Hearted Youtube comments on Michael Bordenaro (@MichaelBordenaro) channel.

  1. Simplified my life. Got divorced, payed off all my debts, don't buy anything with credit, never go out to eat, cut my hours at work because I could now afford it, and live a much happier life. I remember having that house, a wife with all her wants, three vehicles, motorcycles, vacations, and having to work myself crippled. Sure don't miss it.
    1900
  2. Much love for having me on the show ! Had a lot of fun
    1400
  3. This is why I drive s POS and don't care what people think.
    1200
  4. And the world’s tiniest violin plays. Most realtors these days do nothing.
    1200
  5. And why do you think that is??!! My son lives with me, got a 4 year degree and a job that doesn’t pay squat! And I can’t even afford a house let alone Gen Zers!!
    1100
  6. To quote Brad Pitt, America is not a country, it's a business...
    1100
  7. A lot of us are one medical emergency from financial ruin.
    1100
  8. Insurance doesn't cover the things you need it to cover. Yet, they have made it a law to pay for their worthless insurance you don't need. Corrupt laws from a corrupt Government.
    1100
  9. McD is garbage food.. at ANY PRICE.
    1100
  10. Really sad how unaffordable this country has become. American Seniors should not be struggling or evicted when we are giving money away to others!
    1000
  11. Commission - for either buyers or sellers agents - should be a flat fee. NOT A PERCENTAGE of the selling price. Houses went from 300K to 600K - ok, but why should a seller’s agent now make twice as much money on the sale? The amount of work they do is not a linear function of the price of the house, period.
    1000
  12. As long as they use seed oils, I will never step foot in these restaurants ever again. LOOK UP THE DANGERS OF SEED OILS! Do not eat at these places
    1000
  13. Don't lose your job. Don't get sick. Don't have an accident.
    986
  14. Their hiding the numbers of layoffs
    936
  15. I’d rather eat at home even if it’s boiled potatoes , cabbage and tuna than eat that over priced unhealthy fast food crap and keep your money.
    896
  16. There are Waaaay tooooo many REALTORS doing far tooooo little work.
    887
  17. Is it just me, or does anyone else feel like EVERYTHING is literally falling apart? It's kind of scary to see it happen right before our eyes.
    877
  18. "Gen Z has no MOTIVE to work anymore" Their parents could buy a home working the exact same jobs 25 years ago. Today, their child, is lucky to not have roomates. It's no surpirse a whole generation is giving up. Living organisms are about incentives. If you incentivize something, ie: make the juice worth the squeeze, people will naturally do it.
    844
  19. I'm not a genius, and I'm not trying to brag...When 2020 hit I knew there were going to be severe long lasting effects. I spent 3 years paying off my house and my business. I am completely debt free. I know people that are struggling now. They cannot afford their home, cannot sell their home, and can not afford to buy a new one if it sold. But hey, I watch MSNBC, so I know that the economy is booming right now!
    842
  20. More like no point working when you can’t afford anything anymore.
    832
  21. I'm going to move to Ukraine to hopefully get some of that money back
    734
  22. This whole Country is collapsing - literally.
    730
  23. In the era of the great recession, I lost my good paying job and went into serious cc debt of 54k. If ppl today are anywhere near where I was, adjusting for inflation, I just don't know what they are going to do. Everything about debt is negative: emotionally, spiritually, financially. Man, I feel their pain.
    709
  24. My house, I live in Amsterdam [europe] , is valued at 600.000 US dollar. My insurance fee is 30 dollar in total... a month! Insurance in the USA is a scam.
    700
  25. Putting your property on someone else's property is not, and never has been a good idea.
    672
  26. The crazy thing is that most of these people signing up for $400,000 mortgages are also getting signed up for $45,000 crossover SUVs. Making under 6 figures. And the cost of their property insurance, vehicle insurance, utilities and groceries are up 40% simultaneously. I lived through 2007-2009 as a young adult paying close attention to why people were suffering so much, and it wasn't CLOSE to as bad as it is right now. I remember seeing the average 3/2 home price in 2006-2007 and thinking "how can someone only making $45k-$50k afford a $160,000-$200,000 house and still save money and afford a decent lifestyle?" Now it's people making $65,000 getting a $340,000 house and a $37,000 vehicle. It really is so much worse than 2008.
    654
  27. Fed admits something ordinary people already know a long time ago
    637
  28. I built million dollar homes, the agent left the closing table with more money than me sometimes
    634
  29. Whoever says the inflation is down lives in another reality
    633
  30. The horror. Hundreds of thousands of soccer Moms will be out of a "job".
    633
  31. we need to boycott the canola and seed oils
    611
  32. Its become a gig based workforce. I work for a billion dollar company on a "permanent part time" basis. They keep my hours just under the minimum required to offer me benefits. Its greed like this from these corporate goons that are taking down this country.
    609
  33. "When your neighbor loses his job, it's a recession; it's a depression when you lose yours"
    601
  34. If it wasn't for stupid people, unscrupulous people would starve.
    598
  35. You gotta save yourself. Nobody is coming to save you. Invest and live below your means.
    588
  36. There's a saying in the corporate world as you scale the corporate ladder "Be kind to people on the way up, because you'll meet them on the way down".
    587
  37. I don't even live in Florida and I'm already sick of it.
    579
  38. I'm a single man and I never really spent a lot on groceries per se yet lately every time I go shopping it is 100 bucks or more when it used to be 50/60 bucks
    576
  39. Went from eating out most days to not at all. I just buy bulk from Costco and call it a day. Don't even go out anymore. Things are different.
    576
  40. 300 billion for Ukraine but zero for America.
    575
  41. These are no longer car payments, they are mini mortgages.
    574
  42. Imagine being a senior. Fixed income, and ever increasing HOAs, property taxes, insurance. Yes, it’s criminal for our government to allow this to happen to people who worked 40-50 years.
    573
  43. It's crazy how the press secretary comes out saying that wages are out pacing inflation and that Americans are feeling how great the economy is doing. What a disgrace
    559
  44. Maybe Ukraine and Israel will pitch in ❤❤❤😂 probably not.
    557
  45. I'm sure that all the folks that can't afford a house are going to be happy when they found out that we just approved 95 billion to go to another country
    555
  46. How could you not see this coming a mile away. When I live in a basic 3/2 house That is barely sixteen hundred square feet and people are offering six hundred thousand dollars for it. The only reason I didn't sell. It is because where would I go?
    544
  47. I worked for some crooked "real estate investors" as their in house property manager. These guys would buy up condo units from judicial sales auctions. They would purposely target lower income areas. In one particular building they bought up enough condos to essentially take over the HOA and list themselves as board president. They would follow none of the bylaws and pay none of the monthly assessments. The building was falling apart and they had zero reserves to take care of the issues. I would take calls from the upset tenants with mushrooms growing out of the walls. DO NOT BUY INTO A CONDO BUILDING THAT HAS UNITS OWNED BY LLC's. I felt so bad for the working class folks who bought into that association as their first property. Had they known what was going on they would have never made that purchase. I will never buy a condo.
    539
  48. When the government pushes something I run as far away as I can.
    535
  49. 40 pack of water went from $2.18 to $5.48 at walmart. Freon has doubled. Car insurance up 70%. Electric up 50%. You didn't have to be a genius to know printing trillions would be a problem. It will get much worse.
    531
  50. Anyone remember back in the 90s when the mall parking lots were full the week before Christmas? 😢 Good times
    530
  51. YAY !!!! I WILL NOT buy a home with an HOA attached.!!!
    523
  52. Mine went from 2300 to 5900 in February 2023, so I sold my house bought five rural acres and now live peacefully in my luxury RV for about 300 a month in power and property tax. Fuck em
    511
  53. Interest rates "coming back down" sounds like "2 weeks to stop the spread."
    508
  54. Who really cares about McDonald's..I eat real food 🥑
    507
  55. We were selling my wife’s parents home after they passed away, in Waco TX. The Realtor had drawn up a contract for our listing. I told her I wanted a day or two to review it first. There was a clause in there that if the buyers agent wasn’t associated or a member of some Realtor Association, MLS, I can’t remember exactly what it was, that they would only get a 2% commission vs 3% and she would pocket the 1%. I called her on it and said I would sign but she would get a total of 5% (vs 6%). She laughed at me. I didn’t sign with her. I found a Realtor who had a buyer and he charged me a total of 4.5%. After that we had two rentals that I fixed up, put our own sign up in the yard. A guy came by and bought them both for cash. No commission, my lawyer handled the transaction, he owned a title company so I saved at least 7-10%.
    506
  56. If fastfood dies then we live longer.
    497
  57. Is it just me or is this world getting shittier and shittier every year?
    491
  58. People are denying we’re in a recession. It’s happening daily as we speak. It’s about to get way worse
    489
  59. Why would I spent my friday evening in over crowded clubs and wake up the next morning with headaches, when I can watch my favourite Youtuber explaining me all the relevant facts about the housing market.This has a much higher value for me and my future.
    484
  60. No one moves to Florida anymore, it’s too crowded
    482
  61. Michael, the leaf blower guy isn't always there, he only comes to the neighborhood when you're filming!
    479
  62. I’ve always lived beneath my means. It works. I’m not rich but I’ve never been homeless nor have I ever claimed bankruptcy.
    475
  63. I’m Gen Z. I’m working a full-time job and going to school at night, living with my parents, and plan to leave when I’m done with school. We are getting screwed with these crazy college and housing costs.
    472
  64. Demand is low not because people don't want homes, but because they can't afford them.
    469
  65. Our car insurance went from $140/month to $280/month. No accidents, nothing. We switched insurance companies and got to $200/month. Cars are older, we are older… dumb. EV owners should have to pay the crazy increase for their car, not everyone else.
    461
  66. Anyone find it disturbing...that we Never see any Children playing outside...no Matter where these vids are made?
    458
  67. Big corporations, e.g. Blackrock buying up housing over the last 15 years has ruined the American homeownership dream. Love your videos Michael.
    456
  68. People finally realized that hotels are a better deal. No one wants to pay $3k for an old dirty condo that was barely cleaned and has a million rules.
    456
  69. We don't need tax cuts or credits, we need the government to cut spending. Period.
    455
  70. My dad hated going to work every day of his life, but he called his job the "golden handcuffs". It was too late to switch jobs because he had a family to support and a pension he would need later on.
    451
  71. Hi Michael and Lizy!!! Guess what?! I’m officially part of the statistics! I was terminated from my job that I’ve been working for SEVEN years. They fired 90 people. I worked my ass off for this company - created and sustained an entire department. No one is exempt when the company can’t make money. No warning. No attempt at repurposing me or asking me to take a cut in pay - just called me up and told me I’m out. Just like garbage. I’ve got a positive attitude about it. I’m glad I’m off the sinking ship. They did me a favor.
    448
  72. I will buy land and build my house rather than buying an HOA
    445
  73. Other nations give people free college, healthcare and child care because US taxpayers pay for their military
    434
  74. Property taxes are a scam!!! Every time a house switches hands taxes should not balloon!! What the hell does the city do with all this cash???? Many houses switch hands ad the taxes go up over 100%. Taxes should be fixed to the structre itself not based on new purchase price.
    434
  75. 3% interest and still losing homes? It’s the economy, bro. Cost of food, services, etc. Dayum.
    431
  76. People need to say "no!" to mindless spending . . .
    430
  77. Our illustrious government is spending one TRILLION dollars every 100 days! Let that sink in.
    421
  78. We have an epidemic of SENIORS living in their CARS!! They can’t afford to rent and taxes on their homes got too expensive. This is SHAMEFUL!! We should have a nationwide TAX STRIKE! No one pay federal taxes that are NOT going to OUR COUNTRY. I do not consent to MY MONEY going to support other countries when we need the help
    417
  79. My interest rate is 2.5% yet the dam insurance is ridiculous
    413
  80. High maintenance women will break you.
    413
  81. I was born in 1962. Evil boomer generation. The best advice my dad gave me was live under your means. It worked for me.
    403
  82. Nothing will get fixed till Congress stops spending!
    402
  83. In 2009 I asked my lender for a loan modification. I was told that they would be able to do that but that I needed to default on the loan by not paying for three months. I did as they said. They told me to pound sand and started foreclosure procedures. I spent 10 years fighting them in court and won time after time but each time they filed appeal after appeal and destroyed me through legal fees. On my last time in court it was me, my lawyer and 5 lawyers from the bank. Never trust the lender.
    402
  84. Ill be honest. I am an Bank of America shareholder and customer. I did not spend a dime on Black Friday, just people watched. I went to chillis last night and paid $75 cash for a meal I thought should be $25. I still have cash in the bank, but I know a credit event is coming. I am nervous. Of course I have a zero balance on the credit card. Those things are just stupid. I am 40, live well below my means, go to gym twice a day, and a home owner. Guys please be safe with your cash. Stop buying stuff.
    399
  85. Cars are way overpriced. Cars depreciate as soon as you drive them from the lot.
    397
  86. Real estate is full of fraud.
    396
  87. The shelf life of legal get-rich quick schemes is always short.
    395
  88. There is no "American Dream" in the USA anylonger. PERIOD
    390
  89. When I moved out on my own in 2014 I would get a whole cart of food for $100 to $120. Nowadays a whole cart costs $300
    379
  90. Corrected Title: Noo Yawkers have STOPPED BUYING FLORIDA CONDOS! 58% of Florida residents are from Noo Yawk!
    376
  91. Money doesn't make me happy but it does help make things easier❤
    375
  92. I'VE SOLD EVERYTHING, AND NOW AM LIVING NAKED IN A TUB, like Diogenes in ancient Greece.
    373
  93. I am glad DeSantis did this. There is Also a bill for squatters getting removed immediately and being a felony that DeSantis needs to sign.
    371
  94. People desperate to appear wealthy whilst being kept poor by the repayments. Makes total sense 🤔
    371
  95. If I am going to rent an apartment,.....I will rent an apartment,.....but I am not going to buy an apartment. ''F'' condos and HOA' nightmares.
    363
  96. At least we finally beat Medicare!
    361
  97. I don't have a HOA here in my NC neighborhood but I always enforce my personal HOA rules against my neighbor to move her trash can back to her driveway off the road! You know how? I take it up there for her because she is a kind sweet older woman and its the least I can do for her!!
    357
  98. If you don’t think your college degree is worth you paying for it, then it’s certainly not worth me paying for it.
    356
  99. First-time homebuyer here. We just put our first offer on a home in FL and we offered the seller 415k, it was priced at 499k it's an older home that needs work, he countered us at 465k, so we walked away. Our number was firm based on the amount of work the home would need. He also thought we would fall for the whole "I have other offers I'm considering" but we're not falling for any of that, and my gut told me from the beginning that he was not entertaining any other offers, 3 weeks later this home is still on the market, (now over 100 days)! We'll continue to put disrespectful offers LOL, and wait it out, but we are not overpaying, period!!
    351
  100. As a Walmart cashier, I see many, many people pay their bill on 3 credit cards. Forget about how many times cards are declined. Jack is right about a person with no debt is a rich person.
    348
  101. The ban on enemy countries buying real estate in America should be nationwide.
    346
  102. I started using Uber because it was less expensive than a taxi. This is no longer the case. I started booking Airbnbs because they were less expensive than a hotel. That is no longer the case. There seems to be a natural evolution of these alternative-to-the-establishment companies. They always start off on the side of the little guy, providing a cheaper alternative to the behemoth corporations.......and then people start getting greedy.
    343
  103. How can they ever justify 44k a year for property taxes for a single family home? That's insane!
    343
  104. Yes, that's why I left Florida, I got sick and tired of subsidizing wealthy beach front property owners and "their" beach renurishment. Nope never going back.
    342
  105. We’re past the point of no return.
    339
  106. 5,000 Airbbs in Southeast Florida had:• ZERO BOOKINGS In the last 12 months. Ouch!!!
    337
  107. Freedom to sleep on street, freedom to shoplift, freefom to take drug、 freedom to cross border and squat at someone's home. Welcome to CA, Newsome's state.
    337
  108. People are saying no to new cars not just new electric cars
    335
  109. I am a real estate appraiser with over 20 years of experience appraising in Miami, Broward, Palm Beach, Martin, St. Lucie Counties. I recently moved to SC because all of these issues in Florida that you have mentioned. FINALLY, someone is talking the truth about how Florida changed. Thanks Michael! I am 55 and I cant afford to loose almost 20k/year that I was loosing paying for property tax and insurance ONLY. Now I am living in a country club community on 1.4 acres in a 2200sf house with a pool on the golf course with 300 feet of gold course view. My property tax and insurance is COMBINED TOTAL $2,700. I can use the 17k/year savings to invest and actually make money with it rather than give it away to the government or insurance companies. I love DeSantis and the beach BUT as you said it is just not worth it to stay there anymore.
    334
  110. New Yorkers and Chicagoans need to put an end to this unlimited immigrant nonsense--RECALL your mayors and city council members! They can cancel the sanctuary city status in 5 minutes if they voted on it--but they don't want to.
    334
  111. Nobody needs these big trucks and SUVs unless they live on a ranch and need to haul hay or lots of people.
    333
  112. You forgot to mention that insurance for EV's is high, because when it catches on fire in your garage, it will burn your house down.
    332
  113. How can anyone feel good after paying $18 for a hamburger?
    328
  114. I'm 60. Zero debt. No mortgage. No car loans. No credit card debt. Keeping my old cars. Not buying anything substantial for a while
    327
  115. The lawyers won and everyone else got screwed.
    325
  116. As a Mechanic Michael, I own a 1974 Chevy pickup, a 50 year old truck with the original engine, transmission and stills runs great for it's age and condition, I doubt an EV will last that long, they even say that the battery lasts only 8 years on average. Driving in town and suburbs an EV is fine, but in the middle of nowhere it's not practical.
    318
  117. The rich and wealthy pee on us and media tells us it's raining.
    317
  118. A $400 medical emergency would cover maybe an ingrown toenail removal.
    316
  119. The American citizens are struggling!
    314
  120. I did it for 14 years left in 2008 when the bottom fell out of the market. I did rentals for a while to keep my head above water then they dried up too! I prefer to not live on a rollercoaster I needed to take care of my family and needed a steady income. So many shady agents who will lie all day and I did not do that. Also other agents stealing clients I was just done with the BS
    314
  121. No cuts will fix this mess. I think it will take a giant meteor to fix our economy 😢😢
    311
  122. Full time jobs are disappearing in the Midwest. Takes 2 part time jobs now just for the basics.
    306
  123. Been working since 1976. 65 tired and worn out. Fully debt free but taxes and insurance is insane. I rested for 18 months, getting decent SSA benefits but it's not enough. Oh well - hi ho, hi ho, it's back to work I go.
    304
  124. “ get rid of all of this stuff , possibly even the girl friend “ Classic
    300
  125. They don't want FL to turn in CA. Such a great move.
    300
  126. I barely make 3k/month and I bust my butt. It's rough out here for regular people. I remember when $25/hr was a good job, now it's barely getting by.
    297
  127. The only things I put on my credit card are booze, strippers, and cash advances for eight balls of blow. Aside from that, I’m very responsible with my credit card spending.
    297
  128. Closing costs are insane ! Property taxes are insane ! House prices are insane! And those who control HOA’s are nuts ! Housing is a necessity, not a luxury!
    297
  129. My dishwasher wouldn't start the other day. I called Best Buy cuz I had their warranty. They quoted $99 to come out and look at it. My warranty only gave me 10% off! I was so mad that I took it apart and fixed it--it was a loose cable.
    296
  130. "they don't care about us anymore" They never did.
    295
  131. They want them to be completely homeless. America!
    294
  132. Hedge Fund / Private Capital is buying these parks, they don’t care. It’s time to outlaw corporate ownership and force divestiture of existing holdings.
    293
  133. The simplest way to explain what's coming is to imagine if in 2007, everyone who bought too much house actually paid an additional 45% on top of 2006 prices, and then their homeowners insurance went up 300% in 2 years, their groceries and utilities bills went up 45% and all of their other bills went up 40% as well. And then they lost their job like they did in 08-09. It's really that much worse this time. People factually have LESS money saved in the bank today than they did in 2006-2007 as shown in the FRED economic data on personal savings rates. It's going to be ALL TIME bad here shortly, save your money to feed and house your family - nothing else.
    291
  134. The biggest scam of all when you buy a condo is that you still have to pay property tax. Property tax on what? You don’t even own your outside walls. What a joke
    290
  135. Debt is slavery.
    290
  136. If NYC receives just a few hundred loads less per day it will be a major crisis for the city, it doesn't need to be 100%. President Nixon was driven into a major fit when the truckers shut down during his presidency and that protest only had 20% or so of truckers actually shutting down. Colorado caved when truckers boycotted that state and nobody even heard about that boycott. This isn't near over yet.
    289
  137. And yet with all this data normal people will still be gaslit to thinking everything is fine... 😑
    287
  138. 2 smartest guys in real estate today!!! I’m a broker in South Florida. I watch every single video both put out. They’re the only 2 realtors I agree with! They are absolutely on point!!!
    287
  139. Congratulations Michael. We all appreciate your 5 years on YouTube. Enjoy your celebration this evening.
    287
  140. A very healthy form of boycott.
    286
  141. I'm an agent here in Sarasota and I can tell you that houses in the "New construction" price range (mid 500s to 800k) are collecting dust. My buyers either can't afford the payments now or think the market is going to keep going down so they won't buy. And these are cash buyers, they didn't get wealthy by being stupid.
    286
  142. Michael, just visited The Villages pricing homes. Saw a pre-owned home built/purchased in Summer of 2023 for 545K. Seller has the home listed for 830K. Not just the only one with 300K price increase in less than a year. The Real Estate Industry, the Appraisal Companies and the Inspectors are just flat out exploiting the market like Car Salesman. 300K increase in less than a year is goddamned criminal. The real estate and auto industry has exploited Americans for decades. Can’t wait for the crash to hit and let everything burn to the ground.
    286
  143. People laughed about “better go get a couple of tents” before you’re priced out; but here we are. Australians will tell you that there’s a supply shortage of tents. It’ll be here soon.
    286
  144. if I was buying a house, I already know I do not need a realtor, just a closing lawyer.
    285
  145. Not just theft. No one can afford their high 🤬 prices either.
    284
  146. Yeah, im cooking more at home. I also would rather spend my money at a locally owned family restaurant
    283
  147. As a truck driver, it is pretty apparent. In 2020 we had a shortage of a half a million truck drivers. Fast forward to today, where there's a hundred thousand truck drivers who are unemployed because there's not enough freight to move.
    281
  148. Moral of the story: Never get an adjustable rate mortgage.
    281
  149. No state income tax, but high property taxes. They gonna get you either way.
    281
  150. I paid a lot of bills debt last night. In 2017 I had $52,000 debt. In 2023 I have $19,000 debt. I am working hard and not traveling and not eating out or going to movies. I stay home and cook my own food and I crochet blankets. I also walk and do weights. I do not belong to a gym . People younger than me are enjoying life and not sacrificing. I plan on paying off this debt by next year .
    280
  151. Giving somebody an eviction notice is one thing, getting them out of the house is another thing.
    280
  152. House paid off. Think cheap. Thrift store has everything! 20 year old Acura I love. Enjoy everyday! Keep it simple. Stay debt free! Cook real food. Don't eat out. Avoid bad people!
    279
  153. This new law to have those who financially responsible help those who are not financially responsible help buy a home is absolutely ridiculous. Aren’t we already doing that with welfare, section 8, food stamps, health care, dental care, etc. etc. etc.
    275
  154. I cant buy any real estate in China . Fair is fair.
    274
  155. Gen Z dont work either at all or as hard, because it seems they can feel that the system is rigged.
    274
  156. Leaving Florida will be like leaving a burning building. The first ones who head to the exit will be OK. The rest will be caught in a nightmare panic.
    272
  157. Don't get any San Francisco on your shoes ❤
    271
  158. Writing from crazy California. Leaving people on the street to self destruct is NOT compassionate, humane, or any other 'nice' term they want to call it. Homelessness has become BIG BUSINESS. Don't let it happen in your State. Bravo to your Governor!
    270
  159. The founding fathers said this would happen if we gave the power to print money over to the private banks 😢
    269
  160. We moved from OH to TN to retire. The owners of the house we bought from in TN moved to Florida. Guess who bought our house in Oh??? A couple from Florida! They wanted to move back to OH to be near family. People are still moving.
    268
  161. Oh, let me get this straight. I, as a responsible car owner, pay my insurance on time for the last 17 years with never being late; EVER! I am now paying for the uninsured lazy and irresponsible auto owners, too. Great! Notice my sarcasm. That's pathetic!
    268
  162. It's amazing how empty these big box stores are every time I go in.
    268
  163. If people ask to “borrow” money. Say NO!!!!!! It’s not borrowing it’s giving them money. 100% will never pay it back. Two letter word. NO!!!!!!!
    265
  164. The only things that I am seeing are massive layoffs. I am staying away from this housing market and praying that I can keep my job.
    265
  165. I started watching car questions answer channel only because I knew the car market would fall first. Not because I want to buy a car. Now I am watching unemployment rates. Once unemployment goes up the housing crash is only months away. So predictable. Love your channel Michael! I been watching for over two years now.
    264
  166. Ban CORPORATIONS from buying single family homes.
    264
  167. Thank you for saying out loud all the things my wife and I have been saying in private. Its all related to inflation. Prices go up, service gets worse, businesses fail, quality goes down, portions shrink. We're becoming a banana republic.
    263
  168. Empathy is usually hard earned, and some folks, never attain it.
    261
  169. I left America for Japan & I can't say I regret it at all. Meanwhile my family back in the States are struggling. 😢
    260
  170. The Golden Girls would have to become homeless now if they brought the series back. 😂😂😂
    260
  171. I lost my dad post surgery in a COVID lockdown state. Tomorrow is his birthday and yes, I missed him on Fathers Day too. Treasure your dad. Forget about material things. Leave M8ami if u are miserable there and happier elsewhere. Spend time with your wofe and parents. ❤
    258
  172. Our country is in deep trouble. Very tough times ahead.
    257
  173. Insurance companies: "We don't want to pay claims, we just want to collect premiums." Spoken like true con-artists/scammers.
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  174. I am the executive director of a Section 8 housing agency and the rents in my area have gotten so high it's hard for me to qualify individuals. Then I get calls from property managers desperate to fill vacancies but refusing to adjust rental rates.
    255
  175. Who in their right mind would pay even $5 for a grilled cheese sandwich? A grilled cheese sandwich, really? You cant make one at home for yourself? We are doomed.
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  176. This is why we sold in 2022. Take the money and run
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  177. Meanwhile, in NYC, a woman was murdered by squatters and put into a duffel bag.
    253
  178. The unemployment numbers are not low. They keep getting adjusted months later. It’s a facade.
    253
  179. I gave up looking for a house at these ridiculous prices and just decided to rent for a while.
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  180. I for one don't want an EV. I'll drive my gas car until the wheels fall off. Thanks Michael and good to see you spending time with your family.
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  181. I'm a mail carrier. We have a new carrier who started his career at 68 years old. He's in great shape for his age, but it used to be rare for carriers to start after age 50. It's a hard, physical job and management won't give you a break because you are old. There's a customer on my route who still works at Kroger and he's 83 years old. He was retired for about 15 years and he had to go back to work because of inflation. Luckily they let him come back to work.
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  182. 2 million for an old ranch style house is absurd. If you pay that kind of money for one of these mundane houses, go look in the mirror. What you see is a bag holder.
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  183. Biggest moral hazard is parents not disciplining children, drug use, letting criminals run free, out of control government spending.
    248
  184. I planted 11 fruit trees in my garden last year. Apples, apricots, peaches, cherries, plums, etc. Just around the perimeter of my garden, because I still want to be able to use it. It will be 2 or 3 years before they bear fruit, but that's not so bad. I'm really doing it mostly for fun since I could afford that stuff, but I won't mind having a bunch of free fruit.
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  185. The prices are up everywhere, but the income is going nowhere
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  186. Sunglass companies are missing an opportunity not sponsoring ❤
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  187. Not interested in McDonald's food, it's garbage, and I don't drink soda anymore or eat fries. I cook at home better quality and quantity than anything sold in 80% of the best restaurants. $70 gets me 3+ fantastic meals at home or one good meal at a good sit down place.
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  188. I could have never imagined that the cost of living would be so out of control. It's really tragic.
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  189. HOA Dues and property taxes are through the roof nationwide. Especially Florida ! Condos are No Bueno ☝🏻
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  190. Rule #1: Don't buy something you can't afford.
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  191. I'm going back to the horse and buggy and when a cop pulls me over I'll just give him the horseshit
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  192. My father was a real estate broker. He had his own business since 1950ish. He passed away in 2010, and going through his papers recently, I found a resume he wrote in 2008. He lost everything that year. His business, his house, his identity and dignity…. I fully believe it can happen to any of us in the next few years. Thank you Michael, for daily reminders that we need to buckle up!
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  193. Homelessness in America is out of control.
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  194. Michael, it blows my mind how much money in taxes W2 wage earners have to pay. I am an American. I was born and raised here and yet I've never in my entire life had health insurance! I can't afford it. Never have. Never will. Why am I paying taxes and getting ZERO in return? I'm not asking for a fancy house. I'm not asking for a fancy car. With all the taxes that I pay why isn't my healthcare taken care of? That's what I choose my taxes to be used for, taking care of the sick and health of all Americans. Not fighting endless wars and giving suitcases of gold and money to overseas terrorists. Not propping up dictatorships and hateful regimes. Not subsidies for industrial war complex, banks, and corporations. Why isn't our tax dollars used to improve the lives of working Americans? It's not. It will only get worse.
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  195. People shoplifting is at an all time high. I was just at Ralph’s in Irvine Ca, a rich area and the worker said 3 people in the last 5 minutes didn’t pay at self checkout. She said it’s gone completely rampant. She looked completely dumbfounded by all the people stealing 😂. So many fake rich people.
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  196. Speaking of EVs. They don't come with cigarette lighters. They are cigarette lighters!
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  197. We are completely screwed in this country.
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  198. 99c only CLOSED....Dollar tree bought some of their leases. But they are closing several stores in High crime areas. CA is going to hell.
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  199. I heard someone in South Dakota whose HOA banned owning firearms sued the HOA and won. What is amazing to me is that the HOA was even able to implement a policy like that to begin with in a place like South Dakota of all places. Now HOA is more powerful than our constitution? And the fact that the guy had to sue the HOA to exercise his 2nd Amendment right is what is so wrong about it.
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  200. A million dollars for that dump? What an embarrassment we've become
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  201. I'm a college professor and retiring next month. What colleges do to exploit students would blow your mind. Ex. College loan officers never call it debt. The term is forbidden. The term 'benefit' is used instead. It's called a 'financial aid package' which is a mix of grants and loans. Positioned as grants but they are mostly loans and good luck figuring out the detail. These loan officers assist with FAFSA completion and coach students on how to maximize their 'benefit' (debt). If a student asks questions like 'How much of this is debt? What's the interest rate? How high could the rate go?' the common response from the 'loan officer' is 'don't worry about it, you'll never really have to pay it back anyway'. Some students have $80k in debt with over 50% of the debt towards classes that they have failed in or withdrawn from! I see this weekly firsthand. Over 20% of student tuition revenue at community colleges comes from F/D/W graded courses. Imagine borrowing money for failing a course. Simply absurd and I feel so bad for these gullible students. (And I work VERY hard to discourage them from borrowing money for these silly degrees that offer no payback (STEM courses aside). Good video Michael.
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  202. If your girlfriend insist on going out for dinner every day you might want to get a new girlfriend. Besides not being as healthy as home cooking it expensive as heck to go to a restaurant nowadays, even fast food is ridiculous.
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  203. I’m tired of working this hard just for property to get further and further out of reach and for a huge portion of what I earn to get stolen and given to others who made worse choices
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  204. It is remarkable that Illinois, a state with great beauty and a rich history, faces challenges due to the political leanings of certain counties. If we were to disregard the current governor and the negative impact of certain political parties, the state would likely experience significant improvements.
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  205. If they're admitting it now, they're at least 2 years behind.
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  206. Self awareness is a lost art in American society…so is kindness
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  207. What burns me? All the fools in my neighborhood decided they needed new roofs after a hurricane, getting checks for spoiled food when there was no need, the game of getting generators and charging some government agency. They bragged about how they milked the system. Meanwhile, these same people rage over social agencies that handle poor folk. Greed is destroying Florida.
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  208. The rent is too damn high!
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  209. I left America for Italy and never looked back.
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  210. Everybody wants you to work part-time so they don't have to pay benef.Its updates.Let me do this for thirty five years
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  211. Michael never add an opening animated channel tralier. I am so tired of channels with 30-45 secs of clips and music before getting to the meat. Good channel
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  212. I lived in CA for 40 years and loved every year I lived there. However, last summer of 2019, we decided to leave and settle in the suburbs of Pensacola. Regardless of other comparisons, the main reason we left is the cost of living. It’s fine when you’re working but when retirement comes, it’s time to leave. Florida is much cheaper to live than CA for sure.
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  213. In Las Vegas, because it is a tourist area, many people want to go to a home, have a party, tear it up. The neighbors get upset. Now they need a permit. Many people gave it up and sold the home. Neighborhoods should stay neighborhoods. Las Vegas Hotel rooms are high on the weekends and special occasions. During the weekdays, not too much.
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  214. Prices of homes in Florida went up 300% in the last 20 years dropping 20% is really not a big deal
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  215. I worked for AETNA Health Care until 2015 that experimted with remote work long before the pandemic. They learned that productivity increased by 80% because workers didn't need to commute or gossip near the water cooler. I believe this reversal is just a way to thin the herd without layoffs and severance.
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  216. What do you call a group of Karens? HOA!
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  217. "Free" money never works. It never has and never will. And it's never "free".
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  218. Everything is great. The 8 people living in the alley behind my house are thriving 🎉🎉
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  219. Instead of offering to help pay mortgages why don’t the sellers lower their price for the home?
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  220. I am so spoiled michael!! The government is letting me work 2 jobs not 1 into my late 50's.i am truly blessed.😁🤔😜
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  221. Thank you for being a voice for the working middle class, Michael. Billionaires don't need our voices. They already have elected government officials they buy to be their voice.
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  222. Best decision I've ever made - buy a car that I can actually afford, with cash, and I haven't had a car payment since 2018. I started with a 2006 Toyota Matrix for about $6500, sold it 3 years later and bought a 2012 Toyota Tacoma with cash. Since then, my savings account has grown, I paid off my student loans, and I can buy products for my business without thinking too much about it.
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  223. Remote workers moved in markets with their higher salaries and out bid the locals.Then landlords and investors raised rent rates and gave long time tenants ultimatums to pay the new rates or move ( non negotiable).I hope greed bankrupt them all!!!
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  224. 77 year old grandma here, enjoying all the information you share. Always interesting. Thankful I’m in a good position because I live on my granddaughters farm and get to collect eggs every day. Have so many,we get to share with our neighbors. We also raise delicious things in our garden and raise our own meat. I pray for our country every day.
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  225. This is not a housing crash. This is an affordability crash. What you could have afforded then, you can’t afford now.
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  226. My old landlord who was a millionaire and still is also a pilot sold off sold off all of his commercial real estate and residential 3 years ago and told me hard times are coming... Coach me into buying 20 acres and a building where I live now. Millionaire's knew this was coming
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  227. The banks/lenders/realtors lie so they can get paid. You're the only one got hooked and responsible for all payments. If you're bankrupt, that's your fault, not theirs. You signed to agree the loan. You need to buy a house with low cost, not low rate.
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  228. I'm 80, looks like your dad is keeping up with you, good for you dad, great to be able to do that! Appreciate your channel!! See you in messed up CA!!!
    219
  229. As a residential appraiser, I deal with agents all the time. It is mind boggling to me how many agents are completely clueless.
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  230. Crash and Burn, Baby !!!! My kids need a chance to get their first home..... this overpriced mess is insane and wrong for the younger generation !!
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  231. The pain in intentional, so much corruption
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  232. We do our part to support restaurants 😂😂😂😂 It used to be 30-40 bucks for our family of 4 to eat cheapish but now it's a easy 100 bucks.I don't even know how low income people are staying above water these days😢 Hopefully things will improve sooner than later.❤
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  233. Beware of bureaucrats bearing free "gifts". It's called DEPENDENCY. The more dependent people are on the govt the more control they have over every aspect of people's lives. Of course, if you want to be treated like an infant by your govt, you will love it. The ultimate Nanny State "solution".
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  234. What really needs to come down is the price of housing. That’s where the majority of people’s income is going. I can live without fast food but we all need a roof. This economy is horrible.
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  235. Not everyone will agree with me but even if you have the money, paying $50k for a car is crazy and stupid. I buy nothing but beaters, my current car I paid $900 for it 4 years ago. No debt, no payments no worry bout the repo man. Lose your job .......no worries either.
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  236. Robin Williams once said politicians should wear jackets like NASCAR drivers, then we would know who owns them.
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  237. I cannot see how people can afford to live in certain parts of Florida anymore.
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  238. Thank you for having me on the show
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  239. I‘m outraged. Worst administration ever.
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  240. My oldest daughter who bought a house 1.5 years ago. Didn't realize that your house payment can go up. I had to explain taxes are based on home values from the prior year. That even if your home value goes down the county / city supervisors typically just change the taxation values so you pay the same. I told her it never goes down. She said that's shit! I said that's state government
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  241. Not all Gen Z's are this way. I know some who work hard, are staying out of debt, and saving for a house. I know others who are entitled brats. My son is living at home, but he is paying rent and saving for his own house (just waiting for the market to drop, has $85,000 saved so far). He has no debt at all. He also helps out around the house. If a parent is letting their kids mooch as adults, then they are part of the problem. Things are definitely harder now then I had in the past, so I don't mind helping out my kid to get a start in life. It depends on the situation. My son is ticked at some of his friends because they are mooching off their parents. The parents are the ones who are going to pay the consequences for raising such entitled kids. My kid is a big help during these times. We are pulling our resources together, and helping each other out during this insane time. That is what family is supposed to do. People who burned bridges with their families are not going to like going it alone in this economic downturn. Work on your relationships.
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  242. barba cockran is a nutcase. Best time to buy a house was 40 years ago.
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  243. Michael, I have a PhD in economics and teach at a prestigious university. I gotta tell ya, man, I am addicted to your channel. I learn as much from your channel as I do from the current academic literature. Bravo! Please don't stop!
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  244. As a Firefighter i have seen and dealt with so many emergencies at high rise buildings and I always told myself I would never live in one unless I absolutely had to, I just see more risk then reward for me.
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  245. The answer is quite simple... because they can. You put hands on a thief, and you WILL get charged with assault. The problem isn't the law, judges or even the police. It's the D.A. who decides what crimes to prosecute and which crimes to ignore. They hold the power.
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  246. I am no economist, but I currently make the most money I have ever made in my life but feel the poorest I have ever felt in my life. Every is so expensive 😢
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  247. I rented my condo , the owner wanted to sell it so I had to leave but I told him give me an offer , the offer was attractive and I bought the place . I am still there I like it
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  248. Remember, it helps them "buy" the home. They never said theyd help them KEEP it.
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  249. Agree 100% Michael, do NOT borrow against the equity of your home!
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  250. I have a lifelong friend (we are both in our late very 60s) who is both a retired medical malpractice trial attorney and former RN. His heroin-addicted and pregnant daughter showed up at is door, and now he has gone back to nursing for 36 hours a week to support her and her baby while he puts her through nursing school. I talked to him about a month ago and he sounded defeated.
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  251. When you see your car insurance price go up higher than your car payment. You know there is a problem
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  252. I hope companies like Blackstone take a huge financial hit for their greediness. These corporate home investors are a big reason there is such a home shortage. They used their financial might to outbid regular people just so they could make more money. Serves them right.
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  253. My cousin, friend and bosses family member have all just recently filed for bankruptcy. My kids friend’s mom was just laid off Friday. Things are getting rough and fast.
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  254. “If the American people allow private banks to control the issue of money, first by inflation, and then by deflation, the banks and corporations that grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson.
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  255. There’s a club, and we ain’t in it.
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  256. If a private homeowner agrees to sell his/her home to Opendoor (or anyone else), and afterwards feels cheated, then I see this as the fault of the owner plain and simple.
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  257. I personally know people that have done cash out refi's or lines of credit because they have tapped out their credit cards. Listening to them brag how they paid them off. Yet sadly 99% of them will run the credit cards back up and eventually lose their house.
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  258. People need to accept the fact that their 220,000$ houses aren't worth 350,000
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  259. I'm in Wisconsin and was visiting my cousin in Florida recently. We went grocery shopping and I couldn't believe how high the food cost is there too !
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  260. Still worth it. I never want to have to shovel snow in -10 degrees ever again.
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  261. Also not to mention if your single and make less then 100k plus a year it's next to impossible to own a home at these prices in most areas. Unless it's in the ghetto. I'm a hour outside of Philly and crack house row homes in the slums are 150k to 200k or higher its just absurd. They have pretty much forced blue collar workers out of affording a home unless you have a two incomes . This country has become a complete disgrace
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  262. I believe no foreign national, foreign corporation, or foreign government should be able to purchase real estate anywhere in the United States
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  263. I worked during college I paid my student loans and I paid off my car I paid off my home, even while disabled I paid my taxes Why should I subsidize able bodied people who refused to work hard?
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  264. Every financial mistake I ever made had a car attached to it. They were all hard lessons to learn, and they illustrate the fact that I'm a slow learner.
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  265. Most people who file a claim in a class action suit receive crumbs after the lion share goes to the attorneys.
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  266. I’m a disabled veteran homeowner …($40k annually) I’m basically on house arrest. Pay all bills and penniless by the 9th. Rinse & repeat. No tax stimulus for single people.
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  267. Everything we buy has almost doubled in the past 4 years. That's the fact!!
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  268. So glad I didn’t buy a condo in Florida.
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  269. I own a home.. and I still feel like a dog without a bone...😮
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  270. Home prices need to drop 40% to be reasonable.
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  271. Why do companies allow their employees to beg for tips? A tip for what? To do your job? They are basically begging! I wish I could ask for a tip and we feel way overworked working in the medical industry.
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  272. Wife is Beautiful!
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  273. Absolutely fascinating! I've been a county appraiser/municipal valuer in my country. That's exactly right, "when you have the priviledge to know, you have the duty to help". Good on Mitch, and best wishes to him.
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  274. I find it odd how everyone thinks that mortgage interest rates were so much lower than ever before. I had a rate of 3.375% on a 30 yr fixed with no points in 2013. That was the going rate at that time and no one was out FOMO'ing the housing market and investors were slow and calculated with buying. Offers at or over asking were unheard of back in 2013. Crazy times. Real Estate is the new boomer trading card.
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  275. My biggest problem in paying 90k a year in taxes to this trash government for them give away to their friends 😢😢
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  276. I can bet who is NOT AFFECTED from these RIDICULOUS prices and inflation... POLITICIANS.
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  277. We're living in the movie 'Idiocracy' and not the Republic that the founding fathers intended us to keep and defend. It's sad...
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  278. People overpaid by 100-200k with low interest rates for homes that were basically shacks. What did they expect? Low rates mean nothing when you went 200k over budget and have another 100-200k in repairs.
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  279. BabyBoomerette here- have been in my first home since 1982, a 3 BR 2 bath ranch style home with a fireplace. It is exactly what I wanted in ‘82 and is still my favorite home style. If I’m lucky, I’ll drop dead here.
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  280. If I don't have to have it...I don't buy it.
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  281. The government is spending too much!
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  282. I remember in 2002 my mom getting so excited that she would receive $1,000 on a life insurance policy her mother took out on her in 1946 once she reached her 80th birthday. $1,000 was a lot of money in 1946. Today you'd be lucky to buy a month's groceries.
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  283. Homelessness is skyrocketing. By 2030 probably 50% of Americans will be Homeless.
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  284. Meanwhile millions of immigrants will be given billions in food, shelter, healthcare & childcare assistance while being tax exempt. Among other things- 🤔 Like social security being gone, zero within 10 years! I'm so grateful my oldest son's house is paid off and my youngest has a 2% VA. America really needs to re-think their career options. I personally know so many people having their young kids "diagnosed" with something by age 3 so they can get the fat disability money and all the other benefits as well as being paid by the Govt to stay home and be a caregiver. Americans have found so many loopholes for "mental health" diagnosis, etc and other ways to milk the system.... Like artificial, unearned wealth buying real estate and having renters make the payments for them. God bless capitalism 🇺🇸
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  285. Buyers have gone from being scared to buy because we're in a housing bubble to being scared to buy because the entire country and way of life is falling apart. You can recover from a housing bubble like 2008, but you can't recover when your country permanently becomes a third world country and your standard of living is ruined forever. Big difference, buyers now need deeper discounts to offset their later years in life, not just some equity in an overpriced home.
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  286. Don't even waste your time Michael, these folks that just want to complain aren't even listening and you owe no one ,anything. Your channel is solid and your character is solid. You deserve to make money and don't let a single person tell you otherwise. Folks that complain about these things are always the biggest hypocrites! Almost at 80k!!!!! Woohoo!
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  287. It's not the just the prices, but service sucks as well. I'm traditional at prefer making my order at the counter. Now when you walk in, they expect you to use the kiosk or they will ignore you. The last time I waited five minutes just for a coffee. That's was my last visit to McDonald's
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  288. Food prices be going insane I wish we could check boxes on our taxes on how and where we want our tax money spent. I think that would wake folks up on what the people want
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  289. It seems like this free money is what Got us in trouble to begin with
    188
  290. If you buy a condo. You’re part of a community. That community can turn on you and your rights.
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  291. Sold my own home by myself saved myself thousands of commissions and did a better job doing it myself
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  292. You NEVER accept an adjustable rate mortgage,they go only one way UP! Come on people.
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  293. Its not just mortgage rates.. its the prices. Nobody is going to pay 350k+ for your 1000 sq ft starter home that you spent $300 painting and bought for 180-200k.
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  294. In Miami its money laundering that is keeping these prices so high.
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  295. I think as time goes by, greed is going to get way worse.
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  296. Two of my favorite guys. Nice to see you both together. Your advice and updates are greatly appreciated .
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  297. I was waiting for a leaf blower to make an appearance in the woods😁
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  298. . $5 for toxic garbage?!?! Nope👎
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  299. I lived in Florida for 20 years after 25 named storms and only one claim my insurance went higher than my mort,became untenable,plus it took one and half years to fix,and then I got hit by another major storm and gave up,moved out of the state and never looked back!
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  300. We called those prepared meals, 'TV diners' in the past. 😂
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  301. Now our tax dollars will help those who have never paid taxes become homeowners...
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  302. Don't want to sound like a broken record, but always appreciate how you keep reminding, especially the younger generation buying their first home, about all the expenses involved in home ownership!!
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  303. The juxtaposition of walking past million dollar yachts while discussing the debt of the common man is perfect!
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  304. That’s why they have to have us all hating one another and arguing over everything. So that we won’t pursue or take effective action. So long as they have us divided, there is little we can really do.
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  305. This is an important topic. I am moving out of a Mobile Home park that I have been in for 22 years. My current landlord is one of the better, or less worse ones. What has happened in the last 10 years to parks b/c of institutional investors is an unspoken tragedy.
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  306. I wouldn't think of this as a "recession" so much because that sounds temporary. This is a permanent reduction in the wealth of ordinary people.
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  307. Agree Michael, don’t get ahead of yourself because life can flip on a dime through bad luck and no fault of your own. Let’s always support each other constructively regardless of our respective bank balances.
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  308. I'm somewhat sympathetic because people are so discouraged from even entering the rat race when they feel like lots of social contracts are broken (retirement, house, cost of education and social mobility). But, doing nothing and retreating into perpetual childhood is definitely not the answer
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  309. I deliver mail and whenever I see an Amazon delivery driver, I ask them to come work at the post office so they can have secure jobs. Several have told me that layoffs and the cutting of hours have been rampant. This is a very bad sign, when people (mostly women) are cutting back on parcel delivery. They're BROKE.
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  310. The shit is going to hit the fan in a major way this year, mass layoffs, foreclosures, evictions, bankruptcies, homelessness, suicides, crime continuing to escalate. A Mad Max World is underway, sad.
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  311. Do NOT buy anything for the next twenty-four months unless you're already very rich.
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  312. TGIF 🥇 Moving anywhere is basically not a good option right now. 😂
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  313. Wow. What drugs are they taking? Where the heck have they been these past four years?
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  314. I’m watching your videos all the way from the Netherlands and I must say you have a talent for storytelling and keeping people interested. You have a logical mind and you express yourself in such an authentic way. Glad you did this!
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  315. You're right I've never seen prices ever come down once they go up
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  316. The insurance companies keep coming up with new ways to avoid paying a claim....I'm paying way to much for homeowners...
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  317. Property tax is a CRIME
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  318. This whole world is criminal!!!!!
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  319. Some HOAs wont allow homeowners to work on cars in the garage if the garage door is open
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  320. Gallagher said it best: They needed some Dough. They needed a Con. They came up with the Con-dough! It right in the name!
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  321. I'll never eat out at McDonald's again.
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  322. You know which realtors will really suffer? Beverly Hills, Malibu, Hollywood Hills ... duuude.
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  323. I’m more scared of fast food meat than ever before! 🍔
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  324. Had to file bankruptcy 16 years ago. Best thing ever happened to me. I have not used credit since, have no debt, save half my income, keep a very simple life.
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  325. Let me tell you another lie they tell you. Two weeks ago I was thinking about putting a offer in on a house in Phoenix and the realtor told me I should put a bid for 15,000 above because there were two other investors that put in offers cash offers, I decided not to get in the bidding war and a few days later the price of the house dropped 10,000.. talk about manipulating the market
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  326. Canada is beautiful. I hope the new PM turns it around ❤
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  327. the couple living in a free house sound obnoxious...they are the ones that have been extremely lucky but will never realize how hard it is for the remaining 90%
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  328. I'm happy I have zero pets. I wish I could, but I can't afford them. Pets require time, love and commitments. Maybe when I retire
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  329. While people are struggling, wealthy retail corporations are trying to convince communities to get rid of dollar stores......And local leaders are falling for it.
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  330. I'm a minimalist. I keep my expenses to a need only. Groceries is what is killing me. I walked out of the grocery store with 3 bags that cost almost $100.00 and mind you I purchased no meat! Nothing but fruits, vegetables, coffee, tea, eggs milk etc...CRAZY!
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  331. As one of the "Little People" (the filthy unwashed poor) I work as a baker, and my department and every other in my store is running with skeleton crews, everyone is fulfilling multiple jobs, equipment that should have been repaired ages ago is being kept running with duct tape and bubblegum. Corporate is squeezing every penny it can and working people ragged while cutting hours and refusing to hire people. My Uncle lives in Byron, right on the Rock River, small world Mike!
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  332. We've been in Recession since last Fall.
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  333. Pay your house off so you can pay 30 grand a year in taxes and insurance
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  334. There are realtors here in Southwest Ohio that have posted to their Facebook, they will refuse to list a house if they don't get their 6% commission. IMO looks like there will be a lot of realtors going broke faster.
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  335. Prices better crash way more than 10% considering most homes have been flipped for double or more in the last 2 1/2 years. 30% - 40% is more like it. Even then, the interest rates are still going to be too high.
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  336. It's better to prepare something similar at home :)
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  337. Michael, please don’t start walking in affordable neighborhoods, it’s much too dangerous!
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  338. The rich and government is trying to force everyone out on the street you are either rich or poor...its very sad...alot of us worked hard for homes etc just to be forced out for high taxes lot rent increases there should be caps on these fees for people...its digusting but they have money to give to other countries....prayers to all!
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  339. Sad how people worked their entire lives only to get rugpulled. All while this admin is telling everyone that this is the bestest economy ever of all time.
    171
  340. I’m still seeing people lining up like cattle at the McDonald’s drive-throughs.
    171
  341. And>> 20 Million households DIDN'T pay Rent or Mortgages for 18 months!!!!
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  342. I payed off my mortgage and I'm now self insured. My car is insured only for liability. Best method now is to live really far below your means so you can self insure. I live in a tiny house that is fine for me even though I make pretty sizable money, then instead of paying an insurance company I have an emergency fund that I feed that is separate from my savings. Insurance company wanted 30k for windstorm insurance, a brand new roof is 35-40k. So I can almost pay for a new roof every year I get the insurance at this point. It doesn't make sense anymore to have insurance.
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  343. You are 100 percent on point. Taxes have gone way too high as the country continues to decline under this administration. It’s a disgrace to what is going on in this country. It’s all by design.
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  344. There's no slowing down. They are spending money like drunken sailors until everything breaks. Complete Insanity! Thanks Michael and Happy Wednesday!
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  345. The boat is sinking and government is trying to plugs the holes, but there are too many holes!
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  346. The rule should be live in Florida at your own risk. They shouldn't be expecting a multi-billion-dollar bailout every two years
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  347. I sold a house years ago to someone who did a rent to own from me. The lawyer wrote into the contract that if he missed a payment that the house would revert back to me. Well, he came on hard times and missed 2 payments because he ended up on jail due to a DWI. I went to the jail and told him I wasn't going take the house back. He had paid so much into it that it wouldn't have been right of me to do that. If it had been within the first year, I may thought differently. When he got released, he doubled up on his payments for 2 months to catch up.
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  348. The only people who say “renting is a waste. You’re paying someone else’s mortgage “ are people who have never owned a house.
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  349. If the buyer knew what the seller knows, there would be NO SALE!!!
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  350. They’re not incompetent, they’re complicit.
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  351. Michael I am spending 0% Mortgage! 0% Credit Card Balance !!! I do feel sorry for those who pays high interest rates.
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  352. Margaret was right. If you come across the right ones on you tube it’s literally free schooling. I’m grateful for channels like yours. Thanks Mike :)
    168
  353. I have a co-worker who lives in an apartment. She pays her rent by check in person each month because they charge a “on line convenience fee” to pay easily online like most people want to do. Apartment living is such a scam.
    168
  354. People have paid their mortgage for 30 years, but at the end of those 30 years, the taxes have gone up so much it’s like having two mortgages
    168
  355. Recession? Years into the future, people will talk about how we were already well into the early stages of a Second Great depression. The gas lighting never ends...
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  356. I been on this earth 🌎 for 57 years.i never paid over $220.00 a month in car payments ever🤠😁😃
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  357. The bottom line for all of this misery is corruption. 😡
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  358. Just lost my IT job yesterday in West Palm Beach, FL. Luckily I bought in 2012 and paid cash for my 110K house (now worth 400K, what a joke). No mortgage, no rent or I'd be homeless in a month. It's TOUGH out there.
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  359. Many of us were forced to retire early from the commercial airlines companies.I cashed in on my 401K in 2020 without it my entire family would have really suffered great hardships.
    166
  360. I look forward to owning nothing and eating ze bugs
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  361. Embarrassment? Homeowner with mortgage, property taxes, etc, "owns" that house as much as renter owns the property that he calls home.
    166
  362. My friend used to live in a Crappy apartment, which prior to his landlord's last rent increase, was $475 a month. The apartment complex, I am being generous, was sold to an investment firm. Without doing any renovations or improvements and one month notice raised his rent to $1275 a month. That's just one real life example of how investors operate. I feel no sorrow for real estate investor's. In fact I celebrate these evil corporations or individuals getting what they deserve for profit at all costs and don't give a crap about the lives that they put into homelessness and poverty. Crocodile tears!
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  363. My heart goes goes out to the guy who just cant scramble to buy even a two million dollar home… so sad…
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  364. They will sell you, they won't tell you.
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  365. Homeless. No property taxes, no home or auto insurance or maintenance, no HOA fees, no wining and dining women that don't like you anyway. The list goes on and on. 😂
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  366. I work as a nurse for the VA. Our HR employee all work at home and takes them 10 months to hire a nurse. Lots of issues are not resolved because they don’t have to deal with upset employees walking into the hr office. They hide at home doing less than then bare minimum.
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  367. Yes, screw them. You know how much they paid for that house right? Home flippers are just trying to double their money
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  368. Ok but we want deflation on HOUSING
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  369. Use taxpayer dollars to help someone who can’t afford a house to buy a house. How very 2008 of them. Who’s doing repairs, property taxes, insurance, maintenance, replacing the A/C, replacing appliances, water heater, etc etc? It’s pretty pricey owning a home.
    162
  370. I'm from California and see these whiners/entitled so called people all the time. Just keep it 100% that's why I am here and the majority!
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  371. When I bought back in 87, Naples was a sleepy beach town. You could get a nice 3br, 2 bath, two car garage and maybe a small pool, ranch style home, a block from the beach for around $175k. Those homes are now going for close to three million.
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  372. In Florida you have Ron DeSantis... here in California we have Gavin Newsom... you win!!!!
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  373. They can raise rates to 10% and it won't matter. The government spends way too much money to fight inflation.
    160
  374. Cars, houses, and even mobile homes are truly overpriced. Everything needs to be back to reality. It actually nice to start seeing cars are now depreciating in value as they should. As always, keep up the good work! I truly love it and enjoy watching daily.
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  375. The American dollar is nothing more than a food stamp. That's all the paycheck from a full time job will buy you.
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  376. Elder Gen X here. Much of this was caused by "helicopter" or even "bulldozer" parents. Yes, some of these were Gen X parents who should have known better. I see teenagers everyday who do NOTHING. They don't do much at school, no sports, no music, no job, no chick, just video games, and "adult entertainment." I hope I am wrong, but more than a few will most likely never change unless they totally run out of money.
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  377. Fact: we don't have the infrastructure or the power grid to handle a majority of the people to drive an electric car.
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  378. Yep left for Italy in 2021.. you can get citizenship by ancestry. Will fight tooth and nail to stay here, like my Italian grandfather fought tooth and nail to make it in the US. I don’t think he’d blame me if he could see what’s happening
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  379. Awesome video, as always! Your effort really stands out.
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  380. I don't believe the unemployment numbers.
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  381. I used to be a financial advisor over 20 years ago. Do not be impressed by people you see driving luxury cars and living in large homes. There are many people who live like this that have NO money saved up. They make earn a good amount of money, but it all gets spent. They are one job loss or a large medical event away from being in financial ruins! Great video with lots a good content.
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  382. I'm personally tired of the reason for not buying a house is the interest rate. It's the AFFORDABILITY that is the #1 problem of any purchase. A quick story. My 1st and currently only commercial loan was for a commercial truck. In 2014 I was only at a 680 credit score (not good) my interest rate was 12.5% back in 2014. I financed for 6 years, the payment was $4997/month. The amount financed was $235k. I paid that off in 5 years. In my years of buying things via loans, the interest rate really only effects the bottom line if it's carried to term. However, if the purchase price is so high that you have no choice but to carry the loan to term, the purchase price was to high. I purchased a car hauler in 2014 for total sale price of 285k, now that same truck and trailer is 425k to 450k. And this is a depreciating asset. Crazy world
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  383. I live in Florida and just by coincidence I called today to cancel my auto insurance with Farmers. I didn't hear the news about them pulling out of insuring everything here in Florida. I might have suspected something was up, because they had increased my auto insurance renewal by over a $1000 of what it had been. And I hadn't made any claims and have an excellent driving record.
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  384. Don't do it people! Condos and Town houses make absolutely no sense unless you are rich. The association fees are ridiculous and of course only go up. 😶
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  385. The economy is great and men can get pregnant. What an awesome time to be Americans ❤😂
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  386. ITS BECAUSE WE LIVE IN 🤡🌍
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  387. To live in California you need to make 441K a year not 41K.
    156
  388. If they want my business...make it reasonably priced. It's amazing how many things my family can do without.
    156
  389. These 1% loans seem like they’re designated for people that will fail
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  390. 20 years ago I would walk into Panera's and order 2 sandwiches. I would hand the cashier $20, get a buck, and change back. Today I handed the cashier two $20s and got a few pennies in change back
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  391. Investors are buying the mobile home parks for the land. Eventually the owners of the land will sell that land and tell the mobile home people that they have to get out. The land will then be used for commercial or expensive homes to be built on. I've seen it here in Florida for many years now.
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  392. Everyone is tapped TF out. 🇺🇸
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  393. Before I paid $15,000 per month for that house I would live in my car too (regardless of my income).
    155
  394. My wife works at clothing store -- big name on the upper end of retail pricing --- every single day she comes home and tells me stories how people are stealing stuff, and it's not just your typical dirt bags, it's upper end people, old ladies, seemingly people looking well off, etc etc. Makes me wonder how many people out there have been faking it with their houses and cars and boats and other worldly crap.
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  395. Generally, if the government says do one thing, you’re best off doing the exact opposite.
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  396. As a self-employed person that has never taken a handout and also pay for my own food, these people make me sick. I drive an old vehicle and live within my means and to watch my hard-earned money inflated away to the point I fear having enough to live on in my old age. Let these people fail and learn to live within their means and not spend money they don't have on things they don't need. I also believe a total collapse is coming and the longer we kick the can down the road, the worse it will be. We have flat out turned into an evil and totally corrupt country in my lifetime on all levels. The good, honest, hardworking people of old will pay the biggest price, we always have.
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  397. GDP surged because they don’t adjust for inflation. People spent more, but bought less.
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  398. I remember a few years ago thinking “wow I’ll never be able to afford a home (even as a solar sales manager in socal) so I start looking into mobile homes and realized I couldn’t afford that either.
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  399. We need ROBUST legislation to control HOAs and hold them accountable.
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  400. I own a collectible online store. Its a side hustle. I typically buy in bulk from people. It's simple cash and go. I've been stopping at garage sales on my way home from my business, and HOLY SMOKES. I have NEVER seen so many collections, and people are willing to drop and drop the price the more you buy. Right now, cash is king more than ever.
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  401. Florida was full 20 years ago.
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  402. Most of us are one paycheck away from homelessness. One little thing goes wrong and you're done. It's scary as hell.
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  403. Most items in my grocery basket have gone up 200 - 300 %. Fact.
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  404. I was a kid in the 50's, shoes were bought 2 sizes bigger, jeans 3 sizes rolled up cuffs, torn shirts sewed up worn to school ,eat what's in front of you, work hard ,study hard, shut up and save for a rainy day.
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  405. I feel bad for anyone trying to buy a house anywhere. So hard for younger people to buy, and older people to stay. Something has to give😢
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  406. Iff I Can't afford it in CASH, I Don't Deserve it, and Won't get it !!!! Great Advice Michael !
    151
  407. I hope Hollywood producers are preparing the “big short” part 2
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  408. How can people say that you're negative when you just say it like it is. I appreciate hearing facts about the economy. Please continue to keep America informed. Michael, you know the haters gonna hate. You are a winner!!!!
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  409. Don’t take a reverse mortgage. DO NOT. My brother did that in his old age. It was disastrous.
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  410. My electric bill has doubled,but inflation is going down,ya right...
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  411. Michaels videos should be mandatory for highschool and college students
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  412. Who can afford to rent at these prices? Maybe that is why so may people are now homeless, the working homeless.
    150
  413. In Hawaii, you can't buy a shed for 350K.
    150
  414. I gave up on EVs 3 years ago. EVs are a bust. Beside being expensive, they are very dangerous, thanks to thermal runaway. They will even burn underwater.
    150
  415. They should of never allowed foreign countries to own land in the country.
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  416. It's a lack of self-control fueled by impulsive personalities.
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  417. I BELIEVE we're being lied to & the economy is in a free fall. Some folks have cognitive dissonance & WANT to believe we're in the best economy ever. 😂 These folks are nuts...
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  418. I’m a boomer. In 1967 I had my first communist teacher in an American school. He was young and fresh out of college. He was teaching us the communist manifesto and calling it the American constitution. I tried to inform my parents who didn’t believe me and called me a rebel. After ninth grade I dropped out because the education was gone,replaced by indoctrination. I made the right decision, I did well because older people taught me and I respected them. I have no debt and live well for now but realistically expecting a planned disaster. What’s happening now is a planned destruction and most of us have been played by the leftist long game. Communist when I was a kid boasted they would hang us with the rope we purchased on credit. Looking like they were right and young people now haven’t a clue what’s being done to them. Voting for free stuff is going to end badly. Those who believe they will come out on top for betraying the others will learn they won’t be needed anymore and find themselves in the pits with their victims. Historically it happens every time.
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  419. Coming from Florida. People that refuse to learn English is really annoying. They expect you to learn Spanish. This isn't racist. I don't move to Foreign Countries and demand that everyone learn English. I get calls on my phone from people speaking Spanish. Please, if you want to live here, learn our language.
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  420. The moral of this story is to live below your means
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  421. Yup, no incentive to buy a mobile home when lot rents are that high; makes zero sense
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  422. Utility bills are creeping up too!
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  423. What the hell did they expect when you don't pay.
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  424. I have worked permanently remotely since 2020 and I do literally thank God for this every morning! I barely drive my car and have to make a point to drive around on the weekends to keep it running well. I have zero incentive to buy a new car. Instead, I rent a car occasionally when I need a nicer car for a road trip, etc.
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  425. Sure,...the economy,business,..and real estate are broken now,..but,...I am more concerned with lawlessness,fentanyl,and the complete breakdown of morality.
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  426. I think the novelty of AirBB has ran its course. I’ve stayed in over a dozen of them in my travels over the last few years. My partner insisted we use them over hotels. They are definitely hit or miss and when they miss, it’s BAD. Ruins your vacation. From now on it’s hotels only us.
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  427. Those people who got bought out dodged a very large bullet here. My grandmother used to tell me, own the dirt. I don't care about the views, I'd rather own the dirt.
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  428. I think if you have a strong work ethic in the office you have a strong work ethic outside, i.e. WFH, and vice versa. A lot of office environments are toxic - too much micromanagement, too much gossip. That's a real productivity killer. For parents who don't have the child care concerns, working from home reduces absenteeism. In my opinion, if a job can be done from home, it should be. Nobody likes to be micromanaged, and adults should be able to understand what the key performance indicators are regardless of where their desk is, and continue to meet them.
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  429. Well said. I’ll never make fun of people struggling
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  430. From my experience, even serving on an HOA board, HOA rules are B.S. All that the homeowners need to do, to change the rules, is walk around a petition.
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  431. Michael…you have evolved from a broker to a consumer advocate. Great job!
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  432. You should do a walk and talk while strolling through a homeless camp in Miami...just to change things up a bit. I get tired of looking at Mercedes, Land Rovers, BMWs and multimillion-dollar homes all the time. It's depressing for a peasant like me.
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  433. Hard to feel sorry for them when they are part of reason prices were driven up to ridiculous heights...
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  434. After being in the mortgage lending side of banking for 38 years I can tell you many , many of the people who want the big fancy home , nice cars etc. , have little reserves . They like to look the part but many are worse off than people who make far less but dont spend it . Live below your means is the key.
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  435. I've wondered about this exact problem for years as far as normal job people being priced out of a city. Who will run the water systems, who will plow snow, who will collect trash, who will work retail, who will serve in restaurants, who will bartend. I understand people can move farther away, but eventually they will have to live so far away that they will just work somewhere else. Many Can't afford to buy, and can't afford to rent near some of these cities. They have all just become playgrounds for the rich, but eventually when there is no one to serve them drinks, or work at their country clubs they'll realize. The whole thing seems so unsustainable to me.
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  436. We're moving out of FL as well. Our homeowner's insurance increased almost $1,000 a year and our property taxes went up as well. Our car insurance is ridiculous, $4,000/yr. The state we're moving to is going to be so much more affordable. Bonus.....we're moving closer to our grandkids. See'ya FL!!!
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  437. Asking a Realtor if it’s time to buy a home is like asking an alcoholic, if it’s time for another drink😂😅
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  438. it's the prices.... period 😔 of everything.
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  439. I got laid off in January. I am taking early retirement!
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  440. Thank you for addressing the non-legal crisis that the US taxpayer will fund.
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  441. We sold my mother's house in March. But me and my brother we in agreement that we did not want to sell in investors, even though we might have gotten about 5-7 thousand each extra. We wanted the house to go to a family. So that is what we did. We pushed off all investment offers, and went with a family. We felt that we were already blessed with the high market value and the fact the house was %100 paid off. The house had also been her father's house. There was no way this was turning into a rental or airBNB.
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  442. Two homes I’m looking at had 40k price cuts today in a newer neighborhood. My realtor wants me to jump on it but I’m like “nah I’m going to wait it out until they drop it another 30-40k”. Patience is key.
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  443. I'm retired and work everyday doing something on home or property it never ends.
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  444. Who in their right mind would even consider buying a home for $2.25M knowing that is sold for $850,000 literally 2 years ago. Folks it's just not Seller greed but moronic buyers.
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  445. EV massively expensive repair/replacement costs are causing ENORMOUS losses for insurers.
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  446. The American dream: Home, Family, Retirement. Pick two. Soon to be one.
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  447. My happy ass is moving back up north when my lease is up. Been here 5 years and it’s just too crowded. You get terrible service everywhere you go and not to mention the idiotic drivers. Sure the beach is nice but the cost of living has went up 50% since I first moved here. I’ll go live with my family and wait for the inevitable correction.
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  448. From Australia, it's a global economic phenomenon. For example, Godfreys an Aus vacuum cleaning store has gone into voluntary administration. 93 years of successful operation.
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  449. The actual hard working class poor folks getting burnt and buried..And I've been frugal for the last 14 years after a 22 year marriage..America dying..
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  450. This is a fact Michael, a recession is when your neighbor loses his job and a depression when you lose yours. Thanks for your hard work
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  451. I’ve learned once my wife and I got ahead not to take our foot off the gas. Keep pushing while you can because some day you won’t be able to. You can never see the curve ahead in your life that can slow you down. Thank you for your videos!
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  452. My HOA is pretty intense. They have so many rules you almost need an assistant walking around just making sure you don’t violate one of the 99,999 rules. I will say, in 5ish years or so when I move into a new home I will not be moving into an HOA community. And this is coming from a guy with 0 violations.
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  453. Real estate market crash is unstoppable
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  454. I've seen it so many times. Bartenders,Waitresses,Dancers, make great Money. And then the window shuts. Aged out. No career and the looks are gone. And didn't save a thing.
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  455. At my employer they asked employees who would prefer to work from the office. 1 out of 420 wanted to go back to the office.
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  456. Real estate agents only care about themselves, not you. She won’t be able to refinance for a while. She’s underwater! Terrible advice.
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  457. I can’t imagine the economy not slowing down. The fact is so many people are priced out, with many more on the verge. A small percentage of Americans being able to thrive doesn’t make it sustainable. Waiting for the first domino to fall. 💯
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  458. The rich class lives in their own world wearing their pink glasses and don't see what is happening in the real world out here !
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  459. I hope people do not rush back into the market. Too many people decided they need to own homes when they did not understand the consequences.
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  460. Brian is completely out of touch. People are burying themselves in debt. Everything has gone through the roof. Another great video, thanks Michael!
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  461. None of these yahoo's running for office on a federal level even talk about reducing spending.
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  462. I'm more worried about the number of terrorists that slipped in with the rest of the 10 million criminals...
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  463. Congratulations with your 300k subscibers Mike! So well deserved. Keep the news coming and your channel growing🎉
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  464. don't listen to the critics Michael, you're not a doom and gloom podcaster, you're just a realist and keeping it real with us. Truth sometimes can be hard to sallow for some people but the truth is not a negative thing, what's negative is when people hear the truth and do nothing with that information.
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  465. I can definitely believe that people who are forced to return to the office have higher burnout rates and higher stress levels, especially people who have to go in every day. From commuting alone, that’s like 20 hours that you don’t get back, high levels of stress from dealing with traffic, and extra money that you have to spend on transportation and likely on food.
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  466. Michael, anyone that follows you knows you don't have to explain yourself. Ever. Just do what "YOU" do and your 'real' viewers will be on board. Your content is fabulous and you've made it clear when discussing your area that 'local' factors apply. I don't care where anyone lives these TIMES are going to get us all. Not only in real estate. Other local factors will apply. Keep waking people up.
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  467. Keep speaking up for the common folks Michael
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  468. The same thing happened in Atlanta, Georgia. A female 7:42 sergeant came home from her tour duty and had a squatter living in her home. It took national news for the police to finally evict him. That was in Atlanta, Georgia. This is happening everywhere now, and it is terrible! It doesn’t matter if it’s a blue state or red state. This should not be happening at all.
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  469. As a 78-yr-old boomer trying to live without debt on fixed retirement and SS, I can't imagine going on vacation on credit. Nor would I cash out some of my gold to vacate. (It's for a rainy day.) When I can afford to vacate, it's usually driving 100-200 miles to the beach or mountains. I enjoy exotic places vicariously via the internet.
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  470. Nick is the most data driven guy of all of you guys. You all provide a different perspective and area of expertise. Glad you got together.
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  471. Over crowding and inflation ruin every nice city / town
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  472. It's frippin outrageous the prices on homes across the country.
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  473. If the consumer was doing so well, then credit card debt would be decreasing, not increasing exponentially.
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  474. sorry but inflation did not cause 20 years of deferred maintenance. Homeowners deciding not to maintain their building created 20 years of deferred maintenance. I have a townhouse and my fees are relatively high, but we have a consistent capital reserve account.
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  475. Cut cable, magazine subscriptions, membership fees, eating out, Amazon Prime, cut your yard yourself, wear your old clothes another year, delay home improvements, don't donate, and buy only one bottle of cologne. You can cut cost when you have to. You can eat cream of wheat all week or make a big pot of spaghetti and eat off it a couple days.
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  476. The local Home Depot in my south Tampa neighborhood is mostly empty despite the fact that we’re almost in summer time. Economic activity is down, ya’ll.
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  477. I was early at Home Depot this morning and waiting in my truck for them to open. I watched Boomer after Boomer pulled up for their shifts. They all looked to be in retirement years…
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  478. We need to keep government out of it. Federal Reserve needs to get rid of all Mortgage Backed Securities from their balance sheet.
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  479. Nice to see your Dad. Cherish him always!
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  480. Our government is supposed to be servants of the people but live in multi million dollar homes protected by private armed security while we fight to pay for a home or apartment to live and money to buy groceries.
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  481. As a trucker i despise this time of year. So many families even in these tough times are out here running around the country, buying all kinds of Chinese products cuz their brats are screaming at the top of their lungs. I really thought it would slow down a lot more than this. They'll learn soon enough.
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  482. Housing needs a hard reset on value. Those prices are a pipe dream.
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  483. America is in a mess financially, socially and morally
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  484. Michael there are no jobs for people that are old. COVID killed us. We haven't recovered from that yet. The rich got richer, and the poor got poorer. There's only so much a person can cut out. People on fixed incomes can only stretch their money so far.
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  485. Sir..This is happening because,of the Homeowners Insurance Crisis also went from 760.00 in 7 yrs to $5070.00 per yr..Being a Floridian this disappointing and disgusting Greed..meanwhile push people out of their homes..I’ll be 62 in a month and this is really disturbing..I now will probably have to sell and will leave here because of this ..I can no longer go out to eat or have Christmas for just buy clothing..Buying groceries is a problem..My bills have been late..My payment went from 640.00 to $1046.00 per month..Also,if my car needs maintenance..or home repairs..no longet..Think about it sir…Sunshine state is no retirement friendly!!!
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  486. If the government is helping you, it's never going to be in your best interest.
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  487. As I watched the start of your tour in Torrance, I thought that those houses probably were built in the 1950s because they look similar to the house my parents bought in Orange County in 1956. Here’s the sad thing. When those houses were built, a factory worker or younger white-collar worker could afford to buy one of them.
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  488. I lived in Florida for several years. The expenses of homeownership, taxes, and insurance are just one of many reasons to avoid moving there.
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  489. I have owned condos and houses. When you have an HOA, you must be prepared and committed to spending the time to stay informed and be involved, go to the meetings, read all the documents, vote on the proposals, run for a rotation on the Board. Otherwise, things will get voted in or out that affect you and that you're not happy with, or fraud and embezzlement will go undetected. I found it way too time consuming, like a full time second job. So no more HOAs for me!
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  490. My wife and I lived in a mobile home park for 18 years. Rent was $210 a month, and it went up $15 every year. The owner, a sweet old lady, ruled the park with an iron fist. There was law and order. We loved it there. When she passed and her nephew took over, it quickly deteriorated, and he didn't even care. It got so bad that there was even a shooting in the park. We moved out. Wife and I make close to $200k a year. We bought a waterfront lot in Port Charlotte and have elected a contractor to build our house. We will not need a bank. The sacrifice was well worth it. The institutional investors will gobble up these parks, offer the owners pennies on the dollar and build apartments. Much more profitable. Municipalities don't like these parks because of hurricanes and I don't blame them. In Florida, it's illegal to relocate the homes if they are more than 20 years old.
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  491. There are far more risky loans now vs 2006. Nothing more risky than a mortgage written on a 2MM home that was just 500K 2-3 years ago.
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  492. Have you seen car insurance rates? Car insurance in Vegas has skyrocketed. Mine went up 37% in January and is going up ANOTHER 17% next month. That is 54% in 6 months time. I am older, no tickets or accidents, and only use it about 7k miles a yr. It's absolute insanity and is a crime against humanity what they are doing to people.
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  493. I lived in an HOA and wanted a few hens for eggs. They were not allowed and they would not talk about it. Some land directly behind our house and bordering the subdivision became available and we bought it. It is unincorporated and there are no rules so I got my chickens and a rooster too. They also controlled how big gardens could be. We eventually sold that house and built a house on the land. We also enjoy bon fires, a huge garden, and letting the grass get a little long if we are busy. It was glorious to learn the HOA called the city to complain about my chickens and they were told there is nothing they can do. 😂
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  494. Here's a great example of inflation in Florida. I lived on Clearwater Beach a block from the beach before the pandemic. I lived in a one-bedroom apartment with a screened in porch overlooking the intercoastal. I paid $900 a month all included. After the pandemic they kicked us all out which was only five Apartments they did a little Remodeling and now those same Apartments go for over $300 a night
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  495. Im a house flipper. We have done almost 100 houses and right now am not buying anything in this falling market. These greedy sellers are out of their minds. Im seeing houses that have been listed for over a year sitting with no deductions. Im seeing houses people paid 200k for and asking 1.2 million 2 years later. I hope they all go bankrupt. The greed is intense in this falling market.
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  496. You two work together better than any two others on YouTube. Like to see more of this. Thanks
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  497. Just say no to fractional block chain home investments and sponsors. Let's bring back the American dream of homeownership
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  498. Something is wrong with this world when rent for a house is more than most people's total income! Crazy
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  499. There's more than a million people living fulltime in RV's. It's generally a pretty economical way to live.
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  500. My son is living at home. He is 30 years old. Rent is to damn high for CNA. Working all day and still can't afford shit. He went back to school for RN. He almost done with school. Thank god.
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  501. RIP Sam Ash. RIP Red Lobster..... A lot of companies were partly responsible for putting Sloppy Joe in play, they deserve to go out of business, Target 🎯 being at the top of the list. Beautiful scenery there in Miami.💜
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  502. The system is screwing us over every time we turn around.😢
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  503. If these people can't afford their car, do you think they are paying for auto insurance? Hell no! That's not good.
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  504. $25,000 a year in property taxes. That's insane.
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  505. It’s not the interest rate. It’s the overinflated cost of housing.
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  506. This is so sad especially with retired people on fixed income🥴
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  507. Everyone in my family and most friends don't have a degree and they're all doing very well financially. One of my bro in laws makes $250k a year. The rest of us make between $90-$200k. It's because we're all hard workers and we take great pride in how good we do our jobs. Easy money is only easy when you fleece people which I've ran into quite a few times in my 61 years. Another fantastic video Michael. Let's help him get to 1 million subs people. He deserves it.
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  508. People immediately jumping for joy thinking these bank collapses are just going to affect "the bad guys" and that it will only be good for themselves as far as "finally being able to buy a cheap house" have no understanding of macroeconomics or the bigger picture here. I agree irresponsible, greedy entities should fail but their "loss" is not going to automatically translate into a "win" for you.
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  509. I feel your frustration. Not so long ago, that would've been MY rant. When I first moved to LA in the 1990s, I got an apartment 1.4 miles from work, thinking it'd be an easy drive. On a good day, it took me 45 minutes each way. Seven, eight changes of a traffic light before I could get through an intersection. I got a bike and made the trip in under 10 minutes, but angry/careless motorists hit me three times, nearly killing me the third time (one was carelessness, the other two clearly intended to hit me, the third one being a woman in a Range Rover who tried to slam me into a tree and actually bent the bike frame in half. LAPD didn't ticket her). Public transportation? A bus ride meant six changes of buses and the trip took me nearly two hours. After that, I walked, and every day, the same LAPD patrol partners stopped me. I asked them why they stopped me every day and one cop said "Because you're walking and that's a suspicious activity. Don't you own a car?" Miami has a long way to go to equal or exceed that level of crazy. My last five years there, I lived in Beverly Hills and never went anywhere. Groceries = Instacart, car stayed in the garage, walked to work (the BHPD doesn't consider walking a suspicious activity). This is why I've chosen to buy a house in a SMALL town with no traffic and nothing there but houses, a gas station, a Pizza Hut, and a grocery store. Will it be boring? God, I hope so.
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  510. When I was 22 I bought my first home in a garbage area of North Hollywood for $160K. It was so ugly my realtor didn’t want to show it to me. Cat urine stained carpet, dust covered drapes and wood paneling. Former owner was elderly and died inside. At the risk of sounding like a sanctimonious Gen-x cretin, there are many young people who want the Instagram perfect “open concept” turnkey home instantaneously. Something to keep in mind when housing bottoms. No shame in buying an ugly home in an imperfect area that holds potential and putting in some elbow grease to restore it.
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  511. Corruption at its finest.....reckless behavior.....period.
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  512. It is sad that we even have a homeless problem to begin with.ukraine just got another $50 billion dollars.😢😮
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  513. This Can No Longer be Tolerated in any City or community anywhere in the U.S. Enough is Enough !
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  514. It's incerdible that they held out for this long . I still am seeing articles today even saying that if we didn't buy into the housing market within the last 3 years we are going to be on the wrong side of the wealth transfer. Made me furious. These are desperate times for them and they will say and do absolutely anything to keep the lies going.
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  515. I can't get excited about a 10K or even a 50K price cut when houses went up by 200-300K in the last couple of years
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  516. There's no end to this type of corporate greed
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  517. Rent is going up. Real estate tax, water, gas, heat, electricity, etc us going up. Everytime i turn on lights, stove, the shower, flush a toilet, run the washer, drier, i see a taxi meter rolling in my mind.
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  518. I agree with you buddy. The Gov is totally wack🎉 we're dug in and prepared for whatever comes our way? I sold a beautiful ranch next to an interstate. I knew there was no way to protect it. My family freaked when I moved everyone out of the state into a hidey hole in Oklahoma. Dug in and prepared. What a freaking nightmare
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  519. I'd love to see more videos of this type, Michael. Well done. These are topics that need to be discussed, and they're all interrelated with why our country is in the state that it's in.
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  520. Even when people were flush with stimulus money, retail thefts in CA were way up because CA decriminalized shoplifting from a felony to a misdemeanor. This is one reason Walgreens shut down in San Fransico.
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  521. I used to live in a Townhouse Community, I went to one of their meeting when I confronted the community board asking where the money was going, I turned into the Community enemy. Never again HOA community for me. We need more Carpenters, Plumbers & electricians.
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  522. Every occupant of every high rise in Florida is having very serious concerns.
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  523. It's crazy to think our country is headed down the crapper. It wouldnt be so bad if the fed wasnt involved since 2008
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  524. Well I guess that everybody needs to clear out for Hurricane season, since the entire state of Florida is becoming uninsurable.
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  525. Condo association is a microcosm of our government. Cause problem and the solution is give them all your rights and money.
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  526. I absolutely HATE HOA's. Will never live in one ever again.
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  527. If you need 1% down then you have no business getting a mortgage. People need to save and be financially responsible. Sounds like a financial disaster.
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  528. We had a baby born during Covid, I buried myself in debt to provide for my family with the same level of quality and am just starting to get out of it. I swear the timing of these economic events are terrible for my generation. graduated high school in 2000.
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  529. I will never buy a home in a HOA! They can put liens on your property, and the dues are like a mortgage.
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  530. I bought a house in Clearwater a month ago that was uninsurable due to settlement cracks in the garage and old roof. While I was getting the settlement issues resolved (engineering, permitting etc.) hurricane Ian hit. I prayed that my 20-year old roof would survive the hurricane. I didn't even have hurricane shutters as it was too late to order them. I thank God every day for saving my house, we didn't even lose power!
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  531. Florida’s insurance issues have altered our retirement plans drastically. We had planned to buy and settle near St. John’s County to enjoy the beaches and atmosphere of the St. Augustine area without being right in the storm surge zone. But now we’re not comfortable with the ever increasing taxes, insurance and crazy rules like the 10 year roof stuff. Thanks for educating us on all this. Now we’re looking at coastal Georgia and South Carolina.
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  532. A lawyer told he left Florida with a million dollars. Problem was, he arrived in Florida with two million dollars.
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  533. It's not just "inflation", Mike. It's price gouging by monopolies.
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  534. I’m older: I’m a former borrower in recovery. Now I am able to repay consumer debt in full each month when billed. Whew!
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  535. It seems that we are running out of hope for our economy. So much negative news it is depressing! For those that have a stable job,have no major debts and are able to pay bills with no issues you are blessed! Be grateful and stay strong!
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  536. Something like this could also happen to people who live in a house but work in a high rise office building that could collapse. Or a house destroyed by a sinkhole, which has happened more than once in FL. Life is full of risks. However, in a condo, you probably have less personal control over what the association does with structural maintenance issues, which is kind of scary.
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  537. Michael is one of the few (maybe the only) real estate agent who would talk a client out of buying a home,.....if he thought they were making a mistake. Obviously, his parents, who we met in a previous video,....raised him with morals.
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  538. I would love to live in a van by the river but my wife and kids aren't keen on it😂😂😂😂
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  539. All by design. Blackrock wants to benefit when people that shouldn’t own homes lose their homes.
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  540. Just paid off all my card debt and only have 5k worth of debt to my name!
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  541. I told my daughter to live at home until she finishes her training, gets a job, and then saves up enough to make a huge down payment on an affordable home. It's about being family and supporting each other through life's challenges. I feel sorry for the kids who blow that opportunity with expensive hand bags and absurd luxuries.
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  542. The last i know, the boycott was working, truckers are charging 30% more.
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  543. It was shit then It is shit now.
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  544. It's not just the mortgage rate, it's a property tax rate, it's utilities, it's the property insurance, food costs, car payments, the average person just can't do it all, especially at these inflated prices and realistic mortgage rates
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  545. Some people are so selfish that they don't care about people less fortunate.
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  546. I was in a department store last week and I was shocked at the low quality of the dusty old clothing they had on every display. It looked like a rummage sale and this store used to display really nice stuff. The end is near.
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  547. And McD's needs to just call it quits. They have seen their best days!
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  548. Sad to see Boston Market go out of business. They serve a good homecooked style meal for a relatively affordable price.
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  549. As everyone knows Florida is 9% of the US home insurance claims but 79% of the lawsuits. The billion dollar settlement on the Surfside collapse was the nail in the coffin. Why aren't there any stories about the law firms bringing those lawsuits?
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  550. My dad impressed upon me his experience with the great depression. He worked(railroad) at every opportunity. I asked him late in life what he felt he had accomplished. "I raised 4 kids" he said. He had his priorities straight and didn't take things for granted.
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  551. You don't have to justify your choice to do paid sponsorships. You bring good information to people, and it takes time for you to put it together, edit and present it to us.... FOR FREE. If a person can't understand and appreciate that we can watch, learn and be entertained by you on someone else's nickel and see the value in that, well all I can do is shake my head. As long as you use sponsors you believe in, then I'm fine with it. Side note, my 95-year-old mom has dementia and only certain shows will hold her attention. She likes watching you with me, I think its a combination of the scenery passing by behind you and the level of your voice. She will nod her head and talk back to you occasionally which is so cute! :) So keep doing what you do, ignore the complainers. You not forcing anyone to buy anything, you just letting them know about the product.
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  552. I laughed when $420k was called affordable, but I get it compared to South Florida prices. I moved from Miami to Alabama in March & the decision feels better & better each day. Just bought my first home, $130k for 2300SF! I guess I’ll just be a Miami tourist from now on 😢👍🏾
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  553. Don't forget about shrinkflation. Pay more for less.
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  554. The roof replacement insurance fraud should be investigated and prosecuted.
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  555. People need to start understanding the old days are gone
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  556. Mitch is one of few that are actually doing something about the property taxes and the Mom and Pops. Important man, God Bless
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  557. Nobody can realistically absorb 25% increases
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  558. Thank you Mr. Bordenaro for continuing to highlight the gravity of this issue. My elderly mother lives in a regular house in a non-fancy zip-code. Her insurance renewal for July, is $7,800. I am spending about $50K, (teacher's salary) replacing her roof and installing the impact windows/doors. All this, to get that insurance credit. She can not contribute as her ssi is not substantial. My heart goes out to the many elderly people, who are on a fixed income, and may end up losing their homes due to the yearly jumbo costs.
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  559. Patience is the word. I remember in 2005 and 2006 asking myself why the bubble had not burst yet. I think it always takes longer than is logical , tough to time it though.
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  560. I always worked a daytime job and worked an evening job for at least 3 days a week. It's not that hard to do. I didn't do it to pay college debt, I did it to pay child support. Which by the way, child support is not like college debt. If you don't pay your Child support payments a county sheriff will arrest you and haul you off to the county workhouse. Trust me, one trip to the county workhouse makes working an extra job a cinch.
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  561. LOL Pandemic FOMO! Buy high, sell low... Seeing lots of those homes on the market at a major loss. Thanks Michael and Happy Monday!
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  562. They have not only raised prices on food dramatically, but the packages are also smaller.
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  563. I'm greatful that my house is paid off, but I get anxiety just seeing what these homes cost and rent for.
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  564. Bought a small corn field in Massachusetts, built a modest home — tax man came in quick and hard!! Love the Florida scenery —Keep up the good work Mike. Stay positive
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  565. We love you Michael for keeping it real!
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  566. I wish we could put an end to the narrative that home ownership is the American dream. For many it turns into a nightmare.
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  567. I feel like new construction homes will pave the way for future homebuyers, especially for first time buyers. Existing home sellers are still living in lala land and think they can get summer 2022 peak home prices.
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  568. Buying a house with multiple "friends"----what a terrible idea. 😨😱
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  569. If buyers don't do their research, buying a place in south Florida is like buying a Ferrari...it's not the initial cost but the insurance and maintenance that can financially cripple the uninformed.
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  570. I'm a senior citizen. My husband died in 2019. I got two stimulus checks and they took them back out of my tax refund.... They're talking about killing social security. Something my husband and I paid into our whole lives. My parents paid into their whole lives my daughter pays into. It was a pay it forward deal.. My husband worked so my parents could get social security. Now nobody wants to make sure I have social security. I'm against any free money. They can just stop that right now because I'm the one paying it.
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  571. Doesn't surprise me. Everyone (well almost) is looking to impress people at intersections in flashy new cars. Funny thing is no one cares and you're just wasting money to impress people, that truly don't care. For credit card debt, quit buying seven dollar lattes, designer shoes, and clothes. Quit living beyond your means. In fact live well below your means, save and invest for your future.
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  572. About time. These prices was getting ridiculous. It make no sense for them to get this high.
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  573. I work hard and save 50%. You have a choice and that's the most powerful feeling in the world. I seen a woman laughing at me in my farm clothes, she was riding in a BMW. I bet I have more money than her and I just laugh inside knowing where my joy comes from.
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  574. Our leaders should not have let big business outsource mfg They destroyed the middle class for profit!!😮😢😢
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  575. As a remote worker for past 7yrs, that’s mostly BS. Not being in office = less distractions = more productivity. Also, no one mentions you basically don’t call in sick when working from home, so that’s at least 1-2 weeks of productivity baked in for the employers benefit. IMO it’s just about their sunk building costs and control. Not productivity.
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  576. Home prices have been unaffordable for MOST for a long time, especially since incomes are not rising with it. Just because people are spending that much doesn't mean they can actually afford it. In my opinion, any house over 350K should be a frigging mini-mansion, not an ordinary 2-3 bedroom on barely 1/4 acre.
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  577. I really hope and pray this bill passes. The current un-affordability in FL is disgraceful. Tons of migration over the past 3 years and over 1/3 of the buyers have been investors. There is no affordable housing for the residents of FL, which then translates into not enough service people in the area. COMPLETE 💩SHOW!! There should also be a law that you cannot buy a home and use it as a short term rental unless you are a resident of the state. NY, CA, and IL have all enacted stricter regulations for STR, FL should follow suit!
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  578. I just wanted to let everyone know that I have successfully moved to Florida as of 11-2-2020 . I had $5,200 in savings to make the move. This can be done people! You just need a few dollars. Going from snow to tropical in a matter of 3 days in a car is unreal. Good luck to everyone else trying to make it also !
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  579. My problem with "tax return" money is it usually goes to people that don't pay taxes!
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  580. “What is driving this economy is people buying things they can’t afford” That is an excellent quote and so so true, Michael! The guys I work with are all completely maxed out on credit buying things that they can’t afford.
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  581. They don't want to use the shelters because they are not allowed to use drugs.
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  582. Yes, please continue to do your "Crazy House" listings segment. It's great to see these houses for sale that you come upon during your walks. The property tax graphs, etc are great too. This channel really works because you're talking real estate and finance while walking with these beautiful and serene backdrops. You keep moving in the right direction. One of my favorite channels on YouTube.
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  583. If you're wondering how they're going to take away your private property and you own nothing, this is the way.
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  584. This right here is the main reason why there is no affordable housing in the US. The developers are eating up all the currently standing homes to tear down and build the 10 million dollar home.
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  585. My husband has a small biz and they offered a loan but he refused, well because we didn’t need it. Good thing he did. When we went to purchase our home the broker told us that small biz owners were having a difficult time getting home loans because taking the gov loan made them look less capable of repaying the loan. Nothing the gov does to help is actually meant to help anyone in the long run.
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  586. Nice to see you two together!😊
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  587. Imagine being excited about being a homeowner and putting down that $100,000 on a house only to be told they want their bonuses back 😲
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  588. Enjoy your travels, and from my vantage point, a lot of people are digging their heels in and refusing to return to the 9-to-5 office grind, even if it means selling their home and moving to a more affordable area where they can get a job remotely and be able to make ends meet. There is a major Utility Company headquartered outside of NYC about to experience a large exodus, when they try to require all employees to come back to the office full time.
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  589. A few of my friends want to get a house, but they don’t even look anymore because they know it’s out of reach
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  590. I remember replacing a roof in 1996 at a cost of $2,100. That same roof now costs over $10,000 to replace!
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  591. I see more homeless people than ever. Eggs are ,7.00 a dozen gas, 5.00 a gallon. Rent 4000.00 and up. Cars ,100k plus.
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  592. This is totally unsustainable. Costs are prohibitively expensive. Society will break sometime.
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  593. Our new national motto: "Everything is FREE and no one is responsible for ANYTHING"
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  594. For my retirement I am undecided whether I would be better off with a two man or a four man tent
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  595. Round 2. Milton is headed your way, currently 180 mph.
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  596. I really feel for people. I've never been homeless, I can't imagine how one feels when facing it.
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  597. As a retired person I can say from experience that not having a rent or mortgage payment is the best goal. A paid off home by retirement time is so good. Having indefinite rent payments that continue to go up is not so great, financially speaking.
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  598. Doesn't matter what interest rates are, if people don't have a job then they can't pay their mortgage.
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  599. My mom and my sister essentially did this to "take a break" from their monthly mortgage payments, then didnt maintain the house and need to be emergency bailed out when nobody could pay it back and ended up needing to borrow 50k from me and a ton of work from me, replacing three floors, a deck ect... just get the house ready to sell, my moms plan was to sell it to a "we buy junk houses" sign for 140k when i stepped in, we sold it for 260k eventually after months of pushback and telling me it wasnt worth it, i cant believe how foolish people are, its so disappointing
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  600. I think part of the problem not being addressed is wages aren’t increasing at the same rate as costs and expenses. Inflation is simply added fuel to the fire.
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  601. Insurance is thru the roof as well. Most of the time electric vehicles are totaled out because it simply doesn't make sense to fix or would be more expensive than a new car itself. Insurance is using that as an excuse to skyrocket the insurance premiums for these vehicles.
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  602. I would never go back even if the dollar menu came back
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  603. Wife and I net well over $10k a month. We were looking to upgrade to a bigger single story home. We did the math and the number scared the crap out of us. 20% down, 30 yrs @ 6.5%, Insurance and taxes = over 5k a month for a mediocre built home? I think we will stay put in our home and enjoy our $1400/mo mortgage. No thanks!
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  604. Bro is a hard worker, pumping these videos out from scenic locations. A go-getter.
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  605. Congratulations on 5 years. You have been spot on since I have seen following you for a couple of years. I watch everyday. You always make them interesting, thanks, Jack
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  606. I don't think it is a good time for buying a people house. However, I think it is a good time to buy a chicken house and some chickens.
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  607. These “experts” claiming the housing market has bottomed have lost all credibility.
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  608. Michael, you have very nice parents. Enjoy them! Love your channel and I like seeing you share no BS facts. Where I live, some stores are closing, including lots of mom and pop shops. Inflation is killing the economy
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  609. You are 100% correct thanks Micheal
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  610. The association was charging 950 per month per unit. When repair time came they had no money. Where is it all?
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  611. Michael,...I retired a few years ago with a substantial nest egg,....and a wonderful partner.Many mornings when I wake up I feel like pulling the covers over my head and not leaving my bed,...The country that I knew growing up is gone,...and though it was never perfect,....it was never a complete disaster like it is now,...and it's only getting worse.
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  612. I live as a Minimalist, and don't have many materialistic items, and drive a 21 year old truck with 220,000 miles, Just living a minimal simple life in Florida and don't need fancy new cars or mansions, but I also been single my whole life, no wife or kids, which can be a big expense. And No debt at least.
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  613. They're not clueless, they are LIARS !
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  614. Hopefully people will start peacefully protesting every home bought by a corporation or financial institution. Every single one.
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  615. Sellers still don't realize that the buyers are gone.
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  616. I was so glad to sell my Condo in San Diego area. I got in trouble for keeping surfboard and bicycle on 2nd story balcony. No drying of wetsuit on railing. Really! Fortunately, it sold in 4 hours at a nice profit. Never again.
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  617. Inventory is exploding here in Florida and prices are coming down. Insurance, taxes, and HOAs are also a problem. Happy Monday Michael, Thank You!
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  618. They may be within their legal rights to claw back those bonuses but they are morally wrong on every level for doing it. The amount to be returned should depend on how long the person has been with the company. At 100k they should only have to return 50k at one year and so on. Pro-rated.
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  619. If I can get rid of the condo I’m in. I’ll never have another and definitely no HOA!
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  620. Yes and we also shouldn’t do bailouts for companies. Ever. Period.
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  621. 6:00 I think the new definition of "living comfortably" will include having electricity and running water, not being behind on your mortgage and property tax payments, and your car is not in danger of being repossessed, or its insurance being cancelled, and lastly always having a full stomach. That will be called living large in the coming months and years.
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  622. This is the exact reason I can’t move out. None of these jobs in my area pay 3x a month income smfh.
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  623. Fanny Mae married Freddie Mac and they had a couple of kids, named Foreclosure and Bankruptcy. 😂😂😂
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  624. My grandparents came here with everything they owned in one suitcase legally. No handouts, credit cards, or hotel stays. Maybe if we didn't ship our jobs overseas, not allow credit cards to charge over 30%, not have the company's run the government and most of all didn't allow an invasion and shipped everyone of them back we might have a country and a future.
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  625. Satellite radio turned into a joke, started having more commercials and advertising than regular radio. Instead of radio, I just listen to youtube in my car now and skip advertising when allowed.
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  626. It’s Not inflation it is a Depression
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  627. I got a 2.25% rate back in 2021. Gave it up because we needed to move AND HOA started to not allow renters. Hard pill to swallow!
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  628. I paid cash for my car 7 years ago. Cost me ~20% of my annual gross pay. It's all about living below your means and not above.
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  629. I feel like small, starter homes are never built anymore. My parents do pretty well for themselves, so they moved to Naples from Chicago right at the beginning of the pandemic, and they paid $650k for a new build that went up in value to about 900k by 2022. That was for a 2400 sqft home with massive ceilings and brand new everything. What happened to the new homes built in the 50s-80s that were basic, and built just to house us? I'm just scared watching this luxury of everything as a 23 year old who just started their professional career.
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  630. Michael you legit have one of if not the most legit financial channels out here. I just want to thank you for providing all of us with what you have deemed a realistic picture of what is happening in our economy!
    111
  631. Rent, vehicles and food continues to climb. I work, sleep, work and still falling behind.
    111
  632. HOA fees are too damn high!
    111
  633. I volunteer at a food bank. Lines are getting longer each week. Years ago, it was only 10-15 cars now there are still cars waiting 3 hours after opening.
    111
  634. I noticed that 40% of the positions could have disappeared and never come back after the virus in the county where I work in S. Florida. There is such as waste of bureaucratic do-nothing positions in government jobs. These 40% are the useless clowns that show up late, take a long lunch, walk around the office chatting or hypnotized by their cellphone, then they leave early. The lesson I learned from the lockdown is every county and local gov’t could easily operate without the 40% of the busy workers (Busy doing everything but work). The bureaucracies are redundant and unnecessary. I witnessed this first hand and our agency employs over 5K. The second lesson I learned is now that these “Busy People” got away with mediocre productivity, they have just carried the laziness and excuses into today’s market. Now they have teenage meltdown when it’s time to go back to work.
    111
  635. To me it seems like everyone, besides me, is a millionaire. Homes in my market are still going first weekend listed, well above asking. People are driving super nice cars. Did everyone win the lottery besides me?
    111
  636. Adjustable rate mortgage is basically a stupid tax. If you entered into an ARM then you get what you deserve.
    111
  637. Agreed! I'm in FLA and the insurance issue is adding to the problems is higher utility and taxes it's outrageous and intentional. I expect foreigners from a particular nation will be gobbling up everything they can find.
    111
  638. When it comes to the housing market and the economy, Michael is my favorite journalist and news reporter. Thank you Michael for keeping us updated
    111
  639. I bought a beach standalone house in Playa Colan, Piura Peru South America , surrounded by beautiful desert dunes, safe place, cheap food, easy access through paved road, nice family oriented people , nice all year around sunny days, no mosquitoes, no bugs, etc. 500 square meters - 5380 square feet , nice garden, nice kitchen, for just $150k.
    111
  640. Greed is out of control…it’s not inflation it’s greed
    111
  641. just stop spending beyond your means
    110
  642. Whaaaaattt?!?!? Awesome, seeing you 2 together 😂😂😂 Thank God that I am FINANCIALLY EDUCATED. YES there are LOT OF PEOPLE that are DETACHED FROM REALITY 😅
    110
  643. I went to go buy clothes for my son maybe a year or so ago from Target and I couldn't tell if the clothes were for boys or for girls. I asked a worker if I was in the right section and if the clothes had gotten mixed up, they told me no. I left and haven't went back since! Why would I want to put my son in a shirt with flowers and rainbows on it?!
    110
  644. I'm going through this right now with $74k salary in Connecticut, banks won't give me loans for an average house in Connecticut because its expensive, even though I could afford the monthly payments. Can't use FHA for 95% of Condo's in this state and there are many old houses that FHA won't approve. The institutional purchases of single family homes or even boomers with their ill gotten gains buying up property for investment purposes because they are bored and all of a sudden found their "calling" to squeeze even more out of the younger generation. But the corporate institutional buyers, man I hope Satan has a nice cozy spot for them in hell. Politicians won't make that illegal because they've giving all these companies fraudulent PPP loans and also companies like Black Rock were paid big money in commissions for "managing" the PPP loan program. It would be like cutting off their own hand if they did anything to stop the companies from buying 40% of available homes. Its so bad right now.
    110
  645. michael is like the red pill for the Housing Market. He tells you everything you need to understand and know about the Housing Market and Economy.
    110
  646. Most of the engineers in my team work from home and they say it saves them a lot in gas. Think of the reduced wear on the auto. It is nice to work from home sometimes.
    110
  647. I have a friend who just unloaded her really large condo in Orange Beach, Alabama over fears of increasing dues, assessments and insurance.
    110
  648. What helped me to pay off my student loan debt was the thought of the interest. I made a five-year plan and stuck with it. Every extra cent I got my hands on went towards my loan, including my income tax refunds...
    110
  649. It’s a shame because most retired or elderly people usually downsize to condos due to physical ailments later in life after years of living in single family homes. This is worse than eminent domain.
    110
  650. What you say is true . Single older guy here and really thinking getting out of the country. People here are obsessed with houses as money makers . I believe differently. We do not have the village anymore as we did in the 70s when I grew up , now it’s about granite countertops. Hate it
    110
  651. I retired at 62 so I could get at least some of the money I paid in before the government steals it from me.😂😂
    109
  652. Florida is the best state hands down! When I'm in Florida, I am such in a different mood and better mental state, as opposed to being in New York. Im moving down there in January and I cant wait. Also I totally agree with the fact that cops in florida dont care. Cops down there arent really as strict as in other places
    109
  653. These buying programms are just kicking the can further down the road!
    109
  654. Glad my Jeep is paid off less than 27 months now. Honestly have no desire to rush into another car payment.
    109
  655. I gave my license go a few years ago! There is nothing to sell ! How can you sell houses when there are no houses on the market to sell!
    108
  656. I was a fan of McDonald’s until they tried gouging us through high prices selling the lowest quality, chemical filled products possible. Doesn’t taste good anymore. I’d rather eat nothing if that’s all there was for me to eat.
    108
  657. 2 of my favorite YouTubers in my favorite place. Enjoy your time guys! 🍻
    108
  658. This constant emphasis on gross income vs net income is crazy. Many people have a ton of deductions for taxes, insurance, 401k, etc etc. It's NET income what you HAVE TO work with. Repeat NET INCOME after deductions. Banks are like car sales people. Literally.
    108
  659. I have no debt and would never buy something i could not afford ....save yourself and be debt free....
    108
  660. 50 years worth of defered maintence is now remarketed as a 'house with character'. A decade of banks giving mortgages to anything with a heart beat and low rates have detatched people from finacial realities. You can get a 750+ credit score after having a credit card for about 2 years. It's crazy how low the standards have gotten.
    108
  661. After the crash of 1987, every house I rented for the next 14 years was less than the owners’ mortgage payments. All of them took a “loss” until they sold the property.
    108
  662. Get Out of Florida Now while you can still sell your home
    108
  663. Get ready to lose your home and get evicted because you won’t be able to pay and afford increasing HOA fees. Hopefully you have a car to live in it for a while!
    107
  664. Broke as a joke, so poor can’t pay attention
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  665. I live in Europe buyers typically don't pay a buyer's commission. Instead, most buyers or their attorneys negotiate directly with the representatives of the sellers . Typically, commissions range from 1% to 2% ( seller pays this ) , contracts are completed between the buyers/sellers lawyers .
    107
  666. Forget interest rates. Housing Prices and rents are way too high! Everything goes to your home that you don't have time to enjoy because you're scrapping by to afford it! 30 year mortgages? It's Insane... Think about that. 30 years of your life to afford a place to store your crap.
    107
  667. This is BULL! We worked hard for our credit!!! This country is upside down due to this administration. Thank You Michael and Happy Sunday!
    107
  668. The homes are still priced too high, yes there is more inventory but those are those who felt they might have missed the market and are still pricing above worth ,let them sit, let that 20% higher/inventory sit and send a strong message ….they must lower their prices down to realistic affordable levels
    107
  669. Yes, Michael, CA is blessed by God but ruined by humans
    107
  670. Even if rents are cheaper than owning, rent costs are still ridiculous.
    106
  671. If a flood reaches up to the 10th floor you’re gonna need more than flood insurance 😅
    106
  672. Living in a cave is beginning to look like an affordable roof over our heads
    106
  673. The official government definition of recession means nothing to the average consumer. What matters is how much money we have left a week after payday.
    106
  674. One of the best lines from the "Rich Dad, Poor Dad" books: "The government owns all the land. Stop paying your property taxes and you will quickly realize that."
    106
  675. "You never have enough money, if all you have is money." - Harvey K. Schmidtz
    106
  676. Fun fact for you younger folks here: In 1912 none of the workers ever paid any income tax. They kept all that they earned.
    106
  677. I am a generation x. People born between 1965 and 1981. My generation will have it rough,but millennials and generation z will have it even worse. No wonder those two generations are not having families. I do not blame them one bit😢
    106
  678. people finance EVERYTHING even funerals 😂
    105
  679. Keep telling the truth!!! It will set us free from these corrupted crooks
    105
  680. Greed and fraud is what plagues Florida. If this was addressed things would not be so bad.
    105
  681. Exactly! I’m looking to move to Florida from Arizona now (summer of 2024) and I was interested in mobile homes to save money and live cheap! But I can literally buy a single family home for the same price, and with a mobile home there’s no guarantee that the lot rent won’t go up or the land will be sold and you and your mobile home is kicked out, told to leave! There is no way I’d buy a mobile home or even a condo in Florida right now. No home with an HOA either.
    105
  682. If you live in Los Angeles you have to earn 42% more income to have the same quality of life than Tampa.
    105
  683. There are 3 Walmarts within 5 miles of my house
    105
  684. I wish everyone and his family a happy Easter. May everyone and their families be blessed!
    105
  685. Anyone who says we are not in a recession is delusional.
    105
  686. They push everything to the limit and nothing ever gets fixed....😮
    105
  687. Michael, I just bought a house today in Fairhope Alabama, right on Mobile Bay. I made a ridiculously low offer, all cash. The sellers accepted my offer within two hours. I literally stole the house!!! Thank you!
    105
  688. Had a reality check with my parents last night. They asked me why I don't just buy a house instead of paying $1200/mo for a one bedroom apartment, so I made them sit down and look up available homes in the region online. They were floored. I just think people don't really know how bad it is.
    105
  689. America is truly messed up.
    104
  690. Here in California, prices are so insane that if prices dropped by 50%, 2/3rds of the people still could not afford the mortgage on ANY home.
    104
  691. Went to Spain the other week. Amazingly clean. Everything is like 1/4th the price. Everyone seems healthy, happier, not obese. You can actually walk places as not everyone is so insecure that they need to drive a dump truck around in grid lock traffic. Cities are designed for humans, not those dump trucks. Could literally move there and buy a nice house in cash, amazing weather, and not have to worry about getting laid off and not having health care or going bankrupt if I get sick. It just all makes you think, if the US is so awesome and rich, why does the quality of life totally suck compared to a place with a much smaller GDP? What the heck am I paying for? Where are my tax dollars going?
    104
  692. Tell me about it, I live in Illinois and bought my home 6 years ago for $100,000 with 20% down and a 4.2% rate, my property taxes which were high to begin with at $4,500 are now up to $6,000 because housing prices in the area have gone way up, I talked to a lawyer and she said they had my house assessed fairly (it's now assessed at $185,000) I told her if that was the case how about she send me a buyer willing to pay that amount. It's ridiculous, they are basically taxing me out of my home!!
    104
  693. I've been a full time investor for over 30 years. Valuations today are pretty extreme and most smart investors are in a high cash position- as am I. I also own residential real estate and have no debt, so I'm protected as best I can be. But for you kids out there thinking your bitcoin is going to the moon- you might want to be careful. This guy here speaks the truth.
    104
  694. Your ability to just walk the streets casually while flawlessly putting current economic and real estate news and complicated numbers and data together and then spit them out in a way we can all understand them- is really mind blowing
    104
  695. I am in California, and my neighbor got evicted about 6 months ago. And once someone has an eviction on their record, they will not be able to rent somewhere else until that is off their record.
    104
  696. That's $5 meal special is only for 30 days and then prices will go up higher than they were before.
    104
  697. There's never a good time to buy a condo....
    103
  698. I’ve seen a lot of properties and realtors play that game with taking it off the market and then relisting it as “new” with a lower price. I always look back at the history.
    103
  699. The numbers will be revised (downward) next month. This is merely another in the long line of diversions.
    103
  700. All the essential needs. This is crushing the elderly
    103
  701. Lots of people with money coming to where I live on the space coast. Rich and entitled and rude. They’re moving to our rural areas and then calling the law on you for having loud roosters. It’s insane.
    103
  702. Michael, could you show some empathy for those of us not living in FL & wear buttoned down shirts so we can pretend you are cold like us?
    103
  703. Americans can't even afford a 6% mortgage.
    103
  704. There's a youtuber like Michael who records while walking around. He made a video of a mile-long line of cars waiting to get groceries from the food bank in Coachella CA. Waiting over an hour in 109F heat for 2 bags.
    103
  705. I don’t listed to the fed anymore. All I’m looking at is the cost of food. The inflation is much higher than they admit. Everything is 40% overvalued in Miami.
    102
  706. Overpriced overpriced and overpriced
    102
  707. The only one it benefits for home values to go up is the Government with taxes.
    102
  708. Imagine that, bank executives being held to the same standards and level of accountability of every other hard working American. What a novel approach
    102
  709. One huge example of moral hazard is federal flood insurance. This is an example of government subsidizing irresponsible behavior. The government needs to get out of the insurance business. If you build in a flood zone it's your fault, not my problem.
    102
  710. 🎉🎉🎉 We’ve been in a recession for quite a while now. Please take care of yourself Michael and don’t “Burn out”. Only you can take care of yourself and if you don’t rest every now and then,,, then you won’t be able to bring us so many things. Thank you for what you do. It still amazes me how fast your channel is growing 😊. Enjoy your time in Illinois. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    102
  711. I would never buy ANYTHING again with a HMO. No accountability for HMOs, plus draconian rules owners must follow. No thanks.
    102
  712. Outrageous prices, outrageous charging times, outrageous it doesn’t work in winter in snow, I’m outrageous to leave these out of my life for countless reasons.
    101
  713. I’m a military veteran and made it on my own. I paid my bills like everyone else.
    101
  714. You all were warned of all this in 2020 but you couldn’t see past your hurt feelings and TDS. Now we all have to suffer.
    101
  715. It amazes me how people are in denial about crime and the economic pressures that both are having on our retail. On top of it we have sticky and persistent inflation. Not good for these stores.
    101
  716. Sounds like a good bill. Need to make it nationwide. They own a quarter of California.
    101
  717. As a vet, we should have been addressing this years ago. This is nothing new, we’ve been selling out to our adversaries for a long time.!
    101
  718. I never understood people that bought a place which has an HOA. I don’t care if the HOA is 37 cents per year, you couldn’t pay me to live in a place with an HOA. There is something beautiful about owning a house where you can do whatever you please.
    101
  719. Banning the sale of RE for foreign investors like China and Russia who probably make up a large percentage of cash buyers will likely drive down the values here in Florida. This would make it more affordable for all of us wanting to buy.
    101
  720. I retired 2 years ago. I have no debt, some savings, some income. Never been happier ☺️
    101
  721. If EV's were so much better and revolutionary, you wouldn't have to subsidize them, and people would be knocking down the dealership doors fighting over who could pay the biggest premium for them! I think we're going to see a bigger drop as more and more stories about cost of battery replacement hits social and regular media. The majority of the EV's out there are now just starting to reach the useful life of their batteries. Folks will also shy away when they see the cost of insuring these things continue to skyrocket. I am (unfortunately) still in the Chicago area. I have a friend who bought a Tesla a couple years ago. He got rid of it after having to live with it through the first winter. I think we're going to see LOTS more of that in the next couple years...
    101
  722. The big American decline, going on for decades, getting worse by the minute.
    101
  723. You know its bad when Walmart can't even deal with the theft and is closing stores in Portland.
    101
  724. Yes, insurance is INSANE across the board. And to think this is “just in case” money that almost never is used - only to have the insurers deny your pay out when something rare does happen. 😵‍💫 I feel scammed, shammed and flimflammed.
    100
  725. Anyone who thinks that theft is a victimless crime is insane. It’s a “victimless” crime until it happens to you and you’re out thousands of dollars, a huge amount of time and the inconvenience and aggravation of the sudden logistical burden that you have to deal with. Property crime should be taken very seriously.
    100
  726. Michael, I will never understand how people think. Your content is extremely educational/ helpful, and yet, you get criticized, as if free education is a bad thing. But then, we have to remember, there was a nation wide poll on November 3rd of 2020… a poll to see how many American adults are dumb, and we concluded that there’s 81M of them. Thanks for the research you do to share with us.
    100
  727. Something is only worth what someone else is willing to pay you for it.
    100
  728. The really serious, detrimental issue for many of these older people, (any age of working age people really)- is that many of them are not just on Social Security per se, because they are age 65+ and of 'so called Retirement Age', they are on Social Security Disability, permanently, SSDI -and they 'CAN'T' go find a 'gig' or 'side hustle'; they can't even get a 'main job/career'. That's why they are ON SSDI in the first place. NO one is addressing this section of the population at all and I think based on research and talking to people, that it's a much Larger population than any one is telling us. What about these people? If like many older aged people they no longer even have family and lots of their closer supportive friends are either dead or in seriously ill physical or mental health, they have NO one to help them. Many have lost their partner/significant other/spouse. Most of these people lived and worked their whole lives, raising kids, grandkids maybe, definitely paying taxes on everything we all pay taxes on, contributed to their community, etc. and just because they became so seriously ill or injured 'DisABled' they can no longer DO things like they used to including many types of 'work' the Governement considers even many Volunteer activities 'Substantial Gainful Employment or Activity' and they could lose their miniscule check and medical coverage if they even try to do volunteer work on a part time basis, let alone actually paid work. How do we even help these people so that they can live the rest of their lives the way they deserve to since they have contributed so much for so long?
    100
  729. Unfortunately people don't have enough money to spend for stuff that is not essential and regular life cost these days more than ever!
    100
  730. I had tick tock for 1 week. I lost 47 IQ points 😂😂❤
    100
  731. I’m waiting to buy. Most of my debt is paid off, I rent a room from family for $1k/ month and I make $100k and single. I’m chilling
    100
  732. The country is breaking apart. There will be no. " national " of anything. Look for the emergence of local associations or realtors with their own laws.
    100
  733. Speding is up 4% but prices are up 50-100% on goods… it means tons of people are spending way way way less.
    100
  734. Beware of taking on debt for depreciating assets.
    100
  735. I graduated HS in 1976. Worked at a local restaurant. Back then, 90% college students were wait staff. They could pay for everything without going in debt. This was University of Michigan, not exactly a community College. Now you may pay forever.
    100
  736. I just backed out of a contract today. The current owner didn’t do any maintenance work. Both the roof and plumbing need major repair/replacement. They’re delusional if they think the house is worth what the appraiser says.
    100
  737. Truth from boots on the ground is why i am here.👍 Tired of distorted verbal salad from the networks.
    99
  738. The late comedian Gallagher used to joke that condos were created when a bunch of Apartment managers got together and decided that they needed to come up with a con to get more dough. And that's how condos were created 🤣
    99
  739. A man of integrity. Telling the truth never gets old.
    99
  740. Just say NO to HOA fees.
    99
  741. I don't get the school bs if you suck with a bachelor's you are going to suck with a masters 😂😂 I have a Ged and make decent money
    99
  742. The sad thing is with the American economy with the housing market even if two people were to work two full-time jobs and go 80 hours combined with overtime that wouldn't be enough to afford these homes because of the ever-increasing taxes with mortgage rates and the ever aggressive HOA dues that can stack against your home and it gets so bad you're forced to foreclosed and sell the home at a loss.
    99
  743. The rescuers are at risk of being crushed, electrocuted, infected with bio hazard, and all types of things. My heart goes out to them as they dig people out.
    99
  744. Michaels Channel is my favorite source of information when it comes to the real estate and economy because Michael is a honest person and doesn't try to sell anything to the People jus to get the big money. Thank you Michael! Youre doing such a great job on YouTube
    99
  745. There’s so many homes for sale in Ohio the prices are dropping fast ! If it has hoa fees !! Those are half priced.. a hoa fee that costs more than your taxes!! That’s over !!
    99
  746. IT IS GREED, NOTHING ELSE BUT GREED
    99
  747. I'm feeling really good about selling my Condo in Florida. I would be freaking out if my HOA doubled.
    99
  748. I don't think you can ever really expect anyone or any association who has a vested interest in an asset to ever reveal the warts of that asset. They're going to protect their interests every time.
    98
  749. Love the collaboration, Michael. I think you should make this a regular feature on this channel with different realtors from different markets. It will definitely improve your exposure across various markets. Keep it up!
    98
  750. I have a brother in law that did not pay his auto insurance. He and his wife now have no drivers license. This in Clearwater, FL. I keep telling my wife that I'll bet 30% of the vehicles on the road here, have no insurance and driver's license.
    98
  751. A new welder at work has 1200 dollar truck payment and his insurance is 400. His only 18 and I tried to talk him out of it.
    98
  752. I was in a CE class last year and there was an owner of a leasing company there. He told me a story of an eviction case where the tenant owed three months back rent and refused to pay. Twenty years later guess who calls him up wanting to clear up the debt. This former tenant tried to get a mortgage and he was told it's a no go until he cleared up the lien he had from twenty years ago.
    98
  753. My business has dropped off bad this year people don’t have any money.
    98
  754. Problem is when someone barely qualifies and moves in and then needs a newer car, they are underwater
    98
  755. Michael Bordenaro is like a gym membership, he can't be cancelled.
    98
  756. An old wise man once said:"Always think twice before making a decision." People these days: "I have to get this house, no matter what condition it's in, before it's too late to get into a house."
    98
  757. In certain areas of the U.S.A. it's common for owners to sell their property themselves with out agencies. I bought my home without any sales fees or agents involved.
    97
  758. Beautiful couple...
    97
  759. It's not about taking your kids to Disney World. It's about the ability to brag to your friends and family about how you took your kids to Disney World.
    97
  760. I am 80 years old and living the retired life in a small town in Thailand. I very much enjoy your YouTube presentations for the reverse culture shock value. I bought a 3-story shop house in Phrae 17 years ago for $37,500. My life seems so simple. Being healthy is of course the key.
    97
  761. THE problem IS The Fed and the politicians.
    97
  762. No on buying a new EV. I cant even afford any new car. In fact, anything over 10k is too much for me right now.😅
    97
  763. When I applied for my current apartment, I had to provide a list of items: 2 IDs, pay stubs, bank statements, letter from my employer which had to include how long I had been employed there, the prior year and current year tax returns, credit check, and an interview with the owner of the building and this was just to RENT a tiny, studio apartment. Those who are coming across the border won't even have to bother to fudge such documents because the landlords and lenders alike are probably going to ignore the requirements and grant them the loans anyway. I find the whole situation disgusting and yet another slap in face of American citizens.
    97
  764. 🎉🎉🎉 This is so awesome that you’re sharing a part of your past life with us. I’m sure that everyone will enjoy this video. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    97
  765. I totally agree with you Michael, why are we continuously sending billions of dollars out of our country when so many Americans need help here. Many of our roads and bridges need repairs, our hospitals are on life support etc etc….. It makes me mad that the average American has virtually no say in how our tax dollars are spent.
    97
  766. I own a retail store and sales are plummeting since last summer People are broke. More declined cards than ever before Regardless what they say feel eerily like 2008 Something is going to give
    97
  767. This makes my $700.00 car repair bill on my 02 Saturn Vue seem like a bargain.
    97
  768. Home builders throw out mortgage buy downs and other incentives rather than lower prices to attract buyers. Anything to not do the one thing that matters - lower the price. Don’t fall for it, wait ‘em out if you can.
    97
  769. The kids these days think nothing of $800-$1000 car payments 😳 Excellent video again Michael! Happy Friday to you and Lisi 🩷
    96
  770. Put the equity in my coffin with a 40yr mortgage. 😮
    96
  771. Agreed that home ownership is a responsibility. Raising some capital should be a necessary step, but 1% is way too low and likely predatory.
    96
  772. Im seeing homes selling for 160k+ that need to be torn down, unlivable. Even the homes that need to be demolished are over priced.
    96
  773. Those reasons don't bother me. I'm still moving to Florida.
    96
  774. They are trying to kick the can down the road until after November, 2024.
    96
  775. Good riddance to all of these big corporate flippers.
    96
  776. Govt’s motto: you can run but you can’t hide. 87,000 new IRS agents
    96
  777. They're a scam and you get nothing in return. You pay to have rules made that can make your life miserable and the monthly fee can go up without any warning. There needs to be serious limits on HOA extortion! Was in one once but NEVER AGAIN!
    96
  778. Mortgage applications does not equal closed sales
    96
  779. A guy I work with just bought a mobile home. He said, just the lot rent monthly is $800 and he also has to pay for his mobile home itself. Everything that was cost effective at one time has all been over priced ie RVs, mobile homes, renting, mortgages with taxes doubling and tripling, Land. Dwelling choices are being attacked on all fronts. It's crazy that it costs this much just to live and it keeps getting worse.
    95
  780. Realtors, lawyers, bamkers, politicians. I can't tell the difference. There aren't any honest people when money is involved. Zero.
    95
  781. I've worked in electric power generation over 40 years and the USA just doesn't have the excess generation capacity to support more electrical demand. In fact, we were very close to an electric supply issue in 2008. The recession of '08-'10 saved the grid from overload. The recession now will hide the same scenario in many parts of the country.
    95
  782. Not a good time to finance that 80 inch 4k TV from Costco 😮
    95
  783. cant stress enough regarding the land issue for mobile homes. Those commercial landlords are essentially slumlords they are squeezing every last penny out of the residents and forcing them to leave so they can flip the area and develop it in to luxury HOA communities
    95
  784. Just ask your employer for a 30% pay raise. Problem solved.
    95
  785. So many landlords lost their shirts on rentals due to the moratorium on evictions. A lot of tenants withheld their rents and lived high off the hog just because could get away with it. So sad.
    95
  786. Funny how the man who invented the 401K plan said it was never meant to replace retirement pensions only supplement them. Also, people are commenting on how people have to save up for their retirement and that no one is responsible for them but themselves, while billionaires pay no taxes and build their own spaceships. Corporations pay little to no taxes, no pensions except to upper management, utilize the infrastructure paid for by those who do pay taxes, then tell the workers that no one but themselves are responsible for their retirement, What a racket!
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  787. "Don't be greedy or selfish." Well said! I've seen many homes being sold by the relatives of deceased elderly people that are money hungry. These people were nowhere to be found when the owner was alive, yet now they want an astronomical amount for an aged property.
    95
  788. I owned a condo once, the yearly owner meeting with the financials never made sense or added up and we weren't allowed to question the discrepancies, it was a joke. Greed has killed the country
    95
  789. I’m loving seeing all these flippers stuck with the carrying costs on these greedy flips.
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  790. Now is the time for recognizing you aren't wealthy, and quit living like you are via loans and cards. Now is the time to finally except that vacations, $75,000 weddings, $50,000 cars, $1,500 of restaurant meals, $225 in technology, $600 in Starbucks, $300 acrylic manicures, $150 haircuts, $1,100 cologne, and $950 in clothing and accessories is not doable and never WAS. Now is the time for going without to pay off debt and/or save.
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  791. If I was going to live in a condo I would just rent so you can bounce if things go bad.
    95
  792. "Buy now or be priced out forever"- every realtor in 2006
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  793. Yeah, no thanks. I'm not wasting money on declining value on crappy assets like cars. I'd rather keep my vehicle and enjoy it paid off soon for longer. Also have more money to tuck away for my own future. Life not tied to debt is a life worth living.
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  794. I know affluent retirees who have sold their homes and are renting upscale apartments. It is not a bad way to go. No property tax, no HOA, much lower insurance, little upkeep costs.
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  795. ONE word UNSUSTAINABLE just a matter of time before this all collapses like the house of cards that it is
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  796. I used to work as a BOSE sound contractor. I would also install intercom systems in fast food places. After a few installs I basically stopped eating at all fast food places. If people were allowed to peek above the ceiling tiles they would never eat at them again too. Animals in the ceiliing are coated in an a thin layer of grease (from the air) as they slowly break down into dusty peices, free to blow onto uncovered foods and containers. If you love your body, just dont.. All of this on top of it being man made chemicals forced into the shape of 'food'.. I feel sorry for the people that work in these places. The grease builds up in their lungs, skin, body. It coats everything eventually.
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  797. Sold for $1,7774,000 on 9/15/21 and then asking $6,775,000 less than a year later on 6/24/22? Definitely please keep sharing this insanity. Sellers are nuts!
    94
  798. “Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times”
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  799. The property tax on that ONE home that Michael showed was $96,000 a year. I realize this was an expensive home but still, that’s one home. What in the world is the local government doing with all this money?
    93
  800. I'll gladly pay you TUESDAY for a Hamburger TODAY. 🍷
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  801. The bigger the problems in our country get, the more I need this channel. Thanks for all the work you do to keep us informed!
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  802. Glad your touched on the big question of what our property taxes are actually getting us, cause it has to go somewhere and sounds like it’s going directly into someone’s pocket rather than to the public. An audit Must occur to find out where these tax money is actually going and make it rain hell if it is being mismanaged. Corruption and exploitation needs to be held accountable and be out in the public if it is public money
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  803. Bro, inflation has gone up 20% in the last year easily, some items are 35% higher. Let's get real, the government lies to us constantly.
    93
  804. Sadly the things that are making these homes available (property tax TOO damn high, insurance of all type TOO damn high, food, rent - all TOO damn high) is making those with fixed incomes & those losing their jobs from layoffs throw in the towel. Tragic.
    93
  805. If you get a signing bonus with a time period attached to it, always negotiate that it is accrued on a monthly basis for the given time period, or don't sign.
    93
  806. It's a global economic mess, caused by government and corporate greed.
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  807. The incentive model is broken. Either pay goes up or costa go down, or both.
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  808. You're wrong about the U.S. being the best country to live in. I've been to over thirty countries, lived in five temporarily, now live abroad permanently. Couldn't be happier, on a rather small income.
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  809. Florida went from being one of the most affordable states to live to one of the least, at least if you're still in the work force. Wages are an absolute joke especially if you're in the trades.
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  810. I would definitely buy if prices were affordable the interest rate isn't the issue. Homes trippled over the last 3 to 4 years
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  811. I grew up eating food from Dumpster’s. Now I am a multi millionaire. It took a lot of hard work but a hell of a lot more luck. I feel for young people today. My children are in their 20s and they still live at home.
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  812. I had a 2.75% rate, and still chose to sell a couple years ago, knowing what was coming. I wanted out of the rigged system of enslavement. Higher taxes, higher energy bills, higher insurance, higher maintenance costs, higher cost of building materials. Not to mention higher cost of food, higher cost of gas, higher cost of everything. I paid everything off, got out of debt, and bought a small piece of fertile land. The tipping point is already here folks, this can get very ugly quickly.
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  813. Micheal I live in Huntington Beach, California to rent a room it’s about 1000 to 1500 I live in my Ford e-350 converted in bed toilette stove fridge, solar battery bank. I live here in the city I have a car that I use for work during the day and sleep in the van at night very comfortable and I take a shower at Planet Fitness for 10 bucks a month all the money I’m making is mine my bills are 150 a month plus groceries plus gas and plus insurance so I’m really a minimalist it’s not costing me a lot. I see more people doing it every day.❤
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  814. 2024...a good year to learn true financial literacy. We weren't taught this in indoctrination centers aka schools! Thanks for contributing to this space Brother!
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  815. Thank you Michael…for having the courage to tell the truth…great show today 😊
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  816. Banks didn't give a crap when I lost my home in the last crash so forgive me if I don't give a crap about people losing their homes after YEARS of forbearance. Screw em!
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  817. Lived in San Diego for 39 years and now in FL and I can say FL is better in almost all areas. The only things CA beats FL is the Mountains and utilities are cheaper. Other than those two things FL beats CA by a landslide. People forget CA is a desert and we had triple digits for most of the summer.
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  818. $5,500 a month is BEYOND outrageous. It's like the boiling frog syndrome: people don't know that their lives are out of control until it's too late. It boggles the mind how expensive real estate is now. Housing is not worth what people are paying for it. It's going to crash. Soon. No one can sustain these insane prices.
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  819. There used to be a lot of “job fairs”. We don’t hear about them anymore.
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  820. I'd never buy a flip - you can bet every corner was cut during the reno
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  821. I read this same article and felt so bad for these people. I bought a condo that I regretted back in March 2021, sold it in May 2021 just before prices started to dip and got all my money back out. Man, was I lucky. I'll be happily renting for the next year with a full year lease agreement. It's so refreshing to get content like this from a realtor with some integrity.
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  822. In Massachusetts my property taxes are soaring. Insurance is soaring. Food costs are soaring. I don't know how long we can stay here.
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  823. To fix our fed rate. We need to turn off the faucet to all these countries getting financial aid from US!
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  824. I was a very experienced home buyer and too, suffered from BR. I was relocating and found 2 houses I liked. My gut told me to go with the smaller, older bungalow. It was a bit more money but it still felt right, sturdy, quality built. I felt at home. However, everyone else disliked it and loved the larger 2 story. It was cheaper, nicer yard, beautiful view. But for some reason, it made me nervous. But regretfully, I caved and listened to the majority and bought the larger 2 story. Big mistake! It was a lemon, money-pit. I sold it 2 years later. So lesson learned, ALWAYS LISTEN TO YOUR GUT! And don’t ask for too many opinions from people who aren’t going to live in it.
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  825. A lot of people I know are currently 100% remote. They just don't get a paycheck.
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  826. When we sold our first house the realtor walked away with $5,000. We walked away with $500.00.
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  827. Build Back Broker!
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  828. The reason house sales are down in the Northeast for the homes under $500,000 is because there are none. It’s ridiculous in the Northeast! Long Island NY is insane! Thanks for the video! 🤗
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  829. I feel like mortgage lenders should require their borrowers to watch at least three hours of Michael Bordenaro content in order to qualify for the loan.
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  830. 🎉🎉🎉 These huge house investors should not be allowed into the Real Estate market. It’s so disgusting how they are ruining things for us regular home buyer’s. This bubble has gotten so big and that means that when it pops … it will be absolutely ugly. Thank you Mike for always keeping us updated on current topics. Blessings,Carlos ✝️🙏❤️😊🇺🇸 Btw,,, Now after they get rid of the homeless peoples shacks,,, Then where will they go? This is not the answer. Gavin needs to go!
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  831. We had a lawyer draw up a buy/sell for our house and never went to the MLS. Back in '17 Zillow had a 'Make Me Move' feature where you just put in your selling price. We had a buyers agent bugging us within days and she was trying to get us to pay her 3% and I was like "for what? You've done NOTHING for us. You get 1%". The deal went through.
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  832. Guys like Ron Paul have been warning about this kind of spending for decades...Truth will always set folks free 🙏
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  833. I will give you an example of deflation. I bought a couch from American home furniture in Feb of 2022 for $3000. I bought the same couch last week for $789. I bought a 65 inch tv in 2015 for $2500. I got a Samsung 65 inch TV from Best Buy for $399!
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  834. People, your are on your own when impacted by natural disasters.
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  835. My husband and I went to look at a house after reading the seller's disclosures. No issue with the foundation according to the seller, but there were HUGE horizontal cracks in the foundation and noticeable settling. My husband knows a lot more about buildings than I do, but even my untrained eye caught it. And the seller didn't disclose it? Why not? That was the same seller whose agent pressured us to waive inspection--no way, man. If I were a realtor, I guess I wouldn't last, because I'd have looked at the property and said "you have a foundation issue that needs to be disclosed". Sellers lie, but realtors facilitate it. This insane market has enabled a lot of very unethical and illegal behavior.
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  836. Sounds like a problem that needs to be addressed yesterday but the politicians are too busy trying to get re-elected.
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  837. $60,000 per year and barely making it is insane! That’s a starting salary for a lot of recent grads. How in the world are the younger folks supposed to get a start if it’s already a struggle plus student loans?
    90
  838. I'm 63 and I've made major life changes 7 or 8 times so far. No regrets. Thinking of the next adventure.
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  839. The reason no one reads contracts is because they are deliberately not understandable. Mandate plain language contracts!!
    90
  840. NAR wants to bury this issue fast and get the spotlight off their shady non-conpetitive practices.
    90
  841. Hopefully BlackRock will tank
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  842. What an absolute honor to be able to talk you Michael. Thank you for all the good you do 🤙
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  843. Those seniors on social security in your condo will only see a 3.2% increase in their ss benefits yet they are getting hit with a 13% property tax increase in your condo. Has to be very painful for them.
    90
  844. My husband and I recently retired. We eat and drink at home. Occasionally we go out for a meal but we share one meal and pay for the extra salad. I drink coffee at home because Starbucks is so expensive.
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  845. I've been to well over 70 countries and lived in 3 different ones.....for the past 2 years while we have been waiting for my wife's Visa (slowed up due to asylum requests) she has expressed a reluctance to live in the US. I keep telling her "If you can find a country that is less fu**ed up, than the US, we can consider moving there." So far she hasn't come up with a viable option.
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  846. It's gonna crash and they're going to bring out their digital dollar. And then every dollar will be tracked.
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  847. Michael, your economic commentary is spot on. You’re one of the few who tell like it is. Plus, I love the areas you stroll in.
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  848. Yep. Keeping my 2021 Jeep for a long time. Have no desire in getting a new car again.
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  849. As the bird flys I'm 3 miles from the beach. Comfortable double wide on 1/2 acre lot, no HOA. Back tax property I got for $3,000 just before covid and taxes run $1,200 a year. No insurance so just packing money away. Gutted and remodeled it. If it burns down or hurricane destroys it I'll just slap a new one on the property. Living w no debt is king. If you are creative and take risk you can find something affordable and within your means.
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  850. You can't own it if you don't control it
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  851. I've seen all this corrupt condo association up close and personal.
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  852. It's no surprise that they're pushing for DEI initiatives everywhere as well. Too many people don't realize or care about the differences between EQUALITY and EQUITY. One provides equal opportunity... one provides equal outcomes. In a system tailored to the least common denominator, guess what happens when you push for equal outcomes? Anyone who lived in the former USSR can see clearly where this is headed.
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  853. I went to Subway this weekend for the first time in while. I got a 12" sub sandwich, extra meat, a coke, and a bag of chips. $18.40
    89
  854. A trillion dollars here…a trillion dollars there, first thing you know, we’re talking a lot of money
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  855. 75,000 a year? That's what I paid for my house
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  856. How can the GDP surge when stores are quietly closing by the hundreds nationwide since January… unless it’s based on all the price-gouging (aka inflation)?
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  857. They want me to move back to Long Island. I live in Arizona now and I told them I rather pay $100 a month for taxes than 1500.
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  858. What a world when Colombia has less store theft than the United States 😅
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  859. My wife and I make much more than the average American family and there is no way in hell we would pay $1.5M for a simple <2000 square foot house. Putting 300k down, you are looking at payments of $7600 per month on a 30 year loan, not including property taxes, insurance, and HOA fees.
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  860. I just commented on your other video about HOAs. They can be complicated and can result in all sorts of problems - like owners suddenly having to pay for costs that have been deferred.....or god knows what. For me it's like renting, like living in a mobile home park. You're putting your financial fate, to some extent, in the hands of other people who may or may not make wise decisions. I would never live in one of these things. Unlike you, I don't care if someone down the street works on their car. I prefer the freedom. I understand they have some benefits but for me the negatives outweigh the positives. I was blown away when you said, in your other video, that in a high rise condo your service elevator didn't work for 3 freaking years. That's crazy, man.
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  861. How about this for an idea? Laying the government off
    88
  862. Greed is the fuel for all of this
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  863. inflation is ABSOLUTELY worse than a recession... and we currently have both going on at the moment.
    88
  864. I don't care what someone else drives, but I resent my government trying to force me to buy something I otherwise wouldn't and take away my choice.
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  865. Before I started my business I never knew how much it costs to run a business ❤
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  866. Why are businesses allowed to own so many single family homes?
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  867. I think it's so unfair that we all need to pay our bills but Student Loans get a break? What about people with medical bills due to unfortunate circumstances. Good lord.
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  868. With those prices is everyone in Miami Beach a fentanyl dealer or a Russian oligarch? 😂😂😂
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  869. It's even expensive to die , cost of a traditional funeral is up as well😮
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  870. Whether or not there is a crash, the best thing to do is to save money, stay out of debt, and buy when you're ready. Wait for mortgage rates to come down.
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  871. The people with fixed income are getting slammed
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  872. There has been a few sales in my neighborhood. What the buyers probably don't know is they were sold because of rising property taxes. 13% in 2023 and a projected 8% in 2024. I asked a selectman if they are going to keep all the teachers and the enormous school budget when half the students have moved out.
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  873. Congrats on the plaque. You deserve it. You're far less tedious and annoying than the other real estate Youtubers.
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  874. Save while you can because your health may not always be with you. The older you get the more aches and pains you start having, the longer it takes to recover from sickness and injury, etc. And if you can’t perform the duties you’ll get medically separated from your job whether you’re ready to retire or not. So, save while you can.
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  875. I don’t miss my condo living tbh -the HOA was irresponsible and people are annoying
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  876. i paid off my place back in 2018. it's nice not having a mortgage. but the property taxes suck.
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  877. Wife died at 58. Guess she doesn't need to worry about health decline at 66. It declined in her 50s.
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  878. Seven year car loans are insane.
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  879. I have been a RE executive for top 10 builder and the largest RE Broker in N. America for 30 years. Michael is acting as a buyers advocate in these videos and is very accurate in his assessments and advice.
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  880. I always look at sale history and REFUSE to look at anything being sold by a greedy investor. I want them to feel the pain before I buy again.
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  881. I completely understand that higher insurance costs, higher property tax, and higher HOA fees will lead to people wanting to sell their homes, but I do wonder who will buy the homes.
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  882. PRO........ family will visit you more CON....... family will visit you more
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  883. Retired at 57 and left Seattle! Moved to Kentucky and bot a house I 2021 for $100k. Managed to get a mortgage rate of 2.25%. With principle, interest, taxes and insurance totaling $587.62 per month. That’s only 20% of my net monthly pension! I’m loving life here in the South!!! I’m totally 💯 blessed!!!
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  884. The smart and responsible people continued to make their loan payments interest free throughout the moratorium.
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  885. ‘You won’t be able to refinance if your house is underwater’ is the most brilliant insight anyone has made on any of the real estate videos I’ve watched. You’re the only one I’ve seen mention that.
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  886. I just love to spend a relaxing sunday evening watching my favourite Youtuber explaining me the housing market and the economy!😊
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  887. And they simultaneously threaten that Social Security will be broken soon! What?
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  888. Prices were too damn high!
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  889. Everything I was ever told has proven to be a lie. About my country about my family and life and people in general.
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  890. HOT TAKE: This is reality catching up. So many of these homes are built in places they shouldn't have been, hurricane/flood/earthquake zones, and in ways they should have never been built, McMansions in sprawling car dependent suburbs
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  891. Price caps on goods is a really bad idea. It just leads to shortages. If there are "excessive" profits in any industry that really indicates too much monopolization and a lack of competition. Preventing market monopolies IS a legitimate function of the federal government, but it's something they hardly ever enforce.
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  892. Lately I saw a Video on Tiktok, where a young man lives in his car to save money for a mobile home. Well I hope he sees this video!
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  893. Thank you for always being so honest about the real estate market with us. We always hear about people from other states flocking to FL but no one wants to talk about increasing HOA’s and homeowners insurance
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  894. Property taxes are the ugliest form of taxation. It's a pity we've allowed ourselves to be victimized so horrible by government.
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  895. This is pure ideology. We will all be made equal, no matter the cost! Believe me, the people writing this policy do not care if it makes the average person poorer, or if foreclosure rates go up. Its all about securing votes from the stupid people who don't understand how economics work.
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  896. We live in the "Truman Show". Nothing is real, but everything is surreal.
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  897. I was in a park and what you reported is exactly why I bought a nice big mobile home on my own land. I feel free.
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  898. We are getting ready to hunker down: paid off my car and our renovation loan this year. 4 years left on our mortgage and that’s the last debt we have
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  899. Mental health is one of the greatest motivations! Living in cold states locked indoors; snow; winters months are dark it’s just gets emotionally draining and mentally taxing. Chicago is a great city but it’s so depressing in the winter months. I’m exploring Florida as an option to relocate and start over. Love Miami area but it’s crazy expensive but I’m sure that other areas are not such as Port St. Lucie, St Augustine, etc I’m still young (50) and I need warm weather, opportunity, fresh start, and new meaning and purpose. No family, single, no kids what’s holding me down? I have a small pension of almost 4K a month so I’m sure I can do “something” but fear at times gets in the way but I need to do something ASAP!
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  900. I Just can’t believe how much these people are LYING 🤥❗️ We are Definitely in a recession and it’s only going to get much worse. I am currently living off my credit cards because of weird situation I’m in. I’ll be able to pay everything off once I get to a certain point. It’s not fun but just the way it is right now. Thank you Micheal for covering so much very important information. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  901. Mold is a huge problem in Florida. Stop spending overall for 18 months,sit on that money!
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  902. The prices are outrageous. My house doubled in value in 3 years, but guess what, it’s the exact same damn house, except maybe slightly more worn out, lol. WTH? My wages sure haven’t doubled, so today I couldn’t even come close to affording my own damn house!
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  903. Sacramento County District Attorney Thien Ho is threatening to sue and even criminally charge city officials if they don’t start enforcing laws and getting a grip on the homelessness plaguing the city. I hope this sets a precedent in California. I back this approach 100%. Millions and millions spent and homelessness is worse than ever.
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  904. Nice to see you two together in a Video!😊
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  905. The CA foreclosure moratorium has been extended to June 30, they keep extending it every time it comes due. They need to let things play out and stop getting involved
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  906. So very accurate and detailed. Having lived through the last housing crash in Florida, it’s easy to see the signs right now and how much worse it is in every way. We are no longer in Florida. Living on the west coast, house paid for, waiting for bargain prices on the East coast. And if that doesn’t happen we are okay where we are. Not ideal living situation, but debt free. Being able to stay on the sidelines is something we are very, very grateful for.
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  907. Many are finding out the hard way, when the owner of your mobile home park sells the park, the new owner can evict everyone and the old trailers can’t be moved, so they have to just walk away.
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  908. I am one of those Americans who found "the American dream" abroad. My company gave me a 6 month secondment in Malta, 25 years ago. We enjoyed our life here so much that when it was time to return, I managed to get a permanent role in the UK. Ok - you can get more materials goods in the US, my siblings have bigger houses and better cars. The stress of life is much less here, there is much more emphasis on the work life balance (30 days of paid vacation). Also my kids are much better educated and we don't worry about healthcare. The main thing my wife and I notice (when we see our family in the US) is how we don't live in fear. We notice that when we go back to the US (we visit at least once a year) how scared everyone seems to be and how that stresses everyone out. I will fully admit that things have gotten worse here (particularly after Brexit) and it is a lot tougher for Gen Z, but we still find the quality of life is much better than when we compare ourselves to our siblings. Though I find we struggle a lot less than my counterparts in the US
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  909. And I’m fed up with getting texts EVERY DAY from insurance companies telling me they can get special rates for members of NAR. Stop selling my info, NAR.
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  910. 2:15 The MAIN reason to buy a house instead of rent, is to have a paid-off dwelling when you retire! That is, when you stop working and your income decreases, you stop paying the mortgage and your monthly housing payment decreases too. Millions of Greatest Generation and boomer women -- including both of my grandmothers and now my mother -- can live out their lives in comfort and dignity in a paid-off house and their husband's small pension and social security. They couldn't do that if they had to pay ever-increasing rent.
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  911. In 1997 we scraped together and saved up our down payment,bought our forever little 3bd 1bath cape cod and raised our kids in a wonderful neighborhood. It was fantastic with young kids, teens and young men until they flew the nest. The staying there was the best part about the house. Remembering all the milestones, the things we did to it. Memories
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  912. My small business is at home and only me thank goodness. I am doing well but everyone I know is struggling at the moment 😢
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  913. At this point if u ain’t teaching your family how to survive without the system then your cooked
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  914. My parents built a house in an HOA. The board would not approve any of their proposed paint colors. The color of the president’s house, which was recently painted, was acceptable to my mom, so she asked what the brand and the color were. Certainly that would provide closure on the issue of paint. He dismissively claimed he did not have the information and was unable to obtain it. The administrator claimed not to have the information on file, which is BS because it had to be approved. The president is an attorney, by the way. Clearly their only interest was in being obstreperous and harassing my parents, and the administrator had been instructed not to provide the information. My mom obtained the information from the painting contractor and submitted it for approval. The board objected to the color. My parents said, “That’s interesting, because this is the color that is on Mr. President’s house.“
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  915. I need a van down by the river ❤😂
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  916. People need to wake up and understand in which direction of the economy we are heading right now!
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  917. Michael I’ve told my story here before. In Maine it’s one day not 30 days. If a person comes in and sits down on your couch, even if you’re in the house and has a little valise there and stays there for one day, you can’t get them out unless it’s judicially done and you pay the lawyer and then the judge and wait it out. They come first. honest to God. It happened to me.
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  918. Mortgage, property taxes, homeowners insurance, maintenance & upkeep it is never-ending. New home buyers do not have a clue. And how about furnishing the home. Thousands of dollars more.
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  919. 60% income going towards housing is simply unsustainable. People need to understand, that if they are paying more than 30% of their income on housing, they will come to a point where they will loose control over their financial situation. The higher they pay, the sooner they fall.
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  920. I was planning on moving to Florida until I learned about the insurance apocalypse happening there. I have no idea how people can afford $10k+ a year home owners insurance.
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  921. Absolutely correct Michael! Rates may not come down for a while so prices will have to. It's impossible for both to stay as high as they are. I paid 7% for my first home and high as 10% on one other. The difference was the price on one was under 100K and the other just over. It's crazy what people have to earn to pay $450K at these rates when you add insurance and taxes. My background is I've been a real estate broker for a little over 30 years in CO. Keep up the good work!
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  922. Corporate and Landlord Greed!
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  923. The stupidest thing I’ve ever came across in a mortgage loan: I was trying to help a friend buying a condo on the beach in Point Pleasant, NJ, but due to the credit score and his income, he didn’t qualify for a payment of a little over $1,500.00 a month. Bank said that he didn’t make enough to pay the $1,500.00. But then, they gave him a different loan plus an insurance, and that was a payment of over $1,800.00 a month. It’s been about 25 years and I’m still wondering where did that make any sense. That’s when I realized that banks want people to go bankrupt.
    83
  924. The county I live in is oppressive. If I did not pay these terrible property taxes they would take my home in a minute. South Florida. Sad. 2:14
    83
  925. The numbers in this video literally made my head spin. Ten GRAND a month for rent, and twenty six grand a month to buy and "maintain and stay" in a home????????? A home to buy? LORD. My mother in law lives in Florida. Probably eight or so years ago she just gave up homeowner's insurance. She weighed the pros and cons, and opted on taking her chances. I initially thought she was NUTS, but after some thought, I support and don't blame her.
    83
  926. I remember when someone bought a house, paid it off, and lived in it for the rest of their life....instead of treating it like a stock or piggy bank.
    83
  927. Lots of delusional people asking these outrageous prices. 🇺🇸
    83
  928. Michael you take us thru great neighbor hoods of the rich, thank you because I follow others that show how bad Miami business area is and I was shocked that so many stores were closed and the streets are filled with tents. so it is all over the country that homeless is out of control.
    83
  929. Michael the blue Tarp is to deter the fires when they shoot that lazer at them .
    83
  930. People who bought in the last few years are selling because after they bought the house they realized they can't afford the payments.
    83
  931. Michael, you brought this up over year ago about people losing their job and being forced to sale. Everything you been saying is coming true.
    83
  932. Ten years ago I wanted to sell my paid for property to downsize. The market ( Denver area) was good. I found a place I wanted and took out a Heloc loan on my property to purchase before I sold. It all worked out fine at that time with the heloc loan being paid off quickly. However….in these times I would NEVER EVER do that again. Very risky.
    83
  933. I love how you address this topic with such honesty.
    83
  934. Nothing wrong with living your folks as long as you help with bills and stuff around the house. I currently live with my parents and about to finish up my Bachelor's in Accounting debt free. As well as saving up for a 20% down payment for my first home.
    83
  935. Things are not looking good 😢
    83
  936. Even if rates go down, home prices are still over valued in a lot of areas and not affordable for the average 9 to 5 worker.
    83
  937. Heard this all before , the spending will continue and nothing will change until these people lose their jobs . When the massive layoffs starts that's when the change and suffering will start .
    83
  938. Michael, my Home insurance in Miramar Florida went up from $4,025 to $6,495.00 that is a huge jump man. Same thing happened to my car insurance. This is getting out of hand quick.
    82
  939. My parents taught me about money management. My mother was gifted at it. When me and my siblings borrowed money from her in our youth, she charged us 100% interest and kept the amount owed in a ledger! She said it was to teach us to never have to borrow money from anyone. She could really stretch a dollar to its max. She was my inspiration to get a business degree and it has served me quite well over the years. We were taught to never get anything that we couldn't pay for. I got a law degree and paid for it myself. I have a friend who owes more on her law school student loans today and we've been out of law school 28 years!! In my interview for law school, I was asked by a professor why I wanted to go to law school. I told him that it was my right as an American citizen to pursue any endeavor I choose AND I have cash money to pay for it. ACCEPTED! 😁
    82
  940. You get 1.50 and a sticker🤣
    82
  941. Inflation is just a fancy word for GREED
    82
  942. I think a HELOC is the worst loan you can possibly take out. Borrowing against your place of living has bad written all over it.
    82
  943. I'm wondering how a 20% reduction is a crash when the housing market went up over a 100% in the last 4 to 6 years
    82
  944. Corruption and stealing never ends. It happens everywhere and all the time.
    82
  945. Michael really deserves the 100,000 subscribers and the play button. Michael taught me so much about the real estate market and the economy that I never thought anyone would teach me so much. Thank you Michael😊
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  946. Real estate doesn’t always increase in value; the dollar keeps losing value. While waiting at a supermarket checkout stand last week, I noticed that ordinary candy bars were “on sale” at 3 bars for $4. When I was in grammar school, a local drug store sold candy bars at 3 bars for $0.10 (yes, a dime).
    82
  947. Condo - Slave to the HOA Home- Slave to the city council and property taxes You're takin it in the Gabagool no matter what you do.
    82
  948. The Bible talks about debt and tells us to not go into debt.
    82
  949. This should not be happening in the USA. Don't even get me started on the medical system.
    82
  950. Cop fan shout out was dope af!
    82
  951. We pretty much know our economy is in the shitter.. now we're just waiting for our government to totally fail. And close their doors.. and relieve all the people from those worthless government jobs... And then the soup lines
    81
  952. TOO bad for those who prefer burying their heads in the sand. Thank you Michael.
    81
  953. This hurricane will have an effect on the psychology of those considering moving to Florida. I wonder if we’ll see that reflected in housing prices.
    81
  954. As a successful electrical contractor, we're cutting back big time like it's 2009. Business is good but commercial contractors know things are slowing and are cutting prices.
    81
  955. Finally people are fighting back and saying we're done with this. Keep it going!
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  956. Insurance costs are only one reason to leave Florida! We escaped in 2010 and even though it was a financial bloodbath we were glad to get out of the state. Michael, you’re covering so many different aspects of the market that we look forward to your videos. Your information is relevant to people in any state. Great stuff.
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  957. After returning from Ghana in 2002, I realized how wealthy I was, even as a "broke" college student. The opportunity to amass wealth in the U.S. is astonishing, yet people blow their money on useless things. It completely changed my mindset for what I wanted my life to look like, and what was valuable to me. Since then, even when I've been broke, I knew I could recover financially, simply by living in the Land of Opportunity and practicing wise money management. Great topic, Michael!
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  958. My father told me a very important lesson when i was just starting out working... "Just because youre making good money doesn't mean you can spend it. Live like you're barely making it in life until you have at least 4 months of rent, food, utilities, and essential expenses in a separate account (or preferably stashed cash in a fireproof home safe) before you even begin to think you can spend any of it on nonessential items, wants or pleasures. And then, when you think you feel ahead of the game & can go ahead with extra spending on fun things or nonessential pleasures & purchase, even have an amount youre going to allow yourself, cut that in half or double the amount saved, before you do. So when you spend only what you originally had budgeted, and it turns to have maybe not been the greatest idea to do so after the fact...you still have half and in the worst case, your backed up stash." I can't tell you how many times following this advice has kept me from being in a bad place, like others that hadn't done this. And the best part is...I raised my kids by example. Im very proud to say they live this way, as well. And when the pandemic hit? We were all just fine all the way thru it. Still are. During lock downs, shut downs etc...we all had plenty of food, cash and prepaid our cost of residence 3 months in advance. And believe me, our landlords were bragging on us, as his tenants. I wish this would be taut to every pupil in highschool. As relatives and friends would call around to check on each other, more answers would be: "We're fine here, we were prepared."
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  959. Here in the Northwest, I'm seeing mobile home parks being leveled to build apartment complexes , the land is worth a lot of money.
    81
  960. What goes up must come down.
    81
  961. I wouldn't pay a dime as a buyer. The realtors will just have to split that commission what seller is offering them.
    81
  962. As an insurance agent, I can tell you insurance is going to get much, much worse, and thats if you can even find it. More and more carriers are pulling completely out of the state.
    81
  963. It has nothing to do with interest rates, and everything to do with price. I wouldn't care if I was getting a 7-8% interest rate if prices were 30-50% lower than when they were when interest rates were 2%. The biggest problem is that $500,000 for what is essentially a shack is an untenable proposition for most people no matter the interest rate.
    81
  964. We didn’t have debt in 2007 and we don’t have debt now but it’s definitely worse now with the inflation. We can’t seem to get ahead every month.
    80
  965. Yes, ban anyone who isn't a citizen of the United States from buying real estate over the entire United States. No discrimination there. Our houses are for our citizens. We have hotels and rentals for vacations.
    80
  966. $76 million is insane. Even if you are that rich, why in the world would you spend that kind of money on something on a tiny lot that anyone can just walk up to? For $76 million I would think someone would want a massive amount of land away from everyone. And wow I just saw the $39 million for a plot of land? I'm starting to believe the theory that the Miami real estate market is a money laundering scheme.
    80
  967. Buyers agents wouldn't be needed if everyone had access to the MLs. I'm not saying they don't serve a role, but its a role people could do themselves if they had the same level of access.
    80
  968. I looked into buying a house and the seller said I had to waive inspection or he wouldn't look at my offer. I declined. My mama didn't raise no fools.
    80
  969. It sounds like basic living is becoming a subscription service.
    80
  970. If people don't like the rising costs of inflation... we should stop buying things that aren't absolutely necessary and retailers will be forced to lower their prices. Learn to grow your own food, stop buying clothes if you have a full closet, stop eating out, etc. We need to be appreciative for what we have and stop the whining. Live simple and life becomes amazing and so easy.
    80
  971. Value is subjective; a house worth more than a buyer can afford is worthless; not worth anything.
    80
  972. I do not eat out.
    80
  973. Her real estate agent had only 1 priority. Commission. No different than a car salesman. Glad you are the few who don't give bad real estate advice
    79
  974. People know what they are getting into by living in Florida. Beautiful until it's not! A person in Oklahoma said it best. We know we live in tornado alley. We love it here but know the chances we are taking. No one's fault but our own. Smart smart person! 🌞
    79
  975. Many YouTubers could possibly make big improvements by trying to emulate Michael’s highly efficient delivery style.
    79
  976. Born and raised in Orlando. Warning to all of you who see the "cost of living" as cheaper. It may look that way BUT the average wage/income here is abysmal. Most people assume they'll make the same wage but pay less for housing, food, etc. Not true. If you're moving here to work, words of caution: the same jobs paying you 140K up north will pay you 50K here.
    79
  977. You can't predict a manipulated market
    79
  978. I just spent 38 dollars plus tax 41 on a sheet of basic 3/4 plywood absolutely absurd I think we are in trouble
    79
  979. HELL NO! I WILL NEVER BUY A EV.
    79
  980. Content is well worth kicking in now and then. I watch these every day.
    79
  981. a normal working class life is not a good life in the US. but a wealthy life is fantastic in the US. So if your a regular blue collar working class person, you are better off somewhere else.
    79
  982. I feel so poor seeing those real estate listings. 2.6 million for that little house. Those listings are insane. Keep up the good work!
    79
  983. Great show today Michael….as an investor for 40 years here in Colorado I know a lot of property developers including Richmond Homes and a friend of mine that works for them, a VP, he told me this past weekend that they are desperate to sell their new builds…reducing prices by $40-50,000 AND buying the rate down for the entire 30 year loan…we ARE being totally lied to…thanks for your hard work 😊
    79
  984. In 1996 or so, the park I was living in got bought by one of these investors. (In Texas) Rent jumped from $85 a month to $150, 195, 210 and rumor had it that the goal was $500 a month by 2000. I came home one day to find that the beautiful shrubs that gave me a good privacy screen between my neighbors house and mine,( a 20 foor space) had been stripped down to little stumps, giving the neighbors full view of my home. My house was paid for. When I asked the manager why they did that, she said, "we need to have full view of your house". I'm a single mom in my early 40s my son was currently in a treatment center. It's just me. I asked what they needed full view of, and she said, those are our trees. Too bad. The next day I was at a new mobile home dealer looking at land house packages. I was moved out in 2 months. 1999. Now my home on 2 acres is fully landscaped with beautiful full tall trees. The mortgage is paid off and I'll never be forced off my land. I advise any mobile home future owner to only buy if you have your own land. This is why...
    79
  985. Great video and I 100% agree!! We are being lied to while the country is falling apart and the politicians expect us to all just go along with it.
    79
  986. A hurricane is approaching and Michael's still walking around in a cutoff tee and shades lmao love it
    79
  987. My insurance doubled down here on the Florida west coast. My neighbors all think it's so great that our homes have gone up in value so much. I tell em, well now you pay more for property insurance and taxes. I'm retired. I want my house to be worth 29 cents! I guarantee that when these houses go back down in price, my taxes and insurance wont' go back down.
    78
  988. Rent will increase as long as taxes and insurance keeps increasing. Landlords will not eat the cost associated with their property they will pass it on to the renter. So rent will increase.
    78
  989. "80% of GDP is consumer spending." Exactly. And, if I had to guess, a lot of that consumption is probably on credit and not cash, meaning consumer debt is also increasing, which is already out of control. When 80% of GDP is consumption, that's not real growth of an economy.
    78
  990. What ANY company gives out, they can easily take back. I have a minor example of this. Where I work, for the last 2 years they gave us MLK Day as a paid holiday. This year they took it back, with no real explanation. I feel sorry for the workers that were lured into thinking this was going to be a permanent way of life going forward. The days are gone where you can just base your entire life on one company.I love my job, but occasionally, I run scenereos through my head about what I would do if I suddenly had to leave it. That's the world we live in now.
    78
  991. Your audience appreciates your perseverance and dedication.
    78
  992. I seldomly hear the politicians calling out the corporate landlords. Too many donations at stake.
    78
  993. I think it's a HUGE mistake to buy a house together unmarried. But if you do, there needs to be a clear contract and it should be treated as a business arrangement. You both should have a lawyer to set up the deal.
    78
  994. Scary thing is that at least when rates were 18% in the early 80s the cost of a cost was only 50K and only needed 1 income and that was a 20 year term!
    78
  995. Keep it real Michael....I love to take these walks with you everyday!!!! I emigrated from a communist country 25 years ago....I can take reality...I just wish Americans wake up to reality.....
    78
  996. Hearing about a default cycle in the housing market is certainly alarming. Defaults can trigger foreclosures, which in turn can have a cascading impact on the broader real estate landscape.
    78
  997. The biggest factor in the 1980s housing market was home prices. In 1983, when my parents bought their family home, the median US home price was $75,300. Average median household income was $24,580. Home prices were only 3x income. Also, how many households only had one income? In my neighborhood (Layton, Utah) you didn’t need both parents working to make ends meet. The majority of my friends only had one parent working. In 2022 we work twice as hard (two income families) and get less.
    77
  998. I am European and when I was a kid we used to live in a house by the beach. Idk who in their mind thinks living right on the beach is great. First of all you get tired of looking at sea all the time. Second of all the salt from the sea ruins houses. Third your house gets damp inside. When I went on vacation to San Diego, we stayed in the hotel on the 14 th floor with the view on the bay. All the bed sheets including my cloths were damp. Anyways I would take a house with the view on the trees and flowers anytime of the day vs sea! If I want to have a view on the sea I will just go to the beach.
    77
  999. I just love how Michael explains and talks about the real estate market. Even if you haven't been to college or aren't a real estate agent, you can understand everything Michael is talking about. Thank you Michael 😊
    77
  1000. Michael, we know that you are just the messenger. Providing facts, info and truth. Thank you
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  1001. I live in The Netherlands and I'm seeing some hilarious pricing over here as well. People who bought a condo in 2020 for 100k now listing it for 275 and higher. Other single family homes that sold for 500k 3 years ago, now listed for over a million. Sellers list for a really high price and they just leave the listing up for months, without any offers. Who on earth thinks this is sustainable? Almost doubling of the price in 24 months. Ludicrous levels of greed all over the place.
    77
  1002. Buying a condo anywhere in the United States is ridiculous, especially in Florida. I always tell my clients to not invest in any condos or properties that have HOA fees attached to the monthly mortgage payments. Florida is proving to be a complete disaster for the condo market.
    77
  1003. Going into debt to take the family to Disney land. WTH?????? We're doomed as a species.
    77
  1004. Everything is too darn expensive, including all vehicles 🤢
    77
  1005. 19:00 I'll break it down for you Michael. The reason why these cities are banning Airbnb is because criminals are using Airbnb for criminal activities such as human trafficking, drugs, loud parties, burglary, & package theft (especially in those cities you mentioned). Recent studies have also shown that the crime rate has increased substantially in neighborhoods with a moderate to high percentages of short term rentals.
    77
  1006. Insurance and taxes are really out of control, condo fees also.
    77
  1007. We are one of the few countries that allow non citizens to own land .. we as USA citizens cannot own water front properties in many countries…
    77
  1008. I like Michael's wit. Walking past $10m houses in Tiburon, CA talking about how lousy the economy is doing. I'm sure the vast majority of people living in those houses are doing fine financially.
    77
  1009. Yet another sign of the state of this economy. 😢
    77
  1010. Michael, your channel is a testament to less is more. No background music, no bells and whistles, just straightforward content. Love it.
    77
  1011. In probably many states, perhaps including Florida, it's the developers who write the law, via huge campaign contributions to state politicians.
    77
  1012. Buy stock in cardboard, homes of the average American 😢
    77
  1013. I truly feel terrible for all those institutional investors we should send more of our tax dollars to them to bail them out
    76
  1014. Sold my house in March 2020. I wanted to buy a condo but prices shot up so I have been renting instead. I had been angry with myself for not buying during the rise. Now I think I made the best move by just renting. Getting out of DADE County for something farther north - buy or rent - might be the next move. I predict an eventual drop as the inflated housing / condo market falls apart.
    76
  1015. In 2002 I was warning that THIS IS NOT SUSTAINABLE and that was after reading an article in the Sun Sentinel saying the "average" cost of a home in Broward was $400,000. WE NEED the entire housing market to collapse so bad until the REAL affordable $100k homes return back to the market. People earning $15-20/hr should be able to afford a single family home and not be forced to rent.
    76
  1016. I'm 73 and scared to go to the grocery store! I have to pass by my favorite foods I bought before 😥😥😥😥😥🇺🇲🇺🇲🇺🇲🇺🇲
    76
  1017. I didnt suffer but my mom died in 2009 and we had a struggle to sell the house , didnt make any profit. It's worth about 150K more now. I looked it up recently. She died with a Heloc too. It was a mess. Personally, Im doing much better. I'm smarter with my money. To put things in perspective, my parents bought a house in 1984 and interest rates were like 12.5 percent.
    76
  1018. In this environment, many people are realizing they might not want a 5k a month obligation hanging over their head, especially on a possible deprecating asset.
    76
  1019. I had the same problem with squatters in my rental property. They also ran up a huge water bill because of the hot water heater developing a (unreported) hole in the bottom that poured constantly into the crawl space. With no help from the courts I eventually managed to change the locks when they went out for something.
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  1020. "Growth recession" is another example of politically-motivated BS. It is thrown out there to mollify the morons among us. Other examples: "Putin price hike"; "Inflation Reduction Act"; etc. Thanks for your common sense and decency, Michael.
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  1021. Between real estate agent commissions, title, transfer taxes, seller concessions, the vast majority of sellers are paying approximately 10% of the purchase price in fees/taxes to sell a house. I think everyone can agree that's absolutely silly. This is without a doubt the spark that started this, especially when the market started getting a bit turbulent.
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  1022. I’m in FL and a single ear of corn costs $1.50 at a store I go to. I remember 10 years ago you could get TEN ears of corn for $1.00 at the same grocery store. For some reason Floridians are getting ripped off on the corn, because over the summer we traveled to another state and paid like $1 for three ears of corn.
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  1023. The message has been sent: work with upscale products for upscale people. There is no crisis for rich people.
    76
  1024. A Michael video a day keeps buyer's remorse away
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  1025. Mike your videos should be mandatory for 1st time homebuyers!
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  1026. Today's homeowners are not pricing their homes accurately. Some are greedy and delusional, most are just plain nuts.
    76
  1027. Having kids now is a complete economic trap of the worst kind.
    76
  1028. In 2005-2011 I sold stocks, did mortgages and worked in debt field. As I ran an expense sheet for my clients, it was car pmts that became the tipping point. At that time it was around $1200 a month for 2 cars. The problem with people’s thinking, is they think the available amount to use on their credit cards is their money.
    76
  1029. My Sicilian mother always said, "It's just a house. Be ready to walk away if you can't buy it at the price you feel right. You hold the money, you control the deal. There's always a better house to come."
    76
  1030. That house is more than 1/2 million dollars 😂. Totally ridiculous 😂
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  1031. The party for Florida is about over. Between insurance and mortgage rates; 2024 will be the year for realistic adjustments and perhaps more exoduses 😮
    76
  1032. Most people don't want to work, no matter what generation. But, we have to work.
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  1033. Anybody that kicks out a senior from their only place in the world by giving them a surprise $70k bill.. deserves the electric chair in my books.
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  1034. You are NOT negative. I look forward to your informative podcasts. I for one appreciate the truth about what is really happening in our country and world. Thank you, Michael, you are appreciated!!!
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  1035. They run out of money to “buy” leads and are afraid to cold call.
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  1036. When it comes to Buying I have the Feeling that a lot of People only focus on the Listing Price and the mortgage, but they forget about all the maintenance costs for the House. Thank you for reminding this important point Michael!😊
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  1037. LOL Everybody and their mother was an agent during FOMO. Thanks Michael and have a great weekend!
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  1038. Thank you for sharing your experiences and impressions of California. I really appreciate that you still do the daily Videos for us to keep us up to Date on the Housing Market, even your on the Road Trip Thank you a lot Michael 😊
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  1039. Outrageous lot rents for a postage stamp piece of land is well, outrageous.
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  1040. $34 trillion in national debt? This country is in big trouble, we're heading towards a huge recession.
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  1041. Another consideration is this. When the price of houses were 150K - 200K I can see asking for 6%, since it isn't that substantial of a number. But when houses like mine cost around $700,000, 6% of that is $42000? Does anyone deserve $21,000 to list or show a house? There are just too many people with their hands out when you want to sell. My first house I sold was by owner, and I paid an attorney around $1000. Now, that was fair. I think that's just ridiculous, and when it comes time for me to sell, I will definitely negotiate that down.
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  1042. In SW central Florida, the cost of rent exploded. My stepdaughter rents a crappy older mobile home on a small piece of farmland. $1200 a month for a tiny 2 bedroom. A lot of this is greed and supply and demand. This is not sustainable . I see a major housing crash and a lot of people homeless on the horizon
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  1043. Whoever jumped the gun buying a home and didn't count up the cost.... Is in a WORLD of trouble. Good stuff 💯
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  1044. Florida is great for vacations but not always for full time move. I’m leaving soon, the heat and humidity all year, miss the fall time foliage, crazy people here and also angry drivers/heavy traffic, crime, sunshine dollar pay, bugs. Overall the more people that come here the more congested it’ll be and won’t be as comfortable to live here down the line.
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  1045. Lots of people who drop out of college weren’t qualified to go in the first place. There needs to be massive expansion of trade and certification programs in high schools so kids are ready for something right out of high school. Government workers have pensions. We pay for them.
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  1046. Brick and mortar is dead, I would rather support a local food truck.
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  1047. This kind of government thinking is why I will never again be a landlord. Bad behavior is rewarded on the back of everyone else.
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  1048. Tough-love is exactly what's needed. Well done, Governor.
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  1049. STR made a mess out of neighborhoods, taxes, affordable. Thanks Michael and Happy Saturday!
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  1050. I rented for 39 years. The problem came when my husband came down with cancer . He had Alzheimer's. I couldn't get him up the stairs anymore. Third floor no lift. Went to the complex where my daughter lives. The woman said. Unless you're making $60,000 or more a year don't even apply. My husband had Alzheimer's for 21 years. No we didn't have $60,000 coming in. My only option was to go for a manufactured house in the development. Right now: landlords are looking at people's situation. Your income . Even to rent.
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  1051. Lower rates but Houses are up 30%-40% over the last 2 years. Nah....I'll wait for prices to come down!
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  1052. I retired at 60. I had one year of fun before my husband and I started having health problems. Now I'm a full time caregiver for my husband. Definitely not the retirement I hoped for. Also, don't put off taking your social security. You paid into that, so it's your money. I have friends who didn't live to 62, so never got a penny of what they paid in.
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  1053. I grew up during a time when people purchased a home for shelter not as an "investment". Housing prices would go up 2 to 3% a year marking the rise in inflation as well as marking wage increases, but that's it. Now your bidding against Wall Street speculators with deep pockets, foreign money dumped into US properties for safekeeping, air B&B speculators and flippers. It's the worst of predatory capitalism. Foreign money should not be allowed to purchase US properties. Institutional investors such as Blackrock should not be allowed to purchase residential real estate driving up prices artificially. Air B&B was always a bad idea. They ruin neighborhoods and again you competing against conglomerates. The whole market is infected. Purveyors of Adam Smith's supply and demand thesis will disagree with this, but this is one area where everyone should be given a fair shot. You don't need to own a stock, but you do need to have shelter and when the deck is stacked against 80% of Americans there's obviously something wrong.
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  1054. People are trying to dump investment properties before the market crashes
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  1055. I was born in the poorest state, Mississippi. In spite of my poor upbringing, I refused to make excuses and raise my skillset instead. I have no interest in living in another country.
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  1056. I’m not going to kick out 😊my daughter,she’s studying and working,she puts $600 for her room .
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  1057. We're on a crash course with history...
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  1058. Yes, I current have a 25 mile drive to work, which ends up being a 50-60 minute commute. That’s almost two hours driving each day, and I can guarantee it’s linked to poor mood. 😣😵‍💫🥴
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  1059. I think the gaslighting by the government, denying reality, is making us all anxious about everything.
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  1060. So companies raised prices 30-50% in the last few years and now they're lowering them by 5%-10% and that's considered a "win"?
    74
  1061. I quit looking 8 months ago. It's been impossible. My mental health is definitely better. The only people who can afford homes now are mostly the upper middle class
    74
  1062. Sorry but these properties still look way overvalued.
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  1063. Hey there Michael! Here in FL from NY almost 2 years. Reason: SUN, BEACHES & NO SNOW!! 😁 Do I miss the higher pay? YES!! But life here is calmer, more peaceful and I can finally ENJOY LIFE instead of just EXISTING...
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  1064. I sold my house in California near the peak of prices pre-2008. I literally had two prospective buyers show up at the same time and start a fistfight in my living room because they were upset at having competition for the house. These two men were not rational at that moment. Btw, I ended up selling to neither of them after I kicked them out. One of them came back past 11 pm that night, banging on my door and insisting I sell him my house. Had to call the cops on him! So I understand the "gold fever" mentality very well, having seen it first hand. I've never been tempted that way, because I learned a long, long time ago that decisions based on fear are almost always bad. In fact, every decision I ever made out of fear turned out to be a mistake. If people just stop and ask "Am I doing this because I'm afraid?" and the answer is "yes", then it's simple: don't do it.
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  1065. It feels like the American dream of home ownership is now a fairy tale. I’m sure it’s still possible in certain parts of the country, but we seem to have become a very ephemeral generation with frequent changes every few years. There’s no such thing now to have a career at one company and retiring with a pension. I moved across the country to pursue my career as a marketing artist, and the typical lifespan of a job is maybe 1-4 years at a company. Pensions do not exist anymore. Like you were saying Michael, if the monthly cost of renting is the same as a mortgage payment… Why on earth would I bare the burden of repairs and a big down payment to own? Maybe things will turnaround when prices drop, but right now it doesn’t make any sense to buy in many parts of the country.
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  1066. I'd love to see a % breakdown of where the money is coming from for these homes. Foreign? Institutional? Families? Probably not easy to find this data.
    74
  1067. Mitch is famous in the Real Estate world. He was recently interviewed by Travis Spencer and Todd Sachs You have the best guests Michael!
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  1068. I haven't been shoplifting but... as a Target shopper I've definitely noticed really outrageous prices on some things. Many times I've checked the price on something with one of their scanners and set it back down because I'm not paying that much. A lot of times it's things that you look at and think it shouldn't be much... like for example, some rinky dink plastic stocking stuffer toy that last year would be $3. Now it's $7. I had that happen yesterday with a couple things and just put it back. I COULD pay that much, I'm just not going to. That's just one example. So many of the cheaper items are creeping up in price. And with some of that stuff if isn't cheap ,it's just plain not worth buying at all.
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  1069. As a CPA, employers always checked my credit report. Can’t be late on payments!
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  1070. It is important to understand that losing your home to a repo and foreclosure is not the end of your troubles. Like he said, he STILL had a 100k debt he ALSO had to pay off!
    74
  1071. Glad Florida is taking charge and getting rid of the nonsense.
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  1072. THANK YOU! I agree 1000% from CA, national parks, vacation towns, the daggom Target, traffic anytime, ALL SH*TSHOWS now. I don't like going anywhere anymore and I order most of my non perishable groceries from Thrive Market. Civilization is going downhill 😔
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  1073. I found a way to drastically decrease the price of moving. I wanted to move my grandma’s furniture from Northern Virginia back to her house that I renovated in Southside VA. The guys charged me over $2K. The next time, I moved lots more items, including books by renting a UHaul and hiring guys on both ends to first place the furniture and books into the UHaul and once reaching Southside, VA another local crew moved the items off the UHaul into my storage house. I paid $700.00. The guys were very nice.
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  1074. We're heading into another Great Depression
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  1075. No annoying brainwashing catchy phrases, no begging for likes or subscribers just a steady stream of information right out of the gate. I appreciate you and your Chanel. Thank you for sharing your knowledge with us.
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  1076. Some poor old guy in my local news was on yesterday, He was getting evicted and was so distressed he poured gasoline on himself and the floor and light it on fire, the cop even got light on fire, but the cop survived, he died. WOW. Evections are a hard thing.
    74
  1077. Recession equals unemployment. It's going to get worst.
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  1078. This whole thing is going to destroy Florida.
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  1079. 2024 is all about hoping for the best, but expecting the worst.
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  1080. "Every boom creates a bust, and every bust creates a boom." I will never forget learning this and it is so true!
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  1081. I live near a Tesla Sales & Service Center located on Granite Drive in Rocklin, CA. I noticed Tesla's were parked on every lot onsite or offsite so I decided to count them. Approximately 1,000 unsold cars on Granite Drive. The issues with EV cars include 1) range anxiety 2) battery heavy car hard on tires 3) spontaneous combustion of batteries difficult to extinquish 4) not good in cold weather climates 5) replacement batteries $15-20K 6) poor resale value 7) Hertz dumping 20,000 EV's 8) etc. etc.
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  1082. If you’re not first. You’re last ricky bobby.
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  1083. Easiest way to tell if an insurance company is screwing you…… is if they are still in business
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  1084. I think Florida is very good for seniors and people who really hate snow and cold weather.
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  1085. Imagine clearing over $200K/year and still only being able to afford a condo in Boynton Beach. There's no way I'd move to Florida or California.
    73
  1086. Insurance is a giant racket
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  1087. Big money wants to move people from houses to apartments, from apartments to mobile homes and from mobile homes to the streets.
    73
  1088. Nothing wrong with renting. Owning a house is definitely not for everyone. There is freedom in renting and no hidden costs like owning has.
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  1089. In the last crash, the housing markets that had the biggest increase experienced the biggest crash. Watch out Arizona, Idaho, Utah, Texas, Carolinas and Florida!
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  1090. A couple in Palm Coast who are desperate to sell because they are having a house built in SC, should be interviewed by you. They are getting close to be stuck paying for two houses, because they waited too long to sell their Palm Coast house. Like I always recommend; if you are determined to sell, do it when there’s a bidding war, when no buyer cares about repairs. Dump the house and go pay rent until you are ready to move permanently.
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  1091. I make 250k in CA - which means my max mortgage is around 5k after 20% down. That mortgage payment is about the average house in CA 700-800k. With this in mind, I am in the top 10% in CA, and can barely afford the average house...RIDICULOUS. I think to myself "How the hell, are people buying homes right now, without being house poor wtf?"
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  1092. HI, Mike and Lisi!! Yes, the money IS FAKE!!! What ISN’T FAKE is how AWESOME you two are!!!! YAAAAAAAAAAAAAAAAAAY !!!!
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  1093. People when they're in Grocery store: I need to get the best deal on my vegetables. Also the same people when they're about to buy a house: Just let me get this old crappy House for 700K without any inspections.
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  1094. I don't plan on being in the real estate market soon, but I hope everyone would boycott the new car industry.
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  1095. Regarding Native Floridians, I’m happy to say that I’m not one of those who unwelcome people...I knew from a very young age that Florida is a very “special State” and I have loved having the opportunity to meet people from all over the World! You can’t live somewhere that is close to paradise...and keep it all to yourself!! Haha 😊 Now, I will say that it concerns me how many people they allow to move here daily, as I mentioned in my previous comment because I know of many other places that put a cap and limit on having people move there in order to have better management and being overpopulated, chaos and destruction, etc...
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  1096. Honestly, first and foremost is the price. Interest rates help but the extreme overpricing of homes to me is far worse as a concern.
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  1097. Here in Tampa houses went up 80% in 2021. Almost double in value so 10% is nothing. Hopefully it does drops 50% because that’s the only way it will be affordable again.
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  1098. This reminds me of when we bought our house in 2018. We used the agent that sold our townhouse and then we realized when she was our buying agent she intentionally wouldn’t show us certain houses…eventually figuring out she was only showing us properties that she was also the selling agent. Needless to say she was pissed when we just contacted someone randomly on Zillow when she was sandbagging seeing the house we ended up buying and currently live in.
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  1099. No one-car household should make that one car an EV. Range anxiety, winter-freezups, being totaled by a fender-bender... you run into one little problem and suddenly you have no transport. Single people can't risk it.
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  1100. I grew up in Florida and returned once when I was married. Headed back after 6 years in Texas and 11 years in Atlanta. Gotta have boat and beach access every week!
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  1101. I’m born and raised in California, as much as I love it the cost to rent is too much. I live in the Silicon Valley so it’s about $1,400 a month to rent a master bedroom (which is what most millennials do) then 1bd apartment starts at $2,300. Wish I could stay since I love hiking, the beach, and the weather. Also have most my family in CA. But I’ve visited Florida (Tampa/Orlando/Sarasota) twice now and WOW. The beaches don’t even compare. They’re clear, not dirty, warm. I fell in love with the ocean in Florida. My beach is Santa Cruz here in CA and it’s nasty. The cliffs are beautiful gotta admit, but Florida wins overall in beaches. There’s also hiking in Florida and it’s nice that I won’t have to worry about mountain lion encounters. The people in California are also very selfish and think they’re better if they make a lot of money. California will always have my heart but Florida is definitely on the horizon for my future. Thank you for this really informative video 🙏.
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  1102. $8,000 x 12 = $96,000 per year to RENT !!! That’s the definition of insanity
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  1103. Literally me. I want to move to a particular Florida coastal town and I'm getting to the point where I don't care about rates or the fact that I'll be paying a 50% premium to what people paid pre 2020. Playing it safe has gotten me nowhere as inflation has eaten away at the purchasing power of everything I spent years saving. Everyone else got their dream places the past few years, I'm tired of waiting for mine.
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  1104. Here’s a realtor advising people to slow down before rushing into purchasing a new home, a home equity or anything else. Refreshing! Brilliant!! ❤️
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  1105. Our government needs a complete overhaul. If you’re not dirt poor or extremely rich you’re screwed. Taxes, price gouging, inflation. These things are forcing people to work 2 (maybe 3) jobs just to survive. And this is supposed to be the “American Dream”????
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  1106. School boards had parents arrested for trespassing after they cut them off when they were objecting to curriculum, and told them to leave. When the parents didn’t leave it became trespassing, and the board called the police on them. But a person breaking into your property and living there is OK and you can’t get rid of them. Hmmm ….
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  1107. I was just watching Southernprepper1 this morning and he mentioned a furniture store owner saying that his biggest sellers right now, is bedroom furniture including foldaway beds and bunk beds. He started asking customers about their purchases and they were telling him that had family members moving into their homes. I'm assuming that people can no longer afford the rent being charged so they have to move back home.
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  1108. My folks retired to West Palm Beach. They live in a condo. My mother called today amd was venting about the new insurance increase that will hit for 2024. She said the increase will be 50% of what it is now. Florida will be the new place "not" to move with how crazy its becoming down there!
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  1109. I just opened a credit card notification letter indicating they are raising their interest rate on lines of credit to 34.99 %.😮😮😮😮. Folks who have credit card debt will not be able to pay down their credit expense bill. It's so unfortunate.
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  1110. No. You do have a choice - live within your means.
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  1111. Give a man a fish and he will eat for a day, teach a man to fish he will eat a lifetime.
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  1112. I think it’s been rough on everyone. Take care everyone.
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  1113. Cant speak so much for condos as it is a minuscule part of my business, but i am a lead technician who works at residential mold remediation company in the New England area. I can definitively say that there is overt fraud being committed on a daily basis mostly on the sell-side realtor part of the RE industry. The amount of newly acquired homes of which the mold issues are completely being hidden or overlooked, or at the very least massively understated. We are scheduled out 3months in advance! People dont realize to properly remediate a household that is contaminated with mold can be just as expensive as replacing whole house HVAC or adding an edition onto your house, and the realtors just completely skim over this stuff like “oh ya its just a little mold in the house u can clean it yourself or hire a house cleaner. Thank you for bringing up stuff like this Michael these people need to held accountable for their actions they are ripping off honest hard working people during the highest recorded asset prices in history i mean can we talk about moral corruption/greed/ethical decline of a nation/society its so sad to witness day in and day out.
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  1114. Seniors can't even downsize because nobody is building tiny homes.
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  1115. They dont wanna go where there are any rules. They would actually rather sleep on the street than go to safe shelter where there's rules.
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  1116. Tired of everyone getting free rides
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  1117. If government officials are telling me not to buy a condo…I feel like I should probably buy a condo.
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  1118. Totally agree Michael. Life is too short. I’ve known many people who waited for the max and then they were gone. 😢🤔
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  1119. If you retire at 67 it will take you 15 years to get back what you lost by retiring at 62. How many of us will live past 82? The sooner the better.
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  1120. My first house was a foreclosure. Asking price was 180K. I offered 160k and the bank accepted. it was in a very nice neighborhood in Orange County CA. The only major repair was repiping, reroof, and furnace replacement. Throughout the years, i upgraded the front and back landscaping myself. it was a lot of work, but added to the curb appeal. The year was 1994. Those days are over.
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  1121. I had a company trying to buy my rental property for YEARS. One day I'm in Costco shopping and they called, so I was like WTH, lets see what they have to say. The offered me 40% of what my house was worth. I just laughed at them and told them to put me on their do not call list.
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  1122. Michael, I agree. I'm an old guy now, and I am from the "old school" mentality, being raised by parents who were only seven when The Great Depression hit. The biggest car payment I ever had was still tough on my budget, but I just couldn't imagine having one as big as a mortgage. Again, and YES, I'm not the "average" type who watches your stuff. Another great offering man. Keep them coming.
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  1123. Some day we might get tired of rebuilding the same areas over and over and notice Florida is only good for vacations and no one should live there
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  1124. Hit like if this economy is kicking your butt.❤
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  1125. Would be funny if pending sales dropped off this month just because people realized they'll have to start paying student loans instead. No amount of stupidity surprises me anymore.
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  1126. Love these crossover guest episodes. I follow you, Travis and Nick Girli. Now we need a round table episode with the 3 of you together sharing your combined knowledge. Very cool. Thanks for what you all do.
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  1127. 40% rent increases isn't inflation, it's price gouging. Great video!
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  1128. Like a drowning person trying to climb into a boat, getting shoved back under just as they almost get in.
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  1129. In the late '80s, shortly after college graduation, I was California Dreaming of leaving Massachusetts, and started applying for jobs in LA and San Diego. I turned down a couple of decent jobs to accept a job transfer to Miami in 1990. Same dreams about ten years later after finishing my MBA and, again, declined a couple of decent CA job offers to take a job in the midwest; returning to FL after a couple of years. Almost 30 years in FL now. At this point, CA is of no further interest.
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  1130. It's no use worry ourselves sick over this. Nothing lasts forever. Try to live a simple life and have gratitude. It's physically and mentally healthier
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  1131. I live on $1800 a month in Social security. No debt and I live alone, own my condo in CT outright. Don't travel to Europe anymore. You can do it !
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  1132. I’ve lived in the LA area for nearly four years, and I was stationed in Florida for 6 years. I’m considering returning to Florida in the next two years. I made a pros & cons list recently and for my situation Florida won out.
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  1133. I’m kind of surprised that condo had neglected maintenance for that long. But I am in a condo in AZ and one thing I’ve noticed is that whenever there are HOA meetings with the board, there are maybe 10 owners that go. It’s a 60 unit complex. So ultimately most people just don’t care to know what’s going on with it. I’d be interested in knowing how many of those owners that got kicked out unexpectedly were paying attention to what the board was doing with the money.
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  1134. These prices ain't nuthin' compared to housing prices in the 10 largest cities in Canada. My house (2,800 sqft) I purchased new in 1998 for $176,000, now evaluated at $1.2 million for tax purposes. The housing bubble up here is beyond ridiculous.
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  1135. I remember my mom getting a mortgage to buy our house back in the 80's when she was working at McDonalds. I highly doubt anybody working at McDonald's at least at the restaurant level could qualify for a mortgage to buy a single family house these days. It's unreal
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  1136. prices went up 40% in 2020 to 2022 and only 5% decrease is not cutting it. I will need the whole 40% to go away.
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  1137. I agree that nobody should be accosted by the homeless while enjoying the afternoon. However, over 70% of Americans are one paycheck away from homelessness.
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  1138. it is hard to find honest real estate agents. Thank Goodness for Michael and his research & common sense!!
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  1139. And one reason why we have this inventory flood is that everything is getting ridiclous un affordable especially insurance and taxes and people are forced to sell their property.
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  1140. Don’t buy from flippers and don’t rent from investors. 😉
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  1141. I’m old enough to be your mother (I think) and started to watch you when you just started out. You’ve really matured into a very intelligent man.
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  1142. I would rather have that house next to me than be in a HOA. Great vid, as usual.
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  1143. Nothing will create a family feud faster than the parents leaving one of the children the house and the other kids getting small cash payments. I've seen that first-hand, it's all about the Benjamins after the parents are gone.
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  1144. With my house it's bad enough paying for taxes, mortgage, and insurance. That last thing I'd need is a HOA fee. I've seen HOA fees larger than all my house expenses combined. That's insane.
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  1145. Home prices may be dropping but they’re still so overpriced it doesn’t matter!
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  1146. The "I'll just refi later" is a classic example of normalcy/recency bias. People fall into this trap all the time. Just because things have been one way recently doesn't mean that has any bearing on how they'll be in the future.
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  1147. People are still desperate. We went to look at a property today that fits all of our needs, went on the market yesterday. One hour outside of town, several acres, middle of nowhere basically. Did a lot of research on nearby sales comps and went there KNOWING it was overpriced by about 25%. First thing the listing agent tells us is, "we already have a full price cash offer." We also have cash but not that much, so I told her "take it, you'll thank me later." Asking some questions we were also told we were only the second party to even bother looking at it. Who offers full price right now, especially if you're not up against competing buyers? If it was a smokin' deal I'd understand...but it isn't. The square footage on the listing was also exaggerated by 500SF as well, I wonder if these cash buyers are even aware (doubt it). Clown world is still active, folks. I work with a lot of wealthy, shrewd people, and none of them do crazy stuff like that.
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  1148. Hi Michael, I watch you everyday, you always have great content and you have a cool way to deliver it…have quite a few friends who now follow you too, take care brother…
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  1149. This is a terrifying time to live in. Thank you for keeping us informed and sharing your thoughts with us. You do great work. Keep the information coming, sir!
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  1150. My mom lives in a mobile home park near Santa Clara, CA and she pays $1,200 to rent the space and she's been there 15 years. The new tenants pay anywhere from $1,400 and up depending on the size of the spot. These mobile homes park have communal pools, library, hot tubs, gyms, gathering areas for parties, etc... amenities are really nice. So not all mobile homes are next step to homeless. RV parks is another story.
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  1151. My good friend is 77 and lives alone with 7 cats in Sarasota. She says she is staying put in her home. She just put a brand new roof on her ranch home a few months ago which cost her 30K. I guess she feels safe, even thou Ian is coming soon. Prayers said for all of Florida.
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  1152. I'm OK with home owners insurance being gone, only if the laws change where you can't be sued because someone slipped and fell in your driveway.
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  1153. Here in California, I recently got my insurance renewal notifications. I have auto, homeowner's and umbrella coverage. I normally pay for a year's coverage in advance, but my auto policy only gave me the option of paying for six months in advance. My impression is that insurance companies are starting to get worried and don't want to over-commit themselves.
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  1154. I so agree with everything you said, especially “you don’t have to be rich to be rich”. Health is I believe the most important asset you could ever have, and gratitude for all one has is so important , every day.💜
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  1155. I'm from Texas and for the past few years have seen thousands of Florida license plates
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  1156. Wow, two of my favorite creators, hangin' together! Thank you both for entertaining me while you keep me informed. You guys rock!
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  1157. Great video. I've been in HOA for 20 years and can't wait to move . Last letter was that my bbq pit was not technically in my backyard. BTW, my house is a corner lot, so differentiating my actual backyard is up to discretion, no doubt . I'm done with The Woodlands TX.
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  1158. It never fails. Idiots always vote yes to up property taxes. That doesn't help.
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  1159. I just don't think you want ppl to move there cuz half of NY is there are they getting on your nerves already 🤣
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  1160. My HOA was paying some company $11k a year to maintain about 1200 sq ft of grass. It’s a racket. Condos doubly so.
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  1161. I just quit my job that i liked because they would not give me a dollar an hour raise. I have been there for 8 years and i have been getting about 35 cents an hour every year. I quit and retired. I'm 60 anyways and i made more money 20 years ago.
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  1162. I've spent a LOT of time in SE, the keys, and the west coast of FL. This is the not so romantic reality of living in FL. A lot of people think moving to FL is nothing but rainbows and unicorns. While these storms don't hit every day, it can be frightening being in a significant one. The lack of elevation along the coasts makes the storm surge VERY concerning as well. It's one thing to say it's no big deal, we'll just cope with the storms, it's a whole other thing to see the water rising through your house and for the windows and the roof to get blow out. These storms can be no joke!
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  1163. Even if rates go down or stay lower, credit is drying up and the only people getting mortgages will be those with lots of assets and a great credit score. Banks and other lenders are becoming more and more apprehensive writing mortgages.
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  1164. I've looked into Condo's because when I was starting my real estate journey, they were cheaper, even with the HOA dues. I was aware, even then, that I could not control those costs and they could skyrocket beyond my control, so I elected to buy single family homes, where I could control the costs better.
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  1165. I took a course on buying a house before buying, one of the speakers was an insurance agent. One thing he said that stuck with me was that any place can flood. It can be in the middle of the country, away from rivers, away from the coast. If it can rain there, it can flood there, and flood insurance is not covered by any standard home insurance policy. Flood insurance is also extremely cheap outside of a flood zone.
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  1166. America the land of "Pay More Get Less" even in insurance.
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  1167. Great observation Mr. Bordenaro except for one thing; I have been trying to re-enter the workforce for years and no-one will grant me an interview let alone offer me a position for one simple reason---The brain-dead bigotry against seniors in the workplace (which is illegal and yet impossible to prove). That's what you should be addressing.
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  1168. Did you see Trump won the Miami-Dade County last night. I thought I would never see Dade County going Red in my lifetime!
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  1169. The fact that they say it is not happening means exactly that it IS happening.
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  1170. People are gonna be screwed
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  1171. Michael as a loan officer I did a lot of cash out refinances in 2022. People really pushed the limit on those and some have come back asking to do it again but a lot of them don’t qualify because of a higher interest rate or they have used up 75-80% of their equity. In general it’s just hard for most people right now. You really need a household with 2 people working each making $80-$100K to get ahead if you live in a big city. And the whole refinance later is bs. There is loans with close to non closing costs when you refinance but the equity needs to be there
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  1172. I wish we had cooler weather. Here in St. Louis. It will be 100 plus with heat index all week.
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  1173. 1/2 their income on a home they'll probably never own!😮
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  1174. Michael, I am so glad that you brought up animals. Back in 2015 my second-to-last insurance company dropped my policy. We had a dangerous breed dog he was 1/5 Pitbull. We had a piece of sh*t walk around my house and seeing my dangerous breed dog by in my patio. My house was already 21 years old at the time. They were looking for any excuse to drop me as a policy owner . I am 56 years old and I never seen this country and this state of disrepair. I feel sorry for the younger generation they have a long tough road ahead of them😔
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  1175. I wonder when they'll start charging homeless people property tax for the patch of sidewalk they're on.
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  1176. I remember when the monopoly game started in my life.. My 175 dollar apartment was sold to an investor. Rent increased to 300. A year later, sold again to another rent goes to 425.. I realized then I could only control my rent by becoming an owner. Don't be a cash cow for landlords and investors. Buy something as soon as it's practical to do so. At least a fixed mortgage will have no annual surprise.
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  1177. This guy lives in his own universe or something, BoA guy. I can tell you, as someone who manages a gas station/store, the number of people getting $4.00 worth of gas and paying with change has become far too common. I get by and fortunately paid off student loans during the moratorium, but now however, am clawing my way back. Only problem is, wages don't keep up with inflation.
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  1178. You are absolutely right. Screw corporate buyers. If you think a corporation is EVER in your favor, think again!
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  1179. Just turned down a job offer. I currently work 100% from home very comfortably avoiding bad weather and traffic and this new company was expecting me to travel 1.5hrs across state lines 2 days per week. That's 3 hours out of my day that I don't get paid for with these gas prices! Hells to the no. I will never step foot in an office ever again. There is absolutely no reason for it. Especially for a moody depressed introvert like me.
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  1180. I love that you brought up how negatively your credit score is affected when you pay off a loan. When I paid off my student loans early (aka being responsible and paying back the money I promised to pay back) my credit score drop FORTY ONE points. It's sickening how dependent the US is on using a score based on how much you borrow money you don't have.
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  1181. That's fine. I guess millions of people are gonna be stuck with their overpriced houses.
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  1182. The main reason median prices are higher is that there are a lot of fewer houses under $300,000.
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  1183. Unfortunately higher rates will not solve the problem. The problem is the US government is spending almost one trillion dollars every three months, spending money they don't have running huge deficit. Until that changes no deficits a balanced budget inflation will not change
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  1184. So you can't stay in a tiny home with permission on private property but in California you can pitch a tent on the public Street and s*** on the sidewalk?
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  1185. Yep, that’s Canada, my home and native land. And our money’s worth nothing.
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  1186. Meanwhile employers have failed to give raises, certainly not kept up with inflation, workers are 4 years older, and many recovering from covid and other medical issues after isolation.
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  1187. As a 45 year local in central Florida, I can tell you maintenance and overhead will crush you and local blue collar, that maintains your homes, can no longer afford to live here. I'm throwing in the towel myself. It's really bad. Imagine, a a retiree, forking over 300 a month, minimum, just for mafia taxes....a MONTH! Add up the math for the year. Thats outrageous!
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  1188. In my area, realtors have switched from the pressure tactic of "buy NOW because prices are always going to go up!" to "buy NOW because interest rates are always going to go up and prices will never go down!" Get ready for plenty of denial and unsubstantiated "analysis" from panicking, highly indebted (they say "leveraged") real estate investors who thought buying a house for $100k over asking with a 3% interest rate was Willy Wonka's golden ticket. You know who I mean.
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  1189. The title couldn't be more wrong! I just put a down payment on my Mom's basement and plan on closing next week. Not much of a view, but it stays nice and cool in the summer... so I got that going for me.
    67
  1190. Property values go up, property taxes go up. Property values go down, you're underwater. No free lunch there and renting is nuts now too.
    67
  1191. Hi Michael, I enjoy seeing the property flips as well as the property taxes. Please continue to show them! Thanks
    67
  1192. "Selective recession", you nailed it.
    67
  1193. I believe it's due to the current eviction moratorium. Many landlords are afraid, that the new tenant without a job, might opt to not pay rent because he or she is protected. However, what the landlord may not understand is that 6 months upfront rent is better than a vacant unit.
    67
  1194. You are 100% spot on, yet again. I had 10 years of working in the mortgage field both as a loan officer and loan processor. Those lies were always perpetuated year after year. I'm glad you are speaking the truth because people need to hear it.
    67
  1195. You are doing a great job educating all of us. When I read people are "flooding to Florida" from California and Oregon, all I could think was how horrible it will be for them if Florida turns out to be as awful as where they just left. But God provides.....Peace Out.
    67
  1196. Looks like a lot of people will need roommates to help pay the bills.
    67
  1197. Been working on my credit for 2 years and now it looks like I shouldn’t have been. Isn’t this new policy discriminatory?
    67
  1198. This is what happens when you don't pay rent. Landlords can not provide free rent.
    67
  1199. Open door paid way too much for a home in our subdivision and took a $75k bath on it several months later.
    67
  1200. Yep... Greed happens all the time to everyone. Trust no one...
    67
  1201. I love watching these videos. I'm fascinated by the homes, which command ridiculous prices. They look like low quality homes anybody could have bought 10 years ago. Now, there is a very expensive car in the driveway. I've never seen a high end Porsche sit in front of a shack...
    66
  1202. People are doing cartwheels over the latest CPI numbers and it’s a great example of our instant gratification culture. Anyone who studies economic cycles knows it takes many years from peak until bottom. This pain party is just getting started.
    66
  1203. 3 billion people were roaming the earth in 1970 . Today 9.3 billion people are now fighting for the resources. Great video as always Michael.
    66
  1204. Yes, people will be forced to sell but there won't be buyers who can afford to keep up with Insurance, Government regulations, Interest rates.
    66
  1205. People making $140K a year can't afford a house and this is sustainable?
    66
  1206. I've noticed hotels are starting to slash prices too. Stayed at a Hampton Inn yesterday that I booked online for $88 (taxes included). Usually this chain for 1 person would be around $190- $225 per night.
    66
  1207. People need boltcutters. They need a plan that is much bigger than "how to buy a house" and afford it for a while. Inflation, taxes and insurance are what is going up and up, not RE itself. And commercial RE? A disaster. Auto loan delinquencies? Disaster. We are headed for a crack up.
    66
  1208. I am 74 years old I work 40 hours a week and physically able and I live very comfortable I did not choose to be living off just retirement and Social Security it wasn't enough
    66
  1209. What a 🤡 🌎 the US is becoming
    66
  1210. Michael, a while back I mentioned here that a condo never made to auction, but is recorded as a sold at auction for $105K. My daughter wanted to buy it for $270K tops, however, it wasn’t there for bids. A big investment company bought it and I can’t believe the condo that was purchased at foreclosure auction for $105K, just sold for $360K with crappy repairs. Cheap carpet, painted cabinets and walls, and 3 fans. Old appliances stayed. 1200 SQF.
    66
  1211. To owe these credit cards interest rates are really not worth it just too stressful
    66
  1212. Housing market is never going to crash in Australia as we are bringing in 700,000 immigrants a year, thanks to our government, yet only building 170,000 homes a year. 0.9% of rental stock available. We have tent cities springing up everywhere, which I never thought I'd see. Prices are continuing to rise here due to high demand, too little supply. And drugs are illegal here, so the homeless aren't just druggies hanging out. They are working families, or single parents.
    66
  1213. Used to live in NC and built a house in NC this is not an isolated case, that state is corrupt and rotten to the core in most public service departments. The inspectors are useless and the builders are mainly common criminals. The realtors work in tandem with the builders and simply chase the commission check. Ultimately the home owner is the one who suffers.
    66
  1214. It's not surprising that banks are taking a hard look at some of the older condos after the Surfside collapse in 2021. I think that was a wake up call to a lot of people about the actual lifespans of a lot of these buildings, and what can happen with bad maintenance, or even just a bad design.
    66
  1215. Didn't all these Realtors save a ton of money at the peak of the housing market? The housing market was hot for at least 3 years. There's also zero need for Brokers. With technology now, we really don't need Realtors. Schedule your own home inspection etc yourself and save 18k on a 300k home sale. That home equity belongs to you and not to an agent(s) that spent maybe 10 hours or less working on the transaction.
    66
  1216. People just need to hold out on buying a home right now. Thanks for the videos. keeping us up to date on things and being an honest person on everything.
    66
  1217. No one on those streets you're walking is suffering
    66
  1218. The greed in this country has reached evil levels.
    66
  1219. Real estate commissions are too damn high!
    66
  1220. I think you summed it up well. One can't raise the rent if the tenants can't pay. You can fix it up and make it nicer, but if the tenants are on minimum wage; there is no point.
    66
  1221. In 2017 we bought a home at 4% and when rates went to as low as 2.5% in 2020, we thought about re-fi because many were doing it, but after the loan fees, appraisal, inspection cost (we could either pay out of pocket or add it to the principle)-it would be $6k to refi to save $150/mo and reset back to 30 yr- we declined, didn’t make sense to us.
    66
  1222. A critical component of this mess is that the condo board/HOA allowed maintenance to fall so far behind that the developer has this enormous threat to raise over the community. If you buy into a condo, check their reserves, ask to see a audit of maintenance requirements performed by an independent engineering firm. If there is no huge honking expense on the horizon, there's nothing to scare the owners with. Be suspicious of condo fees that are low, yet cover a lot of expenses. Is it too good to be true?
    66
  1223. The negative comments from locals is because they don't want horrible Liberal policies coming from up North East Liberal agenda to ruin the beautiful place of Florida!
    66
  1224. Telling Americans to pay off debt is like tell them to exercise. They will hate u for it.
    66
  1225. Just figure out which bugs you like the taste of 😂
    66
  1226. The push for electric everything is that they can shut it off with a flick of a switch, even remotely, if you don't conform to whatever they want you to do. They can easily blame it on downed power lines or whatever. With gas, if the electricity goes out, you still have heat, hot water, and can cook your meals.
    66
  1227. "need to be a millionaire to live a comfortable life" ive never made over 30k in my life
    66
  1228. Once people go through the process of evicting a tenant, they will probably decide against being a landlord.
    66
  1229. In 2010 my mom’s apartment in Vancouver Canada was sued by the city because they were not keeping it up to code. $40,000 charge PER UNIT because the city chose their own contractors to fix. It’s so much cheaper to just keep it up to date but the problem is it was mostly rentals and the landlords kept voting down the maintenance. Big surprise.
    65
  1230. I was a homeowner during all those times in California & you just waited it out & it came back. This time I’m retired & my wife is in the process of retiring so we felt we would get the most out of our house, we sold in November (actually we were 6 months late) so it’s the time to make the move. The rampant crime & Homelessness helped push us. Now living on a peaceful river in the mountains of Virginia. Ironically where we lived in So Cal , Riverside got more snow this year than we did in Virginia & it never snows at sea level in So Cal.🤪
    65
  1231. Making crime pay: "Steal from as many people AS INDIRECTLY as possible( like the taxpayer),the less direct, the less personal, the more likely you are to get away with it".
    65
  1232. Speaking of “fast food,” beware of those alligators!
    65
  1233. Not only did people Overpay, but Now they also have to pay their Inflated property TAX!
    65
  1234. Here in the Phoenix area, it’s dead. My daughter is a realtor and she took a job teaching school teachers in the Reservations out of state. I know 5 realtors, personally, none have sold a home since mid July. Two of them went out and got jobs. One moved away, to Michigan. One retired, she’s in her 70’s. Only Melanie is hanging in there, doing TikTok and hoping she’ll be selling homes, soon. But then, there’s around 40,000 realtors just in the Phoenix Area, and maybe the ones I know aren’t so ambitious.
    65
  1235. Manufactured homes in my area (hour north of Seattle) run about 450k for one built in the 70s, plus the land rent rate, which is about 750 per month, plus HOA. Still unaffordable.
    65
  1236. I live near Seattle...it has its good spots and bad spots...BUT IT IS way worse than its ever been...open drug use is part of the problem! POOOORRRRRRR Leadership!
    65
  1237. It’s mind boggling that companies would rather rent expensive office space then let their staff work from home
    65
  1238. My mom just bought a beautiful retirement home...in NC. Large 3 bedroom close to the coast for $480k. FL just doesn't math anymore, not only would the same house be $700k, the taxes and insurance would be $15k/yr more, minimum.
    65
  1239. Just because the one guy went silent doesnt mean the boycott wont happen.
    65
  1240. Life can be very hard. Don’t give up guys and keep moving forward even if it’s in small steps.
    65
  1241. I've never understood this in the US market, what does a buyer agent actually do? In Australia you have a seller agent and you go to an inspection, if you like the property you make an offer to the selling agent. Some people may retain a buying agent (advocate) and they are paid by the buyer in a fee for service basis. Maybe the US has too many realtors. 6% seems a ridiculous amount to pay on expensive property.
    65
  1242. "The things you own, end up owning you." -Fight Club
    65
  1243. "You get fined for riding a scooter on the sidewalk, but someone can take a dump in front of your house, that's fine", had me rolling with that line! SF is a hellscape.
    65
  1244. Yeah, the good old times where we used to think that a million dollar is a lot of money and you don't have to work anymore are pretty over!
    65
  1245. Nowhere to run ,California completely out of control and Florida's right behind with insurance companies
    65
  1246. Sorry Michael, but there is a very easy answer to this problem. Secure the border and let people migrate into the country legally. This issue would not be a problem. as well as more fair to current citizens and people waiting to immigrate legally, if the border was protected. Also, glad the sunglasses are back! :-)
    65
  1247. I've seen rents softening, but agents and landlords are still in denial and letting units sit for months. My lease is up in May and I will likely find month to month for a bit if things aren't hitting fan hard enough by then. No way am I committing to a year at inflated prices again.
    65
  1248. Just these past couple weeks, I got notices that Disney+, Hulu, Netflix, my water delivery service, my prescriptions and car insurance have all gone up. I’m doing some big cuts this year.
    65
  1249. America is not America anymore. Thats. The reality.
    65
  1250. Never ever will they announce it in an election year.
    65
  1251. I’m 100% out of the homebuyer market at this point. Thank you for being a steady, guardrail during the time I was in the market, Michael! I appreciate you. I hope your trip to CA over the summer is safe and successful. 😊
    65
  1252. I moved to San Diego from Atlanta and had $1.75 on me when I got here and no job. Fortunately, I had already paid my first month’s rent before I arrived, and my mom, who drove out with me, paid for some groceries. I went out the next day and got a part time job at a Blockbuster Video, and a week later, I got another full time job at a hotel. It was tough, but it worked out. This was in 1991, though. Don’t know how easy that would be these days, but I feel that where there’s a will, there’s a way!
    65
  1253. Don’t forget to invest in your health too! You actually inspire me to go for walks. No matter how much money you save the golden years can be not so golden if you can’t enjoy it. I gave up alcohol, coffee, exercise daily and eat a plant based diet. Health is wealth ❤.
    65
  1254. The housing inventory is exploding because the rent is too damn high!
    65
  1255. YOU took out a student loan. YOU decided to major in Muskrat Gender Studies. YOU pay it back!
    65
  1256. Sadly the homeless working their way into the multi million dollar home neighborhoods are the only way that the problem will get solved. The rich don't usually care about a problem like this until it gets to their door and they have quite a bit more power than the average person to do something about it.
    65
  1257. What we learn from history is that we don't learn anything.
    64
  1258. WalMart had a bunch of rollbacks today
    64
  1259. Car insurance is almost as ridiculous as home insurance in FL.
    64
  1260. Rates aren't the issue and never have been, it's the high home prices.
    64
  1261. I'm 65, Self employed and being retired would be boring. I have plenty of money to retire comfortably, but I would go crazy !
    64
  1262. As someone who was activeley searching and was ready to buy in March 2020. This has been a long long drawn out almost 4 years. I'm exhausted from this wait, but im glad I was responsible enough to hold out. The Texas market is unbearable.
    64
  1263. Anyone who accepts an “adjustable” mortgage knows exactly what it means. Stupidity is its own punishment.
    64
  1264. If your employer treats you good, work. If not , retire A.S.A.P. I retired at 61 1/2. They thought I was joking, I wasn't.
    64
  1265. NYC charging a toll to come into certain parts of Manhattan. They call it a congestion charge... These cities are going down!!
    64
  1266. Florida is becoming a victim of its own success with thousands moving into the State every month . Making financial decisions such as buying a Mobile Home Park for conversion to High End Apartments or Condo's a very easy one . But at some point much like California . Florida's Middle Class will find that it has simply become unaffordable and leave .
    64
  1267. Golfed yesterday. Real estate is the last thing on my mind at the moment..and I'm a realtor. Let the storm arrive. Mom still gives me my allowance! 😂
    64
  1268. The area I'm looking to buy, prices have actually jumped 10-20% this summer. It's ridiculous that prices more than doubled, took a minor dip, then resumed up. It's now 2-3x the prices of 2020. I'm on the sidelines for now.
    64
  1269. Hay man don't ever stop your content some people want you to sugar coat what's really going on keep up the good work 👍👍👍
    64
  1270. A video from Michael is all I need after a long day at work
    64
  1271. FIRST TIME HOME BUYERS BEWARE 😮❗️Just hang in there and I promise that prices will fall. Take your time, Save your money,Pay off your credit cards and all debts and learn as much as possible on your local market. Knowledge is key to buying at the right time. It may take a while for things to change but you’ll be much happier in the long run. Thank you Michael and please tell Lizzy that she looks very cute in that little Sundress 😊. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    64
  1272. The market needs to cut the asking price by 50% or more to make it worth it.
    64
  1273. I told my broker back in June that this is not going to be 2008-2015, it's going to be the 1970's. She admitted that we're going to have to change how we sell homes. She's owned her agency since 1989 with five offices and 360 agents. She's knows the business.
    64
  1274. Very few people will read this comment because of its length, but here goes anyway: The same economists who just a few months ago told us: 1. There will be only modest inflation; 2. Inflation will be short-lived; 3. Housing prices are going to go up 20% in 2022 Are now telling us that it'll either be no recession or a brief, mild one. Here's the five biggest problems: 1. Americans have no cash reserves. 61% of Americans can't cover a $1000 emergency in the "richest country on earth". 2. Inflation is mostly supply-side, not demand side. Fed raising interest rates will crush wage growth more than the inflation rate because interest rate rises are meant to fight demand-side inflation. Supply-side inflation caused by material shortages and supply chain disruptions isn't being dealt with by our government. 3. As Michael and Nick pointed out (and also Elon Musk), many badly-run, unprofitable companies have been keeping themselves going with free money. Free money train has been derailed by the Fed and now we may see a lot of companies large and small failing. 4. Housing is in a bubble and when that bursts, it's going to burn a lot of speculators (20% of all houses were bought by investors, aka speculators aka riverboat gamblers) who are going to lose possibly hundreds of billions overnight. 5. Americans not only have no savings, but high debt: the average US household holds debt equal to 129% of its annual gross income. You don't need to be Dave Ramsey to know that ain't good. I think all of these things added together, plus a government run by clueless people who live in a bubble of their own (elderly millionaires), is going to result in a collapse that will be different in some ways from 2008, but actually worse, because there's no clear path to getting out of it. 2022 doesn't look so bad; 2023 looks stormy, indeed.
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  1275. I think over 25% of people are underemployed. I think over 50% are not earning enough.
    64
  1276. "Old cars can be very unreliable" Yes they can be... but I have always had good luck with Toyota's. Every point you made about EVs is spot on.
    64
  1277. Youre spot on about the restaurant crisis Michael, I drove four hours thru west central Florida today on US 19...the family restaurants and diners were packed, the yuppie joints like Applebees and Chilis were dead, and fast food places had almost zero traffic. I can eat a killer meal at a diner for 15 bucks and have leftovers for another meal, while McDonalds is 15 bucks for a few items that are all shrunken in size more than ever, and crap quality on top of it.
    64
  1278. I live in Huntington Beach in a very reasonable place for almost 20 years found out the plan is to boot us and jack up to over $2500 a month been looking mobile home parks here you can still find them $100.000 and up like you said the rent starts at $2400 - $3400 a month for space rent so its not worth it it’s just crazy on top of everything else
    64
  1279. Organized chaos. There’s more being orchestrated than what meets the eye.
    64
  1280. California keeps saying they are the best economy in the United States. We have 17 million people on medicaid, and food stamps, i guess that's the new metrics for prosperity. Greetings from Southern California
    64
  1281. This will end badly. The income of the neighborhood does not necessarily relate to the ability to pay for the homes. In many neighborhoods, many homeowner's that purchased long ago could not afford the houses that they are in based on their income and house inflation. So unless many the neighborhood purchased in recently years, income vs. home value is not in proportion.
    64
  1282. It's crazy how much the housing market got over valued in the last few decades and also crazy is how much purchasing Power the Dollar has lost!
    64
  1283. WHENEVER THE GOVERNMENT SAYS, " WE ARE HERE TO HELP YOU." RUN LIKE HELL!
    64
  1284. The more I hear about HOA dues and rules, it sounds much like living in a trailer park, your home is there, you can't move it and have no control over the cost just for being there!
    63
  1285. Feel free to rant, Michael. Even your rants are very interesting. 😂🙂
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  1286. It's always darkest just before the total collapse.
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  1287. We are becoming a nation of rich and poor. The middle class is dying and as the middle class goes, so goes the nation.
    63
  1288. I thought I’d move to FL one day but now I’ve totally given up on that idea. Too risky in several ways.
    63
  1289. I think we the people need to approve or disapprove big wasteful spending of our government (our tax dollars). We need to take back our country.
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  1290. Just stopped by for my daily dose of “the world is coming to an end”.
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  1291. In the 2000s when I practiced real estate, I was mostly a listing agent and have to admit, I didn't do that much. The buyer's agent on the other side did a lot of the work closing the deal.
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  1292. I grow tons of my own food, kale, cabbage, lettuce, potatoes, tomatoes and have chickens for eggs. I just refuse to participate in the chaos. I work from home and keep to myself. I cook at home only now, no more going out.
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  1293. Totally connecting with this, you're killing it, keep posting!
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  1294. People are living beyond their means, buying things they can't afford on credit. Had a new neighbor who purchased land adjacent to mine. He had it all, big truck, fancy SUV, jet skis, boat, four wheeler. He lost his job a few weeks after the pandemic hit and all of his fancy vehicles and toys were gone in a flash.
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  1295. Recently a realtor almost pushed me into a bidding war with myself. She suggested I overbid and have an option to outbid others up to 10k. I said no and told her to bid the asking price. I got the bid, didn’t like the inspection and backed out. The house is still for sale for 10k less.
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  1296. The answer is a Passport and learn a second language, this country is toast.
    63
  1297. Everyone needs to break the debt addiction. This is a good thing that lending is getting tighter.
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  1298. I don’t understand how squatters have rights. If someone is a tenant who’s a holdover and not paying you should be able to evict them for failure to pay rent. If someone straight up broke into your home you should be able to call the police and have them removed. These jurisdictions need to shore up the laws in this area. I understand wanting to do something about homelessness but supporting squatters is not the answer.
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  1299. You forgot about the low taxes and virtual minimum taxes compared to other states. No income taxes, low or no taxes for retirees, etc.
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  1300. For everyone saying “this is not like 2008, we have higher lending standards.” Just did a purchase loan for a couple who had a DTI of 49.7%. They got approved due to high credit score.
    63
  1301. It's so weird to me how everyone seems to have already forgotten about the .com bust in the nineties. I was only a kid but that Sh!t stuck with me to this day. Seeing all of my well off neighbors with for sale signs up seemingly overnight. It made me realize how every one with a "good job" was really living on a financial cliff. Pull one card and the whole deck falls. This is what is always missing from these real estate predictions. They see the housing market as this closed loop, but it's not. Everything is interconnected. The US economy is just one giant pyramid scheme. There are multiple bubbles happening at once. ANY and EVERY bust takes housing down with it.
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  1302. I trust Zillow’s experts on the house market like I trust Biden’s expertise on low inflation… which is 23% higher since he took over in 2021.
    63
  1303. The interest rates hikes were to normalize interest rates. They would have to raise them higher if they actually wanted to slow the economy.
    63
  1304. It's going to take a while, all these predictions and stats are a month behind. Crash is coming, reset is coming, doesn't happen overnight. I suspect it will begin to really drop this fall, winter. Have to wait it out.
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  1305. 6-11% is the norm in Canada. And it's disgusting
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  1306. 177k annual property taxes. You would have to rent that out for 15K a month just to cover that.
    63
  1307. Worked 50+ years. Many menial, mindless and exhausting both mentally and physically. What I am fearing is that far too many young people feel that it’s all hopeless and never gain the discipline to work hard, because they feel it’s all useless. This is what having evil at the helm, globally, has done. “Speak out against the madness.” Be kind. Always/ out lies and evil. Always.
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  1308. I sold this year. My 2.8% mortgage almost kept me in place. But I was ready to leave Florida. I had the house for 5 years. So, I was happy to cash in and move closer to friends and family.
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  1309. So happy to see Nick again. Thanks, Michael and Nick for all of your sound advise. You guys are awesome!
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  1310. $89k yearly tax bill...😮😮😮 That's insanity!!
    63
  1311. Interesting perspective, got me thinking!
    62
  1312. Saying no is becoming the greatest strength.
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  1313. I can't blame them, why work all your life for a pittance. Most of these kids can't afford anything, why waste all your time working for money that won't even pay for your meals.
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  1314. Safe travels Michael. Looking forward to your videos on your travels. Honestly the locker storage units are literally a gold mine you'd be surprised what you'd find buying a unit at a sale. Most times it can be a dud; however sometimes you strike gold
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  1315. To me, TGIFs and Applebee's were places to stop after work with coworkers or meet someone after work.
    62
  1316. The wages aren't keeping up. $100,000 in 2019-2020 was a good salary. Now it's basically enough to eat sleep and pay the government.
    62
  1317. His electric car comments are spot on, be it hurricanes, tornadoes, forest fires, earthquakes etc, etc, if you are relying on an EV to get you out, you are going nowhere
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  1318. I am a boomer born in 1963. I was paralyzed in 1982 and finally retired last year. Working sucked but i wanted to have nice things and a nest egg.
    62
  1319. Places like Aldi used to be somewhat better. I could fill up a cart, I’m talking overflowing for 120-170$. Now to do that would easily be 250-300$. Sucks man
    62
  1320. Thank you to our host for this beautiful outdoor walk around segment. We like your topics, research and content.
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  1321. YouTube just deleted my negative comment about dementia Joe.
    62
  1322. Going forward, I think, insurance premiums will be one of the bigger issues facing Floridians.
    62
  1323. In defense of old houses, ours is about 130 yrs old. A seasoned carpenter remarked the house will last forever, built from old growth hardwood that is unobtainable today.
    62
  1324. Giving the authority to the government to force people to rent their property would be a nightmare. That would open a whole can of worms.
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  1325. If there is such an influx of people doesn't that mean traffic congestions, overcrowded schools, - beaches, -restaurants...etc. A real rat race!!! So eventually that is not really attractive anymore...
    62
  1326. I live in California, and I want to move to Florida. California sucks.
    62
  1327. The governor of California (and many of his businesses) was a depositor at Silicon Valley Bank. That's why it was bailed out.
    62
  1328. Worst inflation in over 30 years.
    62
  1329. The first thing I look at on a property, is the selling history. If I see a recent purchase and price hike, I keep scrolling to the next property. The greed is unbelievable!
    62
  1330. Yup, I live in Southwest Florida and he is pretty much right about everything. We came from the northeast but liked the lower traffic and laid back vibe of SW Florida and lower cost of living. We bought a house on the water with a boat dock, boat lift, pool, 2 car garage, in a waterfront town with waterfront resturants. We go boating and jet skiing alot all year long. We could not afford all that on the east coast. And the traffic is a small fraction of the east coast. All of my neighbors are retired mid westerners who brought their money with them. The joke we tell is that we don't have demographics. We have one demographic: Retired Midwestern white republicans.
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  1331. I live in a condo building run by nothing but corruption. Nothing gets fixed, projects are left incomplete, they keep charging assessment fees with no proof of invoices or paperwork to prove why these fees are being charged. It's awful. I'll never buy one again. We never get bank statements ever. It sucks.
    62
  1332. Nah Retro billing is too complicated. If you buy a condo I think you put the quarter in now you have to dance to the tune.
    62
  1333. the housing market needs to crash, houses need to cost 5x less than what they do... or wages need to go up like 5x what they are... one of the two needs to happen. rent/mortgages should not be 80% of a persons income.
    62
  1334. We moved to St. Augustine three years ago and it is the best!
    62
  1335. Exactly. I was just in Canada. Their immigration problem is really out of control. Millions of people from India and China swamping their country
    61
  1336. 35 thousand in property tax for just One house...Insanity !
    61
  1337. This situation needs to be addressed , but government is definitely not the solution.
    61
  1338. Enjoy your summer!! That sweet cat remembered Lisi and said good-bye as she passed by again! 😍 That was so sweet.
    61
  1339. Cut the welfare and government handouts
    61
  1340. I agree. It needs to crash and auto-correct itself.
    61
  1341. Rewarding bad behavior? Unbelievable!
    61
  1342. PS. Tell the US Citizens to STOP SPENDING! Don’t buy houses and cars etc, especially NOT WITH CREDIT. Then prices will come down.
    61
  1343. Your wife was having fun on the walk. I can tell she is proud of you. Good on ya
    61
  1344. The problem is that any buyer that buys now will be slapped with a double edged sword, high cost AND high interest. There is no way I want to get into that debt trap. It is true that is best to buy when interest are high, but ONLY if the cost of the house is significantly lower. Im going to keep my cash parked until sanity comes back, no way I'm bailing out a greedy seller. Specially when there are more important concerns such as job stability, food prices etc.
    61
  1345. Seems to me, it’s the best thing that ever happened to us. Did we really need a 2000 square-foot house? Did we really need a $30,000 car? Did we really need a European vacation every other year? did we really need that 50,000 Ford F150? did we really need to conquer the entire planet with our money? I see this is nothing more than a correction.
    61
  1346. In the future, all the houses will be owned by financial companies, and everyone will be renters
    61
  1347. I mean at this point if the housing doesn't come down by 50% on the price tag there's no way that anybody could ever afford a home because once they raise the taxes and the HOA dues with the ever-increasing insurance your home is gone because they're either going to tax you out or put a lien against it. I think people shouldn't be so fearful on trying to get a home honestly I think people should scale back and buy land and build their homes that are small and modest because at the end of the day for 30 years you are chained to that house and if you can't pay the subscription fee it's over
    61
  1348. Married once. Never again!
    61
  1349. I’ve been saying for a while that this is how they’ll get people with no mortgage or low interest rates. We never truly own anything due to taxes
    61
  1350. I can’t believe that so many people don’t know that we are already in a recession 😮. So many big time LIERS out there trying to get money out of our pockets and into theirs. Thank you Michael for all the homework you do to keep us updated on Real Estate and financial issues. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    61
  1351. I’ve lived in California for 50+ years. Agree 100% on the homeless and cleanliness. I visited Florida (Miami) in February and was very impressed with how clean the streets were. As far as homeless, we saw three in a week. There are beautiful cities in CA and it’s a shame it’s governed so poorly.
    61
  1352. Those Miami mosquitoes sound like leaf blowers today.
    61
  1353. I've done a refi with cash out 2x in my life. First in 2008 on my 1st home for a new kitchen and a trip to Mexico. I lost that home on short sale. Second time in 2020 to do my basement that I turned into a 2 bed 2 bath rental. Second time around I had learned a valuable lesson. Debt is only ok if it provides a much higher return on investment.
    61
  1354. I like how it’s the nightly apocalypse news at 6, but then there’s the Nature Minute where we can admire birds. Love this formula 😂
    61
  1355. The inspector shouldn't have given them a quote on roof repair cost in the first place. A good inspector would recommend that they call a roofing company for an accurate quote instead. Love your videos btw!
    61
  1356. I’ve been saying all this for the past 2+ years but idiots are still buying and my clients are starting to think I’m crazy 😂. I’m even starting to doubt myself and my gut because it’s just not happening like I keep thinking it will. My business is pretty much crap because I refuse to sell this “you can just refi later” pipe dream, and what I’m noticing is, people don’t want to hear that. For whatever reason, it’s like they want to be lied to🤦🏼‍♀️. I’ve come to the realization that as a single mom, I have to make money, in other ways to ride out this storm because I refuse to go along with all this BS. Thankfully my two rentals have solid tenants or I could easily get behind. I will hustle in other ways to get paid but lying to my clients and convincing them this is a great time to buy won’t be one of them.
    61
  1357. How could Target have anticipated tucking suits wouldn’t be popular?
    61
  1358.  @MichaelBordenaro  I am still not going to be delivering to NYC. The boycott is just beginning.
    61
  1359. A lot of people retired early due to jab requirements. Now that that is no longer the case, they are returning to work.
    61
  1360. You're a star, keep shining bright!
    61
  1361. i Live in Tampa, I got a Quarter pounder today, a- la carte, it was 7.00 $, I thought wow didn't seem like that long ago it was like,2 or 2.50. start cooking my own, I don't have to be a gormet chef to flip a burger. pay 7.00 for a lb. of hamburger meat and get 3 or 4 meals ,instead of uno
    60
  1362. Far more valuable information from a dude walking down the street than we'll ever see from the mainstream media!
    60
  1363. I took a heloc because I got talked into it as a widow in case I needed help with a cost of my then 16 year old daughter and 11 year old son…I feel preyed upon and the numbers were fudged using social security I was getting for my children. I would never do it again. Thanks, Chase! Expensive lesson learned I’m still paying for today since 2011…
    60
  1364. Love your content. It's not clickbait and your composure is appealing my friend. Too many clickbait informers and too much celeb/fame type personality going on to acquire more followers. This is what we need.
    60
  1365. The average American consumer isn't living paycheck to paycheck - it's living credit card to credit card!
    60
  1366. We were planning on retiring in SW Florida but after this hurricane and high prices of homes and now rising insurance rates it doesn’t look like a good choice. I feel for everyone who lost their homes and the people who lost their lives. Great video
    60
  1367. Gonna be very interesting to see how the next 3 to 12 months play out in FL. This coupled with the incoming recession seems like a black swan event that may upend the FL real estate market.
    60
  1368. I've been shocked at some condo fees! My hubs & I were looking at condos, but we changed our minds due to the fees.
    60
  1369. Condos in Florida are becoming uninhabitable due to hoa assessments
    60
  1370. As renters get pushed to the brink you know what else will happen....crime. Some of it violent.
    60
  1371. Employees proved that working from home was possible. Why sit in an office on the phone in meetings all day when you can do it at home? There are more benefits to working from home than the office without a doubt.
    60
  1372. What normally happens when a group of friends rent a house together? Things normally fall apart within 6 months!
    60
  1373. Winston Churchill wrote, “Those that fail to learn from history are doomed to repeat it.” The days of being high on cheap capital are done. It’s going to be a sobering time for some. Great videos! Thank you.
    60
  1374. Beware of real estate agents especially greedy ones! Use common sense.
    60
  1375. Really hope people will be honest enough to let this crash happen. The only way we all get relief is if the market rights itself. I would love to see savings account rates go to 18% like in the 80s.
    60
  1376. California geography, weather, and culture wins. Our problem here is with the DemocRATic government that kills it all.
    60
  1377. I don't understand why people think real estate prices going up is good. Food prices go up-bad, gas prices go up-bad, car prices go up-bad, house prices go-good. Why would we want the most expensive thing that we buy to keep going up a lot? You can't do anything with equity unless you sell the house and then you must buy or rent something else. The goal of housing should be to make it as cheap as possible just like most other products.
    60
  1378. It’s true. I just saw an 80-year-old senior pushing shopping carts at Walmart.
    60
  1379. One important aspect many people don't realize is that this problem disproportionally affects lower-income Americans, many of which are senior citizens or disabled people. Most likely, the new people coming in get a housing voucher of some sort either from a church or charity to pay their rent so it makes no difference to them if prices rise. But, many of the people on Section 8 are losing it because they only allow you to pick an apartment or house at a certain amount per month and since rental prices have risen dramatically, it's forced people to lose that assistance as there are no longer lower income apartments to accommodate them. I've already spoken with an older woman who said she had to give up her Section 8 because she was only approved for a rental price of $750/month (which doesn't exist anywhere in Florida) and had to start couch surfing with friends and family. I didn't know this, but Section 8 won't just let you make up the difference on the side. The lease has to be for their agreed upon amount and they can't make side deals. It's also causing housing issues for the military as here in Tampa at MacDill as the allotment they give you for housing isn't enough and there's not enough space on the base.
    60
  1380. WE JUST WANT OUT! That's what my Ex wife said before she left.
    60
  1381. Strong content, facts, and conviction. Super show episode.
    60
  1382. In 1950, by paying cash for everything (except a $12,000 house to raise his five kids in) my father taught me not to go into debt. However one time I found myself working my valuable hours only to be giving a bunch of interest to the credit card company. I was their slave. I'd starve before I'd do that again.
    60
  1383. This economy has made no sense to me since 2008.
    59
  1384. Insurance companies are another major scam that often leaves the insured helpless.
    59
  1385. The only acceptable inflation is 0%. Energy cost drives nearly everything. Technology has enabled corporate greedflation. Price fixing is illegal, but corporations simply share their data with a 3rd party service business that just happens to produce competitive pricing reports.
    59
  1386. I ABSOLUTELY LOVE this man's videos. Very informative and never disappoints
    59
  1387. Michael keep addressing these issues, Bless you.
    59
  1388. Let the banks collapse and let the free market go . People have to be responsible for bad decisions.
    59
  1389. If people want to get into a house in todays world, they better not have ANY debts at all.
    59
  1390. I am all in for the no property taxes for seniors on fixed low income
    59
  1391. My Allstate insurance agent told me a year ago to not go to the dealer because they have to report. At some point, we are all going to have to get offline because the scams, data stealing, DNA crunching BS will be too much.
    59
  1392. I don't spend money frivolously. I eat at home. I tip yard waste guys once a year. I minimize driving. Needs vs wants is my mantra.
    59
  1393. Lays Potato Chips- $6.95 for a 3/4 filled bag…
    59
  1394. Worked on getting my container garden set up today. Hopefully finished by end of week.
    59
  1395. The price and rate go up hand in hand, and people are still … buying. Not sure if they’re super rich or money laundering.
    59
  1396. Don't ever buy a house with a family member they will eventually screw you over😅
    59
  1397. Years ago, someone gave me great advice. When you move to a new area, rent first, until you get to know the area.
    59
  1398. You can't regulate prices only if you love socialism! The problem is our Government is overspending! It is our Government causing all the problems!
    59
  1399. So many Florida homeowners bragged to me about getting all new roofs and other things after hurricanes, at super high costs, and felt entitled. It used to make me sick, because they would add so many fraudulent claims. The Insurance companies didn't investigate and went along, causing me to believe payoffs were involved. Just sickening. Insurance is meant for catastrophes not deferred maintenance.
    59
  1400. That's insane considering a car doesn't hold equity like real estate. These people are insane. Hold out and the prices will come down.
    59
  1401. Reality we the people are going to be able to afford those ridiculous prices to rent!!! There greed will hit them on the face.
    59
  1402. Been considering a move and this is the best video I’ve seen so far.
    59
  1403. Michael, it’s not interest rates, it’s the price of homes!
    59
  1404. I can’t imagine spending $900k on a house, and having bars on all the windows. Would be like looking out of a jail cell. 🤦‍♂️
    59
  1405. Boyle Heights is right smack in the middle of downtown L.A. I would say it isn’t the best neighborhood to buy in unless you have a family connection there. And YES! My dad was a realtor and he insisted buyers visit potential new neighborhoods on a Saturday night after dark. Park the car and walk around… and then make your decision to buy or not buy.
    59
  1406. Crazy. Mobile homes used to be nice, safe mobile home parks for the elderly.
    59
  1407. Taxes are the single largest expense for Americans, out of all expenses.
    59
  1408. Have a family member who’s a realtor. She says currently all the home sales she’s witnessing are involving concessions from the seller.
    58
  1409. Seems to me sooner than later there will be a mass exidious from all regions of Florida due to simple unaffordability. The state will have super wealthy and very poor, the poor will be trapped in a nightmare of not being able to leave . I fear soon this will be a smaller version of California ,hopefully not but time will tell .
    58
  1410. Can't wait to see what else you have up your sleeve!
    58
  1411. Let me give my .02 here. I am mandatory in office IT support (mostly hardware) for a very large insurance company about 70k people. I have been in the office everyday through this whole thing, even when my campus could hold about 10k people in 14 buildings, yet there were 0-10 people in the building. My company has downsized our buildings and gotten rid of about 2/3 of desks which equals 1000s of desk and dozens of buildngs -floors and floors of space. I support all these WFH people, and lets just say i am sick and F-ing tired of working around THEIR schedule , with their kids, or their errands, or what ever they do at home besides WORK which isnt much work. I KNOW cause I see it on zoom and hear it in the background on calls. Thats IF i can even get ahold of them during work hours. On top of this, i get $hit on over and over and over, having to take on roles that were really not mine and do other IT depts jobs that require someone in the building only because someone doesnt want to get the the car and drive 10 miles to a building and go do it. And when they do come to the office for like a meeting or convention it like a work party for them I have to support the IT equipment, with lots of food and noise. When I voice my concern I am told dont worry about it, its now my job cause were are in building support. Its absolutly insane. I have shipped at least 10000 laptops on top of other equipment in and out of my buildings to support this madness. I am looking for a WFH job or hybrid job that fits my role. The office has moved to my neighborhood with all my neighbors working from home a few days a week to 5 days a week. I am the pee on grunt that has to get in the car and drive to work daily.
    58
  1412. Not only the house prices are too high, everything is too high, house prices, taxes,Insurances, condo fees, etc.
    58
  1413. I think these companies are going to be shocked that people won't go back into the office. It makes sense to work remotely for the folks that need too. Elderly parents, kids in school. Disabilities, etc. Every person that I know who works remotely says they'll find another job b4 going back in again.
    58
  1414. 1st Time Buyer Programs = getting new young buyers and diverse people into to a home at the worst possible time.
    58
  1415. If you are seller and after the summer you accept 20% off your listing price and offer concessions, don't consider it a defeat but consider yourself lucky. Better sell now before copious amounts of listings list on the MLS and prices go into free fall.
    58
  1416. I live in a southern California beach community. This area had been busy from Wednesday night to Sunday night packed with people partying going to bars nightclubs restaurants and freely moving from place to place. Over the last 60 to 90 days that activity has slowed down significantly! Many of the restaurants bars and nightclubs aren't even packed on the busiest parts of Friday and Saturday. I believe this is a sign that people are tapped out and don't have any disposable income to go out and recklessly spend money like they have for the previous six or so years. Their grocery bill is out of site, electric and gas bills are ridiculous, gas stations have outrageous price for gas, and now since property taxes and property insurance has skyrocketed landlords are raising rent for in excess of what people can afford.
    58
  1417. BTW : SIDE NOTE- I just came back from getting ice cream with my daughter, I couldn't believe how empty that parking lot was. Usually I have to park on the edge row. It was 80-85% vacant. That can't be a good sign folks.
    58
  1418. This economy is like the end of a Monopoly Game. What happens when a monopoly game becomes unrealistic at the end of playing....you fold up the board and start over!!!! In our real life game - it is called Recession. Time to fold up shop and everything in life needs to RESET in pricing!!!!!!!!!!!!!!!!
    58
  1419. As a real estate agent, let’s do what the heck is right for our country. China needs to be held at “arms length”…
    58
  1420. The rent is too damn high!
    58
  1421. Met my local realtor last week and asked him how the market is. His response "It's cooled a bit but interest rates will turn next year and prices will remain stable. It's a good time to buy now." I smiled and changed the subject.
    58
  1422. They are trying everything to achieve their goal: “Own nothing, you’ll be happy” by 2030😢
    58
  1423. Basically, the lack of proper maintenance artificially reduced the price of the Condos. Kicked the can down the road. Those who got out earlier made a profit and now the remaining owners are holding the bag.
    58
  1424. Both of you Gentlemen, have been very generous with your insights, and experience. Thank you both for what you do !!
    58
  1425. I was born and raised in San Francisco. It saddens me to see what happens to the place I grew up in. I worked in SF Centre for many years during my college years. Once I heard that Nordstrom was leaving that mall. I KNEW that mall was over. The crime and homelessness was bad when I left in 2019 for Florida. I can only imagine how much worse it is now.
    58
  1426. Grand slam today Michael…thank you for calling out the loser that wants us to pay for his debt obligations…please do not tone it down…keep speaking the truth 👍
    58
  1427. These are not Americans buying those really expensive homes. Alot, I mean ALOT of foreign money.
    57
  1428. Chase is NOTORIOUS for pulling that BS! That's why I avoid them like the plague. If I were you, I would payoff whatever balance you have and officially close the account and Chase will be forced to leave your original credit limit at $5,000. Even though it will be listed as closed, the higher credit limit will help with future credit scores. Stay away from Chase.
    57
  1429. You can keep Florida my friend. So glad I didn't move there a few years ago as I intended to.
    57
  1430. You rock, Michael. So glad there are still people like you out there that are not pretentious AH's. Approval from others is and always has been highly overrated. Don't change a thing. You are NEVER bad news, just revealing daily reality, which again we appreciate. It takes a lot of work and your time to produce these shows. Never give up and never give in. You're a winner all the way. Much love and gratitude from behind enemy lines in Southern CA, USA.
    57
  1431. I think those folks are just planning to default on their credit card debt.
    57
  1432. Agree, time to stay calm and control what we can without relying on any institution or government. For those of us who have listened to the channel for the past year are prepared and will get through this!
    57
  1433. It’s hot here in Tennessee. Got the highest electric bill of my life today. But it will certainly go higher !!!
    57
  1434. Hey Michael : I used to live in a condo community called Southern Pines of Winter Garden, Florida. I have available rentals in there as one of my hotsheets. It's an investor's dream. They have resort style amenities, an awesome location, and they even take Section 8, for crying out loud. Anyway, they normally have a line around the block of applicants begging to get in there. Currently, they have really nice 3/2's [3 of them-2 downstairs]; collecting cobwebs! The owners won't budge on the rent ask. They are getting killed every day they sit empty. I LOVE IT!!!
    57
  1435. California has incredible landscape throughout. I'd love to live there but no way in hell with way the political climate is. Obviously cost is another factor. Hopefully things calm down and it becomes desirable again.
    57
  1436. Mcdonalds still has the dollar menu, but the dollar must be a silver dollar
    57
  1437. Insurances are becoming too expensive. Most Americans will eventually not be able to afford health and house insurances.
    57
  1438. The real comedy is that you have a "guest" on your show who walks around town during the interview! I love it!!!!
    57
  1439. I make plenty of money, but i can't imagine paying 1.3k for a car per month. The max i'd ever agree to, when buying a car is 300 per month.
    57
  1440. I am 41. Our neighbor two doors over is around 61 years old. He has two sons. The older one is like 36, nice guy, and works. He moved out for 2 years, but ended up moving back in with his dad about 5 years ago. The younger son is 32/33, and HAS NEVER HAD A JOB. We rarely even see him come outside. He has some form of depression, but to me that is no excuse to just never work at all. No desire to work, or have any purpose in life. He is over weight, and plays video games all day long. They are both Millennials so this isn't only a Gen Z issue. Cost of Living is just too much for single people to even have a chance at living on their own without an amazing paying job.
    57
  1441. Jack is the man. Subscribed to both of you
    57
  1442. I was looking at investment properties in Surfside just 2 and 3 months ago. I was turned off by the particularly high impact of the flooding and sea rise there. My misgivings seem to have been justified.
    57
  1443. I’ll take high interest over high inflation any day. Everybody pays for high inflation, only people borrowing money pay interest
    57
  1444. What I see going on are house flippers trying to double their money on homes that they have owned for less than a year. It's all greed. I don't feel sorry for them
    57
  1445. My best friend (with bad credit) had an APR mortgage on a house she couldn't afford in 1997, but was just able to make the $450 a month payment...until the APR mortgage kicked in just before the housing bubble burst in 2008. One night she called me in a stark, raving, panic that her house payment was $728 that month. All due to her APR mortgage, and a 'dodgy' mortgage co. When Barack Obama became president he bailed out greedy, tanking banks (then went ballistic when told bankers gifted THEMSELVES with millions in BONUS'S of the federal money meant to stabilize the banking system) and allowed her to file to get out of the APR mortgage. Your right, Michael, the Simplest Pleasures bring the happiest memories. My Mom & I going for ice cream sodas together after the library. My Dad & I eating watermelon in the summer sitting on the edge of the porch, him challenging me to a "Seed Spitting Contest."' We never went to Disneyland, he would've NEVER spent money on that, at all. People are in for nasty financial shocks.
    57
  1446. Exactly ,rates need to be raised not lowered no matter how much we cry.
    57
  1447. Florida is just going to be a place for vacation not residency.
    57
  1448. This is why you don't buy property under a HOA. It'd bad enough your taxes are going through the roof but you have special assessments by HOAs demanding more money. Remember, the more they charge you for your HOA fees the more the companies get to make.
    57
  1449. Michael, keep “em” coming - can’t start my day without hearing from you. Thanks for all your efforts…😊
    57
  1450. I also believe it’ll take years for us to recover after this recession/depression.
    57
  1451. Watching a Video from Michael is my favourite way to get information about real estate and economy! First of all, you don't have to do the research work cause Michael already did it and secondly Michaels videos contains much more data then in most of the News on TV!
    57
  1452. Michael is one of the few YouTubers that consistently gives the facts and states the truth about the economy, the jobs and housing market. Some may not like hearing the facts, but we all need to share the channel with friends and family to get the truth out there instead of the half-truths the media and our gov't put out to keep us ignorant.
    57
  1453. People need to get over the wasted emotion of anger for being "Sold a lie, since day one". Get a great education, which means "learn" a skill that few people can master in a short period of time. Become a plumber, HVAC, union tradesman, big city cop or fireman, lawyer, engineer, dentist, doctor, etc. Stay away from college degrees in "soft BS" fields of study.
    57
  1454. And the credit card debt is going to get a lot worse because many people are just hanging on by a thread!
    57
  1455. Terrifying and so sad. All those people and pets. Heartbreaking.
    57
  1456. We loved Florida when we moved there 30 years ago. But it's gotten so crowded! Plus, we end up being trapped in the house all summer. The older we get, the harder the heat and humidity is on us.
    57
  1457. I live in Las Vegas, and cant wait for prices to drop. These prices here are way too high. My wife and i make over 200k, and dont struggle, but cant fathom paying over 3,500 a month for a house
    57
  1458. I'm not buying a house at today's prices even if there's a slight reduction in interest rates. I'm hoping for at least a 20 percent price correction. Until then, I'll stay in my rinky-dink house.
    57
  1459. Unfortunately, every one has to pay...no matter the story. The prices are outrageous...and the jobs can't pay the amount to make it possible to rent unless you have multiple people in the house. My thought is...government wanted it this way. "You will own nothing and be happy"...
    57
  1460. I totally agree with you, Association of Realtors is not doing anything for us anymore, They've sold us out along time ago.
    57
  1461. Hope they don't ruin your state like they did here in Colorado.
    57
  1462. I moved to Florida 6 months ago from Chicago, for all of the same exact reasons you mentioned in this video. I am so much more happier here, I try to get out to the beach on the weekends, I usually go super early in the morning, when hardly anyone is there and the sun is about to come up, I get my exercise in. I have been blessed to be able to live my dream in Paradise. Thank you for your video. so awesome.
    56
  1463. My brother died in 2022 and left me most of his estate. I had about 150k, which in normal times, would have been plenty for buying a 3 bdr. house in cash. But, here in Washington state was not enough. I ended up buy a 3 bdr. 2 bath manufactured home in cash. My husband and I built spec homes in the 90s so we aren't newbies. We are nearly 70 and our double wide, so far as I can tell, was built like a normal stick built home. I want to keep our overhead way down and this is the way we are doing it .
    56
  1464. And yet they are STILL not dropping the damn prices.
    56
  1465. I blame networks like A&E and HGTV that made flipping entertaining.
    56
  1466. WELL DONE! I'm tired of all the FL realtor video hyping their territory. This is definitely not that kind of video.
    56
  1467. A friend paid 400k in florida at 3% she said the problem is not the mortgage payment per say, but the increased taxes and insurance from what the previous owner used to pay . They are having a hard time keeping up the payments that supposedly went up to almost 4k a month.
    56
  1468. 25 years ago I bought the new mustang for cash from regular job,and I was super happy,now if I want to save up for a new mustang it would take me 15 years ,but I’m still driving the old 5.0 and no payments ,but I’m not happy how everything went up ,we live in Canada ,car insurance and property taxes are crazy high, and it will go up even more,we become slaves for faceless organizations
    56
  1469. please continue showing these flips. Got to expose the scammers
    56
  1470. Michael and Travis is the best duo ever!
    56
  1471. But some people just can't be reliable with their money. They buy everything they need and don't need and end Up in massive debt which they can't Pay off!
    56
  1472. I had a situation like this years ago.., so bad the "tenant" had already changed the locks. Me? I tried to be nice.., but in the end had to contact the local chapter of The Sons of Anarchy. I started with $100 dollars for two of them to force their way in and start with tossing the future out of the front lawn, then even brake a couple windows. Then leave the message they'd be back in ac couple day. They were to complete the "operation" in ten minutes or less as the cops would response any sooner. If they did the "operation" right, there was another $200 dollars in cash and beers all around. If you've seen the movie, Gone in 60 Seconds..? Yep..!! Thank God its America..
    56
  1473. This is a MAJOR warning sign for MORE inflation to come! They'll need reserves for something they KNOW...
    56
  1474. Michaels Channel is always a great choice of information and entertainment!😊
    56
  1475. If your rich enough you can buy the law. You can make the laws. You can break the law and make it a law to break the law.
    56
  1476. I get so happy when I see your subscriber numbers go up!! You deserve it. Thanks for all the great info🎉
    56
  1477. I'm saving money and putting it all in the bank, but I can't help but feel demoralized. It seems to be nonstop barring us young adults from entering owning a house. I'm still living with my parents saving money and it's frankly getting embarrassing. Housing is always being kept out of reach and I have a feeling it has everything to do with the election in 2024.
    56
  1478. The insane greed and ignorance that exists today needs to be extinguished before this bear market is over. A lot of people will be humbled.
    56
  1479. the problem with selling your house is you have to buy one
    56
  1480. Sorry but when jobs pay 7-10 bucks your not moving anywhere or saving anything, let alone if you have student loans, especially for jobs that won't even exist in 5 years... AI and robotics, anyone? This Gen is screwed and you can't compare unless you are the same Gen..go after what? People are applying to jobs at 100 submissions a month, I saw 1000+ applications same day we posted a job! So people who are unemployed apply, people who want to leave thier job apply AND people who want to have more than 1 or 2 jobs apply ALL JUST TO SURVIVE
    56
  1481. My daughter and her husband make 170k + and they are priced out of the market. I told them to save and wait for a housing correction.
    56
  1482. I don't know who comes up with these numbers..here in California people are continuing to get laid off left and right. These companies are firing and rehiring people but for lower pay 😞 and mind you these folks have been with the same company for over 15 years. They don't care at all. They rather save 5 or 10 grand a year and settle for less qualified workers. Truly sad.
    56
  1483. So the rich will continue to get richer, while the poor struggle to pay off 35 TRILLION in debt?
    56
  1484. We don't have a shortage of houses. So here's what the government can do: turn next-tier houses into "starter" homes by giving first time home buyers tax grants (you don't have to pay grants back) and give a tax break on the profits to anyone who sells to a first time buyer. We can turn over existing stock that way. Might mean slightly fewer bombs for Ukraine, but let's go crazy and focus on the needs of our own people just this one time, see how it feels.
    56
  1485. Well,....if Michael wants to talk about all the lies, lies,....and more lies from politicians, the government, mainstream media,....and real estate agents he certainly will never run out of content.
    56
  1486. Politicians want to empty the prisons because of crowding, and costs, with no regard to public safety. Let the general population suffer and be victimized, what do they care, it's not them being criminalized!!
    56
  1487. It would be good if Housing became affordable again.
    55
  1488. First! These rent prices are too damn high!
    55
  1489. Listen to Michael Bordenaro. My advice if you live in an old condo and can afford to move, do it. They are ticking timebombs for expensive repairs. I sold my condo in IL last year. The complex had 550 units and was built in 1975.. I am glad I did. A lot of plumbing problems began to happen in the buildings. Speaking to friends who still live there will be a special assessment this year. Turns out the water supply lines from the city mains as well as the pipes under the foundations have reached the end of their life. All the piping under the slabs of the buildings needs replacement. There are 58 buildings in total. It is going to be extremely expensive and could bankrupt the association. I dodged a bullet. A lot of people are not so lucky.
    55
  1490. It seems like real estate might be starting to change. I watch a few markets very closely via Zillow every day sometimes multiple times daily. Today, I noticed more new listings and more price cuts showing up throughout the day. It could be an anomaly but I'm cautiously optimistic that prices will continue to fall and inventory will rise.
    55
  1491. I have been around retired people most of my life (live in FL), the most consistent thing I see is that they’re bored. I know it’s not true in all cases, but most people don’t have a long term plan for their retirement years, other than not to work. It’s probably great at first, but as the years roll on looking out the window for the postman to show up gets pretty old.
    55
  1492. "soft landing" is fedspeak and fedspeak is propaganda
    55
  1493. My perfect sunday evening: Watching my favourite Youtuber explaining me the housing market and exposing all this ridiculous lies!
    55
  1494. Maybe if some of these "high profile" insurance companies cut their TV advertising (Liberty, State Farm, Progressive, Geico), they could pass those expenditures on to their policy holders? What a concept.
    55
  1495. The US is not "the richest country in the world." That title belongs to Luxembourg, which has the highest GDP per person.
    55
  1496. I work in a clinical setting, four days/week. Fri-Sun off. I'm negotiating for a 2 day in clinic/2 day WFH tele-work agreement. It's not that I like working from home, as there are more distractions, but there's no point in being in the office 4 days/week when half of my patient appointments are telehealth.
    55
  1497. You've done an absolute top notch job on this mate. Very informative! Meanwhile, what's the best strategy to make gains in this present market condition? My portfolio is still down by 20% and It scares the hell out of me.
    55
  1498. I sold my house a year and a half ago for hoping to buy a bigger property, currently living in an RV with my small family on a family member's property. There's times where I hate living this way but I look around on people's lifestyle and what mentally they're going through I'm blessed to not have to worry so much. I can also stay home with my kids when before I was rarely seen them. ❤ good video
    55
  1499. Newer houses with modern building codes won’t last half as long as the old school craftsmanship
    55
  1500. Yes, layoffs are a tool. Once they've downsized and can show a profit, they turn around and hire staff back at less pay, benefits and hours.
    55
  1501. I live in orlando florida, no accidents in the 17 years and no claims, safe driver also and pay full upfront. My car insurance premium for 6 months kept on going up every time, my last estimate was $1580 I called them and asked them to recheck my credit report (clear and no past dues) and score (820), to my surprise they dropped my premiums to $1080.
    55
  1502. Once my employer announced they were permanently closing the office I worked from, I embraced the remote working arrangement. Fortunately that means they can't easily force everyone back into an office, because the local office space just doesn't exist. But if they tried, I won't go back to an office job ever again. Commuting sucks and so do noisy office spaces.
    55
  1503. Yeah the sad reality is, many of us are going to work until we die
    55
  1504. California is so beautiful, the problem is its liberal and corrupt government. Hopefully one day not too far away we can fix that…
    55
  1505. If Zillow and Redfin begin to hide listing history info and up the zestimate to close to what the seller is asking instead of what is close to the true value will make redfin and zillow obsolete.
    55
  1506. It's going to get worse since most are going to miss other payments due to layoffs.
    55
  1507. I live in the LA area. I can say restaurants are crazy expensive. A burger, fries and a soda for two can easily run you $40. Florida is so much cheaper (outside of miami).
    55
  1508. When you walk by a construction site you will notice they are using rusted rebar to put inside the concrete for reinforcement. Well rust is an enemy to concrete, it's basically like a trojan horse it starts weakening the concrete right away. They make stainless steel rebar, but they don't use it because it's more expensive and construction companies and architects will not bring it up to the buyer because they want work for the future and future generations.
    55
  1509. I am senior citizen in hollywood fl living in beach condo paid cash years ago.... used to only cost me $500 month until last couple years, which was no pain at all.... today my hoa commandos have voted to raise hoa fees 50%, tax man increased 50% and the insurance agents went up 100% with half the coverages.....i am thinking about selling and moving up to Georgia
    55
  1510. Nobody can pay the special assessment because the rent is too damn high!!
    55
  1511. I just heard about this about an hour ago. Hits close to home for sure. Never take a day for granted. Each day is a gift.
    55
  1512. I pay $5000 per yr today (Ft. Laud) and it's estimated to go up to $6500 per yr in 2023 when it renews. When I pay off my mid-century ranch home, hopefully in 5 yrs, I'll self insure. I'll bank the money instead in a stock brokerage account. If there's a disaster, I'll just pay it out of my savings up to $50k which is the money I would have saved over 10 yrs of not paying an insurance co. If the damage is more than $50k, I'll tear it down and build a modern McMansion on it and sell it and take my profits and buy a small home somewhere less expensive. If nothing too bad ever happens, then I will have saved $500+ per month in insurance premium payments over the next 40 years of my life expectancy (40 x 12 x $500 = $240,000).
    55
  1513. I wish I had a chef that would cook my dinner as well as the government cooks their books!
    55
  1514. Yup. I retired as a teacher in 2021, refusing the 💉. Had to move because my MH park is closing. Now battling cancer, but taking the natural remedies route is paying off. Once in full remission, I will likely go back to work at 67 when they will not dock my SS payments. Seems like they want us all to work until we drop dead. Ridiculous!
    55
  1515. I love these videos because we get the truth. My businesses customers are ALL other businesses. I know the truth. The vast majority of businesses are down at least 30 percent. They are lean and mean. They are NOT spending money like they did in 2019. 2019 my business phone would get 3 to 4 calls a day. Today I can go a week without a new lead. My old customers are my only saving grace. They still will say yes after I call for doing work for them. Today I am on page 1 on Google for my area. It doesn't matter because businesses are tight with their money. 2019 I was on page 3 of Google and still got calls. This is the worst economy I have ever had to deal with since 1989. 2008 was a picnic compared to 2023.
    55
  1516. My perspective: I live in California (San Francisco bay area), but I also have a 2nd home in Florida (St. Pete -- gorgeous city). I've lived in California my entire life (55+ years), but I started spending the winter months in Florida a few years ago. Both Florida and California are wonderful places to live, but as I get older, I'm beginning to enjoy Florida more. If it wasn't for the very hot, humid summers, Florida would easily beat California for quality of life. Sure, in CA, the activities and amenities are fantastic, but the cost of living here is oppressive. An obvious advantage for CA if you're into winter sports (I am): CA is a snow skiers paradise. Many fantastic ski resorts within driving distance. Obviously, snow skiing isn't something you can do in Florida. So, there are tradeoffs. Beaches in California: around here, the water is too cold. Right now, the water temp at Ocean Beach (San Francisco) is only 62F. That's too cold to be in for any length of time without a wet suit. Yes, the water is a little warmer in southern California, but you can't beat the beaches in Florida. Food diversity and cost: I really don't notice a difference. Any cuisine I can get in CA I can also find in FL -- and vice-versa. The restaurants, in my opinion, are comparably priced in both states. I'll assert that it's easier to get a reservation at a high-end restaurant in Florida than California (not that I eat at those very often). And I know this is just my opinion, but people seem to be friendlier in Florida.
    55
  1517. I've lived in 4 houses over 32 years. Every one of them needed repairs. None had been maintained by the previous homeowners despite what the real estate agents told us and the descriptions in the sales ads. People have no idea how much money you need to maintain a house and property.
    55
  1518. This is happening everywhere
    54
  1519. I have noticed a lot of properties returning to the market after being “sold”. That tells me people aren’t able to get the mortgages they need.
    54
  1520. You hit the nail on the head with the quality of life statement. People don't understand that the place you live can contribute to your happiness. Although, Paradise is a state of mind not a place on Earth, it is proven that living near the ocean does generally make people happier.
    54
  1521. I realized a long time ago ‘The American Dream’ doesn’t exist. Most working adults are out here barely getting by.
    54
  1522. Don’t care about people who don’t want to face the reality. Plz continue voicing up.
    54
  1523. Agree, realistically speaking there is a greater chance of disasters coming/going on than something improving anytime soon.
    54
  1524. I’m a landlord who invested in multi family properties and a plumbing and heating contractor..I can tell you with certainty, that large investors are not going to build apartments and be able to be competitive with private like me who have bought existing 4 plex units and renovated..This is because the price of materials has increased 400%-500% .. example..1 angel-stop has risen from less than $2.50 two years ago to $9.86 ..and it is the same with a lot of small parts..it is insane.. my plumbing rates are $225 an hour..for service work.. and I can’t keep up..new construction pays much less.. so if contractors can stay busy with service.. new construction will suffer..
    54
  1525. The requirement to raise the debt ceiling should be repealed because it exists solely for political theater. Raising the debt ceiling allows the federal government to pay debt that already has been incurred. It does not authorize new spending. Can you imagine telling your bank that you are not going to pay your mortgage this month because you refused to raise your personal debt ceiling?
    54
  1526. 12:45 I LOVE how they’re grouping legal permanent residents (green card holders) with all the other illegals. I came to the US legally 12years ago, never broke the law, always paid taxes and just recently became American. This country has become unrecognizable.
    54
  1527. Buying an apartment has mostly seemed like a silly thing to me. I know people can flip and whatnot to turn profits, but buying an apartment doesn't make any sense to an old guy like me. If you don't own the ground beneath, you don't really own anything folks - it's that simple.
    54
  1528. That looks like an early to mid-1960s South Florida building. These were sturdy and well built construction. So sturdy people neglected to maintain them properly. Hurricane Andrew in 1992 was the last time many of these buildings had any work done on them. So now in 2023 with these new regulations, many will not survive. They are teardowns. It's evolution.
    54
  1529. The border should be shut so tight that a mouse would be unable to enter illegally.
    54
  1530. On the news tonight It said 244 thousand jobs added They didn’t tell the truth It’s because of extra workers for the holidays Then most of them will be laid off
    54
  1531. All I see is people going broke to keep up with the Jone's. My mortgage is $465 a month, what do these people do for a living and how do they do it!
    54
  1532. I live in Hollywood Fl. I paid off my mortgage six years ago when I sold my boat. Saving 6k/year on my homeowners insurance. I dropped the windstorm but I did keep my fire and liability insurance on the house. So if you really have to save, you have to sacrifice sometimes.
    54
  1533. One of the reasons I'm not buying right now, I don't have $31K for unexpected emergencies.
    54
  1534. We saw the bubble about to pop in Cape Coral and sold last Fall. There are SO many new homes being built there it's crazy!
    54
  1535. To sum it up.....don't buy a condo because what you THINK you purchased may not be what you end up with. The horrible part is that you may not be able to unload it....thats enough to keep you up at night.😢
    54
  1536. Your dad did really well on that “force march .” He kept right up with you. Ha!
    54
  1537. Corporations use to value a long term employee.. they don’t today !! Actual retirement packages to stay with them for decades…. No corporation offers that anymore.
    54
  1538. Bought my first two bedroom one bath single family home with two car garage in 2003. It was supposed to be a starter home. Went thru ups and downs in the economy and life and am so happy I wasn't pressured to upgrade. No other freedom than having no mortgage payments and affordable maintenance. Only thing I focus on now is retirement in my mid forty's. Goodluck everyone!
    54
  1539. Those two houses selling for over a million dollars would be around $175,000 here in the city I live in Wisconsin, and would have a full basement underneath them
    54
  1540. I HATE how sketchy dealers are with pricing. They'll do everything to not show you the OTD price, and sneak in thousands in garbage add-ons and make them seem like they're non-removable (alarms, paint warranty, etc)
    54
  1541. I wasted 260,000$ on rent for 10 years. Let that sink in! I now own and it provides stability and reduces anxiety. Every year I was nervous the owner was going to decide to sell and put us out. Next home I buy will be my retirement home and I’ll rent this one out.
    53
  1542. This time Michael I beg to differ. I've been working for 50 years as a waitress and right now I live in Clearwater Florida and all the restaurants are busier than anything. I work at a Bob Evans and we have lines out the door. I don't understand it I don't know how people are affording to go out to eat. But maybe they're just using their credit cards and we get a lot of old people that come to restaurants also because they don't want to cook. And we have a lot of Uber eats DoorDash all kinds of people picking up food so people are spending the big bucks on home delivery and I think because people are spoiled and that's the last thing they're gonna give up on his going out to eat. That's my perspective and that's what I've been seeing going on around Clearwater at restaurants. Just thought I'd tell you that. Love your videos Alw
    53
  1543. Michael, I called out my local Toyota dealership for being greedy and charging obscene markups. Now people can't afford their huge car payments, not surprised by this. The crazy part is these salespeople actually have large car payments themselves lol.
    53
  1544. ANY and EVERY HOA is a deal breaker: I do not want neighbors like HOA operators who are the very neighborhood trash people HOAs were supposed to have been preventing from "polluting" the neighborhood.
    53
  1545. No worries. Live in a R. V. Leave each time a hurricane comes, come back when it's over. Don't play the insurance scam . Keep it simple
    53
  1546. As a landlord, I always kept rent low, I don't want people moving in and out and smashing up the walls. It's consistent for long term and no bs.
    53
  1547. My realtor no longer calls it "price reduction" she refers to it as "price improvement". 😂
    53
  1548. And, I work for a small company. My division works from home. This is the only way we can attract talent from across the country vs only in our local market.
    53
  1549. When things get better (eventually, It took about 15 years for the Great Depression) , don't forget how we were treated!😡
    53
  1550. Happy Wednesday Michael, Thank You! Almost 100k!!! The system is broken and people voted for this. Shoplifting is hurting so many businesses. Not a surprise so many are closing in bad areas. It's also hurting people who are living in those areas.
    53
  1551. You’re a level headed guy,& appear to present the facts, after your research. Definitely much better than mainstream media. Always rockin with ya Michael.💯👏🏾😀💜✝️🙏🏾🇺🇸
    53
  1552. Nice comparison! Florida beaches are way better in my opinion!!
    53
  1553. I live in Adelaide Australia and we have the worst housing crisis ever in our history. Visible homelessness is illegal here so people paying absolute fortunes to live in a caravan park. Also they can and do encourage bidding wars, and discriminate who gets a rental home. Here’s who can’t get homes : single mums, young single males, people with pets, people on pensions, elderly. It’s become a national crisis
    53
  1554. Yes 😊. Greed should always be called out .
    53
  1555. Got rid of my car for an ebike two years ago. No need for a car, insurance, gas.
    53
  1556. I have been laughing for years now at the stupidity and insanity of the housing market. What is so funny is how pathetic so many buyers were,....overpaying,....waiving home inspections,....putting in bids for homes sight unseen, and writing letters to the sellers pleading for them to choose them because it would be their ''forever home''. .And the worst is when all the dust settled it is still only a home,.......and owning one can't solve all of life's problems,... sometimes it makes them worse
    53
  1557. These videos are therapy, even though the outlooks are grim Lol
    53
  1558. Thank God I can still afford nachos.
    53
  1559. If you pay $750 per ticket to see Taylor Swift in concert during a recession, you should probably be on a government watchlist.
    53
  1560. 12:40 into the vid. Gotta dump her. She could ruin you financially and your future.
    53
  1561. Hell Of Association for people who crave extra government.
    53
  1562. this is feeling more like a depression, if you're a contractor you know how slow it's been, ppl aren't calling you to fix their homes anymore because they're broke, it's been down at least 50-60% compared to last year and the gov, keeps lying to us.
    53
  1563. My landlord is a Boomer property investor. He just bought five new "starter" homes and is going to keep them rent them out at a handsome profit. The listings never made it to the MLS--a realtor he works with hooked him up with the sellers (he paid all cash). I'm living in Lexington, KY right now, and the local paper found that 235 investors controlled one in every 10 Lexington home sales since 2019. The top five investors bought 1,000 houses between them 2019-2022, every single house a "starter" house that people used to buy as their first home. The market is NOT going to fix this problem--we need limits on investors buying single family homes. Period. I know you have a lot of investors watching your channel and they're going to yell Communism or something at me, but everything has to have limits, and that includes capitalism. We already have limits, don't we? Companies aren't free to pollute, they have health and safety standards, we have a minimum wage, and anti-discrimination laws. Limiting investors from buying single family houses will be a good thing for our society.
    53
  1564. No to an electric car.
    53
  1565. I’ll take Humidity ANY day over Wind Chill.
    53
  1566. I live in San Diego, there is 4 Homes in my neighborhood that have had a For Sale signs in the yard for 3 to 4 weeks and still there, haven't seen this in at least 6 years,not a mental giant here, but obvious is obvious.
    53
  1567. Hi Lizzie!! ❤ So sweet to walk together, love it!! Enjoy your trip!!!❤️❤️
    53
  1568. Being priced out forever seems to be my new reality. I’m not happy. Something is terribly wrong for the market to be so distorted. Comps are killing new listings because those prices are stupid as well. I have no debt, plenty saved, over 800 credit, and sitting back and waiting. Sucks.
    52
  1569. I watch both of you regularly. Great to see you together and your combined thoughts.
    52
  1570. Thanks Mike. It’s pretty sad. Nobody can afford a house these days and it shouldn’t be that way.
    52
  1571. Michael I hear you on boycotting the market, but people aren’t that bright. Some people just love to dive into debt and cannot be saved.
    52
  1572. There will never be a solution. The system is built on failure.
    52
  1573. Michael's videos are the perfect equal of entertainment and information source
    52
  1574. In the 1980’s, homes were much, much less cheaper. I’ll pay 12% on a $50k home any day over paying 7% on $1M home today
    52
  1575. So sad forcing people out of their homes especially seniors, or fixed income people. What is our world coming to? Homeless
    52
  1576. Yes, I’m grateful for channels like this educating us on the property market. I think this kind of education didn’t exist for many of us until recently. Appreciated.
    52
  1577. My son's girlfriend was hired at Navy Federal to work remotely. They set her up with a computer and the entire setup. It was amazing. Well, about 4 months ago, they glitched out all of the systems, cough cough, and said that, as a result, they'd all have to come back to campus to work. Thank God she didn't alter her lifestyle by buying a new home or car. 😖 She quit a few weeks ago.
    52
  1578. It's all melting down like you predicted
    52
  1579. That new hurricane scale was probably funded by the insurance companies.
    52
  1580. Back prior to the great housing crash my neighbor put his house up for sale he was offered $10,000 less than listing price, a month or so later he was offered $17,000 less he told the people that he was not in the business in giving away houses after several offering failures he took the house off the market thinking the price will go up prices never did, he lost his job and was foreclosed on. a smart man learns from his mistakes, a wise man learns from others mistakes
    52
  1581. We can always stop using real state agents , as long as your price is reasonable, you can always sell your house
    52
  1582. I trust a Ouija board more than I do Zillow
    52
  1583. Home insurance another racket .
    52
  1584. Owed $6500 in credit card. You will never pay it off if u don’t put away the card. You’ll just pay use pay use end up in a never ending loop. Payed all of it one time n dump my $30000 credit card.
    52
  1585. Sidenote* Kohl’s charges 36% interest on their cards. They make you use your card to get the deals. They should be making money hand over fist.
    52
  1586. Most we do is get fried chicken or rotisserie chicken from the grocery store deli, toss in a few home made sides and we have meals for days.
    52
  1587. Can you imagine the huge influx of people coming from other states like NY who never been through something like this and never knew how to prepare for this?? Also the amount of new construction homes that never settled into their foundation and are made of toothpicks anyway??
    52
  1588. Non-profit actually means: We take a bunch of money from you and spend it all on big parties, big salaries and "work trips"!! leaving nothing left which means "we show no profit"
    52
  1589. As a millennial watching these videos (I started roughly around the pandemic) I’ve paid almost all my debts off, and built an emergency fund that’ll carry me through about 1 year if I lost my entire income. My dad also told me growing up to keep my bills as low as unemployment would cover. I’ve taken all of this advice to heart, and turned into a frugal nut. I do live a pretty comfortable life. It feels good looking at my savings knowing that I’m secure. Next month I’m taking a trip to Vegas to enjoy myself, with an extra fund I’ve created for vacation. It’s hard, but becomes normal once you apply these rules regularly. I do have a mortgage, that I got a few years ago with a 4% fixed rate, I also bought my parents home on a huge deal. I’m well above water. I do see friends of mine living lives like you talk about everyday. I tried warning them, but they think I’ve lost my mind.
    52
  1590. The fact that Michael lived in IL and made it out is enough to earn my respect. Keep it up!
    52
  1591. Bought my house in NY in 2011 right at the bottom of the market. I’m a retired cop, 2 things we’re keeping me in NY 1. Wife makes good money( nurse) 2. We live in a good school district for our kids. Now NYS attorney General Lelitta James has come out and said school districts can not block Illegal immigrants from enrolling in their districts they do not need to provide documentation that they live within the district. That’s it, that’s game over for me I’m not going to pay $14,000 in property taxes to send my kids to school and pay for these Illegals kids also!!
    52
  1592. Still living in America isn't all that great! And the American way isn't necessarily the right way, the only way and definitely not the best way. If you never live abroad you will never know! Most Americans have believed lies for so long they think living in the US is the best thing since sliced bread! What a crock!
    52
  1593. Yet another American industry flexing it's collective muscle and crushing the chance of the working class to get ahead. I don't believe the insurance industry is out there losing money.
    52
  1594. Don’t underestimate this administration’s ability to make things worse
    52
  1595. It is so terrible that this is happening. Condo buying sounds pretty scary to me.
    52
  1596. This channel deserves a LOT more subscribers. Loads of common sense and information and data. Like and subscribe!
    52
  1597. Absolutely no to HOAs, never. Only rent units with no HOA and all the responsibility is the landlord's.
    52
  1598. When you speak the truth each and every day you piss very powerful folks off. Please watch you back!
    52
  1599. I won’t be surprised the white house pause it again until 2024 to make it a presidential issue, to promise the forgiveness again the same they promised with the immigration 😂
    52
  1600. It's like we're caught up in a tick-tac-toe game. Either way you move, inflation is going to win.
    52
  1601. I figured it would drop a bit around this time since people hardly buy during the holidays. But prices remain pretty high so it’s still not a great time
    51
  1602. They only protect SVB depositors . They are powerful depositors who contribute to the politicians.
    51
  1603. It is such a disgusting situation- It’s become impossible for folks to stay in their home towns , if they would like to It shouldn’t have come to this. Taxes are part of the problem for younger home buyers…
    51
  1604. GUY IS BRINGING SOME GREAT N-FO , BRO WITH OUT U TELLING WHAT'S HAPPENING AROUND THE COUNTRY ALOT OF US WOULDN'T NO , THANKS FOR THE TRUTH .
    51
  1605. Unfortunately it is going to get worse! I'm an insurance agent in Florida. Heart breaker 💔
    51
  1606. Seniors at a certain age should be totally tax exempt. Most earned it!
    51
  1607. The rent is too damn high!
    51
  1608. Not going to lie I'm going through the personal consumer proposal process. It's the only way to keep my small business alive. Good luck to small business owners these next few years!
    51
  1609. I hope those living in a mobile park have family or friends they can pay affordable rent to and live there when things go bad. I hate to see the suffering of the homeless.
    51
  1610. Parents around me always using their kids as excuse to buy things like skis, mountain bikes, trampolines, etc and go on multiple vacations, concerts, out to eat, movies, etc but then bitch how much everything costs. It's insane!
    51
  1611. 20% of realtors have 80% of the sales, the other 80% (the amateurs and semi-pros) will probably leave the business.
    51
  1612. Millennial here Michael. I made about $115,000 last year in California and I paid about $30,000 in total taxes including around $9,000 to the state of California. No kids or property.
    51
  1613. It is a miserable job unless you don't really need the money. If it is a spouse of someone with a good job, why not. But if you need an income to live it sucks.
    51
  1614. Just moved from Pennsylvania to southwest Florida and it has been the best decision of my life.
    51
  1615. I left CA last year as well after 15 years. So sad. But, too many negative things happening in CA — taxes, insurance costs, crime, homelessness, city mis-management, outrageous utility rates. Even the weather isn’t what it used too be. I still miss it, and visit often but I think it’s a place best to be visited vs. lived in until things change, if they do, time will tell.
    51
  1616. I'm sorry, but if you needed an ARM to get into your home, you got in over your head and way BEYOND your means.
    51
  1617. Indeed, they gaslit us long enough. Truth always prevails. Thanks Mike!!!
    51
  1618. Like it says in the Bible, do not worry about tomorrow, for tomorrow will have its own worries. Each day has enough trouble of its own.
    51
  1619. This work in the office business is generally based on a fallacy. Most peers may work in different cities so your communication is generally conference calls. Companies have cut back drastically on periodic travel to other business locations, so there is little face-to-face interaction, and the office workspaces are so small, tight, and clustered together that it is near impossible to take a phone call in your cubicle. In the 90s, in my early 20s, I had a private office, business AMEX card, expense budget, AND private car service to take me to/from the airport. The company paid for my private gym membership. America is in decline folks.... Brace for impact!
    51
  1620. Bought a nice used car, put about half down, and have a car payment under $300. Buying a new car with little or no money down keeps the majority of people on the financial hamster wheel..
    51
  1621. Correction, If you live in house you don't own the land. The government owns it, and you get to look after it and pay taxes on it.
    51
  1622. Your videos are a breath of fresh air, always enjoy watching
    51
  1623. Thank you for the info on property tax rates. I didn't get any advice on that from my agent when I was thinking of buying a house last year. I decided not to buy thank goodness.❤
    51
  1624. Sounds like heaven to me, will take that anytime over Toronto's 7 months of winter
    51
  1625. There is also the possibility that after a significant enough event, the insurance company would claim insolvency and none of your prior payments would mean a thing. This is NOT the age of integrity.
    51
  1626. It’s crazy to me that a person would even move into a neighborhood with an HOA. I wouldn’t consider it not even for one second. Like who are these people that just willfully accept being told what to do? I mean I could understand like a super basic HOA that you know cost 100 to 500 bucks a YEAR…. But anyone that buys a house and just knowingly accepts that they’re gonna have to pay 500 600 700 a month. Well, you apparently make bad decisions. Fight with your wallet. You enabled them.
    51
  1627. This sounds like the scene in "The Fifth Element" where the guy says we need to lay off 500K and the head guy, Gary Oldman, says fire 1 million.
    51
  1628. You can't rely 100% on the inspector. We bought our house new in 2002. Years later, I was weeding the garden bed and noticed water coming out of the overflow for the upstairs bathroom when my daughter was running water in the sink. We suspect the builders dumped something down the drain. Another thing to add to the checklist.
    51
  1629. I'm a Florida native , my family has been here since the 1870s . Long story short I left, not coming back. Too expensive, way overcrowded, tourist everywhere, no one is from here anymore. Found property for a new home build , my business ( owner & operator ) truck driver. Everything that Florida was now I find in South Carolina hopefully it stays this way . Enjoy your videos! 🙂
    51
  1630. We moved from the Midwest to Tampa last year. When we were looking for properties in 2019, we looked at several highrise condos. The views were spectacular, the locations were close to downtown, BUT there were a couple downsides for us--1. high HOAs with no guarantees that they would not escalate in the future (same with assessments) and 2. we had a dog and the thought of having to make the long elevator rides and walk across parking lots to doggie areas several times during the day and night was challenging. We ended up in a house instead. No regrets, its a great house, fairly new, and we have our own pool, so life is good. I would be so nervous if we had purchased one of those waterfront condos. My heart goes out to anyone who was involved in the collapse ... and any condo owners who now feel a sense of potential disaster.
    50
  1631. That’s why I’m happy the state of Florida is bringing financial education and literacy into the schools now.
    50
  1632. Really evil to take the home of a 93 years old. No words for this wickedness. There's no compassion for anyone 😔
    50
  1633. Throughout my life I've seen people in NJ take advantage of welfare programs, disability programs, section 8, and much more. There's even courses online where people teach one another how to game the system. All it does it burden the backs of people who have to work 1-2 jobs to then have their own income taken away in the form of more taxes. I know it's tough to get ahead in todays world, but this isn't the solution.
    50
  1634. As a Veteran who was recently interested in a first-time home purchase I've noticed that mortgage lenders who specialize in VA Home Loans didn't care about my concerns and hesitation about being able to afford buying a home and just wanted to get me approved as quickly as possible. I was suspicious and started to do research and thank God I found your channel and Nicholas Gerli's Reventure Consulting channel as well. Now I feel much more informed about what's really going on in the housing market and I didn't make a rash decision to purchase a home when I can't afford one.
    50
  1635. What’s funny is that taxes aren’t figured in the CPI, so it’s way higher. The “Great Reset” is going to hurt. If home prices only go down 5%, buyers will hold off buying. Most homes in Florida have doubled or tripled in price from the last purchase up to 7 years ago. Most sold in the last 18 months. I won’t touch one. Let them sit.
    50
  1636. You're not paying attention if you don't think pay increases are not tied to the cost of living and inflation. The middle class isn't going to get a break and is soon to disappear.
    50
  1637. I went to Florida Ft Lauderdale, I did not like it, it's way over populated. It is too expensive. People are rude.:hand-orange-covering-eyes: The only good thing was the Beach.
    50
  1638. I’m buying food and that is putting me over my spending limit. I stopped going out to eat, I stopped using my credit cards. I have a car payment rent electric and insurance then gas and food. Food puts me over and I don’t buy junk food. I buy meat once a month. Prices are wayyyyy too high
    50
  1639. Time to convert the empty office towers into affordable housing - not drag people back into a dead paradigm.
    50
  1640. In Ocean City NJ a 60 year old condo near me was condemned by the State early this summer. The Condo is about 30 units most around 400 sq. ft. and only 2 stories high. It all started when a recent buyer found out there were structural issues in the building and sued. Other owners who bought in the last few years said the issues were not disclosed to them either. A month or so later the Association hired an engineer that said the building was safe to live in and the owners who mostly use it in the summer months were allowed to move back in. A very reputable local developer made them an offer: give up their unit and pay $200,000 for a unit in a brand new building. Given the condition of their building, a no brainer. The building would be raised up and made bigger using the large parking lot next to the building. Their view of the wetlands would improve because everyone would be one story higher. The pool could go on the roof and have beautiful views. 4 or 5 people said no. They are now going to try to fix the building. And it's a Shit Hole.
    50
  1641. Amazing how much the county keeps getting in property taxes every time a property is sold and they just spend it like water.
    50
  1642. Michael, I've lived in my house in SoCal for 15 years . My premium with State Farm started at around $500 and has steadily been going up $75-$100 every year. About $100 per year for the last 4 years for sure! I paid $1,900 last year so figured I would get a bill for $2k this year. I have always been good to them and taken care of any repairs paying cash and not filing any claims. I got my renewal last week and nearly fell over when I saw they were trying to charge me $7k now! When I call I go to voice mail and they will not call me back to give me any explanation. What's going on with this world???
    50
  1643. The current housing situation is making it tough to be a real estate agent and sell homes. I honestly can not ethically sell again until prices come down. I'm over in Naples and I still think people are asking ludicrous prices for tiny and dated homes on postage stamp lots. If you bought in May of 2020 for $350,000 there is absolutely no financial reason why anyone should pay $700,000 today for your home. We need to take Jan 1, 2020 pricing and add 3-5% per year and that's where the market should be. I blame this all on the fed for not raising interest rates in 2021 when the market started to increase exponentially. Instead of raising rates to combat the extreme appreciation, they lowered rates more and then printed additional money to give away... it makes me sick in my stomach to think about all the hard working Americans who are getting completely screwed by the system and will end up in a negative equity situation.
    50
  1644. I bought a home in 2019 2.5% interest rate and house was $421,000 .. I got lucky but even with low interest rates it's still struggle with inflation.
    50
  1645. I've looked at some "newly renovated" homes and have yet to be impressed with the extent and quality of the renovations. It seems to me that the flippers use the absolute cheapest materials and the least amount of skilled labor possible, investing $10,000 for an increased price for $60,000 or more. I suppose they do this because it works on at least some people. In my area, I'm now seeing houses for sale that are "half-finished" flips, where the flippers started the renovations and have abandoned them in progress. If that's not a sign of sellers' panic, I never saw it.
    50
  1646. I got lucky,I sold my late father's house in less than a month at asking price. My realtor here in fort Myers,Florida hit it out if the park.🤙😎😁🤗
    50
  1647. RANT ON MY BROTHER!! 👍🔥
    50
  1648. Graduated college and got my first job and my Dad charged me half my income to live at home and covered no food or expenses and made it literally impossible to live at home....I realized years later he was doing it to help me become self-sufficient and get me the hell out of his house and become an adult...He did it because he loved me...Parents have kids to set them free...thanks Dad.
    50
  1649. I'm 41 and I am fairly certain we will not see mortgage interest rates return to 3% in my lifetime, unless there is a five plus year long depression that would rival the 30's. The future problem not discussed when we debate about rates is the other factor that affects them and that is a country's solvency. It is not too alarming now but you will hear more and more discussions of our national debt in the future that will affect rates no matter what the federal reserve does. When our national debt is exponentially increasing and the other bond buying nation's are slowing the purchases of our bonds, this will spell trouble in the years to come.
    50
  1650. We are screwed
    50
  1651. Even though you cover topics that can be dismaying, I wanted you to know that I find it peaceful to watch your walks and listen to your commentary.
    50
  1652. There's a lot of people here in FL that can't afford their deductible. Things are about to get really messy.
    50
  1653. Some of these houses looks like they are on “true crime” tv shows LOL
    50
  1654. Fun walk through the old neighborhood!
    50
  1655. I’m living in LA and watching this video on vacation in Miami. I think income is a big factor. I work in tech and can afford to live in a nice area a few min from the beach in LA and I love it. Anyone I know that hates it can’t afford it. That being said LA food is waaaay better. And night life is way more diverse. Don’t get me wrong I love the Miami club scene, but I went out tonight in search of a cool live music whiskey bar and was just finding more bars and clubs that were all exactly the same neon club music vibes. Miami seems to have one vibe while LA is like a different city every few blocks.
    50
  1656. Interest rates are not high, historically speaking, but housing prices are sky high. People need to start worrying more about the price than the interest rate.
    50
  1657. Over the past several months, my business has completely dried up. No income at all so far in December. I've been watching the steady decline since mid-summer. Mainstream media is gaslighting us. Everyone I know is freaked out about food prices, housing costs, health care - you name it - but it's confusing when the media lies about reality. I was at the store TODAY and saw eggs for $7.00 a carton. We're all gonna be very thin.
    50
  1658. A buddy I used to work with in sales once told me a motto to live by.. "Pigs get fed, but hogs get slaughtered"
    50
  1659. Working hard never paid off for me, because there was always a relative, a friend, or a political hire who would always get moved up. Hard work can make you successful, only if you have the right boss; otherwise, it's a popularity game. Now what do you tell all these hardworking people who are getting laid off by the thousands every day? Hard work won't save your job if the economy goes bust.
    50
  1660. This is one of my biggest peeves with things like EZ pass. I've had several charges that where wrong, and you simply have no way to fight it. Supposedly it's there to make our lives easier, but ultimately, it's just another thing that makes you captive.
    50
  1661. The more stuff that i bought in the past that i didn't need, the more depressed i got. Now that I've broken the bad habit I'm never depressed anymore. What an epiphany. Thx Michael for your brilliant videos.
    50
  1662. People can't stop spending. It's built into there DNA. They need to spend because it makes them feel like there important and there life has meaning. People go home sit down and be quiet. You are somebody you don't have to spend money all of the time!
    50
  1663. Friend in Florida needed to replace the plumbing under the house; she called her insurance company to see if it would be covered under her policy (not submitting a claim). Not only did the company inform her that it didn't cover the repair, the company canceled her policy for just asking.
    50
  1664. The big difference is that we can swim in the ocean like 1 week a year and you guys can swim everyday.
    50
  1665. I hope Flordia enjoys the stainless steel Brightline trains, i was a welder who helped build those trains back in 2015-16, glad to hear they're starting up!
    50
  1666. Florida is no longer for me. Crazy…
    50
  1667. "My client, he had a pretty good income but he could barely afford a $2m house [in the current market]!!" I think we have VERY different definitions of "pretty good income" lmao!! 😵😵 Im over here trying to figure out if i could swing $350k on a $120k salary lol
    50
  1668. Whoever said that all you do is give up bad news as walking through life with blinders on You're keeping us informed.and we thank you very much
    50
  1669. The poverty and homelessness in the United States is shocking.
    50
  1670. I got sued for an old credit card in 2020. I didnt get an attorney but hired a paralegal to help me respond to the lawsuit. I settled a 3500 lawsuit for 500 dollars. But it took alot of negotiation with the creditor. And get everything in writing and do not give them access to your bank account
    50
  1671. Those 1.5 million dollar homes look like $250k homes anywhere else not long ago, a lot of them.
    49
  1672. In my small town the no-good mayor allowed our small homeless population grow into a mini Skid Row over the last few years. In 20 years we went from a small homeless population to a strip of over two blocks of broken-down cars and permanent encampments on the sidewalks. It got so bad and dangerous that I couldn't even drive through the area because of the crime and drug dealers. Our no-good Democrat mayor and city council let the problem fester for YEARS until about a year ago when they finally dealt with the problem. That area of town is now clean and safe, but they never should have let it go to Hell in the first place.
    49
  1673. Finally 😢the fed is admitting the TRUTH 😮!
    49
  1674. I realize most home owners have a mortgage, but i'd like to note that i know of myself and other friends that own their home outright with no mortgage and STILL are not making it and forced to sell, as it is getting more difficult to make ends meet of paying insurance and property taxes, gas, utilities, food alone. many people going to tents and vans and rvs.
    49
  1675. I totally agree with selling to a young family!!! 😊
    49
  1676. I am so grateful to be retired. Retired a year and a half ago and moved to FL. A dream come true.
    49
  1677. The median wage for a single person is 45k and the median home is 445k….that’s almost 10x!
    49
  1678. Give me a 90 year mortagage. Who cares. Just keep my mortgage at 100 dollars a month. 😅
    49
  1679. The current situation is not surprising considering the fact that so much of the money in this country is being held by such a few people. The working class has no more ability to impact the economy than the people living in tents.
    49
  1680. I've owned my home for 25 years. No way could I afford to buy it today.
    49
  1681. You can feel it. At least I can. There's so much anxiety and uncertainty everywhere in anything that has anything whatsoever to do with money or economics.
    49
  1682. I know so many people on Long Island that paid their mortgages after 30 years but the taxes kept creeping up and up and up and they had to sell. It broke their hearts, sad America. Thanks Mike stay well the heat is coming.
    49
  1683. There is no way our 250k house is worth 500k.
    49
  1684. I've told a friend age 51 to start watching your videos. Told him to just save money, rent and do not buy a house right now. Wait for the crash to come and save up a big down payment. My house I owe 24,000 left on it so I'm almost done paying it off got the mortgage in August 2014.
    49
  1685. Best wishes for your sister Sarah and her fiance/husband. 🎉🎉🎉 Thank you for addressing the real world.
    49
  1686. Great 20 minutes straight talk. No bull. Common sense advice. 👏 That's what advice without vested interest sounds like folks.
    49
  1687. You missed Fort Lauderdale- my favorite!
    49
  1688. Reverse mortgage is a very scary thing. Please do your homework before you decide to do this. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    49
  1689. It is Christmas in Australia and I have 4 Children and can say I did not buy one chinese made present just gave cold hard cash.
    49
  1690. The whole country has deferred maintenance for many years. Residential, commercial, hotel/motel, retail. The carpets are in tatters, the mechanical and electrical and plumbing are worn out. Roofing is leaking in so many CRE.
    49
  1691. Michael, you always provide great content. Thanks for keeping us informed.
    49
  1692. Michael, this might show there could be hope for people spending on what they want and not what they need. Now there 35 states require a semester of personal finance in order to graduate from high school. No guarantees. But it's a step.
    49
  1693. Michael you gotta be the most depressing channel on youtube....but you speak the truth and know how to connect the financial dots. I will continue to listen you and get even more depressed. Thank you for your great informative videos.
    49
  1694. With such inflation, loss of standard is a given. People probably forget that once inflation goes down, prices will stay up :)
    49
  1695. 🙏🏻 Thoughts for Florida ~ two major hurricanes in 12 days?! 😢 This will be catastrophic for a large number of people there.
    49
  1696. I picked up 4 homes in South Florida after the 2008 mortgage crisis, I had cash at the right time. Today all those homes are paid off and rented.
    49
  1697. It might be a good thing that people are leaving because there's just too damn many people there
    49
  1698. I bought in Citrus County 6 years ago. We dont have the beaches to deal with. We have the Springs, rivers, hiking, and great fishing. I paid $160k for a 3/2/2 with a pool, across from golf course, NO HOA. Put $50k into it. Its worth $375k right now. Im happy.
    49
  1699. I don't want this to sound like an attack on all realtors, but I'm encountering many lazy ones in my house search. Finally did find a realtor with some hustle and she said "Oh, they're used to having buyers crawling all over them and begging them to take their money, and it's gotten them spoiled and lazy." Her words, not mine, but she got our business because she communicates with us promptly, stays on top of the market, and has waved us away from several "problem" houses that aren't worth our time and effort. When you see what a difference a hard-working, conscientious realtor makes in such a stressful process, you realize they REALLY earn their commission.
    49
  1700. Retired factory worker here. Had two factories close on me and have been laid off more times than I can count. Job security is and has always been a myth. You always need to have a plan B. You have to be able to tell the difference between a need and a want. Buy the car you need, not the car you want. Live where you can afford. A house is a home not an investment and never a piggy bank. If you do that you can buy peace of mind.
    49
  1701. My mother said your house payment should not be anymore than 1 week of pay.
    49
  1702. I am a millennial who is waiting and waiting as long as it takes to get to a place where we know we can afford it even if it takes years.
    49
  1703. I agree. I paid off my student loans and my wife still has student loans. But those risks we chose should not be the responsibility of anybody else.
    49
  1704. I never stopped working but those who were gloating about free money are whiny beasts now.
    49
  1705. I gauge the problems by the zero dollars in my account! 🤣🤣🤣
    49
  1706. Nothing lasts forever
    49
  1707. When you have a neighbor who doesn't take care of their yard maybe other neighbors should go knock on their door and see if maybe they might need some help.
    49
  1708. Back in 1966, when I was four years old, my parents had a bitter divorce, and my mother argued that she should have custody of us kids. My father asked how she would support three kids, and she replied, “I’ll get a job.” To which my father retorted, “who’d hire you?” At that time my father was an engineer working at GE in the Plastics division, the very same division Jack Welch came up through to eventually become CEO. Well, my mother did win custody, as was the norm in that era, and my father was ordered to pay $60 per week in child support ($20 per kid). In the years that followed, with just her high school diploma, my mother took all manner of jobs, anything she could get. She cleaned houses, sold Avon, worked in the office pool for Berkshire Life Insurance, decorated wedding cakes, hung wall paper, the list goes on. And then one day, in 1972, with her name in the files of Kelly Girl (the old name for Kelly Temporary Services) she got called up to fill in for a secretary who was going on maternity leave. A six week assignment, secretary to a technician, at GE Plastics Division. She reluctantly took the assignment, knowing she’d be passing my father in the hallways. But kids gotta eat. Six weeks goes by and the woman she was subbing for decides not to return, to stay home with her new child. They gave the job to my mom full time. Six months later her boss, the technician, gets a promotion. GE had a policy of hiring from within, and when they asked him who in the department should replace him in his technician role, he said, give the job to my secretary, she already knows it. And so they did, and saved money in the process when she refused to have a secretary of her own. Over the course of the next 9+ years she rose through the ranks, her and her high school diploma, to a marketing engineer role, a higher rank than my father, with more responsibility and more pay. She didn’t mind so much passing him in the hall anymore. And at ten years and a day, having shown him exactly who’d hire her, she took her partial pension and joined two other engineers to go off and start up a new company. Equality of opportunity allowed my mother to rise beyond anyone’s expectations at a time when women were seen as second-class citizens. And by her example she showed her three boys that women are fully equally capable to tackle any task or career in which they apply themselves. Oh, and she never asked for a cost of living raise to that, wholly inadequate, child support. That never entered her mind. So why tell this story? Because money was a daily concern in our household as I grew up. I learned every facet of how to save it, stretch it, grow it, and what to spend on and what to not spend on. All these years later, with just a high school diploma, I’m a multimillionaire. Thanks for leading the way, mom.
    49
  1709. I did not get a dime, those who took PPP money need to be prosecuted to the fullest extent of the law.
    49
  1710. If it wasn’t for the veterans that died for this country among the 19 million veterans that live today, there wouldn’t be a USA… And that includes the homeless veterans…🇺🇸✝️💜☮️🌎🙏⭐️FREEDOM COST LIVES❤️❤️‍🩹💔NEVER EVER FORGET THAT MICHAEL…
    49
  1711. Well, some of us have lived well below our means for decades.
    49
  1712. I retired at 60 with my full pension and a month after having breast cancer surgery. 6 months later I was having surgery for suspected cancer in the lady parts. Screw working. I’m living. I’m eligible for my social security in August and I’m taking it. There is no guarantee I’ll be here at 67.
    49
  1713. Moving overseas is a temporary bump in quality of life depending on where you go.The problem is laws often change overnight regarding Visa/Residency,you can be sitting pretty investing into your life overseas and then Bam!!! Everything you invested can be upended with a beaurocracy so confusing,even the lawyers of those countries have a hard time interpretating the laws.
    49
  1714. 31 and never owned a car. Prefer to invest and I walk to work.
    49
  1715. The reality is house prices are 50%-100% over valued compared to more 2020. People expect houses that can be affordable in a good neighborhood.
    49
  1716. Regarding the bonus return the most important thing that wasn’t mentioned was that the sign on bonuses had a stipulation that you needed to be there for 2 years. Obviously the lending business crashed so these people were fired before the 2 years. WSJ just ran an article on this yesterday.
    49
  1717. Instead of student loan forgiveness they should have done a VA home loan rescue plan. I would much rather have my taxes go towards helping veterans instead of people that took out a student loan for gender studies.
    48
  1718. We had planned to move out of CT this year but now we’re not so sure. Sure, FL doesn’t have a state income tax but home prices in Orlando are not cheap, add in HOA fees, insurance and 7% interest rate, it doesn’t make financial sense to move 🙁
    48
  1719. We are spending 10k per year more now then 2020 and that’s family of 5. It’s crazy. Definitely not doing better, not at all.
    48
  1720. They artificially kept the price extremely high to force a $5 menu instead of a 1$ or $2 menu this is an insult to consumers. Just ask yourself why are they charging us double, while they're buying the same ingredients at 2019 prices. BOYCOTT BOYCOTT BOYCOTT BOYCOTT BOYCOTT BOYCOTT BOYCOTT BOYCOTT BOYCOTT
    48
  1721. Sadly, the biggest winners of this latest inflated housing stupidity are the state and county governments who are reaping increased property taxes, at rates they’ve never seen. And, those taxes are very likely to remain abusively elevated for years into the future. I can’t imagine paying thousands of $ / month to the government, plus a huge monthly insurance payment before I even get to the mortgage. Not for me. I’m so thankful I’m mortgage free. I pour a glass of wine, make some popcorn and tune in to watch the madness. Almost entertaining 🤣😂
    48
  1722. Same thing is happening here in AZ. Investor groups buying up these parks and saying adios to folks that have no other options. This is the downside to free enterprise.
    48
  1723. Best option: Don't shut down businesses for a scamdemic.
    48
  1724. It is not Free money.
    48
  1725. Property taxes always shock me
    48
  1726. Jesus. I am sick of hearing about working remote. Yes, I am sure low skill workers are less productive. I am in tech, senior lead. I am held to goals and outcomes. My productivity is up and my stress is way down!
    48
  1727. My auto insurance doubled and nothing changed from prior policy. I was told it was based on the underwriter etc. absolutely insane.
    48
  1728. CA Governor Newsom announced back in the summer of 2022 that he signed legislation to ban all gas powered vehicles sold in CA by 2035. Couple of days or so later during the heat wave, CA told citizens not to charge their electric cars during peak hours as to not put strain on the electric grid.
    48
  1729. It's hard to fathom how bad things are going to get. It's like an, "everything" melt down is guaranteed.
    48
  1730. A lot of people would like to own a Craftsman bungalow or mid-century house if it’s in good condition or if they have the skill or money to fix things. Bungalows in particular were built to human scale using mostly natural materials. In contrast, most newly constructed houses seem to be thrown together using the cheapest materials available and with absolutely no thought given to design details. Take your choice.
    48
  1731. I think it's safe to say at this point that the entire reason we're seeing so many more neighborhoods or localities across the country becoming unaffordable for those who live there, compared to say 50 years ago is real estate investment (at all levels). As someone who grew up in Coronado, CA (renter not homeowner) and going back now 20 years later and hearing from the locals how many of those homes sit empty because they're vacation rentals or third or fourth homes for the rich it's pretty much undeniable. This compared back to the 60s-70s when a middle income family could easily afford a home there because people bought houses to live in, not just for vacations or to make money off of. Sure it's nice to make some extra cash on the side but is it really to the benefit of society if a small minority is able to corner markets simply by taking away real estate they'll never personally use or maybe use on rare occasions? I think not....
    48
  1732. My HOA is so bad some women picketed in front of the office. They all suck.
    48
  1733. So I was having lunch with my friend who works at a title company. Their only closing in 2 weeks scheduled for tomorrow, canceled. There's nothing else on the books so far . They used to close several daily.
    48
  1734. I bought a house in Boca in 2010 for 178k.. 2 yes ago got Divorced and we sold it for $403k. I went back to Pittsburgh bought a house for 78k in cash! I'll come back to after the next crash. I went thought the last crash and glad I ain't going thur this one.
    48
  1735. Thanks for an honest take on our current situation in America. It’s refreshing. You speak for a lot of us out here.
    48
  1736. Dont lawyers always suck up the money?
    48
  1737. Michael,have you ever thought about starting the first 10 seconds of your show with a drone video of the neighborhood you are in.thank you .😊
    48
  1738. I've been in California all my life 36 years...and to me it's completely gone down hill. It's depressing... All these high taxes we pay and everywhere you look you see tents. Not to mention a lot of jobs don't pay enough and the rent is crazy. I'm considering moving out of state because I don't like living like this. And we have all these trees that they don't manage at all.. so the fires has gotten completely out of control. Ughhh
    48
  1739. Those that are living beyond their means will be the ones that will lose the most.
    48
  1740. What’s funny about Zillow and others hiding the real estate info on their website, is that I then move on to another website until I find what I’m looking for. Then I’m using that website that gives me the information to buy the property. I wonder if they understand that hiding that info just makes customers go to competition
    48
  1741. I would imagine the fed and this govt should start paying the citizens back the $34 Trillion and all the land go back to the people.
    48
  1742. These companies are always sending me messages and mail begging me to buy my house!
    48
  1743. I live in Phoenix…those “reduced” prices are still so over the normal price they need to come back to another 50k-100k to make them realistic for most areas. The prices are just not in line with what the average person can afford! Back in 2008 I bought a house for $550k…lost it…and watched it be sold at $179k…yes…that happened and will absolutely happen again…it all smells too similar. Thanks for all you do! ❤✌️👍🎯
    48
  1744. Unfortunately, that increased cost of living impacts the renters too. I have a rental which I've been very hesitant to raise rent on because they've been good tenants for years...but my HOA dues keep rising every year, taxes and insurance keeps rising, and costs of maintenance and upkeep of the appliances and interior of the unit keeps rising. I've been eating the increased costs myself up to this point, but eventually, I will have to pass some of these costs onto my tenant. It's going to be a tough day when I have to do that, but I may have no choice.
    48
  1745. You folks do not know what inflation is. Prices never go down again. Prices may stabilize one day, and that's how inflation works around the world.
    48
  1746. It's about time someone talked about this. All these other distractions from the woke ridiculousness have taken us away from what happened to people during the pandemic. I know people that were close to starvation because the couldn't get the unemployment owed them. Let's get the thieves who stole the cash.
    48
  1747. Yes they should ban non-citizens/perm residents from buying US residential RE, which is for “residents” to live
    48
  1748. You just can't fix stupid. That's our younger generation.
    48
  1749. I was a landlord 35 years. Had two section 8 tenants. Some of the best tenants I ever had, the inspection is minor and keeps your apt up to code. HUD guarantees the rent. In my case it was an 80/20 split. If the tenants fall behind they lose the certification they waited years to get. Non section tenants can trash your building and all you get is a measly security deposit. Take em to court and they end up judgment proof. Waste of good money going after bad.
    48
  1750. 25 years ago, I was paying 11 percent, but my house was only 85k
    47
  1751. I'm a black disabled vet and didn't get help on my mortgage.
    47
  1752. I just paid off my credit card and cancelled it. I'm about to pay off another vehicle, hopefully soon. I own a small house on 5 acres, not paid off, yet. My mom has a property that she has with us as part owners to avoid certain things later on. My mom is a blessing.
    47
  1753. Yes, Mike, I was, until recently, a prison nurse for the state of California, and yes, occasionally we got inmates who broke the rules so that their time would be extended because they had no family or outside support, and knew they would likely end up on the streets, so they did stuff to stay locked up…. 🙁
    47
  1754. YOUR RIGHT THAT PEOPLE NEED TO HEAR THE TRUTH. WE FOLLOW YOU BECAUSE YOUR HONEST WITH YOUR INFORMATION. THANKS
    47
  1755. I believe real unemployment is higher than 3.9. They are counting a part time person as employed, and counting part time jobs in jobs numbers. Since when do they count as FTE's?
    47
  1756. I'm in the Midwest, and even here is ticking upwards. We have an affordability crisis across America! I'd also like to remind everyone remember the reason for Memorial Day. Also, thank you to all our service men and women who made the ultimate sacrifice for us and our country. 🫡 🇺🇸 ❤
    47
  1757. Prices are absolutely ridiculous. As a society, we are pricing ourselves out of living just for profit. Prices started going nuts in the early 2000’s, when the Carleton sheets type investing infomercials started popping up. It’s absolutely ridiculous. As long as we as a society continue with this madness it will never stop. Prices need to go back down to the early and pre 2000’s to be reasonable.
    47
  1758. I figured this would happen. Once people couldn't afford 15 year loans, 30 year loans were created. Once people can't afford 30 year loans, then 40 year loans are created. Guess what happens when people can't afford 40 year loan? In Japan they can do 100 year loans, and the children can inherit the debt. This is why stuff keeps getting more expensive. Giant debt ponzi of pulling more and more money from the future. And guess what, the future is endless, therefore the money is endless.
    47
  1759. People complain about everything lol that's just how it is. Florida is perfect for me because it is the exact opposite of everything from New York. Here in ny, they are still rushing, complaining, fussy about everything.
    47
  1760. New home prices being cut by 30%? Makes you wonder how much profit they were trying to make in the first place. If you get into an area where the large national builders have inventory you can get deals but when the inventory is gone things will settle down.
    47
  1761. For those of you that don't know in California a nice, manufactured home in a nice mobile home park is worth at least 350k up to 500k. And then on top of that you have to pay between 700 and 1000 for rent the space. That is because a normal home is now over 600k so a 350k is considered cheap.
    47
  1762. Great video as usual Michael! The California government sucks, and that’s another reason why I prefer Florida is because it feels like a very libertarian state if you will.
    47
  1763. "Now is a great time to buy a home," said the guy that has to sell homes to pay his bills. I'm sure he's telling the truth, no doubt. 🤑
    47
  1764. The politicians should be in jail for not having done something about housing in the United States. All they think about is lobbyists money.
    47
  1765. Our landlords gave a bunch of us notice including tentants who have been there for for over 20 years never late apartments kept pristine. Raised rent 2 times is 3 months by total $600 all tenants stayed. Gave us notice to move no options or offers so about 8 of us moved. Listed apartment for rent from $2100 to 3200, sat there they dropped it to $2800 and still sitting there. But if he had asked us to pay even 2500 we would have paid it because some who were evicted are now paying $3500 in rent. But because they are greedy they are no loosing money and they worse part of it they did nothing to the apartment after we left but changed the blinds and increase the rent by $1100. Greed Landlords are now suffering and I am not sorry for them. But I am glad he didn't make an offer because I would be spending a extra $6000 per year in rent 😀
    47
  1766. I see no negatives when i'am sitting in my living room drinking a cold beer watching people up north shoveling snow in the middle of January on TV ,when it's 78 degrees out side here . That just erased all the Hurricanes ,bugs ,110 degree heat ,bad drivers ,tourist,sharks , rip tides, lighting strikes .Gators,snakes.fire ants
    47
  1767. It’s very hard for older people to get hired.
    47
  1768. I agree with you about food. I have cut down my portion sizes but I eat healthy food. I don't need any meds at all. I cook all my meals from scratch. My Italian grandmother knew how to make tasty meals that were not expensive.
    47
  1769. We live in a small town near Pensacola. My son told me today he was talking to a guy he knows who works selling home insurance. This guy said that they are now hearing homes going into foreclosure over the raising insurance cost. Here we go....
    47
  1770. I don't have a car payment I'm still driving My 1994 van i bought used for 10k Now it 30years old Pay cheap insurance Pay cheap registration It a win win
    47
  1771. Way to go! Drive that inflation through the roof, stupid legislators.
    47
  1772. I'm classified as being above average financially and even if I'm willing to put down 50% or more these prices are unreasonable. Best to sit this one out folks and wait until things normalize a bit. You don't want to rush the biggest purchase of your life just to be foreclosed on 2 years later. 😶
    47
  1773. I remember the last bubble well. In 2006 idiots were paying over 400K for a home that was worth 180K in 2010. It will be interesting to see how close this bubble can fall to real value before the Fed steps in to re inflate.
    47
  1774. I put 0 down on my home and had sellers pay all closing cost-been in my home 15 years-just bc you don’t have any to put down doesn’t mean you don’t take care of your finances or are irresponsible
    47
  1775. Been learning so much from watching your videos thank so much! 😊
    47
  1776. i like the slightly awkward and candid parts like drinking the wine hahaha the videos go from serious to unserious and then back to serious
    47
  1777. Our long time local butcher, an indoor skate park, and 2 Jackbe locations just closed in my area this month. It's an affluent, white collar area with low crime, so these closures have come as a surprise. Seems everyone is feeling the pinch.
    47
  1778. People don't need to be thieves.They want to be thieves.It's piracy they aren't being prosecuted
    47
  1779. You know Mike, all these things scare me but we’ve been doing OK through the years. What scares me the most is that we don’t have the money or the gold in our possession. It’s on a computer screen and that can be wiped out within an hour. that’s what scares me.
    47
  1780. Interesting point on AI. AI really is a huge questionmark, if it can replace even software developers there are going to be few jobs that won't be replaced. Even physical jobs and robotics will be looked at soon, if you have infinite software and design power through AI systems why not use them to create robotics? I really think it will snowball. We're in a very weird time... it's hard to tell what things will look like in 10 years from now.
    47
  1781. 18 percent in early 80s
    47
  1782. Yep. The prices for crappy food & crappy service at the fast food places are out of control. In many places you can order an 8oz sirloin meal with all the fixins from an Outback or Texas Roadhouse for about the same price or only a few dollars more.
    47
  1783. Amount of debt people have is scary, especially at these interest rates. I don't trust the government either. Happy Friday Michael, Thank You!
    47
  1784. Post pandemic my family’s habits are mirroring my ‘70s/‘80s family habits. For example, eating out is a special treat, maybe once or twice a month. Spending got out of control in the 2000s, so now we look to the past for solutions. America was in a much better place in the ‘70s when debt was the exception, not the rule.
    47
  1785. Hey Michael ... I've been a property and casualty insurance agent for 15 years. You're absolutely right about mobile home communities raising lot rents to unaffordable levels. It's criminal what they're able to get away with. A person buying a final home for retirement needs to avoid fluctuating housing costs. One other thing I wanted to mention which references back one of your earlier videos on buying condo. A person owning or buying a condo should make sure they have "loss assessment" endorsement on their policy - This will cover for a special assessment do to a liability or property loss. Loss Assessment endorsement can really save a condo owner from going broke if they were assessed a loss. Another thing to check is the "Loss of Use" coverage. Make sure you have enough. It will pay for alternate housing, meals, laundry expenses, basically everything you lost from not being able to stay in your property while it's being repaired. Some insurance companies will extend loss of use to cover evacuation purposes not necessarily an actual loss. Check with your insurance company. Just thought I'd mention these things.
    46
  1786. I’ve been saying for years, the Air BNB business is very detrimental to our communities. They reduce housing inventory. They disrupt neighborhoods with all their “party houses” and they cut into local tax revenue by taking away from hotel stays. It’s another aspect of our economy that needs more regulation and oversight.
    46
  1787. I started to see your videos about 3 months ago. As a South Florida realtor and loan officer, I agree with you 100%. The party is over, having said that there are a few after hours places open, but those will be closing shortly. No matter the critics, please keep making potential prospects aware. Thank you for your service!
    46
  1788. The world has gone insane. 🇺🇸
    46
  1789. Retired in 2020 and took a part time job in 2021 still there. It was for the purpose of home improvement at first now its a necessity.
    46
  1790. Michael, the prices are crazy over the top, buy used cars if all possible and pay cash. Borrow nothing.
    46
  1791. Bingo again. This is nuts. This is West Seattle, North Admiral. By the time the payment, taxes, association, maintenance all gete added up, a one bedroom condo would be close to double the total monthly obligation on my rented 1 bedroom in a great location. Also at this point in the market, I refuse to pump big capital into a potentially toxic asset. Also I will retire in less than 5 years and am eyeing north central Florida (not the Villages - I don't want to live in a Seinfeld episode).
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  1792. I don’t allow technology to be stuck to my body.
    46
  1793. Just wanted to say you also have a talent for making your stories especially interesting. One of the only channels where my interest is maintained from start to finish.
    46
  1794. Landlords should always treat good tenants well because you want to keep them! Don’t be greedy and squeeze them for more rent money unless you need it. Good tenants are hard to come by. Great video!
    46
  1795. Love these videos Michael!
    46
  1796. Michael, and I think I speak for most here on your channel but we appreciate all the effort and knowledge you share with us. I have learned a great deal from your extremely informative videos!
    46
  1797. This is why I would not purchase another condo . The expenses are already ridiculous.
    46
  1798. We moved to central Florida from the West Coast of the USA two years ago. My in-laws live in San Diego which is much better in every way from LA. I do like Florida for the cost of living, the sunshine, the closeness to beaches. However, I don’t love the area we are and wish our company had relocated us to the Tampa area. It’s nice if you live in Miami, Tampa, or Orlando. If you aren’t in any of the major cities, the Florida experience is extremely different. You have NOTHING which isn’t the case in the suburbs or outskirts of California. I miss the food, the mountains, the culture, the Mexican food, and the geographic differences within a California. Florida is one giant hot swamp. Idk...I still lean towards California (not LA).
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  1799. My father passed away in March. He had 4 properties in California; 3 rentals and 1 family home. A Fudiciary is in charge of all of the trusts. They have decided that due to differences in opinions to sell all 4 properties. I gave them info from a broker that sold a property for me recently. They almost laughed when I handed them the CMA from the broker. They said, "Oh, we don't do that..we put the homes for auction. We find that we list the price below market value and then just watch as they bid up the price to 20 percent higher than market value". There are no open houses, no staging, not in MLS. I asked how much they charge and they said 5 percent. Most likely the Fiduciaries get the 2.5 percent and the Auction site gets the other 2.5 percent. I have no idea who are the buyers.
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  1800. When I moved out of my parents house I felt a sense of freedom that is hard to describe. Needless to say I never contemplated moving back again.
    46
  1801. HOA Helen and Karen need to be held accountable. They need to be tried at The Hague for crimes against humanity. If the new laws don’t do that then they don’t go far enough.
    46
  1802. I spoke with a builder in ohio last fall and told him I make 180k and am looking for a house under 500k. He told me they haven't built anything that cheap in 2 years and to suggested me to a budget competitor. Last week they started advertising on facebook a new floorplan as "new build under 500k!" lmao...times are changing fast.
    46
  1803. I've noticed Redfin, Zillow having different data for awhile and overestimating property as well. I tend to use Realtor more. I guess they are trying to keep this market propped up. I hope you and Lizzy are enjoying California. Another great video Michael, thank you.
    46
  1804. Rich people like that lady will never understand nor cares what other people’s struggles were.
    46
  1805. When u live up north the weather really does take a toll on you mentally. It sucks . Especially with young kids. I hope I can make this move to Florida work . Good video 👌
    46
  1806. If U.S. consumers have so much money to spend, then why do they owe $1.3 TRILLION in credit card debt? They keep spending alright - ON CREDIT CARDS they can't pay off!
    46
  1807. A developer tried this with a subdivision that used to be off of tree lane in Snellville GA. They bought up all of the lots in the neighborhood, voted in their own man as HOA president, voted to defund the HOA, and shutdown all the amenities. Everyone sold except one pissed off man with enough money to fight them. Developers ended up in continuous legal battles with him that lasted almost 20 years. It was a great story, and I wish I could still find some of the old news articles on it. He eventually sold, but it was to an entirely different developer who took the project over.
    46
  1808. Your right again Mike. FDIC is still 250k. I'm like you, and suspicious of anything a bank or the government does. The sad part of all of this mess is, we are asking the government to fix something they screwed up, can we as a society be that stupid?
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  1809. Thank you for hitting the beach. I miss Ca sometimes.❤
    46
  1810. So spot on Michael! This crazy economy depends on spending and debt, a recipe for disaster eventually. You’re right, they say it’s not bad and will be okay. Sure. The whole market lost sight of the fundamentals a long, long time ago. It’s all about what people believe. When enough people wake up, it’ll be too late.
    46
  1811. My husband and I have a real estate company and i genuinely have no idea how prices of homes are so high and sellers expect buyers to pay that price and the accompanying mortgage payment…. We live in a very small rural area and I’m seeing listings upwards of half a million…. Many many people are being priced out of the market.
    46
  1812. Failure to pay the rent was the goal. So many landlords are doing it
    46
  1813. It just sucks that a beautiful 1br apartment in Miami used to run $1800-2000 just 24 months ago, and now those same units are around $3000-3400+ depending on the area. It's disgusting how bad people are getting taken advantage of by the property management. They sense people can't afford homes, and know they must rent, and instead of filling up all the vacant luxury condos and apartments, they're jacking the prices up by 30-50% and letting them sit empty until people cave in for wanting to be there vs non very appealing places in the US. I still want to return and hope the rental market corrects itself in the right direction this winter, but the trend in Miami has been to keep pushing low income people out, keep pushing elderly out, and keep twisting the knife in the loyal people who are capable of paying and are working class and making enough to survive, but make the image of everything "more luxury" aimed to justify ridiculous lease increases year over year. It really is a system tailored to rewarding cheaters like the drug runners, sugar baby tik tokers who sell their bodies, foreign financial crooks/people laundering their overseas stolen funds, and other shady types there for a good time not a long time..while all the people who moved there to actually build a quality life of happiness are getting the boot 😢
    46
  1814. The rent is too damn high!
    46
  1815. In my lifetime I've moved to Florida 3 times. And left 3 times. I'm done with it.
    46
  1816. Hey Michael, how could one protest these crazy home taxes? John Stossel just did a video on the government taking away people's homes that owed like $900 on home taxes. That's fucking crazy! Let us know! Appreciate you and your incredible content! 🔥
    46
  1817. I make well over the $150k mark and I'm renting a 2b1b condo. Even though I make enough to afford to buy, I live in a HCOL area where PITI (+HOA) is well more than double my rent (~4 units similar to mine in my complex sold for what will roughly amount to that). On top of that, no one regardless of income wants to be locked into some ludicrously overvalued home and essentially be trapped in a "financial tomb" for years. People who bought in 08 around this time of year didn't net positive in nominal terms in my area until almost 10 years later. I don't want to be a bagholder
    46
  1818. You know, one comment that I'd make that I NEVER hear addressed - and that is the exorbitant amounts that HOA's are being charged for every day, run of the mill maintenance work. I owned a condo in the past in California, that came with "landscape maintenance." The term was a pitiful excuse for the quantity and quality of the work being performed, and there was essentially no value being obtained for the expense. Another more recent example, from my current residence (a house that I own). I needed to repair/rebuild a deck on the front entrance. I got a quote from a local deck company in excess of $85,000 to do the work. I decided to do the project myself, which cost me $5,000 in materials at full retail. That's a cost reduction of over $80,000, and yes - it cost me a few months' labor, but saving $80K was well worth it. But these HOA's - they don't do this kind of hard scrutiny - it's just "sign me up" and the members will overpay every single month for sub-standard results. So on one hand, the HOA's are being fleeced by their vendors, and/or the vendors are in collusion with the management or board, and the quality of the work being performed is waaay less than satisfactory or meant to stand the test of time. Is it ignorance? A poor understanding of construction, gullibility or what?
    46
  1819. Again, not even looking to buy a house or condo, but really enjoy this young man and the very wide range of information, that applies to a wide range of people's ages of so many things to think about. He could save many heartache, and many others heartbreak.
    46
  1820. NEED TO COME DOWN A LOT FURTHER....LIKE 70% FALL
    46
  1821. I smell a blackrock windfall at the end of this year, all those bldgs shut down if people don't pay
    46
  1822. That's why they can't let the stock market crash... They can't have housing and stocks crash at the same time... Housing will crash first then the stock market will...
    46
  1823. No worries! Mr. Jerome Powell said everything is fine. The economy is just fine and doing well.
    46
  1824. How to do an inspection: 1st get the sewer scoped (or septic). Because that's $250 (or so) and if they find something that's a walk away from the deal time. go down to the building department and pull any permits. Make sure the permits agree with the work done (nothing unpermitted) Then get a plumber, an electrician and HVAC guy (may also be plumber) and a carpenter if you feel uncomfortable. Now instead of some guy who took a online course to be an inspector, you have licensed professionals doing a thorough check. Generally takes them an hour or two. ($100/hr, easiest hour they have all day). Now when you go to discuss the issues with the seller, you have licensed professional's report that X and Y need to be fixed. The seller can choose not to fix it, but now they have to disclose it. It's not a difference of opinion at this point, ti 's a licensed plumber/electrician. The cost is about the same. $250 for the sewer. $100 each for the 3 pro's, you're still at like $600 which is less than some boilerplate inspector report. (obv you can also get a chimney sweep, termite inspector, etc). and always be ready to walk away. If the inspectors say "yo, this is really bad" well you know what? That's the best $500 you'll ever spend.
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  1825. This has been my experience 80% of the time. When I find a realtor I can trust it's like finding a lighthouse in a dark sea.
    46
  1826. Prices are jacked up on majority of properties. Not worth buying anything now. I see townhouses bought 2 years ago and now asking 80k to 100k more what they originally bought it for. F those people!
    46
  1827. Houses are just way too overpriced ❗️ This can’t stay like this and things will change. I refuse to overpay for anything no matter what 😮! Thank you Michael for your honesty and keeping us updated on current real estate markets. Blessings, Carlos ✝️🙏❤️😊🇺🇸
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  1828. I'm in Phoenix and my insurance company for my car just dropped me. Haven't had a ticket or accident in 15 years and I got canned. 😅
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  1829. We don't know what kind of pressure was put on Chicago Ray. It seems as if there's still much support for the boycott among the trucker community.
    46
  1830. real estate in the US has never been so overpriced - look what real estate spectulation did to Japan, it's been a zombie economy for decades because of real estate speculation
    46
  1831. That yellow house for over $1M is absurd. My parents had a similar house built for $13,000 decades ago. It was in N Miami which at the time was a new housing area. Our economy is crumbling and most people are about to lose their lifestyles. We have already entered a depression.
    46
  1832. Michael interest rates need to be higher, Feds should be going for twice the rate we have now , 8%-9% or even double digits. Too much unsustainable activity in our economy, it should cost more to borrow money and people should be rewarded for saving and or investing their money wisely. It will hurt for a while longer but we will come out stronger 💪. I dont think the Fed should cut the rate in September.
    46
  1833. Condo Buyers, remember HOA fees are going crazy here right now and if the one you're looking at is still low that just means it will be going up soon.
    46
  1834. A lot of people are aware because of you Michael !!!
    46
  1835. Really depends on the person. I am a lot more productive working from home. The days I do go into the office, less work is done and I sit in traffic for a couple of hours.
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  1836. I worked at Subway many many moons ago and one day, our owners came back from a franchise meeting and said everyone go file for unemployment...we're closing tonight. Thank you all very much. They upped the fees on them and it was no longer profitable....
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  1837. I hope you are correct about people learning to live within the money they make. No more spending on CC without paying the entire balance each month. My mom lives in the outskirts of Boise and lives on $1200 a month and she is 78. We bought her a nice reliable care and another sibling pays for her phone. She’s very good at managing her money.
    46
  1838. It’s funny that we can go back to working in the office but we can’t go back to being able to afford a home on one income. Look at home prices skyrocketing with no end in sight but employees have to continue to abide by the old rules. In major cities you can’t even afford to live on your own or if you can you have to commute 2 hours a day to have a reasonable rent or mortgage
    46
  1839. Just moved my mobile to my own land. Pissed my landlord off good
    46
  1840. It doesn't matter what you think about McDonald's or Starbucks. Who thought two years ago that McDonald's would be UNAFFORDABLE or that people would stop going to Starbucks for a cup a week with a sit-down and their computer?
    46
  1841. I can tell you this: I'm a white male Army veteran (Major). I worked for 5 major corporations as senior mgr. positions. I went to Iraq and Afghan as a contractor for 8 years. Upon my return I tried to find a job with no success, Not one interview, I have a Masters in BA. So I have given up and retired.
    46
  1842. Prices fluctuate, but over the long term they never come down
    46
  1843. I moved to Tampa in July 2020 after living in San Leandro, CA (SF Bay Area) for 30 years. I know the places in Marin county you mentioned and those are beautiful places. For me, SF Bay Area has beautiful weather and scenery, but the crime, homeless, politics and cost of living made it easy for me to move to Florida. I love the freedom, beaches, clean cities, and the people are much more friendlier. Yes, the weather is hot, but you can actually swim on the beach here to cool off. Not to mention, there are plenty of indoor activities, museums and shopping, if you want to stay cool. I love Florida and I’ll never to back to California.
    46
  1844. Let's call them SPONGE BOB BABIES
    46
  1845. Layoff numbers would not include the closing of small businesses putting a load of people out of work.
    46
  1846. Be careful when buying in South Florida. They raised taxes on some new condo owners by 150% this year.
    46
  1847. JUST MARKETING... HOLD THE LINE!!
    46
  1848. I have had some Realtors who knew nothing about the workings of the homes I was viewing, they should be able to answer questions or make an effort to find out and let me know. Some of them just stick a sign in the yard, list it on MLS, and sit back and wait!
    46
  1849. That's a whole lot of money laundering going on in Miami.
    46
  1850. Avoid any unnecessary loans. Live as simply as possible. Buckle down. Feels like a freight train is barreling down on us, here in California!
    46
  1851. Yes I was raised going to church..my kids went to Christian preschool and kindergarten. They are responsible. I 🙏🙏 The morals stuck! We are living in an upside down world. Ill be 58 soon..its very frustrating glad to know I'm not alone! Thank you Michael! For the wisdom and the beautiful views! Your content is important!!😎🌞 Tolerance has gone away to far. I've done the soap and hot sauce on the tongue. When we went to the beach and Everytime we went wed pick up All the trash around us. My kids won't even use plastic bottles and straws! 🐢💪🏽
    45
  1852. It’s about time that they are talking about home prices falling. The writing has been on the wall for a very long time now. Thank you Michael for all the homework you do to bring this information to us. It just has to get worse before anything gets better. Btw, Was this summer’s vacation the best vacation you’ve ever had?? Blessings,Carlos ✝️🙏❤️😊🇺🇸
    45
  1853. My 25 year old son lives in a converted school bus on my 2 1/2 acre property near Joshua Tree. I live in a small cabin, he has a pottery studio and is doing very well. I love having him here, praise God!
    45
  1854. Keep it coming Michael! We average retired folks from out of town are rethinking what’s best for us, as far as a move goes, through your informative channel! Can’t speak highly enough of you & your content.
    45
  1855. I totally disagree with bringing interest rates to 5% and people will start buying and selling… House prices are way too high! up over 100% in two years.. houses need to come down at least 20% before actual people start buying again not a select few.
    45
  1856. Just here to be told things I already believe. Also it makes me feel better about my $280 car payment.
    45
  1857. For awhile, I was thinking about buying a place or just upgrading my rental, but I am so glad I have stuck it out in my old place and avoided lifestyle inflation. Living the bachelor life with another roommate. We make 160k combined but split an $800 per month townhouse in the hood. I will only upgrade when I have enough to buy a place cash.
    45
  1858. I was planning on buying a house in Pinellas co., however with the massive increase in prices and the instability of the insurance market in FL I have given up on the idea. I used to own a house in Dunedin, almost quaint how much I paid at the time and what the insurance was. Including having flood insurance. FL used to be an affordable housing state, but it is no longer for middle income folks.
    45
  1859. The weather doesnt justify the excessive taxes and lawlessness that California pounds their good citizens with.
    45
  1860. In my life what I've learned ... if you decide to have a girlfriend/wife, she should align with your spending habits/lifestyle ...If you don't spend much money, don't be with someone that likes to travel and have nice things .... Also, just because you can afford something it doesn't mean you should buy it
    45
  1861. Funny how they claim xmas spending was up from last year and they fail to realize inflation is up from last year. But they won't subtract what is returned this week from those sales numbers either.
    45
  1862. Those prepping weirdos don't seem so crazy anymore 😂
    45
  1863. I blame the parents for allowing their adult children to live the lifestyle of the rich & famous. Thanks Michael for your honesty and being real on all of your videos. It's much appreciated!
    45
  1864. I watch about 15 markets, within certain parameters daily. Every one of them are showing signs of being on the market longer, and markdowns in excess of their estimates. I believe the institutional investors are in cahoots with the government. Having congress look into these things is like having the fox watch the chicken coop.
    45
  1865. Unemployment may be down but I'd wager underemployment is up...
    45
  1866. My homeowner's insurance company just notified me that they will not be renewing my policy in March. My agent told me my only option now is Citizens. He gave me a quote for the same coverage I had and it was half the cost of my existing policy that's being canceled. They quoted me $2500/yr where I was paying $5400. From what I read, if a major disaster hit that Citizens would not have enough funds to cover it. Something seems off that they are selling policies below commercial market value when they already lack the funds to cover a catastrophic event.
    45
  1867. I prefer Florida, beaches are nicer, warmer water, lots of to do, nature.
    45
  1868. Good reasons to wait: 1. Cheaper to rent 2. 23 months in a row negative income growth inflation adjusted 3. Record credit card debt 4. Declining industrial production 5. Corporate debt to roll over at higher rates and lower collateral values 6. Student loan payments restarting 7. Running out of barrels to drain from SPR 8. Record market overvaluation 9. AI needs to replace all the jobs to meet stock price expectations 10. If 9, there are record job losses
    45
  1869. I remember the 1960's went small real estate offices handle both end of the transaction. Commissions were less then. Much less.
    45
  1870. Your videos helped me get my money right bro.
    45
  1871. P.S. Michael, I would rethink Uninsured motorists. We were hit by an uninsured motorist and this insurance covered the repairs of our car. I am in Southern California.
    45
  1872. Out of all the countries in the world, approximately 195, or nearly 40%, have restrictions of some sort on foreigners being allowed to own property.
    45
  1873. Michael, this video is well timed! As a condo owner in Miami, I’ve been telling everyone since last October the new reserve law is going to double HOA’s in South Florida. Condo boards are completely unprepared, nobody cares, and come next year I think there’s going to be significant sales of condos to avoid the new increases. Great video, thanks for all the great videos you put out regularly
    45
  1874. What people need to realize is if you have children, whether they're very much babies or 5 year olds to 10 year olds, you need to realize they will not be able to live in a house on their own, or most likely even an apartment you need to turn your houses into multi dwellings for their future or you will never have passed on wealth they will never have. Anything
    45
  1875. Be Careful Mike we don't want to loose your Channel.
    45
  1876. San Francisco is a great example. I don’t think any area was raking in property taxes like them. That place is a complete dumb. I would love for them to audit where all that money went.
    45
  1877. Based on living through 2008 as well as it's aftermath, which permanently affected me, I could see all the signs again in late 2021, but much broader and worse, and fully expected the economy to break in the summer of 2022. Well, a lot of pundits have indeed since said that something broke internally behind the scenes in the economy around March through June of last year. It's been a slower burn than expected, but the reality is many of us have felt this Recession for a year now, and the only ones in denial are the Government and the Privileged 'Owners'. And now we've just had an amalgam of events happen that amounts to a fat super-sized 'Bear Stearns canary'. So the only thing remaining left to happen is this decade's 'Lehman Moment' where the rest of them finally get it, and then everything really goes to hell once again. 🤷‍♂️
    45
  1878. Dear FL resident, if you’re selling your home, it’s worth maybe what it was in 2017. This is due to absurd insurance increases, assessments on condos, HOA increases etc. Property Tax alone is reason enough to not move here.
    45
  1879. I’m never going back to McDonald’s-ever
    45
  1880. I wouldn't send my dog to Wells Fargo for anything! They're snakes! ( NJ Realtor here!)
    45
  1881. You cannot afford a 400K home on a 100 K income. If you need a new roof, etc, it will destroy your ability to afford that home unless you have a lot of free cash. The old rule of 2.5 times income for home affordability was realistic. 4 times income does not give you any cash flow ability to handle home repairs, unless your living like you are making 40 K when your making 100 K.
    45
  1882. The main difference is that if you pay a mortgage for 15-30 years you have an asset at the end. If you rent you have nothing. Renting only wins if you can be disciplined enough to save the extra money you save to buy later or invest to make up for the value of the asset you don't get. If you're the kind of person who spends the cash available, and most of us are, renting can be a disaster.
    45
  1883. Michael, your correct, I sold in 2022 and priced it 4k lower than other listing in my hood. Sold the house in 3 hours on day one.
    45
  1884. My home is reinforced concrete and although we completed it in 1990, it has been a constant source of repairs over the years. I can only imagine how bad it can get in a large building. No way in hell I could ever live in anything other than a single family home. I bet these buildings are allowed to deterriorate so they can be demolished and sold to developers for new more expensive buildings that no one can afford.
    45
  1885. Mike has recommended paying down debt. People should consider paying their mortgage bi-weekly. This makes 26 payments (13 months) per year, but cuts the 30 year loan to 20 years, and saves 33% of the interest. One of my HOA's previous presidents funneled all work bids to her family members and had every lawyer in town on retainer so nobody could sue her.
    45
  1886. LA in California is far cheaper than being a homeowner. Take a look at skid row. It’s rent free with no property tax.
    45
  1887. Chipotle is not gouging ?????? A burrito bowl is $16.00 with no drink or anything else
    45
  1888. I paid $14,000 in income taxes each year in California. My property taxes were $7000 annually for a 270k house. I sold the house and moved. I pay 382 in property taxes annually and $780 for mortgage now in a different state.
    45
  1889. On the wlw news this afternoon. Macy's is laying off 6% of their workers and closing 5 stores. Wayfair is laying off 12%. And more that I didn't catch. But everything is fine...
    45
  1890. No I would not buy a home right now. Great content Michael. I own a pest control company in Atlanta and I cannot buy a house right now( I see horrible homes in the mid 3-4 hundred thousands that I wouldn't pay 200k. Not in the next 12 months. What I see everyday as far as FOMO is concerned is unreal. 12 months to 18 months down the road? probably. I am sitting this one out
    45
  1891. I remember when they wanted to rip up the asphalt parking lot and install pavers in the Condo parking lot. Oh the screaming over the $250K cost of the project. Over 20 years the life span it will cost the individual unit owners is $8 a month. Five years later the same people who screamed and yelled over the parking lot paver project, couldn't wait to spend $250K redecorating the "Party" room in 2014. 2020 these same people came back and wanted another $150K to redecorate the Party room again. This was when I realized it was time to get out. September 30 2022 Hurricane Ian put the party room under 10-12 ft of water.
    45
  1892. my concern is that the good people who paid their bills went to work did the right thing and still got kicked to the curb through no fault of their own will never try to rebuild their lives and will just be aimless
    45
  1893. Michael, your honesty is so refreshing. You don’t see that in most real estate videos. Home purchase is such a big deal, I can’t imagine not researching before making an offer. I spent two years and dozens of listings before purchasing my home and don’t regret it.
    45
  1894. South Florida and California are once a year vacation spots for 98% of Americans, been that way for a while now.
    45
  1895. Being debt free is the way to go makes life a lot easier.
    44
  1896. Well,.....if they eventually lower all their prices to 0,.....the criminals (technically) wouldn't be stealing anymore.
    44
  1897. Rescue package? You mean more inflation on the way? Great. I can use dollars to wipe once toilet paper is too expensive.
    44
  1898. These days $3400 a month is more like $1800 a month was 2 years ago. Food, gas, electricity, medical bills, insurance, etc. has all skyrocketed. I would suggest retirees look to move overseas.
    44
  1899. Rates are at 7.32% and that's if you have a perfect score:hand-orange-covering-eyes:
    44
  1900. Driving through Fairfield yesterday, I saw more homeless encampments than ever. It seems all I see on the local media here is lies.
    44
  1901. I Thank God my home is paid for, no car payments, no CC debt. I don't need a lot to be content. Retirement is great!
    44
  1902. I think other things that needs to be addressed is that the exotic fruits in South Florida is so much better and tastier. With the abundance of fresh water there, they're easier to grow as well. There will never be a shortage of fresh water in Florida.
    44
  1903. Sounds like a BLACKROCK SCAM.
    44
  1904. My biggest sticking point is a one year lease for many apartment s. Especially with moving to a new place and not sure where the job might be. A month to month would be best to start out.
    44
  1905. Everyone that has a mortgage IS renting to own
    44
  1906. This channel is gold!
    44
  1907. My experience is you do not pay a penny to a collections company until you talk to an attorney, as Michael said. Paying anything at all towards a very old debt can "reactivate" it and then you are screwed for sure.
    44
  1908. It's good to see an honest agent. Many are just trying to scare people to buy because they want commission and or they are just delusional and want others to be delusional with them.
    44
  1909. There is only one reason that any properly marketed asset does not sell in a timely manner. And that is because it is over priced.
    44
  1910. My mom was going to move from ma to palm coast two years ago and had a realtor there at the time. She decided to stay and keep her house which is paid for. The realtor just started calling my mother again and leaving voicemails.....two years later.....
    44
  1911. cost me $20 per day to train it into NYC each day. That's $100 per week, $400 per month, $4,800 per year. Pre-tax all the various taxes we pay, that's like $9k of gross income just to get to work.
    44
  1912. A million something dollars!!!😮 JESUS!! Florida is on its way to becoming the next California. Florida catching up. Wow. Here we go…
    44
  1913. I'm so thankful I live in Ecuador where my monthly water bill is $15. The expat life isn't for everyone, but many people have found life outside the USA to be affordable and enjoyable. See the world, and live comfortably on a fraction of the cost.
    44
  1914. The foolish will fall for these schemes/traps and inevitably lose their homes 🏡.😮
    44
  1915. If you think $150k a year gives you $9,600 a month after tax, then you are not considering medical and 401(k).
    44
  1916. The Air B&B room will advertise say $ 200.00, per night, but when you go to book they add upwards of $75.00 a day cleaning fees, then taxes and booking fees. Hotels are a better deal most of the time.
    44
  1917. I love Florida. I love living in Tampa because we are close to Sarasota with beautiful Siesta Key beach with its turquoise water and white sand. The best beach in Florida, not crowded like Clearwater or Miami Beach. I love the diversity of food in Florida, specially the delicious Cuban and Colombian food in Miami. We also have beautiful springs and Mermaid shows like in Weeki Wachee. Tampa and Saint Augustine are my favorite cities in the entire state. I also love driving the long bridges with view of the Gulf of Mexico on both sides, my favorite driving down to Key West. There’s so much to do in Florida.
    44
  1918. 80k truck for dad 50k car for mom thousands more on vacation and only 3% for their retirement. And yet many wonder why they can't retire comfortably
    44
  1919. Im looking further south in Naples/Bonita and the prices here continue to rise. And i see many homes on the market for more than 90 days and they are not dropping their prices to a realistic level. Most of the sellers purchased the home for half of what they are now asking for it. Its insane to give someone double what they paid for the home 1-2 years ago. I think the real estate agents are convincing the sellers to keep the prices high. They are afraid of low comps in the area.
    44
  1920. Anyone paying $1.5 million for a small ranch needs their head checked. Lol.
    44
  1921. This sounds like a lawyer's paradise. Litigation for years.
    44
  1922. With hurricanme idalia, expect another good hike in insurance rate for Florida.
    44
  1923. I love it! Air BnB is more expensive than a hotel. Uber and Lyft are just as expensive as taxi's now. Its not worth an extra $12 to have Grubhub deliver food 6 blocks, and companies are done shelling out big bread for empty offices and employees that live in lower cost areas. The chickens are approaching the roost.
    44
  1924. I'm amazed that people park their cars on the grass and sidewalk in these beautiful hoods.
    44
  1925. We have an issue at my office (engineering firm) with the younger staff. They don't seem to want to work. They dont want to apply themselves. We end up doing their work. How are hese individuals supposed to be leading in 20 years?
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  1926. Michael I’m in the Phoenix market. Housing prices have come down a little over the last year but there isn’t many price cuts on houses listed $450-$500K. That’s pretty much the minimum anywhere you want to buy. Inventory is actually still low. Many people in these homes are sitting on low mortgage payments since most seem to have bought when housing prices were half what they’re now and/or a lower mortgage rate. Rent has also doubled since 2020. Wages here haven’t gone up as much. This market sucks
    44
  1927. I know we are cutting back. I have lived through 5 recessions in my adult life, and I can see where we are heading (no matter WHAT the govt figures say - before they are revised downward). We are in prep mode. I believe we entered recession around the third week in July, but recessions often start quietly. It'll get worse before it gets better. 😢 Keep up the good work, Michael. People need the information. Knowledge is power.
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  1928. If Cali wasn't so crazy with its politics you wouldn't go back to muggy Florida
    44
  1929. You nailed it, people need to wait for the better deals. *Remote workers who purchased out of there work area with the idea that remote work was a permanent position are foolish..
    44
  1930. the crazy thing is the Universities make millions on students that they have no responsibility to get them jobs. Convince them to go to school and make millions with no repercussions.
    44
  1931. This is a crossover of epic proportions. Really, I've seen a lot of crossovers in my time, but this one tops them all.
    44
  1932. When I retired, I was worrying about the cost of taxes. Turns out, that was the least of my concerns as they were frozen when I turned 65. It's insurance that's the big budget destabilizer. I'm lucky that I'm pretty comfortable but wonder, will I be able to afford insurance when I'm 80? And you're right, you pay the premiums but God forbid you should have to pull a claim. And, I have to replace my roof every 15 years or I can't get insurance, whether I need a new one or not. It's like suffocating slowly, year by year.
    44
  1933. If buying new construction, hire an experienced builder to repeat each inspection. Not cheap, but way better than risking a financial disaster.
    44
  1934. The fix is in… government needs the highest prices for taxes…. Rich gets richer…
    44
  1935. The rent is too damn high!
    44
  1936. In the '08,'09 downturn, banks that foreclosed on properties in Sedona Az. closed up the homes and sat on them. Of course Sedona is an upscale community that is popular with tourists. Banks must have felt then that holding was more profitable than selling off at fire sale prices at that time.
    44
  1937. I had a very candid Realtor tell me that a condo adjacent to a Marina on the Intracoastal would have to be purchased with cash, since no bank would extend a loan on a unit in the building, due to foundational water damage.
    44
  1938. I am a 20-year business owner with the scar tissue that comes along with it. I believe even well-meaning people (who have been employees their whole careers) have a completely romanticized notion of owning and running a business. Being a landlord, especially now, is grueling work, the margins are very low, it is very high risk and if you do not have skin like an alligator then you’re going to be nerve-wracked all the time. Please keep up the excellent work Michael. Merry Christmas and happy New Year 👍👍
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  1939. First time buyers should watch this to avoid expensive mistakes
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  1940. I remember when people retired at 55yrs of age, now we’ll have to work (even though what’s earned is not enough) until the day we die. Until we are dead, we will be constantly downsizing and going without needs, not to mention wants.
    44
  1941. Durham County in NC did a 4% increase to our taxes this year. I looked at our annual budget and 57% of the county spend is for police, of that this year, they wanted to spend a little over $72k on 200+ cars, outfitting the DPD with Ford Mustang Mach E GT police cruisers. Must be nice to be able to tax the population who can't move so you can buy expensive, overpriced EVs for a small subset of the city's police force. Oh, they don't just want to do this for the police... no this is also apparently for the fire department. Why does the fire department need cars like this?!
    44
  1942. the Illinois residents that are watching you are familiar with the horrible shit going down in Illinois. we are the hard working blokes that are stuck....even if we vote differently it just seems like to big of a problem. I am not the most educated crayon in the box this is why I am watching your show, to become educated and fix my person situation...thank you for content
    44
  1943. Nick makes great points! But actually a requirement to be included in the s&p 500 is being profitable. However they can be unprofitable short term without being removed. Just my 2 cents. Love seeing this collaboration! You guys rock 🙌🏻
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  1944. Unless people are very comfortable financially, they shouldn’t be buying takeout or going to sit down restaurants. Giant waste of money.
    44
  1945. I owned a townhome and loved it but I hated not being able to control things like the HOA fees. Yes, you have to maintain a single family home but you have complete control. You can set aside a few hundred dollars a month and still manage your maintenance costs. If you have to get a new hvac for 10k, you can save up if you have notice. If you don't have notice, they offer 0 pct financing. Most other things, like roof, wood rot, windows, etc, you can plan for and shop for good deals and do this a little at a time. It's nothing like having to come up with assessments or an HOA fee going up they way they are now. I hope you sell Michael. Get a single family home and just pay someone to mow the lawn if you don't want to. It's better to be in control of your own money and destiny.
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  1946. Mobile homeowner: I wish I could’ve a friend as such. Where are those friends? True friend 😊
    44
  1947. Waited to get my first house when I could straight buy it out- also gave me time to see if I wanted to stay in the area and where in the area I liked. After that I was free to do what I wanted with my money as far a future properties (was in a stable place I liked, and no questions about my house). I see a huge renting boom since these house prices are out of control and rates not pleasant either. I see many people taking losses- already see it Austin and Houston.
    44
  1948. People who took the Forbearance and used all of the time are stuck with messed up mortgages. Some people may have to pay up just to move and don’t have the money. It’s at least $30k sitting on the back end of loans for some people. People stayed at home, buying stuff and relaxing. That was the time to keep working, change jobs if needed, continue paying and saving/investing. People who worked, reduced spending, invested, and continued paying their mortgage are probably not struggling right now.
    44
  1949. Wife and I make $150k combined in So Cal and cant afford a starter home. We thought we were doing okay but $150k is nothing anymore. Everyone says to move to a lower cost area but our careers are here. It’s disheartning but we are just continuing to save.
    44
  1950. Walmart over expanded, that’s why they are closing stores. Drove out Mom and Pop’s.
    43
  1951. Be informed. This channel helps. Educate yourself about banks and insurance companies, their history in particular. They are not your friends.
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  1952. Look at the available rooms on Airbnb, they have plenty of rooms just none for the poor. We in AZ have no more space for the thousands coming over every day. When we lived in WA they had a lot of Gov subsidies for Section 8 housing. People cheer but let me explain what happens. Section 8 comes in and property values drop around these apartments, crime increases and people like me move to another state. Maybe many of the apartment buildings being built in AZ will turn into low income housing🤔 It just adds more taxes to tax payers to pay for welfare programs when we are already struggling. I’m glad the rest of the country gets to see the impact of allowing illegals poor across the border that places like AZ, TX and Fl deal with on a daily basis. They get 50 and can’t handle it, we get 5000 and they shrug.
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  1953. We got hit with that. We sold.
    43
  1954. I’ve been wondering if many of these events since 2020 are primarily attacks against our seniors 🇺🇸… both health and financially.
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  1955. Everyone needs to vote!
    43
  1956. Fast food gas rent all sky high.. Car insurance ...Eat at home now 😢😢😢😢😢
    43
  1957. I’m an electrician in San Jose ca and I can tell you shit is getting worse by the day,all the tech companies have halted construction and cancelled future development for the upcoming 2-3 years. Same thing happened in 06 which led to the last recession. The writing is definitely on the wall
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  1958. Yes please to a pros and cons list for apt vs condo!
    43
  1959. Good video, Mike. The reality is that it just didn't start. I was telling people before I retired, and they didn't believe it.
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  1960. I look at some of my friends and especially family who are in just some of the fix you have just mentioned. It is sad because some family members have ask for assistance and have had to be turned down. One of the hardest things I had to do because I was telling them for the past decade to save their money. I refuse to be their personal bank any longer.
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  1961. Homebuilders are taking it on the chin. They wouldn't be dropping prices and offering 4.25% home mortgages out of the kindness of their hearts and if Buffet tells you he is buying he is usually selling just like he said he was selling Airlines and some banks right after the 2020 crash and we went straight up. He was buying.
    43
  1962. Michael, you forgot one of the most glaring faults of the electric car: spontaneous combustion of the batteries. Just imagine if you were parking it in your garage when they ignited. 🥴
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  1963. I remember the free money during COVID. I live across the street from a large apartment house in Springfield, VA, close to DC. During COVID, I often saw small, empty, booze bottles laying around on the sidewalk and near the curb when walking the dogs. Often they were smashed. I picked up whatever I could, because I didn't want the doggies walking on glass. After the end of the free money, I did not see them again. (I was retired. I remember two or three checks, which I frankly did not need.)
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  1964. Thank you to our host for this Sunday walk-around outdoor presentation. Today is Sunday, bonus for viewers
    43
  1965. Total disconnect is right. All those added jobs are people holding multiple part time jobs just to survive and it will be revised again. Thank you Michael, Happy Friday!
    43
  1966. I appreciate the fact that Michael isn't afraid to say the word LIE,...not half-truths,...or misled,......or playing fast and loose with facts,...but LIES !!!
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  1967. How can a $500 rent increase not be the cause of a personal income recession? That’s a lot of money that used to pay those cell phone bills, etc. I see my Lakeland apartment complex struggling to Rent TWELVE UNNRENTED APARTMENTS. It was maybe three or four at any one time. It’s a good sign that gives me hope that rents will come down. That story you mentioned about 44 vacancies! Fantastic. These greedy landlords need to bring down these prices to what local wages can support. Hope!
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  1968. The coupons are flying into my inbox lol LETS MAKE THEM BLEED!!!!
    43
  1969. Thank you, Michael, for everything you are doing for this community on here. The Credit Card interest rate 19% changing to 23% in September 2023. I mentioned to another family member about Interest rates, he was shocked to hear the interest rates.
    43
  1970. Yeah my wife and I gave up trying to get into a starter home. They are way over priced. We are living with the in-laws while we save.
    43
  1971. The colleges that charged the students should take the hit, not the taxpayer.
    43
  1972. Financial discipline is underrated.
    43
  1973. Gotta love parts of Miami. Crumbling third world infrastructure and 60 year old homes for the bargain price of 1 million, lol.
    43
  1974. Probably before long someone will develop an app which allows you to make offers on properties without an agent
    43
  1975. I guarantee that I can remove a squatter. They can either walk out or be carried out, feet first, in the middle of the night. Yeah, I know some people...
    43
  1976. good one, you guys should get together more often, you play off each other well.
    43
  1977. It seems the brick and mortars survived the internet only to get wiped out by shoplifting...
    43
  1978. just like everything else in this market; the housing "shortage" can be summed up in one word: ARTIFICIAL
    43
  1979. It is unfortunate but let’s be honest they need to get rid of these dangerous structures.
    43
  1980. I’m obsessed with your channel bro , it is so refreshing to get a realtors perspective on the overall market, propaganda surrounding the real estate market, and human approach to making sense of all the nonsense, please don’t stop making these videos we need them or at least i do 😂 thanks again
    43
  1981. Honestly, who cares if mortgage rates dropped by a miniscule amount if they are 3 times what they were when home prices were already greatly inflated and sellers are still in denial, not just about interest rates, but the fact that there's no solid basis for the transient inflation of prices. Even at very low rates, current seller expectations are very inflated.
    43
  1982. I have come to the conclusion it's becoming to expensive for people to live beyond their means.
    43
  1983. I want free stuff!! Where is my stuff!!😂🎉😎😜🤠💩
    43
  1984. It looks to me like a housing bubble was already forming before the pandemic. Look at the rate of increase after 2012 or so. It's steeper than the increase before the 2008 crash. The policies following the pandemic and other contributing factors just caused it to explode faster.
    43
  1985. I cook very well, thank you. Cheaper and healthier. Let them eat fast food.
    43
  1986. The commission should be capped at a maximum amount. Not a percentage
    43
  1987. We have moral hazard in Government, in business, in personal situations. This is a reflection of our current culture. Thank god there are young people like you, who has common sense and moral, which give me hope for our country. A thousand likes to your channel! ❤
    43
  1988. Work at a hospital here in Florida and there are many retired people who come in as volunteers. They tell me they get bored and it gets them out.
    43
  1989. Nothing is worth going in debt. Cash is king
    43
  1990. I live in the Tampa area. I bought my house in 2019 and it's "value" has more than doubled.
    43
  1991. Not a big fan of this student loan forgiveness. I worked my A$$ off paying my school loans as quickly as possible to not have them hanging over my head. You signed for the loan, you pay the loan. Or give everyone a debt forgiveness to apply to the debt of their choice be it mortgage, credit cards, student loans or what have you. It's the only fair way to do it, IMHO.
    43
  1992. Fire was always my concern about living in buildings/high rises. Being that I have always had pets I just was so afraid of a reckless neighbor catching the building on fire while I was gone/at work etc. Leaving my animals to perish. The building collapsing is a whole other level. Like you said it seems so far fetched but it's really not. So sad.
    43
  1993. I have met so many new Florida implants that were affected by this hurricane. They were SHOCKED they were clueless and they didnt evacuate and many of these newbies, well they fucked around and found out. When your told to evacuate LISTEN! I met a young woman from Chicago. Crying that she would NEVER return. She just moved to Florida a couple months ago! My heart goes out to those who lost their lives and have everything they own., but people need to understand Florida isnt a place to move to without really doing your research. It has to be one of the most dangerous states in America to live.
    43
  1994. The problem is why is the banks approving the loan for those amounts? Probably was their plan to take the home back in a few years when hardship hit.
    43
  1995. They're really not losing $300 per month if they rent at $3500. They're gaining much more in equity with each payment. The gamble is getting good renters and whether or not it keeps it's value.
    43
  1996. Without the buyer, no one gets paid. The buyer is the one who pays the realtor fees no matter how realtors spin it. Oh, and the buyer gets to pay property taxes in perpetuity on those realtor fees.
    43
  1997. I was never one to crave a new car. I always keep my vehicles until they drop. All of a sudden during the pandemic I see this Santa Cruz and fell in love with it. The markup in Northern Virginia was at least $25k. I am too cheap for such. I then looked to my childhood hometown in Southside, Va and the markup was just $2,000.00. I am enjoying my Santa Cruz. I think it is best to pay cash for a new car. If you cannot afford it, get something that will take you from point A to point B until you can afford paying cash.
    43
  1998. You are indeed correct Michael. Reversal of fortunes are unpredictable. I have carried the following quote from Alan Greenspan in my wallet for years: "Savings is the buffer which is the gap between disaster and prosperity."
    43
  1999. LLC from out of state buying up all affordable rental apts and converting to Air BnB's. Work force has nowhere to live. Units stay vacant for months. Economic suicide.
    43
  2000. Stay true to yourself Michael and keep reporting your opinions and findings your videos will certainly help others to make a rational decision when it comes to the housing market.
    43
  2001. It's like the class action lawsuit against John Deere years ago. My portion was a check for $.95 cents.
    42
  2002. Gas, groceries, housing & insurance are all unaffordable. But hey, other than that, everything's great!!
    42
  2003. The economy has been artificially propped up for decades to prevent a complete economic collapse. The ever growing wealth and income gap in the U.S. will lead to even more crime and social unrest. The current situation in this economy is unsustainable and will not end well.
    42
  2004. 30 year 40 year 50 years, it don’t matter. The rent is still too damn high!
    42
  2005. The LTL freight (truck driving) loads have really slow down. The consumers aren’t shopping as much as they did two-three months ago. If you ask any owner operator most of them will tell you about the industry suffering. The best advice I’ll give someone is pay off your credit cards & don’t make any major purchases such as House/Cars/etc.
    42
  2006. I did the reverse... after 15 years in Florida, I moved to California (16 years ago)... and I don't really miss Florida. Yes, the cost of living is higher here... but my salary more than makes up for that. And weather is one thing that you do not typically have to worry about out here. I like the West Coast vibe. I like that I can be in Malibu or Santa Barbara in an hour... Palm Springs in 2 hours... San Diego in 3 hours... Vegas in 4 hours... and San Francisco in 6 hours. I like the proximity to Big Sur, Yosemite, and Mammoth. My house and all of my cars will be paid off before I retire, and my 401k and Roth will be well-funded. Different strokes. My parents hate California... and I don't care for Florida... so we don't see much of each other. A shame, but c'est la vie. I've lived all over the country (grew up in Ohio), and this is where I want to be!
    42
  2007. Ban Coorporative investors and international investors. Many people that do not live in the U.S are parking their money in properties here. The government should definitely step in and force them to sell. Then change the laws to prevent something like this from happening again.
    42
  2008. Thank you Michael! Florida real estate from $2.9 million to $15.5 million. Unbelievable.
    42
  2009. Everyone is being overcharged your at their mercy
    42
  2010. Still alot of FOMO out there. I have zero rush to buy a home. I already have a roof over my head and I'm instead dumping everything into my retirement. I'm planning to take my parents for a vacation as well. Life is too short to be enslaved to a bank for 30 years while paying hundreds of thousands on pure interest. As always thanks for the videos, Michael.
    42
  2011. Who wants to be a prisoner of their mortgage? Not me. I decided it was better to improve and renovate my existing home, which is almost paid for, than create more debt. Only a fool would buy a house in this market.
    42
  2012. Home prices need to come down more than the rate. These homes went up in some cases over 70% in 3 years. Back to reality is where they need to go. Then even at 6-7% people will be able to buy.
    42
  2013. Love the “ Rich Dad/Poor Dad” Robert Kiyosaki philosophy that a home is not an asset it’s a liability! It’s just a place to live.
    42
  2014. Glad someone is thinking and talking about this stuff.
    42
  2015. Housing prices should never have been so high in the first place.
    42
  2016. Michael keep making these videos! Keep all the Democrats from California and New York away from the greatest state in America. Florida bad, no move to Florida 😂
    42
  2017. Who in FL can afford 8500$ rent? FL has always been so strange to me, such a huge % of people there make absolutely crap wages, yet cost of living is insane.
    42
  2018. Love your vids and with each new one I am so happy I did not buy my second home in Florida.
    42
  2019. At that rate they will never “own” their house, although no one ever “owns” anyway (with real estate and insurance prices). That’s just as bad as the 7 and 8 year car loan. SMH. I’m glad your surgery went well!!
    42
  2020. Prices need to crash back to 2019 levels so young people can afford a home.
    42
  2021. As a millennial, it feels like I won't ever be able to own a home unless I inherit from my family. If my parents weren't financially secure and owned homes and assets, I don't know how I would personally ever be able to retire and have peace of mind one day.
    42
  2022. 2 days ago I went to a Jack in the Box in Perris, Ca and they actually had very low prices. 2 Jumbo Jack's for $5 and few other items for the same deal. I bought a Jumbo Jack meal medium for $10. That's the lowest price I've paid for fast food in Ca in the last 2 years.
    42
  2023. My home owners insurance went out of business, so I chose to bundle my home and auto with farmers and its went from $1,600 per year to $4,800 per year.
    42
  2024. I get that you live close to an expensive neighborhood And you get more clicks for saying prices are falling, but if you wanna be honest walk the neighborhoods that are between $200000 to $400000 and tell us that the prices are dropping there.
    42
  2025. Why anyone would want to be a landlord in these times is beyond me. All the leverage goes to the renter. Completed BS. That is why I will never step foot in that cesspool they call California.
    42
  2026. The main issue is, most people live in debt just to keep up with the Joneses. Which is a terrible mindset to have. My own wife is this way (lucky that we have separate bank accounts). If you have lots of debts, you will ultimately own nothing and be left out.
    42
  2027. It is not discriminatory banning China from buying property because you can not buy property in China.
    42
  2028. You don't have enough reasons to deter me lol 🌴☀️⛱️🌊🩴
    42
  2029. First Responders are frightened of EV incidents . Imagine cutting someone out of a car with an electric chair holding a 100 kilo incendiary bomb in the back seat. By the time you take all the steps necessary to make the vehicle safe, your Golden Hour can now be as little as 15 minutes. This is something no one, including the OEM's, seem to want to talk about, let alone the cost in money and time for the additional training.
    42
  2030. They're finally ending single family mandates here in MA. This should massively increase housing supply which will increase affordability. No more government meddling with our property rights
    42
  2031. Your channel is the best, Michael! We are grateful for you and the knowledge you share with us!
    42
  2032. Anything worth doing, is worth doing right. Too many people don't want to do the prep work required to get what they want. So they rush in and get the results to match.
    42
  2033. You know you are saying something when youtube feels the need to add a Wikipedia link
    42
  2034. Thank you for this video, super helpful, it all makes sense. Everyone from NJ is moving to Florida, it's almost comical at this point.
    42
  2035. I never quit. And I still run circles around 20+-year-olds. 😂😂Love it! 0❤
    42
  2036. Refinancing in order to use equity as spending cash is illogical. What goes through people's minds?
    42
  2037. We get behind the wheel of our cars everyday without a second thought, gives you some perspective, but regardless, I can only imagine how traumatic it is being that close, best of luck in your Florida house hunting journey Michael!
    42
  2038. Truck driver here, I have lots of trucker friends and this guy is 100% right. A lot of my trucker friends work for LTL trucking companies that started out offering their drivers to volunteer for days off, then they started cutting over time, then regular hours, and now most of them are lucky to get 3-4 full 8 hour days in a row. Things are really slowing down and a few of them just bought their first homes in 2021 less than 2 years later they are all really struggling to make their mortgage payments and feed their families, an even more tragic reality is that things are only going to worse from here on out for quite some time, and on an even sadder note is they don’t even know it and when they do it’ll be far too late for them. Buckle up folks we haven’t seen nothing yet.
    42
  2039. There is no loyalty in companies anymore.
    42
  2040. My Windstorm insurance increased $1,500 last year. Will be cancelling next year. House is paid off. The insurance and real estate industry are criminals…
    42
  2041. I was fortunate enough to retire with a couple of small pensions at 55 a few years ago. I don't live large and who can anyway with what's going on now? Crazy.
    42
  2042. I would think a lot of remote workers that moved across states, now being called back to office, selling houses, taking huge hits, should worry about going back to the office just in time to be laid off. 😮 That would be too awful
    42
  2043. If you get tempted to buy, just look at the yield curve and buy a three month treasury bill instead
    41
  2044. I also got ripped off. We bought a site for about 900 dollars. Before we bought the site the owner even showed us the sales. Which looked legit but don't think it was true. Same like you the traffic disappears when they turnover the site. Even if you tried to verify, they have a way of faking it but making it looked legit. Like what you said... lessoned learned!
    41
  2045. I moved half of my 401k into no risk interest accounts. Half remains in the stock market. Retirement starts in 2 years. Time to reduce the risk.
    41
  2046. The most beautiful part of your walk today is Lizi ❤🎉❤
    41
  2047. Bidenomics: Chapter 7: How to Shoplift During Hard Times.
    41
  2048. Even at 70% ownership the developer doing the buyout could start making everyone's lives more difficult especially if they get on the board.
    41
  2049. I’m glad I got over 55 years of life before it went downhill!
    41
  2050. Back in 2008 when our budget was 120k to buy a home. All the "lower" priced homes were getting too much attention making it harder to score one. SO, THEN, I had the idea of looking at listing of homes at $150k. Since those tend to get less attention! LONG STORY SHORT, we ended finally scoring a home priced at $145. And negotiated down to $118k
    41
  2051. I disagree with beach water temperature in California…it’s absolutely TOO Cold year-round to swim in compared to Florida Water!!
    41
  2052. Many of us pay our CC bill each month for the perks. It looks like "debt" but much of it gets paid each month.
    41
  2053. I'm sacrificing like crazy. I want to be free of debt by the end of this year.
    41
  2054. that is still technically considered a mobile home. It’s a mobile home up until 1976. After 1976, It is a manufactured home. Manufactured to HUD standard.
    41
  2055. I work/worked at DHI Mortgage/DR Horton and got laid off last week along with 3 other people on my team. My sister got laid off a month ago at Fairway Mortgage and a friend of mine got laid off on Friday from Fairway. And there are no jobs! Fortunately I have been watching you so it wasn't a surprise and I saved and have money in the bank to weather the storm. I may just get out of the business though. Thanks for all you do, Michael!!
    41
  2056. America now is nothing more than a life of stress, bs, no retirement and struggle. Welcome to it everybody.
    41
  2057. Missed ya yesterday ❤
    41
  2058. Life in the Philippines is great, house overlooking the overlooking the ocean, it's very relaxing. We have coconut, avocado, papaya, mango and banana trees on our property, plus others. Free for the picking.
    41
  2059. Friend of mine lost a house years ago with an ARM, said he did not know what he was signing and I told him he should have hired a real estate attorney and brought them to settlement, they are needed if you do not know what you are signing, well worth the money!
    41
  2060. 4:30 We were in a worse financial situation in 2008, living on one income. We used our house as a piggy bank and ended up short sale in 2012. This time around we are debt free
    41
  2061. My first mortgage was twice as high as they are now but houses were reasonable! My 2nd house was 8.7% but still reasonably priced. I did well on both. My point being the house prices are more important than the rates!
    41
  2062. Institutional investors should be banned from single family homes. Love the idea of homeowners getting 1st crack at a house. I hate the idea of investors being forced to rent their houses out by the government. Great video!
    41
  2063. Wow they can say what they want. We are in a recession but no one wants to see but us consumers are hurting.
    41
  2064. I don't eat out anymore!
    41
  2065. THIS IS THE CONTINUATION OF NOT TAKING CARE OF 2008
    41
  2066. The real issue is that college is too expensive and it needs to me mandated as the colleges are getting away with outrageous prices. The system preys on kids all their lives and make them think college is important-when it really isn't- unless your chosen profession requires it. Then you have kids signing things at 18...not realizing what they are signing under the false pretense they will make more money if they have a college degree. Then these same students can not afford a car/a family/a house and they are in debt for 10-20 years that is why the loan "forgiveness"sounds appealing to them even though what really happened was that taxes were raised on practically everyone else including them someday. The system itself needs to be fixed.
    41
  2067. A video from Michael is the perfect way to start the weekend!😊
    41
  2068. It would excite me to win 1 million dollars. Then, I could afford one of those overpriced trucks.
    41
  2069. I really appreciate that even though you're an amazingly famous local celebrity, you're still willing to get out in the rain & deliver for your viewers. You're rockin it!
    41
  2070. They were throwing that $120k away on overpriced cardboard homes anyway. Who really lost that money? The shysters that were trying to flip homes in six months at 50 - 200% profits.
    41
  2071. I hope all the states follow their lead.
    41
  2072. prices seem to only decrease for property going for millions, but for less than a million ... those prices are still over 100% overpriced, they will remain higher despite many of them heading to foreclosure, there are still many delusional flippers to contend with out there
    41
  2073. The fact is non profits are for profits, and greed is an ingredient in that.
    41
  2074. No worries. The doom and gloom will be coming to a country near you. This disaster is global.
    41
  2075. NY, unaffordable in all ways.
    41
  2076. Michael: "Condominium complexes get old and eventually a real estate developer sees that as an opportunity..." Well, you're right. It's called land reappropriation and it's done all the time, most recently in Hawaii, all over Canada and the world actually - only in these cases developers and the Govt in unison reappropriate land through the use of fires. Yes, nefarious fires and they've been doing this for decades if not longer. By the way, I'm not a conspiracy theorist, I'm a coincidence theorist, there's a difference. A BIG difference. If you don't believe it you're not paying attention or refuse to pay attention. Our government is stealing from us, poisoning us, burning us alive, imprisoning us when no crime has been committed, and enslaving us by mortgaging our future. Michael actually covers a lot of this stuff he just words it differently or smooths it over a bit so HE doesn't sound like a conspiracy theorist. Hey guys, when you feel like our country is slipping away, fight like hell to keep it. Freedom comes at a price sometimes, but the fight is ALWAYS worth it. Do NOT comply in any way shape or form. Thanks Michael, great video.
    41
  2077. Tx has had 450,000 illegal crossings this year, MV can’t support 50 of those with the millions they have🙄
    41
  2078. I sold my house for 3 times what it was worth in November. I told my realtor that it wasn't worth this much, but if someone wanted to give it to me. Let's close. She said no one has ever said that to her, ever.
    41
  2079. One of your best videos yet!! Honest, genuine and completely relatable!
    41
  2080. I currently live in Brooklyn, I’m working and saving the 20% in order to move down to Coral Springs Florida by next fall . I’m going to go with the house option just because I’ve lived in Brooklyn all my life and I’m tired of having no privacy lol. Thank you so much for this video
    41
  2081. Thank you so much for covering this!! I had heard about this situation and people absolutely need to know!
    41
  2082. How about these damn insurance costs….
    41
  2083. The most I've ever paid for a car was $13,000. I would never buy a new car unless I could pay cash for it or if I needed something specific for business reasons. I've always been told a car is one of the worst investments you can make because they depreciate so quickly (this recent bubble over the last couple years aside). A car to me is just a means to get from point A to point B and nothing more. as long as it gets me there safely and doesn't cost me too much to maintain it's good enough for me.
    41
  2084. I get way too excited for these videos. Kinda embarrassing
    41
  2085. 550 a month for my average town home HOA , Not a gated community. They literally Cut the grass and pay someone to sit in the club house all day. That’s it lol so yeah not cool
    41
  2086. Without insurance companies offering policies getting a mortgage will be impossible. It will lead to the forever renter…own nothing and be happy crowd..😖
    41
  2087. I’m never a fan of condo, simply because it has no yard and private garage
    41
  2088. How messed up would it be if companies are allowing "remote work" as a proof of concept for outsourcing their jobs? 🤔
    41
  2089. I'll take South Florida any day.
    41
  2090. It’s gonna go down again. People will soon realize especially in the hurricane season that it wasn’t such a great idea.
    41
  2091. I know 2 people in mortgage business who have been laid off. Both women. Both no emergency fund. Both have bills. Tampa area.
    41
  2092. Prices will come down like THAT BALLON 🍷
    41
  2093. I have been hauling freight for 12 years and sometimes I fill up in Mempiss. That is what it is, a sewer.
    41
  2094. Where I’m at, older homes are being bought, flipped, then put on the market for a ridiculous amount. But then newer homes are also still priced high. A dead giveaway on the recently flipped house is the grey interior, and grey laminate wood floor. They haven’t gotten the interior design memo that grey is going out of fashion.
    41
  2095. Automakers are using cost reduction strategies(layoffs) and sustaining price increases to pay for this crazy EV transition. My gut tells me this Inflation Reduction Act is going to be a monumental failure.
    41
  2096. This is like your grandma, who’s in Hospice, saying no worries, I’m just fine!
    41
  2097. If the FED pumps stimulus back in then inflation will just get worse and interest rates will skyrocket
    40
  2098. The guy who made that comment is full of bs.
    40
  2099. Wells Fargo needs the money to pay the fines for all their bad practices..."March 2023: The Federal Reserve and Treasury Department fined Wells Fargo $97.8 million for allowing a foreign bank to make hundreds of millions of dollars in transactions that were prohibited under U.S. sanctions laws. December 2022: Wells Fargo paid more than $2 billion to consumers and $1.7 billion in civil penalties after the Consumer Financial Protection Bureau (CFPB) found mismanagement—including illegal fees and interest charges—in several of its biggest product lines, such as auto loans, mortgages, and deposit accounts. February 2020: Wells Fargo paid $3 billion to settle criminal and civil investigations by the Justice Department and Securities and Exchange Commission (SEC) into its aggressive sales practices between 2002 and 2016. August 2018: The Justice Department levied a $2.1 billion fine on Wells Fargo for its actions during the subprime mortgage crisis, particularly its mortgage lending practices between 2005 and 2007." And this just scratches the surface of Wells Fargo's never ending illegal activities.
    40
  2100. Sort of like the old joke about boat owners: "Whats the two happiest days of a boaters life? When he buys it and when he sells it".
    40
  2101. I started dreaming of moving home right after my Mom died of cancer in 2012. I just return from a tour in Iraq as a Army Blackhawk helicopter pilot and lived in Dallas Georgia. I divorced in 2015 and then retired after almost 29 years in the Army in November of 2016. The summer of 2019 I started to look in Sewalls Point and prices were reasonable. I passed on a couple of properties because one of the realtors had a problem with VA loans. I paid off all debt, credit cards, and totally changed my behavior with money. I sold my dream car, (C7 Z06 Corvette), and townhome. Then the lockdowns started. I was outbid by cash buyers on every listing. I’ve endured this for two years now. Everyday is demoralizing for me and suddenly for the first time that I can’t buy a home. I know my only choice is to wait but I’m on year 3 with no house. It might be 3-5 more years before the market is friendly enough to even have a chance in my area of choice. So for those of you who can’t buy, I’m right there with you all the way. I wish all of you the best of luck.
    40
  2102. Wait... This guy has 50k in the bank?? Wow! That is very impressive.
    40
  2103. I think every state should do this.
    40
  2104. People have very short memories and they easily forget the headache of a hurricane. They also psychologically think it can never happen to them so the risk seems low. It’s only the people who have been hit directly that think twice about doing it again or they back out if the price is indeed too painful.
    40
  2105. I agree Michael. Institutional investors should only be allowed to bid on a home if it has been sitting in the market for more than 3 months with no buyers. it would be a good compromise. If sellers want to sell to institutional investors, they should be prepared to wait for months before they can sell.
    40
  2106. The reason that everybody needs a 5% mortgage rate is because the price of the home itself is way too high..... I never have fomo I just walk away if I'm not getting a fair deal
    40
  2107. So true, Micheal! We have a lot to learn in America. Gratitude, modesty, and appreciation are among the lessons we need to master.
    40
  2108. Us older people like our own beach 🏖️😁
    40
  2109. I put an offer on a condo with a condition and found a special assessment due that would have increased the purchase price by 36% and HOA fee by 100%
    40
  2110. When I was a kid, you could buy a house for $6300. The house I grew up in as a child in Miami cost $7800 for my parents. This depression that is evolving will wipe out most people. If you are not rich, you will be a pauper within three years. Just wait.
    40
  2111. I'm considering selling my condo in California, if this comes to California. Bought in 1985 for 125k now worth close to 700k, will have to pay capital gains & realtor fees but oh well, it was a great investment, I'll live my life out in the Philippines.
    40
  2112. One of your best shows to date, and very well explained to the non-informed.
    40
  2113. I pay my bills every month
    40
  2114. Enjoyed the video. As a person who has lived in both states, Florida all the way !!
    40
  2115. Michael, you and Nick at reventure are my favorite two. Nick is really good with analyzing statistics and trends but you are very good at using logic and explaining what’s going on and why it’s going on. You’re a good teacher .You’re both very good but in different ways. appreciate you both. thank you.
    40
  2116. Not attainable, at least not in my neighborhood. There are very, very, very few jobs that crack $45k a year here. Yes, house building is still going on but these are outsiders pouring money into newly built gated communities, not folk native to our town. We're basically blocked from ever buying a house.
    40
  2117. I dont comment much, but never miss an episode of your contents. Thank you Michael for keeping it real.
    40
  2118. I think the real poison is property tax. Just think how much the government takes in on property tax, and I own my home free and clear. Property tax, if they continue to increase, will become comparable to a mortgage payment or rent. Almost like ransom or payola.
    40
  2119. When I purchased my condo I avoided anything fancy like a high-rise. My place is a three-story, one simple pool and an outdated gym. I didn't want a fancy place because I don't want to pay for someone else's vacation. As such I don't need pools with cabanas, a high-tech gym, a community movie theater and clubhouse, and don't forget the on-site post office and fancy dog run.
    40
  2120. "Anyone can qualify for this" almost always excludes those who are self employed.
    40
  2121. The baby boomers where such a lucky Generation. They were able to buy their first House in their 20s and now the average age of first time home buyers is about 39 years old.
    40
  2122. Glad this video is NOT politically correct! Love it❤
    40
  2123. We should have never stopped backing gold... Money printer go burr has ruined multiple generations... 😢
    40
  2124. Yeah, you can just refinance for a cheaper rate. All of the agents say that. But they never mention you need a certain amount of equity in the property just to qualify to refinance. They also avoid mentioning the fact that properties are way over valued and prices are steadily falling, so how the hell are you going to refinance if you property value fell 20% since you bought. Keep up the good work Michael! You are preaching to the choir.
    40
  2125. I never lived in my parents basement,they live in Florida😁🤡🤠🤑
    40
  2126. Too late my fren. I moved my family here in May due to a better paying position and we are trapped in this nightmare. Can't find rent or a house that are not insanely overpriced. Property taxes, insurance costs, etc. Worst move I've ever done. My calcs for budget were fine, but hidden costs are killing us.
    40
  2127. As someone who owns over a thousand shares of Tesla (bought in early 2020). I don’t like hearing this kind of information. But it’s noteworthy to understand. Tesla has always been a niche product for people who want to drive electric cars and will likely stay that way for some time. However, the government push to make all car manufacturers EV is ludicrous. Let the consumer decide what they want. I own many Ford shares as well and I own one. But I would never buy a Ford EV vehicle. If I did buy one, it would be Tesla.
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  2128. I can confirm this, we just had the "talk" 3 weeks ago to return to work, and many many spoke up about it, everyone knows its a soft "layoff" without calling it a layoff. Its sort of brilliant from the employers perspective, pretty shitty for the employees perspective.
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  2129. ive seen condos for sale stating that assessments due must be paid by the buyer at closing
    40
  2130. Im a RE agent in Pgh and in my local suburban town there were a bunch of homes bought for cash by institutional investors and last week, one just hit the market. Looking at the history, they bought it in the winter of 2021 for 165k cash, upgraded the kitchen and did other cosmetic work (paint and floors), tried to rent it for 2100/month for 4 months, couldn't, and have it listed for 299k, which is waaaaaay over priced. They're going to lose their ass on it for sure.
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  2131. The only problem with people moving is that then THOSE places they move to also become unaffordable to the people who are living in those more affordable areas with respectively lower incomes. Then they can no longer afford to live in their communities anymore either, except they have way less places they can realistically move to unless they want to live out in the middle of nowhere Mississippi or West Virginia with no job opportunities. That’s what’s happened to me. Priced out of my hometown that I would have normally been able to afford because so many people from cities with higher incomes moving here and investing.
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  2132. when I sold my home in Utah I instructed my agent to not entertain offers from investors. We need people owning, not renting.
    40
  2133. I think that one of the main reasons why people are so miserable is because people are more isolated today as a result of social policies and social changes, including the financial success that Charlie Munger mentioned. Ironically, I think it’s pretty clear that an increased standard of living tends to make people more isolated. People who live in big high rise apartments in the city for example often don’t even know their neighbors even though they’re surrounded by people. I think that this increased isolation is a big part of the problem. People in content relationships tend to be content as long as their basic physical needs are met.
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  2134. Southern California is truly a gardeners paradise. So much plant diversity and cloudless skies. Just gorgeous!
    40
  2135. "... homeless industrial complex." That's it in a 🥜 shell🎉🎉🎉😊
    40
  2136. Yes things are going to hell in a handbag
    40
  2137. Some people just live in bubbles 😮
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  2138. They called me when I was selling my house by owner in Florida in 2021. Told them I wasn't interested
    40
  2139. I can’t wait to move to FL!!! Coming from one of the worst states in the US, I know it’ll be fine. It’s where my family moved to so I’m following them 😂
    40
  2140. Government is never the answer. The market controls it - nonetheless hysteria and emotions are driving this market also. Ever since COVID hit. I think the idea of investing in real estate is an incredibly great thing. It’s not fair for those who were able to get rich doing it before, preventing newer folks from getting into the same game in the future by limiting who gets first dibs. It’s all about the petro-dollar which is losing strength as we speak, everything else is a domino effect.
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  2141. Honestly prefer the gulf side. Way less hurricanes to worry about, which makes insurance much cheaper.
    40
  2142. Great video, Michael! I don't think anyone actually likes this Housing Market.
    40
  2143. I'm sure if Blackrock or some large Corp. owned the property, there would be 4 am swat team raid and the squatters would be gone. Mom and Pop owned-sorry you can't kick them out.
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  2144. I am FINALLY debt FREE! Well, I pay a mortgage... So not technically debt free but feels good to not have any other debt besides my mortgage.
    40
  2145. Michael l want to give you a huge shoutout for dropping consistent and real content because it inspired me to pursue a goal of mine. I'm a recent grad college with a Business Admin (Finance & Marketing) bachelor's degree and have the opportunity to run an after school club for 7th graders so I chose to run a financial literacy club for them. I honestly didn't think that I would get a ton of sign ups so I capped the club at 15 people. The flyer hasn't been out for a week and there are already 27 sign ups. Both the students and educators want to come to the after school club to learn about money. In my opinion this reinforces that financial literacy should be mandatory in schools across the country. The school is giving me complete freedom for 10 weeks and our first topic will be the return of the student loan payment because it's happening now. Please keep up the great work!
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  2146. Finally! Jack Morgan always talks you up sooo much! I appreciate this collaboration.
    40
  2147. Artificially low rates have thrown the whole system out of whack. It discourages saving and has helped cause inflation.
    39
  2148. How about discussing renters who buy a home but decide to continue living in their affordable rental and rent out the home they own? That's what we did. We bought a new home at pre-construction pricing with the intention of moving in after it was completed. However, when the day came we ran the numbers and decided that it made more financial sense to continue renting and rent it out. This has worked out very well for us, as the rental income has now paid off our mortgage and now pays our rent and all other living expenses. Our rental is also in a nicer area than where we bought. An additional bonus is that we no no longer suffer the stress of being 'homeless' as we now have a house to move into should ever have to leave our rental. Keep up the good work. Love your neighborhood tours.
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  2149. We are retired and we are seeing our investments dwindling. Good thing my husband pulled out some cash for our expenses. We don’t even think how we would pay for medical bills should we get sick. So we are trying to keep healthy by walking and bicycling daily. We worked all our lives and lived frugally. I feel for young families with young children. Dear lord I hope they survive this very difficult time. 🙏❤️
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  2150. Bankers did a great job this time, Homes went up in value, Counties nailed people for higher property tax, That also pushed home insurance up, A win win for everyone but a property owner who is not selling
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  2151. As a retired plumber and worked for home warranty for over 25 most homes I worked on were poorly maintained and people would get mad because home warranty does not pay for water damage which usually exceeded the repair.and it seems most young people dont have a clue for simple basic repairs
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  2152. Another reason for unaffordability is that all the homes in good locales are huge with 2 levels, with or without basement with 3-4 bedrooms etc. Not everyone wants such big homes. In US ,one level 2-3 bed room homes are supposed to be for retirees only. As long as average homes are like mansions this condition will continue.
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  2153. Youre a wealth of knowledge Michael. First time home buyer and by listening to you gives me the resources to stay away from the lies being told. Truly thankful my friend.
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  2154. Merry Christmas Michael and Lisi!!! Thank you for continuing to educate us and bringing solid discussions!
    39
  2155. You are spot on Michael about it being a tax on realized gains. But how else can they pay for the bloated gov't full of non-productive workers?
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  2156. Glad that the investors are finally starting to sell things off! Yes…people are having to pay a lot more than they are supposed to, percentage wise, just to be able to keep some sort of roof over their head. Very sad.
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  2157. I heard people say that they had to spend $15,000 for a new battery for their EV!! No thank you!!👎🙃
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  2158. A Video from Michael is the perfect way to start the Weekend 😊
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  2159. I sold my firsr house by myself.. went to court house got all the paperwork about land & its only 1 sheet of paper when selling a house. Its real easy.. so when i bought my next house i went straight to the owner of the property & made a deal. Took 1min... & about 5min of paperwork. Its so easy.. i would never use a realtor
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  2160. Who can afford a house with those property taxes ?
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  2161. I’m glad “greed” is getting a reality check.
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  2162. Start a service based business with minimal tools/supplies needed and bust your ass. You can make it anywhere with the right skills!
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  2163. Manufactured homes are increasing in value , but nothing like the 'sticks n' bricks' trad homes. They do offer a much better quality of living than an apartment ( privacy, size, etc. ). The quality of the home isn't always great , but some owners make their own improvements. It has worked very well for me, but I am one who was never impressed by expensive 'trophy' homes anyway.
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  2164. I retired in January and now everything is going away. 401k dropped 40%, prices of everything out of control. Almost every world leader pumped excessive money into economy, and latched on to the destruction of domestic oil and gas➡️ stagflation Michael, Your vid’s are great!
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  2165. Looks like you are back to walking like your pops. Must be feeling better ❤
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  2166. Thanks for talking about mobile homes. Personally, I think buying a mobile home in a land-lease park is really a terrible idea. You don't own anything of substantial value in that situation, since the mobile home is considered personal property, like a car.
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  2167. I believe markets will continue to drop throughout 2023 and drip heavily into 24 . Either way the tides have turned and buyers on the sidelines will finally have their opportunity 👍 stay patient peeps
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  2168. Zero debt...Solid information & advice. People with large savings "please raise the interest rate." People trying to finance anything "I ain't buying nothing...the rates are way to high and I can't afford it." Now, which group has more people in it? That's why!
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  2169. It’s okay, I live in a dirt hole so none of this applies to me.
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  2170. My mortgage in 1999 was 14%. It was a standard mortgage.
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  2171. i think the 1st mistake was . You have to ask yourself, who sells a web site generating that much money for that cheap a price. That is a red flag to me.
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  2172. People keep trying to buy my land in South Carolina and I don't want to sell.
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  2173. The Nation needs the Governor to get back to Florida and do his rightful job to right the ship of State.
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  2174. During the depression of the 1930s, banks did not sell the properties that were foreclosed on. Instead, the banks let them sit empty and waited for the value to go back up before selling them. Even while people were homeless in the streets. With the Fed owning 40%, maybe more by now, of the mortgages, I am not sure the Fed would not do the same thing.
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  2175. Interest rates should have never been kept that artificially low for as long as they were. That was horrible by Ben Bernanke.
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  2176. If a senior citizen owns a home with decent equity they are still better off than a lot of people their age. Worst case scenario they can sell and take their equity and rent which is a far better idea than a reverse mortgage. A lot of retired people don't even own their homes and don't even have that option.
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  2177. when people from colombia can buy out your real estate in one of the more expensive real estate markets in the country... something is seriously not right.
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  2178. The rentals give you a month or two free for the first year only, then charge $25 for trash and another $10 for community power and a $50 parking spot. It's getting ridiculous
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  2179. Keep speaking the truth Michael!
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  2180. Nice! you have a Metallica tattoo on your back! I approve!
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  2181. The "lies" could also be referred to as "gaslighting".
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  2182. this happened to me in NJ I rent a condo and the owner sold it, I was only paying $700.00 a month well to stay in the condo building the people who run it said that there was only one unit available and the rent was double. Yes I am a retired senior and not at all prepared for that, this unit I live in now is 100% down grade in ever aspect of what I had. nothing works and the owner does not care and the people who run the building do not care. I am not looking forward to the up coming year for sure the rent will go up and after looking else where for a place the rents are even higher. I pray all the time,
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  2183. I've lived in Florida all my life and never encountered a sink whole
    39
  2184. I lived in a Florida gated community/ it was rather a condo than a house, small backyard, tons of stupid rules, strict control over who is visiting etc. Today it doesn’t make sense, the main purpose security is largely available and non expensive , it is reliable and I sold this jail house to buy my own home, and can’t be happier
    39
  2185. Question for ya Michael. I'm 48, never owned a home. I do qualify for the VA home loan. I live in Orlando, so prices are crazy.. At what point does someone say, you know what? Maybe buying a home/condo isn't going to happen. I might just rent until I retire, then move to Arkansas and get a double wide. You could probably make a whole episode on that.
    39
  2186. It’s so sad when companies take advantage of the poor, they are down on their luck as it is, yet they want to milk them for their last dollar 😢
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  2187. It's nice to hear you talk in a respectful way. There is another guy that looks like you that can't talk without saying bad words. At first I thought it was you but when I went to unsubscribe I realized it was another channel. Thank you for keeping it classy.
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  2188. The reason why people went to Florida years ago was because it was a cheap place to live with hot humid crappy weather.....😮
    39
  2189. South Florida from Ft Lauderdale to South Miami has corruption on MOST HOA boards—nobody wants to serve, those that do, spend for their liking… I’m a lawyer— Florida lawsuits involving HOA communities are clogging up the court systems—insurance companies pay & settle quickly in most cases— imho, condos are becoming more expensive than homes and that hasn’t happened in over 70 years… where’s uncle Bob, he needs to come lay 100 bails & because I’m the HOA treasurer—I’m told to pay him $3500 for landscaping or where is aunt Molly who runs a carpet ckea company to take care & clean our community hallways for $20,000 each month, community upkeep…. Corruption is a strong word! Let’s say most don’t inspect what they expect so volunteers called board members find a way to pay themselves!!!
    39
  2190. If the annual property tax bill on my property exceeds $6500 annually I sell and move. If the annual home insurance policy exceeds $1000 I sell that property. If my house payment would exceed $2500 all-in per month I don't move into that property. I never live so far above my means that I get caught up in the disaster that is Florida in real time right now.
    39
  2191. $30k price cut doesn’t do much to bring down the monthly payment at todays interest rates. People mostly look at the monthly payment because if you can’t afford the monthly, doesn’t matter how much the builder cuts the home price if the monthly payment is beyond your budget.
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  2192. This channel is a must watch for everyone who is interested in the housing market or economy. And even if youre not interested in the housing market this channel is a big plus for your wallet!
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  2193. I am so glad I put everything in cash, paid off the house and living within my means. Good luck y’all🙏
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  2194. What Lending Tree is doing is a textbook management tactic known as "managing them out of the system".
    39
  2195. 2007 was a rough period for me. Currently, I'm reaping the rewards of years of paying down debt and my debt burden is minimal. That said, due to inflation, I still don't have much savings or spare $$$
    39
  2196. Wow. People are broke. This is definitely going to bring down real estate prices. Especially as people face foreclosure and bankruptcy.
    39
  2197. I’m in Utah and my old neighbor died and nobody paid taxes on her property. The mortgage was paid off. It went up on a Tax Sale auction with the county. The new owner bought it for only taxes, interest, penalties, and administrative costs: About $10,000! The home is now worth about $300,000! This was in the 2000s when a lot of people weren’t aware of these auctions. Probably impossible to get a deal like that today.
    39
  2198. Working remotely was long overdue; of course there are pros and cons to everything but- for contract workers, the freedom to live where you really want along with the added flexibilty to your daily life offers benefits that outweigh any negative aspect. Also, large real estate companies and speculative investors who own rental units are a large part of the rental crisis and why rents are so high in many areas- it's more difficult now for young families to save for a downpayment when a large portion of their income (40% +) goes to paying rent.
    39
  2199. Homes are expensive because many people have been taught to treat them as an investment since around the 2000's. The only major downturn since then was the GFC, where home prices went down. If we are going to treat homes as investments, we should expect them to plummet during recessions, just like most other investments.
    39
  2200. Like paying $6k covid unemployment and they were buying new cars
    39
  2201. I’m in California. Never had a claim in 29 years. My single family house homeowners just went from 2 grand to 4885.
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  2202. Happy INDEPENDENCE Day 🇺🇸🦅🇺🇸
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  2203. Personal responsibility, not acting on impulse, and patience will definitely help in this economy. I enjoy all your videos.
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  2204. Well, in Europe you have buildings that are hundred of years old right on the ocean/Mediteranian see and they are just fine. i lived in Florida and the construction quality of these buildings is so bad as the materials used are not up to standard. This starts at the iron bars used and ends with the concrete. Over the last 20 years I looked at many of those and just by looking at them you get the feeling they are falling apart. Just hoping that the new buildings are built better.
    39
  2205. New Zealand is very bad now,House prices falling and everyone is broke.
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  2206. It is such a privilege to see such a level headed young man like you Michael! Thank you!
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  2207. A few years ago I realized that I didn't look at other people's cars or clothes or bags or whatever and really cared much, so I figured most people probably weren't looking at me caring what I wore or drove. And the people who did were probably shallow and in debt themselves trying to impress others. Being in debt to make others think " better" of us is the craziest thing but sadly most people are in this boat.
    39
  2208. Here is another tip: along with walking the neighborhood, talk to everyone you see and ask them questions. I even went door-to-door last time I bought. You will be amazed at what people will tell you if are friendly, honest, and you ask them open-ended questions: "How do you like it here? What would change about this complex?" They will reveal all the good and the bad, even things that you might not be able to discover by yourself, and things your realtor won't tell you.
    39
  2209. Back in 1981, when the mortgage rate was about 13%, I was transferred and purchased my home with a 3 year balloon mortgage at a 9.75% interest rate. Fortunately, when the balloon payment came due, I was able to refinance at a much lower rate. Scary times - but still nothing like 2023. Thanks for another great video by the way.
    39
  2210. Its rough waiting and paying rent but I feel much better that I’m not stuck in a home that would have already lost value. One in my Fl area was just purchased last year at $1.25m for some reason they had to sell. Listed at 1.3, decreased all the way down to $1.2m finally contingent. So between closing costs and realtor fees they easily lost over 100k.
    39
  2211. You are absolutely correct, MB! One needs a minimum of ten percent earned in equity to refinance. Lenders and real estate agents who collude to sell this ideology should be held legally accountable — especially those who say this to buyers using low down payment loans (VA, FHA, USDA, etc).
    38
  2212. This is why I think the code in certain flood prone areas should require houses to be elevated. A 3' crawl space would have spared a lot of homes water damage. Houses closer to the water should be on pilings just like some houses on the beach. It's just common sense.
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  2213. Most new houses are made of matchsticks. No way they last 40 years
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  2214. Living below your means and diversifying into sane investments will set you up for a good retirement. It also lessens the stress of daily living. Buy needs not wants.
    38
  2215. Instead of saying…”how can I afford that?” We should ask ourselves…”do I really need that?”
    38
  2216. 1950's-1960's masonry homes in the Northeast (ie brick and stone) are very well built. And they didn't cheap out on things - thick copper plumbing, thick framing, plank hardwood subfloor, thick plaster walls, double masonry exterior walls, and they typically used 12ga wiring for everything so you can easily expand to 20amp circuits
    38
  2217. My thing is that the sellers aren’t really paying now because it’s baked into the price of the home. The buyer is essentially paying it as part of their mortgage. Now, the buyer may have to pay up front, adding to the upfront costs, and they may have to pay whether they close on a home or not which was not the case before. This could be really bad for first time homebuyers.
    38
  2218. We talked a year ago about remote workers having to go back to the office and having to move back to their home state. Commenters back then said this will never happen and this is complete insanity. Also you said a very long time ago there wasn't a shortage of homes but a hyper buyers market created by second home and investor buyers. Everything you been saying over a year is in the process of playing out right now. Wished you sold houses in South Alabama. I am about 30 minutes north of Florida. I plan on buying about this time next year if there is still an America that exist. As always you have the very best videos!
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  2219. One if the things I love about your videos is how you take into consideration the reality of people's salaries, most of us are middle class! Ty for giving us regular folks a voice.
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  2220. My company had a lot of remote/Hybrid workers even before covid. Our offices and territory is very spread out. They put a lot of money into creating a virtual friendly environment. We have regional offices and go there once a quarter for a two day meeting, the rest of out monthly meetings are virtual. It' works with the type of work we do, which is client based. Im very productive. I also have flexibility and as long as get my work done, I can take off without asking for stuff I need to do. I love it.
    38
  2221. I can't believe Robin Willams would have a house with curb side parking for any random person.
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  2222. Florida's in the thoughts of many right now🙏
    38
  2223. It’s costing us 461B a year the illegals immigrants., this ADM can’t come up with a program so the Veterans DONT loss their homes. Our Defense Secretary Lloyd Austin can’t find 2T in Military equipment. Were is our hard working tax money going? They can be using that money to help veterans so they don’t loss their homes. Happy Thanksgiving 🦃 👍
    38
  2224. Not fear porn , this is Reality porn sorry my friend. He is not always negative, up sides to everything in life . At least he tells it like it is and no sugar coating , I think he gets a lot of credit for being honest to his viewers.
    38
  2225. No snow, no need for tons of clothes especially winter things, no long dark super cold below zero days, growing vegetables and flowers year round, swimming in the ocean a lot, great college and pro sports
    38
  2226. Back in my day. Mid 90s. We were literally able to buy a mobile home for like $5000!!!! Like buying a freaking car
    38
  2227. It is not the interest rate , but the cost of the house that matters to determine the ability to afford !
    38
  2228. Hey! My hometown that I have lived in for seventeen years! I will talk to you about the city from the perspective of a local. The population is around 90,000 to 96,000 or so. Big population. This city is not "part of a larger area of a city". It's not like Miami Gardens or Golden Glades in Miami. It is an independent city, and is pretty much entirely suburban. (Population wise) Palm Coast is not ON the coast however. Flagler Beach is the part of the county that is on the coast. I will now list the pros and cons. Pros - Community - If you are 65+ or you have a family, then you will love it here. This county has one of the largest senior populations of all counties in Florida. Crime - Low Crime. Schools - There are not many gang bangers in our schools or drugs. It HAS happened, but it is rare. Affordability - This place is very affordable by Florida standards. Parks - We have PLENTY. Cons - Transportation - HIGH dependence on cars. You NEED one. MAYBE you could just walk or ride a bike if you live on the edges of the suburbs. But seriously, just buy a car if you don't already have one. High depression rates among young people - In 2019, I believe our county had one of the highest suicide rates in of all counties in the U.S. I have no idea why. If you are from Palm Coast and you think that you know why, hit me with your best shot! Now, it is 2021 right now, so this high statistic MIGHT be irrelevant now. Things to do - Well, you can go to Walmart, or Lowe's, or Home Depot......or Target..........or.............you can get some fast food..........Like McDonald's or Wendy's or Burger King (Just one I think) or Chick Fil' (Just one) A or KFC (Just one) or Popeye's (Just one) or Zaxby's (Just one I think) and........uh.............................Michael, you MIGHT start to understand my point now. Haha! Most people just take a 20 - 45 minutes drive north or south to St. Augustine or Daytona Beach if they want to have fun or do something. Or if it is a weekend, they will take another 30 minutes or so to drive to Orlando or Jacksonville. Random Facts - Demographics - Palm Coast is 71.5% White, (Non Hispanic) 12% African American, 10.6% Hispanic and 2.88% Asian. Politics - In the 2020 Presidential Election, Donald Trump won Flagler County, Florida by 21 points. Conclusion - I enjoyed this video! Even if you were not satisfied, I am very happy that you came here anyways! Take Care ~ Alexander :)
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  2229. If you're in the real estate business you should know that It's not just Florida. it's happening all over the country. And the main reason why it's a Seller's Market is because of the "Low Interest Rates"..
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  2230. Good advice. 15 years ago I made the decision to make sacrifices to pay off my mortgage and get out of debt. Today I own three houses debt free and zero credit card or personal loan debt. Getting out of debt in this economy is the most important thing someone can do.
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  2231. AHHHH...the unmatched ethics of the real estate industry on display again, makes me so proud.
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  2232. We might have bought a lemon that a flipper sold us in 2020 for $245k but w/mortgage payments at $1,073/3.125% and the value up to $345k I'm glad we made the purchase now. My wife wanted to wait a few years until she could find the perfect home. Now she thanks me for talking her into buying this one. God bless those who are struggling.
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  2233. I just love that Michael shows us so many different areas of California so you get a lot of perspectives on California and also learn about the housing market and the economy.
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  2234. If home prices dropped 20% they'd still be overpriced. These ridiculous companies keep buying them up to rent them out - as if people who can't afford a mortgage payment can magically afford the premium attached to rent. They're morons. This isn't a buyer's market. We're so far away from a buyer's market that people don't know what one looks like anymore.
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  2235. and just like that, mobile home fires hit an all time high!
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  2236. Mike in the late 80's I paid 40% of my income for houseing as the intrest rate was over 8%. Both my wife and I worked second jobs to make ends meat. I was always broke.
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  2237. People are going broke because they thought they had more money than they actually have, and have lost control of their finances with inflation and day to day expenses
    38
  2238. I think that's an interesting observation: 800,000 less houses on the market from 2019 until now, and almost that much more listings on short-term rental websites like Air b&b. It's kind of like 800,000 people said, "you know, instead of selling my house, I will just try to rent it online". Now that the air is being let out of air b&b, perhaps those same people will be now saying, "you know, this isn't working out. And I can't even rent my house in the traditional way. Maybe it's time to sell." And just like that, inventory shoots through the roof and prices start going down even more.
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  2239. Whenever a Michael Bordenaro video is up, you can count on many things: Real estate info, economy info, some Miami Vice feeling, good looks and those stellar shades. 😄
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  2240. After 39 years of snow I’m loving it in Florida. I’m one of those people who will be perfectly fine if I never see snow again. Three winters of living in Florida so far and I’ll take an 80° Christmas Day every year from now on.
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  2241. I can’t wait to leave Illinois oh my god 😩. I belong in hot climates. I hate winter 🥶and the way the state is ran is very questionable to me. I know I will flourish in Florida as far as continuing my education and careers.
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  2242. My dad sold 2 of his properties, his rate was 2.90%. He explained that rates are never the deciding factor as to why people sell...people will sell, and he cited mainly due to the high divorce rate. But his realtor was telling "inventory will stay low FOREVER due to most people locked in those golden handcuffs"..but we all know that most realtors have no integrity, so they said that to try and gaslight people into thinking that prices will never drop
    38
  2243. "All I want to say is that they don't really care about us"
    38
  2244. Thank you for telling everyone that not everyone can be a landlord. That has needed to be said for years. Good job Michael
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  2245. I just want to see those comments from a few months ago saying " this time is different, you people don't understand, no housing crash ever again, house prices always go up, there is not enough inventory, too many people moving in to Florida, too much demand and not enough supply bla bla bla" . Where are those comments now? I have to say that It is very hard to wait while you are seeing prices going up all around and all your friends jumping into the FOMO train but I knew it was not gonna end up well. A lot of people will be underwater in a couple of years. Specifically those Airbnbs with a lot of leverage.
    38
  2246. I think flat fees make more sense in most scenarios. From what I have seen, the listing agent isn’t doing much after the home is listed, I guess they will have to start being the one to show it to the buyers and earn that 3%
    38
  2247. The worst thing about the rental market with people teaming up is the noise level with 6 adults or 2 families in a 2 bedroom apartment. Those of us that did the right thing and can afford the apartments are stuck living next to the noise problem.
    38
  2248. The luxury tent market is booming in Seattle.
    38
  2249. When I was young, credit cards were just starting. Before that people saved and used cash. My grandma's generation that went through the Great Depression, continued cheap living even after it ended and routinely died with $100k+ in the bank. Of course the kids squandered it all. I listen to young people that have decided to rent and enjoy moving so they can work in different places. I encouraged a young engineer I work with to save money until your assets generate enough money to pay your rent. The more I think about it that really is the best thing to do now. It gives you runway if you lose your job, if not you generate money and eventually your generate $5k then $10k per year and it's not that long before it's $25k. It does take discipline but I find some of the young people are smart with their money. Most of course are not.
    38
  2250. I used the first year of Covid to payoff the few grand of student loans I had while it was interest free and 100% principle payments. I’m f*cking amazed people didn’t think of this.
    38
  2251. The rent is too damn high!
    38
  2252. We had import duties instead of income taxes back then, because we were much smarter back then.
    38
  2253. Micheal, the US Government is terrible in budgeting. Thats why they removed the US dollar from Gold standard. So they can PRINT TO THE MOON 😂😂😂
    38
  2254. Two thoughts ... (1) you truly can’t be happy until you’ve mastered being comfortable alone. (2) NEVER put the keys to your happiness in someone else’s pocket
    38
  2255. Everyone is going out and buying and showing off.. it's all going to come to end.
    38
  2256. My mortgage rate was 6% back in 2003. I didn’t think it was bad back then.
    38
  2257. Very true about people thinking it’s soooo easy about rental properties.
    38
  2258. To each their own, but I will never share a wall again! I love the privacy of my own house with no mortgage, five acres, no HOA! I don’t even see my neighbors.
    38
  2259. I have two friends with male children in this situation not willing to work or move out of the house
    38
  2260. Farm Bureau said I'd have to insure my vehicles with them in order to continue my homeowners with them. I dropped them and turned in a claim for a roof damage at the same time. They paid for the roof and we parted ways. That was a few years ago and I haven't bothered to carry homeowners insurance since.
    38
  2261. Fifty years ago they said you could buy a house 2-1/2 times your annual income, so if you made 20K/year you could buy a house for 50K. The down payment was usually 20%.
    38
  2262. Flagler beach looks fine to me. Less riffraff. Age is relative.
    38
  2263. lower gas prices came because people have slowed down driving and they are releasing all our reserves so it’s not that gas really came down rather it is being manipulated by the GOV like all the numbers.
    38
  2264. ❤❤❤❤❤ That Ca scenery is awesome. Too bad it's terrible to run a business there😢
    38
  2265. The $10k Future Foreclosure Program.
    38
  2266. I think we can use this type of advice when it comes to many aspects of our lives. Real estate agents have families that have to eat and their own bills to pay so it's not surprising they'd encourage people to buy 'now'. People need to understand that. Just like attorneys will file unccessary paperwork and even doctors will recommend medications you might not really need or even surgeries. I can't tell you how many doctors have 'suggested' I have various 'unncessary' organs removed and here I am still alive and still have them all. I take all advice with many grains of salt. Do your own due diligence because the only person who is really looking out for you, is you!
    38
  2267. One reason why I love this Channel is that it covers many topics of the economy and not only what is in the trend or make good selling numbers in the media. Love this channel !😊
    38
  2268. Some anecdotal stories: I'm a recent engineer grad and I do have a job but I'm considering taking a different job back in my hometown and moving back in with my parents because costs of living suck where I'm at. I'm not alone either, all my engineering friends that I'm still in contact with are still living at home, or are living in a house with multiple other people. It's sad because engineering has always been considered very well paying, but I'd say the pay has not kept up with the costs of living. Engineering used to guarantee being upper class but I'd say now is just a decent guarantee of middle class. (All this depending on your area of course) Maybe we're all just stingy, because I wouldn't say we're living paycheck to paycheck PER SE, but as a young person you need to be putting away money for a better car, a down payment, emergency savings, pay off student debt if you have it, etc. and with the costs of rent, utilities, inflation, etc. It's getting harder and harder.
    38
  2269. We have not yet seen the effects of the new FHA loans with 1% down, and to under qualified borrowers. Government manipulation in the market NEVER ends well. Yikes
    38
  2270. I work for the local County jail in a major California city. There are many homeless people wanting to be locked up for free housing, food, and healthcare. In California, the jails are over populated so the Sheriff have to release low level inmates. The funny fact is these inmates are not willing to leave and refuse to sign their release paperwork. Therefore, the Sheriff have to go to court to evict them or drop charges not worth prosecuting.
    38
  2271. As usual, Michael is ahead of the curve.
    38
  2272. The less banks there are, the easier it is for the feds to control. Consolidation...
    37
  2273. The rent, and car payments, are too damn high!
    37
  2274. I never felt the previous downturns at all. I was working as a nurse (RN) so wages were good. This time, however my husband and I are retired and living on social security. Thank God however that everything is paid for, house, land, and vehicles.
    37
  2275. "The economy is slowing down because of the weather" If only we could predict the time of the year when winter is coming, and plan accordingly.
    37
  2276. One of the fastest ways to reduce housing expenses, is to reduce or eliminate real estate commissions. I can sell $1,000,000 worth of Apple stock for $5 why should it cost $70,000 to sell a $1 mil house? RE agent shows up like the uber eats driver does, spends 30 minutes, and is getting a comission of tens of thousands of dollars on the sale. There is a better way.
    37
  2277. Great content as always Michael! I was fortunate to sell my house in Naples 2 months ago but have decided put the money to work elsewhere and rent for the next year and see what happens, the real estate market is a bit too volatile for me right now.
    37
  2278. Basically no matter where you live, you are at risk of some sort of natural disaster. Granted, few things are as spectacularly horrible as a large major hurricane hitting a populated coastline. Nature always wins.. With that said, I hope the people of Florida get the help they need. No politics, no bullshit, no excuses. Very worried about the insurance situation for them, which is sad that is even a concern.
    37
  2279. If I didn't listen to channels like yours I wouldn't be prepared for worst case, and I am seeing very near worst case right now under "Bidenomics"
    37
  2280. My wife and I sold our home in Reno, NV for $400/sqft one week before the Feds first interest rate hike.. we feel blessed. We didn't want to spend all the proceeds on another expensive house and maybe have to borrow. Instead, we moved to North Central Florida and bought a manufactured home in a 55+ golfing community for $36,000 including the golf cart. Now we only pay $775/month for space lease that includes water, sewer, garbage, landscaping, RV storage, aquatics center, sports pavilion, billiards room, full club house with huge fitness room, AND, free green fees at our 18 hole executive golf course. We have a cute home and amazing lifestyle for half of the average national rents. Florida rocks.. year 'round
    37
  2281. I think there's a lot of pain coming to the Airbnb market. Especially the investors who got into the market late in the game and have big mortgages with all the elevated costs!
    37
  2282. Yeah and we are the ones paying the government debt through taxes. The whole system is messed up! Rich get richer and the poor get poorer.
    37
  2283. They won't say recession because people would freak out and pull money out of their banks.
    37
  2284. Where's the money coming for all the washed out bridges, roads & infrastructure. Plenty of money for the MIC but f the people.
    37
  2285. I am glad I didnt go to Florida on a whim and rent a place. I think I would of been homeless by now
    37
  2286. This is very true. I somehow lucked out on genetic wiring that made me natural with financial concepts. Then went on to get a bachelors degree in finance and everything I learned was basically just second nature for me. I definitely don’t blame the majority of the population that struggles with these sorts of things and perhaps don’t realize they should be seeking out information and learning. I agree it should be introduced into curriculum starting very young for our children.
    37
  2287. Everything is a scam
    37
  2288. Love it that you have your Dad with you today Michael….your a good man 👍
    37
  2289. Zillow with their goofy "zestimates" and home flipping program helped inflate prices the past few years, they share in the blame for this whole mess
    37
  2290. I'm looking for a $5m mansion that's been 100% burned to the ground and i want to pay $10m for it. Man I'm a real estate genius aren't i guys?
    37
  2291. Yes, create as many road blocks for illegals as possible, especially hold employers and renters accountable. That said the US should have an efficient and we'll managed system to encourage legal immigration from our southern friends.
    37
  2292. MIAMI IS NOT PERFECT, BUT IT IS DEFINITELY WORTH IT!
    37
  2293. Renting imstead of buying can be a good way to save money in some cases, but when the chemisrty between the landlord and the tenant doesn't match it just sucks!
    37
  2294. The legality of the software will probably be determined in court when someone's turned down for a loan, sues, and convinces a judge that Sales Boomerang made the difference in being denied.
    37
  2295. Love the boat cruise idea. Would look forward to seeing the waterfront side of the homes.
    37
  2296. I’m a food runner at Wynn Las Vegas. Fine dining. People are still spending. Busy as hell, making hella money right now.
    37
  2297. I rented a studio apartment in a 11-story apartment building near a university. The rent was $335 /month in 2005. The university took over the building using eminent domain. Refurbishing the building was not tenable and it was to be demolished. Dorms were built on the property. I received $3,600 move out money and of course the full rental deposit. Some people were unhappy about being forced to leave but I was transitioning to a minimalist life-style. It was a great deal for me. I moved to Thailand and the retiree life. The dorms were so poorly built that mold became a problem and they had to be torn down. Law suits were filed. Look out for yourself.
    37
  2298. After a ridiculous insurance increase on my house, I was told the insurance companies Got Congress to pass a law making insurance a nationwide "shared risk pool". So, if you live in Colorado and your rates are going up at some crazy rate because houses are burning in California then welcome aboard, you're just as responsible for those houses as Californians and because of the "law", you can't sue. You're stuck! And insurance on electric cars needs a major reform.
    37
  2299. Another great video! These times should motivate people to live within their means, save, remove credit debt and find ways to increase income. This also means being uncomfortable for a little bit, but some can not make that sacrifice.
    37
  2300. I agree with you about stock market , problem is the govt has learned to manipulate the money and keep on kicking the can down the road with new ways to finance debt. When it crashes I feel the same it’s going to be a catastrophic event.
    37
  2301. Michael not only gives us the low down on the market; but also the dirty low down on the shark agents out to gain at our expense.👍
    37
  2302. 3,000 to 200,000 subscribers. Let's MAKE IT HAPPEN FOR BORDEBARO. ❤🎉 The man walks in 100+ weather for facts.
    37
  2303. I plan to take social security when I turn 65 in another 15 years but plan to stop working by 55. With the crazy inflation, my plans may change. No mortgage for 8 months now. Even without it though, property taxes, insurance and health care really eat up my salary. At least with work, the healthcare is partially subsidized. I am technically a millionaire from savings, 401k and gold/silver. It felt much better a year ago than now. I feel fortunate its just me and my mother is well to do with her finances. Can’t imagine being in debt with this scary economy. It’s a 1990 bad economy. 2008 and 1999 were child’s play
    37
  2304. Imagine taking on debt to go to Disney 🤦‍♂️
    37
  2305. Wait a damn minute.....ive been paying rent when i dont have to???!!!!
    37
  2306. In general ,people like Florida;the ones that hated it were in the minority.For me just not having cold, is enough .
    37
  2307. Before work from home was a thing, several studies show most workers only do 2.5 to 4 hours of work in an 8-hour work day. Working from home probably doesn't change this much.
    37
  2308. Price gouging is a REAL problem as well
    37
  2309. Man, I wonder if the proposed changes will start pushing people out of florida or really limit homeownership for current floridians.
    37
  2310. With all that traffic can you ever even imagine trying to get out of that place if there was ever a public emergency
    37
  2311. It's cool that you're getting some 1m+ viewed videos. I can see you hitting 1m subs not too far away. Thx for the great info and your hard work.
    37
  2312. My husband and I needed to relocate back to the east coast. We had offer by investor offering more than asking price. Instead, we were bent on only selling to home owners and went with the couple who put in an offer at asking. There was every intent on living on the west coast. We installed a new HVAC (sized correctly); new insulation; dry wall repaired and paints all walls and ceilings, all new plumbing, new dry wall as needed, completed renovated all bathrooms (high quality tiles and material used); completed all necessary roof repairs; planted and established 6 different fruit trees; landscaped, electrical updates, and other oddities I may have forgotten about. We made sure the house was in much better condition than we bought it and that everything completed was done properly. We should not felt right selling something we would not want ourselves. Up to a few weeks of closing we continued to make final improvements to the house.
    37
  2313. Thank you to our host for these walk-around outdoor segments. Greeting from Broward County Beach FL. Schools start next week Broward and Miami-Dade
    37
  2314. Same thing happening in AZ and TX. Prices have gotten so high. No longer makes sense to move there. The property Taxes in TX are insane.
    37
  2315. This is the reason why I've never wanted to buy a condo. I can't control the prices on HOA dues. In a detached home not in a HOA, my costs are more stable. I have lived in HOA neighborhoods in the past, and I even hated that......the karens were a pain in the ass. My taxes did go up 20% and my utilities 10% here in central Florida though. I paid cash so I self insure.
    37
  2316. How frustrating... Just when I thought I was getting closer to buying a place of my own, my options have become slimmer. As someone born and raised here, it feels weird being pushed out of my own home. I'm staying hopeful!
    37
  2317. Time has never been slower waiting for the layoffs to trigger a depression
    37
  2318. They call it the American Dream because you have to be asleep to believe it. - Gorge Carlin
    37
  2319. Given the average salary for a single person in this country, no one should expect the average 401k to have a balance that will do much of anything for them later in life.
    37
  2320. Michael Bordenaro tells it like it is, and he looks good doing it. :-)
    37
  2321. FROM SEA 🌊 TO SHINING 🌊 SEA 😊❗️ I really can’t believe how bad things are getting regarding all things Insurance. Happy to see that you made it safely to California. Have an awesome time while you’re here. Blessings, Carlos ✝️🙏❤️🇺🇸
    37
  2322. I love having my 26 yo adult son living at home! He moved back during the pandemic when he sold his condo. We both work from home in IT and the daily human interaction is what I needed anyway. He sponsors $$$ major home repairs. This past summer, he was thinking of buying a house but I convinced him to stay here and wait out the bubble. One house he had his eye on, and almost made an offer went down $30K the following week. I told him to stay here and save to buy a place cash when the bubble bursts.
    37
  2323. As they hostile take over the condo, life is made miserable to the remaining owners. They infiltrate the board and start making bad and expensive decisions to increase maintenance and make owners walk away. Instead of offering a decent payout, they run it down and get it condemned and make owners go broke and walk away. Once they get enough control, they will rip off the remaining owners for fun and profit. I wish there were laws in place ro protect owners from predatory practices.
    37
  2324. The problem with this is that it’s affecting a huge percentage of people that made good life decisions and aren’t to blame for any of this, whereas 2009 was only caused by a small percentage of people that made bad financial decisions. This housing bubble isn’t one that can take a few years to unwind. People are literally just a few paychecks away from not having food and being homeless, most Americans don’t have the savings to weather a couple of years of high rent without being evicted, even if they keep their job. An extra $500 a month you don’t have can eat away quickly for most people who are already overworked and overstretched.
    37
  2325. Property tax money in Texas is used to build football stadiums for schools among other things. Even if you don't have kids or kids in school you have to pay to school and provide football stadiums for everyone else's kids. Texas has some of the highest property taxes in the country.
    37
  2326. Michael.. love that you and Travis are doing these videos to educate consumers. ❤️ thank you!
    37
  2327. Michael, I just bought my Virtual A.I. girlfriend dinner tonight with my Artificial Virtual Money. I even left a very large Virtual Tip like I'm a Virtual Big Shot. 😂😂😂
    37
  2328. Lay away is how my parents bought me my first bike when I was five. I remember making monthly payments with them and the excitement of picking it up on my birthday when it was all paid off! This is a service we need again. Buy now pay later is just another credit card. Affirm, one of the largest vendors of these services, typically charges between 10-36% APR. 36!! Those are mob rates.
    37
  2329. Even supermarkets are using more self check-out lanes. One cashier replaces 7.
    37
  2330. Finally, a Bill is in Congress to kick the Institution Investors out of the housing market to improve affordability!!!! ( Real Estate, Dec, 8th, 2023 ) 👍👏
    37
  2331. California is the land of the fake! Florida is the best! Very laid back, and don’t need to impress!
    37
  2332. I was checking out St. Pete back in 2020 and saw the real estate dynamics there. It was morphing from the low cost Florida for retirees to expensive+overpriced. I crossed it off my retirement destination list.
    37
  2333. Except higher inflation, which will be under reported even more.
    37
  2334. Secret Santa is what my sister in law suggested we do this year so we only have to worry about getting 1 gift per family member in order to save buying Christmas gifts for all. I think this is a great idea so we can enjoy while not going broke
    37
  2335. the only place the money is going to go to are the lawyers and the government. it is essentially a fine, and fines are paid to the government.
    37
  2336. I understand your concept on paying for other individuals student loans. My question is this. Did you have the same reaction when your taxes paid for all the bank bailouts after they sold bad loans, crippled themselves and then immediately got million-dollar bonuses when the Federal money saved them? I'd rather pay for the 87% of recipients that make under $75k a year than pay for a rich swindlers next vacation splurge.
    37
  2337. We are 20 miles east of Tampa. We are hunkering down and staying put. With God's Grace we will survive.
    37
  2338. Thanks Michael for this discussion. It is better to buy an older home from someone who cared about the property and maintained it. Purchasing a property from the original owners is normally a better deal. Some are downsizing just for age and to be done with maintaining the yard etc. I have witnessed a home in my neighborhood go from being the most beautiful (garden of Eden gorgeous) and watching what happened when the owner died and his wife moved to another state to live with her daughter. It was rented numerous times and decayed with every renter. Now, it looks like a house of horrors! It's really a sad sight to see. It has such a huge beautiful back yard. All the beautiful trees, scrubs, and flowers are long gone.
    37
  2339. I own a waterfront home in St. Pete with no mortgage. Flood insurance is over $8,000 per year. The house was built in1955 and it's still standing. I'm choosing to self-insure, not only because I can afford to but also because I think eight grand a year is absurdly high, given the real risks and the limiting terms of flood insurance pay-outs (maximum amounts, gaming of claims, etc).
    37
  2340. The first 10 minutes of this video are true words of wisdom. Well done.
    37
  2341. The problem with banks doing this is exactly what you said. It will lower your total credit limit. If you have some balances on other cards it will increase your utilization and automatically lower your score. A lower credit score means, next time you apply for credit you will either pay a higher interest rate or not get credit at all. Now are credit cards, Next it will be the HELOCS
    37
  2342. Like I said before, 3 years ago, the homes here was cheaper and now the cheaper homes are expensive too. You could easily buy a home for a reasonable price, not anymore. There's new homes , villas now going for $360,000 - $500,000. There's no way, I would buy a home for $400K and the property taxes are expensive. This County here, one of the most expensive in this region. If you go to the next county, the property taxes are cheaper. That's where 2 of my family members moved too. They bought a home and acres for $200K ( 5 acres / 11 years ago ) and the other family member bought 30 acres and home ( 4 years ago )
    37
  2343. It is absolutely brutal out there. I am in my 50s and am hanging on, and everything Michael said is 100% true. People are losing work and I don't see how they are able to get by. I am hanging on but I don't know for how much longer...
    37
  2344. Besides renting one should not be embarrassed about owning a mobile home. A family member of mine sold his house in 2020, took the profits and bought outright a mobile home that needed some elbow grease for roughly 70k (and he owns the land too). He has fixed it up pretty nicely. He makes into 6 figures and since he has no mortgage or rent and no expensive home insurance (and no car payment atm) is able to buy stuff, like clothes or whatever he wants, goes out to eat all the time, etc. Essentially no stress. Hypothetically if he lost his job with such low expenses he could literally work practically anywhere at any salary and make do. Thanks to remote work as an option, that isn’t much of concern to not have some good paying options. Being stress free like that is no embarrassment imo. On a side note… If affordable housing is such a concern nationwide these days why aren’t we seeing a rise in mobile homes and the ability to more easily buy them? I know if you don’t have cash they are really hard to finance. That shouldn’t be the case imo.
    37
  2345. the thing with mobile homes is if you don't own the land the space rent just keeps going up and up until you are forced to sell for nothing then the park buys your mobil home and rents it out for big bucks it is almost the same thing as steeling but legal .
    36
  2346. I eat mostly at home because of the prices are outrageous for fast food now . The thing is the prices in the grocery stores are also outrageous . You go on Walmart in the food section it's like a ghost town . Nobody's buying anything it's too much money 💰. You have to be a selective shopper I see people pick up stuff look at it look at the prices and put it back on the shelf literally with fear in their eyes 👀. I know my prices on products in the grocery store . Seriously they're up 25 %to 65% ! There's definitely no shortage on anything people are buying very little products . All the shelves are filled to the gills .
    36
  2347. Your content is factual and makes sense. I don’t think you are aware that you are influencing as many people as you are influencing. I decided to hold off upgrading my home here in good part to the information I get from your channel. I decided to sit on the sideline as you suggested, since there is no rush or need to move. Keep up the great informative videos!
    36
  2348. 113K subscribers and accelerating. Truth has a mighty strong appeal. I remember 2007 - 2008 and people were draining their retirement funds. House poor and down. All the red flags are up, just like the last big bubble/debacle. I just keep paying off every debt (tactically thank you) and live far below my means. This time it is going to be so bad that survival will be the status symbol.
    36
  2349. I have a neighbor who is getting evicted for the very reason you stated, hes got gas food cigarettes and beer, but mysteriously no rent money. If he gets evicted will that show up on a background check and hurt his future chances of securing another lease? Cheers Michael, love the channel!
    36
  2350. We are getting crushed in Canada. Good time to be an Insolvency Agent.
    36
  2351. The wetlands and mangroves are natural areas that protect inland Florida from flooding but developers have destroyed the natural protection. It’s a given that this will continue happening but people will forget and move to Florida anyway.
    36
  2352. You are assuming that in Boise, they will even be able to sell that home. All this migration doubled our home prices in less than 2 years. Locals aren't just a little priced out, but A LOT priced out. With the wages we make here, the costs need to be near what they were before the boom. Our wages didn't go up, nor did that many new businesses move in. Most construction was just new homes. Good luck with selling that home at a 100,000 dollar loss. The migration is dried up, and you only have the local wages now and they can't afford those prices, even when reduced. Those people will be in for one heck of a surprise when trying to sell. People are even more strapped now then two years ago, because of inflation. I expect a huge crash in homes sales here in the coming years.
    36
  2353. Reporting from Miami. it's been raining non stop all day today. it's gonna get worse tomorrow. I feel bad for people in Tampa etc. Stay safe
    36
  2354. Oh crap! Michael actually has eyes behind those sunglasses. 😎
    36
  2355. 200k is closing quickly. Congratulations on the growth 🎉❤
    36
  2356. My husband and I had one and it was the worst investment ever. We managed to sell it in 2021 and will never buy one again. Associations are trash and you end up paying more on maintenance fees than the mortgage. There are always special assessments…It’s a scam
    36
  2357. I live in Maryland and the same thing happened to me with car insurance. I spoke with my insurance company and they said that nearly all insurance companies are operating at a loss right now and rates went up across the board across the state. So, having all of these people overpaying for cars which is driving up repair and replacement costs is affecting all of us.
    36
  2358. I sold boats in Florida and was so broke it got to the point where If they didn't ask if it had sank I didn't mention it because I needed the commission. When I finally escaped boat sales i had 4k in credit card debt. Don't trust anyone that works on commission.
    36
  2359. I owned a duplex for around 34 years. If you don't want to work on the place or don't have the knowledge to do maintenance, definitely rent. The only thing that I hired over those years is a new roof, a new A/C, and two new furnaces. All plumbing, electrical, and laminate flooring I did. My son-in-law worked in heating and air-conditioning so he got the units wholesale and installed them.
    36
  2360. All a realtor does is post ads and use a title company. Just use a title company and save money, don't use a realtor.
    36
  2361. I'm still moving down there, from Connecticut, the money that I'll save in property taxes, will pay for that wind and flood insurance, not to mention, no covid restrictions, better weather, and I'll be able to buy a Gun easier than Connecticut. I'll be moving down there in July.
    36
  2362. I couldn't agree with you more! I moved to Orlando 9 months ago and behind my house is railroad tracks and when I first moved their were a few people camping on the tracks with both tents and wood structures which can pose derailment issues! As the months went on there became more and more to the point I was honestly afraid to leave my home unattended as the homeless people would watch me leaving. These people were not going to jobs and just living there they were playing music all night, doing drugs, fighting, even threatening to shoot each other, also they would light fires and when the train would go by it would spread the embers everywhere so was afraid my home would burn also. I had to eventually contact everyone in government I could including the railroad company and no action was taken until I threatened to get the media out there to cover it, so it has been two months without the problem now and I enjoy my home so much more now. But I agree with you I pay $1,800 in rent, pay my taxes, go to work and I have the right not to deal with that situation, I do feel for some of the people but this is why the government needs to setup secure special areas for these people and as a tax payer not threaten my little peace of mind area I work hard for. Been watching you for years daily keep up the great work!
    36
  2363. ❌❌❌Why don’t buyers submit an offer of what they want to pay? Instead of waiting for prices to drop, submit your offer! That’s the best way to send a message to the seller. ❌❌❌
    36
  2364. They are way more concerned about keeping people happy and getting more votes next year. Everything else is on the back burners unfortunately.
    36
  2365. I won’t consider this a crash till I see homes under 2019 prices. Just cause there’s $10,000 price cuts on homes that are overvalued by $200,000 doesn’t mean there’s a crash or that it’s a buyers market. I’m seeing homes selling for $400,000 in my area that sold for $285,000 in 2017. This is a joke
    36
  2366. insurance is a rip off.
    36
  2367. My anxiety about a electric cars is if you happen to have something get underneath the car, and it damages the battery. If the battery gets damaged you can not fix it by law. So if your car has that issue, you would have to buy a new battery pack, which will cost tens of thousands. Also, what if the battery pack was damaged, and you didn't even know it had a problem, when it could turn your car in an inferno while your driving and you may not even get out of the car before you got burnt to a crisp.
    36
  2368. Walgreens is closing a distribution center in Orlando, laying off 300 people
    36
  2369. Happy Birthday Michael! We appreciate all you do, spend time enjoying yourself! <3
    36
  2370. I don't understand how much more the people /system can take this! How are people living!
    36
  2371. Good video. Unfortunately every decade or so there's a new younger generation that hasn't been burnt, so they make the same mistakes. Hopefully a few watching this channel will tread water and hold until the market clearly shows a turnaround. My biggest worry is that 2024 will be a bear trap as the economy will get juiced for the elections... with 2025 when the wheels fall off.
    36
  2372. Enjoy the scenery and the quiet.
    36
  2373. The crisis 2008/2009 was a nothing burger, at least in here in Germany, compared to right now. People are suffering under inflaton, what we didnt have in 2008
    36
  2374. The rent is too damn high!
    36
  2375. Very true, Home Depot in my area is very quiet, very few shoppers.
    36
  2376. Government spending goes into GDP. We keep funding these wars and GDP will rise even if the real economy has halted.
    36
  2377. One big issue in 2007/2008 crash was that people got loans who weren't qualified. There was too much money flowing from Asia and elsewhere into banks and other lending institutions and they needed to loan out the money. They lent it out to a lot of people that had no business getting a mortgage. And had crazy products such as NINA loans with "No Income No Assets" needed. Not surprisingly many people got in trouble, People should read the "Big Short" and "Too Big to Fail". And now they are trying to do flips again. Crazy.
    36
  2378. The “American Dream” has quickly turned into a money grab. Everybody from Home Depot, your local government, and of course insurance have turned your dream into their own personal piggy bank. Modern homes are generally poorly constructed and now severely overpriced e specially considering the taxes and insurance prices. Good luck to all of you out there, I am officially out of the market for the foreseeable future. My rent is only slightly more than what my escrow would be in my area of Florida.
    36
  2379. The assumption here is that the buyer's agent actually wants the buyer to get a lower price. I think you could negotiate better on your own. Quite frankly. My experience is that buyers agents want the house price too so they get more commission
    36
  2380. I agree. The real estate market can look a lot different in a year from now. Buyers should be patient. It always nice to have more choices.
    36
  2381. I turned 21 in the military because I was determined not to be a loser like my older brother who never left my dad's house. He is now 64, my father passed 10 years ago and he STILL lives in that house. He has no money to keep it up. He is grossly obese. Parents- kick the kid out of the nest!! Me- I got a STEM degree, net worth 7 figures. No time to lay on my butt.
    36
  2382. We are a society of rich and poor. Plenty of folks are doing great. Many don't have 2 nickles to rub together.
    36
  2383. 1.5M with barely a one car garage. And you have to do your laundry in that hot garage. That's insanity!
    36
  2384. Thank you Michael for covering so many details about the Housing Market and Economy and not like the News just speaking out the Headline: " High Interest Rates!! Buy now or never!" Thank you Michael for beeing realastic and giving us all the important information 😊
    36
  2385. I was looking to move to Florida. Affordability is out the window. Good luck people. Thanks for the video.
    36
  2386. As someone who grew up in North Miami, I watch your walks to indulge my hometown nostalgia. One of my teenage jobs was cutting lawns and doing yard maintenance in Keystone Point.
    36
  2387. If your making less than $125,000.00 yearly ? Move to anywhere in Florida from Orlando south at your own financial risk . It ain't cheap in the Sunshine State any more .
    36
  2388. Had a friend who did that. Bought a house in CT in 2005 for a little over a million dollars. Over the years he also put money into it and eventually he got so tired of pouring money into it he sold it. Fourteen years after he paid a million dollars he sold it for $835k.
    36
  2389. Some things to consider about a property near the beach are: elevation — if the living space is less than approx. 17’ above sea level, the mortgage holder will require flood insurance which is expensive, CMU or masonry construction is always better than wood frame for both potential wind damage and also less potential for termites. Elevation is also a factor in buying wind insurance which is always a separate policy in Florida and very expensive. If you can pay cash for the property you can avoid both wind and flood insurance. Metal standing metal roofs are also better in wind mitigation than tile or composition (asphalt type) roofing and are reflective in lower wind insurance premiums. Tile roofs are kind of a hazard, because if the tiles break off in a wind storm they become projectiles. You need either impact resistant glass windows or metal/lexan panels to cover windows/openings during windstorms. I agree with you about HOA for single family houses. Especially the gated developments which means that all of the roads are private and must be maintained by the HOA. Very expensive.
    36
  2390. I go straight to price change history before I even look at a house.
    36
  2391. I retired at 63, ten years ago. My wife retired as a teacher with a pension. We are living off our SS checks and her retirement. We worked our butts off to pay off her student loan $37,000, our mortgage, $48,000 and credit cards. We are living very well. We have been preppers for many years and have almost three years of food, water supply close by, and enough supplies to rewire, replumb, and repair almost anything that might go wrong with the house as well as a good stash of fuel, oil, filters, and basic car repair. We have, as a drill, gone a month without leaving our property and never missed anything. We have chickens and a neighbor is raising rabbits. We just purchased a freeze dryer, so we will be stashing a lot of that type of food. We have cash on hand to pay our taxes and utilities for more than a year. We have a car note, but at a very low rate, so we don't care. All this to say we are doing really well, but we've spent a lot of time getting to this point. Funny thing, though, when we paid off the student loan, mortgage, and a small personal loan, our credit score tanked. We are still in the low 700s, still, but we don't plan on borrowing much anymore. Our taxes for this year is $178.00. It actually went down from last year. We can go out and eat a few times per week, but the service sucks at the restaurants we used to enjoy. Also, the food quality borders on being dangerous. I guess the managers are trying to not throw anything away, even if it is bad.
    36
  2392. The reality is that some people should NOT own a home. They can't maintain it, pay the real estate taxes on it, keep up with the utilities, etc. Home ownership is not a "right"----it's something to be earned. That's the problem in the US today----everything is a "right" at someone else's expense. My parents both worked two jobs so that we could have a small five-room ranch (and, perish the thought----one bathroom for five people and then my grandfather who moved in with us when grandma died). My husband and I worked a variety of jobs, never took vacations, bought in thrift shops, watched our spending, and even postponed having a family until we could afford a small starter home---a four-room house. That's the problem today----the "let someone else" cover everything in life.
    36
  2393. In a gentrified neighborhood in Orlando. Retails suddenly stopped moving here. They're staying vacant for MONTHS! Landlord's greed trumps common sense. Unemployment keeps increasing.
    36
  2394. eh, people will foreclose because of the income losses, banks will feel overleveraged with properties on hand and government once again reward financial institutions for failures with tax money. I am having slight deja vu feeling, didn't we recently have something like this happen? anyone can remember?
    36
  2395. Yep, I pay more in taxes and insurance than anything right now. I'm a Denver native and our city development has stressed our powergrid out so much utility bills are in third place. There is high homeowner turnover here, one house on my street has been sold three times in the last 5 years, it's more than interest rate.
    36
  2396. We need higher rates and should require more down. Short term thinking is why we are in this mess.
    36
  2397. I started a business 2 yrs ago & now making 25% more than working for the man ! Now it cost me 40% more to live WTF !
    36
  2398. Michael, it looks like a lower middle class neighborhood and prices are over $600K! Now, I understand why there are so many homeless people there.
    36
  2399. Yep!!! SPOT ON! I'm heading to the Philipines as soon as I wrap up some things here! GOOD BUY AMERICAN PIE!
    36
  2400. I learned a very hard lesson when I bought a home in fort Lauderdale in 2005 and ended up having this short sell it in 2008 for 40% less than I paid for it. It took me almost 7 years to recover from that nightmare. This time I saw it coming. I sold my home at the top of the market a year ago downsized to a nice 1200 square foot condo in a 55 plus community. It was a fixer upper I got it super cheap as I bought it directly from the owner with no realtor for cash. Made a huge profit on the sale of the house, remodeled the condo and stuck six figures in my retirement funds. I feel really bad for people who bought between 2020 and now.
    36
  2401. In past RE cycles, typically when mortgage rates shot up, prices dropped to match the what the monthly payment was when prices were higher and rates are lower. It made sense that if you buy (at the LOWER PRICE), then wait it out, you should be "sitting pretty" after a refinance with the reduced price. That's the logic behind the refi later advise. This time however, rates have skyrocketed and for the most part, prices are staying SKY HIGH such that buying now is a losing strategy.
    36
  2402. Michael you’re the man 🐊😎 I’ve decided to take it a bit easier in life. I can be pissed off and not be able to afford anything or I can try and be just be happy and still not be able to afford anything. I’m going to try and start thinning positively! Your videos are great man. I like how you give facts behind everything all of your opinions.
    36
  2403. Developers know that until January 2025 will be their best time to buy old condos in Miami. Condo owners face paying a large amount of money to get their condo reserve up to the new mandate, which many simply cannot afford. I predict a very large number of old condos being sold to developers between now and January 2025.
    36
  2404. I worked 2-3 jobs for years in my 30’s to keep my house. That was in the 80’s and ppl didn’t make very much money then. Owning and maintaining a home is not for lazy or thin skinned ppl. I’ve always had a savings account and lived on a budget.
    36
  2405. I live in Hobe Sound ! It's a great place to live but the prices are outrageously expensive .... a tiny cinderblock house is $400,000 and even I who make a good living can't afford $3500 a month in mortgage. The developers here are horribly greedy. They just keep building houses and ruining the 'laid back, small town' feel and turning it into West Palm / Fort Lauderdale sprawl all for the CASH. They dont care about community building. Every bit of green is for sale to be developed. In two years this place wont be recognizable. Its a horrible shame what developers are doing.
    36
  2406. Thanks for this content throughout the year. Happy Thanksgiving to you, Lizzie and family.🦃
    36
  2407. There’s something real sinister coming. Like an ominous looking storm on the way. Idk I just got this feeling and it’s been keeping me up at night.
    36
  2408. My HOA told me what kind of blinds I could hang in my windows. It is nice to exclude agent fees from the value of the house to reduce property taxes.
    36
  2409. I don't think I'll ever retire 😪
    36
  2410. As a retiree, I find I have an extra 40-hours a week to spend money.
    36
  2411. Taking the kids out to dinner at a restaurant where you don’t carry your own tray to a table probably costs $400
    36
  2412. With rising interest rates, property taxes and homeowners insurance, you need a HHI of nearly 150-200k to afford that house for 655k. You literally have to have your finances right.
    36
  2413. Folks,buying a house is really simple,just follow the golden rule and you won't go wrong. It's 20% down and your monthly payment should be no more than 1 weeks salary. If you cannot swing this you're looking at a house that's more expensive than you can afford.
    36
  2414. Them hiding the price history is DIRTY....super dirty, That was the first thing I would look at while investigating a property...
    36
  2415. Squatting is a big thing in Spain now, there are companies that take out squatters out of your property for a fee.
    36
  2416. Absolutely scary that your home WILL be taken if you don’t pay your property tax in the states you listed. Thanks for the work, Michael.
    36
  2417. Stimulus!!!!!!!!!!!! Nothing like being robbed blind and getting 1 percent back
    36
  2418. 8 miles south of Boston: Here it’s rare to see a legal American working in any box store
    36
  2419. While we’re banning China, put a moratorium on institutional or private investment until the market gets back under control. Subsidizing those that are a high risk borrowers may have sidelined me permanently. The insurance is the final nail in the coffin. I see the Govt using eminent domain and seizing all property that doesn’t meet whatever the carbon standards are set forth for that day. Jamie Dimon is already talking about it.
    36
  2420. Overnight, Condos became a money pit trap that is probably going to be hard to get out of.
    36
  2421. No down, an even more unaffordable monthly payment. What a deal! The problem is hyper inflated prices, not down payment or interest rates.
    36
  2422. I was in the same situation Michael. I'm 23, always been single, a Minimalist, Received Associates degree in Automotive, and 70% service connected Air Force Veteran. And just moved out of California recently and moved to Arkansas for a start. Slow and easy. Moving and starting young is easy with very little responsibility, and very little furniture, LoL. Thanks
    36
  2423. Thank you to our host for this outdoor walk-around tour and presentation. Always learn a lot. Couldn’t get out of my parents’ house fast enough at age 18
    36
  2424. The idea that it's more beneficial for the city to evict and make people homeless rather than allow a "zoning" violation is beyond stupid. It's criminal!
    36
  2425. I am so sick of Walmart. All we have is a Walmart, and a local grocery store, and some DG, and family dollars. I would rather pay a little more and get my items delivered from Amazon
    36
  2426. Jack and Michael - the collab I didn't realize I wanted until it happened, and I couldn't be happier it did!
    36
  2427. Bring it on. It can't get any worse for first-time buyers.
    35
  2428. If a company is not satisfied with the remote work situation, we won't work for them.
    35
  2429. Honestly, they should just release a single PSA for everyone to turn on their notifications for Michael Bordenaro😄
    35
  2430. Yes, if they don't return to work they will lose their job. Michael you have been saying this for awhile and absolutely correct. Days of demanding what you want from your employer are over. Welcome to the real world! Unemployment ticking up. Weekly jobless claim just in 220,000. Another great video Michael, thank you. Hope you and Lizzy enjoy wine country.
    35
  2431. Same thing is happening to people who own mobile homes in mobile home parks. Its a sad state of affairs
    35
  2432. Thank you for your video, Michael! 🙌🏼 Why is the government allowed to engage in predatory lending?! This is exactly what happened in 2008. The American government encouraged banks to approve loans that would normally not have been approved. It’s preying on people who hope and who, because they don’t fully understand the consequences, are momentarily thrilled because they have been approved and accepted that all reasonable and cautious judgment goes out the window. Moral hazard. Our government is keeping it alive. Unreal.
    35
  2433. I use an electric car every time I golf, they're great.
    35
  2434. Before WWII most of us were renters and we got along fine. I live in L.A. Bought many years ago. At this point it’s wise and smart to stay a renter during this inflated mess we’re in. High mortgage, changing property taxes, insane homeowners insurance, monthly gardening, household maintenance, upgrades all cost through the roof now. The trades are charging insane prices to fix plumbing, electrical, roofing. I just got an estimate to put in a wrought iron gate 6’ wide with an entry gate. $6200!!! Basically $1000 a foot! If I were in my 20s 30s I wouldn’t think of wasting my money on a house. Owning rather paying the bank for 30 years with interest in order to own it is overrated and a waste of money. You basically pay double what you initially bought it for. Id rent and with the savings invest and in 20 25 years retire well and travel instead of retiring in house you own, but are stuck still paying out those costs to keep it., not to mention you can’t get up and leave.
    35
  2435. It is nice to have a paid off house. No more monthly payments.
    35
  2436. Move here. Stop complaining. Learn how to drive before moving. Don't like it, the border is north!
    35
  2437. I've seen real state bubbles booming and bursting in different countries over 3 decades, including my country. When too many rich people buy real state as an investment and prices get too high for the average family, this is when the problem begins. At the end of the day, someone has to live in that house for the investment to pay out, an empty house is a problem for the investor.
    35
  2438. Happy Sunday, Michael! As always, I enjoy your episodes, and I appreciate your impartiality, honesty, and transparency. Politicians, regardless of party affiliation, should take note. They all need to learn from and follow Michael's truths and knowledge. Have a great week!
    35
  2439. It's really irritating that it's taken most of my life to get to a place where I could "afford" a fancy car. But now that I'm more rational, I realize that to be truly worthy of $100K+ luxury cars you should have enough money to pay cash for it and destroy it the next day and go buy another one. That's the level of money you really need to justify a huge expense like that. Being able to afford a $2k+ car payment is a totally different scenario. If you have to sacrifice a bunch of your income every month to it, just buy something sensible and use the extra money to build more wealth. $2K a month will buy you a property somewhere that pays for itself and increases in value over the long term
    35
  2440. People didn't want to belive that home prices will fall in the future. But now they can see it with their own eyes!
    35
  2441. Dude I can’t believe how many times I have seen people buy a place in 2021 or even 2022 and try to double their money. The greed blows my mind
    35
  2442. Mike, I really look forward to your daily report, content, video and all the above. l know it takes a great deal of your time to dig in and collect all of this info you provide and appreciate you so much. You have a great personality and voice which makes listening to you very enjoyable not to mention all the knowledge. Just want you to know you're doing a fantastic job from my perspective. Never stop what you're doing..!!
    35
  2443. I don’t think they were trying to sell their shampoo and conditioner, that was their polite way of telling you. If you take it home with you. They’re going to charge you $25. 😂That’s why at Disney World they have all the shampoo and body wash locked up in the shower. Even at the deluxe resorts. I used to work at a resort, and the amount of stuff that people try to take home with them for free Is ridiculous. I stop using air, B&Bs, because all the fees are outrageous. I would rather stay at my favorite hotel chain, And collect my membership points. Plus get a free breakfast. The last time I stayed at a residence Inn by the Marriott. I got a full kitchen. A nice updated room, maid service, and they even had free hors d’oeuvres around the pool from 6 to 8 most days. $125 a night. Signed me up!
    35
  2444. I'm from the Midwest and I think that we're not even near the bottom here. It hasn't begun here . This market nationwide has a long way to go down . I agree with you michael this just begun . I love these people at national association of realtors. They are way off with their predictions.
    35
  2445. Part of the problem IMO is that the condo board isn’t qualified to decide on huge maintenance issues and they don’t want to raise the fees to cover big maintenance jobs. The vultures know this. They just circle the skies before landing to eat the carcass.
    35
  2446. I've been watching St Petersburg like a hawk since November 2021 and the foolishness is over. Fear has spread like wildfire and there are no buyers left at nearly any price point.
    35
  2447. My friends were renting a 570 SF apartment in Miami for $1300.00 a month in 2021. They moved to the metro Atlanta area in January, 2022 and now rent out my newly renovated 1,038 SF basement apartment for $650.00 a month (including utilities). They have their own private driveway, garage, covered porch and a small fenced-in yard. They are loving it, and as a recent widow I’m grateful to have friends nearby.
    35
  2448. Layoffs are most definitely spreading from tech sector. Someone I know works for a small insurance company that works with small businesses. Couple days ago she was told to choose between being laid off or to take a pay cut in half as a part time employee. Sounds like it’s just the beginning.
    35
  2449. Don’t even react to the fools that say you are doom and gloom. It’s plain common sense. Those are the ones who have nothing saved and the first ones waiting for a handout.
    35
  2450. I am trying to be a first time home buyer by 50😂😂😂😂😂
    35
  2451. Don’t forget; now that taxes and insurance has skyrocketed in Florida, snowbirds will be selling their second home in Florida, and pay rent for 3 months… and it’s still cheaper than owning. My friends are doing it, selling their house and renting a month to month place.
    35
  2452. Never underestimate fear! I have visited high rises, always feel relieved when exiting, now in a rural single story house on reinforced concrete slab on bedrock, I am owner inspector and maintenance crew, trusting no one fully, especially from government agencies and contractors!
    35
  2453. The amount of homes I see going for sale that were purchased just in the last 2 years in disgusting. Obviously these flippers were piling on during short supply and trying to make cash while people were looking for an actual home to buy. Do not buy from these people, let them take a loss on the way down now.
    35
  2454. Unfortunately, a phrase from the great depression is becoming true. "Your only friend, is your dollar bill." BTW, same job 35 years. Pension promise was $1600 a month plus benefits. Wound up with $354.80 total, no benefits. $211.43 is government pension loss insurance and $143.37 is insurance annuity, which was almost lost in the Great Financial Crisis of 2008. Put money away now. Trust me, your going to need it. Don't buy ANYTHING you don't need! Advice from a 71-year-old with a sore tail.
    35
  2455. this is why insurance is a scam.
    35
  2456. When I first saw this horrifying news this morning after the initial shock my first thought was "I hope Michael the real-estate guy is okay." Glad you're okay and so so sad for everyone that was affected.
    35
  2457. What a wonderful walk and talk video!😊
    35
  2458. NYC has major shop lifting issues,CVS, Walgreens and Duane Reade pharmacies are pulling out of high crime locations!! We have BAIL Reform in NYS so shoplifters are just given appearance tickets... with seeing NO jail time!!
    35
  2459. I was a potential buyer but I need to see if I even have a job within the next months. I am in tech and that is dying
    35
  2460. Keep up the great job, Michael!
    35
  2461. I hate to say it, but insurance companies are not coming back. Insurance companies only insure those they basically don't have to pay out on. I used to work claims and left because they are so dishonest. There is a lot of fraud, but insurance companies have fraud divisions. The main reason for leaving is the huge housing cost to replace increases coupled with people's inability to pay premiums high enough to cover those costs and keep profit margins high enough. Same with auto insurance, too many accidents in FLORIDA. Insurance companies cancel those who have accidents. They are like mofia......it's just business
    35
  2462. They may get the $1.4M+ for these homes, but a high percentage of them will eventually go into foreclosure.
    35
  2463. My husband said it rained every day between 3 - 4pm. He hated how hot it was in FL. His family lived in the Keys. His parents still have their home in the Keys but live in TN most of the time. In my state we get the entitled CA people. They act worse then trailer trash. I understand why CA is so trashed in certain areas. They have this rapist mentality of not respecting boundaries and privacy. I understand different areas have different mannerism but yikes. We get NY people too but they don't seem to be any were near as bad. I'm just glad the cold temps keep most people away. We had property taxes go up in July. Our electric bill has gone up even though we haven't changed any of our behaviors. I think the car insurance is still the same. I think the home insurance might have gone up a little. The biggest price increase we have noticed is the grocery bill which everyone is feeling.
    35
  2464. This could be the biggest housing crash of ALL TIME.😅
    35
  2465. Home Depot stock is too damn high!
    35
  2466. Love it that you get family members to walk with you while you podcast
    35
  2467. People are gonna have to shack it up in a 3 bedrm with 3 families to survive. Gonna test the friendship bonds for sure. 🥳🎉😂❤
    35
  2468. Taking a 94 year old lady's Home is ..Criminal !!...Our country has really Lost It's Way !....Another Great Video, Michael, Thank you..
    35
  2469. Houses are sitting for sale and not selling in my neighborhood in Texas.
    35
  2470. Your situation at that time of being mentally gone from Illinois is the exact same thing I'm currently going through. Mentally, I'm already gone from new york and I'm already mentally focused on moving to Florida.
    35
  2471. My HOA got sued by our former HOA president! He was pissed that we voted him out so he went after us. Too bad for the HOA officers who also got sued individually by him unless they paid $4,000 to settle out.
    35
  2472. Michael I live in Illinois and NONE of us are recieving Zero Dollars. They must be giving it , to their families and friends , Up in Chicagoland . That's what they should be saving that money for Emergencies Only !!!! Last week at the Dentist , I had to pay $740.00 for a Crown . Dentists are very Expensive !
    35
  2473. The interest rate is not the problem. ITS THE PRICE OF THE HOUSE AJD THE QUALITY OF THE HOUSE
    35
  2474. U ROCK !!! Some people have sold their soul for some money which they will loose we are all on the titanic … Prince said in the song” your better off checking your souls alright”!
    35
  2475. Here's the economy on the food side... I had two sliders and a cup of coffee and it was $20... Northern Michigan
    35
  2476. Man. I hope so. This is getting crazy. I wonder if what we are seeing is the crash? Is the housing market just going to be frozen like this for the next 5 years until wages catch up with prices? I hope not, I want to see crazy price declines. The only price declines I’m seeing is on stuff that no one would ever live in for even half the price of what they are asking.. Your videos are great man 🌟
    35
  2477. Some of us refuse to be taken advantage of by these super overinflated prices, doubling in two years. No thanks.
    35
  2478. Texas roadhouse does absolutely no advertising. Their prices are insanely affordable and the one by us is always packed after 3pm. And the food is actually good
    35
  2479. Florida! Born and raised! Florida means a sense of freedom to me. 🐚🌞💖
    35
  2480. Fedex and UPS to rebrand as Fedup
    35
  2481. The Commission should not be more than 1%. The buyer has to pay his 1% commission and the seller has to pay his 1% commission.
    35
  2482. The interest rates are not the problem. It's the home prices
    35
  2483. 34 trillion of war Casualties While the rich and politicians benefit Unnecessary greed
    35
  2484. I'm an insurance agent, they will definitely suspend your license for not having insurance, especially in Florida, the worst thing is you canceled the coverage and you're now in a lapse, so very few companies will insure you, and the ones that will are really expensive. My department specializes in coverage for lapsed policies, I don't even blink at quoting 6 month policies over $10,000, and I've quoted many of them well over $20,000 for an older driver with 1 accident that was dropped by their carrier. It's getting insane!
    35
  2485. I really enjoy the variety of topics you cover while sticking to the same basic subject. Not repetitive or boring as so many channels become. Nice job. :) We still have ice, can send some your way 🤣
    35
  2486. You guys are a great couple. Wish you Many years of joy ahead. My wife and I are at 30
    35
  2487. I knew a man in Boca who had USAA since his ex father in law was Air Force, and every time a hurricane hit, without fail, he put in a max claim for $750 in "perished food." He had an apartment sized refrigerator and didn't lose a dime. He put in 4 claims in one year and collected $3,000. No wonder it's such a sh*t show in Florida.
    35
  2488. My friends apt. went from $1100 in 2020 to like $1650 now, and that's in the midwest not Miami. People are in for some tough times next year.
    35
  2489. Right now, parents are spending money on their kids going back to school. ❤
    35
  2490. You may own gold, silver, and real state, but that won’t help save you from a Mad Max-style societal breakdown.
    35
  2491. I live in the Sacramento valley. Redfin estimated my home value at 550k at the peak. I looked at the history and it shows that it peaked a 48Ok. They are changing numbers around inorder to make losses seems smaller than they actually are.
    35
  2492. Another advantage of living in N. Central Florida is the lower risk of land falling hurricane storm surge, wind and flooding, low home insurance rates, taxes and cost of living. We didn't even have any TS force winds with TS Elsa last week. Along the coast, they had flooding, 65mph winds, power outages and just a big mess. That is why I choose to live inland Florida. I can drive to St. AUG beach, Daytona or Flagler Beach anytime I want. Mount Dora, Eustis and Lady Lake are a few other lovely towns near Ocala.
    35
  2493. Stopped eating that fast food shit 25 years ago
    35
  2494. The new Toyota Tundra is priced 25% higher for the 24 model year over the 23 year. BUT, they are discounting it 10%. Plus it has a new turbo engine that is already a failure. They were hoping you didn't notice. FJB and F Toyota and their greed. We are keeping our old trucks. I own two homes- both paid off and drive a 2005 Truck- also paid off. Loans are SCAMS. Pay cash for what you can afford.
    35
  2495. Mike. I watch almost every single video you post...one of the few channels I picked up over the last 5 years that I have continued to watch...because your content and delivery is awesome. Thanks Mike and keep doing what you're doing.
    35
  2496. It's a competition. People are leaving CA too. Sick of all the BS here..homeless, crime, taxes, illegals., prices, etc Gavin ..😂😂😂
    35
  2497. I sold my house this year and live in apt with cash in the bank waiting to see if house market corrects but worried about my money getting trapped in banking failures as I wait.
    35
  2498. I graduated from Melbourne High in 78. You should have seen that area in that time. Palm bay we used to call Bombay I can't believe people pay to live in that humidity
    35
  2499. In Indiana the median house price is $250k. To afford that with today’s interest rates you need more than $70k. The median salary in Indiana is $53k. In October 2023 the median home price in the USA is over $412k. To afford that cost you need more than $100k. Closer to $125k. The median salary in the US is $74k. Not sustainable. Not at all.
    35
  2500. I feel TOWNHOMES should have been included too. The difference being that townhomes allow a front-back dwelling minus the shared hallway.
    35
  2501. Sure prices may come down, but we may just see higher lows year over year. Homes are still ridiculously overpriced!
    35
  2502. Changed my own oil today with the Kirkland Costco oil that was on sale. A win-win
    35
  2503. Looks like you brought the heat with you
    35
  2504. The most devastating experience with a business we ever had was the bait and switch scam. Quoted us $12,000 to move us across country. On moving day they said we had more than the estimate showed so raised price to $23,000. New owners were moving in the next day, so we had to pay. We deducted the moving expenses on our taxes (this was 2016) and were able to recover about $9,000. A very hard lesson.😢
    35
  2505. I have access to the numbers at the #2 lender in USA. More than 50% of all loans for last 2 years have been either VA = $0 down, FHA = 3.5% down, And 2-1 Buydown loans (like Nick said short term ARMs). I was a lender in 2000-2012 Basiaclly these 3 loans have replaced the subprime crises. I say a day of reckoning is coming
    35
  2506. Truth Matters!
    34
  2507. The insurance, taxes and HOA fees are too damn high.
    34
  2508. Commuting from the panhandle to the East coast of Florida also entails a time change. We in the Panhandle of Florida are on Central Time. Don't everybody forget to change their clocks tonight unless you're one of those special few.
    34
  2509. My ex-girlfriend’s sister lived in a condo building. Drug dealers took over the lobby. The association was forced to hire security. Their HOA fees shot up from $300 to $700 per month. She couldn’t afford the increase. Then she couldn’t sell it either because of the high HOA fee.
    34
  2510. We’re skipping Christmas this year. No spending. The statistics being shared by the media are fake. Inflation is at least 30%. The chicken in my freezer from August cost $6.50 per package. The identical package today costs $10.00 at Aldi this past Sunday. Living on my savings at the moment
    34
  2511. Get rid of stuff..having a garage sale!l can help...a little. Please keep the pets. People are abandoning them.😢
    34
  2512. You need to do big group walks with everyone wearing the glasses and beaters.
    34
  2513. Respect for keeping it real man 💯
    34
  2514. You always make me feel better about my situation. So many are going to be devastated in this perfect storm. Get out of debt people before it's too late.
    34
  2515. I had a friend who defaulted on their loan back in 08-09 because they were upside down on their loan, so they stopped paying. it was almost 2 1/2 years before they got to their house. They banked all the money while living for free waiting on foreclosure.
    34
  2516. If I can't afford it I don't buy it . I haven't used my credit card since it was at 3 %😮
    34
  2517. All those insurance execs are living in Miami they need the money!
    34
  2518. I was actually at my bank today arguing with the financial guy about why I am not willing to play Russian roulette with my money right now. I said I am 100% risk averse in this economic environment and that little 5.3% CD looks awfully sweet. And the interest gets added to my checking account every month. You can tell that something is going to crash really soon. These housing prices/intrerest rates are not sustainable. Not to mention you can hardly afford to buy food right now. Stay safe and wait it out.
    34
  2519. Thank you for the reassurance. I, too, beat myself up pretty badly for missing my opportunity to buy during more ideal times (e.g., when interest rates were 2%). At that time, my finances were a HOT MESS. But now, I have used these more perilous times to get completely out of debt, build my emergency fund, and invest. Currently, I am much more confident about sitting out on the sidelines because I know that when the right time comes I will be in a much more stable position to comfortably and confidently afford homeownership. FOMO does not even tempt me a little bit. Use this time to continuing educating yourself and improving your circumstances so that you are ready for ANYTHING in the future!
    34
  2520. Microwaved food is not good for you.
    34
  2521. A lot of the homes being flipped for quick resale during the housing feeding frenzy between 2020 and 2023 with that cookie cutter cheap wood linoleum, coat of fresh gray wall paint and white trim, and so forth, are hiding serious issues just beneath the surface. The whole offer, inspection, and bidding war process was so rushed that people didn't have time to think it through. A great rate on a bad house is still a money pit.
    34
  2522. I wondered how long it would take for you to recognize and give some attention to the squatter movement. Maybe it's being overblown by the media, but this issue seems to be huge and growing. I keep hearing and reading squatter story after squatter story. And as a single person who travels frequently and does not spend a lot of time at home, it's just another factor in the back of my mind making me reluctant to want to buy a home. Imagine coming home from a trip and finding a gang of crack-heads living in your house!! And yes, there definitely is a political component to it. As houses (housing in general) becomes more and more unaffordable, I think squatting will become more and more common, and more and more bold, brazen, and violent. And power-hungry, anti-law & order, socialist-minded politicians (a.k.a. Democrats) will seek to capitalize on it. (Social justice!!) The Democrat Party has gone criminally insane, and they are trying to drag the whole country there with them!!
    34
  2523. Florida is a terrible place to retire now. The worst part for senior homeowners is house insurance. Not only have the premiums sky rocketed and continue to do so, the companies threaten to cancel policies if homeowners don't replace a perfectly good 7 year old roof or re-do a carport or whatever else the insurance company feels like demanding. Then, top it off with companies fleeing the state and the choices for insurance are minimal so they are free to hold you hostage. Retirees now have to plan on house insurance and property taxes and at least 15k to 20k every 7 years to replace your roof and then whatever else they come up with to demand of you and that doesn't even include your normal maintenance. But, renting is not really an option for many at the current prices either. It used to be feasible to pay off your home and live in it until your death even if you only had a small social security check and maybe a tiny pension (total under 2k per month). I've had several relatives do it. But, it appears those days are waning very fast. I don't know if it will be possible for me even though our house is paid for. What about if one spouse dies and then there's only one fixed income? Florida is a nightmare for seniors on fixed incomes now. Where's the new retirement mecca because it isn't Florida anymore?
    34
  2524. California homes are just ridiculously expensive! I’m so happy that I got my current home 10 years ago for only $375,K on one acre. I could sell it for double the price right now but why would I? Thank you Sir for another awesome video today. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    34
  2525. Sell expensive food, lose customers, and win a prize.
    34
  2526. Hey Mike N Lisi. Glad you made it west. ❤
    34
  2527. The problem is that roof repairs are not pro-rated, which is a invitation to fraud. A shingle roof should be valued with a life of 20 years. So if your 10 year old roof is damaged and needs replacement you would have to pay 50% of it. That is why Florida roofers try to get people to replace their "damaged" roof , so the owner gets a new roof for free , even if it is 15 years old. Assignment of benefits to construction companies and fee multipliers for lawyers just added fuel to the fire. Lawyers have huge financial incentive to fight everything in court. This problem does not exist elsewhere. Texas, for example does not have the fraud issues that Florida has, even though they have hurricanes, floods tornadoes etc. Maybe people in Florida just want socialized insurance, (Citizens) run by the government, as they have a problem with profits.
    34
  2528. Thanks, Michael! Junior was a nice addition.
    34
  2529. I live near Sedona. Nobody will take the government cheese and give up their air bnb. Their rent schedules bring in 10-15k per month. Everyone knows you will somehow lose your private property rights once the government gets involved in your business.
    34
  2530. I love this channel. This guy is just straight to unbiased facts.
    34
  2531. Money, greed and power combined are a colossal disaster for mankind!!!
    34
  2532. I live in an ocean front condo in Daytona Beach. Fortunately, our building was fully renovated two years ago and we have a lot of money in reserves. But one thing he said made me remember something I told my wife in 2006. They were tearing down mom and pop motels in Daytona and building high rise condos everywhere. I remember telling my wife it is going to end badly because these were half-million plus condos and they were going up everywhere. I told my wife, " There aren't going to be enough rich people around to buy all these new condos". I was right. If they start tearing down old buildings and putting up new 3/4 million dollar condos by the thousands who is going to buy them? You can build them but there still aren't enough rich people out there wanting to buy them. My guess is a lot of buildings will be torn down and left as vacant lots. Developers aren't going to build new high rise condos if there aren't enough people out there wanting to buy them.
    34
  2533. My sister and her husband don’t care. I tried telling them to wait another year for lower prices but they said they need a house now and they are done waiting. I’m assuming a lot of people are in their shoes with this. They both make over $100,000 per year and are getting a $400,000 home with a pretty chunky down payment. They don’t care about the 6.5-7% rate they will get
    34
  2534. A local man 70 yrs old just got arrested for robbing a bank,, this is so sad to me
    34
  2535. I have a hard time feeling sorry for an investor that can't rent their house at 35k a month and have to drop it down to 25 k. Welcome to us lower folk.
    34
  2536. Shoplifting and crime in general has been incentivized by the federal and many local governments.
    34
  2537. The 2 certainties used to be taxes and death , now 1 certainty , taxed to death !
    34
  2538. We just received a 20% increase on average on our multifamily insurance renewal, which means more rent increases to cover the insurance increases.
    34
  2539. After a long day at work, all I need is a video from Michael and some rest on the couch! PS: The shirt fits you very good Michael 😉
    34
  2540. Michael, you said it just when I was thinking it. I would love to know how many of these people who are paying these car loan payments are the same ones that feel they are deserving of student loan forgiveness. My husband and I paid for our loans, we paid for our children’s college, and we live within our means. I’m sick of paying for people who won’t take responsibility for themselves.
    34
  2541. Due to getting closer to the end of the month and the long Memorial Day weekend, JUST in Oklahoma City. Over 400 evictions on the dockets this week and judges are spending less than a minute per case.
    34
  2542. FHA loans, low interest rates, arm loans, no interest down loans, were all touted as ways to make home ownership more affordable and widespread. It is having the opposite effect. All these things have artificially stimulated the housing market driving prices through the roof over the last 20 years. The more the government tries to "help" people, the more it creates an environment that hurts them.
    34
  2543. I just had a meeting with my property/landlord attorney of 20yrs. He could not stop talking about how hundreds of properties his clients owned as rentals had tens of thousands of dollars in deferred maintenance due to Covid. And they all sold in bidding wars during 2021. He said many of these had roof failures, plumbing and electrical failures and still went over asking. These folks are honestly just complete fools.
    34
  2544. Keep on doing what you're doing Michael. We all need the important information you provide especially for Florida residents. Thanks 👍🏾 😊
    34
  2545. Putting price tags on commonly stolen hotel items is reverse psychology so people dont steal stuff. Also gives prior consent to charge credut cards if people take stuff.
    34
  2546. And then it’s going to crash. A lot of foreclosures are coming our way. A lot of people are on a mortgage forbearance.
    34
  2547. We have lived in Florida for 45+ years and have driven ALL over the state including Du-ne-din... we started out in Boca.. moved to Wellington where we raised our children❤... the funny thing is as you get older.. the things you loved and enjoyed at age 30-40 start to change.. hence why we currently reside just north of Clearwater(Tarpon Springs area) ... and soon to be residents of THE VILLAGES... and this will be where we live out the rest of our years lol... love being surrounded by like minded and age qualified residents lol... and trust me when I tell you that at our age.. after eating dinner and 🕺dancing 💃 for 4-5 hours we are ready to head to the house and hit the couch exhausted😂... best of luck on your journey to find the next area you call home... life is what you make of it no matter where home might be.. we wake up every day being thankful and blessed to be healthy and another beautiful day on God's green earth.. so as always enjoy your journey and thank you for taking all of us along.. Have a fantastic day and God Bless🇺🇸
    34
  2548. If they don't drop you the rate increase is astronomical. Sad situation some can no longer afford to keep their property. It is criminal you are correct. Thank you for reporting Michael.
    34
  2549. I did construction for years in Vegas & you won't believe how poorly homes are built & how bad crime is in huge areas of Vegas. I've seen new homes in nice areas where the worker's put their trash inside the walls & drywall over it & all the way around the house. Some guys would even take a piss in a cup & put it in the walls because their mad about low pay etc. Block walls filled with rocks not cement etc & capped off to look right etc. Walls that crack up later, windows that can't even open & it's a new home & walls filled with mold on older homes but the owner stain blocked it & painted over it to cover it up so be careful buying a house.
    34
  2550. You are correct about renting versus buying. Renters tend to make a direct comparison between rent and mortgage costs, without accounting for insurance, property tax, repairs, HOA fees, utility costs, and maintenance costs like grass cutting. It is much more expensive than people think it is to buy.
    34
  2551. Go where you are treated the best! I left the U.S. 10 years ago. Moved to Costa Rica.🏖 And, bought a beachfront home, it cost about 1/3 the cost of a similar home in Florida. I am accumulating more wealth, while family members of means, are struggling in the U.S.
    34
  2552. Sellers are still living the delusion. If all they are getting are lowball offers then they ARE’NT low ball offers they are the market price like it or not.
    34
  2553. Bought my primary home for $350k in 2013 and sold for $650k last December. I also sold a bunch of rental properties which all about doubled. Sitting on a lot of cash and waiting for the market to turn. I also moved from PA to SC to lower my cost of living and get a pay raise.
    34
  2554. Oh my!! The picture without the shirt!!! Hubba-Hubba.! Lol! As your “older” poster, it made my day! And then you still come out and still do these videos for us. I think most will agree with me that we come here each day to hear your take on the market. Your grasp of the market is right on the beam. Take care and swift recovery. My bet is that you will recover faster than the market.
    34
  2555. The housing market values are increasing here in Ohio but so is the property tax !
    34
  2556. One of the greatest quotes ive ever heard was from Robin Williams. " i used to think growing old alone was the worst thing to ever happen to me. Now i realize that growing old with people who make me feel alone is the worst thing to happen to me". I think about that quote every time i cut another person out of my life.
    34
  2557. I was staying in Asia last year for 5 months since I was laid off and wanted to take some time off. Parts of America are worst than these so called “third word countries”
    34
  2558. I respect a man who honors his wife. :)
    34
  2559. Spot on, my unemployment expired a couple weeks ago and I'm still looking
    34
  2560. Look how many listings are in Monroe County (key west and other keys). A lot of the properties bought for vrbo & airbnb setting empty. I will bet money many of those with mortgages on them are in default. Owners hoping the property sells before it gets foreclosed on.
    34
  2561. Homes are no longer considered a priority anymore! Many people are now living in RVs and their full size SUVs! It is called downsizing!
    34
  2562. Michael, CONGRATS on 95k!!! 🎉🍾🎈 I can’t wait to see your 100k YouTube Play Button! Well deserved!
    34
  2563. The seller loved how the buyer treated the home while they were renting for several years so much they sold the house directly to them without a mortgage company
    34
  2564. Housing needs to be smacked down. Bring on the 10% interest rate!
    34
  2565. Florida Real Estate: GAME OVER!
    34
  2566. Most people over extend themselves if you don't know how to adjust your finances to inflation, you will be in trouble.:hand-orange-covering-eyes:
    34
  2567. I’ve been living in most of Florida for most of my adult life. I agree with most of your presentation; however, the beaches of the Jacksonville area are highly underrated, particularly Atlantic Beach and Ponte Vedra Beach.
    34
  2568. the problem is that the builders will either appeal or go bankrupt and the owners will get nothing. I dont know why the city got away with having poor inspections like that
    34
  2569. 50% price drops, coming soon to a city near you.
    34
  2570. I have noticed when I go Alberstons grocery in the little town I live they watch me like a hawk! I feel so uncomfortable, but I figure thefts must be going up a lot.
    34
  2571. Traffic sucks in Orlando
    34
  2572. I worked for a supermarket they went up every week and never went down the energy cost made everything climb.....
    34
  2573. I agree with the stats on the dishonest sellers. Last 3 homes I looked at, all claimed no issues or to not be "aware of" issues only to pay for inspections + termite to find not just one or two little issues but MAJOR from termite ridden to crumbling foundations already previously known because you could see the patched up old repairs. Just want to Vader choke the hell out of these idiots. Like how in the world can u sign that crap KNOWING I'm going to find out at inspection u lying? They dont care just looking for a SUCKER!
    34
  2574. Remember the President mandated the US Postal Service buy millions of dollars of EV to deliver mail despite their protestations. I guess they will not be using them much in the North.
    34
  2575. I still prefer water and food over gold and silver. In a SHTF scenario, I think water and food would be more valuable.
    34
  2576. A realtor here on YouTube made his clients sign a disclosure during the FOMO that he let them know their home could go down in value should the market change. Now that the lawsuits are flooding in, he doesn't look so crazy.
    34
  2577. I am 34 yo and I use cash. I actually have my cash itemized to groceries,pedicure,gas,date night etc.. I tend to spend less by not using cards. I see money disappear in my wallet so I stop spending when I am already running low. As a result debt free except mortgage which we are targeting to pay off in hopefully 5-7 yrs🙏🏻
    34
  2578. My agent here in Las Vegas had my best interests in mind. Even though I qualified for up to a $250,000 loan, we looked at properties that were in the low $200's. I wanted a 2 bed, 2 bath property and we couldn't find anything that met that criteria for under $200,000. My agent spent a lot of time researching properties all over town that were the lowest in pricing and even picked me and drove me to see each property. I was thoroughly impressed with her professionalism in ultimately getting me a townhome. I'm glad I decided to buy rather than continue to rent.
    34
  2579. The rent is too damn high!
    34
  2580. Sold my condo last year, very happy I got out when I did. Renting now until we find something to buy, definitely not another condo! Thanks for the vid...looking forward to watching it.
    34
  2581. Got a condo in St Augustine. I’ve been all over Florida, almost all you mentioned. St Augustine is the best. Great choice!
    34
  2582. Congrats on 200k. You're getting the 'algorithm's' attention.
    34
  2583. Congratulation to 200 K Subscribers on YouTube Michael! You added so much more to my knowledge about the housing market and the economy and helped me a lot by making the right decision!😊
    34
  2584. The worst part about this crypto-esque housing crisis is that if you look at every house for sale it was literally just bought for 1/3 the price 5 minutes ago. You’d have to be a sucker to pay what everyone’s asking for
    34
  2585. My girlfriends sister got told this morning that her job at Google is gone February 28th. Her whole department got the ax.
    34
  2586. Oh, thank you Michael for taking me back to Laguna. Moved away from OC 3 years ago. Miss the mountains and beautiful weather, but sure not the politics of CA.
    33
  2587. Well, after 4 single-family homes, we have now been living in this condo for two years and so far we absolutely love it every single day. The upside is that we no longer have to deal with yard work, tons of trees, weeds, pools, guest house, Etc. And so far the repairs have been much less than in a home. Definitely agree with all that you say however Michael, but so far our neighbors in this development, which is admittedly over 55 which is what we wanted, are almost non-existent and it's quiet and beautiful. I hope it remains that way. I do have friends that lived in condos however and they had to deal with the boards from hell. If you get an obnoxious or power-hungry person on the board, it can be intolerable.
    33
  2588. I wish I could give this video 10 thumbs up. Great job bro
    33
  2589. I’ve been dying to buy a house. I’m a newlywed and haven’t been able to buy anything since the market is trash in Illinois. We’re trying to bide our time but it’s frustrating 🙇🏽‍♀️
    33
  2590. I grew up in the Orlando area and It's okay and there are pros and cons like many places. However, things have changed over the years. What's cheap for a transplant can be expensive for a native. Many transplants or people from the northern states can own a nice luxurious house for an amount that a native can't afford to buy. I prefer the four seasons up north than the summer heat in Florida. Whenever I am ready, I will move out. For those who love to live in Florida, good luck and enjoy.
    33
  2591. It’s unconscionable how high the price of homes are. This can NOT last!!! No one can afford them!!
    33
  2592. The next few times you read a news report about a local crime, Google that person's name with "PPP". Specifically when you read about gang arrests. About ten percent of the time, you get a hit that the criminal also got a 19K loan as a sole proprietor and the loan was forgiven. The fraud was rampant. The 200 billion figure is likely well understated.
    33
  2593. I’m looking to payoff my mortgage in October 2024. Can’t wait.
    33
  2594. They went on vacation… it’s not that important to them because it won’t affect them. It’s by design.
    33
  2595. No pitty for target. They can go with their agenda
    33
  2596. 🎉🎉🎉 Hey 👋🏼 Michael. You always deliver your content in a very relaxing way. I really appreciate how you film your videos with the breaks showing your surroundings and your demeanor. Keep on keeping on my friend. You know that I always watch all your videos. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    33
  2597. I care and I refuse to be taken to the cleaners on overpriced 50 year old junk. The regret and pain of over paying is going to epic, but you can't fix stupid. Sometimes you have to just step out of the way and let stupid crash and burn.
    33
  2598. Cant wait to finally move from New York to south Florida by November. I’ve been planning and researching for years. I’m 21 and will have about 15k saved by the end of this year thanks to my career. Finally will start my new chapter. 2020 is the year! 😊 🥳 -Be well and be safe everyone!!
    33
  2599. A great vid. Yes, stop moving down here folks!
    33
  2600. Corporate greed is definitely an issue here in Australia Michael 😮
    33
  2601. It's just a blessing watching youre favourite Youtuber after such a long day at work. Love youre Videos Michael keep going!
    33
  2602. Keeping my $1000 car forever
    33
  2603. If you don't feel safe walking the neighborhood, you probably shouldn't buy there. 🤣
    33
  2604. I just love to start the weekend with a Video of my favourite Youtuber!😊
    33
  2605. There are very few YouTube channels that I watch consistently. Even fewer where I never miss a single video and also watch every single one to the end, without fail. Your channel is one of those few, Michael. 👍🏼
    33
  2606. Not just housing, but the labor market as well. Kind of hard to buy a half a million dollar home in Florida when your competing for a job that doesn't want to pay more than $11 an hour (i.e the state min wage) including professional jobs that require a degree like a school teacher or LPN. As you mentioned on here in a previous video, school districts in Florida are unable to find teachers because the cost of housing has exceeded the salary range for college educated professionals.
    33
  2607. The American consumer debt picture 12.5 trillion in home debt 1.5 trillion in student loan debt 1 trillion in credit card debt 1.5 trillion in auto loan debt Not counting medical bills or other payment plan items No small wonder AirB&B is a bit lean right now.
    33
  2608. I heard the story with a lady lost her property over $3 that she didn't realize she owed.... I believe it was also in that state. There's a racket with the officials and their cronies when people cannot pay their taxes...😕
    33
  2609. I hope they keep raising the rates by 75 points at a time. Im loving the crash in commodity prices for an upcoming house build. High rates only affect those who are leveraged out of their eyes in debt and deserve whats coming to them
    33
  2610. As much as I’d like to come to Florida, that home insurance corruption keeps me on the sidelines :(
    33
  2611. This is great and will allow more US residents who need homes to actually be able to purchase them. Right now buyers are competing with international investors who pay cash and over asking. Didn't Canada instill a similar law?
    33
  2612. House taxes have gone through the roof!:hand-orange-covering-eyes:
    33
  2613. Feel like I lucked out last summer, got a great house in my town walking distance to all my kids schools on a cul de sac in a half million+ neighborhood for under 375k. We have a massive yard, privacy, great neighbors. Also sold my townhouse that I got for 150k in 2007 for 221k, so automatically made back the 20% down-payment on my current house. Also my home has gone up in value hovering between 415 to 430k on redfin. Also my 30 year loan is sub 5% whoch is higher than the 3.15 I had in my condo but it's still affordable enough for me to lay down 3 extra payments per year, don't want a mortgage after the age of 57.
    33
  2614. Unless they didnt give you the rules before moving in - you have no reason to object. Otherwise, don't BUY the house.
    33
  2615. As a family with one income and two kids, I can promise the child tax credit will go only towards groceries. Mine are 9 & 13 with expanding appetites, our grocery bill weekly is double what it was in 2020. Before you ask "Why only one income?", it's simple. When my son was born in 2010, childcare for just him would have exceeded my net income; one of us had to stay home. The child tax credit will certainly not be wasted on those of us with kids.
    33
  2616. Buy whenever you are ready. Hold for 10+ years. Relax.
    33
  2617. I moved a lot of businesses from an office to homes a few years back. Some were so eager to get employees back in the office. Now that work is going away a few have given up the office and went home based again. Most have done a lot better working from home, it is so much cheaper and more productive. Interestingly here in Miami I see restaurants packed with customers. I rarely eat out and when I do it is always at a buffet. Any place with a menu is a no-go for me.
    33
  2618. I will likely never commute to work again. I have one of those IT jobs that can be done from home. My employer is only 20 minutes away buy the client is in Kentucky while I am here in Albuquerque. I remember how terrible my commute was just a few years ago. Never again. I’ll walk down the road to flip burgers if my line of work was more than 30 minutes away. So much less money spent on gasoline and car ware. Also quite a bit more sanity.
    33
  2619. Buying land in Peru, just gonna build a home or two over there. I'm fed up with this place. $3000 USD a month in America and I'm barely "ok", whereas just $200 USD a month in Peru and I'm living lavish with my family.
    33
  2620. I watch for 60% for the topics you discuss. 30% scenery and 10% your soothing voice as I multi-task online.
    33
  2621. Tsunamis aren’t really a big concern in California, you’re kinda reaching there lol. Not comparable to Florida hurricanes
    33
  2622. Happy Thursday Michael and Lisi 🙂 A year ago I down sized and all my utilities and cable/Internet are included in my rent. Had to make changes to afford things.
    33
  2623. I always look at the sales for the properties and I would never buy something from A flipper I don’t trust that I’m actually getting a good market value price
    33
  2624. No PMI. Wow, how strange.
    33
  2625. I don't read through the comments and thought you were exaggerating the push back. I was wrong 😂 idk why people get so twisted about your analysis but believe everything they see on the news. Its bananas 🍌🤣
    33
  2626. I am so grateful I bought my house years ago. I couldn't afford to get into the house buying market in 2024.
    33
  2627. Spot on Mike. Another silent killer is the new property tax assessment on the sale price...BOOM!
    33
  2628. Family from up north told us today they found a discounted AIRBNB in Sarasota ,FLA . 4 weeks starting the third week of November. 4 weeks, luxury gated resort , 3 bedrooms, heated pool,spa and on the beach.. One month ago they wanted $5,500. Yesterday, the same condo owner dropped the rent to $2200 as they had no snowbirds wanting to rent for the winter months.
    33
  2629. Subway is under a boycott. That's why they are doing bad. Hopefully, they will go out of business soon.
    33
  2630. As a fellow realtor (22 yrs) I'm impressed with the excellent info you share. Also it's really nice to learn about the Florida market by an individual rather than the agenda pushing media.
    33
  2631. When I sell a house, I pay a flat $400 listing fee to be on the MLS and offer 3 percent to the buyers agent. Been doing it for years- nothing new to see here. I don't need the gubbermint to decide for me what to do. As you mentioned before, this is another law that will have NO EFFECT on prices at all. FJB.
    33
  2632. MB is our real estate detective and is exposing all these ridiculous lies!
    33
  2633. I’ve had 2 neighbors who retired early. One, his wife dumped him and he couldn’t longer afford his apartment so, he moved in with his mother nearby. The other got sick and died. I can tell you that one of the major problems with this sinking economy, is people predating the nearest warm body. While the first neighbor never asked, it felt like he was hoping that we’d start dating, in part, so he’d have a place to live and I just inherited a house. The other had a family and she wanted me to be her free caregiver. I also had another neighbor “friend” who was helping sometimes, to clear the clutter from the house I inherited. She accepted compensation of just going out for meals. But, it wasn’t until later I realized she’d “decided” she was moving in with me. It is desperate out there. No friend is a true friend. They envious of what you have. They intend to use you, take from you and likely discard you. They become angry when you can see them and the only good part, is that you will be “friends” no more.
    33
  2634. Don't change a thing michael, keep doing what your doing.
    33
  2635. Increased Consumer Spending = Last years $5 hamburger is this years $9 hamburger. Total Fiction!
    33
  2636. any company that out sources jobs from US consumers need too be BOYCOTTED, PERIOD!!
    33
  2637. When did everyone become a millionaire? We got regular ol 100k trucks and standard 1m houses… who the hell is actually going into debt for this nonsense?
    33
  2638. Rentals in Phoenix valley are much cheaper than buying. A $500k 1800sqft-2000sqft home is renting for ~$2300-2400/month. Buying the same home would cost $3000/month with $100,000 down and a $400,00 mortgage. You can keep $100k in the bank, have zero in repair costs and save money right now by renting.
    33
  2639. GREED! pure and simple😢
    33
  2640. The low inventory argument only holds true until people need to sell their house because of some financial problem and they will cut their house price to sell it quick. And it starts there just like a bank run.
    33
  2641. Some areas may be approaching pre pandemic levels, but I hate to say in my area it's not yet even close. Homes that would have sold for $250k pre pandemic are still asking $325-350k. I hope it makes it here, as this market used to be one of the more stable ones. It went nuts the last 2 years, and hasn't really come down much. Crossing my fingers though....
    33
  2642. In Japan they have 60 - 100 year mortgages for years already. You purchase, and your children finish paying off.
    33
  2643. Haven’t lived in Florida in about 20 years but IMO you cant go wrong with the gulf coast (Tampa to Naples). I personally prefer Sarasota but I’ve also lived in Pinellas County. If I had the money and either didn’t need to work or could work from home Boca Grande on Gasparilla Island is my favorite hidden gem. It’s in between Sarasota and Ft. Myers.
    33
  2644. I love the walks & talks! Keep telling the truth Michael! Your delivery is awesome so your message gets though to all of us! Pay off debt, save as much money as you can & most importantly, don’ stop praying!
    33
  2645. Use to live on Miami Beach, sold the property and moved to our other home in Ocala to start the retirement process. Paid off the mortgage, both cars and zero credit card debt. That is 50% of retirement planning, no debt. Move to a lower cost of living location. These are the necessary items you must do.
    33
  2646. One of my coworkers sold his house to opendoor 2 months ago. They relisted it on the market 2 weeks later for about $20k more, then it just stayed in the market for about a month and a half, it just sold for $9k less than what they paid my coworker. I hope they get stuck with all the homes they bought. Let it be a lesson, keep your greedy hands off the real estate market.
    33
  2647. Even buyers like myself who saved up a great down payment and were starting to look seriously are backing out as well. Who knows if me and my lady will even have a job to pay the mortgage. At this point it's almost like, which house can we buy in cash and plant a garden? haha.
    33
  2648. How many people signed up for $700+ mo car payments? How many have $1000 cellphones? How many paying $100 mo streaming? How many getting Starbucks?
    33
  2649. When they change the definition of recession that tells you all you need to know. Listen to your gut.
    33
  2650. $ 704 monthly HOA SICK
    33
  2651. The government is the reason we are in this PROBLEM.
    33
  2652. It's amazing how blind some people can be. Another superb video. Thx Michael!
    33
  2653. I sold 2 homes in Palm Beach county. . I am renting for a year. Rent still high but not bad . I don’t think it makes any sense to own in Florida any more. I have been here for 20 years. Used to be nice
    33
  2654. Michael the weather excuse doesn't work in the midwest this year. This has been the mildest winter i can ever remember. Haven't had snow on the ground in weeks.
    33
  2655. 33 is young. Go for it!!
    33
  2656. Thank you Michael for making this important video. I purchased my 2nd house at the age of 32 & when I turned 40 my house is paid in full. I've seen people get home equity loans for cars & vacations ( totally nuts ). I never put my home up for collateral or any kind of risk. Love your videos sir. Stay well & be safe, TMP from N.J.
    33
  2657. One glaring example of pumping free money into some thing shooting the price up would be colleges and universities. The federal government hand out so much money for people to go to college it encouraged all those colleges and universities to raise their prices that much and more. Depending on the college or university you choose over the last 40 years prices have gone up anywhere from 150% to 650%.
    33
  2658. Can’t get insurance so forced to pay cash and not everyone can do that. More renters than buyers.
    33
  2659. And it won't be the last bank to fail !
    33
  2660. I'd be interest in how many of single family homes have more than one generation or more than just the one-generation immediate family living in them. Not that long ago, one adult could afford a home and take care of the kids. Now, we have two working parents, with fewer kids, having to support them all and have a house. After ridiculously low interest rates for over 10 years, I started to see adult children having tolive at home longer, and/or moving in elderly parents, and/or adult children and the grandkids moving in. These are just some examples. With COVID, it's become more pronounced. There should be some data on how many multiple income earners are living in one home.... and how that effects home prices.
    33
  2661. Michael, your videos are more intended on the educational merit for the common man and women. Your ability to share a vast amount of knowledge with the public reinstores my confidence in the honesty that few people have. You should be referred to as a professor of honesty and common sense. Students pay enormous amounts of money for classes in this country that do not come close to the educational level you provide for free.God bless have a happy,successful 2023 and many more.
    33
  2662. Having every new house governed by a Homeowners Association (HOA) presents a significant concern. While HOAs can provide community guidelines and maintain shared spaces, some argue that they limit individual freedoms and add financial burdens. Striking a balance between communal order and personal autonomy becomes crucial in addressing this issue.
    33
  2663. I was in the mold business for 30 years. Sellers lie all the time. Beware of scented candles. And drive by inspectors.Never use the realtors recommendation 💰💰💰
    33
  2664. Part of the problem is that taxes on labor are just way too high. Take the $75k-$100k example you had … accounting for 10% payroll tax + 10% state tax + 25% federal tax means he makes an extra $25k x 0.55 = $13,750 per year. It’s probably a lot more overtime & stress too.
    33
  2665. 20 years I wanted to move to Florida, but now have reservations. Seems like Florida is getting very expensive.
    33
  2666. This remote work nonsense messed up the entire cost of living paradigm. A NYC salary should support an NYC life, not a small town Iowa life thereby displacing natives and pricing them out of their ecosystem.
    32
  2667. Massive layoffs and hiring freezes are happening and will mostly likely will continue throughout 2023. Living well below your means saving for the future will be what is crucial to get by during these trying times. The housing market and auto industries outlook is very dire. Best wishes to all and be thankful for people to whom are trying to get the word out. I appreciate your videos.
    32
  2668. 2009-2012 was a generational buying opportunity. If you were too young or missed it, well, them's the breaks. Similarly, 2020-2021 was a generational mortgage opportunity, it's gone every bit as much as the 2010 housing crash. Here's the moral of the story: seize the opportunity when it's there because it won't be there forever.
    32
  2669. School spending is out of control. Greedy public employees.
    32
  2670. The government is honest and the economy is awesome 👍😎❤😂😂😂😂😂
    32
  2671. I love your wife extending her hand to pet the kitty. ❤
    32
  2672. And the way it works is these people that ignore the crocidile warnings are the first people to complain when a croc bites their leg off.
    32
  2673. This also reminds me of when my sister in 2006 (who never held a job) got a loan on a complete piece of crap home (1 bedroom, all original from the 1950s) for 180k when her husband made about 40k a year. The crap the agent told her was outrageous and the twist: The agent was a family friend who was at my sister’s wedding 2 years prior. The woman was a vulture with tattooed makeup.
    32
  2674. 🌴🌴🌴 Once again I’m so glad that I never bought a condo in Florida when I was looking about 7 years ago. Thank you Mike and Lisi 😊 Tons of love and respect, Carlos
    32
  2675. Michael, while you have an excellent point about paying cash for a house, I also am seeing a ton of instability in banks and wild inflation in our fiat currency, so believe those that are paying cash might be putting their savings into something they believe will survive the financial crisis. This is bigger than FL - I suspect it is international, though obviously worse in some countries and areas than others. Time will tell if my theory is correct... more bank failures will prove it.
    32
  2676. A good rule of thumb regarding scams: nothing good in life ever comes to you. Treasurer is buried and YOU need to find it.
    32
  2677. I question every time I shop on whether the vendor or business is falsely inflating the cost of their goods and service and the hard part is we don’t have a true base line to compared prices from to determine whether we are being duped. I guess we can just assume every one of them are using inflation as a means and justification to increase pricing…
    32
  2678. Problem with Florida, is they do not allow a homeowner to.put there own roof on their house and that makes it expensive. I replaced a roof in Michigan once. Stripped 2 layers, replaced wood, reframed the chimney, put ice and shield on the whole roof and used 30 years shingles. Cost me 650 for.materials, 400 for tools, of course materials were cheaper then. I also took the old shingles to the dump. Took me two weeks and pulled a permit. But 1100 for everything is a far cry from 55k.
    32
  2679. Even if you can make the mortgage payment, etc . now . How long can you do it on a SS check before taxes , home owners Insurance and utilities go up and price you out of the house anyway ? Not even mentioning repairs and upkeep .
    32
  2680. Come on man; most Winter days in Florida are gorgeous. I've been through 18 of them in Miami Beach. Sure we can have a cool snap for a few days once or twice a year, but those are just opportunities to air out your condo.
    32
  2681. What’s different this time is that companies like Black Rock on behalf of the Fed’s is buying up real estate all over USA offering 20-50% over asking price, outcompeting the average citizen. Black Rock has already purchased more than 20,000 homes in Florida alone.
    32
  2682. Taxpayers have to remember when the city, school, country has residents vote on a bond that a bond equals a tax increase. Bond = Tax Increase. Be careful what you vote/wish for.
    32
  2683. Moved from Queens NY to Florida....Best moved we ever did.. love the people, weather, activities and my house...
    32
  2684. With mortgages above 7%, investors will get crushed. High rates, plus high insurance rates, carrying costs Become prohibitive.
    32
  2685. Those millionaires are living way beyond their means.
    32
  2686. Robin was like that, a regular guy, very neighborly. We used to live around the corner from him and his family in Seacliff, San Franciso, in the mid 90's. We'd wave at him playing with his kids in his pool as we walked by his house on the sidewalk and he'd wave back.
    32
  2687. IMO owners in these aged buildings should count their blessings when they get a generous buyout offer (vs a huge $$ maintenance assessment). It sucks to be forced to move for sure though, but these buildings and everything in them have life spans....
    32
  2688. Postponing problems is the way American politics work. There are no more politicians thinking 10+ years ahead.
    32
  2689. Gold and silver are holding up fairly well. It's a good Friday Great content as always Michael 👍👍
    32
  2690. Copper wiring is now at a historical high.
    32
  2691. Thank you for the helpful and thought provoking content Mike. You have really grown as a YouTuber and I enjoy the information and rants! :)
    32
  2692. Buffalo just got a few feet of "climate change" dumped on them. lol
    32
  2693. Thank you Michael. Really appreciate you for keeping us informed.
    32
  2694. It's just nuts. These homes are so expensive, yet very few of them are even near jobs that would get you enough to pay that much. And if you work in one of the larger cities where you could make enough, good luck w/ your 3 hours commute.
    32
  2695. Your picture quality looks great!
    32
  2696. I get 3 emails every day from my mortgage company, begging me to take out a HELOC. I'm currently in a 2.25% fixed mortgage, and my home has gone up over $100K in value since I purchased it in 2016. I'm not a terribly smart guy, but I ain't THAT dumb, either! 🤣
    32
  2697. I would work 100 hours a week before I would let myself get evicted
    32
  2698. This is very similar to the 2006-2008 housing crash on loans. Yup the past is repeating itself.
    32
  2699. Another great real world scenario that no one would think about in advance. Always keeping us thinking about "curve balls" that could hose us.
    32
  2700. Millennial here, set to make 110-120k for next year, paid off my student loans, just turned 30 and still at home. I guess its different in my culture, Hispanic parents, for the most part do not care that you're at home as long as you contribute toward household expenses. I hope to have $80K-100k between my savings and an individual brokerage account by the end of next year.
    32
  2701. Plot twist: Michael tells us at the end he owns all those boats as his rental properties and he was out collecting his monthly checks.
    32
  2702. When chasing dreams becomes a nightmare, it's time to begin living with reality. Many of us middle class baby boomers learned to live without. We didn't buy the next best thing. Goodwill was my Target. We drove the same car for 10 years. We did not remodel our homes every two years. My millennial age daughters who make twice my best salary are fortunately frugal too. Got to stop living pay check to paycheck.
    32
  2703. "1.2 million for a piece of burnt bacon" LOL. A nice walk and good conversation.
    32
  2704. Florida, the land of overpriced property.
    32
  2705. I have to admit that sometimes it's nice to go to a restaurant for Thanksgiving & let someone else do the cooking & cleanup. 🦃
    32
  2706. Renting has its advantages. We sold our home prior to the 2007 crash (was a student of Robert Shiller of Case/Shiller index) and read his papers in early 2004 that a housing implosion was coming, So we moved into a rental house. Dodged a bullet and repurchased a home in summer 2010. 😊
    32
  2707. Bro this is so spot on. Anyone that bought in the bubble will say your wrong but your not. Realtor in IL and when I see people buying houses for $425k that were bought in 2019 for $230k the writing is on the wall...market is drunk and the party will eventually come to an end as all parties do. Not everywhere is going to crash or anything but things are going to change and it may seems a little drastic in some places but that is only because the values were so massively inflated....if it goes higher for next 6 months it will just retrace harder....cyclical.
    32
  2708. WHAT?!? They're still not paying for their student loans? Unbelievable.
    32
  2709. I’m 48 and I’m not buying houses either. I’d rather buy land, put a trailer on it and d build the house yourself. Honestly it is a drive through price. It is easy to to just build it yourself.
    32
  2710. As always Michael its an absolute blessing to sit down and talk with you! Hopefully many more times in the future.
    32
  2711. I feel like people who are buying right now are asking for pain
    32
  2712. I still believe that all Real Estate will fall in prices coming this fall and going into next year. I also understand that there are certain areas that will be the last to fall like Miami,Nashville,Santa Barbara……. But EVERYONE will be effected when TSHF. A huge bad depression is guaranteed to happen. Thank you Michael. Blessings, Carlos ✝️🙏❤️😊❗️
    32
  2713. My mom wants to downsize and sell her 4 bedroom, 1 office house she bought in the 80s for $85k but it doesn't make sense for her to. She could get like $360k for her house here in Irving, TX but rents are still around $1.5k+ a month and small houses are also the same amount. Her house is paid off so she just pays her $4.5k a year in property taxes. So it doesn't even make sense for her to downgrade either. That's ANOTHER issue in the housing market. Older folks that want to downsize to free up these bigger homes for new family......can't.
    32
  2714. finally a youtuber who tells you the answer right off the bat. honesty is nice!
    32
  2715. The problem with getting employees in SF, is traffic, traffic, traffic. It's just nuts. And the $8 toll, at least. Forget about it.
    32
  2716. Michael,.....sometimes I think you worry about how stupid and irresponsible people are with their money more than they do. In the modern world, most people get bailed out somehow, someway, by someone. These types of people always seem to land on their feet,.....while the people who actually pay their bills are more and more feeling like SUCKERS !!.
    32
  2717. If a job can be done remote, it can probably be offshored unless one is highly specialized and/or considered an 'asset' to the company. Lots of companies will simply replace older/higher paid remote workers with younger, malleable employees. Age 50+ you got a target on your back.
    32
  2718. Imagine your condo in 10 years costs what you own what. The board says what you pay. ! A condo is a high class trailer park …
    32
  2719. I gave up buying a home. Happy to rent and save 10's of thousands of dollars. The investors can keep the houses and pat themselves on their backs. I refuse to stretch myself to buy a house and make insane monthly payments for the next 30 years...
    32
  2720. Personally before I move anywhere permanently I would live there for a year and see how things actually are this way if you don't like it your not committed
    32
  2721. I think Florida will be having a major shift soon, one way or the other. Our average wages here are so low compared to the recent huge increase in the cost of living, it’s crushing people. Last night I saw another local Facebook rental page filled with people literally begging someone/anyone to help them find any place at all to live that they can afford. I’m also relatively sure I saw the first sign of investor dumping in the neighborhood I’m using as my model to watch. Two identical models for sale on the same street, for the same price, posted at the same hour. Just a hunch…
    32
  2722. Great metaphor Mike. Sad but true in both cases. Some people are very negative, and they get out here on social media just trying to upset everyone. Don't listen to the haters. You've helped me much more than you know. I would have bought a condo in Pensacola and really lost sooo much money. You saved me from that fate. Thank you. Really. You're the real deal, and you help a lot of people
    32
  2723. I think this guest really gave a very accurate explanation of housing,rental situation
    32
  2724. Constantly amazed that the vast majority of folks seem to be oblivious to any of these economic conditions pointing to problems ahead. Enjoyed the nature walk to day!
    32
  2725. Can’t believe how quickly and how much housing prices have increased all across the states. I think the pandemic DID speed this situation up.
    32
  2726. Happy Birthday to Mrs B. 🕯
    32
  2727. If you want a good government we will need a new one. If we got together we would have to all agree to the rules.
    32
  2728. The daily walk with Michael is very appreciated despite the fact that I'm not in florida nor in the market for a house
    32
  2729. I believe that this is really where the shortage will be. Food shortages are coming. Stock up right now. Prices are not going to come back down. Food is a necessity
    32
  2730. Germany housing is collapsing just as it did in 2007 and 08. It will be 12 weeks before arriving here as well.
    32
  2731. You can't trust them to be honest about rentals, how can you trust them to be honest about houses?
    32
  2732. Thanks for your work and words, Michael. I predate you. Back then, the so-called colleges and universities offered fewer worthless degrees than now. We were told, "Work hard, enjoy your family and weekends." For the majority of us, that worked. Now? Thirty years ago, many young people were told, "Follow your dream." (No kidding, that was considered life advice.) And they did. [See the recent article: ‘Follow Your Dreams’ and Other Terrible Career Advice - WSJ] Those people are trying to raise kids, and the kids see that even if they work hard like their grandparents who got engineering degrees and get paid well, all of their taxes will go to bad ends. I can see why they're saying, "Why exactly should I work hard again?"
    32
  2733. I think people are just dumb. They don't want negativity, so they ignore all the warning signs. The housing crash is for sure coming, and people need to stop spending money and going into debt for nothing. I thought enough people would have learned from 2008 that we wouldn't be here again, but, here we are!
    32
  2734. I've been debt free several times in my life. I've also lived paycheck to paycheck with a little margin and paycheck to paycheck where I have been right on the edge. Now I am debt free except for a small mortgage on my house that I am working on paying off. It is a wonderful feeling having thousands of dollars left in my checking account each month.
    32
  2735. Im like yourself. Im 39, debt free, asset wealthy and still frugal. I don’t have much sympathy for people my own age being dumb with their money. But I do feel really bad for the young guys i talk to at work. They have been dealt a really crappy hand in this era.
    32
  2736. The other issue with condos is that you can get a BAD board! Some have been found to be corrupt and/or inept, which means you're gonna pay big! I took my association to court and prevailed. Then I reported them to the authorities in Tallahasse for fraud/ embezzlement!
    32
  2737. Problem is that many who work remote bought in areas far away from their office and most likely overpaid for the home, and if they remain in the home, they will have to find a local job that will not pay as much as their remote job. They will have to pay remote job type mortgage payments but will now get a job that surely will not pay enough for that mortgage payment. Most likely will sell, short sell if the market is declining or could even go into foreclosure.
    32
  2738. You know it's getting worse when Wal-Mart starts closing stores.
    32
  2739. As small business landlords can no longer carry the cost of their rental, I suspect we will see more single family and multi family dwellings being sold and bought up in droves by national and multinational firms, like Blackrock and Goldman who then will become the nation’s largest landlords. In the next 10 to 20 years, true home ownership will be very rare and the US will largely be a nation of renters. Well done as always sir 👍👍
    32
  2740. Just shocked those houses your passing are over a million, they look so ordinary and the yards are awful, just crazy.
    32
  2741. I decided not to move to Oklahoma from Michigan because of the tornadoes. I think insurance is going to take the same turn there. I lived close to Venice while in California
    32
  2742. Can't remember specifics, but I remember hearing a story of a 80 something year old man who had lost his wife not too long ago (when this story took place) and she did all the book keeping for their bills ect). There was an accounting error and a property tax bill went unpaid and for less than 2 grand, the county sold the house he'd built himself and lived in for more than 60 years and he had no idea until a Sheriff deputy showed up to evict him from a property he owned free and clear over a 2 grand tax bill. This is called "tax forfeiture" and it's a complete abuse of power. The county can sell your property for pennies on the dollar just to settle a petty debt and then throw you out on the street. In these states, there's little if anything you can do
    32
  2743. I wanted to mention that United Health is doing Rolling Layoffs right now.
    32
  2744. I'm worried that people are go8ng to get screwed just like I did back in 2007. If you listen to these people and by and the market drops.....you will NOT be able to refinance even IF rates drop. That's the mistake I made when I was in my early 20s and I got lucky, I lost my home to foreclosure HOWEVER, under "soldiers and sailors relief act" rules, the bank couldn't come after ME for the difference in what i owned vs what the home got at foreclosure auction. If I didn't luck out there, I would have still been on the hook for about 50k. Not everyone got so lucky and then had to declare bankruptcy ON TOP of a foreclosure. Please, PLEASE be careful, you're financial future is at stake
    32
  2745. Was forced to move out in May 2022, Sacramento. Went from $1300 rent to $2300, this is insanity. Im not shopping at all, only food and gas. Clothes last time purchased 2 years ago, no travel, no vacation, no going out for past year and a half. Homelessness in Sac rose by 100% 2021 to 2022. I see more and more normal people on a streets. This will blow up badly.
    32
  2746. leaving planet earth. who's coming with me?
    32
  2747. Thanks a lot, Michael for making those cold Toronto days a bit better with your beautiful videos.
    32
  2748. Canadian here. Real inflation twice as high as wage growth. Someone is simply trying to blame workers for inflation rather than corporate greed.
    32
  2749. IF the Fed looks at the GDP going UP and does NOT raise the Fed Funds Rate on Nov 1st, then we can expect to see inflation rise precipitously. Look at what Argentina has gone through and is going through.
    32
  2750. If I'm going to pay $800K for a house, it better not have single pane windows, maybe I'm being unrealistic
    32
  2751. I live in Wyoming and Wyoming’s “F you” to all of the states banning gas-powered vehicles by 2030/2035 is that Wyoming is banning electric vehicles by 2035.
    32
  2752. 11k a month means you’ll need to have a household income of 25k. I doubt many of us qualify
    32
  2753. That list of banned countries needs to get bigger
    32
  2754. The whole of old condos cant be redeveloped. There simply isnt enough consumers/demand. It will be interesting to see how this plays out over the next three years. Banks wont loan on many of these older condos.
    32
  2755. buying a land and build your own house with your own money is the way to go. Just like in the 1800's
    32
  2756. In regards to millionaires unable to retire: If your outgo exceeds your income your upkeep becomes your downfall. In regards to new laws to penalize Hedge funds in buying single family homes and giving it to first time home buyers: A government powerful enough to give you everything you want is capable of taking everything you have. The road to hell is paved with good intentions.
    32
  2757. Florida is no longer affordable to real home buyers that really want to live in the home. Investors beat me out again on my 40th bid. I hate investors.
    32
  2758. The anticipated rate cuts are merely optics and will have little or no impact on affordability in my opinion
    31
  2759. I've heard "you could turn it into an air bnb" from more realtors than I care to count in the past year. I think you are spot on.
    31
  2760. Free and clear. I owe nothing
    31
  2761. Big institutional investors can tap limitless funds to buy houses--I don't call them "homes" unless they're owned by individuals--and can and will swoop in and increase their holdings during this crisis. It's exactly what happened in 2010-2012, when they went as far as rigging bids in the Bay Area. Unless our government intervenes to secure housing for individuals, which it has shown zero inclination to do, by 2026, the share of houses sold to investors will go from 20% to 50% (and higher in the most desirable areas). This is demonstrably bad, since owning a house is the best route for people to build wealth for retirement. What's more, people owning their own homes provides much-needed social stability. I live in a neighborhood of duplexes that are 100% rentals and the neighborhood is constantly in flux. Nobody knows their neighbors, so nobody looks after one another. I've owned homes in the past where everyone was an owner and knowing that your neighbor is there for the long haul makes it more likely you'll befriend them. People need those social bonds; we're individuals, but we're also tribal animals and being isolated is bad for us. American society is already under severe strain not just from the pandemic but by the wage gap, and shutting people out of owning their homes may be good for investors' profits, but it's harmful for our society overall. And no, I do not want to debate anybody who bleats about the magic of the market or other Ayn Rand BS. That stuff is a fantasy. We have local, state, and federal government agencies for a reason: they're supposed to intervene and manage our society to make it as fair as possible. If you want to live in a country where there's no government, try living in Somalia for a year and then check back with me if you're still alive at the end of it.
    31
  2762. Big problems in Florida. I don’t see it getting better for a long time. Apartment complexes are popping up all over and wonder where are all these people coming from. The condo thing is another huge problem in the horizon. Most people know bad things are going to happen soon. You have to be detached from reality not to know that.
    31
  2763. I wouldn't want to buy a new home. I run a water system and these new-built communities I've seen water leaks in the first year, siding falling off and so forth. I bought a new place before the rates really went up. My rules were, 1 no HOA, 2 no newer than the 70s but also needed windows and doors already replaced, 3 can't be in a neighborhood that's too uniform. I found a solid 50s one at a great price. I lived in an HOA development my 1st place when I was young. Never again. The theory isn't bad, but the people on the boards are always the worst people to be on them.
    31
  2764. "Bill's" example proves the old saying: "you're buying a neighborhood, not just a house."
    31
  2765. Disagree on the five year analogy. It should not matter how long it takes for someone (usually a family member) to claim a property. I know of no reason for any squatters rights. If someone has a reason, let me know. Sometimes it takes a long time to find next of kin to claim a property. In a nutshell, if someone breaks into a home to occupy it, they are a criminal. These people need to go to jail.
    31
  2766. The thing this developer is doing is going to make owning a condo or townhouse toxic as this is something that they can do anywhere. I bet that this tactic is just getting started in this country.
    31
  2767. "you guys have been diging the florida videos". You got that right! I love your channel.
    31
  2768. I think we should start a tv show where Michael sits down with potential buyers and looks over their finances to determine if they should buy. I bet Michael would be stamping a BIG NO on most peoples financial papers. Then he should go on to try to explain to these people why they should NOT buy. That would be SO eye opening and hopefully help others too.
    31
  2769. Moving us towards "social credit score" and that is scary.
    31
  2770. I saved a ton of money on my car insurance by switching to reverse and leaving the scene of the accident!
    31
  2771. I will never, ever, never, buy in an HOA again.
    31
  2772. Lesson for single guys: Only date women who make around the same income you bring home. One study conducted found that people who stay married tend to come from the same socioeconomic class, upbringing. Do not date down.
    31
  2773. College - go into debt, marriage - go into debt, car - go into debt. Madness!
    31
  2774. These experts need to come to realty and stop pushing people to buy overpriced homes! (W/ the exception of Midwest, East Coast markets)
    31
  2775. Mike just seems like a good dude.
    31
  2776. I just moved to Florida a week ago and personally I love it so far , it’s like a breath of fresh air compared to California, I feel like I’m in a whole new world ! It still hasn’t really sunk in yet that I’m actually living here :)
    31
  2777. No HOA fees please😮
    31
  2778. Insanity in the housing market!! Homes are to live in .. not a gambling casino! Homes that are bought to live in and appreciate with improvements and time used to be the norm and acceptable. Flipping and making huge profits overnight will destroy homes for people to live in. Not a healthy situation! A gambling casino mentality!!
    31
  2779. I can totally relate. I grew up in Miami in the eighties. We rode our bmx bikes everywhere. If a kid tried that today they'd be dead within a year. Miami is soooo much busier now that when I grew up.
    31
  2780. One of the quickest ways to make housing more affordable in coastal cities is to not allow wealthy foreigners (i.e. people with no ties to the USA) to scoop up real estate. And I'm not focusing on China or Russia only. I mean everybody, whether they be from Europe, the Middle East, South America, etc...If I was president, that would be pretty high on my list of things to get accomplished. You want to buy housing here in the USA? Well, you better be a legal resident or citizen.
    31
  2781. I understand - when houses went to $250k in San Diego I thought "it can't go any higher". It is a tough call because houses should not be at these levels. It's the side effect of trillions of money printing. I just wouldn't buy if you end up being house poor. The maintenance can be tough, for me water heater, HVAC, W/D, tree's etc. is expensive. But I'm glad I bought when I did.
    31
  2782. As soon as I found out this happened, for some reason you came up on my mind. I had that gut feeling you live close there. And I wasn’t wrong. Anyways, glad that you guys are ok and I’m keeping my prayers to all the victims and their families. This is a total tragedy.
    31
  2783. Thanks Michael for great info. It's saddening to see how people lose their life styles for these big builders and big corporations. Rent is going up, mortgage is not affordable, buying groceries is really painful, cost of living is through the roof... so where would ordinary people go?
    31
  2784. I've been checking the home prices and compare between 2016-2019 and 2020-2022, the home prices increased from $300K - $400K in pandemic. So, if the prices need to drop back just $300K (pre-pandemic) and you will see buyers get their feet back to market. With +7% interest rate and current prices, nobody can really afford to buy. Don't forget you need to eat, buy health insurance, car insurance, home insurance, and all extra money if you have kid(s). Pay attention to the diesel price at the pumps, it's roughly $2 more expensive than gas. Most of transportation that deliver goods, foods, medical supplies are based on diesel trucks, railroad trains, and vessels.
    31
  2785. What if there’s a storm and the power goes out for a few days
    31
  2786. Your video isnt right. You left out the most important reason part of why people got the 3% interest rate on the home. Just as soon as interest rates dropped to 3%, they jacked up their house price by $100,000 more, which means they didnt save nothing.
    31
  2787. People complaining about food deserts support this letting criminals run rampant. And reject not just law and order, but stand your ground laws. I like Polk County’s sheriff, Grady Judd. The crime went down drastically there since he became sheriff in early 2000s
    31
  2788. Now home insurance is becoming unpredictable each year.
    31
  2789. When your economy depends on the greater fool, more fools must be produced in greater numbers.
    31
  2790. We had that gas shortage here in Vegas a couple months ago, people were going crazy.
    31
  2791. You get some people getting an extra warranty, for example, on a $900 laptop, or a $1500 TV. You now have people in the past couple of years, waiving home inspection, engineer inspection, and buying a $500,000 home. It makes one shake their head. 👍🇨🇦
    31
  2792. 15% unemployment 2024
    31
  2793. Check out the you tube videos by a building inspector, Building Integrity. He is very informative. I think he may give you some peace of mind. He is a forensic building engineer/inspector. As long as buildings are inspected and repairs done on a regular basis I think condo living is still safe. I live in Florida 😎 There must be repairs done on a continuous basis especially with stucco.
    31
  2794. I pay cash for everything. I cook at home, barely go anywhere but the grocery store outside of exercising.
    31
  2795. Imagine giving shelter to the homeless and having your homeless rise by 9% because you made other people homeless by taxing them so much that they become homeless, so you can solve the homeless problem.
    31
  2796. It's when the yield curve un-inverts, that's when the recession occurs. The yield curve has been inverted for the longest time in history now. The Fed is keeping the short end of the curve up, delaying the un-invert.
    31
  2797. Yeah and the owners are missing the mortgage of their “Rental” property First, because they don’t live there. There is no way for the renter to know until it’s too late. Happened to me in 2008.
    31
  2798. Sounds like Florida has the same problem that we have in Massachusetts with the commissioners voting themselves a big raise. Our state legislators did the same not too long ago. Now they have a ballot question to raise a special tax on millionaires, even though taxes are so high to begin with. Always trying to pit the have’s against the have nots.
    31
  2799. Credit unions are better for banking in my opinion.
    31
  2800. Property Taxes, Insurance, HOA Fees All SKYROCKETING= 'youll own nothing, youll be happy' --- 2030
    31
  2801. Thank you to our host Michael and guest of stature Mitch. Good content
    31
  2802. Prices need to come down by 40 to 50% so that people can afford to purchase homes!
    31
  2803. I paid a moving company to pick up my stuff from my parents' house in OK to drop my stuff off in NY. They quoted me a price. I paid extra handling for my motorcycle. They showed up, tried charging me an extra $1000 because they said the moving truck couldn't get into the neighborhood (it did, it was fine), the company contracted for some dude to drive my stuff in a truck, he was 4 days late, he texted me the night before about this extra thousand dollar charge. The moving company charged me $2000 over the quoted price, my motorcycle showed up with a cracked windshield because they stuck stuff on it. They overstated the weight of my shipment. They also tried charging me extra for the apartment staircase. The moving guy showed up to move all of my stuff BY HIMSELF and asked me to do it. It was AWFUL. I will only move my own stuff from now on.
    31
  2804. California is the most scenic and beautiful state in the U.S. It has mountains, beaches, desert and, just about every climate you would want. That's why the wealthiest people from all over the world want to live there.
    31
  2805. 5 month winter vs 5 month summer...summer it is.
    31
  2806. Michael, plz put some of the blame on agents. having sold many homes over the yrs, when owners ask the agents can I get this outrageous price the agent will say yes just to get the listing. then, 2 months later wants the owner to lower their asking
    31
  2807. I feel like you can only see this as fear mongering is because you simply don’t want to prepare for an unpredictable future 🤷🏾‍♀️
    31
  2808. What is happening now is what happened in 2007-2008. Market froze because sellers were asking too much and Fed finally rose rates after 9/11 low interest rates. Then the housing decline of 2008 occurred, when layoffs started.
    31
  2809. I just had a discussion with my kids, about inflation. I have 5 kids, ranging in age from 8 to 17. We covered the entire gammet of our current economy: inflation, the repercussions of our energy policy, a household budget and saving BEFORE you get into trouble!
    31
  2810. Florida was for the best....yeah California Especially southern almost never rains so weather is perfect but Florida....low taxes and cheaper overall lol
    31
  2811. Dave Ramsey is awesome.i watch him and do the complete and total opposite 😂
    31
  2812. I've always wanted to live in Florida, I'm from alaska and 99% of the time the weather here is shit so i finally am saving up enough money to buy a new house in the fort lauderdale area, i will be spending one last summer in Alaska so around October ill be there hopefully 👍
    31
  2813. Awesome video! That brought back memories. When I was 17 years old and got my first job and got my first paycheck, it was 100.00 for 40 hrs in a sweatshop. I came home all excited ( lived with my parents ). I said dad I got my first paycheck, it's a hundred dollars! I can't wait to spend it! He oh yeah, he pulled out a bunch of envelopes! Each had writing on it, car insurance, clothes, emergency, car repair, gas etc. I felt my balloon pop. I didn't want to do it, but I knew in my heart he always wanted to teach me well and always had my best interest. So I filled the envelopes and it really helped me to understand how to save and when the yearly car insurance bill came in I wasn't freaking out on how to pay it. Thanks for the video! I hope this way of budgeting will help someone, especially the younger people that don't have someone to show them how to save. I hope you and your family have a great New Year!!!
    31
  2814. As soon as you started telling this story I knew that it was going to be a legal disaster for the new owner who was trying to evict the tenants, and thankfully so. Landlord and tenant law can be very tricky and you can’t just kick people out willy nilly because they don’t meet your demands. It immediately sounded like a bad case of self help eviction from someone who didn’t know any better.
    31
  2815. You're a rock star Michael. Thx for all you do for us.
    31
  2816. Bro the crossover we’ve all been waiting for
    31
  2817. i think what everyone discounts is when the unemployment rate hits 6-10% its going to be a different story
    31
  2818. Congrats on the WELL DESERVED 300K!
    31
  2819. My sister bought a duplex in 1986 interest rate then was 11% but home price was lower compared to day Back then duplex cost 190k Today the same duplex cost 900k I rather see higher interest rate but lower home price 👍
    31
  2820. Who didn't see this coming? 🙄
    31
  2821. I could not agree more. Don't really care about the rate, I'm not interested in bubble pricing.
    31
  2822. When I saw that people were putting 30,000 or 40,000 over asking price in 2020, I told myself “yeeaaah, I’m waiting until 2024”, lol. So glad I’ve been waiting! My monthly payment would have been crazy if I didn’t.
    31
  2823. Sold my house in Denver bought two houses in Indiana for the same price!
    31
  2824. As the Property Assessments in Florida continue to increase . Property Insurance and Taxes are sure to follow .
    31
  2825. I can't BELIEVE HOW BEAUTIFUL the sky is there. Michigan here.
    31
  2826. Great advice! “The things you own end up owning you.” Tyler Durden
    31
  2827. Living near the beach or sea is nice, no question! But the main question is whether you can afford it or not.
    31
  2828. Lets face it if you can work remotely from home you can bet management is looking to replace you with a less expensive counter part from India ,Pakistan or some other country. This is no different than all of the manufacturing going to Mexico or China
    31
  2829. CA hands down for the nature/climate/ocean/mountains/hiking/biking/surfing/skiing, but 99% of the people in the state DON'T do/enjoy those aspects of the state. imo
    31
  2830. If we slide into a recession, we may also see a rise in divorces, which would also mean more houses coming to market.
    31
  2831. An important thing to note, even if you have the money and ability to move the home, you may not be able to put it where you want. A lot of counties are putting in regulations for the age of the house, several near me will not allow anyone to bring in one from another county over 10 years old.
    31
  2832. About time they do something about foreign investors
    31
  2833. OMG, sinkholes, hurricanes, HOA's, CDD's, alligators. The more I research the scarier it gets lol. I selected Florida because my niece wants to transfer to the Air Force base in Tampa but the snow here doesn't sound so bad anymore. 😂
    31
  2834. Poor California. I just moved away after living there for 15 years. It broke my heart. But as a recent retiree, along with a myriad of problems and financial pressures that keep getting worse in the State, it just didn’t make sense to say. I still go visit friends, but I’ve decided it’s much better and safer to vrbo if I want to hang out for a while, vs owning something in California. Way too risky and precarious for my liking. On a side note, there was also an article in the paper today describing how almost half of 18-29 year olds are still living with their parents because they can’t afford rent or mortgages. And it seems many of them aren’t even trying to save up for a home. Too far out of reach. Instead, they’re spending $ on luxury toys and items. They’re waiting for mom/dad or some other relative to bequeath them a house. Can you imagine? So, as long houses remain this expensive, demand is mainly going to come from the wealthy, the highly paid and the investors. That could have a lasting Impact on the market in what gets built and what gets bought. Watch this space 🤪
    31
  2835. I'd rather have a house!
    31
  2836. 100% spot on Michael!!
    31
  2837. During the Depression of 1929, people had grit and low expectations. They took Government WEP jobs building roads, bridges and dams to survive. Unfortunately, today people are not willing to sacrifice, come together and not be entitled and privileged. Our Western civilization is coming to an end, and there will be strife and civil unrest as people become homeless, hungery and feel hopeless.
    31
  2838. The real state should be in jail. He lied about the property and the owner. It’s called slander law.
    31
  2839. I left 1 employer to work for another employer in order to obtain a remote position, 50% pay increase, etc. There’s NO I would ever getting paid enough to relocate from a work from home position to going back in the office
    31
  2840. My rent just jumped £50 pm, my gas/electricity went from £75pm average to £250pm. Food is up 25%, petrol is up 30% If this carries on, and it will, I'll be spending more money to stay alive than I have coming in. If this carries on there'll be a revolution.
    31
  2841. Get your CDL and always have a paycheck. Or become a mechanic or Plumber.
    31
  2842. I do think that with all these "experts" one can support almost every opposing opinion. I think the economy is going to reveal very soon in the next few months that it's weakening.
    31
  2843. I'm elderly and I'm really feeling the bite.
    31
  2844. They need to sell booth cars and get a old beater that's paid off.
    30
  2845. Middle of nowhere is sounding better every day.
    30
  2846. I'm 60 years old and my wife and I paid our house off last year. I can't even wrap my head around the thought process of someone my age on the brink of retirement. Having to pay rent for the rest of my life. Yes, we do have taxes and insurance. But thankfully here in Georgia those haven't gone crazy like in other parts of the country.
    30
  2847. We live in SWFL Port Charlotte area. My son was trying to buy a house and he is priced out of the Market. First time home buyers are screwed.
    30
  2848. For most workers there was no guarantee of forever remote work. Folks should have prepared for this reversal.
    30
  2849. Remember a decade ago when natural gas was considered clean. The city buses here would tout that their buses were run with "clean natural gas". Now there is a 180 with this and it is considered a dirty energy source. By the way, outside the southwest because of solar, electric is basically still dirty since much of the power is still initially sourced with coal and natural gas; not to mention that these EV cars are much heavier and need more power than the internal combustion and hybrid engines.
    30
  2850. Interesting phenomena happening here in Az. Squatters are looking for and occupying for sale vacant properties. Reminds me of '08. Rents are sky high with folks being forced out of even low income housing.
    30
  2851. I agree, inflation is normally only controlled when interest rates go 200 BP Above the rate of inflation at the time. So, we have another 4 or 5% to go. Foreclosure rates are probably set to soar. Yellen and the lot always ask the BANKERS, "How do we avoid a CRASH." The bankers simply say, "Give us money to lean, we will do it wisely THIS time...." The banks are the cause, not the solution.
    30
  2852. Michael, I’m glad you posted this. Last night I joined an argument, they were talking about me being wrong about house crashes as much as 30%. They showed me how a condo was only down by $10K. I couldn’t believe that I had to tell them that, “PRICE CUT” was for this week, not since it was listed. I had to tell them to look at the history, not just the posting. I showed them that the condo in question was first listed at $419K and it’s now at $375K. The way they saw it, they thought it was listed at $385K and only dropped $10K. Wow.
    30
  2853. When I was a broke college kid bussing tables, I bought a $5,500 vehicle. 1 degree and 6 figures later, it’s still running fine 🤷🏽‍♂️
    30
  2854. We just had to fight with mortgage co. on estimated tax. They tried to raise is from 2k to 6k. We questioned it and were right. It was 2k. So make sure they are not trying to screw you.
    30
  2855. Miami and Florida is teetering on a crash, the remote work thing is a disaster waiting to happen as soon as recession properly hits which it hasnt yet the Florida market will tank. I have house in Naples and had it for 25 years now, the price crashed in 2008 and no one thought that in 2006 , 2006 was booming. ive seen this rodeo before.
    30
  2856. You are not alone. Here in the UK we are also in the same situation.
    30
  2857. Keep bringing the truth, Michael! I say let it burn
    30
  2858. I love your videos, your speaking the truth about what’s happening, don’t listen to the news
    30
  2859. Couples can get married for cheap at their county's court house. Then they can save for a formal wedding to celebrate their marriage with family and friends. May even make their formal wedding ceremony more special after they see their marriage is doing well during those first few years. And of course, buying the house together after they are married makes home ownership less complicated too.
    30
  2860. OMG, they're lying through their teeth. The amount stolen was wayyyyy more than that.
    30
  2861. My auto insurance went up,50% , no tickets, no accidents 20 year old car.
    30
  2862. Reventure is my favorite data driven YT and Michael is my favorite feet-on-the-ground (literally, love the walks) RE YT. I love how he said this economy in the last two years are offensive as I personally hate this house-of-cards economy, tulip-mania housing bubble, zombie companies, casino-style stock market and fake 8% inflation rate. Bring on the squeeze and burn down the house of cards...this should have happened after 2008 so I believe it will be bad, like depression bad, for a while, and I'm excited!
    30
  2863. The Fed is moving too slowly and not aggressively enough to tame inflation. The formula is simple: interest rates have to be at least 2 points higher than the inflation rate in order to tame inflation. The inflation rate is 8.5%. Interest rates need to be 10.5%. Interest rates for 30 year house loans are hovering around 5.5%. The "soft landing" that Powell is trying to achieve has never happened. He's just prolonging the pain. It's like a Band-Aid: one pull, right off!
    30
  2864. Gotta disagree with you. Home price appreciation is definitely not unearned wealth. People have been paying property taxes, home insurance, and maintenance costs for years or even decades on their homes. These costs are paid for by hard earned salaries and wages. When they eventually sell their homes, they are really just breaking even for all of these insane housing costs over the years they own. Most of the time, there is no wealth gained at all, just breaking even if they are lucky.
    30
  2865. This should be illegal Michael 😞 People can't just move around in their later years like we do when we're young.
    30
  2866. 15 years ago, the city decided we needed a new road and utilities on our cul-de-sac. When construction was complete, we received a 9k tax assessment to pay for the work that was done. I sold the home shortly after, and the road on the cul-de-sac is already needing replacement. The first road lasted almost 30 years and really wasn't in bad shape.
    30
  2867. This is the same thing that happened to south Texas during Harvey. Homes in 100 year flood zones were decimated. There are still people that live on the coast of Texas (not in flood zones) with no flood insurance. 🤦‍♀️ I knew when DeSantis kept repeating there were folks who bought homes that weren’t in flood zones who didn’t purchase flood insurance it was going to be bad. As a loan originator I would suggest borrowers purchase the flood insurance no matter where they live. Great video Michael! 😊
    30
  2868. I hope it goes up to 12%
    30
  2869. I think your comment about first time buyers and the pandemic are absolutely correct. I know a people that moved somewhere like Boise, bought a house, and now are underwater by quite a bit.
    30
  2870. The rule is living well below your means. Try it. You will be much happier 😊
    30
  2871. And not only do they not want to work, they want to shit on anyone who is super successful because they worked they're ass off.
    30
  2872. Lots of people are still flush and lots of companies are still hiring.I run a non essential online retail business and have seen zero slow down in sales this year.People definitely still have money and the bulk of it still goes to stupid non essential purchases just as it always has.
    30
  2873. Construction workers next door to me, ordering Uber eats delivery. We are still in the biggest bubble ever.
    30
  2874. I have friends who bought a home there and they love it. They call it Done-Eden. Saw the Christmas boat show
    30
  2875. Totally agree, now is not the time to buy. No one knows what is going to happen in this environment. Thank You and Happy Sunday Michael!
    30
  2876. The winter was pretty mild so the winter birds could stay at home and didn't need to buy a condo in Florida! Just kiding, prices are really high even for these winter birds!
    30
  2877. I work for a government agency that allows hybrid work and I can say I definitely get more work done at home and have way less distractions. I also have a job that would be extremely obvious if I wasn’t working to the point my boss doesn’t need to key log or use my camera either. My work product has to be turned in routinely and timely and it would be super obvious if I was missing deadlines:
    30
  2878. Michael,This is only the beginning,prices will fall 30 to 40% in the next 12 months,plus the amount of foreclousures when people that bought at the top of the curve will abandon the 200-300k that they over paid!!!
    30
  2879. I left Florida because the "scientific experts" said Florida will suffer 150+ degree temperatures and we'd be underwater by 2010 🤔... Yeah, I'm NOT EVER listening to liberal nonsense again! See you in Fall of 2021 😎🌴🐬
    30
  2880. Bought my townhouse 6 years ago this month, locked in at 3.55 interest rate, not moving anytime soon....
    30
  2881. We can no longer afford the government we have.
    30
  2882. You have to be the most accurate real state analyst on YouTube! 100% agree with you!
    30
  2883. Amen about electric vehicles. You expressed my sentiment exactly. I respect those that have them, but an EV is not for me.
    30
  2884. Hey Michael while you are in California you should cross the border and check out tijuana. With the housing crisis in the U.S. Plenty of Americans are moving down here to the border myself included. It's starting to get expensive even for me with an American income I can only imagine the locals. This collapse is going to be a tsunami for the world real estate
    30
  2885. It's not over for home sellers if they just stop being greedy.
    30
  2886. Why don’t we ever talk about all these real estate agents that were telling people it was the best time ever to buy for the past 2 years. Locking people in on the worst deals. It’s literally like telling to buy bitcoins at all time high right before it collapse down from 60k to 20k
    30
  2887. If they are putting 5 or 10 percent down they can’t afford to buy the home.
    30
  2888. I looked at my old mobile home park. When I rented a lot in 98 it was around $180 a month. Now its $425. A new single wide is over $80k. I paid $33k brand new.
    30
  2889. Miserable politicians need to stop bankrupting our country. The only approved expenditures involving deficit spending should be for major infrastructure projects where future generations can benefit from since they will be paying the tab with interest. Live within your means!
    30
  2890. Just watched a YouTube video from a Las Vegas realtor pushing people to buy now. She actually said that now is always the best time to buy because home prices there in Vegas never go lower. She says that all she hears from are people that regret not buying their home sooner. 😂😂😂
    30
  2891. The sky is falling as Michael walks past million dollar yachts.
    30
  2892. These flippers are getting greedier and greedier.
    30
  2893. I’m a Realtor in California. Homes are just sitting, the only ones that are selling are the ones setting the new Lows.
    30
  2894. Florida and Texas are tax friendly for businesses. NY and CA have raised taxes so high that even the super wealthy businesses have had enough. Lack of crime prevention in certain cities vs. FL and TX, is also a big factor.
    30
  2895. It wasn't mentioned in the video but I would think this is an area of our lives where politicians should help everyone by capping insurance rates. But I guess the politicians are paid off by the insurance lobby group to look away.
    30
  2896. I will add that I am probably older than many on this channel. I lived in California(Bay Area) for almost 40 years and have been in the Central FL area for almost 10 now. Just like everything in life, it all comes down to what you; like/dislike/prefer-- in where you live.... For instance, I played college football and grew up watching CF as a kid in Palo Alto(Stanford). Hardly anyone liked college football that I knew(*caveat-parents are from Alabama and went to school there, so probably has a lot to do with my love of CF football from early age)...Anyway, I always wanted to move to Florida because of these reasons: 1) Football 2) Fishing 3) beaches. 4) golfing....along with the best winters in the country, if you prefer warm winters....The only thing that California comes close to FL in these area's is Golf. If you're not a beach or outdoor person, not sure why you would want to move to FL, but I see plenty of people who are like this in my area. I have noticed you have some rather interesting perspectives on California, when you compare it to FL...First, the rain and sun is pretty close(Tampa Bay ,where I live isn't nearly like Miami, in terms of rain, sun and big storms)....California has 2-3 months of pretty decent rain in the winter every year(I am speaking from a SF bay area/ Sacramento perspective)....Also, you have to remember that California AND Florida could be divided into at least two states, especially California....From Sacramento(which I lived in 10 years) to Redding, it's a LOT different that Southern California, and even the SF Bay Area....it really depends on what part of California you live in. Sacramento is pretty similar to Orlando, for instance. One other thing....the heat. Yes, its hotter in Fl. BUT, there are several places in California where the temps stay 90-108 every day in the summer. Please, save me the humidity factor. Its not that big of a difference....if you do live near or on the coast in California, it is a LOT cooler in the summer months, compared to FL.....To me, its very hard to compare FL to California. To many variables and other things to take into consideration. Anyway, this post is already to long. At the end of the day, its all perspectives and opinions. Everyone have a great one!
    30
  2897. In many cities businesses, especially for non-executive positions, complain they cannot find employees. Guess what, those potential employees have left town for cheaper living wherever they can find it. The wild increases in housing prices and rent will collapse at some point, because eventually it excludes housing for the majority of people. It could easily become violent and chaotic. The demographic population trend is below replacement level, or declining population. In the U.S., if it wasn't for immigration, the population is in decline among the existing population. In a strange twist, one of the future problems will be an excess of housing units.
    30
  2898. See…the rent is TOO damn high! Wow.
    30
  2899. Michael is a down to earth dude! Thank you for what you do💪🏻
    30
  2900. Sadly, I think the condo calamity will eventually happen to everyone ( except if the building happens to be only a few years old). But Michael, you know condos are risky. When time comes you decide to move out of state or way north in the state, condos just don't sell fast like sf homes do. They are hard b to sell and now will be even harder to sell.
    30
  2901. squatters should only get the right to leave immediately without being harmed.
    30
  2902. The assesors/appraisers jacked up the values of the houses so much that it doesn't make sense anymore. How can a house built 1920's, 30's worth $600K when several years ago, it was sold at 80K+? Just imagine the nightmare paying the tax and insurance on this house. Who can afford it?
    30
  2903. "Rich lifestyle on a budget". A man after my own heart, preach!
    30
  2904. We sold our beachfront condo in Pompano Beach 2 years ago for the highest amount that any unit ever sold in our building, 2 weeks after the Miami building collapse. Since then, building inspectors were all over beachfront condos, including our old building. The building inspector found numerous issues with the building and has mandated that these structural repairs be done immediately. Work has started on the concrete restoration. HOA fees have almost tripled to make up for the shortfall. No one in our old building ever wanted to pay a little extra monthly, so we never really had money in reserves. And, now, a builder that bought up the land to the north of the building, built a beautiful modern multimillion dollar condo complex. This builder then bought out the single family homes, to the south of the building and are building a beautiful modern glass building there, too. Then, this builder approached my old building and is offering to buy everyone out. There are 187 units in my old building. More than half have already signed up for this. They need to get 150 units to sign up. I think it's only a matter of time.
    30
  2905. If it costs double to build a house since 2019, it's not unreasonable to expect house prices to increase 100%. What we're seeing in real estate isn't values of houses, it's devaluation of currency.
    30
  2906. Michael is new school, no kids. Dad is old school, many kids.
    30
  2907. Create your own garden folks. You can even do it in a 1 bedroom apartment in a city. Obviously having a backyard is easier but it's way cheaper way more healthy and you'll feel very proud to do it.
    30
  2908. I really don’ t think regular people care about how much to takes to maintain the super rich boats/yachts! People are going hungry & dying from the medical treatment forced on humanity! Thank you for all you do Michael! We need to help our people & these children from this evil force! Keep telling the truth!
    30
  2909. No average working person can afford a house. I don't see things changing either.
    30
  2910. Michael, I started a war. I priced my condo at $429K with too many upgrades to list, right after OpenDoor bought an identical floor plan with no upgrades for $453K and they priced it at $485K. Today is my closing. It took exactly 35 days from listing to closing. Now that I made dozens of people angry for selling cheap, I’m relieved. I made a Canadian family happy. They escaped Canada but not as snowbirds, they literally gave up on what they suspect, future communism.
    30
  2911. Thank god for Utube man.. cause seriously, it's impossible to get any of this stuff straight if you follow the mainstreem media. Following you and others makes timing the markets and real-estate so much easier, and i feel like your intentions are good. Keep up the good work.
    30
  2912. My girlfriend is an agent here in Rhode Island. She had a listing this week get 28 offers, the winning offer was 51k over asking with a 20k appraisal gap, and inspections waived. It seems the market here is holding strong "for now". Anyway love the content , keep up the good work!
    30
  2913. Not only worse in Miami! As an expat living in Central and South America for 9 years, it's the same. Higher food prices, lower quality of food, smaller portions, terrible service, and tips automatically included in the bill. I now cook at home, finding different recipes on YouTube. I now feel so sorry for tourists I see, in the restaurants, I now walk by.
    30
  2914. Prices up a lot for everything. People are using credit cards, personal loans, and HELOC loans to pay for it. Isn’t something big going to break soon?
    30
  2915. Great video as always. At 11min, 22secs you hit the nail on the head, and people need to stop spending, stop increasing debt and be "responsible."
    30
  2916. Here's an idea... Let's end property taxes completely. At the VERY least for primary residences, though I'd prefer it for everything. The very idea that you can get billed an arbitrary and always increasing amount of money in order to KEEP something we allegedly "own" is sickening. We need allodial titles, and we need 'em NOW!
    30
  2917. We lived through the Carter years. My husband and I were contractors. This, to me, is nothing like 2008/2009 but more like 1980. If there is a red wave, don't expect things to turn around right away. It took president Reagan a few years to turn things around.
    30
  2918. We lived in a 55 & up mobile/manufactured home park with over 900 homes in North Ft Myers FL. When hurricane Ian totally destroyed our home 2 years ago we owned the home outright but our lot rent was up to a little over $1,000 a month with a 3% increase every year. The lot rent included the throughway taxes, garbage pick up, lawn care, water and sewer. It was a much older community from the 70's but it was becoming way too expensive for most of the people who lived there and were retired and only getting social security every month. It was just becoming insane to live there.
    30
  2919. Prices are still crazy, at least in south Florida. My father just sold his home in Margate, which is about an hour north of Miami. Within days he had an offer for full asking price at almost 500k, for a home that was worth barely 300k just a few months ago. Until buyers stop paying these kinds of prices, the inflated home values will continue to be a reality.
    30
  2920. As someone who lives in FL as well, and to all the people asking how to know when the bottom is nearing, I say look at Disney. When Disney starts struggling with Park occupancy you'll know the service sector has tanked (retail already tanking, services next). Disney literally has a monopoly on childhood, have been raising ticket prices, food, merchandise steadily over the last 10 years with little pushback. When they finally feel the crunch the services sector is dunzo And next comes commodities 😉
    30
  2921. I think this is a great move in the right direction. What I think will happen is that most buyers with a half a brain can do research themselves to find a specific home that suits the, then approach the sellers agent and have them write up the contracts/purchase offer for you. Here in NY having the sellers agent act as a dual agent happens a lot. No offense, but there is no value in most realtors so its no loss just having the sellers agent take care of the contracts/purchase offer for the same 2.5% or 3% that will become the new norm in July. Plus, the sellers/list agents have had it way too easy for too long just throwing up a listing in twenty minutes time and then having tens of thousands of dollars rain down on them after a sale.
    30
  2922. One of your best videos, good to see you and Travis together, you make a great team!
    30
  2923. I go to alot of dealerships for my coffee machines. They are sitting on lots of inventory.
    30
  2924. It is true - pension liabilities are starting to come due. I'm shocked Illinois is still functioning as a state.
    30
  2925. Florida 😍😍
    30
  2926. It annoys me when people say there is a "shortage of homes", what they MEAN is there is a shortage of AFFORDABLE HOMES for a average income,(like 50-60k) not some 400k house with 2500sqft and like 4 bedrooms, it's insane. In a way, I understand the reason for not building home under 1500sqft, especially in the university city where I live at BUT people here have a habit of just staying for university life and than moving out of state, so all this big homes have no one to buy them except some landlord guy. Just a NORMAL HOME BUILD would sale so much faster, like you can even build it for like 200k-250k, and people would take it. Win-win.
    30
  2927. I started prepping for retirement in my late 20's and now at 43 i have multiple passive income streams... The fear of being dependent on my body for a living past the age of 50 was my motivator, too much uncertainty at that age to be waking up everyday for a job. Only one of my friends thinks and moves like me where the rest of my buds will have to work into their 70's. To me that would be straight up hell but to each his own.
    30
  2928. The recession starts on November 6th, 2024 and not one day sooner.
    30
  2929. You can have ss , file , and pay close to nothing based on income and dependants.
    30
  2930. Immediately on our doorstep, is an international, global wide, irreversible 1930’s style Depression, with no easily accessible remedy or exit!
    30
  2931. Work smart not hard!
    30
  2932. We got a 2 year 2.09% mortgage in Canada which comes due in March 2024 at which time we will pay it off and be mortgage free during retirement. It will just let me sleep at night knowing that interest rates can go back to 20% (like in the 1980s) and I will not loose the house.
    30
  2933. Only so the government can TAX YOU MORE
    30
  2934. Happy Easter to everyone.
    30
  2935. 6300 for rent is never not a bad deal. That’s just insane.
    30
  2936. Whatever happens the hurricane should not be politicized. Hopefully those communities effected will fully recover.
    30
  2937. Please pay attention to Micheal because he speaks the truth. A couple months ago I happened to talked to a real bank CEO. I asked if he had any foreclosed property. He took me under his wing and said," wait a few months before buying." Because his inventory of houses is increasing and he said there is much more to come. He said cash buyers will be buying houses pennies on the dollar.
    30
  2938. So true, Michael. Great video. Just got into it with my folks about this. Family friend is selling a house for $350k in a place where houses of similar size might go for $250k. I disagree with the price and she told me they did remodeling. Same thing. Other houses same size selling at $100k less. Why are they selling now, losing 2% interest for something higher? And who is buying? Even with a down payment it's $2,200 a month. Completely insane. Americans can't afford the housing prices so high. Sellers are dreaming to get those unrealized gains to come to fruition. We're debt free with a down payment and an emergency fund and I don't know how people without could afford it..
    30
  2939. They need to change outdated zoning laws with manufactured homes. Zoning laws created the trailer park.
    30
  2940. California is overpopulated. Even if everyone paid to house the homeless, there is no space to build homes. The home prices are way too high as well so even paying for homeless would make the average person go bankrupt. They are struggling to pay their own rent
    30
  2941. 😎or no glasses Michael just continue to remain impartial and tell it like it is. Your loyal viewers appreciate it.
    30
  2942. never understood people with money. I'm from rural va/west va. half a million or less would buy you a nice house with land with no neighbors around you for a mile or more. wooded, total peace. with enough leftover in cash to never have to work again.
    30
  2943. Genuine question, why can’t a home purchase offer sheet and contract be standardized via an online template form? Works for other situations i.e. legal zoom. Cut out the middle man. I hope car dealers are next.
    30
  2944. As a millenial I do feel I missed the boat as I could’ve bought two years ago. At that time though I would have depleted my savings and had no emergency fund. Went the cautious route and continued to save and the market went crazy. I just bought a place last week but it is a fixer upper. Not ideal but didn’t want to risk missing another chance.
    30
  2945. I payed $10,500 cash for an old farmhouse here in rural Alabama - I absolutely love it - needs a little work nothing crazy - very peaceful and quiet - what’s ahead is catastrophic sadly
    30
  2946. A Video from Michael is the perfect way to start the weekend!😊
    30
  2947. That’s why I sold my condo in Daytona in 2022 . There is going to be a tsunami of foreclosures and condo sales once the 100% reserve law takes effect. Great channel keep up the good work. 👍🏻
    30
  2948. My daughter worked for Navy Federal during the ppp loan mess. Over half of the loan checks were cashed not deposited and next to none of them had business accounts.
    30
  2949. Actually if I were a home buyer I would wait 2-3 yrs before making a move. Housing is slow and illiquid, it takes time for prices to catch up with the inventory that will be flooding the market. In the 2008 crisis, real estate didn’t bottom till around 2012.
    30
  2950. I'm waiting until 2025 to buy and paying off all of my bills and buying precious metals. I refuse to buy in like this and be a slave to the bank for 30 years. If prices stay like this I'll buy a piece of land and put a RV on it and pay cash for it all and then retire in somewhere like Costa Rico. These homes just don't have the value to support these prices.
    30
  2951. layoff going up...stock market going up rich keep getting richer! 😃👍
    30
  2952. RENT, do not buy for at least 12 months, the economic fallout of this virus is yet to be felt. Massive bankruptcy, foreclosures, evictions, repos, all coming, this country is broke and in debt, 4 million homeowners filed for forbearance the 1st month, they couldn't pay their bills after just 30 days.
    29
  2953. Unlike in 1984, our entire society now lives and dies by the "what is my monthly payment?" philosophy. That is to say,, accounting for inflation, houses may be affordable now, but in 1984 everyone didn't also have tons of residual monthly subscription bills. Cell Phones, Internet, Netflix, Hulu, Apple, Cloud storage, more expensive car payments, gym memberships, etc. just to name a few of the obvious ones that most people now have that hardly anyone had in 1984. I would include student loan monthly debt payment for those who are actually paying their obligation (that would have been $25/mo. then, and now $1000-$2000--(mine consolidated were $1680/ mo. for 30 years at 9% until I paid it off early from college and graduate school in the mid 1980s). People forget that $50 here and $150 there chips away at a salary monthly when you want to buy a house. Everyone wants it ALL and make no sacrifices in oder to afford a house. It's a choice. Choose to be frugal and live an austere life for many years and you can afford a house. You will not if you want to live near the water in Miami or in downtown Manhattan and have $20 martinis and dine out every night and drive a new car. it used to be white appliances and laminate countertops. Now people right out of college or high school must have high end stainless steel appliances and granite countertops.. Choices. Make them. Live with them. Quit crying about the consequences.
    29
  2954. Once the new buyers fail ,the insurance pays the bank back in full and the bank still has the home .it is also covered by a home warranty insurance .win win for the banks .
    29
  2955. I have lived in Florida for 42 years so I guess I can consider myself a Floridian. There are a few things here that irritate the hell out of me but I suppose I would find them to be the same or worse in any other state. I live here because : 1. I enjoy the climate, and believe or not, I like a little bit of humidity in the air. I’ve spent time in Las Vegas where it was so dry that I couldn’t wait to get back to Florida and breathe in some good ole humidity. 2. I like paying less taxes. No states income tax. No City income tax. No personal property tax. 3. I like going to the beach. You’re never more than an 60 minute ride to the beach no matter where you live in Florida. 4. I enjoy sports, all kinds of sports, football, baseball, basketball, hockey, and NASCAR. You name it, Florida has it all. Top notch college and professional sports teams galore. From Miami to Daytona Beach, Orlando, Tampa, Gainesville, Tallahassee, and Jacksonville,
    29
  2956. You're the man!!! Michael, you are so spot on with everything you talk about. I've said it before in your comments that people have got to stop being so greedy. People need to be grateful for what they have and stop trying to keep up with the Jones'.
    29
  2957. I went to the grocery shop in my new local neighbourhood on the weekend and all of the plant milks are $7.29 (for one!). Needless to say, I didn't buy any, but that is the only shop within walking distance of my home. I don't think with prices like that, people are doing great financially. And I say that as a person in a good financial position.
    29
  2958. Watching now. Love the content
    29
  2959. The truth is always hard to hear! Keep it going!
    29
  2960. As remote work diminishes, I expect remote work salaries to reduce to the point where it's not worth it.
    29
  2961. Yes, I agree. As the economy gets worse, layoffs increase, lending/credit will tighten too. And not just new credit, but credit card/credit line limits will be reduced.
    29
  2962. So dumb. People moved away because they thought the home office was going to last forever. They are giving up ultra low interest rates. These decisions turn out to be financial suicide.
    29
  2963. DOES NOT MATTER. The price of inflation is still going up. This will continue to put people off from buying homes.
    29
  2964. Welcome to California Michael! Shouting out from Sacramento. It is 101 degrees here (now)
    29
  2965. I paid off my student and car loans over the last few years. My 2.6% mortgage is the only debt I hold. Pay off my credit cards every month. I want to keep my fixed coverage ratio low as possible.
    29
  2966. I could not enjoy the content of this video , it is terrifying to me , this can happen pretty much anywhere . Thank you for the info and the hard work you putting into this video , God bless all of you out there
    29
  2967. There are enough homes for everyone. But not affordable so they are just sitting.
    29
  2968. I live in Portland, Oregon. Florida is experiencing the beginning of the housing price boom now, where Portland was in 2012. My rent for a 2 bedroom, upscale apartment in 2012 was $875 mo. Now I live in a 1 bedroom apartment, also an upscale apartment complex, but my rent is now $2,200 a month for a smaller unit. Yes, that's over 150% rent increase in less than a decade for housing payments. Funny, my wages didn't go up 150% in that time...
    29
  2969. Damn tight Michael! The low rates were NEVER normal. I bought my first home in 1999 and the rate was 6.5 percent. My most recent home had a 4 percent rate in 2016 after buying down 2 points. Then again those properties cost $74k and $154k respectively. I live in the latter now and paid it off. You visited Albuquerque at the right time. Going below 30 degrees tonight! Brrrrrr!!!
    29
  2970. 300K subscribers! Wow! Congratulations Michael! 👍
    29
  2971. The strategy the home owners were trying to lease the 10k a month house is called greed and its hilarious that its empty.
    29
  2972. If someone is paying a 10% penalty + taxes ---- you know it's not good
    29
  2973. Crime is running rampant. We are living in a crazy broken society and people keep voting in these politicians. Need a change! Thank You Michael, another great video.
    29
  2974. I didn’t get my order in one month and 4 days and I’m very disappointed my mom won’t allow me anymore to order now :<
    29
  2975. Btw, This was a great conversation between you two. Respect and honesty on both sides. Blessings, C Los.
    29
  2976. Happy Birthday Lizzie! I hope the best for Michael's Channel. If anywhere in America needs a reality check, it is in the state of Florida. Keep up the good work Michael.
    29
  2977. It was a big negative if you had electric heating in a house in MA as it was very expensive
    29
  2978. I drive a 2000 F150 I bought new for 14k, and live in my Joshua Tree cabin I bought for 10k in 2001, good luck everyone✌
    29
  2979. Colorado is the same now. Way to expensive to live here. Loaded with illegals, budget cuts from cities do to this. Home/car insurance is off the hook expensive, AND because of Democrats property taxes are sky high along with rent and food. It's sickening what Biden has done to this country.
    29
  2980. I’m 72 this year and went back to retail work 5 years ago after being off for 4 years. It’s the only way we can be inflation with a paycheck and employee discounts. At my store we have many senior employees, even an 87 year old cashier who has been there for 14 years, who we call The Captain of our Senior Team. It’s also a way for us to get a physical and mental workout to stay healthy and extend our lives. Pay off your house people ASAP. Reality…You always need a place to live. Love and Blessings ❤️🙏😎
    29
  2981. The real crime is that the college's are allowed to charge that much in the first place.
    29
  2982. when will people come to terms with the fact that BIDENOMICS is a depression except for those who live on WALL STREET.
    29
  2983. I can't get over the HOA fees that owners have to pay....in Miami high rises there are well over $1000 per month. Even in Myrtle Beach.. my tiny 550 sq foot condo in which I sold several years ago was up to $500 per month and a two bedroom unit was $1200.
    29
  2984. Hi Michael, I live in Jacksonville, Fl, from Palm Beach County, Fl ...all I needed to see was the area code 32209 ... you typically want to stay away from, Worst ZIP Code in Jacksonville as far as crime. Ponte Vedra Beach here is the nicest and most crime free area to be.... Now I will say that the Springfield area near downtown is upcoming and becoming very nice, especially for younger people, 1st time buyers... You will get a huge house with a lot of Charm for your money but most will be fixer-upper’s. This area at one point was where all the movie stars and rich people lived way back in the day 😊 Palatka Florida is an old, somewhat charming city, very laid back, not a whole lot to do there. You do have the beautiful Saint johns river but about an hour from the beach. Starke Florida has basically nothing to offer. Not many jobs, Very poor city and the state prison is there. (just my 2-cents) LOVE your videos, advice and info... keep up the great work!! 😁
    29
  2985. Michael, might be an interesting topic to cover is how an increased amount of deaths since 2020 and transfer of wealth associated with it had an affect on the housing market. It makes sense that it was part of the reason that lead to bidding wars and real estate selling over asking price because a lot more people inherited assets from their deceased family members.
    29
  2986. Congrats on 300k Been watching since 40k
    29
  2987. You know what's dumber? .. overpaying 3x-4x by hundreds of thousands for a 100yr old cardboard moldy wooden box in a bad neighborhood, that if you miss a tax payment it will be taken away from you. You live only once, instead of vacation, buy a one way ticket, it's cheaper to live overseas depending on the country
    29
  2988. Some people can't handle the truth.
    29
  2989. I honestly wish your videos were longer 😂 I could listen to 2 hours of your videos a day. Very insightful and informative in a relaxed tone.
    29
  2990. Thank you for your excellent coverage and clear-eyed understanding of all the financial shenanigans going on. Thank you for being on our side. 💯
    29
  2991. These videos are incredibly helpful, I want more collabs with Nick
    29
  2992. Know well 3 people late 60's early 70's that went back to work this year out of necessity....no fault of their own, all worked hard, have retirement pensions not cutting it with rising prices, fuel, HOA fees raised, etc.
    29
  2993. The stock market is “ crashing up” just like it did in 1929. The market had a nine year run that saw the Dow Jones increase until September 3, 1929. What is needed is Deflation for the housing market to recover for average Americans. It would get ugly, but I see no other way. What got the U.S. out of this was WW2, and then another economic downturn was right after the War under Truman.
    29
  2994. I need to see at least 50% reduction to get my attention.
    29
  2995. Good evening, I appreciate the content. In California things are slowing down in the private sector. The volume of freight being transported inbound & outbound is low compared to 2023. In the S.F Bay Area we just got notified that PG&E monthly bill will go up, just in general a bad economic climate. Also Google just announced they’re doing a bunch of layoffs in Silicon Valley.
    29
  2996. Looks like consumers are pulling back on discretionary spending too. Airlines travel is down, fares are being slashed, retail, let's see what student loan repayment brings.
    29
  2997. Between the 40% over pricing, 7% interest rate, and rising ownership costs, houses have become depreciating assets.
    29
  2998. Another factor that is never talked about is divorce. As the oldest child I’ve seen my “inheritance” shrink in half twice. One of those was a Gray Divorce…that’s a lifetime of savings and assets cut in half. I’m an executor of 2 estates and those puppies are messy. Lot’s of half-siblings, steps, and cousins I’ve never met or heard of.
    29
  2999. I live in Central Florida with no mortgage on a modest 300,000 home and mine went from 2200.00 a year to 3200.00 a year. I also had my car insurance go up 1000.00 I’m not rich just worked my ass off to pay off my home and I am retired at this rate I will run out of money if the stress of this doesn’t kill me first.
    29
  3000. We are in a recession no questions asked. Possibly depression, time will tell.
    29
  3001. Thank you to,our host for this outdoor walk around segment. Good topic. Good content
    29
  3002. Always enjoy watching your shows. As I watch this, Happy Sunday and enjoy time with your family. Safe travels to your next destination.
    29
  3003. I see people online asking advice on how to get out of their high car payment. Probably is - they are under water on them.
    29
  3004. There’s no way this house of cards stands much longer for single family home homeowners, for HOA ownership…you’re doomed.
    29
  3005. I opened 4 CDs at 5%
    29
  3006. One thing that return to work does for some people is it lowers their hourly pay if you count the time in traffic both ways plus the cost of gas for the car. The work from home was like giving people a raise in pay and those people probably got use to the extra money.
    29
  3007. As I’ve gotten older, I can totally appreciate the pace of a smaller town.
    29
  3008. Happy Anniversary Michael; Congratulations 👏👍
    29
  3009. I like the tax incentive programs mentioned at the end of video. I suspect some rentals would sell if the tax on the gains could be eliminated with a tax credit.
    29
  3010. Yes I remember in school in the 1980s when a teacher told us that prisoners were deliberately causing trouble to ensure they did not get released. This was true when I looked into it. Think about it they get free healthcare, dentistry, meals, a regular standard life and a counsellor to speak too. Us on the outside dont get that.
    29
  3011. The super high property taxes are the bigest problem to affordability.
    29
  3012. It still feels like many locations need a 20% to 30% further decline in price.
    29
  3013. Michael I track the condo market daily in the St Augustine area. I have noticed the prices are coming down and I saw one the other day that was a great buy, until I looked at the HOA. The three bedroom , two bath on a water way was under $300,000, but the HOA was $1000,00 a month . This is a small complex with a simple pool . That is a deal breaker for me . I’m retired with a decent retirement and a large home with land to sell in Tennessee. I want to pay cash for my next home so I won’t have a mortgage. I can’t have a mortgage. The HOA on this condo is a mortgage payment without end and it has no cap. I will not buy until this changes .
    29
  3014. Keep the common sense coming, Michael. It seems to be in short supply for many people.
    29
  3015. I am so sick of so many getting a free ride, from corporations all the way to the bottom echelons, except for people like myself who work hard, sacrifice, and pay a shit ton of taxes. I went to a state college. I worked two part-time jobs to put myself through. I totally recognize that college costs are insane the last decade but why doesn’t the government do something about the monopolies present in higher education, and how they’re all colluding to rip the masses off.
    29
  3016. I'm poor. Saving Money to buy Realestate in a couple Years. 0 Debt. It took over 10 Years working 60 hrs. per Week to get free of Debt. Not the brightest Bulb on the Tree. Live low, Save Large, Start now. Freedom is an Awesome Feeling.
    29
  3017. Dude I have a 24 year history of living in California ending in the year 2000. I have 20 years here in Florida this year and could never afford to live in California which has a much lower quality of life, much higher housing cost, and a ton of obnoxious A-holes who call themselves "locals"
    29
  3018. Older Florida condo prices will drop severely.
    29
  3019. When you retire and you own your home, property taxes skyrocket and you are renting your own home to yourself!
    29
  3020. It doesn’t help to keep housing prices high when insurers are fleeing the state.
    29
  3021. I moved to Florida, north Hillsborough county in 2007, 3 bed 2 bath 10 year old house, paid 160k. Food cheap, gas cheap, cost of living was so cheap. I now live in north Florida. Left during the pandemic. Some sap paid me double for my 1963 basic home i had at that time. They fixed it up a bit and put it on the market for almost double what they paid. Some sap most likely bought it.
    29
  3022. Here in Tampa Bay, the power got restored after 3 days. Onto major cleanup of downed trees on my property and hundreds of dollars of spoiled food. Happy to be alive and able to be watching this video.
    29
  3023. I use to get my vegetable on a regular sale at a local grocery store. The sale price doubled! I use to always get split pea soup for a dollar, now it two dollars. I remember when I was in college I saw condo drop over 80 percent. The real estate market always tend to go down at first slow, then bottoms out as people realize that over price home will not sell!
    29
  3024. Watching a Video from your favourite Youtuber on your Birthday is just a great feeling!😊
    29
  3025. These moving scams are common and disgraceful. Holding your possessions hostage is very common especially interstate
    29
  3026. This sun of a gun brought the hurricane’s with him from Florida.
    29
  3027. We don't cover a thing but we will take your whole life savings gladly. Insurance should only be non profit.
    29
  3028. This seemingly never ending Covid crap is insane. It's time to flush the pipes. Let the chips fall where they may.
    29
  3029. My family’s planning to move from California to Florida and I am very happy about it, because finally I will swim in the warm Ocean😄 I love Cali but the Ocean is cold and the state is expensive! Thanks for the video! ❤️
    29
  3030. I agree with you about the student loan farce. I did go to university, did one useless and one useful degree, and paid them both back while working full-time on an entry level salary (started at $30,000). My interest rate was 7% on that debt for the ten painful years it took me to pay it off, and after all the basics like rent, food, utilities and that student loan payment, I literally had nothing left. But I hunkered down like a good debt slave and paid it because I knew that if I didn't and declared bankruptcy (like a bunch of my friends did at the time), lenders would become more restrictive, making it harder for other students in need to get funding. I've been debt free now for about 12 years, and still haven't been able to purchase a home because I had to build up savings after digging myself out of debt, but every year that I saved, interest rates sent home prices soaring further out of reach. But those years of frugality did teach me a lot of great lessons: I live within my means, I'm responsible, self-sufficient and not a burden to society. So, long, LONG story short, NO, it makes no sense that rest of society has to pay for other people's education, especially in the case of lower income and single parent wage earners having to subsidize couples who are earning $200,000 year right out of college. Absolute nonsense and I hope it gets shut down in the courts.
    29
  3031. Appreciate that you address the issues nobody else talking about here in Florida.
    29
  3032. We are in the midst of a massive wealth transfer away from the middle class. Selling high and moving to a more affordable area is great advise Michael. I wish I was younger to make the move.
    29
  3033. Holy crap Mike! Your property taxes are going up as expected I guess.. Cool that you have planned for this by keeping debt low and being financially responsible. The way you diversify your revenue stream is an inspiration. Love the glasses! Trying to do the same in having multiple review streams.. appreciate your insight brotha👍🏽
    29
  3034. The federal minimum wage was 7.25 in 2009 and it’s still 7.25 in 2022!
    29
  3035. I decided the winter of 1989 was going to be my last winter in the northeast. I subscribed to a mail-order Sunday edition of the Miami Herald and began looking for jobs in the want ads. I had to travel to S. FL for four interviews, got a $30K/yr job offer, and was living on the Intracoastal in S. FL w/i six months! Still in FL 30 years later; and now deciding on my FL retirement location.
    29
  3036. Well working hard today means something diffrent than it did 30 years ago. Back then working hard was working 40-50 hours a week. Today, working hard means working a bare minimum of 60 hours a week or working two jobs.
    28
  3037. I'm only 30, but I love going to bed by 9pm and waking up at 3 or 4am. My most productive time is early morning and love hitting the gym first thing. I feel like I wasted day if I wake up after 5am.
    28
  3038. love your content man, keep educating people. youngsters today no longer have mentors. you're doing good work here. I have a video suggestion that I think people would really benefit from. Could you talk about what to do when your debt goes to collection and how you can settle with the debt collector sometimes for half of the debt you owe?
    28
  3039. You are very smart and only speak the truth!!! many realtors don't tell the truth because they want to sell...
    28
  3040. end the Federal Reserve and FIX the money
    28
  3041. That house for 11,000 a month rent is laughable. Why would anybody rent that?
    28
  3042. I'd be interested in known how much money laundering happens with these house flippers.
    28
  3043. Excellent video as always Michael, and truth be told I don't think we've ever seen home prices shoot up as fast as they did. It was truly and unrealistic/sustainable trend.
    28
  3044. Another added benefit (in FL) is if your roof is still in good shape after 10 years (and may last an additional 10 years), you're not forced to replace for $50k or more in order to get insurance. You replace the roof when it's necessary.
    28
  3045. I'm from New York and don't regret moving to Florida. Despite the drawbacks here, we still have a sense of freedom.
    28
  3046. Congratulations on 300k
    28
  3047. Moved to Florida from NYC, best thing I did. Not only did I leave NYC, I also left its politics. I love not paying state nor city income tax and will vote against anybody who tries to change it. Leave cali politics in Cali, and learn to live free. Liberal policies with taxes have destroyed both N.Y. & California.
    28
  3048. Our rents went from $1,300/no in 2019 to $1,800/no in 2023
    28
  3049. All these houses were probably $25k when new.Lots look small,no room for toys,4 wheelere,boats,motorhomes ect.Aerial utilities are a no no for that price,to much eye pollution.Prices are way out of line,no thanks.
    28
  3050. West Coast beaches are rougher and colder. You get much north of L.A. and it starts getting rocky with cliffs as well and way too cold for swimming. If you want ocean beaches in Ca definitely check out San Diego. There's a lot of great nature in Ca for sure but beaches (anything involving water actually) are generally better on the East Coast from my experience. Fishing, water sports, surf quality, fresh water access like springs and lakes etc. --I think Fl has Ca beat in that regard.
    28
  3051. Yep ! Sitting here with a cup of coffee thinking just that exactly !!!
    28
  3052. IMHO As an income property manager/investor for 38 years, one of the reasons why there is limited supply of housing is.... The Retail market has been heavily manipulated by the large property management corporations limiting supply (as much as possible) so they can keep the artificial pricing of homes high. Remember Zillow was caught buying up housing @25% of market value, flipping it and then selling the homes @25 to 50% of market value. I've got money. I can buy homes with cash, but I also know that the market is too over inflated by at least 15% in certain areas and 25% or more in others. I refuse to play their game because I KNOW the game It's starting to look that Treasuries and CD's are looking the way for me to make good profit this year.
    28
  3053. Yes Michael, tell me lies, tell me sweet little lies. No, keep up the hard reality. Most don't get it, but you cannot do anything about their lack of effort, self-discipline or critical thinking. You do a great job of conveying what needs to be said.
    28
  3054. Breadlines soon
    28
  3055. I want to move to Fl because of your weather and Gov Desantis , many here feeling like I do
    28
  3056. If you do move here PLEASE remember why you did so and vote accordingly. Do not talk badly about our governor once you move here and do not expect Floridians to wear masks or social distance around you. And for the love of God, PLEASE stop giving restaurants 1 star reviews because 'no one was wearing a mask'. This literally can destroy a small business who already has it hard enough.
    28
  3057. Saw your video about Saint Augustine, and a week later I found a job and I’m on my way
    28
  3058. Another great video, Michael. Thank you for your no-nonsense approach, and for calling out the bulls**t where you see it.
    28
  3059. Speaking of social security, I can’t stress this enough of how important it is to have a career that will ALWAYS be in need and something you can do for a very long time. Which is why I have a second degree as a Registered Nurse. There will ALWAYS be a need for this profession.
    28
  3060. After watching this EXCELLENT video and the one mentioned in your comments, my conclusion is that it is better, if one wants to live in a condo, to rent rather than buy. There are too many political and financial headaches of owning. At least if you’re renting and things go sour, you can leave easily when the lease runs out. Everyone I know who’s owned the condo they live in can’t wait to sell and get away from all of the problems.
    28
  3061. EVs are laptops on wheels with nothing but issues and very specific planned obsolescence
    28
  3062. The only thing Grandma Yellen talks about is global warming. I find it hard to believe anything the government says about the economy.
    28
  3063. We almost bought an apartment in that building last year. We checked a few. I didn’t really like any of them. It is terrifying. 😱
    28
  3064. I guess the best financial move is to live in a van cause buying anything seems like a lose lose situation
    28
  3065. One option you missed. Boomers sit tight and let the kids inherit the house.
    28
  3066. I’m a millennial, I am married to a millennial, and between the two of us we make around 80k a year, which is actually under the HUD income limits of our county for our family size. The cost of living has skyrocketed in my little rural area I grew up in. I almost bought a house in 2016 but didn’t because I thought the prices then were outrageous for our area. That will forever be my biggest financial regret. I hope one day I will be able to purchase a home.
    28
  3067. I would not eat fast food if it was free.
    28
  3068. What's happening is people that are from here or been here for decades are running away from the tens of millions of mouthbreathers that are literally flooding in just after telling us how evil, bad, racist dumb we are...they are horrible, which is what made their area so horrible, and now they are here to "help" us...
    28
  3069. The loss in equity can easily be explained by the lowering of home pricing. Sure, there are some areas where homes are increasing, or holding steady, but there are many areas where home prices are dropping. As the value of the home decreases, relative to the mortgage on the home, equity is eaten up. All is good...until it's not.
    28
  3070. Back when I was younger, I went to Realtor school, not to be a Realtor, but to learn what the contracts I am signing actually mean. Who reads them, line-by-line, right? I also wanted to be informed as to what the seller's and buyer's agents are doing. I actually came away with the knowledge that to not have an inspection done by a reputable inspector is dumb, how to recognize and pick a good agent, and what their jobs actually are. This was very valuable as I bought and sold homes over the years. I also learned why you say selling and buying pricing needs to be unemotionally determined and is critical when dealing with real estate. That is very important when selling, but equally important when buying. Your channel provides ongoing insight into the current economy that I find is delivered well, informative, and the walks makes it like we are just walking a neighborhood together and talking economy. Great channel!!
    28
  3071. “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So, throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” Mark Twain. Seems like yesterday I was your age, I'll be 63 in October. Time flies, try to live it with the fewest regrets.
    28
  3072. Just found this channel a week ago. I've never heard this much truth spoken. Appreciate your content. Cheers
    28
  3073. I looked into downsizing into a smaller affordable home. After reviewing finding new home insurance & added HOA I would have to pay an extra $500+ a month to live in a much smaller home in a restricted 55+ community 🤷🏻 well nevermind.
    28
  3074. The older I get the more time I want to spend by myself. Same old people and same old stories. Metallica 🤘
    28
  3075. I love Florida and definitely feel happier here than I was in NY. As an added bonus I moved in 2019 and didn’t have spend my 2020 locked down like my family did up there.
    28
  3076. Good advice on staying away from fix & flip properties right now. Definitely inflated prices. House down the block from me was purchased for $80K in January. Just sold for $249K. New home owner will be regretting their purchase a year from now.
    28
  3077. $1,200-$1,500 a month for a car payment? That’s crazy!
    28
  3078. I’m surprised the first house was even renovated. Seems most of the flippers are so lazy that they buy the house and then immediately put it back up for sale in the same exact condition for double or triple the price they paid a month before.
    28
  3079. I feel so much healthier since we started walking each day!
    28
  3080. Many of the Gen x and others are now believing in renting more. The cost of a house, cost of the mortgage, taxes, insurance, repairs, HOA, hidden fees, etc. are too much for the average person trying to have some peace of mind. Supply chain issues, inferior materials and getting a competent skilled repairman on a timely basis are also growing issues today. Renting allows for easier budgeting, more agility with change of jobs, and more peace of mind.
    28
  3081. I was surprised last night walking around a subdivision at the number of cars that were in driveways. Normally you'd see 1 or 2 but I saw between 3-5 in the driveway at most houses with the lights out, so these weren't parties. These homes are smaller, 2-3 bedroom homes so you can imagine people are packing in like sardines to save money. It's a great idea and I hope more people do it. It's the only way to fight back and it helps those that don't have the opportunity to do so.
    28
  3082. I live in Fort Lauderdale, while we have our faults, it’s cute! I will agree, Aventura is beautiful and so is Coral Gables. I’ve never visited Biltmore hotel but I have gone to Viscaya, it’s beautiful! I used to live in Downtown West Palm Beach and it was such a cute little city! I’m actually in St Augustine right now lol! I went to that same restaurant you were filming at. It was beautiful! I was so surprised about the nightlife in St. Augustine!
    28
  3083. I paid 73k for my home in Ohio. 17 years ago @ pond some woods 2 acres of yard . Now my taxes have doubled.. and I had a offer for 425k. And said no. It’s not even listed
    28
  3084. I pulled my money from a Big Banks and put it into a much smaller regional bank called Sit-n-Sleep mattress.
    28
  3085. What a fun trip you have planned, Michael!!! I envy your escape from miserable heat. I am so excited to see the different neighborhoods, what the houses and streets look like in other states. Yayyyy❤
    28
  3086. A lot of the problems stem from the ones on the board that have no experience or knowledge of how to navigate laws or building codes. I tried talking to the hoa about the new Florida law that says you need to have flood insurance if you are in a flood zone. The president told me he knows we are not in a flood zone. After I showed him the Broward county map of flood zones he still denied us being in the zone. He obviously didn't understand that when new buildings in the area are built they raise the ground so what was once a flood zone now pushed that water somewhere else which happened to be where we are located. The board has still not bought flood insurance.
    28
  3087. They're using fossil fuels to charge the battery on your ev so why not just use fossil fuels to begin with and have a gas engine.... 😮
    28
  3088. I am a Gen Z and I go to school full time and I do work part time :face-blue-smiling:
    28
  3089. I 💯 support this bill.
    28
  3090. I'm so glad your doing well Michael! And thank you so much Michael that you get out for us to make this video even you're not in the best condition. We really appreciate that and wish you fast Recovery❤
    28
  3091. That is the problem with renting, lots or apartments. Rents always go up. The same apartment i rented in the 90s for $400 my just divorced friend is renting for $2300. I know people who bought a house at the hight of the housing bubble in 08 who are happy with their payment now. Renting sucks
    28
  3092. Bring on the pain! I'm only happy when it rains and home prices get back down to 2012 levels, not stuck at prices higher than the 2007 peak financial crisis highs.
    28
  3093. I keep telling people you have to imagine the zombie apocalypse as a housing crisis like in the first episode of the Walking Dead to get the point how bad things are getting with the high cost of living. People don’t end up on the street roaming aimlessly when they have affordable housing and a stable income.
    28
  3094. Forget yo sunset party,! Siesta key drum circle is the place to be
    28
  3095. Relaxed qualification = Taxpayers pick up the tab. Now we have to bail out their student loans AND their houses?? No effing way. These are the same people who said they'd go on vacations & buy disposable items after their 10K student loan bailout.
    28
  3096. All of the companies that are doing these inspections will be completely biased and recommend extensive repairs to every building they inspect. A lot of them will probably be even part of larger companies which offer construction services. If I was a contactor in the USA I would be moving to Florida ASAP as there will be endless work at top dollar pricing for decades to come.
    28
  3097. With my H.O. insurance still under 1k per year, staying in Michigan looks better every day!
    28
  3098. I'm so glad my parents know better. They both tell the realtors that call that they can buy their house after they die in it. 😅
    28
  3099. I remember back in 2006, people buying new cars, boats, vacations etc, house prices had shot up. I couldn't figure out what was going on and had an uneasy feeling. I have the same feeling now.
    28
  3100. 30% drop in the Bay Area already.
    28
  3101. Military spending is added to the GDP, the fact it surged is no shock
    28
  3102. I think everyone who has been waiting to purchase a home should go on a strike and not purchase for 6 months. I believe the prices would dive down.
    28
  3103. What makes this situation even worse is that many homes already placed in parks can not be moved easily. Often the owner of the mobile home loses it to park.
    28
  3104. “The juice is not worth the squeeze!” I love it!
    28
  3105. Building high-rise condos at sea level, on limestone, in hurricane paths with constant sea salt air erosion and rusting reminds me of the luxury homes built on the eroding bluffs along the beaches in CA and it always made me think that it's just a matter of time.
    28
  3106. My guess is that those who own is trying to keep it -- until something bad in their circumstance happens. They've either bought at the bubble and stuck with it or have low interest or more probably no other place to go to make selling an option to begin with.
    28
  3107. People with money moving to FL, people without money moving out of FL, simple as that.
    28
  3108. This is 💯 happening. Even to regular apartment complexes. Owners that bought in high 70’s low 80’s are selling off. Their kids want nothing to Do with it.
    28
  3109. At my wife's office, they said "Come back 1 day every other week." She immediately put in a request to NOT come in that ONE day every other week, and got approved. Out of 300 people in her office, all but six of them requested this, and got approved. I'm wondering why those 6 people didn't opt for that. Maybe they wanted to get away from their children after 3 years of working at home.
    28
  3110. I bought at the peak in 2005 as well. Things didn't work out so I had it listed for same price purchased $300k in early 2007. Highest offer I got was 250k the first offer I got which I declined. It sat on the market for 11 months then settled for the same buyer for 250k same price. The moral of the story is that it was an empty property for almost a year which I continued to pay $2k for. I lost more than $25k in 2007. Almost $50k actually bc I let it sit
    28
  3111. They better get the insurance issue sorted out real soon since we're heading into hurricane season.
    28
  3112. Hi Michael! Not negative, reality just sucks right now. Great rant!
    28
  3113. Home prices down to 2012 levels adjusted for inflation, that would be awesome!
    28
  3114. Why the Heck, did that guy ever get married? Didn't he ever watch MARRIED WITH CHILDREN?
    28
  3115. Thank you to our host for these outdoor walk-around RE tours. Always learn a lot.
    28
  3116. My Hoa put in a new rule that Don Johnson junior is banned from filming the neighborhood while walking around in his boxers and tank top, if he shaves we may reconsider.
    28
  3117. Save money and wait if you can. Dont rush. Florida is always going to exist.
    28
  3118. Some people like the government wouldn't admit anything until it's too late and everyone knows about it. Best example unemployment and homelessness, the government would say: "it's not even that bad"
    28
  3119. WELCOME HOME MICHAEL AND LISI 🌴❤🌴
    28
  3120. I wouldn't microwave that plastic. I'd put it on a plate 🍽️
    28
  3121. Yes keep showing the crazy properties! It helps so people in other parts of country get to see what properties look like, and there values from other states. Keep doing it I really enjoy seeing the prices, and the outrageous tax prices they have to pay.
    28
  3122. I got lucky with the company I landed with during the pandemic, my entire team is remote including 4 out of 5 of my bosses that are out of state.
    28
  3123. I bought my first home in 2002 @365k only to see it drop to 333k in 2009 Then I bought my first rental in 2010 in different city for 280k Add the second rental property in 2013 for 265k Then bought a bigger house to replace my first home @445k also in late 2013 and never add anything since Good thing will come for those can wait Never over paid for property only live to regrets later
    28
  3124. Got my real estate license in 1984. I've enjoyed the business and it's been good to me. Thinking about getting a JOB at a golf course so I can get the free perks. I predict a tough year ahead!! Timmy C Arizona
    28
  3125. You guys look great. Tha Ca weather must be treating you well ❤❤
    28
  3126. That's the advantage of renting. The landlord only has enough pricing power to raise rent to market levels, and since renters are generally less wealthy, there is a cap on the amount of rent that a landlord can charge. On the other hand, if you own, your HOA, insurance, warranty, utility, maintenance, repair, replacement, refinishing, repainting costs (just to name a few) can increase exponentially.
    28
  3127. “If you think your company cares about you, think twice. Because the moment that their earnings start to take a hit, you’re gone.” That is spot on Michael. It made me mad when a former employer complained about employees job-hopping and having no loyalty 🙄🙄🙄your boss doesn’t care about you, and we should all keep that perspective. And reasonable job hopping is literally the best way to make your income go up, in my experience.
    28
  3128. One other issue that seems to be hitting more and more....not enough doctors...as my parents are now in their early 70s it's a major concern
    28
  3129. Ah California, been there so many times on vacation as a child, on the beaches and the mountains, its so freaking gorgeous, but florida is cheaper so i can be there and still be happy
    28
  3130. If you don't have a mortgage you don't need to get any and fall victim to this. There is no mandated insurance required for a home if you don't have a lender behind you.
    28
  3131. It's all failing apart, one piece at at time.
    28
  3132. I suggest to the young ones to start retirement planning early, I thought I’d never get old 😂 and diversify like a home, savings, 401k, assets like gold, silver and crypto. And for goodness sake, stay out of debt.
    28
  3133. Michael, you're loved and have so much to give. Don't give up buddy.
    28
  3134. In the very old days of real estate there was a word that ruled the mortgage business. ASSUMABLE.
    28
  3135. After I paid off my truck I kept contributing that 600+ dollars into a brokerage acct and have it invested in S&P 500 funds. Out of sight out mind. Up to 12k now tucked away.
    28
  3136. When people with bad credit default, the government will probably forgive the loan
    28
  3137. My best friend, who's been looking to buy an apartment in Brooklyn, has been looking since 2019. I've been trying to help him research inventory as much as possible. We've been to many open houses. Every year prices go up. Never do prices go down. It's like the recession doesn't exist in NYC. It's a terrible situation. Many apartments sit empty on the market for years. Sellers won't sell. Reducing apartment prices means reducing the value of entire buildings for which owners can borrow against. It's a racket.
    28
  3138. A friend of mine has a small 2 bedroom townhouse in Ft Lauderdale area. Mortgage and insurance payment jest went up from 1600 per month to 2200 per month.
    28
  3139. The best feeling in the housing market is to have your house paid for 🎉
    28
  3140. Hi Michael, as I commented before, I had an AirBnB on the beach in PR and stopped renting it out because people started having parties and trashing the place. Not to mention a few neighbors were starting to get annoyed with the in and out of strangers. I was thinking to myself then, too many Airbnb’s, this is then end of a great idea.
    28
  3141. Yep, still renting, because of how unreasonable the housing market is. And, in the area we are interested in, there are not many houses for sale. I wish things would change sooner than later. I am sick of living this way.
    28
  3142. Who can afford to rent a home for 55k, let alone 25k a month???
    28
  3143. There is a group of buyers you are leaving out. Retired seniors that want to downsize or move to somewhere warmer. If I was younger, I would not mind waiting. Unfortunately as the years go by, my ability to move, gets more difficult.
    28
  3144. This is why so many people now live in their cars, in shelters, on the streets, on the beaches, in the subways, in the store parking lots or living 2 and three families in 1 apartment.
    28
  3145. Honestly Mike even when I do spring for a meal at a restaurant the food quality is horrible so no I really don’t go out to eat anymore. And that’s not to mention poor service
    28
  3146. Wow, I see the price of these homes and have to ask, who in the hell is stupid enough to pay those prices? They are asking 1.5 million + for a house that really isn't worth 350K with a crappy lot in a state that is hot as hell. You shouldn't be able to give away house in FL that weren't right on the beach.
    28
  3147. What to do now is be frugal and prepare. Save as much as you can.
    28
  3148. Corporate greed PERIOD!!
    28
  3149. Nissan was offering bonuses for dealers to offer 9+ YEAR loans! We know what audience they're targeting with that
    28
  3150. Keep up the good work Michael, your reports are awesome 👍
    28
  3151. Went out to get groceries ($125 later for barely anything) and saw 3 Uhaul trucks, everyone moving out.
    28
  3152. When I hear how it is in the USA, it is actually unbelievable that it has not collapsed yet. How do you afford it?
    28
  3153. Hey Michael, I finally made the leap and moved to Miami Beach! I am living in South Beach on Pennsylvania/13th Avenue and was able to get a full time job within a week of moving here. Your videos really helped inspire me to make the change and I wanted you to know that.
    28
  3154. Rich people bleed too
    28
  3155. It’s hard to gain equity when you can potentially be down 30% in the next 2 years. It’s insane to buy right now. Worse, homes don’t come anywhere near appraising. Unless you’re putting down a large sum to fill the depreciation gap, you won’t get a loan. Lending is getting tight.
    28
  3156. It's similar to all the people that rushed out to buy tons of toilet paper and paper towels during the pandemic. These regretful homeowners who rushed into the panicked marketplace will pay up and eat their losses. Most of the bad decisions were probably from people who relocated from out of sate and felt pressured to rush.
    28
  3157. Ive seen many Public Servants now work from home leaving our Public Buldings basically empty - that we pay for.
    28
  3158. We are at the peak of another massive real estate bubble, record-high unemployment, unemployment checks, foreclosure and eviction, forbearance ending at the end of July, 50% of small businesses not coming back and a wave of Bankruptcy are coming, just to name a few reasons not to buy. House will tank hard in 2021, by 2023 prices will be lower by 25-40%, so wait and get your dollars up, this depression is just getting started and there will be opportunity coming if you position yourself right. Just my .02
    28
  3159. I’m tired of looking :( it’s horrid for buyers in CO. People offered 100 K over on a 450k home & waving inspection I’m not going to complete with that.
    27
  3160. I was born and raised in New York and I HATE IT HERE !!!!! I’m working on moving to Florida as soon as I can.
    27
  3161. We were very tempted to buy a bigger home outside of California for a better cost-of-living environment. So glad that we didn’t because her job called them all back into the office within three months after lockdown started.
    27
  3162. There is no shortage of housing. There is massive shadow inventory that will come to market, sooner or later.
    27
  3163. In Tampa many mobile home parks are being bought up. Now they are huge apartment complexes or shopping centers. Even some of the golf courses are gone. So sad many middleclass can't afford a few hours on a golf course.
    27
  3164. Thanks for discouraging people from moving here. Too many people already moving here. Love our funky little beach town!!! KEEP FLAGLER FUNKY 😎 🏄
    27
  3165. I remember reading an article in 2006 about a janitor (that spoke no English) who qualified for a $550,000 home loan from Countrywide. Keep giving loans out to those who can’t repay them and it’s 2008-2009 all over again.
    27
  3166. Waiving an inspection is simply stupid and I don't feel sorry for anyone who did it.
    27
  3167. I love having more months of summer than winter.
    27
  3168. This is how they take everyone's homes. Increase property taxes and house insurance. "You will own nothing and be happy." The agenda is to create a rent based society.
    27
  3169. Well, we made a major change 2 years ago. After all the stimulus checks went out I looked at my husband and was like "who is going to pay for all of this? "and he basically said " it's coming out of everyone's future earnings". We were living in Seattle at the time and left to move back to our MT home. We started living way below our means. This is completely different then our ordinal plans. We can afford to buy things and this doesn't have the same impact on us that it sounds like many other are having. I also stopped buying certain things. Partly to save more and partly because some of these price hikes I cannot justify and refuse to pay those prices. We are almost completely debt free. We are just about to pay off the house here soon. All I can say is that if you can, go live below your means if possible. I will say I both love and hate this. It has it's pros and cons that's for sure. Being in a home that is half the square footage of the other house sucks but my overhead is lower and we are working towards a bigger goal.
    27
  3170. A continued thank you Michael for always keeping us informed, saving us from making some huge mistakes!❤
    27
  3171. I saw this in the middle of the night. I couldn't sleep after that. I watched all night. My God what a tragedy 😢prayers for people that are still trapped and their families
    27
  3172. You two are my faves along with Reventure Consulting! Good content guys keep it up! 💯
    27
  3173. Buying a HOME should be an Investment in a PEACE OF MIND. "HOME SWEET HOME". Your safe haven from the ills in society your privacy and guranteed sleeping location. Buy a home you want to live in, in a place where you want to live at and remain there until death or until the wheels call off. Be guided by the pleasure of home ownership NOT by a business deal. In the future if someone offer you a substantial amount for your property you invested Tender Loving Care in THEN OF COURSE, take the money & run. This is my opinion.
    27
  3174. During 2007 and 2008 I was out on the road during that part of the collapse even though me and my co-driver was paying attention to how many people that were in homes that could never afford them that should never even moved into them to begin with the reality of the financial situation of the us at the time nobody considered it real until they lost it
    27
  3175. I live in Windermere, Florida. There are lots of homes for sale but no buyers anywhere. Lots of people have been sitting on the market for months. After a few months, people take the listing off and repost it a week later to make it look like it is a new listing.
    27
  3176. Michael, Great Video! My heart goes out to the people who suffered losses in the fires, and wish them all God's Speed... I live in Northern Utah and love it here.
    27
  3177. Buyers have already spoken with their wallets, the majority do not want ev. So those people will not be working long.
    27
  3178. I do 10 insurance inspections per day on the Treasure Coast of Florida. The fixed income folks are FREAKING OUT over insurance and the cost of EVERYTHING they have to buy. One lady was quoted 14k to replace a 5x5 arched window in the back of her house!
    27
  3179. Americans need to understand that foreign people constantly buy in Miami.
    27
  3180. The batteries add much more weight to the car, so the tires were out much faster. Also the extra weight makes accidents much worse.
    27
  3181. $6000 at 29.99% interest
    27
  3182. A big negative you left out, the Florida back up. I always remind guest to never ever, ever, walk behind cars in parking lots unless you can see the driver inside. The Florida back up goes like this, get in car, start up put it in reverse back up about 5 or 6 feet then do the body turn to look behind for anyone in the way
    27
  3183. Catrin Servin the constitution and bill of rights are in English, so as far as I’m concerned, it is.
    27
  3184. I have just signed a lease for a year hoping to save more for down payment. I may stay 2 years renting before I buy, I need either better home prices or lower mortgage rate. If these won’t happen I will consider moving back to Europe, for 2-5 years.
    27
  3185. If student debt is forgiven inflation will skyrocket. We have to much financial forgiveness. Learn how to fix your own mistakes. That's an education in itself.
    27
  3186. No one just moves to anywhere with out planing .A lot of thinking, planing ,investigating , comparing goes into a decisions to live in Florida or for that matter any other state . You can find good and bad in every state in the U.S if that's what you want to do . Go where you think you'll be happy .If Florida put's a smile on your face ,then it's off to Florida ,If Buffalo NY make's you happy it's off to Buffalo.You see Paradise can be a place in your mind also .......AS for me i'll take Florida over every state .
    27
  3187. St. George here and you're 100% correct. It's totally unsustainable. Homes that were $400k two years ago are now $1 Million+ and the water is something everyone likes to ignore. I might be moving from this area soon.
    27
  3188. Scam. They're going to make that back in interest in 6 months.😂
    27
  3189. Guam. All homes have 2 foot side walls out of concrete!
    27
  3190. Good stuff, Michael. We almost though it was a good idea to get in on the AirBnb craze. Now I'm glad we didnt! Short lived!
    27
  3191. All these expenses are unsustainable....we are all in trouble...no matter where we live...please everyone be safe
    27
  3192. As of 2020, banks no longer have a reserve requirement – they can have 0% in depositor reserves. As for the $250,000 FDIC protection, they have around 1% of that actually available.
    27
  3193. Most men are terrified of getting laid off, not because of the psychological consequences of it, but because the chances of their marriage ending is massive. Women don't usually stick around when the money stops coming
    27
  3194. My job is protected ( God willing), I have wfh the 2+ yrs. They were able to close one of the big buildings as sitting empty. Even managers have relocated all over the country, we have regular manager meetings weekly and as long as productivity is good they don't care. 😊
    27
  3195. I remember 30 years ago, people 3-6 months from retirement getting laid off or fired and losing their pensions after 30-40 years of loyalty to the company.
    27
  3196. My parents and I would go to Treasure Island back in the 1950's. The whole area was a paradise. Now it is a liberal cesspool.
    27
  3197. Michael, good news - US judge blocked the student loan forgiveness
    27
  3198. I met with my bank lender on Friday and mentioned this. To my surprise, he was completely unaware of this. I simply told him, I'm surprised since you're in the industry and well, maybe the news hasn't reached you yet. He agreed this is completely backward. Honestly, if the govt wanted to help those with poor credit, buying.a home, they should bring back the govt programs that help low-income populations, and increase the state's first-time buyer funds. Not the other way around and basically "steal it" from those who actually worked hard to get where they are.
    27
  3199. People's mentality is if it doesn't happen overnight it's not going to happen these are the people who buy the top of everything and are completely in shock when it does happen
    27
  3200. We were in Homestead FL shortly after Hurricane Andrew hit. The devastation was almost indescribable. It's great to be prepared in advance but getting out of town is often a better option. Personally, I don't want to be without electricity for an extended period of time. Been there, done that & it wasn't fun. I'm hoping for the best for everyone in FL 🧡
    27
  3201. Im so glad I found this Channel! This Channel is entertaining and informative at the same time.
    27
  3202. Glad the country has it's priorities straight! Meanwhile, thousands of decorated veterans are homeless and hungry.
    27
  3203. Watching from Ireland Michael, We have the same issues regarding huge increase in housing, insurance and the cost of living, It's almost like it's been done on purpose. But at least you have the sun. 😎
    27
  3204. Mark Twain said the coldest winter I ever spent was my summer in San Francisco
    27
  3205. The price history of homes on Zillow is such a valuable tool. We can see the outrageous price increases of recent years. I have seen many say a price increase of 3 to 5% a year is normal for housing. I realize we have to take in account of upgrades and repairs, but some of those price increases Michael shows us are crazy.
    27
  3206. Absolutely GREAT reporting. No one else digs into the real facts like you. Your willing to call the actual facts out. You actually tell us what’s really going on and show real life examples. Your self pride is reflected in your reporting.
    27
  3207. Thanks Michael for bringing your better half along for your daily stroll 🚶 😊
    27
  3208. I love the fact you mentioned "14 years". Yet, todays people want overnight success. Sacrifice and determination.
    27
  3209. Those of us who have been trying to buy for the past two years are very aware of the current market but I feel like the sellers have not caught up yet. Where I'm looking ,Bucks county PA I'm seeing horrible, dated houses being listed for $900K and need a head to toe update only to sit for three months. One house in particular just decreased their price by $150K...$150K!!! I was like, there ya go you greedy bastard! ;-)
    27
  3210. At this moment, Florida real estate is a wobbly house of cards just waiting for a slight push.
    27
  3211. Travis, like you we got hit too in the great recession. Lost our handyman business and home. Banks wouldn't work with us even though we had excellent credit. Years later had a credit card we defalted on for 9,000 dollars, a judge gave a creditor who bought it a 65,000 judgement against us and garnished our wages. We had to declare bankruptcy 7 years ago to get free from that. It was horrible and we recently had finally just bounced back, and saved our money, and were ready to buy again two years ago. However, the insanity hit and prices skyrocketed so we said NO THANKYOU and did not buy. I remember what it was like to be upside down on a mortgage. Everything was just going up way too fast. We are in one of the top crash zones for housing. Just sitting on the money now, adding to it, and waiting. We have no loans of any kind. We own outright all three of our cars. No credit card debt. We are very fortunate not to have greedy landlords. The other rental homes around us go for 2,500 a month, but our landlord never raised the rent and we are still at 1,500 a month, so we are just going to sit tight and wait for the crash (already been here 4 years). I'll check what is going on come spring and see where everything is at. There is NO WAY I am entering an inflated home value market again. Last time around I did not educate myself properly. This time around I am paying very close attention. Last time around, we bought at a time like right now. We thought we had gotten a deal with paying 20,000 under the estimated value. Several years later it tanked and we were upside down on that mortgage by a lot. Not going there again. NO WAY, NO HOW. I can patiently wait for such a big purchase.
    27
  3212. I'd like to sell my smaller home in the city and move to the country on a few acres, but I have a 2.75% rate and I just cannot make a move when the economy is so screwed! I feel everyone that has a good rate will be holding onto their home unless they are forced to move or have a lot of $$
    27
  3213. i see all these videos about economy collapsing yet traffic is worse than ever, restaurants are packed, malls and outlets are packed. i just dont get it. Home prices and car prices are still 40-100% higher than they were in 2019, where is this collapse occurring exactly?
    27
  3214. Investors pulling out is definitely a warning sign. Happy Friday Michael, Thank You!
    27
  3215. Redfin released a report that investors lost money in 14% of homes (1 in 7 homes) they sold in March. In Phoenix, 30.7% sold at a loss, followed by Las Vegas (28%), Jacksonville(20.9%), Sacramento (20.2%) and Charlotte (17.4%).
    27
  3216. Has anyone else noticed the rent is too damn high?
    27
  3217. WELL HAPPY FRIDAY MICHAEL AND FRIENDS 🎉🎉🎉
    27
  3218. Man, housing prices have gone so high in Florida, compared to past prices. Forwarding this video to my friend, who is looking to move to Florida…particularly the Sarasota area. Thanks for another great video, Michael!
    27
  3219. I'm gonna buy the old Kmart in town if the price is right and make it my Man Cave!
    27
  3220. I was wondering about Open Door. I went to their website and it still says they're still buying in Florida. Ironically, yesterday your video was interrupted by an ad from Open Door. I hope to see their doors closed, permanently. I hate what these institutional investors are doing to our housing market. Part of the reason people work hard is for a piece of the American Dream. If they realize they'll never get it, what's the point of going on? It's really sad. Sometimes I see why people 'check out' and don't participate in the economy.
    27
  3221. Hi Michael...you also need a Florida ID to get homesteaded which saves a lot on property taxes.
    27
  3222. I'm starting to wonder if it's worth the fight to stay in Florida anymore. It's so crowded and it's just not the same
    27
  3223. Never stay with the significant other because of the kids! I did & it ruined their lives & mine. In fact one will be in therapy for the rest of her life. Screw that saying.
    27
  3224. WELCOME BACK TO CALIFORNIA..115° TODAY IN THE DESERT.. HAPPY 4TH EVERYONE!! 🔥🏜🔥
    27
  3225. My plan in Northern Ontario, Canada is to build a home myself and not insure it. Cash for materials and no mortgage. There is a risk to losing the house, but I will take my chances.
    27
  3226. Wow, I was born and grew up in FLA... looking back to to pre 2019, it was a relative low-cost paradise. These days, no matter which way you turn, expect to get punched right in the face. I really don't understand the current wave moving to Florida. Insurance, hurricane risk, prop taxes, home prices, HOAs, oppressive heat 7 months of the year... and add high interest rates on top of that! Might be time to look elsewhere for your paradise.
    27
  3227. Personally, I don't think for a second that you would like to see our economy falter, for any reason. I have watched your channel for a couple of years and your words are always kind, and I appreciate your candor and reliable information, (as reliable as anyone can be). Thank you for the quality content and really nice show.
    27
  3228. I've tried to put myself in the shoes of those who would buy with these insanely high mortgage payments cause of high rates and I can't wrap my head around it. Excluding few markets, now buying in most markets is a gamble and could lead to financial suicide. Word is out, up to 75% of buyers who have bought in the last 2 years regret buying for a number of reasons. The math and logic is there and should deter potential buyers but many don't seem to mind. I just don't think many people think of what the future can bring.
    27
  3229. The no alcohol rule makes any beach better for families
    27
  3230. Thank you for not over editing your photos or making them obnoxious. Just a guy, sitting, calmly telling us facts! Love the video.
    27
  3231. The value of condos in 2-story buildings will soar.
    27
  3232. Hi Michael, I really enjoy your video's! I live in the midwest but I love the scenery and the straight forward talk if you will that you share with the viewers. You tell it like it is. Keep up the great work you do!
    27
  3233. Mike, people in this country lack financial literacy. They are not educated in risk management or much else. I like your channel for that exact reason. Thanks
    27
  3234. As soon as unemployment goes up, the housing market is doomed. That's going to happen at some point. With a lack of demand until houses are more affordable, it's all but inevitable the bubble will burst. The only thing that could sustain house prices or bring the housing market back to it's slow steady increase, is if employees are paid more money. Which do you think is more likely at this point? People losing their jobs or people making more money?
    27
  3235. Here in Louisiana my homeowners insurance has gone from $2300 to $5900 in 2 years. I’m on the side of my city that’s away from the coast so the people farther out are having it worse. It’s almost to the point where you might as well be buying a new roof yourself every 2 or 3 years. Houses cost relatively less but we are all paying a premium for insurance in a state that doesn’t have much to offer compared to Florida and others.
    27
  3236. If high interest rates help force down prices then it's a boon for cash buyers;
    27
  3237. I want to work but I apply to jobs and never hear back. I also wouldn’t call myself Gen Z either. lol
    27
  3238. I love how everyone is just ignoring that extra 200% jump in housing from 2020 thru 2022, and then the housing was back to the steady overinflated trend line we see today. Nothing matters until that ignored spike gets back to the "normal" trend line.
    27
  3239. Michael's videos are a top service that provides information about the housing market and the economy! Firstly, you can watch the videos completely free and secondly, Michael is someone who has experience in the housing market and knows what he is talking about. Where can you get such a good deal than here on this great channel! 😊
    27
  3240. Michael Bordenaro for Fed chair 🇺🇲
    27
  3241. Work at home employees started to take on 4-5 full time jobs a couple years ago. I’m not surprised that it took a long time for employers to figure this out
    27
  3242. What is even scarier is there are idiots paying pay these prices........
    27
  3243. MOM----- bring my potpie down to the basement !! tell DAD bring my drink !!!
    27
  3244. The name of the game in this generation's world is to be creative. Focus on what's working. Don't focus on what's broken
    27
  3245. This is a true store, I’m in Nevada where you get fined $400 for even having one day of insurance lapse. They just raised my car insurance from $130 to $199! I have no choice but to just comply and pay.
    27
  3246. Congratulations! You earned it. Thanks for allowing us to be a part of your unboxing ceremony. We love being a part of your YouTube community.
    27
  3247. Learned some hard lessons being a poor kid. I told my daughters that even if you have five cents left by the time you're paid again you are ahead of the other 99% of people that go into debt for any reason. Get paid interst, don't pay interest.
    27
  3248. It’s hard to image that condos and an average home will be out of reach for the majority in the next couple of years. Once it starts, only multimillionaires will be able to afford a place to live. Most won’t be able to get or afford insurance.
    27
  3249. I love your message of “living happy” a I completed agree.
    27
  3250. Facebook laid off 11,000. Amazon to lay off 10,000. Twitter just laid off 4,400 contractors. FTX filed for bankruptcy. Sally Beauty is closing 350 stores. Things are heating up.
    27
  3251. Counties should be held accountable. Here in Florida not enough inspectors so drive buy inspections are done. HOUSE NEVER INSPECTED PROPERLY
    27
  3252. In my area, there are zero signs of inventory increasing. Inventory is incredibly low and prices still remain very high🤷🏻‍♂️
    27
  3253. Many areas saw the lows in 2012, which is about 4 years after the 2008 bust. I agree with you the lows this time will happen in late 2024 or 2025 at the earliest. Especially as more high-salaried employees are fired. "Fixer-uppers" can be more expensive then a brand new house since tradesmen are VERY expensive. Remodeling costs an arm and a leg these days; labor+material.
    27
  3254. My apartment is the same way. My rent is about $2300 but is about $2700 after all the fees
    27
  3255. It’s so true, Ins. Rent, essential products are unaffordable, my Auto & House insurance went up. We are paying 18% more for everything, to keep our style of living the same that was in 2019 we are paying 11K more per yr. So can anybody tell us what good has the Biden ADM done to make our lives better?
    27
  3256. Loving how many videos you're putting out lately! Thanks for all the work you put into these Michael!
    27
  3257. Also ,if You purchased a house in the last two years at top Price and house declines 20% or more , this might start effecting Your thought process.
    27
  3258. Another great episode with Brandon! Cars/ trucks now cost what houses are in parts of the Midwest! Job growth is now negative. Please keep the partnership with Brandon going. Your video messages are more relevant month after month.
    27
  3259. Snowbird's are going to be greaty reduced this winter.
    27
  3260. A lot of people forgot the golden rule of investing with their stock market retirement plans. Never invest more than you can afford to lose.
    27
  3261. Some of the best content on YTUBE, your honest and thoughtful commentary is always right on track and getting to see those cool Florida neighborhoods is always fun!!!
    27
  3262. It's 2008 all over.
    27
  3263. because all that money they printed went into their pockets very little went into ours.
    27
  3264. Sadly buyer beware. Land fees being raised by equity funds etc. just like HOA fees YOUR Renting!!!…. Own ur land own ur four walls , roof and etc.
    27
  3265. They need to make more homes tiny. Tiny home community’s and all energy efficient and solar. Learn to live with less so you can afford more.
    27
  3266. I recently bartered an ounce of gold for $2000 of dental work. The spot price, at that time was $1750.
    27
  3267. Thanks for sharing the fees Michael. I was shocked what some places were charging and I actually removed quite a few from my list due to the cost of fees. Finally found a place that isn't trying to gouge people. I would much prefer to rent from a private landlord but those are really hard to come by in central FL, not unless you want to rent a house, which I can't afford.
    27
  3268. You two together is always a treat!! Great information
    27
  3269. The rental inventory is now insanely higher on my local MLS. The amount of reductions in asking rents are also full of red downward arrows. A potential renter can negotiate their rent like they can negotiate a price for a home; even ask for a lower security deposit and perhaps a free month's rent. Many of these landlords once tried to sell and failed so they are renting it out.
    27
  3270. Gas prices must be killing Fedex and UPS.
    27
  3271. People are screwed in the head stealing the money meant to help real people struggling. We applied and were set for a grant but due to a lawsuit, did not recieve. We ended up having to close our business as a direct result.
    27
  3272. Congrats Michael on your Silver Creator award and on 100,000 subscribers! Thanks for all you do.
    27
  3273. Isn't this the area where the high rise apartment collapsed
    27
  3274. 😂😂😂Winter huh? It’s 30 in NYC!! It’s ok this is my last Winter here, moving to Florida in June or July. You’ve been an Inspiration, thank you for all your time and effort to bring us countless videos 👍👍
    27
  3275. Thank you Michael. Thank you for your effort keeping us current.
    27
  3276. Following you from Sweden, and i just wait for the market going down here to. We have the exact same problem. Am glad i sold my big house 1.5 years ago and downsized to a tiny house in the woods. Keep up with your videos 👍
    27
  3277. This is the worst fed that we have had. I can't remember a fed this bad. Maybe back in the '80s. Yes they are completely out of touch with what's going on. Every expense that I have is up considerably and I'm retired living on social security and a pension
    27
  3278. Michael, I'm so glad I happened upon your video. Thanks a million. I'm in central NJ and have been watching the market these past two years as a first-time homebuyer. You gave me more candid advice in this one video than any research or contacts in the industry have for the past few years. For instance, didn't know about the 3-year expiration on the pre-payment penalty. Excellent. These are things to consider- thanks again!!
    27
  3279. They getting ready for Hyperinflation! Prices will change in minutes.
    27
  3280. Born and raised in California. Third generation native Californian. Fifty years until last year. Weather is nice. Northern California is not to bad. I had to leave for a better life for my family. California now has homeless,crime, strict gun laws, liberal politics, crappy schools, high taxes, high home prices, I left for Tennessee. Best decision my wife and I bought a house in less than four months. 210,000 believe it or not. The only thing I miss about California is the weather the mountains and good people. There are still good people there.
    27
  3281. Dont worry it will catch up with Brad
    26
  3282. Your the very best & most honest and down to earth YouTubers I’ve ran across . Thank you for your content , keep up the great work Michael !!!
    26
  3283. Get rich quick usually ends up with get poor quick. That’ll happen when those tenants can no longer afford the rent and nothing comes in for months.
    26
  3284. Real estate is in more trouble than the data is showing that's for sure
    26
  3285. During the great depression my great grandmother rented out bedrooms in her octagon home in Milwaukee WI. Racked and stacked and bought more and more as folks were desperate. I remember when short sales and foreclosures were the market 2008 thru 2011. It took several YEARS to start looking better. " YEARS "! IN THIS INSTANT SOCIETY we are gonna see heads spin because we have NEVER experienced what is coming.
    26
  3286. Sorry to hear that but honestly, it seems like your mistake! Opening a dispute when you've already paid is never gonna work. I've purchased a few websites on Flippa over the past months, some of them have grown, the others not so much. Here is the checklist I go through when purchasing a website: 1- Check GA organic traffic 2- Check GA incoming user countries (make sure you're getting tier one countries, otherwise the website is not healthy) must be US, UK, CA 3- Check domain authority on ahrefs 4- Check SEO stats on SEMrush to make sure it's healthy, especially backlinks
    26
  3287. Literally saw this in action, our building got bought in September 2022 and now there is a "for sale" sign in front AND I found the listing for the building. They just don't want to put in the effort the fix everything, plus I think they bought too many properties last year, fun times.
    26
  3288. I'm seeing price cuts in my area BUT: 1. The homes are often in poor condition; 2. If you look at the sales history, they're still way overpriced (seller bought the home for half of what he's asking now, with no significant improvements to the property); 3. The neighborhoods aren't the most desirable. Last crash, it took two years for prices to bottom out. It'll take at least a year this time and maybe longer. My guess is that don't buy until a year from now and if you can go all-cash or a huge down payment (50%+), so much the better. Cue the heavily-indebted investors/flippers in the comments, screaming IT'S A LIE! A LIE! THERE'S A HUGE SHORTAGE AND MY HOUSE IS WORTH ITS WEIGHT IN GOLD! GOLD I TELL YOU! Yeah, sorry to be the frog in the punch bowl, guys, but you're in trouble.
    26
  3289. You make good points about remote workers moving and driving up costs. This was definitely exacerbated during the pandemic. One thing to note is that not everyone gets to keep high salary living in cheaper area. Didn't happen to me.
    26
  3290. In my experience real estate has been a terrible investment, but I love your content!
    26
  3291. Due to his hard work my son graduated from college with no debt. He wants to go law school so to pay for it he joined the Navy for the GI BIll. Halfway through his enlistment and living a good life in San Diego.
    26
  3292. Greed is what get investors trapped when price continues to drop.
    26
  3293. Michael you can brag on all you want about not having Florida state income tax. The whole insurance game, sales taxes and out-of-control property taxes more than make up the difference to keep the cost of living there completely unaffordable.
    26
  3294. I have a story to tell you and anyone who reads this. In Phoenix Arizona there is a Public Park where several hundreds of people have set up tents because they became "homeless" in the past two years. Tv News went to interview some people in the park, one man said, he had an apartment and was paying his bills every month. Landlord after a year raised his rent for the following year, it was too high for his wages so he had to leave. The man figured what he was making per hour at his current job? was not worth the cost of renting anymore. He was only living to pay the rent and utilities and was broke from week to month every month and lost "hope". I work from home and sales have dramatically dropped since July 2022. I believe things will get worse over the coming months. By the way, love the beach walk and your hair blowing. 😊
    26
  3295. Sell now, you have 2 months, after that you definitely missed the boat and it is way too far to jump onboard. Don't wait until inventory skyrockets in a few months for many different reasons...I was a young agent back during the crash. I got out, quit, but did keep tabs on the last crash and it did take about 5/6 years and up until the pandemic many were still underwater up to 2019 according to some properties I've researched just by looking at the tax records and history...You both are the only 2 millennials I trust on youtube.
    26
  3296. As a home mortgage servicer, insurance policies are going up and up and up. This also drives up the mortgage payment due to it being escrowed for most customers. Customer told me she would rather keep the lender placed insurance on the home since it’s cheaper than her florida policy. 😅
    26
  3297. I’ve been seeing people in front of me at the checkout counter of grocery stores having their cards declined lately. Alarming.
    26
  3298. I'm 43, paid off $50k in student loans, I can't remember the last time I had "fun".
    26
  3299. Here in Northern Virginia property taxes go up EVERY year even after you’ve bought the house.
    26
  3300. I love watching Glenn from Redfin - everything he says is the exact opposite of reality.
    26
  3301. You didn’t mention Down town Saint Petersburg. It’s beautiful. Restaurants, bars, waterfront, pier everything in walking distance
    26
  3302. What’s wrong with the sellers in Miami? Greed has a limit. Excellent video!!!!👍👍👍👍
    26
  3303. Thank you to our host for these walk-around outdoor presentations. Welcome to your dad. Look forward to your vlogs
    26
  3304. We need guys in Congress like Michael! Not these sleazy lawyers and multimillionaires!
    26
  3305. The "King of the Condo" is now the "King of the prison soap" 😳
    26
  3306. This isn’t just going to affect Florida, it’s going to affect all homeowners. These insurance companies will have to recoup their losses, and in the end it’s always us which pay for it all, everything. Watching the entire house of cards crumble can be quite bittersweet.
    26
  3307. Women can sleep their way out of their parent's home to a well off older man.
    26
  3308. Dave Ramsey capable of giving incorrect financial advice? Horrors!
    26
  3309. I paid $121,000 for a triplex in 2016. I listed it this past Thursday for $575,000. Today I accepted an offer of $631,000. 🤠💰😱
    26
  3310. Families used to live by the code that owning a home was the only way to go. But, homeownership requires a lot of work that isn't cheap.
    26
  3311. The reason we are here is because we have been “lied” to about everything! Thank You Michael for telling the truth! Because we normalized all this crazy stuff, people can’t handle the truth! The movie “A a few Good Men” had it right! Nothing can stop what’s coming!
    26
  3312. 20% reduction is not that bold of a prediction, it's pretty much guaranteed. I say we are looking more like 30%, but that might take a little longer.
    26
  3313. But Powell and Biden say it's all gonna be GRRREAT!
    26
  3314. i’m just building my liquidity and taking Warren Buffets advice “you don’t make money when you buy, you don’t make money when you sell, you make money when you wait”
    26
  3315. The father (of the 2 sisters) probably never dreamed that home would climb to $3.5m in value. I agree with the 2 sisters that it’s best to sell a property than to let it get dilapidated and possibly have it destroyed by a hurricane because you can’t afford the insurance. Then throw in the property tax and it’s a no brainer. They probably just count themselves blessed they have $1.7m coming their way.
    26
  3316. Retired electrician here in Michigan, our health insurance told us years ago, if you get hurt in a car accident you use car insurance.
    26
  3317. Michael I'm impressed you spent that time with Margaret she was sweet and it's nice because most people wouldn't even talk to her ,you and your wife are a very good team ,and there's a plan for young people wanting to buy a house ,
    26
  3318. Not worth it. Get your own home without anyone living above you, beside or below you. Also if you ever buy a condo you'll be hit with insane HOA fees
    26
  3319. It’s about time! California needs to as well
    26
  3320. I have no traditional debt. I own my truck. I have no student loan debt. I eat Ramon noodles and canned beans and still yet I'm struggling to survive. I know you don't want to hear this but at this point, Self Controlled Alt Delete is now a viable option!!!!!
    26
  3321. I live in a lower to middle class and majority white community. All are Walmarts are self-checkout and I read the police blogger. Im happy to report there is very little retail theft in my area. Lots of DUIs though.
    26
  3322. I would rather drop my price 10 percent and do a fsbo vs pay a realtor 5 percent.
    26
  3323. The real deal will be after the holidays, Q1 2024. In another subject, may everyone have a great thanksgiving.
    26
  3324. I liked the idea about offering homeowners tax incentives to sell fair market value to real homebuyers. I’d love to see that get some traction.
    26
  3325. All of this upsets me so much. My husband and I are retired with a paid off home, 500,000 in an iRA and no debt. We both also have above average Social Security incomes and a small pension. Most of our friends for years went on vacations, upsized their homes and bought lots of toys. Now most can’t retire. We were responsible by living below our means. I see all around us all of the student loan bailouts, extra veterans benefits, the huge child tax credits, Earned income credit, free healthcare for the poor and many other programs I probably don’t know about. In our state you make out if you are poor and have children. I know of a couple where her husband doesn’t work because between all of the government orograms he makes close to 75,000 a year! But the elderly get very little help. They want to cut Social Security! We worked! Cut other programs!!!!
    26
  3326. Still waiting in Miami! Prices are too high and those buying will regret it These properties have increased their prices by 30, 40, 50 % and more in only two years. This is insane , wait , wait this is not sustainable.
    26
  3327. If you're going to drive along the coast on US-98, there are two very small charming cities of Apalachicola and Port St. Joe. If you're going along I-10, there is Falling Waters State Park, which has a 70 foot tall waterfall. Also, in Marianna, there are caves you can tour inside at Florida Caverns State Park.
    26
  3328. I make 190k in ohio and you nailed it with the 400k for an average-ish house. I don't even feel comfortable doing it because I'm worried my business could slow down next year. We are renting still.
    26
  3329. As a nurse, I won’t recommend to retire on third world country without health insurance. Some countries are more expensive to get sick without health insurance.We did try to live abroad and we didn’t really like it, we tried for 7 months and it was worst experience because of traffic, unorganized government sectors, expensive medical bills, so on and so fort.. so make sure you figure out your other miscellaneous expenses because you never know what are other things you probably have to spend
    26
  3330. The market still in the top of the curve,real price drops are only going to be seen by january 2023,foreclousures are piling up but they take time,and sellers/investors still comfortable for now,wait 6 months when they see they are loosing 30% ,they will get desperate to sell.
    26
  3331. Don't ever buy hardware at Home depot. They will charge you 50 dollars for the same thing you could get at Menard for ten dollars. All the people who have always said that they'll never shop at Walmart are now being forced to shop there and like it! Lol.
    26
  3332. Very solid points. I’ve several friends who moved to Florida, then returned to where they came from, citing lack of finding a job they liked, traffic/congestion, tremendous heat/sun they got tired of, lack of seasonal change… for myself, l like to visit the area l like in Florida but it doesn’t feel like “home” to me… l guess that sounds silly but it is a huge deal to me… not used to being on flat land 24/7… l miss the mountains….Fall season.. safety of not having to watch out for snakes, etc…
    26
  3333. When 60% of citizens cannot drum up $400, how can they travel? Gas & food costs are killing people. Jobs are disappearing. Flying is being made to be a horrible experience. We are at war. Survival is key now for every person. Being able to eat in coming months into years must be the priority.
    26
  3334. Interest rates are 7.8 percent in new Hampshire today, nobody is buying them
    26
  3335. Great video as usual. Words to live by: "Your house is ONLY worth what the next person is willing to pay for it."
    26
  3336. I am all for double digits interest rates and wishing for them
    26
  3337. It's like you said, now it is "how to move out of Florida" type of situation. I totally agree institution should not be allowed to buy single family home or apartments/condos, it's basically like a game of monopoly for them to buy as much as possible.
    26
  3338. A listing here in Oklahoma saw a house that was $67,500 new in 2014 and today they're selling it for $560,000. Insanity!
    26
  3339. First Republic Bank stock just tanked, Government taking over. Saw this coming. Foreign Investors are a problem for affordable. Ban them!!! Fort Lauderdale just had -17% drop and a lot other areas are getting hit in Florida. Could see more than 20% easily at this rate. Thank You Michael, Happy Tuesday!
    26
  3340. I sure wish they'd help the people who actually really need it like the elderly & disabled like myself. I used to work a full time job prior to my stroke that left me half paralyzed & half blind. I do own a home with 6yrs left to pay on my 30yr mortgage, but I live in Philadelphia & they tripled the value of my home making the taxes so disgustingly high it's become impossible to live. Along with everything else that has gone up such as food & utilities. Then they think that the COLA of $50/mo is gonna do anything...yeah right! And I'd sell my house 2moro for cash if I could afford to move somewhere else, believe me, this city is not the same anymore. Hell I'm afraid to go outside at sundown. However, I am pretty much all alone in this world now & have no one to move in with or to share bills. Honestly, I don't know what to do anymore. I've been living (and I mean buying food) on a credit card that is just about maxed out. I really don't want no HELOC as I know what comes with that! I mean I can't hang on much longer here. And everything is falling apart. I don't have a working house heater. I can't afford the dentist or the doctor or the tests I need for what is wrong with me from my stroke. And I'm here all alone. Believe me...I certainly didn't ask for or expect to have a major stroke at 39 & end up like this at 50! Thank you for your videos Michael! You speak the truth & I appreciate it alot!☮
    26
  3341. I believe it. I'm in Washington state and the houses Ive been watching for awhile are staying on the market and actually having to lower the price. This is what I'm seeing at least on the market I can afford and areas I'm looking.
    26
  3342. A $1700/mo car note! . . . That is beyond insane!
    26
  3343. No one should be paying asking price. Offer less, way less. Look at what they bought it for and don't let the seller's greed win.
    26
  3344. Bad situation for everyone who owns a condo there, a retiree who has spent their life savings to buy there, and lives on SSI is screwed. Probably lots of them in Florida condos.
    26
  3345. They give money to people, to give to the lenders. It's just a way to give tax dollars to the banks. Remember who's really in charge of the government.
    26
  3346. This is crazy.. can't afford anything new without dept. Or loan.
    26
  3347. Hey Mike, great video. I think more and more we are evolving into a duel income world. Of course one person making $36K / year will struggle to pay rent on a $2K / mo apartment, but what if you had two $36K / year incomes paying the $2K / mo rent - it would be easy for them. Everyone wants to live alone I get it but its getting tougher and tougher as everything keeps going up in price. We are evolving to more of a European method - family lives with family and they help each other out.
    26
  3348. I’ve been a remote worker for over 10 years now, but I don’t have any concern I’ll ever have to go back into an office. For one, my current employer is pro-remote and it’s a small company. But also because the field of development went remote years before the pandemic If an employer isn’t willing to let the dev position be remote, they get bottom of the barrel candidates. Experienced devs won’t even look at a job description if it’s not remote. Plus I still get calls and e-mails from recruiters EVERY day. It’s relentless.
    26
  3349. We got a buyer willing to cover most of the closing costs as well as we were able to lock in a rate at 5.6%. The home price was also about 20k less than similar homes in the area. For us that was enough to make a buying decision since the home costs with insurance etc was only a couple hundred more than our current rent with a lease due to end early next year (we're not sure what the new rent would be).
    26
  3350. The only people selling houses are those forced to move due to military or work assignment, divorce sales, or estate sales. Nobody is selling to “move up” to a better house. They can’t, they are locked into 2.5% mortgages, and if they sell, they’d have to get a 7% mortgage.
    26
  3351. AMERICA & AMERICANS FIRST!!
    26
  3352. In California that’s the way it used to be. (90’s) We negotiated the commission in the purchase contract. (Front page)
    26
  3353. Yeah, I just received my new property tax assessment, and it is up 15% from just last year. My assessment is over 100K higher than a real appraisal my bank did just a couple months ago, and is even higher than Zillow and Redfin estimates. I emailed my assessor about the appeals process, but have not heard back. Local govts seem to be getting really aggressive with the property tax assessments, and God only knows where all the revenue actually ends up.
    26
  3354. LOL as you get older, you appreciate more quiet, slower pace, more laid back..... 💜🏖
    26
  3355. Starter home tents on sale at Big Five Sporting Goods for $3000😂😂😂
    26
  3356. Housing prices will go down but not because of remote workers getting called back :) it's because interest rates will rise and the country is sliding into a recession...
    26
  3357. I wish everyone and their family a merry Christmas 😊🎄
    26
  3358. Cheap end of the market is getting slammed. In the UK, they can't keep up with the theft. ( shop lifting ) It's become a professional game.
    26
  3359. I just shopped in target 🎯 I didn't see lots of reduction..they said 50%>> not happening yet
    26
  3360. I think the impact will be felt more in the next few months. The sales that closed in the last month were likely in process at the time of collapse. Those buyers were pretty much decided & committed. But the next few months will show if prospective buyers got scared off.
    26
  3361. Exactly, the FED has barely raised interest rates (to what they need to be) and are still buying bonds and look at the cracks that have started to form. Normally, 20% would be a correction but prices were not only inflated prior to 2019 and then exponentially inflated since 2020 to me 20% barely pricks the bubble. Unless the government and the FED can continue to prop up this market and can continue to kick the can down the road then we are in for a huge, huge crash. As a San Diego, CA refugee, these stories always infuriate me. If anyone needs to see what crazy, liberal policies can do then they just need to ask a CA native. My friend, who is a flight attendant, was on a layover in SD in the downtown Gaslamp District and in broad daylight a guy was sitting on top of a trash can taking a dump. I use to work downtown and never saw anything close to this. San Francisco was always my favorite city to visit and now it just sounds like a 3rd world country. Just so sad to see the most beautiful state in the country become such a cesspool.
    26
  3362. It seems that no matter what the economy is doing, it's always going to benefit the very wealthy
    26
  3363. Now here’s the thing, once this all evens out, we CANNOT have interest rates below 3 percent again. Make it possible for people to borrow and spend while forcing them to be frugal and save. Meaning, not too high, and not too low. Easy/cheap to borrow = easy to spend = inflation. Tougher/more expensive to borrow = harder to spend = price declines/stabilization. Basic economics 101. Honestly, 6-8 percent interest rates for at least a few years would not be a bad idea…
    26
  3364. Keep it up Michael. I love that you are broader in your research and perspectives - beyond just 'real estate'. You are great!
    26
  3365. I visited Miami right after the housing market crush. It was really depressing to see half-emty streets, abandoned shopping malls and half-build and also abandoned structures. I found out that condos that just two years ago were going for $300K, were on sale for $120K. Cash only deals. I bought one badroom apartment for $97K in Sunny Isles. Two years later I bought another one for $140K. So far the best investment I made.
    26
  3366. Other issues besides the price... I stayed at one recently and the neighbors hated the fact that this house was being rented as a Airbnb (understandably so) If you stepped a foot over the property line (which wasn't clearly marked) they would send the owner an angry message. It just added a level of unease...
    26
  3367. I bought when prices were lower and locked in a low monthly payment. Homeowners insurance and property taxes do go up, but the house payment itself is rock steady and will be until it goes away. Is owning better than renting? I've done both and owning is better IF you get a good deal at the right time. Timing is everything in life. And you've got to be happy with what you've got and not always be seeking something new if you want to be an owner.
    26
  3368. Even though I work from home, to certain extent I’m against it. People with salaries from expensive locations move to cheap places where the average household income is significantly lower, forcing locals out. This isn’t sustainable.
    26
  3369. I drive for ups and my daughter who’s in college helps me out during the Christmas rush. Last year Ups couldn’t find helpers so they were paying $19 an hour a $250 bonus and some overtime as needed. She’s helping me out this Christmas season too , but now it’s $15 an hour no bonus and only 4 to 6 hours because volume is low. She’s kinda bummed. But I tell her that’s the way life is. U gotta save money when it’s good because there’s gonna be bad times in the economy too. I feel like it’s a life lesson for her. Kinda glad that she sees this at a young age because after college you’re basically on your own.
    26
  3370. Originally my son stayed at home to repay college loans. My line was, "look, it cost me nothing and it helps you get started." Now my husband is older and my son's being here makes a huge difference in our lives. He's building his company and I have nothing but respect for him. I don't think my husband and I could continue in our home without his help. Such a blessing! You know, in other parts of the world, multi-generational homes are the norm. I wonder how many elderly folks could have had more independence and freedom if one of the kids had done as my youngest did. Thanks though for the tip about 18 year olds and current credit card practices. Personally, I think what they do to young kids is morally reprehensible. Banks just rip those kids off. And some of them own those big houses in the background! ( Worked in banking when I was younger. Only thing worse is politics!)
    26
  3371. A builder would have to give me the house with the QUALITY they are putting out!!!!!!!!! People are getting screwed left and right by defective poor quality !!!!!
    26
  3372. Hey James and Michael, Glad you are enjoying time together. My wife and I are car shopping. Been 12 years since we bought one. Looking at a Toyota either this year or next. Have to pay cash, don’t want a payment unless they offer 0% which we’ve gotten before. Gonna keep the older car as well. We will see what happens… have a great day everyone. 🍻
    26
  3373. I used to need 250 a month for odds and ends, now it is 400. I keep track of all expenses. If they think this is working....
    26
  3374. The FED is full of academics with no business experience. Bunch of amateurs.
    26
  3375. I did it right in the middle of the 2008 recession. Had two kids my wife and three cars full of everything we owned, and about $4;700 dollars to our name. I had already made arrangements to rent a condo for $1,500 a month so finding a job was critical. There are jobs available everywhere, maybe not the ideal jobs but they give you some cash coming in. Also the pay in Florida is lower than you may expect. Best check your ego at the state line.
    26
  3376. Shoutout Lisi! I think the last time I saw you walking together, you were headed for ice cream in Fairfax. Krispy Kreme at McDonalds, Cinnabon at Wendy's. Eventually the pressure for higher wages will result in zero wages. I've started to shop at Aldi, and it has helped my budget. Govt doesn't spend like a drunken sailor. Drunken sailors stop when they run out of money.
    26
  3377. Seller would need to sell now if you had to relocate for a job or if you were in the military and were stationed in a new city. Yes Fed-ex and U.P.S. will reduce operations as people will buy less due to costs increasing and less disposable income. Not surprising. It will just send us back to the local stores instead of being lazy and having stuff delivered to your doorstep. If there is less stuff to buy that is okay. Most of us have too much stuff anyway.
    26
  3378. What I wanna know is who is paying 6 to $10000 a month for rent. What do they do for a living?
    26
  3379. $655k sounded good UNTIL you showed us what was paid for it FIFTEEN YEARS AGO.
    26
  3380. Someone working a job, whether Mickey Mouse or not, gets my respect. Take what you can get now and keep your eyes on for something better. Figure out how you can improve your skills to be more marketable. There is opportunity out there.
    26
  3381. Love it, Thanks for my daily reality check. You never fail to disappoint. I appreciate your insight.
    26
  3382. Thank You and Happy New Year Michael and Lisi! Wishing everyone a blessed 2024!
    26
  3383. Very few people who regret buying a house will admit it, because people don't like to look foolish and gullible. People don't like to admit they made a mistake. So, they just keep smiling and saying how happy they are with their decision. I guarantee that 20% figure is actually a lot higher.
    26
  3384. The government needs to cut spending drastically and immediately
    26
  3385. From my experience with these youngsters… (my kids and nephews) they think they can just jump in a job and make what I do… they don’t understand I’ve been in an industry for almost 20 yrs to make 6 figures… they think they just get hired with that pay…
    26
  3386. My wife and I were going to retire in Florida. She has family there and cheap international air flights. After the latest hurricane and insurance cost forecast, we decided to buy a nicer home in the Midwest for retirement and just pay the premium for air flights. You definitely get a nicer home for the money in the Midwest, less humidity, less traffic and more open space. Everyone has their priorities and style of living desired. We'll still visit Florida but without the daily resident grind.
    26
  3387. Real estate is full of fraud.
    26
  3388. Fantastic Michael. Your Dad wasn’t just a Dad, he was a Father. 🙌🏻
    26
  3389. "A fool and his money soon go their separate ways." My home is PIF and so is my car. I don't live beyond my means. I do my own home and car maintenance and do most of the repairs. Get some skills, Hard times are right around the corner. Really hard times. Prep for it.
    26
  3390. My friend who works for the government said 1 out 6 PPP loans were fraudulent. Blows my mind how more people did not get in trouble.
    26
  3391. The fact is, Michael, that this entire COUNTRY is getting old. All of the buildings, all of the roads and bridges, the electrical grid, the houses, railroads and subways, power plants, falling-apart factories, ALL of it. I think the ONLY reason that stuff hasn't just fallen down is because it was built to be extra strong at the time. That bought us some extra years of saving on maintenance, but that is running out now. We need to grab all those young men on "disability" who are playing videogames, send them to trade school, and then freakin' put them to WORK. (and yeah, the women need to work on the stuff that doesn't need a lot of physical strength)
    26
  3392. The paper here in Phoenix Sunday had an article about Florida, and how high the insurance rates went up as much as 585%
    26
  3393. My sister was laid off from Florida Hospital in May. She was making $150K a year but was living almost paycheck to paycheck buried in debt. I told her to sell as she still had time and she is an empty nester. She had roughly $300K in equity. Sadly she told me that we were not in a recession because the job market was strong. Some people believe anything they see on TV or the government tells them. Imagine arguing with someone, who just got laid off, that we are in a recession. To make it worse she became a realtor!! As of today she has not sold one house and is slowly watching her equity disappear. She has two month more severance pay and the sh!t will hit the fan. She is my sister and I love her but some people are just sheep.
    26
  3394. Your are 100% accurate on all of it. I work for a big bank. I do testing for lines of businesses. I primarily handle bankruptcy and modification departments as well as Fannie,Freddie, FHA etc. Its wild out there🙃🙂
    26
  3395. It's all about instant gratification... latest car, newest phone, going out to eat, new boat, new camp trailer... etc.
    26
  3396. I have no doubt that retail is down. I sell products to small retailers, and my numbers are the same as peak-pandemic shut-down months (April and May 2020)..those months were basically the same gross income as February and March 2024 for me. Nobody wants to say it because they're either ashamed or embarrassed or running cover for the current political administration that "needs to be re-elected."
    26
  3397. I work my ass off everyday and I still can’t pay my rent off 😢
    26
  3398. Let them bottom out! the sellers were taking advantage of the buyers by overpricing the damn houses. they weren't worth what they were asking
    26
  3399. $1100 in one year wow. The school system con game is getting old. It's really for the bloated pensions.
    26
  3400. Rockin shirt bro. To learn and experience living with no debt is life changing. I’ll never use a credit card again.
    26
  3401. Before they go broke… that’s the hard part. I’m an apprentice electrician, living in the cheapest apartment I could find and both the apartment and my job sucks. I’m already broke and working full time plus overtime some weeks.
    26
  3402. I think the condition is by design.
    26
  3403. You know why people are getting laid off? I’ll tell you why, because the rent is too damn high!
    26
  3404. Welcome to South Florida! When you buy a condo it feels like you are making a mortgage payment and at the same time paying rent. Condo fees and assessments can easily be the same as your mortgage payment. In 2005 i was paying $220 today $900!
    26
  3405. I live in Texas and have never witnessed as much shoplifting as I have seen in the last couple of months. Just today I was in Kroger and a woman in self checkout had a loaded cart and rung up a half-dozen items before walking out the door. No employees were around. I followed the woman out and photoed her license plate. She was totally nonchalant and did not notice me. The manager said they prosecute but I doubt it. People should never complain about high prices when they ignore these thieves.
    26
  3406. Prices are higher than anytime in history. Fact. No spin or fake inflation numbers can change that.
    26
  3407. Never be pressured/persuaded to buy a house. Buy only when you're ready and able to, and, after you've done your research thoroughly regarding real estate. I'm waiting for the right time for me, as I am looking to buy with cash or larger than 20% down, 15-year mortgage. I'm very close.
    26
  3408. Old condo buildings become an absolute quagmire because of maitenance. It starts with them collecting to low fees because it's still too expensive, yet not covering their debts, because they borrowed a 3.5 million loan for a roof and windows and siding 15 years ago and are still making payments. And then something catastrophic happens structurally or it's just an accumulation of too much maitenance needed as the building gets old, and condo fees get absolutely stupid like $2000 a month but they are worth 250k. Eventually the condo associations will go bankrupt and in a lot of cases the condos will be worth nothing and transferred over to a corporation that takes over the debt and gets stupid low intetest Rate loans not available in the private sector. Which is actually the only way to get the job done and make the building whole again as a rental property with condo units for rent, under 1 owner.
    26
  3409. And the County tax collectors are chomping on the bit with higher appraisals which is going to cause the RE taxes to go off the chart.
    26
  3410. Check with your company to make sure they own or lease the building. And ensure your work can not be done overseas for legal reasons so that they won’t offshore their employees: makes a big difference
    26
  3411. People talk about corporations being greedy, but people are just as greedy
    26
  3412. My belief is that when a house rents for $25,000 per month, it is being rented by a business entity, not an individual, and the rent is being deducted as an operating expense. Also, the owner also is likely an entity, not an individual, who has parked their cash in the real estate. If it is a non-US domiciled buyer, this is "flight capital" intended to be non-liquid and out of reach of a foreign government.
    26
  3413. Can definitely attest to the importance of paying off your student loans (if you can). I paid mine off in 2020 by throwing my entire 2020 savings into it. I bought nothing except necessities. By far the best decision I’ve made.
    26
  3414. I love St. Pete!
    26
  3415. I just purchased a 2014 lexus gx460 luxury, 136k miles. Talked the dealer down to 19,500. Put 5k down and only financed 16k, I have a 770 credit score so I was approved for the lowest rate at my bank. 7.5%. Payment is only $280 a month. I didn't WANT a huge payment. I just wanted a trustworthy, nice vehicle, and I chose way below my approval numbers. 🤙
    26
  3416. There is so much government debt that generations yet unborn will be paying this debt off. Its not only the vast amounts of money wasted by the government, its that a pretty significant part of the population gets free government money but does not produce anything. So they push up demand and compete with working class people for products and services and they do not produce products or services, classic cause of inflation. For instance the house across the street from me is section 8, they do not work, they have been given a house worth close to a million dollars, I am sure they get Snap and other programs too, and they do not lift a finger, while I and many other working class people have to work our butt off. Then they treat the property like garbage, they cause trouble in the neighborhood and some people are thinking of moving, because the Government is giving out money it should not give out and we are paying to by abused. Now because of government money that house is not on the market, which drives of property costs and keeps honest hard working people on the tread mill as slave labor while others who do not work and contribute for almost their entire lives get everything, and I mean everything including health care for free. They actually evicted some renters today in my neighborhood who were also trouble and from what I could tell were also section 8, and we live in a decent neighborhood but the government has to work to destroy it by being "Kind and generous" with tax payer money and lives.
    26
  3417. I'm 61 and since the eightees people have been falling off the bandwagon little by little . Now and then by a lot. I learned to save money and never be in debt. Everything I own is paid for. Still it isn't easy. Sadly once you fall off you are forgotten, look at the homeless. good luck everyone
    26
  3418. Does anyone remember all the abandoned houses in SW Fla ten or twelve years ago right after a housing boom? Get ready
    26
  3419. This at the end will cause more to tax payers. There isn’t enough jails to put all homeless and if they build more jails it’s more money for tax payers. The solution would be to invest in a homeless camp outside the city and provide them help if they wanna come back to society. There’s going to be more homeless people that aren’t in drugs due to high cost of rent and inflation. The system is falling apart no matter how we look at it.
    26
  3420. HI Michael, an argentinian here!.... South american people buys in Florida not because they are escaping their countries, but as a way to put the money out of the country away of the goverments hands... of course some moves to Miami... but in general is a way to save the saveings lets say. Love your channel!. Keep it up!. cheers
    26
  3421. I heard they're going to do a sequel to Zombie Apocalypse and they're filming in San Francisco and Oakland. The budget for the film is so low because all the cast is already there and ready to go. 😂😂😂
    26
  3422. Oh man this one resonates so much with me. I was 33 years old in Rochester New York, hating winter, hating my life, working two crap jobs in a town with a "you're born...you work... you die" mentality. The dream job of your typical Rochesterian was working in the factory at Delco or at Kodak on the assembly line. I did get a job at Kodak, I lasted a year and a half. Three revolving shifts with no life. When you live in Rochester and you quit Kodak, which doesn't happen, you might as well have a large Scarlet K emblazoned on your chest. I was helping support my sweet little sister and my mother in our crappy duplex in a shitty neighborhood across from a train trestle and a slaughterhouse. If you think that sounds depressing, you can times that by 10. My grandmother owned the duplex. She lived next door with her son , my uncle, who was in his 60s and a bitter miserable person. All I had to do is look next door to see what my future was going to be. I waited until my little sister got married to a great guy that she's still married to , I gave her away at her wedding, got my mother situated in a better situation, and took the hell off over 30 years ago and never looked back. it wasn't easy. My mother, God bless her, was a manipulative, very sad lady from a horrible childhood also, and when I said I was leaving , she told me she was going to commit suicide. Well, she didn't commit suicide, I made sure she was okay when I left but I left. Best thing that I ever did! I was a sad, lonely person with zero confidence and slowly but surely I reinvented myself. I'm still a loner in many ways and prefer alone time 80% of the time and there's nothing wrong with that. But, I blossomed in so many ways and discovered hidden talents that would have never come out back in Rochester, I'm sure of it. I highly encourage people, take the risk and don't settle. You'll regret it. I'm not suggesting anyone shirk responsibilities , but you could hopefully do what I did, get everyone situated and then create an opportunity where you can leave. I continued to help my mother financially once I moved, as I did my little sister. I go home to visit every few years even though my mother is now gone. But, if you're thinking you don't like your life and that moving will improve it, you're probably correct.
    26
  3423. I said that this summer. I knew that these companies would call remote workers back to the office when they needed to cut the fat.
    26
  3424. When it comes to the affordability issue, to buy a decent house in a decent neighborhood - something like what a childhood friend's dad would have bought on an engineering salary, it would cost me about 50% of my monthly salary and I am in a better paying job than he had. In 2019 I thought landing my job would have me set for life. If I get married I want to be able to support a family and now I wonder if that will ever be possible for anyone but the upper middle class - higher status surgeons, lawyers, lead engineers at big tech firms, etc.
    26
  3425. My family moved from East coast to California 43 years ago. California is paradise compared to East coast. This state is overpopulated because the weather is ideal. We have basically two seasons Summer and Fall. California has lots of retirees that can live here comfortably. What people see on the news about California is not about California people those people were not raised in California. I grew up in California and we never had such violence years ago as I see now. California takes care of their people. The homeless are out there because their life took a bad turn that left them penny less. Drugs played a big part in their lives along with family abuse. I wouldn't live anywhere else but California. The coast is beautiful and the mountains are breathe taking. Florida is wet and flat. I have been there to Fort Lauderdale and Miami. I had the worst time. I couldn't stop sweating it was hotter than hot🔥 and my feet and hands were swollen from humidity. I couldn't wait to to home to California. As soon as I got off the plane to California I felt the cooler temps and my hands and feet returned to normal I was home again! 😄 I read Florida is sinking into the Atlantic ocean. I'll take California over Florida anytime.
    26
  3426. People don't want to invest in shoddily maintained condos or structures, That's crazy.
    25
  3427. Really curious to see how the market will be impacted by Opendoor selling off their assets across the country. That coupled with everything else going on it could really send it into free fall. Also I think we’re underestimating the number of people falling behind financially in the last 2 years and how that could add the increasing number of foreclosures.
    25
  3428. This channel is my afternoon coffee substitute.
    25
  3429. Michael, I never miss one of your videos, however I have anxiety after doing so.
    25
  3430. Damn... I was hoping for 1% loan rate...lol
    25
  3431. It took 50 years for interest rates to get as low as they did. That was the length of the cycle. And it was manipulated by the FED and treasury to get that low. Inflation had been understated for many years because they changed measurement matrix. We don't know what is true and this and the creation of a pandemic has lead to hysteria. When rates go up and return to mean prices will eventually come down. But then rates are higher and may end up being same monthly cost. What a mess. Our government at work.
    25
  3432. In the ol' rent vs. own debate, there are so many peripheral expenses involved in owning that people fail to recognize (maintenance/assessments, additional utility expenses, additional commuting costs, closing costs, property taxes, etc.). Yes, it's usually more financially beneficial to own then to rent, but I think that benefit is greatly exaggerated, with the help of the real estate and mortgage industries.
    25
  3433. I left America for Nicaragua. Think what you will but if you Google it Nicaragua is the safest of all the Central American countries even more so than Costa Rica. AND. . The cost of living is easily one-third of what I was paying In Florida when I lived there.
    25
  3434. A builder here in Nashville asked 519k for home and I placed an offer of 511k. They did not accept my offer. Yes you heard it right. They had their chance to trap me but no they did not. Its been 3 months and the house is sitting out for sale for 517k but the sales Agent never reached out again despite Knowing we were serious buyer. For Me ot worked as mortgage rates only went up and are getting worse. But just giving example how greedy the builder is STILl 😂
    25
  3435. As Michael mentioned it costs about $300,000 to raise a kid to adulthood (I heard this was age 18 in other reports). What is not considered is the time factor. Raising kids takes much of your time, time that you could have used to be productive and make money. This makes raising a kid more expensive than simply spending the $300,000.
    25
  3436. I have a dollar for anyone who can count the number of steps Michael has walked in all of his videos combined.
    25
  3437. I watch all your videos!❤ Thank you so much, Michael for your great job and useful videos ❤
    25
  3438. Thank you for discussing the government exploring ways to implement their own digital currency. I am 100% in agreement that this would be “game over.” Hopefully enough Americans agree and we can prevent this from happening. It would be devastating to lose control of our assets based on a government whim.
    25
  3439. Well, we’ve also never had such an artificial market increase either, so we don’t really know how this is going to play out. Non of this is natural.
    25
  3440. I work remotely and am a Manager in Technology. The folks that are most productive are those that close out the most items, remote or not.
    25
  3441. Thanks!
    25
  3442. Congratulations Michael!!! 300k 🎊 👏 💐 🥳 👏 👏 👏
    25
  3443. I am unable to buy a house and have been watching ur videos for therapy
    25
  3444. 11:46 ‘Did you save for home repairs?’ Wise words to any home owner, new or old! This is never mentioned much in home ownership costs along with the emergency and unexpected repairs, maintenance and appliance replacements (hot water heater, oven, dishwasher etc…)
    25
  3445. Micheal, you need to tell the first time home buyers to stop buying homes until the builders and sellers to drop 40% to afforable prices to buyers
    25
  3446. It’s all relative and depends on circumstances. $1.25M is probably enough to retire if your house is paid for, you don’t have much personal debt and you have some sort of reasonable health insurance until Medicare kicks In. People who are living in $1M homes have to pay $1000/month just in property tax in most states.
    25
  3447. CA has earthquakes and that may be why more buildings aren’t build with bricks?
    25
  3448. ONly a matter of time. In my area, you need a $160,000 income to qualify for a mortgage on my area's median priced home. The problem is, the median household income is only $92,000. Wage growth is stagnating relative to inflation, due to inflation most workers have seen their wages go up either zero or turn negative in net terms over the last 4 years. Companies are starting to lay people off, and the labor market is beginning to get a heck of a lot tighter. So it doesn't take a genius to know where this is headed.
    25
  3449. Im a Realtor here in Michigan and I agree 100% with you. They are not looking at the BIG picture! There are so many things going on behind the scenes (Not covered on Mainstream.) We also have the CBDC's on the horizon. Great video!
    25
  3450. I live in St. Petersburg and I've seen the prices of homes literally double in 2 years all around me. These people have priced out the working class to the point that they won't have that tourist economy we once thrived on. The servers, the small restaurants, all the small businesses can't sustain themselves. Nobody making less than 6 figures annually can make it here now. It's a damn shame because I love my city but as a tattoo artist it's nearly impossible to survive.
    25
  3451. At some point the locals will be priced out of the area and there won't be enough people to work at the grocery stores, restaurants, etc. I've been on some Facebook groups in southwest Florida and this seems to already be the case. Rent just keeps going up but wage increases aren't keeping up.
    25
  3452. You can tell a lot sometimes when you dig on Zillow. See a property that looks like a decent deal. Scroll down to tax and sale history. See a whole lot of “bought in the last two years” and a good number of “original owner” type people selling. In the case of FL, I don’t see as many people who have owned for like 10 years, selling. If you do that, please remember that the taxes are on a much lower price point than you would be paying. If it says 4K in taxes, and the owner paid 400 last year, is listing for 700, assume your taxes will be more like 7K/ year. Really shady how Zillow reports that.
    25
  3453. You are spot on as always. My generation,my kids and grandkids were never taught finances in school. The education system needs to start this in Grade School. Great videos!
    25
  3454. Michael and Nick....you guys are so smart beyond your years. You are what my husband and I call ' old souls ". We are alot older than you.We watch you all the time. Keep up all your great work. You don't find young, smart motivated guys like you very often !
    25
  3455. Hey Michael. I regards to the lady who got laid-off from her job at that Title Company. Most of your viewer who don’t reside in Florida have no idea how horrible the unemployment insurance benefits are in this state. $275 per week. I believe it’s the 3rd lowest in the entire country. One needs to have a very hefty emergency fund with these low low weekly benefits. So sad!
    25
  3456. The land usually needs leveled, plumbed and electric ran to it unless you choose to live off grid or live in a park with a lot fee. So there are generally additional expenses other than the manufactured home and the land. Some of the lot rents are wild too. Anywhere from $500-$1k here in AZ to rent a postage stamp of land.
    25
  3457. I've been saying this for over a year. I don't believe we have a shortage of homes we have over investment in housing. It's being treated strictly as a investment and not as a commodity.
    25
  3458. A lot of people don't know this, but you can take a shorter mortgage term. If you have 23 years left on your mortgage and refinance, you most definitely can do a 23-year term. You do not have to refinance for 30 years. But, the mortgage cycle restarts, and you'll be paying mostly interest for a number of years.
    25
  3459. Finally - Airbnb prices have been way too high! And many places were not even that nice. Plus, kids just returned to school.
    25
  3460. Some great information. We’re definitely in a recession. I got into the building trades at 18 and 38 years later I’m still at it. Making 6 figures with no college debt or degrees hanging on my wall. Thanks for sharing your knowledge.
    25
  3461. Pay day loans are the worst of them all 100 to 200 % and up 😮
    25
  3462. I can relate Michael. I was out at restaurant today and went to the restroom to wash my hands, and the door was absolutely filthy, inside and out. Specifically around the door knob. It was disgusting!!
    25
  3463. Our own economics hurts us the most. Sad but true.
    25
  3464. THANK YOU for the heads up! in April 2021 my wife and I paid over $23k to a buyers agent when we sold our home in Boise, Idaho. Even getting a few hundred dollars of that back would be nice. :)
    25
  3465. All according to plan, price out those with good credit-scores and eventually foreclose those with bad credit-scores, 2 birds with 1 stone. "You will own nothing and be happy (or else)" 😵
    25
  3466. Watching your videos made me take a double look at my spending habit and it was horrible. I'm back taking steps on cutting spending and trying to save money again! keep up the great work!
    25
  3467. Can't beat a sunset on the West Coast. If I were to move anywhere on the west coast, it would be the Tampa area. Just like you said Tampa seems to be up and coming too which helps compensate for how sleepy the rest of the West Coast is. Plus having another up and coming major metro 90 minutes away (Orlando) is a nice bonus.
    25
  3468. So far in CA, State Farm will continue insuring ( homeowners etc) to existing clients. No NEW policies issued.
    25
  3469. Just bought a new construction home. My advice is to do a thorough walkthrough and have everything fixed and concerns addressed prior to closing. Thankfully I only have a few things that need to be fixed. Before closing the builder was great at addressing any and all problems during the build. Now that we have closed, we can’t get anyone to return calls or emails to fix the few items they promised to fix three months ago.
    25
  3470. I live in Jacksonville FL. A few months ago at Lowe’s a dude loaded up a cart with power tools and just walked out the door. Employees were under company orders to not approach the criminals. No security present.
    25
  3471. 3% rates or not, much higher property taxes and insurance are going to do to real estate what ARM mortgages did to real estate in the last crash. It's a mix blessing to have higher home values. Equity is higher but so are monthly costs, even if the mortgage is fixed.
    25
  3472. The endless number of grifters running around in this country are due some serious humiliation. Humble pie is coming for them.
    25
  3473. This is like getting kicked in the balls 50 times in 1 day and 40 times the next day and everyone celebrating the 20% decrease.
    25
  3474. You’re right about parents not teaching the better methods of finance..my parents were absolutely horrible with money and still are…in my late teens/early 20s, I also fell into that bad finance trap and didn’t learn about finances until I met my husband. He was my turning point and got me back on track. Now we own our house and cars free and clear.
    25
  3475. This is a good bill. Totally support it. I live in central Florida and it is getting bad. This will clean it up and make the streets much safer.
    25
  3476. Well. Here in Portland, we decided to decriminalize drugs and then defunded the police. Lol. Nobody is coming unless it's a violent crime.
    25
  3477. Here in Canada you can't get a mortgage on a mobile home. I live in a double wide 55+ mobile home and my pad rent is $445 per month. The province has a cap on annual rental increases.
    25
  3478. Come to Portland Oregon we have families sleeping in the alley ways and that's not even downtown I live in the burbs.The city looks like MAD MAX BEYOND THUNDER DOME.
    25
  3479. Silicone Valley Bank just collapsed 👀 The first black swan event.
    25
  3480. Really like the style of this host. Rapid fire and teaches us a lot. Glad I found this channel
    25
  3481. You are doing a great job using common sense and thus a great service for us all. Thanks, Michael!
    25
  3482. The local government does a great job with their responsibilities to the people in Florida. Unlike some western states.
    25
  3483. Owning is overrated, Social Security doesn't pay enough to maintain a house once your old and own it
    25
  3484. Hi Michael. It was great to watch your vlogs from my old stopping grounds of RPV and the south Bay. I spent many years there as well as being born and raised in Los Angeles. I left CA 2 years ago because of the cost of living. I miss that area but don't miss sustaining what it takes to live there.
    25
  3485. Throw these thieves in prison…minimum 30 years.
    25
  3486. I Laughed so hard when I read that article. Can’t fix stu pid. 🤦🏻‍♂️🤦🏻‍♂️😳🤣 A Loan Officer forgot about her Mortgage in the home she lives in. What a joke. Loan in 2016 and didn’t swoop up 2% Fixed in 2021. No the Smartest LO.
    25
  3487. I know a couple that bought a recreational vehicle as a tax deduction (second home) and not to really travel much. They used a second mortgage on their home to purchase the RV. As far as I know they would occasionally go from Lancaster, CA, to Lake Havasu, AZ. Well, they got divorced, house prices in Lancaster dropped and they couldn't sell their house, because of the second mortgage. Quite a mess, for a dumb reason.
    25
  3488. Thanks for the charts & analysis! I just read an article about Citizens Insurance being insolvent, so on top of all these other economic pressures, FL has another big issue they're going to have to solve. 😢🌀
    25
  3489. Michael, can you talk about office space and office rentals? It seems around 30% of it is empty nationwide. That's devastating for the industry !
    25
  3490. Idk how I ended up on an Airbnb Facebook group, and I’m starting to see owners complain about not getting enough bookings lately
    25
  3491. Our Son is a remote worker / manager . He manages a twenty five to thirty person team internationally . He says he doesn’t think he will ever go back to working inside the companies corporate office as he did before Covid . The company financially is much more profitable with its present arrangement having remote workers .
    25
  3492. Awesome video! Even after watching, I'm still pumped to move to Florida. The hurricanes sound shitty, but snow storms suck more.
    25
  3493. I'm here in Sarasota Florida right now and immediately when I left the airport, I took off that winter clothing and wore a summer shirt. Just need a bike to get around and start my adventure.🙂
    25
  3494. Over the past 10 years I'll make a couple of comments a week on various types of YouTube videos -- usually relating or adding to an insight or perhaps a silly joke. I'm amazed that on a regular basis my gmail will send me some reply that is just plain mean and usually ignorant or totally missing the point at best. Like these people wake up in the morning, drink their coffee and then go to troll comments because that is their job. I can't imagine if I had a channel! Anyway, I grew up in West Palm Beach in the 60s and 70s, been in NYC since and planning a return (probably to the Treasure Coast area). You'r videos are thoughtful and helpful :)
    25
  3495. Wow. You two together are a powerhouse. Keep it coming cause we are listening.
    25
  3496. Gov't should not meddle with the market. Government policies is what created this crazy market in the first place. Gov't will make it worse. Let the market cool on its own. Great vid!
    25
  3497. Michael, I feel the living is easier here too. Also, beyond the weather, Florida is a very senior friendly state financially speaking too.
    25
  3498. So glad I didn't buy a condo when I was in the market.
    25
  3499. Sadly our country is going to see more craziness after a few months
    25
  3500. That's really inspiring to hear that you can look back on your life and appreciate the decisions you've made. We visited Florida for over 15 years before we made our decision to make it our home. Both my wife and I always made sure we weren't wearing our "vacation goggles" when making a decision when we visited, we usually rented a house for a couple of weeks and imagined living there. We would cook meals at "home", watch our favorite TV shows at night (boring, huh?), have coffee on the lanai in the morning and watch a sunrise, then maybe end the day sitting on a beach and watching the sun set into the Gulf of Mexico, that's paradise. We were both aware of the age old Florida moniker, "it's for the newly wed and the nearly dead", friends and family up north were trying to discourage us with the "it's all old people" line. Well, the last time I looked in the mirror, it wasn't a kid looking back at me. We knew, from our many years visiting, yes, a lot of older people, but there's a new vitality to them, lots things to do and the beautiful weather to do them in and many many of those old people (including us) take full advantage.
    25
  3501. It's not about how hard you work. It's who you know.
    25
  3502. It’s absolutely insane the prices of housing. My wife and I have been looking at nokomis Florida . The houses in these new developments went from 350s and low 400s to mid to high 600s in 10 months. For the same exact house.
    25
  3503. I noticed a lot of homes not having there previous list pricing up or have been removed along with previous sales history taken off. Don’t get tricked people.
    25
  3504. Reverse Mortgages are a scam. Don't do it. Just another way to leech your money from you 😠😡
    25
  3505. Being near the beach is nice, but it ain't worth 2-8 million premiums, Florida markets gonna have a bunch of price dropping condos for sale in the near future
    25
  3506. The european centarl bank allready hit the panic button and started cutting rates months ago due to save this already broken economy!
    25
  3507. I think enforcing 20% downpayments it probably a good thing, Easy financing has been a disaster for price inflation. See student loans and following price inflation for another example. Honestly easy credit in general credit card has been a disaster for consumer debt savings and total wealth for the lower classes.
    25
  3508. Debt is bad, don't overpay for things, don't buy things you don't need to impress others, don't overpay into this Housing bubble
    25
  3509. Have not paid interest on credit card in 29 years
    25
  3510. I believe for a lot of Americans they feel they are in a Depression. For a lot middle class they feel already in a Recession. For the rich and those in Washington they never feel any of these.
    25
  3511. If you have an adjustable-rate mortgage, get ready to get your house foreclosed. Hopefully you have a car to sleep in when the bank takes your home. Your car is next btw... by end of year you'll own nothing.
    25
  3512. Quartzite, AZ. Right now has thousands of peeps living in their vans full time and pooping in buckets! Most are living on their social security checks. Horrific we live in a country that doesn't help its own citizens yet billions go out to support other countries?!
    25
  3513. unfortunately, the demand might bounce up a little but for the normal person, these prices are way to high, wages don't match up and the normal person can't afford it.
    25
  3514. In california del taco taco night will officially go from 3 tacos for 1.99 to 3 tacos for 3.79 yo thats almost double the peice for 3 tacos with 1 finger of greasy meat and iceburg lettuce, and a pinch of cheese. 😅😂
    25
  3515. I rented a crappy apartment with a nice view for 9 years. We bought a house last year that we 💘.
    25
  3516. Nice to hear your opinions on different issues, I had a feeling you were a rational person 👍
    25
  3517. paycheck to paycheck at six figures is just about the reality for anybody with kids imo. You don't qualify for any support, but if you have at least one kid good luck spending less than 5 grand a month between food, healthcare, car insurance, rent/mortgage, and retirement saving. We don't eat out or take trips, no car payments, cheap apartment, one kid, have trouble being under 5k a month. That's 77k gross to live cheaply in a midwest state with one child, if you need to pay daycare add another 1k a month easy. Totally nuts what's happened to our economy.
    25
  3518. Totally agree. I've been in this stuff since 1986. It's time for a major correction. And it will take years to get back to a middle ground from the bottom that will be.
    25
  3519. The rent is too damn high!
    25
  3520. Michael, I appreciate the real news you provide. Everyone who reads anything from the National Association of Realtors needs to watch your channel.
    25
  3521. How about the story in Colorado? Voters in 2020 approved a repeal of the Galagher amendment. In a nutshell, property taxes came "uncapped" for everyone. New property tax bills increased by 30-50%.
    25
  3522. So here is a question—how might these creative financing schemes backfire on the corporations offering them?
    25
  3523. Looks like a lovely place to live. So sorry for your loss. May Hashem bring you comfort at this tragic time. Sending love 💕 and prayers from New Zealand 🇳🇿
    25
  3524. My insurance in Ft Myers up 300% since 2018!
    25
  3525. Michael, You are absolutely correct....a lot of people are buying a condo because they can't afford a house. You are one of them!!
    25
  3526. With today’s current home prices 6% is quite a bit of money!
    25
  3527. In 1995 our home isurance was 300S Canadian a year. Gold plan. Best you could get. Now its 2000$ a year with a large deductable. But remember inflation is only 6% kids.
    25
  3528. Totally unrelated to this video, we drove down from Atlanta area to orlando for a little vacation. And wow the orlando drivers are crazy 🤣🤣
    25
  3529. I'm at a time in my life that I am fortunate to be debt free. Now no one will ever be debt free. I do now see young people struggling and when I was their age it was easy to make ends meet. Not anymore....
    25
  3530. I love that you include your wife from time to time. I'm proud of my wife too.
    25
  3531. Your video validated what I am currently experiencing. Right before the pandemic hit, I wanted to move to Washington state, but got derailed for a couple years. Now, when I look at apartment prices, it's beyond insane. $2,200 to rent an apartment? I want to know who can afford these prices? No one I know can pay these exorbitant prices. Combine that with the exponential rise of food costs and it becomes impossible to live on a budget. I thought this rising housing market would crash a couple years ago. What I'd like to know is this: what is propping up these prices? Are the banks back to adjusted rate mortgages? It's brutal, it's insane and when it crashes this time, the economy is going to blow up.
    25
  3532. Front Range area of Colorado. Our home insurance premiums jumped by $1000 in two years. It's an increase of 69%. It's infuriating.
    25
  3533. I keep crunching numbers of a potential home purchase and they keep telling me not to buy, even with better houses priced in my range. We don’t know what else is coming. Wiping myself out financially when we could be facing a depression does not seem wise.
    25
  3534. Yet when my country in California puts a sales tax rise on the ballot, my fellow residents vote it in 99% of the time. Go figure.
    25
  3535. We live in a suburban area that has a large percentage of boomers. I'm 68 which is very close to the average age in our area. If we all age out or decide to sell at the same time there will be plenty of inventory! But will the younger home buyers even want the larger, older homes that families were raised in that typically come with high maintenance costs and endless hours of yard work?
    25
  3536. Great video Mike we are on opposite sides of the world however we are 100 % in the same page. It is awesome you are fully awake many are not. Being prepared and understanding the attempted take down of individual rights and freedoms will assist us all in uniting and fighting the authoritarians and big corporates who are only attempting to become larger to crush individuals and small business. Personally I like you will never let it happen while I remain.
    25
  3537. EV's need to have a lifetime warrantee on their batteries if they really want to sell them.
    25
  3538. Everyone who had a dilapidated house, they just covered it up, put some lipstick on the pig and off-loaded it at record equity. And people buying houses without inspection period... I hope people learn from these experiences that realtors (90%) don't give a flying F about you, just the commission.
    25
  3539. Yes. My brother was down in miami beach for the last year or so. Guess what? He is back in new york city. His job said everyone reports back to the office
    25
  3540. Thank you Mike for sharing my story. I appreciate it. I want everyone to be positive and healthy and apply as much as you can on a daily basis and keep track of your efforts in a notebook. Try company websites. Try different industries. Apply to Federal and State and County and city jobs. Mike makes realistic videos and he is protecting everyone from the financial storm and helping everyone to be prepared by saving money and making more money. Mike is a caring person. Happy Thanksgiving to Mike and his subscribers
    25
  3541. This is sad. When people gets old, lot of things are more difficult already, could those people have a little kindness?
    25
  3542. Oh my, you have hit a nerve. We live in CA but have decided to move to FL. We certainly have been living the life here with a houseboat in Sausalito & a little place 3 blocks from the beach in N. San Diego. It's not a money choice for us. Actually, FL has very high property taxes & car & home insurance. 1. Sausalito & Nor CA are very cold. The summer can be windy, foggy & miserable. The hot weather inland pulls the marine layer over the coast. Even San Diego has "June gloom" 2. The beaches have very cold, rough water. Even in San Diego you don't swim, you dodge waves. 3. Most of all-the homelessness in the SF Bay Area (at least) is off the charts. It is so, so sad. It's easy to have money in CA; they have stacked the deck in favor of that, but it comes at a price if you have a heart. Visit, yes, but trust the grass is not greener here.
    25
  3543. People who make the argument for buying at low interest rate and peak price are either taking advantage of you /being greedy or not very smart.
    25
  3544. We just toured Clearwater to Naples, to possibly settle in the Ft. Myers area. Not sure where exactly though... My favorite town was Dunedin, about 15 minutes north of Clearwater. Downtown St. Pete was amazingly clean and pretty with the waterfront and restaurants, I loved it. And Bonita beach in Bonita Springs had the most amazing sunset ever. It will take more research I think. Glad you had fun, looking forward to catching up with your videos. Food for thought too I'm sure!
    25
  3545. Whew, restaurant prices are up, and the quality of the food is down. I hardly ever go out to eat now.
    25
  3546. Hasbro is laying off more people for a total of 1,100 in 2023. If people are doing so great wouldn't they purchase toys for their kids? Why would Hasbro be laying off?
    25
  3547. Sounds like some company like BlackRock is waiting to swoop in and buy everything. The little guy is screwed.
    25
  3548. Michael you hit it. Discipline!!
    25
  3549. Ya, if your condo is on a inland waterway, you could get hit with a special accessment for the retaining wall. Easily 15-20 thousand per unit.
    25
  3550. Remember, Miami Beach is not Miami.
    25
  3551. You know you're kicking ass when a 23 minute video that's been up for 5 minutes already has 32 thumbs up. You do a great job of boiling it down for we mere mortals. There is no traffic on the extra mile. Thank you! BTW the plan is to set up HAMP 1 / HAMP 2 Balloons up front, cutting out the foreclosure middle man. Lotsa luck with that. Refinancing the predicted arrearages at loan origination is even more stupid than the loan "underwriting" practices of the 2000's - roughly the practices of a horse's ass. I'd rather rent than get involved with this madness.
    25
  3552. This is the collab we didn't know we needed
    25
  3553. Really good advice on debt Michael . Worse thing to do is ignore it .
    25
  3554. Michael, one topic that you’ve not addressed is the stress of buying or selling a home. Psychologists list moving as one of the top five most stressful events in life which include death of a loved one, divorce, major illness and job loss. I think that the stress of moving holds many people back. I’ve had several moves, buying and selling homes and wouldn’t want to go through it again although the outcome was good in the end. Keep up the great work that you are doing.
    25
  3555. As a psychologist, I'm glad they will offer mental health care to the homeless. That is getting to the root of the problem. Trauma leads to drug use and homelessness. They need to be taught healthy coping mechanisms and treated with psychotropic medication for certain mental health disorders. This is the reality of the world we live in where drugs are rampant. No one want to live near the homeless, but they ate not throw away people. They are still human beings that have families.
    25
  3556. Great timing. You are seeing more and more of these communities popping up as affordable housing due to the recent favorable laws passed. There's a major perk when you can classify the project as affordable housing.
    25
  3557. I didn't even get a raise this year! People can not afford a house that costs $8K a month. This market is nuts!
    25
  3558. Hello Michael: Thank you for this important video sir. I personally do not carry a balance on any of my credit cards. I own my own home + both of my vehicles. I just received my car insurance renewal & I have no increases in the premiums. I would like to increase the agreed value of my MB collector car, that would call for an increased premium but with all of these illegals driving without car insurance I must protect myself. Great channel sir, Your loyal subscriber, TMP from N.J.
    25
  3559. I think you're spot on! I'm waiting for a 25% - 30% drop in North Florida.
    25
  3560. Adding to this. It's hard to find a job at 60 years old plus. I tried for 7 months with zero return on my applications. Settle for doing Gig work. It's ruff out there for seniors.
    25
  3561. Currency destruction is simply making our daily life exponentially worse by the week with no end in sight.
    25
  3562. Real freedom is being debt free and having a home that’s paid for.
    25
  3563. People on a fixed income (esp retirees) are taking a bloodbath with all the price increases of food, maintenance, taxes, insurance, etc.
    25
  3564. That's exactly how I feel living in the Bay area. knowing that all these Tech workers came from a country where they literally s*** in a tin can but look Down on you.
    25
  3565. Responsibility, It's something parents don't teach children today.
    25
  3566. We came to Miami in 2014. We had opportunities to buy a house back in the day but because our family that lived here before did not give us the right advice, we never made the move. Now we are stuck in this market in a one bedroom rental with my 4yo son. We are soo tired of waiting for the right time to buy.
    25
  3567. I saw this coming in April 2022,how might you ask!!my home owners insurance went from $3000.00 to almost $10,000 in a blink of an eye .no claim ever in 28 years of dedicated and timely payments💩☠️🖕
    25
  3568. It will come down to an elite Land Grab, like Lahaina Maui, without the fire.
    25
  3569. Bull traps are a thing. This happened in 2009, too.
    25
  3570. Those property taxes are outrageous! The government is going too far with these exorbitant taxes.
    25
  3571. Hey Michael, I was excited to see you do a review of my my hometown. Been here 10 years and love it. Totally a bedroom community. Great schools, good yard for the kids and dogs, great beach’s within 15 minutes, cheap taxes and safe overall. I work in St.Augustine and the drive is 25 minutes but Palm Coast is huge and it could be 40 minutes from the south side of town. What I don’t like is it gets colder than I like and everything seems to be a chain store or restaurant. I would recommend PC for families and retirees.
    25
  3572. Michael.. you are an honest man and realtor. A good businessman…. Great value!
    25
  3573. This made my day. One knows a lot, the other has seen a lot. We all are in same boat.
    25
  3574. wait...is that a shark in the water there? oh no, its a lawyer. my bad.
    25
  3575. HOA's seem to be out of control
    25
  3576. Yesterday watched "HUGE Price Drops in Dallas Housing Market" the realtor talked about 10+ cities, one had gone up 70% in 2 years and "now it might be a good time to consider purchasing b/c prices dropped 17% so far" I mean really, straight faced into the camera, she said that.
    25
  3577. I’m a big fan of both channels. Keep up the good work, guys!
    24
  3578. Yeah, I think a huge part of the decreasing population, lack of kids, lack of wanting kids is cuz of how tough the economy has been for each new generation
    24
  3579. I'm in Australia, the market is seriously slowing, a home for sale would sell within 5 days here up until end of last year. Today I'm not seeing many sold signs on properties and not as many listings. Also the Chinese for many years pushed up our market as they were purchasing everything. Many of the homes they purchased sit empty, they don't even rent them.
    24
  3580. Omg when we bought our forever home in 2015, we refused to take on a mortgage payment of more than $1k/month. I cannot imagine house shopping right now... I'd probably just have a camper, a quaint little piece of property & a bunch of books to engulf my life into.
    24
  3581. I live in the dc baltomore area, prices are definitely not dropping. There are still homes in bidding wars.
    24
  3582. Something to know (born in Fort Lauderdale and escaped to Palm Beach County 28 years ago) the line for the Tropics is an imaginary line where the peninsula is shaped like a cup (see the map of Juno Beach in this video but perhaps closer south to Palm Beach Gardens). The Gulf Stream parallels our coast about 3 miles off shore but as the state bends west, the Gulf Stream turns east and goes out to sea. This is what accounts for our more moderate, Tropical weather in the winter than farther north in the rest of the state.
    24
  3583. I love my credit cards. Got $2,000.00+ cash back last year. Never a fee or interest. Is this a great country or what?
    24
  3584. I've been to Miami Beach and Key West and I have to say Florida has way better beaches. That's my personal preference.
    24
  3585. 10% sales price declines are nice, but houses are at least 40% overvalued. It's probably that aqua kitchen keeping buyers away from the first house. 😅I'm of the opinion that nobody other than US citizens should be able to buy property inside the US--still doesn't fix Gill Bates buying becoming the largest farmland owner. Yeah, insurance company's data is insane. I bought a rental property and got landlord insurance, but the insurance company then cancelled my homeowner insurance because they thought I'd moved. At least they fixed their mistake quickly when I called them, but still a hassle.
    24
  3586. Thanks, Michael. I've seen this lazy behavior since about 2007-2008. I would ask, "The software was working yesterday. Why is it broken this morning?" and "The process was fixed, and now it doesn't work?" and in response, I would get the SHRUGGING OF SHOULDERS and "I don't know." Drove me from the project. I couldn't take the lies and nonsense. I'm sure it's far worse now. All of our hard-earned tax dollars are being stolen. Everyone can see it. Why would anyone want to work hard? I don't agree with it, but I can see it!
    24
  3587. Yes, ban foreign investors. I live in Orange County Ca and there is nothing even close to affordable. Full of people with visa sponsorships who are having property bought up by their parents. I've seen condos in my area go from $800K to 1.5 million since the pandemic. Just now starting to see prices drop by $15k or so.
    24
  3588. I trust you more than Dave Ramsey 7 days a week and twice on Sundays.
    24
  3589. Laws should be brought again corporations owning homes or land at all. This is DIRECTLY reminiscent of "coal mining towns" where the corporation gave you your pay with its right hand and took it all back with its left! If youll recall it took our government (back when it wasnt owned by WEF) to break these up. If i recall there are still laws on the books in most states to effectively combat corporations and their cronies in all three branches of our government.
    24
  3590. Love your videos, keep up the good work.
    24
  3591. We put a garden out ! Can everything beans corn meat . It lasts 15 months past next years garden .. make our own sauce s .. old school..
    24
  3592. Brandon is very good at detailing the current car market.
    24
  3593. Thanks, Mike, for being a “Stand Up Guy” with regards to your sponsors and all the “Gold” talk. Can’t believe viewers are actually bitching about it. Anyway, it shows you have great character with proper ethics and morals. Keep up the outstanding work!
    24
  3594. As someone who has moved to GA, been here for about 6 months now. A lot of the local GA folks talk about housing being unaffordable for them, taking money out of their 401ks, it is pretty interesting.
    24
  3595. I think the number one reason is this. When you rent, it's hard to make the place your home. As in make it the way you would want it. For example, with most landlords, you cannot paint, you cannot hang heavy things, and you definitely cannot make perminant renovations. You will always feel that you are living in someone elses house. For some, these things are worth the extra expense.
    24
  3596. Never move into an HOA, never.
    24
  3597. People haven't stopped going to places like McDonald's, etc. And they never will.
    24
  3598. $7500 a month for an apartment is insane. NYC is cheap lol
    24
  3599. I'll be in Thailand in about 11 days with a 20-year visa. I'll build the dream there instead
    24
  3600. You are living in North Beach, which is way more Spanish dominant than South Beach. I have no language barrier in South Beach and I only speak English. That said, I LOVE the diversity of culture that the various Latin American communities bring to Miami.
    24
  3601. That house looks like it should be $250k! What is going on down there???
    24
  3602. FYI: Maurice A. Ferré Park (formerly Museum Park) is a 30-acre public, urban park in downtown Miami, Florida. The park opened in 1976 on the site of several slips served by the Seaboard Air Line Railroad. It was originally named "Bicentennial Park" to celebrate the bicentennial of the United States in that same year. In early 2019, the park was renamed Maurice A. Ferre Park in dedication to former Miami Mayor Maurice Ferré. Racing events were held on a temporary circuit at Bicentennial Park from 1983-1995 involving IMSA, Trans-Am Series, and CART, and again for FIA Formula E in 2015.
    24
  3603. I talked to a guy in San Diego and he loves the open boarders. He says he makes so much money on illegal's he loves it. The same is true for all so-called low income, the government money goes right into their pockets. I watched a government worker trying to get people on food stamps and I just couldn't believe why he was working so hard to get even more on food stamps. Well it turns out the big winners are the sugar companies and soda producers etc. so it all makes sense.
    24
  3604. Finally… been waiting for the tide to go out to see who’s been swimming naked. Time for the over leveraged and cash starved people to get pushed out of the market. I’m tired of competing with people that use debt to bid up the price of everything. Time for the crash and the fire sale on assets. Been a long time coming.
    24
  3605. Michael, one thing I really like about you is your real and genuine. A lot of people on YouTube are clearly here just to make a buck etc. etc., which is fine, but it's pretty obvious that you are passionate about your content on a personal level and you care about this stuff deeply.
    24
  3606. Florida is not just Miami 🙂 You can experience real music in places away from Miami Beach. Free concerts/entertainment in lots of venues that are known to the locals 🎶💙 Mountains and different climates would be nice, but can't stand earthquakes or the high cost of living. ☮🤗
    24
  3607. When you rent a home, you are paying a mortgage. It’s just not your mortgage. You’re paying your landlords mortgage. You are paying for the maintenance, taxes and insurance and then some. All the things you think you’re avoiding, you’re not.
    24
  3608. I think the only way prices will slowly keep going down is if the Fed keeps increasing interest rates even though no one wants to hear about that.
    24
  3609. Don't file a claim unless its real serious. Otherwise your getting canceled.
    24
  3610. I live in California, and I really want to leave. You videos are inspiring to leave..I can get more house for my buck in Florida.
    24
  3611. Owning a home is a money pit. They always were. Though, In NY it’s the property tax that’s killing people. Along with the inflated home prices. Student loans don’t help. Lot of People are foregoing having kids these days because can’t make enough $ to get by.
    24
  3612. I needed my daily dose of doom and gloom. And I sure got it.
    24
  3613. I'm definitely not buying unless prices fall to a reasonable range. I'm even interested in buying with a high interest rate as long as the price is right and I have 20% down. In the past the interest rate was a large focal point for me but as of now the losses due to interest rate are eclipsed by the insane home price markup. Fortunately I can refinance my way out of a high interest rate but not out of a high principal balance.
    24
  3614. a decade ago, my brother in law got his SS big check. I was trying to help him with a mobile home ownership. he couldn't afford it. fees were $500 per month. they do have mobile home parks where owners own shares of the land. my mother lives in one. this prevents most of the problems because they have a vote. there still is a fee,but they have some control. like a condo. you would kind of be crazy to own in a rent park. without saving for a backup plan.
    24
  3615. The problem with giving an extension on the law is that you will just delay the inevitable.
    24
  3616. I was one of those people priced out when everything went crazy and now rent is going up too. I’m moving back in with family because I refuse to play this rigged game and my wages are stagnant even though inflation is causing everything to go up.
    24
  3617. The flooding in NC reminds me of the flooding that you see in PA.
    24
  3618. I think one of the quietest part of insurance are the bonuses many of the CEOs got over the last several years. Yes natural disasters are increasing but many of these companies blew their reserves on greed, and then turn around and use the disasters as an excuse to raise premiums and drop policies. Yes they're a business, but there needs to be regulation to force them to use the money from premiums for coverage and not for record bonuses/payouts for the C-suite.
    24
  3619. you need to file a restraining order on that leaf blower guy 😉
    24
  3620. I'm a Colorado native and the homeless situation is out of control! You were more brave than I am, I stay far away from 16th St Mall if I'm ever in downtown. But we would never live in Denver, we live in the burbs about 30 mins south of downtown (Parker). Love that you came to visit CO though, my and my husband's goal is to relocate our family to FL (hopefully) by next summer, so we've loved your videos!
    24
  3621. Your dad seems like a really thoughtful guy, he does a good job of articulating the way he feels. It's nice that you can have these kinds of open and honest conversations.
    24
  3622. The prices in my area are still way too high. I’m in Minnesota.
    24
  3623. WE WILL NEVER SEE DEFLATION EVERY AGAIN
    24
  3624. Our family learned from the Great Recession in 2008. Right now, we own all three of our cars outright (bought a nice older limited edition LJ Jeep wrangler (before it became crazy expensive), a full size truck, and a GM Bravada for the teenager) We know how to work mechanically on our own cars completely, we could even put a new engine in ourselves if needed. We have no debt at all. Last time around, we lost our business and our house, and had to declare bankruptcy (we had debt that time around). So afterwards, we have saved for another house and are waiting for the housing dump, then we will buy. It is much easier to weather these storms if you are not in debt up to your eyeballs. Don't be lured in by the shiny dangling carrots of new cars and credit cards. Save and pay cash for things. Learn to do things yourself. Our family knows how to build our own furniture, fix our own cars, do our own home improvements, and work on appliances. It pays to learn these types of skills, you will save a ton of money in the long run. This time around, we are in a much better place to weather the storm. Even if we temporarily loose employment, we have two years saved up for all expenses. Hopefully, we don't have to touch it, since it is for a home purchase. However, it is there if we need to survive. We are blue collar workers and even stayed employed during the lockdowns, so hopefully we stayed employed this time around too. Both my husband and my son have been in the same company for many years and are more experienced workers (they tend to let go the newer hires in recessions), so hopefully that gives us an edge. We are hunkering down together to weather this storm. Our landlords did not get greedy and our rent has stayed the same for 4 years. The rentals around here went insane, and the single family house we are renting could have went for $2500 a month, but our landlord left it at $1500 a month. God has been very good to us. Our landlords like us because we keep their property nice and fix things for them at a discount price, and most of all we pay our rent on time every month. I am shocked that so many people didn't learn from the last recession.
    24
  3625. This makes me sad. My husband and I desperately want to leave CO because the state no longer lines up with our beliefs and values. We have big dreams of moving to FL, I just hope that all the folks moving there don't impact Florida's political climate for the worst. If so, I don't know where our family will end up 😭
    24
  3626. I retired from being a property manager in California a year and a half ago and just moved to Florida. I'm in Heaven!
    24
  3627. A company in England recently brought back 100% mortgages that went away in 2008. The omens are building.
    24
  3628. There's a lot of people in their 20s that think because they have equity in their home, then the bank cannot foreclose on them when they go into default. Sadly they will be in for a rude awakening.
    24
  3629. I appreciate the truth. My son is house hunting for their first home and I am hoping they will wait awhile. Prices in Northern Virginia are insane.
    24
  3630. I wonder who decided that “luxury” vinyl should be installed in every flipped house. FYI, where I live, house prices are falling off a curb, so I’m planning to relocate next year.
    24
  3631. We bought a house in San Antonio for 350 K. We left California and were able to put 20% down with another 20% in assets. You’re seeing a flood of people moving to other areas especially in the south and Midwest rural areas. We’ve never seen an era like this. The one thing nobody talks about is the foreign market buying up everything out pricing locals. That is ruining our housing market more than anything.
    24
  3632. Michael these people seem to make up words at a whim like “food insecurity” 🤔 you mean they are hungry and poor. Definitely enjoying the increase in the number of videos you are posting👍🏻
    24
  3633. Thanks for the message and choosing such a nice place to take a hike.
    24
  3634. $50K for avg new car…$30k for avg wedding. It’s a clown world
    24
  3635. I am thinking about selling my home in Ohio. I interviewed two seller's agents and both insisted that the traditional 3/3 commission is non negotiable. So I am questioning how negotiable these commissions really are. Perhaps they will be more so when realtors get a little hungrier? All this makes FSBO worthy of a closer look.
    24
  3636. When they have to do creative financing and things to sell a home you know you are near the end and crash coming
    24
  3637. Buy a new car and you can look rich in front of others when you really are not.
    24
  3638. Very glad I found your channel at this age. I’m 20 and a hvac tech in GA. Saving now and going to put the wife through dental assistance program. Keep up the great work!
    24
  3639. Keep in mind that lowesr price means less commission to the agents too.
    24
  3640. Investors & the federal reserve messed the housing & rental markets up pretty bad!!
    24
  3641. Thanks Michael for having Travis on! 🤩 Kudos to Travis for not giving up after all those setbacks! 🤩That’s a big accomplishment and a lesson to learn for the young generation who never had to deal with current economic situation! Or soon to become a economic disaster!! 🧐
    24
  3642. Man I wish I was living there or any where in Florida.
    24
  3643. Dude, you keep hitting it out of the park with your videos. I live in Taxifornia, but I'm thinking about an investment, eventual retirement, home in Florida.
    24
  3644. I’m a 76 year old boomer. When my wife and I got married I was 21 and she was 24. We rented our first apartment for $135/mo. We’re still together after 55 years. The apartment we rented was a tiny one bedroom unit. It was at least 20 years old in 1969. Today, you guessed it, it’s a condo !!!! God help the owners. 😢
    24
  3645. The programs name "Hometown Heroes" sounds like it is a program for people like First Responders, nurses, teachers, police, firemen, or those who served in the military.
    24
  3646. Michael ,I don't have kids and I was paying school taxes on 3 properties ,so I sold all of them and live In my rv, they can stuff it
    24
  3647. My Uncle has been buying gold since it was $425/oz. Seems to work well as a hedge against the fall in value of the dollar. BTW, my new neighbor is from Argentina. he said Argentina is falling apart with high inflation and rising crime due to poverty. he does not understand USA is moving toward the same Socialist policies as Argentina, Chile, Venezuela, etc.
    24
  3648. I 100% agree!! Fed needs to keep raising rates. But if they really wanted to slow inflation they could tell the banks they need to increase their reserve requirement. So basically the FED has no care about inflation. They are too terrified of deflation and will keep our housing prices inflated as long as possible. Until we riot like France. I'm ready. My rent keeps going up every year. $200 more coming at next lease signing
    24
  3649. CNBC interviewed the Zillow economist about this 1% down mortgage on Friday and he basically said that very few people will qualify for this. I think this is just another marketing ploy by Zillow to get more customers and to look like they are doing something to help the first time home buyer. At this point, they will only offer this in Arizona so I don't think it will make much of a difference. But I agree with you, all these programs are reckless and they will end up hurting the same people they are trying to help.
    24
  3650. I've lived in South Florida for over 30 years and have yet to be to the Everglades or a state park lol. But I love it here. I lived in Southern California when I was a kid, visited L.A last year and had a great time, I love it but I can understand the huge challenges of living there. I'm from New York originally and I hate the winter so, Florida is a great choice. The problem might be that apparently 900 people a day approximately are moving here and it's getting crowded as it is. But I live in beautiful Delray Beach, we bought a two-bedroom two-bath condo that is Penthouse style, overlooking the water, 3 miles to the ocean, 5 minutes to trendy and wonderful downtown Delray, purchased last year for $117,000. So the affordability and quality and opportunity is here to live much cheaper. Yes we have hurricanes, they suck and I can't wait till the end of November when hurricane season is over. But in 15 minutes we can be in West Palm Beach or in 25 minutes to Fort Lauderdale, or about an hour to Miami so it is diverse and there's always something to do. Anyway, excellent video really enjoyed it.
    24
  3651. Is so funny to see other realtor YouTube channels talk crap about you guys, they're scared 🤣😂 keep up the great work
    24
  3652. If the boss wants you to work at the office, you either go back to the office or get canned. It shows how ignorant people are who thought they'd be able to work from home indefinitely. Ignorance is bliss.
    24
  3653. Enjoy your videos,ty. I have a comment about raising interest rates which does nothing to improve inflation. The only way to get inflation under control is by reducing the money supply. Force the banks to hold more cash in reserve and inflation starts dropping. I learned this from Greg Mannarino. Be the way, the FED nows this and inflation is by design. Have a great day.
    24
  3654. I lived in a house that was on a sinkhole, talk about having nightmares. I'd even have nightmares I was driving down the road and the road would open up with sinkholes 🕳️ 🚗
    24
  3655. $300,000 for old house cracks in driveway curb appeal not what it should be inside the house needs remodeled it’s just not worth it I would rather keep buying gold until the house price reflects the value.
    24
  3656. Really enjoyed todays show. You’re clearly a hard worker and at 35 you’re still in the relatively early stages of the grind that you referred to on the show. Keep it going. You seem to be enjoying it and we’re all enjoying your journey.
    24
  3657. Great video Michael. Appreciate the topic and your insight. Love your channel. You keep it real and say it straight up. Thank you.
    24
  3658.  @MichaelBordenaro  Bullshit! Shoveling snow is much better than sweating your ass off.
    24
  3659. What happens when there are too many vacant homes for RENT? There's a ton of homes for lease in my area and they've been empty for well over 6 months. The prices are pretty high (>5k a month)
    24
  3660. Awesome seeing such an attractive married couple walking together!! Please do this some more!! 👍
    24
  3661. A video of Michael is the perfect way to start the weekend😊
    24
  3662. I have never seen so much of Florida up close and personal- its great content.
    24
  3663. realtors, most, have the ethics just shy of a used car dealer - according to most realtors, it's always a good time to make their commission, err, a good time to buy. they only care about their commissions
    24
  3664. You can’t fix Stupid parents. Those kids were so vulnerable. A Sign isn’t even enough to joggle their brains. Glad you highlighted it.
    24
  3665. Biggest red flag we are in a bubble that’ll pop is seeing homes that were purchased less than a year ago only to be listed again now at double the price with no work done to them. A correction would be returning to 2019 levels, which at this point would be a best case scenario for this market. Unfortunately greed will take us further into recession.
    24
  3666. too bad in ireland all prices are going up nicely as they used to. new car prices go up twice a year, no discounts on anything whatsoever.
    24
  3667. Owning one of these mobile homes is the worst of both worlds. You cannot move because you have some serious money invested in them and you have no control over your rental costs or if the property your home is sitting on will be sold out from underneath you. You are far better off just renting.
    24
  3668. The trends in the Tampa area are steep increases on inventory and price drops. Moderate slope downward in average sale price. I hope the dam breaks wide open
    24
  3669. One good thing about Texas is if you are a senior citizen and can't afford your taxes year after year, you don't have to pay them until you're out of the house. Also our homestead amount is increasing from $50,000 to 100,000 when proposition 4 passes and it is also supposed to reduce school taxes to result in a 41% tax cut. Where we live there are no HOA's. My friends in Waskom TX on the Louisiana border live in a subdivision that has an HOA and all they do is cause the residents trouble.
    24
  3670. I remember back in the day when I was in college, I shared a 3 bedroom apartment with 2 roommates and my portion of the rent was less than 250 bucks a month. sigh.
    24
  3671. There are so many homes that have been ruined by remodels for flipping around me. They plastered over bricks, changed windows and doors and stripped the yards of trees and shrubs. I am hoping the Fed does not start QE for a while so a lot of these home flippers can get fleeced.
    24
  3672. My insurance went from $2800/yr to $6k a year. Which made my mortgage go from $1400/mo to $2200/mo. Any more increase and I'll have to sell a house I bought in 2000.
    24
  3673. I’m seeing some softening in my area. We’re looking to buy and almost fomo bought a few weeks ago. Glad we didn’t. I’d rather have a 400k mortgage at 7% than a 550k mortgage at 3%. You can always buy down the rate and re-finance down the road.
    24
  3674. I am planning to move to Orlando in October.I am just tired of cold Chicago
    24
  3675. Bought my condo in 2004. Paid it off last year and have 0 debt. It’s a good feeling 😊
    24
  3676. We are “educating” ourselves on the EV and that is what turns us away.
    24
  3677. It's actually easier to own nothing. No mortgage no car loan no bills🙂
    24
  3678. ” Be fearful when others are greedy" “Be Greedy when others are fearful”.-Warren Buffett
    24
  3679. There's absolutely no way I'm paying any seller over 1 million in appreciation. These speculators are vermin. I'll live in a van down by the river.
    24
  3680. It doesn't take a real estate expert to realize that home prices are artificially high right now. Any person who buys right now is either so wealthy the price is simply irrelevant to them, or they're a fool.
    24
  3681. Scary times we live in: Can't trust the government Can't trust the federal reserve Can't trust the banks Can't trust home flippers I'm sure I missed a few?
    24
  3682. 81K subscribers and every one of them well-earned! I have been around for quite awhile now, and have recommended your channel out all over, and I have a very large extended family!! Well done! Keep up the great work! 100K, here you come!
    24
  3683. I live in Sarasota County and the construction going on is insane. Please look up the amount of new construction in the Venice/Nokomis area. The amount of land that's been cleared and haven't even started building is ridiculous. The blood bath is coming. And who the hell is gonna insure all these people.
    24
  3684. And what's so interesting is how difficult it is and the hoops Americans have to go to in order to buy real estate in some foreign countries.
    24
  3685. Happy Monday Lizzy and Michael! Almost 100k!!! Airbnbs are in trouble. More Inventory coming to the market and we need it. Driverless Car - No Thanks!
    24
  3686. Yes, let me write a check and make sure it's paid off in full !! lol Homes are to expensive for the average person to pay. $600K or even $400K to much money . Imagine how much the house payment are for these crazy amounts. Not counting Property tax, maintenance, etccc.
    24
  3687. I wish real estate listings had comment sections.
    24
  3688. I make more than I did 6 years ago by about 50 percent. I feel poorer… riddle that one to me.
    24
  3689. I think there's a significant chance nominal prices will remain high but if we look at inflation adjusted prices it's nearly impossible that they won't fall back to at least 2019. Hopefully more like 2014.
    24
  3690. The house at 6:47 sold for 449,000 in 1998 and now they want almost 10 million? outrageous
    24
  3691. Micheal you should do an entire video explaining mortgage interest and the grand total after 15-30 years of mortgage payments
    24
  3692. Michael - good interview, good guest, good questions.
    24
  3693. So important to keep all debt down! Definitely a challenge!
    24
  3694. Searching for housing these days is depressing, honestly. This is the only time in my life I've ever been depressed looking at Zillow. Pretty much every house is at least twice as much as it was pre-COVID. Across the state of Florida. That means no matter what your credit score is, how much you have saved or if price even matters to you, you're still going to get about half what you could have just a few years ago and I know my wages didn't double since COVID, not sure about anyone else. What's most frustrating is that no one in government seems to either notice or care at this point.
    24
  3695. Adding the government to anything is a bad idea
    24
  3696. Congrats Michael 👏 Been watching your videos since the beginning. Miami listings are lasting much longer on the market now and more price cuts even for remodeled homes. I'm also seeing a ton of homes that were last sold in May of this year coming back to the market. So much buyers remorse. It's going to get ugly around November. 🍿
    24
  3697. Insurance premiums are criminally excessive because it is mandatory Government law requires a coverage policy. I’m fighting back!
    24
  3698. Another good one Michael 🎉
    24
  3699. Home ownership is now very risky investment in Florida .... its not the dream for me anymore. My wife & I lived in Punta Gorda for last 17 yrs, buying just after Hurricane Charley & just before we retired. We loved our time there and the SWFL area, but recently sold our home and moved north. Over past several years we observed the effects of our changing climate, king tides & storms getting more destructive, insurance cost skyrocket, taxes go up 100% and our once quiet town become congested with traffic and new residents. In June we decided to take advantage of the 100% increase in our home value and put it up for sale. It sold the 2nd day on the market for our asking price with no contingencies or givebacks (was still a hot sellers market). Now we feel so lucky that we made that move. We will plan to visit warm Florida and other states in our new RV instead. Our hearts go out to all those who have lost loved ones and/or property, and now face so much unknown, expenses and anxiety of rebuilding. Our former home in Punta Gorda only suffered minor damage and yard flooding, but the entire area did suffered major destruction & flooding, and it will be a few difficult years trying to get back to normal, assuming the real estate market can recover....or unless next year brings another severe storm. Playing Russian Roulette with storms, tornadoes & hurricanes finally got to be too much for us !
    24
  3700. Bravo Michael ! Love your points about financial responsibility as an adult. FYI I looked in east TN last 2 years and with inflated market agents tried to get me to avoid hiring an appraiser because quote they are so busy and would slow down escrow process and the local appraisers wanted $1-2k lol....ridiculous....lazy agents and greedy appraisers.... Keep up the good work
    24
  3701. The price has doubled in two years. Who really didn’t think this would be a problem.
    24
  3702. My student loan was worth every penny, hard as it was to pay it off, it helped keep me out of Vietnam with a draft deferment!. No regrets.
    24
  3703. michael is this a push to get sub counts to 100K? by showcasing your wife LOL
    24
  3704. I live in the DC area and all this 1.7 trillion will do is pad my local economy, pay thousands of unproductive, useless government workers and sustain high inflation throughout the country.
    24
  3705. Wow…home insurance premiums for your relatives in Venice, Florida went from $2,300 to $7,000 a year. That would be a financial shock to many. It is getting difficult to live in Florida.
    24
  3706. Thanks again for talking about institutional investors! I think the goal should be for a housing market to reflect the incomes of the people who work there. I would cap the amount of homes that could be sold to institutional investors to a certain percentage. What’s that percentage? Whatever amount it is when home prices detach from the incomes of the area. Make it below that amount. 5% maybe?
    24
  3707. We warned everyone for years and called conspiracy theorists. Everything we said was going to happen has..we tried.
    24
  3708. ADMIT it Michael, You love California. So do I, I swore I would never leave and now I'm just swearing! 😂 There's crazy and then there's California crazy😢
    24
  3709. The funny part is, people voted for the folks who have caused this. It’s about to get very real!
    24
  3710. Yeah, I am spending more than I ever had. I’m paying double for fuel, food, household items, hygiene products, etc. and Im only buying the essentials.
    24
  3711. I'm two months into a $203,500 loan with a 6.875% rate and a credit score around 640. We'll see if Michael is right that I'm a high risk borrower or if I can prove him wrong.
    24
  3712. Those are solid points, thanks. But still, January with 71F vs January with -15F. I know exactly what I choose)
    23
  3713. How refreshing this video was to sit in your heartfelt talk with your dad. A lot of Italian men don't open up like your dad does. This was sweet & you will have this in years to come to look back on. Your dad is a good man & a good father. I got teary eyed watching this. The world would be a much better place if just half the men out there were half the man your dad is.
    23
  3714. Michael I personally feel there are two Americas with a larger and gradually growing group of "have nots" and a second group of those that are doing quite nicely. so you and Brian are both right!
    23
  3715. Just had an unexpected housing problem. Water heater blew. Good thing I have an emergency fund for replacement. New homeowners might not be able to afford this unexpected repair.
    23
  3716. Makes sense to me, I see houses around here with crazy high asking prices. 3 bedroom 2 bath $600,000 I don’t know how anyone could buy these I sure wouldn’t.
    23
  3717. If you can afford a home in a high risk area (beach front, cliff side, lake side, etc.) then you should be able to afford your own insurance.
    23
  3718. Nobody ever talks about Venice, Englewood, or Rotonda. Those are some hidden gems, especially for beach lovers.
    23
  3719. My agent just told me that my insurance company is dropping my policy because I'm doing my hurricane Ian repairs myself. The insurance company said they require a certified contractor to maintain my policy. Since I'm not done making the repairs yet, my agent told me I have no option to purchase insurance. They said no company and not even Citizens insurance will write me a policy until the repairs are complete. He told me that my mortgage company will most likely buy a policy for me. I didn't have flood insurance and my insurance company didn't pay anything on my claim. FEMA did not approve me for home repairs on their initial inspection so I had to file an appeal. I finally got 6k from FEMA 2 weeks ago and can move forward on doing my own repairs. From what I understood in the last legislation to try to fix this mess, they made it so you can't sue insurance companies and they no longer pay for full roof replacements. They only pay a percentage of wear and tear. How in the world is this going to help the consumer? This is going to be a mess for a long time to come. BTW.. I was paying ~$1800 about 5 years ago and now they quoted me $5400 this year for the same policy until they canceled it.
    23
  3720. So many real estate channels out there, and yours is by far the best! Don't change a thing!
    23
  3721. As soon as my stepson started working his mom asked for $100/week. He complained that he’s spending $5200 a year to pay us. I reminded him that includes a home, food, phone, electric, internet, etc. To his credit I think he realized how easy he has it. He’s still young n going to community college next year so he’s working to improve. If he stops that, we’ll we will have to revisit things. I did stay at home for sometime but kept the house clean while my parents were constantly traveling. I was also in college at the same time. It was a good deal and left shortly after graduation. My brother returned in his 30s n never went back to work or paid for anything. He even told my Dad that he enjoys not having to work a regular job and the freedom that comes with it. The only reason he wasn’t kicked out sooner was my mom. Eventually they booted him when he got involved in serious matters that involved the police. But they wasted sooo much money n time with him. He ended up homeless and on drugs, dying from an overdose last year. So sad, he had everything someone could ask for but treated it like crap.
    23
  3722. I live in Saint Augustine. I bought the house I’m in, in 2019 for 450k. I could easily sell it for 850k. My neighbor listed his house a week ago for a million and it was under contract in less than 48 hours. It’s absolute madness.
    23
  3723. Mike, in my opinion if we calculated inflation the way we used to today's inflation would most likely be around 14% just like it was in the late 1970's.
    23
  3724. When they first started rolling out, I said to myself, "Do I wanna be a guinea pig? NO!!" Prius and Camry Hybrids by Toyota are pretty much perfected, but EVs are not there. If we can come up with a "green hydrogen", I would be excited!
    23
  3725. Im part of my HOA board. What I’m seeing is our seniors selling and going to live with relatives.
    23
  3726. They’re FINALLY ADMITTING IT! Home Prices WILL GO DOWN! File that one under department of the obvious. The problem is that home prices are still at levels with 3% mortgages. We don't have those rates any longer.
    23
  3727. My sentiment the same. This is going to expose a lot of corruption wir HOA and the city.
    23
  3728. To the buyers out there, hold fast and let them sweat. 💦
    23
  3729. I totally agree with you. I figured this out years ago, and I am just not in a huge hurry to receive my purchases. We live in an "instant" society. Im ok with waiting. Nice video.
    23
  3730. We just moved to Palm Coast from California. The major attractions for us were no strip malls, large lots, a quiet vibe, close to Flagler beach (warm water) and very reasonably priced homes.
    23
  3731. Everybody will bitch and moan for a while but as the next generation comes along, they will accept it.
    23
  3732. We sold our home on the high last March. Downsized and paid off all the debt.. what a liberating experience. I looked yesterday and I don't think many sales have closed since May. I can buy my old home back for $125k less if I wanted to.
    23
  3733. I’m seeing other local companies requiring their employees to return to the office as well. Some maybe permanent forever at home but remember, during a strong job market, employees call the shots. If we get a recession and the job market tanks, employers will call the shots and back to the office they will have to go.
    23
  3734. Bottom line, we are not buying and holding off. Using time to save and educate ourselves on the numbers. Watching your vlogs and Nick's is helping with our education. Thank you 👊👍
    23
  3735. Small cinderblock home with a metal roof and modest amount of possessions. That's what Florida should be
    23
  3736. My last place in Medford, MA (just outside of Boston) rented for $2900 a month which included nothing. $2900 x4 first, last, security and broker fee was required to move in. That's almost 12k for a single family house rental not home deposit. Insane.
    23
  3737. They laughed at Noah right up until the point that it started raining. You can't save them all
    23
  3738. Dude. You did not coin the term "Mickey Mouse" to describe something that is shoddy, cheap, or low quality. I first heard it from my grandfather many years ago. I am, however, pleased that you are keeping it alive.
    23
  3739. History doesn't repeat but it sure does rhyme. The scam was subprime in 2008, now its "buy now refinance later" until later comes and the FED keeps rates high, and the bank takes your house. Suddenly its 2008 again.
    23
  3740. I agree home sellers need to lower prices when not getting any offers. Rates are a separate issue. But more importantly sellers need to be reminded that the fake equity gains in the last few years aren’t justified or normal and they shouldn’t feel so bad about getting a 10%/year gain versus a20%/year gain. Please mention the 50% equity gain in a couple years is ridiculous. The mouth has always been 3%/ years. I have been watching for a couple years and agree with your take.
    23
  3741. I completely agree this is a major under reported statistic. With 60 million Americans older than 65 in America, we are going to see a massive surge in inventory over the decades as they die.
    23
  3742. You are so right about unpredictable events! I live and buy properties in Central America. I lost count of how many properties are sold by expat Americans and Canadians, who had unexpected medical, family or financial issues! I recently bought a home with Olympic size pool in Costa Rica from an American expat, he was so motivated to sell his property that he was even including a 2020 Toyota Rav4 small SUV with the property. This just happened to be a deal of a decade.
    23
  3743. A lot of homes in California are overpriced due to the deferred maintenance. So in reality the assessment are also responsible for this by not giving a true value of the properties.
    23
  3744. I am so glad that you have your life set up the way you do…property owner, landlord, buying gold, entrepreneur. This way you are controlling you life as best as you can. You don’t have to worry about getting laid off. That is huge, especially in this day and age.
    23
  3745. Thanks Michael for the chill honest walk and talks without a bunch of hyperbole.
    23
  3746. Great video once again! Can't wait to move to St Pete for those west coast sunsets but the East coast is so tempting for better surfing!
    23
  3747. I have been slowing building up a down payment fund after finally fully funding a 6-month E-fund. Some of my family has been pressuring me like crazy to take that cash I've saved up and get into a house as soon as possible before interest rates go up and that I need to start building equity...No matter when I buy a house, be it now or 5 years from now it is insane to buy a house and not have any extra cash for when things inevitably break and no E-fund to fall back on especially now moving into a recession. That way I don't end up as one of those forclosure statistics
    23
  3748. Shame on MN, disgusting how seniors are treated in their final years
    23
  3749. Coming from NYC, I've been in Miami Beach in the dead middle of our winter season (late January), and been on the beach burning in 85 degree weather lol. I've also been there in the summer when immediately upon stepping outside, you begin sweating through your shirt, then a violent thunderstorm ensues, then 10 minutes later the sun is out in full force...I love it all lol
    23
  3750. I found California people more friendly and open minded. Florida just seems less of that
    23
  3751. Florida is one record Hurricane season away from a complete housing collapse. As far as the US economy goes it is completly dependent on the dollar being world reserve currency as we make nothing. Everybody is on the Governmnet dole today weather directly or inderectly. The Gov is the economy.
    23
  3752. I shorted open door a month ago when it was at $5 a share. $3.06 right now. It boggles my mind that they thought a San Francisco algorithm can outsmart local real estate investors who have their own money in the game. Even without the head office overhead, they will never consistently beat the market
    23
  3753. in 2017 it sold for $344,000 now they want 1350000 thats a price increase of million dollars or over 300% in 5 years.
    23
  3754. Different world now. I paid all my student loans back 3 decades ago. And it wasn’t easy. At all. I used to be adamant that everyone should repay their student loans. However, looking at what a ridiculously overpriced scam a lot of higher education has become; would have zero problem with them having to pay the unpaid debt of many of their students. Also, how about not sending, laundering, multiples of billions overseas, and using that money to help young people, veterans etc. to get on their feet. I have zero sympathy for those abusing the system, and they should be easy to recognize. Help those who deserve it.
    23
  3755. Hey Michael. As an insurance agent let me give you my advice. First and foremost long term care policy premiums can and do go up. They can become costly and don't pay for all of your care, just a portion of it depending upon the cost of the care and how much is needed. To clarify, keep in mind there are basically three main types of life insurance policies .... TERM LIFE Term life insures your life for a specific term. Let's say 10, 20, 30 years. It's appropriate for when you need insurance for life events. For example a 30 year mortgage paired with a 30 year term life policy so if you die within the mortgage period your spouse can pay off the house. When you have a child - A 20 year term for yourself in case you die while your child is still dependent upon you. Etc. So term life has it's application and specific purpose. Premium payments are level, which means they will never increase during the term period. This is least expensive option. WHOLE LIFE Whole life, as the name implies, is a type of policy that insures you for your whole life. This is for someone who needs the death benefit to pay out to their beneficiary no matter how old they are when they die. It also comes with some investment components and the ability to borrow against it. But most people do not really need the investment aspect of a whole life. Whole life is the most costly. Premium payments can be level, and can never increase. GUARANTEED UNIVERSAL LIFE (G.U.L.) A GUL policy is a great middle ground alternative between term life and whole life. A GUL will insure you to a specific age, like age 100, 110, 120. But, it doesn't have the financial/investment components of a whole life and thus it is less expensive and a more affordable option to insure you for essentially your whole life - granted you don't live past your set age cap of 100 years +, etc, etc. (most people won't).  The nice thing about life insurance policies is that you can add to them what are called "Riders" to the policy that essentially, "Ride along" to provide enhanced benefits to the life policy.  So in conjunction with your video topic, here is what I would do in place of a long term care policy with increasing premiums. I would recommend getting a GUL life policy guaranteed to age 110 years for at least $500k or better $1M dollars, with a disability rider added to it. If you're in your mid 30's and healthy the premiums should be very affordable. But get it now, and lock in a rate while you're still young and healthy. Now as far as the disability rider is concerned, typically to claim disability you would need to be unable to perform on your own without help three functions from a list of daily functions - like bathing, dressing, walking, etc. You'r doctor would diagnose that. Being disabled doesn't suggest you'd have to be totally incapacitated to qualify. When you get older, and need help as a qualified disabled person, the "disability rider" on the GUL policy will allow you to take out a large sum of the death benefit, before death, to pay for care! Medicare part A will pay for health events that involve terminal illness. A GUL life policy with a disability rider will pay for disability events. So you have both health events covered. Now granted, if you do receive payments under the disability rider, you still have the balance of the GUL life policy death benefit left to pay for your end of life expenses (funeral, debt payoff, etc) or to leave to your surviving beneficiary(s). So it's a dual purpose solution. The other aspect regarding life insurance is that it prevents you from spending down your savings and leaving a spouse penniless. If you do need to use savings to pay for assisted care, your surviving spouse will get that money back from the life insurance death benefit proceeds, (tax free) which can then replenish their savings account. The other thing you can do with your life insurance policy is to grant the death benefit proceeds to your hospice care facility. You make the hospice care facility the beneficiary of your life policy and this is a way to pay for assisted care without having the money up front! Now, If you don't want the full death benefit to go to the hospice facility, in your Living Trust documents, (that you set up with your living trust attorney) you can have a clause that allows the hospice facility the right to only receive proceeds from your life insurance policy to pay for your care, and the death benefit balance to go to another beneficiary like your surviving spouse. For example in your Living Trust it could read something like this.. "I grant Happy Hospice House the right to my life insurance proceeds up to the cost of my care, and the balance of the death benefit to go to my listed beneficiaries". Something in that regard. Speak to a living trust attorney and a good life insurance agent who isn't just going to try and push you into a whole life policy. I know this was long, but hope it helps!
    23
  3756. I feel like someone has been watching over my shoulder and pushing housing prices higher just as my income rose to purchase. In 2021, i received a significant increase in income, game changing. What happens? Houses go up by about the same amount, game changing...
    23
  3757. If you are building a house with a contractor (GC), a word of advice: SPEND the money and hire an architect for periodic inspection with a progress (and deficiencies) report. The architect's "deficiencies report" (with his or her stamp) should go both to the city inspector and the GC along with the owner's letter to correct the errors and omissions found by the architect - with a tight, but reasonable deadline. A paper trail is critical should it come to litigation. Like our construction attorney wryly remarked: "The party with the most papers wins". One more thing: Payments (monthly requisitions) to the GC should be made on the basis of the percentage of the project completed plus purchased and stored materials. A 10% retainage should be implemented (for security) and paid out to the GC only after the final inspection is completed and the occupancy permit issued.
    23
  3758. As usual, good contents Mike. I like the walk-around-videos that you and a few other You-Tubers do. Kind of a neat change of scenery from the normal sit-at-the-desk videos. Thanks. Although I am in the my last home, I like to follow the real estate industry. Its health or sickness is a great indicator of our country's fiscal situation. Even the auto industry will indicate where we are as a nation fiscally.
    23
  3759. Everything is getting more expensive. If you want to be shocked check out the prices of new vehicles. It's absolutely insane what some of these dealerships are asking.
    23
  3760. Back in 2007 Ben Bernanke, an economist and chairman for the Federal Reserve who graduated from MIT, also publicly said there wasnt going to be a housing crash, and few months later the housing market crashed. LOL He said the housing market would grow in 2008. So i wouldnt trust everyone, i would take their advice in consideration while looking at the data myself, closely and on the daily and then decide from there.
    23
  3761. There's a name for the phenomenon. It's called: Escape High Tax, High Cost, High Crime, Big Brother Authoritarian States.
    23
  3762. Family Dollar closing stores. I am on fixed income. This will hurt so many seniors.
    23
  3763. I think there's something more sinister in this push for getting people to go back to the office as the expense of wfh favors companies. Having said that, a study that focuses on human data entry workers is not applicable to other lines of work. Plus, if the company is only interested in productivity, why not just use AI for data entry? That would require far fewer humans and the office is still not needed. Data entry work is usually time and material based, while other kinds of work is outcome oriented per project. I've been working from home probably half my long career. When my kids were young, I had a separate office and my then wife took care of the kids during work hours. It was a big house so they could be in the game room way on the other side of the house lol. Now it's just me. When in the office, I easily got distracted by loud mouths, gossip, neighbors banging pens and tools on their tables,etc. I do understand the periodic need to meet in person and agree that's good. But being in the office 8 plus hours a day is insane.
    23
  3764. Don’t forget Michael 6% mortgage rates right now are for borrowers with stellar credit. Interest rates go up as FICO scores come down. Very informative video. On-Point
    23
  3765. Buying right now in my area would be dumb. I can take my cash and get a 5% return in 1 year or buy a house and watch the value plummet. Luckily I have cheap rent. I’m just getting impatient but it literally pays to wait.
    23
  3766. My sister is a realtor in Daytona, that's why I watch your show. I was in FL for Xmas and for the first time ever I didn't go to Disney as part of the trip. Too flippin expensive and too crowded for me who grew up with D since opening day when we all lived in Largo and went All The Time. sad. I'm afraid to ask her about her work since she just lost her husband and is now depending on those commissions. uggg.
    23
  3767. BOA is trying to get everyone to do online banking. I prefer checks! Chase just had a major issue with their online banking. I will continue to write checks for my utility bills.
    23
  3768. With current pricing, then higher interest rates, nobody can afford them. That means that a 458K home at 4% interest, the payment would be about 2850.00, now you add the taxes for example in Miami- Dade Broward counties, Florida that is another 1500.00 per month, Meaning that the monthly would be over $ 4,000.00. The other issue nobody will at this time get any fix rates. As the Feds are and stated they will be increasing 5 times more this year. Majority of people will not be able to afford does payments, as still have to pay insurance, Water, Power, etc.
    23
  3769. Hi Lizzie nice to see you.
    23
  3770. The 150kw refers to the charging speed not the amount your being charged for. The amount your being charged depends on the battery size of the car. Still not cheap though.
    23
  3771. I Just love those walk and talk videos!😊
    23
  3772. If units can't get mortgages, and maintenance is too high, owners should elect to demolish the building. In the interim, owners will save the maintenence and other expenses. Sell the land to a developer and split it up.
    23
  3773. 5 homes on my block for sell, sitting over 6 months wiith no offers. Open home showings on the weekend genarated zero traffic. My community is 24 months old and people are trying to sell as taxes, HOA is way to much. No one can afford 8K. Average home prices is 365K. I've lost 15% in value in 20 months. houseing is a train wreck at this time.
    23
  3774. Good news: Miami metro median sale price has dropped 3.6% in the last two months. The largest single month drop we saw in the 08 crash was 1.19%…. The velocity of this drop says a lot more than the single number… the trend is very positive for homebuyers
    23
  3775. Other than the Great Depression, when have food prices gone down. I personally don't remember anytime they have gone down, and by extension, every other commodity.
    23
  3776. New home builders are getting hammered by buyers canceling their contracts and walking away from their EMD.
    23
  3777. America is the New Titanic
    23
  3778. With commercial bankruptcies and bankruptcies, credit card debt, Inflation, I believe it is all a delusion. :hand-orange-covering-eyes:
    23
  3779. I am an old country boy. The cattle farmers tell me that when beef prices go up because of the market, the beef stays at that price. Even when the market for beef goes down, the prices still stays up. So, it will never go down, according to them.
    23
  3780. The Great Unwinding is just starting. We've added 23 trillion dollars to the national debt since the last crash in 2008, driving up all asset prices. If you don't have to make big purchases, don't. Stay in cash at 4.5% interest and let the dust settle.
    23
  3781. I own my home. No mortgage. I have been looking since 2020. I WILL NOT buy a $150,000.00 house for $300,000.00. I will just stay in my home.
    23
  3782. I do wonder how people in Florida afford these property taxes somethings not adding up so it would make sense that many people just stop paying them all together
    23
  3783. I'm all for higher interest rates and making borrowing more difficult. However, there would need to be laws in place to prevent big money and big investors from swooping in and buying homes for cash when the prices decline.
    23
  3784. Not getting flood insurance, if living in Florida, is unthinkable! Thanks for taking us on your walks, Michael!
    23
  3785. some people are just braggarts. I hope Brad was listening today.
    23
  3786. I would liquidate the home. Don't get too emotionally attached to the home. That's key. "Don't let yourself get attached to anything you are not willing to walk out in 30 seconds flat if you feel the heat around the corner "
    23
  3787. Prices have skyrocketed on everything. People are feeling the pinch, especially families. Thanks Michael and Happy Thursday!
    23
  3788. Beautiful area but not worth $1.8 million. I see a lot of buyers remorse coming to a city near you.
    23
  3789. Haven’t watched the video yet, but haven’t the speculative investors and big flippers been a bigger part of the problem?
    23
  3790. PBS did a great documentary on student loan debt. Most of the inflated debt was due to predatory lending and marketing practices from colleges like the University of Phoenix. They prey on "underserved populations" (ie: mostly poor people who don't have other life options, and are operating on the "dream mentality".) The predatory lending and student loan machine is a force to be reckoned with. The key is EDUCATION! Don't get sucked in people. Educate yourself and ask questions. Do your homework!
    23
  3791. It's about time! Pay up or get out!
    23
  3792. Make your grilled cheese sandwich at home 🏠 better quality and less money
    23
  3793. They figure why should they pay when they can get it for nothing up to $999 it's going to keep going on until we get some law enforcement
    23
  3794. Pretty soon tents will have high mortgages.
    23
  3795. Michael, did you hear about the SVB (Silicon Valley Bank) collapse today? FDIC took it over due to a bank run.
    23
  3796. I am not a real estate lawyer, but I am just envisioning what the seller's recourse would be if the buyer stops paying. Could you force them out? Won't squatters' protections prevent the seller from doing that? If the buyer does not have the funds, then suing them would be fruitless even if the buyer damages the property. I can't imagine such an arrangement would be beneficial to the seller even 10% of the time.
    23
  3797. Remember when they were giving out free fries or $100 bucks to get people to get the jab?? This is kinda the same but in the real state market. Buy a house at any cost! We will pay your MCDONALD'S for 3 months! Don't worry about the monthly payment or the super inflated home prices, you won't even have to come up with a decent down payment. Buy a house (in the current market) and get owned for life!!
    23
  3798. Oh if I knew what I know now I would have done so many things differently. I made huge bucks in the last 35 years or so and I pissed so much of it away. Young people PLEASE BE SMART and save money and make the right decisions in life. I’m 61 years old and I’m retired and doing fine BUT if I had YouTube 20 years ago I would have been so much better off. Listen to Michael he always has great information. Blessings everyone, Carlos ✝️🙏❤️😊🇺🇸
    23
  3799. Michael; You are correct. We don't have a land shortage. We have a potential fresh water shortage.
    23
  3800. I’m hoping that someone gets FOMO and buys my condo when I list it in April. Have fun with these ridiculous taxes and utilities (we’re rural so it’s even more). We’re going back to an apartment in the city and our monthly costs will instantly be cut in half
    23
  3801. Just passed my college midterms, and now chilling with a new Michael Bordenaro video! Life is good.
    23
  3802. Cash for clunkers, UAW making huge benefits, interest rates, EV mandate. What can go wrong.
    23
  3803. I have a nice home for $170,000. I got my financing first. Your home should fit your budget and not the other way around.
    23
  3804. We are all just playing games. Everyone wants everyone else's money. Nobody works anymore.
    23
  3805. Keep up the good work Michael 🎉
    23
  3806. I went to one McDonald’s store and they charged me .85 for a senior citizen black coffee. Next day I went to another one and they charged me 1.29 for the same thing.
    23
  3807. "GIVE BACK DODGE CHARGER" 😂😂😂
    23
  3808. I used to dream about retiring in the Florida Keys, but after watching this channel, I've pretty much abandoned that dream. With the insane prices on mainland south Florida, I don't even want to know what the prices are in the keys.
    23
  3809. In Sep. 2017, after Hurricane Irma, I lost power for 6 days on FL's east coast. The heat was brutal. When the power came back on it surged and fried my garage door opener, irrigation pump, and irrigation controller. I've since installed a whole-house surge protector.
    23
  3810. Get rid of AOB (assignment of benefits) and all the roofing crooks and our problem will not be nearly as bad!
    23
  3811. My current lease is up in 8 months. Will be buying a home soon. Good news is all I need is access to internet so, can live just about anywhere, Texas and North Carolina are where friends and family are so, thats where ill be looking. Hope things are at least a little better by then.
    23
  3812. I think it would be cool to deconstruct neighborhoods one by one just so an average viewer would see the advantages and disadvantages of living in particular areas. I recall seeing something similar in the channel but a more detailed breakdown will be great.
    23
  3813. Michael, I am a long term follower of your channel and very much enjoy your content. Recently sold a home in Maryland. Found my realtor using the link you reference. The agent was excellent and hope you receive your remuneration promptly.
    23
  3814. I live in Las Vegas and bought a townhome in September of 2023. I make $3,600 a month after taxes. My mortgage and HOA combined is $1,800 a month. I don't have a car payment or credit card debt which helps keep costs down. It's going well so far. Keeping my fingers crossed.
    23
  3815. All of a sudden the Mid Atlantic listings ratio to pending/sold homes the past 2 weeks is 2 to 1. Listings have surged since the 1st of the year. This should not happen this time of year.
    23
  3816. Here in Sarasota, FL, I wouldn't consider 20% a crash for Southwest FL, a 50% decline would be a market correction. Most homes went from $250k in 2019 to $500k in 2022 or more. A crash for SW FL would need to fall below 2019/2022 levels for some period of time. It would need to be -60%, heck maybe even more to be a real crash.
    23
  3817. You’re right Micheal. The quicker they get out the better. He who hesitates is lost kind of thing.
    23
  3818. Our friend just got their renewal for Flood only and it was $9000 in St. Pete. The price to see dolphins while walking your dog is high.
    23
  3819. The most ironic aspect is that the college loan bailouts will actually increase college costs. This was the problem to begin with, inflation of the college loan market, a government gravy train (exploited by bankers and college administrators), and a lack of competitive incentives between the universities. In the 60's and 70's college was cheap.
    23
  3820. I lived in Cali in the 90s. I knew married couples in their 40s borrowing money from their parents to buy a grossly overpriced house. It was really sad, and crazy risky, too.
    23
  3821. Another great video, thanks!
    23
  3822. Housing was already overpriced 6 months ago when rates were 3.5 %.
    23
  3823. They are closing also because of cheaper online sales.
    23
  3824. I’m pretty sure your you tube channel will increase your real estate sales. You are a very likable man. If I was buying in Miami I would definitely call you.
    23
  3825. You are becoming one of the only people I trust and watch online in this industry! We are looking at building our dream home (top of our budget though) and our realtor who we bought our starter home from 8 years ago, and every other realtor in my area say “marry the home, date the rate!”, “you can refinance when rates go down, probably next year during the election” etc etc etc. It is definitely hard to know who to trust and who just wants your money and doesn’t care about much more. Doesn’t care if we could end up upside down or house broke. We still don’t know if we will build right now but your videos are helping us make educated decisions. So thank you!
    23
  3826. OMG! Best surprise ever!! So excited to see both of you together 😀Perfect way to end the day!
    23
  3827. Went to an open house yesterday. The agent told me "marry the house, date the rate," I wanted to gag. House was overpriced compared to recent comps - roof, AC, water heater 13 years old, good luck getting homeowners insurance.
    23
  3828. I made a mistake and missed a payment on my Business Platinum and Amex absolutely panicked. I'm normally a great customer and I just made a mistake and they totally freaked out like I've never seen. It's all straightened out now but it's kind of a wake up call. These banks are NERVOUS!
    23
  3829. I bought a home in Pennsylvania for 250k with a 5% interest rate. it's not an adjustable rate. I was tired of paying 2k per month for rent. Thanks for the info 👍🏿
    23
  3830. Hello Mike, Thank you for the update, and please continue showing houses' sell prices / listings during your walk. Keep up the significant updates!
    23
  3831. I saw some monthly HOA are about $800/month, that's a rip off
    23
  3832. My friend went to Law School he owes 280k, trying to get Biden to pay for it...oh I forgot that's you an me paying for it
    23
  3833. It depends on the position and company. Tech is loaded with remote jobs. My current company hires people from all over. Including Florida. Since there's much less bs outside the office.. I think it's a much better solution for me personally 👍🏻 I can actually focus more on the work itself. I'll always go for remote jobs from this point forward
    23
  3834. We all start with nothing. Then some of us worked all our lives, didn’t expect a handout, and made smart purchase decisions. Tear tear for the have nots. I am doing just fine and enjoying all the years of sacrifice and its rewards.
    23
  3835. Great collab, please do more vids together!! I watch both of you channels regularly and you guys mix well to provide different perspectives
    23
  3836. Love the views, the walk and talks and most importantly the truth!
    23
  3837. Who is buying all these houses at inflated prices and high interest rates next year it makes no sense 😕
    23
  3838. Two honest real estate agents in south Florida... I can die in peace now, I have seen the impossible happen 🤣
    23
  3839. I’m glad I have dual citizenship with Mexico.
    23
  3840. JUST IN - U.S. Federal Reserve hikes rates by 0.75% to 4.00% — the highest level since January 2008.
    23
  3841. Every video you making is extremely valuable and might help people from losing everything, so please do the compilation video you mentioned. And, let's not forget that people are becoming more desperate and violent as their personal finances fall completely apart!
    23
  3842. I remember taking an economics class back in college and they were talking about stocks. The whole time in the class, my one burning question was just how on earth do you make money in stocks. But then it dawned on me: if the professor (someone you can deem "an expert") knew how to make money in stocks, she probably wouldn't be teaching. Because as the saying goes, those who can't, teach. Who are the true experts? In real estate, it's the successful real estate investor. In the stock market, it's Warren Buffett. The only people that have a clue about anything in any investment arena is someone who has a personal vested financial interest in succeeding. When you don't want to lose money (or better yet when you want to make money) as an investor, it does something to make your IQ shoot through the roof along with your awareness of what's going on. Mister Cushy probably has a very cushy job as an economist. If he's wrong, he won't lose a penny and he'll still get his paycheck. So he has no incentive to have a clue. He just needs to pretend like he's smart, put forth an opinion, and keep collecting his paycheck. Which is why you would be a fool to listen to him. Same thing with Jim Cramer. Whether Joe Investor makes money or loses money by listening to Mister Cramer is of no concern to Cramer because he gets paid either way. Stop listening to "experts".
    23
  3843. Thank you for making this video. I feel like you just provided a monologue for what I’m thinking on a daily basis in this post pandemic world.
    23
  3844. Housing crash facilitating SOCIALISM 😢😒
    23
  3845. Employer lured them with a bonus- then fired them. One month before they couldn't claim the bonus back-so they could demand it back? The employees weren't leaving for better jobs- they stayed. Employer might be within the law, but what a bunch of scumbags.
    23
  3846. I'm happy Florida is stepping up! Public areas are not for living! 💯
    23
  3847. Add in $4500 per month rent on a hipster condo.
    23
  3848. The "real deals" in FL are a year away as inventory continues to pile up.
    23
  3849. This isn't just Florida this is happening everywhere. I live in Southern Indiana and housing here has gone nuts!! A house selling in hours of hitting the market and there are three and four bids over asking price.
    23
  3850. I never had a claim until hurricane Francis hit my Jupiter FL house in 2004. The deductible was 2% of the insured value which was about half the cost of a roof. I had to hire a roofer and turn in proof of completion to be reimbursed half of the cost. By the time I could get a roofer, it was raining into the house and hurricane Jeane came just a few weeks after hurricane Francis. I endured a nightmare even with insurance
    23
  3851. Wow man finally another fellow realtor who gets it! I'm over here on the other side of the state in Sarasota. Remember back a few months ago when realtors were saying to buy now because prices were going to only keep going up and people went out and panic bought? You're one of the few in our industry who is honest and credible, and that will keep people like us going because we will continue to have credibility among our peers. Keep up the great work!
    23
  3852. I’m a roofing contractor. Standard roof is 30 years. You should absolutely get at the least 20 - 25 years if roof was installed correctly
    23
  3853. Finally! So often people where scamed by these HOA's. Rather save my money up than paying these expensive hoa's fees!
    23
  3854. That reminds me of what they told buyers last time. "If you buy now with a zero down and adjustable rate, you can refinance in 5 years into a fixed rate using your home equity as the 20% down payment. Cause housing always appreciates in value"
    23
  3855. I find it hard to believe these insurance adjusters. I had some crappy tenants who left my rental in shambles and this well known insurance company had their guy do the damage assessments. His conclusions were that the damage was just from "hard living" and nothing was covered...SH*T.
    23
  3856. With rising inflation, most people only get poorer.
    23
  3857. I rent just outside of San Francisco and the reason I chose this apartment complex was because it was really cheap at 1,875 a month in a decent area. Since covid we have had two price hikes. I now pay 2200 for the same unit with the exact same amenities. I only continue to stay because it is STILL the cheapest i have found in the bay area in an area that isnt crime ridden
    23
  3858. The best Christmas gift you can give yourself is to be debt free...buy presents with a budget...use credit card points you may have already. Regift gift cards you will not use. Sell items to pay for presents, be creative and make bake goods. So many ways to have Christmas or buy what you need without going into debt that makes you miserable and afraid.
    23
  3859. I did the math. Retiring at 62 vs 67 has a break even of ten years. That means you don't start making more money gross until you are 77.
    23
  3860. This policy is completely insane. It negates the most critical point of credit score
    23
  3861. From $5.00 to $7.00 is a 40% increase, not 20
    23
  3862. The main reason I left Colorado Springs was because of the freckish hail storms that occur during the summers. These storms total every car and roof in their path for miles, not to mention windows, siding, trees, etc. Many animals that get caught outside are killed by the hail. I replaced my roof 3 times in 3 years, then left. . . and fires are an issue too as the west side of the city butts up to the Pike National Forest.
    23
  3863. This woman was spoken about on The Young Turks. The Tahoe's financing was taken out FOR the husband by the wife.😮 She's had these payments for 3 years and has only paid down 10k of the principle!😮😮
    23
  3864. I drove through Memphis a few years back on a roadtrip from the west coast to DC… we were going to pull over and get some food, but looking out the windows left us a bad feeling as it was a very tough town. The looks back at us were unnerving. So instead we decided to head for Nashville even if it meant a very late arrival. Memphis is sketch.
    23
  3865. You are the man for charting your premiums data points. You always go the extra mile.
    23
  3866. Mike, I do not think your vids are negative. They are positive in that they provide an honest straight shooting view of current economic realities! period. p.s. Congrats to Kathleen!!! I think this is a great time for me to move to Florida and buy my retirement home. I just have to do it when things bottom out. And the bottom, I think, where I am looking, will not be as severe as the big hot market cities but it will be lower than the prices now which will help with making the move overall. The one thing I am concerned about is how prices are for my area - hopefully my area stays higher relative to the FL rural area I am looking at.
    23
  3867. I've noticed that your channel is growing steadily Mike B!. Use to be less than 10k subscribers. Now it's approaching 21k subscribers. It's come a long way. I remember when I've first subscribed to the channel a long time ago. I'm glad to see it growing!.
    23
  3868. The slick hairs collide!
    22
  3869. I didn't know people get a hard time finding a apartment without a job and they have months of rent upfront. I actually thought the landlord would accept that as long as they get s tenant. Maybe landlords are extremely picky and choosing. I don't to worry about that no time soon due to the fact that I'm currently focusing on getting my credit score up in the high 900s. Basically buy a snack once a month, put my credit card in a safe, wait for the bill to come, and pay ahead of time and do the consistently. Great educational video Mike B!.
    22
  3870. I’m so glad that I Sold my investment home in the Nashville area last February and my restaurant and the building last August. I saw the writing on the wall and got out at the right time. I feel so bad for all the first time home buyer’s right now because this is all a Huge mess. Thank you Michael for another awesome awesome video. Have a great weekend my friend, Carlos
    22
  3871. Why does government continue to pass laws that screw up the market? To create more chaos so you need them more. I'm so done with politicians and their idiocy.
    22
  3872. This is the most truthful channel on U Tube !! Thank you Michael
    22
  3873. My husband finally got a remote job way paying less than Washington state wage here but we’re happy to move back to Florida! We’ve had little crazy experience and disappointment with Florida jobs! We came to florida in September 2021 and moved back to Washington state in August 2022 couldn’t find an OK paying job here in florida so we did short rental to our house because we could afford our mortgage and bills total $3k a month. By the way we were looking for a job for 4 1/2 months and could find a job that pays to cover our lifestyle and bills in Florida! Praise God for this new job even thought we’re getting -$7 cut per hour :( ohh well but our goal is to build a mother in law on our property to rent it out and to pay our mortgage that way it’ll be easier to live otherwise it’s almost paycheck to paycheck due to our mortgage bills food
    22
  3874. There will never be a shortage of remote IT and knowledge jobs. I have worked remotely since year 2001 as a consultant/contractor. My hometown does not support tech companies, so I looked at companies elsewhere with remote opportunities. I haven’t looked back. Many companies simply do not have the space or resources for contractors working on projects with a defined start and end date. Contracting/consulting is a perfectly valid way to earn a living. Few jobs are “lifer” jobs these days. Learn to create your own opportunities and to move quickly when business ebbs and flows. Michael, please stop treating remote workers like ugly red-headed step-children who drive up real estate prices. We deserve to live where we want to live and raise our families, just as you do. Don’t hate us because we figured out a way to make it work for us! We have been around far longer than the pandemic and we will be around long into the future.
    22
  3875. Migrants, drugs, congress gridlock, stores promoting theft as an excuse to close stores, pandemic, average folks were not supposed to invest default 😢😢
    22
  3876. Stores all over the nation are being pillaged daily. Those of us who are honest and pay, end up footing the bill in higher cost for everything we buy. If it gets to bad the store shuts down. Example Rite-Aid, CVS.
    22
  3877. I can't stand leaf blowers about as much as I can't stand the stupid backup beepers every truck has 🚛
    22
  3878. Many homes here in LA and OC have 5-8 cars in the driveway. That tells me that people have to rent out bedrooms or numerous people living there to be able to afford housing here
    22
  3879. My husband and I went grocery shopping yesterday and we live in southeast Oklahoma and I almost fainted I hadn't been to the store in a while I knew things were up but my husband does most of the grocery shopping I don't know how people are handling it specially the people that are on fixed incomes like WE ARE
    22
  3880. PREDATORY LENDING AT IT'S FINEST! His FHA mortgage was at 3% and paid off in 2040 and after the modification his new rate is 6.875%? Original payment of $1300 a month to %1900 a month? lol ... That is a textbook definition of predatory lending, and it is highly illegal in all 50 states and territories. This is who you have running the country folks. Communist who doesn't give a shit about the laws or the Constitution. I was in Mortgage Banking for 12 years with my own company and this example is one of the most egregious examples I've ever heard. The lender that funded that loan and everyone involved with it in between should all be arrested and thrown in jail. No questions asked.
    22
  3881. I sure hope all these people making comments start talking out loud to others too we need to be spreading the word to help people WAKE UP, it's going to be hard to do it because these people ARE programmed but if things don't change quick our Country is toast, God help us
    22
  3882. Hi Michael, in a future video, could you also talk about renting a house and how it compares to renting an apartment or condo? Btw thank you for making such informational videos. I always learn something new and useful 😀
    22
  3883. The rental market is insane. I live in a small town with a large university. The few available rentals here are overpriced dumps for students. I need to move out of the dumpy mold infested rental I am in and am having a hard time finding a decent house that's not used for college students. They wreck the houses and the owners don't keep them updated. I recently applied for a rental and so many people applied for it that they had a bidding war!
    22
  3884. Older condos will be ruined by the update costs,special assessments. Eventually the building will be vacant and don't be the last guy standing.
    22
  3885. The automaker's have to start making bigger auto's since people will soon be living in them .
    22
  3886. I miss “cheap” Miami post 08 crash. You could have a beautiful house in a great neighborhood for under $500k with adjusted low assessment value/taxes. Also, Miami and it’s people weren’t as insufferable to live with as they are today.
    22
  3887. The common denominator is plain greed, which applies to both parties. But rest assured the new owners would not have submitted $400K 'lowball' offers unless their attorneys insisted it would pass legal muster. And guess which side has the financial wherewithal to acquire the best legal representation? The holdouts will rue the day they didn't accept the initial offer and run.
    22
  3888. Even if the interest rates fall back to affordability levels, homeowners insurance creates a roadblock. So saith me, a real estate broker in California...in the beautiful true northern area of Mt Shasta.
    22
  3889. You mentioned the rich owning most of houses some day. What do you think about the government banning corporations from buying up homes? I have heard some of the issue with home inventory is that big companies are buying homes sight unseen, no inspections, cash offers. I think it would be a benefit to stop this from happening and only allow homes to be sold to individuals or families.
    22
  3890. Thanks Michael for making this channel for all of us! It’s obvious you work very hard and care very much. I rarely comment to all the amazing YouTube videos I watch, but your channel is particularly one of my favorites. I felt your joy truly come through when you unboxed your silver plaque 100,000 subscriber award! Congratulations on such a great milestone. I really enjoy ‘going’ on a walk with you each day to all this beautiful places and American neighborhoods. I also find your voice very calming and trusting. All your information very interesting and informative. All the best to you and yours, and again Thank You!
    22
  3891. Happy anniversary MB. I just literally spoke with my loan officer about the problems with condos and the HOA nonsense. I am approved for a home loan and not finding what I want and these interest rates are ridiculous. I will exercise patience. I’m getting that single family home one of these days. No panic or pressure buying for me. I’m in the sf Bay Area and watching the job market they keep lying about.❤
    22
  3892. I can't wait to see what the market, especially in S. Florida looks like by end of summer / early fall!
    22
  3893. My entire company is remote so I don't think this is going to work 😂
    22
  3894. When will they realize that stimulus causes more imbalances, make things more expensive and causes more debt. Let the market work.
    22
  3895. That happened to us in 2006. A couple offered 385,000. My husband was asking more, and they couldn't go higher. A couple of months later we got another offer, ended up getting 323,000 and had to agree to pay closing costs. It was still a couple 100 thousand dollars then we had in the home. I was happy. Men get greedy!
    22
  3896. 10 k new jobs for 30 million migrants and 0 for citizens 😂😂😂😂🎉🎉🎉🎉
    22
  3897. Its easier too cool off when its really hot than warm up when its really cold...
    22
  3898. Wow, HOAs are crooks. What the hell kind of maintenance costs that much that's charged to every single condo unit a month?!
    22
  3899. I can see "Brad's" point, he probably never got laid off, was born into Money, no student loan debt, a "FORTUNATE SON", so yeah the 'WHINERS" do get to him.
    22
  3900. Miami's market is extremely overpriced. Big bubble burst coming....
    22
  3901. Your channel is the best and most down to earth regarding Florida real estate. Thank you so much. So smart.
    22
  3902. The rent is too damn high!
    22
  3903. South Florida isn’t budging! But like you said, slowing down and inventory is increasing. I’ve been wondering about the migration date from Blue states and cities. I never thought I’d be worried about that . Anyway, there’s a huge debt bubble that’s not going away due to inflation on goods and services but stagnant wages from employers. Nick on RC said the west coast will fall faster than the east and…unlike the stock market, housing crashes take a while. I wonder if adding migration metrics to the mix would help to determine how migration is impacting sales and inventory?
    22
  3904. Totally agree with you about the horrible customer experience these days in Anything retail. Strangely though, I’ve been doing some traveling in Europe and the customer experience at least at restaurants, still seems to be pretty good. It might be bad from a local’s perspective, but for us visitors, still much better than the horrors we experience here.
    22
  3905. Allot happened in 1971. The World Economic Forum was started in 1971.
    22
  3906. In Miami Beach, you are not expected to wear shoes when walking on the sidewalk. But the utility companies are expected to secure their utility boxes properly. What if an elderly or handicapped person tripped on the unsecured cover? What if you were jogging? I would contact the city.
    22
  3907. Builder incentives won’t do anything if investors just buy up everything. There’s no shortage. There’s a hedge fund and amateur investor problem.
    22
  3908. I would love to be able to afford to buy my dream home one day. Hopefully it will happen in the winter time either this year or next.
    22
  3909. You're absolutely correct. Many of these workers who bought remotely and bought something more than a hundred or so miles away from their office knew they were taking a huge gamble. To act as if they are surprised by this makes me wonder why? Seriously?
    22
  3910. Hi Michael, I want to let you know that my family, and I have made our move to West Palm Beach safely. Last month I had commented to one of your videos, telling you that we were moving from Michigan. You responded to me and said congratulations to me on our move. We've been here now for three weeks, and are so happy, and love it so much, for all the same reasons that you have spoken on why you love Florida. I love your videos, and you are such a nice person. Thank You, Bill
    22
  3911. Thanks. For some companies "back to office mandate" creates excellent opportunity to layoff part of the workers without a shame.
    22
  3912. Omg, i totally roll my eyes everytime i see people doing that kind of stuff and raising the prices ridiculously!!
    22
  3913. I kept seeing 100% , 300%, 600% increase in HOA fees on local news channels on youtube. They were uploaded about 3 months ago from today
    22
  3914. In my area, house prices depend a lot on school rating. If we had no kids, we could probably buy a good house under 1/3 of what it costs here. Thus even people without kids indirectly benefit from paying school taxes. Also the society wants people to have more kids and punishes those who dare to resist :)
    22
  3915. My homeowner's insurance in Central Florida went from $1,280 a year to $1,640 to $2,500 this year. Not enough to be a deal breaker but I have an eye out for properties to the north.
    22
  3916. But Mike, starter homes for young people are usually condos. You start there, and then trade up to a SFH when the market is right. Nobody jumps right into a single family home right out of college (unless they get help from parents). For young people just starting out (most without kids) there's no need for backyards and such until they have kids. In this economic environment, my suggestion is, don't have kids until you can afford them. Freeze your eggs if you must, but don't do it while you are still struggling. Kids deserve better care than dead-broke parents who can't even afford diapers and milk for them.
    22
  3917. Another great video 👍🏻 Florida - Yes please Commiefornia - No thanks
    22
  3918. I've been told "the best time to buy was yesterday." But i am not going to spend 40-45% of my gross on mortgage.
    22
  3919. Is it common for a site to sell for less then 5x it's claimed monthly income? That seems like a red flag to me.
    22
  3920. Not to mention repairs, labor, upgrading and maintaining HVAC equipment, water & sewer and cost of cost of all materials like nails!
    22
  3921. I think it is very important to have the apartment inspection documents always available and updated. The building had million-dollar condos yet such a terrible incident happened which impacts the reputation of not only Florida but also the US. Lastly, Very valuable video Michael. Thanks. :)
    22
  3922. I was looking for a house for the last 7 months but I took a brake cause I got overwhelmed by the competition and people starting not giving concessions and also that the firm started with the the mortgage buy down (scam). I’m able to pay the down payment and closing costs but this is not normal and don’t feel like being taken advantage of. This is Phoenix Az by the way. So now that I’m just on hold I’m getting hit like crazy through email and even chase my personal bank to buy a house. My bank chase even said they would give me 5k if I don’t close with they predicted time period. Yeah right. I’m totally swing first hand how banks are totally loosing it and trying to get people to get drained. Thanks Michael for giving us the backstage of all this caos so we don’t fall in their trap.
    22
  3923. My most heartfelt sympathy to all affected families.
    22
  3924. My parents bought in Orangevale, CA in 79 with interest rate of 11.25% but the home was close to 30K. At that price almost anyone could afford a house. House was built in 63
    22
  3925. At one time, I had an HOA. They sent out a notice to every residence that regular trick or treating was banned and there would only be trunk and treat at the clubhouse. I called them right up and asked them who they thought they were to tell me who could come to my door? 2 days later we all got another notice saying the HOA had changed their minds.
    22
  3926. I’m not even in the housing market and I love this channel!
    22
  3927. I dont think we should ban foreign investment, but instead lets raise our property taxes for them, say like a 50%-100% increase. That would help the locals pay for schools and roads, keeping the money in these communities as well as deturing some investment also helping the locals.
    22
  3928. I’m a Remote RN Case Manager who works remotely. A silent raise is not paying dress clothes, mileage to not go to office. , not buying 2022 model cars which currently has a 27% recall ratio. In my zip code, remote working is $523 a month cost saying every month.
    22
  3929. Perfect Storm not to mention the perfect storm hurricane season coming up 🌀
    22
  3930. I have been in this building numerous times. The neglect of the HOA board to fix this issues thru out the years is very irresponsible. Owners should take legal action against the board.
    22
  3931. I was supposed to go home for Thanksgiving this year but changed my mind when I saw the prices for air, cars and hotels. The prices are simply not worth it to travel to a rural area lol plus who can handle the cancellations??
    22
  3932. I really enjoyed your video and you brought up a lot of good points. But I need to address your issue with our homeless population which is a direct result of our leftist government policies. I’m 3rd generation Southern Californian, my grand parents immigrated here in the 1930’s. And it’s tearing me up that I’m considering leaving this beautiful state. I know a lot about the homeless who I refer to as Vagrants. We do have homeless who may live in their cars while they’re struggling to better their situation, but those tent cities that have recently popped up are a different matter. My information comes from my personal contact with them as a Firefighter Paramedic with the City of Los Angeles. The first point to understand is that a house will not fix their problem. It a a drug and alcohol abuse problem along with a small percentage of those with true Mental health issues. Most of these people refuse to go to homeless shelters because they value their personal freedoms above all else. Secondly, it’s the liberal state policies here that attract these people to California. I usually ask them while transporting them to the hospital where they are from. 90% are here recently from out of state. It’s the many free social programs and support that brings them to California. The state is tolerant and allows them to set up these camps. Conservative states don’t. Everything is tolerated, hyperdermic needles are passed out for their drug usage. They shit all over the sidewalk. I watched a cop get laughed at after asking a man to stop crapping on the sidewalk. It’s even a known fact that other municipalities have been caught giving them one way tickets to LA as a way of getting rid of their problems. The fact is that the money spent on the homeless problem just attracts more homeless to come here and the problem only gets worst. And this is something you just won’t hear from the media. I hope Florida doesn’t make this same mistake.
    22
  3933. Proposition 13 in Los Angeles has saved my ass. If I didn’t have that tax protection, my taxes would be through the roof at this point.
    22
  3934. About 10 years ago my husband and I decided to pay off all our debts and start saving. We now have over $200,000, 100% debt free and have a child. It’s all about saving your money! It’s actually fun to be frugal. I love thrift store shopping for the things I need, driving a used car that is paid for and teaching my child how to save. I wish I would have started living this way a long time ago.
    22
  3935. Thanks for your thoughts on the pandemic’s affect on the demand for rental units! Another factor to consider is the fact that student loans will probably be coming due very soon (for the first time in 2.5 years). For me, that’s another $350 monthly charge that I’m gonna have to pay. Makes getting roommates more attractive 🤷‍♀️
    22
  3936. This video scared the hell out of me. But extremely grateful for the insight!!
    22
  3937. Please keep in mind that the FEDERAL RESERVE Is NOT FEDERAL and does not have any RESERVES. Just sayin….. I truly believe that we are already in a recession and it’s going to get worse 😮. Be prepared not scared 😱. Thank you Michael for another awesome video. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    22
  3938. They are cheap for a reason. Usually it’s in the middle of nowhere or high crime area.
    22
  3939. Great Video, Michael !!.....Everyone is different, but....there is one thing , I think everyone can agree on.....FREEDOM !....It is such a Pleasure to wake-up and do whatever the heck you want !...Army basic training taught me that " Attitude is Everything " , well it's 50 + years later....Boy, I'm glad I learned that lesson at 18......Bottomline: The less you "need" , the more Secure you are..and the "little" things in Life have Great Meaning !.....Hope this Helps.......Take care and Godspeed....
    22
  3940. People will be crying in January. I’ll bet that returns from Christmas will be through the roof too😮🤔 Credit Cards / Bills will be everyone’s worst enemy 😢
    22
  3941. The only other time in American history when there were this many homeless was during the Great Depression in the 1930's.
    22
  3942. I’m 61 plan on working in summer w heavy equipment but 4 days a week. I got aches pains but work out and plan on this till I drop I’m going down swinging brotha!
    22
  3943. Did you hear that the higher your credit score is the higher your interest rate will be, and the lower you credit score, the lower your interest rate😳
    22
  3944. News this week is that Social Security COLA for 2025 will be 2.5 percent. This is a joke.
    22
  3945. Don’t build a home in a river valley or flood plain.
    22
  3946. The government hired many tax experts with PhD and some Master in Math, and their job of 8-10 hrs a day is to find way to tax you until you drop dead. For the increasing in minimum wage, if your wage/salary just hit the brackets and you pay new tax on that bracket. Just be careful of what you wish for. In California, the minimum wage is now $16/hr; therefore in near future, many fast food restaurants will use robots for 24/7 services like flipping burgers as an example. The restaurants then pay service fees for technicians to fix/repair robots and are still cheaper than to pay minimum wages with insurance package. Plus robots don't sue you or go on strike.
    22
  3947. In Japan you must be a Japanese citizen to buy property there. That has been that way for years.
    22
  3948. It's been a long time since hurricane Andrew. I'd say south Florida is long overdue.
    22
  3949. "Tourists if you come here, make sure you treat the beach right" A-effin-men!
    22
  3950. Be realistic!! I knew I couldn’t afford Seattle or Bellevue. I moved to Kentucky and I was able to buy a darling house. Totally 💯 affordable and completely sufficient for my wants and needs. Think outside the box folks and don’t be so dang picky. Affordable shelter is a blessing!!!!!!
    22
  3951. Thank you to our host for this walk-around outdoor presentation. Always appreciate your research and graphics and narrative
    22
  3952. My plan is to sell my starter home that is outright paid, no loans and finally buy something nice when I could retire. I will never take another mortgage again. I would never wish the pressure and stress of paying off a twenty year loan. Did it once and never again. Although everyone's financial situation is different. I never had guaranteed passive income. I had a job and started with nothing. Goodluck everyone.
    22
  3953. '24 Election, or '24 Seeelection ? 🙄
    22
  3954. People are spending left and right. Economy’s doing great! Full carts at Costco 700.00, 1,000.00 on a teenager’s birthday party, 4,000.00 on legos, and 30,000 on a UTV. Where’s the problem?
    22
  3955. I call Wells Fargo about once a month to dispute a fee of some sort. I know they’re tired of me arguing them, and I’m tired of being Nickled and Dimed for NOT swiping my card enough.
    22
  3956. Michael, a trust fund doesn't much matter when you have good looks! As a Marketing major, we learned that image is everything. This is especially true in your line of business. Many are not aware that good looks ranks right up there with genius. I learned firsthand by watching how teachers and many others reacted to my mother's beauty. The doors of opportunity will open up for you.
    22
  3957. Also, i saw that DC mayor just announced a state of emergency because of the thousands of people they can’t house. I just moved out of DC a month ago because 1) it’s become a unsafe and b) i don’t see the city getting better any time soon. Great video!
    22
  3958. My friend just asked me if I’m listening to “THE GRIM REALTOR” again…I don’t care….I like your advice and warnings! 👍🏽👍🏽🤓
    22
  3959. Thank you for posting, Michael. It is a very sad situation for the elderly in Florida right now owning condos. You were spot on. Best, Angela
    22
  3960. Michael just wanted to say I love watching your videos. You speak the truth and from someone on both sides of real estate, I think the problems are about to explode.. I lived in Miami Beach for 20 years and was a pretty successful real estate agent and I left and moved out of the country 8 years ago. I haven't looked back once. I have a feeling that things are about to get 10x worse in the US. Keep up the great work. .
    22
  3961. Most people base their assessment of home affordability on the monthly payment. This has an effect on what people are able to offer. The monthly payment difference from 3% to 6% on a median priced home is over $700 a month difference in mortgage payment, that's around a 30% increase. Of course prices will drop if interest rates go up 3% when most homes are purcased on mortgage. It's just common sense.
    22
  3962.  @MichaelBordenaro  I lived in California for 18 years.. and all I can say.. Florida 💯 for the clean air, clean ocean, and best water quality. There is nothing more important than a healthy life!.. plus no taxes!!. 🤩..
    22
  3963. wow, i just changed my mind, im not moving to florida, great Content!!!!
    22
  3964. I am old but I can still remember how Florida would deal with this problem. They would pick these people up on a vagrants charge ,give them the option of jail or a bus ticket to NEW YORK CITY with a information packet on where to go to apply for WELFARE, PROBLEM SOLVED BACK THEN.
    22
  3965. I retired in my late 50s. Took Social Security at 62. Glad I did. While I am healthy in my latter 60s, it took me 4 tries yesterday to tear off a piece of Gorilla duct tape!
    22
  3966. Thank you for all your videos, doing a great service!
    22
  3967. Really solid advice here about buying a condo. Get the minutes, check the reserves, pay for your own inspections, visit the building at all times during the day/night, check for any criminals in the building, etc.
    22
  3968. Tampa Bay Area insurance going up like mad. The stories I’m hearing 😮
    22
  3969. The federal government and government contractors are currently scooping up many of these Silicon Valley employees that were laid off. Pay may not be the same but work/life balance, job security, and remote work options is a huge, huge plus. These same employees can get their side hustle on and make even more money.
    22
  3970. A very similar situation is taking place here in France. We must carry out certain repairs/insulation work to comply with new government regulations. We have been offered a nearly 0% 25 year loan. If the work is not done firstly we will not be able to rent the flat and then eventually we will not even be able to sell it. We effectively have no choice.
    22
  3971. Thank you to our host for this outdoor segment during this busy holiday week. Always learn a lot
    22
  3972. Not to sound mean, but all those 147,000 houses that aren't being paid on need to go to foreclosure ASAP and increase the overall inventory so that these fake home prices finally drop back down to reality.
    22
  3973. If you use a HELOC to pay off other balances and, "get yourself out of debt" you may, in fact, be getting yourself out of debt. More quickly, anyway, assuming responsible spending behavior. The problem is that most (more like "nearly all") people don't stop using revolving credit after paying it off. They just find themselves with a nice, fat HELOC balance AND revolving balances accrued not long after using the HELOC to pay them off.
    22
  3974. People are coming here because we’re patriots and love our freedoms
    22
  3975. Finally someone is speaking the truth about insurance its all a scam from home insurance to medical insurance. Pay your house off as soon as possible and place that money in a savings with high return rate.
    22
  3976. I live in central Florida for 5 years now and have seen properties in crappy neighborhoods jump in value like 50 to 70%, I agree that doesn't make sense.
    22
  3977. Another thing you have to worry about since housing became financialized, is who do you sell your house to? I for one, do not want to sell to a Speculator, Investor or Air-BNB type buyer. I want my house to go to a good family that needs a good home. Speculators buying houses and condos and letting them sit empty has become a big problem in Canada. How can I possibly know this won't happen to my house?
    22
  3978. Everything in "The Villages" is connected by golf cart roads and bridges that are golf cart ONLY. If it's in "The Villages" we can get there in our golf cart! It's awesome we love it :-)
    22
  3979. I was in Wendy last summer. We ordered the 5 dollars buger deal. The buger were smaller . Plus the beef patie was so thin.Then the French fries were very small to. My self I would not go back to any fast food restaurants. You can get better food elsewhere
    22
  3980. Those inflation stats are total BS. They dicker arount with the typical formula used for that calculation. Groceries have doubled in cost. So, their crooked math is way off.😢
    22
  3981. In my area almost nothing is priced below 500k
    22
  3982. Government is the root of all our problems
    22
  3983. Someone needs to tell the government, the Central Bank and Wall Street that you can't force an economy to grow.
    22
  3984. Thank you for all of the Tampa exceptions you put in there! Definitely different than the rest of the west coast. Loved the video!
    22
  3985. I agree. I'd rather keep my stocks in retirement than overpay for a house. The stock market will likely be up 3 years from now. While housing will probably cost the same or maybe less as they overbid so much. That buyer should have just waited a few years while they saved more. They are gonna owe family a ton when they eventually need to pay them back. =( Buying the beat up cheap house is less risk tho. Can live in it as you slowly fix up one room at a time so you don't spent a lot all at once.
    22
  3986. They should banned institutional investors from buying houses off the market!!! It kills everything
    22
  3987. Eventually the mortgage companies are going to have to get involved and force these insurance companies to cover the damages. The mortgage companies are requiring the insurance. If people can’t pay to fix the house, they walk away and leave it to the bank destroyed. Then they have a destroyed asset they can’t sell. Seems like the banks need to intervene.
    22
  3988. Nothing like working from home. Less traffic, less chance of being at risk of anything happening. Choosing to leave your home with that option is sus
    22
  3989. I have no remorse for not buying a house last year. Sorry, I have never had FOMO and probably never will. I have never over paid the asking price and never will. One thing in my short life that I have noticed is, things always change. Just as quick as houses went up houses will fall...once unemployment goes up. I predict 6% unemployment will crash the market. And I might be one who loses my job.
    22
  3990. Watching from New Zealand find all this interesting
    22
  3991. If they keep raising interest rates up and up, there will be a lot less buyers at even discounted prices and the prices will have to come down even more. I think that is what they want and why they are raising interest rates up and up and will keep raising rates.
    22
  3992. NEVER put yourself in a debt that you can't pay off yourself, regardless of married or not. No one can predict human behavior.
    22
  3993. While the environment certainly favors decline in housing prices for awhile, I still have a hunch we could see more high inflation and currency debasement longer term. It concerns me and I’m trying to figure out how to position myself skills wise to improve long term prospects but the outlook for us is grim from multiple angles
    22
  3994. Don't to sound negative but I'm feeling this Thanksgiving and Christmas holidays may be the last of their kind. Between social upheaval and the economy, people are cutting back now and I would imagine if this trend continues next year could be very bad. So make the most of what you can now - I'm not talking about going overboard with the material aspects of spending lots of money on gifts - I'm talking about sharing the memories and sense of closeness with those you love - Instead of one person trying to put on a big fancy dinner - Everyone bring a special dish - Instead of store bought gifts, some handmade and from the heart means so much more - Not crafty? Perhaps offering to help an older friend or family member with yard or house work. Bottom line - If you are blessed to have people you love and who love you, hold them close. They won't need fancy or expensive things to know you cherish them!
    22
  3995. Not joking. I'm patiently waiting for interest rates to hit 10% so I can buy a house.
    22
  3996. So I work for a university complex in Indiana. We were SUPPOSED to get a remodel to "justifying" them raise the rates by about $300. Only is in past couple of weeks have said everything is "on hold" because of the lack of money. I found it very funny that their panicking NOW and everything is a cluster mess.
    22
  3997. I’m an IT worker. My last employer in The dfw metroplex made my team of 4 people go in with vp approval on a daily basis. I quit the place and started remote work a year ago. The genie is out of the bottle. My current employer has regional offices from Georgia to New Mexico. They embraced the remote work model since cv19. Being a consulting company, there is no need for us to come in. I work from my ABQ home for a company located in Kentucky. These big corporations can try to for people back in. Those jobs won’t fill. Why? Commuting sucks. Ill walk to a burger joint before I deal with that hell again.
    22
  3998. Michael, you're a genius because you know how to communicate the information.
    22
  3999. Home ownership is not for a lazy person. A lot of the new generation didn't grow up in traditional homes like myself and didn't have an example of how to maintain a home. I have never lived in an apartment. I bought a nice starter home when I finished college. It was a good move.
    22
  4000. People need to unite and say NO
    22
  4001. Your content is solid and straightforward..thankyou for your effort.. I enjoy your outlook👍
    22
  4002. We were looking at houses last Jan-March and it was peak fomo. Everyone was rushing in simultaneously. I felt this sense of deja vu, and then I remembered when I felt this before. It was around 2007. This feeling was everywhere that you had to buy at any price because soon the housing market would become too unaffordable for you ever to get in. I remembered that exact feeling. And it also reminded me that, if you can’t afford it, then that means the entire class of buyers in your position can’t either. And if you’re actually in decent financial shape, that means, sooner or later, the market is going to run out of buyers. So, we didn’t buy. Now J. Powell is doing his darnedest to make sure housing prices go down, which is pretty nice.
    22
  4003. You and Nick teaming up was a blast. Both of you have a very data driven cold perspective. Love it.
    22
  4004. Please god let there be an apartment in my price range a year from now...lol...
    22
  4005. I would move to Sarasota in a heart beat especially to Lido Key. So go on 'Go fund me to Sarasota' Love from Scotland
    22
  4006. “Sometimes I wonder if the world is being run by smart people who are putting us on or by imbeciles who really mean it.” ― Mark Twain
    22
  4007. I live in Tampa. We are usually protected from the hurricanes.
    22
  4008. Home interest rates will need to double to correct the market. I remember my parents paying near 20% back in the early 80’s.
    22
  4009. Benny from Fallout NV: "Truth is, the game was rigged from the start" The subway thats in my local walmart has maybe 1-2 people at lunch time for morning shift. 5 years ago it was packed around 11am
    22
  4010. 17:00 YESSS!!!! We need moratoriums on foreign investors. We need it because we are “under supplied”, right?!
    22
  4011. I like how they say recovery mode......prices could go down by 35% and we'd still be massively overvalued in most places lol.....
    22
  4012. Foreclosed houses always have problems. People often trash the house when it forecloses. You’re going to need the money to fix it up.
    22
  4013. even with incentive, as long as the price of the house is high, it's still not a good deal.
    22
  4014. I agree, It's irresponsible and not financially sound thinking that you can refinance. I'm very cheap lol , I actually think about these things. the last thing you want is to not only be house poor but you have to think about the "What if's". Im getting a USDA Direct loan, luckily at a locked rate. I have no plan to refinance in the future and plan to buy well under my approved amount. I actually think about the future. I'm still very cautious and waiting until the late fall winter and maybe even next spring. Im in no rush.
    22
  4015. Michael, I really appreciate all the information you give us daily. It helps with current and future decision-making. Thank you!!
    22
  4016. My father was a real estate broker and he always said go to potential neighborhoods on Friday or Saturday nights to find out if it’s a loud party neighborhood.
    22
  4017. This all comes back to personal debt. Just don’t get into credit cards and personal loans and you will weather these times
    22
  4018. This video touches gold and people have no idea what you just did here. Condos are risky in general but this example makes them more risky. HOA prices will soon be as high as a single family home mortgage.
    22
  4019. What's amazing is how "long" this has been a sellers market. Not just how much the prices went up. It's like 10 years now. Trouble is I don't know if these interest rates are high enough to push the prices down. Might need to be 8% plus.
    22
  4020. At this point in time most people are realizing that the progranda by realtors, loan officers, zillow and redfin and its CEO's is more detrimental than a person having head louse. These real estate people are on borrowed time and better get their resumes ready because this crash is going to be over a period of years and there will be no magic pivot in 2023.
    22
  4021. I think in this video you nailed the issue of student debt. There has been many videos and stories of how predatory the student loan companies are. Many times people discover that no matter what they pay into their student loan was never applied to principal, just interest.
    22
  4022. Anyone else here just wish things would get better? :( I really hope 2024 will be a better year.
    22
  4023. This is another thing, that I think people don't consider. Also the estimates for property tax and insurance that those online mortgage calculators put in are far too low. I don't know where they are getting their estimates in, but even if you put in the location or zip code they are making the total price look way more affordable than it will actually be.
    22
  4024. The entire system is designed to get you into more house. Every realtor I had showed me homes that were above my budget "because we can negotiate that price downward." BS. Also, I hate the realtors who say, "Why make your landlord's payment when you can own yourself." Because many renters don't understand the extra costs associated with owning: improvements, repairs, maintenance, taxes, insurance etc.etc. I hate government involvement but I really think there should be a national formula applied to home loans and your income, budget and savings are heavily scrutinized so as to keep people from buying what they can't afford and keeping the payment below 25% of your take home pay.
    22
  4025. Michael My husband and I are in our mid 60’s. Debt free. He is a Residential Contractor and I am a Realtor. Our house is 1,800 sq ft. In the county. Everything keeps going up. I’m not sure what people will do. Families may have to start living under the Same Roof to Survive.
    22
  4026. I put one of my rentals up for sale by owner on Zillow and I received 300 agent calls to list my property. There is no doubt they are VERY DESPERATE.
    22
  4027. Yep! Florida and Texas = FREEDOM🙌🏼
    22
  4028. It cracks me up how wasteful people are nowadays. I have several neighbors that pay for a trash barrel cleaning service once a week after their trash s picked up. I just use a hose 😂 it’s nucking futs my man. That’s only one example of absurd services people are still paying for. I mow my own lawn too 😂
    22
  4029. Insurance takes risk, therefore costs money…Costs even more when you live at the epicenter of hurricanes. Get out of Florida while you can.
    22
  4030. Things may look great on paper. However, reality is far different. Perhaps it's because I was raised poor. I'd rather keep seeing my value/net worth increase on paper. I will also keep spending low so I can see my liquidity grow as well. Regardless of what's on paper, what my bank account shows is my actual net worth as far as I am concerned. I have officially saved up almost $15k and am not spending it. I am saving it and now working on my next step: emergency savings and growing cash in a CD.
    22
  4031. In 20 years I’ve been in my house. My taxes have doubled and insurance has tripled.
    22
  4032. I believe one thing that separates CA from FL, is the career opportunities. People come to CA to start their careers and go to FL when they're finish.
    22
  4033. Wife and I KNOW we could sell for almost x1.75 of what we bought it for in 2017 (North of Seattle, WA) but can't afford to buy the equivalent!!!! So we're just restoring our 1938 home and staying put.
    22
  4034. Greed is disgusting
    22
  4035. Fun fact, Michael: because I--correctly--estimated that I was unlikely to encounter a rattlesnake near where I live, I acted as if it couldn't happen. Guess what statistically-improbable event occurred one day?
    22
  4036. Hi Michael, please keep doing the videos the same way including the real estate pieces even if outrageous . If possible, try to walk a mid end and lower end family oriented and decently safe neighborhoods at some point to show some real estate price contrasts in Miami. Thank you for your thoughtful videos.
    22
  4037. Why should the landlord be forced to pay when the tenants get to live in the property but not pay? The city should eat the cost not the landlord because the government created the problem not the landlord
    22
  4038. I used RedFin app (free) to look for home. However, I always looked at list/sold prices from 2019 and earlier to know the right values. The list/sold prices from 2020 to 2022 are ridiculously over value, mostly double. You need to wait a little longer until the housing market to drop down to 2019 range.
    22
  4039. Another great and informative video,. I'm going to be coming down next winter to check out some areas to move to in the next year or so. These videos definitely help out and definitely would like to see more like these.
    22
  4040. Sounds like a wealth distribution scheme to me
    22
  4041. if i could work from home... i would have 7 jobs
    22
  4042. Great content once again Michael. For the many of you that are negative about these million dollar yachts just remember they employ many people. Some people will always have money and those same people will employ ordinary people like you and me.
    22
  4043. Insane to spend that much for a wedding
    22
  4044. I wish I could be involved in one of these studies. They would find out that when I work from home I do the absolute minimum amount of work possible. When I'm in the office I attempt to do the least amount of work possible. They underestimate my ability to be active and not accomplish anything!
    22
  4045. Man it’s so frustrating to see people buying homes they can’t afford. Get it together!
    22
  4046. The new roof age restrictions can be a real issue. When I was buying my current home in 2021, the insurance initially refused to cover it. It is a 17 year old home but it has a lifetime tile roof. I had to get a special inspection with a report saying even though the roof is over 10 years old, it still has at least another 10 years of life in it, which it obviously does. If it wasn’t a tile roof, I would’ve needed to replace it to get insurance which is insane.
    22
  4047. for sure, if you're young, renting is great. in my 20's i moved to a different apartment every year just for the change of scenery. however, what you want in your 20's is wildly different from what you want in your 30's, 40's, 50's, etc... people who think they will want the same thing forever are immature and are in for a major wake up call later in life.
    21
  4048. I guarantee if you live in San Diego and make $100k you’re living pay check to paycheck. You need to make $300k just to buy a single family home here and your rent is going to be at least $4k a month
    21
  4049. I just told my landlord I’m moving out at lease end and they listed the apartment for 40% higher than what I rented it for 1 year ago.
    21
  4050. I was called a conspiracy theorist for saying. Buyers remorse would kick in a year or two after FOMO home purchases. I did a search for homes brought five years ago. I wasn't shocked to see. How many of those homeowners have already filed bankruptcy?
    21
  4051. The only way it's going to get better is if people learn to live within their means. For most people, that means cutting their lifestyle to HALF what it is now. Americans need to stop pretending to be far more affluent than they are. The USA is no longer a first world country. Luxuries we can't afford, such as running water and paved roads will have to end, sooner or later.
    21
  4052. Economists are claiming $2.6 trillion socked away in savings. They're both right and wrong. There is $2.6 trillion socked away, but those savings are heavily concentrated in the top 10% of income earners. That's why we have a nation where 61% of Americans can't cover a $1000 emergency but there's trillions in savings laying around. That's why this recession will be very good for the top 10%: they can buy up even more assets at rock bottom prices and then hold until the prices rise again. Income inequality got much worse after the last big recession (2008-2011) and will get even worse after this one. Most of the trillions of new money minted for "COVID relief" in fact went to the top 10%, who are the only people who matter in our politics. People who aren't in the top 10% who think this recession will benefit them are wrong. 90% of us are going to get hurt, and the poorer you are right now, the more you'll be damaged.
    21
  4053. Never nasty fast food for me, they can all close for all care. I go to a sit down style Mexican restaurant 2-3 times a week. The waitresses that work there are like family to me, my good buddies that I tip very well, not hard on the eyes either.
    21
  4054. It really is mind blowing how much of a bubble the Fed inflated at this time. tech stocks are in a bubble yet again although layoffs are increasing. Over a decade of negative real rates has trained everyone to be insane.
    21
  4055. The Florida beaches are the greatest in North America. The gulf of Mexico beaches are my favorite.
    21
  4056. Another great video! I definitely agree with you that mid sized cities are the best. I want to be near fun things to do and conveniences without all the hustle and traffic. I LOVE St. Pete and it was high on our list to relocate to but we are being priced out now.
    21
  4057. My mom says that this kind of thing happened around 3 or 4 times in her lifetime. She is 72 years old. Housing or economy "crashing" My mom told me, back in 1981, the interest rate was 14% for housing! But of course, housing was dirt cheap to buy compared to today. And of course, the wages was crap too then compared to today
    21
  4058. I follow this subject very closely. The new laws and new inspections and reserves requirements. Then, the huge increases in building insurance premiums
    21
  4059. To me the most important item is COST OF LIVING and cost of housing/renting -- that makes or breaks a decision when you have a limited budget. All else falls into place, most places are basically the same (same grocery stores, hospitals, etc.)
    21
  4060. Thank you for the information I just called the realtor and CANCELED buying a house in Florida I didn't know about the hair
    21
  4061. Here in N CA live in a $700K Neighborhood. The homes were around $500K pre-Covid. Two new listings this week $100K below at $599K. Sucks if you bought in the last 12 months because we are going right back to $500K what these are actually worth!! 😆
    21
  4062. Idc if the interest rates come down. I for one will not be buying unless I make a 6 figure salary. Homes are too damn inflated
    21
  4063. Aside of the horrible tragedy of lost of life, there are other things I have thought of. As a retired RE Appraiser I have these thoughts: this is a market nightmare, many families of these unit owners are going to have a mortgage payment still due on July 1st, will there be only cash sales in the future(?), and as you mentioned the special assessments that folks are going to have to bear due to this. I live in a 50 year old condo and I am on the board. We do have construction upkeep work performed on an on going basis and it is not cheap. Michael, per your past posts, this may just give you the push to move. Best to everyone.
    21
  4064. Michael, thanks again for keeping us informed and for doing the research. Much appreciated.. Make Real Estate Great Again! ✊🏿👍🏿🇺🇸
    21
  4065. 90K for Free!!! It just sounds too good to be true 😅
    21
  4066. I’m from “back then” and here’s what WE WERE NOT DOING: eating out, using credit cards (paid cash for gas, checks at grocery store), having debt (other than house payment and car payment, most of us rented and drove used cars), buying big toys, extravagant travel and vacations (we went to family reunions for vacations, usually in our cars), tons of clothes and shoes/jewelry. We were not in debt, we lived within our means, had a job or two, had a savings account, and we were happy. I maintain that ppl’s spending habits, not living on a budget and life choices are main factors for todays financial woes.
    21
  4067. Don't forget if the seller has a mortgage they can't sell the house below what they mortgaged it for. Will probably be forced into foreclosure. Could be a bargain in a year or so.🙄
    21
  4068. 721K, what a deal 😂, they were trying to sell a house under 2000 sq ft with no lot for 500K lol, thing should be 250 and it’s been reduced to 390
    21
  4069. Our gas prices are so high out here in California…almost $5.00 a gallon!
    21
  4070. I've been in the Phoenix area since 2011 and then practically every listing was a short sale. With everything that happened here before I kept thinking it wouldn't happen again but here we are. Although from what I've seen in the past year or so the majority of houses were bought way over asking with cash by investors or people from CA so there shouldn't be the same foreclosure problem, at least not as bad as before.
    21
  4071. Hi Michael Just a note as a defensive loan officer. That isn’t the lender. Once the deal has closed the loan is now a mortgage backed security and managed by a servicing company to make sure the loan remains compliant. The “lender” is more than likely no longer involved in any aspect and the servicing company has to make sure it’s properly insured. Any homeowner can find their own insurance and even if they’ve been placed into the insurance that the servicing company placed them in if they get their own insurance the servicing company will often rebate back anything they were charged over that amount. Typically the homeowners have received notification. The servicing company should be able to document the notifications about the changes. Sometimes people don’t see the mail or think the message on their phone is a scam.
    21
  4072. 700k price increase in one year??? Gtfo... This is completely unsustainable. Playing a game of hot potato with homes.
    21
  4073. Yes, it's like your reading our minds. We want to start over. My husband worked his way up in his job. He makes good money now but dreaming of starting over in a warmer climate. From P.A. It's so hard to just give it all up. Praying on it.
    21
  4074. These two things can happen at the same time. Interest rates go down next year and foreign buyers and domestic investors swoop in to buy more houses.
    21
  4075. please keep showing the real estate taxes and sales history. Thanks!
    21
  4076. These home prices are ridicules.
    21
  4077. Thanks, Michael! A heads-up, in case you missed it. The House Speaker was visiting the Texas border. He said that the only way to fix the border is to shutdown the Federal government so the States can fix it. I believe that comes up for a vote very soon. Hoping that you can get ahead of the news.
    21
  4078. I keep track of foreclosures in Naples FL. The last 2 weeks I have gotten alerts for 760 and 840 homes in foreclosure. Prior to that it was 1 or 2. I had to do a double take 😮
    21
  4079. But many jobs aren't really depending on the office space. Technical support over the phone for example, many of the office type work like correspondence, payroll, even HR, many of the creative work, some research positions, reviewers, writers, composers... I work in computer graphics and we've delivered many shows in the past 4 years, I see no problem at all in working from home. There is one downside honestly, that is new people who don't have the appropriate training to adopt company practices, so they often brake protocols and thus perform a bit lower, but they can mandate office hours in the first months of employment, or something like that. Realistically I don't see the need for all work to be in the office, it never made sense to me even before the lockdowns.
    21
  4080. People are dumb. Open door for years has sent me offers that were 20 to 25% under market . Why would I sell my house for $225k when a realtor can get me $350k minus commission
    21
  4081. Whenever I hear about sink holes, I always think about that guy who was killed when a sink hole opened up just under his bedroom in the middle of the night! Tampa was my #1 destination but you have changed my mind! Now I'm thinking Pensacola, Jacksonville, or maybe even St Augustine. Great video though. Thanks Michael!
    21
  4082. Unless you’re renting out your property, owning a home is a nuisance. Houses are a depreciating asset unless you have the capital to keep it up. Also, over-paying for a rental for a year is different than being trapped in a 30-year mortgage. You’re paying 3x the amount of the purchase price in interest to “own” just make sure you can always pay your property tax or else you won’t be owning anymore.
    21
  4083. I, as well as my circle of friends, have been living frugally for the last 10 years, while everyone else was riding high and spending their wads on junk with nothing to show for it now. Now, my friends and I all own our homes (we're in our early 50's), have no debt and enjoy spending money when it delivers a worthwhile experience such as a live performance, a five star dinner, or a trip. And we pay cash.
    21
  4084. 9:17 I agree with him, I think we won't see anything similar to 2008-09 in the residential marketplace. It will be a lot worse, including a collapse of the commercial real estate market.
    21
  4085. I've always had my eyes on two states, Texas and Florida. Texas because the tech companies are migrating there (Computer Science major) and Florida.. well because it's nice there and my field is transferring over to remotely so now I don't really have to worry about moving to whatever state.
    21
  4086. Hands up the number of debt-free people. 👍
    21
  4087. If the Fed pivots in December that’s a terrible sign for the US economy.
    21
  4088. The investors don’t care about whether or not they can rent. They have more money scattered everywhere. Theyreally aren’t worried about their nickles and dimes given their obscene wealth. Maybe immigration issues come into it.
    21
  4089. I agree with you 100%. There should some type of limit, cap or temporary suspension on corporations buying up real estate. The system is way out of balance right now and needs to be redirected.
    21
  4090. The car Insurance is the highest in the nation
    21
  4091. I love the steel bars on the windows and a two million plus sale price. Gee I want to buy in a neighborhood where you have to have security grates on the windows.
    21
  4092. I rent out a condo and it's mostly a charity, LOL. The HOA fees are sky high, but chefs are in it that could not afford to live in the area otherwise, so I keep the rent at the bottom of the market since life has been good to us. No need to squeeze blood from a stone. But any financial person would call me a moron for not selling it. But I like to contribute to the community in a sense and over time it's appreciated a lot anyway.
    21
  4093. I heard last year that insurance companies were in big trouble. They operate like banks do. They invest their money, and now the interest rates have them underwater also. If that information is correct, we will see the insurance companies fold just like the banks.
    21
  4094. My Kia soul is 12 next month, 115k miles, I’m hoping to drive it to my first ss check, need it to last a few more years. I grew up with a dad who NEVER owned a new car. I’m fortunate cause I’m married to an auto tech, so my maintenance and repairs are “free”. Enjoy your road trip. 😊
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  4095. How many of those high rise condos in Florida are in similar condition to the one that collapsed killing all those people? Florida is infamous for using shoddy cheap materials in their construction so the builder and developer can pocket even more.
    21
  4096. My very favorite 2 channels combined into one. And I didn't have to pay a dime for all the great advice. The new year has really started well. One thing I do have to add for short sales is, you have to default on your mortgage to get the process started. And the banks will not start doing short sales till they are over loaded with foreclosures.Thanks guys!
    21
  4097. We just got back last week from spending 7 days in Ft Myers beach, Sanibel Island & Key West. It was so much fun & very different from the Panhandle where we go annually. I fell in love with SW FL because of all the water, many different types of palm trees & so much more to do. It was a packed 7 days to see all we wanted to see. I want to go back!
    21
  4098. I'm no longer in a rush to buy. Basically agree w/ you that the insane 40% gains every year or whatever are over. There is no longer a panic to buy. Just shoveling cash away and will buy in all cash eventually.
    21
  4099. I love living in Florida. My life before Florida was to focus on how the snow was going to be managed from November through many times, Mid May. I am a Realtor in Central Florida close to The Villages Florida and close towns. Being so central in the State is a win for my lifestyle as the beach on the Gulf Coast is less than an hours drive to Crystal River. Living on the beach is great for many but I find a lot of folks get there and say, OK, we walked the Beach every day this week. Now what? The community that I live in has so many events going on daily, weekly and monthly that if you tried to do one new thing a day, it would take you 10 years to get close to do them all. The host has named a lot of my favorite places as well. Life is good, time for everyone to start enjoying it. Speak to experienced people that have your interests at heart, I think the host of this video has your back.
    21
  4100. You’re so lucky you didn’t break something! Glad you’re ok. Rents are definitely on the rise. I finally reached the top of the waitlist for an apartment in Navarre, but the price increase forced me to decline. Now I’m waitlisted for a smaller unit and hoping those don’t go up as drastically as well.
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  4101. Crash, crash, crash. Please. The amount of greed is unforgivable. Lenders and a lot of realtors will feel the pain the most when the market corrects. What’s really going to hurt is all of these sellers waiting for that new home to be built. If they still have 6-9 months before closing, those sales are going to fall through. Sound familiar? 2006’.
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  4102. That condo built in 1964, concrete structure, it's now uninhabitable, and it's only 58 y/o. My 3-story childhood home, in New England, was built in 1900, all wood, with a dirt basement and a foundation built out of stone sourced on site. Still standing, looks great, and recently sold for $600K.
    21
  4103. I would rather pay high interest which goes away if I have to sell the house than buy I double priced house that I can't pass on to next buyer. Plus, I would like to have more choices and even negotiate when possible, have inspections back finally for God's sake! Not to mention, high interest and high property tax also gentrifies neighborhoods and keeps certain group of people out of the neighborhood, which in return raises overall attractiveness/values to the houses you purchase and the neighborhood you purchase into!
    21
  4104. better to lock in a low price than a low rate
    21
  4105. With that camera ticket in California… how was he fined without due process? Also, they identify the car, but not the driver. They can’t assume who was driving the car, they have to prove it. The “ticket” is actually a fine imposed by the State… read the book “1984” to get an idea what is going on.
    21
  4106. The biggest problem that Realtors face is prospective buyer's and seller's Idiot Friends who think they know real estate and real estate law. I've been a realtor 25 years, and even my brother thought he could buy a home without a realtor. He had an issue with a neighbor with his dock, his so-called friend seller told him everything was just fine and dandy, but after he closed nothing could have been further from the truth. Litigation cost him about $100,000 and he lost the case. If he had listened to me, he would have had the issue resolved before closing. Moron.
    21
  4107. More homes are coming on the market in my area and there are price reductions, but the quality of the homes offered for sale are substandard. The prices are too high to buy them as a fixer-upper.
    21
  4108. I didn't receive any financial support from my parents after I turned 18 n I'm a gen x'er. Tell those kids to get a second job or a job period.
    21
  4109. Landlording will need to be done on ever larger scale to make it profitable in most areas. Expenses along with problem tenants will keep growing upward.
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  4110. Got my property tax bill today. We were paying about $3600 5 years ago. Now we're up to $4600. Edit: I know my taxes aren't high in comparison to most people. Just wanted to mention what I've seen in terms of tax increase where I live
    21
  4111. I wish the Government would grow a pair and tell people buckle up it's time to tighten your belt. It wil never happen.
    21
  4112. "Build Back Better" in ACTION!
    21
  4113. Ugh! Isn't it illegal for them to lie? But it happens every second across the USA with unethical realtors.
    21
  4114. In 2014, I bought my 1963 Southwest Florida 900 square foot home for $48,000. Now it would sell for over twice that even though it still needs renovations. My property taxes doubled since 2014. I sincerely hope in a few years the housing market becomes affordable again.
    21
  4115. "American dream?" Back in the old days. Now, they assessment fee people into poverty. HOA. Special Assessment. Property tax. Property insurance. I mean, there is much more than interest rate and mortgage loan. Whew! 😟 But, Morning Joe will never talk about the economy or inflation. Nice view of the golf course, Michael. I'm looking forward to seeing, "The Masters" on TV. ⛳ I am a huge golf fan. Thanks for the video, Michael.
    21
  4116. I’ve spent time in California and in Florida, I prefer Florida climate, and gulf coast beaches, much more tropical.
    21
  4117. The rent on 3404 Garden Avenue is down to $15,500. They must be watching your videos and finally got the memo.
    21
  4118. I can understand why many cities, not just NY are placing restrictions on short term vacay rentals. It's gotten out of control in many places. How would you feel if your lovely family neighborhood suddenly became overrun with vacay rentals - transient strangers constantly in & out of the houses that surround where your children live, play, walk to the bus stop, etc. Many communities & families are fighting it, trying to take their neighborhoods back. Not much of a neighborhood anymore when wealthy investors have bought up half the houses!. In Jacksonville a friend's landlord owned many rental homes. He turned them All into Airbnb's & kicked all his tenants out, which was awful for them. Vacay rentals are fine but they need to be managed so they don't impact neighborhoods negatively. Great video, as always, thanks!
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  4119. 82 percent of all new construction are in planned communities.. very difficult finding stand alone homes..Thanks Michael for your hard work
    21
  4120. I pay about $485 for car insurance for the year. Two Toyotas, one 21 years old with 283,000 miles the other that is 19 years old with 95,000 miles. Stay away from horsepower and luxury brands and your insurance costs can be cut down by 2/3rds. That also includes avoiding Camaros.
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  4121. I had been planning to buy a house. I'm 100% ready but just can't bring myself to pay $100k+ more for a house than it was 2 years ago..I can't do it. Unless I win lotto and have more money than I can ever spend, I can't imagine being so wasteful! Even if I can afford the payment, I tried to imagine what I'd do if someone gave me $100k in cash today. That is (to me) life-changing money so I tried to use that to justify continuing to rent another year. My rent went up another 10% but I'd rather wait another year and see how things shake out. I really hope we can watch these corporate investors lose everything they have. They're so blinded by greed they can't see the irreparable damage they're doing to the country.
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  4122. This has been a nightmare to find housing and shelter. Going through a separation after 6 years. Having to use Airbnb right now because of the disgusting prices. When I moved to Phoenix in 2016 I rented a crappy 1 Br for $825/month. I looked at it a week ago, and it's listed at $1400/month now. Co-op housing is often demonized in America. But I think it's about to hit the mainstream when some of the more privileged understand the real world in this mess.
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  4123. This is happening to me and my team. We are due back into the office in April. We've had 4 people quit so far. Everyone else is looking, including me. We were promised we would stay remote. They are breaking that promise. They are going to lose alot of talent and knowledge. Dumb move on their part.
    21
  4124. Not only no work history, but what kind of social life is that to stay at home and not want more out of life?
    21
  4125. When I was in the market to buy our first home back in 2004 in S. Calif., we were getting out bid by other buyers. Whether that is true or not, I would never know. It seemed like every offer we put in, there was ALWAYS a higher offer from another buyer. My agent would suggest that I counter offer with a higher amount, until I said NO. I'm not playing the auction game. Then my original offer was accepted. At one time, we decided to put a low offer on a much higher priced home and my agent discouraged that move. She said it is an insult to the seller. I told her I didn't care. At the higher price, they're not getting offers so who says I can't offer at a much lower price? If they accept it, then great. She never put in our offer. This is when I learned of the game agents play. They're not in it for the interest of the buyer. It's only for their own interest first, then the seller.
    21
  4126. Mortgage companies also treat a building differently depending on the rental units vs owner occupied
    21
  4127. Most crime is committed by people who know each other.
    21
  4128. I couldn't really feel comfortable trusting an hoa with the structure of my residence, I just got done spending about 20k fixing rotten sheathing, studs and some old termite damage, that hurt especially considering I just bought the place however I know the repairs were done right and the house is structurally better than new because of it.
    21
  4129. I never get a tax return. Like maybe $100
    21
  4130. A “doom and gloom channel”…? I call it being realistic and having the information to call the shots in my own life, to prepare, and to make best use of the current state of things, whatever that situation may be.
    21
  4131. Michael,back in 1995 when I bought my house,$850.00 covered taxes,insurance and mortgage .I am glad today I rent.what a burden that was lifted off me.i am happier today😁🇺🇸
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  4132. i didnt know they were in florida too. they are buying up california like crazy driving prices through the roof
    21
  4133. This scam is precisely why we brought the old fashion "check" to the closing. We were given the option for wire transfer.....Sorry couldn't take the risk of our life savings disappearing! no one really gave us a hard time about bringing a check but they kept saying oh it's safe it's safe for the wire transfer. Everything went smoothly....no issues! 😉
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  4134. There should be legislation to create a tax on real estate to make it less profitable to these bigger corporations to invest in the single family home market. They should have less influence in single family homes. Give the corporations a cap that after X amount of SF homes that are owned by the organization that a SFH investment tax kicks in and helps meter the housing market from corporate entities monopolizing on houses the average American can buy. I know a free market is good but some regulation is need to prevent evil, we all are trying to live a good life.
    21
  4135. The extra cost of owning a home is still worth it me. I dont have to worry about rent increases and moving and more importantly I am building equity instead of paying rent which makes other people rich.
    21
  4136. I have a Kemper Auto policy in California, and my insurance doubled to $220. The reason given was due to "economic headwinds", the value of my 2013 Kia increased.
    21
  4137. 38 years ago I got my 1970 Camaro stuck on that beach and had to be pulled out by a jeep. What great memories that resurfaced.
    21
  4138. $40k for one month of rent! I've been living in The Philippines for six years since leaving Boca Raton. I live in Cebu, a large city, in a modern condo tower with a gym and a rooftop infinity pool. The condo I'm renting is a studio, and I've got parking space in the garage for my car and motorcycle. Okay, it's not a $3.7 million home in Miami, but... my rent plus parking is $540/month. Over the 72 months I've been here, that comes to a total of $38,880. Six years of renting, for less than the cost of one month renting that house Michael showed at the beginning of the video. Live small, my friends. And have money left over for travel and other life experiences.
    21
  4139. The news does not tell the truth which misleads and hurts us in the long run! Thanks Michael
    21
  4140. Michael, You're awesome, I'm learning a lot from your channel, thanks so much.
    21
  4141. If people were willing to save for an amazing down payment (say 30% to 50%), this wouldn't be the issue it has become. I don't make a ton of money, but I live well below my means and am about to pay off my house in under 4 years. I plan on renting this house (once its paid off and have 50% saved to put on the next) and buying another...then repeat. I am blessed to not live in an area with crazy rents or morgages (I can still find houses under 400K, 5 to 7 years to save 30% to 50%). Keep your head up people. Supply and demand will figure itself out.
    21
  4142. McDonald’s will never bring back the customers unless they bring back the dollar menu. 😂
    21
  4143. I owned a condo in Hawaii and just sold about a year ago. I'll never own a condo again! Between the HOAs and the board...not for me.
    21
  4144. Two words: Flood Insurance.
    21
  4145. I'm from San Diego and have visited Miami a few times, I really like watching your videos!
    21
  4146. unfortunately this is not new..for the last year or so, not only has the pricing gone up, but the actual amount you get has shrunk...and to add insult to injury...most manufacturers have kept the outside packaging the same!...sneaky AF
    21
  4147. Said it before,your channel is really good. Really interesting subjects and content and your stories that have a lot of meaning.
    21
  4148. As a data engineer, I see a lot of remote/hybrid work opportunities still. It really depends on the teams and the attitude of who’s in charge of that team. Here in Denver, labor market is still crazy tight, we can’t ever get fully staffed, even for jobs paying 85k+
    21
  4149. I’m also a Spanish speaking person but I’m 100% with you. We live in a America and English should be the primary language. I live in LA and all those things you said I agree. Ever since, California became governed by Democrats the state has gone down the wrong path.
    21
  4150. in the 2010's Utah, Louisiana, and Texas passed a law that gold and silver can be used as legal tender for all transactions.
    21
  4151. When citizens insurance goes out business for sale signs will be everywhere.
    21
  4152. I am 44 yrs old, and more than 5 yrs ago easy, I already had my retirement plan set to go. The plan was, and still is, .. to keep working. I have my job planned too, its one I have already had 10 yrs experience in, and I left that due to bordem and a need to learn other jobs. I then spent 10 yrs as a professional lobster fisherman, and that fell thru once our company sold our vessel and our license. So, now with 3 kids, single dad, i choose to work on land, buy very little, and live within my needs. One more payment on my atv , and four payments left on my credit debt.. then all i owe is my mortgage..
    21
  4153. I hate anything that takes up my time, effort, or money when I'm trying to relax. For that reason, a house is quite opposite of what I truly want
    21
  4154. Thanks Michael! Always appreciate your informative, sensible updates and affirmation. So such is tethered to employment remaining strong it's absolutely mortifying. We'll keep watching through our fingers.
    21
  4155. Michael, Its a horrible economy no matter how you slice and dice it. The only people not complaining about it or not noticing or saying how great it is are people that don't care and their personal finances aren't being affected. The lack of caring about others suffering because of this economy is another symptom of the decline of the U.S.
    21
  4156. Sending money to Ukraine and then back to politicians packets has consequences...
    21
  4157. Not only was the realtor and inspector scamming them, but also those buyers were foolish for allowing this crap. I would never think of buying anything that I could not check every part of it..especially if the owners were hanging around not letting me see things.
    21
  4158. I love your political standpoint that made me laugh, especially since I’d refer to myself in the same exact way, People here in CA are over the top you just have to walk away from it (if you can). I was driving to a Winery this last weekend and the 101 was blocked off for a political rally and tripled my ETA. It sucked but you’re right about the scenic highways cause at least I was looking at some nice scenery (lakes, mountain ranges). Although, the month of September has been insane with all the smoke. I’m 22 and have no health issues but I couldn’t even walk outside without feeling a burn in my chest from breathing in all the ashes from the wildfires, we didn’t have blue skies until just a few days ago. That smoke was no joke. Looking forward to when I move to Florida and can feel rain again and not have to inhale ashes and pollution. Also being forced to stay indoors when there’s a fire warning.
    21
  4159. You forgot humidity. You cannot beat California weather
    21
  4160. Happened to me with a credit score over 800. It’s all a damned game.
    21
  4161. The Senate is on vacation!!!!!!!! Total BS!!!!!
    21
  4162. They cashed out refi and yoloed into doge coin at 70 cents.
    21
  4163. Agreed, sell the house to who you want. How tragic you sell your house, that you remodeled etc, to only be bought up by a corporation or someone else purchases it, and they simply tear it down.
    21
  4164. They are propping everything up to make Brandon look better.
    21
  4165. Thank you for putting out these videos! I have seen many homes in my area sitting on the market. I live in NJ and saw many homes getting sold to people from NY and it has slowed dramatically.
    21
  4166. Incredible encapsulation of the subject Michael! You’ve given succinct and direct treatment of the core factors driving housing unaffordability, along with excellent snapshot of the historical context, plus a cogent explanation of why such a bubble simply cannot endure. This video is an absolute gem, and IMHO one of your very best —Kudos! I’ve bookmarked this particular video specifically, for sharing with friends, family etc. Keep up the good work Sir. Always look forward to your reportage and analysis. —Thomas, Livermore CA
    21
  4167. I work so much better from home, I go into the office and everyone is talking half the time, so hard to focus
    21
  4168. Keep them coming ... your a very good soothsayer.
    21
  4169. Hi Michael Great video! I’ve lived here in the Central Valley for 30 year’s and life in Cali has changed drastically! That’s why I want to move back to the East Coast, mainly Florida, as I’ve told you before. Thanks again for your great videos!
    21
  4170. My next realtor, I am offering 10% for every $1000 they get the price reduced on my purchase.
    21
  4171. This is really gunna hit the wallets of college students parents. The pure engine of our economy……. Is mom and her credit card
    21
  4172. Affordability is a major issue, especially with rising home insurance and taxes. Now, 60% of my net salary goes toward a basic mortgage. In some areas, prices have doubled in less than four years, yet people expect them to keep rising. How far can this go?
    21
  4173. We have politicians locally,state and federal government agencies that also are specialists in kicking the can down the road.
    21
  4174. I’m 53 and I listen to you. The average retired person cannot afford to even pay rent because their social security is not enough. No one ever dreamed that rents and houses would have gotten so expensive.
    21
  4175. I hate reading this. It's becoming so hard, especially for us millennials and younger, to even dream of owning a home.
    21
  4176. I sold my house after living in it for 12 years. Renting now. It is freeing not having to do the maintenance or pay for it, which started getting so expensive (lawns are so expensive to upkeep). Hope to buy again, but I am loosing hope in Fl due to the homeowner’s insurance situation going on in the state right now.
    21
  4177. My Canadian government tax collector Works remotely and is a contractor and he's bugging me about my back taxes but is unable to answer the question of why government Canada revenue buildings have been closed to the public for 3 years and still are not open
    21
  4178. Michael, i want to thank you for your videos. A few weeks back you talked about your friends who saved money on their property taxes because of their age. I told my mom to check into that. She checked into it and she will be saving money. I'm not sure how much yet but a big thanks to you! They had just increased her property value 30% a few weeks ago. So this came at a miraculous time.
    21
  4179. Michael ... I think you'll appreciate this data - I learned that during the great housing rush before and during the Pandemic many realtors were advising their clients to at least pay full price, if not more, knowing full well the house had deferred maintenance and was in disrepair. I think many realtors during that time pushed their clients over the edge for their monetary gain, into buying something that they now probably regret owning. Many of them waived inspections. Can you imagine the problems they are facing now?
    21
  4180. If I was living in this area I'd be wondering how financially unaffordable it would be if there was an Ian-like hurricane every 3-4 years. And it just could happen.
    21
  4181. I would say Americans are foolish for buying homes now because they will eventually regret it a year or two from now.
    21
  4182. Cash buyer in Chicago area here. Keeping "the powder dry" until prices return to pre pandemic levels. Prices are definitely on a downward trend. Love your content Michael!
    21
  4183. Houses & cars are the only things that should be financed. College loans are a trap that steals your future, and a 4-year college degree is of debatable usefulness these days.
    21
  4184. 30,000 illigals coming here per month, is the biggest issue
    21
  4185. The thing that sucks are the traffic lights in metro areas, 5 minute lights. I'll take Palm coast over Miami
    21
  4186. The condo board members will be resigning if they haven't already.
    21
  4187. Hey Michael: Love all the money saving tips. I agree on all of them. I use my Discover card on everything I buy during the month. Food, eating out, gas, etc. It usually comes to about $750 a month for just one person. When the bill comes, they deduct 15 or 20 bucks off the bill for your reward points. I always pay the bill in full. I have never paid 1 cent in interest on a credit card in my entire lifetime. Like you my Fico score is 835. The top score like you said is 850. I was so surprised when you talked about your younger years having credit card issues. So glad you learned how to solve the problem ASAP bud. I actually froze all my credit reports online, since I won't need it anymore. I watched several videos on Youtube telling how good it is to do so.
    21
  4188. Really nice interview !.....Mr. Casa is very smart ; he is a " landlord " without owning the property. He is also in the property management business, but not full time, because he has formed a professional team. Michael, this is a new niche market in real estate. ....Great content !!......Thank you ...
    21
  4189. Great report. You have become one of the most important reporters on the Florida real estate market Your data and information is so well organized and presented. Your real estate business is going to hit records highs in business. I look forward to learning more through your reports.
    21
  4190. I could EASILY live on 1/2 a million for the rest of my life, have everything I need, and still have a nest egg, it's about living within your means!
    21
  4191. Just went to a property in Stockton California doing a bid on some work for a guy I've done a lot of work for, saw the eviction notice and wondered how long these people had been there without paying rent. They literally trashed the house. So this guy is fixing it up and going to rent it again you just can't fix stupid
    21
  4192. If they are only going to raise rates.25 at a time a few times a year, it's going to take them several years of raising rates to dent inflation.
    21
  4193.  @MichaelBordenaro  Not like it is now, hell, you or I could have opened a hot dog stand 30 years ago and at least made a living, way different now.
    21
  4194. rates heading back up next week after CPI and fed meeting.
    21
  4195. People have to look and see what all they can cut back on, get a job, get a second job, get a side hustle, get a roommate. People will have to do what they need to do.
    21
  4196. I retired this year and moved to Florida from Reno, NV for a dozen reasons. Of course, we considered a lot of different areas in Florida, but finally decided on North Central Marrion County. Prices per sqft. were more attractive, local services and retail was still top notch, demographics and crime statistics were similar to Northern Nevada. There is no storm surge and less flooding and we like the close proximity to Tampa, Orlando, Daytona, Gainesville and Jacksonville, when we're in the mood to go somewhere.
    21
  4197. Ten year hitting lowest levels since September last year, getting crazy. 3400 SPY would be putting some real fear into the market. Seeing rent prices down 4% in Phoenix now and got some homebuilders at 40% reductions now on new builds
    21
  4198. Technically I see real estate agents as travel agents of the 1990s. Or 1 hour photo workers. A job of the time, but unneccessary for common house buyer atm. The internet can show you more houses, you cam do virtual tours, look nationwide or global and save on fees. Agents will be needed for high end houses or specific needs properties.
    21
  4199. That view is absolutely out of control. Well done Michael, great insights!
    21
  4200. One repercussion I had heard regarding the bank crisis is that banks may tighten lending standards. Not sure if it will happen but if so it would slow the housing market.
    21
  4201. I used to drive California orange juice to Florida and pick up a load and drive Florida orange juice back to California I guess it made sense
    21
  4202. In Florida, Sellers and listing agents must disclose all known facts that may materially affect the value of the property. Therefore, if a listing agent is privy to a seller disclosure or a previous inspection that revealed deficiencies, they must disclose this to prospective buyers and buyers agents.
    21
  4203. In Canada it starts to crumble a bit more too: Toronto skyscraper with $1.2 billion of debt has been put in receivership, per Bloomberg.
    21
  4204. LOVE THESE TWO, Huge fan of both channels! Keep up the great work.
    21
  4205. It's so refreshing to FINALLY see somebody from within the real estate game showing empathy to people struggling to find affordable housing. Keep it up, bro
    21
  4206. Speaking of debt/income ratio, I saw over on YAA (Your Advocate Alliance) that more people than ever are now spending more than $1000 a month on their car loan payments, and generally loan terms are longer. With CC debt also increasing fast I agree with you guys, we will soon be seeing a severe debt crunch hitting the economy. Keep up the good work
    21
  4207. Feels just like the lead up to ‘08. My property tax kept going up and up. Then everything fell apart.
    21
  4208. Glad I don’t use credit cards.
    21
  4209. I just love watching my favourite Youtuber talking about the economy and the housing market while the floridian sun is shines in all it's brightness in the background!
    21
  4210. Mike, the amount of info you provide in your videos is unreal. l watch you, Scott, Dan and mindset and you absolutely crush it every vid. The amount of research it takes to provide all this content really shows the amount of devotion and hard work you put into every video. Thank you bro.
    21
  4211. Michael, I’m thinking that you and Lizzie should started a channel where you travel around the United States and talk about real estate full-time that would be so sweet
    21
  4212. So your telling people not to move to Florida, but you still loving there!! When are you moving out
    21
  4213. What right did government ever have to give tenants permission to stop paying rent? The entire covid situation was one giant overstep of government. I hope that we all learned something from that.
    21
  4214. I like when you are sarcastic. I laughed my ass off 😂 On a side note, there is so much demand. You can’t even walk down the beach without someone saying “I want to buy a house.” Jeez…
    21
  4215. Sadly I don’t see prices in Florida ever going down. Too many are moving here and inventory is less and less each month while prices are still exploding. Austin used to be a really good deal but noticed the prices are high there too.
    21
  4216. Always budget 3% of a homes value annually for maintenance, and understand this is different than money towards repairs and renovations. Hope this helps someone
    21
  4217. I'm renting a townhouse for $1600 for the last two years with no rent increase at all. To buy the same townhouse would cost me $2300 a month.
    21
  4218. If i went on a date and She pulled out phone for more than a couple of seconds, I’d move on. The fundamentals still need to be there.
    21
  4219. I'm convinced people will buy a house as long as a bank gives them the money. Doesn't matter if the interest rate is 30% and the house is priced $200,000 over market. They'll still do it. Financial morons.
    21
  4220. My unemployment expires next week! I will sell my spare car, and if necessary cash in my IRA. When there is work, I am working. Right now there is no work.
    21
  4221. Great video. We decided to hold off from buying a winter home on FL for all the reasons you mentioned. Especially when we inquired on insurance we were told from many brokers IF you can get insurance it would be extremely expensive. Not only are we holding off but our dream may not become reality. We will just use this money on vacations.
    21
  4222. Imagine if Blackrock went bankrupt and all that inventory went for sale.
    21
  4223. Loan repayments would restart 60 days after the Supreme Court ruling. If the Supreme Court does not rule before June 30, then the loan payments would begin 60 days after June 30.
    21
  4224. I need some tank tops
    21
  4225. This channel is NOT fearp-rn. Its perfectly factual and fair- and actually does not depress me. There are a few channels I follow with solid info, but it is 100% fearbased. I accept it for what it is.
    21
  4226. I remember watching you with under 10k subs. You’re well on your way Michael. Congrats and keep the content coming.
    21
  4227. The FL insurance market is in deep trouble. That could definitely be an issue affecting prices in the future.
    21
  4228. The new owners of that house won't pay $5200 a year in tax, more like a lot more.
    21
  4229. Lived half of my life in a third world country and this country have govt. price controls published in the newspapers every now and then. When buyers complain about prices higher than published govt. prices, sellers will just say to buyers to buy what they want from the newspaper.
    21
  4230. I refinanced my home at least 3 times. Plus I had a HELOC. I had a an adjustable mortgage once. Some things I learned from my time in mortgage land. Do not take an adjustable rate mortgage, don't take a Home Equity loan, put extra money on your mortgage loan every month. If you do these things you will be better off all around. In spite of all the back flips I had to do I still had my mortgage paid of in a little less than 30 years.
    21
  4231. I recently moved to New Smyrna beach here in Florida just blocks away from the beach, I rent a duplex with a friend, it seems renting with a friend or family member is the only realistic (and affordable) option for most people until housing and interest rates are back to 2019 numbers.
    21
  4232. General speaking, in a normal real estate environment, buying should be better (but usually more expensive initially ) than renting long term. Never intend to sell after 31 years, do easy house maintenance and let the kids inherit it.
    21
  4233. $250,000 house is over $2,000 a month..... half of the county makes $30,000 or less.....I would say that 75% of the county could not afford a $250,000 house. Unless your married with dual income.
    21
  4234. Michael, for being as stretched thin as you say the buyers are, they all seem to have plenty of $ for huge renovations after they move in. I am a realtor in Pennsauken NJ. When I bought a few houses in the 80s, we made the best of what was there and slowly improved the house. Today, they roll a dumpster into the driveway!
    21
  4235. Thank you for your input, just saw an interview of Dave Ramsey in 2006 saying there won’t be a market crush 🤦🏽‍♀️
    21
  4236. People in Florida cannot afford house insurance anymore. Not even flood insurance. Premiums have skyrocketed almost double since IAN
    21
  4237. Someone asked Johnny Carson after his divorce if he was going to remarry? He said, Why don’t I just find a woman I hate and buy her a house”
    21
  4238. Eggs, rice and meat. All I need
    21
  4239. Michael great observations and analysis keep up the great work. 👍🏾 💯
    21
  4240. Around 2014 I use to joke with people I knew and use to wonder "where do these people live?" I would see people working in retail or restaurants and I would wonder: "how do they afford to live anywhere?" Now that went from a silly sort of joke to serious question.
    21
  4241. For the algorithm.
    21
  4242. Your audio was so much better 😅 Always an absolute pleasure to work with you, brother. Great video 💪
    21
  4243. i just sold my fifty year old house in San Jose, California and bought a new construction home for 1/3 the price in North Port, Florida. It just too expensive to live in California anymore(13% state income tax, $4 dollars gallon gas, home prices, etc.)
    21
  4244. Your mom is so kind-hearted and appears such a wonderful and supportive lady. What a great upbringing to be in such a supportive household. That is awesome! :)
    20
  4245. I downsized my restaurant,and now I pay 20k less a year and I always pay on the first of each month
    20
  4246. After Hurricane Andrew (Cat. 5), power was out in south Florida for over a month for most places. The destruction was unbelievable. Every home and business was damaged.
    20
  4247. I have a 2009 Nissan versa bought new...love her to pieces. Coming up on 250k miles😊
    20
  4248. Thank you for your vids. Been looking at some FRED data and doing some research. Crazy how everything is so expensive. Luckily I have a job that is always in demand. RN. Looking to get a per diem job on top of working in the ER to be better positioned in 2024.
    20
  4249. Still waiting. People are still buying houses that are double what they’re really worth. Prices won’t drop if people keep doing that.
    20
  4250. Your videos keep getting better and better!
    20
  4251. It's a lot more than affording the mortgage. My property tax for the country went up 15% and I haven't gotten the city increase yet. My home insurance jumped 20% and then add in water/sewer/trash p/u and always the maintenance. It's, more than just the mortgage!
    20
  4252. You'd have to have a screw loose to house hack here in King County. Getting rid of a bad tenant is horrifyingly difficult and slow. The worst of the dregs get the most effort from the free services of the local bar free lawyers and the rules get changed every few months. Ridiculous.
    20
  4253. What I find interesting is all these migrants coming across the border and the taxpayers are supporting them, if all the baby boomers are gone at some point, who’s going to be able to afford the taxes to keep all these migrants happy?
    20
  4254. Of the three houses I've owned, I sold two by myself and the courts saved me the trouble of selling my third one by giving it to my ex-wife in a divorce. The last one I sold three years ago for 20K under the market because I did not have to pay a real estate commission. He was a former neighbor who sold his house a few years prior and wanted to get back into the neighborhood. He was a great neighbor, and he did not make any excessive demands to fix this or that.
    20
  4255. I retired at age 60, from the military and federal civilian service. Moved to Central America. My annual income is much higher retired, than when I was working! My monthly costs have also been reduced to approximately 60%, compared to the U.S.
    20
  4256. These people will buy knowing the risks. But they will cry for a bailout when things go down. That is the American way.
    20
  4257. Ah, yes, just what we need, more money printing.
    20
  4258. I'm 'renting' my land from the government for almost $200/month. Guess I'm getting a deal !!
    20
  4259. Very important to check the demographics and crime stats.
    20
  4260. My landlord wants to raise rent by 11%, but my wife does not want to move. I do, because it is BS.
    20
  4261. it all went to Lebanon....thx
    20
  4262. Thanks Michael 👏👏 I just wanted to share that the Federal Reserve is NOT FEDERAL AND IT HAS NO RESERVES 💥. 2024 is going to crazy and I wish that I had a crystal ball 🔮. Take care my friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  4263. Lived in Laguna Beach California in the early 80's renting a 4 bedroom house on a cliff going down to Victoria Beach -- $700.00 a month. I can't even guess what it would rent for now-a-days. Anyway, I moved to Port Charlotte in August from Colorado and I love it. I was last in SoCal back in 2003-07 and it was crazy crowded and too much taxes, fees and rules and regulations.
    20
  4264. Wow Michael, you’re going to be shocked to hear this: That condo that OpenDoor purchased for $453K a few doors away from mine, already dropped the price by $94K since I sold mine that was identical. The first listing 2 months ago was $485K, yesterday’s price cut, $391K
    20
  4265. There are homeless all around where I live. They get moved, and they come back. Can't sweep this under the rug. Anaheim, CA.
    20
  4266. Thanks Micheal please keep the insurance info coming it well rounds out your channel 😊 we’re all getting hit w increasing premiums car house umbrella
    20
  4267. WE don't pay debts, go to jail. $35T in "debt" that the gubmint talks about will NEVER, was NEVER intended to be paid off. This transition into a TWO TIER society is IMMORAL and what happens in a fascist, end of capitalism, screwed up place like this.
    20
  4268. My brother in law overpaid for a 20 year old Florida home with a pool. The house has never been updated. I don’t know if he waived the inspection or Stevie Wonder did it because it has required several expensive repairs already. He wants to get out from under it but having bought it at a super low interest rate makes it nearly impossible to get into a cheaper payment at the current rates. Literally stuck in a house you can’t afford to maintain and can’t afford to sell either. I know there are probably millions of people like this. A ticking time bomb.
    20
  4269. I agree, everything needs to crash, I'm like you I have no credit card debt, no car payment, driving old car but waiting for everything to drop maybe 4th quarter this year to buy a new one, but I do no extra spending, just waiting and saving.
    20
  4270. It almost sounds like a bad Joke! I can’t believe that this has gone from bad to WORSE ❗️❗️❗️❗️ I was really thinking about moving to Florida but I no longer have any desire to move there. So You Michael have saved my butt from moving to Florida. So THANK YOU VERY MUCH. Blessings and Take care. , Carlos ✝️🙏❤️😊🇺🇸
    20
  4271. I am not worried, I just got a $60.00 raise on my monthly Social Security benefits. Things are so great, I celebrated by going out and getting a Jet's pizza.
    20
  4272. I was raised in Naples back in the 70's love thar area. But have to say...being a 3rd generation Floridian you'll want to avoid Orlando i lived there for a few yrs and if you love traffic and construction..move there..Vero Beach is a great small quiet town...i love it...the Treasure Coast is a great place to live 🌸🌴
    20
  4273. Great video Michael! I'm 63 and I grew up in Temple Terrace, a town in the Tampa metro area. I went to UF and then moved away to Texas for some 27 years. The way I think of Florida is essentially this: Northern Florida, the pan handle, and over I-10 to Jacksonville, and I-75 down to Gainesville, is the most southern part of the "deep south". Orlando is full of people who work at Disney and its supporting hotel industry. The Tampa area is laced with mid-westerners because of I-75, while the east coast is laced with northeasterners due to I-95. Tampa has middle-class mid-westerners, while St.Petersburg and Clearwater have middle-class northeasterners. 40 miles north up I-75 from Tampa is Brooksville. Street bike riders rendezvous in Brooksville each weekend to cruise the country roads of north Florida, while the State Park Service runs Brooksville's 8x3 mile Croom dirt bike riding park. North Florida is laced with rural motocross tracks. Ocala is famous for its horse farms. Temple Terrace, originally a hunting resort in Tampa that had one of Florida's first golf courses, is a dead-ringer for the movie, "Caddie Shack", as the kids all wanted to Caddie for the Cincinnati Reds! If you can brave the humidity, Florida has a lot to offer.
    20
  4274. Michael I am one of those who paid 16.5% in the 80s for a mortgage.I am also in the camp that todays rates are not awful. A large reason for the lack of mortgage applications is the massive amount of non-mortgage debt people are carrying. People know their total debt ratios are obscene. People have strapped themselves with unsustainable auto and credit card debt. It isn't the rates. It's a lack of financial discipline.
    20
  4275. Love your videos Michael. Keep up the great work. ❤
    20
  4276. That tiny home would go for about 100k tops in the Fingerlakes region (known for nice lakes, wineries, farms) of New York State. My 3 bed 1 bath move in ready ranch is estimated to about 160k. California real estate is insane!!!
    20
  4277. 🎉🎉🎉 Hi 👋🏼 Mr. Bordenaro 😊. Don’t you think that we are already in a recession? Just because someone changed the terms of a recession doesn’t make it true. We are definitely suffering from pretty much everything overpriced. You always bring us great content. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    20
  4278. i think id rather just live on a boat in the bay like Sonny Crockett. might even get a pet alligator named Elvis
    20
  4279. One things for sure, Michael's vitamin D levels are probably through the roof with these daily walks lol.
    20
  4280. My wife briefly worked at a local TJMax, mostly so she could shop there at a discount. (No idea why the ladies love that store so much) Anyway, almost every time she came home she would tell us about people just walking in and filling carts n bags n just walk out. They were instructed by management to keep a close eye on the known thieves. Constantly ask ‘can I help you’ etc. But they walked out of the store with merchandise. And this was in a relatively nice suburb.
    20
  4281. I'm not a smart man. But you are Michael. That's why i love your channel. Learning so much that we're getting out of debt faster and saving more money. Thx for all of your hard work.
    20
  4282. I’ve been in real estate for 24 years. There has always been blacklists. It’s nothing new. However, there may be more added to the list since the new law in Florida requiring more reserves. For condos it can be for many reasons… from reserves, to building condition, to owner occupancy rate. In years past, the reason a majority of the condos were rejected was due to high rental occupancy. Lenders want a high majority of owner occupancy. Guess what else? This can also happen in an HOA with single family units that have a high rental occupancy. As an appraiser, we are required to report the percentage. And an FYI, lenders have many blacklists not just for condos and have for decades. Nothing new.
    20
  4283. I guess Florida is no longer a retirement state that’s horrible what’s happening with the home owners insurance
    20
  4284. Love seeing you with your dad, Michael!
    20
  4285. In 2021 my car insurance was $140 a month. It has now doubled to 280 a month in just 2 years. No new tickets or accidents, and I'm over 40 years old. I'm here in Florida. My home insurance and taxes are also now much higher than my mortgage payment itself.
    20
  4286. When I immigrated in Canada I was broke. I rented a house but no money for furniture. A company gave me a credit card allowing me to purchase furniture with 0 interest if I pay off in a maximum of 24 months. I got everything I need, and because I spent alot, the store gave me 60" TV for FREE! I paid off my debt in 12 months, closed that credit card and never did that again. So yeah sometimes it's necessary. But people need to not abuse because it can be pretty messy if you don't care!
    20
  4287. What on earth is the city of Miami doing with all of this property tax money they take in?
    20
  4288. Thank you for keeping us up to date on the Eviction Situation. It's sad that people get kicked out of their Homes but it's important to talk about, so some people can learn from Others Experiences and can maybe prevent an Eviction. Thank you Michael.
    20
  4289. I did a similar statewide FL road trip three years ago. It definitely changed my perspective on the state as well. In particular, it made me realize that the state is still vastly rural and undeveloped. And the landscape/scenic diversity as you mentioned. Also, there's a ton of small quaint, old charming towns everywhere. I thought that was exclusive to New England, but Florida holds its own in that category.
    20
  4290. $400 is no emergency money that is grocery money for 15 days lol, emergency money cost around $1000 - $1500............
    20
  4291. Everybody's Rich it seems and longing for Fun in the Sun . What happened to the Key West Home Market is about to happen to the rest of Florida . Only Millionaires need Apply forcing everyone else out .
    20
  4292. First Time Jobless Claims will be a big topic in the news this fall. Sell you home now if you need to move in the next three years.
    20
  4293. Just to keep things correct ... JPM Morgan was forced by the FED back in the 2008 crisis to take money so that other banks that really needed the bail out would not be singled out for a bank run. Jamie Dimon was pushing back about not taking the funds , but the FED made sure they took the money . The taxpayers did not bail them out of anything back then and they paid it all back the first chance the FED let them . Not a shareholder of them , just putting out the correct situation back then .
    20
  4294. I’m afraid of spotting Ex-wifeopithicus more than any of these..
    20
  4295. I just rented a luxury apartment in Orlando and the leasing office told us that the rate is $250 cheaper a month than the previous tenant. Interesting to hear how apartments are going up in certain areas
    20
  4296. $600,000 for a new 3D printed house? I have my doubts that the price is actually tied to the cost of building. It's what they think that they can get.
    20
  4297. The rent is too damn high!
    20
  4298. When I bought my house it came with a home warranty. AC was dead when I moved in so I called the company with a claim. It was week before anyone came out to look at it. The tech from the company that took the job told me, warranty work comes last at their company. The AC unit need an expensive part to repair. The warranty company took four weeks to acquire the part and at six weeks my AC unit was finally repaired. They could have acquired the part locally in one or two days but they wanted to get it as cheap as they could. The part had to be acquired by the warranty company, then it was shipped the HVAC company for my repair. This is why I had wait so long for the part to come in. Cost without the warranty would have been around $900 but with the Freon surcharge and deductible it come in around $400. This was BTW during mid-July through the end of August where the temperatures were in the mid to high eighties. The company wasn't real happy when I didn't renew the policy. Once I explained how long it took and how inconvenienced I was, the sales person came around to my side. I'll put the $550 warranty insurance premium away each year to cover unexpected repairs.
    20
  4299. Unless America makes child care more affordable, I will continue to seek remote jobs. I'm able to work and watch my kids. It's a postive for sure.
    20
  4300. 2023 is going to be a rough economic year.
    20
  4301. A house I had saved on Zillow sold 5/23/2006 for 550k. It eventually sold in 2008 for 280k. No one would have believed in 2006 that houses would come down 50% in 2 years. We are in the analogous part of the cycle to 2006. The crash is just beginning.
    20
  4302. Remember the phrase from yesteryear? Predatory loans!
    20
  4303. Love these videos, unfortunately my dream of living in Florida is going down the tubes.
    20
  4304. Make sure if you buy in an HOA, it has plenty of $ in reserves. Could end up with a large increase in Hoa fees for years, if community has unexpected repairs.
    20
  4305. Just about nothing on the market in the NYC suburbs. It's eerie. And it's often high-end huge houses that are being sold by empty nesters. There is nothing in the middle-price range.
    20
  4306. Hey Michael! Great to see you & Lizzy enjoying sunny California! I live in Ventura County & I just got my new car insurance & my home owners insurance premiums for this year. Wow! I got hit with the higher insurance premiums. My car insurance went up 100 a month ( 1200 a year higher)it was already high. The home owners insurance went up 400 a month! They know they got ya because no other insurance company will write you a policy. Thanks for another informative & reality check video! Man it hurts!😢❤
    20
  4307. Moving to another country is looking better all the time.
    20
  4308. Most people can't think 5 minutes ahead to save their life much less remember history..
    20
  4309. Hey there Lisi 🤗💗 Michael, it feels like homeowners are being forced out of their insurance even if they've never filed any claims.
    20
  4310. That guy bought that house 40 years ago for $250,000 or less. Should have asked him what he paid for it.
    20
  4311. I got a 50% increase in our trucks’ insurance. Never had an accident or claim ever.
    20
  4312. The consistent factor between all these areas being hit with high crime - Liberal policy.
    20
  4313. What I don't get about Florida is that there's never any parking on the street come to a party everyone's parked on the lawn very strange.
    20
  4314. Am a Veteran and have a VA loan in good standing, we have work so hard to keep up with my Mortgage. Am not saying not to help my brothers Veterans but if my wife and I work very hard to make our payments the government has to let them fail. We lost our home in 2008 during the ‘Housing Crisis’ not because we didn’t try to get help, everywhere we turn for help we had the door slam in our face. The person that was supposed to help us is the current senile President. Meantime the CEO of Countrywide got away with $500M in stocks and die in Hawaii not to long ago. Nobody that was guilty of the ‘Housing Crisis’ of 2008 was ever charge with a crime. So please let me know where am I going wrong. Enough is enough of these bailout, whats next the auto industry. Half of American households are struggling to cover rising housing costs. Great video, Thanks👍
    20
  4315. More and more people are catching on to how easy it is to run a a scam bankruptcy and then just start charging all over again, And yes, you will get new cards with poor credit as you then have no credit card bills
    20
  4316. I still can't believe that in 1980 right after HS i could afford to live on $3.50 an hour. How in the world!?
    20
  4317. California is getting rid of those junk fees by July 2024. Good riddance.
    20
  4318. Thank you Michael for braving the bad weather! We appreciate you and your awesome videos. 😊
    20
  4319. Just for the record. If you make 200k a year and still live paycheck to paycheck, you are broke as well.
    20
  4320. In the USA you deserve what you tolerate. But, In the USA you don't have to tolerate what's going on by your employees in the federal government.
    20
  4321. Used EV are like buying a new cellphone, How much does a $1200 iPhone five years ago, cost today?
    20
  4322. Thanks to programs like the one being discussed, not only do the ppl not have any equity, but also when things do go south, it can take those ppl years if ever to recover financially. Thus prolonging the possibility of home ownership indefinitely
    20
  4323. I’ve heard Michael talk briefly about Musicians Friend. They’ve gone so far downhill it’s crazy. These businesses have done it to themselves. They’ve outsourced everything customer service wise. It’s pathetic. I placed a guitar in my cart on the website. 3 days later they peppered my phone at least 8 times. I never answered. Then they sent me an email titled “abandoned cart” asking me call them. They know how pathetic their outsourced customer service is. Now they use someone in the states to follow up on all the lost sales.
    20
  4324. 20% would still be a correction, and is not enough. I think we need to see at least 40%.
    20
  4325. Her agent lied to her so the agent got that sale and commission. It's really too bad that she boned out her savings
    20
  4326. There are many valid reasons to work from home. If the company can set clear guidelines and checks on what is expected then it is a win-win.
    20
  4327. Spot on Michael. People need to be satisfied with what they have and not what they don’t.
    20
  4328. High insurance rates and low incomes. Hard times are coming.
    20
  4329. thank yo for covering this topic/situation, I was never a fan of condos and now this makes me even more against them though I do realize that for some people, condos are ideal.
    20
  4330. So true Michael, Insurance is a mess here in Florida and I don't see it getting better anytime soon. More amd more people are self insuring. Another great video Michael, Thank You!
    20
  4331. I graduated with 125K in student loan debt and lived with parents until I was 28 and bought a house. Never wasted a dime on rent. I think future generations should live at home longer and avoid renting and save money like I did and they too can get their own home. If you work hard and protect your credit and save anyone can buy a home. It’s attainable
    20
  4332. Getting laid off in Feb 2020 right before COVID started was the best thing that ever happened to me. Huge Severance package by my former employer, and huge upfront pay day from my new employer and now I own my business so I am my own employer.
    20
  4333. Can you imagine what you need to make if you have two or three kids I don't know how people are doing it
    20
  4334. This shows a lot more about you, Michael. You have young parents and can sympathize with what he’s saying.
    20
  4335. Everything you've been talking about comes true! I tell my husband doom and gloom guy is always right. Haha. Thanks Michael. 😊
    20
  4336. Retiring to Florida is becoming impossible. How do people afford to live there?
    20
  4337. Dear Home Sellers, Lower your prices 25-30% closer to 2019 prices and someone will buy your home. If you stay greedy trying to make an insane profit while taking advantage of people, you will never sell your home. Most of the suckers have already bought at the peak and wasted their money. Only the intelligent buyers are left. If you lower, we will come!
    20
  4338. There are several of the OpenDoor listings in my community and they are discounting heavily and still not selling. These houses have been on the market for 50 days or more. Scandalous
    20
  4339. Lord, please bring back 2019 prices. Amen.
    20
  4340. We previously had State Farm and had a difficult time getting new insurance because they listed anything we called about, even though we didn't make a claim 🙄
    20
  4341. I saw that about Amazon in the news today. It's sickening😡
    20
  4342. So, I have 5-7 years to win the lottery? With no mortgage payment, I can spend all that money on scratch-offs. Seems doable...
    20
  4343. I used to get 2 haircuts per month. Now I get 1. Used to eat out 3-5 times per week! Now just 1 per week on Sundays with the family. You could save so much money cooking at home packing your own lunch. You also lose weight. So far I lost 35 pounds in the last 3 months. And savings have gone up ⬆️ thanks to people like Mike mentoring us. 🎉
    20
  4344. Long lost brothers reunited.
    20
  4345. What gorgeous trees everywhere
    20
  4346. No matter what time no matter what day a video from Michael you can't delay!
    20
  4347. Hopefully now home depot will lover their damn prices. $22 for a sheet of OSB, I've never seen full pallets just sitting there for days because of these stupid prices, I was gonna build a entire 16x24 cabin until they went from $14 a sheet in December of 2023 to $22 in February
    20
  4348. But I do not get how if the insurance providers are providing "coverage" that people pay good money for, how can they suddenly puck and choose what they will cover after the fact?
    20
  4349. Prices in south Florida have doubled in Roughly 18 months. I wouldn’t dare touch anything until we see 50 percent price drops. And 50 percent is certainly more realistic than 100 percent increases based on fear and flippers sustaining itself. No mercy on the way down.
    20
  4350. It's Not just woman that take men down..I married one that wanted loans help from my parents and wanted me to work and support his dreams..ugh digusting..of course I'm divorced. I learned a great lesson in these creeps👍.
    20
  4351. I see tons of homes still trying to sell for ~ 100k to 150k over what they literally sold for in 2019. I guess they think they charge you another 150k because they took a few trips to home depot lol. But these have been on the market for a loooong time at this point.
    20
  4352. We've seen it all this past year looking for a home. Homes being straight up sold AS IS with no chance of them agreeing to an inspection and people are still buying these places way over priced. It's crazy. We backed out of two deals because the sellers were being sketchy and pushing for no inspection and then one changed the condition report last minute. Big red flags. Be careful out there everyone!
    20
  4353. Hey Dad! It’s a beautiful thing to enjoy your family!
    20
  4354. MIchael we love you...forget the haters because they don't know what they are talking about. Sometimes the truth hurts.
    20
  4355. Back in the 1990s, I worked for a junior college. I saw firsthand students choosing a major out of thin air without much thought. A lot of students were not inspired, but are pressured to enroll in order to keep child support going for a few more years. Still others enrolled to stay on their parents health insurance (Obamacare came much later). Changing majors is a common reason for racking up student debt. Another is having to repeat courses because students do not come out of high school prepared to do college level work (College Algebra and Calculus are two classes with high repeats). Colleges are in the business of selling degrees -- period. They must convince their customers (students and parents) that what they are selling is essentail, and that you will not be a success in life without it. Classes are the product/service, and must be filled in order to keep tenured professors employed and cover maintenace and operating costs.
    20
  4356. You forgot to mention buildings and homes in Miami are built with concrete not plaster like the northeast. We have a building code to withstand at least cat 5 winds. I’m not sure about the rest of Florida but here, the only houses that aren’t built to code were built before Andrew. Miami isn’t lucky, it’s prepared. Personally from living here for 18 years. Live in an area with great drainage systems to avoid flooding (Katrina had more flooding than Irma and that was category 1 for us), try to live inland if you live in a house to avoid storm surge (I live 12 miles inland and am not affected by storm surge) or live in a big apartment building, cut down branches in any nearby trees to avoid it falling, and we also have mangroves on the coast which serve as a natural barrier against storm surge. Hurricanes aren’t that bad (except category 5 which is really once in a blue moon), we don’t have to be lucky, we only have to be prepared.
    20
  4357. Regular citizens paid $400k for a condemned condo home. That hurts.
    20
  4358. I bought my starter home in 1990. I was 21 years old.Low prices high interest rates. Fast forward 32 years I’m still here. 😄 I’m so glad I signed my life away at the time and stayed. I’m so grateful to have a home in these crazy times. Good luck to you all out there it’s insane
    20
  4359. The democrat economy is so bad that even Big Lots is closing stores and are not sure if they will be able to stay in business.
    20
  4360. FDIC is still risky ! 1. They only have money for 10% or 15% of the banks. To go out of business or bankrupt at the same time. If too many banks went out of business at once. It's like 85% not covered .2 I had relatives that had money in the bank that went out of business you took them 7 years to get the money 💰. FDIC. That's a long time. If the economy did crash and there was more than 10%to 15% of the banks depending on the size. At the same time or close to the same time . They do not have the money to cover it. So don't think just because it says that on the bank 🏦. You're golden.
    20
  4361. These real estate agents are criminals who should be brought up on treason charges!
    20
  4362. if your planning to but a house offer at 75% asking or else just wait , no reason to jump in
    20
  4363. The guy at 0:18 is the homeowner there who walked out to his mailbox, opened his new home insurance bill, and dropped dead of shock ☠
    20
  4364. East Coast of Florida, every hour of the day, every day of the week, and every week of the year. Full stop.
    20
  4365. Your home should not be an investment, it's first and foremost a place to live.
    20
  4366. Renting is much easier for the average person. The majority doesnt even own a screwdriver.
    20
  4367. The other problem is that there aren’t enough engineers
    20
  4368. Ive seen airbnb go for $75 a night but $208 in cleaning fees and other BS fees.
    20
  4369. So only purchase without HOA
    20
  4370. The crows cawing in the background while you're talking about a condemned building just seems so appropriate.
    20
  4371. It's been apparent a lot of this was going to happen for a long time. We just need it to get moving. The longer it takes to get moving, the more people will get caught at the top. Also, the longer it takes to get moving, I'd assume the longer it will take to catch speed on the way down. If it moves fast, it will catch speed and prices will also go down fast.
    20
  4372. Michael,....nice to see that the Miami heat and humidity hasn't affected your midwestern values of truth and honesty. Look you and I both know real estate in big cities(in general) is filled with'' flippers'', con artists, slimy agents, etc, etc,...selling b.s. There are even well known real estate agents in Las Vegas on Youtube right now selling the desert dream as if nothing is going on the world. No layoffs, bankruptcies,furloughs,,...or unemployment. One good thing about Illinois and the midwest is most people bought their homes because they thought it would be a great place to lay down roots,....and/or start a family,...not a place to own until some other sucker paid them a fortune for it so that money could pad their retirement.
    20
  4373. Keep "the truth" coming man. Much appreciated.
    20
  4374. As a native Floridian, your list is spot on. If you haven't visited the panhandle beaches I would recommend a visit. There are no cities large enough to give you everything you mention in your list but the area is beautiful and mostly unspoiled by development. Thanks!
    20
  4375. I am retired and have been planning on moving to Florida for a couple of years but the property taxes and the insurance problem are probably going to stop me from ever moving there.
    20
  4376. I look at Redfin daily & the amount of condos going up for sale across Florida has been skyrocketing all year with 10% price cuts the norm.
    20
  4377. If a seller is willing to sell cheap as is for a quick sale how is that the buyers fault?
    20
  4378. This insurance legislation is going to force elderly on fixed income into poverty or homelessness.
    20
  4379. Michael, really enjoyed your video. Thank You! Yes, no more free money and borrowing at 0 rates, credit crunch coming without a doubt. Should have never happened in the 1st place.
    20
  4380. He is right, lower rates means the economy is cratering. Inventory is already starting to build up and once rates go down and the economy is suffering, everyone that was counting on the equity in their homes to be their "retirement" will be looking to sell their home. Inventories will skyrocket at that point and it will be a buyer's market, but there won't be as many buyers because the economy is so bad the Fed had to lower rates.
    20
  4381. Thank you Michael! For being one of the only(few) realtors to say this. They keep saying just get and adjustable. But who wants to pay that much, not knowing when the rates will cool/come back down.
    20
  4382. Well done! Would be interested in learning more about auction purchases.
    20
  4383. Needs to crash harder! This might make 2008 look good
    20
  4384. I had a meeting a couple of weeks ago with a local commercial real estate agent and he said basically that market is pretty dead. I also met with a residential real estate agent who said her business has been dead for about a year.
    20
  4385. Nope, I don't want to be around a lot of people, a reason to not get a condo. But great video.
    20
  4386. I used to want kids, however, the way the world is now it's not worth it. Having a pet is smarter, I think. You took the words right out of my mouth Michael between finding out the truth about the surrounding neighbors and now seeing things that I didn't see when I first looked at my property. I'm a survivor though and I will make it. I'm trying to play it smart by watching the market and your videos are helpful too. Thank you and please keep them coming.
    20
  4387. The whole economy needs at least a 20-25% correction to get cost in line with salaries that most people make right now. Time will tell😵‍💫
    20
  4388. All the new requirements start 2025...your last chance to sell before they are wiped out...
    20
  4389. I live in TX and protested my property tax with a letter from my realtor and a letter from a professional appraiser and the county was unwilling to budge on the taxed value of my home. Their rebuttal was the way realtors assess the home is different than the way we do it so we're not budging. My insurance went up 30% and my taxes went up 20% from 2022. Think real hard about that before you buy in TX.
    20
  4390. Great video Michael your exactly right. I bought in 2019 and i owe 122,000 and have 179,000 in equity, the only winner here is the tax man!
    20
  4391. Businesses say personal bankruptcy is for losers then they file and use it as leverage
    20
  4392. Florida laws leave a lot to be desired. If they can get away with it, they’ll take every condo in Florida.
    20
  4393. Translated, "Let's not talk about how others are getting ripped off, let's talk about how WE'RE getting ripped off." 🤣 I just love Michael!
    20
  4394. Im thankful my wife and I both work less than a mile from our house. I often walk to work weather permitting. For over 20 years I commuted over 50 miles a day. I don’t miss that. It was a lot cheaper to do back then, everything was cheaper…🍻
    20
  4395. Your videos help us stay on top of the economy so we can survive these changes.
    20
  4396. People get upset because they are as soft as wet toilet paper.
    20
  4397. You are right here in NZ very roughly to buy average home near a town/city you are looking at 12 to 15 times median income. It is going to crash big time as boomers can’t find debt slaves to sell their assets. When I bought in 1995 it was a ratio of 3 to 1. The debt slaves have been found now so the FOMO crowd and greedy investors now have to pay the piper. Our central bank warned our population about debt binging during the plandemic no one I know listened.
    20
  4398. Crash is the wrong term. A real estate correction takes months if not years to play out, the whole event deemed a “crash” after the the smoke clears. Prices need to drop a lot more to qualify for crash status. We are in mild correction territory now in select areas, if it keeps up, then we will be in crash territory. Real estate is local, so we will more than likely have both crash areas and correction areas.
    20
  4399. Put me down for one of those wanting a housing crash. I plan on staying in my current home and would like to get a rental house.
    20
  4400. With people paying like $500 plus EXTRA each month in Rents, how can the Country expect anything but declining sales in EVERYTHING but fuel and food? Think of all the business that will go broke? One out of three businesses haven’t paid rent. Think of all the people that will lose their jobs. Downward spiral-Depression. 🙏
    20
  4401. My house is paid off. No mortgage. We paid our home in 15 years from a 30 yrs mortgage. We attacked the mortgage like a vengeance.
    20
  4402. True comment about working for government. Almost impossible to get fired and guarenteed pay rise every year.
    20
  4403. I did not know investor’s are buying mobile home parks. That’s so sad for the people who live there on fixed incomes. Thank you for the information. I am learning so much watching your Channel.
    20
  4404. Condo blacklists have been around for decades. The average consumer can do a search online for non-warrantable condominiums to get an idea of restricted use or blacklisted properties and why the Agencies don’t provide financing for them. Ultimately it makes sense but it also shows how important it is for potential buyers to do their research. Typically properties are on this list due to potential adverse risks (lawsuits, insufficient reserves, questionable financials, significant deferred maintenance, etc) and the Surfside catastrophe only magnified the risks and potential damages the Lender can or could face. Lenders have to protect themselves because buyers make emotional decisions when it comes to purchasing property and don’t account for “Murphys Law” and they sometimes will still go thru with purchasing a property with known defects and the minute something bad happens or goes wrong will flip on the Lender in a heartbeat and blame them for loaning on a property with known defects…..I’ve seen it happen all too often.
    20
  4405. You are NOT making, "stupid YouTube videos"!! Your videos are very knowledgeable and smart!!!
    20
  4406. Amazon in sourcing might be the reason why FedEx is not doing as well.
    20
  4407. im hoping things get back to 2019-early 2020 levels in Florida. Im holding out for the 800k property that was 400k last year to at least get back to 500. Dont see how those prices can just double and remain at that level in such a short period of time. It doesnt make any sense. I may be waiting a long time though.
    20
  4408. Dave Ramsey recommends beans and rice. I did that for a while, not bad with the right spices and cheap.
    20
  4409. Exactly what happened to my son. Got the car when he was working two jobs. Now can't afford the high price Plus High insurance! It keeps going up!
    20
  4410. hey, thanks for the great tips on flippa.I myself thought about doing business on flippa once. now I have an idea how it words thanks to your video.
    20
  4411. I’m almost 67, and semi retired. Went back to work to knock out debt. Was doing very good, then our Fed Government went ahead and soaked us with an Income Tax raise. It’s a lie when said ‘not 1 cent raise on incomes under 400k’ . 11 % on an AGI of just over 50k.! Back in the hole again. Keep working.. I guess it’s better to stay active anyway.
    20
  4412. Funny hearing her, because if you go back to 2008 and 09, Barbara Corcoran was saying buy buy buy! The housing market can't go any lower!! See how that turned out
    20
  4413. This is just the beginning. I remember 2006-2007 when you could get back $30-90k back at closing through all kinds of realtor rebates, builder credit for improvements, etc. Another reason why people bought so many houses.
    20
  4414. 0:28 💯 if I owned a home in the states I would be pissseedddd about that new law
    20
  4415. Very true i have 0 debt and money in the bank........Keep Away From Gold Diggers....
    20
  4416. They want 3x the rent as opposed to real liquidity for two reasons: 1. Apartment use budgets and cashflows. They want YOUR income to be "flowing" to them, and not lump summed. Its kind of like balancing a budget. They want their revenues to be streaming. 2. Paying half your lease up front gives the landlord a harder time to evict you if you violate lease. Basically you can't "pay your way out" of being a nuisance. About the co-signing part. Another option is to use a guarantor. It's a professional agency of agents who co-sign for you. Of course you have to pay a fee usually a percentage of what the monthly rent is.
    20
  4417. I knew this would happen. I kept trying to tell people last year to not buy a house like that and everyone kept telling me it was supply and demand and ALL the homes were worth more. I think it's funny how the price came down a lot and everyone is so surprised.
    20
  4418. A bill is now in Congress to ban, heavy penalty and kick the Institution Investors out of the housing market to improve affordability!!! Look like we certainly will see a panic SELLING soon enough 👍!!!
    20
  4419. 1% down payment with a 7% interest rate on a $500k house with a $1 million dollar price tag...........what could go wrong?
    20
  4420. Gentrification is all over Miami and Florida in general. In Miami due to re-built and in the rest of Florida due to overpricing and home insurance.
    20
  4421. I think we’re in a depression. I have never seen so many homeless people on the streets and this does not count the people couch surfing or living in their cars. It’s so sad and the President never mentions homelessness; only how many jobs they’re creating🤦‍♀️
    20
  4422. A property is worth as much as someone is willing to pay for it.
    20
  4423. Can't afford rent. I make a depot my home.
    20
  4424. 4:40 💯 I’ll never understand people who have kids without preparation.. i remember being that kid.. I can’t continue the cycle 🔄
    20
  4425. I live east coast Florida and I stopped going out to restaurants and bars a couple months ago. Business is the slowest it's been since around 2012 for me.
    20
  4426. Very intelligent video. I go to Florida in Winter for a week and I love it. But I'm always happy to go back to Minnesota, yes, even in January!
    20
  4427. True story! Anecdotally, a home in my neighborhood asking $1.75 million, has been on the market for more than 3 months with no price drop. It's a dead listing that the broker is losing money on.
    20
  4428. My property tax here in Texas is $300 per year. My tax were frozen when I turned 65.
    20
  4429. 580 credit score & hardly any money down. They are walking people off a cliff. These people would sell you a bridge if they could. Yes, more Inventory is a good thing! So true, some people just aren't ready to be a homeowner. Wow, the weather there has been challenging to say the least. Thank You Michael, Happy Wednesday!
    20
  4430. When it is up, people say wait; when it down, same people say it will go lower….i know people have been waiting for 25 yrs and they are still waiting.
    20
  4431. In ten years parts of Florida will see California house prices. Those of you saying its coming down are WRONG. Do not underestimate1000's of people retiring in Blue States wanting the hell out. We are one of them. We are building a new Home in Vero Beach right now but even at 600k it much more house than I can buy here in the Northwest. There are very few retirement friendly states that are conservative and those who can sell and are done working are going to continue to come to Florida.
    20
  4432. I have lived in Clearwater for the past 20yrs have travelled all over this state. There are many nice place here in Florida. My advice to anyone thinking of moving here is depending on what your needs are. If your like me I needed a job affordable living and close to the beach and plenty things to do. Not all areas offer these thing. I found that Tampa Bay was best fit for me.
    20
  4433. It’s okay guys, the FHA has our backs, they’ve just given the green light to 40 year mortgages. That’ll surely bring in the buyers!
    19
  4434. I’m going on a honeymoon this winter. I had always thought we’d go to Italy or Switzerland but it was wayyyy more expensive than the last time I went to Europe. Most of our preferred locations were priced too high for what the location offered. Ended up choosing a domestic location basically due to price. Still looking forward to it! Keep talking about the coming correction for Southwest Florida! It’s still so inflated over here. Love the content, as always.
    19
  4435. Thank god this didn’t happen to our beloved Michael.
    19
  4436. You dont need subprime to have foreclosures. Once value drops way below loan balance, many will lose interest in making payments and ride out for couple years until foreclosed. Taxes do not drop proportional to value drop and insurance rates are high and generally dont drop unless petitioned so hold costs remain high. If income or employment drop, the decision gets made. Cash buyers bail to recoup as much as possible. It's so obvious and rooted in history.
    19
  4437. Interest rates were 7%-8% throughout the 1990s and early 2000s. 30 year rates didn't go below 5% for the first time ever until 2008. 2008-now is an anomaly and now we're resetting to more normal rates. Naturally, prices are going to have to come down and stay down, or houses won't sell.
    19
  4438. The feds have always "cooked the books" when it comes to jobs, what is a job, who is an employee, who is employed and so on. Election year? Forgetabout truth.
    19
  4439. The stupid gov't can give me an EV, but I'm not spending my money on one.
    19
  4440. That neighborhood is so over priced 😬 who is buying these small houses for $1.8 million dollars 🤔
    19
  4441. Brad needs to go watch The Big Short. He's like one of those two loan agents who think the big paydays will never stop. Their arrogance might be uncomfortable for Brad to see.
    19
  4442. Love watching Michael's videos. His (and others') content gave me a head's up to keep an eye on my own insurance rates. Sure enough, Farmers tried to sneak in a $600 home insurance policy increase from $2200 to $2800+. I live in Arizona, and I"m over 55. It took me about 30 min to contact Hartford (AARP), get a new policy, and then log onto Farmer's website and cancel my policy. While the overall coverage amount is a little less than Farmers, the rest of the policy is pretty much the same. (And neither of the Policies would provide for a complete replacement of my home anyway.). My policy has now gone down to just under $800 for the year! I had been a loyal customer of Farmers for over 30 years, but I dropped my car insurance 4 years ago when they kept raising my rates. Now, they have completely lost my business.😂
    19
  4443. I recognized this house immediately lol. I live in Petaluma and I am a real estate broker in the Bay Area. Petaluma has become a really popular place due to its location and downtown charm. This place would have been snapped up a while ago if rates weren't so high. I had two clients take a look at this one wanting to make it an Airbnb because it's so close to downtown but it's just too risky with the market right now
    19
  4444. I commented before you got to the second story about the woman saying she has a disability. Don't get me started on the people that abuse the welfare system. Unfortunately my mother-in-law I think abuses it. She doesn't want to work full-time just so she can keep her benefits. Everyone talks about "just getting by", unfortunately it seems that that's all people really want or it's the "free" money that is causing this mindset. Welfare keeps people from reaching or even understanding their full potential.
    19
  4445. 40k and no future why work hard and there is nothing for us in the next 20 years.
    19
  4446. The reason America has been always considered resilient, is because they’ve had control of the world reserve fiat for a very long time and they’ve been able to spend and live like irresponsible drunken sailors. You can see now how it’s coming to an end.
    19
  4447. what happens to all the people who owns those condos and are now going to be displaced???? Screw them right ??? A lot of retirees that can't afford the higher prices where do they go ??? They bought thinking they were done moving for the rest of their lives now they're getting screwed again...
    19
  4448. My son skipped college and became a graphic designer through apprenticeships. His girlfriend makes a similar salary to his but she graduated from SCAD with $100k is student loan debt.
    19
  4449. I live in Northern California. My in-laws just sold their home in the area for MORE than the asking price. Keep in mind that homes here are very expensive. I helped them ready the home for showing and sale. To be honest, I was convinced that the home would be on the market for a long time because of all the reasons mentioned in these videos. I was wrong! The home sold in one week. I understand that real estate is all local in pricing and demand, but I didn't expect this. I am happy for them as they needed to sell. The home is marginal at best with features I would consider big drawbacks for sure if I were buying. Hey, fundamentals also tell me that the stock market is overpriced, but then it just keeps going straight up. Things do not seem to be following investment rules used in the past. MMT lives and is strong......
    19
  4450. People who don’t live in SF thinks homelessness and crime is the main factor but its a small part of why businesses are leaving. Prior to the pandemic homelessness/crime was present and downtown was jammed packed with people and businesses. Remote work and the fact that these landlords were charging a lot for commercial real estate is why businesses can’t afford downtown anymore. I’m glad those landlords are getting what they deserve. Worked 15 yrs in downtown SF and was a fun city to be in. I only moved because of cost.
    19
  4451. "Can't afford either"- most of us
    19
  4452. Social Security is indeed one big ponzi scheme, but you have to include disability (SSI), survivor benefits to spouse and kids and Medicare health benefits in that $3,000 a month SS example.
    19
  4453. I started subscribing to real estate and financial channels because I know from many sources that events in general are going faster and faster, and channels like yours are vital to help the non real estate owning and not very active financially aside from household matters such as me to have a better chance to adapt and survive
    19
  4454. I say get married first. People don’t have to overdue it. You can get married at the courthouse and buy the house after. When you build back up finically then you can have a whole wedding.
    19
  4455. My God....these costs are unbelievable...
    19
  4456. 6 months of freezing gray depressing winters or 6 months of hot humid sunny summers where you can still go outside? Hmmmm.... ☀️☀️☀️☀️
    19
  4457. 10:19 I noticed redfin hiding the previous sale/rent data of properties starting last week. Trulia still has it for now
    19
  4458. 1. You can always sell your house, at a price others want to pay. 2. If you insist on your price, you may have to hold it forever. Millions of Chinese are sitting on trillions of equity too, but the inventory for 2nd-hand houses in some major big cities (like Whuhan, Hangzhou) can be high as 4-5 years.
    19
  4459. I vote for truth! Many in our country doesn’t even know what’s going to hit them down the road. I like that you keep it real, and you keep me thinking straight!
    19
  4460. Problem is, is that the prices are still insane in Florida no matter where you go or look in Florida. They’re still overpriced by 50%. It’s not affordable to live or buy home in Florida not like it was in 2017. Prices need to come down by at least 30 or 40% in order to buy something in Florida. and I don’t see that happening I see a correction but not a crash in Florida.
    19
  4461. Buying a house in the last couple of years, is more like going to the dog track with your money.
    19
  4462. I'm looking at homes daily online (Florida) and something I’ve noticed over and over again...They're totally empty, no furniture! I can't help by wonder who owns all these empty homes? Investers, flippers corporations? Prices are being reduced on most as well. Have to hold out, sellers need to starve awhile for the real deals to come.. Great video Michael.
    19
  4463. Yup that would be it for me. I’d be selling. Goodbye Miami. It was nice while it lasted.
    19
  4464. I paid off my student loans in full - if you took out a student loan you must pay it back - you signed it now pay it back
    19
  4465. I came across something similar to this "makeshift" boat/raft a couple years ago in Melbourne Beach although it wasn't as big but def makes you think twice about how good we have it here in the US
    19
  4466. The vacant houses and buildings will be future homes for the migrants.
    19
  4467. Rent out your bedrooms or two!!!! Keep that house
    19
  4468. Miami is following The Villages lead. Removing all forms and types of any affordable housing for the working class and then they can't find anyone to hire in order to work in their restaurants and small local shops.
    19
  4469. Just when CC debt & delinquencies are climbing, out comes another scam: Buy now pay later. Spending never ends, but it will. Vehicles repos all time high. 17.1% have $1,000.00 a month car payment. Consumers are going to take in the neck. I hope people don't expect prices to come down. News alert: Prices are NOT coming down. Ouch.
    19
  4470. I posted a video of a McD's east of Toronto which was almost empty on our March break week. Normally this McD's was packed during a holiday week.
    19
  4471. Go for a concrete dome house, virtually indestructible
    19
  4472. Throw a divorce in the middle of all this and you have a financial ruin.
    19
  4473. Fake listings@!! That explains so much of what I see here in AZ. Wow, you are great at educating others. Also, I appreciate you not involving politics in your videos. As soon as some millionaire on youtube starts complaining about poor people, I quit listening. I don't do hate and division of my fellow Americans. Keep up the good work.
    19
  4474. Loving my job cleaning buildings, and when i inherit a house in the next 5-7 years, the bills and taxes will be no more than 500-700 a month. Thank God! Its so hard out here for so many folks!
    19
  4475. Seen two houses in my area which is quite unusual stuck in pending for the last 3 months. Can imagine what their final payments going to be from what they originally thought. Also another house I looked at sold as is last year. The people were originally hiring repairs to be done since it's not livable. Then they started doing the work themselves. For the last 4 months no work's been done. Materials just sitting out in front of the property. I told my wife it will be cheaper to build a new home than to fix this one. Extensive termite damage electrical wiring exposed completely new floors needed new roof.
    19
  4476. Get used to the spending. Haven’t you heard? The 35 TRILLION dollar bill Is the new hundred.
    19
  4477. FOMO buyer says, "I feel like I overpaid for my house that doubled in asking price before I bought it." The rest of us thinking... NO SHIT SHERLOCK!!!
    19
  4478. I'm afraid to put more on my card other than my monthly household expenses. Those are automatically paid in full.
    19
  4479. The old saying about pre ww2 Germany where the guy left a wheelbarrow full of money outside of the bank. When he came out the wheelbarrow was gone “Stolen” but the money was still there as it had no value. That is an extreme example, but it happens look at Argentina’s inflation rate. It is an absolute must that they get inflation under control or you will have nothing left.
    19
  4480. California is great but its politics isn’t.
    19
  4481. I love your stuff - keep doing what you do.
    19
  4482. 6400 is nothing for credit card debt each american is in debt like over a 100k from their government
    19
  4483. Michael, you are correct. The food here at grocery stores is slightly cheaper than Florida. Ralph's and Stater Brothers are a little bit cheaper than Publix or Winn-Dixie. Sales tax is only high in areas like San Francisco or LA, here in Orange County is 7.75% which is only .75% higher than Miami. By the way, salaries here are easily 30% more than in Florida. As a software engineer, my salary more than doubled when I moved here from Florida.
    19
  4484. Midwest here. We bought our house for $320k and put down $139k, so our loan was for $181k. The actual loan itself is 1.99% for 15 years and it comes out to about $1160/month for principal and interest. It is definitely worth putting a big 20+% down payment to help drive down the mortgage cost, especially with these much higher interest rates. The only problem is lenders WILL try to get you to only put down 20% (no more than that) because they want a bigger commission. Just stay firm that you want to make a higher down payment.
    19
  4485. 130K subscribers, congratulations Michael!🎉
    19
  4486. You are wrong. It is not that the FED has not raised interest rates enough, it is that our government is spending way way way way way way too much money, that is causing the inflation
    19
  4487. Michael... Leaf blower and construction, no problem. You're lucky there have been no crazy dogs coming after you. LOL
    19
  4488. I think it affects the housing market for low income earners. There is already a shortage of low cost housing. Historically poor immigrants that come across the border are desperate for housing and they need help from church charities and government support. The Southern states are overwhelmed. Many school districts simply do not have enough money to support the tens of thousands crossing the border. More multilanguange speaking teachers, increase in free lunch programs, new schools need to be built, housing vouchers, etc. For the Americans that are struggling it makes it more difficult for them to get the same resources. Waits for affordable housing gets longer, rents go up as demand goes up. Its basic economics as demand rises and availability of housing shrinks the costs go up. And then it contributes to an increase of homelessness. The affects are primarily felt in low income households. Those in communities like Martha's Vineyard are not likely to be low income and are insulated by the effects of immigration. If you live in Washington State where we have large areas of farmland and orchards you see the impact as the number of communities that are Hispanic has exploded over the last 20-30 years. Entire cities in Central Washington have a high population of immigrants. It is quite a culture shock to see it now compared to 30 years ago(I grew up in the state). You also can see the changes in cities on the West coast and and we are starting to see more of a difference in Eastern Washington. Our demand for affordable housing has skyrocketed. And increasing that demand with mass immigration will only make it worse. I feel Americans will get the short end of the stick so-to-speak and our own American children will increasingly grow up in poverty.
    19
  4489. I know it's gonna be hard for a lot of families to get through the next couple months to years with everything costing more but the rainbow that's gonna come out of all this is gonna make a lot of people rich. So for now I'm waiting, saving, not applying for anything so when the time comes to strike I can make the best of those opportunities.
    19
  4490. Ugh. Them giving out more money is basically going to go to the rich that will buy up more properties to turn them into rentals and to the poor/grifters (who already get too many freebies) while people (who actually work) are stuck in the upper low to lower middle can't afford to buy a home.
    19
  4491. My family has practiced living below our means for years and years. It’s now paying off, even my oldest kid who called me cheap many times now sees the wisdom that was taught to me. The younger ones not so much 🤷🏻‍♂️ They think they need everything their friends have poor kids only have PlayStation 4 and not 5 😂 Always enjoy your videos. Thanks man 🍻
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  4492. I don’t know if it’s just me but I have seen tons of people doing Garage sales. Come to find out 2 out of the 3 houses I went to are selling their houses in the coming weeks… I think something is brewing on the supply side.
    19
  4493. Hello Michael, everything you talk about going on in Miami - is happening here in NY , very disheartening and 😢😢 take care....
    19
  4494. I remember NYC back in dah early 1970s. It was a crud of dishonor to say you lived in dah Bronx, folks sought to buy homes elsewhere, but look at the Bronx now!
    19
  4495. A lot of people can't think past the current headlines on CNN. Our education system is creating moist robots.
    19
  4496. Trendy markets will get slammed. Stable markets such as Boston will remain strong . Just like 2008 thru 2010. Fomo buyers in fomo areas are gonna get b slapped . Prices will dip but eventually run back up. Stay the course. Keep your buying power strong and scoop deals. Brokers were buyin em all up during the frenzy. That has stopped . Deals are making it back to market. Have fun and get yours. ✌️. Love your vids buddy
    19
  4497. Will love to see what happens when no one is buying starter homes and no one is moving up from their starter homes and gen Z starts deciding more and more to stay longer at parents home because they can’t afford entry-level rent. Like, how in the world are they going to expect people to afford drastically inflated rent or home prices if earnings have barely moved? Either it goes down or everyone across the board makes drastically more. No one will win in this environment. Not even investors.
    19
  4498. How will I charge my car if I live in an apartment or a rental house? They wont let you install chargers, and certainly wont fork over the cash to install them. The prices of electric cars are insane, the repair costs are insane, the batteries often cost as much as the whole vehicle is worth, and many of these old electric cars will just end up at the crushers or a landfill. So much for environmentally friendly.
    19
  4499. My air conditioner was out for 12 days. My electric bill was still around $750.😮 I’m starting to hang my clothes on a line at night . I wash my clothes after 9 pm, hang my clothes on a couple lines in my house and in the morning, I throw them in the dryer for just a couple of minutes. It has made a decrease in my bill.
    19
  4500. Nice to hear a young guy say that today's interest rates are actually right in line with historical rates. My parent bought a house in 1967 on a 6.5% loan and thought it was a good deal. When I bought my first house in 1985 the rate was 10.5%. even at that rate, my payments for the house, which included taxes and insurance, were less than what I was paying to rent a two bedroom apartment. I did put 25% down to avoid having to pay mortgage insurance. I also paid the house off in three years, so I didn't end up paying all that much interest. As Michael said, the 10.5% interest rate was more than compensated for by the cost of the house. Back then I paid $84K for a new build, three bedroom, two bath home on two acres. I bought the house during construction so we got to choose the interior finish details (flooring, paint colors, cabinets, etc.).
    19
  4501. Happy Sunday Michael !😊 I believe all these increases is happening due to global markets and tons of cash pouring into U.S real state markets! This is all by design to keep the prices high across the board so there would be no way to scape! That also goes for rental markets, as you see they build a so call luxury building in middle of no where and they charge the same rent as in some major cities! These investments companies even buy buildings and keep the units empty just to charge high rents or buy houses and keep on flipping them because they have unlimited access to cash they can sit and wait and change policies!! This is evil and it does not help anyone!!
    19
  4502. Success is a accumulation of successful days 😊
    19
  4503. I retired from a condo in south Florida, sold it and bought a 5th wheel trailer in central Florida and the land underneath in a 55+ community. That's what I can afford and it's turned out pretty well.
    19
  4504. My house in the French quarter in New Orleans was built in 1830 never left for Katrina I didn't even know the wind was blowing into I went outside they do not build houses like that anymore we also have citizens insurance we were dropped by Lloyd's of London
    19
  4505. I am old, and live in affordable housing which is run by the government. I hate it but I am thankful I have a roof over my head this is the last place I saw myself living. they spy on us there are camers everywhere. there a millions of rules and a big turnover. cops are here all the time. I am not happy here at all. but I can eat and still take care of myself. I know that I want to move asap. I guess many are going thru hard times as well. I have no cable, cell phone, I changed my insurance to save money.
    19
  4506. It's Amazing how everyone is hating on Florida all of a sudden. It must be the people who got priced out and are regretting not buying yrs ago.
    19
  4507. LOL: "recession." Please, we passed that long ago. Depression now or very very soon.
    19
  4508. Wait till you see what happens in the RV version of this! It's gonna be bananas
    19
  4509. It is inflation,and there is going to be no rate cut because of it
    19
  4510. I live in a working class New England town. Our median sale price is $620k. There's no freakin' way the bottom doesn't fall out of this.
    19
  4511. 15% unemployment 2024
    19
  4512. A lot of realtors took advantage of this boom, now they’re crying. You will be blessed because of your honesty and loyalty, I watch all of your videos!
    19
  4513. Everyone needs to start to sing, 🎼Riding the Storm Out 🎼. By REO Speedwagon
    19
  4514. HEY!!!!! I know what will fix this... How about ANOTHER tax cut for the rich!!!! Just give them the REST of America's money, surely if we give them ALL of the money MORE will trickle down to us, right??? RIGHT?!?!?!?!? Time to save for a passport...
    19
  4515. How can you exist paying 80k/y in property taxes alone?
    19
  4516. I got a raise to $19 from $17.50. And my wife got a raise to from $22 to $30. But the raise is NOT because of inflation. It's because we were due for them!
    19
  4517. I just have to say how much I love your interludes between segments. It's like watching an Ozu film; a little moment of zen between the drama.
    19
  4518. My prediction - home prices with drop, inventory will go up.
    19
  4519. As someone who wants a house in a couple of years I’m laughing at what some people think their place is worth… but I’m also dying inside a little
    19
  4520. People make fun of the lifted Monster trucks in Texas, but those vehicles are designed to move through epic flood waters. Often, those are the drivers who go around rescuing smaller cars who get caught in high water.
    19
  4521. I heard that the City of Sacramento Building Dept has begun to report to the office 4 days/week. I have a feeling it’s just a matter of time before the other departments and other government agencies begin following suit. The mayor is pushing to reactivate downtown again. I know quite a number of people working for the City and the State who relocated up to 3 hours away when the wfh started.
    19
  4522. Anna Maria Island is the best place in Florida I have been.
    19
  4523. NOT ENOUGH of a cut.
    19
  4524. Don't be like Brad!
    19
  4525. Michael, even though at this point in my life I'm renting. I am still in full prepper mode. When I moved into my apartment 6 months ago I still have resources. I keep my four years of food supply off the premises. I used to own a house up until July 2022. But just because you go from owning to renting, doesn't change my prepping status.😃
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  4526. I have many clients who moved from California to Miami and many of them are so happy , they say they are getting more for their money here , better views form their condos, no worries about fires and etc . The only thing most of them complain that there is no place to hike ! Besides that great feedback about this decision 👍🏻👍🏻
    19
  4527. Nobody knows where the market is going, it's all a speculation.
    19
  4528. I’m trying to convince my wife to move to Florida. She’s terrified an alligator will eat our kids, or crazy people she hears on the news from Florida are lurking on every corner. Meanwhile we pay $2,400 in rent in Monterey, CA. To me that makes us the crazy people.
    19
  4529. You're completely wrong about commissions being negotiable, Michael. On paper maybe, but in practice, most agents (I've been through many interviews) treat the seller like their employee. They say what the commission is & if you don't want to pay it they'll turn down your business. The next person will say the same thing, & if you don't live in a big city you don't have a lot to choose from. Now, in today's market they might have trouble getting away with it, but in general it's been that way for eons & is why price fixing is REAL, not a conspiracy, not a lie. Sorry but it's happened to me more than once.
    19
  4530. I moved to South Florida from Rochester New York in 1979. I was very much a city guy and loved brick buildings and downtown and the punk clubs and City Life in a big dirty City. I made it a year-and-a-half in South Florida and really missed my family and friends and City Life and decided to move back up there. I thought it would be a great idea. It wasn't LOL. I think once you've tasted tropical living, it's very hard to get out of your system and I used to literally dream of Florida every night once I moved back to New York. Plus I really hate winter. I moved back to Florida in the late 80s and have been here ever since and never regretted it. I have to say I do like California more than Florida, I happen to love LA and if I could afford it I would move there, even with all of its problems. There's just an excitement there and also the mountains are incredibly beautiful. But living in Florida is definitely not too shabby. By the way, I live about 2 miles from the ocean and other than being at restaurants that Overlook the ocean, I haven't been to the beach in about 5 years lol. I loved being a sun worshipper and going to the beach when I was younger but then you get to be my age and one day you look at your body and you look like an "everything pizza" LOL, and trips to the dermatologist are every 3 months.
    19
  4531. Paid off all my debt the last 3 years and just closed at 4%. Could have rushed and closed at lower rate. But honestly buy when it makes sense for you financially. A home is a home and shouldn’t be looked at as investment.
    19
  4532. "20 Million People Can’t Afford to Pay the Electric Bill" yet we have 40 + effing billion to give to dam Ukraine. WTF!
    19
  4533. Living 54 years in Miami I remember when today's 2M homes were 50K. Real estate used to be a bad investment until the 1980's when the government pushed it. The S and L blowup was the first bad result. It's good that you live here as you are one of the few new residents who makes sense. people like you thrive no matter whether the bubble is inflating or deflating As for businesses be careful when owning them jointly. I was involved in a couple and in the end didn't come out ahead. I don't play the lottery either. Would be better to throw money at Forex. I have said the same as you Americans are financially illiterate.
    19
  4534. Historically, people had short memories on the Florida hurricanes, but with insurance rates sky rocketing, these memories will be more etched in stone. Smart phones and readily available data are transforming the speed of transformation of the market. This was not the case in 2008. Great content and the shades you are wearing look great.
    19
  4535. Michael, you ask (probably rhetorically) how it is that squatters and others are NOT punished for the crimes they commit . Apparently the WEF is more and more successful: more wealth transfer from the middle class.
    19
  4536. Now that's really good content! It's great to see the progress of your channel man.
    19
  4537. Michael Keep up the Good Work ! Support from the UK 🇬🇧
    19
  4538. I left the U.S for good 3 years ago. It was a fantastic decision.
    19
  4539. I've got all the time in the world to wait this ridiculous market out. I could buy now, but I would be house poor and I've been around long enough to smell turmoil in the next few years.
    19
  4540. Nothing is stupid, if you're following a dream.
    19
  4541. They are not stupid they know exactly what they are doing! It is for their agenda...
    19
  4542. I knew suckering people to move to Florida with inflated prices was a big scam
    19
  4543. I am looking forward to 7 months of summer, instead of 7 months of freezing cold in Illinois. But it is my first year here, so we will see
    19
  4544. If I won the lottery NOBODY would ever see a change in my lifestyle. I'd still be up at Costco buying my sweetie a slice of pizza!
    19
  4545. One Mil and they couldn't Paint The Driveway
    19
  4546. Love your channel. A voice in the wilderness. Keep up the good work.
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  4547. I had to make a decision last summer when my landlord wanted me out of the house that we had been renting for 11 years. I could have found a place to rent and paid all of the fees associated with renting (deposits, application, pet, cleaning, etc), as well as paying more per month in rent. A lot of times the application fees are non refundable and you have to fill out an application for each property. Some of these fees were upwards of $300 per person and I had me and my son. That's a lot of money to potentially lose and I didn't want to take the risk of losing hundreds if not thousands of dollars by applying at multiple properties. Plus the rent for a 2 bed, 2 bath apartment was near or over $2,000 a month which was way over my budget. I had been paying $1,600 at the rental house and was trying to stay under $1,700 at the most. I decided to buy a townhome and have a monthly payment around 1,550. I have HOA fees on top of that but it's not going to break the bank. It was a hard decision to make and I don't know if I made the right one. What would or should most people have done in a situation like this?
    19
  4548. I battle with his alot. I first moved away from my home town at 26...best decision ever! My mother is 68 and has never left the city she was born and grew up in. She says that's one of her biggest regrets
    19
  4549. As a business owner, I am somewhat baffled about people refusing to go back to the office. At the end is the owners business / companies choice,They pay your salary! Some business will still have remote workers, this is their choice, not the employees. Open your own business then do what you like. As long as somebody pays your salary you must do what they say.Period! Or move on, it is your choice.
    19
  4550. Comparing Florida to California is like comparing a cheap old car to a shiny new BMW.
    19
  4551. I swear to god I heard "hair quality"! Probably the accent but don't listen to me I'm from Bahston MA!
    19
  4552. Between property taxes and insurance there is no way that I could comfortably move to Florida....vacationed in Cape Coral for many years and 2022 was my last time there....traffic is insane sat and watched three red lights to get through an intersection....wait at Sams to get gas for 20 minutes plus to save 10 cents a gallon....almost every restaurant has an hour wait....NOPE!
    19
  4553. It’s time your channel really blows up. These videos are too good. I keep giving a thumbs up on everything and commenting on as many videos as I can to try to get it to push through the algorithm, but not sure how else to help.
    19
  4554. This si the very first channel I look for when I get home from work every day. Reality may not be pretty, but this feels like getting and staying ahead of the game. Great walk and talk in some great neighborhoods and parks too.
    19
  4555. Who in hell would buy/live in a community full of renters? Who pays all the costs of home ownership in this scam?
    19
  4556. Im taking my queues from smart realtors like you. I know of 4 realtors who are renting and patiently waiting for the market to implode when they can snap up a home for a bargain. I don’t need another home but Ive got a few searches setup where I am patiently watching for a good opportunity to pick up something extra with a sweet, clean cash offer deal. Never let a good recession go to waste! 😁
    19
  4557. Thank you to our host for taking us along on tour and for this important segment. Always learn something. Didn’t know the Fed could lose $$$$
    19
  4558. Great advice Michael 👏👏 You always have the BEST information and I know that you do a ton of homework to bring this to us and I really appreciate that. Blessings, Carlos ✝️🙏❤️😊❗️
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  4559. Michael, hasn’t Florida always had hurricanes? Haven’t insurance companies always offered insurance and also made money ? Something fishy here.
    19
  4560. For the real estate market to be able to survive, there needs to be a crash.
    19
  4561. Companies can do this, yet 360 million people can’t?
    19
  4562. I was told by a long-term realtor that many high rise condo builders are choosing to keep the property and rent out the units for the first 10 years so they can control which “deficiencies” get fixed and which ones get lipstick. After the 10 year warranty period, they feel more comfortable selling the units without fear of lawsuits. Interesting.
    19
  4563. I'm aware of a couple who are eeking by on disability and some limited gig work - credit scores between 300 - 450, most of their income goes to hefty car loans and rent (they live in a property owned by their family, so pay about half of market rate) and seem to be under the delusion they'll find someone to give them a mortgage. They were denied last year when they had slightly more income. IMO they're not even being realistic - they seem to ignore things like PMI or that couldn't afford to care for a property and they've each lost homes in the past due to foreclosure and or bankruptcy. This might sound mean spirited but just as not everyone will benefit by going into debt for a college degree (especially in lightweight majors like women's/ ethnic / gender studies as compared to a solid STEM degree) - not every person is up to the long term responsibility of home ownership.
    19
  4564. The sad thing about these condo's is that if there never was that tragedy at the surfside condo's this new law would probably never would have been enacted
    19
  4565. 4 a half of a dozen that stops watching your channel 2 dozens comes aboard. You're great❤
    19
  4566. Wow!!! Only Michael can create interesting content while strolling through a food court 👍
    19
  4567. Ridiculous what’s happening in the Seattle area where I live. My realtor is the devil! I see many houses with price reductions and he’s insisting it’s still a hot market and I should waive appraisals to get above the bidding wars. Dude! IF THERE ARE BIDDING WARS, THEN WHY HAS THAT HOUSE THAT WE VIEWED LAST WEEK GONE DOWN $80K SINCE YOUR SUCKY ADVICE? Mama ain’t raised no fool!!!!
    19
  4568. “The real Michael has made his comeback.” 😂
    19
  4569. I use the alert function for any amount. Many times thieves will charge for small amounts just to see if it will run thru, then try larger amounts
    19
  4570. I think prices are going to do a reversion of their meteoric rise and go just as far below the mean as they were above. Real estate is going to be hated for no reason whatsoever for a while just like Nickelback. My prediction is that people are going to be able to pick up houses for much less than it cost to build them until it reverts back to the mean. Prices may even stay that low for a while depending on insurance company's willingness to insure them and banks willingness to lend. Then add in government meddling in eviction contracts like places in Commifornia, which may make it so difficult to deal with, individual investors may just give up.
    19
  4571. Nope not going back. Fool me once. When they made those small fries 🍟 that I could count 2.89, I was done ! They messed 🆙 and I’m done . They can go play with generation A , not me gen x here. Tired of all the bs & games !
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  4572. 🌴🌴🌴 Hi 👋🏼 Mike and Lisi Thank you for today’s News update. What a beautiful trail to hike. Stay safe and healthy in everything you do. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  4573. My 75 year old dad is having the ultimate retirement on a budget. After my mum died, he sold the house that they had from their 50 year marriage, bought a sailboat, and is sailing around the Mediterranean islands stopping for lunch each day at nice little cafés, and cooking fish and sausages on the beach. His English government equivalent of Social Security is deposited in a bank account, and he has far more than he needs.
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  4574. I hope a news source can do a follow up story or two of what happens to people who leave condos because of developers. I wonder if it generally works out for them.
    19
  4575. I love Miami- been living here 18 years… but the whole place is unsustainable now, even without these kind of incidents(which are the canaries in the coal mine) , it can’t go on. Very sad. I remember how it was in the 70s , much more like ‘old Florida’… but now, over development and catering to the foreign money speculators has destroyed it.
    19
  4576. Even with 66% of my net income going towards mortgage, I'll be one step away from bankruptcy. No thank you.
    19
  4577. Also Florida has better palm trees lol
    19
  4578. Too much can go wrong in a condominium building. It doesn’t matter whether it’s large or small older or newer. Elevators, swimming pools, water pumps, and central A/C when they go down can cost a fortune to repair/replace. Exterior walls and roofs are expensive to maintain also. HOA fees go up usually every year. The more staff the condo assn. employs the more you’ll pay in HOA fees. Always always always opt for a single family house with as much yard around it as you can find not part of any neighborhood association (usually gated community). Even Single family houses in gated communities can have ridiculously high HOA fees and unreasonable rules which owners must follow or be fined as was pointed out in the video. Very informative video.
    19
  4579. I'd rather live in my car 5 years than get a 30 year mortgage, biggest scam
    19
  4580. You are correct about Vegas. It will implode eventually. My townhouse more than doubled in value in 9 years. Crazy.
    19
  4581. Got a Tesla myself, got hit in a parking lot as we were in a restaurant by the drivers door minor ding caused the door button not to be able to work 1k bucks
    19
  4582. Maybe celebrities like Johnny depp and Amber Heard etc can afford to rent this home for $25K a month ! There are people who make less than $25K / year !
    19
  4583. 😊 think of all these people that want to divorce but they can't afford to because the cost of living😮
    19
  4584. I bought a 2010 Ford Escape. I'm on social security and I can afford it. I can work on it to a point. I change the oil and I changed the transmission fluid. I even put a new Exhaust system from the converter back and that cost $400. I had some help but I did most of it. I take care of my car and I'm 73 years old.
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  4585. Based on statistics, "paycheck to paycheck" IS the norm and less than 20% of Americans have more than 3 months income saved. Another frightening statistic is that more than 75% of Americans could NOT handle a sudden expense of 1000 dollars without needing to resort to credit cards.
    19
  4586. They have people losing their homes over HOA fees here in Colorado. It's very unfortunate for these homeowners caught in this predicament!
    19
  4587. I was almost the guy that fomo’d in recently. I’m glad things forced me to wait. All cash buyers put me in my place. It’s been awful waiting but I know it’ll pay off big once I decide to pull the trigger. I’ve never been in a better position financially.
    19
  4588. I just paid over $5 a gallon for gas, but its me huh?
    19
  4589. Prices need to go down 33% in prime areas just to get back to 2019 levels. The market is not going up like it was, but prices are not going down significantly either. People with 30 fixed mortgages at 2% are never going to sell. They will just rent out the property & take advantage of high the rents.
    19
  4590. Worse comes to worse if you lose house due to hurricane you still have the land. Sell land and move.
    19
  4591. People with no savings are taking Equity out of their house that's not going to end well
    19
  4592. Here in Rhode Island and nearby Mass, there ae NO small starter homes ever built. Only very large big price tag houses.
    19
  4593. This could be a boom for the construction trade. After Katrina, people came from all over the country to New Orleans in the aftermath.
    19
  4594. Keep your powder dry and your pantry stocked....I hope I am wrong!! But I doubt it !! Great depression 2.0 rolling in!
    19
  4595. Well this is what they wanted to happen.
    19
  4596. I’m so glad I was financially stable during this pandemic; and most of all… not stupid and greedy enough to fraudulently apply for a “PPP Loan”.
    19
  4597. Yep, the "ownership" one definitely. I never thought that would be possible under $200,000. Eye-opener!
    19
  4598. Lol I remember this stuff and falling for it back then. Now I’m in my 30s and make well over 100k and honestly now most of my shopping happens at Goodwill haha. We’re way too programmed as a society to overconsume and that lifestyle gets old pretty quick.
    19
  4599. Remember, it’s California. People are leaving the state
    19
  4600. Most people have no idea the power that Home Owner's Associations have. HOAs have a lot of power and can force a homeowner to sell if they stop paying HOA fees. There is little oversight on HOAs which are run by corporations. Serious power. People need to budget for unexpected increases on assessment fees, like what you're talking about here, Michael. Realtors will not talk about these fees. They just want a sale.
    19
  4601. People sold their homes for high prices then entered a new home with ridiculous rates 💯
    19
  4602. I paid cash, fixed it up and self insure. Bought cash after the last crash. I'm in central Florida and have been through several hurricanes. Rarely get sustained winds over 100 mph, but gusts can top that. Usually nothing worse than torn off shingles and downed power lines due to tree's falling unless there's a tornado which is quite rare and usually associated with the east sidewall of the core. I keep my trees on my property trimmed way up and thin the canopy to keep them from falling on the house. I'm amazed at the amount of people that don't tend to the tree's and keep them thinned out here in Florida.
    19
  4603. I got lucky this year my rent didn’t go up for the first time ever. I’m paying $1981 base rent for 686 sq ft in a high rise in downtown Austin. After all the bells and whistles I pay $2400 (all bills except wifi). I moved in 2020 and it was $1270. I could never afford $3900 a month in Austin even though I make about $150k. I am looking to buy an investment rental condo near the campus but they’re in awful condition, old and interest is still insane. I’m holding out until 2025
    19
  4604. Florida is quickly becoming unaffordable to 80% of the seniors,and young people cannot make enough money
    19
  4605. I don’t recommend arguing with a Florida State Trooper. It’s not going to end well. They still want the police in Florida.
    19
  4606. A lot of financial analysts are now saying that homeowners are raiding their retirement accounts and other savings to pay their mortgages and other bills. People are maxing out credit cards at 26% apr and we all know that's a very bad "money management" technique. People got addicted to free money and the government throwing cash at them, and now it's all going away.
    19
  4607. By the time that main stream media reports on it, we're far beyond screwed. All the predicaments that we are currently in originate from the fact that most of the people can't think for themselves. This economy is no exception. We would be lucky to get through this by just going through a deep recession.
    19
  4608. Unfortunately Michael I think us Floridians are screwed! My prediction it gets to a point where people can't afford insurance and lose their homes from mortgage companies putting on forced insurance. The people that own homes who can't afford insurance take a chance and when something hits can't rebuild. We had same problem with insurance after Hurricane Andrew in Dade County! The state allowed insurers to charge more and cover less not a real solution. Lot's of people leaving. Florida becoming the California of the East!!!!
    19
  4609. I’ve been a homeowner for 25 years. It has it’s pros and cons. I don’t blame renters either. Both situations have good and bad.
    19
  4610. Michael, there is a lag in the layoff announcement from a large company to showing in the unemployment stats of about 90 days due to mandated severance packages by the Feds. For those impacted in Jan 2024 it will show in April 2024. The Fed is looking at the unemployment rate for impetus on their funds rate. The delay in the stats and the delay in the action is not instantaneous. It is like turning a battleship so the public and investors will be more cautious reducing demand in the meantime. The wise ones will be on the sidelines, while the imperiled risk takers will jump in thinking if they don't the "good deal" will evaporate. Let's see who wins out, the tortoise or the hare. Good job!
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  4611. I disagree with lowering interest rates. Here's why. We will end up in the same situation of inflation again. Investor buyers will just come out of hiding and just begin purchasing again, driving up the cost of homes, and then rinse and repeat. Another wild housing market where homes hit the market and are bought after 1 day of being on the MLS. We need more structure and policy before the rates do anything except continue climbing to prevent anyone from buying a home. In the 80's and 90's, a mortgage rate of 8+% was common. Totally fine because it kept home prices in check. Everyone who worked could afford something. The ones who lose with low rates and low prices, will be the lower class. Low rates and low cost isn't sustainable.
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  4612. I sold my house in 2020 as the prices were going up, and moved into a camper. I'm able to earn an income via computer, so it's easy to work from basically anywhere. So I've been waiting to buy. Recently my realtor friend of a friend texted me to let me know how stupid I am for holding onto the investor mindset. She explained how prices would never come down again, and how I could date the rate later down the road. She really tried to instill the fear that I'd be priced out of the market forever, unless I acted now. I live in a small town and again, this is a friend of a friend.
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  4613. I sold one of our properties to opendoor at a great price. I was shocked at what they offered us. They sold it for less than what they paid about a year and a half later. I was thrilled with what we were offered. I was going to list for less.
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  4614. Quality over quantity sounds like a great idea! 😁
    19
  4615. I completely forgot what a mall looks like inside. I haven't stepped foot in one since 2019 due to the lockdowns
    19
  4616. Last time around (GFC), there were stories of people living in homes for many years without paying anything because the banks didn’t want to foreclose in a down market so they could keep house prices from falling further. I wonder if it’ll be a much larger number this time, both because so many people got used to living in homes on forbearance and not making payments and because people don’t trust the banks or the system as much anymore after all the ZIRP, bailouts, and concentration of wealth, so they would be happy to score a win against the banks this time.
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  4617. HOA dues on a condo may by high, but it includes your base building windstorm and flood insurance. Not only will getting windstorm and flood insurance on your single family house cost a fortune yearly, your property is more likely to be flooded in a major hurricane. It's also been my experience in the Miami area that power is usually restored more quickly after a major storm in a condo building than they are in a single family home. It's also a bit of an oxymoron, but property along the water won't stay flooded as long after a storm because the water all drains off quickly. Homes in the western suburbs could sit in flood waters for days or week as it slowly drains.
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  4618. Twenty-seven years ago today my husband and I, along with our two Golden Retrievers, immigrated into Los Angeles from N. Ireland. He was 50 and I was 41. We left everything behind, including a beautiful house in the country which sat on half an acre overlooking a river valley at the rear, and a lake surrounded by woodland at the front. This was so hard to leave as we knew we could never afford a property like this in Southern California! BUT NOW, we are 77 and 68, respectively, and are planning to relocate to Florida from SoCal. Yes, it is scary - but do not let age stop you. You make me smile when I hear your concern about moving at the grand old age of 33, lol, lol... Starting over and taking a chance is all part of the adventure. Good luck. You can do It! And so can anyone else who reads this. Go with your gut.
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  4619. I’ve been looking for a home for the past two months everything is overpriced. The homes are not anywhere near being perfect for the amount asked.
    19
  4620. I'm def not one to pay hundreds of thousands of dollars for some trash level home depot refurb flip lol. Me and my lady will 100% just live in a home that is not so nice, and slowly over time fix things up!
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  4621. Social credit scores are more important than profits. Just ask SVB and Bed, Bath and Beyond.
    19
  4622. Higher interest rates are already doing the trick. They’ve nearly doubled in a few months. Just give it a little time. But yeah, job losses will make it even worse.
    19
  4623. South Florida real estate is only for the rich now. Home owners insurance are requiring people to replace roofs that are 10 years old. Who can afford a 20-30k new Spanish tile roof every 10 years? The average home is 500-800k which translates to like 3.5 to 6k a month mortgage for a house that is basic in every sense of the word. Totally unsustainable.,..
    19
  4624. What about rentals? They raised it 30% from last year here in Sarasota and now a third of the apts have been vacated.
    19
  4625. In 2010, my father and I purchased a 3000 sf FL house three blocks from the beach for $190K ($95K each). (4 br/3 ba/5 car garage/large work shop/large utility room/corner lot/very nice walkable neighborhood.) Our intent was to remodel it and live in it together while my father got older. Well, after spending another $15K each over the subsequent 5 mos., the arrangement soured, and I moved to a rental 3 blocks away. A few months later, I sold out my one-half share of the property to my brother, incurring a $20K loss. Fast forward 13 years, my father is still living in the home on his own, and the market value of the home is $800K! Best investment my brother ever made! Worst investment I ever made! Lesson learned: do not buy property with family members.
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  4626. I majored in accounting and I can assure you, big corporations have a hundred ways to make themselves look profitable or unprofitable, depending on their goals...for awhile. Eventually, gravity must be obeyed.
    19
  4627. The fed has said on numerous occasions they would never ever pay off their debt. No way no how. Sooooo 😅😂
    19
  4628. Who needs a $150k monthly rental?? Just hope they also donate lots of money to people and animals in need!
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  4629. Insurance is a mess here in Florida! A lot more people are going to self-insure if they don't have a mortgage. Thanks Michael and Happy Wednesday!
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  4630. Your comment on the 70's to 80's change...society became an "I want everything and I want it now" society. All of a sudden, the younger generations had to have a tv in every bedroom, two high end cars, large homes that were for show but they couldn't quite afford to furnish them. The list goes on. People themselves (not in every case) have to accept part of the blame.
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  4631. 🎉🎉🎉 Whatever happened to the good old days when you could just buy a property with 20% down for 30 years and know that you will be able to keep up with all the payments??? Things have changed so much in the last 10 years or so. Something has to happen to get to a new normal 😢. I was very fortunate to be able to buy properties and make money 💵. Things just Suck these days especially for this generation 😢. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  4632. Rent is going up like crazy I moved from Massachusetts to Florida because my 2 bedroom apartment went up from $1,500 to $1,700 and now my one bedroom apartment of $1,335 is going up to $1,555 with a 1/2 the salary from Massachusetts it's crazy
    19
  4633. A wise man told me, don’t get emotionally attached. Be ready to walk away
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  4634. Open Door was also fined $62,000,000 recently for deceptive practices
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  4635. Even with a mortgage (death contract) people are still just leasing the property, because surely... if they miss or skip a payment - guess what? 😳
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  4636. I received my degrees by working my way through college. Remember that?
    19
  4637. Buying and selling homes is stressful at the best of times. Economic uncertainty is the cream on top. Patience folks, my prediction this won't end well.
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  4638. Say what you want, but this is a leadership issue in these cities and states. Straight up! It all goes back to leadership and the policies they put in place. If they put the smack on shoplifters it won’t happen as chronically as it does now. It’s leadership. This is the result of being soft on crime. Period.
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  4639. My dude, please organize and participate in a building fire drill. Look around your building. How would you evacuate the quickest? Now imagine part of the building had collapsed, how would you then evacuate? What spot would your family gather together if you were separated? What is your backup meeting spot?
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  4640. I've always owned single family homes. After selling my home this year, I'm renting and waiting to see what the market does. I considered a condo for my next place. Now....maybe not.
    19
  4641. People need to stop looking at payments and look at value. Who cares if you can afford a payment on a 350K house, is that house worth 350K? You should be asking that.
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  4642. This is one of my favorite beaches on the east coast. It's close to St Augustine. It may not be for everyone, but it suits me right down to the ground. I don't go to beaches for bars and restaurants anyways. I like the isolation factor. That's why I prefer the Forgotten Coast of Florida along 98 from St Marks to Eastpoint and Apalachicola, and further west to Mexico Beach.
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  4643. The “test” for an EV potential owner would be to ask the car dealership its value upon trade in.
    19
  4644. When I was in lending years ago, we would log on a website to see if that HOA was approved or not. Our underwriter would also require a Condo Certification prior to loan approval.
    19
  4645. I was born in 1970 in Miami Beach and grew up in different parts of Miami most of my life North Miami Keystone point and Aventura before it was hell. I’ve been on and off up in Stuart for the past 16 years and it is changing for the worse in every way. Becoming very expensive and crime is on the rise
    19
  4646. I like Naples as a good “escape” from Miami Beach every once in a while.
    19
  4647. I am 56 years old,I still buy $13.00 shoes at walmart.i use shoe inserts for added comfort,at the end of the economic day, I win!!!😂🎉😅😊
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  4648. The rent is too damn high!
    19
  4649. Florida has gone insane with home prices. I love the place and its beautiful in most places but property prices are batshit insane. I thought Phoenix was insane, Florida is on an entirely different level of insane. I wouldn't buy anything in FL.
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  4650. DOOM AND GLOOM IS THE WORLD 🌎 WE ARE LIVING IN. You do an awesome job of presenting the current status of the economy and especially real estate. It’s always good to talk to us without sunglasses 😎. It feels like more of an honest conversation. But when it’s Sunny ☀️, of course wear them. I look forward to watching your channel every day. Thank you Michael. , Carlos
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  4651. You have 47k subscribers Michael (myself included). You could fill a small stadium with your fans.
    19
  4652. School isn't in session, so that's why the traffic isn't as bad.
    19
  4653. So those guys are trying to make $700k in 1 year!!! Unbelievable Aholes
    19
  4654. For the last 20 years I have been driving old cars that I can fix myself, always get liability coverage only so, if someone crashes my car I will just buy another one with the money I saved.
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  4655. I will keep renting and be happy about it. I know several people who bought homes during the plandemic and now they can’t afford their homes. People didn’t factor in for increase in property taxes? I pay through the nose in Phx and homeless people are filtering into the suburbs like crazy. It’s like watching a movie of a city going to hell. But when my last one is out of high school I can walk away not worrying about selling a place. 5 years but who is counting lol
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  4656. When I tried to refi my house in 2003, the lenders tried that “you can always refi” line with me. Luckily, I had a very nice outside loan officer w tell me everything NOT TO DO, & said do a fixed, not an ARM. I walked away from the closing table. And then the 2008 crash came, home prices plummeted, so no one could refi.
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  4657. my brother lives in Dallas and as bad as it is there for cost of living he's constantly pointing out how much worse I have it in Ottawa, Canada.
    19
  4658. I totally agree. We have so much people who have to pay up on rents and forbearance on homes. Look to banks, car dealers to see the slide down which was the same in 2009. Just started the set and wait it out wave. People need to be patient.
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  4659. Fear is the mind killer, no one should be worried. If anyone wants to move to Florida then go for it. I live in NYC and I work near Times Square which is a lot worse than all those cities that you mentioned and I don’t worry. I live in the hood too and I mind my own business. When you fear that’s when things happen. I’m still saving and eyeballing Florida as my destination to move next. Namaste 🙏🏻
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  4660. I completely agree with you! Not many people can afford the new housing market!! I’m out!
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  4661. I bought my first house in Chicago in 1974. The seller held the mortgage for 6% when interest at the time was much higher. It worked out great for me being only 21. I lived in that house for 22 years. Purchase price ? 26.000.00 !
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  4662. Remember folks, the home itself is not what has appreciated so much in such little time. It's the land. It's all about the land. Your house could be a shed, but if it's on desirable land, it's worth "millions". The structure itself naturally depreciates over time, unless you spend money to maintain and/or improve it (ie why for primary residence owner occupants the IRS allows you to add improvements to the cost basis when you go to sell, which reduces your capital gains taxes from the sale....and for real estate investors, they get to take structure depreciation over 27.5 yrs).
    18
  4663. Awe thanks for the motivation and support to us to not give up. This is so stressful not being able to afford a mortgage in CA with a family of 6. It stinks. We will stay the course.😊
    18
  4664. I was about to give you a hard time for going to gold and silver but stopping short of guns and ammo. Lol, but you went there. Good job Michael.
    18
  4665. Thumbs up for the iguana
    18
  4666. SPS was my mortgage company in the last downturn. They would not work with me at all. If they're going under, it couldn't happen to a better company.
    18
  4667. the wage crisis is pretty extreme right now, and people will seriously defend it saying poverty is a choice... no one thinks mcdonalds workers should get doctor sallaries but lets be real. anyone willing to work full time should be able to afford basic needs like rent.
    18
  4668. When we talk about insurance we should include trial lawyers! In New Mexico we have a doctor shortage as it's too easy to lose everything to a few lawyers and dumb juries. Good doctors leave the state to California or Arizona where they can't lose their collective shirts, people forget tallent has feet and moves to safer states. The doctors that remain have little competition and act like premdonas when many are just average. The premdona attitude pisses off new doctors who leave due to the existing bad attitude. An obgyn insurance policy is more than $500,000 per year or about $3000 per birth attempt... Birth is a messy process and nearly 50% of all pregnancies end in miscarrage or still born yet a jury of religious folk won't believe facts as giving birth is "perfect". "We have to have an unlimited right to sue" the trial lawyers motto... runs up the tab and results in very average tallent pool where applicable.
    18
  4669. The whole reason why is every single individual? You have to pay to prosecute. You have to pay to get them arrested. And then you gotta pay for the procedure. That's a lot of money before anything's actually sentenced and carried out.
    18
  4670. If people couldn't afford a car..whyd they buy one in the first place. Repossess them all and let prices fall too.
    18
  4671. Up here in North East Ohio I'm seeing sellers accepting offers 30k less than asking (based on 138k asking price) There is also big price cuts on some of the homes on the market. Glad I waited!
    18
  4672. Yes. I don't like tall buildings to live in. I find elevators annoying because at any time they can break down.
    18
  4673. I want to hear that the house prices in my area are finally going down but they are not 😒
    18
  4674. You are a TRUTHER Michael ! Don't change...
    18
  4675. Buy an electric car and put in a storage facility in California. Then u can fly back and forth from florida to California and use the electric car for short cruising fun. Buy a portable Honda gas generator and charge the electric car up with that. Eliminate the long boring road trip,just a thought.
    18
  4676. To go over 30% of your income in your home payment, you have to be certain of your income. It must be very predictable.
    18
  4677. I’ve lived in Los Angeles my whole life. The homeless people WANT to be on the streets. They love not having to pay rent or have any other responsibilities. They aren’t starving either, trust me. Sounds harsh but it’s true.
    18
  4678. Hello just found your video when looking for info on the collapse of the condos. Now I'm really sad. Your video showed why people wanted to live there. I really appreciate you showing the flowers and the sky. I will now spend time watching your channel. Thanks for sharing!!
    18
  4679. I live in Toronto, Canada and this rent issue is a huge problem. Renters pay first and last and then don’t pay rent knowing they’re untouchable under the laws. They know the waiting list for court hearings are 1-2 yrs so they end up living rent free for that time and then move out 1 week before the hearing.🤦🏽‍♂️👎🏽
    18
  4680. I love your videos about the economy. You make the situation very easy to understand. Please keep doing them.
    18
  4681. It's just nice to see you both in the walk together! 😊
    18
  4682. Don’t get married at all, if you don’t want to get ripped off
    18
  4683. Saw some negative comments about you being a fear monger, but I don't believe that. You are making statements based off of data and trying to educate people who will not research themselves. Keep doing what you do bro🔥. Honestly you talked me out of moving to Florida based off of data, which is a good thing in my opinion!
    18
  4684. The courts stopped the loan forgiveness thing again. Those bums need to pay up.
    18
  4685. Interest Rates do not matter like they use too because a home in Florida has five components now. #1 wind insurance premiums and flood insurance, #2 monthly HOA fees, #3 Electricity cost, #4 Interest Rates and #5 Taxes. These cost all factor into your monthly nut you pay. So you see a slight savings in interest does not give you a big reduction in your monthly outlay. Plus qualified Doctors and hospitals are becoming scarce in Florida. The saying a few years ago was, What is the number that you call if you get sick in Florida? Is It 911? No, the number you call is 1-800-DELTA. Plus your one county commissioner election away from a socialist group taking over and taxing you out of prosperity. It was hedge funds who starting buying up Florida in and about 2017 which pushed these prices way up.
    18
  4686. The key to making it in California is earn lots of money or work and have a side job off the books, tax free income is a solution.
    18
  4687. No, there is no "free" money -- the banks will make WAY more in interest from you than all those costs they are willing to cover upfront. They'll get all that money back and more just in the first year, most likely. You most likely won't default in the first year, so by the time you do, they will - have made a ton of money off of you - and will take the house back from you anyway
    18
  4688. There are two things you cannot change when you buy real estate: the location, and what you paid for it. Choose wisely.
    18
  4689. I mean they had 3 years to pay it down interest free...
    18
  4690. I would not want to entrust the safety, upkeep, and maintenance of my residence to a Homeowners Association that may be cheap, incompetent, or political. Reading about the tragedy, much of the board quit out of frustration having been unable to get an agreement to get the repairs done quickly and properly. The building flaws were well-known but didn't get fixed in time. No thanks. I'll pass.
    18
  4691. A lot of disrespectful people. They trash the place and don't care about the distruction they cause. They don't care about the people that have to pick up after them. 😡
    18
  4692. That’s 99% of realtors today they are the wickist scam artist u hit the nail on the head this time 👍🏽
    18
  4693. Great information Michael. I understand that people want to make a profit, but at what point is the line crossed? The US is becoming unaffordable for the middle class. This must be the great reset.
    18
  4694. Not related to grocery stores, but when I lived in Maryland about 8 years ago, I was in my first year of college and was working at the mall at Old Navy. I would see people fill up whole bags (or multiple) and walk right out the store. We actually were told to just let them go. I would make eye contact with the people leaving, and just go back to what I was doing. I was just a cashier and clothes folder, was not my job to step in, nor did I care to step in. I had a weirder experience, where I had a woman come up to flirt with me while I was folding. After talking, she asked me if I could ring her up. I was like sure, thats no problem. But then she said, "When you do, can you ring up only 5 items, then just put the rest of the items in the bag?". I told her no, but really shows that they don't care at all.
    18
  4695. Yes, Michael, there are a lot of trashy homes for sale out there. I will be closing on a 205,000 2 bedroom 1366 square living, brick, and 2 car garage. 500 HOA a year on over 55 years of age. It was built in 2001, and the lot is over 6000 square feet. Included with my deal is water softener, sprinkler system, stainless appliances, storm windows add on, large tumbler washer dryer, 40 inch t.v., curtains, many cabinets inside the garage, new composition roof, and high ceilings just to name a few. Also, access to hot tub and pool among other amenities. And to boot at 7.1 % interest 30 year rate. Welcome to South Texas Rio Grande Valley. Oh, I filled up my gas tank at Sam's Club for 2.95 cents a gallon.
    18
  4696. I should definitely move to Florida. I'm tired of being stressed and depressed in Jersey. Mind you high taxes too.
    18
  4697. Damn Michael you just killed me when you said you were on the older side at 33 ! LOL. I'll be 66 next month. Seriously though as usual you give all good advice. I believe you only live once and there's nothing worse than regrets about what you wish you had done, but you are right about having to do the research. I moved to South Florida when I was about the age you are now actually and have never regretted it and as I've discussed before, I flourished in so many areas I never knew I had talent in. A good friend of mine moved to San Francisco from Boca Raton at the age of 62. Yes he had a little money but not a fortune and everyone advised him against it and he has flourished and made an amazing life for himself, and when you can do that in San Francisco you really are lucky. ( okay, he's just over the bridge.) But ultimately I believe life is short and if you really want to do something, you should do it. By the way please forgive me this is off topic, but have you ever eaten at Chocolada on Hollywood Boulevard in downtown Hollywood? I went there for the third time yesterday and the food is absolutely amazing, very European service and food, with super cheap prices. I don't often indulge in deserts but their pastries and desserts made in house are out-of-this-world as are their omelettes and everything else. You might want to take a ride down there someday it's worth it. We had iced coffee, espresso, a fabulous three-item omelette with the most amazing roasted potatoes and homemade toast, eggs florentine with the same potatoes, and a chocolate eclair to die for. 30 bucks total!
    18
  4698. Glad people caught on to the greed of the seller or sellers of high priced homes. Just price your homes accurately and fair, and it will get sold. People need to do their own research and not really rely on real estate agents.
    18
  4699. Time to enjoy the best real estate advice on the internet!
    18
  4700. My county in Texas does not even have county inspectors. Build or buy at your own risk in our county.
    18
  4701. This is why people need to change their bad attitudes toward retail and restaurant workers. Most of these workers are your neighbors and good people getting underpaid and overworked just trying to make a living. I have no idea why people think they can go into Walmart for example and act so crazy toward the employees? I see it all the time online and when I go to the store.
    18
  4702. Warms my heart to NO END watching all thE DUPES buy property at the TOP of the largest BUBBLE in our lifetimes, and then Remodel it all. Lol. Half Price is on its way
    18
  4703. Some firms are asking for folks to be in the office 3 days minimum a week. They are tracking their employees via their security badge so they know exactly who is coming in the office and who isn’t. Who’s getting fired first?
    18
  4704. Honestly, it's refreshing to see a problem identified and legislation enacted to solve it effectively, even if that means I lose access to Airbnbs, which I have used for many trips overseas and love. I wish our national politicians would get in gear and start solving a few problems...
    18
  4705. I was 99% remote for 7 years and laid off two months ago - I was making 40% more than my teammates and the new managers didn't want to pay for it.
    18
  4706. How does paying up to $20000 for Student Loans fix anything? It would work opposite as schools will charge more knowing the Gov will pay some of it. Crazy Country
    18
  4707. If you can find a small building like say 10 or less apartments it’s not bad cause most the time there’s a property manager that lives their and you get to know them since it’s small building and any issues can be solved pretty easily
    18
  4708. The men living in the basements are the Internet trolls.
    18
  4709. Great grandma lived to 100 and grandparents in their 90s. I think I might be here awhile
    18
  4710. The CA DMV didn't get my change of address and charged me for my RV. I sent letters to the tax board but never heard anything, 2 years later they reached into my checking account in another state and took the money. I just let it go but they did the same thing the next year. I then wrote to the CA DMV and they checked and gave me a refund, they were pretty cool about it in my case. What surprised me is they could reach into my checking account.
    18
  4711. I’ve been a full time agent for 17+ years. At this point, I’m having trouble advising folks to buy. It’s a catch 22 because ultimately, my job is to sell homes and I only make money if a home sells. If I was simply giving advice to buyers, I would recommend folks to hold off and let things cool down. Thus far, we are seeing DOM’s going up and some price reductions but those reductions are from CRAZY overpriced homes dropping down into still VERY overpriced and unaffordable with rates now at 6%+. We need to go back to February of 2020 pricing and add about 6-8% (3-4% per year for the last two years). A home that was $500,000 in early 2020 should cost about $520,000-$530,000 in present day. I do believe we’ll get to the above — I just think we are at least 8-12+ months from seeing it happen. The only way to do it is to raise rates to 8-9% in late 2022 and into 2023 and I hope the fed does it — even though I am aware it will likely halt my business and make it challenging to transact real estate. As stated in the video, the fed should have raised rates in early 2021 and now we are all paying for the free money that was given out.
    18
  4712. We could use a man like Paul Volker right about now!
    18
  4713. My company has an entire branch of WFH (work from home) employees and our company's production has plummeted. They're starting to see the connection and are slowly calling them back to the office. True, overhead costs are lower but many aren't carrying their weight so it's back to the office!!
    18
  4714. I don't get it man, why do people keep getting fixated with the rates instead of the expensive house cost. Like I rather have a $250,000 house with a 7% to 8% rate than a $500,000 with a 5%. Like am I stupid for thinking like this? (Don't answer that, I'm dumber than a bundle of rocks).
    18
  4715. I think today is my last day watching Dan's channel. The sponsors he's started to take on along with the multitude of ads are one thing, but lately he and other channels have entered into this non-stop, incestuous relationship. It was cool to see them pop up on each others channel in the beginning but it's ALL THE TIME, NOW! I started watching your channel a few weeks ago and am enjoying it.
    18
  4716. I remember when you could buy a south beach house for around 30K. Amazing anyone would pay a fortune to live on a sinking sandbar that will be below sea level in a few decades. Very nice that you understand how the Fed is the source of these endless bubbles through their manipulation of the bond markets.
    18
  4717. Although I agree with most of this I tend to think that any real estate in major cities, small desirable towns, waterfront etc.. is not gonna go down any time soon due to lack of inventory and sellers. I also don't think the inventory situation will improve until rates go down significantly. I think sellers have finally realized that they are kinda screwed for the most part. And obviously so are buyers. Especially the sellers who have owned their properties for a super long time. Their current taxes are locked in at a super low point and any new purchase they make at today's inflated values just creates a tax and insurance problem that is not worth dealing with for a lot of potential sellers.
    18
  4718. I really appreciate your honesty with your subscribers. It’s pretty obvious that you do a lot of homework to bring us this daily information. Hope that all is going well with you and Lisi. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    18
  4719. I just moved from Miami to Pembroke Pines. I have been watching rents like a hawk from Miami all the way to Plantation for about three months. RENTS ARE GOING DOWN. Home prices are also coming down. There are still plenty of realtors looking at comps from six months ago and creating listings for top dollar but all that’s doing is increasing the DOM. A “crash” may not happen but the trend is definitely moving downward. It’s only a matter of time before the national averages reflect.
    18
  4720. Hey Michael, we recently moved to FL from RI. We sold everything and drove down with nothing but our clothes and positive vibes! I watched MANY of your videos before my move to be sure that Florida was for me. So far, this has been the best decision ever! I'm starting to share my journey though my YouTube in hopes it will helps others the way your videos helped me :-)
    18
  4721. Great podcast keep up the good work. I get more out of this then the talking heads of the TV media. 😊
    18
  4722. Buying a place in FL this year has been challenging. I'm currently under contract for a place that my agent knew about before it hit the market and buying off market honestly seems the way to go if possible.
    18
  4723. It's the little costs that scares me the most about buying a house. I think a lot of people focus on the price of the house, their interest rate, and nothing else. But it's the little nickel & dime costs that will get you. The beautiful thing about renting is predictability......at least for the life of the lease.
    18
  4724. My job already did this. Laid off remote workers that refused to come back or encouraged them to quit. Many of the remote workers were too comfortable as well "I doubt they would do that. I'm out of sight out of mind". Welp now you're out of sight out of mind and out of a good job..
    18
  4725. The lot rent is too damn high!
    18
  4726. "Stop spending money you don't have to impress people you don't know." -Dave Ramsey
    18
  4727. It looks like I'm going to have to consider getting my folks out of West Palm. My parents condo is from the late 70's I was just down there and all they are building is high end high dollar condos!
    18
  4728. Serious question, what the heck happens to the housing market when all the boomers pass away? Won't we end up with a glut of housing? Have you ever considered doing a video on this?
    18
  4729. Where I am directly around me prices are dropping around 10k every few weeks, until they hit like $350000 then they disappear off the market instantly! People are starting to realize they aren’t gonna be able to sell very far above that (3 bed 2 bath for over $500000 still on the market for nearly 2 years now in some spots, super ridiculous!)
    18
  4730. In reality it's a shame it takes a recession to handle greed and these greedy people never understand it will catch up to them eventually and the economy has a way of bringing these individuals down to earth and when these same greedy people get a taste of what they have done to others it can be an eye opening experience for them and right now greed is rampet and the piper is coming for them one by one it's going to be interesting this time next year
    18
  4731. I’d be surprised in a year from now if we even have a company called Opendoor. It’s about to be closed door… damn Michael that line had me dying.😂
    18
  4732. Even $5 i dont want it, i havent been inside there eating that garbage for over 20years. The dumb and poor they love that stuff.
    18
  4733. Michael you are absolutely right, I must tell you I have no debts at all myself. But is not common. In general rich people are the most in debt as they do not like to work with their own money but with others. A clear example is American Express and their black card. You cannot apply for it, you are invited to get one. They are very rare and they have absolutely no limit. But only specific people can get it. I have a friend that is rich, and desperately wants one. He spends over 100K each month on his Amex, to me makes no sense, I have one and did not want it nor I am aware if still active. I actuality never use it. Now Visa as come with a black card as well, which you get invited to join. My mother said to me, if you cannot buy cash, do not buy it, regardless of what it was. That is where people said they cannot save money because of car repairs, rent etc. I say to them, live under your own limits. Trying to impress people does not feed you, and you have a big chance to go BK.
    18
  4734. You can only look at the ocean for so long and walk on the beach for so many times......after that, you will get bored....and the ocean and the beach will become so normal that you don't even notice they are there anymore........but you are still stuck with the high monthly mortgage payment..........
    18
  4735. "Step right up folks. Best time to buy ever! Lose your shirt and underwear the easy way or I starve" Joe Realtor
    18
  4736. Fact: You simply can’t borrow your way out of debt.
    18
  4737. It's a rough spot to be in. Just letting everyone go homeless and lose their jobs in the hopes of it all sorting itself out probably won't go well either. It is maybe a lose/lose.
    18
  4738. So true wages don't match housing cost for most. Happy Sunday Lizzy and Michael, Thank You! Hope you two are enjoying your travels.
    18
  4739. I think your advice is the absolutely responsible position to advocate right now, Michael. All of the uncertainty around us today is quite unsettling. I'm maybe five years from full retirement age here in Florida, but I can't see that happening to be honest. I've come across another utube channel similar in content to yours that parallels your point of view very nicely...ThisisJohnWilliams (all one word). Thank you for these great uploads. And yeah the perimeter recording voice house was a little creepy, but I don't blame people for upping their security game, especially these days.
    18
  4740. I'm thinkng about abandoning everyone from CT and moving there.
    18
  4741. Thank you for covering AirBNB. I live next to one and there are continual issues with all their "guests" blocking my car. Essentially you have a commercial business in a residential zone. I foresee more litigation.
    18
  4742. Very informative, and true. I've always said renting is sometimes better than owning. I just replaced a 2 ton A/C $5500 crazy. Roofs are 1100 a square and on and on. Taxes are going up in Dade, voters voted in an increase for the overpopulated schools, insurance etc.
    18
  4743. I talked to a realtor this weekend who said she's selling all of her single family home rentals. The reason? She increased the rents on all tenants to "market rates" (I'm guessing huge increases), several of her tenants got angry, trashed the properties, and then moved out without notice. She took me on a tour of two of the properties--huge damage but she said she was getting an insurance payout to repair them (but her plan was to take the insurance money and not do the repairs, instead selling the properties "as is"). She said "a lot of landlords are selling their properties for the same reason." Hm, it's almost like making people pay 60% of their income for a dilapidated house angers them, especially when you slap on a double digit rent increase during the worst inflationary crisis in forty years. I'm guessing this is the future for a lot of landlords. As the old saying goes, you don't know where the line is until you cross it, and then it's too late.
    18
  4744. Airbnb investors are getting crushed and last summer is about the time I started seeing tales on Facebook asking if anyone else was having problems getting guest. Went from 75% to 0% overnight. That house and all the other FOMO Airbnb investors are going to foreclosure.
    18
  4745. We can live with these huge tax, homeowners ins. and inflation costs by living with bare minimum purchases. Anyone who has lost a job or ability to bring in money knows that doing without is the only way to survive and it sucks.
    18
  4746. Well they don't call it the "Redneck Riviera" for nothing. But the Panhandle is still on my destination list regardless. Some of the best beaches around.
    18
  4747. Thank you for this amazing, informative video, and for being so honest!
    18
  4748. More and more EV buyers are reporting remorse these days.
    18
  4749. New Manufactured homes Can be super energy efficient and provide a low maintenance alternative, but your advice is spot on / buyers need to do their homework and make sure the location and demographics are of quality.Also I agree /// Own the land, I have seen new park owners forcing everyone out so they can sell the land to high end Home builders.
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  4750. I purchased 5 acres with a mobile home in Florida on a dead end dirt road in 2005. All I really wanted was the land. Since 2005 the road has been paved, city utilities put in and an elementary school built half a mile away. McMansions are being built all around me. My mobile home is falling apart due to my neglect. My job requires extensive travel and I'm away for months at a time. I pay my nephew to maintain the yard while I'm gone. Thankfully my home is barely visible from the street thanks to some thick azaleas and dog wood trees. It's a beautiful piece of property. At first I wanted to retire and build a house there but I have since decided to just move the old trailer out and replace it with a new and much smaller mobile home. I had a big vision of what I wanted in 2005 but I'm much older now and more practical. My mortgage is $450/month and will be paid in full this year. The home is in terrible condition and I sometimes wonder why not just get a hotel room for the brief time I'm home. I've had friends and family offer to rent it as is for $1,500 a month but I don't want the headaches of being a landlord. All I want is the land. If the county won't let me move the trailer than I will tear it down piece by piece. Did I mention I just want the land. A piece of dirt to call my own. I wouldn't sale at any price.
    18
  4751. Don't you hate it when you have to maneuver around all those inconsiderate car owners that are parking on the sidewalk.
    18
  4752. Beautiful day there today, and the water looks very clear. Thanks, Michael.
    18
  4753. Who the hell can afford $15k/month rental…? That’s insane 😂
    18
  4754. People in the biz are in denial. We both see the writing in the stalls
    18
  4755. Way to go guys. Watch both your channels daily
    18
  4756. The real price of any home is less than half of what they charge. Is a huge ripoff same goes with cars and rentals too.
    18
  4757. Buyers have been out of their minds for the past two years. In 2020, I loss bid on three properties because other offers were 5K, 10K + over asking price. I said, "Oh, well, I'm not offering more than asking price. If they want more, then,ask for more." Meaning: I was not going to be stupid; offering more than what's asked" Eventually, I got the style house with amenities wanted. And I didn't bid more than asking price!
    18
  4758. I live at The Collins at 6917 Collins Avenue and our Board President refuses to communicate what conditions exist here. He doesn’t think any owners need to know, and the Property Manager, of First Service Residential, blindly supports him. There are water leaks into the garage from the pool deck above. Many of us owners are very concerned and recently notified Mayor Daniella Levine Cava to investigate. Interestingly enough, a City inspector was here within 2 days. He only discovered minor needed repairs and notified the Board that they had 21 days to make those repairs before an inspector shows up. Otherwise, the Association will be fined. I think Property Management should be held responsible for not making sure buildings are maintained by unintelligent and uneducated Condo Association Board members.
    18
  4759. I like your channel and the format. The only thing that I wish you had more of was a more dedicated focus to South Florida specific situations and issues. The reason that I say this is because Florida is just different in so many ways. I believe that Florida will feel the recession, but not at the same time as the rest of the country. One particular issue that I believe will cause us to lag behind is that boomers are still buying houses. Especially boomers coming from the NE and are paying cash for homes. This seems to be causing the housing prices to stay high still. For example in Venice, FL 1800 -2000 sqft new homes are still going for 700k. I'm just saying that it seems that south Florida has a special niche that could afford to be dove deeper into. Just my 2 cents.
    18
  4760. Regarding young people with debt: When my dad handed me my first credit card during college, he told me this: "Control your debt before your debt controls you." He told me to ALWAYS pay off the full statement balance when the bill arrives. Compounding interest where you pay interest on the interest accumulated by the day is a recipe for financial ruin.
    18
  4761. DOM (Days on Market) is the number to watch. I was the buyer's agent after the BIG drop in 2008. I saw a listing that had 1000 days on the market. It was a prime property too. A condo on the Gulf of Mexico. Was $850k before, my buyers got a great deal at $350K. Also, it is rented more than the owners even want! I'm looking forward to REAL prices again.
    18
  4762. I liked Coconut Grove. That's a stable upscale community. The problems with increasing cost of home ownership are State wide. Pondering a fantasy. You're making sacrifices. Stay where you're happy.
    18
  4763. I ordered a coke today and they ask three times is I wasn’t sure that I ordered a frozen coke. Then at the window they poured ice from a random cup into my already full cup. I think they were all stoned.
    18
  4764. How about quarterback Tom Brady multi millionaire who got over 960,000 in PPP loan and bought a new yacht and also had that loan forgiven by the government.
    18
  4765. It doesn't matter what the private FED does with interest rates because no matter what they do the system is going to collapse. That will be a great thing for we the people.
    18
  4766. Thanks for what you do. You're the real deal, and America sure could use more like you on major platforms, on many other data driven issues we are being bamboozled on each and every day. Hat tip, Sir.
    18
  4767. Love my non hoa neighborhood. A few eye sores here and there, but the freedom is worth it
    18
  4768. Zillow keeps sending me the same 3 houses, just so they can continue to send me emails. It’s the spring selling season and there is nothing for sale. Seems like no housing crash inbound. I don’t even see a housing market, there has to be houses for sale to considered a market right? Lol
    18
  4769. Florida reminds me so much of Texas. It’s like they’re their own country. I love it😅
    18
  4770. hard to believe those old dumpy homes would be selling for that much. Every place in Florida seems to be priced double its real worth.
    18
  4771. Michael, it just hit me like a ton of bricks. All other YouTubers sit/lounge 99% of the time and you're up on your feet and walking around all the time! These videos are a breath of fresh air... LITERALLY. Keep up the great work!
    18
  4772. I will pay $100 for that house.
    18
  4773. Only in Florida you can walk miles between neighborhoods and no one is out doing a walk or something
    18
  4774. It was in the news that a robot attacked a worker at a Tesla factory in Texas and dug its claws into him. That is totally symbolic that the future of AI does not bode well for humans.
    18
  4775. Hi Michael, down here in South Florida, roasting!
    18
  4776. Thank youuuu, Mike and Mitch!!! 👏👏👏 Looking forward to Part 2....
    18
  4777. Fear porn accusations are actually sad. I built and lost my dream home in the 2008 debacle crisis and I am not doing so well 14 years later. Once burned, the fear becomes survival. Twice burned, lessons learned and a need to keep on learning.
    18
  4778. Michael, if I were Bill Gates, I'll just send you and Lisi all over the world all expenses paid and give us a review via YouTube video. Do we have a deal? LOL
    18
  4779. Excellent video, I think this is not the time to buy a house. The economy is changing very fast.
    18
  4780. In 2020 I was trying to buy any house in Gilbert AZ but it was out of my budget. I ended up moving to Arkansas and got a house for 130k with 2.7% interest. Sometimes taking a chance and moving to a cheaper area to buy a home might work for you.
    18
  4781. People aren’t unhappy because of envy. They are unhappy because we can’t afford shit despite working all the time. Working under the thumb of the man for nada. Most people in there 30s living in apartments. That wasn’t happening in the last generation.
    18
  4782. Michael you're doing the Lords work! I have an Aunt and Uncle i love dearly. They're far left liberals(honestly i don't care who you vote for, as long as you keep it real). They repeat what the White House shoves down our throats, that highest job totals are being created, market is raging. That's great and all, if you can afford to invest in the market. As far as the jobs, there seems to be a lot available, but no one can get a job who I know is looking or looking for another job. Also, i asked them to please ask 10-20 middle class families how they're doing, ask them if they're struggling. They still spit the jobs jargon out and market being all time high. They're wealthy, the wealthy are getting wealthier. The middle/working class is being eliminated!
    18
  4783. After selling two houses I realize that renting gives you more flexibility. If the politicians has the guts not to increase property taxes and insurance would be stable then more renters would buy a house. This is your best presentation for sure. For example, in Puerto Rico and Europe property taxes basically non existent . Owing home now is very expensive
    18
  4784. Right on about Dave Ramsey's vested interest of claiming the housing market will keep the same pricing.
    18
  4785. It's also a scary time to be a landlord too Most city pass ordinance Make landlord accountable For their tenants not paying For trash bill and water bill They put a lien on your property 🥵 make landlord Responsible paying for renter's bill
    18
  4786. I'd only buy a home at price pre pandemic price. I will not pay double what house sold for 2 years ago
    18
  4787. Should have been done a long time ago. No foreign investors. Here in California foreign buyers are part of the reason prices have escalated. In addition, in Irvine, California many Asians have bought there and the businesses put their signs in Mandarin. Same in San Francisco. Giving preference to US citizens in the United States is not discrimination. It is the United States. We have no global law that says we have to allow other countries to buy our land.
    18
  4788. Yep. The first thing that I thought is that this sounds similar to what they did under Bush, and we know how that turned out.
    18
  4789. I don't understand why buyers don't just continue to wait on the side line and cause a crash? Some idiots are still paying over the asking price. The house you mentioned was listed for 5 million and now 3.9 million and still no takers. I am taking your advice, Michael and not buying.
    18
  4790. I was going to marry this girl who was a 10 but she had a credit score of 800. i just can't take that risk!!
    18
  4791. I was sent mail telling me to barrow from my home. Nope! I’m a single parent w/3 kids. Anything I have is left to them debt free 🎉
    18
  4792. You are right about the building codes changing after hurricanes. They change every time after a major hurricane or earth quake. The International Building Code (used mainly in US and not International) is updated every 3 years. The next update will be 2023. I am pretty certain there will be changes made because of Ian. My guess is new construction will require elevating the houses to allow water to pass below the house. We pretty much have the wind design figured out. I bet insurance companies will require elevating houses also. My prediction also is insurance companies will make the premiums unaffordable for houses below the storm and will require newly constructed houses to be above the storm surge. I would also advise people not to buy a house that is below the storm surge just because the insurance is going to go to the moon.
    18
  4793. The 40 year mortgage goes well with my 120 month car loan. The American dream, baby!
    18
  4794. Friends and Family can move, too.
    18
  4795. It's the liability part of car insurance they want you to have (pays for the other driver's expenses in an accident. I think most states do require it.
    18
  4796. I have 650k in eqity on my paid off house. I would love to pursue building spec homes in central Florida, but the interest rates on a HELOC are not favorable for a 9 month build. Also keep in mind that although my house is paid off there is still a $900 per month liability just for property taxes and homeowners insurance . Add in food, auto insurance, pets, and two Millenial kids and you'll see that the best laid plan never will come to fruition until the time is right. Until then , I work,,,,,,
    18
  4797. Wealth inequality and inflation are massive drags on the economy.
    18
  4798. “CriminalJustice reform” is the issue. Blue State reduction in penalties for crime, is what this leads to. This is not an issue in Texas or Florida.
    18
  4799. I frickin' LOVED this type of video, Michael! It felt like a little "escape" from my current reality (2 weeks into a 6-week lockdown -_- and cold overcast weather today). Your dash cam is cool. Nice, clear, and smooth, audio is great too. xo
    18
  4800. One of the many things I have enjoyed over my lifetime living in the Mid-Atlantic (Maryland) is we rarely,..if ever,.....get life-altering weather. All 4 seasons are about 3 months long,..and just about the time you are getting tired of 1 season,....the next one is right around the corner. Rarely does bad weather affect anyone here. Electricity may be out for a few hours,...or a road may have ''standing water'' detours,...but that is it. And having been a satisfied apt renter for 25 years I can't complain about my annual $100 a year renters insurance. Also,...I retired at 58 so it is possible to accumulate wealth without being a homeowner.
    18
  4801. My friend sold her place in Algonquin Illinois and paid her buyer's realtor 2percent. She sold herself. She used a tax real-estate lawyer for the closing. $400,000 property
    18
  4802. My pension covers rent so I have a roof over my head.Thank you Teamsters.
    18
  4803. “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson
    18
  4804. BE PATIENT PEOPLE!!! Yeah, that's me yelling. When you're financially ready meaning, no debt or very low debt, have 20% or more for down payment, then and only then THINK about buying a house. FOMO is a feeling. It doesn't work with math. Do the math.
    18
  4805. Thank you for your remarks on the forefathers of this country. They really would be sadden on the way things are. It's crazy everything that is going on and how dumb people are. This isn't what I fought for. Things are about to get really bad. I truly appreciate the facts that you provide with your opinions. You are spot on. Thank you!
    18
  4806. The fact that I basically never hear policymakers ever talk about the housing market scares me. Stop institutional investments from taking over the market. I hope they get burned badly. I am all about a free market, but housing is different. It's a basic need and right and should be regulated as such.
    18
  4807. $300-$400 / night for a hotel there? That’s crazy!! 😳
    18
  4808. 7:35 Marry an asset, not a liability.
    18
  4809. all I know is things are so bad now.. it costs 5x more for a dozen eggs than just a few weeks ago.. WTF is GOING ON???
    18
  4810. All your videos are common sense financial realities, but people, like my neighbor here in San Jose, will still vote for people that will continue those policies. Insanity.
    18
  4811. BOOM! Kudos to you Mike. Rich Dad/Poor Dad books should be given to every potential buyer BEFORE they buy! These unethical agents will be culled out of our industry. They will be the first rats to jump off the sinking ship. It is sad to see buyers get taken advantage of.... Keep up the great work! We have a duty to inform, educate our real estate clients to whole truth, not just the convenient truth. IE: Lie to get paid. Kudos to exposing this poison in our industry.
    18
  4812. Greed is so out of control.
    18
  4813. These kids think their entry level job should be six figures. Forget college and go to trade school.
    18
  4814. Feels like they're lying about the numbers
    18
  4815. My biggest expense is tax. Even more than my rent!
    18
  4816. One man’s debt is another’s salary.
    18
  4817. Prayers for all at this time.
    18
  4818. If you work for the federal government and are a remote worker, your pay is adjusted to which area of the country you live in. DC locality pay is more than if you lived in Mississippi. If you were a remote worker in DC and moved to Mississippi you would take a pay cut.
    18
  4819. Lol. I am glad you addressed the rough looking houses. I was just thinking that. Most of those houses look old and a lot of them don't look very well.
    18
  4820. A friend from Seaside OR, west of Portland, sold an oceanfront home for a few million, 3 weeks BEFORE the local jurisdiction allowed the homeless to settle on the beach in front of the home he sold. IF he would have sold 3 weeks later, it would still be on the market, probably forever! Feel bad for the unlucky folks who bougth that home.
    18
  4821. To me, it is stupid that anybody would pay that much for a house that once was $40,000. There is no real value gain in these cheaply made houses, just the land they are sitting on. Can't wait to see this coming down to normal levels.
    18
  4822. Yep. Closing stores and citing crime or low traffic.
    18
  4823. Great video. My husbands mom has been in her house since 1963 and she’s turning 90 in February. She’s an anomaly through. They bought the place for $16,000.
    18
  4824. Florida's Governor is really awesome!
    18
  4825. Not to talk politics but some people get tired of high taxes and big government regulation. Some of those people will move to a another state and keep voting for policy’s that cause high taxes and government regulation. 😹
    18
  4826. I am a real estate investor. We stopped buying all together in the Spring b/c the rate of return was no longer worth the effort of dealing with the property. Before things got crazy, we were getting 15%-25% rate of return on the real estate cash flow. So, we are just parking our cash in the Vanguard Treasury Money Market fund now which will be getting 5% yield by end of January. I expect many real estate investors to do the same.
    18
  4827. MICHAEL I REALLY APPRECIATE YOUR DOWN TO EARTH HONEST APPROACH TO OUR CURRENT STATE OF AFFAIRS. THANK YOU 👍❤
    18
  4828. Michael, just found your channel. It is very informative and helpful!
    18
  4829. Is it just me, or does it seem like the whole state of Florida is always having construction?. Idk, it feels like Florida is brand new. 😃
    18
  4830. Love watching your show. It’s very informative.
    18
  4831. Michael, now l understand why you wanted to go to Miami… please don’t misunderstand; your hometown looks like it was a very nice place to grow up.. but.. it doesn’t seem like the type of place that offers differing lifestyles, excitement, and openness to different ways of thinking, living… if I’m wrong, please know, no offense intended.. just reminded me of where l grew up… very nice, but sort of a homogenizing of life; nothing terribly exciting or offering alternative ways of thinking… anyway; thanks for sharing; glad you made it to Florida, and are “living the good life” 🙂🌺
    18
  4832. For decades I believed the allure (or lie) of home ownership vs. renting or apartment life but now realize it may have not been the best strategy. I now believe it may have been better to minimize or avoid any kind of debt in my younger years. Now retired and on primarily a fixed income and still have the debt and expenses of owning a home. Yes, I definitely would like to go back and do things differently! Great video, Michael!
    18
  4833. Your insights and honesty are not brutal. They are necessary. We are recent retirees and worked very hard over the course of our 47 year marriage. Teamwork all the way. And our three kids are all hard working, too. We lived in a mobile home park for many years, and finally were able to buy our first home 13 years ago. We paid off our mortgage before we retired. And we also were blessed to purchase 15 acres of rural property 25 years ago. Built our own tiny, rustic cabin on that wooded property. Discipline, goals, and dedication are always the best way to go. Thanks Michael! Keep preachin' brother.
    18
  4834. I second that about mortgage payment not staying the same. Until recent I was on the bandwagon on it staying the same or at least being predictable from year to year. This past year is the most I've ever seen my mortgage payment go up. On average the most my payment would change is around $100 a month it was usually around $50-$75. My primary residence with the escrow shortage it increased my payment by $400 a month this year. Luckily that is something I can absorb without hardship. If this had happened to me years ago after I bought my first house it would've been a huge crisis.
    18
  4835. I'm 60 and planning on retiring at 62 or possibly a year or two later. I love the job I have and it is a worry and stress free job. I'm retired military and with SS we should do just fine. We are basically debt free we have no mortgage and one car payment. But while I am working we will probably buy a new car heading into retirement. We can live with one car payment. Just don't want to have the unexpected expensive car repairs.
    18
  4836. This is crazy! I’m going to still sit on the sidelines.
    18
  4837. Of course his name is Brad.
    18
  4838. Yes, my grandmother came to America (Florida) from Jamaica in the early 1960s she bought her house in Miami in the 1970s and her interest rate was 18% butt… my grandmother house she bought paid $30k+ for her house😏The problem with today, 2022 and beyond, homes are still expensive $400k - $500k+ price tag is ridiculous when earnings don’t match. Homes today are not $75k etc.
    18
  4839. My father died August 2022. He owned a house on Amelia Island Florida near the beach. I have two brothers I really wanted to keep the house but my brothers did not I could not buy out my brothers We sold the house but I am still so sad about it
    18
  4840. Where did 60k people find 9k for a Super Bowl ticket?😂
    18
  4841. I hope California gets it together someday
    18
  4842. We live in California and love it, but definitely prefer the beaches in Florida where we will be retiring soon!😎
    18
  4843. A good friend of mine lives in a mobile home. Thankfully it sits on 15 acres upstate.
    18
  4844. A major flaw with these work from home studies is they don’t factor in commute time. What if commute time was included as part of productivity time? For example, an employee is supposed to work an 8 hour shift but they spend 2 hours commuting so they only work 8 out of the 10 hours dedicated to work. That’s a 20% productivity loss right there.
    18
  4845. Even $7800 property tax on a 3 bed Condo (even on the water) is outrageous. Not to mention your HOA etc. Governments are out of control. Taxes are out of control.
    18
  4846. You're right, getting out of debt takes time. It's like losing weight or getting into great shape, it takes time and discipline. It's not easy but it is rewarding. I've decreased my balance by at least 90 percent and should be debt free by the summer. I do feel better and freer. The zero balance transfer game is a great idea. It also helps to turn it into a game.
    18
  4847. Beautiful walk today. I hope you guys are doing well. ❤❤❤ Been getting great engagement lately I hope the channel is growing well. 😊
    18
  4848. Glad I was able to sell my old 2 bed 1 bath home without even trying last year, and got a a nice amount, though because we wanted to move in more desirable newer home in a more desirable area at 3% fixed. The point is for me was not being "stuck" in a house and area we were never truly happy with. We lived there for 5 years If we would have waited til now to sell, I can assure it would have been a very different story for me.
    18
  4849. Another great video Michael, Thank You! Almost 90k subscribers!!! 100k before you know it, well deserved!
    18
  4850. Yes shoplifting is out of control everywhere. The sad thing is hardly anybody does anything about it retailers, police, state's attorney's, judges, and more. Retailers think they can just write off these losses, but the thieves know they can get away with this and I see things getting worse and more worse. It's sad because some companies like drug chains don't want their employees to get involved in any type of crime stopping.
    18
  4851. silly government $1,000.00 individual stimulus checks are not even going to put a dent in how expensive housing is.
    18
  4852. We moved here 17 years ago from San Diego CA. We live here in central FL. And I totally agree with you about everything about FL. We have been here 17 years now and have NEVER once been bored . Lots of things to do for sure and beaches to choose from. Summers are HOT and miserable but those are the times to travel and see other places. Are area is growing like CRAZY!!! NO VACANCY lol.
    18
  4853. The only thing worth eating at McDonald's is the filet-o-fish.
    18
  4854. Rental properties in CA are now liabilities as we cannot collect rent anymore
    18
  4855. I think Ukraine should send us a check
    18
  4856. The RE market is in a downward spiral. The inflated prices have doomed it. Couple that with natural disaster it is looking very risky. Property taxes and inflation are killing the industry. Ohhh. Stagnant wage growth is in it too. The math ain't mathing.
    18
  4857. To add fuel to the fire in Dallas, they recently announced that all short term rentals are completely banned in residential areas effective immediately. You can still have them but they need to be near hotels and taxed just like a hotel. Ha.
    18
  4858. Why close the store down. Just make it online orders for pickup that will end most of the theft.
    18
  4859. I have always preferred hotels. You NEVER really know what kind of weirdo owns the Air B property. Could be watching every move on camera😮
    18
  4860. Not anymore in California, work for a rental unit. And watch the system, Advocates/Attorneys take it from you. The good old days are gone.
    18
  4861. Is the american dream of consumerism and decadence coming to an end? Are you coming into the real world with 32Trillion in debt..........seems so.
    18
  4862. 1. Take photos of the rental when you move in, i.e. dirty closets, appliances, bathrooms, etc. 2. Fill out the condition list in detail, check everything, send it to the landlord AND yourself in a sealed envelope then do NOT open it, keep it sealed so no changes can be made. 3. Take photos of when YOU move out, if the LL is cheating 4. Fill out your State Housing Authority complaint form, include before, after condition photos showing DATES on the photos, in properties, that LL will be sending you your deposit PDQ.
    18
  4863. Several apartment blocks (condos) in Sydney, Australia have had to be abandoned due to structural failures. The owners haven't just lost their homes but also have to continue to pay for strata fees.
    18
  4864. Michael, your message transcends continents. I wish here in Australia we had more people who would just be honest with us. Well done mate. Keep going!
    18
  4865. SUCKING PARENTS DRY! Very good point MIchael, there is alot of that going on these days. Great to hear that you respect your parents and i am sure they appreciate it!!!
    18
  4866. Thank you for being Honest Micheal. What the client want is the only priority
    18
  4867. Here's my rule....the tallest fire truck ladder can only reach 7-8 stories up. So I don't stay in hotel rooms higher than those floors and I definitely wouldn't live in anything higher up. And yes, this collapse has opened a new anxiety trigger for me that I never had previously...😑
    18
  4868. Fannie May should not be allowed to loan to institutional investors to purchase large number of single family homes, condos or mobile home parks. Congress is often MIA.
    18
  4869. How about HOA fees and Insurance in these communities. That could be a killer even with the lowered home prices and incentives.
    18
  4870. You're correct about the haters and complainers. I knew a guy who said he hated Florida and that it was God's waiting room. I explained to him that there are all kinds of people of all ages.... even kids that go to school. He would have none of it. The strange thing is... He never stepped foot in Florida...Ever!!!! Ridiculous
    18
  4871. You should walk up to and around Dexter's apartment sometime.
    18
  4872. Heard remote wasn't working out for companies. Need people to work together.
    18
  4873. Tank tops back in town 😆
    18
  4874. God doesn't call no one by age. Anyone of us can be next in line. He's the one who truly decides who goes and who remains. Once again Tomorrow is not guaranteed. Know Christ my friends. I appreciate this Michael and glad you are still in one peace. God bless you Michael, God bless all the people there and all the first responder.
    18
  4875. I live in Chicago and had multiple checks and a gift card stolen and cashed. Chicago post office has lots of crooks. Unbelievable.
    18
  4876. I hear about a lot of people who are looking for jobs literally can't get hired. Even though they see nothing but hiring signs and job listings everywhere. How many of these job listings on a variety of company websites are just there to make the company look like a place where everything is going great because they are hiring! When in reality, they are not.
    18
  4877. i disagree on "inventory" increasing across the board. The neighborhood i've be wanting to buy in has drip rate of listings. With most sellers coming to mrkt with wish list 2021 pricing. Yes days on mrtk have increased but properly priced homes coming to mrtk are still selling 10-15 days. It's pretty depressing. I've noticed that a lot of list pricing and zillow et al estimates are way off a lot of times? But ya something has to give. Sellers need to wake up this isn't 2021 anymore. It's really about ppl that WANT to sell vs ppl that NEED to sell. IF you have a sub 3% rate you have no incentive to sell if you don't have to. Housing mrkt is broken as hell.....thank you Federal Reserve Criminals.
    18
  4878. Problem is that people want to live beyond their means and spend money they do not have...
    18
  4879. Just for reference, Canadian mortgages need to be renewed at least every 5 years maximum. So basically more than 1/5 of mortgages renew every year.
    18
  4880. I came here from Cuba during the freedom flights in the late ‘60s. I feel very blessed to be here. It is the land of opportunity, let’s keep it that way.
    18
  4881. We were warned a couple of years ago this would all be happening. It’s going to get worse. Get out of debt!
    18
  4882. I Completely Agree with You !!!! The Fed needs to fight this inflation… We need a reset of all prices. If they don’t raise rates we’re going to suffer longer, this will drag out and on for years.
    18
  4883. Just like Zillow, etc. Institutional investors are vultures.
    18
  4884. I've bought a lot of popcorn to now sit back and watch everyone going broke. They asked for this and most of them voted for Joe Biden.
    18
  4885. Word of caution don’t buy a mobile home in the FL Keys if the land is not included. Sooner or later you will loose what you paid for the home. Most of them you can’t even move them.
    18
  4886. Michael, the same thing happened in San Jose, CA. Pulte homes bought the land and evicted all the senior citizens that lived there forever. Landmark Agreement Reached Between Winchester Mobile Home Residents and Pulte Homes
    18
  4887. The market is already slowing down in my area partially due to the increased rates, but also because the market was completely overvalued for the avg wages. Been seeing a huge swing just today of property that would go for upwards of 500k to lower 600k just a couple of months ago enter the market at 450-499k which is a big step in the right direction. I think the sellers are finally realizing the party is over to list a house 100k above the real value in the market and having it sit without a contract for 6 months, even if redfin's data still claims this town is 'highly competitive'. I'm planning to leave this state soon, but it really did pay off to wait on the sidelines with a purpose because the deals are going to start flowing in no matter what happens now.
    18
  4888. Cities and states don't have the manpower, facilities, and attorneys to handle the actual caseloads of crime. Therefore, they have taken the approach to no longer charge lesser offenses. It will only get worse.
    18
  4889. Electricity needs to be delivered and produced by coal-burning plants (same as EVs)
    18
  4890. For low skill level work a company can achieve better productivity in a managed on-prem facility. However, any company looking for very highly skilled (knowledge workers) and insisting that they be located within driving distance of their facility will either have to buy office locations all over or be at a competitive disadvantage with companies employing remote workers. Repetitive functions like data entry are not the same as a function like a Principal Network Security Architect. You generally don't have to supervise highly skilled workers to realize productive work. In fact, the more closely you supervise them the more likely they will find employment elsewhere or start their own company.
    18
  4891. I’ve been homeless and I’m here to tell you it can happen to anyone and you must try to have backup just in case life happens.
    18
  4892. Everything is changing and it's not for the best. It's almost too scary to listen to the news ...worse than ever.
    18
  4893. You'd be surprised that people actually buy an RV to use as their home nowadays!!😮
    18
  4894. Cant wait for 2024 economic collapse
    18
  4895. Not really a crash when those homes were overpriced to begin with Mike
    18
  4896. Now that Nick is gone, Michael you have to hold the fort down. Excellent commentary on negative equity 👍
    18
  4897. Every family dynamic is different. The reverse essentially happened to me. Could have bought my first home right around the beginning of 2019 but was talked into doing the "right thing" and stick around/come back for aging parents. In retrospect, the worst decision of my adult life for both financial and mental well being, and now I find myself having to rebalance everything again.
    18
  4898. if you save up enough money by not paying rent you can buy the landlords property in foreclosure.
    18
  4899. I just got back to New York from Kissimmee, Orlando. It was my first time visiting Florida. I’ll be going back to sign my lease July14. Since I’ve lived in NY my whole life, Many of my friends that live in Florida told to rent first since I’m a first timer. So I followed their advice. Next year or maybe two years from now I’ll be buying God willing.
    18
  4900. we become more socialist everyday
    18
  4901. This stalemate could also produce a bump in prices. I think the sellers are not going to sell due the low rates they have. On the buyer side people are saving and positioning themselves for buying at these rates. The sellers have an easier time waiting this out.
    18
  4902. Thank you so much for addressing these issues. This almost happened to me, but I followed my gut instead and dodged the bullet, so to speak. RA tried to pressure me, but I knew I didn't know enough yet to make the right decision - and dropped the RA. I tried to work with him for over a year. (Oregon, was trying to move to Ohio)
    18
  4903. Florida will still have some troubled waters going forward.....the inflation rate in the US is now 4%....and still dropping....but not in Florida....its 8-9% ! Housing costs are driving this rate with high insurance cost and taxes ! We recently left FL with a good profit from our 2006 home purchase there....and our expenses are now very affordable !
    18
  4904. The sad truth is, The Fed created circumstances where housing prices rose in markets. What's coming to fruition is 'the market' reasserting itself to correct Fed manipulations. Housing prices coming down is a good thing. It's nice to know that gravity can only be denied so long. I'm tired of being in my 40's, living out of a suitcase, and not being able to afford a place to retire. Home ownership was never intended to be a value inflationary wealth leverage scheme fostered onto the American people by a central bank.
    18
  4905. WoW, I'm 53 and it's funny but I really don't see myself in an atmosphere like this place. The decor seems to fit better with +65 years
    18
  4906. I going to say this, most people and families should have asked their boss or company HR if this was a good or great idea before purchasing. Btw, hope some of these people kept their old home.
    18
  4907. More opportunity for corruption in the condo community's.
    18
  4908. Retroactive Executives Clawback?! Bruh.. a life in Guantanamo Bay solitary confinement isn’t enough punishment
    18
  4909. End up in a facility? If you can't pay property tax, the county throws you into the street! This after years of years of your property tax paying for the auditor/treasurer's office salaries and the stinkin schools and children's services, blah blah blah all kinds of stuff that doesn't benefit the property tax payer in the least. I know 3 people who have hecm's (reverse mortgages). None of them had to make a down payment. They had balances on their mortgages, and the mortgages were paid off. Then every month they get a statement that shows how much they have in their account and how much the bank will get if they sell or leave or die. They use their hecm's for different things. One couple has been traveling a lot, one uses it just to exist and one hasn't touched it and it's built up over the years into a nice savings account. You can plan all you want. The best laid plans of mice and men. But you never know what horrible things this life can hurl at you, and you can't always recover. It's all the luck of the draw, some lucky some not.
    18
  4910. I wish that the City/County of San Francisco would at least subsidize the landlords while they still have this crazy eviction law in place.
    18
  4911. I lived in South Florida for 40+ years, listed/sold real estate. "Bang, boom, boom" describes pricing accurately. The hurricanes, oppressive heat/humidity, now exorbitant prices, poor public transportation and shady business practices will finally hit the new arrivals. Btw. I retired from Florida to another state ...
    18
  4912. I just saw a realty company here in fort Myers that has a single fee for all customers 😮.is this true,is this the new trend
    18
  4913. Most SS income is like $24K per year. You can see 150 years of hurricane tracks on the NOAA website. Kind of interesting.
    18
  4914. Great discussion Michael. People need to hear what you're saying in this video. I just like a good book to read, a good movie to watch, great popcorn, and a nice clean and safe environment to relax and reflect. This is being in heaven to me. There are a lot of wonderful places to live outside gated communities, elite suburbs, and HOA prisons. There's more peace of mind in these place too!
    18
  4915. Thanks! Love your videos. Look forward to them everyday of the week. Informative & funny. I'm an email marketer now for 24 years, generating refinance & home improvement leads. So your videos relate big time. Keep up the great work buddy!
    18
  4916. You'd think with those high property taxes, the streets would be paved with gold.😮
    18
  4917. Thanks for all your research Michael. People are so out of touch with this part of the news. They carry on as business as usual. Then they wonder why this, why that? People keep spending like there will be no recession. They may be unemployed if inflation keeps rising. The 1-3% will be better off than the other 90%. Even though this is an election year, what ever happens will carry onto ‘25. If the fed drops rates and consumers rates fall, a recession will still happen. ‘07-‘08 is proof. As consumers, prices will remain high. Insurance video would be helpful Michael.
    18
  4918. Everything feels so unattainable right now. I feel like I missed my chance last spring. 😪
    18
  4919. Well for one, the weather here is great, and also Florida is doing much better than states like New York and California right now.
    18
  4920. Hey Michael! Appreciate the work you do. 3-4 videos per week is just enough. Enjoy your life.
    18
  4921. These walking tours are great. good thing you walk on the daily Mike B or otherwise you'll be fatigued. 😂😂
    18
  4922. I’m a broker and I tell EVERYONE to never believe anything a realtor says unless you can verify it as a realtor is just a commission salesman and so they are NOT on your side. These two guys are the only ones who tell the truth as they just give you the stats. Personally I love and wait for these crashes. Sure, I won’t make as much money for a few years, but on the back side I’ll double my net worth in a couple of years buying up other people’s mistakes.
    18
  4923. They bought half the Phillipines years ago. Good for Florida!
    18
  4924. Thank you for your video Juan. I'm a victim of this exact scenario. I recently purchased a 4 bed new construction just over 400k, probably 60k or more what it's actually worth and what my mortise proposed to be should get me in a 500k house easily but no. I can't believe I'm seeing in my lifetime a Government that's purposely screwing the American public, I just cannot believe it. That crashing sound is the build back better plan in action. Hope you're ok 👍
    18
  4925. Always close at a title company and buy title insurance as a buyer. If you get a loan, the lender will require you to do this. If you buy cash, you're not required to get it, but I would recommend it.
    18
  4926. People are still spending. ReFi's HELOC's Credit cards SeverancePay 401k cash outs unemployment etc.
    18
  4927. A negative about not owning insurance: If you own your property outright and choose not to get homeowners or condo insurance, you won’t have any protection against liability claims from people who are injured inside your property. Your attorneys’ fees (very expensive) will have to be paid by you and any judgment against you is also your financial responsibility. Always remember the liability protection you WON’T have if you don’t get insurance.
    18
  4928. Utilities are very affordable in Jacksonville. It's entirely community owned (JEA) and nonprofit. Everyone in Jax gets a single monthly bill from JEA for electric, water and sewer charges combined. I pay about $220 a month on average for my house, which also has a pool pump on 8 hours a day. I let he AC run as much as I want. The breakdown of charges are about $160 for electric, $40 for sewer and $20 for water. Water is so cheap here. Although I live alone in an 1800 sq ft house. But I still think $220 for everything is pretty damn good.
    18
  4929. I recommend to just have a hobby and meet people on your hobby that’s the most healthy way to date.
    18
  4930. 25 % of the hype..who bought a house will not like florida and want to sell in the next 2 years..thats my prediction
    18
  4931. The Costs for everyday items that most people require are not coming down . Inflation was at nearly 4% this quarter . Housing costs rose in October by 5% surprising most economists . The National Debt is approaching 35 Trillion and nobody even cares . Cutting Rates will only Super Charge the Housing Market . Think Homes are Unaffordable now ? Rate cuts will help a stagnant Car Market by lowering payments slightly . But doubtful that it will actually lower the cost of a Car . Bad things are coming in 24 . But it's an Election Year . So we shall see .
    18
  4932. You aren’t discouraging, Michael, you are just being honest & I think we all appreciate it. I know I do. (I’ve posted here before) My husband & I (from GA) “were” seriously wanting to move to FL this year or next… our dream, but knowing how crazy the market is, we feel that the best thing for us right now is to appreciate what we have & enjoy more FL vacations (since we just retired). We feel fortunate enough to live just 4-/12 hrs from the Panhandle & St Augustine & 6 hrs to SW FL., We will wait to make a move when things feel right. Whether that happens or not, we are happy living on a small lake in GA where we never get snow but can still drive to see it in north GA if we want & catch the fall foliage as well. Our location is pretty sweet. Will keep following! Keep up the great work!
    18
  4933. Ill take Florida beaches over Cali at any day as same as i would take Cali scenic beauty over Florida. Also, don’t forget that you would pay x 5 $$$ for that beauty, and for that $$$ you can go to Hawaii, which is much cooler than both Cali and Florida.
    18
  4934. You should do a video on how the end of the Petro Dollar effect further real estate values.
    18
  4935. So cool to see your dad! What a nice family you have.
    18
  4936. Thank you for sharing this info about property taxes, homestead exemption & the millage rate. Very distressing but valuable info.
    18
  4937. Think I’ll keep my paid for 2011 Mazda 3 with 70,000 miles. Don’t want or need a car payment. I’m debt free now & want to keep it that way!!
    18
  4938. Good video. Wow…it is clear that homeownership is becoming unaffordable, and it seems there is nothing we can do about it.
    18
  4939. I hope the trip is going well. Grab a couple beverages on me❤
    18
  4940. Are you still living in Florida? The humidity is serious and something not be brushed off. I was born and raised here and am now planning to move to a different state for many reasons. Also, if you rent, you should reconsider moving here. Rent prices are exploding! People are being kicked out of their homes because owners are selling the properties and chargin extremely high rent. Violent crime is another reason to avoid Florida. So much of Florida has changed the past few years, it's not the sam place in any good way it used to be. Avoid Florida at all costs would be advice as a long time resident who is leaving.
    18
  4941. So what we learned now: Think twice before taking money out of your house and If its actually worth it taking the risk losing your home If Something go wrong!
    18
  4942. Michael, truly awesome topic today! I've said this before. I so wish there was a set of classes in highschool that could prepare young folk about their credit and buying a home in a few years! Hey Miss Lisi 💗 I know you're walking in front of Michael lol
    17
  4943. As an older millenial i thank god i bought a house during the great recession. If i had to pay these rent prices or home prices i don't know what i would do. Now all these corporate buy ups keep calling me wanting me to sell. Ooooh no sir.
    17
  4944. People realize that paying "rent" will only leave them with a "receipt" for their occupancy. The renter can not do most things without getting the approval of the landlord. So, of course buying a prefab home and buying the piece of land will result in a lower monthly expense most times. Just make sure you are not paying "lot rent." Because the owner of the land can raise your monthly expense.
    17
  4945. People buy homes based on monthly mortgage payments! if someone gets laid off they can't make their payments on utilities, food, etc.
    17
  4946. Here in Bonita springs/Naples, we have the most STUNNING sunsets!! This year has set the bar on the most beautiful sunsets with vibrant colors. We never get sick of seeing it!!
    17
  4947. You are the voice of reason, a very calm assessment of what is really going on in the United States and your beautiful Florida. Thank you for keeping all of us up to date in a way that we can listen and not have a panic attack while we're watching. Great work, appreciated.
    17
  4948. Sellers still need more time to fully realize that the last 2 yrs was a freak show...and not sustainable.
    17
  4949. Don't forget our politicians gave itself a 41 percent raise for 2024 and we are going through this.
    17
  4950. Brilliant as always Michael love from across the pond 🇬🇧 🇺🇸😘
    17
  4951. One thing I was completely shocked about was learning that lenders will NOT lend money to buy a fixer-upper type of home. I had thought it would be super fun to purchase a really cheap house and slowly redo the entire thing as the years go by so it would really feel like 'my' home. I'm talking about cheap like a $40-$50k house. i found a HUGE nice house on an acre of land in North Dakota that had nice bones but the owners let it sit vacant for years and it needed a LOT of work (part of a detached garage roof was caving in). It doesn't matter what your credit score is, or how much you have saved, they just won't lend. I was told they can only overlook cosmetic things. I mean..do we want people to have homes they can afford or not? If someone can demonstrate they have the finances and resources or skills to do it, why not? I had no idea. Crazy! At this point I suppose we'll see what happens first. Coming up with that much to just buy outright or the prices on existing move-in ready homes drop by half...
    17
  4952. Congatulations on hitting the five year mark. I really appreciate your man on the ground economic reality check. Keep up the great work.
    17
  4953. I moved to Florida from Jersey 2 years ago amd the weather definitely improved my attitude and quality of life. Seeing sun amd flowers and so much green everyday makes you mentally more up beat
    17
  4954. I was not a saver UNTIL my employer started matching my 401(k) contributions.
    17
  4955. Everything you said is so true. I feel alive and energetic when I visit Florida. Thanks for showing us that a different life is possible.
    17
  4956. In traditional areas of affordability like Homestead, Florida city in south Dade have become unaffordable. The most affordable homes in this area are very small and often need extensive renovation to make them modern and liveable. Saddens me greatly as I recall times past when these were very affordable areas with middle class / income families that took pride in there communities and homes.
    17
  4957. If you're learning about Florida and you haven't been scared at some point, you're not looking at Florida
    17
  4958. Michael keep posting daily videos bro. Good stuff. I'm in Miami myself and am feeling more hopeful as I'm seeing more inventory and more price cuts each week. I think around October the housing market will be a much different market.
    17
  4959. Purchased in Broward County 2019 for 560k and now they are asking 1.4M up in till last month that is, reductions are happening like crazy its unsustainable you cannot have an over 100% price increase in less than three years this cannot continue.
    17
  4960. You're spot on that it's better to get a lower price than a lower rate/more expensive home. Flippers don't mind paying those high double digit hard money rates when they know that they are getting an amazingly low price before they begin their journey to flip that property. People who invest know this(except opendoor).
    17
  4961. Total insanity for that little shack!!! Flipping has done massive damage to the real estate market!! The price range on the majority of homes today is also insane!!
    17
  4962. I would rather rent. Your very insightful. Thank you.
    17
  4963. For those who consider your channel to be all doom & gloom, they have the simple option to not listen to your channel. Your analysis is based on research, facts, and reality along with a strong dose of common sense! Thanks for reporting information the way it really is!
    17
  4964. Michael, you should do a video on all of the people living in vans in Florida. It's crazy. Would be interesting content.
    17
  4965. I for one miss when we had seasons in Miami. All the old homes had fireplaces. By Thanksgiving our homes were comfortable. Now it is just endless heat and disgusting conditions. It is 88 degrees right now and I am extremely disappointed. I bought my first home in 1988 for cash, there were plenty of ultra cheap fixer upper homes unlike today.
    17
  4966. People need to revert back to the 60’s cook everything at home, maybe a pizza once a month or a fast food treat no more than twice a month… I see fools ordering with door dash all the time - great way to waste your money cause your lazy.. I would never use door dash unless I didn’t have a car… I always pick up my own pizza .. I am not paying dour dash 28 for a 12 combo meal for example… online ordering had made people extremely lazy… live smart and simple …
    17
  4967. There are 2 houses and 2 condos for sale in a two block radius from us in Arlington TX. All of them have changed listing reps have been sitting for months. The market is truly in the deep freeze here.
    17
  4968. It's to the point where it is the haves vs have-nots. I'm sick of being in the have-not camp. After 3 years of frenzied Real Estate being on everyone's mind.... I get why people are burnt out on giving a crap and are just gonna jump in anyway. And so many people are moving to Florida I really don't see it crashing. Changing maybe, to newcomers with money who can afford the big increases in insurance and taxes....
    17
  4969. 2008 Really financially hurt my grandparents who owned 3 houses on 10 acres for nearly 30 Years now. However if and when the Next Recession happens again, it may hurt but also help them sell and move out of California at least and move out to a cheaper state like Arkansas where I moved to and live. And have a better quality of life, even if at some financial loss. At least in my opinion.
    17
  4970. Bal Harbour, sunny island, aventura, coconut grove, bricklle and coral gables.
    17
  4971. Your Dad is keeping on going! 🏃
    17
  4972. Soon everyone will have a Million dollar home with no electricity. That's amazing. Good job federal reserve 👏 👍
    17
  4973. How bout the builders start building starter and affordable homes for "Young" FIRST TIME home buyers. Like they did for the veterans after WWII.
    17
  4974. "Give me the Truth, in all its gory details." Patrick Henry.
    17
  4975. That which cannot continue, won't continue.
    17
  4976. The smart money is leaving the U.S.! More home for your dollar, lower taxes, lower expenses, and more freedoms. Greetings from Costa Rica.🏖
    17
  4977. Wohoo! Congrats on the 3 years channel anniversary ! 😀🎉🥳 I am glad I stumbled upon it few months ago. Super helpful! Had a chance to have consultation with you as well and appreciate your genuine advices ! Thank you Michael! Look forward to more content from you!🤩
    17
  4978. You have hit on all the reasons I want to move out of my house and into a condo. My house was good for when I was raising a family, but now I am retired, living on Social Security and not much else, and I can't keep up with maintenance and repair on the house. I live on the Texas Gulf Coast where the flooding is becoming worse, and I want to get up high where I don't have to worry about water in the house. I also want to get away from having to prepare for hurricanes, which is another headache when you live in a house. I notice that the best condos in Florida appear to be constructed of cement blocks. My house has doubled in value, so when I go to sell, I expect to be able to pay cash for a condo.
    17
  4979. An 83 yo friend of mine in UT, insures with AARP, they said we need to take pictures, made 2 appointments, didnt show for neither one. She got a mailer saying to call for a 5-20% discount, she called and they said we are canceling you because you wouldn't let us in. She said , she's lying, she never showed up. They said sorry, we have to take her word. After 30 years, and no claims 😢😢
    17
  4980. OMG, Michael! This is one of my favorite videos, because I love the reporting and descriptions you gave of the millennials living at home. Hilarious and so true!!! You are wise beyond your years! Keep up the great work!
    17
  4981. I do not condone shop lifting at all but at the same time I don’t condone these big box stores ripping people off , treating employees like trash . So honestly it’s hard to feel sorry for these stores being stolen from . It kind of just seems like they are getting back what they have been dishing out . Karma
    17
  4982. Love all the information you share. I watch them all!! Thank you so much for all you have done to help educate us!!! ☺️
    17
  4983. I find it humorous how so many people who comment think nobody deserves to get paid for doing anything. My guess is it’s the same people who want to get paid more for their own job. How come nobody wants to pay anyone else, but thinks they deserve more?
    17
  4984. Reverse mortgage worst idea ever 🙋‍♀️
    17
  4985. you sound normal and most people will not be honest about how bad life is now. heard it will get much worse.
    17
  4986. I think the global recession that's undeniably spreading is not taken into account by a lot of these analysts. They specialize in their field.
    17
  4987. Air B&B and hedge fund mass property buyers have ruined the property market. When I see these houses listed for double what they were just bought at 2 or 3 years ago I say no way
    17
  4988. I'm just waiting on the bottom to drop out. Not moving to Florida though. No way.
    17
  4989. Money laundry in Miami is normal
    17
  4990. The lawyers will get the bulk of the $1.8B.
    17
  4991. Living beyond your means. 2008 all over again. Financially illiterate people + financially illiterate banks all over again.
    17
  4992. I love how you call them out for their ridiculous pricing
    17
  4993. Agree. Think in Florida you will see the market stabilize/stay flat over the summer, while school is out and families move...as is a general trend. But when the summer ends and kids go back to school, the drop will continue.
    17
  4994. You got that right about renting being better than buying in SoCal. It's not just the ridiculous prices. If prices are going to take a dive (a shallow dive as ususal), the renter is not exposed to the downside of going underwater. If the neighborhood takes a dump, tenants can bail out without massive transactional costs. Novato is cool up there in the North, especially if you like getting out on the water. The government should butt out. Hmmm... a reinsurance scheme in deposit insurance? How does that really work? Reinsurance is typical in insurance. Is this going to beocme the credit default swap flop of our times? I share your skepticism and suspicions of hoops, loops and shenanigans.
    17
  4995. Brings you to tears just knowing the amount of lives that will be lost. Thank you for letting us know you guys are ok and keeping us informed. Stay well and safe.
    17
  4996. Texas property taxes/HOA fees are almost doubled compared to other states as well!
    17
  4997. Tiny homes are being blocked because the property tax is low. Municipalities want giant houses and giant tax revenue.
    17
  4998. Good day, Michael. The Fed didn't simply lower interest rates in '08 and nine, they captured them, making a market in money at rates far below a level any responsible lender would require, juicing a massive bull market in everything, and thereby denying savers and pensioners a decent return for twenty-plus years. Then they pulled the string on the supply chain, closing it down and sending out stimulus checks, ensuring a wave of price increases as inventory was depleted, and voila, those pensioners and savers have had their nuts clipped during the "Great Repricing", the inflation that government elites have been clamoring for, to facilitate debt repayment with cheaper, post-Covid dollars (now worth 70 or so cents, give or take), and let the savers and pensioners be damned.
    17
  4999. Your 'disclaimer' at the beginning had me dying lololol Awesome vid, still beautiful even when it's raining, I would take it over 35 degrees any day!
    17
  5000. Get a degree in something that’s in need. Medical field, nursing, physical therapy, or mental health pay well. If it’s in basket weaving, you’re screwed.
    17
  5001. It’s hard to sell my home to downsize since becoming an empty nester, when buying a smaller home and pay as much as I am paying for my current home.
    17
  5002. I think the sad thing is that the housing market in Florida is so overvalued and what's crazier about that is if the house pricing goes up more and more that's going to increase your taxes and that's going to cause a whole crap load of people to be listening their homes for sale since they cannot keep up with the taxes and then the county takes the house. So either way you're screwed because if the 30-year mortgage doesn't get you it's the ever-increasing taxes that will definitely get you in trouble because if the housing market keeps the prices going up people are just going to be forclossd
    17
  5003. There's absolutely no benefit to having an electric vehicle...😮
    17
  5004. I am renting and kind of like the care free aspect of it
    17
  5005. Legit question - by the feds raising interest rates, what are they hoping to achieve? Am I expected to pay extra on a house because they caused inflation with their poor choices?
    17
  5006. When I look at those prices and watch home inspection videos it makes me more happy to wait. Plus I prefer my money in investments than making house payments.
    17
  5007. A lot of retail theft is employees. The items go our the back door.
    17
  5008. We are moving to Florida and originally planned to rent out our townhouse in Ohio, but after all these moratoriums I'm terrified. We can't afford to pay two mortgages if the tenant doesn't pay. So I think we'll sell instead. It's sad, would have been nice to have an investment property.
    17
  5009. I learned this the hard way in 2021 and will never buy another condo
    17
  5010. I'm not into real estate but I'm a mail carrier so I carry the same route every day. Every week two or three houses on my route go up for sale and they're not selling. The average American doesn't know that we've already passed panic time.
    17
  5011. The problem that is not said, is the fact that you could had sold your house at a win but you can not buy the same house equal to what you sold. The new home will cost more, plus the interest rates are higher. Sellers were better off not selling for they got the deal back when they originally bought from years back before the pandemic. You got more paper, but it buys less house. There is no way I want more paper for less house. A housing Collapse is coming.
    17
  5012. Great summer series.❤ Safe travels guys. Hope your trip is awesome.😊
    17
  5013. The areas surrounding daytona are MUCH nicer. Ormond, port orange, palm coast....
    17
  5014. Other assets you can find in a crash are tools and equipment. Most of what I have now I bought in the 2008-11 crash. Hand tools, power tools, equipment and the like go for really cheap.
    17
  5015. The large default by PIMCO (large commercial landlord) a few weeks ago was but a blip in the news. That landlord defaulted on $1.2 Billion. Hello????
    17
  5016. Man that's the 1st park with no homeless tents or homeless around kicking it like here in Fresno Ca westside , great video btw and thank you for the Info my man !
    17
  5017. 😮😮😮 NO WAY MICHAEL 💥💥💥❗️Did you really Just gain about 3,000 New Subscribers in Just the last week??? You are really CRUSHING IT 🎉🎉🎉💥❗️ Good for you my friend. It’s because of what you do and how you do it. Always great content. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    17
  5018. Great Video, maybe incorporate more of these with the FL videos that you do. Maybe a monthly update to how the market is doing in certain areas of Florida...ie Panhandle, West and East Coasts and if you notice more availability . Also do you have a website set up yet for your team? Love the channel...
    17
  5019. Buc-ee's is raking in the cash, glad they're paying their employees well, kudos to them!
    17
  5020. Everyone gets a trophy 🏆
    17
  5021. I work 70 hrs a week (2 jobs), still live at home. Im the breadwinner of my family. Its gotten to the point that my parents household will fall apart without my supplemental income. My elderly mother would be homeless. Im not moving out. The fed needs to stop being chicken shit and raise interest, inflation is still rampant.
    17
  5022. One of the guys I used to work with rushed into a home during the height of the madness. Found out the wiring was shot and it would cost another $25k in electrical work to fix everything 🤦
    17
  5023. Prices are not going down from Jupiter to Coconut Grove; they are actually going up as a whole
    17
  5024. my son better start treating me nice or I will leave him nothing.
    17
  5025. I closed 1 of my aircraft repair stations in 2023. If things don’t change I’m going to have to close my other shop ! It’s not great pay but my lowest paid employe. Was 50k. I laid off 5. In 2023. … 4 more might bite the dust this year !! Folks aren’t playing with their 100k toys …
    17
  5026. The rent is too damn high!
    17
  5027. That $15M home could be a cash buyer. Some cash buyers are based from their stock portfolios (at least folks in the Bay Area). I sold my Bay Area home to a cash buyer 4 months ago. The whole experience was very quick (closed the deal and moved out the house within 10 days). Although the market is down, it does not mean everyone is down. There are certain people doing fine, especially they are holding a short position in this market. It also goes the other way too. When the market is up, it does not mean everyone is up. It depends what are their market positions (long or short) at certain time. In general, regular folks are following the trend where the market is heading. I admire this quote from Warren Buffett, "fearful when others are greedy and greedy when others are fearful".
    17
  5028. People have "had it" ! There is even "push-back" starting in Ca. Michael, people are voting with there feet and leaving Ca....... Really good video, Thank you.....
    17
  5029. Hey Micheal, thanks again for all the valuable information! People need to brace themselves, I think there is more trouble on the way! This would not be a time to stop praying!
    17
  5030. My neighbor sold his house below market to help a local guy. He lived there a year and now Said guy rents it for $700 more than I pay for a 300sf bigger house next door. 😂😂😂😂
    17
  5031. Mortgage rate buydowns is what got us into the 2008 crash. By year 3 the payment isn’t manageable and the home has lost market value putting everyone underwater when more homes enter the market. The bank either agrees on short selling or the seller brings money to closing. If the seller cannot sell or bring the money and defaults, then foreclosure happens. Creates many accidental landlords as well…or the “acquisition company” gets it as a rental. If the acquisition owners go broke, the government will likely end up with the homes. Catch 22.
    17
  5032. Get ready for inflation to go evenhigher!
    17
  5033. Great interview listening to two great guys! I love when you two are together.
    17
  5034. The old lady in the shoe had the right idea. As far as myself and my family, we are withdrawing from the market. I'll buy the necessities, but I'm out until things return to sanity.
    17
  5035. About 15 years ago, after watching hours of DIY Network and Home & Garden shows on buying homes, I ended up creating a list of things to check on when buying a home. It ended up be 3 columns on 1 sheet of paper.
    17
  5036. Regarding property insurance, it makes some sense that rates go up (a lot) to cover losses when such losses to insurance carriers are high. What I don't understand is why property taxes go up so drastically just because of the stupidly high selling prices. Surely the cost to the taxing jurisdiction for municipal services does not quadruple because the home price quadrupled. So what does this windfall tax revenue fund? Here in Maryland we have a "constant yield" law. When a property assessed value goes up, the tax rate (supposedly) drops so the tax revenue stays constant. Or sort of. They do squeeze it as the cost for services increases, but not nearly at the rate of housing price increases. Without a state income tax in Florida, I assume property taxes are used for a lot more than what they fund in Maryland, but I don't see how such windfall tax increases can be justified. What gives?
    17
  5037. This is what I have been saying because people REFINANCED and not just into a lower rate but a NEW 30 YEAR LOAN. I know multiple people who did this. They effectively took out 42 year mortgages and are now pay over $1,000 a month less than their original mortgage. Millions of people did this. That is massive buying power no longer going to service debt. Now all that money gets to buy crap on Amazon or a new car or whatever.
    17
  5038. A Video from Michael is the perfect conclusion of the weekend !😊
    17
  5039. Florida becomes a river, and then a dry desert in 2 minutes
    17
  5040. We are actually in a depression. The recession was last year.
    17
  5041. I think Seaside is just sad. It was originally designed to be a real town to live in, a place where everyone knew each other, the porches were designed for conversations with people walking by. Bob Davis never imagined it to be a tourist destination. Now most of the original residents have either died , moved on, or are now renting their homes for vacation rentals. Originally each beach access was for the several blocks area of residents where the homes were built so everyone had a view of some sort from their home somewhere. It used to be a real town where businesses were owned by couples/families/persons who lived there, who did not pay millions for their property. The concept was it was supposed to be an idyllic seaside COMMUNITY, there were some units designed for vacation rentals, but that was not supposed to be the main thrust of the town, Yea it was a Trumanesque vision of a planned community, but greed and money fixed that.
    17
  5042. We have gross residents HOA board members taking pictures of us for"infractions." It is $100, 250, 500 therefore for infractions, your move in letter was your warning. It's disgusting here, SO many resident units for sale and 48 New that are not selling. Wonder why, ugh
    17
  5043. I got 2.25% 30 year fixed and got the home for under asking in Dec 2020. I'm keeping it as I'll never see those interest rates again.
    17
  5044. You’re absolutely right about publicly traded companies—same thing for startups with close ties to investor $. Profits first, people second. People don’t seem to realize that, but these companies seem to think it’s totally acceptable to give the CEO millions in cash bonuses and stock awards while cutting the jobs of employees who make a fraction of that to “save costs.” Do these companies ever stop to think that they need people to work for them if they want to generate revenue? People won’t want to work for you if you treat them poorly. And those “high salaries” that these companies pay—which is vastly exaggerated by a lot of people, by the way—aren’t so big when you’re living in high cost of living areas, which is where a lot of these companies are. Yet another reason I will NEVER work for a company like Meta or Intel.
    17
  5045. Only 3.49 a gallon? Pssshh.. we're paying about 5.25 here in California. Consider yourself lucky.
    17
  5046. The government would love control over your income. These freeloaders are giving me ptsd ! They are going to turn me into a freeloader because I can't afford to support more system riders, the loads getting too heavy.
    17
  5047. salute from Toronto its geting way too expensive.
    17
  5048. Love your ruthless aggression regarding the truths about real estate. Those backdrops while you're walking only puts things in perspective. Some of those homes look horrible for the price they are asking for. Good job!
    17
  5049. That turtle was probably 55 or older as well 😆
    17
  5050. Some people are still considering to spend their money like there is no tomorrow because they don't take off their pink glasses and can't see whats happening in the real world!
    17
  5051. Michael, these are great; "the Michael Bordenaro Personal Miami Tours" You are on to something, my friend!
    17
  5052. It just amazes me how many people are financially clueless and it always gets them in the end
    17
  5053. It should be a criminal offense to pay those exorbitant taxes on vacant unimproved land. No wonder people sell everything they can these days.
    17
  5054. The housing crash just started, wait 2 years then buy
    17
  5055. I Did this ONCE and Promised myself to Never Ever Do that AGAIN ❗️ Yes I lost one of my dream homes 🏡 because of that. 2008 was TERRIBLE 😞 Thank you Michael 😊
    17
  5056. I suspected this would happen and so glad I didn't relocate after all
    17
  5057. I REALLY appreciate your insight. Thank you so much Michael.
    17
  5058. I'll never understand these landlords. House will sit on the market unrented for months or sometimes years. Why not lower the rent, or even better offer a big discount for a 3 year lease?
    17
  5059. 🥇 And that's why we deal with the bad in FL because the good totally makes it worth it. Look at that water!
    17
  5060. $5 to $7 is 40%, but the question's is: how many years has the price of the grilled cheese been held at $5.? (due for a price increase)
    17
  5061. I just learned today that US senators can be purchased by Blackrock for $10,000 each...and have been. Don't expect the government to help anyone who can't afford house prices or rent prices
    17
  5062. I went to DR Horton in Lakewood Ranch two weeks ago, they offered all that PLUS they offered hazard insurance for about $85 per month. Only issues is HOA + CDD and the houses are right on top of each other.
    17
  5063. The fees tacked on to AirBnB's are a deterrent.
    17
  5064. I blame the parents at 18 years old it's time for them to grow up get out get a job and be on their own instead of living under mama and Papa's roof for shelter and I blame most of the parents for allowing it
    17
  5065. I wonder which bank will close this coming Friday at 4pm😙
    17
  5066. The layoffs will continue until the shareholders are satisfied
    17
  5067. Isn't a free money government called Marxism or communism?
    17
  5068. Brother I really like your advice! You have confirmed my thoughts of buying a flipped house. Also I have a good friend who lives in St. Petersburg and put his large beautiful house up for sale about 3 weeks because he got a new job in another state. His realtor said he would have his house sold in a week. My friend is getting nervous now because it hasn't sold yet and its going on 4 weeks. No worries though...he bought the house 6 years ago and is going to make a huge profit on it no matter. You watch though...people are job hopping to get raises (just like my friend). With interest rates going up everyday its going to stop some people form taking a new job because they can't afford to sale their house and buy another house comparable to the one they have now. The house market is about to get very interesting! If (when) there is a recession this will be the largest real estate crash in the history of the USA.
    17
  5069. It is bound to crash. It has to crash. When wages is below rent it is inevitable. Hold on tight if you bought high just to get into a house.
    17
  5070. Ocala is one of the places we are considering because of the small town feeling, not crowded and very affordable 😎
    17
  5071. Rates are STILL low, historically. If you wait for rates to get back to where they were, you may die first. Rates have never been in the 2-3 percent range before and probably will never go back.
    17
  5072. Update: Buying a Condo involves some risk involving structural engineering that may not be included in your inspection.
    17
  5073. inflation is going to stay awhile...the PPP loans every single person with a schedule C got boatloads of free money. the rich got richer
    17
  5074. Recently a guy joined our ride group he saw that we all had enduro bikes so he went out and bought one but he financed it then he liked our sport bikes so he bought one and financed it he also has a brand new corvette that that’s right it’s financed and his daily driver ram truck is financed and the best part he rents an apartment. Everyone knows that one guy. Never finance your toys rule #1
    17
  5075. condos are the only thing that would be remotely in my price rage in the next couple years yet I don't think I would ever buy one because of the extra risk factor of having a hoa.
    17
  5076. Michael, I enjoy your candid, conversational approach. You cover things so well and you have a gift of answering the question I have next, right before you deliver it. You think ahead, not losing me in the details. Real world concerns. Enjoy those walks. I keep waiting for you to walk into a sprinkler. Haha. Great channel. Thanks!
    17
  5077. It happened to my brother here in Kennebec County In Maine two years ago. The county took him away in handcuffs, and I saved him because I was driving by . I’d been checking on him, but he was homeless for the rest of his life which was two years ago he was 78 years old and the town took his acreage and sold it for their profit. I don’t know whether the county took the profit from his house or not. I think that was the bank, Wells Fargo, the bank, that Wells Fargo sold the property to because that was the case with that however, the acreage that have been in our family for 70 years was sold to the profit of the town. Heartbreaking. He died.
    17
  5078. I love your walking tours/commentaries Michael!! Way better than a studio video.
    17
  5079. I can see why for practical reasons that Florida is a better choice for most people. I certainly could never afford to live in California. But if I could, I would. I just love California. I know it's changed a lot and I get why people that have lived there for years are kind of fed up and disgruntled and why some of them are leaving. I lived in Southern California as a kid but then we moved to New York and now I've been in South Florida for 33 years. You and I have discussed on your former posts about how we both like California Michael. But I guess I could say I'm a crazy baby boomer who's obsessed with California. When I went there for a week to Los Angeles and San Francisco three years ago, I was afraid I might be disappointed because there had been so many years since I'd been there. I have to say that while I did see the problems in those areas, I was mostly in a state of hysterical euphoria LOL, because I just love California and its history. As you pointed out, being on vacation and living there are two different things, but if I was richer and younger I would move there, problems and all. It's California dammit! There's just a magic in the air for me that is palpable and always has been. Union Station, Laurel Canyon, the old neighborhoods, the mountains! I just love it. I love South Florida, but I love California more. By the way, I totally agree with you about how friendly everyone is out there. I had two restaurants here in South Florida so I've not only dealt with lots of customers but lots of employees. I was so impressed with how friendly all the service people were and how friendly and helpful just everyday people on the street were when I asked directions Etc. They were great. In closing with my rambling, LOL, I would describe California as the place where dreams can still come true. P. S. A long time dear friend who lived in South Florida for years and did great here decided to move to California 10 years ago. Everyone tried to talk him out of it and told him he was crazy. He didn't have a fortune but sold his house and without knowing anybody headed out there. He is flourishing and absolutely loves loves loves his life. The man has a damn view of the Golden Gate Bridge from his living room! You have to work hard and be determined to make stuff like that happen, but I would never discourage anyone from pursuing their dreams.
    17
  5080. Thank you for talking about the insurance issue in Florida. You are a super-smart man and I’m proud of you and what you have accomplished!
    17
  5081. "Buyers determine the price ...not the seller" Barbara Corcoran
    17
  5082. I would like florida to be a non insured state. Self insure the house even with a mortgage!!
    17
  5083. Hot take, but I think homeowners should quit insurance and put their money instead into an emergency savings account or S&P500 index funds. Much better than the scam of these insurance companies.
    17
  5084. Consequences of an eroding currency, will only worsen
    17
  5085. A lot of people are also moving back in with parents in this economy.
    17
  5086. It's not "down" it's just a little less up.
    17
  5087. This is may be the best collaboration ever! Thank You for making this video. I watch the both of you everyday. THIS WAS IMPRESSIVE
    17
  5088. Having no state income tax is great, buttttt.....they gotta get the $ from somewhere, so you're paying it on something else. They'll get it in real estate taxes, sales taxes, vehicle registration taxes, fuel taxes, or something. I'd rather have higher taxes on discretionary stuff, because you have a degree of control over that.
    17
  5089. Excited to see where you go! I do multiple cross country road trips every year with my overland SUV. If you have the time I'd highly recommend selecting the "avoid highways" option on your GPS, highways are nice when you have places to be but as time has gone on I've done an increasing percentage of my driving on backroads. If I have nowhere to be may as well take the scenic route. Also while installing a full kitchen in your vehicle like I did may be impractical, I would consider getting a 12v refrigerator. It's nice to be able to take fresh food on the road with you since there are miles with nothing but fast food and gas station snacks. The one I have works as a fridge or freezer and was less than $200. It came with a cigarette lighter plug and the power consumption is much lower than you think so you don't have to worry about it killing your battery
    17
  5090. The Hard Rock building collapsed in the French Quarter about a year after I moved to NOLA and it took about a year for the city to demolish the site. It looked very similar to this building in Miami. Had to look at it everyday when I wentnto work out, as it was right next door to the New Orleans Atheltic Club. Hopefully this one is cleaned up sooner.
    17
  5091. can confirm, im in north texas and homeowners insurance from 2022 - 2023 went from $1,200/year to $2,700/year. that's more than double.
    17
  5092. Biggest mistake I ever made was buying a condo in south Florida... condo associations are a NIGHTMARE. developers are shady criminals. Couldnt wait to get the hell out of that overpriced craphole. Special assessments, reserve accounts...$$$ disappeared.. never again. Don't do it!!
    17
  5093. Home 🏡 price need To drop another 50% In some areas In order for people to afford Especially inland area But coastal areas 40% drop is good enough
    17
  5094. HAPPY FATHER'S DAY DADS 😃👍❤
    17
  5095. I've been keeping up with your videos for 6 months since I first discovered your channel. Love your content!
    17
  5096. I just attended a wedding. The band alone was $5k and the photographer charged over $500 an hour! That is not counting venue, flowers, food, planning, etc. I think weddings in places like NY are closer to $40-50k. But it depends on number of guests, location, and details.
    17
  5097. Hey Michael, thanks for posting the relevant content. Your videos have been helping me plan for my move to Florida this summer. It's good to understand the challenges so that someone can adjust their plan of action. Thanks for these vids! (Western Massachusetts to "hopefully" near West Palm Beach)
    17
  5098. I've become a full out minimalist, I eat once a day, I rarely drive and waste gas, just go where I must. I have too many clothes and no need to buy more, just the basics. My largest monthly bill is a cell phone bill. I live in My paid for Travel Travel, parked on a free place. I work minimally. And I'm good low stress lots of free time, lots of time to work out. It's a much better life than working your ass off for a house your rarely at and will probably never pay off. They can keep it!
    17
  5099. I would like you to do a follow-up on two northern California communities that were completly destroyed by fires about 2 years apart. Paradise CA and Berry Creek CA. Small places forgotten in the ashes.
    17
  5100. Stop....us boomers ain't giving up our home 😂😂😂🎉🎉🎉🎉🎉
    17
  5101. Well done video on the comparison of the two states. I’m a native Southern Californian but I now live in Southwest Florida and live close to the gulf. Florida beaches as a whole are much nicer in almost every way. Warm and humid is Florida and I love the greenery everywhere in Florida. Thank you for your efforts. Keep up your videos.
    17
  5102. It's end of year and budgeting time. The time to freeze hiring and cut back. We're not allowed to travel unless it's necessary. I'm thinking about quitting my job. I make 6 figure but have a micromanager and my stress level is through the roof. Health is more important than any jobs. They come and go. I would take 20% pay cut for peace.
    17
  5103. Im updating my house slowly but surely with cash. Not going into debt for that.
    17
  5104. I hate foreclosures & evictions because those are families being effected in the worst way…however the liability goes back to those whom had it as a asset which now helps your cash flow!
    17
  5105. Your older self will thank you for not taking from your retirement savings.
    17
  5106. Back in the 80's interest rates went up yo 16.63%. We lived through it. I enjoy your show. New homes coming on line, new rentals becoming avaliable. Good info, hold tight and watch.
    17
  5107. She is beautiful.
    17
  5108. You have way more wisdom, knowledge and common sense than most 35 year olds. It is unbelievable. This is coming to you from a 68 year old with vast experiences and in a position to be a very good judge of character.
    17
  5109. Hard to believe how much is being paid for those tiny, dumpy homes. The prevailing attitude here in Miami is that the whole world wants to live here so prices will never come down. We also believe that the fed is going to lower interest rates to zero again next year. What no one mentions is that home prices can fall not just due to higher interest rates but also from inflation destroying incomes.
    17
  5110. I like that idea of not owning where you live but to own something. I bought my current home as a rental property in 2016. Sold my home in 2019 and rented for a couple years. 2020 events pushed me to move earlier than expected into the rental and make it my forever home; yeah, never say never but with a fixed property tax increase of 3 percent since 2016 and not in a hurricane/tornado zone that keeps insurance increases less than most places. I did spend about $70k for the roof, heat & a/c and modernizing the interior. I do not expect anything major for many years to come. The zestimate is 90 percent more now than what I bought it for. Those renovations/improvements would likely get the hime about 115% more than what I bought it for. But I love the neighborhood and its very affordable. Not looking to spend the crazy prices on another home. Let the market crash or Ill enjoy making 5 percent on my savings for now
    17
  5111. I question people on a budget. I started recording my expenses by hand in 1978 and in 1997 I started using Quicken. I'm not an accountant, but I guessing I can predict my money spent. Well, I know two people who I tried to help and they told me to drop dead. I had 3-decades of detailed financial details and they had some. People just want to complain, because of their failures.
    17
  5112. I get calls weekly, and tell them to put my number on their no call list
    17
  5113. Great channel, Michael. I like it a lot, as a matter of fact, I love it!!! In terms of the USA Real Estate Market, I think the housing market is going to CRASH even more than 20% in the next 2 years; I don't know the exact percentage, but is going to be BIG; you'll be amazed, and highly surprised.
    17
  5114. My hope is that high interest rates will cause home prices to start to decline, EVEN JUST A LITTLE BIT. Once prices start to decline even a little, corporate buyers will start to sell quick to lock in their gains, since they are not "people" who need to find somewhere else to live if they sell their house. This is also true of mom and pop investors who bought 2nd and 3rd homes as investments. The only people who can't sell are primary residents. But in hot markets like Phoenix and Florida, I've read that 30-40% of buyers were investors. So all those investors suddenly selling will cause inventory to go up rapidly, causing prices to spiral downward even quicker. This may pop the whole bubble! The only caveat is that rents are now so high that investors may just hold onto the property, even though the home price declines, because they can still just collect the rent to pay the mortgage, and maybe even make a small profit every month, regardless of what the home value is.
    17
  5115. Hi Michael. Yes. In these ridiculously high inflationary times, moving in together is wise. I retired in 2021 and happily left the rat race workforce at 60 free of debt. As a family of retirees to save money in these uncertain, inflationary trying times, we consolidated. I moved from my previous residence(rented). My sister, her husband and their 15 year old son opened their home for me(my sister’s brilliant idea). I’m renting a room and contributing money for household necessities(groceries). A win, win for all of us. We live comfortably and are so grateful for all our blessings. Stay vigilant and discerning.
    17
  5116. Two McDonald’s closed in downtown Pittsburgh, Pennsylvania. There are no McDonald’s in downtown Pittsburgh. Fortunately, I’m in food service and cooking foods. I do very well. If anyone needs a meal cooked for them I do that as a side job. Be well America. Bless.
    17
  5117. how the heck to people afford (let alone justify) $7k per month in rent?
    17
  5118. My friend lives in Pennsylvania in a mobile home park. She owns her home but rents the lot. A new company bought the park and her rent from $350 to $950 a month and she is on a fixed income😢
    17
  5119. You are helping first time buyers to unite and refuse to buy now nation-wide and fight with the crazy and greedy builders and sellers. so we can afford the fair price
    17
  5120. 75, just over a million, scarred shit less..
    17
  5121. I literally fell off my chair once you revealed the price
    17
  5122. 500k? Not much more than a Home Depot shed 600 ft. 😂. California has smash n grabs like New York. Then the border thing. Lousy forest management and makes wildfires even worse. It needs serious change of leadership. They could've used desalinization plants decades ago too. I knew someone there that said I gotta get off the phone it's raining and need to wash my car.
    17
  5123. My new neighborhood in Florida has HOA rules and one of them is that you cannot block any part of the sidewalk or you’ll be fined !
    17
  5124. My sister got quoted 70 grand for full coverage on 700k structure value in key biscayne. That’s from the private market. Citizens was 30k. Luckily they are able to pay off the mortgage and go naked on wind coverage. This is a hidden crisis people move here and have no idea what coverage costs especially if you are required by lender…..
    17
  5125. I loved Florida for 25 years but population exploded in Clearwater area and rents pushed up to $1,500 for a one bedroom and require you make 3 times more than rent. Average wage is $9 hour so it takes 3 people to rent a one bedroom. Terrible public transportation and slow bumper to bumper traffic. No longer for the average person or retirees
    17
  5126. The reason some people are saying there isn't going to be a recession or housing crash is because they're probably knee-deep in real estate lol
    17
  5127. Does not matter if they go up, nobody is buying and majority will not get a loan anyways. I went to all the crashes in real estate since 1984, all worked basically exactly the same. they can do what they want with pricing, they will still crash at the end. Statistically Florida and particularly Miami always crashes worse then any other state. I got a home in Miami Shores, previous buyer purchased for 658K, I purchased in on Foreclosure for 149K cash. In May 2023 I Purchased a home pass 10th ave and 83rd, buyer purchased 2 years ago for 1.5 million, just got it my self for 750K in Foreclosure, and that is now. if you think this wont happen again you have something else coming. I actually think its going to be worse then 2008.
    17
  5128. The Orlando/Kissimmee area is getting super expensive for locals, I was trying to help a friend look for an apartment and her budget was 1,500 for a 2 bedroom apartment in a central location. Unfortunately, 1 bedroom starts at a minimum of almost 1,500 on average and if she wanted to get an affordable 2 bedroom she would have to endure a long commute or a bad area.
    17
  5129. I called this return to work thing two years ago and several people I know said I was "wrong" and "that's not going to happen". 🤣All of them are back at the office M-F. 🤣🤣🤣
    17
  5130. Indoor videos are just as good it mix it up a bit its nice
    17
  5131. I think this actually hurts first time buyers. As someone who recently bought my first home, I can’t imagine going through the process without a buyer’s agent, even though I know that a lot of agents are pretty useless.
    17
  5132. Neither rain nor snow nor sleet while stop him from delivering the news… no I’m not talking about the US mail. I’m talking about Michael Bordenaro 😊
    17
  5133. She is contributing by waving and saying Hi. :)
    17
  5134. I don't even really want to move to Florida but Idk what else I can do. I have been run out of Michigan by the facist state control politics vaccine passport mentality, high taxes and even higher housing prices! I'm going to over pay no mater where I buy now. Michigan is a joke. Even with the inflated market in Florida my money still goes farther to buy a house.
    17
  5135. That's a nice little house. I'm glad they kept the terrazzo floors. They did a good job remodeling and it shows well.
    17
  5136. I am someone who was a single mom. I did my very best. I worked full time and paid for daycare and after school care for years. At no point was I able to afford a house. However, I do not feel bad for those people who were able to buy a house. Every person is an individual who has to follow their own path. I don't think anyone who worked so hard for good credit etc., should pay one penny to subsidize people who don't have good credit. I don't know the answer but that isn't it.
    17
  5137. I've been in socal for 6 years and if I didn't get caught up trying to finish school I would have moved out years ago. More than half my income goes towards paying rent for my crappy apartment. Moving to Tampa next year 🌴
    17
  5138. I fear people who are buying now are likely to get "rug pulled" and end up trapped in their home. Why? Because it happened to ME in 2007. I bought my 1st starter home for $160k in March 2007 and then the bottom fell out of the market. Long story short, I was forced to move when I changed jobs and when I sold my house, it sold for $120k. I lost all my down payment that I saved for 6 years for, I lost any equity that was in the home and I lost the new windows, appliances, carpeting, lights ect that I upgraded.....and I was LUCKY. I didn't have to go through foreclosure but I know several people who lost everything and one who even had to live in his van with his family for over 2 months. So it's very possible this will happen again.
    17
  5139. Insurance is an oligopoly, most of the National Television ads on TV are of our insurance companies touting their Wares and spending millions of dollars and then the first thing they want to do is deny every claim. On a technicality, of course!
    17
  5140. Can we keep it REAL? Good properties SELL QUICKLY! Sellers should try to sell their properties on their own to start. If after one month and the property hasn’t sold, then you need to come down in price. A realtor is a waste of money on REALLY GOOD PROPERTIES. Realtors selling GOOD properties sell those excellent properties even before they get on the market. Multiple offers with envelopes of BEST OFFERS being opened three days after seller put their property on the market. Honestly! Sell your property yourself. Make sure price is right and you have a good honest property to sell! Then get Title Insurance agent to do the “stuff”. If you paid a real estate agent by the hour, if you have a good property, it shouldn’t be more than eight hours MAX! But that’s why you should sell your good property yourself.
    17
  5141. I'm glad I stayed in the military retired air force. Went in at 19 done at 39. Bought a house in Feb 2014, 3.75 int, 30 yr loan, mortgage was 799 at 130,000 house 3 bedroom on bath, 1962 home. I paid 1500 a month from the beginning my goal was to pay it off in 10 years, close to double my mortgage. In year and half house is paid off, I'm debt free and was able to retire young. Credit cards are the devil, Adam Sandler lol. Life is going good even during the inflation because I live according to my means, my kids are grown and gone to 27 and 28 yrs old. Glad I'm able to have a house paid off before 50. I learned to manage money well at age 35, 4 yrs before I retired praise God for that. Wasn't always good at it, but what you will learn is money management is all your fault, was a hard lesson I had to learn.
    17
  5142. Up scale tents will soon be a hot thing. I live in the Panhandle and I see a lot of poor people in this area. Its going to get bad pretty soon.
    17
  5143. Thank you Michael! Another truthful & important segment of reality. Sellers here in California are still greedy! But, I see in my neighborhood (higher end prices) houses falling out of escrow! For example, two doors down from my house, theres a house under contract for 1,900,000. Two weeks into the escrow, buyers backed out! Lots of neighbors around me have accepted offers for 100k to 200k over asking price! It’s just crazy! People have lost there minds! These homes are not worth it in my opinion! Wow!
    17
  5144. Q. You know how to make people happy to pay $8 per gallon for gas? A. Run it up to $12 for a few months first, then let it fall to $8. You get people happy for 6% mortgages the same way...
    17
  5145. I have seen properties in Miami Beach going for 4 times since last year. Going down 20% reduction won’t even bring the price back to where it was a year ago. Even this one, the property owner can walk away with profit at the reduction of 20%. How can you buy last year to price it twice in less than a year?
    17
  5146. Just putting in my two cents about student loans: while I agree that you should pay what you borrow, something needs to be done to educate teens going into higher education the implications of taking out tens of thousands of dollars in debt to get a degree. I think student loan debt is disgustingly predatory and that frankly most people don’t need to go to uni. Most 18 year olds going to college have no financial education of any kind, and we can really only blame them so much.
    17
  5147. The news told me everything is going wonderfully with the economy though?
    17
  5148. For you it’s just a driving video, for us it really is a way to have some vacation feeling. Especially for people currently in lockdown or in still somewhat cold countries 🥶 Thx for that! Next time I am back in Miami, I’ll invite you to a beer 🍻
    17
  5149. The biggest fallacy about retirement is most people are unrealistic about what their health be like when they get into their retirement years. Even if you have hardly ever seen a doctor, exercise regularly, and take no medication, your health will take a dramatic change when you cross the 65 year old barrier and once again at 70. And I am not talking about illness. Even if you are healthy, your energy levels will be nowhere near where they used to be when you were under 60 years of age. You will find yourself taking 2 naps a day in addition to a full 8 hours of sleep. So when people tell me they plan to work well into their 70's, I wish them good luck, because unless they are self employed and can plan their own day, no employer will give you a break because you are over 65. I have witnessed older managers fall asleep uncontrollably in the middle of company meetings. Usually, they are convinced to retire soon after that. My suggestion is to plan to retire at the latest at age 65 and if you feel like working a few more years, then take it one day at a time. But realistically, everyone so far who told me they would work well into their 70's has changed their mind when they crossed that crucial 65 year old age barrier. And I completely understand why.
    17
  5150. I’m in pretty good shape but one or two emergencies and I’d be in trouble. So I’m not fooling myself that things are rosy, and am cutting expenses where I can.
    17
  5151. Michael this is the kind of stuff that people need to know.. I understand you are a real estate guy...but all things are connected and I know you know that. Great video.
    17
  5152. It just means that condo prices need to drop more. It's basically an apartment that you pay for with a lower monthly fee.
    17
  5153. The rent is too damn high!
    17
  5154. They don't want to call it a recession because they are in charge
    17
  5155. This will definitely work out in the buyer’s favor. 1) Most buyers already do most of the leg work already, when it comes to where they want to buy a home. 2) Buyers can always contact the listing agent to set up a home viewing. 3) Buyers have the option to buy a home using a realtor lawyer to hold their hand…. for a flat fee. 3) there’s tons of information online to help educate your self before venturing out.
    17
  5156. For some reason, we have this mindset that if something isn't "digitized," it is somehow outdated, inefficient, and obsolete. EVERYTHING has to be electronic to some people. The digital license plate made me think of a conversation I had with someone a while back. A person I know knows that I love to read. So, they asked me why I haven't gotten a Kindal. My response was what the heck is wrong with paper books?!!
    17
  5157. If I lived in the Bay Area, I would do my best to support this guy's business. Clearly it's not easy, but I admire him for his dedication and creativity.
    17
  5158. I thought you were gonna walk her to death glad she made it ... 🙂
    17
  5159. I have been a board member of my building and having to deal with people in different state of mind and funds. You serve for free and dealing with people who bitch and complain. Hard to get people to be in the board.
    17
  5160. 🔥🤘🔥 Absolutely love the guitar playing. You rock, dude! Don’t stop playing!!
    17
  5161. None of those homes are "Million" dollar homes.... more like $300K tops.
    17
  5162. Drug dealers, cartels and traffickers can buy with cash
    17
  5163. One of the perks of living in rural Wyoming… Things don’t really drop in value when other cities are getting hit hard…But on the other side, things don’t appreciate much. 😆
    17
  5164. All by design to screw us over ❤
    17
  5165. Wonder who still has the guts to buy or live in a condo after the surfside tragedy.
    17
  5166. I think branching out to the lifestyle style content would be pretty cool to watch
    17
  5167. I'm all for it. No foreign investors should be allowed to buy property in the Us. Just like in other countries. Thailand for example.
    17
  5168. No need to make stupid purchases on those CC you don't regularly use. Just set up an auto pay for a cable bill, Netflix etc. The set it up to auto pay itself and you're done. That's how I work those cards in my draw I don't regularly use.
    17
  5169. I have some friends that retired and had a house built in NC. It took almost 3 years to "complete", and there are serious problems from top to bottom.
    17
  5170. I'm saving money but I have less social life. I had to become more of a hermit to save money and pay my debt.
    17
  5171. Great content Michael! Looking forward to buying a place in a few more years, don’t mind waiting a little longer if I have to. 🙏🏻
    17
  5172. Michael, thank you for your content. I look forward to your videos everyday. Too many people have their heads in the sand and don't want to hear the truth. In my opinion your views and opinions are spot on.
    17
  5173. $1.3 million for that?! No wonder so many people are homeless.
    17
  5174. If sellers didn't unload by now they are in for a rude awakening. This recession/depression is gonna be over a few years.
    17
  5175. Please be careful out there Michael. Your content is factual, truthful and transparent. Thank you.
    17
  5176. This is why I've traditionally paid cash and set up my own private insurance account. The good news is I've been fortunate through the years and not had to draw from that fund. Now I can rebuild my house four times over or more with the profits I've acquired from the fund. It's a beautiful thang.
    17
  5177. ​ @MichaelBordenaro , I have been debt free since 2012... the greatest feeling in the world. My IRA'S and 401K's are flat. I hope with Trump back in office will truly turn the economy around 😊
    17
  5178. We had 6 or 7 inches of snow with more coming tomorrow. So I just wanted to hate on you out there in a tank top 😂😂😂😂😂😂❤
    17
  5179. Thank you to our host for this walk-around outdoor segment. Learned a lot.
    17
  5180. I don't generally care for the government, but in this instance I need to applaud Jerome Powell. The housing market needs to crash badly for the good of our society. The HOUSING market… What is housing… Shelter. Not an ATM, not even an investment (maybe indirectly). The main purpose of housing to put a roof over people's heads to keep them out of the elements. Are the likes of Blackrock purchasing housing to put rooms over people's heads? No. Did most of the people who bought in the last year do so for the main purpose of shelter? Probably not. It was all greed, fear of missing out, wanting to make money. It's ridiculous that you have people working 50 hour week jobs and they can't even afford housing. You can even have some reasonably responsible people who did everything by the book and everything they were told, and yet no housing. This idea that people have to move to Oklahoma City just to afford housing is absolutely stupid. Yes you need to do what you need to do and if it takes moving to Oklahoma City, so be it. But the government caused this housing problem with 0% interest rates for so long, and the only way to clean this mess up is to Jack those rates back up. Let the housing market crash. Let the speculators burn. And let the 1st time buyers and common folk finally have a crack at this thing for human sake.
    17
  5181. I was in Miami 5 years ago. Those $800k houses were $400k Those $600k houses were $300k Those $400k houses were $200k I just don't see how any significant amount of people can afford $600k-$800k. That works out to $4k to $5k a month before utilities!
    17
  5182. People are not being honest on the survey. Add about 20%-30% and you'll have the actual results. Most people will not be honest about their financial security. Some people don't even tell their own family, so why would they tell a stranger?
    17
  5183. Life in Florida seems more laid back and California is more fast paced. Just depends on what you prefer.
    17
  5184. Lol, oddball here. In the same home for 20 years and not moving! 😎 Love your channel!
    17
  5185. I stopped by Kroger today in TX to pick up a couple items for Thanksgiving (no turkey, no stuffing, just essentials). People were literally walking around the store in a daze, their mouths gaping in astonishment. It was really sad. The prices are through the roof.
    17
  5186. They will raise rates to lower the available jobs. I think mortgage will go to 10 % by 2023.
    17
  5187. Well I agree, I want the value of my house to go down. I’m being priced out of my home because of property taxes increasing with an unrealized gain I may or may not ever see. Taxation based on unrealized increase in value should be criminal.
    17
  5188. You totally nailed it Michael! This student loan forgiveness is criminal! Me paying for someone else’s degree while I work hard every day is so infuriating! This was all about paying Biden’s voters and it will definitely raises inflation for the next 10 years. Putting this on the tax payers is just wrong! Let’s Go Brandon!!!
    17
  5189. When I was in CA, I rented and my rule was never buy anything I can't move in my car. It really can be cheaper in the long run. The only issue is when the rents skyrocket like it has in the last few years. When you retire your housing costs are fixed (other than taxes etc.). I could move in a weekend in most cases.
    17
  5190. I love how thorough you are with each beach video. It's appreciated.
    17
  5191. So I live in a camper at a campground and move locations every 1-2 years. Life has gotten so much nicer and easier since living this way. Yes the costs of stuff has gone up, but I'm still able to put money in savings every month. Im afraid to buy a house or land right now. I know i can do what im doing now without loosing anything.
    17
  5192. This is me watching Michael's videos: "Yep, that's right" "I told that real estate agent the same" "Amen" "It's so simple" "Amen" "Good point" "Preach Michael, preach"
    17
  5193. I think they're getting tight with shaky credit but if you've got good credit you're probably getting more pre-qualified credit card applications than ever I know I have
    17
  5194. If we remember Surfside (Miami-Dade) and the Champlain Towers, they had a huge quote to correct structural problems. No reserves. The building owners did not agree to pass a special assessment
    17
  5195. Happy Easter!
    17
  5196. The only electric vehicle I would be willing to have is an electric bike for local travel. Excellent video today.
    17
  5197. Beautiful!! Could you do a driving tour of St Augustine?
    17
  5198. Left my job in 2013 in downtown Miami, yes traffic has always been bad. Imagine being on 95 when it’s raining.
    17
  5199. Target 🎯 Trans kid clothing on sale! 😂
    17
  5200. Unbelievable, and so sad, especially seeing that little bunk bed on the top floor open to the air. Definitely a wake up call to pay attention to building maintenance, but I guess it could have been a sink hole or something. Hoping they recover the missing alive! 🙏🏼
    17
  5201. Such beautiful scenery! Thank you for these vids you are doing, it's pretty cool to see different parts of Florida, and get your take on them.
    17
  5202. Throughout US history until the 2000s, housing prices have been about 2-3 times the local median salary. So a market with $50k average salary should have regular middle class houses selling for $150k. Going by that as the true market equilibrium, every single market is overvalued.
    17
  5203. The Real Estate problem will solve itself. I’ll rent until then. The listings in my area just piss me off. Every listing is double or more from being recent purchased.
    17
  5204. I will gladly overpay for my property taxes if it means I get early releases of Michael's videos.
    17
  5205. $162,000 a year for property tax! i don’t care how much money i have, i’d never pay that much for a house on the water
    17
  5206. But will those newly-built rentals (mentioned at 8:35) coming soon be affordable, or will they be "luxury apartments"?
    17
  5207. Rates went up today by a quarter percent.
    17
  5208. Brutally hot for 9 months out of the year 🥵
    17
  5209. The young people are used to today's reality and feel that's just the way it is. So kids are pooling their money and living together so they can have an investment. I lived in San Diego for years and houses went for $250k for 1 hour commutes, $400k to $500k close to work (that was 15 years ago). I thought no way am I going to buy since I thought it was the peak. Well 10 years a later when I left, the houses were at $750k to $1M. I could have made some money if I bought. I'm not a risk taker but most young people are since it is relatively easy to walkaway if the market crashes. Looking back you should have bought whatever you could afford. Someday this is going to break but it might continue to go on for quite awhile or the Fiat money will continue to reduce spending power which will raise the value of hard assets.
    17
  5210. The Comfort Zone is a parallel dimension to the Twilight Zone 😂
    17
  5211. Michael, that $1,000 more a month in household expenses starting next year is crazy. Add this to the money that you are already spending for household expenses. That’s money that could have been invested for living and for retirement. It’s going to be tough for a lot of people in the future.
    17
  5212. Love the videos. Everything you say is common sense, sad how so many people don’t have it. Everyone should do themselves a favor and use common sense, not listen to these “experts”. Keep the good info coming Michael!
    17
  5213. My home insurance doubled the last 2-3 years. Was $1000. Now $2000
    17
  5214. OMG, this is just the sweetest! What a wonderful father you have, Michael!
    17
  5215. You mean like our Gov?😂😂😂
    17
  5216. I think you mentioned in past video where this was deliberate so they can get the workers to quit on their own and not pay out any unemployment benefits.
    17
  5217. One thing I’ve learned about employees is they can only work alone for so long, it’s actually causing depression - people need other people and not on a screen 😄
    17
  5218. I am on a lot lesser scale but I avoid leaving my house because it always cost me $100.
    17
  5219. The rent is still too damn high!
    17
  5220. Sellers are better off taking the first offer because the next offer can be months and months later .
    17
  5221. One thing I've recognised about the economy and the housing market is that they're like the weather. There are good days and bad days and you should definitely take advantage of the good times.
    17
  5222. Inflation is feds fault,with interest rate cuts the 10 year Treasury will rise causing higher borrowing costs,then causing higher inflation..... amazing....
    17
  5223. This inflation rate is not correct, two years ago I could buy strawberries for 1.5 $a Pint now it’s 4 to 5 $ per pint how is that just a few % points?
    16
  5224. It seems that greed here has replaced common sense and decent pricing!
    16
  5225. In 2017, I had about $40 K remaining on my condo mortgage and slightly more than that in emergency reserves. I wanted to club the remaining mortgage without losing my liquidity. I simultaneously opened a Heloc for $50K, then killed the mortgage balance. With no mortgage to pay, I quickly reconstructed reserves, then killed the Heloc (never used $1 of it...poor bank, LOL!).
    16
  5226. Hey Michael, Great Content once again. Usually, haters are jealous people. They are probably the same haters that come back time after time and give nothing to the conversation other than hateful content. They could also be your competition in disguise. However, look at your subscribers! I think I joined around 35-40K or so and just in a few short months, you have really expanded your audience and that is something to be proud of!
    16
  5227. They just raised our property taxes to $2,600 on the NC Coast, ( 3 min. from the beach ⛱️)
    16
  5228. Everyone has cut spending. Everyone knows the economy is about to crash.
    16
  5229. Oh man, she’s under water. Her broker is terrible. Not sure how she’s able to get through. My broker was exactly the same thing, was pushing us to get this house, but we didn’t feel comfortable at all to be out of all of our saving knowing my kids are heading off to college soon. So we didn’t go for it. Just live within our means. In hindsight that conservative move was the best decision ever made.
    16
  5230. Now is a good time to sit back and watch. Save your money, (yes, it's devaluing... I know), and when the right moment and deal arrives, take action. Don't over leverage, don't buy into FOMO, don't be in a hurry. Good luck!
    16
  5231. I'd rather just rent something there.
    16
  5232. This has all been organized & created by design!!! I have noticed that salaries have been stagnant since the early ‘90’s. Interest rates on savings have been meager forever! Why even bother putting your money in a bank. No one seems to know how to budget or manage their finances anymore, including politicians. Yet they continue to do the same thing over and over; and never learn from history … isn’t that the meaning of insanity! Totally clueless. My country Canada is already bankrupt and they continue to print money! Absolutely despicable! Thank goodness I am now retired!
    16
  5233. I was able to sell my home in the Villages Florida last month. I was able to sell it on my own for 935,000. It was valued higher than the sell price but without the realtor fees I did better than if I would have if I went with a realtor. A win win for both sides. Glad I did it!!! Was able to purchase outside the villages for a great price. Very happy
    16
  5234. You are definitely correct that “the little guy” has zero rights anymore. Big money wins, every single time
    16
  5235. My homeowners insurance went up 25% in 2023 and another 25% in 2024 in Texas. Still glad I'm not in Florida.
    16
  5236. Hey Michael, I enjoy watching you daily thank you !! Why is everything is getting so expensive..it almost feel like people have more money … this it what it feels like . I took my car to the Ford dealership for repair , they said it will be 3 days before they can even get to it to diagnose the issue . It doesn’t feel like recession to me . Would love to hear your take on it .
    16
  5237. It’s crazy that YouTube put a Zillow commercial contradicting your entire video right at the end. They feed off of ignorance. Thanks for the information. 😊
    16
  5238. I think it is important to remember that unemployment is measured by people filing for unemployment benefits. We have a lot of people not working and for various reasons not able to qualify for benefits. I don't think unemployment is as low as numbers say.
    16
  5239. Great video! Nobody else is addressing the ibuyers and syndication groups that are scrambling for a different income model or trying to sell expensive coaching programs to teach others how to buy more properties right now. It's clear that history is repeating itself right now. Keep up the great work 👍
    16
  5240. Another note on the SF vacancy fine — 182 days is very specific. They’re going after property owners who aren’t paying California income taxes. This is their way of “getting even”
    16
  5241. Yeah, chasing a "lifestyle" is the worst thing you can do for your finances. Been there. Done that.
    16
  5242. The title should be “The new 10 best beach places to live in Florida”. This video is good for those looking to live near a beach, that’s it.
    16
  5243. That cost to charge a car is beyond ridiculous! The copper is being stolen from the electric charging stations here in the sf Bay Area.
    16
  5244. Michael I personally think people are asleep at the wheel. They refuse to see that everything is coming to a scratching halt quickly.
    16
  5245. Same thing happening here in Phoenix, AZ. Traffic has increased so much over the last 3 years.
    16
  5246. I would so dig it! I think I’d rather be outside walking in the dark with that nice ocean breeze than stuck indoors.
    16
  5247. Michael ... I’m originally from suburban Chicago. My Mom (88 yrs old) has said on several occasions ... “don’t even think about coming back to Chicago or Illinois for the matter to live. It’s really messed up! My sister mentioned that once Mom is no longer with us, my brother and his wife will probably leave a Illinois as well. To just add to the subject matter here ... I think nowhere is perfect. Perfect is what you make it to be in your attitude and heart. Also I agree with the lack of English in Miami. Hell, I recently got off an American Airlines flight at MIA and asked an agent a question and that agent refused to speak English. Perhaps she shouldn’t be working for American Airlines. Nice city for a weekend getaway but I certainly wouldn’t live there. I’d live up in Ft. Lauderdale which is much much nicer than Miami, less traffic, and English is spoken. You’re right about Florida ... it has two seasons hot and HOTTER. 🙄
    16
  5248. I have a rental property in GA. If I sell it, the state of GA wants 60% capital gains tax. Add that to the federal capital gains tax of 44.6%, and its going to cost me 104.6% capital gains tax to sell that house. I will LOSE money selling a house I have owned for 20 years that has doubled in value.
    16
  5249. Yes, and home prices will fall past 2019 lows along with stocks falling past 2020 lows.
    16
  5250. My girlfriend and I at the time in New York we’re looking to buy a specific house and the sellers were wrapped up with the real estate agent that we called to see the house and they disclosed nothing including the fact that the plumbing was a disaster and the place had burned down and just been painted over and patched up. When we were there with our two friends who were a fire fighter and a contractor helping us inspect the place our friends were laughing at what disaster the house was and the realtor took both of them aside and tried to bribe them to tell us the house was great.
    16
  5251. Rediscovered frozen pizza, have not had it in close to 40 years as I just moved on from it and forgot it. But really for $4.95 it is a great replacement for $20.00 pizza at the restaurant. IF I am plucky I can get 2 for under $8. Live, adjust, and save $
    16
  5252. Congrats Mike! That's really the only way you're gonna get any type of "deal" in this housing market right now. You should upload some DIY videos of some of the improvements you plan to do
    16
  5253. The Pinellas Trail goes all the way down to Downtown St. Petersburg, right down to the Pier. And I concur with the other poster its pronounced "Duh-nee-den". :)
    16
  5254. Absolutely love both of your contents/Channel’s! It is so tough for us millenials out here. Our plan was to move to south Florida end of 2023 and buy mid 2023 but with this craziness, my husband is thinking about extending for 1 year in the military and stay where we are a bit longer to be safe.
    16
  5255. I'm hoping to retire to a mobile home park on a beach in about 10 years, and yes, the park being sold and evicted is the only real fear I have. I can only hope that the banks and country will be on better financial footing by then, so that mobile home parks won't be sold to squeeze out the last penny.
    16
  5256. I knew someone who owned a building that was empty. He got squatters. They sued him because he wasn't providing utilities. Luckily for him they didn't show up to court because (this was in California) they would have won. He would have had to turn on all the utilities in their apartment that they were squatting in & probably pay for them too. If you think it can't happen, check in California because it probably already has.
    16
  5257. Happy Belated Birthday, Lizzy!!! 🎉😊
    16
  5258. Sad to see all the masks again, outdoors too. Come on FL.
    16
  5259. That's an interesting question: Would you rather be broke and homeless, but with no debt, OR employed, in a home, but hundreds of thousands of dollars in debt? I would need some time to think about that one.
    16
  5260. I know of a guy who built a house and a year later a forest fire destroyed the house and his neighborhood. His insurance company offer him $200k less than it was insured for. When he complained that they under paid him according to his policy he was told he could sue and likely win. However, the insurance company would drag to court case out for at least 8 to 10 years. So he could take the money now or wait to see if he could collect, all the time continuing to pay a mortgage on a house that was burned to the ground.
    16
  5261. Amen on the pricing comment. When I see two homes in the same zip code, listed within 10k of one another, same square footage, and one has updates and the other doesn't; the one with updates will be under contract in a few weeks while the one without updates sits on the market for months.
    16
  5262. I have noticed 2 in my neighborhood this past month
    16
  5263. There should be some sort of legislative action to limit the percentage of houses investors can buy out of each neighborhood, and some sort of "Build for the American Family" initiative so builders don't just build whole new neighborhoods with the intention of selling to wall street.
    16
  5264. Dude, look at where you at now. It's a beautiful place where you wanted to be and you look happy. You took the challenge and for a happier lifestyle. Nowadays, distance does not matter anymore, it is love that always brings you and your loved ones together no matter where.
    16
  5265. Keep it up man! Thank you!
    16
  5266. Cash. .. bought my first home in 1984. .. cash. Never finance anything…. Not even a car !!! I haven’t had a credit card since 1988.
    16
  5267. It's a big club, and you aint in it!! (George Carlin)
    16
  5268. Your best videos are the ones with Lizzy walking with you. She makes a perfect complement to the backdrop and your videos. She is always elegant with her choice in attire. Not many women wear nice dresses nowadays. Hope you have been enjoying California. I am looking to move out of here next year. I choose to rent but it's become too unaffordable besides the horrible politics
    16
  5269. Love your channel bro🎉
    16
  5270. "Growth Recession"? Sounds like anything to say something "positive" during election season.
    16
  5271. Great stuff Michael! Especially about the gold standard. People really need to study that fully.
    16
  5272. Makes it quieter for those of us who still work in the office Not a bad thing!
    16
  5273. 15000 a month geez I need to sell what they are smokin 🫠
    16
  5274. Thank you Michael. You missed Venice. This is a cool little town. Very sleepy but 10 minutes away Sarasota. It's just charming. Great healthcare, low crime and it's named after its sister city in Italy. Once again great video💖
    16
  5275. So incredibly evil.
    16
  5276. 😅we don't get financial teachings in slave school; 😅you might realize we live in a system of 100% theft🙈🙉🙊
    16
  5277. posssibly this is just a tactic to get people out of mobile home parks and put the land to another sort of usage, in other wrods someone has decided that the land is undervalued in terms of income potential.
    16
  5278. The term strategic default is about to come back into style.
    16
  5279. Curious how much this will effect insurance rates in Orlando for example. Not prone to hurricanes but homeowners/condo owners will probably have to make up for the shortfall
    16
  5280. You're the best Michael! Don't fall for the BS that's coming.
    16
  5281. My father works in HVAC as a lead tech/sales and not a month goes by that he gives a new home owner a bill for 10k-20k for a new system and they say they don't have any money because they used it all buying the house and didn't save anything extra for repairs to the house they just bought.
    16
  5282. This will absolutely crush this market. Florida may be the first domino to start the bubble pop
    16
  5283. Home prices only matter if you are buying or selling. Prices skyrocketed in my area but since I wasn't going to sell it didn't matter. Theoretically tax adjustments are neutral, but we know that's not the case.
    16
  5284. I couldn’t agree with you more. Stay out of debt and save for a rainy day. Simple advice but so true.
    16
  5285. We're still doing that Sunset party in Clearwater Beach every night even through the lockdown
    16
  5286. I agree with you 100%! No seniors should be paying property taxes or school taxes at all.
    16
  5287. Thank you to our host for taking us along on tour for these important daily segments. Glad the good weather has returned.
    16
  5288. Great video. As an Econ teacher, I can say that your take on contractionary monetary policy is spot on. Also, nice RVCA tank. They need to sponsor you. Happy New year!🎉
    16
  5289. BTW The landlord said he would evict me and I would be out in 3 days. I laughed @ him and said good luck with that. As you know, eviction takes much longer than that, especially if you are willing to go to court. I bet that eviction docket is piled up.
    16
  5290. My mom 82 and her husband 86 love living in West Bay Indies in Venice Florida. Their rent went up to a $1000 a month. In their paid for customized triple wide next to a pond. It is a 55 and older community. Multiple tennis courts,and heated swimming pools, and dinner theatre. Mom rarely cooks a large group of friends take turns. It comes out to once or twice a month that they host dinner. They priced off site in a condo and having to access all the amenities. It’s cheaper in their community. They’d love to welcome you to do an interview of respectable park living. Mom swims everyday and Richard walks 4 1/2 miles a day. They are much happier living in Venice Fl. In an awesome community.
    16
  5291. I've been tied up in an HOAfor years & never again. They are not worth what they charge you. Too, I just sold a big house I lived in for 23 yrs. I'm paying cash for some land & having me a manufatured home built on it, the small size I need & for much less so I can afford to travel & enjoy retirement instead of being tied down with a big house. Houses are not even worth half of what they are asking for them today & the taxes should be illegal. Past time to speak out & fight back for a change.
    16
  5292. When that photo popped up of Ramsey, I spit my tea out. Lol
    16
  5293. Michael, thanks for this excellent and unbiased content. Super helpful for 1st time buyers. Your channel is going to skyrocket.
    16
  5294. My experience has been there are not a lot of job opportunities in areas where the rent is significantly cheaper. Unless you can get remote work, it’s not much of an advantage. Longer commute times eat up your savings through maintenance, energy, and opportunity costs.
    16
  5295. The recession may be what saves this housing market!
    16
  5296. November was freezing in the mornings and did not like wearing a sweatshirt all the time.. In the afternoons it was nice but not my kind of beach weather. As a kid we used to take 14 hour road trips from Illinois to Fort Walton in one shot. Kudos to my Dad. You cannot beat the diversity and culture in Florida. I like the driving videos with narration too.
    16
  5297. Hey ! What happened in Florida was a wake up call so very very sad, I would be the first to get out don’t wait until this happened again , I don’t see how anybody can sleep at night in those high level buildings ,
    16
  5298. Florida maintenance is real. Just paid $800 to cut back all my trees in preparation for the coming hurricane season. It was $675 last year. Same trees, same landscapers. Tree maintenance pre-hurricane season is a necessity. Oh yeah, if you were renting and bought a Florida home - price in some pressure washing every year to keep decks, driveways and porches looking good.
    16
  5299. The focus is that the top 10 wealthiest people in this country are growing their wealth so fast as everyone else is broke. Politicians become super wealthy and are pretty much immune from the law and the wealthiest are vacuums to the money printer.
    16
  5300. I retired at FRA in 2020, however if I had full knowledge of what was to come I would have kept working, probably forever! I now have a few part time jobs since just traveling or sitting on my deck do not really interest me. Love to listen to your videos as your insight and analysis are amazing and spot on!
    16
  5301. The first boot has dropped with the failure of the Silicon Valley Bank. Many millionaires and billionaires just took a over $100 billion dollar loss. It will probably generally short term of between 6 months to 2 years for it to work out but they will absolutely NOT be getting it all back. Most very high income people have their wealth in hard assets many of which are "mortgaged" up to the hilt to buy other assets. If they don't have available cash to pay those creditors then they may have to sell. And with no other buyers, the value tanks. And so it begins. Job losses and business closures ad infinitum.
    16
  5302. Remember the 2001-2008 real estate bubble? They started cutting rates at the end of 2007 and the market stagnated, then in 2008 the whole thing blew up- then the Fed financed the biggest bailout yet. Houses around me in Miami that were selling for 400K fell to as low as 90K. It was funny how Diesel prices went from 5.00 a gallon to less than 2 dollars by the end of 2008. Up till 2012 you could find really good deals. I was making out buying tools and equipment from people desperate for money. The stock market fell at the end of 2008 but as of March 2009 the Fed's funny money stopped the drop and the climb has continued to this day. My car insurance went up as well despite my coverage only being the minimum which has not increased benefits in decades.
    16
  5303. Not to mention old folks that I have lived rural for years that didn't expect another bout of Democrats vote buying who suddenly found their property taxes raised to high heaven
    16
  5304. When you de-fund the police shop lifting will always go up! Such a shocker 😲
    16
  5305. The cat said, "I got evicted. No longer afford the rent payment." 😁
    16
  5306. I'm skeptical that the housing market will ever return to reality. If a major recession is on the way, do you really trust the government to allow the housing market to correct itself with no intervention?
    16
  5307. Caribbean girls are the best
    16
  5308. I'm starting to see those U-hauls with the personal car in tow heading north on I95. Those are the people leaving Fla. for good. I still see about 3 to 1 ratio of those coming south vs north. I mostly see them on Sundays. Last several years it was only southbound. Yup, Florida is to expensive.
    16
  5309. It is a known fact that the Chinese government has plans to buy US property for various reasons. One of which is to artificially inflate the market to price US consumers out. This has already been done in parts of Canada.
    16
  5310. Keep up the good work Michael. You are not being fear mongering, you are stating the truth. My husband just got laid off from his new remote work job. That company is still doing well but they are laying off high income managers to cut cost as prevention. Fortunate we are not struggling with just my income.
    16
  5311. Thank for the great information Michael! Our condo fees have gone up 10% each of the last 3 years and we have a special assessment fee on deck. The association is well over 35K in arrears we've got cast iron drain throughout the complex that been dog patched and needs to be replaced among other things. We're fortunate to have our place paid off but I would so welcome a developer to come calling asking for a respectable buyout. I'm glad you talked about that developer/buyout situation that's occurring in Florida a previous video. Our complex is 40 plus years old and in an excellent location to desirable schools. Maybe I need to make some phone calls!
    16
  5312. The insurance issue is uncontrollable outside buying a newer build with updated building codes. This is something that can wreck retirees...most eventually just drop it but don't sell ... Then the recent hurricane hits them. It's high risk living in FL (retiring) if u can't afford a newer build home.
    16
  5313. Over 8 years I've paid $15k+ removing trees. Not the kind of thing easy to do by yourself. I would have still bought the place because I love it and I got it at 3% but repairs can be expensive.
    16
  5314. 8:47 Since being homeless at 18, I’ve had eight apartments that I rented. I’m sick of the instability and want the stability of a place to call my own, (although we never really “own” because of mortgage and tax obligations).
    16
  5315. "The great thing about mobile homes is that they're not that mobile." That's the credo of investors.
    16
  5316. Squatters can't stay in the property 24/7. As soon as they leave, change the locks and leave their belongs outside the property.
    16
  5317. I moved from Ohio to Tampa Florida for that #1 reason. Shoveling snow for 5 months and ice scraping your car windows before leaving home or work gets old. I was going to dedicate an entire channel just for this topic but I don’t have any video editing skills. Luckily for me, I didn’t have to look for work when I moved. I simply transferred my job so no cut in pay or loss of seniority. Only downside for me was the cost of living was MUCH cheaper in Ohio than Tampa. But you know what, I don’t mind forking out the extra dollars because I can comfortably walk to my mailbox in February while wearing flip flops.
    16
  5318. Excellent video Michael. Thank you. Remember, much of the FL Keys construction is on a solid base (coral rock/limestone). SW Florida is a different geology. Values in SW Florida will be back within 4-8 years, depending on how our overall US economy recovers.
    16
  5319. My only concern with this take is that rents remain extremely high everywhere and show no signs of coming down. Demand for rentals is high and it’s the same or cheaper to own an overpriced house right now than it is to help a landlord make a killing each month on rent. Just a thought, big fan of the channel!😮
    16
  5320. One of your best vids of late.
    16
  5321. If you look into the History of the 401K .... TED BENNA has been given credit... to transferring retirement plans from corporations to the workers / employees paying for their own retirement.. IT WORKED adding more profit for Corporations... WE ARE BUT A BUNCH OF SUCKERS... I HOPE they bring this system to the ground !!!! 🍷
    16
  5322. I responded to someone on IG about him talking about paying his student loans again, right. I said at one point…”Ummm well, I am sure you didn’t go out and buy a more expensive car.” And he replied that he did and that he believes that he shouldn’t have to pay back any of his student loans. Then after Biden read his teleprompter, he said he is now in his “On Ramp Era”. These people, you cannot make this up…
    16
  5323. Florida Insurance is a Hot Mess and I don't see it getting better anytime soon. Along with rising taxes, Assessments, HOAs, etc... not good. Citizens won't cover an over valued home, go figure. They know the homes are over valued but Florida will still increase your taxes, etc...Realtor just said we will have a another housing wave and they are talking about foreclosures. Thank You Michael and Happy Thursday!
    16
  5324. Gasoline was $1.79 a gallon where I live in 2020, but at least twice that since 2021. What could have happened? I wonder why the cost of everything else went up too. It's a mystery. The stimulus checks devalued your savings by that amount.
    16
  5325. Michael, thanks for keeping us informed on the crazy insurance situation in FL! I have a question about wind/hurricane mitigation. When you're buying a home, would the home inspector automatically include the details of any mitigation that's been done or is that something you specifically need to ask them to include in their report?
    16
  5326. Florida and it’s not so honest roofing, construction companies, and homeowners share a lot of the blame. Had the fraud over the years not taken place along with the lawsuits a lot of companies would’ve stayed. Not too many things going a buyers way especially those who need to finance.
    16
  5327. St. Augustine is an awesome place because it has so much history
    16
  5328. I have to laugh at all the greedy home sellers,... who jacked their prices up to insane levels when interest rates were low,.... but,.who now are indignant about lowering their prices when interest rates are high.They can kiss me where the sun doesn't shine.
    16
  5329. Thanks for the video. That was a good one. It answers many questions about the differences between RVs and Tiny Houses. Keep em coming. A Tiny house isn't what I hope to own; however, that was good information to know and understand about the differences. That begs the question, where in South Florida would you say might be the best places to buy land and have your own house built? Maybe you can scale that down to certain areas of south Florida better than me? I saw a video on Port St Lucie about a year ago. Buying land is a way you don't necessarily have to fall under a HOA; thus, a possibility for savings and more freedom. i say this because most places I like in South Florida are in a HOA, but I would like to have an RV some day. I would have to pay to store a RV it in most HOA communities. However, if I'm not in a HOA community there is some storage savings that is significant. What do you think? Maybe do a video for everyone can benefit from the info?
    16
  5330. Florida boomers: “You youngsters just don’t work hard enough!!” Also Florida boomers: “Yes of course I’m selling my piece of junk house for $3m even though I paid only $50k for it”
    16
  5331. I love the content and the views of the rich neighborhoods you walk through. I make a pretty serious salary in Long Island but I find it asinine how expensive housing is. I do well and can’t imagine how anyone with more average income even do it 🤷🏿‍♂️ it’s crazy
    16
  5332. I'm glad you mentioned the real cause of inflation. People need to hear it.
    16
  5333. man, I thank god I am a hillbilly. I could never live in this debt madness where you put money and belongings before your own family. and friends, people have gone crazy over greed and money, always wanting more and never getting enough, hard times have never been a problem to a hillbilly we have mastered hard times. I got to go check my catfish traps had me a 16 pounder in one last night. wishing everyone the best.👍
    16
  5334. Thanks, Michael! Hi, Lisi! You’re both looking fresh today.
    16
  5335. This looks way better than anything Florida has to offer. Why did you leave it? Looks like paradise compared to Miami.
    16
  5336. 18 years onto this south west Florida living from NH, and am STILL not acclimated to this insane and relentless heat and humidity. It's literally soul sucking.
    16
  5337.  @MichaelBordenaro  People like us that work 6 to 7 days a week all day tend to succeed.I haven't taken a day off for 3 years except a few hospital visits in 22 when I had a emergency ostomy. I was back to full work days the first day out of the hospital. I thought it was going to be easier working for myself 😂😂😂😂 That was the dumbest ish ever. I try to be extra supportive of your channel because I really admire your work ethics. We differ on opinions occasionally but I never see you not consistent.
    16
  5338. AT this point I am so happy to be renting. Here in $eattle, my renewal notice just came in with a 10% rent rediuction. To all the fools who think the slow landslide in pricing is not here. Reality check. We are on the skids. Enjoy the ride down the razor blade of life. Bordenaro warned you.
    16
  5339. Learn to adapt buy either a single wide or an RV and be debt free instead 🤔
    16
  5340. Nick originally called for a housing crash to begin in late 2021. Since then his predictions have continued to be pushed back and he’ll never admit to being wrong. Sorry but without humility from him I can’t value his analysis
    16
  5341. Even though the percentage was 7percent in the 70s.the price of the home was very cheap
    16
  5342. I did a lot of unplanned spending during Black Friday because insane deals were being offered. I stocked up on a couple years of running shoes because I got them for $74 instead of $160. So, the mega deals pulled in years of demand for some items for me.
    16
  5343. One of the nice things about California is that property tax assessment increases are capped at 2% or inflation (whichever is lower) after you buy. I bought 5 years ago and my property taxes haven't noticeably changed from the first payment even though my house is worth almost double.
    16
  5344. Looking forward to you getting your 100k YouTube Play Button, Michael! You’ll have to show it off in a video!
    16
  5345. Majority of people think that houses are still appreciating and don’t pay attention. Soon as people realize their equity has been eroding they will panic, rush to the market and will finally get the inventory boom. Already starting.
    16
  5346. There’s a house here in town that’s been on the market for 180 days. They’re asking $150K, when just browsing through photos online, I can tell it needs central air / heating. Insulation. And probably foundation work. The market is still insane
    16
  5347. 6.49 for a small bag of Salad Safeway. Are you Kidding.
    16
  5348. Don't drop uninsured motorist coverage. You said yourself a lot of illegals without insurance.
    16
  5349. Throw them shoes away 😂😂😂😂😂 💩😔💩
    16
  5350. I'm sure it's realtors that are pushing concessions to control the recorded comp prices! Buyers don't know better.
    16
  5351. Everything is currency as long as the other person is willing to accept it.
    16
  5352. Wall street investment companies are buying starter homes. Homes are now commodities. People have to pay the rent on their primary residence, it is a guaranteed 10% in a few years for the investment companies. Neighbourhoods will just degrade. Investment companies will not keep the community like a homeowner would.
    16
  5353. Bottom line is that insurance companies make huge profits so that shows that the odds are in your favor 👍, great video Mike!
    16
  5354. When I lived in Jacksonville, I saw a lot of out-of-state license plates from the mid west and New York. I even saw an influx from New Mexico. Crazy! I was born and raised in Panama City BTW.
    16
  5355. I live in TX and back in the fall there was a notice attached to our bill that said due to inflation all bills will have a 13% surcharge due to inflation…? Huh? I thought to myself inflation on electricity?
    16
  5356. It’s all collapsing- bring it on
    16
  5357. Congratulations MICHAEL on 200 and thousand subscribers. I can’t wait until you hit 1 million you and your wife are wonderful people and I wish you nothing but the best again as always phenomenal video. You’ll always never go wrong when you tell the truth peace be with you brother.❤
    16
  5358. I'd rather live in a trailer on some acreage than buy another home in the city! Hopefully the economy balances out in the next 4 years so I can escape the city.
    16
  5359. I was just being nosy wanted to see what it looked like before the collapse.
    16
  5360. Well the number one reason why everyone is moving there is stupidity. Once you move down there and realize it's not like being on vacation. Jobs don't pay good the traffic is crazy And it's so hot 7 months out of the year it's just not worth it in my opinion.
    16
  5361. If I were Emperor, I would go further than just banning the institutional investors buying single family homes. I'd make the primary residence tax free, the second home owned taxed at 1%, the third at 2%, the fourth at 4%, doubling each time. That would still allow a second home, while progressively preventing people from owning more houses than they need.
    16
  5362. I just love to spend a relaxing sunday evening with a video of my favourite Youtuber!😊
    16
  5363. I’ve lived in St lucie county Florida for 20 years my property Taxes went from $3,623 To $11,645 It’s always the funds for the fire station or the police . Even though when the police do wrong or violate citizens constitutional rights Qualified immunity ( Tax Payers) Have to pay the lawsuit . Warning DON’T move to ( Fort Pierce) St. Lucie County Florida People that are Rich or have Authority think they’re above it
    16
  5364. The slow frog boil continues.
    16
  5365. I just came through Boise, nothing worse than smaller cities that have an influx of people. The areas infrastructure is not set up for it. The traffic and aggressive driving is nuts. Plus, limited major streets and everyone is driving on the same limited major streets, clogging them up.
    16
  5366. People are rejecting being financially bullied by filthy rich people.
    16
  5367. The economy is not doing good, I’m a truck driver and is slow before around this time we be working 12hrs to 14hrs and now is 6hrs to 8hrs!!!!!!!
    16
  5368. I see a lot of foreclosures in 6 months due to rate hikes and people buying under higher interest rates and possibly losing their job or being forced to move back to Chicago, NY, CT and Boston. What do you think of Starlite Homes?
    16
  5369. TBH, employers were paying rent for empty buildings during the pandemic. The bottom line, as always, is what counts so, yes, they'll be wanting their workers back in the office.
    16
  5370. I’m 71 and rent an appt-rent goes up every year. I have to work to pay my other bills as no one can live off SS. Rent was much more affordable 10 yrs ago and I could have made it. If I get sick I’m in trouble.
    16
  5371. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.  (John 3:16 KJV)
    16
  5372. Thank you for providing on-going, excellent and constructive advice Michael!
    16
  5373. If you look at the 2008 crash house prices bounced up and down a bit until there was enough supply to really tank it. Patience is a virtue. The propaganda that we are not in a recession is just enough to keep the stock market propped up until after mid terms it seems as well.
    16
  5374. Im currently living in finland and feeling exactly same when you were living in illanois. So depressing to look outside to the gray and cold winter. Which lasts for eight months out of the twelve. My dream is to live in South Florida one day, which is entirely up to me. My school starts next fall, which i graduate to be an ICT engineer. Your videos give me motivation and a little boost to the depressing winter. Great work, keep it up.
    16
  5375. So sad how high everything is going- thanks for the great video Michael!
    16
  5376. Love the unboxing Michael! Congrats on your Silver Creator award and on 100,000 subscribers. Love your channel!! Thank you for all you do.
    16
  5377. prices in SW FL in many areas doubled in price from after the start of the virus situation 2020-2021, then from 2021 to 2022 those places doubled again. 200% increase . Lots of room to fall IMO. Like you said Michael prices were already set to correct prior to the hurricane.
    16
  5378. As a former Florida resident for 15 years, loved this video, the sky was beautiful and the lighting at the end was great. Content great as always.
    16
  5379. Midwest 87 degrees !!!
    16
  5380. $300-$500 dollars to register a car is totally insane. Are they taking cues from New Jersey???
    16
  5381. Mike, here in New Zealand. A former (female) Minister of Police (Similar to a Senator or a Congressman). Was only in office for 6 years. Now she has a "plum job" as a Consultant. Got paid $NZ253,000 ($US147,000) for (get this) 100 days work. So you have some very wealthy people who can probably buy as much property as they like.
    16
  5382. Here in Ohio rental owners are rewarding good renters ! A renter that rented 10 years ago for 400 bucks a month back then are still paying 400 a month .. a new renter just moving in its 900 a month …. Smart rental owners…
    16
  5383. The real estate consortium in Brevard County is still puffing hard on the hopium crackpipe, and advertising their listings accordingly. I'll find 1 listing in 500 that has come down by 10%, but it's very rare still. I think the majority of realtors made purchases in 2021 and got WAY over their heads in debt.
    16
  5384. Welcome to CA and the home of Prop 13. That keeps property tax essentially locked. Find a home with no HOA.
    16
  5385. Even I don't have accidents or tickets, the car insurance still went up.
    16
  5386. People need to start paying cash for everything otherwise they can't afford it. Once prices go up they rarely come down... remember the pandemic, people paid any price for anything and that is why prices remain high and now they are complaining. Yes, in the '80s prices skyrocketed and kids became latch key kids. Also, there was a republican in the white house for 12 years. and one of those changes was to start to tax social security. The last republican president changed the tax code which cause plenty of rich people to become richer and the middle class became poorer. I don't understand why I pay higher taxes than the 1%'s nor why I have to pay taxes on 1/2 of my social security.
    16
  5387. In Florida, a big problem are people flooding into this state , escaping from the blue run states. Causing a housing shortage and driving rentals through the roof
    16
  5388. Imagine spending 2.2 mill on a 2,000 sqft house built in the 1940s.....
    16
  5389. Pay check to pay check is a understatement. People spend pay check and whatever amount the bank will lend them. Crazy times we live in.
    16
  5390. Scammers are on Christian dating sites too. I had some “chick” ask for my credit score. Then asked for my drivers license to verify. Then sent me her social and drivers license trying to get my info. What a damn shame though. Just tells you scammers are around every corner.
    16
  5391. Thank you for this and every video! I live in Palm Beach County. It has gotten so overcrowded and the traffic is insane. Love your honesty!
    16
  5392. Old rule of thumb In Real Estate: You make your money when you Buy.
    16
  5393. If you get married you lose half your house. There are even states that say if you lived togeather for 3 years the woman is still entitled to getting half of your house even though you never got married. There are states that say if you are dating or marry and single mother for a certain period of time you have to pay child support to your step kid who your not even the biological father since the law states you must provide for the kids and the kids best wellbeing even though the biological father dosn't pay anything
    16
  5394. It's actually a great time to take a loan out of your 401k. Keep in mind you're maxed at 50k, but you're paying yourself back instead of bank, and current rates are around 8%. It makes sense especially if youre one of the panicked investors right now and think the markets are going to perform poorly over the course of your payback period which is typically 1-5 yrs max. And yes if you leave or get fired that loan needs to be payed back.
    16
  5395. He should move them all to Cali! 😂
    16
  5396. I agree we're in such a mess, it will take time and pain to get back on track. Nevertheless, our current crop of government leaders have created this mess, and they have to go.
    16
  5397. Wish someone would pay my mortgage, but can't complain my rate is only 2.75%.
    16
  5398. "Less is more" works for me. When you reach a certain age, you just want to get rid of things. Stuff weighs you down.
    16
  5399. They are stealing because they can.
    16
  5400. People are really broke, most of my work has dried up. Probably good because my truck is broken down and I can barely work. I know so many people who were living on home equity. If real estate is ever allowed to fall it will be a huge bonus for me! Less property tax and more opportunities to buy and move! There will always be a sucker stupid enough to buy my Miami dump house.
    16
  5401. Personally, I'd keep property buying money ready for when the house of cards fall. Many like me have seen this show before & know the ending.
    16
  5402. Jerome Powell killed it in the meeting today. Took no crap from the lawmakers and is committed to continue raising rates lol.
    16
  5403. I’m actually looking into the Bonita Springs area! I like how it’s a nice lowkey beach town and isn’t super crowded! And it’s in close proximity to Naples and Fort Myers!
    16
  5404. Little bird is telling me that 90% of buyers in the last two years will have buyers remorse in the next 2 years lmao
    16
  5405. Higher interest rates was my first guess....to bring down home prices, or at least stabilize the prices.
    16
  5406. I grew up poor, and for half my adult life, lived on the edge financially. I did the kinds of things you suggest, and slowly over time, my circumstances improved. I didn't spend money on anything that I didn't need, and that was the main thing that helped to get me on the path to a better life. So, thanks, Michael, for telling younger people the common sense ideas that will help them to go in a better direction.
    16
  5407. I was prepared for a year's job loss. Then I got injured and it took 4 years to get my settlement. My income dropped to $700/month. Year one was easy. Year two was hard but doable. Year three was tough. Year four was surreal. Having survived that I no longer worry.
    16
  5408. But the media told me everything was fine?!
    16
  5409. That's crazy. A house like that in my neighborhood would be about $50K. My 2 bed, 862 sq ft is zestimated at $78K
    16
  5410. Florida is looking better and better as I watched this video at 5 this morning knowing that we're supposed to get 4 inches of snow here in northwest ohio. Thanks for your uplifting videos Mike.🥶
    16
  5411. The new World Equestrian Center is huge and has fine dining and shopping and it's free to attend events there. There are also numerous places to kayak, tube, etc. at one of the nearby rivers. Real estate prices are rising quickly and rents are high. We also recently added Fed Ex, Chewy, Amazon, Autozone, and Dollar General warehouses and have another going up soon.
    16
  5412. These guys are so smart I have to replay sections of the video multiple times just so I can process what’s being said.
    16
  5413. Gonna be a lot of ex-pats in Costa Rica and Thailand. If I didn't have kids, I'd be moving now.
    16
  5414. very educating and true! we own and manage over 450 properties in Florida... open for a collaboration?
    16
  5415. Look no further than Ray's wife putting the smack down on his ass, telling him to stop the bullshit and bring that check home. No money, no honey. Very simple.
    16
  5416. The best thing I can do is give you a thumbs up out of respect for you telling the truth! Like all YouTubers!😃
    16
  5417. ICE vehicle prices are up dramatically to cover the BILLIONS in losses on EVs - so ICE buyers are paying for the EV folly. Same w/ insurance, EVs have raised the cost of everyone's insurance because they cost so much more to fix. Plus EVs burn through tires, JD Power stated that Rivian tires can last only 6000 miles. That tire dust means EVs pollute more than ICE vehicles. Also, EVs contribute NOTHING for road maintenance even though they cause more road wear because they weigh so much more.
    16
  5418. I did it this year. Only $700 when I arrived in St Augustine {not including travel expenses} it’s rough you’re not wrong I’m just in a desperate situation as California lockdown caused me to be later off due to coronavirus
    16
  5419. 3M is laying off 6,000 and The Gap 1,800 people. Remote work will go overseas in this economy. Thank You Michael and Happy Thursday!
    16
  5420. I don't even need to watch the video to know the answer is yes. I'm from LA, I finally moved out last year. If all the illegals and their anchor babies moved out, houses in Compton would stop being 500k and above.
    16
  5421. I planned my retirement decades ago. You have to have 3 key things to get there. 1. You must save and invest in your retirement. 2. You cannot have debt, pay it all off. 3. Your health is paramount. Take serious care of your health and avoid diseases from poor lifestyle habits. Living simply below your means is the key. We owe 0.
    16
  5422. I still think 35% of income is too high. Should be 25% or less of net income for mortgage.
    16
  5423. Look here, these homes all of a sudden going for over $1 million+ stupid dollars clearly they are influenced by their agent/realtor in their ear convincing them to list it this high? Let’s be real. These are the things you realtors do not talk about. You have a lot of influence for your clients.
    16
  5424. I had to opt out of my best friend’s birthday trip to Atlanta this year 😢. I simply couldn’t afford it and not trying to go into debt. This economy is trash!
    16
  5425. Michael, I just received a notice from a local realtor listing 22 homes that sold in the last 90 days.The homes sold in less than 10 days on the market. The range of prices were from 75000 to 381000 and this was taking place in a village just outside of Rochester,N.Y. or western N.Y. and there is nothing new here on the market. I can't believe people are buying homes in N.Y.S.with the extreme expense of property taxes. There is still a large demand in this area for housing even though there is a huge migration out of this out of control tax spending state.
    16
  5426. Definitely not buying a new house with an HOA. Just might have to build from scratch. Not enough houses that are newer in SE TN!
    16
  5427. Happy Third Anniversary. The jobs market being "strong" depends on your definition of "strong". Are there a lot of job vacancies? Yes. Are there a lot of GOOD job vacancies paying a living wage and offering benefits? No. Our local restaurants have a dire staff shortage. Restaurant owners have raised prices "to pay staff more" but then don't actually increase their staff's wages nor hire additional servers or prep people. My buddy and I ate at several restaurants when he visited recently and every waitress told us the same thing: the owners want to raise menu prices but don't want to pay wages that would attract workers. The job market is only "strong" on paper. In the real world, where your job pays for the rent and the groceries and your car loan, it's weak as hell.
    16
  5428. Wondering if small business owners are using their PPP “loan” to upgrade their homes instead of applying that on salaries to keeping employees employed...
    16
  5429. Michael You are awesome man! Your information is so valuable but as an added bonus your walks are a reminder of what a beautiful place we live in. No wonder we are drowning with people moving in here. 😄 Thank you for what you do Sir. Kool sun glasses dude !! Keep up the good work. LIKE and SHARE all your videos
    16
  5430. Sold my condo in CA in 2018, it's worth 160K more in just 4 yrs. Bought a place in PA & it sold for 150K more than what we paid for in 2021 & it's still climbing. This is not like 2008, it's worse. I think housing will remain expensive for years to come. The issue like he mentioned is selling & a need to buy something else. You may break even or lose. I glanced at the buyer's monthly payment at signing & it was almost double what we were paying, astronomical. It's a crazy market/economy. We secured a place in February, just barely with all the exodus, being outbid several times over etc. We'll not be selling anytime soon, God willing. Remote work, lockdowns, rising crime etc. People should start gardens to supplement food cost, do as much as possible to be self sustainable. Unprecedented times folks.
    16
  5431. I read Rich Dad Poor Dad in the late 1990s and it’s worked very well for me. We’ve made a lot of money and lived Under our means. We bought rental properties and stocks (started small). My sister threw lavish birthday parties for her kids and lived in a small house. It makes a difference over the long run. Keep in mind $1650 a month is almost 20k a year. In your 20s… Put that in the sp500 and forget about it. You’ll be a multimillionaire.
    16
  5432. Thank you to our host for this walking tour on a beautiful day. There is food inflation AND size deflation. Example, frozen fish in 12-oz pkg versus 16-oz before. And, breakfast cereal is out of sight.
    16
  5433. Michael, Don't tell your wife but that good looking woman is stalking you again. Hi Kiddo. I know you walk dogs but Michael isn't that bad. 😂 Edit: HAPPY BIRTHDAY 🎈🎆✨🎇
    16
  5434. I just wanna say Thank you Michael & Travis for these great advises, especially in hard times. God bless you guys. 🙏
    16
  5435. $2125 a month just in property taxes? Big oof....
    16
  5436. A mental institution is the perfect home for someone that has to spend $30m for housing. 😂😂
    16
  5437. My HOA for a side by side condo with no amenities only grass and snow removal is $355 a month. All exterior siding and roofing is also my responsibility. I agree with what people said about power hungry board members.
    16
  5438. Interesting content and seeing a more working class area shows the difference with in a relatively short distance in a single state.
    16
  5439. You didn't discuss the fact that most insurance policies have not been re-evaluated to adjust for the increased cost of the appreciated property's in that area. This is an issue every where right now no matter what the damage or disaster that has occurred
    16
  5440. Throw your age out the window...ask what is your health, and healthcare support is like? A property is not the only sink hole to your savings, or other forms of incomes you may have. Can you go back to work? Is the job market even open to your health limitations? living is not free, your good health is golden as an asset in its own right.
    16
  5441. Wait until the real estate downturn lasts for a decade .
    16
  5442. I’d vacation in a high rise but I don’t think I’d like always living in one. Beautiful background btw.
    16
  5443. I've always lumped condos and apartments together, definitely looking forward to that video and going to start expanding my search to condos for rent too
    16
  5444. I have been thinking about self-insuring. So, thx Michael for discussing this topic and doing the leg work!
    16
  5445. Still 50 or so days remaining in the Hurricane season.
    16
  5446. I am going to watch this video with my Dad tonight as a bonding moment. Thank you.
    16
  5447. Thats amazing. Good job Governor 🎉
    16
  5448. Great info Michael, thanks. I enjoy your videos, even though I'm also in FL. My fave thing to do is bike around looking at homes and beautiful landsapes listening to birds
    16
  5449. I LOVE you Michael, and I LOVE your parents even more for the great job they did in raising you. I would be so proud to have you as a son. God bless your parents. Wish we had done as good a job in raising our own three kids as they did. We gave them everything. Paid for their university educations. Assisted them in buying their own homes. I can’t tell you how many times they have cursed us since, so many verbal attacks. I can only conclude that they resent our accomplishments in life as baby boomers that they could never achieve without our help. We love our children very much, but can no longer tolerate the undeserved verbal abuse and disrespect we get from them. Heartbreaking. We have now blocked them from communicating with us. We don’t have enough time left to endure their abuse. What a shame. We would have loved to have a family to enjoy in our golden years but have come to accept that it won’t ever happen. What a shame. An unavoidable sign of the times I guess. 😢
    16
  5450. Inflation is too much rn to be thinking about real estate.
    16
  5451. I'm not going to buy a house just so I can refinance it later. You never know if the rate will go down.
    16
  5452. As long as you have 5 million by 65 you should be okay
    16
  5453. Greed & a casual disregard of logic & ethics symbolize today's era. Its poster child is FTX's Sam Bankman-Fried. BTW, housing demand in areas like Ca & Fla was high yrs ago too, but the supply-demand equation didn't allow prices to soar to ridiculous levels. It wasn't too long ago when homes for $500,000-plus would have been considered luxury. Or at least semi-luxury.
    16
  5454. Missing mortgage payments means that they probably didn't pay for their personal debts (credit cards) and maybe their car payments also. The insurance companies are making affording Florida impossible. Rates 5-8 times higher than my NY homeowners policy. Car insurance was double my NY rate. Food is 30% more costly than NY. Why is a Florida orange $1.50 in Florida, but only $1 in NY? Beef and chicken are nearly double NY prices also.
    16
  5455. Landlords need to get off their buts and protest these crazy eviction Laws !!!!!
    16
  5456. After low interest money, foreign money is the next on the list in distortion of real estate prices. Taxing empty properties after a 3 month period is appropriate and makes real estate pricing more realistic.
    16
  5457. Sellers are insanely greedy. The buyers who retreated and stayed on sidelines now seeing market making turn toward buyers' favor, and they continue to wait. Among sellers, there are some cases the sellers don't need $$$ and don't need to be hurry and their homes are on Redfin for +160 days. Let's see the market into next year.
    16
  5458. Friends of mine in SC just got FEMA $750 check.
    16
  5459. No ugly winter blues in Fla. Ohio has 2 seasons, summer and winter. 3-4 months of Warmth, about 9months of cold. It sucks. I think I’d be much happier in Fla.
    16
  5460. Alright, alright, stop bragging l0l .....its like minus 10 here ...hey , love that hat
    16
  5461. I am 65 , so I've been through this cycle several times. Back in my early 40's I got into significant credit card debt. I didn't declare bankruptcy (I finally got out of my denial before I had to do that) but it was still very painful getting out of it. From getting out of that financial hell I got an appreciation about living below my means.
    16
  5462. Really like the style and content of your videos
    16
  5463. Cant wait till blackrock is forced to sell the houses they bought at 300k+ for 120k.
    16
  5464. I think the median home price has much more room to go down. The median should be closer to $290k.
    16
  5465. I love how warm and blue the beaches are in Florida!! Beats California’s dark, ice cold water
    16
  5466. EVERYBODY IS PAYING 45% OF THEIR INCOME FOR HOUSING!
    16
  5467. Michael,...I am a free-market type of guy. A person can buy or sell a home at whatever the market in that area dictates,...however,...I (personally)will never get caught up in the hysteria or insanity of what houses in certain areas are selling for. If I can't comfortably afford it,....Oh well!. At the end of the day a house is just 4 walls,.....it can't solve all your problems.
    16
  5468. who are the people paying millions for a house and $100K/yr for property taxes? I know there are rich ceos, corrupt politicians, entertainment figures, sports stars - but theres not that many of them.
    16
  5469. Michael, CONGRATS on 90k!!! 🎉🍾🎈 You’re going to be hitting 100k in no time!
    16
  5470. The US debt to GDP is at the level of Greece and Italy when they defaulted. I question how the rating agencies can still stand behind their ratings. I worked at S&P in 2011 when it was downgraded below A. I remember the presidential motorcade arriving to argue the downgrade.
    16
  5471. In 2019 i was renting a 3br 2BA home 1,500 SQFT in Jacksonville, Fl for 1,300. Last year i was priced out of that rental and now pay over 2k for a 800 SQFT apartment. Fingers crossed something gives soon. Florida in general has become completely unaffordable
    16
  5472. I really think that parking garage needs to close down the bottom floor, where it floods. That is too much water for beautiful cars that should be kept safe from rising water.
    16
  5473. People that dont want to watch the weather get rained on
    16
  5474. I cashier at a Walmart in LV. Eggs are 6.00 a dozen. I see people paying for groceries on 2 and even 3 credit cards. We're boned.
    16
  5475. Personally I would never buy a flipped home. Would rather put in the work myself
    16
  5476. How does Anyone afford a 1,2 , 3 million dollar home with 50k in taxes....mustvbe foreigners 😮
    16
  5477. I think transitioning to electric cars is a lot like transitioning from your job to starting your own business. What we need to do is get to a point where we have 2 systems that can each on their own take care of 100% of the capacity: gas, which we have now, and electric. When we are redundant in that fashion where we have so much excess, only then would we be ready to even consider such a thing. It's generally a better idea to work from a position of surplus than scarcity.
    16
  5478. I admit I laughed out loud when I heard $7,000,000 for insurance That's insane!
    16
  5479. 55 plus manufactured community’s with lease land in Florida inventory has exploded. They’re all trying to get out. Most are moving to Alabama
    16
  5480. Rate cuts have NOT been announced. Powell literally just said that there's no plan to cut rates, and that the table showed earlier was the opinion of the different members, not necessarily what will happen. As is always the case the market and the media ran with that. No rate cuts have been announced as of yet.
    16
  5481. Great story man! I graduated college in 2008 at age 28 with a degree in land surveying. Nobody was hiring for my field back then and the few jobs that were open were quickly filled by more experienced people. I really felt disillusioned having spent all the time and money to get a degree only to work $10 an hour jobs. I wanted to start a normal adult life but didn't have anything to show for it. It took 4 years to finally get a good job in my field. I can't tell how depressed I was. But I learned to appreciate having the basics in life-- having food, good friends and family, health, being in a great country, etc. Job and housing markets change but are very slow.
    16
  5482. Michael, while some prices are down I also believe people are getting less square footage and lesser amenities. I note locally; the over $1 million properties are up from last year while the under $750,000 homes seems down slighly but the quality is not the same as a few years ago.
    16
  5483. This place is absolutely beautiful! You’ve definitely convinced me! Thank you Michael, keep up the great content!
    16
  5484. Michael, thank you for your insightful video. People need to wake up and realize a lot of people are playing mind games on them to drain them out of their resources.
    16
  5485. A dog house for 1.4 mil?!!! What’s wrong with the people?
    16
  5486. Talking about debt, DO NOT GET SICK and have to go to the hospital, esp using an ambulance. Medical costs are astronomical now and can easily bankrupt you. Eat right, exercise, etc as best you can to avoid getting sick. The correction should be worse this time because the Bubble is much bigger this time then in 2008.
    16
  5487. I just got a job as a clerk at the post office and was immediately converted to career. I feel really lucky considering how bad the economy is right now.
    16
  5488. If I didnt already have a place, i would live in my car and save to pay cash when it totally crashes.
    16
  5489. I left my loan officer position in May and am now a conductor for the railroad. So glad I did
    16
  5490. Rented a Tesla and drove from Phoenix to Los Angeles. Most stressful time ever trying to find chargers on the road and to make sure I get there before battery drops below 10%, which I was told is damaging to the battery. I never made it to the charger over 5% and had to make sure I drive at a consistent speed, preferably around 70mph for the range to hold up. It also took me 2 extra hours to get to LA. Never again I'll be renting one, let alone buying one.
    16
  5491. Maybe the big guys or corporations are buying the Mobil homes to build new buildings on the land
    16
  5492. On buying the third house: You can only sit in one chair at a time.
    16
  5493. Lottery tickets...every seller thinks they have one!
    16
  5494. Local south Florida, I appreciate the honesty, use to be a realtor when I was younger, wasn't really my thing, but praises to you sir for being honest...unlike the rest of your colleagues. Well most, only a few peeps left. When I start purchasing homes soon ( hopefully), I will contact you to assist.
    16
  5495. Fraud not tolerated at all. Class action might be appropriate.
    16
  5496. Love you're economic and global issues within the content, its all related to real estate, loving the more widespread and detailed videos, keep it going mate.
    16
  5497. If they, the mortgage lender(s), can sniff into your personal life, they can sniff into your political life as well. Perhaps, they would not approve a loan to you if you own any firearm.
    16
  5498. My first home was non-qualified assumption at 11% interest. That was back in 1992. The only reason I was able to afford it was due to home prices was affordable back then. With today's housing prices, 11% interest would be a suicide.
    16
  5499. Aww nice to see you walking with pops ❤.
    16
  5500. its a whole country crash.
    16
  5501. even if home prices drop by 50% im still paying a cheaper mortgage right now than i would if my house was worth half as much, i locked in a 3.2% interest rate, if i had to move now i couldnt afford to. these are strange times we are living in. i doubt we will ever go below 6 or 7% interest rates again
    16
  5502. You should do a segment on the 10 million vacation homes that are currently mostly owned by baby boomers. We're getting older and lifestyles are changing. I would think some or a lot of those will come on the market in the next few years.
    16
  5503. MY DREAM IS TO MOVE TO FLORIDA, SO I REALLY APPRECIATE YOUR VIDEOS. THANKS AGAIN MICHAEL. 👍
    16
  5504. Why electric and not Hybrid. A Hybrid car charges itself and can get around 50mpg. It reduces our dependence on fossil fuels with out completely reinventing the wheel. I also agree a car choice should not be forced on anyone.
    16
  5505. It would be really great to buy, remodel and rent out. Good investment condo in my opinion
    16
  5506. yep...PRICE PRICE PRICE!! So many homes in my neighborhood keep dropping their prices. They still sit with no buyers. Those buyers that are left are smart👏👏
    16
  5507. I just came back from Clearwater, Tampa area....and that would be my choice fo sho!
    16
  5508. The rent is too damn high!
    16
  5509. My wife is going to make a Thanksgiving dinner with all the trimmings to feed 6 people, for less than $100.00. After leftovers, I expect to get at least 12 meals. That's about $8.00 a meal. Less than McDonald's, and a thousand times better.
    16
  5510. Thank you for sharing the Truth!
    16
  5511. ALL money is debt. Some can live debt-free but with our corrupt money system, society cannot. No debt would mean no money in circulation.
    16
  5512. I own land already (with my humble home on it) and looked into adding a manufactured home. California ADU law says you can add two to your property. Lots of extra costs and permits, so waiting for prices to drop or leaving the state still makes more sense I think.
    16
  5513. Most signing bonuses are contingent upon length of the employment. For instance, I will get a 50,000 bonus if I stay with the company for 3 years. If I get fired or leave before, it needs to be paid back or a portion of it. That’s completely normal.
    16
  5514. Home prices are skyrocketing everywhere there are not enough homes from TX, VA, CALI, IL, etc. Its not just Florida.
    16
  5515. You're so right about all the other videos on this topic! They are purely based on statistical data and the super "safe" areas with low unemployment and good school etc, are usually very boring small towns no one would ever want to move to! Thanks for this practical information! Great video!
    16
  5516. Property around the world is crazy. 150k will get you a mansion in Japan, Poland and many other nations. Americans are getting so screwed.
    16
  5517. Everything has gone up this year. Home owner insurance, gas, electric and groceries where I live in coastal Massachusetts. Unfortunately the middle class has been hit especially hard. Michael, you’re a prophet of doom for some and a prophet of hope to others. Keep doing what you’re doing.
    16
  5518. This is where the Audacity of the Truth is told. Thank you so much for your hard work and sharing this information
    16
  5519. I'm glad that i got outbid during the mania mid 2022. It was very interesting how peoples sentiments changed back than. We talked to my in laws and showed them the the home. They were like you should never pay the asking price. After showing them that houses went 12.5% over asking in our area they turned pretty quickly. They were like make sure you overbid enough or you will be priced out of the market by next year. House prices were going up 20% per year.... and guess what our wages only go up by 1.5% here lol.
    16
  5520. My daughter asked me if she could take a summer class for college (an endorsement), I’m like yeah of course if it’s gonna help you in your career. I’m thinking in my head $600 to $900 for 1 class. I see a deduction in my bank account for $1,981!!!! I asked my daughter hey did u buy something for $1,981? She’s like yeah … remember I told you I was gonna sign up for a college summer class. I’m like yeah I remember 😩.
    16
  5521. So much for America being founded on "limited" government.
    16
  5522. Always buy your house at the right price. You might be able to change the interest you pay but never be able to change the PRICE YOU PAID.
    16
  5523. I feel like renting actually gives you more freedom than buying. At least in this market. For me flexibility is everything.
    16
  5524. Your awesome Governor DeSantis is the reason for the most part.
    16
  5525. Dear Michael: I had an aunt tell me when I was 25 to not miss out on having children. She was in her 50s and regrets not having a child. No asset will bring you the joy of having a child. . I’m 76. My wonderful wife of 51 years of marriage just died a year ago and I had a severe heart attack recently. If I didn’t have children, I’d be all alone and sick with no one. Don’t miss out. Sincerely, John. Love your channel.
    16
  5526. I was always raised on the mantra that you Always pay cash for a vehicle if you can’t afford to pay cash you need to save longer or buy an older used vehicle, never take out a loan
    16
  5527. Just closed on my house in Charlotte today. Thank you Michael. I avoided a lot of pitfalls from all your information you have shared. FYI don't worry Im not leaving your channel. So much more to learn!
    16
  5528. In the 33 years I have owned my home, I have never had homeowner's insurance. Since my dad and I built the house, I have done all of the maintenance and repairs since. The whole home including the roof is concrete.
    16
  5529. In LA, you can get a nice tent on the sidewalk for $1500 per month
    16
  5530. Im looking forward to forcing these over priced homes and the sellers and there agents back to reality.
    16
  5531. Here's another point. If she is convicted we will have to spend even more money on her when she's in prison. It's not just daily cost. It's medical,any medicine she needs. And when she's in there and comes down with cancer or anything else it's completely covered too. Even hip replacement 😱😢😢. We get nailed all the way around. .
    16
  5532. Reasons to NOT live in Florida: 1) Expensive 2) Heat & Humidity 3) Mosquitoes 4) Alligators & Crocodiles 5) Burmese Pythons 6) Book Banning 7) Sink Holes 8) Swamps 9) Hurricanes 10) Flooding 11) Home Owners Insurance 12) Property Taxes 13) Botox 14) Ron Desantis Reasons to LIVE in Florida: 1) Crystal Blue Ocean 2) Palm Trees 3) Manatees 4) Michael Bordenaro ♥
    16
  5533. I totally agree. This spring/summer will be just plain weird … different in different markets, but weird nonetheless. Knoxville houses are selling fast because inventory is so low. Those buyers will learn the meaning of regret later. This is a time to wait unless you just have to buy for some reason.
    16
  5534. Makes perfect sense man!...Inspiring, that feeling of having something to live for...every time I visit Miami & the Beach, those feelings overwhelm me and I hate home even more. Making that jump soon, pandemic or no pandemic. I wouldn't mind being quarantined down there one bit
    16
  5535. Just the perfect timing for a healthy portion of real estate infos in the evening!
    16
  5536. A high percentage of the seniors that I know in Central Florida who have fixed incomes, put metal roofs on their homes and dropped their insirance
    16
  5537. Out of the 5000 home insurance inspections i have done on the Florida Treasure Coast since 2023....I can't remember ONE new home purchase with a mortgage! Every sale has been cash buyers from up North
    16
  5538. GREETINGS MICHAEL AND LISSI 🌴🌄🌴
    16
  5539. It will be interesting to see where we will be in 3.5 years when everything has hit the fan. I have a beautiful townhouse in CT. I had it on the market for one day and I changed my mind. I can’t find anything comparable. So I’m staying put. I love the changing seasons. You do not get that in FL. I’m waiting but wishing everyone good luck! Also, having a job first wherever in FL that you are moving to is key. Does it pay as much?
    16
  5540. Michael, your content is amazing. Love watching your videos. You’re always on point. Live in Portland, Oregon and seeing those price cuts. Most of the homes are selling either at the right listed price or below. Things are starting to shift.
    16
  5541. Great video Michael! The only way it stays strong if there is a lot of cash buyers or have a lot of down payment. A house around the corner from me was up for sale they reduce it to $320 it had a pending offer now it is back on the market because the sale fell through. It’s going to be hard for a lot a lot people to get financing with these prices and interest rates. Prices will either have to come down to pre pandemic prices or they will sit on the market.
    16
  5542. As a licensed community association manager, I saw the owners of different associations year after year vote to not fund ANY reserves. The challenge with working as a LCAM is you are the ham/cheese in the sandwich between the owners and the board members. YOU get complained at about everything and then IF there are renters - you wind up getting complaints because the tenants are not following the condo rules and the landlords don't want to hear about it -- so bottom line? Too much hassle and not enough income to warrant putting up with the situation.
    16
  5543. Michael, great video. I moved to CA from the highlands of Scotland because my wife is a CA native. After nearly two years there I didn't even have to ask her, SHE asked if we could go back to Scotland. We're back and California is just a memory.
    16
  5544. My homeowners insurance went up $2200.00 this year . And I’m in south florida
    16
  5545. I miss the good ol days where you could come by and remove the front door when a tenant wasn't paying. 😂
    16
  5546. I love how he starts off basically saying don't buy because insurance is going to F you. Then he drops his referral link if you need a realtor. LOL
    16
  5547. You are right, its taking its toll. Im 28 and right now im living off around $1200-1300 a month. It took years of saving money while working all thru college and buying a house that was less than i could afford to make it possible. But now im blessed to be saving money each month.
    16
  5548. I watch a lot of different YouTubers. I like your style and what you have to say.
    16
  5549. WOW I love you rating beaches in Florida, and we get to hear sound waves and look at beautiful scenery!!! Please vlog more too.
    16
  5550. Previous recessions were bad because people lost jobs. However, today many people are not working. Which means little room to cut jobs.
    16
  5551. The wages in Florida are too low for the state to have the same cost of living as the northeast/tri-state area. And having no state tax does not make up for the lack. The pay rates and salaries are in the crapper
    16
  5552. Your grocery receipt looks like mine…healthy snd organic, but with good sweets thrown in! Chocolate and caramel (those chewy Scandinavian cookies) are my weakness!
    16
  5553. I spend 75% of my income on my mortgage 😢 so I could payoffs Early 😅
    16
  5554. I’m not a building contractor, but am pretty certain that few houses existing today are constructed of brick. In most cases, the brick you see is just siding. Still, I prefer the look and low maintenance of unpainted brick.
    16
  5555. Lol yeah I remember $1.00 McDoubles… it’s like $4.00 with taxes im good
    16
  5556. “The constitutional right to live within their means in a safe manner hurting no one.” Except the bureaucrats on zoning boards. They have kids to feed after all.
    16
  5557. I was totally expecting this to be about the NAR decision that came out today.
    15
  5558. I think you’re right about the new homes. The city we’re looking at is incredibly cheaper for new construction (and it’s coming down) than existing homes. In many areas if you can wait and make sure the construction quality isn’t junk, going with a new 1,300 sqft house could be a safe investment.
    15
  5559. I'm glad you are making vids outside of real estate. I understand you have to produce what's viewed and make a living, but the life and nature walks/tours are easily best videos imo.
    15
  5560. Hey Michael ... Things to know before being a condo - - Get a copy of the HOA budget - Get a copy of the CC&R's (covenants conditions, and restrictions) - Last 12 months of meeting minutes. - Copy of the master insurance policy. (does the master insurance cover external rebuild, or interior AND exterior rebuild? What is the master deductible? If a loss occurs you will not only be assessed a portion of the damages if the insurance can't cover it, but the master deductible as well. Some condo deductibles are $10K and up to save on premium costs. What is your insurance liability portion?) Anything else to review during the due diligence period?
    15
  5561. Your sister is so fortunate to have a brother like You 💕 So happy you are sharing her new beginnings 🌿🕊️
    15
  5562. Michael, your loss as a real estate agent is our gain! 😊
    15
  5563. You’re giving important economic news- who cares if it may be repetitive.
    15
  5564. I would have liked to check out that building to see what is going on. We do plenty of 40-year recertifications and ever since the Surfside building collapse we've seen some engineering reports that are way too strict because of liability concerns. It could be that the building is as much a disaster as they say, but if I was part of the management I would have looked for a second opinion.
    15
  5565. So true Michael, the PPP loans/money printing a disaster. Tomorrow the Supreme Court makes their decision. Awesome Video Michael, Thank You!
    15
  5566. What@Michael said about calling insurance company and asking questions is absolutely correct and it goes into the entire Nationwide insurance network so all companies can see it
    15
  5567. Sellers are thinking that interest rates will be coming down to zero again. So they are holding properties until that happens. They are going to have to learn the hard way.
    15
  5568. There can be lots of money in trade jobs. However, many people don’t want to do trade jobs because they’re labor, physical jobs and they’re generally looked down upon in society. 👌🏻
    15
  5569. 6:15 “Both of those two things sound just as dumb as all the other things we already talked about.” This is part of why I love your videos, Michael. 😂 No BS, calling it exactly like you see it.
    15
  5570. Simply living is becoming too expensive.
    15
  5571. People can do what they want. I never encourage or discourage newcomers. Just don't bring those same politics to FL that ruined where you're trying to escape from.
    15
  5572. 100% True! I started mine at 62 last Nov. and it's been an excellent decision. Great video! Outstanding advice! Subbed you
    15
  5573. Ron DeSantis is a great governor!!!!
    15
  5574. In California renters and buyers and sellers are saying no. We have had enough of being squeezed everywhere we turn. Even if you sell, where are you going to go? There is something very, very wrong with the US economy.
    15
  5575. i read somewhere Blackrock is starting to dump some houses they bought.
    15
  5576. A week ago we went to Walmart. I barely ever go so I forgot that you have to show your receipt at the exit. So this sweet older lady who checks the receipts against what's in your cart stopped me and had me dig up the receipt from my bag. When I showed it to her, she smiled and said jokingly that she couldn't read it if I held it half an inch from her face. So there you have it, folks. But at least she has a job, helping keep unemployment rate low. 😂😂 (Edited to correct typos.)
    15
  5577. Just found you. Really like your videos. Besides great Info I forget there's feet of snow outside my house in montana. And oh boy in missoula our leaders years ago said they wanted our town to be like San Francisco. Well everyone else got what they voted for. There's no where to live. Rents are increasing insane. Housing prices shot up. Crime is up. Yep the pink hair people won here. I will add once you leave the city. It's all regular awesome folk.
    15
  5578. The rent to own disparity right now is insane. I live in Southern California in a house made out of twigs. Seriously, the interior walls are framed with 2x3's. My rent is about $2500. The monthly payment to own that would be over $9K with a 10% down payment.
    15
  5579. Studies have been done about housing costs as a percentage of income. Above 26% dramatically increases homelessness. Go figure.
    15
  5580. Absolutely a beautiful conversation with your Dad Michael. You have a wonderful Dad! No wonder you turned out to be such a decent man. The world needs more Dad's like yours. Thank you both for letting us in and sharing this. Beautiful!
    15
  5581. Things are getting bad here in ATL. Median home prices in even the most desirable neighborhoods are down 10 percent from the peak in June, and its only going to get worse. Bad for others, and I don’t wish bad things for anyone, but this is necessary correction.
    15
  5582. I hope you at least have a tux print tank-top for the wedding. When tough times hits your neighbor, its a recession. When it hits you, its a depression.
    15
  5583. Higher Insurance cost, taxes, etc. Foreclosures and short sales galore
    15
  5584. I think most of Southeast Florida is over priced.
    15
  5585. I think it would be a disaster if JPow pivots & pauses the increase. In my opinion, that would just add to the instability. He's been so hawkish for so long & insistent on the increases. So if he does a 180 flip next week, I think people would be really freaked out. I'm expecting 25 next week and after that, maybe another 25 or a softer tone & a pause.
    15
  5586. Always a good day when Mike uploads!
    15
  5587. I moved to Florida in 89 with $5000. House rent was $400, but my money was still quickly gone. My wife, and I worked seven days a week for ten years. I opened a painting company. Back then I was one of the very few painters in Sarasota. Thirty three years later I am pretty well off. But now a days there are painters everywhere. I don't think the model could be duplicated now, mostly because home prices have gone up so much. Got my first house for 70.000 and it's now worth $325,000
    15
  5588. I enjoy your thinking on things. I am 80 and had three kids that I spent as much time with as I could. We always went on vacation together. My wife and I have just enough to live simple and have no regrets about the past.
    15
  5589. Hi, Michael! My oldest Son was studying for his Masters degree and working at the local jail as a counselor. One cold 15:00 Winter day he was walking through downtown and encountered one of his inmate clients without a shirt. The inmate had been released, but the only place he could go was the crack house where he originally got arrested. The inmate asked my son to “violate “ his probation so that he could get out of the cold with 3hots and a cot.
    15
  5590. Congrats on 50k subs, btw! Well deserved
    15
  5591. You have such a good rhythm to your speech and your flow in all your videos. I'm amazed at how consistent you are every day and how well researched your information is presented. Lots packed into every video and such a nice and pleasant vibe to your voice and canter. You are really good at this. Excellent video as always. Thanks!
    15
  5592. Realtors better known as salespeople always say it is better to own than buy for their commissions. Unless you make a profitable monthly income from your private house it is a large liabilty.
    15
  5593. If you have the time Michael, it would be interesting if you can do a winter version of the same tour. Maybe during the Holidays, to see your Family. Love your walking tours!
    15
  5594. I really enjoyed your video series out of California Michael!😊
    15
  5595. No Michael, don't tell them what they want to hear. Just keep doing more of the same, THE TRUTH! Thank you!
    15
  5596. Insane pricing for housing in CA. Small houses with no property and no garage for Million Dollars? No way. I'll live somewhere else!
    15
  5597. In 3 years I've had to sink 80k into my house. But we were prepared for it. Owning a house is not for the people who barely make a living.
    15
  5598. I'm an 85 year old retired aerospace engineer who calculates that my money will run out in about 10 years; when I'm 95! OTOH, my mother lived to 101!! So that's not very promising for me... But I'm already starting to lose my marbles, so perhaps by then I won't care. Life can be a b*tch. 🙃
    15
  5599. I wish Americans could all come together and just boycott everything until cooperate America lowers their prices for everything.
    15
  5600. You jogged my memory! I purchased a home in 1979 interest rate was 12% fortunately the house was around 40000 the payment was around 400 a month. Low prices help offset high interest rates. I always joke around about someone taking over the payments which actually started around the 80s!
    15
  5601. Just found out my oldest son and daughter-in-law are planning to leave Port St. Lucie. "It's too damned expensive!" he said. They want a house but can't afford any of them!
    15
  5602. Hi I shared your last video with Some people on the left I chat with and they Call you alarmist and said everything was normal with what was happening there. I like you Channel and I Learn a lot from you. I'm just some old guy that loves where I live in a small town in West Virginia .
    15
  5603. They could go after them but they don't. Same as people who get multiple DUIs.
    15
  5604. After 2008 loss I never lived the same. Live simply and debt free and don't get caught up in the "WORLD"! GARDEN SCRATCH COOKING AND FOOD PRESERVATION. SUSTAINABLE
    15
  5605. I am always incredibly proud that in the early 80s as a 13-year-old kid I invented layaway in England when it didn’t exist. I was working a job as a paper boy and I needed a cassette deck from my computer. And I went to the local electronic store, which was kind of like Best Buy and went to the manager. There was a cassette deck that was the equivalent of $20 and I made the equivalent of five dollars a week delivering newspapers. I asked the manager if I could buy it over four weeks he immediately said, no, you can’t do that because I’m not letting you leave the store until you’ve paid for it, but I explained that I wanted to give him five dollars right then, and then five dollars per week until I had paid for it and only then would he let me leave with it, and he agreed. 😂
    15
  5606. Me & the hubs are ready to sell & pay cash….but can’t find a decent house even close to ours that we would have or could afford.
    15
  5607. Excellent Video. We have been in a recession for almost a year now. Shady statistical manipulation by Biden's economists, along with MASSIVE government spending which hasn't come close to returning to pre-Covid levels is the only reason we're not in a depression. The fiscal deficits can't continue. As you said in your video - "The drugs are wearing off." And the party has ended.
    15
  5608. Taxes, Insurance, HOA Dues, Assessments.
    15
  5609. What I noticed about the government in Florida , they don't want to tax you to death, like the government in Massachusetts.
    15
  5610. Even with price cuts mrkt 🏠 Waaaayyy overvalued... Waiting for pre pandemic prices i refuse to pay the lockdown fluff. 🏠 Gonna come way down
    15
  5611. Thank you to our host for these daily presentations. I know there is “pride in ownership, “ but I now rent in SE Broward beach. I’m contented as a renter.
    15
  5612. The housing market is so over inflated. The dollar is worth less and less so sellers shoot for overpricing. It seems a scam to me. Happy Friday Michael and Lisi🙂 3 day weekend Yay! 🧡💚💛
    15
  5613. WE'RE IN FOR A HELL OF A RIDE FOLKS 😒🌴
    15
  5614. You said it, they are propping the market up. They lie to keep the diminishing sales going. I am starting to see prices come down, a very small amount. Still way overpriced for what the properties are.
    15
  5615. Yeah, I’m on the market but I definitely waited too long. I came to the realization that I have to lower my expectations as a seller for sure.
    15
  5616. Thank you for telling it the way it really is without sugar coating. So many students failed Physics class because they can't handle gravity - what goes up will come down, including the real estates market.
    15
  5617. If it gets to the point where the dollar is worthless and people are transacting in gold and silver, the civil unrest that would follow would make investing in firearms and ammo far more valuable. Really hope it doesn't come to that.
    15
  5618. investors keeping inventory off the market, or letting homes sit empty should be taxed.
    15
  5619. Michael, no offence but in my experience agents are worse than used car salesmen and rally only out to make money in investing. If they find a house that is a great deal and exactly what you are looking for they will buy it right out from under you. They look at clients like a side income while they (all of them) buy and flip anything half way affordable for the average person.
    15
  5620. Awe…this made me cry. Dad still misses you.
    15
  5621. Ocala has worked hard to clean up downtown area, and give people a place to congregate, listen to music, have farmer’s market, upscale hotels, to good pubs and restaurants. I say they have succeeded. 4.5 stars ⭐️ ⭐️⭐️⭐️ 💫
    15
  5622. Using cash envelopes is a great idea. Handing over real cash at the checkout hurts more than swiping a card.
    15
  5623. "Your 401k is now a 101k". Lol. Love your videos.
    15
  5624. Arizona inventory is down by 8.7% on that map. Home starts are down, 75,000 people move here every year.
    15
  5625. It boils down to people always spending more as they make more. Very few of us actually keep our baseline expenses the same as our income increases. I could go down the list of why this happens but what's the point? People will justify their behavior. I'm one of the few who just saves the difference. I went from 1% savings rate, to 10% savings rate, now at 35% savings rate as my income increased. And I don't just save, I invest.
    15
  5626. I agree 13:40 getting less groceries and the bill being a lot more expensive
    15
  5627. After about 2 years of looking for a house and prices just keep going through the roof, so I am glad to hear that there is a shift occurring. I know it will take time, but eventually things will have to balance out more between sellers and buyers.
    15
  5628. Thank you for pointing out all of the folks who are preying on people. My wife has stopped us from buying 3 homes already, refusing to be part of the mass hysteria. The prices aren't just going up. In the parts of Florida that we've been looking at - they're starting to go down. Key word: starting
    15
  5629. Hi Mike, Thanks for clarifying the "Save Our Homes" homestead act. As I mentioned in a previous email my property tax on my Naples condo went down by about $40.00. I think the biggest reason it has not been going up was because of the school tax. As you know, Naples has a fair amount of very wealthy people, these people are old snowbirds and any children they have have long flown the nest. I believe Naples's population doubles in the winter months. I remember the first time I went to the beach and I was looking for some young eye candy and I ended up seeing old fat guys like me in Speedo's (except I don't wear Speedo's) and old fat women trying to stuff themselves into a Bikini. I am waiting to get my new insurance bill, I am sure that is going up. We've already been warned that our condo fees are increasing because of insurance costs.
    15
  5630. Stay safe out there Floridians
    15
  5631. I was the buyer's agent for a rental/2nd home purchase right before the "uptick" in the Spring of 2012 on Pensacola Beach. I have also managed the house, but the owners have marketed the property through VRBO (not always happy with the fees since purchased by Expedia). Most of our guests are repeats so we have a loyal clientele. As you said in a previous video, Michael, some people are not prepared to be Landlords. These people were prepared and I personally handle each stay which helps us "police" the guests and property. The owners also don't hike their rates unduly, probably because they got a great deal because of their agent. 😃 I have always coached my investment buyers who wish to rent their property to treat it as a business and every one of them has done well. I sell for the long term and benefit of my clients, which is why I am SO ready for this downturn. I'm sorry if I comment on too many of your videos, but I love hearing the truth that I know is correct.
    15
  5632. Breadlines soon
    15
  5633. I went to a couple of coin shops today and both are seeing a lot more customers cashing in their coins and jewelry just to pay for things in the past month.
    15
  5634. Common sense research and honest reporting. 👍
    15
  5635. Listening to Michael is the most relaxing part of my day. Always appreciate the walking scenery and calm delivery. Please keep them going!
    15
  5636. Damn that was as bullet proof a video and forecast of the house market that I think we will see for 2023/4 well done to the both of you!
    15
  5637. Wife and I are both millennials. It took us 10 years to save for a downpayment and even then it wasn’t 20%. We live in a HCOL and make $162k combined. We just bought a fixer as that is all we could afford. I’m not sure if we made the right choice but the thought of continuing to save only to get priced out of where we grew up made us take the plunge. Still have a small emergency fund not nearly enough as i’d like.
    15
  5638. Before renting out your primary residence, be sure to check out the tax implications if you think sometime down the road you will be selling that house, they are many.
    15
  5639. Interest rates were in the upper 7% in the nineties and much higher before that! But of course homes were not as expensive.
    15
  5640. "Only have to put 3% down." Im looking at 20-25% down just to make the payments affordable.
    15
  5641. Buying cars and paying interest, is absolutely absurd. Like I always said, “there’s an assss for every toilet seat!” You buy a $40K car, by the time you pay it off, you spent between $50K-$70K, and you now own a $20K vehicle. Oh yeah, but you looked good in it for the first year. And you wonder why you work so hard to never have anything to show for. I’m referring to that group of people, not you guys. Just them.
    15
  5642. I remember in 1994 I rented out a 2 story condo in lancaster. California. .costs me $400 a month..I lived by myself and worked minimum wage
    15
  5643. I respect the hustle and hard work you put in! Look forward to the info as I write this
    15
  5644. Florida is great state to get fit.Because you feel uncomfortable around fit people there :))
    15
  5645. Hey Mike, I was actually in the same situation last year, when I was moving from Boston area to FL with a job transfer. I had to decide to move to FL instead of Hawaii for the same exact reason you mention in the video. Florida so far has been a great choice for us with 0 regrets. I can always visit Hawaii and live in the nice condo in Florida and having a good job with minimum taxation. Unfortunately, I don’t know if I could live up like this in Hawaii like I do in FL.
    15
  5646. Thank you, Michael! Please keep telling truth, people should at least stop going to fast food until they lower prices!
    15
  5647. Can you do a video on pros and cons of owning a townhouse in florida . Maybe townhouse vs condo? I know you did a condo vs single family .
    15
  5648. Unbelievable that people waived home inspections. There was a couple that bought a home in my neighborhood sight unseen from long distance. Got here, didn't like the road noise and cancelled.
    15
  5649. 8 years retired, stay out of an HOA unless your a Karen and want to live in gods waiting room. stay out of debt do what you want, careful those first couple of years take 2 years to adjust
    15
  5650. I work in entertainment and more than half of my coworkers were laid off this past year. Their wages certainly didnt keep up with inflation. In fact, they didn’t keep up with anything at all. They stopped. Luckily I found other employment but only with a substantial pay cut. I love paying more for basics while earning less money; it makes me feel super excited for the future.
    15
  5651. I'll take that flooding any day over the 18 inches of snow we got here in Chicago last week not to mention the sub zero temps that always follow, some cars are still buried after a week!
    15
  5652. Ever since the "Plan edemic" we've been waiting to see what is planned next for us.
    15
  5653. I'll tell you what terrifies me. Having a wife and young child while going through this environment. It was one thing just worrying about me and able to live on next to nothing and really live lean, I lived vanlife when things got dicey, now with a family there is no choice but to stay living at an elevated level and in a house. Basically I'm saying there is less ability to pivot and be fluid 9nce you have a family to worry about, thats the toughest part.
    15
  5654. My two favorite guys, love seeing you collab again!
    15
  5655. Didn't know of how intrusive the lenders can and will be ,however its not surprising . All technology that makes life convenient will be misused, privacy and protection from the government is hard to come by these days sadly. Always enjoy your thoughts on the real estate markets .
    15
  5656. Investing in some markets this year might be appropriate, but you really need to research & know the market. It definitely doesn't seem like the "worst is over".
    15
  5657. Maybe go over good neighborhoods good schools with prices under 200,0000
    15
  5658. Please continue with real estate prices and taxes. Thanks 😊
    15
  5659. I still don’t understood this the commission was written into the contract so it wasn’t a secret also I thought commissions were negotiable!🤔
    15
  5660. I have a coworker and her and her husband are looking to sell their home because of homeowners insurance and the property taxes. Both of these people make decent money… that’s how it is in Florida now.
    15
  5661. Crooks everywhere.
    15
  5662. I've lived in California my entire life, but now I'm moving to Florida within a year and I can't wait! You're videos are awesome, thank you for just being real.
    15
  5663. $8500/month for rent???
    15
  5664. I’m so thankful I own my home outside any HOA. That is such a scam and they for sure will screw you over and over.
    15
  5665. I live in FL. It's not cheap to live here. Hey, wait until you have to go to the Tax Collector to register your out of state vehicles 😉.
    15
  5666. this man is going to come into some big money.
    15
  5667. In the old days couples got married by the local justice of the peace, or the priest married you in church, and you had a nice dinner at your parents house, or in their back yard. Your money bought a ring, a dinner, a nice suit and a dress, and the marriage license. And people were HAPPY.
    15
  5668. $6300.00 for rent ? We don’t even make that a month 😭😢
    15
  5669. HI MICHAEL .I Cant help but SEE And Think of all the extravagance as you walk along . im really Amazed at the houses and AMOUNT OF CARS . really knowing lots of these people are maxed out . living a lie just to feel something they are NOT . Im retired in the UK And for the life of me WHY Some people want to inflict the WORRY Of paying all those BILLS... 'I Live well in life . with no worries ' i sleep well ALSO . THIS WAS Cheap MONEY That caused this . its the same in the UK .
    15
  5670. What Walmart would do is take a good selling brand name product, copy it, cheapen it up, replace it with theirs, and sell it for the same price, if not a couple cents more. Don't feel for them.
    15
  5671. Thank you for your astute observations on real estate here in FL - Congratulations on how your channel has grown this year! May you and your wonderful bride have a Blessed Christmas and a healthy, happy and prosperous New Year!
    15
  5672. De Santis is more concerned with Banning Hemp in Florida then tackling the out of control cost of living.
    15
  5673. Great advice for home owners to be prepared to pay for repairs and upkeep. Houses always need upkeep and repairs which mostly are unexpected. Also it’s a good idea to build a relationship with a good plumber, electrician and even a handyman. It’s always easier when you know ho to call.
    15
  5674. Agree with you 100% about hurricanes and how much they suck. Went through Opal in 95, and Harvey in 2017. During Harvey it literally seemed as though the world was going to end. It STORMED non-stop in Houston for 4 days felt like Noah. I have been calling for a reverse migration out of Florida for 6 months due to the housing affordability issue. Unfortunately, I believe this storm will be the black swan event that will accelerate this reverse migration and be the push that will initiate a housing crash in Florida as many new residents will want NO part of the hurricane experience again they are just that bad.
    15
  5675. Will only get worse. Looking to get the hell out of here.
    15
  5676. 17:10 putting in checks on airbnb is absolutely necessary for curbing skyrocketing housing cost, especially for places that can't really sprawl outwards (like Portland). Rich landlords come in and buy up property and keep the property off the market so they can make huge piles of cash while the rest of the working folks in the city have to get squeezed into fewer and fewer long-term rentals (not to mention fewer homes for sale)
    15
  5677. Hey brother Mike. I call you brother my cuz you seem like a guy I would hang out with if we were able. I'm the 73 year old grandfather from Galt California who watches you regularly. I really enjoy your content, and you're honest approach the housing market and the industry in general. I hope some younger people and less informed people are heating your advice and warnings about the home-buying process. I learn a lot from you and share that information with my family. My 29 year-old son and his nine-month-old baby and wife just move back into our home. You have mentioned that exact scenario as being fairly common right now. In a year or so hopefully he will be able to move back out and buy his own place. But for now he is with his mom and I and we are thrilled to have him and his family here. But not forever he needs to plan and get smarter and listening to people like yourself will help that. Thank you Michael and keep up the good work brother. Grandpa Jeff
    15
  5678. This is good advice for ANY community that has an HOA.I live in TN on the Mississippi River. There are multiple HOAs in my neighborhood. One HOA has an issue where there's been some subsidence into the river. And the homes in that HOA are currently being assessed thousands of dollars to fortify the ground so as to protect a couple of homes. Do your homework before you move into an HOA ... I don't care how beautiful it is. Check the books!
    15
  5679. For those that purchased at the top of the market and participated in bidding wars are the ones that will suffer most. When the bubble pops the mortgages may be higher than the actual value of the home. BTW, having children is the most rewarding experience of our lives.
    15
  5680. Got out but because one day Cat 6 Hurricane will hit… Nevada real estate is hot and low insurance and taxes
    15
  5681. What kills me about the homes in this video is that their yards look like crap. They have major insect problems. I'm a stickler when it comes to my lawn. It's thick and super green. If you want to sell your house, at least fix the lawn.
    15
  5682. Please make sure you have all applicable exemptions on your homes. Everyone should have a homestead exemption on their primary residence. Senior exemptions are very important for older people being able to afford their homes.
    15
  5683. You can't buy anything cheaper at these rates and it's too expensive to rent as well. Most of these people have good credit and unemployment is still at record lows. People will do everything possible to stay in their home.
    15
  5684. Lol ... I'm the opposite. I've lived in Florida for the last 22 years and hate the year round heat. As soon as my daughter graduated from highschool, I started taking business trips up north to get cool weather.
    15
  5685. My thoughts are that the problems from 2008 were papered over with a band aid of enormous liquidity of the Fed... That band aid is now coming off. Nothing from 2008 actually changed... Good luck to all!
    15
  5686. My dad who was an extremely smart, blue collar businessman, was brainwashed to think that he was not worthy to teach his kids and so he relegated “education” to the public schools. We all ended up traumatized and indoctrinated. Though my siblings all became engineers they couldn’t be more of useful idiots and pawns for the ruling class and military industrial complex. Their minds were forever poisoned. As for me, I’m breaking free over age 45. I never did go to college 😉 (art school instead). Also, I learned to NEVER let the govt educate my children 😊.
    15
  5687. It makes me wonder how much housing would need to be built before we start seeing any housing costs that actually match the median household income. In Los Angeles they're finally building more dense housing like townhouses and apartments, but the high prices haven't really changed. Honestly, it seems like the best thing to do is to commit to making more and saving more, but the reality is that the affordability of even 20 years ago seems to be gone.
    15
  5688. Every day interesting content :) Thank you!
    15
  5689. There is some truth to “you will own nothing including insurance and be happy “
    15
  5690. When is it going to end? This is insane. You need so much money just to survive.
    15
  5691. My repairs are roughly 12k for 2023 and we're not at EOY yet I've gotten to the point where I buy all the materials before the contractor shows up Contractors charging 150/hr doesnt help
    15
  5692. We have seen this party before and people lost a lot of money. Be careful people
    15
  5693. I lived in Bradenton, Fl for 14 years. I moved Dec. 94 but visit every year. It has changed alot but Anna Maria Island is still amazing.
    15
  5694. I just bought a loaf of bread it cost me $5.29, used to be 2 for $5. I saw people are staring at the prices before picking up the items.
    15
  5695. Regarding rentals: In my area in Northern NJ I cannot even count the number of HIGH DENSITY BRAND NEW STRUCTURES going up! Within a 2 mile radius there must be at the very least 10-15. EVERYWHERE and I mean everywhere you look more & more are appearing!
    15
  5696. @ 17:03, incorrect. They understand COMPLETELY what they are doing & how it effects the people. They know.
    15
  5697. Florida is great. I have lived in Florida for 12 years. One thing to stay away from is Hoa subdivisions and manufactured homes were you lease the land
    15
  5698. A friend of mine told me the insurance on one condo doubled. I have felt for years that Florida is a trap. Sadly, so many “locals” on fixed incomes are going to get hammered. I feel like I dodged a bullet by not buying in Florida, even though I grew up there.
    15
  5699. Yes, I am from London which can be edgy but I felt uneasy in San Francisco, I didn’t vibe with it but I did with LA. More me than SFO probably. More comfortable in Florida and the South in general.
    15
  5700. Two undeniable tenants that have always served me well no matter what is going on. 1: The money is always made on the buy, never on the sale. 2: It isn't what you make, it's what you keep. I know people who make high six figures and spend every dime and then a little more just for good measure. You earned a sub today.
    15
  5701. I live in Winter Park just north of Orlando. My homeowners insurance went from $1800 to $5400 since 2016. In Nov 2023, I was forced to goto Citizens and their policy was $2500. Now after 1 month, I got a letter saying Edison Insurance Company is going to pick up my policy for servicing it over the next year and it will be transferred to them next Nov 2024 at a $2900 renewal rate. (all policies are very close in coverage). Much better than the $5400 I was paying and I'm supposedly with a very good private company according to my agent. (Edison Insurance Company) Happy things are going in the right direction.
    15
  5702. The people that need help with this will not be able to pay the insurance or property taxes down the road. I think we've seen this before.
    15
  5703. Wow. This guy really makes a lot of sense. Great advice 👍
    15
  5704. What's this obsession with Florida, consider moving to New Mexico, Oklahoma, Louisiana, Alabama, Arkansas and Mississippi. Cost of homes are a lot cheaper in these other states. Just like he said in a previous video, move to an area you can afford.
    15
  5705. "It's not what you earn, it's what you keep that counts". Benjamin Franklin
    15
  5706. I'm in golden handcuffs with my 2.25% 15 year mortgage I got about three years ago. Two weeks ago I cashed out 60k from my brokerage and put most of that in a 5% CD. If shit hits the fan I have 4 years of mortgage payments saved. Bring it on fed! Love the channel btw
    15
  5707. I really hope the government doesn’t step in to “help” the market. The market needs to crash and reset on its own.
    15
  5708. I live in southern California --- once upon a time, it was middle-to-upper-class areas. I watch another vlog - where the host shows people living in their cars, SUVs and motor homes. So many homeless - from San Diego all the way up the coast to Ventura County - and beyond. Many homeless sleep in the streets, under freeways, under bridges. In Los Angeles - the streets surrounding the Government Center --- are filled with people living in small tents. There are also many families with children on the streets - and in parks - there is no media coverage. Our politicians/leaders - "elites" - don't care - they go home to their mansions and beach houses. So Shocking!!!!!
    15
  5709. Michael, great points on student loan debt. I think the Biden administration most preferred outcome would be for another 6-12 months of a pause in payments. The longer payments are paused the less cracks from this student debt crisis will show up in the economy for the 2024 election cycle.
    15
  5710. When you opt for paperless bank statements, make sure to download the statements so you have a record. Otherwise, if there is a cyber attack and they lose records, you'll have yours.
    15
  5711. Nice place to take a walk beautiful! Everyone's getting ripped off now days probably crappy food getting even more scrappy lol!
    15
  5712. Wow. 5 people in a 4BR-1BA is an “absolute nightmare?” We had 5 people in a 3BR-1BA growing up and you know what? We never noticed. I better get myself to a therapist! I never knew I was abused as a child.
    15
  5713. Now do Compton😂😂😂
    15
  5714. In the real estate, walk and talk world of YouTube creators you are by far one of the best! 0:08
    15
  5715. Their fries used be crispy - now they're cold & soggy. The milkshake machine is usually broken. Only redeeming feature is their coffee - last time we went in, the damn coffee machines were broken. How hard is it like? Make the food be warm, the milkshake machine working, the coffee machine going strong. It's not Michellin star stuff - crispy fries, warm burgers, milkshakes & coffee. The Super-Corp dropped the ball these last few years - they screw up the basics. Give me a damn milkshake, a coffee, a warm burger, crispy fries. Don't rob me for them, & stop stinging out on the sauces - give the customer the little tub of sauce ffs.. "That's 75c Sir..." Fcuk off... I used work for McDonalds as a contractor - they were on the ball. They were always super-focused. Lately they are acting like they want to go bust - you tell me why. A McDonalds near me burnt down - ironically an EV in the drive-through lit it up. A year later, it's still a burnt shell. Nobody wants to bet on the rebuild. That's the writing on the wall. It would have re-opened within 2 months in times past - too much revenue lost for it not to make sense. Now nobody wants to take the risk on soggy fries, cold burgers & broken beverage machines.
    15
  5716. Thank you for all you do, Michael. Your hard work and your interactions with your viewers are what keep people coming back for more as well as attracting new subscribers. You're the best and I mean it.
    15
  5717. most people live beyond there means
    15
  5718. Love this show. Was looking forward to seeing it
    15
  5719. 🔥🇨🇺I left communist cuba at the age of 24 in something similar to that in 2010. Today I can say that I am a happy man living in this great nation! I have freedom, a family and many projects to carry out! God bless America and her people!🙏🇺🇸🇺🇸🇺🇸
    15
  5720. Michael, you should really take a close look at Massachusetts. Bidding wars are still going on. And yes, even the mobile homes are in a bubble.
    15
  5721. I’ll be honest working from home is not as productive as being in the office still getting work done, but albeit with distractions. But at the same time I don’t want to lose that privilege of having the opportunity to work from home on most days, or choose to go to the office all days. A hybrid method is the way to go and I feel that telework shouldn’t dissapear due to real estate.
    15
  5722. Thanks for addressing the woke narrative target is pushing 🎯
    15
  5723. big mistake getting rid of Uninsured coverage, you need that now more than ever given all the uninsured drivers out there, & it covers more than your medical bills - talk to your agent again about all of the benefits of UM insurance & I suspect you'll add it back to your policy very quickly
    15
  5724. i did mortgage servicing for 5 years. one of my tasks was to call people with HELOC & advise them 10 years is coming up & NOW they start paying on principle, whereas before they were paying interest only & their payment will increase. i got told all kinds of things & called names. it isnt my fault they used that $$ to go to Hawaii. karma
    15
  5725. FIRST TIME HOME BUYER’S BEWARE ❗️ Do your homework before you even get into a Contract. There’s just absolutely no excuse for these kind of builders. Shame on them. Karma will HAPPEN. Thank you Michael for sharing this situation regarding the bad building. Blessings, Carlos ✝️🙏❤️😊❗️
    15
  5726. Caution to condo buyers - make sure reserves are off the chart, and you can always addendum a new rule to prevent buyouts.
    15
  5727.  @MichaelBordenaro  15 bucks just for a footlong in Seattle with no extra meat, 😂
    15
  5728. I live in Germany. I'm currently leasing a Toyota Aygo Cross for 150 Euros a month. Inspection package included.
    15
  5729. That's what happened to me when the housing crashed back in 2008. It was my first HELOC. I had a $22000 HELOC and they closed it and said you owe us all of it now.
    15
  5730. People just dont work when there is a tv, cat, husband, screaming brats. It was a disaster. The ones that want to work at home were the ones abusing it. One or two days a week is fine for work from home.
    15
  5731. Great breakdown of the money and the numbers. I agree with you about the bleak outlook despite what MSM and NAR say. Plus, as more companies replace employees with AI, there will be massive job losses of relatively high income earners as Musk described recently. Those house prices are CRAZY! $615/sf?!
    15
  5732. After watching this, I'm staying in Florida.
    15
  5733. I'm not a big fan of EV's either. However, I do believe that EV technology is still in its infancy. I could see the technology including changing to be much better in 10 years. Nevertheless, the 2030 plan is too optimistic.
    15
  5734. You give the best info on the Florida real estate market than anyone else. I really appreciate your integrity. ❤
    15
  5735. Ha! I’m having Mexican for dinner and and Mexican Beer
    15
  5736. Hello again Michael, great advice for potential property owners ,over in England ,bought my first house in my early twenties, it was a terraced house , i had a small garden and the houses were arranged in a block of 4 with shared access to them , i had a 200 year old lease the houses were built in 1909 , late 70`s when i bought it , i had to pay at that time £5 a year ground rent to Olive Countess Fitzwilliam settlement trustees , this cost was split four ways so each paying £1.25p each household , mine being the biggest house of the four so i was responsible for collecting it off my neighbours, it was too much trouble to collect so just used to pay it myself :} for them ,the interest rates were double digits fortunately i had a small mortgage, happy days :}
    15
  5737. I lived in SW FL from 96-04. I absolutely loved it. It was like paradise for a northerner. I remember how crowded it was getting back then. My dad still lives there but is thinking of moving a few states north to my area for the reasons you spoke of. It’s crazy what happened in such a short time. It’s kind of happening where I live now 😂 have a great day y’all 🍻
    15
  5738. The tax tables change yearly. While the Uber wealthy are exempted from billions in taxes. It's the millions in the "working poor class" who pick up the tab. You can take that to the bank!
    15
  5739. Personally, I would rather have federal funds go to pay for the post office then to let private companies do mail services for us instead. That would be an expensive disaster.
    15
  5740. They're putting the deals out there before everyone starts having to pay winter heating bills.
    15
  5741. Florida is going to eat itself. It's a state based on tourism still, the jobs that need to be done here are not in line with the cost of living. There is going to be a mass exodus of the working class and what will be left are a bunch of people from up North or from Cali who work from home making wages from those states and no one to work the jobs that need to be worked so the economy can keep going. No one moving down here is moving without a job they are simply brining their bigger paychecks and pushing out the working class. Then they complain that lines are long in the stores and they can't get seated in restaurants. It's a total sh*t show over here in SWFL, I don't know what is going to happen but it does not look good for the normal working class. And that is not good for the state of Florida.
    15
  5742. I used to wait tables at Harrys in downtown st augustine 6 years ago, went to high school 30 minutes south of there. I could 100% see you being a local there, you’d fit right in with your laidback beach bum vibes. (not calling you a bum 😂 but you know what I mean) haha
    15
  5743. I thought this idea years ago. Standardize all electric car batteries so they can be swapped out with a fresh battery when the charge is low. It's like the propane tank exchange concept. Electric fork lifts in warehouses does this now. The stations then recharges the exchanged batteries to be then replaced into the next customer that needs a charge. In and out in 5 minutes vs an hour to charge.
    15
  5744. I am a Marine surveyor and Boats are still selling, however they are all the high end boats and small boats. Either 1.0 Mil or around 250k and lower
    15
  5745. another great upload. this is 100% true. i am blessed to have a cheap mortgage that i could still pay even if i lose my job and im forced to work at mcdonalds as a frycook. i would be so stressed out if i had to pay a 3, 4 even 5 thousand dollar a month mortgage.
    15
  5746. It’s called instant gratification. Most who have a fulfilling life had to work for it. Tech has screwed all of that up. I played outside, surfed, fished and played in a garage band. I had to work for an allowance. I had my first job at fifteen busing tables. Most kids don’t do that anymore. Debt can be a bigger killer. Cash is king. Having some self- discipline and patience will get you so much further in life. Learning how to bounce back after failure is something that just comes with time. It takes a long time to pull it all off and having good parents as role models, knowing your limitations, and having a realistic expectations are key. I learned the hard way but I was able to power through with constant effort and self improvement. Life is like the fog of war. It’s crazy, unpredictable, and there’s the fear of the unknown. One day it all becomes clear and it’s only then you’ll be able to see your path and where you’re really going to go. Drugs and alcohol can screw all of that up. I know that first hand. I made it, retired from the military, no debt, and waiting to move to my former stomping grounds in South Florida. I almost tear up thinking that I’ve actually survived it all and my future is waiting for me. There’s no feeling like it. I’m 55. Like I said, it takes a while and I would consider myself early to the party.
    15
  5747. Condos are just a huge liability at this point given the recent legislation regarding reserve requirements, accelerated maintenance plans,.... as well as the accompanying increase in HOA fees. It's going to hurt current owners a ton. However, if you look at them like a bond, at some point the price of a condo might be attractive, just depends how much under par you have to pay. I will say this though, the current "bag holders" are screwed.
    15
  5748. Most of the sellers in my area are snowbirds. Most Real Estate in Martin and St. Lucie county are owned by snowbirds. Until Ron DeSantis wins in 2024, things will remain hard for all Americans.
    15
  5749. You're just holding the house for the bank. They want you to go under later down the road. Then they take the house or the cash left in it.
    15
  5750. Live below your means instead of keeping up with everyone else.
    15
  5751. I lived in Beverly Hills for years (as a renter in the flatlands). Rich young men from Dubai and Qatar rent houses at that price for a few months during the summer and fall months, which apparently don't have pleasant weather in their home countries. They're infamous for throwing lavish days-long parties and illegally racing "supercars" through residential streets (the noise from those cars was the bane of my existence). Beverly Hills PD doesn't stop them because the partiers hire off-duty BHPD for security at $150 an hour and they're not going to do that if the cops ticket them for street racing. People like that won't be touched by a recession nor even another Great Depression, and I can easily imagine their counterparts renting that overpriced crackerbox. I think it's just a bit early in the year for it: who takes a vacation in Florida in the summer? I predict that house will be rented by September or October, but it's clear the landlord doesn't know how to time the market. Or perhaps he does, and he's listing it for rent now for tax purposes, because it was offered for rent and stood vacant, he can deduct those "lost months" of rent from his total income. Ya gotta think of tax avoidance angles when you're dealing with the rich tribe.
    15
  5752. Anyone who fell for the forbearance scheme is a fool.
    15
  5753. Great to see you as usual Michael. I graduated from High School in 1971. Nixon ended the draft, just in the nick of time for me. Was just checking new listings in Fort Myers Beach, and noticed that the damaged mobile homes are hitting the market (As Is). For 200K, you can buy a trailer that is totally destroyed inside. There are several to choose from. Think I will pass.
    15
  5754. I don't really understand the cookie-cutter flippers houses because every single house looks exactly the same inside. White walls, grey floors. Why wouldn't they atleast give every house its own color scheme and accents, etc? They look really tacky to me. I wonder about the cheap, square, very small, very old and dumpy $50k homes they bought in Tampa to renovate and now are on the market or $300k or close to it. My question is, who, that could qualify, would want to live in those areas? I can only imagine they are people looking to rent them out but again my question is who that could qualify would want to live in those areas?? Would you even want to live in a house where your house is the best and the rest are old and dumpy? Prime candidate for a fresh home invasions would be my worry.
    15
  5755. I'll be able to finally own a starter home by the time I'm 60, given current trends.
    15
  5756. I live in Orlando but is in the process of moving out to NY (I'm in my 20s) I have basically grown up there and a lot of people that I went to high school with and college are in the process of moving or have already left. Some went further south like Miami, some left to California, others went to Texas, New York, Seattle, the majority left to Colorado. Literally, it is the lack of good-paying jobs in Florida and the lack of diverse terrain. The theme parks gets old and the nightlife is not as exciting as for example Miami. Plus there were so many job losses from the hospitality industry because of COVID and the governor in this state is trash like the previous 3 governors.
    15
  5757. No how many people these towns go after, it's never enough. Don't let them fool you Michael. They will still raise all your taxes & fees regardless. Legalized theft so they can hand out large pensions & lots of nepotism.
    15
  5758. We have a fixed rate mortgage and our monthly mortgage payment went up by 700 dollars due to property tax increases alone. I could not imagine adding another variable such as a variable interest rate going up and property tax increases !
    15
  5759. People are a lot more armed and less held up by community and family than they were during the last depression. I can't imagine the US making it through another one. Very sad times, let us hope for the best.
    15
  5760. When someone asks us about moving to FL, I tell them to experience two times of year before making a decision. Of course mid summer, heat, humidity, bugs, lightening, rain. The other, snowbird season, traffic, traffic, traffic. I have also found that if you stay long enough, you build a much higher tolerance for heat. Friends of ours who have been living in southwest Fl for over 20 years, he works outdoors year round, and they find anything less than 70 degrees "chilly" and they'll throw on a sweater.
    15
  5761. Torrance once was a paradise for folks in the aviation industry. Back then, all the bigs were there, or within a city or two away. Even Big Auto had large offices there (e.g. Toyota, Honda...). Now it's all gone. Wage increases are only going to drive housing further through the roof. That's the Wage-Price Spiral us old farts lived in the 70s and 80s. Times change. People don't. There is nothing new under the Sun.
    15
  5762. $800 month invested over 30 years at 8% comes out to $1.2 million. Rent, invest, and come out $1 million better off without the headaches of home ownership.
    15
  5763. you can make 1300 sqft work if you have to
    15
  5764. You got one more subscriber..
    15
  5765. I remember when regular was 28 cents a gallon (circa 1971).
    15
  5766. Money is like sex. Some people have it and some people don't.😢😊
    15
  5767. I am one of those people. I'm 53, single, have a net worth in the low-mid 7 figures and I make around a 1% salary. Prior to the pandemic, I set a goal of retiring at 57. Now, given the decimation of my 401(k) and brokerage accounts, as well as severe inflation, my timeline is totally uncertain. The way I figure it, I will probably not retire until the stock market rebounds miraculously and/or I receive a large inheritance from my elderly parents. I could theoretically cash out of my homes today and live very modestly on the proceeds, but I personally don't think it's worth it. I plan to live another 40+ years and I don't want to be clipping coupons the entire time.
    15
  5768. GOOD CALL!! They should think of it as a course in contract law to go along with their higher education---if you sign the papers and take the money, you have to pay it back!!!
    15
  5769. I don't know why people give you a hard time about being doom and gloom. This is the reality of what is going on right now. I would think they watch you for the same reason I do, to hear some of the stories currently going on and how the market is doing overall. It helps you make better decisions. I thought that was self evident but I guess not.
    15
  5770. Sooo glad we sold at peak of the crazy high prices last year, and left SW Florida !!!! Florida will need to fix their home insurance debacle (among other housing issues) before it's future real estate market will recover.
    15
  5771. LOL I’m watching this and living in NYC for 18 years.. where everything is literally doubled, I’m moving to FL for sure!!!
    15
  5772. IM LEAVING AMERICA AND COMING BACK AS AN ILLEGAL AND THIS WAY ALL WILL BE FREE...HOUSING TOO !!!
    15
  5773. We are in deep trouble globally and in the U.S.! As indicated by Walmart low inventory, low customer traffic, only 2 staffed cash registers out of 12, and non-replenished food items. I am a U.S. expat, and shop at various Walmart stores in Central and South America. When Walmart has financial issues, economies have issues.
    15
  5774. These Are The Days of Our Lives
    15
  5775. Inflation and housing prices are going to go higher in my opinion. As soon as the fed stops hiking, the 10 year will get super bought up thus pushing mortgages down to probably mid 5% which is going to make people flood back into the housing market because they saw what 7% mortgages look like. This is going to send prices higher and inflation higher and the fed can only raise so much. The system is broken.
    15
  5776. You’re so right Michael. It’s so sad bcuz I’m a mom of 3 boys and as a parent, I worry about my children’s future. Their really going to depend on the sound decisions I make today. Our next generation will have it really difficult. 😟
    15
  5777. The City of Miami refused to preserve that archaeologic site because using this site to build commercial developments will be more lucrative for them. All those big firms, or luxury residential developer willing to rent or buy in that location are already lined up, and the City officials already got bribed to secure a commercial development deal. Everything is about money.
    15
  5778. Great video as usual, Michael 👍
    15
  5779. Is ok to go in vacation 3 to 4 times a year in Florida but leaving there is boring, to crowd, hot,humidity very expensive is just crazy, lot of people move there then they regret!!! Bottom line Florida for vacation and other places for living where cost and living is better, good wather etc.
    15
  5780. He’s gotta Midwest work ethic
    15
  5781. Real Estate is the economy and the economy is Real Estate...Earlier, I heard someone say the savings rate was 2.3% and I thought they misspoke. It is...I love your attitude in this vid. No sugar coating it and full of frustration about the nonsense spewed to us for many months now; it really is getting old. One of your best vids. 😄
    15
  5782. Let's look at Ft. Lauderdale's rain total for yesterday. 7 months of rain in 24 hours! Here goes the insurance for everybody in Florida like you said in one of your street walk video's a couple of days ago. I hate to say it, but, Florida is really looking bad as a whole for sustainability, like, insurance, health care, food, etc. This it's even hurricane season yet. I'm from Michigan and planned on retiring there where my sister lives in Lake Mary, but not anymore. Good luck to you, you're going to need it. Tim M.
    15
  5783. You're spot on Michael. It's far worse news to allow this economy to continue to drive people from the middle class with good jobs into poverty, than to have a painful recession with significant asset price declines to correct the course of the economy moving forward. There's no avoiding pain at this point, so going through the kind that sets us up for prosperity on the other side would be the best possible news of all possibilities. It also comes with the added benefit of weeding out all the businesses and bad debt that shouldn't exist anyway.
    15
  5784. I hope you’re right but I fear lower rates will cause home prices to rise again
    15
  5785. Dude. Your videos are as informative as they are addicting. Keep 'em coming!
    15
  5786. Sucks. Cash only and with $50k over listed price where i’m looking. These buyers are destroying the market for anyone that needs a loan. Most aren’t from Florida either. Those who aren’t selling or vacating due to the convenience of forbearance is also killing inventory. There some comfort in knowing what goes up, must come down.
    15
  5787. Been in CA for 21 years ... it’s horrible. Insane taxes, insane housing prices, insane homeless, insane laws, insane traffic. It does have world class universities. Amazing companies tend to center themselves next to the constant supply of epic talent from the schools. But don’t come to CA to live. And if you can, get out. Now that remote work is more acceptable, CA is only going to get worse because of all the money that will leave the state.
    15
  5788. 👍 Agree w/you 100% called this myself when the FOMO boom was happening a year ago!
    15
  5789. Thanks for mentioning this article Michael. CNN had almost the exact same article today and I honestly felt a bit offended lol. What planet are these people living on? Switched to youtube and your latest vid summed up exactly how I feel. They can cook the numbers any way they want but we're not buying it.
    15
  5790. SUNDAY GREETINGS MICHAEL 🌴🌄🌴
    15
  5791. Nice job concentrating while being around all those people, that had to be really tough!!
    15
  5792. Wow Michael I heard about it this morning and was trying to find out if you were in that building or nearby. So glad you and Lizzy are well. My thought and prayers are with the people affected by this tragedy.
    15
  5793. I can not wait to congratulate you for all of this extensive comprehensive coverage of this situation regarding real estate and this walking inside this mall is so wonderful, thank you very much 😃😉
    15
  5794. Local property taxes paid for public schools and originated in colonial America, It ensured local control over schools. That concept went south.
    15
  5795. As usual, great reporting on the real estate market. The way you break it down makes it easy for people to understand.
    15
  5796. Half a million dollars for old house like this is nuts!
    15
  5797. Hi Michael. I received my insurance renewal. The rate went up 40%. It is still cheaper than rent to keep mortgage of 3.1%
    15
  5798. Brilliant observations regarding the sun intensity and the sea mist from the Pacific! However being from New York, I much prefer the Miami scene. To paraphrase an old saying, LA is a nice place to visit, but I wouldn't want to live there.
    15
  5799. Excellent episode Mike! Hell yeah, limit the foreign investment in our country. Some foreign investors have nefarious intentions aligned with those properties.
    15
  5800. The money isn't there to be spent NOW. People are maxing out their credit cards--that's how they are continuing to spend. The GDP number is a big sham.
    15
  5801. Just moved from Orange County CA. Already miss mountains and quality shopping. Stores around here look like going out of business. And not very many concert venues. I live in Tampa Bay Area. Happy to see here in FL that you can be patriot of the USA and not get beaten up for that. 👍🏻😁 Definitely haven’t seen very many homeless people. And problem isn’t only about providing them with homes. Many of them don’t care for that. Beaches for sure much nicer here in FL! And these amazing thunderstorms! Love it. There is no perfect place, but I think nature wise CA and FL are both beautiful. 🌞🌴🌺
    15
  5802. I have been patiently waiting for prices to reach reality but every time they try to meet it the Fed rushes in to push them back towards the stratosphere. Homes here in Westwood Lakes are still selling for double what they did in 2018. Almost none of the houses for sale today have a sign posted. Yet you know where they are as the sellers cut down most of the vegetation, plaster over bricks, replace windows and paint everything else white.
    15
  5803. I owned a house for 28 years,now I rent a studio apartment and am so happy that I make Mr. Rogers look mad😊
    15
  5804. I have to say that the Federal Reserve really dropped the ball here in so many ways because by lowering the rates it artificially created demand for long term debt. Middle class forks are now competing with investors and each other. It is just terrible. If the markets are not regulated you can bet your bottom dollar this madness will continue. I mean look what is happening in Canada. What a disgrace!!!
    15
  5805. The multiple cars in the driveway phenomenon is present throughout the USA It began in 2020
    15
  5806. If you live in Nevada why would you not do all your Christmas “shopping” 😉😉 in California this year? You can get a lot of Christmas shopping done for $999
    15
  5807. The rent runs around 1,020 now and you have to pass a background check and have good credit and show that your income is 3 times the amount of lot rent
    15
  5808. The big hedge funds will come to the rescue!
    15
  5809. We are already in Hyper-Inflation, and we will be feeling the pain for the next decade if not more.
    15
  5810. Never sell a house! Buy and hold there are many ways to make money on a house without selling even with no equity.
    15
  5811. "Just list it at the right price to begin with" ---- sage advice
    15
  5812. Well Florida is depressing can't imagine what the property taxes are now that being said I'm in California and my insurance is $900 a year and property taxes are 2400 because of Prop 13, I can't imagine a worst place to retire to then Florida if you're not rich, but then again you have to be rich to retire in Florida I feel sorry for all the middle class people.
    15
  5813. I bought a house in a beach city in Southern CA in 1990 for 290K. I sold it in 2000 for a little less than that. Ten years and zero appreciation. It's 800K+ now but for ten years nothing.
    15
  5814. Because of stories that horrify me w squaters in peoples homes i will never have someone live w me. Ever. Wont rent out rooms, do airbnb etc. Nada. It's me and my cats, and that's it.
    15
  5815. The amount of theft is unreal in Sarasota
    15
  5816. I wonder at what point citizens start fighting back against their foreclosures? Do things eventually get so bad that the police don't even bother helping banks execute these foreclosures? I know for sure many police departments have been on silent strike for the last couple years and don't even bother solving crimes.
    15
  5817. I can't believe people didn't see this Tesla issue coming from a mile away. Wait till the rolling blackouts start, nice $60 thousand dollar paper weight.
    15
  5818. Hey hey Michael and Lisi 🤗💜 Keep spreading the truth! We all value your knowledge!
    15
  5819. Most of house here in San Diego CA are still 40% over price… still not good time to buy…Thanks Michael for this Info👍
    15
  5820. I honestly don’t understand why college tuition is so so high. I have a neighbor who is a professor at a small college who is doing more research studies for his own purpose than teaching but pulling in a full salary and benefits. Not only the salary and benefits from the college but he uses the college’s resources for his research.
    15
  5821. Love your honesty as this is very helpful for people who want to move to Miami :)
    15
  5822. I wouldn’t want to live in a high rise long before this tragedy happened. Michael, it seems that now is the time to go north and buy a single family in St Augustine!! Good luck!
    15
  5823. Prayers and blessings for all survivors of hurricane!🙏💟 Once again we are reminded by nature we are not in control! Past couple of years I spoke to 2 owners who’s houses were destroyed by lightening,couple destroyed by tornado and these happened out of a blue! It was devastating! I hate to say this but waiting for the highest paying buyer is not always the best decision , you never know you might lose it all! Ft Myers’s houses went up 40% those who sold theirs not waiting for more money. Were smart ! As someone who has been in sales most of my life I know so many things can happen while you are waiting for the highest bidder you might not be able to close the deal, greed is never the answer! Thanks to Michael who brings up so many good points in his videos! 🤩
    15
  5824. I would definitely be interested in an analysis of Tampa Bay
    15
  5825. Good videos! Thanks for presenting some fair Narratives, on the issues faced by small employers, property owners and people who own and rent properties. Too often, only the voices of employees, non property owners and renters are voiced.Thank you for giving some insight into the challenges faced by people on the other side of the fence.
    15
  5826. Insurance rates on older buildings will eventually reflect the risk too.
    15
  5827. Shotty construction due to rampid corruption. Guaranteed!
    15
  5828. Don’t forget that Carla could refinance! John would always owe more on the home. You date the interest rate, but you marry the purchase price
    15
  5829. Of course foreign entities should not be allowed to buy our realestate. It is usually impossible for us to buy realestate outside our country. And when it does happen, the investment is often stolen back.
    15
  5830. The sad thing is Michael ! 🙁The big wigs can turn things around for American people if they want too but they won't!! America is the richest most resourceful empire in the world what does it take to take care of its own citizens who are suffering just to rent a place to live!!! At the end of the day you can increase the rent until cows come home but there won't be enough rich remote workers to rent the condos or residential buildings owned by institutional investors!🤔
    15
  5831. Thank You Michael, Happy Tuesday! Yes, keep showing the houses and property taxes.
    15
  5832. I retired in 2020 right as Covid took off. Company had everyone in the office working remote, I hated it. I enjoyed going to work, heck we even got commuter credits to ride our bikes in and we were very dog friendly in the office. If we got burned out staring at our computers, we were encouraged to go down to the warehouse and pull some orders. Heck it was nice to actually see some the product we were buying. Now on the other hand my son works remotely on the IT side and he's been able to work where ever he lives. He seems to be ok with it. Best way to succeed financially is get married and stay married as long as you work as a team and have the same goals.
    15
  5833. I believe in markets when they are not manipulated. But I do think of the homeless when I see $10 million homes.
    15
  5834. Seems like we all have to choose what we will tolerate and what we won't. Nowhere is perfect, as you pointed out. $700 water bills are not for me.
    15
  5835. I work maintenance at a small condo in downtown Austin, TX and I see the same thing with new high rises going up all around like crazy. Our building is almost 20 yo and cheaply built. The budget is out of control, we're right on the river in the heart of an entertainment district, party scene, pretty young women everywhere and the writing is on the wall. Some developer bought up a townhouse complex and is building multiple high rises. I can see it being bought out in 5 years. I will miss the scenery.
    15
  5836. I live on a rural road, 5 acres, 3500 square ft house. Privacy, freedom, no HOA, never going down that road. Sorry, wouldn’t live in one for free….
    15
  5837. I'm concerned about the future of California because people and businesses are leaving and taking their jobs with them, yet California real estate continues to climb upward and rent just went up again. With all of that you already know homelessness, and crime is rising and no one is safe anymore. Rich people are getting robbed in the streets and in their homes as well. Counties that used to be safe are no longer safe and it seems to be getting worse.
    15
  5838. I’m really hoping these price drops coming make homes affordable again. Lots of people are on the sidelines though waiting to pick up investment properties for Airbnbs or long term rentals so starter homes have so much competition. I’ve only ever lived in vacation destinations so trying to just have a home is a major issue.
    15
  5839. so many people haven't paid rent for years.
    15
  5840. In Michigan, property tax is 50% higher for an investment property, which discourages landlords a bit. Also, property taxes can not, by MI law, increase more than a very small percentage. This keeps seniors in their homes because their taxes would skyrocket to current level is they buy a new home
    15
  5841. I prefer a higher rate and low price vs low rate and high price. I could afford to pay off the loan sooner and refi when rates go down. With the latter you cannot do neither.
    15
  5842. There are no guarantees in life I think that’s what most people forget to factor in while they’re working to survive.
    15
  5843. I want a recession. Let's just let it happen and let free market adjust and come out stronger and better. Every time the government gets involved, it gets more screwed up. Short term real life pain for long-term success of America.
    15
  5844. After 13 years in banking, I would never write a check to someone I just met. You literally are giving them your name, address, bank name, routing number, and account number. Then they can start using that information and create fraud checks/ACH transactions. If you have a large transfer, send a wire transfer and now most banks allow to do it online. Also, who has time to go to the bank anymore? I personally feel everyone should check their accounts everyday and turn on 2 factor authentication for each bank you have. Don’t use text notifications either. Use in-app notifications. Setup balance alerts and security alerts. It’s all built into your online banking under preferences/security/alert areas.
    15
  5845. Latest data from Black Knight shows the number of mortgages in default (30 days plus but not necessarily in foreclosure) is about 4.5 million. That's where a lot of the inventory will come from.
    15
  5846. Rent is too crazy. That’s why I’m living in my car.
    15
  5847. Imagine getting evicted in Las Vegas Nevada where the temperature today is 115 degrees. Las Vegas leads the entire nation in number of evictions.
    15
  5848. I think it’s so cool to see different YouTubers collaborate. Enjoy both channels.
    15
  5849. Buyer's Remorse is real. People from city don't know the first thing of taking care a house. Someone of them never mow a lawn, do small house maintenance (roofing replacement, siding replacement, sidewalk or driveway re-pavement, or plow snow from driveway or sidewalk. Of course they can pay for someone to take care of all these things, but that is on top of regular payments.
    15
  5850. If you get a trailer You put it on your own property therefore you don't have to move it. This is a lesson don't put your trailer in a mobile home park your subject to rent increases and HOA fees that do nothing but go up. Good video thanks for all your work.
    15
  5851. You are right, A sold a house and refused to sell it to an offer ñ estor also refused to use a Real state Agent who was just going to pocket $25,000 for doing almost nothing. I did sell the house for a market value and gave the buyer part of the commission I did not pay by lowering the price some.
    15
  5852. Your father and I are the same age, my father past away when I was seven. For you to be able to sit down and talk with your dad is very special, cherish it. Your dad appears to be a wise man that can still impact his children’s life. Thank you for this candid interview. Bless you
    15
  5853. I love this channel and Michael's guest. He has knowledge, fervor and enthusiasm. I thought i was the only one with sense. Excellent content
    15
  5854. Ever been to the Fort Walton Beach area? I live in Brevard county but I stayed in a hotel in Fort Walton Beach last Labor Day when hurricane Dorian was lurking offshore. The beach sand is like white sugar. Lots of beaches and restaurants but still had a small town feel.
    15
  5855. not sure why but I love these videos
    15
  5856. Yup us young law enforcement officers can’t afford a house orrrr we’re house poor with a room mate rn . Meanwhile older deputies think we’re just soft bc they brought their 80000$ 10 or 15 years old and make way more money than us new people. To help us out , Ron desantis give us a 1 raised and the county give us a 55¢ raised 😭😂🤡 good but can’t live comfortable rn . A lot of overtime 12 hours shift 8 days straight sometimes
    15
  5857. 19:27 It's good to see DeSantis showing concern for Florida citizens. Illegals put a huge strain on social services and subvert wage growth among other social costs like increased crime, etc.
    15
  5858. I think you’re right, that it would be a good time to sell now while prices are high. Can’t believe the prices in your area.
    15
  5859. A lot of people are obsessed with spending, and they use CC to get their high. Just like buying new cars, they just got to enslave themselves.
    15
  5860. Remember everyone, it’s not a crash unless prices fall below normal value. Not current value. If the house is really worth $150,000 but is listed at $270,000 and then goes down to $220,000, it’s not a crash. It would have to go below $150,000 for me to consider it a crash. I just want things to get back on track and not overpay what it’s worth.
    15
  5861. The guy that over paid—obviously no due diligence. Some people deserve what they get
    15
  5862. I agree with you regarding lifestyle improvement living in Florida versus Illinois (Chicago) where I came from. It’s 1000% better in Florida. The caveat, however, is employment. I was lucky and worked from my home in Florida for 14 years but for my Chicago office. Although there are opportunities for employment in Florida the salaries tend to be less generally. Florida is great for entrepreneurs or medical professionals. Yes, the driving is horrendous in Florida especially during season when nobody seems to know where they’re going.
    15
  5863. Wow. This is so scary. They are doing everything in their power to ensure that people are not able to buy a home. Who can really afford a home costing north of $1 million dollars? The whole system is rigged against regular people. Thank you brother. You and others on these platforms put the "lame stream" media to shame. Keep up the great work. I will keep liking, sharing, and subscribing. Take care.
    15
  5864. I thought you were right when 4 for sale signs went up in my immediate neighborhood last month. ...they all sold within 45 days .
    15
  5865. The squatting trucks are owned by boys who squat when they pee. They just let the whole world know.
    15
  5866. Watching Michael walk in California is the most of California I have ever seen. To me it seems California homes have more charisma than Florida homes. Florida homes look more sterile with one or two palms for landscaping. In California the landscaping is more mature and pretty. They also have hilly terrain and ocean views from the cliffs and high grounds. In Florida homes are larger and newer. Both are now so overpriced that I would never consider buying it. Here in Midwest you get a large house with acreage for the price of a million dollar home in Fl/Ca. that looks like a glorified shed to me.
    15
  5867. Hey Michael: Good video. One question: are there any laws to protect the tenant who rents a condo, and the owner happens to be in foreclosure on the unit, or after the tenant has lived in the unit for a while and the owner is being foreclosed on, and the bank or mortgage company gives an eviction notice to the owner’s tenant tenant (whose been paying his rent faithfully all the while). I’ve heard of this happening frequently a while back. Could be a resurgence of the problem given the state of the economy. Thanks.
    15
  5868. I wonder how many homes and businesses are underwater now in the USA?
    15
  5869. Credit was the chief factor in allowing people to afford post-WWII developments, such as TVs, washers, driers, refrigerators, window air conditioners, and others.
    15
  5870. They didn’t want unemployment in 2021 because it would be getting pretty bad right now. It’s an election year…
    15
  5871. Congrats on 300k subs! Keep it up! U have a great channel! 🎉💪✌️
    15
  5872. Michael talks like an economics professor. I took membership just to honor his talent.
    15
  5873. Michael, I am all for holding physical gold and I have done so since the 2008 financial crisis - to a limited degree and as disaster insurance, not for investment purposes. And just as you try to educate people on house buying, you should also talk about the pros and cons of precious metals. Buying gold for the sake of buying gold is not a good approach, and people need to understand why that may be.
    15
  5874. Builders will go back to doing what they did in 07-08 by giving buyers cash back at closing in the $50-$100k range through either realtor commission rebates or similar. It's probably already happening.
    15
  5875. Michael, the condo identical to mine that OpenDoor bought for $452K and listed at $485K in June, just sold for $355K. When they had an open house, they saw me walking my dog and asked me if I knew who was the idiot that sold his condo for $424K in July. I didn’t say it was me, but I made over $300K on my sell… they lost over $100K. Who’s the idiot now?
    15
  5876. Florida used to be hot , now it's intolerable torture 🔥
    15
  5877. Hey Michael we haven't even started to look at the spontaneous combustion/ EV fire issues: NOT a good idea to park them in highrise parking. Cheers from Nova Scotia!
    15
  5878. Rates are not going down for several years. It was market manipulation and no concrete word from Powell that there are to be rate cuts. The media pumped up something that the Fed never said. The markets surged. That was the goal to dump cash into the markets before it crashes hard in the next 6 months. The rates are historically low. 5% on a 10 year Treasury is not high. Nor is 7% on a 30 year mortgage.
    15
  5879. my grocery bill is $400 a week wtf
    15
  5880. That's crazy. You would think that senior citizens would have a house paid off by now. I know there's always a few exceptions for various reasons, but to have a whole bunch of old people becoming homeless because they can't pay rent is crazy. You younger folks better learn from whatever mistakes they made because those years fly by quicker than you will ever imagine. You don't want to work your whole life, then be thrown out on the street when you're too old and gimped up to even get a job.
    15
  5881. there are no "experts" critical thinking skills need to be taught at home - school and higher universities dropped the ball on this one
    15
  5882. The next wave of price drops will come from forced sellers. Such drops will create more forced sellers. Standing by with cash in hand in a year or so might be a very smart move.
    15
  5883. My (inland) house in Sarasota sustained about $8-$10k in various damage due to wind. None of it covered by my policy because of the "hurricane deductible" (3%) - although I filed a claim I just went ahead and got the repairs scheduled and I bet it will ALL be coming out of pocket. Still not heard from a claims adjustor after 2 weeks. I'm not expecting a dime from these crooks. I actually do feel like I'm throwing money down the toilet paying for coverage. 110% sure they'll be back at renewal time with their hands out looking for even more money for their worthless coverage.
    15
  5884. When the inflation gets out of control like it is now it takes a lot to get it to 2%.
    15
  5885. As someone wanting to become an investor after buying my first home at the end of last year, I like your idea of having a 30 day period where the seller has to give room to primary residence buyers. And then just have a law that ensures the house can’t sell for 5% less or more than it was offered to primary residence buyers. If they need to lower it, they have to start a new 30 days for primary. I think it would keep people from driving prices up too high initially and give a real opportunity to primary buyers
    15
  5886. In reality, most citizens cannot afford a $300K house. People are kidding themselves if they get into one and find out all the expenses of owning a house. We are going to be a nation of renters within a few years.
    15
  5887. The whole purpose in raising interest rates is to slow down the demand for buying these houses It's working.
    15
  5888. Dave over at Southernprepper1 had a subscriber tell how their mom who lives in a small town in Fl not near the coast, just got her renewal for her homeowners. She got a $746 increase for an older, smaller home that her grandfather built she's never had a claim. Last story from his video today.
    15
  5889. Michael, love your videos and you are fabulous to watch. I’m rather addicted… looks nice a nice day in Florida today. Thank you for all your great videos!
    15
  5890. I sell cars at a large well funded Subaru dealership in San Diego. In spite of the new car shortage that's gone on for about 18 months, new cars are beginning to pile up in our inventory. Discounts on both new and used cars are now possible. The market has clearly flipped. Business was off because of a car shortage. Now business is just off. Are we in a recession? Certainly by using the "eyeball test" we are.
    15
  5891. I’m so glad you’ve discovered other beautiful places in Florida you would like to live. It’s very exciting! Yeah, I’m with you. My husband & I have recently decided to wait on moving to FL because we don’t want to get in the middle of the craziness of the real estate market. It’s sad for us, though, because we’re certainly not getting any younger. So, we are just going to make more trips to FL in the meantime.
    15
  5892. Some sellers are just living in fantasy land. That home you showcased that has been for sale for awhile is a great example. You look at the cost history in it and is showed they bought the home in September of 2020 for $975,000. Less than 3 years later they are trying to sell it for $3+ million?!! What drugs are they on because I want some! Traditional increase of value of properties is roughly 3% a year, not 150% a year last I checked.
    15
  5893. Why do we have to live life where a winner profits from others misery? There are so many opportunities in life that you don't have to feed off the misfortunes of others. When making deals, leave something on the table for the other person.
    15
  5894. Hello Michael I've watched about 15 of your videos..I enjoy your straight forward approach...no nonsense great info for others the choose there path.....in about 3 years I'm moving south from nj...I use your info daily....thanks man your solid.
    15
  5895. I'm a house-hunting retiree. I've elected to buy a home in a stable central Florida market well below my means. I explained that long-term affordability was a firm requirement for me.
    15
  5896. Thanks Michael, always look forward to your videos. Your information is always appreciated. The people that claim its doom and gloom, well that’s where we are at.
    15
  5897. Thanks for your informative videos much appreciated viewing from Australia 🇦🇺.
    15
  5898. I agree! No need to have a brand new dream home right off the bat. My first home was a fixer upper condo for 130K, my second home was a fairly new single family home with no yard for 380K. Now, I am under contract for our dream home with 2 acres of land. Patience is key! Build that equity!
    15
  5899. This was my favorite video ever. It was awesome watching you unboxing your plaque. Congratulations, buddy. I’ll continue wishing you both nothing but the best, and I hope I get to see you unboxing the next one. Best of luck
    15
  5900. I wonder when Amazon is going to get in on the real estate selling market
    15
  5901. The rent is too damn high!!
    15
  5902. I enjoy hearing your thought process & your steps you are taking on your Journey about possibly moving out of Miami & trying something different & less hectic. 3 years ago, I moved from California to St Petersurg, Florida. On July 1st, I am switching from the Gulf Coast to the Southeast Coast of Florida!!! I really fell in love with the Delray Beach & Boca Raton area & the surrounding communites!!! Cheers!!!
    15
  5903. “Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.”
    15
  5904. Not paying your bills is extremely irresponsible in the worst way, completely irresponsible..... unacceptable...
    15
  5905. Home is where the heart is. Old cliche, but true. Great video Michael!
    15
  5906. Another nice walk…I had a condo in Naples FL back in the late 90s. Back then everything was affordable. Not so much now from what you and others report. Enjoy your evening everyone 🍻
    15
  5907. YouTube life is the way Micheal. Hope you get to 100k subs this year. Keep working hard.
    15
  5908. Friend that works at home depot had customer want to pay $200 toward his 10k balance on the 30% home depot credit card.
    15
  5909. "You give em whether I ask for em or not." 😂 Michael thank you for saying what are facts. You know your statistics and research. Biden's administration and the media keep happy talking the economy. We live here in America. We have eyes and ears. We know the truth. This presidential election will be very interesting for sure. Thanks for this video, Michael.
    15
  5910. The smart ones got into it and have gotten out already. It's always the ones who get in late after seeing other ppl are the ones losing it all.
    15
  5911. ....Florida is having some problems so Cuba is your answer? Lmao oooooooookkkkkkk
    15
  5912. Would love to see you talk a little bit about insurance, 100%.
    15
  5913. Bottom line..if you don't overpay for a home whenever u buy it, you will be fine through the cycle ups/downs.
    15
  5914. I thought the management of a complex was responsible for the maintenance of the building. How has it been insured if it’s structurally unsound? Seems like when you pay your HOA fees somebody should be held responsible for where all that money goes … or doesn’t go.
    15
  5915. Laws, permits, disposal fees, environmental requirements to move old to new home are not cheap in that area. California won't allow trailers on private property without meeting building restrictions. Land is not cheap.
    15
  5916. I still say after owning a large saltwater aquarium that saltwater and metal dont mix.
    15
  5917. I also agree with the buying property in agriculture and next to military areas. It is racist in a way but we need to protect our Country 🇺🇸🇺🇸🇺🇸❗️ You make excellent points on both sides and I truly appreciate that. You never cease to amaze me with what you learn and share with us. Glad that you’re having a great day in Florida. Blessings, Carlos ✝️🙏❤️😊❗️
    15
  5918. HUD sells homes dirt cheap to investors with no regard what the neighborhood homeowners property values are. Absentee landlords are ruining the average residential homeowner experience.
    15
  5919. Taxes, from 6k to 60K, that's absurd.
    15
  5920. Property tax is the biggest scourge on a home owner. You should not have to pay taxes on something that you supposedly "Own". And if you don't pay it men with guns will come and pull you out of your house.
    15
  5921. Respect Michael as an introvert i could never walk in a mall and talk to the camera like that🤣
    15
  5922. I was behind the boycott, what happened? Chicago Ray , if he believed in it, then do it, what does his grandson seeing the video have ANYTHING to do with it? I heard he didn’t run loads to NY anyway. Easy to boycott what you don’t do. I was watching to see what the results are. Still going to give it a week to see if NY prices went up or not.
    15
  5923. I drive 50 hours a week for work in NYC and it looks like Miami and NYC are very similar when it comes to driving. Everything you showed in this video holds true in NYC as well except with more cars and more variables (i.e. pedestrians jaywalking, bikes, e-bikes, scooters).
    15
  5924. We are considering moving there from Tennessee, My stepdaughter and her mom moved down to Florida about 2 years ago, My husband is completely crushed, he went from weekend visits to summer visits and he misses his daughter. My son's father is in Florida too and my son goes to his dads house in the summers so the idea or being closer to him while he is away sounds great too. And we are Scuba divers so being close to the beach would be AMAZING! It is bad hair day for me just about everyday too in Tennessee the humidity is no joke here as well so it probably won't be too much of a difference lol.
    15
  5925. HOWDY MIKE AND JAMES 😀👍
    15
  5926. I spent 100% of my income on rent and have for a few years. My savings are depleting very quickly. Substantially down.
    15
  5927. How about the PPP loans? Tell people those need to be repaid starting now. The rich would really howl about that but it would throw the brakes on inflation. Take a look at the list of PPP recipients. It’s amazing how many of them can go on and about how government spending is bad and how people shouldn’t get a handout. They seem to think any government spending that helps others is bad but government spending that helps them is necessary and wise. PPO was presented as loans wasn’t it? Time to call for repayment.
    15
  5928. Good evening Michael and Lizzy. I always appreciate you too on the trail 😊 Don't let some of these negative comments sway you. I assure you you're doing a noble job putting out your content Michael ! Enjoy the last weeks of Summer.🌻
    15
  5929. I'm in Orlando (Winter Park) and our building's budget is going up just over 8% for 2023. We're lucky that Orlando didn't get hit that bad by Ian and we're not in a floodplain because it could've been a lot worse
    15
  5930. If the last few years haven’t opened your eyes to the evil in this world, nothing will.
    15
  5931. But but but wasn't it supposed to Trickle Down??? Do we need to give more tax cuts for the rich? 😂
    15
  5932. Good video. My family and I are originally from south Florida. Left about 2 years ago and we are planning on moving back. No place like Florida. I will take bad hair and humidity over dry weather. The dry weather is horrible for your skin. Bad drivers are everywhere. I live in Nevada now and its not any different. Natives here don't like it when you move to their state. Not any different then Florida. Human beings by nature are territorial. Yes house is crazy now but Vegas is up too and medium home prices are 330k to live in the dessert. It's California moving in. So what's the difference. Natural disasters happen anywhere. I will take a hurricane I can prepare for over a tornado or earthquake that comes out of nowhere. I can't wait to move back. Cherish where you live. It is truly unique.
    15
  5933. Bye bye, I heard Uber is hiring
    15
  5934. The commentary was perfect. Say whats on your mind...
    15
  5935. I only go into the office twice a week. I honestly feel semi-retired.
    15
  5936. People can't afford rent and landlords are ending their leases for petty reasons if they can't jack up the rent. Then they can't find another place near or far. There are really no cheaper areas anywhere near some areas for 100 miles or more. It is terrifying. Who will be next, the actual homeowners who won't be able to afford taxes and utilities? I don't understand how the rents are going up so much. Taxes haven't gone up that much yet or utilities. It is these corporations that just don't care and greedy people who want every dime they can get from their investments. A lot of people are never going to own homes and rely on apartments. If once anyone could expect to own a home and then that ended, now it is like once anyone expected they could rent an apartment and now they really can't. What is the new normal, van life, sidewalk life, trying to find roommates? Dave Ramsey says prices on houses won't go down, they will just stop going up as fast. It is just interest rates are going up and making it more expensive than ever to buy.
    15
  5937. Michael I’ve lived and owned properties in NYC and now I live in Orlando for the last 7 years and I’ve owned my homestead and a rental property which I sold earlier this year for a cool 210% profit. I made it thru the 2008 housing collapse because I wasn’t greedy when I bought my house in NY (my husband and I always said we should always have a mortgage that a job at McDonalds could pay😂). What I see in the last 20 years is GREED by the BUILDERS and the DELUSIONAL consumer who thinks on their minimum wage jobs they should live in a brand new 5 bedroom in a gated community and get in with a predatory loan with no money down. GREED is the economy’s greatest problem. People do not save anymore, they live in the negative. Do not blame the government, more people and their kids would have been homeless and starving if the government did not step-in in 2020. In Orlando their are scores of empty homes and apartments but the builders keep building, which in tern causes a problem when you try to sell a pre-owned home. Very difficult for a 10 or 20 year old home to compete with a brand new home especially when the builders give all those concessions. In other states like NY older homes are just as valued because the market isn’t constantly being flooded with cheaply made new construction. People need to reevaluate their priorities if they want to be home owners. Foreign investors are a problem only the government can fix, this is the taking over of America if they don’t step in.
    15
  5938. As you know, and you taught me this in a previous video, the prices on condos can be hiding some pretty significant HOA fees, taxes, building maintenance issues, special assessment levies or future levies, lack of reserves, shady condo associations/management companies, odds of flooding, etc. that can cause some owners to take a beating just to get out of there. Michael, I know this isn't the case with all these you showed, but I would have to hire you or someone like you to ferret out the truth!!!
    15
  5939. I see the National association of realtors charging everyone more for dues . My current dues are $ 543.00 year . This doesn't include multiple listing services or supra lockbox fees . I'm in Missouri and I'm sure this varies from state to state .
    15
  5940. It's social justice! We are just paying them back for all the bad things we've done. That will show us to go to work and earn money!!
    15
  5941. I got a 30yr fixed 2.875 with no points 2020, my first mortgage rate in 1988 was 10%. My previous mortgage 15 yr was 3.5 with 2 pts in 2015, extreme swings in almost 30 plus years, those LOW rates are gone forever!!!!!
    15
  5942. Many average wage earners, let alone working poor, are priced out of any big city in the US . Small towns seem to be the only option left to own property. Most desirable areas in South Florida have become the area of mulit millionaires, and the very wealthy it saddened me as many families that have lived here generations are now priced out of the market
    14
  5943. Congrats on 300k subscribers Michael ! Keep up the great content.
    14
  5944. Michael is back at it again with a great video.
    14
  5945. Oooh, if you haven’t had bojangles you are missing out! Their Cajun biscuit sandwich and sweet tea is my go to. I never heard of it until I moved to GA
    14
  5946. retired at 70. many thanks for the great videos
    14
  5947. I bought a new house and my maintenance after 15 years was zero, just had to mow the yard.
    14
  5948. A lot of these work from home people that are now told to go back to their office bought a house in a state away from their jobs location…. Now they got to get a new job (thanks to layoffs is hard) or sell their house and move back
    14
  5949. Great point, but it seems that the US policy is to keep paper wealth high no matter how disconnected it is from reality. Even though the wages don't match the out of control costs, their answer is to get more people into debt that they can't afford, or subsidize a few select lucky winners. It would be better to see a massive drop in the cost of housing rather than to have someone's whole net worth be tied up with a basic necessity like their main residence. They could use the money they saved to invest into more productive assets. As a side effect of out of control prices, there will be a point where that paper wealth valuation won't matter because there won't be any buyers at that price range.
    14
  5950. Wow, that 2 million dollar house at 9:30 was only worth $389 in 2012.
    14
  5951. I bought house. Just the property tax is 800 a month. Forget about everything else
    14
  5952. 🎉🎉🎉 Hi Mr. Bordenaro 😊 I Just wanted you to know that I’m still following and watching your videos every day. But sometimes I don’t comment till later in the day, so after you get Thousands of comments I’m pretty sure that you don’t get a chance to read all of them. So keep on filming and I’ll keep on watching. Thank you for all your awesome thoughts and information. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    14
  5953. The cooler temp on "the beach" living is nice to hear. Important detail actually. 😎🎆🎆
    14
  5954. Once corporations start lowering their forecasts on their earnings, the layoffs will really start to take off, then the housing market will start to experience the real fall. It takes time to foreclose. It doesn't matter if your mortgage rate is 0, without a job, one can still lose their home plus real estate taxes are based on sales price in many states, so this will be a surprise to many new homeowners. Some companies have started to layoff, but it is only the beginning. Without a job, people will not be able to pay their rents or mortgages. My point, a housing prediction cannot be made until corporations start to give their forecasts for the rest of 2022 and beyond. If the forecasts are ominous then the layoffs will be coming. This month will be key as many companies will report their earnings and give guidance for future earnings. With inflation so high, not sure if the FED can save everyone this time around. Time will tell...
    14
  5955. Thank you, Michael. Good analysis.
    14
  5956. Most people forget about that incoming tax bill on that purchase price. Surprise!! Lol
    14
  5957. It costs time and money to do the proper research and editing. Each one of these seemingly effortless MB video uploads are likely an all day project, which is why I try to support the cause. Truth and facts are important. Give the man his due, if possible.
    14
  5958. It's people buying second and thrid houses that are the issue. This whole 'remote working is the problem' is a red herring.
    14
  5959. I appreciate you and that you are truthful about what is really happening.
    14
  5960. Everybody knows we are in a depression ,and everyone knows homes are going too crash really hard real soon. Americans owe tons of money most are so far in debt that bankruptcy is right around the corner.
    14
  5961. Had to update my insurance. The price doubled. Eventually with utilities going up and property taxes, people will have very little surplus to go out for breakfast Saturday morning. The cost of living in California is skyrocketing. The State did have a surplus but then they spent it all on freebies and now we have a deficit. I’ve noticed that many restaurants are half full. The down turn is coming so be prepared. Many companies are starting to lay off workers too. Hold onto your pocket books. Forget the new $40,000 electric car, you don’t need it. The highly leveraged will go down first. Expect economy to rebound once Biden is out.
    14
  5962. I feel the pinch, I cannot afford Christmas shopping this year, that being said it feels banks will keep saying we're doing great until everyone would start overdrafting
    14
  5963. I'm living in my parents garage. I'm putting a little over 50 percent into savings and I dont have any debt except for child support. I'm waiting for all of this sheet to go down I'm ready to wait 3 years to buy a house again. I'm sitting on 150k ish and building every week. I'm gonna put a low ball offer in on a forclosure Monday.
    14
  5964. Your videos are great. I like your chill conversation , I feel like I’m on these walk with you. Thanks for your insight.
    14
  5965. I work in a NYC local government office. The reason why the government is not laying off workers is because so many employees have retired that we are short staffed. Instead, the City of NY is looking to fill jobs. And, last week, all NYC government departments were told they had to reduce their budgets by four percent.
    14
  5966. Standard of living falling.......... meantime a million dollar boat cruises by. The top wealth apparently is doing just fine.
    14
  5967. Born and raised in winter garden Florida. It was beautiful growing up but after time it started to get crowded expensive and just plain congested. We got the f up outta there into Georgia.
    14
  5968. Loving the educational walks, hope you get to 100k soon!
    14
  5969. In a few years we will have so many people unable to buy homes and unable to pay rent...wonder what all those people will do. Having a 70k job and little bit saved for house use to mean access to ownership now it means poverty line living.
    14
  5970. I work in retail here in FL, I get an hourly wage plus commission. My paychecks have went down. My check is mostly just my hourly wage because no one is buying and if they are they are looking for cheap items. Plus they cut our hours because the traffic is not there. My last raise was in Sept 23 because minimum wage went up here in FL.
    14
  5971. I'm not sure that kind of price drop could happen on average throughout the entire US, but in many more inflated housing markets I think a drop of that magnituded is very likely to happen. I'm watching a few neighborhoods in Las Vegas as a potential buying oportunity 2023. So far the price drops in more affordable neighborhoods there has been surprisingly modest, but definitley going down, not rising. I'm surprised prices haven't fallen faster there so far.
    14
  5972. You need to do what makes you feel in control. My experience with HOAs is they collect the money but really don’t but it back into the real estate, I think it lines someone’s pockets. Stay safe.
    14
  5973. Though I didn't buy at the right time and at the best price, I'm glad I bought my house back in Jan 2022. I'm happy and able to afford it. Down 100k on a 400k house and mortgage payment is 1900 monthly with interest rate of 3%. Sitting in quarter acre lot, 5 bed, 2 bath, 2330 sqft in fresno, California. 😊 Thanks Michael for all the info, keep em coming.
    14
  5974. The pension system may be dying, but not in New York City. If you work for any of the top agency, sanitation , police, the fire department, correctional officer, work 22 years no age restriction, full pension with health benefits.
    14
  5975. you are right on!! Just tricks and scams by everyone now. mortgage companies and realators!
    14
  5976. Inflation is definitely a hidden tax. And it makes it impossible for one to stick to a well-planned budget. R.I.P. Robin Williams 🐐🕊️
    14
  5977. Sold my Condo in Naples due to the constant increasing costs. No mortgage, but between insurance, condo fees, and taxes my cost to own it was almost $24K a year or $2,000 a month. Things are so bad that there hasn't been a sale in my building this year. Several units were up for sale in the first quarter but not one condo sold. At the moment not one unit is up for sale and I suspect because they can't find buyers willing to pay the condo monthly fees that are now $16,000 a year.
    14
  5978. Fed pivot will trigger the crash. 3-18 months to the bottom. IMHO price is way more important - you can always refinance but you can't renegotiate the price.
    14
  5979. S-O-C-I-A-L-I-S-M. . .
    14
  5980. Hi Michael 😂 LOVE your videos! I have been watching you for quite a while and finally decided to become a channel member. You and Nick from Reventure have the best content! Looking forward to your next video 😊
    14
  5981. This video was soooo helpful, thank you so much!!!!!!!! I’m looking to move from the D.C area and I must say this is the best video I’ve seen and you’ve really helped me narrow down my search
    14
  5982. Keep it real Mike!! I personally like it when you tell it like it is. It makes me reflect on my choices and the things I can improve. I'm 57 years old and I don't live in the matrix with my head in the sand. The people that leave your channel want all the fuzzy news, but like you said that's not living in reality. I agree 100%.
    14
  5983. Loving all the collabs with my favorite streamers.
    14
  5984. I did that at age 23. Left Atlanta for San Diego. Had $1.75 on me when I arrived. Best decision I ever made!
    14
  5985. Best video ever! Thank you for speaking the TRUTH !!!!!!
    14
  5986. I fell in love with Kissimmee, Florida. Such a lovely state, will be moving down there from Maryland
    14
  5987. That CA beach looks brown, drab and boring. There’s no vegetation and very few palms. The beaches of Florida’s west coast, backed up by tropical flora and with turquoise water, talcum white sand and gorgeous skies and islands offshore, beats those CA beaches. Of course things are different up in Monterey along that area of the pacific coastline with its sequoia forests, cliffs and idyllic towns.
    14
  5988. Yes at some point in the future. As the bubble will pop. Just like it did during the financial crisis.
    14
  5989. There is no guarantee that your landlord is going to keep up the maintenance of the property you are renting…lots of of slum lords out there….
    14
  5990. WELCOME BACK TO SUNNY & HOT HOT HOT CALIFORNIA! When I bought my first house back in 1984, I got a ARM just because I couldn't qualify for a fixed rate. When the rates stablized at a good fixed rate, I refinanced for one with the help from my Dad. I'm now living in my 3rd house. Have a only a few years before the loan is gone. I will e retiring in a couple years from the USPS like your Mom. I will have no debt and hopefully I will have an idea on what to do in retirement. I REALLY ENJOY ALL YOUR VIDEOS AND I LEARN ALOT FROM THEM. KEEP THEM COMING! HAVE A NICE 4TH OF JULY AND BE SAFE!
    14
  5991. I’m a little surprised that you didn’t touch on the wildfires that seem to happen in NoCal more often. 🤨. I think San Diego really has the best climate … not cold/ not hot for the majority of the year. One place I couldn’t live in all year round would be Palm Springs … waaaay too hot in summer and too dry! Perhaps the best of both worlds would be to be a snowbird … Florida during the winter (and make that your permanent addy for the tax breaks) and California for the summer. 👍🏻
    14
  5992. We need 49 more of you so we can get real estate information and walking tours across the country 😂 Thanks Michael!
    14
  5993. humidity won't affect me at all. I save $100/year on hair products. bald is beautiful
    14
  5994. Mfg housing is getting somewhat of a bad rap. They have come a long way and can compete with conventional homes straight up. The solution for folks is not to move in a mobile home park but buy an economical piece of land a bit from urban centers but yet close to conveniences of towns and have it put there. The home financing is available by providing a permanent foundation "meaning anchoring the home to the ground quite affordably" and have quite the luxury lifestyle at half the cost.
    14
  5995. Hell yeah Michael! Bring the wife more often.
    14
  5996. I work at AWS they definitely over hired.
    14
  5997. Video Suggestions to bring more subscribers to your business: -Mall Tours -Beach Tours -Boardwalk Tour -Park Tours -Scenic Drives -Boating vlogs -Jetski vlogs
    14
  5998. Florida population only increased 3% since Covid, but housing/rent is up double in some places.
    14
  5999. I’m not looking to buy a home, but I do work in the mortgage tech industry. I enjoy your videos man because they’re daily recaps of what’s going on. Thanks for your transparent reporting dude. 🎉
    14
  6000. NJ and NY had the longest foreclosures 7.5 years or so
    14
  6001. 💥 crash or not, Florida is just way too crowded
    14
  6002. Lol that dog 😊 I agree with your idea of mandatory 20% down. it would drive up inventory for sure!
    14
  6003. Insurance or taxes - one of them will get you unless those two items are not super high. Here in NJ, the average tax bill is pushing $10k - keep in mind there are folks in marginal areas (i.e. one step from being an actual ghetto) paying this for a $250k to $350k crackerjack sized home here.
    14
  6004. Believe it or not, there are some merchants out there that will charge you more money if you use a credit card. I have driven by gas stations that would display two different prices. One for cash and the other for credit. When I went to a local donut shop, I paid cash instead of using my credit card because they were going to charge me more for it. it is because the business has to pay a merchant fee every time a card is swiped on the payment machines. Also, every towing company I have ever used were cash only.
    14
  6005. These are really GREAT videos !!! You are truly helping people make big decisions that will affect their lives ( especially in retirement)......THANK YOU, Michael.........Godspeed.....
    14
  6006. Last night I had a dream that Michael was going to say we are on track for something terrible. I should go into business because I’m a psychic.
    14
  6007. Don’t stop,your fantastic,your real estate knowledge is helping many families and individuals…
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  6008. Great video Michael, thank you. Hi Lisi! What a nice, smart lady Margaret. I agree this is just the beginning for Citizens unloading people, that's their goal. I hope we don't see any more stimulus money. Should have never been, so out of control, and so much fraud.
    14
  6009. Man $200k for that house in 1991. Apparently I’m 30 years late to the party
    14
  6010. I am amazed how many people have very little clue to how these homes get sold. If going it alone then FSBO’s would have taken off decades ago
    14
  6011. Houses have gone up 20% per year for the past 2 years. A 10 to 25% decrease seems pretty conservative. Rates going from 2.75% to 6% or more in a matter of weeks makes houses much less affordable.
    14
  6012. Florida an Australia running neck an neck to see who can create the biggest housing bubble sorry for them when it pops a lot of ppl will be wiped out 📉
    14
  6013. Those people living in that KY neighborhood don't know how lucky they are.
    14
  6014. May our Lord give peace and comfort to all who are affected
    14
  6015. If you can't pay your mortgage, then you will have to sell or default.
    14
  6016. Since COVID my girlfriend and I got better jobs/positions, make more money and have better teams and management. In the end it is just about keeping yourself educated, networking and going after better opportunities. I will never return to an office when I can deliver great work from home.
    14
  6017. In 2020, so many people had no income due to businesses closing. So IMHO, there were those who were already in trouble paying rent, and then the COVID responses artificially added a hell of a lot more. The government had to help them. And as always, there was no way to distinguish between the two groups
    14
  6018. I appreciate your content and the fact you’re not trying to sugar coat anything…keep telling it like it is Michael! 👍✌️🎯
    14
  6019. This is why I'm going to just buy a house that is slightly outside the city. No reason to eat out or goto public gyms. I'll just buy a bigger house, get a big grill, and build a home gym.
    14
  6020. I hate scammers. Good on her being caught. I hope they catch every single person that committed fraud.
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  6021. Foreclosures will start coming online en masse in many areas in the summer/fall of 23 and then accelerate from there. The thing no one is talking about is the up coming increases in the amount of short sales. We will see this happen before the foreclosure wave and that will hit most definitely by the summer.
    14
  6022. I always give you a thumbs up Michael, even when we disagree on stuff, keep up the good work. One thing that has become very clear to me after studying the Miami housing market is how it's not one market, it's several markets depending on location and type of housing you are looking for. Even Miami Beach is at least two markets, the single family and the condo market, and then there's South and North Miami Beach, not to mention the difference between south and north Miami itself, and then Brickell. Differences can be found even on condo level (new vs old) ... One could go on and on. Basically what I am trying to say is that anyone looking to move to Miami needs to be very specific about his or hers needs/wants and understand the risks for the different market segments.
    14
  6023. A lot of very bright people stay closer to where they grew up. Outstanding and talented remote workers can be found in a lot more places than the large tech centers now.
    14
  6024. This is why I left California for Florida.
    14
  6025. 4 years if you have no emergencies or unexpected expenses. In 04 I made 26k and bought a 3br ranch. Now we make 170k and are having a hard time buying an average home in the same town
    14
  6026. Michael, what can I say? You're awesome and I'm very happy for your success!
    14
  6027. When my old Toyota Corolla is not used at night, in the morning it has exactly the same amount of gas it had in the evening. This is not true for the EVs: battery charge decreases even if you do not use it (I would love to see the numbers). Next, producing and recycling batteries is a dirty procedure; for now it is mostly done in China, but given the new Cold War and all those brave politicians like Nancy Pelosi with her heroic visit to Taiwan, probably the battery production will be partially moved into the US. With cost increase and environmental damage in my back yard.
    14
  6028. FREEEEEEEDOM! Love Florida. Love the Governor. Love the weather. It is a great place to be. 👍
    14
  6029. I think its called the "Get your asses back to work Policy." Great to hear!
    14
  6030. Thanks for taking me back to the 80's! I had totally forgotten about assumable mortgages until today's video. It was a thing back when I bought my first home in "78. Another very informative video, Michael!
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  6031. Realtor in the Chicago land area here....we have way way more realtors in America than homes for sale....I know young kids that want to get their license assuming what they see on TV is just normal lol. When you have 500 houses for sale in area where there is 1000 realtors and its takes 60 days for a house to go continent and then 60 days to close....you have lots of people going a long time with no income.....its too easy to get a real estate license which is why everyone gets one...and then you have 90% of agents working that are just incompetent sadly....
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  6032. Thank you Michael for always bringing us the BEST current information regarding Real Estate and the economy in general. You always make so much good sense with what you share. Do you miss the hot humid weather from Miami?😂 Prices are still too high and it’s just not a good time to buy. So many people are going to be upside down if they buy right now. First time home buyer’s BEWARE AND WAIT. Don’t be another sucker and take your time to save money and pay off your credit cards. Best of luck to all of you. Blessings, Carlos ✝️🙏❤️😊🇺🇸
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  6033. Locked in at 3.25% in 2010 and have zero intentions to sell this house. Only thing I'll be doing as adding on to it and potentially buying another property. Makes zero sense to try and sell this and move into another.
    14
  6034. Those jobs are only part time jobs.Not many full time jobs. FYI ,while your walking around Tropical Florida,it’s -30 in Russia 🥶
    14
  6035. Buy low, sell high. Right now, it's high. Thanks, Michael.
    14
  6036. Michael Bordenaro I would rather have a condo. I dont want to clean my own pool,cut my own grass etc. I love having someone else handle all of those details !
    14
  6037. I've lived in Clearwater FL but in Florida it's so hot in the summer and there's a lot of bugs that you keep getting bit by them. And I'm originally from CA and everyone has there own views, i love the vibes here in socal and everyone i met around here are friendly. I've had too many toxic people in Florida. The weather here is amazing and we have mountains and hills.
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  6038. It's extremely depressing, and I'm concerned I'll never be able to afford the kind of home I was expecting to (and so close to affording in 2019.) Every time I get more money saved up for a down payment to get the monthly cost appropriate for my income, the rug gets pulled out. It's like chasing a carrot on a string, especially with the increases the last 3 years. For me it's not even having a down payment that's the issue, it's that the DTI always ends up being too high unless I was to blow money on some piece of crap still overpriced house. Even though I love my area in FL, it's getting way too expensive. The typical 3/2/2 is now squarely in the $300k territory, in an area where people make around $45k a year. It used to be $150-180K would buy nice homes of that size all day. Not anymore. You can still buy a nice house for that in IL for example. Unless this "correction" or "crash" drops prices 50-60% we're not getting back to that kind of affordability here. Nowhere even close. Let alone the doubled interest rates and house prices have doubled.
    14
  6039. I'm retired. I do know people, younger people that are now looking for work again. I also know people my age, in their 60's that are looking for work. WTF?
    14
  6040. I hope home prices go down! A LOT!!!!!! Current owners will pay less property tax and those looking to buy a homestead get a more reasonably priced home to live in. This NEEDS to happen!!!
    14
  6041. We will know ,whether people have learnt the lessons ,on Black Friday this year. Will we see people with cart loads of goods( both expensive and trashy ones)happily paying with credit cards?
    14
  6042. Hi Mike, just wanted to say thanks for your consistency, your videos have become part of my daily routine.
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  6043. here is a tip.. remember to ask for likes on your videos within the first few minutes. Find a way to squeeze it in somewhere. Likes help you get suggested more. Obviously watch time is king compared to likes, but the likes do help. You make good videos my man.
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  6044. In order to retire, you should be building different financial pillars for income and cash reserves during your working years. Investments in stocks/index funds, real estate, personal businesses, gold, crypto, etc., are all individual pillars that create financial stability, and eventually lead to retirement as an option if you choose to do so. The problem we have in the current version of society is that no one gives an F about accumulating these throughout their working life. They just blow through all their income and then some. That’s why people can’t retire. Let’s of course throw in the obvious caveat that some folks fall on hard times through bad luck, bad health, etc., and that is so sad and horrible to think about, and I’d never wish that on someone. They are not the ones I’m talking about here. Most people are just foolish with their money and it is not due to extreme circumstances. We just like living beyond our means and pretending we’re rich, and then blaming others when it inevitably backfires on us. We have a math challenged society that embraces emotional spending instead of overcoming that illness and truly thriving. That can still be achieved in this world despite what appears, to some, as evidence to the contrary.
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  6045. Yes Michael, prices are high and supply low, but reconcile for me this: with all due respect, "Average Joe" as you call him was never supposed to be able to to afford 'Hyman Roth's' house, not then, not now, not ever, that's why Hyman Roth was Hyman Roth, and why "Average Joe" spends his entire life behind the financial eight ball🎱
    14
  6046. The world 🌎 is upside down we need a New Financial system QFS!
    14
  6047. Ive upped my spending quite a bit this year. My income doubled this year due to a promotion and Im currently experiencing lifestyle inflation but still doing great financially
    14
  6048. Like buying things you don't need with money, you don't have!
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  6049. My HOA which includes cable\internet, two pools, trash pick up and clubhouse/gym is $102 a month. That’s the best deal around my area. But honestly I am looking forward to not having an HOA one day it just annoys me that I get a notice my house needs a pressure wash 😂
    14
  6050. Sinkholes are actually my biggest fear when I think of moving to FL 🥶
    14
  6051. Nice comparison! I do prefer the beaches in FL since it's more vibrant with warm waters compared to CA. On the other hand, CA has the best weather too.
    14
  6052. Greed and trying to live the lifestyle of the rich and famous has propelled this nightmare. People tapped into the psychology of people wanting to prove they were relevant and better than the next guy. It has been a mind...well you know! Marketing is a form of mind control and it works! I have a degree in Marketing.
    14
  6053. The builder incentives in the early 90's were very attractive to buyers at that time even with interest rates at 9-10%
    14
  6054. Michael: A lien against the property is not a big obstacle for a scammer because it's very easy to create a satisfaction of lien and have it recorded. A title search would then show the property free & clear, even though there is actually a lien. That's one of the things Matt Cox did when he was running his scams in Tampa and other areas.
    14
  6055. Please make a video on auction properties
    14
  6056. I remember I used to look at houses in Florida and there were very cheap compare to the houses in other states I know. But after Covid houses in Florida are no longer cheap !
    14
  6057. I love the soothing, meditative sound of the ocean that plays nonstop down there. Miami Beach is such a therapeutic experience
    14
  6058. If I sell I would probably buy too and I rather get a lower price on my home for sale and have more inventory to choise from . I have a child in school and 2 dogs so a temporary move to an apartment and another more to a house isnt ideal . Also I think interest rates could go to 9% so I want to pair the sell& buy together.
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  6059. I think this will be interesting to you. We were told by Citizens that in order to cover our property insurance that we needed to up our flood insurance policy for content coverage to $75,000 which raised our flood coverage up to $3200, another additional $1000 for this content coverage. In no way do our contents come to this amount, we figure if we were lucky we would get maybe $10,000 for our stuff.
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  6060. It is going to cause a LOT of pain in negotiations because at the end of the day they are pushing part of the commission on to the buyers. With how overpriced homes are, the interest rates and now add this? You are going to have sellers thinking they are saving money and buyers are going to be take off X of the price or I am moving on. There will be pain in this transition but the good news is this will wash out the bad agents.
    14
  6061. I tried to live in a high-rise on the beach in FL and my anxiety level went up 1000%. Lived on the PH floor and moved out after 6 months. We moved out of state after hurricane Irma. I enjoyed the beautiful beaches but too many sink holes, rising seas, floodings and hurricanes. Adios Amigos!
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  6062. As to your question about a ban on foreign buyers, yes, I think Florida and other states should consider doing this. Back before the internet, in the early 80s, Japans economy was going strong and many Japanese with money were purchasing property in California and Hawaii. Their economy hit a recession about the mid 80s if I recall but many Japanese held onto the property they purchased. We have seen this in NYC and London. I do think this is something our country should consider.
    14
  6063. Nah, gimme the negatives. That's the reality. Best channel around. Thanks, Michael
    14
  6064. I lived in Flagler Beach in the 80s . There are many young people living there . It is a quiet wonderful place to live . It is not a Retire town my no means . What you see is a place where older people from all around feel safe and good about themselves to come and enjoy during the day . Remember Palm Coast . That you are looking at started off with only older people . infact there was not even a school bus that went to Palm Coast for many years . Flagler Beach is an older town . With a wonderful quiet type living style . At night that area your in changes . Then you see all the younger people out .
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  6065. I am covered with KIN insurance. The costs doubled but I added hurricane and flood. The Governor just signed a law that will reverse the roofer/lawyer scams. I imagine that's why Farmers listed hurricanes
    14
  6066. Thank you Michael, for “Speaking Truth to Power.” The average person is craving the TRUTH. Your videos help to empower people with knowledge they may not have the time, nor the know how, nor the ability to access and comprehend themselves. You have taken on a teaching role that is educating the public, so they at least have an opportunity to empower themselves to fight back in this toxic & distorted real estate & general economic “system.” You inform them with key info, to help others have a chance of making informed choices.
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  6067. My philosophy has always been that the plane flight and accomodations have to be reasonably priced before I commit.If you are getting ripped off at either end it is a "no go" for me.
    14
  6068. Looks like I'll be living in a fifth wheel for a few years. I hope everybody is happy now.
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  6069. Seems like nobody makes there house a home anymore.We been living in the same house for 33 years. It was brand new and we have no intention to sell it. We planted all our tree’s in honour of of our grandchildren as the came along. Made a beautiful flower garden. Upgrade to our liking over the years. Could not imagine to sell the place. Live in a wonderful neighborhood with many moving in a the same time.
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  6070. When I worked for Allstate a few years ago, we routinely rejected anyone who lived within 2 miles of the coast because it was policy. So those people had to go to the bigger risk, shady insurance companies. Not surprised by the $1,000 to $4,500 change because the changes once you go from the known companies to the smaller insurance brokers aren't small.
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  6071. The most interesting thing about the US is how people there talk about car payments like it's a normal monthly expense. I didn't even know that financing a car was a thing until i was 25 years old. You saved for it and than you bought what you could afford with your savings. I had never heard of a car payment. Borrowing money is to buy a house.
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  6072. When I bought the house I live in 32 years ago, mortgage interest was 10+% & I still had to work 60-80 hrs a week for years. Things haven't changed all that much 🤔🤷
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  6073. Great point about bank lending. The value of a property is only fully realized when someone buys it. I think a lot of people are going to find out that their properties are way overpriced.
    14
  6074. So glad you pointed out that so many of these Youtubers on here are rejoicing people are moving from New York or California to Florida to get away from increased expenses , taxes etc. then they land in Florida buy an over priced property, and pay through the nose for high property taxes , crazy insurance premiums, very high rents and HOA fees that are becoming uncontrollable. I think you get nailed no matter where you live one way or another quite frankly.
    14
  6075. I was just denied insurance from State Farm in the town of Springerville Arizona. In a risky fire zone. It’s here!!
    14
  6076. Some people (like the government) use to belive that electric vehicles are good for the Environment. When the batterie dies the car ends up thrown away some where in the nature, cause you can't repare it anymore. And that should be good for us and the environment.... I don't think so.
    14
  6077. Michael, isn't it fascinating that when folks have some skin in the game, they vote one way, and when they don't, they vote another way? This is the true source of the economic problem; I guess never to be solved.
    14
  6078. We used Redfin to sell our home in Reno, NV last March. Although we found the experience less personal and never actually met with anyone in person, we were very satisfied with the results. Redfin charged 1% sell side and 2% to the buyers agent, saving us $15k in sales cost
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  6079. there is not one single Good reason to buy a house right now. I dont care if you're renting: don't buy a house when sellers have such an advantage. high prices and high rates results in a toxic purchase
    14
  6080. The work from home thing will suffer just as much in this ression, If not faster.'in the coming Layoff tsunami !...somebody has to say it !
    14
  6081. It does get hot here! Especially with the CHEM TRAILS!
    14
  6082. From California to anywhere in Florida is what I call an upgrade!
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  6083. One of the people I watch in here was talking about churches now being removed from their insurance. They are being dropped because of potential terrorists ( apparently they think that is a big enough threat here in the US). He lives in PA. He said that when the church was able to find someone that would cover them it was double. There is something screwy going on all around. I'm sure this is probably going on in other states as well.
    14
  6084. I agree when you say growth is not the answer. Greed is a terrible thing.
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  6085. I’m 56. I am old enough to be your dad. That’s depressing…..
    14
  6086. couldn't help but notice the trucks parked on the lawns and how there were no garages. I guess for a few million, you don't get much in Florida. SUCKERS.
    14
  6087. Instead of saying “I have to goto work today” I’ve started saying “I get to goto work today” As cliche as it sounds, it works, it’s truly a blessing to have a job in todays climate.
    14
  6088. I agree. 2023 is going to be a blood bath!
    14
  6089. I would never rent anything from an Institutional Investor
    14
  6090. Got a 3.2% rate in 2021. I'm house poor but at least I don't have to pay rising rent.
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  6091. I think it's worth noting that 54% of the current inflation is due to corporate profits and we should all remember that the world economy was virtually shut down resulting in major worldwide supply chain issues and the Russian invasion of Ukraine certainly didn't help gas and food prices. The question is how do we recover not whom do we blame.
    14
  6092. You have to inform the mortgage company of any insurance changes or they can take the house.
    14
  6093. I’m willing to live in a sleepy town in exchange for low crime and safety! It’s a beautiful small town
    14
  6094. I’m in Ohio and I heat with coal. 600 bucks a year I keep my home at 75 degrees . If it’s 30 below np. .. my house is still 75 degrees..
    14
  6095. Let's be honest, mich looks like a great guy
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  6096. I would think the economy is slowing down, but I checked in with my brother, that has a concrete company down in Florida. His business is booming pretty well right now; he’s nearly overwhelmed I’m thinking about asking him for a job. If they economy is hurting They sure order a lot of concrete
    14
  6097. You should also talk about the new "rental" law Diisantis wrote. It's surpassing all other jurisdictions and their laws. Any landlord can break your lease by giving you 60 days notice. He's also removing our minimum wage law we VOTED in.
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  6098. I went into a remote workers house that worked for same company as I did Each time I went she was doing no work She went shopping cooked lunch etc She did about 10% that she did in the office.if I was employer i would not let anyone work out of office,they have programs that move mouse every few minutes to pretend your working
    14
  6099. From Texas and if I wanted to move to a different state, Florida would be my new home tbh
    14
  6100. Great information Michael! Thank You for putting out the truth bombs for the sleepers out there! Keep up the great work!
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  6101. Give and it shall be given to you. Having a decent job is a must. But live your life for God, and not yourself. Give to God's work and help others. Even if you think you cant afford to. Don't expect it to all change overnight. It could take awhile like it did for us. Stay debt free and live within your means. Trust God to take care of all your needs. He will not only do that, but He will make your income go further then it normally would. I'm a witness of this. Been doing this over 40 yrs. Not rich, but no debt, own a nice home. I can say God has supplied everything we need and above our needs. But don't expect to prosper if you don't give to help others and support God's ministry in this world. All glory to God, and I hope the best for all. Put God first, and watch Him take care of you!
    14
  6102. Coffee and intercontinental breakfast A MUST HAVE.
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  6103. I love it when people go out of their way to help others.
    14
  6104. The student loan and debt forgiveness programs are very complicated and can’t be reduced to a “Yes or No” verdict. There’s an amount of unfairness in almost everything that happens to us in life. Way more taxpayer money is spent each year on college students through the Pell Grant program. These are essentially college student federal government scholarship programs based on need and ability that by design have never been required to be paid back, or they’d be loans. I don’t know of anyone who’s ever complained about the Pell Grant program, yet it’s far more expensive😮 to all taxpayers than the student debt forgiveness program will be. I certainly haven’t, because I think the Pell Grant is an excellent program. If we’re going to be contributing members of our US democratic society, we must accept that some of our taxpayer money will help others as well as ourselves. Otherwise,we’d be living in an anarchy.
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  6105. We’re at the point that cutting back on discretionary spending isn’t enough.
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  6106. Another beautiful video, Michael! It is easier to do this when you're younger but also when you're older! I'm recently retired from a 45+ year teaching career and am now freed up to live what I hope will be a new life of adventure -- traveling, vlogging, and reviving my writing career, which has had to take a back seat until now. Keep up the great work. You are an inspiration to me and to many others, I'm sure!
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  6107. I'm really getting into your videos Michael and find them inspirational. Sorry I'm commenting so much I don't want to be a pain in the ass LOL. But it just resonates with me. Before I moved to Florida at age 34, I was much more introverted. Not in great shape and really kind of shy and not remotely a risk-taker. I'm not George Clooney, LOL, but I was definitely not even close to good looking, and I had had a very very rough childhood that kind of crippled me, but when I moved to Florida I was really motivated to change my appearance and got to the point where I liked what I saw in the mirror. Arrogance is not a good thing but confidence and loving yourself definitely is. When I moved here, the sunshine and palm trees and just the atmosphere opened me up. I ended up owning two breakfast and lunch restaurants, got in really good shape, started songwriting and recording and got five songs published, started writing on a regular basis, started drawing, I just really opened up and became a different person. I believe moving in general can kick-start people into a new life, but the tropical atmosphere really does it for me. I always encourage people, if you don't like where you're living, change it and get the hell out if you can! Best thing that I ever did. Stay healthy. ;-)
    14
  6108. That's crazy to pay $ 8000 a month
    14
  6109. Really appreciate our host for these segments. For most persons, our home is our greatest asset
    14
  6110. I've got some PTSD from this and I live n the Midwest! It's just so jarring. We are not used to this happening in the US. I guess I'll calm down with time.
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  6111. Happy Monday Lizzy and Michael, hope you are enjoying your trip. Yes, we really need Inventory. Wages don't match the cost of a home. Another Great Video, Thank You Michael.
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  6112. My in-laws live in St. Augustine, actually St. John Co. Beautiful spot, but that area is exploding. These mega developments are taking over and traffic is going to be awful, already is. Downtown St. Augustine is the best, we got engaged on Vilano beach (profile pic lol). We’re buying a house off her parents in Melbourne and moving later this year from OK/TX. The space coast is really attractive these days, I got lucky with this house. Family around the Tampa area, they all love it! Orlando is tough unless you’re in the hospitality industry
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  6113. My brother-in-law is in commercial real estate in Atlanta, but they have buildings in Miami too. According to my sister (his wife), things are tough in that industry these days! We all know it, but when you hear it from a loved one, it hits harder.
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  6114. Don’t forget, during pandemic, a lot of people were working 2 full time, remote jobs (while still only working 40 hrs a week), so I think that helped a lot people keep money in the bank.
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  6115. It is interesting to hear the crazy home prices around the Miami area, but since I'm not sure if I could afford even a weekend in Miami, would love to hear about more affordable areas in Florida, for example Volusia, Pasco, Citrus, Hernando, Manatee Countries, etc. You touched on some of those in yesterday's video. Thanks Michael, I never miss a video!
    14
  6116. Let’s provide housing for Americans first before we allow foreign enemies to buy property.
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  6117. Hey Michael. I keep sending you my apartment complex price drops. Today, they lowered the 3/2s by $300 and $400 per month. Down from a Firm $1,999.00 Lakeland.
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  6118. I bought my 1965 10x46 mobile home in 1985 for $13k with rent/utilities now at $1k/month. My neighbor said his 1985 manufactured home is valued at $160k. He is putting a new roof on it and will sell it soon. I was told by a manufactured home flipper I could sell for $100k. Just east of San Diego.
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  6119. Thank you for being a voice of reason!
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  6120. The problem I can't get past is the job / cost of living situation. The layoffs are insane, the raises nil, and the cost of living is going up. Who is realistically thinking of buying an over priced house right now?
    14
  6121. That agent set up her client for complete failure
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  6122. I sold my house in Lauderhill because of tax, home insurance and flood insurance issues I hate looking for a new insurance coverage every single year. I’m in central Florida now living stress free.
    14
  6123. Can you call the government and tell them to stop spending. The government interest payment is out of control.
    14
  6124. The thing that is in serious decline in the typical household is DISCRETIONARY income. There is less and less meat left on the bone after paying taxes and your fixed expenses every month. God help you if you also have credit card debt and/or student loans. Our household income is about $120k, living in southern California, and I feel we have less money to go out dinner, see a show or take vacations than 10-20 years ago. We also drive older cars now. The only silver lining is out home value has doubled since 2015, but it just makes us another 'house poor' California couple.
    14
  6125. Michael, I always appreciate your financial insight, experience, and financial opinions/views! They’re spot on! I’ve been watching you when you first started- it’s amazing seeing your growth! 🙌🏻
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  6126. The $25 two-hour beach parking (& lack of facilities) is to discourage non-residents from visiting. Reduces outsiders from coming to town, reduces traffic, and effectively creates a private beach the (wealthy) local residents. The high-cost parking is a feature not a bug.
    14
  6127. You simply cannot retire comfortably at any economic level if you have debt. If you are debt-free, do everything you can to stay that way.
    14
  6128. never buy a condo has always been my rule or HOA
    14
  6129. As a former California resident, it is so sad to see the tragic Homeless problem has extended to Denver.
    14
  6130. I guess its about time to stop selling the benefits of no state income tax,
    14
  6131. 30 % more
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  6132. I want to buy a house and I can buy, but won’t until prices adjust from mass foreclosures from layoffs. Americans are spread thin and when they lose their job and AI reduces jobs available. There will be a glut of homes which will drop prices significantly. Then I will buy.
    14
  6133. I’m amazed that so many people are shopping and spending! Yikes ..
    14
  6134. Hi Michael been watching your videos for a few months now and I want to say that you do a great job and keep them coming and wish you the best in the west coast
    14
  6135. I'm doing fine financially but it hurts due to the inflation that has more than doubled since Biden. I know several people that are hurting really bad financially due to Bidenomics. I've cut off all extra spending like going out to eat and travel. I knew that things were going to get expensive when toilet paper became hard to get so I really haven't spent any extra money since that point.
    14
  6136. I like the higher rates, should be higher - 30% as much as these thieving banks charge people on credit cards, and no more bailouts for banks if they go under, reward those who have been fiscally responsible not getting into needless debt
    14
  6137. Recession already started. Here in the Bay Area the Tech and VC market has come to a screeching halt. People have no idea how hard this is about to crash RE. dotcom bust 2.0 is already underway our company is trimming 10% starting July 1. 100s of small/mid tech will do the same
    14
  6138. The same thing happened to me a few years ago, Michael. So, now, I never escrow. I pay my insurance and property taxes myself.
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  6139. My Lakeland 2/2 went up $625 in the past two years. Most recent was $500. My apt complex has 352 units…all up $500 a month. That’s an ADDITIONAL $176,000.00 on top of what they already make…each month! That’s over 2.1 Million EXTRA PER YEAR! Unjustifiable IMO. Been here since 2009. Usual increase 30-40$ a month. Never thought it could and would jump so much. Now, I see three 2/2’s on their website that have not rented in over four months…🙏 These people will not do a lease longer than a year. The REASON they justify these high rents…”WELL, WE FIGURE MOST PEOPLE HAVE MORE THAN ONE WAGE EARNER.” Plus, there is a new trend called pad split or pod living, where these landlords turn a house into 12 renters in little screened/boxed off areas…to get outrageous rents. THIS has to be OUTLAWED, or we will be adults living DORM LIFE INTO OUR GOLDEN YEARS.
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  6140. The major driving force for increasing insurance rates in Colorado Springs is hail damage.
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  6141. Have no desire to ever live in a condo. I would expect for a while the values are going to tank. At least anyone who can connect the dotes can see a condo is not a safe investment. Financially or actually your life. Besides this building two additional in the Miami had to be evacuated.
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  6142. I’m wishing everyone in Florida a speedy recovery from this nightmare. We lived in California when my parents lost their house in the 1991 Oakland fire. Insurance and rebuilding was a nightmare. We had to take our claim up to state insurance commission, after several lawsuits. Finally we did get paid. Then came price gouging and shoddy construction work. In my current house in Oregon, we may not be able to get Fire insurance due to our Zip code being reclassified as Extreme Fire danger.
    14
  6143. It used to be that CA and FL were easily the two best states to live in! It’s becoming not even worth it! Gov had to screw with them. I should buy an RV and live in it while I rent out another VRBO
    14
  6144. Son these neighborhoods got meth houses on every corner
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  6145. for those of you that have been through the 2009 recession you're supposed to have a emergency fund to last you at minimum 12-18 months.
    14
  6146. The greed over there is unreal. What planet do some of these "landlords" live on?
    14
  6147. Any "starter homes" get snatched up by investors for rentals. Put laws that prevent that and things will be more affordable. I recently bought a home and it was bigger than what I wanted as smaller homes were not available
    14
  6148. Hello from Russia. We have snow several days along.
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  6149. Those " people that don't want to hear it " are going to be the first lemmings off the cliff
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  6150. $2000 a year? Not as bad as I thought for Florida. I thought it is like $5k to $10k
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  6151. Shouldn't it be supply and demand. If there are so many agents why pay 5-6% commission. I'm sure someone would still do it for 2-4%. Houses are so expensive now that even a small percentage is decent money. I agree prices won't come down due to less commission. Can use the savings for more inspections and repairs tho. Which is a plus for everyone.
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  6152. Love the videos! Great content great entertainment, look forward to them each day
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  6153. Yes. A ban should be put in place. This should never had been legal in the first place.
    14
  6154. So many houses in Oakland are for sale right now that are much much lower prices than 2020. People are selling their homes at losses.
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  6155. Wow Michael. You’ve hit 300k subscribers! Congrats!!!
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  6156. Congratulations on all your success @MichaelBordenaro ! I've been following you a while and enjoying the ride, happy to see you keep on thriving! Fun to hear you speak about the economy, car markets etc... and not only houses. looks like you're on track for 200K subs this year, i'll be here to see it!
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  6157. You too can live in this crappy little house for $1M...😂
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  6158. 100% agree selling a home to a family that needs it as opposed to an investor. I believe what comes around goes around and greed will bite you.
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  6159. A burnt house for 1.2mill? I’m sad I didn’t know about this fire sale earlier Michael, would have loved to have been neighbors lol 😝 👍🏽👍🏽
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  6160. Memphis 'rough'?? LOL Major understatement!
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  6161. I totally agree with Michael on having separate bank accounts for savings and checkings, or just two checking accounts. If you only have one bank account and that bank has a clerical error or suspects you of fraud, you'd be SOL until that situation is resolved. I also recommend having emergency savings in cash as well. Although if you are easily tempted, store it as gold or a foreign currency so it's not as easy to use.
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  6162. About time!!!!!
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  6163. You may have been "qualified" for your mortgage a year ago, but with inflation, rampant insurance and property tax increases (and possibly being laid off) - you may no longer be technically "qualified" for that mortgage anymore. And let's not talk about all the 95/5 or 90/10 loans made on overinflated properties that cannot be sold once this all comes home to roost because inventory has risen, prices have dropped and you're sitting on significant negative equity. Been there, done that.
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  6164. I ended up moving to Asia instead of moving to Florida. California went from 500k for an area with few break-ins and a couple tents around the area to 800k and up. Florida went from 300k to 500k and up. Just like St Augustine. When I went there to scope out the market in 2020 I was in a queue to view a home and offers were put in that day above market value. In Costa Rica, a condo on the beach without a view of the ocean went from 80k a door, to 200k a door. Before all of this, I could buy a 2 bedroom contemporary condo out there for 120k on a beach that is basically California's Venice beach. That same home is selling for 300k today. On the nice beaches, you will not find a 2 bedroom like that for under 400k. In Thailand, you can buy a nice 2-bedroom condo for 150 to 200k at the moment in the center of Bangkok. Pre-pandemic these same condos were 100k. Vietnam is almost the same. The home I was renting in L.A was a 4-bedroom, 1,800 sqft, and 2,350 a month. The landlord never changed the price because I took care of the place. The moment I moved out He raised the rent to 4k a month. I moved to this place while in college and stayed for 7 years. At that time all I was thinking was the price per room is 500 plus utilities. That can be done. Imagine moving into the place now knowing you will pay around 1k a month for a regular bedroom. I've been following you before you were even monetized man. Good to see you kept going and are making something of the youtube grind.
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  6165. Very informative. I think people have unrealistic ideas about how much money they can make on their homes. If you buy a house for $300,000 and sell it ten years later for $600,000, is your profit $300,000? NO. You have to take that "profit" and subtract the amount of money you still owe on the home plus all the interest you paid on the loan plus all the property taxes and insurance you paid plus the cost of all the repairs you had to make plus sprucing-up-for-the-sale costs plus the commission you have to pay to the real estate agent plus closing costs. AH, but we're not done! You also have to factor in inflation. The dollars you receive in profit are worth less than they were ten years earlier. Let's say you originally made a standard 20% down payment of $60,000 for the home and got a loan at 4% interest. For the first ten years of your mortgage payments, more of your payment will be for interest than for principal. So, out of the $260,000 loan, you'll still owe $200,000 when you sell the home for $600,000. So, now you have $400,000, which is only $100,000 more than the original cost of the home. Your "100%" profit is really only a 33% profit. If the agent's commission on the sale is 5%, then you can subtract another $30,000, which brings your "profit" down to $70,000. Let's say you spruced up the home and spent additional money on basic maintenance and repairs. Subtract another $40,000. Now your "profit" is only $30,000. How about the insurance you paid on the home? In Florida, that can be $4,000 a year. Subtract another $40,000. Now your profit is gone, and you've moved into the loss territory: negative $10,000. But we're not done! Property taxes. I understand they're high in Florida -- 2% maybe? For a $300,000 home, they started out at $6,000 a year and then went up as the home appreciated (in California, they limit the increase, but I don't think they do in Florida). So, we're talking a MINIMUM of $60,000 paid over ten years and probably more. Now your loss is at least $70,000. To be fair, I'll reduce this loss by the amount of rent you would have had to pay if you had not bought the home. Let's say $30,000 a year times ten years: $300,000. Your net profit comes out to $230,000. Now we can factor in inflation, which runs about 3% a year. Over 10 years, that's 30%. Your net profit is $161,000 AT MOST. Not bad, but it ain't $300,000. Another thing to consider. If you refinance, they start the 30-year clock ticking all over again. I didn't realize this when I was advised to refinance. I was already ten years into paying off a 30-year mortgage. When I refinanced to lower my interest rate, I thought I was refinancing the SAME mortgage at a lower rate, and I would be able to pay it off in 20 years. But no, what I got was a DIFFERENT mortage that would last 30 years. So, instead of the bank getting 30 years in interest payments, they were going to get 40 years. No wonder banks love to refinance! Moral of story: If it sounds too good to be true, it is.
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  6166. Glad you are enjoying yourself in sunny CA. Always a pleasure watching your channel and hearing your opinion. Overall, I think the best thing to do, is do your own research and figure out what works for you and your family. At the end of the day everyone situation is completely different. For me I purchased back in 2019 with the mindset of staying for the long run. Glad I jumped in when I did. I couldn’t afford my place today at the current market rate. SF Bay Area (North Bay Area) 2.9% rate. I’m happy. Sending good vibes form SF Bay Area. Safe travels.
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  6167. ... June 26 2021 Blessings Everyone ...
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  6168. Interest rates arent coming down. She's in for a shock. Jerome Powell is doing a Paul Volker and will keep doing it until Inflation is Gone! Go Jerome!
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  6169. Here in Nevada county CA any home within the 300k range is absolutely flying off the market. I watched houses sit for a year plus, only to be bought in the last few weeks to a month. Everything from a complete fixer that’s over priced, to manufactured homes. There has been a huge jump in buying. As a young person trying to find something within reason. It’s very hard. Good luck everybody
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  6170. I would love to see a video like this of "studio rentals" in miami beach, I think many people will watch that one considering the economic times ahead...
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  6171. Mortgage is a French word It means slow death.
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  6172. One final straw for me to sell my home at the time was the HOA threatening to fine me for a few wild onions growing from my flower bed. This was 2008-2009. I learned that this was the HOA from hell managing several neighborhoods. My current neighborhood is a self managed HOA and is very patient and flexible with all 20 neighbors. I would say stay away from any large HOA’s managed by third parties. They are money grubbers.
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  6173. Thanks, Michael! My HOA got an increase that gave the delusional women on the board pause. They obviously don’t watch your channel. They’re opening negotiations with the insurance companies.
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  6174. if you pay your mortgage off then you don't need homeowners insurance in FL so retirees on a tight budget can save a lot of money if they own their home and don't mind the risk. btw, happy bday. 🎂
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  6175. Great video! I also believe social media is to blame for promoting these images and people’s fraudulent lifestyles.
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  6176. Thank you Michael for always keeping your viewers up on the latest updates regarding Real Estate. Blessings, Carlos ✝️🙏❤️😊🇺🇸 Please tell Lisi that she is missed 😢😊.
    14
  6177. USA manufacturers have stopped building simple, reliable cars. These new cars of today are also poor choices for used car purchases because they are too complex and expensive to repair. Bad, bad.
    14
  6178. We may leave our home in Southwest Florida, because the people from the East Coast have learned how to make a right off of 95 and it has changed the whole Midwestern laid-back vibe. I feel sorry for the southern states such North/South Carolina, Tennessee, Georgia, etc. Who are used to kind southern hospitality and are now being invaded by the half-backs. Can’t wait till they start complaining that southern people don’t know how to make biscuits and gravy like they do in New Jersey.
    14
  6179. I saw that story about the condo. Seems it could add up $5k monthly for some owner’s costs. That’s on top of their mortgage. Truly unbelievable!
    14
  6180. “not saying you wanna eat any of this crap 💩”….lol…good one Michael 😂
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  6181. The govt mandated moratoriums are so wrong on many levels. It is like telling businesses that they need to give away their products for free to anyone that wants the products. This is insane.
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  6182. My dad lives in Northport, Venice is very close. I love all of that area 😊
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  6183. I lived in New York with my wife. Her mother was living in an apartment down the street. We couldn't afford a house to hold us all in NYC. Eventually we moved to Connecticut. A home like what we got wouldve cost us a million or more. My wife and I still commute to NY for work. It's about an hour and a half... and I feel it. That's the next thing to find work out there. Personally I wish I could've moved to Florida... maybe one day.
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  6184. Speaking as someone who works in tech...but not top flight tech, I can say there are plenty of 80k-150k tech jobs available if you have the skills and a little experience (3-5 years). The jobs that are being lost are at the "elite" Wall Street star tech firms that were paying 200k and up with stock options, free lunches and lots of other perks. Those are probably less than 5% of the whole industry. Those displaced workers are getting a serious reality check right now but so far it's only a small, highly visible part of the industry.
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  6185. Michael, every OPENDOOR (Black Rock) property in California that I see listed today are a minimum of 50k-100k lower than they purchased in March-June. Underwater on 100% of there portfolio
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  6186. So many people paid over appraisal and over asking price on homes that need tons of work! That is not an investment that’s a black hole for your money. I almost did it myself. I would be completely broke right now. Instead I have a ton of savings and I’m only going to buy when it’s truly an investment.
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  6187. I’m fortunate that I own a small condo in West Palm Beach. I was lucky that as soon as I left the military in 08 the housing market crashed. I get disability from the military and I have a nice job fixing broken machines for a construction company. I hate that people have to struggle so hard just to be able to buy a home.
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  6188. I think we are in a Rent BUBBLE that is going to burst due to affordability. Current inflation and the hight cost of living are a perfect recipe for evictions in coming months. My landlord increased our rent here in Miami/Doral area 40%. From $3,200 to $4,500.
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  6189. Being a landlord is a huge pain in the ass...I had a condo that I rented out to people and this couple just decided to stop paying rent...long story short I ended up having to hire a management company to get them thrown out which took about 6 months to do... so if you want to save yourself some headaches get yourself a management company...I know paying 6 or 8 percent seems like alot but it's worth it believe me!
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  6190. People need some education on interest rates. The 1% down is so low I’m not even going to include this in the calculation. A 400k house with 20% down becomes financed at 320k. The 80k you don’t put down at 7.5% becomes 6k a year or $500.00 a month. So yes there is amortization to consider but the basic math comes out to by not putting 20% down the interest is going to cost you 180k over the life of a 30 year loan. A much better situation would be to put the 20% down and finance the purchase for 20 years and throw the $500 per month extra that you would have paid on 30 years and call it a day. Just with the principal a 20 year loan would be $880 per month throw the $500 bucks extra a month at it for $1,333 and there is the extra money you would have paid in the $180k in interest by only putting 1% down. Live within your means rule #1
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  6191. Real estate market here in Phoenix is soo quiet and dead still. Soon we will hear the screams of realtors and mortgage brokers jumping off a 10 story building....no money no honey!! Timmy C Arizona
    14
  6192. I’m kind of embarrassed about this, but back in 2008 my cousin was a loan officer in Elizabeth NJ. The company she worked for was giving mortgage loans with no money down. Why is that embarrassing? You had to be in America ILLEGALLY. I’m not FKN exaggerating. I can almost guarantee you that what you just said, is BO-2.0… to give the millions coming through as we speak. In 2023 or 2024, you bet your ASS-sets that this president will layout 1.2 trillion dollars to bailout the banks, BO-2.0 style.
    14
  6193. My main concern of going without HO ins is lack of general liability coverage. Can't get an umbrella policy without an underlying general policy.
    14
  6194. House prices are going up nationwide due to low inventory (used and new) and people moving out of the large cities.
    14
  6195. Aint parting with my 2.875 30 year fixed that we overpay on ever since our first payment was due
    14
  6196. Only ones that win in class actions are the winning parties attorneys. Nobody else will get much of anything Pennies
    14
  6197. Thank you Michael for doing these videos. Helpful.
    14
  6198. By the way, I still have “125 78th Ave NE, Saint Petersburg, FL” on watch. Been on the market for months with price drop after price drop and still no takers. It’s safe to say the bubble has burst!
    14
  6199. California is insane, just got word today that all businesses even essential like grocery stores closed down again. Looking forward to moving to FL this spring. Over CA and the fact that rents still rise during these times.
    14
  6200. Pricing/Rates have jumped considerably the last 2 weeks. We’re up 47bps on the 10yr, its at 3.80 today! No way are we heading for a robust 2023 housing market. The stock market will correct further as well, likely in the 2nd half. Not saying there’s going to be some sort of biblical crash, however I would tell my clients to stay cautious.
    14
  6201. Someone has to pay for the college education for those who chose to go party away from their parents. And pay for the blackmails. Thank you for sharing.
    14
  6202. Don’t ever buy a property without an inspection. This could save you money in the future and you have more negotiating power!
    14
  6203. Seems like a lot of this is happening in the Southwest (like Vegas) but we don't see it here on the East coast yet. Houses are going under contract quickly. I'm guessing it's pent up demand. Million dollar homes are slow movers but fixer-uppers and 200-300K homes disappear overnight.
    14
  6204. On Interstate 15 from California to Las Vegas, Caltrans can't even keep the rest areas (bathrooms) open and we're suppose to have car charging stations every 50 miles?
    14
  6205. No price drops, foreclosures or short sales here in the San Francisco Bay Area. I will keep waiting patiently before purchasing my first home while sipping my tea and eating my 🍿. MB: Levi’s based in SF, CA is laying off 2,800 workers and will spend $170 million to keep its name on the 49ers stadium in Santa Clara until 2046. 👀
    14
  6206. I don’t advise anyone to buy an overpriced house or apartment,the crash is coming even for those people moving now here with cash it’s not gonna be good when they can’t find those good paying jobs,Florida is better than Cali or NY in taxes but the economy is way behind,it would only take a market crash and hurricanes for all those folks working online start thinking about moving up north again
    14
  6207. One family member I know is in his mid 40s, and his mom makes sure his $700 car payment is paid (it's under her credit too), by paying it herself, and he pays her back "when he can". I know of another that after every break up (he's also in his 40s) - he goes back to his mom's house, and goes on Plenty of Fish and finds his next victim in 90 days or less. Usually a woman in Section 8 housing. When they get tired of him, they give them the boot, and it's back to Mom's. I haven't taken any money or been back home since age 17 - and I am their age (early 40s). Lost generations.
    14
  6208. Out yesterday Saturday and Holy Guacamole!!! Costco jammed to the rafters, Mall was completely Full, hit Tx Roadhouse and 2 hr wait. Im convinced people are LOADED w $$$. Carts was overflowin, ribeyes coming off grill faster than cook could sling them at $32.99 a pop. SPEECHLESS👉🏻🇺🇸🇺🇸
    14
  6209. Owning a condo or anything with a HOA (or like charge) is not much better than owning a Time Share. It’s only now the full cost is being noticed/understood.
    14
  6210. America is nuts in the way it calculates property taxes: everywhere else in the world, the amount paid in property taxes does not depend on if it has been sold and bought - but on a band for that type of house. Everyone pays the same depending on what it is worth now, not what it was 50 years ago.
    14
  6211. I work from home and absolutely it. Even got rid of my vehicle and save a ton for a year. Was boring but saved for a new car and been better off for it. I’ll work here forever as long as they never lay us off. I also make sure to watch employee reports and been hitting top numbers in my department. My own personal belief to ensure job security. I win nothing else from performing above others but I for sure dont want to go back to a normal job!
    14
  6212. Our young are our future. But dont forget migration. The immigrants will do the work that needs to be done and they will build wealth. In USA, I see a future of immigrant families growing and local population decreasing.
    14
  6213. Rent is to damn high👍! Keep telling the truth! This has nothing to do with negativity but everything regarding the truth. Times are going to be very difficult & praying for all of our futures! Thank You MB for all you do!❤❤❤❤
    14
  6214. It is not just tax and insurance that can rise, houses and the support equipment goes south all the time. What if your AC goes out? How about needing a new roof? Hot water heaters, refrigerators, washers, dryers, plumbing, electrical, it just goes on and on. Got a piggy bank to pay for those things. You can plan on a major expense at least once a year. Then there is yard maintenance, etc. Personally I own my home. A large Travel Trailer pulled by a Ram Diesel Pickup. I travel full time. My trailer is much nicer than any one bedroom apartment I could rent. Customized by me for me. My rent can be as low as $300 per month or as high as it is this winter since I wanted to visit my best friend, $625 a month. If I chose, I have a travel membership which can make my rent less than $50 a month, but I have to move every three weeks. I have a lot in Michigan for the summers. Cost me $1200 a year. My biggest single expense is Federal Income Tax, Dadgum gubmint LOL. I see many families now that use an RV as a home.
    14
  6215. I'm not a famous YouTuber, but I may be next if you keep pushing out these videos. LOL
    14
  6216. I went through this in 2008. Tried to buy a house that had been foreclosed on and sat empty for years. Banks wouldn’t even respond to my inquiries. They had investors even then that were the only entities they would deal with. I’m sick of supporting this crap with my tax dollar s!
    14
  6217. These Home Flippers change their Deals more often than some people their underwear 😅
    14
  6218. we went from no one cared 12 months ago to now everyone's scared
    14
  6219. I worked a contract job in Richmond about 25 years ago, near I-80. Brutal area then and I'm pretty sure that most of Richmond is still that way. It's like a different world just a few miles away.
    14
  6220. Spread the word. You are so right on with your message. This is like the 80's. Interesting rates were like 15% and many baloon loans were be used to get you in the market. Everything you are warning about happened.
    14
  6221. Years ago I bought a few fixer uppers and at that time it was a worthy endeavor since these homes were around 85K. I fixed each one up over the years and made money selling them (i did it 3 times: Idaho, Missouri and Texas). I fear those days are long over sadly! Also, now that there are far few skilled workers, if I had a home I would be struggling to find people to do plumbing and electrical.
    14
  6222. After seeing what happened to your monthly costs, renting is sounding better
    14
  6223. I sure alot of that Stole money ended up in South Floridaaaa.
    14
  6224. There’s open door properties that have been sitting on the market in Austin for 5.5 months. They are horribly virtually staged, minimal price cuts. It’s like they don’t care to sell them.. they are just sitting there.. like what?!
    14
  6225. It's true I am stuck with a 3% golden handcuff but fortunately I love my house. The relatively high interest rates are definitely messing with the markets but the supply/demand balance has not really shifted and people are going to spend what they have to in order to get into a house. Repo's are a reflection of people that overspent their means and not really a shortage of buyers. Houses in NorCal still sell in days. Like you said Bordenara, there are always cycles and while things did go down they will inevitably go back up.There is shortage of houses and that bakes-in the demand.
    14
  6226. I feel like a buying opportunity won’t present itself for another year or two. So rent for two years and wait? Hard pill to swallow
    14
  6227. I still don’t understand the words „leaving Florida“ 😂😂😂
    14
  6228. To answer your question, robbery is when you take something from a person using force or fear. Burglary is when you enter a structure or locked car with the intent to commit a crime. When people say their house got robbed or their car got robbed they are using incorrect terminology
    14
  6229. My preferences are the spring and fall. The in between seasons.
    14
  6230. My duration for checking out real estate websites is now lower than 1 minute now. Prices more than doubled compared to end of 2019 in my region.
    14
  6231. There’s a lot of deception to wade through life. Seeing is believing.
    14
  6232. That’s so insane. I wouldn’t even want that house. Let alone for $600k! I’ll take my new build for $350k in Texas lol.
    14
  6233. She spoke like a true agent. Rates have to go down, doesn't mention price.😂 Give me price cuts with 8% ill show ya
    14
  6234. I agree with you 100% about HELOC's. I just recently talked a friend of mine in Sarasota, out of getting a HELOC for a new roof on her house. She was hell bound on getting one. I reminded her that she could withdraw 25K out of her investments to pay for it, and not put a lien on her fully paid for 800K house. Thank God she listened to me, and took 25K out of her 200K investment account. I told her she does not need a bank to own part of her house. She is 77 years old, and should not worry about using some of her 200K investment account.
    14
  6235. Thank you to our host for this beautiful out-door walk-around segment. Consumers cannot keep up and once we fall behind, good luck
    14
  6236. With so many landlords, the cost of rent should go down since they are competing with tenants. Then the price of rent will be too low to pay the mortgage payment, the owner will have no choice but to sell. Rate my prediction.
    14
  6237. Reality rules. Doesn’t matter what you think. Argue with reality and you lose … every time.
    14
  6238. Mike, keep up the good work. You give good info and good reports.
    14
  6239. In Maryland Montgomery county too the condo fees have increased by $110-130/month( lower one for 1 BR). So, 1BR is now 700+ condo fee and humongous fees for 3BR. People plan to move but in today's world no place is affordable.
    14
  6240. Cathie Wood has lost ~70% of investor money in the past year. She's the last person I would take financial advice from.
    14
  6241. The price of everything being up is also in large part corporate “greed-flation.”
    14
  6242. As someone who works in large scale commercial construction like this, it's my personal belief that there's going to be A LOT more situations like this in the upcoming years. The quality of designs and construction is in a very questionable state. Buildings are being pumped out in record speed to cash in on the easy money and the housing boom.
    14
  6243. I agree that it should be illegal but unfortunately our government is part of this controlled demolition. Thanks for your great content. Love this channel.
    14
  6244. My wife and I are planning to try and buy a home in September/October. We are humble and hopeful for the inflated prices to go down, as we just want an affordable starter home that is nice enough to raise a family. We want a 3b 2b with a minimum 1300 sq ft. Many houses on the market in our price range are frankly pretty crummy that I would be embarrassed to give my wife as a home. We are prepared to offer what we consider a lot of money for the right house, but not for something that is grossly overpriced and low quality. Who knows what the optimal timeframe will be for everything to play out. I'm hoping in three months we'll see a lot more house for sale to consider. In the Houston area here.
    14
  6245. I’m so grateful you didn’t name my town....no vacancies anyhow!
    14
  6246. Is it just me, or are people going NUTS with holiday decor this year? Not only are people snapping up the stock like mad, there just seems to be a lot MORE decor in total. Stores like At Home and Walmart are offering aisles and aisles and AISLES of garlands, stockings, signs, knick-knacks, all manner of inflatables, and trees, in multiple color themes: Grinch, Skellington, pickup-truck, dark blue, all-silver, all-gold, pale beachy aqua, even a Christmas tree with branches in Barbie Pink. My goodness.
    14
  6247. A extended stay would be much better than having a apartment. As you said, apartments are not your forever home. So, why not stay at extended stay or something 🤔 It's cheaper because you won't have to worry about deposit and all other weird fees apartments come up with. No light bills, no water rates. Way better option than renting in my opinion.
    14
  6248. I understand you, I went through that too but twice what you say. I live in Puerto Rico and go through Hurricane Irma category 3 and two weeks later I go through Hurricane Maria category 5, the strongest category in hurricanes. It was like an atomic bomb falling in the country. Seven months !, without electricity, gas, and water in some cases. What an experience! We will never forget that time.
    14
  6249. We need one-one-one with Jerome Powell, Michael. Invite him to South Florida and y'all make a video while walking down Miami.
    14
  6250. Congrats on reaching 300K! I’ve been following you for a long time now and try to tune in every day. Keep up the great work!
    14
  6251. The east coast the water is more pure because of the tide of the Atlantic
    14
  6252. Highest interest rates? My first mortgage rate was 13% in 1985, yes houses were much more affordable!
    14
  6253. The Fed “will not” be able to bring the inflation to 2%. It is impossible! There are two options for them, 1- crash the U.S economy completely by keep raising the rates (which they are not going to do) and 2- Pivot and start printing money again (Quantitive reasoning).
    14
  6254. Borrowed money spending! Wont last forever....
    14
  6255. 1/2 hour to 45 minute drive to st Augustine without traffic is not as far as you think for a Northerner. After seeing your video I would consider moving to the Palm Coast. It sounds so quiet. I like quiet. I like quiet with a 45 min drive to St. Augustine sounds perfect for me. From Fairfield CT.
    14
  6256. Cars have been junk for years,prices always up! Folks are done!
    14
  6257. Always loving your content and yes Florida doesn’t need any haters especially the ones who don’t live there. My family and I will be visiting Florida in a few months because we want to get the feel of the area we want to live in. We’re taking your advice on that note.
    14
  6258. $50,000 per month for rent and $240,000 yearly property taxes for that owner? I can’t believe this is real! Most people on planet earth can’t afford no where near those numbers 👹👹👹👹👹👹👹👹👹👹👹👹
    14
  6259. What city in florida do you recommend living in the most for families, safety, and job opportunities? :)
    14
  6260. Rented for 2 years, just bought a condo. I’m not paying someones mortgage anymore, for someone who doesnt fix anything, just gives me a roof over my head. Can use it as a rental property later on. Im 26
    14
  6261. I'm waiting for single family home price cuts in Las Vegas and Phoenix. It hasn't happened yet.
    14
  6262. My dream. To be able to live in one of those buildings.
    14
  6263. So if a Landlord lets it go back to the Bank then the Bank cannot evict either?
    14
  6264. Thanks, Michael for speaking the truth! Stay safe because speaking up nowadays can be a very scary thing. God bless you and your family too.
    14
  6265. I wish this man had been around in 2006. He would have saved me THOUSANDS and a certain measure of pain! I pprobably would have been too dumb and immature to listen, though. !
    14
  6266. Best day ever, Michael and Travis together!!
    14
  6267. They have to be lying. No way many people have much savings, if any at all.
    14
  6268. I had an HOA try to fine my landlord for me speeding above the 10 mph signs they have posted. WA state has a specific law stating that no place can impose speeding fines at all unless they go to the city and get it approved and the minimum is 25mph so I showed it to them and they did nothing, then threatened to sue them for defamation with my landlord and they dropped it immediately. Lmao they can get bent.
    14
  6269. I’ve been playing the waiting game. Seeing good new construction homes dropping 50k + or more. Patience will pay off
    14
  6270. IMO. Home prices may drop 25-30% in 1-2yrs. Meanwhile Fed says they have no plan to reverse rates. And they may even raise rates more. So instead of $1M today @ 7% you may buy same home for $700k @ 10% in 2024.
    14
  6271. One difference between 2008 and now is monetary inflation. At the macro level the USD is beginning to lose its global reserve currency status, and less global demand for USD means higher inflation. None of this is certain, but that seems to be the trend as the Ukraine war pushes the BRICS nations into a stronger coalition and those nations begin to transact in currencies other than the USD. And if you think "house prices can't possibly go any higher"--well, they certainly can. That doesn't mean home values will increase, but the nominal dollar values can increase to infinity due to monetary inflation. True hyperinflation in the US is unlikely, but when you go to the grocery store and many things are twice what they were three years ago, that is what has happened in the real estate market, and it can continue to happen as generalized inflation pushes the price of everything (as well as wages) up together.
    14
  6272. THANK YOU for LOUDLY saying a place was flipped, how much it is ACTUALLY worth, and "Yeah-good LUCK with THAT, guys!" Rrrrrright as flipper walks in it- haha!🤣
    14
  6273. The sad thing is Michael is that gold and silver have been manipulated in the markets because of big bank CEO’s. So even though the Fed cannot print gold and silver, you better believe that it is definitely being manipulated with price!
    14
  6274. I agree, good insights.. especially when you live in a place you enjoy like Florida and you have a life that you enjoy.. for most people a vacation is just to get away from their life that they are not that happy with
    14
  6275. The FED will pivot AFTER they break the system...not before. You should watch the FED meetings...they will keep raising rates until it breaks--the use credible threats and data that is old.....always. The housing market hasn't even seen the ramifications yet, of earlier raises.
    14
  6276. Jack Morgan is hilarious you guys need to collab more start a startup routine live real estate and despair
    14
  6277. real inflation is easy to track....follow the M2 money supply at the Fed. Since 2020, M2 is up 40%. Average new car prices went from 35k in 2020 to 49K now(40%), houses went from $300k in 2020 to $420K now(40%) groceries and fast food all way up. Insurance way up. Follow the M2 money supply as inflation is created by more new dollars chasing the same amount of goods and services.
    14
  6278. I agree, Hell I am 81 years old and have owned five homes over the years and I still pick up nuggets of information. I look forward to his daily videos.
    14
  6279. The real losers in this declining market are those sellers who were too greedy, delusional, or leveraged to accept a great price for their properties rather than an outrageous price.
    14
  6280. As someone who lived 45 years in Southern California And moved to Florida 4 years ago I agree with most of what you are saying. I will say the problem with the homeless in LA/SF many of the cities there tolerate the homeless camps. If you go to Beverly Hills, Irvine, Temecula etc, you won’t see this. Likewise Florida law enforcement does not tolerate tents on sidewalks. Also, beaches are cold in California as the ocean water because of the Alaskan current. Florida beaches are far better. And north of Miami (Vero and farther north) the summer water temps are cooler.
    14
  6281. Almost bought near St Pete's Beach, beautiful area, but the pandemic hit and put that on hold to wait for it to blow over. Dodged a bullet
    14
  6282. Sounds risky to refi later. Not only rate risk, but home value. If home values fall, appraisal wont support.
    14
  6283. CPI report came in spicy 👀 30 year fixed rate already jumped to 6.6% today. I wouldn't be surprised if we see it back up to 7% sometime this year.
    14
  6284. Can’t imagine not living in a sunny state Florida is amazing! So happy you’re in love ❤️💞 good luck to you and your girl
    14
  6285. I bought a house in the 80s at stupid high interest rates. However, house prices in my market had crashed so my monthly payment was very reasonable. Got an adjustable rate and the payments got smaller after every adjustment. You've got to look at the whole picture.
    14
  6286. Thank you, Michael, for giving us the hard honest facts on the real estate market even though it makes you sound like a doom & gloomier.
    14
  6287. Dude, I haven’t seen you have a bad hair day ever. As far as Florida, I’m so heartbroken. Good info on the insurance. The underwater thing is complete BS. The only thing that’s under water is the Govt deficit. I’ve been gone for 33 years and there has been no sea level rise. I went to a beach I ran on for years near Stuart beach and the high tide and low tide is the same. Beach erosion from hurricanes is another matter...
    14
  6288. On a trip from Key West to Dry Tortugas, our tour boat came across something like this. It was a bunch of inner tubes and pallets tied together. Our boat slowed down and took a look to see if anyone was on it or in the water. There was not. The captain radioed to Coast Guard to report it and we continued. To think people are so desperate to escape Cuba that they would risk it on such primitive "boats" is very sad.
    14
  6289. I think those willing to buy a house now are probably doing so because they are not watching the news from any source. What you don't know can't hurt you, right? Their heads are in the sand. Or they still believe that achieving the American Dream of buying a home is better than being a "renter." Rent is a four letter word to be avoided at all costs. I enjoy your dry wit. Thanks for the video!
    14
  6290. trust me, the rainy days in Floriday are nothing compared to the cold and gloomy days you get all winter in the northern states.
    14
  6291. I lot of the new retirees did not have the finances to retire in a normal time. They were propped up by government pandemic funds and when that ran out realized that they took SS too early and are stuck with low payouts.
    14
  6292. Renting prices may be falling, but taxes and HOA fees are going up. Something to consider.
    14
  6293. Sitting here waiting for the dumb money to go bust so I can clean house. Just watching peoples moronic decisions and waiting…….
    14
  6294. Moving to Miami and leaving behind all I've known does feel a bit intimidating. At the same time I'm more so curious and excited to take on that challenge of making it work. That being said, it's easier to pull that off as a single person
    14
  6295. It's prime real estate. It was only a matter of time before big developers notice these areas in Florida and begin turning these coasts into even more high-end highly expensive properties. I don't mind seeing the high end developments. There's a lot of "old Florida" that just isn't going to last as we move further along in this century.
    14
  6296. This scenario you are painting Michael is unsustainable for most people living there and anywhere else it’s happening. There goes my dream of retiring down in Florida 😡🤬
    14
  6297. It's time to get out of real estate, not in.
    14
  6298. I recently moved to Ormond Beach which is close to Daytona and I love it here. You can still find something for under $200K but property prices are on the rise.
    14
  6299. Michael, you are indeed correct. Real security comes from having an income.
    14
  6300. Please help guide us through 2023. Thank for all this service Michael!!
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  6301. Just bought a house in Sebastian Florida. Homeowners insurance was the biggest hurdle and costly for sure. Apparently back in 2005 2006 they were waiving permits for roof replacement because so many roofs needed replacement due to back to back hurricanes. This house was one of these. Had to replace roof in order to even get insurance. Big eye opener.
    14
  6302. Mike, you are doing a great job here!! Other people's negative comments and criticism is utter nonsense!
    14
  6303. I'm trying to buy in Charlotte NC, since the HOAs and insurance in South Florida is ridiculous. Half of the listings that my realtor send me have "price reduced" listed in the notes.
    14
  6304. If you rent out rooms in your house the Ins company wants to know, and they raise the rate way up as any of the tenants could get hurt somehow.
    14
  6305. Michael needs to get into Politics so authentic and 100% truth!
    14
  6306. I've been watching a few videos from a structural engineer on YouTube, from what he said it was a combination of things, no waterproofing under the pool deck, excessive weight in the fitness center below a weakened beam, and a column that was put beside one beam instead of under it. He showed a video that showed the improperly constructed beam.
    14
  6307. I LOOK FORWARD TO THESE WALK AND TALKS EVERY DAY!!!😄
    14
  6308. You pretty much hit on the major differences between the two coasts, though there are variables within each coast that could sway one in favor over the other. Even on the SE Atlantic coast, there is a different level of excitement/activity from the Palm Beaches down to FLL and Miami. Regardless of which of the 3 you choose, you still l have access to the other two. As a tourist just looking for sun, sand and a party, many are lured to the Gulf coast, as it has nicer sand and the epic sunsets. However different parts of the Atlantic Coast have areas close to the Intracoastal, where you can see sunrise on the ocean, and sunset over the Intracoastal. Greater Tampa has lots of variety from Sarasota, Bradenton, St Pete, Tampa and Clearwater, and the downtown is happening now. Due to being more spread out, the traffic is not all funneled into one narrow strip along I-95, as it is in Miami. I wish there were better access between to the 2 coasts - quick, frequent cheap flights, or trains (I know Brightline will be expanding to include West Palm to Orlando, and Orlando to Tampa, but right now, the ugly boring drive across Rt 60, or crossing Alligator Alley and using I-75 are the only options. I think each coast gives you the chance to choose culture, quiet, high energy, etc. In the heat of summer, the breezes on the Atlantic are better, and the sun dipping behind buildings brings earlier shade to the beach (though that can be a negative in winter). I am no expert, and only 1 opinion (I love many different areas), but my favorites are the Palm Beaches on the Atlantic Coast and Sarasota/Siesta Key and Hyde Park in Tampa, on the West Coast, but lots of other beautiful areas. I could never live in a sleepy retirement area with no culture, and just early bird dinners and shuffleboard, but I also do not really want the intensity of Miami proper for year round living either - probably why I like the areas I mentioned the best. I think the suggestion of breaking down each coast into 6 or 8 mini-sections and doing a video on each, as well as Orlando and Ocala/the Villages would be valuable for lots of people, especially for those who have never been to Florida, or to only one small part. Interesting there was another video I watched about 10 best cities in Florida, and Dunedin came in #1 - the town where my grandparents lived for 40 years (just north of Clearwater Beach), and the first place in Florida I ever knew!
    14
  6309. Ha! You've never been to Pheonix, AZ. 122 degrees during the day and over 100 degrees at night.
    14
  6310. I’m already out of Palm Beach until January. Greetings from winter paradise (67F) in South America 😂
    14
  6311. My retirement plan is live debt free, keep a low cost of living, and prepare for a job I can work at as a senior until death.
    14
  6312. Americans are a majority of extroverts, so we more-introverted often spend our whole lives feeling misunderstood &/or trying to change ourselves. Our need for more downtime v. less is neurologically hardwired. Don't be too apologetic for what we cannot easily change! ✊🏼
    14
  6313. I also have a very bleak outlook of the economy. $34 TRILLION in debt. Wars. Illegal immigration. ETC. immigration immigration immigration immigration immigration
    14
  6314. ridiculous prices everywhere, faux markets everywhere. Can't wait to see more. The SE ocean is much prettier and I too want to be able to see the shark before it bites me :) I do love the sand dunes and that there were NO condos.
    14
  6315. I love Adam's Channel! That was a great video you did with Adam while you were in California. So true, this administration doesn't care for its own. People need to wake up and vote them out. Happy Sunday Michael, Thank You!
    14
  6316. Black Friday Specials, free condo's for everyone. 😆
    14
  6317. For your next visit stop by Ragged Point, Cambria, Los Osos, Pismo Beach. Thank you for all the good info you provide.
    14
  6318. I spent hours watching walking tours of South Beach and thought it was all very beautiful and vibrant and alive. Then, I saw the videos of the Spring Breakers causing havoc. In the comment section of one of the videos, someone posted that locals never go to South Beach and now you say the same thing, Michael. I scratched South Beach off my list. Those condos are too damn expensive, anyway.
    14
  6319. Lived here for 20 years in a row as well as a handful in the late 70’s and early 80’s. Very happy people love Dunedin but also sad at the same time. It has gotten way to overcrowded and overpriced unfortunately. Cute town but not the quiet quaint town it once was. Fun fact, Desantis graduated from Dunedin High School.
    14
  6320. The property tax is the heroin to municipalities in America today . The destruction of its once beautiful cities with buildings inspiring thought and strength has been replaced by a new faceless private equity 150 unit apartment complex .The city leaders looked the other way . Thanks as always Michael .
    14
  6321. I can’t blame anyone if they bought house in the last 2 years specially if they live in Canada. There were lots of false information spread by media and real estate industry about how there is a shortage of supply and rices will only go up. I blame it on greed and the miss information that was around them.
    14
  6322. It seems the play is to ice out any activity at the individual level leaving only big pockets a seat at the table.
    14
  6323. When the mortgage forbearance stops and the banks begin to foreclose there will be a significant amount of inventory come on the market in 6 to 12 months after the redemption period expires.
    14
  6324. So...people will get foreclosed on because they suddenly cannot afford homeowner insurance. UN FRIGGIN REAL. They should regulate this sysyem in such a way that premiums collected ( look at it by county) if that county did not have any hurricane or fires or natural disasters hit in the year, they have to refund a portion of your premiums.
    14
  6325. Being a combination of optimist and realist is the best strategy I agree.
    14
  6326. Not sure why people are blaming the cold winter on housing and the retail sales? It had been a very mild winter compared to past winters. Just look at the crashing natural gas use and its toll on that commodities' price plunge.
    14
  6327. You forgot to mention, that to qualify for any rent, you need to earn 3x your rent, so in order to rent a 2k apartment you need a yearly income of 72k minimum.
    14
  6328. I was fortunate enough to purchase a home with cash... kickin' these interest rates to the curb!
    14
  6329. Also weather is a little better here in Melbourne than Miami.. welcome to move here!.. yes! It's worth it and more when you are getting older!.. Lol.. and more safe!
    14
  6330. I understand why Florida is booming, but why is Buffalo New York at 8.5 I used to live in New York as a kid, puffles a horrible place 7 months out of the year. My dad was smart enough in 1977 he brought our family down from New York to Florida😂
    14
  6331. "what are they doing with all this money" exactly. Its corrupt and widespread.
    14
  6332. Dude I am extremely frustrated , currently going through a divorce waiting on her damn signature to sell. Her attorney and her dragging their feet in giving me a signature to sell, meanwhile I am losing equity. Some people are just plain out dumb I make less money she makes less... 🤦
    14
  6333. Lot of truth in this video, but want to point out many of the investors were wise and sacrificed for years to build up their reserves so they could invest in stocks, properties, etc. So what differentiates a wise from unwise person? A wise may take a cruise, but they travel ballast class and don't stay in an upper deck suite. The wise gets about the same experience, but at a fraction of the cost. A wise is happy with a civic or Corolla, whereas an unwise has to have the Audi, Mercedes, Volvo, Lexus ... just these two factors results in the wise having less financial stress and tens of thousands more $ to save/invest. The same is true for properties... the wise are patient and buy a nice property in a good neighborhood that is likely to appreciate in value. The unwise buy impulsively and spend way more than they should. They are ok so long as property values increase, but can easily become overextended if values decrease or expenses increase.
    14
  6334. Thanks for dropping knowledge Michael 👍🏻 It's a mirage
    14
  6335. I know agents that flat out lie to the sellers on what they can get for the home just to get the listing.
    14
  6336. 200 dollars savings is not going to cut it at all, specially in today's economy. im gonna keep on waiting.
    14
  6337. People. Listen. You dont need a real estate person. You can do it all yourself and save a boat load of money. All u need is a lawyer. Save the money. Do taxes and real estate yourself.
    14
  6338. 6:37 lets be clear, demand IS HIGH but the affordability issue and inventory is keeping from NOT buying
    14
  6339. Don't forget about the sinkholes. Especially around Tampa area. Please keep thinking up more reasons. Florida really is going to be totally ruined if too many people keep moving there. It is almost to that point. I mean come on people Florida can't hold the population of the whole Country. I am moving there in 24 months after I retire and I am already from the South. People who are not from Southern States where it is 🥵 HOT AND HUMID most of the time really don't realize just how terrible it is. So please don't move to Florida.
    14
  6340. oil price will go up in winter for heating
    14
  6341. How were the people in that town? Were they friendly and welcoming or aloof and closed off? We once spent five years in a small rural town and we're never welcomed into the community. We were treated like outsiders and never felt at home. I've since learned to spend a little time visiting the local grocery stores, banks, and post office before considering a move there. It also doesn't hurt to say hello to the local law enforcement and ask what they think of their community and of they have any concerns they'd be willing to share with you. Every town had it's own vibe. The people in it are what bring that forth and that has a direct affect on the quality of life there, IMO.
    14
  6342. Retiring from my investments is also my goal, besides I am working for companies right now, not only because I want to retire earlier but also because we never know how social security will be in many years... I believe American retirees will be looking for more affordable places not only in America but also around the world. I am from Portugal and I am seeing more and more american retirees coming here seeking more affordable life quality.
    14
  6343. I got an email from my insurance company saying that anyone who paid a premium late would be cancelled and not allowed to renew. So, even existing policy holders need to be careful.
    14
  6344. My property taxes here in Crook County IL went from $2100 a year to $3100. That’s a 50% increase
    14
  6345. I live in Florida 5 years I love it.
    14
  6346. Brilliant video. I truly believe you continuously nail it with your information, research & factual analysis.
    14
  6347. Memphis TN is a shithole. The areas around it isn’t so bad. Bartlett, Germantown, Cordova, North Mississippi
    14
  6348. The condition of a foreclosed home reflect the morals and intelligence of the unfortunate individual
    14
  6349. I love your page🌞....because you actually take the time to respond to comments and that’s Awesome❤️...You are my new go to guy for any Florida questions!
    14
  6350. Hey james! Nice to meet you. Your son does a great job!
    14
  6351. I live in Macon Ga and it is true. You get a lot of house for your money here. Real estate wise things never go crazy here in this part of Ga . Even in 2008 things were pretty normal here.
    14
  6352. Well said. Lots of cocky people walking around thinking they are rich in assets
    14
  6353. Unfortunately, Texas is the same way. It used to be affordable, that was then.
    14
  6354. I enjoy your walk abouts. I also appreciate your honest candid approach.
    14
  6355. I agree with you on rates and later they will go up again even if there is a temporary pause and that's not given yet. Rates went up in the Euro zone by 50 basis points a few days ago.
    14
  6356. I want the value of homes to go down too. Many people who own these homes couldn't afford them since the prices have quadrupled within a five year period.
    14
  6357. Here is how to tell if you are rich or poor. Answer: can you not work for at least one year and live with everything you have right now (all financial obligations). The longer you can not work, the richer you are. Most people wouldn’t last 30 days without borrowing money. Most of us are broke, working for the banks 🏦
    14
  6358. A lot of ppl are living day by day and spend it all now mode is why ppl are still spending.
    14
  6359. Great video Michael, if you currently have home owners insurance and decide to lapse.. when you goto reinstate your home policy down the road, the carrier will likely note the lapse in your records even if you move to another home. The lapse could lead to higher insurance premiums since your carrier may find you riskier to insure because you went without coverage for a certain period and considered a criminal.
    14
  6360. Chase charges $12 monthly service fee
    14
  6361. Michael walked past a Ford raptor parked on the street n then a lady with a stick chasing a dog lmao
    14
  6362. Not only is getting a check in the mail worrisome, then you have to wait for at least two weeks to ensure that the deposit is good, I have heard of instances where a bank comes back after 30 days and says oops the check bounced.
    14
  6363. People really need to understand how expensive repairs and maintenance are. I have a smaller condo and replacement windows were 50k. Plus people don’t check their systems (hvac/electrical/plumbing). I have seen in my neighborhood so many people who are neglecting their maintenance. It makes me nervous to be another house in the future because of unbelievable neglect. I have worked for years fixing and replacing components of my house but someday I want to move to a better neighborhood.
    14
  6364. Looking at the pooling rainwater on the streets and sidewalks allows me to fully understand why mosquitoes live in Florida. That pooling water is unhealthy for the inhabitants of the community.
    14
  6365. You always have great real estate advice. I hope prices really do go down so I don't have to sell my place due to high taxes.
    14
  6366. People need to just put away the plastic (credit card) and LEARN to go without. If you can't afford it...U Don't Need it. You have to start somewhere.😮😮
    14
  6367. Lot of great honest content, very well put together. I really like the St Pete, Bradenton area. I am so looking forward to retirement in that area, 33 months to go.
    14
  6368. I agree with you about the program. So-called free money isn't free no matter what the reason. Hope this gets back on track soon. I'm tired of renting but concerned to buy now.
    14
  6369. I sold high last year and bought high. I've already lost almost 100K on my current home. Hoping the bleeding has stopped in the Boise area. But, if not, I have options. Good luck to ALL of you!!!
    14
  6370. congratulations Michael! great job, well done
    14
  6371. How can they say it's collapsing, they haven't said we are in a recession!!!
    14
  6372. Well done, Michael. Nice comparison of Gold vs USD.
    14
  6373. I wish I could just buy a tiny house and put it on the beach in downtown Tampa for a few years. Solves all issues
    14
  6374. Went back and watched this after looking at some opposing views. I appreciate it all the more. Honesty, collaboration, and transparency as to what you mean when using data. Great job guys. Happy for you both.
    14
  6375. Atmosphere is great, and the snapper looks yummy. I guess this type of social retired living is for some folks. I would miss my freedom and large lot (I do have chickens and ducks in my yard.) Looking to get a horse soon.
    14
  6376. Some of these "houses" look a little scary.
    14
  6377. We’re definitely having to do a lot more belt tightening! Hang in there everyone!
    14
  6378. Wow! Those property tax rates are off the charts 😮 There's gotta be some serious back room effort to keep home prices so high. No way anything outside of a bona-fide castle could be "worth" the prices these aren't selling for. Major benefit for the tax collector though. Do not overpay! That's just the beginning of the pain.
    14
  6379. Things don't cost more.....our money is worth less!
    14
  6380. The big problem we have today in home buying is a lot of people currently have 2, 2.5 or 3 percent interest rates. Why should they buy a new home at 6.5 percent.
    14
  6381. i love seeing two of my favorite channel hosts do shows together!
    14
  6382. What scares me is that the condo board is made of ordinary people who own units with no idea or training about structural engineering. So they probably place more importance on stuff you can see like adding better paint, or landscaping as opposed to foundation repairs nobody can even see
    14
  6383. I am retired .. paid off mortgage .. we built a vacation home … so two houses is adding up in insurances .. we live in upstate NY .. thanks for you insights and reporting … love your walks and videos
    14
  6384. Anyone who is intelligent wants their home value to go down. The only people financially benefiting from home sales and appreciation is everyone but you. Even if you sell your house for double what you paid, you still need to get another home, which will probably be higher than the profit you made from selling your home. Don't get me wrong, I wouldn't mind my house going up 3-5% per year until I retire and I can sell my house. I'm the type of person that fixes their home up. I'll make money selling this house and buying a fixer upper when I retire. But not like this. At this rate, I will need to buy fixer uppers every 5 years to keep up with the money I am losing in tax and insurance inflation. I don't want to pay double in taxes and home insurance because some morons overpaid for homes around me. The housing market NEEDS to crash to save us ALL money.
    14
  6385. Here I sit, watching how others live. I fell off the ladder of success years ago, threw in the towel and now live well within my means, only bills are utilities, low property taxes, food fuel, insurance, monthly credit card which I keep paid off. Rent vs own? If ur handy with a saw and hammer and don't mind swinging a paint brush, and keep a mower running, it's still possible to own the roof over ur head.
    14
  6386. Michael, my condo purchase in 2010 had a mortgage qualification requirement. The condo had to be solvent. The seller did have an outstanding $8k assessment. It was paid. The owner was Venezuelan media company. They took a loss of 150 thousand on top of the assessment. It's about to get UGLY. There will be demo's. And tiny box apartments in their place. Mo money, MO money.
    14
  6387. In Lakeland. My apt complex is now CHANGING THEIR PRICES EVERYDAY!. My 2/2 Friday was $1,843 (was 1,739 all last year, sometime dropping to $1,540) Monday it was $1,691 - $1,896. Today, same thing is listed for $1,795 - $1,935. Three UN rented Apts available now for the lower $1,795. Yesterday’s$1,691- $1,896 showed three apts available now for the higher $1,896 price. So, what kind of game are the playing? Fishing for tenants trying to use psychology? What do you think?
    14
  6388. The idiocracy also stems with property tax increases on rental properties in states like Florida without caps unless it is homesteaded. Mom increased the rent on her rental by $200 per month on her tenant in Spring Hill Florida. She could increase the rent on a new tenant by $600.
    14
  6389. I made that comment on your Tube that a lot of money laundering was taken place in the US real estate market in the last two years
    14
  6390. Another Great video Michael. I believe the insurance sticker shock next year in Florida will be mind blowing.
    14
  6391. Thank you Michael. I was "this" close to purchasing a property in Florida. Thanks to you I have altered my plans
    14
  6392. Real estate is no longer local but it’s now global . There are a lot of rich people in the world.
    14
  6393. How can anyone afford anything anymore?! 😕
    14
  6394. As a Denverite: it’s MUCH worse now. I’m leaving by the end of the year. They’ve made it a total shit hole here.
    14
  6395. I am 50 years old and can't wait 10 or 15 years.
    14
  6396. What a difference a hurricane has made. Florida was where we had planned on retiring to but it doesn’t make sense financially anymore. As much as that sucks it would have sucked even worse had we made the move and had to deal with these huge price increases.
    14
  6397. Thank for this video Michael! ❤❤❤I appreciate your hard work. 🙏🏿🔥🔥👏🏿👏🏿
    14
  6398. I have never like high rises, never even liked going into various offices in high rises. Personally I would never think of living in a condo, no yard, close the door and being inside, not for me just a personal thing. This building will come down, get rebuilt and other people will move in.
    14
  6399. Holy cow! Your relatives flood insurance TRIPLED?! That is insane! I foresee a lot of people leaving Florida, who can’t afford all of this! I am glad that the powers that be are slowing down giving mortgages to so many of these investors. I want families to be able to buy more easily…not flippers, who are then jacking up the prices! Great video, Michael!
    14
  6400. It won't surprise me that one day Mike B moves to Saint Augustine.
    14
  6401. Martha's Vinyard is a island off the Massachusetts coast. It's a seasonal population and soon most will be gone other than year round residents, there is plenty of services and housing for 50 people.
    14
  6402. A Gallon ofDistilled water use to be 80 cents..its $1.65 now!!
    14
  6403. Florida is an excellent place to be living right now. We are open and we can do whatever the f*ck we want. DeSantis 2028, Make America Florida.
    14
  6404. Great points. The crazy part is the feds will continue to raise rates and it looks like June and July will also be 50 basis points AND in a few days the feds start tightening AND we had a negative GDP and this quarter the stock market has been hit worse than first quarter and some of the largest employers like Amazon, Walmart, Target and Lowe’s have not met expectations and their stocks have tanked. They will likely have big layoffs Real people don’t call this FUD. We want normalcy. Your boy Jeb and guys like that are the ones we should watch for. The “buy buy” guys who tell customers he doesn’t think a crash is coming and a year later his clients are underwater
    14
  6405. Not sure how you’re affording to live in Miami Mike! I’m over in Sarasota and housing prices are insane
    14
  6406. Thanks for keeping it real Michael, never change who are, reality is not negative, it just IS.
    14
  6407. Your real views and honesty are greatly appreciated. There is a narrative out there and its fooling people.
    14
  6408. “You can have your own opinion but you can’t choose your own facts” LOVE THIS 👏🏽👏🏽
    14
  6409. I’ll admit I’m gettin very impatient with this crash. I think we should all come to terms that this could be the year things break like 08 with rates fully taking affect. We still need to see unemployment rise significantly and stay there for some time. If layoffs start this year and by summer we are at 5% then all of sudden a Lehman brothers moment happens. Then I’ll say 24 which is also an election year will be the year the crash really accelerates
    14
  6410. We saw the writing on the wall decades ago and expatriated to the Philippines after I married a Filipina from Bohol, Philippines in 2007.We have two beautiful children and now living a much freer Life, stress free, which is our natural state of being. My wife and 2 children are both U.S. and Philippine dual-citizens and enjoy the rights of both countries. I have seen many of George Carlin's shows telling the truth and criminalities of the usa and horrible culture there. I agree 100% with George Carlin, he told the how it is...
    14
  6411. With out of control inflation, house prices will continue its upward trend as described by Marc Faber, Ray Dalio and even Jamie Dimon. Owning a house will be more and more out of reach for most people as time goes by imo. This is a global inflation issue. I just spoke with some relatives in SK who said condos there in Seoul are easily $1 million! Crazy!
    14
  6412. Another problem with remote work is that the employer loses control of the workers and accountability. Workers no longer want a boss. In some cases this works if you have a reliable, productive worker. Most take advantage of it.
    14
  6413. Please don't turn our state blue. I like no income taxes, and the rent prices and percent of disposable income is great due to everything including services being unprotected or restricted by protective legislation. I don't need it being messed up by clueless busybodies. Alot of hispanics and white rural industries couldn't handle what you want from your blue states. It's why the Hispanics can afford Education down here, and why California has one of the most hostile advanced education attainment environments to hispanics: Cost.
    14
  6414. I feel bad for anyone who live in this Condo. Hopefully management can compensate them but i dont think they will have money to give to everyone.
    14
  6415. Florida is the best 👌
    14
  6416. Im a native floridian, having lived here for 15 and a half years, and the temperature is awesome. Disney world is only 45 min away from me and the superbowl this year was only 30min away from me. HA
    14
  6417. If sellers need to definitely sell their house right now it also means that buyers should definitely wait.
    14
  6418. OMG you guys are so Italian with the Godfather picture above the sofa. Your dad is a real loving father, you can tell.
    14
  6419. It's a big difference moving to Florida when you already have a family nucleus there. When you're there alone, even as a family, it's harder. I lived in SoFla for 5 years, after spending 4 in SoCal, and while I did prefer FL to CA, even without the Winters that I hate, I did not like FL better than the part of Northern NJ where I grew up. I love living on the water and vacationing on the beach in the Caribbean, so I knew that when I left NJ for good, I'd have to be on the water. I wouldn't go back to FL, but the Southern tip of NC ended up being ideal. I live on the River and am just minutes from some of the nicest beaches in the Country, IMO. I had friends who left NJ for Florida's West Coast, thinking the grass was greener. They didn't have family there, and within a year, they missed their friends and family in NJ so much that they left Florida and moved right back to the town they moved out from. My advice would be to take an extended vacation to Florida first. Spend part on the East Coast and part on the West, and see if it feels like a "fit" to you. Had I done that, I'm not sure I would have moved there.
    14
  6420. I know a ton of people who payed their house and then retired on a fixed income, if they had to pay rent they could not even live on that side of town. The goal of buying a house is to get it payed off so you can live in it rent free. Of course if you aren't planning to retire between 55-60 the housing game might be for you. LOL after 1 week of work I knew I didn't want to work to end so I started planning my retirement with MS . I was on my way to paying off the house and building wealth, It's what you have to do if you don't want to work till you drop. long term decisions are today's decisions
    14
  6421. Cool seeing your grandparents. Great humble video
    14
  6422. There is a lot of value in your content Michael. You are an invaluable resource to people who will listen. I believe this recession will run 4-5 years.
    14
  6423. Our Grandfather was the Head Mechanic at Disney World. We went every year..stayed in the Polynesian Hotel...BIGGEST MEMORY..Sweeping out the coins in the shut down MAKE A WISH FOUNTAINS with my Grandfather. 😂😊
    14
  6424. My sister got involved with a realtor couple who I feel gave her poor advice. There is no way she should have been approved to purchase a $400k home based on her annual salary. I still have no idea how she got approved for that mortgage. Unfortunately, she had zero experience with home buying and was so caught up in the moment and trusting of the realtors that she wouldn’t listen to anyone else. Now she is in a house she can’t really afford. I have been fortunate in the past to have a very good realtor who properly advised me and my then husband not to buy more house then we could afford even if we were approved. There are some great responsible realtors out there, but you have to do your due diligence for sure.
    14
  6425. Im waiting for spring inventory to hit or as long as it takes to wait for price to drop. Rather low price than high price and high rates. Insane!
    14
  6426. Another great point MIchael. Looking after your parents when they get older. I am doing that at the moment. My mother has early onset dementia, so i am happy to live with and look after her and she always tells me how much she appreciates it.
    14
  6427. It happened to me during '07..OVER 50 percent lost value..eventually it came back( to new highs).
    14
  6428. We moved to the greater-Portland, OR, area in 2018. We 'should' have bought immediately however we didn't have the down payment in hand like we'd like to have. Now 5 years later we have that down payment however the market conditions are terrible and we are sitting on the sidelines and waiting on the market vs making a rash / emotional decision. We are focusing on being optimistic about the 'right market' being at some point in the future, and closer than 20 years like some 'doomsayers' would like to have folks believe, and being ready for that market when it arrives. You can't push the river, you can only keep paddling. :)
    14
  6429. 😂Michael, I couldn't help but laugh. The background noise with lawn blowers, trucks & speeding vehicles appear to be on the rise. Chin up Michael. We will tolerate the background noise to hear the updates you provide. Thanks for all you do.
    14
  6430. 24 organic pasture raised eggs for 8.99 at costco, best deal around
    14
  6431. I feel that we've all been saved from the winter apocalypse because Michael is still in his tank top
    14
  6432. 1st! Publix near me is basically empty for the last few months but Trader Joe’s is slammed. That’s what happens when you charge $10 for berries.
    13
  6433. I don't care what rates are , and why people focus on it. The focus should be that your payment shouldn't be more than 25-30% of your total household income. Also, a home is a place to live, and maybe people should stop thinking "dream home". I was lucky to have a down payment when prices were low, but I still only bought a small condo so I could pay it off quick. It's not my "dream" home but it's a decent clean complex in a safe area. When the pandemic hit, I didn't have to panic, and if things get really tight I can rent out the 2nd room like I did for years to pay it off. Prices are crazy right now, and I feel for people looking for housing, but you also have to get creative, suck it up for awhile, roommate with others until your situation improves. That's my 2 cents .
    13
  6434. Fun fact: A lot of those expensive cars you see are rented.
    13
  6435. You can do alot of things without a wife and KIDS.
    13
  6436. Early 30s and under are desperate AF for a deal. They need to hold out till the bottom of the market.
    13
  6437. Thanks for another excellent video, Michael! You're right about $400 not being enough for car repair, at least it's not enough for my car. I have an older car & every time it needs a repair, the cost is at least $1000. Sometimes I get annoyed at having to repair it, but it's still cheaper than a $500 monthly car payment for years.
    13
  6438. Irma destroyed our condo in Marathon Key. Of course the insurance company didn’t pay, and the building will be sold to a local builder. They will fix the damage and sell it for millions. Insurance companies will do everything they can to get out of paying those with their policies. It’s required to have the insurance but not a requirement for them to pay. What a deal.
    13
  6439. Sold my Bennett Valley home in Santa Rosa back in June. SR looks great from the outside, but that town has lots of problems not unlike most California cities.
    13
  6440. I’m in the dc area. Prices have only gone up. Or stayed the same. Homes are moving pretty quickly and aren’t sitting for months.
    13
  6441. Sounds like a great buyout deal for the condo owners. They get a big payment to move and don't have to pay for the big repair job if they stay in an old place. The renters get screwed out of the area.
    13
  6442. I still see some ridiculous house prices out there still and I can't understand who are the people that are over paying for these properties, especially with the interest rates being so high. I don't believe these are all cash deals. I guess the saying that a sucker is born every minute has never been more true.
    13
  6443. Looks like a great place to live! I’d live there for sure! 😁 looks like you wouldn’t even need a car … just a golf cart! Love it 💛
    13
  6444. We love the TRUTH Michael!!!! Great work!!!
    13
  6445. Thank you for being real. Sad when you see realtors lie through their teeth about how it is a "great time" to buy.
    13
  6446. I'm glad I found your channel Michael, it's great to see such a young man that knows what's going on and that understands the real history of currency in the USA. Proud to know you sir. All of our troubles started in 1913 under the Woodrow Wilson administration, turning control over to the Fed, which is a corporation run by banksters. Central banks have always been a big problem and have always destroyed our wealth.
    13
  6447. Good bill. We don’t have a homeless problem, we have a loser drug addict problem.
    13
  6448. I work for the VA doing disability claims for veterans. My job is 100% remote and it is great.
    13
  6449. That’s a huge fookin spider 🕷 😢
    13
  6450. My condolences to all those who've suffered from this disaster. Glad you are Okay. As a retired Firefighter this sort of disaster is a nightmare.
    13
  6451. What more do you need on a Sunday evening than a nice dinner and a Video from Michael. Just a perfect conclusion of the day 😊
    13
  6452. Merry Christmas Michael! God bless you and thanks for keeping us informed about whats going on in the housing market.
    13
  6453. We are moving to Florida from California in a few years. Right now we are looking for a property to buy and rent it out. I won't recommend moving with no money but where there's a will there's a way.
    13
  6454. Dave Ramsey says credit score doesn’t matter but what you said shows it does and is important. Great info!
    13
  6455. The gentleman that developed the 401k himself said not to rely on it decades ago.
    13
  6456. After selling a few homes through agents, I'm a "for sale by owner" believer 100%.
    13
  6457. Corporations will still buy the home above price.
    13
  6458. In general west coast gets less hurricanes than east coast, always try to live near the shores, less humid, cool see breeze in the summer, less mosquitoes. Avoid islands, it's hot,humid and a lot of mosquitoes ,alligators and other animals.
    13
  6459. Shrinkage happens when I cold plunge, what's happening to these stores is a straight up RICO racket.
    13
  6460. Michael speaks the truth. Don't buy a house or take a second mortgage until house prices fall to where mortgage payments are comparable to rent. Otherwise, you risk being 30-50% underwater by this time next year.
    13
  6461. Anyone living on the water's edge should be required to have insurance. They are well aware of the consequences of living where they do.
    13
  6462. It’s hot today in Florida and raining
    13
  6463. Tough days ahead 💪
    13
  6464. I think there are many naive first time home buyers who are experiencing all kinds of surprises after jumping in to buying something way over market and budget because of FOMO. 🤦‍♂️
    13
  6465. If you can buy a house debt free, then its worth it!
    13
  6466. My HOA is almost $800 for 900 sqf/ 1 bedroom condo in CA. 2 fires in other units in this year adding $100 on monthly HOA. This is why I am getting ready to move to FL. 🙃. There is no condo or house livable condition under $500k in CA.
    13
  6467. Agree 100%. I was born and raises in Michigan. Moved to Florida 11 years ago and have never regretted that decision. I love just getting up and going for a walk nearly every day and not dealing with ice/snow and cold dreary days.
    13
  6468. My local food stores have put thier own gaurds at the exits to patrol for shoplifters. The local cops will not even bother unless the crime involves more then 400$ per incident.
    13
  6469. I've been living in the Tampa Bay area since July 2019 and love the heat. But I noticed you said Tampa is usually hotter than Miami. I've found that whenever I check the weather app especially in the winter months that Miami could be a good 10 degrees warmer. It's actually made me consider looking into moving to that side of the state.
    13
  6470. You need to make a video from the grocery store lol. Just calling out every item and their price increase.
    13
  6471. When I pay off my home I will self insure and invest $6000 per yr. I'll keep my flood policy which is only $400 a year and maybe get a small policy for my contents (ie renters ins). What would be an interesting sequel to this video is to find out if any banks / credit unions allow their mortgage customers to self insure, esp if the customer can offer proof of funds from 401K or brokerage accounts, that could cover any damage to the home.
    13
  6472. my first home back in the 70's was $5,000. yes and live in it for 20 years. raised 4 kids and have great memories.
    13
  6473. Michael, one thing that probably won't show up in statistics is perception. Yes, mortgage rates were at similar levels back in 2007 as they are today, but the differences relativity. I had a 6.5% mortgage back in 2007 and I thought I was getting a good deal back then. I actually assumed rates might actually go back up. However, today we are so used to 3% mortgages because they've been around for so long. And now we are shocked at an 8% mortgage. Not only because it's relatively high, but also how quickly things have changed just this year.
    13
  6474. Here in Texas, I know multiple people that sold their “starter” homes to companies like Zillow and Opendoor in 2021 because single families were not interested in 2021!!!!! All 3 of these homes are still owned by zillow/opendoor and are not on the market. It was also confirmed that these homes do not need remodeling or rehab. Super sketchy. Please touch on this in videos. This can’t be the only place and time this is happening.
    13
  6475. They just trick you into paying for things you don't need
    13
  6476. It is mind boggling how people use their house as a bank. What do they do with the money? Syphon it to another account and live off of it when they lose their house? There must be an incentive to refinance at a higher rate. Is it that they never plan to pay it back?
    13
  6477. Today I have zero debt. I live in a smaller condo that's paid in full, no car payments, no credit card payments, no loans, nothing. I no longer need to make big money to live comfortably. As we speak I am on my 4th vacation in the last year. I live humbly but completely stress free when it comes to finances. I'm 54 now and my only regret is not living debt free when I was younger.
    13
  6478. I yelled at my property manager for raising rent almost 15% without consulting with me for two reasons: 1. tenant doesn't want to pay that and started being sloppy. 2. I don't want to hose my tenant.
    13
  6479. The continued increase in home values is mostly from the sale of homes North of a million dollars and from overpriced new builds for the upper middle class that is not affected by this destructive inflation. These homes are skewing the median home values across the country.
    13
  6480. Fyi, starting today, if you want to travel to Brazil, you need to show them your bank statements or pay stubs included as part of your entrance documents
    13
  6481. 19:35 Agreed Michael. There are many problems with electric cars. They're not as safe, they're less convenient and they're more costly than regular cars. EV owners even admit that they have to have a second regular car because of these problems.
    13
  6482. Welcome to Orange County! I keep telling you man, Florida is quickly losing all its appeal. It used to be a really cheap place to live but not anymore. As you said, traffic in South Florida is probably worse than coastal California. Home and car insurance premiums are way higher in Florida. And the advantage of no state income tax is completely overblown. I can see you renting your condo in Miami Beach and moving here.
    13
  6483. I think John should keep his house, meet Karla, fall in love, Karla sells her house, and marries John. Problem solved. Happy Valentines Day! 💝
    13
  6484. Our country is so used to things crashing and then restarting all over again. But there is another scenario - things never correct and we just have a different standard of living. Just look at how people in Eastern Europe live. They’re doctors and lawyers too, go to yoga classes and coffee shops, just like here in the US, but they drive older compact cars and live in 3-bedroom apartments with their in-laws instead of a house with a yard. They buy their iPhones once every six years instead and have to give up buying a pair of shoes or a purse to do so. They have the same things just less frequently or in a smaller size.
    13
  6485. Remember when all these companies were going to space? Now they are laying everyone off. Good times
    13
  6486. 40 year mortgages are a sign that mortgage companies work with their struggling customers. Tell a landlord that you’re struggling and they’ll start getting their eviction paperwork ready. My mortgage company still has a link for struggling homeowners. Something I’ve never seen on a website for paying rent. Mortgage companies don’t want a crash so they’re working with their customers knowing they’ll make some money in the long run. The customer gets to keep their home and everyone is happy.
    13
  6487. It feels almost impossible to find a place where my mortgage payment will be cheaper than rents. This is with a 200 to 300k down payment as well. It is like this in many cities with high demand.
    13
  6488. Those who refuse to see the coming storm likely bought in the past year or two. Houses are not like other trading commodities: they have high carrying cost and high selling fees. There will be a lot of people who bought the last moment frenzy suffer in the next few years.
    13
  6489. You never really own your house. Retiring abroad is the only sensible option left for seniors
    13
  6490. I actually went to a recent lunch and learn hosted by Champions at a developer home. Some agents are really believing you should buy a home now. Wow.
    13
  6491. No credit cards is a better plan
    13
  6492. Loved it yesterday just freestyle jamming with that CEO. More of that haha!
    13
  6493. Everyone is getting squeezed. Mortgages have gone up as insurance and taxes rise and escrow isn't enough to cover it. On top of increased food and fuel prices, the average household is paying 500 dollars more per month
    13
  6494. Gas costs me 1200 a month in michigan for my work truck a f150
    13
  6495. how many times has wells fargo been bailed out................. but they still kept all the profits from bad loans!
    13
  6496. $100 billion recovered, 10% for the big guy
    13
  6497. "Renting from the bank"---that's a good way to put it. That's what I was thinking when I heard "40-year mortgage." With the current interest rates, people might as well just rent. That is essentially what they are doing anyway.
    13
  6498. I prefer to hear the storm in the background. It’s relaxing to me.
    13
  6499. It's funny the jobs that they're creating are only government jobs😂
    13
  6500. Only MB tells the truth. Everybody else lies!!!😊
    13
  6501. My dad is retired in North Michigan, and *made all his money doing Miami Real Estate(same area as Michael for Keyes Company), and driving trucks for major ketchup company.... Heinz. He cannot afford normal bills and he is in north Michigan farming county with 1 stoplight and no mortgage at all!
    13
  6502. Nah, I don't think things are ever going to become sane again. I was with you for a while here, too but people still seem to have all kinds of money. Nearly everything I'm watching has gone contingent or pending over the past 2 weeks - this doesn't allow time for any kind of price reductions. My budget is in the $600-$800k range. Already have a pretty nice house in SW FL but want something on a bit of acreage in the sticks. Doesn't matter the price, it just gets snapped up. I'm out for now. I think I'll take what I've saved for a new house and renovate my current place because it's almost paid off. I'll have a total palace in the end but it won't be on the amount of land I want. Life is full of sacrifices, I guess.
    13
  6503. I know where you're going with this. My Uber driver said " why are my friends complaining about property taxes?" I schooled him! I said there will 5 things on your payment bill. If....you go to the bank for a loan, aka a mortgage... I named them. He said " omg that was so good!" He said nobody ever explained it to me. If the insurance and property taxes go up. So does your payment...😊 That was his tip..
    13
  6504. I think what you forgot to mention is that the wages in FL are EXTREMELY different than say, NY state. They are MUCH lower and people should be researching the wages in their field BEFORE moving. For us, we would be taking between $5-$10/hour pay cut for the same job. What people think they can afford where they are now wont be the case in FL (in most cases). Would be great if you would cover that also.
    13
  6505. Michael, please keep doing what your doing because your looking out for us 👏 everyday regular people
    13
  6506. Great job Michael ❤
    13
  6507. Homes are not valued at a dollar amount they are valued at devalued dollars amounts.
    13
  6508. Im literally gonna throw a party when i pay off my student loans 🎉🎉🎉
    13
  6509. A buildings ability to withstand a hurricane is not necessarily the same qualities that would prevent it from collapsing
    13
  6510. That fog looked like the kind of tule fog California's Central Valley gets from November-March and at Dillon Beach (North of SF next to Tomales Bay) where numerous family vacations were had until the family cabin was eventually sold. Now all those cabins are selling above $1 million, even the most rundown ones. What the mortgage lenders are doing is eerily similar to what was happening from 2002-2007 in the housing market until the bottom dropped out after the financial meltdown of Sept 2008. Almost like Deja Vu all over again.
    13
  6511. Easily the best channel on YouTube. There is never a video I don’t learn from. Great work again Michael. I have been telling everyone I know about you, your channel and the scenery
    13
  6512. I live in New York and we have Metro North and LIRR so you can buy a monthly pass depending where you live from 300-450 then you got to pay to park your car and depending where you work in the city you have to take the subway that’s another expense. Or you can drive in pay a toll and pay congestion pricing that’s another toll there’s gas and aggravation pick your poison, company’s are bailing from the cities and moving to the suburbs also don’t forget the red light cameras and speed cameras lol.
    13
  6513. The past isn't always a guide to the future, but after prices crashed in 2008, they didn't bottom out until 2010. I expect the same timeframe this time, though, because of the cumulative effect of valuing housing on the market. Sellers reduce their prices by 10%-15%, which becomes the new base. If houses still don't sell at that base, sellers reduce their price further, and that becomes the new base--it's a snowball rolling downhill. When owners wake up and realize they're paying a mortgage on a house market valued at $300,000 that they bought for $600,000, people are just going to start walking away if they don't see values recovering in the foreseeable future. This is the scenario all the banks are preparing for right now. Wild cards in the scenario: 1. Will a recession tame inflation or will we have stagflation? 2. How long and how deep will the recession be? Housing prices are going to come down, but these wild cards affect whether prices go down by 20% or as much as 50%. This will vary area by area, but I expect a minimum of 20% price reduction and 50% in others. Not all markets are as wildly overvalued (out of line with household incomes) as others, and all-cash investors may continue to partially prop up some markets. If you want a good bargaining position, wait a year. If you want to really gamble to get the best deal, two years.
    13
  6514. What's listed for 500k in a real reality it's only worth 250k
    13
  6515. Are you done with Florida ????
    13
  6516. Taxpayers should NOT be forced to cover this damage!
    13
  6517. Great video Michael keep them coming
    13
  6518. I literally am OK w/ a 800 sq foot place w/ 2 tiny bed rooms in an area where I can walk around. I don't need a damn Mc Mansion, most of the people I know also looking don't want one either. Also anything that fits our requirements of being that small is "luxury" where somehow luxury just means you pay an extra 100g's for a marble counter top.
    13
  6519. This is just step one of the social credit score system…
    13
  6520. Wow….this episode was eye opening for sure…thanks Michael….love your “talks on your walks”. 😎
    13
  6521. My son, 27, has moved 7 times in the past 6 years some college moves. Rents have gone up, moving is expensive and time consuming. Apartments are typically occupied by transient people, restless and noisy living. He decided to buy a two bedroom townhome and could not be happier. 5.9% interested rate in May 2023. Renting might be for some but if you add all the expenses from moves, utilities hookups, packing and unpacking and no garage (wear and tear on your car), I believe it is no cheaper than buying. But you must be financially ready to buy.
    13
  6522. Michael,you always have great content in all of your videos. Btw you still make me very jealous when you walk around in that beautiful weather. I’ve done well over 60 Real Estate transactions and thought that I knew it all but you surprise me with some of your information. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    13
  6523. Buy a house. Did the condo for 25 years. Maintenance was never done. Far too many arbitrary rules. I’d rather be my own boss.
    13
  6524. As inflation roars on, people will not be able to keep up with the mortgage payments....food, energy, stock market crash, etc.
    13
  6525. "Marriage is the first step to divorce"--Woody Allen
    13
  6526. Downtown Clearwater is nice. Just Scientology owns lot of property there, Flag base. Sounds like some progress is being made in local politics to keep them in check. I would just look elsewhere.
    13
  6527. In Nederland zijn vergelijkbare problemen.
    13
  6528. Wow! And I'm actually moving to Florida on June 1st 2020
    13
  6529. FRIDAY GREETINGS MICHAEL 🎉❤🎉
    13
  6530. I lived in a condo I owned for 10 years, until 2017, when I retired and sold it and to relocate. Having security guards patrolling the grounds is a luxury. It would be cheaper to put security systems on the buildings and put up Neighborhood Watch signs.
    13
  6531. As much as I’d like Florida I don’t know if I’d get a house there. Maybe a penthouse or little cottage.
    13
  6532. I was looking for an apartment when I was in high school 🏫😁
    13
  6533. This is difficult to follow because, 3rd party sellers sometimes offer a lower price. Sometimes you don't want to pay full price for the same item. I have purchased books by a 3rd party seller. It's easy to get scam then, and your message just tells me to order only from Amazon to avoid getting scammed.
    13
  6534. luxury complex near me used to be $2,700+ for 2BR. Now seeing $2,200-$2,400. prices are definitely falling and vacancies are rising. 6 months ago, they had 0 vacancies. i just checked today, they have current vacancies and "available soon" vacancies totaling 52 units. which is crazy
    13
  6535. There is no traditional crash coming. What is coming are continued strategic targeted maneuvers to keep home ownership out of as many people's hands as possible. We will RENT everything and be HAPPY about it.
    13
  6536. $1,185 annually for auto insurance is nothinggg haha I pay $467 a MONTH here in NY. Great video though! Very informative for people who are trying to move to FL like me
    13
  6537. If you hate where you live you should plan a sensible strategy to move. Never, ever EVER live where you're miserable. Life is too darn short to be unhappy. You can't believe the overwhelming, positive change that can occur in your life when you live where you are happy.
    13
  6538. Michael: I just went through a renewal with Citizens. After you explained the new system in your other video I called my broker to see what I needed to do. They said they had it covered and would keep me informed. They sent a new policy from Citizens (at an increase) and I accepted. Just last week the state sent me a letter about the new program saying I needed to call them and accept a policy on their site. I called my broker who investigated this letter and told me to ignore as I had accepted and the policy had been paid by my mortgage holder. My broker was upset (not at me) that Citizens was sending out these letters and muddying the water without having informed them (my broker) that they were doing it. They thanked me for letting them know so that they would be prepared to handle the confusion this would cause for their other customers. Bottom line: Stay in touch with your broker!
    13
  6539. Sold my house in and moved out of Illinois in 2022. Happily renting in a Red State. Waiting to buy the dip…
    13
  6540. Mike, keep up the great work. You are on point with what you’re doing. I did not have a college education but made it right in life so kudos to all of us have done that.
    13
  6541. Great ideas! My ex boyfriend started a mobile car washing business. He washed people's cars while they were at work. Just a quick wash and vacuum for a good price. It then led to headlight restoration and washing cars in the lots of dealerships. I think besides the van, he invested very little for a water tank and supplies.
    13
  6542. My monthly bills went from $1466 a month to 1601 dollars. Filling out an application to be a greeter at Walmart.
    13
  6543. I think a lot of Air BNB houses can t even cover their costs at a normal rental rate so they are going to have to sell those ones outright.
    13
  6544. Here’s what I think it comes down to. The economy is k-shaped. The people on top are doing great. The people who had bad circumstances or made bad decisions are way down. The stock market is at all time highs. If you were an astute investor who went to cash when the Fed started raising rates, then went to stocks in late 2022 when it was peak panic, then you are up tremendously. Dips in the market make some people rich. If you have made good decisions, in terms of staying debt-free, or buying a house (or multiple of them) at the right time, etc. then you are doing great. If you have a great career with a high wage,good benefits, and job security, you are doing great. If you are ill, or disabled, or unemployed, or in an afflicted industry, or sold everything at the bottom of the market, or too young, or too indebted, etc. then you are simply screwed. High interest rates are amazing if you’re debt free and able to get great return on your savings account funds. So why do some people say the economy is great while others say it is bad? Because it IS great for some people. And it IS bad for some people. They’re not being dishonest.
    13
  6545. A family friend was buying these types of condos up for under $100K during the throws of the GFC and would rent them out for $1,000 per month. It was nuts how hard Miami crashed in 2008-2010
    13
  6546. I self insured for seven years in Florida. My conditions were: 1. A condo I paid $181k cash for. If it were a house, where someone could walk onto my lawn and fall down and sue me for injury liability, there's no way I'd have self-insured. 2. Condo association held a master policy to rebuild up to the studs. I estimated it would cost me about $50-60k to build out the interior after the master policy would cover rebuilding the building (assuming it burned down or was otherwise destroyed). If the condo association didn't hold a master policy to cover the building and grounds or if I didn't have hundreds of thousands of dollars in savings to draw from should I need to rebuild the interior, I'd have never considered self insuring. 3. (This is very important). The only people I ever had over were my mom, my brother and his wife and my girlfriend. So I limited the chance someone would come in and slip and fall and sue me. I didn't know many people in Florida as I'd moved down from Massachusetts. If I had guests over all the time there's no way I'd have self-insured. As you can see, you have to have just the right conditions before you should consider self insuring.
    13
  6547. I paid the realtor 5 percent and was very happy.from time of listing till I got a check was 1 month.fantastic😊😁.
    13
  6548. Congrats on 300k subscribers! It's well deserved. Keep it up!
    13
  6549. @Michael Bordenaro Most housing videos,, I tune in to listen, but I find yours most interesting because of the scenery. So, I must watch! Love the info and background. Keep up the awesome work and workout!
    13
  6550. These Prices are absolutely insane! They will come down my prediction is probably a year and a half to more affordable levels may be 2 to 3 years to pre-pandemic levels. People buying right now are just so stupid.
    13
  6551. Yeah, you know of an old saying when the government gets involved in something it just fucks it up. Nobody wants ev cars by and large. And you know instinctively, when the government pushes something so hard, you have the wonder why, It's usually not for your good. That's big part of why I don't want one, Distrust of the government, And all the reasons you've stated as well.
    13
  6552. We moved from Las Vegas to Sarasota and it was definitely a great decision. Lovely weather and beaches, no mask karens!
    13
  6553. Like Joe says. It is a sign of a great economy.
    13
  6554. thank you, Michael, for showing us the cheapest house in Miami😂😂😂
    13
  6555. They are building out of control in our county in Florida. I am wondering at some point they will stop and abandon their projects.
    13
  6556. Depending for the Government to step in do do something? Is this the same government who works with big techs to silence and sensor free speech? I'm not holding my breath. I'm just glad we bought our home at the beginning of the pandemic. If we waited til now, it would never happen because there's nothing available without a bidding war. Thanks Michael, as always and I love you getting exercise while doing the video. Bravo.
    13
  6557. Congratulations on hitting a quarter mil🎉🎉🎉❤❤❤
    13
  6558. The Fed really created a monster with artificially low interest rates since 2008. What a disaster we are going in. Funny you mentioned gators I just saw one in the canal by my parent's old house. No wonder there were no ducks there!
    13
  6559. Even the birds in Miami are feeling the crunch right now. All sitting there waiting for free fish handouts.
    13
  6560. I like higher prices it makes eating more exclusive😂😂😂😂
    13
  6561. Personally, I enjoy working around the house, that is a big part of my life, I love seeing my work being completed and enjoying the final result. Being retired.since 53 years old I do four things everyday, go to the gym, work around the house , cook and eat healthy, and play games on my computer, unless at my vacation property where I free dive in the Galapagos, bike ride, and of course eat healthy everyday.
    13
  6562. If I were selling a house I would list it myself on a few social media house websites (no listing agent). I would pay only a partial commissions to a buyers agent if he gave me a qualified buyer. This is why I let my Real estate license go last year. I had a license since 1991.
    13
  6563. Homes still selling for more by me. They are being aggressively priced lower, but looking at listing price, and seeing what they are actually selling for is a stark difference. It’s like the lower they are priced, the more people get. I just sold my home very recently, listed $30k lower than what I would have listed for in the fall of 2021, and I got almost almost $100k over asking. Still got a lot more than I ever imagined I would. Competition is tough for buyers right now. So, the best indicator to see if homes are going up or down, all one has to look at is selling price. Forget what they’re listing for, because dropping prices is a selling strategy. The only homes I am seeing really drop and selling for asking price, are homes ridiculously priced way too high. I think some people that do not necessary have to move, put huge price tags on their homes to see if they get it, great, and if they don’t, they take the house off the market and continue living there. .
    13
  6564. I think it’s because job loss/layoffs and incredible inflation.
    13
  6565. Good video. Probably the most sane perspective I’ve seen yet. I’ve waited for 3 years now and can’t tell you how awful it is to not be able to buy in the area I want to live in. It’s the hardest thing I’ve ever done.
    13
  6566. Several years back I was selling a home and had a buyer poached - I was told they'd changed their mind. Then I ran into the buyer and they asked if my home was still available - Said it was and they said they'd made an offer but their agent said I hadn't accepted it and tried to coerce them into buying one of their listing. Long story short --- They fired their agent, made an offer directly to mine and bought my place. A good, honest realtor is worth their weight in gold but a bad one is bad news for everyone.
    13
  6567. I work in construction , I have walked through countless flipped homes on walk throughs to do electrical upgrades . Let me warn you , 90% of places I visit to do work I have to leave . The work done was not up to code and very poorly done . As a professional I cannot do work because if I do i inherit all issues. Most of the work I see if it was my home I couldn’t sleep at night knowing how much risk I am in . These flippers are not craftsmen they are strictly there to turn a profit and they cut a ton of corners . Next 10 years will be people undoing all the rushed work done in the last 3 years .
    13
  6568. You are exactly right. I'm 67 and have owned a business all my life. When things are good, you make money and save. Then the economy is manipulated again, and you have to spend what you saved over and over and over. There is no winner in unregulated capitalism except you know who. I was hit at 75 mph by an uninsured driver when I was 54 and had to have 8 major surgeries, separately. I lost all my money (useless suing the guy he had nothing) and had to start all over. I will have to work until the day I finally drop. I live in a tech city so chances of employment, despite great tech skills, are zero after 50. Doesn't matter anyway, I was left with a disability so let's make those chances negative 100. Now I'm used to pivoting, so I still can work but the day is coming soon for millions of us when we just can't. Then what? Soylent Green?
    13
  6569. I'm honestly still confused on Condos vs Apartments. You did cover a lot in this video which was great! I just dont know what would be better when moving to Tampa if I should do an apartment or a condo? Especially with renting I'm not wanting to buy. Also what about HOA fees? Are the HOA fees included in the price of the rent of the condo or would the monthly rent go up? I do apologize I'm simply confused.
    13
  6570. Declining birthrates insure a glut, longterm
    13
  6571. Here in NYC home price and rent price is still high. I’m priced out due to high prices I have to rent now. Landlords know this so rent is high. Continuing to stay on the sidelines. Let’s see how the next two interest rates hikes going to do.
    13
  6572. We are going to have a crash and it will be worse than 1929.... How much would you like to bet.
    13
  6573. I think ppl just need to stop taking out loans. It only benefits the top 1%.
    13
  6574. Biden be pulling strings and kicking the can down the road till Election Day. 😂
    13
  6575. I remember looking at moving to Venice in 2003-4. All the canals were filled with millions of dead fish. It was not red tide but some type of sewer leak creating a huge fish kill. The stench of rotting fish was immense. None of the local real estate agents were relaxed when showing waterfront homes that year that is for sure.
    13
  6576. A few years ago I rented a 3 bedroom house across from the beach in Daytona. It was through HomeAway/VRBO. House was nice - Daytona is not for me - too commercial and busy, less culture and more business. This house had a nice little back yard which they had turned into an official animal sanctuary, lots of lizards, birds, etc. They had a grill and patio furniture. It was a nice experience. I preferred going up to Ormand Beach because the beach is much less crowded that walking across the street to the beach with lots of people. I remember at the time, there were many VRBO house rentals through VRBO/HomeAway.
    13
  6577. The shut down, relief checks (🤦‍♀️)and more relief checks, turned a lot of people into a bunch of lay around and wait for the next hand outs. Now there are businesses hiking their base pay just to get people to work them. Seriously, I’m still seeing some posts where they are still hoping for another handout. The shut down screwed up everything. 😑 Thank you for the update Michael. Love your logic and wisdom. ✌️
    13
  6578. I was at Dania Point today- walked into several stores, packed like it was the 90s! I was thinking, “where are they getting all this money from??!” I will be watching this clip and commenting after! I’ve been waiting for this one! 🙌🏻
    13
  6579. You live in Florida. You keep mentioning reasons not to go there, yet you stay.
    13
  6580. Best videos on you tube!!!
    13
  6581. you cant get ripped off by insurance if you dont have insurance
    13
  6582. We are definitely seeing that. Especially with older people that had a 8% or so mortgage previously and figured out how to live with it before. They just refied that 8% to 5% when the rates dropped.
    13
  6583. Hi from Australia have a Great day and Thanks again for the Updates.
    13
  6584. of course there is going to be more crime rate in Miami ,cause Miami is a city. Miami is for the rich, if you ain't got money ,do not live in Miami
    13
  6585. My cousin lives there so I’ve been to visit a few times and the villages is awesome! It’s a whole vibe. I might move there when I’m older.
    13
  6586. Businesses are NOT struggling. They have been increasing profit yr after yr. Also price gouging for years and people are tired of price gouging. When CEOs make millions, you know that the company is doing fine.
    13
  6587. This is barely mentioned, but Insurance fraud also plays a huge part in the increase of premiums. The Coalition Against Insurance Fraud indicates that fraud costs businesses and consumers $308.6 billion a year.  Additionally, the FBI estimates fraud costs the average family between $400 and $700 a year in premiums.
    13
  6588. Do home owners run inside when you walk by ? lol These neighborhoods are like ghost towns.
    13
  6589. "Renting is a waste of money" 😄. So is interest, property tax, HOA, and all the maintenance costs! EDIT: and homeowners insurance!
    13
  6590. You are getting better and better with your presentations. What an articulate speaker! Add in factual and interesting and you are a winner. Thank you! As a Florida resident looking to upgrade my home, the timing is off for me.
    13
  6591. Lack of inventory is true but that could easily change if institutional investors liquidate. This is a real possibly depending on bond yields. Same with AirBnB. That model has never existed/been tested in a recession.
    13
  6592. Glad I never got into the CONDO life ❤😅
    13
  6593. I remember a lot of reverse mortgages were popular around 2010. Seemed like a scam to me. What ever happened to the people that got into that mess and the housing prices appreciated considerably since then?
    13
  6594. Great news! Keep those rates pumping higher👍🏻
    13
  6595. Hi, Michael. Please tell Lissi we say, "Hello!" Thanks for the video, and have a great evening.
    13
  6596. My son suffered for years with seasonal depression, I know that moving to Florida for us was a great move. It took many years but was the best decision we ever made. We moved here for many reasons, Our lives have been so much better since we moved here, sure we still have some struggles, who doesn't? But we do more now than we ever did in Illinois.
    13
  6597. Spot on again. I suspect this next housing correction with be worse than the last one. I can not understand how people can not see it coming. Keep up the good work.
    13
  6598. Believe it if you want. Banks shutting down, people not eating out as much, utilities up crazy. Man please.
    13
  6599. Damn dude. 1 minute and 17 thumbs up. We don't worry about the exact content, we just know you are dead right.
    13
  6600. Thanks Michael, I'm in NJ where a crappy little starter house costs a million bux 😂
    13
  6601. Welp, when home prices drop 50%, I'll be happy to buy.
    13
  6602. Michael is crushing public filming. So many looks haha. 👀 Keep it up! We love you guys!!
    13
  6603. Prices that have went up for younger home buyers: -property taxes (since they're buying a more expensive home compared to 30yrs. ago)(Prop 13 for CA) -borrowing costs for mortgage -insurance (earthquake, flood, etc.) -repairs (since many homes are older and need work done) -Multi-family conversions and office conversions since more work from home
    13
  6604. Glad to see you are safe after that incredible weather. Agreed, they need to let the market work itself out. The sooner it goes down the sooner we can start to recover and climb in price normally again. The first step to recovery is admitting there is an issue which they refuse to admit.
    13
  6605. Nobody want to EV The unreliable
    13
  6606. Tampa Rules...Clearwater Beach so close and so Awesome!!!!!!! Downtown St.pete just as close and almost as Awesome Miami..Orlando both Dope those are my five favorite
    13
  6607. Well that was depressing
    13
  6608. I'm in San Diego County, California. Same neighborhood for decades. Each year my property insurance has gone up. This year my policy cost more than doubled, with no changes to the house. Great, they didn't drop me, but the increase is insane.
    13
  6609. My neighbor across the street has 14 rental houses, every one of them looks like a teardown. She rents them to illegals who pay in cash and like clockwork. They move out, she does nothing and the next tenant moves in. And the rents are ridiculous. It's just crazy but she made me realize slum lords make a lot of money. Oh, she uses a realtor to handle everything associated to renting these dumps nd spends her time traveling the world. As an example, she bought one dump for $30K, did nothing and rents it out for $1950/month. I think it's pretty tough nowadays to do what she did because many people realized how much money there is in that particular market.
    13
  6610. Finally, I appreciate you and other great tour people letting others know in general what us attractive in their part of the US. And to get a feel of the different scenes in great cities is so grateful. Again that you for your travels there in Florida.
    13
  6611. Cold snap in Florida! Brrr! It's 74 freezing degrees in Tampa Bay. 😅
    13
  6612. Must admit I am always surprised at how new build housing in the US can be such low quality. Those staple on roof tiles are an absolute joke, ok for a garden shed, but a house? Seriously. Worse still is underneath is OSB (Orientated strand board) (Basically the rubbish off the logs that is glued together into a sheet) which has limited ventilation and thus susceptible to rotting out. A roof should last 50 years. Use concrete tiles or slate or pottery tiles on top of roofing battens. The same applies to the absolute rubbish on the exterior walls. Plenty of these new build houses are not long term assets, they are maintenance liabilities. Surprised that banks even lend on such poor quality construction.
    13
  6613. 20 yrs ago i chose to become a single mom and now that the kids are grown and graduated I can make that move to a place with more opportunities and lots to do.
    13
  6614. Merry Christmas Michael, always enjoy your videos. Right out the gate you grab the viewer’s attention and keep it flowing with interesting information. Really loved this one, our government aid needs to start here at home, health care, infrastructure etc. wishing you a blessed new year…
    13
  6615. Hi Mike …this is Kathleen baby boomer 1964… working to the day I die. I have no investments. I never owned a home. I raised a son on my paycheck. I never got child support. I paid for my son’s braces and college education and his car. I never got my college paid for by the government. I never got money for child tax credit. I never collected unemployment from state or federal government during the pandemic. . I have no husband or boyfriend . Nobody ever cared for me or loved me. I never asked a man to pay my bills. I have no jewelry. I never ever inherited money. I am not a rich baby boomer. I have not been out of state since 2017. I do not travel. I will work till I die and give everything to my son
    13
  6616. Thanks, Michael! Great question! I've been preparing for this for years. I knew when they deployed the Scandemlc that it was the next step in their SDG and CBDC. So I'm doing well and living my life. But most others I know, white collar mostly, are struggling. If you have a skill, are honest, work hard and treat your clients well, most likely you are as busy as you want to be. Blue collar is the future of America, at least any part that Ai can't replace. Imho, America is in deep merd. There are SO MANY ECONOMIC INDICATORS TV that point to 🚨 Keep up the good work! I'm in South FL for the winter from CA!
    13
  6617. No HOA should be able to put your house up for auction for some back HOA dues or trumped up tickets.
    13
  6618. Sounds to me like that whole area is going to be a ghost town for a while. And by the time they get things ready to be rebuild the market might be in a whole different direction.
    13
  6619. I'm still coming!
    13
  6620. I’m glad my car and motorcycle is paid off. I thought about upgrading my car, but I don’t want any payments and my current car is fuel efficient and works great!
    13
  6621. While I was growing up, I also had the same attitude you have. I did not want to depend on government for my later years. That is why I got into real estate as a side hustle. I was able to replace my working income with rental income and retired early. I'm debt free and cash rich, (gold and silver as an inflation hedge) waiting for the next downturn where I can double my rental income by getting another property. Never underestimate gold and silver as an inflation hedge.
    13
  6622. Work from home is here to stay. Farmers has financial issues with too many policies that were poorly underwritten and is doing this to lay people off.
    13
  6623. We have always been a spending nation; full of consumers. I remember the lifestyles people had in the late 90s during that boom. After the 08 debacle, for a few years, and the stats prove it, we did cut back. But it seems like from about 2013 on, people have just gone crazy as if it were the roaring 20s, where it now looks like a spending addiction. I'm not so sure people's spending will decline even with high layoffs, less equity and wealth, and higher interest rates. People have lived it up well for over a decade now and that is simply hard to stop.
    13
  6624. Where does our governor propose the homeless go? I doubt there are enough shelter beds for all of the homeless.
    13
  6625. I think the government should ban institutional investors from buying single family homes and apartment complexes or even limit how many homes they can buy in a certain area. It's criminal IMO that they're allowed to essentially buy entire neighborhoods. I also don't think anyone should be allowed to do short term rentals in residential neighborhoods. They're supposed to be communities for families. No one wants to live next door to one of these party places where the people there have little regard for anyone but themselves. I think local governments are just getting tipsy on all of the tax revenue generated by these huge sales.
    13
  6626. I never understood how they never had money in reserve in the first place… but let’s say everyone paid, and had the means…. You then need to hope none of the board members are on the take or that they actually keep up with what they are supposed to do with maintenance
    13
  6627. Are you going to San Franshitsco? Lol...take your AR!😂👀
    13
  6628. What bank will give a potential homeowner a loan that has deep trouble asbestos, mold. Inspectors who come on behalf of the bank will never pass it
    13
  6629. Well, at least I can chill knowing that renting is my only option. Got kicked out of the Denver market last year, and there's no way I'm getting back in at these prices unless they drop by like 40% or more. Crazy, right?
    13
  6630. 2008 crash started in the real estare market. Not the other way arround, as you seem to suggest. Not saying it could not happen, though.
    13
  6631. Glad you guys made it home safe. I bet Lisi is happy to see the 🐕 's❤
    13
  6632. You're fast becoming one of my favorite YT financial channels. This info is pretty damn spot on w/what's happening in the housing market. Keep up the great content and enjoy the Bay Area, my home that wish I could move back to instead living in the sh!thole of a metro area called Phoenix/Scottsdale. So overrated and feeling more and more like L.A. East.
    13
  6633. 8 of my 10 deals this month are refi, people are trading in their 3% for 8% because they no longer qualify for a home equity loan and it's thier only option to consolidate debt and not lose their home. There is still refinancing business out there as long as people have equity and access to credit
    13
  6634. Back in 2004-2007 "ATM-ing the house" was the same pattern. HELOCs hung a lot of homeowners, refinancing to get cash abounded. I am well below my means at about 26% of my gross on rent, and that includes rent, underground parking, and all common area charges. I have no repair or maintenance costs, and Redside Management ROCKS. Was it you that explained how rich owners are using these empty rentals to secure some tax advantage via depreciation?
    13
  6635. Ocala seems affordable. Maybe I’ll get a condo there in retirement. I can drive to the beaches
    13
  6636. The developers are basically digging their own grave. Once people realize that "owning" a condo is not safe, who is going to buy all the new much more expensive condos? By the time they demolish the old building and spend over a billion to build a new one double or triple its size. who is going to buy this ? If you live in an older unique building you are a target. Developers are determined to eliminate anything built in the days when Miami was affordable and attractive.
    13
  6637. Again, you speak so much truth! People with FOMO; college degrees that don’t mean anything; having to get a degree just to enter certain job fields. I’m like you too; I learn better/faster by watching someone than by reading theory/directions. Always love your videos Michael!
    13
  6638. People still paying stupid prices here in NC but junk houses are listed that I wouldn't even want for$200k. I feel like they are trying to appear strong because they are really weak. If not, they can keep it indefinitely.
    13
  6639. Good idea with the car vlogs. It gives me a better perception of Miami. Its actually very relaxing watching your video.
    13
  6640. I go to Ft Lauderdale/Miami every other month for work. Every time I think, "Man, I could move here", I quickly snap out of it when I find myself riding my breaks.
    13
  6641. I live in Nashville we have a homeless/affordable housing problem here, it’s upsetting. My dad went to skid row about a year ago, he told me if I had been there I would have probably had a breakdown. I can’t imagine that amount of taxation and having to see my fellow humans in living on the streets, that would be a hard pill to swallow.
    13
  6642. California has issued what's referred to as Right on Red tickets for a long time. If you fail to come to a complete stop prior to making the turn, it's a red-light violation. After learning the hard way, I started counting to 3 prior to making a turn. I know numerous people that have gotten the ticket. The attorneys gave him bad advice. I'm surprised it took 6 years to catch up to him.
    13
  6643. Thank you for all the videos brother!
    13
  6644. One of my best buds is 27 years old and still living rent free with his parents. If you ever need a room, I got a nice furnished guest room with your name on it Michael.
    13
  6645. I hope all the remote workers from out of state who manipulated the markets from the locals get hit hard when it comes time to sell and they have to go home
    13
  6646. This hurricane has also an effect on people's behaviour moving to states with high risks for storm and flooding!
    13
  6647. With the way things have been going it looks like I'll be referencing this video again when I move next summer 🙃😅
    13
  6648. For every dollar U own, there R 10 people trying 2 take it from u
    13
  6649. My good friend just listed his house in Henderson Nevada Saturday and within an hour got a full price offer that's crazy 😮
    13
  6650. I'd rather own dividend paying stocks than real estate.
    13
  6651. I pulled our offer recently on a beautiful historical property that’s nearly a hundred years old. It looks great on the surface but the few bandaids I saw are obvious as well. I slept on it and woke up the following morning regretting the amount we offered and immediately canceled without regret. We’ve waited this long — we’ll keep waiting until the time, home, rates and price are right.
    13
  6652. I think that due to remote work, many residential property prices are sort of normalizing across the nation. With the exception of super high-end homes, the average home price will be roughly the same regardless of location, with some pricing in of local property tax levies. So a $400 k home in Houston or Miami or NJ or Seattle etc will be about the same product.
    13
  6653. 4300$ a month...really...omg
    13
  6654. Here's another realtor scam: Realtors create "Teams". When you interview them as an INDIVIDUAL AGENT on properties they sold (to gauge their experience/success), they quote you on what their "team" sold (like 5-10 agents?) as opposed to what they as an individual agent sold. "....yeah I (.....ehr, my "team") sold $20 million last year....!
    13
  6655. We also have that Pew survey that came out a few weeks ago that showed 63% of young men between 18 and 29 have no or little interest in dating. Which means more smaller one occupant homes in the future. The other side is with a sudden drop off of children born, mass lay offs in the school systems and in the next twenty to thirty years. Then add to that a major labor shortage that this country has never seen before. One of the big Wall Street firms projected a couple months ago that 45% of women in America will be unmarried and childless by 2030.
    13
  6656. I invest in real estate where I live in Canada and have been looking for a way to move my business to Florida. I met with a handful of realtors in Fort Myers last week and all of them told me the market is strong and will continue to be stable. It's unfortunate but I have yet been able to meet a realtor that I fully trust.
    13
  6657. This is why I tell every buyer to get a homeowners quote before they even write an offer. No reason to pay for appraisal and inspections if the insurance is a deal killer
    13
  6658. They shall keep asking. Looks worth maybe around $265,000
    13
  6659. Agree, property values don't always go up, there's definitely peaks and troughs. It's a case of long term assumptions, and government policy.
    13
  6660. Fast food businesses going bankrupt is the best thing that could happen for America. The damage these places do to the health of our people is huge. I can tell you it's not a big problem in CA because the unemployment rate is so low there are many businesses that can't find workers. A $20/hr wage is not "artificially high" as you suggest, it's exploitation of the labor market to pay less in this market. The truth is people in fast food places already make $18/hr because you can't find anyone to work for less here... Let these laid-off fast food workers get even better higher paying jobs that are going unfilled in CA! The trades are desperate for workers, train fast food workers (that serve death in Styrofoam) to do carpentry, drywall, masonry, electric, general labor and other high demand and better paying jobs. Stop acting like fast food workers making more money is somehow a bad thing... in every way rising wages at fast food joints is good for the community and the nation.
    13
  6661. In 2019 the average time for a home to sell was 70 days. That's 2 months and 10 days. Right now if a home doesn't sell in a month people act like it's a sign of a crashing market. That's because people's got used to seeing homes sell 3 days they assume 2 months is a bad thing. This is just a sign that the housing market is back to normal. The fact that sellers drop their price after 2 weeks just shows that people have short term memory if how long it actually takes to sell a home in a normal market.
    13
  6662. Our government, greed for money, work ethic, if these things don't change, this house of cards will continue to fall.
    13
  6663. Congratulations Michael 200k+ 🎊 👏 💐 🥳 You deserve it, so happy for you. Hope you and Lisi are celebrating 🍾 Thank You Michael and Happy Wednesday!
    13
  6664. The demand will be "insatiable" yes, but at bargain prices. People are sick and tired of paying these insane prices. Rent and sale.
    13
  6665. My current home in a large cul-de-sac of 36 SF homes. No HOA until this year. We all agreed to hire a security company and will all use the same landscape company. By all of the homeowners agreeing to this, we now get the security & landscaping at a much lower cost. It used to cost us around $7000/yr. for the landscaping , now we are paying 25% less. The only issue was getting everyone to agree who to use. We voted on it and this will be our first year doing this. The one benefit is that everyone will get their lawns cut on Thursday / Friday which now gives us all a weekend of pleasure instead of all the gas blowers going off at anytime. Plus with many children in my area, security is paramount for us all. We now have cameras and a full time person to keep an eye on peoples homes. -
    13
  6666. The crazy thing about this time compared to 2008 is that in 2008 rent was more affordable. Usually when buying a house is high cost, renting is low cost and vice versa. That's not the case now. They're both crazy high. I own my home outright and can sell but don't want to buy right away because what goes up, always comes down. Historically it always does. These highs come in cycles. But in order to sell and not buy, we'd have to rent and rents are just crazy right now too. Another problem we're having at least in my area of West Kendall is companies are buying homes for cash just to rent them out. Neighborhood gets trashier and trashier the more renters we have here. The majority of renters just do not take care of properties like homeowners do, sadly. It seems that these prices are affordable only for investment companies and not families.
    13
  6667. Love getting payment but don't like to pay claims as many other insurance companies keep leaving for years
    13
  6668. Michael, are you guys considering staying in California? It seems about as expensive as Miami but without the nasty humidity?
    13
  6669. That intro!!! Awesome!!
    13
  6670. Second thought, the reason they want them back is due to the real estate they own. Prices on commercial real estate are collapsing..
    13
  6671. Not a big fan of most collabs but you two work well together. Nice video 👍
    13
  6672. I started to see housing price softening in my area ....
    13
  6673. Good video post, Michael. This definitely displays a picture to any American who has taken their liberties and opportunities for granted.
    13
  6674. “Real Estate Experts”(Real estate agents - desperately trying to hold on to higher prices = higher commissions)say what is stopping this from being the 2008 meltdown is this: The driver for that bust was the subprime mortgage meltdown, risky loan products, and borrowers that had gotten loans they were not qualified to get./ To me it sounds like that void is going to be filled will Cash Out Refinance Loans…This will end up in the same 2008 results/Foreclosures.
    13
  6675. i know someone who just bought a house.. people are absolutely clueless rn & do not care🥴
    13
  6676. I personally know of three cases of PPP fraud: 1. A Youtuber in the Philippines formed a phony business in the States and got a PPP loan which he's never repaid--he won't ever return to the US because he's afraid of the authorities and does visa runs to Thailand every few years; 2. One of my neighbors who owned a one-person business claimed she had employees and collected a PPP loan that she used to buy a new BMW and to go on vacation to Greece when restrictions were lifted; 3. My former landlord, who got a PPP loan and still laid off some of his employees. PPP funds was very poorly monitored, whether by incompetence or by design, and there was rampant fraud.
    13
  6677. consumers are indifferent to debt and banks are desperate for customers
    13
  6678. There are a lot of great things about small towns and the Midwest.
    13
  6679. Pricing just needs to come down. It's all fake and will have a major drop when the debt market crashes
    13
  6680. Remote work will end. You will be a slave, work wherever they tell you to work, and love it.
    13
  6681. You are a voice of reason Michael. I appreciate your words! 😎🐊🤝
    13
  6682. I'm always amazed that you can always keep your train of thought "right on", while you keep us all informed on these complex issues in the real estate market. I know I could not do it bud. Thanks for all your hard work.
    13
  6683. I live in the Atlanta area and our prices dropped about a year ago but now are once again rising albeit slowly.
    13
  6684. At the absolute height of the market last year, I had a lender tell me "rates will be down next year and you can refinance" on an ARM. I am so thankful I didn't listen.
    13
  6685. As stated before. I'm putting my 600 grand, which is extra money that I was going to buy a house back into a Treasury, a Money Market, and a CD. I refuse to play the artificially made bubble made by speculative market. And even how fast the prices are in decreasing, (IN SOME AREAS) It will NOT go down far enough to reach parity with what the housing cost Should be. Been doing this for 38 years... I'm no fool in dealing with financial industry. I'm just too blunt dealing with talking heads in the industries I deal with.
    13
  6686. Some friends from Baltimore bought a vacation home near Fort Myers, and they had squatters break into their house and make a mess of the place. They also had to go through the entire legal process of removing them from the house.
    13
  6687. The peasant's rations are enough to keep them fed
    13
  6688. Some people have resorted to temporary Van life to save money.
    13
  6689. Still not taking the bait
    13
  6690. I know several realtors and they're petrified and doing anything to dismiss pessimism.
    13
  6691. We actually brought in 2016 because it was cheaper then renting. Now we are renting because its cheaper then buying.
    13
  6692. There might not be much left after Milton.
    13
  6693. Our condo policy in St Pete on the Tampa Bay went up 300% which caused a 36% rise in all our Hoa fees at a minimum it is $700 per month for sub 1000 square-foot condos.
    13
  6694. Outstanding video!!! I have to constantly de-program myself from associating my value as a human being with home ownership.
    13
  6695. No EV for me Replacement batteries are very expensive and renters only have public charging stations which are efficient.
    13
  6696. Michael, enjoy Marin, I did that commute from SF to San Rafael for many years back in the 90s. You cross the Golden Gate Bridge, and it feels like you are in a totally different part of the country. If you haven't done that already, go hike Mt Tamalpais and you might also want to visit San Anselmo and Fairfax, nice sleepy towns. Have fun!
    13
  6697. Been a regular viewer for almost a year now, the quality and the wisdom in your videos has really gone up a lot, keep making these videos, people will catch on soon
    13
  6698. Biden is making life affordable..... main stream media said so.... so that has to be true....😂😂😂
    13
  6699. You always make very excellent videos sir.
    13
  6700. I feel like most new construction in the Miami- Broward areas are either in an HOA or 55+ communities. No way I’m buying in a association. I’m not paying that much money to have ppl telling me what color to paint my house or when is allowed to decorate for Christmas.
    13
  6701. The Greek definition of mortgage it's called Death pledge because you sign your name over for 30 years and then die
    13
  6702. Thanks Michael 👍
    13
  6703. Hi Michael! Another incredible video! You are so smart and have so much common sense. A lot of people either don’t want to face reality and are in complete denial about this and so many other things! Everything is about to get very real, really fast. Thank you for all you do!!
    13
  6704. $hit is gonna hit the fan real soon guys!!!!
    13
  6705. House came with built-in fire extinguisher system provided by rising sea levels
    13
  6706. Thank you to our host for this sunny-afternoon walk around today beachside. We always learn a lot
    13
  6707. Economies collapse when money stops flowing. Since the consumer isn’t buying and taking out loans, congress keeps money flowing by spending with their no limit credit card.
    13
  6708. Just a prospective from someone that lives in a large hot housing market in the south. The entry level home market in this area (all A level parts of town) pre pandemic was 200 - 300k and the next level up was 300-400! You could find very nice homes in the 400 - 600k range, and 600k plut was custom luxury house of 3k sqft and up. Prices in this area in the last month is as follows, Entry level 350-450k, next level 450-550k, very nice homes 550-900k, custom luxury home 900k plus. It's bonkers, however I noticed that the high renge of the entry level homes are hitting a celing and if the home is not that nice it is sitting a while, the higher end homes are also sitting on the market longer, only the low range of entry level homes in good shape are still selling in weekends with many offers. So there are signs of slowing but still hot AF.
    13
  6709. Michael, I like your "cash currency" better than any other digital currencies. I remembered beginning of 2022 or late 2021, many experts from main stream media claim Bitcoin will hit $100K per coin by end of 2022. Then it went up to $66K/coin, and now it's $19K/coin. I will not invest my hard earned cash into digital that I don't understand how it works. For the layoffs, it always happens around Thanksgiving and Christmas regardless of your dedication and degree. My previous employer cut 270 people (one of the many departments) overnight. My boss walked me out, then his bigger boss walked him out 2 wks later. My boss and I both ended up working together at different employer and we both laugh at what happened. I really love and hate Thanksgiving and Christmas at the same time 😀
    13
  6710. Could have seen this coming from a mile away . As Property goes up in Value . Everything else goes up as pertains to that Property . Taxes , Insurance , Maintenance , Repairs etc , etc . Many on Fixed Incomes could find themselves in serious trouble if this upward trend in Property Values continues .
    13
  6711. Thank You Michael and Happy Friday!
    13
  6712.  @joeswanson733  He's got the gift of gab. Maybe he's Irish and kissed the Blarney stone lol. Classic salesman, it's a talent that can't be learned.
    13
  6713. Landlords now are jacking up rents a lot when it comes time to renew a lease.
    13
  6714. Prepandemic, I was looking at a house in Flagler beach, which at the time was less that half a million. Property taxes were 8,500 and insurance was another 6,000. So, basically, when you own your home outright, you still have to fork out 1,200 a month. Ridiculous. I walked away without hesitation.
    13
  6715. Not gonna lie it infuriates me when U see how much people are trying to sell theor homes for 50-100% more than they paid for it. I was interested in a house that was around 350k and they paid like 190k for UT just a year or so ago. I refuse to buy a house like that. I'll just wait until they are begging me to buy it for 250k
    13
  6716. Michael, I'm back 🙂 Your videos are so informative. Check fraud is real for sure but I'm old school so I use checks all the time😳 Watched entire video a 2nd time as always! Lisi!! Hey hey 💗🤗
    13
  6717. Well done Michael. As a recovering Realtor you covered the potential problems with this verdict. This is going to create a mess no doubt. The 6% business model has worked well for decades, god help us what takes its place! Where NAR got into trouble was when they agreed to let Zillow and all the other sites advertise their listings, that's when they lost control. If NAR had a pair they'd take their listings back and make customers use agents to see what is avail.
    13
  6718. Lived in CA for over 20 years as well as other places out west (Portland OR, Sedona AZ etc). California was in my opinion the greatest place to live 20-30 years ago or more. The secret got out....most desirable areas are over crowded. Quality of life is not what it once was while the cost has increased exponentially. While i never expected to be in FL, last year moved to SW Florida and am living the island life...
    13
  6719. Thank you Michael for not totally depressing me with this video.
    13
  6720. Biden said everything is fine and he never lies .
    13
  6721. Destin area beaches are rated to have some of the clearest water in Florida. So seeing dark green water is disappointing.
    13
  6722. A Superior Court judge has struck down the county’s extended 30-day eviction notice requirement for some COVID-19 rental debt, can you believe this is still happening in 2024. Crazy.
    13
  6723. I know someone from NJ, and it took 9 years to take it. Have a friend in Staten Island NY, and it took 11 years to take it. That was the results from 2008.
    13
  6724. I've been living paycheck to paycheck for over 30 years, 51 if I started working after birth lol!
    13
  6725. Once we are all homeless, and can't afford food, etc......what is their plan then? Lol.
    13
  6726. It’s actually my dream to live on the beach, waking up with this view. I do have an apartment on the beach in Spain, but I can only go when it’s vacation.🙂🙂
    13
  6727. So what your saying and liberals should understand. Don't California or New York our Florida! Know the reasons your leaving your state and Don't turn it into the same state you previously left.
    13
  6728. I purchased a waterfront townhouse in Eastern Shores in 1992 for $115K; sold it in 1997 for $132K. The same unit just sold last month for $690K!
    13
  6729. economy is total trash and we are being lied to. I am almost always busy in my business. I have been down 90% since oct 2022. Only thing making me any money and not enough is youtube.
    13
  6730. QUESTION: Why don’t you tell people about owner financing, buy the property on a real estate contract, from the owner and skip the f ing bank. Done it for over 50 years
    13
  6731. I wouldn't borrow any money from any bank right now. Maybe all of 2024. The probably of an economic downturn is very high.
    13
  6732. Good info as always! I couldn't live in Orlando, just couldn't do it. I don't see the point to living in Florida and being so far from the coast. Great place to visit for fun and things to do. What gets people about the heat is of course the humidity more so than the actual temperature itself (although that's high too). But up north even when it's hot typically it cools off more at night than it does down here. Thankfully we have AC!:)
    13
  6733. “If you believe this crap, that’s good news!” Had me cracking up!
    13
  6734. My union just negotiated to have remote work be considered a standard tour of duty. We are hybrid but work mostly from home.
    13
  6735. Thank you so much for taking the time to share your in depth knowledge. Great video
    13
  6736. I have yet to figure out even one positive reason to change over to EV's. Not one. Something aint right about the whole darn thing. smh Thanks for another good video, Michael!
    13
  6737. It's only just beginning. Homes rose by an average of 40-50% from 2019-2021. There's absolutely no reason for that and now the market will not only correct, but WILL fall below that now that rates above 7% are here. In fact, the likelihood is that the lowest we will see will be 5% for the next 5 years or more.
    13
  6738. It has played hell on peoples mental health for sure the best we can do is keep the faith! I still have hope!
    13
  6739. That vibe in west palm beach is wonderful, it’s the first time I hear about it.
    13
  6740. 2023 is going to be the year for bankruptcies and unemployment. Thank You Michael and Happy Friday!
    13
  6741. We sold our house in Fl two years ago. We are renting now because we are leaving the state in a few years. We are not young but I hate renting. They are raising our rent but for the new people it is cheaper. They said they dont lower rent. We pay on time and even do our own yard work even though we pay them a fee to cut it. They have not been here for almost two months. We will not be signing another lease. They have neglected their homes while collecting top rent. This place is half empty.
    13
  6742. We are so thankful for your sharing of wisdom with us. It has been my observation that many high earners choose to rent rather than buy, since most affordable housing is in less-than-desirable neighborhoods. As someone who falls into this category, I prioritize safety over buying a home in an unsafe area - and here's hoping the market will soon drop enough for me to join the real estate market.
    13
  6743. Got lucky... my house in So. Cal. went in to escrow 10 days after I listed it!! 30 days away from moving to the Cape Coral area!! Scared and excited all at the same time. Thanks for your awesome videos; it helped make my decision!
    13
  6744. I can't get any type of service anywhere anymore. Everything you say is happening here (Virginia Beach area). Post COVID is bizarro world to many. Yes, I relate.
    13
  6745. Michael, thank you for all of your Videos, they make a difference!! Alex
    13
  6746. I don't know anyone who went to college to become a veterinarian, actuary, air traffic controller, forensic medicine, etc who is broke. People have been going to college for the wrong things, getting into unnecessary debt during college and not applying for grants, among other things that contribute to starting out behind the "8 ball". As a rural north central Minnesotan with the shortest growing season you can imagine- I, and my neighbors- have little sympathy for people who can push a seed in some dirt year round but are just too busy on social media to figure out how to feed themselves. Potatoes, onions, peppers, tomatoes, herbs, lettuces, beans, carrots, microgreens, etc are easy to grow on any patio or deck. Americans aren't broke enough or hungry enough yet. Priorities are backwards- and that's no lie. Everything on your subway sandwich or next to your steak can be effortlessly grown literally in your own back yard. Cut your social media and entertainment time in half and learn to push a seed in some dirt before you head to the restaurant or beach. 🤷 Just a thought 🤔
    13
  6747. I think this issue is a lot more complicated. If John makes an extra $333 payment towards the principal every month so that his payments are the same as Carla then after 7 years johns loan balance is lower than Carla’s and thus has more equity in the home than Carla. If John puts his extra $333 of loose change that Carla doesn’t have into indexed mutual funds, ETFs, and bonds that return 7% annually instead putting that money towards an extra payment on a 2.98% interest loan then he can do even better. Carla only comes out ahead of John if John blows the $333 in mortgage payment savings on stupid things like a nicer car.
    13
  6748. Pan am airlines went bankrupt back in the 90s and the pension fund was the largest bailout by the federal government at the time. Many pension plans are insured by PBGC which will pay benefits if there isn’t money from the company. I worked for a hospital that went bankrupt and our pensions were taken over by PBGC (Pension Benefit Guaranty Corp), a federal agency created to protect pensions.
    13
  6749. Still, overly joyed by the videos. Great content. God bless you and your family. Thank you for your work, time and knowledge.
    13
  6750. Florida is the best ,god bless DeSantis
    13
  6751. My last policy was $3300 a year and I live near Pensacola. One of my rentals I couldn't get coverage so I just got liability for 475 a year.
    13
  6752. I like the idea of owner occupant the first opportunity for the first 60 days. I live in the largest city in SD and housing prices have barely dropped and rental prices are very high.
    13
  6753. My dad has rubicon jeep wrangler.❤ My dad almost brought a Tesla. He put a downpayment on it and everything. Then when he saw on the news about the young man driving down the Pennisula of the SF bayarea was in a Telsa had an accident and the car caught on fire several years ago. Sadly the guy didn’t survive the accident and he couldn’t get out once the fire started. My dad called Telsa and got his downpayment back. He refuse to purchase that death trap. MB:update the sf Safeway that was closing in March will now close at the end of 2025 due to the intervention of the mayor of SF London Breed.
    13
  6754. When a government or entity allows you to do something on your so called property, in actuality the property doesn’t belong to you (your actually a renting and the government is the owner and the result is your not free but a slave
    13
  6755. Don't want to work is an understatement. They're unworking. Parents feel bad for raising bums, so they keep 'em like a man would a mistress.
    13
  6756. The color is wonderful in this video and I feel like I am walking down this street. This is why people move to Florida and California from places like Ohio.
    13
  6757. Hiii Lissy! Love you two! HAPPY B'DAY!!!💕
    13
  6758. Dream House = PAID OFF
    13
  6759. So sad that nothing is being done to curb these corporations from investing in real estate and continuing to make housing less affordable. I don’t know what people are going to do. There will be a lot more cash poor people, due to this! I like this new neighborhood! Thanks for sharing your insights!
    13
  6760. Half the country could care less, they are the happiest when your taxes go up so they can get a raise on their ebt welfare card
    13
  6761. House prices need to correct 30% to 40%, which will drive back down property taxes. Then the corporate money will go back into housing, and the whole thing will start over.
    13
  6762. i cant afford these triple housing prices. Got 20k saved up but geeze 250k for a house that was 80k just two years ago is insane. ill keep waiting and saving.
    13
  6763. I'd be curious to see the percentage of people that say they can't afford a home, really means they can't afford in the city they liv in. There's still a ton of affordable real estate maybe just not in the city you reside.
    13
  6764. Thanks, Michael, for all that you do. Always useful information. I was a teenager in 1980 and my regular Bank of America savings account gave me 8-9% interest. I thought that was the way it always would be. Now I can put my money under my mattress and get just about the same as what BofA is giving me. Ha!
    13
  6765. We bought our house in 2019 and refinanced in 2020 at 2.7%. Best decision we made.
    13
  6766. If you can afford 3000 or more a month you will probably be buying
    13
  6767. Our monthly trip to Costco used to cost $250-$300. Now it’s costing $450-$500 for the same products.
    13
  6768. Thank you for the daily update on these real estate issues!!! 🕵️📝🏡🏘️
    13
  6769. The only way you're basically going to buy a house and not have stress and not have regrets you better have a good chunk of money in the bank because unexpected Financial situations come up all the time there's nothing you can do to avoid that
    13
  6770. Venice FL is a beautiful little beach town🇺🇲.... glad you survived commiefornia Mike lol.. welcome 🏡
    13
  6771. The area of this video is much nicer than the area where the properties are 2x more expensive.
    13
  6772. Sellers becoming landlords... because they can't sell without a loss. They forget there is rent bubble too and it is about to burst along housing correction.
    13
  6773. I'm surprised whenever I see a home come on the market for way over its valuation price. Or that some homes NEVER go down in price. So strange given the current situation.
    13
  6774. My car insurance increased by a thousand dollars when I renew it 2 weeks ago! (Tampa - FL)
    13
  6775. Does nobody in Florida get ticketed or towed for parking on the lawn or sidewalk?
    13
  6776. There are no $450k homes. Those homes have now doubled and tripled in price in my area since 2020. People are trapped renting $4k per month homes and unable to save without getting secondary income.
    13
  6777. I was one of the ones who left Florida, but that was because of family problems. One year later and I'm making plans to come back.
    13
  6778. And now you have to add a receive address for payments in crypto Michael. 👍
    13
  6779. Miami, the sunniest, shadiest place on earth possibly!
    13
  6780. The cost of housing over here on the Gulf Coast is OUT OF CONTROL. SO BAD that Naples is having a HUGE employment crisis since a 1 bedroom is going for like $2700 a month now. The people who work in the service industry and retail cannot afford to live here anymore so they are leaving. Every restaurant and store is understaffed even our police force is understaffed. It is a total disaster. Greed is all it is, pure greed by the big corporations who own all these huge apartment complexes and greed by landlords who refuse to do the right thing and rent for fair market value instead of some ridiculous magical formula they have concocted.
    13
  6781. We're considering moving to FL in a few years (to get away from CT winters, taxes and Dem controlled politics) and a few family members who are trying to discourage us keep saying FL is going to have to institute a state income tax in order to pay for all the people moving in. Something to consider since don't know how much tourism revenue can support all the influx of people
    13
  6782. I was born in Miami and lived there in the 1960s, 70s & 80’s. My family lived in the southwest section of Miami (near FIU). We had a brand new 3 bedroom/ 2 bath house on a nearly .25 acre corner lot on a canal. My father was a union pipe fitter/ welder and my mother worked part-time at a Hallmark store. Our neighbor across the street was a photographer for the Miami News and his wife was a legal secretary. They had 3 kids. Another neighbor was a computer programmer at Eastern Airlines and his wife worked for an insurance agency. It makes me so sad that the average middle class family can barely afford rent today, much less a nice home in Miami. The government has stolen the American Dream from us all.
    13
  6783. Once the civil war in Texas kicks off home prices should really start dropping Look at affordable homes now in Ukraine , Syria, Afghanistan, Iraq, 😂
    13
  6784. The value is in the land
    13
  6785. My heart goes out to affected famillies and friends.
    13
  6786. People need to learn what are wants and what are needs and save for that!
    13
  6787. I cant wait for 2024 when we're talking about what to buy. All my favorite Real estate content creators linking up. Great minds think alike.
    13
  6788. Rental complexes are popping up all over my area. It is a business as they know the fed is paying a percentage of peoples rent. So more rental complexes and more rent increases off of section 8.
    13
  6789. I'm packing my bags now 🏃‍♂️ 🏃‍♀️ 💨
    13
  6790. I totally support this proposed bill.
    13
  6791. I love all the trees in that neighborhood :)!
    13
  6792. Here in Austin, we went from “fore sale” to “ for rent,” and the rents are exorbitant. Could it be the work-from-home crowd is getting out of dodge because they are upside down?
    13
  6793. $20,000 for taxes! Wow!😳
    13
  6794. Interest rates will not be coming down for a long time. Bank of Canada rate is now 4.75% with more rate increases to come. Same for England.
    13
  6795. Very often. The more money someone has, the more tight wad they become.
    13
  6796. Thank you Michael for sharing these videos ,and if people don't understand what's coming down the pike it's going to be there fault we love to hear your views you are right on, the scenery is just beautiful Let us know if you bump into bigfoot because you go into some isolated desolated land
    13
  6797. Sarasota is also great for the arts. I've been here 49 years so I just may have a clue. Cocoa Beach is a place for surfers!! 🌴🌴
    13
  6798. You are staying right at the "cutting edge" of some of the most important factors impacting the current housing situation. Keep up the good work, Michael!
    13
  6799. I've been at home full time with our children for over 18 years and probably need to start working or go on welfare 😢 for us it's the high cost of groceries that's hurting our family the most.
    13
  6800. This may have been mentioned, but if you buy and plan to rent out the property, what if inflation and jobless problems get so bad that there are not enough renters who can afford the rent -- then you could be stuck with a payment on an empty house or stuck paying part of the payment if you have to lower the rent in order to get a tenant. I apologize if this was already mentioned in the video :)
    13
  6801. Crooked AF condo operators. It's pretty brazen for them to think that they can make up their own rules to raise money for their association, while putting the condo owners out (confiscating their parking spaces - WTF). Especially when you consider that the money they collected from "selling" all of the parking spaces and not hiring the new, private trash company likely went into their pockets. I hope the police get involved, arrest and charge these people. What a bunch of corrupt mofos. Sickening.
    13
  6802. Wow, I had no idea this is how condos worked. Difficult situation.
    13
  6803. Wow .. the “Pandemic”apparently destroyed a lot of common sense and Critical thinking! On real estate and many other issues!!! Pathetic !!!
    13
  6804. Storms are going to get stronger as times go on. We are expecting the big one (earthquake) in California. The majority of property owners dont have earthquake insurance which is expensive. I guess all we can do is hope and pray!
    13
  6805. Like this talented guy. The way how he can say so many clever words and ideas in a non-stop way. I also like that he likes the beauty around him
    13
  6806. Some of the owners of investment property, especially in Broward County, and likely in Miami-Dade County, are freaking out due to the doubling or tripling of their property tax bills. These properties are being put on the market, but it is difficult for a new buyer to qualify because the property taxes are so high. For example, for a $400,000 house you're looking at nearly $8,000 per year in property taxes if it is an investment property.
    13
  6807. Anybody else ever hear this at work? "We're like a family here." Yeah, a family with members who will get laid off when things get tough. Imagine doing that with your real family! "We appreciate your years of service, Uncle Bill, but the family is downsizing, so I'm afraid we'll have to let you go. These decisions are never easy."
    13
  6808. Mike, I love when you pause and just show some Florida and give the convo a break, it's your signature. As to the hundreds of reasons people will give up their homes no matter what the market says, I have one of those reasons. I bought a home in utah last November, 700k at 3.5% 30 year fixed. Loved the deal. Put 200k down, mortgage was 2600. I continued to work in California and my family went to the new home. I went back and forth on weekends. Our plan was to do this for 1 year until I was comfortable looking for a high paying job in utah. We made it to about January to realize it was killing us. Between depression of being separated and rising flight cost, we were ready to chew our arm off to get united again and we gave up the house without a blink and sold it for 725k in May. That was never our plan buts that's life. Love your videos dude. Thank you
    13
  6809. Michael, I find your doom and gloom parade mildly hilarious. I get it, when I was your age, we all had to learn to play financial dodge ball and deal with very poor decisions which benefited Wall Street Bankers. Of course the S&L crisis and the Great Financial crisis was when politicians gave a loan to anyone with a pulse, bankers made big commissions and folder their tents and taxpayers lost their shirt. We got to keep an eye on our shirt or we will be shirtless before we know it. BTW prices are still going up in some markets, don't expect the world to end on housing prices.
    13
  6810. Just a tip in case you didn’t know you should be on the outside of the sidewalk to protect your wife. I’m not being mean. I’m a 77 year old grandma who misses that gesture from my husband. Maybe I’m out of touch and men don’t do that anymore. Take care. Lovely wife.
    13
  6811. Too humid and way too brutal hurricanes.
    13
  6812. wages sure didn't follow inflation rates
    13
  6813. I hope rents come down as home prices do.
    13
  6814. Association bylaws will be changed. Home owners will be responsible for all repairs. Emergency assessments will be issued and millions of dollars in emergency loans and fees will be implimented. Each home owner will have to pay either a lump sum or monthly assesment and they will not be able to stop hoa payments even during bankruptcy. Never buy a property with a HOA.
    13
  6815. What about me? I’m looking to buy my first home. Am I just chopped liver? The pain just gets shifted onto people like me who are doing the right thing and very patiently waiting for consequences to kick in.
    13
  6816. Noone wants to live within their means if it takes lowering their standard of living. We have all been spoiled by an artificially high standard of living. We may have to return to the reality of former eras. Prepare yourself, mentally, emotionally, and spiritually.
    13
  6817. Michael, CONGRATS on 85k!!! 🎉🍾🎈 You’re moving up fast, brother. 😎
    13
  6818. Dude you have been blessed c/ intelligence and the "gift of gab"! Thx for your renderings Man!
    13
  6819. Defund the HOA!
    13
  6820. You nailed it on no state income tax and we do not have to shovel snow. I'd rather turn on the AC then have cabin fever. I love Florida. I know I sound like a broken record but if this state turned liberal it will be super expensive to live here.
    13
  6821. Wow, I did not know NYC had rent control laws for over 100 years. It's been the most expensive place to live in in the US my whole life
    13
  6822. I'm beginning to see the price drops in Macy's
    13
  6823. It's POINTLESS to sell. Because anywhere else you go will be just as bad
    13
  6824. Thank you for pointing this out. I love seeing your perspective on other topics. I sell cars and right now we are giving well over 20% off on EVs just to get them off the lot and people still walk away.
    13
  6825. It's pretty rich though, that the IMF is speaking out now - its like calling the fire dept after the last ember goes out
    13
  6826. The real estate market always has a way of balancing itself out, the issue is, it lags, sometimes severely. Sellers are slow to drop prices to match demand, and having the unprecedented half a point interest rate hikes every month for like a year straight (that hasn't happened in my lifetime) made it even harder for that reality to sink in, and with a very tight supply, there wasn't much drop in price, nor reason to do it. The lag though, is finally starting to catch up and slowly the market will rebalance, it just doesn't unfortunately happen overnight, so it could be 6+ more months till we see an equilibrium point. Its not a crash, its not doomsday, just a rebalance that needed to happen and it will.
    13
  6827. The problem with a re-fi is, it turns your loan into a new loan again, and your interest gets front loaded again, so unless you get a shorter term than your original 30 year loan, you are essentially starting over new, and if you get a shorter term loan, your payment will be significantly larger and don't forget those closing costs.
    13
  6828. Home prices are in the demented clown world. Sellers are demented fools. Most people have lost their minds and live in a clown world, none of this shit is affordable.
    13
  6829. My rent has increased 33% in about 20 months time.... landlord told me the reason was, "so i can keep up my lifestyle".... wow.... i wish i could go to my boss and just say i need 33% more money to keep up with lifestyle.... i cant do that.... landlords should not be able to squeeze every last nickel out of their tenants simply because they can or they will be homeless.... let that sink in
    13
  6830. The idea that construction trades are something to be "stuck in until something better comes along " is the problem with this country. All my friends in the trades own houses, drive new vehicles, take vacations etc They are careers not dead end work. Perhaps getting your pretty hands dirty is the way to go and not some bullshit data entry from home so you can 'work ' in your pajamas while playing games online. Get f-ing serious and be a grown adult.
    13
  6831. 85 thousand managers at ups is the problem,not the union workers.Its always been a battle,white collar vs blue collar.
    13
  6832. Michael, forget the haters!! Long time follower and love the content. Keep giving us great information.
    13
  6833. Michael, I live in a small subdivision, that sellers racked up this past summer, houses were flying off the market for sale, these hedge funds bought up all the houses to a week later but them on the market for rent, way over market price, now guess what, they could not rent all them and they are back on the market for sale LESS than what those hedge fund bought them for!!!!!!!
    13
  6834. Real estate insanity! Flipping is a real estate disease of the last few years! Sick! Not an investment.. just quick gains!
    13
  6835. I must say St Pete, particularly the downtown area, has really come a long way as far as development. I used to visit there in the '80s and 90's and it was a sleeper town but now you have beautiful high rises being constructed. Sarasota is also a lovely city.
    13
  6836. People living beyond their means
    13
  6837. This is lovely, Michael…. Bless you and your dad…two good people…🙂
    13
  6838. The barrier island that Champlain Towers was built on looks so vulnerable on a map. Just a narrow, sea-level piece of land.
    13
  6839. I bought a flipped home. It was poorly done. I have no one to blame but myself but I was in a situation that I needed to buy site unseen. Let’s just say the beginning of my headaches were the day I closed the key to the front door didn’t work. Sounds like an easy fix right? Nope it was a special europeon lock that’s strictly sold from Portugal the website had no phone number to contact them. I had to hunt down high a low someone that could help. It took over 2 weeks of using my back door as a front door. Like I said… that was just the beginning.
    13
  6840. corporate landlords rope you in with a less expensive 1st year, knowing full well how expensive it is to move and how much of a PITA it is to move, so you will stay a 2nd year when the discount expires AND they add a 5% increase on top.
    13
  6841. I know someone with a half a million in the bank and his house paid off Social Security coming in plus pension. he's starting to get scared can you imagine most people
    13
  6842. I know I am gonna get some push back from some people.i believe if you don't have kids you should get a discount on your property bill.i am not being a burden or strain on the system.i will be waiting for the 100's of negative responses to come flowing in.i will enjoy reading it.i am debt free and can do what I want with in the confines of the law😁🤠😀🇺🇸
    13
  6843. Not seeing many price drops in Colorado, but things have sure stabilized. It is still overinflated here.
    13
  6844. In The Villages they say your buying a lifestyle and not a home. This is very true.
    13
  6845. Root cause: SVB failed because of poor risk management, other reasons are secondary or part of this.
    13
  6846. I told someone who voted for trump, after the election, that any politician who didn't promise financial pain to fix the economy was a liar.
    13
  6847. Probably 75% of the avr Joe cannot afford even a 300 or 400 thousand home when you add all the other expenses that come with the home
    13
  6848. I’m sitting tight renting in Southern California paying off debt and saving up my down payment. Just got notice my landlord is increasing my rent $55 which keeps my rent well under market value for my area. Renting sucks but being a good tenant is going to pay off for me in the end. Never late. Took care of the place. By next year I’ll be debt free, down payment in hand, credit score over 800 and ready to buy. And my landlord has no idea I make 3 times what I made when I moved in. Good things come to those that wait (and use their heads)
    13
  6849. Phenomenal video, MICHAEL❤
    13
  6850. I’ve already decided to avoid moving to the west coast mainly because of the red tide. I feel like it’s so common in those areas. I also love the beach.
    13
  6851. I am on the fence about the student debt thing. Why should I pay for their debt? But then again, why should I pay for someone's homestead tax savings? Why should I subsidize someone owning a home with my tax dollars when I can't afford to buy something myself? Why should my tax dollars subsidize someone who decides to have kids? Insert this same argument for basically any tax rebate that the government offers. If they are going to bail everyone out, and maybe they honestly should, so that you don't just have a huge % of the young population living under crushing debt, then you literally have to fix the entire education system. You can't just give away free $ and then not fix the open wound. Universities hired so much non teaching staff in the last 20 years that its basically down right criminal. University does not cost this much anywhere else in the world. Many of these kids regret it, something like 1/4th of them didn't even finish their degree. I'd personally rather then have the $ to start families, businesses, take care of their elderly parents as opposed to paying off government owned and quite arguably predatory loans given to literal kids while telling them that they will be jerking dudes off behind a denny's dumpster if they didn't go to college. But this is def changing, most kids like Michael said, see through the bullshit now and won't fall for it like the older kids did.
    13
  6852. My household is high earning, with good credit and we moved into a manufactured home. We custom built our home in a manufactured home park. It was a very nice park, in a HCLA. We have since moved out, but after we sold, I found we paid roughly what we would have paid for a 2 bed/2 bath apartment in the same neighborhood. Instead, we had all the amenities of the apartment complex (except package receiving), our own walls, and twice the space. It worked great until an investment bank came in, jacked up the rent and pissed off the tenants. Effectively the bank ruined the neighborhood. After that we purchased more conventional housing, but many of our neighbors didn't have that ability. Clarification: keep in mind the cost of a manufactured home in this case is rent + mortgage.
    13
  6853. I always knew that long-time (by choice) renters like myself would be vindicated. The ironic thing is I could have paid cash for a MODEST home over the last few years,...but,..never wanted the hassles of being a home/condo owner,..and the lack of flexibility.
    13
  6854. Actually those people actual doing any real work are suffering..its those who don't work who are living well
    13
  6855. You are 100% CORRECT! I was born & raised in Miami, Florida and I got my real estate license in 1999, and I only did 3 deals in my very very very short time as a Realtor, because it's exactly what you have just said. Too many realtors in Miami. Stick with Youtube! #Bravo
    13
  6856. You sound like a mellow, easy-going guy.
    13
  6857. Weird the thesis is "remote wokers from high cost cities are driving prices in low cost locations" . If that's true then why properties in high cost cities are not still affordable
    13
  6858. This was great to watch. Very quiet area! I would probably miss the people watching. haha
    13
  6859. I want to move my family of 4 to Miami Beach. The peace and serenity is worth every penny!
    13
  6860. In my opinion Mortgage rate should be based on down payment The more down payment You have the lower the rate Because it less risky of default 👍
    13
  6861. Every city I've lived in is terribly managed. And City Managers get paid very healthy six figure plus all sorts of benefits annual salaries. Other city workers are also very well paid (e. g meter maids receive ~$120k a year). The reality is that increasingly, government workers are the haves and the rest of us are the have-nots.
    13
  6862. The $5 McDonald's meal may bankrupt them like it did Red Lobster with their "endless shrimp. It's hard for me to trust a $5 meal though. Are they using real meat? How can they still make a profit on $5 meal using real meat? I won't be eating their food without knowing what is in it.
    13
  6863. I’ve lived in south Florida for 5 years. I love it!
    13
  6864. Rents are insane though, especially in the Orlando area! Affordable housing is getting harder and harder to find.
    13
  6865. Everything cost too much
    13
  6866. Weather - California. Everything else Florida :)
    13
  6867. I lived paycheck-to-paycheck for years not thinking about bad times. During a divorce I lost my job during a recession - really scary time. You need to save to make sure you can survive a long down time, if you can.
    13
  6868. I have always been leery of HOA fees. These sometimes insane monthly costs are simply a way of gouging the condo owners.
    13
  6869. Speaking from experience....timing the market IS important. I bought near the top of the market in 2005 and at one point in 2010 I was 250k underwater. My wife and I held on by our fingernails and now have plenty of equity but it took 15 years. If anything went wrong we would have been totally hosed.
    13
  6870. The next quarterly Metropolitan Median Area Prices and Affordability and Housing Affordability Index release will be Thursday, February 9, 2023, at 10:00 a.m. Eastern Time. NAR’s quarterly Metropolitan Median Area Prices and Affordability report provides a breakdown of condo and co-op prices by metro market.
    13
  6871. That's why I stay broke, so there's nothing to steal from me 😏
    13
  6872. Looking at a duplex in the north california area.. they're asking 800K, been on the market for 6 months. Thinking about offering 600k and seeing if they take it.. Might work?
    13
  6873. Im in CLE. Not seeing any major price drops. Definitely more foreclosures out there though, in all price ranges
    13
  6874. Yeaaah, Someone finally showed the Beachwalk path. The best amenity Miami Beach has to offer. 11 miles worth.
    13
  6875. For now, foreign and institutional investors should be limited. The average American cannot afford a home in their own country. That is reprehensible. Americans should get first choice. Greed always loses and it’s only a matter of time. Can’t stop Miami from foreign investors but here we have a chance to start anew and the locals should have the first opportunity to rebuild.
    13
  6876. 1984 is getting closer and closer to reality
    13
  6877. Oh and don't forget the insurance companies guideline on roofs. We inherited a house from my dad a few months ago. The house is in the panhandle. I've already gotten the non renewal notice from State Farm. Getting insurance in FL you almost have to get a new roof. My dads roof is 19 years old and in perfect condition. So to make it easier on the buyer I am going to have a new roof installed. Got the quote today 13,325 dollars. To replace a perfectly good roof.
    13
  6878. Thanks for taking us along on your cross-country vacay! We doubled our money in our home in Scottsdale in 5 years and now we are going to ring the register and rent for a year until prices come down. We will put our house money into a Schwab Money Market Account paying 5.36% to pay for our rent in a luxury apartment building at Kierland Optima.
    13
  6879. This has happened to people in my area. But not on expensive homes. Usually in low income housing. People pay like they are supposed to on a rent to own property and then the seller suddenly changes their terms and the person looses everything they paid.
    13
  6880. Thank You Michael ! I am 23 and have been going to college ever since I graduated and never knew how important Proof of income is ... I am going to try all the tips you recommend and will see if I can get an apartment/townhouse/condo in LA 🙏🏻
    13
  6881. I thought it wasn't just disasters that were a problem in Florida. Isn't insurance fraud widespread? Where home owners and contractors got insurance companies to pay for things like new roofs through lies?
    13
  6882. You are correct about Florida 100%. I live in Charleston SC and I drive for a living. The amount of Florida’s license plates on the road in about 25-30%. They are everywhere escaping the crazy high rents in Florida. The government and feds have destroyed this country.
    13
  6883. Airbnb is a scourge in most neighborhoods. People come in to party hearty and ruin nice quiet neighborhoods. Property values drop. Strict zoning regulations are definitely needed. As is new taxation. First question you should ask when buying a home is -“ are there any Airbnbs in the neighborhood?“ If yes, run!
    13
  6884. Very important topic and nice graphs. I have owed condos in Florida and another serious problem was Condo Association fraud, not getting the required 3 estimates for repairs and hiring family and friends and getting a kickback. Also, I experienced associations charging more for renter background checks and pocketing the difference. And outright embezzlement. I’d like your thoughts.
    13
  6885. What about the people on the east coast verses the west coast? The west coast Suncoast area is full of very friendly people. I’ve heard from many people that the east of of Florida has a lot of very rude and unfriendly people, mainly caused by the large number of people coming to the east coast of Florida from New York and New Jersey.
    13
  6886. Thanks for video of beach. Had a heavy frost and 20 degrees here in Kentucky. Love watching the ocean.
    13
  6887. Social Secuirty is not a gift or handout from the goverment. Its your money that you paid. I am not going to say oh well, whatever.
    13
  6888. So we can’t TRUST the Banks, The IRS, the post office, and so many other things that we should be able to trust. So who can we trust these days??? It’s a very scary world 🌎 that we are living in. Thank you Michael for sharing all the information you gather and bring to us. Blessing’s, Carlos ✝️🙏❤️😊❗️
    13
  6889. same as 2008 all over again
    13
  6890. We are basically trying to run our economy on an empty gas tank hoping that fuel will spontaneously fill the tank somehow, someway.
    13
  6891. I was laid off from my job last week. No warning, just shut everyone out of their computer and sent an email 2 hours afterwards. The company couldn't afford their employees anymore.
    13
  6892. You are a good hearted, intelligent being. Keep on keeping on. 🏆
    13
  6893. Michael, the state of our country is so lopsided. So many hard working folks can't afford the cost of living. Affordable housing is a must not an option.
    13
  6894. Excellent content as usual Sir. Just one reason out of one thousand for people to go overseas. 👌🌎🏆✊🇧🇷
    13
  6895. I work remotely for AMD. Our company grew a ton in the last few years, number of employees went up from about 10000 to 25000, that they explicitly said that they don't have enough office space if everyone comes to the offices. So they haven't asked us to come back yet. Also, some of us are the most productive and very essential to the business. They'd be crazy to let us go.
    13
  6896. My house in Ft Meyers is concrete block with a concrete tile roof and lanai that could take 150 mph wind. If you notice all the new homes hardly got damaged because of the new building Codes. All that damage in Fort Myers Beach is because they were old wooden buildings
    13
  6897. EXCELLENT VIDEO!!!!!!!!
    13
  6898. People are ODing on the foolade. A house in our neighborhood has been on the market for 90 days now and is probably $100,000 overpriced. No takers so far😮
    13
  6899. I like everything about your videos, the view, the tone of your voice the subject...you name it !
    13
  6900. It is astounding to me that foreigners can purchase American agriculture land. They have no business purchasing agriculture land in America.
    13
  6901. Just went thru this with buyers agent. Lied over and over. When their client couldn’t perform they would make up stories and threaten to sue actually sending letters starting they’d purposely hold up the listing and cloud the record if we said were going to cancel. The levels they went to were astounding. I got an attorney who said in 25 years she’s never seen anything like it.
    13
  6902. The only retailer that’s survives in the hood is dollar general, so now we know why no other retailer wants to set up shop in those bad areas.
    13
  6903. crab in a shell = hermit crab
    13
  6904. Yes, please do a neighborhood walk about in San Fran. I'd like to know if the media is over reacting or if it really has turned into America's cesspool. Show us the truth.
    13
  6905. I've said a couple of years ago, the guy who lives in his car and hits the food banks has it easy. He also gets a social security check, has a gym membership that's open 24/7. He has about a 100k in savings.
    13
  6906. Yes I'm the old fashioned I use cash cuz I like my privacy and the last thing I will complay wirh the government with what ever they planning to do Great info Michael looking great on that beautiful beach 👍😉
    13
  6907. Every time I hear you talk about property taxes I am so shocked at how high they are. The same for Texas as they have high property taxes. Mine are half that much and for a home(much larger than a condo). Those increases have got to hurt... 🤯 Especially for those on fixed incomes... 😔 But that is what happens in areas with high property values like Miami. In Texas they just have high property taxes. My co-worker who moved there near Austin(a number of years ago)said they had to adjust to this as the property taxes were almost like making a mortgage payment. Yikes! 😳 They also lived in Fulshear for a while. Still high. They are much higher even today. Say a $350,000 house in Spokane may be $3,200 a year in property taxes would be at least $6,500.00 in Texas. Boy would that be fun to figure that into a monthly budget. So when she moved into a much nicer home(cheaper homes in Texas) her property tax almost tripled. So yes almost like making a mortgage payment. From our perspective. Again... Yikes! I am awestruck at the house you can buy in Texas for say $400,000.00. If we tried to buy that same home here it would be around $700,000.00 or more. At least the property taxes would be less... Washington state is in the top 5 for most expensive housing markets. At least for now.
    13
  6908. There was a comment on another YouTuber's video which said, the sooner people run out of money the sooner the feds lower rates. He and all the people that liked his comment have zero clue what has arrived finally. Those of us that have been preparing will capitalize off those who chose not to.
    13
  6909. "People can work from anywhere." -- this is a classic misconception and the reality of this not being the case is going to be driven home over the next year.
    13
  6910. There are "jobs", but just like last recession, people will have to change their field/profession. I was on active duty military back during the last crash, but lost my full time position with the National Guard and 15 years of experience went to waste (mostly) and I went from a Military Police/law enforcement field to building engines (which I still do) but never was able to reenter my chosen field. Same WILL be true of those who will be effected by this recession. If you're in tech, banking or real-estate, it might be time to consider changing job fields (hopefully temporarily) before you're forced to and then have to compete with everyone else trying to jump ship too.
    13
  6911. On the topic of black friday - my fiance works for a Kohl's. They're slicing prices because they're desperate and likely will go under relatively soon. Their stock has lost almost 75% of it's value in only 5 years. Their cashiers are now actually required to begin signing you up for a credit card without your consent when you check out, and ask you for information that can finalize the process.
    13
  6912. Michael you’re such class act man ! Thank you for been so transparent with your expertise in real estate !! Educational and informative and fun at the same time ! You are the best !!!!! ❤️
    13
  6913. If you are old enough and watch these videos we all knew this was going to happen Just like 2008 !! Thanks uncle joe !
    13
  6914. Just got an ad on why now is the best time to buy a property 😂
    13
  6915. My first mortgage rate was 7 1/4 in the late 90s. When rates went down I refinanced at a lower rate. Buyers now have much more bargaining power
    13
  6916. I think that part of the reason why people aren’t saving is because interest rates were so low for so long, going back the last twenty years really. People have no incentive to save when major banks are paying .25% interest on your savings. It’s only recently become the case that you can get a decent return on your savings.
    13
  6917. Home rentals, apartment rentals in Palm Beach County are beginning to show “No One Renting” apartment complexes with multi empty apartments have started drastically dropping rental prices. Rental community properties will be begging for a bailout in 2023.
    13
  6918. I think everyone is going to be surprised how far house prices fall!! What gose up must come down
    13
  6919. I love these videos !! Really nice Florida vibe!!
    13
  6920. In Las Vegas the squatters problem is out of control and police can’t or won’t do anything about it.
    13
  6921. We still have the "American Dream" its just in Mexico now. Which is still America.
    13
  6922. Too much corporate greed
    13
  6923. Imo It's the electric cars that are making everybody's insurance rates go Sky High.
    13
  6924. Just sold my studio bought early 2021 for $176,000 for $300,000. HOA and insurance/taxes had doubled from 2021 along with general inflation, causing stress in this uncertain times and I feel it's gonna get worse. Moving back to roomate with my dad and brother lol and save $500 in the process. Puting the $150k revenue on a High-yield savings account to ride this out.
    13
  6925. You keep up the great research and presenting it to everyone in easy to digest format. Great work.
    13
  6926. Electric cars don’t work in Canada. It’s to cold …. I got friends in Canada. The set their thermostats for 59 degrees in their home in winter .. that’s 80 degrees warmer than outside..
    13
  6927. Great content once again! My question is why is nobody at the beach? If I lived in that area I would be there every day rain or shine. Maybe its school day but surely there has to be a population that would show up every day. I guess electronics have really killed the desire to enjoy the better things in life?
    13
  6928. I'm a remote worker who moved to Florida from Boston - I'm sorry!!!
    13
  6929. Hi Michael. Do you think a lot of Floridians will leave the state because of hurricane destruction and insurance problems? If so what states do you think they will go to?
    13
  6930. That's an excellent point about the Red Tide. My family and I experienced it personally before we knew what it was. We had just driven from Miami to visit my sister-in-law in Port Charlotte. We stopped in Bonita Springs and thought we'd head to the beach. As we approached, walking through one of those long paths from the six-car parking lots to the beach, I told my wife, gosh, they must be cooking crabs out here on the beach. As we got closer and started to enter the sandy area, we noticed there were no people on the beach, yet the smell of crabs got stronger and stronger. We did finally see one couple about 400 yards away. I scurried over to them as they lounged in their lounge chairs and asked them, 'what in the world is going on?' Why is the smell of crab and fish so strong - and where are all the people. The guy said, "It's the Red Tide. Look over there," as he pointed to a mass of something on the beach. I walked over and then noticed the mass was all up and down the beach. The mass were dead fish, all beached and rotting along the shoreline. No wonder it stinks out here. Of course, now that I realized what I was smelling, the smell matched with my senses and it dawned upon me how bad the smell actually pierced my senses. That solidified my reason to not move to the Gulf Coast side of Florida. The Red Tide is a bummer. It's supposed to only happen only a few times every 10 or 15 years, but just in my five years of looking for where we are going to live, we have experienced it twice. The second time, we knew immediately what it was. That was enough for me. Besides, like Michael Bordenaro says, the waves are non-existent. For me and my family, it's the East Coast. Now, to pin down exactly where on the East Coast - well, that's the next chapter!
    13
  6931. The last decade should not be considered the norm. Interest rates at the zero line indicates a bad economy 2) we’re cycling, prices will come down, not everything goes up in a straight line. 3) if you wait for price, then time will take care of itself
    13
  6932. Are we going to be seeing a huge influx of homeless in the near future? When people can't afford a home, apartment or manufactured home... where do they go? They still exists. The poor are not going to disappear. But, where will they go?
    13
  6933. Retirement may seem impossible right now but starting to live with the right mindset can help tremendously. Appreciate your insight!
    13
  6934. I will be 81 next month and I can remember back in the early sixties my goal was to make ten grand a year. I retired in 1999 and I was making around 100K a year, with salary, bonus, 401K contribution and I had access to a company car. I could use the car for personal use and even use it on vacation and they picked up all expenses for the car. I just had to keep track of personal miles for IRS purposes. Inflation is the cruelest tax of all.
    13
  6935. I want nothing to do with HOA None of the properties I own Has HOA I hate it and most people don't like it When I go check out property If it has an HOA I don't even bother to go see Especially the one with high fee like $400 to $700 per month
    13
  6936. Patience is absolutely no problem for me. I've got tons of patience and living in NY, I deal with lots of impatient people and everyone is always rushing. even in this current pandemic when I'm driving on the highway that the speed limit is 50, people going way over 50. Hitting 65, 70. like, why speed like that when there's nothing open and no traffic at all??. I definitely gotta have a list of things to do. Having a job and changing my ID are some of those main things.
    13
  6937. This is what caused the 2008 housing bubble. People live beyond their means by taking out ridiculous loans, banks giving those loans, housing prices crash and people don’t pay their mortgage because their house isn’t worth as much. This hit Florida, Cali, Arizona and some other states hard due to the govt not being able to go after personal assets.
    12
  6938. Unfortunately a majority of people who bought real estate are now watching as there investment loses money the real estate market can be volatile like it is now and investors are now trying to sell off but with this economy it's very hard to do and most now are losing money they can't sell and house value are dropping and will get to a point it will be a fire sale as investors take a hit and lose money but sell to get it off their books the same over extended home owners their clock is ticking and I will be curious to see what happens when people switch to tiny homes and the large homes stay vacant that will a large shift in the housing market
    12
  6939. All you can do is prep the best you can and just take it day by day
    12
  6940. I can definitely relate to the bad hair days when I'm in Florida
    12
  6941. I moved to Florida in 2022 for work. A big mistake, out of control cost plus i75 reckless driving and it's a lawless society. It's scary to drive, walk or go out of your home.
    12
  6942. 2008 all over again. 13% tax increase? Welcome home Michael. That paycheck to paycheck video stuck with me. How keep up? no mortgage and when we had the money in 2020 we made all the needed house repairs. And hot tub as a treat. Your tax bill was a welcome home surprise. The money is going into someone’s pocket. This is all out f control. Feel bad for the Generation Z’s. I guess my son will be around a while. He’s 21. He needs to get out of this “my inheritance” attitude. The Fed likes to do these “quick fix” things knowing there is trouble on the horizon. It’s an “instant” society today. This will drive people to drink. Thanks Michael for sharing!👍
    12
  6943. In my area if something is in a flood zone then you must buy flood insurance that is really expensive.
    12
  6944. Looks like property taxes and insurance could be the undoing of the housing market in Florida! Property taxes absolutely crush new development and existing home sales. Their could definitely be a collapse coming if the state doesn't make an assessment adjustment.
    12
  6945. OD has homes for sale all over the place priced at or below what they paid for them. On top of this they're paying prop taxes, insurance and HOA dues. Not to mention they'll have to pay a co-broke, further accelerating their losses. Been at this RE thing for a long time and I am really going to enjoy the carnage. Currently looking myself (not in a hurry) and people are still acting totally insane (mostly sellers, but sometimes buyers). Redfin showing a collapse in YOY 2 week pending sales, increase in supply, widening gap in ask/sell ratios, increased in time on market, etc. yet PSF prices remain totally flatlined. In many cases - near me - we are at 2019 levels of supply, TOM, pending sales and we're closing in fast on similar inventory numbers. All of this is happening at record speed! And at fast approaching 7% interest rates? Nuh-uh, prices not gonna stay this way.
    12
  6946. Hi! You gained a new follower over this video. I’m a native Floridian and I live just north of Saint Pete. We were ready to buy a house this fall, but this crazy market saw everything near us practically double in the last two years. Thank you for touching on our area. 😊. As a former Realtor, I think the Tampa Bay Area is one of the key places to watch for the pulse of the national market.
    12
  6947. I have a pretty good idea what music would be playing in the town square if you were the Mayor!
    12
  6948. You're not old, but you're not young. I'm 45, I would guess you must be around that age. We all age buddy, time goes by quickly.
    12
  6949. Michael, my husband and I and our two younger kids are leaving family and friends behind in Michigan for a new life in the panhandle. We don’t have a house or jobs but we ARE going. We can’t wait!!
    12
  6950. Beautiful town. Seems like a great place to grow up in.
    12
  6951. One of the biggest advantages to waiting if you can, and if it makes sense for you, is that if the market cools you won’t have to engage in these insane bidding wars and you’ll have a greater chance of getting an offer accepted, and there’s less of a chance that you’ll have to pay way over the asking price. Many first time homebuyers are effectively priced out of the market even if interest rates are low if you have to pay 50K over asking on top of the down payment and closing costs just to get an offer accepted, so if rising rates cool off demand and slow the price increases, it could increase your odds of actually getting into a home.
    12
  6952. Raise minimum wage. Fire everybody. Automate everything making it cheaper for fast food restaurants. Raise prices. Eff all customers.
    12
  6953. Happy Sunday Michael, Thank You! 93K, you are getting closer to that 100K! 👍
    12
  6954. First time I see a video of Someone saying about people loosing hope and stop working hard because they see the American dream gone .. that’s exactly what I’ve been seeing at my work place.
    12
  6955. Michael its getting exciting again because if we are patient we all get really good deals but we have to be patient. I remember thinking I would never be able to buy a home and I looked for months and months in 2008-2009 and thank God I didn't because I bought in 2011 for half of what the previous owner bought in 2008 and foreclosed on because of a interest only loan. His loss my gain but I wasn't so rash to purchase and it's happening all over again
    12
  6956. I thought this might be interesting New Orleans Louisiana has a French quarter festival every year which had 800,000 people last year it goes to weekends this year you will not be able to pay with cash it's either debit card credit card are you can purchase a card no more than $500 that includes food venders everything No cash sounds like big brother to me what do you think
    12
  6957. Yes home prices sky high and ordinary average people can’t afford to buy . Then those same people see rent prices going way up too . That’s a bad combination . On top of that we have hyper inflation.
    12
  6958. The only people who can even consider Florida on a budget are VAN LIFE people. Lol. No HOA fees or property taxes on a van. Lol
    12
  6959. Michael I really enjoyed this video because you touched upon so many issues retirees are dealing with now. These are difficult times for many. May dad (depression era) always said look for the lesson, and you seem to be acutely aware of this. It's important to share hope for those who are feeling helpless. These are scary times for everyone but I can tell you we will get through this. Have faith in our government and country because we have been through worse. I'm a fortunate retiree but see my kids and others suffering with inflation and it really saddens me to see the fear. We will be fine, including your mother who must be a terrific mom.
    12
  6960. Hand raised, but I wouldn't buy a house for 400K. When I can wait until next year and buy the same house for 50K cash and not worry about the interest rates.
    12
  6961. We should strive to improve safety in all FL seaside properties, more so in a beautiful Paradise on Earth called Miami Beach. I don't live in the city, but like many people I know, we love touring the place. Where else you get a trip back to the 20's Mediterranean Revival properties, the 30s-40s Art Deco, and all the modern collection of styles, capped with beach and nightlife of music, dance, and way more, all in 10 sq miles.
    12
  6962. I had no idea what age you were but have so much more respect for you since you are already thinking about retirement. I am 62 years old, retired when I was 61 and was able to do that because I had been saving since my first job out of college. Yes, I am lucky in that I will have a pension at 65 but I did pay my dues. I worked over 30 years at a hard job, with long hours and lots of stress. But even if I didn't have a pension, I am still much better off than most because I always lived within my means and saved regularly. My money is diversified. I never had debt except a house and car and both are paid off. Social security will be about 1/4 to 1/3 of my income. I say maybe 1/3 because my stocks are suffering now but I have faith they will come back up in a few years.This is my opinion but I think you are either going to have to pay for it now or later. I chose to get it over with so I could relax when older. I can't help but always have a save mindset but I really don't have to now. And even though I saved all of my life, I never felt like I went without much because I did it gradually and never really did that thing they are now calling "lifestyle creep". When I got a raise, I put the money away. I owned different homes to live in one at a time, decent cars, had vacations, etc but I always made sure I put at least 15 pct in my 401k and emergency money and savings and always paid credit cards off every month. I still work a little which helps but don't really have to. The earlier you start the easier and even if you are already 60, my opinion is stop the cable and eating out and put that money away. I would rather eat beans and rice for a few years than be homeless when I'm old. You are a great role model that I think young people will listen to. Keep it up!
    12
  6963. Lately , when I need cheering up I come to this channel and listen to Michael 😂
    12
  6964. Flying with a mask on is a definite “no go” for me!
    12
  6965. Shhhh.
    12
  6966. My wife and I were driving to our favorite surfing beach, and took notice of a new HUGE SFH construction site just off of I-95 in Melbourne. I'd guess there are about 250-300 homes being started at once! I don't know who they think is going to buy these, considering the thousands of finished new homes currently on the market with no interest.
    12
  6967. Boycotting the housing market is something to think deeply about, especially if you are relying on a bank mortgage. Right now, if one is to pay these prices, do it in a way where you get the seller to finance the purchase at a lower rate if you can. If they do not have enough equity to do this, then pass on it. Never inherit someone else's problems when buying in this type of environment. And Michael is correct with assumables. There is also the possibility to do a lease purchase/option if you sincerely love the house. By the way, just saw a Zillow ad of people swimming in a pool and having fun in the middle of your video. They're underwater!
    12
  6968. Happy Labor Day Michael. This new information just blows my mind even more. Your personal life has nothing to do with your financial life. I guess the old saying "your right of privacy" is a thing of the past. Thanks for another great video.
    12
  6969. A lot of the YouTube housing agent's that have been saying we don't have a downturn in the housing markets haven't been posting videos lately lol
    12
  6970. Thanks Michael! I’m glad you are honest. Going to put my house search on hold and wait more. Waited 2.5 years and I can wait longer!
    12
  6971. I guess we shouldn't be surprised that people were able to exploit PPP money, it was way too easy to get approved.
    12
  6972. The fact that Florida has to pass legislation to spell out that high rise condos are exempt from flood insurance goes to show you how screwed up and corrupt that insurance company is! Shame on Citizens Insurance! How petty of them to make someone get flood insurance for their 10th floor condo! I would be filing a lawsuit against them for that once it's all done!
    12
  6973. You can do all of this. Just you can't live in a "fun" place with beaches. Get a hard STEM degree or trade school. Expect to work 60-80 hrs/wk. Here is the real problem - divorce.
    12
  6974. In my case I was looking for a remote work and found one but now the owner wants us to come to the office which I am pissed about. If I was working in office, then during pandemic switched and now returning to the office that would be a different situation. Because of remote work I found, I moved to a different area, not living in the horrible place called Brooklyn NY anyone. Now to go to work costs me about $25/day. I do use my computer, I pay for my internet and I work more than I would work while being in the office. We have projects and they need to be done in a given date. I also noticed being more productive when working from home. Communication with coworkers? 100% better, I hate when people just talk to me out of a blue when I am deep in my work. I thought I would hate remote work but I see only advantages.
    12
  6975. Thanks for explaining Michael and showing us the trends and data sheets. That is so helpful. 👊🏽
    12
  6976. Having good credit has nothing to do with being a good citizen. There's plenty of people that move to the US every year that will have no credit score. Plenty of people that pay for things cash. The idea behind credit scores is just a way to keep people in debt. Notice how if you fail to pay rent it lowers your credit rating, but paying it on time has no effect on the rating? Correct me if I am wrong, but even paying off a debt completely hurts your credit.
    12
  6977. Oh God, I would never swim in a lagoon in Florida: ALLIGATORS!!!
    12
  6978. Our car insurance went up 60+ monthly. I also received a letter from nationwide saying that they would be sending someone to take pictures of my house. We did get a new roof in August 2023, but we haven’t been able to fix other things around the house all in all it’s not too bad, but we pay $3400 yearly for homeowners insurance in Alabama central Alabama near Birmingham
    12
  6979. One day, you should do a ranking of all of the Florida Counties that you've been to! :)
    12
  6980. Love your videos.... so much to take in and you cover all.
    12
  6981. The land slide is happening. Buckle up!
    12
  6982. There are so many apartments being built here and even now they are just starting to build some. Unfortunately apartment living sucks.
    12
  6983. Ayeeee Rockford Illinois I’m actually thinking on moving to Florida too.!
    12
  6984. People did rush to buy but they were outbid by Opendoor, BlackRock, Redfin, Zillow and the other I Buyers out there. The crash I believe will only affect these I- buyers I predict. People with low interest rates will hold onto their homes as long as they can because this too shall pass.
    12
  6985. Thanks for another very informative vid. I love these "walk around" vids. Could u show us on a map each time where these areas are, pls? U did this once & it was helpful from a potential visitor/buyer viewpoint.
    12
  6986. Hi Michael This is the area of Florida I’m planning on moving to. Thanks for another great video! Safe travels!💕
    12
  6987. Congratulations to those choosing to live at home and save for your own home...and condolences to their parents. Also, if you are moving out of Portland, please, please do not vote for the same kind of idiots you voted for in Portland and ruin somebody else's city.
    12
  6988. Spoke to Soon! The Fed just announced that Vets can add the past due payments to the end of the current mortgage but at the NEW interest rates.I this case will be 8+ percent rate or higher and only if the lender wants to agree to this plan.
    12
  6989. This is why they are building so many rentals in FLORIDA. People rather rent than buy All they need is home owners insurance. I was going to buy but could not afford the high insurance and taxes in Florida so I am going into a rental and see what happens
    12
  6990. You guys definitely made the right move!! I am so over the cold, long, depressing, gray winters up north! Venice is a beautiful little beach town!
    12
  6991. I'm kind of confused as to why you didn't point out that the numbers are in and corporate profits are at an all-time high, and not by a little. It's a hockey stick. So, yes. I agree, but it's on the greed side. Am I missing something? Am I wrong?
    12
  6992. I wonder how much of the FL housing market is just investors buying and reselling to each other for a higher price. I don't know if this is being done to artificially inflate values, but I've watched Wall Street use the stock market like a casino over the years, so it's not surprising to watch them use the real estate market the same way. Most of the houses I see for sale throughout Florida were all recently purchased around COVID and appear to be flips. It's rare to see a house that's just coming to market.
    12
  6993. Thanks Michael! Everyone, don't spend what you don't have in your pocket. Advice I got from my Grandparents some 50 plus years ago. Time to listen.
    12
  6994. Feeling blessed I've owned my home for 20 years I have AAA started out at 650 into this day it's only 800 they're a good company
    12
  6995. In Florida, I once worked for an orange juice factory, after awhile, I just couldn’t concentrate anymore, so they gave me the squeeze and canned me.
    12
  6996. I'm from Europe (Italy) and i want to move to the U.S. Thank you for your videos, you're very down to earth Michael!
    12
  6997. 1 million dollar home in California is now a cardboard box underneath an overpass.😱
    12
  6998. Thank you for sharing! What a powerful message. I can't even imagine what they experienced!
    12
  6999. You wait until student loans are due again in September. The avg student loan pmt is 400 bucks… watch all these borrowers all of a sudden feel like they got another car payment out of “thin air” …
    12
  7000. Love your updates Michael
    12
  7001. Allentown PA here. Almost every store i shopped at today is hiring.
    12
  7002. HOA fee is up to $ 500 a month in L.A that’s heavy fee for a condo it’s going to get more worse down the line California is not livable American dream is dead
    12
  7003. I can't afford a new car or truck. Will just keep my old Dodge Charger.
    12
  7004. I like his videos because he always gets right to the point and he's down to earth. We don't have to hear about what he had for breakfast before he actually starts talking about what the title of his actual video is. And he stays on point. Awesome job!!!
    12
  7005. Surf side sounds like my kind of area...low key and peaceful!
    12
  7006. My Plan Michael when (Hopefully) things get better with the economy etc. I will likely be moving from Arkansas, to Daytona Beach in Florida after the Holidays this Year, and live with a close friend who now lives there, and start there as a slow and easy Start in FL. And consider living in a 'Tiny Home' as I live like a Minimalist anyway.
    12
  7007. Excellent Content Mike, I truly appreciate your common sense approach and application of the fundamental rules of economics.
    12
  7008. I would much rather deal with a hot day over a freezing, icy, miserable cold day. Give me Florida, Arizona or anywhere hot. I will gladly trade the snow for it. lol
    12
  7009. It's a great time for us who still have a job and decent income. Over the last two quarters my department laid off about 150 people. Awesome I guess because I have all this work to do so there's job security for me ( it helps that I met all the certifications and education for my job, and up skilled over my entire career). I also have a pension, and investments. It's easy for me to say things are great. However, I've been noticing an uptick in desperation. Costs are way up, and it seems that people are getting close to that cliff. We'll see what happens over the next year or so, I'm just glad I'm still young enough and in good enough health to restart if I need too.
    12
  7010. I have been in south Florida for 40 years. Have a few more years before retirement. I will be moving to western Pennsylvania or eastern Ohio. I will become a SNOW ❄️ BIRD 🐦 🙂
    12
  7011. Florida has too many critters. Snakes bugs, alligators, snakes again , spiders . Too much rain in Florida. Love my Southern California.
    12
  7012. To afford $750,000 you have to be making like $170,000- $200,000 a year...... only a tiny amount of business owners or high end professionals make that like less than 5%
    12
  7013. You folks contemplating your own garden ... remember, everyone comes to the table. My fruit trees are now mature and every fruit is stolen by squirrels and other critters. You can't get rid of them.
    12
  7014. In Texas, about 20 miles north of Dallas, 3 years ago I refinanced and my appraisal came in at 415k for my 5 bed, 3 bath 4,000 sq ft home (in a school district rated 10/10). Today Zillow has my “zestimate” as 705k but the home would likely sell for more. My direct neighbor with a similar sized home listed her house for 675k and accepted a cash offer of 775k. One street over a home listed for 700k and they accepted an offer of 805k. This isn’t sustainable growth.
    12
  7015. All the people that left jobs during the great resignation and got a massive bump in pay will be the first to let go. That includes me. I was laid off from a high-tech consultancy end of August.
    12
  7016. U.S. Gov needs to worry more about what's happening at home and in its backyard. Seems to be more focused with Europe, Asia, and Middle East. While the lives of Americans is getting worse, we continue to impose economic sanctions to Cuba, Venezuela, and Haiti is in turmoil .. all of these people will end up at our doorstep
    12
  7017. Michael you should do a special on the $900 a month rent on containerized sleep pods (in Palo Alto). (Personally, I would rather live in a cardboard box under a freeway).
    12
  7018. 6 reason not to buy a home right now 1 you not ready 2 your income too low 3 your job not secure 4 home price are too high 5 you don't want to hold a bag when home price crashes 😂😂😂 6 you don't want to lose you hard earn money Do to foreclosures 😅
    12
  7019. Wow she has such a nice accent
    12
  7020. Michael, you grew-up in a really nice place !!.... Lots of great memories, you got me thinking of my home back in NY......Back East towns have certain "look" and "sense of history"....Heck, it was just a better time to be alive....I'm not ashamed to say, I wish I could go back !......Thank you, for making me reminisce......I enjoyed your video, one of the Best......Godspeed....
    12
  7021. Millennial here. I feel like Im competing with the rest of the world for a house... no time to actually look at what i'm buying
    12
  7022. Investors don't care about people, it's all about the bottom line ... it is what it is
    12
  7023. Even those with insurance will suffer because of this hurricane. They have to pay the deductible, their policy may not cover everything, and if there was bad damage the policy has a limit of payment. Terrible situation.
    12
  7024. Awesome!! Media won't show this reality. Seen a boat abandoned on del mar dog beach last summer, illegals from Mexico....and you can't blame them to want freedom!! Timmy C Arizona
    12
  7025. Love the fact that you're touching on demographics. It's key to Economic forces
    12
  7026. ❤❤❤, your doing a great job! Keep up the great work ❤️
    12
  7027. As a point of fact, 1 Electric cars pollute more then 100 Gas cars a year,. why you ask, because recycling the batteries is highly pollutant. Manufacturing such batteries is also is highly pollutant. Batteries on Electric cars have a duration and need to be replaced every certain amount of years. My friend had a Honda Electric, car, the batteries started failing after 6 years, replacement cost in 2018 15K at the dealer. What did he do, dump the car at the junk year and purchased a Mercedes Benz . So my questions is, if manufacturing batteries pollute and recycling them is worse, so where is the actual benefit of owning one? Even home batteries (AA- AAA-D, etc. cannot dump in your trash, they must be taken to a recycling center. Not only that, lots of plastic in them, also tires etc. Where does our government think does items come from? FOSSIL FUELS to be exact.
    12
  7028. I plan on working my regular job another 6 years, my wife another 3 years. We are debt free including mortgage and have some in retirement investments and my wife has a pension. We are throwing everything we can at savings and trying to as an experiment live off of what we would both get from SS if that were all we had. We can almost do it right now. Still, a little worried about it so while we should have enough retirement income it's hard to now worry and so I'm not giving a hard date for this event. I would rather never retire than retire and a few years later run out of money.
    12
  7029. I’m an owner of a small auto repair shop in Silicon Valley CA. I’m moving to Florida by the end of this year. I never got into politics but I have come to realize that my decision is based purely off politics. My Governor hasn’t handle COVID well, my local government still has many businesses and schools shut down, the vaccine in CA aren’t being administered efficiently, CA public schooling is one of the lowest ranked in the nation, and to top it all off by 2035 CA will ban the sell of gasoline powered cars. This will directly affect what I do for a living and I have decided to leave while I’m in a good financial position than to wait until things may possibly get worse. Thank you very much for your videos Michael they were very helpful. I look forward to purchasing a new home in winter park and opening a repair and shop. I know things will be different than CA but I’m happy to have more options in FL.
    12
  7030. My parents were born in the 1920s, just before the great depression. They were very frugal and were able to build 2 homes. As the prices rise, I continue to go back to what they did in the 1950s and before. My mother would make all my clothes, reuse containers, can fruits and vegetables and such things to save money. Since 2019, I began similar things and continue to find ways to save.
    12
  7031. Bought our house in June 2021. Moved to Florida Clearwater area last year in September and now moving back to Washington State because of a job! Unfortunately Florida sucks with lots of low paying jobs compared to Washington. My husband worked for the government almost 10 years experience and you get paid nothing here just to pay your mortgage and bills/food that’s it it’s sad! In Washington state you get paid almost doubled and with benefits vacation and everything else. We had brand new house there in Washington and we paid way less bills including car insurance. Florida cost of living is more expensive but the pay don’t keep up with the cost of living!
    12
  7032. You don’t have to by a million dollar home. I live in the Green Mountain National Forest in Vermont. I bought my house through owner financed mortgage. I bought a two bedroom 1 1/2 bath with detached barn on two acres in the national forest. It was a fixer upper for $60.000 3 percent fixed APR on a ten year mortgage. My house is paid off December of 2023. Over the last ten years I have remodeled and landscaped my home. With mortgage town taxes and house insurance, my home and three bay barn was $800.00 a month. I live in a pristine small town location, with about 1100 population. With major cities (Boston/NYC/Montreal)less than 4hours away. And only 2 hours from the ocean. Life isn’t just Florida or California.
    12
  7033. It's a pain in the neck to get to an ATM. Here in CA they've been quietly closing ATMs so cash is becoming more and more inconvenient. You might be on to something by continuing to bring up Insurance. Seems like this is going to be a serious problem going forward. Out west we have firestorms that do considerable damage and People are not able to rebuild because no one wants to underwrite in fire zones.
    12
  7034. Thank you Michael for another awesome video. I created my own 401K through investing in Real Estate. I sold my last building for over a million Bucks and am getting some awesome payments for the next 15 years. Life is good. Blessings, Carlos ✝️🙏❤️😊❗️
    12
  7035. I see you spared no expenses on that new intro.😂
    12
  7036.  @MichaelBordenaro  Most LA bicyclists and scooter users ride on the sidewalk even though it's illegal because it's the only way they've got a chance. I don't know about Miami, but LA motorists hate bicyclists and pedestrians and actively try to kill them.
    12
  7037. Qualified buyers being hesitant hasn’t just started. My buyer clients started being hesitant 4 months ago.
    12
  7038. The economy is absolutely booming in colorado and needs to slow down. Homes are unaffordable. Vehicles flying off lots at stupid prices. It’s insane.
    12
  7039. Team Grand Cherokee! Just got one in September and love it. No way I’d trade it for an electric especially living in Michigan.
    12
  7040. I don't buy insurance because I don't give a s***.... I'm prepared to take the loss like the Amish do. . Nothing's forever man.... If it's meant to be it's meant to be.....😅
    12
  7041. Hi Michael, a friend of mine, owns all his properties no loans all paid. He decided to take the risk and not insure any properties in Miami. If you rent from him, he requests that you have your own renters insurance, before renting the property. For him after living in Miami 25 years and never had any issues is a calculated risk. So no insurance for him at ridiculous prices. I am thinking of doing the same as all my properties are paid off as well. That is the main reason I would never buy condos, in top of lack of privacy, noise and other issues, no interest, you do not own anything then the air in the middle, no thank you.
    12
  7042. Central Florida here, this will be my first hurricane. Been through two blizzards but this will be a first.
    12
  7043. Sometimes people don't want to hear the truth because they don't want their illusions DESTROYED. Thanks!🌻😊
    12
  7044. I moved to Miami Beach from Boston December 1st. I’m moving back next week and couldn’t be happier. Some reasons why. 1. Spanish is the spoken language. I’m Brazilian, my first language is Portuguese but I understand and respect the country I live in enough to speak the language. If you don’t speak, they get frustrated and keep speaking Spanish. 2. Feels like I’m somewhere in Latin America, with nicer buildings. 3. People are sketchy, sneaky and try to take advantage of you. Be asked to pay tips after you were already charged 20% is outrageous. 4. Computers and softwares in businesses sucks. Working in the food industry, I felt multiple times I was still living in 1994. 5. Spring break - homelessness - working for peanuts - people are extremely rude, please and thank you doesn’t existe on the vocabulary etc etc etc Very important: residents and coworkers in general are very gueto, and manners do not exist. Cursing at work is considered normal in a daily bases. This is a generalization but it’s all true in many levels. I’ve met amazing Floridians and transplanted locals as well. Miami is beautiful and I’ll be back to visit. I would think 10000000 times before trying to escape the winter. I’m serious. Peace ✌🏼
    12
  7045. Well, this is all quite depressing to think about. As a remote tech employee my only plan to insulate myself from potential financial ruin is to scour the nation for more affordable housing markets in places I won't absolutely hate to live. Lots of dreams being crushed for people recently and lots of difficulty just making ends meet. I really hope the US can pull itself out of this mess in the next few years.
    12
  7046. Something to remember is there are things that you can and can't control. You have to consider what's best for you and make changes towards the direction you wanna go. When you move, some problems will get left behind, some will follow you, and some new ones will pop up. It's just part of life! Try to make the most of it in every situation, even if you'd rather be elsewhere. Thanks for giving us some realistic perspectives 👍
    12
  7047. Not even a hurricane can stop Michael! Stay safe man.
    12
  7048. Yeah, that's disturbing. So, someone making TWICE the median income can't buy a house. Someone earning 70K per year would be wealthy, that puts them in the top 16% of earners. I'm not sure why we're still using the term "household", since nobody gets married any more and most households are just 1 person.
    12
  7049. For the most part, when you rent, you're at the mercy of the landlord, whether a private homeowner who can give you notice that they're selling and out you go, or a management company, for any number of reasons. This happened to two women I know, who were each renting for close to 20 years! On the coast, from VA Beach to the Keys, condo owners are flipping out, because the HOA's are jacking up the monthly costs to cover increased insurance after all of the Issias claims. Many are bailing and looking to purchase homes where no HOA's apply. I'm glad I sold my house and bought a house with no HOA. If you're a minimalist and have a nice rental situation, much better to roll your savings over in stable value investments, instead of buying a home at 7% or more.
    12
  7050. Regular home insurance does cover wind. Im an insurance agent and wind is included. Flood insurance is not.
    12
  7051. I drive a 2015 Corolla with 39000 miles that I bought in 2015 for about $20,000. I can buy a 2024 Corolla for $24,000.
    12
  7052. We don't want any federal government help - that would be socialism, right?
    12
  7053. man I was just at families house, they were screaming and arguing about cashing out. One side "where are we and our stuff going""??? the other side "LETS TAKE THE MONEY AND RUN"
    12
  7054. Michael, I don’t know if you have discussed this already in your Cali videos, but if not it would be great to hear your thoughts on how Cali allows long term homeowners to pay a much lower indexed property tax rate that can also be passed onto their children at the same rate while all new homebuyers are screwed at the new mark to market rate. Unbelievably unfair if you ask me. Love your channel
    12
  7055. Yeah man, traffic is always bad here this time of year. But it's def getting increasingly worse every year for the last 3 years.
    12
  7056. Micheal I'm going to move to the Melbourne beach area on the beach touching actual sand!
    12
  7057. Every time I see a cheap condo for sale that looks great, the condo fee is over 1000 dollars a month. Those condo fees don't even cover all of the costs, like electricity. No surprise they dropped the price so much to sell it.
    12
  7058. I live in North central Florida and I just got in the mail my homeowners insurance renewal. My insurance rate I thought was pretty low around 2,600 for 3/2 house value at 280,000 but the new renewal rate has increased to 4,700. Unreal. The insurance company said it’s due to inflation, bull shit.
    12
  7059. Just because you get a licensed contractor doesn't mean you won't get ripped off. Ask for referrals. Get bids from 3 different contractors. To me licensing is just a way for government to control the market and create barriers to entry to drive down competition and it just drives up prices. I worked with my dad in the 80's in carpentry in the rural north east. There were no contracting requirements, you were hired based on word of mouth and the job you did. Non need for government mandates and intrusions. My dad being an old school carpenter, overbuild his homes instead of going for being the cheapest. He didn't need a government agency telling him what to do and how to do it. I guess now days as governments and people get more immoral, more laws need to be put in place. Just like immoral contractors there can be immoral corrupt government officials that pass work in inspections that shouldn't be passed, especially when dealing with large corporate run contractors. Don't trust anyone. Do your own research to find a competent house builder. They're probably going to be more expensive. It'll be worth it in the long run.
    12
  7060. school teachers , city workers, police and fire personal ,we need affordable rentals, homes to buy , close to work within 15mins not a 90 min drive one way cause thats where we can afford to live
    12
  7061. This all reminds me of the episode from I Love Lucy....her and Ethel get a job at the candy factory. The conveyor belt starts out slow "we can handle this"(over spending with credit) then it starts to speed up, more and more candy comes down the belt (inflation) and they can't keep up with it and try to hide it from the supervisor (creditors) sorry, your fired you can't keep up and the house of cards comes down 👎
    12
  7062. You're right on Michael!!!!!!
    12
  7063. Drug addicts will do ANYTHING for drug money. The guy from prison is right. Doesn't matter what the penalty is.
    12
  7064. these days you need to be worth like 3 million dollars and more just to be a "real" millionaire.
    12
  7065. I think the universities should have to give students refunds, instead of loan forgiveness. They way overly charged students in the first place. What a rip off!
    12
  7066. I live in Canada, got my 5 year fixed mortgage at 1.87% back in 2021. Not looking forward to the renewal, piling up cash to put down as much as possible so the new increased rate doesn’t hit us too hard.
    12
  7067. Great practical advice. Funny I used to think renting was throwing money away. But I've learned over the years. Renting--especially in Florida--has a lot of advantages. A lot of people new to Florida get sticker shock when they see the HOAs, taxes and then get hit with an assessment on top of everything. Plus, if you have to pay hurricane insurance coverage like on a house that can be steep. I like the visual comparison you used that was a great example.
    12
  7068. Excellent interview. You never once interrupted each other. That’s unusual. It’s hard to be a good interviewer.
    12
  7069. The $700K the flipper paid was a stupid high price!!! $1,299,000 is just idiot!!! I live in South Florida and been a real estate agent for almost 20 years. That house is $400,000 at most! Like they say, there’s a moron born every 3 seconds!!!
    12
  7070. Make sure you sell to a real family and not an investment firm that’s going to hold the property and rent it back. This is agenda 2030
    12
  7071. Older folks like me (62) remember how long interest rates were high in the good old days. Rates went up beginning in about 1968(a bad year) above 6% (way above) peaking at over 20%! These rates stayed at roughly > 6% for over 20 years. Foolish to think these rates will go down in the near term or for at least the next five years. Need to think about spending/investing without using debt imo. Also 65% of our nation's GDP is service but few will be able to afford service so alot of service workers (most employees) are going to be truly screwed for many years. Very sad.
    12
  7072. I'm so thankful that we have this great channel with such a good content and information quality. And the best thing is that it's completely for free!
    12
  7073. If houses are 550k up 30% u need to make 165000 yr... with minimum wage still at 7.00 hr. Where does this make sense.
    12
  7074. You also have a fantastic government right now. This is spurring a lot of people to move to Florida despite the expense and "interesting" weather.
    12
  7075. Probably be more like 7k a month most put 5% or less down
    12
  7076. I used to live in Ogden Utah. My rent went up $400. My wife and I now live at our in-laws. I was also considering taking on a second job. (My day job is Electrical Engineer)
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  7077. Do to damage to batteries repair shops need to keep EVs away for other cars and structures, so only a 2 EVs can be stored in a space you can place 100 ICE cars at repair shops. EV car weigh is much higher and causes more damage to the roads, also bridges and parking garages are not built considering the weight of these cars so if there are a lot of EVs on the road imagine the upgrade costs to these structures, or complete replacement of these structures. A charging station only has so much electrical capacity, charging one or two cars can be quick, but the more cars you add the more the electrical charging capacity is split between cars resulting in slower charging times. It costs $ 100,000 for a quick charger and $ 20,000 for a regular charger to be installed at a charging station, plus land, and they cycle cars through the chargers much slower than a gas station. There are not enough high capacity electrical lines to power charging stations, more would have to be laid, also we only produce so much electrical energy in the first place so more power plants would also need to be made, a lot more and they are not cheap nor are they environmentally friendly. Recycling of EV batteries is very expensive, they are very toxic as well. EV fires are four times harder to extinguish and they can reignite for days. Remember that most charging stations require you to have a cell phone to pay for the charge and not all places have good cell phone reception around the country. One more issue is that EVs are not always cheaper to run than EVs, in Australia can cost twice as much to charge an EV than cost for the equivalent gas for the same mileage. I heard Ford lost $4.5 billion on EVs. They took a loss of from $32,000 to $36,000 on each one they sold in 2023. I doubt they are alone. There is also an enormous opportunity on a single minded push to EVs. That is not considering other fuels alternatives that can be used to reduce emissions. Natural gas has been used to power cars and is cleaner than gas. Its cheap and widely available and works with a lot of the existing technologies of ICE vehicles. Its also reliable and has been used for yours. The hundreds of billions of dollars used to subsidize EVs world wide, could have been spent on gas powered vehicles giving time for EV technology to progress and become more practical, this probably would have saved even more carbon because it could have been far more wide spread, less energy dependent to create, longer lived, and far far more practical and easy for people to adapt to. Imagine evacuating from a hurricane with roads filled with EVs. There are already issues with ICE vehicles getting stuck in traffic for hours and hours on end. But an EV running the AC sitting for 6 or more hours to go a few hundred miles. How will they recharge. I can imagine the scene of a EVs abandoned on the high way. EVs running out of charge and blocking traffic all over the evacuation routes. All the stranded people, snarled traffic as a hurricane hits. Don't think it cant happen, it could easily happen, I knew people who got stuck in ICE vehicles and even their phone ran out of charge because of the traffic in 2015. Oh yea when EVs flood they can catch on fires too. We were sold a lie, a lie we pay for in billions of tax money being spent, a lie which create mandates we are supposed to follow, and a lie that makes life more expensive, more complex. Who profits? Activists and those who want to control you.
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  7078. “The Fed has a huge hard-on for unemployment.” lolz 😛
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  7079. It took from 2007 - 2012 for the last housing crash to bottom out. All these people that didn’t go through that time have zero idea how bad it was. 7.5% rates are not the new normal! This is all engineered.
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  7080. In South Florida, you can basically take the Zillow monthly estimate and double it and you'll be very close to being right.
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  7081. During the last crash I put an offer on a short sale. Got the run around and waited 8 months. Short sales suck!!!
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  7082. Your forgetting the the ultimate goal might not be to keep the country the way it was is but to make it a broke ass third world county the rich will thrive always as the wealth gap grows. in that scenario it makes perfect sense to where you can’t afford anything but bills people live like this every day in other countries we think we are all so smart here and that can’t happen it’s already happening
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  7083. New construction Lennar home. Whole neighborhood look like it was built by children. Not one straight line anywhere. Horrible workmanship and QC. Lennar agent tried to explain it as "difficult to work with materials."
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  7084. My husband and I are “in between.” Our mortgage (including HOA) is less than what our increase in rent was going to be. We have bought a condo. We are in Texas and I hate yard work. HOA takes good care of the outside and it’s a good neighborhood. We are in our mid 50’s. We bought before interest rates skyrocketed. 3.6 %. The only thing that worries me is property tax.
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  7085. Traffic was horrendous 30 years ago in Miami. Today it is so bad, that it is reason enough to move away from the area!
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  7086. Sounds like the Christmas debt is still in full force. Also, the school loan forgiveness has gotten folks into more debt when already in debt.
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  7087. I was right Michael. Ian will prove to be the begining of the end for Florida homeowners.
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  7088. How many are owned by a foreign entities to hide money here.
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  7089. Dual Income Couples: they must be the only ones that can afford a house…risky…
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  7090. I am passing my properties to the next generation. I save money to fix things. Very pretty neighborhood.
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  7091. What are they gonna do next ? Rent out a room in your apartment?
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  7092. I always wanted to live in my local 55+ mobile home Park but the prices are not just ridiculous but offensive. Used to be super affordable.
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  7093. We bought a house on the 30A in Seacrest. Whole different experience
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  7094. I live near Pensacola and was talking to my insurance agent a couple days ago about my liability policy. He said the person that was there just before me, they got their new policy and it was 16,000! Might have to move overseas.
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  7095. Excellent video. Michael speaks the truth.
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  7096. Great analysis Michael. Happy to see you supporting one another.
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  7097. Michael you’re the realest . Love your contents on real estate , cars , insurance, politics , inflation and more .
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  7098. I bought in 2010, liquidating all my rentals now, taxes are insane, 20%+ every year!!
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  7099. I wonder how many people who had fairly decent jobs during the lock down and decided that working remote was a ticket to 'live an influencer lifestyle' and assumed anyplace with 'net access was their new, albeit, temporary digs? Admittedly the option of being a digital nomad might seem enticing, but the reality of it is now beginning to hit. On one hand I admire younger people who took the chance to flip the script on their careers but on the other hand, too often the lure blinds them from the downsides , which can be considerable. Looking at all the likely scenarios, this seems more like a time to not be taking risks - either financially or with their careers.
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  7100. I live in a HOA community in rural IL. We have an 18 hole championship golf course, a private lake for my jet ski, ATV and Horse riding trails, swimming pools indoor and out, a ski hill, and many other things. They just raised my HOA fees to $212 per month!!! I may move if it keeps going up.
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  7101. My neighbor had his insurance co demand he put on a new roof to maintain eligibility on current annual $2000 premium.. Concrete tile replacement was $55k and he refused,,, New home owners premium now $7000/yr... Mike you da man for packing so much useful info in this vid!!!
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  7102. BINGO! You nailed it about Zillow, Michael. I remember the beginning of Zillow and buyers & sellers would argue with real data to justify prices.
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  7103. Michael, do people actually rent a place monthly for $15K, or $20K, $30K or more?…..I can see how a celebrity or rich person would, but I’m wondering the average citizen…..
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  7104. I have friends at Freddie Mac and Fannie Mae that got laid out last Friday. It’s coming. Get yourself in a recession proof job and ride it out.
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  7105. 3:45 whoa whoa whoa…. trained and educated? By who and how much is the training going to cost?! Red flag!!!!!
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  7106. Appreciate your sincerity and honesty. There are lots of "fake rich" people everywhere, unfortunately.
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  7107. A mobile home in a land lease park is really just like an apartment that you pay for, but with lower rent and better parking.
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  7108. All things considered, I think I would (and will) hire my own inspection and appraisal, while doing my due diligence in and of itself. Seems this might actually put more power into the hands of the savvy consumer. We'll see.
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  7109. If I had a rental property I would only supply the heat and AC. From now on if you want to rent my house you will have to sign an agreement that you supply your own refrigerator, dishwasher, sink disposal and replace any wear and tear created from the Tennant like flooring and walls. And that's just an example. Period!
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  7110. Yes, Michael, house prices were lower in the 1970s, but so were salaries. Everyone on YouTube forgets that latter fact. My first purchase was a $62,000 condo with a mortgage rate of 9.75 percent. My salary was only $17,000 per year, and inflation was raging. Having almost $10,000 of student debt, I could not afford to purchase a single family house in Southern California. Fortunately, the Fed had not yet implemented its criminal QE policy to make houses cost more than FMV.
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  7111. It's so wonderful that our country is being sold out to foreign and/or institutional investors. It's a wonderful time to be alive. MERRY CHRISTMAS EVERYBODY!!! Where did I leave that air mattress?
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  7112. People who have exhausted unemployment, or do not draw it, are not counted. Aka, the true unemployment rate is always higher than what the government reports. My question is, will the feds allow unemployment to be drawn for 2yrs like happened in 2008.
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  7113. I was around in 1971My girlfriend and I could go out to a nice restaurant for five bucks.A brand new Volkswagen beetle was $2,400. Rent was $60 a month. Wages were relative To the prices of things. Gasoline was $0.25 per gallon for regular gasoline. Thanks for the good video again
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  7114. impatient people in Florida is a direct result of the sheer numbers of New Yorkers there. It simply goes with the territory. As a former Floridian and now current California resident. the two states are NOTHING like one another. Even the climate is night and day. California has turned into a cesspool so Florida will end up being my "last place". No state income tax is a HUGE factor and an important reason to live there. I KNOW when I move I can expect pretty much the same as it was back long ago. I owned a convertible and "rarely" put the top down because it was just TOO humid 90% of the time. It is what it is. Sure, it has a downside but Florida (particularly) Miami / Ft. Lauderdale is probably the melting pot for the finest cuisine cultures in the world. If you love a diverse selection of foods, Miami/ Ft. Lauderdale is the mecca for that. THAT is something I am looking forward to and so is my Colombian girlfriend. Enjoying the vast cuisine choices will be like winning the lottery. The water in Florida is nothing like California. Sure the waves are smaller, but the sheer color of the water in Florida is by FAR better than California which makes it a paradise for water activities. It's JUST better. Lastly, if you want6 diverse culture and language.............Miami again is the place for that. In fact, I'd go so far as to guess English is no longer the dominate language. If going out in public and NOT hearing English gets under your skin.........Miami is the LAST PLACE you wanna be. I can live anywhere in the world, But OVERALL..............Miami / Ft. Lauderdale is as good as anywhere else and puts California to shame. Except for the climate. So-cal probably has the best climate in the world. The NIGHTS I will definitely miss.
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  7115. I like your walking tours the best.
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  7116. Wow that was a fantastic interview. Thank you so much for the valuable information. You asked some perfect questions.
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  7117. Can't wait for the biggest housing market crash Ever. J from Miami
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  7118. The pretty flowered bushes are bougainvillea. One of my faves too,
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  7119. Same problem with used car market... So frustrating that the market wants to dump but inventory levels won't allow it to
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  7120. The most honest realtor I've ever seen. You are the best. 🙏🙏🙏🥰
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  7121. Apparently it was known a year ago that it was sinking. How scary and incredibly sad. I am glad you and Lizzy are safe and there but for the grace of God, go any of us
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  7122. Michael, make a video of the similarities of the Canadian housing market bubble to the US. The Canadian market is currently going in reverse after a 50% increase.
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  7123. I pulled out of the market in Feb, yeah it was a little premature but kept all my value and did not end up tanking my 401k.
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  7124. Great video Michael! Your right, creditors are reducing risk because of the upcoming recession for sure. They know people will be walking away.
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  7125. I’m planning on moving to Florida from North Carolina. I’m an outdoorsy kind of person and the water is super calming and motivating for me. So I feel like moving to sunny Florida where there’s sunshine and beaches will put me in a really good mental state.
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  7126. I’m thinking to move to Florida next year. Tired of the high property taxes here in New Jersey
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  7127. I was just on vacation 2 weeks ago in Saint Cloud Orlando area. I was blessed with clouds the whole time. When that sun peaked out I could really feel it. My son and I went to Siesta Key Beach and loved it. The water is so calm compared to California beaches. Besides the cool water the sand was my favorite part. Walked the whole time barefoot. I've never been on white sand and it felt so good. We enjoyed lunch under the tress and foliage.
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  7128. Once the put new construction is on hold. That's when you see it's a recession.
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  7129. Before I sold it, I saw a 50% increase in 2022 for property insurance on my FL rental property (and that was w/o windstorm/hurricane coverage). Same increase on my FL residence (and, again, no windstorm coverage). I ended up dropping coverage (no mortgage), and now self-insure. Heading into 2022, on both properties I got dropped by my carrier (FedNat) and the only carrier my insurance agent could find that would insure me was the state's insurer of last resort - Citizens. And that was w/ new roofs and electric panels on both properties, and only after getting both properties inspected.
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  7130. what sucks about zillow is that it doesn't show crime in the area ........like trulia does .........you dont want to move somewhere then all the sudden you realize how crime is after your done buying it thats a nightmare
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  7131. I wouldn't say sellers are "slashing" their listing prices. When you bought the house as an investment 2 years ago, demand double or triple what you paid for it, and then cut your asking price by 10% after sixty days...that's not much progress. Here's an example from the Midwest, using price history from the listing: 2019: Purchased for $80,000 March 2022: Listed for $210,000 June 2022: Price reduced to $195,000 That's with no improvements, either cosmetic or structural. The house needs new windows, a complete bathroom and kitchen remodel, roof is 15 years old...no garage, area is so-so. I would buy the house for what they paid for it, but no more. It's a long way from $195,000 to $80,000. Anybody who pays more than $80,000 and isn't a deep pockets investor is an idiot. You'll have to buy and hold for a decade to recover your investment (but if you're looking to take a loss or stash some cash, it's a "buy"). The seller is apparently heavily indebted with lots of "investment properties" but sellers haven't adjusted to reality yet: people are either getting laid off or afraid of layoffs, inflation is destroying income gains and then some, banks aren't writing new loans, companies are putting an end to remote work, which means Californians who work in tech aren't going to swoop in and rescue property values with their high salaries. And the president can't get up a flight of stairs on his own. No one in Washington is doing anything. Janet Yellen and Jerome Powell have that deer in the headlights look and the president, well, let's just say he might not be a big help here and leave it at that. Will that $195,000 house drop belong six figures? Depends on how long and how deep that recession is. If I were the seller, I'd drop the price to $120,000 for a quick sale and hope some dumb fish takes the bait. But dreams die hard and greedy ones die harder. To answer your question: Yes, I'm fun at parties.
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  7132. All the free bailout money printing will be causing hyperinflation very soon.
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  7133. Sheeeiittt. In other words, California rents have been maxed out for 5 years and can't go higher bc people don't have the money. In the Nashville area rents have TRIPLED since the China virus.
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  7134. Yes, real estate is a great asset to buy in the long term - but not inside a bubble!
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  7135. They can keep moving their all day like 90% of them won't be able to handle the humidity or the heat and they'll end up leaving within the first 6 months
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  7136. I was born in Belvidere, and lived in rockford most of my life... And am now here in Ocala (about 6 yrs) It's great being away from the freezing weather...
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  7137. Wow I was just looking at an investment property I used to own from 2018 to 2020 which I sold for $105K over what I paid for it. The property taxes when I owned the property we’re 2,552.00. Now they are $6,831.14. That’s a $4,279..14 increase 😳 Thank gosh I sold it. People have to know it’s not just the cost of the mortgage but also the property taxes plus the insurance. Oh and the maintence and on an on!
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  7138. 🎉❤ Happy Birthday Mickel. I love listening to you, You keep me up to date with what is happening with housing housing. How sad, that this country is becoming so bad. My husband and I, are retired.( fix income) our insurance increased. And money does not go far. Thank you f?for keeping us informed. God bless you always ❤️
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  7139. Got through my first hurricane! Thankful: minimal damage, power was restored quickly, and back to normal.
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  7140. Your neighbor had a good sale, buying the condo a few years ago for $800,000 and selling it earlier this year for $1.5 million. I’m sure she had to pay long-term capital gains tax, but she still made a good chunk of money. (I sure wish the government could lower our taxes.) And she made a good buy for her new condo. Thanks, Michael for helping her out.
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  7141. Would like to see a law put in place that prevents insurance companies from just leaving a state. You either offer insurance in all states, or none at all
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  7142. These markets are going to crash hard. Due to all the stimulus money printing and low interest rates bubbles are created. In 2008 I was unprepared and over leveraged. This time, I'm debt free cash rich, excellent credit, betting against the dollar with physical gold and silver, betting the stock market and housing in some areas will tumble 80% (I'm right already with the crypto crash which isn't even done yet). I can't wait for this crash to happen. BRING IT ON!!!
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  7143. DUDE! This was so fun. I'm a 90's rocker chick through and through and Metallica is one of my all-time fave bands. You were probably a baby or not even born yet when I went to my first Metallica concert hahhaa. Thanks for sharing all of this. You're super talented. xo
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  7144. Yep and if you leave or die they will replace you within a week. And its ok for them to give u a days notice of laying you off but oh you need to give them 2 weeks if u leave
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  7145. Three of the 11 units listed for sale in the complex are "Listed by Grigori Arzoumanov Brokered by Turnberry & Co. Inc." copied and pasted.
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  7146. The writing is on the wall if delivery companies are seeing less demand.
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  7147. It’s so smart that your videos come out around lunch time. So that I “have to” watch them as I eat lunch. You make a good lunch date!
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  7148. Michael you are a top shelf journalist with a flair for truth telling 🙏🖖
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  7149. Florida booms, Florida busts. Get out while the gettin is good unless you actually love living there.
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  7150. You made the right choice of moving to Miami, it's a nice place. I'm stuck here in southern Cali and will be moving to south Florida hopefully.
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  7151. My first house cost $155.00 a month second house $375.00 70's-80's
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  7152. a big reason why so many people want to move to Florida is - not that I have ever been there, lol - but as I speak to people in the north here, I hear more and more people say something to the effect of: I used to love/like/not mind winter and snow, but now I just don't like it, anymore snow is just too much, it's nice for a day on the trees at Christmas but after that forget it, the snow turns to slush, dirty and greyish brown, I just don't like winter. So that I think is why people keep wanting to go to Florida or some other pleasant sunny destination in Winter and many of these are retirees who keep bidding up the price of real estate.
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  7153. Very great information. I'm definitely more interested in buying a single family home, but this is interesting.
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  7154. Can someone please send the western MA housing market the memo that a crash is occuring? The market here is ridiculous. Hasnt slowed at all.
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  7155. Thanks Micheal for another great video, your assessment of California is spot on , i lived here for my entire life, From the beaches, the deserts and the mountains, I lived and experienced it all , mostly good but some bad as expected, leaving on Halloween morning and not looking back , Florida will be our next home, if things don’t work out with our friend/realtor I’ll be giving you n your team a call in the coming weeks! Take care and will see you on the beach!
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  7156. Mike keeps it so real he doesn’t even bother dying his hair. 😃
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  7157. BUYING A HOUSE STOPS THE MONTHLY PAYMENT FROM GOING UP. RIGHT NOW IS NOT GOOD TO BUY, BUT WHEN THE OPPORTUNITY COMES AROUND AGAIN, DO IT WHEN ITS RIGHT
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  7158. It is not fair that a single person with no kids doesn't get the same break tax wise as a family of 4. This is like discrimination. My stepdaughter is nearly 50, no kids and still single. Pays maximum for everything. Her sister with 3 kids gets maximum benefits and huge tax breaks. How is this fair?
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  7159. Subway also used to have the punch card where you got a free sub after you bought 10.
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  7160. While probably not your target audience, I would be interested in learning more about 55+ communities in both south and central FL as well as properties that are geared toward short term rentals (either single family homes or condos but not mobile/manufactured homes). A desirable price range would be between $70K-150K.
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  7161. People die and their houses become vacant. With an aging population and a growing senior class, and as the peak of the baby boom eventually starts to pass on, there is going to be a pretty sizable dump of houses onto the market over a fairly short period of time. Also, with lower immigration numbers due to both changes in immigration policy and Covid lockdowns, and in conjunction with supply chain issues of building materials, that's going to slow down the delivery of new housing, isn't it?
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  7162. SCAMMERS EVERYWHERE!
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  7163. I too moved to Miami Beach all alone, but I brought my job in tow. I admire that you basically came starting from zero. Then again, you came when you were 20 and I was well into my 30s.
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  7164. I use to think it would be interesting to live in the "End Times", now I'm thinking I might live to see it actually happen.
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  7165. Basic Math is absolutely absent today with housing, autos etc. A devastating event is on the horizon!!!
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  7166. That is horrific for apartment building fees Greed greed Greed
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  7167. I still don't get it how all of these average income folks can afford 24 thousand dollars a year for rent or mortgage and both him and her are driving 2 new vehicles with 500$ plus a month payments are doing it..
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  7168. I lived in the house over in Sunny Isles on 188th Street and of course it looks quite different then. My father was renting a house from a friend of his and he was selling the house to my dad for 32,000. It was a 3 bedroom two bath. My father was a jockey so we traveled quite a bit and unfortunately we didn't buy the house. But I love the area! When I live there was there was a lot of one-bedroom one-bath small houses really cute or two bedroom one bath I think there's still some left!
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  7169. Michael’s the best YouTuber when it comes to Real Estate. Love the way you speak about a bunch of different subjects.
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  7170. Michael, Here's what's happening in the trenches... Immigrants from Mexico, India, Haiti, and Venezuala are renting single rooms for entire families in houses built for a single family. There can be as many as 3 to 5 families living, each to a room in a single home. Its illegal, but its being done by mostly India immigrants that buy the property and rent out the rooms for cash. its happening all over the USA. Its how people are creating affordable living in the US. I work in the school system and see a single address registered to several families.... We send out authorities to validate the resident and that when they discover there are numerous families under one roof. We are becoming a 3rd world country. Go Brandon!!! Also, mobile home communities come with crazy HOA fees. The rent might be cheap but there's typically an $800/mo HOA fee in many communities. Its not so cheap after that.... The big companies want the real estate where these mobile home parks operate. Thus, they buy them up and raise the HOA fees until no one wants to live there....Then they convert to expensive housing with fat profits. This is no different that big company mergers.... the buy up small companies and lay off the workers.... Same thing, but applied to housing. REITs are the new growth stock....
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  7171. I'm living in a condo here in Florida. I've always lived in a house and miss the privacy but it's very affordable. Having said that, I definitely want to buy a house at some point for the garage and yard space.
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  7172. Michael; Don't forget to include property taxes in your comparison of "renting vs. owning". In C(r)ook County IL, the property taxes can approach 3 - 4% of market value as opposed to less than 2% in Florida.
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  7173. Great info, Michael. It sounds like the FL condo situation is going to get worse before it gets better.
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  7174. Waited so long now looking for cemetery plot real estate
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  7175. The incentive was to help sellers sell a home now thier getting so greedy they don’t even wanna give the buyers commission..this world is getting dumb and dumber everyday..
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  7176. I have been investing every month since 1990 and am an observer of people around me suffering. I'm paying higher prices for food, insurance and entertainment. In my state they eliminated school property taxes which allows me to continue to invest. All my friends are over extended and blame our economy. I consider myself below middle-class according to the IRS, yet I am able to pay zero taxes on stock selling if in am under 80k. I tried to teach people the game but they are not interested.
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  7177. Nice Michael! Keep up the great content!
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  7178. nope move farther away.. He admitted he could have lowered his expenses but he justified it with EMOTIONS. Wait until the value starts going down. Momma makes more money lol. Love your channel bro...all the best
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  7179. Who in their right mind would spent $40k a month for rent People with no Common Sense ! Yes we have a New Home, the rent for $3,800.00 This home 2 story "just your average" home nothing fancy They have a renter who's paying that amount These homes here just from $250K up too $400k with in 1 1/2 years, know that's NO JOKE .
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  7180. Google cutting hard today as well. You know the shit show is over.
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  7181. Thanks for this explanation. Dude you say things so well. My inlaws have been taking out equity from there house so many times in the last 8 years it's ridiculous. They have spent the extracted money on vacations and home improvements. They are over $30k in credit card debt and there is no end in sight to their frivolous spending. They keep up their upscale life style using credit cards. Instead of buying eggs with a credit card, they should be eating rice and beans. This is why prices remain so high in the economy, because people are just charging away. If you are wondering why inflation is so bad, and not going down, this is why.
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  7182. Bruh, I'm spending half my income on rent. I would love to be spending it on a house.
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  7183. I remember when 7% was considered a very good rate.
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  7184. The proximity thing goes for workers who step up and work the overtime etc . You have to be proactive and do those little things now if you want to help seal your job security !!
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  7185. My neighbor in Fort Myers claimed roof damage about six months ago and the insurance company just dropped him
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  7186. If you have equity in your home, sell the house, buy a property outright. Get rid of the banks, get rid of the insurance company, install offgrid power and get rid of the power company, put rain tanks on your property and use your roof as a catchment and get rid of the water company. You have now plugged all of the holes in the sieve that is your bank account. Use savings to create your own disaster fund.
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  7187. Moved to Florida from the Midwest. Nice laidback people, Reasonable real estate costs and beautiful weather. New Yorkers and California brought the crowds, high costs and entitlement to Florida… not worth it anymore
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  7188. Dave Ramsey is heavily invested in Real estate. He's not going to say anything to hurt his investments.
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  7189. The gas–lighting is so funny: if The stock market goes up 20%, if the Chinese economy booms, if Santa Clause comes early... so stupid
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  7190. I didn't enjoy living in Daytona the two years I was there. It has a really run down feel to it, its full of crime, the night life scene at the beach is pretty trashy and sketchy at times. I think Ormond beach, which is basically connected to Daytona (you can drive straight through both without getting on a highway) has a much higher quality of life. Pretty nice neighborhood residential feel.
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  7191. I didn’t know that Florida was the most visited place in the world! Cool!
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  7192. Michael I fully agree with your way of thinking… Criminals need to have massive consequences like having their hands chopped off… It shouldn’t matter if they’re on drugs or not. We need Extreme extreme penalties
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  7193. New buyer tip: When you buy your first home replace the toilet rings yourself as soon as you move in . Use the new foam type rings and not wax.
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  7194. Dollar Tree has replaced all of their cashiers with self check out in my area. Actually the service is better.
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  7195. I'm sure my friend group is different than most, but honestly a lot of them just moved to Europe and brought their high skill sets with them. They see the situation here as unwinnable and one where you have to be a literal workaholic to have things like a home and health care. They now live in Spain and can live a much higher quality of life for about 1/4th the amount of money and much less stress thinking that you are one bad economic report away from losing your health care. It's been rather eye opening.
    12
  7196. The most level-headed man on YouTube possibly on planet Earth.
    12
  7197. In my opinion, I highly recommend saving up some money before moving to another state. If you're moving somewhere that you know nobody, have no family or friends in that new state, then it's pretty much gonna be a challenge.
    12
  7198. Wow, I wish I could just vote to double my own salary. How does that happen? Seriously. How do I do that?
    12
  7199. Correction: nothing capitalist about the Fed buying securities of the same assets a corporation is buying. If it truly were a free market, this wouldn’t be happening and they certainly wouldn’t be getting debt at 1-2% interest.
    12
  7200. There is a lot of empty apartments where I live in fort Myers ,fl
    12
  7201. This is nothing new, these crooks have been doing this for years. 😂
    12
  7202. I agree with both Stephen and Michael suggestions. Investing is risky but it does give you a return on investment 😉. Gold is a great tool to protect your purchasing power against the inflation. Additionally, Gold is an insurance during the recession and dip in the stock market. I recommend both advices, put 15% of your total portfolio in Gold, 10% in bond, 35% in index fund (passive management) and another 40% in real estate. Basically, just spread your eggs in multiple baskets 🧺
    12
  7203. This is why I wouldn't move to Florida. It is not cheaper to live there anymore.
    12
  7204. Looking forward to your post trip thoughts. Consideration of the obvious wealthy/ average gap. It’s odd to hear you go on about how most cannot afford to own a home, while you swan around only 1% properties. It must make you stray into how the “ American Dream” is no longer available for the majority.
    12
  7205. Unfortunately the outrageous number of people who flocked here has destroyed the market. It's absolutely ridiculous.
    12
  7206. Question? Michael how come if you rent,you can screw the landlord but if you own a house,the bank comes in with the cavalry in record time 😮
    12
  7207. I was at my bank this morning and was shooting the breeze with the manage and one of the tellers. They were telling me about a restaurant customer they have where the owner was telling them how tough things were with inflation. He's in a Catch 22 where his costs are growing and there is only so much he can raise his prices before his customers stop patronizing his business. The manager of the branch said how long can you stay in business when you're losing money?
    12
  7208. Checked out a listing that sold for 550k in June 2021, they now listed it for 720k not even a year later. I don’t think this is sustainable and a crash is simply bound to happen.
    12
  7209. Can’t believe people would hand over that sum of money to an investor
    12
  7210. This is absurd..!! Those properties and homes are simply not nice enough to warrant those prices..!! The whole country is seeing this right now and it's down right scary..!! My property value has gone from $160000 to $694000 between 2022 and 2024..!! Never seen anything like this in my life..!! They won''t deflate the values,,,, so,,, I suspect we'll see super extended payment plans being offered soon..!!! Are 50yr mortgage and 20yr car loans the thing of the future..???
    12
  7211. On that builder deal, they will search for tenants and make sure they're not paying more than needed. This could equates to $0 in incentive for you as well. Who knows on the rental amount they'll guarantee too. I bet it's close to market values, but I'm sure they'll give themselves some wiggle room. It will probably only cost the company some extra time to rent, but it could lead to some big headaches and risk if tenants don't pay and won't move or keep moving.
    12
  7212. Hey Michael, Still no relief in South Florida. Rent is way too high!! 😒
    12
  7213. Moved to Santa Marta Colombia. All in with maid 3 days a week, block off the beach(100k condo) . All in with health insurance for $2500/month. For real!
    12
  7214. Yes we think you're being a little bit harsh on the homeless They have no where to go This could happen to anyone and we're not talking about people that are on drugs that was their choice. apartments are Sky High sky high people are losing their jobs,homelessness real homelessness is not a choice
    12
  7215. We moved from Dallas to OKC away from family etc. It was a big adjustment but glad we did have a way bigger home here in a better area. People should think about getting out their comfort zone
    12
  7216. Why would they want to work, if unlimited money 💰 can be typed into existence.
    12
  7217. This obviously is regional thing. Minnesota has been pretty resilient with closures and real estate. With that. I do believe it's eventually coming
    12
  7218. One of the best channel on the subject. Keep up the good work, Mike!
    12
  7219. Love your videos…keep it up 👍
    12
  7220. Thank you for sharing your personal information because it makes it real for the rest of us... knowing that I am not alone in this drama somehow makes me feel better. What I don't understand is why prices of anything are going up?? corporation don't pay high taxes, they have the cash so why are prices going up??
    12
  7221. Another concern about selling farm land is the location. Some foreign nations try to buy large areas of land near the missile bunkers and other strategic military bases. Great shot of the diving Pelicans.
    12
  7222. So this is how "paradise" turns into financial hell.
    12
  7223. 15 Billionaires had major deposits in First Republic Bank. That means the taxpayers bailed them out also.
    12
  7224. Redfin: home buyer demand up 14%, average FHA mortgage 5.65% and inventory is down 10% since start of the year. I understand we are only 10 days into the year but do you think the market could be bottoming? Builders have stopped starts and will pivot to luxury only. Just like automakers are “scaling back” on lower end vehicles. No inventory for the middle class. My market has nothing close to pre-pandemic. We are still 30-45% away. Not to mention that there is no inventory that can even crash…..not trying to be negative…I’m just not seeing it. I’m in St. Louis mo. Very humble lower middle class area.
    12
  7225. I love how no one wants to talk about the effect that illegal immigrants have had on the housing market.
    12
  7226. sometimes is good to listing to your intuition you god's given inner voice ~!
    12
  7227. For the past three days I have seen a lot of price reductions in parts of New England.
    12
  7228. I would love to buy a home but I refuse to do it without a healthy down payment and sizeable repair fund. I'll keep renting for now.
    12
  7229. Thank you for the daily Uploads Michael! You added so much more to my knowledge about the Housing Market and the Economy. Thank you Michael 😊
    12
  7230. PREPARE FOR THE WORST AND HOPE FOR THE BEST" HAPPY NEW YEAR "👍
    12
  7231. Really enjoy your channel! Nice to see your wife joining in.
    12
  7232. I bought my home in 2006. Now it’s wourth 1 million…. Not selling…. My taxes are only 400 bucks a month. !! When I sell and replace the same home !, I’m at 7k a month in taxes !! Have a good day !! 59. ! This dude is right !!
    12
  7233. Not to split hairs...but Inflation doesn't mean "cost is up" it means the value of the dollar is down
    12
  7234. This is my problem … me and my wife we have about 180 grand saved up and we make decent money but still not willing to pay 5-7 grand for a mortgage here in southern Cali ! Love the videos!
    12
  7235. What’s a good place to live for vegans and someone that loves going to the farmers market? Thank you. Love you videos.
    12
  7236. I live in Pennsylvania. 8" of snow on ground more to come tomorrow. Retired and want to move to Florida. One problem, wife doesn't want to leave grandchildren. I'm screwed!
    12
  7237. Can’t believe this couple didn’t know with a mortgage you have to have a policy. Our home is paid for and I would never be without it!
    12
  7238. Tax people out of existence, that's the California way
    12
  7239. Home Owners Insurance for Florida needs special attention by the State legislator .I recently had my Roof replacement for my Town home through my HOA . The Private Community was build in 2007 and we had a roof issue that when back to the original builder, even so I had a partial assessment. The reason I mention the Roof replacement is I was able to get a slightly better rate , I heard that in many cases they will not insurance any home with a roof over 15 years old. ...I hope that all the concerned by Climate Change Alarmist do not make Florida an insurance risk and ruin the State .Much of the concerns are computer projections that are like 50 years from now and extreme. Yes it is true Miami has flooding concern....I am confident they can be controlled
    12
  7240. When I look at these huge value spikes and now these downward trends, the idea of “recovery” is in the eye of the beholder. If you think of it terms of the market returning to a healthy, sustainable level, then further reductions are a good thing. If we can get the market back to a level where values are about 10% higher than 2020, that’s probably a good healthy level to build from. Of course If you bought at the peak of the market, your perspective will be very different.
    12
  7241. LOL, yeah it is not the typical Florida town. Most people settle there (me) because of the large lots and horse ranches.
    12
  7242. Recently I backed out of a deal due to contingencies. The seller agreed to fix one of the discrepancies, however (4 days prior to closing), I hired an additional inspector that found the discrepancies were not properly corrected. I asked for additional $20K to close. The cellar disagreed so I pulled out & just got back my earnest money
    12
  7243. Your wife is such a good sport to put up with you shooting this video during this beautiful walk. Thanks to both of you.
    12
  7244. in a lot of counties it's no longer legal. If you see just a handful in a whole city it just means a few people were able to skirt the system. Monthly discounts or weekly discounts are typical, that's why it's significantly slashed when you hit that 30-day mark.
    12
  7245. Buyers aren't as smart in this bubble like the last. Yes, prices rose and caused a huge bubble back between 03-06, but buyers for the most part did inspections and didn't buy a home sight unseen. This recent bubble in large part was caused by buyer's desperation and they would buy anything with much more disregard compared to 20 years ago.
    12
  7246. Pro tip: You can live with debt, but you cannot live without money. ☝🏿🧐
    12
  7247. I use a manual lawn mower just so I don’t have to buy gas. I’m not getting controlled by the oil company. I also use a bicycle to go to the store or I walk and take a little dolly to bring my pop back home. Doing my bit for the environment.
    12
  7248. It is so cool to see both of you together walking. That caught me a bit by surprise. I very much liked how both of you talk in alternate and respect each other. You guys look so badass!!!
    12
  7249. I’m full cash ready waiting for the crash to come and get in at 30-40% off
    12
  7250. Michael words of truth about the EV. I am glad you covered the part as to what is used when charging your car. People don't think of that.
    12
  7251. 30% higher gas prices don't seem high when you're visiting, but if you were working and traveling, you would feel it.
    12
  7252. 5 years ago when I left SoCal I was surprised to find out that FL has some of the highest Auto insurance in the country. Uninsured, unlicensed, very young summer fun drivers, and retirees drive up the price. Also its a melting pot of drivers from the Carib, south and Central Americas.
    12
  7253. Thank you so much. This was perfect and on time......I'm on my way in February
    12
  7254. I like the old days interest rates hit 21%
    12
  7255. michael get this.......more youtubers coming possibly to florida.....now german youtubers are relocating to florida....i think its the open living now...but its crazy...it will go up....
    12
  7256. Right on, Michael. There are educated opinions and those shot out of a certain orifice.
    12
  7257. You're 100% about the Fed's impact. That drove up prices more than anything else. My argument against government intervention was more stemmed from stimulus packages, which likely ended up in the hands of hedge funds itching to gobble up properties. But I think the Fed and government worked hand in glove to contribute to this mess and now blame free market capitalism. A true free market IS the solution, IMO. That said, I was not aware so much Florida real estate was foreign-owned. Perhaps government intervention is warranted here.
    12
  7258. How much money they can print,before it blow up ,interest will be 7%-9% minimum,that’s the reality
    12
  7259. Glad you’re doing hermosa. It’s the beach town that I started visiting because his grandfather lived there and was a pilot, so LAX was close by many years ago. Hermosa isn’t as uppity as Manhattan Beach and is nicer than redondo. Take a look at Palos Verdes just past redondo. Very different from the other beachside communities.
    12
  7260. H.O.A.'s are a HUGE liability for homeowners as it introduces the 3rd party risk of a "custodian" over your property that is not you or the lender or insurance company. This custodian can break civil and criminal law and you will be financially liable for their acts weather malicious or through ignorance.
    12
  7261. The rent is too damn high!
    12
  7262. The way she said that these people can barely afford a $2 million home makes me want to throw up in my mouth. A $2 million home is a lot of money. You need to be making a TON of money to comfortably live according to the 1/3 rule.
    12
  7263. Seriously, who are these idiots thinking they can rent/sell these houses at these sky high prices? I get it that there is a lot of coke in FLA, but this is ridiculous!
    12
  7264. Foreclosures going up; inventory coming.
    12
  7265. What price cuts?? 😆 People are in denial. Esp sellers .
    12
  7266. I'm sure the neighbors think you're scouting the area
    12
  7267. 🎉🎉🎉. What a smart move getting a Local on your video today. She sounds like a very reasonable person. Like I keep saying…. Things will be so crazy different in a year from now. WE ARE IN A RECESSION RIGHT NOW ❗️ We will get to a DEPRESSION within the next year or so ❗️ I’m saving my money, paying off debts and getting ready to take advantage of some great deals 🔥❗️ Thank you Michael for doing these daily videos and working on your vacation. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    12
  7268. Alligators are everywhere in Florida, they are in canals, lakes, rivers and ponds.
    12
  7269. Ty, Michael, for this video & others. I'm a 66yo, 23:30, disabled veteran who has never owned a home in my life. I make now about 53.5K a year, owe nobody anything, and since I started 2 1/ 2 Years ago, my credit because I just always just paid cash for things. Anyway, I improved my credit rating from 580 to 751. I was about to jump into purchasing a home, a lifelong dream. I say Ty, Michael, because when about a year ago, I was going to jump at most anything, but listening to You & others , I was able to curb my excitement in owning a home. This posting further solidifies the wisdom I learned from you~ "
    12
  7270. Potential condo buyers should get information about reserve studies and what is in the reserves, before making an offer or have a satisfactory review of the reserves as a contingency allowing cancelation of the offer.
    12
  7271. in the span of one week, everything in my grocery cart went up at a minimum of 11%, each item jumped!
    12
  7272. Totally agree, tighter credit without a doubt. IBM replacing jobs with AI and others will follow, so we will see unemployment due to AI too. Thank You Michael and Happy Saturday!
    12
  7273. Démocrites introduce Bill to ban hedge funds from owning single-family homes. The lawmakers say that the only purpose for hedge funds to own homes is to make profits and that such investing has only made it more difficult for working class Americans to afford to buy a home. The bill is called the Stop Wall Street Landlords Act and aims to curb the practice of investment firms with loads of capital scooping up homes for investment purposes, leaving regular buyers unable to purchase homes themselves.
    12
  7274. The only way the prices for homes to go down nationwide would be a number of big things that are going to hurt, such as a nationwide unemployment rate of +10%, and/or interest rates at +10%, and/or state/local governments incentivize developers to increase home inventory.
    12
  7275. What will the US look like when pensions fail 😳
    12
  7276. 🌴🌴🌴 Thanks Michael 👍 You always bring great content. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    12
  7277. Inflation is such a mean robber of our money and the purchasing power of the dollar!
    12
  7278. When you're out walking, I feel like I get some exercise with you. Thanks
    12
  7279. Let's check back with Jason sometime around July and December of 2023 and see how he feels about our " not so bad recession. " Sounds like he has some vodka in his kool-aid.
    12
  7280. Great video! So funny that you mentioned the 700 square feet minimum in some Florida counties. I have been seeing “small homes” (shacks, practically) for sale in dicey areas here in San Diego, going for $600,000.00 and up. So crazy! Glad you made this video!
    12
  7281. Michael, I'm hoping and praying for a Recession. I can't wait to buy another home. I have cash, I can wait because I just celebrated my 3 mos in my RV. I love what's happening with it all, it's exciting for me. Midwestern people know how to live because we live within our means. I want a Crash because most of us can start over. Yes! A CRASH. You people that bought high will pay a heavy price, you will loose major money. I'm smiling.
    12
  7282. We need to see cheaper Lays Potato Chips- $6.95 for a half filled bag is outrageous…
    12
  7283. My fellow Californians come to Houston. There’s a lot of jobs out here.
    12
  7284. I watch both of these guys on youtube and its great they got together to share their ideas.
    12
  7285. Michael, Your one of my favorite YouTubers, Thx U for your knowledge & input. . we appreciate you, pls keep it up👍
    12
  7286. Mike, for future reference, " Reuters " is pronounced " Roiters ". Thought you'd like to know. Good Job.
    12
  7287. Prices will tank as soon as foreclosures starts flooding the market by the end of the year... you can bet on it.
    12
  7288. This is great seeing the different beaches as you move northward. Very cool! Lizzy, cute outfit!
    12
  7289. Parents and grandparents paying for down payments of their children and grandchildren just exacerbates the problem.
    12
  7290. My purchase was a foreclosure. But I was able to walk the house and do an inspection before closing. Definitely helps if you are a handy person to avoid calling a repairman
    12
  7291. I visited Miami recently. The prices of food are very high! Housing rental has also gone very expensive !
    12
  7292. Good news, the insurance delima may thin out the population 😂
    12
  7293. Michael your information about the trucking industry was spot on. I drive for a major carrier, our peak season in 2023 (Nov- Dec) volume dropped by more than 80%.
    12
  7294. SUNDAY GREETINGS MICHAEL 🌴🌄🌴
    12
  7295. Everybody pretending to be a victim in this society always pointing their fingers at politicians but aren't those people who sell their houses for a big profit responsible for this crisis? Nobody is forced to sell their house for the highest bid just sell it for an affordable price so every blue collar worker can afford but greed is like a disease they can't get rid of. The same is happening on the car market. We , the people are the problem.
    12
  7296. "Make prices great again."
    12
  7297. You guys have an excellent chemistry in this walking discussion. Lots of interesting ideas bouncing between you. Thanks!
    12
  7298. I'm pretty sure everyone in Illinois has already mental moved.
    12
  7299. I have a 2.6 rate on a refi in dec 2020. I'm staying put. I have a duplex in Miami near Miami shores might list it next month.
    12
  7300. It's just the market correcting itself from being overpriced this past years is just my personal opinion
    12
  7301. Just whent to go look at some homes here in Texas. Realtor made it clear that the home builders will do almost anything to get you in a house.
    12
  7302. I was living in Southern California for 2 years and came to Miami Beach. I been here for almost 6 months now I can’t wait to go back to SoCal I just gave my landlord notice I’m moving out next month . The humidity here alone is enough of a reason for my departure lol
    12
  7303. That water looks so right just about now. 106 out 😢
    12
  7304. Michael you know who I am I sold my house in Cape Coral in July of 2022. The insurance is probably the main reason why I decided to sell my house and thankfully so. That was nine months ago and I saw the writing on the wall as clear as day. I do absolutely nothing about real estate. But I do know a lot about common sense. 😀
    12
  7305. As a native Floridian, I give a big thumbs down to Orlando! Disney ruined thousands of acres of Old Florida and contributed to urban sprawl. Full disclosure, I’m not a Disney fan, or theme parks in general. Since I’m from north Florida, I’m unfamiliar with the Miami area but Miami Beach is an unnatural beach and floods pretty badly in even mild storms. Also, the sprawl has damaged the Everglades which is terrible. Big thumbs up to St Augustine. I have many fond memories of St Augustine from my youth.
    12
  7306. Work on paying off your home asapforget insurance.. gotta get a mindset of surviving in 1800s
    12
  7307. Florida has better Beaches than California. All the Beaches in FL are fantastic.Such an amazing place. Thanks for sharing this video. Peace out!!!
    12
  7308. I'm surprised this news is only now coming out. My husband got transferred twice between 2016-current. We sold and bought 3 houses in that time. We used Next Door and some other similar company for each sale. We got more than we paid from Next Door, etc., and were able to focus on getting out and over to the new place. We did use an agent to buy our houses though, and that person got commission. Anyway, those businesses have seriously disrupted the real estate business from my pov.
    12
  7309. Another great video! Love how you cover all perspectives and there is no slant to your info. Also, you're humble about your delivery, just point and shoot, no fanfare.
    12
  7310. 20$ for a bowl of chicken and rice is beyond ripping off people. Here in Puerto Rico, you can get a nice place of said food for somewhere around 8-10$
    12
  7311. Have a feeling it will not pass. However, it is interesting to see the Florida legislature acting in ways that make sense. I would love to see non citizens restricted from bidding up the property market even higher. You can be sure that they would still use corporations to go around this.
    12
  7312. PIzza Hut out of California fires 1200 delivery drivers as their minimum wages jumps to $20. With rising minimum wages inflation can't go down. Inflation here to stay.
    12
  7313. Great info. As usual! Thanks Mike! One of the very few youtube channels I look forward to watching everyday.
    12
  7314. $849.65 hvac repair today. I have a house repair account for such things. That was considered a minor repair.
    12
  7315. Here in Ohio in 2009. Homes actually dropped 50 percent..
    12
  7316. The home flippers are still out there and thriving for now. Last week a townhome across the street from me (new townhome) sold for $468K and three days later it was relisted on the market for $540K - THREE DAYS AFTER CLOSING FOR $468k. That is a $72,000 increase in three days. Absolutely ridiculous what millennials are willing to pay in order to use their 4% rate lock loan before it expires. They will regret it in another 2-3 years.
    12
  7317. The California weather was the reason why this girl from New Orleans moved to CA as a young college student and never left. Enjoy the blessed sunshine and outdoor air conditioner, my friend.
    12
  7318. Beware, whenever you have issues like these, in this case tiny homes, you have to look at who may think they something to lose by increased popularity (certain businesses, and other homeowners who are worried about the value of their own properties). Those groups will lobby hard against any easing of zones using clever arguments with noble reasons.
    12
  7319. If you lose your job you can get another. Not every job is a super glorious one but the college kids always say “well I didn’t go to school to be a laborer!” Get another job even if it’s “below” you or even part time! It’ll help your emergency fund last longer.
    12
  7320. The housing market needs to get normal again- very hard what happened in the last 3 years 😅 Like for a trash house spend 2-300'000
    12
  7321. Sunshine State Forever.👍
    12
  7322. I’ve commented on another video about this subject. Just waiting to find out about a job I applied for. Here’s hoping, right! Ready to leave California.
    12
  7323. Sold my place year ago. Made double. Moved to Myrtle Beach. 1200 a month..lol. Debt free. Just going to chill, work out wait till this Biden S&^tstrom passes..if ever...F-Austin TX
    12
  7324. I'm 37 and the median age in my neighborhood (Jacksonville) is 55. Not a retirement neighborhood by any means, but I like it. It makes me feel young! People are friendly and quiet. With that said, I've visited Flagler Beach multiple times and your observations are accurate. Definitely a much older vibe (i.e. snowbirds and retirees). I think Palm Coast is a similar vibe but more populated. A younger vibe can be found in St. Augustine (as you already know) and Jacksonville Beach. But those cities are very expensive.
    12
  7325. The difference in savings 3rd world vs USA is that America, our lifestyles goes up when we get a raise in wages. 3rd world nations save that extra income to put to a more sustainable future.
    12
  7326. The rent is too damn high!
    12
  7327. Investors should not be allowed to buy single family homes, I know that would never happen because the government could care less what we can or cannot buy
    12
  7328. Totally criminal this student loan stuff. Hopefully someone will get in and stop it. I just finished up school and worked so much and paid in cash. My friend decided not to go to school because of the costs and I just think its crazy that if I got a loan he could have been forced to pay off my loan in taxation or inflation. The books I had to pay for in school were like $300 and were no where near as good as the $20 books I get to learn things after school.
    12
  7329. Eggs here in Phoenix were $9.99 for a carton of 18 at the 99 Cent store. A bag of Doritos costs at least $5.
    12
  7330. I think it's easy to predict crashes too soon. Things move a lot slower than we realize and even when something moves fast, in hindsight it took a year or so. Even if Q3 or Q4 of 2023 is the start of the housing downturn for most markets it could take until 2025 or 2026 before it's over. Just remember the peak of the housing market last time was like Q2 05 and the bottom didn't really happen until around 2010.
    12
  7331. So could you imagine paying $80,000 for a pick up truck at a 6% interest? And then look out here comes auto insurance., I personally think they should make your payment with your auto insurance and the interest and the payout before you sign anything.
    12
  7332. A fifty percent drop in prices is the best possible outcome over the next four years
    12
  7333. I bought my house in the villages Florida from an investment company in August 2023. A couple months ago I got a letter in the mail from the same company offering to buy the place, lol.
    12
  7334. Totally agree with you. I’ve lived in CA (West LA) which is a very nice area, however, the amount of homeless you see everywhere you go, it’s not good. I’m planning to move out of CA due to high taxes, high home prices, crime is growing, and they’re talking about more taxes. However, I do love the state. You can go from the desert, to the ,mountains, to the beach, to the city, all in the same day or a weekend, but even that is no longer worth it. I do love the variety of restaurants. You can eat food from all over the world, I’m a foodie, so I love that. And the different activities, places to go, it you have to make good money, because if you want to do all of this, trust me it is very expensive. With that being said, I’m still moving out of CA...
    12
  7335. Rate hikes lag approx 12 months, which means what we are feeling is from the rate hike done back in April of 2022. The reason the Fed have slowed to 25 bsp and thinking about a pause is to see what the effect will be from previous rate hikes.
    12
  7336. Seems a controlled demolition when you see the collapse moment in Telegram's videos.
    12
  7337. Given that your audience includes people outside the USA, do consider mentioning temperatures in °C and °F side by side ... ditto for distances and speed limits in kilometres & miles 😃
    12
  7338. Some of us knew this was coming and are long cash as cash will be king just before hyperinflation kicks in. The sales are already starting and I've been buying PM's & art at such a discount that it feels like robbery. I feel sorry for anyone going into this Long Emergency that has debt.
    12
  7339. As person with a home in California, the explosion of homelessness is out of control. Also car break ins are the norm. Florida is so much better. I just bought a house in southwest florida and i am selling both Cali and Illinois homes. Time to go to Paradise.
    12
  7340. St Petersburg, Tampa, Clearwater beach, Hillsborough. One of these areas I'm gonna live in 2 years from now. I gotta start my research. When that time comes and I tell my family I decided to move out of NY and live in the sunshine state, I know they're gonna be sad about it but hey, I was born and raised here and I need a change and watching your videos about Florida just intrigues me more and more to move there. I've originally had Texas, Arizona, California, and Florida in my mind where to move to but right now it's Florida.
    12
  7341. Yeah. My nephew worked for an Indian guy who owned some hotels in Indianapolis. That guy took out PPP loans and fired all the maids, bought 2 brand new expensive cars, made the guys at the desk clean rooms and fired my nephew. Pretty sure he didn't use those loans to pay his staff.
    12
  7342. Bro you're doing gods work interviewing seasoned vets for us on the west coast, thank you.
    12
  7343. Seriously homes in America need to drop in price by 50%…
    12
  7344. The rent is too damn high-and so is insurance of all type and property taxes!
    12
  7345. Priceless contents Michael! I feel like a Florida man after watching these! There're so many in-depth and valuable info you never find anywhere else.
    12
  7346. Most Employees can be easily replaced but quite frankly if you making money for you company they can't afford to lose you so let them threaten you all they want , be strong & stubborn. It saves so much to work remotely on time & energy . Hang in there!
    12
  7347. We appreciate our host for these outdoor walk-around R E segments. Always learn a lot.
    12
  7348. Thanks for Sharing Michael , Guitar riffs of the charts and a good way to piss off the Neighbors!
    12
  7349. Either prices correct or we go through a wage/inflation spiral until we catch up to affordability or some combination of the two. Prices trading sidways in my opinion is wishful thinking. But i guess this time might be different.
    12
  7350. I am from India, I like your videos, heard about the brick story, in India we use bricks and houses are stronger. I think it depends on what kind of brick, here bricks are burned, before use and plastered with cement and strong strong for centuries 😌🙏
    12
  7351. I just learned this morning that a cousin of mine who spent her entire life in Northern California, just moved with her husband to Florida, after he inherited a residence there after his surviving parent had passed away. They are NOT LIBERALS, and were happy to move to a State where the Governor is more aligned to their way of thinking!
    12
  7352. Oh they'll let it fall. Once the elites and corps have secured their end.
    12
  7353. It really is getting scary out there I'm seeing things in my safe little community in the suburbs that I've never seen before if this trend continues Mad Max could easily become a reality and you won't even want to leave your house
    12
  7354. I currently live in Boise Idaho, work for the state government, and am a 28-year old Therapist. I make roughly $55k a year and techs make $16.00 an hour. There is absolutely no way any government employee can afford a home let alone rent at this time in Boise. My rent has consistently risen to 60% of my take-home pay. My wife and I have been extremely smart with money and have close to $60k in cash in the bank - waiting patiently until the market drops here.
    12
  7355. Michael & Lisi! Happy Friday 💙💚💛 I'm so glad the weather is so gorgeous there at Manhattan Beach🙂 Have the best time!!!
    12
  7356. I just Love to start the weekend with a video from Michael!😊
    12
  7357. Great video Michael. I think timing the market is generally super difficult. That being said my wife and I are holding out for 2023-2024. We believe: 1) Long term demographic trends are not favorable; and 2) Boomers and investors will start to unload extra housing inventory en masse, especially if the stock market continues to decline.
    12
  7358. These prices are INSANE. A million dollar house in TORRANCE!!
    12
  7359. I think having 2 remote jobs have always been a thing. I remember reading an article last year where a worker was working remotely and making $150k at one job and $90k at another job. I think that’s why corporate America is shying away from remote work. Because like Elon says some ppl “ pretend “ to be working.
    12
  7360. I feel bad for those who bought a house in the last couple of months. They will be locked at their houses for over 20 years. Let me explain why. Price drop is 20% of total houses, inventory is up, and everyone know we will have at least 10-15% price correction in near future. If you buy your house with at least that price reduction, even if with high interest rate, your monthly payment will be lower vs buying a house with high price and low interest rate. Also, if you buy the house cheaper with high interest rate, you have the option to refinance it later and you can deduct interest from your tax. There are tons of benefits to wait and get a better deal vs being emotional and cry later.
    12
  7361. Keep showing them, Michael. It's fun seeing how crazy people are. 😆
    12
  7362. Would not buy a home now. Even though the mortgage interest rate is a little lower, home prices are still too high.
    12
  7363. I heat my home with firewood from my property, inflation proof energy for the rest of my life 😎👍 I even cook on the woodstove it's a double whammy
    12
  7364. Michael, thank you for being a voice of reality and truth. I love you videos.
    12
  7365. Thanks for the video. I'm from Canada, thinking about investing in to real estate in Florida (Rental Property). If the price does go down 25-40% in few year, do you think that's gonna be a good investment?
    12
  7366. More beaches please...
    12
  7367. One thing that's safe to say, there's many who think things are going break next year (most thought this yr, including me) and many think we're going to be fine. It's incredible, and the more I think about it I feel like we'll be fine despite how much I disagree bc I know I'll hustle more if need be and the Fed will do EVERYTHING to hold things up
    12
  7368. Buying a camper and living down by the river is becoming more and more imminent for us Millennials and Gen Z. 🚙 🌊:face-blue-smiling:🙃😌
    12
  7369. The chances of doing 18-20 due to divorce isn't worth getting married and having a kid. Not as a man anyway.
    12
  7370. Congrats on the subscriber award! You especially deserve it for how you had to pivot your channel to deal with the insane changes in the real estate market. I started watching during the Covid lockdowns when I was thinking about retiring early, and I enjoyed videos like the "under $200K condos walking distance from the beach!" What happened?! Good luck, Michael, and keep it up. ✌
    12
  7371. Michael, 3 years ago i got divorced and my ex and i hated each other so much we decided to let our home of 14 years go into foreclosure where we lost $200K, rather than see each other get a cent. She thinks she lost more, but I paid for all the renovations including a full solar system that totaled over $150K, so yeah I am certian I lost more. Now I am in the market to purchase another half mill home, but this time with cash. So this Real Estate crash cannot come soon enough.
    12
  7372. Have property but don't even consider renting it for these exact reasons.
    12
  7373. “North Florida” looks at Ocala Mhm.
    12
  7374. If your home is paid for and you have no debt, you would be surprised at how little you need to live well.
    12
  7375. June 2021, I refi'd into a 10-year mortgage at an ungodly low 1.875%. Payments are a bit high, but good God. Principal goes down by more than $2k per month.
    12
  7376. We live in PA and retired. Love the three season and won’t move. Do not like the winters at all. One dream was to buy a second home in FL. That dream is gone. We won’t pay those prices and expenses for 3-5 months. Prices are the main issue. The taxes and insurance are the concerns. HOA expense are also expenses 10:52 we can’t control. For now we rent for those months but that may be coming to an end with those rental fees increasing.
    12
  7377. This is what happens when billionaires trying to become trillionaires!!!!…..it’ll never be enough for them!!!
    12
  7378. Home sellers are suffering because they are also idiots right now. There's no way they didn't allow the real estate agent to relist their property at a higher price without their permission.
    12
  7379. I bought a house in Boca back in October and the zestimate today is up 70K more than I bought it for. The real estate market is insane down here.
    12
  7380. Does this means there are no more lines to get into Gucci, Chanel, and a Louis Vuitton? That kind of demand for over priced goods people were buying with free stimulus money was so amusing and pathetic to me. 😂 remember this one thing, once prices go up they rarely come back down.
    12
  7381. Hi Michael and everyone ❤❤❤
    12
  7382. I am WFH. In my field, it's fairly standard. We had WFH to a lesser extent prior to the illness as well. Everyone in my department is WFH. We have not been asked to return, and in fact, we have been hiring more remote workers located nowhere near an office with no intent to have them ever come into an office. My manager, my director, my colleagues reside in totally different states, sometimes different countries.
    12
  7383. As a human being deeply connected to nature and my place in it, living In a concrete and steel tower is completely counterintuitive. I do not understand the attraction.
    12
  7384. Dont get caught stealing at Walmart. They wont have you arrested. They do worse by putting your name on the Walmart theft manifest list. And, its tied to the check out registers at all Walmarts. One day you go Walmart shopping and use your debit or credit card and it will decline the sale. Cash, of course will work whereas they cant cross reference the name. Most have CC or Debit card nowadays.
    12
  7385. Hi Michael. What I see going on in my native Northern New Jersey County of Bergen, made up of mostly affluent municipalities, is a pattern of homes being listed for sale, going to contract, and then a week or so later, relisted as "back on market." I'm sure that you know why that is, but what everyone may not know, especially those who will be financing their home purchase, is that if a property does not appraise at the contract price at minimum (several lenders want to see the appraisal come in over the contracted price), the bank will often turn down the loan, and the deal dies after the appraisal. While some lenders may be willing to proceed with buyers putting the "traditional" 20% down, to negate the PMI requirement, property values are so over-inflated across the County, for enough lenders to proceed only when properties appraise at or above the contracted price, regardless of the down payment. I can see this same problem happening in Florida, as the disparity widens between "market value" and appraisal.
    12
  7386. tells you 2 things 1 they are desperate and 2 everything is too overpriced
    12
  7387. Wow. I bought a home that was 60 years old, and sold to me by the original owners. Talk about deferred maintenance! What was required to fix it up in ways I wasn't aware of when I bought the home was a shock. I'm pretty happy with where I am now, but it was a shock to learn how much work an old home can require that is not obvious to someone who hasn't owned an old place before.
    12
  7388. We ( sw Florida) start seeing sellers withdraw listing and renting them ( vacation rentals) People that don't have to sell - go into a waiting pattern.
    12
  7389. Bidenomics baby!
    12
  7390. The only retail stores that gonna make a profit are those who are offering the best Deal to the customer! The same thing applies to the housing market. Only those gonna get their home sold who make a fair price for their property!
    12
  7391. What she is saying is, don't do your due diligence, don't look at the increasing costs of insurance and taxes and the negative potential for the job market.
    12
  7392. AMEN...ill take 90 plus humidity over long winter, frost, snow, plow trucks blocking my driveway and waiting for roads to be cleared so i can get to work, bla bla you get the picture
    12
  7393. That is so true a cousin of mine asked me to borrow 20k just to pay off a credit card to qualify to buy a house I told them no but they got it from someone else
    12
  7394. Bravo man really great point on how the heck is a family supposed to charge their EV after a disaster weather hurricane or earthquake. Grid down and solar panels destroyed. Always great insight into events surrounding real estate and daily lives
    12
  7395. I love my apartment and the landlord is an angel to me. They like my attitude and cut me slack on the rent. Will die here (no property taxes or crazy insurance.). Have saved tons of money for investments and no money dished out for maintenance.
    12
  7396. State Farm auto insurance has gone up 20%. No accidents, no tickets doesn't matter your rates go up.
    12
  7397. 🐊 ☀️ 😎 I think 2nd wave of inflation is about to hit, mixed with people fomo-ing this spring in the housing season. Going to be wild.
    12
  7398. Always keep a $500 K emergency repair/disaster relief fund aside if your insurance drops you.
    12
  7399. I forgot to add beware of car accidents WHICH HAPPENS ALL THE TIME because it isn’t required for drivers to cover for others body injuries so if someone hits you and doesn’t have that coverage (most don’t)don’t expect to get a cent for body injuries in this state also to get what your car is worth is at the mercy of the insurance they can give you a dollar for your car.
    12
  7400. Great video! I learned so much. Here in my coastal NC area there’s a multi-million dollar, overpriced house on the market for 60 days and I think the owners are just greedy trying to make a quick million off the sale. Turns out they’re franchise restaurant owners, in need of cash! They’re holding the hot potato.
    12
  7401. People don’t need more credit aka debt…they can’t pay he debt they already have
    12
  7402. Happy Sunday Michael, Thank You! Yes, heard property tax increases have been coming in already in certain counties around Florida and they are high.
    12
  7403. I hope no children get killed from ignoring the croc warnings.😞 It's completely avoidable and not necessary to lose a life... • had to come back and add my 2 cents lol So, Michael? I do understand that you do your best to reach out to all requests and advisors with valuable input about how to run your channel. As someone who is old enough to be your mother, my opinion is that you continue right on with the way you're doing things. Let me tell you, if I had enough to stock up in gold and silver I sure would! Seeing a phone number or an advertisement on YouTube? Good God amighty, clutch the pearls honey 😳 lol Michael, you're doing so amazing Dear. I promise you! But don't listen to me ok? Look at your own data. {I know you already do lol} You know the old saying. You can lead a horse to water but you can't make him drink. And no, I don't think anyone is a horse. lol
    12
  7404. Great video brother 👏👏
    12
  7405. The fact is Michael some people "CANT HANDLE THE TRUTH"
    12
  7406. All of my family and friends had there unsecured credit line go up by 50% with some up to 80% without asking for the increase and by the way the interest rate is still way up there. Which makes me wonder how much debt people are in currently considering 60% of Americans live paycheck to paycheck.
    12
  7407. Do we have a definition of the word “crash” or does it depend on who you ask? Realtors in my area keep saying “Prices are going down!”. Well yeah, when a neighbors home sold for $450k 3 months ago during peak, you list yours now at $465k and end up getting $440. Then frantically declare $25k loss. The home was priced too high to begin with for the current market.
    12
  7408. It will take time for people to reconcile with themselves that they will have to sell their home at a loss. It is one thing to sell a home for a profit in a short time, it is another to sell at a loss waiting for someone to offer a reasonable price after a year on the market.
    12
  7409. I just graduated college n looking to up n move from Chicago that’s how I landed here 😊 new subscriber
    12
  7410. 5 bags of groceries at Trader Joe's $250 😮
    12
  7411. Unless you have a higher end government pension, you have to have a lot of money. Even without debt, mortgage, car payments, consumer debt in general. You almost have to work part-time for mental health and fun money. Not every couple stays married or avoids layoffs. Living is expensive.
    12
  7412. 83 up here in Melbourne and it does feel nice lol. Keep speaking the realities and truth, I appreciate you!
    12
  7413. Hello young man. With respect to locals not wanting New Yorkers coming to Florida who can blame them. I'm from New York and I totally agree 😀. I'm in Florida to get away from liberal NY policies, collectively called corruption. As for insurance I pay $1200 a year 1700 sqft 2/2 Condo in Boca across A1A from the beach. I'm sure there is a big insurance bill in the maintenance fee. Keep the great videos coming.
    12
  7414. Great content guys. I'm a recent subscriber Michael and really enjoy your channel. Keep up the good work. We don't get real data and stories from mainstream media anymore. Awesome channel Michael 👏
    12
  7415. Gen Zers barely know how to write a check lol
    12
  7416. The answer is stopping institutional investors!
    12
  7417. Oh look, at all those happy people in the park walking, having a picnic, etc. Seeing none of that, should tell even the dumbest person, something is really, really wrong!!
    12
  7418. Sales volume is at a 30 year low, but don’t call it a crash. 😂
    12
  7419. Majority of Americans are house poor & its about to get much worse .
    12
  7420. I will be moving down to Florida Monday June 1 2020 yay! I'm excited 😊
    12
  7421. My first house cost 27k. It was a foreclosure, this was 1979. My income was 30 k. Today I make 250k and do not feel comfortable buying a home in Montreal as anything normal is a million ! My sons first job will be 50 k and a similar home to my first house will be 500k. I have no doubts home prices will crash ! More than anyone can imagine!
    12
  7422. I see the channel has been growing. Congratulations you deserve it.🎉🎉❤
    12
  7423. Lots of people have TONS of money. 2 houses in my neighborhood went for sale for about 775k each, the first one sold in less than a week at full price and the 2nd one went pending before the sale sign was even put up. A 3rd sold instantly for 400k and they are literally pouring half a million into it. And finally a lot with water view sold for 500k in less than a month. I guess its all about location, 1 block from the beach on an island in Washington state. Just glad I bought mine for under 200k on Jan 2015, now its nearing 500k! INSANE
    12
  7424. Have you heard “Groundly” - new concept to assist home buying. They buy land and lease back to you and you buy the house. Meaning you own nothing and owe everything and pay for everything for the false sense of ownership.
    12
  7425. Well, la-dee-freakin'-da! I am 35 years old, thrice divorced, and I live in a van down by the river! Thanks to Biden inflation. Maybe someday I can work my way up to a mobile home. 😂
    12
  7426. Great video!! I've lived here in Daytona Beach since 1993 and I absolutely love it! You nailed it when you said it's very affordable. I've been selling homes here for over 10 years and thanks to my YouTube channel I've helped several families move to Daytona Beach and they absolutely love it. Next time you're here let me know I'd love to take you and your wife to lunch and fill you in a little more about how great Daytona is. 🤗
    12
  7427. we didn't have a wedding and got 70 dollar rings, wear silicon ones most the time anyway lol. weddings are the biggest waste of money.
    12
  7428. Why would your mortgage be held in abeyance just because your condo association failed to do its duties? When you took out the loan and the lender agreed to use the property as collateral, you became obligated to repay regardless if the collateral goes up, down or disappears.
    12
  7429. Can't believe the prices of homes down there.
    12
  7430. All buyers need to band together and boycott the housing market.
    12
  7431. Even during the best economic times, there are always those who are having a hard time. So, be kind at all times.
    12
  7432. Greed and crazy math skills have created this insane Airbnb pricing! A monopoly game in place!!
    12
  7433. I lived in SE Florida for 29 years and currently living in SW florida for the past 7 years. I thought this video was an excellent description of the differences of the 2 coasts.
    12
  7434. When you get a mortgage you don’t have to set up an impound account where the mortgage company pays the property tax and insurance for you. I set mine up so I pay those directly to the insurance company and city. It just gives you more control. The less I owe to the mortgage company the better.
    12
  7435. We were to close on a house in Tampa on Thursday. House insurance company is on a moratorium. Lender now needs a disaster appraisal. Closing has moved now for a week. It is very stressful.
    12
  7436. Hopefully, this will spur a trend for mobile home owners to jointly own their lots.
    12
  7437. My income went up over 18 percent this year and I make more alone than the median household. I still can’t afford a house because I don’t have anywhere near a large enough down payment to make the payments affordable. There are even starter homes being built in a nearby small town that are actually 200-250 and they still aren’t affordable. I could have done it when interest was lower. Those starter homes are being snatched up so fast the builder can’t keep up. So not even sure I could get one anyway.
    12
  7438. My heart breaks for the renters. The main reason they rent is because they can’t afford a home, but now those rental properties is like paying a high mortgage. I live in the Miami area and I don’t see it going down at all for a long time. I remember telling my friends to buy back in 2018, they were expecting the market to go back down and didn’t buy. They so regret it.
    12
  7439. You have one of the best You Tube channels on Florida. Always enjoy them.
    12
  7440. Your discussion of Last Year S&P 500 is 100% correct. I have a theory that the American Stock Exchange Fund Managers run Daily Computer Program Trades for their Arbitrary Goals and Agenda that are not related to anything going on in the economy.
    12
  7441. NAR member for over 20 years. They did nothing for me beside giving out (selling) my hpone number to insurance and other agencies. They control agents through the MLS system. 90% of realtors do not know a thing about real estate. They took a week of real estate class to get licensed and a 3 hrs etiquette class to be realtor. Yes, it takes 3 hrs to be a realtor ...lol
    12
  7442. Collapses like this are pretty common in Egypt where I came from. There are no 40 years certifications or any of that stuff there, and many of the buildings were built using defective materials to start with. In the coastal cities, nearly all buildings have major parts of exposed rusty steel bars. It's so common, people don't even look at them anymore :)
    12
  7443. Regarding the Republican/Democrat thing, it depends in Florida. SE Florida is very Blue while other places like the panhandle and northern Florida are primarily Red. The I4 corridor is a very Purple part of the state. Additionally, MiamiDade has a home rule charter that gives it a level of autonomy that isn't afforded to other counties in the state. For Florida politically, it's complicated! I can highly recommend the Keys by bicycle! The 7 mile bridge by bike is incredible!!!!
    12
  7444. Back in 2008 when the housing collapse the poor folks still was not interested in buying because they rather live on the government plantation than to own .. Why own a house , the up keep , insurance , real estate tax , and all the other hassle owning a home . So give them credit for thinking out of the box . Good reporting , thanks .
    12
  7445. Interest rates aren't even high right now. They're back to normal. High would be like 12% for a 30 year mortgage.
    12
  7446. Imho, less is always better. I have always been one to not follow the crowd(s), & embrace peace & quiet & solitude. If I am in the mood for action/entertainment/endless restaurants/theater/etc - I'd rather drive to those areas & come home to my sanctuary. There is nothing more gratifying than peace & quiet & being with nature & wildlife. I am not a hermit by any means. I just don't want to deal with other peoples drama, issues, kids, loud talking, etc. I see enough of that at work every dsy! Less is definitely more!
    12
  7447. Nationwide, October’s annualized rate of home sales of 4.43M is the lowest level since December 2011 (excluding the onset of the pandemic - May 2020) . Since June of 2022 when the median price of a house was the highest ($413,800), median home prices have declined 8.4% ($379,100) the largest decline since 2008 (tied with June-Oct 2011).
    12
  7448. When do these companies realize that they can ship all these remote work jobs overseas? 😧
    12
  7449. Paul clearly said that they will hike until we have 2% inflation.
    12
  7450. Thank you Michael. I really enjoy these videos. I hope to move to Florida within a few years. I want to find the perfect combination of nightlife and beach life without the extreme hustle and bustle of Miami.
    12
  7451. I am from Alaska and this type of weather in the video is my favorite kind of weather. 😂 We call it perfect hiking weather. 😆
    12
  7452. ALLOW ONE CUSTOMER EVERY MINUTE OR SO. CONTROL PEOPLE GOING IN.
    12
  7453. Michael have you looked at moving further north in FL? Much more cooler weather. St Augustine is nice.
    12
  7454. Michael, i’m so curious about your video where you said that immigrants were taking over towns all over America. I’m dying for a follow up to that video!
    12
  7455. The Electric car idea should be a non-starter. This weekend is proof enough that the heat we’re experiencing here in California created a situation where rolling blackout were required to manage the power grid. At this time I will not be investing in an electric vehicle and California needs to change their stance.
    12
  7456. As an investor in Phoenix I am expecting 2017 prices. I purchased a rental in Tempe in 2018 (for my son who goes to ASU and really the only rental I watch) for net $317,000 ($331,000 sale price but I am a realtor). I had an investor offer me $595,000 just after the first of the year. I expect prices to fall, in Phoenix to 2017-2019 prices. Which is about 40-45%. Prices are down close to 12% already.
    12
  7457. For some reason in Florida anything built before 2000 already looks like it’s falling apart. I don’t know if it’s lack of maintenance but construction here doesn’t age well
    12
  7458. 1st time buyers are discouraged. They are moving in with family and friends to save money. They can't afford the high rent.
    12
  7459. Hi Michael, hi Lisi !! 👋🏻 Enjoy that California sunshine!
    12
  7460. Sounds like political kickback going on under this umbrella called assessments.
    12
  7461. You need to ask for their latest meeting minutes, budget, financials and condo docs before buying.
    12
  7462. It seem we are witnessing an engineered domino effect collapse.
    12
  7463. Such great videos! Than you for all your work!
    12
  7464. I know you have mentioned this before but there is also PMI which bites you if your down payment is not 20%. Oldest daughter bought 2 years ago. She had 7% down. 300K purchase. Her PMI is 208 a month. Her interest is 5.5%. Her payment on 3 bed 2 bath townhouse was 1720. Rent at time was 2800 for same Sq footage.
    12
  7465. I love your honesty Michael, for sharing the highs and lows of your life in the videos
    12
  7466. (Beans, Tents, Condoms, Bullets) it's where I'm placing my money .. manufactured homes still too pricy in this economy .. even RVs, now it's more like: friend's couch > squatting > homeless shelter > tent city / we're better off traveling living abroad
    12
  7467. “Homeowners in the U.S. have a median net worth of $255,000, while renters have a net worth of just $6,300. That's a difference of 40x between the two groups.”
    12
  7468. "Hope is a fine breakfast, but a poor supper". Sir Francis Bacon
    12
  7469. If you are young and have a home , try and pay that home off and any other expenses. By the time you are 40's years old, try and start saving and paying off your debt. This gives you time to save $$$$, and by the time you retire, you will have money. I know people who retired, and 6 months later , they are out looking for a job. Back in the day, people use the "cash envelope" 50's / 60's.
    12
  7470. Most buyers right now believe that since there are no bidding wars and virtually no competition this is a great time to buy! Sellers are now offering concessions and are being REASONABLE in their pricing and because they know that there are very few buyers they will generally ACCEPT offers. A few months ago you couldn't even put in an offer without an investor coming in and paying ALL CASH and beating you out.
    12
  7471. Michael - You want to blow away the realtor competition? Become a "Relocation Agent" instead. Good realtors with huge advertising budgets are easy to find but a realtor/agent who can help find like minded people, activities, weekend cycling rides to see neighbourhoods, best restaurants, etc. are almost none-existent. Selling a house is a process but making someone feel welcomed, confortable and happy, for the first 6 months, anyway, can definitely set realtors apart. Loneliness, as you know, is a big problem when moving out of state and can lead to depression. The items I have listed above can be found via Google but most people would prefer someone do that for them, instead. Get it??? Create relationships not clients.
    12
  7472. Also beware that insurance companies will drive by your property unannounced and look for an excuse to drop you such as a tree to close to the house that looks dangerous or a fire hazard. This happened to me and I did not know it until they sent me a letter telling me they did it. I was not cancelled. I had dangerous trees removed about six months before. Just be aware.
    12
  7473. Thanks Michael. Keep up the good work! 👍
    12
  7474. How high can house prices go? Well looks like soon We will find out.
    12
  7475. You never own your house if you don’t pay the taxes, they’ll come and take it
    12
  7476. Go to a car lot 100 140k for a car 25% interest, jigher insurance rates. High gas prices , high food prices huge rent increases.
    12
  7477. That's right. Recession/ depression still pending.
    12
  7478. Thank you Michael We are going into a very Bad Depression ❗️ It’s going to get so much worse than people think. Everything pretty much sucks right now for a tremendous amount of people. Huge companies are firing their employees by the Thousands. Creeping up to 100,K Subscribers and that makes me happy for you. Blessings, Carlos ✝️🙏❤️😊❗️
    12
  7479. That’s a beautiful place! great scenery! Is it more of a small town county? Or is it kind of a big city vibe outside of that hiding spot?
    12
  7480. Going to Miami Beach this week apartment hunting! Great video bro. You made my decision easier and clearer.
    12
  7481. Dan over at I Allegedly was telling us today that Amazon has quietly laid off 100K employees over the last few months. The Tech layoffs are north of 40K and climbing. GEICO just shut down all their physical offices in California. Dan's out of Southern California and does his walking financial reports on the beach, parks or city streets.
    12
  7482. Miami is six times more expensive to live in than Malaga, Spain. No brainer if you ask me.
    12
  7483. Florida is a huge state with a whole variety of places. Even the climate is quite a bit difference from one end of the state to the other. Odds are you can find some area more to your liking than others.
    12
  7484. Buyers are still competing in Greater Cincinnati and Central Ohio. I am an agent here and my mother services the Southeastern market. Multiple offers and on average 30 showings per property. Buyers waiving inspections and offering appraisal gap waivers. Greater Cincinnati is still very affordable when it compares to every other market in the US. We will continue to sell for record prices as long as the price is right and the property condition is livable.
    12
  7485. Meanwhile, 34° here in Wyoming… But better than Utqiagvik, Alaska where I grew up where it’s currently -3° and the high for the day is -1°😂
    12
  7486. I think a big problem is the credit card companies give cards to anyone. That did not used to be the case.
    12
  7487. You do a good job keeping it real my fiend. I appreciate you.
    12
  7488. I bought much more house than I would normally be able to get with a 2.25% interest rate. I'm staying put.
    12
  7489. Thank you for being the boots on the ground in other areas. It’s nice to see what’s happening across the country as I watch your channel and others. Thank you for the info so we can adjust our living standards accordingly to weather the storm. It’s never bad news when you prepare.
    12
  7490. Michael, great point on the homestead protection on property taxes for the $8 million home. Current owner paying $18,000 annually and next owner gonna pay $45,000 annually. The buyer pool for that home is super small. Not even rich people want to buy that house and dump $45,000 especially if it’s a 2nd or 3rd home.
    12
  7491. Once a investor has controlling interest he can make the place less desirable like shutting down the pool or exercise room or even the laundry. Or even make it difficult to get loans because too many investors own units rather than homeowners. He can kill the valuation so it’s hard for you to sell and he’s the only game in town and once he secures the whole property he can make it desirable again. So if somebody offers double the valuation you better take the money and run because if they want the property that bad you’re gonna lose in the end if you don’t.
    12
  7492. That house from 169k to over 2 million 😳
    12
  7493. We were just dropped in the middle or our policy term by Velocity out of Nashville. I called them each quarter to make a payment over the phone. They intentionally ran the 2nd and 3rd payment ($668 each)without collecting the $3 service fee, then dropped us for lack of payment ($6). They claimed they notified us by letter but admitted they sent the letters to our previous address, along with the $585 they now owe us. They didn’t even bother to tell the local broker. We didn’t learn about the scam until we called three months later to make the next payment. They insist they did nothing wrong even though we called in to make payment and they shorted the payments. I guess they think it was my responsibility to remind them to charge the processing fee. Of course they are leaving the Florida market and didn’t want to cover another hurricane season. Now we also have a gap in coverage and were forced to Citizens for much more money.
    12
  7494. There are thousands of different condo “settings” around the country. When I began to think about selling my house in AZ in 2019, I was going to rent for awhile. Then a $700 a month studio turned into $1200. Sold my house end of 2021, bought a condo in a small tourist town in the midwest. The price was 1/3 the price of the condos down the street from my old house. My HOA is $159.00 a month. There are no amenities and I don’t care. It’s a tourist town. There’s lakes, rivers, boating, fishing, hiking trails, and plenty to keep me busy without paying for the maintenance of a pool, workout room, tennis courts, restaurant, bar, hair salon, golf course, and all that other stuff I wouldn’t use at my condo.
    12
  7495. I have lived in Brevard County Fl ("The Space Coast) for nearly 15 yrs. Cost of living is reasonable, weather is good, traffic is fine except on certain streets during rush hour. Most areas are safe. Port Canaveral is there (2nd busiest Cruise Port in the world). The theme parks of Orlando are 75 miles away. Satellite Beach, of of the 15 best places to live according to this video is in Brevard.
    12
  7496. At least for now, buying a house is like buying a car - soon as you drive off the lot, it's worth less.
    12
  7497. Another great video Michael I very much enjoy your neighborhood walks. Your topics always have a tremendous amount of information that I share with all my friends and relatives. Keep up the pace, you're doing great !!
    12
  7498. “a loan that’s attached to your property“ is your key phrase .. .for BE AFRAID
    12
  7499. Florida
    12
  7500. I love California so much, but my research (which this video totally confirms) say Florida is the place to be
    12
  7501. I honestly think that more people are looking for smaller homes now, not just for affordability due to high mortgage interest rates, but due to high heating fuel costs in the colder states.
    12
  7502. interesting take on Florida. I live in Orlando and can say Orlando diversity and food culture is vast compared to California/LA. For one Orlando is one of the international hot spot for vacation and because of that we have a big diversity in food and entertainment. I dont know if you have been to International Drive (I drive of how we the locals call it), but we can experience a whole lot of culture and activities in the areas. Also you said cali has alot more to do, but i disagree. Since your in Miami your limited by a lot. For us Orlando guys we have Tampa, Disney, i drive, universal, sea world, space shuttles, lakes, east coast and west coast oceans, underwater caves, bush garden, Daytona 500, Jacksonville, tally, boating and fishing is huge here, the keys... theres so much to do tbh. I just feel since your in maimi area your limited to the activies.You mentioned ramen, theres a place here in Orlando called domu a Japanese restaurant that serves ramen.
    12
  7503. This video was very helpful, thank you so much! I plan to move to Florida in the next year or so and I'm so excited!
    12
  7504. My girlfriend told me tonight that her sister is going to get over $200K though the end of the year from Google after getting laid off. I thought she was done at the end of February but no it's the end of March.
    12
  7505. I bought a fixer upper, cash fixed it up cash and self insure. I'm lucky because I live in central Florida. Its rare that we have any more issues than flooding, which in my area would have to come up about 10' or possibly a cat 2 in which the roof might get ripped shingles off which since I already know how to repair that, it wouldn't cost me more than 5K for a new roof. I've lived in Central Florida for 35 years, we haven't had anything over a cat 1 here. One thing to reduce you liability of an injury on your property, is to put up no trespassing signs. Plus I have a huge hedge around my whole property so a person can only enter in 3 car size openings.
    12
  7506. For a lot it’s the amount of prescription you have to have. Seems like all the older people are on 5-8 prescriptions. Me included. Healthy my entire life and since there are so many Drs the medical centers want you to see, they make money hand over fist each wants you to take a drug for their specialty. Sometimes I think all these drugs are making people sick. Our medical insurance will be 1,500 (employer) a month on top of 350 a month for Medicare A and B. The young folks are in serious trouble..
    12
  7507. My wife spent $18 at taco bell today and I was pissed. Said that's stupid expensive for mediocre food. I get getting a little something to hold you over but that's way too much for some cheap nachos and chalupas.
    12
  7508. I love how so many people point the finger at property owners and landlords for being greedy and charging so much for rent. What did I get for trying to be a nice guy and charging my tenants 600 bucks a month below-market value? I got from my tenants a $5,000 repair bill when they moved out and of course vastly increasing property taxes and disaster insurance which is probably going to double in the near future. There is a lot more to it than just pure greed but a lot of folks only look at it from their specific vantage point.
    12
  7509. States should tax 10% more if a house is a investment property or the owner don't live in the house. I know a guy who owns 3 houses in TX, 2 in VA and 1 in FL. Insane. This is why renting and buying is a very hard reach for average families.
    12
  7510. I listen to Michael's channel for many reasons. Like a lot of you. I love the financial talk about what's going on in real estate and I love the beautiful scenery and I get many ideas about landscaping since I live in Florida also. In a different zone however so not all plants and trees will do up here.
    12
  7511. Love Progressive. Been with them for years and my rates dropped this year. I invest in their stocks as well...getting my loyalty back to the max lol
    12
  7512. Job cuts and layoffs are bad for the American people but great for Wall Street and it's money-junkies, this can be evidenced by recent gains on the stock market.
    12
  7513. You are correct, South Florida is a whole other animal compared to most of the rest of the state.
    12
  7514. New construction is gonna get rocked everywhere.. too much supply with a lot of builders already committed and stuck mid way.
    12
  7515. You're right Mike B. It's pretty much all greed and get rich quick with alot of people these days.
    12
  7516. I was interested in moving to the gulf coast in early 22 but it looks like I’ll be waiting, just to overvalued. I flip in Pittsburgh and personally think the market has already begun to slow. Given the recent Redfin projections I think we’ll see more slowing of the market in 22. Add in Florida is a transitory state normally so I think the heat, humidity, distant family and now big crowds is gonna send people out of Florida. If the Covid insanity starts to die down in other states that will definitely contribute to people moving as well. It’s gonna be an interesting year! Thanks for your videos and have a Happy Thanksgiving!
    12
  7517. Man, how do you come up with such great topics? You are always full of good advice 🎄🎄🎄🎄
    12
  7518. Why is rent cheaper ? My landlord saw houses prices going up, thus making them more unaffordable and jacked up my rent $200. I want to buy a house….but a $400k house two years ago and being offered at $650k…I just cant do it !!
    12
  7519. I would cycle that area on my bike almost everyday for about 12 years. Loved it. I now live in SC and ready to leave this place ASAP. IM contemplating moving back to Cali even with all the high cost and crazy everything.
    12
  7520. Thank you . God works in mysterious ways. i am that person wanting to move to Florida . with little money not a lot but i know i always can get a job with-in 2 to 3 days. its just me im 58 and when i look for a job i hit the pavement and dont come home till i have something anything that is a job know matter what. that the way my Dad did it and it works, you hit every thing and every body. when looking you let them know you are willing to start at the bottom and do what it takes to be employed. failure is not a options. GET UR DONE ! . You are a God send thank you for your video's . God bless you
    12
  7521. Record high prices, high demand, low inventory, and interest rates about 6%.... this is a terrible time to buy a house.
    12
  7522. The Midwest certainly wasn’t on my bucket list when I left Tennessee in 1979. I lived in California for 13 months then moved to Omaha, NE in 1981. I live on the Nebraska prairie now (which I don’t care for since I don’t like small towns) but Omaha, NE is awesome! Nebraska has high property taxes but you get what you pay for. They actually spend that on excellent schools and road work (very good roads). There’s plenty to do in Omaha and there are so many beautiful neighborhoods. My son and his girlfriend go to NYC every year because there’s a direct flight to NYC from Omaha. There are a lot of jobs in Omaha, NE.
    12
  7523. I agree, I want to be close to restaurants, coffee shops, grocery store ect… the retirement community I’m looking at all is accessible via a bike ride or walking.
    12
  7524. Buying things you can't afford is guaranteed to end in regrets
    12
  7525. Thank you for the video Michael! 👍🏿🔥
    12
  7526. Two of my favorite channels in one.
    12
  7527. co ownership is the only solution in Canada. 2 to 3 families with children live in the same house just like 3rd world countries
    12
  7528. A Vidoe from Michael is the perfekt way to start the weekend!😊
    12
  7529. I cant see food coming down either
    12
  7530. Being a landlord sucks. I have to hunt down my tenant EVERY MONTH. The tenant promised he was going to pay February's rent today. No deposit was made. So irritated 😤.
    12
  7531. I’m laughing at this! Why?? I’m living in Los angels, and all these houses are dirty cheap compared to here. LOL!! I’m trying to Move to Miami Beach to get out of this third world country called California.
    12
  7532. Michael, on another channel today a guy said that builders are starting to list their new homes as for rent instead of for sale. This is to keep them off their books and to keep the inventory low so prices don't collapse. Have you heard this? He lists his sources so it was not just 'what he thinks'.
    12
  7533. I don't even have debt now. I've tightened my purse strungs the last eight years. Im 60. I'm sitting better now.
    12
  7534. Citigroup also announce they're laying off 20,000 people. That's the size of small town.
    12
  7535. Did I see correctly that California has a new program for first time buyers making 180k and below that they can get up to 200,000 for down payment and closing costs? If I read correctly it’s a loan that needs to be repaid and if they sell the property it has to be repaid and if the home goes up in value 10% of the appreciation goes to California. I have to read more on it, but was a little surprised. FYI - most of those 1% down programs etc are unrealistic for anyone to qualify and home prices of properties that don’t exist anymore. I think it’s more about marketing to try and get the phone to ring.
    12
  7536. Home inspector s are not great ! My son bought before just before all the price increases.. but the home inspector missed so many things that’s crazy .. actually can’t believe the bank loan was allowed .3 years after purchase new roof needed. A metal roof replacement.. that’s the biggest one .. but 3 years in to home ownership he is 30k. In repairs do to a bad inspection..
    12
  7537. My husband and I own a flooring contracting company. Since the pandemic we got into debt taking out an SBA loan. Now our credit card debt is maxed out and our business has lost about 40% in business. We have used up all of our savings. This economy is invade bad shape. I blame the government for this huge mess. But had we had more saving we
    12
  7538. Yes, I think that the key is to push back hard on over priced rentals, people continue to ask unaffordable prices for their properties and keep doing reno improvements that many tenants for which they can't afford to pay with very marginal improvements on their overall quality of life if at all!
    12
  7539. The thought of covering my monthly spend with home equity is terrifying.
    12
  7540. I cut so much recently. No car, dine outside no more than once a week, groceries? buying based on the alternating deals. Saving every single penny I can. High income doesn't mean spend it relentlessly. No. Save up for the upcoming real deals.
    12
  7541. Michael, your walking with the wife and supplemented by regional realtors perspective is a boon for your presentations.Excellent tax deductible travels
    12
  7542.  @MichaelBordenaro  let's sue them.
    12
  7543. Too many people who moved to FL from CA, NY, & NJ have paid premium prices for their houses since the pandemic. I know a guy who bought a $1M house in Jacksonville in 2022. I don't know what'd be their house worth in a year or two or further?
    12
  7544. You’re so right it’s so unaffordable especially in Florida prices need to drop at least 20 or 30% being that they increased over 40%. Only time will tell. Thank you again for being so clear and specific in the air delivery. Great job as always.
    12
  7545. I was on holiday once in Bali and stayed in a beachfront hut. At night was high tide and I could hear and feel the waves crashing on the rock wall, the whole hut would shake. I could not sleep thinking I’m going to die in a tsunami. Had to leave the TV on so I couldn’t hear the waves crashing. But I could still feel the place shake.
    12
  7546. Happy Birthday Michael!!! I hope you Enjoy!!! 🥳🎉🎈🎁🎂🕯🍰 So true Michael, a lot of people taking a mortgage don't factor in the cost of insurance and property taxes and that they will increase. Another Great Video Michael, Thank You!
    12
  7547. I live in an HOA in Georgia. It’s 650 a year we have a pool no gated community. We have to maintain our own lawns. I’ve been in here three years and there’s 100 people out of 300+ who haven’t paid that will probably be foreclosed on
    12
  7548. So true, we need to wait for prices to go down. The property taxes and insurance will be detrimental to many, budget wise. The more , potential buyers wait it out, will forces prices to go down . I rather pay higher interest rates and refinance later.
    12
  7549. Not to be weird or anything, but you, sir, have an awesome mind! My goal is to be able to express myself as clearly as you do…without having to look at a sheet of paper. What’s more, you rarely say “um.”
    12
  7550. A guy I work with was telling me he regrets buying his house about a year ago. He said he wishes he would have just stayed renting.
    12
  7551. No Property Taxes over 65 years old. Michael B for President!!!
    12
  7552. Well I'm bald but humidity keeps my bald head nice and shiny
    12
  7553. Live in California is expensive as hell, l prefer stay in Florida or other nice States such as South Carolina or Georgia.
    12
  7554. what's up bro. this was a cool video idea lol. See you in Miami 💪
    12
  7555. Colorado single family home besides the rent they charged $40 resort fee and $175 cleaning fee, Daily. Crazy.
    12
  7556. I work at the Wynn in Las Vegas.. I overheard a manager say her order was denied due to cut backs in spending.
    12
  7557. The question I have with the water issue. I wonder if the tenants did not pay for their rent during the pandemic. That may be why the landlord could not afford to pay for the water bill. Just a thought.
    12
  7558. We’ve been rving on Oregon coast since June 1 and have looked at many homes. Anything that isn’t a wreck or not updated since built is double the price of 2018 and not selling.
    12
  7559. Ah the 80s! My parents bought their San Jose CA home, 3-bed and 2-bath, in 1984 for $117K at about 15% rate, 15-year mortgage. Back in the 80s, I was a kid trying to make some money (collecting soda cans and bottles at community football field) since my parents did not give out allowance. Once I turned to legal working age, I got a weekend job (1st job) at a fast food restaurant making $3.25/hr. Looking back, it was a good old time.
    12
  7560. I’m from California and have lived in Colorado for the past 10 years. Although we get more sunshine than the average cold state, the combination of everything that the cold brings (snow, ice, gloom) is a huge deal breaker for me. I am sooooooo looking forward to the day when I can get out of here. I’m not a Four Season type of guy. Unless it’s the name of my hotel surrounding palm trees.
    12
  7561. Starting a family never used to pose any difficulty. In fact it was too easy.
    11
  7562. The drop in the mortgage payment per month Must be weighed versus higher property taxes, homeowners ins., electric/gas prices, and probably higher prices for lawn/pool care, etc. Conclude: This minor rate drop, is not enough to make a difference. In fact, this is causing potential buyers to think twice, and to back away!
    11
  7563. I have to strongly disagree, the biggest complainers are commercial real estate owners who cant lease there offices, even wework is giving away free month of space now lol... My company(400+ employees) went fully remote, nobody cares where you are as long as your doing your job. The firings are going to happen, but not because of remote work. We are in a recession moving into a depression, everything is expensive, spending is down. Companies are cutting costs and keeping their best employees regardless where they are and getting rid of the excess fat. Between paying for there office lease or having more employees, they will choose employees remote and happy and making them money at less cost, the remote work is the new reality, the offices will be ghost towns over the next few month and years as the economy gets worse and worse..
    11
  7564. This reminds me of recession in 2006-2010 during which period many people in US couldn't find a job !
    11
  7565. Hey Michael, great video, as someone who was born and raised in Detroit there is a reason that the home prices are so cheap. It may be the only home within blocks. What is sad to see is that Detroit just takes care of the Downtown area and has left the neighborhoods to decay.
    11
  7566. I hope everyone buying in South Florida will be able to enjoy their house and remain safe!
    11
  7567. You make some great analysis, and your calm & rational presentation during some hard & uncertain times is a relief to see through all the noise
    11
  7568. People fail to realize our inflation has a massive impact around the world.
    11
  7569. You are wise beyond your years. 👍 And your content is quite addictive.
    11
  7570. Hahaha you're funny! I agree with you, as usual. No one can afford food and rent at the same time it's sick
    11
  7571. Mike, could you please talk a bit about the appraisal process and what's happening right now with it? Are appraisers starting to get more conservatives ? Are they pressured to do so? Do banks have a say on the appraisals? Can a bank refuse an appraisal if they think it's unreasonable? Etc .. Ty for your channel!
    11
  7572. Sometimes it’s a give and take when you live in a city or a state that’s relaxed if the cops were on your case every minute of the day like New York where I am from it would make it much uncomfortably living in Florida so you’ll have to see the good with the bad also
    11
  7573. IMO - we’re in recession. I am beginning to wonder if the powers that be, are ever going to admit it. I’ve seen REO listings exceeding RE listings in some areas. Which to me is just crazy! Thank you Michael! ✌🏼
    11
  7574. It definitively is growing on you, except that Airbnb experience was wild. You the man!
    11
  7575. When I got my first job as a 12-year-old. My dad began collecting 10% of my pay all the way until I left home but the day I left he handed me a bank book with all of the 10%.’s❤️❤️
    11
  7576. Debt free , Spending Less and Saving more. We have no clue what's going on in the next 3 - 6 months, with this Economy. I'll tell my family and if they don't listen, well it's their own fault "Mother's knows best" . Homes in this Region are High , Average home cost , new home, between $350K and Up. Who in their right mind would want a house payment for $2,500 - $5,000 a month, that's not counting anything else.
    11
  7577. Great plan. I started investing in single family homes and duplex’s in 2006. Now I have 20 units and should own them free and clear in 7 years. I’ll earn 20k-24k net passive monthly income. Not bad!
    11
  7578. I am 68 and I still have ptsd from the damnable recession of the early 90s. My oldest brother died a year ago and left me a lot of money. It was for me to buy a home but it's not enough to buy in full. I don't know if it will be as bad or worse now than it was then but I do know that it's not going to get better for a long long time.
    11
  7579. I'm one that can live there on a small budget, I don't need to live near the beach. But I do want a safe area. i'm more for warm year round.
    11
  7580. Thank you michael for speaking the truth people are in denial🤷🏽‍♀️
    11
  7581. I think so. People are gung ho to spend whatever they have to to buy a house. The novelty wears off the monthly payments come month after month. Buyers remorse
    11
  7582. Mike love watching these videos daily! Always such a pleasant surprise to see a new one pop up in my notifications.
    11
  7583. My father in law bought a beautiful condo in AVENTURA on a marina in 1978 for $65K. The price stayed around the same for years. With everything that’s going on right now it looks like the price is about right from this year into eternity. Also if there’s any kind of litigation between the owners and the HOA the building is blacklisted because of potential losses that will not be able to cover the reserves.
    11
  7584. People are using the pay now, pay later method. Here’s the crazy part, I even seen pay now, pay later for groceries now! These numbers are deceiving. I’m not spending a dime. Thanks for keeping us informed! Great channel and happy subscriber.
    11
  7585. The thing about waiting is that this debt ceiling thing may cause serious shocks to the economy as meanwhile major banks are rocking and rolling. How safe is the money we've saved as we wait for these opportune buying opportunities up the proverbial road? Under ordinary times, I would agree that patience pays.
    11
  7586. Happy Independence Day, Michael! Great to see your videos! Always awesome!
    11
  7587. I'm in the UK & the whole world has gone nuts, usless governments worldwide.
    11
  7588. I love Desantis, but this bill doesn’t have the best interest in helping Floridians. Insurance companies now have all the power and all Desantis wanted in return was campaign funding for his eventual presidency run. What’s stopping the insurance company from denying and the underpaying everyone’s claims since most homeowners can’t afford expensive attorneys fees. They’re taking advantage of Florida homeowners and i just see this entire insurance problem getting much worse. I work in the insurance industry 😢
    11
  7589. I’m a deputy in Florida. I started at 24 straight outta college during the Covid pandemic. A lot of people been leaving and new deputies don’t last . The higher upper had a meeting about changing things to keep people from leaving 🗣 4 min into the meeting, they’re were dragging us young guys about being lazy and big baby 😂 🗣 our job is way harder now with Covid and nobody new actually has a house rn . We have to stay home with parents and roommates with others. Higher upper are making 100k+ sitting in their office and living buy the ocean or acres of land.
    11
  7590. We have a Costco membership and even I don't fill up there. I value my 20 minutes over saving $5 in gas.
    11
  7591. Its people like you that make the world a better place!!!Thank you brother.
    11
  7592. We sold our house at the top of the market in central Florida. The buyers put it up for 15,000.00 more with no updates. It's crazy. We made more than double with what we paid in 2013. Strange if someone pays more than what it sold for 6 months ago. You never know what someone is willing to pay.
    11
  7593. Spot on Michael. All Investments, especially in real estates, must have the investor in tune with local governments and economic news. Always have a backup plan for income.
    11
  7594. From a buyer's perspective, and even as an owner of a condo, I think it's great that focus is being put on the viability of the home you're buying. Just like you wouldn't want to forego an inspection of a single family home before signing a contract, you shouldn't do it when buying a condo. Condo associations should be aware at all times if there are structural issues with their building. That should also ensure that buildings are being well maintained at all times, because if not, it will soon come to light. Will it cost money? Sure, but you can sleep safely at night. Another point is, if condos are well maintained, then you might not see many "dead condos" (one of your previous videos) and subsequent new ones built for millionaires only ...
    11
  7595. You tell it like it is..thats why I enjoy your channel...it's all the truth..my property taxes double as Car and home..
    11
  7596. Wow. I didnt think that properties off the beach would be that high! I figured a more reasonable price like 400k to 450k. Crazy times !
    11
  7597. Shhhhh.....there are enough people here. Lets keep them a hidden gem.
    11
  7598. Some board members know exactly what they're doing...
    11
  7599. Ground based solar for the win!
    11
  7600. Retirement, like my parents had during their day, is a fantasy. People are going to need to work longer and harder. Guys, get in the best shape of your life physically, mentally, emotionally, and spiritually. Yourgonna need it! Your health is everything, everything else is secondary
    11
  7601. Rentals in California are coming down some too.
    11
  7602. Damage control for election year. You are right on.
    11
  7603. So I guess if you are hell bent on buying a condo it’s best to purchase in a new building if you can afford it. Insane what’s happening 😢thanks for this information
    11
  7604. Nothing dropping where I live. But, if you don't buy a home, most people will have a difficult retirement. Rents, on average, only go up. We are retired and home is paid for. If not, we'd be having to live in a not so nice area of the city. Why pay rent when all that money is going into someone else's pocket?
    11
  7605. For the algorithm.
    11
  7606. What a backdrop, Michael. No wonder you don't want to move away from FLorida. Have a great day and thank you for the informative video as always. Please send my regards to Lisi.
    11
  7607. I feel like it’s buyers market already 😄 Your the only YouTuber I watch daily, keep making these kinds of videos 👍🏻🙏🏻
    11
  7608. I'm from the government and here to help :)
    11
  7609. For the woman who lived in Tampa and her taxes went up from $700 a year to $2,000 a year? I guess she never filed for homestead or this was her second house. That's the only way they could go up so much. The second thing is who would want to buy her house on a sinkhole so it seems as though she is stuck which is awful! The hometown heroes and I don't usually agree with these things but it is for people who are part of our hometown so not investors coming from other cities. Or big business. So I think it's a good thing possibly. Now things are too expensive even for our hometown people. I wouldn't buy now for anything. I bought a long time ago.
    11
  7610. Michael, you are spot on!! I am a realtor in northern New Jersey. If the house is not priced accordingly (other than Montclair, NJ), we no longer have bidding wars and less appointments are made to see the home. Thank you for taking the time to make these very informative videos! Best, Angela
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  7611. babysitting these crap needy clients and dealing with other SH&^T realtors is the real problem...
    11
  7612. Just recently watched a Shelby church video talking about the "American dream" being dead. Both of you couldn't be more right.
    11
  7613. I definitely like this quieter side of the Florida coast. I don’t want to be in the middle of nowhere but I don’t like crowds. Will you be doing the gulf coast as well?
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  7614. Once again you bring common sense to managing money and realestate. Theses “big cats” recommending you lie about finances don’t understand the risks when you have one “popsicle stand” and all your risk is right there. It’s not good to lie to yourself or put yourself in a position based on fantasy, or a lie. Not to mention integrity and morality. this is how people lose respect.
    11
  7615. Condos are tough in FL (rust, seaside and salt erosion, HOA neglect). I would probably not invest in them in FL. Stay with SFH....:)
    11
  7616. Eat less and eat healthier. Your expense will go way down.
    11
  7617. I totally agree with you about liking the humidity over the dry heat. At least humidity is good for your skin, unlike dry air where it kinda destroys your skin!
    11
  7618. I think if prices come down enough it might make enough sense to sell and upgrade to a home and pay a higher interest rate.
    11
  7619. I just sold my place last month here in socal. Priced it a little lower and got crazy attention. Had a couple buyers bidding each other up. Accepted offer first week. Gonna chill now and wait till maybe next year to rebuy. Thx for the informative vids!
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  7620. I am super happy i lost the only house i wanted to buy to a cash offer. I started looking into the market when that offer fell through and realized what a terrible time it was to buy. I would have huge regrets had i actually bought a house a few months ago.
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  7621. Micheal, my wife and I have been watching your channel for sometime now. We enjoy your view. It's very similar to ours. Their are peolple that think when the fed pivots, the fed will start cutting interest rates. After studying the history of interest rates, I think these people are going to be shocked when the fed just holds the interest rates steady for a long while. We are looking at moving to Florida in just over 2 years. We have seen how the insurance and taxes have went up. My wife is nervous about it. I'm hoping for housing prices to drop some by then. We are looking in the Stuart to Sebastián area. Hope everything went well for you during the storm.
    11
  7622. Golf 'cars' can travel to every 'square' and to every 'village'. The squares are squares and the villages are where everyone lives...there are over a hundred of them and still building....
    11
  7623. I have a hard time believing that stimulus money has that great of an impact on the prices of housing anywhere. It may pay for the moving van to come to Florida, but it's certainly going to help very much buying an increasingly expensive house.
    11
  7624. It's funny, I have my house for sale and there was a real estate agent in the Huntsville, AL area who posted on the Huntsville group of probably 47K people about 3 weeks ago and was talking about how it's the best time to buy a house. I was just shaking my head, even though mine is for sale that is the last thing I would tell someone.
    11
  7625. It's called kicking the can further, but the longer it takes, the harder the fall.
    11
  7626. Flippers and investors are the driving force across the majority south Florida. Every other home coming onto the market is a flip. And some of them have already been flipped before. Hot potato 🥔
    11
  7627. This is a great video. I watch you all the time and learned so much from you. Keep up the good work!
    11
  7628. If the 2-year bond gets to 6% that's where I'll be parking my cash instead of buying rentals. You'll never make ZERO RISK $6000 (net) on $100k worth of rentals per year on average at current insane prices, especially if there is a RE correction that eats into your equity.
    11
  7629. I remember the 80's as a kid all the adults were smoking and drinking and my Dad was biting his nails. 80's had high interest rates like 14% on loans thats how we got our house.
    11
  7630. I am from Czech republic, our national bank started hikes ahead of US and EU, in autumn 2021, now we are at 7%, so mortgages are 6+% and changes in monthly volume of mortgages are significant. August 2021 - 45 billion CZK, August 2022 - 10 billion CZK... So the volume decreased by 78%, inventory just goes up, almost no one buying, if FED keeps on with the rates and QT, you are cca 6 months behind us... Demand is gone catastrophically. Year ago, when there was 25% annual growth of prices, people laughed at me, when I said this is not going to end well... Now these same people are silent or the less smart ones still in denial phase...😂
    11
  7631. Canceling it right now🤦🏾‍♂️
    11
  7632. Economic collapse and ubi by 2025?
    11
  7633. Stack metal. Ditch the dollar.
    11
  7634. I've been to almost all of these places over the last 40 years, and like your list! I think our favorite is Sunny Isles/Aventura. We currently live about 30 minutes NW of this area, but frequent Sunny Isles often and enjoy the Aventura Mall every few months. In about 20 years we may move to a bayside condo in Sunny Isles. They are affordable right now. We would move sooner but we need our acre property for next 15 to 20 years.
    11
  7635. I think you found your calling Michael !! Start your own talk show .:) 🤩😎
    11
  7636. Surfside looks like a beautiful place to live.
    11
  7637. It’s about time!!!….but somehow I believe the foreign buyers will find a loophole because money talks and some politicians,regulators or government officials will sell out!!!!
    11
  7638. Great content Michael. Thanks for taking the time to share it!
    11
  7639. Michael, please have a look at "Building Integrity" channel on utube. He's a forensic engineer. I've learned a lot just by watching a few of his vids. Think you will find him very interesting, too.
    11
  7640. Two friends of mine and myself split the cost, we all order, we save. Of course 'til amazon tightens up and forces people to "swear" any ordered items really are for the member, then come to your house to investigate in depth. Nothing surprises me anymore.
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  7641. Great video!!! I really appreciate what you do to help people!!! Awesome!!! Happy Holidays to you and your family!!
    11
  7642. I went to Taco Bell today and had a combo meal with drink and it was $5.38 and I was very pleased with the value my guess is if I was to put that meal in line with the cost of that house my meal should be like $6,00.00
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  7643. Having vacationed numerous times in the Sarasota/Ft. Myers area, I jumped at the chance to transfer from California to Florida for work. I'm finishing up my first year living in Florida and, aside from the fabulous kayaking and beaches, I find it doesn't come close to comparing to California's weather and beauty. I miss the mountain biking, camping and hiking along the coast and in the Sierra mountains, kayaking at Lake Tahoe. I feel like I've given up 3 months of mild winter for 4 or 5 months of crappy summer. That said, I'll never move back for all the reasons stated in the comments you read. Tiburon, San Rafael, and Novato are kind of like islands separating you from the rest of California's issues. But they come at a price most of us can't afford. I'm very fortunate to work from home; I gave Florida a shot but plan to move to Chattanooga, TN to see what it's like. I think it will be a much better fit for the outdoor things I like to do. I not.............maybe Oregon or Colorado will be next. Great video!
    11
  7644. Let it crash. Americans need a wake up call.
    11
  7645. Tax rules are usually used to incentivize what the government wants to be done. 💪🏻
    11
  7646. I just brought a condo in West Palm beach, I live in Boulder Colorado six mos of the year and six mos in Fla , it’s perfect !
    11
  7647. Those prices are a joke for those homes.
    11
  7648. Look at the foreclosure list.. interest rates that are too high and then increase in taxes and HOA fees are destroying communities. Real estate is the biggest problem.
    11
  7649. The rich and the poor are pillaging what is left of the middle class.
    11
  7650. You guys should team up more! Enjoyed this.
    11
  7651. The laws are designed for you to make a huge investment and then lose it. The laws are even worse for divorced men.
    11
  7652. Totally agree with your point that the investor behavior for purchasing single family home is wrong and should be punished as a crime. We all should act together to have a new law for correcting this kind of illegal house purchasing. In addition to that, local (or in state) resident should have higher priority for buying residential property than buyer from out-of-state ( or other countries). For example, an out of state (or non-local) resident should pay more tax or share more responsibility to support the development of local community.
    11
  7653. The 2 most beautiful states, and the only 2 places I would ever consider living in the US. Thanks for the awesome video!
    11
  7654. Wait until you call your home warranty company and they tell you why your repair is not covered. They always find a way to not cover you.
    11
  7655. The housing market is crazy. But Michael's updates keep us informed and in sane.
    11
  7656. Mr.Scribners Box is worth 60k maybe 75k with the cheap upgrades🤣 not 1 Million or even 600k lmfao 😂 thanks for the laugh and Happy Thanksgiving 🤣😎🐑
    11
  7657. You are a good man Michael.. sensible, knowledgeable, honest and lost of common sense! ➕➕
    11
  7658. You know, another important thing to consider? There's lots of homes for "stale" one reason they went "stale" while on sale is , who wants to buy a home in Central Florida, in the woods, miles of dirt/sandy roads, during dry spells, you get stuck, your vehicles live dirty, also if you look at their past sale history, they've been on the market for a loooong time. These are the home on the market today, that no one wanted back then. You end up buying one of these homes, you'll have a home for ever, cause you ain't selling it to no one. The only reason they're listed and expensive is because of the lack of inventory, in an artificially heated market,, not because they are worth anything. So my advice is, buy in a place where you can easily sell in the future.
    11
  7659. I closed on my Home on Friday. My realtor said 40% of his clients dropped out. He actually had to get another job along with his realtor job.
    11
  7660. Interest rates need to go back to what it was in the 1980s. 11 to 15 percent on home loans ..
    11
  7661. In Florida, you fear an appoaching thunderstorm complete with lightening, or the occasional hurricane. In Calfornia, we fear a hot dry windy sunny day. Also, there is a big difference between Northern CA and Southern CA. Southern CA is a desert, thunder and lightening is rare and a treat. I live in an area of Southern Ca where I can play in the snow, then jump in the car and drive for an hour and a half, take my shoes off and wade in the ocean. (Mt Pinos to Ventura). The best part about Southern CA is NO BUGS. I can eat outside without being constantly pestered. There is a short period where you in the summer with the occassional fly. I was in Florida and there is much less homeless, downtown LA is a disaster, tents and garbage pilled up everwhere.
    11
  7662. I’m glad you’re talking about the economy and personal finances as well. This will expand your audience.
    11
  7663. last september i made a sign and sold my own house in one week. there was nothing to it. even got more than i asked.
    11
  7664. Your the Best, keep up the good work..
    11
  7665. My father bought a adjustable mortgage in Orlando, back in 1975. By 1979 he was pummeled with an astronomical payment.
    11
  7666. I am like you. If I am not happy with the raise, I just look for a new job. I don’t like to play games or black mailing the employer to give me a raise. Eventually, they’ll look for a way to get back at you. Most people are petty.
    11
  7667. Money is not everything, even those people got life-changing money for their units. People pick homes because of the neighborhoods and location. They’re probably not gonna be able to afford another condo of the same size in the area now. So they’re gonna have to move neighborhoods. That would just be completely unacceptable to me, no matter how much money they gave me, my neighbors are important, the community I live in important, the stores that are close to my house are important the parks, the activities, the whole vibe. Especially as a person that doesn’t drive and is not car dependent. I wanna be able to walk and ride my bike. Even if I move 10 miles down the street that’s too far it’s a whole different neighborhood. These developers need to stop unless a building is up for sale. This should not be OK. Because none of those people were probably thinking about moving until there’s a lot of greedy people that use a second homes and they don’t care they’ll sell them, but for people that live there day in and day out that’s not right.
    11
  7668. GEEZE A recipe for disaster, what could possibly go wrong. LOL Another enjoyable video, Thank You Michael!
    11
  7669. I can hardly believe the cost of insurance in Florida. Wow! It really jumps the total ownership cost.
    11
  7670. Feliz cumpleaños Michael!! I hope you enjoyed your day! Thanks for keeping us informed! Stay healthy!!
    11
  7671. someone did this with one of my properties....scammed someone out of a cash deposit...buyer showed up at my condo to collect the deed....had to tell him his own greed got the best of him.
    11
  7672. The insurance companys say the juice is not worth the squeeze.
    11
  7673. We here in NZ need some big corrections our housing market was overblown with 10 to 15 times median income to median house prices dependent upon area prior to the plandemic. We had roughly a 20 to 30 % rise over the plandemic. We are down roughly 20% still 10% higher than Feb 2020 ! We need a Ireland style crash this will be a slow meltdown I agree Mike it will be 24 or 25 when we see the real fallout as many go into denial until fully tapped out
    11
  7674. A relaxed sunday evenning and a Video from my favourite Youtuber. It's just wonderful!
    11
  7675. Here in NJ I noticed that most homes in my area are sold to people escaping NY
    11
  7676. A neighbor of my brother just listed his home for $575k. He will not accept a dime under $650k and expects a bidding war. American Greed is happening in this country. Pigs always get slaughtered!! Golfed yesterday, walked the 18. Timmy C Arizona
    11
  7677. What I think makes Florida, and any state for that matter, so interesting is its diversity of landscapes and scenery. And what sets it apart from almost everywhere else in the country is, you can bring a bottle of water with you and enjoy all the different aspects of the state 12 months a year. I never thought much of Tallahassee but I'd definitely visit after watching this.
    11
  7678. Thanks Michael ! Wow, I didn't know there are so many conditions to be aware of when buying a Condo. I will Not buy a Condo !
    11
  7679. A lot of people in Central Florida are flooded due to levies re-routing water. Last week it was bad, areas now becoming flooded two weeks after the hurricane, many counties only gave residents a day notice last week. Everyone I know doesn't have flood insurance or minimum insurance, because the premiums were so high and they didn't think they needed it.
    11
  7680. Apreciate your videos!! Keep it up 👏
    11
  7681. Another reason not to buy a house.
    11
  7682. Since I've been out here driving a truck for 28 yrs i haven't seen freight slow down this bad. Even in 2008-2010. I really believe we're in for a great depression now. I'm glad my whole family is taking this seriously now. Buying long life foods, generators, gold and silver and everything else they need. I wish they would've started years ago like my wife and I did. Good luck everyone and pray for our world.
    11
  7683. I was debating retiring in the Tampa area a few years ago. Went with southern AZ instead.
    11
  7684. Relocating at any age is tough. But the small town vibe is no longer affordable. For over 5 years things were lovely but once the COVID-19 pandemic hit all bets were off. Up became down and left became right. The rent changed without warning in large chunks. I've noticed folks are having to share rent- they rent out each room and end up being roommates. 3 and four people split the rent. No more are the days of one family living in a single apartment. Pretty soon we'll be living in the small pods
    11
  7685. What the hell is that the Beverly Hills of Florida!
    11
  7686. It's simple math, too much demand with a 3 percent interest rate, means home prices go up. Little demand at 6 percent interest rates means home prices lower. They say for every 1 percent increase in interest rate, price is affected 10 percent
    11
  7687. Car payment 750 Gas per month in cali 350 Insurance in chiraq 250 That adds up to a lot more than 30 Chipotle's
    11
  7688. Florida getting more expensive After you add flood insurance Fire insurance Hoa fee Mortgage payment Out of reach of average Worker to own home 🏡
    11
  7689. Does ANYONE believe we’ve had 9% inflation? 😂😂 more like 25%
    11
  7690. Michael, be careful out there in the streets. Some of those drivers are making me nervous as hell.
    11
  7691. For most people, it is unaffordable. What’s the average or median income in California? Not that high, really. And the mortgage payment is just the beginning. Utilities, maintenance costs, food, education, health care, clothing, transportation. If people are going to have a real life, then they have much more to pay for than a house.
    11
  7692. 🎉🎉🎉🎉 2023 is just going to be ABSOLUTELY CRAZY 😝❗️ No one has a crystal ball and it will be very interesting to see what happens this year. Thankfully I’ve learned so much from the 2008 Housing Market. Thank you Sir for your daily updates and information. Blessings from Paso Robles, California, Carlos
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  7693. I was 22 when I visited my dying father in the hospital. He was very weak and we weren't sure if he was aware we were there. I gently hugged him and held him. I whispered,," I love you Dad" and started to pull away when I felt him grab me with a rather firm grip and pull me back down. He said " look at me Son, I love you too and I'm very proud of the man you've become.....but please son....please promise me.......... you'll NEVER EVER............. let your Mom buy a property that has a HOA"
    11
  7694. Seller financing only works with 25 percent down
    11
  7695. Man, you have got your act together. Charts, Figures, Stats. I can understand this guy"
    11
  7696. I have a modular home...lived here 30 years....I worked construction for 25 years and most stick built houses aren't all that good.
    11
  7697. Saved for over 50 years and lived within my means, bought affordable homes and paid them off, shame the majority did not do this!
    11
  7698. I'd love to know why so many areas around the country are getting multiple offers - do you think it is related to investors buying-up so many residential properties?
    11
  7699. SUNDAY GREETINGS MICHAEL AND LISSI 🌴🌄🌴
    11
  7700. 17:10. You said it again. Good news is that a judge blocked it. Karma got justice
    11
  7701. I believe you panned your camera on the condo that fell at the beginning of this video. That was such a tragic event. As someone who loves homes, whether it be single story homes or condos reaching to the sky, I took it double hard watching it fall and people dying in it. Such a beautiful family homey community.
    11
  7702. Once the Fed gets out of the markets like they were before 2008, home prices will fall to their true market value. We need to get a crash to allow people to participate in the American abundance machine. If people get left behind they will not show up to work because they system is screwing them or they will start businesses and thrive but it will be a painful transition.
    11
  7703. Happy Wednesday Lizzy and Michael! Thank You and I hope you two are enjoying your travels. I think Mr. Habib needs a new Crystal Ball! LOL
    11
  7704. Great video. Information like this is important. Thanks Michael!
    11
  7705. It is a "tourist" destination, so traffic 3 months outta the year on Front Beach Road is highly expected and would be alarmed if it wasn't bumper to bumper. Otherwise the traffic isn't so bad if you stay away from tourist row. 30A is 10x's the bumper to bumper because thats the only road moving East to West besides Highway 98.
    11
  7706. It is awesome that you keep people in the know about condo issues. 😎
    11
  7707. Lol do NOT Commifornia our Free State of Florida!! DeSantis all the way🇺🇲
    11
  7708. It's pretty simple, nobody wants to pay ex. $550K for a house that sold for $400k in 2019... the prices were inflated for pandemic, now that pandemic is an endemic and economy is going to shit, inflation is through the roof... what do you think is going to happen during a collapse or as it gets worse.. you won't be able to sell the house for price you overpaid and now stuck with the difference and a loss... only a moron would buy right now.. if you need a house and money is no object or your have no choice that's one thing but for the vast majority of buyers it's a poor poor investment that will only end with a loss to buyers.
    11
  7709. warm waters. Florida is the bomb. Boating also, even though CA does well with boating, the boating lifestyle in Florida is perhaps the best in the world.
    11
  7710. We looked at a property in March for 235k. It went u/c with someone else and then fell out. Was relisted for 299k and our agent asked why the change. He was told because there was a lot of interest. It sold for over 299k. Now… I notice that the houses that are going under contract in our area in Maine are “underpriced”. Agents are stirring the FOMO pot. That is their newest strategy. They also take these drone shots trying to capture any glimpse of water (but avoid the trailer trash next door to the listing lol). I don’t think buyers are using bing or google street view. We are still having out of state cash buyers buying them up. Sad. The average family income in our county is 66k and the average home sale in 385k.
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  7711. Florida: home of the worst drivers. Unfamiliar road patterns from up north and older folks. Aside from the drivers, I miss Florida. St Petersburg had everything I needed. Downtown is great even though everything has short hours. The parks, the beaches and affordability...all good. There's a reason the housing went up 30%.
    11
  7712. The more I watch this guy the more I feel like buying a house.
    11
  7713. This is not the 1800 or 1900’s where the job keeps you planted, or family in one area for 50;o one hundred years.
    11
  7714. Fun fact, that McDonald’s promotion was rigged, the guy who was suppose distribute the winning ticket kept them and gave the ticket to mobsters for a cut of the prize money and this went on for years until the mobster passed away and his wife snitch to the fbi because he went to a rival mob family to continue the scam and she did not like that. When he finally got caught mcDonald’s did not press charges on him because he had dirt on McDonald’s, apparently McDonald’s was promoting the monopoly promotion in Canada but never actually send any winning tickets to Canada and they did not want the negative press
    11
  7715. So glad to hear you are both ok. I saw this on local 10 this morning when I was having my coffee, I was so shocked. I have stayed in many high rises over the years, some old some new, I couldnt have imagined this happening. My thoughts are with the families involved and the first responders that are trying to male sure no one is left behind. It is such a eye opening situation though, we never know what may happen.
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  7716. My best friend from college just bought a “Nice fixed up flip house” in Compton. She paid $850K and shes excited about it because she got a discount and closing costs… 😮 COMPTON, CA
    11
  7717. One thing I can’t imagine buying now is a condo in an older building in Florida. I would lose sleep worrying about a special assessment and also having full reserves by January 2025.
    11
  7718. Welcome to LA! Beverly Hills will make just about anyone wanna move here. And thank you for bringing us the real. Along with repairs, home fees outside of the fixed principal and interest rates truly do adjust upwards over time to make homeownership more stressful — especially in retirement.
    11
  7719. I live in a very low turnover area as far as real estate goes. Many properties stay in families for generations. Recently saw an elderly person die and their grown children moved in. So the house won’t go on the market for another 30 years.
    11
  7720. Its important to think logically, not emotionally, about situations. I'm nearing my mid 50's, recently went through a divorce, and had to go find a home to buy in the fall of 2020. Found a modest home in a rural area for $110,000. I work remotely so its doable and it was the only way I could afford a place of my own. I'm looking to get into a bigger place but wont make a move until prices correct. Hedge funds are buying up properties but their main focus is properties that will turn a profit. Not every property is capable of that.
    11
  7721. Your dad was nice to walk with u!
    11
  7722. I always gave California the rub because I was born here. But I spent years in both states and Florida wins by a large margin in the side by side comparison. 🤔
    11
  7723. The first home you showed for sale had a classic Rolls siting in the driveway. The owners trying to sell are not strapped for cash, that's for sure.
    11
  7724. Agree. High prices and rising interest rates = stagnant prices for a while at best. Good time to sell and rent or scale down
    11
  7725. I always say, hurricanes bring out the best in people and the worst. Good luck Tampa.
    11
  7726. Michael for president for real because he speaks the truth and tells us the way it really is.👌👍
    11
  7727. You could easily lose LESS money if you got hit by a hurricane than you would with these blindingly bad insurance policies. When insurance ceases being what it is designed to be...
    11
  7728. Damn. How do you keep spitting straight facts for 20 minutes straight?
    11
  7729. One of my best friends bought a duplex in Sandy, Utah in 2013 for $189,000. He sold it in Dec 2021 for $650,000… Hope the out-of-state investors that bought it are enjoying it…
    11
  7730. Even though my main purpose of following your channel was about moving to Florida, I must admit that I am fascinated with your market analysis!!! 👍🏻👍🏻👍🏻
    11
  7731. Assuming..... A- You continue to put $500/mo away B- You leave it alone. Most will fail to do either at the minimum. But liability is the one that will bankrupt you if it happens.
    11
  7732. As we give illegal immigrants everything for free. Americans have had enough! Great job sir.
    11
  7733. Thx for the update as I was considering to move down here from NY.
    11
  7734. There was a worldwide pandemic. Why does that mean companies would want people working from home forever? I completely understand the people that were promised never ever to have to return back to the office and moved thousands of miles away from their job, but for anyone that just assumed a global pandemic meant that they would never see the inside of an office again, shame on you.
    11
  7735. Yelp!!!….Florida is off the chain with inflated prices…we’re about to become the next California!!!😳😳😳
    11
  7736. I've lived in Florida my whole life. If we get pulled over which is very rare we always get off with warnings. But be careful in the keys, those cops don't play.
    11
  7737. There are TONS of properties in my city (Phoenix) where OpenDoor overpaid for a ton of properties, put $5000-$15,000 in paint and whatever else, listed it for more but missed the dive in the market that's been going on here all year and after a half-dozen price cuts, they are still listed at LESS than purchase price and that's not even considering the recon money they sunk into them. A disaster decision to buy houses in an inflated, bloated market the way they were doing. CEO must be a lunatic. But if it is branding, then I guess it's "Opendoor: where we have NO idea how the real estate market works!"
    11
  7738. You should check out the bonus payouts for the top guy at State Farm. Totally obscene. And calling themselves a mutual? Total BS.
    11
  7739. I’m learning a lot from this channel.
    11
  7740. Good magician analogy. They get us to look at the one hand while the trick is played using the other hand.
    11
  7741. Get the boundary survey before you buy! It's money well spent, and can save you a lot of heartache.
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  7742. I would love a video on understanding amortization schedules. High house price with low interest vs low house price with high interest. Which would be easier to pay off faster if the goal is a forever house. I paid mine off in five years with a 6.99% interest rate instead of choosing to refinance. I found in my case I could make multiple extra principal payments rather easily compared to the extra principal payments on a low interest rate. Granted, I didn't overbuy because I could. My goal was to own where I sleep. Now I own and waiting to buy a second house and repeat the process. Great video as always brother. Keep it coming and keep it real.
    11
  7743. Great view Mike! I love this marina. This is absolutely HORRID about insurance! It’s gonna put a ton of people in the hurt locker, stretching them beyond what they can afford. I don’t like this at all. It can change at any given time! Hey Lisi!! Good to see you girl! 😊
    11
  7744. I’m an insurance underwriter and no one works in the office🤷🏽‍♀️. I just interviewed for 2 Senior positions—remote😃.
    11
  7745. Hey Michael , Nice to meet Lexi via your new video ! I am not a West Coast Florida guy , but I do enjoy going along on your road trips. Here on Miami Beach another building was deemed "UNSAFE" It is a three story building located at 16th street and Lenox Avenue. Sadly the fire department gave the residents 5 minutes to "GET OUT" and standing on the street dazed the residents were told to go to a shelter. Sounds pretty outrageous , this story is just breaking , I am not able to confirm any other details. Travel safely , joey d. Miami Beach : - ))
    11
  7746. Buying something for a tax deduction very rarely leads to a profit !🤪
    11
  7747. I don't think they can offload those mortgage backed security's. They may have to form a REIT that buy's them and then sells them to retirement funds, but when the market tanks, that REIT's are going to tank, causing a retirement catastrophe.
    11
  7748. Real estate is local. Pick your poison.
    11
  7749. I can't believe how many people are not taking advantage of student loan payments interest free. This is the most opportune time to knock down the principle. What are alot of people doing?! They are spending it away. It boggles my mind how people are clueless with finances. It's no wonder why things are the way they are and people are in debt up to their eyeballs!
    11
  7750. Great content looking forward to see more of houses w/ 1 or 2 bd, HoA is a bit high imo but I agree it is great place to rent IMO.
    11
  7751. Let the open market function. Keep the government out of it.
    11
  7752. I'm going with 401(k) and ROTH IRA. I'm not counting on Social Security. I hope I'll have some savings and a fully-paid-off house too.
    11
  7753. I have the down payment, the good job, the E Fund, but the prices are too high in Socal. New condos aren't selling/built because they offer no incentives. Houses have dropped about 50k but for 500k you get an insulting 2 Bed 2 Bath, plus high HOA fees for condos. The biggest drop? Flip homes. They are sweating because they can't sell and they know what's coming in 2023. 😂
    11
  7754. As usual, clear and easy to understand video if one is interested in buying an investment property in Florida.
    11
  7755. People are flocking to Florida because of your awesome governor. Freedom.
    11
  7756. I’d rather be in “crowded Florida” than the dirty Bronx !
    11
  7757. Another issue nobody talks about is home owners who now have zero equity or worse negative equity can't sell their house and buy another house.
    11
  7758. If you do a video on smaller beach towns, check out Gulfport, FL. It's a few minute drive from both St. Pete Beach and downtown St. Petersburg, and is basically a 1930s historic neighborhood full of bars and restaurants, a skateboard park and permanent beach volleyball set up... it seems to be getting really popular.
    11
  7759. Definitely a lot more than what’s being reported.
    11
  7760. If home prices don't grow enough to keep up with inflation, they're declining in real terms.
    11
  7761. A hybrid system of two days a week is really not that bad, and although I’m a huge, huge proponent of remote work for the sake of work/life balance, reducing stress and reducing costs for workers, being in person at least some of the time is better for collaboration. Too much increases stress and anxiety, but none at all isn’t good either for the sake of collaboration. I think that a hybrid system strikes the right balance.
    11
  7762. Banks are slowly capsizing and even some of the larger ones will begin to fail. I’m sure Yellen will try to comfort everyone and bail more of them out but she can’t get them all.
    11
  7763. You are right on point. Here in Northern Arizona, i have renters who want to buy but are waiting due to high prices and interest rates. In addition, i sold a rental because its the top of the market and renter candidates had way too much debt and repair costs are astronomical.
    11
  7764. @14:54 Credit to Scotty Kilmer --- he is awesome
    11
  7765. Whats bad about cooking the jobs numbers is that banks and business make serious decisions based on those fake numbers.
    11
  7766. Prices are just stupid
    11
  7767. Yes, keep showing the homes and their insane prices! I always feel so much better, when I buy similar beachfront homes in Costa Rica and Panama. Which are 30% to 50% cheaper.
    11
  7768. I love your videos no bulshit keep up the good work
    11
  7769. The HOA should be charging you an extra amount every month for the roof, parking lot, carpet in the hallways. That way there isn't a big charge when replacement or repairs are required. In my condo is was maybe 30 or 40 dollars a month extra for the reserve. It's not that much but you have to do it regularly to keep the amount down.
    11
  7770. Love watching you and getting your information. Jacksonville Florida has a large increase in homes for sale over the last month. I'm noticing many more For Sale signs myself. I'm not seeing the Sold signs though. I've been following rents and they seem to be going down since last November too.
    11
  7771. St Augustine is awesome went there to visit, loved it went back and bought a house cant wait in two months leaving Colorado and moving to a Free state. Cooler than south Florida, great beaches, great food, less hurricanes, less bugs, no state income tax in Florida and a super awesome old city with tons of history. Great food is just a bonus!
    11
  7772. Thank you for your time - energy and HONESTY 😮
    11
  7773. The California “Big One” earthquake is predicted to occur within the next 30 years I imagine a lot of places will go down when that happens
    11
  7774. $1.25 mm and no garage! LOL!
    11
  7775. I was reading about the buyers remorse. There are actual statistics on it!! Sad for them but they brought it on themselves. All of these crazy buyers paying crazy prices, bidding wars!! Just hurry buy!! One of the largest purchases of our life made in minutes. Those people fed the fire of the overpriced houses. I feel a little bad but not that much.
    11
  7776. Gas prices being high had a domino effect of everything else costing more, no? They now know there was collusion in terms of price gouging at the pump. Inflation is basically just corporate greed.
    11
  7777. People want foreclosures but when that happens, people are losing jobs left and right. I would worry about keeping my job and saving as a priority.
    11
  7778. I have been wanting to move to Florida from outside the US since I was a kid. Now that I work remotly and have the money prices skyrocket! F to me.
    11
  7779. I guarantee the homeowner took the lowest bid or one of the lowest bids. Quality builders cost more money up front but actually save you money in the long term. They should have looked at other builds this contactor did, spoke with clients, did a record search on the company, etc. You can also hire an independent inspector come in periodically and check the workmanship for very little money.
    11
  7780. Just waiting for the "Florida sucks, there's no good jobs and it didn't work out for me so it won't for you" comments...... 🙄
    11
  7781. I've done the math and it just doesn't make sense to ever purchase a home where I live. I have the 20% downpayment, over 805 credit score, sweet stable engineer job, but with the interest rates and high prices even if I lived in the house for 30 years I would never break even, and never beat the historical return of the S&P/market. All I see in my future is renting unless interest rates come down or house prices more than half.
    11
  7782. Thinking seriously about retiring to Porto, Portugal!!! They have excellent healthcare also!!!
    11
  7783. Prayers for those who constantly takes L's from relying on government. 🏆
    11
  7784. I live in northwest Indiana and have been observing the market there since sept 6th. In just a few months prices for 3b/2b (typical starter home) have dropped from an avg of 335k to 275k. And some listings are dipping below that. So I'd say the correction is already happening pretty quickly out here if comparing numbers to last years home values. I really wonder how things will play out next year. There are 10s of 1000s of buyers who are sitting on their hands right now. When prices go down, demand will go back up, which could lead to prices going back up due to competition, no? But I guess prices would have to stay down because too many would be priced out and we'd be back to square one.
    11
  7785. Naples - 1600sf - paid off - insurance was $2200 - now $8700 and they only insured for $200k NOT replacement- dropped all insurance and went with $1million liability Lourdes of London $523 a year - Florida insurance is a rip off
    11
  7786. Love your channel because you explain everything with common sense. Even I can understand and agree with most everything you say.
    11
  7787. Tell me about maintenance, furnace and two water tanks 12g's. Paid cash, no financing.
    11
  7788. This channel is a must for every first time home buyer! If they saw videos like that one, they would understand the housing market much better and hopefully wouldn't fall for lies and tricks from the sellers and would make much better decisions for their financial future.
    11
  7789. All those fancy way-over-priced homes will ALL be among the first totally sacked when SHTF
    11
  7790. Here in Phoenix not too long ago you could get a one bedroom apartment for 500 now it’s 1500 because so many people are moving here
    11
  7791. Also scary when you go down the beach and see all the damage on all the high rises. Especially from 50th-80th st
    11
  7792. Boating in the Gulf of Mexico is like the Bahamas!
    11
  7793. Dont see sold in 72 hours anymore, that was big in AZ😮
    11
  7794. 100% agree with this take. Mainly companies that became public between 2020 and 2021. They just went public for the cash grab. By the way, those two years had more companies going public than in the previous 10 years. Crazy. Currently, those companies either turn to debt or shareholder dilution (issuing more shares) to keep up with their inflated pay. CEOs keep on getting millions while laying off workers. Then they ask: “why are employees not loyal to the company???” LOL.
    11
  7795. I live in the midwest. I follow certain realtors and builders. Most of them have non stop advertising. Like I’ve never seen it before. People are not buying anymore.
    11
  7796. Thank you for the video Michael. Thank you for showing Robin's place.❤❤
    11
  7797. And, in the days that only the dad worked, they didn't pay all this money for cell phones, computers, and internet. The constant escalation of technology to expand to everything including the price of a car is one of the reasons modern life is becoming impossible to afford.
    11
  7798. This was insane even people said 5% interest rate was not much compared to 7%- 10%+ in old days. Yah but house was cheap in those days. Example my uncle bought a multifamily house for 170K in 1996 and now worth 800-900K. You can argue the salary was low in 1996 but it was $5.25 VS $14.25 as 2022. His house goes up 5X while salary goes up 3X
    11
  7799. Hi Michael, please be careful. I saw a site that checks on weather, they said that at the beginning of next week a big storm is heading to California and another bigger one is going to follow. They said that there is going to be major flooding to the whole state of California its going to be huge. I just want you and your wife to be safe
    11
  7800. Finally seeing price reductions in my area, down to 30%-40% off original listing price. In other words, down to 2019 pricing levels. Sellers are starting to panic because 30 year rates are at 6.6%.
    11
  7801. Hey Michael, We made it down Florida In clearwater its amazing! We are planning on going to St Pete and everything in between! Left Michigan with Snow!
    11
  7802. I'm a Veteran and I think this is such horse manure. I'm also someone who paid off all his student debt...so that (unconstitutional) policy is BS too.
    11
  7803. I lost my corporate job in 2008 and getting a new job at 51 was definitely difficult. So I became a realtor to help others in short sales and foreclosures. I worked very hard but I was able to make up for my corporate job pay.
    11
  7804. I think it will become stagnant. The buyer waiting for prices to come down,and the seller unwilling to sell at a lower price.
    11
  7805. Come back to Denver. We have a new mayor. He’s done a great job dealing with the homeless issues.
    11
  7806. We have been in a commodity bull run for the last 10 years. China bought all the corn . Crops have lower yields due to weather and factory farming. Opec is pumping less oil..This bailout started in 2008 when the banks were bailed out and regular people lost everything.
    11
  7807. Hey man love your vids moving to Port St. Lucie in June-July what do you think of that area. I like how the weather is not as hot as Miami but not as cold as Jacksonville. Moving from Atlanta
    11
  7808. Google is going to lay off 30,000. Wonder if they will be able to keep up their mortgage payments.
    11
  7809. your videos are like visiting a friend keep up the good work
    11
  7810. I have lived in Florida for 25 years. I started out in Boca Raton. I moved across the line into Broward county in Coconut Creek for 7 years but close to the prettiest beaches in Florida just so overcrowded. Seventeen years ago we moved to the Gulf side 80 miles north of Tampa, the nature coast and considered west central Florida. We are an hour and a half from Orlando and only 2 hours from St. Augustine. I cannot be happier anywhere in Florida than I am where I live currently.
    11
  7811. Surfside is a hidden treasure, brings good memories (will be sharing this video with the family) white sand beaches, filled with New Englander/Yorkers (which is great is you're an introvert), excellent food, lots of mom and pop stores. 5:22 Oberle is an awesome store to go to if you want to find unique designer glasses. I strive to move there some day. Thank you for listing!
    11
  7812. Many first-time buyers will continue to live in their parent's basements (continue to save, and go for the 40 year loan) or look may for a cheap trailer home. The smart retirees are living in a home that's already paid off... I'm waiting for another FL housing crash, prices are already dropping. No sympathy for the fools that rushed in and overpaid the last couple years...
    11
  7813. Go downtown and see how many businesses have closed.
    11
  7814. Rant away! Glad it's just not me. This world is really becoming a cesspool, God forgive me for saying that. How we treat animals, the environment, and each other! It's really sad. We rarely go out to eat anymore -too expensive for nothing great. And everywhere we go - tipped to death.
    11
  7815. Blue tarp specials! Tax liens everywhere!
    11
  7816. Listings in Naples Florida are starting to pile up. Middle of summer it will be obvious to everybody the air is coming out of the bubble.
    11
  7817. I love your channel because you keep it real! After the Surfside collapse I don't know why anyone would purchase or let alone live in those older Miami condos on the beach. It's another disaster coming soon!
    11
  7818. Hey Mike you're so right again went to Arizona outside of Phoenix last month to look at Houses looked at a bunch of new builds since we've been back. It's only been a month and the realtor is called us to tell us to houses are down 25 to 30k same ones we looked at since we left
    11
  7819. So much information that I can relate to. By far my favorite when wanting to hear about current housing market conditions. I like how you touch on topics like credit score. My score fluctuates between 830 and the occasional 850 with no reason, especially since I’ve been managing my finances responsibly and the same way for the past 30 years. There’s going to be a serious reality check for those who are not prepared for what’s to come, because they have not experienced what had occurred in the past. They will learn.
    11
  7820. We are being conditioned to except less for more, both quantity and quality. Most younger people have no concept of what life should be like in a free society as opposed to what it presently is. Unfortunately, after the lockdowns and restrictions, nothing will return to where it previously was. If you really want to experience a state in dire straights, visit Pennsylvania. We were overly restricted and conditioned during the lockdowns, and I think that we are too far past the point of no return up here.
    11
  7821. Mortgage rates fell today even more.
    11
  7822. Locally we went from just half a month of housing inventory earlier this year to 3 months worth and there is still more construction happening than I've ever seen here, so inventory is going to increase even more as that happens and I-buyers try to reduce what they have on the books. It's beautiful.
    11
  7823. Patrick Bet-David is my favorite entrepreneur channel. So much great content.
    11
  7824. EV? No way, not even at price equity with a gas car. Closest I'd even consider would be a Toyota Hybrid.
    11
  7825. You should do a video of the wildlife in Florida you typically see on a day to day basis
    11
  7826. I would love to hear about the west coast apts
    11
  7827. Two or three years ago in my neighborhood houses were only staying on the market for a day or so now they're on the market for weeks at a time.
    11
  7828. Thank you Micheal I always enjoy your videos . Thanks for sharing the truth , current issues , and your wisdom . Appreciate everything you do for us.
    11
  7829. Best place for swimming in Florida? The pool.
    11
  7830. On my home I pay $550 a year and that's with a $7500 deductible per I don't have a mortgage thanks to Mom! I also don't have medical insurance per they doubled my premium when I turned 45. Most insurance is a scam as they peddle Fear!! Timmy C Arizona
    11
  7831. As rate go up it will also affect credit cards and car loans
    11
  7832. Mike, just keep doin what you're doin. Love your channel and what l really like about you is you never same the same thing over and over in every video. Every video is new and fresh. Thank you.
    11
  7833. Michael, I enjoy your informative videos. Thank you for sharing your knowledge and experience! 😊
    11
  7834. Driving around in Raleigh/Durham NC metro yesterday, WOW! rows and rows of newly constructed townhouse condos and more under construction! Wondering what they cost to rent or own...cracker-box apts with tiny balconies...😮
    11
  7835. Looks really nice! I love fort Walton beach. Really chill place!
    11
  7836. This cannot be said loudly enough or often enough. I'm a home inspector and for the last 4 or so years, people have been lined up 6 contracts deep to spend $220K of other people's money on a house in near foreclosure condition that sold for less than $75K five years ago. They're offering $10-15K above asking price and accepting all of the deficiencies which frequently cost in the neighborhood of $25-30K. It's like they're dead set on spending their absolute prequal limit right now on the best of the worst on the market rather than sitting out a while longer to have a better choice and qualify for a better level of house.
    11
  7837. They'll be regretting it two months from now.
    11
  7838. "The Tipping Point" the point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change.
    11
  7839. I love living in the panhandle. Property taxes are high, hurricane insurance is high and summer tourism can be a pain. That said, it’s fantastic for 9 months a year including weather, locals and things to do. People are old south conservatives in the Panhandle unlike many other parts. Better love humidity and if you can swing it, near the water the sea breeze really helps. Paradise is the way I describe it.
    11
  7840. It’s because we are buying things are double the price 3 years ago
    11
  7841. I've been a Palm Coast resident for over 3 years and I'm also a licensed realtor. All these neighborhoods have access to shopping and restaurants. Nothing is really far away. Palm Coast Pkwy and Moody Blvd are 2 main business streets .Have in mind that this city doesn't have ghettos, it's very safe, and the property value is quite uniform across the city. I'm originally from Europe. I know what urban living is like..It's convenience vs comfort, safety and privacy.
    11
  7842. Michael (we😁) my wife so far paid off 10 credit cards and has 2 only and made BT at 0%. Also just paid off her car. And we got a couple thousands in our savings. Were just about there and gonna take your advice on waiting. Your advice on low price and refinance later. I know u cant adjust the price but you can adjust intrest rate. Thanks man!!
    11
  7843. We just returned from Dunedin a couple of weeks ago. We loved the area. It was so calm and relaxing compared to Clearwater just a few miles away. We stayed at the Hampton Inn at the start of the causeway. It was reasonable and convenient to Honeymoon island. We also spent a day in Tarpon Springs and ate some good Greek food at Hellas.
    11
  7844. I get what you’re saying about the mental health when in Florida. I always feel better when I’m there. One reason I’m thinking of moving there.
    11
  7845. i totally agree that right now is NOT the right time to be making major risk-on investments.
    11
  7846. I bought in August and spent months and months looking. I refused to pay more than 10k because I figured that would be blowing a trip to Disney and we could make that up in equity. Glad I thought like that we ended up not bidding over..actually under and got a house I plan to die in with more than enough room and a pool. Everything works out just be patient
    11
  7847. Interesting point about living on the beach but moving where you still are close to it. If I go through moving to Florida, even though a big reason would be for the beach lifestyle, to get more bang for my buck regarding housing, I would have no problem living 10-45 minutes from the beaches. I would be working full time anyway and would not be able to go every day. Even living 45 minutes away is better than being a full plane ride from one as it is the case for me now living in Ohio. If I can go weekly I'm fine.
    11
  7848. I think purchase prices for real estate will be dropping $10k-100k per month for the next 4 months.
    11
  7849. Those glasses are epic ❤
    11
  7850. Home prices in California need to come down a lot but won’t.
    11
  7851. Real estate investing sucks, way more lose than gain money. Those days are gone for the middle class. It’s all part of their plan
    11
  7852. 😍What a Beautiful heart your Papi has!!!❤ You are Blessed!!! So happy for you Michael FAMILY AND FAITH IS EVERYTHING!!!💯Thank you for sharing your Pops with us!!!😎🌴
    11
  7853. I’m 36 making 150k never had student debt. Union worker in NJ
    11
  7854. Supply/demand say prices are not going to collaps any time soon.
    11
  7855. I give Florida about six years before it becomes just as unaffordable as California.
    11
  7856. Thank you Michael. You are so sensible.
    11
  7857. I am from Cleveland Ohio and we go to Sarasota Florida which is the Gulf side and we don’t like the East coast of Florida because it is too crowded. The City of Sarasota is just beautiful and Saint Armand’s Circle has all kinds of shops and Restaurants. Plus Sarasota has the number 1 beach in the USA . It is just one hour away from St Petersburg and Clear Water and the beautiful Tampa Bay. You forgot all about this when you mentioned Sarasota
    11
  7858. Love your videos! Keep on keeping on! But on a side note, who the heck has the money for a million dollar house but not a roof? Sounds to me like a lot of overextended houses and maybe some serious fomo from a couple years ago. Idk though I’m just a dumb viewer.
    11
  7859. Some people may want to consider other countries to live and or retire. That generally seems to require accepting less access to products and services. Infrastructure can be lacking too in countries like Belieze and Colombia. My spouse last week said he would prefer to move to Uruguay instead of the U.S.
    11
  7860. I consider it a recession when I got my insurance and property tax increase for next year🤬
    11
  7861. Wild ! Most people in this country only makes 25 k or less …
    11
  7862. Shoutout to Roger! 😁
    11
  7863. I remember my parents using map-quest before GPS was popular. Things have changed a lot!
    11
  7864. 2008 all over again, to the T
    11
  7865. I feel the same way about Florida summers. I have lived in the Tampa area for over 14 years and I still can't stand the heat and humidity here. I see a lot of people talking about this in the comments. I just want to help out and give them a fair warning. Ladies and gentlemen, I advise you to come and visit sometime in the summer. It is MISERABLE for 4-5 months of the year. Believe me, and I have visited most of the states out west. That dry heat has nothing on the heat and humidity here. Just being honest. It is AWFUL here in the summer!!
    11
  7866. hey, i was thinking to move florida from europa. to start life over there! good videos man greetings from finland!
    11
  7867. You come up with GREAT content!
    11
  7868. You nailed it Michael! 😟Depression both emotional and financial along with desperation is setting in‼️
    11
  7869. I was born in Florida in 1949. You need to check out some of the smaller towns.
    11
  7870. Its outrageous bro. I dont ever think I'll ever be able to afford a home now. I may just continue renting but even those prices are rising so fast. The place I am renting at just raised their rent $230. My lease ends in 2 months, I won't be renewing.
    11
  7871. Hi Michael! Great video. I'm from Ohio and I've been living in Palm Coast for 8 years. I love it here. Your video showed a lot of the "W" section so yes if you live there. You may have a 15-minute drive to everything. However, Palm Coast is bigger than you think. The "E" section is 5 minutes from everything, including gas stations:). My point is yes, it can be a tucked-away city, but there are plenty of sections to buy or build a home and you are right by everything. I have a 2020 Dodge Charger Scat Pack 392 HEMI so a trip to St. Augustine is about 25 minutes for me:) Good luck with the house hunting!
    11
  7872. I blame all these YouTube vloggers, digital nomads, Only Fans models and remote workers making big incomes and driving up the price of housing and R.E. I just read that the Miami area has almost 5,000 Only Fans models which is the highest amount anywhere in the U.S. Second highest was Las Vegas. They have some of these "models" making $9,000 a month. Not too bad for just showing your body.
    11
  7873. It is better to buy low with high interest, than a high price home with low interest rates. Js. Great video as always Michael.
    11
  7874. I'm watching you walk these streets from the UK. Very interesting indeed and lovely to see Robin's house. However - where are all the people? These streets are deserted! Is it a zombie apocalypse?!
    11
  7875. If you can work from home there’s no need to come to office, especially if you are salaried and sit by computer all day long. There is no benefit in working in office.
    11
  7876. My sister works in zoning in ID. I don’t think she will win because people can then bring as many tiny homes as they want to a property. What will the neighborhood look like. There are places this lady can go legally park her tiny home. She is far from homeless. As a home owner I definitely don’t want my neighbors renting out ground to a tiny house that I have to look at and additional cars parking on the streets. This is how we start down a slippery slope of recking neighborhoods. Imagine if you we walking the streets there in your video with tiny homes dotted in the yards. I have to agree with the city.
    11
  7877. I agree, for middle class families of more than 3 people below 200K combine income, this is not a good investment but it all depends from what state or city they are coming from.... the value of what you get in Miami might be better thank other coastal places... Also sometimes the vibe of the place where you are relocating to gives you the value in life that will give you more harmony, peacefulness, prosperity and ultimately happiness for you and your family. Thanks for the video once again! Always precise with your comments!
    11
  7878. nice little neighborhood
    11
  7879. My stepson was driving for Lyft on the ice, like a bonehead, and he slid off into a drainage ditch. Damaged the tie rod, strut, rim and lower control arm. $4k for that. Unbelievable! He luckily got it paid for by the insurance company but he's had a few issues in the past and they're about to cancel him. He pays $480.00 a month.
    11
  7880. Many cities California have mobile home park laws where the tenants cannot be evicted even if the land is sold. As a matter of fact some cities when you sell the park the buyer has to leave it as a park.
    11
  7881. The few I know who are shopping for a house are now offering 100-200k less than the asking price!
    11
  7882. Another reason for back to work is that the cities where these big corporations are located have given significant tax breaks to those companies to come there. The argument those corps make for the tax breaks is that they will bring stimulus to the local ecomomy. Well since work remote has been implemented and people moved away many of these towns and their local economies/businesses have taken a big revenue hit which also affects the overall tax revenue. So now the local governments are telling the corporations if you want to continue getting these tax brakes you better call your employees back to the office.
    11
  7883. Hi from Australia and housing prices still on the rise here but cutting immigration to give people here a chance to buy a house if they can anyway.
    11
  7884. Thanks for this updated video, Michael! If my sister, husband and childhood friends from NJ scattered about the Country all decide to relocate to Florida, they'll be able to make an educated decision, based upon a number of key factors!
    11
  7885. Sellers have an emotional attachment to their homes and unrealistic expectations. I want Eggs, gas and a lot of consumer items to go back to 2021 prices. It's like they don't want to hear the truth. It's always good to look at the price history. First thing.
    11
  7886. Prenups are NOT bulletproof vests. Not even close.
    11
  7887. Hey Michael 🙂 you have every right to feel the way your feeling right now. It’s devastating and scary 😟 because you just don’t know, because of this you’re absolutely right the condos will probably be looked at in a different way. It will probably cost more to maintain the foundation of all these buildings going forward. It will definitely have an impact on the market and with the banks as well. Not everyone can afford to purchase with money up front, it will be much harder to get a bank to invest in a condo. I’m sure everyone who owns a condo is terrified about their foundation and the up keep of their building. Let’s pray that this issue is an isolated situation. Once again may God give comfort to those families that lost a love 💕 one to this horrific tragedy. God bless 🥰
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  7888. wave of foreclosures supposedly coming in the second half of the year - hey, Merry Christmas!
    11
  7889. I live in Los Angeles Comifornia… prices are dropping a lot in certain areas and the cracks have barely begun. By 4th quarter this year we will see huge moves down. Don’t listen to real estate agents
    11
  7890. Ty Michael for this vid. Every new technology which replaced the existing technology, had one thing in common, that is more energy density. The specific energy density, even if one takes into account 2,5-3 times higher efficiency of electric compared to ICE, is about 20 times less (gas tank vs. battery, energywise). All the bad stuff of electric cars, derives from this fact.
    11
  7891. 14million? you would think they would pressure wash the sidewalk and driveway for curb appeal.....
    11
  7892. Heaven help the ones who finance those projects on the store card. HD competitor's store card is through Synchrony and the rates on that card are going up well over 30%.
    11
  7893. I’m glad you went with Lizzie into the castle area!
    11
  7894. We’re definitely waiting for a crash. Houses are crazy expensive in our area right now.
    11
  7895. Just like the auto dealerships with their 4 square, they will point at that monthly payment get the sale (ignoring down payment/final price).
    11
  7896. Lol, the economy has been collapsing for years already
    11
  7897. Yeah..the healthcare company I work for is downsizing their office space and asking to work from home.
    11
  7898. You got Michael Bordenaro on 106.7 the reeeeeeceeeession
    11
  7899. I Could have qualified to get this money but I didnt take any at the time I was well capitalized. Now 3 years later all my business is totally GONE....Mostly because of the pandemic.....My capital is getting lower and lower. Thank goodness i had youtube. otherwise I would probably be penniless. But still loosing tons of money every month.
    11
  7900. Would love Micheal’s opinion on the settlement the NAR reached today in the realtors’ commission case, the result of which are that come this summer, the entire real estate agent commission scheme in the USA will be completely upended. The expectation is that a significant portion of agents will leave the profession.
    11
  7901. Can you please do a video on what’s going on with home Insurance companies in south Florida. I keep on hearing that more home insurance companies are going out of business and the ones that are still in business keep on raising their prices to double and even triple what someone was paying before! I’m looking to move to Florida in the next year and now I’m concerned with what kind of issues I’ll be facing to be able to even get home insurance!
    11
  7902. So as someone who moved to Florida from Connecticut, a lot of things suprised me. 1.) it’s really not that Hot and Humid all the time, it’s basically a flipped winter up north, meaning 3-4 months it’s humid then most of the year it’s 70-80 degrees sunny and breezy, and even down to the 50 and 60s in December. I don’t know why people complain all the time it’s really not bad. 2.) I live in Pinellas County but weather is REALLY predictable so for me safer, in Connecticut it would be hailing for one second then snowing the next hour. Weather up north is SO CRAZY! I don’t get why people warn me about Florida weather, it’s so nice. Last one is I’ve never seen a wild gator and I’ve been here 3 years. I hike a lot and just have never seen one, if I did you just treat it like you would see a coyote or any way more dangerous animals that live up north!
    11
  7903. Remember nothing is 100% don't overthink it!
    11
  7904. The meteorological reason why Tampa is so hot is because there are 3 climate zones in both the northern and southern hemispheres on Earth, with prevailing wind from the east in the tropics and polar regions and prevailing wind from the west in the temperate zones. That's because of the Coriolis effect, but that would take a longer explanation. That's why in most of the US, weather systems go west to east, but Florida sticks down into the tropics, so most of the year, weather systems (such as hurricanes) go east to west. So though the west coast of Florida is on the ocean, the wind is usually coming off the land in the summer. So the whole Atlantic side of Florida is better than the Gulf side. Yes it gets hot in northern Florida, but at least it doesn't last many months, only around 2, depending on what you consider oppressive heat and humidity. Wikipedia and other websites have climate data for different places if you want to see. Here in south Florida, summer lasts an eternity plus a year. It isn't so much that it's that bad, it's how l-o-n-g it lasts, it just starts to get to you after a while. In that way, just coming down here for a visit doesn't fully tell what it's like. The way I beat the heat as much as I can is, I sit in my back yard with a fan on me. That helps a lot. But that generally requires buying a much more expensive private home, since there's generally no way to do that at the pool area of a condo development, unless there's an electrical outlet right by a place to sit. Another problem here for some people is MOSQUITOES. I'm a mosquito magnet. I had to buy a private home both so I could use a fan and so I could set up a screened-in area in my back yard, otherwise I could never be outside here. I also want to spend the summers in California, if not move there altogether, especially because of no mosquitoes in the desert, but I have an elderly mother and can't be away for long.
    11
  7905. In all honesty, you can't blame remote work for causing the worst housing market ever, because the housing market was already terrible before the boom in remote work. The truth is that we love the free market up until the point when we get priced out. Technically, this is what free market financial competition really looks like and we're all experiencing the consequences. As far as public/private partnerships, a lot of those properties are being bought by investment management/developer companies under convoluted financing schemes with the government. This doesn't stop the rent from going up at all. The units that they're purchasing are around $500k and up for a studio/one bedroom, so the rent is still going to be at least $2.5-5k. Developers just won't build affordable housing on their own.
    11
  7906. Thank you Michael! You have always been fair and reasonable. No matter the background of the community you reference, I appreciate your courage as well as the hard work in sharing information.
    11
  7907. Another great show, Michael.
    11
  7908. Hey can you do a video on 55+ retirement communities? The good and the bad.
    11
  7909. From your meteorologist follower, Florida can get quite stormy during El Niño winters
    11
  7910. Thanks a bunch Michael!💐 It never seas to amaze me to see how young people who are well educated and well informed in this country, are not worried about the future of their country!! Not only that but compared to youth in other countries they are nonchalant ,🤔indifferent and think you can just wait for politicians to decide your future for you! If you don’t like what you see then you have to get involved before other countries pull the rug from under you! It’s sad.❣️ “Just saying”
    11
  7911. I’d take the money and run!!!
    11
  7912. Hi Michael, can you do a video on insurance, Florida seems to out of control. Homeowner, hurricanes, flood
    11
  7913. A good property manager can absorb a lot of those headaches.
    11
  7914. We're doing better than ever. 2022-2023 were excellent years for earnings & investments. Planning on a month long vacation to Spain for next summer. Our only debt is $150k on house @3% and $20k on a subvented car note @0.9%. Use reward credit card for all spending (2% cash back on all purchases) and pay off the balance each month. Live in NM and home hazard insurance is $800 a year and car insurance over 3 vehicles is $1.1k for full coverage. Married couple/empty nesters.
    11
  7915. Rent. Rent. Rent! Michael is correct. This is the perfect time to go back to college and find a roommate and rent a house together. Save your money as cheap homes are around the (18 month) corner. I am saving my money to buy additional homes right now.
    11
  7916. nO iNcEtIVe tO SeLl ..... Reminds me of 2008. So many people laid off, from execs to plumbers. What did they all do? Default on mortgages.
    11
  7917. Great job both of you. Camillle's Ex must have been a fool. She's a doll. Keep it up.
    11
  7918. Secondly, Michael we have a condo building in the downtown city area that has come up with some problems. So, here we have the garage of a very tall condo building here in the city that has some structure problems and need to be worked like yesterday!!!!!!😵😵. This report is with a very very serious concern about that building. So we will continue to take a look at this condo in our downtown area.
    11
  7919. Michael "Desperate people do desperate things" here in South Florida in high-end gated communities we are seeing a large uptick in crimes
    11
  7920. Not to mention the cost of replacement of batteries when they fail. One popular model is about $16,000 to replace the batteries. Some who bought a used EV have learned this absolutely the hard way!
    11
  7921. Don't be fooled about the fact that there isn't a state income tax. There isn't one in Texas either and when I moved there I realized that the state just gets its money in other ways. Check out how high property taxes are in Texas. You could EASILY pay 10K or more in property taxes in Austin. I know that for sure because that's where I lived.
    11
  7922. Rent is going up but still cheaper than buying/maintaining a home. Im in Salt Lake City.
    11
  7923. Bought my condo in January in June they proposed a 36% increase ($707 per month) I sold in early August and it took effect late August.
    11
  7924. What is missing from the most recent CPI is the fact that OPEC reduced production by 2MM barrels per day on November 1, 2022 which will force the price of crude to break the 200 day SMA. As you know everything in the US moves on diesel and an increase in transportation costs means a price hike on almost everything we purchase. I would not be surprised if November's inflation rate is higher than October's 7.7% and the Fed keeps its foot on the gas in December and raises the federal funds rate another 75 basis points.
    11
  7925. Great info as always. We were going to buy a condo as a 2nd property and the fees are scary expensive and I'm Canadian. We just bought a lot in Port Charlotte and will build a home, seems the only sensible thing to do, get what we want and no retail resale that we have to fix to bring it up to our tastes.
    11
  7926. That’s the area we’re moving to! Go walk Okaloosa Island! It’s beautiful!
    11
  7927. In reference to refinancing later, didn't anyone one learn a lesson to all the ARMs, refinancing and equity loans from the past? If you can't afford a house, you can't afford a house. There's zero shame in not buying a house. Mortgage companies that have to bend, extend or change rules for a person to purchase a house are only thinking of themselves. They could care less if later you can't make mortgage, insurance or real estate tax payments. Or if you lose it. There's no skin off their teeth.
    11
  7928. People are looking at renting instead of buying because the rent is too damn high!
    11
  7929. Happy Sunday Michael, Thank You!
    11
  7930. Michael-seems like you're getting anxious about the economy, and I understand why. You're a Millennial. Like Roosevelt said during the depression "The only thing to fear is fear itself". These are scary times that you M's have never experienced. This is a great time to learn. I can tell you from experience that this will pass. We are going through an anomaly right now. I've lived in CA during the 1980's recession before your were born. Struggled through rentals prices going up every year. Moved to to Colorado where we could afford to buy a house and raise kids then Austin, Texas to gain equity growth, city pension in a city that was booming. (by the way, our property taxes were far higher than CA) You will get through this...
    11
  7931. I’m going through the same thing. I love living in Miami Beach but I really miss the mountains and rugged natural beauty of California. I also think lots of people who haven’t been there judge it based on the politics and how it looks from outside the state, and that’s just a negative way to experience other places and cultures IMO. Most people outside of the core of cities are pretty normal and balanced. It’s been great being here in Miami and figuring out who I am and what I like beyond that mountain lifestyle I came from, but I do miss vertical, and scenic lookouts that don’t require an elevator. I also moved down here from the North (northeast corridor) and also find it to be a much better option.
    11
  7932. I have to give my local Costco here in Sarasota credit. They had gas before and after hurricane Ian. Just filled up this past Monday at my Costco for $2.94. We had no damage to our condo here. Plenty of downed trees though. Our friends to the south in Englewood without power for well over a week.
    11
  7933. The 6.6% was probably the mortgage companies' anticipation of big drops in the prime rate. That drop will not happen.
    11
  7934. NO $H*T!!! Thank you for another GREAT video Michael!!!! Florida is NO longer a desirable place to MOVE TO!!! People complain about California but according to your videos, YOU need to have MONEY to LIVE in the Beautiful STATE of Florida!!!! Game Over!!!! :)- Kudos to YOU!!
    11
  7935. Appreciate the dedication, hurricane or not! :)
    11
  7936. So cute! Your parents are so young and pretty open-minded and understanding of your decision to move away at such a young age. My parents are/were much older than me (I'm the youngest of 4 girls) so there was a huge age gap between me and my parents and as a result, they were very traditional, strict, and set in their ways. I often wonder what my life would be like if I did what I actually WANTED to do at 20. I'm happy that you got to do what your heart told you was right for you. xo
    11
  7937. Hi. Great video! Thank you for sharing about your situation with debt in your younger years. When I was in college some of my roommates had filed bankruptcy. I learned by watching all of the struggles they had to deal with. To this day I am very careful about my financials. People would make fun and call me cheap. However, I am okay with that. I don't waste money but I am generous when helping others. I stay on a budget that has served me well for a long time. I balance my "books" monthly and recalculate quartley. If I want something outside of the ordinary I have an "kitty" fund that I put money in...(i.e. I save for it). I use cash as much as possible to protect my information....watch all of those rewards things, it's a way to get your data. I keep my credit card paid off. Many blessing to you and yours for all that you do to get the message out there and help others 🙏.
    11
  7938. Hey thanks a lot for your perspective Michael! I'm thinking about moving at the end of the year and starting a new chapter in my life and this video really helped.
    11
  7939. Love how your so honest!! Saying yes homes are selling people are buying, But that’s not everyone!! So true!! Thank you Michael… you rule!
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  7940. The easy thing to do is charge higher tax for every second home 3rd,4th,, charge higher taxes for foreigners without greencards, and charge higher taxes for institutions that own homes that are older than 3 years old. You can also force corporations to sell a home within 2 years of buying one. Honestly they should not be allowed to own any home's unless they are adding new home's to the market
    11
  7941. I just noticed on Zillow and Redfin. It said I was responsible for 2.5 to 3 percent realtor fees. I clicked on it and it said normally the seller paid. I was outraged. In addition to overpriced homes, they think I will pay realtor fees. Is this common at this point? I will never buy from them. Thank you for your information.
    11
  7942. Flippers, putting lipstick on a pig and jacking the price up $400k
    11
  7943. I never knew that, about the bank calling in the home equity loan. A woman I used to work with was always taking out the equity and then would go to Atlantic city and gamble. A few years later they lost the house and divorced. Crazy stuff. Thank you for the great video. I love when you swing the camera around and show the scenery. I hope you and your family have a great Christmas 🎄.
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  7944. Your right michael..I live in a suburb if pittsburgh .everything is sky high and houses are sitting on the market..food is crazy high gas utilities..I always tell folks we live on the plantation earth and the slave masters don't like us..we the people can make changes but has to be on a united front..govt is slavery..keep up the great talks. Appreciate ya
    11
  7945. Hi Michael - go to jobs indeed , Miami and foreclosures. There are urgent jobs for legal clerks and lawyers for “upcoming foreclosures “. Some job titles are direct but when you read the job descriptions, foreclosures is there. I know there’s a huge inventory that’s not being shared on the main realty sites. Zillow used to have pre forclosure and short sale in their search engine, that’s not been there for a while. I have a theory, when or if, Zillow restores those two categories , we’re definitely seeing 2008 all over again.
    11
  7946. I like this guy. Shoots it to ya straight. Is a critical thinker and doesn't follow the mainstream narrative. We need more like him in America! 👍
    11
  7947. Prices are coming down in Ohio but the prices are so inflated there still not affordable
    11
  7948. Remote working greatly reduces the amount of the gasoline people use for commuting thus lowering pump prices
    11
  7949. I appreciate these walking videos with the views and news.
    11
  7950. Thank you Michael. All your honest sharing of rising costs related to house ownership these days makes the house ownership so unjustable to person of regular salary like me. I am making around 400k a year now with no debts but only a house loan in Ohio and saving majority of my income, but I still feel so financially stressful and uncertain if I can afford buying a house in So Cal these days. I just have a mind set that I am not going to be able to buy a house in So Cal regardless of how much more I can make. The cost and price of house ownership here is just too crazy.
    11
  7951. GREETINGS MICHAEL, ALWAYS GREAT CONTENT BROTHER. 😀👍
    11
  7952. Another reason why this might take longer to play out than a normal recession is that there is an awful lot of parked money right now. Pandemic money. Recent gains money. And it's that money that needs to be burnt off. That's continuing to fuel the economy or at least slowing the drop. Next year is going to be extremely interesting. I thought it was going to happen this year. The transition should have given people plenty of time to start getting their 'house' in order. Great commentary Michael.
    11
  7953. Price between $100,000 to $150,000.
    11
  7954. My husband and I asked our buyer's agent about foreclosures and she said she didn't recommend them for the individual buyer but for investors. The buying process is different and the risk is higher, and the banks are a nightmare to deal with. Our realtor said: "I'll tell you what I told my boyfriend: I'll do it if you insist, but I'm not gonna enjoy it." I'm more interested in the effect that foreclosures have on the market. A wave of foreclosures would push prices downwards, wouldn't they? Softening up the so-called "regular market" so us regular people can afford regular homes. We don't need five or ten homes like the Boomers: we Millennials just need one.
    11
  7955. The myth that you can set any percent commission you want is a lie because the real estate agent won't show your property or it will be nasty to you. Ask me how I know
    11
  7956. I have been following a couple wealth managers and their take on the housing market is that the recession will get worse affecting the housing in this way. New home prices will drop but not to the level people will be able to buy so builders will have to resort to renting them out. There will be no great excess of inexpensive homes on the market like in 2008. Plus they have no confidence the fed knows how to react to this situation.
    11
  7957. Pretty thorough advice, I would also add to insure any older (~25 y.o. or older?) homes on the water for replacement cost because if a hurricane eats your home, you'll have to build to current hurricane standards and that may mean building 8' off the ground.
    11
  7958. Please do more on-site videos of available, decent long-term 1 & 2br rentals and pricing, at the $1500 - $2000 per month range. Preferably on the beach with pool and off-street parking, if possible.
    11
  7959. Government employees are grossly overpaid. Make an immediate 20% reduction across the country. .
    11
  7960. Insurance companies got Congress to pass a law (according to my insurance agent) to ensure insurance was deemed a risked pool assessment meaning if bad things happen in Florida, everybody all over the Country pays for it. There's a reason Warren Buffett loves insurance companies, you gotta have it. When I retired, I thought taxes would be the killer. Nope, it's insurance. My home insurance just went up 34% this month for my renewal. As for a recession, pretty hard to believe when the consumer still has $1.6T in M1 & M2 money in their pockets and you have the lowest unemployment numbers in over 20 years. Small businesses are desperate for people and though some sectors are laying off, most are looking for employees. Oh, and Happy Birthday!
    11
  7961. I agree brother. It definitely changed mine for the better as well. Used to take me 4 hours to drive to the beach in NC. Now it takes me 15 minutes. And down here that's far! What changed me for the better was getting into shape. Being in shorts and t shirts and warm weather all year made me want to start my channel and get my health in order. I lost 40lbs in 3 months.
    11
  7962. Sitting on the porch with a cooler of beer and a shotgun after maxing out my credit cards and stopping my mortgage payment thinking I had a good run I got no more give a shits
    11
  7963. Even if you live in the desert, you're not exempt from sinkholes. I knew of some houses outside of Vegas where the owners moved out because they had cracks in the walls and were starting lean. Cheap price for some real estate but it's a disaster waiting to happen! No matter where you're buying a house, check to see if the foundation is still straight with a bubble level or even a tennis ball can work. Doesn't always mean it's a sinkhole if it's not level but it may be an expensive repair sooner or later. Great info as always, Michael 🤟
    11
  7964. Hey Michael did you ever have issues with altitude/oxygen levels when you where traveling a few months ago? My sister and her husband moved from Houston to Colorado and have had many problems due to vastly different climates.
    11
  7965. It's 82 degrees here today with low humidity and my 2 bedroom furnished apartment rents for $375 a month. 😂😂😂
    11
  7966. The US is setting on a huge pile of dry kindling wood waiting for a lit match. Which is on its way soon.
    11
  7967. I’m grateful for people who like to rent, especially when they rent from our personal property. Also great property management company is crucial, don’t want the headache. I really love the stability of being a home owner. It comes down to peoples priorities, To each their own…
    11
  7968. I lost a ton of $$$ under this administration…luckily I have a pension.
    11
  7969. Great review! very detailed and accurate. It was difficult to find a non-ad like type of video about living in Florida. thank you!
    11
  7970. My dad retired and went back to work 6 months later because was bored, he is now 71.
    11
  7971. I just moved to Port Saint Lucie earlier this month from California and so far I can say that the beaches here are much much better.
    11
  7972. I look at Zillow pretty regularly and the amount of listings/price cuts has exploded. People are still pricing their homes like it was 2 years ago, but that's over lol. Central Indiana suburbs btw
    11
  7973. When i was younger I lived for a time in Ft Lauderdale. It was great in my 20s for a singles party town. Now that I am older the west coast and its laid back lifestyle is much more comfortable for me (as well as less expensive). I've outgrown my party days and anyway I love our sunsets.
    11
  7974. Thanks Michael! Excellent explanation on the homestead exemption- I understand how it really is affected based on your breakdown.
    11
  7975. One of your best videos!! Great content that speaks the truth of what’s going on today.
    11
  7976. I thought the water looked beautiful.
    11
  7977. Southern California is more Beautiful!! than Florida too me...Florida so have real nice beaches.. the air in California is lovely!! especially in San Diego, Ca..Both States are a real beauty! I lived in California & visited Florida twice in my lifetime ~
    11
  7978. And if you retire to Mississippi, you don't pay any state income tax. Shhhhhh! 👍 😉 We did it. Less than an hour to the coast and infinite pine forest. Cheap too, but rising.
    11
  7979. I agree on regulations against making everything a rental. Normal people can't compete against these quasi local monopolies when trying to purchase a home. I will not be shocked if someone not from the D or the R side runs in 2024 on these issues and stomps them both.
    11
  7980. Michael , thank you for covering all sides of the economy, realstate and being genuine and truthful! As far as the thicket story I have noticed advancement in technology has a lot to do with it now they can go back many years and find people to charge them ! In many ways they make a mistake but they make it hard to fight back! If you notice it’s impossible to find any companies with competent customer service agents, they all have to put you on hold forever to be able to answer a simple question! It’s really shameful for money grabbing companies with no customer service!!
    11
  7981. I saw a house for rent for $2500. They want $5000 security, first month’s rent and minimum income of $10,000/mo.
    11
  7982. I would like to offer up another reason so many people may be moving to Florida now. Retirees move to Florida yearly, but right now, more people are retiring (Baby Boomers), at least in Ohio. In my Agency, we are experiencing a real job shortage because so many of our employees are eligible to retire. We began hearing last year from management, that there was a concern that we would have a staff shortage because so many employees had reported their plans to retire within the year (60 yrs and over). Fortunately, the Pandemic did not affect employment, most employees were able to work from home and we are still working from home. Every week, we are told about all of the employees retiring so that we can say goodbye. It's a lot or people every week, not one or two people every other month. like it was in the past. And of course many are going to Florida as usual but since there are so many more retirees every month, that means even more people are going to their retirement destination right now. I am one of those retirees who will be moving to Southwest Florida at the end of July. I was just looking for a 1 bedroom apt to start until I was sure of where I wanted to live. I have been planning to retire to Florida the last 10 years, vacationing there twice a year (Jan and July) in different spots to see where I thought I wanted to go. It took over 2 months to find any complex that would even talk to me about renting an apt for August in April (frankly it's been a stressful nightmare - maybe I'll be more excited once I get there). Then another 4 weeks to get them to approve my application and sign the lease. There are about 100 people for every available apt (is what they told me), so they were in no hurry to do anything. It didn't take me 4 weeks to get a mortgage loan on a house I had years ago. I don't have a plan B so I'll see how it goes.
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  7983. This definitely is not the fun video you wanted this week. Glad you are ok my friend! After I found out it was Surfside I knew you were ok, but felt you still lived pretty closed by. Stay safe Mike!
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  7984. Is it wrong that I am looking forward to these large investors being forced to sell the homes they bought up in places like Atlanta? I grew up in Georgia and every time I go back to visit family we end up talking about how so many people are priced out of owning a home where they live if things continue in this way
    11
  7985. Awesome video! I laughed so hard when you mentioned great white sharks- my biggest fear when I lived in Malibu. One bonus about swimming in Florida- you can see a shark coming lol 🏖🦈
    11
  7986. I enjoy and appreciate your content. I'm in central Florida and I'm just waiting for these prices to keep going down. I'm a renter and do not want to renew my lease so I was looking to buy. Rent is $2k/month, mortgage would be $3,200/month. I'll keep waiting lol You mentioned it in a prior video but I have experienced lenders telling me some sketchy things to try to get me to commit.
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  7987. There is no way an average working person can buy a house in Florida at todays prices. What I learned from this videos is, not to even think to buy something, because the prices and montly bill that are associated with, is just too high! Looks like all the world multi milioners are moving to Florida and pushing an everage person out of the market.
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  7988. I have become such of fan of your videoss Super interesting
    11
  7989. Don't just have the wrong kind of Dog😂
    11
  7990. Thank you for this. Actually trying to make a very tough decision to sell my house right now…. I have approximately $160,000 in equity…your advice helps!
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  7991. Yes. I wrote about this a few weeks back. Another shoe that has now dropped. My primary home insurance increased 30% from last year. They came and looked at the home, spent less than five minutes here... said "nice place" and 30-days later I received a letter stating that my rates were increased. I've been with Travelers for 20-years. When I finally got someone on the phone to discuss, they said "cost to replace your existing property has gone up with inflation." I told them inflation was about 8%, not 30%. No response.
    11
  7992. I seen a 2 person camper with 5 kids and 2 adults. Crazy
    11
  7993. Just moved from Naperville to St Petersburg. Love it, but beware of the "Florida Man" there are tons of morons down here...
    11
  7994. I've moved to Florida. I love it. No complaints. Other then the cost of living.. Seemed video was more for those with incomes 150 k and over. Rent and property is 3× higher here and wages I found to be a less. Harder for the lower working class. But I love it here. It's a price for beauty
    11
  7995. Doesn't help that the cough brought so many people there
    11
  7996. Selling a detached property and renting sounds crazy to me. Having your own little piece of sovereign family dirt where nobody can mess with you is the ultimate form of life security in the modern world. To give that up once you are able to attain it sounds totally outrageous.
    11
  7997. Michael, Florida is going to collapse with increases like that. People will start to flee.
    11
  7998. If you are planning to stay in your house it doesn't matter if you are under water. Things will change again sometime.
    11
  7999. I only make 54k a year after taces... how are people living?
    11
  8000. those people who haven't been taking advantage of the free interest and payment hold over the last 3 years (by saving and making payments) i will have ZERO. NONE. No pity if you don't have your shit together by now.
    11
  8001. Hey, you hit the nail on the head with this episode! As a Head Custodian, I'm sick and tired of seeing employees slacking off, doing the bare minimum, and complaining about everything. I've had enough and started doing more of the work myself. That way, I know it'll be done right the first time. I'd rather work overtime than let things slide. I was raised to believe in doing things right or not doing them at all. I take pride in my work and the work of my team. It's a reflection of my personal work ethic. Honestly, I'd rather just do it all myself. I've been down three full-time custodians since 2020, and I'd rather keep it that way and just do the job myself. I know it'll be done right. Generation Z has a bad reputation for being lazy, and some of my fellow millennials can be pretty problematic too. It's frustrating, to say the least.
    11
  8002. I know a guy that lucked out in Chicago. He bought a modest home for $150k a month later COMED offered him $300k , because they wanted to expand their infrastructure. He’s like okay. Took the money and ran. He said it was the easiest money he ever made lol
    11
  8003. Good for you I wish more would do the same.
    11
  8004. I hope Walmart doesn’t close down because it’s the nearest supermarket from where I live.
    11
  8005. I think working remote is great and helps many families cut costs. However, I agree with you, when companies are looking to cut they will look at in office workers as a perk.
    11
  8006. We are on the verge of the whole economic machine collapsing. The ripple effects of so few home and car purchases in the back 1/2 of 2022 havent even reached the first ripple. It will become obvious for people how bad it is mid 2023.
    11
  8007. Is contributing to a 401K really a good idea right now though? Seems like contributing to the stock market is like flushing money directly down the toilet within a day. I'd say, make sure that the emergency fund (or alternatives to cash fund) is solid rather than 401K flushing.
    11
  8008. It definitely feels like dominoes are falling & they're not done falling yet - more bank failures to come, as well as a crisis in commercial lending. 😥
    11
  8009. Need to buy cause I have 4 dogs and a pony
    11
  8010. Yes, I give up. Not buying. Prices going up more than ever in colorado
    11
  8011. You should also talk about the demise of zombie companies and the job loss that’s gonna come from it.
    11
  8012. I just received notice that citizens will belooking to cancel anyone who can find insurance within 25% of their rate as “citizens is a last resorts and not supposed to be leaned on so heavily.” I currently par around 8k a year which if I can find it puts me over 10k. Based on others I know though, it isn’t too bad (which is ridiculous). Just five years ago… my insurance was $1500.
    11
  8013. A nice 2 Bedroom Apartment in Tampa FL will become available in May . My Daughter has given up trying to purchase her 1st Home there . She's been trying for 3 years but prices and competition have made it impossible . So she opted forTennessee .
    11
  8014. I have a tip for meds. Always ask BEFORE picking your meds up what the cost is. Pharmacists cannot tell you thing because of a gag in place. Your med might only be $4 but if you tell them you have insurance they will charge you the $10 co-pay. This is just a money saving tip that applies to everything.
    11
  8015. Good content. You and Reventure Consulting are giving great insight.
    11
  8016. It’s been a long time since I walked through a mall 😊. I’m having flashbacks here, lol.
    11
  8017. The problem with renting is you may get a psycho landlord. People like these can make your life a living hell.
    11
  8018. I appreciate all you say about renting versus buying. I have bought and sold many houses over my lifetime, (Four houses in varies parts of California, 2 houses in Oregon, 2 houses in Hawaii, and now what I believe will be my last house in FL) some I broke even when I sold, one I sold at a loss, most I made some good money on, which I in turn put in a new house. I haven't rented since I was in college, mostly because it was never easy for me to find a good rental. That was always my experience, hard to find a rental in a nice neighborhood and in one place the rent increase forced me to move which sucked during finals. I moved home for a while, and then I got a dog, and then finding a rental was impossible. I have since always had pets so for me, a rental was an impossibility. Now, I notice more places are pet friendly, so you are probably right that if someone is not going to stay in the same house for 40 years then they should rent. My parents paid 60 grand for a house, stayed there forty years, sold it for a million. That was a great return.
    11
  8019. Yes! I just heard that besides Vegas, EVEN TAMPA is seeing some price drops!
    11
  8020. Thanks! I love your show. From Midwest but worked in financial services in Florida a long time. Florida is always on the cutting edge of what’s happening across country and world, bc it’s such international destination and where people flock to during excess boom times or crash during down times. Your current event stories keep me in touch🎉
    11
  8021. By april things will start crumbling
    11
  8022. I found it very relaxing listening to you talking even when everything is going the wrong direction in this country.
    11
  8023. So many important points made in this video about how we are living beyond our means, and how that will impact our lives. Thank you, Michael!
    11
  8024. Thank you Michael, thank you Gina!! This is an idea that's been brewing in my head for a while now, and this video is like a godsent!
    11
  8025. My friend listed his 10acre property w 1yr realtor contract (way too long.) Within 3wks she wanted him to lower his already reasonable price and offer to owner finance. He said NO. Point is, these realtors are making these price drops happen, which also tosses you into a 'looking desperate' situation that may not be true, and only adds to turning off buyers. Never sign a 1yr contract w a realtor.
    11
  8026. Ever wonder why they hire these very attractive women that look like models to sell high end multi million dollar properties? I can't figure out why? 😂
    11
  8027. And then we have the aging baby boomers who are looking to downsize... or, they just die. LOL. Seriously though, good content man! Look forward to your videos and seeing where the market goes over the next year.
    11
  8028. I saw on the paper today some Eddie Bauer stores are closing. They sell a bunch of Chinese junk anyway
    11
  8029. Hi Michael.. great video as always... have you checked out Vero Beach yet.. beautiful little island.. not the cheapest but definitely worth checking out.. as always thank you for your hard work and information.. enjoy this day that we have been blessed with🙏🇺🇸
    11
  8030. The real question is, should it be 28% of your pre or post tax income.
    11
  8031. Love this guy and he’s always in my neighborhood. Hope to someday stumble upon him! Thanks so very much!
    11
  8032. A suggestion for a possible video in the future: commercial real estate in your area. Are shops and restaurants closing as in many areas. Office space? Malls? I wonder if Miami is doing better than other areas.
    11
  8033. Dang $20 per month for a Nissan Leaf. They are desperate!
    11
  8034. Totally agree. We will be in a recession for years. I really feel bad for those who stretched to buy a house and will lose jobs and then lose their homes. Very said, but for the patient - it will be a good few years.
    11
  8035. I've been wanting a smaller home for many years, 800-1000 sq ft. Builders just aren't building houses that small and don't seem to understand that there has been and would be a huge demand for smaller homes.
    11
  8036. Safe travels Michael.
    11
  8037. At my work my coworkers take investing to another level..they max out their 401k contributions (26k) within the first 3 months of the year so their money is growing for the last 9 months . Never thought of it that way but it makes sense to me. They’re homes are paid off and the kids are all out of school with zero debt. This is the San Francisco bay area. My own situation is pretty secure financially. Rental properties owned outright and cash for a rainy day. Happy Friday Michael.
    11
  8038. I love living in Florida. We moved here in 2000.
    11
  8039. according to the valuation of trump real estate properties it will sell for $30,000😂🎉
    11
  8040. Remote Work was a temporary stopgap from the start of the pandemic. Work had to continue, so then work from home. Of course, most employers no longer want this. In the office you can monitor the work done much better. Furthermore, there is a very high risk of permanent Remote Work. There are plenty of English-speaking countries with much lower salaries than in the United States. You can easily move this work abroad. An employer can make significant savings with this. The idea that Remote Work would be an important permanent feature is naive. At least for the American economy. Much of the work that will be done remotely will be moved to a much cheaper country.
    11
  8041. We didn't have this high inflation and interest rates; neither of which are coming down anytime soon.
    11
  8042. I closed my shop today. Let my 2 employees go. …. It hurt. Not financially. But on a personal level. I was responsible for my employees income …. Small. Business is be killed…. A aircraft facility just closed…..
    11
  8043. McDonald's is primarily a real estate company, that's where they make the majority of their money
    11
  8044. I was very fortunate to find a turn key 2/2 condo in Boca Raton for less than 150K with HOA having full reserves, 5 miles from the beach.
    11
  8045. The Fed just said we wont get higher rates till 2023. Thanks for the video!
    11
  8046. Always enjoy listening to your video's Michael! I guess I am one of the few that is not going to work until I can't anymore. Life is too short and I want to enjoy retirement. I am not rich by any means but plan to enjoy the little pleasures in life.
    11
  8047. I appreciate you talking about Canada too. As someone who grew up in Toronto, the dream of home ownership is WAY different than my family in Florida. When all basic 1bdrm condos start at 300k minimum, you can imagine how much it costs to get a condo or house that doesn't look like complete garbage, or isn't a 4 hour drive to work. It's well overdue for a crash, and many of us are hoping that it's biblical.
    11
  8048. I am sitting on the sidelines..Q1 is coming up and that will mostly bring another wave of layoffs sadly I am part of that mix. With the uncertainties all around I feel more pain is coming. It’s literally survival mode. Great content!
    11
  8049. Thank you the first line of this video said it all. People don’t want the truth. it’s so true, people would rather bury their head in the sand and hopefully no one kicks them in the ass, hence why we’re having the issues we’re having real Americans are a few and far between
    11
  8050. Thank you for letting us know not to panic when we see home prices go up this summer, it being a "seasonality" thing. (new word for me) Love it!
    11
  8051. I have horrible neighbors renting the house next to me. Their landlord who owns 2 other houses is not taking care of the house at all, it's falling apart and the pool has been green for over a year now, with the mosquitos that go with it. After a year, I've had it and called the city. Sorry but if the owner doesn't start taking care of her property, I really hope she ends up selling it or that they foreclose on her. City violations can be a way to put pressure on disrespectul people.
    11
  8052. Not in Japan. I've never worried about living in a high-rise building in Tokyo. My current living building has withstood the 2011 big earthquake and a lot of other smaller earthquakes over the years. But if I had to choose to live in a high-rise building in Florida or in a house I will choose a house or a villa in a heartbeat.
    11
  8053. We self insured from 1998-2013. We were on water. I think our basic homeowner ins. would have been 4-5K. Then there was windstorm, maybe 7-8K. Finally flood ins. (interesting that even though we were on water, we were not in a flood zone (maybe $500)). I paid for the flood ins. During those years we had several hurricanes, but it was an unnamed storm which spawned a tornado which took off a corner of the (two story) roof. The cost of repair was less than a deductible would have been. (All these numbers are best as I can remember)
    11
  8054. In this day and age why would anyone trust a corporation of any size. The laws are so ridiculous protecting these companies how do you run a deficit of a billion dollars and continue to function or even be allowed to continue?
    11
  8055. John: Tom, did you find a house yet? Tom: I can't buy one can't get qualified. John: Why not? Tom: They turned me down. John: Why? Don't make enough? Tom: No, I make too much.
    11
  8056. Rhode Island is offering $17,500 down payment assistance for first time home buyers. To qualify you need to attend homeowner school. It’s only a couple hours. Not like people got anything better to do.
    11
  8057. Just for kicks, here are my rent prices at different times in different FL cities: 1990 Hollywood Beach 2/2 $750/mo (direct Intracoastal!) 1996 Hallandale 1/1 $600 1998 Gainesville 1/1 $500 2002 Tampa 2/2 $600 2005 Gainesville 2/2 $600 2006 WPB 2/2 $900 2010 WPB 2/2 $1400 (direct ocean front!)
    11
  8058. $6300 😳
    11
  8059. Anyone that buys a house now forgot 2007-2009. Anyone holding money in the markets now is delusional
    11
  8060. I bought my house 10 years ago for 125,000 it’s worth almost 450,000 but if I was to sell it where would I go? I’m not gonna start a 30 year mortgage again at the age of 68. It’s insane.
    11
  8061. Both states are awesome. I lived in sf Bay area for 30 years. I think it all boils down to cost of living now. How can average Joe afford 1.2 million for a small house in LA or SF area? Love your chanel. 👍
    11
  8062. Wow, So sad what's happening in the mobile home parks, thanks for putting it out there. That was a real eye opener
    11
  8063. Thank you for discussing the problems created by investors in the housing market. What is happening is absolutely criminal. The average consumer does not have access to capital in the same ways that the big investment firms do. This problem will continue to presist and become worse if the government does not step in and do something.
    11
  8064. Thanks Michael love the content. We bought our house in 2019 for 150,000 and it's now valued @ 500,000. I'm on the fence about selling because we can't replace the house with the acerage, shop, rv pad, barn and lake
    11
  8065. Wait until the new laws come along (they will) and some old buildings in the rest of the state get inspected maybe for the first time BY LAW. The value of these places is about to drop hard when some state mandated assessments come along.
    11
  8066. timing is very important, the 18 year real estate cycle must be heeded
    11
  8067. We need to rename “We Work” to “Now we don’t work” As you brought up the AI Girl, the address you walked by was 666.
    11
  8068. Great video man! I wonder if personal accountability is going to keep declining in this country. I say that because you brought up a good point about how it’s not always the best to own your property free and clear, it’s got me thinking. I was going to pay cash for a property but I fear that our country is just going to turn more and more socialist and I believe total mortgage forgiveness could be next. I understand that forgiving 16 trillion in debt would destroy the economy but I believe our beloved politicians are more than capable of total economic destruction just to appease the no accountability masses that our culture has become. Ps. I love your videos and I love seeing your sarcastic mannerisms, please incorporate them more. They seriously make me laugh out loud 😂
    11
  8069. You gonna be surprised but I’m watching you from Russia for a while...:) have been to Florida 3 times! Perfect place for me! Going to move there soon... Thx for info, very useful videos
    11
  8070. Had to buy in Central Florida to get sane expenditures. The coastal areas are effed for now.
    11
  8071. It’s the end of financial world as we once knew it. Many will bounce back and many will end up in poverty
    11
  8072. Don't you think Florida is cyclical? It get influxes of migrants, a lot move back, it's less desirable, then swings to being popular again. Part of Florida's appeal was it's affordability, now it's becoming very expensive to live here.
    11
  8073. The same can be said of our nations infrastructure in general , roads , bridges electric grid , etc. Defered maintainence can make the bottom line look good for only a little while .
    11
  8074. The bankruptcies are going to be EPIC, I know someone that's setting up for one now, living large on the credit cards. Sad times are coming for those that haven't prepared, there's going to be some AWESOME buys in about 12-18 months. I hope not but I think it's coming. I'm looking at what's happening, I'm not looking away and neither should anyone.
    11
  8075. Keeping me knowledgeable about the housing market, I appreciate it!
    11
  8076. It's funny the houses that you walk by that's what homes in the bad neighborhoods look like but yet these homes are a million dollars and up like they say location is everything
    11
  8077. Great walk & talk and 1000% agree on kiddies taking advantage of mommy and daddy. Ridiculous, I've been hustling since the age of 16 and was out of my parents house 6 months after graduating high school. My Brothers had it lucky and stayed home rent free till almost 30. They both own houses as a result. Not my story, I've worked my ass off and sacrificed for everything I have, never had the luxury of the easy path in life AND I WOULD NOT CHANGE THAT! I'm grateful for everything I've earned and have huge respect for those who have hustled for a better way in life!
    11
  8078. We are all sharing the cost of these new electric cars. Their repair costs are outrageous
    11
  8079. 😂 common sense isn’t common anymore
    11
  8080. I think the fed Talking about three rate cuts in 24 is the fact that there's a major problem brewing that we don't even know about yet. And inflation is not as low as they say it is right now I don't know where they get their numbers. I know it cost me a lot more to live now than it did in 2019
    11
  8081. Desperate but greedy at the same time. 🙄
    11
  8082. 10 billion every day over "budget" we know it without the IMF letting us know. "We" refuse to do anything. I always worked by the hour so I know how to budget. I think my first home loan was 14 percent (1975) this is about my third time around. Thanks for the show.
    11
  8083. Those on the east coast get to see the shuttle/rockets lift off!!!
    11
  8084. The flood zone thing is a money grab from insurance companies
    11
  8085. They built an affordable housing subdivision in my town of 8k. People here were totally against it as they have the NIMBY mentality. The rent is 1800/month. I dont see how that's even affordable but there's a waiting list because the demand was so much.
    11
  8086. Where is Desantis to fight this kind of fraudulent behaviour.
    11
  8087. This is the worst inflation that we've had in the history of our country..😊
    11
  8088. Love to see Lizzy back on the show.
    11
  8089. I cannot believe some of those property taxes
    11
  8090. Demand actually spiked this last month because people are rushing into the market to buy before rates go up more. The people who planned on buying in spring and summer are now looking and making offers. Most listings don't come on market until Spring and Summer. It is going to take several months if not a year to see the impact of rate hikes on prices. If the stock market and other asset prices come down there will be less cash buyers also. The change in the market trend is going to happen but be slow. Wages are not rising enough to continue these trends. Two years from now the market will be different. Formula is wages not rising, plus lower asset prices, plus higher interest rates equal a housing market correction. People wont have money to afford homes at the current prices much longer.
    11
  8091. Renting can be a great choice. For many people renting is a way of not having to deal with the hassels of ownership, such as lawn and yard maintenance among other tasks. A close friend of mine in the landscaping bussiness loves living in his high rise, walks on city maintained walking paths on a regular basis and never missing have to get out and shovel the snow or cut the grass, and yet designs gardens for a living for people who do have to do this or arrange to get it done. Meanwhile I live on an small old farm (about 20 acres) and I assure people the work never ends and jobs rarely get completed to my satisfaction but good enough, because I have already had enough! Some days I think renting without responsibilty might not be such a bad choice, but actually I am probably a bit addicted to country outdoor living and that requires lots of work or lots of money, lacking the latter, it's the former for me.
    11
  8092. In Florida it is a law. A seller must disclose all known facts that may materially affect the value of the property.
    11
  8093. oh good, people that can only muster up a 1% down payment are being trusted to pay the $3k + monthly mortgage. this definitely wont be a disaster!
    11
  8094. I would not buy a house with HOA fee
    11
  8095. Thanks for choosing very pleasant new communities to do your commentary walkabout. Adds a sharp contrast to the messages you convey about the real estate market and our economy in general. Always enjoy and learn from your presentations.
    11
  8096. Rates won’t come down, because the rates are still really low compare to the 80’s and 90’s people are waiting for the house prices to come down. They are so high it’s way over priced. Good neighborhoods will have high taxes, high cost of livings, and high cost of maintenance in additions to the mortgage. So, just hoping for a decent home for an affordable p
    11
  8097. It really did start changing in the 80's! In college I could work part time, pay my rent, food, gas, etc. No, I did not have any money left at the end of the month, but that was a job in the mall selling cloths. Today, that same job would not even pay rent. College tuition was about 100 times minimum wage. Today, the minimum wage is 7.25 and college tuition would be around $725 dollars, but tuition at the same college is $6600.
    11
  8098. I have lived in Houston, TX for 42 yrs and have lived thru many Hurricanes, Floods, R E. Depression and Oil Industry collapse in 1985. Had real estate investments all during all those years. It is a very encompassing life, for sure! You need to have knowledge and experience to survive and prosper.
    11
  8099. I agree 100% with everything you said. Its going to be BAD.
    11
  8100. Some people dodged major bullets if your house was closing in ft meyers Thursday....
    11
  8101. I can't imagine a 3K/mth house payment. After taxes are taken out of your check and inflation going up. I don't see how anybody can afford a home now. Great point on the EV's. The replacement cost on those batteries are going to be high. Enjoyed the scenery, but hate CA.
    11
  8102. 11:45 Yep. And if they snatch anything from land it'll be small stuff like pets & kids. Crocodiles aren't pervasive yet in The Keys, but as kid in the '60s & early '70s I wasn't afraid to swim in Florida lakes. Alligators became Federally protected in 1968 (67?) and look where we are today! The gator population came back with a vengeance.
    11
  8103. beautiful yards today… use your videos not just for RE content but ideas for my yard! 💥
    11
  8104. My brother lives in Brazil in fort alaiza and he loves it He's been down there for about 10 12 years and he does speak Portuguese which helps.
    11
  8105. So sellers are hiding known defects of a condo? Isn't it universal law that a buyer is entitled to a complete refund if they buy something from a seller that did not disclose a flaw in the item being sold?
    11
  8106. A nice lady who I knew 30 years ago once said - The Grass Isn't Greener on the Other Side. No place is perfect - Florida and California don't look like utopia any more. I grew up on the NW side of Chicago. I have lived in 5 places since. Turns out my Chicago house was the best place I ever lived.
    11
  8107. Crime in Baltimore and DC is tragic
    11
  8108. Its not just limited to condos. There are high-rise apartments, and mixed use commercial/office towers that house people as well.
    11
  8109. There are a lot of houses that were on the market here just north of Austin that did price cut after price cut last year and finally just came off the market before the holidays still not sold. They are still sitting empty and I’m sure they are waiting until the spring to go back on market hoping that the prices will increase. It won’t. All these houses will spike inventory. There are still a lot of homes I have been watching that started around 600-650k that are now under 500k and still not sold and on the market for over 180 days. I’m in Leander Texas. This seems like it will be crazy. I have no clue why some people are still buying. Also a lot of new builds up here and a lot are just about complete.
    11
  8110. It’s expensive but use postal money orders. It’s backed by the govt and you can go online and see if the pmt was cashed.
    11
  8111. people definitely do not need $9 pints of craft beer.
    11
  8112. Loving the cat cameos 🥰 And the data and insights are pretty great too 😁
    11
  8113. It would be fun for you just to keep us updated on this home sale for laughs.
    11
  8114. A lot of those condos have associations/boards that are responsible for the condition of the property. If all the current owners skipped maintenance for the convenience of lower fees, it’s on them just as if they were a single family home owner not caring for their property. The list should be public! As the full condition of a single family home would be. Sorry you were a Fl condo owner that enjoyed your property without the maintenance cost and now trying to sell top of the market….screw you
    11
  8115. I live in SW Florida. A friend of mine has a 2300 sq ft. 2 bedroom, 2 bath house. He had aninterior water leak. He just paid $13,000 for repiping and drywall repair. Painting is additional. WOW. Waive an inspection? No way.
    11
  8116. I had a couple that buy houses for cash..told him i was looking to sell as soon as i finish my renovations he was like a fly on crap...told him no i want it to go to a couple...michael do i as a seller have the right to know who is interested in buyong..appreciate ya
    11
  8117. Interesting that you brought up the issues with short term rentals and partying. There was recently a bust of a prostitution ring in Plano, TX, one of the boomtown suburbs of North Dallas. The rental house that was raided was being used as a brothel. There’s been a push for the past few years in DFW to ban short term rentals for reasons like this.
    11
  8118. Hi from Long Island. We loved Carpaccio when we had lunch the last time we visited. Great for people watching too.
    11
  8119. Save at 25 and maybe if you are lucky with these prices you may be ready by 45-50 years old.
    11
  8120. Can you imagine trying to escape from Florida with an electric car, not a good thing
    11
  8121. You said it, it is greed. 2 things that run the housing market is greed and fear.
    11
  8122. Michael, this is a very nice & heartfelt video. You are a good Son! You're Dad is very proud of you and loves you dearly. I am only two years younger than your Dad, and I don't have children. If I did though, I would be very pleased if they turned out like you. Your Dad really touched my heart with his love for you, and your relationship with him. Doing a video like this really shows who you are. I loved it... very much.
    11
  8123. Michael, Thx for acknowledging my post. I also very much appreciate you pointing out the greed and selfish aspect of my post. Super important. I live in NJ and only buy and sell 1st time home buyer like homes in B-C+ grade areas and No McMansions. This philosophy has served me well (40+ yrs well before HGTV). I also am a contractor. Do plenty of work for homeowners directly and also have worked for large private equity firms/Hedge funds that have bought-sold rented over a 1000 homes per year in 4 of last 6 years…
    11
  8124. I just love my daily dose of doom and gloom....
    11
  8125. As a potential cash buyer a rate buy down does nothing for me. If I start seeing prices get more realistic how do I negotiate? I don't need or want a mortgage.
    11
  8126. Even products shipped and sold by Amazon are not immune to bad apples working in the warehouse. I've had several negative ordering experiences in the last few years, and almost without fail, the burden of proof is laid on the customer. Also, since the Covid-19 pandemic, ordering anything from a 3rd party seller is Russian Roulette.
    11
  8127. I'm so glad I left and walked away from college 14 yrs ago
    11
  8128. Thank you so much for your insight and your videos. I appreciate you taking the time to share this knowledge with us, and it's great seeing how beautiful Florida is. Out here in Salt Lake City, things are shifting. There are a lot more price cuts and houses sitting than there used to be for sure. The days of a house being listed on Friday and selling well over asking on Sunday are over it seems. Interesting to see as I'm preparing to buy when things start correcting.
    11
  8129. Low interest rates are a complete scam on the middle class. As rates decline so does the middle class. Cheap money consolidates wealth by enriching those nearest the money printer and devalues real labor. Mortgage rates should have never been sub 8%.
    11
  8130. Wait… I AM CONFUSED!!! Why am I still paying taxes if SS running out? WHERE IS THE MONEY???
    11
  8131. Very heavy gulf side list. One thing to keep in mind is the gulf typically gets hammered by hurricanes more than the Atlantic and red tide is much worse. I also find the gulf side to be overall much warmer as the Atlantic gets better breezes. There is no question gulf side sunsets can't be beat. For people with kids, St. Augustine, Stuart and Sarasota all have fairly affordable housing near the coast with highly rated school systems. Personally, I am considering a move to Stuart or Satellite Beach next year.
    11
  8132. Thank you for this honest update, Michael. I have lived and owned many homes in the state of Florida, but never in a high-rise condo. I have a terrible fear of heights, so this disaster is a nightmare! I totally relate to your feelings about this! Take care and stay safe!💕
    11
  8133. Hello, I just watched your video about how your life is better living in Florida. Your gratitude towards your viewers is very cool. I really appreciate that. I wish you continued success and happiness and I will keep watching. Take care
    11
  8134. Does not look like the typical Florida landscape that comes to mind, water, sand, palm trees 🌴
    11
  8135. To be honest, Michael, I would not buy anything with an HOA. It started out condos and then it became neighborhoods...Why bother to have a home?
    11
  8136. The market has been stubborn but of course rates can't go from 2.75% to 7% and that not pressure home prices. That's the entire point.
    11
  8137. I left California for Texas. Even with inflation the same products/brands are still cheaper in Texas than what I was paying pre-inflation in California. Still waiting for the housing prices to come down to buy.
    11
  8138. Thanks DeSantis! Yup you didn’t mention what I think is the #1 reason: we are open and free here unlike those blue states the people are coming from. They are coming for the freedom from masks and restrictions. Who wants to be in perpetual lockdown? I just hope these New Yorkers and Californians don’t ruin our state by voting the wrong way.
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  8139. Luckily, the house we bought in 2016 the price was reduced by requesting the PMI be removed, by $55. Something for people to think about. I would take your weather over ours!😄 Happy Thanksgiving!!!🧡🦃🏡🇺🇲
    11
  8140. TWO SUPERHEROES: Superman has his cape. Mike has his sunglasses.
    11
  8141. I’m a homeowner and I would hate to see the value of my house go down but it’s a darn shame that most of the younger generation has no hope of buying a home at these prices,
    11
  8142. I've been watching every video you post for last 6 months. You're definitely the contrarian! Thank you for being the voice of reason!
    11
  8143. The rental situation in Hawai'i is awful as well. There are about 50-100 people reaching out to one home. And most people can not afford the rent either.
    11
  8144. both are beautiful states from your video it was clear that the only difference is who is in charge of those states- remove the leadership and california will be great again
    11
  8145. Here in RI my house is worth about $350,000 and my homeowners insurance is $900.00 per year. Nine hundred. But we have no floods or tornados and almost no hurricanes. And good weather 8 months out of the year. And right on the ocean. And little oppressive heat. And no bugs or alligators or snakes. My property taxes with all exemptions is 1,900.00 per year with a double lot and two car garage. But we are one of the most corrupt states.
    11
  8146. I just got my insurance bill. I have USAA and live in Northern Illinois. For two houses and three cars, those bastards have the nerve to charnge me $450 a month. Insurance is a rip-off.
    11
  8147. I’m glad you mentioned the FOMO. I commented on one of your previous videos about being worried about never being able to afford a house, and now I do feel better
    11
  8148. I never got an allowance from my parents. If I wanted cash I had to go out and fix mowers or clean up trash. I got paid 10 dollars a week to cut the grass at my parent's home. When I had my own home the first thing I did was never put in a lawn.
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  8149. In my opinion, California wins! Thank you sir!
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  8150. las Vegas and Florida always seem to start the crisis
    11
  8151. I appreciate your honesty. I'm old enough to remember 2008 housing crisis. I was doing my do diligence cause I was looking to buy here in LA aea so I seen things where not making sense. But if you would've asked a real estate agent, his/her response was "buy now! You're gonna miss out. The rest is history. I bought a home in 2011 for $320k that is worth $800k now. Becarful out there people.
    11
  8152. "No more brand name soap.."....oh the humanity! I've been using regular dishwashing liquid for all my workshop and personal hygiene needs for decades. There's a safe, cheap, effective, versatile money saving tip for you all. One penny at a time folks.
    11
  8153. I have been waiting since 202 for the crash to finally happen. Hope this is the year
    11
  8154. Ive been here 20 years...my exhusband is a plumber...NO MONEY goes into those half million dollar homes, WHY! because any land developer knows that the ground IS SINKING!!!!!
    11
  8155. Here in Vegas, the liars and the greed ! Of realestate agents. Loan officers 😏🤥.Love your show ❤
    11
  8156. Thanks Mike. I love that someone from Miami or South Florida is taking about the local market down here
    11
  8157. Florida loves their HOA fees, and those fees are for life.
    11
  8158. Unless you either... A. have a 2% or 3% mortgage B. inherit a home C. have a paid off home You're most likely priced out of the market for at least five or six years.
    11
  8159. None of those calculations even include the cost of automobiles which have gone up to insane prices also.
    11
  8160. The cold weather does help keep down the number of insects.
    11
  8161. Once again, Michael, it may not be a crash because the housing market is broken and in unprecedented territory.
    11
  8162. Create an app asking why people are selling.
    11
  8163. pLEASE DONT PROMOTE ANOTHER FTX
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  8164. My auto policy renews in two days with a 20% increase. My homeowners renewed last month and was set to increase 20% but I increased my deductible to $2500 and it ended up being slightly lower than last year's policy. My health insurance was set to increase 20%, but they sent me a letter last week with a new rate which was lower than 2022. I'll take it.
    11
  8165. Just bought a house in Fort Walton! Amazing small town, hour from both PCola and Panama City. Affordability is achievable here. Thanks for mentioning our little hidden gem. Destin is rather overhyped in my humble opinion.
    11
  8166. You’re doing great, don’t let the negative energy rain on your parade
    11
  8167. Oh no! That means florida and texas are gonna be expensive like california before long! California's expensive cause everyone wants to live there! So if the population goes up in texas and florida..so does the cost of living sadly. I got back from florida and everywhere in Orlando was crowded!
    11
  8168. We travel way less, covid made it not fun, who wants to take a vaca wearing a mask and dealing with all that nonesense and paying top dollar....i like getting a fair deal, i could book a trip a few years ago for 500 now its double or more, just not worth it. Just like i would go to fast food if it was 10 then all the sudden 30...no thanks...just not worth it. When enough people do this, theb massive layoffs will follow
    11
  8169. Big increases in lot rent for trailer parks is one of the most obvious examples of corporate greed. And yesterday I read all the comments in Michael’s video. Great comments. I got a view of what’s happening across the country.
    11
  8170. Michael! Listen, I have THREE real estate agents in my family, two of those my son's mom and grandma, they tell me the market has essentially collapsed!!! Buyers Do NOT qualify!!!
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  8171. I appreciate your calm and kind demeanor.
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  8172. Absolutely do not trust the condo’s property management. We did fire one management company but the next one was staffed with its own d-bags ripping us off left and right. I am so relieved to have sold the place in 2019. My previous neighbor that lives there got another assessment on top of ever growing HOA’s. It was such a money pit. But hey, the downtown access to Fort Worth was cool.
    11
  8173. Excellent point about the hypocrisy surrounding the 'carbon-friendly' attributes of electric vehicles vs. the reality of how the electric is generated. Also, a solution to water shortages on the West Coast is desalination plants (the Saudis and other fresh water-staved countries successfully utilize them) but environmentalists and other activist lunatic opponents remain consistent roadblocks to progress.
    11
  8174. Michael, you tell the true realty about realty! if you sell your present house you still have to move into another one and your profit will go by by
    11
  8175. Great video Michael. I agree with you. Prices will cool off but they're going to skyrocket as the rebuilding makes progress. Fort Myers is one of the fastest growing towns in the country and they're probably going to use this as a chance to make the island a showpiece.
    11
  8176. Loving the cold weather in Central Florida. So good to wear a sweater and socks. Doesn't take much to make this Floridian happy. 🌴😁🌴
    11
  8177. I am SO glad we used our Covid stimulus checks to pay off the majority of our debt! I might not be able to buy a house but at least I can save what I used to spend on car and credit card payments.
    11
  8178. Bonita Beach here, lost my vacation/Beach home 100% gone insurance won’t cover “storm surge “ if you think because you are above ground level makes you immune to a hurricane please take a look at the condos along the coastline all the mechanicals are gone as well as foundations have been compromised, pools are ruined , electrical rooms gone , elevators etc, people think the buildings made it, time will tell
    11
  8179. The entire US Economy is debt based. If, you are deep in debt, you're toast.
    11
  8180. I am shocked that Virginia is #1. Much of the residents of VA live around DC and that area usually does well even in bad economic times.
    11
  8181. There’s a bubble in Florida right now. Anyone that doesn’t know that is simply not informed. There will be a crash. If you plan to stay for a long period of time time, go ahead and buy. Many down there have very inflated prices and are still recovering their loses form the last crash. A cautious investor or buyer would wait and see what happens but it’s not rocket science. Real estate will take a hit.
    11
  8182. OMG, NEVER call your insurance company to discuss a POSSIBLE claim! You talk a lot about a bunch of stuff that is "information". Make this one of your consistent topics. Always call a professional about repairs like a water leak or a possible replacement roof, etc... then decide if you want to file a claim. This is very well know by many older homeowners (Gen X here).
    11
  8183. I like it! I can't afford living near the beach in California but I can in Florida. Plus I can be in the water way more often, great point.
    11
  8184. Living in a paradise.
    11
  8185. Torrance was a major industrial area. Most Japanese companies supplying Honda and Toyota are HQ and have factories there. My uncle worked at the chemical plant there in the 80s.
    11
  8186. My first house was bought in 1990 for 65.000 and had a fixed mortgage rate of 30 years at 9.2%. I refinanced in 2002 fixed at 5.2%. In 2020 the house sold for 400.000 and they got a fixed mortgage rate of 30 years at 3%. Now you do the math, do you wanne buy low at a high rate, or high at a low rate?
    11
  8187. “We don’t deal with the tourists” As he is literally talking to one in his driveway lol 🐊 ☀️ 😎
    11
  8188. In Texas, they reassess the value every year. so, even if you own and have owned the home, the taxes can go up every year.
    11
  8189. I've lived in Florida 13 months now and im moving to Wyoming. One reason you didn't mention in the video are the rude/crazy people. I couldn't believe how many of those type of people i encountered here. Maybe its the heat that warps people's brains, but i became sick of being disrespected by people who thought they were superior to me in some way or another.
    11
  8190. I agree, i’m completely content with being alone. Some of my friends think i’m anti social ( Which I probably am, a bit ) for not wanting to hang with them all the time .. or for not being as social as they might be when there’s a discussion going on. Personally I don’t mind sittin there and listening in and add a few words every now and then. I never really understood why I need to change to how they are. I don’t really feel like myself when i’m talking 2 much or meeting up with friends as often. Wish people would just accept that everyone’s different. Doesn’t mean there’s a problem with me, this is just who I am. Maybe it’ll change with time, but still .. I don’t see the point in trying to change people. I think everyone should just be themself and as soon as you realise someone’s trynna force into not being your authentic self. Then maybe just swap friends. Cause I got a small circle of friends today that understand me and most deffo do no try and change me. So i’m so thankful for that.
    11
  8191. Eye-opening, but to be expected with climate conditions in Florida. Thanks for the informative and revealing video, Michael. You are doing "boots on the ground" reporting.
    11
  8192. Moved to Boca Raton 12 years ago for college, loved it so much I never ended up leaving.
    11
  8193. I blame ridiculously low interest rates for an extended period of time as the root cause of this problem.
    11
  8194. Thank you, Michael, that was interesting.😊
    11
  8195. Did these people think remote work was forever? To think it would be would be so stupid.
    11
  8196. I purchased my first home in 1985 The house was 50k closed at 11%. My monthly payment was $489 . Banks didn't use credit scores at that time. You needed 20% down and a stable job.
    11
  8197. Florida, October 15th to May 15th 😉
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  8198. Our economy collapses if it doesn't expand exponentially. Yet companies are furiously battling wage inflation and trying to mechanize their workforce with robots, AI, etc. How does the economy grow if there are less people working and making even less money relative to inflation? Was just helping a friend look for employment in LA. Most jobs were under $20 an hour unless experience was involved.
    11
  8199. I left. Settling in Italy or Spain this year! - Ready for la dolce vita......Valencia is high on the list. Half the cost of Miami while better quality of life and better health care! Way less crime! (According to Numbeo)- Still earning $$$ while living abroad.
    11
  8200. One of the biggest causes of inflation is our government printing money out of thin air which dilutes the money already in existence. The more inflation (printing) the less the money in your pocket is worth, which increases prices paid for goods and services. The purpose of these videos is to make more Americans aware of a potential financial crash and act accordingly.
    11
  8201. Hey Michael, I'm. real estate professional / property manager in Flagler & Volushia living in Palm Coast. If you still in the area lets catch up and grab a coffee. Thank you for everything you do! Great content!!
    11
  8202. Mike, people with these thousand dollar auto loan payments are high on crack!!!🙄
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  8203. I've got a friend that's renting a room for $1,400 in Santa Barbara, CA and it's not the master bedroom. That's about the least expensive place he could find. There is really nothing that he can do besides live out of his truck to save money or find someone that is willing to let him park a cheep travel trailer in their driveway that he could rent space for. CA is way over priced right now.
    11
  8204. Another big difference is taxes.
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  8205. We are failing our children by not teaching them in school about budgeting. There should be classes as early as elementary school. The kids are smart and will learn this young to prevent future financial problems. My parents taught me, but many parents now are not teaching their kids because they are poor money managers themselves.
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  8206. Michael, many of us would appreciate it if you can upload to rumble also. Lots of people including me do not want to support this platform because of the 🤐 that happens. Plus the ads are just straight up annoying.
    11
  8207. What's terrible about these buyout situations is you basically don't want to be the unit they get just after they reach their percentage needed to take over. While you don't want to sell out your neighbor be careful not to be the last guy standing so to speak.
    11
  8208. can you do a video on buying land in florida
    11
  8209. The "save the World" people conveniently overlook the fact that EVs are charged from an electric grid mostly powered by coal and oil generators. And, there are many issues around the mining required to produce the EV batteries and their disposal.
    11
  8210. I have done my homework. I am moving to central Florida, anywhere near water is high gas he’ll. Secondly a modest neighborhood is best. I have looked a numerous 55 and sites outside the Villages of Florida, those home are very reasonable.. I will agree with you on HOA and grounds fees depending on which one you pick. Now you seem to cater to folks who made 200k a year.
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  8211. In other words a official recession at 2024
    11
  8212. 1. No one really wants to leave, just complain. It's become the American way. 2. I agree that interest rates should have been raised a while ago, but if happened someone else would complain on YouTube.
    11
  8213. Not a good time to buy a home now but the only way to get prices to come back down to earth is to prevent foreigners from buying U.S. property.
    11
  8214. Can confirm about the single tax filer owing money for the first time. That's me this year. 33 years old, single. Made $48,000 last year. I owe the feds $180 and my state $65. Could have been worse but still not what I wanted to hear when I filed.
    11
  8215. FRIDAY GREETINGS MICHAEL 🌴🌄🌴
    11
  8216. Nice hike. ❤ When are you going back to FL?
    11
  8217. Real estate is SUCH a local phenomenon that it can locally defy all but the most major trends, and even then, only when they settle in over time. Overall, prices are coming down, but inventories are subject to local nuances. I see a LOT of builders with semi-completed homes asking absurd prices for them.
    11
  8218. Great kids are a product of great parenting. Tks for leaving them in today’s clip.
    11
  8219. I say we get a crew together so that Michael can walk through an affordable neighborhood we got your back yo
    11
  8220. I find I have to listen to your videos twice, because they are packed with so much information. Thanks for your insight.
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  8221. @Andrea, you may be the only person on the planet who thinks Mexico or Cuba has less problems than Florida. Way to go!
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  8222. Blackrock will be the buyer!
    11
  8223. Just purchased a home about a month ago with enough seller concessions to cover closing costs and buy down the rate to 5%. Inspection came back clean and appraised for 30k above purchase price, all without getting into a bidding war. It'll be interesting to see what the market does in 6-12 months
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  8224. Let it keep going up. This is why I had to move out of the US. I can't afford all of these increases. Good luck to all of you for staying in the US. It's all a huge scam. I can't believe this video has been out for only an hour and already has 219 comments right now. My comment will be buried in the next few minutes the way it is going.
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  8225. Wow! The prices on those homes were INSANE!!
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  8226. Love it when you show "Real Life" examples (well... "Miami Life" not very real) of what the houses were bought for and the current ask price. AND reductions in price over time.... Very Revealing! Keep adding those examples in your Walks. Thanks
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  8227. a home listed in gualala ca and sold for 1.1M was listed ten months later for 2.150M! was so close to buying in cash end of 2020, after decade of saving (I'm retired), then everything doubled..I feel so badly for all the working class who are unable to keep up with overinflated rents, healthcare, housing..it's unfair and due to rampant greed in a feudal system where all revenue trickles upward, homelessness crisis of WORKING people, animals, etc just inhumane in a supposedly 'civilized' society hoping a 30% correction next year or so
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  8228. Hi Michael On the dock of the Bay How nice 👍
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  8229. Low income mobile home park there in Marin county California for seniors on low fixed incomes. $150,000 cash to buy the trailer and $1500 a month for the lot rent. In order to get accepted by the park they require 3 times the lot rent in income. So this park requires at least $4,500 a month income. About 60K a month income which I guess is poverty level now in California.
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  8230. can you talk about listings that are labeled as "pre-inspected"? Does this mean they won't allow a buyer to have the home inspected?
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  8231. I am in Moab Ut, my double wide is a 1965 with a full basement and exterior 20x40 shop. My value was $80K in 2009 when I bought it. It can not be financed due to it being older that 1974. This year my tax value went to $225K due to comps from to cash buyers. My realtor, the tax accessor and I went over the comps and if I contested it which is what I usually do every time they try and raise my taxes I am pretty I would of lost due to this price is about $75K below the comps. My taxes doubled. OUCH
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  8232. Your message is right on. It’s up to us to listen to what your saying. Your one of the first on you tube to speak so clearly about financial matters. Hope you do more on this topic as you travel on
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  8233. Are these loans actually making a huge difference on the monthly payment?? NO❗️ I Respect you Michael so Much for making this information with Truth! I’m so glad that I bought my houses when things were affordable. I really feel bad for the people who are trying to buy a house 😢. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  8234. Mike, factor in why people don’t want “low-income” housing in area…. Crime crime crime. Also, zoning is set up for a reason… one BIG factor is crime prevention and lowered taxes. I cannot believe you want to put a $1.7 mill. lien on property owner because the State/City allowed the “low-income” renters NOT pay up. Shame.
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  8235. Everyone would benefit from listening to this video whether they are young or old, rich or poor. Thank you for sharing all your thoughts and wisdom!
    11
  8236. Videos like this showcasing the Atlantic ocean, warm weather, tropical makes us living in the Midwest (Chicago) to get up and relocate and just take chances because after all, life is short!
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  8237. I've seen a similar thing in the Tempe AZ area. There are three homes that are currently being rented out but also on the market at ridiculous prices. All three homes have been on the market for over 1000 days. Obviously there is no rush to sell.
    11
  8238. Most layoffs happen Q4. I just got laid off a second year in a row. And...the job market still feels like throwing darts at the wall. Also, in a gig economy, there's no employment filed for those layoffs btw. Don't buy the hype. There's a 100 people jumping at every LinkedIn lead within hours.
    11
  8239. Our free trade agreements and unlimited immigration is largely the cause of this.
    11
  8240. Wage growth? LOL! I don't know a single person who has received a raise in the past few years. Good to hear rent will come down!
    11
  8241. Rents are worse than home prices.
    11
  8242. Depending on the area, housing is 25% to 75% overvalued, no thanks.
    11
  8243. My area ( north central Texas ) is flooded with new construction. Houses have been sitting on the market for months. However, I think they are still way overpriced. Still, the builders are building more. I guess these plans were already under way when crashing began. I have no idea what they will do with them. This area has definitely slowed down regarding purchasing.
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  8244. Great insights, became a fan recently. I would be much interested to understand how you feel the rental prices will evolve in this new environment. Do you think those can go up because of less demand to buy, increasing the demand to rent instead? Thank you for your content!
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  8245. As someone already mentioned all computer remote positions can be offshored to country's where workers earn 1/3 of what US workers earn . I would think that would frighten many of these types of workers back to the office.
    11
  8246. It is risky not to have homeowners insurance whether it is paid off or not. My parents drilled it into us to always have life insurance and homeowners insurance. Freak accidents occur all the time.
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  8247. My first home was a townhome even though it has an HOA they take care of everything outside, I thought it was a great deal. call my main address is much nicer single-family home with land, a private pool; But I look back and miss the days of living in a townhouse so cost-effective
    11
  8248. Can you talk about Tiny Homes and how they are growing in popularity as an option for home ownership?
    11
  8249. From one going thru it: If you have established yourself in CA with a cheaper, or close to paid off house & no W-2 income, FL may not pencil as well bc of higher property taxes (and even a cheaper new house in FL may have higher tax basis than your cheap when purchased CA house). Property insurance is much higher in FL. We were surprised. It's not cheaper for us but quality of life suits us in FL. Income property in CA has been more lucrative in the past; not sure where it's headed.
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  8250. Well Michael as you well know buyers can only back out of a purchase contract within the inspection period which is normally 5 or 7 days and they’ve already paid for a home inspection. Once this time frame has elapsed if the buyer finds out their insurance will be astronomical high it is already too late. The only other way is the mortgage contingency which is within the first 30 days. Buyers must obtain a mortgage commitment within the first 21 days of both parties signing the purchase agreement. As a real estate agent in the state of Florida you already are aware of this. Another great video Michael
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  8251. Michael! I'm in Miami for a few days, this place is completely insane... for the rich, it's like good times are here forever! Huge disconnect from the average person's reality... Unbelievable amount of buildings been built!!! Girl I visited is a RE agent, says condos in Brickell going like crazy been bought by foreigners! Lots of dirty money!
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  8252. “Fake Equity” true statement!
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  8253. Congratulations on 5 years, keep it up!!! Thanks for the update! I owned a zero lot line at PGA National from '87 to '99. You drive 6 miles East on PGA Blvd and you come to Singer Island. I remember changing my locks every 6 months or so because of the rot from all the salt air, and that was 6 miles from the beach. I can't imagine the repairs needed in those high rise condo units. It's going to wipe people out left and right.
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  8254. I asked about this topic a few months ago so Im glad your talking about it
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  8255. We will vote Trump in and he will get rid of all this CRAP!!
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  8256. Great topics, Michael.
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  8257. Red Lobster bankrupt and many more coming soon
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  8258. the amount of under 70,000 houses on the market right now all across the south: north and south carolina , georgia, Virginia is huge and there seems to be more on the market every day.
    11
  8259. So much good info for "new buyers" today. Keep up the great work. 👍
    11
  8260. Still lots of realtor FOMO hype in Charlotte, NC. Thanks for your update
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  8261. Always look forward to your videos everyday man. Nice to meet your wife as well. You two rock!
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  8262. I remember from the 2008 recession this guy was the only occupant in a high rise condo. In florida I think. Made the news.
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  8263. Things are so messed up. Miami, I don't get it. I went on a cruise out of Miami in June and couldn't believe what I had to go through just to FIGURE out how to get to the port. The roads are a mess, no parking, ect. The homes in Miami are very old. Now here in Lakewood ranch, very modern and clean, but way overpriced. I looked at homes and condos sold in the last few weeks in Manatee county this morning. Holy crap, huge discounts. It's happening.
    11
  8264. Your right we aren't ready. This is what happens when government gets involved with free market. I'm a car hauler, and let me tell you my load average of what I can put on my truck is drastically reduced due to the sheer weight of these pos electric cars. Where I could put 8 or 9 sedans on my truck with gas powered vehicles has been reduced to 6 maybe 7. And the manufacturers haven't yet figured out how to pay for this. Either that or the most likely thing is they are trying to see how long they can get away with it. The latter is most probable. When this becomes a reality the public needs to understand the manufacturers will not brunt the extra cost of transportation of these cars it's the consumer that will. Right now just to transport a electric hummer for a 25 mile trip is costing $300. The cost is crazy because of the amount of these shit cars I can put on a truck. The government is to blame, this isn't how free market works.
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  8265. In a way, the only thing thats gonna save buyers, who just want a home to live in, will be Florida landlords getting pushed out of the market in this state. I used to be against rent control, BUUUUT, what else is gonna stop investors from taking over the housing market and/or gouging the people that just need a roof over their family's head? I guess we better get comfy on air mattresses, huh? Or living in our vehicles, or in the woods? The important thing is the investor's equity, right Michael?
    11
  8266. Commercial real estate values are projected to drop 40%. 60 minutes just did an excellent story on this. Right now they are playing kick the can. Long term, the impact is going to be massive.
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  8267. Well, here's hoping in not too long you'll be doing videos again about where I can buy within walking distance to the beach for under $300K. And oh, my! you are so right about caution in looking at the Zillow and even Redfin "monthly payment" estimates. They seem to take the current homeowner's property tax rate for their estimate, rather than the new one you'll actually pay based upon the estimated sales price with whatever tax laws are in place in each location. That is just stupid, it would be possible to give a much more accurate estimate if they did it right. The fact they don't accurately estimate insurance costs, including whatever local hazards apply, flood, earthquake, whatever, is probably even worst. Redfin seems to be a reputable company, I'm disapointed that they don't do better with these monthly estimates.
    11
  8268. It saddens me what has happened to California Michael, CA was my Home state where I was born and raised in the heart of, near Yosemite, then went to Texas when I was in the Air Force at 19 in 2017. Now live in Arkansas, CA is still beautiful and worth Visiting, However, it is just not the Golden state and California Dream it once was decades ago.
    11
  8269. crazy to think there's people out there that can pay 12K/mo to rent something. wow
    11
  8270. Housing is unaffordable, cars are unaffordable (new & used), food is unaffordable… as you said, something has to give. It’s just a matter of time now.
    11
  8271. I would love to know what you think about how Black Stone, Wall Street Investors and other investment firms have priced ordinary American's out of the housing market.
    11
  8272. No love for St. Pete? I have always enjoyed visiting and am considering moving there within next few years.
    11
  8273. I thought the same after watching GMA, they were acting like everything is back to normal and said great for homebuyers! Mmm, but prices are still skyhigh!
    11
  8274. Maybe we can get our money back from Ukraine and help these people in Florida, my heart goes out to all the folks facing a tough time.
    11
  8275. Thank you, this was a good video. I also read Rich Dad and the sequel book. We are forced in life to take risk in order to try to keep pace with inflation, but most of those that teach us in school live a life of guarantees (pension, benefits, etc...). I always thought that if educators were forced to take risk and invest for their futures, they would have the understanding to teach that to their students.
    10
  8276. Everybody not moving here some people are coming from the North to get out of the cold but it's a lot of people that come to this state and they struggle because the jobs are not paying what they made in their home state now if you are a construction worker or a doctor or a lawyer or a state job yea you could do ok here in florida but the cost of living is over bearing in a lot of places so if you come from a good stand point in your life and you had family support it could make things a lot easier but Florida has become more than just a retirement state it's a state that's in need of major factories to keep up with its growing economy!!!
    10
  8277. Thank you for giving to us straight Michael. We all needed.
    10
  8278. In FOMO Texas, houses in many cities already have price drops down to less than $120 per square foot...In fact, some houses already have a price drop to less than $110 per square
    10
  8279. Wish I would have known anything about Roth IRAs before my 30s, thank God my parents taught me my credit was everything and I always needed to maintain good credit and save for retirement. But, knowing about a Roth would've been nice as well. Better late than never!
    10
  8280. This is the only financial report that I watch, period! Smart information and what an attractive couple!
    10
  8281. I am seeing more senior citizens working at Lowes and Home Depot.
    10
  8282. The only thing that was “good” about the original depression was everyone struggled. If this is a depression then it’s just one sided. The haves and the have nots, just like it’s always been.
    10
  8283. Agreed. I am watching a few small cities and inventory is increasing at about 4 or 5 homes per day. Price reductions of 10K on a 300K house are starting to happen, while price reductions on a million dollar beach condo may drop to 900K. Its still a hot market, just cooled a little.
    10
  8284. Here is what I did in 2012. I started buying gold for $700-850 an ounce in 2006 when things started going bad. I watched two housing markets religiously to try and figure out the bottom of those markets. At the end of 2011-2012 I sold my gold for around $1600 an ounce. I doubled my money. I realized markets had probably bottomed or at least this one did. So I paid $145k cash for a 7 year old house on a golf course that sold new for $400k. I couldn’t not buy it. I rented it for $1800 a month until 2022 and just moved in payment free while renting my Orange County Ca property for even more income. Did I know what I was doing? Nope, I just payed attention.
    10
  8285. I'll copy what Luke Gromen said, will buy an EV when the US government changes military vehicles to EV.
    10
  8286. Love FWB. My second home. Love them marinas.
    10
  8287. Great video Michael. But my head almost popped like a zit. Listening to your description about Roam. Im in Montana and personally know someone that has to move because of their remote job is calling them back to the office. I personally hope it accelerates this coming year. My hometown has been inundated by people the last few years moving in here skyrocketing the cost of living and property taxes. In my hometown the average cost of a home is $800k now.
    10
  8288. I think the Fed doesn’t push rates to where they actually need to be because the US govt would default on their loans. Yet, government just keeps on spending money it doesn’t have. Infuriating.
    10
  8289. Thanks!
    10
  8290. To lower prices for food, lower energy prices, especially diesel. There's no conspiracy to keep food prices higher because stores will lower prices to get bigger crowds... competition works.
    10
  8291. interest rates were under 4% in 2018 and around 4% in 2019 and the median home price barely increased 5% year over year and median home price was 300k at that rate. So how will 5% or 6% increase or even sustain current home prices? 2021 and 2022 was because of liquidity from stimulus not so much rates.
    10
  8292. Hey! 🙋‍♀️ The flying cockroaches are called Palmetto bugs which are not as popular here in North Florida but of course we still have the roaches unfortunately… they just don’t fly Lol…Love the pics of you guys holding the baby alligators! My dad had an airboat when I was growing up so we spent a lot of time in Everglades and have seen hundreds of gators in my time. I was also bit by a rattlesnake when I was only 7 yo and nearly had to amputate my leg. A couple of weeks ago we went to a state park here in North Florida and I walked right up on a gator, didn’t even see it until its tail moved right at my feet and scared the crap out of me! 😳 my aunt and uncle who live in Coral Springs said that iguanas and parrots are very popular there now which were not when I lived in S’ Florida, you would only see stuff like that in the Keys! Interesting how things change…
    10
  8293. You should explain hos some agents are really just listing agents. Doing parties and getting referrals, and listing lots of houses that you let others sell just for your co-op commission.
    10
  8294. As someone who LOVED LOVED LOVED living in Hollywood, CA and has been doing nothing but dreaming about the day I could move back there after my son graduates from high school in Upper Michigan? I'm moving to Tampa, Florida instead. DeSantis is a huge reason; the state is open, he just passed the Anti-Riot laws which makes me feel safer, my CPL (conceal & carry permit) is valid there, there's not a massive homeless problem, the economy is better and! The beaches in Florida are better; no 'June Gloom' to deal with. I can not WAIT to get down there in September!
    10
  8295. I have no sympathy for any buyer that waived an inspection.
    10
  8296. I bought a house for just over 100k seven years ago just inland from the beach. Home builders have built nothing under 400k in my area so my resale is well over 3X what I paid.
    10
  8297. I live in an upper middle class Southern California city called Rancho Cucamonga. This is inland, about an hour from the beach. I'd say the average home price is around 900K with plenty of million dollar homes sprinkled around. That $900K gets you between 1700 and 2500 sq/ft on a quarter to a third of an acre or about 11,000sq/ft to 15,500 sq/ft lots. A 1 bedroom apartment averages between $2000-$2500 per month. Lots of people build equity in their home over several years and buy up but prices have become so staggeringly high that I wonder how far the market can go and expect a large correction soon. It hasn't happened yet though and prices are still rising, albeit at a slower rate than in '21-'22.
    10
  8298. Ponte Vedra Beach would make a fascinating walk and talk video. There are a couple miles of mansions built on the dunes. Storms over the past 5 years have eroded the dunes, and most of the mansions are teetering on the edge of collapse. You can see the desperate measures people are taking, from building concretes retaining walls to planting sea grass and bringing in truckloads of sand. But it's clearly a matter of time before miles of mansions become unlivable.
    10
  8299. I drive very little , have a perfect driving record, and my Geico went up. I called and they said they raised everyone in Florida. Also just got an special fee to cover the condo insurance, plus my condo fee is going way up for 2024. Let's go Brandon
    10
  8300. Can you report on the employee retention credit fraud that may have been pumping the market and is beginning to be investigated by the feds
    10
  8301. Love the strolls on Miami beach, Michael. Best financial advice I got was from Jesus when in my early 20s - "“And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. Yet I tell you that not even Solomon in all his splendor was dressed like one of these. If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you—you of little faith? So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own." Matthew 6.28. Put Jesus first (seek HIs Kingdom and righteousness) and He will make your path straight. There is no future without God
    10
  8302. Florida should bus the bums to California or New York.
    10
  8303. Michael you are not doom and gloom.... you are joy and sunshine as you tell me the great news about the housing market 🌞
    10
  8304. Expect beachfront condos to have extremely expensive maintenance fees going forward
    10
  8305. I lived in a condo in Toronto and was always feeling completely safe at 4, 5, 6th floors... but l had a friend who lived on the 17th floor and it seemed unsafe to me. I could feel wins moving the bldg. This scares me. I want to retire in Florida but l won't look at a condo now. I would have considered it before this. I want to be in Clermont and there are a lot of 55 plus communities there and the prices are good. This incident kind of made my mind up on the choice.
    10
  8306. I see the government lying ? Don't they do it full time 😂
    10
  8307. 16:01 Cakewalk: The term "cakewalk" was used as early as 1863 to indicate something that is very easy or effortless, although this metaphor may refer to the carnival game of the same name in referring to the fact that the latter's winners obtain their prize (sometimes a cake) by doing no more than walking around in a circle. (From Wikipedia)
    10
  8308. If you can afford 45k a month why would you be renting?
    10
  8309. GREETINGS MICHAEL, AND ESPECIALLY TO ALL THE MOMS ❤
    10
  8310. Almost everyone has had the neighbor from hell, and it makes it understandable why they are OK with a HOA.
    10
  8311. they put the $25 on there so if one goes missing they charge you.
    10
  8312. Judge struck down the student loan forgiveness as not constitutional. Those people all got fooled, badly.
    10
  8313. Yahoo News reported, those who changed co.panies earned 10% more, those who stayed 5% more. My reality. Wages froze (no merit hourly increase). Now paid a bonus that equated to 2.5%. Meanwhile inflation at over 3%. Wages may be up for those in sales earning commission on inflated sales. But the real world, this economy is shit.
    10
  8314. Everyone out here waiting for the Florida wildlife video
    10
  8315. Is it just me or is this guy too good looking......I hear the first few words and then I'm just completely distracted hahahahahha
    10
  8316. Why doesn't the bank just lower the rate? This is a scam.
    10
  8317. Inflation seems Greatest on things we Can Not control, Insurance and Taxes !
    10
  8318. Good luck with that one 3.2 in their dreams only. I was there, and looked at them, not worth the money not even close. As for the Champlain towers they got pay more then 1 billion, I know this as a friend was sued for this. This Condos where garbage and the other tower still garbage, that is why they collapse. This building had serious structural problem due to pool leaking in garage and foundation, that is why it collapse, they knew this for over 10 years, but like always people in Miami do not want to pay pr protect their investments, then they sued Terra group that build the new building next door, only in Miami the insurance would settle for that. as is the HOA directors fault and responsibility and should be sued.
    10
  8319. Thanks for all the info. I wanted to move to FLORDIA. I’m gonna move to ITALY 🇮🇹.
    10
  8320. I'm in same situation as Travis. I could easily drop $400,000 in cash after liquidating some of current investment positions and purchase a home, but why purchase an over-valued asset? History is on our side and prices are slowly on a negative direction that will continue to go that way in the long-term.
    10
  8321. For me the 64k dollar question is: how might all this be ORCHESTRATED for the failure of smaller private businesses and entire Middle Class America? How much policy is Woke/Gavin-Driven? 🙄
    10
  8322. It's coming and there's nothing we're going to be able to do about it..... The amusement park will be closing.. end of an era
    10
  8323. our electrical grids cannot handle everyone driving electric vehicles. that's it. the end. there are areas of the country on rolling brownouts and blackouts whenever there's a slight heat wave. going all electric right now is absolutely stupid.
    10
  8324. Yeap the sunsets here in California are real!! We never get tired ❤️
    10
  8325. Said it before but I have to say it again. These walk and talks are fantastic! So enjoyable even tho the news is not great. Thank you for all the news you bring. Half of it I wasn't aware of. Also my son loves the walks and wants to holiday in the U.S as he loves the scenes. Keep it up and we all love those sunglasses!! Where did you say you bought them from? I gotta get some even tho in the UK it always rains!!!
    10
  8326. The funny thing is people that make between 20k to 70k shoplift 30% more than people who make 20k or less. In other words, people who in the past have been used to splurging on worthless crap still want that crap even though they can't afford it now.
    10
  8327. Being a landlord in this current situation is a total disaster. A lot of issues going on between tenants and landlords right now up on the news. So better sit this one out.
    10
  8328. These videos are great because a lot of people refinancing to use property as a piggy bank or paying off unsecured debt don't understand the consequences, i.e. secured vs. unsecured debt! Great info Michael!!
    10
  8329. Thanks to channels like yours, I moved/sold from southwest back to the midwest at peak and still waiting. But with the Colorado River getting alarmingly low, it's also something to keep in mind. They might have to shut down the hydroelectric dams for the first time. The water sources of the Midwest could be a future gold mine for immigration patterns. Especially if water prices soar while housing drops.
    10
  8330. Working from home is saving people so much time and money and promoting a healthy work/like balance. I'm not a fan of this push to force people back into the office. The only legitimate reason for doing so is that communication is more efficient because you can just walk over and talk to someone, but that's also the reason why there are far more distractions in the office when you're trying to do your work, which increases stress and decreases efficiency. When they give reasons like "culture" for why they want everyone to return to the office, I think that it's really about a desire for companionship, which for me just creates stress. I think that most employees can live with a hybrid system where they can work from home 2-3 times a week. The days working from home relieve so much stress and save so much time and money.
    10
  8331. Here come the pre foreclosures/ short sales.
    10
  8332. I have many of my retired friends who are capable and able are going back to work whether it's part-time or full-time they are coming out of retirement
    10
  8333. I can’t wait to get back to Florida, we moved to the NW and it was a mistake. A mask doesn’t discourage us, housing has increased everywhere. I hate the wild fires when they are burning all around you and there’s no escape.
    10
  8334. This is a really interesting take. We have a foot in both places (No Cal & So FL). Since I am no longer in "I gotta get out of CA" mode, I must say, I appreciate it more. The natural beauty is just off the charts and the amount of open space keeps it that way. The people are actually decent (discounting political affiliations); I find New Yorkers (another name for So Floridians) can be so pushy. CA is a very special place, & it will bounce back, I'm sure. But being in water all day is my purpose in life, so FL works well for me.
    10
  8335. Your videos will help us who do not trust or watch fake news media, you are our news. No anyone is speaking more truth than you. we all try to tell others but they refuse to listen.
    10
  8336. I don’t wanna hear the mayor of NYC or Chicago complaining about how these illegal immigrants showing up is a problem for their cities. They’re so quick to criticize the governors of the states at the southern border for being racist or being unfair to brown people and how no one is illegal. It’s easy to criticize when you’re hundreds or thousands of miles away from the problem. It time these critics had a taste of the headaches those states on the southern border are dealing with! People don’t just waltz across CANADA’s southern border, why should the U.S. just be expected to let anyone and everyone in? We’ve got our own homeless problem as it is.
    10
  8337. RTO orders will track tightly with commercial real estate. Once the bottom falls out on CRE, we'll see a surge of remote work hype again. They'd have to crank the interest rate to double digits to even move the marker. We're in a permanent labor shortage, especially with skilled workers. Employers are burning what good will there might be left in trying to put their critical employees under the heel and it's going to cost them in the long term.
    10
  8338. Housing crash predicted
    10
  8339. Rates should be alot higher to fight inflation. But home prices need to drop to make buying feasible.
    10
  8340. This exact scenario is happening at Kauai beach villas. Otherwise I would’ve bought a condo there. But buildings were made poorly in 1980& some have structural issues.
    10
  8341. Houses are not chips in a casino. They are places for people to live in. I'm really not into the government creating more laws and restrictions but I do feel in this particular situation there should be a maximum amount of properties a company should be allowed to purchase. Also we need more restrictions for international real estate investors. Places like Miami are full of properties that are sitting empty while people are struggling to find a place to live in.
    10
  8342. Sometimes the FED says the truth
    10
  8343. Life is good..I'm at dania beach right now ..was at key biscayne yesterday..florida rocks.
    10
  8344. I don't wanna be a taxpayer bailing out ones who don't care about savings, working hard or learning to work on their own cars. But hey, I'll come scoop up a foreclosed cheap property and then legally choose the responsible renter who isn't pulling our economy down.
    10
  8345. If you went to panama city or callaway you would see stuff left from Michael, and half the ass hats on the beach are not locals, they are mostly 100 milers that come to work to get the money.
    10
  8346. We're the baby boomers Michael was talking about @ 19:00. Sold, downsizing and building in a similar Southern state with no HOA's or busy body neighbors. But with all the $ we're saving every month, INSURANCE was the cost going up in our budget and all three at that -- health, homeowners and auto.
    10
  8347. If you are going to use your house as a cash cow and keep taking money out of any rise in equity, then you might as well just rent, because you will never own that house.
    10
  8348. Funny you brought this topic up I was just telling my wife that exact thing !! We have a place in Orlando with taxes and insurance runs about $750 a month which is crazy and are house payment is around $600
    10
  8349. I have a VA mortgage and I agree with Michael. A lot of veterans are pitifully poor at managing money. When I worked at the VA 15 years ago, so many veterans had to have fiduciaries to manage their money for them.
    10
  8350. Hey, now! keep your people on your side. We don't need any more money driving up prices over here in Sarasota!
    10
  8351. another great video. and this is only one of the problems with hoa's. never in my life would I sign up for an hoa
    10
  8352. I dont see how you dont have to sign for paying insurance in order to own a home. There should be no handouts
    10
  8353. For 3 to 6% of commission realtors better do more then that because most of the time buyers find the house online and send it to there realtor.
    10
  8354. I appreciate any information you and Travis give me about the housing situation Michael whether it's different kinds of neighborhoods, real estate agents, loans and insurance companies to look out for to keep me safe and play it smart on my next move in Florida. I don't really trust anyone regarding the housing market anymore besides you and Travis. Thanks for another awesome informative video.
    10
  8355. Oh my gosh, the LIGHT...Florida sunshine is so amazing...♥♥
    10
  8356. Another one of the many reasons I never wanted to own a condo,..... there is a monthly cost (HOA fee) that is solely at the discretion of other people that is non-negotiable. I know you got a great deal on your condo Michael,..but,...you still get the b.s like everyone else.
    10
  8357. When wealthy foreigners buy US real estate, it's not necessarily because they want to live in the US. I would bet that a good percentage of the Latin American money pouring into US real estate is the product of the drug trade, political corruption, etc. By parking money in US real estate these foreigners have a relatively safe asset that can't easily be seized by officials in their home countries.
    10
  8358. In 2000 I bought in a new build neighborhood when many of these programs were in place. These people were out of their house in 2 years.
    10
  8359. I've learned in Arizona if you don't have roommates you're basically out of luck with housing unless you make big bucks!
    10
  8360. Spent 25 years as a Structural Engineering Inspector,there were obviously issues ignored..
    10
  8361. No one: Leafblower: Quick, Michael is making a video. We must blow the leaves!
    10
  8362. I've heard that flooding in Miami Beach has been getting a bit worse over the last 10-15 years. The whole Florida peninsula has been below water as much as it has been above water over the last ten or twenty thousand years. Still it's a great place to live and enjoy, especially if you can get on the water in a good way!
    10
  8363. I’m saving my cash for some good deals in a year or two.
    10
  8364. I'm pretty sure that a mortgage lender will require windstorm (i.e. hurricane) insurance. I don't have a mortgage on my Florida single family home, so I carry only property insurance and $1 million liability insurance; runs me $480/yr. Windstorm insurance would cost another $1200. No flood insurance either, but the insurance agent quoted it at $400/yr.
    10
  8365. I live in Arizona where Carvana is home based, the early part of the summer they had just laid off 2500, so this is an ADDITIONAL 1500.
    10
  8366. The problem is our government and politicians. Maybe we should do something about this. We can never have a government like this again period!
    10
  8367. The line has already been crossed.
    10
  8368. @Michael, all your old videos are showing up on my feed. Last night I met your Partner, Dad & Mom ! Good decent humans all around you ! 💗
    10
  8369. Great Story! Enjoyed it.... Sharing it with my 24-year-old son 😊
    10
  8370. People don’t want to pay commissions because the rent is too damn high!
    10
  8371. Stumbled on your page randomly when I couldn’t sleep and just want to tell you how much I enjoy them. Just got back from a trip to Miami Beach and these walking tours make me feel like I’m there. I definitely am looking to relocate soon and you really are helping me narrow my choices. You have great things to say and have a soft, soothing voice that sometimes when I can’t sleep I put on your walking tours 😉. New subscriber for sure! Keep these up. Hugs from NYC.
    10
  8372. I'd also add that our deductibles are going up so high that everyone is going to just stop paying.
    10
  8373. Boy, you hit the nail on the head with this! These complaints about the lack of starter homes and your reasons behind that are 100% legit! I think about this everyday!!!
    10
  8374. Michael, Lately I just stumbled upon your videos during a Vrbo search in Florida. I really appreciate your honesty in all of your videos. Enjoy your walking Tours of the Miami neighborhoods. Please keep doing them. Your talking during the videos are perfect. It would be nice to incorporate some foods you have found in these neighborhoods as a lot of people are foodies. I dream of visiting Miami soon. I am 66 and retired. I live in Parker Colorado and have property near Buena vista Colorado. I like your walking tour of Miami’s west neighborhood. That’s my kind of Shangrila in Miami. Need to win the lottery to buy something down there but think a lot About renting something. Feel free to make contact so I know you have read my comments. I know you are probably too busy enjoying the Florida sunshine. Take care.
    10
  8375. Now it appears that people spent less for the holiday season than was predicted. Who'd have thought?
    10
  8376. Great video michael, completely agree with you on all points, keep up the good work.
    10
  8377. Hitting some crazy nice areas❤
    10
  8378. The greed of these institutional investments never cease to amaze me ! How low can you go to kick ppl out and make a buck Shameful! 🤐
    10
  8379. Tonight on 60 minutes. The Commercial Real Estate Vacancies, possibly considered the next Financial crisis.
    10
  8380. They raised the insurance for a condo building in broward county 150% just this year.
    10
  8381. We've been edging on this crisis for the last 4 years. And nothing happened. It's just dragging along whth announcement after announcement.
    10
  8382. Short sale and/or strategic defaults are on the horizon. Especially for 2nd homes and vacation rentals.
    10
  8383. I was born And raised in the Philippines. I speak both fluently. It is a fact that if you want to succeed in finding and keeping a job, one have to speak the majority of people are speaking. English is also the only language used in business around the world! The majority rule.
    10
  8384. I think this recession is really going to hurt the upper middle class. All the tech jobs that paid insane last few years. Those are going to get hammered. Those people will have some serious choices to make. Less choices when you just don't own much. Less to lose.
    10
  8385. Still doesnt help when the 20k in taxes turn into 40k
    10
  8386. Michael could you do a video talking about the home buying process for buyers and then do a video talking about the home selling process? Would love to hear what you need to know from both perspectives of the process
    10
  8387. Please be careful. The Bay Area has astronomical crime.
    10
  8388. Auto is insane in Fl 2k/year for a 12 year old vehicle It’s the uninsured motorist coverage that is driving this
    10
  8389. Fast food to restaurant value has plummeted lately. I have no idea how any of these places are still in business. Low quality overpriced food. Trash service. Entitled to a tip. No thanks! Except for you publix deli. I still love you.
    10
  8390. You could never look gross Michael! Speedy recovery & thank you for your videos while healing❤
    10
  8391. Watching from Costa Rica and Panama. Ha Ha Ha Ha, millionaires in the U.S. think it will take a miracle for them to retire! Obviously, you don't need a high IQ to be a millionaire! Many of us started out in retirement with modest means, bought properties in Central and South America, and established multiple high-end cash flows.
    10
  8392. Just bought my 4th home. Some i sold with profit, some not. Everytime i bought it was a big sacrefice, meaning working extra to effort it and save on everything from grocery to holiday and even cold nights turning off the heating. Just hang on and work your way up the homechain😉
    10
  8393. Praying for everyone in Florida. 🙏 ❤
    10
  8394. When I started to look into renting my home after getting married, I was told to not rent to anyone that didn’t meet my criteria for being a renter.
    10
  8395. This daily educational housings summarization by Michael and its content surpasses college coarse that one would have to pay in the form of tuition and not even come close to the detailed content that Michael bring to the table.Keep up the great work and have a Merry Christmas
    10
  8396. That 1 bed 1 bath house looked cute but they used really cheap fencing in the front yard, wonder what the inside looks like
    10
  8397. Those dollar stores be more expensive than Walmart. Nothing in there is a dollar at all.
    10
  8398. We need a massive recession to fix this. Who are they going to rent to with no jobs?
    10
  8399. That food chart is way off.Lettuce cost me $1.89 thats up. Eggs cost me $2.99 at Walmart.Apples and any fruit is way up.And thats here in Arizona.Prices are higher on the east coast.
    10
  8400. Well, I don't think it is that bad. I currently live in Brooklyn, NY and it seems like everything is cheap in Florida. I will definitely move in the near future.
    10
  8401. You're totally right on the state of things. Reality is a bitter pill sometimes
    10
  8402. But, but, but, I want both. A low price and low interest rates 😅
    10
  8403. With interest rates at historic lows, in many parts of Florida your house payment is about the same as rent. The only difference between a renter and an owner is a credit report and a down payment.
    10
  8404. Khols already started having Sephora in some of its stores.
    10
  8405. The Cricket Club 🦗 sounds terribly expensive
    10
  8406. The house listed as "Vacant land" looks the nicest to me, has original windows and is most likely unremodeled, not the typical fix and flip. The price, though is pure idiocy. Will those investors ever learn?
    10
  8407. I had to move out my apartment cuz my landlord was moving his daughter into it. After 45 days looking for a rental I scored a 3 bedroom place on the gulf for 1100. Right across from the water. It was a blessing in disguise leaving my studio apart @ 1,000 a month. Tallahassee market is nuts. Especially with 3 colleges. Over priced and no availability. Glad to be leaving.
    10
  8408. This is nice and everything, but to do it we had to basically throw the baby out with the bathwater. Me and the wife make good $ but no way would we commit to a mortgage during this whole mess.
    10
  8409. Thanks, Michael! Don’t lose hope.
    10
  8410. Tally is South Georgia more than Florida really. More "Southern" and friendly to my mind. Yeah, students aren't there like usual because of Covid otherwise you'd see more traffic. You are within easy driving range of a lot of natural beauty. Love the live oak trees. Tallahassee's biggest issue for me is summer is brutal -- you aren't getting those Gulf Stream breezes like in South Florida.
    10
  8411. They weren’t forced but they were HEAVILY persuaded to take those loans. Not saying they should get a pass either. Lots of guilty, gullible and greedy parties involved with whole student loan racket
    10
  8412. Rates were 15-17% in the 80's and a nice 2k sqft prop was about 180k, now its over valued to 500k. I could see it being 230-280k. .
    10
  8413. Dude, dont even get me started on Mn. The Somalian thing is just insane. There's a First Time Home Owner loan that basically hands out down payments for people whos parents have never owned a home (Somalin's). Then there's another government funded program that allows all them to pool there money together so that richer somalin's basically pay for the poor ones to live in these $500k homes. Not to mention that in there is a concentration camp in Somalia that allegedly houses half a million people AND Mn tax payer money is used to bid people out of those camps and move them over here. Absolutely INSANE
    10
  8414. SS has a classic car show every 3rd Saturday of the month.. we really enjoy TV so much to do... of course my wife loves to shop and dance so we are ALWAYS busy lol! Great videos Thank You... and YES all the villages are connected with golf paths.
    10
  8415. Home prices won't go down for the same reason as why a luxury brands dont need to reduce prices. they dont need to make tons of sales to make profit. Owning a home is a luxury from 2020 onwards. I know its crazy but thats what it is from now on.
    10
  8416. First listing showed—😂 some idiot paid 50% above the selling price just 24 months previous. Then tried to list for double… This is why “average listing price” goes up, but when there are no more “NEXT GREATER FOOLS” someone gets stuck paying 1.8M for a $1M bag.. this is going to be painful for a lot of people who FOMO’d into the market thinking prices only go up. They even waved inspections on the biggest purchase of their lives—you know things are upside down at that point
    10
  8417. Get this. People here in Florida that have had solar panels installed on their roof are now getting a big surprise. Their homeowners insurance has gone up if not dropped.
    10
  8418. Great Video Micheal! ❤️❤️❤️ 🙏🙏🙏 In Jesus Christ!!!
    10
  8419. This is so sad for people who have waited 2-ish years. I’ve personally waited and I can’t wait but a few more months (3-4 ish). This is so unfortunate.
    10
  8420. I spent 3 weeks visiting the Philippines and some of the poverty there was depressing- but the pedophiles that go there cause people cater to them disgusted me. It was in the open and obvious the criminality those sick people go there for. I’ve had a couple of friends that went there as sex tourist and that was the end of those friendships.
    10
  8421. Thank you Michael. I agree with almost everything you talk about and appreciate your videos. I think foreign ownership should at least be limited. With everything going on as you point out I am glad I am debt free and own my lake home free and clear. Take care.
    10
  8422. Can you do a video on multi age family members living under one roof? My adult son and his wife moved back with me in my NC 1,200 sf home. It’s rough and I know of several others in the same situation.
    10
  8423. People who game The system remotely also will game the system in the office.
    10
  8424. I loved growing up in South Florida in the 60's and 70's but moved away after college. I still have great memories but would not want to move back. After living in AZ for the past 30 years, the humidity would kill me. On a side note, all the ppl moving to AZ from CA has ruined the state.
    10
  8425. My wife and I sold our home a year ago and made $400k. We are now renting and waiting for the market to drop so we can buy our retirement home.
    10
  8426. I'll take a bad hair day, over getting murdered by a MS-13 gang member anyway of the week.
    10
  8427. Thank you for your great updates. As far as the poll results…LOL. Prices are not crashing. They are actually still going higher, but not as much. This is after already being up 30-40% in 2 years! This is still a sellers’ market, inventory low, prices high. Just not enough “forced” sellers. Yes transactions and refis are crashing, but sell (not list) prices still up!🤦🏻🤡
    10
  8428. The water is much warmer now! You have to wait until mid June for it to get really warm. Also it's much more clear and emerald green later in the summer as well. Awesome video!
    10
  8429. I effinnnnnn loveeeeeeeeeeeeeeeeeeeee these walking tours you do. Omg how I wish I was in Florida!! I live in NYC & it’s currently freezing, there’s piles of snow everywhere, and it’s raining. Im over it lol. I’m 26 & when I buy a house it’s 100% gonna be somewhere tropical like Florida. I can’t wait & omg the houses are stunningggg. More walking tours please , you’re doing a superb job ! ❤️
    10
  8430. Mike after living in NYS for decades I moved to Florida in 2021 which was the best investment decision I have ever made for myself !
    10
  8431. Marriage is about a lifetime commitment to each other, not a one day party. Get married at your local church or court, and elope and your honeymoon and save the money for a drunken party to buy a house!
    10
  8432. The amount of money you’d have to put down to make a dent in your monthly payment is outrageous. It’s not worth it at all. You’re better off keeping it in the bank to be able to float emergencies than you are locking it into your house
    10
  8433. Smoke from all the wildfires happening is a deal breaker for me.
    10
  8434. I’m considering a move to Fl, before the hurricane I was considering Sanibel. Today I saw a listing pop up there, $899000. The house was impacted by the storm and everything inside has been removed down to the studs. Is that price outrageous or will someone pay that because of the location?
    10
  8435. Property tax is theft
    10
  8436. The M2 money supply in the U.S. is showing about a 2 percent decline and that's only happened a few times before in U.S. history and one of those times was before the Great Depression. I would say that not buying a house or a major purchase that would lock you in for years is good advice.
    10
  8437. Mike, I watch a video about purchasing a home in Japan. The man that created the video emigrated to Japan and purchased a home. He said the home that he purchased was on the market for 10 years before he purchased it. He also said that 15% of the homes in Japan are vacant. Japan does not have unfettered immigration and the population is not even reproducing to replenish the current population much less allow it to grow.
    10
  8438. In 2017-19-20 I looked up prices in miami and I found hundreds of houses under 200k, hundreds for 150k. Now im not sure if they were in good areas but they wear spread out all over the map so there had to have been some in good areas
    10
  8439. I'll speak about my market in CT. I don't think we'll see a crash but more like a correction in a couple of years. I saw two houses during an open house, and I noticed the people looking were from Oregon, asking about the area. Eventually we drove by the house and the Oregon family had purchased it. This leads me to believe and based on what's happening, a lot of westerns are coming to the Northeast to purchase because it's a lot more affordable for them; pricing out the locals once again. I anticipate the NE will be holding a strong market for sometime
    10
  8440. What's next is, we get houses for pennies on the dollar
    10
  8441. People moving out of Southern California is way overblown! Everyone who does not like California and wants to move out, move already put your house for sale, so I can move back to Cali!
    10
  8442. Great analysis! I’m a FL native currently living in LA/OC area and I’ve also lived in Miami while attending FIU there. You are spot on about these differences. Thanks for sharing!
    10
  8443. Especially during Covid the number realtors went up 700% Even if you get a buyer to sign an agreement stating they will use you. That does not stop them from using a family member or friend when it comes time to buying. Lose lose scenario for realtors unfortunately.
    10
  8444. Thank you for all your videos .I watched them before I moved to FL in October 2020 and you were right about alot of information you shared. You are dead on in this one too unfortunately, espically about the Locals being unwelcoming
    10
  8445. Love Florida going there in two months for three weeks Great people.
    10
  8446. Michael are you being compensated by Lear Capital? There is nothing wrong with that but a suggestion ...You could state "this is a paid commercial advertisement for Lear Capital" before you pitch their service. This would lend credibility to yourself and comments with gold and silver. Thank you for your programing.
    10
  8447. You don’t realize how much light is let off of buildings, and street lights until they are out
    10
  8448. Home prices are coming down but not that much. I think the owners want to keep their asking prices high as to make back the money it took to buy it or fix and flip it. But with the economy being the way it is, they are going to drop them way low just to sell.
    10
  8449. Just met a woman maybe in and she said her parents live in Venice and home insurance went up to $8500 per yr and decided to self insure.
    10
  8450. Sir you just make too much sense! 🙏
    10
  8451. Moving to Miami soon. This is perfect. Subbed
    10
  8452. There will always be people who have to buy and sell no matter what the market is like, interest rates, etc... Happy Sunday Michael, Thank You! Another Great Video
    10
  8453. I just spoke to someone who moved to the Orlando area from CA. I told him you are better off renting for at least a year before buying a home. He thought the same thing. It’s a good time for people to rent short term, 6 months - 1 year at a time to explore a new area and see if it’s a fit before committing to a 30 year mortgage. Gotta be smart based on the market conditions to protect your investment
    10
  8454. Happy New Year! Great videos Michael. Someone a couple of videos ago said you do too many. I disagree. Always look forward to your content. Mahalo
    10
  8455. That person that went from making 75K to 100K is paying a lot more in income taxes too.
    10
  8456.  @MichaelBordenaro  well said! If people are able to overcome this, and the traffic (lol), I'm sure they'll enjoy all Central Florida has to offer.
    10
  8457. FED just raised .75 points. It's about to get worse. We are back to 2008 rates. Buckle Up! WELLS FARGO is about to do layoffs because mortgage business is down 90%.
    10
  8458. Why don't we hear about hotels being shut down. Do they have reserves to pay for repairs ? Owners should be given their current interest rate for their next home if forced out of their home.
    10
  8459. Been living pay check to paycheck since I was born, so nothing new to me 😅
    10
  8460. Sad, instantly homeless, no belongings, law suits probably
    10
  8461. I'm glad people are beginning to wake up to the fact th at Florida isn't for everyone. 🗯
    10
  8462. Exactly why I'll never live in a condo or HOA, nothing but greed and they don't do proper maintenance as needed... I'm seeing a lot of corporations buy up factories and taking away shut down days cuz they want as much production as possible but yet the lines are always breaking bc those shut down days were for plant maintenance.....
    10
  8463. As a future Floridian, I should make a evacuation list and post it somewhere on a wall or have it in a calendar once I hear about a hurricane approaching 😂😂😂 maybe buy important things a person definitely needs. The only direction to go in Florida is north to get away.
    10
  8464. WHY are you so real in your story telling??😂 it captures me every single time. And it’s pretty much all facts! I fell out laughing about the crypto nerds in the club 😂picturing that scene in my mind LOL! Thank you!
    10
  8465. In my local housing market, I've noticed a lot of listings are being taken off the market after a short while. I assume it is because they aren't getting the type of offers that they expect. Are there any statistics on this kind of takesies-backsies that you can talk about?
    10
  8466. Hi Michael. I've been watching your videos for a while now. Always entertaining and informative. With regards to home insurance, I shudder to think what the future of the RE industry in the US is going to look like. I mean, some of the big players are already outright refusing to issue new policies in certain states (i.e. CA and FL). If they ARE, they're now excluding coverage for extreme weather-related events. I think this will become the SOP for all insurers nationwide very soon. Well, if that happens then home sales will drop off a cliff because the overwhelming majority of would-be home buyers can't afford to pay cash. They'll need to get a mortgage, and if they can't get home owner's insurance they're going to be SOL. The US will become a nation of renters - not because people want to rent, but because a lack of insurance coverage will disqualify them from getting a mortgage.
    10
  8467. Excellent content, and very good speaking clear and to the point.
    10
  8468. You are giving Dan from IAllegedly a run for his money on that beach shot 😁. Great work as always.
    10
  8469. We're planning to move to Central Florida soon when we retire. Besides all the wonderful reasons you already listed, we are moving there to live in The Villages. They have a super active retirement community that offers more amenities, fun things to do and shopping than any other Retirement Community in the United States. 😎🎾⚾️🏌️‍♀️🎣🏊‍♀️🚴‍♀️
    10
  8470. Half of my income is spent on my mortgage payment (which includes an extra $500 principal payment). But I’m not in dire straights. I take home about $7000 each month after taxes and deductions. I have no other loans or major expenses. College was free due to GI Bill and my car is paid off. I have about $3500 leftover for all other expenses and pocket money. If I lose my job then that’s where I fall into major trouble because my mortgage is high. That’s a risk I suppose.
    10
  8471. Hey Michael, are there any sort of pros in living in an HOA? I honestly can't think of a single one.
    10
  8472. Hi Michael, I have lived in Southern California about 40 minutes from the ocean for 26 years and have spent a total of six weeks in Florida over two visits touring around most of the state. I have gone as far north in CA as the Napa Valley and south to San Diego and out east over to NV and AZ. I agree with all you say. The music scene is definitely good here although the free thing is fast disappearing along with the big portions in the restaurants at reasonable prices. It is true that we have a great variety of climate and scenery to choose from, but now unfortunately in REALITY there is NO choice because the average person cannot afford to live anywhere as long as there is a CA in the address. You spoke of the CA income tax. This is something you may not have heard of yet as it was only announced about a week ago. If you have 15 million dollars our government here plans to tax you for 10 years if you leave CA to live in another state. I can only assume this is in response to all the rich people already leaving CA. It will not affect me, lol, but who knows when they will apply this exit tax to everyone? Also the coastline above Ventura gets covered in natural oil each summer, making going to beach unpleasant although the scenery around Carpenteria and Santa Barbara is truly beautiful. But once you get globs of oil all over your feet....and I mean globs.....it kinda puts you off.......You did a great job on the video as usual.....keep them coming!
    10
  8473. owning a house requires taxes, fixes, and that 30year loan with compounded interest is going to end up costing you 80% up to 150% of the cost of your house. in fact, most of your payments for hte first 15 years goes into just paying the bank's interests.... so it's a terrible idea you can definitely make more money if you're careful with that in just 5-10 years let alone 15 years....
    10
  8474. “Try that in a small town”
    10
  8475. Only Michael can find the leaf blower guy everywhere he goes 😂😂😂😂.
    10
  8476. Can someone explain to me how a 1% down mortgage is affordable? The mortgage itself is gonna skyrocket and then you’ll be house poor. Affordable to me would be a cheap house being bought with a low mortgage or a decent down payment that will make the mortgage be affordable month to month. I know people have trouble saving for a down payment but 1% loans and even 3.5% loans just seem very unaffordable to me.
    10
  8477. I work for a property management company and we manage 30 HOA’s. So this was very relatable. Thankfully I don’t live in one myself. Never would either
    10
  8478. Keep up the great work! Our whole paradigm in this country is hype, sugar coating and spin. Great to get the real deal, straight up. I work in the biz in Salt Lake and things have changed dramatically. Enough sugar coating. No unsubscribing here!
    10
  8479. Your voice is so soothing, just what the doctor order for a Monday. Thanks, Michael.
    10
  8480. Rumor is that when Michael does his videos the neighbors are told to beware and they lock themselves inside their houses until he is done.
    10
  8481. Not under rent control in Los Angeles. I have a 5 unit apartment building in under rent control and I haven't been able to raise the rent for 4 years. These anchor tenants are going nowhere.
    10
  8482. I saw an article on NPR today that you might be interested in Michael.I tried to send it to your youtube address but I don’t think it sent. The topic “A lot of offices are still empty-and it’s becoming a major risk for the economy.” Keep on keeping it Real! 👏
    10
  8483. Before blindly listening to your agent, think: would you want a commission on a $300k house or $600k house? Unless they care about their client (many agents do), they will steer you into the bigger purchase.
    10
  8484. Hey Michael, I wouldn't mind a more in-depth vid. on Boyton Beach. Thanks.
    10
  8485. It's true! I am from Mexico, and live in California. At 24 years old I had to go to school to learn English! Which is good!
    10
  8486. whats crazy is everyone i know is living as if nothing is wrong and in my city everything is the same as it was pre pandemic, stores are packed, restaurants are packed, everyone is just living.. really curious what the breaking point will be
    10
  8487. Same! I live in LA and am terrified of earthquakes and have constant fear of our building comind down with us in it, and we live in a TWO story apartment building! I COULD NEVER live in one of those condos and I wonder how people do. I would have left that same exact night.
    10
  8488. Really great info Michael. I live in WPB and have many friends this condo nightmare will affect. Lots of developers will be there with cash to take advantage of this mess yet again, caused by our government. Thank you for sharing this valuable information. 👍
    10
  8489. Thank you Michael. This was very informative! A cash buyer will need to be extra careful because he/she would have no way of knowing whether a bank would deny a loan based on "the list".
    10
  8490. I Agree, it will be a slow motion train wreck. Interest rates will creep up for 10 years . Japan has been in stagflation for 20 years. With all the business closing it will be hard times for the middle class. Inflation lasted for 10 years in the 70s & early 80s. Housing prices will flat line in most places...
    10
  8491. Renter forever. There’s not one good reason to buy a home in Florida. Especially residential resales that aren’t updated and needs a new roof. Way too expensive to own.
    10
  8492. Those interest rates on some of those student loans were crazy.
    10
  8493. To be honest, I owned a house once and I hated it. Might have felt different if prices were going up, but at the time I felt like I was trapped in a money pit
    10
  8494. A friend of mine had homeowners ins., a tornado came through thee area damaged their house by braking off a limb falling on to the roof. They filled a claim, the ins. agent told them,; "Since the tree was within 250 feet of the house they would not cover it.." (That's like a half a block!), they informed my friend they had an update to their policy since it was written, but failed to contact them about the changes.
    10
  8495. Shit maybe I should sneak out of the country and sneak back in so I can get 150 grand for a house . Why don't we all do it and see what happens . What a shitshow , FKH .
    10
  8496. I've been here for YEARS and I'm from NYC, and yea it's a major culture shock and slower pace overall.....And Florida is already below sea level, but Florida will go under when California breaks off.
    10
  8497. It's NOT inflation,,,,it's the devaluation of the dollar.They call it inflation because it sounds better.
    10
  8498. Your voice is smooth like silk. I feel so much calmer and relaxed listening to you. Thanks, Michal. Your recent subscriber. :-)
    10
  8499. 5 Cruise ports - means maximum 2-3 hour drive to the ship instead of paying airfare
    10
  8500. I am in favor of remote work. I have been working remotely since 2017. I pay for my own internet service $75 a month and my own cell phone and electricity. My company does not pay those bills or buy me lunch or give me a gift card. I cannot afford gas. Why do we need to pollute the air or expressways? Taxes caused the problem . People are running away from high property taxes and they are moving away from crime .
    10
  8501. Here in Detroit the moms take their kids to the local gas station and tell them to fill their pockets with candy. When confronted by the clerk that the kids are stealing the mom will say my kids wouldn't do dat. I swear that's the stuff that happens here. All the stores have signs only 2 students at a time. The high schoolers do the same stuff.
    10
  8502. My deepest thoughts and prayers for everyone affected by this horrible tragedy. I'm glad to hear you and Lizzie (sorry if misspelled) are ok and safe 💜
    10
  8503. If it was me I would wait 2 years before I make my move because that's how long it will take for this "reset" to conclude.
    10
  8504. I’m working and have to at 70.
    10
  8505. In one year I predict you will have over 500,000 subscribers. Hope so, anyway. Your lectures are very informative. One interesting thing I am seeing my Houston suburb is suddenly several new listings. I spoke to two of the Sellers and they both said they had ARMs and now need to sell because of the mortgage interest rate reset. Interesting, yes. The realtor at one of those open houses said she expects to see lots more come on the market as time goes on this year for the same reason.
    10
  8506. Mike, did you see Fl Representative Edmonds Introduces Bill to Help Floridians Pay for Mortgages and Insurance. Bill would give folks over 65+ $2500 and those younger $1500. Money would come from unused Covid funds that Fl received. Interesting idea!
    10
  8507. My question is who can afford $6300/monthly rent? My second question is why are yo justifying that $6300 is not a bad deal!
    10
  8508. Need to consider we have a shortage of 5 million homes right now compared to where we would have normally been, thanks to the pandemic and supply problems.. Increasing interest rates will stabilize prices in the short term as more people start sitting on the sidelines, which is going to keep driving rents higher. But the moment more homes start going on sale, more homes start being built and interest rates relax, a large influx of people sitting on the sidelines all this time will jump back into the market. I see prices stabilizing maybe even going flat or slightly down over time, but home prices will never be where they were 3 or 4 years ago. That's inflation for you, prices will continue to go up over the medium to long term.
    10
  8509. So basically we're screwed. Might have to look abroad for retirement.
    10
  8510. 8:34 We have record spending and record defaults at the same time because we're developing even more into a bifurcated society. Yes, there are a lot of retail service workers who can't afford rent or food; and they are the ones in trouble. But at the same time, there are a LOT of cubicle workers age ~40-60 who quietly worked@home during the pandemic. They kept their salary, never saw a financial blip, and were never really talked about in the news. They refinanced their homes in 2021, restarting the 30-year clock at 3% interest. They are still saving a lot of money each month, and that's why they can absorb the higher food prices, even if they are grumbling.
    10
  8511. I was like you too. I would meet someone walk away and can’t remember their name. An older woman told me she was like me and learned when you meet someone have them spell their name or you spell it to them. By looking at the person and doing this, will cause the name to stick in your memory. The older lady was right. I now have no problems remembering a person’s name. Try it next time it works.
    10
  8512. The people here in California are so rude, mean, and discriminatory. And all the damn restrictions, masks, and vaccine policies make this a modern-day Hell-hole. We can’t wait to get out of here. I hear people in Florida are super rude as well, especially in Miami Beach. What area can we go in Florida for really nice people, but still be around a lot of good food, restaurants, and attractions? HELP!
    10
  8513. Here in NJ, a guy that I work with just had his property taxes go up $1800/yr. I'm still waiting for my new tax bill, I'll keep you posted!
    10
  8514. Fabulous video. I'm a very conservative guy who believes in free markets...but even us free market people know that some basic controls are necessary (minimum wages, anti-trust laws, etc). So one of the things that I strongly feel the government should have done a while back was pass strict restrictions on how much faceless corporations could participate in residential real estate. Democrats especially should be jumping up and down in anger that Biden is apparently not even considering something like this...
    10
  8515. My employer has embraced remote work to the point that it is about to give up its lease at the Albuquerque office. I am paid about 15-20 percent less for my line of work. But I remember the commutes from hell. I will remote long as I can and beat the clock t minus 51. Not sure how I am monitored since I have a consultant laptop and a client laptop. I’m honest with my hours but sometimes the client communication is not effective as I like. But I do like this arrangement so much better than pre pandemic.
    10
  8516. I bought in late 2020 and paid $5k over asking, but they paid closing costs. I still think I paid more than I should have, but not nearly as much as some people were paying in my area! The inspector overlooked the windows which costed me $8500 just 1 year into home ownership... On a good note, my credit was a little rough but I still managed to get a VA mortgage at 2.75% fixed, so my payment is $875/monthly with insurance. I think I did well for my first home and I don't know anywhere else I can live this cheap. Don't know if that rate is ever gonna be back though, just doesn't seem feasible.
    10
  8517. We can’t live our lives in fear. Thousands unfortunately die in auto accidents every year. But we still get in our cars and drive.
    10
  8518. Interest rates need to go back to 15 percent like in the 80s. ..
    10
  8519. My health took a turn for the worse spring 2022. I was perfectly healthy and didn't even have a doctor!! Once your health fails you can't do much. Enjoy it while you have it.
    10
  8520. I had to raise rents this month...taxes, insurance, and repair expenses are up
    10
  8521. 1% down on a 200 year mortgage.
    10
  8522. Naples was a great place to live in the 1970's.
    10
  8523. A lot of pain out there that main stream media is ignoring.
    10
  8524. In my area, property taxes keep going up and up. For the last 3 years, the assessment of my house has gone up $30K each year.
    10
  8525. I hope it calms down and people become less interested in Florida by the time I move there. Currently working on my credit score and it just shot up from 678 to 701.
    10
  8526. I just moved to Melbourne from Oklahoma lol. But I’ve got 2 acres, 15min inland. So far it’s that perfect mix of everything. We were familiar with Florida before moving. Not sure if we’ve found our dream property or just remodel and cash out. But love the area regardless!
    10
  8527. This is absolutely traumatizing. I’m so sorry this happened in your community and one that I hope to live in soon. I also can’t imagine the sheer terror that overcame the other residents who had to evacuate as things were happening. Omg I’m just so sorry. 😭
    10
  8528. 2023 the recession. 2024 the depression except for those who live on wall street and have the surname bankster.
    10
  8529. After Ian SW Florida market will probably get back to reality and all the greedy sellers will come to realize that their reign is over!!
    10
  8530. Thanks for sharing your inspiring thoughts. A lot of people need a reality check!
    10
  8531. Michael - I love your format. We literally feel like we are walking with you and having a highly educational discussion with you as well. Your channel is the best.
    10
  8532. I've been looking for a home since last year when I sold my house but I've recently decided to put my search on hold. Overpriced homes and high interest rates equal to a very bad future investment. I'm currently looking for a 1 year lease and sit on sideline until next year.
    10
  8533. Sellers also pulling out of market bc not getting $50k over asking.. no babies named after them.. no all paid family vacation with sale.. eventually all they'll get is holding the bag
    10
  8534. Love your videos! Thank you, you put in words what’s in my head.
    10
  8535. I can't imagine how bad the Florida market may get after going up 70% and now with the hurricane and 7% rates and seller's living with delusions of granger still....should be an interesting watch.
    10
  8536. Two things that I will never ever borrow money from are my future and my home
    10
  8537. I moved to FL 1 year ago from Michigan. we bought a house that was recently renovated probably a flip. We moved from out of state and never actually saw the house in person before signing, but had a great agent who gave us video tours and a final walk through. She referred the inspector who was decent but probably not the best. When moving in found out the washer water valves on the wall were actually dead pipes with no flow. Something we didn’t expect, but was never reported in the inspection report, maybe cause there was no washer to test. But other then that we haven’t had any other big surprises. We did have a hard time getting insurance quotes because of the age and style of our roof, which is partially flat, and many insurers won’t touch those types of houses, so we had to go with Citizens. But our experience with them has been good. About 3 months after we’ve been living here we had a sewer leak from the kitchen to the exterior drainage because of a busted connection. The citizen adjuster was nice and responsive to our claim. We had to get whole new laminate wood flooring because the leak was under the floor and bubbling up. The repair company citizen contracted was a good team, nice workers, and made sure all the work they did was up to our expectations and we were satisfied. Basically the total to repair everything was around 12k and all was covered by Citizens besides our deductible. But we ended up getting a credit which covered that because the quote included to repair the floor in the master bedroom because it was the same material as the kitchen and living room, but we choose not to have it done because it was perfectly fine and not necessary. But overall our experience with Citizens has been good with no problems.
    10
  8538. Born in 79 i rem my mom doing layaway at Kmart lol Thanks about to turn 43 in a week now i feel old lol 😂
    10
  8539. "Decreased savings" is an Understatement!
    10
  8540. Maybe those entitled homebuyers should look at the houses they can afford. My first house was not in Miami, New York or LA. It was in a 35,000 people town where the world has still not gone crazy. I lived there for some 13 years until I had saved enough to live where I want. It is the instant gratification mentality that is the problem. Not the housing market.
    10
  8541. I just subbed this week! Keep up the great work, Michael! 🫡💯
    10
  8542. 🚗🔋 I had it to buy a new car battery yesterday, and come to find out, batteries usually have a half life in Florida because of the heat. Makes me wonder about all of the electric cars. Will they last only half the time in Florida? 🚗🔋💀🔋
    10
  8543. MB go to a city council meeting and ask them what they plan to do with all that money.
    10
  8544. Furthermore, Michael, Florida down there where you live in Miami has nice small towns areas. But I do like the beaches along with the cool places to that Florida has. Here with Evanston and the prestigious Northwestern is very nice for here. Our other prestigious university, The University of Chicago is in a small town area which is Hyde Park. So, I have live in Hyde Park years ago and I have worked in Evanston. That has been a nice experience for me. So, now I with additional career travel experience I would like to be by a great length if beaches to enjoy.
    10
  8545. Florida isn't immune to layoffs and with this recession. Some people just think that layoffs aren't going to happen to them ever. It can happen to anyone work can lose their homes in financial situations and get foreclosed on. It gets very infuriating to lose a home. Other than that, prices can't just go up forever.
    10
  8546. The rent prices are going up in South Florida. I’ve been looking for months for a place. I’m coming from New York. I don’t want to spend New York money. I don’t want to work to just pay the rent like you said 😩
    10
  8547. I hope interest rates stay up 8 - 10% for a decade Also the only people selling there homes who are locked in with 3.5% or below interest rates are those forced to sell via property tax increase or job change
    10
  8548. I think what is happening now is the reduction of the unproductive real estate / banking / insurance etc. industry to a normal level. This might be painful in the short run but is absolutely necessary. I hope the focus will now shift back to industries which are creating real value.
    10
  8549. I would NOT want a landlord knocking on my door every month. That is intrusive, imho.
    10
  8550. 🌴🌴🌴 Hi 👋🏼 Mike 😊 Thank you for having Mitch on your channel. He’s an amazing person with tons of great information. We all need to fight for our rights and stop the overtaxing. Thank you 🙏, Carlos
    10
  8551. Real Estate in Texas has gotten ridiculously expensive compared to what it once was.
    10
  8552. This summer will go down in history as the worst since 1933. 😮
    10
  8553. I watched an elderly man here in Podunk, Oregon get tackled for stealing food. Security had him on the ground in zip ties, sitting on him.
    10
  8554. I find it funny when everyone thinks every would-be seller can just be a landlord... like it's just that easy. lol. Sure, some can, but honestly most people are not cut out to be landlords.
    10
  8555. I encourage anyone trying to understand the possible changes in sales price history to use Median rather than Average (the median sales price is on the report just below average sales price). Median is a better metric because it is not impacted by very large sales price outliers (high or low) the same way average is. Any dataset with a very large 'spread' in values from smallest to biggest can result in bigger swings in average. Many months of your sales history have a low of sales price of $100kish and high of $30 million+. That wide range, coupled with clearly incorrect low sales prices (a few hundred dollars in some cases), can result in a average that misrepresents what's happening. Median isn't perfect but, since it is the middle value in the list of all sales, it smoothes the impact of those outliers and gives a better picture.
    10
  8556. Why would anyone be happy to be in California?
    10
  8557. Dr Schiller just said it would be better if buyers could wait awhile for home prices to come down.
    10
  8558. People have gotten so greedy thinking I am sitting on Gold and I am going to get a boatload of money this is wrong the market needs to tank to make these people realize what comes around goes around and you have to work for your money not just put a sky high price and expect some desperate person to give you all this money? what has America turned into? our young people cannot even afford to buy now this is wrong.
    10
  8559. Perfect video to watch while I'm at home, sick with a cold. On a typical fall day in Iowa. Gray sky, chilly, windy and drizzly. Florida looks awesome!
    10
  8560. Watching as I type but an important note. There was a WSJ article yesterday about Hospitals wanting to jack prices 7.5-15% or more due to the nurse pay increases at some hospitals. Some providers are trying to push back on the proposed increase. The point? This will hit consumers with higher premiums if this happens. If that continues to occur and prices for things like insurance spike, it's another hit to the consumers budget and less money that can be spent on housing/rent. Good video.
    10
  8561. Simply can't do any kind of business in CA.
    10
  8562. Thanks Michael !! It’s sad to see what’s happening all around !! Unfortunately this time around recession and crash of homes will be hidden and will be called Transitory !! 🤔😏
    10
  8563. I can smell BOREDOM from one thousands miles away--for young and adventurous souls.
    10
  8564. I have good credit, and they want to charge me to help create more defaults. Next step is when they step in and declare the banks too big to fail.
    10
  8565. Home ownership loses a lot of it's luster when prices r declining... I love renting n traveling
    10
  8566. Wow, you got more talent coming out of your pinkie than most of us put together. Had no idea you're such a pro.
    10
  8567. 4:30 Because time is money, & time is actually more important
    10
  8568. Those houseboats are so cool! Wow! What a neat place! 😎⛴️⚓️
    10
  8569. It's quite obvious that fewer people bought less but paid a lot more for it. Dismal.
    10
  8570. Please remind your viewers that foreclosures are still extremely expensive. The impact on the market is the extremely low inventory on the market, this is not 2008....
    10
  8571. I just love starting the weekend with a video from Michael 😊
    10
  8572. Sounds like the open market is coming for real estate. May the most competitive agents win.
    10
  8573. If I move to Florida, I'm not looking to buy any house. That was never the plan. I will just be looking for a place to settle in. Nothing more Nothing less.
    10
  8574. Record number of illegally parked vehicles in front of homes on the grass areas in this video Michael. They did that also in Dayton Nevada where we sold our last home back in 2015 which is why we sold back then. Bad neighbors are almost always a problem with home ownership it seems. Always be prepared to move due to disrespectful, lawess neighbors these days which is epidemic it seems. I am 70 now and have owned 13 of my own homes ( California & Nevada) but not impressed with American culture and disrespect...Another reason to rent...We now live in the Philippines :) John
    10
  8575. Pop goes the weasel
    10
  8576. Next to the Scarface house there’s the house that floats.
    10
  8577. as a nyc resident i hear lawn blowers all day everyday from 8 till 6 blaring incessantly one of the worst and most disturbing noises no one does their own lawn or rake anymore
    10
  8578. I’m watching your videos bc I want to know the truth about the housing market. Back in 2008, my husband and I bought a house in Bullhead AZ and we bought a vacation home in Destin FL. We thought we were getting fantastic deals bc the housing market was falling. To our horror, it kept on falling. We had to foreclose on the AZ home. The Florida home we paid cash for and we sold at a HUGE loss. It was absolutely devastating to us. We are going to buy in the future and we WILL make sure it’s a good time to buy. So I’m watching and I WANT THE TRUTH. It absolutely boggles my mind how so many people LITERALLY would rather believe LIES than the TRUTH. THEY HAVE “itching” ears that they want scratched by anyone who will tell them WHAT THEY WANT TO HEAR. UNBELIEVABLE. Thank you for being man enough to bring as much honesty to this housing topic. In the end, you will be highly respected and trusted.
    10
  8579. Come on! Let's get Michael to 200k. He deserves it. Sorry for the late Happy New Year. I've been busy.
    10
  8580. Home prices need to go down 80%
    10
  8581. One storm away from disaster in Florida regarding insurance. It’ll be interesting to see what going to happen. You need to let Lizzy get a couple minutes to share Her opinion.
    10
  8582. This may sound silly, the property tax started only 120 years ago, hopefully it won’t last forever. Looking into the daily life, lot of things, we are paying more taxes than we supposed to.
    10
  8583. California native (resident of LA) here, I relocated to TX a month ago... things that I really miss - the weather of course, the geography - mountains , beach, desert all in close proximity makes it a very unique ecosystem in the entire US.. CA beaches aren't as nice as FL but they're fairly good, great consumer protection laws (shady businesses like health insurance companies can't screw you over as easily), good public no smoking laws, great flight deals out of LAX. Things that I DO NOT miss - insane taxes, insane...no... ABSURD cost of living, homelessness (as you described) - there are transients even in some nicer neighborhoods - it's a huge issue, the economy isn't as great as it seems in areas outside of the Bay Area - for example, I actually got a higher paying job in TX and I am in tech!! For now I wasn't willing to pay the premium for what I was getting but some day I may return... I just miss the magnificent beauty of California, my take is it's the most diverse and beautiful states in the Union geographically even if there are major problems in other areas.
    10
  8584. Glad you’re ok. You handled it well.
    10
  8585. Nobody walks and talks real estate better than this dude…love it!
    10
  8586. I've sold 4 houses myself, the last one I offered a 2% commission to the buyer's agent. Every time I was contacted multiple agents telling me I couldn't do it. The tittle company does all the paperwork.
    10
  8587. In 2023, a 6 month emergency cash fund would need 25K to 40K in it for most households. No problem, right?
    10
  8588. At 60 I'm still a nightowl. Don't think I could live in a place that closes at 9pm, I don't even start getting tired till about 1am, I think the musician in me is still going strong ! Looks like a great place though, I guess to each his own !
    10
  8589. My Prius is 17 years old and still running on its original batteries!
    10
  8590. 100% correct on all fronts! Can't add anything or say it better. Great video, love the topic of finances, esp everyday people!
    10
  8591. It's egregious to have a contractual agreement where one party takes the other's money for services and upkeep and they refuse to turn over financial information to the paying parties.
    10
  8592. What about the Kroger executive that just admitted to price gouging??
    10
  8593. I'm happy to see you put my town of Bonita Springs on the list. I chose it after being in Ft Myers for it's smaller town feel and nice beaches.
    10
  8594. They have to stop building 2500 sf homes. My house is like 1300 and I had a 7% rate in the 90s. Bigger house, bigger price and bigger taxes.
    10
  8595. So in lieu of a deposit, you get to pay a non-refundable deposit......
    10
  8596. Michael, it helps to make a high income for a few years to get out of a bad situation. That's the only way to get out of debt. It will take discipline as you said. However, it's a behavior that very few can do consistently. It requires a paradigm shift in your thinking. It starts by understanding money and yourself.
    10
  8597. All your reasons are absolutely spot on! There's so many reasons why people have to sell their property even when they don't want to. Thanks for getting out in the rain today!
    10
  8598. Great video, Michael !.......There is Hope in Fla. !! Those homes were really nice and affordable...Maybe your next video could be on condos in those areas for approx. $100K or less.........Thank you and Godspeed........
    10
  8599. I feel like everyone I know is just praying for a housing crash so they can finally buy. I feel like that's going to prevent it from happening.
    10
  8600. Yes, traffic is bad in Miami - evidenced by almost any time of day on I-95. But there are a few factors that have to be considered: infrastructure, population sizes, driving habits and driving skills. Any mid- to large sized area has issues. But some areas are more aggravating than others. When I moved to Houston in 2014 the sheer size of people living here makes driving an issue, but for the most part I'm less angered by the bad drivers than I was living in Miami. There seems to be a larger concentration of aggressive drivers in Miami - possibly because many come from places where that type of driving is allowed.
    10
  8601. In my community the monthly HOA fee is 80$. They are involved and strict enough that keep our neighborhood looking nicer than most in the 26 years living here. Frankly some folks are pigs that want to turn beautiful areas into slums so I'm somewhat happy paying my HOA.
    10
  8602. That cool weather your experiencing is from the "cold" front that came through the Panhandle and pushed Ian East offshore and saved North Florida. Panama City lost 30k residents after Hurricane Michael, affordable housing took a huge hit because of lack of availability. Rents skyrocketed. Several schools are still closed because there are not enough students to justify rebuilding. FEMA trailers were everywhere, but people could only stay in them for so long. Good luck finding brick masons and be wary of fly by night tree services.
    10
  8603. Love the Villages. I follow The Village Newcomers. Maybe do a video on Margaritaville In Daytona Retirement Community.
    10
  8604. I need to open a new bank account i was interested in discover although I jus need to know how i would make cash deposits into the account
    10
  8605. I would have maybe rented down in Florida a while and see where things went. Now these companies are changing their tune. And jobs in Florida pay garbage wages. Welcome to Florida
    10
  8606. Great work Michael. Most people don’t understand the concept of disinflation. Prices going higher, only at a slower pace.
    10
  8607. You're wrong..the economy is great 👍... it's so good that just this morning I stopped at a Big lots that just posted a huge banner out front that they are going out of business and having a liquidation sale..I got a couple sheet sets cheap...see I told you everything was great 👍..😂
    10
  8608. People actually complain about the background? The information is what's important.
    10
  8609. Security would be the last thing I would vote to cut. Tough years ahead and there will be social unrest.
    10
  8610. Hi michael hello from tempe az i have enjoyed your videos the past year , i like your walks around miami . my friend that worked at lennar home here in arizona just got laid off as a underwriter, it was a good paying job i wish her luck finding something new .
    10
  8611. We decided we’re going to rent in NE Florida after our house sells in WI. Listing it in two weeks. I figure if the market declines by 10% or more, the rent we paid will be less than price depreciation of the homes in the same area. The rents are already crashing there and seeing price drops of 30% and more.
    10
  8612. Some service companies are pulling out of downtown Miami and south beach . They can't find technicians and nobody is moving there they can't afford rent there and buy is impossible in Being priced out is a reality .
    10
  8613. I worked 17 years restoring the exterior of buildings … many people don't know but if you live near the sea you need to do a complete restoration every 5 years and that doesn't pay the association or the homeowner insurance that is paid through a loan that the building makes with a bank and apartment owners have to pay for years... apartment owners usually hate construction companies for the high cost of renovations... I worked in a building near your house just off 71st street called king cole and we started swapping the balcony railins for an aluminum model and in the middle of the work they changed to aluminum and glass as a result of all this they paid 2x more
    10
  8614. We live in Orlando, FL and have saved 30k for a down payment. It is so unaffordable right now, 30k will literally not get us anything. We are lucky to be rent controlled in our apartment right now at about 1k, but at this point, we’re beginning to feel like owning a home will be impossible for us.
    10
  8615. I bought my first VCR in the 80s on layaway. I was so proud of myself. 😊
    10
  8616.  @MichaelBordenaro  it is. I used a calculation tool on the internet when I made the move a few years ago.
    10
  8617. Planning on moving to Florida in a few years from Missouri and, my budget would probably be under 200k. The idea of living near a beach for these prices is very exciting to me!! I like hearing from a native Floridian that actually knows which areas are good. Thanks for the great content😃😃
    10
  8618. Good show. I hope and pray this new party will have better options and not be in the pocket of big pharma.
    10
  8619. Really glad you mentioned people going into debt to have an expensive wedding. I can't believe people put many thousands into a big wedding when they could put that towards paying towards a home. Only the rich and famous used to be able to throw a big expensive wedding, but now an average person may feel they should do it too.
    10
  8620. Michael, The properties that you were showing that are multi million dollar properties are nothing more than just a little raised ranch style homes or bungalows . I wouldn’t pay more than 500,000 for one. Multimillion dollar homes to me have over 10,000 ft.² , acres of land with luxury accommodations inside. What am I missing here for the prices to be that highly assessed ?
    10
  8621. I hate when old heads say raise rates. They had it good for so long. Cheap everything now when everything is harder and expensive raise rates wtf!?
    10
  8622. What about mass layoffs, over 10 million so far .
    10
  8623. Michael when will you be announcing your 2024 presidential run?
    10
  8624. Great tour Michael! I enjoyed being able to see such a large section of Miami Beach from south to north. Your commentary, as always, is very helpful for a soon to be resident of Miami. I still love the walking tours but driving gives you a new perspective. It’s all good!
    10
  8625. I worked at GM for 14 years and 31 in construction. It's all cyclical.
    10
  8626. Yes please on the water tour. I love Miami canals and water views
    10
  8627. HI Michael well said, that is where people do not understand real estate. They all forget about fees, Commissions, etc. that must be deducted from the sale price of the property. They also forget that they have been paying interest for years which is not profit.
    10
  8628. Wiw…compassion for the low income people. Thank you Michael.
    10
  8629. Is the cost really any different than repairing your house when things start falling apart and wearing out? It's the cost of ownership.
    10
  8630. Kelly Stamps has literally moved states so many times over the last few years. Hahah
    10
  8631. 2800 vs a 1400 rental? No brainer. The retiree made the smart move. Renters who pay the 3k to 6k rents here in south florida for non-ocean front long term rentals stun me. On season beach pricing all year round for non-beach condos... Who really pays that much for a long term rental?? Could I? Yep and a lot more. Would I ever? No way!
    10
  8632. When I sold my first home and was told the fee was 6% I thought WTAF are you doing to get 6% of the sale of my home, you literally put it on the internet and someone showed up and looked at it and said I want to make an offer, oh and you took some pictures for the internet so they could see what it looked like🤣🤣🤣 Has anyone noticed how real estate agents drive expensive cars🤔 now we know how that was possible.
    10
  8633. Thankful for all the amenities and beautiful spaces we have here. I'm 42 and my husband and I own a courtyard villa 9 minutes from both Lake Sumter Landing and Spanish Springs! Thanks for visiting!
    10
  8634. Yes Michael, now be great if you do a show of one of those boats, I have not step foot in Miami since 1987. I want to see how much it changed😊
    10
  8635. I totally agree with you. Before my family and I moved out from the north we have Florida as our first option but after we research we concluded that wasn't good for us 😕 housing is expensive and not worthy also HOA is ridiculous. Jobs pay rate is bad, bad! The only real PRO is the weather. So, after all we decided to move to Texas it's been 3years now and I have to tell you was the best decision ever 🤠.....( weather isn't bad)
    10
  8636. A lot of these folks were buying homes right in the middle of residential neighborhoods. These homes would become party houses thereby pissing of the other residents. Hence Vegas reducing there short term rentals from 4% to 1%.
    10
  8637. I'm going to build a snowman right now and put a tank top on it and I'll name it Michael
    10
  8638. Seaside is Southern money visitors who wouldnt be caught dead in Miami lol. Enjoy your videos!
    10
  8639. Sustainable home prices must jive with the local salary. So, unless there is another force that keeps inflating it (such as foreign buyers, corporate buyers, extreme low mortgage interests, etc), prices will ALWAYS fall back to local salary levels.
    10
  8640. Glad I’m dept free.. did all the updates 5 years ago ..
    10
  8641. If you’re a home builder selling 17,000 homes, the purchase price matters very much. Mostly because if housing falls too much, too fast, they will get a margin call on their debt. If you own one house, it might not matter as much.
    10
  8642. It’s kinda crazy you can legally pay people less than the cost of living and expect them not to do something illegal. Just sayin’, premeditated crime isn’t always premeditated by the individual sometimes it’s how it’s setup. 100 million homes doesn’t mean everyone gets one.
    10
  8643. I appreciate these stories Michael. Not many will tell it like you do. Thank you for the great content!💞
    10
  8644. I have a friend who lost EVERYTHING in the hurricane. She just moved from the Midwest a couple months ago because she lost her condo in the Floods during the summer. Is there any areas in Miami that you can recommend that's a bit more affordable? Not super close to the water. I am asking because I would like to help out and look around. Or make calls. Just need a good idea as to where to start.
    10
  8645. As a lifetime resident , I would suggest staying away from any of the large cities.
    10
  8646. I don't mind that you repeat things. I appreciate it very much. What you're teaching is not my area of expertise. You are trying to save us with knowledge. Thank you Michael 💙
    10
  8647. Home prices have remained strong in my area. Zillow reduces what they consider current values to be but list prices in my zip keep climbing much higher then their Zestimate.
    10
  8648. Thank you for bringing us the truth of what's really happening Michael, unlike our so-called government.
    10
  8649. a smart investor would be better off selling their rental property and invest the proceeds in US T-Bills and collect 5.39% per year. Rentals are a headache.
    10
  8650. Everyone thinks they have a Taj Mahal
    10
  8651. Everyone's asking the same question as you in some form: where is all the money going? Answer: down the government-induced, rathole of inflation.
    10
  8652. 'Save our Homes' is an amendment to the Florida constitution that took effect in 1995. It limits the annual increase in the assessed value of homesteaded properties to 3% or the change in the National Consumer Price Index (CPI), whichever is less. See annual CPI listing at bottom of page.
    10
  8653. I think LOCAL governments should limit the number or percentage of homes in a given locale able to be bought by investors, in totality, the same way that some HOAs have a cap in their neighborhoods of homes like that. I looked at one condo development and they had a 25% cap on non owner-occupied purchases, if I remember right. I also think there should be a similar cap to out-of-state or country investors, or even an outright ban. I own a few rentals, and all within a day's drive, and I've lived in all of them at one time or another.
    10
  8654. Hey Michael. We didn't get hit hard it was Panama City that got the worst of Hurricane Michael some of my friends still have not been able rebuild or get back into they're homes. The Motor cycle event is Thunder Beach it only happens 2 weeks a year. Alot of those people you call "Florida Man" are not Floridian's they are tourists from places like Tennessee, Alabama, Georgia etc..
    10
  8655. The government will not even divulge as to how bad the economy really is. Even when 70% of Americans are hurting financially. The Gov't surveys are not worth wiping your butt with !!
    10
  8656. I have used ledger sheets for years to outline my monthly expenditures. You can see where all your money is going. It has worked out great. I do not believe in using online worksheets to keep my personal information. I have a notebook with my ledger sheets going back over two decades.
    10
  8657. That's why I love my job driving trucks if there's roads I can live there.
    10
  8658. House paid for. Cars paid for. When times were good i stored away like a squirrel. So all the shit happening is just funny 😂
    10
  8659. The construction and leaf blowers never end in my neighborhood. I am selling my home and, yes, moving out! My two HOAs have doubled over the last year.
    10
  8660. I’ve got to say that I’m pretty sure that one of the main reasons I love your channel is because of your Honesty. Plus you always have great content. Blessings, Carlos ✝️🙏❤️😊❗️
    10
  8661. We are deep into the recession.
    10
  8662. Wow, that $1600 is a huge monthly fee for keeping the building safe and the pool clean, and whatever else. I guess if you calculate a return on that payment, it is worth it. For me, it would be impossible because I already went through it in my state. Bought a super over-priced condo with a high fee, thinking "this will be worth it, there will be nice people, maybe some community acceptance, who knows, maybe even access to the opposite sex". Nope. I would have been better off renting that unit and making the community invest in me. It was a crippling mistake of spending, that really nobody can afford to make because the healing takes a lifetime if you can't sell. Lesson, don't buy anything on "intangible expectations". Don't buy bling in your life, thinking there is a reward for overpayment, that somebody will "have your back". The risk is too high. A friend at the time who had a nice single family home said "I own to live", and he could probably have sold if he wasn't happy in it. Thanks.
    10
  8663. I might just stay put in Oregon even though it's completely woke corrupted.
    10
  8664. Well said, I think we all need a paradigm shift and recognize the “big guys” and institutions really don’t know what they’re doing. Time and time again, the ones who are too big to fail, get in over their heads. Unfortunately they dip out with their cash and everyone else suffers the consequences. If there ever was a time to be out of debt and heavy on cash and savings, this is it.
    10
  8665. OMG! Pure fire. Well played on the crispy audio.
    10
  8666. Everyone is hustling someone else.
    10
  8667. My father always said to me, "if you cannot buy cash", do not buy it, and I have done that since I was able to purchase my first home in Santa Monica CA in the 80's cash. I worked extremely hard, since I have not looked back and never been broke even after 2 divorces.
    10
  8668. In general, a condo has more amenities.
    10
  8669. Hi Michael! You have so many gifts! I enjoy your podcasts so much! You are so smart and spot on about everything! Thank you!
    10
  8670. Press the like before the video starts!
    10
  8671. If the Fed raises rates further, it may need to bail out a lot more banks, which may require emergency actions, which could undermine the entire tightening cycle by requiring immediate cuts and bailouts, QE, etc. It's like walking a tightrope, or some kind of extreme balancing act. Try to tighten just enough to slow inflation, but not so much it causes deflation, because that would result in a credit crisis like 2008.
    10
  8672. It's interesting how all of a sudden these economic reports blame the cold winter. It has been an extremely mild winter this year. Nat gas prices have basically bottomed and no one needs the abundance of energy this winter to heat their homes compared to past winters.
    10
  8673. It’s great that you explored Tallahassee Florida I hope you enjoyed
    10
  8674. Rich keep getting richer ,and the poor keep getting poorer
    10
  8675. If you bought the home at one price and it’s taxed as a million dollar home that may affect affordability.
    10
  8676. Thank you for the video Michael. I appreciate you sir. ❤❤😊😊😊
    10
  8677. my two real estate doomers in one video. perfect
    10
  8678. No Michael, it’s a price “improvement” lol. Btw we priced our home right in SE WI two weeks ago and had 9 offers over asking in one weekend. Our Agent is a stud and pulled out all the marketing stop, amazing photos, video, delayed status, open house day of going live, and we funneled 50 buyers ol through it in one weekend.
    10
  8679. My God, please help these families
    10
  8680. I think a big part of the problem is so many of these apartments are owned by companies and not individuals. So underwriting isn’t a negotiation, it’s a yes or no and screw you, you don’t ever talk to the landlord or owner!
    10
  8681. Why buy insurance if not to cover disasters?
    10
  8682. YUP i like looking at unfurnished places not interested in other people junk
    10
  8683. I wish they would value my property in zero and tax me accordingly
    10
  8684. As to investing in RE , my Sales Manager gave me this advice: Before buying investment property ask 2 questions. If the economy goes south and y ou lose your tenants 1. you still carry the mortgage and the mortgage /rent on your primary? 2.can you move into that investment property and carry it until things pick up? If the answer is “No” then you can’t or should not buy investment
    10
  8685. My mother did a reverse mortgage on her home and has reached her principal limit. Now my oldest sister watches over all her finances because my mother has never really been a financially responsible person.
    10
  8686. I canceled my landscaping service, house cleaner, no more restaurants, and even got rid of my beloved sugar baby who was costing me a fortune! I'm preparing for the storm. Timmy C 😉
    10
  8687. 6:10 Michael hit it right on point with that. People are so afraid of taking that risk and opportunity. Instead, they just keep complaining about their current situation. Truthfully, nobody can't be stuck in a dead end street. Only that person chooses to do that. Right now, I'm in the middle of apartment hunting in the Orlando, Kissimmee, Sarasota, Tampa, and other gorgeous areas of Florida. There's alot of offerings out there in the world. Maybe, in my opinion, the reason are afraid to take that chance Maybe because of being alone?. That's just my guess.
    10
  8688. Born and raised in Florida there’s no other place I’d live. Now, there are some parts of Florida I would not live in like Miami!! Living in upper North Florida is a lot calmer if that’s what you like. Nothing like always having the sunshine and beaches.
    10
  8689. I remember when I visited Miami Beach a crack down on homelessness started because a homeless person that was under the boardwalk lit a fire to stay warm and set the boardwalk on fire
    10
  8690. When I buy organic heirloom survival garden seeds sets on eBay I sleep better knowing I won’t have to eat zebugs 🐛! …
    10
  8691. Michael you are such a likable guy all of your videos are good
    10
  8692. Keep it up Michael pretty soon you will be able to afford a house with your channels success
    10
  8693. The only cure for high prices are high prices.
    10
  8694. My goal is when I get my house paid off is to get into a position to self insure. Then when a hurricane comes utilize a low interest loan from the SBA.
    10
  8695. The house to be rented for $15,000 if it was $25,000 I would go for it, but $15,000 is too cheap for me 😂
    10
  8696. What I don't understand is why can't we have a petition to do away with property taxes.
    10
  8697. I heard the only people who can afford to to live in south Florida were coke dealers
    10
  8698. YES! I did move to the midwest (Riverside County CA to DFW). Not to save money. For a better quality of life! Better people. Also you get sooooo much more value here in TX compared to CA. I got a mansion compared to what I had in CA.
    10
  8699. I talked to my friend who moved to Florida 6-7 years ago. From California. And I tell him everything you have mentioned Insurance, HOAs,roofing repairs etc. He doesn't care. The 15% he's saving on state income tax.-California- More than offsets higher fees. Just a point. California is Squeezeing Tax Payers out. Rich & Middle class tax Payers can't afford to stay.
    10
  8700. Great commentary on an issue that effects a huge portion of the population. The low interest rates plus pandemic-created shortage of new builds has created a bidders war that has undoubtedly seen a large number of people overpaying in order to acquire the American dream. That’s not sustainable and will have a fallout in the years to come. The whole context has caused me to reconsider my plan to purchase when I return to Florida next year (when my tourist visa here runs out and I’m required to exit The Philippines). I don’t join bidding wars and have little interest in buying at or near the top of an artificially inflated market. I, for one, will be watching this situation closely to see how it plays out.
    10
  8701. No gas shortage here in South Carolina. At least they aren't hoarding toilet paper, yet. My insurance rate was 640 dollars this year. Better to pay off the house and self insure in Florida,.specially if you are inland.
    10
  8702. I never liked AIRBNB, they have unreasonable cleaning fees and taxes not to mention ridiculous rules Agree with you, I'd rather stay at a hotel, in and out Hope AIRBNB GOES BROKE
    10
  8703. Refrigerator going bad could be a big expense for a lot of people. A new basic fridge can be 1500 to 2500 dollars.
    10
  8704. Just saw my first foad sign (27 September), "WE Buy Pre-Foreclosure Houses" here in St Louis MO
    10
  8705. Real estate investor here. We've been passing on deals left and right. Even where numbers "sort of" work....there is too much risk and unknown right now. I would rather stockpile cash and wait
    10
  8706. You're 100% in touch with reality!
    10
  8707.  @MichaelBordenaro  good question. We usually try to work it out for several months and then they leave or are asked to leave.
    10
  8708. I like your approach👌🏼
    10
  8709. Where I live the Walmart stores are all self checkout on a regular basis people will just scan and bag their items and walk out the door without paying apparently there's nothing anyone can do about it
    10
  8710. ​ @MichaelBordenaro  Spot on. They're complete hypocrites.
    10
  8711. Expensive. Homes. And. People. In. Those. Homes. Just. Thinking. About. Money. No. Kid's. Playing. No. Music. No. Outdoor. Events. Must. Be. Sad to. Live. In. A. Beautiful. Home.
    10
  8712. You are spot on Michael. Keep it Real 👍🤗
    10
  8713. Given 7.6T of US Treasuries need to be rolled over in 2024, then in order to not send rates into the stratosphere, they'll have to allow quite an amount to simply mature with cash remitted to the holder. That means ALOT of additional cash and a lot seeking a home. Inflation will increase and so will certain asset classes. Its going to be the mother of all QE that cannot be avoided. Its a runaway monetary policy train.
    10
  8714. I remember reading and seeing videos online that people were buying bigger homes because they were working at home during the pandemic (needing more space...they said). I wonder how they are doing today.
    10
  8715. Interesting to see this neighborhood. It's nice that they are single level. However, it wouldn't be a place for me to live with cars parked on the lawn and no fences separating properties. All I see is people letting their 3 dogs out every morning and evening to roam and do as they please and finding piles of dog poop. For others, who have 3 dogs and prefer no rules about living this might be a good option for them.
    10
  8716. The housing market in Florida and everywhere else has Started to crash. We haven't seen the levels of price cuts that we are seeing since 2009. We have more inventory each month and many recent buyers already have remorse and are listing their homes on the market. New construction is coming out everywhere and lots of people have to sell and return to their states due to no more remote work in their company. No more demand as rates keep rising. It's over and nobody knows how low prices will drop but I believe we will return to 2014 prices at a minimum. Good day.
    10
  8717. To James Michael & Michael James, This is our favorite Michael Bordenaro upload thus far, which is saying alot, as you Michael have shared with us some amazing footage. How blessed you are to have parents that are always there for you. I was raised in a family of seven, in Carlinville, Illinois (Pop. 5,600). We five kids were all shoved out of the nest at 16 or before and we were all on our own. I was in tears (with your "FATHER") just seeing the two of you together on that sofa and hearing his still loving, encouraging, supportive words. Huge KUDOS to your "Pops" for always being there for you and your siblings and for being a "real man" and "father" to the children he brought into this world. God bless your family Michael and thank you for sharing such a warm, loving and inspiring Michael Bordenaro episode. Awesome. oO( ❤ )Oo Ps. BTW, your dad and I are the same age.
    10
  8718. We also seem to dodge hurricanes in this area. It’s a bit boring at night. After 7 no cars on the road. Very quit and nice place to live.
    10
  8719. Some of these houses look like the kind of houses that would be used in the movie Scarface from the early '80s, with Al Pacino. 😂🌭🤡🥩😆🤓
    10
  8720. This is just like the "liar loans" of the early 2000s.
    10
  8721. Awhhh. Your dad certainly loves you. He seems choked up. Its so hard for parents to have kids that move away. My daughter moved to NC and me and my son live in Maine. Her plan is to move back to Maine with her fiancé. I never put any pressure at all on my daughter, I have always wanted her to follow her heart. Ironically it appears her heart brings her back to our state. God bless you, I can tell you have a close family💕💕
    10
  8722. the haters are the agents that can't sell 😭😭😭
    10
  8723. Boy this has been the sole topic of conversation for me for the past couple of days. Bought some gold recently. Will buy more physical gold soon (coins), and gonna buy some US Treasury bonds. Just shared this video with a friend. Thanks, Michael!
    10
  8724. Hi Michael as always great content. Not only is been greedy is border line unethical from the agent / broker to do that. As for Zilow they are the biggest liars in the industry. I personally never have nor ever will use Zillow as a price base at all. Thank god dreaming is free for all this people trying to sale houses at completely unrealistic prices, and who ever buys them, good luck to them. Michael you are right. I sold all my properties in Miami, I only have one left which I have no loan on it, Paid cash and living in it till I sale it. Then moving out of Miami. I would never pay HOA's I prefer put that money Thurs a mortgage payment, I just turn 65 by the way and for relaxation I do my own gardening.
    10
  8725. Would you please drive by the trailer park I would like to see it if that's OK
    10
  8726. In my market over the past 14 days. There has been over 40 homes with price reductions. The average price reduction has been $12k...
    10
  8727. I have been saying exactly that for a year now. With the eviction moratorium and foreclosure moratorium, two people kept separate homes because they were living for free. Now that evictions are happening, those two people are moving in together to save money, and now we do not have a housing shortage. We actually have a housing crisis - too many homes.
    10
  8728. Once student loan deferment ends later this year and people become delinquent we'll see things start to slide off rapidly
    10
  8729. In NJ rent prices are still going up. Friend just got a letter yesterday from her landlord .. rent went up $175 a month and was forced into a month to month. Other friend had to move last august because her rent went up $150 a month and these builders are building huge luxury apt sites everywhere I go. Everywhere. Rent prices here are off the charts.
    10
  8730. Thanks Michael, I always enjoy your information that has proven to be spot on…
    10
  8731. Some nice quiet looking neighborhoods in this video. Good choice Michael. Kinda funny seeing Christmas things on peoples front lawns when it looks like summer time!
    10
  8732. Dude come to Atlanta it's 45 degrees 2 weeks ago it was 75
    10
  8733. I just got back home to Palm Springs CA from visiting my parents in Winter Haven, FL. The traffic gave me so much anxiety. It would take 30-45 minutes to get anyplace within a few mile radius of their home. It was terrible!
    10
  8734. Why cut rates? They have been artificially low for over twenty years.
    10
  8735. I registered on a real estate web site so I could start tracking 4 plex income properties prices. Had a real estate agent call me immediately and set up a face to face meeting that day. When I showed up she immediately started trying to get my info for a lender and showing me properties she thought were optimum opportunities. I laughed inside and began telling her my strategies for buying after the bottom of the housing market, not right now in the middle of a multi-family boom. How I sold all my stocks and crypto in December and was all cash waiting for deals to come in a year or two. Needless to say, she couldn't get me out of her office fast enough. 😂
    10
  8736. A lot of buyer’s remorse down the road. My sister just bought a house in West Pembroke Pines. The house sold 2018 for $310K she paid in 2021 $650K. That house realistically is no more than $450K.
    10
  8737. Pay your bills
    10
  8738. Gee, I wonder how much money the Oregon Public Utility Commission people were paid under the table by the purveyors of utilities?
    10
  8739. The Florida Gators are in Gainesville. This weekend they will be in Jacksonville fighting some bulldogs from Georgia.
    10
  8740. They want to control one’s life. That’s scary nowday 😢
    10
  8741. The senior citizens I know fall into 2 categories: 1) They have ample funds and live well beneath their means. 2) (you guessed it) They have no savings to speak of and spend all their fixed income on travel and dining out. smh, maybe #2 is the key to a happy retirement.
    10
  8742. 3/4 of my family have been enjoying the golden age of retirement for over twenty year's. And they are very well off. Owned homes, pension, annuities, social security etc. My generation might be the last of the golden retirement in America? Goodluck everyone!
    10
  8743. I enjoy watching Jerry and Linda's weekly vlogs, have you heard of them?
    10
  8744. Thanks for the data and great content Michael!
    10
  8745. My daughter & I went to Bowman’s Beach in July this year during our stay in Ft Myers Beach & we loved it & didn’t have to pay for parking that day, which was a great bonus to us as well as a few beach goers that were parking at the same time. If you love shell hunting, Sanibel is the place, although we found some cool shells at Ft Myers beach as well.
    10
  8746. Comment for comment sake.
    10
  8747. Is telling a condo owner they are illegally holding out from taking a buyout offer fraud? When the owner is in no way doing anything illegal. Or at least an attempt to commit fraud? I would think anyone in that kind of situation with documents to back it up would have a major law suit they could go after.
    10
  8748.  @MichaelBordenaro  yes, they had cameras pointed down both sides of the house. I was told we'd be escorted off property if it happened again. (My young niece had crossed the line by mistake)
    10
  8749. Tell your viewers to use their nose when they walk in, if it smells, don’t buy it…
    10
  8750. Since the Corona started, the traffic has been cut about 25% overall. It’s been a nice commute to work. I live and work in Fort Lauderdale.
    10
  8751. That is a beautiful community you are walking through! Love you making videos in other states and their communities. You are rocking it, Michael!
    10
  8752. That's provided Ivy Homes stays solvent. Those outrageous RE prices tell me john Williams, George Gammon, Nick Gerli, and you are right: we are going to see a massive correction.
    10
  8753. Michael You mention your wife often and how you have been successful together. I highly respect you for mentioning this Happy Birthday to your awesome Wife!!
    10
  8754. Tiny homes are great, but towns don't want them.
    10
  8755. Yup. Oklahoma has tornado 🌪️ row. One friend from college had her homes destroyed 3 times from different twisters.
    10
  8756. 100% agree I bought a 3 bedroom 2.5 bathroom townhouse in 1988 for 99k in the Maryland suburbs of Washington DC and rented out the 2 bedrooms. Next house will be a moderate size single family house. Have been 100% Debt Free since July 1st. Saving as much as possible.
    10
  8757. I was looking at a foreclosure in Winter Garden, FL the other day. Its in auction phase, but it took over 7 years, since the first Lis Pendens got issued. 7 years of no mortgage payment or rent.
    10
  8758. I live in Burlington WI and this looks just like my town square. Very neat.
    10
  8759. I never use cash but I’m switching over to cash. We will lose all of our freedom if our government gets away with it.
    10
  8760. WOW! My assessed value in Maricopa county, Arizona last year was $1,157,700 with taxes of $7,376.44.
    10
  8761. I suggest all Floridians get a quote from "Florida Farm Bureau" they are not the same company as Farmers. I have used them for 30 years and rates are always great.
    10
  8762. Def do NOT want a big house. Cost to heat, taxes, clean, furnish - no thanks. Tiny homes and homes under 1k square feet need to be the future of home builders. Love watching your videos, thank you Michael.
    10
  8763. There is an IRS tax issue when people let their underwater home go and they suck money out with refinancing before they go belly up. I seem to recollect this was happening in California some years ago. The IRS was sending letters to those homeowners telling them that they had some hefty taxes and penalties to pay for their scheme.
    10
  8764. I love Floride State Parks. I have a State Park Pass for around $120 a year for family pass. I can get into any Floride State Park. I especially love the ones with beautiful beaches. Love four videos.
    10
  8765. The heat is unbearable!!! My goal is to get away from florida in the summers also!!!! I've thought of moving but I hate cold weather more than I hate hot weather.
    10
  8766. Once prices go down on these houses investors will swoop and buy up leaving blue collar buyers pushed out once again if they're not limited on how much they buy.💝 Thanks for sharing
    10
  8767. Man am learning a lot from your videos, thanks 👍🏼🙌
    10
  8768. With those 10K theyre just pushing people into buying and even into more debt. So if people get in a financial emergency and they dont have any savings theyre about to lose their Home. Well done Wells Fargo!
    10
  8769. The only one who can afford these cheesy overpriced houses is Taylor Swift ….
    10
  8770. Thank you for going to this small town. With you begin from Illinois living in a small town, I have a small as well very close to me and that is Evanston, Illinois. Even though Evanston is the first small town north of the Chicago, it is up scale with the big outstanding university Northwestern University being there.
    10
  8771. Michael, your comments are so spot on and wise! Your videos should be required watching for anyone considering a Florida move.
    10
  8772. We will now pay a huge price for kicking the can down the road the last 16 years. We are heading to a depression
    10
  8773. They won’t be able to pay because the rent is too damn high!
    10
  8774. I think people are blinded by how high the stock market is remaining and in turn their portfolios.
    10
  8775. That’s crazy I showed my 7 year old daughter the jumanji movie with robin Williams few weeks ago, she loved it it’s her favorite movie rn. May he rest in peace I loved all his movies growing up
    10
  8776. We rented in st. Pete for 2 years. Rat infestation that the owner/landlord knew about. Termites as well. Talked to multiple rodent professionals and they said they are seeing rats all over properties in St. Pete. Those 1950s/60s homes are susceptible and St. Pete is densely populated.
    10
  8777. You guys made a great point. The Fed was late to the party calling inflation transitory. Now to correct their HUGE mistake people need to loose their jobs and have financial struggles. Very sad.
    10
  8778. OMG! That house!! Ridiculous! What is the draw? Is it near the beach? What the heck? You really caught my attention on that. Think I’ll look for it. Now I have a mystery to hunt down. Great video. You are the voice of reason.
    10
  8779. Better not lose your job for an extended period, you need those 2 years of income tax returns. And you'd better be still employed when those rates drop. Getting a divorce at the wrong time could screw it up, too. There are so many things that could prevent a refinance should rates suddenly drop.
    10
  8780. Florida is being gentrified anything close to the water. In the 90's it was dirt cheap but not anymore. You need a real job or money to live there. I used to have neighbors that literally worked fast food and lived on the beach
    10
  8781. I dont feel too bad for this attorney. He will recover from the student loans. It was his decision to be lawyer no school is free.
    10
  8782. Not in Indiana. Homes there are going off market very quickly still.
    10
  8783. My wife and I have discussed the possibility of self-insuring our home. If my homeowners policy actually doubled, I think we’ll do it.
    10
  8784. Thanks for the informative video! Here's my short summary: - walkable (maybe aside from Midbeach and north of Northbeach - beautiful beaches (when they rake the seaweed) - free events (music concerts, free movie night in Soutbeach) - variety of neighborhoods: ocean living, in middle of nightlife, quiet places, cheap but near the beach etc. - free workout equipment in the parks - lots of dog parks; half the buildings allow pets - boardwalk - Miami Beach is 5-10F cooler than on the mainland thanks to the breeze - one of the safest areas of Miami, esp. during the riffraff-files holiday weekends - water everywhere: ocean, the Intercoastal, the bay - inspiring to live near million-dollar real estate, and possibility to meet the owners - people watching, esp. on Lincoln Road ("lots of interesting characters" :)
    10
  8785. Give me the hot Summer over the cold Winters here in the NorthEast! I can go jump in the pool or ocean I can still be outdoors! In the cold Winters, its dark by 4pm and you need to bundle up and where the heck are you going in the dark 30 degrees! Hate the Cold dark days
    10
  8786. Agree with you on this video 100%.
    10
  8787. Thank you for the clearing of the situation and for helping us Thank You!
    10
  8788. Michael keeps on rocking in the free world
    10
  8789. This story is a good reason to perhaps create an S corporation or LLC and put the property in the name of that corporation. Then loan the corporation some money using the house as collateral.
    10
  8790. Got Alberto out here plotting a heist lol, but Florida really is the best of a little bit of everything. Keep the videos coming...
    10
  8791. My wife’s boyfriend lost his job. Now I have to support him and his two kids, my wife and her 3 kids from a previous marriage. I hope they get inflation and the rates under control soon, I don’t know how I am going to be able to support all of them.
    10
  8792. 50% drops coming like you said bro, nobody has any money
    10
  8793. I’ll take the extreme heat over the extreme cold any day!
    10
  8794. I would never buy a house with an HOA fee.I have heard some horror stories 🤔 😳
    10
  8795. Same ideas with kids. Same thoughts. I'm dating someone with a child and it's kind of a pain quite frankly. It's fun at times but it definitely puts the biggest kink in an established nice lifestyle.
    10
  8796. Hi Michael, hi Lisi !!
    10
  8797. Thank you Michael and guest for pouring out your wisdom once again … and sharing the truth always… your like a watchman for the sheep in real-estate. Thanks again bless you and family 🙏
    10
  8798. Wow Michael. That's an incredible video with a great message. You do great work. I wish you all the best and success.
    10
  8799. The property taxes in the US are beyond crazy. How can people afford such taxes? $31K taxes for an average home???
    10
  8800. I remember looking at homes in Biscayne Gardens for under 100K on almost an acre lot. Thak 800K home comes with a nice 16K yearly ax payment, higher than the mortgage interest rate. We are in the biggest bubble in history and the pumpers think this is sustainable?
    10
  8801. San Francisco has become a human landfill. When working, I was TDY in The City for six weeks. Never again. Plus, all the shops and bars and restaurants are closed
    10
  8802. Such a nice video Michael. It's saturday evening, time is a little over 23:00 here in Sweden. I love Florida for special reasons, and listening to you talking, reminds me so much of myself how I think and what I find pleasant in life. So not only do I enjoy the scenery, I also enjoy listen to the things you say, thanks.
    10
  8803. I don't understand. Why would anyone rent a house for $25k-$35K a month? I mean if you can afford to pay that much in rent every month, then you can easily afford to just buy a house.
    10
  8804. I agree with your comment on retirement. Some people will refuse to accept this realty, I, for one like working, and learning new skills, good thing. Retirement will be a luxury, unless ....... I can get on y.t. do the shuffle dance with my dog, Rufus.😊😊
    10
  8805. Food prices back to the 1990s....LMFAOOOO. That made me bust out laughing.
    10
  8806. Too many things are unattractive with condos. Ownership seems too shared. Sounds like a ransom. I feel like you need to own the ground or it’s a shared ownership.
    10
  8807. I better start looking at Condos then..... Cutting grass and maintaining yards is not for me.
    10
  8808. I wanted to move to Florida, but I don’t want to get ripped off. Plus covid seems out of control there still.
    10
  8809. I'm currently in a position where I have to sell my house and move to south Florida. I thought my only option was to buy but your videos have convinced me I should rent for a year and stay flexible. I'll put the money I earn from selling into a high yield savings account and ride out this wave of uncertainty and hopefully buy a house next year at a much better price/interest rate. Thanks for your amazing insight!
    10
  8810. I want to go back to 3-5% growth, although I would lose a lot of equity, but I would buy a second home.
    10
  8811. I read that more people that are making 6 figures are living paycheck to paycheck and it shocked me, how is that possible unless you just don't know how to manage your money. It's sad, I can't think of another reason💸
    10
  8812. In a few years, might not even be able to find insurance except through the state - and thats 2-3 times private insurance. Who would want a home here if you can insure it?
    10
  8813. As a Brit watching this, don’t ever complain about paying 4 dollars for a gallon of gas, it’s around 7.80 usd here!
    10
  8814. Everyone’s insurance will go up…….they have to pay for hurricane payout . It doesn’t have to be your house that was damaged.
    10
  8815. What can possibly go wrong!?😂
    10
  8816. Good reality check for people who want to own homes. Also reality news for current owners. Good idea … get a boat.
    10
  8817. Mike. Looks like you are enjoying your holiday. We are reminded of the song, "Holiday Road" , that 1983 song by Lindsey Buckingham. The song that was used in Chevy Chases "vacation" as they drove across the country to Wally World. Enjoy your Wally World and nice weather. Cheers.
    10
  8818. This wouldn't matter if my wages kept up with inflation...but they aren't, so it does.
    10
  8819. I suspect housing prices across much of south Florida and all of the big cities in the state will fall fourty percent. Wages here in no way keep up with the cost of living let alone housing, would expect that Florida will also loose population if real estate markets across the reagon and nationally fall as many that have moved here will relocate to there home areas.
    10
  8820. It's already rolled out in Hudson, NY through pilot program.
    10
  8821. I've been waiting all day for updates.
    10
  8822. This whole WFH thing is being slightly overblown. WFH was always going to be a temporary thing, unless as Michael said previously, it's written into your work agreement / conditions. Each employer has their own reasons for asking people back ioto the workspace and I guess entitled to do so. If you are good at your job and have a range of skills then I like to use the expression " The front door isn't locked". Find another employer that will agree to your WFH request, get it writing and it's as simple as that.
    10
  8823. Was living in South Florida near Fort Lauderdale for 9 years. EVERYTHING you mention is so true! Worst most inconsiderate rude people and their horrible driving too. South Florida is way too crowded now. And ridiculously expensive, even the old crappy small homes, and tiny condos. This year I moved to Treasure Coast area. Much less crowded (for now), and much more affordable, and still great beaches and everything I need. Anything from West Palm Beach and south of there is way too expensive, over crowded and just gets nastier by the year.
    10
  8824. Michael, credit card debt and % is only bad when the monthly bill can't be paid in full. I've had FREE credit for 10+years due to paying this off in full every month....it all depends on how you handle your credit right?
    10
  8825. Prices need to go down 25-30% before they are affordable. 3% won't make any difference.
    10
  8826. How many have found once you have enough cash to buy anything you want you really don't care to buy it?
    10
  8827. How angry are people going to be at the media and the government when this goes down. They’re going to be mad as hell!
    10
  8828. Beware hurricane season. Might wipe out the only insurance company you have.
    10
  8829. Let me quote Scott...."You're right this recession is different!.....IT'S WORSE!"
    10
  8830. Our host makes an important point. When owners “bail,” the deficient costs must be absorbed by those remaining
    10
  8831. What a pretty woman she is
    10
  8832. Yes Flagler, Palm Coast, Ormond etc is all 55 and over.
    10
  8833. Yes was on top of it, medical issues....took about 10yrs to rebound...COVID didn't help!
    10
  8834. I rented a small apartment close to my work and walked to work and bicycled to a large grocery store. I retired early and moved to Thailand. No problems for the last 35 years after a divorce.
    10
  8835. Men don't want to take on the responsibility of a house and a family when mom will cook and clean and do the laundry for her. This is a very prominent situation in Europe and it is now move to America.
    10
  8836. Thank you, Michael! 😊
    10
  8837. This happened in San Francisco in the last 07/08 crisis, it was all over the city, some would take the deposits and first months rent money and give all 3 to 5 renters renters a key, same move in day, never saw the "landlord" again. BIG mess.
    10
  8838. This epidemic was definitely evident over Christmas. Just wait until the bills start rolling in 😳🤪
    10
  8839. #1 people in Miami are the rudest in the entire country. Also from IL
    10
  8840. Happy New Year Michael! Looking forward to a great year and to continue to enjoy your great discussions about real estate.
    10
  8841. I don't live in Florida or California or one of those States but I live in a manufactured home in a village. I have to prove to the village that I have insurance. I brought the declaration page up to the office and they were surprised. They said " I'm surprised they renewed you they're going out of business". Well I came home and got the insurance company on the phone. I explain to him what the village manager said. I asked them do I need to look for another company? I was told.. " if you don't get a letter of cancellation from us next year we're still carrying you." Between you me and the wall that doesn't give me a lot of time to shop for insurance if they do drop me. I don't want to be scrambling two weeks before my insurance is dropped. It's kind of a shell game at this point. I have to figure out starting February are they going to go out of business or not? I imagine what they're trying to do is find a company to buy them out. Then that new company buying my insurance on my insurance will probably go up.
    10
  8842. I live in CT been thinking about moving to florida are taxes and cost of living is high! I visited orange county and I love it out there. So many former ct residents and ny residents live in florida it seem like there are more out of staters who live there than native floridians. I plan on moving down there at the end of the year.
    10
  8843. Problem with pensions is they were forced to hold a large % in government debt. The debt went no bid in UK and interest rates shot up in an effort to get a bid on the debt. Govt had to step in and buy the debt in order to stop the rates from skyrocketing. People waking up to the fact that govt debt isn’t the risk free utopia they were promised. Rates were way to low for way to long and here we are, going the other way fast and it is getting a bit disorderly.
    10
  8844. Thank you for making sense in an otherwise fluffy narrative environment
    10
  8845. I hope it hits our area in east Tennessee soon. The dial isn't budging in the least as I've been looking to buy. We're in the Smokies and in 2018, you could get a cute 2BR cabin on maybe half an acre a few miles from town for about 150k or less. Same cabin 2022 is half a million. Airbnb investors put a lock on that ish when the govt Covid payouts hit. Wages are low here so there's no way to justify it. If you can't provide housing for the 95% that keep the town running, there's no town to run. The govt better do something soon. Don't point at either president. Neither has done crap. We have a shi*ty congress who won't get out of the way and stop the wealthy from bleeding the 99% dry. It's both parties and ALL players.
    10
  8846. I got one of those letters. Mine said the deadline was 10/5, however. And before I even got the letter, my insurance agent contacted me asking me how I would like to respond. I made the obvious choice and went with the citizens plan, that is 1/2 of their suggested alternative insurance company plan. after watching this video, I decided to check into the letter myself and logged in and did in fact see that the insurance agent made the choice of citizens in my behalf.
    10
  8847. So excited to move but scared to start a new life again 😢 in a place i don’t know anybody .
    10
  8848. Most flips: "Lipstick on a pig."
    10
  8849. Most areas 30 to 50% drops within 1 year. That is my prediction.
    10
  8850. On the buyers remorse, Many times buyers were pushed or mislead by their agent.
    10
  8851. Taxes. Florida has no state income tax, and just about everything seems cheaper than my home town of crime ridden Chicago.
    10
  8852. if i go to linked in i can find over 1000+ remote jobs and only 5 onsite jobs in my industry
    10
  8853. job growth is govt workers, govt workers are an expense/tax as most dont generate any income for the govt. this regime is also counting the 'part time jobs as job growth. at some point the people will get mad enough to physically go after the politicians---- remember to acquit those brave souls.
    10
  8854. The first thing you'll need to learn when you retire is 'how to do without'.
    10
  8855. Hi Michael. I finally made it to Florida for my Birthday. I Love Florida so much. I spent almost two weeks. Daytona Beach, to Juno Beach, West Palm Beach, and St Augustine. I will be a Floridian in a few years after retirement. I was there from June 1st through June 12th. I didn't want to leave. I really Loved Juno Beach. Thanks for all the Florida information it really helps.
    10
  8856. 5×120% equals 6. The price rose by 40%
    10
  8857. As crazy as it may sound to many, i wouldn't be surprised if we see more unexpected insane price drops in places we least expect. I don't think we've been told the entire picture of the true economy, thus no bottom is in sight yet. The clock is ticking on home owners who need to sell, and home builders are in it for business so they'll be the first to be very aggressive.
    10
  8858. The Savannah couple actually is the norm over the past 2.5 years. I’m totally in the same boat. Affordable starter homes are scooped up by investors or are way overpriced. Many people are migrating to sunbelt cities for its affordability. Well it’s not affordable for locals anymore.
    10
  8859. I've seen the housing swings happen a few times in my life, so this last time after my divorce, I knew we were in a lull, and housing prices were going to climb in the near future. I bought my current home in November 2019, and put 60% down on a canal waterfront home on the Gulf of Mexico. Now homes like mine are selling for almost three times as much, and while home values will go down, they historically never go down to the last lull. My first home I bought when interest rates were around 12%. My second, they were around 6%. Interest rates fluctuating wildly is nothing new.  Before I bought my first home, I shared a room in a house to keep my rent cheap, worked as much overtime as I could, and saved every penny. Splurging was getting a newspaper and eating three tacos from Taco Bell in bed on my only morning off.  My parents taught me never to buy a house where the payment is more than 25% of your take-home pay. So if you only bring home $1,500 a week, your payment should not be more than that. That's why you may need a bigger down payment which will take discipline and possibly more than one job on your part. PLUS, you should always have at least 3 months' worth of living expenses in your savings.  The problem is most people are not willing to sacrifice their lifestyle to save. You can get two jobs and a side hustle to save--like we did in the late 80s-90s. I advise putting more money down to make your home affordable even in a downturn or loss of a good job situation.
    10
  8860. I’m seeing a lot of price reductions in housing in the areas I have been monitoring. Saw none of this earlier this year or last year. Appears the dam is breaking???
    10
  8861. I like this house hunting format with a house and price, maybe a drive thru town traffic, nearby shopping, and the beach. But I'm not jumping out of my easy chair for a basic updated house, 1 car garage for $300k+, even though that's what the market is in most of FL.
    10
  8862. 2:00 I can't be the only person who noticed the lady behind you on the escalator with a kiddie stroller full of mall goods/products. Like seriously, you're pointing out how banks are losing money on mortgages and we've got tons of other red flags showing that our economy is just not doing well at all, and people are just outside spend spend spend spending their money like nothing's happening. I am so glad I listen to people like you Michael and Nick over at Reventure Consulting, people who aren't afraid to show data and tell us what's really happening in the US economy instead of just listening to idiots on the news tell me that the market's bottomed out and now's the time to buy a home.
    10
  8863. When I was visiting the UK last month I heard a show on BBC Radio 4 that was discussing this very thing. A lot of people being scammed in exactly the same way. And getting resolution on it when it's happened to you is very very difficult. Title lock is the only check you can do there too. Renting your home appears to be the way it happens with fake renters using their access to the property and mailbox to sell it out from underneath you.
    10
  8864. that HOA is taking advantage of people living there 😮
    10
  8865. 20 seconds into your show today you hit the nail on the head…now I’ll continue to watch 👍….but I just had to comment…right on Michael
    10
  8866. A local mortgage broker is suggesting that buyers consider house hacking. Rent out spare bedrooms. Amazing.
    10
  8867. Dear Mike, I'm the guy from Elgin. My great Aunt married a guy from Florida in 1910. She took us around the whole state. The Dunedin/Tarpon Springs area is real nice. Dunedin settled by the Scotch. They have a Highland Games every year and Tarpon Springs settled by Greek fisherman. They have outstanding Greek restaurants.
    10
  8868. Mike, Dude, you just solidified this subscriber man. You killed it with your straight up facts. “Im not ok with money just being given away…….. you’re the man keep it up brother. Today, it was like you were pulling all of the words out of my head man!!!!! Crazy times we live in, and i see it with own my eyes in the bay area of Ca……Thanks again!
    10
  8869. Soon as I saw that scary box at the intro of the video, I KNEW it was going to be obscene before you even said it LOL. No way I'd ever want that EVEN IF I HAD THE MONEY! That's absolutely bizzare for a 76 million dollar house. There are so much better properties with even better locations for significantly less. Totally bizzare.
    10
  8870. Great research and info. I agree with 95%. Some people are forced to move right now. Job relocation, death, health issues & natural disasters on the west coast are forcing people south and east.
    10
  8871. Love your views and info!!!
    10
  8872. We may not see a crash but the feeding frenzy may end . People wont be able to afford inflated home prices and rates. Thx!
    10
  8873. The digital license plate is so you can put the driver's number up when they are using their fraction of the car ownership. Welcome to the future. Just preparing for shared $200k cars.
    10
  8874. Michael,.....I know this is a real estate-based channel,..but,...just a quick thought. Many people (myself and my girlfriend included) have amazing lives without any of the drama of ever-increasing HOA fees and homeowners insurance,....greedy landlords,.....underwater mortgages,.....buyers remorse, etc, etc. We stay in our lane,..live in a reasonably priced area,.enjoy the simple things in life every day,....and then start it all over again the next day. The housing market hysteria has become too much of an obsession for too many.
    10
  8875. Terrific video, about homelessness, squatters, and the need to enforce the law.
    10
  8876. Instead of paying people higher wages, they tried getting cheaper products from outside the USA. Now we have cheap TVs, but people are making below survival wages. The outsourcing only put the worker like a Frog in a gradual pot of boiling water. Now; crappy wages and the gig is up on prices.
    10
  8877. Here in Florida, they are one of a few states where if your house is foreclosed upon and they sell it for less than what is owed, the CAN come after you for the difference. Not sure if they do or not.
    10
  8878. Hi mike , I’m glad you are being realistic about home prices! to many YouTube realtors getting people hyped up for a housing crash which won’t happen if we are being honest!
    10
  8879. If I wanted to live closer to restaurants I would live in NY. This place is perfect for me. No traffic, no spring breakers, the beach is empty, affordable, etc etc. Just an hour and half from Orlando International Airport. My gateway to Cancun and Cozumel (scuba divers paradise) for less than $300 round trip. Only 1.5 hours flight.
    10
  8880. Insurance is the greatest long term threat to housing. Voters limited property tax increases through legislation in many states. Tough to do that with private insurance.
    10
  8881. I need a sugar “builder” to pay my rent.
    10
  8882. If you buy, you also risk foreclosure when you lose your job and face any kind of financial turmoil. Unless you pay all in cash in which even rich people don't want to pay all cash for a house.
    10
  8883. Your videos are very informative and the views are so soothing. I always look forward to each post. 👍🏾
    10
  8884. Interest rates aren't "high". This where they should be...maybe even higher. They were so low for too long, everyone thinks "they're so high" now. That's how bubbles get created. We need to get real "price discovery" in all markets by popping all of these bubbles. There will be pain , but it has to happen. Nothing goes up and stays up forever. It's time to pay the bill folks. Party is over! Bring back the free-market and keep the government and fed out of it.
    10
  8885. Starting to see significant price drops in Volusia County...
    10
  8886. These damn Taxes!!! We pay so much but what we geht from them....... right nothing!
    10
  8887. I live in Texas, but I'm originally from the NY/NJ area. If I move to Florida, I would move to the West Coast. If I wanted to be around the people I left years ago, I would just go back there.
    10
  8888. Michael, back during 2008, Lee county Florida was ground zero for the housing market crash. Does everyone out there remember the rocket 🚀 docket. The court system was pushing forward home foreclosures at a record rate . I do. Yes it can happen again 😷
    10
  8889. Florida = DeSantis / Cali = Newsom. Moved to Fl from the midwest 1.5 yrs ago and love it down here. Fl is definitely a freedom state thanks to such a great Governor!
    10
  8890. Michael, you mentioned Case-Shiller index and even Robert Shiller himself stated a few days ago that if you can avoid buying a home right now, you should. He suggested waiting at least six months while prices continue to drop.
    10
  8891. Damn Florida is definitely much more affordable than I thought at least more than Cali 🤣🤣🤣 it gives me hope to relocate there in the future I wish my dream will come true one day 🙏🙏
    10
  8892. A buyers market is when the average guy can afford a house.
    10
  8893. You named like the worst 10 places to live lol
    10
  8894. For some reason whenever I watch your channel I expect an alligator to all of the sudden rush out and start chasing you. I hope you carry protection of some sort just in case. Thanks for the informative videos. 🏃 …. 🐊
    10
  8895. I am 23 and I am itching to move out of My hometown of Lansing, MI. I visited Florida and went to Miami for my birthday, stayed 9 days. It was amazing and wanted to go back ever since!
    10
  8896. Truth 🙌 Texas is a wonderful example of that, property taxes are outta control here.
    10
  8897. taxes and interest rates are out of control.
    10
  8898. Hate to say it but as an early investor in my late 20’s. I’m kinda hoping for these defaults and foreclosures.
    10
  8899. Good on the buyers! We all need to speak / vote with our wallets (whenever possible). I do believe that home inspections NEED to be performed for every dwelling. I would never consider making that large of a purchase without an inspection, no matter the financials, I would work it out.
    10
  8900. Insurance rates have been and will continue to be increased nationwide. Not limited to Florida
    10
  8901. Can you do a video showing apartments on South Beach with 1 and 2 bedrooms between 1200-2000 dollars and list their names for those of us trying to research places.
    10
  8902. It's all intentional to make workers quit.
    10
  8903. Imagine that, a government looking out for the best interest of its citizens rather than foreigners. PASS THE BILL!
    10
  8904. IF YOU USE A CREDIT CARD...PAY IT OFF EVERY MONTH...AS MUCH AS YOU CAN
    10
  8905. Came for the economic info, stayed for the fire sunglasses!
    10
  8906. People on low and fixed incomes are going to be forced to pay for insurance instead of needed repairs. You can buy a new roof for what you pay for insurance in just a couple years. What's it going to be, a new roof or new HVAC or new wiring or some peace of mind knowing you have insurance? Insurance company going to dump you for not doing repairs anyway, so you don't even get the peace of mind.
    10
  8907. What a beautiful state! Too bad they've wrecked it in so many ways. ;( Thank you Michael!
    10
  8908. Thank you Mike for the tips to avoid scammers.
    10
  8909. Thanks for all these videos you make. Im sure you're helping a lot of people with your knowledge of the game!
    10
  8910. Come on now. We all know that's a Miami Vice bad guy house.
    10
  8911. I was wondering if you were going to hit that story about the 175k fee. Holy crap
    10
  8912. There is a feeling the worst is behind us with some people. They have extra money & are not happy with the lack of stock market going up every day. It must be nice to not have a care in the world about what is going on around you. Those people are at the Casino's burning their cash.
    10
  8913. Florida is a very cool place to live and most people there love it, but there's no denying that FL has weird issues. I live there 6mos a year and I will forever, or at least until my house gets hurricane'd (100% self insured)
    10
  8914. 1 step ahead, 2 steps behind for a lot of us. It’s not sustainable. My town just raised water/sewer rates substantially. And they are to raise property and school taxes. Southern PA…..it’s depressing. I’m 67 and not sure how to hold on. I’m stretching everything I can already. I’ll never be able to retire.
    10
  8915. Investment companies and Private equity firms are buying houses in bulk and converting them into rentals, thereby reducing the available inventory of houses for sale, which greatly increases prices.
    10
  8916. I agree on the construction slowing down. I primarily do work on large distribution centers and Amazon Fullfillment Centers. We've gone from 10-15 new sites a year to 3-5 in the past year. Went from 12 employees to 4.
    10
  8917. Sounds like colorado
    10
  8918. I got a house in 2006. My rent is 490.00 month. I got lucky.
    10
  8919. We seldom eat out anymore. Quality, tips, etc is so bad.
    10
  8920. Do remember that there would still be ways around this law, if passed-- China and other countries would be putting up the funds, but the ownership would be technically listed in the name of a U.S. citizen or a "dummy" corporation.
    10
  8921. Interest rates go down very slowly. They go up substantially faster.
    10
  8922. Im Paying $2500 per month in Orlando and the price is down to $1950 as of today. I am tied into a lease sadly but Michael is spot on. There is also 3 times the rentals on the market than 8 months ago and my zip is one of the top 3 most expensive zips in the entire county. Imagine the less desirable zip codes
    10
  8923. I'm a widow and if I down-size I was thinking of renting a 1-bedroom versus buying a condo. I figure no taxes and no condo fees.
    10
  8924. The price should be lower than 2019 level cause the mortgage rates are doubled
    10
  8925. I agree with you. Buying with the idea to do luxury renting is the biggest mistake for the last two years, given what’s coming. In my country, apartments are the main home choice in capital city. Many newbie investors wanting to be land lords, bought expensive apartments and did luxury finish, only to find out no one wants to rent expensive when it means that rent prices is above monthly payment for mortgage. These guys are going to get burned.
    10
  8926. Now people here in Miami are going nuts lining up at the store because they think a hurricane is coming. BJ's near my home has a gas line down the street!
    10
  8927. Beautiful
    10
  8928. Good title. Everyone thinks they are so much better off because they are “making more money” but it comes at a massive cost in everyday goods, which actually you are making less.
    10
  8929. I'll see you on the next one....😊
    10
  8930. Digital currency is a dream-come-true for an out of control government & a nightmare for any citizen who wants freedom. Thanks for bringing up this important issue.
    10
  8931. So,Naples sounds like it would appeal to a retired person wh o was not a party animal.
    10
  8932. Hang on to what you've got in Florida, if you can! One of my cousins has a four acre property in Lutz, so she and her family are sitting pretty! Development all around them! I told her that if she decided to sell, she's sitting on a goldmine! Hopefully their flood insurance won't bankrupt them! They are hanging on, but it ain't easy!
    10
  8933. So many great points addressed! Thank you, Michael! Love your story about the archeological dig happening and what they are finding. I was an Anthropology major in college, way back in the day. I, too, find these stories fascinating and sacred. The current era of greed consumes all. Even those who came before us cannot get away from it. I can’t help but notice how noisy it is in the area where you began your walk. Looked like a seemingly quiet and very pricey neighborhood. You are always so patient!
    10
  8934. It don't pay to look at anyone elses life
    10
  8935. FL beaches all the way!
    10
  8936. $300K for a child is cheap; try 1M+ if you live in an expensive city and go the private school route.
    10
  8937. I recently read that after signing a mortgage, my note gets placed on the stock exchange. I am not sure I will ever get another mortgage or want to be a part of this system. Maybe just buy some land. "Mortgage-backed securities (MBS) are investment products similar to bonds. Each MBS consists of a bundle of home loans and other real estate debt bought from the banks that issued them. Investors in mortgage-backed securities receive periodic payments similar to bond coupon payments." "Essentially, the mortgage-backed security turns the bank into an intermediary between the homebuyer and the investment industry. A bank can grant mortgages to its customers and then sell them at a discount for inclusion in an MBS. The bank records the sale as a plus on its balance sheet and loses nothing if the homebuyer defaults sometime down the road."
    10
  8938. BANK CREDIT….. “The bank lends you umbrella when it’s sunny and takes it away when it begins to rain”.
    10
  8939. Man, all the homes in the areas im watching are selling right away, for high prices still.....pushing me to wait longer or not at all :(
    10
  8940. I love living in Florida, of course it has it's down sides like trying to work and commute in a state with so many retirees spring breakers and tourists, also people who are here for six months from other states can vote in elections on Florida issues that really don't affect them as much as they affect full time residents who make a living here year round. Despite the downsides i would not live anywhere else.
    10
  8941. yep laid off in October. Private sector very few jobs out there in the Dental field. Palm Beach County is saturated
    10
  8942. Homes are starting to fly again in my market here in St Louis MO. 24-48 hours and they are gone. This is just getting out of hand. I don’t think the genie is going back into the bottle…
    10
  8943. I made an offer on a house last week. Inspection came back with several major issues and I backed out. I had a rate locked at 6.62% with Chase. My current lease expires end of November. Talked to my landlord yesterday and he wants me stay for at least 6 months at my current rent. I guess I’ll see what spring brings.
    10
  8944. I'm so glad he called out Dave Ramsey. Back before Dave was trying to be the next Dr. Phil, he was a real estate agent, and that is obviously where his loyalties still lie---with the real estate/finance industries. I get so tired of hearing Dave say BUY! BUY! BUY! NOW! NOW! NOW!........No, now is not always the right time to buy a house. A house is like any other investment. Of course, there's a great time to buy, a not-so-good-time to buy, and a terrible time to buy. And now is NOT the time to buy. Thanks for your honesty, Michael.
    10
  8945. Hi Mike, You bring up a lot of good points as to why the housing market will eventually slow down in Florida and the country. It’s a waiting game. Are you able to wait it out? With the last major hurricane that hit the east coast, within 6 months prices dropped considerably. Also, like you mentioned, people don’t realize that prices at the grocery stores, gas stations and medical expenses are basically the same no matter where you are living. Hurricane insurance is extremely high. People want to live near the water. That will cost you! My advice is to buy west of I-95. Like you said, don’t give up. Things will get back to normal. Tom
    10
  8946. I don't understand who makes that kind of $ in FL for this stuff. FL companies generally pay very very poorly compared to their competitors in other states.
    10
  8947. Was just in Brickell last week from DC, moving to Miami in October can’t wait
    10
  8948. I’m in California and Florida is tops. I plan to sell and move. Been my dream since the mid 90s.
    10
  8949. Michael, love the "lumberjack look" ...actually, it's not the shirt, it's the man that makes the shirt look good! And you're looking good... (Just sayin') 🙂 Thanks for all you do!
    10
  8950. Here's what you do, say "Yes I'll be glad to come back," but live in your car for a few weeks until they fire you, and then collect unemployment. Genius, eh? I'm a translator and have worked 'remotely' long before the term even existed. Documents arrive via fax or as files, I translate them and send 'em back.
    10
  8951. Hi Mike: I really enjoy youe videos. I have been in the mortgage business for the last 30 years. FYI. All the mortgage lenders will do a flood cert before closing. If the property is in a flood zone, we will require flood insurance. The lender won't close the loan without a flood certificate.
    10
  8952. Agree we need to have proper documentation
    10
  8953. You nailed it. Even if you sell. Where are you gonna go ? My wife and i used to talk about selling and re-locating. We have pretty much given up on that idea.
    10
  8954. Isn’t if funny how we had an “inventory shortage “ in 2007? Same games different year… great 👍 info and good wisdom here buddy
    10
  8955. Meahael, just wanted to tell you that I think you are a good guy, with a heart to tell people the truth. I normally watch you on my TV not on my computer, so I logged on to tell you this. Keep up the good work, your worth watching. And your girl or wife is very sweet.Thank you
    10
  8956. The dynamic duo! 🔥🔥🔥
    10
  8957. You nailed it Michael this generation expects to have everything now. They don’t want to build and take the time to build up to to your dream home or job or whatever. You have to work hard in life and so much of the younger generation is just lazy I’m sorry to say.
    10
  8958. Common sense isn’t very common these days. LOL
    10
  8959. Theyve gone up 60 + % in my area in MA in just 3 years
    10
  8960. So basically everyone wants the small 2/1 homes built in the 50s, but new.
    10
  8961. Buying a house. I remember we here in Denver in the late 80s our housing market was in a free fall. So I waited and waited until I finally found a house for 46,000.00. At 8 percent interest my payment was 420. A month. So I will do the same this time. I will wait until the right time. I think this bubble just started to bust.
    10
  8962. On that rent versus ownership spreadsheet from Justin, the cost of renting was lower until you factor in the amount of equity you have after 30 years, which was over $900k. So the total cost of ownership in his example, for 30 years of living there, is only a couple hundred thousand dollars.
    10
  8963. Thank you for this video. I have been explaining to friend after friend how the banking system works and why these failures are happening. Not sure what it will take to wake them up and see te Fed as the source of the funny money that causes these problems? Later this year QE comes roaring back, what will happen with inflation?
    10
  8964. Yeah it’s crazy, I agree on all you said. I’m closing on my house tomorrow. 5 offers in 3 days. My urgency was to sell before the market was swamped with foreclosures thus bringing down the values.
    10
  8965. You don't get into a 3.5% mortgage to then sell within a few years Investors will just have to pivot and make those short-term rentals into long term rentals as you said.
    10
  8966. There is a reason why there is zoning rules. Hit my next door neighbor starting paving his back yard to park semi trucks with hazardous chemicals in the trailers. The city took the neighbor to court and the judge ordered him to return the land to its original state and he was fined heavy.
    10
  8967. You're right that Aldi has the best prices by far, but even their prices are shooting up. A bag of corn chips that cost 75 cents before the pandemic now costs $1.79. Just one example of many. We used to get out of the store for $60 a grocery cart. Last week we spent $150.
    10
  8968. Remote jobs are staying it's new normal now. As the matter of fact more jobs will be moved to remote mode.
    10
  8969. Bob Nardeli had a $240M golden parachute when he left Home Depot
    10
  8970. We live in San Francisco and the food here is SOOOO EXPENSIVE...when we go to LA, we feel like the food is delicious and very cheap....the price of the food is no cheap all over CA.
    10
  8971. Fast food gotta go. This is good it will allow small business to prosper locally. Demand for better quality. Its a win win all around.
    10
  8972. They say that the housing market moves slowly. I hold the opinion that it does not. Did it move slowly on the way up? No. Are we seeing signs of accelerated decline? Yes.
    10
  8973. What this economist said reminds me the "$1 million dollar Bitcoin" lies just before it tanked. Traders,etc always do this (put the opposite message out) in order to capitalize on it,to run the price up prior to the crash, etc
    10
  8974. Do a video on the RV market......lots of inventory not moving....
    10
  8975. In China there are so many vacant homes built and owned by investors so much so that you could fit in the whole populations of several european countries put together there. This is at the same time millions of average income earning chinese middle-class could not afford a decent home. And why is that. It's because in China people buy home as investment and like a herd mentality everyone tries to do the same. Chinese government encouraged that speculation initially because real estate is a large contributor of GDP. But the strategy backfired causing huge issues in the economy with housing shortage for common men and high unaffordability. So chinese government started taking action to kill this bubble and make housing affordable. The same parallel can be drawn here in united states. Fed encouraged the housing bubble with dangerous inflationary policies for a longer time than was required. This resulted not only housing bubble but also shortage same as we saw in China. Investors and speculators gobbled up homes like crazy denying chance for ordinary Americans and first time buyers. Now that fed realized it mistake like the Chinese government did and is taking the corrective steps like high interest, stopping the massive buying of MBS and reducing their balance sheet, the asset prices will come down and housing inventory will go up. Same thing is happening in China too. There is no shortage of homes in US. It's the result of crazy speculation.
    10
  8976. I should add that even though Tallahassee does nothing for me personally the weather there in Spring and Fall is ranked as the best for Florida in regards to least heat and humidity
    10
  8977. I always wondered why it was more expensive to sell. When you think about it, it's because in most cases when selling the asset appreciates and the seller looks at the profit where the buyer is working on the down payment. It was a really smart business model but I do agree that the seller shouldn't have to pay everything so this is good news imo.
    10
  8978. Thanks for another great video 👍😊 Deerfield Beach is a sweet spot. It would be cool to see you do a video of the best boardwalks of Florida as well as the best surf spots of Florida.
    10
  8979. Trying to sell a home in a buyer’s market is a horrible experience. We had buyers ask how many days is the house on the market? They use the number of days as a reason to make a low ball offer. We had open houses and buyers had the nerve to ask what was our bottom line. We had another buyer who wanted to bring a contractor in the house for 3 hours so they could look at it and wanted me out of the house. I can write a book on my experiences of being a home seller in a buyer’s market. We made improvements in the house and we had another buyer who wanted to see the permits for the improvements. We had buyers’ who used out bathrooms and did not flush the toilet. We had buyers who put their cigarette on the floor. We had buyers make such low ball offers.
    10
  8980. Happy Easter, Michael. We would probably just do traditional if we were going to sell. Currently we have no plans to sell and are just looking to buy. This house house is paid off.
    10
  8981. Flips in the ghetto LOL. Thanks for showing us a different part of Miami. I was beginning to think the only type of house in Miami were mansions. Thanks again for putting your life on the line.
    10
  8982. Considering Florida for my next place to live. I've been forced to leave San Diego. The cost of living here is outrageous. As of December 10, 2020, I pay $3K per month for my condo/apartment. Gas is currently over $3 per gallon most places as well. Don't get me started on the politics and gun laws in CA. Can't wait to leave and start a new life in FL. Thanks for the video :)
    10
  8983. Well, one thing for sure you don’t have to worry about section 8 in your neighborhood also growing up in Philadelphia across some public housingI understand a lot of the issues pertaining to section 8, and you need a much better vetting processf For the potential tenants and a willingness on their end to help with the upkeep of the properties. Also, I’ve known homeowners who are more than willing to rent to section 8, because you gotta guarantee income, and as far as your comment about the hassles of home inspection that should not be a problem because all your fixtures outlets flooring walls ceilings should be in compliance. Regardless, if there’s section 8 or not!
    10
  8984. I like your opening statement .. got right to the point! Right on.
    10
  8985. If this situation with retirement continues, Americans will have to leave the country in their 60's looking for more affordable cost of living and healthcare in more welcoming countries. I think this disgraceful treatment of people who worked hard throughout their lives to build this country into a superpower. We need to tax the rich enough to pay for Social Security and decent pensions. Billionaires won't miss the money, but others will have a much better life for it.
    10
  8986. Congrats on 200k Michael! You're on a rocket sled.
    10
  8987. Home insurance rates are going to cause massive foreclosures in Florida.
    10
  8988. To me the bottom line is most people are not making 35% more now than they were in 2020. What else can the housing market do but go down? The buyers for homes were fabricated by low interest rates, stock market gains, and stimi money. Those factors are gone. Yes there are some people that can still buy but there are far, far fewer. I don't know about a crash but return to 2020 prices seems correct to me. Even then there should be fewer buyers as rates are higher than they were prior to the pandemic.
    10
  8989. That original price is the price before any monthly/weekly/etc discounts. Most likely the owner prefers long stays and so put in a fairly large monthly discount. Mine is 30-35% depending on the time of year, because it reduces our cleaning costs and vacancy rate and the like to have a longer stay. It's not really reflective of me cutting prices, it's more like a general bulk discount. At my airbnb, my 'original' monthly price depending on the time of year can range from 5k to 15k, but I would never expect to pull in that much cash in a given month. That pricing just reflects the difference between the day rate and the monthly rate.
    10
  8990. Sellers were frightened in my area for a minute, now with the recent mortgage rates dip, they raised prices back up again. Example: House was purchased in 2020 for $140,000, listed 6/22/22 for $310,000, price cut 7/24/22 to $285,000, just went to $315,000. I'm working with a buyer's agent and she said that the widespread belief is that there won't be any further interest rate increases this year, and almost certainly a reduction in the first quarter of next year. We'll see if that plays out. It's going to take another 6-9 months before we can see a clear direction. A lot of people are clinging desperately to the market of the past two years as if it wasn't some freakish anomaly. It's like getting up every day and expecting a total solar eclipse, man.
    10
  8991. Love going up into the pan handle to make me feel like I'm back in north america. real trees. hills. shade. Great stuff.
    10
  8992. Miami is absolutely safe...of course the bigger cities will see more crime, but I've been there more than I remember and never felt unsafe no matter the time of night
    10
  8993. My condo inspection in Ohio missed the rotting showers and bad electric box and mold in basement
    10
  8994. FRIDAY GREETINGS MICHAEL AND LISSI 🌴🌄🌴
    10
  8995. Being a small landlord for cashflow purposes is a losing proposition. Damage, rental moratorium laws, failure to pay. Not worth it.
    10
  8996. The questions are on point man... well done
    10
  8997. "In a stand off between a seller and a buyer, whoever holds the money holds the key to victory" (My Sicilian Mother, 2020)....
    10
  8998. Exactly! Driving no car or an old car is better for the environment than electric.
    10
  8999. My house would burn down 10 minutes after I started self insured.
    10
  9000. Can you make a video analyzing Andrei Jikh’s bad real estate deal? House purchased for $1.3M for rental income and now siting empty for close to a year. His mortgage is around $5k a month.
    10
  9001. Higher rates are a good thing. Low rates are what caused the housing market problems. Heard FHA & Fannie Mae are requiring full replacement insurance coverage and they own most of the mortgages. Looks like Florida won't get that partial insurance coverage passed here with them Thanks Michael and Happy Wednesday!
    10
  9002. Very good points, as always. I would be curious about "co op", and how that works. Sometimes you see a lower price for co-op and think it could be a good deal. As for lifestyle, I have done 2 condos, but not in Florida so my experience may not apply. I can say, one I had for < $100k, 2/2, 1000 sq ft, luxury. Wish I never sold. Comparable rents were double my overall monthly outlay on that one. The other has crashed to 2/3 of what I paid for it. The monthly dues have gone up, and special assessments keep coming. Something universal, Florida or Virginia, I would advise; don't buy the people in a place. They may show you wine and cheese parties in the brochure. Don't bite. Get your friends some place else. It's too close for comfort, and people who should be your BFF, will hate you. Buy a place for the awesome parking spot for your Porsche, and the view of the ocean. Be invisible to the people who live there, because I guarantee you will wish you were.
    10
  9003. I could never live in Apartments, No privacy! I tried it and I hated it!
    10
  9004. Everyone financial situation varies. !!! I like my idea better, live within your means, just not above !!! Debt Free feels 100% better .
    10
  9005. Is there even a gas station!? 😂
    10
  9006. Don't expect most could afford the tree let alone the fancy house.
    10
  9007. Outside of FANG companies as someone in tech I am seeing lots of business still quire hiring remote workers for high skill specialized software work. If you look at the unemployment graph it spikes up and than down again. Companies are still having a hard time holding on to devs for 2+ years.
    10
  9008. Getting older is mandatory…growing up is optional.
    10
  9009. Don't be surprised if foreclosures from Fannie and Freddie are handed off to Vanguard, BlackRock, etc. at very cheap prices, with the average buyer not getting a chance to bid on them. Owners in foreclosure judgment states will be left with huge judgments against them, judgments that will be greater depending on how cheap a price F&F give investors, as the US intentionally drifts toward a rental only nation!
    10
  9010. Me watching this video while moving to Florida🤣. I'll see you in just 5 more hours🤣🤣🤣.
    10
  9011. It's all fake, the actual price is half of what is being advertised. build back better.
    10
  9012. Be careful in Richmond, as my grandpa was murdered in that city.
    10
  9013. E-cars are way heavier, thus more damaging when crashed. Multi-level parking garages may not bear the weight of all electrics parked in one facility. Fire departments are reluctant to answer battery fire calls in my hood...too hard to put out! 💦💥
    10
  9014. Congrats!! Sellers seem to not want to budge on prices and houses are starting to sit.
    10
  9015. (Before I start, apologies for a long comment no one will read) People ask "Why haven't home prices collapsed yet?" Three reasons: 1. The recession is just starting. We haven't seen job losses yet--but Target just posted a 90% decline in profits, with many other companies to follow. Companies will stop hiring and/or lay off people, especially after the 2022 Christmas shopping season. 2. The Fed promised to sell off its MBS (mortgage backed securities) but instead is BUYING them. The Fed actually added $8 billion in MBS over last month instead of selling the $17.5 billion they planned. Mortgage lenders set their rates when financial markets open, and then they monitor MBS prices all day (or they pay a service to do this and alert them to significant changes). When MBS prices drop, lenders raise interest rates, and when prices rise, they drop their rates. The Fed is propping up MBS prices and keeping rates from rising. 3. Many sellers are trying to wait this market out. I was negotiating for a house this past week and in the middle of negotiations, my broker informed me that the seller had decided to pull the listing "until he figures things out". Figuring things out = why he can't dictate terms and demand twice what he paid for the house in 2019. How can this be? Ignore all the real estate industry shills (rhymes with "Bamsey") who assure us that home prices are just going to go up. They said the same thing before 2008. The inexorable principle of housing prices is this: when housing prices become disconnected from wages, housing prices will eventually correct back to their true value. A home at the top of the bubble in 2007 that was $250,000 is $475,000 today, while the average income went from $55,000 to $63,000 in that same time period. When people tell you "this isn't 2008", reply: "No, it's a far bigger bubble, much worse" and the coming recession of 2023-25 will be worse than 2008-11.
    10
  9016. The Best things in Life, money can't Buy !.....Respectfully submitted, Lisi looked Beautiful in the " Golden Hour" shot....Another Fine Video.....Thank you..
    10
  9017. Michael is doing overtime for us!!
    10
  9018. Most of the houses i see for sale right now in florida are the homes that are high high high risk of flooding or ridiculous hoa
    10
  9019. This is a great video. Thank you. My wife was concerned with some of the crime stats she heard in Tampa. I had to remind her that we currently live in Metro Detroit and I never hear her saying we need to move out. If she is that worried about crime we should not be living here. Every bigger city has its good and bad parts but convincing her of that is almost impossible.
    10
  9020. I just came back from the future and read all the future articles written. Of course, I wasn't allowed to bring them back. What we have here is the beginning of the greatest wealth transfer in history. People can't afford these prices but they pay it. How they are doing it is mostly squandering their parents labor in the form of their inheritance and gifts. The very powerful colluded with the federal reserve to steal the wealth back and how they did it was first by very high inflation then by deflation. All that wealth went back to the rightful owners, the private banks of the reserve. We haven't seen the deflation yet; it comes, according to the articles, late 2024 early 2025.
    10
  9021. EXCELLENT video on a topic that's not talked about. Hope people learn from you. My motto is: I ALWAYS call directly - who I'm dealing with - and sadly, I don't trust typical "email" systems i.e., google, hot mail, yahoo, msn, etc, due to hacking (and they don't tell you when they've been compromised) and being once hacked. ;) I use a completely different email system for sensitive/banking matters.
    10
  9022. Hot and humidity is not my cup of tea, but the beach is just so beautiful
    10
  9023. All those prices are too high for the jobs being lost.
    10
  9024. The problem is that where are we gonna get a massive glut of inventory? Sure they may be foreclosures and investors selling, especially if the economy contracts. But that will be nowhere near the crisis of 2008. And if everyone is on the sidelines, there's still gonna be a ton of demand. Don't get me wrong I wish everything would crash to restore affordability, but I'm just realistic.
    10
  9025. i’d rather ride a horse around than those EV
    10
  9026. So real estates agents are the typical salesman??!?!?!
    10
  9027. Previous home buyers bought into the notion that their properties would significantly increase in price so they got into debt big time, but now that they are hit with the reality that house prices have plateaued, they are screwed and probably won’t be able to keep making payments.
    10
  9028. Your house eventually becomes your bank ( money options) and has saved me more than once 🇺🇸
    10
  9029. I think people really need to look at other options besides Miami. Unless you have a high paying job down there would not make sense. Miami is different than the rest of Florida so keep that in mind. Nice video Michael,
    10
  9030. I like how you were practical on the lady’s skim off your rent 😅.
    10
  9031. Offlease car company just went under. They use to sell tons of cars. Four or so dealerships in South Florida. Hand tight.
    10
  9032. We adults didn't want a child's happy meal when they were three dollars, we want them even less for five dollars, and it doesn't matter that they are marked down from eight dollars.
    10
  9033. Lived in both and will take CA.
    10
  9034. Common sense is not so common
    10
  9035. How can Rocket mortgage offer 1% if the feds are raising interest rates?
    10
  9036. An ARM is not good for everyone, those people will certainly be struggling. Happy 4th Michael and Lisi!
    10
  9037. I LOVE Dunedin. I have been going there since the late 80s when my grandparents hauled a** from NJ to FL. There are so many great restaurants there and it is super dog friendly. And as you stated very close to some really great beaches.
    10
  9038. When I graduated from high school I moved out. I made $2.35 an hr (min) which is $12.90 2024 dollars and my apartment was $160 which is $878 2024 dollars. In the area I lived then there are still apartments for $900-$1000 a month, so what’s the difference? My car was already paid off cause I bought it cash from tip money waiting tables for 2 years in high school.
    10
  9039. This was extremely helpful
    10
  9040. Best real estate channel on youtube! And I think it's because of the walks, I didn't know you were walking around in super hot temperatures. x_x
    10
  9041. Most of the places you list with high crime are city areas and honestly I feel it's just due to there being more people. The beautiful thing about Florida is that you can pick and choose the type of lifestyle you live. You want a secure private community, there are tons. Want a high rise in a downtown area? Got that too. Coming from NJ overall I feel a lot safer in Florida and I was in a very nice part of NJ. Florida just seems safer all around because people have guns, there is less road rage and less people trying to be tough guys. And trying to rob someone here or steal their car or break into their home is just stupid, remember even the 80 year old guy with a limp is packing heat, don't bother trying.
    10
  9042. Since I always did my Real Estate transactions with the 2 realtors that I made a relationship with and they always gave me a discount. Realtors can be worth their weight in gold. Thank you Michael for another great video today. Blessings , Carlos ✝️🙏❤️😊🇺🇸
    10
  9043. In the aughts I traded REITs and MREITs when they had yields like eight and ten percent. As a responsible investor I listened to the earnings calls. The founder and CEO of Saxon Mortgage said, in one of these calls, that he did not believe in adjustable rate mortgages. He thought they should not be allowed. However, Saxon was forced to offer ARMs because his brokers who worked on commission would leave Saxon and go to a competitor who did offer them if Saxon did not. He immediately sold off the ARMs. He did not keep them on the books of Saxon. Saxon was acquired by Bear Stearns which in turn had to be rescued by Jamie Dimon's bank.
    10
  9044. Christmas in a warmer climate?
    10
  9045. As a Floridian, I welcome people from other places. It's new culture and new ideas. Floridians can be rude boring people.
    10
  9046. About these asking prices Michael shows us...years ago we would be in awe when we heard of $400,000 homes celebrities bought...
    10
  9047. I agree with your assessment. As a prospective real estate (home) purchaser, I have an emotional response to buy now before rates go up, but I intellectually believe that patience will be rewarded.
    10
  9048. Its so stupid that housing prices got so high. They are ULTRA sensitive to down payments and interest rates because of their inflated values. In Japan, when they had their currency crisis over 20 years ago, house prices dropped 80%. Let that sink in. So far, our Federal bank has followed the Japan playbook plus some.
    10
  9049. 2.6m for a house w no garage, no thanks
    10
  9050. When 3/4 of Americans cannot now drum up $500, how can anybody afford anything? The coming depression will destroy our middle class. Millions now cannot even afford a car.
    10
  9051. Mike, when you see all the stats of people living at home and working multiple p/t jobs and all that blahblah, you can't blame them! Whenever a large contingent of people are all doing and experiencing similar situations, It's because the economic environment is placing them in that situation. They're not all getting together and making a group choice! The U.S. Economy SUX way more than you think right now. Believe me, I'm getting the phone calls and things are continuing to get worse. Welcome to Amerika.
    10
  9052. Michael when the home that has property taxes of $7K a year sells and the property taxes increase on the new buyer who now immediately gets a $60K property tax bill; how does the new home owner of that same property benefit from the $53K property tax bill increase? I really do not see the logic of buying a home with this unfair tax system in place.
    10
  9053. My neighbour kept blocking the driveway for all pedestrians and after asking a dozen times to not park on the council footpath I called the council and they received a nice parking fine 🤗
    10
  9054. The fleecing of america is over, Americans love a bargain, good for business
    10
  9055. I am seeing a lot of new construction houses in my town come on the market with $50k-$80k reduction. Now I am seeing the "have to sale" and "want to sale" houses. Good luck to those who "want to sale" with 2 month ago prices. Glad you are not hurt and being more careful 😆
    10
  9056. You are right about the scams. It was out of control during the quarantine. It will be a mess once again. Fraud just seems to be the flavor of the month these days. Starting to see all kinds of YouTubers who specialize in exposing scam artists.
    10
  9057. People get the government they deserve! People need to start voting - and I don't mean for president or senator, I mean state and local!! That is where the rubber meets the road.
    10
  9058. HOAs are the worst things created since the FederalReserve.
    10
  9059. 🎉🎉🎉 Hi 👋🏼 Michael B. And M.B. Nation 👋🏼 Thank you for covering so many topics. This is the FASTEST GROWING CHANNEL regarding Real Estate on YouTube. Keep on keeping on my friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    10
  9060. Wouldn’t be surprised if condo prises would collapse too in Miami Beach / whole Florida
    10
  9061. The Fed isn't dropping rates - YET. They just stopped raising them.
    10
  9062. you should check out Panama City, Mexico Beach, Port St. Joe, Destin, Fort Walton Beach and Navarre. And for something really cool and different, Tallahassee.
    10
  9063. I'm moving to Florida in the worst time, August. :(
    10
  9064. I agree, 550k is a ridiculous amount for that area. I wouldnt pay more than 350k.
    10
  9065. Bonita Springs is where we go when we come down to Florida (from Canada) because we have family that own home there. You're so right, it's got everything pretty close by without having to go right into Naples. We go for drinks at The Ritz to watch the sunset and it's so pretty. :)
    10
  9066. I've always been a little skeptical on how the Fed was going to sell all the crap it bought. Like you said "who is going to buy it?"
    10
  9067. I’ll take the rain and thunder over 115 degrees here in Phoenix.
    10
  9068. Pls make a video also relating to job opportunities in Florida. I think that's one of the major factor before people decided to move in a particular state. Thanks
    10
  9069. I graduated from UC Berkeley with a degree in mathematics and work as an actuary. I don't have any student debt because both of my parents worked two full-time jobs while I was in school and I went to community college (which is WAY cheaper) for the first two years. Student debt may be forgiven up to $20,000, not $10,000, if you have both a loan and a PELL grant. Don't get too excited about this, since the president's authority to do it by executive order is going to be challenged all the way to the Supreme Court. Michael's right, college is not for everybody. College is also too expensive, and nothing is being done about that. Congress passed a tax credit of $7,500 for electric vehicles made in the US and guess what? GM and Ford raised the prices of their electric cars by $7,500, so there goes that "windfall" to consumers. Forgiving student loan debt just ensures that colleges can keep charging students sky-high tuition. If this were going to be done fairly, Congress should pass a law that gives ALL young people a grant of $20,000 to go to college, go to trade school, start a business (like Michael did), etc. It's not fair to just focus on people with college debt, but the younger generations DO need some kind of boost, because we Millennials and now Gen-Z are so far behind where the Boomer and Gen-X were at our age, it's not even funny. My husband and I both work full-time, live frugally, and have zero debt, but we're probably never going to be able to afford a home. We've been trying for years and haven't even come close, and I mean BEFORE prices went crazy from 2020 onwards. The whole thing has no coherency, it's just the president's attempt to buy votes. Just remember that whatever you subsidize ALWAYS becomes more expensive, as has just been proven by the raising of electric car prices. We do need to do SOMETHING, but this is not that "something".
    10
  9070. Michael, you are so well informed! Appreciate all of your information, looking to get out of this nightmare up in NY area! Out of control crime & deteriorating infrastructure, garbage everywhere! We'll put up with a few months of hot & humidity to escape this place!
    10
  9071. Thank you for explaining this because a lot of people do not know the history and how it will impact the future economy.
    10
  9072. Michael, You look great - hair blowing in the wind, sand beneath your toes --- with shots of the ocean and high-rises. So much good information. I'm OLD - and have been retired for 20 years - no pension, 401K or investments. But, I lived through the BEST decades in America. Sadly, America is no more - look who's in charge!!!!
    10
  9073. The working class is mostly poor down there. It's just retirees or doctors buying homes.
    10
  9074. Usually after hurricane's, the weather is incredible because it blows away all the other storm systems and clouds .....the irony of that.. .
    10
  9075. Why aren’t new apartments being built to keep up with the demand and to lower rental costs? Landlords can’t just unreasonably raise rents if there is competition. I think there is a more complete explanation than just greedy landlords.
    10
  9076. That’s a 100k house on a good day in most small Midwest towns !!
    10
  9077. This video was very well organized and presented.
    10
  9078. Your videos are great. Keep up the fine work..
    10
  9079. If you don’t have the money to buy Christmas gifts, just get together with friends and family. It is crazy to go into debt just to buy gifts!
    10
  9080. I live in St. George, UT. When I moved here three years ago, I was concerned about the growth and the future water issues. I currently rent and will probably NOT purchase R/E here. Thanks for highlighting St. George.
    10
  9081. Happy friday brother. Let's go!!!!
    10
  9082. Oh my gosh, that first car crash sound freaked me out LOL. Good video. Thanks.
    10
  9083. All I can say is cognitive dissonance is real. Nobody can picture losing their job, or prices falling. I mean I dont blame them, the economy just had the longest expansion in American History. Thats going to change.
    10
  9084. ITS OVER WE ARE ALL GOING TO DIE. enjoy the weekend.
    10
  9085. Some of us already knew to avoid south Florida.
    10
  9086. I am going to get a lot of hate...but I hope many of the remote workers have to go back to the office. These remote workers who moved to buy a cheaper house are a big reason house prices sky rocketed. I am not saying the remote workers will ever have to go back to the office...just hoping.
    10
  9087. My husband just accepted a position with his company where they are opening a new location in Jacksonville. My favorite place is Treasure Island/St. Pete Beach, so we will only be a couple hours away from my favorite spot, still only a few hours from Tennessee (home), but I think the sunshine is the real reason my husband is taking this position— my mental health. The Tennessee winters (I know, they’re not that bad, but still not good for me) are so hard on my mental health. I’m so excited for this change this year!
    10
  9088. Airbnb makes sense when you have a large crowd and you can rent a house otherwise if it's two people how to tell a lot cheaper. Plus the fees and the cleaning they gouge you.
    10
  9089. This is so our dilema right now as well. I wonder how many other people are in the same boat.
    10
  9090. Florida just too risky to invest in. Sorry. Just too much opportunity for downside. Weather, rust, structural/roof deficiencies, fraud. Untenable.
    10
  9091. Layaway was awesome. I always enjoyed the stories of random strangers paying off people's layaways around the holidays!
    10
  9092. So to bring home prices down to the trend line what reduction should we anticipate...33%? just curious
    10
  9093. You were right about the accelerated growth we’ve had in prices. Our prices don’t match the year we live in. Our prices are in 2030 and we’re in 2022. People used their kinds to project what the prices would be like in the future and sold it at that price now. What I think people are essentially doing in this real estate market is drying up any potential equity a person could have in their investment. That’s it that’s all. When equity has always been a great way to get ahead and build wealth.
    10
  9094. I sold my house in California to leave the state. I negotiated with my realtor down to 4.5% and he staged the house for free. The house sold for $1.05 m which saved me $15,750. remember people you can negotiate that price. Especially now !
    10
  9095. Thanks Michael; I really enjoy these daily informal chats while you stroll Miami. Your well reasoned and thoughtful insights quietly offer clarity in the noisy static of today's fast changing RE market.
    10
  9096. I think it’s a bad time but there’s also never a great time either. I’m seeing lots of discounts now that are 50-100k. If you’re in a position to buy and those discounts work for you and you need to move, got to take advantage
    10
  9097. Worth Avenue Palm Beach is the Rodeo Drive of Florida lol
    10
  9098. He is 💯 right!!! I live in Florida. It’s now very expensive to live here and we are very underpaid!!! Humid and super hot!!! Overcrowded! I’m looking for another state.
    10
  9099. Lizzy. Finally…
    10
  9100. I love how detailed your description is of the beach!
    10
  9101. I just looked it up on zillow...it has a 875k contingent sale....he bought at $700 in Jan. 2022. I wonder with renovations if he made anything?
    10
  9102. I remember the beginning of online dating back in the early 2000's. Dating was actually very easy back then. People were more likely to meet in person. Now, online dating is basically bots, scams and professional "working women". Dating has become a real problem.
    10
  9103. I'm buying a yacht..lol
    10
  9104. Thank you for making this video, it is very sobering that these are just people living life just like all of us. Since covid I've become so aware of living today as best as I can and honestly doing what I think God wants me to do each day, being kind, loving and giving to others. I am praying that people will still be rescued from the rubble.
    10
  9105. The state through property taxes and local taxes should do everything you pay an HOA to do, so the HOA fee is a duplicative tax.
    10
  9106. I do ubereats in south florida. And yes - we have seasonal snow-birds who have left the area. BUT - my orders and income have dropped off by 80-90% in the last 6 weeks - in this area. AND - my online marketing on eBay and CList ( 25 years - 16k items sold ) has ALSO dropped off at the same rate ( 80-90% ) AND - my HOA was bought by private equity and the fees went up overnight by $ 350 per month.
    10
  9107. That pink house = drug money. It's where the profits are laundered.
    10
  9108. In Colorado Springs, the shortage had started before the pandemic. In 2019 there were 5000 fewer homes for sale than in 2015 or 2016. That being said, we bought a “starter home” (1884 sq ft) in 2017 for $216,000 that just sold on April 12, 2022 for $447,000. That’s crazy.
    10
  9109. House insurance up 25% here in Michigan.
    10
  9110. Well remember me beating the drum about people learning a REAL TRADE well i guess this hurricane just proved my point..so hears your chance to go to a job site and learn while getting paid and in a few years you'll be able to name your price IF your willing to work your ass off...its very doable
    10
  9111. 15:41 facts I just hit over 100k but I don’t pay rent atm so I’m extremely grateful I can save during this time
    10
  9112. Ouch my only hope of becoming a first time home buyer was when I retired.
    10
  9113. My friend's dad and his wife lived there (he passed). They really liked it. It really seems perfect for retirees. Thank you for doing this.
    10
  9114. You can finally vote for Harris 🎉
    10
  9115. What a beautiful park and pretty tree lined streets, shows there are different options when considering a move to FL
    10
  9116. I know a dude that is 1/3 owner of 6 rental properties with his brother and sister owning the other 2/3. He’s in trouble with the law. He’s being provided a public defender in court. He does not work. Part owner in 6mil worth of real estate and he can’t afford a lawyer. This is the same guy that will evict a tenant for non payment. Pathetic
    10
  9117. I sold my house in 2021.. Zillow is showing the price less than I sold it for..
    10
  9118. My rent just went up $80 (16%). Can't complaine over 9 year, it's only gone up $150. Have a really good landlord.
    10
  9119. Watching from Quebec CANADA. We love your Channel Michael 👍😊 Keep up your interesting, helpful & accurate analyses! Great job 👍At least USA has FEMA & a national disaster federal insurance program (I think…?) However, Canada does not have a FEMA, nor a national guard, so our natural disasters rely on military being sent to help, plus the Red Cross. Private insurance is not wanting to pay much out to those unfortunate folks who fell prey to Hurricane Ivan on our east coast, a few days ago 😰 policies all say that the storm surge flooding is under the “Act of God” clause, so no payout money forthcoming 😡
    10
  9120. This market is CRAZY very basic house for 1.7 million to 4 millions OUF OUF OUF !!!!
    9
  9121. The devil is in the details and we're missing some here. Something tells me the holdouts were offered up to 1.1 mil, on condos appraised at say $700K but are insisting on 1.8mil buyouts. If so, the new owners with their $400K offers are basically telling them to go pound sand, and I agree. Greed is a two-way street.
    9
  9122. Scary part of buying home 🏡 Is money 💰 to pay for it For the life of the loans For me personally ,if I depend On somebody to write me for a check ,I don't think I want to buy a house .the thought of being laid off is hanging In my mind That's why I started a business first once the business doing great Then buying home is not so scary I told my kids to save for a large down payment And have a mortgage payments As low or lower than average Rent going for in the area You plan to buy
    9
  9123. That happened to me in Tampa the last time I hired movers. Quoted me one price and at the final destination, they wouldn't unload the truck until I paid almost double the quoted price and made me sign a damage waiver without seeing anything. It was just me and a couple guys in the dark (of course they were late)..what could I do? They do these scams when you're vulnerable. Normally I don't like government intrusion but sometimes it's needed.
    9
  9124. I love how you have people visit your show it’s amazing. Next you should have Orlando Minor trust me you won’t regret it. This will be amazing for us viewers as well. Love the content. Keep it up
    9
  9125. I bought my condo apartment 11 years ago on $11.00 a hour. It can be done. But you have to watch and save your money.
    9
  9126. Its all about perspective folks. Socal is definitely a place to visit or if u can afford the lifestyle go ahead. Weather is great majority of the year but don't let that be factor to move to California. Unless you have a great job the weather's not gonna pay for your rent or mortgage. Lived there half my life and weather is really great but eventually uou'll get bored with it. I moved to Texas due to a career opportunity and fulfilled my dream of being a homeowner. Our house is as big as the apartment complex we use to rent our 1 bedroom place. And if I miss California ill just go get a cheap flight and be there in less than 3 hours.
    9
  9127. One thing that will keep going up and up is house insurance. Expensive is a understatement for Florida.
    9
  9128. you pay the condo off and you can still loose it to H.O.A to me it's not worth it to rent
    9
  9129. I always paid extra to the principle every month I auto paid my mortgage Going to paid off this year's Debt free by next year Then only property taxes And food plus utilities Insurance home +car
    9
  9130. Hey Michael, I'd appreciate if you read through this. It's a lot but I'm wondering what your thoughts are. Things have just drastically changed in my life. I just took a 17 day road trip vacation throughout Florida earlier this month from March 3rd to the 20th. It was my first time in Florida and first time ever on a beach, and first time seeing palm trees. Me and my sister went down the east coast (including Orlando), through the keys, and up the west coast but skipped the panhandle. I enjoyed my time in Florida a lot and had planned to move there since 2018 but on my first day back from the trip when I was back at my job just thinking about stuff, I had decided that I was not going to move to Florida. Maybe in a few years, or maybe never which I think is going to be the case. 99.9% sure. I'm 20 and live at home still but a few days after deciding I was staying in Ohio for the foreseeable future, I applied for a 1 bedroom apartment in the city next to where I currently live in a neighborhood I used to live in as a kid with my mother from 2008-2011. I have fond memories of the neighborhood and it'll be nice to be back just several doors down from where my mother had rented years back. Anyways, to be honest, I kind of obsessed over Florida too much. Before the trip, my thought process was that I wasn't gonna be content in life if I never visited Florida and I was going to move to Florida after the trip no matter what. But Florida for me now seems like a place that I'll vacation for a week a couple times a year until I've done about everything and decide to vacate somewhere else. The beaches were nice but it's messy with the sand and the saltwater in the mouth gets annoying to deal with and it was hard to catch a nice sunrise or sunset without clouds in the way. I saw a beautiful sunset in Clearwater Beach so that was cool. Outside the beaches, there were tons of fun museums and attractions I did (too many to mention), but overall, I just don't think it's worth the hassle of higher prices, moving across country which is more expensive, and changing jobs (though I'd be with the same company). I hate winter but I'd hate it less if the AC worked in my bedroom which is the only room in my home that it doesn't work for, but my apartment that I'll be moving into May 2nd will and I've already toured it so that'll make winter more bearable and also I'll vacate to Florida in November and March so I'll have that to look forward to instead of April or May when it stops getting so damn cold lol. Speaking of apartments, I went to 8 different places in the Tampa area and either it was hard to find the office and contact property managers, or nothing was available for the next several months at least. I didn't want to wait longer to move out of my parents just to find out there are still no available apartments within my budget in the Tampa area. I just feel like if I moved to Florida, the magic of it all would go away and I'd be wondering why I'm 800 miles away from friends and family. Everyone I've known all my life. Lived in the same city all my life. Speaking of which, family I'm fine with being apart from, but for a while now I had disconnected from friends and such because I was going to be moving. But now that I am just moving four miles from my current place, I can catch up with people again and start arranging times to meet up for lunch or a movie or whatever. Something I haven't done much in life up to this point but anyways, I know I'm just some guy commenting on your video but this is life changing for me. In such a good way. I'm glad I'll be in my own place and I get to keep my job where I know people and have a good reputation and have a couple friends and I get to catch up with old friends I haven't met up with much from high school and church and I can get a cat or two for my apartment. I'll definitely visit Florida twice a year but Ohio is my home, plus it's much cheaper lol. I wanna own a home eventually. If you or anyone has more questions to ask about the trip, just ask.
    9
  9131. When I was condo shopping earlier this year, the Port Royale and its next-door neighbor were on my list of buildings to check out. Two things about the Port Royale stood out for me: 1) it's ugly. 2) there were a lot of units for sale in the building and they were, by far, the cheapest oceanfront units in the area. I didn't immediately assume a Surfside-like situation, but I did suspect something was amiss. I also wasn't thrilled about the neighborhood (sorry!), which seemed to lack the streetlife of other parts of MB, and the beach itself was narrow compared to other areas. Anyway, suffice it to say, I crossed the Port Royale off my list and never gave it a second thought.
    9
  9132. They better not make it too easy for them, or too nice, or Florida will flood with homeless from all over. I saw it in Santa Barbara CA in the 80’s.
    9
  9133. A house is worth only what someone is willing to pay for it
    9
  9134. There’s no possible way that I’m going to invest in the market right now, even the stock market, while it’s at an all-time high. The correction is coming. Be patient.
    9
  9135. Thanks for making these videos, i look forward to them.
    9
  9136. Oh, it gets used. By those who abuse the claim system. It happens more often than you think
    9
  9137. I could definitely enjoy being rich! Lol
    9
  9138. Gas over $5.19 in Oregon and Washington.
    9
  9139. I was 18 and lived in a rooming house! Never looked back, but never got into debt which seemed like chains on my freedom. Being on your own is liberating!
    9
  9140. I really admire you liking it there. I lived there for 17 years and the heat and humidity nearly killed me 🥵. Moving to San Francisco was the best choice I made for myself 🙏🏾.
    9
  9141. Sure you can buy it now, but make sure to submit your offer at 30% below the asking price....so if the market crash hard, you'll be ok.....if the buyer refuses to accept your offer than just simply walk away and wait for the massive price drop.....
    9
  9142. Currency destruction bottom line
    9
  9143. Very informative hank you! We live in a "luxury" co op and its a nightmare! Never again! Because of the virus we are thinking of renting when we leave NY and dont know much about renting thanks for clarifying!
    9
  9144. Interest rates are not the problem, high home prices are the problem.
    9
  9145. You can't have never ending rent increases and have a safe Society it's not possible because 40% of the population are renters you can only squeeze people so much before they pop
    9
  9146. I have heard AI is getting incorporated into warehouse and transportation sectors.
    9
  9147. You are absolutely right about pending sales; I have seen pending sales that became an active listing again for one reason or another.
    9
  9148. Could you do a video about the people? For instance what are they like on the east vs. west. north vs. south. Are they friendly?
    9
  9149. Here's an idea. Why don't you run your economy on money you have saved rather than borrowing. Just a thought.
    9
  9150. 30% of people at age 55 don't have savings for retirement?!?! That's crazy!
    9
  9151. I don't blame you!
    9
  9152. All I know is I wish I bought a place pre-2020 🥺
    9
  9153. Miami with NY plates everywhere
    9
  9154. A lot of costs embedded into prices is government taxes and excessive regulation. So to jump start the economy the govt should step back with its woke programs — that is it should enable capable to produce and scale instead of sinking businesses and entrepreneurs with taxes and regulations that favor bummers and waste. Also the globalization ideas have to be revisited. It is okay to collaborate and trade with China if it plays by the same mutually respected rules (like Japan, Taiwan or South Korea does), but recent geopolitical trends suggest that Chinese govt has no interest in compliance with these rules.
    9
  9155. We had a huge canal behind our home in coral springs, being in the shallows and seeing the gators looking at you i will never forget! I still predict a market crash. Great interview with your pop! Timmy C Arizona
    9
  9156. It's only just getting started, housing will get crushed over the coming years, 2008 2.0 all over again. But this time it's different, lmao
    9
  9157. They lie to us so bad
    9
  9158. Michael, your statement about saving as much money and fast as possible is very true. Just like tomorrow isn't promised, your job may not last either. If you are making a large salary, start off saving as much as you can and when you reach a comfort goal, treat yourself to a small purchase and then start stacking again. As Stephen Covey said, "Begin with the end in mind." My godson said he has never have forgotten that rule.
    9
  9159. If anyone has any property in Florida now is the time to sell not buy.
    9
  9160. I can't wait to move there for the winters. Next year. I would move there full time but I'm Canadian and I like our Universal Health care and our social system. Snow, ice, not so much.
    9
  9161. New York City has the worse crowds in the summer time, especially Times Square
    9
  9162. Actually getting a foreclosed home may not happen but the fact there are many foreclosures means prices comes down and that's a good thing.
    9
  9163. Love the video. Was born in Naples, but when I was 10 we moved to Iowa. Now that I'm 24 and still living in Iowa, I feel like FL is calling me back...
    9
  9164. Yup, i think any form of a retirement dream is probably gone for most. Maybe the new retirement age is 75, if one is lucky enough to make it that far, otherwise it will be work till you drop dead. I guess I'm considering myself lucky in the fact that i love what i do, my work gives me satisfaction, and i fell valued. Hopefully I will be able to work for a long time. 😊
    9
  9165. Prices subject to general inflation go up, historically NEVER come down. Exceptions would only be trends due to availability or fashion (cultural trends). The inflation is ALWAYS here to stay, theres never been a significant period of deflation or restoration in modern history. Period.
    9
  9166. I am a landlord in hot areas, and I did NOT increase my tenant's rents. I want to keep them. The GREEDY landlord's will lose their tenants, and eventually their investment when no one can pay their rents!
    9
  9167. I do like the weather much better here in SoCal vs. Miami...
    9
  9168. Those 16% are drinking the Dave Ramsey Kool-Aid absolutely incapable of connecting the dots
    9
  9169. If the recession has not materialised as yet...why are we printing money!😅
    9
  9170. Fast food chains use factory farmed meat and that’s animal cruelty :(
    9
  9171. Nope, im sure theres other buildings along the beach that have damage that the Hoas dont want to pay for.
    9
  9172. Yes definitely!
    9
  9173. Great understanding of the market! Also very true people are always worrying about something. If they have nothing to worry about they’ll create something. Hurricanes, predators, sink holes, etc
    9
  9174. It just begun to crash. In Florida, homes went up 50 percent or more.
    9
  9175. I was born in Lafayette and was raised in the area. It may be cheap to live and buy a house there, but you get what you pay for!!
    9
  9176. If the Derechos and tornadoes keep becoming more frequent in Oklahoma i bet they pull out of here also. Maybe we should all just boycott insurance companies? The house of cards is going to fall hard this time around.
    9
  9177. Through an all-inclusive trust deed, the seller can be the financing partner for the buyer. By extending a junior mortgage towards the buyer, the seller keeps their existing mortgage at the original interest rate, which might be better than what a new mortgage would require from the buyer. This is what people did in the 70’s
    9
  9178. My dreams always been to live by the beach how did you originally move there? And does it REALLY get old or will you always love it?
    9
  9179. Inventory is up but almost all of the homes in my area are dilapidated and still priced at twice what the sellers paid for them. Not seeing any quality inventory at all.
    9
  9180. Lol..try mls fee yearly 500 plus board fee of 900..plus monthly e/o ins of 230..😂
    9
  9181. This can get complex. There should be different options available. Buyers aren't going to want to pay upfront commissions, most of them.
    9
  9182. always appreciate ur time an insight ! i grew up in Lakeland threw the early to late 80s moved back for a few years in the early 2000s , its crazy to see how things have changed over the years , meaning more the cost of things an the amount of people, while alot of the places still look the same as they did when i was young !
    9
  9183. Michael, HAPPY BIRTHDAY!!!!🎉🎉🎉 Hope you enjoy Venice next week. I wanted to purchase a home there a few years before COVID, but it was even unaffordable then. Good luck finding affordable properties there.
    9
  9184. The debt figure you quote does not include un-funded liabilities. There is also all the perpetually renewed "Mandatory" programs.
    9
  9185. People need to wake up and educate themselves before voting.
    9
  9186. Great update! Resale inventory is still extremely low combined with sticky high prices. Still not seeing any significant drops in my area. 😮
    9
  9187. This is even better than tuition forgiveness.
    9
  9188. I would love to see black stone collapse. What good do they do for the common person?
    9
  9189. The fed just said they want to slow demand - that's people not buying stuff. That's workers not having a job. ( 40min into today's announcement)
    9
  9190. How is this worth it ? I just watch this for entertainment. Not at all interested in residing there. The weather is the biggest turn off. Now More money. I guess New Yorkers can afford this with ease.
    9
  9191. The bidding war is ridiculous. We walked away from three builders in FL who told us to put in an offer and they will get back to us. No thanks. It is for a second home and we don’t want it that bad.
    9
  9192. Center point energy just got approved for a 30% rate hike in the state of Indiana.
    9
  9193. My mother's neighbor unfortunately died and her kids just sold her house... it was for the highest price ever for that model in her upscale retirement housing community. Demand is still very high and supply in CA is very low. Housing prices just can't drop here because people have to flee the state if they can't find a place to live... and they want to live here because the jobs are abundantly available and paying very high wages. It's a real Catch 22 situation for people.
    9
  9194. Being actually in grey cloudy Paris difficult to understand the good vibes your videos transmite to us😆 I cannot wait !
    9
  9195. most scaring words ever ( we are the government we’re here to help ) Ronald Reagan no government involved on anything that’s the solution
    9
  9196. I’m trying to save as much as I can— driving down from MD to FL at the very end of Summer. Nervous asl
    9
  9197. I like how you bring in current issues and economic topics as well as real-estate. Keep up the good work.
    9
  9198. Litigation only adds to the costs and insurance companies must amortize those costs
    9
  9199. Using the vehicle AC or Heat reduces the range by 25%.
    9
  9200. This was one of your best videos. It inspires us to think about how and why we vacation.
    9
  9201. I hope the insurance pay up and not declare bankruptcy
    9
  9202. Excellent presentation. Here's a concept to ponder, Michael: The weaponization of the housing market.
    9
  9203. $3400, If everything is paid off, should be a very stable income
    9
  9204. The algorithm just recommended you and I'm glad. I like the walk and talk style. Instant sub. Also you look like a cool, non-douchey version of Gavin Newsom.
    9
  9205. I was very surprised, when we bought a house in Florida, our agent , shared his comission and gave us $2,500 .This never happened in Massachusetts. Is this a standard custom in Florida?
    9
  9206. the more i hear and see ,the more I’m sure that Florida will be a great place to live and enjoy life . I will be relocating to Florida in November and staying in Panama City beach in a RV resort until we find that place we can call home , good info here with the medium house prices listed along with there corresponding neighborhoods , I have a Real estate agent in the Sarasota area but if i find something out of my agents area, i will contact your team , once again you’ve provided a great and informative video , thank you
    9
  9207. So terrifying 🙏🙏🙏be safe..
    9
  9208. Can we have Florida all to ourselves without out of town people moving here?
    9
  9209. This is not a fear based channel! Truth doesn’t t equal fear! We need more Michael B’s out there! You will be with the rest of the truthers who will be helping us cross this finish line! Much respect! Keep it up. I will need you to be my realtor in Cali!👍❤️
    9
  9210. In appraisal terms it’s called economic life…most concrete and steel buildings have a 50-60 year economic life expectancy with proper maintenance and repairs. I predict this is going to be a problem all over coastal Florida. We’re starting to see the same issues in the Tampa Bay Area.
    9
  9211. FL be like: have some class and sleep in a vehicle. 😂
    9
  9212. 90k+ Woo Hoo. Keep going Michael💙💚💛 Um, squatting is not political🙄 I moved due to my rent increasing too much for me to afford. I was not evicted. Fortunately I was able to find something more in my price range. I know many will be forced to be homeless😞 That breaks my heart. However, squatting is not a legal option. I had a very cool landlord. I owed him rent for staying in his apt. Plain and simple. This video as always is 100% facts! Also, where is Mrs. Lisi?💗
    9
  9213. Michael, I was listening to a show this morning called the Financial Exchange Radio Network and they said this economy is running on all cylinders and doing great. They cite record low unemployment of less than 4% and the current inflation rate of 3.7%. 😂😂😂
    9
  9214. Well delivered, Michael. A lot of folks are one hiccup away from losing everything. The specter of UBI is looming...
    9
  9215. If you pay cash for your home I would say it's cheaper to buy a home. But with taxes, insurance, hurricane insurance, repairs, interest. Just not worth it, bad investment. Rent a nice place and be happy with the view.
    9
  9216. Property tax , PMI, Insurance , HOA , maintenance is almost equal to principle ans interest.
    9
  9217. I have been a landlord for 40 years, right now the pendulum is starting to swing in favor of tenants ;but even now you have some bad landlords and bad tenants, just like when I started out. The laws passed only hurt the good landlords and good tenants as the bad ones always know how to skirt them. These laws might help get rid of some of these big investors in a strange way, helping to bring the prices back in line.
    9
  9218. The grossest part about this is that they know where the housing market is going and these people that can't afford to go upside down on their house aregoing to get hurt the most. They are doing this because when you get into houses, and start paying, you can tap into equity from the house to fix it. Its a good program. The issue is that its an awful timing for it with high rates and the market about to collapse. Most homeowners have no idea how to manage their money either, they just have forced equity at some point they can tap to fix shit. Americans want houses because they know thtye can't control their spending, its cultural rot, but at least a house gives them safety. Gotta make sure you don't buy a piece of shit though that needs a fuckton of work. The timing of this makes me sick for America tbh. We are too far gone with anonymous capitalism.
    9
  9219. Housing was already priced high before Covid. The 50% rise since then is all FOMO. Rising taxes and insurance will help bring us back in line.
    9
  9220. This is an excellent video! I was lucky and downsized. With the equity was able to pay cash for my much smaller home here in Florida. I am self insured. Insurance here in Florida is a scam. I do have liability insurance (umbrella) with state farm. But I do believe this is your most informative video as of date, great job!!!
    9
  9221. There's major differences between Florida and California. One of the major thing is you're gonna feel that financial impact if you're living in California. and they have the highest state tax in the country. Literally everything is expensive. I remember when I was researching before I've decided Florida, I've heard things about California. One of the things I always hear is that Californians are obsessed with their image. I mean, you gotta go there and stay there for awhile and see for yourself. Every state has it's likes and dislikes. No state is perfect.
    9
  9222. ARM = arm & a leg.
    9
  9223. 1.5 mill??? you can get a 20-unit building with that money.
    9
  9224. I was starting to believe that parts of California were turning into resident evil like environments, is that the case? Have you seen anything pertaining to that, or are you strategically avoiding those places for obvious reasons?
    9
  9225. I am starting back up my payments on October 1st. I will be in touch with my loan company by August to make sure the payment is the same as it was in 2019.
    9
  9226. I may as well just get a plot in the desert and hope I can get water. My home ownership dream is over.
    9
  9227. I would just be happy with a 1000sqft home, damn. Our apartment is 750sqft, it's myself and husband and two child. It's getting very annoying lately has the kids are getting bigger and we don't have yard or anything, it's gets cold here, so we're stuck inside a lot during winter. It sucks.
    9
  9228. It can also be help for the parents they might not make enough from retirement/social security and now collect say $1000 from their children. Instead of the child paying $2500 for a 1br apt
    9
  9229. More examples of “free money . . . “ the government consistently “gives” but where do they get the money - from taxes or deficits - go figure, there is no free lunch for most of us!
    9
  9230. That 4630 looks pretty nice!!! You’re doing a great job video taping and talking about the neighborhood. It’s good to know what and where we’re looking at. Thank you for taking the time and effort you put into showing us properties and beaches 💪🏽💪🏽
    9
  9231. FL is so screwed... no chance making the same income in FL over a northern state... reversed migration... FL peak is in multi decades
    9
  9232. As someone who first moved to northeast Florida in late 1971, lived there 5 years, moved and came back about 10 years later, moved to Tennessee for 22 years and came back 10 years ago....here are my thoughts: 10 years ago, or even 5 years ago I MIGHT have agreed with this video, but I am not sure if I would today. St. Augustine does have many advantages, like location, and a sort of small town "vibe", but like many urban areas in Florida it is exploding with new growth. Up until a few years ago, there was little in the way of housing and retail outside of the city limits. In a few more years St. Augustine will be yet another Florida megapolis with miles and miles AND MILES of condos and strip malls. And that growth comes with several prices...among them ever higher taxes to support an expanding infrastructure. (St Augustine is in what is currently the fastest growing county in Florida.) And the roads in and around St Augustine are not doing all that well at handling the current traffic, expect near constant road building/upgrading from now (2020) until....?
    9
  9233. Hopefully this Law is passed in all states, it's awful you can't even walked down a street, go to a store unless you go through crowds of people yelling at you or have to go around their tents just to get into a business.
    9
  9234. Uber Eats must think the guy making deliveries by foot is THE FLASH ⏩⏩😅😆🤣😂😁
    9
  9235. For crying out loud, isn't that why the sales contract is 13 pages now? I heard it use to be 2 pages. Every sentence, added by attorneys, is because some lowlife tried to screw somebody.
    9
  9236. During the 2009 collapse, I remember looking online and seeing many 2 br condos going for under 50,000 dollars in Florida, I can't remember what part of Florida it was.
    9
  9237. Massachusetts ( last week ) $57k over asking and lost house. 14 bidders
    9
  9238. BIDENOMICS...!! Building Back Broker.....??
    9
  9239. Prices in The Villages ( in Central Florida) have gone up a lot in the past 8 years. A house that sold for $400K in 2013 now sells for over $600K. But you’re buying a lifestyle not just a house.
    9
  9240. I’m doing good because I’m in the same house that I bought in 2002 with a low interest rate and I’m in Georgia not Florida so insurance isn’t a problem. I also make a decent income. The biggest impact that I’ve felt is the skyrocketing cost of food. If you want to eat healthy it’s going to cost you. I imagine the younger people are probably the ones hardest hit by skyrocketing home prices and everything else.
    9
  9241. The loan forgiveness was denied by the Supreme Court. So hopefully people didn’t already count on it.
    9
  9242. Love your connection to reality and friendly give and take nature..I enjoy each and every video of yours..Thank you,again and again
    9
  9243. Paying off our mortgage prior to retirement has been so freeing. We are debt free. The peace of mind was worth it.
    9
  9244. Insurance is a scam. They spend more on advertising than they pay out nation wide. What about all the homes that pay in and never put in a claim. We all bitch but never come up with some ideas on how to fix the problem. We have group health insurance, why can't we have that for home insurance ? Appears this is a land grab imo. Just thinking about loud as I'm listening to the video.
    9
  9245. Thanks Michael
    9
  9246. I wonder where all the millions of lower income workers live in florida? Must be a real misery for them to find accomodations..
    9
  9247. I thought about you right away ...and hoped we would hear from you ...wow ....incredibly sad
    9
  9248. i always hit the like button
    9
  9249. Very insightful, this guy knows what he's talking about. Watching the numbers closely always makes good sense.
    9
  9250. I lived in Melbourne Florida. 1979-1990. Rent was 275 a month. Electric was 50 Phone was 10. I brought home 400 a week. What a glorious time!
    9
  9251. I really loved the vibe of this town. Quiet, with enough cool hang out spots to eat and drink, then close enough of a drive to say Clearwater beaches and so on. Thanks for the video.
    9
  9252. Miami is an outlier in the Florida market, it’s still relatively strong; the Orlando area is seeing massive inventory particularly in the vacation/Airbnb/investment home sector- huge price cuts and saturation in those areas. 1-3 years and you’ll see 2008-2011-type cuts
    9
  9253. HOA scam sounds like FTX Exchange and Alameda Research.
    9
  9254. Sarasota is great and evolving...
    9
  9255. Great to see you both together!!!!
    9
  9256. What a treat! Thank you for sharing this! Would love to hear you play more! You are such a talented person! Have a wonderful day!
    9
  9257. Spot on about remote worker wages impacting housing markets. When the pandemic hit tech companies in silicon valley they told everyone they could stay home and work remote. Immediately thousands of them cancelled their expensive leases in SF and moved away to locations like Lake Tahoe and Bend OR. Driving those markets up up up. The pendulum is swinging back as these same companies are now requiring these workers show up at the office. As for the markets like Boise and Austin they both have strong economies going now with more companies announcing they will come there. Take Austin for example, where Samsung Semiconductor recently announced they will build a $20B manufacturing plant. When finished it will employ 2000+. These are good paying jobs. Interesting how these red states are growing while many blue states are in decline.
    9
  9258. A common Florida foreclosure problem--first evicting an alligator family illegally squatting.
    9
  9259. My family has always thought of Florida as our home away from home. We are heartbroken over the news & pray for all the families & neighbors. It does make you think twice about the safety of a high rise condo’s.
    9
  9260. Just moved to Wesley chapel a few weeks ago and I’m loving it so far!
    9
  9261. I look forward to your videos everyday! Thanks for all your dedication and content.
    9
  9262. Great video, but I think you may be missing the forest for the trees, Michael. I'm 61 years old. As a teenager and into my 20's I vividly recall friends and relatives who got married and then immediately rented a modest apartment while saving to buy their first modest home. Since the word 'modest' has been effectively expunged from the vocabulary, young couples over the years and especially today are instead choosing to purchase much larger homes- from jump street.. because their friends have and are. 'Keeping up with the Jone's' mentality is at least partly if not mostly to blame for the 2008 housing crash, led by irresponsible McMansion purchases and instant gratification (to be clear, bad lending practices also contributed greatly to that crash, but no one held a gun to borrower's heads and forced them to sign those interest-only mortgages). Just sayin. To deny this very real phenomenon is to be in deniAL.
    9
  9263. The Reventure podcast predicts a 20% to 40% decline in RRE prices in Florida starting now.
    9
  9264. Yo Michael ! Been watching your videos for a couple weeks now, im planning on moving to south tampa at the begging of next year, i appreciate all the information your giving out for tips in moving to fl, just wanted to say thanks bro! Keep up the good work your extremely underrated.
    9
  9265. With the average down payment being just 6-12% and most people having closing costs rolled into their loan, the average 2021-22 buyer is going to be upside down on their mortgage in early 2023.
    9
  9266. what people fail to realize is that you can''t have a good economy without a bad economy. people want the economy to do better every year. same with with financial markets, positive gains will eventually drop.
    9
  9267. If people can afford it they're better off buying a small piece of land and putting their trailer on it rather than be paying these outrageous space rents per month
    9
  9268. I noticed something about new construction here in the town of Maricopa, AZ just south of Phoenix. Lots of new home construction behind my house. I went to look at some new construction underway as I wanted to see how they put the tension cables in the foundation. But there was not a single house at that statge, they were all framed or further along, but not a single new foundation. When I went around there about a year ago there were foundations with tension cables showing everywhere as well as houses in various other stages of construction. Also, there were very few people working. Most houses under construction didn't have anyone working on them.
    9
  9269. Hi Michael, I have been watching each video even though I can't comment on each one. I find it very interesting and I'm glad I'm waiting this out. I agree that this feels like 2001. It was turning from a seller's market to a buyer's market here in the Mid-Atlantic when I purchased our current home. Interest rates were around 6-7%. These super low interest rates that fueled this demand were always going bye bye. Just not sustainable. Though I wish I could have been fortunate enough to be in position to take advantage to buy a Florida home. So, I'll just wait and like you say here and be prepared for what I need to do in the future when the market better suits me. My situation is going to be changing. I will be returning sometime within the next 5 years. So, I have time. Nice topic and you know I love the scenery of the walk. What neighborhood is that? Maybe I missed it, if you gave it. I was multi-tasking. I think housing prices will continue to fall because of the interest rates and the general state of the market. Like you said, the level of the average home is just too much for American salaries and interest rates right now. This is a correction from the pandemic driven price boom and new migration patterns caused by telework and the low interest rates. There are so many factors that caused all of this. The markets will go through this correction. Same with the 401K markets as well.
    9
  9270. With regards to the mobile homes what’s happening is that they are raising the rent driving up the rent so high to force the mobile home owners to move off the lot and these investors want the land that’s what they want to do. This was a really big thing last year especially in the north parts of Florida. It was all over the news. This is not nothing new. They have been doing this since early last year further north Florida jacking up people rent and or forcing them to move off the ground because investors/ mobile lot owners want the land
    9
  9271.  @MichaelBordenaro  affordable.. but importantly for me it's sustainable.. and the sense of community is something I didn't realize I value so much. I lived in the suburbs back in NorVada and nobody waved or hardly engaged in conversation. These 55+ communities are just super friendly. We're new to it but I can't think of a smarter way to get a certain lifestyle at a predictable and manageable monthly cost.
    9
  9272. Milton is cat 5 now. Things change fast.
    9
  9273. Palm Coast is about 30 miles south of Saint Augustine so those working in St Augustine who can’t afford houses there have a 30 mile commute option so basically if you’re financial situation dictates you can’t afford a place where you wish you could live there’s a less enjoyable but viable alternative. Or if you’re old, lots of senior citizens live there, then peace and quiet is your priority and you order everything online and have it shipped to you and don’t eat out often and stay home. If you have the money owning on Saint Augustine beach along A1A down to Crescent beach is where to go. Congressman Waltz lives on St Augustine beach for example
    9
  9274. One important Advice I learned here on Michaels Channel, you can never change the purchase price of a house but the interest rate can change. So think always twice before taking an important financial decision
    9
  9275. Great points. Great advice. People should cherish the information you have been providing… for free. Only realtors that follow you, are claiming there’s no crash coming. They want IMPULSIVE BUYERS, disregarding the fact they will suffer with BUYERS REMORSE. I understand that they are in desperate need of selling to pay their own bills. This is why I follow you, you’re honest, you have integrity. Thank you for sharing.
    9
  9276. I’m not in the market for a house, but I do follow the housing market of where I’m from in the Albany area in NY and prices aren’t really dropping, inventory fairly low, and lots of 600K dollar homes. Where are these articles? Thanks Michael for a great video today.
    9
  9277. The U.S. even makes it hard for people that go abroad. Ex-pats still pay taxes on their income, this is not the norm globally. Also, U.S. banking rules and U.S. laws makes it so foreign banks don't like working with Americans and also you have to report these bank accounts. I could go on and on. I do think it is valuable to know another language and culture. I am moving to Asia, but it isn't even easy for working Americans to live abroad for the most part because why hire you over another. There are low-tier jobs like teaching English that are available, but if you want to live abroad, you better have worked hard first in America and received some good credentials.
    9
  9278. Taking loan out of your home is definitely not a good idea.
    9
  9279. Ditto!! Glad I lived thru the 70's to 90's - it was a great ride!
    9
  9280. I was considering moving just outside of kc Missouri 3 years ago from PA to a more affordable state and cost of living. The 1 bedroom apartment I was looking at 3 years ago was 800 bucks I just looked up the same apartment it's now 1800 bucks for the same place like wtf
    9
  9281. All of this makes me so sad. I realize people make poor choices, especially in the heat of the moment, and yes, people should know better but no one deserves to their home. That's how families and their pets get separated and it's just horrifying what can happen to them because many will have nowhere to go if they don't have support from friends and family.
    9
  9282. With your sweet loving parents, No wonder you turned out so good Michael!
    9
  9283. Air B&B's will die out. They've started adding all kinds of fees and that's what will kill them.
    9
  9284. Last time I was in Florida in 2009 (I think) -- they couldn't give away real-estate at that time. Every third place was for sale.
    9
  9285. what do you call an old snowman? a glass of water
    9
  9286. Eviction labs front page says 3.6 million filed evictions a year is normal…
    9
  9287. i TOLD u years ago 10% and u said LOL HaHa. Was there 1982 18% and 2006 ..Enjoy ur HOA,TAXES,INS..My Taxes UP $200 enjoy the Storms..😁😁😁😁😁😁😁😁😁😁😁
    9
  9288. I booked a flight to fort Lauderdale just for the weekend
    9
  9289. We're at the beginning of the next market shift now we're seeing small changes that indicate a market correction within the next 12 to 24 months. June is when I would say the true start is because the FED will be unloading their balance sheet which will cause pain not just in housing but economy wide pain. Best to make sure you have job security, zero consumer debt, and cash reserves to the ceiling.
    9
  9290. Imagine being naive enough to think remote work would continue. Imagine selling to move back to work and then after buying another house near work, they lay you off. OUCH
    9
  9291. Housing is the worst ever on the front range of colorado. Inventory has plummeted and prices gone up 20 percent or so in last 1.5 months. It’s pure insanity here. Colorado Springs went from 2400 homes to 1709 in a month. Homes sitting for almost a,year sold at asking price. What is going on here?
    9
  9292. Rename video “The housing market will collapse with this one weird trick”
    9
  9293. Looks like a nice sunny day in Florida. Great info Micheal thanks !
    9
  9294. The rental rates and financial qualification requirements for apartments are making it impossible for a single person to qualify even when you make a decent salary. I don’t really want to do the roommate thing at my age. I enjoy living alone, but it might be time to find a roommate or a marriage of convenience 😂
    9
  9295. I ask the same equation in California. Who has the money to buy homes at the California median home price? Like who has the down-payment?!?! Median home price in California is over 800,000 I believe.
    9
  9296. $550 a month sounds expensive for a Jeep Grand Cheeroke. I pay $500/month for my Acura MDX and thats a luxury SUV. I think you can get the same exact car for $400/month.
    9
  9297. Great headline. These numbers just plain scare the hell out of me. I may never own again, at least not to use as a principal residence. The true cost of owning is crazy. Listings are popping up like mushrooms here in North Admiral in West Seattle. Nothing is selling. You warned us. The landslide is happening and it will take a while just like 2006-2012. Real estate crashes are a train wreck in slow motion. We are there, and people are finally waking up and headed for the exits.
    9
  9298. Michael, I am Gen-X, 4 years older than you. We are the ones who have disposable income and like you, I don't have a wife or kids. I own a house and two cars. You want to know how I did this? Military service. That covered both degrees and my healthcare. You could have done it, also...
    9
  9299. Keep pointing out reality, Brother! The signs of a recession in the making abound. All the average individual can do is get into the best position to weather it. I try to keep 45 days expenses in gold and silver coins at home, to augment my current month's fixed income in cash in a too-big-to-fail bank. I stock and rotate canned goods, water, and ready-to-eat rations. I stock pistol ammo and pint bottles of alcohol to barter with (alkies gotta drink). I plan to build a backyard chicken coop and raised garden beds. I havebestablished relatinships with local farmers. Of course, I have an auto shotgun and 50cal S&W pistol for protection. I store the bulk of my net worth at Bullion Vault in Zurich, so even the US Gov can't confiscate it without violating treaties. I have a 9KW tri-fuel (nat. gas/gasoline/propane) genarator, 1600W Ryobi power station with 4 extra batteries, and 10 40v Ryobi batteries with 120W inverters. What am I missing?
    9
  9300. As long as we have the federal reserve and fiat money, we will always have these boom and bust cycles. There is nothing the government can do to stop it. We need sound money and free markets. Not bailouts, stimulus checks and other forms of government control.
    9
  9301. does anyone else see a new Michael Bordenaro video and think: nice, now i have something to watch while i eat
    9
  9302. Based on how you've talked about your old home town in your other videos, I figured it was rundown and poor. Looks like it was a wonderful place to grow up.
    9
  9303. Thanks for sharing. Reminds me of my 9/11 experience a bit in NYC.
    9
  9304. The solution was placed into the market back in 2007 by Toyota, and the solution is: Hybrid. It has been proven to work, to add reliability to gas engines and to save tons on gallons of fuel. But yet I agree with you, we taxpayers have to pay for these irreponsible decisions of our politicians. Great video!
    9
  9305. Kind of like a car dealer giving you an incentives on an expensive Cadillac
    9
  9306. Shameful. Where can the poor and elderly live?
    9
  9307. Prices need to come down
    9
  9308. White coat investor says to not get too hung up on renting vs buying especially when you're looking for a place to live. Alot of people think it's just a black hole to throw your money away on rent. The reality is that there are so many hidden costs that sometimes its not feasible for someone to buy vs rent.
    9
  9309. I was born in Palm Beach FL and moved to California lived there 5 years I moved back to good old home of Florida I paid 1450 for a studio apartment in Pomona California I came home not to palm beach county but to okeechobee county I paid 70000 for a 2/2 I own no mortgage Californians would pay top money to have a 2/2 45 minutes to the beach and the water is way warmer here don't compare all of Florida to Miami
    9
  9310. Move to florida if you like to fish. Simple
    9
  9311. I just renewed by 2021 Crosstrek for $376 yesterday (6 mos). My home insurance this year is $400. If they are spying on me please keep it up.
    9
  9312. We are in a recession . Look at the hi-tech industry and numbers on recent layoffs .
    9
  9313. The FED need to crash the real estate market. First time buyers should be able to buy a house. Buying a house shouldn't be like a farmer who inherits the land and that is the only way to be farmer. Houses should be bought, not inherited. Actually its going to be very bad if senior citizens have to share rooms to pay the rent and mortgage. Some senior citizens start losing it mentally and are very easy to take advantage of. Those who hurt senior citizens and children just don't deserve to live.
    9
  9314. I stumbled upon your channel because of the collapsed condo. You decided to be a YouTuber than being a real estate agent so I’m going to support your channel.
    9
  9315. I’m so glad I found this channel! I graduated from UF and St Augustine has always been the place I wanted to live someday… I’ve been living in Los Angeles for 20 years, someday has definitely arrived and now EVERYONE is moving to Florida. Honestly, I had planned on moving there 10 years ago but it seemed to slow after being in L.A. Now it is so crazy in California! I’m finding difficult to leave for logistical reasons, love seeing inspirational videos like this reminding me anything is possible. It is there just DO it!
    9
  9316. What a nice video! How very lucky to have such nice parents; you’ve had a good start in life.. glad you’ve gone on to be happy in your adult life…in a place where you love living..🙂
    9
  9317. Hello hello😂 Texas is getting hit with higher property taxes also.
    9
  9318. Thanks for the videos showing the differences in South Florida communities. I love your walking tours that give a sense of the communities. I'm researching places to buy a retirement home or second home in Florida. This video highlights some things to consider about South Florida living. Crowds! I'm a person that is respectfully of laws and just decency. I remember Spring Breaks. Most of the crowd is standing around. The bad apples that come in every bunch are the problem. It is not about race. Most people come peacefully to just hang out and have a good time. Some people do get sucked into doing things with alcohol and GOD knows what, in a crowd, that they normally would not do themselves. This is just human nature, unfortunately. It is no excuse for their behavior, we need to be responsible. This is what the police are for, to keep things in hand. The police appear to be doing a great job, thank goodness for them and the city workers who clean up the mess. It is sad that some people don't have good home training or the sense to leave an area better than they found it. We were taught these things at home, in school, in church, in Boy Scouts/Girl Scouts etc. I'm 59. What happened to teaching these good values. I feel your disgust in this video. I see this all the time in many cities in the U.S. at street lights, events, parks, and while in traffic at on-ramps: people discard trash and stuff because they can, they don't care, and there is little chance of any penalty or getting caught. Some people don't know what freedom is. Just because you are American, you can't just do whatever you want, their are laws; and, your rights stop where another's begins. These laws and rules of decency keeps things nice for everyone. I also feel your delight of the surfers, the birds, and beautiful sand. I agree that the stimulus and the relative open for business policies of Florida are bringing the extra crowds this year to many Florida cities. We have to take the bad with the good sometimes. Thanks for the insight. Sorry this is long.
    9
  9319. Are they going to make you have certain medical procedures to keep getting your free dough?
    9
  9320. Having payments on your home of 30% for a person that makes 5000 a month can surely not be compared with 30% housing cost for someone that makes 30000 a month. In the first instance the buyer has 3500 left for all other expenses, while the high earner has 21000 left over for food, clothes, transportation etc etc. Are they nevertheless treated equally with respect to the 30% rule?
    9
  9321. Hey...Come On! Doesn't everybody have a $7400 Mortgage Payment..??!! She Deserves the Best!! 😉
    9
  9322. I agree 100%. I recently was in a mtn bike accident in Cape Coral. I was in the trauma unit for a week and met many younger nurses who were frustrated for your very same reason. They were life long residents of Cape Coral. Not only did they give up trying to buy a home with their savings but now they can’t even afford the rent. Their next move was to move away from that area. Very sad. People who helpedbsave my life now can’t afford housing.
    9
  9323. Hopefully it has started, but it has a long, long, looooong way to go! Prices are STILL outrageous.
    9
  9324. Losers? Wow so harsh. I guess you were never green once. @MichaelBordenaro 
    9
  9325. I’m getting a better return from treasuries now than I would have on the rental house I was under contract for before it blew up
    9
  9326. Where do you think those thieves will move to when the stores close?
    9
  9327. Wow, it seems we are truly doomed to repeat history. Reliving the 2008 era before our very eyes. Stay cool! I'm visiting family in Dallas it is hot! I fly back home to St Louis Saturday to cooler weather.
    9
  9328. A home is not an asset it's a liability.
    9
  9329. Those overpriced houses that you keep showcasing (and keep doing that) aren't even particularly nice.
    9
  9330. Michael! You were wrong! You said it was going to crash. I expected a 50% drop the next day! No ups and downs, no fluctuations allowed. Straight to the bottom in 24 hours! NO EXCUSES! You FAILED to live up to MY EXPECTATIONS!!!!!😉🙄🤣🤣🤣🤣
    9
  9331. Glad you can still afford your condo without having to go on a world tour with The Michael Bordenaro Band! 🙂
    9
  9332. Hey Michael. Here is my story. I bought my home in 2007 for $198K. It was new construction, the model unit 3 bed 2.5 bath. In three short years by 2010 my value plummeted to $120K! A few homes in my community foreclosed which allowed undesirable people who could not otherwise afford the neighborhood move in. Consequently the neighborhood downhill. I wanted out badly but was stuck in an upside down mortgage. It took ten years to regain enough equity to sell. For 13 years I paid down the mortgage at super low interest rate. I sold in 2020 when I had enough equity. Now I'm waiting for the right opportunity, right state and city to buy again. If you or anyone reading this has suggestions of a great place to live where property taxes are low, crime is low, and natural disasters are low, I would love to hear some suggestions.
    9
  9333. Ramsey said that he met God on the way down. In other words, when he lost everything and went broke because he ended up in an upside down situation when the bank pulled the rug. I’m amazed that he wouldn’t consider that when advising other people. Very dangerous time right now for new buyers.
    9
  9334. Hi Michael - Glad you are here in So Cal for a visit. Corona Del Mar is a wonderful area but the prices are not representative. Try someplace like Huntington Beach or Irvine. Still plenty expensive but way less than CDM! Enjoy your visit and we are glad you are here!
    9
  9335. and in time they will be leaving Florida too... low wages...higher cost of housing now....not to mention trying to get any type of insurance...people can have Florida
    9
  9336. Im sitting here with 100k in the bank and no mortgage or car payments. Bring on the deals!
    9
  9337. Well this is not the best news for us realtors and mortgage officers!
    9
  9338. You're spot on, Michael. I'm retired Mortgage Broker/Banker (30yrs in the business) Keep up the good work!!
    9
  9339. 1.5 million dollars?????????????????? OMFG for that tiny little thing??????? 10x in 25 years? that's completely insane. nah, no bubble here.
    9
  9340. I think Pass-a-Grille is my favorite place in Florida! I've been there too many times to count and I've never seen it that busy, probably because of the holiday. We used to stay at an air bnb about 3 blocks off the southern point. You can go into the street and look right to see the inter-coastal, then look left to see the Gulf. Great shelling down on the point, especially after a storm, many walks on the beach up towards the Don Cesar, incredible sunsets, and many nights I don't remember at the Brass Monkey! It really is a little gem. <3
    9
  9341. so short sighted... USA is different than 2008 demographically. People who are not originally from USA tend to stay at home with family until married. You completely missed the cultural shift over the past 15 years.
    9
  9342. My friend at the title company in my Texas area is super busy. Doing home equity loans. :( I like long discussions
    9
  9343. I usually just sit on the couch and eat potato chips in my underwear when I have a house showing.
    9
  9344. Great info about Mobile Homes. About 30 minutes south of me in the town of Livonia New York a developer installed 11 Mobile Homes on a small parcel of land on Conesus Lake. I believe he keep the best one for himself (closest to the waterfront) and listed the other 10 on the MLS. So far he has sold 3 and has 7 still listed. So for 100K you get a brand new 500 sq. ft. trailer. The lot rent is $999 a month, and I believe that they shut down for Jan, Feb, and Mar. for winter. It appears that parking is limited. You can check it out online, on the MLS, and the pics, when you have 10 minutes to spare. Yea, you have a place on the lake, and you have a nice boat dock to use, but that $999 a month lot rent is the killer. and the fact that you can't use it as your only home, also means more $$ to spend on a second home to stay 3 months of the year. Although many people don't want to be there during the winter because it's dead. Keep up with your great content Michael.
    9
  9345. The same families have run the same game for hundreds if not thousands of years.
    9
  9346. Rates are back to the late 90’s. My mother was a realtor in the late 80s and 90s. She told me rates were in the high teens in the late 80s and the ballon loans were the most popular. A 10 year was 9.5. Crazy!!! Where will rates land? 🤨🤷‍♀️
    9
  9347. What people don't get about the economy is that the 3 sectors of the economy (private sector, public sector and foreign sector) can't all be in surplus. The only way for the private sector to run a surplus (which it needs to do to stay out of recession) is to draw that surplus from one of the other sectors. And since it can't draw the surplus from the foreign sector because of our trade deficit, it must draw it from the government. So until we get rid of our trade deficit (which can't happen unless the US loses it's reserve currency status) the private sector will rely on government deficits to stay afloat and calling for a "balanced budget" is basically calling for a recession
    9
  9348. How do these sellers expect their hose went up double in 1 year. I'd go in and offer about what they paid. Probably still to much
    9
  9349. I would like to see a law for Florida similar to Ontario's as I'm sure foreign investment is a factor in Florida's expensive housing market. But that's only because I hope to buy a house in the future. My guess is that current Florida homeowners would not like that law.
    9
  9350. Flippers are done too. They delusional too
    9
  9351. Macdonalds is gross , nowadays & there prices are high .. nothing on there menu is appetizing yuck
    9
  9352. Italy has a population problem which means houses are available and she could get some nice places for a decent price.
    9
  9353. 2020 to now is an anomaly, corrections are unavoidable and could be as brutal as the upswing. My opinion, of course and just based on statistical analysis!
    9
  9354. We have at least three more rate hikes in front of us, and if inflation persists (it always rises in the summer, by the way), mortgage rates could easily go to 10% and remain at or around 8% for the rest of this decade. That's actually a reset to normalcy. Learn your history: Historical mortgage rates have averaged just under 8% since 1971. The low rates of 2008-2022 were an historical anomaly, not the norm, and it's a period unlikely to be repeated. You won't see 3% mortgages again.
    9
  9355. WHAT!!!!??? Don't get me wrong Mr. Bordenaro, I think your takes are very valid and informational. However, I have a 3.5% interest rate. If people who have 3% rates are foreclosing, to me that is more of a spending problem than a economic problem.
    9
  9356. I'm from Wyoming and was looking at houses to buy......but I don't want to cut grass or maintain a house. Will look for condos now.
    9
  9357. Crash bros
    9
  9358. Just looked at a property today down the street from my house. its 2mil. If paid off completely youde still have to pay over 3gs a month. Shits broken man!
    9
  9359. I just paid cash for my home in New Port Richey, I said good by California. My third week here in Florida and I love it!
    9
  9360. Hey Michael, what are your thoughts on living with parents rather than leaving the "nest". I have zero rush to buy a house. I graduate next year from university (no student debt thank god) and I feel pressure from society to buy a house. I guess it's a case of keeping up with the Jones' or seeing other peers around my age getting into home-ownership.
    9
  9361. When prices get more stable you will see an increase in home inventory. People that would like to make a move are staying put. Sure you can get more money for your home, but like my friends say, I can’t afford what I like so there’s no point in selling.
    9
  9362. Americans moving from this state to that state, trying to survive. What does that tell us? America is no longer the greatest country in the world. Homeless everywhere. The "value" of the dollar is GONE.
    9
  9363. The residential part you loved is the town of Jupiter Island. Some of the homeowners whose residences you passed include Tiger Woods, Venus and Serena Williams, the Bush family, and Greg Norman. The town is so wealthy that they take photos of every vehicle that enters at either of the access points.
    9
  9364. Ya, making less money is tough. Wife just left her job, took like a $20k pay cut. She had to though. Her job was getting waaay too demanding. I am gonna leave my profession of 12 years to start a businesses on the gulf coast. Love the beaches there! I'll be leaving a comfortable job, but there is not much here for me. No upward projection, job is becoming too stale for me. If I dont get out now, I am just gonna sit here and do the same thing and life will just pass by. I think moving and reinventing myself will he good for the soul. Ita not easy. I hope you and you're wife can figure out a solution. Sometimes you just have to take action and roll with the punches.
    9
  9365. Do 83 year old ladies on the Interstate in Florida count as Natural Disasters
    9
  9366. Love Florida’s beaches anytime, but especially when it is warmer. I love the bath water feel! Heading up the California coast in a few weeks with my son. Gonna go through Big Sur, and up to San Francisco. Can’t wait!
    9
  9367. San Fran is a window into how CA will look one day. And now Newsom has his sights set on the Oval Office! Heck no.
    9
  9368. Great video. Older people don't like stairs. I won't buy a townhouse.
    9
  9369. I moved from LA to Miami beach, that was one of the best decision I ever made. The only hard and surprising thing was for me, it's hard to get a job and make new friends, if you don't speak spanish. It's easy to feel like an outsider because of that.
    9
  9370. If all the people getting screwed on insurance just stopped paying for it what would happen? The banks aren’t going to want to forclose. That would bankrupt them. Who would want to rebuy these?
    9
  9371. I’m in Canada but find your channel and info very useful. Toronto has been a hot market for years and as a result, all of the surrounding towns have gone up in value too. Now that the interest rate has consistently risen, we’re seeing some pretty decent drops in price from the Feb highs. My wife and I sold high in May and have been in a short term rental, ready to buy in the Fall. We’re weary of trying to time the market, because we know how fast things can change and suddenly not be in our favour. That said, your perspective is right in line with ours so it’s great to get an experts opinion on how to handle the market. Thanks for posting
    9
  9372. Since I've been born nothing ever goes down here in America .ever ,
    9
  9373. I'm offering owner carry with 0% interest rate. Why? Because I don't trust Banks. So what would I do with all that cash? I'm not interested in buying another house at my age. A good rental will suit me with the few years I have left. So I'll be happy with monthly payments from my sale.
    9
  9374. Thanks for the Southern California travelogue. You pick some nice walking place and the scenery is more diverse than Miami with the hills, canals, trails, etc.
    9
  9375. Remember - If you do not time the exact bottom of the market, you will lose on the way down. It could take 3-5 years or more to get to the bottom then you'll have to wait for prices to increase again. If you don't buy a house, add up x number of years of rent payments to your losses too.
    9
  9376. The people’s faces as they looked at your camera were hilarious! 😆😂
    9
  9377. I live in a historic district in Phoenix, so I get a break on property taxes. I'm one of the lucky homeowners.
    9
  9378. If property taxes are killing you in the US, then consider moving to Mexico, in Mexico property taxes almost never go above $200 a year, and that's for decent size homes guys, I'm talking 1800 to 2500 sqft homes here.
    9
  9379. Companies are going to buy up all the houses. Not families.
    9
  9380. I paid ~24k on commission when I sold a few years ago
    9
  9381. CA looks just like FL except without the humidity.
    9
  9382. We've been priced out and rent went up 38%, should I wait or take my talents up the road to Orlando? Even Miami Gardens has become unaffordable. I need space got 3 kids
    9
  9383. Im not thrilled with the prices for the California formlated gas, but I grew up in the Bay Area in the late 60s-70s, and the smog was no joke. So, it is nice to have noticably cleaner air with much more traffic
    9
  9384. No offense but how does that even make any sense? If inventory lessons, why would prices drop more? Seems odd
    9
  9385. Thank you for today’s awesome video, Michael! I’ve been a broken record talking about how I’m going to be renting a SFH starting the middle of May. I’ve had my eye on the rental market here for months. It’s incredibly frustrating to watch houses sit on the rental market, for 60 to 90 days, and see these property management firms adjust the asking price by $5, then four days later, they raise it $10. It’s ridiculous. It’s also frustrating because I can’t get the local reps for these firms to respond to my inquiries about properties! I guess no one “needs” my business? And, the fees they are charging…. 🤯 We are truly living in a different world. I appreciate you, Michael!
    9
  9386. The worst areas in Florida are still much safer than many big cities like Chicago, Los Angeles, Baltimore, Washington D.C. New York City, Philadelphia, Portland, Minneapolis
    9
  9387. Im in tampa and am a junk hauler for now. So many old people live in condos and are stttrruuugglllling to keep up with expenses. Its not just the hoa. Its their transmission just went out or some other crazy expense.
    9
  9388. Nice shot of that Riviera Yacht. Can’t wait for the crash of the banks and markets to purchase one of my own.
    9
  9389. congratulations on the 300K subs
    9
  9390. Great video! Are you able to find out the age of the tenants in these Condos facing “bully” buyouts? Concerned about the elderly/retirees being taken advantage of.
    9
  9391. My job transfer is in. I’m moving to fort Myers with in 3 mos !!!
    9
  9392. For single family homes I found this "According to US News and Freddie Mac, homebuyers should actually budget up to 4% of the property's value in annual maintenance costs. That's $12,000 for a $300,000 home or $1,000 per month. If you have a home worth $1M, expect maintenance to be up to $3,333 per month." - that's maintenance only, not including insurance. This seems to be in line with the numbers you mention here Michael.
    9
  9393. People will not buy the houses others have to sell so banks will hold the debt. We are in a Recession with manipulated numbers..what comes next is Depression.
    9
  9394. Inflation is down! Everyone go buy the Brooklyn bridge 🌉 !
    9
  9395. Everything is so beautiful! Nothing to worry about ! 🤔That’s what you say to children when you don’t want them to be scared and children will believe that! 🙈
    9
  9396. Glad you found a profession besides your real estate business even if you no longer doing it
    9
  9397. really enjoyed your "walk and talks" across America....excellent presentations and topics! also enjoyed the guest appearances, especially Lizzie!
    9
  9398. Been a dream of most of this 65 year olds life to live on the beach in FLA. Finally getting the discipline to pass, Unless the situation drastically changes.
    9
  9399. “It’s not what you make. It’s what you keep.”
    9
  9400. Pulling equity out during the biggest bubble EVER is going to be subprime 2.0.
    9
  9401. $1900 a year to 3700$ this year on a 575k home..
    9
  9402. Wow, don’t remember this happening when I was young.😢
    9
  9403. Hey, Michael. This is a weird question, but do you sometimes get homesick and miss Illinois? I've been having second thoughts on purchasing out-of-state since I'll be so far away from where I grew up.
    9
  9404. Beautiful. 🌊
    9
  9405. This solidifies my theory high income earners are naive.
    9
  9406. Very helpful. I have been to florida last year so I can relate 1. Florida beaches are relatively narrower than LA beaches which are very wide 2. Florida beach relatively go deeper quickly than LA beeches where you have to wade too far (in my opinion) 3. Water is cold in LA than in FL 4. Highrise building in florida beaches vs low rise in LA. Live right on front of the beach in LA 5. Sea wead is different in both places 6. Mostly sunny in LA, usually cloudy in FL 7. Great white sharks in LA, other type of sharks in FL
    9
  9407. I moved to California from Ohio. I have lived here for 44 years. The 1st ten years were in the Bay Area, mostly in Sausalito which is in Marin County. It was beautiful and the weather is perfect. I lived on a hillside with an amazing view, took the ferry to work in the City, frequent trips to the wine country and felt very fortunate to be there. The downside is that it is overpriced [with high taxes] and you can’t avoid San Francisco [which you don’t like] because that’s where the jobs are as well as essential services and entertainment options. The past 34 years, I’ve lived in SoCal in the Inland Empire, where I was able to purchase homes at a reasonable price. The trade-off is that it is nowhere near the beach which, to me, was not important. I work in downtown Los Angeles which has deteriorated, especially since the pandemic began. The homeless people have taken over not just downtown but Santa Monica and other neighboring cities. California is terribly expensive and I’ve recently decided that it is not worth it. A few months ago, I purchased a home in North Carolina and while it is a 2nd residence for now, I will someday sell my home here and move to NC permanently. I have been fortunate to make a good living in the entertainment business but often wonder how people who have average incomes can make ends meet in both Northern and Southern Cali. As you may know, the Bay Area is generally more expensive than even L.A. and San Diego. This is not a good time to come to California. There are legitimate reasons for the mass exodus taking place of late, not the least of which is loss of jobs, revenue generated and tax base from businesses who have relocated to Texas and other States. Finally, don’t underestimate the tax advantages and freedoms you have living in Florida. The grass is not always greener on the other side.
    9
  9408. West coast Florida and East coast Florida have tropical vibes
    9
  9409. I was thinking condo fee just as your mentioned it😂 Those reason you stated is the reason I got a townhome..my fee is $150 a month includes building maintenance and landscaping and insurance..
    9
  9410. Interesting it is a 3 story building, not a tower.
    9
  9411. His name is Michael and he's not paying the high gas prices because lately all he has to do is walk around a small peninsula, pet cats, pretty sure I've seen him piss off a squirrel, and just today I think I saw a dolphin jump out of the water saying hi to him he's like a Disney princess LOL.
    9
  9412. I love my HOA. I pay a quarterly assessment so that I can get services like a warning letter for leaving my recycling bin at the curb for 12 hours too long. What a bargain!
    9
  9413. I don’t feel bad for them. $10 for a happy meal in Arizona. Ridiculous
    9
  9414. Enjoy your videos, have learned a lot. I also appreciate the hard work you put into them. Here in Coastal SC we still have high rent, home prices are high also but the difference is that they are on the market much longer with some reductions. What was a two day or week contract is still sitting at 60-90 days. Thanks again.
    9
  9415. For years I dreamed of living in Florida. In 2016, I moved to St. Augustine and thought I'd finally realized that dream. When the pandemic came, the dream ended. Hundreds of thousands of people poured into Florida from the North and everywhere else and ruined everything! St. Augustine was a very desirable area to live in for a few reasons, but one of the main draws is the St. John's schools. The area was very clean, roads had no trash and people were nice. Now...no more. There's trash and garbage on the roads and the people who have moved there have brought their not so nice ways with them. Long story short, I moved out of Florida in March and wont ever go back. I wish anyone who moves there good luck. The only thing Florida has going for it is Governor De Santis. He's awesome!
    9
  9416. Its 0° here in Missouri right now. CA is too expensive and jacked up so I have a double wide going up in St Augustine and never looking back!
    9
  9417. It’s unfortunate that all condos in Florida are being affected by such wild headlines. For one thing, the structural engineering study and repair requirements are only applicable to condo communities that have buildings with three or more stories. There are many Florida garden-style condos/villas that are two stories or less. These are going to hold their value as long as the HOA reserves have been continuously fully funded over the last few years, such as the condo I live in. In ten years my contents insurance has gone up only 50 percent, about five percent per year, which is quite reasonable for Florida. Taxes on my condo have remained relatively steady due to the law that allows taxes to go up no more than three percent per years for Florida residents.
    9
  9418. The fed will raise rate by a 1/4 point next week. Inflation is a major concern still.
    9
  9419. I miss the beautiful blue sky. Rhode island sprays us like bugs all day
    9
  9420. I've been living in NYC for over 20 years, I'm Dominican 🇩🇴 but I see why people in Florida not open to certain people specially from NY and California. Simple leftist policies have ruined these cities and States so of course the locals in Florida gonna feel like that.
    9
  9421. Watched one of your videos on Friday speaking about this.. Saturday morning opened up the NY Post and read a small article about Zillow doing this, I immediately thought of you and said this guy is on the money!
    9
  9422. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Good Morning 🌞 Michael I was just wondering 💭 What usually happens to all the Cars 🚗 that have been flooded out by these Hurricanes?? Do they sell them to junk lots? Thank you for all your comments,thoughts and information. Blessings, Carlos ✝️🙏❤️😊❗️
    9
  9423. I've lived in Florida for almost 50 years and a small part of that time I lived in Clearwater. Michael was spot on regarding the migration pattern of those coming to Florida and living here. What I didn't like about living on the west coast was that I found mid westerners to be very clannish people. If you were not from the mid west then you're "out." Mid westerners stick together and, I'm sorry to offend, but they were a bit unfriendly.
    9
  9424. Just got a place in Ormond Beach, was looking for months, had to pay six months rent in advance.
    9
  9425. Happy Friday Lizzy and Michael, Thank You! Hope you two are enjoying California. We did a drive down Pacific Coast Hwy. while visiting California before COVID & all the crazy, just beautiful!
    9
  9426. Like 👍 before saw it
    9
  9427. I was originally from Michigan and have lived on both the southeast coast and southwest coast here. Regarding the heat I found that unless you lived on the intercoastal or the beach of the east coast, the heat and humidity was around much more of the year. On the west coast it is only bad June through September and I do not live on the beach but a few miles up a river. The first year was hell to get used to but I learned to put the AC higher than I did up north so that when I walked out the door and hit that wall of summer heat that it wasn't such an extreme change and therefore didn't make me feel like passing out. Also for the west coast the humidity mainly soars once the normal summer PM and evening thunderstorms hit and then it stays through the night but lowers by midmorning. I've long since acclimated to it and learned how to deal with it but many choose to not bother or just can't so head back north. Don't bother to come to south Florida if you don't think you can handle 90+ temps with triple digit heat indexes and up to 100% humidity. You'll be miserable.
    9
  9428. I love me some recession! Got a bag of cash to buy sells offs! That Rolex for $100, that Ferrari for $20K, and that cabin in Lake Tahoe for 50% discount. Time is on my side 😂 Bring the panic and fear baby!
    9
  9429. Sounds like the real inflation rate of closer to 15%
    9
  9430. Housing in California is INSANE!!!!
    9
  9431. i been living here almost all my life and everything he said in the video is %100 true there was nothing off , he just forgot to mention that some people here even get pissed off if you dont know how to speak spanish😂 And the customer service part is true everyone here had an attitude and the road rage here is deadly lol
    9
  9432. let them struggle to sell. Let reality hit them
    9
  9433. I can't wait for 2023 to come around and it's June and suddenly the comps come in and current listed properties have to drop to match the comp. Then the panic comes and inventory comes in past 2019 levels
    9
  9434. In my city they closed down a few of the targets at 6pm or something crazy because of the theft. You can see entire blocks of the city being used to sell stolen stuff.
    9
  9435. I live in Orlando suburbs, but dream of moving to the St. Petersburg/Clearwater area. Gorgeous beaches, cute neighborhoods, great restaurants & night life - I visit whenever I can.
    9
  9436. Texas is cheap. Personally, I don’t care for it. My family lives in Texas so I’ve visited many times. Moved to Clermont, FL. 3 years ago. One of two (I think) cities in Fl that has rolling hills. I love everything about Florida except the heat and humidity. Also, I work in Winter Garden at an school and we have a huge influx of Brazilians. Most of our new registrations are Brazilians. Other places people move from is New York, New Jersey mostly.
    9
  9437. I am finally starting to see foreclosures coming up for sale in some areas frustratingly they are double the price they were pre pandemic but at least they are somewhat affordable.
    9
  9438. Mail your check inside the postoffice. Don't drop your check in a blue box. The post office also has a notification system when you receive mail. Everything helps.
    9
  9439. All of this craziness with real estate is making people feel insecure on top of everything else. I guess gone are the days people had security in their jobs, bought a home, and lived in it for the entirety of their careers. It should be a place to live, where you create memories and a community . Now it's just another commodity people are willing to gamble on, or hope to cash in and wash and repeat. No wonder we don't know our neighbors, or are so quick to dislike them. Everything is temporary from the washing machine to the home. What are we really doing?
    9
  9440. My whole family experienced this with Florida real estate for decades. Get that homestead and cap those tax increases by 3 percent. Also protest the taxes if/when foreclosures happen. New Mexico does not have a homestead like Florida but any property purchased has a 3 percent tax cap regardless if it is a primary residence or investment. Then again, the politicians are sitting on a bill to limit this to the primary residence only
    9
  9441. Born and raised on FL and I'll say Florida will stay strong... Until all these neighborhoods are built and on the market. Than its gonna be the Ole new houses competing with existing homes. The supply chain issues are what's slowing the ultimate crash from happening. I'm seeing more houses up for sale and staying on the market longer.
    9
  9442. I was in the coffee shop and I see electric car pull up with a Biden Harris sticker on the back.. and I say this looks like it could be a disaster oh and the car was a import car also . So he comes in with his wife she's pretty disabled and they're retired ... I told him that I closed my auto shop down and I'm retired now because I didn't want to deal with the government anymore in my business... Boy did that open a can of worms... Anyway the old guy started to ask me that I must have been doing something wrong to cause me not wanting to stay in business anymore... I kept it civil but I told him that my sister is a school teacher and we don't agree either... Enough said... We both agreed to disagree ...😊
    9
  9443. Asking an outrageous amount for a rental and then claiming it as a loss is fraud. Meaning, the IRS will not go for it. It has to be reasonable losses. So, during an audit they would look at similar comps of ACTUAL rentals; not a dreamed up asking price. Honestly, it would be sheer stupidity to think the IRS would allow a person to do this. 😂 (Not calling you stupid..but the person who would think that they would get away with doing it)
    9
  9444. My inflation meter is just a matter of looking at my local gas station prices. And it’s not good and hasn’t been for just over 3 years now. 🤔🤔
    9
  9445. Florida’s seawater is 98° today. It is cooking the coral to death.
    9
  9446. You don’t have to thank God for the freedoms you had in Florida during the pandemic. You only have to thank republican leadership.
    9
  9447. How will the high cost of energy, food, transportation, gasoline, etc impact the housing markets? If housing prices go down will there be more buyers that can afford them with the cost of living continuing to go up? Also political uncertainty and war have impacts as well.
    9
  9448. BNPL helped me when I was fresh out of a divorce—with 2 small kids—was finishing up a professional program. I never paid any interest—because I chose the term without it. I was able to avoid credit card debt and personal loans—because I made decent money at the time I just could not pay out large amounts of money until I could get my savings up. So if used appropriately it is a helpful tool. I now make $165k a year-very thankful!
    9
  9449. Riding down Collins Ave like a true one. Miami Beach vibes.
    9
  9450. Agree with the failures and unexpected consequences of rent control, but what's the solution to tenants, often on fixed incomes, having their rent increased by 20% or even 50%. That's disastrous to many people. I've seen too many stories about fixed-income people in trailer parks or fixed-income seniors seeing their apartment rents jacked up being their ability to pay. It seems both sides of the pendulum have extreme and terrible consequences. So while rent control has big problems, I think people vote in these measures after too many people experience huge rent increases. Where is the solution? Love your channel, Michael.
    9
  9451. 1. About the diversity in music. I live in Orlando and theres WAYYYYY more diversity here than there is in Miami. Miami although very diverse in its own right, is HEAVILY influenced by Latin culture. Orlando literally has a mix of everything. 2. As far as weather is concerned. Not all of Florida is the same weather all year round. Miami might be Warm/Hot all year but here in Orlando it gets cold. Just last week in the morning it was in the high 30’s/40’s. I even had ICE ON MY CAR! Lol. Theres even instances of it snowing in North Florida these past few years (Not joking. Look it up).
    9
  9452. This is where some people got it wrong. They always think that buying a home is an investment when they're the ones who will live there. If you wanted to invest, take an ample amount of time to learn the most suitable options for you as an investor. Weigh up the status you're currently at, this could save you a lot from future complications. Appreciate the update, man!
    9
  9453. I wouldn't be surprised to see more young people live in R.Vs, and conversion vans.
    9
  9454. Screw the average person who has saved their money and tried do things the right way.
    9
  9455. Maybe people won’t get ripoff by the coverup of the buildings problems like in the past
    9
  9456. If you pay these high prices for a home that's on you .when prices fell like in 2008 and it will happen again your home was not worth one third of what you paid
    9
  9457. The building had structural deterioration problems for several years ... Management ignored the issues !!
    9
  9458. Also,do not waste your money to buy expensive wedding gifts for people because 50% of couples do get divorced within 10 years( many much earlier than that).
    9
  9459. Love this video. I am a happy person by nature but also a loner. I enjoy some people around but don't like parties or large gatherings where you are expected to be sociable. I hate it and always have. It is so great of you to open up like this. My kind of person ;)
    9
  9460. i left orlando florida and came to san diego since february but although I love california im home sick and not fond of the laws and control here its just too much Im going back to florida as soon as this lease is up im really going to miss the veiws here the mountains becuase florida is just flat and very humid rains so much but at least there is no fire season no state is better than the other depending on what you looking for and can deal with california people have been more nicer and welcoming to me and florida was way more ghetto with rude people and less money the money is better in california but we must pick our poison right <3
    9
  9461. I hear you. I'm quick to cut people off based on their neediness. Our happiness and success comes from within, or at least I think so.
    9
  9462. Happy Labor Day weekend! 🥇
    9
  9463. Triple Rectifier and an LTD....tells me you are a good guy. SWF here. Keep the New Yorkers and their liberal values on the east coast! And yes...we get the freaking hurricanes!
    9
  9464. For the first time in years. Hardly no one is selling or buying in my neighborhood here in Burbank. One went up for sale yesterday for 1.3m it will most likely sit for weeks.
    9
  9465. I lived there as a kid, pine hills was the poor side of town. Glad I'm out😊
    9
  9466. My two favorite real estate guys. Glad to see it
    9
  9467. I'd love to be able to work from home 2 days a week.
    9
  9468. The title of this video is absolutely correct. I have been saying this for quite awhile now.
    9
  9469. I am moving to Port Orange in October. I am so excited! We always need to take into account the risk of flooding. Some places you mentioned are in high-risk flood zones.
    9
  9470. I love these walking tours and learning a bit about the area. Your voice is soothing and your commentary makes the video even better!
    9
  9471. PG&E BURNED 🔥 The town of paradise California, and the people still haven't received their money almost 4 years ago
    9
  9472. It's always a good video when Lizzy comes along. She's a star.!
    9
  9473. Best Wishes, Michael, to you and yours for this coming year. All the valuable information you're giving is much appreciated here. Cheers ! And stay safe.
    9
  9474. Michael,......Imagine if you had just spent 1 week with a nagging spouse and 2 rotten kids at Disney. Empty wallet and broken spirit for sure. You got off easy. Consider yourself lucky.
    9
  9475. I think the lower price would be best, but I'm guessing most people might not have $20k to drop on a new roof and you might not be able to get any extra financiing for repairs.
    9
  9476. Inflation is everywhere
    9
  9477. Wishing I was there right now as I'm buried in 2 ft of snow in New Jersey FML ☹️
    9
  9478. Michael - if people would have bought in 2021 and early 2022 when you told everyone it'd crash, they'd be paying less for their mortgage than the RENT is today.. How do I know? Because I ignored the doomers and bought a giant house and the payment is $1900, a house up the street is up for rent for $2600 and IF someone bought today, it'd be $3100-3300 with these high ass rates..
    9
  9479. I feel like taking out a loan on your home is always a bad idea. Great video as always.
    9
  9480. Great video! Honestly, I don’t think restaurants will be hit too hard with the recession, as crazy as that sounds. So many people don’t know how, or are too lazy, to cook for themselves these days. Even during the pandemic, my restaurant was slammed every night on to go’s. I think people will just charge it on their credit cards Also, as far as affordable housing goes, I cannot understand why we don’t build small, modest, affordable homes anymore. We did it after WWII, and we can do it again. Or what about condos/townhomes/row-homes with affordable HOAs? Not everyone wants a single family home. There are so many ways we could start solving these issues, it’s such a shame that so little has been done
    9
  9481. Minute i pay off the house, im canceling insurances. Been paying ins since 1994 with zero claims. Imagine if all those payments I had as a savings account. My mortgage just went up $200 a month cause of escrow. Every year it goes up cause of insurances. I am so done!!
    9
  9482. HAPPY FRIDAY FROM THE DESERT MICHAEL AND LISSI 🌴🌄🌴
    9
  9483. Great analysis, traffic is worse in LA, Miami drivers are the worst in US, Orlando and Jacksonville have bad drivers but they drive cheaper cars than miami. Florida does not pay well.
    9
  9484. Whole frozen turkey at Publix is $.49 a pound for Publix brand and $.99 a pound for Butterball. Less than last year! 🦃
    9
  9485. My nephew works for a large real estate investment company in the Atlanta area. They recently put a freeze on buying new properties. They have a huge surplus of inventory. They’re the canary in the coal mine.
    9
  9486.  @MichaelBordenaro  I lived in California; middle of the day during the week; everyone is at work; working their a** off to pay for the expenses houses😮
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  9487. I owned, and lived in, a townhouse in Massachusetts from 1992-2003 (11 years). I paid $98k, sold it for $265k, that’s a 9.5% annual rate of return, plus it was my home. Great investment. I then lived in an apartment for six years until 2009, when I moved to Florida where I bought a condo on the intracoastal for $181k. This time I put $29k into renovating it, so my total investment was $210k. I lived there for 7 years until 2016, when I sold it for $255k. That yielded a 3% average annual rate of return. But, as with my Massachusetts townhouse, it was also my primary residence, so I effectively lived cheap. In both instances my cost of ownership was just the property taxes and association fees. In 2016 my plan was to live overseas for the next phase of my life, so rather than spend the proceeds of my Florida condo sale on another property, I dumped it into Apple stock. Subtracting closing costs and commissions I ended up with about $240k, and I used $226k of that to buy 2000 Apple shares at $113/share. This was late September, 2016. I then went off to live in The Philippines and Vietnam, paying cheap rent for the last five years. Those 2000 Apple shares have become 8000 shares after a 4:1 split, and today, at $149.10 per share, are worth $1,192,800, and yes, I still have them, along with other shares I’d bought at different times, and other stocks, so in five years I turned $226k into nearly $1.2m. More than that when adding in the dividends those shares have paid over five years. That calculates to a 40% average annual return on investment. Conclusion: a well considered investment in a business that is well managed for growth and produces valuable products and services is very hard to beat. Investment real estate is not as liquid, incurs maintenance costs and requires active management, and rarely yields such returns for individual investors. Can it be done? Yes, but nothing has beat the stock market over the last 100 years. Not even close. The goal is to grow your wealth while also offsetting the cost of devaluation. Regarding that second goal, many people look to gold as a hedge against currency devaluation. But if you look at how good has done compared to a business like Apple, or Tesla, or many others, you’ll find that your pile of dollars has grown far taller with well considered stocks than with gold. In investing, you should accept the conditions as they are (not rail against them as so many do) and seek to work your way through those conditions to build the tallest pile of money possible. That way, even if all your dollars are devalued, you’ll have so many more that you’ll still be far ahead in life. Bitcoin is not a hedge against dollar devaluation and inflation like gold is; bitcoin is a lottery ticket. It’s speculation. That’s different from an investment and it’s different from a hedge. And these are the reasons I don’t touch it.
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  9488. I have lived in Florida 3 months and I am thinking about going back, I dont enjoy the beach and never have. My move to Florida was really situational and not because I really wanted to. I thought I would at least like it, so far I am not a big fan
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  9489. Just moved from PA to St Pete.. Been here for 5 months and Man was it worth it.. I never realized what I've been missing haha
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  9490. Glad I’m debt free. I bank more cash out of every paycheck I possibly can. I like keeping a full year’s emergency fund instead of like 6 months.
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  9491. Michael, keep it real - if anyone can't accept the truth they need to learn the hard way about life - by watching more PBS et al. Only by knowing truth is one equipped to deal with it. Education starts with the head down.
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  9492. My man 😎
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  9493. The comedy on this video is top notch. There is ALWAYS room for dad jokes, and your tone and inflection on your voiceovers, priceless! Last but not least...."our friend the leaf blower"🤣🤣🤣🤣🤣🤣 Keep it up, you're really finding your stride!
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  9494. I’m a truck driver. Last couple of years I was hauling building supplies. Let me tell you, I was running. I saw it start to dry up and switched to hauling food now.
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  9495. Thank you for taking us for a walk. The only "negative" is I can't put my headphones on and just listen to you speaking as I enjoy too much watching streets, houses and neighborhoods you are taking us to. I can't wait for your next video.
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  9496. Jesus loves you ❤️❤️❤️❤️
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  9497. Great commentary and is well set out. You buy the property NOT the rate and the property prices are overinflated and have been for the past 12 months. I will be waiting until December 2023 to make any decision on a property. Thank you for posting.
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  9498. It was $285k and up for condos on the beach in Panama City and Mexico Beach. I was like why!?!?
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  9499. I live in Utah. I love your videos and scenery you show. I agree with what you say for the most part. Great videos. A few odd ball things I have noticed. I didn't see one car that needed to be washed. In Salt Lake City. It is a dust bowl. Every car needs to be washed every day to have cars looking like that. Another thing I love seeing all of the people working in the back ground I noticed tons of Landscaping companies, I noticed people delivering goods and even a mail man walking around the neighborhood. I don't remember society being that busy since I was a kid. It was great to see all those people working. You live in a beautiful area, I couldn't afford it. Instead I will live in the cancer causing dust bowl, with a continus Utah cough because of all the dust here. I am envious, of the weather too.
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  9500. Good video Michael 🇮🇹🇺🇸
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  9501. My fiancé and i are both marine corps veterans utilizing the gi bill to go to school and we always have a problem explaining to landlords that we get paid for school. They automatically assume we are receiving some kind of government assistance and it is extremely frustrating.
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  9502. Try not to look at the interest rate of the mortgage. A typical 30 year with 3% down will be about 70% interest. Look at an amortization schedule. Your first 7 years of payments are going to be 60-70% interest. A $1,000 payment will likely have $700 of that go straight to interest. A mortgage is front loaded interest and not calculated the same as stock returns or credit cards. What’s worse is the average mortgage life is only about 7 years before someone refinanced or buys a different home. This restarts the process and you’re back to paying a massive amount of interest and never paying much down on the principle. The ONLY reason to invest first is if you’re an experience RE investor you’re leveraging equity to accumulate more income producing assets. Even so, it’s high risk and low reward depending on how leveraged you are. Keep it simple, buy the cheapest housing possible with a large down payment and a maximum 15 year mortgage and stop paying 70% interest to the bank. A $300 monthly stock purchase is not going to earn more than $700 a month for you.
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  9503. Wow! I'm finally nearing the retirement phase and it sounds like I may never get to retire if it continues like this!
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  9504. I've lived in FL for 40 years and clicked on this because I don't know where Caladesi Island is.
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  9505. Quick Zillow check says Real Estate is few and pricey. Thanks as always!
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  9506. Major dam burst soon the holes can be plugged for only so long
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  9507. A builder in our area has a whole bunch of homes he cannot sell. He is renting them out as rent to buy.
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  9508. I moved to Miami at 33 (1995), and my parents were devastated. Your dad seems very nice, not the typical Italian strict mentality, He treatds you like an adult and respects your decision. My dad (RIP) never accepted me moving away from Brooklyn to move to Florida. For me it was the best decision I made in my life.
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  9509. My retirement plan is left Silicon valley, have money from house sale at outrageous price, started my own LLC "Hilding Mechanical", to still do stuff, but basically semi retired in Florida at 51 years old.
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  9510. I never understand people who look at their home equity as a piggy bank. Your house is just the box you live in. You should never look at it as a source of money. The goal is pay off your house as quickly as possible and own it free and clear. Don’t use it for college, don’t use it for vacations, leave the money alone.
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  9511. There are parts of Florida like Miami and Fort Lauderdale ;that keep the laid back lifestyle;but one can make it as laid back ;as one wants cause;the area also offers a variety of other activities, like shopping malls, restaurants, cafes ,bars, nightlife. One can adjust the dose one wants.
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  9512. Who has this kind of money!?! This is insane. How has this country not collapsed under its own inflated weight!
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  9513. I think there are low life's in all jobs. Do you due diligence to avoid the scammers
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  9514. Hey Michael, I love your content and watch every episode, even though I'm in Canada the trends are similar to what's happening in the US. I'm not in a big city like Toronto or Vancouver, but the house prices are definitely still well-above their perceived value, which keeps me renting for the time being. I'm lucky to be renting a detached house for about $1500/mth which is unbelievable. This has allowed me to focus on building savings and investments, perhaps for a down payment on a house down the road – and I will continue to keep saving for the forseen future. I'm so turned off by not only over-inflated house prices (which inevitably will come down) but now, the crazy interest rates. I've been house-poor before and I'll never put myself in that position again! Renting is great for now, but the peace of mind knowing I'm secure financially is way way WAY more important than owning a house right now. Owning a house is such a misunderstood thing, when you really look at where your money goes: maintenance, taxes, interest... the list goes on. So for that reason, for me, renting is the way to go for this moment in time!
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  9515. Thank you for explaining all the risks of the ARM mortgages, so many people get caught with a higher rate and can't afford it and like you say they can not refinance because the value of their house it too low. Very risky.
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  9516. This happened to my brother first around 2014 and my dad a year later on another property. Hackers hacked emails and got the money for the deals sent to different accounts. Messed up the closings on both deals. Luckily they were investment properties they were selling so it didn’t really matter to them and it was taken care of. But the initial money was a loss.
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  9517. I love this video! It is so great! You are so positive and inspirational! Keep it up! I moved to San Diego, CA from Atlanta, GA, when I was 23. I had no money and no job, but I got on it and got two jobs right away (full time at a hotel and part time at a video store.). I have never regretted my choice for one day! Warm weather and beautiful scenery are imperative for me! I have never been happier than when I moved out here! 😊
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  9518. I live in Orlando. 45 minutes from the East Coast, and less than 2 hours from the west coast. I love it 👍🏽
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  9519. One hundred percent agree. Zero percent interest rates is/was an anomaly that is hopefully gone forever. My online bank just increased their interest rate to 3.3 percent. Hope Brother Powell keeps kicking those interest rates up.
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  9520. Great vid Michael! Scarey, but true. The ins. especially. So glad you reported on the solar too. I figure in a couple years they will be charging you to take the extra electric eventually. I think the only ones making out on the solar are the companies selling it, and the electric co. When you add up all the costs. Then the new batteries in 7 years. Also if you have roof damage you have to pay to have them taken off and again to reinstall them. Last year when I got a new roof (before hurricaine), the roofing company said. If you put solar on the roof it negates your roof warrenty. I don’t see solar as a good thing actually.
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  9521. Speaking of older people having to work now. I was recently at a grocery store in Northern VA (close to DC) and a man in his late 60s or so was checking out a lady with two kids. She didn’t speak a word of English but paid for her groceries in food stamps. About $200. Thé man just looked st me and said, “can you believe this? She refused to give 5c for the bag of her own money, and i am here working to pay for my groceries at my age.” I later saw the same lady, with kids getting drum roll… into a Mercedes SUV! I felt sorry for the man right away seeing that people have just figured out how to use the system for their advantage. I am sure it’s always existed but it’s unprecedented now. And the anger and bitterness of the older generation having to work late in life to buy groceries is completely justified.
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  9522. I gave up on ever owning a home in N.Y.S. The property and school Taxes are crazy High
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  9523. just bought a house from a couple that was splitting up, and jumped in after the second big price cut. ended up paying just enough to avoid a short sale, and the seller still had to bring a few $k to closing (still sort of feel bad). house is exactly what i want architecturally, has a nice yard, and is in a really good neighborhood. it needs some work, but a few simple touch ups that the sellers weren't amicable enough with each other to do will go a LONG way the bottom is going to keep falling out in huge markets, but in smaller markets, i think the key is to be well positioned financially, and know your market damn well so that you can jump on something good
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  9524. I just came from Miami on vacation. Miami is too humid, too expensive, too much traffic, but they got great beaches, places to visit and restaurants. I loved Bill Baggs cape florida state park and Biscayne island! I can’t wait to visit the rest of Florida. I’m from Dallas TX btw. Michael I love your content!
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  9525. Michael, I really wish you could give us good news all the time but the FACTS is what counts. and The truth hurts. I was here when you had 20K and I blinked and you are now reaching quarter million followers. The truth will set us free. Thank you for the excellent work informing us while looking "So kool" 😆Hey my wife is also following you man. But I have a feeling she is not listening🤣
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  9526. Thank you for always giving the truth , Main Stream news should learn from you .. great Podcast as always .
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  9527. Coming from a 38 yo male so take it as you will. It's like everything in life. Everything starts off as a very very good idea, and it works for many years very well. Until PEOPLE GET CORRUPTED!!!! It happens through everything from HOAs to the fed, to unions, to the welfare state. Each one started with noble goals and worked for a long time, until they realized there was massive money to be made and line the ones in power pocket with said money. Sadly it's the way of the world. Leave early enough to see yourself the hero or stay and become the villains
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  9528. That's why I watch every show. It's the "No BS zone". I don't own or watch tv...and haven't for nearly 40 years. Sometimes I find myself in range of one in my travels.....within seconds I need to get out of range.
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  9529. Chit ain't slowing down in NC on my neck of the woods. People buying everything like it's do or die. 🙄
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  9530. There are always affordable homes. It is just a matter of whether the buyer is willing to live in those homes. My area has 2 million dollar homes, and 30 miles away there are 60k condos. Many people have unrealistic expectations for buying a "first home". My current third home is about $1 million, but my first house was below $300k. It took me 2 years of apartment living to save a down payment for my first home. People need to buy affordable homes in starter areas, e.g., Pittsburgh, PA, Kansas City, Missouri, live there for 5 years, sell and upgrade. Eventually, they will get the home they like. You cannot graduate from college and expect to buy a 4 bedroom single family house in a good school district, etc. You need to buy a one-bedroom condo, sell and buy a bigger place down the road.
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  9531. One of My Favorite Places of all time: Grayton Beach (it's in the area)
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  9532. You nailed it on the head. This is what I’ve been saying…all the people that did cash out refinances the last 2 years better have saved their money or else they’re going to be in deep sh*t in the next year.
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  9533. Absolutely right, people thought I was crazy 20 + years ago buying the rentals that I did, heck even my wife at the time said screw this, I’m out of here. Now……I paid 56-60k for These properties. You do the math. My ex is working 60-70/week. I’m putting in 10 k sitting on my butt. It’s not easy but worth it. Imho. Educate yourself. No one will do it for you.
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  9534. Don't limit yourself to a certain city, state or country. Move where you're treated best. US real estate is in a bubble. The air is coming out but it could take years to play out.
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  9535. Only trading my 2.75% rate for a free and clear boat
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  9536. Great piece Michael. One thing I don't get about how people perceive condos "deals" is that if you add HOA fees and if you finance the buy, the monthly payment can easily be as much as 50% more. Example...A $100k condo with a $300 HOA, financed at 3.5% equates to that figure. Here's an idea for a futur video...how about a biggest bang for the buck condo video (with figures), as an example.. "Here are the 3 best deals you can get for $150K and the lowest HOA fees, that doesn't look like crap".
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  9537. We are witnessing the bursting of the greatest real estate bubble in American history, it's the perfect storm. Only a fool would buy a house right now.
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  9538. Sure they can afford it, for now. Just start draining that 401K plan. Forced insurance works the same with a financed car.
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  9539. I own a construction management company and manage the condo restoration for condo boards as the owners representative for the 30, 40, 50 year inspections. These are 2-3 year projects in many cases that cost millions. The mistakes these boards make from the get go is incredible. They all think they are construction professionals and they are not. The millions I have seen wasted blows my mind because they know better. The lawyers have even cost them hundreds of thousands because they don’t know they need a construction lawyer. Not a condo lawyer. I could go on forever but you get the idea. The good news is there is several lifetimes of work for construction managers running these condo projects.
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  9540. A lot of empty homes are not disclosed by banks to create the illusion of scarcity in inventory.
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  9541. When you talked about renter and tenant drama, it reminds me a movie back in 1990, called "Pacific Heights".
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  9542. Currency reset soon
    9
  9543. And if you're in Florida you must know what's going next year with insurance. People are going to be running out of there unless you're rich.
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  9544. I’m renting right now and looking to move to the outskirts of the city to cut the cost of rent down, not what I want to do but I’m trying to save up a down payment right now and I can’t do that when nearly all my paycheck is going to a landlord.
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  9545. -15% for ability to be remote is not going to be at option, people will just go with company that doesn't have bizarre clause like that. in tech world even with layoff there is a lot of unfilled positions, maybe not at 300-400k total compensation but a lot of stuff to do in 150k-250k range
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  9546. Hey Mike - you made an oops! At 7;00, rent going down from 14k to 10k is a 29% reduction, not 40%. Good vid anyway!
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  9547. Thank you for dealing with the rain just to shoot a video for us, Michael. 🙂
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  9548. In Tampa the news is saying it takes $110k to buy a house. The average wage in Tampa is $59,688 or $28.70 an hour. The average in Florida is $48,642 or $23.39 an hour. $61,785 (75th percentile) in Florida. <------ 75th percentile. That is nuts. So real wages at median is way lower than $61k.
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  9549. Finally some level-headed advice!
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  9550. Seems I've really dodged a bullet here. I have a 'condo' I own in the Midwest--a coop arrangement. Means all 26 of us unit owners own the corporation that owns the buildings and land. We rotate on and off the Board, and keep an eye out for getting multiple bids for maintenance projects. Thinking about getting maintenance done now instead of paying for expensive repairs a few years later. Not as glamorous as Florida, but my coop fee, including ins, lawn care, trash, water, gas and heat, comes to $560 a month. In winter, my electric bill is $27 a month. No other utilities.
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  9551. When fraud is involved everything is void. Which means you still own the property is just has to go thru the justice system. Then you have to hope the judge is not crooked on the investors pay role. The crooked fraudster is connected. It is obvious they have people working in the system. Friend or family member who works in the court house, law enforcement and banks. Their are a lot of people involved. But a judge can not rule on fraud. Showing proof in front of a good judge would effectively expose the crime and those involved. They are probably all family.
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  9552. I’m waiting for the next hike to be .75 or more. People are still spending like there’s nothing wrong with the economy.
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  9553. Eastern half is saying 🖕 to the western half. Shouldn't be the eastern half's job to subsidize water to people who move into deserts with no water. And it's ALWAYS about money
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  9554. As with 2008, the inflation in values and the deflation of the bubble vary widely from region to region. Many housing markets in the Midwest and Great Plains are relatively stable; it's the houses in Florida, Colorado, and west of the Rockies that soared in price the most, and which are now crashing hardest. As a native Midwesterner, I never could get used to the cyclical boom and bust of California real estate, because that's not how real estate works in Kansas. I have to hand it to the real estate industry, though: they have the best sales force on the frikkin' planet. Who else can convince people that if they don't buy this house at a 200% markup from what the seller paid three years ago, at a significantly higher interest rate, they will NEVER get a house? Look no further than Trump, who has a real estate empire; the guy's a master salesman (not an endorsement of Trump, just an observation). Full disclosure: My mom was a realtor and she can still sell ice cubes to Eskimos. When I rented my first apartment at age 18, my mom negotiated down the rent by pointing out flaws with the apartment. The landlady was so intimidated she knocked 20% off the rent.😂
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  9555. Say hi to Lizzie for us. We miss her!
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  9556. I lived in Florida for 10 years. I hated it due to the bugs and humidity. It was awful. I now live in CA and I have to say, I don't like how expensive it is. Florida might be more affordable but it is sweltering HOT & HUMID in the spring, summer and fall.
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  9557. $2 is nothing sorry. I am just doing an experiment. I think super thanks boost the algorithm since YouTube loves their large cut....❤❤🎉
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  9558. Michael, Feds have to lower rates because the Govt can't afford its own debt. The current maturity structure is such that most of the current debt will mature within the next three years. Thirty percent of this outstanding debt, amounting to $6.7 trillion, will mature and need to be refinanced during fiscal 2024. Every year 1/3 of the debt is refinanced. Unfortunately we're screwed either way. When interest rates inevitably go down, inflation will go right back up. They have long run out of tools.
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  9559. Thanks for this video. Lots of straight talking truths here. Big salaried execs hoarding their wealth.
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  9560. It’s worth mentioning that car insurance is probably the highest in the country due to the amount of hurricanes in Florida, not car accidents. Also, the car accidents here in Florida are usually not caused by Floridians, it’s the tourists that cause the accidents! Btw, if a cat 5 hurricane ever hit head on in major cities like Tampa or Miami, all the structures would be under water.
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  9561. how fun was it to see my favoirite guys working together so cool
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  9562. People should look for ways to not spend mone! Plain & simple . . . It's a hard concept to grasp for most over consumers.
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  9563. Still waiting for the crash.... 😒🕰
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  9564. The truth is, if you pay taxes on it, you don't own it. I've been telling people for decades, don't pay their taxes and just see who the real owner is.
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  9565. A while ago, I was in a talk with an FBI agent. It was a different topic (online scams) but wire transfers can be pulled back within 72 hours. That is why usually bigger scams or cleaning out bank accounts are done before the special US holidays. The agent mentioned if a person/company goes to the FBI, it a 95% chance to get the money back if you are in the 72 hour range. This will not work for Zelle and similar apps.
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  9566. Friend in Reno put her house up 7 months ago not even one offer now she's going to try to rent it out and Reno was one of those super hot spots
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  9567. Just saw a house where people bought it for $110K on June 6 and listed for $230K on July 6. Waiting to see how long that house sits.
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  9568. I saw a listing for a condo in New London CT. that stated no FHA because of issues with the HOA which should be resolved by January. I thought that was odd but now I wonder if it was blacklisted.
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  9569. I’m glad that We have someone like you to explain to those people who don’t believe that a hurricane can actually destroys everything. I always appreciate your videos, I especially enjoyed the knowledge that you have at such young age. It’s a pleasure 👋
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  9570. Those are the exact areas I’d want to live.
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  9571. First time home buyer mortgage applications has completely fallen off the cliff and that's why housing will have to drop. I think house pricing will go back to 2019 pricing.
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  9572. Michael, thanks for stating the facts on your channel. You showcased my state (California), during the summer and I didn't feel like were hating on us.
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  9573. Excellent video! I traveled from New York to Miami by car it was very spectacular 🌅😎
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  9574. I lived in st Augustine for 15 years (1972-1987). I saw it grow from a quaint little tourist town to an overcrowded tourist trap which it still is. It had some of the most corrupt city officials running the city that I had ever witnessed. I was so glad to leave that area and it would be my last choice to live there again. Lakeland or Ocala (central state) would be my first choice.
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  9575. I appreciate Travis losing his SH*T over FHA and VA buyers being qualified with 56% back end debt ratios. Yeah we dont have the old 0 down 560 credit score loans or NINJA loans BUT I'm telling you, a good percentage of these HIGH Ratio Loans are going to be defaulted on.
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  9576. love ur vids -- when u said the price goes up but NEVER comes down is damn right. Regular people are listening to what u have to say -- it's good stuff!
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  9577. Buyers need to be cautious when purchasing a new home. They are in the driver's seat. Ask for concessions, offer less, etc.
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  9578. OMG, there she is 💗 Lisi hey hey 🙂 I hope you and Michael are having the most fun!
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  9579. That student loan scam just pisses me off. Who is helping me to make the ends meet? No one, that’s who.
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  9580. Didn't you hear? The market is sky high, and the recession was called off by the financial gurus in their ivory towers. Happy Days are here again!
    9
  9581. sounds like forclosures....waves and waves of foreclosures
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  9582. There's a 26% poverty rate there what were the people like? Friendly or standoffish?
    9
  9583. This is the dirty little secret - owning a condo is riskier than Manufactured Housing! Too many HOAs are not properly funded, and they know it! The trouble is, owners have voted for years to pay for these increases. Many condos cannot be financed because of the lack of appropriate Master Insurance coverage - a problem which is not unique to FL.
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  9584. Everybody I talk to is broke
    9
  9585. Amazing these people are able to get these loans.
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  9586. Not nearly as serious but I had a rental in the Sacramento residential area (our only rental that we planned on living in when we retired) and I got a letter from the County that they would be fining me within a couple of weeks if we did not get rid of the chickens! Ha! What chickens? Come to find out the tenant had a chicken coup in the back yard and the fine from the County was pretty stiff. Thankfully she was willing to find a new home for her lovely chickens :)
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  9587. The sellers made the choice to sell on open door knowing they may get a lower price. Everybody hang in there, the Government will be taking over real estate distribution soon anyway. What really bothers me about the whole NAR thing and people loosing their ass is most of this is centered on the agents. The poor agents. Total shit show.
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  9588. I like Cali beaches during the day, but nothing beats Florida beaches at night.
    9
  9589. Thank you to our host for these outdoor walk-around tours and presentations.
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  9590. High property taxes and Insurance ultimately tempers the home prices.
    9
  9591. To me Condos are just as bad as a Time share.
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  9592. Lots of foreign buyers with cash on the sideline as well. Many many people from Latin America, China, and Saudi looking to buy the dip / crash in US housing market
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  9593. Mount Dora is another great town.. one of our favorite places to spend a day!
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  9594. Oh my goodness Michael with our property taxes increases after our california home purchase in 2020, our mortgage went from 2360 to 3200. But your mortgage is going to higher than mine and your in Florida....crazy.
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  9595. Michael great suggestions, you may want to check out Vero Beach! Its a low profile small town with great potential for continued amazing growth. It has a beautiful botanical Garden, peaceful beaches, Arts Museum, Theatre, a quaint Downtown with a growing arts village community. Some great dining spots as well. Please give us a visit.
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  9596. I’m old so I can say whatever I want to now. I just have to say that you are hotter than hades. The scenery wasn’t too bad either. I may be old but I ain’t dead yet!!!
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  9597. I've never stayed at an AirBnB so I can't comment on that yet, but I do like staying at hotels. I used to work in Tourism so it just takes me back to that time which I loved. I agree that it's easier to keep track of your stuff when in a hotel room. I like to keep all my stuff together in one place. I never unpack in a hotel and I always wonder why they even have drawers/bureaus but I guess many people really like to unpack even for short stays. LOL That place is very nice though. "Roughin' it" without a king bed, yup. I agree. Hahhaha
    9
  9598. If you outlaw homelessness, you better have enough room in your hospitals, prisons, and shelters to take care of them. They can’t just disappear. Sounds good in theory but it’s going to be a hot mess until states get the resources to actually help the homeless.
    9
  9599. Please do the compilation videos...I listen to you everyday...and you are correct on everything your saying.
    9
  9600. You guys are the best Dynamic duo out there. Love you guys Collaborations. 👍
    9
  9601. Here in NE FLA priced have dropped at least 10% yoy... and the slowing in sales is accelerating.
    9
  9602. Great info Michael! Nothing is more convincing than numbers.
    9
  9603. House prices do correct but appreciates in the long term. I don't think it's fomoing. If a buyer is going to be in that house for the long term, a dip or correction is not much of a concern. My mom bought a house at the top of the last crash and she still lives in the same house, and she's doing just fine as her house already appreciated.
    9
  9604. Scary stuff Condos collapsing in Miami. More reason to get out of there. Was this near you? Please let us know your ok.
    9
  9605. $30k a MONTH???? 🤣
    9
  9606. HAPPY SUNDAY MICHAEL 🌴❤🌴
    9
  9607. I like this lady. Thanks for having her on.
    9
  9608. I'm glad I refinanced last year for 1.75 percent.
    9
  9609. Just wondering what are all these real estate agents are doing now? I think only the good salesman will make it. Hello 👋 from illegal immigrant infested Massachusetts..
    9
  9610. The rent is too damn high!
    9
  9611. Florida has yet to reach California levels for being expensive . But it's clearly headed in that direction . Especially on the Coasts . We're longtime retired Florida residents looking at a few cheaper States to move to such as Utah or Tennessee . But the Housing Market is totally out of control everywhere right now .
    9
  9612. 1986 bought a TH for 80,000 at 8%. Sold it for 125,000 4yrs later. It’s now worth 500,000 So bought in an unaffordable market at a high int rate 8%. As you said 1985 was equally unaffordable as now. The main thing is you need to buy in a good area where in the long run as in this example over 35 years the property went up 700% and leverage, remember that’s 3% down pymt and I made 40,000 so for $5,000 initial investment in four years that turned into $40,000, that’s the rest of the story.
    9
  9613. I'm traveling today up to Costco to buy my sweetie a hotdog and coke but keep in mind she's buying the tickets to the movie! Cheap Bastard.....daily!
    9
  9614. Exactly the type of information a buyer like me needs to understand when he shops for a unit. Best to get a jump on the 5 day due diligence period I'll have before the purchase is officially complete. Thanks, Michael, this is especially useful and concise information.
    9
  9615. We sold our house in Fort Myers in 2018 and returned to Ohio. Thank God we got out when we did. We also had Security First insurance. They owe me about $10K from hurricane Irma that they never paid me. Bastards.
    9
  9616. Nice neighbors, but the house is not for sale. Shutting families out of the market for travel convenience? Air b&b is not good. Air b&b didn't exist not too many years ago, and we traveled fine. We continue to stay at full service hotels, motels, and all inclusives. We would never do ab&b. There is no housing shortage, a lot of inventory locked up due to schemes like ab&b. A house was intended for a family to live in, not a fake asset class, creating unproductive debt and insane speculation. You are a great content creator. Thanks, and best wishes to you and your terrific wife.
    9
  9617. Oh boy, I have so much to say to this video! So important! Thanks for discussing this subject matter. I met with my stepsister today for lunch, who was just told by the owner (the wife) of the house that she rents in a historic neighborhood in San Diego, that she has to move out. She has been there for 15 years. The owners are moving back to San Diego from Palm Springs, and into their family home here in San Diego. (My bet is that they move in for a few months, after my stepsister is out, and then put it up for sale, and move back to Palm Springs, or out of California for good.) Anyway, my stepsister is devastated. She looked around for another rental house, and one half the size (her current rental is about 1,000 square feet), and gross, is over double the price. I told her she could live with us, but I think she may be moving back to Sacramento with her parents and will end up working remotely for her current company, and just fly down once a month to work in the office for a week, each month. It is tough out there! She has lived here in San Diego for about 35 years! She never really thought she would leave San Diego, at least until retirement age. She is only 51. It is so sad to see that those who weren't/aren't able to buy a house or condo, are totally getting thrown to the wolves!
    9
  9618. Mike, you have great common sense when it comes to $$$. Keep it up!!
    9
  9619. I love how real and truthful you are and “true to yourself”...you don’t feel guilty about your routine and who you are as an individual!! It takes all different types to make the world go round ...we are productive and at our best at different times and on our own terms. That’s what makes us unique and special. I have to remind myself of that often. If you feel constantly under pressure to be like others, you will not find “your”success and peace! I love your mentality and videos as usual, thank you so much for sharing! 😁❤️
    9
  9620. I never thought about housesellers dilemma, but it makes sense. Ironically, my folks moved in the early 80s from North Miami to Ocala. The Miami house was nice, but they were able to get a house on a corner acre lot in an even nice neighborhood. I'd guess relative property values today are still similar. Strange how much things change over time and yet in many ways don't. To all the folks who are thinking of moving to Florida, y'all are welcome. :)
    9
  9621. Sue them over zoning laws. She can sue them for everything they have on the grounds of their abuse of authority and bullying. They have forgotten they are servants of the people. The Constitution of the United States says. We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness and They are taking her right away to pursue happiness. Free will choices are unalienable rights given to us by God and the Constitution. Which means she has the right to pursue happiness by living there. she could also sue them for the punitive damages caused by their actions.
    9
  9622. I use credit cards for my business but paid off every month no interest Plus I got money back every year Which is good 👍
    9
  9623. the sound of the ocean sure beats the leaf blowers 😉
    9
  9624. LOL At $350k a month that house better come with a butler and a personal butt scratcher.
    9
  9625. I saw a post online once where a person yelled that it’s fraud to file a claim and not to tell your car insurance company you’re delivering pizza. She responded “I have zero qualms about not being completely honest with a company that has a laundry list of excuses to get out of paying a claim”. Not saying it’s good advice, but I share the sentiment overall.
    9
  9626. Recruiters are effectively camping near companies declaring “back to office” and offering to find companies that don’t require it.
    9
  9627. "anyone stealing money is going to be picked on, on this channel" ~ michael bordenaro
    9
  9628. The last time I was this early I heard nurses tell me 9 months later "congratulations it's a boy."
    9
  9629. What Florida is finally doing, is what should have been done all along.
    9
  9630. I live in Hills. county in Tampa and I think the biggest issue is they always tell us it's going to hit us dead on and it never does. I think that's dangerous because after awhile you just shrug it off and then people don't evacuate. The only time I evacuated was during Hurricane Charley when they projected it would hit us. I was working in downtown Tampa and the company sent a few of to a hotel in Punta Gorda and ironically the hurricane hit us there in the hotel instead and THAT was terrifying as I was on the top floor of the hotel in a room alone. Sounded like the roof was being blown away and there were trees pulled out by the roots laying everywhere. Scary stuff indeed but they need to fix our warning system/models.
    9
  9631. I personally was never close to my father, so it will be easier for me to move out of state once I graduate from college.
    9
  9632. No way. I’m an agent. Hire an agent in your area, you will not pay commission as a buyer. Zillow & Redfin are not friends of the consumer - those fees are more likely than not going to them.
    9
  9633. Thank you for your truthful information. ALL of my insurance costs have increased as with all of us. Not fun. But the biggest issue for me is a long term care policy I bought 15 years ago. I am now 70. The cost has been reasonable . Recently , I was notified that for the same amount of value, my cost will increase 87%. Increases will occur progressively over the next 2 years. It is possible rates could increase after that. I never want to be a burden on my family, but I will be exploring different options.
    9
  9634. In Mexico they have a saying that translates as: "you are only as happy as you want to be." Some people move to the South thinking that it will solve all of their problems, and they are the same unhappy person they were when they lived in the north. You need to have realistic expectations, plan ahead, do your research on the area that you want to live in, and save your money. Anyone with anger management issues will probably not do well in Florida.
    9
  9635. I can't believe that tiny ugly house with blue tarps went for $1,000,000. Look at it
    9
  9636. People also sometimes don’t think about fuel and maintenance costs. Maintenance cost has gone through the roof, parts have went up and are limited.
    9
  9637. Homes falling 20% is nothing when you consider most homes soared 50% to over 100% in the past two years here in South Florida.
    9
  9638. God bless all those effected by this terrible destruction.
    9
  9639. Michael if it’s in your plans, do a video on reverse mortgages. This seem to be the next big thing that can get ppl in financial trouble. Especially if they pass away and family realize they have to pay all funds used or bank takes property.
    9
  9640. The interest rate on my first home was 7%, and while prices were a lot lower, I still had to keep down spending so I could afford the mortgage, PMI, and repairs. Now, with the panic buying that has gone on these last couple of years, I would like to move, but can't afford the sky high prices. So, low interest rates pushed demand and pricing through the roof.
    9
  9641. Red tide bloom and flesh-eating bacteria in Southwest Florida water
    9
  9642. Thank you for the video Michael 🔥
    9
  9643. Since your walking by that marina it makes me wonder what's happening to slip prices.
    9
  9644.  @MichaelBordenaro  I get that and my comment was not a flame or said in anger. But people seeing the video may not realize that the houses are underpriced for a reason and that flood insurance will be a significant cost adding to the actual cost of ownership. Someone may get their hopes up of living in a house near the water. That house may cost the same or less than the house they currently live in and not realize that, when adding the high cost of flood insurance, they may not be able to afford that house. Just part of the reason for them being lower cost IMHO. Keep good videos coming.
    9
  9645. Love the interaction with Margaret! Unscripted, normal conversation that most people are having day to day! You can tell she enjoyed your time also. Very nice!
    9
  9646. This is odd because so much of the population is old and I would think they might not live too long. It's not just Florida. Our house is now worth 1.5+M. Of course it's on a lake which increases value, but still - I think it's all very ridiculous.
    9
  9647. Capitalism as embodied in the US economy is cyclical. It's a boom-bust cycle and the swing in the cycles is getting more pronounced as successive governments deregulate the economy and as more and more economic power is concentrated in the hands of fewer and fewer companies and individuals. Right now, I'm seeing a lot of denial and panic about a recession that's already underway. It's not coming, it's here. One of my nieces is married to a home builder. Most of his clients have disappeared overnight. This is how recessions snowball. When you predict a recession or say there's one happening, people mistake that for cheering for a recession. I'm not. Recessions can cause lasting harm to individuals and communities. But they're a fact of life and right now is a terrible time to buy a home, either to live in or as an investor, unless you're certain you won't have to sell it in the next decade. I think that's how long it'll take to recover the inflated values we're seeing now. One factor so many people are missing is that we have a depopulation crisis in the US: the Boomers think they're never going to die, but even they are mortal and Millennials and Generation Z don't have the money to buy homes and raise kids. Mass immigration has always meant a periodic influx of young people into the States, but that's going away, too. We're left with an aging, maybe even declining, population. Once a society starts down that road, no one has ever reversed it.
    9
  9648. HMO fees = Too Much for So Little value to the payer.
    9
  9649. Looking good bro.
    9
  9650. Hi Michael, Thanks for bringing Nicholas Gerli to the channel, it's amazing how Nick analyzes the future of real estate based on data, great guest...
    9
  9651. Hello Michael n Lisi 🌻 Great video with beautiful scenery !
    9
  9652. My high school freind sold her home at the top of the market, they moved in with her elderly parents to help, they plan on buying next year when their parents are taken care of & the housing market cools.👍🏽
    9
  9653. Fort Myers for sure, it is easily one of my favorite towns in Florida.
    9
  9654. I realize that homeowners insurance and other businesses have to make a profit to continue to exist, but they know the hurricane climate, etc.; and they're supposed to invest the premiums to have enough funds to handle claims for even the worst weather acts of nature.
    9
  9655. Great video Michael! Venice beach looks absolutely beautiful, it’s on my bucket list now!! Your grandfather has got a very nice place!!
    9
  9656. Exorbitant insurance rates on my multifamily income properties in TX caused me to sell them. I had no mortgage, but between the insurance and property taxes, I could not turn a profit.
    9
  9657. I just read a Market Watch article yesterday that 26% of the contracts in Jacksonville are cancelling. 1 in 4 wow!
    9
  9658. No matter what direction you look these days everything is in a mess..everything!
    9
  9659. But, but ... but. There'll come a point where we'll have to get rid of the credit system, 'cause they are making so many people broke this time that no one will qualify for anything. Back to pre-80's.
    9
  9660. Also, what’s up with Dave Ramsey? I love him too, But I feel like he isn’t being honest about the market.
    9
  9661. Every time you sign off with “I’ll see you in the next one” I always find myself with a broad smile 😀. Loving your channel as it’s so informative and helpful.
    9
  9662. Stop living beyond your means , fact !
    9
  9663. Keep streaming videos thru the storm, Michael! Stay Safe!
    9
  9664. Too many people want to have what the rich people have and if they can't get it NOW, then they get depressed and don't want to do anything. I've never seen so many people wo a shred of ambition. No doubt we're in very big trouble. Thx Michael for your caring attitude and knowledgeable videos.
    9
  9665. I’d be more stressed about potentially not being able to renew the lease every year than repairs on a house I own. Personally can only make sense of renting by choice if due to moving around a lot
    9
  9666. I think im addicted to this channel. I had withdrawals from going a full day without a video!
    9
  9667. I’d like to see a west coast $300k episode . Great job on this 200k one 👍🏼👍🏼
    9
  9668. First time home buyer mortgage applications has fallen off the cliff and that's the beginning of why house pricing will drop back to 2019 pricing.
    9
  9669. Whats up yall
    9
  9670. Best real talk in a while! Thank you for grinding out all the content that you do. I appreciate it.
    9
  9671. If I bought my house today it would cost me over 100% more a month. Im keeping my golden handcuffs until the last kid is out and I’m ready for my final move. Good evening everyone 🍻
    9
  9672. No c*** from China this year. I'm giving friends a certificate for restaurants to keep them fed
    9
  9673. I lost my ability to work 25 years ago and lost my home it took twenty years to get back to normal and get another house.
    9
  9674. I don’t agree that 360-380k for 1600-1800 sqft is a good deal regardless of being in FL. 1600-1800 sqft is a small house in my opinion. However maybe for empty nest people it works in terms of size but they are not getting a lot for their money.
    9
  9675. When I got out of the military, I worked for Southern Bell and installed telephones in brand new one bedroom apartments in S FL. They rented for $130 a month. I myself rented a nice townhouse in N Miami for $160 a month. Today's prices are absurd and due to the dollar being practically worthless.
    9
  9676. Throwing Money on a problem never solves the problem!
    9
  9677. It's called "Late Stage Capitalism" where EVERYTHING is monetized... your water, food, land, time, home, body, sexuality, etc
    9
  9678. I bought a couple homes during that whole run up to now, one for the wife and I and one for Gma. It is like you said "do the research so you understand where the housing market pricing sits" and do your inspections. Then walk away when things do not seem right. Yes you will loose time and inspection money. But you want to know if there is going to be problem after moving in. Some super expansive like you talked about at the beginning of this video. With patience you can get what you want / need. The other thing like Michael also points out, do not purchase a gigantic house that straps you financially. That can strain relationships that were perfectly fine before.
    9
  9679. It's not doom and gloom, it's just the truth. It's just what happens when trillions of dollars are printed and handed out. Up and down. Thank you for sharing important news and your perspective on it.
    9
  9680. Ha, awesome seeing you guys together, I watch both of you constantly.
    9
  9681.  @MichaelBordenaro  We sure do Michael🙂Keep em coming!
    9
  9682. Michael and his wife may want to avoid swimming in the ocean? According to the Los Angeles Homeless Services Authority, there are over 9,280 homeless people living in about 6,800 RVs in Los Angeles County. Nine thousand gallons of sewage a month are going into the storm drain system, not the sewer. The storm drain carries it straight to Santa Monica Bay directly contaminating the ocean and beaches.
    9
  9683. Realtors still having you list at stupid prices to find the dopes still buying and while they are still alive and well , there are less thanks to these informative videos. Realtors want the commission on 500k , not the 325k it’s really worth.
    9
  9684. Michael, thanks for your videos. I was seriously considering buying a condo in the Miami area, but now realize affording one will be difficult with all the changes happening now (property tax, insurance, HOA FEES), with the reserve requirement law starting January 2025, and with unforeseen changes coming up. Much appreciated.
    9
  9685. I have 3 in Myrtle Beach SC. I haven’t dropped mine a bit and booked way out. Not like this everywhere.
    9
  9686. For jobs that can be done at home or even sitting on Venice Beach, a park, a viewpoint, etc. it would be great to see them split their time 50/50 home/office just to see how each person does. Some people might be more productive sitting on the beach doing their work while others won't be.
    9
  9687. 1. Humidity. Your hairstyle will change. You can’t do anything about it. Product won’t help (enough or for long). You’ll sweat. Your clothing WILL change. Nice silks, etc won’t be worn much. You’ll look for lightweight everything . Over looks, just to breathe. It’s hot 🥵 and with humidity it DOES feel hotter still. 2. There are 4 seasons , but they’re more subtle. I moved from Cali to SW Florida. No need for a coat. Just sweaters for winter. Northern Florida (the red part) has cooler weather. 3. Money. You’ll make it in a service industry...like hotels, landscapers, etc. Its tourism, 4. Bugs. State bird is a mosquito and no see um. They bite at Dawn & dusk mostly. You’ll need screens on all windows. 5. Food. You’ll miss the food. Especially if you’re used to great food (like L.A.) ~ you will miss the food. 6. Culture & people. It’s a different culture, different values and different people. 7. Whatever you made in Cali ....well, you better adjust to living with less income. 8. It’s not the “hippest” place. You’ll miss the lack of culture if you’ve enjoyed Cali. 9, I moved from California in 1984. I still miss it. I still think of it as my home.
    9
  9688. You forgot to take into account that all those rules apply to your neighbours as well. Try living in a city home with your neighbour frequently working on engines or motorcycles while you’re trying to relax. How about the next door party house rental or renters who reduce the value of your home with their damage and junk. Maybe the breeder of large dogs barking day and night in the yard next door. How about the careless drunk neighbours having a fire pit a few feet from your house. In a house, all those “freedoms” are imposed on you, you can harass them back but what sort of life is that? BTW, I have lived in a house all my life, sometimes fortunate to have good neighbours, sometimes a nightmare.
    9
  9689. Hey I was wondering if you can talk about the sinkhole issue that plagues the state of Florida as it relates to buying a home. I was especially curious about the influx of people purchasing FL real estate who may not be aware of our limestone issues. How worried should we be, how it impacts home owner's insurance, etc? Thanks, great show btw!
    9
  9690. 😂😂😂 Memphis is rough!
    9
  9691. I’ve noticed in my neighborhood/city, an upscale/desirable burb north of Dallas, homes are sitting on market longer, prices are decreasing and listings no longer say “highest and best due by” and rental unit listings are now offering free weeks of rent, the tides are changing.
    9
  9692. I went to Micky Ds and was shocked when i found out that a McChicken is 4.29$, But Wendys wins the price gouge crown when they price their spicy sandwich at 7$. Both the wendys spicy sandwich and the Micky Ds Spicy/regular McChicken are the same seize. X_x $$$$
    9
  9693. Rich men North of Richmond
    9
  9694. 1000% spot on in everything you said, especially the last part!
    9
  9695. Yes, they are kicking the can down the road. FHA is a joke! Setting people up for disaster. Happy Thursday Michael, Thank You!
    9
  9696. Oh man! To everyone moving to FL you must go to Mrs. Macs kitchen in Key Largo.. oh man ! The key lime pies are amazing!!!! Just mouth watering. Also, Doc’s Diner in Key Largo is great ! The food is so good.. You are welcome.. lol
    9
  9697. cocaine dealers renting out that house for $13k
    9
  9698. I'm just going to throw this out there.. as we age out.. are medical bills get higher. My husband had early-onset Alzheimer's. He was 68. I was Twenty-One years younger than him.. don't worry I robbed the cradle.He was 47 I was 26 we were married 41 years. LoL. He ended up suffering from Alzheimer's for 21 years. The last seven of those he had liver: bile duct cancer. It wiped us out. The co-pays for medications for supplies. People have to remember as we age our bodies age. Medical bills can be staggering.
    9
  9699. Another great video Michael. Great common sense points as usual. Keep them coming !
    9
  9700. Bring back the slum lords with no Govt interference and " Standards ". Starsky and Hutch. 7 dollars a day with a roof over there head like back in the day ! At least they got something ! Plenty of empty buildings in CA now. Who don't love huggy bear ?
    9
  9701. Totally agree that based on all the trends and data - we will certainly see a 20% average price decrease. More where there is a lot of new building.
    9
  9702. I think post-pandemic the notion of "geographic arbitrage" where moving from one state to another would save you lots on housing and taxes is pretty much dead now.
    9
  9703. Sounds like a good reason for owning real money gold and silver
    9
  9704. Monolithic dome home. Build one of those. It is tornado-proof, hurricane-proof, termite-proof, fireproof, and even bulletproof. There is a famous one in Pensacola, Florida that has been hit a few times. Storm surge is still a problem, but mostly to contents and not structure.
    9
  9705. I am presently living in the west, under a Red Flag (Fire) Warning for the past week. Hopefully an end in sight. Honestly, you could not pay me to live in a High Rise Condo, anywhere in the USA. Happy to live within a Red Flag Status area.
    9
  9706. NO! The government should not get involved. If I want to leave my house empty for a year, it is my business!!
    9
  9707. $40,000 x 12 months=$480,000😳😳😳
    9
  9708. AMERICA! The land of people living in their cars
    9
  9709. I appreciate you talking about the credit industry.
    9
  9710. This is interesting, and I’m sure everything you said here is true. Regarding Texas, they, along with states like North Carolina, have much faster growth in tech related and other high paying job openings than Florida. For people who want to be employed by a company offering very good compensation, I believe Florida falls well short of Texas.
    9
  9711. Wow. Thank you for your brutal honesty. The government currently has its head in the sand right now hoping for the inevitable never to happen. BTW, I love the backdrop and the quality of the video is outstanding, Michael. Hugs.
    9
  9712. I am staying in my budget. I am considering HOA, taxes, home insurance and an emergency fund. No reverse mortgage! If I need to reconsider my options, I will. I am leaving my children something and not nothing. I’m going to need some luck and plenty of faith.
    9
  9713. Some great scenery lately. I think Florida is pretty but Ca has some crazy spots ❤❤
    9
  9714. If you make a lot of money what's the point of dumping it all into a house payment. The whole point of making a lot of money is so you can do other things with money instead of just paying for your necessities like housing.
    9
  9715. Short Rocket Mortgage!
    9
  9716. THANK GOD our oldest grandson bought his home 3yrs ago at age 22.. he did a buy owner 3/2/1 and 1/2 acre of land in Karns TN (Suburb of Knox) for $147,900.. all remodeled and FIXED interest rate of 3.2% .. GREAT starter home for him and worth $230,000 today.. he's happy and has no interest in selling LOL! Great videos Mike TY
    9
  9717. A friend of mine who comes from wealth spent about 90k on a lavish wedding and they were divorced in 8 months
    9
  9718. Greeting from The Bahamas. I watch you every day.
    9
  9719. Stayed in a condo at 350 Ocean Ave back in the 90’s The sun feels like someone pressed a hot Iron on you. Summers in Florida are terrible
    9
  9720. Also we have a very fair rent, rent controlled in SF, small super nice mom and pop land lord, family has owned the building for generations. She seems to care that she likes her tenants. I would not want to deal w/ layers and layers of lawyers and bureaucracy. I can't imagine it's awesome.
    9
  9721. Surprised the eviction ban being over hasn't increased inventory.
    9
  9722. What about places like Canada or Australia? Very high prices for years. Not saying it will happen here but what if we are going to a more rent forever type of housing?
    9
  9723. I'm retired and live in Central America, Costa Rica and Panama. We had a saying in the military, proper prior planning prevents piss poor performance. I have 5 positive monthly income streams. Living in Central America, allows me to live a higher standard of living, lower cost of living, healthier environments, lower taxes, national healthcare at $40.00 a month, and less crime. And, only a 2 1/2 flight to the U.S.
    9
  9724. I was born in Bradenton a looong time ago. I've lived all over the state. 4th generation. My grandmother moved, as a child,to Greencove Springs. She passed in 2007 at 98 years old. We are long time residents. Things surely have changed. Love this video.
    9
  9725. Thankfully, the company I work for has allowed various departments to permanently work remote (Since August 2020)…. they have reduced the corporate office footprint and are saving money doing so. I don’t see my company firing remote workers vs in-office workers. (Metro Atlanta area Georgia USA)
    9
  9726. That was shocking Your B and B experience.
    9
  9727. Beautiful! And for people saying "that's too hot", it was 115 degrees in Portland OR on that same day.
    9
  9728. In Michigan if you don’t pay your traffic tickets you can’t renew your drivers license, seeing as many of these people are repeat offenders personally I’m glad they do it. The rest of us pay them.
    9
  9729. Mobile home lots are a huge rip off for the tenants..but a GREAT cash flow investment for investors.. tenant has to pay rent AND maintain/insure/repair the unit! ..plus the sellers of mobile homes are predatory lenders who overcharge for the unit and the financing
    9
  9730. Hello there, if you are retiring anywhere in Fl will do ( except Miami) If you are still young and depending on what you work, you have to really look for job opportunities first and schools second.
    9
  9731. Just wait until ppl realize rates aren’t coming down
    9
  9732. Please keep showing us these ridiculous prices on these houses! I hope all these companies ridiculous people somehow learned their lesson
    9
  9733. Morgan Stanley just said lending is drying up because of the bank crises and will tighten at an accelerated rate worse than 2008. Yes, good credit is important. Thank You Michael, Happy Wednesday!
    9
  9734. This is exactly what happened to me as a young buyer in the 1990's. 9.25 interest rate, rate went down and value went down. Would have had to pay the equity difference And would have had to pay PMI on my new loan. Not a good situation to be in. Buy what you can afford now. Worked out for me only because I could afford the original loan. Didn't do the refinancing.
    9
  9735. Great video Mike, and to hammer home what you said about people "fixated" on the interest rate just goes to show that people don't care how much they have to pay for a house (which is absolutely crazy) as long as they can get a low interest rate. Never understood how/why people just except a price not realizing or caring that you can negotiate the price NEW or PREOWNED!
    9
  9736. Keep these honest & true videos coming, in fact can you keep us informed of properties that get foreclosed on with details of los's ? Don't mind the pie in the sky ppl they're the ones who are having a bad case of buyers remorse.
    9
  9737. I have never seen so many Cal. homes before. It look like a very nice place ,,,I can see why people love Cal.the politics that have ruin such great place. So Sad
    9
  9738. Yes!! More of this kind of videos.
    9
  9739. Michael I love your posts and your videos. Some of the vacuous people living there respond to my negative comments about the ridiculously high taxes, insurance and home prices in Florida. I am amazed at how many people there tolerate the abuse from the state legislature that they are imposing on the property owners there. I would never set foot in Florida no matter how rosey the picture is that is painted in the media. I would not buy anywhere in the south from Texas to the Carolinas and north to Tennessee or Kentucky.
    9
  9740. Renting isn’t the best because owners don’t care about their property. We saw this again and again.
    9
  9741. I think we should keep humans fed and housed with dignifying tasks and skills.
    9
  9742. Michael I see a lot of >60 days in Miami-Dade County. Price drops are still a minority. I think we have stubborn sellers down here.
    9
  9743. Great video Michael...always enjoy your real deal info!
    9
  9744. It's not a deal until we are back to 2016 prices. 2019 was inflated as well
    9
  9745. Figure 2 years for all the new borrowers to run into trouble, 2 years for foreclosures to process... best time for a crash is 2027-2030.
    9
  9746. I’ve been watching real estate in my province and seeing this pattern too. New listings are higher than the assessed value. Older listings are coming down. Yup you are right Michael, wait to buy.😊❤
    9
  9747. I think inflation is a lot higher than they are telling us. Prices have doubled at all fast food restaurants. That’s 100% inflation.
    9
  9748. Went through divorce and bankruptcy and living in the projects the past 5-6 years. It has been totally worth it to accomplish my childhood dream of living in Florida (specifically south florida).
    9
  9749. Florida is the place to be!!!
    9
  9750. a jet ski tour of the islands would be dope too!
    9
  9751. Remember the golden rule 20% down and your monthly payment should be no more than 1 week of your salary pay. If you cannot swing that you're looking at a house that's too expensive for your income.
    9
  9752. Moved from S Florida to Phoenix last month. Yesterday went to a showing of a new house at $1.1 million. They had 15 showings on day 1 and multiple offers. I’m sure things are cooling but wouldn’t know it by this
    9
  9753. If you only have one house to rent, you are on thin ice if you have a mortgage. One bad renter and you are in the red.
    9
  9754. It is nice to see rents come down. However, I'm in golden handcuffs of rent control, we got in when everyone thought the world was ending and rents were insanely low. Land lord doesn't even seem to care as they are a "mom and pop" that owns a few buildings whose parents paid off the buildings 60+ years ago. They would just rather have ol reliable me there.
    9
  9755. Mortgage companys are letting go loan officers by the 1000's, and are merging.
    9
  9756. Pushing for labor unions AND supporting lower taxes is why I listen to you Michael. Political-less. We need to overhaul and get every politician for being a centrist. I’m all for the formation of the Center party.
    9
  9757. What are your thought on U.S Bank? Would you think it's good for students? I live in a small city and my parents are forcing me to open a bank account for college with a person to person branch.
    9
  9758. Could it be be a typo. Could it be they meant $4,000/mo? That’s just plain stupid at $40k a month. I can’t imagine anyone would rent it for that.
    9
  9759. I mean if people are buying the newest Ford truck or Mercedes-Benz or the newest Tesla model that came out I have no pity for them because they literally bought those things which cost then a mortgage payment every month for the next 5 years or so whenever I was getting my first brand new car I went from a crappy 2010 Ford fiesta s model stick shift to a nice and brand new 21 Chevy Trax that is the base model with nothing else except a nice leather interior. Everyone wants a brand new shiny thing but they realize that when they cannot afford it and it gets taken from them then they are the victim when they could have just bought a really cheap new car that got them from a to b with no issues
    9
  9760. I have Canadians who rent my beachfront homes in Costa Rica and Panama. According to them, the real ban on foreign Canadian property investment, is targeting the ballooning Chinese cash property investors. I have noticed, that the number of Americans and Canadians relocating to Central and South America, has been steadly increasing.
    9
  9761. Glad my homes are paid for!
    9
  9762. It's all a mirage, veiled by unimaginable debt.
    9
  9763. Hey, Michael…can you do a segment on The Villages?
    9
  9764. Excellent advice Michael!! Never occurred to me to consider the impact of concessions vs. house price. Will keep in mind during negotiations.
    9
  9765. I used to think "that's so common- retiring in Florida from Illinois, I'll NEVER do that!!!"- Here I am in the process of doing it! Very familiar with Crystal Lake, Belvidere etc and the long winters- which never phased me before since I'm a born and raised Illinois girl. Now they feel longer and harder to bear. Will be sustaining two homes just like your lovely grandparents. Ours will be nearby in Cape Coral. Can't wait till it's done being constructed!! Love and blessings to your sweet grandparents- they feel like every kind person from Illinois I have ever known <3
    9
  9766. Affordable cities in Ohio and Indiana, might just turn into boom towns.
    9
  9767. The beach water in Brandenton beach is ever so clean and warm ! Love the gulf ! ❤️
    9
  9768. Housing should not be a gambling casino period!!
    9
  9769. Great topic, great walk. 👍 Rock on real estate warrior 😎
    9
  9770. This 2008 2.0. Instead of NINJA loans we have a bunch of so-called qualified buyers who overpaid for homes and cannot afford their mortgages because every other expense in their lives have increased. How many home buyers bought under the impression they were never going to have to repay student loans? People are refinancing with as low as 15% equity. If they need money from the refi how are they going to pay their mortgage and the refi repayment on top? They are all going to walk away. The homes won’t technically be under water but it’s virtually the same thing.
    9
  9771. Watching first time home owners buy in this market is giving me major shades of watching people buy bitcoin at it's absolute peak price.
    9
  9772. Michael, you forgot about repair expenses for siding roof etc. it won’t be $600 savings it will be extra 300$ a month on top of $1900
    9
  9773. Austin, TX is going to be 107 degrees this Tuesday. What will it feel like? 120? Texas’ grid is under-engineered and it is stressed at this point🥵. Good luck Austin!
    9
  9774. I've live here in CA practically all my life. There's alot of bad rep but I love it for it's diversity in climate, people and food. I love the mountains and the beautiful coastal line. Yes it's expensive but I don't know if I would live anywhere else.
    9
  9775. Beautiful city!! Thank you for doing the driving tour!!
    9
  9776. That check for your student loan debt..it ain't coming either. Just pay down and pay off your student loans. I did, about 2 years ago, about the same time that it 'for sure' was gonna happen.
    9
  9777. Michael, Keep speaking man people are listening at least I have. It was cool to see you on Car Questions Answered earlier.
    9
  9778. Those parking prices are discouraging. Plus, you have to pay a toll at the causeway just to get on the island.
    9
  9779. And If you place NO TRESSPASSING signs on your property and someone enters and gets injured they are responsible not you. So if you self Insure post these on all corners of your lot.
    9
  9780. My nephew bought the second cheapest house in Florida about 6 Months ago on two acers for $55,000 cash. It's in the panhandle about 40 minutes away from Panama city. Total gut and rehab, will have under $120,000 total costs when completed (no loans). He's living in it right now. Will be a nice new home by end of summer. 😊
    9
  9781. Yea I'm with you. That whole Red Tide thing is pretty much a deal breaker for me too from moving out there. I know we get that occasionally here on the Atlantic coast too but not as severe and frequent as the Gulf.
    9
  9782. This topic really hits home. I bought a house in early 2022 and I’ve spent about $1800 on tree and yard overgrowth removal (the tree removal was prompted by a branch collapsing on my power line), and about $3000 on a new hot water heater and a chimney liner. It’s going to cost about $4000 to upgrade the electrical panel which I’m going to do next year, and there’s a good chance that I’m going to have to replace the HVAC unit fairly soon, and that’s expected to cost about $5000. So, these home maintenance costs really add up, and buyers haven’t really been in a position to bargain with sellers over paying these maintenance and repair costs since the start of the pandemic.
    9
  9783. Very nice quiet area!!
    9
  9784. It was the absolute worst to be behind someone in line at the grocery store who was paying with a paper check 😂. The last time that I was asked to pay with a check was when I closed on my house. They said that I had to bring a paper check to closing (I forget exactly what it was for). I hadn’t had a checkbook in years so I went to my bank and they gave me a single sheet of paper checks. I used them one other time and that’s when I had a contractor come over who didn’t accept any forms of electronic payment.
    9
  9785. You are so objective in your discussions...I really appreciate that. I’ve been thinking of above from PA for years.
    9
  9786. Great vid for us singles! Keep them coming.
    9
  9787. I'm an IT tech who attended a vocational high school and did two years as an ME major in college. You're better off learning a trade as a teenager and using that experience to help choose a single family home. Homes are dangerous and will kill you, so be careful. When you've had enough with repairs and upkeep, sell it and move outside of the US to stretch your dollar. Portugal is a good choice. Florida is a sunk cost since insurers will keep prices high, and the southwest has no water. NY has awesome water supply, but also crappy winters. You could buy a large lot in Vermont/Maine and build a managed retirement community. If you cannot think outside the box, you will get dealt an ugly hand in your old age.
    9
  9788. they were all balling out like they were making money like that but now reality is knocking on the door, they mad!! No one has to pay for it except them! get a second job, downgrade your apartment, stop going on and watch tv home, forget the new iPhone and imac, no travelling to Europe or asia! PArk yourself home, make a budget and pay them it's called: SACRIFICE!!! Word they always want you to make for them but won't even do for themselves..
    9
  9789. I hope all these institutional investors loose their ass badly to a point where they need to start over. Too much greed in the housing market for over a decade. Prices have doubled since the pandemic. I hope it all crashes to the ground and I’m ready with cash on the sidelines for the deals to come. I’ve been patient, diligent and I’ve been saving for over a decade responsibly to buy my first home. Sorry sellers, your party is coming to and end.
    9
  9790. Hi I am surprised you haven't been in Siesta Key: Top Beach in America! Siesta Beach has been named #1 in the U.S. and #11 in the world by the 2020 TripAdvisor Travelers. Sarasota is one of the best place to live in US - definitely in Florida.
    9
  9791. Good review video of the hotel room Michael.
    9
  9792. Very true. Especially here in Miami, everyone is so caught up in trying to be rich and famous and live the luxury lifestyle they end up going broke and losing themselves in the process.
    9
  9793. Michael I had to laugh when you said kids are a pain in the ass 😂. I'm 34 and have four kids. One boy and 3 girls ages from 2-9 and yes they are seriously two handfuls. I give my wife a shit ton of credit for doing what she can for them and myself. I will tell you this though it brings in a whole different aspect to your own life even you at 35 years of age that they are a beautiful part of life. Yes the cost of everything to have children is expensive especially now I get it. The cost of living these days for families with children is a much tougher life financially. I'm not questioning your thoughts of if you do or do not want to have kids but one minute they are the best thing in the world and the next minute you want to pull your hair out lol. Again this is Steve from New Mexico and thanks for the walk and talk again bro. See you in the next video sir!
    9
  9794. I seriously love this channel.
    9
  9795. Interesting town. Would be cool to also talk about the overall crime rate and safety of the towns if feasible. :)
    9
  9796. We live in the country and 35 miles to a city. There are 4 RV areas, most are full. We have noticed that a lot of them look like they live there. I can see why, property taxes and home owners insurance. 😢
    9
  9797. Michael, thank you for your common sense approach to these crazy times in real estate. Sadly a lot of people have no common sense! A lot of people will be jumping off a cliff, that will be on them. Sure appreciate you!
    9
  9798. Dont complain guys. Its for ukraine.
    9
  9799. Another great show Michael…I also watch Dan@ Allegedly…just found out he’s one of us…grinding away 😂…he’s worth $14,000,000 …I hope your subscribers hit 500,000 cause I think you’re the real deal 👍
    9
  9800. When you are making an offer on a house that has been on the market for a while, make the offer based on what they owe / not asking price. sellers think they should get double/triple/I have seen quadruple when they have owned the house 3 years/ crazy, party's over make offers just over what they paid, what do you have to lose?
    9
  9801. Hi there! Great videos, very informative. I’m originally from Michigan and I’ve now been living in Los Angeles for 30 years and it sucks, like really sucks!! The crime, homelessness, cost of living, traffic, trash everywhere, rude people and the weather is not what people think. Winters are cold and rainy and summer (like now) can get really hot and dry. At the moment there’s more than one fire burning which adds to the crappy air quality. That brings up another thing- air quality in LA is gross and during the hot times of year it’s so bad you want to stay in. They will even put air quality warnings during weather report. Btw.. it does get humid here in the summer too! There’s currently a hurricane off of Mexico and that ups the humidity. You can’t go to the beach to escape it because it takes at least an hour from where I live in Hollywood to get there and to park your car it’s about $20. My husband and I are planning on moving to South Florida in the very near future for the exact reasons you live there. I can’t wait to be able to enjoy the beaches and the less stressful lifestyle you’re enjoying there. Trust us Californians and STAY THERE!! Not every place is perfect, but what it comes down to is quality of life my friend!! Sorry about the rant lol . Take care!
    9
  9802. Absolutely! It is absolutely disgraceful what is happening to locals who have been born and raised here being priced out having to leave what we know. It is frustrating hearing people from people from NY and NJ bragging about how dirt cheap it is here.
    9
  9803. I agree, Uber and Airbnb aren't worth using in the US. However, I travel outside the country often. And they're still my go-to in that situation. Taxi's are the same everywhere. They will always try to rip you off. That's universal.
    9
  9804. Michael I'm so sorry you are in the middle of this, I can't imagine what is going through your mind. sending prayers for you and everyone else who are in your area. so sad this calamities are happening in front of our eyes. we need to pray for the world for our neighbors friends, families business. and all the men and women who are putting their life's for others police, firefighters ........ so sad keep us posted your fans wants you to be happy and safe.
    9
  9805. thanksMichael. Please create a post SECRETS OF FLORIDA> THings only locals know like restaurants, etc.
    9
  9806. I make like 180k btw, always trying to spend less. I hate spending and love saving. Don't wear expensive stuff. Drive a volkswagen. I really feel for people who are supporting multiple kids on what SHOULD be a good income, but unfortunately six figures is the new 50k IMO.
    9
  9807. If I were wealthy, I would move to another country before it collapses. Mexico, Costa Rico and the Philippines would be places to consider relocating to.
    9
  9808. Digital license plates can flash different messages. They can display amber alerts or your car can be tracked if it gets stolen. But they also can get “hacked” and your your personal information could get stolen.
    9
  9809. Yes say whatever you need to discourage such wave of migrants coming down here.
    9
  9810. You're not meant to get a big expensive house in the best area right away. Most people with large expensive houses in nice areas started out small & over the years they built up money & moved up the ladder.
    9
  9811. Maybe they just need to quit loaning people $500,000 on a house that's only worth 50,000
    9
  9812. Easy 18k per year in states like Texas and Florida. Taxes and homeowner insurance can easily cross the 18k threshold on a 600k + residence. He wasn't saying in repairs or upgrades .
    9
  9813. The first area that you felt was too crowded was by the restaurant/restrooms/showers?/maybe a gift shop?....These facilities will always attract more people & families so it was good you walked further and visited the tip of the island. The tips of islands & baysides are always generally quieter.
    9
  9814. You got the life for sure. That place is definitely more my scene as I get older. thanks
    9
  9815. Michael, you are right with every aspect you stated on the student loan forgiveness program. Two other aspects: 1. Students who worked their way through college, often working 2 jobs while attending school, paying their own way, will get NOTHING. We know there “free” government handouts are not free. 2. Families who took out mortgages or refinanced their homes to give their children a chance to go to college and have a better life. As you know, now their home value are in jeopardy of losing value.
    9
  9816. This sounds great! We have a trip planned for May where we’ll be checking out different areas to figure out where we want to live. Most interested in Sarasota, Melbourne, Palm Coast, Ocala, and Clermont.
    9
  9817. Houses in my area in Missouri aren't really going up or falling. They're just flat, and housing inventory isn't really rising. And yet, houses aren't selling fast either. A lot just sit there, at the same price, for weeks. Sometimes they delist and relist the same house over and over at the same price. I have no idea what's going on here. But, it's starting to seem like there's no end to the housing affordability nightmare. My family has been saving like crazy, I could even pay off my current house right now and have leftovers. And yet, we still couldn't buy one of the houses we looked at and passed on 3+ years ago if we wanted to right now, despite being way, way more capitalized and with higher incomes. It's the Twilight Zone.
    9
  9818. Yeah you definitely have a good feel for real estate trends in general. This is a family oriented area, certainly not Miami. The beach access has to do with keeping out all these tourist freaks.... It's crowded now because kids are going back to school soon. People are not going to drive another 10 additional hours down to Miami when they can have better water and less crime here.
    9
  9819. Sad… when housing has become a big Monopoly game!
    9
  9820. Thank God, you don’t live that close. Here in CT we are watching the devastation and wondering as to what could have happened to cause such a catastrophe. My heart ♥️ goes out to all the families effected from this horrible incident and I pray for those families as well. Thank God you are okay Michael, God bless 🥰
    9
  9821. Too true! Home owners and auto went up thirty percent. Hint: True inflation amount?
    9
  9822. In 2015 I bought a house in an HOA. It was my first HOA experience. It will also be my last HOA experience. I keep an immaculate yard, but want a shop in the back yard. It was denied. My house should be paid off this year...I plan to sell and never look back.
    9
  9823. What a nice lady ! You meet great people and always keep it real. Everything up here in Boston according to the politicians media etc say that everything is doing fine up here in NEW ENGLAND! What a joke!😊
    9
  9824. You are 💯 correct! FL has gone insane with the COA’s. Good to know that change is coming!
    9
  9825. Thank you Michael 😊 It’s so sad that homeowners insurance is ruining so many peoples plans. Hope you get to 100,K Subscribers by the end of this year. Blessing’s,, Carlos ✝️🙏❤️😊❗️
    9
  9826. I thought rents were going down. So now they're going up?
    9
  9827. $450,000 4 bedroom home to $100,000 manufactured home to $2,000 month apartment rent or $25,000 car to live in to $150.00 tent to live on the sidewalk next to Starbucks. 😂😂😂
    9
  9828. 🎶 Oh Mickey you're so fine you blow our minds oh Mickey 🎶 you're our one hit wonder, love from Montreal, so glad I nixed hubby's ex-pat wishes, and I do love winter, especially that it's almost over, kidding, we often heat with wood🎉!
    9
  9829. Dunedin city is beautiful! Enjoyable place and friendly people too I bet!
    9
  9830. Thank you soooooo much for this!!!! Absolutely love these areas and it’s so good to get your insight into the neighborhoods and to get a guided tour. Beautiful!!
    9
  9831. Majority want it to crash because they want to buy at a discount. But if it crashes, it will be because people CANNOT buy, even if they want to. So they'll get what they want-a crash-, but it won't benefit them because they won't be able to buy into the crash. When recession hits, businesses struggle. Ppl get laid off, they can't get a mortgage. Interest rates going up ? Banks tighten lending rules. Home prices going down ? Banks tighten rules. Still can't get a mortgage. Homebuilders losing business, more ppl get laid off. Interest rates going up ? Stock market goes down. Companies can't get their funding - especially those high paying tech companies. Ok, Lay more ppl off. Remove those high incomes off the economy, that's less demand for goods and services. Which leads to lower business for other companies. Earnings bad ? Stock market goes down again. More layoffs. Home prices drop again, but still unaffordable with even higher interest rates. What about inflation ? It will calm down, right ? Rents are still going up. Lots of RE investors are cashflow negative (investing mostly for property appreciation). If rates go up and property value goes down, they have to raise rents. How about food ? Farmers are paying more for everything - gas, machines, labour. You think they'll want to work at a loss ??? 2023 - 2024 will be a wild ride. Take the popcorn out.
    9
  9832. Not only are those potato chips more expensive a lot of items are going thru Shrinkflation when products get smaller in weight, size or quantity while their prices stay the same.
    9
  9833. The question is what will all these R.E. agents and mortgage brokers and lenders do for work to maintain their lifestyle when inventory has been cut in half? YouTube vlogging, TikTok, and timeshare sales?
    9
  9834. Looks like a cute little town. I hope to visit eventually. Was funny to hear you mention Cherry Valley. I knew you were from Illinois but didn’t know where. I grew up in Rockford so I know that area well!
    9
  9835. welcome to Miami
    9
  9836. These two are genuine and highly experienced, common sense people. So refreshing. Thank you for the content. Blessings to you 🕊
    9
  9837. I started working remoting since 2018.. Covid changed everything. Working from home was once a privilege for top performers. That all changed when March 2020 hit so I don’t blame them. You can’t just assume all remote workers actually work unless you’re monitoring them.
    9
  9838. That's REAL LIFE. Imagine how terrible it is there to make that and risk their lives.
    9
  9839. Hopefully, people have adult children they can live with or family members to share the cost of living. It will make it easy for both sides.
    9
  9840. Michael, I agree with your read of where we are headed. The only thing I would llike to make sure you understand is that the current offered mortgage rate already includes the expected increases going forward. Currently it seems to assume that after the .50 in December and .25 in early 2023, the Fed would see the levels of unemployment, which should deteriorate by then, and the increases would stop. Having said that, a surprise (more than expectations) in the December inflation read might throw things out. I still believe that rates are not coming down and they might just hold steady. Yes, house are still way overpriced as affordability is and will be a bigger issue after layoffs as you predict.
    9
  9841. The owner of the building that houses the condos should've given condo owners the chance to purchase the building collectively. 🤷‍♀️
    9
  9842. Yessss I drove to 5 gas stations today and finally found some. Cruising on fumes and a prayer. I had no idea everyone was out. Still $4.30 a gallon for 89.
    9
  9843. I’m in the top 10% and I’ve never taken a loan, etc. never invested in stocks etc. I am in you’re demographic for sure. I’ve worked 80 hrs a week and I mainky invest in my business. I do own 30+ single family homes but it’s not my main. I do get much of what you say but I’ve made tremendous sacrifices and pay at least 300k a year in taxes, often more.
    9
  9844. U r telling the truth. U have the guts to tell the truth. Lies are the way to trick the vulnerable people. Thanks.
    9
  9845. Love this topic. Thanks for covering it. I’m never going back to the office.
    9
  9846. There were only 3 for sale signs in Reno Sparks area after driving for 8 hours.
    9
  9847. What you are showing are not Villages. They are Squares. There are close to 100 Villages. Villages are the different neighborhoods.
    9
  9848. That's why you've gotta have the F U money. Once you got that - you can tell them to get bent if need be.
    9
  9849. I live in a beautiful tent
    9
  9850. Mike, they have resented that eviction.
    9
  9851. What???? You mean all the LGBTQ+-@$ people arent buying up all the merch??
    9
  9852. It is definitely a recession. However, we should each live our life like there is a permanent recession "looming". The people who don't "feel" like it is a recession are the ones who are well off, have homes and cars paid for, little or no debt, a job/income stream, and the skills/ability to manage their finances well. The ones who feel the recession deeply and are struggling to make it right now are the opposite of what I just mentioned.
    9
  9853. All the New York investors have their eye on Florida. Sad..
    9
  9854. Michael the banks are going bankrupt. They dont have the money to give out loans . Many homes in my area have been pending way lo ger than usual. Also many homes in my area that were pending are falling out of pending
    9
  9855. If you want to lower inflation, stop voting in politicians who keep spending money the country can't afford to spend. You doing without for your family is dumb if you can afford it. The politicians need to stop spending us to a depression.
    9
  9856. Disappointed that Lizzie doesn’t wear matching shades
    9
  9857. stop telling people this stuff, i need to sell my house this spring to leave
    9
  9858. This is soooo sad!!!! Prayers to all and their families
    9
  9859. I'm a native Floridian and you forgot a great little hidden gem called Melbourne Beach 😁
    9
  9860. Another great video. Thanks Michael!
    9
  9861. Going down in two weeks to house hunt in southwest Florida. Tons of reductions and lower listing prices going on now. Great news
    9
  9862. My 2, bed, 2 bath townhome is bigger than that for $1,836 a month. 😂
    9
  9863. inb4 the rent is too damn high guy
    9
  9864. Word is its going to be a super active hurricane season for Florida===most active season on record.
    9
  9865. Great video👍 Would love to see Ft Lauderdale/Broward County
    9
  9866. I thought property taxes were paid at what the county assesses the home value at, not what you pay for it. That’s why our taxes went down big time during 2008-2009 because our assessed value dropped so much? Am I missing something?
    9
  9867. Hi Michael, elephant in the room. Would love to see you expand your neighborhood walks to outside the US. I really would go to the trouble to explore outside the US before moving to one of those cheaper places you mentioned. I've been to several of those cheaper places; they're depressing as hell.
    9
  9868. It cost $50.00 for family of 4 to eat at McDonalds.
    9
  9869. I keep repeating this inflation is a global crisis and we need to learn how to budget our financial accordingly. If we could save a quarter or even a dime every dollar we make for our retirement, we are doing very good. No matter how much we make, it will never be enough. Budget our financial requires disciplines and commitment. Never invest in politics but to invest in yourself as early as possible. Never rely everything from the government to take care us. Life is short to do the things we don't love doing. We came to this world barehanded and we are going back with nothing. Be mindful and be kind to each other whenever possible. Sharing is caring. Peace to everyone from a genocide survivor!
    9
  9870. Looks like rents are going down from here. Can’t price gouge and expect to keep winning. Actually thinking more about it. Taxes and property insurance rates are up, which probably is the reason why rents are up.
    9
  9871. It seems like Central Florida, especially Orlando area will flourish relatively to coastal cities in this environment. Premiums are much lower, also cost is generally cheaper, between two airports, big employers. I am actually betting on Central Florida becoming a big tech hub.
    9
  9872. I recently vacationed and visited family in Miami and Naples. After watching your channel, curiosity got the best of me. I decided to recon homes for sale in both locations. I had Sticker Shock! So, I returned to Costa Rica and bought another beachfront home, at 1/3 of the asking prices in Miami and Naples!
    9
  9873. I'm glad you mentioned the salaries in FL because everyone talks about how much cheaper it is there but don't realise that the salaries are also a lot lower. The salaries I've had in LA, I would never have in FL. RE CA: Grocery bags are only 10 cents if they do charge and from my experience in LA, when Trader Joes double bags they only charge for 1 because they're nice like that.
    9
  9874. Man if Michael hates noise pollution would he hate practically anywhere in South America. Those new mansions are hideous, look like gyms at a rich middle school.
    9
  9875. I grew up in Dunedin/ Clearwater , FL which was the best. I wish I never had to move with the family. I want to move back.
    9
  9876. I'm not a political guy, I just want my rights, a safe boarder and affordability to live but if this administration has any say about it, we're all screwed currently and it will get much worse for everyone till they're voted out hopefully
    9
  9877. That's why I don't like going on vacation, wondering if someone would move in while I'm on a cruise. I don't even invite people over for a few days cause, according to the law, they're now tenants & you have to take them to court if they decide not to leave.
    9
  9878. They're not going to cut rates at all, Jp is going to protect the dollar even if it blows everything up because that not as bad as the dollar lossing credibility in global markets.
    9
  9879. Awesome Video Man Keep Up The Good Work! I Love Watching These Type Of Videos.
    9
  9880. It will be interesting to see how many people still move to Florida. Lots of work to be done!
    9
  9881. Also notable, Reno, Nevada has higher priced properties due to lots of folks from California buying there.
    9
  9882. Most of the people I spoke to in mobile homes, regret it!! They indicated they pay a lot of fees and fee increases...
    9
  9883. Your governor and his minions need to get off their asses and find a solution to this problem before a total collapse of the insurance industry in Florida. What happens in Florida regarding insurance seems to set the tone for the rest of the country. Florida is one hurricane away from a humanitarian crisis. Can you imagine what would happen if 40% of homes in Florida lost their homeowners insurance and then a disaster strikes before new insurance can be put into place.
    9
  9884. 🔥Real content !! Underrated channel 👑😆
    9
  9885. Cash deposits is essential and discover doesn’t do that
    9
  9886. Your right Michael! This is OUR country!
    9
  9887. 🎉🎉🎉 Well this was an interesting video today. I did enjoy it but I think that I would just like to hear you Michael. Thank you for bringing your friend here and help building his channel. Thank you again for everything you do. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    9
  9888. Some rich people abuse the system like you know who by not paying their taxes..
    9
  9889. Oh my god I have so many friends who are currently experiencing this. They are scared what if they lose their job it’s ugly out there. Having constant anxiety. I can still sleep peacefully at night as I didn’t FOMO. I am going to wait another 2 years if I have to but I will not buy right now
    9
  9890. Same problem they saying not enough land in Canada What a joke lol 🤣 Thanks Michael 👍
    9
  9891. Hi Mike, I miss South Beach I lived there for a couple years when I was single. Negative family stole my dreams and brought me back to Toledo Ohio,. Now that I'm married and kids I've been taking them down to Pembroke Pines in the Winter time at CB Smith park. My wife is loving it down there and she loves your videos. I might have her talked into buying a place down there , winter home, we can't move full time because of businesses ,but part time is a start. Stay blessed and safe.. 🙏
    9
  9892. Maybe people have a Roth IRA that they can pull out penalty free. Maybe, just maybe, that was the entire point of contributing to it for years.
    9
  9893. I'm 23 years old and I just made the big move to Winter Haven, Florida. It's a small laid back town between Tampa and Orlando and if I want to go to to Miami, all I have to do is take Highway 27 from central Florida straight to South Beach. But mind you this move was much easier for me because I have alot of Floridian relatives including my older sister who've lived in Florida for 10+ years from Puerto Rico. I lived in Puerto Rico for 2 years so I'm very familiar with this type of climate and heat here in Florida. And plus in the first 2 weeks I've been here I transferred and got a Nursing job working as an LPN working Full Time 40+hours a week making $23 an hour at a rehabilitation center and got a 2 bedroom 2 bath condo in downtown Winter Haven with everything included from pool, sauna, fitness center, boat dock with cabana on a huge lake across the street. I've been living in Florida for 2 months now and I absolutely love it!! It reminds me so much of when I was living in Puerto Rico!! The only downside is I wish I would've made this move sooner but than again I'm only 23 years young so I still took advantage. I love your channel btw!!!
    9
  9894. Many government pensions in the States have started to invest in ESG companies and plan to make that a large proportion of their portfolios. Good luck with that.
    9
  9895. The ONLY reason the city dropped the fines is because the owners agreed to not park on the car pad anymore. The city literally called it a car pad and they did not see the irony.
    9
  9896. thank you for this video. I live in Calif --- San Diego. I am 65 yrs old and a SD native....so I have seen SD get built up from cow farms into dense housing. I was talking to a few people yesterday that lived and visited Florida and they all said the humidity and heat were crazy in the summer. I also detest the huge condo highrises on the beach. Too bad Florida doesn't have a 2 story ordinance for all real estate on the beach. What a selfish eyesore. I agree with what you say about Calif., especially during covid. The policies and politics here are horrible. I love San Diego, but hate Calif politics. Our governor here is horrific. The great thing about Calif is the diversity of topography...lots of mountains and rural areas on the outskirts. The cost of living here is extremely high and rent for a 1 bedroom is topping $2600 for a decent apt. complex. I used to go to the beach alot as a kid...now I avoid it...too crowded and our water is cold and not clean. Our major problem here is not earthquakes...but lack of water, due to years of drought. I don't see an end to that. I am having to sell my home, as I live in a high fire risk area and can''t afford home insurance. I love the greenery of Florida, but it's starting to get overbuilt and will turn into a "California" in 5-10 yrs. It's the fastest-growing state in the US. So I will stay here.
    9
  9897. Not just young men. Men in their 50s!!!!
    9
  9898. Housing will crash once investors realize there is no profit left in the market. Then there will be a sell off. Just like 08 only difference is it will be worse.
    9
  9899. I like calm beaches, so West Coast for me!
    9
  9900. My friend moved from denver to laguna ca the movers held all her stuff hostage for 3000$ more. She already paid 2500$. She never got her belongings.
    9
  9901. Good to see Lizzy ❤
    9
  9902. Your channel ought to be called THE RIGHT TO BARE ARMS. Thanks for all the valuable info.
    9
  9903. The (much lower) Taxes - two old friends, one living in NJ pays $15,000 property tax per year, the other in a suburb just north of NYC pays $10,000. My property tax first year in Palm Bay was $2,200, this year when the homestead exemption kicks in, will be about $1,800. And then there are highway tolls. Driving back to NY, heading from the NJ Turnpike to the Goethals Bridge, there are two welcome signs. One says 'Welcome to New York', the next one says 'Car Toll $15.00'. And the sales tax rate in Florida is 7%, around the NYC metro area its 8.625%.
    9
  9904. You have to pay cash and be self insured if you can afford it.
    9
  9905. I lived in los Angeles for 13 years and other places in California for 30 years and while yes there's a lot to do the "free"stuff you mentioned ends up costing a small fortune just in parking costs. Parking to go to the "free" to enter whiskey on sunset can cost 20 dollars just to park the car.
    9
  9906. crazy property taxes. i just sold a 1.3m house (2600sqft)and property in TN mountains on 125 acres and my yearly property tax there? $1,800
    9
  9907. High interest rates is great for savers.
    9
  9908. So many people misunderstand the real truth about Florida. It's like paradise for many people especially from cold weather places if you can't get to the islands. Florida is nothing like California. totally different plus its the south and not the west coast. Florida is about lifestyle and entertainment versus a place like Alabama where you have a combination of that plus so much history and culture, more diverse landscape with mountains, the beaches, bayou, huge lakes, caves, and much more, far outweighs what Florida has. Florida 99.9% of the time you will spend your time working a job to pay for the bills, etc. rather then spending 99.9% living the kings and queen life of enjoying the LIFE! unless you are wealthy. You will get the chance to enjoy the things in Florida when time allows you. Florida is not a cheap place to live either. Do your Homework very very carefully before you consider moving to Florida. Its way way more then you think.
    9
  9909. 10:10 "more people continue to look at renting"... but a minute later.....11:10 "rent prices come down." Why would rent prices come down when there's more demand to rent?
    9
  9910. A million dollars hasn’t been worth a “million” in years and years.
    9
  9911. If anyone wants to work there is TONS of work in South West Florida. From working at a gym, to doing pool cleaning, to house painting...it seems lots of places are hiring over here and the local economy is booming. I suggest you have some money saved but if you are a hustler I can see it working out for many people down here even without savings. You just need to desire and drive to work.
    9
  9912. It looked like a hot day. You can tell with the people walking. Very sluggish.
    9
  9913. Gold/silver unboxing mixed with Florida.....you just got new followers lol
    9
  9914. I GOT OUT JUST IN TIME. STILL LOST SOME MONEY BUT NOT AS MUCH AS EVERYONE FROM HERE ON OUT WILL. PRICE AND LOCATION HELPED ME CONSIDERABLY
    9
  9915. Get em James 😊
    9
  9916. Insurance in Florida is still skyrocketing. The FED will crash the house and stock market in October.
    9
  9917. Having moved to Fl from NY 3 and a half years ago, I would say your video is dead on accurate. I will take consistent heat thru the summer over northeastern winters any time. Hopefully in the next 5-10 years I will be able to afford to head north to VT or NH for a few summer months...
    9
  9918. I would like to see more schools have trades taught again. Even if you don’t do as a career you have that knowledge.
    9
  9919. The trouble is, that 270k house that was affordable has become the 425k house now… same house just inflated price. So they aren’t buying a better house they are just buying a more expensive house, all thanks to super low interest rates.
    9
  9920. If people can't afford to retire any more, it means less people moving to Florida.
    9
  9921. I hope all these homeowners enjoy people parking and living in their van in front of their houses from now on, careful what you wish for.
    9
  9922. The fact that some people thought they were going to come down after it just began baffles me. 😂
    9
  9923. YouTube is getting repetitive with people making fake videos just for views Im glad there’s people like you willing to make a useful video that’s real
    9
  9924. Sadly lenders can know your personal life events by simply looking on social media platforms since so many people, especially millennials, publicly post everything they do online.
    9
  9925. Great commentary about teachers.... I am a recently retired mathematics teacher and former engineer from the Air Force. That is so true. I live in the SF Bay Area (renting) and know first- hand about the outrageous cost of housing. I save as much as possible. However, I am certainly looking to escape from California within the next year to 18 months. My rent is high but compared to a mortgage payment it is reasonable. Therefore, even on what would be considered a good pension income I must move out of state.
    9
  9926. Why didn't they get a fixed rate?? Back in 1984, I had a 30-year mortgage fix rate. My payments were $452.54 a month & never went up in all those 30 years. 🏠 🤔
    9
  9927. They think they're lucky because they own a house and that is not true between the house payments the taxes are going sky high maintenance alone no one will come out to service anything under $500 forget about owning a home today you're better off renting.And not worry about the responsibilities That goes along with owning a home and how much time do you actually spend in the home besides sleeping so you're working your job you're working on the house Taking the kids to the activities how much time do you really spend in a home Not that much, You're a slave to your house
    9
  9928. Thanks for traveling around Florida.
    9
  9929. We've been stocking food and water for at least 6 months. We're not eating out to save money unless it is necessary. No purchases on clothing and things that's not necessary to have. People are going to really have a hard time just with food prices that are yet to come .
    9
  9930. There one going through this right now in myrtle beach called renaissance tower. ...not very old. 322 units and they kicked everyone out. This is just the beginning.
    9
  9931. You need to visit destin fl! The beach is so clear it looks like a pool! In my opinion, is the most prettiest beach than all Florida beaches ! I would have to visit Clearwater though looks beautiful too.
    9
  9932. Very good video! It’s interesting that many of Illinoisans (like myself), are looking into moving to Florida. I’m debating moving to Florida or Tennessee. Still doing my research, but I definitely will be leaving Chicago in the near future.
    9
  9933. I graduated high school 1985, The following fall I moved out of the house living in an apartment and working 2 jobs and went to school for electronics. I was glad to get out of the nest and fly and be free. to me it was a fun experience. 😁
    9
  9934. WILL get WORSE if Harris gets in
    9
  9935. Just sold my mobile home last year. STAY AWAY FROM MOBILE HOMES. From 2000 until 2014, my rent was $325 a month in Boulder CO. That's with a good yard. Institutional investors started buying most parks in Boulder 15 years ago. Ours was bought out in 2014. The rent started going up immediately. When I moved out last year, it was $890. The institutional investors basically quit managing the parks. They do the bare minimum. Populations start packing working adults into the homes. Occupancy limits are ignored. If you have 4 to 10 working adults in homes, they can absorb the rent increases. To tell if a mobile home park is institutionally owned, drive through the park on a weekday and then drive through on a Sunday night. It turns into a parking lot. The infrastructure can't handle the population. Sewage backs up, dumpsters overflow. Drugs and alcohol become the norm. I had to be an a-hole to keep people from parking in front of my home and taking my spots. The rent increases and loss of quality of life start to drag on the house values. Our landlords weren't even that bad. I called them the least worst of the institutional investors. But, it becomes a race to the bottom. If you want to know what happens when institutional investors start buying homes in a neighborhood, ask someone who's lived in a mobile home park over the last 10 to 15 years.
    9
  9936. You should get a sponsor for your tanktops. LOL
    9
  9937. Hey, I actually bought your website on Flippa. Been slow-going on fixing it up, but I'm finally adding some more content on it. Plan on making a video series about it as I start up my YouTube channel. Might be cool to bring you on one of the vids if you are interested! So funny stumbling across this. Great channel, keep it up Michael!
    9
  9938. Hi 👋🏼 Michael. Houses are just way too expensive and nothing is a good buy these days, Except for the 1% That have cash to buy whatever they want. First time home buyer’s,, Please save your money, Pay off your debts and get yourself ready for when the market crashes. This will Definitely happen. Blessings,Carlos ✝️🙏❤️😊🇺🇸
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  9939. HOA fees are through the roof in Miami Dade County!!!
    9
  9940. I bought a place in October 2005. At the peek. Because I didn’t want to rent anymore. Now I own it. No more mortgage.
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  9941. Just watching you stroll around on a nice day makes it hard to imagine the Disaster that happened all over the place. ThankYou
    9
  9942. Destin looks so beautiful! Loved getting to see a part of it. Those blue skies are so inviting. Looking forward to future vids of Ocala and The Villages!
    9
  9943. Investors are not stupid. They see the price decreases and want discount homes too. They're waiting on the sidelines like everybody else. As for the average buyer, a jump from 2% to 6% mortgage rate can literally double monthly payments. Keep in mind most "mortgage calculators" are based on 20% down, which not everyone can afford. In metro areas, a mortgage can be $6000 while it may only cost $4000 to rent a home. When it rains it pours.
    9
  9944. I dont understand why anyone paints over bricks. Bricks by themselves look nice and earthy. Didn't know paint can actually make them structurally unstable 😳
    9
  9945. Former Fed vice chairman, Alan Blinder, says the Fed has succeeded, and this is the soft landing.
    9
  9946. West Coast of Florida, every hour of the day, every day of the week, and every week of the year. Full stop. ( fixed it for you) :) Best sunsets on Earth!
    9
  9947. Love the Content Michael, Im also a Realtor im in the Tampa Area. Love the content keep it up! Fellow Youtuber, Christian :)
    9
  9948. Michael's 100K subscriber announcement should be that he was actually a wall street investor this whole time
    9
  9949. I did my trial run in Pompano Beach and really liked it. Much more than the gulf side. I have a small stainless steel business in OK and want to move down to do sculpture business there. I have my first artificial reef sculpture going into the Underwater Museum of Art near Grayton/Miramar Beach in October!
    9
  9950. I remember back in 2007 I was renting a 2bed 2 full bath condo on the beach in Ft Lauderdale and back then, in 2007, my rent was $1000 too… when back then in Florida outside of renting on the beach rent was normally going for like $450-$600. So back then in 07 my $1000 rent was expensive!!! I often think about that condo I was renting thinking I bet nowadays it’s probably $3000 now!! I left Florida, I’m in GA, and closed this July 2022 on a brand new construction townhouse $152k 3 bedroom 1712 sqft and my mortgage $1,005.24.
    9
  9951. I loved going on this walk. I didn’t realize there were normal neighborhoods in Miami Beach (normal as in single family and quiet). Absolutely beautiful. 💗
    9
  9952. Thank you, Michael! I am not a young man. Have been alone for more than 15 years now and loving it with one exception. I am not lonely for other people. Crowds have never appealed to me even when I was younger. The exception is my cat. My cat, Mimi, died last year with advanced kidney failure. She was 16 years old. Animals are easy to live with, never judgmental, always loyal. I miss Mimi terribly. I can say I am lonely for her, but not for human beings. Please don't take offense. I volunteered playing piano at a nursing home, but that was so depressing I had to give it up. When I played the piano at home, Mimi would jump up at the end of the keyboard to listen and fall asleep. When I was on computer, she would lay on the desk nearby. She knew instinctively when I wanted to be left alone. Everyone in my family has died. I miss Mimi the most. Would love to rescue another cat that needs a good home, and I almost did this past year, but thinking it over carefully I knew it would not be fair to a cat or a dog because of my age. Who would care for it when I die? To your point, and a very good one, I love my solitude. I prepare the food I love, mostly healthy except for my love of chocolate. I do my own cleaning the way I want it cleaned. No one to criticize me for anything. Nature helps me tremendously. I also love long walks and do it five or six evenings a week. Now the weather will be gradually getting more comfortable and I will enjoy my walks more among the beautiful trees and wildlife of Florida. I look forward to more of your interesting and entertaining videos.
    9
  9953. Great video as always!! We need at least a 30% drop.
    9
  9954. And it’s not like Ian hit the projects. Captiva/Sanibel and Ft. Myers beach are full of multi million dollar homes. My mom lost a 50 year oak tree to Ian it’s costing 3,000$ to haul away and Statefarm said sorry you have a 6,000$ hurricane deductible. That’s not easy for seniors on fixed incomes. This may break some people in half.
    9
  9955. In order for the American Dream to become real again for most, we need both lower interest rates & lower prices.
    9
  9956. Your foreclosure story reminds me of a situation 22 years ago. This guy married a girl while he was in the Navy with the idea that he would help her through college, then she would help after graduating. She left him after graduating and demanded the house. He went to the house bringing a sledgehammer to the toilets and a buzz saw to the interior structural beams. Most likely went to foreclosure after that.
    9
  9957. I am a strange one, I like the lot to be much bigger than the house. Those desert climates aren't appealing to me either. Would rather have the view of my own cow pasture. The ag exemption really helps with property taxes as well.
    9
  9958. I was at my job a bit over two years and just got laid off this past Monday. I love Miami's Haulover beach Park, from the Haulover Inlet all the way to the north end 1.5 miles away. It's a beautiful, big park with a little something for everyone. Michael, you should start your next video from the very north end of Haulover Beach and give us the bare truth of the status of the clothing and apparel industry. It might be very revealing.
    9
  9959. You ain't seen nuthin' yet... Our insurance went from 1700 to 4900. That's 288% increase. It's in Cape Coral, FL... We had no claim(s) of any kind before Ian.
    9
  9960. I hate this shit so much. They come in bid all the prices up and when the economy is all fucked up, they move to their next victim city. They're trying to do the same shit here in Raleigh NC 😠.
    9
  9961. Sunglasses are your signature look but no sunglasses once in a while would be fine
    9
  9962. Fantastic video, Michael! For me, even though I LOVE Miami, I would want to live on the west coast around Sarasota or Naples. (Well, probs lay anywhere from the Tampa area on down to Cape Coral.). We have a neighbor here in San Diego who is in the process of buying a house in St. Pete, but still keeping their house here, so they can come back during the hotter months in Florida. Anyway, I was surprised to see that a two bedroom, one bathroom house with a pool snd on a canal, was $525,000.00! I was shocked that it was that high, even though the yard was large, had a pool snd was on a canal. The fact that a two bedroom, one bathroom was going for that much in St. Pete was surprising to me. However, you did say that prices are going up all over Florida. Also...my sister snd her husband had a house on a canal down on the Forgotten Coast of Florida, which is between the panhandle snd Tampa. It was at a place called Shell Beach. Talk about quiet nature! Very peaceful. If you have a stressful job snd want to escape, that’s the place! Too isolated for me. They eventually sold it after a few years of ownership.
    9
  9963. AMEN Brother!! They need to let it all FAIL! Starting with the stock market.
    9
  9964. Lots of Canadians own apartments in Florida One of my neighbor from Montreal has 65 apartments for rent in Montreal whoever do not pay rent legally he have the right to kick them out immediately and shut off the lights
    9
  9965. CA has some very serious issues but if you have the money or make enough and avoid the worst spots, it can be nice. I also try to take the long view and like to think that California can figure out how to reduce some of the big issues it's been facing. I lived in Florida and agree with your pros and cons. I didn't like the climate at all nor the amount of bugs, especially mosquitos, and reptilian wildlife nor the amount of people blasting reggaeton music everywhere (unfortunately not just a Miami thing), plus a lot of people lean Republican and are very religious. That said, there are plenty of worse places to live in the US compared to both and I'd rather put up with either CA or FL's negatives than living in the middle of nowhere in the midwest or similar.
    9
  9966. When credit slows the economy really slows, business credit tightens, credit card companies reduce limits, overdrafts are pulled.... and it all feeds on itself in a reinforcing downward spiral. But, i really think with all the QE and lower interest rates in 2024 we could see workers hit hard, and those with capital (rentiers) being reasonably ok so long as they're not exposed to consumer defaults.
    9
  9967. Home prices haven't really dropped that much... I do think if rates drop somewhat substantially (2%+), we will see home prices climb 5-10% in the first 12 months but then everything will be stagnant again. There's just too much demand on the sidelines. Too many smart people have been waiting patiently. Maybe I'm biased though because I'm one of those people and I'm well informed. This is pure speculation but I think people are much more financially educated than they were 12-15 years ago. The rebound will happen much faster than post-GFC.
    9
  9968. Can you talk about how tax assessments are a scam like on real estate mindsets channel It’s a scam when your property asseseses for $500k and you pay taxes on that When you can’t even sell it for $400k
    9
  9969. Thank you Michael for all your information and honesty 🙏❤️❤️
    9
  9970. The epitome of greed, says it all.
    9
  9971. How do you find a rental agent in a city that you have never been before.
    9
  9972. The economy is weird 😂😂
    9
  9973. Hey Michael - I’ve watched your channel for a while now but recently stopped because I settled on my house on 2/1 in Bradenton Florida - Guy wanted $380K and I offered $340K and he laughed. I let it sit and wait - came back and offered $350K and he sold it to me. I got lucky because I still, to this day, cannot find a 4 bedroom / 2 bath with inground pool / lanai and 2 car garage at that price 15 mins from the beach? All over 400K and some are still horrible!!! Much luck to you all - you just have to strike when the time is right for you. PS I saved my butt off for the right to live how I want!!! ❤❤❤
    9
  9974. Savannah, Georgia is great but it is expensive! Beach areas there are limited, and can be super crowded too.
    9
  9975. Out cash rate was lifted from 4.75 to 5.25 yesterday here in New Zealand people aren’t happy but we need it to clean out the zombie companies keep hiking we need a residential property reset to assist families to get into the market. Our central bank follows the Fed. I agree Mike no rate cuts for the foreseeable future maybe a pause in the 4th quarter but no cuts. Another great walk and chat thanks Mike you are onto it mate 🤙
    9
  9976. .50bp hike is like spitting on a 3 alarm multi building apartment fire 🔥🔥🔥🔥🔥🔥
    9
  9977. Ordinarily, Federal Reserve raises interest rate to fight inflation. The current Federal Reserve is not doing a good job in fighting the inflation because it doesn't want to crash the economy, but it's crashing the economy that fixed inflation. Without fixing inflation, houses are more expensive, property taxes are higher, insurance premiums are highers, and those in turn cause rent to go up. Since everybody needs a place to live, and higher cost of rental will eat into everyone's income.
    9
  9978. Amazing. Some condos in San Francisco have garage space for sale for $200-$300K per spot. You guys have one thing we Californians wish we have and that's Ron DeSantis.
    9
  9979. We may have lost 9.6% of our buying power; but at least we don't have to hear mean tweets; and that's the important thing right?
    9
  9980. Not just a real estate bubble, this is the EVERYTHING bubble is gonna burst !
    9
  9981. Agreed. Saving $300/month on current rent with a shortened 6 month lease, compared to last year. In Jacksonville Florida. Will be shopping for even more sales as these huge New apartments get finished all around town. Waiting to buy, so only signing 6 months leases. 💪🏻
    9
  9982. Condo. Hell no even in Ohio ! The condo board. Ya right !! Condo s in Ohio are like wtf. Can’t get financing!!
    9
  9983. This is where my sculpture is... at the Underwater Museum of Art. The FortWalton down to the 30A area is great for that relaxing slow pace sand dune vacation.
    9
  9984. I see what you mean about the “ small town feel”… l do prefer that over bustling beach area… but were l to head to Florida, my choice would be Mount Dora… also small town feel, but, idk… MD just seems more “eclectic”… great little shops, antiques, beautiful old buildings… but…. I love these videos; u r doing a great job! Love to see all the subtleties of Florida without having to hop on a plane and show up there…😃
    9
  9985. You can barely survive in Denver with 2 people earning 20$ an hour. I make over 200k and it's not smooth sailing. The slowing of new construction is affecting my income a little as well.
    9
  9986. Live on a boat cheaper The Mask The Big Lie
    9
  9987. Was planning on moving to South Florida from Chicago in August but the rental rates are insane down there. 1 bedroom in Broward are $1900! Absolutely insane! Sick of the ❄️❄️❄️ but have no choice but to wait another year! Smh
    9
  9988. Crooked builders: epidemic. Lazy inspectors often on the take. Inspectors in my county don't inspect at all. The county takes my permit payments; inspector comes out and nods at everything without even looking.
    9
  9989. You are a bit out of line on the Credit Score rant. Many adults have fallen victim to Identity Theft, Divorce (due to financial decisions/destruction), and so on. It's not always so Cut and Dry with "You're an adult so it's your fault". I always do appreciate the hard work and content.
    9
  9990. Moved from Toronto Canada and I love it here!
    9
  9991. Costco Food Court is undefeated! 😂
    9
  9992. Last time the stocks tanked, didn't they move their cash to RE? I am trying to buy a house in OC in southern CA and it's brutal right now. House listed for $875, needs a ton of work, had wife go look at it she shrugged and said ok it has potential. Then we talk to realtor and she asks the listing agent what number should we be at? He has 33 offers at 950k that's 75k over ASKING for a house that needs 100k in upgrades! Seriously we are getting pissed and deflated with this bonkers nonsense.
    9
  9993. Looks like you’re having a great time in California 😊. Enjoy your stay. And of course thank you for another great video. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    9
  9994. Michael, Terrific Video.......I agree with James S.....it's better to rent than to own, especially if you are a senior citizen.....Thank you...
    9
  9995. 2 of my favorite guys right here. Rates will be 8.5% by the end of the year
    9
  9996. Came so close to buying a condo about 2 years ago, so glad I didn't.....great video, thanks for being honest, not many are nowadays
    9
  9997. I'm sorry but In n Out isn't even feeling this. That just shows most businesses need to rethink their model.
    9
  9998. Happy Easter to Mike and all the great subscribers and viewers.
    9
  9999. You’re average price for a house is still 1million less than living in Toronto Canada and you don’t get snow lol
    9
  10000. Great video, you should do Jacksonville 😆
    9
  10001. they actually forecasted a wet winter. Tampa bay area and many other Florida areas are in a drought
    9
  10002. LOL, "flat as an A cup. "
    9
  10003. Simple, I work on the border. 90% of these people get benefits with priority on housing! If you need more details, just ask all the questions ya want. These people have been bussed/ flown all across the US since the beginning of 2020. The majority of these people cross with less that 50-100 US bucks. Crazy, but they are living fine on the US dollar. You can believe that.
    9
  10004. Let’s go! 🇺🇸 thanks Michael, you’re the dude!
    9
  10005. Empty and free = perfect for me
    9
  10006. The parents of the baby boomers had pensions. They didn't have to save for them or do any financial planning, but were able to retire well. Many of the baby boomers don't have that and haven't planned for retirement. This generation needs to learn from them and plan ahead, like you said, while you are young.
    9
  10007. Very nice of you to comfort the locked out kitty cat.
    9
  10008. I borrowed money 💰 from a loan shark and the only requirement is not to use the money to buy a home . 😃
    9
  10009. Currency debasement, things will only worsen.
    9
  10010. Mike, another great video. Hope that life will return to normal as soon as possible. Having said that you do more videos on other Cities of Florida, real estate and which Florida City is one of the best places to live and etc.. other than that, excellent job.
    9
  10011. Go to St. Charles IL, absolutely beautiful with the Fox River and the beautiful downtown area. It's where I'm from :)
    9
  10012. If you were a CEO and own or lease a giant empty office building, would you be happy walking the empty aisles all these years later? Probably not. Working form home was a silly temporary measure that was only supposed to last a few weeks. Return to work has always been inevitable, that's why my wife and I refused to relocate or take out of state remote jobs paying more. But I do feel for those who were able to move away, only to have their jobs in peril.
    9
  10013. In Australia, if there's an objection to the assessed property value, it's a simple process of filling out a form with a case for further consideration. That's it. It'll be really interesting to see how the new flood mapping negatively impacts property values here.
    9
  10014. Looking at returning to Florida (grew up in West Palm) and was leaning toward the Sarasota area -- however after experiencing Red Tide there a few winters back (in a row) I am now only considering the East Coast or inland. Red Tide is horrific. Always appreciate your videos!
    9
  10015. As a debt-free saver, I say bring on the higher interest rates!
    9
  10016. LMAO right out of the gate of this video!!!!! Isn't it amazing the AUDACITY these flippers HAVE....see this all the time... buy a crap house then sell it for ridiculously more maybe months later after putting just a small fraction into it compared to what their asking now!!!!!
    9
  10017. NEVER TIE ANYTHING TO YOUR HOUSE 🏠. NOTHING ❤❤❤NOTHING AND ALWAYS PAY YOUR HOA FEES AND DUES. ESPECIALLY IN FLORIDA. I'M SPEAKING FROM EXPERIENCE. 🔊 😮😮
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  10018. Basically the lawsuit would force the buyers to pay the agent not the seller footing the entire bill. Honestly majes more sense as the buyers would hold the agents feet to the fire if it is coming out of thier pocket.
    9
  10019. Americans from the NE are realizing their property rights are under attack and they have to run while they can before they lose everything. And I believe they are moving to SFL.
    9
  10020. been going downhill steadily since last summer I cant believe prices for homes/cars stock market has held up Just going to make the bubble pop much much worse
    9
  10021. I saw a video yesterday where a private think tank ran the numbers and said that the real unemployment is 6.5% to 8.0%. Yesterday I saw that Indeed laid off another 1,000 employees in the U.S..
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  10022. Mike!!! When are you going to walk around the poor neighborhoods of all the people who have been left out in this economy who favors the lazy rich living off the Fed, Tax and Trickle Down Economics policies? What we have done to the working class is beyond criminal..
    9
  10023. Your economic insights are highly regarded as being factual; all bubbles will eventually burst. We bought our PPR in 2009. Housing is expected to rise in Oz on the back of immigration. Glad I'm not starting in life now with stagnant wages and rising rent. We had a COVID stimulus in Oz too.
    9
  10024. Key West. If you have to ask, you can't afford it.
    9
  10025. Did not miss any of your videos. The assessments are insane. Bringing the buildings up to reserve is going to be murder. I tried warn my brother in law who wants to get a Snow Bird place in Miami. He thinks I have sht for brains already.... I get no satisfaction from being correct. I did my duty. My parents' building here in West Seattle are 100% reserved because they bit the bullet years ago. There is no deferred maintenance. No reserves is absolute insanity.
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  10026. Never consider a building with no reserve funding!! Never.
    9
  10027. I know when I worked in the pharmacy section in a cvs in DC (I was mostly going on different days for covering shifts, not full time at the store), there would be theft even if there's some security guard inside. He's always telling the store manager that its not his job to stop the thieves. The store manager doesnt report the thefts anymore because its just a hassle and most of the times the cops dont do anything about it and even if they did, the store cant get their stuff back by the time they caught the thief
    9
  10028. I feel for the younger peeps who now have to spend $479k for their 1st home buying experience. I'm staying the path of a cheap bastard!! Timmy C Arizona
    9
  10029. California definitely has THE best weather, no doubt about it. But you will absolutely pay for it.
    9
  10030. If Florida had mountains, it would be perfect.
    9
  10031. Just a couple of thoughts...Since you don't have a state income tax in Florida, your property taxes are more volatile. You don't feel income tax increases as much because they hit you gradually as your income goes up. Property taxes hit you once a year like a gut punch. Pick your poison. You mentioned your HOA fees being a mystery. I used to own a condo in a high rise in Ocean City, MD. People always grumbled about the condo fees. They never went to Board meetings or participated in the deliberations about expenditures but still complained. I always was active and served on my condo Board for many years. I would argue against expenses I considered frivolous and was conscious of operating expenses and how the affected all owners. Board service is a thankless task but its your money and you need to pay attention or suffer the foolishness of others.
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  10032. In the East Texas area the new and existing home prices are going up! I can’t believe it. We have new homes that have been on the market for months with no price reductions. Prices are ridiculous.😢😢😢😢
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  10033. Happy Birthday, Michael!!! I hope your special day is awesome! Enjoy the San Francisco area this summer, even though you are skipping the city, itself. Love that area in general, so you will still have a great time!
    9
  10034. Waiting for mortgage rates to go down?? My first house interest rate was 7.5%. Not sure about other states, but, the interest on the mortgage is tax deductible here in Texas. ARMs are risky unless you’re 100% positive you’re leaving in the next 3-5 years… which wouldn’t be a really good idea now given the inflated prices. Another great video! And, you’re 35?! Your parents did a great job! Wise beyond your years.✌️❤️
    9
  10035. A real estate crash is like a slow landslide. You're not got to go into an abyss suddenly. The signs will start to show. Eventually you find yourself down the slope. The red flags were obvious. The owner was oblivious. Been there, done that. SoCal in the early/mid 2000s. Got out. Don't even want to know what happened to the purchaser (sight unseen)... got out just after the peak. Made it perfect, priced ahead of the curve and got the hell out of Dodge.
    9
  10036. Very interesting video, Michael! I enjoyed the advice and also the some of the views of the area. Florida looks beautiful! I have owned houses with strict HOAs and condos with HOAs in another hot market, Phoenix (literally hot). I was once on an HOA board from Hell (not unlike being an honest person in Congress). Owning your own house here (with an HOA, and almost all homes have them) or condo can be either good or horrible. Right now, I' live in a great condo in a tiny older complex of four buildings, each containing four one-story units in a spectacular neighborhood. HOA fees are only $125/month because there is no pool, no grass (desert landscaping), no clubhouse, and no gate - which brings me to my first piece of advice (maybe you covered it elsewhere): amenities cost money! The fewer the amenities, the lower the dues and, usually, special assessments. If you don't want a pool, gym or clubhouse, you may not want to pay for their upkeep. My second piece of advice is: CHECK OUT THE PARKING situation before you buy. Here, complexes have assigned parking but what happens if a neighbor throws a party? You come home to discover that YOUR spaces are occupied. This is not a problem where I am now, but it was a HUGE problem in my previous condo complex - so verify there is adequate guest parking (even if you don't have guests, yourself). And the third piece of advice is: buy in a good, safe area where you won't be robbed and your car won't be broken into (if you can).
    9
  10037. Divorce Distress Desperation Death Such negatives for selling.
    9
  10038. I gave up. My salary is not sustainable for a house. I'd have to get married to even have a shot.
    9
  10039. Hi Michael! Thank you for all of your videos. You are very helpful.
    9
  10040. Home prices have to really drop in order to get sellers with current 3% rates to budge, but once they see enough of a correction then they all start selling and it's a snowball effect, adding additional downward pressure on prices.
    9
  10041. Here in depressed southside VA. there's a mega casino going up...Danville VA. The churches don't want it...but a tented temporary casino thing is up as a temporary casino...(?) We wonder if the corp. building this is testing to see if this will ever fly...meanwhile middle income housing prices went off the chart...and investment sharks are scavenging.
    9
  10042. 1st, Happy Friday Michael!
    9
  10043. Thank you to our host for all of these daily updates. Enjoy your time away and we’ll see you in November
    9
  10044. I think it should be a legal requirement that buyers pay the buyer's agent commission. Then buyers will have motivation to work directly with sellers to cut out all agents and their exhorbitant commissions. Right now, there is no incentive for buyers not to work with agents, because they don't have to pay the agent's commission, the seller pays it. This needs to stop.
    9
  10045. Can’t wait for the buying edition!
    9
  10046. A job is why I moved down here. Went to Florida with my daughter during her Christmas break, got a job interview and started on the 10th of January. Sure, I had to leave my daughter behind with her grandparents but until she's old enough to be down here for good, I'll be down here working my butt off. And with my job, I get 3 months off in the winter so I Can do all the Disney/beach/fun stuff. Sure, its unbearably hot here during the summer, traffic sucks and there's too many people who can't drive. But, more sunny days than not, more opportunity for personal and financial growth, the awesome governor of Florida who cares about his state and its citizens. I left on the 4th of January from Kansas at 8am and got to Florida at 9pm on the 5th. I timed it perfectly because I drove in between two snow storm systems. 5 states, 1420 miles, 6 stops for gas, one overnight stay in Tennessee, and all in a Miata of all things. It can be done of you're willing to push yourself. Now the hard part lies ahead, establishing myself as a resident and working my butt off to take care of past debt and build myself back up where I should have been 10 years ago. All in good time. Rome wasn't built in a day!
    9
  10047. Orlando is not that affordable. If you want to live in a decent neighborhood, I dont think you can buy a house for 260k. But anyway, good video and very informative
    9
  10048. I hate spiders 😲
    9
  10049. Very nice Marina. You should do comparison of prices, it was interesting about the gas price difference. Also, interesting to see the RVs camped out, it's important to see all the differences.
    9
  10050. we are clearly entering depression. recession has been here for years. downsize, move to country, buy land with friends and pay cash.
    9
  10051. When you grow up in New York City Fort Myers does not seem crowded at all even now
    9
  10052. Mike, in Japan you can get 2 generational mortgage, so 60 years, low interest rate! America has a long way to go! 😀
    9
  10053. Homes are going to get so expensive that the arb between renting and owning will flip for a bit.
    9
  10054. Those that say 'we can't hire until interest rates come down' - that's just bogus. The interest rate coming down ONLY lines the pockets of executives that benefit from share buy-backs using borrowed money, and increases inflation. If you need workers to keep or grow your company, interest rates have very little to do with it.
    9
  10055. Great information, Michael. Your information helps me to know what to look for in my area, which is far from Florida, but nevertheless, it still helps me. Thank you.
    9
  10056. Why does a $5 million house need a “beware of dog sign?”
    9
  10057. Ben Mallah recently lamented about paying $3 million more in interest. He admitted to being stubborn and not locking in rates. Happens to the professionals as well
    9
  10058. The villages - they are building NEW units. How is this possible in this economy? Is the villages stable financially?
    9
  10059. You’re Right Spring break is a part of Miami and it gets really Crowdy... but this year Right after 1400$ stimulus hit their account , all sort of crazy people fromThe Ghetto or people who don’t go vacations were here..., I’m in Miami didn’t even dare to go there even for a minute...
    9
  10060. 1982? Wow. I was 9yo. Time sure as hell flies 🙄
    9
  10061. Love the walk and talks Michael, thanks
    9
  10062. I just checked some rental properties in St. Augustine and they run from around $1,000 up to around $3,900, apartments and houses.
    9
  10063. I love how clean it is there. It's so peaceful. and there's really no people on the streets. 😀
    9
  10064.  @MichaelBordenaro  It's called warehousing apartments. They do this in a building where the want to do extensive renovations and take apartments from rental units to condos. They also use this method to deregulate a rent subsidized or rent controlled apartment so they can charge market rate. The last time this happened was in the mid to late 1980's.
    9
  10065. The quality of buyer prospects is up a.k.a. those who can afford the current market conditions are selling + buying.
    9
  10066. That is a great idea 💡
    9
  10067. $400 a night! LOL I'm pulling $12 a night in my condo, within ear shot of the Kennedy Space Center, rockets be waking my ass up at 3 am.
    9
  10068. Hi Michael. I love your walking tours. I feel like I'm right there with you. Thank you for the informative information as always. God bless!
    9
  10069. I live in Davenport, FL, right near Celebration and Kissimmee and was very fortunate not to flood or having any major property damage. My property is very high above sea level. Zillow and Redfin show flood risk when you research properties. If anyone is buying in FL I recommend looking at properties with minimal flood risk. Avoiding near beaches may be needed but even that isn’t a guarantee. Orlando and Kissimmee are very close to me and had flooding in certain areas.
    9
  10070. Those "horrible real estate agents" are in your comments trying to convince all of us intelligent people that the market is gonna keep going up rather than looking for a new carrier like they should be..
    9
  10071. I would stay in Boise, and fly into Seattle work a couple days, it not uncommon out here to fly into work.
    9
  10072. Every fast food place I passed only has a couple people in it and very few cars in the drive-thru
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  10073. It's funny when you think about it, the realtors that cheerleaded and promoted buying houses at the high prices those same realtors are now going to have to promote dropping the list price by large amounts just so they can get some commissions rather than none. Realtors are starving do to the greed of trying to keep houses going up. Lol
    9
  10074. Thanks Michael for the horrible news with the lovely background. Keep up the good work my friend.
    9
  10075. I've bought and sold 50 + houses in my life not an agent , the only thing a real estate agent has ever done for me is unlock the front door
    9
  10076. I think you need to net 85k a yr not just make 85k ( taxes,ins, cost of living) will eat into your income
    9
  10077. We can'e afford socialism, maybe 30 years ago we could. We can't afford anything. If we went socialist, expect a 30% 10 year treasury. What country would pay for our socialism? If you liquidate the holdings of the rich it only funds 3 months of that experiment. They don't teach this and the implications of this in these hair colleges.
    9
  10078. Private equity firms are the ones buying homes.
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  10079. Retirement quality of life outside of the US is better than in the US at certain levels of income. If you have more than $500k and a paid for home then you could stay in the US, but if you do not have anywhere near that amount, say you have $175k or even $90k then you should definitely leave the US. In Thailand you could rent an apartment with a rooftop pool, gym, across from malls and hospital for $400-$600/mo -- food, weather, beach access, & cost of medical services are way cheaper and higher quality. Cost of living is going to continue to increase in the US and the political environment will continue to get worse. other locations to consider: Mexico Ecuador Costa Rica Bulgaria Portugal
    9
  10080. 🥔 one large regular russet potato is over $2 at Publix. $2.03 a pound
    9
  10081. I can’t imagine that you are wrong, Michael! I think we all just have to hang tight and not make any rash decisions about moving or selling.
    9
  10082. Pro: When hurricane season is over. Con: When hurricane season starts.
    9
  10083. Happy Birthday, Michael!!!!
    9
  10084. In Charleston SC area. I am seeing 300k to 800k still over priced and strong. 800k to 2m are slowing, dropping price, having open houses, selling under ask. Still low inventory. It's better but has a ways to go
    9
  10085. The greedy bastards should be lock up in prison along with their lawyers ! The employees should tell them to pound sand!🇺🇸🍀
    9
  10086. I feel like an economic vulture, but I'm a renter with high savings and good credit, and I'm just waiting for the right time to pounce. I am locked & loaded and ready to go!! But I'm not going to buy until the prices come down to a sane level. I hope the bottom falls out of this housing market. I know people will get hurt, but that is often what happens when you follow the herd.
    9
  10087. Yes. More people need to clean up their act. When I did uber part time I was shocked at the people throwing away their money in the club
    9
  10088. The problem with our neighborhood is each homeowner has a different idea on how to maintain their property...their ideas range from A to Z. Most don't lift a finger ...trash day is a joke, loose dogs, weeds, junk cars, piles of trash...on and on. We do not have any restrictions....and it shows. Opposite of HOA. We live in NM.
    9
  10089. Michael We appreciate you ❤
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  10090. This was my thesis months ago at the height of the market. A recession was always inevitable once inflation took off. I’d go one step further and say a lot of people who moved to Florida because of remote work who are at risk of losing their high incomes are going to get a rude awakening when they try to find similar jobs in Florida at half the salary (Florida wages always lag). That mortgage payment they can afford now may no longer be affordable.
    9
  10091. i actually considered the argument equity vs renting. The problem is that interest itself is rent to the bank. To simplify, 300k house at 6.7% with no extra cost included, no down payment, no principle payments = $396,900.22 in interest alone after 30years. A total of $696,900 for a $300,000 house. So ya, you build equity but what did you pay for that equity??
    9
  10092. So I have come to terms with the Supreme Court decision, but what upsets me is that we have bailed out companies in 2008 when they were struggling.
    9
  10093. My parents mortgaged their farm to put in a house on the property in 1978. There interest rate was 7 percent at the time. They borrowed 20 thousand dollars for the house. And they paid back 38000 dollars over the next 15 years of the loan. What a joke. Borrow 20 and pay back 38 ??? That's the way things are heading again
    9
  10094. I closed on my house 2 weeks before the storm… i was praying for no hurricanes… through the selling my home and buying another process.. luckily we were not directly hit. Some yard flooding here on the middle east coast of florida
    9
  10095. Everything is propped up on credit
    9
  10096. 70 years ago, if you were upper middle class, your home was 1500 sq ft and you had one car. Most likely your in laws also lived with you. You had to lift your garage door and few people had ac. Your TV didn't have a remote and you got 5 channels. Yeah, people have it so bad today.
    9
  10097. This beach looks absolutely phenomenal! Thank you so much for the inspiration! I hope you two get your dream home soon.
    9
  10098. Disney and Epcot were packed for Spring Break explain that?
    9
  10099. Good time to be a renter 🌺
    9
  10100. Insurance companies are going out of business due to the amount of rampant fraud that is happening.
    9
  10101. I'm in Orlando and my auto and condo insurance is climbing
    9
  10102. The most likely scenario is that home owners and builders will continue to benefit from their monopoly and keep supply low. They don't need or want housing sales to bounce back. They are making record profits. When they have to buy, they can just pay cash. It's over, we have become a nation of renters, is time to move.
    9
  10103. Once government gets involved, it usually screws things up. That being said, your idea of limiting the purchases to those that would live in the house for 60 days would be better than many of the programs I've heard of. My personal rule of thumb for the cost of an investment property is if I can't rent it for 1% of the purchase price of surrounding comp rentals, It's not going to work for me.
    9
  10104. We were annual visitors to FL for over 18 years, we stayed on the east coast, west coast, inland, but we fell in love with the west coast sunsets over the gulf. We also enjoy that there are more areas less congested with high rises on the shoreline. I would suggest, before committing to a particular area, rent a house (plenty available on sites like VRBO), and live like you live there. I agree with Michael that vacationing isn't the same as living there. Also visit at different times of the year, traffic, weather, access to parks and beaches change, especially when the snowbirds migrate.
    9
  10105. I've always admired Michael's shirts, especially the textured ones. If I knew where he got them I'd surprise my Hubby. Like, buy a few, and gift one for Birthday, one for Father's Day, one for Valentine's Day. Hubby would love them.
    9
  10106. That house was selling for 550k in 2015 now its 2.1 million. The Feds insistence on low interest rates at every little hiccup in the economy has made massive asset bubbles and made housing unaffordable. When I got my first mortgage in 1996 it was for 8.75 percent, and I made a lot less than I do now, but housing was affordable here in South Florida. Thanks to the Fed housing prices are out of control now. By the way your taxes on a 2.1 million dollar house would be about 40k a year and your insurance would be incredibly high as well. So good luck with that.
    9
  10107. Bought my house 37 years ago… paid for it 14 years ago… I could care less if housing goes up or down… 😂
    9
  10108. The land owners with rentals are loving this.
    9
  10109. Thanks for the video man! I lived in three states my whole life. I am 35 and born and raised in Illinois. moved to Maui Hawaii, then Las Vegas, Nevada and thinking of heading down to Miami, Florida! Got to enjoy life! Your video pretty much has me sold on moving to Miami. And yes I was happier living any state besides boring Illinois! the only thing I miss is my family. For people who are considering leaving, do it! You do not know what you are missing. And once you leave you wonder why it took it you so long to do so.
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  10110. Yea.. encourage me to “keep a loan on the property” to keep me in debt?! Ok buddy👍🏼
    9
  10111. 80% of Americans fail to meet the 800 credit score needed to qualify for the best advertised interest rates. Less than 20% have 20% for a down payment. Who is buying these expensive homes? More than likely the same foreign investors who are buying and propping up the stock market. Many are fleeing their countries currencies as they fall like a stone. They are rushing to safety here in our markets. This is easy to see if you’re looking for it.
    9
  10112. I am about to move from Germany to Ohio this summer. After 2-3 years, me and my family wants to move to a "warm" state like california or florida.
    9
  10113. The solution of Affordable Housing is not working because they charge the same price as a mortgage would be! It's so frustrating! This new inflation period is making me hate money more than I did before. People are struggling, others are greedy, and the Government feeds the greedy terrible mix.
    9
  10114. Love your videos man! You communicate your message and information very very well. 🤝 ☀️
    9
  10115. This is a respectable list. I recommend checking out Ocala for a very different Florida experience. It is GORGEOUS horse country. It definitely doesn't fit the beach destination vibe. But it is BEAUTIFUL
    9
  10116. Did you stop by Rosemary, Alys or Seaside?
    9
  10117.  @MichaelBordenaro  👍🏻 Great! I would hate for you to be in the Panhandle and miss some of its nicer areas/towns.😁
    9
  10118. You ought to think about doing voice overs for advertising. You have a great voice for it.
    9
  10119. Oregon may become 1st state to use Medicaid for housing benefits. The idea is that housing is necessary for health etc and that doctors could write a housing prescription for people on Medicaid. Of course, this will only backstop landlords while raising costs for all other renters, some of which will probably then lose their housing due to affordability thus requiring a "prescription". Life is unfair. It is a struggle. Some of us are just going to slip through the cracks. Life is such. When we artificially lift up some at the cost of others, then that person will be paying the costs. In a zero sum game, some will lose.
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  10120. In my humble opinion, there should not be a U.S. foreigner property purchase ban. At least, as long as expats like myself are allowed to purchase properties in their respective countries. Frankly, there are greater deals in Central and South America, than those same foreigners can find in the U.S.
    9
  10121. It sounds like you and your significant other know how to be frugal and that's admirable. To be honest, I waited tables for many years in college and even now if my husband and myself get subpar service or food we rarely complain and we always tip very well because we're all human and have bad days. Take care.
    9
  10122. Daytona is a great place to live.
    9
  10123. The rent is too damn high!
    9
  10124. If you wanna buy a vacasion home, or a home/condo, where you can spend a part of the year, where would you advice people to buy, Im thinking as European, its a bit hard to find the right place.
    9
  10125. I listed my 22 vacant acres with full utilities ready to build on in Southern Ohio. We'll see how long it takes to sell. * property taxes under CAUV = $364yr. Land has 3/4 flat ready to build, the remaining is rolling hills in Scioto County. New electric & County water, old casket septic, dsl. $105k*
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  10126. Michael, go visit your grandpa in Venice and do a show on Venice Beach ⛱️! Would like to see area around there. Also interested in Vero Beach area! ⛱️
    9
  10127. How bizarre to see people on the beach, we just had record freezing temperatures today in the Boston Metro.
    9
  10128. Michael,.....to me Florida lost its appeal long before this current wave of ''newbies''.I am not passing judgement on the people (over 1000 daily) flooding into Florida (no pun intended). However,...to me once someplace hasn't just been discovered,....but over-run it holds no appeal for me. The only problem is it seems everyplace now has been ''discovered''.
    9
  10129. Love the video. Michael is the best YouTuber in the real estate world right now in my book.
    9
  10130. Michael, I was so glad to buy a new home Not in an HOA.
    9
  10131. Sarasota is going crazy with New Yorkers. Everything is bought up quick for top price. I own two homes and get calls every day to sell.
    9
  10132. I’m so afraid the feds we have now are trying to change the way we have made our living in this country. I believe unemployment is far worse than being reported, but so many people won’t work 😢
    9
  10133. If a tenant is paying on time & taking great care of your investment property,why would you get greedy and take chances to get more cash flow if your already doing great?….”A bird in the hand is better than the two in the bush!!!!”
    9
  10134. Great video as always. Watched a couple of vintage episodes of Miami Vice this past weekend. Your videos are reminiscent of those episodes and you really do resemble Don Johnson as Crockett. You need to do a collab with someone who looks like Tubbs. That would be surreal and plug in some background music from Jan Hammer! Retro.
    9
  10135. I'm such a Miami Beach geek, the two things that left the biggest impression on me from my first visit 9 yrs ago are their fresh squeezed OJ from Puerto Sagua and the A1A street signs in South Beach. It's the little things for me haha
    9
  10136. Keep bringing up issues not many vloggers mention. Good lob Michael!
    9
  10137. One women the other day was saying a high rise condo on the beach is going to assess $69,000.00 for each Unit to have corroded rebar replaced. How many people can afford that?
    9
  10138. The next step if buildings don’t comply is simple. The state will condemn the property.
    9
  10139. I have to wonder how many localities got addicted to the insane amount of tax revenue they were taking in due to the real estate bubble. So now they can't afford to go backwards. Will they just have to raise their rates to make up for the home values decreasing? I have seen from other sources that many of these suburban developments depended on initial help from the federal government to help pave roads, lay electric and gas lines etc for the developments. They claim that once the bills come due to maintain all of those items that taxes will have to raise to levels that are impossible to actually pay due to such low tax payer density per mile in these locations. I wonder if this is true as well? Thanks for the channel, one of my favs!
    9
  10140. The advice given in this video is as solid as it gets.
    9
  10141. Hi Michael! It’s always good to talk out major life decisions with yourself, your family, and your friends (us here). It will always ebb and flow, like the ocean, and sometimes you just have to follow your instincts and take that leap of faith. You are so right about how ‘ home is where you make it’. You are a researcher and planner so I’m positive you’ll make the right decision. Thinking myself of moving to Florida eventually, but there’s so much here in NH that I still haven’t done. I’ll be 59 this year and there’s more mountains to climb (literally!). Maybe in a few years when I decide to slow down. 🤷🏻‍♀️ I love watching your content. Much love to you and your beautiful Lizzie. 💕
    9
  10142. I've been on Zillow and Redfin every day for the past month or so keeping tabs on prices all over the country. As an example of homebuyer indifference, the supply of homes in the Phoenix area dropped dramatically over just a few days time, not because of sales but rather because the listings were taken off the market by the seller/agent. That is very telling.
    9
  10143. I like your Videos .. I’m a Business Broker and I won’t touch a residential deal with all these uncertainties… This crisis has escalated from high interest rates, recession like economy and some greedy unethical agents .. the best thing is those Agents most likely will be gone and good Agents like you will continue to thrive and reinvent yourself as this ever involving market… Learn people hire a good Realtor …
    9
  10144. Sadly, the trespass notice isn't an warrant for arrest. It's a means for arrest on that property. Those other 80 probably wised up and went elsewhere to shoplift. :/
    9
  10145. Also, other countries have strict guidelines to who can live there, for how long, can they speak the native language, and such, like Norway for one example.
    9
  10146. Everyone I know who has lived in California seems to have hated it. Hubby and I almost picked California but the cost of living scared me away lol. It's insanely high.
    9
  10147. Keep up the great work Michael we need more savvy people like you out there, a lot of people out there just don’t get it,it will be a few more years before I reinvest
    9
  10148. Prices out west are very much in fantasyland. If you make a realistic offer, you get rejected.
    9
  10149. Ate a $30 crab sandwich for lunch 20 years ago in Sausalito. Different world for me
    9
  10150. Right now, people needs to pay off any bills and after that, start saving $$$$$$. Pay Bills, Groceries, and Gasoline. And Keep your Eyes and Ears Open , because it's going to become harder for everything or are they all brainwashing people minds. Tell you one thing, and they do another !!!!
    9
  10151. Reward people for not paying their rents??????WTH
    9
  10152. California if you are an active person or like to travel as California has many unique diverse cities. Most Florida cities are exactly the same
    9
  10153. The good news is there is always an opportunity for those that work hard at it. Key word, work. Learn your subject! CBMS products are tanking? As I've said for three years. Commercial real estate defaults are being hidden with sly "deferred" payments of pure air. Look at all the empty spaces and tell me that those mortgages aren't in big trouble. Good educational channel here....one of many, I think. I like the water views and the crazy listings. Hilarious!
    9
  10154. They have a three bed one bath house here in Oklahoma city on my street that they've been trying to rent since early spring and it still sits empty. They still want too much money still not lowering the asking price for rent
    9
  10155. OH my Judy-cousin lives in Venice, and has been there for almost a decade from the State Of Maine. She’s not going to move an inch. That’s a fine place to live.
    9
  10156. Housing is not any cheaper in SF or Bay Area and restaurants are packed on weekends. Waiting for the bust.😏
    9
  10157. I don't know why people think your supposed to make housing affordable. It just seems like your trying to help keep people informed. That's it.
    9
  10158. It just sucks that this looks like the 80s again, because housing prices didn’t decline in the 80s. Just housing sale transactions were cut in half until the late 80s when wages finally caught up to make homes affordable again. I fear that’s what’s going to happen this time. I really want nominal prices to come down but it just seems so out of reach unless a black swan comes. I don’t see foreclosures coming either. Doing a forbearance for mortgages is actually more profitable for the banks. Plus the culture has changed so much since 2008, no personal accountability..they will gladly welcome forgiveness. i.e student debt, stimmy checks etc.
    9
  10159. I agree that people need to live within their means. There are lots of satisfying hobbies and ways of living that are enjoyable, free or low cost. Some examples; gardening, thrifting, self care, cooking at home, staycations etc.
    9
  10160. thank you for bringing this up. it will just hurt the housing market even more.
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  10161. I was born and raised in San Jose, CA, which is south of San Francisco and in Silicon Valley. I live here for proximity to family and friends, year round beautiful weather, and amazing places to cycle even on a work night 🚲. I'm happy to rent because cost of renting is 2-3x less than the cost of owning. I hope to one day move to the southern US to buy, but I'll never own in San Jose, the cost is stupid.
    9
  10162. I'm in Modesto California and houses here are still selling for Crazy Prices I agree with Don Johnson
    9
  10163. People who spend 12 million dollars on a house by them in cash
    9
  10164. I find the images to be horrifying. Glad you did a video on this very important topic. I'm trying to let me partner know that living in SoBe has some serious drawbacks... North Beach looks better and better to me. haha
    9
  10165. You're correct. People misunderstand liability/asset. Even after you pay off. Insurance/Maintenance/Taxes... You're doing a good job with your videos.
    9
  10166. The guy that started mortgage pro built out sales boomerang, they use it to upsell borrowers not determine if they qualify for a loan, for example if a person is divorcing or having a kid they notify their partner realtor and contact the client. This is not used by the actual lenders it is used by loan officers to bring in more business. Another example is if I did a loan for you 3 years ago but get an alert an issue happened where taking out equity may help you thats when the loan officer reaches out.
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  10167. Prices must return to 2019 levels.
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  10168. The emerald coast! The only part I have been is Panama City Beach. But it's been said that Fort Walton Beach and Destin are the best beaches in Florida. I don't know if it's true but I have to see it to determine that. Since you are there Michael what's your take my friend.
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  10169. while stationed in Puerto Rico in the middle 60's I was introduced to a local college gal. Last Friday 23 September we had our 55th wedding anniversary. I learned how to negotiate as well as be cooperative and flexible in my life. She was so kind and I thank her for 'raising' me. Think it through - she was from a completely different social world and I could not even ask for a cold beer in Spanish at the time. Took me 15 years to get her to agree to move with me to Florida. She's STILL the beauty I first met -- Want a great wife? Go to Puerto Rico and go to a small town. Want a really GREAT wife? Go to that same small town, but find a gal that graduated from the Catholic School System and still loves the Lord.
    9
  10170. I've been doing my research on jobs in Tampa that I have experience in.. I think this is the hardest part of moving especially if you can't transfer your current job
    9
  10171. I totally agree with not buying income property right now. The July 31st expiration was a 'tease' and most people - even if the moratorium is struck down - are going to wait a while before buying income property - if at all. I don't think people understand that the Supreme Court told Congress "if you pass a bill that empowers the CDC to impose an eviction moratorium, that will solve the problem" That means we are one Congressional bill away from having a legalized 'rent control' of $0 dollars a month in rent. If everyone in the country comes to understand that, there will be no more apartments for rent - very quickly. Every landlord will stop showing vacant units. The 'privately owned rentals' asset class is pretty much finished, in my mind. Once the banks figure out that landlords can no longer legally enforce the part of a lease that requires payment of rent, all lending for rental property will STOP. I'm paying attention to announcements from lenders in this regard. If I was a lender, I would look at the balance sheet, decide "what will happen to our business if we totally exit from lending for rental properties?" - and if it was feasible - as a lender, I would pull the plug. If you're a lender with a line of business that underwrites loans for rental properties, and you know, prior to underwriting, that landlords cannot collect rent, you would be putting your career at risk to continue lending to rental property owners. It astonishes me that no large lender has announced at least a 'moratorium' on lending for rental property. This weekend, ALL lenders are now going to start talking about it. .
    9
  10172. I work remote and don't make some huge salary. And I want to keep working remote. Absolutely love it
    9
  10173. Credit cards will keep you poor, oh the foolish ones!
    9
  10174. I want to see a bunch of people stop paying their bills…lol
    9
  10175. You either have to give up the golden hand cuffs or you are up so much that you just wanna cash out and do something else, for example travel, rent, or just move in with someone. Giving up your low rate doesn’t exactly have to be because they have to.
    9
  10176. I LOVE how there is no sun (nothing but winds and rain) yet you’re still wearing shades outdoor😎 …SWAG!
    9
  10177. Very few beaches in Ca. are private because of the Ca. Coastal Commission passed in the 1970's...One very smart thing Ca. did. It made it almost impossible to build on a Ca. Beach. That's why Ca. beaches remain so unspoiled. No high rises or hotels on our beaches. Thank God!!!...Malibu has private beach mansions, but the beaches are still public...I can't wait to see your Fla. west coast videos. Good job Michael.
    9
  10178. It’s absolutely a bad idea, but they’ll get what they deserve. And the Government should not bail them out for bad business decisions
    9
  10179. I was renting a beautiful, spacious oceanfront condo on FL's east cost in 2010 for $1350/mo., which at the time was at the higher end of rental prices. I never saw my landlord and auto-paid my rent on time every month. After about one year, I ran into a member of the condo board one day. To my surprise, he told me the condo association was foreclosing on the unit I was renting as the owner had not paid his condo association dues (or his mortgage) in over a year. The association foreclosed, paid the bank, swallowed the unpaid association dues and ended up owning the place for $150K. Now it's a $500K condo. The association wanted to keep renting to me, but I ended up moving out and buying my own place nearby.
    9
  10180. Who can afford that on $12 Publix jobs. This isn't the majority of the state
    9
  10181. We have so many homes in the East Texas area for sale. Prices have really gone up. I thought they would go down, but they haven’t . Some new homes have been for sale for months.😊 We bought 18 years ago, thank goodness!😮
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  10182. I can see my condo from the view at 6:43 Lmao. Im paying $1545 currently and Im over looking the bay. I think if you really try and find older apartments you will be able to get a steal for around $1500 in Miami. But anything new is going to cost a lot.
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  10183. I live in Toronto, Canada... and I think your videos are great!👍🏽 very informative and personalized... as a potential snowbird to FL soon, you’ve really taught me a lot. Thx again 🙂
    9
  10184. That house was garbage! Nope! let it crash!
    9
  10185. Where are all the trees? Why do city parks look like parking lots these days?
    9
  10186. Getting on the news is a huge achievement! Well done sir.
    9
  10187. Not to be cynical or negative, or sarcastic...but, Michael told ya so.
    9
  10188. I can’t help but wonder how many people in San Francisco LA etc. refinance their house got a cheaper interest rate lost their jobs now they’re forced to relocate and give up that interest rate. I have a feeling it has more to do with the job market then people just deciding to move. I think they’re forced to move, it’ll shake out soon enough hard times ahead
    9
  10189. I'm from Michigan. I lived in Florida for around seven months, from April to early November, in 2016. The summer heat really didn't bother me. But probably because I can't stand the cold winters.
    9
  10190. So funny, I live in Orlando, Florida and also left in early June for the summer in California After spending three summers in Orlando, I needed a break from the tourist and traffic now in Orlando since early 2020. Lots of people from Miami moved to Orlando due to the rent being cheaper, unfortunately, now the rent in Orlando has spiked upward. I return back in 2-3 weeks but I’m unsure if I’ll be able to find anything I can afford. I’m looking daily but the availability doesn’t look good. 1 bedroom is averaging $1600-2,000 a month is ridiculous.
    9
  10191. And the world is filled with lollipops and rainbows. 😂🤣🤣🤣😂
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  10192. Scary for the elderly
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  10193. Pretty cool looking though!
    9
  10194. Exactly right : sell now or you will be chasing the market down and loose a copious amount
    9
  10195. Live through a couple of summers down there ughhh
    9
  10196. I'm 36 years old and I don't have kids and I feel EXACTLY the way you do about having children. I also worry how difficult it will be for the next generation. I feel like future generations will have it even harder than millennials had it, to get established. I don't want to see my kids suffer and I don't want to see my kids living with me into the 40s because they can't afford to live on their own.
    9
  10197. Me and my mom listen to your videos everyday. Love the content. The longer the video the better. 👍🏽
    9
  10198. Say NO to high prices. Pretty soon builders will be building at bargain prices. Interest rates are high don’t settle for overpriced JUNK and sloppy seconds. Prices have doubled, tripled, and quadrupled in the last few years!
    9
  10199. We are not even close, there will be a 5 or 6 year down turn so the bottom is a few years away. Expect 5% to 10% price decreases each year for a while.
    9
  10200. A banker once asked me if I wanted to invest in CDs. I told her I didn't need that much music.
    9
  10201. Rural area of Apopka (just north of Orlando) is putting in 4000 unit apartments and future projections adding 13,000 new houses.
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  10202. Damn...that story is so relatable. I started architecture hoping to work on incredible projects (and get paid accordingly), only to realize how boring and mundane it actually is and having to fight uphill battles trying to convince clients that what they want (not always, but plenty) is unachievable. I definitely can relate to how that felt and the sour aftertaste
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  10203. We've been here 7 years now. My advice is to rent for a year, then figure out where you want to buy. That's what we did. We moved twice from Maryland to Charlotte, NC until we decided to retire here. It's the best thing we ever did. I'm in the W section, it takes me 5 minutes to get to anything I need. Shopping, restaurants, my doctor and dentists office, bank, etc. We're in our 60s and everyone that visits, says they love it here too. It really has grown as a family community as well. I'd encourage anyone to move here. Good video, but if you're a real estate rep.your negativity toward this area will not help you with positive sales.
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  10204. who in their right mind would rent a pos looking property for 8k like the one shown in miami shores? These people are nuts.
    9
  10205. The USA is rapidly becoming how Britain was in the 1960's. My father is British and he told me it was impossible to buy a house in England back in the 1960's which is why he came to America. All real estate was owned by Royalty or descendants of Royalty and they had no motivation to sell because they made sure RE taxes were practically nothing. For example, on the place he rented, the RE taxes to the landlord were only about $100/year. Occasionally, when something would come up for sale, the price was something like 50 to 100 times the average annual wages in Britain. So no ordinary person could buy a house, only the ultra wealthy. I'm not sure what the situation is today, but parts of the USA seems headed in the same direction.
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  10206. OMG, this place is AMAZING! I immediately looked this place up and saw that the room rates for this inn are very reasonable! Love everything about this place/area! The inn is BEAUTIFUL! LOVE the pineapple/flower wallpaper! Love the openness, cleanness, all of the gorgeous gleaming wood...even the singer! :-) So glad you ventured over to this lovely place and shared it with all of us! Can't wait to see more! (This area reminds me of Celebration, Florida.) Love it too, that you are doing almost daily videos! Good job!
    9
  10207.  @Declan_Payan  Amazing weather right now, so grateful to be in this beautiful state.
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  10208. If the Fed pauses interest rates its going to send a ripple effect that going to show we are in a major trouble. If the Fed's raise rates its going to show we are in major trouble.
    9
  10209. I desperately wish new homes were being build enmass in walk-able cities.
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  10210. International investors should not be allowed
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  10211. I'm loving seeing my 2 favorites together walking the streets of Miami! It's awesome! 😀🙂
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  10212. Think I’m still going to wait till 2025 to buy a house. Due to economic pressures I think inventory will go up and prices down. I’ll just pay off what debt I have and stack $ while keeping a keen eye on the market. Thinking it’s time to leave FL.
    9
  10213. I feel like paying Board of Realtor dues this year is like buying a front row seat to a boxing match. Money probably better spent on a ticket to see Metallica.
    9
  10214. I see homes are still selling quickly and for pretty high amounts in SW Florida...... I'm not sure what to expect anymore. Thank you for your videos. Happy and healthy New Year to you and your wife!
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  10215. Thanks Michael. Great info for newbies. I rented for for years, bought a condo, sold that for another. I personally will be happy to rid myself of a mortgage, hoa and assorted extras and aggravation and go back to renting.
    9
  10216. I’m with you Michael!! My favorite place in Florida is definitely St Augustine!! Really love visiting there ❤️
    9
  10217. We can't control markets or inflation, but we can control how we prepare for retirement and we have to consider volatility in the markets. Reducing debt, managing expenses, right sizing housing, location location location, are all within our control. Unfortunately it takes more forethought than it did 50 years ago, but planning for retirement is a proactive strategy, no plan is a bad strategy. So if you're not willing to compromise or reassess your retirement options, you'll always be chasing inflation or sweating bear markets and never retire.
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  10218. Most states are causing house prices to rise incredibly high. They have so many rules, regulations, taxes, etc that building a home (if they let them even be built) can sometime double the price. Where I live in Commiefornia they can take a $20k shed conversion (about 140sqft tuff shed that costs $6k with plumbing, electric, insulation, etc added) and turn it into a $150 small home. NOTHING THE GOVERNMENT TOUCHES IS BETTER, its always worse and they say its for the community as an excuse. How is homelessness, drugs, etc safe conditions (they created them all)? Just like idiots who vote in Rent Control, which means yah the 1st lease is normal, but then they will do their normal and increase it exponentially after that, just like Income tax was temporary...
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  10219. Just sold my secondary house last week at asking price. Could have received more, but buyer is a family friend so they got a great discount. Made $80K over what I paid just 2 years ago. Now I am moving back to my primary home mortgage free with $$$ in the bank. It was a win win for everyone. Mohave County AZ is good to me.. Never can go wrong in real estate if you plan ahead in the right States. Coastal States are best, but AZ happens to be an exception since CA is destroyed by those there in power.
    9
  10220. I love your videos, and Orlandos only two channels I watch. I saw that video couldn't finish it was so depressing. Also just fyi our history and literature is being changed daily. Everything is digital and that can happen. For example if you take an old dictionary and compare it to online..... there are vast differences. Most of its pushed politically too... If you dont know your history someone can trick you into doing things again. The truth needs to come out that this is happening...
    9
  10221. The only decent outdoor space has a noisy air conditioner...living room is so small ...the whole configuration with weird angles is wasted space ...all bedrooms small and, yes, joke of a closet in MB ...what was he thinking?
    9
  10222. Government or councils will make sure you can’t do this. No money for them
    9
  10223. Spot on video. I can definitely vouch for the traffic, accidents and Miami Beach not being nearly as congested as NY city.
    9
  10224. Millennial here, me and my husband were planning on buying our first home by early 2024. If things aren’t looking good enough for us by then, we will continue to stay with my parents and help them out with utilities(their home is paid off) . We will be using a VA loan with $0 down so even if price drops the monthly mortgage is just too much. We are comfortable with paying no more that $3,000 a month
    9
  10225. I just sold my mobile home for $1,250,000. True some are low rent in bad areas but in the Florida Keys they can be worth a lot. In 2012-2014 the keys hit rock bottom prices, like a 5 year lag after foreclosures and short sales done in South Florida. so cheap i got one on the bay. Following your advice we said lets sell,we not want to wait for 16 years for prices to go up again.. So we moved to another mobile home park in Key Largo. Rent is $2300 but it 2/ 2 total renovated. So I stay another year. The owners agreed to buy the land to prevent a buyout by investors in this community. approx $86,000 per home. It on the Oceanside maintenance approx $450 a month. I am a realtor, i could move to Wynmoor condos are $2000 a month in Coconut Creek.Another great rental community is in the Villages. So there is value in mobile homes you just have to find the right one.
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  10226. Born and raised in Ca. We left Ca in 1992 and moved to Florida better quality of life here.
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  10227. Man keep coming with them great new ideas. This is another good one! Some come for the real estate, some for the walking tours etc. and some for it all. I have been getting my Miami and FL Shakes taking care of, since almost your first video you put up.
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  10228. Fed will pause later this year at higher interest rate level (5.5%-6.0%) but will not be able to reduce rates due to inflation. We are in a LT higher interest rate cycle that will last at least a decade. That is going to be the new normal.
    9
  10229. Florida native in 60s n 70s you could drive 30 minutes to beach .park on beach. Sooo sad how our home is is nothing but crowded roads and concrete jungle now. And when you go to doctors or anywhere they speak Spanish! Sooo rude ...they refuse to speak english !
    9
  10230. My house in Norway, 700.000 usd. Full Insurance 1150 usd a year. Property tax 700 usd a year.
    9
  10231. I have a VA mortgage at 2.25% and would love to pass it along to another veteran if I sell my house, but I read somewhere that an assumable mortgage doesn’t relieve the seller from any liabilities. If the buyer defaults on payments, I’m legally obligated for the loan still. This is the hurdle the government put in place to make this option pretty much worthless. Who wants to sell their house and still be questioned about it in the future?
    9
  10232. Great show....great guest! The honest truth being presented is so hepful to those wanting to buy a home. I totally agree with your guest. Prices will never drop down where they will be affordable. Oh, btw, gas in California has jumped an average of 40 cents per gallon this past week or so 😨. Thank you and be blessed brother.
    9
  10233. Hey Michael, Very excellent job with the comparison between California beaches & Florida beaches.... Really enjoyed hearing your personal point of view & great comparison points made!!! As a former Californian that loves & adores everything California... I have to say I enjoy both California & Florida beaches, however, the Florida beaches overall are the bigger winner for me and was a major draw for me to leave California & move to Florida full time (3 years ago). California beaches are better for exercise due to the perfect year round weather which is cooler & has no humidity. There is an over abundance of California beaches that have some form of a boardwalk to walk, jog, skateboard or bike along!!! It is just a very California thing to do & also the perfect weather permits it!!! However, having a boardwalk to exercise on is not that common in Florida & unfortunately rare to find. Also, as you notice there are Volleyball nets everywhere on all the California beaches, again, the weather is better for playing Volleyball. Also, Surfing is superior in California & is what California is famous for!!! Add in the scenic California Mountains & Hills in the background.... Just Awesome!!! So, for outside exercise at the beach, California wins in this category!!! However, this true Californian was drawn to the beautiful, clean beaches of Florida with the nice, WARM, clean ocean that you can actually swim in year round!!! For me, the Pacific ocean was too cold even in the Summertime. When I am at the Florida beaches & swimming in the nice, WARM, clean ocean, I feel like I am on a "Tropical Vacation"!!! The Florida Beaches with the WARM ocean was a Big Factor in leaving California & moving to Florida!!! Overall, Florida beaches wins for this Californian... now a Floridian!!!
    9
  10234. oh snap michael bordenaro shaved. that's not a good sign.
    9
  10235. I’ll be in Miami this weekend i love hanging out in Florida
    9
  10236. I lived in OKC is the 90's. The tornado's weren't that bad when I was there but a few years after I left, CAT 5's came through and caused a lot of damage. I can believe insurance is through the roof now. Even if the tornado doesn't come near, the roof can still be shredded.
    9
  10237. I was raised in Surfside and there's not a minute that goes by that doesn't go through my mind. Not a day with dry eyes. It's so difficult. 22 years of my life
    9
  10238. I started college as a part time student for about 3 years. The requirement to be a software engineer was a bachelor degree. I was going for an associate degree. I had to add another year of classes to go from the associates in a specific field to an associates of arts to bridge into the university. My parents told me to attend school full time at that point. So 3 more years full time to get the bachelors degree. 7 years of full and part time school. The bar to get into my line of work has been lowered about 10 years ago. Wish it was an option for me. Then again, I did continue on and get a masters degree. It means I can be dedicated and achieve goals to these hiring companies and does open more doors. Worth it indeed but what a ride.
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  10239. The biggest problem is actually finding rental properties compared to properties.for sale.
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  10240. You know, if & when I can afford to buy a nice place in Florida, I would want to come and see you. I like your honesty, candidness, and your great knowledge of Florida real estate. I am really enjoying your videos.
    9
  10241. I agree. Reduced interest rates don’t equate to your job’s security. Stay on the sideline and stack your chips. I’m noticing mortgages for 600k to 800k homes here in LA are now equivalent to 1M dollar homes I nearly bought a year ago. If they don’t get us on the front end with higher prices, they’ll get us on the backend with higher interest rates. To Add: Throughout my youth after leaving the military, I worked 60-80hr workweeks for an airline because it looked good on paper. The taxes taken changed all of that.
    9
  10242. AND the quality of merchandise is so frail that everything just breaks and breaks and breaks from appliances to sewing supplies. Our cars are made of plastic and electronic parts that don’t work. Even car bumpers don’t work they just rip right into the rest of the car like a run in a nylon stocking. Television tubes, the big picture tube and lightbulbs were invented and designed to be airtight and they lasted for 50 years. Now we are truly lucky if they last for 50 days It’s just awful.
    9
  10243. Hi Michael! 😊 Thanks for all of your efforts to research and produce these videos. Question- would you ever walk through a Florida mobile home park? Some parks don't allow it. But some may, and this would be interesting.
    9
  10244. Hi Michael, 1. Once those condos get bought up and remodeled they still cannot sell for more than the market for that area calls for. Right? No banks will loan more than what the appraisal dictates. 2. I have a townhouse so it's an HOA here and every owner pays the same 400$ a month, regardless of what size the unit is.
    9
  10245. Come to Cali, gov awesome is giving free money. Then free car, free food oh wait…
    9
  10246. There's actually a short window of time around Feb/March that everything is green even in Southern California. All those brown hills turn green believe it or not. Then after that time passes, they turn back brown lol
    9
  10247. Excellent advice as always. Hope your exploration trip goes well and you find the place where everything lines up and makes sense. I’m really excited for you. Seems like many of us are feeling the need for a new start judging by the comments. Can’t wait to see where we all end up!
    9
  10248. Astonishing video! :) I loved every second of it! :)
    9
  10249. Lower credit score combined with a lower down payment equals a much higher monthly payment. Plus the PMI. Why is the taxpayer on the hook for all that, when it's the bank making those loan decisions?
    9
  10250. Walmart has gotten really bad they have alarms on some Product and some are locked up. I stopped shopping at Walmart!
    9
  10251. Miami is the only major city in America that was founded/co founded by a Woman, Julia Tuttle.
    9
  10252. A guy that notices the little things--like how pretty those little flowers were! Coolio!!🙌
    9
  10253. I don't know how Florida plans on enforcing this. Easy for any Chinese national to set up a corporation in the Bahamas or some other country and purchase real estate through the corporation.
    9
  10254. What a contrast in speaking styles and energies. lol
    9
  10255. My wife just quit her job and I am going to be leaving my job in a few months. We have two kids. No idea what I am going to do when I move, but I will figure it out when I get there.
    9
  10256. I lived in a single wide mobile home in a park for 17 years! If you asked me which is better - a mobile home or an apartment? - I'd say a mobile home! There is a lot more room, not connected to someone, you have your own parking space near by, and not much yard to take care of. You do, like with most things, get what you pay for. The higher the rent, the nicer the park. You can buy a nice house for $$$ or an old and small crummy house for $. If you can find inexpensive land to put your house on - that is certainly an option. That was what my aunt did! She bought a house in a park, lived there for a year, and then moved the house to the country. It was good cheap living!
    9
  10257. I pay $1200 a month for the mortgage of my house with a 1.99% rate, and i think it's more than enough, it's valued at around $800,000, i live in Montreal.
    9
  10258. Another great video. I have been considering investing in Naples but I think prices will soften sooner or later. Insurance costs will increase dramatically for sure. Combine that with increased cost of borrowing and the stage is set for a market correction, especially in the more “ affordable”segment
    9
  10259. pay cash. dont get a mortgage people. and if you dont have cash, start by living more simply or living with family for a time period.
    9
  10260. Me too,when you move from one state to another you also changing your whole life it may works at the beginning but when the problems and monotony come people will leave
    9
  10261. Yup and especially when they find out Florida is mostly low paying jobs and not six figures like they are used to....
    9
  10262. A lot of 401k’s are looking like 101k’s right now lol.
    9
  10263. Went to the Mercedes dealer for my yr 2000 E55 because it was computer Software related and I had no choice, good car made 23 years ago and only 117,000 miles, a guy told me he was there because his brand new Merc SUV tranny went BOOM in the driveway after putting it in reverse, car wouldn't move, towed to dealer, then he was returning the rental SUV for another rental because at 60 mph the steering wheel was shaking something bad on the freeway, Goode Gawdd Almighty where and who is making these trash Mercedes cars.
    9
  10264. I think Dan Gelber owes you some public recognition. The honorary Ambassador of Miami Beach. My Realtor got screwed from the pandemic. It wasn’t my fault. I tried like hell to get down there. No inventory, all over priced, won’t appraise, cash buyers only. Forget a loan. It’s going to be a big problem for a while. It’s even happening in Georgia.
    9
  10265. Wow why do people like this exist?
    9
  10266. Hey Michael. I wanted to add something that your followers might find enlightening. Many people are worried about buying a home now with home prices perhaps still declining and the fear of being upside down in a mortgage in the next 1-5 years. For people who plan to stay in a home for let's say 15 years you will come out ahead! Let me explain as I did a calculation. For example, let's say you bought a home now for $350,000. In worse case scenario let's say home prices decline by 3% per year for the next 5 years. That's a long time for declination but your home will be worth $300,000 in five years. One might be worried, right? Well, not so fast because home values always correct when they hit bottom and so let's assume for the next 10 years home prices go up 3% per year. In 15 years your home will be worth $404,000! Now of course this is all speculation and assumptions and nobody has a crystal ball. But historically home prices do go up year over year after a correction. Okay, so assuming you put 20% down when you bought the home your mortgage balance in 15 years will be $200,000. So in 15 years you have 200,000 in equity! Now let's say you want to sell in 15 years and it sells for $404,000. Let's say all costs to sell is 10% or $40,000. After you pay the $40,000 in total sellers costs and pay off the mortgage balance of $200,000, you sill walk away with $164,000! Oh, and that's TAX FREE from capital gains tax if you lived in the home as your primary residence for two continuous years out of the last 5 years! So the moral to this story is you have to think long term with real estate. We got frightened by the 2008 crash, and we got spoiled and greedy by the 2020 Covid unrealistic price surge, and now people are confused! So, I hope this helps to shine light on an otherwise daunting decision. Real estate will go up and down that's a given but statistics show buying a home is works out over the long haul.
    9
  10267. I bought a Condo 10 years ago. The price has appreciated more than the amount of the taxes and HOA fees so I feel like I have got to live there for free.
    9
  10268. Don't buy home for the sake of owning a home If the price too high Stay on sideline Wait for it to come down . If you buy now there a chance it will drop 25 % And you holding the bag 🎒 high interest you could always refinance Higher home price you stuck 😂😂 for the term of the loan 😢
    9
  10269. When interest go to 10% or higher home price will crash back to 2010 level
    9
  10270. I’m planning on going to college in Florida I’m from the uk but I really hate living here and I feel at home when I visit Florida I really want to move there and I think I’m gonna
    9
  10271. Evictions are going to be way up for a little while since the anti-squatting law was passed. Once this law takes affect we’re going to see a real onslaught.
    9
  10272. Many people only carry enough homeowners insurance to payoff the mortgage if a home burns down, etc. Not enough to pay for a rebuild as well.
    9
  10273. I think if you buy now you will see your house devalue a bit before you even close. Its a long way from bottom
    9
  10274. Yep, had plans to move there in November of this year. Maybe I'll move to Tulsa, Oklahoma near the sewer canal for a water view.
    9
  10275. Thanks for your encouraging words on having no shame in renting. I doing exactly as you said and saving over 50% of my paycheck into a money market account and T-Bills.
    9
  10276. We should probably mention - that $525,000 house at the beginning of the video was built in 1920. It is updated though.
    9
  10277. For me, paying off my mortgage has not only felt freeing, it's helped me get through some tough times both personally and financially.
    9
  10278. People would be shocked if they would realize how much of first few years payments go to nearly all interest and how little applies to principal. When you refinance, as Michael states, you are back to beginning of the amortization schedule and hence much higher proportion going to interest once again. The results in extremely high rate of interest if house sells in first few years. The things people dont understand!
    9
  10279. My water bill here in R. I. for a full house with 3 people is $23.00 per month. Get the hell out of Florida.
    9
  10280. These differences represent the price differential were a person to buy today. A lot of people who rent property bought that property a long time ago when the price was much lower. Still, it's interesting to see these gaps.
    9
  10281. Mike!!! Check this out: I lost a house to another offer. The house didn't appraise, the potential buyer backed out...I had a back up offer, and the seller contacted my agent but the seller requests I remove the most appraise clause in order to proceed... I said no way!!! This just happened yesterday!!!
    9
  10282. $13,000 a month in rent? That's $157,000 a year on RENT imagine being in the top 10% of earners in the country and still renting 😭
    9
  10283. Yeah, I made a reasonable offer on a home back in June, that caused the seller to melt down, find me on Facebook and inform me that I had offended him terribly. I offered him 150,000 more than he payed for it in 2017. He had not invested a dime in any improvements but felt asking double what he paid in 2017 was fair and reasonable. Good grief! It's still for sale and the price was dropped 20,000. I feel bad for the sellers realtor!
    9
  10284. Man, you need to relax, Michael, just chill out. Everything is not as bad as you make it seem.
    9
  10285. Woah! Joe, you sound very rattled and rightly so. I'm buckling up for a real nasty ride in Hillsborough County.
    9
  10286. I'm so use to seeing you walking around with sunglasses on that it is distracting to see you not wearing them. 😆
    9
  10287. Well done Michael!
    9
  10288. This reminds me of owning a boat and people surprised how much maintenance and work boats require to stay seaworthy which made me reflects on how you’d see scenes in movies like Pirates of the Caribbean when the pirates had to scrub the deck. You see something like the 325 year old Castillo de San Marcos fortress in St Augustine to last so long because it’s made out of fossilized seashells
    9
  10289. The guy alone in the car with a mask on says it all! I want him to leave Fla!
    9
  10290. Reverse mortgage rules change has helped retirees, such as my parents, keep their house during retirement: can tap into equity w/o selling, and still pass house down to beneficiaries
    9
  10291. Happy Thursday Everyone!!🩷 Thanks for being here!🙏
    9
  10292. Bammm!!! You hit the nail on the head, I am the youngest of the boomers and back not so long ago, short term CD's back then were 7%,8% . Your money went way farther back in the 80's!!!
    9
  10293. I came down from Upstate NY to Madeira beach in my van in 1975 with $500 in my pocket !!! I got jobs right away and stayed 6 years. I would say I just got lucky but it was a different time back then. Met some really cool people but also learned right away to watch for the transients when making friends.... I moved back to NY and am now trying to figure out how I can make it back down after a lifetime here, a great career that has been good to me. Time to hit the beach again !! (I hope!)
    9
  10294. We all have to live within our means. There are plenty of locations I can't afford. I certainly don't feel entitled and demand I should be able to live in these locations. Not everyone can live in high cost of living areas and that is OK.
    9
  10295. Woodstock is really nice now. Ocala needs a little more work lol
    9
  10296. That’s the game of W.E.F they wont people not to be owners anymore!🤷🏻
    9
  10297. To add onto your message, I believe the South Florida market will be hit hard as companies are going hybrid. No more full remote. All those people who overpaid now are under water.
    9
  10298. Happy Sunday Real Estate Warrior 😎
    8
  10299. We have every sort of tax in my state (CA), and I grew up on Abbott Ave not far from where this video was filmed. It is mind-boggling the government can just raise your taxes out of the blue in a retirement state. Rise in property values do not coincide with incomes.
    8
  10300. I just retired with a decent pension, 3.5 times the median 401K balance and 2 plus years of emergency funds. This does not count social security as I am too young to collect it yet. I watch my pennies because everything is on shaky ground right now. I continue to save as much as I can...being aware and wise.... Also, people must take care of their health. Remember your health is your wealth. Many people think they are going to work past 70 but their body may have other ideas.
    8
  10301. the only winner in a bidding war is the seller. As a buyer, the only winning move is not to play.
    8
  10302. Take a shot each time Travis mentioned MCap! Lol. Joking apart great content. Thank you for the honest, straight forward current and forward outlook on the real estate market.
    8
  10303. I enjoy your personality and human caring as you offer valuable information to us all. Stay on camera.😉
    8
  10304. The reason you don't see as many boaters in California is the ocean is a lot colder, for comparison in the month of August when Florida water temperature is 90*, La Jolla bay can be 59*, with low 60s being the norm. Most of the boats you are seeing are fishing boats. I am a fisherman myself and I can tell you that in Southern California we have, most likely the best fishing in the continental US by far. Fishing for tuna, yellowtail is a tough sport that's why not that many boats.
    8
  10305. I worked remote IT for a network of regional hospitals in the US and all of our remote positions got outsourced to H1B labor from India. The jobs they couldn't do remote they re-badged the employees with the 3rd party agency with a huge reduction in benefits and salary.
    8
  10306. FSBO making a comeback 😂😂😂😂 Buyer beware!!
    8
  10307. I recently bought my first home, and this is a good example why I’m reticent to tap into the equity and use my home as an atm even if values continue to rapidly appreciate. I know that sometimes life happens but I wouldn’t do it unless absolutely necessary.
    8
  10308. Most of the time adjustable rate mortgages are not a good idea. Back in the late 90s we had a temporary rate hike. I was selling adjustable rate mortgages ONLY on FHA......Knowing that the economy was not going to hold, and the rates were going to come back down. On FHA you Could at the time Stream line refinance with no appraisal. All of them ended up saving a lot on payments for like 2 years and I refinanced ALL of them to fixed rates with NO POINTS NO FEES!!!!. Knowing the market was key in doing the right thing. Right NOW......I cant really tell you what is going to happen over the next 12 months. Depression?????????
    8
  10309. In 2010 I was 50 years old when I bought my condo. Take the opportunity when it happens because if I never purchased my condo my financial life would be really bad paying rent. In two years I will retire my condo will be paid off.
    8
  10310. "The u s government has never defaulted on it's debt." On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold.
    8
  10311. That's why i live in a single story dwelling.
    8
  10312. What do you think it costs to insure those water side houses?
    8
  10313. People working remotely are also more likely to get axed. It's all going to backfire.
    8
  10314. I really like this video it has a lot of wise advice that you've given us. Thanks
    8
  10315. Your walking tours are absolutely the BEST ones! Great commentary & everything. I love how you notice trees, plants, iguanas, etc along your routes. It's all so good! Makes us feel like we're right there actually hanging out walking with you! Love it!
    8
  10316. For sellers of homes…. The trend is not your friend
    8
  10317. I just read, a couple days ago, about United going belly up. For those of us who want to become FL residents, the whole insurance situation is really distressing. 🌴🐬
    8
  10318. Lived in Florida for years, we got hit in 92, and then in 2007. Got used to the 'fluctuations' in the construction end. But had it it with that state; yea cheaper in taxes; but yea 'right to work' state. For young folks in the trades/ find somewhere else to work
    8
  10319. Nice property at excellent price. I have been at Sandestin and still remember the beautiful white sands. Have a safe trip!
    8
  10320. Microcosm of American economy
    8
  10321. I recently looked at some rental houses. The owner of one of them requires a $190 move-in fee. Perhaps that covers the cost of cleaning the house before move in. However, the owner also requires a $190 move-in fee for each pet. That sounds like an old fashioned gouge. Any thoughts?
    8
  10322. This just solidifies how great Florida is to move to, so many choices! West coast is beautiful too, actually thought hard about it before coming back to Boca but the family's here so it made my decision for me. Clearwater is so nice and St. Pete a lot of fun. Nice to know we can just head over the alley and be there in no time! Good list Michael!
    8
  10323. HOA's have always been a deterrent for me. Another thing to think about in Florida is the rising sea levels and the impact on inland real estate. An example is Little Haiti.
    8
  10324. AMEN!
    8
  10325. great content
    8
  10326. Credit card debt is sky rocketed
    8
  10327. The real estate market be goin up like QQQ lol
    8
  10328. Less government intervention means being cruel to be kind.
    8
  10329. Also please address the bots and fake accounts talking about crypto in your comments. Old people can easily fall in the trap.
    8
  10330. When I was a real estate agent back in the 70's, it was a cutthroat business. Flash forward fifty years, and not much has changed.
    8
  10331. There are a lot of factors for people to relocate to a different location in the country besides that it’s cheaper. Leaving family, friends, community and life style. never mind finding employment. Quality of life is as important as cost. It is easier for a very young single person perhaps.
    8
  10332. The heat's not gonna bother me since I'm looking at the bottom part of Florida to live. it's basically gonna be calories for me to burn when I start jogging and exercising outdoors. NY just got a 60 degree day the other day and my family was acting like "it's scorching hot" 😂😂😂😂 There's tons of things to do in the sunshine state. I've just heard about Sarasota in Florida and was checking it out and it looks wonderful too.
    8
  10333. How many more services did you get from your county for the increases in property taxes. Scam
    8
  10334. I enjoy seeing different markets. Personally, I don't like the architecture in FL. Too boxy, flat roof lines, stucco. Not that it matters. Thanks for the great content Michael.
    8
  10335. I bought a house in North Carolina for 105k, then I sold it for 114k five years later, now five more years later I looked on Zillow and my former house is now valued at between 215k and 245k. It over doubled in price in 5 years.
    8
  10336. forget lower mortgage rate we need lower prices of the house itself.
    8
  10337. Michael - Probably your best video. Unfortunately, as you said, messages like this are necessary due the the abysmal state of education in this country. Nice job!
    8
  10338. you pay membership and then pay again for delivery. check it out.
    8
  10339. non-kin cohabitation may become the new normal in the U.S., which will probably solve a lot of other problems too
    8
  10340. Weirdly enough a couple of my cards increased in credit limit a couple of weeks ago without me asking.
    8
  10341. Miami was a great place to live and grow up. If you're just moving there today, then you're 30-40 years late to the dance. Folks it's about timing, it's not where you live, it's when you lived there. Nobody wanted to live in Miami during the 80's. It was the laughing stock of the world, yet everything was free, you had the beaches to yourself, the housing was dirt cheap. Remember, when everyone wants to be there, that's your cue to move and you'll be ahead of the game.
    8
  10342. Back to the seaside. Thank you to our host for this segment. The indoor segments are just fine. It is the info we want
    8
  10343. $2600 a yr to insure your car. Do you drive a Bugatti?
    8
  10344. And I am on the HOA, we are doing upgrades, etc yearly. Building is 41 years old.
    8
  10345. It’s almost exact same as a mortgage rate buy down. Oh wait…. it is.
    8
  10346. That is so nice of you to open yourself up to others who might be lonely.
    8
  10347. There's something to be said about the suburbs! 💜✌💜
    8
  10348. Looks almost to lively for me!! 😃 Room looked nice and clean!
    8
  10349. Initially you can always tell the landlord that you will be doing Uber or Lyft.
    8
  10350. I like your show a lot. I made my money buying and holding onto rental properties in Providence Rhode Island. What I did is impossible today for young people. And I am so grateful for what I own. Because my life would be very different if I didn’t have my rental property
    8
  10351. Just tell them on the other side of the border.There's plenty of space to camp out
    8
  10352. The Florida scenery is so good to see! Chilly and windy here. 3 more weeks until spring 🙄
    8
  10353. Great video. 2 weeks and counting for big move alone from Ohio to Florida. Nervous as hell as it gets closer. This video really helps... Follow through.
    8
  10354. Why not take those foreclosed hotels and turn them into low cost housing or low cost rentals? The plumbing / bathroom is already there, unlike office buildings. Hey Lizzy, you are adorable. Who's walking the dogs tho? Is there a move to Ca. in your future?
    8
  10355. What makes homes unaffordable is the Amertized Mortage . The first 10 years you pay almost NO principal then you buy another home and rinse & repeat. You never pay your home unless you stay there over 20 years , who does that nowadays. Renting is better for most NO MATINANCE older homes are VERY expensive to maintain. Good Video Looks Like you are Healing up well...
    8
  10356. Big price reductions in my area (hour outside portland oregon) still overpriced but headed the right way.
    8
  10357. Thank you Michael for being REAL... we applaud you for communicating the whole truth and nothing but the truth. Have a great weekend!
    8
  10358. A condo is good idea if you will be living in 8 months a year. More secure.
    8
  10359. My ONLY tip in a competitive market, wait for the bubble to pop! I know, been there/done that.
    8
  10360. Love this. All the more poignant because I lost my 61 year old beloved husband (married for 41 years) on August 10th of this year. We were HS sweethearts in Miami. He died very unexpectedly from complications of undiagnosed Obstructive Sleep Apnea. My son is 32 years old and lost his dad. The sign you have at home that says “All we have is now” couldn’t be more true. Blessings to you and your family.
    8
  10361. The mask is insane once you are vaccinated you are 93 percent immune
    8
  10362. 3% mortgage rates do not make homeowners immune to 15 to 20% inflation. The old argument of "nobody's gonna sell their house that has a 3% mortgage" is a misnomer. Inflation affects homeowners and renters the same. The 41% rise in helocs are going to end up hurting homeowners and allow them to rack up much more debt then renters. I see a lot of inventory and great deals hitting the market in the next 2 years from homeowners tapping out.
    8
  10363. Michael, this was a fantastic and informative video. You are maintaining your Superstar status with relevant data.
    8
  10364. I’ve been through 30 years of hurricanes, including some big direct hits, and I still LOVE living in Florida.
    8
  10365. Looks like an abandoned prison? I’m with you about restaurants and the party backyard. I want privacy in my backyard. Happy Birthday 🎈
    8
  10366. They are going to go after the the middle class on the taxes.
    8
  10367. The driver's were crazy along the West Coast of Florida. I was getting passed by car haulers and semis doing over 85 mph. Then somebody hit a ran my SUV in a parking lot. Needless to say I will be flying down this year and avoiding driving as much as possible.
    8
  10368. Enjoy all your videos and agree with you totally. Thank You
    8
  10369. You need to become a minimalist and create an online business. Start planning to transition to live out of the country!. It may take years before you are ready. However, it will get worse in the US before it gets better, start planning this year!
    8
  10370. 🌴🌴🌴 Life is tough but God is good 👍. Thank you Mike and Lisi 😊. I’m sure that this has been one of the best summers in your life being here in California. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    8
  10371. Affordable doesn't equal safe.
    8
  10372. You can marry the house, date the rate and still get screwed!
    8
  10373. since eviction basically is no longer an option. A bad tenant is a bigger risk than ever. It's worth letting a unit sit empty for months just to wait for a good tenant. I don't blame fellow landlords for opting for that insurance model.
    8
  10374. It is such a pleasure to meet your dad Michael ❤️
    8
  10375. I nearly got burned this year when my mortgage servicer changed. My new servicer apparently didn't get my insurance information from my old servicer and I got a scary letter saying they were going to buy insurance for me. Luckily I was able to resolve it in a day but I'm still peeved because I have no say in who services my mortgage and if they're going to pass my mortgage around like a side dish at Thanksgiving they should make sure all relevant information is adequately transferred.
    8
  10376. You are right. Kathy Wood is talking her own book; it's as simple as that. Her overly hyped growth funds have been hammered - after having applied leverage, how ironic. Her ARK fund was basically betting it all on growth stocks that thrived on near zero rates but it's now in trouble because rates are approaching NORMAL levels. Keep up the good work.
    8
  10377. darn right! I stop buying anything that can be heavily impacted by inflation . ( yes reduced food intake I need to lose weight anyway) for me I have noticed given inflation if I reduce frequency and demand higher quality I am getting more bang for the buck
    8
  10378. Keep in mind that many of those hotels close to the beach get trashed by the Spring Break crowd.
    8
  10379. its not low ball offer its reality thats the normal for now on. Houses went up for no reason no one making double what they made year ago or triple
    8
  10380. Love your truth & honesty! You are absolutely right about this years reality numbers! Can you say “disaster”! I tired to buy a house in Montana two years ago & no way! I am grateful that it didn’t happen for us! Keep up the great work!
    8
  10381. Manufactured Home Insurance is hard to get and expensive.
    8
  10382. If you think the IRS is only going after corporations and the wealthy, I have a bridge to sell..
    8
  10383. $550,000??? Wow. Seems a bit much to me. I know the market in Ocala seems inflated for what you get. I have decided to just remodel my house instead of buying a new one.
    8
  10384. I think a 20 to 25 percent decline in house prices would just be a correction.
    8
  10385. Don't bother looking for deals on Sanibel Island. The causeway is destroyed and has to be torn down and rebuilt from scratch. More than 90% of the houses and businesses are destroyed and total losses. No water, sewer, fuel, food, or anything else. It's going to take years to rebuild and will be insanely expensive.
    8
  10386. Sad times. The FED knew this would happen from going Braaaaa too long. Button down the hatches!
    8
  10387. Happy Birthday Michael and keep the informative videos coming
    8
  10388. What a lovely neighborhood to go for a walk, beautiful landscaping. Amazing how all of those roofer scams have ruined Florida. Eventually the music stops, as it is now, and all the real estate over exuberance has no buyers. It won't take long until the words "luxury remodel" is greeted with laughter.
    8
  10389. I saw another video earlier today with a realtor and an attorney saying that banks could foreclose on homeowners if the value of their home drops significantly leaving them seriously upside down. I suppose like a margin call, essentially. I've looked online and they say that would never happen. Is that a possibility? If so, that's scary!
    8
  10390. Fingers crossed that everyone gets out of foreclosure.
    8
  10391. We need to start having compassion for people, not money. Everything is about money now. That's why shits hitting the fan. People are giving up. We are in a terrible spot and need to be grown-ups, tackle the important issues, and quit kicking the can down the road.
    8
  10392. EVs might be fine for moderate climates like California (except Cali has sky-high electricity prices), Most EVs don't work well in Minnesota in winter and they're difficult to charge without a home charging system which people living in apartments and condos don't often have easy access to.
    8
  10393. Bought my house in 21 @2.875% I'm not going anywhere.
    8
  10394. Thank you to our host for these outdoor walk-around R E sessions. We learn a lot
    8
  10395. This was actually very helpful content for me as a broker. I feel like lenders are often secretive about how they come up with rates and fees. This provided an amazing amount of clarity for me. Thank you!
    8
  10396. Still ridiculously 🤪overpriced!!! Same here in Jacksonville, Florida.
    8
  10397. Merry Christmas i never miss any of your videos. They are always informative and navigate people in the right direction.
    8
  10398. We are heading for a major economic depression. It's here right now people. This nation owes way too much money to float the economy. We owe around 33 trillion dollars on our national deficit. And it keeps climbing higher every year. We can't sustain it. The snowball of debt has become so big that we as a nation cannot push it any longer
    8
  10399. This is why I listen to THIS channel and not Mark Zandy and other's blablabla.
    8
  10400. Opendoor is just the housing version of Carvana ..
    8
  10401. Scotty. An American hero. 👍🇺🇸
    8
  10402. Michael, in Maryland the better houses 2000 sqft at $479,000 are selling like warm bread. I don't know from where people have so much money... My lender has offered me a rate of 7.6 which I cannot afford.
    8
  10403. Few of my friends have moved out of Florida because of the insane housing drama. I don't blame them at all! Enjoy m beach Michael & Lisi 🙂
    8
  10404. I live in the Indian Rocks Beach area which I love, but whenever we get a chance we also love to escape to New Smyrna Beach. I was born in St. Petersburg, but New Smyrna definitely is a high quality zone!! Just thought I would shed some light on another amazing Florida Beach town that wasn't covered on this video.
    8
  10405. Thanks Michael for backing me up on this.. Great Video. Florida was the first state to drop in 2007-2008 and it will be the first state to drop in this 2024-2025 housing crash that I have been predicting since 2014 when it started. Enjoy the Decline 😎 🍿
    8
  10406. I stopped by McDonald's yesterday to grab a cheeseburger, the cheap kind that used to be 99 cents... but it ended up still being breakfast time. SO, i figure "i haven't had a hashbrown in FOREVER" and order one.... $3.50! FOR.ONE.FKK.HASHBROWN
    8
  10407. Very down to earth video.
    8
  10408. I was born and raised in the SF bay area and left about 8 years ago, do not do it..especially since you mention freedom a few times, that really is not a thing in CA.
    8
  10409. Making mortgages, car loans, personal loans, and credit card limits over $5k impossible to get is a good thing. If you can’t pay cash you can’t afford it.
    8
  10410. My mom lives in Sedona. It was only 4000 in population when I grew up in the 1980s. It is overrun with population now which decimates the quality of life of permanent residents. The traffic is horrible. "People who work in Sedona, don't live in Sedona. People who live in Sedona, don't work!"
    8
  10411. We just came through the Mall area , other stores and restaurants. In the parking lots they are full of people vehicles , including the mall . The roads are crowded with vehicles.
    8
  10412. I was there last weekend, stayed on the beach at an older style motel for 150.00 a night. Flagler Ave. is the touristy area with the restaurants, bars, shops ect...
    8
  10413. Those youngsters are still standing there 2 days later binge watching your channel.
    8
  10414. I appreciate flowers in January! ,, Anytime but especially in January!
    8
  10415. A good time to wait just a little longer.
    8
  10416. They are gambling on real-estate and I hope they have enough money to keep playing the game
    8
  10417. I just got an update on my new property tax, and home insurance combined with my mortgage payment was $2,300; now it is 3,500. It hurts, but we can take the hit. I have no idea how others not as well prepared will survive.
    8
  10418. Straight monopoly money!
    8
  10419. Repairs do add up.
    8
  10420. Getting closer to that 100k mark Woohoo
    8
  10421. We are ALREADY IN A RECESSION. LAGGED TIME IS REAL. For us gamers, it's called LAG/LATENCY. Some people are just feeling the REALITY right now. Some people felt it right away. 😂😂😂
    8
  10422. Hey Michael, I have been watching you for a long while and you have totally stepped up your game...keep it up!
    8
  10423. Thanks for making videos
    8
  10424. Eggs and milk will be affordable,,,rents and home ownership will stay unaffordable. Even with a correction in the housing market homes are going to stay high and unaffordable.
    8
  10425. My favorite gentlemen: the oil reserves HAS an end date October 31, 2022. It just so happens it’s 8 days before midterms I am sure it’s a coincidence 😁plus they have to replenish the reserves in winter from Saudi Arabia at 5 rimes the cost PLUS we need oil in the US in winter and our current new contracts domestically is zero….Gas should go up by 2 bucks by December, energy should triple, Merry fing Christmas to all of us!
    8
  10426. I'm in houston trust me prices are insane. We are going to crash trust me. Nobody can afford these overpriced houses
    8
  10427. If you live in a concrete and rebar building near salt and water - you should be concerned. You cannot see how bad the rebar is rusting. All concrete absorbs water.
    8
  10428. Over 70k just to marginally live like a human being.
    8
  10429. That's greedy 60% over their purchased price !
    8
  10430. The fed will absolutely get to the 2% inflation. But it will be just as honest of a report as the 9% inflation reading. Idk why but your videos make me feel better lol 😎 🐊
    8
  10431. My HOA fees are $253 a month. I got a letter from my HOA stating that my dues will not be going up next year.
    8
  10432. "Don't be that girl" LOL
    8
  10433. I am a realtor in NY, doing mostly rentals. I am planning to move to Sarasota Florida in September, and continue in RE career there. I told the landlords I worked with for the last 12 years that i am moving down south and they are heartbroken. But at the same time they asked me to find them a second home property to purchase there .... I am kinda nervous to leave behind my airbnb business here which was doing very well until pandemic happened, but i feel that there is more to life and i literally dislike NY at this point. It is my dream to live in a tropical state and maybe now at 44 its time to follow that dream.
    8
  10434. Car insurance is crazy for younger people. I'm looking at $212 a month and that's on the lower end from what I've heard from different agents. 😭
    8
  10435. Great video, Michael! Very calming and serene. The area is so natural and beautiful! Love the music, too!
    8
  10436. Great content as always Michael, I can’t afford to live at The Villages. That said, seeing your videos continues to motivate me as I pray to Christ to make away from my family to move to Florida.
    8
  10437. Yeah, our plans to retire in FL were ruined due to housing prices going to the extreme. (we live in GA) FL was always more expensive due to popularity but double/triple housing costs are unaffordable for us average folks.
    8
  10438. Looks like such a nice area with different styles of houses. Wondering where these people buying these expensive lots and houses work since we'll have to work when we relocate (from CT) in 2 years. Trying to find an undiscovered gem in NC, SC or maybe FL where there hasn't been crazy growth and overdevelopment
    8
  10439. Regardless of what states do regarding flood zone disclosure to buyers, Bank updated their mortgage loan processing work flow to include information about flood zone status and/or requirement for flood insurance. The Bank wanted to know about risks associated with the home site. Risk information about having a home in a wildfire risk area is also captured.
    8
  10440. Great video. I agree with everything you said it took me 4 to 5 months to find a job down there. I was here for 2 years and nobody came to visit me at all. My brother did but he was down here on business but other than that nobody came to visit because they don't like Florida. Leaving home New Jersey made me appreciate it even more. Everybody wants to look at the weather but you need to look at everything it's not all sunshine and rainbows down there.
    8
  10441. Cool tour! I don’t really go to west avenue much, or ever lol. But over there by pura vida is a good brunch place called Oliver’s, it’s been good every time I go! Def want to check out that bay road area. At 28:30 that bay was beautiful!! Hmm might be a new area to consider checking out in the future! And love pura vida, they have one in south of fifth, I think the original location. It’s my fave! Anyway, great tour!!
    8
  10442. Wow interesting about the forbearance. No one else is talking about this.
    8
  10443. I used to work 35 hours a week on salary now I work 70 hours a week doing the same thing for my self 😊 I 5x plused my income as well ❤
    8
  10444. Opendoor is still buying anything decent around 200-400k all over Florida and marking them up 70k a week later
    8
  10445. I just change my roof in my townhouse for $7500 and my homeowners insurance cost $ 4800 with new roof and windows shutters… I want call tv or police or maybe FBI
    8
  10446. Michael the fog is the reason for the giant sequoias in the rockies
    8
  10447. What do you think about making more smaller homes to increase the housing options? If you look at other countries the size of homes in the US are much bigger.
    8
  10448. That's just one of the many things millenials don't understand.
    8
  10449. I'm curious where you're looking at escaping to during the summer months?
    8
  10450. Alot of the homes I'm seeing for sale now are rundown homes in rundown neighborhoods for 700k. Insane.
    8
  10451. Michael, this was good content - Lord knows I have combed over Clearwater and St. Pete for decent homes and one of the big issues with those locations is most of the homes are so old (50's and 60's), they have to be renovated to be viable, and when the flippers do, they want 300,000 + for near about everyone of them - no matter how close to the beach!
    8
  10452. A lot of people from New York and Los Angeles are moving to Miami, it’s getting crowded with influx of migrants in Miami. I was in Miami last month for vacation I felt the city congested and so expensive. I’m from Dallas Texas it’s a big city but it’s not crazy over here IMO. So I definitely understand you Michael. I know you’ll move on to great pastures and ventures, it seems it’s just how you roll.
    8
  10453. Hi Michael thanks for you down to earth Videos, you are my go to guy. Hope your channel will be continue to grow 😊
    8
  10454. An informative video. You mentioned $25k a year but that’s after taxes, deductions and gross pay. I should be fine living down there by myself as I’m used to making at least $65k a year with good benefits. That’s not that expensive for two people per month. I’ve been to Miami a few times. A pretty place but it gets very hot. I plan to stop back in Florida this summer on my way or back from Jamaica. Florida is a great state to be in. I just still like my mountains, ocean access and all four seasons. 😃👌🏻🇺🇸
    8
  10455. Sometimes being by yourself snd exploring is just what you need. I love doing that!
    8
  10456. I'm in South Florida and I feel like I missed out on my opportunity to buy a home a few years ago. Praying that the prices drop down to at least 2018 levels but everything around me stays inflated. Nothing is dropping by me.
    8
  10457. My mom lives in Arizona and owns her own home (a manufactured home where she owns the land, nearly .3 acers) , but she also owns a mobile home in California that she had not been able to sell because the mobile home park lost is license to operate due to bad maintenance. But a group bought the mobile home park recently and they are being sneaky trying to find ways to take everyone's home away or buy them really cheap. One lady who was renting out the mobile home which was against the rules completely lost her home so yeah that was her fault. But a couple of others who the registered owner of the home died the mhp owners are trying to take them away saying they are now property of the park owners. One was able to get $2k for her home which is really worth easily $80k. My mom was close to selling hers to the owners for 36k but then after reading the contract they are trying to get $4,500 for attorney fees. The home is easily worth over 100k but because my mom wanted to get out of this mess, she was just going to let it go for cheap. But she now has a state sponsored lawyer that is going to help her with her case so that she can sell out to anyone for what its really worth. For those of you that don't know in California a nice, manufactured home in a nice mobile home park is worth at least 350k up to 500k. And then on top of that you have to pay between 700 and 1000 for rent the space. That is because a normal home is now over 600k so a 350k is considered cheap.
    8
  10458. there is a house near me, and is the same model house as mine ,that sold for 350,000 this past July. Zillow shows the current value of that house at 340,000. Yet, my house, and others like mine, which were not sold to anyone, are all shown at 293,000. There is something wrong with the zillow numbers, and you cannot go to trulia as zillow bought trulia, and the same data is shared between the two sites.
    8
  10459. I have considered this myself. not a mobile home, but a prefab home. there are some super cute prefab homes! for like 50k. i like the idea of buying land and putting a small prefab home on it, something like 500 sq ft with a loft would be great.
    8
  10460. The unwelcome thing is totally true. When I was there I saw a guy wearing a shirt that said, “I grew here. You flew here.”
    8
  10461. You know were screwd when the cost to buy an old mobile home and the right to pay rent in the park is $150,000 or more.
    8
  10462. You forgot to include that Florida is a right to work state and explain what that means for employment in Florida. Could you possibly do a vlog on that please? Love your vlogs.
    8
  10463. Can’t smoke the cheeba in condos
    8
  10464. what a situation. any signs of easing perk up the ears of money players, pivoters are out of their mind. market going up just means more rate hikes. and i totally agree, no change of direction til something breaks, then when we get a change alll the money waiting is gonna shoot everything skyhigh, thats where the hyperinflation kicks in, alot of money needs to dissappear, as in losses.
    8
  10465. You inspired me to move to florida I’m in Tallahassee right now and I get to Tampa tomorrow and I start my job on Tuesday
    8
  10466. Years ago I remember they use to claim the the Florida Lottery would keep Property taxes lowers ,,,,they should have a lottery that helps reduce property insurance . The goverment alway waste money . We get a bad return on investment
    8
  10467. was wondering how is the weather? so many say there is a Hurricane there
    8
  10468. Thank you Michael🎃 For all the info in rentals . Couple of years ago my condo on the beach I was renting in Sunny Isles was only 1500 today the same condo is 3500 !! That’s amazing ! What are the landlord thinking !! If they are thinking ?? That’s why I did not move back to Miami I just decided to wait and maybe buy instead! Nothing looks good now no matter how much they are trying to cover it up !!😏
    8
  10469. Silicone Valley Bank....
    8
  10470. I hear there is a lot new Ukrainian money coming to Your area! Thank you Pres. Biden!
    8
  10471. Flood insurance will cover about 1 out of 100 scenarios that can happen with water damage. I have flood insurance on my primary residence (NJ), and read the entire policy booklet. It's pretty much worthless. Especially for multiple level structures.
    8
  10472. How will these poor immigrants afford a million dollar home and the up keep of it?
    8
  10473. We are in a depression here in New Zealand in the central North Island crime is rampant. Ram raids and organised theft in stores is like I have never ever seen. Home burglaries, glass everywhere from smashed car windows, open air drug dealing, violent assaults, wilful damage and you need eyes in the back of your head. New Zealand now has widespread poverty with huge socio economic wealth gaps it is disgusting what our current authoritarian Marxist government has being allowed to occur to make the population dependent upon them. Elections mid 23 we need change our country is going down the toilet fast into a dirty sess pit. Many tourists I talk to in my industry are having problems with their possessions being taken. Nothing reported as the government bought out our media and all goes unreported.
    8
  10474. People are also leaving California and New York because of high taxes and the cost of living. I’m up in Wisconsin and several people from our State have either moved to Florida or are in the process of doing so.
    8
  10475. Home insurance price rising is making everything unaffordable.
    8
  10476. Congress is the opposite of Progress.
    8
  10477. San Diego is the best!
    8
  10478. ​ @MichaelBordenaro  Don't care. It achieves their political agenda of APPEARING to care.
    8
  10479. I've been disabled for 20 years I have no credit what about people like me I live off $20,000 a year
    8
  10480. I can't imagine the horror you and everyone there is going through!! I live in California, and the closest thoughts I've ever had to something like this would be an earthquake of such magnitude that high rise buildings would/could 'break apart' anywhere from 1/4 of the way up with that lower 1/4 to 1/3 part of the building remaining, but the vast majority just toppling over; completely crashing to whichever side. I've had nightmares about being in one of the top floors with it swaying and swaying then breaking apart, with my trying to hold on for safety for nothing as it crashes. My heart goes out to you and all your neighbors during this surreal nightmare. I hope more survivors ARE found, and that they'll be okay after being checked out and cared for at the hospital. Maybe some are in air pockets, but they can't last much longer without hydration. I'm still in shock. Everyday worse and worse things happen in this country, with no let up!
    8
  10481. “Trapped” 🙄. Nobody put a gun to her head. If you have buyers remorse, it’s nobody’s fault but your own
    8
  10482. I’ve always hated the fact that our bodies need so much sleep (or at least mine does haha) because I LOVE staying up late AND being up to watch the sunrise! I wish I could do both all the time!
    8
  10483. I am a Californian. We moved to FL for 7 months. Worst 7 months of my life. We high tailed it back to SoCal without too much loss of money and time. Fl is a swamp. it's that simple. Way, way, way to hot and ungodly humid all year long. No thank You.
    8
  10484. I am all for getting rid of real estate taxes
    8
  10485. Get ready for those taxes to increase Floridians... somebody's gotta pay for those homeless camps aka government paid housing projects smh
    8
  10486. I'm from Louisiana and everyone from here goes to vacation in the Florida Panhandle!
    8
  10487. Once again, tough times for young people do NOT represent anything new. When I was working 2-3 jobs in the 90's an older person said "it takes 2 people to work 2 jobs" Moonlighting is not new!!!
    8
  10488. Thanks for the video Michael. Good content as always!
    8
  10489. Don Johnson here could talk as much bad news about Florida..but these scenic walks make me want to move there 😄
    8
  10490. Bravo Michael👏🏼👏🏼👏🏼👏🏼👏🏼Bravo! You said what many (myself included) we need a reset (not like “that reset”🙄) the one that is going to benefit ALL citizens, not just the 1%. I’ve been saying this sine the Plandemic started. Let’s see how this pans out 🤞🏼🤞🏼. Thanks 🙏. As always, appreciate and value your insights!!!
    8
  10491. You nailed it with this vid. More of these topics and walking around showing Miami. I'm in LA and it looks slow, haven't seen a for sale sign in a while... I have a liscence and I haven't logged into the MLS in a while but my eyes tell me there's no need 😂
    8
  10492. Thank God I had home insurance for my house and for my business, when the town apparently burned down I was covered, otherwise believe me it's worth it get insurance
    8
  10493. Flood maps are being redrawn quickly in Florida so not being in a flood zone today does not mean that it will not be tomorrow. Definitely do your due diligence before buying.
    8
  10494. I'm going to get "corrected" right on my ass out onto the street if this keeps going lol.
    8
  10495. Wow that’s great information you are sharing right here! Do you guys have any type of Airbnb coaching? Airbnb is definitely something I’m interested doing as a first step to get my feet in the real estate business. And Airbnb in Florida is ideal right now.
    8
  10496. Michael you tell the truth with each video. I am a 71 year old that made a point to be debt free. I am fiscally responsible but i don’t belong in this society! Sad!
    8
  10497. I worked for a company,for a shirt time, whose main office was in the penthouse of a high rise. I never felt totally comfortable working there. These high buildings have never attracted me and now I know why…..
    8
  10498. Thank you for always pumping out these vids. The video in your home office was solid. Come for your info and content. Could care less if it was inside.
    8
  10499. Kinda wild sheriff’s sales are on the up tick in Ohio! Don’t pay your taxes! I can buy it for for 10 cents on the dollar!! 41 k. For a 3 bedroom 5 car garage…. Cool to live in Ohio!! It’s coming to Florida!
    8
  10500. 61 K for taxes? Is everyone getting a check from Miami / Dade? Where does all that money go? Thanks for the show.
    8
  10501. We love your videos 🎉❤
    8
  10502. Families with children try to get into the new house before the new school year starts. They're hoping the kiddies make a friend or two from the nee neighborhood ... So . They need to shop starting February.. hopefully find by june.. close by first day of school. People selling need to be on board with that. The same principle holds true with jobs.
    8
  10503. Bubble.
    8
  10504. You keep saying that Renters can move if they don't like rent increase they might get. Moving Sucks! It also is very expensive. I don't know about other folks but I like staying put where I"m at for awhile so I don't have to go through the headache of moving. Have you checked prices on Moving Companies? Do that every few years and see how much money you spend.
    8
  10505. my thought is that inflation will make the current prices not fall but just stablize
    8
  10506. Petaluma always makes me think of Polly Klaas, may she Rest in Peace. That monster is still alive on death row.
    8
  10507. Nice to see your lovely wife again. Fine work you both do, many thanks.
    8
  10508. I work for myself, but if my boss ever made me work in the office I would fire him.
    8
  10509. The fact that you stopped for the cat… ❤️❤️❤️ respect skyrocketed!!!! 🎉
    8
  10510. 🎉🎉🎉 Thank you Michael I’ve just got to say that I really don’t believe most statistics and some data. Everyone just wants to create their own situations to fit their needs (I think this makes sense) Anyways have a great evening my friend. Blessings, Carlos
    8
  10511. For future reference Reuters is pronounced like Roiters not Rooters.
    8
  10512. I evacuated for Irma and it took me 12 hours to get to the Georgia border from Miami Beach, and a full 20 hours to get to North Carolina.
    8
  10513. Good Evening Michael, excellent presentation and as always you're spot on. It appears younger folks today seldom invest into an IRA. Even passive investments, ie S&P 500 index funds will provide excellent gains over time. The retired folks today with a pre-defined pension are probably the last generation with this type of pension.
    8
  10514. Michael, I am glad you brought up the point to do your next videos. I like to see you go to downtown Miami to do some videos. Only if you have a carry permit,for your safety.😊
    8
  10515. How about people moving to Florida because the State was left open during COVID.. Moving to a free State..
    8
  10516. So true! I Can always count on you for a reality check Mike. The beautiful Florida scenery softens the blow!!
    8
  10517. Yes, I agree, always feel free to rant.
    8
  10518. Love this!!Stuck in the house😷and love looking at any water!🏖I like the second one!!More videos please!!
    8
  10519. Buy downs are not always temporary. You can buy points that will last the life of the loan. If you’re paying $300,000 at a 7.00% rate you can buy points (1 point = 0.25%) at $3000 per point that will lower your rate to 6.75% for the life of the loan. I’m not a loan officer but I purchased points on my home and it’s not temporary.
    8
  10520. we need more Lizzy
    8
  10521. Just like one of your recent videos went over the student loan payments restarting are going to put a big hurting on consumer spending. Before housing takes a big hit cars purchases will fall and repossessions will go much higher.
    8
  10522. Good on you Michael for pointing out what a shill Barry Habib is for Redfin, Zillow, and the R.E. market. He should have received the Crystal Ball award for being the most wrong. 😂😂😂
    8
  10523. Please keep your awesome updates coming! I agree bidding wars have mellowed, there have been LIST/WISH price cuts, etc. However unfortunately while inventory is up year over year, it is still well below normal, and actual sale/comp (not wish list prices) prices are still very very high combined with much higher mortgage rates. Looks like we will see a little more inventory, and much less transactions and refis, but no or minimal drops in actual comps.🤡
    8
  10524. I would tear it down and build a new one.
    8
  10525. I work in and around several small businesses, what I mostly hear are that things are down from last year. I'm experiencing it too, hard to get people to spend money, unless they absolutely have to.
    8
  10526. LOVE the evening walk & sound of the surf! I agree that tough times are coming and it will be playing out over at least the next few years in the housing market. Thanks for the update about Citizens! I'm really trying to keep on top of the FL insurance situation, so I appreciate your updates.🌴🌊
    8
  10527. The only thing holding this housing market together is low rates for current owners
    8
  10528. Basic human psychology: It’s a lot easier to fire someone via phone or zoom than in person. Obviously the remote workers will go first.
    8
  10529. place like this in puerto vallarta would cost you maybe 200k, HOA 2-300$ month
    8
  10530. 8:53…Watch them ‘redefine’ what a Depression is, if they redefined and refuse to believe what categorizes as a recession (eg 2 quarters of negative GDP) they will never admit to a ‘Depression’ with 20-30% unemployment.
    8
  10531. I moved into my Texas neighborhood in Jan. 2022. My neighbors told me on the driveway at that time they are getting ready to move. Eight months went by. They just moved in mid-August. They have now listed their vacant home for $360,000 in the midst of a buyer's market. I am dumbfounded that they didn't bust a move in Jan. It will be interesting if they need to do price drops, and if so, how many.
    8
  10532. Secure the border! Problem solved!
    8
  10533. Another great video Michael. Looking forward to watching the housig market news this year on your channel. Trying to wait until spring of 2024 to buy our retirement home down south.
    8
  10534. "He's a Lumberjack and He's Okay!"
    8
  10535. We are in the recession by its definition. It doesn’t feel like it because the job market is strong. However the housing price is coming down, and the supply is beginning to meet the demand. In some case, there maybe more supply than demand. Fed is dead set on causing the recession. So if you feel recession now, it will only get worse. If you don’t feel it, hope it won’t last beyond 2024.
    8
  10536. Thanks as always for the morning walk Michael! We just renewed our lease for another year and are buckling down for 2023, ready to buy low and ride all of this out while we build our school bus house hahaha.
    8
  10537. If a landlord sees that on their credit report [repo/default], will that hurt their chances of getting a lease Michael?
    8
  10538. “Trying to get one up on friends on social media and stuff gets old” While recording a video on a beautiful beach enjoying life 😹 Legend
    8
  10539. The problem with the hi-rise is if power is out its a lot of stairs!
    8
  10540. Young couple here! We are closing on a house in Montana that is 3 bedroom for $195,000. Mortgage rate 4.999 and our mortgage payments is $941 (not including property taxes) We are hoping to start a family soon so this felt like the right call for us! Thanks for the reassurance!
    8
  10541. It really is the Beverly hills of Miami...thank you Michael for the beautiful tour...I hope more tour are coming in the future ... appreciate it.. Sunshine State rules....😎🌞
    8
  10542. Michael, you became famous even in California😊 Lizzy 👋, nice to see you, you look stylish as always 👍
    8
  10543. Of all the 5 properties I have owned …I never paid over $80k for them….
    8
  10544. I’m really curious 🧐 Michael,,, What is the state of Florida doing with all these stupid Taxes??? And where do they keep this money?? Do you think that they put it into regular banks?? Thank you Sir. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    8
  10545. GEEZE, these Cheerleaders don't stop. Good luck refinancing when you're underwater. Another Great Video Michael and Thank You!
    8
  10546. In early July 2022, I sold a condo to one of the big ibuyers. It's since had three price cuts and is now listed at just 6% higher than what I sold it to them for almost 4 months ago! And they remodeled the kitchen, paint, carpet, and have been paying the tax, HOA, and insurance for four months.
    8
  10547. I live in Hawaii and I just got back from a golf trip to the Tampa area. The prices in the grocery stores and gas prices were so low! My goodness, you guys don’t know how good you have it. I love it here in Hawaii but I would never call living here affordable. So yes, I can see why people living in high cost states still view Florida as affordable.
    8
  10548. Great videos. I like following along with you daily during this crunch and watch it fall. So many flippers are getting fucked.
    8
  10549. At this point everyone should stay put, if you need to bunk in with family or friends go ahead and do it, it will allow you to save and do the things you love 💕 to do. Thank you Michael 😊
    8
  10550. All Villages connect by golf carts roadways
    8
  10551. RETIRED Army. Good luck brother. I hope you can make it work
    8
  10552. I’ve said this before, new leadership is needed on both state and federal government levels. Formula for success: 1.) put American and Americans first, 2.) bring back manufacturing to U.S., 3.) lower income and property taxes for everyone, 4.) energy independence, 5.) strong military, 6.) government/private partnerships to bring electric infrastructure to handle electric vehicles, 7.) close our borders until a comprehensive immigration policy is enacted,8.) insist on ethical standards for all politicians, 9.) audit all politicians yearly,10.) all presidential elections should be in person with photo ID, no mail in ballots. This is controversial but would have eliminated all this bitterness and fraud that many Americans feel. I do not think Jan 6th would have happened. The country is split and this reform would assist healing our nation. Many of the issues Michael is talking about will continue until major changes are in place. This is just common sense. However, until we make some changes expect major problems ahead.
    8
  10553. Michael, your common sense harkens back to when I was a kid, and middle-aged people in the neighbourhood actually spoke in a way that demonstrated common sense. Have a great day!
    8
  10554. 20% after the rise in the last few years is more like a correction.
    8
  10555. Thank you for helping to keep the locusts from moving here!
    8
  10556. Hi Michael.. haven't commented in awhile but watch your videos always... As I told you a year or so ago .. my husband and I are in the later part of our lives and no longer choose to own a home because of The CONSTANT maintenence.. with that said.. we have been BLESSED with a 2/2/1 villa in a 55+ in TS for $625 mth .. and BLESSED with a LL that promised to NEVER raise our rent because my husband and I try to do any little maintenence that might need to be done and keep our place clean and I prefer minimalist decorating so it's always tidy lol... Our LL is older like us and truly appreciates good tenants.. He has given us A MONTHS FREE rent a couple of years ago for BEST TENANTS and last month another FREE MONTH for just APPRECIATING US... with the RENTS AT $2000 A MONTH and up.. we as Seniors CANNOT JUSTIFY paying that.. IT'S OUTRIGHT GREED.. and will continue to get WORSE... Thank You for keeping people informed and 🙏🙏🙏 for our Country and it's people❤️🤍💙
    8
  10557. Thank you to our host for this wonderful outdoor walk-around segment.Time for you to return to Florida. Our ambient daytime high temps have plummeted to 94 degrees
    8
  10558. 53:35 I am the guy who is honking in the back I was trying ti say Hi to you🤣
    8
  10559. That lunch and learn for the townhouses sounds pretty similar to a time-share presentation.
    8
  10560. Hi Michael and everyone ❤️❤️❤️
    8
  10561. A house tour in the gated community at 12:30 sounds good plus the narration is awesome. I've seen other walking tours videos in Miami with no narration and like you said it makes the video boring.
    8
  10562. With condo you have no control over condo fee , which is going up almost every year. And with the management company is even worse.
    8
  10563. Living in Florida is awesome . This will change if we allow radical democrats to govern our cities ..
    8
  10564. Yes, the encouragement of many real estate agents to get buys to “buy now” during a time like this, would definitely make me think twice!
    8
  10565. Michael, what percent of Florida would you say you have explored so far?
    8
  10566. The rent is too damn high!
    8
  10567. If the richest generation that ever lived cant afford to retire then there is no such thing as retirement
    8
  10568. Michael, I don't know about Florida, but all I'm seeing in the Midwest are flippers and investors trying to dump their half-finished projects, landlords offloading rentals they no longer want to manage, the usual "needs TLC" junk that should be torn down, and a lot of very small, very overpriced vacation homes ("cozy cabin by the lake" that's 600 feet, etc). Still, it's more than we were seeing a few months ago. It's a start. When we do see homes that are worthwhile, most, if not all, will be snapped up by "all cash" investors who will overbid the asking price, same as happened during the last housing crash. I know a lot of folks are pinning their home ownership hopes on this crisis, but I don't see any good news anyone in this except the usual suspects (Boomer investors in the top 10% income bracket). Everybody else is SOL and when we're done, the housing market will be even more skewed than it is now. The federal government needs to manage this crisis, but I don't see that happening, either. They didn't ten years ago and they've made no signs of doing it now.
    8
  10569. Can you please do a list of best night life spot in Florida? Thank you 😊
    8
  10570. My daily scenic Florida walk with Michael 😊 Coming to Gulfport, Florida next week for two whole weeks! A FUNky place for artists like me!
    8
  10571. You're paying $1300 twice a year for car insurance? Wow. That's just insane.
    8
  10572. For myself and my husband we are retiring in Merida Mexico. Selling our condo in south Florida ,that’s on the water, and we are out of here.. Keeping our small rental home a little up state and see how that pans out. Just crazy expensive in south Florida for every thing. Merida Mexico way Less stress, way less taxes… look to Merida México people …also way less crime! Just an hour and a half flight from Miami. We do have options for those who are remote workers and those retired.
    8
  10573. Hope you and your wife are enjoying yourselves. You both look good in California 😅 continue to stay safe and watch your back.
    8
  10574. I'm here in NY, things are terrible-have a stable income and landlords here aren't taking on any new tenants!! I have proof of income, financial statements-still no good!! They won't even negotiate upfront cash!! Worse yet I never missed a rental payment!!We are all suffering✓✓ take care..
    8
  10575. Same as the homes in St. Augustine, the closer you are to the beach the much more expensive the homes ($600K+++) I decided to buy in the country on four acres (Ocala) for less than $300K. I can drive to the beach at any time in less than 45 minutes. Peace and tranquility is worth it for me.
    8
  10576. Gas prices are already at $4/gallon in Ohio due to a refinery fire in Toledo. Love this channel! Great content. Keep it up!
    8
  10577. I felt the bad hair days 😂😂 that’s why I’m into keratin
    8
  10578. single digit inflation? LOLOLOL it's in the teens at minimum.
    8
  10579. Millions of Veterans use VA including myself. I never lost a home.
    8
  10580. the "not enough houses" myth is about to be popped. house availibility v. homeowner credit ..... there will be chingo houses to chose from 3 months from now
    8
  10581. Build Back Broke.
    8
  10582. I appreciate the hustle from the local celeb real estate warrior! 😎❤️
    8
  10583. HI Michael, For your information, Moving violations from any state will follow you to your own state and you will be forced to pay. Your friend probably taught that because he does not live in CA it was OK to do not pay, WRONG! Is lucky if they did not bill him for a huge amount of late fees. if you think you do not need to pay your out of state tickets, goods luck to you. This is nationwide by that way, they create a country data base.
    8
  10584. I live in NC and everytime I go to Florida I can't wait to get back to NC!
    8
  10585. That was a great video!
    8
  10586. Adjustable rates, adjust you right out of your home.
    8
  10587. Everyone was saying the new FEMA maps were wrong, they had too many new flood zones. Those maps were mostly right or even too conservative. Check those maps before you buy anything. Make sure you know where the rivers are and stay away, unless you build way above it.
    8
  10588. Yes, New Smyrna is a very expensive little city.
    8
  10589. 🌴🌴🌴 Well i Guess with the change of clothing means it’s about time to get back home 🏡. Sorry to see you go😢. But I’m happy that you spent the last half year or so in the State I grew up in. Safe travels to you and LISI. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    8
  10590. Michael, if someone pays cash for the condo which eliminates banks, financing, etc. would their credit score not be a factor in the equation?
    8
  10591. This was very informative, thank you! I'm about to pay off my student loan debt and start saving for a down payment. I've been doing my research and strongly believe a condo is right for me as I'm a single guy. After watching this video and reading the comments, it's making me second guess this purchase come 2021. The last thing I want is to overpay due to special assessments and high annual HOA increases. What to do, what to do...
    8
  10592. I commented on another video recently about the red hot Wilmington NC - Myrtle Beach SC RE market was cooling. A realtor friend posted Wilmington stats: Closings down 16.5%, Listings down 13.5%, Pending down 3.5%, sale Prices up 15%. There is a lot of shadow inventory here in new construction at various states of completion.
    8
  10593. Last week a realtor knock my door asking me if I want to sell the home, he was doing that in all the neighborhood
    8
  10594. Michael, maybe the "friendly home buyers" who advertise on radio and mass-mail unsolicited lowball offers to buy houses might be interested in buying the old condos! They advertise they buy " in any condition", lol!
    8
  10595. Hi Michael
    8
  10596. I've been wondering this, myself. I appreciate your perspective. I keep hoping for a crash, because it really is the only way for the economy to reset itself. I say this as a homeowner, whose house has greatly appreciated in value. I disagree on one thing - housing is not a right. You do not have a right to someone else's property. Rent is increased because of government policies which stifle the economy. That causes property taxes to be raised, as well as utilities, and homeowners/landlords have no choice but to increase the rent. For many, that's their source of income. I don't want anyone coming in and taking that from them. Other than that, I always agree with you.
    8
  10597. I dont know whats going on in other states but here in Utah restsurants are packed over the weekend, coffee shops and Costco is packed every single day...
    8
  10598. Everything is a ripoff anymore
    8
  10599. Thank you for this informative and entertaining video! If Cali wasn't so expensive......and didn't have earthquakes,.....I would definitely live there.
    8
  10600. Video games aren’t as much fun after you have made your way.
    8
  10601. I’m not buying a tiny house or anything, buts its def a really cool idea. I can see all the benefits to it! Also the house at 3:50 is awesome 👏
    8
  10602. Houses are expensive, then 7% interest, that's if you have good credit 8.9 in some lenders. House prices haven't gone down that much.
    8
  10603. There is a guarantee they will raise the national debt😊
    8
  10604. Thank you so much Michael 🙂 You really are sounding the warning cry loud and clear. No one can ever say they had no idea. You are teaching us through your videos how to be prepared! You're awesome 🤗
    8
  10605. Builders are building . And people aren’t buying. Prices gonna fall. Builders gotta eat!
    8
  10606. I'm a new subscriber. I have lived in California my entire life and I am considering a move to Florida. I appreciate your honesty. If I do move, I will be leaving family and friends. I love California, but it is so expensive and crowded. Florida has it's drawbacks as well, including humidity. I am not sure where I would end up, but when I was 27, I did visit Ft. Lauderdale for a very short time, and I hated it. I have a friend in Largo, and hopefully I can visit her soon. I will binge-watch your channel for help and opinions. Thank you!
    8
  10607. Both sides should get paid . They both bring something to the deal.
    8
  10608. Great Video !.....Terrific content , like a "Miami Vice" ride-along.......Nice production quaility, this is another Winner !!.....Michael, 100K is just around the corner.........Thank you....
    8
  10609. That’s me in the movie! 🤭Thanks for sharing my FRED chart capture. I’m really excited to see how it looks this month when it updates for Q3. I can’t imagine Q3/Q4 being better than Q1/Q2 so that cliff is going to get bigger I bet.
    8
  10610. HELOC's are AWESOME...as long as you use the money well. Whenever I use money from mine...which isn't very often...I earn much more than the (current 9%) interest rate...and I always pay the balance in full quickly (typically within 60 days).
    8
  10611. I am nearly 70 and pursuing a relocation (at least part of the year) to Mexico. Americans are angry due to feeling overworked and overpriced on nearly everything. It leads to road rage, gun violence, domestic abuse and just a lot of violence. There are drug cartels in Mexico but they are not a threat to every part of Mexico. Quite a few young, adventurous video nomads have shown some amazing places in Mexico. On the negative side, to apply for residency, one must have over $200k in the bank or make about $3000k per monthy. Those are high numbers for many retirees.
    8
  10612. I have a feeling @MichaelBordenaro will end up as a character on the next Grand Theft Auto Vice City game.
    8
  10613. Glad you both made a video together, I listen to both of you almost daily and I sure appreciate your inputs. Thanks
    8
  10614. Upside down world 😂 that sounds about right. The stock market is not making sense, the housing market is not making sense. I feel like we might see a small correction, but we’re never gonna have a big crash. I just don’t see it happening. Unfortunately, America thinks that their house is their retirement, because companies don’t take care of us anymore. So the boomers are not going to allow The market to crash, and sell houses for cheaper. Because they can’t afford to. And they’ll just stay in them. We’re having the largest generation we’ve ever seen retire. That’s my prediction, it’s not gonna crash and the market will slow to a crawl and there won’t be any housing turnover. Because that’s their retirement and they don’t wanna lose it.
    8
  10615. IT DOESN'T HURT to try to negotiate with a seller 30% off the price. Think about it, sellers are clearly having a hard time selling now. So why not try right now negotiate
    8
  10616. Buy a boat and just live in it.
    8
  10617. all entertainment ends 9 pm, lol makes sense for most.
    8
  10618. If we could get the government more and more out of housing, the free market would correct all this nonsense. More and more government subsides & programs, means higher and higher prices. 🐊 ☀️ 😎 You’re living the life Michael! Enjoy Florida man!
    8
  10619. East Tennessee was gray, gloomy and cold for five months. Sometimes it rained for days. Weather that was 75 and sunny was rare. It went from 40 to 90 in a matter of a week. Stayed hot and humid with no wind until October and went straight to 30's and 40's within a week. Southern Florida does get hot, but the winters are sunny and 75 for five months. No more windy ass narrow roads and hilly damn yards! no more fixin ta anything, tater or mater. No more Ain't skeerd, bow legged buck tooth ridge runners with crossed eyes! No more trees falling in my yard from bad micro bursts, straight line winds, and bad wind storms every year. No more all week rain events, snow, and gray overcast days for weeks. No more poison ivy everywhere you turn, allergies so bad that people wear masks all spring and fall like we are seeing right now from the pandemic. Did I mention crazy ass hillbillies that all carry guns. Tennessee has among the highest poverty levels , drug abuse, violent crime, low life expectancy obesity and low per capita income. They are in the top ten in many of these areas. Here is an article to make my point: https://www.usatoday.com/story/money/2020/01/13/most-dangerous-states-in-america-violent-crime-murder-rate/40968963/
    8
  10620. Lol you tell the people where the housing market is headed and they accuse you of being pessimistic 😂😂😏
    8
  10621. Luckily the banks learned so much from 2008 that they can pull off a strong economy without Glass Steagall. Definitely putting the Great Depression in the side eye mirror
    8
  10622. Where I live doctors and nurses are turning away because of housing costs.
    8
  10623. I can't move for the next 5 months anyway, so if prices drop I'll buy my family a bigger/better house. If they don't, we'll just stay where we are.
    8
  10624. No garages!!!!!!!!!!! Cars fry in driveway. All for 1.7 million! What a deal. LOL. Clown World.
    8
  10625. That is a nice neighborhood you are walking through. There are some beautiful homes there and I saw some very cool topiary.
    8
  10626. I've been all over Fla, except for the panhandle and the far NE corner, so I appreciate you sharing your travels! It's really helping me 💜👏💜
    8
  10627. I'm not retired, but I love the Villages.
    8
  10628. The standoff can only last as long as there is still equity in the home. Once thew equity the house is almost depleted the house will go into foreclosure.
    8
  10629. Florida is Awesome! Paradise.
    8
  10630. As usual Michael is telling you like it is and is a person of high integrity. Think we commented on a couple of these due to his research on the price appreciation. Mike you need a Cable show
    8
  10631. I came to this country in a similar boat 29 years ago Thanks God I have freedom ❤️
    8
  10632. I tell everyone about your channel and the advice you give. 😊 also i subbed and rang the bell 🛎
    8
  10633. Michael, not IF.... but WHEN ????
    8
  10634. Question for discover how long does it take for a check to clear? Capital one friday, sat, & sun don't count as business days so if I deposite my check any of does 3 days it takes 3-4 business days to clear. Chase I love since ever where I travel L.a, NYC, Nj I have found them everywhere like every corner. WF, & BOA I find them also , but not as much as chase
    8
  10635. We are building our new retirement home in Vero right now. While we love the Miami-Hollywood area we felt the reduced traffic and lower cost of living up the coast checked the all boxes. We can always do day trips down there. Your figures sound right, but renting and home ownership with the property taxes is a different video. Our retirement income is set at 8k per month but no debt, so we could have done Miami but homes we liked were 1M vs about 600k in Vero. BTW as a fellow guitar slinger with a wall of Marshall's your Dual Rec is overkill in your apartment... LOL. I have been rocking a little Spark amp while in our apartment until our house is done in April. Then it will be time to introduce myself to my neighbors.
    8
  10636. Your practicality, is what attracts me to your Channel common sense prevails
    8
  10637. Woah Michael! You crashed as bad as Grandma Yellon's economic inflation forecast. 😂
    8
  10638. I love this channel bro great stuff you do a really really good job. I listen every day.
    8
  10639. miami is a paradise i swear
    8
  10640. It’s as simple as the West prices have gone up faster & now they are going down faster !
    8
  10641. 9-10% interest rate is high. What will be the impact of it on the economy? No one will buy a house until prices come down to 300-400k national average. At least I won't.
    8
  10642. Insurance companies are in the business of making money they don't like to pay out claims. My insurance company canceled my home owner's policy after 27 years of no claims, They said I was in a fire zone and would no longer be my insurance company. I found a new insurance company the next day and they did not have a problem covering me Although the rate was $100 more per year than then The company that canceled me. That was the 1st year it's going up about $100 per year since I was canceled from the 1st company. Great video thanks a lot
    8
  10643. Thx for always giving updates. One day will meet you brother. I'm in sac california. Cheers bro. 💯💯💯💯
    8
  10644. I’m a US expat in the Philippines and while foreigners can buy Condo’s here they can’t buy Land with or without a house on it. My Filipino wife can but I can’t. Housing costs here are cheap because of this.
    8
  10645. Thanks for walking around the listing. Every time I see something good, I go down the tax history to see if it is a flip. People can also enable the crime map on zillow to see how many reports the area had. Another good thermometer is school grade. Although it doesn't show real development for the kids, shows how much money that school receives. My son was in a 6 and had great teachers that supported the kids. Now we are on a 9 but the teachers don't give a penny but get a lot of money from parents that can contribute to the school. Thank you for sharing Europe data and also the scams. I'm on IT and received several "offers".
    8
  10646. Yup, our July electric bill in Florida was 3x what our April bill was.
    8
  10647. I left California the beginning of last year. That place is as backwards as it gets and the trajectory only points one way for the next 25 years. Down down down
    8
  10648. Miami really has some beautiful neighborhoods, thanks for taking us along Michael.
    8
  10649. I looK forward to your videos. So current and reliable. People need to realize that we’re in trouble and let not those who seem to have it all dictate how everyone should live. We need to hunker down and maybe ask a friend of relative to move in to benefit each other financially.
    8
  10650. Thank you for visiting this area. I do agree with you don't take anything for granted. Have a safe trip to northern California.
    8
  10651. Thanks for the videos of the villages. I was curious about the area. Very quaint, however, I agree with you about too far from the beaches! 💕
    8
  10652. Ok please more videos!!
    8
  10653. A good story. Thanks
    8
  10654. Seems beautiful and peaceful. How is the vibe there tho? I have seen something called Live PD here on YouTube, and alot of the footage which is, hmm let's say on the more peculiar side. Is from Fort Walton beach and these areas 😂 Which kinda have us questioning. About going to the Florida pan handle 😅
    8
  10655. Prayers from Aventura for those in Tampa and the Panhandle
    8
  10656. And the USPS keeps on raising prices.
    8
  10657. Hoping for high interest rates and housing prices tank!! Get it..
    8
  10658. If you don't speak their language and don't know their laws you can get in a bad situation in developing countries
    8
  10659. Onlyfans turned me down?! They said I was too broke, too bald, and that I was a cheap bastard! There goes my side hustle. Timmy C Arizona
    8
  10660. Thank you for talking about our US banking crisis.
    8
  10661. im seeing tons of inventory in Texas. The main problem is potential buyers have access to the homes price over the last few years and they are not willing to pay double for property that was just listed at half price 3-4 years ago. No one can afford whats available now. Its not a supply issue, its greed issue of sellers. They think they are sitting on a winning lottery ticket but there are no Jobs in those areas that can support those prices. Its laughable.
    8
  10662. Yes. The homeless situation is out of control in Denver. It’s that way in every large downtown area. You want to see homeless? Go to Phoenix as it’s twice as bad and in LA. If you go to the suburbs of Denver it’s amazing and beautiful such as Parker and Littleton or HIGHLANDS RANCH and castle rock or north to Fort Collins. MOST AREAS IN THE MOUNTAINS ARE BEAUTIFUL beyond compare also. Please return and visit other areas Anthony. Would love to see you do more videos in Colorado.
    8
  10663. What is considered a "starter home" these days? When I retired from the military and purchased a custom new build 4b/2b, the cost was under $200K in 2019. I don't consider my house a starter home. It's better than the spec homes around me due to upgrades and changes to the floor plan (walk-in shower).
    8
  10664. I am extremely lerry of having the US government which I consider devious as best to regulate anything. Someone much smarter than I once said government isn't the answer government is the problem. I would however like to see the free market squeeze institional and foriegn investment completely out of the housing markets , real-estate in every large city in every state needs to be completely shaken up and start over from scratch. Just my humble 2cents.
    8
  10665. Do more Colabs!!!!! 🤩
    8
  10666. I'm guessing the high price point reflects asking prices for similar Bay Harbor Island real estate. Still, this is one poorly designed piece of real estate.
    8
  10667. Overpaying for non productive assets during these past few years will come back to haunt people. In a way, it's a harsh but a good lesson.
    8
  10668. Michael I see the house next door to us has been rented out for the past ten years . They have rented short term to families building “New Homes” here in the Austin TX area . Where there has been a population explosion as I think you are aware of . In the past when a family moved out , a management company would have a crew go in and paint , clean and another family would move in within a week it seemed like . The last family moved out a month ago during this most recent real estate downturn and this house is now standing empty . I’m wondering how long it will be vacant ? Also have to wonder how much they’ll have to lower the price of rent before someone else will move in ? Or will the original owners be able to sell it ?
    8
  10669. Boomers: buys house that is 2-3x salary Millennial: takes entire life’s earnings to pay off mortgage.
    8
  10670. I have been saying for sometime, forget the 'recession', we will go pretty much directly into a deep depression that will mirror, by multiples, the 1929 crash.
    8
  10671. god sent you here Mikey this vid was way too informational your the man i'm coming to you first when its time woww
    8
  10672. I have noticed these issues and agree with all your points.
    8
  10673. This is the type of place you go when you want a beach and nothing else
    8
  10674. My understanding is that there are buyer's agents, seller's agents, and listing agents.. I went to an open house once and my agent didn't even go.. I am pretty sure that it was the listing agent that was there.. The ductwork on the furnace wasn't even connected to the furnace.. At least the agent that was there was honest about how the "real estate system" actually worked.. This was in Boulder CO and I would have thought that realtors would have had to be regulated and ethical.. NOPE..
    8
  10675. You’re the dude Michael! 😎 🐊
    8
  10676. Pretty much a natural progression of the housing market with these kind of home prices and much better than how the mortgage market works in say Canada. Many have been doing cash out refinance deals for decades, sometimes multiple times in the course of 30 years resulting in effectively a 35 to 50 year mortgage.
    8
  10677. I'm in a suburb outside of Portland Oregon and I've noticed a good majority of the price cuts happening in Portland are from flippers and Opendoor brokerage. Some properties currently listed were purchased as recently as Feb 2022. They're about to get hosed.
    8
  10678. 🎉🎉🎉 It’s 87 degrees out here today. But when you’re not ready for it… it just sucks. I actually prefer the humid heat. Thank you Michael, Carlos
    8
  10679. I moved to Tarpon Springs from the Detroit, MI area.... never, NEVER going back🌴🐬🦩
    8
  10680. We have the annoying love bugs in the Panhandle now. I know they're all over Florida.
    8
  10681. The sudden and sometimes huge increases in home insurance and property tax among all the other areas affected by inflation make it very difficult to retire and keep up our standard of living. Difficult situation for retirees who usually live on a set budget. Like Michael said, income producing investments are needed throughout your whole life.
    8
  10682. Hi Michael, Been thinking about you all day wondering how close you live to this tragic event. Thanks for taking the time to check in with us. This is so very heartbreaking & scary. Prayers to all the families & friends & neighbors.
    8
  10683. I've never clicked so fast in my YouTube life..
    8
  10684. Wow Florida was known for low taxes why it’s getting up there.taxes around 7k and some people have HOA on top of that 300 or more a month that will put you in double digits in a year.that comes out to New York taxes
    8
  10685. I think you could also do vacation rental videos too. I think a lot of people are searching best vacations homes/spots in FLA.
    8
  10686. You shouldn’t worry about being underwater if you got a sub 3% rate. I’m upside down on a rental property right now, but I could care less because I got a 2.75% and the home is cash flowing 700 a month after expenses.
    8
  10687. A significant number of white collar jobs will be lost in 2024. The house market is entering a decade of stagnation. Why? Unlike 2008, where you could not even find a job at KFC, you will find a less desirable job.
    8
  10688. Or to keep it short,the tent business is probably creating new millionaires ...
    8
  10689. I have a lock on my car insurance premium since 2019. So no increase in premium as long as I don't switch cars. I guess Ill be driving that same car forever. Whatever it takes, I will always get it repaired. If it gets run over by a steam roller, no problem, fix it
    8
  10690. It’s seriously bad here in CA with PG&E. The most unresponsive bureaucracy laden organization I have ever dealt with. Paying close to $1K a month and keeping thermostat at 80. CA seriously sucks.
    8
  10691. I moved to Melbourne Florida from Miami and I love it
    8
  10692. I see you brought your own "Sunshine" with you today !
    8
  10693. except you do not want to live in pittsburgh..... trust me on this. i lived there for 13 years.
    8
  10694. Great video with Good information! Glad to see Sarasota made your list!
    8
  10695. Happy Friday!
    8
  10696. Renters don't just drop out of the sky. They're either coming from another rental, or maybe younger moving away from parents. Older people selling their home and moving into a condo. What happens when rents get too high and cost of living goes up? Consolidation! The younger decide to stay with their parents and save their money. The elder stay put in their paid off house. Renters who are stretched will share living space with friends/family. Those who overpaid for a house and are having trouble paying their mortgage may move back with their parents and rent out the house. More rental inventory and less rental demand will push rents down. This just seems too obvious to me.
    8
  10697. I'm seeing this in all of the neighborhoods here in Bluffton, South Carolina. My fiancé runs a barn in one of the high end neighborhoods here where celebrities go to get married. They just doubled their HOA. It's wild.
    8
  10698. Waiting until 2023-2025 timeframe... seems about right
    8
  10699. Look at all that FIRE HAZARD on the side of the road. All that money and all them fruitcakes don’t even volunteer to maintain their own community. But when there’s a fire, they blame me for driving my truck.
    8
  10700. My double wide is literally 20 years old on a brick foundation. On my own land and I live in a hurricane zone and it withstood it . nothing wrong with a mobile home..just put it on a brick foundation on your own land
    8
  10701. I'm still debating, not only where my ultimate FL retirement destination will be, but whether it will be an oceanfront condo or a single-family home more inland. And I may just end up remaining in my current 2000sf single-family north of WPB, three miles west of the beach. I'm finding I like the extra space, 2-car garage, large corner lot, golf course neighborhood. The oceanfront condos I've lived in are quite nice, but seem congested and cramped, limited parking, and ever-increasing monthly maintenance fees. Michael, how are your plans coming for your next residence? It seemed like you were leaning toward a single-family on FL's east coast but out of Miami Beach. Have you sort of tired of condo living?
    8
  10702. Hey Michael, welcome to the neighborhood. Glad to see you down here. Yes, please do a video on Yellow Freight and how that mess happened. Hopefully those guys have already paid off their homes but take into account that a lot of people are already helping out their adult children. So they’re already under pressure and their plans to retire are blown. The rents are going up out here because of the insurance. My house is 15 minutes north of where you are. Went up 40 percent last year and after talking to my ins broker yesterday, I’m going up another 30 percent, and I haven’t been rated on any fire risk yet because I’m in a 00 zone. Across the street is a moderate zone. My increase is due to my insurance company Allstate catching up with inflation. I don’t know how much to believe about that. My bf in Satellite, Fl is paying $1800 a year plus another $800 plan for flood, but she’s on the coast and I’m back. We are at an $800 difference. I’m at $1800. But I expected her insurance to be higher. My car ins went down and so far my umbrella policy here is still good. My guess is the gentleman you spoke to on your walk up there doesn’t want to pay the fire insurance prices.
    8
  10703. I always keep my webcam covered when I am working from home
    8
  10704. Most people in soflo are broke AF!! Credit cards and leased cars and houses
    8
  10705. I'm a remote Fed Govt worker (Miami) and we are doubling down on remote working. Of course we are all backed by the Gov't (Grandpa Joe B) and the taxpayers.
    8
  10706. Beautiful Michael👍 excellent breakdown as usual. Blessings to you & Lizzy❤😊
    8
  10707. The glut of Californians moving in screws up everyplace they move to and make it unaffordable for the folks who already live there. I used to live in Colorado but now it's a mess.
    8
  10708. The market is still out of control. Just today there is a house for sale that is $450K, six years ago the house was for sale at $250K, Out of control.
    8
  10709. Thank you for this heartwarming interview with your Father... Your Dad is a great man of wisdom & knowledge!!!
    8
  10710. Such a beautiful beach walk!😊
    8
  10711. Always appreciate your frankness in your videos. Some comments here stating the pollution via Natural Gas and its destroying the environment obviously cant tie their own shoes. Gas stoves and and top burners are in kitchens everywhere for decades and are perfectly safe. The same ovens are vented out to keep the heat from over heating a kitchen, not disperse the "supposed" toxins. This has been an established fact since they were invented and had to pass vigorous testing, to prove the safe interior use of them. When this administration was trying to use the argument that they pollute your interior of your home, both the industry and the governments own regulatory commission quickly debunked the claims. And they dropped only that portion as the reason we all need to go electric. It's complete horse crap. Another falsity being rammed down the willing throats to spread lies that fit an agenda...and pad the pockets of the new class of donors & lobbyists in Washington...the green new deal crowd.
    8
  10712. HAPPY FRIDAY MICHAEL AND LISSI 🎉❤🎉
    8
  10713. Lol Michael can you walk in Liberty City? They have extreme affordable housing!
    8
  10714. Good stuff as always. Thank you for your consistency and ability to find relevant stories.
    8
  10715. Yes, the student loan crisis is a huge deal, at least crazy mortgages have an asset behind them even if the loan exceeds the value of the asset, your student loan has zero asset behind it, it is entirely bad debt unless you landed a job that you otherwise would not have without the degree that caused your student debt, I know this from personal experience, aka, the school of hard knocks!
    8
  10716. No Palm trees. That is the beauty of North Florida.
    8
  10717. I'd like to know why so many sellers are letting their homes sit and sit on the market without dropping the price
    8
  10718. We have excellent credit and just got a mortgage by the skin of our teeth. The banks are crazy protective of themselves right now
    8
  10719. Crime has definitely picked up everywhere.
    8
  10720. Hey Michael. Another Great Video with excellent timing. I agree with everything you said. I however think the party is OVER, regarding homeowners insurance in the State of Florida. I believe that Ian will be the straw that broke the camel's back. I think that it's going to be almost impossible for future buyers to get insurance. I know your Governor (love him) is working on this, but at some point they will say, enough is enough. I also agree that you will see prices start to fall in Florida big time. My old neighbor had her house listed in Naples for 8 Million $$, and now she says she has flooding issues. Thank God she doesn't need the money. She is one of thousands with this problem.
    8
  10721. I'm restoring my old cars. Not paying all the BS, for what? A bunch of bloated technology? I just want to get from point A to point B with little hassles.
    8
  10722. I can't imagine having a big credit card debt, a student loan debt, a car loan, a high rent or mortgage payment, and there are people who have all of those debts. My total mortgage payment is only $1000, so I pay double principal payment every month, my credit card debt is $0 at the end of the month, no student loan debt and no car payment, so my $80k a year salary goes a long way.
    8
  10723. I just wonder how things will change now that Biden is not running.
    8
  10724. I bought my first house in1982 for 24k. It was Two bed full basement , real hardwood floors around 1200 square. The house was in great shape too. Granted my interest rate was 14%. But my payment was less than 250 month.
    8
  10725. Seems like everyone commenting on this video is doing okay. Or at least able to weather this Economic DISASTER.
    8
  10726. That first house he shows - the 1br, 1bath - that anywhere else in America would be about 90k - who on earth would pay half a mill for it?
    8
  10727. HOA Helen!!😂😂😂😂😂😂😂 Love this!!!
    8
  10728. Amything Glenn Kelman says I take with a grain of salt he has his own agenda. He reminds me of a bobble head, hard to take seriously. Thanks Michael!
    8
  10729. With rates continuing to rise it's only going to get worse for sellers too
    8
  10730. I say walk them out of town on a one way trip… no more crime.
    8
  10731. How can you save much for retirement when you are just struggling to make ends meet? That's where so many are!
    8
  10732. You can live there, I live here, I moved here at 47, they can’t stop you from buying a pre owned home. I invested in another house to rent and am renting to my 30 yro son, he is a member to a club here in The Villages as well, there are 3200 clubs here.
    8
  10733. "FEW WAYS It Can Get BETTER LOTS OF WAYS It Can GET WORSE" You're definitely learning from Adam Taggart. In his interview with John Rubino a few days ago, Adam and John use that exact phrase several times. 😜
    8
  10734. Two Michael double quality ^^
    8
  10735. I live in fort myers. this was our second hurricane since 2017. i can seriously tell you fl is becoming uninhabitable. people will soon find out but in denial for now. dont buy home in fl. you are in danger everyyear and insurance is not garantied
    8
  10736. It's a status symbol. Also, in some places there's no room for more homes. A waterfront home that's 2 million today could be 5 million in 20 years. There's unlimited wealth now. The whole coast from Maine to Key west is built out with mansions and 500k boats on lifts.
    8
  10737. The lower downpayments and high dti ratio tell me how much our wages have been devalued
    8
  10738. Michael Bordenaro Thanks for the reply! I watch all your videos to stay informed about the life over there until I move, they’re loaded with info! And yes I love my mountains especially Yosemite, Mt. Shasta, Lake Tahoe are breathtaking. Hiking is a big hobby of mine so I’ll have to trade off the mountains sadly but I’ll have to adjust to some kind of hiking trails there or just learn more water sports lol. I’ll definitely love the cheaper cost of living in Florida though as it’s almost unlivable even with what seems to be a good job and it’s highly competitive due to all the visa workers. I’ll make sure to have my annual visits to California to visit family and get away from the summers for a few weeks at least.
    8
  10739. Depends on what your position requires. A single contributor that doesn’t need to lead a project or process ( collaborate and white board with others) is probably safe working remotely. However that said, I have seen people out of sight out of mind and they were first to go in a downsize reorganization.
    8
  10740. I’d rather be in a condo or golf villa as long as it’s quiet.
    8
  10741. Thanks again Michael for sharing another excellent video it’s really appreciated. You are both living in a beautiful part of the world. Best Regards to both of you.
    8
  10742. I know our economy is going to fail like we've never seen this before.. why don't they just fix the damn roads...😮
    8
  10743. I’ve been a Florida Realtor since 1995. You are one of the only Realtors I know who has been of the same mindset that I am. (Or perhaps the others just aren’t saying it.) The “on your lot” builders who I know have told me the houses people were going to build and have been waiting months to do so are all cancelling. The builders are still working but it’s now smaller jobs, additions and remodeling.
    8
  10744. Living on or near the Water in Florida is about to get a lot more expensive for the people who live there . All this with a New Hurricane Season just around the corner .
    8
  10745. We spent one night in Jacksonville beach on our way to Siesta Key and while Ive never been a fan of Jacksonville the beachside area is gorgeous! Really enjoyed it.
    8
  10746. It was minus 16 here in Colorado this morning. Wish I was in SW FL!
    8
  10747. Holy sheet!! California blows away Florida and half the price! This nation's needs a crash in a big way. Back to San Diego next Sunday. Timmy C Arizona
    8
  10748. Michael, with a Great Attitude like that , you're giving Thanks everyday !.....Positivity feeds upon itself, but weather does have a lot to do with it ! (lol).... Another winning video, Thank you...
    8
  10749. Awesome, my two favorite real estate youtubers!!! Nick's been in California. Had a feeling you two would hook up. Lots of valuable insight here thank you Nick and Michael!
    8
  10750. I think the saddest part of this situation is the people that lost everything and the loss of lives but people have to understand that a hurricane is not a joke. I saw people going inside the emptied Tampa bay during the eye of the hurricane just to take a picture for social media. There’s videos of teenagers playing at the beach right before the hurricane full force hit. They did it and they found out the hard way that you dot play with Mother Nature. Michael, aside from the hurricane, do you see a near future decrease in the Miami housing market for those of us who want to be some home owners?. Always look forward to listening to your thoughts.
    8
  10751. Every black Friday I load up on two things. 1. A 12 pack of zerowater filters. I used to but these for $109 on Aazon. Amazon has it for $149 this year offering a $9 discount to $140. I got the filters from the zerowater web site for $119 on sale. 2 Vega protein and greens powder. I ised to get the 26 serving jug for $24 on sale. It was $26.75 this year. I bought enough for the next year. Its only going to get worse
    8
  10752. Miami is such a beautiful place. My cousin lives in Davie it's nice there too. I can't stand the crowds so I live in tallahassee
    8
  10753. A home for $450 here where I'm living a month is $2,800!! That's including 20% down!!😮
    8
  10754. Any type of day you're willing to do this is great.
    8
  10755. I'm enjoying your beach review videos! Based on this video, and looks of the traffic, the fees, the water and the attractions, personally I would give this beach a pass. But not actually having been there it may be better then it seems.
    8
  10756. Victorian houses are my weakness. Like you said though…lots of expensive maintenance!
    8
  10757. Yep! ... is a - surgical housing crash ; they are moving people around and placing them in areas were more population and money is needed . Large populations states don't mind losing a few millions residents to small populations states . Market Makers are throwing money around like crazy . I get offers every week for my orlando home .
    8
  10758. My mother recently passed away and had a reverse mortgage. It looks like it may be a year before we need to pay it off, if we can get all the extensions. I'm hoping the market will bounce back before then and the mortgage company will be patient. No one else is wanting to borrow the money right now and they are still making interest so I'm hoping they'll be in no real hurry to foreclose...
    8
  10759. Money? What money? I'm so broke can't even pay attention...
    8
  10760. St. Augustine is a beautiful city, lots of history.
    8
  10761. Congrats on hitting 20K subscribers Michael...You'll be @ 100k by next year...Looking forward to Clearwater.
    8
  10762. Thanks as always for showing us around Florida 😁
    8
  10763. Michael do you think youll ever visit any historical sites in FL, I love their spanish architecture? prob because my great grandmother was from Spain and I never got to meet her. Thats why I love St. Augustine so much!! Any property on A1A is outrageous, and if condos the condo fees get you, unless your rich.
    8
  10764. I really didn’t expect a video from Michael today! ☔️🌊🏊‍♂️ This shows Michael is the man who you want to be on your side specially in hurricanes! This is not a joke I lived In Miami it can get real scary real fast, It only takes a few minutes of rain for a whole street to get flooded and the car go under not to mention the cars in the garages. Praying for all Floridians🙏
    8
  10765. Hope that’s not two graves in the garden. 💀 We agree with you, we like a garage. Not keen on trees (roots, storms). Good location by the looks of it. Good luck whatever you decide. 👍
    8
  10766. Yup. Listing agents throw the home on the MLS. Buyers agents bring the buyer and navigate the transaction.
    8
  10767. I eat healthy during the week except on sinful saturdays( junk food day).
    8
  10768. Sadly California is completely downhill, it’s my home but I’m ready to make home with my fiancé in Florida in 2021, I pray the problems we have here never reach Florida. I just got back from there and it was so beautiful we just wanted to miss our flight back home to CA lol.
    8
  10769. It almost seems like people will be buying houses in Florida only according to the Taxes and not the actual price. It just gets worse practically every day 😮. Thank you Sir for keeping us updated on current situations in Florida. God Bless,Carlos ✝️🙏😊🇺🇸
    8
  10770. Houses were overpriced last year. People were getting into bidding wars even as interest rates were starting to climb.
    8
  10771. I have to stick up for my agents, they are invaluable, but they respect me and I know how to say no and if it wasnt for working with agents I couldn't have made the money that I have made recently or gotten the deals I have gotten, of course all agents aren't made equal but a good agent is invaluable
    8
  10772. I'm hoping the housing market implodes, ready to scoop up a deal.
    8
  10773. I truly feel sorry for people that are being buried in this housing nightmare. It occurs for many reasons, and the buyers bear some responsibility, for these purchases. The auto market has many of the same stories. There are people making $1000/mo. on a vehicle!! We live in truly dystopian times...
    8
  10774. For the algorithm.
    8
  10775. Another great video Michael! I’d tell anyone to take the next year to work on your credit rating so you can get the best possible interest rate and wait for those home prices to drop.
    8
  10776. Really cute place! I like Ft Walton Beach. Been there a few times years ago.
    8
  10777. Our agent emailed me last week letting me know our homeowners policy is doubling in December. However, we have 3 different policies with us living on the coast of Texas. Our wind policy isn’t going up. Our flood will also remain the same. The company we had in north Texas started pro-rating the roof portion of our policy in 2020 with a life expectancy of 20 years. As always, great information! Thanks Michael! ❤️
    8
  10778. I liked your points on "aging in place." I think people would do well to consider that if they are planning to do that when they are 50 years old. I think 60 to 65 is too late for folks on a budget.
    8
  10779. You got that right!
    8
  10780. The thought of living in a high-rise has always freaked me out so we've never done it. We've had four single-family homes and now are very happy in a second-floor condo in a two-story building. When we were selling our house 2 years ago in downtown Lake Worth there were foundation issues discovered which are not all that uncommon. When the company came out to give us an estimate, the guy told me that they are busy all the time with reinforcing in his words all the high-rises on the ocean. He said it's a constant upkeep situation. I know that maybe this was a freak accident in Surfside and it might not happen again for another hundred years, but then again with erosion and Florida land Etc, it's not so far-fetched to think that it could happen again.
    8
  10781. Went to the auto show in Miami Beach a few days ago. I couldn’t see anywhere that wasn’t being built as I drove down Biscayne. The traffic has become pure insanity.
    8
  10782. Michael, how high do the deductibles go in Florida on homeowners insurance? I mean, if I had a $5,000,000 house, I would not want to go without insurance. But if I get a policy with a $50,000 deductible, so they know I'm only calling them in a catastrophe, I would imagine that would be pretty dang affordable compared to what is customary. I know most people tend to have a $500 or $1000 deductible in general. They kind of forgotten what the insurance is for in the 1st place – it's not about fixing a broken window or leaky roof, but the house catching on fire or a pipe bursting and flooding the whole downstairs.
    8
  10783. Never get divorced better yet never get married This is the best advice you can ever get Stay single and you pockets will jingle
    8
  10784. A few of my friends want to get a house, but they don’t even look for one because they know it’s out of reach
    8
  10785. Quickest way to speed up the housing market, simply reduce prices back to 2019 pre-cough prices, pre-fed buying $90 billion worth of mortgage backed securites each and every month for several years.
    8
  10786. “If we lose freedom here, there is no place to escape to. This is the last stand on earth.” - Ronald Reagan (“Equity” is communism. “Equality” is the free market.) Socialism only benefits the elites.
    8
  10787. Best channel on YouTube !
    8
  10788. Here in Western Pa..just like most places housing is over inflated in price..i own my home..thinking about selling buying a truck and a camper and traveling..insurance taxes and up keep.utilities..just not worth it anymore...great info appreciate ya michael..appreciate ya
    8
  10789. In California we have the highest rents in the US. small cities 1 bedroom rent is 1500 a month. you cant even afford an apartment making 22 an hour.
    8
  10790. Good reason to use money orders. No apps, seriously. People have lost so much privacy and money.
    8
  10791.  @MichaelBordenaro  Shouldn't they be speaking English though out of respect for our Country? Last time I checked we speak English here. Its a great language, learn it and you will benefit greatly.
    8
  10792. Actually in California, property taxes are lower than most other states due to Prop 13. Case in Point, my parents $800k home only has $1,500 tax bill annually.
    8
  10793. Yes, we watched your other video. Really appreciate our host for delivering these segments: well reasoned: well presented
    8
  10794. Many insurance companies are pulling out. It's not just Florida, it's other hurricane susceptible states as well. Many home owners will not be able to get insurance. No insurance = no lender to carry the mortgage. It's that simple. Expect realestate to depreciate in those areas even more.
    8
  10795. No, a GDP rise does not necessarily mean inflation. It all depends upon where the money is spent. If the money is spent on non-discretionary goods and services then yes it is inflationary. But if it's spent on discrectionary goods and services, then it is not.
    8
  10796. Best to live minimalist, be a digital nomad, own rentals, and travel the world Life is too short for stress
    8
  10797. Loved seeing these beautiful old homes, please do more of them. Stay safe and enjoy your trip!
    8
  10798. You always bring something up very interesting. Would love to see 3D printed houses. I think eventually you will be able to 3D print metal. They are always developing new materials to 3D print. There are 3D printers for concrete and are being used to make houses. Most of the drafting software that engineers and architects use has the code for 3D printers.
    8
  10799. Have you filmed Palm Coast yet? It’s a nice upgraded yet laid back area & close to St Augustine when you want more action. However, even Palm Coast housing market has gone crazy. I don’t like the sand color on Flagler. It’s red because the sand comes from coquina rock.
    8
  10800. Skyrocketing because landlords have had it. If I had an investment property and had no income from it for many months, I would be evicted. People get down on their luck and some people make their luck.
    8
  10801. Real estate doesn't exist in a bubble. So I really appreciate you addressing other issues like the economy, layoffs, retirement etc. Love that gate on the $25M home!
    8
  10802. Well, as long as I am standing in traffic when the sun is shining ☀️... I’ll take it. Also, when I visited USA 🇺🇸 the road rules are so different from England, I probably was one of these idiots 😅. Sorry In advance 😄👊🏻
    8
  10803. Great talk today. I've been tracking Mobile Home sales as a cheaper housing option. Even MH prices are ridiculous, some homes are $200K and up for a home built in 1993 and in a park with lot rent, ridiculous. WHEN is someone in FL going to build a community of small homes around 1000 sq feet or so??? I'm still waiting.
    8
  10804. I'm willing to put 20% down on a nice home with an affordable monthly payment. There's no way I'm going to live at the edge of my money.
    8
  10805. LMAO. It's been costing me 60% of my income for housing. I've been doing it. Now the place got sold and the new rent more than doubled. 42% would make me RICH. It just doesn't exist. ~ 🦋
    8
  10806. I think it's so funny when people get bitter about people moving to where they live. I always here "we're full, don't come here". Like everything you said, people moving to an area increases value all around.
    8
  10807. Free money adds to inflation. Inflation is gonna go up again just like with the stimulus checks.
    8
  10808. Mike I miss your Miami walks. Hope you return early back to the hood
    8
  10809. Michael, I'm almost 82 yrs young and grew up without credit cards. Born and raised in NYC - people paid CASH - including me. I never got hooked on credit cards - I pay cash for almost everything when I shop in person. If I'm buying a big appliance, ie, microwave --- I charge it on my credit card - to have a record of the purchase - and it protects me if there's a problem later on. I pay my bills as soon as I receive them in the mail - fortunately, I have few bills. About the Digital Dollar, Expensive Gas & Electric Vehicles, High Interest Rates, etc. Our Leaders don't work for America --- they make their money elsewhere --- they treat us like slaves!!!!! Did u see the pic of President(?) Bidee -- showing off his large gas-guzzling car?????
    8
  10810. An Economic Tsunami/Depression is coming to the U.S. and a theater near you. 😂
    8
  10811. Hey Michael: It has been this way since the the beginning of humankind. When there's money on the table, all bets are off. It doesn't matter if it's family, someone you thought was a true friend, anybody... Do you think these operators in the real estate industry are gonna give a hoot about a complete stranger gettin' screwed.
    8
  10812. When I first started watching your channel, I thought you were lucky to live in Miami Beach! After watching many of your videos I've become convinced that you would be lucky to get out!!
    8
  10813. I know exactly what the sellers are doing. They know its a recession, so theyre hiking the prices, then bring it down slowly or making think the buyers are gettn a good deal. Pssh good luck with that!
    8
  10814. I'm one of those people and the new offer was $2,000 more
    8
  10815. You can also petition your county’s Value Assessment Board if you think that the tax assessment on your property was too high or too low.
    8
  10816. Can totally relate. This is exactly why we started cruising more often. And, our daily lifestyle is better. We exercise more, daily on a ship, plenty of activities and, FINALLY worked out, when we cruise aim to eat healthy. Yes! Its possible. We love it. Avoiding sugar is the easiest way to start. Being conscious of the food, learning about new things, exercising more and seeing different countries. 3 weeks is our limit thought. Great vlog 👍
    8
  10817. We are not selling the house. We have put too much into it. I got laid off from a remote job, they laid off 4,000 people! I am looking for another remote job, I hope we don't run out of savings before I get a new job.
    8
  10818. It was great from 1950-2000. Things have been really funky ever since. Its gonna be really bad 5-10 years from now.
    8
  10819. home insurance is 50% cheaper in Ocala compared to Miami. I pay $2300 per year for hurricane insurance and my house has no hurricane shutters. Yes it is expensive living here, but it’s so worth it. I will never leave fl.
    8
  10820. AI will replace the service workers. Already happening. I wouldn’t touch a condo with a 50’ pole in Florida. Same thing happened to condos in 08’. Almost couldn’t give them away.
    8
  10821. The real reason median prices are not dropping as fast is simply because of the drop in closings. It is hiding the truth. The fewer closing there are the more the higher priced properties can skew that number . Its an old trick used to justify higher appraisals . Once those properties are removed from the equation you will see a much more accurate picture of how much the median price actually has gone down in many areas. Truthfully you are doing such a great job! I watch you as one of several people i follow bc of the honest truth you always provide! I knew from way before this started to happen that we were in a massive bubble just by how absurd the industry types where hyped and refusing to acknowledge actual statistics and historical data.
    8
  10822. The 10 yr treasury bond interest just fell below the Fed overnight rate. So you'd get paid more interest overnight that you would on a 10 yr treasury bond. The bond market is about to implode. If that doesn't indicate the market doesn't have much faith I don't know what does!
    8
  10823. I always wondered how condo owners could afford the monthly fees. Just assumed that my 99k salary just didn’t make the cut.
    8
  10824. As with everything else, nothing makes sense anymore, especially these outrageous prices. I keep thinking, where the heck do they think the extra money 💰 is gonna come from? The worst thing they've ever done was to print 🖨 money nonstop for a decade including lowering interest rates and shutting down economy for a year. We are so screwed. Under the current system, it could take another decade to get through this mess. 😶 We
    8
  10825. Do a video about condo vs apartment / ownership vs renting
    8
  10826. Cali is a beautiful place with a perfect climate, looks similar to South China😍
    8
  10827. People are doing what the Sellers want.😢😢😢😢I would rather be patient than robbed! Low credit score? Work on that until the big crash! Purchasing right now because it makes you feel secure is a big mistake. Job losses and income are going to be severe right along with housing prices tanking. I've been through it in a big way in 2007–2008. It's magical thinking and nearly impossible to recover from if you're over 50. So what if you have to rent for a couple more years. It's better than having to move and rent when you're old
    8
  10828. Man im dizzy lol so much to consider
    8
  10829. Deja vu of 2008 I was looking to buy my first home and thought I'll never be able to buy a home ($500k) and in 2011 I bought the same area I was looking for $300k. Please don't do what so many people did by getting interest only loans and I knew and worked with so many people who lost everything doing that. Remember that the housing market always goes up and down. Moral of story is be patient and be wise with your money and don't live beyond your means and everything will work out........ I promise you
    8
  10830. It's been pouring up here in Ocala! It's so beautiful in your area. Good to be in a positive environment when discussing negative news! LOL!
    8
  10831. Buying a house in my early 20's was the best decision. I am now in my early fifties house paid off and building more and more wealth! I can't imagine paying rent for years without building equity. I feel very fortunate that I made that move years ago. I bought and sold several homes continuing to role the profit into the new home which helped me to be debt free.
    8
  10832. This is lagging data too.
    8
  10833. Its a scam it is their buisness.
    8
  10834. Great video Michael, I think you are spot on with this video. The feds are going to keep raising rates and the latest fomc minutes basically eluded to this. We can expect another 75bps in September. I also follow the MLS every day for condo's in SWFL, and I see price reductions as well as a lot of back on market
    8
  10835. What are home owners smoking in Miami. Homes selling for 1-5 million dollars in Miami. The homes look similar to what the average lower middle class Costa Rican or Panamanian buys in their respective countries.
    8
  10836. When we are ready to move to Florida, I would love to have you as my Realtor.
    8
  10837. Aww too bad I’m recovering from ACL injury and can’t go say hi. Yea, be careful in Richmond. It’s not as bad as east Oakland but you don’t want to flash Rolexes in public.
    8
  10838. What a great video. You guys are good together. Should do this kind of thing more often if you can
    8
  10839. It’s nice that it went down but the price is more important
    8
  10840. When you talk about the costs of electricity for a condo like yours you meant running the AC daily day and night for about $150 monthly? Thank you
    8
  10841. Rents in any decent size cities went up about $500 in the last 2 years that was the straw that broke the camel's back
    8
  10842. I think you are trying very hard however while you did mention Mountains you did not mention The National Parks of California. California is an embarrassment of riches in this regard and that Includes Death Valley. If you do Your homework you will discover there are luxury accommodations to be had in these places as I gather you are not of the camping set. The unfortunate occurrences that you mention are result of two things. Drug culture and people moving here without proper planning. California is expensive and you better be prepared or do not move here.
    8
  10843. 😂😂😂 as a contractor specializing in HOA rules… thx for making me laugh.
    8
  10844. I'm a property owner and landlord, and while I strongly believe in a property owner's rights, I think one solution is to restrict or ban Airbnbs OR tax them so it's not as attractive of a proposition. Real estate is a good investment and I'm all for generating wealth by investing, but we cannot continue to treat it as a commodity. I don't know what other solution there is to address the unaffordable/unattainable rental housing market other than restricting Airbnb's or make it so unattractive (tax) so corporations stop buying everything in sight.
    8
  10845. It's not fake equity if you sold at the peak like I did.
    8
  10846. Hey Michael, My bet on the market is I think we will see a decline but most likely not a crash. I believe the increase of interest rates may keep some houses on the market longer because people will be waiting for the decrease in home prices. On the other hand, California could see a crash because home prices are completely out of control. Usually every ten years they get a reboot. Florida is a very desirable state. I don’t see a crash here 🤞😊
    8
  10847. Hi! My husband and I are from the south and, In. area. We located to Minnesota 12 yrs. ago. I really would Love to move to Florida one day! You're a great assistance for information! Keep up the videos!
    8
  10848. In the long run, every home owner will pay for the Florida defaults. It's not going to stay localized.
    8
  10849. 🥇
    8
  10850. Good time to bring out the cook books , making bread might be fun😊
    8
  10851. Not having headache of maintaining your home is priceless. On the other hand when you renting you will never have house you will actually love.
    8
  10852. i have seen manufactored houing sellig for 150k and they still dont own the land and pay lot rent. thats is insane
    8
  10853. So true, pandemic is over and reality is setting in for some of these people. Thank You Michael, another great video.
    8
  10854. Wouldn't mind a video about how to bid/purchase a property from an auction.
    8
  10855. I can attest to this. I’ve noticed that mobile home parks in the Sarasota/Bradenton area are completely being bought up by these huge companies/llc’s They are slum lords. They buy the property and put it up for rent right away at a substantially higher price, without even doing any improvements to the properties. I know a lady that payed $1300 for her place, a company bought it, raised her rent to $2000, it’s unbelievable!
    8
  10856. I am not a fan of adjustable rate mortgages. Because you don't know what your actually going to pay for that house in the end. Or whether your going to be able to even keep the house
    8
  10857. I'll buy a bicycle no thanks
    8
  10858. Will you be able to make a video on how to hire a "good, honest" real estate agent? What questions to ask, red flags and son o? I got screwed by my realtor big time and I don't want to repeat the same mistake. On the seller's market she was pressuring me to bring the price lower and lower because she said it is unethical to ask for more because that brings all the neighborhood prices up and it is not fair to the buyers. She pressured me (right after my husband died) and sold my home under the market price and got her 80K commission and took off. No support, no nothing. Any time I had questions or needed help, I had to contact the title company myself. Even the title company said she not doing things right. The addendums were are written for the benefit of the buyer (who is a Hollywood actress by the way) and my realtor even made me leave the TV and some other stuff behind. By the time I realized she doesn't have my interest in mind, it was too late. Watch out guys, there are tons of crooks out there and their goal is to access your wallet ASAP without doing their job.
    8
  10859. Hi Michael you are exactly right about everything. You keyed in on one of the words that they love to throw around. "IF" Also I hope people also remember something major that changed in America Two Years Ago. This is why I tell everyone that what we are going through is all on purpose because pre-covid everything was great.
    8
  10860. Picture this, Australia has 25 million people , 7.6 million sq kilometers. Florida 170,000 sq kilometers with 21 million people, Florida's like a sardine can.
    8
  10861. There was an ad for "Americas home place" right before this. I was like "oh no". Save 1/4 to 1/3 of your paycheck every week. Pay for stuff outright. If you can't do that then you need to lower your standard of living. Not BS facts. Be ready for the bad stuff by cutting back.
    8
  10862. Awesome video again!😊
    8
  10863. They should create investment incentives for investing in jails and prisons. We need a lot more of them. Most of the mobile home parks in the Daytona area were privately owned years ago but now most have been sold out to large entities and yes the rents have increased dramatically. Many of the residents were on fixed or limited incomes and it is just terrible.
    8
  10864. I would be satisfied if I could keep all of my earned income and take care of my fellow suffering Americans.
    8
  10865. Moving alone can definitely be scary! Thank you for sharing all your tips. :)
    8
  10866. Even the used car market is starting to see month to month declines in prices
    8
  10867. “I will gladly pay you Tuesday for a hamburger today. “ Wimpy circa 1962
    8
  10868. Bro enjoy the weather over here Washington state it’s been 18° at night for two weeks already sucks
    8
  10869. Nick just made a video about Blackrock buying 40,000 residential home. What will this do to the market and prices?
    8
  10870. Glad to see SOMEONE not panicking during this year! :) 👍👌
    8
  10871. If the house has extra bedroom/s, the best thing is to get a roommate or 2. Become a Golden Girl.
    8
  10872. Lived at the Flamingo North tower for 2 years in my early twenties. 1300$ for a one bed Great place, fun times, attractive and energetic people....every other guy is a rapper / dj / film maker, and every other girl is a triple threat model / dancer / singer...I'm guessing its waaaay more complicate then that now 😅 (and expensive)
    8
  10873. You're so correct about the shenanigans Michael. We're headed for a depression.
    8
  10874. The 10 year went down again today. I don't know .. could start another mad rush of fomo. Someone is buying up those bonds thinking that the Fed is going to halt rate increases.
    8
  10875. Bought a dbl wide in 07 with 3 acres in SC low taxes paid for in a great area 1800 Sq ft huge deck two car garage completely remodel over the past 17yrs so thankful!
    8
  10876. I loved St Augustine when i visited there. Beautiful area.
    8
  10877. Great points, Its really surreal how quickly equity in us housing is evaporating. the student loan forgiveness was never going to happen.
    8
  10878. You just mentioned what I was already thinking - a la carte buyer's agents. Are there real estate attorney's that could serve that function ? What ever happened to For Sale By Owner ? I can appreciate a real estate agent making a commission but based on current valuations a 5-6% commission seems unwarranted.
    8
  10879. Things are not yet even close to how bad they may get im afraid. Everyone better just hold on and not jump into anything so soon. There are some big things just on the horizon that could potentially threaten the u.s. economy far more than most are aware.
    8
  10880. I’m just blown away by housing prices going back up, this is price gouging and the government needs to step in.
    8
  10881. Hi, your videos are very informative and interesting. I am 19, moving to Florida next week with my family. I have my own cleaning business, but I am also interested in real estate and will start studying online ASAP for my real estate license. I am very motivated and like working for myself. With me being so young and not having any contacts in the area can you please give me some advice for what to do after I get my license? Thanks!
    8
  10882. Texas is no 7 in property tax rate 1- NJ 2-Illinois 3-NH 4- Conn 5-Vt 6- Wisconsin Lived in both Illinois and NH At least NH was gorgeous so much outdoor recreation, close to lakes, mountains, ocean
    8
  10883. Hi Lisi! Thank you Michael!
    8
  10884. Hello Michael and Lissy. Happy Thanksgiving!🦃 Thanks for the video!
    8
  10885. A very accurate video. Yes, Florida is better than any drug or psychological therapy, a day at the beach gives you amnesia in regards to depression.
    8
  10886. I'm saving my income tax this year
    8
  10887. A genuine question, I like your Ch and the content and I believe you and I watch other Ch’s talk about Credit card debt exploding and car repossession going up. Why are the Markets doing so well? Every CEO aim Wall Street has the same data as you if it’s all this doom and gloom( and I’m feeling) why is the DOW, Nasdaq and S&P 500 going up?
    8
  10888. There were layoffs at my government job back in May. I have applied for hundreds of jobs and still no work.
    8
  10889. Awesome insight into LA real estate and life in general in LA and California as well. Great video Michael...with your guest. Gina. Thanks.
    8
  10890. people must be mad paying these deluded bubble prices. they are at least 6x overpriced.
    8
  10891. Excellent video Michael ❤
    8
  10892. High interest rates can be a big disadvantage if you have lot of debt to pay off! But who has enough money can put it in a saving account and can collect a good amount of interest by almost doing nothing!😅
    8
  10893. I sold all my stocks and bought gold 9 months ago. I'm very happy 😊
    8
  10894. I'm not a fan of HOAs, and I don't currently live in one. However, it's frustrating when a neighbor turns their property into a dump, or decides to build a car from crap that they've towed from the auto jumkyard. People suck.
    8
  10895. People around us are just staying a float with bills. No one is saving money.
    8
  10896. No excuse or sympathy for being house poor. You know your income and the amount of house you should purchase to keep yourself in line. Live within your means!!!
    8
  10897. My plan: 401k, Roth IRA, Personal Savings, buy & pay off a house, & social security is a bonus. Since we have a looming recession, I'm setting my retirement portfolios to "safe" to mitigate loss.
    8
  10898. This video was fun. Every point is so true. We are incredibly blessed. I am 66 and have worked all my life. Am I a millionaire? Nope, but my wife and I have everything we need. There is nothing anyone can come and take away from us. Does that mean I am rich? Yes!! Awesome to be free.
    8
  10899. Im here for my daily doom and gloom.
    8
  10900. I have been watching these guys for prob over a year now. So far their advice has been as close as someone can predict. So I wanted to share something with you guys. I finally purchased a home after renting in the Austin area for close to 2 years now while waiting for things to come down. I purchased a 2400 sq ft home on 1 acre for 260k with the initial listing price at 290k. Today my lender text me and told me my appraisal came in at 315k. So that gives me 55k in equity in case things fall further which I think will but I planned and put myself in a good position with savings. Thanks, fellas!
    8
  10901. Thanks for your update. I am surprised that the prices haven’t dropped on the SE Florida Condo market. As the same unite I purchased back in 2009 is now going for triple or 4x the price I paid. Hopefully this is the turn in the market as we get closer to 2025 new condo laws.
    8
  10902. 🎉 What's up, Michael! 🥳 Your last few videos have been FUNNY AS HELL! 🤣🤣🤣 PLEASE keep it up, my man! 😁👍
    8
  10903. I have little faith in Powell that he can get inflation under control. Needs to raise rates 1-2 points each meeting quit with this 1/2 point 3/4 point talk. It makes no sense that the DOW and S&P are up all this week while interest rates and oil are edging down and we’re talking recession. Just proves to me that the market is manipulated by hedgies.
    8
  10904. I would love to see a tour of Clermont, FL. Its not far away from the entertainment of Orlando, and it also has a lot of hills which remind me of Northern States.
    8
  10905. Lesson...do NOT be a landlord in California right now!
    8
  10906. I guess you never heard of VA where on nice cars you pay property taxes that run int the thousands. And that is every year you own the car
    8
  10907. Looks like someone did a big burnout on that one street! The Fed's current QE replaces existing money, but when they lower interest rates that will be the new QE hitting the market. The real estate bubble is still raging here in Miami , I am seeing more construction in my area than ever!
    8
  10908. So much truth in one video! After Harvey in Houston and all the flooding, insurance is going up a lot every year. I am seeing lots of price reductions as home owners get their property tax and house insurance updates and say, "WTF!"
    8
  10909. HI Micheal Baby Boomer here from the UK . Just to Confirm to the viewers That what you are saying is very true about the 70s and 80s , and earlier . the reason we never worried about the interest Rate was Easy . the bank manager gave you the Mortgage . he knew your capabilities . you could only borrow 3.1/2 times your income NO SELF Assesments . Then . you Went into your mortgage with No DEBT . No Cars , Just Pay for your Home . The Value was unimportant . you never wondered about increases . Value increase was very SLOW As hardly Anyone had a mortgage . Houses were Plenty ' at give away Prices .Hardly anyone Purchased a House .. You could Scale Up / or Scale Down Cheaply . TODAY The market is destroyed with greed 'and Low interest rates causing this . DEREK .
    8
  10910. Eventually the buyers who can buy at any price, will run out. Then we will see the correction in full swing
    8
  10911. Elon Musk said something along those lines in the past couple of weeks: if you have free money and know that you'll be bailed out no matter how bad your decisions are, you throw caution (and money) to the wind. Let's see some of that "free market discipline" unleashed on these investors.
    8
  10912. My mother and father have lived there for about 11 years. I live in Tampa so I go up and see them a few times a month. It’s like being on vacation. Especially when the whole family is in town.
    8
  10913. Low interests rates are not the only factor that controls inflation. Actually, inflation is, by definition, printing money. As long as the government continues to print money to cover the deficit spending, the money will keep inflating and prices will follow. There might be a temporary deflation of prices, but only temporary.
    8
  10914. I think it’s a bad ideas to allow institutions to buying homes because the sellers may sit back and wait for higher cash prices from investors.
    8
  10915. About time!
    8
  10916. If my land increase my lease rate 50-10% I’d move in with family & friends and split the bills while we all save together.That’s what I would recommend!!!!
    8
  10917. Really liked this video. Very helpful and educational to hear what other people are doing. Then to hear the input from you too. Im learning what all the options and ideas are.
    8
  10918. I've lived in Florida a long time and I'm not sure why people move here. Tons of people and no industry with 1000 + guys begging to mow your lawn because the good jobs are taken. I've seen people move here with excitement and enthusiasm just to end up leaving broke and suicide in one circumstance. You either have lots of money in Florida or you are broke and most with supposed money are actually just in massive debt. I've found my place here and love it so there are possibilities.
    8
  10919. June 2023, Farmer said they are NOT writing any policies in Florida. Farmers said they are limited policies in California. State Farm stopped new homeowner insurance in California. Mayor Car Insurance Companies pulling back in California. Many Corporations raised premiums on Everything. I know our vehicles insurance went up, not as bad as Florida did, speaking about homeowners insurance. What a lot of families are doing, selling everything in their homes , including the home and living in something much smaller or just travel . Rent a spot from family who has acres . People better move out of Florida and move to a cheaper state. Budget and Save Money.
    8
  10920. Moving from Chicago to Orlando area this winter. Anyone young 20-30s want to connect, DM me!
    8
  10921. Putting inflation/money/real estate/cars/finances in layman's terms allows for a better understanding of how much "it cost to live." I'll ask again for you to define your version of rich. Love it. Pointing out and defining financial irresponsibility is helpful for many to think about. It will S&@K when prices are rock bottom and no one can buy.
    8
  10922. My family has been here since 1830. You should change your title to best beach towns. The freshwater in Florida is way better in my opinion!!! You should look at places like Georgetown and more so Welaka. Right on St. John's river and absolutely gorgeous, quick boat ride to Silver Glenn Springs and Salt Springs and the Ocala National Forrest.
    8
  10923. Who is getting raises?!?!? No one I know has gotten a raise the past couple years. Companies are saying that they're still in recovery mode. Sucks.
    8
  10924. A lot of those millionaires aren't liquid there's a difference
    8
  10925. As property owners we will Not have any rights over our property 😢 !
    8
  10926. You should mention snorkeling on the coral reefs at Key West, a lifetime memories experience. In Florida.
    8
  10927. First, isn't there insurance for wire fraud, and second, Isn't the Title Company/Title insurance company liable? Thirdly, that's the last time I'd use that title company.
    8
  10928. everywhere was bad during the pandemic. Florida was one of the better places to be during the pandemic. For her, the problem was more so the insurance issue with sink hole, and the increase in property taxes is a direct reflection of how much value her home gained. She probably made a bunch of money and ended up buying a nice home back in Pittsburgh.
    8
  10929. I’m not ahead but I’ve turned a corner. I still kinda tread water. I’m not in serious debt, have no credit cards, but I make $30k per year and live with family, I pay 1/3 of household expenses. We moved to North Florida a year ago (less impacted by real estate insanity than SWF… We have food on the table but we have to make sacrifices to get by and it’s pretty hard. Insurance increases, rent increase, etc I have learned from these videos to stop blowing money at wal mart, and instead start investing these bits of money. It’s starting to add up positively.
    8
  10930. Congratulations Micheal!! That’s awesome!
    8
  10931. Watching it now. Was waiting for this beach
    8
  10932. Palm Coast may not have an HOA but they do have restrictions like an HOA I've done some research on this area. Personally I don't think 45 min is a long drive. I live in MA (at present) and many travel 1 hour one way to Boston for work. I think you may be a "city boy" (which is fine!) and not accustomed to suburban living. With all that said thanks so much for this video I enjoyed checking Palm Coast out !
    8
  10933. The funny thing is that I don't think I would mind the snakes and lizards or even the alligators, but I do mind the cockroaches. . . which we do have here in New York, lol.
    8
  10934. The REAL real estate crisis is on the horizon when a couple of years down the road people want to or have to move. Imagine having to sell with no equity and underwater with a 3% mortgage, only to buy elsewhere at 7-9% mortgage rates and whatever cash that can be scraped together?
    8
  10935. Ask the “VNese boat people” how was their journey.
    8
  10936. The Rod and Reel Pier has the best fish and chips! Great food!!!! Owners have doubled their weekly rents per week from around $2,500 to $5,000 in 2022!! The northern part of the island is called Bean Point!
    8
  10937. 360k is still way out of people's income range
    8
  10938. there cant possibly be that many people acting so irresponsibly with their home equity, right? Especially after 2008. People must have learned their lessons by now, right?
    8
  10939. Love your intro today, likewise your long sleeved shirt.❤
    8
  10940. This is why I’d NEVER buy a condo. And don’t buy anything on a land lease (some HOAs)
    8
  10941. I’m glad I got my 2.5% loan when covid hit i refinanced and have been on easy street ever since.
    8
  10942. as a struggling student, i use to work at radio shack in the mid '80s. many people use to put items on layaway, but very few ever paid the items off. most people only made the initial payment and were never heard from again.
    8
  10943. People will buy when they think the price will just go up and up.
    8
  10944. If list is made public then if the property value dips too much, taxes go down. Considering not many have cash to buy outright, prices will crater and tax revenue craters. Pretty simple.
    8
  10945. North Port - many live here that have been priced out of the Sarasota area
    8
  10946. I’ve lived in California my entire life. It was incredible 20+ years ago. Since then , The quality of life has greatly deteriorated while it has become extremely expensive and elitist. The state subsidizes the rich and poor but is hostile to the middle class. I can’t wait to leave it behind.
    8
  10947. Waiting is okay, but then you’ll most likely end up paying a new high with higher interest rates, assuming there is a correction anytime soon. For example, say you don’t buy today, and homes appreciate another 15% before it corrects 10%. You’ll still end up paying 5% higher with high interest rate. 🤷🏻
    8
  10948. Basic Financial education was taught in my high school in the early 90’s. Budgets and how to manage a small business. Home economics covered cooking and managing a household.
    8
  10949. Beautiful neighborhood. Ill drive my 2015 Ford Edge w/140k on it for 5more years. I keep the maintenance up and It looks runs great.
    8
  10950. Michael, the investor also usually gets to keep the trailer if the owner can’t pay the mortgage or move it.
    8
  10951. Love this Chanel. Say NO to remote working. Soon , the remote work will be transferred overseas. It already started in health care. We cannot let this happen. Cannot say more.
    8
  10952. I hope there's a 5th stage. A complete 50% nation wide crash
    8
  10953. Crucifying the poorest of the poor with money from savers and tax payers. Why are the poor so hated?
    8
  10954. Punta Gorda, FL is in the list of 30 places where home prices have dropped the most. Punta Gorda is about 25 miles north of Ft Myers, Florida. It coming to Florida.
    8
  10955. Hi from Arkansas! At my work, alot of older techs are getting part time or prn jobs to make ends meet. Ive noticed this in the past 2 years. We have 25 prn people but 8 full time techs. Go figure.
    8
  10956. You know this, but: people told you that because, for Silent and Boomer generations, it did work that way (generally). They were young during the US golden age, when the system sort of worked for people.
    8
  10957. Turn a negative into a positive,want to tighten your belt and save money.The positive during these expensive times,cut out junk food / fast food and get healthy.Loose those extra pounds/Look good and feel good.
    8
  10958. That’s why you buy what you can afford…
    8
  10959. I agree! Such a shame for such a nice place to remain empty part/half of the year!
    8
  10960. I just got to FL from CA, and I could immediately tell drastic difference in humidity. Before I left CA yesterday I checked humidity in CA and FL, and it was showing nearly the same humidity in both states but when I got to FL it was polar opposite from what it was when I left CA even though it shows the same on the weather app it feels completely different
    8
  10961. Its about time. We need a housing reset.
    8
  10962. Man I don't fool with most of my family here in my hometown most of them are dead or moved out of state and I have a very small circle group of friends i have family in the south florida area 50 + cousins
    8
  10963. Your Tactical Advice here is superb! Hope any sellers out there are paying attention. Best time to sell is BEFORE other items are also listed....
    8
  10964. 11:38 ‘hard on’? I had to rewind. Dude that’s classic lol
    8
  10965. Sw Florida cape coral and Fort meyers sellers still trying to get double to triple what they paid one year ago. Nope not this guy. Don't get suckered in
    8
  10966. So glad to see people living life again. We are just opening up after months of lockdowns in Ontario Canada. Beautiful filming. Thanks!
    8
  10967. Im waiting to see my new home insurance quote. If its not affordable, i will move out of home ownership
    8
  10968. Thank you for acknowledging that housing market data is local. Down the street from me in Disneys Golden Oak there is a house for $65k a month. We hardly have any inventory. We are in a stalemate.
    8
  10969. I dont know about anywhere else but here on the west coast of Flahiduh we have a massive bum rush of immigrants who can't speak a lick of Ingles but are pooling their financial power together. Every home sold over the last six months within a mile of me is either and AirB&B now OR has three to five families all crammed into a single family home, destroying neighborhoods in the process.
    8
  10970. The investment (vultures) company that bought up my friends' home at a sheriff's sale due to foreclosure didn't do a title search (apparently); and still haven't taken possession from the mid-September sale because they discovered the $70k IRS lien placed on it years earlier.
    8
  10971. This time next year would love to see that 12 million house where it would be
    8
  10972. Pay my college loan,pay my car payment, pay my rent. Democrat paradise
    8
  10973. The problem is everyone wants to live in the big cities where housing is super expensive. Housing is affordable once you look into smaller cities or further out. Unfortunately that's not where the jobs are & its not hip to live there. However I'm also surprised house prices aren't being effected by the rising interest rates yet
    8
  10974. I've seen entire neighborhoods in Kissimmee that were AirBnB houses. I can't imagine what will happen when whole communities go on the market. I doubt it will end well.
    8
  10975. imagine paying 3x home price during a full blown pandemic
    8
  10976. Also when you hit 60 you are prone to major medical bills. You have to get a good medical plan.
    8
  10977. Really like the small town vibes of New Smyna. Beautiful little beach town. But, we like a little nightlife so I don't think we'll be staying there for an overnight trip. Would like to visit during the day, and or course, drive on the beach!
    8
  10978. Yay, Sarasota.
    8
  10979. Some real estate agents out of DFW are telling people it's a great time to buy, and the economy is doing well here. To be honest, the housing is still well overpriced here. It's not a great time to buy. Salaries are too low, and housing is not affordable here. Honestly, I would wait until the summer/fall of 2024. Great deals for all who are patient. Don't believe the hype.
    8
  10980. Good info Mike, that's how I compare the 2 also, I lived in Clearwater, Brooksville fl. Then moved to coconutcreek, south beach, now we stay in Pembroke pines for the winter. I love the east coast.great video.
    8
  10981. No one knows the time and place.
    8
  10982. First
    8
  10983. Landlords and renters should have both got their freeze. All fingers point to the banks
    8
  10984. $3,400 a year for car insurance? Move, asap.
    8
  10985. Money money money. No mention of how to help meet people's needs. It's about the screwer and the screwee.
    8
  10986. Actually, you don't have to pay a 10% penalty if you take a loan from your 401k, if it's done to purchase a primary residence. I'm not suggesting someone should do it, I just want to clarify that point.
    8
  10987. Good video Michael👍🏽☝🏽Although homes may be selling, seems now is the time to negotiate with sellers. They have the equity, buyer has the high interest rate as leverage. Up here in Coeur d’ Alene, builders are still pretty busy.. this area has a high demand unfortunately. Seems the US. is screwed until the election.. let’s see how far they run it into the ground before then..
    8
  10988. We live near Daytona Beach and you are so right about Palm Coast. Sameness everywhere. No character at all.
    8
  10989. Great information. Nice to see you and your wife together!
    8
  10990. It seems that the more metal fencing around the property the sketchier it is .. Keep up the good work
    8
  10991. I love the waters around FL. Also a big fan of the Ocala National Forest. Love the Keys. I usually spend 3 to 6 months of the year in FL and been doing that for over 20 years. Started in the early 40s. I've been in FL in August and know what that's like. The big thing that keeps me going north in the spring is the mountains and lakes of northern New England. Nice to swim in a lake without gators.
    8
  10992. The beach😩😍
    8
  10993. If property taxes in florida are supposed to go up 75-100% in 2023, I don’t see how most Floridians are going to be able to pay a mortgage, proper-tax and homeowner’s insurance.
    8
  10994. Oh man ! No words other then WELL DONE !!!!!
    8
  10995. It sure seems like we are headed for a real estate bubble. Feds got themselves between a rock and a hard place as rates hikes to combat inflation will likely lead to a recession. Add continuing inflation and a recession to this picture and that would be a very painful correction for the housing market. Kind of feels a little like history is about to repeat itself.
    8
  10996. Interest rates need to hit 10 plus to make this work. Numbers don't lie.
    8
  10997. If you bought a home to live you ain’t got nothing to worry about. If you bought homes to make profit ( rent out at outrageous prices) hey what if people can’t afford your greedy price setting? You reap what you sow…..
    8
  10998. Banks are drawing back on credit .I have a FICO 800+ and Citibank cut my cc available credit by 20%.
    8
  10999. One tip I was told: use a gel ink pen to write your checks. That makes the checks much more difficult to "wash". If the signature on a check doesn't even come close to the authorized signature, the bank or credit union should bear the loss.
    8
  11000. Planned to sell in rural Maine this year, but the value has cratered. Gonna have to wait it out with another miserable winter in a blue state. 🎵Blue Christmas
    8
  11001. Excellent video! I have not dined in in 3 yrs and have NOT missed it! Eating out is a rip off!!!
    8
  11002. This was common in Chicago before the pandemic. A number of buildings converted from condos to rentals. Most owners jumped at the offers. Only one building pushed back.
    8
  11003. Two replacement hinges for a lazy susan in Lowes $30 each! Two for $8 on Amazon. Gauging!
    8
  11004. Great content. Have a great weekend
    8
  11005. As someone who works in commercial underwriting I’ll say the likely reason the condo’s premium increased so drastically in 2023 is because the insurance industry got blasted in 2022 from large CAT events (wildfires in CA, Hurricane Ian in FL, hailstorms in TX and CO,etc). CATs plus inflation have bled the reserves of all major carriers which is why there’s mass layoffs in the insurance industry right now, dropping of coverage especially in FL and CA and everyone is seeking higher premiums
    8
  11006. Thanks a lot! Great videos and very informative. Here is another idea for a video: condos in FL. Maybe also within 10-15 drive to the beach and without crazy condo fees. I'm sure you can find even more bargains if you look for condos. For example, I would rather buy a 1-2br condo than a house as a single guy who likes to travel.
    8
  11007. Thanks for all your informations Michael 👍
    8
  11008. I thought about getting into real estate down here but then when I took a closer look at the competition and how hard it seems you have to work to make money, I decided I'm just too lazy at this point in my life for that lol.
    8
  11009. My wife and I have been looking for a small vacation home up north. I told her this exact same thing. “Adjustable rates are going to start adjusting”. I look to the fall for a lot more homes to be on the market
    8
  11010. Thankfully as of July 1st I have paid off all debt. Currently saving up for my second home, owned a townhouse for 28 plus years previously had bought it preconstruction
    8
  11011. The only reason Fed raised rates was to allow Govt to spend beaucoup more $.
    8
  11012. New neighborhood in SoCal is having trouble finding an insurance company to cover the “high risk” fire area. Salesperson for the home builder (Lennar) stated they’re offering an incentive of 450$/month for the first year’s HOA costs. After that…he warned me the HOA could go as high as $1,000. He said if u buy that, good luck selling it (if the HOA jumps).
    8
  11013. If the stock market crashes because of the debt-limit crisis, I will go all in. Right now I only have about 20% exposure to the stock market.
    8
  11014. Very good point. I always tell friends they can't change the PRICE. But they can lower the RATE!
    8
  11015. I have to stay in my townhome for 3 years if I don't want to have to pay back the $15,000 that I got towards the down payment.
    8
  11016. Great video Michael. One thing that didn't hit me until I was actually in Florida are all of the tolls just to drive on the public highways. From Orlando to Miami there are so many tolls, it felt like there was one toll booth every 10 miles which is culture shock because it's not like that in Middle America.
    8
  11017. Imagine the stories you will be covering over the next few years.
    8
  11018. It reminds me of sleepy family surfer town San Clemente California
    8
  11019. The problem with FL is the 1.7 million empty homes in FinkLand. When all this unfinished construction is complete and people start turning their keys in when they are underwater or just can't afford it anymore.....just imagine 1.7 million homes hitting the market at the same time. Be the biggest housing crash in history and cost DeSantis any chance of being POTUS.
    8
  11020. This new look suits you man.
    8
  11021. Those fees are out of this world
    8
  11022. I bought a house in 2005 and vowed never to fall for that kind of hysteria again. Today's market feels like that level of madness and people are buying under pressure of FOMO. I wouldn't recommend anyone buy a house right now. There may not be a 2008 type price correction, but there will be a correction.
    8
  11023. Appreciate your work Michael, you’re really helping people and giving out good information. Keep up the great work. Im out of Rochester NY, and love real estate here and in st petes beach area
    8
  11024. Great video! Companies and government doing scummy stuff with technology. I'm a 32 yo millennial, currently making a little under 85k. I live in CA though so it's probably closer to like 60k in terms of florida money and cost of living expenses.... We don't even have waffle houses here man. Real estate investment is too profitable, especially in CA. Need changes to prop 13 to exclude non primary residence properties.
    8
  11025. My 5yo son requested to watch "The House Guy" when he went to bed the other night. You now walk amd talk my son to sleep vs his white noise video we used to play 😆. Love your content, watch it daily and its incredibly intuitive. Just thought you would get a kick out of that.
    8
  11026. Didn't she have homestead exemption on her house? Taxes would have not risen anywhere near that amount if she did. The Hometown Heroes act is for first responders and teachers so they can afford to live here.
    8
  11027. I said last june we were headed to a recession. And people laughed at me.. i said you just watch and see .. Well now i can say i told you so... not u personally . Lol but everyone who thought i was i wrong. That is why during the pandemic and now all I have been doing is saving my money. And when everybody goes bankrupt and loses there houses then I'll go in and swoop up the house I want for cheap LOL
    8
  11028. If people need exercise equipment they are going to market place, its saturated with everything. I got a 2K stair climber for $50.00 moving sale, we just had to take it apart and move it.
    8
  11029. A lot of the Condos on the beach have hurricane shutters up. Not good. My community is across A1A and we are full of people and guests. We are all very happy here.
    8
  11030. If you are getting a home for the long term go with the saying "there is never a right time to do anything". Just do it.
    8
  11031. Lead by example. If the government spends the money they don't have like there's no tomorrow, why would anyone assume an average Joe wouldn't do the same?
    8
  11032. Thanks again Michael for sharing your knowledge of Miami I’ve learned so much about your area through your channel and it’s very much appreciated. Best Regards
    8
  11033.  @MichaelBordenaro  My Beverly Hills landlord owns 14 properties in the city limits and holds some units vacant so he deliberately shows a loss for his LLC. It offsets the profit in his other businesses. These people have more tricks than a carnival sideshow.
    8
  11034. It's not just price but affordability with this Double interest rate.
    8
  11035. Y’all are on fire with these videos! 👍🏼👍🏼👍🏼👍🏼
    8
  11036. St. Augustine is one the best cities in Florida. I would move there if it wasn't so expensive and there were more jobs.
    8
  11037. What I want to know is...do you feel better after venting all this out to us?!?!? Don't disagree with you on any of it but you got me smiling to myself a couple of times. What does it say when I start recognizing some of the properties you show us?!?!
    8
  11038. Imagine selling your house for a huge huge loss and then getting laid off the week you move back to the city you can't afford. A shame these people didn't organize before it was too late.
    8
  11039. Everybody wants to go to Canada because " FREE HEALTHCARE " Then they saw 30% increase in TAXES, COST OF LIVING. Now EVERYBODY wants to leave CANADA. Like everyone wants to leave CHINA 🇨🇳 😂😂😂
    8
  11040. Your Best Video Ever A perfect Summary For 2024
    8
  11041. Thanks for all your hard work Michael..The stock market is back to all time highs.. 401 Ms are looking much better.. the transfer of generational wealth is starting to emerge.. might take a lot to lower prices on homes..Thanks
    8
  11042. I'm in Atlanta we are now starting to see houses sitting longer and a few price drops. I know things are going to get ugly here for the ppl overpaid. Plus the newer homes here are so poorly built.
    8
  11043. The price of the house in Florida is only one thing. Real estate taxes and home owner association fees and utilities will eat you up. I have had my house paid off for many years but my monthly expenses keep going up and up. The prices he uses in this video are average sales prices. If you want a nice house add 100k to every number he mentions.
    8
  11044. THANKS MICHAEL. 👍
    8
  11045. My sister s house was paid off dept free .. but borrowed against her home to survive.. but she has no income now. .. she got laid off from a job a 1099 job. She doesn’t get unemployment…
    8
  11046. So...is it possible that these programs will be under companies that will fold and that debt will be sold to a much larger corporation who will jack the rates. Then take the property when the buyers go under?
    8
  11047. Moving from mi. to fl. I can say there are alot of russian and ukrain people down here, and they are incredally , nice ,smart , humble and God fearing folks , However I am watching the market up north , ive bought had it with salt life , I love the 4 seasons and the greatlakes , despite some of the issues that mi has, Florida is over rated in my opinion,....
    8
  11048. Mike great show however I need to correct you and your guest most of the money raised from the tax on real estate over 5 million will go to the LAPD and other city services. You guys need to STOP scapegoating the homeless, she just told you city workers went out on strike. As a real estate agent you should know that any tax on real estate goes directly to city services such as LAPD lawsuits, payroll, equipment and etc. In order for the money to help the homeless the money would need to go the housing authority.
    8
  11049. I am seeing anywhere between $500 to $1000 reductions in Pigeon Forge for September.
    8
  11050. You are sooo cute! I’ve been watching your videos and they r very informative. I’m planning on moving to FL soon!
    8
  11051. Honest question for yall Is there really a housing shortage or just low inventory Thanks and good day
    8
  11052. Back in the early eighties, my husband applied for a job with a major insurance company. In order for him to get the job and sustain working for this company, he was told to go out and find numerous new accounts per month. One way to find new accounts was to scan the newspapers every day and make cold calls to people who had major life events, like a new baby, death in the family, etc. This is how companies know who to target for potential business.
    8
  11053. Finally, a video which calls out real estate agents for price fixing.
    8
  11054. The crazy thing is, they are going to push AI as this great savior to get us out of the mess, just watch. Once that happens, it is basically over.
    8
  11055. Good one . I was perusing Zillow this morning and checked Ft Myers and Cary, NC. People still asking high amounts but biggest difference now is many people refusing to pay and homes sitting for as long as a month. You are correct concerning rentals though it will be unsustainable in the long term. Thx
    8
  11056. I make 100k a year and cant buy a house in my area. have 50k in cash too.
    8
  11057. Totally agree it's still a good time to sell especially entry-level homes here in South Florida. My last 3 listings experienced bidding wars as they were priced correctly.
    8
  11058. I was watching I Allegedly, but now I’m going to switch to your show. I Allegedly does what you do and walks around out in the open, but all he does is mostly talks about how beautiful this is or that is and takes forever to get to the point. Keep up the good work.
    8
  11059. At the end of the day, the headaches of dealing with all the repairs and maintenance and others things that are associated with owning is not worth it to me. I still think at the moment, that it is more beneficial to rent then to buy. I invest just over $2,000 a month while renting and if I were to buy, the $2,000 I am investing would drastically decrease. Boise ID is expensive when you compare it to the wages being earned. Also, my rent did not change and stayed the same. Just my 2 cents.
    8
  11060. Agree 100% about going out and the service industry has really declined in all aspects. I liked going out pre Covid , but now it sucks. I do not see things getting better for several years
    8
  11061. I fell in love with Miami and Miami Beach during a visit. You are the first person I ever heard say it was affordable! Thanks for pointing out the different living options.
    8
  11062. As a kid I collected rocks I spent silver from picking up pop bottles. All The girls knew I had quick hands. Banks are in bed with Insurance companies and I'm still collecting rocks.
    8
  11063. That is happening everywhere. The problem is people were working and the “lockdowns” happened and business was handicapped or eliminated. If they open things up to full capacity we will still not be able to recover. Was it worth it? Time will tell
    8
  11064. I bought in a buyer s market in 2006. My home set on the market for 2 plus years. … went to auction.. I got it for 30 percent of its actual value.. today it’s worth 750k. Not bad for paying 73 k …. But look at how many years to get there…
    8
  11065. We may need to organize a protest outside the capital. It’s sad because they are just letting this happen. I’m just afraid that this great disaster will be named the “great wealth transfer”.
    8
  11066. Your channel is so down to earth, with practical concepts and your personality is realistic no illusions no pretensions. Unlike some other S. FL YouTubers who think they are above the rest with their head stuck up their a$$. Keep walking, talking showing and telling. Much ❤️
    8
  11067. I will never own an electric vehicle even if they are cheaper than an ICE vehicle because the 1st problem is where do I charge in Brooklyn NY 2nd problem is they are very expensive to repair and god forbid you need to change the battery, it will cost more than what the car is worth. Screw that crap.
    8
  11068. always great content buddy 👍👍👍👍
    8
  11069. Mike, I also want to add. I believe CAR prices will soon begin to fall as you have stated about assets dropping.
    8
  11070. Recently stumbled upon your channel, and I’m not unsubscribing it any time soon. Thanks for all the great advice, contents you shared! Very informative and valuable informations. ❤
    8
  11071. Theft…
    8
  11072. Hey, Michael. Do you recommend saving up to buy a first home, or contribute to retirement?
    8
  11073.  @ipenguin3918  That’s exactly what I did! And was smack dab in the middle of Ivan! 145-150 mph winds! 😱😱 And it lasted FOREVER! It was hair raising! I sat and prayed for 13 hours! 🙏 God saved my house. Something, I’ll never forget! Believe me!
    8
  11074. 1:44…. I’ve been saying this. It pises me off seeing YouTubers saying the opposite. There is no shortage in middle class homes…. There’s no shortage in luxury homes…. The only shortage there is…. Is homes for the lower class….. seriously look around you…. Look at the dmv as a great example….. a stupid amount of middle class homes and apartment complexes alll empty….. all empty or still not done building …..
    8
  11075. The problems highlighted by Michael here are true and not limited to the US. In fact, we are doing "well" compared to many countries in the world. Since the world is still inter-dependent, the potential problems are truly frightening.
    8
  11076. I wouldn’t pay that kind of money for a single car garage
    8
  11077. Man....I called this one too. One thing I was(still am) afraid of is when people bought BEFORE (or just as) the housing market got STUPID, what's going to happen after their property taxes are reassessed. Property taxes are always assessed in arrears, so for example my home was just over 200k when I purchased it in spring 2019 and it shot up to over 360k before it leveled off and is starting to drop. Problem is, the property taxes were assessed in 2019 and are usually done every 4 years unless you have a major exterior renovation. In some areas and states (like Texas) there is no legal limit on how much property tax rates can increase per cycle and in some areas, they could see a 50% increase in property taxes. Even if you escrow that into your mortgage, some owners might not be able to handle it and for those who DONT escrow it in, they might be in serious trouble. You might start seeing tax forfeitures increase on too of foreclosures ON TOP of this wiping out any equity that the property might have. The only real way out would be to refinance if you do have equity to escrow in the taxes but then you'll likely have a much higher rate.
    8
  11078. What about the rumors that these buildings were built in large part with 'Cocaine Money'? If that is true I can see why the first builders and owners cut corners in construction. Does the whole condo business along the Miami coast resemble something out of the movie 'Scarface'?
    8
  11079. So true these money managers and hedge funds are losing a lot of people's money.
    8
  11080. Michael, I don't think there are any "affordable" homes in California.
    8
  11081. Squatting should be a felony
    8
  11082. One of your better videos. Even me as a lifelong Florida resident got some new ideas of places I now want to visit. Thanks Mike.
    8
  11083. How did that squatter in NY pay those attorneys fees for 25 yrs? That seems like more then a mortgage.
    8
  11084. I started in R.E. in Houston, TX in 1980 and we had about 5 💥 yrs until oil prices dropped from $100/barrel to $35/barrel. Int. Rates were around 6.5% in 1980, but went to 17% by 1987. House prices dropped by about 35%-65%! The RTC was liquidating homes at auctions. I bought a condo by the Astrodome/Medical Center for $6K! Sold it 5 yrs later for $40K to the tenant. 🙂
    8
  11085. What happens is when you are in your 30's, 40's 50's, people don't worry about retirement and savings. What they don't realize is that the 60's come really quickly in life and then things are too late, not to mention you'll feel aches and pains in your 60's. You won't want to go to work. As for Bitcoin, I sold all of mine. I really think that this government will make it illegal to use it.
    8
  11086. You will never be able to stop these walking videos. I dont know why… but it works. Great content helps. Keep going.
    8
  11087. Honestly I'd take a hot cloudy day over a hot sunny day, any day. The "rainy" summer just makes it more tolerable for me :)
    8
  11088. Unfortunately they don't see themselves as the problem. Look at Austin Texas, Colorado, Nevada. Look at PA from all the people moving from NY. They simply bring their stupidity with them. If you realize why you are moving (like you) we welcome you to our state. If not keep moving until you see the state line.
    8
  11089. OMGosh! Floridian here and thank you Lord for that squatter bill! When we travel I really worry about that as we are beachside. I know that our sheriff is a real BA and I would HOPE he wouldn't put up with it but these activist judges really do a lot of damage for the everyday homeowner on this!
    8
  11090. We're planning to buy when we need to buy. When our children goes to elementary school we need a house. Originally we want to relocate to somewhere with warmer weather and lower tax. Under such uncertain world, relocation becames extremely high risk. We start to struggle if we should give up the idea moving to a new place but try to buy in the local market. But you know, we are in New York. Having a house here means being a slave for the rest of your life.
    8
  11091. "Nothing against you hillbillies" made me laugh!
    8
  11092. Can you imagine if the major earthquake which scientists say is inevitable occurs in Cali? I think that might put an abrupt end to rising home prices there.
    8
  11093. The following incidents are just some of the things that can cause housing price decline. Economic downturn: A recession or economic downturn can lead to a decrease in housing prices. When people are out of work or have less disposable income, they are less likely to buy homes, which can lead to a decrease in demand and a decrease in housing prices. Increase in supply: An increase in the number of homes for sale can also lead to a decrease in housing prices. This can happen when new homes are built, or when existing homeowners put their homes on the market. Interest rates: When interest rates are high, it can make it more expensive for people to borrow money to buy a home. This can lead to a decrease in demand and a decrease in housing prices. Government policies: Government policies can also affect housing prices. For example, if the government increases taxes on real estate or tightens lending standards, it can make it more difficult for people to buy homes, leading to a decrease in demand and a decrease in housing prices. Now ask yourself what you see happening? Any of the previous I mentioned?
    8
  11094. I’ve been wondering how migration from blue to red states is affecting the markets. Or just high cost to low cost states. I’m a builder in Fort Wayne Indiana. We ranked #6 in US housing development last year for growth, mostly due to lower cost of living. I’m curious to watch this play out regionally.
    8
  11095. At least they didn't charge you for each flush of the toilet, but it's coming. 😂
    8
  11096. Some of these evictees were getting were getting stimulus on top of their unemployment the whole pandemic. They chose not to pay their rent. The really thought they would never have to pay rent again. 🤨🤨🤨
    8
  11097. I scroll through listings every couple weeks. Home prices are still very high considering the % rates. Also there are still very few listings. The Market is still locked up pretty tight as far as i can see.
    8
  11098. Don’t buy. This is the top of the market. These houses unfortunately will go for half if not lower by the end or the beginning of next year. Foreclosures are coming and it’s sad that a lot of people will lose their home. People that are buying are people that have been lucky to sell their home high now, but hopefully they will be able to ride out the market. Prices are barely catching up to before the crash of 2008. Also are there any businesses moving to Florida? That’s the one thing that’s important. Jobs.
    8
  11099. I’m capitalist to the core, but like anything else, it needs some oversight and regulation to ensure everyone benefits. These ticket companies are monopolies—same thing with big tech companies. They lobby elected officials—aka legalized bribery 😂—to write laws and regulation in their favor to crush competition and establish dominance. That’s NOT a free market. Hence why you paid over $500 per ticket to see the concert. Excellent video, as always.
    8
  11100. My parents bought their house 35 years ago and are still paying it off. They probably owe more on it now that the initial purchase price.
    8
  11101. I will only watch live person on the internet 👍🏻
    8
  11102. Those section 8 inspections rarely pass the first time in my experience. Time delays work against the landlord.
    8
  11103. I remember 3 years ago builders were begging you to build offering 8,000 in closing costs and 30,000 in free upgrades. Not anymore.
    8
  11104. Hello Michael Bordenaro, the whole process of investing on house does that apply for a mobile home as well? I'm thinking of investing on a mobile home but I would like to live in and pay it off then rent it out. Not sure yet but thinking about doing it.
    8
  11105. I'm surprised how many wealthy individuals had all of their $$ in one institution. One would think that wealthy folks we more astute in the management of their cash.
    8
  11106. Houses are still selling fast in my area, some have come down in price but many have gone up through bidding wars.
    8
  11107. Born and raised in Chicago, I’ve lived here for all 32 years of my life and I can’t wait to move to Florida. I’ve visited the state at least 4 times as an adult, once as a child and it only gets harder to leave every time. Thanks for putting together these videos. They have been very helpful.
    8
  11108. Living on the water as you and your wife do is great. I wouldn't move either if I was in the same position as you. If and when you decide to sell, you will still make a hefty profit. I was going to buy inland by Ocala and decided to hold off because of the prices. 2024-25 is a better wait and see for prices and Ins. Great video.
    8
  11109. I'm Canadian You have to be patient...... 2007-2008 housing bubble pop......wait 2013.....original owner pay $180 000 ...got it for $45 000 cash.....bought couples property in beautifull WestPalmBeach Florida. Two story building, 1200sq 2 bed 2 bath....huge balcony.... All rented to my americain friend with reasonable price....$1000 average per month (HOA included) Wait for the next round....will be interesting
    8
  11110. ROACHES... Ahhh hell no!!!
    8
  11111. Loved this Michael. I swear you really give us a lot to think about. Can’t thank you enough!
    8
  11112. Hi Michael we watch your videos whenever they pop up. Having lived in Coral gables Kendall in Miami springs it's like a trip back home watching your videos. Please do us a favor. Tell us which neighborhood you're walking through.
    8
  11113. Who can afford a house today??? it's just insane a mad max world is coming folks . it's the end .
    8
  11114. Michael,....your point about people moving to,....and then a few years later leaving Florida shows the importance of renting before buying. I imagine it takes a few years for the good, bad,...and ugly of any area to become apparent. If you rent you are only a few months(or a few thousand dollars penalty) away from moving on,....however,....if you bought you (could) have a nightmare on your hands. Btw,....places like Dallas, Houston,.....and especially Austin are seeing the results of laying out the welcome mat for everyone,.....and the problems that come with it.
    8
  11115. ..it's a house of cards... The government refuses to balance the budget... That's the core of all the problems
    8
  11116. Hi Michael Looks like a pretty nice beach! Loved to visit it someday! Thanks for the awesome video! 💕
    8
  11117. Wow, what bad luck with Irma the day after you moved in. Very interesting stuff and you really did your research. Thanks.
    8
  11118. My huge mistake. I bought a house in Fort Myers.. The inspection report said the roof was good for 14 more years. After a few months got a nice rain water started coming in, then another rain it was coming in the bathroom area pouring out of the ceiling. Went to put in a new lanai and found out all the soffit was rotted. Got an expensive company because they had a good reputation and it cost me $50,000 unexpected. So make sure you get your own roofer to check the roof. Does anyone think I can sue this inspector? I hear it’s very hard because you sign a paper you can’t sue them
    8
  11119. 8:01 is that the Burger King himself? 🍔👑
    8
  11120. I live in the Pacific Northwest, the way I cope with it is watching videos about what it's like to live in Florida. :D
    8
  11121. Good info ! My guess, the state of Florida fines daily and sells the fine note (similar to unpaid tax notes). People can then bid for the notes. Florida gets paid, the owner of the note can foreclose/dispose of the property. It is actually pretty clean way to do business
    8
  11122. Should a parent help their kid? In my case, I say yes. I decided to get my real estate license to ensure my daughter's can turn to me to represent them. Will I discount, no. Will I ensure they learn how to select a lender? Yes. I want to make sure they are empowered to buy using their own financial resources, but have an agent that will prepare them for more than just getting the keys. That is how I think every parent should assist their kids....education and consulting.
    8
  11123. On the Idaho tiny house were-in the lady's lawsuit states "She is asserting her rights to live in within her means in a safe manner hurting no-one". She makes this appeal to a municipal government that "Assumes the right to take whatever they want no-matter the risk and break whatever they deem fit to achieve their ends". Might as well appeal to rabid wolves, though I wish the best to the gal making the appeal.
    8
  11124. There are no "starter homes" any more. There are only town homes.
    8
  11125. I had four houses for rent in my subdivision back in 2010. The owners couldn't sell at ridiculous prices and they couldn't rent because the monthly rent was too high. They stayed on the market for years. I don't understand this, just lower the rent.
    8
  11126. East coast definitely. Maybe start at port st lucie and go south👍🏾
    8
  11127. It's all service jobs there though. People are 30+ working for minimum wage
    8
  11128. Everything is getting worse, yet everything stays the same! No recession for 4 years.
    8
  11129. Beautiful landscape
    8
  11130. Those of us on the Brooklyn, Queens & Long Island shoreline have our fair share of MAJOR flooding & storm surges , as well as wind damage & the occasional hurricanes. FLooding is a nightmare we've been throug quite a bit & the most disastrous was from Superstorm Sandy. It was devastating along the coasts here. I still would like to go to Florida but now have to really consider the insurance issues. I wish they would start raising the houses in Florida on concrete & rebar beams/stilts like they've done here on Long Island, particularly since Sandy. No matter where you go, there is always some natural disaster looming, whether they be coastal flooding ,flash floods, hurricanes, tornadoes, wild fires, etc. Having experience on the coastal shore all my life I prefer dealing with what I know & have experienced rather than trying to navigate some new unfamiliar possible hazards. Still would love to get back down to FL at some point. I love the ocean & not living near it is non-negotiatable. Almost forgot the yearly Noreasters. Pretty wild here as well. From ice storms to snow storms & crazy coastal storm surges. I live one mile from the south shore & 200ft from Jamaica Bay shoreline on the edge of a peninsula in Rockaway. Wild stuff indeed.
    8
  11131. my realtor didn't tell us the pipes were freezing in a home we wanted to purchase. the pipes have been fixed many many times. we found out through an inspection. the pipes are in a concrete basement which is very hard to heat. the heating bills were $700 a month. and more and pipes still freeze. so of course we didn't buy it.
    8
  11132. Who the heck needs 9 bathrooms? Serious overkill… unless you have one heck of bowel problem need to go every 5 minutes.
    8
  11133. Thanks for following up! Prayers go out to all the Families! 🙏🙏
    8
  11134. It’s happening to a lot of people in Colorado too Michael…especially on new construction
    8
  11135. Great video Mr. Michael like always. As a Jacksonville guy, I'd absolutely say that things are getting more expensive and Florida isn't what it used to be. Too many folks move and expect it to be like their home state and it can be quite bizarre meeting folks who don't make an effort to get to know the area. More trash is appearing on the sides of country roads, and the woods also. A lot of us Floridians are eventually going to leave the state and never look back. Florida isn't what it used to be but it happens everywhere not just Florida. My advice to new folks to Florida, don't try to make us like your home state because it's a bit rude and get to know the area. Anytime I meet someone "new" it's hard to connect because a lot of folks don't get to know the area. This happens everywhere so it's not just florida folks!
    8
  11136. I was born and used to live in Florida. Then I moved to California in 2011. I still love and miss that state. California is expensive and we have a really bad governor for now. But I like both.
    8
  11137. I am paying off my credit card debt fast, working loads of overtime. I'm starting to see Rome Crack again, we are the new Roman Empire set to fail
    8
  11138. I strongly dislike HOA's, but I bought my house 10 yrs ago when inventory was very low & it happens to be in a very small, poorly managed HOA so I wanted to buy one that isn't in an HOA whenever this bubble pops so this news really bums me out. HOA's feel like small communist societies.
    8
  11139. Thank you for addressing this. So many people I know are looking for a house and it's either priced way too high...or they are outbid by crazy cash offers. Thankfully we bought in 2018. Thank you for being real. Your videos are great. Keep them coming.
    8
  11140. If you dont have a good paying job in sight moving to florida can be very risky the beach lifestyle its nice but it doesn't pay the rent
    8
  11141. Insurance companies all want to sell Ice to Eskimos. ie. People who won't need it and Collect premium with no claims = free money!
    8
  11142. In regard to the digital license plate. If it's connects to WIFi the DMV could send a signal to the plate that turns it BRIGHT RED when your registration expires 😂😂😂😮😮
    8
  11143. Awesome takes once again! I definitely agree with your opinion on housing inventory. Is there a way to find out WHERE inventory is increasing? Because I imagine it’s not going to be an even increase in inventory across the country. What do you think will happen in those markets that are/were red hot? What about urban vs suburban markets, and how inventory might pan out in that way? Next video topic? Cheers
    8
  11144. 100% agree, we can't buy in China so why should we let them buy our land. Chinese government already owns some of the best farm land in South America, can't let them do the same here...
    8
  11145. I was overleveraged back in the last housing crises. Sold my home around 2007 and paid off all credit cards. People have to be responsible when buying homes. Thx for this good one Mike!
    8
  11146. Good choice. Daytona Beach and Ormond Beach are a nice choice. The Villages area has lots of sinkhole issues. Good luck.
    8
  11147. A lot of this is happening in Canada also
    8
  11148. The road noise isn't too bad. Well worth seeing other areas near you!
    8
  11149. For the algorithm.
    8
  11150. I'm one of those people who said skip tallahassee but idk it does look nice. I'm also a gator grad so I'm biased! You should check out gainesville when you go to ocala!
    8
  11151. Good video. Also something to consider - no new power plants being added to the grid. When was the last time someone can remember a new power plant opening? Solar is great , but its been cloudy here in Florida for almost 2 months.
    8
  11152. Going to the University of South Flordia in Tampa this fall and all your videos have been so helpful I have watched them all!!!!!!
    8
  11153. Most people I know aren’t using their credit card’s because they want to but, because after major bills are paid by pay checks There’s not much left for food, necessities or repairs. It’s scary.
    8
  11154. LOVE the artwork!
    8
  11155. Opendoor called me to buy my home today. I told them it wasn't for sale, but told them to check out one of my listings instead. Ha. Yes, I'm a realtor in the Austin, TX area and I see price reductions skyrocketing. I priced my listing conservatively and it is still on the market after nearly two weeks. It would have sold in days a month or two ago. It boggles my mind to see homes with zero to 1 car garages and no sidewalks selling for over a million dollars. Insane!
    8
  11156. I would like the 90’s back please ….
    8
  11157. I really enjoy your wife, I have only ‘met’ her once but she is a gem… have her on more often!
    8
  11158. After getting defamed the loneliness doesn’t bother me. The finances and car is what is killing me.
    8
  11159. We have flying cockroaches here in Malaysia too, I hold on to my ping pong bat while taking a walk and smashed a few if they fly near me😂
    8
  11160. Those who are behind on their mortgage are going to have really bad credit. Their new modified loans are going to be way higher than 7%.
    8
  11161. Every time I get a little money saved, it disappears fast. For example, my car needed new tires, then my son hit 6 ft tall and needed a new bed and mattress - bunk bed no longer viable. Now my daughter needs braces… I just paid off my Sons braces! I don’t feel like I can ever get ahead. I’m a solo parent and live in a very expensive city (can’t move for multiple reasons). I wish my parents had been good with money. I’ve had to learn some very hard lessons as an adult. I love this channel but I admit, it does give me a lot of anxiety.
    8
  11162. The elephant in the room is that the majority of people are over leveraged and living a borrowed life. Historically, a 7% fixed rate isn’t that bad. You don’t even have to look back that far. You briefly mentioned the real problem, which is people spending their future wealth through debt before it is generated. All for what seems like status and appearances.
    8
  11163. Just imaging nobody takes mortgages and have no debts. Life would be so much better and prices so much lower
    8
  11164. I worked myself through college and never had that much time to party but the last year I had to quit my job and managed thru Pell grants to finish. I saw a lot of people parting and doing drugs during that last year. How many of these people used the money for only College?
    8
  11165. I have the alert enabled when a payment crosses a limit and it's really nice.
    8
  11166. I'm in Pittsburgh PA and I'm getting out of landlording and selling my properties. The decay of basic morals has made it seem like noone doesn't have a criminal background. I'm over it. I don't need the stress and the hastle. The moratorium was a Shit Show.😅
    8
  11167. There is rumors that all of Silicone Valley is planning on moving to Miami. That would be kewl
    8
  11168. Completely random but I like car spotting in your videos. Always some nice stuff lurking in driveways.
    8
  11169. The great depression lasted almost 15 years. This one will see even crazier circumstances in my opinion.
    8
  11170. The 1929 depression they said that we would never have another depression and I don't remember why but we also did not have a deficit we had a surplus.... Now we have a deficit that we can probably never get out of .... Do you think it's possible that we will have a depression.,.. even though years ago they said it couldn't happen again...... If I had stocks I'd cash them in now.
    8
  11171. Orlando, FL here. Keep up the great content! Recently visited Colombia and found out 2/2 condos are going for $45k. Construction is exceptional there. Cons are you have to invest in ac and water heater. Seems that if prices are coming down in the USA, Colombia will follow.
    8
  11172. People are fleeing the high tax states and coming to Florida. After a good cat 5 hurricane they’ll be heading back lol
    8
  11173. Perfect video Michael! 👍🏼 Unfortunately we’ve had the same problem with Spring Breakers trashing our nature here in Austin ☹️ now I’m looking for a place to spend some peaceful time on the beach. And North Beach looks perfect for me👌 Fruitful blessings 🎉🍒🍌🍓🥥🍇🍉🥑🍍
    8
  11174. Exactly. Lived in NY for 20 years. In Sarasota now. Loving it
    8
  11175. So excited for you and your road-trip!! Freakin amazing!! I can’t wait hear the content and see the views! Thanks for taking us along I hope it’s sooooooo amazing!!! All the best!!!!!🎉
    8
  11176. I love this type of info, whether from FL or CA or elsewhere!
    8
  11177. I don't understand the choice to suffer your whole life being cheap and not enjoying things to maybe have money when you are old af on the off chance you don't die. Maybe I am crazy.❤
    8
  11178. Love this place, ill be there in June
    8
  11179. Interested to see how much things go down in 2023. Happy New Year!
    8
  11180. Unfortunately will always have those outlier situations where someone doesn’t make money on a sale buying at the peak then having a bad situation where the timing makes them sell at low time. But most home owners are more than fine. Also all the headlines calling for a crash have been saying the same thing for 10 years. I wonder when is the last time someone was able to predict the future crash of anything lol. I’d wait for when NO ONE IS TALKING ABOUT THE CRASH. Then we could expect one.
    8
  11181. That house in Ocean Shores has a window A/C sticking out of the front of the facade (LOL)........
    8
  11182. Wait until the economy gets really bad and their remote job will be given to people in India for 1/10 the wages. 🤣
    8
  11183. Michael,I am a 56 years old male by birth.i owned a house for 28 years. I cannot tell you how many sleepless nights I've had in those 28 years.the last 8 months is like something out of weekend at Bernie's for me.very few worries,if a hurricane comes no massive anxiety😅😊. Or someone like me in my situation, renting serves a self serving purpose.👍
    8
  11184. We are surrounded. Thanks again, Mike.
    8
  11185. Can you interview a person in this situation?
    8
  11186. It is not a good time to buy or sell unless necessary. If the rates stay about the same, it will take people a year or two to get used to the new rates and go back to "normal" home sell/buy activity.
    8
  11187. Hyperinflation will really be slowing things down.
    8
  11188. I was actually thinking about moving into a Mobile home just to save money and kill my debts sooner. But I don't wanna wake up with a broken glass on my car or come back from work with a broke in home. Maybe I'm thinking too frugal there. I didn't think that some "rich" people could live paycheck to paycheck just because of their spending habits. I learn something new everyday with your relaxing walks. I love this guy. 💙💪🏻
    8
  11189. Insurance companies remind me of the government. Tons of money in, then no accountability with spending and all claim they don’t have enough of your money, and need waaay more.🤨
    8
  11190. Great video Michael !!! Florida is awesome. 🔥
    8
  11191. Excellent video. Very useful distillation of informative, practical advice.
    8
  11192. As I recall, states like Ohio and Virginia already require sellers to disclose flood danger (requiring flood insurance). It sure seems like that provides really great protection for buyers.
    8
  11193. Dang two of my favorites in one episode. Get it fellas
    8
  11194. If you default on your loan for the wedding they repossess your wife.
    8
  11195. 0:19 special guest appearance?
    8
  11196. Is Florida a low price option for retirees any longer? Higher property taxes, HOA fees, CDD fees, very high auto insurance costs and high homeowners’ insurance, etc. My $500K home in New England has a $5,300 property tax minus $400 as a senior. Florida used to be a no-brainer option for a lower cost of living. Now we really need to do all the math to compare a few different states. Great video!
    8
  11197. You got it. The government never shares in the down turn. This is why we have such inequality in America.
    8
  11198. It's over, this video says it all, it took me several days to work up the nerve to watch this. Florida is becoming California and Hawaii from a real estate pricing perspective. I'll just have to freeze and die here in Ohio.
    8
  11199. I'm friends with an officer at a bank and she says that her bank is going to sit on foreclosures and not sell them except a few at a time so the prices don't get too depressed. In other words, even with foreclosures rising, inventory isn't going to go up much because the banks may very well decide to keep the artificial shortage going. With a bailout from the federal government guaranteed for any bank (because the banks and Wall Street own Washington DC), this strategy may be very feasible. We'll have to see how it unfolds, but I think this scenario is the most likely one.
    8
  11200. I love your common sense approach to living! I agree with mostly everything you say. I'm in Canada and our college costs are way less. But so many grants given out make it affordable. I have a business BA in Healthcare that you need to get managerial positions which l don't want. I'm a records technician at a local hospital. The government has made education so long and so complex and the system needs lots of money to stay afloat. It's very communist to make other people pay for someone else to get an education and l worked hard for mine. Sadly the government is behind most of these huge price increases every where and the middle class is being decimated by it.
    8
  11201. Now I’ll have to get some Culver’s tomorrow, one can’t resist such an urge
    8
  11202. Thanksgiving 2020 in Florida!!!!! (escaping Comifornia for 10 days) Praise the precious and mighty Lord Jesus
    8
  11203. Like your current reporting pf FL cost of living...at 70 I am exploring my options. FL is no longer a consideration despite a couple of family members who have moved there.
    8
  11204. RE markets in some areas definitely became an FOMO "crypto-bro" and "GameStop" fad, unsustainable with current mortgage rates.
    8
  11205. The airlines need to be put in their place. The taxpayer bailed them out multiple times, but they took the money and bought back their stock. I'll drive everywhere.
    8
  11206. Unless it is a (travel trailer), that is meant to be towed by a vehicle, the correct name for these set-in-place domiciles is: MANUFACTURED HOME or FACTORY HOME.
    8
  11207. I'm determined to move back to FL but probably north FL. I grew up in Dunedin/Clearwater and it was sooo much better than where our family moved, Gainesville, GA. All the people do in my town is mask up, go to eat and go to church. :( My mental health was so much better in FL.
    8
  11208. And imagine how many people are thinkin' to cancel contracts but with a financial loss
    8
  11209. I lost my a$$ back in 2005 and learned my hard learned lesson. I'm going to sit back and wait until at least 2024. I'm going to be on the right side of this bubble.
    8
  11210. The updates of the homes listed is a great idea. It will be interesting to see what happens. Thanks, Michael
    8
  11211. " THERE IS NO GREATER SLAVE, THAN ONE WHO THINKS HE IS FREE!!!!!"
    8
  11212. Michael thanks for the new guest, we love hearing from them.
    8
  11213. This sounds like: " Reparations " in disguise
    8
  11214. Great news
    8
  11215. I can't believe people still think they still going to sell. A 1000sq home still asking price is 270k.
    8
  11216. So glad you covered this. Of course it is something that I am considering. I have been enlightened by this video. Thanks.
    8
  11217. Hotels come with on-site staff. Love it!
    8
  11218. In 2008 I lost my home due to ARM I COULN't afford the new interest rate. I've learned my lesson.
    8
  11219. Nice house. Beware of crime rate, congestion from tourist seasons (bike week, college break, daytona 500, etc.) You should check with local Police for crimes in the area. Drugs, drugs, drugs. Volusia county has high taxes comparatively. Stay away from Holly Hill.
    8
  11220. The owners of these condos will have to take out loans to pay off the new special assessments. Maybe it'll add five hundred dollars to their monthly payment. They'll have to find the money from someplace or move
    8
  11221. I rented this year for one month in Anna Maria Island for $21K. The same house for the same period next year was increased to $35K at 66% rate increase! Bye Bye Florida!
    8
  11222. Most cash buyers build/bought homes in8-10 years ago cashing out equity in their homes then buying a cash brand new home in other communities. Some of my neighbors paid $700-800k in 2015/16 now selling their home for $1.6M-$1.8M and buying a cash once the remaining mortgage paid. It is happening everywhere
    8
  11223. Love a good inside video! I wouldn't mind them mixed in more every now and then
    8
  11224. Margaret was saying the right things. I know you’re a nice guy but I wish you asked her if she retired early because she had a pension from a government job. CA pensions are part of the problem and she might be apart of that problem. Sorry to call out Margaret.
    8
  11225. I love ClearValueTax, he gives the straight scoop (although he needs a better backdrop! 😉) Thanks for another informative video, Michael!
    8
  11226. 🎉🎉🎉 I remember about 5 years ago when I was looking at different places to invest in and Florida was always on my list of places I liked. Because it was so affordable. No longer the case. Thank you Michael for another great video. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    8
  11227. Hey Michael, just on the EV front for the battery it's always getting cheaper. People who had to pay out of pocket at one point may have had to pay north of 20k for a Model S battery. Now depending on the model, it could be between 10-12k. I still think we are pretty early in adoption and it's not something I'd recommend to anyone who couldn't absorb that cost if buying used. However, for many new owners you should have at least 8 years or 120k miles of warranty so it's possible that if someone does go bad outside of the warranty in year 10, it's very likely battery cost will be closer to 7k maybe even as low as 5k by then. Though I'd just keep in mind that it's likely as time goes on that batteries will likely last much longer on average than a typical engine. For now, I'd avoid buying if you can't charge at home/work/ or if your apartment has level 2 charging. Fast charing constant will put a lot of stress on your battery. Fine for road trips, not for every day use. If a car was charged at home for most of life (which typically means it was plugged in even when not charging) the battery will likely be in much better shape than one that was super charged once a week.
    8
  11228. Yes, Short-term pain (raise interest rates) is preferable to kicking the can down the road (increasing inflation).
    8
  11229. I click the like button on all your videos before I even watch them hahhaha because I always KNOW they'll be great. xo
    8
  11230. Very grateful to you for sharing this heartfelt video with us. God bless you and everyone in the Miami area.
    8
  11231. Wow.. THIS is a really good informative video.. We live in So. Cal and have been trying to find a warm climate state to move to. AFTER making a list and checking it twice, FLORIDA is our top choice.. We first started with Nevada, then Arizona, Texas, Carolinas, Georgia, And Florida. We also looked at taxes and if the state charges taxes on retirements.. Florida is good on taxes as well. THANK YOU, for this video..
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  11232. I think it’s brilliant that they’re making it a legal requirements regarding the maintenance fees etc, I know it’s going to cost home owners more but it Will definitely make HOA think twice about cutting corners and misusing funds/not keeping ontop of preventative maintenance. I lived in an estate previously and paid monthly HOA fees and they couldn’t even maintain the gardens properly and plant cheap flowers, ensure water diversion because our under ground parking would flood etc. when we asked for the yearly figures, budgets and maintenance plans there was always a delay and and excuse. There was serious mismanagement of funds going on and the incorrect prioritising of maintenance works. I’m not saying all places are this poorly managed but when you see the amount of work not being done compared to the millions they get in the year from fees, some places just take the absolute piss. Surely that building must have had a maintenance and building manager that walk around and take pictures and put plans in place. Where did all those HOA fees go? As little as they might be, they still do add up. You’d expect that degradation in third world, not in one of the most prune locations in a first world country. Shocking.
    8
  11233. Lithium batteries don't charge well when it is cold. All my Lithium power tools batteries need to be out of the cold to charge properly. That is why I wouldn't buy an overpriced undependable veichle!
    8
  11234. Forcing people to come back to work is to avert having to conduct a layoff. Some of these companies will probably have layoffs anyways. All those companies you mentioned are vulnerable in this downturn.
    8
  11235. Thx again Michael for another fantastic video. Can't wait for that 100k! Let's ggooooo!
    8
  11236. Interest rates are rising but prices in South Florida are not dropping. The real estate market is still inflated by at least 30%.
    8
  11237. GREATLY appreciate your honesty and interpretation of the data! It always amazes me how two sets of people can look at the same data, and draw different conclusions. I think you are looking-out for the common citizen, so believe your interpertation rather than believing the realtor associations/investment firms who's interpertations seem to be self serving for themselves
    8
  11238. I would love to see you take a walk through a more reasonable neighborhood. Great video, as always. Cheers.
    8
  11239. As an aside, I just read house prices in Beijing have dropped about 20% compared to last year at this time. So it appears to be a global RE correction.
    8
  11240. He is spitting facts … I bought my place in 2008 went under water right away and could not refinance unless I put cash into it
    8
  11241. Oh Michael .... it's not less and less people.... it's fewer and fewer people! The Queen just rolled over in her grave!
    8
  11242. Biden to the American people….”The economy is booming. Everyone has tons of excess savings.” 🚒
    8
  11243. I see people in Walmart all the time with shopping carts full of clothes, toys, and cupcakes. Trouble ahead for these folks…
    8
  11244. Have to say I prefer less crowded areas myself. Fort Desoto is beautiful and has wonderful beaches and less populated. Although I do enjoy live music and a cold beverage. I so can’t wait to live the salt life.
    8
  11245. I know my guy Michael is done with the BS when he referenced going back to the old law punishment, they'll think twice when hands start coming off so you still wanna be a thief. 😂😂
    8
  11246. Great Video.. love your horror idiot fist time buyer stories and how incredably stupid or clueless most people are of the markets.
    8
  11247. We like your walking tours. Keep doing them please. We understand it may be "out of your element" but relax, lolol, they're great. We feel like we are walking along side of you. :-)
    8
  11248. Yay! I’ve been hoping my favorite Florida tour guide would make it to The Villages!
    8
  11249. This seems a bit like a story where someone screwing up ruined it for everyone. If the Surfside condo hadn’t collapsed do you think this would have happened? RIP everyone who lost their lives in that disaster. However that disaster was 100% preventable, but instead a community of people decided to show extreme negligence across a number of years, even at some points ignoring cracks and leaking water in the parking garage of the condo, clear indicators of structural failures. I live in a condo now temporarily, but there’s a building mechanic on the team who’s checking for stuff like this on a weekly basis and following up. Their negligence caused a disaster and the entire community is paying for it
    8
  11250. I work 1/4 mile from work. So i can work from home or office without much commute.
    8
  11251. Great video. I'm in Illinois as well and let me remind you that 6 months out of the year the weather pretty much sucks. Cold or wet or icy or overcast for 10 days straight sometimes. So we dream and consider Florida a lot. Which is why your video gives me an accurate expectation. Thanks!
    8
  11252. Home prices are high, property insurance is high, property taxes are high, interest rates are high.....something has to come down.
    8
  11253. Buyers market 2023-2024 hold the line guys .hold the line SI SE PUEDE Gracias Miguel buenos videos as alway Merry Christman Man , & every one here on this video Cheers
    8
  11254. Michael keep up the great content bro! I miss South FL but like you said, the heat is getting too much in the summer☀️
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  11255. Great content Michael! I’m so glad I’m not the only one who feels like everything is so fake out there anymore. We became a nation of debt, and many people have followed suit. I can’t get myself to do it though, I’m old school and kind of refuse to be indebted to anyone…boy do I feel dumb though. I feel like I’m missing out on something but I do not miss being in debt.
    8
  11256. I'm always amazed at the price points you share on ;your walks. No way I would ever pay that much for any house. Why would you rent a place for $6K+ a month? I know you live in Miami; I've never been to Miami but been in Florida and never impressed. Flat, Flat, flat...hot, hot, hot.
    8
  11257. Unless you are going to live on the streets you are going to be paying either mortgage until it's paid off or rent. But this is just the beginning of you'll own nothing and be happy about it.
    8
  11258. More fantastic content. Thanks!
    8
  11259. There's always markets within markets. Numbers don't lie. Thx Michael 🇦🇺
    8
  11260. Mike, I love how Lissi just lurks in the background while you do the show. I keep waiting for her to push you to the pavement, grab your camera, and race down the street screaming, “YEEEEAAAAHHHHHH! IT’S MY SHOW NOW, MICHAEL REAL ESTATE PUNK!!!!”
    8
  11261. A 3 br house that was built in the 1950s down the street from where I live (SoCal - Riverside county) was just posted for sale for 775,000. The sellers have been there for less than a year and bout it at 600,000... Sad part is some idiots are probably going to pay it and makes me skeptical that these prices will never go down around here, really sucks.
    8
  11262. THE RENT'S TOO DAM HIGH!!
    8
  11263. I sold my rental property the day Brandon was placed into office. I knew he’d destroy our economy. Best decision I’ve ever made.
    8
  11264. In some industries, hiring remote workers is a way for them to hirer none union workers. Basically a way to get around the unions.
    8
  11265. Also, it would be interesting to see a video about co-op housing. Is that a thing in FL? My mother lives in a co-op in PA that is insanely affordable, everyone there, while not owning their home, seems to have a great deal of pride in it and it is very affordable. Additionally I know people here in SF who live in a co-op as well. Perhaps that is an alternative that can help separate housing from finance?
    8
  11266. America appears to be on life support!! Bad policies, customer irresponsibility, greed etc. etc. Very sick!!
    8
  11267. I love this!
    8
  11268. Stay strong against all the whiny people who either don't want to see reality or want handouts and try to guilt people saying they are bad people for not wanting to pay for other people's bad decisions.
    8
  11269. We are a high earner couple but we have no debt and live below or means… friends and colleagues give us a hard time. Ha! Jokes on them! Watching the market to pounce and pay cash for our next home.
    8
  11270. I can't believe the prices to rent or buy in Miami!
    8
  11271. Ban leaf blowers.
    8
  11272. I don't know if I agree with the language thing, I see the same issues here in California as well but its been years since I've been in Florida. Both places over cater to Spanish.
    8
  11273. I have an electric furnace. I never run it. You see, I live about 110 miles west of Michael. Although I do run the hell out of my electric AC for eight months.
    8
  11274. One of the few who posts on Sunday! ❤
    8
  11275. These commercial flippers aren't helping the situation. They are 95% of the problem. Banks are requiring them to raise their rental room rates so the banks have a good chance of getting their loans paid off. Problem is, nobody can afford these higher rates.
    8
  11276. I rather keep my sanity. I think we all come to this world alone and we should leave the same way we came or get used to the idea at least! 😂 Me too and I know what u mean even though I’m in a big city but I prefer to be alone. I don’t feel bad cause the majority now a days is single and alone. People can’t tolerate each other longer anymore (either is my way or the highway attitudes) that’s why relationships are failing and no more marriages going on 😂
    8
  11277. Florida has crocodiles in the water. That alone makes California more desirable and safe. But Miami imo has more attractive people and it is overall cooler 😎 california seems very superficial
    8
  11278. Come on Michael, you can get at $3.5M beachfront house. You can work from home.
    8
  11279. "We buy unnecessary stuff, and get into debt to impress people we don't like" - Anonymous
    8
  11280. I know a guy from NJ that just moved to st pete to retire, bought a condo and then the new HOA dues went up 40%.
    8
  11281. 🎉🎉🎉 it’s kind of funny how I get so many replies if I’m one of the first to leave a comment. Michael has a great channel and I hope that he continues to grow this channel and make some great money out of doing this. Thank you Michael (and Lisi) for doing these awesome daily videos. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    8
  11282. Can you imagine no lights at all ...pure darkness , wondering where you were, I just love those palm trees
    8
  11283. Michael, I really like your analysis, comments and videos about housing market and economy. Although, I have to make a confession. Sometimes, I just watch your videos to get some nice weather, sunlight and ocean view :) I think that partially explains why Florida is so expensive:) great content as usual. thanks
    8
  11284. The 10 treasurys seem to be hovering at 3.5% or so which transcribes to about 6, 6.25%. This would be high credit score 20% down. Historically this rate is fine and no big deal. The meteoric rise in values causing 300k homes selling for 500k makes the rate seem high. It's not historically but if your paying 40% more than the house was worth 2 years ago it is. I have not seen the types of declines in the purchase prices at least on average in the NorrhEast that would indicate a crash even though I think there needs to be a large correction. Given the normal appreciation used to be 3 to 5% per year, these homes need to come down 30% . As long as people continue to overpay to this digree they might get a bone here and there with a seemingly 30 or 50k reduction like it's a big deal. It's still 100k overpriced after that. Watch for forclosures and when there on the rise , they become comparrables which may start to drive values down.
    8
  11285. More inventory in 2024. A LOT more in 2025. Great stuff Micheal!
    8
  11286. I love your channel, but I wanna correct a few things: Pretty much any way you look at it, the job market in the US is actually pretty decent. The problem is not how many people are employed, the problem is that those who are employed are increasingly feeling hopeless and burned out as the cost of real estate and things like insurance are at record highs and people are still dealing with the effects of inflation, but inflation is coming down. The issue isn’t a lot of unemployed people the issue is people who are working hard and don’t really see the light at the end of the tunnel. That’s just my two cents.
    8
  11287. Maybe should be a federal insurance for threats of such magnitude.
    8
  11288. The lucky ones that have gotten a raise in this economy those companies already said there passing it onto the consumer so those high prices aren't going away..
    8
  11289. I believe Elon knows exactly what he is doing. Twitter will be better than it ever was.
    8
  11290. Never underestimate MOTHER NATURE.
    8
  11291. I love you videos because of your honesty and truth.Thank you 👍🏻
    8
  11292. Very specifically for the time during the pandemic, the chaos around Spring Break was amplified because Florida was wide open. So, with your freedom comes the consequences. The people who wanted to go somewhere didn't have that many choices of where they could go, so they ALL came here.
    8
  11293. In Central Valley California HOA’s can be from $300-$500 for a condo, way overpriced! ….And that’s monthly!
    8
  11294. Man, what are the odds. You're in California instead of Florida and you still have a hurricane on the way.
    8
  11295. But they must be really proud when they park that new car in there driveway, all the neighbours are envious. Lol.
    8
  11296. That was me who recommended Deerfield beach. I lived in Boca for 7 years and it was my favorite beach to bicycle to.
    8
  11297. Dropping videos like hotcakes bro. I made it out from California. Your videos were definitely an inspiration!
    8
  11298. Someone needs to tell gen Z that working is very conducive to accumulating wealth. That is how the baby boomers did it.
    8
  11299. "It's better to have a permanent income than be fascinating". Oscar Wilde
    8
  11300. Agents have to now only deal and list homes from sellers who are serious. They have to ask them why the are selling. Looky loo sellers will waste your time and give you nothing but headaches. Michael's story is a perfect example of this. Happened to me in the previous decade and it made me detest listing homes when things did slow down by 06. Sometimes you have to walk away from these sellers.
    8
  11301. The property tax bill for the white house is insane!!
    8
  11302. Modular can get conventional financing because it's site-built. Manufactured are mostly put together in the factory so financing is more expensive. A point or two.
    8
  11303. Oh my God ! This is a tragedy! How very very sad and terrifying. I ask God to send the Holy Comforter to every person and animal there . God have mercy . 💙
    8
  11304. People actually work harder when working from home. In the office you are constantly being interrupted by people just to chat. So actually people are more productive at home because of no interruptions and no grueling commute you have more energy. I think the push to return to the office is more so that the office buildings don’t sit empty imo.
    8
  11305. Also should be mandatory for the banks loaning money to first-time buyers
    8
  11306. Awesome info. Please post some follow up videos of day to day process of running a short term rental.
    8
  11307. Agree, the $780K seems overpriced compared to the one across the street, wow
    8
  11308. It seems that home insurance will be a big issue in Florida next year. Some Florida home owners have already seen a large increase in home insurance. It’s getting crazy.
    8
  11309. True.... even with the equity gains after you discount all the yearly home expenses , renting is coming out cheaper in the long run There is also no stress on whether : "Am I going to need to replace the AC this year, or the roof, or carpet/floor, etc." If those issues occur just call the leasing office. Home prices will have to come down a lot before they become a good investment.
    8
  11310. Michael you’re spot on with your predictions ,I will invest in Florida again but it’s not going to be for at least a year n a half I have a commercial complex up north and I’m working to keep all my tenants in place,like you said we have to keep what we have safe ,so stay safe my friend and keep up the great work!! George C
    8
  11311. You always have some usable advice. Here in Miami we are in la la land. I have a feeling that everything will be going down before this overpriced swamp starts to sink. Good for those of us who want to sell and buy in a rural area upstate or in another state. The Fed will be going back to QE next year, so the question will be, will it re-inflate the housing market or will the Fed's easy money be rejected and have a wholesale crash? I am hoping for the cold front this weekend, I have cleaned out my freezer and will be on the hunt for falling iguanas!
    8
  11312. Fire your realtor and get one like Michael.
    8
  11313. LOVE YOUR CHANNEL. Keep up the interesting info.
    8
  11314. Bless all the states that will be affected by this hurricane, we're truly facing difficult times. Great work, man. You take care out there!
    8
  11315. 11:32 I guess a good way to make this point would be to take the 2021/22 prices and plot a monthly payment. Then take nows prices and plot it. Eventually, it if was cheaper at some point the lines would meet and there's when it becomes cheaper. To prove it could happen, use the last housing crash data.
    8
  11316. Got damn my man pumps out these videos for the algo
    8
  11317. Hi Michael, can you do a Miami specific 2023 forecast for condos, single family houses etc.. Thanks
    8
  11318. I think the big tech hub in California makes some offers, perks and jobs more attractive in California. Add to that, relative ease access to Las Vegas, Grand Canyon give it an edge in this respect.
    8
  11319. Michael another great video, would like to hear your thoughts of how you could protect yourself with a custom builder?
    8
  11320. So glad to hear that the bidding wars are coming to a close. So disheartening when ho eat people who want a home, but are outbid.
    8
  11321. Love your channel buddy… Thanks!!
    8
  11322. This man’s mouth speaks truth and wisdom 👍🏼
    8
  11323. I can’t imagine how people with all this debt function. I make decent money and have no debt of any kind and I’m a little stressed about the state of the economy. I couldn’t IMAGINE having a $500k house worth $420k now, $9k in credit card debt, and a car payment… I’d be stressed out of my gourd.. 🤢
    8
  11324. Watching your channel makes me want to move to FL more and more! Hopefully I can make it a reality this year. ☺️
    8
  11325. Couldn’t agree more. I’ve been trying to tell gung-ho realtors for a year now that this was going to happen. They still don’t think we’ll go back to 2019 prices. It baffles me how they think?
    8
  11326. I just Love those Marina Areas. It always gives me these kinda Miami Vibes 😊
    8
  11327. Houses still selling like hot cakes in Los Angeles
    8
  11328. Parking in the grass is such a Florida thing 😅
    8
  11329. We need to start a drinking Game for watching these videos. Every time you hear a leaf blower or a parrot take a shot! lol
    8
  11330. On point per usual! Liked, shared, and subscribed
    8
  11331. It's the truth what you are saying, but I'm still terrorized by all of this. I have no idea if better days are to ever come again.
    8
  11332. Where I live , 20% is 160 - 200k or more! But I still 100% agree with you. I won't buy until I have at least 20% down AND interest rates are lower (because I don't want to pay thousands and thousands in interest in the first 2-3 years of mortgage!).
    8
  11333. GREETINGS FROM THE DESERT MICHAEL 🌴🌄🌴
    8
  11334. Great Video !.....Cruising the waterways is a Terrific Idea, Michael....Take care..
    8
  11335. I have only been to st augustine and I am dying to move there!! Absolutely beautiful,only thing,I went there in July 2018 and it rained every single day,but only for 45 min.
    8
  11336. That water goes way within hours
    8
  11337. The “ smart America consumer” got sucked into the greed syndrome.
    8
  11338. 40 years mortgage is one of the reasons why home prices will keep going up. A $300 lower payment will get anyone farther. If someone had struggled paying $2000 per month and now only have to pay $1700 on a 40 year. It’s gotten easy for them especially if they gotten a 40 year mortgage before interest rates went up. I wouldn’t want to pay a 40 year myself because of the higher amount of interest but people will do what they have to do to keep their house. $1700 40 year mortgage or $1700 for an apartment 1/3 of the size of the home. Oh, the apartment rent is going to keep rising and the $1700 mortgage is going to basically stay the same. That’s the reason why I don’t see the housing market crashing like people say it will.
    8
  11339. Great video, never clicked faster in my life. Looking forward to future content.
    8
  11340. Great show guys ! Keep up the great work!
    8
  11341. Tip 11: Find a sugar daddy / mommy. Ample supply in South Florida.
    8
  11342. The slower pace and being able to clearly hear and observe the environment during the walking tour brings that quality.
    8
  11343. Those plants are Seagrapes.
    8
  11344. Michael, thank you I really enjoy your channel. I am older, 68 but still full time employed. Been conservative financially and doing well. But my 3 children from 43 to 30years old are struggling even though they make over 100K down to 90K. The biggest problem is inflation, with prices up 2 to 3 times. That isn't 25% up , that's 200-300% up and it is killing their finacial security. The suits are motivated by money and investment in the current political class of very wealthy power brokers. The rest of us are barely getting by or losing ground fast.
    8
  11345. the space rent is the kicker. probably 1200-1500 in that area. you do not own the land underneath. you rent it.
    8
  11346. I'm kinda in the same situation as the guy in the email. I'm 26 I don't have bad or good credit I just don't have much established. But I'm very good with managing money I work alot of overtime at my job (that job does not pay 3x the rent) but like I said I'm extremely good with money and I save and invest ....I have about 50k in the bank also My question is could I go to a landlord and look for a 12 month lease and just offer to pay the whole 12 month lease right up front ? Or would it be better to look for a 6 month lease ? I plan to move to South FL in a year and by the time I do I'm going to have more than enough money to pay a whole 12 month lease up front in cash Do you think it would be difficult for me to find something
    8
  11347. I looked at Fla, SC, and AZ for retirement. I ended up in southern AZ. Sure, it was 113 degrees yesterday but at least it isnt humid. 🤣
    8
  11348. "Step in the right direction" is a good happening and word choice. So many don't want to be patient and realize that the best things might take time, even 2 years. What the non-lazy can be doing is hustling and improving their income.
    8
  11349. Michael you are right is not income tax, but we have some of the highest property taxes and insurance in the country. Income tax is only 4% to 8% depending on the state. Between the pricing of real estate, insurance and Property taxes that is way to high it make it worse that if I paid income tax. That is actually a fact. I prefer to pay income tax, then ridiculous, home prices, ridiculous property tax and more then ridiculous insurance prices.
    8
  11350. you are right. this remote work situation always happens. usually companies promise remote work and one day they all change their mind and say you either be present in the office or we have to let you go. Never ever trust remote work promise and be sure to write it down in your employment contract.
    8
  11351. If that number is truly legit, then all it means is inflations running closer to 6 or 7%.. Under reporting inflation prevents a recession print.
    8
  11352. I was just talking with 59 year old woman who I have been neighbors with. She just received her new auto policy. Only liability insurance because her car is paid for. 1420$ 6 months policy, 62% increase. Imagine what property tax and insurance will be???
    8
  11353. Second floor condos for the win. But that's as an owner. Make sure HOA has flood insurance!
    8
  11354. They never got out of high school or the sorority!
    8
  11355. Back in 2009, I just bought a house, then lost my job a few months later while my wife was pregnant. My hair turned from black to grey (like Michael 😁) within a month. I was off market for 3 months and found another job based on "luck". Yes, I spent 12 hrs/day to send out my resume and more than 100 resumes a month, for 3 consecutive months. I really felt you who lost their job near year end (holidays). All I can suggest is pray for luck like I did.
    8
  11356. I throw a handful of salt in the bathtub and imagine I live oceanside as I bathe. Keep in mind I keep a stack of cash nearby per I don't live oceanside! 😆
    8
  11357. In Utah 200%+ inventory YOY, my best friend says home loans are down 75% from the past 2 years. He’s nearly stopped dead in his tracks after such an amazing run. This will be as bad as 2008 for sure… esp since we kicked the can for 2 years. It’s gonna be bad!!!
    8
  11358. I'm a SINK. My wife and I bought our starter home in 2017, which has double in value, refi'ed in 2021 to 2.75% on a 20 year fixed, and I'll have the house paid off in about 10 years. When we moved in, taxes were around $2400 a year, now they're a little over $5k. Insurance is up almost double in a single year. Durham, the city that I live in, was VERY proud of buying their police force 200 Mustang Mach E GT EVs and said they paid a little over $80k each for them. They also doubled the salary of the city garbage workers when they went on strike and refused to pick up trash for a month this year, so we now pay around $10 per trash pickup. They gave the largest ever salary increase of 11% to city teachers (again, I have no kids so I literally get no benefit here), and I read in the city's annual budget that 57% of the tax revenue is going to the police because of the rampant crime we have in Durham. Durham had an annual survey of new projects for the city, and they gave a cost with each project. Cheap things they could have done to improve the city, like installing more lights in public spaces (always important when there's tons of crime) were passed over in favor of building expensive pet projects for the city officials like some hokey art display they wanted. We can't really do anything about it because of demographics, but I honestly think with the high taxes and misappropriation of public money to hokey pet projects instead of actually fixing problems with crime and infrastructure, Durham will look more and more run down over the next decade, and while I will have my home paid off soon, I don't see us keeping it long term.
    8
  11359. Def SoCal imo.
    8
  11360. Here in the land of future loonies of Denver, 5 high profile commercial office properties were just taken over by the lenders. These were class A properties, including the cash register building, for those of you familiar with downtown Denver. I don't get it bc there still is no residential property for sale so people somehow are still making their monthly nut.
    8
  11361. $84,000 a month!!!!!! LMAO
    8
  11362. Did that yellow truck in the driveway at 20:47 say Apocalypse 😳 Thanks for your consistent & relatable content! Your delivery is refreshing even while talking us through these tough times 🙏🏾👍🏾
    8
  11363. The place I was renting from was 2600 per month but I also found a better deal. I offered the current owner to renegotiate the rent price before we signed the new agreement with someone else. He declined without knowing the current market. He listed his house on the market and he doesn't have many showings. And he lowered the price in the rental ad by 150 dollars.
    8
  11364. That isn't the type of water where gators typically hang out. If you wanna see gators go to some freshwater spots.
    8
  11365. Hey Michael! Thanks for all your honest reporting! Keep up the great work!
    8
  11366. 34% of all sales nationwide are cash buyers? WOW!
    8
  11367. The same thing is happening in Texas.
    8
  11368. 6:45 The states you mentioned have seen some of the highest increases in cost of living increases (so it makes sense, people are forced to put daily expenses on credit cards). Increasing credit card debt usually means a person is over extended and once they can no longer borrow or make the minimum payment that's when auto and home payments start to go delinquent (i.e. a repeat of the 2008-09 housing bubble).
    8
  11369. Mike, you can cancel your insurance on the Camaro. When you cancel the insurance you have to just surrender your plate to DMV. They just don't want people driving without insurance.
    8
  11370. What a collab
    8
  11371. You should listen to Jerome Powell’s speech at the last federal reserve meeting. He’s raising interest rates to help first time homebuyers get in and said, “there will be a reset.” Soo.. I think a lot of homes are about to flood the market imo starting next month when they do another 75 bps
    8
  11372.  @MichaelBordenaro You're right, but we can still make something of it. You're my age, close enough. We own homes. If we can do it, they can.
    8
  11373. Michael Bordenaro as another comparison, I have to replace my windshield. Safelight wants $359 here and is $249 in the Tampa area. You can plan on paying 30% more on many things in CA vs FL.
    8
  11374. This was one of your best ones yet Michael. Real facts...not negative...reality. I think it's almost inevitable that the ever-increasing rates cause an overcorrection because of the inherent lag. There's gonna be a hurtin' in 2023 and lots of opportunities for those (edit: from this) with cash at hand. Rates will continue rising until we get 'enough' job losses. The problem is with soo much money being pumped into the market for such a long time (I'm not just talking about the pandemic) it's probably going to take a long time for consumers to burn through it.
    8
  11375. Michael keep up the good work.
    8
  11376. Inflation is a retiree’s worst nightmare. If they can’t draw more each year to maintain a decent lifestyle, it won’t last. Social Security won’t exist for most of us.
    8
  11377. The small extra little room is called”The Florida Room”
    8
  11378. old home home can be like an old car. constant fixing.
    8
  11379. Thank you for the vids. Been watching for a long time now!
    8
  11380. I took my house off the market cause I realized I missed the party, and the day I did, I had every real estate douche bag agent blowing my phone up I’m sure Zillow and Redfin are selling all your personal information for lead generation.
    8
  11381. One way to control insurance premiums is to increase the deductible. That is what I did and it really dropped my premium by quite a bit. I have a $2,500 deductible now, instead of $500.
    8
  11382. For those already in a condo, beside the cost of renovation there will possibly be years of renovation. Do you want to go through the noise and inconvenience?
    8
  11383. Lower home price is better Than low interest High interest you could always refinance Higher home price you stuck for the life of the loans
    8
  11384. Michael, you are doing a great job. I can tell you know what you are doing. I respect your work. I am really enjoy watching ever clip you create.😀😀😀
    8
  11385. burst baby burst!!!!
    8
  11386. It’s not an “affordable housing crisis”. It’s an affordable city crisis. Plenty of great deals in good areas in may places outside of these vastly over priced over hyped cities like miami.
    8
  11387. CNBC said the greatest wealth owning group is women over 60 who have real estate, savings, stocks and retirements of their deceased husbands. Look it up. May be a earnings gap but not a wealth gap.
    8
  11388. it's 34 degrees here in Ohio. I'll take cloudy. I'll take Florida gloom any time.
    8
  11389. You've probably saved a good number of people from making a big mistake by moving to Florida Michael. Thanks for being an upstanding guy. Need more people like you in this world.
    8
  11390. Evicting people is easy unless they are squatters. Takes an act of God to get them out of illegally occupied homes.
    8
  11391. Two of my favorite YouTubers in one video. Is this a dream?
    8
  11392. you have really supportive subscribers, like it was uploaded 3 minutes ago, like 5 comments immediately and about 156 views. I think its not the fed's ability to prolong the onset of a recession, it's more of an inability to cause it anymore, previously they hit a rate rise and recession in about a month now they can't even get one if they wanted. and I think they do want it.
    8
  11393. The great crash!!😃
    8
  11394. It's gonna weed out the deadbeats
    8
  11395. Interesting to see an orthodontist’s take. I work at a Dental Laboratory in California.
    8
  11396. Every time I see one of your videos I can't stop thankin' JESUS! Believe it or not (its up to you) , I am TRULY BLESSED. Placed the burden of "moving" - and downsizing - onto my Lord. :) Started making a list of what I wanted, (even got things that I didn't even take into consideration) and my humble condo is A1 in every aspect! We have a GREAT board and yes, I am on the board. We're on the water. We're all on top of things, we don't procrastinate with repairs and we treat our fellow neighbors with respect and kindness. Most importantly, our financials are excellent and we're a small association (20 unit owners) on probably the smallest "property line" in the village. It IS possible to find something that is affordable in Florida you just need to be patient. P.S. I "tried" retirement....it drove me nutz...back helpin' the family biz and that's okay with me. :) P.S.S. Don't get me wrong....Jesus is NOT a "magic" genie...if its meant to be (i.e., move)...its meant to be.
    8
  11397. Three years ago I moved from Colorado to Lexington, SC. I never expected to see a housing boom in a small area, but prices have been crazy. A couple of months ago the builders decided not to talk with people. You could no longer go into a model and pick out upgrades or even a lot. Instead buyers had to put their name on a "VIP" list. Once the houses were started buyers were sent an email saying they need to set an appointment to be considered. All upgrades and colors were already picked out. Don't want a fireplace or tub in the bath..too bad it's included. If the buyer doesn't like it the builder has a line waiting that will settle for what is offered. Once things started to slow the builders were suddenly in the model homes and would answer phones. Pretty crazy. McGuinn Builders here has sold their entire inventory including lots that have yet to be built on to an investor who is renting the new homes. Too bad for people that bought in the new subdivision that will be finished off with rentals.
    8
  11398. Living in Florida myself, I really think a huge problem here (which you have addressed) is homeowners insurance. What will banks do once people can not get insurance? This surely will have more homes on the market if this isn't addressed. Of course the ones who have bought for cash and do not HAVE to have insurance are going to be the winners. What are your thoughts?
    8
  11399. Ask the family members of the people who lost their lives in the Surfside disaster..if this Bill is worth it...I love that our governor of Florida is keeping these condo owners honest.. we're not keeping up with the Joneses and the Smiths in these other states if their governors are waiting for a disaster to happen . it's not where it will happen 🤔.. it's WHEN!!!
    8
  11400. Condo hotels strongarm you into joining their "hotel program" in which, yes, they take a big chunk of your revenue. In return for this, they basically don't charge you for monthly HOA fees (the Hilton unit featured at 6:00 is no typo; HOA is only $15/month if you join the program). But joining the program also means that you can only occupy your unit for XX number of days per year, and only XX of those days can be during the high season. If you opt not to join the program, you will pay at least $1200/month HOA for a 1 BR unit. Condo hotels are everywhere in SoFlo, especially along the beach. If you see suspiciously cheap units in a desirable area, chances are that it is a condo hotel. I think they are tougher to sell because they aren't great investments and you don't get to live in it full time if you are in the hotel program.
    8
  11401. Never have the bank pay you to buy a house it's a scam
    8
  11402. Yeah, everyone that knows I'm moving to Florida talks about your house will either fall into a sinkhole or destroyed by a hurricane. Im not specifically scared, but would definitely prepare as needed. You gotta be 🤓 smart. Thanks for another great video! Stay dry and safe!!!
    8
  11403. So good to see Venice cleaned up 👏🙏
    8
  11404. In 2010 my interest rate was 4%. In 2015 my interest rate was 2.67%. In 2020 my interest rate was 2.1%. I have been paying down my mortgage as much as possible. In 2025 I will pay off my mortgage. I live very frugally so I can be mortgage free in 2025
    8
  11405. The whole country will be gentrified if this trend continues. 😔
    8
  11406. I like that you are doing more videos on Daytona. With you traveling all around Florida it gives us a good perspective. We are looking to build a house in Daytona but had reservations because you see tons of people saying Daytona is nasty. But when I went there, expecting the worst, I found I really liked it. To me it felt more Florida keys old Florida then you would expect. Much different then south florida. I like that laid back lifestyle. And sure Daytona boardwalk area can be crazy when they have major events - but what place wouldn't be with that many people hitting it all at once. Thanks for the continued real perspective on Daytona.
    8
  11407. Thanks, Michael! I’m diving deep into improving my Chef skills to save on the grocery bill. Always asking myself,” why didn’t I do this sooner?”
    8
  11408. I've lived in San Diego since the mid 90's. Wouldn't want to live anywhere else. Florida is pretty nice and all but I don't think I can take the humidity.
    8
  11409. Those homeowners in the flood zone should take the buyout. Having written that,. If you live that close to the water, your house should be on stilts.
    8
  11410. I've maxed out in my hometown and just had the worst heartbreak of my life so far. Going to move away next year and start over after I heal.
    8
  11411. Michael, I hope that you reach 100,000 viewers the next couple of months. 😁✝️👍. I believe it is achievable!!
    8
  11412. Was thinking of moving North but winter came, and I changed my mind.
    8
  11413. I've always described Miami as the best place in the world and worst place in the world all at the same time. I really liked it overall, but yes, driving there is horrible. It's a culture clash of spastic northeaterners on their horns and Central and South Americans who never learned any rules of driving. Just stay off the road and it is pretty great.
    8
  11414. Hey Michael, I am a resident of PCB & have lived here most of my life so I enjoyed your video. Traffic isn't always that bad lol. It's honestly very peaceful once season is over. It definitely gets ridiculous around Spring Break & summertime but it calms way down once school starts back around August. We have something called bike week, thunderbeach twice a year where bikers come from all over the world to here for a week so that's what you ran into. Hurricane Michael unfortunately did tons of damage here two years ago 😕 especially in town near Callaway, Tyndall Airforce Base & Mexico Beach. Alot of my family & friends lost absolutely everything, some had to move away. I reside in Inlet Beach now (Rosemary beach) & it's absolutely beautiful here. It's so calm & peaceful in my lil neighborhood. Not very much crime, safe, friendly & just great vibes all the way around. The further west you go into Rosemary, Seaside, Blue Mountain area the more beautiful it is but definitely more expensive. I used to live in Seaside before I moved to Inlet Beach & it was so nice but the traffic on 30A is overwhelming. Sandestin, Destin, Ft. Walton Beach are all nicer areas in my opinion too.
    8
  11415. Great video Michael, it hits home with so many people 🙃🙂
    8
  11416. Two things that would NEVER make me ever move to CA: cost of living and EARTHQUAKE, . I live in Florida, you can run from a hurricane and prepare, but you can’t run from a earthquake!
    8
  11417. 106.7 the recession 😂😂😂
    8
  11418. South Beach is dangerous after dark nowadays.
    8
  11419. Great video Mike you should head down to San Diego County weather is paradise.
    8
  11420. I spent a lot of time vacationing in Florida and California. We all can agree that California has better climate, Florida has better beaches and lower cost of living. Atlantic ocean water is warmer and has better sandy beaches comparing to cold water and rough Pacific ocean. High cost of living in California is forcing every year more residence to relocate to Florida:however, I am afraid that an average Californian will not like to live in Florida, mainly because of the climate, culture and job opportunities.
    8
  11421. I have lived in South Dakota my whole life and the prices of them are going for stupid crazy! And people are paying these prices! My of them are asking more than double what they paid for them 4 years ago! Even some that bought 2 years ago are asking close to double! And people are paying it! I hate it cause its driving up the prices of all of our property taxes now! This state is starting to get expensive now! :(
    8
  11422. Zoning is going to prevent this in many instances.
    8
  11423. No offense Michael but most realtors are parasites. Sellers can list their own home and use a real estate lawyer and if you are buying get pre-approved, you can find a home on your own and again use a lawyer. Thanks Michael and Happy Sunday!
    8
  11424. “That's why they call it the American Dream, because you have to be asleep to believe it.” George Carlin Be patient, the bargains will be abundant.
    8
  11425. I’m in pompano beach, right on the intra. Love it. Walk over the bridge to the ocean.
    8
  11426. Love your channel and content. Great work. I'm in northern Maryland near the PA border and currently have my house on the market since last Saturday. Have about 180k in equity and fielding a few offers. Not a crazy amount and nothing far over asking but better than expected I guess. I'm hardheaded as can be. Between what I would make from selling this house and unrelated savings I could conceivably pay cash for one of those beachfront condos you recently highlighted. My mental block is the condo fees associated with each. Could you please explain to this hardheaded person how it makes sense to pay never ending monthly fees for a condo with probably many restrictions on what you can and cannot do? I don't believe I will have sellers remorse but I'm very uncertain about my next move. Definitely not looking to upgrade.
    8
  11427. We own both. It really helps if your county requires footings to place them on. In our county in AZ. They don't, and the houses move which causes issues In some states they depreciate like a car. And you can't sell it if the "tag" Vin on it is missing. Do your homework before buying 😊
    8
  11428. Very informative as usual. Always excellent content! Question for you: would you hire a notary to read through the fine print or a lawyer?
    8
  11429. Offerpad just reported their Q2 results. 22.3 million net loss. As of June 30th, 2023 they have over 200 million in debt, 115 million in cash, 211 million in real estate inventory. If they keep burning 22 million a quarter, bankruptcy by 2025 is my guess. Maybe 2024.
    8
  11430. The agents I have used over the years were very competent and ethical individuals. I was fortunate especially in my first buy to have a good ethical and knowledgable person to give good advice and steer me in the right direction.
    8
  11431. Hard to beat those developers esp if: 1) they claim they will put the land to a "higher use" and 2) if they have connections with the judge (wink, wink).
    8
  11432. That was a nice area you walked today, lots of vegetation. Sorry but nobody told those remote workers to move such long distances.
    8
  11433. The place I rent right now in Boise ID, the price for a new tenant is $260 cheaper than what I am paying now. It's crazy.
    8
  11434. You're missing out on the rain and flooding in Miami.
    8
  11435. My two favorite gentlemen that keep it brutally honest!
    8
  11436. God aint making any more land .As land gets to be less housing will always rise period no rocket science needed !!
    8
  11437. You’re throwing down some excellent content. Girls, avoid a man looking for a purse or a nurse! 😊
    8
  11438. It's not a home for sale it's a removable rental!
    8
  11439. I don’t like writing checks for all those reasons you gave, mostly because it has your account and routing information right on there for everyone to see. But more and more businesses, like my plumber, are charging a fee up to 3% to use a credit card. So sometimes I have to.
    8
  11440. My son used to want an El Camino. Now he says he wants a corvette. I told him he’d better get a good job!
    8
  11441. I’m closing on a house in Jupiter in about 15 days. Will keep my NY place as well. People are looking to park their money somewhere as an investment, everything else seems a bit too risky. At least a home will always be worth something. Also, homes will NEVER crash, they’ll just go back to their normal levels where it takes a month or two for a house to sell. This is the way it used to be prior to covid. It’s not crashing, it’s just going back to normal. On a side note, as much as I dislike New York some of their things make sense. Some towns have banned gas leaf blowers, you have to use battery even the landscapers. This would help you while shooting videos!!
    8
  11442. It says "salesperson" on the license. Buyer beware. No sympathy for these buyers who bought recently. We had a crash before and it's like that crash was 150 years ago and not 15 years ago; a very short memory span for many...In my state, it is cheaper to buy than to rent in Cumberland, MD. No jobs there buy if you can work at home full time, not a bad spot; there are mountains and halfway between Pittsburgh and DC. You said Baltimore and I can see that(only in the city limits though).
    8
  11443. We just got a 1k check from Open door, but I will say we must have gotten lucky with them. They offered us 5k above what comparable houses in our neighborhood were going for in phoenix. The fees were slightly higher than what we were quoted if we went traditional. That said, we sold to open door because our house had significant foundation issues (over 20k quote in 2016), so there was no way we were getting market value or slightly above like their offer. It was the best option for our situation. We figure they didn’t care about the foundation because they were holding and renting it (which they still are) or someone messed up. Btw we had no idea there was a settlement. We did not opt in. We were just sent a check. I was happy with our sale.
    8
  11444. This is so sad. My heart goes out with the families. Buildings very close to the beach are prone to structural damages. Search on YouTube for “prédios tortos Santos".
    8
  11445. I can't believe people didn't a while back say enough is enough we're not buying these houses at these prices and that would have forced the prices to come down by default... But no people have to chase after the FOMO
    8
  11446. I look forward to seeing Zillow's next revision.
    8
  11447. Great video! Thanks for taking the time and showing us Sanibel island. 🏝
    8
  11448. I own a service company and I have held off raising my rates but January 1, 2023. I’m going up 25%.
    8
  11449. What we all have to do is offer 40% less of asking price or offer 2018 value. Whichever is the cheaper. This is the only way to bring real estate back to reality. Housing in my area (Cali) has increased, in a lot of cases 450k in two years.
    8
  11450. You mentioned "common sense". Another YouTuber came up with a great quote--"Common Sense Isn't so Common Nowadays."
    8
  11451. We professionally installed a new high quality wood stove, BAM, now disqualified from home insurance.(although we have a fully functioning electric furnace) My biggest concern is a tornado. My future is downsizing to whatever is affordable.~Missouri
    8
  11452. "The experience in a lot of things is just not as good as it used to be". Right on. The fact that so few people are upset about this fact and/or don't even notice speaks poorly about our species in my opinion.
    8
  11453. Join the military for 4 years and buy a house with the V.A. loan.
    8
  11454. I literally make about $4 dollars more than I did in 98. I used to about 10x that much in 2006. 2008 everything went away.
    8
  11455. As a retired stockbroker…when we did a transaction for a client there was a fee paid by both the seller and the buyer of any particular exchange traded security….and for dollar amounts potentially much larger than houses…
    8
  11456. People should remember that housing crashes last for years, after the GFC hosuing prices bottomed in 2012.
    8
  11457. Michael, in 2021 Open Door bought our far northwest Phoenix 1,400sf townhome for $200,000+ more than we paid for it ten years earlier at $110,000. I understand they sold it for what they paid us.
    8
  11458. Good to hear youre prepared also. Sound advice and another great video update.
    8
  11459. Bro you been talking about remote work was a trend and there wasn't a shortage in houses since 2021. That is why I subscribed and watch every video. I remember all the hecklers you had but for some reason there aren't nearly as many now. Love your channel.
    8
  11460. Inflation is good for owners and really bad for buyers. I’m looking to buy now as a first time homebuyer and my impression of the real estate industry and market is not good, though you generally have no choice but to deal with it if you want to own a home. You’re looking for a place to live that you enjoy and everyone else is looking for an edge to make as much as money off of you as possible. One thing that’s particularly annoying is that you need a real estate agent to view properties unless there’s an open house. I understand the value in real estate agents especially as a first time buyer because of their knowledge of the rules and laws of your area and of your rights in the process, and because of their knowledge of the process of submitting offers, but it makes no sense that you need a real estate agent just to view properties. You should be able to do so on your own time by contacting the listing agent even if you’re working with a buyer’s agent. You can do that anyway when you go to open houses. You can end up losing out on a home that you like because of your agent’s availability.
    8
  11461. Need a T-shirt 106.7 RCSN
    8
  11462. $5000 per month is $60K per year!😳
    8
  11463. Getting older has some benefits where we live. When I turned 65 our annual property taxes went from $3400 to $560 on a $250K townhouse style condo. And, free permanent vehicle tags for one vehicle and the travel trailer…..and free/permanent hunting/fishing license.
    8
  11464. I literally had to make sure this was your video that started auto-playing while I work since it sounded a little different than your usual LOL...BUT I really enjoyed it! The timelapse with music at the beginning was great and I also loved the ending. Honeymoon Island looks almost untouched and very naturally undisturbed. That white sand, beautiful! <3
    8
  11465. Last crash nationwide decreased 27% in a few year span. If we hit 20% more now within the next 2 years, from the evidence so far it is doable, that will easily surpass the last one. Plus short sales and foreclosures haven't even started yet.
    8
  11466. THIS is just the beginning ... wait till next year
    8
  11467. Love your videos, keep up the great work
    8
  11468. Nothing wrong with negative. Better negative and prepared than positive and unprepared. Too bad for the 'positive' babies, or these sick optimists.
    8
  11469. Hottest real estate markets are all up north. Thank goodness. Florida got too full and too expensive way too quick.
    8
  11470. This is going on nationwide not just in Florida. Massachusetts is having the same issue except worse. People are offering 50 to 100k over asking price on houses. Locals have been unable to buy new homes to this happening Mostly people from California and NYC. It is what it is. Eventually things will correct
    8
  11471. Having a high car payment is not bad under the right condition. I have a 700/month payment on a Subaru Crosstrek. 36-month term @ 1.74 APR. My saving account gives me 3.75 APY. I put my 30K in there (money I would have used to buy the car in CASH) and get around 87/month in interest. So I actually got free money to finance my car. In a year I will pay off the entire interest cost ($737). A better scenario if a dealer allows me to pay for my car with a credit card.
    8
  11472. Wanted to say thanks, I’ve invested our May 2022 home sale profits into short term Tbills after you mentioned it a few weeks ago Now renting & waiting for the housing market correction if it comes to get back in on a smaller house here in Sac. Not a lot of buying or selling here.. location Is a big part & nobody is feeling the pinch here
    8
  11473. A friend had a house with a leak under the house and had such bills.
    8
  11474. I wish you would do a whole video on the car market, esp used trucks. It’s outrageous!
    8
  11475. I can't help but wonder how much equity people in Miami have in their homes, that they could actually sell their homes or would want to sell their homes at a loss.
    8
  11476. That YouTube you met is one of the big reasons why I got so into miami. He makes great great quality videos
    8
  11477. I keep telling my tenants, renting is a luxury, is nice to just text landlord with whatever issue came up instead of having to deal with it , my 20x40 storage is full of tools and materials for property upkeep , my day plans changes in a snap only with a text
    8
  11478. Flagler is actually a hopping place on weekends with lots of young people surfing and swimming during the summer. place can get packed.
    8
  11479. Home equity is meaningless to me until I sell the dump to the next greater fool!
    8
  11480. The plaid is refreshing
    8
  11481. How's your week Michael? Can you please do a video on studio and 1 bedroom apartments? for us single peeps haha
    8
  11482. Lots of empty commercial properties here, lots of Station Casinos shut down. Vegas is in big trouble
    8
  11483. I don't need my larger home in the Portland OR area. But between my low interest rate and capital gains tax if I sell..I'm staying. Not worth it financially to sell.
    8
  11484. I'm hearing about potential for an even worse crash this fall...what's your take on the market in the next 6 months, and if it does tank, does that change your outlook on buying?
    8
  11485. I like how you get the point. I was thinking about moving to Florida but I'm not sold on it yet either. These videos help.
    8
  11486. I can't imagine paying these rental prices out there today. A friend of mine is paying $2700 a month in PBI for a 2 bedroom on the third floor.
    8
  11487. Regarding moving overseas: "Grass is greener on the other side." ~ Ovid
    8
  11488. Foreclosures don't cause a recession. Unemployment does. A bad government can cause all of this by restricting oil production. Energy costs feed into EVERYTHING and will turn our good economy around fast. Just watch.
    8
  11489. I have to say, I was born and raised in Florida and I just don't see the draw except for at the height of things when people were trying to get to "free" States. But now? Why? Homes are WAY overpriced. Florida used to be a place for elderly to buy a "cheap" house and retire if you were so inclined, now a cheap house is 500k! Taxes, Ins. and wow, expensive!
    8
  11490. Lady in st Augustine home insurance went from 8800 to 36000.
    8
  11491. Great news that a lot of sellers are trying to help people who truly want a home, buy their home, and not just selling to investors offering over and above money!
    8
  11492. Same thing happened to me back in 2008. The mortgage company collapsed, some govt agency (not Fannie Mae) took over the servicing for a couple months, then they passed it on to another mortgage company. Suggest you watch your escrow closely, because companies manage escrow differently. Also, surprised there is a penalty for mortgage payoff, that's illegal in many states.
    8
  11493. I like the bad news. Valuations are way too damn high. Hoping for a big crash! In about 4 months year over year prices will be waaay down; Hurray!!!!
    8
  11494. Yea it is totally out of control in CA.
    8
  11495. Meat is a bullet here in Ohio. Deer squirrel rabbit fresh fish turtle . Just time to catch your food.. my family is odd .. but food . Is under 50 bucks a month for a family of 5..
    8
  11496. These homes are huge liabilities...not even a good investment. The cash flow out is high and getting higher. People are getting r*p*d by property taxes, insurance and maintence in these hurricane alleys.
    8
  11497. People buying right now will have buyer remorse in the next few months…and the seller is smiling towards the bank! 😅
    8
  11498. I am leaving my home, then my country, get a really hard dark tan come back a month to five months later and cross the border with no identification then get assistance and squat in my house! Refuse to pay myself rent and collect from Biden😂
    8
  11499. Whoa! Telling anyone to lie on a contract is insane. You are guaranteed to loose everything you put in to this. Crazy. Also, today the WSJ (I read on Apple News+) had two articles about lending problems in the currently unusual finance environment. One was about people with old 2nd mortgages or HELOC loans they had not been paying, and the original lender sold them to, basically, loan sharks, who years later come to collect. Meaning repo your home. The other was more about how no bank, and now even third party investors like Black Rock, is in a position to refinance commercial and rental property loans. Two more potential sources for home and apartment foreclosures coming up.
    8
  11500. I think we will see prices much lower than 30%!
    8
  11501. 17-ft crocodile with those kids in the water…geez. My husband is from rural Mississippi where apparently they learn young how to wrestle alligators. 🤔
    8
  11502. Thanks. I had envisioned zombies getting exhausted from hobbling after victims with little return, and that many began operating their own businesses. But now they too, are under the risk of the global debt bubble.
    8
  11503. Well there was that man that was swallowed up in his bed in Tampa yrs ago. That’s what scares me.
    8
  11504. 3 BR 4th Fl Condo in a 30 unit building I live in went for 850K.Sold in 2 days!
    8
  11505. I'm glad I did the RV thing for 10 years before all this crap hit the fan. I'm sure those RV lots have doubled in price too! And with the fuel prices high too, it just wouldn't be fun anymore.
    8
  11506. Brilliant episode, scary storm is coming. Thanks Michael
    8
  11507. Just pay it. Remember when your agent sold you on a “ lifestyle” when you bought it. You’re living a lifestyle!!! Enjoy!
    8
  11508. Really nice! I like anything with "Island" in it, involving a boat! I'd be on a boat every day if I could, and could take a day trip on a Ferry every day! Now I'm skipping to your A1A tour from Surfside to Sunny Isles. Art deco. That's our style. A dream would be to find a little Art deco building tucked away on a quiet street, with a little garden courtyard for the little dog, close to a beach where he would be welcomed. We pick up after him and respect where we are.
    8
  11509. Ft Myers is a great town. Lots of night life on the weekends. The beach can be a hassle to get to during the winter months. very affordable.
    8
  11510. $1500 a month on the beach in Ft. Walton Beach is amazing!! My first trip to FL was Memorial Day weekend back in 1987, and we stayed at a condo in Ft. Walton Beach/Destin area. I fell in love with the FL Gulf Coast, the second my eyes saw all the beautiful white sand dunes. Being from podunk mid Missouri, never having seen white sand b4, I first thought it was snow, lol!! Over the years I made several visits back to the Gulf and kept going further south down the coast each visit, until I discovered Ft. Myers Beach and I was hooked. There's something almost sacred about walking along that beach in the moonlight. I've heard some people complain about Ft. Myers Beach, but I don't have a clue what they're complaining about. I mean, wth is there to complain about with a beach town that has a small town feel to it, and a white sandy beach & turquoise waters directly out your back door?? Then again, I always went there after the tourist season, so it was pretty quiet all in all. I'd imagine during spring break, it might not be so quaint.😜 Sorry to ramble on so, but I really appreciate your videos and wanted to say a special thanks for the trip down memory lane! Much love & good favor from Mid MO ❤️🍀🌴🏖️👙🕶️👣🏝️. PS if it's possible, it'd be nice to see you do some vids on beach front single rooms or condos for a week or so. Just a thought. Thx again!!🌴🌞
    8
  11511. BTY look at the size of Americas…maybe we are eating too much
    8
  11512. Hi Michael. I hope you’re day, I guess night by now. The point you make about San Francisco is part of the reason you continue to see prices by you go higher. From what I’ve been reading a lot of landlords are considering different states to go to and get out of the states where the laws are out of hand. They’re also targeting states with no state income tax. Living in Vegas I worry all the Californians will move here and then lobby to make our laws more like them.
    8
  11513. I have a friend who is in this boat with regard to her student loans. She makes $165,000.00 a year, but pays the minimum on her student loan, thinking Biden is gonna excuse it. The things she spends money on is astounding!
    8
  11514. Those high frequency tick noises you heard are most likely devices to keep certain animals away, as they can hear those frequencies; whereas, we normally don’t…
    8
  11515. Good Vi'deo Michael - I think your Real Estate advice is very good especially for your first times buyers. I too understand why they're tired of waiting any longer to buy their first home. All of those reasons you gave are very reasonable. I just hope they can hold off a little longer and that the market will bigger breaks downward. I wouldn't want to see them a bad case of Buyer's Remorse if the markets fall say 25% in the next year when they paid big at the highest rates.
    8
  11516. Don’t listen to them. You’re doing a great job stop it. Don’t let them get here.
    8
  11517. I am a supervisor at a discount retailer and I make $18/hr. The fact that someone who isn’t even a manager at a fast food restaurant will be making more than I do, makes my blood boil. This whole thing in California is out of control
    8
  11518. Remote work is here to stay and people might have to go back and not but when they will continue to look for remote work the employers are out of their mind in this old style stagnant thinking. You know if they sign these long-term leases and can't get out or buy them out or it's attack right if that's on them yeah sure they can go overseas like they've been going overseas and selling out the American jobs for years and years but many of us have been remote for years. Why wouldn't you want your employees happy to be more productive as it's been proven and you can give them higher salaries because of this nobody there the end of the commercial real estate market is done.
    8
  11519. I visited here a long time ago around 2003. They were propping it up to be like the blue lagoon 😁 The nature was beautiful no doubt. I was disappointed with the water though. It was that mud brown bay type water. Which spooks me out with the sharks down there..lol Either way I enjoyed seeing the tour 👍🏻 It's been a long time since seeing the place
    8
  11520. Prices are tanking only in certain markets.
    8
  11521. The mountains and scenery in Cali are amazing. Gives the beaches a lot of charm. I can't think of any place like this on the east coast. Definitely a cool excursion. Thanks for sharing as always!
    8
  11522. Love Sanibel and Captiva .....
    8
  11523. Man. This out of town investment company keeps buying up all these homes in my neighborhood here in St. Louis mo. This is getting ridiculous dude.
    8
  11524. Great show Mike......Civil Disobedience 💯💯💯 BTW......your idea of raising rates and no bailout would be awesome.....I wish you were in charge Mike.
    8
  11525. Buyers are coming into my neighborhood buying from original owners who are dying of old age. They are completely renovating. Scary. They pay $250 k and invest another $100k. DUPLEX
    8
  11526. I’ve been watching lots of videos about Florida and this gentleman is by far the best looking, fit, and happy realtor so far. I say this as a straight male and as a fellow Italian-American. His videos are thorough, informative, and pertinent. Top-notch. Kudos! I may need a consultation soon as I’m trying to escape California before they won’t let me leave (gratuitous Bronx Tale reference).
    8
  11527. FTR, Michael I Love this channel. There are many reasons why the Hoa’s and special assessments are happening. Yes 1 major one being because of a major collapse and multiple “Deaths” at a Florida condominium. It appears it was caused by neglect in Maintenance. Without getting deep building structures in “guaranteed” hurricane prone areas where loose footing conditions, moisture, salt and water are constantly causing wear and tear that needs consistent maintenance it is all on the unit owners to bear those costs. Smart taxpayers that know those conditions cost a lot of money to address and choose not to live in those conditions should not be bearing the costs by having there insurance rates go up. Deep down it is really the “wants” not needs of living in those conditions so again those condo owners should bear all I mean all the costs to live there. (This issue greatly upsets me when I hear the whining) as if a collapse happened at their building they would be looking to sue someone right away instead of taking responsibility for their own actions… if I was next to building that collapsed and was hit by falling debris I would sue the crap out of association and all its members…
    8
  11528. I believe for the ones who's been waiting for a crash or big discounts just wait, since they waited this long already no point buying at this price.
    8
  11529. The weather is the key factor in California vs Florida which has humidity 24/7 & insect problem ---- is the insanity with the politics, policies, communism and outrageous cost of living in California worth it? is the insanity of low wages and super expensive housing along with the 24/7 humidity and insect problem worth it? What is the key factor in Florida? California wins out if you compare the two - that is my mu opinion.
    8
  11530. Hey hey name is Brook I’m moving to Orlando in a month. I’m so scared but I wanna change my life thanks for the videos and wish me luck
    8
  11531. I'm confused. I was involved in process serving. 3-DAY notice; then 5-DAY notice; then the local sheriff physically removes them.
    8
  11532. As a person whose spent most of his life renting, owning is the only way to begin building asset equity. We sold a house a few years ago, had an offer on the next one and withdrew due to a garage with severe soil erosion. The greedy market didn’t want to drop the price so I pulled the plug and we ended up renting for a couple years. Gave that landlord over $60k in 2 years and he still decided to lead with greed and Jack our rent over 12.5% so I fast tracked buying a new house. We lucked out on the timing, locked in interest before the rate hikes started and before the stock market drop so we reallocated start just the right time, but still, ownership is empowerment and the mortgage company can’t Jack your rent on you. You’re in the driver’s seat. Amazing how we’re conditioned in this country to give over and entrust others with our sovereignty, our capital management, our retirement planning. Americans have been suckered for decades and are paying a huge price for our passivity and complacency. We all need more of a lesson in being more street hustle smart. Stop trying to impress our neighbors and make your budget balance in the black
    8
  11533. I have been waiting for new home construction to slow down here in Cape Coral area, was with 4 General Contractors at a gathering two nights ago, was told they are blowing up with new home builds. Hurricane Ian has a lot of people building new homes, go figure I was waiting for it to slow down and prices dro””p but for this area I don’t think it will happen no time soon.
    8
  11534. Interest rates aren't coming down any time soon. There are 2 things that can help affordability in the near future: -Unemployment forces people to sell their homes, increasing inventory -Economic downturn kills demand, which causes new home inventory to pile up, forcing builders to lower prices substantially
    8
  11535. There’s a lot of people that think being single is easy financially. Michael just explained how married couples can’t afford to divorce because of the expenses associated with being single in America. It takes skill and discipline to become financially secure and successful as a single taxpayer. You pay more and receive less incentives and discounts. No more splitting costs but now have to pay more in stuff like car insurance and phone bills. You really have to be careful and disciplined with your money because food stamps and unemployment don’t pay singles much money if anything happens to your income.
    8
  11536. No fires
    8
  11537. MICHAEL - ...WE LOVE YOUR TONE OF VOICE & CALM BUT INTELLIGENT DELIVERY OF THESE NEWS++. !!! THANK YOU FOR YOUR REASONED INFORMATION & STYLE. !!!
    8
  11538. Good video Michael. Good information. What if I can find a place with a short term lease at first?. because basically, with a part of the savings, I can just pay that entire short term lease up front. not having to worry about next month's rent due, or the other month's rent due, etc. that way, I can go out there, look for a job, seeing what's available all while the current short term lease is paid up in front and possibly I'll have a job by then. after that, I can pretty much save up even more money, buy furniture little by little, and think about a long term lease because when making the move to Florida, I'm mentally thinking long term. affordable rent. and always being ahead financially.
    8
  11539. Everything is awesome!!!! 🔥
    8
  11540. If commercial real estate is crashing, why are they building several of the largest skyscrapers ever seen in NYC?
    8
  11541. Give ‘em hell Michael! Thanks for the shout-out and sharing the story.
    8
  11542. Yep! And me too!! Lol.. Selling the house here in LA and I’ll be moving in 2 months!
    8
  11543. I recently got a quote for my homeowners ins from my current company, State Farm (condo in MO) if I decided to rent it out. It’s cheaper than if I live here. Yea, I thought that was weird, but it’s true.
    8
  11544. You went hiding into the woods to tell the truth in America... 🧐Makes sense 😅
    8
  11545. A 13 million dollar house does not take 43 times the effort of a 300,000 dollar house to sell. But the commissions don't tell that story.
    8
  11546. Thanks!
    8
  11547. I loved it. A good mix of driving and walking would be nice. Do Alton road so that you pass the botanical gardens.
    8
  11548. That's 1 reason we will never sell our house in CA, bought 25 years ago and property taxs are very reasonable.
    8
  11549. $150,000 to 200,000 is mypick......my opinion on these homes ya....some of em i wouldnt feel safe in them from a judging a book by its cover point of view...good prices though
    8
  11550. I always love your videos. My dad has been a landlord and property owner all his life and he is 81 years old. He has been buying up to expensive housing believing it will continue to go up. I send him these videos so he understands most Americans cannot afford these prices and that something has to give. To many of us are struggling right now and stuck in homes that we would love to sell but can't because there is nothing out there comparable. I for one do not want to live in a shack.
    8
  11551. Last time I lived in South FL in 2001, I lived in Boca Raton and was minutes from the beach and I paid $550 a month for a one bedroom apartment with 20 ft ceilings. I was going to buy a 3/2 home with a pool in Boca for $125k in 1998, that home is now worth close to a million!!! I wish I would have bought that house then.
    8
  11552. Loving the travel series. Thanks for the hard work. Grab a cold beverage on me.
    8
  11553. It's a little surprising that a star of Robin Williams' magnitude and notoriety would have had a house that close to the street. Tiburon must be a very secure community---no riffraff, if you know what I mean. 😉
    8
  11554. You can't sell a shack in CA for a million dollars, gross exaggeration. We have a very nice 3000 sqft home on 1.2 acres in central CA and we will be lucky to sell it for 450k. Most likely it will not sell for over 425k. We have lots of people moving from the Bay area to our area for more land and home at a reasonable price. LA and Bay area are expensive. The rest of CA is not more expensive than many other markets in the US.
    8
  11555. as soon as I get my debt to 0 I am leaving New York your videos are very informative keep it up!
    8
  11556. People never learn.If your smart u sit and wait. You crazy to buy now. Relax take a deep breath. Patience
    8
  11557. Nothing like enabling the codependent What is codependency versus enabling? Enabling behavior often includes taking responsibility for or making excuses for others' inappropriate or unhealthy behaviors. The person with codependency sees their efforts at taking responsibility for others' mistakes or doing something for someone that person can do on their own as helpful.
    8
  11558. Good Advice Michael !!!!! Job well done. Huge Weddings a waste of $$$$$$$$. Take that money and put a down payment on a home. I knew a lady and her boyfriend, and they spent $300K on a wedding , Live Orchestra , Wedding Planner, etccccc. The wedding was unbelievable!!!!
    8
  11559. Grateful for my dad teaching me about survey of property AND STAKE placement The stakes are thick metal vertical rodsand placed at all 4 corners- usually they spray paint it orange and as time goes on it fades. Learn you stake locations- they will save you so much grief… As a new homeowner in NJ in the late ‘90’s my dad was so helpful. My neighbor decided to plant a row of bushes between our front yards ‘My dad came over while I was at work and had the tape measure and went stake to stake The neighbor noticed and that night asked me if it was a problem - it was only 1:2 foot over but with time I would have lost more space as the bushes grew and widened- so I said, well actually yes, it’s a problem waiting to happen He pulled them all up and moved them to his backyard I would have never have known to think of it- so Thanks Dad! Stakes cost extra - maybe 500 or so but we’ll worth it.
    8
  11560. Thank you Michael for your continuous hard work making
    8
  11561. There’s no way they will build something. After all those people died who would want to live on a cemetery? Not meeeeeeee!
    8
  11562. They also lie about sq ft and withhold information that should be disclosed. Just to name a few things.
    8
  11563. I’m glad you posted this video. I agree 100%👏🏻
    8
  11564. Stopped by the local coin dealer today to add to my stacks. There was a line outside 20 people deep.
    8
  11565. Don't you also need 20% in equity in your home in order to refinance? So if the market goes back to 2020 prices then youre stuck upside down in your mortgage and unable to refinace.
    8
  11566. James you have a great boy. We love his info
    8
  11567. I enjoy watching you and Nick. You guys tell it like it is. Thanks for uploading.
    8
  11568. Hi Lizzy❤ pretty as always. I love seeing wives supporting husbands😊 Happy birthday Liz❤
    8
  11569. This is the best duet. You should make a channel together!! 2 thumbs up
    8
  11570. I was thinking the same thing.. what the feelings are now for people living in high rises after this. For me, ive never wanted to live in a high rise but i definitely feel like if i was id be ready to go after this
    8
  11571. I used to live in those condos. Nice walk. Make sure to have lunch or dinner at Lara's Restaurant. California is in trouble when it comes to insurance coverage for home and auto due to auto thefts. The more I dig in, listen and learn, I'm better off as a renter.
    8
  11572. It's so helpful to hear you talk through the details, logically. Thank you for providing your expertise.
    8
  11573. Finally! One normal video, Thank you! So many bad youtube videos out there. I'm from the north state as well, was Looking for city to live in FL where there aren't many selfish and annoying young, dumb, naked people, but laid back, not too hot/cold city. St Augustine sounds really good. Thanks so much!
    8
  11574. In the end as the East grows we will look like the West. There is only so many places you can run to before everything will be the same!!
    8
  11575. Visited Melbourne for years to me the Space Coast beats the west coast. From A1A to Route 1 nothing beats those drives down the coast. Been to the west coast from the panhandle and the west coast and to me the east coast still gets to me. Space coast bound from Ohio god willing in a few short years.
    8
  11576. RVs are looking really tempting..no property tax, no static neighbors, off grid , spells freedom to me👀
    8
  11577. I like when he gets philosophical
    8
  11578. 🤦 they need to lower it then. No one is paying for that.
    8
  11579. Mike I agree we are going to see some serious price corrections in the months ahead. I can also see rents in a lot of urban areas dropping by a good 50% from what they are today. It is coming.
    8
  11580. I don't think your negative I think you're honest. Thank you so much for speaking up about the reality of what's going on!
    8
  11581. Hello Michael ,fantastic walk and talk location, talking of Foreign ownership , there was a big upset over in the UK when another country wanted to buy into the Telecomms industry , also most of our utilities like water are foreign owned its a disgrace, so i can see why its being looked at in the USA .
    8
  11582. Michael, I think you should have a kid... tonight, my 6-year old son who usually scolds me when I listen to real estate videos (if it's not Minecraft, he think it's boring), told me he wanted to listen to Michael Jackson Arrow. I had no idea what he was talking about until he said, "the cool real estate guy with the sunglasses." I said "Oh, you mean Michael BordenARO"? He was really happy that I figured it out and listened intently while he was enjoying his dessert ;-) Thanks Mr. RE Rockstar!
    8
  11583. Yo, who pays $9k in rent? That’s insane!
    8
  11584. One of your best, most informative and most honest videos ever! Thank you!
    8
  11585. I'm maybe an idiot (probably likely), but it seems like everything is dropping basically back to where it was in 2020 before the pandemic in terms of value, real estate, BTC, etc. Why is this the end of the world?
    8
  11586. You should come to check out out the St Petersburg areal. A lot less expensive and beautiful downtown and beaches; less hot
    8
  11587. As the old saying goes, they don’t care. That’s very true and why people have to take care of themselves because nobody else will. In this tough world, employers will work you to death and pay low wages, little to no benefits and give workers no no respect if you let them. Many times these days, it’s better to not even work because government programs pay more in benefits to not work. Just the reality and the way it is. 👌🏻
    8
  11588. THANK YOU KINDLY FOR SHARING! ♥️
    8
  11589. This is 2008 deja vu all over again.
    8
  11590. Wishing you, your fam and friends out there the best! Stay safe everyone
    8
  11591. I've actually heard this as well. That if it wasn't for mutual funds being pumped into the business in the S&P 500, many of those businesses wouldn't be profitable. It seems likely to be the case.
    8
  11592. I wish I was at that beach. I haven’t been to a beach in over 3 years!
    8
  11593. Yay so excited for these videos! You should add St. Petersburg to the list. Not just St. Pete Beach but the actually city of St. Petersburg. It's gorgeous, walkable, and has a brand new pier that is so cool!
    8
  11594. As the sea levels rise and more construction takes place, water drainage will continue to be an issue for the coastal areas of FL, particularly the east coast. The drainage systems here in Houston are just as bad, and good rain can cripple the city at times with massive water accumulation.
    8
  11595. Rents are still over 2k for small homes in Arizona, not seeing much of a decline out here. I am hoping it does decline fast soon
    8
  11596. So you’re saying there’s a chance 😎
    8
  11597. I have to disagree with you on one small thing. I feel like we are currently paycheck to paycheck because my rent went up 11%, I have a child in Pre School that cost almost $300s a week. This summer she will be done with Pre K and go to public school in September. Until then my finances are limited. We are ready to buy a house and have a very strong down payment, but we will not be fueling this housing market. We have savings but we just aren’t saving much right now until my child is out of paid school.
    8
  11598. Great video! I love visiting different places around Florida 🍊🏝
    8
  11599. Florida is amazing, if someone has a problem with it, then don't move there! Super simple. Good video brotha!
    8
  11600. I saw a REDFIN For Sale sign today on a property on 30A (East of Destin FL), I have NEVER seen a REDFIN for sale sign. A lot of the content on this channel IS happening.
    8
  11601. Next stop lifelong mortgages 😂
    8
  11602. On the other hand, you have other people who might notice things you wouldn't in your own home. And what homeowner actually get their home inspected with any regularity? I think overall the risks are probably lower in high-rise buildings in the US.
    8
  11603. It is going to hurt 1st time home buyers the most.
    8
  11604. EXCELLLENT content, a wealth of knowledge
    8
  11605. What I noticed when I sold real estate there were some very shady, greedy real estate agents with no conscience,they said anything to make a sale and move on to the next one. Buyers always left holding the bag.
    8
  11606. I owned a condo in North Miami Beach and I remember the Condo association lady asking me if I wanted to earn $5,000 to cover up with cement-exposed rebar and cracked cement. I never worked in construction but I am an artist and I did a pretty good job covering it up with cement and painting it like there is absolutely nothing wrong. I am not going to mention the name of the condo because I do NOT want to be a troublemaker. Now that I think about it is an older condo one block from the beach. I am a Aircraft Mechanic and I did notice disturbing corrosion but I always assumed some sort of inspectors inspect these buildings every year.
    8
  11607. This is a fantastic list. I want to retire to Florida and I didnt know where to begin Thank you so much😻I'm now a subscriber..thanks Michael..🌴
    8
  11608. The neighborhood my sister lives in the Dallas area has houses that have been sitting vacant for the past several years. No listings, no renters, nothing but sitting there.
    8
  11609. It is the prices!
    8
  11610. Florida
    8
  11611. FL except humidity. San Diego has best weather by far
    8
  11612. supply has to either go up, demand has to go down, people have to either make more money or myraid of other scenarios that have to take place in order for people to be able to afford housing... but i wouldn't hold my breath. you have too many big players in the world stage that don't wnat to see you live. they want to see you perish.
    8
  11613. I can honestly say I am happy (a little bit) with what the FEDS are doing. This is preventing USA from becoming the next Venezuela. Grateful for that much at least😏
    8
  11614. Excellent point about making sure you own the land if you decide to move into a mobile home park!!
    8
  11615. Prediction!!!? Paaain. - Clubber Lang 1979
    8
  11616. My brother and sister-in-law are selling their house in Atlanta, and were gonna buy one in Alpharetta. They close on the 29th of Feb. they have decided to rent, though they had found a house that they wanted to buy. My guess is that they want to wait for the market and interest rate, to drop further.
    8
  11617. My car is a 2019 but it's paid off. I have the most basic PIP on it. Not even the ambulance and clinic chasers will bother with me if I get in an accident. This year tho, it went up about 800.00 for 6 mo, but after looking at it closely, Geico renewed my policy and added uninsured motorist and property damage without my consent. I dialed all that back, and overall, my policy only increased by 186.00. This is tolerable. My advice to anyone who saw significant hikes, go over your policy with a fine tooth comb. You may find that the insurance company added additional coverage you don't need.
    8
  11618. You have the best Florida YT channel, hands down!
    8
  11619. "Abundance mindset" love this concept.
    8
  11620. I question whether the insurance companies really believe in climate change. More likely they see it as a built in excuse to raise their rates.
    8
  11621. More spending on debit/credit cards last month? Could it be all the shopping for college students and back-to-school supplies? Makes sense to me.
    8
  11622. The only way I’d sell my house is if I could get enough to pay cash for my next house. Not happening.
    8
  11623. Michael is spot on !
    8
  11624. No. I will not be buying right now.
    8
  11625. I totally agree. My worst nightmare is when latinos start putting very loud music at night !
    8
  11626. liked this one. also the walking tours
    8
  11627. I'm with you. Would not take a home, even for free in Portland, Oregon.
    8
  11628. When you're hot you're hot, when you're not, you're not.
    8
  11629. Just happy i got my house 6 years ago because this housing market would have drive me Crazy
    8
  11630. Many younger people have no or little memory pre and post hurricane Andrew. All of south Dade County was demolished, Homestead where I have family was in sad condition. Look a pictures from those days ,look at Homestead and south Dade now , rebuilt and thriving, southwest Florida and storm ravaged areas will one again rise just like all the community's in south Dade.
    8
  11631. "Mickey Mouse Job" - haha...I love that description!
    8
  11632. Microsoft is laying off 10,000 now
    8
  11633. Haha I have to laugh at "normal family". I guess I'm a weirdo, my goal is to be debt free. The ability to help my kids & grand kids in EMERGENCY situations, volunteer at an animal rescue, health and happiness with my hubby of almost 40 yrs in Florida ❤
    8
  11634. Hurricane Milton is a cat 5 hurricane. get prepared.
    8
  11635. Perfect collaboration, i love it
    8
  11636. Are u serious? Florida is one of the best states in the U.S. I understand that people complain about that state because it’s extremely hot, dangerous, crazy, impatient people, new cases, traffic, etc. But it is still a really relaxing and a good place for vacation such as Miami & Fort Lauderdale. So I was born in Plantation Fl, I loved the lakes and the sunshine there. The bad is that there is so many crocs, insects, and other creatures live there. And another bad thing is there is so much thunder & lightning that happened when I was a kid. But I really had a good childhood memory in that state. Sadly I moved I’m out of Florida in 2011 but I still come back and visit because I have family members and friends that live there. Yes. I agree that there is bad drivers out there. I saw so many. I just love all the Latinos in that states such as myself and love to party there. My favorite places are Coral Springs, Pembroke Pines, Miami, Miramar, Fort Lauderdale, & Orlando. I disagree that people stay indoors in Florida which they don’t. A lot of people love to go outside and have fun but obviously not right now because of this whole COVID bullshit going on. I love that state but I understand why people sometimes complain about that state.
    8
  11637. Brother. Your wearing plaid, is climate change real. Lol
    8
  11638. Cathie Wood doesn't know what she is talking about and is looking out to her donor class friends responsible for causing the bubble in the first place.
    8
  11639. Have faith in God 🙏
    8
  11640. Banks, Economists, and governments: "Don't worry lobsters, we slow cook you. By the time the cooking is done, we will let you know."
    8
  11641. Thank you Michael for getting me more depressed than I already am.😢
    8
  11642. I think buying close to train station not only helps with cost of gas commute but also it helps with saving time.
    8
  11643. Always enjoy your videos Michael..you keep it real.😎
    8
  11644. Michael, retired real estate lady, 45 yrs. Can you tell me why the city of Miami has so many closed stores. You walk in nice areas but I was blown away at the store closures in the downtown.
    8
  11645. Thanks for the video! Great point about running into the Spanish language barrier. I lived in a few South American countries in 2019, and even though I did learn some Spanish, having to struggle daily with Spanish, and having to dumb down my English to only the very basics, had literally made me dumber. Even though I was talking online to my friends back in the States in English, I realized I was often at a loss for words, or essentially forgoing the nuances of my vocabulary and ceasing to be an articulate intellectual. (OK, the last words were just pretentious but you get the idea :)
    8
  11646. Simply don’t tell people you’re new to the state 🤷🏻‍♀️ none of anyone business where I’m coming from 🤷🏻‍♀️ sure as hell wont vote blue anywhere either.
    8
  11647. Image how good GDP is going to look when we go into hyper inflation.😮
    8
  11648. Nah, it's all going to be painless. No worries. Peace and prosperity forever! I know this because I was told it by a bunch of guys who need to get reelected.
    8
  11649. Pretty despicable to pray on the poor like this, hopefully these investors all go bust when they can't find renters.
    8
  11650. Michael I know im not telling you anything new but your home state is in big trouble!
    8
  11651. Long ago I lived one winter in an end unit townhome with electric baseboard heating and i was getting KILLED with the bills. I moved out as soon as the lease was up. Also saw the electric bill of someone in a condo with a heat pump and it was crazy and her home was cold. Grew up in house with forced hot air and it was fine while blowing but cold as soon as it shut off. I purchased my home with an eye to nat gas hot water baseboard heating. Steady slow heat. It's 33 degrees outside right now but it's cozy in here. I love it!
    8
  11652. Around the Atlanta Metro I'm seeing all kinds of price reductions for rent signs and homes on the market longer.
    8
  11653. Grew in the dirty south and move to SF Bay Area, Cali in the 80’s after HS. Got a job, married, kids. Houses. Living the dream. Fortunate to buy houses in 90’s and so on rental. Yes The weather is nice it will be cool one week around 70’s and then hot spell 90’s to 100’s. Not as humid as in Florida where I spent my summer vacation on Gulf coast growing up. Yes Florida’s beach are nice, blue, clear and warm. Nice to take a dip on a hot day. Bay Area it’s not as nice. Ok and cold. You could only dip your feet in it unless you have a wet suit like the surfers. As you mentioned I could head up to mountain 2-3 hr drive to snow in the winter months. I can’t recall Florida having mountains. SF Bay Area is expensive Southern California as well any others cities comes to housing. Yes we pay a lot of taxes. Unlike Florida from what I hear. We get paid more here if your in tech, hospitals sector. If you’re job doesn’t pay to survive in California costs. Florida would be the place. Not sure what industry Florida has. The diversity in California is a plus especially in SF Bay Area. Just seeing Bi-Racial marriage. Is common. Yes you mentioned restaurant. To try different ethnic food is a plus in California especially SF And Southern California. I would move to Florida for my retirement years. Sell off my house buy house in a golf course community which Florida has a lot of. If only I could convince my wife. The saying “Happy wife Happy life”
    8
  11654. We have been to St Augustine twice and loved it! Harry’s is our favorite restaurant there!
    8
  11655. I really like the idea of rating beaches! Great video, weather looks wonderful down there!
    8
  11656. I think if people give up the right to home inspection it’s all on them not the seller !!!
    8
  11657. JP MORGANS jamie Dimon just said he wants people back in the office today. they employ about 300,000 people. it shut the company intranet down they were so pissed lol
    8
  11658. I’m scared of the dark! I guess I can’t move there now 😔
    8
  11659. Why retire? You will get bored very quick unless you have a daily plan. I would not retire since I'm enjoying investing.
    8
  11660. i love your shirt!
    8
  11661. The difference in pay between the average employee and c level executives is criminal. There is no good reason for it.
    8
  11662. Here's my thoughts on why everything sucks. • Employers refusing to pay more • Companies squeezing every dollar for higher profits with a skeletal crew • Inflation making everything more expensive & • Blowback from Covid pushing boomers to retire in throves, leaving many positions they hoarded before open.
    8
  11663. I was checking my account and noticed that my credit card limit was raised from 1,000 to 4,000 I didn’t even requested it?
    8
  11664. Of course Thank you for another great video today. I really hope that you’re having a great time in California 🎉. It’s going to be 110 Degrees today here in Paso Robles, California but I’d rather have the humidity 😅. There are going to be so many awesome opportunities for those who are ready. Forclosure’s and Airbnb units are going to flood the market. I believe that things will CRASH HARD in the next year and a half or so. Things just need to change. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    8
  11665. You're telling me that little house went up almost triple in value over 8 years? Holy crap! That is...not right. 🤢
    8
  11666. Theres been tons of building here in the greater Jacksonville area too. St Johns and Clay has exploded with new homes and condos.
    8
  11667. Everyone was pricing like their tool shed with new granite counter tops was going to be the place that some techie who couldn't afford to live in SF would move to and buy for 600k.
    8
  11668. I was thinking that these remote workers were going to be replaced by people in foreign countries that can do the job for much less money. I'm sure that's happening but am not sure about how much that's happening.
    8
  11669. $9000 taxes on a half million dollar condo? I'll be staying the hell out of Florida. No thanks!
    8
  11670. Michael, you are living the LIFE !!....Thank you for the 10+ min. Vacation.....Stay Cool...
    8
  11671. Michael you should do a live stream. In sure many would like that. Great content as always
    8
  11672. How could remote workers not see that coming? The main reason companies get tax breaks was because their workers buy lunch and spend money all around the offices Crazy over $3million for 1200' Sq. 1-bdrm 1- bthrm
    8
  11673. Property tax ugh.
    8
  11674. Don’t believe a word you’re told about employment rates and remember when they review their figures, as they did in February, they revised a 30% (downwards) correction … it’s pathetic, truly pathetic.
    8
  11675. Florida is a great place to live. Don't listen to the MSM.
    8
  11676. Another outstanding video, Michael! Many lessons can be learned from your John vs. Carla presentation. Thanks for continuing tp provide sound real estate and financial analysis.
    8
  11677. If I were buying a house in Miami Beach, I'd want to be in that hidden little neighborhood just north of 17th Street and just west of the convention center. From there, you can walk to Lincoln Rd., Sunset Harbor, the beach, and many of the other things that are usually only walkable to those who live in condos and apartments.
    8
  11678. She’s got a great attitude and demeanor. Love her honest observation about how people at social events are swiping away on their phones and have been conditioned to be less social. I bet it annoys some girls that they can’t simply swipe away someone standing in front of them. Haha.
    8
  11679. 3:17 how are solar panels supposed to work during a storm?
    8
  11680. They canceled the boycott because the rent is too damn high!!
    8
  11681. Michael, I've been watching every single one of your videos for the past 10 months, and I just realized I have not even subbed to your channel yet. 😂 That's an oopsies on me. Good thing YT has your daily videos on the top of my suggested since I watch and like them all through and through. I enjoy the commentary, the info, your hot takes, the many silly examples of what's on the market (this is such gold), and just you as a whole. I am same age as you, in Dallas Texas, insurance agent for over 15 years, and most of the info you mention about FL does rein true here as well. Bro, keep up the awesome informative and entertaining videos. Hope to meet you one day.
    8
  11682. My HOA in Fort Lauderdale only increased from $600 to $700, and luckily we have reserves. We also have a special assessment going on for $600/month, so having another increase in HOA would make me cry
    8
  11683. Yes more videos like this please!!
    8
  11684. Amazon prime movies sucks
    8
  11685. Renting a house is not that difficult,I'm renting a house in Florida and I been living in the Philippines almost a year now . Just gotta be smart people
    8
  11686. I can't imagine having increases like that on my mortgage payment. Yikes.
    8
  11687. "Your heart is where your treasure is". Your happiness needs to be independent of other people and their stuff. The best way, of course, is Jesus Christ. An attitude of gratitude is high on the list too.
    8
  11688. I REMEMBER IT FROM MY CHILDHOOD,.. LAYAWAY WAS A GREAT WAY TO USE CUSTOMERS CAPITAL EARLY WITHOUT LOSING INVENTORY. 😯
    8
  11689. I would hate to be trying to relax at the beach while breathing car exhaust and hearing motor noise all day. Pass!
    8
  11690. Companies have a fiduciary responsibility to share holders. They are responsible for managing their money.
    8
  11691. I am an insurance agent. Homeowners rates have skyrocketed this year mainly due to fraud. Insurance companies are now actively trying to shed older risks. Insurance companies are now requiring 4 point inspections on houses over 30 years old. They want to know that the roof, electric, heating, and plumbing have been updated. The main sticking point is the age of the roof. Any roof over 15 years old can make a house uninsurable with standard companies. I represent companies that will not accept roofs over 11 years old, some 13, others 15. There are companies that do not require 4 point inspections and will accept older roofs such as Lloyds London but you will pay $3000 a year minimum and up depending on location. The homeowners insurance market is in crisis mode at this time. If you have an older house that has not been updated and you are being offered a renewal, take it. If you are buying a house, make sure all systems have been updated and the roof is within range (less than 15 years old-the newer the better), or plan of paying a large insurance premium.
    8
  11692. Be grateful you have young parents. Time runs out eventually.
    8
  11693. Your missing one thing in this video. I think Americans are going to have to learn to live like thier European counterparts. In that generation s may have to start living together. We had to move our parents in with us because. They owned a house in San Francisco. When they retired they could no longer afford the taxes on the house because they are on a fixed income. We actually take care of them. So to just blame things on the young generation is really not always accurate. I have a friend who had to live with her daughter because her daughter has a great job because she just graduated from college. The mother can not afford to l live on her own because rents are so high. I think people that are fortunate like you really need to understand. This economic situation we find our country in is not always the fault of the new generation. We really need to start by holding our political leaders accountable for the damage they’re doing to this country as a whole.
    8
  11694. Too much headache just being a home owner, smh.
    8
  11695. Fitch ratings says homes are on avg 10% overvalued? They are insane!! It’s all about the income and on avg home prices are 6 to 8 times avg earnings where normally it’s between 2 to 4 times earnings. On avg home values increased 30 to 40% from 2019 to 2022 while incomes when accounting for inflation was stagnant. The main driver in the increases were investors taking a larger share of home buying and companies allowing remote work both of which bare not sustainable in the long run. Numbers don’t lie and they are saying home prices will need to drop between 20% to 30% in 2024 and if there is a recession potentially 40% or more to drive home sales in 2024. The current prices in the areas (Sunbelt in the South and TX and desert SW States)that saw outsize value increases even with the recent minimal interest rate decreases simply are not enough to generate any meaningful uptick in sales activity.
    8
  11696. Company I work for moved from north east to FL and at first remote work was fine. After a year we were told to be in the office majority of time and people who couldn't move got several months left of employment. On one hand it kind of reassures me that my work can't be sent offshore just yet, but at the same time I was 2x or even 3x more productive working from home.
    8
  11697. The best time to get a place is when you have a good Job, credit and savings that allows you to qualify. Anything can happen and you loose the opportunity when you had it and then have to work and take time to qualify again. Waiting and timing the market wasn’t a good choice in my opinion.
    8
  11698. Well you're right about that I was raised in California and I moved here about 40 years ago and now because of New Yorkers they can afford to flat out by the house with cash and California people also as Florida people are having a hard time affording a house they're all moving down here so they're raising up the prices on everything they ruined everything.
    8
  11699. While working my dog yesterday I noticed two cute tiny homes behind a church. As I walked by I noticed that they both were occupied (air conditioners were running etc). I was a little jealous to be honest since the area is hidden, quiet and in a nice neighborhood. The church may rent them out or let them park there. Who knows what the situation is. This is in Pensacola Florida where the price of rentals have been increasing like crazy over the past year.
    8
  11700. I lived in my building for 20 years and never had a special assessment. They collected money each month for building maintenance in the HOA fee. My HOA fee was about 340.00 per month when I left almost 2 years ago, which included water, gas, heat, snow plowing, grass cutting, insurance, pool, and garbage. 2 bedroom, 1 bath.
    8
  11701.  @MichaelBordenaro  I've met a bunch of people like that. They simply can't comprehend the time value of money. They want something today they go buy it. costs don't matter nothing. Penalties, whatever, they don't care. They want it now and they go get it. Literally no self control and zero math skills. also when it blows up (and it does, multiple times) it's always someone else's fault.
    8
  11702. March of 2009 I became a realtor after being laid off of my Corporate job. I got a nice severance package so it was a great way to get a new career. If you want to work hard, you can make money even in a downturn. It worked for me back then I made money.
    8
  11703. The Fed can't print food and bullets either.
    8
  11704. I’m renting in Anna Maria area and citizen insurance just called us saying we are in a flood zone and need to get flood insurance to the tune of 400 per year which is 200x our renters insurance. My wife said we are on the third floor they said don’t care. We hung up.
    8
  11705. I’ve been watching the market for 18 mo. Not necessarily major markets but just outside those area. Prices are going down, very few sell for asking, many are on the market for months. I’m still on the fence.
    8
  11706. I want to move back to Fort Lauderdale.
    8
  11707. Expensive wow thats actually really good info for people who want to invest especially when your from NYC or California. People like me are looking for cheap affordable decent places.
    8
  11708. Lovely Townhouse! I’m sure whoever moves in will turn that sitting room into the women’s closet and that little closet for the husband lol. That’s what I would do. The small room should have a smaller bed and then a small desk. Good for a child. Love the decor. Overall, someone willl buy it! It’s Miami!!
    8
  11709.  @MichaelBordenaro  I just wanted to make a statement about the homeless veterans. I didn’t mean it personal and I hope that you don’t think that I was jumping down your throat. I am just very passionate for all the heroes, that FOOT and all the services that are buried all over the world. My dad was a World War II navy veteran, and he said that never to call him a hero. All the heroes are buried in Normandy and. many of the parts of Europe, and all over the world… I love you like a brother Michael I think what you do is from the heart. I’m sorry if I got a little emotional I hope you can forgive me.🇺🇸🙏☮️✝️💜
    8
  11710. 1% down is the loss leader for a much higher payment hmmm..what could go wrong
    8
  11711. that's actually a great idea man
    8
  11712. Mike, Do you think Florida Homeowners just start to become "self-insured"?. Put the premiums into a CD instead of the Insurance Companies pockets? What do you think? Cheers.
    8
  11713. I saw a home listed for something 1.375 million, which based on the limited history shown on public real estate sites, is the price the current owners paid for it. The description said something to the effect of the owners were motivated to sell and all reasonable offers accepted. I wish i had the ability to see the real history of the property like you do, i was interested to see if it was a pandemic flip.
    8
  11714. Oh no Michael. Please don’t tell me you feel these loans are part of the issue. They’re just marketing. I love your channel and think you make good points, but these programs have very low maximum loan amounts and fit very few people. It’s really hard for me to believe very many qualify for them. They just help the phone ring to find potential clients. As time moves on I’m having a tougher and tougher time seeing what could reverse the market. No different to thinking tickets to a football game will be $50 a person again. I just accept that I’m going to have to watch games on tv going forward 😢
    8
  11715. The fact that CA visitors suffer the high sales and gas taxes is a designed feature of the state's tax system. Tourists pay but don't really enjoy any (long-term) benefit of the high taxes.
    8
  11716. We're all broke, broke AF
    8
  11717. North and East Las Vegas are mostly the lower income homes
    8
  11718. Will never use a real estate agent when selling 2 properties that are paid for never never
    8
  11719. I was a landlord for several years and i gotta tell you its an absolute pain in the ass...you pay all the upkeep the taxes and the mortgage lets not forget the insurance...and all the people who dont give a shit about your property and think your rich....think long and hard before you think about doing this.....good video
    8
  11720. You provide a valuable service and you have a kind way of putting things. I hope the 41 year old realizes you can't fix bad results w/ bad decisions. No shame taking a loss and reflecting vs forcing. If you have to force anything 9/10 it will give unfavorable results. I am learning a lot w/ your channel and happy to see the greed that makes finding a place unpleasant come back to bite the owners who created it.
    8
  11721. What worries me and you touched on the subject is the developers. We can’t turn Ft. Myers into another Miami with all the high rises. No offense to Miami and here’s why. Miami has its own vibe. Personally, I love it, it’s Miami! So does the fort Myers area. More laid back, low keyed, low rise homes & structures. High rises are mega bucks for the developers. They honestly can’t have the substantial increase in population like that and it would destroy the charm that is SW Florida. I’ve lived on both coasts and always preferred the west.
    8
  11722. I really need to move to Florida or a place similar. I love the beach, sun, art, theme parks, dancing but the social environment is very important. My sister has a different personality than me but she hated it. I keep hearing negativity about Florida and Miami. I hate where I live which is the DC metro area. I thought about smaller cities but when you live near a major city where there’s endless stuff to do a smaller city won’t do. The pandemic has made socializing and going out impossible. Every-time I came to Florida including Miami I absolutely loved it and had no problem. But people tell me living there is a different story. I hope also that I can settle down and get married.
    8
  11723. Who wants to move to LA? 😅
    8
  11724. As always, this is great information... I can't wait to hear your grandfather's perspective on these issues...
    8
  11725. I love Miami, but i also love California.
    8
  11726. I have heard more English spoken in Tijuana than in Miami...no joke.
    8
  11727. All excellent points, I am holding off until next year to purchase my retirement home in Sun City Ctr. Outside of Tampa hoping the market relaxes or stabilize. If not I’ll wait as I still have three years.
    8
  11728. Slow and steady with patience - credit unions are Awesome in times like these. As many Checking and Savings accounts as you want no minimum balance required no fees interest on all balances. Better loan and mortgage rates typically too. Thankfully I am Debt Free since July 2022.
    8
  11729. The problem you are not addressing is that rents are skyrocketing, too.
    8
  11730. Unfortunately greed rules in this country and that's about it. I see tons of comments in the chat about how greedy they are and how proud to be greedy they are. appreciate you
    8
  11731. There was a house down the road from me on the market for 410k. On the market for 6 months. It sold for 237k
    8
  11732. Owning an EV as a second car can be very practical depending on how the owner's using it and charging it. Short trips, home charging., ICE for long trips. Even EVs with ~100mile range limits could be very practical under these circumstances. They're quiet, comfortable, and get great mpge mileage. Mostly over 100mpg equivalents. BTW buy a used one because they depreciate rapidly. Expect higher EV depreciation rates as solid state battery tech is perfected and EVs get more than double the current top range.
    8
  11733. Glad you are safe !
    8
  11734. How about someone self employed, or someone with savings $ ? 🍷
    8
  11735. It's not the onterest rate as much as the continuing fiat currency collapse. Hastened by injecting trillions! It's that simple. We don't have sound money. Those prices out there are hilarious! The tax bill alone is comedy gold. Thanks for the water view.
    8
  11736. When booking a place for the Summer or Fall on the West Coast, you might want to put a provision on your lease or contract to get out of the contract should the dreaded red tide occur. Red tide is an algae bloom. It makes the air quality at the beach completely intolerable. You can’t stand to be outside and the water is toxic. Just a heads up.
    8
  11737. I'm happy about the new laws here in Florida too Michael. Thanks Michael and Happy Friday!
    8
  11738. What I did was kept my original realtor through out my tenure as an investor. That way you don't have to explain yourself over and over about what kind of house you want. And the beauty of it all, she sat on both sides of the closing table. For me as buyer and seller.
    8
  11739. Thanks for making this video. This is very helpful.
    8
  11740. I can never understand, despite the reasons Renters for Life provide, why they would want to continue renting. (It seems to me, it's about responsibility and folks that in life generally don't commit) This is more about a personality. Since we've been renting, it's been a nightmare. You just never know who will be your landlord. One landlord kicked us out within 30 days because he sold his house, another I had to sue and won, and now the landlord broke the lease, not to mention we have loud neighbors, and here we are looking for a place to live, in our case, buy. I was a homeowner years ago and used to travel for work, and I would take owning any day over renting. As we know, renting makes someone else rich. As a renter, you don't have the option to rent your place; you can when you own, even as an Airbnb.
    8
  11741. Thanks for your ongoing observations!
    8
  11742. 17k for rent...LOLOLOLOLOLOLOLOLOLOLOLLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL!
    8
  11743. When you inflate the money supply with 5 trillion $, you get inflation.
    8
  11744. Michael, I am not doing well at all right now, and neither are my friends! I've cut back on eating out completely. I spent money on flying out to see family during the holidays, but that's it. On black Friday I just bought some presents for Christmas, that's it!
    8
  11745. The beauty of living offshore in the past was the strong dollar. Arrived Puerto Banus, Spain in 1980..went to the bar, Salduba, and had a glass of wine...in pesetas, it was 55 cents US Sold my home there in 2002. That same glass of wine was now 5$.
    8
  11746. Enjoyed this one! It’s more interesting when I know what I’m looking at, and how you perceive everything. Keep em comin!
    8
  11747. Michael Bordenaro is the Einstein of real estate and finance. He tells it straight.
    8
  11748. Excellent points, I live in a condo now and have also lived in single family homes in the past. I can't wait to sell my condo and move back into a house. First, you have very little privacy in a condo compared to living in a house. Also, houses have more space than a condo does. In addition, living in a condo means you can hear your neighbors at all hours of the day and night. You also have monthly assessments when you live in a condo and these assessments usually go up every year or so. Also, you may have to pay a special assessment in addition to your monthly assessment. There are also a lot of rules and regulations when you live in a condo compared to living in a house.
    8
  11749. I work remote. Co workers in Vegas , San Diego, Tampa , west palm beach , Orlando baby. All remote . Teams and vpn baby
    8
  11750. This is why FL should make both parties use attorneys like we do in Illinois. An attorney representing the buyer will request a statement from the insurance company showing claims in the last 5 years.
    8
  11751. My Geico house insurance here in Houston had the underwriter go belly-up. My new policy ($365K home) went from $1040 (5% deductible) to $2300 per year.
    8
  11752. In this day and age, it's simply impossible to talk about economics and personal finance without also talking about politics---especially as insane as things are right now.
    8
  11753. Rockland/Westchester NY/North NJ: A livable 2/2 in a relatively safe area is probably at LEAST $2,000, likely well over $2,400. Broward and Miami-Dade County look better every day! ~$800-$1,200 split with a roommate for a relatively spacious apartment in a world class, sunny city? Sign me up😎☀️🌴
    8
  11754. You are a wise man. People do not know how to save or live within a budget. Years ago we made a concerted effort to pay our mortgage off and we were able to do it in ten years…best feeling ever to be free of that!
    8
  11755. Just moved here. Staying with someone for time being then house shopping and not looking forward to that.
    8
  11756. Congrats Michael! Next step 200k. Honesty certainly is the best policy.
    8
  11757. What first time home buyers need to understand besides payment, insurance, (high deductibles to use the insurance), TAXES, etc. they also need extra cash for repairs, breakdowns, etc. we just spent $5,000. On a new compressor. There is always something! In our area of Texas,last year they started building spec. homes. They sold for around $250,000. Now they are priced at over $300,000. Not worth it, these homes would have sold a few years ago for $138,000.
    8
  11758. Great Tour of the area....First, I think you and Lisi are too young for this "town"....This is a good place for a couple in their 40's to early 50's, who own a business or have investment income and like a quiet, nice area to do their " own thing"....Well, Michael and Lisi...that's my "take" on it.....Please let me know what you think.....
    8
  11759. Yep, we’ve also lived on a boat… The difference was we were in the 4A IFQ region in the middle of the Bering Sea out of Alaska and commercial fishing for halibut to make a living. 😂 That was half of my upbringing in a nutshell.
    8
  11760. The neighborhood you were walking through looks a lot better than the last one. I wonder if the rain we had over the weekend has greened things up? LOL on the house with the fake hedge! Back in 2008 many of my customers who had remote workers let them go first. Sadly none of those companies improved as the in office workers were actually less productive.
    8
  11761. I live now by a rule of a polish actor ,who said " live , so you have a good life, because you will not satisfy everybody " I am very happy living in Florida and if someone does not like it here , that's his or her problem,not mine.
    8
  11762. The mother of all crashes is coming very soon
    8
  11763. I think you should look at blue state vs red state issue. Business climate and policies play and big part on housing
    8
  11764. In Prescott, AZ, where I am waiting to buy, I'm seeing lots of new properties coming onto the market that were bought in the last two years. Their asking prices are about 10% above what they paid for the house. I'm going to go ahead and call it pandemic selling, since these houses were clearly bought in an effort to flea cities and states. With all of the low yield short term rentals hitting the market, coupled with new homes that are finished or near finished, I think we're on the verge of seeing inventory skyrocket.
    8
  11765. A medium size house here in Sammamish-WA costs $1.5M minimum. $2.5M~ $3M average. Florida is still affordable.
    8
  11766. No one wants to buy a house if they think it will go down after they buy it.
    8
  11767. $7,000 diffrence a year is not much; considering what you save in Florida
    8
  11768. Michael’s description is 100% accurate. I was there last month.
    8
  11769. Liz is crazy.. Calling Gators...
    8
  11770. I’m in the northeast, it’s going to be a long, cold winter. Oil is about $5 bucks a gallon
    8
  11771. congrats on 200k bro!!
    8
  11772. Totally Agree Michael, not a good time to buy. Let the dust settle. Thank You and Happy Thursday!
    8
  11773. Bubble going to burst.
    8
  11774. I have about 158k left on my mortgage I might try to sell at $100k and move in with my parents.
    8
  11775. Okay, I cried a least 5 times watching this. :'( So touching and your dad is so sweet and loving of not only his own family but for his work and coworkers and whoever else he meets I bet. It shows that he is so proud of you Michael, even though you can see it was hard for him (and your mom I'm sure) to let you spread your wings and go forth into the world. I love his t-shirt and the print over the couch. So cool. LOL I'm Italian too so all of those movies and shows are some of my faves too. Enjoy your time back home and hug your dad extra tight. He's amazing. xoxo
    8
  11776. Wouldn't title insurance on a general warranty seed cover new buyers? I would think the insurance would have to pay off the second mortgage.
    8
  11777. I don't know how you come up with such great walk and talks every day. This is another great one. Whoever does your sound is a winner. Most real estate pundits sound like their vids were recorded in a concrete box.
    8
  11778. Wow! Get interview. I will certainly check out his channel. I'm a renter and debt free, also I am waiting to see what happens in the market before buying anything. Patience is a virtue, the wait won't hurt you. Keep up the geat work.
    8
  11779. A lot of old people come to Florida, and after a few years, they go......to Heaven (or Hell).
    8
  11780. Thanks. I look forward to your Dad's input also. Great!
    8
  11781. Lots of folks ran out and brought new cars specifically the muscle and luxury cars during the pandemic and then the interest rates changed on some of those loans. Sell it or refinance through a credit union if possible for a lower interest rate. Don’t forget folks got those ten year loans. So glad my car is paid off.
    8
  11782. I moved from the LA area to Sacramento last year. I moved from 2k rent payments in the ghetto to renting for 2k in a nice neighborhood. A mediocre house in a safe neighborhood is way above 1 million in LA county. In Sacramento, safe 1600 sq ft houses start at 500k. It is very cheap to me. The locals complain about 500k being unaffordable. I just laugh on the inside. Houses in bad parts of LA county start at 600k. Most are way above that.
    8
  11783. Real fans know what you were talking about when you said “I saw it coming this time, I didn’t fall in today” 😂😂🤗
    8
  11784. Prices are all I’m waiting for. Either sale or rental price. I’m waiting for a 25% correction in SW Florida.
    8
  11785. Thank you so much for this video. I'm hoping to move to Florida within the next year or two. As a single woman its a slightly daunting even though I have visited many times before. An honest opinion from one who has actual experience is fantastic and helpful.
    8
  11786. Another con: property tax increases on non-homesteaded property. Property tax on my investment property is up 50% in five years!
    8
  11787. Always a good time to become a realtor if you are driven...
    8
  11788. Most city, state,county and federal jobs have pensions.
    8
  11789. I love this guy's videos. And he doesn't push you to subscribe to his channel. Keep up the good work dude. I just subscribed
    8
  11790. Happy Friday Michael, Thank You!
    8
  11791. Please don't forget to add Homeowners insurance prices. That HAS to be added to the equation. So many carriers are leaving different states and those who stay will charge a LOT!
    8
  11792. Even if you qualify why the hell would anyone want to sell their home with a low rate that they bought at 2019 prices? If your deal is to create a more expensive slave box then go ahead. Borrowing money comes with chains. When will people wake up?
    8
  11793. Red tide is definitely an unfortunate reality. Is it really yearly around the Tampa/ west coast area?
    8
  11794. My father had a condominium at Myrtle Beach 15 years ago the dues were 150 dollars a month before they decided the buildings needed new siding and other repairs, the new dues went up to over 500 dollars a month.
    8
  11795. Ok, I have a new appreciation of these driving videos. You shared a lot of information. I appreciate that!
    8
  11796. Thank you for letting us know you're ok. It's devastating and my heart goes out to all
    7
  11797. Michael, this is a great idea. Please take some time in Melbourne and St. Augustine for some film work, I would like to see what it is like there. Another great video, background setting was a good choice.
    7
  11798. We just moved to Palm Coast (not "The Palm Coast"), and the things you're complaining about are exactly the reason people want to live here... if we want to go to the city, there are lots of great options right nearby, but we're far enough to not get all the city crazyness or tourists. Palm coast does have plenty of business, but half the point is to get out of the big city life and still be close to anything you want.
    7
  11799. I remember when I would go to Daytona Beach, and I would see all of these large tall highrises. I was never used to that, as I live near Flagler Beach. If you remember Flagler Beach, then you would know that highrises are not really a thing. (This is because not everyone likes the idea of having towering structures above you at the beach, and it isn't that common to see a beach with no highrises in Florida when you're on the east coast. That's why it's like that over here if you didn't know.) So this was very interesting to see your perspective at Miami Beach. :)
    7
  11800. Awww!!! That was beautiful!!!😍Wish I was there I love Miami🌴.Thank you Michael may you and your family have a blessed Christmas!!! Cali says Hi!!!😎🌴❄
    7
  11801. great video Michael and totally agree on a lot topics. Wondering though PPP loan forgiveness is never brought up during your videos. Curious why their isnt more highlights there when it comes to impacts to the economy
    7
  11802. Michael said it ! Miami fantasy island ! I guess De plane De plane is not landing for the sellers in fantasy island.🤔✈️thanks Michael for covering the details of this ever changing realstate market or shall we say in some cases stubborn sellers who do not understand how to price to sell!
    7
  11803. Michael, I’m glad you covered this. My brother Manny just got back from Portugal, helping our dad. My father is in Portugal since my mom passed away in February of 2002, and he’s now 90 and still living alone. He was just released from the hospital after suffering a heart episode, but medical is so terrible (free medical) they were treating him for bronchitis, what the guy next to him was there for. In the last 2 years, he said that Portugal has turned to poop. He was robbed, home invasion. He lives in a great area, and yet, due to all drugs being legal, he has witnessed people having sex and doing drugs in the park, during the day. My cousin who checks on him just told me that a 3b 1b house in his area, is more than he makes in 20 years, working at the body shop. The liberal/ progressive capital of the world. California is in Lisbon and on steroids. It has become Paradise for LGBTQPA and drugs.
    7
  11804. Got the letter - called them same day
    7
  11805. Your videos alone help my mental health. Keep them coming please 🙏😊
    7
  11806. Sounds like they paid way too much for that house
    7
  11807. I found that if you have a late model, reliable 2000 Toyota 4runner limited full coverage of $52.79 per,/mth. The truck is in mint condition. This is with State Farm. There is no increase in 4 years. I have been blessed. So I'll hold on to old Betsy 💯👍🏾
    7
  11808. anyone who thinks that they are not paying for repairs, tax, insurance because they are renting are foolish. landlords are not in it it lose money. its factored into to what they are charging you.
    7
  11809. Thank you for sharing this information. But now I think that your California trip may be a hoax 😂😂😂 Safe travels to you and your wife. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    7
  11810.  @MichaelBordenaro  That's right. Be yourself. That's what make you you. I respect that. We're fortunate to have you giving us the facts and will not ask more than that.
    7
  11811. Hey Michael--- I admire your insights, intelligence and your articulation of the reality upon us! You are spot ON brother!
    7
  11812. Australian house rentals are Sky High as not many rentals available and big Immigration.
    7
  11813. I’m definitely going to look into this
    7
  11814. It is important to remember that the fed isnt trying to hold the rates high. Rates have been so low for so long that it seems like they are high when really they are no longer at stimulus levels.
    7
  11815. BlackRock is the next Lehman Brothers.. Enjoy the Decline 😎 👍
    7
  11816. Well most employers don't want to pay, and that's why the great majority of jobs are dead end low-paying jobs with no benefits. Hell, there is a lot of work out there but no jobs. Meaning, employers want to hire on contract basis for work but don't want to pay the social benefits which makes work into jobs. All these boomers complaining about young people not having a work ethic but they left the economy sucked dry - government ran up the debt under boomer leadership to sustain their living standards, but leaving the next generation to pay more for college and medical care! young people should vote for young people, and strip the boomers of their benefits!
    7
  11817. My major was statistics and demographics. This is something that is coming, when? Who knows, but yes this will be an inventory deluge which will push months of inventory up for next 10-20yrs.
    7
  11818. Listen to Michael guys, the rent is too damn high!
    7
  11819. I’m watching this while I’m working in Kissimmee, Florida during the pandemic. I actually wanna leave Florida since it’s getting too crowded with not just tourists every summer but in general. I’m working around tourists in the busiest area of the theme parks and man I wanna leave. I feel like people are bringing the virus here from the north lol anyways I wanna go back north but Instead of NYC where I’m originally from, I’m thinking Pennsylvania. Florida sunshine is an illusion I think, it’s beautiful but it’s getting pricey and VERY HOT!
    7
  11820. I just watch Youtube and have not watched television for 30 year's so who still watches television?
    7
  11821. Come on man, you’re smarter than that. Where do you think the Covid money comes from? Although the whole country is spending money basically on a credit card we have no intention of ever paying back. It’s called default. Love your stuff.
    7
  11822. I would move to Florida today if I could! My goal is to eventually move to coastal Florida or coastal Carolinas. I want the sun, warmth, and smell of salt air every day! Until then, still stuck in Ohio
    7
  11823. Congrats to you Michael. Well deserved ...... keep up the great work.
    7
  11824. It's almost like they knew the rent is too damn high.
    7
  11825. Lol I live in CA and you show the things that make me want to go to FL.
    7
  11826. But what happens to the people who have to sell their house? Won't they have to find an apartment? Wouldn't this make the rental market highly competitive and keep rents high which would keep demand for real estate high? I doubt everyone has the convenience of moving in with parents. People have to live somewhere.
    7
  11827. Condo HOAs are such a ponzi scheme 😆
    7
  11828. I’m not a stock expert but I watch Fox Business daily. According to majority of investment managers they interview all say the market is pricing in a fed pivot sometime this summer. Will they? Who knows should be interesting though.
    7
  11829. As a mortgage advisor & capitalist myself, I couldn’t agree more! Our politicians aren’t smart enough to think of this. They rather peddle division based skin color to gain votes which is unfortunate.
    7
  11830. I saw a house for sale today, a 2/1 near Pensacola for 159k. Looks pretty nice inside.
    7
  11831. People want too much and that's the scale they're all looking at for retirement. Live small and everyone can retire comfortably. All you need is a roof over your head and food in your belly. I'll be happy in retirement living in a small room. No big deal.
    7
  11832. In Tampa, I see more and more frequent houses "drop price" and "back on market". Houses drop from $20K to $50K (not much). I think it'll be worse by year end and continue to next year due to combination of Ukraine-Russia war, inflation, energy shortages, and layoffs. People bought the house late July might realize more and more home insurance companies left FL which could lead to more inventory.
    7
  11833. I can't take the vax, so I plan to move to Florida to live in a passport free zone. There are many other reasons to live in Florida, but for me, the vax represents a clear and present danger. I live in DC, which has become a Marxist Communist city, with regular riots by Antifa and BLM. I am 69, single, two dogs, healthy. I'll be 70 by the time I get to Sarasota, starting all over, not knowing a soul. But all I can say is, Thank Goodness for Florida!
    7
  11834. thannks for the good content!
    7
  11835. 4:10 I thought the same thing. I would rather buy a house with low/fair price and high-interest rate. So, I have a chance to refinance when the interest rate falls; this might or might not happen.
    7
  11836. i'm really close to running out of money as well.
    7
  11837. Go with your gut and tell the truth 👍 that’s why I subbed to you.
    7
  11838. Someone should come up with a "Buyers Listing Service". Someplace where a buyer could advertise their qualifications (like cash) and state what they are looking for. Let the market come to them....
    7
  11839. first!! love ur vids michael!!!!
    7
  11840. @11:00 60k a year in taxes. 5000 a month. For nothing. I’d sell that place in a heart beat.
    7
  11841. Congratulations on hitting over 1,000 subscribers!. I was just reading the news that Florida started reopening certain parts of the state?. I bet alot of Floridians went to the beach and started working out and jogging.
    7
  11842. I dont think 5% is gonna happen. With exception of the great Recession home rates were at 6-6.5% for 50 years! Your right the price is wrong! I think we are in for a 50-60% reduction in current values and a 7% rate will become the norm. And for those who think i'm full of shit well, I've got some Florida real estate for you pal! Bahahaha!!😂
    7
  11843. Liked the format change. What's happening now and what is yet to come will surely bring to the forefront why it's so important to do the unpopular things when times are good. Things like paying down debt and saving money. Just doing those two things will always improve your chances of weathering an economic storm. Everyone should have a plan that reiterates the basics of personal/business finances because having a bad or overly complicated plan is really having no plan at all.
    7
  11844. That's a really good point. I hadn't thought about the savings side of interest rates. As it applies to purchasing a home that is.
    7
  11845. Yep, just got my Palm Beach bill. Like you said many times, HOA up, taxes Up, Insurance Up. All like 14%. Why ? Because “they” said so. What do extra things do I get ? Nothing
    7
  11846. SUNDAY GREETINGS MICHAEL 🌴🌄🌴
    7
  11847. Hi Michael. I am still planning to move to Florida in around a year and a half. I have to get away from Virginia. Virginia used to be a great state be it has been taken over by more and more taxes and regulations. Thankfully we just had an election and hopefully the new administration can slow it down long enough for me to escape 😆. Anyway thanks for all your videos it helped me so much when I went to Florida this past summer. I went all the way down to West Palm Beach exploring and I stayed in Daytona Beach and Juno Beach. I was there for two weeks in June and I definitely didn't want to come back to Virginia. Yes there's a lot of people in Florida but it really didn't bother me a whole lot like I thought it would have. Hopefully the real estate market will cool down a little bit before I seriously start looking. I will definitely keep you in mind when the time comes. Thanks again Michael and I hope you and your wife had a great Thanksgiving.
    7
  11848. I've lived in San Diego, central coastal Cali, Orlando, and now South Florida all within the past decade. Ditto on what you said about Orlando...it's getting wildly expensive for a job market that revolves around tourism and a geographic location that isn't as desirable as coastal Florida. Miami rent becoming more expensive than socal is also kind of mind blowing to be honest, and I'd expect that trend to reverse at some point. Socal just has so much more to offer (desert, mountains, beaches) and perfect year round weather that Miami lacks. These are clearly pandemic trends, but as I mentioned last week in a comment on your other video, the pandemic will likely be declared over in the not so distant future so that public figures can take credit for it (midterms). In fact just yesterday California announced the end of the indoor mask mandate for most counties. And today even Fauci admitted the full blown pandemic phase is nearly over and we will be out of it sometime this year. I am hopeful that Florida has likely seen peak migration and will stagnate from here. If I'm wrong then South Florida in particular will be unlivable for the working class within the next 2-3 years.
    7
  11849. I used to live by Pensacola, FL and I really want to move back within 3-5 years!
    7
  11850. The economy is braking hard right now. Stay tuned and do what you think is best for yourself and family. Great buying opportunities are coming but it will be a rough road ahead. Hang in there people.
    7
  11851. Clearwater is safe, Tampa is safe. A few places lost power, but no flood or structure damages. I'm not sure how the home insurance would do after Hurricane Ian destroyed FL.
    7
  11852. I was telling my friend that Insurance over the last five years has put an end to club activities, parades, school field trips.......meanwhile the Homeowners plans have gone up up up. I suppose you don't need insurance to sit home and play video games....... What will be our future? tHanks for the video
    7
  11853. Yep, I had this happen on one of my houses I sold. The buyer, I was assuming was prequalified, ended up not getting the loan after the people renting the property had moved out. Made a deal with the buyer to rent it to him for a year (for more than I was renting to the previous tenants!) with an agreement to the same price in a year. Turns out it was a year and 3 months he qualified for the mortgage, so I was able to get 5K more for the house because the agreement had expired. Win I got more for the house, win, I had a renter paying more than before, win I got the house sold, win I only had to pay broker and sales commission (4%) because I had it listed on craigslist. Sometimes if you just relax it all comes together better than expected.
    7
  11854. So I've mentioned the before, and this isn't a personal attack given you yourself are a real estate investor, but real estate investing from small time buyers to the rich to hedge funds is why the American Dream is dead. The reason you could afford a reasonably priced home even on the beach is only one family owned it. There wasn't this massive let me buy for the future, let me take assets off the market to enrich myself, let me own 5-7 properties to collect rent. There's several countries NZ being one that have laws in place to prevent this, or increase taxes for each investment so exponentially it becomes a diminishing return which keeps the market regulated. Until we put the needs of the many over the needs of the few this is just going to get worse and continue to repeat itself. Additionally in reference to Intel, they're cutting 20k jobs right after getting a sweetheart deal on semiconductor plants in the US to the tune of 80+billion dollars. Guaranteed that windfall will go right into the executives bonuses....
    7
  11855. I have a job offer in winter haven (Highest Salary), Port St. Lucie (Medium Salary) and Winter Springs (Lowest Salary, high flexibility). What do you think of these towns and how do they compare it to each other?
    7
  11856. Meanwhile Bezos - is smiling ear to ear.
    7
  11857. Thank you Sir 👏❗️ You always bring us great information regarding Real Estate and all things financial. Please say hello to Lizzy for me 😊. You have to know by now that I do have a YouTube “Crush” on your beautiful wife 😂😂😂. I’m a very happily married man and my Curly haired Wife is awesome 👏 but I do appreciate beautiful people like you and Lizzy 😂. Blessings and enjoy your last days of this amazing vacation. Safe travels and keep healthy. , Carlos ✝️🙏❤️😊🇺🇸
    7
  11858. Such a cool intro to showcase the house from The Godfather!!!
    7
  11859. Mom,......when did you and Dad realize I was better looking than 99% of the males in Belvidere,......and how many people stop you on the street and ask ''are you the mother of that male model Youtube guy that does those ''Floor-ida'' videos ?
    7
  11860. Mrs Bordenaro is back...Yeeeehaaa! Michael you lucky dog..
    7
  11861. My mortgage payment is just a little more than the average car payment. That’s nucking futs man. I have a family of seven 😂 the grocery bill is a bit high right now…This timeline is crazy. Have a good evening everyone 🍻
    7
  11862. It's the women, too. Many women out there don't want to get married and/or don't want the commitment. So there's a very small pool of good women to select from.
    7
  11863. New England in Summer is heaven.
    7
  11864. And, don’t forget a place to live if you cannot occupy your place. The, the shortage of reliable contractors and availability of building materials
    7
  11865. Thank you Michael for your updates your knowledge and COMMON SENSE ! : ) 👍
    7
  11866. How are businesses going to “survive” when you want salaries to go up by 25%. The “average” Joe should move to a less expensive address. See ya
    7
  11867. Good points you bring up, very thorough and accurate. The condo assessments can be a killer. A place here in Boca had a $40,000 assessment. That is not a typo. And that's per unit, so you have to pay it. Yes, you get a coupon book and pay it off, but it's a big pill to swallow. When we were looking to buy, I always asked the realtor to find out if there were any pending or expected assessments and what the assessment history of the building was to get an idea of how often they had them. Also, a reserve is important because if a building doesn't have it, it's just a matter of time before you get assessed. It's also good just to get a visual feel for the property because if it looks old and in decline there's a good chance they will be making repairs. I've owned both houses and condos through my years living in Florida. Both have pros and cons. A house will give you more privacy, but some communities have HOA's as well to pay the guard at the gate, pool upkeep, grass cutting etc. The other thing I didn't like about a house was taxes tend to be higher (at least Broward and PB) and the killer for me was the insurance on the structure i.e. flooding and hurricane coverage was insanely high. Regarding condo's. They have rules up the ying yang, some are good, some are nonsense but you have to live with them.
    7
  11868. In California, we can petition for a temporary tax reduction based on recent sales. It's a regular cottage industry in Texas.
    7
  11869. I guess that’s how it got its name Clearwater, because the water is clear🤔
    7
  11870. Over the past week a bunch of stuff near me (NE FL) has gone "pending" or "contingent" for no apparent reason whatsoever. Weird. Some of these homes have been on market for months, just sitting there. Did something happen over the past week to motivate buyers? If so, I missed whatever that was. Not seeing much in the way of new inventory, either...maybe that's the reason and people just ran out of patience? Patience is your best friend right now.
    7
  11871. Honesty, integrity and balance... That is your show. Great show/information I really enjoy your videos. Many blessings to you and yours ✌.
    7
  11872. The market is waiting for me to buy so it can collapse
    7
  11873. I cut back on meat. Saves me a lot of money and is heathier.
    7
  11874. Not really.
    7
  11875. Spent 12 years building Hi Rises in NYC.
    7
  11876. My husband & I never liked living in an apartment when we first married & have always said we couldn’t live in one now or a high rise condo just because we like our privacy & Im scared of anything higher than the 10th floor! Lol
    7
  11877. Hey Mike, great video. The FL insurance market is a complete dumpster fire so any change is good imo, we’ll see how it shakes out. Currently owning property in FL is war - dig in and fight!!
    7
  11878. Incredible how it works in our "capitalism system". These insurance companies decide they can just insure where they don't get many claims and can make massive profit but not insure in other states where they need to pay more claims. At the end, the loser is the people. What's next, Texas and other states? They will insure where they don't have to barely pay any claims only. Insanity. This is why so many people are moving out of the United States to places like Mexico and Colombia (like me).
    7
  11879. My Son just bought a House in St Pete. Went through the First time Home buyer program. Applied for down payment assistance. It took a while but They did it. They love St Pete. Their rent was rising and they both have Jobs. So Proud
    7
  11880. New to the channel but I'm really liking the format. It's like taking a walk with a friend talking about the important stuff.
    7
  11881. Cut politicians salary by 30% . close all public parks. get rid of U S mail. ( we don't need it ). make the DMV 50% smaller. cut school lunches. cut firemen salary. i'm sure there are alot more things they can cut that we don't need.
    7
  11882. There are mhp in AZ that you own the land/lot, but those mobile homes are way more expensive, cause they can.
    7
  11883. Thank you Michael for another great video. Love the pros and cons of living in a condo or in a house. You also covered all boxes . I believe one must to look in to his needs and if he can afford it. Houses mostly is for families/ growing families while living in a condo is most suitable for young and old people who don't have the time or ability of taking care of a house . Say hi to darling LIZZI, love you both all the way from freezing cold Canada 🥰🙏😁✌💜🇨🇦💨💭🌨❄☃️
    7
  11884. They won't slow rate hikes in December. Inflation simply isn't slowing in the ways it needs to in physical goods and now it's raging higher in the services sector. No bueno
    7
  11885. Isn’t the public usually wrong🤔
    7
  11886. Denver Colorado has great scenery, the nature is wonderful in Colorado. If you love adventure and nature, Colorado will provide plenty of nice outdoors sights and sounds.
    7
  11887. Yea definitely make more beach videos. That was good video.
    7
  11888. I visited Manhattan beach back in May. Overcast 90% of the time. Still better than Dallas weather 😂
    7
  11889. It got up to the low 90s here in Utah the past few days. Tomorrow might get to 60° for the high. Maybe...
    7
  11890. Bank of America stated that 0.59% of 401(k) holders made emergency withdrawals. That's a total of 18,000 people out of >4M, according to BoA's tracking. This is a small number and nothing to worry about.
    7
  11891. We are gen x and don't own and have no retirement...we had to start over a couple time due to grad school and a nightmare renter despite lots of planning. It is so much more difficult now than 20 years ago! I'm ffing ready to have some success!
    7
  11892. Home prices will come dow. Recession is here...inflation killing everyone...
    7
  11893. Being willfully ignorant as to WHY people are stealing is due to you not wanting to address corporate greed and how the 1% hoards all wealth and are severely UNDERTAXED. People are going to eat and not starve to death. Rich people feel no pain in times like these.
    7
  11894. Good advice on making small goals for yourself. This has been a trend for me since I got a small apartment in 1980 for 210 a month at 18 years old, lol.Young people if you put your mind to doing something it can be done and you can make it happen.
    7
  11895. This commission agent deal will only help the sellers who sell and don’t plan on buying another home though. Most people who sell are looking to buy, so explain how does this will help that type of seller.
    7
  11896. You're just telling the truth Michael. If people don't like it, it's really their problem not yours.
    7
  11897. A 20% increase from record lows is still low. I hope your right but prices are still 100% higher for what I was buying in 2018. Love to see a drop. But not gambling on one
    7
  11898. The building where my office located has several businesses. One of the businesses in the property is a Urine Analysis company. They said to me today they've never had so many job applicants coming in for Ua's... Long story longer companies are hiring new employees like crazy. I DO NOT believe the fear that people are spreading. Other than inflation hitting everyone, the economy looks to be up up and away.
    7
  11899. yes 23 years ago I bought My first house for $100 K and bought and sold 8 since then so it was easy going but if I had to start off from scratch today as Homes are $500 K cheapest and nothing special I would find it not as easy.
    7
  11900. Hi Michael. I'm glad you shared your thoughts on this. It's been on my mind since it happed as well. How safe do you all feel now? Is this the sign you needed to help you and Lizzie make 'the move'? How will the market change for you and your business? Thank you for sharing your thoughts. I literally got chills the last couple of minutes of your video, you're so right, you just never know. Make every day a beautiful day, and find and spread joy everywhere you go. Prayers to your neighbors in Surfside. Much love, always. <3
    7
  11901. I see you making a few videos on buyers remorse in the future . Great view of the sunset !
    7
  11902. The way single family homes have been selling you'd think every neighbor is a multi multi millionaire ! Honestly I think aside from the true corporate purchases, many recent buyers see themselves house poor and heavily leveraged. Sooner or later this movie will not have a good ending.
    7
  11903. I have lived in Japan for 5 years now. My mother moved to Jacksonville for a job. Guess I will be headed there in a couple of years.
    7
  11904. "Lots of Florida man" things to see! Lol🤣
    7
  11905. No ocean front here at high mountain, desert, forested, plateau, hideout...NM. Neighbor's horse died from rattlesnake bite the other day. I killed one about3 months ago and making it into a hat band for the cowboy hat. So...the country. Pitfalls of ownership? You don't say! Haha. Yeah, we own, no mortgage so that helps. Hard assets while fiat currency collapse continues.
    7
  11906. Michael what do you think of homes that are being auctioned off? Obviously you need the cash but a beautiful home right around the corner from me was just auctioned off and I really wanted my sister to bid on it, 4000sqft home with a small 1000 sqft studio 3/4 acer lot just sold for $450k and I'm kicking myself for not waiting like I wanted to (just sold in SoCal and bought TN). That same home would of sold 5 months ago for $650k easily.
    7
  11907. Well I have a 2nd house in Seminole which is sandwiched between Clearwater & St Pete. It’s a great place to live & has EVERYTHING within a 15 min drive. And only a 25 min drive to Tampa.
    7
  11908. Hi Michael, thanks for another great video, since you have mentioned the new construction and price reductions when do you think this will put some pressure on the existing home sales? I have been looking in the SWFL area and it seems that existing homes are getting priced above new construction, thanks for any insight,
    7
  11909. Westchester !? Man you are far from South Beach 😅 Take a stroll at the Gables on your way back. BTW - Sold my condo in Pembroke Pines after 24 years. Became unaffordable for me too sadly. Enjoy going on these virtual neighborhood walks with you. Keep talking the talk and walking the walk - cheers.
    7
  11910. Good one Michael. My neighbor down the street in NC still house for sale. They listed it like they were mid-pandemic. Interested to see what happens there. I believe Miami will probably be last market in FL to crash as it being propped up by foreign investors.
    7
  11911. Great video Michael! We appreciate you!
    7
  11912. $400k for a 2 bd house? Good lord
    7
  11913. Ive been to both..but Recently Ive been to the North beach Area and I love it..so Serene and Beautiful..I have no desire to go to South beach anymore 💯
    7
  11914. What’s up with that small ass space leading to the bathroom from the master bedroom?! One drunken night and that tv will be bumped into and broken on the floor in no time. 😂Beautifully furnished, I’d prefer symmetrical layout. Love these house tours!
    7
  11915. If it was now and I had a choice I would definitely move to Florida rather than California. The reason is because I’m sorry to all Californians but the state is just not the beauty state that it used to be just in my opinion.
    7
  11916. It's okay. That type of area I would call "Old Florida" Needs major upgrades if they want attraction
    7
  11917. I agree with everything you said. Alot of people relocated here to Oklahoma as well. Homes were snatched up within days and sometimes hours. It was crazy!!! The homes you showed are beautiful but so expensive!!!
    7
  11918. I like your input on bradenton.
    7
  11919. Here in St Louis MO, I’m going to tell you something no one will believe. The bidding wars here are WORSE than 2020/2021. It’s crazy. Went to an open house on Sunday. The road was shut down, line to get in, 30 offers in 48 hours. It was chaos. What is going on..
    7
  11920. I laughed when you said you are “older” at 33 😆. I’m in my mid 40’s...it’s all perspective. But yes I wish I had left Illinois sooner but was just scared of change. Thankful for the life I have now though and definitely looking forward to a new chapter in Florida next year!
    7
  11921. Thank you to ,our host for these outdoor walk-around RE sessions. Always learn something
    7
  11922. Buy now pay later for groceries isn’t smart consumers stocking up. The worst is yet to come.
    7
  11923. If people chose to accept the deal that's on them. Its called being responsible. We got to stop fixing people stupid mistakes. They'll never learn
    7
  11924. Agreed. As a fitness instructor I was firstly so upset about fitness facilities getting closed due to COVID . So I started to share my workouts on YouTube channel and later created on Demand Aqua Workouts fitness platform that is now growing every day! 😅
    7
  11925. As property values Tank, property owners should request Property Tax sdjustments. I did this in my County saving about $100 per month on Property Tax. State Legislatures and County boards will soon be trying to increase Property Tax Mil Rates. I saved $1200/yr. for about 2 hours work.
    7
  11926. Rock on real estate warrior 😎 ❤️
    7
  11927. Damn man that’s a terrible reason not to have kids. Go for it! There is never a perfect time we need more families in the country
    7
  11928. When the markets collapse it gets interesting. I had a friend renting a condo, right on the river with canoe and kayak access, for $25/week. For real. The owner wanted it occupied for security reasons. The catch was the condo had to be ready for showing with a 15 minute notice. He kept the place spotless. The situation went on for over a year and gave my buddy a chance to recover financially after a divorce. Eventually the place sold.
    7
  11929. DR Horton says they have 25% contract cancellation rate this year so far. Buyers just can no longer afford to build or buy homes!
    7
  11930. Thanks for pointing out risks of adjustable-rate mortgages (ARMs). Balloon-payment mortgages are equally as risky. New house builders are doing balloon mortgages again. Many people are forced out of their house when the balloon payment comes due or the ARM rate goes sky high.
    7
  11931. 50 million homeless people in 2024?
    7
  11932. I have never been there and always was curious, now I will have to make it another to do in Florida. Thank you for sharing. Just remember a bad beach day is still better than a good work day.
    7
  11933. I dont know how you do it. You sound calm and dont look like you want to pass out so you must be fully acclimated. Lol. Its basically miami right now in the northeast right now. Drinking water is definitely key.
    7
  11934. Michael, please be careful Not to walk into one of those monster spiders !!! 😅
    7
  11935. Another great lesson! You do your homework - appreciate the hard work.
    7
  11936. Michael, I had to pay 60% more than an equal Citizens policy because my agent wouldn't sell me a Citizens policy. Apparently, Citizens was telling agents not to insure if a private company was willing to write the policy. (Slide had agreed to assume the UPC policies when UPC went bankrupt.) I always assumed insurance agents existed to help the consumer. I was wrong. Frankly, I'd go with a government policy over a private ANY DAY. When disaster strikes, private companies conveniently go insolvent. It does appear that we will ALL have to contribute a surcharge for Citizens to remain whole if another disaster occurs. So, even though I could not buy a much less expensive Citizens policy, I will still have to pay to keep them solvent. Meanwhile, if we get another bad storm, my private company can choose simply to walk away. What a racket.
    7
  11937. Whats gonna happen is two types of sellers. Those whose house sits 10-12 months and those that sell in 60 days(ie paying sellers fee)
    7
  11938. Thanks for showing us the payments & taxes on individual homes. The property taxes are so outrageous. One thing I don’t see being brought up is if someone sells a house & gets a million in profit out of it even if they pay cash for a million $ home unless they have a multiple hundred thousand salary they can’t buy a million $ house as they can’t afford the property taxes ! The taxes on million $ homes is more than the total mortgage payments of the average house!
    7
  11939. Florida will still remain a popular place to live, visit and play. But buyers are going to be more particular. Although beach living has always been coveted, more buyers are going to look at homes and condos more than 2-3 miles from the beach to avoid surge flooding possibilities. Because of new condo reserve requirements for periodic engineering studies, HOA fees will be higher in buildings 3 stories or more. Garden-type condos 2 stories or less are by law and structure not subject to this requirement and will become more popular, due to lower HOA costs. Buyers won’t be interested in properties in flood zones or projected new flood zones. Properties with high-impact hurricane windows (rated at winds of 150-179 mph), and easily accessible permanent accordion window and door shutters will be in demand. The vast majority of residences in Florida do not have the features mentioned above. Florida will certainly be livable, but you must have a property that is out of surge zones, out of flood zones and whose windows and doors are protected against up to Category 4-5 winds. In addition, properties must have a roof that is in good shape, which may require new roofs or statutorily required repair every 10 years or so. These are the residential living requirements of the future Florida. Fortunately, the 6-month winter paradise weather is prevalent all over Florida and doesn’t require a place near the beach or water. Florida will continue to prosper, but with changes. The Florida legislature is going to have to finally come to terms with the insurance issue and make some dramatic changes in the law, and it will quite likely affect all state taxpayers in terms of additional cost.
    7
  11940. Too hard to get rid of the used batteries and the production of them is bad for enviroment there has to be a Better Way oh yeah Petrol car's.
    7
  11941. My stupid neighbor has that annoying security recording. I hear it constantly, as the camera is right on my property............ A/H🤷.
    7
  11942. Florida: "I'm the sunshine state!" Arizona: "Am I a joke to you?"
    7
  11943. Of course its a lie. Its always been a lie. Its called the "Mer'cun dream" because dreams only happen when you're asleep.
    7
  11944. Michael I see all your videos about the economy being so bad and many going broke, but more people will be traveling and going on vacation this memorial day since early 2000 it doesn't add up.
    7
  11945. Nice video. Thanks
    7
  11946. Again why renting makes sense for more people than they think.... Life is not about staying in one location...we all end up at the same place in life.
    7
  11947. SUB-PRIME didn’t kill the market in 2006......it was the MEDIAN CREDIT SCORE mortgage holders that defaulted en masse- and RE INVESTORS. if a 300k house was up 42% , it would have to drop by approx. 30% to get back to 300K.. the 2020/22 bubble was far worse than 2008. affordability is now worse than 2006 so look out below.... I saw a nice existing custom home that sat at 1.25M drop to 995k in one day in the Carolinas in a fairly stable market- now imagine Florida, Texas, AZ, Las Vegas and CA.
    7
  11948. Always excited to see a new video! Thank you Michael
    7
  11949. I’m planning on moving to Florida in the next two months. I’m going to have two other roommates, but now I’m a little concerned about the low wage comments I’ve been seeing.
    7
  11950. I am just trying to pay cash for a home. That is the way.
    7
  11951. Do some videos on the midwest. Would be interested to know where it's a lot more affordable and where prices are actually dropping more than 30% from it's peak.
    7
  11952. Yes I agree ppl aren't seeing that even though it's not the same reason as '08 the outcome will be the same.
    7
  11953. Beautiful! I went to Coranado Beach in San Diego last year and although nice didn't compare to our gorgeous Florida beaches. The water was too cold for me .
    7
  11954. Been a renter and an owner. Rent was ok until my last apartment. Bunch of thieves as I lived there and the charges billed to me on my exit. What a crap experience. I was fortunate to have my current home as a rental at the time years before the madness. Yeah I pay $3k for property taxes and insurance for just over 1200 sq ft but I was paying nearly $1400 for 758 sq ft. Now that same apartment is renting for $1800. Sure I spent a bit improving this former rental into what I want but its all mine until Clause takes it away
    7
  11955. Fat and disgusting lol. I hear you though man. I love the beauty around me and I try to blend in with that. Love this video .
    7
  11956. So I owned a mobile home on a couple of acres. My homeowner insurance drops me. My mortgage company requires homeowners insurance and I cannot get it unless I get a new roof. There is nothing wrong with the roof. No tiles missing No Leaks. This does not make since. Looks to me like a scam is going on. Any ideas out there.
    7
  11957. Home insurance and car insurance are equally bad. In Los Angeles, you pay higher car insurance compare to other counties because of higher chances of collision, regardless of your A+++ record for 50 yrs of driving.
    7
  11958. I'm in Michigan and watch you every day! I appreciate you and love your channel! :) Thanks for being you!
    7
  11959. With all your gorgeous walk-abouts, Michael, your Vitamin D levels must be off the charts healthy. I would LOVE to be in California.
    7
  11960. The upcoming surge in housing supply will be pretty useless if unemployment increases with all the layoffs happening… It’s exciting to think home prices are going down, but the houses won’t sell if everyone is getting laid off. Thanks for the video. Always great stuff!
    7
  11961. you vaca in florida, you dont live there. Summers are awful there. Go have fun, leave and you dont have to worry about the storms
    7
  11962.  @MichaelBordenaro  It can make a small difference in people's lives, but not enough money has been dolled out to account for the prices of housing or to qualify people for loans on houses that are way more expensive than they were one or two years ago. FWIW, I didn't get any of that money.
    7
  11963. I agree it should be illegals for institutional investors to buy up all the inventory, but I think it’s just as wrong for ma and pop to go in for second and theirs investment opportunities when you have people like myself and most millennials and gen Z that want to buy a property and can’t even get in to get our first one. If we are to be technical, it should be a time frame that you can purchase second and third properties etc. real estate is clearly a dog eat dog world. Everyone is trying to capitalize over each other and no one really cares, it’s all about how much money and wealth can be made.
    7
  11964. It has to be money laundry. It just doesn't make sense...
    7
  11965. I enjoyed working during my life. Good social feedback and the cash reward of doing a good job. I'm retired now but I wouldn't mind going back to work if the pay for what I do kept up with inflation since I retired. It definitely did NOT. Better to go to NYC and live on shoplifting, $1000/day.
    7
  11966. Love the channel man. Your giving northerners like me something to look forward to once we move down there! Scuba diving tours are something else I think you could do that could also get you more subs. Keep up the good work.
    7
  11967. Miami MIAMI…
    7
  11968. I know this isn't typical, but I received a 35% Increase at my job. However, it took a promotion from entry level to professional.
    7
  11969. I don't like to fly Too many canceled flights Too much of a hassel going through security Seats are too small Rude flight attendants Expensive food At the airport.All you get on the plane now a days is peanuts And maybe some water. Plus parking your car at the airport is expensive and not worth the price.
    7
  11970. They better refund it because the rent is too damn high!
    7
  11971. You should talk about the bill that passed in senate and going to CA assembly to add a 15% occupational tax on short term vacation rentals in all the state of CA... this is in addition to the 11-13% occupational tax that cities in CA already demands... that's 28% in occupational tax total! a lot of people who bought houses in 2021-2022 in Palm Springs etc for vacation rentals are underwater , not collecting enough from bookings, and if this bill passes it's going to be BAD
    7
  11972.  @MichaelBordenaro  they are your fans lol
    7
  11973. I have a house in Illinois and a little over 2 years ago . They raise the electric bill 125% . Then last year is small increase 10% . These are permanent they're not going to go down . Same thing with the water bill it has more than doubled . I would like to know how they figure inflation's at 2% inflation's at 9% . These are permanent increases that are never going to go down ? Even something simple at the store like Dollar tree they're all over the country right ? They raised their prices a year ago 25% . Are they ever going to go down no !
    7
  11974. Correct Michael…the key factor is the price of a home not the interest rate which as you stated can be adjusted…crazy… yes… a magic trick to offer silly incentives that mean very little in the long term!!! Stupid math!!! Also the house flipping scenario is insane and has created some of this craziness!!
    7
  11975. This makes complete sense
    7
  11976. Thanks for the refresher video. I ignore the clowns!😂 The recession is closer than you think!
    7
  11977. Hey Michael, I live in South Venice. The house is two blocks from me lol. It should cost 250k, not 420k. Still overpriced
    7
  11978. I got an offer in the mail to take out money from my home. They said I could pay it back early or when I sell my home. I believe at sale time they would share some of the appreciation of it with me. I’m not completely stupid. I almost and I keep thinking if I should’ve just had the money for rainy day fund or figure how to invest it I a certificate/ bond program with the bank. I had to think. I’m doing ok. Why shake things up. My mortgage is at 2.86% not even $800 for a 5br,3.5ba , about 3,000sqft. Bought in 2011. I could purchase a smaller home outright with no mortgage. That was what I’m thinking I’ll do when the next opportunity comes. I’m getting older my kids are about grown. Plus I can’t keep this home clean by myself. Amen 🙏🏾
    7
  11979. 12:30 We have already passed through the Goldilocks Zone between 1970-2023.. Get ready for some fun.. & enjoy the Decline 😎 🍿.
    7
  11980. Michael here in LA u ha e to pay the tenants to get out.and if they have any disabilities or kids with adjd or anything like thst they ha e another year. I ha e a friend who hasn't paid rent in 3 years it's sickening .I can't talk to her anymore.
    7
  11981. Im planning on moving close to the ocean and never knew this was a thing. Appreciate the information! Keep up the great videos bro! 👍🏼
    7
  11982. This type of vid is so helpful. Hope you post more like it in the future!
    7
  11983.  @MichaelBordenaro  agree!
    7
  11984. In Florida, my home owners insurance doubled this year.
    7
  11985. What about Vero Beach?
    7
  11986. Over this side of the pond.. my neighbour has just sold her house in 3 days, sight unseen. There are definite slowdowns up and down the country in pockets but clearly desirable areas with low availability are still hot potatoes. I’m seeing a ton of people moving to Scotland to get out of the rat race elsewhere in the U.K. and other countries.. sounds similar to the cross state migration in the US. Love the videos, great to see a wider global perspective..
    7
  11987. Safe travels Mike, I do enjoy your videos 👍🏻
    7
  11988. As you said, except for Tamps the West Coast is very serene. A great place to retire with great weather. The East Coast is very vibrant especially the Miami/Fort Lauderdale area! Right now, we much prefer the East Coast. Maybe in 10+ years after we are fully retired, we might consider the West Coast.
    7
  11989. I’ve been to sanibel captiva many times. Pre cerveza craziness, you could get on captiva for less than $300k, now there’s nothing on the market for less than $800k. Sanibel you used to be able to get on the island for less than $300k, now there’s nothing under $550k on the market. It’s mostly full of old people and tourists with kids. There’s really only one road basically on the islands, making it a huge headache to get around much of the time. They also consistently suffer from poor water conditions and red tide due to Lake O draining all those chemicals right there in fort Myers.
    7
  11990. Hi from Australia yesterday the price of petrol rose to $2.06 a liter. It is Criminal.
    7
  11991. Insurance companies are never your friends.
    7
  11992. The whole financial “show” is almost over. Debt and deficit have us at the end.
    7
  11993. Dear Cathy, Time for your Financial Cleansing. Sell your loser zombie company stocks, - Jay P
    7
  11994. 80% may say they aren't going to sell until they lose their job, their credit card debt with increasing rates catches up, or the property taxes, repairs/upkeep, insurance, and ridiculously high car payments all catch up. Most foreclosures take on average 6+mo to complete, it took 2+ years for the fallout from 06-08 to be realized in the housing markets despite early signs of failure and to add to all of it the Fed is in no position to step in at this point. We are only now in mid 2022 starting to see a "slowing" housing market, I expect we won't realize the full fallout until 24-26 and possibly longer. The world wasn't born in a day and it won't die off in one either. Oh and none of this takes into account the fact that based on average incomes across the country most people can't afford a house, which to all the low level investors hoarding houses hoping to profit off rent we saw how that worked out in 08 as well. Family friend owned 4 houses at the height of the collapse, lost all of them, had to file for bankruptcy, and ended up in a small manufactured home for the next decade. The due from the greed boom will catch up in the same fashion, history repeats itself.
    7
  11995. I think declining birthrates will be a huge problem for the US and irlts competitiveness globally. Japan is facing this issue now!
    7
  11996. The biggest problem is the confusion over WHO the sellers realtor represents..sometimes there is definitely a conflict of interests and a lot of smoke and mirrors. The reason buyer should have to select and pay their own realtor is to avoid this type misrepresentation especially in the negotiation phase of the deal. It’s very unprofessional and keeps the sellers realtor from collecting both ends of the commission when he/she should be ONLY representing the seller IMO.
    7
  11997. Personally I don't like any big city! 100k or less population is always better!
    7
  11998. It was hot and humid when I was in Miami in March.
    7
  11999. Better off to rent
    7
  12000. Glad to be early! Hope you’re doing well Michael!!! Look forward to your opinions/information each day! Cheers bro 🍻
    7
  12001. This is a great idea in the sense that it gives your followers a feel for the neighborhoods up the beach.
    7
  12002. Key West has fantastic coral reefs. I enjoyed them so much.
    7
  12003. You have a tough bodyguard 💪🏾
    7
  12004. Tax Refund? Whats that?
    7
  12005. companies are demanding people go back to the office... at the workers expense... and hardship.... how many of those companies will be doing layoffs in the coming economic downturn????
    7
  12006. Thank you for that analysis of great places to live in Florida. I noticed you didn't mention Palm Coast that is nestled between St. Augustine and Daytona Beach. I lived there for a long time. It was a wonderful place, but not made to grow like it has over the past two years. I will delve deeper from your lists. I have my eye on Satellite Beach. Keep up the fantastic work you do on the Sunshine State!
    7
  12007. I just don't get electric? High price, high insurance, tire wear, charging hassle, environmental untruths, poor cold performance, trip anxiety, fire hazard. Will never buy electric!
    7
  12008. A deep recession is a given! I am not so sure that we may actually be headed for another depression! 2008 will look like nothing compared to what we are about to see!
    7
  12009. Not only No . But hell no I don’t have that kind of money to repair my house .
    7
  12010. Mortgage business is a total mess. I dont think it will ever come back the way its been the last 50 years.
    7
  12011. I am a realtor in the Toronto area and on average, since the height in late March, our prices are down 30% with more to come. This past week, our prime went up another .75 and is expected to rise 1 percent more in late November. I think 20 percent is conservative considering inventory creep, continuing interest rate rise and buyer negotiating power coming into play
    7
  12012. Probably 1/3 of people here drive an all-electric or hybrid car out here now. Our high gas tax, weird formulation that state requires for smog control mean the price of gas never goes down. Combined with generous state and federal incentives, electric cars look good from a cost standpoint.
    7
  12013. People are not losing their jobs or homes like in 2008…however, you just said, credit card debt is up, consumables, up, food up, energy up, maintenance for homes, up…something just doesn’t add up.
    7
  12014. I don't believe the interest on a HELOC loan is tax deductible, but the interest on a cash out refi IS tax deductible. But the best policy is to secure the roof over your head.
    7
  12015. I wonder if sellers are still hoping for the "soft landing". Come springtime, inflation will magically vanish with very few job losses, the FED will lower the interest rates, and we'll live happily ever after.
    7
  12016. I must say, sir, I really admire your black and pepper style. Thank you for the good information like always. 😎
    7
  12017. Your first example shows a Rolls Royce in the driveway....why do I feel ANY SORROW for them?????????????????????????
    7
  12018. Thanks!
    7
  12019. So beautiful. Do you think you’d ever consider moving to California? we do have the best weather
    7
  12020. You made it.. yay!🏖
    7
  12021. The Fed came out yesterday and looks like they may raise rates end of 2023.
    7
  12022. Charging to charge fee. WTF!
    7
  12023.  @MichaelBordenaro  Awwwe thanks Michael.... so I guess I’m a true southern belle huh Lol 😁💛
    7
  12024. I seen one of those flips here in southwest Oklahoma City area. Closed last month at 270,000. Cleaned up exterior yard that was completely overgrown and dumped al the crap inside and outside. Listed three days ago without any other changes for 239,900. Figure they dumped 3 to 4K just in clean up. That made property look way better on .85 acre lot.
    7
  12025. Lord in Heaven. We in trubba...
    7
  12026. Then, as the economy worsens, these people will be cut by their companies.
    7
  12027. My friend lives in a modest home, in SWFL, she lives near the airport, not on or close to water, her insurance, beginning January 1st went up $500/month. This is entry level housing. A real estate attorney who works on large projects told me, insurance has been a problem for a while and its not priced into housing yet but its in the process of pricing in. High mortgage rates, insurance, property taxes..im guessing a lot of downward pressure on housing
    7
  12028. John Oliver actually did an episode on this a little bit ago; how investors are buying up mobile home parks.
    7
  12029. Only going to get worse as the sea level rises in coming years. Id think about moving somewhere with more elevation
    7
  12030. The price for insurance is crazy.... especially for the rest of us that are being hit with higher rates to cover the losses/risk that insurance companies have assumed in areas like coastal Florida. As to the houses you showed us today that are in a high risk flood zone.... yet (from what I could see)... most were built on a slab at grade. Even in the mildest of floods.... the water is rolling right into the front door! No wonder the insurance rates are so high!
    7
  12031. It's over in so cal. You'll NEVER EVER be able to put 10 or 15k down and get a home for 2k a month EVER AGAIN! Mark my words. You'll see this message in 2030 and you'll be wishing you can have a 3500 dollar mortgage!
    7
  12032. My Wife and I are thinking of moving to Florida in a couple years. Hurricanes are one of our biggest fears. We work remotely so that gives us a lot of flexibility in terms of location. Are there any suggestions for locations we should be looking at with safety in mind. We dont really go out much so up and coming developing areas wouldnt be bad.
    7
  12033. Completely agree, thinking about my mom, she was always conservative and a saver. She bought a house for a rental property in the early 80s with a 12% interest loan, and she had bank CDs that paid 17%.
    7
  12034. I agree with you. Good advice.
    7
  12035. then the people who get ruined turn around and blame the realtor, the broker, the lender, the government, the system, capitalism, landlords, and everyone else who isnt themselves...
    7
  12036. Michael, I'm going waaaayyyy out on a limb here : but I think REOs, short sales, etc, etc, etc...are going to get the inventory exploding, and buyers coming back iin droves. No more buyers on their knees begging for their offer to get accepted. They won't have to offer $40K over ask, their left kidney, and their first born child.
    7
  12037. Free money isn't free, it's always paid with inflation.
    7
  12038. Everyone who's smart that owns a condo in Florida will try to sell before their HOA says there's a new repair assement fee on top of thie hoa fee and mortgage. Call it another mortgage if you want. It'll be a loan of $10million+. You just better hope there's enough units in the building to share the burden.
    7
  12039. What's going to happen with the HOA association assessment fees? Through the roof I suppose
    7
  12040. Here is my theory, the FED will continue raising the interest rate as they told us, and the problem is a lot of people is making the commitment with builders to buy a house but at the moment the house is done will be not affordable for them first because the interest rate keep it them out, second because the inflation also keep the prices going up in the materials then the FED will want to put again the interest rates down but that just will fix one part of the problem then the crash will happen but I don't believe the prices will collapse just the market I'm just guessing seeing the current situation hopefully just the market going back to normal and inflation become better
    7
  12041. You just have to wonder what fool will buy that house?
    7
  12042. I'm not selling my inherited house. I live in it. I've been living here for 10 years. But the house was just put into my name less than 2 months ago. I would LOVE to leave this neighborhood. But I can't afford to buy anything else right now.
    7
  12043. Thank you Michael for keeping us informed 👍 😀
    7
  12044. My grandma did a reverse mortgage. At that time it seemed a good idea. After she passed, we had to come up with the money immediately. We couldn’t come up with the money and the house was sold from us. It was a shame.
    7
  12045. 1 Month Treasury? where can I look into this?
    7
  12046. Welcome home Michael!! 🥳.
    7
  12047. Thank you for your insight. I'm one of the people who had hopes of moving to Florida and this hot market was starting to dash my dreams, but you've restored a bit of that hope!
    7
  12048. Paid off Home . Just paying Uncle Sam property taxes and insurance.
    7
  12049. Showing us Florida on a Sunday 👌😁
    7
  12050. The price in and of itself is good. But, you'd really want to live in SB to buy this...no pool, no elevators, no designated parking. The building may be deco, but no elements of that in the unit. Not for me.
    7
  12051. This video was very helpful! Thank you! Florida is thriving!!
    7
  12052. eh, I like a hoa, necessary evil. No cars parked on the streets and lawns not a mess. For the 80/month we get alot of stuff.
    7
  12053. I know when we bought our last house, it was more difficult to get a mortgage for two unmarried people. With mortgages being harder to get, this could be a factor. I think you should get married first but there is no reason to spend so much on weddings. We are in the age of “everyone must have everything “ and I know young couples who spend tens of thousands on their wedding. They don’t even know where they are going to live after. It’s all for show so they can boast on The Facebook 😂
    7
  12054. This was how the Roman Empire looked before it collapsed.
    7
  12055. I'm selling my house with a 3.8% int rate. I received a really great offer and found a property that is a significant improvement for only 600 more per month. I thought about building, however the numbers didn't work. Leaving a 900sqft house, to a 2600sqft. I required the upgrade, as I'm building my family.
    7
  12056. Mike that house that sat for 2 years without renters and is now selling, can you tell if thats an investor like blackrock? I mean who can absorb those kinds of losses, between the mortgage, the insurance, the property taxes and maintenance, we are probably talking about 65k a year. Not many individuals have those kinds of pockets.
    7
  12057. I would never live anywhere that has a HOA fee. It always starts out affordable then it goes sky high and then you can't afford it. Always!
    7
  12058. Also you have to be able to tolerate visitors i.e. "tourists" from different parts of the world. Florida is one of the most visited places on the planet and it's a part of life here
    7
  12059. How many layoffs are coming since the holiday shopping rush is over??
    7
  12060. No worries... the Patriot Foreclosure act of 2023 will bail out all the reckless borrowers.
    7
  12061. Your presentation was terrifically interesting because it fully explained the human element of what it was to go through the changes we go through plus Covid isolation. That was so big, so awful thank you for this. I am introduced to you because of Prepper princess and what you did for a video with her just the other week. I punched you in full-time as a subscriber right then and I’m glad I did. Carry-on young man carry-on. I’m so glad you have a girlfriend. Every one of us needs a real companion I must say.
    7
  12062. Uber is a good side hustle and you can meet new people. I wonder how many more videos I have to see before I move lol
    7
  12063. I thought about this topic couple days ago and was wondering if people would migrate north to find a rental or purchase a home up in Bradenton or Tampa. This just awesome for the market!!! Ugh, I'm sure the FEMA fraud will be rampant from this hurricane.
    7
  12064. Michael, it’s the same thing here in Chicago. The reason the cities are fining the owner is because the cities need the money, and they know the only people they can get it from is the property owners.
    7
  12065. People with $100K in the bank should just self-insure...
    7
  12066. The country of Australia has gone cash less (no cash)
    7
  12067. If Trump gets in and the economy stays the same or gets even worse who or what are people going to blame then?
    7
  12068. 👏👏👏👏👏👏👏 You always cover a very broad range of news and that’s something that I really appreciate. Thank you for doing a daily video. I know that it takes time and research to bring this to us. I hope that your channel grows and GROWS!!! I really Love watching your channel every day. You really cover so much 👏👏👏👏❗️❗️❗️🎊 Do you happen to know of any Realtors in the Clearwater area???? For some strange reason I have felt a calling to this area for a very long time. Do you think that Clearwater is a good place to retire at?? Thank you and God Bless,Carlos ✝️🙏❤️😊❗️
    7
  12069. And it’s sad that they have to raise interest rates in order to force people to make smarter decisions. Smh
    7
  12070. We were driving up highway 27 in Davenport fl. Saw a new apartment building with a sign that said free rent. Another senior living apartment building in Davenport has many vacancies and is offering free rent for 2 or 3 months. The building is 3 years old and has had problem renting since being built.
    7
  12071. Home Depot was suppose to close years ago and I'm surprised it's still standing with all the stealing from my state (ca) in home Depot. 😬 😳
    7
  12072. I have great Respect for you! May God bless you abundantly! 🙏
    7
  12073. Where is it cooler in the summer? I live in Florida and want to leave in the summer too as I am 62 and agree it’s getting hotter.
    7
  12074. Hello Michael, I enjoy your videos and the valuable information you give out freely, but I wanted to make a quick comment. I work IT for a large real estate conglomerate and I NEVER see any clients in any of our offices. I work between 15-30 offices in this state and spend 20-30 hours a week in our offices and I can confidently say that it has been months at least, likely since last summer, since I've seen a client in office looking for an agent. Any agent that we have will go out of their way to meet a client out of office as our offices have honestly become depressing due to there being absolutely zero clients coming in and nothing but agents hunting for clients (and the staff that supports them). This scarcity of clients is the same for brokerage, title, and lenders, and in my opinion waiting for walk in clients is NOT a good way to get potential customers for hungry agents. I bet this was a really good way to network historically, but this has not been my experience at all in the last 6 months.
    7
  12075. Sooo what day is this going to happen!?….because I’m ready to pounce 😂🤣
    7
  12076. Thanks for another informative video. I had already decided I was staying away from condos because of the costs associated with assessments etc in my search for a Florida home. The Condo Collapse in Surfside has now elevated the safety issues of condos near the ocean. In my opinion, this in the short term is going to reduce the demand for condos from people that have concerns about costs and safety. Demand for condos from people that don't share these concerns are going to still remain. I can also see demand for the newly constructed condos to remain about the same or slightly increase as some people stay away from the older condos. It will be interesting to see how the demand for condos play out in the years to come in Florida. This was a horrible incident to occur and I feel for all the people that may have lost loved ones in this tragedy and I praise all the heroes that helped someone in this tragedy. Hopefully we can all learn from this and fight to make sure this never happens again. Michael I hope you continue to educate us on the many issues involved in real estate. You are part of the solution because you are educating and helping people make informed decisions about real estate.
    7
  12077. People are going here for a sort of therapeutic effect...you also dig in deep and make good guestimations all around. Thank you MB
    7
  12078. The only people refinancing now are just taking equity out to survive. No other reason to refinance at higher rates so 66% down is alarming because that means 34% refinancing are pulling out equity and that’s not a good sign.
    7
  12079. Try going on vacation with 2 little kids. You have it good Michael, my wife and I can’t even enjoy the food in the restaurant, we swallow the food fast as the kids are non stop work.
    7
  12080. Retail theft at box stores such as Wall Mart is ridiculous. Some see thousands of dollars a day in stock loss. Sadding to realize the lack of morals of some . The sixth commandment thou shall not steal rings hollow, in times past even the very poor would not stoop to such low action.
    7
  12081. Congrats on 80k Michael 🎉🎊🥳
    7
  12082. Bravo...right to the point 😉💚
    7
  12083. Wish I could afford to live in the villages.
    7
  12084. I feel homes are to expensive and spending $400K and the payment each month, Price Gouging !!!
    7
  12085. Geez, man. You live in paradise. It was -15 last night where I live. 😂
    7
  12086. Was doing a 'desktop' job in an archaeology firm last year. All the land departments were working remotely, but the manager of the nautical archaeology department was stubborn on the issue. We would give a month's notice, then the firm owner would fire us for some made up infraction so he didn't have to pay unemployment. Moved to Florida and have been teaching school since then. Love it dearly.
    7
  12087. Love North Florida even more than South. Plus we can drive to South Florida but still enjoy the incredible beauty here that South Florida doesn't have any longer because of population.
    7
  12088. Family is everything that’s the Italian way ❤
    7
  12089. I live in FL and watching this video is making me think if I should move to another city 😂😂 great video! Thanks for putting this info together, a lot of people move to different states and definitely need to know a little bit more before they make the move.
    7
  12090. I must be in the twilight zone in Westwood Lakes. Prices are still going up, when will things finally start going down?
    7
  12091. If housing goes down new buyers buying cheaper will be able to rent out for lower prices as their math will be better.
    7
  12092. Michael - Just keep telling the truth.
    7
  12093. I've been waiting for you to do this since you did your gold and silver video. Congratulations ! This is a super smart move...Now you need a hardware wallet to really own your bitcoin and get it off coinbase. Look into the trezor T or ledger Nano X !!!
    7
  12094. It was alright in St Augustine. Especially the beaches. The cool weather helped, though. Nice and toasty now.
    7
  12095. We spend 19% of our net income on rent which is even lower if you’re talking gross. I would never consider increasing that percentage on a place to cook, shit and sleep.
    7
  12096. Remember, those supposed buyers could lose jobs as well.
    7
  12097. Miami is WAY better than LA... New York isn’t even the same type of life style so won’t even compare the two.
    7
  12098. I'm so excited hearing this that I'm going to run through my neighborhood without any clothes on. 😂
    7
  12099. I have paid $40,680 in rent over the last 3 years. I would of rather bought a home, even at a higher price, than give that much money to a landlord.
    7
  12100. Like you said people are smart and cashing in. Most realize they wont see these kinds of returns again. Would be great if you could set up an interview with someone selling. They are probably retiring or getting out of Florida lol. Thanks for sharing.
    7
  12101. Good job Michael. Nice info like always.
    7
  12102. I just visited Palm Coast last week and I agree with most of what you shared. A very quiet, sleepy, suburb. We decided to pass and look for a place with a little more going on.
    7
  12103. Are there any 2 bdrm beach front houses under 450K? Or condos under 300K? I see many condos on Zillow but HOAs are super high.
    7
  12104. I love how this sellers just feel they can ask whatever they want for their home and not lower their price regardless if it sits for months. Especially in Florida. They are definitely on a different planet or don’t feel they need to lower their price. Unbelievable!!! Great video as always!
    7
  12105. my sons keep telling me "BUY a house!" BRO....I'm in Naples FL....the prices are SO inflated right now here, it is obscene....PLUS....many folks I know are having their insurance cancelled for their homeowner's insurance. CRAZY! I pay $1,000 to rent a 3 bd 2 ba place here...she has NEVER raised the rent.
    7
  12106. Here in Empire Calif. (Modesto) the only thing under $200,000 is a trailer or a red tagged/condemned home...
    7
  12107. Another reality check. Many don't want to hear it, but the facts will have to be addressed sooner or later. Thanks Michael.
    7
  12108. I've visited all ten places on your list and have lived in 4 of them. Still trying to decide on a permanent FL retirement location in a few years. I may spend a couple of months touring the entire state.
    7
  12109. FOMO has faded those that have bought have buyers remorse common sense has finally set in over panic.. the sad reality is those that purchased in the last 2 years are going to have major negative equity and they caused it by panic buying..
    7
  12110. Its criminal that people with no kids pay for school tax meanwhile people with 8 kids in an apartment pays nothing. Like what the fuck is that? I pay $4000 a year school tax and i have no kids.
    7
  12111. Do you have a video on Bugs, snakes and gators? That's what's stopping us from moving there (Tampa). Thanks!
    7
  12112. Great content. Thank you.
    7
  12113. Well since seeing Champlain towers going down not so sure I want to live in those buildings put up in the 80s boom. Otherwise looks like a great little town
    7
  12114. Excellent advice and thank you for keeping it real! .. appreciate and agree with your insights
    7
  12115. Yeah! Don’t move here! Lol Let the prices drop back to reflect local wages!!! Michael, my 352 unit complex has lowered their base rent on 2/2’s by $300 in the past two weeks. (Still $86 more than my base rent) They have Ten units available. 11 one bedrooms. Seven three bedrooms. IF they’d stop overpricing lease renewals, maybe they wouldn’t be losing so many tenants. I pray it stays low and I get a break on my next lease offer in October 🙏
    7
  12116. Absolutely true. Just connect the dots
    7
  12117. I love your channel. It's like listening to a side long time friend tell me all about Real estate. I live in wedt palm.beach and we were hit bad in 2008-12 with values
    7
  12118. anybody can get got, god bless America 🇺🇸🙏.
    7
  12119. I'm in Florida too, Ft Myers, and prices have exploded here because of all the New Yorkers flooding in with cash. Hold tight brother, things will turn around soon.
    7
  12120. This is my biggest qualm about living by the ocean. That ocean water eats away at everything in its path. Thanks for letting people know as this can be very expensive/annoying to deal/live with.
    7
  12121. New Smyrna is a very nice small town also
    7
  12122. Unfortunately I don't have parents. I left home pretty much as soon as I turned 18. I couldn't imagine living at home as an adult although sometimes I wish I had parents, I might have stayed home and saved like some people do. It's rough saving while paying exorbitant rents! I can see why people do it, uncomfortable as it may be.
    7
  12123. One lesson that should be taken from Seaside is that communities like it are so highly demanded that there's an insane craze to get into it that ruins everything. The demand for truly community oriented cities that are walkable are so horribly underserved due to the difficulties of building one thanks to regulation that they get destroyed by sky high land values and turned into tourist destinations and playgrounds for the rich.
    7
  12124. Florida is the best place where you can move special close to the water!!!!
    7
  12125. Nice report. Although the town is small and doesn't have a whole lot to offer, this was still our favorite town we visited in Florida. St. Augustine may have more to offer, but it's very commercialized and touristy. While New Smyrna on the other hand was more friendly and laid back and had a very authentic Floridian vibe. That being said, I'm not so sure if I'd wanna stay there, as all the sites can be visited within an hour, but if you're traveling or staying in the area, it's definitely worth stopping for an hour or two, to visit the ruins and the colorful streets and businesses.
    7
  12126. Thanks Michael, you always have interesting content…
    7
  12127. In “most desirable areas” the home price is NOT $400K my man… it’s $800K. True story…. Now some may desire home in Tupelo, Mississippi, however I’ll take SoCal instead all day long. Find me $400K house in SoCal!
    7
  12128. Please explain to me how so many people can afford a one or two million dollar home and pay the taxes and insurance that is required plus other expenses. The buyers must be out there because prices keep going up and up so the demand is still there. What am I missing besides the inventory is low, because there still are many people who can buy these homes. Thank you.
    7
  12129. The people complaining about movers are people that are 100% political about it. And these are the same complainers that are never the solution to their own problems, let alone the reasons people are leaving their states. Realistically, people who move to FL should be the ones worried about the natives.
    7
  12130. What you have not talked about is if the homeowners of the condo's get foreclosed on or walk away the remaining owners have to pay more to make up the difference of the dues not collected from the foreclosed condo's.
    7
  12131. I'm so done with California. I've lived in Southern California my whole life and it hurts me to say this but California is a shithole. This is no longer the home I once knew and loved. I don't know if Florida is for me, but I'm leaving California.
    7
  12132. Excellent information! I agree with ditching the fireplace, simply because I have one, and chimney sweeps are the most corrupt people on the planet. You either can't find one, or you can't be sure they actually did anything, or they over-charge (I know, it's a free market economy and they wouldn't over-charge if people did not overpay). Anyway, I go to the store to buy some fried chicken, potato salad and a 20 ounce Coke, so the location would not work for me either. I would be on the road all day.
    7
  12133. $1.2M to live on a street with no drainage or sidewalks lights. It appears to be very wet in that area. Good luck Homeowner
    7
  12134. Sometimes people contribute a lot to their poor retirement. I see lots of expensive trucks around, resorts at Christmas are almost fully booked, nobody at our office has any clue what PE ratio or company income statement is and so on and so on.
    7
  12135. This is exactly what I feel! It’s like you’re literally expressing my thoughts.
    7
  12136. "There's a sucker born every minute" --P. T. Barnum
    7
  12137. Awesome presentaion, thanks and God bless for keeping us informed on the truth in the housing market.
    7
  12138. Now we agree on the student loan tip. I myself applied for the aid, but my husband and I decided to just pay off the whole balance. People are so upset about the aid, but for the ones who really need it, they will still have a substantial balance. I hate to say I don't see it getting forgiven but it surely would be nice for those who can benefit.
    7
  12139. True story with a twist of irony... Went to two different colleges and amassed 30 more credits than were needed to graduate. After my last semester I thought about grad school, but I saw a sales position ad on a corkboard (2002). Decided to look into it and 20 years later I make $500k in RESIDUAL income plus anything new I sell. And I never actually applied for my degree despite having enough credits. My education had nothing to do with my success but have to give credit to the UofOregon for their corkboard! A lot of people I went to school with got Environmental Studies degrees etc and I felt some judgement for being a "salesman" but things turned out great! Sell something or build something first and then go to school if you want! (Disclosure: this advice is meant for the people who don't have a strong vision for their future like doctors, lawyers, engineers)
    7
  12140. The very reason I would never buy HOA. I grew up in Fla. from 1970. it was so beautiful then. Still so natural, you know. Call some place paradise. kiss it goodbye. The throngs come and there is no going back,
    7
  12141. Thanks so much for this video. I have recently moved to Florida with my family from New York to Jacksonville and although I love Florida, Jax is not so great. St. Augustine was my original choice so I am happy to hear that this is also your best choice as well. I am now considering moving again so this is where I am focused. I love your vibe and glad to see you are a man of music so I trust your choices and experience. If you have any advise on where in Saint Augustine is recommended, please let me know. I feel like a fish out of water here.
    7
  12142. People need to realize and stand behind the agreements they sign with agents and corporations and not complain later that they didn't understand. Be responsible for the decisions you make. You can also seek the advice of an attorney and not play dumb and ignorant.
    7
  12143. In my opinion, sudden 25-30 percent spike is not healthy. No doubt the housing market will go down for another 10 and even15 percent in some areas. I think it is not bad at all, and honestly, I would call it a correction not a crash.
    7
  12144. The other 31% recently overpaid for a home. That’s to bad!
    7
  12145. Your videos are awesome. I feel your pain. The stock market should rebound, but the likelihood of a lost decade is becoming more and more realistic.
    7
  12146. Most listing agents are pulling the pics off popular websites so you can’t see whether any work was done or not. To me, this is dishonest.
    7
  12147. Lots of Cuban ppl there
    7
  12148. ❤ Just make more money. Houses suck ( except as asets). College is a joke. You can't take it with ya.
    7
  12149. My family moved to Miami in 1968... I was the last one to leave in 2000... Moved to N.Georgia. Never looked back...
    7
  12150. Seniors here...no mortgage as planned. Getting property taxes fixed based on income via tax return proof. New Mexico tries to help the seniors. Green house is all covered and greens are going! Grew sunchokes for first time. Yum! Water views, thanks!
    7
  12151. Do one on wage theft surging to record breaking levels
    7
  12152. Checking in from Vegas
    7
  12153. But if you invest the difference between renting and owning I think you would end up with more money in the end.
    7
  12154. Love your channel. Moved here from Illinois and loving life. Retirement is Great! Keep up the great work.
    7
  12155. What did P.T. Barnum say? I just shake my head in disbelief and thank God every day for the brain he gave me.
    7
  12156. Asking Graham for advice on RE is like asking a barber if you need a haircut. Gold is a storer of wealth
    7
  12157. Always appreciate your videos!
    7
  12158. Yep my brother was a responsible renter in same house for 11 years and the owner wanted to sell and gave him 60 days to vacate. Then he priced the house too high and it couldn’t sell so he ended up renting it again. Owners don’t care.
    7
  12159. For such an expensive area it looks so getho with all the cars parked up on the curbs and grass like some hood. Crazy! Places that have homes with cars on the lawns are those that sell for under 100k
    7
  12160. Another nice video that feels like a tiny escape for me. It's snowing here again today (ughh), so the sunshine and palm trees in your vids help. xo
    7
  12161. I am in this situation now in Florida. Corporate entities buying up units in my older condo building. Two condo units on my floor was purchased by a mergers and acquisition, real estate finance group from California.
    7
  12162. Michael,.....this is only scary if you plan on paying off your debt,.....many people don't.
    7
  12163. Well that's scary ^^
    7
  12164. Thanks for sharing ! I am a completely newbie so that kind of expericences on Flippa is so amazing and I'm sorry for your loss. Thanks so much :D
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  12165. Being in the Charlotte area I just had to buy a home. Why? The rents here for the same 3 bedroom house with a garage.(I have a motorcycle) starts at $300- up to $1200 more a month than I would pay on my mortgage. I was going to rent until things cooled down but It's still crazy out here at least for the time being. I have not seen very much in price drops since looking this time last year. I got a reasonable deal from someone who had to get out from under their house. Right time right place for me but if not I would be renting waiting it out.
    7
  12166. Home prices are still at all time record high.
    7
  12167. I’ve been watching rental prices in Colorado for a couple of years and they are definitely going down..
    7
  12168. Note to Self: Don't Buy Now.
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  12169. By popular demand we want to see Skid Row here, tent encampments in front of million dollar properties, soiled buckets, e-bikes, RVs, people high on Tranq swarming streets like The Walking Dead = that's more of a sign of our times. Same throughout cities in U.S. .. People are in deep pain out there
    7
  12170. Happy New Year Michael! Fingers crossed home prices and apartment rents go down in 2023.
    7
  12171. Rent is going up in the DC area. Crazy 😜
    7
  12172. Yep South Carolina that’ll ruin it for everyone here in the south are roads cannot handle the people that are already here and if you don’t mind waiting for a doctor a really good one for about eight months to a year to get in then I guess come to South Carolina
    7
  12173. You want to know why google is giving them a “severance” pay? So they don’t file unemployment which would be way more expensive.
    7
  12174. I can always count on you to deliver quality integrity based information regarding the housing market. It shows you truly care for your viewers. May you be blessed abundantly beyond your expectations🏖
    7
  12175. I like condo
    7
  12176. Own a condo ..no work .. i don't live there but i pay over 700 in condo fees per month and we have a decent reserve.. the other condo had a much lower reserve but when they had a huge underground problem, everybody was hit with a 12 to 15 thousand dollar bill, depending on size of condo they had ...i would rather own .. hate throwing money at the landlord
    7
  12177. I bought a townhouse in 1997.... i wish i had bought a home.. my HOA went from $103 to currently $177. That money could have gone to the house instead. Some of the HOA rules are not fair! They tried to fine me for a cardboard box going out in the trash! Buying a home you are in control. If you dont want to mow grass or maintain a pool... you can always pay someone to do it. Its not that expensive! The area of miami i live so far has not had much of a theft problem with packages. I do enjoy my place... you can improve your home over time.... ! Its do able!
    7
  12178. It’s all about who is your neighbor. I was very happy staying my condo for 5 years. After new neighbor with dog and smoker, things changed. All the noises from upstair and next door is unbearable. I will never buy condo. Maybe townhome is a good compromise for me.
    7
  12179. Once Zillow cut its workforce and stopped buying homes I knew the housing market crash was incoming. We’re in a potential Depression. It’s a bear market and the day to day person can’t afford a 300k house. Causing these Monopolies pockets to hurt. It’s a trickle effect.
    7
  12180. SUCH A VERY SAD THING....so sad.
    7
  12181. Thank you for this video! ❤️ Sunny isles is my favorite!!! I lived in Collins ave Sunny isles and worked in Aventura. I’m going back to live there! You are right about all those other places! I lived in Tampa and Clearwater too you are so right about those places .Sarssota was mostly for seniors but I think it’s changed now . You didn’t mention Ft lauderdale I didn’t care about it too much ! I love Miami looking to buy something there soon! 🏖☀️🌴🌴🦜🦩🌞❤️🤩😎 MIAMI IS A PARADISE! I LOVE GOV De Santis!
    7
  12182. Don't buy an all electric car; buy a hybrid. My son has a Ford Escape Plug-in Hybrid with a 2.5L gas engine and he loves it. He gets a 52 mile range on pure electric. This covers his daily commute to work and back and routine shopping around town. He charges it through a normal outlet in his garage for about $1. About 99% of his driving is on pure electric. For trips over 52 miles, or when it's too cold for electric, he can switch on the 2.5L gasoline engine and gets about 40 to 50 MPG because the electric motors will automatically kick in on acceleration giving this vehicle a lot of punch for its size. This vehicle will easily out-accelerate any other vehicle with a 2.5L gas engine.
    7
  12183. Funny how I've been thinking about this the last few days and then you post this. Seems to happen to me a lot with your videos lol👌
    7
  12184. Palm coast is only 25 min away from St. Augustine.
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  12185. LA Beaches are Beautiful but I would not trade any Florida Beach for a California Beach, Water there is too Cold 🥶
    7
  12186. You are not being a good little debt slave
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  12187. I’m 72 yr old widow. I’m not spending anything I don’t have to. Saving it to stay in my home in Florida as long as I can. I’m not sure how long that will be with costs to maintain going up at the rate they are. When I do have to sell I will definitely be leaving Florida. I’m a 37 yr Florida resident but it has become nearly impossible to live here on 1 SS check even with no bills & no mortgage. I suggest anyone who thinks about moving here to be sure whom ever is left can live on one SS check & their savings.
    7
  12188. We can’t even see it (stitches)
    7
  12189. Homeowners insurance does not cover hurricane damage. Wind insurance is what you need for hurricanes, and that’s what’s really expensive. We have a place in Daytona and have elected to cut all 5he trees around the house and go without the wind insurance. So far we’ve been lucky and it’s worked out.
    7
  12190. Nice to visit but not a place to live
    7
  12191. The average interest rate isn't a problem. But when the cost doubles in a year and then interest rates double the year after that is NOT normal. I'm so sick and tired of having to explain this.
    7
  12192. My ex-wife was my biggest downfall early in life. But now; Wife divorcing me is her biggest regret - That the Wall has shown no mercy. 😮
    7
  12193. The guy in the back at 8:26 😂
    7
  12194. Yes, the Scientology presence turns me off to no end.
    7
  12195. Another high quality video! Keep up the good work, the subscribers will eventually come. I remember watching Graham Stephan videos back when he only had a couple thousand subscribers and he is now at 1.1 million. His early videos were just like yours and eventually the YouTube algorithm showed him some love. Maybe change the category of this video to Education and the algorithm will start to promote your channel more to other viewers. I only found your channel by dumb luck while searching Miami Beach videos and then going to the most recent uploaded videos.
    7
  12196. This is one of the first videos I watched about Florida during the corona virus period which was a year ago and after watching this video - this is when we made the decision we want to move. Now, all we need to do is make it happen 😅
    7
  12197. Excellent information! Thank you, Michael.
    7
  12198. Excellent points for everyone to consider before moving. Personally, I don't think the summer will be too much of a shock for me, as I've lived in Central America for a couple of years, I doubt it can be worse :D
    7
  12199. Great video, Mike. About 10 years ago a friend, who is a physician, decided NOT to carry HO Insurance. His home was paid off, and he had the financial discipline to invest the amount of what his insurance premiums WOULD have been. I suspect he now has enough to rebuild his house in the event of catastrophic loss.
    7
  12200. I bet harassment lawsuits have been on the decline with employees working remotely. I’m sure attorneys would like to get everyone back to the office!
    7
  12201. 7-10 percent rates are actually really good. Prices of goods would need to reflect, which they don’t currently.
    7
  12202. Think it would be a long way before we could meet affordability again. These rental rates are going insanely high. Great work, man! Informative as always.
    7
  12203. Thanks for your investigations Mr Michael. Much appreciated.
    7
  12204. All we have is now so lets make the best of it
    7
  12205. I think a lot of people gas light "unsafe cities", these people have never even visited. You're right about taking a trip before you move, you've got to experience things for yourself. Before I'd visited the US, people used to say to me "be careful where you go, one wrong turn....". I've made a few wrong turns in Florida, I pulled out Google maps and things worked out just fine.
    7
  12206. California is very “woke.” They have high taxes, the cost of living is high, and a huge amount of rules and regulations!, as well a superior attitude. It is just a matter of choices and values.
    7
  12207. If not for SS not many people would save anything. Restaurants are still full here in Oregon.
    7
  12208. 9:34 this is what I have been saying since I found your channel Michael. Still way too much demand both foreign and national to move to Miami to bring prices down any significant amount. I watch MLS activity in SW and South Dade religiously and while some listings are not flying off the market while they used to, many others still are. Like you said, the sellers that are willing to negotiate are selling their properties fast and the ones that aren’t are sitting on market. Closed sale prices of October are still much higher than they were even in the Spring.
    7
  12209. I'm from Illinois, but retired to Hawaii for the past 20 years. But just moved to The Villages. It was a good transition!
    7
  12210. Hmmm. Michael you forgot to mention the CONDO COMMANDO/s ... oh yeah EVERY BUILDING has one or more of these NIGHTMARES. Most people don’t realize that the Board decides if an ASSESSMENT is needed and once passed, YOU MUST PAY IT OR A LEIN WILL BE PUT ON YOUR UNIT. You make a very valid point ... if you’re going to be a snowbird ... condo is the only way to go. I’ve lived in both but would now only consider a house ... although it would never be in Florida ... land of the truly IGNORANT (save for the three South Florida counties). Question: Why does FloriDUH CONSISTENTLY vote against its own best interests? (aka voting Republican). Is it STUPIDITY? Is it IGNORANCE? Or is it the heat and humidity? And then when it goes horribly wrong, they pull their heads out of their hole and look up like a deer in headlights 🧐
    7
  12211. I think you’re right, “out of sight, out of mind” is very real. Remote workers will be unfairly targeted for initial round layoffs. It’s human nature, it’s easier to fire someone you have no personal connection with. Also, I’ve been saying for years that retirement will become something that we say.. “remember when people used to stop working”. The amount of savings needed to retire is staggering, a couple lives with $100,000 income would need $3 million in savings to retire and maintain their lifestyle.
    7
  12212. But I got good news. I saved money and get some sweet interest in this economy. Huh? Saving is losing? I’ll just sit here losing my money getting a nice deposit from the bank every month.
    7
  12213. Can you do a video about the cheapeast areas to live in the east coast of Florida? For renting.
    7
  12214. Another GREAT REPORT!!!!
    7
  12215. The first sign that a country is going downhill is watching the average interest rates per year slowly going down. If we would've kept jobs here things wouldn't have gotten this bad. I believe our leaders have sold us out for a few decades now and it's time to pay the piper.
    7
  12216. The crash in the video confirms the real crash.
    7
  12217. We just got our “slide” bill….$400 cheaper than citizens!! 2300 sqft 3bed 3 bath block house metal roof in ground pool in Ocala only 1800 per year.
    7
  12218. They are not rational landlords
    7
  12219. The game never changes. Only the players.
    7
  12220. I told you where the property tax windfalls are going. Its going to civil servants pay raises and their defined benefit pensions.
    7
  12221. You've addressed so many great topics related to moving to Florida, thanks so much for that! I was wondering if you could talk about which is the best to do first - find the place where you want to live, or find a job first. This has been something I've done a lot of thinking and researching on, and I seriously cannot figure out which is the best option. It seems like the internet is divided when it comes to this topic. My boyfriend and I don't want to spend the time/money required to spend two weeks living in the city we might want to live in (as you suggested in one of your vids). So I was hoping you might be able to talk a bit more about this topic in a video. Thanks for considering this!
    7
  12222. I own a waterfront townhouse. I've had pleasant dreams of a developer knocking on my door one day in order to buy me out. Fingers 🤞 And by the way, sellers have a right to know WHAT the details of the buyer are. That's always kept a secret. That needs to stop.
    7
  12223. There’s probably 2 things happening here… People are probably thinking how can they plan for the future if they can’t afford today. And secondly they’re probably taking their cash before they lose most of their investment due to a stock market crash.
    7
  12224. Thanks for all your encouragement and keeping us updated on the housing market! If we had listened to the main stream media and Dave Ramsey would we would be underwater with buyers remorse. I am so glad I waited. And if I waited this long I can wait till 2023. Foreclosures and unemployment are going to take time to start crashing real estate. And who knows I might lose my job also and need to be ready to move. Because I rent I can relocate very quickly.
    7
  12225. Very cool video, Michael! I enjoyed “walking” with you and seeing this wonderful old hotel. I hope they will rebuild it to todays standards. Beautiful place!
    7
  12226. I lived in California when I was young so it's not the same. I live in Utah and am bored with the mountains and the dry desert of the west sucks. I visited San Diego just awhile ago. It's crowded, parking and transportation sucked, and sorry but the beaches weren't superior and the water is dirty looking and cold. I ended up buying a villa in Florida. The mentality of California is not something I choose either. But everyone likes a different flavor.
    7
  12227. seller can name whatever price they want, this is hilarious!
    7
  12228. It’s not just home sellers but also real estate agents who also over value property based on comparables from a year or two ago. I don’t know if the agents are unqualified or just promise too much in order to get the listing.
    7
  12229. Its not just government the corporations are trying to steal our money too. A corporate landlord did not return my security deposit and now I have to file a lawsuit to get it back. Its a pain in the azz I hate those guys ...
    7
  12230. I really like your content now; it’s the wisdom that I like; been watching u for a few yrs; retired and no mortgage (house paid for) now living in AZ, but I still enjoy hearing ur knowledge & wisdom; people need to take note of ur advice; before I retired I made sure I was ready and prepared not for the good days but the bad days! prepare prepare prepare!!!!
    7
  12231. Back in 1994,me and my brother found it easier to get a loan for a brand new built home than a used one.back then interest rates were 8.5 percent,crazy.because of my brother being disabled ,we had to settle for 10 percent interest, 🤕😮.that is the way it was.
    7
  12232. I enjoyed your walking tour of The Strand. I grew up in that area and know it well. In the mid 70's my ant was the mayor of Hermosa. Nice place to live if you can afford it. An affordable way to live very close to The Strand is by a boat and put it in King Harbor in Redondo Beach. You could just live on the boat and your slip fee is affordable. Cheapest way to live in a beautiful and unbelievable expensive place.
    7
  12233. People that live in California know that the Big One can happen at any moment. That’s one of the many reasons people are fleeing California, of course not the main reason, but for the people that live in and love California they accept that risk. At this point the upkeep of the condos are going to change. Can you accept this new risk and be happy in Miami?
    7
  12234. Florida is the new California.
    7
  12235. Hey Michael nice video. Have you checked out Pembroke Pines, Florida? My folks live out there. I've visited there quite a few times since they moved there in 2016 and it is a beautiful and quiet city in my opinion. At least its less congested and lots to see and do. My folks bought a condo and they're happy there. It's a beautiful gated security condo community. There are houses too to look at. So go there and check it out when you go sight seeing again.
    7
  12236. FEDS WILL GET INFLATION DOWN BY ANY MEANS NECESSARY 💯. BUCKLE UP!
    7
  12237. So sad!! Prayers! for everyone!
    7
  12238. prayers are sent
    7
  12239. Thanks Michael, you always make good videos, sweet sun glasses always too, wish you well
    7
  12240. Nice video Michael, obviously in Miami it’s becoming a two tier society. Those that can afford and those that can’t. When I lived in Miami before 2000 you could still afford really nice houses in South Miami and even some areas of Coral Gables. Those days are apparently over. Thanks for getting out there and showing us the real Miami.
    7
  12241. I’ve been watching your channel for a few months now as I contemplate a relocation from GA to FL. I lived in Los Angeles from 2011-2014 after living 10 years in Phoenix. Totally agree with everything you mentioned here. Having grown up in the Savannah GA area, my FL experiences have been limited to beach vacations and golf outings. I can work remotely now and trying to determine what coastal area I want to relocate to now that I have the work flexibility.
    7
  12242. Hi Michael, appreciate the videos!
    7
  12243. San Francisco is fogged in a lot, so the sunny days are in Los Angeles and San Diego. I can’t stand the humidity in Brevard county and St John County so I can’t imagine Miami. Newport Beach in Orange County California is Republican but 90% of the coast of California is Democrat leaning now including San Diego. I’m making half as much $ in Florida than I was in San Francisco. I noticed the median age in Florida is much older. Portman of Florida people are age 55 and up. Muir Woods! I took a girl from Jacksonville to Muir Woods in Marin a few years ago. If you go to San Luis Obispo next time that’s where Pinot Noir wineries are. The surfing in California is way more consistent and generally better. I usually go to Sebastian fir surfing but I’ll check out Port St Lucie
    7
  12244. The amount of good, sound, applicable information in this video, as explained in a detailed and easy to comprehend manner, could be spread out and taught in a course. And that's just this video. You're crushin it and doing it factually. Thank you & Bravo.
    7
  12245. If you live waterfront in the Keys than your insurance can cost up to and over 25k per year. For that reason alot of home owners self insure and just invest the money and pull it when a repair, aka hurricane damages, is needed.
    7
  12246. Dunedin gets a great amount of tourism when it's a nicer mlm time of year. It's too hot in Florida right now, it's off season. Dunedin is my favorite place in Florida. ❤ Key West vibes
    7
  12247. So Informative!!! Thank You
    7
  12248. It's not just about the rate. We are waiting for spring st least to see where the overall economy is going, what will be the employment/layoffs situation, plus the place we are considering has literally no inventory, at least for the holidays. I'll make my move when there are prop choices at reasonable prices with reasonable rates.
    7
  12249. Beautiful colour. Share worthy. The message is exact.
    7
  12250. Remember, to take home $50K after taxes, one would have to earn about $67K (estimating 25% for federal income and payroll tax). And, spending $50K on rent and all other expenses would leave $0 toward savings.
    7
  12251. What goes up must come down. Housing prices will correct itself.
    7
  12252. When you see houses for sale next to each other, you know it's going to be a buyers market SOON.
    7
  12253. 6:55 people are also losing sight of the 2 yr - 10 yr yield inversion. As long as there's an inversion, banks have issues. Plus, you're likely to prolong the effects that lag the rate rise. I think the Fed knows this, and can't talk down the market. Also, they risk the bond market controlling the Fed (so called bond vigilantes) rather than the other way around.
    7
  12254. First viewer!
    7
  12255. That neighborhood you are walking through looks more like poverty stricken neighborhood. Those prices are ridiculous !
    7
  12256. A few months back I heard that Gov. DeSantis was removing the fuel tax for the month of Oct. in Florida. Today I saw a gas price at $3.09. P.S. I love that you are so young and keep your gray hair.
    7
  12257. I love this video. Can you please do another north of Tampa. Thank you.
    7
  12258. Homeowners in South Fl still drunk on Kool aide. . Big hangover on the way. BTW, nice neighborhood for a change!
    7
  12259. Its not the interst rates its insurance an taxes. Thank God that hasnt hit my poor state we cant afford it
    7
  12260. I am not against EVs not at all. However, my ICE vehicle gets nearly 500 miles to the tank. I can fill it up within five minutes at several locations near my home. It starts in the cold weather and doesn’t lose range. Also it doesn’t spontaneously combust and then can’t be put out. Why on earth would I want to buy an EV 🤷🏻‍♂️
    7
  12261. If the couple in upstate NY has been making payments on federal student loans during the moratorium, then the amount paid has been going toward the principal, thus reducing the outstanding balance.
    7
  12262. There is sink holes here too, a man a couple of years ago was taking a nap and a sink hole swallowed him mattress and all. The family was screaming trying to save him. They could never find his remains. Its unsafe in a one story home here or a modular home.
    7
  12263. A condo? OUCH! Hoa fee's that will rise with inflation are going to be deadly........no way to mitigate that. If you have home owners exemption, most likely your taxes will only rise with inflation, which used to be 3%. I like single non HOA family homes or owning the whole building with a 2 3 or 4 plex unless I'm doing air BNB's. There's enough profit with air BNB's to cover the HOA dues in a condo.
    7
  12264. Maybe people will come to realize that small can be beautiful and that bigger isn't always better. What's better is living well within your means, giving yourself plenty of stress buffer from financial worries rather than trying to impress other people who really couldn't care less about what you have.
    7
  12265. 2023 the year a “van down by the river” officially hits an affordable $500,000
    7
  12266. You’ve talked us out of buying in Florida.
    7
  12267. Slackers gonna slack. Without even scrolling through the comments I'll bet that there's plenty of those parents on here justifying that schit. All I can say is that if you raise 'em to be hard working and independent, you won't have those suckers showing back up on the door step with a 10 dollar latte in their hand and the latest phone in their pocket looking for a place to stay.
    7
  12268. Also my home insurcane went down over 20% getting my hurricane rafter and joist wraps properly nailed in. Highly recommend it. Have someone do a wind mitigation report on your home to see what the status is if you even have clips or wraps installed and if they're up to code
    7
  12269. Thanks so much for taking the time to do this content! Wish I could take my NY salary. I am moving to florida and still researching and job hunting and this definitely helped. I may even need your help.
    7
  12270. That 1.2M home that you referenced. The taxes shown are at that assessed value. Once this sale is registered those taxes are going to skyrocket based on the sale price and the new assessment.
    7
  12271. watch more of your videos ha ha ha that is a good one but you should research the area and now with the web its easy. Yes have a plan or lots of money I have lived in Broward county since 1975 and still love it very much
    7
  12272. The waters are better on the gulf coast. There is not as much traffic as on the east coast.
    7
  12273. Michael, can you do another video on condo ownership when the building is set to be demolished? Worst things/best things that can happen. Much appreciated.
    7
  12274. I have recently been receiving phishing attempts using you! They send a phone number with circles around each number. and your likeness and name. anyone else get these?
    7
  12275. You are correct.. 3 squares but they have gotten the go ahead to build another one down at Fenny.. which is just a little South of Brownwood.
    7
  12276. I think Florida attracts nowadays more “new” Spanish-speaker immigrants than Cali. It is not like they prefer to speak Spanish, in fact the majority is trying to learn English, they do it because they are not fluent yet. I was one of them 20 years ago. I had a low paying job and was always scare to speak to people (customers) in my broken English. Finally I agree with some of the comments, you had good points and it was fun to listen to you, but the Spanish part was racist.
    7
  12277. Beautiful area ❤️
    7
  12278. NO, the government should not get involved to force homeowners (or corporate investors who are homeowners) to rent out a property. The homeowner can do what he/she likes for the most part. Property rights are very important to our Republic system of government. The solution is the free market.
    7
  12279. Nice flat tummy.
    7
  12280. Well you can still get married before buying the house. Just get the marriage license and go to Justice of Peace or have a Notary Public here in Florida perform the ceremony. No 30K needed.
    7
  12281. Keep up the good work Michael…love the way you tell it as it is
    7
  12282. The Food Service employees like McDonald's got a raise to $20 a hour so get ready for $20 Big Mac's
    7
  12283. Well you have to park those things somewhere and that is the major problem.
    7
  12284. Where there is a BOOM there will be a BUST!
    7
  12285. Here’s what’s really happening, people are still spending like it’s 2021, but in reality insurance premiums are dramatically increasing and student loan payments are starting back up. I have a friend who’s premium increased by $400/mo. Couple this with a student loan payment of $300/mo and the result is financial instability. This is an average situation for the average American. The average American statistically can’t afford a $400 emergency.
    7
  12286. From my personal experience I'd have to put Clearwater Beach as my #1 in terms of having just about everything you want out of a great beach experience. Followed closely by the panhandle beaches (Panama City Beach, Destin etc.). On the Atlantic coast I'd put Cocoa Beach and Daytona Beach in there and of course Miami Beach without a doubt. I've never been down to the keys but I hear they have fantastic beaches down there too although they might get you on parking
    7
  12287. People still get married!!??
    7
  12288. How about working 25 years and achieving your dream, only to have your company restructured?
    7
  12289. The rent is too damn high!
    7
  12290. I am watching this as I fix a roof leak temporarily. My parent's old house is full of termites but I am just patching it up until i can decide to sell or rebuild first.
    7
  12291. Stop helping israel stop helping ukraine problem solved
    7
  12292. Looked like a nice day to take out those boats! Where are all the people at to take their boat out on the water?
    7
  12293. Don't forget the influx of millions of dish washer need homes too except there willing to live 15 deep to pay off houses quicker
    7
  12294. The reality is that if you get a 5% return on a bond, you're really only getting 3%, because you have to pay taxes on the intrest. That won't keep up with inflation.
    7
  12295. Isn't interest the same as rent? If you buy when there is no room for the property to grow equity, how can it possibly be logical to buy?
    7
  12296. Credit is widespread. My job in the military for a classified clearance requires a credit check during renewals. Some employers may check your credit score at job interview. I bought a home at 760 and at closing it went down. Now after 4 months, it is back up.
    7
  12297. Michael, I agree with your well explained and easy to understand analysis. Respectfully, I would watch the Bond Market ( the stock mkt. is really a subset of the Bond mkt. which ,in turn, is a subset of the FX mkt ( foreign exchange: currencies)). Fed fund % will match the 2 yr T-Note and please watch the spread between the 5yr T-Bond and 10 yr. T-Bond, if it goes neg. ( 5yr ylds. more than the 10 yr. yld. ) , the capital markets will lock-up causing liquidity to dry-up !..Hope this helps, great Video !
    7
  12298. No. 1 Realtor lie: "It's a great time to buy...and to sell!"
    7
  12299. Good advice, Michael! Trying to hang on tight to my money and make sensible buying choices during this holiday season. It ain’t easy!
    7
  12300. Appreciate you telling us the truth!!!!!!
    7
  12301. Moving anywhere is not feasible for many right now. The school boards are getting over with the increase on property taxes for schools. The teachers don’t get pay raises. MB: Cisco systems has laid off 4,000 workers here in the SF Bay-area.
    7
  12302. My neighborhood in Port Orange was basically an island during hurricane Ian, the neighborhoods by my house have their life possessions curbside so sad. It was just a tropical storm when it came through here. Feeling blessed. love the channel⁹
    7
  12303. Nice video. I love walking around at night 💕
    7
  12304. Liked seeing all the boats. Another good logical video.
    7
  12305. Very nice!! A beach I recommend on the gulf is Pine Island Beach, it’s in the Spring Hill/weeki wachee area about an hour north of Tampa, and it’s absolutely beautiful!! You will catch the best sunsets there!!
    7
  12306. OMG. Nice! You play well! I got a USA Strat; USA Tele; Gibson Les Paul Custom; Mexico Fender P-Bass, a Martin acoustic; the list goes on and on! I love them all!
    7
  12307. Seniors gotta move to a 55 and up community. That really helps with the affordability in most cases. My boyfriend’s mom lives in one. They downsides from their prior overpriced community and the one she’s at now is really safe, clean, gates, and affordable. In Delray.
    7
  12308. Michael so glad you guys are ok, praying for all those affected, and the community. Definitely has me thinking about condo building safety. 😬
    7
  12309. Join me 1/2 the year in the beautiful and inexpensive nation of Thailand! $30 a day is the good life huh❤😂🎉..
    7
  12310. People are sitting on a ton of cash and equity. It will be a long time before this is under control. The velocity of money is super high right now and will take a huge crash in the markets to make a dent.
    7
  12311. Happy new year..may the market crash to the bottom so we can afford housing again ..❤️
    7
  12312. I feel like I live in a different America. I’m getting ready to put a very nice 3 bedroom home on the market for $125,000. Brand new roof, new windows, new LVP, safe neighborhood, the list goes on and on. Can you imagine taking that down payment and just buying a house? I wish you could come to this other America.
    7
  12313. In my opinion older houses are built better and have withstood more storms, thus why insurance companies want to charge less.
    7
  12314. Canada hasn't been so good (economically) in the best of times, compared to US, UK or Australia. What's it like now, I'm afraid to imagine.
    7
  12315. Wow Michael! A street looks so different without all the palm trees and greenery around. Almost like it's not as pretty even though it appears clean.
    7
  12316. I bought my double wide last August 2022 and it doubled in value in 1 year! We have people knocking on our doors in our very nice park! But keep in mind you still have to pass credit checks and prove income or retirement income. The trailer parks today are the best way to retire early and or not have to worry about a major layoff!
    7
  12317. Thank you to our host for this walking tour and great info. Always learn from our host
    7
  12318. Retiring in July from the NYPD. Moving down to Groveland. Can’t wait.
    7
  12319. My current home and previous home were new. The benefits are you can pick out your upgrades, nothing is going to break down right away if appliances are included. My previous home didn't include washer, dryer, and fridge. I learned that the fridge is the most expensive appliance costing $2000-$3000 (at least then, in 2012). Most new roofs have a 20 yr minimum guarantee. That is a huge cost of $10000 to $15000 to replace on an average sized home. Another benefit is that the builder may pay for closing costs. That saved me $9000 in my case with the current home. Also, timing is everything. If you have say 10% saved for the down payment plus $5000+ for closing costs, moving expenses, etc. then wait until the prices of homes are in a downturn, which they will be by Jan. 2023. I negotiated in 2012 with the builder to build me a screened in back porch at no extra charge for using my home as a model for a few months. The market had collapsed and the builder still has a half dozen lots to sell in the neighborhood and the old model home was sold 5 yrs prior. It ways a win win situation because he was able to quickly sell off the remaining lots and build new homes in them because he had a good representation of his quality work. That back porch would have cost me $4000 if I hadn't negotiated to get it.
    7
  12320. HAPPY SUNDAY MICHAEL AND LISI 🌴🌄🌴
    7
  12321. Joining the military was the best decision of my life..I never racked up student loans! For my first property i didn’t have 20 percent! with the use of the VA loan, I was able to buy 3 homes with no money down and PMI were waived! Now, I’m retired from the military, receive compensation for the rest of my life, and now I contract for the government!
    7
  12322. Hey Michael great video, you summed it up perfectly my friend.. if you want to live the good life in Florida, you cannot simultaneously retain possession of a cake and eat it too!
    7
  12323. Do you think rent will go down, if not then why would mortgage go down? Still high demand vs supply
    7
  12324. Great timing for this subject Michael ! I have personal experience when I tried to rent in Miami! Thanks God I’m Savy enough not to fall in the trap !! You are doing a great service for people who are clueless about these scams ! 😎
    7
  12325. Homes in Austin are sitting and prices are coming down, but not nearly enough to offset high interest rates.
    7
  12326. It's just starting :)
    7
  12327. You should go try some bojangles fries before they go under. Worth the trip. At least they used to be.
    7
  12328. The two costs that are killings me right now are insurance and repairs on my two properties and cars. I live in California for reference. These two expenses are running over$40K a year three years running. It has prompted me to buy a solar electric car. I know you don’t like EV. But from a maintenance point of view they have to be way better because you are replacing an engine, transmission and all the stuff that goes with it and costs thousands of dollars to repair when they break with a simple electric motor made from five parts. So that is one thing I am doing. And the company that I am buying from supports right to repair so they are not going to monopolize that aspect.
    7
  12329. It might be a good idea to make your videos at home when the weather is bad. Malls and garages are kinda not so good. IMO
    7
  12330. West coast quite with sunsets
    7
  12331. I've been lucky. I have one rental unit and it's been fully rented since 14 days after buying it - for a total of 60 months with zero problems. I'm on my second tenant, who moved in 3 days after the first one moved out. The first tenant actually wanted to buy the place off me, but I wasn't ready to sell. I've twice used a real estate agent to list the unit for rent on the MLS, and she showed the property, screened applicants (including credit check), and typed up the standard FL rental lease; at a cost of 75% of the first month's rent. She quickly got my unit rented with top quality tenants. I do the regular management and any repairs. I haven't raised the rent in five years (but that's hurt my ROI a bit). The current (single) tenant has been in the unit for 3 years, intends to stay for the long-term, and I haven't seen or heard from him since the day he moved in! The rent checks land in my bank account on the 1st of every month!
    7
  12332. Funny that you made this video today, I was texting my wife just this morning about flippers. I spotted five, or so, listings in the city we want to buy in that are all flips. Mostly purchased in December 2021 with similar markups. Thank you for your videos!
    7
  12333. As a Realtor I absolutely love this brutal hard truth....awesome! Everyone should know the good and the bad regarding money and debt but alas no one wants to have this conversation!? Timmy C Arizona
    7
  12334. I have a friend that did sold his house in California years ago and moved here to Florida. He bought a nice house here cash and an airplane. Now he's struggling.
    7
  12335.  @MichaelBordenaro  maybe consider writing a book? You are phenomenal 🙂
    7
  12336. Beautiful couple ❤
    7
  12337. With a 6% interest rate extending from 30 years to 40 years is going to save you about $20 per month. Why even bother? It barely lowers the payment.
    7
  12338. 100% on baby boomers having all the money. I am in Phoenix/Scottsdale. I went back through recent sales in the MLS portal our realtor set up for us and I calculated that 82% of homes sales in the areas we've been looking at have been all cash deals. Property records here are public so a quick Google search of the new owner nearly always reveals the buyer is a Baby Boomer based on age. Many of them in their 70s. Often they already own more than one home. It's like they have so much money they are just buying houses to park cash. I am Gen X and luckily already own a home with equity, but there is zero chance younger home buyers can compete in this market in desirable areas. Zero.
    7
  12339. As a man, if I could be locked up in woman's prison, I would so totally do it, than deal with this housing market 💯💯💯
    7
  12340. In may of this year my apartment complex was bought my lease ends in 2 weeks. They raised my rent from 1550 to 2372 with addtional fees. I was going to buy a house but here in central florida they want 250000k for a house that is almost unlivable or needs a ton of work done and will not reduce the sale price for repairs. I found a really nice house to rent for 1600$ 10 mins from the beach at that much nicer than apartment took forever to find it. Screw these people.
    7
  12341. Same things are forced in Europe too.
    7
  12342. First.......we're not in a recession because they redefined the meaning. Now......we're in a "growth recession". Ok.....yes this is ludicrous!!
    7
  12343. Sad to say,but we need high unemployment for things to go back to normal....slot of pain ahead.....
    7
  12344. All I could think about is sailing up into that endless blue sky
    7
  12345. Yes, you have to go after what you’re passionate about it! 😁 And I see how that would suck - doing all that work and then no payment 😳
    7
  12346. I was waiting for you to say St Augustine because I knew you loved the place. Glad you put Sarasota as I just bought a place there and love it. Great video man.
    7
  12347. Tallahassee is pretty nice compared to the rest of the US. The state capital is cool to visit. I would also check the Florida State University campus, especially their football stadium. I would much rather live on the Atlantic Ocean or the Gulf of Mexico, but it is worth visiting.
    7
  12348. I was thinking the same thing...I think those institutional buyers will get hurt bad
    7
  12349. Torrance is the best kept housing area in Socal. It is/was not insanely expensive, but close to the beach and at a commuting distance to workplaces. Toyota had a unit there
    7
  12350. I am land locked in Pereira, Colombia. I miss going to South Miami Beach since I lived 16 years in the Fort Lauderdale and Pembroke Pines area. If I convince my same sex spouse to go to the U.S. to live, I am leaning toward St Petersburg, FL. I got to land us at a location where we have alot of fun things to do and relax. Since he is much younger than me, he will need a job.
    7
  12351. As a Head of HR I can tell you that the greatest problem and/or disrespect that happened was that people moved wherever they wanted WITHOUT their company or HR approval. I have zero sympathy for them and THAT is a huge part of what created this problem
    7
  12352. I've been a strict vegan for 38 years mostly fruits which are cheap, i used to but the side salad at Macdonalds for $1.00 then they raised it to $2.00 so i totally stopped, last week my local market had oranges 2 for a $1.00 so that was my diet all week plus i got my health at 74, still work everyday, my parents taught me you don't have the $$$ you can't buy it and i don't have credit cards UP YOUR ASS corporate america!
    7
  12353. They charge that much for that exact reason, to keep the people away, lol
    7
  12354. Great videos on your channel, Michael, thank you! What I’ve noticed of these Million dollar (overpriced) homes on your walk through the neighborhood is the majority have front lawns that are atrocious. I see a lot of weeds, bare spots everywhere, where’s the grass? No well manicured lawns there I’ve seen. Too bad.
    7
  12355. This is a result of zero interest rates seemingly forever.
    7
  12356.  @MichaelBordenaro  It def is not, inflation may not be all that transitory. Things a very expensive now. Across the board. There are 5 local elementary schools not operating because of lack of children. There’s no doubt, in the US we are not keeping pace with the population loss. But agreed, eventually things go wrong with homes. And when they do, it’s typically expensive to fix. Especially these days.
    7
  12357. What a gorgeous day in Miami.
    7
  12358. Now we're talking!!! I know the place. Excellent!! I hope y'all enjoy yourselves. That crab was saying hey bro welcome to Fort Walton
    7
  12359. What's crazy is even my city, Mobile Alabama, is starting to get housing price increases even in this economy. Maybe it's because we are located 30 mins to 1 hour away from beaches.
    7
  12360. Almost every place I traveled to outside the US u don't need a car ...this is a major savings. Mexico is an option for Americans
    7
  12361. $5 millions??? I move overseas and live like a King.
    7
  12362. I can't tell if I got scammed or notttt, my mother bought me a dress off of Amazon and it arrived today. The fabric doesn't really look like it did on the picture, the fabric seems more costume-y, but other than that it seems fine.
    7
  12363. Let's go!!!!
    7
  12364. Michael here in N.Y. our governor stated she may have to raise property taxes to cover the expense of the illegal immigrants seeking sanctuary cities to accommodate their needs. Why are taxpayers leaving Democratic run states,like N.Y. California,Illinois and flocking to Florida and Texas run by Republicans. My brother and sister moved to Florida six years ago and their only complaint was they should have moved there twelve years earlier.
    7
  12365. Black Friday was a failure
    7
  12366. Two weeks ago I put up my condo for sale at $444.9K loaded with upgrades. An identical condo in this gated community with terrible views was purchased by Opendoor for $453K and it’s listed at $485K. I wanted to list mine at $429K but my daughter’s office said that it’s going to hurt me because people will wonder what’s wrong with my place, knowing that a crappy one is $55K more. Today I lowered the price to $429K and I doubt I’ll get a buyer. I don’t have to sell, but if it sells, so be it. Last week one sold for $458K. I know everyone will be pissed that I’m selling this too cheap, but it’s not, it’s the going price, even though I have upgrades. I will even take $420K cash sell, but I will not go by comps and price it at $480K. That’s really getting out of control.
    7
  12367. I got your advice Michael. Need to do something even though we are almost debt free. Very thorough explanation. No gloom and doom.
    7
  12368. That’s not including gas or insurance, R.I.P.
    7
  12369. What we need is to get the banks to stop backing risky stock ventures. Just look at any banks. Derivatives or Securities owned not purchased yet. Florida needs to cover home owner insurance, so after a natural disaster, Florida has many, its citizens can rebuild because prayers aren't the answer.
    7
  12370. I enjoying being a homeowner in Florida. I have complete privacy, and I like having a place to maintain myself and keep me busy. High-rise condos are also fire traps. I would hate to live in a condo
    7
  12371. You forgot to mention PMI will be going up as well!
    7
  12372. The east still in a FOMO while in the west we are out of FOMO now all we see is a dark cloud 💨💨💨🕳😂 Fear factor
    7
  12373. Scott Walters referred to Lizzy as GF instead of wife.
    7
  12374. Ponzi scheme is over if you ask Johnny
    7
  12375. We just bought a condo in Hollywood in a two story building. Do you think smaller buildings are safer to live in?
    7
  12376. Everything is still stupid where I live. I feel like my area is going to become like Sedona. All I can say is that I'm happy everything we have is paid off. We are just waiting and saving. The GameStop thing was hilarious. They were trying to short the stock and got what they deserved. This is what I am talking about when I say people need to learn how all of this really works. Oh, I think I forgot to mention this when I had commented about the jury duty. I didn't add that we moved to MT in 2008 and AZ sent that to my husband in 2010. When he called in January, the lady was like - well, that could just be your second home......LOL In 2008, the temporary work place went out of business. Yeah, our second home....LMFAO. Hope you got the car insurance thing worked out.
    7
  12377. Bojangles is awesome 😎 I wish they had some in my area.... There chicken actually has spices...
    7
  12378. Hello Michael, another great video!. Is good to know that they're still affordable houses in Florida.
    7
  12379. I live down by the river in my van life is good
    7
  12380. “People who own real estate are doin great!” “I just bought real estate” “You all should wait and not buy!”
    7
  12381. We lived in northern Nevada most of our adult lives. We always vacationed in Hawaii and always thought we'd retire on Oahu. In 2016 we took a vacation to Fort Lauderdale. We loved it and it was certainly more reasonable than Hawaii. I would check prices on condos in Fort Lauderdale and would see some great deals back then. After watching this video and previously seeing the collapse of that condo in Florida, I'm glad we went another way. Still would enjoy visiting anywhere on either coast in Florida. We had a great time. I just subscribed to your channel, after watching you with your grandparents. And, I like listening to you as you walk and I can see the neighborhoods. Thanks, Kathleen
    7
  12382. No desire to have a EV. 2 newer paid off cars will last me 15 to 20 years.
    7
  12383. Can you do a similar video with condos in Miami Beach. Art deco apartments vs newly built condos in high building?
    7
  12384. Builders have EXCESS INVENTORY and are showing signs of pricing desperation. My friend has a mobile food truck hired out daily for free food for builder events. Just watch and youtube video on the large real Estate developers. Quality is a forgotten word. T-ll Brothers, KB 'Houses', l€nn_r 'Houses,' etc. Horrible construction. These multi story apartment buildings going up in Florida are made of virtual carsboard above the first floor. We are worried about our concrete homes getting battered by that debris during the first hurricane of the season, let alone the body count
    7
  12385. looks like dilapidated houses...ugghhhh will be crumbled to the ground by the next hurricane
    7
  12386. I’m in Missouri, still looking in Florida. Lucky to have a FL realtor helping me .
    7
  12387. Appreciate your efforts to inform without the fear mongering. Thanks for keeping it real. Much respect.
    7
  12388. I don’t know how working people are going to get by moving forward, living costs in Florida has doubled since Covid. Insurance, home taxes and rents out of control to top off the crazy real estate prices. Throw in this hurricane and the desirability to live there has just diminished! I’m thinking that houses might be cheaper not to long from now 🤔
    7
  12389. Do they know what would cause such a drop in the Canadian housing market? That’s huge for pre owned homes. I can see the new houses dropping that much because they have more room to negotiate. I’m pretty sure AZ will return to pre pandemic prices, but this winter will tell a lot since we are coming into our buying season.
    7
  12390. Thanks a lot I just got scammed off a 80$ thang
    7
  12391. Its always nice to go back and see where your from and where you made memories because it made you the person you are today and a part of it will always be a part of you.
    7
  12392. I remembered Panama City from the Air Force days so I thought I'd drive down and scope it out for a place to live in Florida. I gotta say, I was a little disappointed. Alot of franchise, some big box stores, some touristy stuff. Not alot of character in my opinion. Just sharing...
    7
  12393. There really hasn’t been any money printing since 1/6/21. Before money can be printed, bonds must be sold. No one wants to buy our bonds, especially now that the rating on U.S. debt was lowered to AA+ from AAA.
    7
  12394. Just got back from an Airbnb in Palm Springs. They gave us a free upgrade for late checkout. Haven't seen that in years. Price was still steep though.
    7
  12395. You are somewhere in Florida ! Where's Michael! ( waldo ) Cheaper to eat at home ! Raised our truck insurance and I heard gasoline is going up in Price In my opinion Kohl's clothing is Low Quality super thin and looks like crap . Pass !! MAYBE, they had to many stores from the beginning, and they are getting rid of them ???
    7
  12396. I need to get into the chair and umbrella business.
    7
  12397. Natural beauty is what makes life worth living :)
    7
  12398. Michael, I did not know you retired from the real estate industry. Always wondered how you got your job done in the daytime you did these videos. I wish you the best of luck on YouTube. I watch all your videos everyday. The thing is right now I don't own property anymore I sell my house like I told you earlier in other videos in July 2022. I enjoy watching these videos. 😀
    7
  12399. Good video! Always wait for your objective perspective.
    7
  12400. Great video . Here in Northern Ohio their was a short bump in housing but it did not last long . From Toledo to Youngstown housing price is very affordable . The simple Law of Supply and Demand works here . Everything is slow here and has been like that starting in the seventies , when we were de-industrialize and never really recover . The final nail was after the 2008 fiasco housing explosion . The next problem will be crumbling infarstucture . Local streets and sewer and the likes are showing its age and many retire folks with pension income just are getting by . . Lets hope we just drop to 2nd world status and not third world . Our County and State government thinks we still have plenty of money to be squeeze . We have small areas of growth , mainly running from higher taxes or white flight . So if an area is not growing it is dying or stagnant at best . Thanks Michael .
    7
  12401. I'm in CA, and I love watching your videos Michael! ..My hubby and I plan to purchase in a different state and I truly appreciate your thoughts and honesty when it comes to dealing with realtors/lawyers etc thank you!💕
    7
  12402. Hey Michael, your videos have been really helpful for me to get to know about life in Miami. I'll be relocating to Miami for a job and was curious what are some suggested ways to get around in the downtown area or get to beaches. I think I'll be renting a place in Kendall or The Hammock, but I would like to visit the beach on weekends.
    7
  12403. Second apartment is my kind of place. Amazing counter tops and love the whole look. The natural lighting is a problem for me with only one window facing the hallways outside but the balcony in the bedroom doesn’t bother me at all. To me, is a place I’d rent for sure. Great video!
    7
  12404. Thank you for all your hard work that goes into your videos. Very informative and entertaining 💜🏝
    7
  12405. The only thing I have to worry about is property taxes going up. Since I own my home I don't worry about insurance so much. If insurance gets too expensive, I will self-insure. I will probably have to downsize to a studio sized home in the middle of nowhere ten years from now, though. 😁😁😁
    7
  12406. Redfin probably put that information out there to get sellers to come to grips and start pricing their homes reasonably so that they could start selling houses again, but Redfin was part of the problem at the height of the euphoria in this toxic housing market. Karma!
    7
  12407. For me the prices have to be affordable again for a median income here in Tampa/Lakeland area. Considering taxes, insurance etc on such high prices as much as I want to buy I don't want to setup for failure with all this volatility
    7
  12408. I’ve lived in West LA, Hollywood, Downtown LA, Midtown Manhattan NY and now in Las Vegas. Moving to Henderson next month. But I love Miami and I think I will move there eventually and live 50/50 between Miami and North 🇳🇴 ☺️ (summers in Norway of course). I have also lived in Sweden for several years. About Miami I just love the turquoise waters and white beaches! And boating every weekend. If you’re moving to California I recommend Newport Beach😁
    7
  12409. The FED has a major credibility problem and they know it. That's why I think they will be raising rates longer than people expect and this is just the beginning. It looks like people are just now waking up to the reality that there will be no pivot until something serious breaks. It is what it is
    7
  12410. I tried to buy a manufactured home. No one wanted to write a policy. I was told policies are only being written for properties 10 years old or younger
    7
  12411. You are spot on with the economy analysis. Love your channel
    7
  12412. Low wages kept things low cost here in Florida...but now with all the remote workers.....it's destroyed the affordability here.
    7
  12413. But you got to be careful with the data that they give us. the housing market you have trillions of dollars at stake you're going to see spreadsheet gymnastics at its finest
    7
  12414. Well said Michael, praying for the residents & families
    7
  12415. We were warned very clearly by you. The remote tekkies really should have listened to you and adapted. Being a landlord is pure hell. Here in $eattle, absolutely nobody handles Mom and Pop, and NOBODY is taking new clients. We only handle the Bigs. Who the hell can afford the CA prices at current rates? The FED will make it worse. The FED has to solve the problem with inflation. Our current path on everything else is a spiraling nose dive into disaster. I like the assumable idea. What about 1031 exchanges?
    7
  12416. Mines went up 2500$ in Miami lakes. We at $7400 insurance
    7
  12417. Check out the Happy Fiddler in Indian Rocks conods for a week long stay. Have rented there several times. On the beach, nice pool and complete kitchen . Every unit faces the water with awesome views from each ! Right between Clearwater and treasure Island,Johns pass area.
    7
  12418. hmmm .... regarding the person who, after shutting off their water continued to receive exceedingly high water bill. Happened to my mom and had to hire an expert able to detect "the leak". Long story short: The leak (which were two) was located under the foundation and decided (due to house foundation settling), had the plumbing routed through the attic. Just a thought. ;)
    7
  12419. Honestly it is going to be a great time to leave south Florida and move north to a rural area. When the housing market finally starts falling faster this area will still be in the stratosphere. I can dump my Miami home to a sucker who can enjoy the termites and high property taxes. The only way I will stay here is if I can buy an agricultural property like a grove or nursery and live there stealthily!
    7
  12420. These optimistic real estate people/agents won't be in the business for much longer. I saw this in the late 2000's.
    7
  12421. Wow... That last one got me with all the trees. I’m a California mountain girl. We love our Trees. ❤️
    7
  12422. The electric car calamity is hilarious.
    7
  12423. I rented to a friend - once
    7
  12424. "And some bad shit does happen here." LMAO!!!
    7
  12425. So agree!!
    7
  12426. Good job as usual, sad to say that many people are worried about living day to day and not their retirement years.
    7
  12427. Cool stuff, Michael. I particularly like "free events".
    7
  12428. Cool 😎
    7
  12429. It does not take a rocket scientist to figure out what the economy is like, I guess there are people who are fiat currency rich, which I do not consider rich as the fiat will fail, just like all fiat currencies in the past which includes many countries. In my opinion one should live below their means and start saving things of value. We call fiat currency money but it is just paper with ink Thanks for your videos they are very informative
    7
  12430. What is a Low Ball Offer? Any offer is a good offer. The seller can either accept, reject, not answer the offer, or counter offer. Leave the house on the market until you change your mind.
    7
  12431. First real car accident of my life was in Florida lol. In my 50s!
    7
  12432. It's sad that it takes a catastrophe for people to wake up to these "ticking time bombs" We have a couple problem buildings in San Marcos, Texas. They are new, 7 storey private dorms built near Texas state university. They have foundation problems because there is a 40 foot thick layer of squishy clay in between harder limestone layers underneath them. In one case the engineers totally misinterpereted the core samples and designed a very inadequate foundation. It is on a hill slope where the clay slides down the hill. That building took 7 years to complete and a number of contractors declared bankruptcy and walked away. Problems started in the beginning when the expansion joints in the bottom level parking garage floor kept getting wider and wider. Since the bank in San Antonio was stuck with it our city council keep trying to find someone to finish the project. I got a copy of the foundation core sample report and told them it would never work and they ought to do a tear down ( I am a licensed geologist) lots of problems ensued due to the shifting foundation. Like I had predicted. On a Friday before thanksgiving the fire marshal found out that enough treads had fallen out of the stairwells that the only way in or out was the 1 working elevator and he ordered immediate evacuation that night. A couple years before 1 and a half units of a 1970s lowrise a couple blocks away burned down and we lost some kids so the firemarshal is very protective.
    7
  12433. Kudos to Michael ! Talk about shadow inventory!’😂! Another words money laundry!! The owners forgot they had this house ! 🤔 Can someone tell me how the GDP went up ?? Exactly what we are producing ? I think like Michael said it’s spending more money and as I saw today stores were filled up with Chinese cheep products !! 😬
    7
  12434. Well, we know real inflation is at 18% and rising but they are only admitting to 3% this means when you go on social security you will lose about 15% each year.
    7
  12435. The real estate market will come down significantly in 2 years. It takes time unfortunately.
    7
  12436. I live in Ohio. I pay $4380/year property tax. I pay $460/year homeowners insurance. House paid off. It costs me $4,840 divided by 12 months = $403/month to live in my home. My estimated home value $275,000. Most homes on the street are over $300,000.
    7
  12437. I wonder why the housing price is as high as high end ones in Silicon Valley. The average household income in Silicon Valley is around $300k a year. In that case, $2 million homes may barely make sense and may not be as overpriced. But the average household income in Miami Beach is only $57,211. And many houses are priced at $3 million to $4 million in Miami Beach. that is 60X or more. That just does not make sense. by the way, if you have not prepared for the recession, it may be too late for you. You gotta try for a better paying job. You need to get rid of your car with huge loan. Move to lower priced home. We are in recession. But we are not at the peak of recession yet. When the Fed increase their rate to 4% or more, that's when it will be. That would be the time to go in purchase properties. These stupidly priced home will crash with the average mortgage rate of 9%. You need to buy when it is at the highest mortgage rate. The mortgage company will get desperate eventually to lower their rate. And the Fed will react by lowering their rate to less than 3% soon after. But until then, you need to have the cash to support the high mortgage payment for 1 year. So you need to save up for the down payment and at least 6 months of mortgage payment.
    7
  12438. I am so glad you covered this, Michael! Very important subject! My son is 15 and looking forward to moving out on his own at some point. I always let him know how important it is to have a good job and tone able to afford “life,” without getting into credit card debt!
    7
  12439. Iowan here! I live about an hour west of Des Moines in a rural area. Des Moines is a nice area, but housing prices are rapidly increasing and land is crazy expensive. My county has a 2 acre minimum, but Dallas County, which is between mine and Polk County where Des Moines is located is 10 acres minimum to be split off. Of course farmer's won't let that go for cheap, so that 10 acres could be $250,000 to 500,000 depending on location. I see a lot of potential growth. My county has seen exponential growth in sales, and assessed values are going to skyrocket for this next assessment year because they are so out of tolerance.
    7
  12440. Mike, these stores have an outdated model of doing business. What they need to do is become membership-based like a Sam's Club or BJ wholesale. The store could raise a lot of additional revenue by going with a membership model and for those who do NOT want to become members can shop online. It seems like you just need some content for today. Do you notice this is NOT happening at the membership-only stores where they check your membership before entering
    7
  12441. I already have been living in Florida, just want to move closer to the beach lol! I enjoy learning about new areas I didn’t know about Miami Beach!
    7
  12442. back in 2000 they said the sea level was supposed to have risen 12in by now. They changed their predictions. Scienceis not often right. That's why they call it a hypothesis. Anyway the sea level has risen about 6 millimeters in 20 years. Also people here are friendly compared to how life deals treat conservatives in Blue states. We just dont want liberal bullies coming here not respecting diverse viewpoints.
    7
  12443. just one stroll down the boardwalk in 4k with a bright blue sky and people passing by running/exercising is the most attractive thing about this place. Thought the ground appears to have just been rained on. hahahah Take care and keep on keeping on. Enjoy all your videos!!!
    7
  12444. My hometown. All other beaches suck after growing up with this.
    7
  12445. Hey Mike, you have touched a very important subject. Your input is really an eye opener for me. This issue must be addressed, by housing dept., if not, this would spell a disaster for the US economy. Unfortunately, the middle class is neglected and left to fend for themselves. All the legislation is done for the 'big guy'. A decade long housing crises will break a lot people, ruin a lot of dreams.
    7
  12446. How do you foreclose on your home in a market like this with so much equity? 🤔 you can just list it.
    7
  12447. Who should NOT move to Florida? People who can't get a flight from the UK :(
    7
  12448. That’s 160 K Mercedes-Benz you just walked by, can’t be that bad in Florida.
    7
  12449. Happy Birthday, Lizzie!
    7
  12450. Good Lord!!! My new build in Wimauma has been held up by no windows going on 6 weeks and will probably not be available for another 6 months or longer!!!!
    7
  12451. Those small children should not have been dipping their toes in a Croc inhabited estuary. Shame on their parents.
    7
  12452. I work security placing security dog handler teams in commercial and residential areas. The increase is from the progressive judicial system that does not prosecute.
    7
  12453. I don't like it when people park their cars on the grass. It looks awful. 👎🏾👎🏾👎🏾
    7
  12454. I live in Illinois now...9" of snow on the ground, 12 more coming by next week and 10° outside. I close on my condo march 15th on pine island. No beach, but in canal. 20 min to all kinds of beaches. House built on stilts, hoa...still better than Chicago in February 👍👍👍👍👍👍
    7
  12455. This country is so backwards...We need universal healhcare. Not universal basic income. We need people working to pay into the system. Companies are replacing ai for human labor. I say see if ai can pay these taxes.
    7
  12456. Wow! I will go to Florida by March 15,I'm trying to purchase a home,close to the beach,but also by Port Saint Lucie,& West Palm Beach, I don't know ,but seems to good to be true ,(about theses prices, )well let's see ,it has to be a good neighborhood ,otherwise I will not even consider it.
    7
  12457. I'm 36, and I'm struggling. I feel bad for these younger guys. I don't condone them not doing anything. At least bust ya ass and save as much as you can while living with the parents.
    7
  12458.  @MichaelBordenaro  The con's out weighs pro's. Example; high taxes, over regulations, very expensive, etc.. Been to Florida and really liked it.
    7
  12459. They know their going to lose their home, but they want to keep having fun. Watch Caleb Hammer you'll see what I'm talking about
    7
  12460. I think the title is messed up
    7
  12461. I’ve purposely set the time on the oven to some random time, no clocks in my house either. When the morning sunlight wakes me up it makes me want to sleep in the rays, so I do. Late night is my time. All these ideas come to my mind, I’m always happy and it’s almost like a ‘this is my world’ feeling. Anything before noon is just a pain in my ass.
    7
  12462. Great video as always Michael! I’d love to see a driving tour of downtown St. Augustine!
    7
  12463. Please let your Mom know we all said hi, you have great parents and a wonderful family.
    7
  12464. If you have to sell after buying in this market you'll loose 10% right away. This is gonna be like buying a new car. 20% lower right off the lot. If you drove it around the block & tried to sell it back you wouldn't break even. Closing costs will be 10% this doesn't work
    7
  12465. This has effected me too, I was planning to live in a beachfront condo, and looked at buildings built during that same era along collins ave. It has woken me up to the fact that if you are in a condo you never fully control your own safety and its up to the condo board to make repairs. I I am now strongly considering building a custom home near Sarasota or Jupiter instead.
    7
  12466. Any place where multiple people are standing on corners and hang out at stores, you will have more crime and lower home prices
    7
  12467. We are in the denial phase .
    7
  12468. Those signs with stories are fake stories, you can take a free trolley ride that tells you that, and gives a lot of info.
    7
  12469. I Switzerland, renters represent the majority. Since they have direct democracy (referendum is more important than what parliament and government think) they adopted a law: for a vacant house or an apartment the owner has to pay the same tax, as if they had income from tenants paying fair market price.
    7
  12470. Prices need to drop and we are selling ours to move to another state.
    7
  12471. Michael, you don't have any haters! How could anybody hate you?
    7
  12472. The homes in my area on the low end have stayed constant or slightly increasing in price. 500k is the price point that matters. On the other end, the houses that were 700 are now closer to 600. Price range compression is immense!
    7
  12473. WOW 😮❗️You NAILED IT TODAY ON THIS VIDEO. And no wonder you’re such a “Happy go lucky man” it’s because you have a Beautiful partner ❤🎉! Have a great stay here in California. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    7
  12474. Love it! Thanks for sharing. I’ve been wanting to take a trip to the panhandle somewhere… It’s where my mom was born and she always brags about the white sandy beaches there 😊🏝 Last time I was there i was probably 10 years old and remember going to the springs with caves that are there too.
    7
  12475. Now inherited a house. Dad always said, get a job and work for your money. My first job at the age of 17 years old, I end up getting myself, 2 interviews in the same day, and end up getting them both. If I went to high school, College and then regular job, I always end up with 2 jobs for yearsssssss. Saved money, lived within my means, invested and it all paid off. Our 2 adult (kids ) will sell the home , because they will NOT live in this State. They have their own Roots in other states. We understand it.
    7
  12476. Just read a wall street piece detailing around 200 banks that are in worst position than SVB was before it went belly up and that they are going to be failing in short order and your buddy Reventue Consulting just said Florida market looks like it's finally starting to crack.
    7
  12477. Great video brother, I wish I was that natural outside. It's harder than I thought!
    7
  12478. Always informative Michael 😊
    7
  12479. I didn't/don't like working from home. I like getting out of the house and leaving it at the office. My commute is not bad though.
    7
  12480. i have a very old home, it's a farmhouse built in 1895. it's structurally sound i had the roof done about 5 years ago, all new windows, removed the failing plaster and hung drywall. we paid 72K for the house back in 2009. i wonder what it would honestly sell for now. it's located in a rural town in wyoming county (new york). i know it would probably cost nearly double but probably more then that. it's not a 600K house
    7
  12481. I'm gonna wait until prices come down to buy. Looking forward to it.
    7
  12482. Zillow is a scam. Always increase the value for realtor listed and they either match the asking price or won’t show it at all
    7
  12483. lol. the "Shy Ones" don't wanna be on U tubes. You are not afraid! We honor and respect all of your Efforts! You are a shining star, and Never Stop.
    7
  12484. I moved to FL because I had a remote job, lost it, trying hard to find another one. I don’t drive, though, so I need a WFH job.
    7
  12485. Gov De Santis unlike other governors is following the actual science !!! Not like some other governors who are following political science !!!🥸😷👻👻👻
    7
  12486. Michael, there are big advantages to having a gas stove and gas furnaces when the electrical grid goes down. You can cook and stay warm!! They will have to come and physically take mine. Eliminating gas stoves is not resonating well with Texans!!
    7
  12487. I truly enjoy the different neighborhoods, thanks for doing these very informative videos.
    7
  12488. One point you understandably avoided is the great government in FL and the opposite in a lot of other states.
    7
  12489. With home owners insurance getting so expensive I can see people dropping it altogether and next hurricane season there will be a lot of uninsured destroyed homes that investors will take advantage of.
    7
  12490. Gold standard!
    7
  12491. I know people who left Miami because they got sucked into the party scene and they couldn't control it. They literally had to move to save their lives.
    7
  12492. Mortgage companies are laying employees off.
    7
  12493. Beautiful neighborhood!! You should get a second home there!!
    7
  12494. A house I owned in CA is now worth 2.8 million according to Zillow. Property taxes are about 1.3% if they're still same. That's about a $40,000 per year tax bill. With increase in property values in places like Miami, I'm guessing lots of folks are gonna have difficulty making tax payments as well as insurance even if they have no mortgage
    7
  12495. I am looking at condos for my son. I looked at a few. I found one today that hits all my expectations. Under ground parking. New paint and new carpets trough out. It’s cheaper to by a 2 bedroom condo than renting. Unfortunately do to a break up of the marriage and paying child support I will help him out. Of course the condo will remain in my name. He will pay the monthly cost . You think I was wrong?
    7
  12496. Hi Michael, how do you compare the crime in FL to CA? When I travel to Florida I always feel like there is more crime and worse drivers compare to CA. The good areas are so close to the bad areas in FL. In FL local news or Sun sentinel Newspaper . Why do you think there is so much crime in FL? In the news I see a lot rape cases, shootings, racist people. I think in Florida you always have to be alert when driving around and in CA there is more distance between the bad areas and good ones and you don't have to worry for crime as much. Is there a way to avoid tolls to go to Orlando or Orlando to South FL. What do you think of Orlando. It seems boring and no beach close by. Thanks for all your videos.
    7
  12497. I'm waiting for stagflation to take full effect. I'm not paying more then 80k for a 30 year old ranch home.
    7
  12498. Excellent video Michael. Should be mandatory review for most Americans. I'm living the increase in Montana. One of the cities in my state is one of the fastest growing ones in the country. Bozeman. It's a college town and has alot of Tech stuff going on there. Alot of money has poured into the state the last 5 years or so. I'm praying the down turn will affect us. And soon .
    7
  12499. I remember Ellen, she was in my freshman class in high school. I was having problems with one of my classes and Ellen told me that all had to do is guess at the answer on the tests and the teacher would give me a passing grade. That didn't work out, I got to do freshman year all over again the next year. Thanks Ellen
    7
  12500. Looks like my kind of place...beautiful and quiet. Thanks!
    7
  12501. Thank you for the content as well as your honesty when it comes to your content. You’re awesome!!! We’re planning to move at the end of this year or the beginning of next. You’ve been inspirational and we’re planning a trip to check out different areas of South Florida.
    7
  12502. Thank you again for the video. I like your analysis on the pricings of the homes and how you take the time to travel to these locations. I appreciate your hard work sir. 🔥🔥👍🏿👍🏿😁😁
    7
  12503. wow that leaves me just enough free time to eat, sleep and crap. just gonna have to pee my pants
    7
  12504. Texas has more jobs than FL
    7
  12505. Michael do you ever see trump flags?
    7
  12506. Lived in Hollywood in 93'. Miss waking up looking out at the ocean on my 5th floor balcony while drinking coffee in the a.m. It's now 29 degrees outside my window. Brrrrr! I'm ready to go back to Florida. Retirement can't come soon enough.
    7
  12507. Hoping to move down to Miami at the end of July from NYC and I believe it'll lead to a better work/life balance. Here in NY, I'd leave my house at 7 AM and get back home around 9 PM due to long hours and commute to FiDi.
    7
  12508. I had to Google “growth recession” it states “a economy growing so slow, it’s losing more jobs than being created”.
    7
  12509. Your channel is great! I’m learning a lot as a property investor. You’re so right about picking the right realtor. I know about that first hand! Caveat emptor! Thanks Michael.
    7
  12510. I like the practice of saying buyers will get the discount while being careful not to say "sellers are going to lose equity" out loud
    7
  12511. Hey Mike when you get a chance check out Texas. Lot's of new houses and developments and they sit empty because they can't get anyone to buy them. And I mean Lot's of houses empty.
    7
  12512. Really enjoying these tours of The Villages!!! Thanks for going and checking it out for us!!! Looking forward to the next ones!!!
    7
  12513. Mortgage rate is irrelevant when the price is low. Interest is a write off, low principal = low taxes and insurance.
    7
  12514. "Credit Pinch" eh? The ghost of 2007 haunts us. 5%? Are these guys high? I have ZERO debt, thanks to advice from you, iAllegedly and a few others who speak truth even if it is ugly. Enjoyed your appearance on Sachs Realty. Doomsday happens, I will survive thanks to preparation, zero debt, and living the "greatest generation" standard (spend nothing/make do). I would love to see you feature north central (esp Marion County) - I do not do beaches, but I think Florida is boffo as long as one stays out of the big shtties.
    7
  12515. Great tips. I own a condo, but I didn't put any money down when I financed with a VA loan.
    7
  12516. Michael, we are from the same state (I’ll) and I have watched so many of your videos that I think I know you (but don’t). My point is that you have become so damn smart that I would bet that you have blown the minds of your friends back in Illinois. Good for you!
    7
  12517. Nice bringing the wife alone, my wife’s name is also Lizzy.
    7
  12518. I moved here 3 years ago from Mass, and I LOVE IT!!! No more SNOW, and Lots to do on Days OFF!!!
    7
  12519. I am definitely one that appreciates your advice. People are crazy buying a house now. I lucked out when I bought my house after Hurricane Katrina. I overpaid, but not by much and still live in that house today. Even with prices down a little my house still appraised for 160,000.00 more. So I have a little room.
    7
  12520. Absolutely beautiful beach in Fort Walton it is located at the Gulf of Mexico water Michael
    7
  12521. Having money doesn’t mean you have common sense
    7
  12522. What drove prices up is what is called “money printing”. To blame brokers for higher home prices would be to blame car dealers for higher car prices or the cashier’s at stores for food
    7
  12523. Hi Michael! Thank you for all the updated info! I appreciate all the time and effort you put into staying current and informed. Have you noticed any changes in the Miami market yet? Things seem to be behind other markets here…
    7
  12524. What size house do they have that it cost $5K for new water heaters and $22K for a new HVAC system???
    7
  12525. I have a question for you Michael... with you living in Miami and being in real estate. 😀 My husband, family and I have lived in Florida (Sarasota) for almost 4 years now and traveling around the state, my husband and I are always wondering, “How can there be this many people, who can afford this many million dollar homes?” And I’m sure some of those houses are the owners, 2nd homes or winter homes. Are many of the owners in extreme debt?
    7
  12526. A big problem is wishful thinking. It can apply to how they manage new expenses they want to take on, where they're moving, a job change, and the like. There is this constant assumption that it will just work out because they WANT it to work out. Hope is one thing, but life will always throw unexpected setbacks and there are all kinds of raw deals that are made to look enticing. Like you said, there isn't financial preparation because they don't think it's necessary or don't even think into the future about what might come up. The world of business often preys on this human tendency.
    7
  12527. Recently found your channel and have been enjoying your adventures Myself on a similar path and time in my life.fantastic
    7
  12528. Game the system and survive. Play it straight and not make it.
    7
  12529. Concerning retirement, good luck, all the best, best wishes to all. Plan, prepare, we got to take this seriously.
    7
  12530. Awesome video, you are one of the best real estate guys one can find, he is saying the truth
    7
  12531. Great informative video. Thank you for sharing.
    7
  12532. Agree, it does take a lot more time to actually drive Florida compared to what you think it would take by just looking at it on a map. It is visually very deceptive. I just moved from St. Petersburg to over here in Southeast Florida & it was a 4 hour drive one way. I made many trips back & forth in my car in the pouring rain.... driving, unloading the car & driving back all in the same day... it was exhausting... LOL!!!
    7
  12533. And this is why you buy title insurance when purchasing a house.
    7
  12534. The bigger problem is that when people aren’t able to buy, the have to rent, more renters will then push up rents year over year. My landlord just increased rent by 10% recently
    7
  12535. I appreciate your candor, it's your channel and you are driving it. I also appreciate your insight and I welcome your thoughts, thank you for your content! Hope you have a good day 🏝🏝🏝
    7
  12536. Love the new hair! Thank you for the retirement info. I'm 5 years away, and it may be longer if this economy doesn't get any better. We are all worried. 😮
    7
  12537. There will be a MAJOR economic collapse, if the majority of our society cannot afford an average priced home
    7
  12538. I believe everything I’m told by representatives of the NAR (sarcasm).
    7
  12539. Renting or buying a condo is Waste of money. You have no privacy and association fee is sky high. That my opinion, if you work hard for your money, people should buy a house instead.... you can anything you want to your house. Condos, you can’t.. anyway that my opinion.. like your video Michael... You should try to talk about Housing more, instead of renting or owning a condo, give people more options to look at
    7
  12540. For the algorithm
    7
  12541. I cant wait to see what's going on in the housing market July 2024...
    7
  12542. Terrific content as usual. What is happening in Miami is happening in most markets and so the information is very valuable.
    7
  12543. I lived in NYC for years, once you get used to florida - fishing, golfing, swimming, beach, boating all year long - you are not going to want to leave
    7
  12544. And South Carolina is just as expensive as Florida is
    7
  12545. With 90% of the population unable to manage their credit cards without excessive interest fees what makes you think that they have the self-discipline to work from home and be productive as they were in an office setting
    7
  12546. I wonder if it’s possible for a YouTuber to go thru the entire video without saying “I told you” 🤔
    7
  12547. This looks like the garage area of the condo that collapsed.
    7
  12548. You moved to Commifornia...?
    7
  12549. So what do you do with the electrical when the power goes out?
    7
  12550. Home prices north of Tampa are still affordable for my 2021, 3br 1 acre I pay $1200 insurance and $3500 taxes. Power and water only a fraction of what I payed living near Seattle.
    7
  12551. Loan modifications were huge in 2008 and they were a disaster. The government put many mortgages into arrears after failing to pay mortgages that they had the fiduciary responsibility to pay.
    7
  12552. I did too!
    7
  12553. I sent him a message right away. Glad he and his lady are safe......
    7
  12554. insurance for your insurance....good grief
    7
  12555. They need to ban short-term rentals everywhere
    7
  12556.  @MichaelBordenaro  I agree with the assessment by Ya Boy Alex. I used to be a breadman years ago and Flagler Beach was my territory. It ran from Ormond Beach and followed A1A almost to Marineland. It's a beautiful and laid back area. If you like it quiet and are satisfied with the limited offerings, it's a great place. I'm not a fan of the beach, too orange, too much slope and sand fleas. On the other end of Daytona Beach (the land that Florida forgot about) is New Smyrna Beach, which you are quite aware. I was a mailman down there before I became a breadman. NSB has much more character and charm, but is also laid back and quiet with much better restaurants and housing. The beach is excellent and you are on the other side of Ponce Inlet. If quieter is what one is looking for, on the East Coast I'd choose NSB in a heartbeat. Further south it gets more eclectic and much more to do with more choices. Just my 2 cents from spending a lot of time in that area. Love your videos. Besides having good content, they are produced well, which is hard work. Best of luck!
    7
  12557. The used car thing is pretty funny. I bought a used Nissan Rogue off a 3 year lease in 2019 for 16.5k @13.5k miles. Last year I had an offer from a dealership for 17.5k @ 30k miles. I could have made money on that deal! I obviously didn't do it because everything else was so expensive it didn't make sense. It was insanity and people are so financially ignorant they never stop and think about these big purchases.
    7
  12558. Thank God you are safe. what a releaf. thanks for letting us know
    7
  12559. We sold are house in March 2022 and are waiting the market out.
    7
  12560. Id love to see some of the state parks
    7
  12561. Michael you are just concentrating on real expensive areas, areas that the majority will not consider. Look at areas that are selling for 700k to 800k, like Upland, Rancho Cucamonga, Montclair, Claremont, these are nice areas that I’m waiting on, that can be affordable. But I will not pay the current overpriced, rent is still more affordable in these areas than buying.
    7
  12562. Great video. We thought about buying real estate in Florida, but as you said there are so many issues for a foreigner that we think it's not worth it for us. Visa problems, tax declarations (US and Switzerland), difficult to deal with problems while we are in Europe and so on. And the total dealbreaker for us: High prices because of low interest rates, so buying cash is unattractive, but foreigners have very bad mortgage conditions. We decided to put the money in ETFs and rent when we are in Florida. But I guess as I'm still watching your videos we could change our mind anytime... :)
    7
  12563. $5 million dollar with a puddle of water by the mailbox😮 king tide or hight tide on a sunny day,,🤔
    7
  12564. Out here in Hawaii I have noticed land prices dropping and some houses. There is definitely more inventory than before. We bought our house with a probate settlement and are really glad we could last June. We almost went to Florida but had been out here for almost 20 years, now we live in a more rural area so price was much lower than up in the cities. Left San Diego back in 2005, glad we did we could never afford to buy there.
    7
  12565. A friend of mine couldn't afford a house in California, decided to buy a car instead.
    7
  12566. Thanks for sharing the REAL news on what's going on with our economy!
    7
  12567. Bro i can't wait to leave this rat ness called new York its too much noise and way to fast and darn cold i can't no more
    7
  12568. Reminds me of my childhood in South Florida in the 70's. We loved it when this happened - extra lakes to play in
    7
  12569. Giving large amounts of money to people that can't cope is useless folly.
    7
  12570. Thanks for the continuous updates. What a nightmare! I had seriously considered purchasing a home in Naples, Florida, when the time is right. It's only a short flight from my current homes in Costa Rica and Panama. I will consider Plan B, purchasing a yacht, flag it Panamanian, hire an all female crew, and sail the seas!
    7
  12571. Lol. Wait until you find out about Alys Beach
    7
  12572. Really enjoyed this video!!! And yes, it really depends on where you live in Florida in regards to what kind of wild life you will see!!!
    7
  12573. Prices are insane in USA in some areas...
    7
  12574. We need to start somewhere with EV’s I think the tax break is stupid! They should have invested in the infrastructure that would be needed for people to own EV’s. But EV’s is the future so America can either lead or let someone else reap the benefits.
    7
  12575. I left Florida in 2006. ! Cost of living was crazy ! I haven’t been back since 2011. ! One big city !!
    7
  12576. I just got a nice job offer with a another company over 30 percent higher. Get your resumes out there, companies no longer value loyalty and continuity so you do you.
    7
  12577. I was born and raised in California but let me tell you I wish I could move to Florida. I don’t necessarily hate California but it is horrible here because of all the fires and the hot weather. I feel bad because California wildfires are spreading to Oregon and it hate that. Also the news said it was going to get cold but I am in my hot apartment with the fan on. The news called that cold! I mean come on the news said it was going to get cold but you could never believe in what the news says. I like California but come on. In my conclusion California was never breathtaking in my opinion but COVID made it worse in my opinion. The end of my exaggerating.
    7
  12578. The only thing that terrifies me are the roaches. I knew you'd mention them so I had the video scrolled down so I couldn't see them. I'm terrified of them even in pictures and videos. Hated the movie Wall-E because of the roach! :D I'll take spiders and snakes any day.
    7
  12579. Thanks for the 'Walk & Talk'. When CBDC is introduced, paper money will most likely be taken out of circulation..
    7
  12580. Thank you this video helped a lot , I’m moving to Miami this year , I’m building my modeling portfolio for Miami and am excited
    7
  12581. You'd be surprised, but there are hills in Florida that rise 300 feet above sea level! And by the way, yes, hurricanes are very miserable.
    7
  12582. No homeless camps blocking sidewalks..must be nice
    7
  12583. 5:55 min to 6:00 funny as hell with the stray dog
    7
  12584. So relate to this. Except for having a girlfriend.... There’s a stigma that if you’re happy being alone you’re somehow not sociable which is not true. I’m my most peaceful when I’m alone. Being happy alone is almost an art to master. If you can sit by yourself and be happy, not content but happy, you’ve mastered one of the keys to life. Very nice of you to open up and becoming a bit vulnerable on YouTube, I admire your strength.
    7
  12585. Ty!
    7
  12586. You are missing the recreation in Ocala National Forrest for campers, hikers, ATVs, trail riders, horseback riders, and the Croom MX/ATV park, and Marion County Fairgrounds flat track. Lots to do for outdoor recreation
    7
  12587. Unfortunately, nowadays 1/2 a million only buys a basic home.
    7
  12588. Alot of pain on the way this mess just got started.
    7
  12589. I can relate, I live in Washington, in the northwest area of the United States. And it’s basically raining and grey every day, keep in mind that the summers are very pretty, however winters suck, springs suck, autumn is alright, but still. It’s a very sad state
    7
  12590. 🎉🎉🎉 Thank you Michael for another awesome video today. You always have the BEST current information regarding Real Estate. Keep on keeping on my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    7
  12591. We all enjoy your walks with talk.
    7
  12592. I really like your style of presentation Florida in two months I want to move from Idaho with my family in Boca Raton Do you think it's a great place to grow kits and have jobs there around.
    7
  12593. I was priced out of real estate in the St Louis market. My job and life are in St. Louis. Born and raised, I have lived in other places, too. So I opted for a new one bed one bath 2024 champion mobile home. Pad rent is $545 with everything. My mortgage and insurance and taxes are $723.07 currently I make good money as a single person with benefits close to $100k. However, I am trying to save up, and I want to get my own land farther out in rural Jefferson County. I am blessed because, as a hardworking millennial, I wanted my own place. I struggled in 2008 crash and covid crash.
    7
  12594. Drink the Kool-aid!.....Buy an EV and vote for Joe Biden!
    7
  12595. Hi Dad! You guys have fun at the wedding.
    7
  12596. Sanibel Island ist great but the beaches are just standard beaches. The great things on Sanibel are the wildlife, the J. N. "Ding" Darling National Wildlife Refuge, the farmers market and so on ;-)
    7
  12597. The sunset is beautiful tonight and the Christmas lights went up today around the pool/clubhouse.
    7
  12598. Any time you have a sales job or seasonal job, waitress...etc. Put money away when times are good. A plus of becoming a real estate agent is you learn a lot about the real estate industry. Many agents I know have rentals or flip homes bought low fixed and sold.
    7
  12599.  @tlw842  same. Beach front condo retirement is off the list for me now.
    7
  12600.  @stephanienewton6618  I have done a total pivot. Instead of going to Florida full time, I may opt instead to remain in the cheap Midwest and do monthly rentals from Dec - Feb.
    7
  12601. Hi Michael, I appreciate your perspective about housing prices but no one has a crystal ball. I recently listened to a program in my area called The Financial Exchange and they predict a flattening of housing prices in the immediate future and not a significant drop until incomes start to catch up some time in the future. This is what they said about my state in the northeast. I like to listen to both opinions and we will see.
    7
  12602. Well said.
    7
  12603. Michael, I love your videos! My wife and I are trying so hard to find a house in the Tampa area but my God, everything that's decent a d doesn't need 20k in refurbishing is a bidding war and pricing us right our of our budget. Its brutal knowing we'll spend 25k more than we should and we still can't find the right property!
    7
  12604. I hope they don’t use this as an excuse to crack down on swap meets, flea markets, farmer’s market, etc. I like shopping there and they sell the damaged goods from retail stores which I get for cheap 😊
    7
  12605. Never waive any inspection, first that is not legal for him to make such request. My recommendation is walk away from anybody that does not want any inspection or any as is sales, in general they are hiding something.
    7
  12606. The " A" Team is on the Channel.....Great Job, Guys !!....Thank you..
    7
  12607. Hi Michael, what they need, like you said is to STOP STOP STOP printing those money. BBB PPP or whatever 3 letters you have do not work. This Potato administration we have is a complete joke.
    7
  12608. I just joined this channel for two reasons: Nick was a guest, anyone who knows Nick knows his capabilities. A friend of Nicks is a friend of mine. (2) seems as if Michael’s approach to the housing situation is data driven like Nick. And I live in Miami, sold my Homestead home now renting in Kendall, waiting for the market in SFL to correct to at least early 2021 levels (when I sold).
    7
  12609. FED will have to raise interest to the 7% mark to kill inflation. I reckon they will not do this thus inflation will last longer than anticipated. This is the price the USA pays for the almost free money policies in the Bernanke era. You cannot print (real or digital) billions of dollars without consequences in the longer run as we see now. Same is true for Europe where the ECB under Draghi copied the Bernanke policies. Sure endresult: recession if not a minor depression. Happy that I invested in fysical gold and not in the stock market. That is for sure. And I profited from the lowest interest rate for 30 year mortgages ever in december 2021 : 1,64%. Look at the signs and use common sense and do not fall for baked air like the stock exchange or bitcoin. Bitcoin goes like a jojo. Up, and down. Up, and down. Way to risky for me.
    7
  12610. The lesson is to do maintenance!
    7
  12611. I think the remote work issue is just making it easier for people to 'quiet quit' and get a bit more blatant about turning in a bad performance at the end of the day. It's a lot harder to screw up face to face, or to slack off if you're worried there might be eyes watching in the office. At home, the 'real' you comes out, and I think a lot of people are either not being treated well and have one foot out the door already, or are finding that they're just not cut out for the self motivation you have to have with remote work. Not everyone has the drive to work well at home, especially if morale is low. Bad management can't quite whip unhappy employees into productivity as easily when it's not face to face. As for me, absolutely no way I'm coming back in. Working in the mortgage biz, it's pretty awful for us right now so I'm seriously in need of a raise anyway - really can't be asking me to commit to a work environment I prefer less when the company doesn't have the legroom to make it clear I'm valued after 5 years on the job. But aside from that, I want to move out of Idaho sooner rather than later. One of the actual advantages of this job is that they're willing to accommodate that since they're still getting good work out of us. Sloppier, maybe more distracted work at times, but the team hasn't really suffered from WFH. I wonder what everyone's thinking about tiny houses lately. Seems like it's been a trend for a long time, way too small for my tastes, but I have to imagine if someone wants to downsize their mortgage situation, being able to put something together that's still fairly luxurious but very efficient with its use of space and materials would be a strong way to 'live within your means'... if we can figure out the land situation. I'm always paying attention to the insane plots of land you see on these shows/videos and have to imagine the cost just to own that parcel is more than you're saving by living in what amounts to a premium trailer. There's always this disconnect between how efficient and affordable the house itself is, and how huge the lawn ends up. I'm big on the idea of moving away from the total waste that we live with today. Too much house, too much land, too much reliance on vehicles and consuming too much. There's a better way to do all of this, and frankly when you see it or experience it, you just know it feels right. We're way too cooped up, too reliant on technology, trying to find temporary relief in the form of more dopamine from our internet boxes. I think it does a lot of us good to step back and find pleasure in the simple things.
    7
  12612. I like how moderate Florida is in politics, tired of communist California. Now we're gonna pay reparation tax😔🤬
    7
  12613. Artificial low rates coupled with the fact that sellers were scared to list their homes during Covid. Kudos for enduring the heat for us Michael!
    7
  12614. People go to these beaches as they tend to be isolated, or used to be. They are principally known for shelling. Shelling is big there as Sanibel is one of the best shelling beaches in the world. I looked at property on the island a few years back. Its hugely expensive and is designed to be pretty much exclusive at this point. I live on a nearby island that affords better value and amenity to water access albeit primarily boating. (Cayo Costa is a nearby state park accessible by boat only). Bowman's is a nice beach, the beach at the south end (Light house area) is also a nice beach. The idea of the island is that it is something of a preserve, however development has compromised this to a large degree in my opinion.
    7
  12615. The Florida Panhandle is also having a shortage of homes for demand. I've talked to realtors who say they are pre selling and leasing faster than the builders can make them.
    7
  12616. i have no interest in moving to florida and i do not know why youtube recommended this to me, but this was a very informative and engaging video. nice job keep it up!
    7
  12617. When I would go hiking south of Jacksonville, I saw alot of signs to be on alert of wild hogs, never saw one and don't know what i would do if I did😳😳
    7
  12618. Learning a lot from this channel. Thanks.
    7
  12619. I am getting educated every day about the housing market by watching your videos.
    7
  12620. I'm breathing...can I get a loan?
    7
  12621. I've been living in FL for 17 years and I like it a lot. It is not for everyone though. Some people complain that is too humid & hot during summer. But I was born & grew up in Puerto Rico so I'm used to hot weather & humidity anyway. To me the pros outweighs the cons. I like the laid back lifestyle too plus great beaches, lots of different restaurants to choose from, theme parks, stores, diverse culture, no state income tax, etc. Spring & Winter are the best seasons to go out due to the nice weather. Summers can be schizophrenic lol, but that's normal due to the tropical/sub-tropical weather. I don't think I could ever live in a place with lots of cold & snow every year.
    7
  12622. Lots of high rise problems on both coasts. Imagine being a multi-million $ owner of the sinking (literally) Millenium Tower in San Francisco. Estimated $100M to fix it and they’re not sure if that will even work. Our own modern version of the leaning tower of Pisa. 🤦‍♂️
    7
  12623. You really should consider stopping at Anna Maria Island. The beach is beautiful with soft powder-like sand.
    7
  12624. 😔My landlord told us we have 60 days im still in the early stages of starting a business so my garage is full of equipment. Renting is not an option in my area. No me and my wife cannot relocate to a different state due to our Jobs. Our realtor is saying we need to go to our max. Otherwise we are looking at houses in gang infested neighborhoods for $420,000 asking and it's going 20+ above. We have 2 young kids, what do we do? Rent is so unaffordable and now out of our price range. Im just lost.
    7
  12625. Time to protest like the French
    7
  12626. So many loan officers and real estate agents still firmly believe that home prices are not going to drop because there is still a historically low supply. They don't seem to want to account for how many perspective buyers are quickly being priced out of the market by rising rates and high home prices. I think the approach of "refinance when rates come down" and "the price of the home will never be cheaper than it is today" is a fantasy.
    7
  12627. Very nice ! I live in on the gulf coast so it’s interesting to see how beaches on this side differ from beaches in that area. BTW there are TONS of Culver’s in the Tampa area. Almost on every block.
    7
  12628. This is one of your best videos Micheal, of contrast / compare for renting vs. buying, and takes the place of the dinnertime family discussion which would hopefully occur between partners, or enlightening siblings about financial planning with regards to real estate and living expenses. Great teaching class video!
    7
  12629. That scam has happened to me similar ones with fake payments and all . Also my son was in a hit and run accident over weekend. The guy was at fault and fled the scene thank God my son was able to video tape him fleeing the scene but what it taught me how many criminals r on the street and I didn’t have uninsured motorist apparently we need that insurance too it’s been a nightmare . But we r pressing charges on the guy we have a detective but guys be vigilant in everything u do . Thanks for uploading this video it’s definitely a eye opener to some people ❤️
    7
  12630. I missed the survey 🤦‍♀️ But, I wouldn’t hesitate to move to the coast of Florida. (In fact, that’s where I envisioned I’d be this year.) That’s a risk you’re willing to take for living in Florida, or any coastal city. JMO 🤙
    7
  12631. We always called Cape Coral Cape Coma because of all of the seniors and the real estate crash from 2009. So many people are thinking this will stimulate new development. I tend to differ especially if oil prices go higher again. As a resident of south Florida for 54 years I can assure you it is hotter than ever, I grew up without air conditioning and had none from 2020-this summer. Imagine how much fun it was after a hurricane with no power sometimes for weeks. If the grid goes down all the high rises become unliveable with no water. New developments are zero lot line with no trees. Most new windows not have no screens. Heat and mosquitoes would assure mass exodus when grid is down.
    7
  12632. Excellent diabolical plan by Lending Tree.
    7
  12633. The prices neighborhood is "absolutely Bonkers" 🤪 I'm in the market in buying a house but I refuse to buy in this insane prices. unless I see a unicorn or leprechaun house.
    7
  12634. how are people in the ghetto affording 500-800k homes? lmaooo
    7
  12635. 🥇 🏆 😂100k!!!! 🎉 👏
    7
  12636. Just moved the bulk of my savings to t-bills. Not a small amount. Keep wondering if they'll notice & send me an email or something, but I doubt it.
    7
  12637. Thank you so much for this life lesson! Really appreciate this.
    7
  12638. @MichaelBordenaro you are my favorite content creator. You tell it like it is.
    7
  12639. Up here, in Pinellas county, we thankfully have no issues getting gas, but it is so freaking expensive right now. Is that from the problems down your way? I have Citizens Ins on an older mobile home 5 miles from our most popular beach and had to pay it today. It's gone up more than 60 percent since I took out the policy in 21. I cannot get insurance on this from a normal company and cannot afford to lose it, Ian was supposed to make a direct hit here.
    7
  12640. I live in Port Saint Lucie and taxes have risen quite a bit. Insurance premiums are getting ridiculous. I had to settle for Citizens. Most companies are asking for 2,500+ for the year. Highest I was quoted was 3,800.
    7
  12641. i have seen properties that have 1 foot in a flood zone & the entire house is considered flood zone. i find it hard to believe that he wasnt notified, force placed insurance is more expensive. thats what im trying to figure out- taxes based on purchase price. im going to call the county
    7
  12642. Ocala actually has mostly new home construction with decent lots and trees. Population increasing by 1% per year. Nice town, good customer service, possibly Florida's best kept secret.
    7
  12643. I think you are better off renting until you can get a more traditional home. With manufactured housing, you still need a piece of land. Also, the value appreciation will be much less than in a conventional home.
    7
  12644. Thank you Michael for the info and efforts.. we really appreciate what you are doing…👍
    7
  12645. Sunset Harbour also had most of its streets and sidewalks raised by up to 3 feet. That's why you have the higher sidewalk next to the lowered outdoor dining areas. Those used to be the level of the sidewalks with the streets even lower.
    7
  12646. Another reasonable discussion by Michael . Nobody has a crystal ball for the future. There are agendas and directions that governments and places 1%ers wish to push things. Way above my pay grade. To know. Just be honest , have integrity, be truthful, and don’t lose sight of yourself or how happiness is generated. We’ll be fine.
    7
  12647. I think banning out of area investors is a great idea. Wish they'd do it here in FL.
    7
  12648. Next month when the economy tanks, it will be 0% or no money down and no job and a credit score of 500. 😂
    7
  12649. Hey Michael, we enjoy your videos!We live in Vilano Beach (near st augustine) and have lived here for 20 years. Thinking about moving to the ormond beach area to go from a townhome to a home. We shall see about timing, your channel keeps us abreast on the changing real estate conditions. We have been looking for the last year but the cash buyers were killing us! Also the prop tax increase we would have to deal with us has us a bit worried. We shall see, as we are both retired and don’t HAVE to sell unless we get the right house at the best price, Thanks again for your efforts!
    7
  12650. everything on your wishlist? this is what HGTV has done to peoples thinking. What happened to starter homes where you dont get everything on your "wishlist" but you fix it up and live there and build equity and move up from there. We have such self entitled people these days who want it all right NOW. how stupid is that?
    7
  12651. Everyone is doomed. DOOMED I tell you!
    7
  12652. That kitty cat looks like she may have just had kittens. They need shelter, food and safety. No animal control or animal shelters though. Even no kill shelters send the animals off to be killed. They just don't do it at their particular location. (Something they don't tell you).
    7
  12653. Kool. Nice to see your dad
    7
  12654. I'd skip Tallahassee! No beaches!
    7
  12655. 😂funniest video I’ve watched on your channel. I live in Los Angeles and every time I drive around I think the same thing and wonder 🤔 to myself why is every house in Los Angeles worth a million dollar? Nothing but junk housing. And if you do buy one of these million dollars junk houses and finance for 30 years, you would end up paying close to 3 million
    7
  12656. Australia be crazy over priced
    7
  12657. Amen. I've ALWAYS said you don't own your home (even if you do not have a mortgage)....stop paying your property taxes and you'll find out who REALLY owns the house. I know people don't like to hear that, but it's just the simple truth.
    7
  12658. Your video prediction from Aug 23, 2022 didnt exactly happen like you predicted. Had to post again since my previous comment was hidden.
    7
  12659. It all depends on where you live or where you buy. My mortgage on my fixed up 1950s Florida Bungalow in Dade City FL is $757/mo on my 30yr fixed mortgage (with current escrow) + it is my primary residence (Homestead Exception). The roof is good for at least another 15 years, it also has newer southern windows & I also have AHS that covers the AC, appliances etc. I also have no HOAs or CDDs to worry about. My TECO electric is between $70-$110/mo & my water trash is under $25/mo.
    7
  12660. Can you do a video talking about CDDs? Sounds like a huge turn off to living in certain areas of Florida, such as St Augustine. Is it included in your mortgage amount? Seems like if you get a mortgage for X for a house, your mortgage can actually be X + an insane amount of tens of thousands of dollars for the CDD. If you could talk about this that would be great. Thanks.
    7
  12661. GREETINGS MICHAEL... I'M ALWAYS SHOCKED AT THE CALIFORNIA PRICES.🌴😕🌴
    7
  12662. Congratulations 80K!!! 🎊 🎉🎉 🥳 More to follow!!! Thank You and Happy Thursday Michael!
    7
  12663. I’m glad I found this channel great info
    7
  12664. I am making 50 grand a year. I can barely afford to live here in Tampa. Who is paying these rents?
    7
  12665. I ran into a neighbor in my apartment complex whose rent went up $300 last year in Tampa. This year they raised her rent $20. I'm curious what mine will be since my rent went up $400 last year. I think it's good rents are decreasing but I've never in my life had my rent go down in Tampa. Ever. They don't even have to lower it (it's not like most people have options), just make it less of blunt force trauma at lease renewals so people don't buck and run. I have noticed though that home rentals are legit a thing of absurdity. All homes now in my area for rent are what a mortgage payment would be if you were to purchase the property so I don't know who (who could qualify) would rather be building someone else's wealth instead of their own. Plus you have to make 3x the rent to qualify which is probably what a bank would require for a mortgage.
    7
  12666. 2024 looks like it will be a bumpy one.
    7
  12667. It won’t work that way, Michael. That’ll force sellers to repair/improve their property because banks won’t lend you if house has an issue. That’ll be very burdensome for struggling sellers. Let free market do it’s work.
    7
  12668. Everything there in Fl is insane. Glad I am in New England. And guess what, we have sun 7 months out of the year too. And the ocean nearby.
    7
  12669. All these greedy investors are going to get the government involved and there will be heavy regulations , rent controls, etc.
    7
  12670. Michael, is the house available for $25K rent owned by an individual or a corporation? Hard to imagine how someone can afford upkeep/insurance on such a valuable asset. Perhaps this is just one house in a real estate portfolio, and they are not too worried about it.
    7
  12671. Google is worried right now because of ChatGPT, which can undermine the core of Google's business (its search engine) if it fulfills its promise. Google's CEO, Sundar Pichai, is so worried that he's brought in the founders (Larry Page and Sergey Brin) to strategize Google's next move. Google is rumored to be undertaking their equivalent of the Apollo Project, catching up and surpassing ChatGPT before they get wiped out. Pichai was complacent and never saw this coming.
    7
  12672. Bought ounces of gold in 2018 @ around 1200 and oz. Not sure what investment would have done better at this point??.. Thanks to you Michael!! You nailed it 👍🏿
    7
  12673. Greeting's from Cleveland, Ohio!!! Right now I'm holding off buying. I moved back into my folks house a year ago and have been saving so much money for my next house. I also took a 3rd job and I'm stock piling my money. My folks are elderly so having me around has been a dream for them. Obviously I'll be moving out soon (buying) but I'm holding off for a year.
    7
  12674. You don’t really own your home in the USA. What happens when you can’t pay your taxes anymore due to a health issue and a big hospital bill. It’s a scary thought. I love renting. Can go anywhere I want. Especially if you own in an HOA. They can also screw you and take your home. And those fees keep going up
    7
  12675. Just FYI my moms medicine is over $1200 a month. She’s 78 so no side hustles for her
    7
  12676. We're not purchasing yet. Waiting to see what happens next year.
    7
  12677. WOW.....Nice Resort !!....Michael, that place would be a perfect "55+ community".....Ironically, I was just at Marina Del Rey this morning taking a walk.....Have a Safe Trip......
    7
  12678. Pensacola is perfect in so many ways and more affordable than anywhere else on your list. I moved here in 2018 and dread going to Fort Walton or especially Panama City, which is a commercialized landfill. Areas on 30A are fantastic to visit, but very very expensive.
    7
  12679. Thanks Michael for sharing another interesting video very much appreciated in these difficult times.
    7
  12680. There is a reason why 2 out of 3 billboard advertisements on I95 are for Shyster, Shyster, and Loophole.
    7
  12681. You’re livin’ dangerously. Just sayin. At least it wasn’t winter in like Illinois. Then there would be a problem. I guess a hurricane could do it too.
    7
  12682. You have got to do a video explaining "The Inflation reduction act". I don't get it at all. I can't find one thing in there that lowers inflation. Like you said, what they do, not what they say 🙂
    7
  12683. Your's is my new favorite Youtube channel. Glad i found it. 👍
    7
  12684. Heard Desantis say that as of today Florida is the 50th state for lowest cases. Even less than Alaska.
    7
  12685. That's right, if your not in the top 10%, you are fucked by design, and the bext time we have this conversation it will be 1%
    7
  12686. do condos/apartment for rent offer 2 parking spaces ? my wife and I own two cars and we've seen only one parking space in most of them,,, you'd just park one car on the streets ? great videos man, moving next year
    7
  12687. Saw the house you passed with the two EVs and it made me think about the YT Short you just posted... Does working remotely justify extra spending like this?... I think not.
    7
  12688. So sad to see old Miami condos coming to this end , thankfully Fla is paying attention now . prayers for those owners
    7
  12689. One word: Comifornia
    7
  12690. 500 million in 2007 is 727 million in today's money
    7
  12691. Stuart hands down the best in the state
    7
  12692. I feel like there can on be a crash on luxury homes. The standard 3 bed 2 bath maybe 1250 sq foot still only go for like 230-250k in my area. Will I ever see a dramatic decrease in price like pre pandemic? The same home was for 160k in my area in 2018-2019. For affordable homes like these I dont think there will be much of a change in this type of lower end market. Thoughts?
    7
  12693. It's cheaper to rent now than buy a house ... I don't see why this is so hard to understand? This is the reason why I don't listen to people around me who are ruled by FOMO.
    7
  12694. Awesome finds! Can you also do a vlog on units w/W/D in unit, assigned parking & A/C & heat? Would you be able to do an in depth review on neighborhoods, as well?
    7
  12695. Two of my favorite truth telling YouTubers!
    7
  12696. Get out of there before they claim you’re a resident and charge you state income tax
    7
  12697. All those workers are gonna just sue the company this will drag out for years
    7
  12698. About that thing about 13:20 One of my coworkers dealt with that nonsense a few months ago. He got a basement suite with a kitchen and everything. The lease didn't have any special conditions in it. After signing and moving in, the crazy landlord lady upstairs said no cooking at all. Coworker ignored her and cooked like a normal person. Crazy lady gave an eviction notice, so my coworker took her to court over breaking the lease agreement. She was from another country and had no clue that contract law is actually a thing in Canada. She thought it was like China where you could just do whatever you want and scam people at will. That thing in New York sounds like it should only be legal if the lease clearly states you are not allowed to cook meat. If the lease says you can't cook meat, and you signed it, then sorry but you made a mistake by signing it. You might still be able to fight it in court, but you would have a lot less to stand on if you knowingly agreed to it.
    7
  12699. Hey Michael, when are you show encampments and people living in RVs? sht buckets in front of multimillion dollar homes, It's a more accurate representation of our times. What can be a catalyst for change = win the game by not playing (don't buy into housing, let it collapse), your vote (no more baby boomers in office, can't be done soon enough)
    7
  12700. I'm often shocked at the lack of traffic/cars while Michael walks through neighborhoods
    7
  12701. The only thing I used to buy there is when they had the 1.00 soft drinks. 🤷‍♀️. They are almost as expensive as anywhere else. I do not eat out.
    7
  12702. A Bojangles Cajun chicken filet biscuit with egg and cheese, a side of Bo rounds, and a sweet tea will change your life.
    7
  12703. Hi Michael Another great video, I watch your channel faithfully. I think Ontario is doing the right thing! They are helping their citizens. I wish they would do this throughout the US. Thanks again! 😃
    7
  12704. Should be called, “Rhe Pink Book,” halfway of going into the red.
    7
  12705. Love the TESLA pickin! I am a early thrash guy but, Tesla was, and still is, just a top notch rock band.
    7
  12706. What you have to understand about heloc loans is the fact that you do not have to use the money. It can sit there with a zero balance until you decide to use it. If the value of your property goes down you still have that balance to use if you want. You could use it as a down payment on a new house in the future and pay it off by selling your old one. It can be very smart to have. I have had one for many years and have maybe used it 2% of the time for temporary things.
    7
  12707. I live in Florida and I can confirm that all the bad and good things about Florida is true
    7
  12708. Maybe do a video on which JOBS are plentiful in the Miami area for people who want to find a job and move there
    7
  12709. Came for the doom, stayed for the gloom 😎
    7
  12710. Back in 1985. My mom was paying about $800 or so a month for a house in Covina California. BUT she was struggling to pay since my dad separated. My mom also at the time was making about $1000 (probably a little more) a month working FULL TIME at a bank! NOW, TO NOTICE, housing was CHEAP, compared to today, but wages SUCKED! Apparently, 2 incomes was needed to live comfortable. I ACTUALLY HAVE A VIDEO OF THIS HOUSE FROM 1988 ON MY YOUTUBE Today in 2022. For me and my wife. Our rent (mortgage) is $3000, BUT our wages is very significantly different than 1985. BUT still, we need both our incomes to live comfortable. No way around it.
    7
  12711. Good evening Michael. Thanks for the content. 👍👍
    7
  12712. All that snotty stuff re: mobile homes comes crashing down when you are looking at your family being homeless, on the streets. Maybe America needs to change it's point of view on issues. This will be the third housing/financial crisis since the 80's. Maybe America needs to learn from the past and make a better "plan" for the future. Trailers and those tiny house=add them as options?
    7
  12713. We are in Parkas here. 😀 California pays people to be homeless. $285 food stamps and $600 on a card each month.
    7
  12714. You got that right! A big lie on so many fronts. And some people aren’t ready for the truth.
    7
  12715. Whose ready for 150k subs? 😆
    7
  12716. joe quit 😂 we were always correct
    7
  12717. I sold in late 2021 at 340k, every home website is estimating my old place at under 300k now. I asked opendoor for a prospective offer on it yesterday and they estimated 245k. Muahahahaha
    7
  12718. 👍👍👍👍👍👍👍👍👍👍 Thank you for covering all these topics. So many people have no idea what is actually going on. We need to spread the word. Blessings, Carlos
    7
  12719. I draw plans for a major utility company all the grid management people say electric cars will crash the grid currently running. Guess who will pay for the upgrades? Everyone EV or not.
    7
  12720. I moved to Florida with 300 hunerd dolers I bought a airplane ticket an just take a suitcase all I had
    7
  12721. Been looking at becoming an expat in other countries. Crunching the numbers and looking very attractive! Not for everyone, but I've lived abroad before and enjoy it very much.
    7
  12722. Most people need to leave these high cost of living states/cities/areas. There are many states you can live in for 1/3 to 1/4 of the cost of these high standard of living states. I can live for less than $2000/month in Ohio. This includes property tax, home insurance, auto insurance, food, electric, natural gas, cell phone, internet, trash collection, water/sewer, gasoline and some entertainment. I do live debt free. But these costs in states like Florida, New York, California, Illinois, Massachusetts, etc.... are outrageous and forces people to earn large incomes just to meet expenses. Living in these high cost places forces people to live like debt slaves. Always on the treadmill. Good luck
    7
  12723. Awesome content as always 🤗💗
    7
  12724. Hello from 10000 ft! ✈️
    7
  12725. Shocking! The building isn't even very old.
    7
  12726. Housing peaked in my area of CA Feb, 2022. If cycles repeat won’t hit those levels again until 2035
    7
  12727. I like the straight forward analysis here. Very level headed and good advice. There's so many variables but I think the one thing we can fundamentally see is the supply and demand problem we're seeing is temporary and manipulated. It has to come down eventually since we're building so much and the population growth rate keeps dropping. It's just a bummer that EVERYONE wants to move to FL right now and we've been wanting to for years.
    7
  12728. Mike, l really love your channel for several reasons one being you are easy to listen to and l always notice your comment enteraction is always super strong so l must not be the only one who feels this way. Thank you for all your hard work as l feel you are really helping us stay tuned in to today's problems in the real estate world.
    7
  12729. I am on the same boat. No effing EV can be pushed on me. Lol
    7
  12730. But if the interest rate is causing your payment to skyrocket, then you still won’t be able to afford a discounted home
    7
  12731. I could say the same about the Texas drivers. I've been here twenty years and was in SEVEN accidents. I wasn't at fault in any of them. Four of them, I was at a dead stop, either at a traffic light or a Stop sign. I'm not even counting the numerous close calls. People can't drive in Texas either. One good thing I will say about my former home state of NJ is that they may be rude drivers, but at least they are paying attention to what they are doing for the most part.
    7
  12732. I worked hard. If I didn’t buy 5 motorcycles and 2 cars in the last 8 years, I’d have so much more money than I have today. I was still able to buy a house. It’s all about choices. Working hard does help get a good life later on it’s based on your choices on what you’re doing with your money. You can’t blame the economy or anyone else but yourself. I could have bought 2 houses with that money and I’m 34 but I bought vehicles. I know someone else who waited for a crash and is now blaming the older generation because he can’t afford a house. Work hard, save/invest and you can still get a house. Don’t believe someone who says you can’t.
    7
  12733. Fires and mudslides are more immediate dangers.
    7
  12734. Michael, a lot of single people who want to live in upscale neighborhoods pool their money together to do it. They purchase 4 bedroom homes together. Kinda like that sitcom Friends.
    7
  12735. That was pretty harsh Michael speaking down on the people with less than 600 score considering you don’t know their situation for their credit getting that way identity theft or divorce or anything life changing could have happened I’ve been watching your channel for a long time and I’ve heard you say you haven’t been in the position you are from day one I like your channel but I think that wasn’t ok to say
    7
  12736. That down payment is a killer, and then you left out Closing Costs, which can be another $10,000 you need in cash. It would be a real exception case to buy this big with that low income. Anything unexpected happens, and you are crushed. What if there is a heavy storm and the building charges you an assessment? That happened to me even here in VA. Unless you have a side hustle as a PGA golfer or a twitch gamer with 50 million viewers or something, I would run away from these properties at a $50k income. At a low income, I would wait for the market to come back down, and get an FHA mortgage (zero or very low down payment), get the sellers to pitch a few or even 10 grand at closing, and go from there. Ironically, these properties would be better as investment properties, because you can write off those massive HOA fees, but write-off's only work for high income individuals with few or no other write-off's, or real estate companies themselves. Thanks.
    7
  12737. Another way of having a lower mortgage payment is by people puting down more money. Larger down payment = less to finance 🧐 So you cannot logically conclude that the house sold for a lower price. (List price means nothing.)
    7
  12738. There's an old saying ..Don't hold your breath!........ Well if everyone does we will all benefit......hold sellers and investors over a barrel.....just like they did us....!
    7
  12739. The tax escrow is really went up this year
    7
  12740. Over 50% of low-income pays NO TAXES!!!
    7
  12741. This is the beach we visit second most. Live in Melbourne. They have some regulation on building heights in the area. It is the surfing capital area... so the water can be a bit rougher. But they’re are calm days
    7
  12742. A portfolio mgr said Zillow's business plan is to take people's money (fees n interest) n then foreclose on them... Like crypto exchanges that allow people to lever up 100 to 1
    7
  12743. Love all your videos....but sorry, not this one. It needed commentary. I got bored without your voice and great personality.....and, may I say, looks.
    7
  12744. I told my parents to sell 6 months ago. They're still thinking about it and barely have money for retirement. Yikes. Math is hard for the old folks.
    7
  12745. For $1300 a month in Chicago, you maybe get a 1 bedroom. I can't imagine where they are getting that figure from.
    7
  12746. My mortgage company just started offering 40 year mortgages. Desperation is setting in. No doubt that the crash is 100% coming. Also I was toying with going thru with a cash out refinance but when I crunched the numbers it was a horrible deal. The desperation of these companies is staggering. Congrats on 100k. You more than deserve it. Thx for all you do.
    7
  12747. Wow! 40 yr mortgage! That's insane! Thank you Michael for all your hard work; take care and prayers for a speedy recovery 🙏🏻 blessings to you and your family!
    7
  12748. If you like fishing and great housing my suggestion is Landolakes kinda like living on the Outskirts of Tampa lots of lakes, all the perks of a big city without the crowds, because Landolakes is central to lots of major Florida attractions
    7
  12749. Many of these homes are in the Florida Panhandle. Which is where I live and moved from Tennessee 3 years ago. Fountain is near Panama City. I'm surprised you found a house that cheap in Panama City post Hurricane Michael but it could be in the slums. As you know this is a very rural area. The beaches here are gorgeous though.
    7
  12750. Every block has a mayor
    7
  12751. You talked a lot about the cost of a wedding, but failed to mention the extremely high cost of divorce.
    7
  12752. People are moving out of Winter Garden , Florida and moving back to Brazil because it’s cheaper to live in Brazil than Florida. Less students in schools and Orange County School District is laying off teachers due to enrollment recalculations
    7
  12753. Wow! My first apartment in FL, on Hollywood Beach - a large 2 master b/r, 2 bath, plenty of covered parking, large pool, large balcony, and awesome unobstructed Intracoastal view - was $700/mo. 3000 S. Ocean Dr. That was 1990.
    7
  12754. 🇺🇸 Michael, you are so on point as always about every single topic you assessed in this video!!! Regardless of the true way we are heading to in this housing market and our economy, many many people will get financially “destroyed” because they prefer to ignore all the “red flags” in our economy and continue to live in “total denial” Thank you for keeping it real!!!
    7
  12755. Was born and raised in SD just moved 5 years ago. Was right off Pomerado and Ted Williams. In FL now and love it. Never thought a State could beat our beaches in CA but I have to say FL has crushed it! Plus the natural springs here are insane!
    7
  12756. I'm in Portland Oregon, my natural gas bill has been around 35 per month Today I just paid s 319 dollar bill. Trust me, At the most I was 2 months behind, not ten.
    7
  12757. Daytona Beach Shores 5 miles south and Ponce Inlet Another 4 miles south of Daytona are very safe and up scale; not sketchy like parts of Daytona Beach (Still reasonably priced but going up at a fast pace. From Ponce Inlet you can see Symirna Beach right across the inlet. You can also bicycle,roller skateTake your golf cart or 4 wheeler on the beach
    7
  12758. My parents just retired to Port Orange. I have lived in Illinois my entire life and I’m considering moving to FL. Hopefully it happens!
    7
  12759. The property tax bill for that house you walked by went up $500 over 5 years. So $100 a year increases. Not bad.
    7
  12760. My father, about 20 years ago, told me in a few more payments. The house will finally be paid off then he said it won’t make a difference the way the taxes are going it will be like having two mortgages and I said Dad 0:25 are you kidding me he goes you will see, I will be dead and you will have to pay have to pay it he was right!
    7
  12761. For the algorithm.
    7
  12762. Well I'm 42, no debts, no wife, no kids. My job here in los Angeles will transfer to miami beach if I choose. Plus they're letting me keep my california wages. But.......cost of living is just as bad as LA. I'm hoping to find a second job out there. Afraid I won't. Being a traveling nomad was easy when I was in my 20's now I just wonder how healthy that is. But I definitely need a change of scenery.
    7
  12763. Was in central FL recently, passed by a brand new development that was entirely single family homes for lease.
    7
  12764. HAHAHAHAHAHA Whoa, I’m interested in that house or one like it. What a bargain at $28M
    7
  12765. Yes, great rant! Now both u and Dan at I Allegedly channel r the new Andy Rooneys : D
    7
  12766. Mobile homes are almost as bad as as HOA’s 😢
    7
  12767. If you refinanced in 2021 or 2022 @ 2.75% or less, it's definitely cheaper to own my house right now. Not moving for awhile lol.
    7
  12768. Wall Street went to the roof today they believe mortgage rates are going to drop down dramatically😅😂
    7
  12769. $1,300,000 for a house with no garage. Absolute lunacy
    7
  12770. It seems like it’s a nice place to live but I wouldn’t want to visit 😝
    7
  12771. Well,.....another thing I appreciate about my apt living is the cost of renters insurance,.........2023 premium is the same as 2022,..$118 per year.
    7
  12772. This is a GREAT video, Thank You !!.....Michael, you really helped me decide , stay in CA. or move to Fla. Well, I'm going to stay in Ca. !...Fla. does not have micro climates, hot and humid 24/7 would be tough on this senior citizen,...lol........You are really helping a lot of people with these objective and informative videos.......Thank you and Godspeed.........
    7
  12773. It is not 6% everywhere. There are 5% and 4% deals in California. The fee is negotiable, From a seller's standpoint, you are correct, it may be in the seller's best interest to have a 6% deal instead of a 5% deal because the buyer's side will get .5% more commission and push more potential buyers towards the property.
    7
  12774. People who live in condos have to really close to each other and ready to protest dumb hoa fees. You have to be a tight community. I would never live in one.
    7
  12775. Good analysis of the FL. R/E Market......We're really in a "everything" bubble now......This is how ,I would characterize the world's current economic condition : Political egos trying to overwhelm Financial Physics....IT will NOT work....ultimately Gravity wins......The solution is very Painful, but price "mean reversion" is the answer , in a FREE Market Economy without Central Bank interference.....Thank you, Michael for another fine video...
    7
  12776. My rent is $2450 in Boise ID...lol. Ridiculous when you consider there are no beaches.
    7
  12777. Insurance was already high this is undoubtedly going to affect the housing market in a bad way at least here Florida anyway
    7
  12778. This happened to me I had an escalation clause it was 50,000 above what the sale price was on $178,000 property. I was 1000 above the other offer and they took the other offer. The only thing I had ask, was I wanted to inspect for termites, and I was paying for it simple we had talk to the lady she was Polish and wanted to go back to Poland badly. Everything in the house was for sale. Everything in the big garage was for sale. We didn’t get the house and my son went up there the next day to ask if he could buy any of the other stuff the realtor’s wife was there packing stuff And told him to leave that polish lady got screwed and I am still pissed as that was a 5 acre beautiful property with a house and a big garage and it was perfect for us and that damn realtor from Chicago who moved to Mountainhome to sell real estate screwed us over
    7
  12779. The seniors having roommates is not exactly financial. Many need help with daily shores and don't want to live in a assisted living facility which are $$$.
    7
  12780. Expectations are wrong. You start with a studio apartment not a 3 bedroom house. No big wedding, no new cars, no expensive vacation for 10y and cook at home. ..... now you get to complain that you can't afford to buy instead of renting.
    7
  12781. More videos please , you are doing a great job Michael. Thank you !!!
    7
  12782. You should do a video on suggestions of how to relocate to Florida. Should you move yourself, should you use a company, should you pull your own trailer behind your truck. Just any advice would be nice. We’re in contract on a home in Jupiter farms and trying to move our homestead from NY.
    7
  12783. First one here....Merry Christmas from Thailand, Michael
    7
  12784. I feel like the cpi is being measured all wrong which is distorting some numbers
    7
  12785. The only place I haven't gone paperless is my bathroom.
    7
  12786. 💜💜💜💜 I wanna move this winter!
    7
  12787. Michael- I like the channel because it’s a reality check- the viewers give actual personal feedback! It isn’t your imagination
    7
  12788. Here in Miami I am getting cold calls from realtors in addition to all the mail.
    7
  12789. Definitely calling out the fake real estate agents 👍 buy now no I can get a paycheck mentality just doesn’t work anymore lol. Thanks for your transparency 👍
    7
  12790. The guy explained so well
    7
  12791. I just came to a stark realization, with your dress shirt! Living in Costa Rica and Panama. I have only worn tank tops, shorts and flip flops. I have dress shirts in my closet, that still have tags on them, and have never been worn in 14 years!
    7
  12792. I'm really excited about this crash that's coming, should lower my property tax by quite a bit.
    7
  12793. Longboat Key is beautiful. Of all the place I've been in FL (and I've been most everywhere in FL -- including the Miami area and the Panhandle area), the Sarasota area is my favorite. Longboat Key and Anna Maria Island are heaven on earth. Gorgeous!
    7
  12794. I bet the water issue is someone connecting to the line. I would get another meter right at the house and monitor the water use daily.
    7
  12795. Or they think they're going to wait out this correction. If that's the case, why list it? They obviously aren't serious about selling the property.
    7
  12796. It sounds like investors like him are trying hype the perception so they can unload their bad investments.
    7
  12797. I recently started watching this channel and I like the fact that you call it the way it is. If I were a renter and had not purchased my place just before the pandemic started to take off, I would be forced to work two jobs. My old apartment went from 1,000 to 1700 in 2 years. I know people with kids who have moved back home. And rent never drops. Have had offers to buy my place but will not sell until I have a new place with keys in my hand. I feel so badly for renters.
    7
  12798. Should do a video about trailer parks, as you've already covered apartments, condos, and standalone houses.
    7
  12799. Hi Michael. The West Coast may be cool but the East Coast will always be My favorite.
    7
  12800. Anyone in their right mind shouldn't have bought in the last two years. I held off and will now as well.
    7
  12801. It's a joke, a house may be perfect for someone, oh but the agent doesn't make as much money? So they can choose to keep a house secret from you?its so dirty. It's like car salesman, none can be trusted. A house can have many problems the agent knows about, but if they make the big commission, oh well.
    7
  12802. I had a hard time selling in Brooklyn and took a low ball offer
    7
  12803. I'm tired of CASH burning a hole in my pocket. When the market adjustments are reasonable, I will pull the trigger. Untill then I refuse to be ripped off.
    7
  12804. In Las Vegas, you can only have an ABB if you get licensed, & they dole those out via Lottery system. Im sure it will be implemented in other Cities too. Bye Bye ABB.
    7
  12805. They feel like 2 different states. And tbh central Florida is even more different
    7
  12806. I've self-insured my FL single-family residence since I purchased it in 2011. Last year, Citizens quoted a rate of $700 for bare-bones basic coverage, $100K liability, no windstorm. With windstorm it would have been $1800. Citizens was the only insurer that would cover me (and that's with a new roof, electric panel, and wind mitigation report). Citizens only offers liability at $100K. I don't carry flood insurance. AllState just quoted $700 for a $1 million liability-only policy.
    7
  12807. 5.5 to 6 is the historicly normal rate. 2.25 that I got on my refi is rediculous.
    7
  12808. If it's cheaper to rent it's only temporary. The renter is paying for everything a homeowner has to pay plus what the landlord, property manager etc. expect on the return of their investment.
    7
  12809. I sure hope it does significantly. In south Florida ready to buy
    7
  12810. Love your videos ! Thanks for the hard working
    7
  12811. 1
    7
  12812. This gives a lot of personal touch to your channell - father and mother interviews! Great stuff!
    7
  12813. No, the entire country is seeing a housing crash worse than we have ever seen.
    7
  12814. B-b-b-but I was told by Californians that they have 24/7 perfect weather, what happened??
    7
  12815. The cost of food, shelter and energy are going up. This might effect how people will have to live in the future. If this doesn’t change the future could be dark.
    7
  12816. Great video! I'd like it if you could perhaps tour a development of new/vacant homes to see how new construction is (not sure how noise would be though). I've noticed a bunch of houses pop up on Zillow lately in FL that are half completed and the listings mention they're being sold as is/not being completed.
    7
  12817. The Lady in Ft. Pierce needs a Real Estate Atty. They can negotiate that down a lot. Most decent attorneys would require a retainer.
    7
  12818. By the time foreclosures officially reach pre-pandemic levels auto, commercial loan defaults along with evictions and c.c. charge offs will all be 2008 levels. Not good. We'll keep watching though our fingers.
    7
  12819. Michael, imagine the people who bought a house for $150K and have been carrying cheap insurance just to cover the mortgage and personal belongings. Most people hate to pay insurance, so they never requested full coverage of today’s home value. If the damages are $350K and they still have $150K coverage, they are ruined. My brother in Florida is one of those who keeps the cheapest coverage, and I always pay for double the value. To Feel, Better Safe than Sorry.
    7
  12820. Hell I have been unemployed since April, 2022 thanks to the Fed raising the interest rates! I've applied for thousands of jobs and when they see that I'm from the mortgage industry I get rejection emails. I do update my resume that's how I know it's the mortgage wording 🙄
    7
  12821. I'VE HEARD ABOUT FLORIDAS RISING COSTS, AND TAXES MICHAEL. 😢
    7
  12822. There's no buyers remorse if you don't buy. This market is nuts, everyone needs to just stay clear until the collapse plays out, and it's playing out right now
    7
  12823. I heard Tampa is having high bankruptcy rate
    7
  12824. I don't think some people in the comments understand what you're trying to say... Signs are pointing to the market changing. People in the comments are like "prices are still way overpriced!" um yeah, you never said they weren't.
    7
  12825. Just because mortgage applications are going up, that does not mean that families are accepting the offer.
    7
  12826. Oh I miss those S’ Florida beaches! The water is absolutely beautiful!! Making me homesick! ... but thank you, Lol, really enjoy your videos 😁
    7
  12827. I really loved Florida when I was out there. Looking for retirement, but I am so thankful I pulled out❤❤❤
    7
  12828. Id honestly rather banks close my account than they take money from my already empty account
    7
  12829. 16% of those surveyed must’ve been realtors & brokers lol
    7
  12830. 100k in Los Angeles . I can’t even afford a house way out in the desert.
    7
  12831. "Get some more tank tops for the videos" Lol
    7
  12832. It was a group from Reddit, not Youtube, the Reddit group was called ( wallstreetbets ) .
    7
  12833. You’re smarter than me -investing instead of spending
    7
  12834. Haven't worked in 28 yrs, poor or frugal? Dumb or smart? Happy to look good for my age is what matters especially being married to this guy! 🎉❤😊
    7
  12835. "I don't trust the government, but buy treasury bonds now." The word you're looking for is anecdote, you had an anecdote to share about your experience with high water bills.
    7
  12836. What people fail to realize too is the average appreciation over 30 years vs the interest paid over 30 years + maintenance/repairs. This is when you see the real net value of a house. If all you ever do is pay the minimum and you signed for 30 years, odds are, you are dumping most or all of your equity gains into interest and repairs over 30 years and I’m not even factoring in taxes. The only real way for it to be an asset is to go in big from the get go or put at least 1.5x the minimum every month. I have already compared average rent increases over a span of 30 years vs equity gain over 30 years minus 30 years of interest payments, maintenance, and taxes. You don’t really win in the end if you dont have a big down payment or put way way more than the monthly minimum.
    7
  12837. Asking a realtor if its a good time to buy is like asking an alcoholic if its a good time to get a drink..
    7
  12838. Garden of the gods in Colorado Springs is beautiful 😍
    7
  12839. Happy B’earthday to your wife! I turned 53 on April 28th as well. I’m literally surrounded by Taurus ♉️. My father-in-law’s was the 27th. My baby brother’s on the 29th. And we’ll be celebrating my lovely wife’s solar return on May 5th.
    7
  12840. I couldn't watch ur video yesterday aboit not affording pets. Makes me too sad to listen and how many pets r being giving up
    7
  12841. That was very helpful! St. Augustine is a TOP location!
    7
  12842. All true...except one problem-inventory. from 2010 to 2020 the US produced 5 million less houses that any other decade back to the 30's. With current supply chain issues there is no way to catch up any time soon. Interest rates keep climbing. So even if housing prices completely flatten your monthly mortgage payment goes up. Wait a year, or two or three and guess what? You are paying more for older housing stock.
    7
  12843. They say Miami is a scam when NYC and CA are the same dirty, smelly and expensive AF but is where all the fun is. You’re paying a premium for the things you get especially in Miami
    7
  12844. This is a nice little tour experience! The place looks fun, it will be great for you and you’re wife to live there when you retire for sure.
    7
  12845. Michael, I discovered your channel when I was on a visit to Miami recently and the YouTube algorithm recommended your channel. I watch you everyday now. Well done.
    7
  12846. 20% from June 2021 isn't enough... that's still way overpriced. Yay a home that was 325 in early 2020 isnt 500k but it's still 400k and with interest rates the monthly is still insane.
    7
  12847. Renting is like flushing a wad of money down the toilet every month.
    7
  12848. Prices and values are falling in my area. Still inflated.
    7
  12849. Time for the sheeple to start self insuring.
    7
  12850. Great advice again Michael! Definitely better to wait in this current market than to buy. We know prices will drop so what is the rush?? As the housing market comes down, we take the alligator approach.. My wife is an agent up here in North Idaho and we’re currently waiting for the next year and a half to two years to make a purchase. We’re looking to pick up something to remodel at a very low price that we can make out own and customize. Right now prices are so extreme and too far for us to be able to justify the price. Would much rather wait for the steal that will be upcoming.. fyi
    7
  12851. I don’t understand the allure when it comes to Airbnbs besides when you’re traveling with a large group, maybe. Hotels are always better to me.
    7
  12852. This bubble may be done, but there will be another in 5 years or so. There always is.
    7
  12853. I took a cash offer on my house I can't afford to maintain it and I'm done!!! Moving out of state and will rent for awhile. My interest rate was 2.4% but I'm done ✔️
    7
  12854. Any plans to review Clearwater beach?
    7
  12855. 😅😅😅 People paying for insurance they will never make a claim on. Why would anyone do that? Just put the cash in trash every month. You will get just as much use of it. 😅😅😅
    7
  12856. I can't say I enjoy your videos but I do value them -- thumbs up!
    7
  12857. OMG. You pay more in property taxes than we do in Northern California on home worth many times more (approx $3M). Thanks Prop 13.
    7
  12858. I imagine it’ll become far more common to have shared living spaces now to cut costs. Aging boomers living with their gen x and millennial kids.
    7
  12859. There should be incentives for single people with no dependents. Lower interests rates and tax breaks. Single people don’t use as many resources , water, electricity, waste etc
    7
  12860. Now a days..we all need multiple reality checks !!!
    7
  12861. We only do evictions. We've gone from 2 attorneys to 5 in 4 months. Every inch of the office is converted. Even with all this staffing we are busier than a one legged man in an ass kicking contest.... and it is getting worse... a lot worse. (or better, depending on who you ask (wink)).
    7
  12862. The Buccaneers winning the Super Bowl great for business I see.
    7
  12863. My apartment building requires payment for water, sewage, garbage. That is in addition to utilities with the city. (So not just the rent.)
    7
  12864. begging landlord to fix shit. waiting for sub sub sub contractors for $10 that they hire thru their home insurance. getting f..ed around with your security deposit. Tax code favors home ownership especially for high earners. We sold in Florida and moved out of state in 2020 at the heights of corona to Northern Virginia. Rented for last 2.5 years and now bought again and nothing feela like owning your own place.
    7
  12865. Because they're losing customers to Walmart
    7
  12866. I'm trying to understand Florida property tax. Does the tax only change when the house is sold? There isn't ever much traffic around where Michael walks.
    7
  12867. Only a matter of time before "DISCOVER" bank begins accepting photo check deposits like the brick and mortar ones do ......
    7
  12868. Totally agree, I would need a more convenient location but the area looks nice, extremely quiet and great prices for the space.
    7
  12869. That's ridiculous, they should be qualifying the buyer on the full rate, not the temporary teaser rate.
    7
  12870. One thing I noticed is that the traffic went up to 4,000 or so in the course of two months. That's very suspicious for a new site.
    7
  12871. I just came across this channel. Wow! This guy really knows what he is talking about. You must save for repairs! Do you realize what a new roof costs? I just had to have a new A/C installed at a cost of 11K. That new home will age fast, so be prepared. Mobile home rents in Las Vegas have gone out of sight. I have friends who live in them, and some of those people have had their rent increased to more than their income. Beware! Own the the land you sit it on or you will get burned. I have owned my home for 45 years and get calls everyday asking me to sell by investors. Where would I go that would not cost more than I can afford? Absolutely no where. I have kept the home in top condition and with Gods help I will continue to keep it up. My neighborhood is now full of rentals bought up by these investors. The laws need to be changed to protect people from this cancer on society. I am sure it is the resaon for so many homeless people. If I were to sell it would be to a family who intends to live here, even if I made less money. The madness has to stop! Most of these investors are not even US citizens. Canada put a stop to it, why can't we?
    7
  12872. Also, a lot of these "cash buyers" were actually loans by another name: Investors. Naive wannabe flippers are using these "hard money lenders" to get houses they can't afford. What I don't know is what the upstream effect on the overall market of those investors, losing part or all of their investment and needing to foreclose on properties where the "buyer" has either walked away or is unable to pay due to an affordability crisis. Only time will tell. Literally every homeowner I know got a cash out refinance during the pandemic. I can't believe all the new landscapes and kitchen remodels and solar roofs that have been installed during record low interest rates. I was bidding kitchen remodels for a cabinet maker during the pandemic, and I literally had to turn work down as the demand was SO HIGH. Moving forward, be prepared to get consumer goods at deep, deep discounts. If you can be patient, this fall would be a good time to start working on those remodeling projects as building materials are way down from their pandemic peak, and the supply chain is finally sorting itself out. At the rate food prices are going, people are going to insist on chicken coops and vegetable gardens as "Must haves" on their new home shopping list.😂
    7
  12873. $350,000 rent a month??😂😂
    7
  12874. Nice work bro. Great advice. I’ve been to a lot of places in Florida. And it’s important that people experience these places and not rely on blogs from some dude who wrote it living in Utah 😂
    7
  12875. Excellent content, as usual.
    7
  12876. Work at home will eventually be outsource to cheaper countries....
    7
  12877. Less crowded and riff raff than Miami I don't think you fit into the Miami scene
    7
  12878. I thought it was easy to make friends in Florida? Yes the heat is oppressive in the summer! It gives me alot of anxiety but Florida is free so its a trade off! I have alot of friends and neighbors who moved from NYC to Florida. They love missing the winters but they are hating the summers and the hurricanes and rain! They have money so they can go somewhere else in the summers. Right now we do not have that luxury. California has perfect weather. I like the boardwalks and things there but not the tyranny. Thanks for the video!
    7
  12879. So, the moral of the story is to become a real estate developer!
    7
  12880. Hi Michael, it’s very cool here in Houston. In my neighborhood there is two house for rent. It had been 2 months and no renters yet.
    7
  12881. It’s not bad for everybody , but as a whole the country is struggling with higher cost of products, food and housing. I can’t complain . personally doing good, but I feel for those struggling. Good luck
    7
  12882. I'm an Early Retiree living in the DFW area of Texas. As a beach lover, if it was up to me, I would consider moving to Florida, but the missus won't let me. For anyone curious, overall, the cost of living is cheaper in most areas of Texas than it is in Florida, though our Real Estate prices have been going up, unfortunately. Also, unless you purchase a home along the Gulf Coast, you don't normally need Flood Insurance. Something to consider. I'm staying in Texas, but I miss the beaches of Florida and California.
    7
  12883. Gee I got into this industry because I am actually really interested in real estate and want to help people and yes, I also do want to make a living at it too.
    7
  12884. I love your channel and value the information you provide as I'm a first-time home buyer doing as much research as I can. I live in Tampa. I hope you eventually can reach this area for a future show.
    7
  12885. I loved Rich Dad, Poor Dad. But my favorite was The Richist Man in Babylon.
    7
  12886. The rent is too damn high!
    7
  12887. It takes 18 to 24 months to bleed out once you get wounded, summer of 2023 onward will blow peoples minds.
    7
  12888. This is so hurtful and unfair to people finaly entering the house buying market. Hundreds more per month for no reason. So demoralizing and crushing.
    7
  12889. What a great compliment by the professor who is using your videos to educate his class. Teacher Michael..... ?
    7
  12890. I like when flippers take a super rough house and make it livable again.. but most just do finishes- paint, bathrooms, kitchen and then add 200K to the ask after 4 months. So many homes around me are like that.. but its sorta sad becomes the homes are just dated but they were all lived in. I sometimes wonder if these flippers are adding value or taking it away in a sense.. someone could be happy to just have the house the way it was and slowly renovate it while they live there. I get that these investors are making the homes nicer and that cost money but they destroy something (the house the way it was) in the process and make housing even more unaffordable.
    7
  12891. I have no idea what Zillow is thinking. If they think it will go up next year than why did they stop buying??
    7
  12892. It must be crazy now, 2 years ago I came down and stayed in 2 hotels in Hollywood; peolple were living in them. Your video made tons of sense. Watch out when those stimuli payments stop. Some families got checks for each kid. I just can’t wrap my head around that, without thinking it got us into this bubble.
    7
  12893. they will not cut at all.
    7
  12894. It’s a good time to plant a fruit and vegetable garden to help save money on food. Build some simple raised bed and install a drip system yourself . It’s simple and will increase water efficiency. If you don’t have the room, put in vertical raised beds on a deck. You can grow a lot that way. I just harvested a huge potato crop today. A large bowl of green beans, a large bowl of raspberries and strawberries. Fresh Whole Foods are better for your health and growing your own will save you money! 😊
    7
  12895. At 2:52 I thought we'd see a bad golf shot, followed by the club flying in the air!
    7
  12896. Lucky guy with happy wife is the prize 👍🖖
    7
  12897. Looks like a nice area, of course I prefer laid back and having a drink alone as opposed to the bar scene. But again I’m in my late 50’s and did the bar thing when I was young.
    7
  12898. On EV tax credits: The batteries also have to be made in the |U.S. The problem, most batteries are not made here. Only a few models will qualify.
    7
  12899. I have officially put my home search on hiatus. I’m focusing on saving and determine where I want to live. I have a great app to calculate all the costs associated with mortgages and the math is telling me now is not the time. I do worry about how the housing bubble is affecting property taxes. That and insurance premium increases are not things you can always anticipate. I’m pretty sure God has been giving me a strong message of “no” when I pray for discernment on this. My home search has been filled with crazy events and circumstances that get in my way of buying a house. Multiple times I have decided to move forward on houses that have been on the market for a long period of time only to have an offer come through right when I schedule a visit. More than 7 times. I’m just going to stop and listen now.
    7
  12900. PONZI!!! Gotta hand it to this kid who created this, his is brilliant, too bad he didn't use his gift for something that would NOT have bought him a future of years in prison!!!!!!!
    7
  12901. I’m so happy that I’m moving to Florida next month from the Bay Area . You did a good job talking about the California vibe , keep up the good work your videos are very informative.
    7
  12902. You have a nice family, man. :-)
    7
  12903. Everyone and places evolve ... and so as we change what we want in our lives we make decisions to move on. And it’s ongoing. If you had gone back to IL it would be other way around, lol. Good luck with your decision to both of you. Yes cities can wear us out eventually but the reality is that we usually start there for work reasons but I think you know .... follow your bliss and the rest will follow you. I’m going back to the US this year (Florida) from Ireland but when I was back in LA I had said I would eventually move to Florida 15 plus years ago ! Heading for Melbourne but I miss cities and will need the buzz!
    7
  12904. Yes vlogging from the beach is what I want to see as a viewer! Yes I agree about those videos.
    7
  12905. YOu definitely need to check out Destin. I lived in Miramar and my office was off Biscayne blvd, I've lived in Tampa, my brother lives in Jacksonville, graduated HS in Fort Walton Beach went to college in Pensacola. With all that being said good video, but I believe Destin has the best beaches. I've been from the bottom in the Keys to the panhandle. Be easy good vibes
    7
  12906. Nice! It just goes to show how absurd Youtube is regarding their metrics and what people "deem" relevant content...like when some guy fills his pool with Jell-O and gets 2m subscribers!
    7
  12907. I enjoyed the video and I want to see more of Michael for sure!!!!!
    7
  12908. Even after what I experienced earlier this year… I would never sell or buy a home without a Realtor. And, I was raised by a mom that was a a Realtor for 30 years. ✌️ (I wonder why the fed isn’t unloading those mortgage backed securities right now? 🤔)
    7
  12909. Great points, Michael. Interest rates are going to go much higher and stay there for at least two years. Here's why: Interest rate increases are supposed to fight inflation. However, a lot of the inflation is being caused by supply issues (such as gasoline/diesel), and won't be curbed by interest rate hikes. That means that rates have to stay up to curb inflation in areas of the economic that ARE affected by interest rates, and can't come down until the non-interest rate areas do. This is why our situation is so bad and is a return to "stagflation": the cost of living will go up while economic growth and wages decline. Worst case scenario, not seen since the 1970s and early 1980s. Rates have to be 2 points higher than the rate of inflation to have an effect. Inflation is now 8.5%. Do the math.
    7
  12910. Good one,as usual,thanks.
    7
  12911. I can't imagine anybody's buying mortgages right now either. I'm sure this company first put their feelers out to other servicers before offering to nullify the prepayment penalty. They are stuck with these loans, so yes, either raise capital as a temporary solution or face bankruptcy.
    7
  12912. More homelessness coming soon with these prices
    7
  12913. You are spot on the market ....keep pressing on in your mission to inform people ❤.
    7
  12914. Out of curiosity do you have any videos in Clearwater Beach or St Pete Beach?
    7
  12915. I won't be spending any money, Bottom line
    7
  12916. Nobody is borrowing... good. Too much debt is a plague
    7
  12917. So many garages converted into living spaces, even in the upscale neighborhoods we see here. Is that another indicator of a weakening economy?
    7
  12918. patience.patience.patience. i know it. you know it. most smart people know it. but sometimes it can still be hard and a little scary. i still need to be reminded as much as possible. thank you sir 🙏
    7
  12919. Do you think Colorado will be affected as well? There is a strong market there and new construction homes going up 6k per week at the moment. There is a building boom and small towns turn into big ones. Especially Northern Colorado...
    7
  12920. Another awesome video Michael! Very informative, useful and interesting. Thanks for speaking about these subjects.
    7
  12921. Mike stupid people help the economy, well maybe not the economy but they certainly helped me. I was vacationing in Naples in 2007, 2008, and 2009. I rented a condo for close to $3,000/month. i really wasn't happy with the rentals, the internet didn't work, uncomfortable furniture, etc. So in the Spring of 2009, we bought a bank foreclosure for $99,000. This condo was built in 2004 and sold for $145,000, it gradually increased to over $200,000 until the crash. I could sell it now for over $300.000. Our condo fees are $330/month, taxes are $900.00 and insurance has gone up and we now pay close to $1,000. So our carrying cost is about 6K a year. Pretty cheap for a winter get-a-way. Having a great credit score and available cash to make a purchase when prices are low is the way to go.
    7
  12922. The current economic situation reminds me so much of the 1970s except for gas lines. Our first mortgage was 14.5%.
    7
  12923.  @MichaelBordenaro  hi Michael. Yes I made a similar comment. I’m 61 and I remember that houses that went for $750,000 at the top of the market in 2008 when we crashed, those houses were obtainable for $200,000 and $350, on a short sale. Before that Houses peaked every 10 years and went down after that. There has always been a reason but regardless of the reason, jobs are the key. It will not matter if houses go down to pennies in Florida if there are no jobs to be had. In 2008 we were in the toilet. Every big company discharged many of their employees. Fannie and Freddie lost billions in their single family mortgages. It will be the same this year when it all hits the fan. Billions will be lost when the mortgage forbearances are called in. The government will yet again probably bail out the banks and not the people. I hope everyone is doing a lot of research and getting rid of everything they don’t need and try to stop spending. Rice and beans make a great meal to save some money. Halt Amazon, eating out, cut out cable, just internet is enough to stream. Rough road ahead into the unknown. If you know you are going under, look to see where you can rent where there is jobs. And or see if you can rent some rooms in your house. I really hope this helps.
    7
  12924. Wait till February when the Christmas bills come due and you will see some changes
    7
  12925. My go to source for watching the real time implosion of FL RE. Keep it up!!
    7
  12926. Northern Florida is beautiful! Very cool and warm 😎🌅
    7
  12927. Your videos are excellent information and very educational. Keep up the great work.
    7
  12928. Such a timely video. I am currently going through this process in my life at age 40. I have always had challenging, extrovert customer service jobs in the past, but found that I am fighting against myself. As an introvert, I would rather start my own business and spend more time working from home or rather developing a business I am proud to represent. Thanks again for the video and sharing your journey.
    7
  12929. Even Dave Ramsey was telling people to buy houses when the market was crazy ..!! And you are right you can’t refinance when your house is under water on value so people will have to get stuck on high interest rates
    7
  12930. Is working at Disney a mickey mouse job?
    7
  12931. Wait a min, it was sold on March 1.. only one day after it is on the market. But it is listed on March 1? So the buyer put the house on the market the same day they closed the escrow? Oh boy. But the comparable property is already under contract for $860k. So $800k may still be a bargain. Geez, I wish people just don’t buy from flippers.
    7
  12932. I love seeing things like this…makes me appreciate where I live (GA) & that I do have a home located next to & within driving distance to our favorite states, FL & NC. Love visiting CO, but they complain about all the Californians moving there, driving the prices even higher than they already are. Happy to be born & raised a southerner! Lol
    7
  12933. I got affected I got approved for an SBA loan for my small business by a local bank. It then got submitted to the SBA and boom the banking crisis started. The SBA came back with a phony reason for declining to give me the loan Something like, i have only been in business for 18 months instead of 24months. Books look good, credit is good too. Small guys like us are being affected while big banks are being bailed out.
    7
  12934.  @MichaelBordenaro  nothing is worse than spending a summer in Miami.
    7
  12935. They may offer these deals to get people in , but are they offering this every year , I doubt it .
    7
  12936. Companies showed their hand when they stopped pensions and after that employees don't have company loyalty they will jump ship when a better offer comes in and there are very few people who stay with a company for there lifetime and switch jobs like hats and the government is boasting about jobs available but don't say it's low paying can't make ends meet type jobs
    7
  12937. You need to get outside of the system with Gold, keep in your locker !!😊
    7
  12938. 11:23 $120,000 in 1998 vs $830,00 today!!! That's the beauty of Key's real estate. The first time I heard of The Key's 2023 building permit moratorium I knew the values would go nuts. It'll be interesting to watch what happens now when property owners sue to protect their constitutional right to develop their own land.
    7
  12939. I enjoy watching you all the time thank you
    7
  12940. When the market tanks the developers will be nowhere to be found. Many of these projects will become empty lots just like after 2008. There are simply enough buyers to buy all those "luxury" condos. The new trend is rural living, not pidgeon hole stack and pack white elephants. The smart people (like me) will be getting the hell out of this dump and going somewhere else to live. Key Largo is where I built a home and unlike a condo I can fix it up myself. Thankfully not on the ocean but even there the concrete rebar likes to rust.
    7
  12941. Bottom line : prices are too high. In the long run, rising interest rates hopefully will assist the market to cool off. Builders with large inventories will start buying down interest rates and/or offer extra upgrades to their vacant new homes. So, keep an eye out for good deals coming. Contact a local realtor in your area.
    7
  12942. You don't see any Florida YouTuber doing this! Thank You!
    7
  12943. feel sorry for people who had just bought houses in the areas hit by ian
    7
  12944. You are great. You told the fact and you are a great real estate specialist.
    7
  12945. HOA is the issue for me in buying one... even if I pay it off I’m still paying often $500/mo or more to HOA!
    7
  12946. if things are up by 13% u'd need to make about 30% more to maintain the same debt to income ratio
    7
  12947. Absolutely, the high cost of holding will be the straw breaking the camel. Given time, the inventory will come out. Since renting is more economic than buying in almost all the places, makes no sense to take on the burden of a new homeowner.
    7
  12948. I just had to share an update from my old Fort Worth condo. My ild neighbor texted me to let me know the parking garage has been condemned. I am so relieved to have parted ways with that place 4 years ago. Condos are bad news
    7
  12949. I have lived in California for 68 years; I have a different outlook. Of course, I hate the prices, the politics and the taxes. But my children and I feel that we are not going to hand this beautiful land over to the crazies without a fight. We are going to stay and work to turn it around. Remember, California was a red state only 30 years ago, and it could once again return to sanity some day. We came as immigrants and we plan on staying, although we have thought long and hard about leaving. It boiled down to not leaving family.
    7
  12950. Mike, a friend of mine just got financing for a 30 year with 680 credit at 4.75%. This stuff is crazy. I couldn't believe it.
    7
  12951. Facts 😂😂😂😂
    7
  12952. Thanks Michael for all your info!🤓 But there is no outcry from the public! Everyone is just acting like everything is just fine!! I guess phrases like growth recession or transitory inflation is giving hope to people until it’s too late!!🤔😲
    7
  12953. "prices will keep going up" - Shady Realtors to avoid like the plague
    7
  12954. Having a good credit score is great but buying things out right cash is better if you can. I want to be in a position where If I don’t have a good credit score, so what 🤷🏼‍♂️
    7
  12955. Hey Michael. Just heard about the Surfside building collapse. Sure hope you guys are ok! 🙏
    7
  12956. Nice to see things cleaned up in Venice.
    7
  12957. Sorry but Miami sidewalks are a joke - random, faded, cracked, one side of a street, different colors, crooked, stained, and lumpy. 13 million $ with busted up sidewalks…yeah..no. Glad Michael is wiling to trek it to give us these nice walk n talks.
    7
  12958. P.S. my nephew from Tampa just started school at FSU, and loves it!
    7
  12959. Wonder how many of those sales are for investment into the vacation market and not bought for actual living in?
    7
  12960. That whole area is beautiful along the gulfs coast. I’ll be relocating to the general area within three years. Can’t wait to retire early before my 60th birthday.
    7
  12961. i continue to be so glad i never had kids. i'm sure it's stressful for people with families. i'll continue to do fine. and i'm not going to help anyone else either.
    7
  12962. I’m not making any babies. I’ll stay single. Haha!
    7
  12963. Lizzy is BEAUTIFUL and so is her dress!!! 😍
    7
  12964. very helpful. I'm coming down from NYC and was wondering which side to go to. Thanks for making this video
    7
  12965. Looking forward to this drive when I move there...thank you for posting sir!🙂
    7
  12966. Even if you save more money on a savings account, inflation and money printing kills the value of your savings.
    7
  12967. Went to Tampa and Clearwater area on a vacation with my wife back in October for 10 days and we had really good time. Great video like always
    7
  12968. After being at the jersey shore less people better..
    7
  12969. It's easy to find affordable housing... just leave the country. However, if you're adamant about staying in the U.S. because S. America doesn't have Wal-Mart's... here's "1 simple trick that Realtor's hate" to lower home prices in your area. Just drive by the house you want to buy and celebrate your 2nd amendment by popping off a few rounds. And just like that you have a motivated seller.
    7
  12970. Because mortgage is $6000 / month. 😂🤣👋🏻👋🏻👋🏻
    7
  12971. I was looking at a house in Tampa for $569k. I put an offer and it went for more than $31k above asking price. It’s the greed of these flippers.
    7
  12972. “And whatever other sex is out there” You’re so thoughtful Mike!!😄😄
    7
  12973. WHY NOT just fly back to the old home city 3 days a week, would cost them less rather than MOVING BACK to their old home ?
    7
  12974. Homes should not be sold for at least 2-3 generations. Homes should not be used for flipping and reselling and other financial transactions.
    7
  12975. Yeah...they've moved all of the homeless to the downtown areas. They have definitely NOT gone away!
    7
  12976. Typical Americans, everything will go right because it is "me." All of these people should have known better. I hope someone else is smart enough to learn for this video. I doubt it. There is a challenge, and prove me wrong. I dare you. 😀 Rock on real estate warrior 😎
    7
  12977. Intel is due to their stock which has been plummeting for many years. Last year, they fired their CEO and cut their dividends by 2/3. I’m pretty sure their layoffs are more due to restructuring and less to do with the economy
    7
  12978. I was born and raised in Miami and have been outside with a t shirt and part of the day no shirt. Been lucky to never have a mortgage but I have lived here so long I remember when you could buy a home for a year's savings. 25000 in the late 80's got you a real dump but in a good area. After Andrew prices were up to 75 percent off. As you said the cheaper you buy a home the lower your rent to the county (taxes) will be! 3D prointed homes are too expensive, we need the return of Mackle homes of the 1950's!
    7
  12979. @6:00 families and individuals will not be able to afford the prices of homes; however, institutional investors will
    7
  12980. Had to chuckle to myself at Michael talking about the "old people" and him with his gray hair.
    7
  12981. At 65, 25 year pin as a realtor. I commend you for sharing your HONEST VIEW. 😊
    7
  12982. Here in Daytona Beach across the street from my apartment building they are building a 690 apartment complex about a mile from that they are building 500 homes or more. Homes are selling for 500,00 and up. Prices are ridiculous.
    7
  12983. You’re encouraging people to rent. IMO it’s still more beneficial to buy. You say people can save money renting but most people are not putting the savings where it needs to be or not saving and spending on other things such as trips or whatever. Build the equity in buying! Then down the road you will have options.👋🏽
    7
  12984. I had no problem getting a jumbo loan. 🤷‍♂️ 5.7% 30-yr fixed, 0.7 point.
    7
  12985. Mortgage rates can go to 4% and most prices are unaffordable and would continue to see price declines...Surprised the water bills are so high down there with all the rain.
    7
  12986. That is good that there is free parking at a few beaches. Thank you for your tour of Florida.
    7
  12987. I walk through my supposedly middle-class, blue-collar neighborhood here in Chicago and all I see are brand new cars! Land Rovers, BMWs, Mercedes, Maseratis, Jaguars, Porsche, Alfa Romeo and even Bentleys! I go to the mall and the lots are packed! Nobody seems to be suffering. Although, I live in a border neighborhood and a lot of city employees live here, so my taxes are paying for their lavish lifestyles. Also, of those 700,000 new jobs created? Most are government jobs. Like a snake eating its own tail!
    7
  12988. I have given up on the housing market. I'm from Ohio. I am just going to rent for a year or two and keep saving my money.
    7
  12989. ENJOY THE BEAUTY OF NAPA/ SONOMA!!... GUYS ❤
    7
  12990. It's funny how those "you'll own nothing and be happy" folks all have private jets, mansions, yachts, and 90% of the stocks. They must be so unhappy.
    7
  12991. The use of subagents like in the old days(many decades ago now) probably will return and will be a more prominent part of the industry. Also, attorneys will most likely be involved in transactions, especially on the buyer's side. Real Estate attorneys will charge a buyer maybe a grand to help settle the house. A buyers can perhaps have the seller pay for the attorney's fees in order to close a deal.
    7
  12992. Regulations only prop up home prices. You cant legally exclude someone from purchasing a house. Deregulation is needed. Remove regulated home sizes, home types, permit requirements and zoning restrictions. You will shake the market to it's true value. Everyone will either be able to buy an affordable home, or construct the home of their own choice.
    7
  12993. Congratulations! Having lived in the building already cuts down alot of stress. The association is lucky to have you guys!
    7
  12994. Homes need to drop 20 percent to be affordable at the 5.5-6 percent rates I expect to be normal over the next couple of years. In bubble markets like Phoenix (my location), they need to drop more. If they don't drop soon, I expect a slow market with pretty static prices for 4-5 years
    7
  12995. I live in California. I have no reason to be interested with FL events. But, I am addicted to MB. Such fine narration, commentary filled with Common Sense and is so informative. You want to listen to MB because he is genuine and understands the multitudes of issues weaved together. THANKS, SIR !!!
    7
  12996. I agree with everything you said! Houston prime rib was the only reason I eat there and it was removed for some reason!
    7
  12997. Michael, Thank you for the longer videos instead of chopping them up into shorter ones. I definitely appreciate that and I'm watching every single video you are making. I'm one of your viewers who is listening to your advice because I want to buy a home in a year or so when prices hopefully come back to reality. I got my credit cards down to a 2% utilization and working on building my down payment up. I recently had to retired at 60 because of health issues. Because I'll now be relying on my social security (SSDI) and my down payment for this future home purchase means you are helping me greatly with your knowledge and experience. Also, I love your tell it like it is reporting on EVERYTHING. Hearing facts not blowing sunshine up my butt like some of the others are doing. Your biggest fan. Richard-F
    7
  12998. hurricanes are the most econmical energy dump to reach equilibrium for earths weather. that's why they happen and why the aftermath is usually some of the most calm and beautiful weather. enjoy my friend
    7
  12999. One point you make that made me realize why prices generally stay up. People don't want to sell because they have low interest loans(head explodes). Cash buyers will eventually clean up. But man, if that insurance thing spreads across the country even cash buyers won't want to purchase/invest in real estate.
    7
  13000. They will raise rates in march before they drop in the summer
    7
  13001. Great video Michael and thanks for sharing your information. It seems to me that those companies that offer NQM's are usually the first to go when times get tight. When they can't sell these mortgages they are the ones holding the bag. They make their money buy charging a higher interest rate than a QM that can be sold to Fannie and Freddy. I would call them and offer a $100,000 less to pay off your mortgage, maybe try to get them to negotiate. You hold all the cards right now. One thing that is not clear is if they do go bankrupt who would collect the payments? Do they assign some escrow company while the proceedings are ongoing?
    7
  13002. Yes FEMA had to redraw the maps to capture more people to fund it. The history of Federal flood zones being able to get insurance caused all the growth in flood zones. Mississippi River basin.
    7
  13003. I have bought a couple of things that Amazon told me I could keep, when I went to return them. I think that might have changed, somewhat...at least for bigger ticket items, but that was amazing to me! Great video! Continue to enjoy the cool weather, lumberjack! 🙂
    7
  13004. Love this video, hey man remember when you said we have the highest taxes in the country. A part of those tax dollars are suppose to help with homelessness. A lot of the homeless community just haven’t been really helped. We have transitioning homes and communities for them but they aren’t really going toward them and a lot of them aren’t aware of it either.
    7
  13005. It sucks to be unemployed right before the holidays 😕
    7
  13006. The side of Miami Beach people don’t see. Thanks for this video, Michael.
    7
  13007. Some of those states that you mentioned people moving to, like Florida and Arizona in particular, need huge numbers of people constantly moving in even just to keep the population levels from dropping.
    7
  13008. I’ve started walking in my neighborhood while I listen to these videos. So thanks for the exercise gains. 💪
    7
  13009. My thoughts and prayers to all 🙏
    7
  13010. Nice comparison video. I think it comes down to personal preference on what is better. Especially when it comes to air and water temperature. I don't have to live on the beach. Mostly because I can't afford to in a house the way I would like on the beach. I could settle for being able to drive a short distance. Ideally, if I were rich, I would like a house on the water on a canal or something in south Florida. I like the clear water of Florida. I need to be able to see the bottom easily. Florida has close to the clarity of the Caribbean. I like that. I like the vibe of south Florida beaches. I like the younger active life style and all the many cultures. South Florida has a more international feel that I prefer from many cultures and social economic backgrounds. Great content. Looking forward to more. Thanks
    7
  13011. How are these changes helping the citizens of Florida? This was a complete give in to the insurance lobbyists. I hope DeSantis doesn't pass this. So, if you live on the 20th floor you need Flood Insurance and how will this federal program help the State problem? Yes, we have a lot of fraud with the blue tarps, every time will have a small windstorm. I just received an estimate for a new roof $1100 per square compared to $350 a square 5 years ago. Unbelievable!!!!!
    7
  13012. -2 F here in Moscow! Nice video, thanks!)
    7
  13013. Michael! That area is making the news! We missed that rain over here in Pensacola. It was rough last night, but it passed through. Stay dry ❤.
    7
  13014. It's all based on debt, Michael. People have to pay so much more for a house or a car. Debt makes it possible. It's unreal to pay almost a hundred thousand for a car or a million dollars for a nice home. Debt makes it possible. You get so far into debt that you can never pay it off. That's why millionaires cannot retire. Their house may have a million dollars in equity but they owe two million on it. They have adult children who need help so they cannot stop subsidizing. It can cost several thousand dollars a month for assisted living. How do you plan for that? Once you have money everyone charges you for everything - the banks charge you for financial management. You get used to the services you think you need. Etc. It's a treadmill.
    7
  13015. Those apartments, Nomi rental is $2700-$5100 a month.
    7
  13016. his type of content is probably the easiest. he's filming himself walking on a selfie stick... im not even sure if this stuff is rehearsed or scripted.
    7
  13017. What part of Florida were those shots taken in? Its absolutely beautiful!
    7
  13018. So there you go. You can start doing property tours as your new gig. Provide info on the community, area, commute, etc... Referral fees are nice. Having first hand knowledge of an area is great to a buyer that’s from up North. You could do a whole separate channel just giving home tours and then provide video of what’s nearby. It’s a better in depth perspective than just coming from a listing agent.
    7
  13019. Michael, I think the reason(s) investors want "out" of these R/E Investment Pools are (1) R/E is now a Time-Depreciating asset ( which is over leveraged). (2) % are going up which is putting a squeeze on the cash flow ( now going negative). (3) It's going to be a legal nightmare trying to reorganize these R/E investment funds. Lastly, the 9% return will no longer be there, once, the % rate change ( up) goes into effect ! This whole thing is just starting to "Blow-up"..Watch-out !!....Now, with all that.....have a Merry Christmas !..(lol)...Take care..
    7
  13020. I was shocked to see here in South Carolina where builders are renting communities with New RENTAL Homes. I was like, NO WAY!!!!!!!
    7
  13021. Great video! Can you do a Top 10 Best Places with all the criteria you mentioned, plus high walk score for someone who likes to live without a car?
    7
  13022. Important I go for all of us! Glad you and Lisi made it back home safely! There’s no place like home! Everyone needs their special little corner! 😊
    7
  13023. It’s a tropical paradise 🌴🌺
    7
  13024. Diesel went up 50c a gallon this week.
    7
  13025. It’ll be hot this entire week. Hope you get to enjoy Cali. LA IS A MESS! Gas is high, taxes are high and they keep shoving the alphabet letter in our schools which kids don’t need. Thank you for the work you do !!
    7
  13026. I stumbled across your channel a few days ago and have been watching you damn near non stop. Lol. Great job! And great information.
    7
  13027. Four words: CLIMATE CHANGE is REAL! 😉👍🏻
    7
  13028. I had lunch yesterday with a good friend and learned they dumped their Tesla 3 after 24 months over quality issues. They bought a new Subaru Outback and he loves the tech and safety features and especially the quality of the build and interior materials. Seems happy with the 25 mpg and 30 mpg on the road. Michael another great common sense talk and walk. Greetings from California!
    7
  13029. THERE IS NOTHING SPECIAL ABOUT TEXAS. TOO HOT
    7
  13030. Love, love, love when you do the quiet scenic shots of the water or surroundings. Florida’s my home state. We plan on moving back, down the road when the time is right. In the meantime, your scenic views tug at my heart strings. Thanks for sharing!
    7
  13031. Cash is King 👑
    7
  13032. I'm from ohio, it's still pretty bad here, prices aren't supported by local salary. Anything affordable anywhere near dayton is extremely high crime and not a good city to live in.
    7
  13033. That looked great. Stuck in Georgia probably well into the foreseeable future. Florida real estate where I’m looking is wayyyy overpriced so I’ll have to wait. May visit this summer.
    7
  13034. These are what you call insurance scams These little touch defender it should be outlawed This happened to our friend We were in the car he was driving the current front of those stopped real quick and we tapped the back of the carAll of a sudden they were on the phone Calling the friends to come over Their friends pulled up Pull in front of them Got out of the car and piled in the car that we tapped Police came they said they were witnesses and they were hurt We're weren't even in the car Be careful of that They're calling other people over They're piling in the car with them and they're saying that they got hurt and they are witnesses this was all set up and nobody's doing anything about it They're getting away with it that's why our insurance rates are going to go sky high through the roof
    7
  13035. I love your videos Michael! You are very articulate and such a great speaker! Greetings from St Louis MO, still feeling hopeless over here 🏡
    7
  13036. Live low, Save Large, Start now. Be kind and helpful to family, friends and neighbors in Trouble. Only the Beginning, not our first Rodeo.
    7
  13037. still surprised that's so many thought home prices would just keep going up and up...
    7
  13038. I’ve been seeing a lot of “Price improved!” instead of price reduced. America’s obsession with high real estate prices is almost religious.
    7
  13039. Great video. I like that you are diversed in your video topics. I so identify with you .I am an introvert. I absolutely love being alone. I am at peace with myself. There is a difference between being alone and being lonely. My family and friends won't hear from me in days and will often check up on me. Its ironic I assume people would think your an extrovert since you are a Real Estate agent but your not. Looking forward to seeing more of your videos.
    7
  13040. The prices he’s quoting are median rent prices. So imagine you want to live in the safer and more upscale areas of these cities. Add 50% to these quoted costs, at least. It’s not worth saving money living in a less safe part of town where your vehicle insurance is higher, your renter’s insurance is higher, your stress is higher and you might get broken in on and have your stuff stolen. Or possibly worse.
    7
  13041. In upstate SC, house and land prices have tripled+ over the past two years. A couple of years ago, land was $5k an acre (10 - 30 acre plots), now it is $20k+ per acre (asking price), although I haven't seen much sell in the $20k range.
    7
  13042. I’ve lived in Panama City beach for 2 years but been all around Florida and other us beaches and I gotta say, the emerald coast in north west Florida are definitely the most beautiful beaches in Florida, and definitely high up there with the nicest in the world. The sand is just so soft and white that it looks like snow and the water is so warm and clear/emerald and so clean. Also the sunsets every day are epic. And this is one of the only places in the world with coastal dune lakes, and we have some of the biggest ones. Only cons are that it gets pretty cold here. I know I’ll end up moving to south Florida just for the warmer weather but these beaches are the only thing keeping me here.
    7
  13043. My concern is that without homeowner insurance on owned free and clear house you cannot put that home under an umbrella policy. You have to have at least $300K liability for an umbrella policy to work. Am I wrong? Being able to rebuild the house after catastrophic damage is one thing, protect all your assets is another. Hope more companies will come to FL. Thank you for an informative video.
    7
  13044. I would like to buy in Kissimmee area but I can’t afford it unless I can get 2020 prices
    7
  13045. Michael I saw where 80,000 people moved out of Florida.
    7
  13046. I'm of the opinion that we can do alot more condo conversions of apartments, resulting in immediate increases in mortgages. Also, the office building conversions should be increased apace.
    7
  13047. I will probably end up moving to the Space Coast.
    7
  13048. Oh I like that house 14:03 time stamp on video!!!! I hate to say this but it happened in Mexico beach. All these investors are going to drive to Fort Myers beach and buy cheap waterfront properties. Get a licensed adjuster! These insurance companies will claim that you don’t need a roof and they won’t pay! Bunch of criminals! You can forget a year to get your house repaired 16:51. Materials for roofing is taking almost 8-10 months. We still have a bunch of roofs in Pensacola that have that vinyl covers and we only dealt with a small storm that came buy and damaged a bunch of houses. At 19:56 response to you on construction prices will jump through the roof because of this hurricane. We will see roofing contractor come in from other states and temporary licenses and perform shabby repairs and then close doors. Do not hire unlicensed contractor or contractors that claim they are licensed. Check with you county, city or state regulators. Make sure they are insured too. I know this is too much but criminals will come out to get your money and leach from your misery. It happened in the past and it will happen again. I hate that all this happened. I have friends still living in Fort Myers.
    7
  13049. Insider from Bank of America say home interest rates WILL go over 6% and MAY go to 8%.
    7
  13050. I wish more people knew how inflation is created. I'd watch a lot of Milton Friedman videos regarding inflation if I am new to inflation. It's not a supply and demand issue. There is a reason why supply becomes too low. We also saw how only $1,000 dollar stimulus checks created this huge stock market rally think what $20,000 in student loan forgiveness is going to do?
    7
  13051. I got a warning letter for hanging a lizard on my door 😂People have a hard time finding my place because every condo building looks the same!
    7
  13052. Michael, you are definitely telling the truth about retirement and health issues for older Americans trying to retire.
    7
  13053. I bail out of housing market and wait for next year. Jerome Powell said in MSNBC interview that he’s expecting home prices will drop dramatically from 3rd quarter into next year. I don’t wanna buy new or used home with crazy price and crazy rate!
    7
  13054. How are these kinds of loans allowed to be legal?
    7
  13055. Great segment again. Thank you for helping so many people. I'm a humble renter but I am debt free and have been saving for several years. I don't need or want a big home; a smaller place (no more that 1,300 sq. ft.) will do just fine. I live in the SF Bay Area and hope to be out of here no later than next summer or fall. The housing situation makes moving to Montana or Wyoming look better every day 😉. Take care and keep the great work going ✌.
    7
  13056. Many of the state regulators are attorneys. The legal bar has every incentive to keep Insurance an issue. Many of them are getting wealthy over this.
    7
  13057. If I had homeless camps in my front yard I'd turn the sprinklers on 24 hours a day and go adopt a couple pit bulls from the SPCA and let them lose.
    7
  13058. The PROBLEM: companies have become HORRIBLY dishonest, so multiple opinions, as well as knowing your OWN stuff via Home Inspector videos is a MUST. My home inspector missed TONS anyhow, so even THEY are corrupt.
    7
  13059. That 35 year old guy needs a different gf if she spends all his money.
    7
  13060. Yes please. We don't need more people here! Thank you for making this video to keep people away! LOL
    7
  13061. Hi Michael - We always enjoy Longboat. It's now Oct., all I can recommend to you is Powerball! Good Luck:)
    7
  13062. There's a guy who walked away from buying a $8.5M home in the Hollywood Hills because the insurance on the house couldn't be found cheaper than $330K/year. Potential fires was the biggest issue.
    7
  13063. I was a career civil servant, allegedly a recession proof job, and was laid off three times in my career, had my pay frozen for eight years (in California!) while living costs kept rising, so every year I got a pay cut. It took me a decade just to make up for those eight years of pay cuts.
    7
  13064. never make a claim, then why have the policy?
    7
  13065. It amazes me how many people are financially clueless because why would you spend all that money on a depreciating item like a vehicle which loses an average of $2,500 when you leave the lot and then over pay for that vehicle that's just stupid but all these people are about to get a financial education that will last for years
    7
  13066. When I was young, people older than me would tell me they could get gas for like 10 cents . When I was young, I remember I could get candy for a quarter at the gas station, and a cheeseburger for 59 cents . In all this time, both for myself and the older people, the prices only went up. Even when the U.S. went through hard times , and wars the prices went up. So, I think the prices will keep going up in the long run. As Michael mentioned, even if the rate goes back to 2% , the prices will continue to go up by a minimum of 2% each year.
    7
  13067. Your youtubes are great! Glad you did it. RE: those big RE investors, I wonder how Blackrock feels because they have over $50 Billion invested in RE from what I read. They must be taking a beating unless they hedged that somehow.
    7
  13068. Yes that's possible a friend of mine he moved by January 2022 and he's an Uber driver he's got the small room for renting and he believes that in a few months he's going to rain the one bedroom apartment. It was desperate by the time he lives in New York City now he's telling me he's got no stress and he loved that!
    7
  13069. Good video. I don't think most Americans have as much savings as economists say. I know a lot of people that live off credit cards to get by. Eventually the credit dries up and payments don't get paid.
    7
  13070. 🎄🎅🏽🎄🎅🏽🎄🎅🏽🎄🎅🏽🎄🎅🏽MERRY CHRISTMAS TO YOU AND YOUR FAMILY MICHAEL. 🎄🎅🏽🎄🎅🏽🎄👍 You always have great content. Thank you for what you do. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    7
  13071. Too many foreign, corporate, and REIT owners of real property in the US for things to be affordable.
    7
  13072. Who's this guy? Where's Michael at?
    7
  13073. Seaside is our next girlfriends trip. So Thank You. Charming Beach Flavour.
    7
  13074. Don't forget about the quantitative tightening tripling, from 30B per month to 90B this month. The last time they did thing in 2019, the market tanked and the interbank lending went to 10%. They've been using REPO and reverse REPO to keep liquidity in the markets, which have now ballooned to over 2 trillion. No mention from the Fed about phasing out that program........
    7
  13075. Great video. TRUMP 2024… wake up people, compare the policy not the personality.
    7
  13076. Recessions are never caused by the same thing. 2022 is supposed to be another large inflationary year and more migration from high tax states (I live in SW FL). For every house for sale (a marketable home/condo) there are 25 buyers here and that is going to take a long time to work through. Money continues to be cheap and a 5% 30 year treasury isn't going to hurt the housing market but will indeed affect the stock and bond markets. My prediction is housing in FL moves up again and then sideways for several years. I like your channel, always good content. Keep up the good work.....
    7
  13077. I live in Coral Springs, this is the only city in USA which has almost all famous Retail and Restaurant outlets at every corner. Also, close to Miami but cheaper housing rates.
    7
  13078. Theres one reason to think this time is different. Our money supply went up 40% and we can expect any bad times in the future to further increase that. That’s the US’s new strategy
    7
  13079. Mistakes make us the people we are meant to be. The key is to recognize and learn from them. You know when it's too late to change, do something new, etc? The day after you die. So there's always time to grow. Just don't be too hard on yourself or else you'll find a way to allow nothing to happen by being down that you aren't richer by a certain time or married/have kids, or didn't travel enough or whatever. The past is set in stone. The future isn't.
    7
  13080. it's interesting how fashionable Flordia and Miami have become. In the late 90s and early 2000s Florida was viewed as a bit of a banana republic with the media stories about tourists from Europe being murdered and the 2000s election debacle with the hanging chads. Now so many higher-income foreigners and people from other US states want to move there that prices have gotten crazy.
    7
  13081. Thank you for explaining a buy down. Now I have to recalculate my budget. Rewriting my playbook!
    7
  13082. Man Texas was my 1st choice of moving there to Dallas cuz it’s more affordable there I heard based on my research as well compared to Florida but man I hate the cold. The climate is going down in Texas and I’m currently in Delaware and it’s not different over there than it would be here other than the fact that TX is bigger...more traffic on the highways...and access to more vegan food...cheaper housing...and more jobs... I can work remote, cook my own meals no property taxes in Florida, and 60 degree weather all year around... I just don’t know how bad healthcare treatment is in Florida vs Texas and the quality of care given in hospitals in FLORIDA v Texas...also the cost of housing is higher in FL probably due to hurricanes... I might as well move to Costa Rica, Columbia, Mexico, Argentina or Venezuela...any problems in these countries?
    7
  13083. PA. is probably a no on an electric car mandate. Replacing a battery in one of those electric cars is very expensive like north of $20K. Batteries last on average eight to ten years. I had to replace the battery in my 2010 Toyota Hybrid and it was $2300. The car was nine years old with 76K miles. If the dealer and Toyota hadn't helped out with the cost of the replacement it would have cost me closer to $3,500.
    7
  13084. Love the beach, i miss so much. Cheaper to live out of state. Fl way too expensive for me.
    7
  13085. Thanks for keeeping us up to date.
    7
  13086. An entire generation should realize they were defeated by higher interest rates. Denial, anger, bargaining, depression and acceptance are the stages that people go through when dying and ironically, facing severe financial crisis. We are now in the 4th stage -- depression. It's obvious with people going nuts spending on credit cards to make them feel better buying anything and everything. Acceptance is next!!!!! After the acceptance stage, severe recession, economic depression, or death follows.
    7
  13087. The panhandle Beaches are beautiful, Crab island at Destin, FL in particular almost looks like the Bahamas. Oh and that truck has the "Carolina Squat" possibly the worst car mod ever. Lol.
    7
  13088. Longhorns restaurant out here also doesn't have prime rib anymore and it was so good idk what happened after covid
    7
  13089. Thank you so much for your opinion and time. Been saving a few years and was kicking myself when I missed the opportunity last year because I didn’t want to miss out on the low interest rates. Also didn’t want to pay 50k+ plus above asking price trying to compete the with everyone kinda seem counterintuitive…. Anyways, I’m hopeful that within the next 2-3 opportunities will present themselves as we didn’t really see homes drop to their lowest from the 2008 crisis until 2011. Stay strong and cash heavy for the future deals coming ups. Might be lucky to snag a duplex, I can only hope! :)
    7
  13090. Mortgage rates TO MARS ↗↗↗
    7
  13091. Congrats to being on the news!! That’s awesome ☺️
    7
  13092. I usually stay in Hermosa Beach or Redondo when I visit LA and it’s a great area. I’ve lived in the Tampa area for over 17 years and Florida is just fine. We take weekend trips around the state several times a year. I like Hollywood Beach in south Florida because of the broad walk. Similar to Hermosa and Redondo. I prefer the Suncoast of Florida on the west coast for beach days. My pick for where I would want to be if money wasn’t a factor is none of them. Mission Beach and Pacific Beach in San Diego is my number 1. You have a board walk like both of them but you have a laid back environment that is unmatched by any of them. San Diego is the best place in the USA bar none.
    7
  13093. Basically what you are saying Michael is that if you live in a warm climate and mostly outdoor and close to Nature you are much more happy. It’s so true! You should make more motivational videos, a lot of people need words of encouragement, moral support and real spirituality.
    7
  13094. My wife and I are considering moving to st Augustine and I’ve been looking for other places to talk me out of it, and ofcourse your favorite is st Augustine 😂 all signs in life have so far pointed us that way
    7
  13095. The walmart near me has went to all self check outs with only a few employees overseeing the entire aisles and they are planning are laying off a lot of their employees or shutting down underperformed Walmarts.
    7
  13096. Prices in FL are of the charts of course, You guys can have it. Im fom ohio and I talk to people that go there for vacation and their ready to come home after 3 or 4 days. And they say never buy down there. when they might retire I agree you guys only have 2 seasons shorts and Hurricane, oh and over crowded fun. People got to greedy in FL. People ruined it sorry.
    7
  13097. 😂 at Warren Buffet being 150 years old
    7
  13098.  @MichaelBordenaro  Fort Lauderdale, if possible
    7
  13099. I'm glad I lived in Miami in the 60's-70's...That traffic nightmare is not worth the 'price of paradise'....nevermind the housing cost. Oh well. it's getting like that everywhere. Good info, at least I get to see the palms, and memories of the 'good times back when'....
    7
  13100. Layoffs happen most often in December and January. Tech is at the forefront but manufacturing, retail and construction will follow as industries with additional job losses. The previous generations have seen many recessions and always way on the sign of caution. Be ready expect the worst hope for the best. I agree it's all credit based spending buy now pay later.
    7
  13101. Florida is truly a beautiful place
    7
  13102. These idiots try weekly to get my mom to sign up for a loan when she literally just has living rights to my home.
    7
  13103. Shaking my head at the lead storyline. How do these people sleep at night. ❤
    7
  13104. HOLY CR4P! Universal already raised my rates 40% last year! Now we're looking at $8,400 a year for a policy that doesn't cover hurricane or flood!
    7
  13105. I think the real catalyst for the housing market is going to be job losses. If there starts to be mass unemployment, then the housing market will crash severely I believe.
    7
  13106. Nice points on rental vs ownership.
    7
  13107. Love your vids! Any shot you'd be interested making a "Best/cheapest places to buy land / small farm" in Florida video?
    7
  13108. The buyers set the price,if buyers will not pay the price then the seller will eventually have to take the best offer . With this ruling the other realtor won't be as willing to talk the buyers into paying the higher price,there is no longer incitive to do so .
    7
  13109. I am investing/saving 16% each month. I would like to be at 20% but not quite there yet.
    7
  13110. I have a 2022 Subaru Crosstrek with a manual transmission, heated seats and mirrors and an upgraded sound system and my payment is $250 a month! I would NEVER, EVER pay $1000 a month for a car, that is INSANE!
    7
  13111. I really think renting is better than owning where you live 90+% of the time especially when you’re single or not the typical married with children in school life, so much more freedom of movement, and don’t have to worry about paying for repairs
    7
  13112. I am with you. If I want to cash in my home equity it will be when I sell the termite eaten box and buy another someplace with a lot less people poring in!
    7
  13113. I was born and raised here. In the 1970's it was an incredibly cheap place to live. The bubble started with the drug dealers in the 1980's. Hurricane Andrew stopped the bubble but in 2001 the fed started the current bubble.
    7
  13114. Was just having the good-quality food conversation with my 13yr old today. Very important lesson to learn and start building healthy habits early on in life.
    7
  13115. Not just home mortgage, it's applied to HELOC too for home insurance requirement. Overall, home insurance in my Northeast FL home is more expensive than my SF Bay Area home (even Bay Area home is bigger than FL home). Hurricane coverage is optional; therefore, I don't have it in the policy. Same for Cali, I never bought earthquake coverage as it's optional. I notice that I have a great discount for wind mitigation (I think wind mitigation is required by FL for new building code, starting at some year back. Correct if I'm wrong). I paid $1,265 per year in 2021 for 2900 sq-ft FL home, FEMA flooding zone X. I had to shop around due to ridiculous high in 2022 (I paid $1,517 per year before Ian and Nicole hit). I expect 2023 will be even higher after they've factored in Ian and Nicole. Btw, auto insurance is also high in Northeast FL than SF Bay Area with the same coverage protection.
    7
  13116. Micheal, you're handsome and intelligent. You have hair. Be happy. And Happy New Year.
    7
  13117. Yes, I’m from Colorado originally and do miss the season changes and beautiful foliage
    7
  13118. Im in orlando now florida is cool....
    7
  13119. WOW, what an extremely sad situation! My heart goes out to the people gone and the mental health of the families, friends, and neighbors
    7
  13120. No way I will never pay $100K for a reverse mortgage loan! Guess home owner is not eligible for a refi mortgage... correct ? Yes, reverse mortgage is aimed at taking home owners home at the end
    7
  13121. This is a great video. In my opinion, the east coast of FL appears to be more lush with deeper green vegitation than the west coast of Florida. This would make sense as the east coast tends to get a bit more rain than the west coast. As noted in the video, the waves are greater on the east coast, which lends to the east coast may seem to be more windy. Evidentually, I will need to rent on both coasts until I get it figured out.
    7
  13122. HD is very pushy with signing people with Credit Cards and they weren’t this way before . I’m about to switch it up to Lowes .
    7
  13123. I really liked this video. I love Miami Beach b/c of that surprisingly small town vibe. You bring home that in the end where one lives is simply a personal choice. We have chosen Hollywood b/c we like the lack of polish, which, of course, would not appeal to everyone.
    7
  13124. bonkers.
    7
  13125. You are 100% correct about the freedom of being patriotic in Florida. I live in Glendale, CA and am getting the hell out of CA for Jupiter, FL next year. The overwhelming homeless population are disgusting, I mean it will turn your stomach and that is without catching a whiff of urine and other bodily spillages. I can't believe the Board of Health let's this go but if I throw a napkin out of my car window I will get a $1000 littering ticket. When my daughter first moved to Irvine I loved it. After a few visits and getting to know Irvine and surrounding areas, I said "Oh hell no!"
    7
  13126. They'll be pivoting next year Michael. Bond market is pricing that in.
    7
  13127. This is so sweet. It chokes me up because I had the same conversation with my Dad but to LA. It all worked out but Dad said , " See you in 3 months". Well it has been 30 years now. Kudos to your Dad for that credit card for protection not necessarily spending. I am the oldest too. It's not often people leave small Illinois towns so it is shocking. Your Dad is so sweet and has such great values. There is nothing better than seeing a man with with values and integrity. My Dad is my Italian hero.
    7
  13128. The bank savings from Stimi payments will run out in June!
    7
  13129. This is the Age of Great Disruption and Craziness!!!
    7
  13130. Michael? Do you remember a few years ago you did a video about the YouTube algorithm and you showed us charts that indicate how many watch and all your views and how all that goes up and down? How are all your stats now? Back then you were doing 2-3 videos a week. I think many of us would have a heart attack if we didn't get your new videos each day 🙂
    7
  13131. My spirits will be lifted when prices are down 30%-40%. I will not get stuck in a home and be under water for years. It’s not worth it. The only You tuber that tells it like it really is.
    7
  13132. You just have to rub it in how beautiful and sunny 🌞 it is there. I live in Paso Robles, California Just 2 hours north of Santa Barbara and it’s cold and rainy here today. Thank you for another great video today. Blessings, Carlos ✝️🙏❤️😊❗️
    7
  13133. I've been "looking for a house" for several years and it has not been fun. There's moments of hope, like when we hear about a potential correction or crash, but then the next youtube video is about rapidly rising taxes, energy prices, food prices, etc. So maybe I shouldn't be encouraged at all and resign to the fact that I'll rent forever :-(
    7
  13134. do the tenants at 17k/month have to cut the lawn too?
    7
  13135. Yes Walking Video !!!
    7
  13136. Some people hate having a settled down life. I taught English around Asia for 5 years. Always moving, loved it!
    7
  13137. You have to read the fine print on those bonuses. Always. Never accept one they can take back if you aren't at fault in some way.
    7
  13138. So I am a mortgage lender and have been since 1989. And I have watched a lot of your videos. You are pretty accurate in many areas. But you are WAY off on this one. Your comments are based on a lot of erroneous assumptions. These programs are usually subsidized by Federal lending programs. If you want confirmation, or a reliable source on mortgage information, hit me up. Don’t make silly assumptions and ruin your reputation. Oh, and by the way “Down Payment Assistance” programs have always been around. Fairway is not trying to pull one over on buyers. By requiring that the buyer qualify based on an average median income for an area they live in, that ensures that the buyer is not in over their head. Come on man. Let’s talk.
    7
  13139. Wow! I had to deal with the condo hoa’s from 2009 until 2019 at the T and P Lofts in Fort Worth. It went from $389 to $515 over the years with a $3500 assessment during my stay. I would likely be financial crippled if I didn’t sell that place. I know there was another assessment since I left. Also, the historical tax exemptions ran out. No way ever again would I buy a condo. I bet rent would be cheaper at this point. You called it, gentrification.
    7
  13140. I saved a lot during the lockdown, still have some savings but it's getting low. I cut back on my personal treats like pedicures because my husband is blowing all his cash and I've been having to cover unexpected expenses. We are not buying anything for Christmas as we are going on a cruise and got tickets to the Rolling Stones concert.
    7
  13141. Adjustable rate mortgage has to be one of the dumbest things you could do when buying a home.
    7
  13142. Australia is the same as they are still buying houses no matter what.Especially in Adelaide as there are not many houses for sale as next door is a sub divided block and the little 2 bed room house is asking 430 K on a 360 square block of land.Crazy high price.
    7
  13143. Florida is asking for 3 x the rent. The problem is Florida is years behind on regular wages. If you are making $20 /hr you are definitely doing better than most
    7
  13144. Not operating on the truth is a road to misery. For me, I want to know the truth. I like your posts just the way they are, thank you!!
    7
  13145. Nothing like charging something you poop out the next day, go figure 😢😢
    7
  13146. 2023 will be remembered as the year of the revision. What a bunch or crap from the bankers and politicians. All I want for Christmas is Jerome to increase the rates.
    7
  13147. Flippers are getting killed in my city. Why? they bid homes up, then flipped and thought they could make double. Nope now chasing market down
    7
  13148. I think it's insane to work 2 jobs just to sleep in it, any house. Talk about slavery. Smart older people are seeing that living in a Tiny home in Tennessee is living. Some even choose to live in a car or van, that saddens me for the elderly but they seem happy.
    7
  13149. I'm with you on the kids situation, also mid 30s. Used to think I wanted them, but now I don't think I ever will for exactly the reasons you mentioned.
    7
  13150. money laundering/foreign owner, that's what that house is, they are everywhere in Sydney
    7
  13151. We hope you and your lovely wife are having a great working vacation
    7
  13152. When I lived in Florida it was my best life look forward to moving back thanks for all the input.
    7
  13153. what camera are you using?? great filming quality
    7
  13154. Michael, the price cuts in suburb Miami-Dade county are an insult to our intelligence. For example, listing is clearly $200K above what it should be and they do a $25K price reduction. Buyers need to not pull the trigger !
    7
  13155. Since you posted this video the stock market turned into the red today. This video has some cold hard Truth and insight….more pain to come.
    7
  13156. For two decades interest rates were double digits....but a nice 3/2/2 house in Dallas Texas was $65,ooo or less!
    7
  13157. Travis said he saw some with close to 60 percent in Texas. I don't get it. Buying a house is not THAT important.
    7
  13158. To say that was impressive would be an understatement. Miami at it's finest.
    7
  13159. I remember feeling so lost in my 20s. I would pray people would not ask what I did for a living. I worked for a car rental company getting nowhere. I found a better job with a large law firm in their mail room. Work my way up and and continued to live under my income. My 401k was my salvation and now at this time in my life nearing retirement I can honestly say I am doing better than most including many of the lawyers whom I have work for. People throw their money away starting with starbucks. G Paul Getty once said "If you are not rich think of the ways you make yourself poor". Money doesn't buy happiness just everything else.
    7
  13160. The crazy spring breakers in Miami Beach looks really bad.
    7
  13161. lol nice to see the guy dragging what appears to be a large couch across the grass while you'rer walking around the 15 min mark. Thanks for doing this, but I wouldn't feel safe there. We have a lot of flippers who bought tiny ugly houses in a really bad part of Tampa that's charging rates like that. I always wondered who they can sucker to buy.. but maybe people out of state...
    7
  13162. I would think at 7 to 8 hundred thousand dollars for a house, one could afford something besides pink paint. That's just me thinking out loud. :)
    7
  13163. Let’s hope so!
    7
  13164. They should’ve done it. It would’ve sent a message.
    7
  13165. I literally paid $40.00 for a gallon of paint at home depot... I never in my life ever paid that much in my life for premium paint!!!
    7
  13166. Mobile home for 160K, no way
    7
  13167. Wow. There's so much negativity with people that was saying those things.😂😂😂😂 I believe those people are definitely from the north. Fine, I get it, you dislike Florida, but you don't have to be so downright hateful against it. Hey, that's makes it better for me and other people who love the sunshine state. You gotta visit the place first before being so negative. That's the true mentality of making choices.
    7
  13168. It's astonishing how little traffic there is in the neighborhoods you show us!
    7
  13169. The problem is the goverment these kids have collage debt to repay and they were riped off by blown up college debit it was done on purpose
    7
  13170. Ended up housing hacking in a triplex. Tenants cover my mortgage, but if they don't pay I can still afford it solo.
    7
  13171. Thanks for all of your videos. I grew up in St. Augustine and have commented on some of those videos. Again, thanks. I currently live about 3 blocks to the east of the playground at the start of this video. Very calm neighborhoods with small parks and playgrounds. Affordable. Very different vibe than on the east coast where I grew up. The best thing is the peace and calm but in an hour and a half I can be in St. Aug, Daytona, Orlando or Tampa. Hurricanes are also not much of a concern here. The only thing I miss is the salt water.
    7
  13172. I keep seeing this article too. However I am still seeing whole streets empty in Sterling Ranch CO. I have a couple of emptys too in my neighborhood.
    7
  13173. Love this video! My wife and I sacrificed so our kids could get the education or training they needed to be self-sufficient, but more importantly, to start their lives DEBT-FREE.
    7
  13174. 50 thousand in taxes WOW 😮
    7
  13175. Hope you Michael and everyone else in the comments is having a great memorial day weekend!
    7
  13176. Living in Manchester UK, is great seeing your videos and the great ☀️ you have over there.
    7
  13177. I have been reading about Ghost jobs, jobs that are advertised but no job actually exists. Companies do this to look like they are expanding and doing well. Have you heard about these?
    7
  13178. Good info... Thanks for doing the driving & exploring for us!!!
    7
  13179. I am bracing for all sorts of fallout. The stock market is horrible at the moment!
    7
  13180. Thank you for the video and tour of the beautiful neighborhood where you filmed today. Judging by those homes and cars, not everyone is doing poorly financially.
    7
  13181. Our Michael sporting his METALLICA shirt
    7
  13182. what's going to happen when a bunch of new sinkholes open up all over central Florida from the water? will that happen? 🏡🕳
    7
  13183. can you do something on pest infestations and multi dwellings like apt and condos? i am moving from Dallas to probably tampa and have a severe phobia for bugs. i could not stay somewhere that has visible roaches every time you turn on the lights. any way to check a place for bugs before signing? maybe how to avoid horror stories video. you might cover things like noise issues. i visited one place during they day only to realize there was a railroad crossing close by and at night the train would signal so loud and wake me up all night. also construction or crime. in Dallas I know where not to live. i lived in Memphis and parts of Memphis are super dangerous to live. so how do you check that type of info when recommending a place. maybe a "how to avoid horror stories when renting or buying" FYI - you are a pretty laid back sounding guy you would do well talking about different things on youtube. people often seem to watch less for information and more for pseudo companionship.
    7
  13184. I'd choose a trailer over a condo any day.
    7
  13185. I just love your show and how you put it out their
    7
  13186. Lowball offers are being accepted in Tampa bay. Some sellers are still stubborn (mainly flippers/investors), but houses are still selling like hot cakes at reasonable prices but those who refuse to take a cut are still in the market for 70+ days which is unheard of in Tampa. The pricing are kind of crazy some listing at 320$ sq/ft some at 230$ sq/f but the ones selling are below 190$ sq/ft which would be the real market price since it use to be 160$ sq/ft back in 2020 before the pandemic.
    7
  13187. I would be financially lost without these videos! Keep it up!
    7
  13188. Congrats on getting some help answering questions. I can’t imagine how you keep up with it all. Crazy times all over with real estate prices. Wish I had several places to sell and one left to live in. Lol
    7
  13189. Yeah it’s wild out there
    7
  13190. Omg! No Foreigner should be able to buy property!
    7
  13191. I would either build my own home (like I did) or buy an unremodeled old home to avoid the shoddy work of the last 40 years. SInce I know how to build a home and enjoy homes without modern conveniences that's my choice. Here in Florida it would be a 1950's home with casement or jalousie windows still there, that's hard to find in the flipper's bubble paradise. Some of the electrical and plumbing rigs I have seen here are shocking. It is amazing that homes can be sold with all of the unpermitted work that is here. I have a college degree but the vast majority of what I learned was hands on. Government mandates really kill innovation and waste valuable time in your youthful years.
    7
  13192. Enjoy the content. If a landlord asks $20k a month and the house is unoccupied for 3 months they haven’t “lost” $60k. If you think it is actually worth $10k, then they effectively lost “$30k.
    7
  13193. PLEASE TAKE ME BACK TO 2019 PRICES.
    7
  13194. 18:00 George Carlin made that statement “ They Got you by the BALLS”
    7
  13195. Hey Michael take us to Myrtle Beach, I love Florida just a little too hot for me. From Upstate NY and am looking to move to the Myrtle beach area. I’ve been watching the market closely for a few years and the value just seems great for the location.
    7
  13196. HAPPY FRIDAY MICHAEL AND LISSI 🎉❤🎉
    7
  13197. Michael, congratulations on the Business Insider piece on Apple News recently. Great exposure for your channel!
    7
  13198. The alternative to renting is a nice family tent from Camping World and set yourself up in LA and get yourself into the business of tent renovations
    7
  13199. north east, there is no housing crash. im seeing homes sell as fast as 6 days from the time they are listed on market to purchase. doesnt matter that rates are 7%, people are still buying up here and they are paying over zillow zestimate. people need to realize that not everyone is struggling in this economy. there are millions of people living just fine ans buying homes knowing they will just refinance in 5 years. only people struggling in this economy are people like me who work low wage jobs.
    7
  13200. Mike gives advice at the 12 min mark! 😂 J/K it's just common sense which a lot of people lack especially when it comes to finances.
    7
  13201. I lived in San Francisco for 15 1/2 years and grew to dislike it more and more over the years. Happier now living in the 305 !
    7
  13202. The best places I recommend depending on my little experience are: Aventura, Fort Myers. What to avoid: most parts of broward county except: Weston, Cooper City. Fort Lauderdale is getting trashy especially west part of Andrews ave. and north parts of broward Blvd.
    7
  13203. That would be interesting to swim in hot ocean bath water 🌊
    7
  13204. Quality of home builds for brand new models might be compromised due to higher prices and contractors trying to build as fast as possible. Also the type of labor the are using if there trying to cut costs. I'd go more early 2000s or 16-19
    7
  13205. I wish Walmart would close more and it would allow more small businesses to succeed. They sell crap anyway. I usually return what I buy there and instead just buy online and wait. More choices online and better chance at quality for a good price.
    7
  13206. Once the mobile home park is vacated due to rising rents, it then becomes a land lot that is worth more and available for sale.
    7
  13207. No worries ! Bank failures is just transitory just like inflation and all other chaos! Just keep on acting like nothing is happening ! That’s the message people are getting! 🙄
    7
  13208. We have a home in Sarasota. Thumbs up to wearing your favorite comfy worn in tshirts !!!
    7
  13209. Houseway Robbery!
    7
  13210. So, Michael at 17:30 you showed the house they want 800K for that they paid 280K on 12/2019. I looked it up and the 3 analytical companies have this. 1. Collateral Analytics / 719K 2. CoreLogic / 772K 3. Quantarium / 795K I know I have asked this question before, but maybe you can give a little InSite for your viewers, but why do these analytical companies more or less just follow what the asking price is? The property taxes went from $2,340 in 2019 to $4,300 in 2022 with the 2022 Valuation sitting at $230,000. Are these companies just posting these numbers to make the seller / homeowner feel good and the agents have justification to the buyers that this is how much it is worth? Surely a bank is not going to loan anywhere close to 800K even with a 20% down payment, correct? Again, great video. I'm waiting for one you will video the high dollar cars in Miami as your walking through these neighborhoods. A little description of what make model and valuations are. 👍
    7
  13211. Well my car will be paid off in 4 months. Woo hoo! Already House paid off, but still gotta pay tax in insurance 😢
    7
  13212. I feel a lot of regret is coming 😢
    7
  13213. Oh man that looks miserable...Time for you to move north? Life is too short to spend any of it stuck in traffic.
    7
  13214. In 1988 the homeowners insurance for the house I lived in was around $400.00 a year. Now if you can get it, it's around $4,000.00 a year.
    7
  13215. That FL House at 150% profit is just mind boggling. Window airconditioning. No biggie You pay for central ac with your own dime. And it has been saved by 105 people so you know that someone is going to buy it at that price. .WOW!!!
    7
  13216. Reminds me of the Brad in American Beauty that Lester blackmails into a free year of severance pay by threatening to file a sexual harassment claim against him.
    7
  13217. Central Florida here excessive construction going on
    7
  13218. The part where you mentioned the people that shouldn't move to Florida made me laugh so hard because I saw that video already.. lol. Good job... who knows, maybe I'll end up there some day soon.
    7
  13219. Thank you for the upload Michael Merry Christmas 🎄 everyone God Bless you.
    7
  13220. Florida is getting expensive to live.....everyone is moving there.....
    7
  13221. NO ONE needs to buy a house but it does help future generations have a platform to build off of. Personally in the market but inventory is so tight right now it just doesn't make sense to pay top dollar for something you do not love.
    7
  13222. Real estate agents are absolutely amazing to me. Here in vegas they are STILL saying now is the time to buy. Our inventory is tight, that’s the only reason prices haven’t declined more than they should. To be a professional means you have a good assessment on your market. They clearly have no idea what’s happening.
    7
  13223. Our Home Depot is hoppin'!
    7
  13224. Thanks for explaining what a buyers market is.
    7
  13225. Michael, we are seeing layoffs in California tech jobs just beginning to happen. So, the cooling off is just starting in California. Something to be expected because it’s been a hot job market for so many years hear in California.
    7
  13226. Love your honest videos! I learn so much from you, Thank you!
    7
  13227. If I buy a house in florida its gonna be up north...I can always take a vaca to hotter areas
    7
  13228. DON’T EVER GET AN ADJUSTABLE RATE MORTGAGE
    7
  13229. Today it is “The Age of Displacement” in everything!
    7
  13230. I am moving to Florida this year. This is my goal. St.Augustine, or Palm Coast. I heard that there is a big Portuguese community in Palm Coast. Good padarias. Let Lizy know 😉.
    7
  13231. Happy Birthday Michael! 🎂🎶🙂❤️. My husband and I have recently found your channel and we really appreciate the great content.
    7
  13232. First view
    7
  13233. Wow, that's interesting. What is also interesting is that you are the only one walking. Where is everybody?
    7
  13234. Can't collect? Get the Sheriff's office and show up at the builder's shop and start loading Bobcats, generators, air compressors and all tools until you get to $250,000. Someone did that to Bank of America. They didn't pay their judgement, so the guy showed up with the police and some U-Haul trucks and instructed the deputies to go in and start seizing computers and office equipment. Bank staff made some phone calls and walked out with a Cashier's Check not much longer.
    7
  13235. I'm excited for the journey and insight
    7
  13236. Thank you Micheal, please, what’s the name of the town again?
    7
  13237. Michael , you have a good quality voice. It is very easy to listen to. From a speech therapist😊
    7
  13238. Risk in the stock market is just as risky as waiting out the market. Inflation took some of the money that was on the sidelines.
    7
  13239. My son and his family love living in Florida. They have been there for over 4 years.
    7
  13240. A lot of sellers these days, get things from Walmart and then resell them at 100% markup. Had to buy a couple lamps and discovered this talk about sleazy!
    7
  13241. I’m really rooting for the fed. Crack up boom is what scares me.
    7
  13242. A title I can get behind. I made my peace with never owning a house a long time ago. I make 150K/year and there is no chance I will ever be able to afford a house. The houses in my area start at 1.4m and the down payment will take 10 or more years to save up for. I’d rather put my energy into enjoying my short life and avoid the stress……It’s obvious that the powers behind the scenes don’t want us normal working stiffs to own homes ; maybe carry a mortgage we can never pay off but ownership they won’t allow. You are just punished with taxes and insurance and HOAs and Melli-Roos and endless nonsense
    7
  13243. Hi Michael, my wife and I started watching your channel a few weeks ago and we are hooked. I'm originally from Naperville, IL, just outside of Chicago and I had always wanted to escape the freezing cold and move somewhere warmer. Unfortunately we're stuck in Panama City (still too cold for me, I've actually seen it snow here ) till we can retire and maybe move farther south. Keep up the great videos, we look forward to them.
    7
  13244. I love my condo... no crazy rules for the most part... plenty of parking...no limit on guests... sure there's that maintenance fee but it covers the landscaping,basic cable (although Brighthouse is continuously looking for new ways to screw the consumer),pool maintenance, clubhouse...if you own a house in a subdivision there is many rules that you have to follow too that are just as bad as these condo rules like you mentioned... like fining you if your lawn is too brown even though you can't water it due to water restrictions it's crazy... BUT then again if you own a home outside of a development and you don't have to follow ANY rules then you just might be lucky enough to live next door to a guy who doesn't take care of his property and has a couple of junk cars in his yard... I guess the point is that you just have to do your homework and choose wisely... I feel so lucky that I found an awesome condo community to live in although lately my asshole neighbor feels the need to play his stereo at all hours of the night while I'm trying to sleep... I don't know what his problem is...grrr! Love your channel!
    7
  13245. I wish I knew ahead of time you were going there. A friend works and lives there and has for years. She seems to know everyone .
    7
  13246. this channel deserves more subscribers
    7
  13247. Thank you for your video, Michael! I work for a disaster recovery firm. I can tell you that in areas that are hard-hit by a natural disaster, the Federal Government steps in, with millions of dollars, to provide qualified home owners with funds to help rebuild their homes and communities. For those who want to stay in these communities and rebuild (and use the funds appropriately), it can be a beautiful thing.
    7
  13248. Have no debt!
    7
  13249. If you switch your domicile to New Hampshire, there is absolutely no requirement to have car insurance.
    7
  13250. Sure they are lowering prices, for how long ? Next thing, they will do, Raise the Prices back Up. Target is #1 Store in this area, where their Prices are Up all the time. Target , Walmart , Restaurants, and Grocery Stores in this region, always packed with customers.
    7
  13251. It’s kinda crazy to think we have been conditioned to think 3% rates are normal.
    7
  13252. Thank you Michael👍
    7
  13253. Nice. The best beach in Florida I have been to is in Bahia Honda state park.
    7
  13254. Great idea, Michael. Would love you to consider Fort Myers, Venice, Port Charlotte, North Port areas on the West coast if you have time. Would like to know about the quality of life versus cost of living (housing, etc) everywhere you go. Safe trip!
    7
  13255. Pensacola, is the JEM on panhandle . There is the beach , that is an island with best sand ( white sugar & sanddunes ) City of Pensacola is very Small & has New Orleans charm everywhere ; very walkable etc, I lived in Pensacola for 7 yrs …. Pensacola has the Fiesta Of Five Flags event each yr, Kinda like Mauti Gra in New Orleans . Pensacola is on Central time & almost directly down from Chicago ! ( Most people don’t realize that , nor from Pensacola to Miami is 750 miles 😱 ) I worked @ Welcome Station ( Fl./ Al. Line ) & folks could NOT believe how far it was to Miami .
    7
  13256. Love your videos! We are moving to Vero Beach in the coming months. I would love to know your thoughts on the area!
    7
  13257. You got that right , alot of people living in a bubble right now . All these buyers out there that bought in the last 2 years will be upside down on their property in the next 1-2 years . Those out there think that this will be a soft landing that are economist should seek a refund from the college they went two because they didn't learn anything about the economy.
    7
  13258. Great video. I’ve heard a lot about sinkholes since I’ve started looking into moving to Florida. Sadly 3 of the areas I want to check out were all on the list. I’m now leaning towards Flagler County which is on the safe side. 🤞🏼
    7
  13259. Debt is a four letter word...
    7
  13260. Due to the stupid factor of buyers out there I recently listed my home on zillow for sale by owner for 100k over what strikes me as a normal.price . If it went great , figured extra money would cover rent for a few years and at the end I would net what it's really worth anyway. Not looking to buy now by any means. I cant tell you how many realtors called to bring buyers. I said if the buyer is paying you great , if I wanted to pay a realtor thousands to shoot fish in barrel I would have listed with one.
    7
  13261. On the commercial side of real estate, wondering how many banks are going to be handed back the keys when it's time for commercial loan resets/ non recourse loans?
    7
  13262. thanks for the info. I was going to use it to buy albums off amazon but no cash back for cds!!
    7
  13263. Lennar in shambles for 2023
    7
  13264. South FL is the exception. Rest of FL is slowing down.
    7
  13265. I’ve lived in Clearwater 2 years now and still haven’t gone to check out this island yet. Maybe I will before the summer is over. Hopefully they are not requiring those ridiculous masks anymore, though.
    7
  13266. Great job Momma Bear 👍
    7
  13267. I looking for a nice place Miami Beach, I like your videos a lot! How you can help me to relocate : info phone?
    7
  13268. Michael I'm an introvert as well I can relate. I like people I keep to myself as well. I don't see anything wrong with that.
    7
  13269. You're at a different point in your life now. You and your wife need to really think this through because it's affecting BOTH of you long term. Research and gut instinct. Take trips to where you are thinking about going. See how you both feel. Talk it over. I about fell out of my seat when you said you're on the "older side" in your 30's because I'm in my 50's. I'm moving myself within two weeks. I'm gonna miss my neighbors, because they were great. I won't be far and did promise to visit. Research and listen to your gut instinct.
    7
  13270. 50% is a good start considering rates will be in the 5% range at best for the next 5-10 years
    7
  13271. I lived in Cali for 27 years. Moved to Florida a few months ago. Florida is much better than Cali. And there's more freedom (if you're into that)
    7
  13272. I enjoyed the walk in the rain and hearing all of the sounds…cars driving through puddles, the birds! I could practically smell the rain in Miami! I hope the family who moved from California and then back again, could afford that move! Not cheap! I have heard of a few people doing that though. Thanks for another great video, Michael!
    7
  13273. My sister and brother-in-law have a house in Ormond Beach. He stays there all year and she summer's up here in NH, then goes down for the winter. They LOVE it there!
    7
  13274. Thankful for your honest video, Mike. In the current market, a mortgage would be about 1/2 of our household gross income and with two babies on the way, that’s just a horrible decision. Some realtors are definitely encouraging us to take larger risks than we ever should (in our current financial situation) so we’re going to wait it out and keep renting for now.
    7
  13275. It is beautifully furnished and decorated, however, there's a few too many stairs for my liking.
    7
  13276. Really good video.....Thank you for sharing your living budget with us...I belive you both made the right decision, especially right now.....The Fed has distorted markets ( real estate, stock, bond,and commodity) by at least 2 to 3 sigma ( standard deviations) on the upside ( prices).....The low interest rates on money has raised asset prices to unrealistic levels....You both have a wonderful lifestyle to wait-out the economic storm that will inevitably arrive.....
    7
  13277. Blackstone and Blackrock to merge new name = BlackHeart
    7
  13278. In Lee County, SW Florida, my assessed value went up 3%, but millage went down resulting in essentially a wash for 2023. There's always next year.
    7
  13279. What goes up, must also come down. People who are upset about people moving to their towns and jacking up prices have zero justification! It’s called capitalism which rewards people who make sacrifices and take risks. Of course, risk also means that bets may not pay out and this video is a perfect example of that. Don’t be upset that others are trying to do better, instead, figure out a way for you to get ahead.
    7
  13280. Breadlines by june
    7
  13281. I'm not Christmas shopping yet because I just don't want to. I also think these retailers are putting too much stock in people's ability to think ahead about gifts lol.
    7
  13282. We need the federal reserve to continue the current policy. We need to get back to true price discovery in this economy.
    7
  13283. So this $15k credit card person has found the loophole. You can charge up your credit card and then just not pay. The credit card company just writes it off. They have no credit for 7 years and then they can start over. That’s the risk every credit card company takes when they issue credit to someone. With the interest rates these companies are charging I guess they can afford a few write offs. The 28 year old mind set obvious sucks. I wonder how common that is with the age group? Charging 15k on cards is crazy but I know it’s easy to do if your not responsible
    7
  13284. That condo didn’t look that old, the 90’s were like yesterday! Heck, I have spices from the 80’s! 😁
    7
  13285. In australia there are approximately 10 million houses, there have been suggestions that as many as one million are vacant, that is, holiday homes etc., the government has made the rich people very rich and we have people sleeping in attics because there is nowhere for them to live......you're right michael housing affordability and supply is a worldwide problem...your insights are absolutely spot on Michael, great job!
    7
  13286. Time to go off grid? Rain water, solar panels...
    7
  13287. Even with a HELOC (home equity line of credit) loan you can quickly see the payment go up because most of these loans already have higher interest rates to begin with and they also are typically adjustable rates. So if you borrowed 25k at 5% a few months ago you could very well be paying 8% today. Not good!
    7
  13288. Still looks like it's going to be Vero Beach or Palm Coast, for us. Can't wait to escape Communist California.
    7
  13289. ramsey never brings up how invested he is into real estate stocks
    7
  13290. I’m glad my fellow Nebraskans treated you well! Sometimes the error you describe can be something as simple as the gas cap needing to be screwed down tighter after filling. Safe travels!
    7
  13291. Florida beautiful state!
    7
  13292. Hola from Central America. I'm fortunate, I only pay approximately $430.00 each, annually for my beachfront property taxes. I'm seeing more and more U.S. expats with yachts. The two main reasons, no property taxes, and tax write-off as a residential home. They travel the Atlantic and Pacific, wherever they drop anchor or dock is home.
    7
  13293. Love that place. Did it feel more ‘Southern’? Looks really nice.
    7
  13294. Texas is easy to evict. Called forcible entry and detainer lawsuit in JP court if the precinct where property is located. As a landlord I keep all utilities in my company's name, if someone trys squatting, I turn off the electric and water and lock them. Let them file a suit against me if they cannot pay rent.
    7
  13295. This was one of the dumbest ideas I've read about of late. I would agree that it was either not well thought out or it's intentional to try to make prices come down. Usually I argue with a lot of your content (but I do enjoy it). This time, couldn't agree more. The decision on this really doesn't make sense. . . I'm a mortgage lender FYI (I heard your comment about emailing you and didn't go to the about and email you on it yet). What I agree with is it's silly. I figured it out. . . If his voter base likes it it makes sense in advance of the election.
    7
  13296. I live in Chicago and I am not looking forward to winter, the taxes are high and I want to move to Miami Beach. But! What about hurricanes. Every year you risk losing everything. Is it worth it? I love the mid Beach area.
    7
  13297. Miami Beach, my home! Memories of hanging out @ Aventura Mall, shopping in Sunny Isles/Bal Harbour...ahh the memories. Been in Chicago for the past 20 years and ready to head back to Fl. Thanks for the video!
    7
  13298. Hi Michael, check out Santa Barbara when you come to California. The State beaches near Santa Barbara are awesome!. The weather is great even in the Summer with comfortable temperatures and no humidity. Downtown Santa Barbara on States Street has a lot going on with restaurant, bars and all kinds of boutique shops. If you like Spanish architecture, and beautiful Ocean sunsets with the mountains just north of the city, you'll love Santa Barbara. LA is only about a 2 hour drive away!
    7
  13299. 2023 will be the worst year for real estate....that is, until 2024
    7
  13300. 🌴🌴🌴 Hi 👋🏼 Mike and Lisi 😊. Watching your videos is so much better than watching any major news network. Feels like taking a walk with a friend talking about things of today 😊. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    7
  13301. Loving the tour through the beautiful state of Florida! ☀️
    7
  13302. I just locked in 5.5% fixed for 30 years on a D. R. Horton house under construction. They are buying down the rate & paying $10,000 of Closing Costs. 2450 square feet 4 bedroom 3 bathroom 2 car garage all brick single family house for $315,000. My Principal Interest Home Owners Insurance all included payment is $2130. 4: bedroom 3 full bathroom 2 car garage. My rent currently plus 2 storage units is $2,250. I need a tax write off. Interest on a home is a tax shelter. I Owned a townhouse here in Maryland from 1988 preconstruction interest rate was 10.5% FHA D. R. Horton FHA Mortgage 30 year fixed 4.99% interest rate.
    7
  13303. Amazon doubled their workforce between 2019 and now from 800k to 1.6mil. So that 10k they just laid off is just the beginning imo
    7
  13304. I bought my first home in 2006. then the bottom fell out. I was upside down and thought I made the biggest decision of my life. fast forward 17 years I currently have $500k equity in my home and refi'd @ 2.65%, now paying $1100 per month, comp rents in my area are $3000 per month. Should I have refi'd a 30 year loan? many would say no however I am betting that the money I saved per month will outgrow 2.65%. through moderate investing. with other investments and savings I should be able to payoff my mortgage in 3-5 years if I wish. yes the market is crazy right now but 5% rate is not a bad rate. I would try to buy, lock in that rate. rents will always go up but you'll find comfort in knowing what your payment is month to month. the 2.5% rate was a band-aid never meant to be sustainable to a healthy economy. those days are gone.
    7
  13305. The preference for frugal living is something I share. In Boca I owned my condo outright. Paid cash ($181k for the condo, $35k to renovate and furnish it). It was a one bedroom, 1.5 bath unit on the intracoastal with a 20x8’ wall of windows/sliders in the main area out to a huge balcony. My monthly expenses were $415 HOA fee $135 property taxes $85 cable + internet $50 mobile phone $90 car insurance $40 homeowners insurance (HOA covered building) $60 fuel $80 electric (averaged over a year) $350 food $200 dining out Total: $1505 If I didn’t own, the rent there would have been $1800, but then subtract the HOA and property taxes, so the incremental monthly cost would have been $1250, for a total of $2755 for a single guy living very well on the water. After that the only expenses are entertainment, clothes and toys like a trek bike, paddleboard, motorcycle and travel. But I sold out and now live overseas. Here in The Philippines I rent a condo and all my expenses short of travel and entertainment are about $1400/month. I could certainly live larger as I’m quite well off, but I doubt I’d be living better (you should see the women I date).
    7
  13306. Rates too low for so long, savers burned. rates need to go higher until they are above inflation rate. Real estate had it too good for too long
    7
  13307. Prepare for the worst, but hope for the best. Keep up the great work!
    7
  13308. Multiple families living in one home. Sometimes they need 2 families to buy.. pretty much normal for Los Angeles
    7
  13309. My son told me his friend out in California bought a vacant lot and lives out of his jeep on it.
    7
  13310. No one should use their house as a piggy bank
    7
  13311. I tell my wife all the time that the world economy needs a financial fallout to bring down prices. Life has gotten too expensive.
    7
  13312. Congrats on the 80K... 100K by the summer :)
    7
  13313. Really like your channel
    7
  13314. You should do videos for individual major cities predicting what will happen with their real estate market
    7
  13315. My husband and I have been to The Keys a half a dozen times. We love it but couldn’t afford to live there. Lately we’ve been going to the Destin/FWB area with our family. We also love it there. BEAUTIFUL beaches. My husband (and I) love to fish so we’re keeping our eye out for an affordable area that has great fishing.
    7
  13316. HAHAHAHAHAA, MIKE!!! “I’m not going to be walking through the hood just for some stupid YouTube video.” That line was hilarious and priceless! You were AWESOME today!!
    7
  13317. Yes no sunglasses
    7
  13318. Thanks for your perspective. I do think we will eventually hit a peak and prices will come down but I think that will take several years. I'm curious your perspective on the home owners insurance dilemma in Florida and how that may effect the market here. I'm fairly new to Florida and don't know a ton of people yet I've met two people who have been told they are about to have their insurance canceled (or already had it canceled) because their roof is over 10 years old. And both of these people cannot afford to replace their roofs...
    7
  13319. One of the dumbest ideas I ever heard of is renting clothes. I’m not talking about renting a tuxedo for a special event, but renting everyday clothes. “Rent-to-own” also strikes me as a scam to fleece the poor.
    7
  13320. People think they're going to rent 60 yr old 3/2's with a 40 yr old roof for $500/night or $6500/month in South FL forever. Reality is coming fast that paying $900k for what was a $350k house at 3-4% is not the same in a 6%+ environment. That stolen funny money PPP cash has to go somewhere though. "But South FL is different because of the NY money" - every housing cycle
    7
  13321. It takes real money to have a home in Miami Beach. The homes Michael showed us proves that.
    7
  13322. Michael you have fantastic parents! Your Mom is beautiful! Her heart is full of love for her children and it shows beautifully. She did a great job in this video! I enjoyed every second of it! Thank you both for this quality, honest and heartfelt video. Special thanks to your wonderful Mother! I'll see you over there in the next one. LOL An afterthought here- Mom's need to see there kids and you did good going to see her! You are a good person and it shows!
    7
  13323. I’ve lived in Miami, FL for my entire life Moving to Chicago soon…. I cannnooott wait to go over there :) Life here in Miami isn’t worth it anymore for me, it just gets hotter every year and it’s only going to get worse and with flooding getting worse as well every year, it’s only making the experience of living here downright ugly. The cost of living may be cheaper but it’s still bad for a multitude of reasons. With that, if you want something… only you can make it happen. If Florida is your place, go ahead and make that decision :) my opinion is my opinion, I can’t wait to experience all seasons, not sweat as soon as I walk out the door of my house everyday of the year… P.S. be careful going down to the keys in the summer, wear protective footwear at the Bach because you will burn your feet… like 1-2nd degree burns I speak from experience 😅 the water is also “pot on a gas stove hot”
    7
  13324. Please talk a bit about the condo scene....The" association" make the changes and understandably the "dues" go up every year ...let's not forget "special assessments". The bylaws are wrapped up like a mummy but its different strokes for different folks. Just keep this in mind when you think a condo would be so convenient.
    7
  13325. Love your videos! I found your channel because I have been scouting out everything Miami Beach related, specifically living in Miami Beach. I just turned 23 years old and I am set to graduate college in December with a Finance/Real Estate degree. Come the beginning of January, I am planning to just pack my car up and move to Miami Beach. Hearing your story (in a previous video), I too am coming from a town like yours (small town in Tennessee right outside of Memphis) where the winters are brutal and I can't see myself living long term. I visited Miami Beach for the first time in February and fell in love, the vibe of the city is in incredible and winter season is paradise (to me at least). I will be coming with no debt, 15k in my pocket, and the drive to work hard to make a way for myself. I plan on just finding a roommate at first through Facebook Miami Roommate groups or Craigslist while I try to find work in the Finance industry. I don't think I can get a place of my own without having a job first which is understandable. But anyone I love hearing that everything worked out for you and you are enjoying it!
    7
  13326. Visiting isn't the same as living. I found that out the hard way.
    7
  13327. Median home price in san diego county in 1999 was 238k. NOT 50k.
    7
  13328. Insurance makes no sense... I pay every month and what happens to all that money if I don't use it in 30 year's.
    7
  13329. I'm 64 and I plan on working for another 5 years or so, primarily because I enjoy my job. At that point, my wife and I will get between $75K-$80K/year in combined Social Security (in today's dollars, not counting future COLA increases). And even though we don't have huge retirement accounts (we didn't start as young as we wished we could have), we expect to have about $400K-$500K available when I do retire. I'm stepping up my dollar-cost averaging into the stock market right now while the values are down. Recessions are a great time to create wealth. Also, we have zero debt and over $1M in equity in our house. So selling the house would would be the plan should we need any long-term health care.
    7
  13330. How weird that I found your channel as were considering moving to florida....from rockford illinois
    7
  13331. That's me in the bushes at o:05
    7
  13332. Sounds like buying a condo isn’t worth it at all, if you are going to buy, get a house. personally I think renting is better than buying, a lot more freedom of movement, and in some cases it’s just flat out a better deal.
    7
  13333. I’m a Realtor in New Jersey and a family decision was just made.... we are moving to Florida in July! What is your recommendation for a licensing school considering they are only online? Great Vids BTW... always smashing the like.
    7
  13334. Run away insurance costs is why I left Florida in 2022. My car and home insurance was 6500 and rising. Add property taxes and we were up to 13000 per year
    7
  13335. Yes, Santa Rosa is part of the Bay Area. It's the North Bay. I grew up there . I lived there for 20 years
    7
  13336. Great vlog!!! You took your time filming everything so it didn't feel rushed. The paths you walked brought back great memories of being a kid in Puerto Rico. I want to be able to walk those trails again so bad. Man I can't wait for my trip next month!!
    7
  13337. Or you could just get completely out of the system like I did and build your own refrigerated truck box into a tiny home that's fully solar powered off grid for under $10,000 and have no rent and no mortgage. I mean if they want a weaponized the housing industry against us f*** them I don't need their overvalued stick frame and styrofoam garbage house. Instead I'm living in my homemade trailer that's way more efficient than a house and bought 20 acres of land to save my money and build my own dual wall vacuum insulated home grow a garden raise some animals be fully off-grid and self sufficient. I'm not sure if anyone's noticed lately but the Keynesian Marxist government and central banks have not only weaponized the housing industry they've also weaponized the currency the political system the school system ect.. they are guilty of treason.. opt out of the system stop funding them.. file exempt on taxes rack up your credit cards to buy physical gold and silver and get out of the broken Marxist system.. the only way any of this gets fixed number one we need hard sound physical intrinsic value money which is gold and silver with true price discovery model.. 2 we need to put the cap in capitalism that was never there.. 3 we need to get back to freedom and liberty free market capitalism protecting our Constitution and Bill of Rights. Without fixing these critical foundation you will be enslaved the rest of your life.
    7
  13338. Have you heard of or tried PPF? (Paint Protection Film), it's relatively inexpensive and protects the paint work against things like spray and, salt and stone chips. It's quite popular in here in the UK. https://www.youtube.com/watch?v=w5mk7FMETRY here's a link, I hope it helps.
    7
  13339. Great video! You need a summer home in California and winter home in Florida.
    7
  13340. Great video with great information
    7
  13341. My cousin lost everything in the Paradise fire no wonder they moved from the area
    7
  13342. Not purely related to real estate, but FWIW the sunlight where you are right now happens to be subtly different (brighter) from the way the sun is in other various areas, such as Miami, Dallas, NYC, Seattle, etc. It has something to do with the latitude-longitude of that part of the West Coast. It was noted by people in the film industry over 90 yrs ago. That's detectable when comparing your vids from FL (on clear days) with vids like this one. As for the politics in sections of the US (Ca included), they're totally ruining things.
    7
  13343. Life is a learning experience Just learn from your mistakes And don't make the same mistakes ever again When I was young I always Buying thing I don't need Now that I'm older I regret what I have done 😪 Shoulda save money 💰 And invest sooner Now I learn alot From a renter in 2000 To a landlord today All from hard work And smart invest 👍
    7
  13344. Sales are definitely down in my area, however inventory and new listings are also way down! And comp prices are still way UP!🤦🏻
    7
  13345. I like the videos on sunny days, but it would be ok to see things during the rain too, as that is also reality.
    7
  13346. Man, you are one of the best you tubers with real estate advice I have come across. I totally agree with most of what you say. I am looking for a Cash deal. Waiting for a little longer.
    7
  13347. That is one sweet ride brother! You took good care of her that's for sure. I love this video. Subscribed to you! Keep making more videos like this.
    7
  13348. Great job Michael 👍🏻House rental are outrageous 😮Thank you ❤️Love your videos 😊
    7
  13349. everything is rigged..right down to the brake pads on your car..
    7
  13350. You’re just paying for the name
    7
  13351. Boy your mom did great holding back her tears!! She knew if she started to tear up it she would not be able to stop crying talking about you leaving home. It really was a difficult time for her. But now as she said she couldn’t be more proud of you 👏 ❤️
    7
  13352. I live in London UK for 20 years but I am originally from Israel so I am used to be not welcomed anywhere anyways 🤣🤣🤣....love your channel man! Always real and to the point.
    7
  13353. When you live in a nice place (San Diego, Miami) you don’t fly- people fly to you
    7
  13354. For better or worse I've been through the real estate cycle too many times now and I've worked my way into being a cash buyer. You don't need a crystal ball for it.
    7
  13355. Nah, I am totally wishing housing continues to go up 30-100% a year. We'll be fine. Don't even worry about it it's barely an inconvenience. Said no one everyone..... That house you showed listed for 1.8 million, lets give it 5 years and list it for 20 million....... For 1.8 million, lets say you put 10% down, you're looking at of what at least 450k a year? Gonna need to be a family in the top 1.2% of income in usa to afford these houses..... I imagine that the majority of people who have bought in the last few months or the next 1-2 months are probably within the top 7-12% within their city/state. That doesn't seem particularly sustainable to have housing only affordable to the top 1/10 of families.....
    7
  13356. The institutional buyer has created a huge problem because it violates a basic rule of a real estate negotiation. An "Arms length transaction" keeps prices in check somewhat. Groups that speculate or the "Win some, lose some" deal making has made the picture of prices very blurry. Thanks Michael for the comment about renters renting from Joe & Susie instead of corporations. Good advice.
    7
  13357. I love your Florida YouTube channel love seeing the sights of Florida and I can never get tired of it as I plan to move to South Florida but not buying a condo by the ocean I'm definitely buying a house inland where it's cheaper thank you for this YouTube channel especially love watching it in the winter time when we have snow and ice and cold up here it's nice to see warm sunny Florida and you want to know something else it's been hot up here in New Jersey shore and it has been in South Florida and the summertime here it's 97° and then it's only 85 in Delray Beach that doesn't even make sense and yet in the winter time it's 0° here and Florida is 70 so that's why I want to move to Florida can't stand the winters and the snow and the ice and shoveling the snow putting down bags and bags of rocks salt so no one trips and falls on the ice I'm so sick of it and I'm sick of the super high property taxes last year's property taxes $24,000 it's way too much to pay so I'll be in Florida soon I already have 10 offers on my house and I didn't even put it up for sale just word of mouth anyway thanks again for your videos I would like to see videos of the retirement communities in South Florida
    7
  13358. Housing market will decline by 40-50%. Next 18 months.
    7
  13359. Those economists that write for the Real Estate Industry are hilarious. They aren’t going to be hard negative. It’s bad for business! LOL
    7
  13360. I'm an expat now living in Central America. I wonder why, when I visit in the U.S. I feel like I'm always being watched!
    7
  13361. Hi Michael, I enjoy the fact that you tell it like it is even though some people do not want to hear it, and especially the fact that you’re a real estate agent. I know so many agents want to tell you that it’s not that bad or it’s going to bounce back. I appreciate your reporting.
    7
  13362. Outstanding video, keep them coming.
    7
  13363. WTF Mike...been waiting for your Sunday vid for over 3 hours...😅
    7
  13364. One thing I learned the more things you accumulate the more miserable you become, you get paranoid and worst if you have debts to be paid.
    7
  13365. 🥇 hunker down for the weekend. 😆
    7
  13366. I love this video! These kinds of videos are great specially for us that we’re not living in the US. Must add that your English is so cool and simple to understand. 🙏🙏
    7
  13367. When I first left California I had absolutely no problem leaving family. However, I do understand that some people actually have good family's. Relocating is a mind trip, but everything gets better with time. After two years in a given location, you'll experience all the phases of culture shock. Then you'll begin to assimilate into the very things you found repulsive lol. It's all about having a good time and enjoying the experience wherever you go.
    7
  13368. Be glad you rent and don't own your unit. When all is said and done, it may become cost prohibitive to sustain the anticipated increased costs with respect to inspections, repairs, maintenance, and insurance. That will likely take a huge wallet. But it will be necessary to avert anything like this in the future. There are many environmental factors that advance the aging of these waterfront buildings well beyond the actual construction date. And lastly, can't get your mind off this? I still can't get my mind off of 9/11. I was there in law enforcement. Magnify the ruins that you see today exponentially. That's how I continue to remember ground zero. But you have a legitimate reason for your concerns. In retrospect, it's a good thing your toured the state. If I were you, I would be thinking about an eventual move to an area that's both desirable and cost effective. We all feel the pain of the survivors and the family members of those who lost their loved ones. I hope and pray that they eventually find some peace and closure. Stay well, physically and mentally!
    7
  13369. I am a remote worker because my employer chose to close do to cutting operations cost. So now I am stuck with paying rising energy cost and internet cost. No money has been given to us to offset the cost, as this is a Billion dollar Corporation, and they are still getting the tax breaks. Little do they know, there time is up for creating a business that supports an imbalance of wealth.
    7
  13370. I'm weighing the benefits of moving to Puerto Rico. There's always trade-offs
    7
  13371. 😎😎 Both of you are my daily emotional support in this sideline waiting. Thank you!
    7
  13372. This is about buying VOTES, not food or houses.
    7
  13373. FL is cheap compared to the average home price in CA. I can say living in CA, TX and FL TX was the cheapest for gas, utilities and food. FL is definitely the highest for utilities and groceries are much higher here than TX but FL is far cheaper here than CA except for utilities. CA is millions to buy oceanfront far far higher. Even inland in a small home is going to run between 650k-1 million
    7
  13374. Pronounced Dun-EE-din. We've lived here a long time. Too bad you weren't downtown on a Friday or Saturday night. It's hopping. A long lively strip of many restaurants, with live music everywhere. Perfect date night for young and for older, like us. And yes, parking is mostly free. To go to the beach, just drive north ten minutes to the Dunedin Causeway which leads to Honeymoon Island. One of the best beaches around. There's so much here, but ya kinda have to know where things are -- like forest bathing in Hammock Park, which is about five minutes north of downtown.
    7
  13375. I'm SO excited to find your channel!!!!!! I've lived in vortex hell Oregon and wanted to move for 20 years!!! NOONE understands how much I need the sunshine, heat, sand and surf...the weather here is sooo depressing and I miss out on life cause the weather doesn't allow me to do what I love..maybe a couple months a year but I need sunshine everyday🌞🌞🌞😉!!!I'm addicted to fitness and live for outdoor fun and the beach...Florida sounds like a dream!!!! Love your governor!! Our gov is a tyrannical evil nazi ugh. What would be the best city for a family to move to with a salary of approx 100k? Is there a realtor that you trust that you could refer me to? We're looking for some land close to beaches and fun attractions etc.. Is there an abundance of nursing jobs and construction? Would it be easy to start your own surfing business etc? Seems like there's endless opportunities there for entrepreneurs...so exciting!!! Sorry for all the questions just excited haha love your channel!! Ok back to bingewatching your vids😅😅😅🌞🌞🌞🌞✌✌
    7
  13376. Hidden costs of owning a mobile home and renting the lot: increases every year, “luxury tax” (seriously) insurance is more, roof leaks, washer poops out, air conditioning breaks, you pay for everything that goes wrong. Right, still cheaper than 1 bedrooms down the street 😖
    7
  13377. My husband is a motorcycle salesman and he said BMW just raised their rates from 5.89% to 8.59% for top tier borrowers (over 775 credit score).
    7
  13378. Seeing lots of 50 somethings working in stores and fast food now post early retirement.
    7
  13379. Michael I Totally agree with you about not having kids lol that lifestyle and having them is not for everyone and people shouldnt shame you for choosing not to have them either. They wont babysit them lol
    7
  13380. That first listing you posted is so common here in PHX. It’s horrible
    7
  13381. Isn’t it amazing how poorly shelter inflation is calculated? If their formulas properly factored in home prices this disaster would be much more clear to everyone. We really need a new method of tying housing prices and rents to inflation reports.
    7
  13382. I love Cocoa Beach, Florida Lived in Cocoa Beach. Also love Merritt Island, Florida
    7
  13383. When Michael needs to turn his heat on with his tank top and flip flops on the apocalypse is on
    7
  13384. I wonder what the student loan forgiveness recipients think about all of us who graduated, worked hard, and paid back our student loans. Wonder if they think they are better and more deserving than we? I've read about the students who took out loans they knew would be a problem for them when payments surfaced for those nice cars and great places they chose to live in while supposedly getting a college education.
    7
  13385. I just read that oreclosures jumped up in California and increased 22 percent in the first quarter compared to the same period a year ago. With higher costs, higher energy, insurance and taxes. Not to mention inflation and the ongoing higher jobless rates, lifting of government pandemic handouts and a banking crisis in a recession economy. Things aren’t looking good.
    7
  13386. This is why I hope the WFH revolution is here to stay. It's like an F U to the high barrier of owning a home in a HCOL and the high rents of greedy landlords. I still think cities have the appeal of dating, making friends, and career growth when you're young, but after you decide to settle down, moving somewhere with a LCOL or MCOL can help a lot.
    7
  13387. #1 new residents in Florida are from foreign Countries at over 115,000 people? holy sheep poop! That's weird, No wonder why some of the home flippers are sitting on their insane asking prices, they're waiting on a Foreign/Cali sucker.. people from NJ/NY have always moved there. My dad owned a big moving company in the 70's out of Jersey
    7
  13388. I had a mortgage forbearance because the mortgage company said they would just add it to the balance, and I knew I was selling in 2021, so I didn’t really care. My son and niece (2 different states) have been working from home since 2020. Their companies have not asked them to come back and have no need to. Their doing their jobs.
    7
  13389. I’m from Colombia and my husband is from New York. I haven’t seen people as rude as in New York. Actually my husband didn’t realize about it until we moved to Texas
    7
  13390. That sky over the water was amazing
    7
  13391. I'm sure many people who bought the last 2 years are overwhelmed and overleveraged by their mortgage. Only because of the fear and panic elements that realtors and mortgage brokers put on people. Legit telling people if they dont buy now they never will. We're at the beginning of another market shift. Nobody predicted correctly last April about rates. That should tell you something.
    7
  13392. Come on guys...let make 7k subscriptions a reality.
    7
  13393. Please make a video explaining how peoples property rights are being encroached and government interfering with natural market conditions, as it relates to purchasing them home and deciding to rent it on a short-term basis in areas that warrant that. And please also in that video explain to them how rental arbitration is not good and that should be something scrutinize and it’s totally different from somebody owning a home and deciding to rent it out on the short-term basis.
    7
  13394. Thank you. So much true in your words. It’s coming people, the Great Depression probably will be nothing compared to what’s coming :(
    7
  13395. That toyota headquarters i think closed and they moved it to another state. Benefits of CA being anti-business
    7
  13396. a good place to see young, hot dudes on boxers shorts walking on the beach...
    7
  13397. Michael, you're what the doctor had ordered, the cure for the Monday's blues.
    7
  13398. 1st thought was - hope Michael is alright- This has to be jarring for you and many others, thx for update!
    7
  13399. The weather is so perfect 7 months of the year in FL. that it's worth it , Summer sucks with the humidity your'e right, but the other months are way better than when I lived in MI. where 28 days a month were gray cloudy depressing.
    7
  13400. Layoffs>hysteria>ubi socialism
    7
  13401. Foreclosure. Flattened. Luxury condo area. Happen all the time. 😖
    7
  13402. I really appreciate what you’ve said . Being honest with myself is the key to the “why” I want to move to FL. I miss the beach . Business wise, it’s a great move there. But I want to plan it properly. You have really helped me in my decisions to be made . THANK YOU❤️✅
    7
  13403. Wow didn’t know you were in town! Looking at the ocean from my balcony as I’m watching this, and headed to eden gardens state park later 😃 sorry you didn’t get the best beach weather though! I’m sure being in pcb can be kind of underwhelming when coming from Miami 😂 also gotta say though, that traffic you were in was very light compared to an average summer day. Took me 46 minutes to drive 9 miles last week! It gets insane. This city is definitely not built for the amount of people that come.
    7
  13404. Do you think Hurricane Ian may have skewed the numbers for SW Florida?
    7
  13405. If you cant afford where you live, you cant afford where you live, move...400k median house? You need to leave the area.
    7
  13406. I suspect that home equity line is what made so many people not work in the last couple years. Many long time residents of California bought their home decades ago (or their parents handed the home down to them) when it was $200k to $300k. In the last 2 years, their home went up to $1 million or more. So, they just use it as an ATM machine. One guy I know took advantage of a new law in California that allows people to convert their garage into rental units. He converted his elderly father's garage into 2 units and charge $2,500 each. That is $5,000 in income each month for not working. Some people are so lucky!
    7
  13407. Buy some Bitcoin. Transfer your economic energy out of the fiat slavery system and into a fair and equitable monetary system which is Bitcoin.
    7
  13408. I can never share my place with anyone. It is my personality 😂
    7
  13409. You provide surprisingly good information. Good video.
    7
  13410. True a recession is needed 100%
    7
  13411. Nice job man! You are spot on and deliver a smooth presentation.
    7
  13412. That's a flat out LIE that the GOV is having them say! We work more and do more by working Remote.
    7
  13413. Hey Michael, Yes, I can confirm that in the Summertime, the water in the Gulf is just like bathtub water & I love it!!! So glad that you are checking out the Gulf side of Florida & the more peaceful beach experiences which is what my preference is.... I rather bask in the wonder of nature compared to basking in the noise & busyness of the crowds when I want a relaxing beach experience to unwind & refocus.
    7
  13414. I pay around $2200 a year to insure 2 home with a combined value of roughly 100k here in Ohio. I've been wanting to move to Daytona but my buddy is paying 6k a year for 2 homes there and his insurance just dropped him
    7
  13415. I have just read that 1 out of 140 people in China are classified as "defaulters" and have been punished via the social credit system.
    7
  13416. But where? South florida market still increasing high
    7
  13417. Prior to 2021 an article cane out saying 70000 people are moving to Florida every year. I think thats why they are building like crazy.
    7
  13418. Always love seeing Lissi in the videos. She has a beautiful smile.
    7
  13419. California has great weather. I live in Orange County. We’re leaving! Between me and my wife, we gross between 300-400k+ annually. We recently sold our home and currently exploring different states to move to. Dallas TX is our next visit in a few weeks. I luv FL and would move to Jacksonville (St.Johns) but its too far for my wife. We can’t afford it Orange County! making roughly 400k with one child and a dog unless you want a blown out house payment. Northern California around Rocklin is much cheaper so will check that area out as well but the politics are so wild here so thats concerning.
    7
  13420. But rent is over the roof ..
    7
  13421. Is the beach in front of the big buildings public access there? Never thought about bal harbour, but after this walking tour, it looks more interesting. I haven’t been to bal Harbour shops in probably 8 years! It’s always nice to walk around there. Cool video, thanks!
    7
  13422. The guy walking behind you almost got ran over. He had to run 😅
    7
  13423. Awesome! Pretty cool it is a skill you have kept up with and still have a passion for. I think you are one of the few that would appreciate this, but the first full song I learned to play on the guitar was Seek and Destroy, lol. Can't play it now, wish I would have kept up with it. Thanks for sharing your gear.
    7
  13424. Strong Men Make Good Times. Good Times Make Weak Men. Weak Men Make Hard Times. Hard Times Make Strong Men. Right now we have WEAK MEN making HARD TIMES.
    7
  13425. Yes! Michael I’m getting unbelievable offers on my house right now (so is my father-in-law‘s house) and our homes are not even on the market. I’m tempted to sell but then I don’t know where we would go Lol
    7
  13426. Michael, welcome to beautiful California! If you decide to come down to Newport Beach, let me know. I own a house on the water down here and would love to show you around and debunk some of the myths about California. We can host a Housing Crash SoCal meetup at my house. 🙂 Orange County is totally different from the rest of California. Very conservative but fun at the same time. You would love it here.
    7
  13427. I've gone to Sanibel and stayed for a few days at one of those small resorts. The thing I liked about it was that it felt like you weren't going to be mobbed by daytrippers & tourists... you felt like a local. Sanibel is also a looooong way away from I-75. Between that, the limited (or ridiculously high priced) parking, and the lack of amenities, it keeps things quiet & chill. I really don't think they want a lot of tourism here. And, the evening biting insects (no-see-ums) are BRUTAL. I had painful bites last for more than 6 weeks.
    7
  13428. Who wants to buy now and be under water later?
    7
  13429. Michael sir!! You can’t make everyone happy! Do you sir and i enjoy your videos!Love the content 💯👍🏻
    7
  13430. I like both channels and I subscribe to Travis. Love the collaboration.
    7
  13431. I don't understand how people can qualify for not having to pay rent right now. Businesses should be open across the country. Around here companies are advertising like never before that they are hiring, many even offering bonus $. Strange times.
    7
  13432. Thanks Michael for the information you gave out!! It will be very valuable to someone!!
    7
  13433. This is great. U should do more of these. And hey what’s the brand of the dash cam u using please?
    7
  13434. The forecast for 2023 is it's going be really horrible 😫
    7
  13435. I thought I would like to live there till I watched Live PD
    7
  13436. Big fan! Definitely keep your current style and content! My husband and I watch you every day :) You bring up very interesting information. We are up north so it's really interesting to see what's going on in the Florida housing market.
    7
  13437. If New Yorkers are so smart why is Florida doing better than New York right now?
    7
  13438. I'm so used to burn a used vehicle. I've never bought a brand new kit call. Never will. I don't mind the complements 700 a month. No, thank you, and that's before car insurance. No, thank you. I buy a vehicle. It lasts me for 15 years as I take good care of it. Light my camera Van right now.
    7
  13439. Loved the opening joke. Having grown up in Miami-Dade it's absolutely insane the current values. Miami-Dade also has perhaps the highest home real estate taxes in Florida, so what do the taxpayers get in return. Love Miami, went to LaSalle High School, Miami Dade College for undergrad and University of Miami for grad school. Most of my family still live there but I just don't see the appeal in living there anymore. Many other great places in FL offer low traffic, taxes, cleaner environment and excellent government services. Love listening to your analysis but in a free market it's not the governments job to control energy prices. Last time we had a massive cold snap like the one we had last week was in the early 90's. Perhaps the answer is to break up the CONUS so the Washington crime syndicate can no longer have so much control with mandates and regulation. What do you all think?
    7
  13440. 90 day comps are irrelevant here in Sarasota. We are down 15% from the peak. Take the best comp, subtract 15% and that's likely what the market will bring.
    7
  13441. I think a lot of us are ready to start over somehwere new. I say go for it!
    7
  13442. I love that area!! Very laidback feeling, and you get those beautiful gulf coast sunsets!!
    7
  13443. So true ... my friends from Florida told me about it and i couldn’t believe that someone would disrespect their clients like that.. as you said, they just never even showed up to the appointment
    7
  13444. Electricity is the most expensive type of energy. One should only use electricity when it is inconvenient or dangerous to use fossil fuel. Using electricity for heating (food or whatever) instead of natural gas is a waste except for some special situations. Donkeys at power force new households to do that just because they are ignorant and incompetent.
    7
  13445. With BRICS and our currency depreciation I think I agree that RRE will stay flat for a long time then head back up. Sadly we have a big homeless problem coming. I agree with your assessment,
    7
  13446. Property Taxes is controlling Home prices! Now in San Antonio your Tax assessor says what your House is worth and if you fight it good luck!
    7
  13447. I have two cards with balances due to medical bills but it was cheaper in the long run and paid off within a year than having them go to collections. I also bought tickets to Graceland hotel and tour. All on credit for points and cash back. However I paid that off within the 30 days of the booking at zero interest with my small bonus at work.
    7
  13448. I've been watching home "asking prices" dropping all over FL.. Inventory is increasing daily.. All those people who got into bidding wars, paid well over asking price are Suckers.. Inflation climbing, insane high fuel and soon 7% or higher interest, here come the Foreclosures and Short Sales!! Yes, I'm waiting it out, Cash is king!!
    7
  13449. Thank you for taking us along on your Vacation !....That meal was almost the price of a room, lol.....Looking forward to the next vacation stop video.....Godspeed..
    7
  13450. Great insight and great questions ! Been following you since before my move and I’m 7months into being a Miami resident and love it ! Appreciate what you do bro , keep it coming !
    7
  13451. 3300 HOA😂😂😂😂😂😂 that's bananas rtd
    7
  13452. It’s nice there isn’t much traffic. In California on weekends highway 1 from San Francisco to Monterey is jam packed especially at Half Moon Bay and Santa Cruz. There’s a lot of car and motorcycle accidents there. So at least your not dealing with bumper to bumper for this drive in your video
    7
  13453. “ you want marriage problems this is a great way to get them started”👈🏽😂
    7
  13454. My firm is calling 90% of people back to office 4 days a week. My department is the exception, our productivity and needing to be available at a whims notice provided us an exception, we remain full remote. To be fair, my work agreement notes that its a fully remote role. However, I have plenty of recruiters and potential offers for full remote roles being offered or pitched on LinkedIn. If my company were to pull a full reversal, despite my work agreement noting that it is a remote role, I would look to move on. Anybody who does not want to be in the office, even 1 day a week, should look for a different job. Despite all these big companies calling people back, because you know, have to keep that commercial real estate alive, there are STILL plenty of companies hiring for full remote. The businesses that cry about remote work killing traffic and their income/business should adapt or die. Isn't that what capitalism is about? People love to throw the term around when it suits them but leave it on the bench when it does not.
    7
  13455. They’ll sell at a bigger ‘reduction’ if they get lucky !! and always look up the listing history when you’re buying. If I saw something listed for anything over three months that goes up and wanted it, I’d only give less than original listing amount.
    7
  13456. Great video!! We moved to Ormond 2 weeks ago from Texas. Love it.
    7
  13457. My dad told me that from 1995 to 2002 housing cost in CA was still afford and with some jobs back then and now the pay isn't really that much more. His pay isn't that much more now. I researched my job from those years and it wasn't that more getting paid now. So how is the rise of housing and salary really increase. Who can afford it? He brought some investment property 1995 to 2002. When he heard Michael Burry predict the 2008 crash he sold all his properties and doubled on all of them. He also told me that you could buy a house during that time for $275k to $375k a decent home in a safe neighborhood. Not anymore he told me. He hit a gold mine back then. The thing is no one knows when the crash will happen and what the cause will be.
    7
  13458. Thank you mixing up your format and starting this timely conversation. Keep up the good work!
    7
  13459. Your channel is very balanced and informative
    7
  13460. Michael, thank you for showing us a diversity of neighborhoods. It really provides a great perspective on how people are living there in the Miami area.
    7
  13461. Lovely couple living the fullest💗
    7
  13462. I am asking this as a genuine question, I am still trying to understand all of this and what it means, but what would stop the FED from printing more money in the event of the FDIC not having enough to cover our insured money? Wasn't there already a bailout of some kind when Silicon Valley went under? Thanks!
    7
  13463. I think the economy is all about selling emotions. Thanks for showing where the bar really is.
    7
  13464. Remote work is here to stay, like it or not, that’s a fact!
    7
  13465. Bravo to Florida... 👏 👏 👏
    7
  13466. Michael, There are only two things that are really important in Life, your Word and your Courage.........I was blessed with a wonderful Family, my Father told me this " Satisfy your Needs have very few Wants , and that is the secret of Contentment and "contenment is the secret of Life".....In the end we take our memories to the grave; not our things......Lastly, ATTITUDE is everything !!......I hope this helps !.........Godspeed.........
    7
  13467. Isn't Joe Biden going to pay everyone's student loans? 😂
    7
  13468. if i could give this video 20,000 thumbs up, i would. my family and i are looking to move to florida within the next five years or so. next summer we plan on vacationing there to get a feel for the area. your videos have been so helpful and informative. keep them coming :) this video pretty much confirmed my decision to move from the gloomy midwest to beautiful florida ☀️
    7
  13469. Hi Michael. I’m a realtor in Georgia. For years here, some firms have been charging buyers the buyer side commissions. I found it very odd back then, but it might become the norm for buyers agents if this lawsuit prevails. I heard about this suit years ago but had no idea that it was still a thing.
    7
  13470. The biggest problem facing the real estate market is the fact that investors are buying homes to solely Airbnb, as long as people are paying those outrageous prices to stay in a home for a week it’s not going to stop the market from going higher. Homes are like buying a business and the numbers are still good even at today’s inflated home prices. Problem is this is hurting the people that want to buy a home to just live in and unless they put some kind of regulations in place to stop this than the problem isn’t going away.
    7
  13471. What the scamers do is take advantage of people with bad credit knowing that a lot of them don't have bank accounts and they often advertise as "bad credit no problem" and many times its almost to good to be true but then they get the people excited and ask for first and last month or first and security deposit and people call all day long and so many people rush to put a deposit down. It's a shame that the most vulnerable are taken advantage of but wealthy people are usually smarter with their money 💰
    7
  13472. Wow, to learn so many F.A.T ( Facebook, Amazon, Twitter) Mid MGMT & upper level ppl are needing emotional help is just heartbreaking, Perhaps Karma really is a thing to consider when your company is judgmental, biased & greedy.
    7
  13473. I too notice that there are more phishing attempts on the phone nowadays.
    7
  13474. Great video. That's exactly where I am at too. The best we can do is research and minimize risk as much as possible. I find during this time in the world, the instability, chaos etc. makes it even harder to make decisions, at least for me. I probably take more risks than most (and I've paid for it lol) people because I truly believe in the end we will regret what we didn't do more than we will regret what we did do. To me it also sounds like you have loved where you live and there is so much you still love but you're just moving into a new phase of life or desire a different lifestyle. That makes it even harder to move when you don't hate where you live. I love love love so much about where I live now but struggle with dark, long winters (seasonal depression is real and it sucks). I've been living in the Pacific Northwest in a red state (which is a must for me nowadays) for a few years now. It will be interesting to follow you on this adventure, good luck to you two!
    7
  13475. They won't get back much of any bonuses. When people don't have the money you cannot get blood from a stone.
    7
  13476. I make $140,000 a year and I can't afford any decent area in Florida.
    7
  13477. For the algorithm. Prices up at Walmart for food. Bag salad on Sunday $1.98 today $2.18.
    7
  13478. The inventory in Las Vegas is increasing daily. Lots of price reductions but I think most homes are still way over priced.
    7
  13479. Interesting article from Newsweek on mostly Silicon Valley & NO CA drop in RE prices: “California’s Housing Market is Collapsing”
    7
  13480. Hey Michael. I'm 43 so that was a real true "Time Capsule". Nice unit w/ a view. My plans for Ft. Lauderdale move have been pushed to September. I just got a job today at our Home Depot😁. It will enable me save at least $3,000 more to move with.Thanks Mike.
    7
  13481. I am still planning on snowbirding but plan to stay mid state. Near Disney seems very stable. Thanks for all you do and lm praying for all those who have been effected by Ian. 🙏
    7
  13482. Truth brings light, light brings knowledge, and knowledge is power and helps you make better decisions. Michael don't change ONE THING.
    7
  13483. Great video! I just shared your channel yesterday with a friend who just gave up on homeownership, for all the reasons you list here. I would add, the condo fee is not like total protection. You can still be on the hook for a $4000 AC/heat-pump, or a plumbing repair, or appliances that break. The only total protection plan is "rent", rent a place and your money and bathroom privileges are safe.
    7
  13484. You have a lot to lose. you need to vacation more in the place that you want to live to make sure you're willing to take that leap of faith.
    7
  13485. The real estate market is OUT OF CONTROL! Rents are being greedily upped $200, $300 and $400 a pop. My son's rent went up $500, my daughter's went up $300. These are just small apartments. It's just so terrible how flooded the market is by greed. House prices are absolutely ridiculous. The house you just showed us for 1.5 million is NOT worth that much money. It's all illogical. When is this madness going to end so honorable, humble people can buy the house of their dreams?
    7
  13486. Love Italian families. I am Brazilian/Italian/Japanese/Spanish mix. Roses are red, violets are blue, when a Italian cry, we Italians cry too.
    7
  13487. I love your channel Mike but the root cause isn’t lazy people - it’s corporate greed AND corporations not willing to provide a living wage. Much of the issues we face in the US is because there are limited or no protections for the employee or consumers. And it will perpetuate due to corporate welfare.
    7
  13488. Done with agents, just sending preliminary offers to listing agent now. It's MUCH BETTER!
    7
  13489. Welcome to L.A.! Yeah, beaches are the places to be during hotter days. Just staying a mile inland can be a ten degree jump, sometimes even more if the marine layer is thick along the coast. I’m in Long Beach, currently considering buying retirement property in Cocoa Beach, FL. I’m a little worried when a house has a 10/10 flood rating, though. Most properties are already under contract before I can get out to the east to take a proper look. I began looking prior to March 2020, my feeling is that I may just have to stay a California beach bum rather than a Florida beach bum for a while longer!
    7
  13490. Let's go 12% - 15% interest rates!! We need them to get these home values down SIGNIFICANTLY!
    7
  13491. First!
    7
  13492. I bet the Panhandle is going to be the next happening place in Florida. 😊 I have been through Ocala, beautiful horse country, maybe I would do well there as I love country music😊
    7
  13493. A deal should always have cash flow Right? Why would you have cash loss? Cash is king and betting on appreciation is just wrong.
    7
  13494. Lived in California (LA and Santa Barbara) for 6/7 years. It is arguably the most beautiful state and absolutely has the best weather. Awesome communities, opportunities, and culture in lot of areas as well. Unfortunately the state is managed so poorly, and it has gotten so expensive and unfriendly to business, that it’s a tough place to make it. Once you’re set for life, it would be a great place to kick it. But while you’re still striving, there are better places to be. And I come from Boston, incredibly expensive and deep blue politically, but still pales in comparison to California’s problems
    7
  13495. We even allow foriegners to own usa stocks..bonds..real estate..this country is gone
    7
  13496. Working out your numbers on a spreadsheet is beneficial to concretely understand your financial situation and capability. I always say, don't make decisions based on fear and emotions, make decisions based on numbers.
    7
  13497. Here's some reality for anyone interested. Ask yourself whether people are earning more than pre pandemic and how much extra they are facing with interest rate costs and cost of living. Exactly what justifies house prices higher than the start of 2020? If we take the basic metric of 35% of a households income is allocated to mortgage serviceability and interest rates have doubled.... then people can only afford to buy half the house (roughly). What will have to happen is 1) Inflation leads to higher household income in excess of other non mortgage cost pressures and 2) Interest rates decrease. Given the risk in the economy or worsening job security that also needs to be factored in. A combination of 1 & 2 is the most likely outcome and that could take a few years at least. Don't jump in on a bear rally. Estate agents only want the sale, they don't bear the consequences. Just hold the line until the market turns, you should be able to see it just like after the GFC.
    7
  13498. How about the massive increase in condo listings due to SB 4 D ? They are certainly clouding the numbers in terms of availability, they are going to be listed for a long,long time. 😢😢😢😢😢😢
    7
  13499. When I am ready real estate will have corrected itself. It is way over priced right now and it is just a matter of time before it comes crashing down. Anyway there is always affordable housing more inland in Florida. You can always find something affordable. It may not be exactly where you want but you can always find something.
    7
  13500. Holy round garage door 4:50 Gotta love the walks.. never know what you'll see!
    7
  13501. Thank you for all you do!
    7
  13502. Ur videos r awesome dude ... Watching this from NWI 30 min from Chicago I hate the cold , family is holding me back from moving there... hoping one day to move in warm state Fl or California, love being outside
    7
  13503. There shouldn’t be a tax on the residential properties.
    7
  13504. The general public is going to end up getting screwed trying to save a few crumbs. I seen plenty of their do-it-yourself home remodeling. I couldn't imaging their DIY real estate transactions.
    7
  13505. Ok prequalified for 350k means that in actuality you should be spending 275k or below…
    7
  13506. It's going to wind up being a bad investment for any buyer to go into a ocean front condo even if they pay cash as when they go to sell the buying pool will be lower. So now the question is will the condo market fall first and fast if buyers can't buy them with loans? Sellers will have to dump properties once again. Keep us informed! Thanks I praise you for being honest - not like other's!!!
    7
  13507. Ooph! A sore spot for me. I just have never had a good relationship with a real estate agent. Two main reasons, they are undependable, and they do not stay on top of things, I'm the one who has to initiate all the calls. For as big as the commission is, that's just B.S. I dread having to go through the process ever again.
    7
  13508. Today Joe gave up.. finally. New holiday called... Toldyaso Day?
    7
  13509. Falling rents and increasing mortgages is an easy recipe for homes dropping.
    7
  13510. great video! 100% agreed!
    7
  13511. #3 I think St Augustine is 4 hot months compared to 7 months Miami
    7
  13512. As a Gen Z myself (born 1997). I agree Michael, While there are some Gen Z who are that way, the only thing that makes it a little easier for me (economically) is being an Air Force Veteran and Car mechanic with an Associates, and being single my whole life. Oh And I lived in 5 states. (CA, AZ, AR, TX, FL).
    7
  13513. You're right, not only does opendoor deserve to fail but also redfin and zillow despite their information. They had their uses at one time but there are now many alternatives out there to use and now we can turn our backs to them. Wouldn't use them except maybe to see what their rent range is before buying, but their data must be taken with a grain of salt. No tears will be shed if they're gone. Opendoor's stock is a $1.26 as of now and it isn't cheap enough.
    7
  13514. Very interesting Michael. On the current track, south and coastal Florida (Atlantic and gulf) will be the exclusive realm of the extremely affluent (domestic and foreign) and institutional investors. Middle income people will simply be pushed out of those areas as property taxes, insurance, other fees, and home prices will simply be untenable. Well done sir 👍
    7
  13515. Rule number one. Savvy investors make their money on their purchase. Nothing has changed with this rule. Yet here we are again where speculation meets stupid in equal parts.
    7
  13516. A few things are wrong with respect to the eviction ban in California. First, the state ended its eviction ban on June 30, 2022. Second, any extensions are city by city or county by county. San Francisco City extended its eviction ban until June 30, 2023. Many counties/cities did not go beyond the state eviction ban.
    7
  13517. I bought my condo in 2010 my hourly rate of pay was $20 an hour. At that time lots of real estate was for sale. Interest rates were were at 4%.. I put 5% down at 4% on $100,000 for 25 years. At that time I was told I was making a mistake was better off to wait to purchase or to rent. I refuse to listen to either one of those options. If you're able to afford to purchase at today's real estate and mortgage rates I suggest that you do it you won't regret it
    7
  13518. I was just recently researching Tallahassee and Ocala. 🤔
    7
  13519. The Federal Reserve met on 12/15 and left interest rates (the Federal Funds Rate) at 0.25%. The experts anticipate two to three rate hikes in 2022 and three to four rate hikes in 2023 increasing the Federal Funds Rate from the current 0.25% to 2.25%. But a lot can change over that period, and I'd be surprised if the rate is increased that much. Not good for current bond holders or buyers needing a mortgage or HELOC. Good for banks and CD investors, but there is considerable lag time before rate hikes lead to higher CD rates. Historically, rate hikes have tended to cool the stock market and slow down inflation.
    7
  13520. Will homeowners insurance included in this "plan"? This doesn't pass the smell test. If it sounds too good to be true...we'll you know the answer.😮
    7
  13521. I hope one day you will do a show with Walks & Wall Street 😊
    7
  13522. I will be in Panama City Beach from the 9th to the 12th, then I'm making the journey down to Sanibel Island to see why it was named by Southern Living magazine as the best beach town 2021.. Tallahassee looks really laid back. Good job!
    7
  13523. 3 years remote. I keep getting hit up from recruiters for more remote jobs
    7
  13524. Banning foreign homebuyers in Ontario, Canada, is a good move. The market has become unaffordable for the locals. But once the ban is removed, the 25% tax for foreign homebuyers will do little. People don’t realize how much money these foreign buyers have.
    7
  13525. Housing Market sucks. There may be more inventory next year but they’ll be way overpriced.
    7
  13526. I am the opposite side of the spectrum lol I am planning to move out of Florida and move to New York but I will miss the mild winters, won't miss the summers.
    7
  13527. Scientists also believe by 2050 we'll achieve immortality so you'll just have to move to a different part of Florida ig lol
    7
  13528. I'm in Lakeland, we are gonna get hit hard. Flooding and trees down are a real threat.
    7
  13529. I will say, my husband and I was able to acquire a beautiful 2300 sq ft property around February of this year. We acquired it for under 200,000 and we where able to get closing cost added. Plus most of the mirror repairs we asked for were fixed. Our rate is 5.5% and we only pay 122.00 more for a mortgage then we were paying for our previous rent. Unfortunately, the couple who own the home previously got divorced and they were really motivated to sell. Houses in this area was selling for 269,000 a few cost 400,000. We were the first people to look at the house and we put a offer in and they accepted right away. We had all inspections done, the house was perfect. We thank God for helping us find something affordable and a decent interest rate. Hope everyone else finds something also. Everyone deserves a home to call their own if they want one.
    7
  13530. In Sweden the construction market is in the start of a free fall. With a lot of lay-offs!
    7
  13531. Hey Michael, Location is great. Unfortunately without parking or pool and no view and a high maintenance it's a negative. Nice deco building but no character left inside. Also the 2 burners and no oven is an issue.
    7
  13532. Great content, almost like a virtual open house but not actually inside the homes. I enjoyed it🔥 this is why I can’t see myself leaving Florida 🤦🏽‍♂️
    7
  13533. I'm in Boca Raton, you basically can't find a 1800-2000 SQ FT house for under 800K, there may be a few, but generally speaking. I feel like places like Boca, Jupiter, Palm Beach Gardens, Wellington, Naples, Marco Island are "un crash able" if that makes sense.
    7
  13534. A lower interest rate is obviously preferable, but in my years of investing in real estate, I have never cared about the eventual interest rate I got. I only ever cared about the purchase price and as a result, I had interest rates exceeding 10% on some properties, but I got them so cheap. It didn’t matter. Another benefit of those high interest rates was it gave me every incentive to not buy a five dollar cup of coffee when I could throw that extra money at the end of the month at the highest interest rate, mortgage, and while may be throwing an extra few hundred dollars at a mortgage that is $100,000 Doesn’t seem to make a dent, if you are saving 10% or 12% interest on that extra $300 every month, that is like getting a 10% to 12% return in the stock market or in any other investment. No matter the size of the mortgage. I have always made every effort to pay them all off in less than 10 years and the overall savings even though the interest rates are high are phenomenal and then as a result, I have a fully paid for property that I bought at an amazing price each time.
    7
  13535. Loving the ocean sounds omg!! Here in Michigan it’s 19 degrees. 😭 I’m CRAVING a week vacation to FL ASAP. Thank you for posting this! I needed to see some sun and sand! 🎉🏝🌞
    7
  13536. House prices too high!
    7
  13537. Great informative information Michael. I was down around your way in that tropical storm. It rain 🌧 allllllllll day. Stay dry. 😃👍🏾💯
    7
  13538. 700 more houses than two months ago I have not seen this level in two years at any point.
    7
  13539. This is EXACTLY how I am feeling these days.
    7
  13540. Michael, since we literally live in a swamp ... you constantly have to be fighting nature from taking over. Hence the constant landscaping noise ALL OVER South Florida. I've also recently seen "new" reptiles that I've never seen here before. Must be our South American friends bringing in new residents. 53 year resident of South Florida here.
    7
  13541. My mother passed last yr. Surprisingly she left me half of her condo, right on the beach, in Vero Beach. I just rec'd paperwork stating that there is a cash offer only 40k below asking and they want to close 12/20. There is a realtors assessment of the offer and I could have sworn u wrote it. (Right on the money.) After looking at the pics (old, run down) on the market way past expiration date etc. I called my lawyer, we discussed it and basically the conclusion is "jump right on this offer". I feel so right making this decision. Thanks 💲🦃
    7
  13542. I am not sure but I would guestimate that property values in many Florida areas have jumped 50% - 100% or more in the last 4 years. One developer down here called Spanish Lakes was advertising sub 100k houses aprox 5 years sgo but now are advertising 260+k. A 3% reduction is meaningless to correct that kind of extremely rapid unjustified price inflation. There is going to need to be a very substantial decrease that returns housing back to somewhere closer to where it was 4 years ago. Hopefully the 3% is just the breaking point
    7
  13543. That stock for home purchase opinion is so right on. It is for the stupid almost like getting a reverse mortgage and running out of RM money.
    7
  13544. You forgot to mention the cellular phone bill. Sheesh. Every turn there is a choice.
    7
  13545. Around here (North GA) new construction (planned and in progress) is primarily $400k+ single family homes or MULTI-FAMILY HOUSING. There are NOT a ton of new developments within commuting distance to larger population centers (Atlanta, Athens, Augusta, etc.) that have "starter homes" under $300k. Even resale starter homes in the ATL metro area counties are primarily over $350k now. And ATL area has absolutely unaffordable rental rates within the last year - avg rent in Atlanta metro is $1800+, $2100+ INSIDE the ATL city limits. It's insane, and it's unsustainable.
    7
  13546. Unless you absolutely need to purchase a home in 2024 do your best to hold off. I feel exactly like I did in 2007-2008 before the bottom dropped out.
    7
  13547. 🌸 thanks so much for the Villages Video. I've heard so much about it but i haven't been able to visit. It looks like a great place to relax, meet friends, have an active lifestyle and enjoy the Florida sunshine. That would be a great place to visit. 🌺
    7
  13548. This is the kind of thing you must go to Don Corleone for justice.
    7
  13549. I think housing is going to remain relatively flat where it's at right now until unemployment ticks up. Although, the student loan payments kicking back in may cause a spike in delinquency and have some effect on housing. I still don't think we will see the real reset/correction until unemployment goes up another percentage point and the Fed needs to go up another point as well.
    7
  13550. Down payments will be reduced to 0% soon. I’ve been developing and investing in real estate since 2000, and mortgage companies are cyclical in what they offer as far as programs. Pull out a Scotsman’s Guide and you can see the direct lenders are already desperate for business. By this time next year we will be at 95-105% LTC again just like before. Hopefully this crash happens very soon, and it’s primed to be much much bigger than ‘07/‘08. It’s going to catch 99% of the newbie investors off guard. I love this channel, as he knows what’s up.
    7
  13551. Hi Michael, great video! A neighbor of mine was getting calls from people wanting to rent her condo. She wasn’t renting it out cause she lived in it. She found out that someone used her info on Craigslist and was asking for $500- to show it to them. She reported it to the police but I don’t know if they found the scammer. There so many ways these scammers get away with stuff. Thanks for bringing attention to what scammers are up to! 😊
    7
  13552. My wife and I visited Pensacola last year and loved it. Very laid-back. It has a lot of Veterans there, being a Veteran myself I like that. We are empty nesters and will likely be moving to Florida next year.
    7
  13553. The only way to get a 30% pay increase that I can think of is to get a new job, and that comes with unstability since you're now the bottom of the totum pole at that company and then first to be let go if anything changes
    7
  13554. Thanks for all your information
    7
  13555. Sometimes I think they post those properties for sale/rent super expensive knowing they won’t sell it or rent, so it can be a tax write off
    7
  13556. Great information! Keep it up...really enjoy them all
    7
  13557. Hey Michael How’s life treating you and Lisi ?? I’m very impressed how much information you bring to us. Like I said the other day; I believe you will get to 150,K subscribers within 6 months from now. Keep on keeping on my friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    7
  13558. Not a great option for someone on a fixed income. No wonder so many are moving to Mexico.
    7
  13559. Just closed on the sale of my condo yesterday.I feel like I got out by the skin of my teeth
    7
  13560. There are some amazing manufactured homes out there. I would love to put one on my one acre lot behind my house. Thank you Michael. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    7
  13561. I enjoy Florida very much when I visit, but so many residences have parking issues. The owner has to park the car on the street because the garage has been converted into living space. That sucks!
    7
  13562. What really needs to happen regarding the rent situation, it really didn't get out of hand until investors came in and bought up in bulk single family homes for an air b&b, supplies negative witch raised rental cost. Cities need to step up and stop issuing permits for air b&bs develop affordable housing where there is a time period where only owner occupied buyers are allowed to purchase. All cities need service workers for all types businesses but these workers need a place to live. Most of these investors don't even live in the cities where they have bought and could give a hang with the trickle down major effects this has on our towns and neighborhoods. We are at a crisis and something NEEDS TO BE DONE.
    7
  13563. Michael I feel for you - this is an unprecedented situation to attempt to analyze and put personal opinion to. You are sticking your neck out there for all of us arm chair mortgage “experts” watching anonymously from home. Please don’t get discouraged when data shifts or doesn’t do what you think it should’ve done. We are unpacking a mystery, day by day.
    7
  13564. Just based off the title I am here for the laughs. Extremely out of touch boomers speculating about why no one wants to buy their price gauged properties is comedy gold.
    7
  13565. There is no solution for the insurance issue other than changing how we build and where we build. Anyway, at some point the state will insure almost everyone in the long run because the political will to regulate construction will never happen.
    7
  13566. I wish you are my agent.
    7
  13567. My rent went from $825 in 2016 to $1,500 in 2023... My fault for still being in the same place but.... how are people affording?
    7
  13568. If you can, having a place paid for is huge when you retire, and also try to be somewhere with low property taxes. Some people would rather rent but rents can change and owners can want you out. The other expenses can be managed and hopefully SS is still around in some form. I would rather put more savings towards paying off a house off early. Having the security of knowing you have a place to live is very important. I have seen people become homeless who never thought they would.
    7
  13569. Thanks for more insight on your trek around Florida series. Longboat seems to have that nice chill out vibes with the leave the annoyance of crowds and loads of tourists behind on your visit there. Like someone said in the comments, it was crowded but still enjoyable when they were there. I agree with the opinion that the best time to hit some beaches is when there is no holiday or special occasion like Mother's Day. I say you hit a sweet spot in Longboat. This video says to me that it could be good to experiment with the times that we visit certain places and decide on places to visit with our specific preferences or expectations or goals in mind. You don't just go somewhere because someone else says it is good. It is always good top do our home work on the place. The prices there are a bit surprising, Because it is tough to get oceanfront, the prices get jacked up because people are willing to pay it because they cant get oceanfront in higher demand areas like south Florida. ocean front is limited and can command the higher prices. I'm high on South Florida, but not ocean front. I think my dream place would be something upscale on a canal or something like that in Florida. Thanks for taking us along, this is educational and inspiring.
    7
  13570. I also went to St. Augustine only once. It has never left my mind though, as I've felt drawn to that place ever since..
    7
  13571. whole country worried of TAMPON shortages
    7
  13572. I have just stumbled on your channel within the past few days. Great content and I like that your not some cocky realtor who thinks their sh*t don’t stink. Not a fan of Ai videos. A human face is a more sincere way to deliver information. Keep up the great work.
    7
  13573. Good luck enforcing that in Key West
    7
  13574. We need houses same price as 70s 😊
    7
  13575. I'd argue that most people are fine with hybrid. I cannot fathom why people uprooted their entire lives because they were full remote, without knowing if their employer would reverse course. A lot of employers have asked their people to come back for at least 1-2 days a week, which is reasonable. That being said, I myself quit for a full remote job which offered better pay and more flexibility. I also know, from interviewing, that larger companies are open to recruiting people for fully remote roles for the sake of running 24/7 or just looking for talent outside of their general area (city). Furthermore, people who continued to work during the pandemic had their expenses greatly reduced, no more daycare, no more commute, no more paying for gas and lunch on a daily basis, nobody was going out for entertainment, etc. Personally, I save an enormous amount of money now that I am full remote and if my job forced me to return I would just ask for more money.
    7
  13576. Been to Orlando 4 times since 2017 and it’s worth buying a house there even though I rather rent. Most houses in Lake Nona, where I stayed, starts at $300,000 and it goes up from there. Very quiet area and peaceful. The theme parks are great for families and everyone is very friendly. You do get discounts to the theme parks if you’re a Orlando resident.
    7
  13577. didn't florida get flooded like last week?
    7
  13578. One thing I learned from doing construction is get you're sewer snaked with video before you buy. May cost you 250 bucks but it's alot cheaper then 12-20 k replacing a sewerline.
    7
  13579. Her taxes should not have gone up that much if she was "Homestead". That limits how much taxes can go up every year.
    7
  13580. Tons of old folk moving out of FL and to other southern states which provide a decent retirement and less expensive insurance and taxes.
    7
  13581. That must be a safe neighborhood. An Aston Martin and a G-Wagen in the drive.
    7
  13582. As someone who has grown up in Arizona BEWARE of staying in the PHX downtown or airport area its GHETTO lol
    7
  13583. I’ve been here 3 years and can honestly say yes it’s beautiful yes the beaches amazing so much fun, I agree winter is my fav here BUT the summer heat just.. ugh overwhelming…unmotivating. Literally I can’t even leave the house let alone get priorities done. It makes me lazy and unmotivated literally. It’s very obnoxious the heat here lol. That’s about the only thing I can honestly say I dislike.. actually no I HATE about Florida. I want to take my toddler to the zoo IMPOSSIBLE we will literally die lol the heat is unbearable and depressing at times. A lot of homeless people. Every corner someone is homeless lol so that’s not fun to see but overall beautiful state besides the summer heat that’s dreadful. N I love love love the rain here
    7
  13584. RE: The Air BnB comment. Is it possible that it's because all these ABNB people jacked their rates, provide less, the places are no where near as nice as they should be and hotel rooms are cheaper?
    7
  13585. going to be alot of pandemic FOMO buyers and banks, with big regrets that paid 30%-100% more then prices WERE 2 years ago
    7
  13586. Again that's what I needed price points thank you
    7
  13587. I like all the videos. I have learned so much about Florida from your videos, the comments, and conversation with your followers. This video was educational. Your narration was very well done and you provided useful info. I know these videos are a lot of work for you. Appreciate you and your Lady doing this. Yes Florida is very diverse. That is part of the charm, for me. Keep them coming. I notice you are putting out more videos. I just want you to know I appreciate that. Since you have all that footage LOL. I like the driving video also, but I prefer to hear your narration. I think the driving video adds to your presentation. I think you do a good job of using the dash cam where it makes sense. It will be interesting to know the mileage traveled later at the end of this series. Best wishes for you and your co-pilot.
    7
  13588. Wow someone that knows to use too instead of to or two!
    7
  13589. Congratulations on your youtube plaque ! I don't think that should be legal to fire someone right before you can't take back their bonuses anymore. Talk about being an absolute degenerate company. If those people were truly that bad, they would have been fired long ago. It's so gross.
    7
  13590. The homeowners insurance is now going to be way too high for us to consider a move to FL .
    7
  13591. They should watch your videos, and learn..I sold my house in New Jersey in 11 days on Christmas week..because I listened to my realtor.😊
    7
  13592. Greedy landlords or even inexperienced "private parties" ponder the following: "How much would it be nice to earn as additional income in my life?" Then they pick a HIGH value number........ (completely unrealistic)
    7
  13593. THE ONLY DIFFERENCE BETWEEN THE CREDIT CARD INDUSTRY AND THE MAFIA,IS THE MAFIA PUTS YOU OUT OF YOUR MISERY,LOL.THAT WAS MENT TO BE AN ICEBREAKER,😅😊
    7
  13594. Use a Uniball 207 gel pen to write checks, and mail checks at the post office rather than at a mailbox. I’ve known more instances of digital payment fraud (including my own experience with ACH bank fraud) than mail fraud.
    7
  13595. I think that you should definitely try to buy it!! It looks beautiful, and St Augustine in general looks like a really nice spot!!
    7
  13596. Thanks to your informative videos, I spotted a flip with a million dollar markup. Needless to say, that house is empty, and I bet it stays that way. Also, I am noticing houses priced double and triple over tax estimates. I'm not sure how that works trying to get financing. Rock on real estate warrior 😎 ❤️
    7
  13597. Sounds like they should be called Closing Door.
    7
  13598. Michael, thank you for this video. It is filled with great economic advice to sacrifice. I appreciate that, and certainly plan to implement many of the same suggestions you made. I guess great minds think alike. Happy New Year Superstar!!
    7
  13599. you’re killin me with these videos!!
    7
  13600. Your dad is really proud of the man you’ve become. He is very wise and this was a wonderful discussion. Love when you do these types of personal videos. Great job Michael!
    7
  13601. Looks like a nice town. I feel bad for the people who are trapped/deceased in the condo collapse.
    7
  13602. Years ago my 27 year old coworker was living at home and complaining he was single. He told me he couldn’t afford to move out. I forced him to do the math on how many cigs he smoked and asked him if he wanted a girlfriend or cigarettes more. He quit smoking and moved out. Sadly, after a few years he started smoking again. And he’s still single. 😆
    7
  13603. Welcome to Florida the new Cali and York hole!
    7
  13604. When the IRS finds out these homes remain vacant for long periods of time, they will Impute Fair Market Rent. The owner can leave it vacant but must report Imputed rent even if it’s vacant. In San Francisco, California where their are all kinds of vacancies, they are attempting to pass an ordinance taxing owners for leaving their properties vacant. Some wealthy property owners just leave their property vacant. However, I think eventually government is going to either apply a special tax and/or Impute rent. Some owners just leave property vacant because they are interested in appreciation only. They do not want to deal with tenants. If Biden. Is permitted to hire 87000 more IRS agents, you can be assured they are going after all these property owners. Michael, I have seen Imputed rent and transactions with families where the real estate is under rented for owners kids.
    7
  13605. "Can they afford to get divorced?" Reminds me of one of Woody Allen's monologues: "My wife and I were trying to decide whether to get a divorce or take a vacation. We decided on the divorce because a vacation is over in two weeks, but a divorce is something you always have."
    7
  13606. Love the water view!
    7
  13607. Great content. I’m in Cape Coral getting ready to build a new home. My son is a GC so getting a pretty good deal, but the cost of concrete is crazy. Also the cost of metal roofs has dropped below the cost of a tile roof, 4 years ago metal roofs were like 50% higher, Will concrete ever drop? New construction is still going strong in my area. I tried waiting it out but no end in sight in Cape Coral.
    7
  13608. Who owns all these 1 million dollar yachts.
    7
  13609. Unemployment numbers are much higher than what's published. They do not take into account are people who have simply stopped looking for work. True numbers are most likely well over 10%.
    7
  13610. I foresee banks working with buyers to approve them with only a 5 or 10% down payment then adding a HELOC for the remaining down payment the customer wanted to put down and close the first and second mortgages at a 90% - 95% CLTV. Once closed the buyer pays the HELOC down to zero and now they are into the property for what they wanted to put down and bypassing these ridiculous new fees.
    7
  13611. i never thought about a building crumbling down in the middle of the night with no where to run or get away i no longer desire a ocean view or to be up high anywhere i don't want to fly for travel any more either i'm just freaked out by all the crime and disasters and hate almost too much i'm sorry for those people and their families and friends
    7
  13612. I know they're paying for a neighborhood but still some crazy high prices there.
    7
  13613. You are doing a great job, Michael! Love the walk-and-talks! I really do feel that, at minimum, the housing market is going to stop the forward movement in it’s tracks, at least for a moment. It just feels like this war in Ukraine, and the uncertainty of it all, is going to make people take stock…about everything. We shall see though. I have a friend in Kiev (Kyiv), who I communicate with everyday. She is very scared. That fear seems to be felt by all, even those of us over here in the US. I pray for peace and that this doesn’t upend everything!
    7
  13614. You wife is a nice addition to your informative videos. Very attractive and seems nice.
    7
  13615. HAPPY SUNDAY MICHAEL 😃👍🌴
    7
  13616. Miami millionaires can afford it.
    7
  13617. Michael, thanks for these videos, and thanks for staying grounded. You are one of the only real estate people on YouTube who understands the perspective of the normal person (not the investor).
    7
  13618. I live in Westeren Washington State. I love rain but cold rain please. I love the ocean too but keep it cold too please. I love walking in the woods and yes we have mosquitoes too but not the level of exotic wild life. I always have alot of new neighbors I am close to a Mega base ( JBLM ). We have homless we have high prices but we are also getting entitled self import people who want to have thier cake and my cake eat both and complain because they gained weight.
    7
  13619. Letting owner occupant first choice before investors is a must. In CA it still was a goat rope. Foreign investors should not be allowed. New Zealand kept other countries out. Ergo the government needs to pass laws to protect the fading middle class. I’m 70 and hate this era.
    7
  13620. Great report. Humid as hell here in Florida.
    7
  13621. Yes, we are in a recession. In fact, from a macroeconomic point of view, we are headed into a worldwide depression. Check out what is happening in China and other countries.
    7
  13622. I agree with everything you said
    7
  13623. The horse has already left the barn... UBI will torch the barn assuring a point of no return.
    7
  13624. Good that housing market crash is here, ready to buy my 2nd house and rent it out. Still kind of expensive in this crash though imo.
    7
  13625. It's just a matter of time before our complete medical history (physical & mental) including prescription drugs & chronic diseases become part of your credit worthiness
    7
  13626. In the USA, average people are being ripped off with high taxes for bloated and inefficient police forces and schools. It is disgusting.
    7
  13627. Florida real state market and laws are a racket
    7
  13628. Great Interview, Michael !......Travis was a Terrific guest , who has experienced the highs and lows in the R/E Game...A True Reality Check...Thank you very much !....Take care..
    7
  13629. Price and tax history usually can explain a lot.
    7
  13630. We Floridians feel optimistic because we have DeSantis 👍🏻🇺🇸
    7
  13631. I live in California. Where I am used to be very safe, now the nicer areas are being surrounded by crime and poverty. Business owners in the area complain of people (BLM) running out of stores stealing things constantly, and the state made a law that the business owner cannot stop them unless the theft is over $950... It's crazy. Lots of homeless. Power Outages, the streets are not being paved... It's really sad. Makes sense why hundred of thousands of people are leaving this state every year
    7
  13632. Pretty incredible that people would rush into a recently decimated area, and be willing to drop a ton of cash on a place. Good luck to them!
    7
  13633. More beach videos where you walk down the beach and we can listen to the surf and the people to get a feel for actually being there. Maybe do a summary at the end of the video. No offense, but I'd like more beach and less selfie. Thanks!
    7
  13634. This will trickle down to schools and infrastructure. It depends on location and what type of house.
    7
  13635. Toughest thing about driving is cost of hotels on the way if its a long drive 2nd is the dreaded 3 week wait for the pay check Then like you said not knowing the area you can go to bestnighborhood maps shows rents and medium income in those areas so you can see if the area is nice or low end and that tells you how bad crime is
    7
  13636. Michael, have you ever had someone recognize you when filming a video?
    7
  13637. Plot twist: The letter is from Michael Bordenaro telling you to subscribe or lose home insurance
    7
  13638. The 30 year mortgage dropped 1/4 point today due to 10 year treasury dropping .20+ points. Wednesday it was 4.2 today 11/10 it’s 3.8 all thanks to better than expected cpi numbers.
    7
  13639. I find it funny how some investors are diligently waiting for interest rates to go down. When the time comes where interest rates start to drop sometime this year, it will be for a reason far worse then high interest rates.
    7
  13640. I grew up in the worst slums in NYC so florida is not that scary.
    7
  13641. Florida is new California long gone are days I bought my first house for 80k on Kendall drive Miami speculation and politicians have destroyed a once affordable place
    7
  13642. To do a handyman business, you've got to actually, you know, be handy, and have a good collection of tools. Can get over your head very fast. There are several good Youtube videos on starting and running a handyman business. But, like the video claims, there is opportunity there. I recently sought estimates for building a 100 sq ft patio. Out of four contractors that responded and came out to the site, none of them followed up with a written estimate. I ended up doing the job myself over two days and it came out beautiful!
    7
  13643. Is so beautiful to live by the beach in downtown Miami Florida! Depending how much money you save in your budget, you can officially buy a rental apartment building with a balcony view, it could probably cost more money. For example how much money you’re gonna have to pay for an apartment home every month or a year.
    7
  13644. 😊😊😊😊😊😊😊😊😊😊😊😊 Thank you so much for video today. I Love your attitude of life and your thoughts. I watch each and every video that you put out and always enjoy them. Have a wonderful sunny ☀️ day my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    7
  13645. Housing, car payments taking peoples money.
    7
  13646. Hey Michael, another honest and straightforward video. I just don’t understand why you call them illegals rather than people
    7
  13647. All ya need to do is fog a mirror and you’re in! What could go wrong
    7
  13648. I sold my 3/2 waterfront house in W. Sunrise last Sept. for top dollar. Had it rented for past 3 years but avoided cap gains tax due to living in 1st 2 years of 5. Luckily, had purchased a nice 2/2 waterfront condo (55+ community) prior to renting in 2018. Paid only $39,000. Will stay right here for now. Prop taxes only $220.00 per year!
    7
  13649. Florida sun looks so good. We are in ice 3 days now. WWEEEEE
    7
  13650. Why not just crack down on the theft and put people in jail for a long time. That should fix the problem.
    7
  13651. You do your viewers squarely Michael... Tough Love advice. 👍 Self control wins... And the opposite makes us our own worst enemy. Lenders see the borrower-addicts coming every day. Vultures waiting. Middle/low income is prey.
    7
  13652. I'm so glad that I got here when I did.... I don't think that I could afford it now!
    7
  13653. I love the layaway days. You never went into debt. That was good for individuals. Those are the facts. 💯👍🏾
    7
  13654. So sellers got a quick sale and moved. The details of what supposed other imaginary buyers is just that: imaginary.
    7
  13655. I love when 2 of my favorites do a collab crossover. It’s awesome.
    7
  13656. One of the cons is Hurricanes and storms in the Summer and Fall seasons. Also what I like about the Tampa area is the beaches and climate. I'm planning one of these yrs to move to Florida it's an amazing place to travel for vacation. Clearwater is my favorite city in Florida.
    7
  13657. Love this!!! Looks like soooo much FUN!!! Love the Live Music Every Night!!! Looks like a place where you could have lots of friends and have a good social life in your Retirement years!!! Also looks extremely SAFE!!! However, everything closing down at 9:00 pm.... Yikes!!! I am a Night Owl also. I moved to Florida 3 years ago from Los Angeles and I am used to having access 24 hours to everything I need to do!!! Or at least to midnight or 11:00 pm. I really miss that & it has been a hard adjustment for me here in Florida since I am a Night Owl. And I will never understand why all Publix stores in Florida close at 10:00 PM??? And then they don't open up until 7:00 am in the morning??? Unbelievable!! Those reduced hours for our Major Florida Grocery Store drives me CRAZY... LOL!!!
    7
  13658. Were do you live that food prices are falling ?
    7
  13659. I would agree, timing the market in the U.S. is important! Buying the market in Central and South America is important! For example, in Costa Rica, 80% of expats return to their countries in the first 3 years, for various reasons. This often leads to home beachfront Fire Sales, for the smart expat home purchaser, like myself!
    7
  13660. These bailouts are ruining EVERYONES lives except for the ones getting the money...
    7
  13661. Prices are already down 40% here in Arizona. OpenDoor about to go bankrupt and dump all it's properties on the market as well.
    7
  13662. 4:20 "Leaving money on the table" has personally lead to my most profitable year ever because I'm being very picky about what I spend my time on to reach my goals! Great insight.
    7
  13663. Back 3 days a week since Feb. Companies are pro or against remote work based on their real estate scenario.
    7
  13664. I don’t like humidity! I live in New Jersey and there is plenty of it. LOL😆😆
    7
  13665. Thankfully I am currently "forced" to wait because I am under lease until Nov 2022, but I think it will be worth it. My city also has 5% rent control, so it's ok if my landlord decides on an increase, although we are on great terms, so hopefully not! I was feeling FOMO to buy last year, but glad I didn't/couldn't. Much nicer houses coming into my budget now due to price drops, increasing inventory every day and giving me extra time to save for a larger deposit.
    7
  13666. Last November we backed out of a condo because there was mold reported in the inspection. The seller was outraged and tried to act like we had done something outrageous. They weren't expecting it because of all the FOMO going on, but there is no way we were going to buy a place with mold. I am soooo glad we knew our worth and decided to back out.....
    7
  13667. When looking at these options, it is vital to calculate the total cost of ownership. Yes you have equity when you own, BUT don’t forget to add in property taxes, interest and non predictable costs. Sometimes these costs far outstrip what you are accumulating in equity. Home values can and will go up and down thus changing the equity.
    7
  13668. For once I'm actually going to disagree with you Michael, I actually think it's great 20% of 20 year olds are living at home with their parents, I hope they continue to do so for at least another 10 more years, this will help bring house prices down which is desperately needed, hopefully their parents just give them their home when they pass away, that will help too.
    7
  13669. I really enjoy your information, I like your calm demeanor and genuine concern to let us know what's going on, thank you for your help.
    7
  13670. So the value of commercial properties drop, big deal. The lenders get bailed out, the property gets sold and demolished- then replaced with "luxury" apartments.
    7
  13671. But Michael, the CEO's bonus is what's important, don't ya know. - Snark
    7
  13672. Thank you for sharing another great video today. I’m so jealous once again because the weather there looks amazing. It’s 101 up here in Paso Robles and very dry. I always like your input on all things financial. Have a great week. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    7
  13673. Rent and housing costs have surpassed most young peoples incomes. Most can't even qualify for a house or apartment. This will be a problem for as long as housing/living costs surpass wages.
    7
  13674. Hey Michael another great video >>> I live in CA near Los Angeles, retired Real Estate Agent after 35 years in the business > I agree with you, if you don't need to buy a house right now, stay in you current home...back in early 2008 I worked at Downey Savings as a REO asset manager working on over 25,000 Bank Owned Properties the bank had, it took over 5 years for the market to adjust, I believe we are looking at the same thing happening again...but this time will be much worst. We had been in our home for nearly 20 years now, with the total monthly nut with everything around $1,500 included HOA, taxes and insurance> we are staying put...thank you! A year ago a condo like ours sold for $600,000 WOW that's crazy, 2b/2b less < 1,000 sf. Today's price might be around $500,000 which is still crazy high. Save your money, pay off CC, put cash into a high interest account and hang on for the next 2 or 3 years.
    7
  13675. I always learn something new from your presentations! I'm watching the rental market like a hawk every day for the past 6 months. In the past two weeks I've seen "breakthreought properties" that would have been priced at $2200+, get rented for $1800. I just went down the street and met the owner of one. Had a nice chat with her. Her house is absolutely beautiful 2400 sqft 3/2/3 nice neighborhood. Actually, it's the nicest home I've seen under $2400 in a long time. So, it's happening. I've also experienced some very bazar behavior in a couple of real estate offices I went into. But I'll share that in another post.
    7
  13676. Pensacola is beautiful
    7
  13677. Good luck with the refinance deal if values should drop. Great to bring up the refinance hazards and hope viewers will recognize the Captain Obvious moment. Glad you are helping people to understand the hazards.
    7
  13678. Zillow had my house up to $600k, now around 500k, originally bought in 2019 for under 400k, in DFW area. And, happy birthday Lisa!
    7
  13679. Love the block sectioned driveways. I'm not sure what they are called. However, they look very nice!
    7
  13680. "Anything is possible, just not likely" I swear I have this on repeat when I speak to people. The concept never kicks in! Great video!
    7
  13681. I grew up in Texas, hope they don’t ruin it lol. I’m just getting settled from moving to Melbourne from OKC a couple weeks back! Your videos actually helped us decide on the move
    7
  13682. Michael, is that even you?! 😂
    7
  13683. 4.9% -mostly gov. spending
    7
  13684. Breadlines soon
    7
  13685. The key is to know what your neighbors are thinking and to sell your unit just before you are forced to in order to get the highest price. Development is inevitable especially if you own in a desirable area and live in an older building. Holding out until the very end is not a smart move.
    7
  13686. Some homeowners ask for ridiculous price with no real intention to sell or rent. They are hoping an ignorant person pay their asking price.
    7
  13687. I paid my own way through a masters degree Realized about 2 years after graduation that I hated the career and the direction it led to so I quit and started a business in solar. That was 15 years ago. Ive used next to zero of the skills I acquired through education and id be a real asshole if I was holding my hand out for reimbursement
    7
  13688. You are a lucky man. Your wife is is a cute lady.
    7
  13689. Love your channel Michael. I've become a regular. You have great information and energy!!
    7
  13690. In Illinois our insurance jumped up 50%.
    7
  13691. For some reason the cuts always come for us regular people's needs, not for financing wars lol.
    7
  13692. Yes, please do one or more by price bands, like up to $150K, #250K, $350K. Realtor.com has maps that include crime; you may want to look at that sometime. Great work, thanks for sharing.
    7
  13693. Rented bikes with my girlfriend and explored the entire park, sadly didn’t see mangrove marsh but pretty amazing experience
    7
  13694. The family and friends I know wants to buy a dream home and not a starter home. That's the problem. I got my starter home and happy AF .maybe one day I sell and get a dream home
    7
  13695. Thank you for such genuine stories
    7
  13696. Hi Michael, wishing your dad a belated ❤ father's day.
    7
  13697. Beautiful places in CA, but no way can I afford the cost of living since I am retired. Love Florida. I never had to evacuate for a hurricane in 27 years. I prepare every summer for storm season, while enjoying the FLA lifestyle.
    7
  13698. 75 degrees would be a dream right now. Yes, it's sweltering & over 100 in Florida Misery
    7
  13699. I like east orange county. “Almost” Winter Park. Good people, good bars. All of it
    7
  13700. Too bad about the salty air, really does a number on a vehicle......Michael, I just buy old (6 + yrs.) cars with Low Milage and well maintained for about $2K to $3K for the last 15 years. I don't want to jinx myself , but I'm on my 8th year with a Great 2000 Mits. Mirage. You know, I probably saved over $40 k over the years (15 yrs.) between depreciation and maintance . Oh, I drive them at least 12K miles a year !......Hope this helps.....Merry Christmas !!
    7
  13701. That frayed wrinkly old tank top is what got Michael denied the interview with the buyers, if somebody would have bought him some new tank tops for Christmas that wouldn't have happened not saying any names cough cough.
    7
  13702. I’m preying for all those poor people . I was actually thinking of you after it happened. I’m glad your safe and your not from that building .
    7
  13703. When I purchased my home in the mid seventies ,my mother financed the morguage to keep the money in the family and I payed her the yearly interest and principal. This gave my Mom a intrest income much higher than CD rates and for me much lower rate than a bank.
    7
  13704. Say hello to Molene Charlemagne, I like you, you help me with my decision about moving to Florida from Canada. Thanks!
    7
  13705. I love looking at the styles of Miami homes in your videos. I also love your “real deal” content !!
    7
  13706. Your videos are sooo pretty and entertaining to watch. I love the lovely sun, greenery and homes. Fantastic way to deliver so much scary dark news
    7
  13707. Love that you are doing a mall video. Very busy! Great job Michael with all the people and distractions you are dealing with. Interesting to see the differences across country. Yes I know you said it's pouring rain but.... here the Arizona malls are ghost towns. Thank you for making this video despite the weather as the parking garage is probably out of the question. Parking Garage Police 🤨
    7
  13708. "Ain't nothin' goin' on but the rent You got to have a J-O-B if you wanna be with me.."
    7
  13709. Human nature of GREED in our biggest problem..
    7
  13710. i like how you are covering different topics about the economy great content buddy
    7
  13711. These class action lawsuits mostly only benefit the lawyers involved.
    7
  13712. Now, even mobile homes are over-priced. And the lot rent high. Lastly, cities arent passing permits for new mobile home parks
    7
  13713. You forgot to mention insurance on vacant houses that aren't sold. The premium for those is 3X-6X higher than an occupied home.
    7
  13714. If it is a mobile home, can´t you just move the home elsewhere? isn´t tha the point of a mobile home?
    7
  13715. I’m pretty sure the jobs report has been manipulated. I work a good paying blue collar job and we have probably 30 to 40 less people working for the company than 4 years ago. The company is hiring but at a snakes pace because they said they are worried about a recession. It seems like there’s a disconnect from reality somewhere.
    7
  13716. Interest rates aren't helping.
    7
  13717. Great information. The ocean views are astounding! Thank you for sharing your knowledge. We need all the help we can get to navigate through this housing maze.
    7
  13718. So a 2nd Chrysler bail out👎🤡🌏
    7
  13719. There was a big wave of Bay Area folks moving out of that area and going to Chico California (90 miles north of Sacramento) during the early 80s. They snapped up properties right and left, and house prices rose as soon as sellers got wind of the eager buyers. They didn't do counteroffers, they didn't negotiate over repairs, they just bought everything that they could. They'd sell an ordinary house in the Bay Area for say $400k, and buy a mansion in or just north of Chico for half that. (Compare that to the house my parents bought there in 1980, very decent place, 3 bed, 2 bath, 1/2 acre backyard; they paid $64k).
    7
  13720. You hit the nail on the head in terms of opportunities vs cost of living. People always think that everyone can move to a cheaper area and work there, but before remote work companies wouldn't even look at you unless you lived in NYC, LA, or whatever. You might make between 80-100k, but good quality rent in a safer area could cost around $3,000 a month, and an extremely basic median house is around a million. Next year is going to be pretty key in terms of whether remote sticks around on a larger scale.
    7
  13721. Got employed by my local neighborhood walmart, and currently keeping my honor with them. Hopefully I can request for a transfer. In addition, VA loan.
    7
  13722. thanks for opening up. But I didn't catch the "how" part of it.
    7
  13723. Large amount of investors and RE investment firms also raised billions to buy up houses so they can rent them out with yearly increases to the poor suckers willing to pay up.
    7
  13724. Bought my first home 🏡 In 2002 only to see it going down below what we paid For in 2009 Bought my second home In 2010 as a rental Bought 2 more home in 2013 As rental and still own it 😂😂 2 still has mortgage 2 free and clear accept paying property taxes
    7
  13725. Beautiful in winter, mighty rough in summer. A gardeners paradise, plants grow like crazy. Yup there are large bugs. People as always are a mix, both good and bad. Driving is certainly challenging so one must be more careful and nope it's not cheaper than Illinois.
    7
  13726. We heard about the work ethic of the people down here before we moved too. Now that we are here, I see it. It's pretty sad and pathetic.
    7
  13727. Please,Tell about the places in Destin.Any good place there for a good price?Destin is really beautiful !!!
    7
  13728. Thanks for the videos, I live here but still work full time as a YouTuber and don’t get out much so I enjoy watching others enjoy The Villages, I moved here 5 years ago and would never live anywhere else.
    7
  13729. Most people don’t realize that it is not that house values went up, it’s the Dollar that drastically lost its value due to Trillions of Dollar printing that happened. Groceries, energy, etc all went up in price, not because they are suddenly worth more now, it went up because the Dollar turned worthless!
    7
  13730. If I were Governor Desantos, on the affordable housing I would throw in the stipulation that the “affordable housing” can not be built within 10 miles from the coast so that places like Haulover Park do not get converted into low cost housing. Many of us work and save our whole lives to get to a place like that. Why should someone just be handed that and make it easy? If they do build such a place what will prevent the new owners from flipping it for a tidy profit ?
    7
  13731. My husband is a motorcycle salesman and a guy actually said to them this week “who’s got a credit score higher than 600? His adult son was trying to buy a bike but had no credit and dad had horrible credit.
    7
  13732. I bought a house a year and a half ago and it was a wild process. Most houses had offers with even a few hours of being listed. My girlfriend and I decided instead of looking for a ‘modern’ updated house, we looked for one that needed updated on the inside. And that’s exactly what we found. A home that wasn’t getting a lot of action due to it needing cosmetic updates (paint and fixtures). Boom! Instant equity! We qualified for much more, but because we stayed within our means, we are now home owners and can easily afford our mortgage. Plus the 2.75 interest rate helps 😜. Wild times for people who panic bought during the last couple years. Not a good place to be in at all…
    7
  13733. I've lived in a condo on south Beach in my single days which was awesome. Now I like a house , especially with kids. Just depends on what you want. Good info Mike
    7
  13734. They just need to make more calls that’s all. When it gets slow, you speed it up.
    7
  13735. I’ve read that parts of Florida are having problems with depleted water aquifers and that there are increasing problems of seawater infiltration Into the limestone that is making the problem worse. I don’t think FL has been investing enough in their Infrastructure and hence, the costs get passed onto the consumers directly from the utilities. Similar to your Condo HOA reserve shortfall problems, these other issues eventually come back to bite, when they are repeatedly ignored in favor of lower living costs. In a hot, humid, salty climate like FL, things cannot be continuously deferred and ignored.
    7
  13736. You know Credit Suisse was in dire shape when they get bought out and their stock goes down substantially; that's really bad...Great insight. Why would anyone buy a house when there is even a small inkling that their job is unstable or a small possibility of being laid off; no common sense?..
    7
  13737. We're selling our single family home in a CT suburb next year and recently received a postcard from HomeVestors who claim to be America's #1 Home Buyer. Plan to sell the traditional way but saved the postcard just in case 😬
    7
  13738. The interest part is so true. I've argued about this with smart people, and they don't seem to get it. Of course I'd rather have a higher interest rate and lower sale price! This is so self evident. I can't believe how many people were FOMOing this spring to "lock in low rates" in my area, offering 100k over the already-inflated asking price. Pure insanity.
    7
  13739. When I was low income I was able to get on the HEAT program. They paid my electric/gas bill during the winter. Not sure if this is just a Utah thing or maybe just the county I live in. But it was nice to have that. Have you read about what’s happening in the UK right now. So many people are choosing between buying food or heating their homes. It’s pretty bad.
    7
  13740. I don’t even look at a house till it’s been on the market for over 30 days. I’m not playing the emotional games that happen in bidding wars/FOMO. Housing prices are falling, says Case-Schiller, top 20 markets.
    7
  13741. This guy is a 'truth teller'. Listen to him.
    7
  13742. Mikes letting loose today with his long hair
    7
  13743. RIP to the industry
    7
  13744. GROSS. I hope this trend slows down. (Mindyou, isn't Redfin now struggling financially? So this might be a "clever" layoff strategy to remove people lol...) As someone who WFH's as a software dev it's been a life changer. It's made my life really possible cause I do suffer from PTSD and bad anxiety from a bad bad bad non consensual thing many years ago. I've been allowed to be a (unfortunately) high tax paying citizen where my stuff may have made it impossible to work. I despise this precedent sooo much.
    7
  13745. 90% price drop by december 2022
    7
  13746. In going to college in Florida
    7
  13747. Very informative and helpful information, Michael. The media rarely talks about inflation that has impacted millions of Americans. Staggering inflation. The next generations will struggle mightily if something doesn't drastically change in affordability. It's getting too expensive to live with dignity in America. 😟
    7
  13748. You would think a tech company could write an algorithm that could ball-park accuracy predict range taking into account road/weather conditions. I have a garage and could charge at home. Range is not my biggest concern. I looked for a while but then reports of warranty repair issues and insurance costs scared me off. I’m glad I did due diligence and didn’t jump the gun on this.
    7
  13749. It’s called, “Keeping up with the Joneses!”
    7
  13750. I was with you for a minute, lol but if access to credit goes down .. the corporations will come on and buy everything up that the wealthy people can't afford, and then rent them out.. thats how China and European homes became unaffordable and why people save their entire life to afford a flat... ( Condominium apartment )
    7
  13751. What most people need to understand about EV batteries is they degrade year by year. So that 250 miles of range when new, slowly goes down year by year. I own an auto repair shop in RI and we see this. For example, a Nissan Leaf that is 10 years old currently gets about 35 miles of range (it was about 90-100 when new) So throw in cold weather and that brings it down even further.
    7
  13752. HAPPY MONDAY MICHAEL 🎉❤🎉
    7
  13753. If the families living free off a landlord should have to show their taxes to prove they haven't worked
    7
  13754. My house in Atlanta was priced too high..no bites..lowered it some..sold in one day to 3 people..lol..your right Michael 🥰👍
    7
  13755. Hi michael from the UK im Retired ..What Younger and And People Born Say 1980 Dont understand .about the 70s/80s . is yes we had inflation BUT My generation Never Noticed because we NEVER Had Debt . /credit cards / multiple cars . and worry . it was easy then in fact it was a breeze life was easy and we all worked . pay was low BUT We were all happy with what we had . we shared ' and everyone was never deluded . NO WORK NO MONEY we Also had EXPORT Of goods .
    7
  13756. The only thing more shocking than those house prices…. The fact that they still cannot silence those annoying leaf blowers.
    7
  13757. Run a bicycle into one of those cars parked across the sidewalk and sue the selfish idiots.
    7
  13758. I just rented out my duplex unit and started using Zillow Payments that uses ACH transfer instead of using Zelle. It takes 5 days to process but feels safer than Zelle after the stories I've heard of.
    7
  13759. I'm still interested to see what houses list and sell for. The taxes make a nice touch because that is part of the cost of ownership. I like to dream big. you provide me information and an education that makes me a better buyer if ever i get in a position to buy an expensive house like that. It works for any house the info you provide.
    7
  13760. $60K/year, plus utilities to live in a condo on the beach.
    7
  13761. Beautiful car, glad to see guys like you taking good care of it 👍
    7
  13762. Many dealerships just got hacked and that's another blow to them
    7
  13763. People are still buying because There is, and always has been, a chump born every minute.
    7
  13764. Visited California twice so I only know it as a visitor but I can't imagine a place in the US that matches the natural beauty of California. That said I would never consider becoming a resident of that state given the far left politics. Who knows what crazy policies they will enact next. Sad really because there was a day when California was not this way. Ronald Reagan was the governor for eight years.
    7
  13765. Enjoy your videos (down to earth & logical thinker). Curious what this channel brings in revenue wise.
    7
  13766. the trifecta is to find a HOT roommate that is financially stable AND is single.
    7
  13767. Great content I'm in west texas and we have 9 undercontract. Low inventory is keeping prices stable
    7
  13768. Boomers don't want to move cuz we don't want to clean out the garage, attic and basement.
    7
  13769. Nobody can afford anything these days
    7
  13770. I saw a flock of parrots flying in downtown Ft. Lauderdale a couple yrs ago. I'm guessing that's what they were. They were green and making a scene. Pretty cool sight though.
    7
  13771. 1st
    7
  13772. Michael, your efforts are appreciated. I never get tied of watching your videos.
    7
  13773. I definitely agreed with bad and crazy drivers in FL !
    7
  13774. Another 3 months and the YOY will be compared to last June and everybody will wonder how this read can be so high. Strange so many do not understand very basic math. Will be large if prices stay stable for next 3 months. If there are price reductions between now and then the negative YOY will be much larger. Not a difficult concept to grasp. Will hit mainstream media pretty hard and may trigger sentiment change but remains to be seen.
    7
  13775. You can't get anything fixed for $400 anymore
    7
  13776. Wave to Lissi *Glad to see you !!!! We drove by Mc Donald's in the Next Town , that place was packed, it's always packed . Why, because the Citizens in that town and other towns, always takes care of their businesses. They don't want these businesses to Close down!!! McDonald needs healthier food aka Organic. I rarely ever go to McDonald's , the food is the worse thing on earth. lol
    7
  13777. i've been here 25 years, i'd say it all depends on your own personal definition of "Summer"....some people from up north might say 70's is summer.....well we have that practically all year.....
    7
  13778. That’s a great way to meet someone! It’s wonderful to be able to share your passion(s) with your partner.
    7
  13779. Even when you own a home or land or a car, you are renting it. The rent just has different names: Property Tax, Ad Valorum Tax, Value Added Tax, Sales Tax, and Purposely over inflated sewer and water bills. The list goes on and on.
    7
  13780. Thanks for reading my post Michael. Doing things unconventionally was something i learned from watching my family. It was always drilled into us to never rely on anyone, especially the government, only rely on yourself. We're the only masters of our destinies. No matter what happens my family will survive. You have such a great outlook on life. Thx again for a great channel!
    7
  13781. People move to Florida because we don't have Palm trees in the Northeast and no shoveling. 😅
    7
  13782. I just called up my internet provider and went with a plan that was half the price but 1/10th the speed, has to be done... 😢😢😢
    7
  13783. Same with all the non paying renters they hope will dri e the landlords to go bankrupt.
    7
  13784. I look forward to more videos from your road trip. It’s nice to see a different part of the world, especially where it’s more green. Keep up the great work Michael! You are helping more people than you know 😃
    7
  13785. Just discovered your channel Michael and am enjoying it very much with the truth and honesty & facts you share . I’ve never been a home owner , however am considering buying for investment . In your honest opinion how is the best way to do this ?
    7
  13786. Good video! One thing, in my Denver location, the cost of my 800 sq ft apt is about same, nowadays, as owning an equivalent condo. Not always been like that, however. Currently a somewhat bigger nicer condo like I seek would be $300-500/mo more. I would rather keep the savings and invest in assets that rise faster than housing. Historically, RE prices about match inflation. Lots of assets outperform that. The other advantage of renting is I can move close to my job location which switches every few years. Locked into a home, we face time and money wasted in long commutes for two cars. The best insight I heard from Ramsey is to not spend more than 25% of AFTER-TAX income on cost of home. That will keep most from jumping into a wildly overpriced market like todays or from getting in over their head like many with FOMO fever are doing today with housing absorbing 40-50% of take home pay. Just gotta be patient and learn money mgmt. And finally, fwiw, that supermodel alongside you is nice to watch but distracting. :-)
    7
  13787. RASM (Realtor Assoc. Sarasota Manatee) stats came out today. Sarasota (year over year January) single family median sale price (-1%) condo (+19.3%); Manatee single family (+5.4%) condo (+14.6%).
    7
  13788. Maybe I better go to FL to buy me a boat while I have some cash! Boat life should be better than under a bridge life.
    7
  13789. Thank you for such a thought and helpful video. My wife and I have planned to downsize to a beautiful condo, but the recent condo collapse in Miami has caused us much concern. And you nailed our biggest concern when you said that Condo documents are not even available until you place an offer and then have limited time to review the documents. I understand these condo documents are huge and most of us would not even have the professional knowledge to understand them or what might be missing for example if they don’t have engineering reports. How do you buy something when you don’t really know what you are buying? May I suggest that you do a future video on condo documents? Thank you so much for your excellent videos.
    7
  13790. When I started selling real estate on Pensacola Beach in 1990, I had listings that took 12 to 18 months to sell. The sellers would say to me, "It's not your efforts Jon, it's the economy." I wouldn't take a listing for less than a 12 month period knowing the sales rate. You have me beat Michael as to the age you started. I was 23. I farmed the condo complex I lived in and had a great 10 run in that development.
    7
  13791. The Godfather
    7
  13792. Great video...hopefully the construction is done by the time i move there!
    7
  13793. First, ignore Cali. People have been leaving there for other reasons.... There's a significant factor missing in your accessment: Inventory. There's still no inventory. Also, you need to work in the immigration factor, which is a true unprecedented issue. We now have over 2.7 million immigrants on our soul. They will all need homes... Its gonna raise demand of low-income housing, which will put pressure on middle-class housing.... as our current low-income home owners will be pushed out. I think you are premature in your assessment of "crash"
    7
  13794. Great presentation. Yep, rents are up in Central Florida, but if you scan the listing daily you'll find little gems here and there, where the owner says to the lister, "I don't care what the Zestimate is....I'm tired to waiting it out. I want this place rented, now". And they are dropping the prices.
    7
  13795. Michael Smart Move! So many people stay at a place that was not their choice. Moving to Miami is a HUGE move up! Illinois is cold and windy. I bought a place in Fort Lauderdale and hope to be back in November
    7
  13796. I just saw a property in my city was dropped from $5.5 million to the bargain price of $4.95 million........after nearly 2 years of being listed for sale, LOL. Surely it will sell now, right? :)
    7
  13797. I'm literally just trying to pay my bills this month.
    7
  13798. Stealing is bad. Karma is real
    7
  13799. Their intention has never been to save the economy. It's about a massive wealth transference via manipulation of the entire economic gameboard. They tilt the board to one side, everyone runs to the other side....then they flip the board. There's a great presentation that illustrates this mechanism, by Mike Maloney entitled "The Eerie similarities of 1929 crash and today".
    7
  13800. Thanks!
    7
  13801. Hopefully by the time you actually move there the masks will be over in FL. I'm sure they are getting close not requiring masks.
    7
  13802. Glad you don't know the best places to live in Florida so we keep it that way.glad you missed us.
    7
  13803. Left New York two months ago , living in Naples . Best decision I ever made was to leave that dump .
    7
  13804. They can manipulate gold and silver, and they been manipulating it forever
    7
  13805. I think that all realtors will tell you whatever makes you more likely to buy a house. I was told as a new home buyer that tax credits would be like free bonus house payments and I'd be able to buy a $300,000 home. I opted for a $90,000 home, and the next year we lost the tax credits, and people in that $300k neighborhood were on the news crying about losing their homes because they depended on tax credits to pay for them.
    7
  13806. I have been applying like crazy, and I got lots of interviews. But the problem is that being a Programmer, those interviews are super draining. Imagine being challenged with puzzles and technical questions for 8 hours straight everyday from different employers. I might give my all on the first few hours, but by the time I hop to a call to another interview with technical questions, my brain might be tired by then. Let's not even talk about the different requirements on each Software developer job. Some of them requires you to know some tech stack that others don't use. So basically please be an expert at Jack of all trades.
    7
  13807. WELCOME TO CALIFORNIA,.. IT'S 118° TODAY HERE IN PALM DESERT 🌴😫🌴
    7
  13808. There was a ton of money pumped into the economy. Many people are sitting on lots of cash and equity, or sitting on a low rate mortgage, so prices may not crash that hard.
    7
  13809. The rent is too damn high! 😎
    7
  13810. That vacation pad looks awesome I hope you guys are having a great time❤
    7
  13811. I predict most savvy sellers will simply include a statement that the seller will pay buyer's fee. Realtors are humans and will steer their clients to properties that offer to pay buyer fees.
    7
  13812. I love going to Miami Beach in winter! In the summer it gets too hot and humid and there is always afternoon showers and storms. I love your video and the area of NorthBeach has some great architecture from the late 1940s 1950s and 60s! This is my favorite part of Miami Beach. Thanks for showing us this great video of the Beach in winter!
    7
  13813. If all you care about is nice weather and can afford it then go. just be prepared for all the mess behind the curtain. The rude people, the lack of common sense and decency. Getting hassled by pan handlers, dirty messes everywhere. Smokey skies most days. I lived my whole life for 50 years there and during the shutdowns it felt like a dystopian nightmare and made me very depressed. Moved to FL 2021 and will never even go back for a visit. I do miss the weather and beauty but the cost became to high to enjoy it anymore. And my kids couldnt play outside unsupervised due to crime.
    7
  13814. 10-15% Declines already started here in uk in some towns and cities over last few months and interest rates have not even rises that much 0.75%
    7
  13815. I like his walks. Better then looking at the wall sitting in a room.
    7
  13816. Can't even compare California beaches whit Florida beaches, Florida is the best!!!!
    7
  13817. Yes!!! I Agree 😃I'm in Cali when it comes to Beaches Florida Wins Hands Down!!!💯😎🌴
    7
  13818. When I bought my house, I found it on a RE website, Immediately emailed the agent and told her DONT SELL THAT HOUSE! Did a contract over the phone, gave the sellers their asking price, they accepted and gave their tenants a 30 day notice to move ALL. WITHIN. 4. HOURS. EASIEST process in the world for us. What took the most time was for USDA to get the paperwork through since they were backed up due to all the applications they got during the low rates rage.
    7
  13819. As the years go by, you will not be able to live in the same area if your income does not keep up with the RENT increases....
    7
  13820. You first time home buyers you have a window to make sure your credit is on point, pay off you credit cards and keep saving. No vacation, no eating out rice and beans everyday. Gotta prepare for the storm before it hits I see a 2 year window at least stay positive.
    7
  13821. I was hoping you would comment about this. Good to know you guys are safe
    7
  13822. I slept in a tent last night and was happy I got a free spot mountainside Prescott. My coffee did taste fantastic this a.m. I'm alive and happy!! 😊
    7
  13823. You have been all around Florida almost and finally found a place to fish for free. It looks so beautiful. It's called the Sunshine State for a reason. I'll have to try some snapper. Nice that you were able to take the time to visit you Grandfather. 13 years since you had seen him. He really wants you to come again I think. I experienced long time away from family because of divorced parents too. He was certainly glad to have you visit. Lisi was excited that you were visiting the family and that they had some four legged animals. She loves them so much. I will also have to try that IPA beer. You keep missing the gators. However you really did catch a nice sunset. Thanks for all you do for us each week. I know it can be a lot of work making the videos, Like you said. You are making a difference helping people to see Florida and select a place that may be right for them.
    7
  13824. $6300 a month is absolutely ridiculous. That is $75000/year, to RENT. wtf is going on in this world.
    7
  13825. You are 100% right, besides home prices, the prices on insurance and taxes on homes have also risen down here.
    7
  13826. Mike I live in Ocala. Not the most exciting place but it's home. People are friendly. I love it here. I feel comfortable, and as you said its affordable.
    7
  13827. All of these investors are making things impossible! I feel for those who really need/want to buy an affordable home these days! Lots of hoops to jump through!
    7
  13828. 18:45 you're open to where life takes you...as long as it's not back up north lol. Love these vids man they're helping me get through this garbage winter. Looking to book a consultation very soon.
    7
  13829. Last week a spike of 100 basic points on T bills 1 month never happens before let that sinc in
    7
  13830. When do you plan on being in 🍊County? I hope you enjoy the actual geography. Unfortunately, the state is being run to the ground by absolutely horrendous agendas and decision making. (Coming from born and raised and current Cali resident)
    7
  13831. NO..No..This is what I deal with everyday in LA !!!....Too many people, in too little space, with too little courtesy......Sad thing ,it's only getting Worse......Please, Michael, show us the Beaches ........Thank you...
    7
  13832. Man, I watch your vids with envy as you walk through beautiful Miami. Thanks for sharing your thoughts
    7
  13833. True! Property taxes can come down. It is based on your assessed value. If that goes down then the property taxes go down. Let the prices fall!! 👍
    7
  13834. That storm affected the entire Eastern Seaboard! Waaaay up here at top, in Massachusetts and Maine, more than 75% of us still have no power. Unbelievable.
    7
  13835. Happy to hear your moved story to Florida successful...you are a brave man especially you speak your mind...thanks for sharing it!
    7
  13836. I commented on a previous post that I had to walk away from a deal after home inspection. Seller would not make repairs and didnt want to negotiate. A week later we are back in escrow with a 50k price reduction. Seems like a bad time to buy but so cal will always be a competitive and the house is in the area we always wanted to be. Your videos have been extremely helpful. Thanks!
    7
  13837. This is a good dude! Wish him the best. Thanks for looking out for the regular folks.
    7
  13838. Someone shouldnt be financing a tv or a vacation.
    7
  13839. Thank you Michael and Happy Friday! Enjoy your weekend!
    7
  13840. Congratulations Michael. Love your show and content
    7
  13841. Totally insane, and unsustainable
    7
  13842. Happy Thanksgiving 🎃and all the blessings for those in need of housing!! 🪴🪴 Thank you Michael for providing honest and no nonsense up to date information! 🤓
    7
  13843. Yes, we are the Leftovers 😩 Taking care of elderly parents (they have a house) or we would have been gone.
    7
  13844. My boy... just make more money. I never have to complain. I never have money problems.
    7
  13845. First
    7
  13846. 30k rent per month?!?! The owner only wants a 1%'er to rent that house...LOL!
    7
  13847. This is called county tax deed sales. Whenever someone goes 3 years without paying property taxes their home gets put up for auction at their county courthouse. Some properties go to otc (over the counter) when no one bids on them and they can sell for as low as $100
    7
  13848. I left San Francisco last summer but mainly due to the lockdown affect on the economy because of coronavirus
    7
  13849. Congratulations!!! I'm just north of San Francisco agree on your points, coupled with the perpetual lockdown/stay at home orders and repeated fire evacuations...I'm keen on leaving this year for Florida myself. Something I noticed while looking in other states our insurance is higher, our food (eating out) is higher, we get taxed on just about EVERYTHING...the only thing I think I will miss other than family/friends/what I've always known... is WINE. I do love our wine country. haha
    7
  13850. So fortunate I have family I will visit and stay and find my way around which be a big help
    7
  13851. THATS RIGHT GET PAID FOR YOUR TIME! Love your show. Giving us the real deal about The Florida market. It might not be said enough... THANKYOU
    7
  13852. I believe gold is inflated and has been for the last year at least. It’s current price is in response to inflation. People are buying into gold like never before which is contributing to the over pricing.
    7
  13853. I absolutely have no desire to buy a house. I will use the money I would be spending on a home if I were to purchase, and just continue to invest. That's how I am building wealth.
    7
  13854. My friend was looking to buy condominium for his daughter in 2020 before prices and rates went to the moon.. he’s a cash buyer but couldn’t stomach $300,000 for a borderline ghetto condo.. didn’t buy.. I’d say prices will be forced down sooner than later..
    7
  13855. Hi Michael Thank you for showing Flagler beach. I agree with you that there’s nothing appealing of the town as a whole. The only attraction is the beach, but the sand is definitely a funky color! ⛱😄
    6
  13856. Excellent video. I like the home example and housing depression. The houses are overpriced by 25% or $88,000 which means a home that sells for 358K actually will end up 269K. The housing depression will last 10 years and result in many delusional sellers. The tradeoff costs for 25% to 35% price reduction are 0% equity appreciation; 0% Home Price Growth; 0% ROI; 0% cash refinance and 0% No HELOC. Don't give up hope because the housing depression is around the corner!
    6
  13857. California will always be home. The diversity in culture, weather, activities, food, etc is unmatched anywhere...but...The state is pervasively expensive & badly run. Hence, I am considering to move east (perhaps N Carolina, Georgia, Florida). Again, Calif will always be home & probably will be buried here...but for now, will have to relocate to get a piece of the American dream.
    6
  13858. Constantly sharing your videos. Someone asked me if you were always walking in your videos. I said yea. I said he’s the “relatable Realtor”. ❤️ Love your updates on the market, economy, rates etc. 👍🏼❤️
    6
  13859. When I bought my house in 2001, I did not use a real estate agent. Quite frankly, I can't even remember how we did it but I actually bought a House from a friend who happened to be selling it. It was pretty smooth.
    6
  13860. Thank you for a great video. I have lived in Southern California my whole life. I love it, and it's worth every bit of money I make as a teacher. LOl. Try the San Diego beaches, Laguna, San Clemente or Crystal Cove in Newport. Also, make sure to ask the locals about the best little Mexican food places. There are many craft breweries around, and I definitely recommend seeking them out. There is traffic, but you learn the back ways and the best time to drive. I am lucky that I have always worked in the same city I live in. That would be a good tip for anyone thinking of moving to California.
    6
  13861. What I see is the real estate market coming to a screeching halt. The only people buying will be either all cash or extremely wealthy.
    6
  13862. The rich neighborhoods here are also doing so much construction its nuts. I guess they all decided to do it all at once?
    6
  13863. Like all your very informative video's. Thank you for all you do to get these video's out to us.
    6
  13864. Why do we even bother to try and live right?
    6
  13865. Good to see someone spitting some real stuff from my hometown! I left Miami 25 years ago and I’m missing it!
    6
  13866. Good choice not to want to move here. Not very convenient at all. Im sure there are some great St Augustine suburbs that are better.
    6
  13867. I live in a brand new development, which I been here for only 2 years, and some newer residents about 1 year un is already selling. 😢I am in Wesley Chapel Fl
    6
  13868. Like I said, move to higher ground in Florida if you want to leave a future inheritance for your kids.
    6
  13869. I’m from NY and transferred to UCF lady August. I enjoy it in FL and want to relocate to Miami/Fort Lauderdale after graduation. I really hope I can find a reasonably priced apartment by my December 2022 graduation.
    6
  13870. I remember the 08 crisis was hard my dad lost the house and things were crazy back then people think it was easy buying back then when I remember how hard it was to qualify for a home and prices were sinking everywhere
    6
  13871. Great video thank you sir!!!!
    6
  13872. No matter what you buy…you’ll never truly out right own anything because of taxes & insurance…..especially “TAXES”!!!!!!!!!!…you can opt-out of any type of insurance once the loan is payed off(homes,cars,boats,etc.)….although going without insurance is not wise!!!(whole life insurance is very,very,very important)
    6
  13873. cant wait to move on down to florida here in the next few years! the north sucks. ill take maybe a hurricane once or twice a season that might not come near florida over guaranteed snow and cold weather every year here in ohio.
    6
  13874. Great video Mike. Thank you. I Googled the story about the couple in SF, OMG! The city dropped the fines but they can’t park in their own driveway. It’s based on an old ordinance and the city wants them to provide a picture of their house way back when with the drive way. A picture of their daughter taken 36 years ago standing in the driveway was turned down by the city. Not old enough the city said. Only in California. Very sad.
    6
  13875. All the nurses and coders I work with learned what they know AFTER they got into their jobs, not in school. School is a waste of time and money in most situations.... not ALL, but most.
    6
  13876. I'll be excited if the Florida market comes down to an affordable level again, so we can finally buy! But I will say the HOA fees are very high now. It's a rigged game and you can never win. Still, will be interesting.
    6
  13877. I will wait until 2023, thanks for this great video!
    6
  13878. Keep in mind selling in an expensive state and move to a cheaper state, there is on problem. Cheap states have cheap wages. Cheap states tend to have worse schools too.
    6
  13879. You are very biased to Florida. I used to be as well. Now, I would never live in Florida because of the conservative politics. I disagree with you on your thoughts in the Covid policies. The terrain in California is so versatile and therefore not as boring. When I lived in Florida I got really tired of the flat landscape and the heat I. The summer. If I could afford to live in California I would only consider San Diego.
    6
  13880. Thanks for taking us along!!! I agree with you, The Market Square looked like more fun!!! If you are looking for a safe community, anywhere in The Villages looks like it would be very safe.
    6
  13881. Single family home units are so overpriced in the kendall area! Houses are outrageously expensive but then we have low mortgage rates
    6
  13882. I'm moving to Orlando soon so I needed to see this
    6
  13883. Lease options are a trap and usually not worth the hassle... good advice, thanks
    6
  13884. work trip. you are living the live my friend.
    6
  13885. In Miami right now $500.000 will get you a small, ugly house in a not so nice neighborhood. You need more like $650k and on top of that the salaries in Miami are way below the cost of living.
    6
  13886. I lived in Jacksonville for 14 years and I have to say that it has a wonderful business climate and there are a ton of jobs between huge corporations (primarily Banking and insurance) with two naval air stations however, Miami Beach it is not... but still not too shabby. Secondly, most of the condominiums in Panama City Beach, Florida are short-term rentals and always have been. There have never been an abundance of hotels there, almost all the tourists rent condos. There is a whole sub economy of property managers and condo cleaners there.
    6
  13887. Hi Michael you are correct, 400 dollars does not do anything. That is why people should never buy a car, rent or buy a house that they cannot afford nor live above their means. People surprise me that they do not do any homework, al the scam artist will come at the time when people are the most vulnerable. Due your research, but if it sounds to good, is definitively a scam.
    6
  13888. HERE COME THE DEVELOPER SHARKS
    6
  13889. Thank you for your intelligent and informative videos.
    6
  13890. Interest payments on mortgages is hundreds to thousands percent in the beginning. Now you know why the banks are always looking for you to refinance or buy a home.
    6
  13891. Prices are going up in Ohio
    6
  13892. I told that the Villages is not just for retired folks. There is plenty of people that live and work from the Villages and may go to work in the area. The Villages is far from dead. Any hobby is there, there is probably a group in the Villages. I follow Jerry and Linda on YouTube. They have everything in the Villages and you can still leave the Villages to get where you need. Furthermore, the Villages are open to everyone. Anyone can drive in and go to a restaurant or whatever. Just anyone can't use their amenities like the golf courses, pools, sport courts etc. The Villages is a happening spot. All that music and amenities come at a price. It is very secure area and maintained impeccably. I learn all this from following Jerry and Linda and some others. I have a coworker that works from the Villages. If you remember I'm from Maryland. You'll find there are several communities within the Villages. It's great, if that is your style. Like you, we are used to hanging out in a vibrant city that stays open until next day. This won't change for me in retirement. This is why I think south Florida will work for me, if I can be in a vibrant city. I've learned Florida has something for everyone. Enjoy
    6
  13893. I bought a home in 2020 at was able to get a rate of 3.25%. I got the house at an attractive price and the value appreciated significantly over three years, which helped me to sell, pay off the mortgage, purchase a smaller home outright and put money in the bank. I have a friend who missed her window of opportunity in NJ, where home costs are astronomical. Forget about it now. She'll be renting indefinitely.
    6
  13894. One thing that may thwart a substantial (nominal) drop in housing prices is the history of Fed intervention. Any crash and deflationary behavior of the housing market and the Fed turns on the printers and stimulus. That action is very inflationary. Yes, people still can’t afford it, and tons of people will still wind up being pushed out of their homes via tax increases and insurance so the idea of economic decline you have is still very valid. It’s possible the Fed will realize it just can’t do that anymore, but some people think they will keep doing it until we find ourselves in hyperinflation, housing or otherwise, affordability be damned. In an inflationary environment it’s best to invest in assets, yes, but taking on debt for real estate is a bad way to invest in assets when you just wind up getting it taken away by the bank. You can just buy gold and Bitcoin and stocks based in basic materials, energy, etc
    6
  13895. It appears that only a small group of buyers will qualify yet there will be many people paying the "fee". Where will the extra money go? I can guess.
    6
  13896. You’re not kidding when you say it rains A LOT in Florida.....and all year ‘round, not just in the summer like people think.
    6
  13897. Can sinkhole testing be done prior to purchase?
    6
  13898. Just EXCELLENT ADVICE! Ensure that you don't become a 'COUCH POTATO', when you retire. Heath IS Wealth:all the money in the world, without being in good health, is useless. Every Video of yours, Mr.Bordenaro, is worth, seeing ❣🇺🇸 Roland Singh, Canada 🇨🇦
    6
  13899. Man I wish I lived in Florida it’s amazing and has so much more to explore than my home😒
    6
  13900. What a beautiful and chill island! Thanks for sharing, Michael!
    6
  13901. Merry Christmas to you too. One of my favorite videos.
    6
  13902. Move out then if you can't afford it. This is what happened to California decades ago. You need money to live near the water now
    6
  13903. im a professional skydiver. i took some rich a hole on a skydive. i asked where he was from. he said Miami. I was like that's awesome I have never been there. his response was ( yea that's because its MIami not YOURami... I'm always surprised how much puke the upper-class guys can produce. felt so bad for him. couldn't have happened to a nicer guy.
    6
  13904. Texas never appealed to me yea you can get a big house for 300k property taxes though are extremely high but i just feel its overrated and whenever a lot of people are moving somewhere prices will go up
    6
  13905. I really like Venice, FL. I’ve visited there, Sarasota, Daytona, and Orlando. I came to this video because I’m wanting to move somewhere in the country to call home for a few years maybe longer. Tampa seems to be pretty cool too
    6
  13906. The only thing you need to know about this housing market is the rent is too damn high!!
    6
  13907. GOOD to seeing You mix it up & I feel that Your reports are REAL ... mvc
    6
  13908. Hey Michael!🌞Thanks for taking us to the beach😍 on a virtual vacation. Wish I was there!!! We had to cancel our trip to Miami this year!😠Ciao from Cali!!!😎🌴
    6
  13909. Hey, I'm in the Montreal area and I can't do anything about it! If I was to re-start my life, I would move in a heart beat, job or no job.
    6
  13910. Same shit diffrent year!
    6
  13911. GEN Z here!! Yes we watch you lol
    6
  13912. Great video. I'd love to see more of these videos.
    6
  13913. Michael, what do you think home builders do with unsold new home? Reduce price or stop building?
    6
  13914. I'm a regular joe waiting to buy a house during this madness. Love that by the time I'm ready to make my move, I'll be like 1000% sharper as a result of taking in all your vids. Excellent stuff man. Thank you!
    6
  13915. I want to know when all of the sellers are going to start lowering prices. I look at the price history on homes in Tennessee for example; homes purchased just 4 yo for 175 are being marketed at over 400k 😡
    6
  13916. So I’m a big fan and I like a lot of stuff that you have to say and I’ve been in the mortgage Industry for a very long time, 20+ years but a quick question that I have is when you see all these properties for rent that are like 17K plus etc. do you feel like they are trying to offset the taxes and have a write-off and that’s why these places aren’t being rented or sold?
    6
  13917. Not sure if you've made a video already or not on this but if not you should make a video on best places in Florida for young people and college graduates
    6
  13918. I just booked hotel rooms every month this summer in Atlantic City. Mid week room rates were unusually cheap! I don't even normally go there in July because it's expensive
    6
  13919. Correct. I would rather pay a lower price with higher rates, vs insanely high price and lower rate. However, I doubt the FED will push rates up as they will make excuses and wimp out as usual. Also the govt will relaunch moratoriums, forbearance, etc., keeping prices and property taxes higher. 🤡
    6
  13920. I got an email sayin my insurance is dropping me. Going from $1400 to $2400 in Clearwater Beach
    6
  13921. I wanted to move to Boca Raton, but now it’s impossible to find anything decent for less than $500K
    6
  13922. Can’t wait to move to Florida (2021)! I live in Delaware and fat and gross food is everywhere (which is shocking to me as a native NYer used to finding healthy food and walking everywhere)
    6
  13923. i am so glad that I found this channel!!!
    6
  13924. I'll take the single home no HOA every time!
    6
  13925. First time listener to your channel . I believe you're right, we're already in a Recession, Banks are in trouble, Credit card debt is significantly increasing . More people are being laid off, prices are going up - food, gas, utilities . Rents and mortgages are going up .
    6
  13926. I think you are focusing on involuntary foreclosures. During the GFC many of the homes foreclosed on were voluntary foreclosures, aka, jingle mail. It remains to be seen how much that will be the case this time. But with inflation pushing more and more people to the edge, it may just not be an option to refi into a 40 year loan. Can you imagine a 40 year old couple refi'ing to a 40 year loan? They would be in their 80s before they paid their home off. Which means they cant really afford their how and better in letting it go. Also for those worried about the RIETs, during the GFC they lost on average 72% of their value. And they were better capitalized then than they are now.
    6
  13927. Miami is one of only two American cities with the classic qualities coveted by style-conscious international buyers; a great climate and international mystique. Los Angeles is the only other city in that category, but it's a trainwreck now. I live in Tampa, which also has great weather--but no worldly allure--and we will witness the distinction as the numbers evolve.
    6
  13928. I know you’re talking about serious stuff but I’m in love with this place where you’re walking. It’s so beautiful as I sit here and freeze in the northeast…
    6
  13929. In Brazil, pretty much anything can be put on a payment plan. Want to buy shoes? You can spread it over 12 payments. Getting people on payment plans for 0% interest sounds like a no-brainer for buyers and a loss for merchants, but I bet in the near future it will flip: kind of like sites or apps that are free to attract loyal consumers and then they add payment schemes later. So eventually there will either be interest rates or the payments will be tightly restricted so any discrepancy results in hefty fees.
    6
  13930. I know that Florida has one of the highest auto insurance premiums in the country. When I lived in Florida, I was paying $2,400 a year for full coverage, perfect driving record.
    6
  13931. Well my pappy always said you gotta own the land son. I member's that one and my mobile home sits on land I own. The home is mobile but most of the cars around it are not. Point is don't rent in a mobile home park....try to own your own plot.
    6
  13932. Uninsurability. Just another way to kick the hard working average Joe out of their homes. . .
    6
  13933. I am a true Floridian, I was born here 56 years ago. I live in one of the suburbs of an area mentioned in this list. Besides Tampa, Orlando, and West Palm Beach, the other areas do not have any diversity. I was checking in at a resort in the Naples area, and the worker told me I was at the wrong location before she even read the reservation I presented her. I guess she assumed people like me could not afford to be there or was not wanted. More specifically, the resort was on Marco Island. I must admit, my family did not see anyone else that looked like us at the resort, except for the workers. That being said, Ft. Lauderdale is not my home, but I would move there in a heart beat.
    6
  13934. well this means that no one should want to work for these guys going forward. and doing business of any kind with them should be questionable and its not just sign on bonuses some companies are trying to go after employees for things like cost of training etc??? also if they company fires people/ lays them off just prior to the time requirement would that not show Bad faith and intention to cause the failure of the contract?
    6
  13935. Your Dad is the same age as me. We never had kids but ourselves but when we left home I am sure my parents packed me up, ordered a cab and called a locksmith. 🤣🤣
    6
  13936. Here In Vegas the prices are dropping and I really wanted a home. So my plan is to rent out a highrise room for a year and then look for a house to buy after. Ill probably end up saving money that way not paying for higher property tax, closing cost, intrest rate, maintenance etc.
    6
  13937. Where will the inventory come from? Most Americans who own will stay in place due to lower payments. Starts are down and continue to decline. Inventory may remain tight keeping prices in place to slightly lower. Just my thoughts. Appreciate your work.
    6
  13938. Can confirm. My grandma sold her house because of maintneance costs and taxes.
    6
  13939. Gold and silver are insurance. It does nothing for you until you need it.
    6
  13940. Dead wrong about the food! I was transferred from OC, CA to OC FL and spent 7 years in Orlando. I was transferred back to CA, but visit the friends I made in Fl every year. A trip through the grocery store in FL surprised the crap out of me...meat, fish, vegetables are much more expensive in FL..as is the wine. California provides about 50% of the country's produce...it's fresh here...the stuff I see in Fl is as fresh as the stuff I throw away here. So you are dead wrong about the price of food. The rest of your video is pretty right on, except property taxes. We may have a state income tax, but our property taxes are lower as a percentage of home value. So I believe taxes are pretty comparable in general. I am considering FL for retirement. Having lived in both places, your video was pretty good!
    6
  13941. Don't panic, You can buy a crack house for $650,000, I was getting scared for a while.
    6
  13942. It's HOT in NY!!!!!
    6
  13943. I’ve had clients that got an offer the first week but they won’t negotiate the first week and then it sits for months... ultimately sells for what they could have gotten on that first offer!
    6
  13944. It really is a perfect storm
    6
  13945. You da man Michael!!
    6
  13946. Michael, glad you made it back to Northern Illinois for a visit. Like I told you before. I am a lifer here in Elgin. It's bad in January and February but I like a change in seasons. Fortunately our town continues to grow little by little. I think Florida is pretty great especially in winter. I like the east coast Miami to West Palm Beach. Say hi to your dad and safe travels.
    6
  13947. Nothing in NYC has gone down .A studio for 1500 is in the other Boroughs. In Manhattan very small studio will cost one 2750 a month. And to qualify you need a income 40 x that. means $income has to be $114,000 a yr.
    6
  13948. "I'm shooting this outside" I don't believe you :)
    6
  13949. Amazing
    6
  13950. Love your content Michael, my fiancé and I watch you Travis and Steve Daria religiously! Great insight and unbiased and honest information! Keep up the good work!
    6
  13951. The problem is that so many people want to finance a lifestyle that is way beyond their budget. I am guilty of this too in years past, but luckily, I got my act together. Listen to the Dave Ramsey show and you will hear these people call in who make excellent salaries, but are living paycheck to paycheck because they’ve accumulated massive amounts of debt. I don’t know how anyone could possibly have over a few thousand bucks in credit card debt at most but these people are calling in to the show saying they’re like 60, 70, $80,000 in the hole to credit card companies.
    6
  13952. I live in Brooklyn nyc I pay 1600$ 2 bedroom that’s why I’m not moving yet and saving up . I know I’m lucky to pay that price . But I know you can definitely find something affordable here , just look outside Manhattan.
    6
  13953. Those incomes are just to afford the house. Your S.O. needs to make the same to pay the other bills 🤦‍♂
    6
  13954. Going to coin this phrase now: future home equity as a down payment 😂 it's coming
    6
  13955. I lived in Kissimmee during the 2004-2005 hurricane season, about the worst ever in history for Florida with 3 within like 7 weeks. I dealt with close to 3rd world conditions right here in America for multiple weeks since transformers kept getting blown out. We left boards on our windows for 6 weeks straight and it was so hot and humid. We had a hell of a time, and I will never forget it. Just because thankfully you dont have them often, they can surely hit inland of Florida without a doubt. Praying for all involved.
    6
  13956. I just closed on a $275,000 Line of Credit Equity Line on a $500,000 free and clear rental property. Not sure what I will use for. Groceries, gas, or purchase distress deals. Meanwhile the parking lots and stores at Lowes and Home Depot are empty.
    6
  13957. The Midwest (primarily the Dakotas and Minnesota) generally stay above 90 and get well into the 100s in the summertime, and down to -50 in the winter. It's not that we're complaining about the hottest days as much as we're complaining about having the most extreme weather in the country 🥲
    6
  13958. lovin mike
    6
  13959. Definitely agree with your positive message.❤️
    6
  13960. Its only natural. The 30 year mortgage was designed because that was the average lifespan of the average workers employment. Mortgage translates to "Death Note." As modern 'workers' live longer lives and work longer spans of time, the "Death Note" will be increased to match it. A 50 year "death Note" will be the norm as 'retirement' goes the way of the typewriter.
    6
  13961. Michael Bordenaro this video was awesome! I would love to see this for rentals on the west coast!!
    6
  13962. Living right next to the beach in Miami is such a gorgeous lifestyle still being in a lot of Americans' wildest dreams .... ,
    6
  13963. No. Live in a 6 story condo
    6
  13964. wasn't really considering a condo, but definitely won't now. renting houses down there seems to be very cheap
    6
  13965. We are selling, only if we get the right price. House is paid off, no worries if it doesnt sell.
    6
  13966. omg....the prices in the Miami area are completely out of control!!?? $1.8M for that little turd of a home.....insane. Golfed yesterday and shot a 77....3 birdies. Timmy C Arizona
    6
  13967. Have the insurance companies explain HOW "supply chains" are negatively influencing them. I do not understand.
    6
  13968. Before you know it, all of us in the United States will have to move out and go live in the Philippines
    6
  13969. 39% isn’t that big, considering that the last two years we barely had any foreclosures. What’s the average amount of homes for closed in in a normal year, and what it it now? We are still in record low foreclosures.
    6
  13970. Great video Michael, we can always count on your info on Florida.
    6
  13971. Their greed will be their downfall.
    6
  13972. 4th reason: These excellent informative videos you release ☀️🏖You are appreciated.
    6
  13973. Looks like the seaweed is starting to pile up in the keys
    6
  13974. Gen Z is going to go through a lot. All of them need to read Robert Kiyosaki's rich dad poor dad book and implement it and figure their future out. By then the dollar might not be the world's currency. Any one that says you need to learn the 'value of a dollar' like most of us have heard through our lives, needs to be tuned out and those who earn money and invest smartly are the ones gen z must get their information on how to do it. Any parent of a younger child out there or future parent needs to keep this in mind. If you can't teach them about smart money and asset accumulation, then find someone who can teach them; it is your duty. Their lives depend on it. Most government programs like pensions, welfare, social security, etc will be greatly reduced or simply gone.
    6
  13975. No more waiting! The travel series we’ve all been waiting for has begun!
    6
  13976. Rents are down in cities that defunded the police lol
    6
  13977. Those walks remind me of the Miami vice days, 😃👍😁🥩🔥🍺
    6
  13978. Yep, my mom used to put our Christmas gifts on layaway. There was actually a desk where a woman would go to the back cage and get your items once you paid them off. I also remember banks had Christmas clubs! Back then our parents did whatever they could, without going into debt. Imagine. Whole different world now. And we were broke back then, it's all relative. We just did without until we could.
    6
  13979. Sure enjoyed your walk. The house prices you that you talked about are INSANE for this area. This is what is called a mixed bag neighborhood. Beautiful homes on one side of the street and old crappy homes on the other side of the street. A lot of towns in Florida are like this. This is not a good time to buy period. These high home prices cannot sustain themselves much longer if interest rates rise, which they will. Cannot wait to see what you think of the gulf side of the state.
    6
  13980. My Cash in the bank is making 5% now and to Me that is Magic.Each month extra money Magically Appears.
    6
  13981. I'm from the UK and I'm seeing empty properties coming on to the market. It looks like landlords are cashing out as their tenants are failing to pay their rent. Certainly more inventory on the market and signs of price reductions happening already.
    6
  13982. When I first heard “Surfside,” I immediately thought of your Collins Ave Drive video northbound🙏🏾. Be safe and continue to pray Michael... we all are!!
    6
  13983. 18 years in Miami Beach and still throwing my own gears! :-)
    6
  13984. Love to hear your thoughts on Insolvency of Citizens Insurance and how the Governor will try and fix it or will it come out of citizens insured?
    6
  13985. NAR said THE EXACT SAME THING in 2008. At the time, the local association (SAR in Sarasota, FL) spent a lot of money on billboards touting "There Has Never Been a Better Time To Buy a Home!", or something to that effect. We all know how that turned out.
    6
  13986. Great points. I grew up most of my life in new york. I just cant see myself moving somewhere else
    6
  13987. Hello Michael Bordenaro I would like to see a video on how to buy a land in the North side of Florida and hire workers to built my house, the way I want it designed and if it cost less by doing this or is it the same price on buyinga home already built?
    6
  13988. Cute video!! Loved her calling for gaters lol Honestly, I'm glad you didn't encounter any :)
    6
  13989. Simple, Bidenomics
    6
  13990. Same!!
    6
  13991. Im a teen from Lithuania and i would love to move to Florida as an adult, though im not sure how hard / easy that is
    6
  13992. ​​ @MichaelBordenaro "Do as I say, not as I do" is what I got out of it. But actions speak louder than words, wouldn't you agree Sir ?
    6
  13993. Merry Christmas and thanks for sharing Michael 👍🏻 I haven't been online and have a lot of videos to catch up on! Getting a down payment is the easy part out of it all. One needs to have a low debt to income ratio, good money management skills, solid employment and extra cash stashed away for the unexpected to keep the house 👍🏻
    6
  13994. Travis sounding like hulk hogan with all the "brothers" 😁
    6
  13995. I like your idea. We gotta be ready when there are times come. Real estate is cyclical. Great job!
    6
  13996. Happy New Year Michael 🎉🎊🥂
    6
  13997. The reason mortgage rates went up is because the FED is buying half of the MBS’s that they used to buy
    6
  13998. WOW! How cool is this..... You and Travis on together! Love you both 💖
    6
  13999. I've never heard of home prices going down in my 59 years old or it was for a very short period of time, so go buy it if you can afford , you never regret investing in property never ever in any place on planet Earth. Thank you Michael for your great videos and also I'm not questioning your expertise on that , it was just my experience as someone who hesitate to buy from 2008 till now.🙏🙏🙏🥰❤
    6
  14000. That is the weirdest developmentI've ever seen. Homes on pilings which means they live on a virtual swamp.
    6
  14001. I lived in Miami back in the early 90's. Crime was insane. I can't imagine how it's like there now.
    6
  14002. No matter what happens you missed the boat if you didn’t buy by 2021. Prices have gone up way more than they will ever go down. On top of that interest rates have more than doubled and foreclosures require cash which only about 20% of buyers are using to buy. The entire housing market is a train wreck and will likely never look the same. I am struggling to understand how anyone will ever afford a house again given the rising prices and lack of rising incomes.
    6
  14003. Michael, Really enjoyed the Surfside tour. Appreciate you bringing valuable information to those of us considering a move to Florida. Florida is such a beautiful clean State. On to your next video :-)
    6
  14004. I am an Agent following the Aventura FL and Sunny Isles Beach FL condo market. I have seen price drops close to $100K from listing prices around this time in 2022. Assessments in the area are roughly around $300-$400 / month for several more years (5-10 years) and HOA dues at around $600-$900 a month. The only way that buyers can afford to buy in these buildings at the current rates is at a lower price, I believe even lower than what they are now. We will continue to see price reductions in our area. Some sellers have moved and now are paying all these increased expenses on a vacant property, they can only carry these expenses for so long, then you just drop, drop, drop
    6
  14005. That house at 3:25 would sell for 350k in Pittsburgh.
    6
  14006. Unemployment is not low. Companies gave jobs away to foreign countries
    6
  14007. As usual, Michael, you're always right on the money. Your analysis is always spot on and i love listening to you while I'm working. You could be talking about clouds and I'm all ears.
    6
  14008. DFW is dropping fast! The boom towns of the last 2 years are tanking.. Prosper’s median is down 200k from peak. Frisco down mid 20s% Keller Is down 38% in 6 months . The Dallas suburbs have grow incredibly fast in the last few years and are now in a major correction
    6
  14009. We have a lot of empty houses in Canada. They all criminals' money.
    6
  14010. 🥇 TGIF
    6
  14011. I've heard of FTHB programs where it doesn't even have to be your first house. Only a certain amount of time passed between your first house & now, or something. So check.
    6
  14012. This man has a great jawline. Great vid.
    6
  14013. There was a house party at an Air BNB rental in Lakeland, Florida, last Sunday and a 19-year-old man was shot dead. Outlaw air bnb
    6
  14014. Hi from Australia and I cant believe the cost of owning a House there,Meaning You need so much cash to pay for all the cost's over there.
    6
  14015. just when we thought debt couldn't get any worse.
    6
  14016. I think 2023 will be the window to buy at -20 to -30% from pandemic highs. But only if you have very reliable work strong emergency savings, and aren’t completely dependent on refinancing to a lower rate in the near future. If you can swallow that I don’t think it’s crazy to buy. Once rates start coming back down in a few years it will be too late to get in as the market will start climbing back to what we called pandemic highs. I’ve been watching new builds that were 750k at pandemic peak and at 600k now. I’m going in at 550k + 6% closing costs in the coming months.
    6
  14017. Somewhat greed in housing prices has led to this as well...
    6
  14018. Keeping up with the Joneses is an expensive proposition and guaranteed to give you many sleepless nights
    6
  14019. I thought of you immediately when I saw this. This is terrible...I'm so sorry.
    6
  14020. When it rains in Florida, EVERYONE has water front property :O
    6
  14021. THIS IS AWESOME! INTERMITTENT FASTING IS ALSO REALLY GOOD FOR CELL REGENERATION, GOOD FOR THE SKIN. ANOTHER REASON WHY I WANT TO RELOCATE BACK TO FLORIDA.........THE SUN
    6
  14022. St Augustine is such a fun place to visit. The best thing (besides no snow) about Florida is there is always something new to see and do.
    6
  14023. I’ve looked at a lot of homes in last few months including 2 open houses today. I’ve noticed NO ONE is sprucing their homes up. Baseboards and walls are all dinged up and needing paint. Nail and screw holes in the walls need filling. One house the screen was ripped on patio had duct tape over it cracked window glass and hadn’t seen a mop in long time it looked like. And they still think it’s worth top dollar.
    6
  14024. Thanks Michael, I enjoy all your videos. It was fun seeing your old stomping grounds…and meeting your Dad the other day, you always make things interesting…thanks again, Jack
    6
  14025. How long will investors stay invested in the company taking these losses? I foresee bankruptcy...
    6
  14026. Hey Michael 🌻 You are spot on. . . You speak the truth 🕊️ Congratulations on your plaque 🎉 well deserved 💕
    6
  14027. Jason will be homeless by Nov 2024, wish I had some of that good weed he is smoking!
    6
  14028. Demand is already completely gone. Houses in my market are ALL collecting dust. Nothing is selling in a weekend anymore- St Pete FL
    6
  14029. As a Florida native from the Tampa suburbs, it's super annoying that a bunch of old people are moving here. I wish they would move somewhere else.
    6
  14030. Redondo beach is one place where short term rental won’t go out of style
    6
  14031. The million dollar home you showed is quite the fixer. It can be like this in Hawaii as well.
    6
  14032. Property taxes need to be addressed. ASAP! Reductions need to happen. How can this be done??
    6
  14033. A measure of wheat for a penny
    6
  14034. These disgusting predatory lenders have the same attitude towards their targets as the bandit leader Calvera had of the peasants he stole supplies from..."If God didn't want them sheared, He would not have made them sheep." (The Magnificent Seven, 1960)
    6
  14035. I quit my first two jobs and raised my income by 25%. Got politically laid off on the next and doubled my income before retiring. Engineering degree was the key. PS, also dropped XM radio - just not in the car enough.
    6
  14036. Michael, don't let your wife walk on the side of the street. She should always walk on the inside xoxo
    6
  14037. The only problem I have is, I don't feel comfortable putting large amounts of money in these types of banks. I'm talking about couple of thousands. I heard chime was robbing people they just randomly close people accounts, or one day you will get a random transaction. on your card from places you never been.
    6
  14038. 40 year mortgage! Start at age 25 end at age 65! Seems like renting is a better idea. Sounds like a 40 year trap. Stuck for your entire life or move and pay a bunch of fees! It this what they mean when they say, "It is 2030 I own nothing and have never been happier"
    6
  14039. Interesting. On a side note. Me and my wife have been checking out Portugal. Houses and Flats for sale, with an eye on bailing from the U.S. We want something totally different.
    6
  14040. I have visited Florida every year since 1958 in every month of the year. The state used to be much more relaxed with a slower pace. Now there is too much development bringing too much traffic and too many people. I can deal with the heat but not the crowds and the traffic. We decided not to retire there for those reasons, not to mention real estate is getting overpriced even by northern standards.
    6
  14041. Watching from Costa Rica.🏖 I enjoy your walk-arounds! Especially, the areas that have boat, after boat after boat. I'm waiting on the sidelines, to fly back to the U.S., to buy one of those bank repossessed boats.
    6
  14042. Michael, Great " soul searching " video !.... I'm 2x your age, when I was 35, I went back to college in 2 years completed a BA an MA ( Behavioral Sci. : Negotiation and Conflict Resolution) ...Not for me , but for my Family ( only one to graduate from college). You are going through the"if onlys"....If only I did this or that !.....Please, Michael, don't second guess yourself.....Life works out the way it's supposed to workout !! Your Memories are your Best and most Valuable Assets when you grow old , Not $$ !!! My Life took so many twists and turns, that I can not logically explain except, that the Almighty is in charge.....Man makes Plans and God Laughs !...Hope this Helps, my Friend.....Godspeed.....
    6
  14043. I live in south Florida , I’ve been trying to buy something for the last 2 years and half , and you can’t find any decent houses for less 400.000 , it’s all overpriced trash houses and sellers don’t even consider your offer ,it’s crazy how they think they’re untouchable ! But prices already coming down and they still asking unreasonable prices ! I’ll be waiting when the table turns ! Everything that goes up must comes down!
    6
  14044. I start June 3, but I was a State worker who finished 5 years of DROP, and now I’m returning after my required year off in order to get my $8 health insurance back until I’m Medicare eligible in a couple years.
    6
  14045. The security company got all their money and pay the guards the minimum, they fell sleep on the night shift and do nothing.
    6
  14046. "cloud burn" is real!
    6
  14047. #1 real reason people move away from here is people moving here. You named 2 or 3 reasons people move here and leave..locals move too bud. This really says alot about how outnumbered the locals are.
    6
  14048. I need a 25% drop to invest in real estate.
    6
  14049. The Atlanta market needs to pick up the pace on the price reductions. Inventory is sitting longer and contracts are falling through, but rentals and home prices are still way too high.
    6
  14050. In Taiwan, we get yearly typhoons and multiple earthquakes. There are no wooden buildings; they're all concrete.
    6
  14051. LOVE the nature walk through. Will you take us python hunting for the next adventure?? 🐍😆
    6
  14052. Michael. Your advice is realisticand spot on.please keep up the great work. We have found immense value, as we are moving towards U.S property ownership and guiding others. Keep up the great work
    6
  14053. Takes time for the pricing reductions to hit the market, Sellers and companies like Zillow will delay as much as possible to inevitable. Be patient, nothing stops you from making a low offer. If you cannot get a price that you are comfortable with Walk away.
    6
  14054. The rats are leaving the sinking ship
    6
  14055. Quality homes will always bring a premium,During the buying craze less than quality homes we’re bringing premium prices.These are the homes that need to have a price reality check now that inventory is up
    6
  14056. Number ONE rule: It's NOT how much you make. It's HOW YOU USE IT
    6
  14057. Without an HOA to fine them, not much you can do. You can complain to the local government if there is a health issue (trash etc.) or if the lawn is unkempt. But that is problematic on how well the local government enforces the codes.
    6
  14058. Florida was affordable in the early 90's. Then all of the northeast moved there and drove the prices up. I will never live there. But I love to visit.
    6
  14059. This is a national phenomenon to varying degrees, even Midwestern strongholds like Indianapolis, Minneapolis/St. Paul, Columbus (OH), Cincinnati and Pittsburgh are seeing skyrocketing prices. Even with a correction, housing affordability looks bleak in the long term. This will kill economic and geographic mobility for most people. Housing prices are far outrunning wage increases, even for those with college degrees, or those in skilled trades, or who own small businesses, or just someone making a decent living. Even average real estate will becoming a luxury item. When a renovation/flip of a 1950s-1970s average home is hitting $250-$500k in the Midwest, The South in addition to Florida, things are not looking good. The solution is to have a mass building and development again like post WW II, but with new methods. But the NIMBYs make sure that does not happen.
    6
  14060. Crime does not fly in my area either. They will put one in jail, they get to pick up trash and scrub toilets.
    6
  14061. Re casinos….gambling and liquor sales actually increase during a recession
    6
  14062. When I get those calls from lenders that tried it Excite you about getting an equity line. I yell at them and tell him to quit doing that to people. It makes me angry.
    6
  14063. It really is like Disney for seniors.
    6
  14064. I have friends in Arizona paying over $2500 to rent apartments... crazy.
    6
  14065. Any of us who have a home in the Miami area can sell our overpriced dump easily and take the cash and buy somewhere else. Since we will be the last to collapse time is on our side. The supply of brain dead buyers is almost unlimited! The dumpier your home the better- every home at the lower end sells as fast as it is listed.
    6
  14066. I’m totally agree with you 😎 Sometimes i take a break and shut off the phone. I wanna do it more often 🙌🏻 I wanna life my life.
    6
  14067. I love all of the subjects you cover. It is fascinating how they all intertwine. I would have missed many of these connections if you had not brought them to our attention. I wished they had taught these things in school. Thanks
    6
  14068. I like the way you get straight into it.
    6
  14069. Great video my friend. I think i will stay with florida in this one. 🔥
    6
  14070. Clearwater has grown so much in the last few years that it's not even the same. Check out Indian Rocks just south of Clearwater.
    6
  14071. That's a very high rent neighborhood you're walking through Michael.
    6
  14072. Great video. Can you do a video on the villages and retirement communities in Florida? Thank you for sharing beautiful Miami with us. You are a breath of fresh air.
    6
  14073. HI MICHAEL ...Derek From the UK here.. !iv been watching some of these real Estate agents .in various places ' including some giving advice on you tube . what i hear is a lecture ' on the amount of mortgage suppliers Withdrawing a service and WHY You should act fast to Secure a home even at a higher interest rate ! they try to confuse people or scare them , by stating ' the interest rates TODAY Are the highest since 2008 .. THEY NEVER Tell people that the interest rate in 2008 was 4.5% [in the UK] before the crash when it was lowered HURRIDLY to 1/2% Because of the sub prime CRASH .and stayed since .. IN THEORY . IF the crash NEVER HAPPENED we could be ' or should be' on a higher interest rate today As normal . people have got too comfortable on ARTIFICIAL LOW RATES . Fueling the high prices . SOME AGENTS Are getting Ratty NOW ' Cause they know the game is over . they could be next . too loose a job if the market slows or worse crash's .. we need a buyers market now ...im RETIRED And have always suspected this insanity .
    6
  14074. Be aware with Cape Coral that the city is converting from septic to city sewer with a cost of about $20k per 1/4 acre of property size, which is the average size of most properties in that city. Double lots and triple lots, which many larger homes are built on, obviously will pay double or triple the assessment, respectively. The assessment can be paid upfront or over 20 years. About $7k of the $20k must be paid in six years and the other $13k over the full 20 years. So it’s important to ascertain whether the seller has fully paid off the assessment, how much remains if not and, if the house is in an area where the work has already been completed or is yet to be started. You may not want to move into a neighborhood where the streets will soon be ripped up for an extended period to put in sewer pipes. Oh, and there’s about $2000-2500 extra to connect the sewer to your home, and that’s mandatory.
    6
  14075. Thanks Michael, very good infos. I’m Italian and I’m relocating in Fl with my family next year.
    6
  14076. The price of homes went down because they went up way too fast. However the prices are still jacked. Gonna take a major recession to bring prices back down to earth. Don’t know if that will happen cause too many 2-3% mortgages out there. People will ride it out.
    6
  14077. u make great vids bud!!!! Miami is the best city ever!!!!!
    6
  14078. Not too bad once your down there but I just traveled from fort Lauderdale to downtown Miami a couple days ago & it was terrible lol. Around 2:00 PM on a weekday & we were doing under 20 MPH on i-95 for about half of the drive 😡 That said, it's all relative to what you're used to. Coming from Ny or California, this is nothing. If you're coming from rural Ohio, 10 cars on the road might seem like heavy traffic to you.
    6
  14079. I never liked that idea either 💯
    6
  14080. Hi Michael, Great Video and VERY helpful for home buyers, and they do need help in a lot of ways. As far as AI goes it is bothersome when you see a thumbnail about a subject you're interested in and it's not even real its computer generated. I do subscribe to some Youtubers like Mavrick Of Wall Street, lots of b role and no video of him but I enjoy it because he is so smart and does not pull any punches , he tells it like it is. Im a College Grad Boomer in great shape but I am concerned about Young Folks and what they're up against. Everybody thinks things are ok but most of your Subscribers know this will be the LOST Decade....
    6
  14081. I had 2 kids in my 30s, we struggled with money but it was worth it and now they are grown and we bounced back financially, I stayed home and we lived on one Income, you find a way to make it work, i wouldn’t trade them for any money, I wish I had more kids, but had a boy and girl, so given my age, decided not to have more
    6
  14082. The current government will do anything they can to keep the economy "looking" good until the next Presidential election.
    6
  14083. Great video, however, I didnt hear you mention the Ft.myers area which right now is a sizzling housing market.
    6
  14084. Right, so, someone owns a house, and they rent the house to a renter. So, would you rather them not rent it to a renter? Would you rather they just let their home sit empty? Or knock it down? The wealthy help the poor people. The poor people can simply not to business with the rich if they're so worried about it. No one is holding a gun to their head.
    6
  14085. There is a RE training program that says now is the time to get sellers to pay 7%..3% to buyer agent. They are saying nothing has changed other than not putting commission in mls, but there are other ways to get that info out there to agts and the public. That training company says that YES. buyers agent gets both commissions as the buyers contract is a sovereign contract standing alone. Ive sold 2 or 3 homes in 32 yrs at open house..lol
    6
  14086. CDS Rental Calculator in the app store! It does everything for you!!!!
    6
  14087. Great video Michael! Thank you!
    6
  14088. right now people needs to pay their bills and save $$$ ( if they can ) Who's worried about credit cards and credit scores Worry more about shelter, foods, and your health. Speaking about that "yellow "old" apartment building. For those amount per month , the resident paying, in this location you could buy used home cheaper and have a large yard . Or buy a fixer upper and remodel it, for a cheaper price.
    6
  14089. That sidewalk rule is the way it is in many cities. I worked for the city of Portland Oregon and live in Vancouver Washington and they both have that rule.
    6
  14090. Michael definitely you need to spend time in Destin plus you cross Navare Beach also on your way down from Pensacola and also Okaloosa Island 🏝 Emerald Coast is the best part of Florida!!!
    6
  14091. Thank you for what you do for other fellow human beings.🙏
    6
  14092. There is a certain degree of risk in R/E transactions. The contingencies are in place to protect buyers and sellers. It is important that agents watch the contingency deadlines closely, and assert "Demand to Perform" letters if an agreed upon contingency is not met. I was protected to the fullest with both my R/E agents in terms of contingencies.
    6
  14093. GLAD YOU'RE BETTER.❤
    6
  14094. The rent is too damn high!
    6
  14095. I’m a millenial, bought a condo in 2016. Best decision i made, sold in mid 2021, crazy overvalued. Now im with my family renting below my means and saving (still on top of the sell). I am no market expert, i am a normal consumer, it doesn’t take a PHD to see the obvious… the market is slowing and we are in a recession. People either have an agenda (own a lot of real estate) or are just blind (believe the FED and GOV [transitory inflation and no recession])
    6
  14096. I would suggest you skip inland this trip. I would say to visit downtown St Petersburg and Dunedin.
    6
  14097. Michael, have you heard about the San Francisco Millennium Tower condo disaster? It is a little different than this, but the $100 million dollar repair still won't correct it.
    6
  14098. Great information on debt!! I also think paying off your credit cards is a must!! 👍🌞Nice Beach views, also.
    6
  14099. Interesting you are mentioning VA Loans. Today I saw a house for sale in Edgewater FL (NE FL right under New Smyrna Beach). Listing said motivated seller, you can assume the 3.5% VA Loan and it was priced under $300k. Really cute house but I am not a Veteran. How would a qualified buyer assume the seller's low interest loan? I hope to see more listing like that but with a conventional or even FHA loan.
    6
  14100. 100% guarantee of recession because we’re already in it. All the charts show recession in early 2020. Didn’t require adjustment of the recession definition then. The statistics that go into calculating “recession “ like gdp contraction are manipulated. We all feel it.
    6
  14101. Michael I think you are wrong about this town It’s quite nice and less tourist Plus very reasonable
    6
  14102. Love the yachts. And good advice from Michael about marriage. Take notes.
    6
  14103. Cash buyers are still active in my area, and not very price sensitive. Scratching my head because they are overpaying big time. Getting the impression some Europeans are looking to park cash here and have a bug out place in USA given the economic implosion taking place there. Volume of sales is way down but these cash buyers don't seem to care about price much.
    6
  14104. I have been refreshing my feed waiting for your new video to come out lol it has become a part of my daily YouTube routine lol
    6
  14105. My cousin just moved to Thailand at 54. I plan to do the same in six years when I turn 60. Nice haircut, btw michael
    6
  14106. Thanks Michael for being such an honest realtor. I'm seeing a lot of price reductions. You are saving people lots of money.
    6
  14107. When I lived in Florida in the 2000’s you couldn’t purchase flood insurance unless you were in a flood zone. Everyone here is talking like that is no longer the case, but You think hurricanes, floods , wind and rain were the things that you had to worry about. Guess what, sinkholes are another big hazard. My house turned out to be on a sinkhole. Luckily I was covered for that. It was a total loss, but insurance paid. Thank goodness!
    6
  14108. Became a mortgage broker this year. Not having a good time lol. Going to be going back to a job here soon
    6
  14109. if you dont have the discipline and patience to wait a few years on a good price then you should definitely rush into a 30 year loan. lol
    6
  14110. Honestly don't understand how the people around me can afford rental right now...
    6
  14111. If you get a poor person into a house, who does the repairs? If the repairs get subsidized then that should be paid back when the house is sold, if they don’t lose it first.
    6
  14112. Those rates are close to 8% on equity loans
    6
  14113. Hard times make strong men, strong men make good times, good times make weak men. Always remember this.
    6
  14114. When Powell said new buyers need to wait for a reset, I was shocked. The Fed will commit to removing themselves from the markets and we will see the real housing bottom. We didn't even get to the real housing bottom in 2008 because the Fed turned on QE. Banks are going to have to vet borrowers with more risk built in because they won't be able to offload their loans off to the Fed. These next couple years are going to be very volatile.
    6
  14115. This is so true Michael about the service and the quality here in Miami. Since we came here 6 years ago from Europe Miami changed so much. I see there is so much rip off going on in Miami in so many ways: Restaurants, contractors etc. Nowadays we do as you described and dine out much less and if only to fair priced places. Paying a fortune on a dinner is not equal with getting the expected quality here.
    6
  14116. HA... $5K A MONTH ! It's only worth two maximum. Such a rip off. If prices were reasonable they'd be booked in forever.
    6
  14117. Great video as always Mike. California lifestyle? High taxes, High crime, disease (long before covid), homeless people everywhere, insane people everywhere. Beaches are closed, parks are closed, trails are closed, soft curfew they can be enforced at any time, can't sit inside any place and eat (unless you're a rich Democratic politician). That's your California lifestyle! 40 years here and I pray everyday that the Lord Jesus Christ would deliver us from this terrible place. @ Michael Bordenaro: Do you prefer Michael or Mike?
    6
  14118. I moved to Florida to be closer to my ageing parents after living far away for more than 20 yrs. We didn't always see eye to eye, but I knew they'd have my back regardless. Helping them in their last years was worth some of the sacrifices I made and I don't regret it one bit. I'm sure you'll be there for your Dad when the time comes. I think it's beautiful to make and have this video. Much respect to you and your Dad!
    6
  14119.  @MichaelBordenaro  I've had realtors swear to me that this scenario wasn't going to happen. Of course as the saying goes, it is difficult to understand something when your job and livelihood depends on not understanding it.
    6
  14120. Excellent points, yet a very interesting time to bring up San Pablo, Spanish for Saint Paul, a controversial figure who later was blinded due to his spiritual ignorance. Be wise when you call a place named after him to be perfect, especially with so much karma on the way. But I digress, back to the blood thirsty greed of others where so many place blame...
    6
  14121. We in the Netherlands can do home insurance in a kind of foundation where people have normal salaries not 6 figures
    6
  14122. The last debacle...BoA in AZ had homes at auction in 3-4 months. CHASE in FL people lived for free for as long as 7 yrs.
    6
  14123. In addition to the risk of being squashed to death, I would worry over the unknown costs of future special assessments, which could be huge. You're also at the mercy of the condo association board and other fellow owners who might decide to drag their feet just like at Champlain Towers South. At least with a single family home, you're in complete control over maintaining it.
    6
  14124. this is a sign of the new mini home trend.....and converting shipping containers to living spaces
    6
  14125. My only dislike of this is that you went to subway lol is there a Jersey Mike's near you!? Definitely recommend!
    6
  14126. Hi Michael, Always like your videos! Thank you for the helpful information you provided. I am originally from Queens, NYC. Moved to Central California because my ex would not move to Florida. Been living in the central valley for about 30yrs now, divorced and almost close to retirement age, I'm thinking to move to the Sarasota, Fl area. I love California, it's a beautiful state. The beaches are beautiful if you just want to sit and and stare at them. Water is way too cold for this east coast lady. Plus it's a 2hour trip to Santa Cruz without traffic. As a single lady, would I be able to to afford to live near the Sarasota area? I'm looking into Palmetto for housing and other areas nearby. I don't want to be more than 15 mins from the beach. What do suggest?
    6
  14127. You are right on the money. We just bought near Miami from California. The message is "California is so expensive, Florida is so cheap". Not so. California is set up for real estate speculation with low taxes & insurance, captive renters and bullet proof appreciation. Florida is a speculator's night mare with very high by comparison property taxes, through the roof insurance & a history of booms & busts. Our house, built over 30 years ago cost more when it first sold (money laundering scheme?) than what we paid. Luckily we are in it for the lifestyle.
    6
  14128. A city i used to live in had water bills that high. They undervalued the high end houses ($2-20M) because the rich people that run the city decided the tax bills would "drive out wealth". But then they were short on funds so they jacked up the water rates. They charged working class people a fortune so they could undervalue the houses of the rich.
    6
  14129. Michael your videos about Florida are the best I've seen. One of my favorite towns in Florida is Mt. Dora. You should check that out sometime.
    6
  14130. I used to live in the Palmetto Bay and Pinecrest area and we used to get flooded all the time but what happens there is the soil absorbs all the water in maybe a couple hours. I used to live in Miami Beach 2 and it looks like it got worse but then again Miami Beach is built on Shell rock so the water dissipates anyway after rain storm.
    6
  14131. Hey Michael, I live in Broward and there's a mobile home neighborhood in Davie but you have to buy it, they don't rent. You have to come out of pocket between 38K to 42K upfront to cover the down payment and 4K insurance.
    6
  14132. some of my favorite places closed down during the pandemic. For ex suburban station in philly, had two fantastic coffeeshops serving commuters. Now there's just 3 crappy dunkin donuts. Small business owners can't afford a hit like getting 0 commuters for 2 years straight
    6
  14133. Michael, keep doing what you are doing and stay on point. Speaking the truth is always the right thing to do. Government hand outs is how we got into this mess!
    6
  14134. Michael ...All empires have fallen. What makes us different is we get to witness it in real time. I am not being conspiratorial! The situation that is happening in this country is not only un-sustainable but overtly irrecoverable!
    6
  14135. Been in Real Estate for 21 years and have never heard of "price improvement" until recently...Weird seeing Seattle on that outbound list. I remember when everyone was moving to Seattle back in the 90s and would have been on the top of that inbound list...
    6
  14136. I think I prefer buying starter website rather than made website
    6
  14137. You are on the money, Michael. There was a travel company with the same business model as Compass. It was enormous but went bankrupt. Be interesting to see where Compass goes.
    6
  14138. Hey Michael, you have recently become my favorite You Tuber and I look forward to your videos every morning. You seem like a regular guy who has gained wisdom at a young age on how to succeed in America. You are not spoiled like most in your generation.
    6
  14139. Best to use cash NOW as much as possible. It may prolong the process of switching over to the CBDC which is enabled by credit card use (track and trace)
    6
  14140. Hey Mike, great vid brother💯 Wondering if you can recommend a safe area in Florida to live in as a Canadian family of 5. I’d like to situate myself in a beautiful safe family oriented spot in Florida that does not have a high crime rate. 🙏🏼✌🏼
    6
  14141. I enjoy the fact that there is actually a cool breeze at night outside of south florida.
    6
  14142. This was very interesting. Laws change vastly state to state and county to county.
    6
  14143. well done ,good analisis
    6
  14144. Everybody just needs to settle down. I remember when interest rates were 15% in the 1980s which made it impossible to buy a house with a reasonable payment! I also remember in the 1970s when we had to wait in lines around the block to buy gas because the oil producing countries were flexing their power. People need to stop saying that these are the worst of times.
    6
  14145. A couple of notes on your videos. I like how you keep it honest without being an alarmist. Also remember lumber prices are down about 65% from their highs. It will take a little time to see this coming down at the retail level but small home builders might help bring pricing pressure to compete with current home prices. And finally everyone should read the book The Millionaire Next Door. I read that book along with others in the 90’s and it changed my outlook on finances from that point forward.
    6
  14146. 7/2020 I bought a 4 br 3 bath w/a 1br 1 bath apt attached which i rent out for $1,100.00 a month. No down payment VA loan. Mortgage payment is $1,073.00. I luckily got a fantastic deal.
    6
  14147. The only certainty in times like this is, there is no certainty. For me, no big changes, it's not the time to react every time the FED sneezes or when the S&P zigs when it should have zagged, or when the pundits predict impending doom or exponential growth. I'm going for the ride, I'm staying with the market, adjusting spending wherever I can, and not taking on new debt. If that's the wrong decision, I don't think I'm going to be alone.
    6
  14148. We live very close to Lake Michigan and have successfully used a portion of our home as an AirBNB for several years to supplement our retirement income. This has afforded us the opportunity to make many home improvements as well as meeting people from all over the country and beyond. Unfortunately, the gig is up since our township has decided to ban all STR's effective this October, so we too will have to make a decision very soon. There are some homes in area that were specifically purchased to AirBNB, however there are a few like us who have traditional rentals that are owner occupied. Sad to see it come to an end by governmental policies.
    6
  14149. Michael, what would you say are the best sources to use when researching the area a specific home is located in such as the immediate and surrounding neighborhood? I know you talked about the neighborhood issue while in Pensacola and I wondered if there were any suburban areas there that would be considered “safe”. I didn’t explore Pensacola too much while living in Navarre, but I felt there had to be better areas than the ones just across three mile bridge.
    6
  14150. Hi Michael! My wife and I are considering moving to Florida from Illinois as well! We live in Chicago right now... right along Lakeshore drive. Likely will be renters in Florida for the 1st year when we move down in May 2022. What are your thoughts on housing prices in Illinois vs Florida? Still more affordable in Florida despite the $ increases?
    6
  14151. Very honest and trustworthy. Great video.
    6
  14152. Frontier Mobile Home Park on Nebraska in Tampa has a new phone number. They had lots for rent 600 a month, now it's 950 a month. A business has moved out. I live in a residential motel. Rent there is 295 a week. At 220 a week earlier this year, the motel was packed solid. If you call there is only 1 room available, in reality though, there are many empty and ready to go. A 1 bedroom apartment on Florida Avenue is 1,800 a month. There is always units available. The question, is there a rent bubble brewing? People can only pay so much, I think that the rental market has exceeded that.
    6
  14153. regarding EV, I totally agree with you on extreme cold or extreme hot weather. The battery will drain fast. However, I live in Southern CA and own a Tesla. I love being able to charge at home. Around $7 per charge... 2-3 times a week. I pay discounted fees to the Power company because I own an EV. It's definitely not for everyone. I hope the other states don't mandate this same policy. EV still needs to improve a whole lot.
    6
  14154. Thanks Michael for the excellent review. It’s sad to see a classic hotel unfortunately to end up like this. Best Regards to both of you
    6
  14155. Bold final comments, a real slap in the face! There are good honest people, we're just not very coordinated.
    6
  14156. Another great and informative tour... Thanks mike
    6
  14157. Glad you keep it real!
    6
  14158. 35:30 And you might just bump into Harrison Ford on West Ave.
    6
  14159. Lol, I hope I'm not here in 80 years. 😂
    6
  14160. The side hustle thing has one major issue...who is going to also have the disposable income when everyone is feeling the squeeze? This time a hustle isn't going to work.
    6
  14161. real estate agents wont get fully wiped out just like travel agents are still around. Just like its possible to file your taxes or even file your own divorce on your own but some people who can afford it enjoy the sometimes huge added benefits of hiring someone to do those things for and with them. cheers
    6
  14162. Changing the topic @ 1:17 "behavior uncalled for" just came fr Walmart I tapped lightly the shoulder of a young guy to help me reach canned items on the top shelf I approached another young lady & she helped me out ,the employee young man looked at me & brutally snapped on me "You just tapped my shoulder w/o saying a word"..OMG got severe sorethroat w/ no voice the etiquette in Walmart employees could compete w/ proper manners in Buckingham Palace...they are all adorable in Walmart..w/ flu in season..sorethroat w/ occasional no voice don't go to Walmart
    6
  14163. Sounds like a parenting problem.
    6
  14164. Let's review the record of our esteemed Secretary of the Treasury, Janet Yellen. 2021: Inflation is transitory! 2022: There is no recession! 2023: The banking system is sound! Yellen's recent riveting testimony before Congress, where she admitted she was trying to drive small and regional banks out of business and needed Senator Kennedy of Louisiana to define what a "budget" was, was the icing on the cupcake. This isn't a partisan issue. A person is either good at their job or they're not. She's not.
    6
  14165. The crack on the dash if from the Sun, I have a 30th and the upper portion of the dash cracked like that from age, I think its the plastic they used at the time. I am also looking into investment properties, you seem like someone I can relate too, I subscribed to your channel.
    6
  14166. Goodwill why the F they closing? That’s the place where you donate what you don’t want
    6
  14167. 9:09- Look at all of those beautiful mangoes. For those of you not in Florida we're in the middle of mango season down here 🥭🥭🥭🥭🥭...
    6
  14168. In a relates story, house prices are still at record high levels.
    6
  14169. I drove today at 1:00 p.m today, and had the time of my life with the traffic jams due to 476 wrecks today.
    6
  14170. Well done video. Feels like I'm walking. Thank you. Also, your voice is very calming, and the way you described your walk made it entertaining, and even stop to show the flowers, and plants. Nice town Surfside.
    6
  14171. To many people up north and west coast buying a home for 300K is a steal . Even if prices are going up.
    6
  14172. Hell yeah dude
    6
  14173. Thank you for the video Michael. One question: what is considered short term lease and long term lease in Miami Beach? Thank you!
    6
  14174. Those parking rates are insane, especially with no shower. This was a good video with the Google maps clips, nice!
    6
  14175. You visited Dunedin during off season and off course limited events due to Covid. Prices are high because demand is high. Florida's original craft brewery, Dunedin Brewery is here along with 5 or 6 other craft breweries. In season you'll find the Toronto Blue Jays, and festivals pretty much most weekends. Art Festivals, Mardi Gras Festival and Parade, Dunedin Wines the Blues, St Patricks Day, Christmas Festival, Lighted Boat Parade, Day of the Dead Festival, Seafood Festivals, Octoberfest, Farmers Market, decorated golf cart parades, Craft Festivals, and there is more. Most of these events shut down the Main St to only pedestrians, no vehicles. The big events can and have brought thousands of people. Dunedin's beaches are Honeymoon Island and Caladesi Island and in season the bike trail is packed. Dunedin is a destination town with lots to do.
    6
  14176. 3457 Sheridan Ave is a blower upper. Buyer took out a construction loan May 10th for $1.1M @ 6.3%. God bless 'em.
    6
  14177. Remember when they bought the home they DID NOT! pay a realtor. The seller did!! But now that they're selling they don't want to pay a buyers agent! CLEARLY these people who don't want to pay are trash!
    6
  14178. You have given me so much hope that I can do this. I live in Tampa now but I have always wanted to live on Miami Beach. My son is a going to graduate college this year so it’s just me and I make above 50k this is totally doable 🖤
    6
  14179. You have the major players spiking in the markets, but everyone else is lagging, including the Russell and DOW. Its the type of thing you see right before recessions actually. The Russel is dragging because the entire business model today is built on ZIRP or at worst, low rates. Soon the debt they have needs to be rolled over, and they can’t afford that, especially with consumers losing steam. What follows next is RTO and layoffs for the general economy, not just tech. They’ve kept their employees so far because they saw how hard it was to get them, and everyone thought cuts would have happend by end of year this time last year. The big boys have cash on hand to weather storms and they operate business as usual until the recession is full swing. It’s always the same story when it comes to money flows right before recessions. The big boys are the safe havens, until everyone starts piling into bonds after a 2 or 3 bad employment reports.
    6
  14180. Seems more and more are pushing products on their channels now, like gold IRAs and other investments. has Google been cutting back pay for content creators? I pay extra to not see ads.
    6
  14181. Interested to hear what you think this will do to the rental market... specifically in regards to rents increasing or decreasing?
    6
  14182. Very cool that you took us by Robin Williams former house. Funny that it has a putting green set up in the front left-hand side of the yard! Nice neighborhood, but unassuming and peaceful. Nothing grandiose, but more down-to-earth!
    6
  14183. True - endless summer must be so nice!
    6
  14184. I disagree.. I have been in my house for 27 years… people do stay put…
    6
  14185. VA Loans can still hit 4%, but over all this will be a slow death.
    6
  14186. In the Philippines they build concrete houses for this reason. The damage is due to lax building codes in the areas with hurricanes in the US.. For the same reason a well built wooden house in California will be less damaged by an earthquake than a concrete house. Bulding codes are there to protect against snow loads, hurricanes and tornados and earth quakes.
    6
  14187. also the rising costs of city services like water sewer trash and whatever else you’re required to pay regularly
    6
  14188. Screw the haters! You rock, Michael! \m/
    6
  14189. Every 97 Camaro is a “30th Anniversary”.
    6
  14190. NY Post has a new article about younger people not being able to afford today’s rents so I can’t imagine next year.
    6
  14191. Looked like a nice area, property values are way out of wack right now.
    6
  14192. Lovely town
    6
  14193. Yes there should be a strong cap on international ownership. Now if they are going to live here that would be different.
    6
  14194. Another thing I am thinking about comparing Southern California to Florida. The trees and other vegetation in SoCal have become so dry in recent years. The leaves on the trees have become so brittle, they even look and feel dry....I find it so sad. Their colors are not as vivid as they used to be. Florida looks so green and beautiful. That is one reason I would like to go to Florida....it looks so lush and healthy.
    6
  14195. FL housing is not going correct as long as we have Biden in office. People are trying to get away from the bad economy everywhere.
    6
  14196. I currently lives in Quebec,Canada and I’m planning to move in Florida just to escape the cold winter climate.
    6
  14197. In my area we are already down 14% from peak and it has just started falling. Once it falls 24% more I will be buying! I’m guessing it will be in Oct-Dec. at some point in 2023.
    6
  14198. When people realize the prices are nuts and don't buy it will come down
    6
  14199. 401k’s will soon go to zero so at least he saved that money. But overall I agree - bad move buying a house for so much.
    6
  14200. the market is an instrument that takes from the impatient and gives to the patient..........W.B.
    6
  14201. Bro I eat toast bread and cheese almost daily. To save money
    6
  14202. Just you being you was simply enough for me. Love ya
    6
  14203. I sold my house in January 2022. In one week had 10 offers and winning bid was 20 % over asking all cash offer. Glad I sold it since house had foundation settling issues. Now I’m renting and feeling good 😎
    6
  14204. Every video you’ve made that I’ve watched has been full of information AND common sense. The unfortunate reality though is that most people don’t have common sense anymore. They don’t look at the bigger picture or what the possible pitfalls/consequences could be. Thank you for everything you do for us viewers!!!
    6
  14205. I prefer the Miami Beach landscapes!
    6
  14206. Glad you are enjoying the weather. One Other feature no rain until fall. Day after day of that boring weather. Ps. I bet your phone will behave better😊
    6
  14207. I had a $43 dispute on a credit card purchase, they said fine, we are crediting you the money and investigate the purchase, meanwhile somehow the $43 reported as a balance on my credit card to the credit bureau that caused my credit score dropped a few points for that damn $43 balance. So watch out on those disputes.
    6
  14208.  @MichaelBordenaro  I was actually so impressed with the setup here at Rollings Greens Village in Ocala that I'm going through training with Sunbelt Realty to turn people back home on to these. I can get you a 1500sqft double wide in the park for $39k.. and the village allows you to own up to 3 and rent two out. It's a lesser leveraged market.. mostly cash
    6
  14209. 13k a month for rent proves there's a sucker born every minute.
    6
  14210. Also if you buy a fixer, most of the time you'll be paying for the remodel out of your savings rather than rolling the finished product into the mortgage. It may or may not be a bad thing depending on individual scenarios, but it's something to consider. Being instantly house-poor? vs financing a house that is turn-key.
    6
  14211. When I was selling real estate years ago, I had several clients with that All or nothing attitude. Many missed out on the optportunity to build equity and gain their dream home later on.t
    6
  14212. Not on topic but it was awful about the Surfside condo collapse there 😞
    6
  14213. Hi Michael Great video…it’s scary to think that more Americans are struggling to own their home or even to rent. Large corporations are buying single family homes in cities, causing the home prices to rise and rents to go up. I don’t think it’s right to allow corporation to do this as they are only doing this to make money off the working class. I think the government needs to pass laws that will not allow corporations to buy single family dwellings.
    6
  14214. Markets like Boise Phoenix Atlanta Raleigh Seattle Las Vegas. Are nosediving like nobody's business. Michael my brother like always I appreciate. All your knowledge and hardwork. 👍🏽
    6
  14215. The weather is better in California per low humidity. Not to mention Spiccoli lives there and he's Rad! Timmy C Arizona
    6
  14216. Much wisdom in housing and economic futures. Just to put it all in perspective is informative. Spending is everyone's weakness. Income versus spending must be balanced and planned. But, public schools do not teach basic economics or even how to manage a bank account. Times are coming when repo man decides your assets on hand.
    6
  14217. but, Florida has floridians. Not even the crocs and mosquitoes can tolerate them.
    6
  14218. My rents are still up buddy south of Boston. Housing demand is high and supply is low. My soft cost have skyrocketed hence rents continue to rise
    6
  14219. I totally agree with this! We are in the middle of selling our condo in Iowa and relocating to the Tampa Bay area and we are definitely taking a hard look at buying a house or duplex instead of condos for many of these reasons.
    6
  14220. I was in Ft Myers June 2022 before the Hurricane. It was hard finding parking. Cost a lot to park near beach. Beautiful area before hurricane hit.
    6
  14221. I am in Georgia right now. I moved down here from NJ (don't regret the move) in April 2021. I want to move to Florida in a few years. I hope the real estate situation changes at some point. I love your channel. :)
    6
  14222. The Fed may start to reverse course sooner rather than later, but the flood of layoffs that are coming will keep the brakes on house purchases.
    6
  14223. Michael: Noone saves money anymore Also Michael: Been in vacation for a month. Staying in expensive locations 😂😂😂
    6
  14224. Definitely need to restrict our National “real” assets only for our own citizens. Land, energy resources, gold, silver, lithium, food sources, etc… Many nations will not allow foreigners from owning any real estate in their country.
    6
  14225. Remote work salaries are localized in the big companies at least. But they still manage to pay more because of the synergies they receive through hiring and employing remote workers.
    6
  14226. Corcoran is playing for her own account. When she starts underwriting MY risks, I will start listening. Until then, she's just another salesperson with no stake, who sold out of the real game years ago. She's like a used car salesperson: "Sure, But what'll it take to get you into this house... today?". BTW I saw this interview on Fox or Fox Business. There was a sycophant from the FED there too. The network talking head dig not a single ounce of cross-examination. NONE. I am glad you saw it and challenged it. BS like this (with words like "may" and "if" gag me).
    6
  14227. Another channel tip, Go cut a video on Tiny Houses in Florida. Show the types and prices, communities,,,everything you can find out. keep your videos short and Hold your viewer,,,, gradually over time you can build up your view duration, Seriously, Do a tiny house video,,,This is a real hot topic., Good Luck to you
    6
  14228. Congratulations on your YT anniversary! I am a fairly new subscriber and I really appreciate your videos. You share so much knowledge with us - thank you!!
    6
  14229. IMO, condo sales prices will collapse!! Look out below!! (That's what happened in the 2008 era!!)
    6
  14230. “Portland people are fleeing” 😧 Hopefully they don’t pack those policies in their bag 💼 when they leave!
    6
  14231. Thank you for doing this topic. I own the same very nice mobile home for 17 years. I left the state of Florida and rented it for 2 years. The insurance for a homeowner is different than from a rental. Suffice it to say, when I returned to the property, I am faced with a LOT of obstacles to get the insurance back. The alternative is Lloyd's of London which charges more than double what Citizens' costs. In my area (North Florida) we have had very dangerous lightning storms barreling through. (My place is paid off. Insurance is optional.)
    6
  14232. In Oregon the communists in government appointed people to the Public Utility Commission who then approved an 18% electricity rate hike. They're talking about raising it further next year. People need to start voting with their wallets. On Nextdoor people report that the actual increase is way more than 18%. If electricity was very cheap and the price of an EV was under $10,000 I would get one to zoom around town. But right now, it's not penciling out. The registration is also 3 times the amount of a regular car. They're way heavier too, and wear out tires much faster.
    6
  14233. Another awesome video! Moms are such Blessings. The family videos are your Best yet :)
    6
  14234.  @MichaelBordenaro  By time I’m down there it will be legal! Great channel by the way, very informative for this Michigan man, I’m in my twenties and likely to buy a condo/home in a few years 🤞🏻
    6
  14235. Interest rates are going to have to go up, one way or another, sooner or later.
    6
  14236. You have to be multi millionaire to live in Florida I used to dream of moving To Florida i had friends there In Orlando But what stop me from buying Home in 2004 is Every year I have to deal with hurricane 🌀 down there I can't deal with that year in year out so stay put in California If Florida insurance go to the roof more people will move to SC or NC My property taxes only 6k insurance 1k per year No HOA fee On a 4 bedroom 3bath 2225 sq home beach ⛱ town
    6
  14237. Loving the trend, but I am still waiting for more correction. The sellers still in the honeymoon coma.
    6
  14238. Michael, are you going to visit San Jose, CA? Do you carry pepper spray just in case you run into any criminals?
    6
  14239. I feel your pain, its just as bad if not worse in south broward.
    6
  14240. Your grandparents are people after our own heart, we kind of followed the same path to FL as they did. We traveled the state over the years trying out different areas of east coast, then the west, and eventually found our favorite area in the south west which we visited for our vacation for almost 15 years until our retirement. We live just south of them and love our little piece of paradise.
    6
  14241. I had a condo in Palm Beach gardens and i choose NOT to get insured. Just too expensive and limited coverage. As i used a HELOC to finance did not have to worry about a lender forcing me to get insurance and the condo HOA's master policy would actually replace the unit didn't need it. Self insurance is the way to go.
    6
  14242. I enjoy your perspective of Florida realestate. I was considering purchasing a vacation home in Naples, Florida. Considering all the current pitfalls in Florida, I will instead purchase a property in Columbia, South America. To add to my Costa Rica and Panama properties.
    6
  14243. The Fed and banks will find a way to keep this crap show going. Do you really think banks can handle the losses from auto loan and upcoming foreclosures? They'll work magic to continue this clown show.
    6
  14244. It may not be true everywhere but from what I have seen driving by new housing areas is that new construction means shit construction. Talking slab builds in tornado country not even a crawlspace so all your plumbing is inaccessible. Cheap vinyl floors as far as the eye can see. That reason number two behind why I haven't bought new. Other then the insane 20% down amounts.
    6
  14245. Prices were going down because the Fed was fighting inflation and taking money out of the system. But then the banking crisis hit in February/March and now the Fed is pumping $$$ back in. Thus, inflation is not going away anytime soon and, yes, you will see housing prices stabilize and go back up a little. The Fed is protecting the banks and keeping the asset inflation bubble in place.
    6
  14246. I'm a designer in the entertainment industry, the fake job offers are super rampant in our field
    6
  14247. Yeah I agree Michael I think everybody should be mandatory to put 20% down on me and my wife had bought a vacation and we had to put 20% down but we’ve saved for 20 is my wife’s in Russia Z and I’m a truck driver for 28 years so ironic long-haul and believe me every day I hate it but I have no choice I’m out here with two houses but yeah man I work long-haul trucking
    6
  14248. Japanese government will allocate special fund(s) to help rebuild natural disaster area(s) as such earthquakes and/or hurricanes, etc. Japanese government will guaranteed in fundings for insurance companies to fix almost all the damaged home(s). Since I live nearly 8,000 miles away from Michael, literally on the other side of the planet, I don't exactly know how the US government FEMA will step up and help those individuals whose home(s) are damaged during these natural disaster 😔
    6
  14249. The economy and things will either get better or worse. I think we have all bases covered. 😂
    6
  14250. Great list. Been to all those places. Lived in Daytona Beach for 5 years. I'd like to make that or the St. Pete/Clearwater area my home for good. ... Oh, Pensacola and Pensacola Beach are real nice. Town between there and Fort Walton called Navarre is a real diamond in the rough.
    6
  14251. I'm so glad this video popped up after the flooded streets. Haha. My plan was to pack the car, drive to Florida then stay with friends in varying areas until I pinpoint where I want to be. I "think" I want St. Pete or Tampa, but not 100% sure. I was thinking I could rent an airbnb for a month, then try to put 6-12 months up front on a rental until I'm established (self employed). I have a year plus up front, but it sounds like I would still face an upward battle finding someone to rent to be without a "JOB" which I haven't had in 25 years. (self employed). Any tips for those of us who will not be walking into a traditional 9-5 job scenario?
    6
  14252. You will like this. I used to pay my mortgage to Homestreet bank through a check. I am trying to get this paid off as quickly as possible so I send a large amount. I live in LA but the bank is in Seattle and someone not the bank tried to cash it at a Seattle branch but my bank refused to do so thank goodness. Anyway I tried to set up something on line but Homestreet bank is so 19th century I was unsuccessful. So now I pay my mortgage by check taking it to the local branch in Pasadena LOL. At least I get a receipt of payment that way.
    6
  14253. Hey Michael, another great video! Thanks for posting. Any chance you may be interested in doing this same type of video for the West side of FL. Perhaps like starting just north of Dunedin, down along Gulf Blvd. towards Treasure Island, Pass-a-Grill and St. Pete beach? Lately, prices seemed to have really shot up along that corridor! Thanks and Take Care.
    6
  14254. Us too! I lived in FL for 15 years. I could never, ever deal with the humidity and heat in Florida again. It was like 70% of the year was on long hot muggy summer. The best thing about FL was the cheaper cost of living. BUT for some reason, out of the 5 states we've lived, Florida was the one state where we could not get on our feet. We spent our first 4 years of marriage sinking further. I realize it's different for other people though. In CA my husband's business has soared and we doing great financially. That plus the fantastic weather, mountains and beach make it worth dealing with state taxes.
    6
  14255. Home prices are toast , buyer should wait on the sidelines to get the best deal of their lifetime .
    6
  14256. My wife and I were empty nesters until our 23 year old granddaughter asked to move in with us she nice the rents in Hawaii are among the highest in the Nation. With her parent’s approval, she moved in and is paying 50% of market rent ($400/mo.) with the understanding that she would save money to eventually get her own place. She works full time but due to her shopping issues is still living paycheck to paycheck and does nothing around here to help out. We definitely don’t need the rent and had good intentions of helping her transition out on her own by following our example of hard work and living within your means. This video really hit home with us!
    6
  14257. Hi Michael. Great content. I'm in the Orlando market looking to buy my first home as a millennial. If I plan on holding onto this house for a long time, more than 7 years, and NOT selling, why would it matter if the market corrects? If the rates go lower, I'll refinance. Plus, in the long term the property will appreciate. They say time in the market is more important than timing the market.
    6
  14258. Hopefully someone can give more information about the castle you explored 😳😳
    6
  14259. If you bought in cities like Phoenix, Las Vegas, Austin, and selected others in 2022....Using a 3%-5% down Fannie HomeReady or FHA loan....You are already underwater. Those who bought with a 10% down loan will be underwater very shortly in Las Vegas, probably next to follow come January for those who did 15% down. When factoring in selling costs, they will be underwater even more quickly
    6
  14260. So why are prices staying at higher levels,,? this is what I’m not understanding.
    6
  14261. It's déjà vu all over again.
    6
  14262. It’s not just Florida! It’s Ohio. I bought in the last housing crash .. paid cash .. 73k. I’m still in the house today it’s wtf Worth 750k .. actually where I’m at the pay scale in the area no one could buy it !! It’s not for sale.. but I got foreign res. Trying to buy my home that’s not for sale !!
    6
  14263. I know what you mean. It's boooooring .....I grew up in a sleepy boring town to busy and exciting....I can't go back.
    6
  14264. It’s definitely correcting here in Vegas. We’ll see how far it goes before buyers step in. Rates pushing up really put the brakes on things. Hope you’re well Michael
    6
  14265. Good info MIchael, to your question about jumping into the market with a lower interest rate. For me I would rather have housing prices come down
    6
  14266. "Reassess your lifestyle." Mr. Bordenaro is bringing the hard hitters out, once again. Somebody's got to say it, unfortunately.
    6
  14267. Spot on. People are really underestimating the biblical wave of strategic defaults that could easily show up once equity drops 20-25%. Everyone knows somebody who got two-three years of free rent (and often still bought again in less than a decade). I personally think the wave of defaults will extend the bottom into about 2025.
    6
  14268. Anyone with room temperature IQ moved their money out of the bank and put it into a high yield savings account or put it in a brokerage in a money market account. Having money sit in a BoA account is a major mistake for many reasons.
    6
  14269. Can you do a vid on the wildlife you typically see day to day in Florida, great video tho I enjoy the driving ones
    6
  14270. Good info Mike, lots of places to choose from. My thinking, stay debt free, live below your means, save , and buy your dream house when your ready.
    6
  14271. Love SAint Augustine 🙃😁
    6
  14272. What my friend has found in the greater NYC area of Northern New Jersey and Southern New York, is the "Bottom Feeder Syndrome." These so-called "Buyer Realtors" are ONLY advocating for their percentage of the sales commission, and nothing more!! Since my friend is at the lowest end of the market, she's had Realtors lie to her about condos that THEY end up buying themselves, to use as rental properties! I see prices starting to come down in that area. It does look like people are hesitant about buying now. The only issue there is that rents have now skyrocketed out of control!
    6
  14273. ok, but can I have chickens roaming and laying eggs in my backyard?
    6
  14274. Tech employers are coming to realize that if your job can be done remotely, it can be done remotely in India at half the cost.
    6
  14275. There are a lot of foreign buyers parking cash in the Miami via home purchases. Latin America, Europe, Asia buyers.
    6
  14276. Soon, will only the wealthy be able to afford condo living in Florida?
    6
  14277. I rent in ON, Canada. The money I pay in rent is less than my average investment income (and then some) so in a way it costs nothing out-of-pocket. However, homes increased a lot post 2010. If I had bought back then I would be ahead now net-worth wise. You also don't have the "nest stability" that females really desire, so as a man you also sacrifice wife quality if that's your thing. So I'll keep renting and hoard my money, but if you're a young guy who wants a family, for god sakes stretch for your down payment and buy as soon as you can. Women always want stability of ownership, and men always want women. Just like the S&P 500, detached houses with land will always increase over the long run. Get yourself into one as soon as you can.
    6
  14278. Free down payments created, but can't afford longevity of home liability payments with 5% inflation let alone 8% . Worse than 2008.
    6
  14279. Palm Coast was built by ITT on a filled in swamp. All the stores and commercial development is on basically ONE street. So it's a nightmare to get to a store through all the traffic. Basically, it sucks. It's not that affordable either. Rent on a small side of duplex is $1,000 a month, plus electric, sewer, water. Houses may seem cheap but are built cheap. Fiberboard that is often left out to get rained on prior to completion of the home, so often moldy and rotted before it's completed.
    6
  14280. 1.2 mil. One private garage. Ok 👌
    6
  14281. Really nice video, back in the day: 1950's, The Beach was the Race Track !....Funny, I was thinking the same thing, why are most of the beach goers sitting by their cars.....it reminded me of a car show .....Happy B-Day to Lissi !!!......Ok, Take care.....Thank you...
    6
  14282. Imagine if genuine unemployment increases occur. There appears to be a rapidly tightening noose out there. Really feel for the young folks starting out. Have a son who is starting grad school in July. Finance major. I hope he will be able to consider home ownership at a reasonable young age. A big downturn will be the only salvation for a whole genetation of young people.
    6
  14283. Yo mike you got to make a video about north bay village theres like 9 luxury condos about to go up its gling to be like brickell in nbv wow !!! Look into that krazy i got a condo on adventure ave the breeze building bought in 2007 and cant wait to everthing is develop might cash out by then hoping its in the 650k or 700 s by then ... 450s 500k now
    6
  14284. Does the $450 traffic ticket include the late penalties and interest? Did the guy's car insurance premium go up because of the ticket?
    6
  14285. Short term lease would be useful information too. Thanks
    6
  14286. We will watch it all come down in 36 months or so. It's late 2007 right now.
    6
  14287. Someone admitting they’re in serious debt teaching courses on getting rich these days with real estate is Robert Kyosoki. We have to watch out for even what Dave Ramsey teaches not to get to excited but do more to getting sound advice.
    6
  14288. It is so sad to see humanity summed up to buyers and sellers. George Carlin was spot on.
    6
  14289. I moved our family from North County San Diego (Oceanside, 2mins to beach in Fire Mountain) last year after living there my whole life. I love San Diego and all the memories/family that still live there. But ultimately, nothing California provided, would be enough to raise my family there. Not even the fact we lived a walk from the beach. We moved to Boise Idaho and never looked back. It’s not that we couldn’t afford to live there. The opposite actually. We just knew the state wasn’t putting our tax dollars in the right places and giving back to our communities in the right ways. We have so much more then we would of had back in San Diego. Brand new Huge 3700sqft house on a 1/3 acre lot with quality roads, no homeless, no traffic and quality amenities and a real sense of community. The kids are thriving and can be gone all day playing around our neighborhood without us feeling like we have to helicopter parent them. And because we cashed out of California, we were able to buy a second home in Florida where we are a block from the beach, which is much cleaner than most California beaches with less crowds. Life exists outside the California bubble, but too many people living there have convinced themselves or got so comfortable that everything around them seems normal. If you're a young couple without kids, it’s gonna be fun and yes there’s a lot to do. But you will be competing for everything.
    6
  14290. good to see you two together , stay strong brothers 💪 , i remmber you both were talking about house prices coming down ages ago but hardly any one was listening . they rather wait till the main stream media tell them but thats to late. im in the UK and some people are starting to wake up now.
    6
  14291. I live in Utah and I want to move to Florida actually. But it's tough to leave because the economy is good here and that's good for my Auto Glass business. But there is no way I'll be able to buy a house here because the housing market here is crazy! Was encouraged to see that even though the FL housing market is crazy as well, there were still some zillow listings Under 400k!
    6
  14292. THAT WHOLE AREA IS SHIFTING & SOME CONDOS BUILT IN 1977 FELL INTO THE CANYON
    6
  14293. Wait….WAIT!!! Sir, we do not honestly believe an American or a Florida resident bought a house for $15 million? Absolutely not!
    6
  14294. It's been a while! 🥇 150k WOOHOO
    6
  14295. I would really like to sell then buy this year (1 bath/no garage is a pain) but don't want to suffer a big value drop soon after. We will be in this next house for at least five years, but I'm still torn... 3 br/2 ba rentals are almost non-existent in my area, at least at a reasonable price. Plain Jane 1,600 sqft ranches renting for $3k/mo, which is ridiculous. I'd be able to buy the same house for $1500/mo.
    6
  14296. Smart move if you can get a home this way. Probably pay the same as you do renting. And when the sh!t hits the fan, there will ANOTHER program to keep you in your negative equity home using more taxes raised from the middle class.
    6
  14297. I respect your honest explanations of the unfolding housing collapse....
    6
  14298. “How’s the best way to do that research, well you gotta watch more of my videos. “ Me: Good point. Subscribed!
    6
  14299. you need to shop around for the best auto insurance price every 5 years or so. It's a tactic they use on safe drivers everywhere, not only in Florida. I just switched my company and saved around 400 a year for the same coverage.
    6
  14300. When prices go down and people start buying houses for less than other people bought them, will the property taxes come down? Or will the states not want to let go of that extra revenue?
    6
  14301. Yep I’m renting in Florida. My area median sell price when loans were 3% was $1.1m ($525 sq ft). With hoa, tax and insurance 20% down still over $5k a month plus the closing cost of around $30k. You can’t buy anything that you could rent and cover the mortgage in case you needed to move.
    6
  14302. As far as the couple with $3M in their retirement account taking out a $50K HELOC goes, it depends on what form their retirement money is in. At their ages not only would taking money out of the retirement account incur additional tax on that money (say minimum of 12%, but they would also have to pay a 10% early withdrawal penalty if the money was tax deferred. They could easily have been looking at 22+% in tax on the withdrawal.
    6
  14303. Me and my husband are 50 years old with a young spirit. Originally from Morocco so we love the beach. I don’t like crowded and noisy areas. Any suggestion?
    6
  14304. Michael you could if you had to. You do what you need to to survive.
    6
  14305. Right?! He jumped right in 😂 I was getting set up to take notes & figured I’d have time between the introductory music & the customary “Welcome back to the channel” greeting. Imagine my surprise when I heard “Tip #1” right off the bat 😂 I had to hit the pause button with a quickness I didn’t know I possessed, lol
    6
  14306. Many states have passed law for gold as the legal tender
    6
  14307. I like these videos even though I don’t even want to more to Florida.
    6
  14308. Thank you for making this video. There will be enough inventory and some normalcy again- just be patient. Avoid buying from a flipper- they're the same people that snatched house buying opportunities from actual home buyers and waiving all contingencies/inspections. Just imagine the result of waived inspections, cosmetic cover ups, cheap upgrades and exorbitant price increases. You don't want to uncover a slew of costly repairs or replacements down the road on top of overpaying. I recently saw a house that was purchased in Feb 2021 for $500k. Flippers installed cheap grey laminate flooring, painted walls white and cabinets grey, then relisted for $850k in May 2021. Then two days later, reduced the price to $775k to reel people in. The mark up is ridiculous and for upgrades that you may end up ripping out later on.
    6
  14309.  @MichaelBordenaro  much like small town USA anywhere, between strip malls, big box retail, and the loss of American manufacturing, small towns were decimated after NAFTA. Ocala was wise to work hard to (rebuild) and refurbish their downtown. Giving all folks something to be proud of.💫
    6
  14310. Michael, I can't wait for the next vacation Vlog from you. Also suggestion, of course only suggestion. With many people moving to Florida, can you do a video of the pros and cons of the changes with the surge in population?
    6
  14311. I am not an old car enthusiast, but that old car in this video was bad azz
    6
  14312. GREETINGS MICHAEL.
    6
  14313. the Crash starts in Arizona,. Thousands and thousands of new empty homes just sitting there. Just be aware of water supply issues, promises and hope will not get you afordable water in the future, even water rights will mean nothing if there isn't enough water to go around
    6
  14314. Totally understand the traffic problem South Florida is crazy not the same place I grew up in
    6
  14315. Great points!! Florida is a special place and let's keep it that way☀️🏖
    6
  14316. I've lived in Northern California all my life . California is so big and politics are not the same in all parts, some areas particularly in Eastern parts of california. Where I live in Cool, ca. Most of the people living here are conservative and do not like the politics that have infected the rest of the state. Where I live housing is very affordable, for instance a 3 bedroom house on an acre lot runs 4 to 5 hundred thousand. I am so close to incredible recreation areas. I live in a hidden gem of california. I hope it stays that way.
    6
  14317. The reason people have crippling levels of debt is because the rent is too damn high!
    6
  14318. OH... One more thing.....Insurance is nothing more than the old " protection racket".....In Life don't "BET" against yourself...OK...now I'm Finished....(lol)....Thank you...
    6
  14319. My Zillow Zestimates ..went up over $10,000+ on 3 of my properties this week
    6
  14320. Media went dark on this...
    6
  14321. Awesome review. Helpful information and really opened my eye about to check the area out. No shopping or restaurants is a conundrum.
    6
  14322. I'm starting to think that living in a van down by the river is the best option... Houses need to drop to 2015 level prices and they should....This is all anxiety provoking lol, I am just going to enjoy Florida from your vids, at least for the time being.
    6
  14323. When businesses became so big things started to fall apart. I understand the economies of scale but the customers are now so secondary to the bonuses for the board and the shareholders. Then the customers are force to bail out these failures because they are too big. Ludicrous.
    6
  14324. What attracted me to your channel is the fact that you are walking neighborhoods. I’m also finding I’m not like most people. I also love to interact in person with humans 😊
    6
  14325. I love that you are always keeping it real Michael. Not many people are so open about how much their mortgage/taxes are and its extremely helpful for people trying to figure out the cost of living before moving to the area and what they can expect to pay. Thank you!
    6
  14326. Have you ever seen real estate sites/apps delete part of the listing history? I'm "following" homes in cities across the country. One in San Diego lists a sale in 2003 for $360k, next reported listing October 2022 offered at $865k, currently pending at ~$800k. (Early December 2022, $799,999) Jan 2022 - October 2022 sale history has mysteriously disappeared, but "Pepperidge Farms remembers." Sold in January 2022 for $796k, listed some time in summer 2022 for $1.079m, then dropped in stages to the reported October amount. Considering closing costs, this flipper lost his shirt. (Bought $796k, pending at ~$800k. Five zero three nine Art St, near San Diego State University.)
    6
  14327. The stupid village drunk that lives next door was talking like he was the next Warren Buffet because he bought the house across the street at the top of the market that was when I realized the bubble was about to pop.
    6
  14328. For the algorithm.
    6
  14329. Don't want to renew lease. Cash buyer here, looking for a home. Refuse to do overpay though.
    6
  14330. The only issue with that is that inflation if everything continues to go up a lot of regular people would not be able to afford the overhead of having a home 🏠. Gas, oil, water, electricity, repairs in your home, food, clothes, vehicles etc
    6
  14331. Most channels that cover these topics do what you did here, looking at national data and talking about the top/bottom 5 or 10 cities for each topic. That has its place and I'm not criticizing it, but it ends up being just a bunch of videos about Boise, Austin, Vegas, etc. Again that's fine, but of limited value to people outside those areas. I would be interested in seeing an in depth breakdown of 1-3 markets, and not the extreme markets that everyone is talking about. Even if the conclusions of that analysis are, "Well this area is kind of middle-of-the-road and it's hard to say what it might do in the future." Again I don't mean this as a criticism at all, more like a request. I think we all have a pretty good idea of what's going on in Fresno, Austin, and Boise right now. And to some extent that is relevant for other markets, but seeing a deep analysis of a market in Arkansas or Minnesota would be interesting and unique.
    6
  14332. I’m surprised anything is available at these cost being ocean front.
    6
  14333. I’m out. Home ownership has become overrated and now way overpriced. I’ve owned 5 homes over the years and haven’t seen anything like this. The Florida retirement plan may be changing. What’s worse is I’m in my home town.
    6
  14334. Yes you can get there in a golf cart You can get thru to all the Villages in a golf cart but would take you all day. Bridges and tunnels along with the modular roads get you through
    6
  14335. I'm so glad to be a highly experienced remodeling contractor. The experience is finally paid off! Goodluck everyone!
    6
  14336. Property taxes in Arizona are calculated very simply and I believe Florida is the same. If the state or county needs to collect $1,000,000 in taxes to cover their bills and there is $100,000,000 worth of property, then they charge 1.0% to collect $1,000,000 in taxes. If the value of the properties goes up to $200,000,000 and they still only need to collect $1,000,000 then they charge 0.5% to still collect $1,000,000 in taxes. So raising property values does not always indicate a higher tax bill. But... on the flip side, if home values go down to $50,000,000 then they have to charge 2.0% to collect that $1,000,000. Lets be honest... when does the government ever try to save money. More valuation leads leaders to do more public works.
    6
  14337. To me, the low interest rates are to blame for a lot of the speculation that has taken place. If a person cannot get yield in order to save for retirement above inflation, they go into further speculative bets which increases risk to their retirement portfolio. This opens up a lot of areas that traditionally were NOT a speculative market. Since there are funds available for less risky assets as real estate, financial corporations started putting real estate into investment vehicles that mostly had apartment buildings and started including single family homes in direct competition with people just wanting a place to live, creating a false market indicator of lack of supply. Eventually these funds will unload these assets because they will not have an ROI due to high prices and rents dropping back into affordability which is going to leave a glut of homes on the market which will drive down prices.
    6
  14338. As a guy who has been travelling his whole life and who has been living in several different countries on different continents I have one thing to say to those that contemplate retiring abroad: If your only experience with foreign countries are a couple of weeks here and there in a resort or hotel, an airbnb or on a cruise ship then you are in for a rude awakening. If your only language is English it's going to be even worse. You might have seen some friends or others post lovely pictures on Facebook or Instagram from Mexico or Spain or Thailand, sipping cocktails by the pool under a palm tree, but that is not what life in a foreign country is about. I won't go into details about the travails you are likely to encounter but believe me when I say that the grass is not greener on the other side, no matter where you come from and as all things in life you need experience to navigate the unknown.
    6
  14339. Another excellent video, Michael. Thanks for the walk on the beach! I'm getting close to retirement & watching my 401K become a 101K. 😢 May be working longer than I expected.
    6
  14340. Super informative brother... Thanks!
    6
  14341. Mass migration to cheaper states might be a new trend. Labor cost in California is getting ridiculously high. With homes getting older a remodeling project and house repairs will brake banks. Moving to cheaper states with much lower labor cost will be a much better alternative in my opinion.
    6
  14342.  @MichaelBordenaro  I think that groups like Strong Towns are the answer. We have to legalize places like this by changing the regulations such that they can actually be built.
    6
  14343. I rather spend my friday evening watching a Video from Michael than going out in over priced restaurants or loud and crowded clubs. Michael is a way better option 😊
    6
  14344. $500/month for Homeowners insurance😮
    6
  14345. That's because they have amazing weather and an AMAZING governor who has your back. Who wouldn't want to head there! I visited St Augustine and fell in absolute love with everything there, the beaches (no highrises) awesome restaurants and friendly people. I would love to live there, sitting tight for a while until the madness ends.
    6
  14346. Market is manipulated; inflation , GDP and employment numbers are not accurate...
    6
  14347. No Kidding!!!
    6
  14348. What about rents and cost of living? I live in Chicago and pay around 1400$ for my rent for 1 bedroom apartment with all the utilities. I have good internet, Netflix, my own parking spot and some other monthly subscriptions. You live in Miami Beach, how much money do you need per month to live there and where does that money go? I moved to Chicago from Europe, that’s my first city in US and i’m rethinking to move away somewhere in Florida because the winters here are hard and long and taxes are getting out of hand, if I’m gonna pay high taxes i will be better off living somewhere in warm climate and where is more easy to enjoy life. What do you think?
    6
  14349. I think it's obvious the market is going to go down with higher interest rates and/or lower interest rates because the economy is going down. But I would like to hear what you think will happen with the multifamily market in 2023.
    6
  14350. Great Concert Michael Love the Ballad!!!💯😎🌴Beautiful Views!!!
    6
  14351. A new term that I encountered during my recently initiated FL home search is.... CDD. What is this? Good/bad, avoid? Thanks!
    6
  14352. Tarpon springs is nice too. Check out the sponge docks. Lots of good Greek restaurants on the gulf. Also go to Fred Howard park. Beautiful area
    6
  14353. A terrible problem I have run into in south Florida. I noticed on your videos that the homes you walk past would be a code violation in Palm Beach County. I have zero property rights. I own my home but can't do anything to it not even a car port. I am on a lot and a half! Code Enforcement here is so oppressive and eager to fine I am stunned that this is permitted.
    6
  14354. Love your video ❤So sad what is going on 🙏
    6
  14355. Your house going up in value doesn’t make you rich. If you sell it you’ll just have to buy another over priced home. At best it would be a lateral move. If you’ve owned a home for 10-20 years and have seen the value of your home double or triple that just means you’re spending a lot less on mortgage relative to your income. It would be foolish to give that up if you don’t have to. And right now is neither the time to buy nor sell until the housing market becomes a bit more sane and normal. Right now it is not sane or normal. It’s as unstable as bitcoin right now.
    6
  14356. Did you see what happened in the financial markets? I think the 80-90% reduction all across the board across the world in real estate prices will show up in the next month😂
    6
  14357. Desperate Realtor's? That is why you should own a big dog. Sic em Fido! Watch the Realtor run away.
    6
  14358. Housing price .. Bubble n Bubble..
    6
  14359. your walking tours are very enjoyable..
    6
  14360. I'm born in California I'm 61 now and the politics here is crazy! Renter has more rights than the owner! One third of this state is on EBT insanity 🤔
    6
  14361. Thank you for all your information!
    6
  14362. Coach Greg Adams aka CGA, talks about gray divorce all the time on his show.
    6
  14363. We were promised a wealth of tiny homes, but they just kept building subdivisions of new townhomes and McMansions.
    6
  14364. This is what I told many years, at least you should have 20% for downpayment, better 40, and mortgages should be limited to 15 years.
    6
  14365. Nice video...relaxing.... Thank you...
    6
  14366. hello michael I have seem a few of your videos and all of them is bad news , home prices going down , insurance rates are going up, trouble for landlords , the american dream is dead, inflacion is sky up, layoff ,etc ,etc and I think your are a smart guy but sometimes people need some good news too , hopefully once in a while you can upload a feel good video , if not you will be known for the bad news michael
    6
  14367. So I can't afford to move to either beautiful places
    6
  14368. Why? Just why would you live in a HOA?
    6
  14369. Amen to your Property Tax rant — maybe we need— > “Michael Bordenado for President 2028” .. Lol 👏😁 🙏🇺🇸 // Excellent info here Michael .. TY ! Hi to you & Lisi .. Lord Bless You both— from Orange County, CA
    6
  14370. Completely agree with you Michael. 2023 from bad to worse, key words. Wish people would wake up. You can lead them to water, BUT….
    6
  14371. They should now drop the price down instead of raising it up.
    6
  14372. The video title should be: MAN LOGICALLY EXPLAINS WHY WE HAVE SHOT OURSELVES IN THE FOOT.......AGAIN.
    6
  14373. Keep making great videos Mike!!! I hope to be getting out of California soon!
    6
  14374. Someone please tell me why someone who can afford to rent for $25,000 would rent??? I would rather buy a house with a mortgage of $10,000 and just let it sit there. I know homeownership is not for everyone, but holy shit!!! That's a lot to just rent!!!
    6
  14375. Been doing cash stuffing for years (40). It works. Never new it had a name.
    6
  14376. IMO it’s only worth what the tax assessment says it is.
    6
  14377. Maybe it is a new form of minimalism... :face-fuchsia-tongue-out:
    6
  14378. And the condo owners have to pay for all the improvements necessary, if they decide to improve. Middle Class Gentrification takes place in most desirable urban locations. Tax increases and inflation are driving retired people out of their homes.
    6
  14379. That is absolutely amazing......God I miss Miami 😭🤣 Merry Christmas to you & yours my man, here's to a prosperous 2021 🍻
    6
  14380. Ocala has good access to some great natural springs. Also not far from the St. John river. Spent a lot of time in that area last winter.
    6
  14381. Hmmm… ME!🙋🏻‍♀️… needs to be friends with Kathleen @ $33/hr?! 😮Dear Kathleen, please tell meee WHERE?!😩🥴
    6
  14382. The storm is in Charlotte NC now. Wow, the wind is incredible.
    6
  14383. The best early warning signs is the Railroad Stocks. I think they are usually 6 months ahead. The big 4 RR dropped in July 2019. Then 2020 came. Market was already supposed to drop.
    6
  14384. Snitches get stiches michael. You sure these loan officers, lenders and real estate agents didnt jump you bc youre giving all your loyal followers the dirty details of this upside-down market???
    6
  14385. I bought a FL foreclosure directly from HUD in 2015. Got it for $40K under list price. Market value is now up $300K. I think I should have sold it a month ago.
    6
  14386. You need to do this every friday to talk about the week perhaps or biweekly, good talk. Thanks
    6
  14387. Never going to end. Money doesn't grow on trees😅
    6
  14388. Thanks for the honest sharing of your experience.
    6
  14389. THANKS MICHAEL. AWESOME CHANNEL BROTHER 👏
    6
  14390. The cost of replacing an A/C Unit today would probably scare your typical Drug Zombie straight.
    6
  14391. Some of the homes have Professional Photography and some don't. The ones that do really look a lot more appealing, do you agree Michael? Thats what I do for a living here in Chicago
    6
  14392. Dave Ramsey advises all his viewers not to take risks, however he is worth 200 million dollars because....HE TOOK RISKS😆😆😆
    6
  14393. I really enjoyed this do more of it if possible.
    6
  14394. Michael, you are spot on. You won’t believe what happening in Marin County, California. Most all cities in Marin County are going 100% electric for new builds. You cannot build a new house unless it’s all electric. No natural gas is permitted. The people never voted on this. It was decided by city councils in each city. Solution for lowering energy costs: turn on the oil faucet full blast, reinstate Keystone pipeline immediately, go nuclear, hydro electric with our dams, wind turbines, solar,etc . Open up the free market and let competition bring markets price down. It will happen very quickly. Forget about foreign affairs for awhile, put American first , get everyone working again, build strong military, audit all politicians especially all governors, senators and each incoming Presidents. Find out who is buying these politicians! If possible put wind turbines on inland’s, hill tops,and above sky scrapers in large cities like San Francisco. Solar on all flat roofs in regional shopping centers. Build more aqua canals to capture water then use the force of the water to generate electricity via hydro electric turbines. We must think outside the box. We might have to put people first for a while before the environment. Create competition, I guarantee you , prices will start dropping. I’m talking supply side economics, it works in most instances. This plan will not work with most Democrats. They are the ones that don’t understand simple economics. I studied economics in college. However, it’s old fashion common sense. Most Democrats are Not into Economics. This is the main reason our country is f….. up. Audit Biden, there you will find out who bought him. It’s real simple
    6
  14395. I’ve lived in Boca Raton and now Port Saint Lucie. Been to almost all the places you mentioned. From my personal experiences, Boca was nice. Beautiful beaches, plenty of restaurants. But it was lacking in live entertainment which makes having a few drinks much more fun. we used to slide over to Delray Beach for bars/restaurants with live entertainment. Boca was also extremely busy in “season” which gets old quick. Traffic,, lines at the supermarkets and 1.5 hr waits for a table at a restaurants. Port Saint Luice has more yearly residents which makes it a more stable and a good place to live full time. But the secret has been out for a while and it’s growing quickly, getting busier. Real estate is still affordable. We love Miami, go there all the time to South Beach. Don’t know if I’d want to live there. Same with the Keys. Love to visit for more of a chill, laid back experience. Wouldn’t want to be there full time. But like you touched on, many cool exciting places in Florida are only a few hours drive away. In PSL we are pretty centralized. Good video.
    6
  14396. Who are all these people who can afford to let houses in Miami sit empty for years? Foreign investors? Shell companies hiding drug money?
    6
  14397. Another great report Michael. Excellent content. One comment about corporate layoffs: They are not typically as dramatic as they seem... Let's say Google says they are laying off 12,000. That's 8% of their workforce. Typical attrition yr to yr in tech companies is about 13%.... Thus, they easily meet their layoff numbers by merely NOT hiring. Plus. in a layoff, over half are allowed to fill open postings within their company as long as it is not in a job tagged as a layoff... Most find jobs within and never miss a day of work or a paycheck.... Its all a game for public companies and quarterly reporting to their shareholders... The ones that typically get burned are white men under age 55.... They have no recourse... To your point, the lack of NOT hiring has a direct affect on housing. Keep up the great work.
    6
  14398. Exactly, I’m here in Florida, bought in 2020, and my mortgage is 1600 with 385 escrow in property taxes and insurance. Now fast forward to 2022, my property taxes increased 2k and my insurance has more than tripled…now my escrow payment is an additional 1155.00 a month. Absolutely insane…I called many insurance companies and its for the law fraud from the roofing companies and also the increase in value of our home if it were to burn down and cost to replace. So were does this end? “Keep going up”. It will literally get to a point that we can’t afford it anymore if this keeps happening.
    6
  14399. They hire forensic engineers to determine exactly what caused the damage
    6
  14400. Wow love this video 👏🏾👏🏾Robert Kyosaki has been saying this for years that your home is not an investment if you are still paying for it. It’s definitely a liability. Passive income is the way to go and that still has pitfalls.
    6
  14401. I love hearing good news from Michael B!
    6
  14402. Don't forget you have foreigners also buying homes which also jacks up the price
    6
  14403. Its not the interest rate only, it's a combo of the rate and the sticker price. That makes it unaffordable.
    6
  14404. You always give great information
    6
  14405. 🎉🎉🎉 Well I’m just curious 🧐 Michael….. why isn’t Lisi taking walks with you?? I Love Marín County 😊. We are Definitely in a recession right now, I don’t care how the terms have changed but how can anyone deny that we are in a recession?? Life is hard and about to get much harder. Thank you for covering so many things. We are all in this together wether you are rich or a regular Joe. Those people who are spending more than they have will wake up when TSHF. Once again, Enjoy your time here in California. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    6
  14406. Yes indeed the British Pound and Euro are taking a beating.
    6
  14407. Bigfoot needs to march to the capital and straighten out the politicians tell them what’s up
    6
  14408. My cousin, who lives in Tampa, loves Anna Maria Island. I have never been though…yet!
    6
  14409. I'm so damn tired of this miserable housing market. Been looking almost a year now, and nada. I even went and found a different job that significantly raised my salary to 170k just so I could afford more house, and still nothing. I don't even know of a single house to go look at right now, and I'm looking across 2 different states. How is this even possible? So I'm finally in the top 10% of earners now (thankfully), have plenty saved for a down payment...and in 2 months I'm going to be sleeping on a family member's couch. This is insanity. To a certain extent, it's almost like money doesn't even matter. But I don't care if I have to couch it for 3 years. I absolutely refuse to buy something I'm not in love with. Eventually something has gotta give.
    6
  14410. Buckle up!😂😂😂
    6
  14411. I like Florida when there no hurricane 👍
    6
  14412. This is the definition of a old Florida beach town. The white sand of the pan handle is nice but the summer is awful just trying to get around. I like Flagler for the slow pace, no traffic, great fishing, golfing and plenty of restaurants. I also like to be able to have the Atlantic on one side of the road and development on the other side. The city controls the development with a height restriction of approximately 32' to 35' (can't remember exactly). Tons of parks with hiking trails. This is a town I hope to retire to in under 10 years so I am happy with this place. I find the place awesome. I totally get if you have a younger family why you may not like as much. Good luck with your travels.
    6
  14413. Don’t buy just hold and wait the crash is here 💪
    6
  14414. ESG scores. We all need to vote like your freedom depends on it, because it does. We can also put our phones down and stop patronizing these woke companies trying to control us.
    6
  14415. Walking that in July you'd be soaking wet with sweat and sunburned
    6
  14416. Michael, you have been making videos on economic doom & gloom for the last two years. However, over the last 2 years residential property values have gone UP between 10% - 30% in many parts of the US. And the US stock market has gone UP almost 25% over the last 2 years. It seems as though some of your listeners (like myself) may have missed out on growing our portfolio of assets and equity because of your messaging . I’m not trying to discredit your content and hard work in making these videos However, these are the facts! What do you have to say about the impact on your listeners?
    6
  14417. Great video! I am going to check out more of The Villages, too! There is a You Tube channel dedicated solely to The Villages. Just discovered it. It is called "The Villages with Rusty Nelson". You might enjoy it!
    6
  14418. Try The Villages New Comers too.. Jerry and Linda and their dog Gizmo.. they have LOTS of Info as well... however they are no longer new comers as they have lived in TV 3 years now lol... We follow Rusty too! Good luck and enjoy the journey!
    6
  14419. There is good money in dealing drugs...Just ask any doctor!
    6
  14420. CDs or MM accounts are the only way to go - 401k is fine - but dont count on a certain amount being there. Personally plan to be debt free long before retirement, so as to save more. Also downsizing and/or retiring abroad are viable options.
    6
  14421. Meta ( Facebook ) laying off more than 11,000 employees: Read Zuckerberg’s letter announcing the cuts.
    6
  14422. Condo
    6
  14423.  @MichaelBordenaro  Plus, My HOA is almost $800 for 1 bedroom condo in CA. 2 fires in this year adding $100 per month. This is why I am getting ready to move to FL. 🙃
    6
  14424. At 5:22 - a gorgeous Z car! And in California, they hardly even rust!
    6
  14425. 🍖🥩 I would think that because most grocery stores don't keep the open freezers fully packed they're losing a lot of electricity from the empty spaces 🥩 Makes you wonder if the meat and eggs🥚 are kept cold enough to be safe
    6
  14426. Thanks for sharing this experience. I enjoyed it and found it very relaxing!
    6
  14427. Ah very relaxing 😊
    6
  14428. Mike, like your channel it's always nice to hear "real issues and living, not the MSN not the goverment just Bordenaro on his walks!
    6
  14429. Love your videos. Best information for living in Florida on the internet!
    6
  14430. Me and my wife were looking at moving to Florida. Your videos are very succinct. Much appreciated!!
    6
  14431. Moving there from Scottsdale Arizona soon🤘
    6
  14432. A great video! One thing I was amazed about here in Florida is that you could be at a stop light and straight across the street it could be raining, but not on your side!
    6
  14433. Yes, keep showing the prices
    6
  14434. Would you reccomend anything on the panhandle like destin?
    6
  14435. if you remember about 2 months ago you were in Palm Springs and i went to look at a property in Wilmington, anyway that thing is still pending, lol , no one will pay what the buyer is asking im going to submit another offer at 480,000 v the 575,000 asking price lets see if they are warmer to the idea
    6
  14436. I guess where you want to move to also depends on where you are in life. A young guy, like yourself, would also need a place that had employment opportunities for the kind of work you do to support yourself. An older person might want more recreational stuff since money might no be an issue (hopefully). Older folks might not wanna hang out in bars and clubs all night. Maybe closer to nature might be more desirable. Ayway, good video. BTW do you play that guitar? Large amp for an apartment, you have deaf neighbors?
    6
  14437. I work for a large defense contractor and have gone fully remote since Covid. Certain jobs need to go into the office but they allow remote for a lot of the ones that can be. They average 3-5% annual raises.
    6
  14438. you walked by so many teslas in this video. TSLA to the moon
    6
  14439. Ssssooooo you are telling me to keep my house and make no moves for a few years...got it. I will say taxes and insurance are now the issue. Its insane
    6
  14440. The most important thing one can do for their finances is to exercise and maintain their health into old age.
    6
  14441. The beaches on Florida's east coast are way superior to the beaches on its gulf coast, although I must say that Clearwater Beach is a pretty cool beach town.
    6
  14442. Our rents are going UP in Annapolis MD
    6
  14443. How can you walk by those awesome old cars without saying anything?
    6
  14444. 3% interest rates are the primary reason that the Median Price of Homes is north of 420 grand . If you want the Median Home Price to rocket even higher again ? Let the Fed cut rates .
    6
  14445. I would have to say the two things I hate are the no-see-ups, and ex wife sightings. This was a good video
    6
  14446. A lot of these older condos in Broward don't have reserves. 😢
    6
  14447. Duh--you want a quick cash sale for anything you have to take less----those who took the cash need to stop playing the victim and suing every company------just more nanny state nonsense protecting people from themselves.
    6
  14448. I own an EV and I tell most people not to buy one, even though I love mine. EVs are like trucks, they are right for a small number of drivers, wrong for most. I drive over 100 miles a day and I can charge for free at work. I went from buying 2-3 tanks of gas a week to paying almost nothing for fuel. It was a no brainer. Most people don't drive enough for an EV to make sense. If you put on less than 20,000 miles per year, I would not recommend an EV. If you need to tow, don't buy one. If you frequently drive over 200 miles in a day, don't buy one.
    6
  14449. sold a year ago for 844,000 and now relisted for 1,690,000. greedy assholes. usually i am all for a capitalist system, supply and demand, but i really hope they lose their ass on this deal. hell, even if they get 1.5 million they will be slaughtered in taxes. this is just unchecked greed, and thats coming from someone who's family owns half a dozen rental properties.
    6
  14450. the clawback will never pass. We all know that
    6
  14451. SW not anymore, moved to Naples last year, rented a house, they said they wanted to travel just wanted someone in long term. It was during the pandemic, 3 mnths in they said they were selling it, sold fast for 250,000 0ver the estimate. Meanwhile my beach house during pandemic became endless strangers in and out of my rented house. Inspectors, contractors, family. I had no idea, it is sooo over crowded. Don't expect to get on a beach unless you are on line by 8am, No exceptions, unless you walk, and they have stopped that. Red tide went on for 5-6mnths,( thats bad beach water with dead fish all over the beach and Park Rangers wearing Gas Masks) so good Luck, Beach has eroted by 5' thats a lot for here. These people are getting rich, because these houses were rental investments. I hope it all crashes, the people coming are jerks.
    6
  14452. These homes in Coconut Creek may be “cheaper,” but they look pretty nice to me. If a buyer could get a 3/2 in that neighborhood you were walking for 250-300k, I think that would be a heck of a deal!
    6
  14453. If you move to Florida avoid any properties with HOA, houses included unless you like fines and idiotic rules
    6
  14454. In NJ property can not be bought or sold without a survey… solved a lot of problems… I can’t believe someone would buy property without a survey… absolutely crazy…
    6
  14455. I was evacuated last year on July 2nd in NMB, given 2 hours to get out. No one can move back in still. So glad I was a renter, not an owner. It was a nightmare. We were in a hotel, thank God, for almost 4 months. We paid for climate control storage and our furniture was covered with mold. Moving company scammed us. So glad we have moved on.
    6
  14456. Another Great Video Michael. Since I worked for a major airline for 38 years, I have already seen most of the world. I retired back in 2015, and can fly standby for free the rest of my life, I too choose to stay home.
    6
  14457. I live in Satellite Beach and I love it!
    6
  14458. Always look forward to new uploads!
    6
  14459. “Older like mid-late 30s?” That’s young.
    6
  14460. Thank you for doing these videos ❤️
    6
  14461. Is it possible that this time of the day (or even year) makes the water come up so much closer?
    6
  14462. Jesus, these rates plus low wages are making Cali look better each day. Told yall this would happen.
    6
  14463. Glad I'm retired.⛵ And, planned properly to have multiple streams of income. It's a nightmare being in the current workforce!
    6
  14464. can a trip to Bay Point be organized? Is it possible?
    6
  14465. I live in upstate NY small home and my electric bill is approx. $425.00 a month. Add my oil delivery to that. We are not sure how long before we have to move. Add my 16K house/school tax. We also have to pay for trash pick up and bulk drop off. I wish I could afford a vacation. We can't!
    6
  14466. Hello Everyone!
    6
  14467. They will print another $30 trillion and silver will still be worth $25 oz somehow.
    6
  14468. Do a video on coops. Types and how they work. Good or bad?
    6
  14469. Michael your gut tells you it’s time for a change. Life is to short … just do it . I’m feeling the same about moving actually going back overseas. I keep talking about it and before long it will be too late. We need to get out of our comfort zone … as long there is internet we can do so! Thanks for sharing!
    6
  14470. Great video! I am from Poland and have immigrated twice in my life - 1st to Japan and 2nd to the US. It wasn't easy AT ALL, and I 100% agree that you need to have a very positive attitude, be VERY open-minded, and ... adventurous to move to a new place, especially without a family or any support system. It is definitely not for everybody and can be very stressful but so worth it in my opinion. I personally have zero regrets and consider those two moves as the greatest school of life. Please make a video on alligators, snakes, etc in residential areas. I am very curious :)
    6
  14471. FYI. If you file a claim and they send out an adjuster to look at your claim and its declined it still counts against you. These insurance companies put all claims into a data base that all insurance companies have access too. If you sign up for new insurance by a different company they will know if you have had a claim and use that information it against you if you have had a claim. Before you decide to buy a resale home do some research and make sure there has been no property damage claims on that address as you could end up with a high insurance premium or no insurance at all.
    6
  14472. I see people writing that you have to pay association, yeah and single family dwellings have to pay a lot more taxes that keep jumping significantly especially in Florida. So it evens out, the multiple neighbors is another story
    6
  14473. Here in Colorado, the Marshall Fire in December of 2021 was similar to the Paradise Fire. So many people were underinsured, it was so sad because they couldn't rebuild.
    6
  14474. If I could I would offer them $180/m to hear some sweet words so it ends up with a heated exchange! Thanks for your hard work sharing the useful information Mike!
    6
  14475. And what do you think of Jupiter my brother .... I would like to know your opinion sincerely and if it is with video better ... thank you man✌️👍😉🙌
    6
  14476. Glad I found your channel! I am currently living in the hell that is Upstate NY and I can't wait to get out. I dream of living near the ocean and fantasize about moving to Florida a lot. Something that is confusing me is the conflicting info I keep hearing: some love it but others move there and end up hating it and leaving. How you described FL makes me sound like I will like living there.
    6
  14477. RVs make great tiny houses. I’m looking at using an older one as a cabin on some wooded property I own if I can get cheap enough.
    6
  14478. I would add, if you’re looking for a rental, in some neighborhoods, if you just drive around you’ll see for rent signs in yards.
    6
  14479. Only Beginning as Dominos fall. Michael is going to be busy. 2 to 5 Years is my guess.
    6
  14480. why are there no garages to park your car there... everyone has a carport and they park on the grass.
    6
  14481. It was the late great Texas oil wildcatter, T. Boone Pickens, that is known for the quote, "The answer to high prices is...higher prices"! Love that quote. 😄
    6
  14482. One should never underestimate people's desperation to own their own home. This emotion, more than anything else, will prevent the housing crash. No matter how much money you have, until you own your own home you are fundamentally 'homeless'. And no how hard you try to rationalize it, being homeless sucks.
    6
  14483. Hey Michael, what if I prepay 6 months of the 12 month lease in lue of not having a job to start.
    6
  14484. Very beautiful & charming... Looks likes a TV set!!!
    6
  14485. Keep it up! Love to hear the update about housing market.
    6
  14486. I’ve lived in a few of places New Hampshire, Massachusetts, Florida, and California. We are currently in Massachusetts and will be moving to California again in a month. We are moving to OC where the weather is perfect year round. We are also moving to be closer to family. The pandemic played a huge role in our decision. You only live once and might as well enjoy it.
    6
  14487. We would have sold our home is Seminole FL but we would have to pay Capital Gains Tax since we bought it last year in June. Since we moved back to Vancouver WA due to a job then we’re going to keep the house and rent it out! We love our location and beautiful neighborhood since it’s so hard to find a good home in decent neighborhood❤
    6
  14488. Very handsome Michael - love your channel and perspective!
    6
  14489. NYC does have beaches in Brooklyn, Bronx, Queens, and Staten Island but can't compare to the Florida beaches!
    6
  14490. Greedy investors. My kids can't afford to rent so, they're here. My taxes exploded. Bad words.......
    6
  14491. Wow, you better try and pick up a foreclosure within the next year. Get out of the condo, sounds worse than a time share.
    6
  14492. As a Floridian (born and raised) - Orlando's urban sprawl make traffic a nightmare!!! Tampa is OK if you live in the burbs. Clearwater Beach - don't even visit here; go to St Pete beach instead. Don't know why St Pete was not on the list but out of the Tampa Bay area, St Pete is the best for young professions. Sarasota is a huge retirement community still (2020). Lakewood ranch (large planned community spanning Bradenton and Sarasota) is where young families are. Jobs are hard to get in this area, unless you are in healthcare. Naples - even worse than Sarasota in being a huge retirement community; that's why everything closes so early. If you want to move to Florida 1- move WITH a job or have one lined up before you move. 2 - If you want to live close to the beach, look at the Tampa Bay area, or north of Dayton. And yes its beautiful in the winter but hot and hotter the rest of the year. And remember hurricanes. Florida is definitely not for everyone but if you love the heat, its for you.
    6
  14493. It feels like we're living in a different dimension entirely filled with financially illiterate people. How could a single person anywhere be crazy enough to buy a home at anywhere NEAR these prices? How can a single person NOT be able to tell that prices are going to come back to 2019 prices? This is the single largest asset bubble of all time and makes 2008 look like a blip on the radar. Equity is going to evaporate like a drop of water on a hot skillet. Do people not understand that in order for this market to maintain where it's at (it will 100% not grow from here), we'd have to have NO increase in unemployment -- ever again? The average incomes went from $60k to $65k from 2020 to 2022 but the average 3-bedroom home went from $220k to $350k in that same time. Not a single person making under 6 figures can afford a 3 bedroom home, insurance, property taxes, and 40% increases on groceries, utilities, fuel and all other costs of living simultaneously unless they buy a fixer-upper.
    6
  14494. No one in my family has a mortgage. They all bought foreclosures for cash. America needs to get away from this idea of a mortgage. If the house insurance doesn't go up, the property taxes do. I saw "fixed" rates go from $650 to 700 to 750 to $800 in just 6 years -- What was fixed about that? People who rent don't pay property taxes, house insur, or the never-ending maintenance. House insur can cost $100+ month, while renters only pay $157 YEAR for $50k renters ins. Just do what works for you.
    6
  14495. That house in my mind is only worth 160k not a penny more. These people are in dreamland.
    6
  14496. Definitely killed mine of moving to Florida to retire
    6
  14497. Awesome video! I’ve always wondered about how Airbnb works. These collab videos are awesome!
    6
  14498. Requesting emergency video on the recent crash❤
    6
  14499. New to the channel, already a fan. All the best from London, England.
    6
  14500. Thanks for the hints, bro! Scary stories.
    6
  14501. Love the content,interesting stuff and very informative
    6
  14502. This country is so beautiful, we forget to appreciate the size of the USA and all the different regions and what they have to offer
    6
  14503. They ruined Florida now they gotta leave..
    6
  14504. There is lots of basics that we don’t teach people that would really help - how to budget, save & prioritize - how to cook, buy groceries, use coupons - health insurance/ discount RX programs - how to buy a car The list is endless. Unfortunately / fortunately, there is lots of help and info out there but so many don’t know how, don’t want to or don’t have time to find it and learn.
    6
  14505. GREAT review !...........Thank you..........
    6
  14506. The rent is too damn high!!
    6
  14507. Too hot. I just go for 4 months in winter.
    6
  14508. Prices won't crash until people start losing their jobs, that's what happened in 2008
    6
  14509. I love the acting; tossing and turning and especially the itch attack lol. The new videos are awesome 🏝☀️🧚🏽‍♀️
    6
  14510. More EV's means gas price plummets and electricity sky rockets.
    6
  14511. It's much harder for developers to build new housing in big California cities. So supply hasn't kept up with demand. That's the main reason housing is much more expensive in California than in, say, Texas or Florida. Homelessness is just an offshoot of that.
    6
  14512. Thanks!
    6
  14513. Such a cool place i love it 😍 so you pay the mortgage 1200 per month plus property taxes and home insurance evry year 175×12 //65×12month plus 360 hoa evry month 🤨
    6
  14514. Thanks for improving financial literacy.
    6
  14515. If the owner willing to sit there losing money that is there problem. no government should not get involved.
    6
  14516. Thanks!
    6
  14517. I remember the story about Disney and that kid.
    6
  14518. When we see a 6 month supply of homes will all these forever high price dreamers still line up to overbuy overpriced homes? Seriously not kidding, I'm a broker and want to sell you a house, get your appraisal gap coverage out and let's spend that money. So tired of the going up forever group and likewise we aren't crashing until we get supply to outweigh demand but when we do the market will at least allow normal people to buy a home with out waiving the inspection and washing the sellers car by hand every Sunday for a year just for the right to live in their overinflated vinyl box.
    6
  14519. People who have cash are going to be the winners. Interest rate increases will not effect them. Prices will come down eventually and they will have money to spend. As long as they can hold onto their jobs, that is.
    6
  14520. Hi Michael. If you hear Blackrock getting involved in anything that is the time to get worried.
    6
  14521. Nappa looks chill. Don't drink too much 🍷 💕
    6
  14522. As a Lender this is totally 2008 all over. In the end of the boom, they were doing $0 down no mortgage insurance loans. People who shouldn't be buying will be buy.
    6
  14523. Cut up the credit cards! Eat at home! Hunker down!
    6
  14524. Saw the Repo Man tow a nice Mercedes SUV from my apartment complex in Destin, FL last night. Will the Sheriff's Deputy be next?
    6
  14525. Michael,I'm a 68 year old male from Evanston Illinois and I watch you for your intelligent and realistic take on things!
    6
  14526. Residents in upper floors can be impacted by storm surge that damages the building foundation, the potable water supply, the sanitary wastewater systems, the electrical infrastructure and transportation infrastructure. Upper floors can be made unlivable by storm surge impacts that occur below them,
    6
  14527. They sent me that letter citizen premium was 6k and the random policy was 9700 …… you reminded me thank you 😅
    6
  14528. I was days away from closing on a multi-unit property, when St. Louis issued a moratorium on evictions, so I backed out. There is a lot of rental property for sale in my area, and I wondered if landlords are selling to get out from under a tenant in arrears.
    6
  14529. My daughter’s employer in Denver tried to eliminate remote work and they lost employees and rescinded that idea. Michael, have you ever considered working up here for a more stable area. It is very hard for me to hate NJ because I always did well there. Same for PA and NY. As I mentioned before FL was the hardest 34 plus years of working from St. Lucie to Dade. To this day I don’t get why.
    6
  14530. Awesome video! I came to this country with nothing but what I wore as a refugee many years ago and currently happy with my finances. My kids have a retirement plan in place since they were born, knowing I didn’t want my kids to rely on the government for retirement. If I can help anyone, please reach out to me. After 27 years of law enforcement experience, Michael’s advice on SCAMS are on point.
    6
  14531. Michael, Jamie Dimon is a certified Superstar! I had the honor of working under his leadership as a Business Analyst. I bet you didn't know he has a twin brother, and both his father and grandfather were stockbrokers on Wall Street. I read a few books on him. I always do my homework when working for a trillion dollar company. He is worth every penny he is paid. He met his wife at Harvard Business School where both received their MBAs (although most CEOs of banks have law degrees now). It was reported that he married the most beautiful woman there. Of course, he graduated at the top of his class as well. Both his brothers are brilliant guys too. I believe his oldest brother is an Astrophysicist or some sort of scientist and his twin is an Ivy League professor.
    6
  14532. Michael, are you and Lisi considering selling your place? Your condo fees might be going up and up like the rest of that area.
    6
  14533. I live in Boca Raton and I love it! Have you been there Mike?
    6
  14534. My buddy and his wife are agents in Venice thank god that isn't one of their listings. I read somewhere in the last day or so USAA insurance has doubled their rates in Florida.
    6
  14535. I got laid off today. They gonna keep me for 3 weeks and I can use that time to find a new contract. Funny enough, I was seriously thinking about finding something else and now, I have a free 3 weeks to do so. Just got to keep grinding until the bullrun starts going crazy.
    6
  14536. There are THREE branches of our government and the Supreme Court is not (according to the US Constitution) a part of the Legislative Branch - so they may give their opinion -- but just like noses - EVERYONE HAS ONE - President Andrew Jackson stated the Supreme Court has their opinion and I have mine."
    6
  14537. Thanks for Quality work ❤
    6
  14538. Wow that totally does look like all the small towns in IL…other than the palm trees. We had considered Ocala for our move because of the prices, but didn’t get a chance to check it out on our trip. Would like to still visit there eventually though. Hopefully our next trip.
    6
  14539. Huh, do all those people keep hurricane magnets in their garages?
    6
  14540. My broker pounds into her agents all the time about being wary when it comes to any funds being transferred by wire.
    6
  14541. Hi from Randall, I did not know about the Art Deco, Jacksonville is largest city in square miles "wow", Miami is only metropolitan city with two national parks, Anna Maria island has no chain restaurants or high rise, how, Florida got it's name, and Florida is top travel destination in the world " amazing". Because I went to Saw Grass I knew about the Crocs and Gators LOL Thanks for the info.
    6
  14542. To live I wouldn't mind renting a condo, but I would never buy a condo. Great video.
    6
  14543. government intervention of free market economics ALWAYS causes excess....houses now, university fees forever!
    6
  14544. The college loan debt giveaway will not even be taxed as income which places even more burden on the average taxpayer to cover the cost.
    6
  14545. Love your videos Michael!
    6
  14546. Thank you for your sincerity. I'm Brazilian and I'm a real estate broker in Brazil since 2018, a successful one. And I would like to practice my profession in the USA, and I'm curious about Florida, that's why I'm here. I have already enrolled in the 63-hour course and I'm going to start studying next week. This market is very promising, it's possible to earn at least 90K bucks per year, I'm looking forward to traveling to the USA I'm planning myself to do it real Best regards from Brazil
    6
  14547. Home sales. Interest rates. Employment is the key. If employment stays strong housing will not change much.
    6
  14548. Prices coming down😮...such a thought! 😊
    6
  14549. retirement used to be something to really look forward to.. in 1980 the boss may have made 4x what his top earner made. now the ceo makes 400x+++++ what his bottom earner makes. the bottom earner doesnt even make a living wage to buy a starter home.. yes,, he still works 40+ hours a week. there is a video out there 'when Japan ate the rich and Japan was better for it. the Ceo's got too greedy. Disney employees living in their cars. Dicks sporting goods,, having his employees work like dogs during covid,, he 'took a pay cut made it all up with stock options,, you know money the bosses cant print up for themselves.
    6
  14550. Marina Del Rey is both beautiful and safe. We love the area and actually viewed several condos there two years ago. We’ve decided to stay away from condos due to the outrageous HOA fees. DTLA is the same regarding high HOAs.
    6
  14551. No tank top and sunglasses? Who are you and what have you done with the real Michael?!
    6
  14552. Sears gave me my first $500 unsecured credit. Bought a TV and never paid it back. Maybe that's why they aren't around anymore
    6
  14553. We live in SW Fla Cape Coral, built our home in 2017 sold June of 2022 all in for $330k sold for $810k. Property around here are really not dropping, maybe a few thousand but most waterfront homes are 200k or more above what they should be. realtors were on the news saying this area is not over priced. I lived here over 40 years and I know these properties are still overpriced. I’m waiting with cash.
    6
  14554. 🎉🎉🎉 Thank you Michael for some more great reporting. Btw , Do you remember when you started and you got to 28,K subscribers??? You’re Definitely Crushing it!!! Blessings,Carlos ✝️🙏❤️😊🇺🇸
    6
  14555. It's weird to see so many cars parked on a sidewalk. Is that a Florida thing?
    6
  14556. Holy hell! $11,000+/month for THIRTY YEARS after $300,000 down for THAT!!!???
    6
  14557. I think many are about to get laid off. I have just been one of those people. Thankfully I have some $ saved, and for now, my partner still has a good job. But I can imagine many people are barely barely hanging on and this will cause them to sell.
    6
  14558. Low inventory is a scam . There are enough houses for sale and buyers don't even like to look at them.
    6
  14559. Michael, please provide your Top 10 picks of what your viewers should do to ride this storm out. What are your Top Survival tips.
    6
  14560. Oh boy, lots of stuff to know
    6
  14561. I live east of Cleveland Ohio (suburbs) The house prices have blown up. We are seeing price cuts of 15k, 20k, and 30k.
    6
  14562. Hello Michael ,i agree totally with what your saying ,its what Einstein said those that understand compound interest earn it those that don`t pay it, its all going to hit the buffers ,when your credit is exhausted ,whats the average rate in the USA 20 per cent or more ?
    6
  14563. I see more house available but it still expensive. Especially interest rate was over 5% that was all time high for the last 12yrs. Even house price drop back to 2018 but with 5% interest rate still expensive.
    6
  14564. I'm right in the path of this thing on its current track. Hopefully it will move more east, which it has been doing.
    6
  14565. Most Americans are bad with money and worse at math, but are also perpetual optimists. If you understand this, it all makes sense. Story of my neighbors: the husband just got laid off, the wife is still working, so even with unemployment benefits, their household income has been reduced by a significant amount. They just bought a new 75 inch flatscreen tv. Because it was "on sale" and they're "saving money". They put their old 65 inch on the curb (still working) and some scavengers came and collected it (there's a good side hustle, collecting other people's castoffs). Oh, and the husband is sure he'll find a job "after the benefits run out". Going to take a long vacation until then! Saw it, wanted it, bought it, it's on the credit card, how will we pay it off? Who knows? My neighbors are NOT a unique case--I'd say most people are like that. Hell, people bought entire houses on impulse, what's a $1100 flatscreen tv or a $45,000 car compared to that? I'm no financial genius and not rich, but I never carry credit card debt, drive a well-maintained car that I paid off years ago with 0% financing and another one I inherited from my dad, and have cash on hand for emergencies. And my television is over a decade old, but it works just fine, so why get another one? I have no financial worries because I've always lived below my means. The materialism of Americans is one of the biggest problems in our society: it's the source of a lot of stress, and part of it (not all of it) self-inflicted.
    6
  14566. I'm surprised Michael didn't mention the artificial overvaluation caused by overbidding over the past couple of years? I can't count how many homes I've seen go for at least $100K over asking price on listings under $1M.
    6
  14567. Very beautiful neighbourhood.
    6
  14568. I bought my home 2 years ago in Barefoot Bay where you own the land and pay $70 a month in fees. I paid $100,000 and in today's market it's worth about $200,000. I had a hard time seeing the value at that price back then. Now that I look back I know that I got a good deal.
    6
  14569. Also don’t forget that the price of land is going up. You don’t have to build a luxury home on an expensive plot of land for it to be outside of the starter home range automatically.
    6
  14570. I don’t support student loan forgiveness. It is not fair to the people who actually paid off their student loans. I actually feel the colleges would have to lower their fees if there were not any student loans. Student loans actually artificially raise the tuition rates.
    6
  14571. Just do what I do when she wants something. Shrug your shoulders and say, "Sorry. No money honey." For more tips...
    6
  14572. This is just terrible for landlords! Is there a Gofundme for these poor people? 😔
    6
  14573. Good to hear about the bill, I will keep an eye on it and support it. Like many countries like Vietnam where they protect their people from being priced out by foreigners but now as you explained it does not actually sound very good unfortunately
    6
  14574. Whoot whoot! Your subscribers are climbing! 🥳🥳 (throws confetti). 👍
    6
  14575. If you please Make a video about rent to own programs in south Florida
    6
  14576. I agree. Look for the agents that work solo (not the ones that market themselves as part of a huge “team”). Also, the agents that have been in business for 6+ yrs are better then the ones that just got in yesterday because they heard about the exuberance currently in the real estate industry. Finally, ask any realtor you’re considering working with what their credit score is. No shame in that question.
    6
  14577. Omg! Take that to the Supreme Court. I was originally from New York and I'll tell you that doesn't sound as crazy as you think. NY is a world unto itself. That's why I left. I hope this video will bring enough awareness that those landlords get some assistance. NY can be a harsh place to live.
    6
  14578. Remote work salaries vary in my field, IT. I took a lower paying remote job as my current employer; 12% or so. But this employer is embracing remote work and are stern about working a40 hour workweek. Other employers would likely have me work another 10-20 hours at no extra pay as the normal. I have been happy with my last couple of remote employers these past 17 months. My previous office employer furloughed me for 10 weeks and put me and 4 other employees through a stupid kabuki dance of signing in for daily permission to go to the office during covid. Oh wait, the lead, manager and director never came in but you little people will be fine. If remote work goes away the. They will pay for my expertise. Coming up on 30 years when I was laid off from my first job. Think like a mercenary. All that corporate hype about being a team player and all the HR corporate soup should not be taken seriously. Too strong?
    6
  14579. What rate do you get with zero credit??
    6
  14580. That CA weather help your skin look better than if you were in FL. LOL
    6
  14581. Corporate investors has joined the market for profit and buying cash … Millions of empty homes sit as investment properties…. THATS A FACT
    6
  14582. Now that you have a dash cam, not a bad idea to make this a series. I once saw a driver stop in the left lane on the highway with cars doing 60/70 mph. He/she didn't want to miss the exit. Crazy out there sometimes.
    6
  14583. Jerome might do a quarter percent in september and October for a reach-around for Joe then 5 or 6 raises
    6
  14584. A lot of great life perspective honestly. I think this applies to how most people make decisions about location changes. You have to think and plan practically on how you are and will actually live and what your true day to day will be. Good stuff!
    6
  14585. Hi from Australia Keep The Faith.
    6
  14586. Mike, San Diego native here….those aren’t mountains they are hills. I know they seem like it for Illinois and Florida natives
    6
  14587. Another great video Michael, Surfside looks like a really nice town, peaceful and beautiful, but a little more expensive than Bay Harbor village. Which town do you like better?
    6
  14588. I lived in Boulder and worked in and around Denver for years, and have been to Red Rocks many times for concerts. I moved from there a long time ago,, because in fact Colorado was getting too crowded: we moved to Wyoming 22 years ago. Having said that, the mile high thing is not a myth, but if you are relatively fit you won't feel the altitude just walking around Pearl Street mall, or maybe even running or playing tennis. Where I felt it was at 10000 feet (skiing) and not staying hydrated - altitude sickness is no joke.. Red Rocks is in the foothills, but if you want some mountain experience, drive up into Nederland above Boulder, or up into Evergreen off I-70, or better, go up into Estes Park and Rocky Moutain National Park. Denver was still a bit of an old "cow town" when I first visited, but now its just another dirty American city I suppose... Thank you for taking us with you on your trips.
    6
  14589. I love Jeeps, been driving them since 1999
    6
  14590. Congratulations on your 100k subscriber plaque. Michael, you work hard every day to give us true and accurate information. You are so a gracious person. God bless you.
    6
  14591. Keep it up, haters will never stop .. 👍🏼
    6
  14592. Well gosh didn’t know there was that much undeveloped land in FL. Lol
    6
  14593. Thanks for sharing your thoughts & concerns. Prayers to the families, friends, neighbors & first responders.
    6
  14594. No government should be involved. Let the market decide on those ridiculous houses.
    6
  14595. Michael, are you gonna make it up to Sacramento?
    6
  14596. 🎉Happy Birthday Michael 🎂🍰🍭💐
    6
  14597. Had a great realtor a year ago. Lately she's trying to get me to help her network. Sounds desperte to me.
    6
  14598. Do you know any place that’s beautiful , has beaches, has great schools, and is safe?
    6
  14599. Those California laws are insane and landlords have no rights there. Mike… I just looked at rentals in my area of Winter Garden , Florida and rentals are in the market 73 days plus. I think my area really changed a lot. I saw people moving out today with a u haul truck. I think people are moving out of the area because rent prices are not coming down fast enough
    6
  14600. I have only seen videos of St Augustine, but it looks very beautiful and charming. Definitely have plans to check it out. I also like how the buildings have northern style structure, as opposed to south Florida where the structure is different due to hurricanes. My husband says some of the houses remind him of Flintstones homes lol. I do miss seeing a lot of brick homes. I hope you get this house. I would love to see more St Augustine!
    6
  14601. The contradiction just proves the media lies to us.
    6
  14602. People should be allowed to work remotely especially if people care about the environment. I am in favor or remote work . Offices are dirty and not clean.
    6
  14603. Looking to move to Florida and this was such and great help! Thanks man!
    6
  14604. I am never buying. I make about $145,000 a year and my only debt is a car payment. There are too many unknowns when buying. I have the freedom of moving whenever I want because I have a fully remote job. I am also 50 years old and if I were to get a mortgage now it would be paid off when I am 80. I might not make it to 80...lol. I currently live in Boise Idaho.
    6
  14605. The beaches in Destin, Ft Walton Beach and Navarre are just beautiful. I’m in Gulf Breeze which is in the middle of Pensacola and Destin so lots to do, but with fewer crowds.
    6
  14606. Why are these people even buying homes if they don’t plan on living in them?
    6
  14607. I bought in August. We did buy down our rate to less than 5.5%. We bought under median price for the area. Our payment is 1650/mo. I can not rent a home the size we bought for less than $2000. And that's probably a low estimate. Thats a savings of $350 just right now. That is really what drove us to buy. We want more children and we would pay way more in rent for the same house we bought.
    6
  14608. Oi. You have nice guitars. I lived in Japan for so many years and ESPs quickly became my favorite guitars. I had an ESP Explorer JH2 (explorers are the sexiest guitars 🔥).
    6
  14609. 18 degrees here in PA! I would take 80 degrees any day 😊
    6
  14610. If mortgage rates do collapse, and with the economy going in the toilet and savings rates at an all time low, it would just cause many of those who decided not to sell, since their rate was locked, to then sell. Inventories would skyrocket alongside the other dozen reasons they will skyrocket in 2023 which would further increase inventory and take down prices, big time. Buyers have awaken and will not pay for homes with these insane home prices, even if mortgage rates go back to 4%, especially combined with declining rents.
    6
  14611. Hi,...Michael.I had requested this type of video months ago. Glad to see you finally made it. As much as you enjoy 'Floor ida' you knew at some point you would have to make peace with your time in Belvadere.
    6
  14612. Well, at least you're not getting chased by alligators. 🐊
    6
  14613. Amen great message. I have been mediating, praying, reading and I have a gratitude journal I write in every day. It's good to see all the blessings you have in your lives I believe in The Law of Attraction and manifesting great energies. Thanks again for another amazing video .
    6
  14614. Makes sense to sell that house. Should rent for upwards of 8k a month if it was actually "worth" 950k.
    6
  14615. Had to sell my house last year escrow went up 600$. Went front 1200$ to 1800$ month. Making 40k and roomate wasn’t enough.Bought the house at 285k 1 year later sold at 370 at close to the peak. Waiting for this market but I have a feeling it will take another year at least.
    6
  14616. Hi Michael, I appreciate your common sense communication. I agree with you regarding the FED actions; it’s not going to be pretty whatever they do. My trader friends are still convinced daddy FED continues to prop markets up but I don’t see it that way. Inflation raging on will continue to eat away at discretionary income Americans simply don’t have. Rate hikes? Banks fail and credit crunch further collapses real estate. Recession is already here but I think they acknowledge it in Q4. I am fortunate to have a household income about 4x the average in my area, and I would not buy right now. I actually cannot comprehend that so many people succumbed to the housing market fomo the past few years. All I see is a slow-moving train wreck and people about to lose their as*es. Keep up the great work, we need more honest voices.
    6
  14617. radiobig- I sure hope they don't bring the politics they just ran from. There are tons of bumper stickers in Texas that say " Don't California My Texas." Maybe Florida should get ones that say " Don't New York My Florida."
    6
  14618. I'm in Woodstock Ontario & I have never in 61 years seen so much building. Automotive hub here. But wages & inflation all propaganda, lot more homeless & tents
    6
  14619. Hi Micheal..for me moving to Florida means better weather, new experiences, closer to family, owning a home vs owning an apartment, having indoor laundry and a garage, paying no state taxes and overall lower cost of living..especially housing as HOA is so much cheaper. Living there before I noticed that people are kinder, friendlier than NYC. Moving in January..
    6
  14620. To put it simply United States will be on a financial hiatus until 2024... save your money and watch the fireworks.
    6
  14621. I got an Uber from my airbnb in North Miami to Miami International in 2018. I'll never forget, when the driver in broken English asked if I spoke Spanish and I replied no, she tutted at me!
    6
  14622. Such a pretty state. Too bad about prices, crazy laws and politics. Let's put water meters on people's wells.🥴. My boyfriend only lasted 2 years in the 80s. Made less and got more leaving.
    6
  14623. wow, you're in my neck of the woods. Looks like a lovely trip.
    6
  14624. Look at his shirt. Look at the painting on the wall. His last name…
    6
  14625. Hello Michael from California.. I enjoy your walks as you share current information about the real estate market.. Beautiful neighborhood you take us through although can't believe million plus dollar homes with only one car garage or even no car garage and the Lexus and Mercedes on the driveway.. But what I'm wondering are there any middle class neighborhoods in Miami..? Lol I'm in California have a very nice middle class home with a pool.. House value under $400 k. So all of California isn't that $850 k average house.. I'm sure Miami must have some nice $400k Neighborhoods.. Right?
    6
  14626. I love how you just go on walks passing by nothing but houses lol
    6
  14627. Patience is everything & so is timing. But luck only comes with timing
    6
  14628. Dorothy E. Gale said it best when she said, "Oh Auntie Em, there's no place like home." ...more especially when you live year round in "The Sunshine State". Can you imagine living in rural "KANSAS"?!?! Lol... The ONLY reason we will eventually take a road trip is because Matt's 57 and has never been west of the Mississipp.
    6
  14629. Thank you for the video Michael. I appreciate you sir ❤️❤️😁👍🏿👍🏿😎😎
    6
  14630. A crash will cause 2019 prices again that’s how high it went up in 2 years it’s more like a correction
    6
  14631. "And that's the way it is".
    6
  14632. All great and accurate points! I'm 52 and considering moving from Boca to Bradenton, already have many friends on the west coast. I ride Motorcycles and it's just too congested on the southeast side, not to mention Everything is a North-South, East-West grid. No exciting roads for riding. Also when it comes to boating, if you have a small craft you're pretty much relegated to the Intercoastal, and it gets pretty boring going slow north and south. I am a morning person and love walking to the beach to watch the sunrise, but think I can easily get used to the sunsets! lol Great video, thanks
    6
  14633. My hourly wage at Westcor was $18 an hour . I got hired in 2015 at $15 an hour. I have 2 degrees. I got 3 raises in 7 years. My last hourly wage was $18 an hour. Not earning $32 an hour
    6
  14634. You are great on Florida with loads of interesting advice for those of us wanting to relocate. But I would love to see your stats now that it has almost been a year since you started your channel. Maybe just a short few minutesof an update please? I would be very interested. I have watched almost all of your videos and have enjoyed every one. Thanks Michael.
    6
  14635. The real remote workers have absolutely nothing to worry about i.e. IT sector! BTW, checking emails and instagram and twitter from a company provided mac or pc does not make it an IT job. So some need to snap out of the pandemic PTSD 😂 I am a remote real IT worker and I will never ever go back to office. I will just get another one in a blink of an eye!
    6
  14636. Rent goes up. That’s the reason to buy a house.
    6
  14637. The 20% drop is off a larger number, so the home isn't still 30% more expensive after having gone up 50%. Realistically we're looking at prices going down 20-25% over the next two to three years. In the end they'd be 12-20% higher in the span of 4-5 years. Yawn. It will suck for the people who bought in early 2022, as they'll have little to no equity after a few years of payments and their down payment. But of course we're talking average. In overheated markets the drop will be severe, so late 2021 to early 2022 buyers in those markets will be upside down on their mortgages for years.
    6
  14638. Happy 4th of July Michael. When is this crash and recession going to happen. It seems like 7% mortgage rates, rent doubling, insurance going way up, credit card balances up. This still doesn’t seem like it’s caused a recession yet
    6
  14639. 800k in 1998 is like 2.7 in today's marker
    6
  14640. Happy Birthday Lizzy.
    6
  14641. Stay safe Michael. I am a teacher in Broward and they just canceled school for the next two days. Mini vacation for me. Love the channel.
    6
  14642. pple qualified for loans with credit scores and DTI Ratios propped up by stimmi cash and forebearances. What can go wrong? lol
    6
  14643. Do homes have to drop? Can’t they stay flat for like 15 years and affordability becomes more likely that way instead?
    6
  14644. Panera? $15.00 for a deli sandwhich? Used to buy a steak.
    6
  14645. Freedom is the number one reason I would move away from the tyranny Gavin Newsom. I just hope that people don't bring their politics with them to these red states.
    6
  14646. Once again I am so glad I watched your video. I wanted to buy a condo in Florida because it was less expensive than a home But with these HOA fees going to be raised I won't be able to afford that and I never would have known if I hadn't watched your video Thank you ! Please keep making more videos I could watch you all day
    6
  14647. Prices coming down here in Phoenix area.
    6
  14648. Venetian islands are no joke! Unbelievable prices and unimaginable views
    6
  14649. Government needs to be restructured and run by we the people
    6
  14650. Some people will need to sell to take a job in another area.
    6
  14651. Thank you! Making me blush 😅
    6
  14652. Happy Birthday Mike! I used to live in the Bay Area. I won’t go back. It’s not the same. I was in Berkeley in early 2020 and it was NOT clean! I couldn’t believe it. It smelled also. Cali will always have my heart. I spent a good few years of my life there (north and south Cali). But it’s changed. And not in a good way. I’m even scared to visit Santa Barbara. I used to vacay there quite a bit when I lived down In Marina Del Rey. Wanted to go there this summer but it’s still questionable. I really love Cali. From wine country to Los Angeles.
    6
  14653. That's what ice-cream and smoothies for: keep you cool.
    6
  14654. It looks like more time living in my motor home down by the river
    6
  14655. I live in Utah and prices have gone down a little in the past few months. In 2008 I built a 5200 sqft home that was appraised at 960,000. I ended up selling it for 590,000. I was into the build at 699,000 and it wasn't fun losing that money. I agree with you that home prices will decrease a lot and people better buckle up for the market to change. There are so many agents that are still posting in Utah that the market is strong and to continue to buy homes. One of the markets that still have high prices is in St. George in southern Utah where the average home is between 600,000 and 800,000. I've heard that this is one of the fastest-growing cities in the United States. There is very little industry in this area. With the interest rates increasing to 7% I can't see how anyone will be able to afford that high of a monthly payment. Thanks for telling the truth! I wish real estate agents in Utah would do the same.
    6
  14656. Fast food restaurants will have to rethink their ridiculous profit margins and start making their offerings with healthy ingredients, as opposed to cheap fillers.
    6
  14657. Brevard county is a great one. Close to the beach and the city of Orlando
    6
  14658. Hope you guys are doing well ❤
    6
  14659. Still alot of demand in my city in CA. Not seeing much price reductions.
    6
  14660. Im looking to move to Boca Raton from Illinois. I can’t wait till I get all settled and start transitioning there.
    6
  14661. I know ppl who just got married recently and are still living in mom and dad's basement. Beautiful wedding, tho :))))) Ppl are crazy! I got married on a Sat, husband deployed on a submarine on Monday. We paid for the wedding ourselves and maybe spent 5K. Very small wedding and 21 years later, still married. House almost paid off, kids' college paid and very low debt. But no LV bags, no euro vacays and def not driving a Range Rover, so not sure how we ever survived, LOL.
    6
  14662. Thanks for this amazing information
    6
  14663. Michael, wasn't the fact that there was a wire transfer involved in the first place a huge red flag? Are wire transfers typical in a closing? I assume the fake seller wasn't even present and this was a remote closing? Those 2 facts alone should have alerted the buyer and everyone else involved.
    6
  14664. Do you ever get used to the hot temperature and humidity...i.e. not sweating too much?
    6
  14665. Gorgeous place. No crowds and low stress!!!! Thank you for your awesome work.
    6
  14666. All we did is change the verbiage and added laws that we have to have buyers agency agreement sigmed before we can show the client a home. Can make it for 1 day if its just 1 house type situation.. we already had the agreements but alot of people rarely used them.. I only did if i thiught the clients were not serious buyers...
    6
  14667. I'd like to see what you think of Palm Coast.
    6
  14668. It's all coming down except crime that's going to record-breaking territory if they don't give people free money
    6
  14669. Survey costs $1100-ish up here in the panhandle. Used to be a few hundred… those days are gone.
    6
  14670. My loan broker texting me like every other day asking how my search is going. I say "waiting for the right time."
    6
  14671. Looks like it would be such a serene walk. The sound of that ocean breeze is intoxicating
    6
  14672. With rent as high as it is as a single person I wouldn’t take any job in Miami unless it paid minimum 100k salary.
    6
  14673. I do remember something called Layaway.
    6
  14674. Sounds like the part of Florida for me ☺️ Another great video!!
    6
  14675. @14:46 a person is about to go head first into a trash can. @14:54 through 20:24 they are fully committed. As for the woman who was gaming the system, do you really think she wasn't doing the same when she was in the office? There are plenty of ways to waste time in the office.
    6
  14676. Got 300K cash, waiting, just waiting for the right time to pounce.
    6
  14677. I have 0 debt and no car payments i know alot of people with maxed out credit cards.....
    6
  14678. Thanks Michael
    6
  14679. St. Petersburg FL median cost of a house $390,000. The new owners on my street are young. I have no idea how they can afford it. A SHOCKING amount of money. In 1994 my house cost $39,500 in St. Pete with low taxes. 1460 sq ft. 3/1 Built 1925 English Tutor
    6
  14680. My list of videos I’m hoping for: 1) something showing houses with more parking and garage space. Every house we look at has only 2 or 3 spaces. Looking for 4 bed 3 bath not fancy just plan. Need parking for wife’s car, my personal truck, work truck, van for hauling the kids around plus a motorcycle and room for a boat in the future. 2) How to find a cheap place for one guy to live for a couple months. I’m going to start working 2 months before my wife a kids will be able to follow me down to Florida. 3) Construction job market in Miami. I’m graduating in December with a degree in construction management so I’m curious about Miami and the whole state.
    6
  14681. A well-run HOA is imperative. Something to consider is how small your community is because it can be harder to tackle repair jobs. I lucked out 6 months after moving into my condo in 2020. They did a $2 million dollar repair project to replace dry rot. Due to reserves there was no special assessment. Otherwise it would have been 20,000 per person. I chose a less fancy condo to help keep my HOA cost down. It's very much no frills. And that's fine with me.
    6
  14682. If some idiot decides to buy a house and let it sit that's their choice. The entire "real estate investing" thing in the US is insane. In most countries, housing is for living in, not a money making venture.
    6
  14683. I have lived through 2 deep recessions. ...they are not fun and they last for a few years. Nothing good lasts forever ...prices of homes and autos can not keep going up for ever. There will be a 40% price correction in the next few years. People buying now will be upside down in their mortgage until 2028.
    6
  14684. Ouch, 10 years. You hit the nail on the head with the starter home shortage.
    6
  14685. I grew up in a condo, it was ok, it was easy for my parents to raise us and not have to worry about lawn/pool/exterior home maintenance plus it was way more affordable for them. But there were many restrictions. Now I can't live in anything but a house with no HOA as I have way too many animals. While looking for properties for our move to Florida, I didn't find one community of homes or condos that would allow more than 2 dogs or cats (in the Naples area). So we live in the middle of the Everglades with all the wild animals, we had a bobcat at our kitchen window yesterday!
    6
  14686. Great video, Michael! Love this informative videos on all of the animals. I would be feeding those cats all of the time! That spider was massive!
    6
  14687. Poplar grove has a nice apple orchard: edwards I think it’s called.
    6
  14688. Being an entrepreneur is hard, a real grind, and not for the faint of heart.
    6
  14689. As a guy worth 32 million and never had a job other than buying, building and developing for myself I can say ….Unemployment will wreck lives. I plan to go on a buying giggly spree in 23 months.
    6
  14690. First off... you need cold hard CASH in general to buy land to put a Mobil home on. Second off, you have to set up utilities... 3rd off most people are about as useless as tits on a bill when it comes to construction related activities so they would have to contract everything out. But in general I agree with what you said about renting a mobile home for 1750. The landlords will get it due to what I said above
    6
  14691. They make loaded pickguards for those Squiers in the HSS configuration. It’ll rock! Check out Guitar fetish online or Amazon. Samick makes guitars for a lot of different companies. I believe older Epiphones are made by them. You need more guitars😊. I have 19.
    6
  14692. Tough laws are needed. I'm all for cutting hands. It worked in other cultures. Found two men in Egypt without a hand... was told by my interpreter that both were thieves by in their young age. Egypt has a very low crime, and so does Korea. Let's do it until we clean the house and get back to a civilized society.
    6
  14693. Well, a car dealer will gladly sell you a new car and roll over your under water amount from the first car to make you under water in the second car. Yes, I did that before. Yes, it was really stupid, but in defense, I was in my 20s🤷
    6
  14694. Happy Birthday Michael 🥳 Hello from Canada....absolutely loving and appreciating these videos. Keep them coming !
    6
  14695. There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It's not me being bearish for the sake of being bearish. It's looking at the overall picture and there's really nothing overly positive going on right now
    6
  14696. Flat as an A cup, you're def right about that! LOL
    6
  14697. If you liked St. Augustine, come visit us in Ormond Beach, just a little south of there. I'd love to hear your thoughts.
    6
  14698. Our leaders know what will work for our country - but they make $$$$$$$$$$$ by investing in electric vehicles, etc. They do what's good for them - and, everything they do for us, is crap. I live in a nice area of southern California - the roads are broken up and so bumpy, it's hard to drive. Very few services - they laid off most of the workers - but kept the administrators - who make $$$$$$. Wish they would work for America - maybe in my next life.
    6
  14699. I have a starter home. We tried to sell it before the pandemic, but the market was different. It was well priced, but buyers complained that the stove wasn't brand new and a light fixture wasn't modern. We took it off the market and improved it (for livings sake), but we still want to sell it to move up in home. We may have a chance now that those homes are moving so fast. It's a beautiful, solid, well maintained home. I just hope buyers will see the beauty in that rather than the damn stove.
    6
  14700. I want to do something around the area of books, especially how-to's and encouraging PROFESSIONAL book editing for self-publishing authors.
    6
  14701. hoa's get out of control and the people in the neighborhood should keep their ears and eyes open for an hoa getting out of control and then Cancel them. it is every homeowners right to see where every penny of an hos funds are spent.
    6
  14702. Alaska has had a UBI for many years, from oil company profits. Even right wing economist, Milton Friedman, recommended a negative income tax.
    6
  14703. What would happen to California real estate if the population keeps declining (yes the state did officially lose population in 2021)? What if that trend accelerated for a few years? The US and the rest of the developed world are likely to see a population stall if not decline in the next few decades. Food for thought.
    6
  14704. I bid on a home in Tucson for about $550k back in 2020. Beautiful 360 views. Got outbid by $50k. Cash. That was then.
    6
  14705. Yes but it’s still a waste of $50
    6
  14706. Thanks Michael! 👍I have seen a Camaro golf cart, definitely one for you. 🤣
    6
  14707. These companies buying up homes and making them permanent rentals is destroying home ownership and making rental prices too high.
    6
  14708. I was born and raised in Florida and have been all over the state. I now reside in South Carolina (moved for a job years ago). I was born in Clearwater Beach, Florida and it’s a wonderful place - you are right that it has a small town vibe. I’ve lived in Port Saint Lucie and Fort Pierce as a young child and loved it. The area has since changed and doesn’t have the wonderful “Old Florida” feel that I loved so much as a child. My family moved to Jacksonville, Florida when I was around 8 years old. Jacksonville was a great place to grow up in but the city has changed a lot as well (still have family there). The best sides of town in Jacksonville are the Southside and Beaches (South Jax Beach). When I was in my early 20’s, I moved out to Ponte Vedra Beach, Florida and absolutely loved it! It’s a wonderful, upscale, small beach community. I would always go to St. Augustine on my days off (I was in real estate as well). St. Augustine is my favorite place! Just like you, I can’t explain it as it just has this amazing vibe to me. Anastasia Island (where the beaches are) is so beautiful and natural. I’ve even thought about moving back and living near St. Augustine (maybe Vilano Beach or Anastasia Island). I will say that St. Augustine can get very crowded on the weekends due to it being a tourist town but that’s part of the charm. The Spanish architecture is breathtaking. Another great town/city is Fernandina Beach/Amelia Island. My brother lives there and my husband and I have visited many times. It’s very beautiful and has many historic areas around there as well. Great job on the places that you picked! I have family in Orlando as well and have spent a lot of time there. Tons of things to do but traffic can be a nightmare at times (especially around International Drive). However, traffic has really gotten crazy pretty much everywhere in Florida and in South Carolina (where I live now). South Carolina is beautiful and the people are so nice here but I catch myself missing my home state of Florida often. In fact, I found your channel because I was needing my Florida fix. Thanks for posting all your videos. Very informative and entertaining! 😊
    6
  14709. Yes we are interested in that to!!!! You are exactly like me waking up around 10am sometimes 11,take my time drinking coffee ☕ read my messages kinda like I'm in vacation!!!
    6
  14710. First
    6
  14711. Nice car. Maybe you need an automatic in Miami. Don't see many 4th Gens that are in good condition. I have a black 96 Z28 6-speed and have kept it like new with some mods. It's a keeper for me. Good luck.
    6
  14712. So if insurance companies are dropping and pulling out, does that mean banks will have to drop requiring insurance on your mortgage?
    6
  14713. Once you have that "Google Golden Stamp" on your resume, you can demand a high salary. Some of those Tech workers at Google are making over $500K a year!
    6
  14714. Great information to consider, when trying to buy a house, condo, whatever. I have a friend/coworker, who just bought a 1500 sq. ft. condo here in San Diego, for $580,000.00. I think it is three bedrooms. It is in a nice suburban area. Still high though!
    6
  14715. Michael! You made a mistake? A MISTAKE! You mean you're only human? That's it, unsubscribe! 🙄😂😎
    6
  14716.  @MichaelBordenaro  absolutely..one reason I'm moving to florida
    6
  14717. Dave Ramsey say everything is good to go 😅
    6
  14718. Be mindful that heating oil prices and all utilities are going to be increasing. Think about the BTUs needed to cool or heat the space. The water 💧needed for irrigation also. I’m downsizing. I already sold and am waiting to pounce. No mortgage!
    6
  14719. Who is buying these houses?
    6
  14720. 3:11 the reason why is because they know nothing will happen to them
    6
  14721. Want to work in your robe, underwear and slippers? Fine. You are giving up your chance for advancement in the company. Get in the office if you want to move up. The jefes need to see your face. By staying home, you show the corporation you are not willing to do what it takes. You are just day labor.
    6
  14722. Loved the video... palm trees 🌴 never get old! We’re planning to buy in Aventura soon. Wish us luck👍🏽👍🏽
    6
  14723. The Joneses are in debt
    6
  14724. Great video Michael!!!!!
    6
  14725. I’m in Tampa/St Pete Fl and I’ve been waiting to buy for 2-1/2 yrs. Now I’ve missed the bargains, the low rates, and live in a RV. So now I can pay $2000 rent or find a fixer and now pay the $1000 mortgage interest. Story of my life. I’m 65 and have seen a lot. I’m done waiting. (RV nice but that’s another story.) Btw, how does he hold the camera + walk and not shake the video?! I’d be tripping and falling. 😅
    6
  14726. i think ppl should live at home until they can afford a house. idiots like me pay rent to a stranger. many countries have multifamily homes. also, remember the parents chose to have a child. The child did not choose to be born. i hate this 'kick em out at 18' mentality. lets get rid of rentals because everyone lives at home until they can buy a house for cash.
    6
  14727. it isn't just cost of a home, you have to factor in interest. Interest in the 80's were what 12%, 14% 15%? interest was sky high in the 80's.
    6
  14728. I maintain that the biggest problem was not the low interest rates as much as it was investors buying up all the affordable housing...having said that... if the taxes go up by a factor of 3 after your third home in the single family Arena.. that would probably solve it I think🤔
    6
  14729. No, the STATE property tax assessment cannot go up more than 3% per year, Michael. The big increase is your county/city big-spending commissioners and mayors (Democrats, of course) who are allowed to raise your LOCAL taxes for ridiculous add-ons. You need to change this locally.
    6
  14730. I've been following you regularly for over a year and half, before moving to FL and you were one of the people I learned a lot from before buying my house last year in St. Pete. I think you are spot on with all that you're talking about, we live in a very shitty time and it's scary. However, I cannot even start to express how glad I am to be facing all this from here and from my own home. I was so sick of renting and of listening in on all my neighbors up north, all the things I could do or not do. Finally... freedom. Yes! I don't want to believe the American Dream is dead. I'm super glad I bought my home when I did. I was able to put a large portion upfront and only took $100k in mortgage and was able to pay that off in 1 year. So now I'm living rent free and I don't worry much about my investment in this Real Estate. Although sales have slowed down, here in St. Pete home prices continue to rise and my house has already appreciated. Plus, as you were saying, it's the lifestyle. This is where I live. And one day (Thanks to the Ladybird Deed) it will be my daughter's. What's better than to leave behind a fully paid off house? I wouldn't go back for anything. Fingers crossed our Governor wins and for the rest of the BS all around, bring it on. Its a lot easier to be a prepper when you can grow food and collect rain water in your backyard and just in general get the f*** away from the crowds and insane restrictions all over the country. One reason why I did not pick Miami as a place to buy. . Keep it up, but be a bit more optimistic :) Florida is still pretty free as compared to many other places. One reason to be greateful.
    6
  14731. yeah, I guess happiness is just wherever you see/feel it.
    6
  14732. Congratulations 🎉🍾 on 200,000 subscribers well done
    6
  14733. Having travailed around Florida, what are some of the best places to live in Florida for someone who hated driving? I knew you talk about Miami, but are there other places that are more chill, like on the west coast; that you don't need to drive?
    6
  14734. This housing market is guaranteed to burst in Florida. Nobody in that state can afford house insurance or property taxes. HOA fees. LOL
    6
  14735. Gorgeous tree! We are looking for our piece of Florida now too. High on the MUST HAVE list is granddaddy Oaks. The feels from those trees... ahhhhhhh
    6
  14736. I got fired a similar way from my university student job. The real issue was they wanted me to give students parking tickets. Theyre real POS
    6
  14737. Inflation is at least 30% higher in rents and houses. I don't think that is included in the C.P.I.
    6
  14738. Oh my Soul And Body this is so reminiscent of what happened to us in New England when I was in Massachusetts taking a break from my home state of Maine. One of my neighbor friends was put in jail for watering down cement. Contractors once upon a time were on the scene (as an architect was, too), when something was designed - to prevent a contractor from using watered down cement, etc. I guess this could be called watered down something-else… responsible-building -practices how can I say THAT in one word? Not only that, but my contractor neighbor had built the high end house on a ridge hill in an upscale neighborhood so the house was teetering. That’s why the tragic flaw was noticed, just as this apartment house you’re talking about is built on shifting sand. That’s irresponsible Just below murderous. Honestly. You don’t need religion to understand irresponsible actions Note: this was in Framingham North, Massachusetts , 40 years ago. We were about forty years old then . We’re still alive but we wonder why or how
    6
  14739. Adjustable rates are a ticking time bomb and booby trap. That's one thing my dad who was a real estate agent among other things used to say.
    6
  14740. I really think they need to make a fraud panel for the PPP loans that went out. i know someone who got PPP loans then bought real estate. there are some fraud cases coming out where u live of realtors claiming to be self employed making 300 dollars and hour and getting massive ppp loans then buyer properties.
    6
  14741. Institution always Had the upper hand ✋ When it come to buying A foreclosure property They bought it cash 💸 And you and me has to get a loans so we can't compete with Institution 🥺
    6
  14742. Made people super lazy not wanting to return nor work at all
    6
  14743. Interesting that you posted a video about Country Inn & Suites. I belong to their rewards program which is Radisson Rewards. They have a very generous rewards program where if you have their Radisson Rewards Visa from US Bank, they reward you with 40,000 points a year. The typical free night for a Country Inn & Suites room is 28,000 points a night. Their points do not expire and since I have not used any points since 2018 (COVID has stalled my travel too), my balance is currently 254,000 points. I amassed this with just occasional stays, the 40k annual reward and standard spending promos on Radisson hotel spends, gas, groceries, etc without going crazy. This will cover my hotel bill when I take my first Florida trip in several years when I go to Tampa Bay next spring. I generally have in the past and will use these points in the future to greatly reduce my bill when I go to Toronto, Canada (my favorite city that's only 4 1/2 hours from me) and I stay at Radisson hotels there which are pretty nice. My next 40,000 annual points will already be coming up in July. For most points, you can combine them with cash for a reduced rate as well.
    6
  14744. You can tell times are bad over there because there is a blacked out repo tow truck cruising the streets at 12:28
    6
  14745. Clear, consise, insightful and charming personality. This would be my description of you Michael, if I were to describe you to a new viewer of this channel. Did I miss anything? lol
    6
  14746. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you Michael for another great video. I love watching your channel. Always full of great content. Hope that you’re enjoying a nice sunny day out there. Blessings, Carlos ✝️🙏❤️😊❗️
    6
  14747. Property tax cancels the real ownership. You basically lease the house and land, even when it's paid off, for as long as you pay the property taxes. If something bad unexpectedly happens and you can't pay the tax, the property will be taken away from you for pennies or $0.00
    6
  14748. Credit card debt is the worst. if I had credit card debt i would get a side Hustle to get rid of it.
    6
  14749. When I purchased my house two years ago, my Loan Officer stated outright that if the property did not appraise at OVER the contracted price, the loan wouldn't go through. I totally understood that having once been in the lending industry. The problem with sub-standard homes being priced too high to be fixer uppers, these properties may not even appraise for the contracted price, and you'll start to see a lot of "Back on Market" status changes, on Redfin, Zillow, etc. This same phenomenon also holds true, in areas where property values are artificially inflated, due to "hot market" locations.
    6
  14750. Love hearing some good news!! Thank you 🙏💜
    6
  14751. You don't need a buyer's agent. Just get an attorney for closing instead of a title Co.
    6
  14752. Thanks so much for your honesty! I need this info so much!
    6
  14753. Thanks Michael for sharing everything you learn. This housing market is absolutely crazy. Blessing’s, Carlos ✝️🙏❤️😊❗️
    6
  14754. Looks like a drab beach, starting with the expensive and not at all picturesque parking area. Make your way to Monterey and Carmel-by-the-sea.
    6
  14755. 2 yrs ago I heard an economist say they during the next big crash people will also lose their homes because they couldn't pay insane property taxes.
    6
  14756. Looks nice, my house is similar but I have white terrazzo and it looks more modern. But it does get dirtier easier. But overall nice place. You think Daytona is getting revitalized? I have heard of others moving there as well. I can see people moving there as it is more affordable. Nice video overall!
    6
  14757. It's the high performing employee working on the line that gets to keep his job, while the high performing employee who works behind a desk will always be the first to go
    6
  14758. If the housing market stays high and rent continues to increase, people will demand pay increases and the cycle will continue.
    6
  14759. An agent I know shared an article that said "A recession doesn't mean lower house prices" I felt like the article was trying to make the case that even if other sectors of the economy tank, the housing market will not.
    6
  14760. Good idea is to find a live in job like nanny, housekeeper, caregiver etc.There are lot of domestic stuffing agencies especially in Miami, Palm beach , Boca Raton area.
    6
  14761. cheap unpermited poor workmanship flip and run
    6
  14762. Michael, great video as always. I've got a question about those empty houses that go unrented and left empty. Isn't that an invitation for criminals and/or squatters?
    6
  14763. That one house was sold for 550k and they are trying to sell it for 2.2 million 😂 what a joke
    6
  14764. which is why I moved to TX... yes, it's a compromise but you can get ahead financially... the TX economy is on fire and the COL is very low, especially in Dallas where I am at. I rent a very nice 1bd apt. in a super nice neighborhood for $1000. I was paying $1600/month for 1bd dump (old dilapidated building) in Orange County. Plus all my other expenses are MUCH lower - auto insurance, utilities, gas etc. I just filled my tank today for $1.75/gallon LOL!
    6
  14765. Security is the one thing I worry about when I eventually get a home. Right now, my apartment complex is pretty much crime free and it's built to even lock people in if they do not belong there so it is a really safe place. A house where you have to worry about somebody breaking in because it's a stand alone structure does kinda have me worried already.
    6
  14766. property taxs is rent
    6
  14767. I would love to see a video on what towns/cities are growing the fastest. I will be graduating in December with a degree Engineering Technology that’s focused on construction. I will be moving my wife and 3 small kids down there. So I’m more interested in getting a job. Love the videos very low key and laid back like how you should be in Florida.
    6
  14768. Dude same! My gym is an absolute zoo. Just groups of teenagers around every machine and 8:30pm at night. It’s chaos dude. You can’t even workout. 🐊 😎 ☀️ We need a MASSIVE interest rate hike to make people poorer. This is out of control.
    6
  14769. Very sad that prices have increased they way they have across the Us. You used to be able to count on being able to find something affordable in basically all areas of Florida, but no more!
    6
  14770. Michael it was a pleasure to meet your grandparents.I want to relocate to Florida for the same reason.I want more hot weather year round. Thank you for all your videos to help me make my choice but which one.🙏😉😀😀😀
    6
  14771. If the government puts price caps on items, then we're in real trouble... That's when inflation is so bad we're in another great depression
    6
  14772. We've had those free book stands starting in Saint Paul first and spreading into the suburbs years ago. I wonder if they originated here? 💭 🤔 that's cool that you're thinking of moving to a small town again!
    6
  14773. Hey Michael, thanks for keeping it 💯 👌🏾 👍🏾
    6
  14774. Seems like only the poor hosts are doing bad. Complaints for such properties are often the same: dirty bland home. If every AirBNB owner is doing bad like what you're saying, how come folks on BiggerPockets in this game are still doing well? From what I've seen, looks like the Super Hosts are still doing good.
    6
  14775. USD has lost a lot of its buying power since 2019
    6
  14776. I think Lizzy needs a vacation where Michael vacations from YouTube.
    6
  14777. What’s up with the chrome rooftop gorilla 🦍 on your walk? Thanks for covering the new punishment for folks that worked hard for a good credit score.
    6
  14778. Thank you great video about insurance. I am a treasurer of two HOA's in Virginia and can tell you HOA policies are NOT unlimited has to be reasonable and not infringe on the owners "quite enjoyment" of their property. Most courts have been ruling AGAINST HOA's for a number of years and been limiting their authority. Owned a condo in FL without insurance as the policy there was 25 TIMES more expensive than Virginia. The master condo HOA would pay for everything to the walls. The best policy I could find in FL was $700 for $2000 (TOTAL) of coverage versus $600 for $500,000 coverage in VA. Again 25 TIMES more expensive. Best option to avoid HOA's and self insure.
    6
  14779. Here's an off the wall concept, don't borrow money if you expect someone else to pay it back
    6
  14780.  @MichaelBordenaro  I figured I’d at least validate your claim. Lol. You could do an entire video just on the reasons why locals hate transplants and it would blow up.. and it’s not politics. That’s not to say it’s not political for some people because it is, but that would be like reason 10 in a list of 10. Most of it is cultural and has to do with our small towns, agricultural areas, natural landscapes, and all the environmental issues we have to deal with because people who either don’t know or don’t care, move here and build 300 houses on old swamps or turn coastal areas into concrete jungles, then turn and look at us like we’re the problem. I’ll never understand it. They’re mostly angry people who don’t waive and don’t care enough to learn their neighbors names.. why would you want more of those people around?
    6
  14781. I lived thru Hurricane Michael in 2018 in the Panhandle. Everyone thought it wasn't going to be that bad. Was a Cat 5. Worse Hurricane to hit Florida since Hurricane Andrew since 1992. I will evacuate next time. We are still recovering here.
    6
  14782. Just discovered you on YouTube. Great videos with enlightening information. I live in NY and Las Vegas. I am 73, retired professional, who was considering moving to The Villages as a single person. That would have been a big mistake. Keep up the great videos. 😎
    6
  14783. Sounds like you need to take a visit to the panhandle! I don’t disagree with anything you said about the other cities but the area from Pensacola to Panama City has a lot to offer! (I’m from Fort Walton Beach)
    6
  14784. I hope she wins too . She’s living within her means . Sounds like she’s comfortable and safe . And can afford her small home .
    6
  14785. Like your Videos Mike! I live in Southern California, and I dont mind it, but I have lived here since I moved here from Hawaii when I was a kid. Good things about California are the weather, the outdoor activities from the Beach to Winter sports in the mountains, lots of hiking, etc etc. The entertainment is also top notch. The cost of living here is insane though with the gas prices, and the price of homes. Had it not been for my career being here (I work in Film Software) and my Wife's family being Southern California based, Id consider moving to Colorado. The politics here are extreme if you are right leaning, and yes the Mandates during Covid were very strict. The urban areas have a big homeless problem and crime is very high in certain areas. However, that seems to be the issue nationwide. Only been to Florida once, and it was Miami and I loved it. I hear the humidity and heat is pretty bad though during the summer. Lots of people leaving California, but I do think it is still one of the best places to live in the country!
    6
  14786. The way the real estate market has been treated, in my opinion, is grotesque. At this point maximum price regulation may even be needed. House builders have focused on building big expensive concept homes for ultra rich people instead of adding to the inventory. I feel that there's a storm brewing
    6
  14787. Well I bought an apartment in Thailand in the late 90s, sold it in the early 2000s. Today I own a condo in Cuenca, Ecuador go there in the winter. It is a nice place. Have quite a bit of money locked up in CDs there at 9%. My escape plan just in case. I have my residency there too. South Carolina where I live now most of the year is pretty darn cheap especially for retirees. I retired at 53, now 67. Retirement is glorious for a single person like me who likes to travel on the cheap and piddle around my properties. Been doing it for 14 years.
    6
  14788. For the algorithm.
    6
  14789. For borrowing buyers the best calculation to do is to figure out how much they are willing to pay monthly. Then, think about what kind of house they would like to buy. Then calculate what they could have ended up paying for that house when the rate was low. Now that the rate is up you have to consider that. So the income has not changed, the interest rate is higher, so the end result is that for the current interest while keeping monthly payments the same the total price of the house has to be lower. You calculate that and you go and make an offer according to that. And that my friends is how you buy a house at any time. Do not worry who gets stiffed or not. If the rate is low, it's the Gov, if the rate is high, its the seller. The buyers get stiffed on the deal regardless, but what I just laid out for them is the base where to start, and it's the road map to keep them safe.
    6
  14790. I love Pass-a-Grille! Great place.
    6
  14791. Giant tree next to house and power line to boot. Hurricane issues.
    6
  14792. Interesting video, Michael, as usual. I'm looking at the MLS here in Palm Bay, daily.....and it's still looney toons overpriced.
    6
  14793.  @MichaelBordenaro  Thanks mate, I already got me a 1 1/4 acre land just south of lake Okeechobee, Just got to make the move.
    6
  14794. Defense Industry stocks might be good.
    6
  14795. some credit unions in my area are offering <5% rates and homes are back selling like hot cakes here in the north east. Been seeing some homes sell in as little as 6 days. I dont blame people for taking advantage of this while they can. since 2-3% rates wont be back for a few years. and just because inflation is rising, doesnt mean people dont need homes.
    6
  14796. Disclosure is the only way 😊 honesty is the best
    6
  14797. That assumable loan approach could start looking really good as the home prices in those states continue to drop. The assumable loan might end up having a larger balance than the sale price, but still costs less on a monthly basis at 3% to 4% rate than a new loan at the current, lower property price.
    6
  14798. I love seeing the crazy house prices. It makes me feel better about not giving in to fomo and purchasing some overpriced house 😅
    6
  14799. I just got notice that my rent is going up 200$ a month. So depressing. I’m staying because the rent is cheaper than elsewhere in Orlando area, but the apartment has a no functioning dishwasher, no fans, and I suspect mold. Drag.
    6
  14800. I used to snowbird in FL but it's no longer for me. That makes me sad as I have a lot of good memories. Maybe in a couple years. Right now the negatives outweigh the positives.
    6
  14801. Depending where you live , some counties offer discounts to seniors on their property taxes. But you have to ask. They do not tell you.
    6
  14802. Pa so much unemployment fraud during the pandemic. (Opened my eyes.) safe trip
    6
  14803. Michael I agree with you on this insane housing market. I think that they don’t know what to say anymore, they have field on everything, the economy etc… I will be sitting here waiting for the crush because I know that will happened, it’s just a Metter of time. They are cooking everything and people believe them( disgusting)
    6
  14804. I moved to Tampa and was happy to move back to Boston. Not enough going on for me in Florida.
    6
  14805. I would like to see your list of best oceanfront homes. Obviously it's not gonna be 200K; but I think it will be of interest to a lot of people even just looking at those homes.
    6
  14806. Don't forget that if you're a net contributor to the Social security fund, more than half you're paying is for the benefit of others.
    6
  14807. Thanks!
    6
  14808. So would you avoid condos in Florida and just go with single family homes?
    6
  14809. I like my hot lunches at home. And I actually received a $6000 raise working from home this year. I'm glad I don't have to go scrambling for something good and safe for lunches.
    6
  14810. Making a dollar out of 15 cents use to be a saying. Now the dollar is worth 15 cents. It's hard to be legit and still pay the rent. Keep your head up. 😎🎭✌️
    6
  14811. 401ks are great. The money goes in tax free during the years you make the most money. Employers tend to match what you put in which is basically free money and you’re forced to automatically save and not touch this money, unlike a savings account. Even if returns are moderate, over a 30 year + period, you can amass a nice nest egg.
    6
  14812. Hi Michael, I have been to that beach and find it quite tranquil and peaceful
    6
  14813. Hi 👋🏼 Michael 😊 Regarding your intro ; That’s a very sad situation for first time home buyer’s 😢. They will be locked in for 7-10 years before they will see any kind of gains (equity) from their properties. We can try to WAKE The World 🌎, But there will always be buyers out there for one reason or another. Enjoy your Evening and God Bless,Carlos ✝️🙏❤️😊❗️
    6
  14814. Enjoyed watching this, something on the quality of the sand might be something worth mentioning. I know I love very fine sand, not the grainy, hard to walk on barefoot type that I noticed in SE Florida. Yes more beaches Vlogs.
    6
  14815. This apartment in Los Angeles would literally be $2,500. I cannot wait to hear back from my company to permanently work from home. Once I get the approval I am moving to Miami. Rent is just too expensive in Los Angeles that I would rather move to another state.
    6
  14816. Couldn't agree more! You make great points in this video. Another thing about living in a house with a Hone Owners Association is you might have some of the same issues you have with a condo. Buyers Beware!
    6
  14817. I'll be interested when they lower their prices to $80-100k what it actually cost them to sub out the work to build the houses
    6
  14818. Dude....you’re about to be way over a million subscribers, your energy reminds me of Mark Weins, the way you detail and film your experience makes me feel like I’m there experiencing it with you
    6
  14819. Capitulation is coming to Real Estate market in 2023. Shadow inventory coming online. Buy now , never pay later. The American way. Grim reaper is sharpening the knife.
    6
  14820. Your guitar sounds great Michael. Thanks for playing some tune for us.👍
    6
  14821. Remote working will be the norm so these companies are wanting their employees to quit
    6
  14822. You cannot find affordable housing in Florida any longer the apartment rent alone is out of this world forget about the HOA fees and condo fees it used to be affordable back in the day, I don't know how people can afford to live there anymore.
    6
  14823. ...re: Cybertruck sightings, Michael? Here in 5,600 population Berryville, in rural Arkansas, someone bought one. Wonder if he uses it to pull a cattle trailer?
    6
  14824. Special assessment sounds like fraud to me, unless they break down all the cost per person. Sounds to me like they just pocketing the difference.
    6
  14825. Good video, I have been thinking to move to Palm coast in the next couple of years and we will go next month to check the area out. and its good to have anther point of view specially coming from someone that knows the area like you. I picked palm Coast because it seem cheaper than other cities in Florida. Thanks for the video.
    6
  14826. What about all the small businesses that service downtown office buildings? The sandwich shops, the dry cleaners etc.?
    6
  14827. I’ve only ever had real estate agents spin that, “it’s always a good time to buy” and create pressure and Fomo. I’ve bought and sold homes since 2001. I’ve never once had one look out for my best interest and I find it laughable that you’re suggesting one would be honest about data. That said, thank you for your awesome videos!
    6
  14828. Yes they keep telling us that inflation is 3.5 but they don't add in the price of food and energy
    6
  14829. Beautiful. Very clean streets. Kinda made me want to move there
    6
  14830. Happy Thanksgiving Lisi and Michael! Another great video, thank you.
    6
  14831. I work for fha you are spot on. One additional, most dti backend 55-57% and qualified on ot income
    6
  14832. Florida has special circumstances - the collapse in Surfside led to new regulations that will cost money, home insurance has increased because of losses, rents went up etc. The rest of the country is not looking as bad. And home price declines will benefit buyers.
    6
  14833. Love your videos! Florida FOR THE WIN
    6
  14834. Capitalism without bankruptcy is headed for catastrophic consequences . 2008 sealed the deals . Everyone gets a bailout which means catastrophe for currency involved
    6
  14835. Hi Michael another good video! I am under the impression that too many people migrating to new states isnt necessarily better. It drives up prices and increases traffic. As long as the local economies and infrastructure can sustain it wont be as much of an issue.. The fastest appreciating markets are now Tampa, Jax and Raleigh (where I live) . Thx!
    6
  14836. Thanks for this YouTube on The villages so how was it? I just turned 50 although I don't want to admit to it and my sister is 55 we inherit a house at the Jersey shore and we plan to move to Florida soon because the property taxes are $25,000 this year so we were going to move to Florida for the warm weather and lower property taxes am I too young for The villages? I did love the village video it looks like a clean nice and quiet place and I like that it's quiet because my name is here party till 3:00 a.m. and I can't stand it I like to go to bed around midnight and I like the peace and quiet anyway I don't know what to do a where move to? But I know I have to get out of New Jersey I'm definitely not getting a condo on the ocean because those condos are dangerous especially if there's a fire how you going to get out if there's a fire and you're on the 20th floor? I'm not walking down 20 flights what do you do when the elevator is not working???! And there's a fire how do you get out????!!!??? Suppose you can't walk down those steps I entered my ankle recently and I can't even walk from room to room how would I be able to downstairs from a high-rise condo ???? Even if I was on the 10th floor how would I get out and the buildings coming down I'd be stuck up there and die on the 10th floor with no elevator!!!
    6
  14837. It's hard to believe that rates were once 3%. This is crazy!!!
    6
  14838. Lived in St. Pete beach for 7 years and LOVE the area. We always took day trips to Sarasota if we wanted a change of scenery. Love Florida's magic.
    6
  14839. Hello Michael these expenses are going to the moon, it might get to the stage to have a new block built ,the people move in and then demolish the old ones .
    6
  14840. There's nothing wrong with VA loans. Veterans fought for this country and there's nothing wrong with it- acting like they are subprime buyers.
    6
  14841. Spring leading up to the election is when they pivot. It's how it is.
    6
  14842. In terms of normalcy, how does Miami feel when compared to "pre-covid" times ? I've read that places are allowed to operate at full capacity etc.
    6
  14843. whatever floats your boat. America is varied and has every climate you could want.
    6
  14844. I hope to save enough over the next 5 years and get the F out of Florida. I cant take this weather anymore. Or the insane housing prices.
    6
  14845. This comment is 100% true. I moved to ft. Lauderdale at 24years old because my uncle owned a real estate company. Like so many others I got my real estate license. But I only stayed 2 years. All I did was party and in the end didn't make any close friends. Depressed and empty, I moved home
    6
  14846. Me too!!!
    6
  14847. Go to St. Marks Refuge....about 20 miles from Tallahassee.... beautiful beach scenery there.....
    6
  14848. Is it still possible to buy a few hundreds acres of wooded land with a small cabin somewhere for around $100K? Lol
    6
  14849. Michael - every single morning I watching your very detailed market analysis over a coffee which I very much enjoy. Even though, I would come to Florida and live in a tent ⛺️ only to be able to have this type of morning walk on a sandy beach! It’s been 2 years since I’ve seen your first video and working tirelessly immigrating to the USA since then. Hopefully next year this dream will finally come true. We originally wanted to buy but I agree that now is just a complete waste of money. We found a great place to rent in Boca and will buy once the market will correct itself again. Thanks again for the valuable content!
    6
  14850. Someone says a big player bought $450k new homes and rent for $2400 - I just do not know how can they turn a profit from it. Not all big players are shrewd enough to gain in the housing market, Zillow is just one example. If they are buying now, that is not a bad thing - meaning they'll unload it at a substantial loss later given the mortgage rates. That'll prolong the downtrend.
    6
  14851. There is my 2 favorite streamers! I love it!!! <3
    6
  14852. So just exactly why did President Nixon take us off the gold standard back in 1971? I did not know that. I will go research and learn about that. I was born in 1979. But to your point, I bought my house (this 2022 year in June, brand new construction here in Augusta, GA for $152k @ 4.75% interest rate) for long-term security, affordability, and stability. Because to me, I honestly do not care if it’s worth anything as time goes on. My only thing was making sure I can afford it period, which I can, because there is no way I can afford these ridiculous rent. Rent is too expensive. So I am grateful for what I have.👍🏼
    6
  14853. Such a beautiful and peaceful area for your “walk and talk.” I loved hearing your feet crunch on the ground and the birds tweeting! As for the subject…very important! I know I told you a while back that my cousin and her husband are having some regrets about having sold their beautiful home with pool in a nice Tampa neighborhood. They are currently living in tiny apartment.
    6
  14854. Add “I allegedly “ too
    6
  14855. we made close to 300k/yr in CA and lived paycheck to paycheck
    6
  14856. City power grids need to be updated to take on the extra electrical usage, which takes several years to do itself, and that means your electric bill is going up even more.
    6
  14857. What a smart investment from some 30y ago! Wish I bought a home in Miami 30y ago !
    6
  14858. Sad for young people like my niece trying to get on the property ladder. They keep encountering bidding wars. Thanks Michael, very interesting. 👍
    6
  14859. at 11:35 he passes by a house with over $400k in cars.
    6
  14860. Deutsche Bank AG also in the danger zone, but if that too big to fail bank does fail the German State will nationalise it. Just like the Netherlands nationalised ABNAMRO Bank in the past.
    6
  14861. We walked in August because the seller changed their disclosure during attorney review. Shady.
    6
  14862. There is another saying it's called GREED.
    6
  14863.  @MichaelBordenaro  😄😄. Thank you sir! Btw - as soon as the lock down is over we are coming to Florida so I’ll let you well ahead so you can plan your week at home 🤣🤣
    6
  14864. Michael, I wonder what the Rent space is on this mobile home?
    6
  14865. Yes. Ban at least the more desirable areas. Let foreign investors buy and renovate America's poorest neighborhoods.
    6
  14866. Yeah Rancho Palos Verdes is cool, a bunch of horse ranches there.
    6
  14867. It is 100% a lifestyle choice. Never say never, because I’m moving to Aspen, CO with 33% lower rent, and 33% higher household income. You just have to be creative and know what’s most important for your life.
    6
  14868. Michael I’m always glad to hear from you. Believe me, you are on the right path. God bless you always
    6
  14869. You never talk too much. All informative. I appreciate that you speak slowly and clearly with comfortable tone of voice. My ears are never get tired of listening and learning from you.
    6
  14870. We’re going to move to Florida, and we’re retired, so we don’t have to work anymore like you do. We’ve lived in the snow belt our whole life, and we’re sick and tired of the cold and snow for over six months a year, every year. The longest we visited Florida was a month in the summer. It’s not too bad before 10 AM or after 7 PM. The longest we wanted to stay outside in the mid day was about 15 minutes. Then we had go get back to the AC in the car or inside our vacation rental or a store. We tried going to the beach mid day in the summer, and after about 15 minutes, we had to get back to the car ASAP, and crank the AC on full blast! Does it wear you down when it’s hot and humid, every day, for months, with no breaks from the heat and humid days? After several years, does your body adapt to the heat and humidity? Or, maybe you just adapt a little bit. We have the option to go back up north or travel to cooler areas in the US or internationally, to get away in the summer months, to take breaks from the relentless heat and humidity. Which three months are the worst for you? How have you adapted to the climate over the years you lived in Florida?
    6
  14871. I like to watch your video when I have a break from work because it’s very relaxing. You are not bombarding with numbers and stats. You are actually feet on the ground person.
    6
  14872. I'm from here so I'm partial. It's quiet ( away from the schools ) and it's artsy and governy. LOL. I cannot say real estate prices are "cheaper" than central or south Florida. With covid, inventory is so low now that prices are goofy high. Tallahassee also has finite amount of houses for sale at any given time, folks who want them ( because of jobs and educational opportunities ) will pay whatever they cost. We were so lucky, we found a foreclosure near Maclay ( yay ) and at retirement age we are finally living the lower crime dream we worked so long for.
    6
  14873. Waiting for the crash in Collin County Texas. Seller and Builders barely drop their prices. It’s still 2.5 times more than 2 years ago.
    6
  14874. Two of the best decisions, I've ever made in life were quitting smoking, and eliminating all of my debt. Another great video. And this is good news, indeed.
    6
  14875. Wow! HOA fees are scary. I wonder how many will be forced to sell.
    6
  14876. The problem: Debt, Debt, Debt and more Debt! 😶
    6
  14877. I've lived on both sides: Tampa & Miami the east gets my vote.
    6
  14878. Just working 6-7 days a week buying lots of gold, silver, utility stocks.. storms a brewin! 🤣
    6
  14879. This looks like so much fun! Beautiful area so far! Your doing great.
    6
  14880. The more you have in the bank, the more insurance you pay, makes sense.
    6
  14881. Micheal you got two of my favorites. Daytona Beach area and Juno Beach area. Although you are exactly right Juno is a little pricey. So I will probably end up in the Daytona Beach area. I have always loved that area for years. I loved being there for my birthday in June although I did stay down at Juno for the last week of my vacation. Once again thanks Michael you are always a great help when it comes to Florida.
    6
  14882. Fort Lauderdale allowed me to buy 1 drink and move onto the next bar with the same drink. Cant do that anywhere else
    6
  14883. Great video. I moved to wpb in 07 from Chicago. Definitely know what you are saying about staying inside during winter. 9 months of cold and 2 weeks of blazing heat. I enjoy Florida. Heading into humid season.
    6
  14884. Your Dad is very proud of you Michael. ❤️
    6
  14885. Soo frustrating..just about when we were finally sure we wanted to move to florida we noticed how the homes prices skyrocketed in less than a year, how crazy. Not gonna be worth it and won't move if cost of living is the same as So Cal.....well, on a positive note there's no humidity in here 😂😭 Thank you Michael, always making great videos with useful information!
    6
  14886. My spouse and I make near $200k and we need a financial planner too and a financial therapist as well. We’re great at making money but pretty terrible at managing it. We are like two children that continually want new toys. 😔 so we can’t save anything.
    6
  14887. That looks like the inlet at Venice, Florida. Inlet.
    6
  14888. I have a $1 bet with this real estate agent in Austin, TX named Travis. He thinks inventory is going to explode and prices will drop. I can’t wait to get my $1 from him 😂😂😂 because housing only goes up up and up
    6
  14889. Sorry not bashing. The videos are well done but you summed it up perfectly. Florida is a great place to live but it's getting more and more crowded. Floridians are actually leaving to live in places like Texas because it's like what Florida used to be before it became some place for people to move to and complain about things they miss about where they moved from....like pizza, chinese food, bad drivers, bad grocery stores. Yet they stay here anyway. btw that is a sweet looking guitar setup!
    6
  14890. We had this done at company I work for. Check fraud has kicked up in past three years. The crooks changed payee info and deposited via mobile app. No human is in the deposit approval process. I am no genius but can see where this would be exploited.
    6
  14891. I see e-bikes are coming down quite a bit.. the market is saturated.. do not buy Eevee cars though... Very stupid thing to do...😮... Finding places charging these cars being a problem there are even a lot other issues that are a bigger problem.. if you think charging is a problem... It's a lot worse than that baby
    6
  14892. I rent a small house for 1550 in Denver you can barely buy a broken mobile home for that here😂
    6
  14893. Man I love this town. Some of the kids call it Slo-Cala, but that's fine by most adults.
    6
  14894. Ive cut back spending except for paying down the last of my debt which is a car loan. I seem to be the only one though. I guess everyone is just loaded. I dunno how people have so much money to throw around 🤷‍♂️
    6
  14895. The crash is finally here. It'll be a good time to buy in a year, especially if you pay with cash.
    6
  14896. SW Florida is flooded with inventor. Builders are giving inventory away!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    6
  14897. The 90's wasn't so long ago but it's amazing how outdated things get without realizing it.
    6
  14898. In Fla, how far inland do you have to be to avoid the absurd insurance costs? The beach is nice but who needs it 24/7? As a potential buyer now, in 2023, do I have a right to see hoa Financials and bring a copy to my cpa for review? How far into the purchase process do I have to go to get such information?
    6
  14899. Michael, I agree with everything you say about the homeowners insurance market. It will be a bloodbath in Florida. And I used to be a home owner up until July 20-22 for almost 30 years. I feel so liberated right now. It feels like getting pardoned from Federal prison 😁
    6
  14900. Not interested in watching AI generated content. That sucks.
    6
  14901. I want value for my money. I'll be waiting.
    6
  14902. Your beach reviews are just the best. Really!!! 🙏. Man, I just can’t wait to come over. Ohh and btw- the light house was in “BURN NOTICE” so..... FYI 😀🤗.
    6
  14903. Figures don’t lie but governments do.
    6
  14904. Water pipelines don't happen because for those powers that be there is more money to be made in creating and maintaining EMERGENCY and SCARCITY than in SUPPLY and ABUNDANCE.
    6
  14905. Good video. A couple of thoughts....I am on the board of a five story building. We are well run and make every attempt to make any repairs, including structural, but after this it is kinda scary even being on the board. Second, I was driving thru Sand Keys in Clearwater where there are a large row of high rises where I also wished I could afford. They kinda are off my bucket list. Lastly, what is the conversation, now that some time has past, on the effect on values?
    6
  14906. The only reason the Fed may lower the rate is Powell is playing politics.
    6
  14907. 19:00 that’s me! I purchased May 2023. The short answer is that I lowered my standards lol. It’s a townhouse in a sh*t part of town that I can afford. I’m not underwater, but my payment is a couple hundred more than when I rented. I qualified with partner for $400k range and bought $200k range. I think new buyers will have to lower their standards drastically until wages catch up
    6
  14908. Everybody wants to age in place. There is nothing new about this want. But reality will force most of them out.
    6
  14909. due to un stable jobs people will not stay put anymore
    6
  14910. I live in West Palm Beach and I've noticed much more inventory and price cuts. Me and my wife are ready when it becomes favorable. We appreciate your insight on Palm Beach county!
    6
  14911. There is no way most millennials are making more than 85k, where are they getting those numbers.
    6
  14912. My in laws keep doing this and they just did it again to ‘pay off’ (shift the debt around) other debts- credit cards, cars. This is like the third or fourth time they’ve done a cash out refi. I’m surprised they haven’t lost the house yet.
    6
  14913. My friends who are Top 1% lenders and still doing deals. 90% of purchases are VA 0% Down, Conventional 1% Down, or 0 down with a 3% DPA program. And seller is kicking in $15k to buy rate down to 6%. So basically these buyers have ZERO skin in the game.
    6
  14914.  @MichaelBordenaro Jacksonville is a Democrat-run city.
    6
  14915. You're not joking there are a couple of loon YouTubers here in Vegas talking about bidding wars and more sales this year you better buy now and super low inventory just clowns. I don't think people are going to wake up until the foreclosures hit the market. Home Depot missed revenue, the worst in 20 years ,today. Meta laying off 11,000 this month and Amazon, Google, and Microsoft together have laid off 175,000 so far this year, they laid off 165,000 last year, but the job numbers in the service sector is hot. Well I can see why those high techers are now working at McDonald's
    6
  14916. My issue would be if private equity gets too involved, as they aren't as responsive as local investors and they tend to inflate markets....personally limiting them for a 5 years would help increase the supplym
    6
  14917. My husbands sells motorcycle and said they are seeing a lot more people that need a co-signer to buy a bike. Even with bad credit they are still buying 🤔
    6
  14918. I don't think housing and rental prices are necessarily the problem. The problem is that wages haven't been going up. If the rent on your apartment goes up from $900 to $1700 over a 14 year period, that's not a problem IF wages also double. Wages have been going down in real terms since the early 1990s. The destruction of unions and NAFTA are largely responsible for that. The Fed crashing housing prices doesn't solve the longer-term problem of wage and housing price increases not being matched. The US is becoming Brazil (or any Third World country you want to name), where there's a few very rich people, a lot of very poor people, and a small middle class. The days of the large middle class in the US are gone forever.
    6
  14919. Great content, would like to see more like this
    6
  14920. This is really good and honest in how you include much more, including what is expensive insurance due to the flood, hurricane, etc. potential damages. I think the housing cost total for a $300,000 home is a fleeting thing, as mortgage rates will very likely rise quickly given the inflation happening right now and the flood of printed money.
    6
  14921. We should absolutely ban foreign investment..ESPECIALLY CHINA..
    6
  14922. And they'll probably extend the eviction moratorium past April 2023 in N Ca. That's the rumor! They also have it in LA County.
    6
  14923. there was an Mayor who was interviewed and he said buildings in the USA do not just fall...hes right...even in earthquake country the buildings are retrofitted if old Thanks for your candidness
    6
  14924. Oh my goodness I would lose my damn mind with that traffic 😂 But great info to know! Love these vids!
    6
  14925. Excellent video, Michael. This really encourages me in considering our move to FL. Im originally from the Midwest, so doing what I say I will do is common sense and just plain right. Thanks!
    6
  14926. Perfect timing!!! Just what I needed to hear today:)
    6
  14927. I'd love to know what the household income needed is to buy the average house @ 450k? Finding qualified buyers each month as these rates get higher is like finding a unicorn. 8% rates will be a dagger thru the heart of the housing market possibly.
    6
  14928. $120,000 annual income with 20% down at 6% interest. I know because that's what I qualified for.
    6
  14929. You're 100% on the accidents... Got rear-ended twice in 5 years and also the flooding part... I visited cape Romano the Dome home built on land but now underwater- Check it out.
    6
  14930. School will never teach you truth about money. When I was in high school my teachers and counselors never say anything about student debt. All they say was just get good grade and do your best to get into a good college/universities. However, they did mention about getting scholarships and grant as you can but not everyone qualify to get it. I just feel sorry for young peoples these days who still don't have a clue of how much money they will spend if they decided to go to college. All I can say is beside college maybe people should focus on alternative ways like opening your own business, go to trade school, or simply take a break and then work a regular job and see if you like it and if you're good at it maybe you will be promoted to a higher position.
    6
  14931. I agree with not keeping a balance on your card. You do need to use it regularly but there’s no need to pay interest.
    6
  14932. Good stuff! Also quality of homes (plywood) is not really helping, in Poland homes we built from bricks and concrete! Also in PL home prices are increasing a lot. Less and less people can afford them..
    6
  14933. Really enjoyed this video seeing AMI. I like the lush greenery mixed with the palm trees & quiet streets & no high rises. People who rent these houses are paying big buck$ because they don't want any riff raff & certainly the owners don't want riff raff either. This is a lovely upscale area for sure.
    6
  14934. Wow, such a terrible tragedy. Glad you are safe.
    6
  14935. Rents might be coming down but operating costs are going up for landlords. All costs including tax, association fees, and homeowners insurance will be charged to the tenants.
    6
  14936. Buyers market coming
    6
  14937. I wonder if this was caused by the history of flooding in the area. Surfside suffers flooding damage more than most in the area.
    6
  14938. GREETINGS FROM THE CALIFORNIA DESERT MICHAEL 🌴 🏜 🌴
    6
  14939. Michael, I think, there is a pressure , in news, Dr recommendations etc, to be social. So...when we enjoy the solitude , we think, something is wrong with us. The same apply for sleeping, if we don't sleep 8 hours ..so...according to the media...something is wrong with us...
    6
  14940. I was a RE agent and I HATE RE agents.
    6
  14941. I'm heading down to Miami Beach in July.
    6
  14942. Beautiful beach 🏝 beautiful water
    6
  14943. Michael, I don't think you mentioned the Boomer Generation retiring. I would bet that a lot of them are moving to Florida to live out their retirement years in warm weather. I personally know several Boomers (my age) who have left NY & Boston to retire in Florida. This trend probably has 5 to 10 years to play out. Unless mortgage interest rates start to rise, I doubt we will see a housing crash anytime soon. Just MHO. Palm Coast & Tampa areas still look attractive to me price wise. (I'm happy in Ca. Weather is just too perfect here to leave).
    6
  14944. 'not a recession,' reminds me of 'flatten the curve'
    6
  14945. I cant wait to be in the Villages. Great video, my kind of place...clean, good food and entertainment, nice people.
    6
  14946. My understanding is u cannot let insurance lapse ...they won't give u a new policy...it's so u can't cherry pick cycles... Peak hurricane cycle insure...then self insure in a down cycle
    6
  14947. Why are fixer uppers priced so high? My husband and I are first time home buyers, struggling to afford a house. Live in the Portland, OR metro area
    6
  14948. Companies will bargain their leases by telling the building owners, they will have their workers work from home if they don't discount the rate... Companies cash in on the savings and still force people to report to the office.
    6
  14949. Hasn't Wendy's been offering an almost identical 5$ meal deal all along? I mean, I think McDonalds CAN offer this to its customers and still make a profit. If they truly can't, then more power to Wendy's!!!
    6
  14950. Those boats 😮
    6
  14951. A cross country road trip is definitely on my bucket list, a lot of natural beauty, and cool small towns in this great country of ours
    6
  14952. Great video Michael, I've been looking at the condo market in SWFL, seeing a lot of price reductions as well as a lot of "back on the market".
    6
  14953. St Augustine sounds good for old retired folks but what about millennials like myself that want to get those six figure software engineering jobs or it doesn’t exist out there in Florida
    6
  14954. SUNDAY GREETINGS MICHAEL ❤
    6
  14955. All the beach areas in so-cal have always been expensive I was blessed to grow up on the beaches starting from Ventura, and all the way to La Jolla and all the beaches in between
    6
  14956. Let them seat in the market, who cares. Time for seller to suffer the consequences of their greed. 14 million, they will never get it in my opinion, even 23 years later. That is greed only, but more power to them if they ever get it. Be careful with financial planners majority have no clue, and make money from you instead of you making money for your self. Michael is right, study and look on your own do not count on any inheritance on my opinion, you may have a very bad surprise at the end. Diversify your portfolio, do not count only on your 401 and definitively do not count on your SS. That way you have no surprises and if you get it all then is a bonus. I did not want anything to do with the SS, I retired early, I finally applied this year as i turned 65, and hell I am not giving the government any money that owed to me. I can use that money for anything that I want. is a bonus to me.
    6
  14957. Greed. Oh well, free market. Karma. Right? Yeah. Let's just get housing back to homes, NOT CASH COWS. TOO MANY VACANT PROPERTIES AND TOO MANY FOREIGN INVESTORS TO
    6
  14958. Please everyone no scamming or stealing or fraud etc the government hates competition
    6
  14959. The red lobster restaurant recently filed for bankruptcy. I heard it was due to the endless shrimps promotion and they lost a lot of money 💰 on that endless shrimps promotion. The restaurants might get a lot of customers with the promotion for cheap food but they are not making money off the cheap customers looking for a deal on food and then they go out of business BANKRUPT
    6
  14960. Wow, I wouldn't pay 350k a month for that or buy it for 27 Million. Just don't see it! Happy Friday Michael, Thank You!
    6
  14961. The great crash😃
    6
  14962. Really good video . Great places on your list !
    6
  14963. We moved to a more affordable area...had to think out of the box. 2500 miles away 18 years ago. Saw it coming, never looked back
    6
  14964. Panera lunch for 2 today $52.00 for not that much food.
    6
  14965. For the algorithm.
    6
  14966. Great video but all the people I know have been moving companies for years to get raises. I’ve done it and stayed with the company after I told them I had another offer; I know my worth. I was with that company for years after and went on to a higher paying job - no resentment. It’s something ppl have been saying to me for YEARS - you want to get paid more - leave your current employer! Much Love!!!
    6
  14967. Don't Forget The Cost Of Insurance Is Higher Then A gas Vehicle
    6
  14968. I will take your advice over Josh! Money is what he is after! He is not thinking or caring about his clients well-being! Thanks again Michael!
    6
  14969. There is more to Cali than LA.
    6
  14970. It's going to be very sad to witness. Anyone who purchased a home or new vehicle in the past 12 months without a huge abundance of extra cash laying around is in for an extremely difficult time for the next 3-4 years.
    6
  14971. OK this is your fan Randall again, this video I enjoyed. I'm also a fan of the walking tours. The quality of the picture and audio was good enough, close to perfect. I like that you know some of the history and know the approximate value of housing on the areas we see in Miami Beach. I think the video length was perfect at about 30-40 minutes. Some may like shorter and I respect that. I learn a lot from all your videos. I'm in love with south Florida as my retirement destination. I'm retiring but I'm not going to be dead. I want activity reasonably close by. I know how traffic and bad drivers can be, as I grew up in DC and live in Maryland, we have the same type of me first driving. I'm a car enthusiast; so, I have an interest in the driving scene, the wife and I cruise areas up here and around the country when on vacation. I would like to see you continue these driving videos along with all the other types of videos you do. I can't wait for your lap of Florida videos. Thanks so much dude..
    6
  14972. FL is way worse for renting. we have old people getting evicted because rents are doubled but now that rent has fallen they are letting apartments sit empty instead of lowering rents to try and keep rents high.
    6
  14973. I think it's nice if, both husband and wife are retired.!
    6
  14974. If we all just stopped buying for a minute and forced car companies to build good quality, low cost transportation, instead of over engineered ego trip machines, we would be allright. I love my Corolla. Does have some issues due to age, but better than a car payment.
    6
  14975. I was thinking to move but tell me how much taxes I have to pay for houses 🤔
    6
  14976. Not sure, but that first tree that you mentioned looks like a naked coral tree. The second tree with the slightly spiky things growing up the palm, looks like possibly a dragon fruit tree, though I don’t see any dragon fruit growing on it. It DOES look like a version of a dragon fruit plant though. The third tree with the yellow and white flowers is my FAVORITE, which is a Plumeria. They are very fragrant and grow all over the tropics. The last one looks like a dragon tree, which I have seen have here in San Diego. The first three trees, we have had here in our yard. The last one, at a hotel I worked at. Very cool, Michael!
    6
  14977. You want to get out of debt? Sell your car and sell your wife....lol
    6
  14978. Even if the builders are fraudulently passing building inspections, homebuyers should research and pick their own qualified inspectors free and clear of the seller-agent(s) they’re dealing with. Using an inspector selected by your agent or the selling party is like using a public defender in a court of law.
    6
  14979. These folks might want to sell cause of the overpriced market, but where are they going to move to? It's all relative isn't it?
    6
  14980. We are dealing with stagflation. That's what this is called.
    6
  14981. I see these homeless people camping out on the side of the road and my first thought is this could be a good source for LSD
    6
  14982. We spent too much money on COVID and Americans need to stop thinking it's a free ride. Our country is in deep debt and it needs to be handled. Thank you. I liked the ridiculous car loan monthly payment video, I would not fall into that trap again. I'm paying cash. Like the info. Thank you
    6
  14983. The Fed did announced that bringing inflation down is their highest priority. So yeah, it going to be rough..
    6
  14984. good info. how much do these ocean front condos cost? im considering buying to rent as airbnb when im out of the country
    6
  14985. Outstanding video. The old car's were cool.
    6
  14986. Homes in my area went up 100% in a year or two, 15 or 20% isn't much if you ask me.
    6
  14987. this is just the "prep" like befor a colonoscopy.
    6
  14988. Yes, nothing like the beach in SoCal during the summer! A small temperature range that is so comfortable. ❤
    6
  14989. I commented on another video that my homeowners insurance went from 800/yr to 1900 this year. Tried to get a quote for something cheaper and the cheapest they could find was 3100. Like WHAT in freaking IOWA. Also, i live in a small house (920 sq ft) and its over 100 years old
    6
  14990. Thank you Michael. You are doing a great job. Hello from Vancouver, Canada
    6
  14991. 36 degrees here in NE Ohio. However, it is supposed to be in the 50s around Christmas.
    6
  14992. Very interesting video Michael !!! FLORIDA is the best in my book. In a couple of years going to relocate my parents there so they enjoy the lifestyle.
    6
  14993. Our insurance here in The Villages (NOT COASTAL - WE ARE 60++ MILES FROM EITHER COAST) went from $950 per year, to $3200 per year (WE HAD NO LOSSES, NO CLAIMS, NOTHING!!) On an 1100, concrete home. I can only imagine what’s coming next…. This is SO crazy….😢
    6
  14994. I did I choice sarasota we decided to rent for a year then buy this is the greatest place in the us most of the people I have met are just the nicest people thanks Michael your channel is great
    6
  14995. In winter, it must look like a Hallmark card for real!!
    6
  14996. I just love watching youre walk and talk Videos Michael! Youre giving us all the important information while the sun is shining in all it's brightness and gives such a peace and calm vibe!😊
    6
  14997. I am waiting on the crash! Great video 👍
    6
  14998. Thanks for the tip to avoid the eBay ‘change of address’ scam.
    6
  14999. George Gammon is a super nerd with amazing macroeconomics background… you both are absolutely correct 👍. We just might see 2012 levels. Only time will tell
    6
  15000. Wow! How different the USA is in comparison to the Netherlands ( Holland). I prefer the more socialist approach over here! People with low income get subsidies of the state to pay a part of their rent and a large part of the rental - markets is in the hands of the Housing-Cooperations ( woningbouwverenigingen), foundations who do not aim at making a profit but to offer affordable rents. Truth of the matter is that nowadays there is a shortage of affordable housing due to government policies the past 30 years. It depends on the location, but in Amsterdam you have to wait about 10 years before you get a social rent house ( rent under € 760). Most cities now banned private investors to buy new homes for renting out because they only want affordable rent homes. BTW happy that I bought a home at a small mortgage at a record low rate: 1,64% for 30 yrs.
    6
  15001. Ever since I saw some photos of this place. I wanted to see it fr. But have not been able to find anything decent to watch on YT about it. Was planning on driving through, and spend an hour or two, but never made it. And now one of my favorite YouTuber swings by for my instead.
    6
  15002. Great Video! Especially for the younger viewers and those in their late teens, 20s! More people need to have your mindset and intelligence... thanks for sharing ❤️
    6
  15003. I'm a trucker and i can verify that freight is showing down. Tonnage is down about 12% ytd. Expected to get worse. It's going to be a very bumpy ride. Let's get Michael to 1m subs!
    6
  15004. 7:45 Absolutely right, you make your profit when you buy. The price of the house is much more important than the payment
    6
  15005. Insurance is about spreading risk, not empowering you to take more / greater risk. PS - some insurance companies offer riders to cover such items as - excess numbers / cost of computer / electronics, art collections, antique furniture, etc. PS2 - just looking at forums, it appears homeowners can get home solar panels and battery installations covered by a separate rider to their homeowners insurance. Cost seemed reasonable. PS3 - Maybe you can convince an insurance agent to appear on show if you disguise their face and voice. Heck, throw in a lawyer and a contractor!
    6
  15006. Enjoy your content. Over here in St Pete my small 7 unit condo went from $32k a year to $72k a year. Crazy! American Coastal. No claims ever.
    6
  15007. Then eventually as we keep letting people literally walk out of the shops w/ free stuff, and then charge the working people who actually have to buy it more $, at some point the working people just say "F it" and start walking out with stuff too.
    6
  15008. Before all this, I would have considered retiring with a condo in a tall building, but not now. There is too much that can go wrong, and the financial risk of special assessments is too high. Not to mention what it will cost to insure condos in the future.
    6
  15009. No one has really talked about the commercial real estate market. The reason they don’t want to talk about because small banks hold 30% of their loans to commercial real estate. That means if commercial real estate fails you will see a slew of banks foreclose. It’s not if, but when.
    6
  15010. Hey Michael! I would like to thank you for your really great content, allways very informative. Greatings from germany.
    6
  15011. There’s dust on products on the shelves in Ohio…. No one’s buying
    6
  15012.  @MichaelBordenaro  the pros and cons of living in a retirement community,manufactured homes on the gulf side. Thank you
    6
  15013. Touched on a lot of why I am planning on moving after retirement.
    6
  15014. the dark clouds in the background are perfect for this video - looks like a storm is coming
    6
  15015. You will be on RTE 66 on Sunset Blvd and it ends in Santa Monica. I lived in CA all my life until a few years ago because I knew what they were planning to do to California. I love CA it is so sad what they have done to it. The weather is great, I'm thinking the water is probably warmer in Florida--I am really missing the beach too and the weather.
    6
  15016. Dude, I didn’t know you played guitar. I used to play out. Live all over the place. We need more of that. Sounds cool.
    6
  15017. love these videos so much ❤ please never stop 😊
    6
  15018. My water bill is 5-60 dollars for three months here in Miami. A fantastic deal! FPL bill is from 30-100 dollars. Property tax is the big one 600 or so per month. Once I can find a grove or nursery to buy I will sell or trade this house for it. Rural areas have no water or sewer costs.
    6
  15019. Another great video Michael. I also live in south Florida. As a licensed realtor in Florida could you please set the record straight regarding property taxes in So.Florida. Realtors leave this part out when selling a property in Florida. Are taxes calculated at 1.8-2.0% of the purchase price? Could you shed some light on this subject. Taxes are cheaper in California. Orange County is .65% of the purchase price. Thanks so much!
    6
  15020. A home 🏡 for most people, forget the starter nonsense, should be 150-250k. Who do they think want to spend a lifetime in debt 🤔?! 😶
    6
  15021. Awesome! Would love to see a driving tour if able, or any kind of vid. St. Augustine is on my "to visit" list!
    6
  15022. Waking up early as a kid was annoying. But as an adult, sleeping til 1 in the afternoon is worth frowning at by others cuz its "lazy" To anyone who thinks that, kiss my ass i need to sleep that long and im more a night owl anyway. My mental health is better with this kind of routine
    6
  15023. All because President Biden is such a genius. So, it's all good folks. Vote Biden back in for another term, hooray.
    6
  15024. Blocking the sidewalk with your car in San Fran gets you a ticket
    6
  15025. I believe there should be a limit to hom many homes investors can by per year. Right now it should be on hold for the next 3 years first.
    6
  15026. When I first heard about this today in California my first thought was, "I hope it's not Michael's building!" So glad you and Lizzie are okay. Sad for anyone who has been affected. You guys stay safe. xx
    6
  15027. Living the life!! 😎🌴🍉
    6
  15028. Also, the job report 😢
    6
  15029. 🚗... My car insurance went up to pay for Citizens insurance
    6
  15030. I would say it definitely is not good... As long as those buildings are good and strong they should be kept.. the owners should have a right to decide to be able to sell for a premium if they choose but not get bullied out of their properties buy red tape
    6
  15031. Back in the day 700k is huge money.
    6
  15032. I hope for every renter's sake that property values drop soon. My apartment complex is raising rent like $300 (for us $150 a month because of how long we've rented here) because of market rates jumping. I live in NW Baltimore County, MD. It's frustrating.
    6
  15033. I’ve been outbid on 3 different foreclosures in the last year. In Oct 2021 none were listed on the government owned websites. Over the winter more and more properties have come online. This is not Bank REOs but only the government owned properties. Foreclosure are overpriced also so you have to analyze the local market to recognize what a great deal looks like.
    6
  15034. 12K Congrats !
    6
  15035. this video is FAX
    6
  15036. Changing location every day or two is exhausting and we don’t really enjoy it as much. We prefer staying in a nice home, cabin, condo etc and doing exactly what we want to do. That may mean spending the day hiking or shopping and site seeing or some days just relaxing and resting up. We tend to overestimate the amount of things we actually get to do but dreaming for months about an upcoming vacation is half the fun and in the end there’s no place like home 😊.
    6
  15037. I feel bad for anyone trying to rent especially in S Florida. I remember when I used to pay 700 for a nice one bedroom!
    6
  15038. My 1/1 California condo with no garage is going for 680k and rising.
    6
  15039. I was in Colorado Springs once, enjoyed the sites but never felt like I wanted to go back. Like all places there are good and bad areas.
    6
  15040. happening in California for fire insurance. more that doubled in the last couple years
    6
  15041. As soon as I heard that wall street was in the game I knew it was not going to go down. They are going to treat it like stocks/ Buy up as much as they can and let retail buy-in and the renters will get squeezed via the low supply. Housing is a need not a want. Also, we got overseas buyers and new millionaires from crypto and the ridiculous stock market and equity. if you didn't own any assets before 2020 you lost a huge opportunity.
    6
  15042. Merry Christmas on the other side of Florida(Venice).
    6
  15043. Michael, do you follow Melody Wright? She’s an expert on real estate finance, mortgage, etc etc. In fact she’s on the road right now and it’ll be interesting what she finds. Maybe consider doing an interview with her. She’s awesome.
    6
  15044. We need tiny home communities! Prefab housing! Mobile homes!
    6
  15045. Thank you so much’. I have been telling my partner that we need to prepare. We cut down our spending dramatically and saving money just in case some shit goes down.
    6
  15046. You guys out there are killing me…loosing your job is right then and there the end of the show. You need financial reserves. Save some money, that your life can go on till you find your legs again. 6 month, 12 month or even 24 month but everybody lives so f@cking high on the hog that end of money is the end for everything…period. Wake up and live a balanced life. Good luck 💪🍀
    6
  15047. I’m enjoying the walk and talk better than someone sitting in a studio. If I was the one walking and talking in Florida there would be a swarm of mosquitoes around me. Tried living there for 3mos and moved away with a quickness. Was being eaten alive. 😩
    6
  15048. If you say that getting the money is the most important thing, you'll spend your life completely wasting your time. You'll be doing things you don't like doing in order to go on living, that is to go on doing thing you don't like doing, which is stupid.” ― Alan Watts
    6
  15049. The party might be over, the but high prices are still here.
    6
  15050. It's not "eliminating" buyers agents, it just means buyers will have to hire the agents and pay them.
    6
  15051. Very genuine and first-handed info there, Thanks for the quality content.
    6
  15052. I actually live in both places -- CA and FL. I live in FL (St. Pete) from November through April. And then in CA (SF Bay area) the other months. Weather: WAY better in Florida in the winter months. WAY better in CA in the summer months. People: I don't notice a difference at all in the attitudes of the people I deal with. Good, friendly people (and, sure, some obnoxious people too) in both places. Cost of living: much more affordable to live in FL, of course. Activities: Of course, there are really no winter sports in FL. When I was younger, I spent my winters on the ski slopes, but I'm older now (61) and avoid the cold, so that's not an issue for me anymore. However, if you're into winter sports (skiing, snowboarding, snowmobiling, etc..) you certainly can't do that in FL. But, if you're into the beach life, FL is FAR superior to CA. In spite of CA's "surfer image", the water is TOO COLD -- especially in the SF Bay area. All the surfers wear wet suits, that's how cold it is -- even in the summer months. Down in the LA/San Diego area, the water is warmer, but the beaches are nowhere near as nice as FL's beaches. Restaurants/shopping/amenities: I really don't notice a difference in quality of shopping/restaurants between CA and FL. Well, except sushi (can't seem to find a really good sushi place in FL). Most other amenities (healthcare, for example) are about the same in both states. Homelessness: much, much worse in CA. Especially in San Francisco and LA. Traffic: in the major metropolitan areas in CA (SF Bay Area, Sacramento, LA, San Diego), the traffic is HORRENDOUS. Aside from the Miami area in FL, nothing in FL comes close to the traffic in CA. All that being said.... If I was forced to pick a place to live (CA vs, FL), I'd choose FL. I'm here right now and I love it... And btw: the mask mandates and proof of vaccination, etc. I just adapt to what's happening in each state -- I just go with the flow and don't let it bother me. It takes a few days to adjust in each state, but it's mostly a non-issue. I.e., I mostly go without a mask in FL, but wearing a mask in CA doesn't bother me in the least. There are way more important things to fret about...
    6
  15053. Do people really think properties only appreciate? this isn't NASDAQ people, suck it up it will come back.
    6
  15054. The North Florida coast is wonderful. Sun, surf, shops, restaurants especially seafood and up and coming chefs cooking, entertainment. Driving the coast, eating at the small sandwich shops for fresh caught fish is yummy. Destin area is growing but shoreline shops old school, artsy and fun!Pensacola big military town, with great USA vibe. Watching jets fly by is exciting.
    6
  15055. Michael the banks are cancelling all loans. That includes those with credit ratings in the 800s.
    6
  15056. It would be interesting to know how towns/cities deal with property tax delinquencies. Do they negotiate. Or is it always a pay-in-full or else?
    6
  15057. Want a reasonably priced house?...basically learn to like the cold and avoid the ocean & warm beaches...
    6
  15058. You made a video on my birthday?!? Aww, how thoughtful…even we don’t even know each other lol
    6
  15059. I’m glad my condo is paid for but still pay condo fees and taxes that total around $600 a month.
    6
  15060. Thank you Michael 😊 I truly believe that rates will get to double digits. It really has to happen to reset this crazy market. I really can’t believe how insane the TAXES are out there in Florida. Keep up the great work my friend, Carlos ✝️🙏❤️😊❗️
    6
  15061. Sounds like all the liberals hate Florida 😹
    6
  15062. Spectacular is the only word for that view, I could sit out there for hours, and just stare aimlessly
    6
  15063. I'm glad you mentioned George Gammon. We are involved in a 100 level economic chess game. You, George, Travis, Jonathon (Walters), Mike Maloney, Dan, Peter Schiff and several others all bring to the table important perspectives needed to see where we are historically and where we will be in the near future.
    6
  15064. home prices tend to go down when you get about 40 or 50 miles outside of the rats nest. you know, where everyone is in the rat race. aka the metro areas.
    6
  15065. Hey I’ve been looking at property in Venice Fl. Saw a listing for a house, asking 960,000, I looked at the history and they paid 300000 in 2019. Crazy! Nothing special house
    6
  15066. 1st! Yes!!!! Happy Friday
    6
  15067. Florida IS Awesome! So much beautiful here! Great Video
    6
  15068. May the force always be with you Michael!...Be like water🙏🙏🙏
    6
  15069. Michael is correct. I am 70 years old and own (4) modest rental properties. I started to draw SS at 62 with no regrets. I am free to spend about 65% of my rental income after servicing all costs and I have NOT touched the principal. Note: My properties "appreciated" over $100,000 in the past 6 months alone. We cashed our 401Ks and bought rentals and are way ahead of the game. (I understand inflation.) If there is a better game I have not found it. Note: The FED is in the dollar devaluation business and always was. Inflation averaged about 5.5% year over year for the past 50 years (my numbers) and the FED is not about stopping the printing press (it is how they fund government spending). Cheers!
    6
  15070. Great video, Michael! One of the many reasons that I love living in the Miami area - the warm weather, especially during this time!! 😍
    6
  15071. 1% mortgages sounds like the sub-prime mortgage meltdown from 2008 again.
    6
  15072. I hope to see prices get better. I just dont see it yet for FL due to the amount of people fleeing their own states. Other areas I can see this happening. I’ve love to buy but am patient and don’t see FL just yet. Things can change though with these rate hikes and underwater buyers going into foreclosure. It is going to be aninteresting ride.
    6
  15073. Lovin the reviews! Keep it up please!! I still have roughly 4.5 months of warm weather to decide where to next.
    6
  15074. Working til you die.... Yikes! People may think they can do this but be aware that if one is not in good health, the decision to stop working will be made for them. Live well....take care of your body, mind and spirit.
    6
  15075. I am here since 2011, and except hurricane I love everything here.
    6
  15076. I think it's a good comparison between the cars and the houses. You can buy a Lamborghini and have the most expensive car insurance in the whole neighborhood. The same game is also playing out in the real estate market. And inflation makes the game even more fun
    6
  15077. Michael, I would advise you to sell ASAP. That payment you have is ridiculous. After hearing this, I don't know who would want to buy it. Even if you have a successful business, I don't think it makes sense. Florida sunshine is not all that anyway! Good luck.
    6
  15078. I agree with everything except nicks opinion to ease the rate hikes. If they stop now we will see a double dip recession which will be worse. Great video as always!
    6
  15079. My favorite Beach is the Venice Beach on the Golf coast for sure! I‘ve been there twice and It was beautiful every time. There‘s a nice restaurant, a big parking lot, wonderful blue water and a pretty nice fishing pier! Love your Videos, greetings from Germany🇩🇪
    6
  15080. Yay!!!😃You made it!!!Welcome to Cali!!!😎🌴Montage Laguna Beach is a nice area too if you have time!!! Sorry about the muzzle!!!🤡 🚫😷 I'm glad you both are having a good time!!!🌴🌴🌴😎
    6
  15081. NO Housing CRASH Coming…they said that in 2006. Its stagnate only temporary they said after. Last year this time in Wilton Manors was 14 listings and average time on market was a week or less. Now its 54 (single family homes) and good luck with selling. Some was for sale 3-4 months and they listed to rent now. No buyers.
    6
  15082. Omg the future Mayor 🤣 I'd put money on it that he's lived there his whole life, a legit mountain man. Breckenridge is gorgeous, I live about an hour and a half from there and enjoy going in the summer (I'm a CO native and I HATE the cold & winters). Surprisingly, there's a really good Cajun restaurant there! I hope you had a chance to go see Isak, the big troll! He's pretty cool.
    6
  15083. Ok you convivced me to move with the red conservative vote and bad hair days I LOVE my wavy hair in humidity. I have usted to live in Mallorca, Balearic Islands in Spain before grey Paris and 80% humidity gets me nice and curly.🤣
    6
  15084. Michael, you should go downtown LA and do a video on the Homeless. The beach looks nice, but there is another reality to CA.? Maybe if you move to CA. you can get reparations for the past.
    6
  15085. I appreciate your informative content. Thank you.
    6
  15086. As a condo owner in a condemned building I'm not sure how much bargaining leverage you actually have in that scenario but glad to know that most of them got well over market value offers to start over
    6
  15087. THE BIGGEST SCAM..$10,000 moble home now selling for 150,000
    6
  15088. Love your walking and now driving tour videos Mike! I see maybe one or two other people on all of YouTube consistently displaying life as a local in Miami like you do, you've got something here
    6
  15089. Michael, when the boss not watching, the mice play. If you don’t like it, get another job. Unless it’s in your employment contract you can work remotely, go back to the office. This woke theology is losing steam quickly. If you are living in a old condo project or mobile home park and are offered a fair buy out, get the h.. out ! Move on, you are better off. You might find a new opportunity elsewhere.
    6
  15090. Research and find it costs over 300,000$ now on average to raise 1 kid birth to 18 years old. That’s nearly 20 grand a year. So yah I’d say people with kids have it harder for sure. But it’s all a trade off.
    6
  15091. Im a cash buyer but not at these prices.
    6
  15092. Imagine paying 1.3 million for a cracker box. Just damn.
    6
  15093. A few years back my homeowners insurance said I had to insure my vehicles with them to keep insuring the house with them. I dropped them.
    6
  15094. Buyers agents are the one who push prices up. They force buyers to over pay so they can be paid the selling commission. With that no longer the case listing agents will struggle to sell their listing as buyers agents will now have to negotiate a fee with the buyer that will most likely come off the offered price. This will backfire on sellers and listing agents. Listing agents are the one who does little work. Buyers agents do the most work and bring the offers. Where does the seller get the money to pay commission? From the buyer. Well see.
    6
  15095.  @MichaelBordenaro  yes the famous VA property car tax.
    6
  15096. No train or buses to commute to work. With as hot as it gets and humid there’s no way I would walk or bike anywhere. So you need to be sure you have a good car. Also with as many seniors you’d think they’d have a great hospital. Ambulance took over 15 min to get to us with a back injury they sent 2 people the size of 5th graders who actually asked patient with a ruptured disk in his back to try to get on the gurney by himself or they would not be able to do it. Worst service ever.
    6
  15097. In my opinion, we are right where we were in early 2007. I had been looking at housing in wpb for 3 years and got priced out of the market. Prices started to fall and I purchased thinking it was a brief dip but we all know how far housing fell. Basically I got a 25 percent discount from the high. But after the crash, I was down 33 percent from my purchase price. Now I'm up over 25 percent from my purchase price. So real estate is anything but stable.
    6
  15098. Sounds like condo living is a no go. F that, rip off
    6
  15099. Next video dad needs some 😎
    6
  15100. The tranquility of this lovely Florida neighborhood breaks the heart of this Florida boy in Brooklyn. St. Augustine would be perfect for my return but (decent) real estate including rentals just way over my budget.
    6
  15101. My brother made $400k a year for about 5/6 years and has about nothing now.
    6
  15102. I can take it or leave it. If I have to wake up at four, five, six, it really doesn’t matter. And if I have a job where I have to work till two in the morning, that’s OK too. I find I’m easily adaptable to whatever schedule as long as it’s consistent and my body can get into a rhythm. I do appreciate the peacefulness when I’m coming home at two in the morning and nobody else is on the road and the world is peaceful. But I find too that I like to come alive when the sun comes up and get the most of the day. And when I do that even when I sleep in, I usually only get up a couple hours after I’m used to getting up at a certain time. But there is no better feeling than to not have to get up to a stupid ass alarm.
    6
  15103. BRING THE RAIN HERE IN CALIFORNIA We need that rain. Never get rain anymore in Cali
    6
  15104. High tax and crime, and the way CA is badly run are what make people want to run away from California !
    6
  15105. Hey Michael I think this is one of your best videos in a while. Maybe its just the camera and the background but you were dropping some serious knowledge for just a real estate dude (non-economist) lol. Thanks for sharing.
    6
  15106. Gas Prices here in Central California are around $6. The most I've seen was $7.04 for 91 Premium gas. Smh.
    6
  15107. It takes a certain amount of discipline. But you have to live below your means.
    6
  15108. Happy anniversary ❤❤🎉🎉
    6
  15109. Groceries are up 100% plus
    6
  15110. Michael….Re: Fed Cutting Interest Rates. Considering the corruption in the Fed Govt. what’s your thoughts on the ‘FED’ cutting rates several months prior to the election 2024, for political purposes?
    6
  15111. I despise the high earning living paycheck to paycheck and running up credit cards way of life. I'll be honest. I despise it because we are a high earning household, but socially and out and about in life, there are people who earn less and are living in lots of debt who get to look down on us. Sorry but it shouldn't be that way. People do this paycheck to paycheck living on credit card stuff because they're getting social and dopamine rewards for it somewhere. It's an addiction for them, and it's completely unfair to those of us who are "sober." How different things would be if people were being judged based on their income and debt as opposed to the trappings they display outwardly. Not that I'm saying that should happen, but just think of how differently these people would behave. Their behavior is almost always based on a desire to fit in socially. I'll admit I have a bitterness towards such people and wouldn't be sad if they fell on hard(er) times.
    6
  15112. Hmm, let me think of the last time when people were buying houses with variable rate mortgages because houses can only go up.
    6
  15113. If people think there is no recession coming they are listening to the wrong people.
    6
  15114. The people in the article? Amazon for sure! Or Facebook. Sigh, this will just deepen the phuckery that is the Seattle housing market... It's funny that you ask what they're going to do... I think they'll try to buy, hence the above. These are overpaid tech workers with more money than sense.
    6
  15115. I sold my house about 9 months ago and it’s the best decision I ever made. I was able to buy a newer house with 20% down and still got plenty of cash left.
    6
  15116. Let the foreclosures begin😃 I have cash waiting for the crash
    6
  15117. Hi Michael, I just bought a house in south Daytona and the closing is early Feb! I've so much hassle to find an insurance to cover for my house! The All state doesn't like the townhouse roof that's flat even the inspection report came out very good! Only Citizen is willing but the policies are bad!
    6
  15118. Miami is definitely in the top 5 worse traffic areas in the nation.
    6
  15119. Hey man people can watch a real estate show anywhere, they come to you for the Miami Vice attitude!
    6
  15120. Hey Michael she probably pays 50% tax which the government wastes, so what she has left is actually not that much. The Teslas are a waste of money but the HELOC would be a crazy move. I love all your videos. Even my wife is starting to listen. Thank you for your hard work.
    6
  15121. It’s calm traffic now. When the students return, the traffic changes 🤦🏽‍♀️🤷🏽‍♀️
    6
  15122. You had me going with that jingle 😂
    6
  15123. I hear some black sabbath influence in that playing.
    6
  15124. very curious what happens when an area gets hit hard by a hurricane. Prices go up or down?
    6
  15125. When my parents got married in 1960 and bought their first house their payment was $50 a month for 30 years today that house would easily sell for $250,000
    6
  15126. Really appreciate all these informative videos Michael! I'm currently 19 and I've been saving up to move out of West Virginia for the last two years now. I've been working a part-time job for the last three years to pay for college (just a certificate program, not a degree.) I was originally thinking the Oregon coast but after watching your videos and doing research on rent costs, job opportunities, etc, (and watching a lot of Miami Vice 😂), it's clear that Florida is the smarter option. Are there any beaches around the southern end of Florida that you would recommend other than Miami Beach?
    6
  15127. not too sure on the data. In this still hot market, homeowners would just sell it to avoid foreclosures?
    6
  15128. Thanks for reminding me to check about the reserves. My favorite condo I was looking at in Ft. Walton had a high association fee for what it was. But if it includes a good reserve, it could be worth it!
    6
  15129. Yes I read about that story about someone building on his inherited land. Unbelievable how people can get away selling someone else’s land & not knowing about it
    6
  15130. I don't like checks period! Handing over a check is giving a stranger ALL of your personal info..routing number, bank account number address...tmi
    6
  15131. I'm looking for 100k for house again.🙏
    6
  15132. Technically, they're in violation of their mortgages if they obtained the mortgage as a homeowner occupant and then move out and rent it. The banks won't foreclose if they keep paying - but they could.
    6
  15133. Beautiful walk. Rock on real estate warrior 😎
    6
  15134. Nice park!
    6
  15135. Beautiful walk! Thank you. Foreigners should be able to rent..NOT BUY land in USA let alone any country. I do not want XI having input on our laws.
    6
  15136. But what if you live in your car?
    6
  15137. Here we go again! 😂
    6
  15138. Daytona is dirt cheap because it's dirt poor
    6
  15139. yo, get out of florida micheal
    6
  15140. I’m sick of the taxes in Illinois (NW suburbs) we need to move to Florida. I work in Information Technology, my wife is a nurse both good careers. Should we find jobs first before we purchase a home?
    6
  15141. How do we fix this problem? Two words: SOUND MONEY
    6
  15142. Michael, Salut! )
    6
  15143. IMF ❤ WORLD BANK ❤ FEDERAL RESERVE ❤ WORLD ECONOMIC FORUM ❤ these are a few of my favorite fiends.
    6
  15144. Needs to go much lower. Not a shock. Look at prices just two years ago. The FOMO into this market plus cost of money is 2 times more expensive. Plus inflation eating away at families savings. Also salaries decreasing by 3.8%. My brother just cancelled on a home but for mortgage would have been $1000 more a month than just 4 months ago. Also energy and food costs for his family are up 60%. He told me a few of his other friends pulled out of deals also.
    6
  15145. Hey 👋, I work in the trucking industry and we got a message the other day that we had to take a pay cut and stay out longer . 😢
    6
  15146. Tesla is just the first sign of economy going from inflation to Deflation 👍
    6
  15147. It's the challenging geopolitical issues that have me rethinking travel the holiday season.. guess we'll just drive up to the family gathering...(sigh)! No planes; nor international travel just now.
    6
  15148. Great video as always.
    6
  15149. Always great to see your program. I think Florida will drop 30 percent in the coming 12 months
    6
  15150. Nice scenery, but don’t ever leave Fl for there.
    6
  15151. When I lived in Jax. The temperature was perfect ( in my opinion) Saint Augustine wasn't too far away ( I know its your favorite)😊
    6
  15152. Wow. So nice to see that handsome face and eyes with no sunglasses. You could make Millions of $$ as a model bud. It's not too late man. I know what I'm talking about, believe me. But I would miss your Real Estate info big time. You will always be successful, what ever you do.
    6
  15153. Xcellent presentation! Honest,informative, straight forward!
    6
  15154. Absolutely not. We live in a capitalistic society where anyone if you have the ambition and do the work can go from rags to riches and real estate is the best way of doing that. I want less taxes and less government because in your scenario landlords will just raise rents more to deal with higher taxes and people will pay it because they need a place to stay and then complain about so called “greedy landlords”. You already must have to put 25% down and get a higher rate for a 2nd home.
    6
  15155. Throwing money at all these people is just throwing even more money after all the bad money. I know people at work that make decent money yet still get collection calls. And these people aren't even as bad as all these welfare do nothings and grifters.
    6
  15156. I WANT TO MOVE TO FL SO BAD HELP ME IM IN -15° IN CO
    6
  15157. With the very high sales prices - add in utilities (going up), property taxes (going up), homeowners insurance (going up.) Plus - all the other expenses people have. You also need to have a set income for 20-30 years. Buying a house/townhome is very risky - these days. Life in America is vey challenging.
    6
  15158. Isn’t California beaches colder then Florida beach s and isn’t the water colder to swim in California
    6
  15159. In Miami most of the trailer parks run about $1000 a month best bet if you can by the land yourself would not recommend moving to mobile park rent keeps hiking up
    6
  15160. I am a Colorado native who moved to Florida 18 months ago. I love Florida. I am glad to be away from the extreme weather (literally 7 months of winter with the 1st snow in mid October and last snow in mid May), homeless population, housing prices, and political extremes. Keep up the good work. Great videos.
    6
  15161. I'm actually from Spring Hill, Fl!! We moved there when I was eight years old and it was such a quiet and peaceful place. It's about an hour north of Tampa, and you're not missing anything. I moved away to Georgia in 2006, and I have to go to SH to visit my family, occasionally.
    6
  15162. As someone who has student loans and will be able to take advantage of the 10k payment, I 💯 agree with you that it isn't fair or right. I knew exactly what I was signing and expectations to pay back my student loans.
    6
  15163. Please make a video on investment property in Florida. Thanks
    6
  15164. Housing market is DONE the slide has begun
    6
  15165. Thanks for this information, Michael. I would prefer to avoid HOA fees; but as you indicate, there are a lot of HOA units out there.
    6
  15166. Bought here last September .. Great place to live Truly amazing people and atmosphere. Saint Augustine is great 👍
    6
  15167. What is debt??👻 Also the best option is building a house. That way everything is new and you don’t have to replace things quickly & you even get to design the interior
    6
  15168. HAPPY INDEPENDENCE DAY MICHAEL ❤🇺🇲❤
    6
  15169. Glad to be moving to Florida after college. Here in Nebraska, registering your new car is close to 1,200 a year. Plus we have the highest taxes and the pay just doesn't match it!
    6
  15170. Our country is totally screwed up. I don't mind people driving electric cars. However they need to pay their fair share. The rest of us should not be subsidizing them
    6
  15171. Anyone who lost during the last crash... understands that it takes baby steps...
    6
  15172. 1000% agree with you Michael!
    6
  15173. I have been following you for a long time! Keep up the good work 💪
    6
  15174. 2k a month is the average baby sitter cost per month for 2 kids here in Ohio
    6
  15175. Well you don't quit. You just don't show up and they will fire you and you get unemployment.
    6
  15176. Im stacking cash and looking to buy 3 buy-and-hold rentals. I sold a 4 unit (like the old one you mentioned) at the top of market (sell high). And now i feel like a buzzard circling a dying animal, waiting to pounce (buy low). Be patient my friends. Building long-term wealth requires it.
    6
  15177. I like IRA/annuities and plan to use that route although I will have a decent state pension and partial social security (hopefully). I've been working since I was 13 so it's really hard to imagine me ever 'retiring' from some sort of gainful employment.
    6
  15178. How about when a person/company has more than 250K in a particular account, start charging those particular customers for that insurance. This would incentivize that particular person/company to either have additional accounts in that bank (lower than 250K) or have their monies in additional banks.
    6
  15179. Wow, I finally found someone who I can relate to. I have been struggling my whole life with this, most people think I'm strange because I don't socialize much, yet to me they are the strange one's. I grew up with no family per se, when i met who was to be my wife, she grew up with a big family and when I "HAD" to go to a family function I felt awkward, been married about 40 yrs and nothing has changed. I can be in my brother in laws house for 6 hrs. with 20 people and won't say more than a handful of word's , just watching the clock till we can leave. Heaven forbid you might have a different opinion on something, I like a discussion, they thrive on argument, which leads to temper flare ups, which leads me to laughing, which really get's them pissed, ruin's they're whole day and some how it's my fault.lol
    6
  15180. unemployment is ALWAYS last domino to fall in a recession/depression
    6
  15181. Great Video Michael. So glad you got to catch up with your bud Nick. You two are "The Powerhouse". Love the "just happened to bump into Nick" LOL.
    6
  15182. Great video Michael, I like the idea of driving tours with commentary. Almost forgot that I actually Iive here watching this, lol. 👍🏾
    6
  15183. I agree with most of what your saying. I am in an area in Orlando that always has low inventory so not too worried, maybe a 10% hit off an inflatedcprice doesnt bother me. The economy is trash regardless these made up numbers and will crash not sure when but its coming.
    6
  15184. I bought a second home with a HELOC.......only had 2 mortgages. No loan against second home. Paid off HELOC in 2 years. Then used HELOC to pay off 1st mortgage. Saved a ton in interest! Great tool. Agree many people use it for wrong purposes.
    6
  15185. I think once you get comfortable with the idea of being alone, you gain this kind of freedom that you can't get anywhere else. The world becomes your oyster. You determine your own destiny. But really, you're never alone. There are plenty of people going through the same things as you. I'm right there with you trying to find a place in central Florida so I can move out of crazy california next year after school. Best of luck to you! ❤️
    6
  15186. 😂😂😂😂😂 hold your breath definitely bs trying to buy votes
    6
  15187. This is your best video. Great job Michael
    6
  15188. In some counties along the treasure coast, prices are completely out of control. I sold where I am so I could be ready if a listing came up that I wanted to buy. Most homes are outdated and need work. That along with hyper-inflated pricing makes it financially suicidal to buy there. Pretty bummed considering I’m ready to go. Nobody learned from the last crash. So, I’ll have to wait.
    6
  15189. One more reason not to buy a home with a loan. Pay cash people, pay cash. Remove the risk from your lives. Rely on yourself. If you need to move further out into the suburbs to afford a home, so be it.
    6
  15190. I am a native .I was born here in1969. I have been my whole life.I see so many people move here and then after they are here for a couple of years the honeymoon period is over. Its a transient state with a lot of older people. I wish ,I could move somewhere else.
    6
  15191. The govt will keep printing - maybe reset the value of money and switch to a digital dollar. It’s so discouraging that the rich get bailed out.
    6
  15192. You can still get an old Corolla for 5 grand. It’s about people over spending.
    6
  15193. My current rent in Chandler AZ is 3,200. It's a 4+2 w/3 car garage and pool. Awesome. Mortgage would be around 4k with 5% down. Only I know the 2 a/c units are running out of their lives, pool pump needed to be replaced, dish washer needed to be replaced. Oh and the roof! Maybe has 5 years left. I can think of a handful of other things...non of which I'm paying for. The money I'm saving by renting is keeping me happy. I have 0 debt. Just the rent payments.
    6
  15194. His house is still listed by the way and likely hes going to have to lower the price probably more than 20K
    6
  15195. A 1 bedroom on the. Each will run you 4K in the So Cal area!!!! People laugh, but the weather here just can’t be beat ;)
    6
  15196. It used to be if you made an average living, you could easily buy a nice affordable little house. But because of greed, the average house is now outrageously expensive and has outpaced normal people making a normal living. It's all about greed, and making houses an investment that homeowners now expect to go up 40% in just a few years. It used to take ten+ years for that to happen. Homes should not only be for the wealthy. The entire situation is not only crazy, it's getting dangerous. Humans need a safe, clean home, and that's not an option any longer for the working middle class.
    6
  15197. Awkward Twist : Annie evicts you next week LOL.
    6
  15198. Thank you Michael for all your videos 👍🏻🙏
    6
  15199. Did you think those Geico and Nationwide commercials were free? 😂😂😂
    6
  15200. Love your content and updates yet now your are in the highest end of the real-estate market which is ugly yet not completely representative of the masses that aren't in high end of California.
    6
  15201. Once again the Governments actions to ‘help’ renters will have the opposite effect & there will be less rental properties available 🤦‍♂️
    6
  15202. Things are insane here and getting worse. I'm good though 😂
    6
  15203. No Michael. Reduction in water usage, or reduction in population is not the solution. 2/3rds of the planet is covered in water. California has been unwilling to build desalination plants. They value fish more than humans. Arizona is best positioned to negotiate with Mexico to fund a desalination plant near Puerto Peñasco (Rocky Pojnt) and push water north through Tucson, Phoenix, etc. Arizona could recoup their costs by selling water to surrounding States including Utah, New Mexico and Colorado.
    6
  15204. Learn to cook your own food at home. You will be glad you did.
    6
  15205. The cool part is this used to be a NASACR track!
    6
  15206. No, a 5.8% interest rate or even 5% wouldn't be enough, not at all. Would NOT get me to buy...unless home prices came down big-time. Will they? Who knows. I'll keep waiting, thanks. -- BR
    6
  15207. you seem like a stand up person. am sure your clients are well represented.
    6
  15208. FTSE is not a reit,, it the top 100 stocks on the London Exchange (their version of the S&P500).,, but you are correct about reits taking a beating.
    6
  15209. Escrow companies send our 'Warning" emails as a courtesy to parties of transactions. They instruct parties to verify the wire transfer is authentic prior to sending any funds. This is for the protection of the buyer.
    6
  15210. Michael, have always been a proponent of your telling people like it is. And the saying is, 'wake up and smell the roses'... It is going to get real, real ugly.
    6
  15211. We’re currently looking for a 3500+ sq ft annual rental home in Sarasota or Manatee Counties (for anytime March-June 1st move in) and I can see this will be an absolute fight to find one. We’re planning to rent and navigate the area so we can buy the end of 2023 or early 2024. I’m starting to think we’re going to have to widen our search area. It seems inventory will be low and it’s cutthroat out there!
    6
  15212. Yes they will keep this foolishness going. 40 & 50 year mortgages standard are next. 30 year mortgages are the new 15 year.
    6
  15213. And people thought it was great with their property going up in value,lol fools.
    6
  15214. Finally Cali 🔥💥
    6
  15215. Another great video Mike 💯...Thanks for sharing!
    6
  15216. Compton, Compton, Compton, Compton, Compton, Compton, Compton, Compton!!!
    6
  15217. My favorite childhood vacation memories are camping trips.
    6
  15218. Thanks for the video. I love the CA beaches except for the water temps! I was just in the FL panhandle and it was similar temps.
    6
  15219. This how it works, I bet. Developers do their research and figure what tenants have means and power to litigate them in court and who dont. And they offer buyouts accordingly. Selling at loss... Investors need cash flow. May be this is some kind "house shorting strategy" sell now even with some loss, to buy back at much lower price later on. They are hedging against the prices going down.
    6
  15220. If people think they are gonna buy at the absolute top, pay the transitional costs, the new non homestead tax structure and then find a renter to pay what you need to cover the costs, think again. First thing that will happen is that rent is gonna be late.
    6
  15221. I think moving to such a flat state would be difficult, all my life, I've always lived in hilly or mountainous areas.
    6
  15222. I grew up in the west coast and northeast. Mountains all my childhood and young adult. Moved to Florida because of the Military. Over 25 years later I thought I missed the Mountains so much that I moved back west. Well after a year of getting the Mountains out of my system. I miss Florida so much that I am planning of moving back. I lived over 8 years in the Fort Walton area and over 15 in the Miami area. For me, nothing beats the Florida lifestyle. Thats just me!!
    6
  15223. Thank you, Michael, since I'm hoping to relocate to Florida later this year, but I'll be renting, at least for a while. But I'm planning on going directly to the apt complexes I'm interested in, and go to their offices directly to inquire about availability.
    6
  15224. The IRON HAMMER comes down after the holidays.
    6
  15225. 89K sub's couldn't happen to a nicer guy.
    6
  15226. The demand will continue strong. And the prices will be even higher to accommodate insurance costs and more robust building codes. But there is plenty of money and people willing to buy. The ones that will be hurt will be the poor people who won’t be able to afford the new prices.
    6
  15227. These assessment / HOA fees and insurance premiums are criminal and should be prosecuted.
    6
  15228. Hey Michale, I've mentioned this in a previous post. Look at your condo insurance policy documents and see if you can make a claim under the "Loss of use" section of your policy. Some insurance policies will cover up to a specific dollar amount for loss of use, other insurance policies will be based on time with no dollar cap. Typically it applies for named perils (like wind, hail, fire, lightning, etc, etc), Since the deterioration of a property isn't really a "peril" per se, it might not over loss of use. But you never know, it sill might cover someone in this case. Some policies have what is called "open perils", meaning that it covers you for any loss unless it is specifically excluded. The thing to do is ask your insurance company for a copy of your full insurance policy, if you haven't retained a copy. Go to the section in your policy documents under "loss of use" and see what it says. Also look under the section entitled "perils" to see what perils the policy covers, both included and excluded. See whether your policy is named perils or open perils.
    6
  15229. I see games being played with the pending homes. The listing goes pending for a few weeks then goes back to normal. I’ve watched this happen to many homes multiple times where I’m looking.
    6
  15230. I’m from Nashville and sales tax there or at least in the county I live in is 9.75%! So I was really surprised to see the lower sales tax in Florida.
    6
  15231. Good point about people keeping a balance on their credit card. That is wrong. Pay it off in full each month for a good credit score. It’s good we have YouTube and google to learn about things. In the past, people relied on what others told them, and this was often wrong.
    6
  15232. These people jumping into homes at these high prices have no idea how immensely large is the USA. There is more than enough land for the whole world in the US 100x over and over 😂
    6
  15233. its like youve said before, in many cases it won't matter if rates are relatively low at 6% or so. people who qualified for that relative rate a year ago won't next year. lending will get even tighter
    6
  15234. I was planning to move to Florida, but there are too many obstacles and people in order to rent just an apartment. Looking at other States now. Thank you for your insight. Enjoy following your videos.
    6
  15235. Keep up the amazing information always
    6
  15236. I think he likes Saint Augustine the best👍🏼
    6
  15237. Hi Michael & Michael's Wife/Lizzie🤗🤗(& 1st 'Here')
    6
  15238. no to enabling
    6
  15239. The Villlages just had three sinkholes form by the golf course!
    6
  15240. In NoVA home prices continue to increase along with mortgage rates. Lots of high-paying federal jobs here. Chances of a crash or correction are slim. Many of us are now priced out of the market for good.
    6
  15241. Oh Mike my fav was the "ownership" one. $1500 a/month in MIAMI. OMG. Awsome!
    6
  15242. Past performance does not guarantee future results. Just because homes were affordable before doesn’t mean they will be in the future.
    6
  15243. Been here since you had less than 1k subs , appreciate what you do
    6
  15244. Great episode. I think you should coin a new term: "faquity".
    6
  15245. Great post, Michael. We're staying put in New Mexico in retirement. Previously, we were going to move to Florida. Michael, please inform your audience that if you wish to move overseas, you cannot keep your U.S. bank accounts unless you have a permanent mailing address in the U.S. Our bank informed us that we could use a "trusted" friend or relative for the mailing address. However, we are concern about the pre-approved credit cards that are being mailed without our request. Identity theft can be a problem. Our final decision is just to stay in place in retirement where the cost of living is low.
    6
  15246. You said you’ve never seen all of these conditions come together…I’m a World History and Econ/Gov teacher and I’d say this reminds me of Germany before the collapse of the Weimer Republic. Obviously not to the same degree but as far as inflation, war driving up petrol and other goods, coming out of a pandemic, divisive political climate, and extremist ideologies (on both sides) emerging in the desperation. It’s scary and I fear for our political, economic, and social institutions.
    6
  15247. Sold our house in metro Philadelphia for 92% of bubble high and 96% of listing price. We were NOT the norm and were extremely LUCKY.
    6
  15248. I put off relocating to Florida because rent price rises for 2 years but hoping to relocate by spring .Waiting for the rent to drop a little bit more 🙏🙏🙏Thanks Michael
    6
  15249. Is it hard to find a condo that has a reserve fund? I'm not too big a fan of the HOA going up overtime
    6
  15250. People lump Florida as a state; yes there are some similarities, but you cannot compare the Panhandle to Tampa to St.Petersburg to Sarasota or compare other areas to Miami or the S.E. tri-county area :way different.
    6
  15251. What is the average guy going to do to live in a place ? This is scary.
    6
  15252. Kathy and Elon are in the growth stock community which relies on relatively cheap money to grow their companies. If there's no access to cheap money they can't grow. It's why the NASDAQ is tanking
    6
  15253. This may sound selfish but I hope the coastal culture won’t dissipate. Lots and lots of high maintenance city folk are flooding in
    6
  15254. You should do a bit on the Scarface spots. It's a little disappointing the chainsaw scene is now the CVS on Ocean 😂. I've always wondered where other spots were though.
    6
  15255. I think there will be a shift on home building because materials needed to build a home as become very expensive and i believe that the new normal will be building tiny home subdivisions there already doing it now and you can only put so many bandages on the housing market before it collapses the estimate of foreclosures will grow next year because many home owners cant afford where they live and hanging on by a thread as Micheal stated before everything goes up...taxes... insurance and toss in maintenance and home owners are in trouble and coastal states are taking a insurance beating and now even investors are selling off their properties and a sign right there i give it 2yrs and there will be a major change in the real estate market
    6
  15256. Nice video and very informative. You've got a nice speaking voice and you are interesting to listen to so doing this for a living is the right move.
    6
  15257. I like travis , hes a bit nerdy but cool guy and always gives good information most of the time.
    6
  15258. Man how nice of you to give Margaret all that one on one time with you and lizzi, just to edit it all out.😅😂😊
    6
  15259. Drove past a new apartment in Solano Beach, San Diego this a.m. They were advertising 1 bdrm's starting from $5750 a month.....HOLY SHEET!!!
    6
  15260. Exactly
    6
  15261. Agree! This video was worth the watch on that finding alone. All in all, not a big fan of cars on the beach. That's another huge useful reveal in this. I know that's where auto racing supposedly started, but I would much rather be on a more virgin terrain. Like Juno Beach from your other video. Thanks.
    6
  15262. The best thing anyone can do is deleverage by getting rid of consumer debts etc. Car yards have excess inventory they can't sell, vehicles at auctions are dropping. As discretionary spending is reduced it will work its way into economy. My guess still though is 2024 will be bumped to help the the elections and 2025 where it could go wrong.
    6
  15263. LOL. This is so funny. I always thought the same thing. Even in the nicer neighborhoods folks have old beat up "furniture". Some dont even have IKEA level stuff. Just the way it is. I am also wondering when the crash will happen.
    6
  15264. Michael,I want longitude and latitude coordinates all the time forever,lol😂.just kidding.i bet your glad you are not a realtor anymore.majorcjob cuts coming😮😮
    6
  15265. So you and your wife both have businesses where you walk for miles!
    6
  15266. I’m an Illinoisan planning on moving into my vacation home full time in Florida in the keys
    6
  15267. Good let it fall and let it crash!!!!
    6
  15268. Fyi wage growth is almost entirely at the bottom 10% of the population for people in the 70-150k per year income the wage growth is basically zero over the last 2 years
    6
  15269. Shouldn't she be wearing a tank top as well? I thought that was a requirement!
    6
  15270. Thanks all of your information
    6
  15271. Home builders build too many 2 story houses and townhomes in Winter Garden and Windermere. People want single story homes. Plus there are no condos here. We need smaller houses for people who are single or alone .
    6
  15272. First off! Nobody walks in L.A. secondly, not even Robocop will go into Boyle Heights.
    6
  15273. I live in Chicagoland, and there are Tesla's everywhere! Its hysterical!🤣
    6
  15274. Michael, can you give your take on the Austin, TX market and why there is a substantial drop in the sales price on closed properties? It is in houses or condos?
    6
  15275. The flood insurance was a shock, and it goes up 8-10% every year. I just closed on a property there.
    6
  15276. Lately there are hardly any jobs in Sarasota. The jobs that are here are nine bucks an hour. I don't know how you newly arrived are going to get anything good. Unless you are a hospital worker.
    6
  15277. Over 9 grand a year for fire insurance here in Northern California on a home purchase made a few months ago . Ouch .
    6
  15278. Great video Mike!! That house you showed for $2.8 million how did its assessed value go from $336k in 2018 to $936k in ONE YEAR TO 2019?
    6
  15279. Well said I’m in ny on Long Island now I’ve been stuck on the hamster wheel as you said just exist it’s a awful life moving down ASAP!!!
    6
  15280. My brothers in laws had 2 condos out on Sanibel and they don't even plan on ever going back. I have been to all those beaches and they all have single family homes on the water and not on stilts. Marco Island is probably the only place that doesn't as their beach is mainly highrise condos and resorts. Anyone that has driven up Bonita Beach Road knows what I am talking about. I doubt insurance will cover this area again, if they were covered at all anyway since only 7% of the damaged area had flood insurance and the lack of roof coverage. The rich who can pay cash for beach homes may stay there but I think everyone else is done.
    6
  15281. When you sell your house, deduct all the years of property tax, maintenance cost - inside and/or outside, landscaping cost, possibly snow removal in some areas, home owners insurance...and if it's a condo, deduct the HOA fees and assessments for years on top of that. Oh! And all of the appliances you have replaced multiple times. You might as well rent. You're broke either way and spent your time (which is priceless) on the maintenance and landscaping or finding people and getting quotes for those things.
    6
  15282. not needed, lizy is reading them all for you, we need some poolside showings !!!!
    6
  15283. It's unconstitutional to force people into electronic currency only legal tender is specified in our Constitution and spending money has already ruled a form of free speech so we have to fight electronic only currency.
    6
  15284. Dave Ramsey is right to an extent. Housing will never again become affordable for the average person. It will only go up. Too many “investors” with deep pockets will always win. Housing will be the downfall of America. A nation of renters
    6
  15285. The inherent problem I see with crypto is that even the "good" crypto like BTC is still mostly just held for speculation. After 13 years, there's really not a groundswell of demand for crypto to use for actual transactions, buying and selling real things. If crypto is supposed to be a medium of exchange, I want to see evidence that there's a trend towards using it as such. Where is it? I would love to see the world move to cryptocurrency instead of fiat. But it's not happening, at this point. Everyone is just buying crypto and hoping they will be rich at some point in the future.
    6
  15286. I bought my first house in 1985. Our interest rate was 12.5%. The person we bought from had in built in 1979. Her rate was 17%.
    6
  15287. I agree with you. California is vastly different in and amongst itself. I lived in San Diego. LOVED it, Redding HATED it, primarily lived the bulk of my life in Sonoma County. To me Sonoma County (where I live now) gets too much rain in the winter/spring, too cold for me too. I love our summer HOT months, never use A/C even when it's over 100 degrees. We've had snow and ice storms in April, just this year in fact. A lightening storm with rain in August (which sparked fires and evacuations). I can't wait to get to Florida, well South Florida Tampa area where it's warm in the winter. The humidity doesn't bother me. I have spent summer months in Puerto Vallarta where it's quite humid, also in Texas and New Orleans. I find Florida different in varying areas as well. I have friends in Jacksonville (too cold for me in the winter), In Ft. Lauderdale, Weston, Miami areas, Tampa, The Keys and The Panhandle. All of which are vastly different just like the areas of California are vastly different. I think it's hard to compare state to state but appreciate Michael's input.
    6
  15288. The big question is, when it breaks are they going to be able to stop the fall by reversing? In my opinion, there will be no soft landing. I've got my chips in and betting they can't. If that is true, and I'm right, I'm not even sure they'll even let me have the money on my bet and take it in a bail in. We'll just have to see!
    6
  15289. Homeless population goes way deeper than just being homeless....It is our lack of medical aid for drug addiction and mental illness that is way out of control and neglected...and as far as buying a house by the beach in California.....1 million will basically buy you a shack at land value...and that in a less desirable beach like san pedro or out skirts of malibu
    6
  15290. Hi Mike, You should try and sell this video to the Florida tourist bureau, and they can use it in their promotion for selling the benefits of Florida to the masses.
    6
  15291. 97k Michael, almost 100k! 👍 Another Great Video. Thank You and Happy Sunday. Thank you to your guest Gina too for doing this.
    6
  15292. Very helpful. Looking forward to the East Coast Version. Then maybe North Florida, more inland, like around Ocala? Thanks.
    6
  15293. I appreciate your point about being Financially responsible .... there is a lot that can be said about that point. And, it's likely that everyone reading this can improve something in this area. I think the bigger issue, for us on the WEST coast, is that since 2000 houses are up 700% - 900% while incomes over this same time is only up 30%- 40% at best. Has anyone doubled their income in the past 20 years. There's not much that being financially responsible can fix when housing out runs incomes year over year. We need hard-core reforms, real-estate works so much differently in different countries. I'm just doing to call it out--there is widespread systemic corruption in the RE/FinTech markets.
    6
  15294. Ever heard of a 1031 exchange? If so do tell. I did a 1031 exchange with a duplex and bought a 4 plex in prime Huntington Beach. Not only did I not pay any capital gain taxes, I was able to depreciate the 4 plex for the next 30 years and paid virtually zero income taxes.
    6
  15295. can you talk about Modular or prefab homes ?
    6
  15296. In a perfect world, sure...but our brave congressmen, excuse me...people, sold us out, on both sides of the Ultimate Gravy Train, a looooong time ago. I never thought I would hope for a train wreck; but I believe that's what's it's gonnna take. "2008x10"
    6
  15297. I don’t always agree with your politics, but I love your videos. No need to change anything - keep up the good work!
    6
  15298. Michael, your sooooo chill in the "Africa hot" heat of South Florida. Heat advisory today in Tampa Bay for temps that feel like 107 degrees.
    6
  15299. Every time I try to invest in literally ANY stock, I lose money. The stock market is a terrible investment.
    6
  15300. 🎉🎉🎉🎉😮😮😮😮😮 I think that I may have mentioned this before…….. But it really upsets me to see expensive Cars 🚗 at apartment parking lots. Just doesn’t make sense to me. I have EVERYTHING I need and don’t remember the last thing I bought for myself. I’m working on paying off my credit cards and that’s the most important thing for me at this time. Thank you Michael for today’s video. Blessings my friend, Carlos ✝️🙏❤️😊❗️
    6
  15301. Needs to be Reversed: California can no longer detain people because they can't pay bail. The California Money Bail Reform Act was enacted to address the economic disparities in the criminal justice system by eliminating cash bail and establishing an alternative system based on risk assessment and the likelihood of a defendant returning to court.
    6
  15302. Hi Michael. We are currently vacationing in North Beach and just drove by this hotel yesterday. I noticed they were starting to demolish. Great story you provided on this hotel, especially with the Beatles staying there..wow! 🇨🇦❤️Really interesting! I hope someday it is in fact rebuilt as it was in days gone by.
    6
  15303. Just sold my home of 14 years in Fort Lauderdale . Insurance went from 3,700 a year to 9,000 2 years later with a new roof. Had to get out before the bubble bursts. Looking at overseas investment properties. Florida is way overpriced and insurances will keep increasing.
    6
  15304. My concern is the heat! Because I sweat 💦 a lot and it’s just so annoying. I wish I didn’t sweat a lot man.
    6
  15305. Michael, I'm in my late 50s and grew up in Miami all the way through college. Latin Americans (I'm talking about people not from Cuba or Nicaragua) have been coming to South Florida in large, affluent waves since at least the late 80s. The biggest reason for that is that it's close to their homelands and it's really the closest thing to Latin America that you can find in the USA.
    6
  15306. It’s the end of September in the Northeast and the beautiful cool breezes of autumn have just started. It is just wonderful. Two months of heat and humidity was more than I can handle. You could not give me a house in Florida.
    6
  15307. I too remember Layaway at Kmart! Zayre had it too. WT Grant, JB HUnter Richards and especially Woolco! I do not remember it as Sears or Jordan Marsh or Burdines though. Probably all the stores that had their own credit cards did not need layaway.
    6
  15308. I’ve been renting for several years. My rent has only gone up about 200 bucks since I moved in. My landlords have no idea I’ve promoted twice since then and I now make double what I was making before. Just waiting for the right moment to buy…but that’s definitely not right now
    6
  15309. Hope you guys are having a nice time in CA. ❤
    6
  15310. I've always wanted to live in South Beach/Miami Beach. It's such a beautiful, relaxing place to be. But after seeing the chaos these past few weeks, it's definitely scratched off my list. You can only wonder if this is how those tourists act in their own cities. No regard, no respect, not even for themselves - just plain disrespect all across the board. A firm set of rules and regulations need to be set so its residents, businesses and visitors are safe and can enjoy what the area has to offer in peace.
    6
  15311. 1st
    6
  15312. still crazy what happened there...
    6
  15313. My favorite oatmeal at Kroger just jumped 33%. I tried to tell the Kroger manager it should only be up 3.1% but he refused to change the price. What's wrong with him?!:face-orange-biting-nails::hand-orange-covering-eyes:
    6
  15314. Just imagine taxes, insurance, and maintenance for a house like that, ouch !!!
    6
  15315. Oh Honeymoon Island is so beautiful!
    6
  15316. In the new upside-down world, I'm planning on once I hit 65 that they will be making me pay more due to having it together. This way people who did nothing can have it easier.
    6
  15317.  @denisep.98  smart answer, living below your means will always save you 👍
    6
  15318. I had a lot of trouble finding jobs in our area. I ended up working in Afghanistan a total of 5 years. Still couldn't find a job so I worked 5 years in Korea and retired. I would suggest for younger people, plan B move home and reset yourself mentally and start your search again. Plan C join the military. There is work you need to think far and wide.
    6
  15319. Job layoffs coming!
    6
  15320. I think what we’re really learning is that we’ve had all these institutions and best practices in place that were never pricing in the costs of maintenance and/or risk properly for decades. Now we know all of these things with aging properties, infrastructure, AND climate change expectations…. Basically it’s likely that the price of all property is overvalued by a ton. The markets are eventually going to recalibrate to what it should be unless the gov steps in and bails everyone out, but honestly we’re due for a change
    6
  15321. What area are you thinking about moving too?
    6
  15322. We’re thinking of moving to the panhandle, probably the FWB area. Although I just read that it is the most hurricane-hit area of Florida.
    6
  15323. Finally someone reporting it how it is. If the fed pivots expect housing to be 🥵 again. (They already did the pivot with the bailouts) Ps buy gold and silver
    6
  15324. Nah wouldn't want government involved like that because they would go too far with it, if it's the LORD'S will they'll limit investors so that'll help with some housing issues. That sounds like a good idea you were talking about. 💝
    6
  15325. Hey Michael I’ve been watching your videos for a few months now and I’d be very interested to hear your thoughts on the latest video from ClearValue Tax. In the video he basically calls the real estate crash videos clickbait and provides some data to prove his point. Hoping you can talk about this. Thanks.
    6
  15326. Love that turquoise water in the pond!
    6
  15327. 1994 rent 1 bedroom apartment - carribbean isle apts in Kissimmee - $390.00 a month......
    6
  15328. You forgot about the giant flying cockroaches!
    6
  15329. im holding out in the basement, chained to the water boiler, MIAMI FOREVER !!!
    6
  15330. In Nevada, property taxes on a principal residence can't increase by more than 3%. Moreover, the assessed values decreased by about 33% during the big recession about 15 years ago, so my property taxes also decreased but never made it back to where it was because of the 3% cap.
    6
  15331. You seem to be like the only Real Estate Agent/ Youtuber who seems to care about your buyers and Americans in general. Maybe because you lived through the last market and you saw it play out and many might not have been around I m hoping this market corrects itself. Reset fully back to 2020 which even those prices were on a high Places that were already known to be expensive in FL are no crazy. I want to move to Boca. A house that used to cost 5-600k in Boca 2-3 years ago is now worth 8-900k Thank you for caring. As a a Floridian it prob hurts you to have this market cause it even becomes a problem for you to buy a nice house
    6
  15332. Michael, I appreciate your Chanel land your thoughts, thank you. You do I an excellent job. I have learned a lot from you❤
    6
  15333. I want to live a Margaritaville in Lauderdale !! lol !!! Spent a week there too. Loved it !!! @ days in a cabana and one at the beach..the rest day drinking !!lol !!
    6
  15334. Beautiful area
    6
  15335. One of the villians in the housing market is the building industry which raised prices on homes to huge levels blaming it on cost of wood. I'm not discounting our real-estate system which is as crooked as a dog with a broke leg. It is time for government to rein these guys in.
    6
  15336. Miami prices are like Bitcoin prices: they never make sense...
    6
  15337. Great info - every day
    6
  15338. Insurance companies might be scrambling to see if they can find clauses to get out of issuing money for damages...
    6
  15339. So during a hurricane when the storm surge is 15 feet or more it will flood all the homes and businesses !
    6
  15340. Noise is my number one concern as well. Noise pollution is the biggest problem plaguing the world right now. Life isn't even worth living if you can never find peace and quiet. It should be a basic human right and punishments should be severe for noisy people. Noisy people = trash.
    6
  15341. Here in Vegas, our home and auto is going up as well to make up for the insurance companies short falls. Everyone with a Hyundai and Kai are getting dumped.
    6
  15342. Tallahassee is a College town. If you're a party 🥳 animal you'll love it here.
    6
  15343. Okay Michael, respectfully, you think exclusivity is fair for a buyer's agent. How fair is that for a buyer who's looking for a home in a region? You were a Miami realtor. What if I'm looking for a place in Miami, Naples, or Sarasota? Can the buyer really expect the agent to be an expert in a situation like that in all of those areas?
    6
  15344. You would think that someone would develop a crypto token and put these properties up onto a "multiple listings service block chain"..
    6
  15345. Wire fraud is scary, I always ask if the title company will take a cashiers check, some will some won't. Short of that I ignore the email and drive down to the title company and get a hard copy of the instructions. Do not operate off of the email or electronic delivery.
    6
  15346. World human population has doubled in the last 50 years, from 4 billion to 8 billion. I think this is part of the problem.
    6
  15347. We are waiting as well in AZ, have some guy on Craigslist texting me crap he is getting in the middle of and trying to sell quick . Not a realtor🤔
    6
  15348. Many of the homeless people have been shipped over from different states, especially states that have very cold winters, they pay a one way bus ticket and dump them here in California. California should be suing those states for dumping homeless people here.
    6
  15349. I think the people that have deposits over the $250,000 FDIC limit should be insured, and the same people should be the ones paying for the extra insurance. Not a blanket charge to everyone. I agree NO CBDC
    6
  15350. I like the long drive through Florida, as I’ve mentioned before I’m from Florida and working hard to to get back home. just looking at these videos, showing classic Florida lifestyle, plants and trees really does reduce stress, when I’m working out at home I really enjoy watching them. I do like the long duration as well regarding video length.
    6
  15351. You didn’t mention that property taxes and mortgage interest are tax deductible.
    6
  15352. I have a friend I went to law school with 28 years ago that has never been able to pay her student loan off, and actually owes more on it now than she did 28 years ago. She is trying to get the student loan forgiveness too! People are trading one form of slavery for another. It really is tragic. I worked full-time through college and law school. I am debt-free. Unfortunately, the financial wizardry I used in the stock market to finance my law school education won't work today because of the out-of-control cost of everything. Not only is this a consumer-based economy, it is a debt-based one too. The chicken have come home to roost, crossed their legs, stuffing their mouths, and having a nice strong drink.
    6
  15353. Living in Florida for almost 27 years (13 years in Miami) I never had to evacuate my home(s). My advice is to have a hurricane CAT plan, stock up, and be ready. Watch the tropical weather models and reports weekly during hurricane season. I like to track the tropical models every day from June 1-Nov 30.
    6
  15354. I actually really dig your video style, a lot. When I was in Chicago and it was gloomy day after gloomy day , I'd look at palm trees and knew I'd go south one day. I like uncrowded beaches too. In Hollywood Beach it's very beautiful, but a pretty crowded beach unless you go early. I like to read on the beach(I'm a nerd) and having screaming nearby can ruin it. I like how you put your input in your videos, not gaudy music like some. I like all your content. Much respect when you said you didn't use women pics or shots on your content. Some just use women as click bare and their content is just ladies butts. Your content is good you don't need to do that. Awesome video much respect.
    6
  15355. Good video Michael 🇺🇸🇮🇹❤️
    6
  15356. That one property went from 2m in 2013 and is for sale for 17m today. Is this even realistic? Unbelievable.
    6
  15357. My suggestion for soon to be retirees is to continue to work at a job you enjoy but at a reduced level. We all need a purpose in life to feel satisfaction and happiness. Supplement your retirement income with a part-time job.
    6
  15358. my two favorite real estate guys , what a treat!
    6
  15359. Lifelong conservative Californian here. I have been looking into options to live in another state that matches the SoCal lifestyle without the far left policies. Florida seems to be a pretty good match but I would sorely miss going to the mountains every year for snow and it would be very hard to adjust to the very humid weather. Any thoughts from someone who has experience in both states?
    6
  15360. Thank you Michael, what part of Florida there’s more hurricanes and flooding? I would love to know. 😊
    6
  15361. Any buyer can get insurance quotes on a house they're considering buying before signing a contract. No surprises.
    6
  15362. The thing with home office is simple. Why pay an american six figures when you can hire for 5X less an estearn european or indian to do the same job? Remote jobs are not going away i think they just relocate to other second world countries.
    6
  15363. Maybe the multi-million dollar homeowners have triple glazed windows & can't hear all the neighbors ripping & re-doing their yards😂 Was that a cigarette boat that went by?
    6
  15364. Yeah 6 Trillion Dollars that was sent where ?
    6
  15365. I need to move back to Florida!
    6
  15366. First
    6
  15367.  @MichaelBordenaro  Yes. I feel the same way. It’s just reality that’s all. People will lose their homes and prices of homes will go down and eventually stabilize. What’s interesting is that prices are just now catching up to before the crash of 2009. But not for long. Hairy scary. Rents will probably go up as there will be lots of renters and homeless too. :( Also, FL might experience a huge homeless problem because of the weather being warm. Like Cali.
    6
  15368. I don't knock on anyone who has to live at home with their parents while they are trying to make it work. After I graduated I lived with my mother for 5 years while I was looking for work in Brazil. I didn't get complacent. I kept studying. Eventually I moved back to the US and got my employment situation on track. Being unemployed at home seeing your life go by while you make little progress is demoralizing. I don't wish that on anyone.
    6
  15369. I watch CNBC and they relentlessly pump that the economy is doing great! 🙃
    6
  15370. I think Longboat is more expensive to live at compared to Anna Maria. Also, you don’t have to dress up as much on Anna Maria than you do on Longboat. :)
    6
  15371. Thanks for your videos Michael. I really enjoy listening to them specially during my runs since I’m training for a marathon now (long runs). I have an investment property in St. Pete that I bought back in 2016. I had a little remorse when I bought it because I lived during 2008 real state crash in Tampa. However, now i am so glad I did. Regardless, thanks for all the information you give. It’s great how you dissect what is occurring in the housing market now.
    6
  15372. Thank you Michael. I enjoy your videos. I try to watch every day. I have always wanted to live in Florida but at almost 70 years old it looks like it will not happen. But I do visit at least 2 times every year to escape the cold snowy north. (Northern Indiana) Please keep them coming so I can enjoy your beautiful state . I also think the information you provide is great as well.
    6
  15373. In the DC suburbs Northern VA area, you can see panhandlers in most of the major intersections. I have noticed too many of them in recent years. The top 5 richest counties are in the DC suburb only. I don't know what's going on in this country nowadays. I bet things must be too bad in the other states.
    6
  15374. Very good advice here, Michael. It goes without saying that any business unless you put your heart and soul into it. It's either gonna succeed or fail.
    6
  15375. Working hard gets you nowhere, wages stay the same and inflation goes up . Just move out of the USA if you want financial freedom.
    6
  15376. There kicking the can down the road till after the election then kaboom
    6
  15377. Here we go now, more depressing news! 😂 Love it
    6
  15378. The government isn't running out of money. They still tax my paycheck every week. I assure you IRS offices won't be closing.
    6
  15379. The next chapter awaits... 🌈
    6
  15380. There’s planes everywhere…people are so eager to get away from the cold 😄
    6
  15381. I 100% appreciate your knowledge given to us by your passion, of course, it's up to us to make the responsible decisions. 🙏👍
    6
  15382. In 1985. My interest rate on my home was 14.7 percent..
    6
  15383. Richmond marina is nice..Richmond is sketch for sure.
    6
  15384. South Florida is a goldmine for my industry! Cant wait to bring Oklahoma principles to the high end customer base of S FL!
    6
  15385. Great channel Appreciate the insight and information
    6
  15386. Had a super wierd dream today. I dreamt that Michael was filming a video and he looks over to the other street to see his doppelganger also filming a video as well. I really need to lay of YouTube 😂
    6
  15387. 3 bags = 200 easy
    6
  15388. I believe gas-powered leaf blowers are actually illegal in South Florida. They are used everywhere in South Florida, however.
    6
  15389. Great topic! Glad you showed this, Michael! Surprised that Dixie County is the cheapest county in Florida, for property taxes, since it is just north of the Tampa area.
    6
  15390. Still insanely overpriced
    6
  15391. Good practical examples of buying and interest rates/prices. Very clearly done. Thanks. Beautiful neighborhood, too
    6
  15392. I own 4 homes in Florida with 3 oceanfront no mortgages. I want to sell all and retire if my wife will let me.
    6
  15393. 185,000 x 400,000 per home is a lot of money / property back on the table.
    6
  15394. Another good one Michael 🎉
    6
  15395. Perfect way to make people rely on the government...
    6
  15396. Grandparents! I keep them afloat😢
    6
  15397. I'm a beach bum. Always dreamed of living in Florida. But if it gets unaffordable I would consider moving down to south Alabama or south Georgia. Still want my space coast in Titusville or West Palm Beach.
    6
  15398. Looks like a fun place to be 👍
    6
  15399. Seriously, we live in the greatest state in the greatest country in the world. Thank you, Mike.
    6
  15400. Such a cool video 🤩 beutiful weather palm trees very clean roads brillant colors OH man i wish i live there 😪i live in algeria 🥲
    6
  15401. I worked the Towers event as a Special Agent in Miami. Bless the families of the tragedy. I was also wondering about how the property would be handled after enough time passed. I am also a permanent remote worker. I see the benefit of staying remote....it's too costly to maintain commercial office spaces and pay rent/utilities. The Fed has shifted their view and letting the commercial leases run out. My Condo does not permit owners to operate Air B&B units within.
    6
  15402. Hey Michael, I enjoy your videos but you've got something backwards here. A dip in rates would be caused by strong demand for the product not weak demand, all relative because we're talking about a dip from 7 to 6.3%, but demand for MBS must have improved to drive a dip from 7 to 6.3%. IMO this is just lenders stepping up and thinking, hey you know what, 7% is a good yield and I'm willing to write these loans. I have no disagreement with your central thesis but I think there are some misstatements regarding supply and demand in lending markets in this video.
    6
  15403. Thanks Michael. I'm stuck renting for life in California (Inland Empire/ $2750 2 bedroom nice area) . So many of us are over 100k p/y salary and still forced to rent. The average home around here is about 750k. The state government isn't getting any better either. I don't see myself being able to buy until a crash happens. My savings are good and steady because it will be my only way out of renting. It makes more sense to rent for most of us now.
    6
  15404. Ahh the special assessment!! One of the joys of condo ownership!!!
    6
  15405. Wow very nice place !
    6
  15406.  @MacGregorLassie  safer than the US by far for many reasons, mainly the cartel, they are not allowed nor do they want to mess with tourists because they love the money coming in. Medical is amazing, fast, straight to the point, and very inexpensive. cost of living...i pay 300$ a month for an amazing place with a great view, 10 min walk from the beach...1$ tacos 1$ beers, 2$ ubers, 50 cent bus ride....need i say more? of course the beauty and the people here, but that goes without saying
    6
  15407. Love your videos. I started watching your videos last summer and moved to St Petersburg last August. I love it here!!♥️♥️
    6
  15408. GREETINGS FROM THE SOUTHERN CALIFORNIA DESERT 🏜.MICHAEL.
    6
  15409. I drive tractor trailer over the road I work 70hrs 7 weeks straight. And I don’t blame younger generation because social security retirement is done we won’t see any of that
    6
  15410. I literally just saw the headline "Pixar Lays of 20% of its Employees", right before clicking on this video.
    6
  15411. Needs too Bottom out much more into the deep blue sea!
    6
  15412. And they want to get rid of remote work too and have people come in.
    6
  15413. Wind chill in Boston is minus 35. I'll trade ya for 85 degrees anytime!
    6
  15414. Hey! Just back from Frisco and I love In-N-Out, always go when I have one! I wish they were in Florida. Went last month to the one in Torrance near Hermosa Beach and for the exact order I paid above $8 when it was above $10 in Frisco and not eat In at Fisherman Wharf when you could eat In in restaurants downtown? Didn’t got it why? And on the way back I stopped to an Italian coffee house in Little Italy, got 2 bakeries without knowing the price and at the register the guy asked me for almost $14 I said what? How much are they? He said $6.95 each, I said no way? 😱 so I got only one of the 2! Enjoy the end of your trip!
    6
  15415. TY for the update on HD
    6
  15416. Good video! What do you think about Sarasota?
    6
  15417. You need to change your thoughts from asking, " When can I retire?" to "When can I stop working for someone else?" When you understand that using your labor to benefit yourself rather than someone else's benefit, then "retirement" will become a mute point.
    6
  15418. Great video Michael. Thank you.
    6
  15419. I have a spreadsheet by my desk. $1.2mill @ 3% = monthly payment of $5,062 (P&I, no escrow ) That same payment at 8.5% interest is $658k So there is no doubt prices need to drop by 50% for people to afford the house
    6
  15420. Is there any difference of a condo vs an apartment in terms of living in it and noise from neighbors? I don't really like being around ppl too much and don't like noise so that's my fear with living /buying a condo. But you brought up some good points in terms of financial savings and also maintenance work too. I didn't think abt that.
    6
  15421. California's weather is really nice year round☺ Everything including income tax is sooooooo expensive......buying a house? Worst area close to the 400 thousands....imposible
    6
  15422. I live in a 55 & older village, no kids no animals, I didn't want to here all the noise. BUT, I didn't know old people could be so rude, ignorant, scream ,yes scream if they don't get there own way & it is sad. they slam doors , I don't want to hear BUT THERE OLD, old people are sickening. I'm 71 I mind my own business & I am quiet & I have a life, my friends are not where I live. I dance 3 or 4 times a week, but we can't. because of this fake virus, I have neighbors there not my friends, that is nothing but trouble. old people are miserable. I'm going back to kids & dogs !! 🤣🤣
    6
  15423. About friends buying with friends, the attorney is correct about getting it in writing but that wouldn't solve the problem, either. In The Case of the Deadbeat Friend, it would likely be similar to you getting a judgement from a homeless dude who keyed your car. There's no money to be gotten, and you'd still be shit out of luck.
    6
  15424. This faithful follower wants to know about Rush Limbaugh's old Florida house. Do you have any news, stats? Thanks.
    6
  15425. The construction noises are going to be unbearable 🙉
    6
  15426. It's not worse than 2008. Its unfair to say that.
    6
  15427. Thats what happened to my brother and myself for Step-and Dads place on Cape Cod Insurance was 200$/month Property Taxes were 850$/month HOA fees were 1000$/month Utilities were a min of 450/month 2500/month just to keep the property We had to sell because neither my brother or myself or combined had enough to cover that
    6
  15428. Great show ❤
    6
  15429. I've been working remote for over 10 years. I'm not going back to the office.
    6
  15430. I never liked hi-rises. Mainly because of that gravity thing. Three stories is my limit.
    6
  15431. Nice Z28! Keep it as long as you can.
    6
  15432. Great content! I saw this as well and now I'm waiting around to snag an investment property when the prices get right
    6
  15433. Michael time to move out of Florida. Specially if you can get a great price for your property. Remember happiness is Florida in your rearview mirror haha
    6
  15434. I also did not know about Florida's Panhandle being in a different time zone. In August of 2018, when I moved from California to Florida, I stayed in an Airbnb in Panama City & was so surprised when I noticed that the Airbnb wall clock was on a different time when I arrived after a very long drive??? When I checked my cell phone & my laptop & the time matched the wall clock... I did a quick search on the Internet & yes, Surprise, Surprise, Surprise, Florida has 2 time zones!!! Personally, I think is not a good idea to have 2 different time zones in one State. I think the Panhandle of Florida should be on the same time zone as the rest of Florida... It just does not feel right... LOL!!! I could not imagine what it would be like living in the bordering towns of the time zones & just living your life, going to work, conducting business, doing errands, going to doctor's appointments & have to deal with the constant time changes of going back & forth between the 2 time zones.... Yikes!!!
    6
  15435. I live in Deltona, Florida. Halfway between Orlando and Daytona Beach. He told no lies... 🏖️♥️👌
    6
  15436. Our senior population is going to be hit the hardest with this recession/depression. I live in a retirement community at the age of 53 and I have been told that they are losing $200k in the last 6 months. There is no way to forecast how much is needed and this stock market and housing market are proof how wealth can just disappear.
    6
  15437. You can never go wrong with a Video from Michael! It's always a great choice for information and entertainment! Ps: Im happy that you could visit your parents and could have some qulaity time with them ❤
    6
  15438. you cant get a dump for 500k in south east florida and its really sad because you can see on zillow that they bought they home for under 100k 10-15 years ago...and salaries are pretty much the same.
    6
  15439. I haven’t had insurance on my home in 25 years.
    6
  15440. 😂 the honor system. I laughed with ya on that.
    6
  15441. You'd think the builder would try to preserve some of those nice trees rather than mowing them all down ...
    6
  15442. It’s crazy over there 😬 God bless Florida !🇺🇸❤️🇺🇸❤️🇺🇸❤️❤️🇺🇸
    6
  15443. need 70% drops and fast. until they do i will remain part time, no taxes.
    6
  15444. My house just went under contract today, just below asking price. I offered full 6% commission split. However, I'm also profiting $250,000. Don't step over dollars to save pennies.
    6
  15445. St Pete and Bradenton are beautiful. I would suggest doing a little more of a deep dive in every city, perhaps regarding schools, taxes, crime rates, hurricane vulnerability, etc
    6
  15446. Can you do a video recommending places in Florida good for raising a family? Affordable housing, low crime, good schools, and low cost of living?
    6
  15447. good info Michael -- glad you are okay
    6
  15448. As a claims adjuster (now retired), I would take the time to explain how a claim would be handled right up front, do not turn in small claims. Some people just don't listen.
    6
  15449. Houses are still selling well by us and they are getting asking price.
    6
  15450. Excellent insight as always. I agree, a lot of inventory is forthcoming, and people are waaaay underestimating the builders, who are known fpr building themselves into bankruptcy. BUT, at this exact moment I see inventory plateauing in some areas and I am sure it is the "savvy" sellers who see the 5-10% price cuts and have decided to "wait it out" until the sellers are back in charge. I think that History says that is a very bad idea.
    6
  15451. Good to know this. I wonder if the insurance companies will wait for renewal time to invrease it, or will it happen suddenly. 😮
    6
  15452. I feel so blessed having saved 6k this year and ate extremely healthy. Traveled nyc,Long Island, Jersey, AtL, Dc, and I can take 1 month off.
    6
  15453. Multiply and that's 400,000 evictions !!! Awful.
    6
  15454. I've been here for 15 years. The only good thing about the summer is the lack of students, the humidity and heat here will get to ya.
    6
  15455. First video i watch get me hook with your knowledge new subscriber here👍
    6
  15456. There are ways. I bought a triplex in Florida with my 401K and when I retired I bit the bullet and took a 100% distribution of it. I live in one unit and rent out the other two. It's just another day in paradise here.
    6
  15457. We are at about $2.85 in Gainesville! Food inflation is down, but if our Car Insurance renewal comes in jacked up next month, I might be unable to afford to keep the car I’ve had 2 years if I want to keep on a good footing.
    6
  15458. That guy walked past you outside in sunny FL with a mask on!
    6
  15459. I am waiting. I see the crash happing right now but reality is "AS YOU SEE IT" at the moment. People have went nuts in the last few months.
    6
  15460. Non insured motorist insurance should always be a yes, when getting auto insurance.
    6
  15461. Please tell us where these incentives are for rent. Because here in New England, that doesn’t hold true. IF you can find a rental that is available, we’re looking at $2500 a month starting rent.
    6
  15462. I felt the same way when I returned home from visiting Los Angeles. Seeing all the homeless there was a shocker. It made me feel so grateful at the end of the day. But sad for the condition of so many there🤍
    6
  15463. Well, for sure, this is one of your best presentations.....great work on a balanced view articulation.....now, Suspense......
    6
  15464. No way will I ever buy one now with rising climate temps buckling cement, roads! Melting cables!
    6
  15465. Awesome video Michael. I currently live in Orlando area, my kids love it because of Disney. I like your choices. I also like St. Pete Beach and Siesta Key Beach. Great options if you want the beach life, great school if you have kids, not the most affordable, but not California beach prices.
    6
  15466. I retired in ft Lauderdale from southeast Louisiana. My monthly expenses are 3k keep in mind my home is free and clear and I have no dept. Yes, it's expensive. North Florida is cheaper. My HOA fee alone is $455 per months.
    6
  15467. Thanks for this information, Michael. We appreciate the information you share with us all about this event.
    6
  15468. Hi Michael I hope you’re enjoying your trip. Kind of wondering where you get the mortgage information. We’ve actually added a bunch of loan programs and products to be able to offer anything and everything someone may want. I’m surprised to hear others are cutting products to save on costs.
    6
  15469. Any where in Florida will do💯
    6
  15470. central coast, moro bay ,peso Robles for wine , Big Sur Highway 1 ,pacific grove sand dunes , my fav is moss landing village , pajaro dunes ,capitola village harbor, Santa Cruz board walk .
    6
  15471. You are very correct. In The Villages, some homes sell within 1 to 2 weeks. Sometimes 1 to 2 days. While others wait for over 100 days. Buyers are willing to wait until the homes are priced right. The longer they wait, the more homes are coming on the market. The lower your home will be worth.
    6
  15472. Glad to see Venice Boardwalk nice and clean and no homeless! Kudos to Karen Bass and the Inside Safe Program lets see if its permanent housing for those homeless. Also do you know why all these big companies are forcing people back into the office? Commercial Debt is not good so they need to have people in the buildings to pay the bills!!!
    6
  15473. The statement that no one wants to sell is false. Im 44 yrs old. Everyone i know thats complaining about home prices are home owners who want to move. But they aren't specifically complaining about rates.. they are also complaining about home prices. But they are also excited about what Zillow claims their home is worth. Confused? Lol So are they. But basically.. it seems like they will sell when rates come down. As long as big investor's dont come in like they did before.. home prices will be flat through that.
    6
  15474. Good data and analysis. Keep reporting on those crazily priced houses, but please follow up with the final selling or rental price. The mainstream media keep telling us that Powell’s rate increases are the fastest in 40 years. Well, 40 years ago, we were beginning the era when tech and outsourcing caused the prices of goods to decline, keeping inflation low for many years. If the MSM were more honest or knowledgeable, they would establish 1950 or 1960 as the base year for this comparison.
    6
  15475. Nice advice ✌️
    6
  15476. Yes it’s always under construction. I never see Florida without anything being done to the roads!
    6
  15477. Another great video with important information! Thanks, Michael!
    6
  15478. If people are cancelling insurance, it makes sense the insurance companies are laying people off.
    6
  15479. I hope next year will be the right time for buyers. I am planning to buy a house in Boca Raton or Weston.
    6
  15480. I too am leaving California in January 2021 Michael. Moving to either Wyoming or Florida. I am a Veteran, Associates Degree in Automotive. And a Minimalist. Any advice Michael? Thanks
    6
  15481. Like that shirt Michael!
    6
  15482. You're right on the money bro. Better quality of life, living near the beach, great weather, and meeting other people excited to be in Miami. That's what I'm definitely looking forward to
    6
  15483. All this “doom and gloom” yet I see homes in my area flying off the shelves within 48hrs on the market here in Boise Idaho. If your home is under 400k and in a decent area and looks to be nice or renovated are under contract instantly. People have money. I’m not seeing anything here in Boise as you mention Michael.
    6
  15484. Great show today Michael…taxes, taxes, taxes 😖
    6
  15485. I disagree Bro... Rate Hikes don't add to "Affordability... Affordable means "Cheaper" in my book!!! Our Government LOVES inflation since it doubles a effect of "Dollar Devaluation" lowering their National Deficit for future elections AND slows down Home Affordability... Both Establishment Democrats AND Republicans get their money from Wall Street Corporations... So their just WORKING HARD against "We the People"... Maybe this sounds worst that reality but I've watched 70 years!!! Love the channel, just disagree on this one point!!! ;-)
    6
  15486. Windstorm and flood insurance ain't no joke! I'd much rather pay my HOA every month.
    6
  15487. Still sitting it out.
    6
  15488. I have a love hate with the tourists. They take up parking and cause long lines but my 2nd job is a tourist industry job paying $50 per tour I give so without them my income drops since most jobs in St Augustine are in the $10-15 per hour salary range
    6
  15489. Pembroke Pines prices are holding strong and someone is buying. Townhouses $550K. You figure.
    6
  15490. Haha. You did have quite a rant the other day.
    6
  15491. I totally agree. I see some changes here already.
    6
  15492. Everyday upload is nice surprise gift!! Thank you. Can you please make a video on how many people (in different states) who rent are canceling contracts or not renewing the contracts with landlords?
    6
  15493. These communities seem nicely designed, with an emphasis on easy access to most of what you want, and walking as a primary way to get around. (A total aside, but I'm kind of puzzled by a golf cart gas station. I thought those things were all electric since the 80's or even earlier?) This tour around the state is really interesting! Looking forward to the coming videos.
    6
  15494. I have preferred the west coast because I'm not into crowds. But from watching your video the east coast has a lot going for it.
    6
  15495. Hello Michael, thanks for the update and video!! I commented on one of your other videos about having problems obtaining rental units. The new housing crisis coming into play,I seen on news today many landlords are getting out of the rental business, many people facing a new hardship people seeking rentals will be required to have guarantors so as to not have problems with future tenants due to job loss.With the end to rent stabilized apartments here in New York many tenants face a 37% increase in rent in luxury rentals and general apartment units!! Thanks for the update, keep the videos coming..
    6
  15496. The world is upside down. Nothing makes sense.
    6
  15497. My wife and I love Caledesi. One of our favorite spots in Fl. We've stayed at the marina many times on our 19 foot Oday sailboat. When the last ferry leaves for the day the island is almost deserted. Great beach. Nice hikes. Interesting kayaking. Red tide is keeping us away right now. Hopefully they will get that under control again. FL really should take better care of its environment. Dumping polluted waste water into Tampa Bay made red tide much much worse.
    6
  15498. Michael, if they don't cut rates this year, I will be buying a house half price by end of this year instead of waiting till next year. I have been waiting to buy since 2021. I can easily wait till 2025. Don't matter to me. Zero FOMO bro.
    6
  15499. -$51k is what my friend who is a mortgage loan officer here in Az had to cut off his house since it has been on the market with no buyers in 3 weeks. He had paid $53k over asking price in 2021. Sales have slowed down to a point he has to downsize. These are the times
    6
  15500. I feel so bad for the girl that her rent increased by $700! That's insane! We just found out our rent increased by $300 (with option for month to month lease lower than even our current rate which is interesting). Now we are forced to rely on 2 incomes to survive since the increase in rent is HALF my total income whereas it was about 33-36% before. We have a german shepherd and a cat and are essentially trapped with no choice but to resign our lease due to biases against "vicious" and/or large dog breeds. Finding other rental options in our area is very limited because of our choice in pets...I had no idea how limiting having a GSD would be otherwise we would have waited 10 years to get our dream dog. The housing market is crazy and I hope other people are having better success than we are!
    6
  15501. You guys are in such a pretty neighborhood. Beautiful large yards.
    6
  15502. Remote working is now an excuse some people are using for people anxiety and social disorders for not going into the office. My son is one.
    6
  15503.  @MichaelBordenaro  Smoky Mountains for me, much more affordable and beautiful in the summer!
    6
  15504. Seriously?? The people that qualify for 'stimulus checks' are not going out and buying a home with that amount of money. And will not likely have enough saved for a down payment let alone the cash that the market is currently demanding.
    6
  15505. I really enjoyed this video Michael. Several of the things you mentioned would also be on my list especially the investing information. As for my list, from my soon to be 53 year old perspective let’s see. 1. I wish I had gotten a degree in just anything rather than thinking I had to know specifically which thing to get one in. If I had even a two year degree it would open many more doors that sometimes even experience won’t open for me due to employer requirements. That being said, I have been very fortunate for the most part when it comes to employment and income for someone with only a high school diploma. I think that’s much more difficult to do now than it was back in the 80’s and 90’s in you are in traditional occupations. 2. I wish I hadn’t gotten so comfortable so early on and that I had taken more chances work wise. I had a really great job that paid crazy good the environment was great so I stayed for 23 years. Then things changed literally overnight. Oh the places my career could have gone had I just chanced being uncomfortable more during that time. 3. I wish I had NEVER gotten on the credit card wagon. I’m still working on that at 52! But I am so much closer than I have ever been to paying everything off. 4. I wish I had traveled more both domestically and internationally during my 20’s and 30’s. I had planned to make up for lost time during my 50’s, but now the world has changed so much that I don’t think I will ever get the chance. 5. I wish I had thought to look at my parents and other “grown-ups” lives more when I was just out of high school. I should have paid more attention to how happy or not happy they were living the life they had created. Maybe I would have chosen a less traditional work path than the one I chose. Maybe I wouldn’t have bought into the get married, have kids, get a job and retire 50 years later mentality. Maybe I would have explored more and picked a lifestyle that would have given me more freedom or stability or something. 6. I really wish that I had NOT stopped running and taking better care of my health back in 2015. I have tried and tried to get back to that way of life and every dang time my body betrays me. LOL 7. I wish I had gone on and moved to Maui or Pensacola right out of high school rather than getting married right away. Would have been so much easier to do at that age than it was in my late 40’s with a plate loaded down with responsibilities. 8. I wish I had made more friends and enjoyed life more from age 20-44. I was married and working at that time. It was a very routine, solitary and boring existence now that I look back in it. Maybe what I mean is I should have been more selective in my choice of husband because at that young of an age you really don’t know who you are and you allow the other person to shape and influence you so much. You let go of who you could have become in a large way. All of that being said, I am very grateful for the choices I made and the life I’ve led. Would be awesome to have a redo with 53 years of experience to put behind the decisions, but I guess that’s all just part of it isn’t it. Who knows, if I had made all of the different decisions that I mentioned above my list might have ended up with wishes for the life that I actually have lived instead!
    6
  15506. Move to Ocala Florida. Not too big and not too small. Nice new single family homes , people are nice and good customer service.
    6
  15507. You know how we do it in Latino families, we have as much kids as possible to ensure one of them will take care of us in our old age, that’s our insurance policy! Lol!
    6
  15508. I can’t wait to Crush it in the real estate market when it crashes really low. I will buy as many houses as possible and I promise to be a great landlord again. Thank you Michael. , Carlos
    6
  15509. The sherif could deputize a contractor who does evictions for a fee.
    6
  15510. If I'm not allowed to paint my house a fluorescent magenta, then The Villages wouldn't be for me.
    6
  15511. DFW houses are still too expensive at 175 - 220 Sq feet. I went to look at a new home and it wasn't at par very basic low grade quality materials. The salaries are not in line with these prices even with builder incentives like receiving 5-10k towards closing costs doesn't assist much in the affordability factor.
    6
  15512. Things have not been good for a long time I'm thinking you'll have to go back to the 60s to get back to the good days
    6
  15513. Funny how you mention accidents.. I moved to Florida in June of 2020 and I have already been in 2 accidents that were not my fault. Gawd, these drivers suck. I dunno how many times I've seen people pull out in front of other people on a daily basis. My life is not worth being careless.
    6
  15514. I am in Ohio and we are building a new home. Ryan builders gave us 40koff the home and 5k towards closing.
    6
  15515. Wow. Pretty amazing. My mom immigrated in 1994 on a raft, and my father in 1989 on a raft as well. My mom still has this blue little bible she carried with her on that trip... the pages are stuck together due to the water damage.
    6
  15516. Once more, you have gotten some great guests! These two not only seem to have lots of knowledge of construction, but they are very good at presenting it in an understandable way. Would look forward to a part 2!
    6
  15517. Great video! Definitely enjoyed it and dashcam looks great
    6
  15518. I really like the hedge fences there. I am glad I don't have to trim them. 😅
    6
  15519. So I’d like to share my thoughts having lived in both. Everything you said is true Michael. In addition, during the buying process of buying a condo I had to submit bank statements ( none of your buh is much money I have) and then had to humor them with an in person interview which was really for my benefit to ask them any questions I may have. Then there’s the ubiquitous Condo Carrie ... nosy, rule quoter, minding everyone’s business but her own (oh yes she’s for real 😦). In a condo when the Board passes an assessment, you’re handed the bill and you’re expected to pay it. Period. That said, condos are great if you want to put the key in the door and not have to worry about anything outside of your four inner walls. Someone else shoulders the burden of making sure everything is running smoothly and that maintenance issues are dealt with in a timely manner. The Board can either make living there a pleasure and a breeze or they can make living there a living nightmare/hell. A good quality realtor knows which buildings are well run and which are not. PAY ATTENTION TO THEIR ADVICE! For me and how I’m wired, I’ll take a single family home. I don’t relish others telling me what I can and cannot do. And Condo Carrie and I would definitely have words that she isn’t going to like after she works my nerves 😬
    6
  15520. Enjoyed this content and tips. Thank you very much Mike!
    6
  15521. Why don't they take out a personal loan because they already tapped that out.
    6
  15522. One thing I have learned over the last 50 years is people will always make money dealing in gold and silver. Gold and silver are not investments.
    6
  15523. It might be "more affordable" here on the gulf coast compared to Miami, but it is in NO WAY "affordable". Property prices have DOUBLED or even TRIPLED in the past 3 years. RIDICULOUS!!
    6
  15524. Disney World is constantly fighting their property taxes declaring that their hotels are over appraised. Keep in mind Disney is charging $2,000 to $6,000 for a room at the Grand Floridian and at the new Star Wars hotel at Hollywood Studios
    6
  15525. What happens in the event of a power grid shut down? Lot's of luck driving anywhere!
    6
  15526. I enjoy seeing the beautiful scenery of a place I cannot go in person, Michael. And I appreciate your down-to-earth information and explanations! I like the frequency of your videos, too!
    6
  15527. I work with RE investment companies. I was told by one Friday (Dallas) that this was never going to end. This is my second RE crash with my business. First was in Riverside CA. Again they said we would never crash. Ooops!
    6
  15528. This is off subject but when you where talking about cost of building a house, my thoughts are all those people homeless because their homes where destroyed in the recent tornadoes in Kentucky, Tennessee and Illinois. It's just heartbreaking!
    6
  15529. I lost everything in the May2013 tornado in Moore Oklahoma. My heart feels for those people. Hoping to find a way to give back.
    6
  15530. Me too
    6
  15531. I'd be questioning the IMF as a guiding global financial institution too. Toothless tiger.
    6
  15532. In my area heating oil daily price is up $1/gal in the past several days. currently at about $5. This is going to be painful
    6
  15533. home prices staying the same for five years, or staying below inflation for five years, is indeed, a 25% decrease........ and that folks, is the likely outcome......
    6
  15534. Totally agree with u. My parents bought their home in Orange County California for 155k in the late 90’s and sold it 2 months ago for 1.3million. They moved to Las Vegas and bought 2 multi family units and a 3 bedroom house.
    6
  15535. if millinonaires retire, who will buy those tiny, ugly old houses in Miami for tens of millions of dollars? lol
    6
  15536. 2:53 “old, rich baby boomers” voting for “old, rich baby boomers” all living [maybe shortly] happy ever after at the financial expense of current AND future generations… As some say: we should consider the “generational war” alongside ALL the other wars…when talking about DEBT and DEFICITS… Not saying here that the current/younger generations are “better” by any means…just saying how MANY Baby Boomers have financially benefited from the money policies of the last 20-30 years…
    6
  15537. 18:00 This is key! Only 1 million houses are for sale right now putting downward pressure. 99 million not for sale. What happens if in next few months standing inventory goes to 2 million. 5 months supply! Highest in a decade. Answer: prices will crater.
    6
  15538. Shoplifting under $900 a week, almost $4000 a month, no jail times, only slap on the wrist if get caught. The government encourages this onto the society… will be happy even if own nothing per WEF
    6
  15539. Actual inflation number went up, the CPI number went down.
    6
  15540. Look out for falling iguanas!
    6
  15541. Condos only make sense when they cost $125k.
    6
  15542. Michael,I am 56 years old. I plan on getting married and having a large family, I am also clinically insane 😀🤡😁👍😷🙉🙊🙈, plus I want to get one of those 50 year mortgages.☠️
    6
  15543. Get Nick out of the studio more...he's less of a mad man 🤣 13:58 BRILLIANT POINT NICK! The insurance Co know the weather weapon attack on FL is imminent
    6
  15544. Michael Bordenaro 2024! Mandatory tank top/sunglasses outfit every Saturday.
    6
  15545. Check out Ormond By The Sea. Same style/type of homes, same neighborhood feel, still close to the beach, but less busy. It’s more of a small town feel if you’re interested in the small town life
    6
  15546. Yeah. Better to use the shutters. Never doubt mother nature.
    6
  15547. Very nice and peaceful place! But I hope there's a bit of action going on also!
    6
  15548. With the music it’s awesome and a short video of the street, to the point. You shoot very good it’s like professional cinematography now almost . It’s weird to see Christmas lights on palm trees but eh.. Great videos Michael and happy holidays!
    6
  15549. Glad your doing a reality check for many. Important. Listening to you every other day reminds me how much I don't like this business. Greed all around.
    6
  15550. Yes, thank you, please keep making videos like this. Please dont move to florida. Low paying jobs, high rent, really bad drivers who do not know traffic laws especially in central florida, lowest unemployment benefits in the nation and ladies, listen up!! Bad hair days all year long. Oh and no seasons, only the stench of rotten eggs in the air mainly in central florida.
    6
  15551. We have our new house in Florida, but need to finish up things in California before we can move. We are coming back to FL in a week & my body is so happy! Born in Boston, now the SF Bay Area is too cold for me! One thing I noticed in Florida is that older people seem really healthy. Where we are moving we see people who must be in their 80s biking, walking, swimming, dancing (one I saw was in an orthopedic boot). Instead of the tired senior citizens I expected, I see ageless, thriving humans.
    6
  15552. If you want a different topic to cover on occasion, you could go into concert prices, and the agencies involved like Ticket Master. Taking my kids to their first concert this year (Journey, Def Leppard, Heart). Granted the show is a 50th anniversary at Fenway Park in Boston, but after all was said and done, the tickets were nearly $600 each for the 4 of us, not even floor seats. Before anyone jumps on me: we had enough savings to cover the cost, it's my kids first concert, these bands are near the end of their careers, kids know these bands' catalogs inside and out, and my wife and I haven't been to a show since Metallica in 2009. Gotta actually live life now and the, but the final price floored me.
    6
  15553. I guess you haven’t been to palm beach gardens or Jupiter come and see
    6
  15554. Affordability depends on your income so you adjust your purchases according to your income and if you make that assessment wrong you will lose the things you're trying to purchase
    6
  15555. “Time for them to pull their self up by their boot straps!!”….I guess all the free money isn’t free after all!!😌😌😌😁
    6
  15556. Hey Cheryl 🤗 I like visiting, I think is very peaceful, love to go for walks at the parks… We are having a great time and enjoying some family time.❤️ I love how it gets nice and cool at night this time of the year and we could have a fire going outside and just chill. I wouldn’t want to live here though 😄 it gets way too cold in the winter and the beaches are not my type of beaches plus you have to pay to get in 🙃 Thanks for your support!!🙏😘
    6
  15557. Absolutely devastating! Prayers to all in that building, and nearby. So thankful that you and Lisi are both safe!
    6
  15558. SELL YOUR CURRENT HOME NOW,RENT FOR A YEAR ,YOU WILL BE IN A BIDEN BUYERS MARKET !!!!!
    6
  15559. I have a friend here in Clearwater, FL. He's a chiropractor. He got a gig inspecting condos during the weekends and he's thrilled. He's making a fortune.
    6
  15560. And just so you know Michael, the service and info you provide is invaluable, and really changes people's lives because making a move to another state is a major life decision. Even if someone decides Florida isn't for them once there at least they won't have to spend the rest of their life regretting not taking the chance, or worse not going at all and always wondering "what if".
    6
  15561. By spring time we should see the effects of lay offs. No cheap money out there.there was a report on how many people are behind on there property taxes. The amount was pretty alarming.
    6
  15562. This looks like a fun place to visit. Thank you for sharing. ❤️
    6
  15563. im from spain and im looking for florida its so similar and i think ill go Florida instead of Illinois (Chicago)
    6
  15564. Rancho PV is a beautiful city on the Palos Verdes peninsula that, unfortunately, is sliding into the ocean. People have been shoring up homes for decades. Google the latest news on the evacuated homes in the Rolling Hills Estates neighborhood - 12 sinking homes 17 evacuated in July 2023.
    6
  15565. The City of San Francisco is in ruins because the residents continue to vote for Progressive Politicians. You did the right thing not staying there.
    6
  15566. The Feds did an about face on transitory so I wouldn’t be surprised if the change again 🤷🏽‍♂️
    6
  15567. I haven't heard much discussion of how much new build inventory will be coming on the market in the next 1 to 2 years. Since most existing homes are locked in at low mortgage rates, their owners are unlikely to sell and move since they'll be hit with a high mortgage rate, so it seems the only hope of a large amount of inventory becoming available is from new home construction. And I'm worried that's going to stop since the builders know they can't get the over-inflated prices that they've gotten the last 2 years. They may decide to not build at all, because more inventory works against them, by reducing the value of what they're building.
    6
  15568. To buy at the court house steps, figuratively speaking of course, better have lots of assumptions for repairs in your bid. Also best be aware if the foreclosing property is a second position holder or other liens. Back to 06 or early 07, early foreclosures sold at very high prices. Falling knife just like buying at open market too early in the downturn. Yes, concrete in toilets and sinks occurred as well as removed appliances, stolen condensers, well pumps, removed granite tops, boxing matches with drywall, and other sabotages were common and repairs can be xexpensive. Be careful
    6
  15569. They live well beyond their means. You dont need as much as you think , lets get real. If you are retiring and have a house , your ahead of the game. Your best later years are between 60 and 75 . Live a little , life is short . so its my opinion , thats all.
    6
  15570. People used to raise their kids on biblical principles which taught 1,000's of years of wisdom and sound life principles. This is being attacked and destroyed by dark forces in our society. 😢
    6
  15571. Not spending amounts is not "saving" money - it's simply not spending it. Carry on!
    6
  15572. lived in Miami for 25 years i came to the realization that inequality is the word that rappresanting the area the most
    6
  15573. Wow! I've never seen Haulover Inlet that calm.
    6
  15574. Michael, I'm on your side. But what are we going to do with all the evicted people? here in St. Pete the homelessness is already getting out of control....
    6
  15575. The creepy crawlies I cannot handle and I have never seen a snake in real life but if I did I'd probably faint. LOL
    6
  15576. Totally in agreement. This will be a huge HEALTH BOOST to the market. Prices will stabilizes, and will give an incentive for people will have to put money on the side.
    6
  15577. I don’t think housing is going to go down anytime soon in my area so I’m just gonna buy another house and pay extra well keeping my existing home which will pay for half of my mortgage for my new house
    6
  15578. Great video. St Augustine is my number one choice also. I was there with the family last year and we agreed to move there in two years after transitioning from the military.
    6
  15579. IN the 70's "scientists" said we were going into an ice age.
    6
  15580. As a RE agent, you're a 1099 independent contractor. You'll have to pay 12.4% social security tax and 2.9% medicare tax on your gross earnings. That's double the rate of a W2 employee. On the other hand, the typical RE agent likely has a lot of business expenses, greatly reducing his federal income tax bill.
    6
  15581. According to bidenomics we are doing just fine 😂😂
    6
  15582. Dude I could totally see you in Hollywood. Sorry it didn’t work out for you.
    6
  15583. Highway 1 takes twice as long as highway 5 traveling from Los Angeles to San Francisco. Parts of it have magnificent views like Malibu, Santa Barbara and San Luis Obispo or the Monterey area but much of it is the same as A1A like you’re describing for Florida
    6
  15584. Meanwhile in Wisconsin we hit a high of -2 degrees today. Hahaha
    6
  15585. Thank you Sir for another very informative video today. You always have the BEST thoughts and information regarding real estate. BTW , Lizzy looks beautiful and a perfect time for a cute Sundress 😊. Wish I could come down and visit you but I hate the I-405 🫨. And love your crystal ball 🔮. Blessings and Tons of love and respect, Carlos ✝️🙏❤️😊🇺🇸
    6
  15586. I bought in 2009 . Glad I was in a position to do so .. I sold a home in 2005 at peak good move .. moved into my rental unit.
    6
  15587. If you can’t afford future potential assessments then you can’t live there. Condo Boards and unit owners don’t want assessments. But imagine not brushing your teeth and going to the dentist after 40 years. Common charges only cover operating expensives. Bare minimum- staff, water bill, genaeral basic repairs.
    6
  15588. The other guys are wrong so wrong. 🤙
    6
  15589. Oldest Gen z is 25. Did many of those early 20's kids have $$ to buy property?
    6
  15590. I love the expression......Act your Wage!! Right now I'm making Zero Wages!!
    6
  15591. You can always still do Real Estate and YouTube at another location until your YouTube takes off. Only thing Lizzie will have to build up her business again.
    6
  15592. Never HOA!!! They act like a gov!
    6
  15593. Great video, as usual. :)
    6
  15594. One word, Michael. Unemployment. As long as that is low, inventory will remain low. It was not long ago i saw a sign on the door of a Chipotle saying only food delivery services or drive-thru customers due to staff shortages. Once you see lines out the door for employment at these places, you'll know house prices will crash.
    6
  15595. Enjoy the content and videos…Envy you living in such a beautiful place….
    6
  15596. For the algorithm.
    6
  15597. I owned a place in the city, then decided to move. So, I left and rented it out. Eventually, I was able to buy a house in my new locale - and the old place still more than pays for itself every month. I doubt I'll move again, but I may buy a rental that I use as an occasional vacation spot - I'm not sure, giving it some thought. My lesson: take what the market gives you when you're ready, don't force it. Build your assets over time.
    6
  15598. I typically stay in hotels, but on an island like this, I would thoroughly enjoy staying in one of these little quiet beach houses.
    6
  15599. I can't speak for everyone. I have thought some times of moving to Florida, mainly because it reminds me of Southern California, i.e Orange County and San Diego.. I have never visited Florida or been to, but I will def love to visit to see if I like it and to have a better opinion.
    6
  15600. Groceries are up more like 50%??????????????????????? Eggs are going back up?
    6
  15601. Great info Michael as always. I was wondering how the condo market was doing.
    6
  15602. I have accounts in 3 banks. One is a too big to fail but the other two are privately held. One is a very conservative bank the caters mostly to the military. The other bank mostly loans out to the truckers. I feel ok leaving my cash where it is. I may get some more gold if it pulls back over the next couple weeks
    6
  15603. China has bought a lot of farm land in those wide open states Idaho, Iowa, Montana.
    6
  15604. This is so coincidental that I who watches your informational videos and also plays the guitar was thinking the other day to post on your YouTube channel to slip in a little info on your guitars n equipment! Bam 💥! Sweet brother! Nice axe 🎸 selection & great tones
    6
  15605. Now you know why Wife & I chose St Augustine for our new home! Reach out if we can meet up for a drink! Salt Life in St Augustine Beach!
    6
  15606. Another factor is Air Quality. Southern Ca. (Esp. the LA Basin) is plagued with smog in the summer months...In Northern Ca. the air quality is excellent near the Bay & Ocean. Unless there are wildfires smoking up the atmosphere. (Just in the last few years)...The westerly breezes we enjoy in Northern Ca. keep our air quality pretty good.
    6
  15607. YESSSSSSSS!!!! You two are AWESOME together on todays show!!! 🤘
    6
  15608. I believe we will limp through 2024 but 2025 is going to be a total shit show
    6
  15609. I’m confused, people are willing to lose their job and would rather move than go back to the actual office? They got habituated to remote working?
    6
  15610. Houses are way over valued. I would never waste my money on this market!
    6
  15611. Yeah, gas is $4.69 a gallon in Phoenix Arizona it's crazy
    6
  15612. But where will they go? I think the interest rates will be too high, along with high prices, so it makes no sense to move
    6
  15613. Just left Florida for a smaller state, a bigger home, and land. It's hot and hotter in Florida, we were always under a "hurricane warning" or flood warning, etc. Electricity always went out because of the weather. I will say Florida is GREAT if all you care about is hanging out at the beach. It's also a great place to live if you've got a lot of money, you can buy into whatever neighborhood/city you want, and if you're just really tired of freezing cold temperatures. But like Michael said, be ready for heavy traffic, high insurance, awful humidity about 8 months out of the year, and rain, rain, rain, hurricanes, hurricanes, hurricanes. Otherwise, enjoy!
    6
  15614. Plus some charging stations charge as much as 58 cents per kilowatt hr. Which is more than gasoline
    6
  15615. Michael towards the end of the video you mentioned the stimulus money the 6 states are giving to the people. I can’t speak for 5 of them, but I assure you Georgia is a tax refund built into the budget. This is excessive tax collected / budget surplus that is going back to the taxpayer and home owners. They also took all state taxes off of gasoline and diesel due to the cost of fuel. Georgia is good to give it back to the people instead of blowing it on bs like some other states do.
    6
  15616. Hi thank you for your great videos!! I am planning to move back to Florida soon and am having a hard time with knowing how I’m going to be able to get a job before moving. I am 20 years old and have 4 years of hospitality and management experience. But don’t know how to get a company to hire me before I’ve even moved. Any advice here?
    6
  15617. The “Spanish” speaking pollutions of Miami and LA are different. I’m just going to say that I’d rather live among the Spanish speakers of Miami than the Spanish speakers of LA.
    6
  15618. If it's all planned out, you'd be surprised how much you can get done on a one night stay.
    6
  15619. I like that this man don’t cuss and tells a wealth of info
    6
  15620. If you enjoy fishing, there isn't a coastal state in the lower 48 that can compare to the quality of fishing that Florida offers. As far as beaches go, I much prefer the Atlantic coast over the Gulf coast. I currently live in San Diego, although I lived in Miami for over 35 years, and I know Florida inside out, including the Everglades, being that I drove an airboat.😊✌
    6
  15621. Time for intermittent fasting!
    6
  15622. Here in fl..on the west coast near tampa..I'm seeing lots of homes for sale..hmm..folks still asking high dollars amount. For there homes..over priced..not like 2 yrs ago..where homes are snapped up. Over bidding ..I hope things level out soon lots of folks homeless. Due to being priced out of rentals..food is still going up, still gas out here dropping slowly..ok I own around 80 rental homes since I've been doing this over 10 yrs..I ask now for security, 1st mo and last mouths up front the day I drew up the lease. If u don't have it.. your not renting..its sad that these younger folks have to come up with thousands to move in..but. I've been burned in past so as I see things if u have cash in hand ..and no eviction record ..il chance it...fl is tough place with lower wage jobs..to rent..I try to rent to mid age folks who got it together.. your right on wages 28.00 per hour ..
    6
  15623. Keep up tha great work Michael! Always keeping it real!💯
    6
  15624. This is the beginning of the crash . It starts here.. and it will be a slow freight train till the big dip comes.
    6
  15625. I've seen Scorpions 🦂 before a few of the times I've been to Florida.
    6
  15626. Michael, nice job!
    6
  15627. Thanks Michael! I appreciate and enjoy your videos 😊
    6
  15628. Wow ... 6% and rising ...(this makes me ill when you see the graphs) I feel for those trying to buy a house now BUT, you provide solid knowledge. Funny ... I was wonderin' if you were gonna be doin' your show "in the rain" ... Interviewing your special guest was GREAT!
    6
  15629. Good one today Michael thanks. I agree with you and people should hold out. If people really need to move they should cash out since they will never get that price again. Interest rates are only getting higher but are still low. Myfirst house was 6.5% !
    6
  15630. I watch your channel. Thanks!
    6
  15631. The new cam is great! Resolution is just as good, if not better than the iPhone! Thanks
    6
  15632. Michael, Great " real-tme" Intel on the FL. R/E Market.....Thank you....
    6
  15633. "I am not a seasoned nor accredited economist". That is exactly why you are credible, like the saying goes "economist exist to make astrologists look accurate"
    6
  15634. Hopefully, when the market crashes (because it will) the government won't bail out all the greedy, keeping up with the Jones homeowners, who decided to splurge in properties that couldn't afford.
    6
  15635. THANKS FOR THE GREAT CONTENT MICHAEL 👍
    6
  15636. Also make sure to stop by Folsom, CA
    6
  15637. You’re a good guy Michael Keep up the good work 🤙
    6
  15638. Also,if you are out of state owner , you pay higher tax rate.
    6
  15639. I've got friends in a new subdivision here in Ontario. They were telling me about two separate homes in the subdivision were rented out to tenants a couple of years ago when they were brand new. Both homes were "trashed" and the renters lived there for almost 18 months before being evicted. One house had close to $50,000 in damages and repairs, including a totalled kitchen and all the carpeting needing to be replaced.
    6
  15640. Great channel….bring on the news whatever it may be.
    6
  15641. Can’t wait to see the road trip content brother 💯💪
    6
  15642. It's feeling very third world country-ish on so many levels...
    6
  15643. THOUGHTS and P🙏A🙏E🙏S!!! Anyone know why it collapsed?
    6
  15644. Dear Michael; It was such a beautiful video with your dad. He gave you such great advice. Your father gave you the wings to fly and you are doing a great job. We retired to Florida seventeen years ago and it was the best move we ever made. Love your videos.
    6
  15645. The housing market has gone from bad to good lol Overpriced crap, and hopefully, it gives people a chance for a family to get ownership.
    6
  15646. I got my eye on an assumable mortgage right now. Of course the house unaffordable right now. Plus they just bought the house in 2021 so I'm thinking the are distressed and haven't paid down enough for me to assume.
    6
  15647. Manufactured homes are way over priced as well. They used to be affordable but not anymore.
    6
  15648. I prefer hotels because if theres a problem theres always someone available to address the issue.
    6
  15649. When loan holders can't produce original documents, they have a real problem.
    6
  15650. I've had florida on my mind for a while now. I'm planning on moving to tampa area next summer of 2021. I've been doing alot of research about facts and just random info, and you are by far the best info I have found! Thanks for the great content and encouragement to make the move a reality!
    6
  15651. "Limited supply" or intentional hoarding. When you see how many vacant homes are in America. Next natural question is why tf is there that many "vacant" homes? What are they doing with millions of homes just sitting there? Who owns this many homes and doesn't need to sell, rent or vacation in them? To clarify I was an insurance agent for usaa, vacant is not rented, used as air bnb ect. Vacant is no one I ls there at all. Sooo there is either millions and millions of cases of insurance fraud orrrr .........
    6
  15652. You were my inspiration to start my new Vlog, called RobertsVlog based in Las Vegas. Thanks for keeping it real.
    6
  15653. My condo HOA dues was only $55 a month back in 1984, today it's $251. Does that mean our complex has gotten much better?? HELL NO!! Back then you had someone from the management office answer the phone & dealt with any problems. Today it's all voice mail & your lucky if they call you back. We have more advancements in technology with emails & text you would think that the communication would also improve, dream on!! 🙄
    6
  15654. If one wants in the stock market, now with market value depressed is the time to buy . The market will return if one buys low it's a wonderful earnings opportunity
    6
  15655. As a 30 year old midwesterner who has traveled a lot but not Florida… this really helped solidify that I want to move to Florida. I work in the medical field, so finding a job should be easy. Thank you!
    6
  15656. Jack sounds like the guy on that movie wolf of Wall Street.
    6
  15657. The restaurant prices have definitely gotten higher these days! Makes no sense to eat out, when you get less and are charged more! Glad I don’t need to buy or sell a house at the moment, but I feel for those who do.
    6
  15658. Another amazing video and as always, honest and straight to the point! I really really enjoy your videos. Thank you
    6
  15659. I live in California. My landlord friends will only rent to people with FICO scores of 720 or higher.
    6
  15660. I like the real estate specs you do on the homes you see on your walks. Keep doing it!
    6
  15661. It's taken the bankers and politicians almost a 100 years to get us to this point. Where does it go from here?
    6
  15662. Omg yay!! My favorite video form u ! 😁😁 I get so happy when I see you post a walking tour. It’s cold af here in Nyc and I’m living for these videos. I’m deff gonna buy a house in Florida one day 😍😍😍😍
    6
  15663. Happy 5 Years, Michael! August 8th is my anniversary too. It's also my husband and daughters birthday. I remember my doctor looking at my husband going wow you lucked out having everything on your birthday LOL.
    6
  15664. Do one at Madrona Marsh down the road in Torrance. It's not too long a walk (it's a marsh in the middle of the city), but you can do some content talking about our little marshland compared to home! 😃If you go on a Tuesday, Wilson Park is down the street and has a farmer's market where you can get a good meal for lunch. 👍Done deal
    6
  15665. when things started running up a few months ago, I said if we don't see 8% by this halloween, we'll probably be seeing at least 15-16% by next halloween.
    6
  15666. What do you think about ally bank ?
    6
  15667. Thanks again Michael for sharing another excellent review, looking forward to the boat trip. Best Regards to both of you from Scotland
    6
  15668. I always go for 3 months in october -dec. stay in a super flat, pay for the 3 months 6000 usd and all included...and in Collins AVE...jajja
    6
  15669. The BEST DOOM AND GLOOMER on YT from Florida.
    6
  15670. We are living in The Twilight Zone🤪😜
    6
  15671. When looking for a job, NO just means, NOT NOW. Job search is similar to sales. It is a numbers game. I applied for over 1,600 jobs once before I found one (and that's with an advanced degree). It was a good one too!!
    6
  15672. In other words Michael, There is no such thing as a free lunch!
    6
  15673. This is very informative Michael. Thanks for the channel! 👍
    6
  15674. I feel they'll keep a shadow inventory and release them on the market slowly.
    6
  15675. Thank you for these videos! Moving from Chicagoland to FL. So helpful!
    6
  15676. Awesome video as always. At this rate I feel that people will be moving to Florida even despite the heat or isolation. Simply for the reason of actual freedom and lack of mask mandates. I am from a totally locked down state and there's really no end in sight. They're speaking of 2022 finally being the normal year, MAYBE. Going into a store without wearing a mask? Not even on the table.
    6
  15677. This is one of your greatest videos. Great job, Michael!
    6
  15678. As a seller, I SURE don't want to have to pay 3% to the person who is actively working against me in a deal. They are trying to get me to pay more of the buyer's costs, and sell for less money, & they are trying to find more wrong with the house & to nickel & dime me for every dang thing while playing chicken over who's going to bail on the deal first, & for this I have to PAY someone 3%??? N. F. W. But, if I say I will only pay the buyer's agent 2% they won't show the place, & I've lived in places that had "private" MLSs & my house was actively blacklisted because I wanted to use a broker from outside the "Club." What a racket. Meanwhile, agents are already paid twice as much for a house that costs twice as much but takes no more work to sell?? Last time I sold I paid a flat-rate broker and paid a point for a transaction coordinator & still ended up paying a little over 4% out the door, & it was EASY.
    6
  15679. I'll be turning twenty in five days so this video is perfect for me. I see a lot of similarities between you in your twenty's and me now. Hopefully I can follow through with your advice and make the best out of this decade in my life. I guess I'll talk about where I'm at now. I have lived in Ohio my whole life, got about 15k saved, will be taking a two week road trip around Florida with my father in April or May and moving to the Tampa Bay area around June hopefully. Never been to Florida but I like it hot and hate cold weather and love everything I see in videos and pictures. So beautiful and so many things to do. Just learning to drive now and I'm having an old car lended to me as a gift so I got room for error when it comes to finances. I don't blame you for taking so many trips to the beach in your 20s. It was something I'm sure you looked forward to doing for a long time when you were in Illinois and I'm sure it felt rewarding each time you went for a long time. Still does I'm sure. It's good to have career goals but I guess the satisfaction of going to the beach and doing other fun stuff in Florida is worth delaying whatever other goals you have. That's how it seems like it'll be for me but who knows. We are all different. I do wish I was more established on social media by this point but I have done quite a bit in my teens (which are coming to a close this week). Especially with the account I'm using to comment right now. What I really need to work on is time management and slacking. I want to read more and follow through with my schedule I make for myself daily but I'm a slave to YouTube lol. I hope I spend less time watching videos on YouTube in my 20s. Or at least only watch what I intend to do when hoping on. Finally, I need to work on being content the most. It's important to work hard and have goals and not just go through life wandering what's next but it's important to be happy and satisfied with where your currently at. It's way more peaceful mentally that way. Which is hard to do when your still walking to work in cold fricken Ohio like me lol but I seriously think this year will be by far my most important yet. By the end of this year, I'll be driving and living 800+ miles away from most my family in Florida and doing so much more on my own and paying bills and get groceries and everything else you gotta do. Most people my age are scared as hell when it comes to learning to drive, moving out, paying bills, doing adult things on your own. But I'm soooooooo ready for change. What would scare me waaaay more is continuing to live the life I'm living now. Stuck at home in Ohio with no car and rotting in my room on YouTube outside of working and church each day. Which would be awful if I was still doing by the end of this year. Anyways, that was a lot lol my apologies but I've learned a lot about Florida from your videos and watching your videos gets me motivated to do what I need to do. Wanted to move to Florida since 2018 and this year is where it'll finally become a reality!
    6
  15680. The sad truth is that MOST homes being listed for sale in the last week in the Florida market are being listed at or ABOVE estimate still. So price cuts or not the sellers are still asking top dollar for their homes, not saying it’s going to continue but for right now sellers still delusional
    6
  15681. I share many of the same views as your mom. We approach the future with trepidation. Staying where we are already established is comforting to us women as we get older. Though we do want to travel to places where we dreamt of living. I, too, am thinking Florida may be a place to spend a couple of months in winter or spring. It’s a little hot and humid year round in Florida. Plus housing is getting to be too pricey on a fixed income. And if the market crashes, we will be underwater in a mortgage. Your mom seems so nice and supportive of your endeavors. But I can tell she misses you very much!!! ❤️
    6
  15682. Love your video. As someone who has been vactioning here for 30+ years I will tell you. Summer months are always more congested. But this year is extremely abnormal. Everyone has flocked here because of the shut down last year, as well as everyone receiving that stimmy money. Try coming back late August and it'll be a different ball game. Also venture down near laguna beach. Its the quiet end of town. Ive been to dozens of beaches in FL and this remains my favorite. The people are amazing, the food is fantastic and the vibe is not always the party scene. This year is a bit off.
    6
  15683. I’ve been tempted many a times by profiteers to refinance my home. For you generational folks, be sure to have your inheritance intentions well documented and your beneficiaries well stated.
    6
  15684. With AC, Florida is perfectly livable year-round! Here in the Tampa Bay Area, we have our share of gray overcast days, but nowhere near as bad as the Midwest
    6
  15685. I’m in the same boat. I enjoy my credit cards and pay it off at the end of the month. If they are taking away cash I would start using it.
    6
  15686. Is it pet friendly?
    6
  15687. Thanks to this video. I'm taking my mom there to visit this winter.
    6
  15688. 16:00 an economy growing lol all the money they sent to Ukraine and overseas counts towards the GDP.
    6
  15689. $1.2M to hear planes flying above all day? no thanks
    6
  15690. Thank you. I sold my house in November.
    6
  15691. Well, we knew that was gonna happen when we printed billions of. Dollars out of thin air
    6
  15692. Hi - enjoy your videos. One thing you didn't mention - perhaps this has been mentioned in some of your other videos - homeowner's insurance. I considered moving to FL about 2 yrs ago and got insurances quotes on a few condos in Delray Beach/Ford Lauderdale/West Palm area and was surprised to learn about things like "roof clips" (being up north, never heard of such a thing), and that anything built before 2005 (I think) was going to be heap more to insure. Also flood insurance - does the building carry it? Is the house or building in a flood zone? The flood zone maps change. A place that might not have previously been in a flood zone might now be in one. (Also beware of sink hole alley in the middle of the state over to Tampa area). A friend has a condo in a low rise building in South Beach and the 2017 hurricane caused a huge amount of very, very expensive damage down there. His unit is on the 5th floor of a modern building (built in '09, I think) and is cement (CBS I think it's called) yet still sustained tons of damage (water came pouring in thru the roof, damaging the crap out of elevators, and just about every unit from the top (8th) floor down.) He and his neighbors all found themselves battling it it out with their insurers on everything, and as a result it took a VERY long time for repairs to get done. One unit would finally be repaired, (new drywall, new flooring, etc) after several months, but some other units wouldn't be finished until nearly a year after the fact, so there was construction noise basically every day for about a year and a half in his building. And this was typical of all of the buildings in his neighborhood. I didn't ask, but I'm guessing his already sky high insurance premium probably went thru the roof after that (so to speak!) And this was after just one hurricane. FL has how many storms and storm surge events every year? People from other climes need to be aware of the FL insurance costs. It is a whole different and VERY expensive ballgame from what we are used to up north.
    6
  15693. If I buy the condo cash, Will I still have all of these fees?
    6
  15694. Your reports are always accurate. New Smyrna is nothing special.
    6
  15695. There must be people moving around all over the place. I live in Walla Walla, WA and last year I saw automobile license plates from just about every state, with many from Texas and Florida. It's quieted down since then, but the locus of the phenomenon may have moved elsewhere
    6
  15696. It seems to me that people who love Florida should move to South Carolina and North Carolina. The Carolinas are more temperate too. There are many huge problems in Florida, like hurricanes and gators and sinkholes and... Michael Bordenaro. 🤣
    6
  15697. Yes the stock market will drop like a rock, credit/homes/auto deliquite soon to be in theatre near you.
    6
  15698. Michael you're a Moron for answering these Mornons.... Keep bringing GOOD CONTENT and the knowledge you have with & in the Hiusing Market! Greetings from Broward County Fl 👊
    6
  15699. Affordable and quiet would be my words for that county. I drive their for car repairs it’s cheaper than Saint Augustine and far cheaper than Miami auto mechanic labor rate prices
    6
  15700. People are delusional in greed Michael
    6
  15701. There is an easy way to solve the airbnb infestation of our towns and cities (and at the same time bring down prices to affordable levels): Go back to the original airbnb model where people would open their HOME (that they live in) for paying guests. Anything else should be considered a hotel business and treated as such. On another note, with airfares exploding and unlikely to fall back to previous levels any time soon because supply will be restricted (airlines like making money) that itself will put a damper on the airbnb business. We will see a lot of listings coming from failed Johnny Come Lately "investors" who got in over their heads. (PS: when I went back to your video I saw that you say pretty much the same)
    6
  15702. Yes number one St Augustine been wintering there for years
    6
  15703. nice camaro! perfect for those ocean drives. Iroc-z is my favorite model and probably will always be.
    6
  15704. Check the pipes! I'd dig my entire yard up if my bill was $700 a month.😂 And I'd put locks on my spickets outside. Go to your building dept and speak to the inspector for the plans.
    6
  15705. Enjoying your content and learning a lot, Michael. You’re a cool dude. Keep it up! I moved to Saint Pete about a year ago to be near family. Home and flood insurance costs are unbelievable. Also, thanks for not starting your videos with “What’s up guys?” like every other content creator.
    6
  15706. The entire global economy is propped up by unimaginable debt. It's a mirage.
    6
  15707. WHY isn't their credit being dinged? Where is THE TEETH in this?
    6
  15708. These days buyers will just bulldoze even a perfectly fine house, so whether it is burned or not is kind of irrelevant - may even help with disposal.
    6
  15709. What we're witnessing in this country right now is a slow-motion societal collapse. Law-abiders are being punished, and not only are criminals not being punished, in some cases they are even being rewarded for their crimes. And which political party overwhelmingly dominates in Alameda County and the New York area? I'm sorry, but It's impossible to talk about this stuff and NOT get political!
    6
  15710. They need to change office area’s into apartments because they are needed! Canada’s immigration has exploded recently!
    6
  15711. I think lots of people have been brainwashed into this dream of house ownership. Speaking as a home owner so I am not bashing it. I am just saying that you are sold this dream that mortgages are cheaper than rent and how it's such an investment but if you can't afford to keep that investment afloat you will soon be under water. No one tells you that part lol. Happy Holidays Michael!
    6
  15712. Why on earth would anyone, especially a mortgage broker, get an ARM in 2019. Fixed rates were only maybe 0.25% higher in most circumstances. She must be completely incompetent as a mortgage broker. I never had an ARM conversation during that year because it was idiotic.
    6
  15713. I literally just spoke to rocket mortgage an hour ago. They told me I was to put down 1% and they would cover 2%.
    6
  15714. What do you think about the White House signing a bill to spend 45billion on renovating office buildings into residential housing? Lol
    6
  15715. Think Toyota Camry, Michael.(150K on mine).
    6
  15716. Hey Michael, do you have a detailed video explaining your situation of renting and then your transition to your condo and how your condo life is? If not can you make one.
    6
  15717. Friend: What are youre plans for the evening? Me: Just watching my favourite Youtuber and getting more educated in the housing market and the economy!
    6
  15718. I'm so surprised you didn't mention Stuart , FL, Martin County area or Jupiter/Hobe Sound/Tequesta. I'm in Stuart, nice downtown on the river with shops, restaurants, alot here/more building/they are building like crazy here/alot of northerners which I was moving here. I'm here since 2006, Grandpa lol moved here 1972, we are all NY'ers. Alot of live music! Hutchinson Island , beautiful beaches.
    6
  15719. when these children become independent or have no parents, they won't be able to stop squandering money.
    6
  15720. Real estate is a lagging indicator. The calm before the storm.
    6
  15721. Thank you, Michael, for an informative video. I am in the mortgage business. I disagree with lender who is selling mortgage rate detection and getting $7000.00 back for an average borrower. since the standard deduction is so high, most homeowners are better off not itemizing their deductions. In general, you should only itemize your deductions if the total amount exceeds the standard deduction. It still does not make any sense.
    6
  15722. I commend your dedication and the effort you insert to make all this informative content, man! Even not minding filming outside in the rain. Your point about why sellers need to sell amidst this worsening situation is also spot on! Thanks for pointing this all out! Keep up!
    6
  15723. Yeah! Just stop being poor! 🤷
    6
  15724. All very good advice. Mine took me 2 1/2 years in the making, well worth it.
    6
  15725. I will take wild animals over scary people anytime. But seriously snakes scare the crap out of me.
    6
  15726. You are always saying like it is. many people don't want to hear the truth. they don't fret about it, until it's a problem in their face.
    6
  15727. You two should have some babies… start that generational wealth.
    6
  15728. I agree rates should have bumped to 10% by December of 2022.
    6
  15729. The greed is just off the charts. I've been watching every new listing in my region for the last few months. It's not uncommon to see people who bought a house a year ago and put in back on the market a year later with an 70-80% price increase and not doing a "Single" thing to the house! When I get in the market after the new year, I'm going to be watching for these greedy individuals, and if they've had a house on the market for more than 30 days I'm going to be making insanely low offers, at least 30-40% off what they're asking and possibly more. I've already prepared my realtor on what to expect and she's fine with it. It's time to get these people back in check.
    6
  15730. Looking good Michael!!! You have nice eyes and we don't get to see them much with the sun glasses!!
    6
  15731. Hi, great video. Actually, I went the other way. I moved to Arizona in 1999, and I opened a credit union account. I had expected to see my account on line with online banking services on line, I didn't like paper statements because people can steal information from them. However, the kept being late getting their system in place and I would constantly make an appointment with the main branch manager whenever I had to do any business on my account. It pays when your a member, because they have to listen to you, and even though I was an *ss, the expedited that roll out just to shut me up (maybe).
    6
  15732. Florida will eventually wipe out the middle and lower classes. These homes you are showing are not getting bought by "regular" people. Mainly wealthy investors and out of state/country retires looking for second homes. Keep up the content!
    6
  15733. They'll save the housing market from crash. Translation: You will own nothing and you will be happy
    6
  15734. Friends don't let Friends do Zillow.....
    6
  15735. Made me laugh when you said "this road is like any other road youd go on". Me thinking: whats hes talking about its so beautiful. You should try driving on uk motorways. Thats dull!!🤣
    6
  15736. I am 65 and have been waiting to draw Soc-Sec until now. I wish I had taken it at 62 for one reason like you said age expectancy. Just had two friends die one at 63 years old and the other at 64 years old. The reason also is I could have taken three years of Soc Sec and invested that money instead of letting the government keep it. This is the other thing I will probably die before I ever get that three years of Soc Sec back that I gave away.
    6
  15737. This one is facinating. I can see how with all the stress and anxiety of tryihg to buy or sell a home, espeicially one to live in, and doihg it in a crazy, shifting market like right now, people could get scammed in hundreds of different ways. I'm also finally seeing more houses come to market in a lot of places I "window shop", even though people are still listing too high, so I start to see price drops after the listing. No telling what will happen next.
    6
  15738. And what about when you are done paying the mortgage? all you are paying after that is insurance, taxes and repairs....If you decide to rent, you need to continue to pay rent after the 30 years and you own nothing.
    6
  15739. Do a town that feels like the Northeast, specifically suburban NY/North Jersey area. Delray Beach, Maitland, Winter Garden, and Winter Park remind me of the North.
    6
  15740. That’s exactly how it is in Toronto. Planning to move by December.
    6
  15741. Golden combination. Follow u guys both 👍
    6
  15742. Sorry to ask but why do people need to borrow to buy themselves a house? A major part of the reason why real estate is so overvalued is the financialization of real estate. If prices were determined only by what people have actually saved up then real estate values would collapse to affordable levels and reflect what people could actually purchase based on their income and frugal lifestyles and not based on whatever the Federal Reserve determines money should cost. Banks really just conjure up money out of thin air so you get a roof over your head while 80% of that roof or more belongs to that bank that snipped with their fingers to create that money. Let´s face it this system is completely whack but it works because everybody bought into it and accepts it as completely normal. It´s normal you´d need a mortgage to afford a house, right? No, it's not. A loan should be used for productive assets such as a business or a machinery that will yield you a higher return than what you pay for that loan. A house isn´t meant to be that but it was commoditized and that is why we have the real estate prices we have today!
    6
  15743. Here in the northeast our realtors think this market is untouchable.
    6
  15744. Prices aren't going down in the Bay Area. Last week I went to an open house in the East Bay and you couldn't walk without bumping into people everywhere. The house had a bidding war and was pending within 3 days.
    6
  15745. You're beautiful couple ❤❤
    6
  15746. Ever notice how the upscale neighborhoods have much more landscaping? If middle priced neighborhoods just planted more trees and shrubs and invested in a bit of greenery, the value of their property would rise accordingly. Plus, it would make that sun-scorched swamp so much more attractive overall. Removing acres of lawn also goes along way to protecting the general environment.
    6
  15747.  @MichaelBordenaro  I didn't think our govt should have allowed investors (the rich & famous) to buy so many houses - in many desirable cities/states - that single people and families prefer. I am glad they're taking big losses - and hopefully, people who worked so hard will have a chance to buy their own little piece of paradise.
    6
  15748. Thank you Michael for inviting Travis ! 👏👏You guys are so genuine and honest unlike so many on line and on media knowingly deceiving people about the state of , economy! 🤫
    6
  15749. Thank you Michael! It was an absolute pleasure to talk with you about such important topics.
    6
  15750. Everybody is moving to Florida so your videos will be doing very well 😃
    6
  15751. I don't care who buys my house. How do I know the young couple with a baby isn't a front for Scrooge.
    6
  15752. Oxymoron of the day: "suffering CEO"
    6
  15753. Wait for it - when housing prices collapse, all the talking heads will be saying it is "smarter to rent." And they will have an armful of reasons that sound smart. That's exactly what happened last time. You think I'm joking - they will tell you to do exactly the wrong thing.
    6
  15754. They'll never be able to sell for $10M+ It'll end up like 2008. They'll sell at a discount around $400k.
    6
  15755. I have had EVs for 3 years I also have 4 ICE cars . I live in a warm area So Ca. Evs are only good for local driving . They are NOT practicing for road trips . LOL
    6
  15756. Its 45 degrees and raining in Chicago right now. Your in South Florida wearing a tank top. I say you got it pretty good man.
    6
  15757. If you want to see how housing has changed in the last 4 months: I had a house on Augusta Ranch Golf Course, valued at $889K in April, last night I looked it up and it’s now valued at $779K. Look up “Bridges of Ocotillo in Chandler Arizona” it is crashing since I sold my “snowbird paradise condo” 5 weeks ago. A condo that sold for $460K, identical condos are being listed at $419K. Thank you for sharing Michael.
    6
  15758. Like always, great info!!!👍👍
    6
  15759. The beach review is a good idea. I am not living in America and it would be good to know how far away the beaches are from Miami beach. Could you mention as well if each beach can be reached via public transport? Thanks a lot for considering :)
    6
  15760. You’re the best Michael! ❤ Love you and your wife
    6
  15761. I was going to ignore this video but then i saw Lizzy
    6
  15762. No chance our spend-and-tax(borrowing) Congress will curtail spending (borrowing)
    6
  15763. Thanks Michael for this video and subject as it hit home for me. I have a trip planned to visit SWFL and to start looking at Condo's for a winter retreat. This will make a big difference on our approach for sure. So how can you tell if a Condo assoc. if fully funded with reserves? Is this a new law that applies to FLorida?, thanks
    6
  15764. Largest housing bubble in American history. More than likely the worst drop in American history.
    6
  15765. I rented a spot for 23 years and nothing ever broke.
    6
  15766. most sellers where I'm looking now bought in last 2 years. and are trying to cash in at way inflated prices. not this guy. that's how you get stuck don't get sucked in remain calm let the buyers and banks that over paid bear the burden. patience my friends
    6
  15767. Thank goodness. Someone was watching over you. When I traveled from nj to FL for vacation I put a 2nd spare in car and gallon of water and container of oil just for my car!
    6
  15768. Similar to New Orleans, I just love the south. The rain is warm at least ;-)
    6
  15769. Thanks for info, I’m in Palm Beach County, Wellington to be exact. Recently significant increase in the “I want to buy your home” people…..thanks for the information! Enjoy the podcast!
    6
  15770. House pricing will drop back to 2019 pricing.
    6
  15771. I hear you dude... Miami flat out sucks. Pretty much the entirety of South FL is nuts. You should give the Clearwater/Dunedin/Largo/Tarpon Springs/Palm Harbor area a try. Any one of those places is an instant upgrade over ANYWHERE in Dade or Broward counties.
    6
  15772. One of my favorite duos back together again!
    6
  15773. I really liked the second unit that you showed but I would really like to see units that actually included an in unit washer and dryer or a facility with a larger laundry room with multiple machines.
    6
  15774. Your FL videos are the best I've ever come across! I'm really grateful for them and for you, and I wish you continued success. :-)
    6
  15775. Great presentation, Michael. The question is, how much debt can these investors carry and for how long. It's analogous to how long a diver can hold their breath until they need oxygen. I see the present economy as a giant room of standing dominos..... and the architects know exactly which domino will trigger an entire cascade.
    6
  15776. As a long time Tallahassean, thank you for this very nice video of our fair city. Tallahassee has its issues, but overall, it is a nice place to raise a family. The big thing is the natural beauty of this area. There are a lot of outdoor recreation opportunities here, like running, walking, cycling, etc along with a very active recreation dept. We do not have the beaches or theme parks, but overall the quality of life is fairly good. When the students are here, things can get a little hectic driving wise, especially on home game weekends for FAMU or FSU. Thank you again for visiting Tallahassee and I hope the rest of your trip goes well.
    6
  15777. I owe 589.00 right now on my American Express. I might pay it off soon
    6
  15778. Mexico is calling u Michael!!!
    6
  15779.  @MichaelBordenaro  Most realtors talk like they've been slamming Red Bulls. Which they probably have.
    6
  15780. Great Video! I wish SWFL was seeing the declines like other areas. It seems like the sellers there are determined to wait out the down turn. It seems like the realtors are trying to keep the prices elevated. They are listing properties higher than 6 months ago. I am watching communities where the houses are listed DOM over 150 days. Who thinks they shouldn't reduce their price significantly if its on the market that long. I'm very frustrated
    6
  15781. Great talk Michael, you are so awesome to listen to and you’re so on point with so many important things. Love your outlook on Life as well! Thanks for sharing! 😊💛
    6
  15782. Hi Michael, i have to admit that you have an excellent online presence and i think you will do very well with your youtube channel. You just come across as a very sincere and honest individual. As such, i want to give you some ideas on how you might be able to improve your channel. I may be wrong on my suggestions but at least i wanted to try to assist in any way. I recently decided i want to retire in Florida in 4 years. I am now 53 but only been to Florida about 5 times in my life. I have been doing lots of research trying to find videos describing all of the different beach side communities to target based on my own criteria. However, its not been easy to find many good ones. You have done great reviews on some of the beaches near Miami and i think if you extended such videos to the many many other beachside communities across the state you might be able to increase your subscribers and views. For example, between Miami and Jacksonville there are dozens of beachside communities that you could review. So e could be marketed to someone like myself who wants to find a beachside community where i can walk to nice cafes and just has a overall nice downtown area whereas others may want more seclusion. Of course, this would take lots of effort but i for one would watch most of them to get an idea as to which community i could focus on when making my first research trips to Florida. This alone could give you hundreds of videos that i think many people thinking about moving to Florida would find valuable. But like i said its a lot of work as you would need to drive to these areas to film and discuss all of such communities. Anyway, i wish you the best and i will continue to go through the remainder of your videos. Bests. Oh - i also love the feeling of buying gold and silver and understand your rationale for buying it. I also got my real estate license while back in college but never really did much with it. Instead, spending my career in finance working and teaching finance/investments as a adjunkie. Now just looking to chill in Florida soon.
    6
  15783. Florida Brah...nice AF
    6
  15784. I expect my home value to drop 25-30% when this is all over.
    6
  15785. In my opinion the best way to experience Sanibel is to rent a condo on the beach. Not as many people as the public beaches. I go for the shells not the “beach”.
    6
  15786. Speculators and short term rentals have destroyed Mia market need bring back old laws that stop that
    6
  15787. The midwest to west coast thing.........I violated that rule. Coming from Iowa I moved to the Space Coast :D
    6
  15788. 69% - nice
    6
  15789. Going for a Florida walk with Michael, listening to great content!
    6
  15790. If many people work remotely they can live anywhere in world 🌎 and buy cheap house 🏠
    6
  15791. Michael - can you cover 55+ communities and your thoughts? maybe best places to live as well. ty
    6
  15792. Michael, I was a homeowner for 28 years up until July 2022. In the state of Florida I was homesteaded back in 1990s which means that they cannot raise my property taxes more than 3% per year for any reason whatsoever because of that homestead exemption. That you are right people that buy houses today in Florida they can't get that homestead exemption where they get locked into being only raised three percent a year or less they can't go above 3% a year by state law if you grandfathered in. Idea response from you if I'm correct on that I've owned a house of 28 years like I told you 1994 to 2022 and that's my understanding of the law I'm not no realtor thank goodness I sold my house before hurricane Ian hit I'm happily renting right now, no worries 😁
    6
  15793. I'm a refugee from the Midwest too. Heck with those winters! Loving my Southern AZ winters. Just BBQd a steak. It's 70 degrees out here. Perfect!
    6
  15794. You so groomed today. Nice hair cut too😉
    6
  15795. We Work made banks loose Billions of dollars all while the CEO and top executives all took tens of millions. How is this still happening with all of the technology and government oversight?
    6
  15796. Thanks for your thoughtful video. You already saw in CA what happens when a real estate market keeps surging. Driving around in Miami area last summer, it was nice to see that the homeless and destitute were far less numerous than the West coast large cities. Hope Florida stays affordable and has homes for all budgets.
    6
  15797. Extremely helpful video Michael❤
    6
  15798. Beautiful neighborhood, lucky people.
    6
  15799. Most homeless are that way due to a drug problem. Then its barrier to entry for affordable housing. Why can't I have an apartment building with a shared bathroom and kitchen on every floor? That would provide people inexpensive housing with address so they could get employed. Government just needs to get out of the way and let entrepreneurs come up with solutions instead of taxing people and using tax payer funds. The problem with government solutions is summed up in this quote: A government powerful enough to give you everything you want, is capable of taking everything you have. This is why any government power should be kept local, so the people know who their enemy's are, and if provoked can show up with pitchforks and torches to correct the situation. Government types SHOULD be looking over their shoulder worried about the citizenry to keep them in check.
    6
  15800. Thanks dudes. You're providing very important, and honest information.. I think Travis mentioned that banks weren't giving loans in 2011. True story, I bought homes in Florida in 2011, and no bank would give me a cash-out loan mortgage. (It spite of a 800 credit score, and paying cash for my houses!) I turned out well, but I didn't invest as much as I thought I could have. Listen to these guys...they are being honest!
    6
  15801. It’s been too expensive to live for the past three years
    6
  15802. If we transfer $100 to PayPal. Will I get $100 in PayPal or any deductions or charges?
    6
  15803. Hey Michael, don’t know nothing about Florida however, I’m learning a lot with you. Thank you 😊
    6
  15804. The HOA fees.
    6
  15805. I have a friend who is 67 and has to work two parts time jobs because of inflation,so sad 😞Thanks Michael 👍🏻
    6
  15806. That had to be Friday or Saturday, I got a bunch of rain those days and it tested my van for water leaks. There will be a condo collapse as you have said before, I can see the dya when no one will want them. Crashes always start in Southwest Florida, like it did in 2007 before spreading to the rest of the state. Miami is always the last to collapse. I could see you happy in Flagler county, you have Daytona beach nearby!
    6
  15807. Depression on the rise as well. I pray all of us hang in there. You are right no one truly knows the real rates of inflation💥💯
    6
  15808. 70M for a dirt lot? Geeze.
    6
  15809. One thing I find fascinating and stupid is the American fascination with homeownership. Seriously! If you moved to some new place, stupidest thing you can do right off the bat is buy a home. You don't know the area and you have no clue what you're getting into or even if you want to live there. Imagine if some of these people who moved to Florida rented for a year. They probably would've heard through the grapevine all the garbage that goes into ensuring a house and they would've been more informed. But even if you want to look at the glass half-full, after renting for a year, if you choose to stay, you would probably know exactly where you would want to buy a house as you are more familiar with the area. People walk around with their head in the clouds sometimes.
    6
  15810. Is this in Miami Beach? I noticed prices in South Beach are really good now
    6
  15811. Fun video! In my day as a Penn student (Philadelphia ‘80) Miami Beach was still thought of as Jackie Gleason’s retired people land, so we mostly went to Fort Lauderdale on spring break. Spend the day on the beach, when the daily 3:45 pm thunderstorm came in walk across A1A to the indoor bars for happy hour, 15 minutes later the sun was out, spend until sunset at the bar swimming pool with wet t-shirt contests, then listen to live music all night. I’m not sure I could live there either these days, but I totally understand why that scene never loses its appeal to college kids. 🍻
    6
  15812. Buy a house. I did in 1992. House is paid for now. Best thing I ever did
    6
  15813. I have been retired since 53 , now 67. Retirement is not a big deal. I travelled many years before I retired and travelled somewhat after but now I am happy just working around my properties, piddling, and going to the gym. I do not spend money on expensive hobbies I did cycle New Zealand at 64 years old and do go to the Galapagos for free diving when I go to my vacation property in Ecuador. I am single, retired military so my health care cost are only Medicare. Moved to South Carolina in 2021 where it is extremely cheap. I make more money now with my pensions and investment than I ever did when I worked from 9 to 5. Planning is key.
    6
  15814.  @MichaelBordenaro  I grew up in California, and it's nice enough, BUT it's incredibly expensive. I know that Miami Beach is expensive because I live here, but the better places in California make it look cheap. If you and your girlfriend could pull in $200,000 a year, it starts to be doable, but without that it's a struggle.
    6
  15815. I've lived in Portland for 35 years and am currently shopping for a home. You're not wrong about your assessment of Portland but you failed to mention several key things. You failed to mention that Portland has many nice neighborhoods with very low crime and no homeless camps. The west side is quite nice and a few areas on the east side are also quite nice. You failed to mention anything about the cause of or solution to the homeless situation. I agree the homeless situation is completely insane and something needs to be done. You failed to mention anything about all the incredible natural beauty surrounding Portland (Ocean, mountains, waterfalls, forests, high desert, etc). Oregon (pronounced ORE-uh-g'n not ORE-uh-GONE) is one of the most beautiful states in the country. I'll be the first to admit that what's going on in Portland is really terrible but let's not pretend that other parts of the country don't also have issues. Some of the roughest and most dangerous places I've ever been to are in Florida. Crime rates are much higher in Florida. Also you have to deal with hurricanes and the threat of rising sea-level which will leave much of the state underwater in the future.
    6
  15816. The red rocks amiptheather looks like a great spot. Colorado is nice I've heard. My mom told me I should visit Colorado Springs. seeing how there's so many homeless people out there, that probably tells you it's expensive living there just like California. I've just booked a hotel room for the Thanksgiving weekend in Sarasota Florida. Gonna be there and most likely bike riding in the areas of Saint Petersburg, Tampa, and possibly Venice.
    6
  15817. Listing prices are just going up, up, UP, in Bergen County NJ, where I'm originally from, and as I feared would happen, my friend has been effectively priced out of the market, due to her indecision and hesitation. A condo in not the greatest town that she could have had for $320K 6 months ago, is now listed for $350K - with a bank value of $280K. Unless someone is buying their "forever home," paying $70,000 over bank value? That's insane!
    6
  15818. My dad's name was Mircea in Romania, but when we came to the U.S. in 1983 he started going by Michael or Mike so he can integrate with Americans. Nice name :)
    6
  15819. How far from the Beach? I've heard traffic can be bad during tourist season there. Can you legally build on that lot?...No garage a deal breaker for me. Car ports are not secure.
    6
  15820. My family and I moved to the San Diego area last year. People here are chill and friendly, great local food, amazing weather, and lots of culture. But it does come with a high cost, the prices for any property are insane. Prices are starting to dip, I hope people have the discipline to bargain and not ovetpay. 800k for a 30 year 3BR condo is not a good value, despite what agents tell you.
    6
  15821. Hi I am in australia and I like this channel for information on America and the lenght of the vids is good and Sensible. Thank's.
    6
  15822. Anybody with common sense would know that thank you😊
    6
  15823. The house flippers are losing big. You know the proverb: the pigs get fat and the hogs get slaughtered
    6
  15824. It's 1965. I have a dollar bill. It will buy 4 or 5 gallons of gas. I have a silver dollar. It will buy 4 or 5 gallons of gas. It's 2022. I have a dollar bill. It will buy a quart of gas. I have a silver dollar. It will buy 4 or 5 gallons of gas.
    6
  15825. 9:00 Looks like the flipflop people are still being discriminated against. Must be a Flipflop-aphob.
    6
  15826. I remember a long time ago, 1980's, if you were selling a property you could offer if as OWC "owner will carry". Does that still exists? I mentioned that as an option to an agent and she shook her head no.
    6
  15827. Just looked at my weather app on my phone, and Tampa's forecast for the next ten days is hotter than Miami Beach. Who knew?
    6
  15828. We'll, for a reverse mortgage we should charge the bank a 20% down payment plus ➕️ closing costs 😉 . Lol Thanks for your video.
    6
  15829. 5:43 my car is just chilling in the parking lot haha, but yes Ocala is very “home-y”. I’ve lived here for 16 years and i wouldn’t change a thing
    6
  15830. Looks like being a landlord has a downside finally.
    6
  15831. Hey I own that flip ,I had to drop 250k cause theres a scruffy homeless looking guy walking the neighborhood filming all the time 😂😂😂😂
    6
  15832. Also just to clarify why old cars cost about the same as new cars to insure, it’s because insurance is calculated on cost to repair and chance of claim, not value. Things that go into the algorithm are your level of education, if you live in a flood zone, age, sex, past claim history and colour of car!
    6
  15833. The only you find the perfect house is if you build it yourself. Buy empty property instead. Vacant lots is the way to go!
    6
  15834. Texas is even worse.... people are flocking here from everywhere.... and prices are going up as well....
    6
  15835. Blame it on schooling Never teach financial education And back then no internet Average people didn't have computer at home No smartphone back then Now it so easy to get information from internet People can educate themselves how to buy home How to invest etc
    6
  15836. Florida central-west (ie. Orlando, Tampa) houses prices are going down… but at a pretty low pace. Right now on the middles 400k, but toward 300k range by the end of the year. My guess.
    6
  15837. Your payment for the mtg will never change, but be mindfull that the tax payment can change
    6
  15838. I live in North Miami, Sans Succi and they just tried to buy all 300 units in my building. Thank god we didn’t sell
    6
  15839. You have the Best Video when it comes to Finance and yes, you do mention about Debt everyday. People can learn from you , and no doubt they understand it already. Like you said , get out of debt , as soon as a person can. I always said, The Less Debt , Better Off You're!!! But you do need to save for Emergency, you never know what might come your way, where you have to pay a huge Bill.
    6
  15840. When is the last time you parted happily with a "roommate"?
    6
  15841. Why doesn’t everyone just stop. Stop participating in this crap. Save your money and stop spending. Just stop. Stop participating in this industry that has so many non value added fees it’s disgusting
    6
  15842. This make me sad. I really wanted to move to central Florida from Wisconsin in about 3 years giving me a lot of time to prepare. But by that time the housing market may be out of my reach. 😕
    6
  15843. Im going with what You say Michael. Waiting and saving till the crash.
    6
  15844. We hope you can continue giving us this great information well into your 80s...with the same sunglasses, but maybe using a golf cart.
    6
  15845. That's always been fcking crazy. And amazed to me. Companies basically held things/people hostage to forces bail out fk. Mind my language 🤬🤬🤬🤬🤬
    6
  15846. My daughter & family live in Port St Lucie~~~~very spacious, they found JESUS there thru love & friendships of the people & neighbors❤️🦚✝️⚔️🙏🏻🌺🐶🐶🐈🐓💫🦎🐬🦀!!!
    6
  15847. I wish these were an hour long. I love your videos. Thankyou ! ❤
    6
  15848. Love the beach videos! Informative! I’ll be checking out this beach for sure! Thanks 😊 I’m counting the days till I become a Floridian❤️ (2 more months!)
    6
  15849. I’m so glad you made it there! I love so many beaches in Florida like Daytona, New Smyrna, Sanibel Island, and Fort Zachary Taylor in Key West, but Siesta Key is my absolute favorite. I went there three years ago with my family and I think about it everyday
    6
  15850. 1997 movie, The Rainmaker, basically showed how insurance is not a viable business model. Good movie also. Fast forward to today, with costs out of control, Insurance companies can't make a profit, so they go out of business or just leave the market. So, your million dollar home in a high risk region will cost 2 arms and a leg. And that really expensive sports car in your drive; not only are the bank payments absurd, but insurance is outrageous too. Owning a boat is starting to look really attractive.
    6
  15851. We bought our first house in 1986 in Hawaii for $116,000, sold it for $197,500 two and half years later. Then in !993 bought a 4 bedroom 3 bath house for$185,000 in Florida and sold9 years later for $300,00 . then bought a townhouse on the intercostal for !178,000 , then sold that fo $300,000 in 2019 and had our retirement built for $240,00. Going out of this house feet first!
    6
  15852. When I visited my friend showed me where some of Miami Vice was filmed..albeit much cleaner and nicer than in the 80s. Still ❤ Crockett 😎 Also love your content Michael ✌
    6
  15853. Il Villaggio's South East, Upper Penthouse is one of my favorites.
    6
  15854. Siesta Key isnice ! Thebeach is amazing ! Even walking into the water,there is just sand. Not a bunch of breoken rocks or anything. That was the last time I was there anyway. I would love to go back.
    6
  15855. Keep spitting the truth bro
    6
  15856. Panama City. 1975. I graduated from high school, and a group of spent several days in PC. My older sister joined us and hooked up with the class bully. This guy threw a Coke bottle at me at school, and it hit me in the knee. They married. He drank. They divorced. She raised their kids. She never visited PC again. (BTW, their kids turned out remarkably well. You just never know.)
    6
  15857. Got a shop there, it is beautiful! Housing prices are nuts, but they are crazy everywhere
    6
  15858. Home Depot has put out so many small business vendors. Like plants and Christmas trees that take years to grow they don't water them or they raise the prices so high people can't afford them and if they don't go through he register the vendor doesn't get paid.
    6
  15859. Homes have nearly quadrupled in price in my area too since covid. There is no hope for me to ever buy again since moving back to my home town. I do pretty well financially with no debt and perfect credit. There’s not chance in hell I would buy now just due to the insurance situation. I actually feel fortunate to be able to rent in the area I would buy in. It’s never coming down.
    6
  15860. Hi Michael.Florida has so much land large areas owned by families and just sell off sections to developers when they need some more money. So when all this mess is resolved in the next hopefully 5 years. It will all start again.
    6
  15861. I would love to see properties I Can house hack by living in one side and rent the other and use the rental income to pay majority of my mortgage. Thereby, decreasing housing cost and build equity. Just moved to Florida and searching!
    6
  15862. We’ve been there a couple of times. Fantastic little town!!
    6
  15863. In this video you state that we "aren't going to see 3% mortgage rates probably ever again". In other videos you recommend buying a lower priced home with a higher interest rate and then refinancing later once rates go down. If we are never going to see 3% again, is refinancing from 6% to 5% (at an unknown time horizon of when we reach 5% again if ever) going to really make the difference if house prices don't fall off a cliff by 20-50%? In my opinion, everyone who locked in a 2-3% rate from 2020 to 2021 are very lucky and essentially hit the lottery.
    6
  15864. 77% of homes are owned by senior citizens in Florida.
    6
  15865. I don't understand how they expect people to survive
    6
  15866. Is we being forced to have insurance by the state they should be forced to provide insurance to us
    6
  15867. People don’t realize how serious an economic problem this is
    6
  15868. What are the effects of HOA fees on new construction condos ?
    6
  15869. Poor lady, she needs to write a letter to the real estate agent so they can realize what he/she has done so they wont do it to someone else.
    6
  15870. Manufactured homes are a good alternative to regular homes, but insurance is extremely high.
    6
  15871. Waiting will also leave you having to pick from the Left-Overs. There is such a thing as negotiating, where the owner & buyer find middle ground.
    6
  15872. Most advanced economies have cheaper rents vs purchase costs. That trend is even stronger in other countries due to various rent controls policies.
    6
  15873. I am over here renting and loving it. Sold my home in January 2022 to an all cash buyer high bid. I still own outright my rental property that keeps generating cash.
    6
  15874. Super cool! Big win picking up on that piece from the Godfather. Thanks!
    6
  15875. That coroc analogy was SPOT ON!
    6
  15876. Snorkeling the coral reefs at Key West is not to be missed. Awesome.
    6
  15877. Also I love your honesty regarding your personal real estate situation. You ROCK❗️💥❗️💥❗️
    6
  15878. 3. No Boss...yes....however my / our office manager and regional director is always on our ass to produce even though we are independent contractors. cv19 has really put a damper on things here in CA since we are on lock down basically since march.
    6
  15879. Awesome video yet again .... I didn’t even think about the driving license issue. I’ll have to look into that. Thank you for that. Just another idea for a Video if you like :-). When buying a house (with a pool); what is to look out for people that coming from abroad. Do I need a special pool insurance? Hurricane insurance? Do I need to do a structural survey prior to buying the house (in the UK you have to do a home buyers report prior to purchase if you need a mortgage - also required by the insurance company- that’s why I am asking). Assuming the house was recently renovated (prior to being on the market) do I need to check valid planning permission? Approval by building control? Or is it any type of certificate I have to check to make sure I am buying a safe house. Are there any benefits in buying a house in a gated community other that it is just a regular neighborhood with a gate? Thank you very much again 🙏
    6
  15880. If I could subscribe more then once, I'd sub 1000 times. Michael's straight to the point, unfiltered content is why I'm here.
    6
  15881. We love Cali but would never live there even if we won the lotto lol
    6
  15882. Great content. Your honesty will pay off. As you say, certain housing markets are creeping downward. There is a lot of junk out there and it's still over priced. Patience and discipline are the name of the game right now. Taking a look at the pricing history on these homes will tell you a lot.
    6
  15883. You learned faster than I did, my ex and I had almost 20 credit cards back in the 80’s will balances. I never claimed bankruptcy and did get them paid off. No debt today, I learned my lesson too.
    6
  15884. We are in the eye of the hurricane
    6
  15885. I just wonder with all the free money if housing will drop. I pray it does.
    6
  15886. Michael, I've never heard you mention a capital gains tax if you sell your home. Will you cover this on one of your videos please?
    6
  15887. I love my Florida condo, I hate the management.
    6
  15888. Another beautiful day in south Florida.
    6
  15889. Love the midwest feel, coming from Monroe, MI and now living in Aurora, OH. I’ve been to a lot of cities in FL, but have not seen Ocala. This looks like a place I would want to be. Having been to St Augustine twice, that would be my other choice.
    6
  15890. Looks like you took the restrictor plate off to give the red dragon a little more juice hahaha
    6
  15891. It's also important to realize how tiny Surfside is. It's just over a half square mile of land, and 9 blocks in length from south to north.
    6
  15892. Where I live in thousand oaks California mobile homes here are $350,000 and they want $1,100 a month for rent for the spot mobile homes in nice areas aren't cheap
    6
  15893. I would like nothing better than a total collapse of the markets. Standing by to purchase from the sidelines in cash.
    6
  15894. High Quality as always!
    6
  15895. I have no issues with AI generated content. I will happily watch *both*. I love the human connection and I appreciate the AI based breadth of content. I understand AI may miss some of the nuance due to either limited source material or limited understanding of the content, but I see that same behavior in humans every day. I feel the harder / deeper questions surface when we acknowledge this is happening whether we will it or not and that the power of the AI systems are growing exponentially. At some point the notion of deep fake level content will be indistinguishable from human content. So, what DO we want humans to be responsible for? What is our genuine purpose/s? 9-5 drudgery? A 30 year mortgage? Having children, so that our children can have children, so that our children can…. I don’t have the answers, but it’s a powerful, exciting, scary time to be alive. These may be the toughest answers for humankind to ever face.
    6
  15896.  @MichaelBordenaro  I'm in Sarasota. Just received my new annual rate. My policy increased over $400 a year. No claims or tickets in years.
    6
  15897. Jobs are fantastic for illegal immigrants. I'm so glad our government is giving them so much money and places to live.
    6
  15898. Buyers remorse starting here in SoCal, with 2 corner homes purchased for 1.1 mil/each losing thousands by the day.
    6
  15899. Good point. Never ever fully rely on all these life insurances. Better to keep building the investment portfolio until we can be confident that this can support us till we're in our 2nd diaper-wearing phase. Keep up the great insights!
    6
  15900. Randall here again, I think these videos are really good. Both of your parents have been wonderful to share their thoughts about letting you leave home and offer suggestions to parents out here that might be going through the same thing, letting their baby go. LOL You seem to have had a wonderfully supportive upbringing in your hometown. Landing in real estate was actually aligned to your skill set of math. Another thing in common, Bro I was good in math too and did land in the Information Technology sector as a computer programmer analyst. I love automobiles and racing, that is where I would have enjoyed the most, engineering maybe. Its interesting that your Mom is partial to, at the moment, the four seasons; and, I see her as a snowbird, if she has her way. Snowbird would be my choice if I could financially make it work. Keep the videos coming and I hope some of these different videos help you develop the channel to take off even more. I Appreciate the content and it how you are able to tie it to Florida, be entertaining, and helpful in developing perspectives on Florida.
    6
  15901. Owning property is only an asset when it puts money in one's pocket. Otherwise, it is a liability. Renting a house or running a business on the same property one lives on. To me, that makes property an asset. Paying a mortgage for a place to live, hoping for a profit upon sale, is a liability in myopion.
    6
  15902. I know a person who has a student loan and it's almost paid off . Happy for this person, job well done. I have mentioned to others, pay your debts off A.S.A.P. It feels better to be debt free. People should have their debts paid off by the time they are 50 years old, this way, when you retire, you are debt free and clear.
    6
  15903. Love the beach any time, 34 more months until I’m living on the gulf coast.
    6
  15904. Just wanted to let you know that the agents recommended to me by home and money only had been agents for 4 and 7 years respectively. One had just become full time and had only sold 10 houses in 5 years! The other one said there wasn't going to be a crash and then said I could get an arm to begin and refi later!!!!!! Red flags galore!!!! No one was available who had been an agent since the last downturn. Thought you'd like to know.
    6
  15905. When I was selling my condo in Hawaii, the HOA tossed the realtor's metal stand up sign in the trash. They did not allow it to be on the sidewalk...Front St., Maui ! I will NEVER buy in an HOA situation ever again. Cheaper to hire someone to cut your grass. 😮Oh,...and the Fees and BS !!!
    6
  15906. And it depends on if the dress was purchased at Nordstrom or a thrift store , let alone being forced to wear the dress 😂
    6
  15907. Another great video! Helps folks with their research. And it’s totally understandable that you can’t be doing their specific “research” for them for free, you already provide a lot of great information and helpful advice via your videos. It’s great you even have the option for consultation if they need that level of expertise. Time is precious and you need it for producing and building your vision! 👏💪🌞🌴
    6
  15908. 3 of my kids went to college in Tally (getting ready to move my 4th down in a few weeks) . I've come to really love this charming town. Very, very friendly, I love the old architecture, lots of historical brick homes/buildings and moss trees line the streets. You have a very college town feel near the campuses , but just a little beyond are some very modern, clean upper class neighborhoods. As big as it is - it has a very cozy - small town feel. Tons of shopping - an hours drive to some very nice beaches.Of course I worried with my first kid moving there from Central FL concerning safety (being a city and all) but, like I said I've really come to love it!!!! ( I just love Tallahassee! ) can I say it enough! :)
    6
  15909. NO FAKE NEWS HERE GUYS. JUST D TRUTH
    6
  15910. Ngl I'm thinking of just inheriting my parents' home at this point. (Currently live with them) I finish university next year, with no student debt. I work so I'm just dumping everything into savings right now. Gonna take a trip to Six Flags next month to take a break from all this housing/economy bs. As always, thank you for the videos Michael.
    6
  15911. The rain this winter in Florida, has been pronosticated earlier in the fall, due to the La Nina weather pattern. The whole southeast part of the US, will see a wetter than normal winter.
    6
  15912. Why is 20% down the standard? Why not 40%? 60%?
    6
  15913. First
    6
  15914. Rich people and companies bullying middle class at there best!!!!!
    6
  15915. I vacationed in LA from Sep 18, 2020 - Sep 21. I experienced my first earthquake. It wasn't as bad as I thought it would be. I love Southern California and always dream of living there, but I know the smart thing to do is just visit only. The amount of homelessness is the deal breaker for me.
    6
  15916. Food has been costing me for one person $500.00 a month for basics.:hand-orange-covering-eyes: I am paying $300 more than I use to.
    6
  15917. C'mon, not everyone is going to be lucky enough to have a decent job right across the street or a roommate. What would you have done if you were not so lucky???
    6
  15918. (sorry for my english) I was like 3 years old, when I heard first about America. (I'm european) I had a jacket with an American flag (idk why I had it lol). I was asking my mom, what does that colors mean and she said to me it's the USA flag. She told me, there are living a lot of people's who we can see just in TV. I was 3 years old and I decided that one day i"ll living there. Now I'm 23. I have never been there but I'm watching all the videos about America, Im following the political side, the history side, and everything about it. I just feel like there is my home. I know all the states and their city's. I draw always the American flag and the states. I have a Florida state draw next my bed and every night I'm thinking, one day I will be able to move there. When I'm watching vlogs about people's who lives there I'm literally crying. In my school I learned Germany language, but since I was 8,9 years old I started to learn the English by myself. And yet I'm learning. Few weeks ago, I had a chance to travel in Colorado and work as a babysitter for a family. But the corona thing just shattered my dreams because my country have been closed. But I'm hoping, and I never give up.👆🏼
    6
  15919. Flagler seems to sustain a lot of storm damage and it serves as a beach outlet for Orlando as does Daytona & NSB. It does have good surf. I would probably look in the Indialantic area if I were to move back. Although, now is not the time to buy.
    6
  15920. Heloc loans are only good if the interest rate is lower than Higher interest rates on other credit you have. But you have to remember that they are Varible interest loans based on the Federal Interest rates. So that is the problem with Heloc loans.
    6
  15921. thank you so much for telling us the truth. In December our realtor was pushing us to buy a new home because prices are about to skyrocket again. Today, the homes for sale in our neighborhood are all reducing their prices. Some are on their third reduction. Thank you for saving us from these cheerleaders!
    6
  15922. Hi Michael, I’ve been looking at moving to Florida. I’m only 19 so I’m looking to move somewhere with a younger demographic that also has a lot of opportunity. If you have any ideas on some places to check out I would really appreciate it!
    6
  15923. As fewer and fewer people take the bait, I think you’ll see the those saying things are going to get better will eventually pivot. I watch the non-necessity sectors like the RV market, vacation homes, boating, etc., they’re in deep trouble. It will probably be spring to mid summer before everyone comes to grip with reality. Just my opinion of course.
    6
  15924. Love your show!Weddings are a financial waste!That should be put to a home!The guests bring a bud vase and dear old dad pays 125.00 a plate. Omg
    6
  15925. I already heard of Zillow 1% story!!! Where's Lizzy, she's being missed by her fans ? Let's check out that scenery !
    6
  15926. In Philadelphia I've seen the same few apartments and homes on zillow for like a year straight lol. It blows my mind they won't budge on price. I guess they don't care if they sell.
    6
  15927. In the state of Texas. I swear the assessment is budget generated ... Not a function of mkt value.
    6
  15928. People make more money in stock market when it goes down! Stock market isnt passive but it is less work...........I love stock market!
    6
  15929. Hi, Michael! Thank you for your video! No, sir. The slight dip does not entice me to decide to jump back into the buyer’s pool. I will continue to rent, probably for the rest of my life.
    6
  15930. $25K/month rent is aimed at a very small portion of the market ie. cocaine traffickers, hedge fund managers, surgeons etc. And I suspect that under the economic and political conditions prevailing, that portion of the market is shrinking. To invest in real estate now, I would stick to 3 bedroom 2 bath single family houses, with a garage in nice neighborhoods, close to amenities ie. shops, schools and medical facilities. And as an investor I should be in a position to pay cash. No loan payments.
    6
  15931. For the algorithm.
    6
  15932. Yeah.. My favorite YouTuber! Thanks, Mike. I appreciate all the details and the data you gathered. You're excellent in presenting the data in a very clear fashion. You could teach college course and you're way more interesting than most of my professors I've had.
    6
  15933. Agreed, Stay Calm and Save Money…
    6
  15934. Very WELL said. Thank You. Sitting and waiting.....I am a patient man. Love a good deal..LATER of course.
    6
  15935. Recession ALWAYS happen, just when and the houses built on sand will crumble the market has lost its mind the hotter the market the harder the fall
    6
  15936. Michael I got 2 notices from my insurances co. Geico, my insurance is going up by 29% now.
    6
  15937. 6 months ago Redfin had my home up 40% from when I bought it in Dec 2020. Now they say it's up less than 30%.
    6
  15938. Great video! Which place would you say is best for a single 30 year old looking to buy a affordable home and find a wife to put in it? Haha
    6
  15939. Public assistance should be a safety net, not a hammock
    6
  15940. Saving all the humidity here in the southeast for you and Lisi Michael. It's been brutal here😳
    6
  15941. I just transferred my account to a credit union. I’m done with banks.
    6
  15942. surprisingly some condos are starting to drop in price due to this. houses not so much so far. Without a doubt rates will continue to rise till probably mid next year. Sellers need to start dropping if they want to sell before they really get screwed....and hard pass on that AI program.
    6
  15943. I still have a job, I can still buy stuff, economies good.
    6
  15944. Happy to see you at Hallover, Bay Harbor...that's a historical area for me going back to the 80s. Great memory
    6
  15945. Wifie back
    6
  15946. I moved out when I turned 17 and luckily I never needed to move back or needed help paying any bills my dad raised me to be self reliant
    6
  15947. I love Florida’s benefits and cannot wait to move their great video, Michael👍🏝🏝
    6
  15948. I hope all goes okay!
    6
  15949. Spot on, nailed it…
    6
  15950.  @MichaelBordenaro  I was always very self sufficient and independent with money. Started working when i was 13yrs old, to help my mom with the bills. Whatever i made i gave it all to her. As an immigrant myself, i just dont understand the need to completely sever ties with your children, by "kicking them out". Just remember that if you "kick" them out, they will return the favor by putting you in a nursing home. Carma is a beeeech. People never plan ahead for the future, but the future comes fast and people get old. Be kind to your kids.
    6
  15951. Hey Michael, do you think the hurricane hitting Florida is the final nail in the coffin for affordability in that state?
    6
  15952. What are your recommendations in making friends in Miami? That’s one of my biggest concerns considering people are rude and can be fake down there!
    6
  15953. Hi Michael, I hope you have no family, friends or former property clients in this colllapes or falling of that condo building there in Surf Side.
    6
  15954. Great points all. Factoring in increased property taxes nationwide wide and mortgage costs are even higher.
    6
  15955. Wealth gap getting larger in some cities, the rich way to rich and the poor way too poor. Poorest people have nothing to loose, they are in a surviving mode its becoming like those futuristic movies where rich people isolate themself from the poor side of the town with a giant apparted wall
    6
  15956. You got a great channel no need to bring on Jack.
    6
  15957. Reducing prices and inflation in general, including housing, is exactly why the Federal Reserve began increasing interest rates earlier this year. It will work, but to what extent remains to be seen.
    6
  15958. Folks in a lot of states . Bought land put a mobile home on it . Crazy your taxes goes down every year . Cause it has wheels on it . . I know folks in Ohio that have 50 to 200 acres. And there taxes and insurance cost less than my home .. another crazy thing most mobile home owners don’t kick the can down the road for maintenance or up grades ..
    6
  15959. Keeping up with the joneses is becoming quite costly.
    6
  15960. As far as condos go I think people are turned off by the new condo laws in Florida and how it will affect dues and special assessments. I would have the same concerns. After watching your channel Florida is a nice place to visit but not to live.
    6
  15961. Great show thanks
    6
  15962. At this rate, I will never be able to afford a home here in the US. Time to start thinking about other options.
    6
  15963. Show me the pre-pandemic prices. In FL, gotta be super concerned about rising home insurance and property insurance costs to boot.
    6
  15964. excellent info and excellent delivery. I don't own a condo but if I did I would check this channel out.
    6
  15965. I appreciate you
    6
  15966. I think the only catalyst that will drive home prices down to a more normal rate are job losses. People wont move if they have a low interest rate because they cannot buy anything. If you dont have a job you cant pay the mortgage.
    6
  15967. 5% lol what a joke
    6
  15968. I always pass New Smyrna on my way to Daytona and have always wondered if I should check it out. This video was helpful, thank you! (Side note: Definitely going to try driving on the beach.)
    6
  15969. Cute little BORING town where ThelmaLou and Gladys knows everyone’s business. 👎🏻. Something tells me everyone is in a church on Sunday and nothing open. PASS.
    6
  15970. Awwwe😍God Bless your beautiful mami!!! A mama will always worry about her babies!💯😎🌴💖Thanks for sharing Michael!
    6
  15971. Building new condos on a site where a tragedy and death occured?
    6
  15972. Just had my best fiends neighbors house, that I was going to buy, but it didn’t have a garage so I declined…just got 30 offers in 48 hours WELL OVER asking. This is unreal dude. I can’t take this crap anymore. Is my generation just F’d?
    6
  15973. Gee…..Michael…..you could lose the beard and stach and a little less gray and you could be Gruesome Newsomes doppleganger….😅
    6
  15974. Man I love your topics so much! I visited Florida in 2018 and spent a week driving around 950 miles. I like the gulf side south of Sarasota area. It felt so comfortable there and like "home". Your channel is helping me prepare(atleast mentally) to get ready. Its a slow process for me but its too important to wing just yet. -From Oregon, Eugene.
    6
  15975. We can't raise taxes. The government already has so much money they are giving it away 😂😂😂😂😭😭😭😭😭
    6
  15976. Great upload, good info on Key Biscayne. I visited last December, loved that part of Miami. I explored the neighborhoods and parks. Grandon park is scenic and beautiful, I loved it. Definitely will visit again next year. Key Biscayne is more calmer than South Beach. I also loved Coral Gables and Coconut Groove.
    6
  15977. Really anywhere but the interior in my opinion. Lived here for a really long time and all cities are pretty much the same. Nice downtown areas, lots of commercial zoning on big roads, and same cookie cutter communities.
    6
  15978. But prices for food and other essentials to live haven't dropped !!!
    6
  15979. People want to come to Miami for the culture and atmosphere. But what happens when the people who created that culture and atmosphere get priced out of their own city?
    6
  15980. Amazing thumbnail! 😎
    6
  15981. Michael Bordenaro Phx hit a high of 118, and I can say the humidity factory makes it feel like your dying sometimes but dry heat is much different
    6
  15982. Really respect the way you deliver the information. NO sweet beautiful lies here.
    6
  15983. I’m near Sacramento and watch your videos since I want to move to Florida. I can’t wait to leave California! The homeless crisis, yes it is a crisis, the almost 20k released inmates don’t help, increased crime, rolling power outages, serious fires water shortages 🙄 taxes and high costs make it difficult here. My vehicle registration I just paid was $602. Someone I know just paid $1300 for his 3500 Chevy. Gas for premium is upwards to almost $5 a gallon. Thanks for all your efforts and videos! 👍🏻
    6
  15984. with all this turbulence going on in the world and economy, who would really want to buy something and be "stuck" in one particular spot? Better to be fluid and rent- and if you want an asset, buy a pristine global one such as bitcoin.
    6
  15985. I attended a virtual job fair in Chicago and there were only 10 employers there and one employer had the majority of the job openings and it was working outside!. It was quite pathetic. Luckily, I accepted a position before I attended the virtual event.
    6
  15986. I'm in the cape I had to have my house inspected twice to get new insurance. One of the inspections the done took about 100 pictures of my roof. I'm glad I now have insurance. I haven't made any claims for the hurricane United Property Casualty forced me to get someone else cause they left. Now i know they went bankrupt
    6
  15987. When a real estate agent makes a video telling you what questions to ask and what types of properties you should be very cautious about, that's a video you should probably watch two or three times, until the message sinks in. Great advice.
    6
  15988. Am on mtge servicer #4 now in 5 years. Shell game they are all playing. Whole servicing industry is toast- tits up.
    6
  15989. Michael, I was an only child so being alone is a natural thing with me as I could amuse myself. If you are not comfortable hanging with your own mind, then I think you will be needy and dependent on others.
    6
  15990. Watching from AZ!
    6
  15991. I’m in California,but love your nutty listings .I can’t believe the taxes !
    6
  15992. Hopefully these companies are forced to exit the residential market good riddance.
    6
  15993. Just seems planned. Like certain interest groups want this
    6
  15994. Try running up a Flight of stairs, you will likely notice the altitude
    6
  15995. Gonna have to see 35-45% drop to get back toncorrect levels.
    6
  15996. So Joe Biden just spends trillions of dollars & doesn’t even keep any of his humanistic promises he used to get people to vote for him during troubled times
    6
  15997. I hope houses go down 75% so I can reassess and get a break on property taxes.
    6
  15998. I plan on moving to Florida from the Pacific West Coast to get away from my family. No problem here.
    6
  15999. very nice area...thank you for the video! xoxo from jupiter farms
    6
  16000. Companies are going Bankrupt and people being laid off how can anyone be dumb enough to pay 11,000 a month crazy.
    6
  16001. Millennial are in a tough situation because if you are in a market where jobs exist that allow you to afford a house, then chances are you can't afford to buy there. If you save enough $ to purchase something, due to working in a market with good jobs, chances are you will have to move away and pray to Jesus that your company doesn't just decide that making that Remote job you landed even more Remote by sending it to India or Turkey for about 1/10th the cost. These people can work these jobs, their local markets can even allow them to afford families, buy homes etc. You cannot do this. Many of them were sold on the idea that "you will be homeless if you don't go to college! It doesn't matter what for! Companies will respect that you got educated and you will making a million dollars over your life time!" by their guidance counselors in school. This is not the case any more, employees don't give a crap about your degree because everyone else has one. So now you are just stuck w/ 60k of debt that you have to pay back as entrance to a shrinking middle class. New housing feels like it is being built everywhere no one wants to live. The future is not car dependent high energy usage and some how maintaining sprawling infrastructure. It's unsustainable. We need to build more in the cities where people's lives exist! Everything feels hyper corrupt. Nothing will change for the younger generation until the rich Boomers die. The challenge is some how stopping them from selling off the entire country before that happens in an attempt to keep their cushy life going. They don't care about you, nor do they care about the working class boomers who are struggling in this env and will most likely sell off their homes and assets instead of handing them down to their children. The medical industrial complex will make sure of that, entire life savings will go away to keep grandma alive another 5 days instead of providing a home or savings for their grand children. Hard times. However, you never know, there is always opportunity if you are lucky and smart.
    6
  16002. at one point you have to pay down 100%, or with interest ... 200%
    6
  16003. I will never get married again ... My bank account got crushed in the divorce
    6
  16004. As a single man F those tax credits
    6
  16005. I'd be extremely interested in a video about places you can buy (condos or homes) that are a 10 minute maximum WALKING distance from the beach. Thanks!
    6
  16006. Robin Williams' 1990s movie "Mrs Doubtfire" gave SF a nice vibe. Even older movies like "Vertigo" & TV shows like "Streets of SF" did the same thing. Decades later, the city across the bay from you is going through dark times. Vlogger Dan of I Allegedly pulls no punches about how LA is experiencing the same thing. Mike of the YT vlog German in Venice posted a vid yesterday showing a crime in Beverly Hills he was able to capture on camera. With all the dystopia throughout Ca, if its ridiculously inflated housing prices don't come way down as part of that, then the next several yrs will be really crooked
    6
  16007. A lot of smart people don't want to live in California anymore.
    6
  16008. I appreciate your honesty and putting your life on here. It’s seems like you’ve grown out of Miami and are eager for a change. What would be your #1 place to move to?
    6
  16009. Im semi retired. I own a small house in North Carolina - outright, but I rent here in Massachusetts. I have a couple of things to do before I put it on the market, and plan to rent for the rest of my life. There are way too many hidden expenses in owning - especially for those with a mortgage.
    6
  16010.  @MichaelBordenaro  same with cars
    6
  16011. Is it possible they didn't want to rent it out so they overpriced it? You could set up your own LLC, buy a second property as a "rental property" and write home repairs and remodeling off on your taxes. Taxes can be combined with earned income from another job, filing jointly with a spouse. Is this what could be happening?
    6
  16012. Charter boat video would be awesome !
    6
  16013. Merry Christmas!
    6
  16014. Well I'm saying this and remember this, it will all fail, people are too greedy, and greed is one of the 7 deadly sins, that house is not worth more then 230k at the most, its been lived in andyou have too fix it up and keep it up , better buy wholesale, or you'll be loosing money usa is falling down people better wake up, and smell the coffee, Amen
    6
  16015. Exact same thing happening in Phoenix and most are not remodeling homes! It’s crazy.
    6
  16016. Gee God knows how much I need that!!! Greetings from Buenos Aires
    6
  16017.  @MichaelBordenaro  , I think I will. And buy me a beach house on St George Island or something along the Forgotten Coast.
    6
  16018. Great video and love the walking tour!!
    6
  16019. Yurts are easy to put up. If they get destroyed, they don't cost as much as a house to replace.
    6
  16020. We sold our home in February, glad we did before the interest rates are climbing. I'll be back when the housing market crashes.
    6
  16021. Excellent video Mike. You’ve given me a lot to think about. I have been contemplating the condo life within the next 3 to 5 years but this is really changing my mind. Also, on the conspiracy theorist side, it makes me wonder if there were some people in that building that some powers that be wanted gone. Just a thought.
    6
  16022. You are right, Home pricers are never going to come to 2019 level. , If they do that is a crash of 50%. Also people should realize home prices in 2019 were inflated to begin with.
    6
  16023. Great content. We make 7x our expenses and live like minimalists and love the unburdened lifestyle.
    6
  16024. Haven’t really thought about any of these cons except the underwater one. Scary to think about
    6
  16025. It looks and feels like something is destroying our country but the very worse part is it looks like people are not going to do anything about it. Just got back into the country that I defended but I'm considering going again. I love your vibe contributing to a much needed world. Thank you!
    6
  16026. I am actually typing this from the airplane as I fly back from West Palm to Westchester NY. I flew in yesterday for a house inspection. We made an offer sight unseen in Jupiter Farms. Luckily it worked out and I loved the house when I first saw it in person yesterday. The house was on the market for 1 day and we made an offer. I got it at ask. Cheaper home for the area. Been looking for about 6 months. I’ll be splitting my time between Florida and NY but keeping the NY home in case I do not like Florida. My voice is no longer heard in NY so time to explore options. I should be closing end of June.
    6
  16027. "Mike, it's time for school!"
    6
  16028. The LCD license plates have been around for a few years. I started seeing them in 2019 and it's basically a flex for wealthy type people. As far as I understand, they cost about $800. They tout that the display can change on demand and display STOLEN, KIDNAPPED or any other emergency message across the LCD screen.
    6
  16029. Agreed! Here in Maine they clearcut to put up solar panels. Screw the birds, trees, wildlife. They could use a generator powered by gas to charge their EV cars. California grid can’t handle the present power demands.
    6
  16030. Come on, Michael, I'd bet most of your viewers can't even afford to WALK through that neighborhood, much less buy a home there. I'm in Pinellas, in a 60-year-old house (made of block), in Flood Zone X (which for those not in the know means "Not a flood zone"), in a normal neighborhood and is worth about $300k, plus or minus. Our taxes are about $1,200/year, the insurance is about $3,000/year, just renewed with a $6/mo increase, and I think is more reflective of the real world most of us live in. Or, maybe I'm the token poor guy viewer LOL. Oh, the insurance did basically extort us into a new roof, BUT... They were right insofar as it really did need it. But, token poor guy or not, you're not even close to "regular person" neighborhoods or houses, we don't all live in $1,000,000 and WAY up homes, in Miami or Miami Beach, who have NFL salaries.
    6
  16031. Thanks Michael.
    6
  16032. What are the most affordable bur preety places in Florida?
    6
  16033. You should charge extra money from your followers for this valuable information bro :) definetly the best comparison. Thanks a lot greetings from Turkey
    6
  16034. My offer was excepted today. The condo is a 2 bedroom, two and a half bath. The asking price was 319.5 K. I got it for 308K. It had been on the market for five days. My cash offer was accepted. The other offer of 315K was declined. It’s off A1A across the street from the beach on the Space Coast. I did good.
    6
  16035. What the people you are hearing from are forgetting is that day when the owners says “hey you’ve got to go”. I’ve seen it happen time after time. You can be on your little travel gig all you want. The owner can push you out & away at any time even on your trip. It’s their place not yours. Always remember that. They’ll eventually realize having a home base in the baseball game of life is super important.
    6
  16036. You can retire off of 2 million dollars dividends and never work a minute again ... People are fucking nuts for asking and paying those insane prices, it's much better to live somewhere affordable and travel with your dividends much cheaper and better unless you truly enjoy working to death
    6
  16037. Hey Michael, I went to two open house yesterday and boy how times have changed. A few months ago, there would be a zillion people at the open house and now, just barely a few and most are just nosy neighbors like myself. LOL I think these people have missed the boat on listing their homes and doesn't matter how cheesy the staging are, they aren't moving at this point. I equate cheesy staging as putting lipstick on the pig. he he
    6
  16038. I saw a house listed that needed work. According to its price history, the seller bought it for 25% of the asking price two years ago and did no upgrades, structural or cosmetic to it. In fact, it's been vacant for two years. The realtor: "The seller is very firm on the price because this is a hot market." Yeah, I want to pay you four times what you did for the house because my hobby is hitting myself repeatedly in the head with a brick.
    6
  16039. Pennies on the Dollar in 18 month's.......
    6
  16040. I'm thinking about selling inflation insurance and having Mike O Leary oversee the company. My attempt at being funny .
    6
  16041. "now is a great time to buy real estate- get in on these deals before they are gone!" "The national debt of 31 trillion is actually good debt and good for the economy," "buy the dip because markets are going to the moon when the fed pivots in spring since inflation will be gone by then." These liars are just too tricky for the desperate..........
    6
  16042. Cheaper to rent is an understatement. My rent is about 20% more than what my monthly escrow (taxes and insurance) would be if I bought again in my part of Florida. That cost does not take into account the interest. Even if I paid cash for a house, I would still be paying almost as much to live in a “paid off” home as I do to rent. Buying a primary residence no longer makes financial sense to me. There are certainly other arguments to be made for buying your primary residence, but finances aren’t one of them.
    6
  16043. What happens if you can't sell your house for more than you bought it for if you have a mortgage?
    6
  16044. You can't always win when you gamble with your money or time.
    6
  16045. Thanks Michael and Hello to your Dad!!
    6
  16046. WHAT!! My bank is gonna move my money to other banks! at their discretion! I smell a scam.
    6
  16047. The fed fight inflation by printing more money 💰 😅 Doesn't make any sense The money 💰 you printed The higher inflation 😱
    6
  16048. Michael, while watching this video, an ad played from Rocket Mortgage promoting home equity lines of credit.
    6
  16049. Thank you Michael 😊❗️ You always have the BEST information on all things financial and especially Real Estate.
    6
  16050. Damn, not a single house for sale
    6
  16051. Michael, the problem with raising interest rates is that the US is already adding a trillion dollars of debt every 100 days. The higher the interest rate the more the debt payment. We are caught between a rock and a hard spot.
    6
  16052. I love USA and grateful for the opportunities, safety and freedom this country has to offer. Thank you Michael!
    6
  16053. These are perilous times. I myself am finding out I have to just suck it up and deal. I have a boundary that I will not cross with regard to the type of job I don’t want to do,but there is never a bouquet every day on your desk. There’s a measure of freedom having that boundary.
    6
  16054. Texas Roadhouse might be one of the few restaurants that I've seen their parking lots constantly busy and full. They only raise their prices gradually and not so abruptly like the fast food companies. I started buying Texas Roadhouse back in 2021 and I'm glad I got in for as cheap as $75 per share because now they are hitting all time highs in the $160s. Great company, well managed, a light in the economy? Hopefully.
    6
  16055. Yes I wanna move to Orlando please Florida lower your price’s
    6
  16056. Michael, did you move to California?😁❤
    6
  16057. There's a lot of issues right now and the cracks that have started to form will only get worse. One of the biggest reasons some people are thinking the FED is about to pivot, or potentially cut in the next 3-5 months is that the Bond market is screaming at the FED that they've tightened wayyyy too much, too fast. The yield curve has inverted deeply and has been right for the last 10 recessions when it inverts. So, the Bond market is in some big big trouble right now and will destroy America if the FED doesn't react soon to avert a collaspe
    6
  16058. Yes! Life in the real world is the only way to live!
    6
  16059. One of the reasons why the Miami real estate market has been resilient and flush with cash deals is the following: if you were to ask the average European or Asian to draw a map of the East Coast of the United States and list whatever cities they know, there would be only 2 or 3 cities – for sure, New York City and Miami, and perhaps Washington DC. To the foreigner, there is no Boston, Raleigh, Atlanta, Tampa etc. So where are they going to go invest? New York City or Miami. They've seen these 2 cities in the movie, they are world-class cities and so the world-class money will invest in the cities. On the West Coast, Los Angeles, San Francisco and Vancouver would be similar types of cities. It would be the same as if we were to look at China, for example. I know Beijing and Shanghai. I have no clue about any other city, so I would go to one of these 2 cities as a foreigner. And on and on and so on and so forth. Of course, you would have to be insane to want to do anything in China right now! But you get the point.
    6
  16060. Florida beaches for me are hands down better than west coast / California. South Carolina beaches are beautiful as well .
    6
  16061. Totally agree with you people want the answers without having to do any of the work for themselves that is totally wrong
    6
  16062. I don't like what I'm seeing in this economy I think we have an Ocean gate problem
    6
  16063. you may want to discuss the lady bird trust/deed only available in 4 states fla being one of them, pros and cons
    6
  16064. Great show.
    6
  16065. Its not a "change of mind". Its mostly about doing layoffs on the cheap.
    6
  16066. LOL - Michael the same thing happened in the 1990s in during the great California recession, in fact this happens everytime the economy slows. My dad gave a $200K 2nd trust deed to an attorney and after paying for 6 months, the shyster stopped paying. My dad sued and got his money back 8 years later; turns out this was the 4th time the shyster attlrney had pulled the same scam. Seller beware, don't finance a buyer especially if you have to pay tax on the sale.
    6
  16067. The thing that will likely significantly cut CA home prices is if the economy of the state crashes big time causing millions of people to flee to other states.
    6
  16068. This hits home and hits to all men out there. Women require this lifestyle out of you. It's toxic and promotes bad people. And bad people steal. Steal from the poor so that they can deliver on what women want. Its a discusting cycle. This is why most men are single and struggle to make ends meet. Great video topic my friend!
    6
  16069. I’m a 17 year old kid, and this would be something I would love to do when I get in my 20s. It will be hard to move away from family, but this is me, and I’m going to follow my dreams :)
    6
  16070. Michael Bordenaro thank you! crime isn't that bad as people think, it's basically every state/country.
    6
  16071. Once I heard about the CBDC back in 2020 and the desire to abolish cash I have been paying cash wherever possible. I knew something was off with what seemed like a deliberate shortage in coins during 2020. It was a test to push people to digital spending as was the push for contactless payments. Also, many businesses in Austin are pushing cashless for the fraudulent claim of safety (money is spreading disease).
    6
  16072. After living in the country without neighbors for years I don’t think I’d pay anything to live that close to all those other people.
    6
  16073. Michael, great synopsis on cost of living in Florida. Well done video.
    6
  16074. So now, you can't even take a nap in a park?
    6
  16075. I am getting money back from my taxes and it’s close to $700 and I will use it to pay off my debt .
    6
  16076. Never give up ^^
    6
  16077. Push the interest rates up to 17% for the next 3 years like the 1970's......
    6
  16078. My city in se usa is using code enforcement to shut down older hotels that house a lot of low income people full time. They are literally leaving there with a shopping cart full of their things. The city is blaming the owners for not having connected fire alarms and other "unsanitary conditions" and saying the owners have to foot the bill to tear down the place if they don't update their systems. One hotel after another after another.
    6
  16079. Thanks for the info moving from NC to Bradenton in May
    6
  16080. I haven't had a mortgage payment for 17 yrs and I'm 56. At this point I think I'd buy a Sprinter van and live in it and hang out on the pch in San Diego. Golfing tomorrow! Timmy C Arizona
    6
  16081. Dont sellers have to disclose major problems in the listing? I guess there could always be surprise repairs. Good video !
    6
  16082. Been there a few times...the island has a lot of Coachwhip snakes 🐍. I love Caladesi Island 🏝
    6
  16083. I'm living this hell at the moment. I've been in contact with landlords all month, just to have doors closed in my face. I'm a 40 year old mature student, 700s credit score, substantial savings, good references, and am virtually debt free. I've even offered to pay several months up front, but nothing doing. A truly illogical mindset.
    6
  16084. Very interesting! Yes, Please do more Michael. Thank you
    6
  16085. Just announced - Blackrock is reserving $75 billion to purchase residential homes next year. They see a soft market to exploit.
    6
  16086. The homes are being hyperinflated... The insurance needs to catch up in order to cover any claims. Do the math insurance needs to rise 1000% maybe more
    6
  16087. First! Hi Michael 👋 love your videos!
    6
  16088. Dig your channel , I enjoy the walking tours!
    6
  16089. Love the information you provide in all your videos! You cover not just concerns in Florida, but elsewhere in the US. Thanks for all the work you put into your videos!!
    6
  16090. love the negative anxiety filled titles :)
    6
  16091. So many people regret buying.... :face-purple-sweating::face-purple-sweating::face-purple-sweating:Glad we waited!! :text-green-game-over::text-green-game-over::text-green-game-over::text-green-game-over::text-green-game-over:
    6
  16092. LOL 1.2 Million for a piece of burnt bacon. That was a good one! The former CEO of Home Depot said we are going to see bankruptcies like we've never seen before. Happy Saturday Michael, Thank You!
    6
  16093. In Massachusetts, two towns denied public buses access because they didn’t want people coming into town who did not own their own cars. No one from Boston who was just coming through to see their sister or their aunt. Lincoln, Massachusetts and I think Concord did that too. They are neighbors to Lincoln.
    6
  16094. All the beaches along Brevard County have been replenished with offshore sand (and, I believe, trucked-in sand) a few times over the past 20 years, most recently w/i the past 3 or 4 years. There were some complaints that some of the new sand was not natural to the area.
    6
  16095. 🤣everbody's got this prejudice against flip flops
    6
  16096. I thought surveys are pretty standard before closing.
    6
  16097. HERE IN CALIFORNIA PRICES ARE NOT COMING DOWN
    6
  16098. Very insightful videos you have been putting out....
    6
  16099.  @kendrastevens5452  You need a nice down payment to put down on whatever you buy. That and no debt and you should be able to afford more then you thought
    6
  16100. Evacuation are a bad idea that's when thieves rob your home. Michael and that's why I told you in a few videos back Florida maybe nice but I prefer the woods. You can keep the gators, lizards, snakes of Florida and the storms. I really don't know how the elderly take it there. My brother lives there and drives a school bus he's retired from law enforcement he said he still alive and the storm has not hit. Good luck!
    6
  16101. The days of being stupid as a rock and making money in RE are over.
    6
  16102. 2 million $$$$$$$ home with 400$ window AC'S in Miami is precious 😂
    6
  16103. Was hoping to buy Q1 2023. Now considering Q3 2023. Thank you for great content 👏 👍
    6
  16104. Ha! New to you maybe!? But I have suffered and had to endure all the above for many years. No more. No more over night 'house guests', (house mates) and no more rental properties! I'm done. And guess what, life is good!
    6
  16105. Our economic system is a complete joke...
    6
  16106. I’m not a “move every couple of years” person. But, I am in the - hate the neighborhood/house - O M G why did I buy this house category right now. I’m going to wait and see what happens within the next few months to make a decision. 2.125% on a 15 yr fixed with 40% down helps. Sometimes you just have to make the best of what you have. 🤷‍♀️ In the meantime I’ll pay off my credit cards, and give my house a mini facelift. 😂 Thank you for sharing your expertise Michael. ❤️❤️
    6
  16107. Great video Micheal.
    6
  16108. I love that you managed to end it optimistically with bright plans for the future ❤ sending good vibes
    6
  16109. How do institutional buyers overpay in cash for new construction communities? Cheap money. What creates inflation? A bunch of cheap money. Who creates the cheap money? The FED. Who comprises the FED? A bunch of wall street bankers. Is it a wonder why this is happening to main street?
    6
  16110. Im surprised they didn't arrest Michael just for walking through that ritzy neighborhood. 😂😂😂
    6
  16111. I bought my car for 29k in 2018, my gf bought the same car this year for 52k. So glad my car is paid off. I love my car. Also her car insurance is 200% higher than mine.
    6
  16112. great video. im the same way i love just being out side.
    6
  16113. My wife and I have been doing the snowbird thing for over 20 years. I was 41 when I figured out I could do my job with a laptop on the beach. We've been all over the state -quite a bit of it on a small boat. My only big objection to your list is Orlando. We'll drive 50 miles out of our way to avoid it. Not a fan of the mouse. St. A is near the top of our list too. The Keys are fun, but it's harder and harder to live there.
    6
  16114. Congrats on 200,000+ subscribers!
    6
  16115. Another great video/location/narration. Great job!!
    6
  16116. Now that Yellen says the new default is June 5th, I'm still sticking to my opinion..the US will never default. They will kick the can down the proverbial road....
    6
  16117. Really enjoyed this video a lot Michael. Being a small town girl from the Mtns of W North Carolina I find the area where I now live for the last 2 1/2 years (W Palm area ) a bit overwhelming at times especially traffic lol. This particular video was more up my alley so to speak. With my family living in St. Pete I enjoy visiting there very much. Perhaps it is just me but I find people there to be a bit more friendly and welcoming. Wonderful job, once again! Enjoying your channel very much. 💜
    6
  16118. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for showing us a different background. Love your channel. This entire world is going insane. Blessings, Carlos
    6
  16119. Glad I bought my condo cash last February!
    6
  16120. Can't believe Miami home prices. Higher than Monterey, Ca!
    6
  16121. I’m waiting for the crash of everything haha so I can finally afford to buy in San Diego … well maybe lol
    6
  16122. 79 deg and overcast on Miami Beach and 76 deg and sunny on Pensacola Beach today at 12:00 noon. So, not much temp difference today but nighttime will be cooler in PB, and several winter days in the 30s, even brief light snowflakes every few years. PB is on my short list for my ultimate retirement destination.
    6
  16123. Good video Michael, as always. 👍🏻
    6
  16124. If we really care about the environment, remote work should be the new norm. Who wants to waste their life commuting anyways.
    6
  16125. Perhaps you can work your way north along Collins and show us Surfside, Sunny Isles, and then give us a tour of Aventura. These are all places I’m considering moving to. Thanks!
    6
  16126. I sold my house in Vegas on May 12. It has already dropped $75k/10%. The houses here in Georgia have dropped 10%. The price reductions are real already. I was fortunate enough to keep 70% of the sales price in my pocket,so I am a cash buyer and don't care about rates. The prices will drop faster than we think...
    6
  16127. Wondering about West Palm Beach (specifically Lake Worth & Lake Park).
    6
  16128. Hoping to relocate from PA to FL next year and hoping the rental prices will “normalize”
    6
  16129. Arizona is not cheap to rent. Unless you want to live in a dump. Just sayin, I have 2 family members who rent and both of the complexes have raised the rent another 500 dollars they are at the end of their lease! That’s 2200 for a 2 bedroom going up to 2700. I’m a native.. Arizona is wrecked from the influx from Cali. Period.
    6
  16130. For the algorithm.
    6
  16131. Good for you for telling it like it is in the Real Estate Sales business.
    6
  16132. That’s true that there are also problems in its own when you live abroad, we just came back from Asian country, we tried to live there for good but there are so much things we don’t like and we can’t tolerate anymore ,that is why we came back in states.
    6
  16133. I feel so lucky I bought a House on a half acre off SR-16 by A1A...It’s an older neighborhood...Super Cool people here..St Augustine is the Diamond in the ruff...The culture is a cosmopolitan demographic...Laid back with so much around you..I’ve been all over Florida...St Augustine is the bomb to live...Good luck on your venture..👍😎😎
    6
  16134. Really enjoyed the news on the archaeology of Miami and the threatening developement. Thank you.
    6
  16135. Michael you should warn people that you have a whats up app imposter posting as you and I guess its a type of scam Unless it really is you but its happening on lots of channels and I don't hear others explain it other then don't call them because it's a scam 🤔
    6
  16136. Good one today Michael. If people can hold out another 6-8 mos they will have their pick. Please do another Florida state of the housing market soon cause I am getting conflicting info. Thx.!
    6
  16137. I love that "crappy" house! Love that it is one story, and sort of a Spanish ranch style. Love the brick driveway too! It just needs some love and cleaning up! 🙂
    6
  16138. Michael thank you for your videos man. You make so much sense and your explanations are simple and to the point. Right now I am struggling to see if I should buy or rent in Sarasota. Given the fact that my wife and I will be living in Europe 5 months out of the year, condos make sense but you can get such nice houses for the same price, more space and we do have two cars (one being my weekend toy, 2011 Porsche 911S) that I like to have a garage for. The convenience however of locking up your condo and not really having to worry about it for 5 months (and those are going to be the summer months) is huge. Decisions, decisions.
    6
  16139. If I were to give Travis advice buying a home in Texas it would be don’t. I moved to Fort Worth in 2007 and fell for the fomo. Bought a home for $145k. Builder went bust. Bought a closeout condo in 2009. Didn’t want to stay in the first house. Sold it for $113k. Hooray! Lost about $40k in two years. Fast forward to 2013, I refinanced the mortgage on the condo I bought for $180k in 2009. It assessed for $140. PMI of $75 per month to refi for about 4 years. I sold that condo in 2019 for $199k. Just enough to break even more or less. If I were Travis it may be worth looking at one of the neighboring states. I almost bought in Arkansas but already had my Albuquerque property and moved to it after the 2020 madness. I suspect he has family nearby making the choice of a long distance move undesirable. But Texas real estate to me is a big loser.
    6
  16140. If you could differentiate different beachside communities that would be awesome. For example, beachside communities that have lots of shops/coffee/restaurants/other retail like you see in Miami vs the more sleepy type of communities that just have beachside housing and not much going on. Enjoy your trip. Should be a blast.
    6
  16141. Student loans being repaid soon should help out the banks a little with their liquidity issues.
    6
  16142. Hi, great video. I have a question, what if I wish to buy a home in full, do I still need to find a mortgage broker?
    6
  16143. There are Tax consequences to Student Loan forgiveness. Will this be a cancellation of debt forgiveness? Thise means you have to pay income tax on personal debt forgiveness. 20K forgiveness means if your tax rate is 20% you have to pay 4,000 income tax. Will they lift the COD rules?
    6
  16144. All very good points, I spent two years in Deerfield Bch when I was young and married to my first wife. I was at the beach 3 to 4 times a week even for an hour or two after work. I never got tired of it. Moved back north because of wife, she missed her family. I should have divorced her and stayed in Florida. I will be back in 3 years, taking an early retirement and will be living in a 55 plus community near Tampa. Can’t wait to get back to the sunshine state.
    6
  16145. Did you see the little gator in the lake around minute 4?
    6
  16146. Doesn't surprise me at all.
    6
  16147. Definitely not worth that money
    6
  16148. Hi, Randall, here again. I'm still watching your videos. This is an interesting one. I think each market will be unique. In terms of south Florida, I think you are going to still see the high demand and there will be cash buyers as folks sell their homes in order to move. Plus, the pandemic has changed the dynamic of where people have to work and live. Many folks can live anywhere now and still work the same job. Plus, there are all the boomers retiring. If my wife could do the same as me, we would continue to work a few more years and move to Florida. If you can work anywhere, you might as well be in your dream location or the place that makes the best sense for you. Florida has alot going for it, from my point of view. I see demand holding steady or dropping slightly, but not enough to offset the prices in certain areas. People for many reasons want to be in Florida, especially the climate and access to an active lifestyle with many things to do. I would like to see prices drop in south Florida; however, I don't think they will. I'm not priced out of all of Florida, but the prices have increased where I would have to make a compromise on location. Excellent video topic and great insight on your part. Keep them coming.
    6
  16149. Michael are you not going to mention anything about the .25% mortgage rate hike, the Fed just announced!!! 2 hours ago!
    6
  16150. Nothing like the east coast of Florida though !
    6
  16151. I’ve lived in San Francisco my whole life and visited Florida many times. I prefer the So cal weather because SF is too damn cold. I’m almost opposite of the things you mentioned lol. I’m in to the Latin scene and would rather trade Mexican music you hear in Cali for salsa in Miami. I dislike leaving the house needing different outfits because of the weather change. Yambo is one of the restaurants I go to when in Miami a whole plate of steak mixed is $9 I guess knowing Spanish helps tho. Thanks for video this makes me want to get out of SF even more lol
    6
  16152. Thank you for not wearing a mask.
    6
  16153. Average rent in Ohio rural area is between 600 and 1000 bucks a month .. i I got a 3 bed 2 full baths 2 stories a 2 car garage out building asking 850 a month can’t rent it …
    6
  16154. When have insurance policy premiums ever gone down?
    6
  16155. I don’t believe anything anyone tells me…
    6
  16156. Realtor & Truck Driver in Southern California. I can confirm that the overhead maintaining a house is one of the biggest expenses to navigate + save for. Well issues , Septic, Roof leaks, Water heaters, Windows leaking air and not being sealed anymore electrical panels and breakers going. Never under estimate the work needed done to keep up a home! Always ask for termite inspection please 🤠
    6
  16157. The percentage talk is well said. In my eyes, the time to buy is 20-25% down from peak. This is possible in the west by early summer.
    6
  16158. What about being into the real estate business, does not knowing Spanish give you drawbacks?
    6
  16159. TGIF 🥇
    6
  16160. nice to see a mall thats is not dead
    6
  16161. Great info. This is just the 1st inning. Watch banks start layoffs. And gov.keep hiring.Thank you
    6
  16162. Manu home community called jamaica bay in ft myers charges $1200 a month in land rent and other fees
    6
  16163. as long as you avoid a HOA that always rises and high property tax states and insurance
    6
  16164. I thought of West Palm Beach because of relatively cheap real estate prices, plus it is affordable and only an hour away from Miami. It is definitely better than anywhere in the garbage state of New York.
    6
  16165. Even the areas that are "flourishing" home wise, often are only doing so because of outside money. They raise the price of real estate higher than the old locals can afford. Eventually, when there is no more new money from the outside coming in, prices slide back to the median. That is what we are going to see in a lot of these growth states. You are already seeing it in Tennessee.
    6
  16166. Michael, I recently subscribed to your channel and really enjoy watching you take your walks in my hometown. I know it's hard for a lot of people to fathom, but Miami used to be, in the recent past, an affordable place to live. I grew up there from the early 70s all the way through college in the early 90s and, back then, $70K would get you a nice house. That's the single biggest reason why so many people of immigrant background, but who've been in the US since the 90s at least, are able to own their houses outright in one of the most expensive real estate markets in the world. Anyways, that kind of started to change with the advent of Miami Vice, which started showing the quality of life in South Florida to basically the entire world. Keep up the good work.
    6
  16167. You are up in our hood!! I HIGHLY recommend you take a stroll in Palos Verdes Estates- aka Lunada Bay! Just down at the bottom of the hill! Look up St. Honore Cafe, park there and walk down Yarmouth Rd towards the water and wind your way through all the streets! Also! Try the Point Vicente Bluffs Reserve Terrace Trail! All off the above is about 5-7 minutes from where you are. Keep up the great vids!!!!!
    6
  16168. I've been planning on moving to the Panhandle for years...... But I have noticed that hurricane routes have changed in the last 10 years... From the usual Atlantic Coast path, to now all going into the Gulf area.
    6
  16169. You are so in point… was in a Realtor meeting last week and the word on the curb was, “things are getting better, homes are going to sell quicker, buyers are encouraged because less competition, etc. etc. et. Absolute craziness. Everyone buying into that narrative is signing up for trouble trouble! Everyone is fibbing and leaving lot of pertinent info out. 🤥 is the key word.
    6
  16170. Michael! Bugs in Florida? Couldn't be. Sent from Saint Petersburg, FL. 😉
    6
  16171. Michael, where on the east coast (maybe Palm Beach county) is a good place for a golf fitness professional?
    6
  16172. I'd rather rob myself than have the market rob me
    6
  16173. It sounds to me like NYC is caving to the hotel lobby. There's all the empty housing in the city from everyone fleeing the crime and the tyrannical city government, and landlords and leasers are trying to fill that space up anyway they can---including with tourists and business travelers. The loss-in-business to hotels must be devastating. You can bet they are letting City Hall know about it.
    6
  16174. My favorite Florida 💯❣️
    6
  16175. With these home prices and the current mess, I don't think my VA loan will ever get used. If they had a policy to donate it to someone, I would put it in my will to donate it to someone deserving of it.
    6
  16176. This topic is so interesting because people who believe there will be a crash or correction or downturn cannot be convinced otherwise and vice versa. The stubborn people who think there won’t be, ain’t budging either. Trying to give advice to a homeowner who doesn’t believe the market is turning or has turned unfortunately, mute Same deal with agents (like your boy Jeb). It will take the markets dropping before he will actually say it happened lol until then, the only number that matter is inventory. Nothing else matters. Not inflation. Not price cuts. Not low mortgage application. Not the Feds raising rates. Not the decrease in sales... No leading indicators matters cause they won’t say it happened until it happened
    6
  16177. I love Miami Beach. We would have a long layover & would head to South Beach, pay $25 for a day pass at a small art deco hotel & just hang by the pool & beach. Sometimes we would go to Nikki Beach for which I just have such a soft spot. We bought in Hollywood now & even there you can walk everywhere which for us is huge. Florida is one big theme park for grown ups.
    6
  16178. You should do a video on I/O loans. I believe it is First Republic (could be mistaken about the exact bank) that owns 100 billion dollars worth of Interest Only loans secured by Hampton's real estate. I found that mind blowing. From what I can tell these I/O loans had extremely low rates- like 1.5%.. so you could borrow nearly 10 million dollars for around $12,000 per month.. I get that 12K a month is still a lot of money but not really considering a 1 million dollar conventional mortgage is over 4K a month even when rates were lower.. These insane I/O loans allowed doctors, lawyers etc that make nice money in NYC go to the Hamptons and buy extremely expensive vacation homes. Now I will say there is typically a 20% downpayment but still.. the amount of debt in the system is immense. What happens when the mortgages reset in 2, 3 or 7 years?
    6
  16179. These videos really give you a feel for the area. I'd love to see more videos like this. Thanks!!! Happy Birthday!
    6
  16180. Keep up the good work Mike, love your honesty and the truth, God bless and thanks!!!
    6
  16181. So glad you got to spend time with your grandpa. I hope you and Lisi will get to go over and visit more often. 😊
    6
  16182. Love all your videos Michael 👍🏻Thanks again 😊
    6
  16183. Nice job,,,some of the HOA fees are outrageous,,,,,some areas nickel and dime you to death,,,let alone property taxes all over the board,,,Cedar Key had some decent deals under 200k
    6
  16184. Lol I’ve got a bigger cabin in my garden than that house
    6
  16185. The cost of living's pretty high, no? Property taxes like in yankeeland? And most of the state's also a hurricane or tornado waiting to happen?
    6
  16186. I’ve owned in an HOA community and it absolutely SUCKS!!! Every other month they tried fining me for something invalid and always had to fight them. Glad I sold that problem property.
    6
  16187. Always like your content and your delivery, really good .
    6
  16188. You poor Floridians huffing & puffing on hills -lol. I'm curious as to where that is. You might not want to give your location, but a ball park at least would be nice; not sure if it's Northern or Southern or in-between. Michael, you also are looking more surfer dude. Your hair looks blonde & you have that "no worries" look. Maybe CA suits you.
    6
  16189. Yeah if they're down to the point of reducing payroll to save money their business is going under
    6
  16190. It's almost like corporations only care about their profit and reducing the number of employees working is the easiest way to increase the quarters numbers.... Who would have thought.
    6
  16191. 8-12% lmfaoo bro my house appreciated like 40% in the last year. The market is disgustingly high right now for whatever reason.
    6
  16192. All parties involved in the insurance are to blame from the roof manufacturers who say the roof is warrantied for a certain amount of time. The people who want to take advantage of the insurance companies. The insurance companies who don't digitally try to fight a false claim
    6
  16193. These are great videos and very helpful. Im glad you started putting the location from a map perspective as this gives it a real type feel and makes the experience so user friendly so to speak. Thanks again!
    6
  16194. Leverage is the key. It's great when everything is going up, but it magnifies the losses when going down also.
    6
  16195. You can get a loan to buy property if you put down a large amount of money.
    6
  16196. He deserves hazard pay for even driving there.
    6
  16197. Would like to see prices between $ 700000 to $ 1000000
    6
  16198. Thank you for an Honest and Objective analysis of the current R/E Market.....I think condx. are going to change fast ( Fomo changes to PLMO ( please let me out))....Terrific video !
    6
  16199. My guess regarding the condo association where a 100% vote was needed to see to a developer, is that that rule was in the declaration, rather than the bylaws, but I suppose some bylaws might require a unanimous vote. Most only require more than 50%.
    6
  16200. Even if prices plummet, rich investors will swoop in and buy everything. There will be no more home ownership for the average man in America.
    6
  16201. Cash buyer hear in az i don't care about interest rates i care about bottom line.
    6
  16202. All those Self-Checkouts were a real clever idea. 😏
    6
  16203. They forgot to add the oxygen you breathe, fee.
    6
  16204. I personally prepped like crazy and spent a lot of money the last 2 yrs. Now I only need food which isn’t much as I’m single. So now I’m saving again and storing nuts.
    6
  16205. Sage advice. Those listings were nutz.
    6
  16206. Hey Michael. Florida home Insurance is crazy. Just got my renewal notice. I'm in central Florida in the Villages Florida. My renewal was 9,000.00 for a 700,000 home. How crazy is that! It included sink hole insurance but that price is crazy. It has doubled since last year.
    6
  16207. I feel like FOMO has alot more power than The Fed at this point.
    6
  16208. Where's the data regarding the student loan forgiveness that you mentioned? Thanks in advance Michael!
    6
  16209. BTW, we were scouting out Florida in mid February. St. Augustine restaurants had lines a city block long with an hour and half wait times. In mid-February, y'all. 😶 That was not even on Valentine's Day or the weekend. That town is beautiful though. Super friendly too.
    6
  16210. I work remotely in Technology, and will never go back to a cubicle or office life.
    6
  16211. So foreclosed homes originally owned by investors get sold in blocks at a large discount to… other investors. Cool.
    6
  16212. Everything is fake
    6
  16213. The market will crash eventually. Also you could live in Jacksonville. You wouldn't notice if you work all the time. I love St. Augustine though it's the best just going to rent until the market levels out.
    6
  16214. The one area where I think was wrong was taxes will not be raised because of student loan debt forgiveness… that I think after you research you may want to correct that statement. Research what happen with PPE loans and that forgiveness…. No one complained about that debt forgiveness! This is a great thing… I went to college in my career and salary prospered because of college… Education is always a wonderful thing… It just needs to be made more affordable for future generations!
    6
  16215. Michael....open an Etrade account and set up a portfolio account checking account and Premium savings accout....the premium savings account is paying 2.75%....my portfolio account is down about 35% which is fine because I'll buy into the stocks I have that are down a lot....I'm starting this month to put money into the savings so I can pull the trigger on bargains like I did during the pandemic....
    6
  16216. I know of a lot of folks from the Northeast heading to Tampa I am one of them! This was more of a con for the west coast and pro for the east coast of FLA video lol
    6
  16217. Hey! I'm planning on moving from Kansas to Florida by 2022. I will have 20k saved up. And I have a car payment thats $120 a month.
    6
  16218. Millionaires should be able to retire if they are willing to cut back on lifestyle. Is it worth keeping up that expensive way of living?
    6
  16219. Miami traffic is awful. BOTTLENECK
    6
  16220. Yes Citibank is a good choice for a credit card. If you ever have a fraudulent charge, you identify the transaction on your account via their website. They immediately credit your account and start investigating the issue.
    6
  16221. If we listed our house for far above market value because we were still delusional that it was a sellers market but we haven’t gotten any showing, how soon should we reduce the price without throwing up red flags to buyers?
    6
  16222. That's why I decided to retire in AZ. I don't worry about hurricanes. Flash floods at best.
    6
  16223. The 07', 08 debacle took 4 years to bottom. Patience if you want the best deal.
    6
  16224. The US economy was held together with spit and tape before the pandemic. The pandemic broke the tape and everything crumbled at once. 40 years of Reganomics and NeoLiberal policies have brought us to this late-stage capitalism hellscape. It really can’t get much worse without people finally rising up in revolt. Everywhere I look i see people who have nothing left, while a corporate media tries to tells us everything is great; while bought and paid for corporate politicians on both sides of the aisle try and tell us they are working for us…no one believes it anymore, too many are hurting now…everyone is hurting too much and the shared experience of the masses is no longer able to be subdued by the spin and lies of the plutocrats.
    6
  16225. Insurance near or on the beach is insane. I've a relative with a ocean front home in NC, insurance is $15,000 per year. Crazy, they are very wealthy so it's ok for them, but still crazy...and property tax on top of that.
    6
  16226. It's the greedy people's fault for making homes cost so much. That makes repairs cost alot as a result. No family home should be over 200k
    6
  16227. You have wonderful parents. They're very down to earth. You don't like Disneyworld? Don't blame ya. LOL
    6
  16228. really awesome video...and flash back with the old pics and prices. Yes demo video...live or later.
    6
  16229. I wish I could find house 275k in Frisco/ Plano tx...most 500k....
    6
  16230. WOW...This place is really nice !!...Great video .....I just tuned into the radio station on the internet WVIG 640..They play the Oldies ( imagine that, lol)....Thank you, Michael & Lisi...
    6
  16231. I live in NC so it gets cold here but not as much as illinois (i think) only thing i love about NC is that we get all four seasons (fall/autumn) is my favorite season ! when the leaves 🍁 change colors all the trees look beautiful and it gets cold in the winter time. I love cold weather, but that's all I like about NC only the weather. I hate all the hills and mountains(although i love going to the ski resorts) but I want to move to Florida because I love it!!! 🏖 🏝. Miami is beautiful and i go almost every year / every other year. I have family over there, but is way too expensive to live in miami so im thinking orlando or tampa for me. But i still love watching your videos. If i could afford it i would prefer Miami, but oh well 🤷🏻‍♀️
    6
  16232. Michael, great stuff…still not sure how you stay so focused with your thoughts, as you walk. Have you ever tripped and fallen mid-sentence? I’m sure you’d edit it out. One of these days you need to put together a video of all your bloopers. I follow the housing market in several areas, and it’s a mixed bag, but most are trending down. It’s interesting that the inflation report came out and, supposedly, rents were the current culprit driving inflation higher. I don’t understand how rents could still be going up, when people are tapped and resorting on credit cards to survive. Is anything ever going to be done by intone with any authority to curb rising rents. Feels like whomever is controlling the rent increases is trying to break the back of this country. It’s pushing people over the edge and nothing is being done about it.
    6
  16233. Thanks Michael for all your effort to do these videos. The facts are what you share, but unfortunately, some people are clueless or feel no importance to these economic subjects. Did you research that article on Palm Beach giving 100 people 100K bucks towards a home?
    6
  16234. Glad you're ok bud. It's a sign to gtfo and move up the coast to a nice safe house!
    6
  16235. We have same problem in Houston, but with 30min of heavy rain.
    6
  16236. I had heard that Long Island story last week. That was great! The person that had the power of attorney was in South Africa. The money was transferred and that boy is gone! Plus the house is 90% done. Complete on the inside just not sided and nothing outside in yard....
    6
  16237. Here in SC. Almost all the listing’s have contingencies it’s unbelievable but also new home sales are hitting my redfin notifications unbelievable numbers
    6
  16238. Indeed. It’s scary right now.
    6
  16239. YEA BUY IN PHILLI......OMG Drug town nobody has jobs anyway....totally a mess. Largest income sector WELFARE.
    6
  16240. 👍👍👍👍👍👍👍❗️❗️❗️❗️❗️ Regarding the first house for sale, Funny thing is that it only takes one person who has the money and falls in love with it. So it may sell 😮. Please keep us posted on this one if you can. Blessings, Carlos ✝️🙏❤️😊❗️
    6
  16241. I agree with you. I love Florida. Lots of nice people. I want to move to Florida
    6
  16242. Love this collab
    6
  16243. Too funny about the bad hair day😅🤣
    6
  16244. Construction companies are barely building any new homes, now all of a sudden they're going to be able to rebuild everything??? Just asking
    6
  16245. How could the water be so expensive??? Is it all fees? It seems no matter where you go, they get you somehow.
    6
  16246. You spend $1680 per month on maintenance? Jesus. I'm spending about $380 here but we just have winter to deal with. We don't get heavy rain or storms.
    6
  16247. Thanks wow, quite creative. You are my own personal tour guide. Thanks.
    6
  16248. I am with you! I hate waking up early every day. I have to wake up everyday at 6:30. I work as an Educational Assistant and I have to be at work 8:45 and work until 3:30. When I get home, I have to take a nap. On weekends, I sleep until 10. I have my summers off, so in the summer, I stay up really late and get up at 10 am. I hated getting up early for school as a kid. But with my job, I only have to wake up early 182 days during the year.
    6
  16249. 🌴🌴🌴 Very interesting information. Thank you Michael. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    6
  16250. Here you go bringing the heat again!!!😊
    6
  16251. Mike I must admit, even though I'm 30, i feel like life is passing me by. I have spent 5 years of my life focusing in school which I will graduate in june. I'm sick of being in california and looking forward to making that leap to florida next year if everything goes well. Thanks for the advise.
    6
  16252. They r pretty much doing what the saying is “ robbing Peter to pay Paul”🙈
    6
  16253. Thanks, Michael. Oh yea.......there are definitely people over their heads in debt to the tune of millions. The look rich....nice house, nice car....but they can't take one step off the hamster wheel or the game is over. Kelly and surfed in Cocoa Beach today. Nice. head high sets....very little wind. It felt so good knowing we can spend hours enjoying ourselves because we have no debt, and live well within our means.
    6
  16254. We are considering going and checking out saint John's county, thinking that living close to both st Augustine and Jacksonville would provide us with all the amenities not too far away while living in a quiet community.
    6
  16255. Florida smells better. There, I said it.
    6
  16256. Love seeing the breeze in the palmettos! Nothing like a breeze on a warm day. I must be outdoors and can't take another dreary GA winter with no sunshine. The license bit just goes to show how the gov't has taken over, beyond their boundaries. I wish you knew about north FL since you make the best videos. That's about as far south as I want to go. I am going to start my natural healing business there, I hope.
    6
  16257. Hope you are ok Doll. Glad you are out the way. Stay safe
    6
  16258. The new home 'blue light' special is on 🤣
    6
  16259. No. The problem is spending money we do not have. Anybody can live above their means using a credit card, for a while.
    6
  16260. It's amazing to move on your own you really grow so much!! Its so awesome you just went for it and found your niche.haha it's TRUE people always have higher expectations than what happens in reality. The #1 language is Espanol which is crazy because even Hispanics themselves get pissed at the Hispanics who refused to speak English and wish they'd speak English. Whats your take on this do you think it's just sheer stubbornness or arrogance and shunning the American way of life? I find Miami beach is a bit easier to network and make friends vs Miami mainland where I've lived mainly because its predominantly Spanish speaking solomente off the beach. I only lived on Sobe for 3 months before and lived right next to Club SET at Decoplage lol it was gorgeous but I found I was battling tourists every day and didnt like the valet parking. Grew up in small town Iowa and moved countless times entirely my own to new cities and even new countries ..def takes getting out of your familiar comfort zone..Now at 29 have a lot of friends from HS back in Omaha who talk to me now and regret not having lived in another city outside our home city.
    6
  16261. I always re-read the FARBAR contract, especially to calendar out any deadlines and make sure that I micromanage the details and confirm and comply
    6
  16262. Hey mike ... keep doing what you do..shoot wherever you want ... great content!
    6
  16263. The biggest question mark. Will the govt not step in. Lockdown was supposed to crash it, then came the moratoriums. How bad will it get before people start crying to the govt for more hand outs?
    6
  16264. You are right. Virtually no palm trees in Tallahassee. We have many bike trails and walking trails. A lot of canopy roads. Great parks for children. Pretty relaxing overall. It’s not all about beaches and amusement parks in FL.
    6
  16265. You should go during bike week! What a show!
    6
  16266. Nice place visiting Michael 😉
    6
  16267. The panhandle beaches are dead after October until spring break. Its not worth driving down from Atlanta to gain a couple of degrees in winter. There is a. Beautiful state park next to Seaside with plenty of natural wonder. I haven’t been to anywhere in Florida that i like less than Seaside. It seems cramped and contrived. Plenty of people must like it to command those prices but it is not my cup of tea at all.
    6
  16268. Affordable for who??!!! These investors gobbling up all the real estate? I've been trying to purchase a home now for 3 months a d keep getting outbidded with cash offers. It's not fair to the working families trying to finance. Should be some kind of protection at least for the residents who don't have a chance in this market. Again, affordable for who exactly?????
    6
  16269. Another great video and I agree with the points you are making
    6
  16270. Its getting worse here in Vegas I keep dropping my price and just nothing over 11k homes just sitting here now its true bad to worse for sure ... not sure if i should just wait or just keep it on the market ,
    6
  16271. I agree with you. We went to tampa in august of this summer and every time someone asked where are you from. As soon as I said nyc a few of the floridadians stopped talking to me. We are conservative New Yorkers but I’m sure they didn’t care.
    6
  16272. I love your walks .
    6
  16273. your right, your lucky a gator didnt jump out, lol
    6
  16274. you have a very nice face Michael, good to see you😊❤
    6
  16275. I've yet to be offered that. That a mortgage buy down?
    6
  16276. Interest rates reached their highest point in modern history in 1981 when the annual average was 16.63%, according to the Freddie Mac data. We have a friend who is quite elderly, who purchased her house back then!!
    6
  16277. The bubble inflated so fast from 2020-2021 that the drop should be at least as fast.
    6
  16278. discounts start showing up as the prop tax bill comes due.
    6
  16279. He’s so handsome 😍
    6
  16280. Your vids are really good. Thanks for doing them.
    6
  16281. Madness. Ben Bernanke Janet Yellen, Jerome Powell are not good for the economy.
    6
  16282. Thanks for showing us your gear Michael. I have been curious for quite a while!
    6
  16283. Love your videos Michael. You are such a smart dude.
    6
  16284. I love the hat lmao !
    6
  16285. The more home prices drop, the better the news as far as I am concerned.
    6
  16286. maybe there is so much moisture in the air that these buildings become soft overtime. a lot of them are very outdated and decades old. but its strange that a steal frame building could collapse and pancake on its own.
    6
  16287. We are getting ready to go to Disneyland in a couple of weeks, and we are so excited. That being said, I wish we didn’t have to wear masks. It’s just harder to breathe with them on. Anyway, I can certainly understand why people are moving to Florida.
    6
  16288. Thank again for for the video Michael. I love your footage and housing market knowledgeable. It is valuable. 😎❤️👍🏿🔥😊
    6
  16289. cops dont do as much for drivers as other states cause writing tickets is pointless there. Lots of tourists from other countries that will never pay the ticket.
    6
  16290. Envy we are still in Indiana ugh cold grey winters but heading to Bradenton soon
    6
  16291. Construction workers are aging too, might be another factor to consider, plus permitting isn't getting easier or cheaper.
    6
  16292. HOAs are also often run by corporations now - who make a TON - of money writing fines and foreclosures on homes.
    6
  16293. Ha I wish I had a property for them to try and steal….. 🫠
    6
  16294. Love watching your videos Michael. Always down to earth and honest.
    6
  16295. Inflation and high interest rates is what's truly killing this economy. Affordability is no longer what it used to be. Forclosures are inevitable, it's starting to look more like 2030 agenda speeding up on us 🤔
    6
  16296. What is the range on monthly HOA fees on those units? Probably $500+.
    6
  16297. Mikie, I'm going to the Southern Boarder and turn myself in to Immigration ...... I'll get a free cell phone and a ticket to Hawaii ...... can't beat that !
    6
  16298. When you know the system is against you. Only then you make better decisions
    6
  16299. I love Miami Beach in any season. Looking forward to moving back in 2025.
    6
  16300. This channel is the new News channel for people fed up with lies from the big media and Here are the real news , keep it up Micheal , awesome 😊
    6
  16301. I'm one of those new subs. Frankly I don't see the attraction of going to California. That USED to be a lot of people's dream, but that dream has pretty much been taken over by the nightmare CA is now. If you're careful, you could slip in for a few days to see some of the natural beauty of the state and slip back out before the tax man knew you were there. Otherwise, if you just want to get a feel of how things are in CA you could try living in Minneapolis for a month or two during the Summer for a less costly version.
    6
  16302. Very nice, who knew retirement could be so much fun.
    6
  16303. i ve heard of instances where workers are being told to come back into the office.... they do so sometimes selling there new homes at a loose then when they get back too office they find out they'll be getting laid off within two or three months down the road ....
    6
  16304. Mobile home USED to be a inexpensive way to go but not if you have to rent a tiny little lot to put it on $350 to the sky's the limit is the cost for a postage stamp of land to live on. Sheesh!
    6
  16305. Assumable loans is how a lot of buyers got into homes in the 80’s when rates were in the high teens. If it has a low rate, you come out way ahead in the long run.
    6
  16306. Thanks for the great car insurance info. I'm definitely in a position, right now, to pay yearly car insurance. It's a big deal for me because I live in NJ & the rates are super high. Thanks
    6
  16307. It took me 25 years to move here...
    6
  16308. I’m from Connecticut and it’s true, ridiculous, houses under contract first day and people paying 280k for 1200 square feet older homes, they only worth 150
    6
  16309. Not to worry Janet Yellenstain has your back.😆🎩👍🤣🔥💲🔥🏠🔥💵🔥
    6
  16310. Hey dude congrats on 1k and thanks for the advice! Stay well
    6
  16311. I paid $770 for my annual electric bill in 2022 in a deep blue state. Included are heating, cooling, fridge, cooking, etc... Yep, the current administration is killing me. I want that orange wannabe dictator back.
    6
  16312. That's how Florida use to be,before the developers destroyed it. I was born here. I am now 51 and its sad that my home state is being destroyed in the name of progress.
    6
  16313.  @MichaelBordenaro  I was there today. I was looking around for signs for rent. My goal is to get us in a 2/1 by June 1.
    6
  16314. At least we beat Medicare!
    6
  16315. You should come down to 5555 and do a video..we are going thru the 50 year. Plus the building next door has been bought out by a developer.
    6
  16316. Waiting on the side line. I think 2026 is the year for me to buy if we’re still alive by then. Seems like WW3 is closer.
    6
  16317. Who believe these experts anyway?
    6
  16318. A vlogger RE agent in DFW..said Dallas ft worth home sales were made up of 50% investors since 2000
    6
  16319. Did you go to the lighthouse? Its rather cool. Also the alligator farm is cool also. Its a great area🙂
    6
  16320. This video just helped me mentally so much. I’ve been watching all your videos because I relate to your story. I am pretty miserable living in Toronto weather where we don’t see any sun for 6 to 8 months. And like you said, I have no interest in the activities available. So I’m just preparing myself mentally by trying to decide what I want in life. And just like you I just want to be outdoors.
    6
  16321. Come to Lakeland, Saddle Creek Park, Lake Parker and any other lake here. I live in unincorporated Lakeland and about ten minutes up Highway 92 going towards Auburndale is where Saddle Creek Park, actually we can walk down to Saddle Creek, it is a popular fishing area, and you will see Alligators in all parts of the water.
    6
  16322. I noticed they put a 42,000 truck. To a value of $100,000... And believe it or not at the same time they're really making some real garbage.. they're having a lot of problems with these 100,000 trucks.. anyway you know they're really screwing you
    6
  16323. Leasing contracts open of 19% is not the key for office space, lots of offices are leased by empty because people work from home but the companies have a long leases, SF is really bad, whole buildings are empty but still leased and nobody wants to take over the lease.
    6
  16324. Ive never been to the beach because the coast of alaska is too cold all year so we go on a "beach" on the lakes in the summer, since ive always wanted to be near the beach, i think it would be best to go to a small beachtown community, cant wait to experience it 😊
    6
  16325. Welp! After receiving my 2021 property tax bill, I've decided to list my FL beach condo for sale. I've had it fully rented for six years and planned to retire there in two years but the property tax + HOA fees are getting too high (now totaling over $10K per year and going nowhere but up!). Should be able to quickly sell and triple my investment. At this point, I'm feeling that the beach is over-priced & over-rated and after my first bout with skin cancer on my face six months ago, I'm trying to avoid the sun as much as possible. Still going to stay on the east coast FL, but at much less cost and just three miles from the beach.
    6
  16326. You mean paying 50k over asking price on homes that already doubled in price during COVID wasn't wise even with "historically low interest rates?" Lol
    6
  16327. People are broke. Walking by million dollar homes, yet they can't pay to trim the palm trees
    6
  16328. It's going to be like gravity...all come crashing down
    6
  16329. I have been sending a coworker of mine houses for sale in Pensacola. Seems more affordable there. Maybe I shouldn’t though, with all of these other issues. Not at all surprised to hear about people with solar getting burned. My husband, who is an electrician, said this was definitely going to happen. He said the electric companies will find a way to get their money.
    6
  16330. Don’t forget about repairs on older homes
    6
  16331. Talking about delusional people, holy crap. A condo in my neighborhood just listed for $485K and selling agent gets 1%. By far I had the nicest condo and I sold for at least $50K below OpenDoor’s identical floor plan but nowhere near as nice upgrades. I listed mine at $429.900K 3 days after OpenDoor bought one for $453K and they tried selling it for $485K. I sold mine and closed in 17 days, Opendoor have lowered theirs 3 times, as low as $429K and still couldn’t sell… and now they are trying to find renters. However, the guy trying to get $485K and pay 1% commission told me that he’s 100% sure “there’ll be a moron who will definitely give me $485K I’m asking, and I will not fix anything!” In other words, he’s calling me stupid for selling mine for $425K. Maybe one day I’ll regret selling mine cheap, but at least I made a Canadian couple happy and I still made 70% profit on it.
    6
  16332. New home builds reduced price and finance incentives are exactly what was happening in 2007 just before the absolute dissemination of 2009. Don't do it
    6
  16333. WOW- That's unbelievable - It's all about the Benjamin's for sure. Who gets hurt the middle class trying to retire in a nice climate. Could be a very rough year for everyone , except the 1%.
    6
  16334. Go look at Houston n Dallas. 350k home mark down 290k new construction
    6
  16335. Man you could sell in Florida right now and buy a beautiful home outright in another state with your equity. I’m looking outside Florida at this point since I have a bunch of cash, it’s my plan b. It just buys so much more in other places. Florida is so overvalued.
    6
  16336. Miami has always been a city that attracted the rich and wealthy and entrepreneurs. Going back to the Henry Flagler and Mary Brickell days. The problem is, regular people live here too and are getting pushed out. I fear Miami will become the new San Francisco. That's a good and bad thing. This rent is ridiculous. Do you think eventually Florida will have to do rent control?
    6
  16337. Opendoor is trying to rebrand itself as the "Amazon of homebuying" right now. Sounds awesome, until you remember how few are buying houses right now.
    6
  16338. I think the fed has to prioritize bringing inflation down, using the one knob they have; interest rates. They’ve just back-stopped the banks with their new loan program, so they have other solutions to the bank problem and don’t need to ease off of their interest rate increase program.
    6
  16339. WOW! just think of the traffic increase. Developers will be rushing in to build! build! build! ;(
    6
  16340. I live in the north east, in a small privately owned park 60 homes, there for 14 years, lot rent is 621 for half an acre of leased land. I have a 20x20 barn and 10x12 shed, both with electric, and the mobile home 1200 sq feet, totally redone over the years. Considering that my apartment rent was 1000 per month 14 years ago, I consider this a win. Every park and the owners operate differently. This is a middle of the road option for renters, not perfect, but better than straight up rent of an apartment or paying down the landlords mortgage.
    6
  16341. As a long time Floridian I really favor Californian transplants over Northeaster transplants. Californians are much more laid back and friendly. Californians fit in well here.
    6
  16342. Nice park!
    6
  16343. I see prices going higher in many areas of FL and they are selling eventually, just taking longer. Do you think the summer will see a change? I just don't see a change in prices, even higher.
    6
  16344. First!!
    6
  16345. 7:08 don’t blame her, I’m sure he was happy to buy it for her at the time. I’m sure he was benefiting too. Stop blaming women for y’all‘s bad spending habits I’ve dated plenty of guys that tell me no.. 😂 I’m tired of men always complaining about women spending their money, did she steal it? If so, get a lawyer, if not, stop whining. 😜
    6
  16346. Larkspur looks nice area, but the prices there are completely BONKERS.. in the MILLIONS..
    6
  16347. I lived in Naples for eight years and loved it but that was the 90s to early 2000s and Florida was a little less busy now I’m a half back never go all the way back screw that 😂 take care y’all 🍻
    6
  16348. Thanks for doing these videos Michael. It's so beautiful. Cant wait to go.
    6
  16349. My sister is wondering, is "buy a couple of Gucci bags when they have a sale" count as "an emergency"??...😅
    6
  16350. We are growing at a very fast rate as well. They call it the "Horse Capital of the World". This is a great place to live.
    6
  16351. Enjoyed the video. So glad you included my favorite Florida city, Sarasota. I also love areas along the Florida panhandle especially county road 30A
    6
  16352. I’m waiting to buy in Miami too. Just signed another lease. I absolutely refuse to pay double what homes went for in 2020 when rates were 3 and now they are likely 6.5-7%. Cash buyer but I’m not about to lose 25% when these homes revert to where they should be simply due to mortgage rate math.
    6
  16353. Gosh this video really killed my excitement for moving to Florida from LA. The nightlife I was looking forward to and cost of living but now this makes LA sound better and I'm sick of living here.
    6
  16354. Michael, Another informative video. You are so right about everything ---- People should Never get an adjustable loan or a HELOC. They will lose their money and property. Also, people don't know if they'll have the same good-paying job several years up-the-road. Life in America has changed so much in the last10/20 years. When the banks/mortgage companies start raising ur mortgage payments - after the teaser rates expire --- it will be several hundred $$$$$ more a month. Very few people could afford that. The banks/mortgage play with people's desire to own a home/condo --- but buyers will be the losers!!!!
    6
  16355. Great Video!!!!
    6
  16356. I hate squatter they stealing lanlord house live for free. All states should pass the law for illegal for squatters.
    6
  16357. Saw one good sign. Redfin announce major layoffs and is getting out of the home flipping business. And heard of some outrageous flood insurance increases. I think your gov is trying to stop it with his own new bill.
    6
  16358. You are awesome Michael. I love the fact that while you aspire to live a great life and enjoy nice things, you are also willing to admit that you are human and have made mistakes and I find you very inspiring. I'm quite a bit older than you and I've had I'm sure many more jobs than you, and I didn't so much get fired as I did quit them. I could never stay with one long and I just refused to put up with bullshit. I think you and I both have the entrepreneurial spirit, which is why in my life the only time I've been happy working is when I owned my own two restaurants.
    6
  16359. Looking forward to moving to Florida in November or December. I'm ready to give up polar vortexes for good! I've been thinking of becoming a snowbird for the past 10 years, but after last winter I decided why not just move to Florida rather than have it as a winter getaway when I retire? And I won't mind leaving the politics of Minnesota behind. I loved the freedom of Florida when I was down there for a couple weeks in October 2020.
    6
  16360. I do leave in Miami Beach and prefer the beaches here vs CA and water temperature of course but I do like to go to L.A or Frisco some time to time!!
    6
  16361. I live in Florida and minimum wage is $8.5 hourly and Prices, Housing, insurances and the cost of life getting high every year, population in growing really fast!!! Some people say that Florida will be the next California soon.
    6
  16362. I live in California and love it! But I also love Florida and hope to retire there some day.
    6
  16363. I would like to know what the maintenance fees are there. It looks like a very nice place.
    6
  16364. $164 a month assuming you by a pre owned house with no bond
    6
  16365. Dashcam would be a cool idea.
    6
  16366. And it's not even Hurricane season.. when "King tide" during hurricane season this year, it's going to be a handful.
    6
  16367. Miami is over rated
    6
  16368. God Bless you Michael for making this video. and thank you so much for helping us with this real life nightmare of this scammers.
    6
  16369. My Uncle told me when I was 18. Never Marry and you'll always be a wealthy bachelor! Now I'm 57 and have been debt and mortgage free for 20 yrs and I suppose I'm wealthy. All I care about is my Freedom!!!! Timmy C Arizona
    6
  16370. Home Depot have same bad service no help short of employees.
    6
  16371. Michael I've been monitoring home prices in Florida for 2 years and they continue to creep up even to this very day 300 to $350 or more a square foot in areas like Tampa, Panama City Beach, Pinellas county etc
    6
  16372. This one is absolutely facinating, and a real lesson in the economics of the insane situation we are in right now, especially in your town of Miami Beach. My mind boggles at what will happen when the insane bubble in places like this starts to deflate. Regardless of my or anyone's forecast of where things might go, this video is an amazing snapshot of an almost unbelievable situation. Thanks!
    6
  16373. Awesome seeing you living it up out here MB Would be cool to see you look into the Pasadena area and Northeast LA area
    6
  16374. The Burmese Pythons are no joke, but you are unlikely to confront one if you aren't looking for them. The good news is that they aren't poisonous. The bad news is that they can constrict you to death. As for gators, they don't want to mess with adult humans on land. Just don't go after them and they'll likely leave you be. Now, your small child or dog are a completely different story.
    6
  16375. I love your videos, Michael. Amazing content. Thank you for all you do!!!
    6
  16376. I’m a realtor here in South Florida and you’re so right. You’re always so informative! I love those walks. I even relax while I’m listening to you. Thanks for the info! It’s good to learn from others even if we have some experience with the housing market. God bless!
    6
  16377. Live music is the last thing I would’ve expected in the villages, but it does suck everything shuts down at 9pm, other than that the part of the town you showed has a nice ambiance
    6
  16378. The summers are real lol way better than winters tho 🏖
    6
  16379. Can we see some houses under 1 mil please?
    6
  16380. I truly believe life is not meant to be in lived in one place. Easier said than done though because of jobs. I do think congestion and rude people can ruin a city. My experience is certain parts of California. The vacation high is real. Looking forward to all the videos. Cool insight.
    6
  16381. we already had the recession. 2 negative quarters of growth. they just chose to change the definition.
    6
  16382. I have always wonder what the differences were between the two also I think we have to look at the dew point as far the humidity goes....thanks for the video!
    6
  16383. Great video as always, Michael. I could listen to you all day. The convenience of TPA to the Tampa/St Pete area is 🔥 There's one thing that's extremely attractive to me about T/SP & doesn't get much play in online circles (maybe it's b/c it only applies to my situation 🤪...but I can't be the only one! 😂) Aside from MCO (in Orlando), TPA looks to be one of the very few airports in Florida that I can fly to/from nonstop 365 days of the year to MKE. With the majority of my family residing in Wisconsin, that's a big plus for me.
    6
  16384. You have a beautiful wife. Wishing you both all the best
    6
  16385. I moved to Adelaide South Australia 3 years ago and a nice City and way beeter for Living in every way
    6
  16386. Thinking about moving to Fl and that's how I came cross your videos! Thanks for sharing all the infos!
    6
  16387. Ask the people in Toronto and Vancouver how great it is for foreigners to come in and buy up your real estate.
    6
  16388. Michael, you make more sense than the "experts". The problem is- they keep finding new ways of prolonging the inevitable.
    6
  16389. You should have gone completely to the other end where Lighthouse Beach is located!
    6
  16390. I'm going to grab some popcorn with an under 700 mortgage.
    6
  16391. I was born and raised in St Pete.. Both of my kids as well.. We were renting and were priced out - we bought a house in Winter Haven.. So pissed off that we had to leave the city I love..
    6
  16392. That's a beautiful neighborhood. I love the character of older homes. Open concept is overated. Thanks for sharing the open house!
    6
  16393. Michael. You are in one of my regions where I invest into. UNLESS you own your property outright, you are screwed. ADDED: Don't feel bad about SF. They voted for this... They deserve the Doom spiral.
    6
  16394. Great advice about paying off the credit card each month there's an unpaid balance on it and I heard that if you cannot afford five you cannot afford one.
    6
  16395. Nice video Mike, looks like a quiet neighborhood (Biscayne Point) & at the same time close to Miami Beach.
    6
  16396. MICHAEL AND GUITARS!! 🎉🔥🎉
    6
  16397. Great Video, Michael ! The "death" of a condo building is a microcosm of the "death" of the American Dream !......Thank you ....
    6
  16398. 9:36 Guy gives the Hairy Eyeball & Michael makes him disappear!
    6
  16399. Hey Michael, I want to give you a shoutout I think you do a great job and I like how chilled you are discussing these topics with the beautiful Florida background. Just one comment, when you talk about price drops, don't lose sight of inflation and the difference between real and nominal prices. A house worth $1 Mio. today that was worth $1 Mio last year dropped by around 8% in value due to the loss of purchasing power. Nominal house prices may not have to fall 50% to drop 50% in value if inflation continues at this pace or moves even higher! I hope you see what I mean. Have a wonderful rest of the day!
    6
  16400. You truly sound like small-town guy.No pun intended For a person who lives in big cities all my life you sound like innocent good guy from the small-town american plains
    6
  16401. I'm hoping to relocate to Melbourne later this fall, and originally I was thinking of renting for a while, but now I'm beginning to think maybe buying a condo might be better than just throwing my money away, since I don't want a stand alone house at this point in my life, since I'm now retired.
    6
  16402. To me, a gated community is a deal breaker if it requires stopping and entering a code or going through a gate just to get home. Annoying. And some of them have lines of cars backed up waiting to enter. Sucks.
    6
  16403. Imagine you're the seller and the hurricane destroys pretty much everything around you, but you're at the edge of the area where damage occurred and your home is not actually damaged. Can the buyer back out based on the immediate area being essentially destroyed, leaving the homeowner with a perfectly fine home but unsellable because everything around it is destroyed? Or, if the seller can force the sale because the house itself is intact, look where that leaves the buyer, being forced to take ownership of a home in the middle of a disaster zone, with most restaurants and businesses wiped out. Curious to know how this scenario plays out?
    6
  16404. The thought of staying at someone's house I don't know creeps me out I imagine there's hidden cameras everywhere!!!👀😎🌴
    6
  16405. I'd rather live on some deserted South Pacific island in the middle of no where than a big city like Miami. I value my peace and quiet and living off of the land/ ocean. I would eat fish, raise chickens and have a nice vegetable garden and power it all off of solar.
    6
  16406. Michael, good informative video as usual. One thing you didn't mention today is the quality of restaurants. I have made maybe 50 trips to Florida in my life & have NEVER found a good reasonably priced restaurant in Florida. Especially in Miami. I found a few near Orlando, but just average at best. I've lived on East & West coasts & I think "West is best" overall. The cost of living is more in Ca., but I think the overall quality of life is much better in Ca. The high gas prices suck, but as a homeowner my property taxes are pretty much always the same. If you are a fan of Heat & Humidity live in Florida. If you like constant mild temps all year around & low humidity live in Ca.
    6
  16407. Florida has ONLY 2 seasons: Spring & Summer...end of story!
    6
  16408. I'll add to the list: The bike share program. It's enormous and allows me to go everywhere I want to go in Miami Beach and Miami The Free Trolleys that run various loops around South Beach, Mid Beach and North Beach. The diversity of people and the International vibe. The access to Latin American cuisine is amazing. The enormous International festivals the come to town like ArtBasel, various film festvals, Food & Wine, etc. The free simulcast concerts and movie nights at The New World Symphony are something special!
    6
  16409. Last time I was in queens delivering a load of stuff to doc. I walked down to the McDonald's house on the corner. It had double layer bulletproof glass going across the counter. And you had to get your drinks through a turntable. And you gotta give me your credit card into a slide drawer. There's no physical hand contact. But the amount of bulletproof glass. More there than I've ever even seen at a bank.
    6
  16410. Interest rates need to go up sharply, to help curb inflation, central banks were too slow to act and now they are being left behind, problem is people get crushed by the rate rises, housing and other loans become unaffordable.
    6
  16411. That beach looks beautiful. And I totally think Daytona is up and coming.
    6
  16412. Keep rocking Michael. Information that mainstream media never gets right, or tells the truth about
    6
  16413. Midwest Florida sounds fantastic. You make it sound like Siberia. Its OK to be not be so cool. Florida can learn from the Midwest. Not as backward as you say.
    6
  16414. Flagler Beach is a surf spot. Outside of that it’s locals and last time I was there it didn’t really seem like they wanted to draw in visitors.
    6
  16415. I agree with you 100% about the Out of Control Spring Breakers being destructive & disrespectful... I will never understand people who act this way & think it is fun & actually enjoy causing harm others!!! Disgusting!!!
    6
  16416. 10:08 you better preach! so many job posts are 1099 now.. they are definitely hoping on the trend. those who have done it for years will see high competition in these markets bc people are getting desperate.
    6
  16417. South Florida has more of the tropical atmosphere that I was seeking i like it better than northern Florida
    6
  16418. 🐊 ☀️ 😎 Michael you are the Man! California = 🤢
    6
  16419. the more they lie and cope, the worse it will be in the end.
    6
  16420. Let lessons be learned the hard way. The newer generation is gonna be in for a rough lesson with money.
    6
  16421. I feel blessed when I walk outside to the sun hugging you in the afternoon. ☀️
    6
  16422. My 400k house is losing 2k a month per Zillow. I'm not concerned, yet, I bought it for 315k in September 2020. At this rate I'll get back down to sale price in 2026 if nothing changes. Even then it won't matter, at 2.71% APY it's cheaper than rent. A one bedroom, one bath apartment with no garage is 1k a month here, it's insanity.
    6
  16423. One thing about retirees and older folks living off retirement income to think about, compared to younger to middle aged people, is they also have medical bills and other services they need to help take care of themselves. These can be very expensive in America.
    6
  16424. I visited st Augustine because of your videos. I loved it and now I'm going to check out fort Lauderdale for the next weekend. I cant stand Minnesota winters. Absolutely depressing and the vitamin d from florida made me happier even if my was for a weekend.
    6
  16425. @18:14 Let’s qualify that statement a bit. Putting a new roof on your house is not an emergency UNLESS your homeowners insurance company sent you a 45 day notice to replace the roof or face non-renewal.
    6
  16426. Hi Michael, A great lesson on Airbnb. It's amazing how so many people bought one or more houses to rent out on Airbnb. The whole concept doesn't makes sense to me - having one or more strangers move into your home (especially if u don't live there.) I enjoyed the walk around these condos. Our leaders use a large group of P.R. people and lawyers to skew our language when they're responsible for destroying our country - with made-up phrases to lessen the blow. Like: they're not homeless --- they're unhoused. Same Crap!!!!!
    6
  16427. Really enjoy your communication style. The content is great, but I’m more into the delivery. Thanks!
    6
  16428. i predict there will be a lot of 20 and maybe even 30 somethings moving back in with their parents. and that's not knocking them at all, just saying i remember the last time that was happening A LOT 10 or more years ago
    6
  16429. I also calculayed 50% and more on groceries prices also...
    6
  16430. No its not you can buy a while house in south florida for the same price
    6
  16431. Michael & Lisi, 🏝️Pretty close to 100,000!!! Woo Hoo!🎉
    6
  16432. Union trade work is slow in California. 9 years in my local this is the slowest I’ve seen it
    6
  16433. Maybe seniors need to "cash out" the equity in their home through a reverse mortgage or whatever to help fund their retirement... AND the county prop tax they pay will be on their "realized" equity gains in that case 🤣
    6
  16434. I use to be about buying used cars, infact my Camaro like yours was used, and I always had to fix something. After it broke down one day I bought a new car, and I've only bought new since. Its definitely a good feeling, its a hard to put it in words, but I know what you're talking about. I don't plan on buying used again. you only live once and might as well enjoy it some.
    6
  16435. That dilapidated $1.6mil house was probably bought by Chinese investors. They do that a lot around where I live and do it in silicon valley. They just buy properties and sit on them with no plans of ever using them or renting them. They just sit on the property and hope to sell in 5 - 10 years at a profit
    6
  16436. A lot of people are still living beyond their own means. I paid everything off and now I’m just piling cash. 😊
    6
  16437. That's scary. I've never heard of this but it is unnecessary intrusive.
    6
  16438. Mike: I'm in California and my house is worth a lot. I'm 70 and I'm gonna stay at my house until the end. Libtards have ruined the state but I try to not let things get to me. Florida on the other hand is a great state politically and the positive fallout from healthy politics is refreshing. I found you as I follow Nick Gerli's channel.
    6
  16439. A wise woman, my German mother, who survived the horrors of WWII Germany! Throughout my life, always told me, "There are those that make things happen, there are those that watch things happen, and there are those that ask what happened." Thus, I diligently worked, invested and obtained multiple pensions. I now own several properties throughout Central America.
    6
  16440. Everyone looking to buy...Just be patient!
    6
  16441. Wait until private homeowners start getting smart and renting out rooms in their home or a detached converted garage ...... mother-in-law suite for 1k a month .... Per room. That will give apartments a run for their money.
    6
  16442. The pole results for never wish I’d move to Florida are not necessarily low, because only people who live in Florida could choose this option 🤯
    6
  16443. There is no recession with the wealthy! I was in Destin, FL over the weekend they were like what Recession!?!🤔
    6
  16444. The federal government didn’t rescue us; they rescued the criminals, bankers.
    6
  16445. It is a very good video and breakdown of what has taken place, Michael. Love your work, brother. 👌🏾💯👍🏾
    6
  16446. Very distressing.
    6
  16447. Disney Boardwalk in Orlando is cool especially at night. St. Augustine is cool where they have the port which is like a museum. That area is old school colonial
    6
  16448. Surfside mayor has already said that this is a natural diaster and not a engineering failure. Champlain condo is wraped up in record time, one lawyer per the judge, money in the bank. No real investigation will be done. Sorry...
    6
  16449. You pick the best places to walk Michael. Great video as always. Things are starting to get scary. The economy is slowing down
    6
  16450. Good combination 🎉👍 we like u both
    6
  16451. I’d imagine the prime time to buy will be in the next 12-18 months.
    6
  16452. Love the content even if it is depressing. Glad we took our son on a nice vacation to some great places years ago... We did fly to Las Vegas not too long ago. But it is only 3 states away from us. Didn't want to spend half of it in a car. We are looking at a vacation in the Spring, but closer to home... And driving there. Maybe spend some time on the coast--dip our toes in the sand, campfires on the beach sort of thing. More scaled down. We have always lived a more simple life so we made sure that my husband and I could retire in comfort and our son would have a solid start to his future. Plus he gets our house--all paid for) when we kick the bucket. So I think we are going to lay low and hang out at home more. Make use of the 6 person hot tub we had installed 3 years ago and the newer deck with cover we had put in maybe 7 years ago and just do more stay cations. I will provide the hot dogs and steaks for our grill and visiting family can bring the side dishes and drinks, swim suits. Family can watch the games, movies on the 75 inch t.v. sit in front of our fireplace if it gets cold or sit in the hot tub with a strawberry daiquiri. Look up at the stars at night. Sounds okay to me.... Much cheaper too... 👍
    6
  16453. So somewhere out there are about 5 BILLION humans who don't want to be where they live...and while most have flooded into Southern California turning the whole place to SHIT the other half keep flooding into South Flroida. I was living in Port Saint Lucie when $40,000 bought you a house near right on the Indian River and within 2 Years the note was on the door for $300,000 with this last go apparently taking things from $300,000 to $800,000. Now forget a house people are selling their apartments for $8,000,000 million US Dollars. The US Federal Reserve has done all it can to fight this...and will continue to do more mark my words as South Florida is hardly alone in this but the people who do this kind of real estate work they really are whacked out of their friggin minds. They are not in the business of being deterred by "reality." Jeff Bezos saying "he's always loved Miami." Nobody loves Miami. People love the idea of making MONEY in Miami that is what is going on...yet again. The people literally crying in Acapulco ... that's what a real estate disaster looks like. Southwest Florida rebuild? Already the crazy stories of mega bucks being spent are flying around again.
    6
  16454. Hi Michael , I (for one at least) really appreciate your effort in making this video. I live on Miami Beach (Fifth St. and Meridian) and I have been here for 4 years. I am leaving South Beach. My complaint is that Miami Beach has not invested in an upgraded sewage system. The water quality in our Bays and Ocean has grossly deteriorated as more and more high rise buildings are added to the skyline. Our beautiful Beaches have reported unsafe swimming conditions way to often due to Bacteria escaping from 100 year old leaky sewage pipes. Florida promises to invest in a safe and effective sewage disposal system but new funds are never allocated. Currently the existing system is completely overwhelmed and maintenance consists of trying to patch it up. I apologize for posting this unpopular subject , however , swimming in Biscayne Bay or off South Beach Oceans should not be a risk to your health. To check water quality in your area go to www.FloridaHealthyBeachesProgram.gov
    6
  16455. I relocated from the northeast to FL in 1990. Over the past 30 years, I've lived in Hollywood Beach, Hallandale Beach, Miami Beach, Tampa, Gainesville, Stuart, and Cape Canaveral; and know and like all of these areas and much of FL very well. Trying to decide on a FL retirement destination in a few years. I might spend a month or two in an AirBnB at a few top places to help make my decision. Spent a lot of time at Sunny Isles (before it got expensive and before it got named Sunny Isles), and like it very much. Miami Beach, Ft. Lauderdale, St. Pete, and Clearwater Beach as well. I've visited Tallahassee, Pensacola, Destin, Jacksonville and Daytona Beach, but don't have much in-depth familiarity with the panhandle or the northeast coast of FL. Housing prices, crime, congestion, traffic vary widely throughout the state.
    6
  16456. Thankyou Michael for continuing to do a great job at what you do best! You are appreciated!
    6
  16457. Thank you Michael for the tour .
    6
  16458. Still super expensive in west Palm, houses that were 300k are now 600k, totally not worth it.
    6
  16459. OMG, Michael! I am SO GLAD you made this video! I have been thinking of this whole scenario for a while. We are definitely in stressful times, across the board. Rents and housing prices are terrible all over, but right before this video, I watched one on some desperate tenants of an apartment complex in Hialeah, FL, whose rents had basically doubled in the past year. Checked my investments the other day. All down, big time, in just the last MONTH! I know that this is a correction time of year for stocks, but you are right...things need to happen (correct) organically, or our country is in big trouble! I was wondering the same thing...what if prices continue to rise for houses, and don't fall. I think you are right , that it will happen. I certainly hope so! Things feel desperate for a lot of people already. That needs to stop. (On a brighter note...Happy Valentine's Day to you and sweet Lisi!)
    6
  16460. Very good advice. Nice plan to travel around and look at potential options.Great way to hands on research.
    6
  16461. Detroiter here planning to move to Miami FL within the next year or two. Very excited! We only get about 3 months of summer here:/ Can’t wait to move to the sunshine state for year round summer!
    6
  16462. Video on auctions please!
    6
  16463. Congrats on 100K Michael! I really enjoy your videos and hope the channel keeps growing!
    6
  16464. If he's a good baseball player he should have no mortgage
    6
  16465. I see the Fed pushing up the interest rate to 5 to 7% which will put the mortgage to 10 or 12%. This happened in the eighties. Just imagine a 13% mortgage. I lived through it. Bottom line I see housing prices going down 40%
    6
  16466. Excellent video Michael. I have been following the series and I believe you are right on point with this St Pete market. These sellers brought these flip properties to market too late and are going to get burned. I think you are being generous with this one price of the house that was purchased 6 months ago for 440K, with what they might be able to get now. The most they could get. heir renovations are less than 100K so the house could probably go for 490K max. That is just an opinion. I like the topics you are choosing as they are very relevant to what people might be interested in. Thanks
    6
  16467. Michael, your videos are great and right on money (no pun intended). You're spot on regarding the Fed and what's going on with the economy right now.
    6
  16468. If not mistaken, flood insurance protects only structure and not landscape such as trees.
    6
  16469. Welcome back !
    6
  16470. I think south beach is more commercial and maybe too commercial !!! Honestly I don’t miss whole food and Joe’s they are all around me here ! I rather live in north beach without the cookie cutter stores and restaurants!! You probably spend more time on the beach than grocery stores anyway ! That’s for people in the east with no where to go but fancy grocery stores ! Lol 😂😂🥦🥬🥕🌴🌴🧘‍♀️
    6
  16471. But Mike, Stock market ALL TIME HIGHS!! 😂
    6
  16472. I enjoyed this video. Very informational, I’m looking into Tampa-Clearwater area. I think I’m going to get a Real Estate agent:).
    6
  16473. Grab your gun houses!!! I was looking for chalk outlines on the floor.
    6
  16474. There should be a ban on all foreign ownership of single family homes, period. Only Americans should be able to own land in America. It's not that radical, many other countries do that.
    6
  16475. 卄乇乚乚 丫乇卂卄 乃尺口丅卄乇尺
    6
  16476. Michael , great info as always. You should do your episodes at home or driving a neighborhood on the crappy weather days .
    6
  16477. I live in California and it’s bad here too!
    6
  16478. Tulip mania strikes again! When Your Wife Loves Tulips by Frans Kuiper Never try catching a falling knife, Delay buying and ignore the wife, Drowning in debt will rob you of life, Trust in your instincts to avoid strife.
    6
  16479. About the San Francisco story. I think you may have missed the point about the homeless. I think the point the of the tax is to pressure the building owners to put their buildings to use either by lowering the lease until it leases or by selling it at a price that someone will pay and put to use. No, it won't magically house the homeless but it could prevent more homeless with either apartments or commercial space for jobs.
    6
  16480.  @mstyles2667  That Right! Tell him. Florida is beautiful
    6
  16481. Beautiful backdrop to the video! Always good to reflect and take stock of where you (and Lisi) are in life. Seems like so many great places in FL to choose from, of course picking out the one with the right vibe! Looking forward to more vids, no worries if it takes time.... something for all of us to look forward to!
    6
  16482. So glad prices are starting to flatten and go down. We all need a break!
    6
  16483. The lighthouse is supposed to be haunted. I know TAPS from the TV show has been there several times🙂
    6
  16484. 'everything bubble', good analogy, as that is what it will be... every aspect of the economy one can think of.
    6
  16485. I think Pantheon is wrong. This is not 2008. So many analysts still re-living the past.
    6
  16486. Was this really shot before Mother’s Day?! 😆 wow, how time flies. What a beautiful Beach and relaxing atmosphere! Btw, about the music, I’ve seen some live rock and jazz music on Lincoln road, yes we do have some of that here! 😁👍🏾
    6
  16487. This is true, lived in South Florida my entire life. South Beach was both a blessing and a curse. If you're considering making the move here today , you're way too late. It'd be like reheating food 2 days later that you took home in a doggy bag from a 5 star restaurant . Eat in when it was hot, live in South Florida when it was hot. And it was amazing before Hurricane Andrew. Everything changed after that horrific storm, and it'll never be that good.
    6
  16488. If I win the lottery I'll be moving to LA Jolla!! Best weather in America is in San Diego.
    6
  16489. Del Mar was super expensive years ago... and definitely gotten completely unaffordable
    6
  16490. You're so down to earth and your videos are very informational! It's nice to hear about area where the person actually lives there!
    6
  16491. Aren't all the new apartments going to be overpriced luxury apartments that, at least initially, will be empty until the owners offer market rates?
    6
  16492. I personally think employment is the first domino. Now, Tampa housing are crazy like candies in Halloween!
    6
  16493. GREETINGS MICHAEL AND LISSI 🌴🌄🌴
    6
  16494. Who's buying these broken buildings? Why would anyone buy a 50 year old building that hasn't been maintained for a decade? I think we have an OCP situation here, they're going to force a bunch of evictions till the market crashes and then a couple big corporations are going to buy everything and build a megacity like in robocop lol.
    6
  16495. It was pretty cold last week. Also it’s hotter in south Florida, not in Gainsville.
    6
  16496. You know you were ready when you left. 😉
    6
  16497. Beautiful up there!!!
    6
  16498. Gold needs to go much higher than four grand to reset the system,, I'm Watching for the Dow Jones to come down to $24,000 as gold goes up to meet it...
    6
  16499. Michael I remember something you mentioned a couple days ago and that is you get people who bought home's without thinking about actual cost like home repairs and house tax going up and insurance going up and lord help you if there paying HOA payments which all go up every year just get an estimate on a new roof that will be an eye opener and all the incidental things that pop up and why many home owners are in over their heads and right now buying is just not smart with home values dropping adds to the problem a large majority of home owners are already a blink from being foreclosed on I imagine that next year you will start seeing a flood of homes hitting the market but the problem is with high interest rates who can buy anyways
    6
  16500. I've been looking to buying and building my own house in Charlotte county Fl, when looking into there building codes they don't have a minimum house size just a minimum size of the rooms that we make which they have to me minimum 70 square feet. Also most of this properties need septic and a well system which in my opinion is the most costly thing that will be in your property that you can't DIY.
    6
  16501. Mic sounds great! I wasn’t sure if it was a voice over because there wasn’t any wind noise.
    6
  16502. CA is twice the size of FL, so I HOPE FL never gets as populous as CA (though half of CA's pop. are illegals.)
    6
  16503. I so needed this today. Laid off in August due to outsourcing and i am in a schlump. You lifted my spirits so much. Thank you.
    6
  16504. Lol. “You heard me.”
    6
  16505. I have a friend whose a real estate agent and he tells his clients “date the rate, marry the house”.
    6
  16506. Micheal It was great to see your mother and we must remember a mother is always a mother caring, loving and a worrywart. But there are no regrets wondering if you could make it or not. They all should be very proud!!!
    6
  16507. Michael . Landlords should be able to Let Properties to Whom they See Fit as their Prerogative ..it's not Fair to interfere with the Landlords security and living ...it all just gets worse ! No wonder some of the Best are selling UP
    6
  16508. There is not enough time to visit all of the attractions and things to do in Florida. Being a resident for over 15 yrs and I am still on vacation mode. The downsize to probably living here is the fact that there are so many attractions and if you work weekends then is hard to enjoy them. I also think that things are far in distance. So planning for the traffic is key. I live in the Disney area and is amazing how much traffic there is but I have gotten used to it.
    6
  16509. You can always look for happiness, but there is really no need to look past your own front door. There are plenty of things that you can do right here in your own community. You can visit a dairy and see how milk is handled and prepared for delivery. Or plan a series of window displays on home safety. Or help start a library. Or discuss with your dentist what you can do to make your teeth more attractive.
    6
  16510. HOA is a racket
    6
  16511. Wow, I totally forgot that if you refinance, the amortization starts over again. That is definitely NOT a good financial decision, especially if you are trying to build any sort of wealth imo! Thanks for the info Michael!
    6
  16512. That Chinese restaurant looks like the one in “A Christmas Story!”
    6
  16513. I have a son that pulled this crap on me for two years. I had to push him out! Now he's fine.
    6
  16514. Thanks for posting, Michael. Its starting to hit the fan everywhere all at once. Another thing that will accelerate the housing sell-off is people losing money investing in etfs, bitcoin, gold, etc cause all of those markets are getting hit as well, and people will liquidate assets, as those crashes intensify.
    6
  16515. Houston is hella crowded. All these people from Cali coming lol
    6
  16516. I'd rather spend my home equity money on Michael Bordenaro merch.
    6
  16517. I won't be alive on earth in 40 years I'll be in my home in heaven.
    6
  16518. These people who are complaining about they moved clear across the country during pandemic due to work from home and now being required to work part time in the office.. it’s your own fault a lot of companies said this may not be a permanent thing. Always a risk of return to the office less your contract states 100% work from home.
    6
  16519. The problem is not wages. If you increase wages, the price of things will soon go up after that. The problem is the cost of things. That's what needs to be fixed.
    6
  16520. The Weather - whenever a national forecast says snow is on the ground in 47 of the lower 48 states, you know Florida is the snowless one...
    6
  16521. The Cheapest 2 bedroom , 1 bath cost $700.00 simple apartment . The Most 3 bedrooms / 2 bathrooms APARTMENT which is one of the newest in this region cost $1,300 a month gym, inground/outdoor pools, shopping center below your apartment , Movie Theater one mile away, tons of restaurant all over the place . University half of mile (very close ) .
    6
  16522. I like the enthusiasm, but at some point the math doesn’t work for home ownership by the majority. Things will most likely become like Eastern Europe where most families live in high rise apartments with tiny square footage. Either that or massive Social reform and redistribution of wealth. Turbulent times ahead. Americans without the American dream with turn their back on civility let alone unrestrained capitalism. They will vote for socialism for better or worse.
    6
  16523. In Australia the average buyer usually doesn't have an agent. The reason for this is that would an agent really say don't buy this property if they were to miss out on the commission? Its up to the buyer to apply due diligence. The bank will value the property themselves at the buyers cost and if their value doesn't match the price finance will be withdrawn. No one seems to have a problem with system.
    6
  16524. I told my friend who's from and lives in Virginia that west coast beaches are different from southern beaches down to the amount of sand/walking distances. Thanks for making this
    6
  16525. Really appreciate the efforts to explain beachfront because for me there’s no reason to be in Florida if not within 10 miles of the coast if not right on the beach
    6
  16526. My sentiments exactly...or at least within half an hour's drive.
    6
  16527. Thank you for posting these videos about the UNAFFORDALE HOA'S in Florida. Because of this, I have changed my mind to relocate to Miami beach. The no capped HOA's and the trainweck Desantis running and ruining Florida are major contributing factors to keep my comfortable ass right here in Jersey. I'll just travel back and forth to Miami Beach. You are a rare breed broker with integrity to expose the trends and facts for potential buyers. More blessings and prosperity to you. Keep the TRUTHS coming!
    6
  16528. I wonder what kind of effect it will have on the expensive cities that everyone is moving away from. California has seen a pretty massive jump in outbound residents and companies… Seems like the folks who stay will end up paying more taxes and housing will still remain high.
    6
  16529. Yes, right now is the best time to buy... for real estate agents!
    6
  16530. My parents left me with lots of bills to pay for psychotherapy. My therapist says life is not fair, I guess so.
    6
  16531. Keep telling the people the truth. There will be plenty of footage and statistics about those who ignored logic.
    6
  16532. I see u more than a mortgage expert. You have so much knowledge in the financial markets and things happening around us. Most so called “experts” are millionaires on tv with no knowledge of real day experiences like the common man.
    6
  16533. With 1k people moving a day from high tax states and multiple companies fleeing high regulations I don’t see the market slowing down anytime soon.... supply and demand
    6
  16534. This video was facts! Hopefully equity/prices keep going down! 📉 Mortgages rates saw a fat drop recently though, hopefully it’s just a blimp in the scheme of things! I see it’s sunny again! ☀️ Appreciate the hustle!
    6
  16535. I bettcha the mandatory Citizens flood insurance is to covertly subsidize the flood insurance and have them bank money for payout in future claims
    6
  16536. I enjoy your content and how honest you are. I would love if you'd make a video on Broward county cities (Coral Springs, Coconut Creek, Margate) the most recent update on the housing market in those areas
    6
  16537. Michael you might educate on CDD fees on new build homes such as in Tampa Bay.
    6
  16538. Who will want to rent in a mobile home park if the rents for apartments and now single family homes are declining substantially. You said it, most live in one because they have to.
    6
  16539. I don't see 12.5 million in that house. It should have a ton of property and a lot bigger. If prices dropped 50 percent, I'd break even where I was. Perfect you have to build or remodel or fix up.
    6
  16540. 3 for lunch today family restaurant, with tip $55...
    6
  16541. I have lived in South Fl for 25 years. I also hate when in Miami, anywhere you they speak to me in spanish first. I really hate that about Miami and im Hispanic
    6
  16542. I remember they keep public access on Longboat Key to a minimum. Tried to watch a sunset there one time and had to park in a Publix parking lot and walked across the street. (We grabbed something from Publix afterwards so we wouldn't feel too bad for using their parking lot. Lol)
    6
  16543. Big crash coming soon😮
    6
  16544. This is exactly why I never got a condo 😮
    6
  16545. Mike, my Birthday was yesterday the 6th. Now l will never forget your Bday. l love your content, personallity, and such a great vibe you give off. Really enjoy every video you put out and need you to know just how important you are to the internet creator space. I thank you so much and wish you a very happy Birthday my friend. Would love to meet you some day when l travel your way.
    6
  16546. I like trade schools, specific and to the point. I never understood the necessity of having the full science/math/english credits when it is not really needed for everything.
    6
  16547.  @MichaelBordenaro  And it's minimal government bureaucracy. We can use existing agencies to disburse and track the funds, purchases, and sales. It's not some overcomplicated Rube Goldberg scheme and it'd be good for everybody except (wait for it) big corporate investment firms and foreign buyers.
    6
  16548. Michael: Work from home (or a travel destination) is the best, if you are disciplined, as you are. Karen
    6
  16549. 40% down from 120% is not deflation or a good deal . 75% down is .
    6
  16550. I thought about doing this on a plot of land in the woods. On a foundation with a basement.
    6
  16551. GREETINGS FROM THE UK 🇬🇧 👍
    6
  16552. I started thinking about retirement at age 23. I'm now 42 and I have been retired for one year. So yes, retirement is for young people not old people.
    6
  16553. FL real estate is in demand/low inventory, maybe in a few years...
    6
  16554. Nice cost of living update. I agree insurance is a scam. I get called every wk to buy auto warranty ins and heard they avoid paying a claim at all cost. For the past 21 yrs I only buy liability, recently on one 2017 Camry for $298 per yr. No home ins, I remove all big trees near my house and don't buy in a flood area. Saved a huge pile of cash avoiding buying ins past 21 yrs. Going out for a nice meal and drinks is very high. I didn't pay that much for drinks going to a strip club in Hou yrs ago, and on tues included a free steak dinner cooked on a grill outside the front door... I would probably get sick and throw up after paying $120 for a meal if I wasn't a big mortgage broker in Miami...lol
    6
  16555. Thanks for the video I'm planning on moving in a few years!!!
    6
  16556. The feds are extending the agony , the house market it's like a plane about to run out of fuel , only one way it will go
    6
  16557. You think that neighborhood is old???!! Come to the Boston area, I’ll give you a new definition of ‘old’…a lot of properties here are Ancient old! Rusty, crumbling from layers of paint, single paned windows, knob& tube wiring, Oil heating….a handyman’s nightmare.
    6
  16558. Everything is fine. 🌈
    6
  16559. It’s simple: will the FED save the stock market/real estate, or the dollar? They will have to sacrifice one to save the other. I have my opinions but arguments for each have their merits.
    6
  16560. Is Port St. Lucie good town I’m looking to move there inext year?
    6
  16561. THANKS MICHAEL,.. STAY SAFE.👍
    6
  16562. Sad to see that even in your area you have Westchester/Hialeah/Little Havana third world front yards with concrete or pavers and nothing else.
    6
  16563. I moved to California from Florida now I'm Back in Florida I won't be Back
    6
  16564. Flippers Greed 👎 now you know why everything is out of wack!
    6
  16565. It's a 💩 economy down here in New Zealand also, you're so right about it being worldwide!! 🙃🌏 Thanks Michael for all your hard work, Much Respect! Fiona - NZ ❤️🙃🥝👋
    6
  16566. So much for the booming real estate values there.. not looking very desirable seeing the realities of Florida. Stay safe!
    6
  16567. Great video. I own a condo in clearwater and want to upgrade to a bigger place but there's nothing to buy. I don't want to be pressured into buying something I don't like either, so I can't sell. I don't really care if I don't sell my place at the exact top and lose some money. I'll wait until the dust settles and I can find a place that I like. I don't mind overpaying-- just not on a place I don't like lol
    6
  16568. Glad to see two guys doing one show
    6
  16569. I’m in Texas just moved into a new house and this is how my credit affected all the utilities; Internet extra 24.95 instal fee for < 760 credit Water - $120 deposit for < 740 credit Electric - $125 activation fee for lower credit Gas - $25 activation fee for low credit Credit check from landlord - $40 will not rent to anyone under 700 credit score
    6
  16570. Preach it Michael!
    6
  16571. Don't miss out on Cocoa Beach and Kennedy Space Center! That is my neck of the hood! This tour is going to be insane!
    6
  16572. live in Italy, you get 8 year leases. 4 years + 4 years (you can leave or renew the lease after the first 4 years for the same rent. After 8 years, the landlord can raise whatever.). I can't imagine "$400 more a month after 5 years" being considered "not bad" Salaries do not go up that much. It must be so stressful, you can never plan for the future. No wonder no one has kids.
    6
  16573. I can look up properties myself and always have. My realtors get commission Ms for most work I do. Beside Florida uses title companies anyway. If I sold my house now, commission, not counting other closing fees, wd be $30k!!
    6
  16574. Michael fails to realize that the money supply has expanded significantly since the pandemic, and for that reason the prices never come down the supply of money has increased dramatically due to the federal reserve money printing
    6
  16575. I went for a five legged stool by buying investment property in my early 30s. So in addition to small pensions from 3 companies, 401k savings, and social security, I have inflation protected rental income, and the option to sell a property if the need arises. This means I will probably be doing repairs occasionally in my otherwise retirement years. I have been trudging along earning 2 to 4% on my 401k savings and haven't taken any hits on my balances because I excited the stock market in 2007. Just saw today that just my current job has given me $122k as matching 401k contributions over the last 2 decades. A concern now is how to keep my income taxes as low in retirement as they were while working.
    6
  16576. The buyer is already getting gouged in most real estate deals. Commissions should be factored into the bloated price.
    6
  16577. The good old days of 5% or more APR is back to stay for a long period of time.
    6
  16578. Renting is NOT cheaper in metro Atlanta
    6
  16579. Would love to hear your thoughts on foreclosures in the affected areas, there’s probably 10’s of thousands in those area that r rented out during season to snowbirds and short term vacation rentals, with a damaged property the income to the owner is now gone and I’m sure many need this income to pay the expenses and debt service on the property. If their looking at extended amount of time to fix, many will end up in default.
    6
  16580. In my opinion bankruptcy is not a good option, unless you’re liquidating. Even then just liquidate independent of the courts. When McConnell and Bush changed the bankruptcy laws in 2007, all the good deals and ability to absolve debt went away.
    6
  16581. It could also be a greedy "seller" pricing low to create bidding wars. People like that have no respect for the property, having drained all the equity out of it and not maintaining the home. It is really sad.
    6
  16582. I can't believe the DOW went up over 800 points today. My Social Security also increases 8.7% in Jan. Medicare deduction will also decrease in Jan. I'm going to start spending my money, before the nursing home takes it all. Got no one to leave all my money to anyway.
    6
  16583. Hi Michael. Very good informative videos. Looks awesome in Florida.
    6
  16584. We stop the digital currency push by our federal government by not voting for the reelection of the congress and senators who are for this in 2024. Get em out of office next election.
    6
  16585. It's sad and perhaps being cold but it's really the buyers responsibility if they overpay. Real estate is generally a safe asset but like everything else, especially larger purchases it comes with risk.
    6
  16586. I listed my house with a “Top producer” the house sold but we actually never met in person
    6
  16587. Man I really enjoyed this vid. You guys are right on the money. Nice work!
    6
  16588. I like the walking the neighborhood format!
    6
  16589. Listen, don’t make me regret moving to South Beach.😂I’m glad I chose to live on a chill street. It almost feels like that was a world way. Lol. Love it.😎
    6
  16590. I am saving and sharing this video, Michael! Such important information! It would make me nervous to try to buy a place these days!
    6
  16591. Welcome to miami Oh, you forgot about the boating life and fishing 👍👍👍
    6
  16592. An amazing way to meet people. Call me old fashioned, but nothing beats face-to-face contact, but dating apps do have their great perks too.
    6
  16593. Hi ! I live in Europe and I think about moving in Florida for several reasons. For example,I got cousins there and I want to study there..But I’m really scared, and stressed,and study there is so expensive..
    6
  16594. When a person sees a ghost in their home I think it might be time to sell ?
    6
  16595. You want to talk about theft! I got a $4500. quote to install a new electric hot water heater. wtf!?! That's more than $1000 dollars an hour!
    6
  16596. It sounds like zoning issues, as well as the type of houses built that need to be looked at. Too many homes built these days are not "starter" homes and therefore out of the affordable price range for first-time buyers. In my humble opinion, there is nothing wrong with tiny homes. They fit the needs of many people. However, most places do not allow tiny homes. I agree that the fed is largely to blame for the housing situation. High interest rates have not slowed inflation down at all. High rates have crushed demand, hurt consumers, and inflation is still obscene. I think this recession will be worse than 2008. Life is that way, there will be lots of "great" events.
    6
  16597. Well fortunately PMI goes down too once you get to 20 % equity which for me will be in 3 years. And it looks like property Tax in Texas is about to go down too, perhaps @MichaelBordenaro should do a video on that also.
    6
  16598. Thank You Mike, the ways things are going , we need cheap houses, yes keep on looking if you don't mind.
    6
  16599. California has the highest annual net population loss of any state in the union....ALL OF THE UNITED STATE!!!! Florida has the highest annual net population gain of any state in the union! The number one pro of being in Florida..... drumroll.... you guessed it... It’s not California. Mike is being extremely diplomatic but let’s face it at the end of the day if California was better people would not be Fleeing... not leaving...FLEEING. I’m not saying that this is Necessarily an indicator or Barometer of social or societal health but even rich liberals like Joe Rogan are Bailing out. That guy is filthy rich and has a massive fire wall separating him from most everything, and he still can’t stand it. Stay away from California....Repeat unless you are Resolved to suffer needlessly stay away
    6
  16600. Like the video!! I think I like the walking videos better only because your outside the car and more connected to nature ( smelling the flowers, listening to birds chirping, feeling the breeze, finding treasures along the way etc..)
    6
  16601. I am saving by renting not for a house but retirement. Like if it works for a house, to rent to save to buy a home, why not retirement and rent for the rest of my life? My downpayment is getting added to month over month and making at least 5% a year. With some invested in the stock market making over 10% so..... I won't be making these kinds of returns paying over $425,000 average price of home and will be renting from the bank forever.
    6
  16602. Landlords shouldn't be charging $1,800.00 for a small and smelly 300 square foot 2 bedroom hole in the wall..
    6
  16603. Wow, the water is beautiful
    6
  16604. Hi Michael. Can you tell us more about retirement communities. Specifically The Villages. Or not. It is different from the rest of home purchases. 75 % cash. Only 1 of the realtors state there is a crush coming. The others give us a only slight increase in growth coming. So very frustrating. While it is different from the rest of Florida, I can not believe that the difference is as great as they are saying. They state we should buy now. It will just get more expensive in the future.
    6
  16605. Wow!!!! You gave us solid information on the market. My local news interviewed several different Realtors who encouraged home buyers to buy now because we in a HOT 🥵 Housing market.
    6
  16606. Your so fortunate you still have a wonderful Father!…:)
    6
  16607. Checks do get lost in mail. As a business owner, my husband and I write and RECEIVE checks weekly. It would be cost prohibitive to do certified so frequently. It's ok. Mistakes happen. They are nudging us to quit using checks. The controllers are very, extremely patient.
    6
  16608. im glad living in fl most of are state voted the right way!
    6
  16609. Special assessments for infrastructure projects are levied on single family home owners in some places...they can commonly be in excess or $20,000 or even $100,000 in extreme cases and are levied by the county, city or state. If you live in a place that uses that type of funding, you need to immediately figure out how to get out of there...now.
    6
  16610. im still 8-10 months away from buying. Guess its going to be a good time by then.
    6
  16611. Absolutely love this combo, you have to have him back on your show Michael.
    6
  16612. A old saying that I heard when I was growing up was “America love it or leave it “ Quality of life is not good because of crime Now to be fair some places overseas you don’t want to be out at night either so their are better places to live American greed is causing people to leave Why pay $2200 + all the bills to live there when you can live like a king on the beach for less than $2000 some place else
    6
  16613. I lived in CA all my life. Currently living in South Orange County and was born in San Diego. I can't see myself leaving at all. California has some great perks but definitely some major downsides, but for me the pros outweighs the cons. I love the weather, the national and state parks, I think the beaches are top tier, very good schools and colleges, so much food variety at every corner, and the job market is very strong, lots of big name businesses here. The homeless population definitely sucks, but in my area it's not that prevalent. I think South Orange County and the nicer parts of San Diego don't really experience the homeless issue. Cost of living & housing costs are pretty rough but that's just how desirable areas are.
    6
  16614. Hi Michael, I do believe that fed will cut rates sometime in the first half of next year. They are paying out billions in yeild and something that they simply can't continue doing.
    6
  16615. Another apartment building on my street was vacated as well the building looked very old and the balconies looked sloped. I ways looked at it for a long time while people were still living there and kept wondering am I blind or the redidents are blind but a little after the surfside collapse it was closed also. I believe there are a lot of unsafe buildings in miami beach. I lived on carlyle like 4 years ago and the roof of one of apartments collapse but luckily no one was home. I moved to bay drive now and a section of the inner ceiling collapse while my mom was on the bed. Good thing nothing fell on her and the roofs in the living room and one of the room was leaking very hard. Nost of the landlords are mean and don't want to pay for quality repairs. Be careful were you live in miami beach don't let the view or amenities fool you.
    6
  16616. Hey Mike B!. Happy holidays!. I was just in south beach Miami and wow, it's gorgeous out there. I saw that there's like a few islands out there that seems restricted. One of them I saw with security and a gate. I believe they're Fisher Island and star island. Some pretty houses on star island.
    6
  16617. Dave Ramsey has always been unrealistic in his advice. He is extremist on how much of your income you should save to the point where you’d be eating nothing but oatmeal if you followed his advice.
    6
  16618. I think the markets are starting to turn. Fed raised rates yesterday and by next week I wont be surprised to see 6-7 % mortgages. That and more foreclosures will balance out the market. Where I am in NC the DOM is getting longer . Thx Michael!
    6
  16619. I am moving to West Palm Beach at the end of May for an internship! I am originally from Nebraska and never thought I would be living in Florida! Your videos have been so helpful for me in preparing for my movie and feeling more comfortable moving to a brand new place! Thank you so much!
    6
  16620. Kicking the can down the road is Michaelspeak for not paying your bills. I speak Michaelspeak fluently lol Lisi, you two are in a gorgeous neighborhood again today 💚💟🙂
    6
  16621. I bought a flipped home. It looked nice, and I had an inspection, but there was a lot he didn’t catch. It was not a total nightmare but a lot of shoddy work. I can’t see myself ever doing that again
    6
  16622. Our agent keeps telling us buy now, prices will be up in summer. Makes me crazy.
    6
  16623. My Son is 25… so still waiting, I haven’t had to experience this yet, surprisingly! I’m afraid my patience is going to wear out LOL 🤪 my 20-year-old daughter is probably going to move out 1st, and that is really going to crush me, no doubt! Great Video! Thanks! There needs to be more videos regarding “seasoned” mature women and things that they have to go through and experience… thank you Mom! Nice meeting you!! You raised an awesome talented successful genuine Son!!! 😊💛
    6
  16624. Don't forget that Alabama has hurricanes also 😁. I think what might also happen to get insurance is that the residential building code will be become much more restrictive to resist wind and rain. I know its happening with commercial buildings to get insurance. I design commercial buildings every day.
    6
  16625. 'What's going to get people into homes' lower prices. Not incentives, plain and simple price slashing. The local governments should be doing their part by making it easier and cheaper to build
    6
  16626. Ohhh noooo!!! Almost 300K!!! You shall not passssssss!!!! :P
    6
  16627. Those bayan trees, are quite impressive.
    6
  16628. anyone who buys a house right now is insane and will have buyers remorse.
    6
  16629. My HOA went up by $50 and I’m already mad 😠
    6
  16630. Very good video Michael!!! Lets take this to 100k subscribers!!!
    6
  16631. Every video Mike is getting me more pumped to come back down. The 1st time I moved down to South Beach it was on Christmas. I liked moving down there during Winter because by the time the hot summer come, I was used to it and love the heat.. Then when I moved back to Ohio , it was during the winter also and that SUCKED...lol thxs for the videos
    6
  16632. Looking good Michael. Summer in CA does help the skin. Good way to live.
    6
  16633. On YT in recent weeks an elderly lady with her dog on a leash near the pond behind her house was 8 ft from the water and an alligator grabbed her and pulled her in while her neighbor watched in horror. The gator was maybe 6-8 ft long. Amazing how fast he got on the beach and grabbed her. You can watch for yourself. Those kids will be gone in 60 seconds.
    6
  16634. It’s a crazy society we live in, everything revolves around MONEY MONEY MONEY!
    6
  16635. No! I will wait until next year. We sold our home in June.
    6
  16636. I like your communication skill, and knowledge of economics and real estate I just sign on to you because I just saw you for the first time in the last couple days after watching all of Florida destruction. Watching from Laguna Niguel California.
    6
  16637. Great videos Michael! I am just starting my research on where to possibly move in Florida. Living in Michigan currently and am ready for a change.
    6
  16638. Question, with rents as high or higher than mortgage payments where are people going after they sell there homes???
    6
  16639. I’m retired living on SS in Phoenix and don’t make anything near $108,000. He seems to be doing alright to me.
    6
  16640. My family isnt worth hanging around for except the ones I ❤.😀lol.I lived in Florida before and have always wanted to come back anyhow.This is what we are going to be doing here real soon.Have quite a few loose ends to tie up before we go though. I think maybe these reasons can apply to just about any place. Its always best to live the life that will make you the happiest no matter what or where.Good food for thought.Thank you.Oh also it has been miserably hot in Michigan in the summertime as well (90°-100°)so anyhow Its awful I think everywhere in the summer lately 🥵
    6
  16641. After watching your videos we finally sold our one bedroom condo in San Diego and moved to our new home close to the beach in central Florida . Probably top of the market and a dollar for dollar exchange. Keep the videos coming. Thank you Mike.
    6
  16642. I'm fortunate to have an emergency fund for the condo that I'm purchasing. My dad passed away in September of 2023 and left me his mobile home and his 1979 El Camino. I sold the mobile home and am using the money from it to buy the condo.
    6
  16643. High prices and high rates its a wonderful time to buy....just kidding you can't buy anything unless you have a minimum of 20% down and that puts you on the low end of the chances.....super low DTI otherwise your not getting the 6.5% rate...your probably closer to 7%. Imagine buying a house that is 150k over valued at almost 7%.....4k a month for starter home 😂good luck buyers.
    6
  16644. I think it should be illegal for insurance to drop you for anything but non-payment. I think once you get it insurance policy with the company. That you’re insured for life. Unless you change your mind or don’t make the payment. Even if hurricane comes through and wipes my house out. I’ve been paying my insurance for 20 years you need to help me rebuild and I will continue to make my payments for another 20 years and you still need to be my insurer. Getting dropped because I need to use your service that I’ve been paying for. It’s total BS
    6
  16645. I'm praying for the rapture to come 🙏, that is the only home that I can afford now
    6
  16646. Hey Michael, is it me or does any else believe that prices (which are still high ) are manipulated by people in the real estate selling business…?
    6
  16647. Self fulfilling prophecy if you believe that you will never succeed.
    6
  16648. The reason is people living above their means. cause, you know, everyone gets a trophy. People need to live at their income level or get an education in order to earn more. But they just keep spending more than they have. Isnt that stealing or fraud?
    6
  16649. I agree with you bruh...... Florida sucks!! I'm moving to sunny California instead 🌴☀️🌴
    6
  16650. Yes it’s drive me nuts too latinos leaving in the US for years and not speaking English! And even more Uber Driver speaking only Spanish!! 😤😤
    6
  16651.  @MichaelBordenaro  I live in L.A. and am fluent in Spanish as I was not born in the USA and I thoroughly resent people who don't learn the language (my parents were like that - felt they didn't need to learn English). When strangers just start speaking to me in Spanish I tell them I only speak English here in America. I noticed in Miami food service workers were very rude. They probably didn't care for my Vietnamese husband and bi-racial children. LOL
    6
  16652. Watching all your California videos, is making me miss my favorite state. I love watching and remembering my time in Cali! Thank you for sharing your California experience with us. 💝
    6
  16653. I like the living room to be dark Because that's where I watch most of my TV and that dark lighting goes well with HD picture quality. Please do more videos like this. Also my mind was blown.
    6
  16654. First from Africa 🌍
    6
  16655. Iam thinking about signup you don't talk about the signup bonus and that they send cash back money every 3 mths do they do that with the $25 sponsor payments
    6
  16656. Good to see your eyes, your wife Lizzy, and the beautiful trail scenery! I think that you are correct about the fundamentals of the economy. Too many bad indicators to really believe that things are fine now or are improving at all. Credit and loan stats, the new and used car market, and everyone talking about inflation show me that it's not good now, nor is it going to get better any time soon.
    6
  16657. you should use adjusted price numbers; drop becomes much, much more evident.
    6
  16658. I kind of feel like an idiot work +60 hour weeks knowing people who don't work at all in some areas are getting paid. What a fool I am.
    6
  16659. What's wrong with 30 miles per hour driving
    6
  16660. First.
    6
  16661. Rents are going to crash in Dallas. I paid $2k for a one bedroom unfortunately that’s market rate right now. It’s even higher now. Two bedroom going for $2400+
    6
  16662. Congratulations Michael ! Sounds like you've done your homework, and as a subscriber to your Channel, I'm wishing you all the best. Now some old worries die, but as with anything, you now have some new ones. The best part, is now YOU get to make the decisions, not a Landlord.
    6
  16663. actual inflation is around 18% - 19% when you count food, fuel, and housing.......unless the fed rate goes above the real inflation rate inflation will not stop
    6
  16664. Yes, Walmart signed contracts to take big shipments a year in advanced. When they had shortages end of 2020 they wanted to lock in inventory for following years. I heard they have huge overflow warehouses filled to the gills in PA for the east coast stores. Some stores even have shipping containers stacked at the back of their parking lots. I'm not sure what items they have overstocked but they will need discounts to unload!
    6
  16665. As far as buying with cash, my guess is that people living on the coasts are selling and moving to more affordable places. jmo
    6
  16666. Keep up the good work. The strong job numbers today is because alot of the people that lost jobs during covid now need to work 2 jobs. And also because immigrants taking up jobs. I saw a fox video today where there had been a survey done where 74 or 76% of people asked said that they were dissatisfied with the usa and their economy.
    6
  16667. Just love the CA videos. You should do this every Summer
    6
  16668. If it comes down to 1. Delaying the banking system failures related to commercial real estate debt rollovers to after the election or 2. Fighting inflation . . . guess which choice they make!
    6
  16669. Michael, sometimes you can come out ahead by cashing out and taking a tax hit versus staying in the market too long and losing a lot more money than the tax penalty. There is normally a breakeven point but you have to watch what's going on very closely. Now, with this speed of light trading, it is almost impossible for the average retail investor to know when to jump ship. You really can't believe anything those self-serving brokers tell you. I tell friends when you accumulate a significant sum of money, even as low as $10K, the vultures come out and use their schemes to try to get it.
    6
  16670. Definitely grateful to see you walk through the desert making your video. Looks like it’s perfect weather out there too ☀️
    6
  16671. Yay recession is over!!! Everything is fixed!!! We can now live happily ever after
    6
  16672. As far as car buying goes people do crazy stuff to try and keep up with the Jones'. Also note that half of these new vehicles are leased as really only way they can afford. Good idea with the video can you go to other parts of Miami?
    6
  16673. Great footage of the dolphins! I dont want to be negative but after what we have gone through in NYC and are still going through conceal and carry is another reason!
    6
  16674. A guess but in 3 years you will nationwide see minimally a 30 plus percent decline in home values and rates will be lower since we might be on the other side of a recession. It will then be a great time to buy. But, even then, I'm not so sure home prices will even be at the bottom.
    6
  16675. The problem is right now that over 90 percent of U.S. homeowners have mortgage rates of below 6 percent and only about 6 or 7 percent of U.S. homeowners have interest rates of 6% or above. So the people with low interest rates will not sell their house with their 3% rate to buy a home with a 6 or 7 % interest rate. So that means that supply of housing could remain low for years and prices will remain elevated and go up even further.
    6
  16676. My good friend who is a super young Gen X, him and his lady bought a 5th wheel and have told me they never plan to buy a home unless they become suuuper affordable. It will be interesting how many people will be buying when they've already invested into alternative living situations. Maybe not a big percentage but could affect the trend if millennials anchor different permanent living situations. I'm boycotting the housing market as a millennial too. We have to get back to 25% of wage affordability range again before I'm even looking.
    6
  16677. Welcome to America
    6
  16678. That’s how we pay for all those who are entitled to free food and shelter! It’s not grocery stores price gouging! That’s why nothing will come down anytime soon! Let’s get real where do you think the money is coming from for all those services! 🤔
    6
  16679. As Mr. T might say, "Ah Pity the Fool that Wants to Buy a House Right Now!"
    6
  16680. I’m with you buddy! Keep it up! Hopefully a few folks are getting an education.
    6
  16681. I can see where they're coming from. There's so much uncertainty surrounding everything these days that waiting around for a cheap that can't be seen at the end of the long and winding tunnel doesn't seem like a good idea. Not to mention that there's so much disorder going on in society that owning a home might be a way to purchase some organization.
    6
  16682. I agree with you Michael there is to many sign of deflation.
    6
  16683. Don't forget we are gonna get slammed by Reinsurance. Reinsurance companies like Muchich RE are huge international insurance companies. UPC couldn't buy enough reinsurance hence the collapse. The losses exceeded their reinsurance. Reinsurance charges are going up 40-50%.
    6
  16684. Can everyone say GREED?
    6
  16685. In my opinion there won't be a housing crash, eventhough I want one. My prediction will be a 1% or 2% national yearly growth in home prices over the next year two. Slower than average. One must never underestimate the resilience of home appreciation.
    6
  16686. Michael, have you ever had breakfast at a place called First Watch? The best thing on the menu is called ‘Million Dollar Bacon’. You just made a good plug for them…lol! BTW…pretty sure a wise man once said, “Only a fool would pay a million $ for a piece of crispy bacon”….or it could’ve been in a fortune cookie I got from Panda….can’t recall. Thanks for the laughs on that one…you made my day, Bro! Keep spreading the truth about real estate…inventory flooding the market here in AZ…only a sucker would buy right now.
    6
  16687. This is also happening in mountain towns in Colorado. I'm a contractor and have had prospective buyers ask me to view the complex in which they are thinking about buying. Deferred maintenance from Covid era.
    6
  16688. Literally love all your videos
    6
  16689. Prices are lower because of seasonality no? The interest rate is lower now around high 6%. I wonder if home prices will shoot back up in spring of 2024.
    6
  16690. That was quite an adventurous experience you've gotten there! Very valuable info thanks for sharing it! :)
    6
  16691. Sadly I can ever afford to come home to Florida for retirement at these prices. Worked hard my entire life. My dream of coming home to finally retire at these prices is just an impossible dream
    5
  16692. I called around on cheaper home and car insurance today. Agent said price of paradise! I said that's BS it's what we're being told, a way for people to feel like they are privileged to live is Florida. All of a sudden after living here 33 yrs!!
    5
  16693. Great work, Michael, I learned a lot by watching your channel. 👌
    5
  16694. Oh good, I passed! I'm a positive person that wants to better myself. Thanks again
    5
  16695. We are not selling or moving. We are in our hometown that we grew up in. We own our home and it is all paid for. Great location and a retiree tax friendly state and No HOA, fairly low cost of living. Another cost to consider. Many goods and services are going up. Plus new regulation to replace newer appliances with more energy efficient ones. More effienct and lower monthly bills does not mean you will get the extra money back down the road. We need a new Central air unit(ours is 35 years old). Up North here they will still allow you to buy the SEER 13 units until inventory is used up(down South you need 14 or higher). Starting in 2023 they will no longer build the 13 SEER. What difference does it make in energy savings to move from a 13 to a 14? You save maybe $100.00 a year. So it would take around 12-13 years to re-coup your extra cost(unless electricity costs go up). If you go to purchase a 14 it will cost you at least $1,000(more likely $1,400) more to purchase that unit. So for example a 13 SEER unit with install(existing ductwork in place) may cost $5,500.00. In a 14 SEER that unit can jump in price to $6,500-$7,000 or more. (Think other appliance cost increases too) So you add costs like this and property taxes increasing, goods and services, HOA's, etc. You can see people in the future having more and more trouble affording to pay their bills let alone a mortgage payment. I doubt wages will keep up with cost increases. They historically have not...
    5
  16696. I hope home prices go back down to 80s prices lol. Or even better, pre 1971 prices 😉
    5
  16697. THANKS MICHAEL. 👍
    5
  16698. Palm coast kinda sucks. Lived here a decade and I genuinely don’t like most areas here but it has a few charms
    5
  16699. " ..... if you're an idiot, you're an idiot" literally made me Laugh Out Loud 😜😆😘 ~ Cali Girl
    5
  16700. Lucky me! Home owners ins just renewed with an $860 hike in Martin county for my 1968 home across from ICW. Still to high @ $5200 but lucky none the less as so many have gone up 10k.
    5
  16701. Do more video like this in Miami Beach
    5
  16702. Hey Michael, been watching your vids for some time now, really enjoy them! I really hope you get to 15k by December! Just a quick question about moving to a new city.. I plan to go to Orlando within the next few years, how difficult or easy is it to meet new people ? I feel like that's something a lot of people are worried about when they move someplace new... Could be a potential video idea?
    5
  16703. THOSE SMALL HOMES in florida under 200k perfect for adult singles too, ....yes better decor will change the whole house up!!! great video thanks
    5
  16704. Government and politics is a criminal racket.
    5
  16705. That steak is enough to feed two people
    5
  16706. The insurance companies are gouging practically everyone for unjustifiable regions. They claim poverty, but the numbers belie the reality. If an Insurance Company makes a large donation to a Candidate, that's a legalized Bribe, pure & simple. Perhaps Insurance Co-ops might be an idea going into the future to try to mitigate the price gouging?
    5
  16707. Sellers and realtors are waking up. Sellers thought they could wait it out until “spring 2023”. They are realizing it’s going to be a long slow grind down. Capitulation.
    5
  16708. WE ARE NEVER GOING BACK TO 3 or 4 PERCENT MORTGAGE RATES MY YOUNG BROTHER!!!!!!!
    5
  16709. I'M HAPPY BEING ALONE A LOT OF THE TIMES, WE HAD 9 KIDS IN OUR FAMILY, SO I'M GOOD WITH IT. 👍👍
    5
  16710. 25 years no maintenance is sometimes not a good idea
    5
  16711. 👍🏼👍🏼☀️
    5
  16712. I work for a servicer. Blows my mind that someone would think insurance is optional....yikes
    5
  16713. Skipping Christmas this year. I cook at home, spend as little as possible. No entertainment spending and actually going on line to see what is free. I agree that the gift returns are going to be high. Oh when grocery shopping I buy BOGO. No cc debt here yet I need to focus on the next coming year.
    5
  16714. Dude be careful. We don’t want to see you get taken down by a security guard for filming. A lot of people not working in the background.
    5
  16715. Yes, it is amazing how much money a small segment of our population has. 3/4 of people don't have $500 saved. Anybody thinking things are getting better is blind at this point.
    5
  16716. Another great video. Thanks Michael! ❤️
    5
  16717. If someone moves into the home your driver's license is issued to it is your residence. If you shoot the squatters in Florida at least you can claim stand your ground. The investment properties are different as the police consider it a civil matter. Another reason I refuse to be a landlord.
    5
  16718. #1, the heat and humidity will warp your rock maple guitar neck!
    5
  16719. Hey Michael, I am thinking about getting my license. However I am leaning more towards a base salary. What do you recommend where I can get on board with a broker right away where they have paid training while I take the real-estate classes and test? I understand I will have to pay around 1,200$ for the classes and tests+ NAR, but I do not want to risk that if brokers are not serious in hiring plus paying me.
    5
  16720. just a heads up... in PBC you have two years to pay your taxes but, in the meantime, someone can "pay" your due taxes and have "claim" to your property IF you don't pay by the due date. IF you pay your taxes prior to the due date, PBC returns the "stranger who paid your tax" money. I know this because it happened to a family member. Broward county I don't what their limit is BUT, what I do know about BC is: 66 years old and within a certain income, BC will give you a property tax reduction. How I know about this is: A family member will be calling them Jan 4 to put that reduction into play for next year. IMO, Florida is still the best place to be and Michael: Keep on doing these educational videos. You cover info that many people either don't think about or need to be aware of. :) Happy Holidays Roomies! :)
    5
  16721.  @MichaelBordenaro  as a first time home buyer the process is so daunting because it feels like not everyone you are working with has your best interest at heart. There are so many quotes, shopping around, etc. It is extremely exhausting. I admire those that have the possibility to buy all cash.
    5
  16722. Great vid man as usual, as said don’t be leaving certain states and move to Fl because you didn’t like how things were run. Then try to install certain type politicians who you escaped in the first place. Happy Thanksgiving!
    5
  16723. I'm not a fan of HOA. Not only are their rules restrictive, ridiculous and controlling but the members of these associations are nosey, combative, officious and just pure obnoxious. I'd love to see you do a video exclusively on HOA's. Love this channel!
    5
  16724. Michael, I think your channel is terrific. Just great. I have a few suggestions. First, I think about once a month you should define the Homestead Exception and how it applies to tax rates. Second, about once a month I think you should leave a listing's number sheet - i.e. property value, tax rate - on the screen longer and use your highlighter to just highlight the property value number, and then highlight the bottom right property tax amount. It would only take you a moment, and if done periodically, would let newer viewers know where to look on the screen. It would help. And, third I guess, I think you should periodically define "FOMO". You use it regularly and I'm sure some viewers aren't sure what you are referring too. These are suggestions, not criticisms. Lastly, I thought your interviews with your parents were terrific. Your willingness to be personally revealing about yourself makes your stories much more compelling. Thx, Jim in Denver
    5
  16725. I'm just north of Orlando in Winter Park. The house across the street from me was just listed 120k over the "zestimate". I don't know what the actual comps are in the area but I'm curious to see what happens with it.
    5
  16726. Hi Michael, I've been following your channel for a few months now and I don't miss a day. Congratulations for your videos in which one finds reliable information, keep doing excellent work. See you tomorrow!!!
    5
  16727. Do you have a video or not on Delinquent Mortgages be nice to know what’s happening in that sector?
    5
  16728. tell Barbara that everyone knows NY is dying
    5
  16729. The banks themselves have zero reserves.
    5
  16730. There is no way I would move to Florida and NOT live on the beach! A patio with at least a beach view is a must. I have also given up on finding a desirable, affordable place on the Atlantic. I'm going to wait until the market shows some sanity. One other point: I skip right past anything that is on the ground floor. They're going to be flooded.
    5
  16731. Hey Michael: If I have any wisdom to impart, it's this. Before making A BIG LIFE CHANGING DECISION, find wise counsel, from someone who is "IMPARTIAL!!!" [Oh how I wish I could get a do over on that condo I sold in 2016.]
    5
  16732. Another comment Michael, what is up with the insurance market, just read another article on how bad it is in Florida. People having policies canceled as well as ridiculous price increases
    5
  16733. Great video Michael, I was thinking the spring time would be the time to sell (in Florida)...still believe that but your point about...many others doing the same thing, and flooding the market is very valid. Guess I'll try to sell early into spring for the best chance. Think once the summer is over and kids go back to school the market in Florida will return to a steady decline unless interest rates drop. All of this is built on the idea that the winter up north will be a really bad one...leading those that CAN move...to give a hard look at Florida as a place they might want to be.
    5
  16734. thanks for the insight Michael, videos are very helpful in navigating this crazy ass market rn
    5
  16735. Wow, Michael, when you stated not long ago you could get a condo in the nice quiet area you just did a walk thru, for around $250,000 it blows my mind & breaks my heart all at the same time. If only me & the hubs could’ve retired 2 yrs ago we would’ve been able to pay cash for a nice place there. Now we can’t touch anything decent with a 10ft pole in most of FL. Two years too late.:( (I also smile when I think about how lucky you were to get that amazing condo deal in the same bldg you were living in. You are going to make a killing when you decide to relocate one day, whether selling or renting it out. What a fantastic investment you made in the nick of time. ) I read somewhere where someone said it’s not where you live that brings you happiness, well, lol, I beg to differ. It’s all about location & where you know you feel most at home. If the air isn’t salty, then I’m not at home.
    5
  16736. FSBO is the only way to go. Six percent my patootie.
    5
  16737. I just was recommended a video where the guy said you should not pay off your house, you should make minimum payments and put anything extra into the stock market. He had lots of graphs and things to prove the stock market will yeild more than 6% on average. Sure, if we repeat history that would be the better way to go but that is not guarenteed. I hope nobody follows that advice, it's crazy how many views it had. The better way is what Travis is doing, take advantage of the T-bill rate right now and when that rate drops down to normal use it as a huge payment. Gambling in the stock market is the worst advice I've ever heard.
    5
  16738. Canada is worse anyway because after 3 years the mortgage is readjusted!!! Mike B. on point & looking best without sunglasses🏝 Peace & Light !
    5
  16739. I'll take the rate hikes. I've made almost 4k so far in interest in my money market acct 👍.
    5
  16740. The house in Venice you referenced at 8948 Mondial Ct is owned by ......OPENDOOR!
    5
  16741. If you included taxes and insurance and flood insurance is it still cheaper to buy all things considered??
    5
  16742. Love your channel I’m moving to Florida, awesome neon sign too I’m reading the power of now lol 🦩🏝🦩
    5
  16743. People are stealing food. This is an indication of how bad the economy is atm and how hard the average American is desperate to keep the lights on and food on the table. Something needs to change
    5
  16744. Another great video, thanks. I never realized the cost of flood/ wind insurance would be that high! One question. If I find myself renting a highrise oceanfront apartment like yourself, am I still required to buy flood/wind insurance? Where I live, rental insurance is much cheaper than home owners insurance.
    5
  16745. Greed is the biggest indicator this is popping!
    5
  16746. Sarasota has a large art community.
    5
  16747. If any doubt buy a Volvo. Never let you down and will protect you an loved ones from mad drivers 😊👍🏻
    5
  16748. Its hard at first, but then it stops being so hard once you reach a climax.
    5
  16749. Love how you're illustrating the greed going on in this market. A lot of people are jumping in too late and just like with scalping for electronic goods they're the ones going to be burned the most. Not shedding any tears from them though
    5
  16750. Hi Micheal , Well we are officially Floridians , we got to tell the state we left to stop taking out taxes, that was a win ! The dmv was a breeze and the staff welcoming! We sold our house at the height of the mkt. but now we’re just chilling and not going to buy at the peak , hopefully we can buy next year at a reasonable price, we experienced the Red Tide for the first time , it’s reminiscent of CN gas and caused us some irritation n coughing, no bueno ! Great video as always! Oh , an great job on the weighted pull ups ! See ya around
    5
  16751. The amount of influence that the Fed has on our economic foundation especially past decade in; Federal, state, local Government spending, personal credit, car loans, Business loans for hiring and investment, and bond & CD deflation. We all benefitted to a degree from the low interest rates that the Fed fostered….now we are experiencing the consequences with Uncertain end!
    5
  16752. Hey Michael question for you, and you might have already covered it. But what are the impacts going to be to people building their homes right now with the "diesel fuel shortage" going on? Also are we going to see a price increase on home building materials due to shipping and supply issues and if so what are those who want to build a house looking at in price? Ballpark if you gotta bud.
    5
  16753. This is a very insightful comment. My own situation reflects it. First I’ll say that I got where I am starting from a relatively poor upbringing and with just a high school diploma, so I don’t much relate to the wealthy cohort of our society, even though I’ve been sufficiently fortunate to join them in the top few percent. I’ve been living in The Philippines for over five years, having come here from Boca Raton, FL, and I was planning to move back a couple years ago. The covid lockdowns with shortages on everything needed to start over in short supply. I looked back at America and thought, if there’s shortages on toilet paper then what will be my experience trying to furnish and outfit a new home (I’d sold everything when I moved overseas so would be starting from scratch when I returned, even needing yo buy a car upon landing back in Florida). So I decided to wait out the pandemic. But having done that I see the house prices up by an enormous percentage and inflation having pushed up all other costs. So I, along with my spending, will remain overseas until things normalize. That means my investment income is being spent overseas and not into the American economy, and it means my savings will remain locked up until home prices and inflation in general come back down to earth. The wealthy can sidestep these issues and would be crazy not to. Why should I pay 20-30% more for a home and new car if I can comfortably wait here in paradise? I’ll get back to Florida eventually to buy my dream retirement home. My intention is to continue to travel six months of each year anyway, and so I’ll just do that traveling from here until things shift in my favor back in the USA.
    5
  16754. Michael Bordenaro I truly admire people that enjoy living in Florida. I wish my body wasn’t so sensitive to the heat and humidity because all of my dear friends are there AND the love of my life... I could not even enjoy the beaches because it’s SO HOT 🥵. I bow 🙇‍♀️ down to you for being able to overlook that 🙏🏾. Enjoy it to the fullest 😍☀️🙏🏾🥂
    5
  16755. Love Saint Augustine 😊
    5
  16756. Michael I have to tell you something. I watch each of your videos more than once. Just to make sure I don't miss anything. So that's why my comments are edited lol I add more to my comment the 2nd time 🤗💗 These videos are so helpful! Hi Lisi 🙂How are you?
    5
  16757. Wtf happened to the world?
    5
  16758. If there are substantial layoffs and people end up having a hard time getting a job - then yes I agree.
    5
  16759. Deerfield beach is a cozy spot..not crowded like miami or other places on your list...saint Augustine is a nice place for cooler temp and less crowds
    5
  16760. Skip the trip to San Francisco. I don't think you would enjoy it. The last time I drove through Frisco (the locals hate that name!) was January, 2020 and I never even stepped out of the car.
    5
  16761. My advice for shoppers that if you qualify for 400k home Shop for 300k home and negotiate it down So even if the market drops.. your home payments is between 10-20% of your income & it can not hurt you as much even if it drops. But if the home is taking 30% of more of your income and it drops in price.. your house will become a chain around your neck.
    5
  16762. Round and round we go. Stop putting prices up and giving money away. This is just nuts.
    5
  16763.  @MichaelBordenaro  I love that you mentioned Tampa because I'm pretty sure that's where I'm headed. I don't wanna get too political, but let's face it; DeSantis is a kick ass governor and even my Liberal friends are wary of LA. The homelessness, the taxes, and the lockdowns are just too much for me even though I loved LA so much. I'll just have to visit instead. Thanks for getting back to me and keep your videos coming \m/
    5
  16764. What's with this bird-flu going around, they say it in cows meat and in the dairy. While we have people doing cook outs and fast food restaurants are promoting. I don't know. I'd stay away from the meat and chicken for now.
    5
  16765. they're vultures... 80% of them
    5
  16766. $1.4 MM and no garage! LOL!
    5
  16767. Michael - I recommend that you volunteer for your Board to get a taste of what it’s really like. Some owners refuse to pay their assessments, repair broken out window glass, falling down fences, treat cockroach infestations affecting their attached neighbors, etc. unless pressured. Just sayin!
    5
  16768. Great observation! Preach that truth, brother. 💯❤️
    5
  16769. They screwed the people who owned the homes. I can not afford to pay for others rent, property taxes, insurance for people who pay nothing for years. What did they expect?
    5
  16770. Thank you for pointing this glaring problem out that I have also noticed.. It speaks to your keen professionalism. It truly amazes me how little forethought & tact goes into so, so many of these photos. It drives me insane. What the hell are they thinking? And Realty offices post much of this crap as well. Absolutely mind blowing. Well done sir!🥂
    5
  16771. St. Johns County median home values are right on par with South Florida. It's expensive.
    5
  16772. Michail I agree with you on electric cars 1000%👍
    5
  16773. I think too, people don't want to spend their spare time maintaining the yard, pool, making endless home repairs. A lot of people work 2 jobs, or long hours. Plus, people are getting older and it's hard getting up on the roof or pushing a lawnmower when you get middle aged and older. Makes condos and townhouses much more appealing. I don't know about that no security deposit thing because someone can trash your place in 2 months easy and then the landlord can loose tens of thousands. Plus, in the end, this will make the poor poorer if they do these deals.
    5
  16774. Michael , this is not new it was in the news some while ago that some old man lost his house for only 98.00$ owning property taxes ! This is a cruel and unusual punishment and needs to stop ! Specially for elderly‼️
    5
  16775. And as soon as cities, states make a space for tiny homes, the big corps are going to come in and buy them up like they are doing to trail parks. The local governments need to but restrictions in place but they won’t. Those in charge are purposely making in increasingly difficult for ppl to live here. Everything is an unnecessary barrier. I hope the woman in Idaho wins her case.
    5
  16776. Very nice beach! It looks like on a calmer day the water would be perfect. Even with the waves kicking up it still looks great. Thanks for sharing! Highly anticipating the Annemarie Island episode too
    5
  16777. I don't feel sorry for those people.... why did they moved??
    5
  16778. Happy birthday Michael..
    5
  16779. Dude move, Florida is just California in the making as far as the cost going through the roof...
    5
  16780. Dude, you're young. Geez. You tryn to make us 35+ feel old?
    5
  16781. Here in Miami prices still go up. The market is nuts. I wish the value of my home would drop- it would lower my taxes and boost my disposable income! The Fed absolutely positively will not allow real estate to drop to levels regular people can afford. Too many crony capitalists would lose.
    5
  16782. Condo's come with monthly HOA fees. Not good. I'd only live in a home, with half the land equal to the home plot size.
    5
  16783. Michael, our rent is $1650 per month. If we wait a year, we spent 19800 we could have put into the house. Our budget is low $200,000. I think prices would have to go down 10% to equal what we would spend in rent waiting for prices to go down. Cash buyers in Jacksonville. Also good houses in this range are few but they do come up. Is this thinking logical? Thank you. I enjoy your work.
    5
  16784. I have heard some people tell me renting over the course of a life is cheaper than buying a house because of all the money you invest to upkeep and maintain the property. Curious to know if that is true. Personally, I still prefer to own knowing my monthly payment will be less then a renter over time and I will make up the difference up-keeping an asset I own
    5
  16785. I always wondered about the upkeep. the owner gotta keep cash ready to refurbish every 25 years or so
    5
  16786. Love your videos! I can tell you are very honest and don't like drama and click bait. If you were in my area I would use as my realtor but I will not be buying till 2023 anyway. I have a good education and a good job but I was laid off in the last recession and had to move. I lost my house also so I am speaking from experience. Once I know how things play out in 2023 I will start looking to buy again. But the biggest factor to supply is how many people lose their jobs. Also the elephant in the room is people who work out of their homes and moved to cheaper areas. I can tell 100% the first wave of people to lose their jobs will be contract workers. Then the next wave of people will be full time employees who work from home and satellite offices. Out of sight out of mind is so true. Unemployment is ultra low but the unemployment numbers will determine when houses drop back to pre-pandemic numbers!
    5
  16787. I’m going to be moving to Pensacola or surrounding areas, have to check it out. But I like the sound of cooler weather in the panhandle sounds refreshing after the summer heat. Greetings from Arizona 🌵
    5
  16788. Insanity is in question for paying 1 5 M for a 4/4/1 2200sf .12 lot crappy old house at the edge of the ocean that could submerged at high tide. Good for those sellers but daf buyers. Smh 🙄 am I missing something here, tell me?
    5
  16789. Hey look who hanging out together again….cool luv both of your videos… try to stay dry …this crazy weather ugh❤
    5
  16790. Thrifty, frugal, discount, cheap bastard.....these are some of the words that describe me in the last decade. Only way to survive is to control spending, some men will have to lock the wife in the basement for that! Back to San Diego this weekend.....camping of course! Timmy C Arizona
    5
  16791. Thanks for taking us on your beautiful walk, Michael! I can’t believe the sale price and rental price being asked for those two houses! So overpriced! Nice neighborhood, but man, do those prices need to come down! Who can afford that?! Saw a basic house in an Atlanta suburb that I grew up in, renting for $6,300.00 a month. I was astounded!
    5
  16792. Good episode, Micheal! Wonder where the next hot spot in America will be if current trends continue in Florida.
    5
  16793. You are the most reasonable and level headed, doom and gloomer I have seen so far.
    5
  16794. I was hoping to rent an aparment in Orlando (or Tampa) for the next 3 years to align with my budget. Ultimately have the goal to buy in summer 2025. I could buy now but I don't see the need to fight for an upside down home. Do you think rents will skyrocket or continue to follow the housing market? Also, it seems the rental prices are higher then what you are giving perhaps I'm looking in the wrong areas.
    5
  16795. California from a real Californian: - Highest Gas Prices in Nation ALWAYS - Highest Taxes in Nation (well 2nd to NJ) - Super Hot Weather (FL is like this too but read my next point) - Hot Weather Increases because it is too big, takes too long to go from point A to point B - The only good thing is the mountains and nature and modern cities but the same thing is negative that it's so big. - It's so big that it makes it an inefficient way to live. - Bad regulations, bad law - FAR AWAY from rest of the world and rest of the country, which adds to travel costs - California is only good if you retire on a cheap desert with a farm and can somehow avoid the taxes, thats it!
    5
  16796. I'd be interested in naples, fl michael
    5
  16797. California has a lot of "land banking"...people buying homes but not occupying or renting them...basically the property is a big gold brick to shelter wealth. It's a tricky balance between private property rights and freeing up needed housing stock but I fall down on the side of incentivizing the use of housing stock for actual housing. For that reason I'm for the proposed Santa Cruz law.
    5
  16798. Investors, speculators, wholesalers, flippers, Wall Street money 💰 🤑 plus low rates is why you can't afford a house.
    5
  16799. People keep moving to dallas and buying all the homes. Cheap houses were like the only reason to want to live here, but hey enjoy 105 degrees, cracked foundations, and slightly cheaper homes
    5
  16800. Florida doesn’t seem like a good place to retire with property taxes so high. Maybe it is specific to the town?
    5
  16801. As long as the person is disciplined I think this would be a great idea. Thanks for sharing your thoughts. Look foward to your next video. Much love from San Francisco, Bay Area.
    5
  16802. I'd maybe move back to florida but finding good paying work and proper work-life balance is difficult. Well I left 7 years ago so idk what's it's like now.
    5
  16803. Wow Mike! I'm new to your channel & I never saw any of your videos before but AFTER watching ONLY 9 minutes of this one, you are making ME WANT to live there!! 🙃🌹 Too bad that I can't afford a house down there & too bad that I burn like a lobster! But for somebody like me who hasn't driven in YEARS, that would be a good place for me to retire. Unfortunately though I will not live inside a high rise on a beach, as much as I want too. Are there bookstores down there? Are there any cultural/historical things to do? Are the people friendly?
    5
  16804. I still haven’t researched gulf side but wow I looked at Miami VS Saint Augustine July 2020 temps and Miami was hotter in the daytime everyday AND not just hotter at night but up to 9 degrees hotter for multiple days back to back
    5
  16805. Thanks for this video and your whole channel. Its great to be even virtually in Florida in this times... keep it up!!!👍👍👍😎😎😎🤘🤘🤘
    5
  16806. This young guy is a smart dude. He watches what to do after someone else did it and succeeded.
    5
  16807. What about Jacksonville is that doable wanted more info on this great video
    5
  16808. Well, another Great video !.....This is really good intel and perspective on life in Fla.....Hey, Michael, you're up 33% from 10K !!!....On your way to 100K !!!!!
    5
  16809. My first house payment was 68.94 in Alexander Arkansas. 1974
    5
  16810. Next they will be telling you who you can and cannot sell to.
    5
  16811. Can’t afford a house anytime soon but moving to Florida from Toronto in December.... hopefully there’s some rental condos/apts left lol
    5
  16812. You'll know we've hit bottom when the number of people doing "only fans" skyrockets for extra cash!!!
    5
  16813. I do think that being priced out is a real concern for many people. Sure America is a young country with lots of cheap land. And the average house is still only 4.5 year salaries in America. But in many other countries, including certain places in the US. You can absolutely be priced out of the market. I'm not saying that this is the right time to buy. But being priced out absolutely is a real concern for people without access to a high paying job. Heck it can even happen to people with good jobs in some HCOL areas.
    5
  16814. You are an encyclopedia. I am looking to move to FL from NJ in about say within a year. would LOVE to get more tips and suggestions from you. This video is amazing.
    5
  16815. Empty office building waste is only the tip of the iceberg.
    5
  16816. Florida is becoming a total con!
    5
  16817. Im looking at the space coast area. I am planning to move around Dec-Jan. Universe find the perfect home for me.
    5
  16818. Fastest is 35 minutes if your close to I 95 but it’s taken me as long as 50 minutes a few times. While I was working in Silicon Valley California I’d drive up to San Francisco for weekends and it was a pain driving 1 hour up spend all night till 2 am at a night club or event then have to drive an hour back home from 2 am to 3 am or even later that sucked 2 hour round trip but LA is even worse because traffic is so bad you take 30 minutes to drive 3 miles so people like my Mom are stuck eating shopping in her immediate area so if the restaurant sucks or the store isn’t good you’re stuck or order online I guess. Fortunately for her she in Marina Del Rey so most restaurants and stores are decent
    5
  16819. Great video! Happy New Year to both you and Lisi!🎉😊
    5
  16820. Have lost more than mail. Amazon shipped me a $400 invertor (showing what is in box) and someone at the post office wanted it more. In these times, the saying "check is in the mail" and it not showing up is sometimes a FLOATING process giving that person longer to make the payment good. The other side as to why this is done, is some states will place a warrant for arrest on ISF checks.
    5
  16821. What do you recommend I do to have an online bank account even though I really only deal with cash?
    5
  16822. Yes - I really miss the sea mist and the smells. It is a big part of the California experince!
    5
  16823. I'm a renter AND a landlord. Love it. Works out for the time being.
    5
  16824. Beautiful dress Lizzy you look "Fantabulous" today. Great video today on Florida Michael . . . Blessings to you both 😊
    5
  16825. This is so sad. 🙏
    5
  16826. When you go to Anna Maria Island you need to visit Robinson Preserve and take a bike ride. Its awesome.
    5
  16827. A classic❤ godfather
    5
  16828. I bought a waterfront townhouse on Miami Beach in 1992 for $115K. Sold it in 1997 for $132K. It sold again in 2018 for $380K, and now Zillow values it at $480K.
    5
  16829.  @MichaelBordenaro  I think about that all the time, but I try to make myself feel better by thinking that at least I'm healthy right now.
    5
  16830. Great vid! It is nice to get your account of the different beaches. I am hoping to visit FL within the year and sort of "plotting out" the places I would like to stay. Great to know this location would be best for a short visit vs staying multiple nights!
    5
  16831. Hay Michael, I have seen a lot of Shore Lines but never such Cool Life Guard Stations. Florida is Really Amazing. As far as interest rates go I agree with you It won't go below 5% for decades. I have been around for a long time, seen a lot of crashes and Learned a lot. Im in Great Economic position / Retired 0 debt No mortgages 2 homes lots of toys happy wife. Im saving for a Airplane , Like you say there are going to be some great deals in the years to come . Thanks for all do. Bob
    5
  16832. A lot of my cousins and aunts look Irish and we are actually Mexicans.. what people don’t know is that most Latinos are from European decent (Iberian blood) not only Argentinians although they have the highest density of northern European blood .. Italians are really dark I went to Italy in 2019 and I was not impressed they are not as good looking as they think in America they glamorized Italians too much.. Also Cubans decent from the Spaniards from the Canary Islands..
    5
  16833. I’m a Floridian I was born and raised here I live in the Riverview Florida area I live 3.6 miles away from my kids schools. It takes me an hour and 25 minutes to get there and back is overcrowded and the houses are falling apart because they built them too fast. Now all the foundations are cracking everywhere. There’s five houses on my street They can’t find homeowners insurance because no one will insure them now they were told to be self insured the taxes are going through the roof. The insurance is going through the roof and then this great governor that we have he went and seen all the immigrants away now we have got acres upon acres upon acres of rotten fruit and vegetables everywhere please don’t move to Florida take your money move somewhere else because this state is going to hell in a handbasket, it’s no longer affordable to live there. The truth, Floridians can no longer lives here we have to move out of here our state has went to shit.
    5
  16834. lot of us dont want to give up our under 4% rates and low property taxes
    5
  16835. A lot of people moved to Florida, for Disney world and The Villagers !!! Three years ago, one family in my region , moved to Orlando , because he end up with his Dream Job , working for Disney World as an Artist. They love it there . Plus his family working for Disney World.
    5
  16836. Nice! I have been looking forward to your videos because I grew up going to the Panhandle a lot and I wanted to see what your take on it is. I prefer bigger cities so like areas like Miami and Tampa Bay!
    5
  16837. What do you like on the west coast? How do you feel about st Pete? Will prices come down with this looming recession?
    5
  16838. No sunglasses anymore! You look so good without that damn sunglasses. Your eyes are beautiful.
    5
  16839. My experience. Pay insurance for years. Then need to file a claim. Then have to fight the insurance company to get them to pay for just the majority of the claim. The rest out of pocket. Screwed again.
    5
  16840. School is over, ppl have to move, new jobs, homes inventory is up.
    5
  16841. On the note of AirBB, my vacation town changed the zoning laws preventing short term rentals in some areas because AirBB was taking over and driving out all the rentals for the low income workers that support the local economy.
    5
  16842. Another excellent review thanks Michael. You appear to have a very good life style where you are and if I was in that location I’d probably be very grateful and appreciate what I’ve got. There’s an old saying the grass is always greener on the other side of the fence. Best Regards to both of you.
    5
  16843. Don't forget The Villages ! The largest and fastest growing 55+ metropolis in the world. What an amazing place!
    5
  16844. Great tour as always!
    5
  16845. You ain't seen nothing yet
    5
  16846. I’m not for government doing anything in our markets. You forget- we are the consumer! How about reducing regulations and make it possible for people to build their own home. It’s regulated to the point that only a contractor can build.
    5
  16847. What is the homeless situation there?
    5
  16848. Thank you once again for another day of real estate Ed
    5
  16849. I lived in New York during the heyday of rent control. There were tenants paying the same rent for forty years, in some very nice apartments.
    5
  16850. Your hair looks fine.
    5
  16851. The US is in crisis. Inflation and inflation. Too much money for a house. I am no longer spending my money to businesses. I’ll eat at home and bring my lunch.
    5
  16852. Why did the guy agree to it? Doesn't make any sense. Scummy for the mortgage company to even offer it. But at the end of the day, the consumer has to sign on the dotted line....
    5
  16853. You hear the airplane that would run me off right there
    5
  16854. Another good video. Lots of insight into small town life in Florida. Florida is so diverse in terms of the types of cities. It seems to be able to accommodate almost any lifestyle. Thanks for all you are doing. I have started reading more of the comments as they are a good source of information as well. It looks like you are gaining subscribers. I remember when you were much lower about the time the pandemic came. I started researching Florida with you around that time.
    5
  16855. Well Florida's tax laws will contribute significantly to my tax savings. With no state income tax OR capital gains tax in Florida thats just too hard to ignore.
    5
  16856. 🙏🏻🙏🏻🙏🏻Dear GOD💔💔💔 No high-rises for me . Maybe it was Foul Play?, usually there's warning signs before a building would collapse
    5
  16857. Since we’re snowbirds, we will be driving down to Florida in December. Fortunately our condo is in the greater Miami area and wasn’t affected by Hurricane Ian. Snowbirds going to the west coast of Florida and a goodly part of central Florida may be revising their plans due to flood and wind damage from the hurricane.
    5
  16858.  @MichaelBordenaro  "Spot on....." Agreed. I'm not a creator here on YT but yours has that personal touch w/out being too "schlocky" (haven't said that word in decades 😂) I play my vids at 1.25 & 1.5 speeds to get thru many of 'em & you came off great at 1.5, & (key!) under 20 mins w/out too many ads. If i may, two suggestions for increased "look/interest/clicks/likes/etc.:" 1. Hot looking babe/model/girlfriend mixed in, somehow, someway in vids. Both guys n girls "go for it/her." #SexSells #reality 2. Drone views/action; Just a little here n there, especially if you cover anything "high class." #justsaying #IMO #millennials
    5
  16859. Michael, no doubt we want to see more. Your style of presentation is awesome. No BS and you are knowledgeable about the subject. You seem to have a passion about FL.
    5
  16860. Good help is always hard to find!!! :)
    5
  16861. I used to force place insurance on both auto & mortgage loans as a last resort for the financial institution I worked for. Very expensive and limited coverage. Before you buy calculate all costs of your mortgage and if you can't afford insurance don't buy the property or buy it with no mortgage (use other funds).
    5
  16862. Yes, especially Florida. I might consider some other states.
    5
  16863. I’m a real estate broker from California. My best year in sales was when Jimmy Carter raised rates to 20%. Most of the sales were wrap around loans. That is basically assuming the first loan on the house, with seller carrying a second loan. The idea one would refinance in five years. The sellers loved it got their house sold, and existing lender got an adjustment in their rates. These wrap around loans were legal and the lenders loved them. Surprise ! I’m not sure if they still exist, check with your real estate attorney.
    5
  16864. So sad
    5
  16865. 1/4 hike in May
    5
  16866. Bottom line no one knows what s really going to happen🎬
    5
  16867. DESERT GREETINGS MICHAEL 🏜
    5
  16868. My dad and stepmom’s house looked a lot like your family’s house…same layout and white with burgundy shutters. Cool! We had two huge oak trees in our front yard. Six kids would climb up one at once.
    5
  16869. Finally about to put my home on the market in two weeks! I hope I can still get the right value out of the sale to purchase my pending new home. 🤞🏻
    5
  16870. Bought a great old house inland last year--but SO miss the Coast! Back watching your vids. Thanks, Michael. PS like the neighborhood walks & I'm fascinated by all the creative fence designs!!!
    5
  16871. I’m looking in several cities to relocate to but I’m not seeing what you are talking about considering the downward slide of home prices and the housing prices I do see dropping in other cities all in the Southern states are in small percentages, I love your videos and want to believe you however I’m just not seeing it, maybe the areas I’m looking in are so popular prices maybe will never drop 😢
    5
  16872. Thanks for the video....I have to say, bro you look exactly like Jorge Masvidal at 9:59 lol
    5
  16873. nice vidoes, i enjoy watching them. will be interesting to see how it all unfolds. we are waiting, have been priced out of this market long ago. you mentioned you are in FL, do you assist with purchases in st.pete? (when/if the right time ever comes).
    5
  16874. Hey, I thought you said you would cut down on Real Estate stuff. Ha ha. I'm just playing with you. I love this post and dare I say that this is my most favorite video of all videos you have ever made. Your personality is so infectious. So interesting seeing these Real Estate listing fails and made me realize some people don't have any common sense. Thanks Michael.
    5
  16875. I've looked into florida 55+ manufactured communites and some of the leases are up $1000 a month.. thats ridiculous. the people living there are seniors and the investment companies are raising rents.. this should be illegal.
    5
  16876. Well, people who lost their job because of the pandemic would have been on the street with a deadly virus going around. We saved a lot of people, and now we are paying for it. It's a little narcissistic to say. let's put a waitress on the street with her kid because restaurants are closing down. There are two sides to this coin, in my opinion. Maybe we should have just been paying landlords directly or some other program like that in very specific cases.
    5
  16877. You would also need to carry the Homeowners Insurance if you have an Umbrella Policy.
    5
  16878. What happened to you previous no. 1 - St-Augustine ?
    5
  16879. Michael, it depends WHERE you live in FL. I'm in N. FL, and recently switched auto insurance. Now I'm only paying $303 every 6 months.
    5
  16880. The homes in Chicago may not be overvalued but the property taxes kill your affordability.
    5
  16881.  @MichaelBordenaro  , same in Texas, they misspelled it, it should be Taxes.
    5
  16882. People think the country will become more divided over the coming years. I believe the opposite. Unfortunately, the utter and total poverty will be what reunites 99% of this country. 🇺🇸 🤝 I love your videos Michael.
    5
  16883. Beautiful video Michael!
    5
  16884. Love the throwback pic of you holding the gator. :-)
    5
  16885. There is less people alive to prop up the markets. The monthly death rate due to all cause mortality is off the charts. Ask life insurers. The birthrate is catastrophically low. My school district is consolidating schools due to a lack of children. Everything is going to crash with the population crash. It will be a completely different world if it ever recovers.
    5
  16886. I live in Florida! I love ❤
    5
  16887. Still way over priced who cares about the rate.
    5
  16888. construction. lawn maintenance. fed ex diesel. ....jeez, can't even get a peaceful walk in miami.
    5
  16889. Great advice. Inventory is becoming the bigger problem. It’s like the market has seized up.
    5
  16890. Just a quick point of clarification, I think that Cape Coral is pronounced like coral in Coral Gables.
    5
  16891. Yeah I agree - that kind if home we wanted was selling for anywhere between 190-240k in late 2019 when we started looking to buy. Interest rate was fair and we could afford- then those holes similar to what we wanted shot up to 350+. Even at those low rates it priced us out after adding in mortgage insurance blah blah. I’ve been waiting for this! Curiosity- I’ve been dating homes are inflated over-priced this whole time and many are not actually worth that. Do you think we will see a lot of those who bought upside down?
    5
  16892. It is actually not the Karens that are to blame for CREATING the laws. That blame should be applied to the lawyers that the big builders hire to write their HOA rules. However I do agree that the Karens are to blame making living in HOAs a living hell. They are retired and have nothing else to do but make sure the absolute letter of every law is followed. I agree 100% that they are on power trips for sure. I also agree the rules in HOAs have gotten way outside of their original purpose.
    5
  16893. In Florida, the counties that had mask mandates had higher death rates than counties without them. If you don’t like wearing masks, don’t wear them. Most businesses, at least on the west coast where I live, won’t kick you out. If businesses start getting a sense that customers are more likely to shop there if they don’t have to wear a mask, they will reverse their policies in a heartbeat. It’s up to us to be proactive instead of being complicit.
    5
  16894. In the 80s my husband was a truck driver took a load south by Miami was there hours and hours could not find anyone that spoke English to get unloaded ! And we are from central florida! Cant imagine how it is now! Nothing pisses ya off more .
    5
  16895. This kind of nonsense drives me crazy!!! The worst is when someone hangs out in one lane, waiting to get into another...especially when they have the space available to get into the other lane, but are not being "committed" enough, and just wait until traffic starts moving again, holding up people in the first lane.
    5
  16896. I was really surprised when you stated most people don't have a score as high as 680. I thought that most people had scores at least in the 700's. I've been freaking out because my score went down a couple points to 812 over the past 3 months. I guess I'm doing pretty good.
    5
  16897. Happy New Year Michael and everyone else here 🍷
    5
  16898. There was a zombie walking behind you lol
    5
  16899. Grandma yellen says .........."Everything is just fine"
    5
  16900. I am a pharmacist and there are remote processing jobs available for us to process prescriptions remotely. But it's usually 2/3 of the pay and no guarantees on the growth of this role from a health care perspective.
    5
  16901. Why do I get the sense that the private insurance industry does not work for home buying😤 ?
    5
  16902. No, limiting the investors would hurt the owners.
    5
  16903. If I sell my house to my children, I will have to sell it to them at full market price. People involved are very wary of giving your house away to your relatives. So I am very willing to wait until the market stabilizes even if it takes two or three years. It just simply must be done. Waiting.
    5
  16904.  @MichaelBordenaro  "A great deal" is in the eye of the beholder sir, amd is not necessarily based on price and price alone. Some people may be looking to get into a specific school district. Some people may want a certain sized yard. Other people may want to never hear another neighbor talking through their walls again. "Great deals" mean something different to everybody and everybody has their own level of tolerance and what they can afford when they can afford it. Homes values have only dropped 6 out of the last 85 years , and five of those were 2007-2011. So what are the real chances of someone "waiting" their way into a house ? Almost none. You can't time the market , isn't that what everybody says ?
    5
  16905. I agree with this narrator on many issues, but on teacher pay it is above other professions. I was part of an audit of a school system in a large state. Beginning salary was over 65k. After about 5 years this goes way up. And the retirement made the military retirement look small.
    5
  16906. That sounds crazy to jeopardize or forgo moving into a home for a wedding. Especially considering that statistics show it will end in divorce within 3 years, and that was before the Pandemic. So just imagine what the numbers really are😂😂😂😂😂😂
    5
  16907. Renting is a good choice for people with certain circumstances. Buying is a good choice for some people with very specific circumstances. I find a lot of value in renting, honestly even though I'm a condo owner now. I think if you aren't gonna stay in a place for 5 or more years...(or maybe even 7) then buying is a bad idea.
    5
  16908. In CA, it can take a year to evict someone. The government offers free advice to tenants on how to avoid evictions. All paid for by the taxpayer.
    5
  16909. HI Michael . From the UK . Im Amazed To keep SEEING that When they Build those overpriced Houses .. THEN SEEM To Never Want to put a Safe Sidewalk .. People just Have to walk on the Road ... Pedestrians Dont matter Anymore . its like THE UK All the CARS On the PAVEMENTS . Whats happened to LAW . . Great INFO l again Michael agree with lots .
    5
  16910. This. Is. Why. So. Many. People. Are. Homeless. It's. Pure. BS. Soooo. Glad. I. Live. In. Mexico. Property. Taxes. 100. A. Year. Water. Bill. Is. 12. Dollar. A. Month. And. Electric. Bill. Is. About. 10. Dls.
    5
  16911. The infinite growth paradigm that we have as an economic model is the biggest factor of most of the problems we have..
    5
  16912. I can easily see the average homeowner losing another 10% of equity by end of this year. Think about it- they lost 5% in last two months. I think there will absolutely be a crash question is will it be end of 23' or sometime in 2024.
    5
  16913. Maybe first or second, close 3rd or 4th
    5
  16914. How do you propose to the landlords about your short-term renting/lease business plan?
    5
  16915. Just think..your apartment rent may be less than many are paying for just property tax (i.e. 1/3) of home cost. If you don't need a house, that 2/3 of remaining cash can go to real investments rather than something that just eats money
    5
  16916. Another high quality video, Michael! I know I have commented in the past on previous videos of yours about my desire to move to Miami Beach in the beginning of 2020. I love Miami Beach because the energy/vibe in the city is second to none to me. From the rich history to the diversity there really is nothing else like it. But I also recognize I can really only live in Miami Beach as a young adult, it's not a city where you can raise a family. When it comes time to raise a family the most attractive city in Florida to do it would probably be Orlando for the cost of living or if money isn't it a problem the West Palm Beach area. I was also in St Petersburg back in September for vacation. That city was super nice, it was a pretty laid back area. I didn't sense the energy like Miami has though
    5
  16917. I do love all the info but if you could include more like post office library grocery store etc daily living approximate distance for families schools and crime are important as you already included
    5
  16918. Just because there is a number in a jobs report from the Biden administration's Bureau of Labor Statistics does not mean it is necessarily so. That's the bottom line of a Fox Business report Saturday that said in the first 11 months of 2023, jobs reports overestimated the number of jobs created by 439,000 positions. Just like you said. lol
    5
  16919. Yes, you analyzed this correctly, as is the norm for this great Show!
    5
  16920. And for Surfing , New Smyrna Beach and Ponce Inlet are great surf spots . The waves on the North East Coast of Florida are pretty good. Not all beaches in Florida are flat waters
    5
  16921. I can't see myself leaving LA. Yeah it's pricy but you just have a lot of options for stuff to do besides water activities
    5
  16922. What's the point in retiring unless you can do it in Caligulan splendor?
    5
  16923. Hi Michael 🥰 thank you so much, I’m definitely learning a lot with you. It’s very interesting and you were absolutely right about sea side it does look like European in certain areas. If you can, can you talk about the job rates(money)and what’s more popular when it comes to occupations. Thank you 😃
    5
  16924. Another excellent and factual post,,,thank you for the honesty
    5
  16925. Always great content, stay safe my man 👊
    5
  16926. I like the house, wish more places would have restrictions on ABB, think about living next door or on the same street and having renters coming and going multiple times in a week. Detracts from the neighborhood and diminishes property values.
    5
  16927. You two together are solid gold! So much information for everyone, helps people know what to do.
    5
  16928. Michael the only criminals are those in government. Now you can’t have an empty house. I thought we still lived in the USA. These people are nuts. Great video, like always.
    5
  16929. I want an electric car. Our budget to purchase is too small for what is on the secondary market.
    5
  16930. Man here i am in the nw suburbs of chicago, not cook county, paying 8k a year in property taxes on a 300k house.
    5
  16931. "U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago." Zooming out... “But even with the large year-over-year increase in foreclosure starts and bank repossessions, foreclosure activity is still only running at about 57% of where it was in Q1 2020, the last quarter before the government enacted consumer protection programs due to the pandemic.” Peek foreclosure was over 550K in Q2 2009. No one doubts that foreclosures will continue to rise coming out of the pandemic-initiated pause. It will be interesting to see the number at the end of this year and going into next year.
    5
  16932. 1
    5
  16933. Lets not forget wages have not kept up with costs. A single blue collar job income was enough to afford a typical home 30 years ago. Good luck doing that now, there's dual income families that still cant achieve that.
    5
  16934. If I ever do sell my land the first thing I'm going to do is go to McDonald's and buy a $18 Big Mac meal..... Just kidding I wouldnt eat that s*** for$5
    5
  16935. Although I largely agree with you, you forgot in your 1997 analysis to consider the premiums on the physical gold and silver you purchased. Also, you are not going to find fractional gold that precise either. The smaller the fractional gold, the higher the relative premium. Also consider that "looking back" is a bad predictor of moving forward. If I wanted to play that game, I could tell you that $1,000 of Aapl stock in 1997 would be worth $204,000 today. Kind of kicks the yellow metal right in the teeth. I love Gold and Silver but they are barely good at tracking inflation much of the time. Add the premiums and you may not even do that consistently.
    5
  16936. Great information and speculation. I’m still patiently waiting, but found a really cute house last night. Seeing this has convinced me to continue my wait.
    5
  16937.  @MichaelBordenaro  I hope people watch this before sinking their money into a real money pit😂
    5
  16938. Michael for people renting in pretty much any big city in the United States if the person is single how much of their income do you think goes to paying rent? 30%? 50%?
    5
  16939. I live in Newfoundland Canada and Winters are 6-7 months long some years. I am a sun lover and agree with everything you have said. You say it with such truths as well. I usually can get to Florida for 2-3 weeks every year, except this year. Good thing I finally found a good Vit D supplement that actually works. I am looking forward to the day when I can spend more that 2 weeks in Florida and feel how you are feeling. Thanks for sharing your videos. They are uplifting to watch!!
    5
  16940. Saw this earlier on Twitter glad you’re both okay pretty shocking
    5
  16941. I think that the pretty much default move of everyone waiving inspections was even worse than ridiculous, it was insanity!! And people would tell me it as if it wasn’t a big deal “Yeah if you wanna get a house you gotta waive the inspection or you won’t get it.”
    5
  16942. I had a job with a $72K + commission in 2018 in Arizona and the base was enough to cover my bills on a very nice lifestyle. Now my lifestyle is the same except I live in a smaller place not quite as nice. And it takes my $100K base to break even but I have commission and side hustles. Groceries, car insurance(perfect record), health insurance, general services is what really seems to hurt financially. And I guess gas too
    5
  16943. They also are buying storage units and raising rates as well.
    5
  16944. Don’t get govt involved.. things will balance out, investors will get burned
    5
  16945. I’m a realtor in LA and I HATE how other agents are so gung ho about the market all the time!! It’s BS… yes of course if you can hold for 100 years everything is fine but life happens in between and timing is important. Don’t get me started.
    5
  16946. Well, that was depressing. Lol
    5
  16947. Love the throwback pics of you Michael. ❤️
    5
  16948. can you also talk about health insurance costs on top of all other costs? that's an insane cost to me even with insurance. If you are poor, you get help. If you are super rich, it doesn't matter, but everyone else is screwed. The deductibles, premiums....insane.
    5
  16949. I can tell you speak from experience 👍🏻
    5
  16950. Welcome back to Miami Michael
    5
  16951. Looking in SC, FL got too crazy!
    5
  16952. I have lived in California for many years and been to all California beaches. There is no way you can swim in California beaches even in the summer. Water is just too cold. you can only get your feet wet and surf and that's about it. Especially in northern California beaches the water is like ice and very cold. If you love to swim best bet is to go to Florida where water is warm mainly in southern parts.
    5
  16953. 4:24 btw that his boat. for those who are wondering..😁
    5
  16954. kinda a stupid question but in winter and fall, when does the sun set? Where i currently live in fall and winter time it gets dark around 4-6, but since its alot warmer in florida does the sun set later or not ?
    5
  16955. Nothing is a stupid question ...wondered that myself
    5
  16956. Can you spell g.r.e.e.d?😉👍
    5
  16957. People buying houses right now are nuts.
    5
  16958. I reside in the Minneapolis area. Know someone that works at home depot. They had someone come in, grab a garbage can, walk through the store filling it up, and walked out the front door. Nothing was done about it. Management just followed them around the store and watched. No police called.
    5
  16959. Michael, thank you for bringing this up! Everyone, always look at past purchased prices. Many are fixing them a bit and increasing by 100%, 50,000 , 30,000 more per year and this is so outrageous, and so wrong! Don’t fall for it, and pay this! These properties do not appreciate at this rate! Get with a realtor who is honest and guides you , and helps you with the biggest investment of your life! I believe a reasonable yearly appreciation is normal. But salaries have not risen to level, to buy these purchases. Please think before purchasing, especially now!
    5
  16960. Don't be so harsh on others you think are wrong about predictions. You've been predicting an imminent recession for 18 months.
    5
  16961. The park looks alot like the one you visited in Ocala.
    5
  16962. Wow...these houses are really cheap in price but I have heard that florida has got sinking holes in it which can occur anywhere in Florida.....
    5
  16963. 8:21 Guard came out like he was going to have to kick some azz
    5
  16964. Sunsets on the beach is one of the best pros of the west coast of Florida in my opinion! And that’s really cool that they clean up the beaches everyday in Miami, I didn’t know that. I wish they did that here in Panama City beach. The trash cans on the beach are pretty much always overflowing in season and people often leave their chairs and tents etc on the beach when they go back home.
    5
  16965. luckily my landlord did not raise my rent at all event though he could raise it $600 per zillows estimate. ive been a good tenant though. im going to wait this out until i have a deal. thought i may rent hack.
    5
  16966. So far rates have stopped some buyer's but desperate people will pay anything to own a home right now this isn't ending with out a 6 month supply of homes to choose from perhaps that will come someday....in 2007 it seemed the party would never end but then it did end. In fact all parties end but if you bought in the last 16 months you'd wise to push the narrative that prices will go up YOY forever especial if you need to move in a few years...maybe wages will increase 30% YOY and it won't matter 🤣
    5
  16967. I'm the same way, I can totally relate.
    5
  16968. I'm going to guess that the lower priced homes make up such a small percentage of the overall sales market because they just don't exist. Everyone thinks there 600 square foot "house" is worth a million dollars.
    5
  16969. Michael, can you do a video on our safety during hurricanes, a lot of people think the hurricanes damage the buildings v bad and sometimes can kill us even if we are inside the apartments. Thank you
    5
  16970. Raise Rates Higher Michael
    5
  16971. John Taffer of bar rescue says people need to get used to the $30 hamburger 🍔
    5
  16972. Big time disaster is on the way!
    5
  16973. Nice park Michael ! Saw 6 month CD 5 per cent. That is the highest I have seen in a long time. Bank failures could keep interest rates down. I enjoy your channel.
    5
  16974. I’ve had a place in Naples for about 10 years, I’m 73 years old and ready to move out of my comfort zone, I’m finally leaving NJ and all those depressing winter days. Your 5 points were right on the money, I’m looking a healthier life which I know I’m getting in Naples. I know this time I’m leaving NJ and never having to go back, it was inspirational to hear you speak and know I’m making the right decision..
    5
  16975. Michael, do you know anything about mountain real estate in beaver creek, vail, or aspen?
    5
  16976. thanks you for making this video because i was about to make the same mistake
    5
  16977. Moving to Orlando next year! Thank you for your videos! They have helped me out a lot.
    5
  16978. good topic choice about self insuring
    5
  16979. Florida housing is now MORE expensive than the state of New York. For the first time in history, the median home value in Florida has surpassed the median home value in New York state. Florida is now the 18th most expensive state with a median home value of $345K. New York is $341K. There's no state income tax but wages are much lower in Florida than most states. However, I'm glad the $15 minimum wage passed in Florida. I'm disgusted with the anti mask, anti vax attitudes. These attitudes were extremely selfish and resulted in 61,000 COVID deaths in Florida alone. That's 30x more than Australia. Embarrassing. With 75,000 new cases a day nationally and winter upon us, this pandemic is far from over.
    5
  16980. It looks like Ocala.
    5
  16981. Austin is worse.
    5
  16982. Good to know because even in different Florida cities it might be the same comparison ☕️ 🍳 🧺
    5
  16983. So pretty there. Too bad the state is ridiculous
    5
  16984. If I ever move back to Fort Lauderdale I'm calling you as MY REALTOR......You have your professional act together!!
    5
  16985. There are a couple of dealerships I drive by on my way to work in the morning and both lots are full, people aren't buying these overpriced vehicles. Even a modest minivan for the family will cost you an arm and a leg nowadays, it's ridiculous.
    5
  16986. I just can't figure out where in Florida to concentrate on.
    5
  16987. loved this video, please have more real estate guests on. How about a real estate insurance broker?
    5
  16988. I really want to sue my local NAR. My case is strong. Instead I did a diy sale recently so nice zero commissions.
    5
  16989. thanks for sharing your situation, sounds like everything is so expensive !
    5
  16990. Great active community, good to get a perspective from younger folk! 👍 🤣 Looking forward for your other videos.
    5
  16991. I work for a storage facility in Colorado springs. My 10x20s went from 285/month to 99 and we still have 100 units empty in a 400 unit facility
    5
  16992. An EV vehicle is ridiculous purchase. The car battery dies in 3 years max ( FL). That costs ya at least 15k! For a freakin battery. PASS.
    5
  16993. Thanks Michael for the info 😊
    5
  16994. Heck yeah I love the higher interest rates. I have first world problems in the form of a big savings. I get 3.6 percent from TAB bank and 3.4ish from my CITI savings accounts. I also have been buying short term cd’s from my brokerage and ira accounts yielding about 4 percent. Come next year, I plan to buy longer term cd’s for my ira accounts; 3-5 years. Maybe more. Perhaps half my ira money will go there. At 50, I am pivoting towards some stable income. Why. Ot when most equity dividends are less than fdic bank interest? I still love my precious metals but bout heavy before 2020 and can not buy silver at these premiums; just a little gold
    5
  16995. Wow! What a scary situation for the home owners who almost lost their house, after having paid it off! Glad that crisis was averted! I hope the scammers were caught! Thanks for sharing the info about making sure that the owners have to be contacted first! Another great video, Michael! :-)
    5
  16996. Well done. You didn’t mention my favorite Florida places. So I’m safe from the crowd.
    5
  16997. Great topic Michael. I’m interested to see how this trend goes, some are predicting a crash.
    5
  16998. Sonic the Hedgehog from Florida.
    5
  16999. Unprecedented 2-3% mortgage rates made real estate too cheap to ignore by both big investors and smaller ones. That lead to extreme demand in a very short time. And now that rates are so much higher these investors don't really want to sell with those juicy 30 year fixed mortgages and rising rents. In other words, by fearing deflation, the Fed created a horrible reality for the average American. Why? because for the average American, their income has actually deflated by multi digit percentages compared to the costs of living. I don't know how long this imbalance will continue but I think it will be years.
    5
  17000. Thanks again Michael for your updates it’s very much appreciated in these difficult times. Best Regards
    5
  17001.  @jasonb4770  There were numerous news reports of people who had not called any roofers finding roofers at their property measuring the roofs and pushing over priced "no cost to homeowner" roof replacements. Insurance companies have responded to this legal bilking practice of roofing companies by closing Florida operations. Without some legal changes Florida is mostly out of luck with getting companies to write new policies.
    5
  17002. I agree, St. Augustine is beautiful! Too cold in winter though........
    5
  17003. I've watched your channel now a few times and find it interesting, informing and not fake news. I have a professional history with Banking, Accounting, Real Estate, Property Management, Construction, Development (Residential and Commercial) for most of my adult life so I think you bring something to the table for me. Keep doing what you are doing, and I'll keep watching, hitting the like button, may or may not have something to add to the mix. Subscribed just now. Nice to meet you.
    5
  17004. My rent is 750 bucks a month in South Lake Tahoe area. 2 bed 1 bath apartment
    5
  17005. Yes, too many people in my area (which is somewhat depressed) choose to buy massive gas guzzling trucks and SUV's which drive up their cost for gas and loan payments. This doesn't seem to stop them, though. Keep up the good work educating people to become wiser consumers, Michael.
    5
  17006. Lol my neighbor listed there house for $1,300,000 3 months ago. They just “SOLD “ for $899,000 Here in Los Angeles. It’s happening now
    5
  17007. Hello again Michael, I’m a Hilton member and sorry that both of you felt let down with your stay in that particular hotel. Best Regards to both of you.
    5
  17008. Hey Michael have you ever been to the Villages in Florida what's your opinion on that spot
    5
  17009. I've never been anywhere in the USA where anyone said .............. "we really have good drivers here."
    5
  17010. Corps shouldn’t be allowed to purchase multiple residential homes with the lower interest rates the every day person does not have that same opportunity esp in sub low rates.
    5
  17011.  @MichaelBordenaro  We just want to go home. We moved to the NW 4 years ago and it has gone down hill quick. The homeless are everywhere. State income tax is through the roof, fires popped up all around us with no viable escape route. I was more scared of the forest fires than a hurricane. The sky was red and the air was smoky and hard to breathe. I have been through hurricanes since I was a child but I can’t begin to compare to how scary it was when everything around was burning.
    5
  17012. Looking to move to FL within the next month. Deciding b/w south tampa and south FL. That a mesa behind ya ??? Nice!!!!
    5
  17013. I am losing weight thanks to our walks!
    5
  17014. I dont' get it.... I worked 1 fulltime job + 2 pt jobs to pay my bills and live on my own. Parents are enabling their kids by allowing them to live at home after mid 20's. The greatest gift a parent can teach their children is self-reliance.
    5
  17015. What's been pointed out about the new tax credit, is that you still have to be able to afford the house. This is aimed towards those sellers who now have a monetary incentive to sell and then downsize into something else. It's a double win for those homeowners who can finally leave their low rate and get something for it
    5
  17016. For what it’s worth I do know several agents who specialize in certain neighborhoods and they ARE the go to for that area and do many times have people ready to buy the right house in that neighborhood. Great video and love your ability to retain information and spew it out while casually walking
    5
  17017. I think the main reason people are moving is because there has been an awakening to the fact people can now be anywhere now with the pandemic. We are no longer tied to a location for work, some of us. Especially because of taxes and income levels. Saving money on retirement was the key for me. We pay high taxes now, we can pay no taxes if we move to another state. Its a no brainer to me. If our jobs would permit us, we would be in Beautiful South Florida now.
    5
  17018. As you have been saying....I just got a notice about a special meeting for a special assessment to cover the increase in our building's insurance in St Pete. Glad I just got back from a vacation!
    5
  17019. I bought my first property in San Diego back in 09 and lived on it for 3 years. I move out because of military orders. I’m glad I didn’t sold it and rented it for 11 years. I have 2-3 years away paying it off. I’ll never sell my properties. Now if I’m the owner need to move I will rent it out.
    5
  17020. I was paying 2300 in Palm Harbor Fl. Went up to 2900 this year. I got a new roof and sent info to insurance company (citizen) went back down to 2300. It only cost me 19900 to get the deduction (sarcasm). It did go down though.
    5
  17021. Travis: y’all are bonkers! 😀
    5
  17022. The Feds are doing exactly what is needed to reduce inflation. This economy has no precedent one because of the complete pandemic shutdown. There are no charts in existence that can be compared against this economy, they are obsolete. The major issues with this particular economy is profiteering by equity firms and corporations. They took advantage of a weak supply chain and kept prices above normal by manipulating the market. The real estate market in Tampa Bay was manipulated by keeping available inventory off the market to manipulate the amount they could charge for rents and purchases based upon so called “supply and demand” wake up people prices cannot continue to rise and not revenue. They have successfully tapped out the resources of those who actually create the GDP.
    5
  17023. The beach background is nice but we missed the egregious lease n crazy RE price listing porn
    5
  17024. Honestly I think correction of home value is coming nationwide due to house crash which is a bit different from the house bubble of 2008
    5
  17025. You’re welcome
    5
  17026. why sell when states will pay 125 a day per illigal migrant, rent too the state or sell to corporations so they rent it back out.
    5
  17027. Is there a way to build homes that are so strong against flood/storm damage that insurance is kind of silly to even purchase? Is insurance just allowing people to take insanely stupid risks when building their homes? Is the bill just now due?
    5
  17028. Love your last segment of advice, don't buy it, you're buying a paper house
    5
  17029. Wow that "$3 million" listed home says it all, the flipper is trying to get a "greater fool" to buy at 300% of a $1m home in 2 years.
    5
  17030. I'm Canadian and some prices have been going down and some have remained high, but overall I'd say its a general trend down. Wages have certainly been going up as there's no one to work, everyone is looking for workers and there's none to be found so they are incentivizing with wages and signing bonuses.
    5
  17031. Michael Bordenaro of course boss 👌🏼
    5
  17032. My credit was just increased so.....
    5
  17033. My ,auto insurance, 50% increase, rent,200% increase.gas ,5.00 a gallon eggs 7.00 a dozen.intrests rates 17% on loans.
    5
  17034. What’s wrong with minimalism?
    5
  17035. Damn, CALI here, that water looks so good. Florida has the best water in the 50 states; I bet it's warm enough to swim in .... ugh. Wish I was there.
    5
  17036. Your advice is translatable on a global scale, it’s not only Americans that are feeling the pinch with inflation and increased cost of living and home prices. When flying over Africa from the uk, I often wondered why “they” said we had a land shortage when all I could see for miles in the air was empty, vast and uninhabited land. I understand that not all land areas are inhabitable in terms of access to natural resources but common, even vegas makes a plan! (PS, when I saw which part of the states Route 66 grows through, I was put off. A lot of driving through rural nothingness - apart from a few nice scenic spots). In terms of housing inventory, is the availability of gold and silver the same like with diamonds (where they only sell a certain quote to keep the value up on diamonds)? I’ve heard that in hard times, it’s better to invest in things that people need to live on like food produce, bottled water, buying if fertile lands etc.
    5
  17037. Dang i'm glad your alright! I just heard about that! it's crazy something like that can happen too. It mayve been a sinkhole..but i hope they find all the people trapped.
    5
  17038. Im thinking of moving from Idaho. Love the amp btw.
    5
  17039. But do you think sellers who rent will keep rents comparable to that of a mortgage loan pymt? They still hold the cards? Buyers still can't buy, and sellers can't sell. It's kind of a stalemate.
    5
  17040. Michael I'm from Colombia in a warm place and I'd like to live in florida 'couse people is cool, beaches great and beautiful parks, good food and others things. Greetings!!
    5
  17041. Mike, now we just need to have "MB" ... equate to "makes billions". Cheers.
    5
  17042. Hey Michael, Really loved your walking & talking tour of "The Strand" from Hermosa Beach to Manhattan Beach!!! As a former Manhattan Beach, Hermosa Beach, Redondo Beach & El Segundo resident, the "Beach Cities" & the South Bay area of Los Angeles will always be "My Home in My Heart!!! Your walk down "The Strand" brought back sooooooo many Awesome memories of walking, jogging & biking down "The Strand"!!!! Way too many to type out here in the comments section... "The Strand" was a major part of my life in California!!! At 22:20 the Big Grey House with the Bright Blue Awnings on the corner right before you go up the stairs is the famous Beach House that was filmed in the TV Show Beverly Hills 90210 when Kelly & Donna moved to beach for the Summer!!! I can personally confirm that living in Manhattan Beach, Hermosa Beach, Redondo Beach & El Segundo is the best quality living in California!!! I was 100% happy living there & the only reason I left was because I got priced out & decided to give Florida a try which is where I have been living for the last 3 years. There is only one California & there is only "One California Vibe & California Attitude & California Atmosphere & California Lifestyle & California Scenery" that cannot be duplicated!!! On your next trip to Los Angeles, I highly recommend attending an outdoor concert at the famous "Hollywood Bowl"!!!! Attending a concert at the "Hollywood Bowl" is a "Classic LA" thing to do & an absolute must do!!! And what everyone does, is they pack a nice picnic basket with food & wine & go there 2-3 hours before the concert starts & have an awesome picnic party inside the venue in all the various picnic areas!!! The outside amphitheater is built into the side on the Hollywood Hills.... Just an overall Awesome experience!!! It is very festive & soooooo much FUN & soooooo very classic LA!!! Cheers!!!
    5
  17043. Just spent another 3days in Pompano before the weekend crowd showed up. I love the ease of outdoor lifestyle year round. Running, swimming, scuba, boating etc.
    5
  17044. when inside we can see what a handsome man u r. lisa a lucky woman
    5
  17045. We missed you yesterday
    5
  17046. I hope u will post more of the storm today 👍😁
    5
  17047. Michael! You are annoying me now! You have far too much going for you! 🤣🤣🤣 Seriously that was great! Thanks for the mini-jam and showing us around the collection. 👍 Time for you to get the band back together. 😀
    5
  17048. You sure looked like you were having a great time in Beautiful Cali!... The mountains are PRICELESS!
    5
  17049. Dude is popping on my feed even on Super Bowl Sunday
    5
  17050. Wow! Thank you again Michael for telling us the truth! What a time to be alive! You will be helping us to cross the truth finish-line! God Bless!❤️
    5
  17051. Talking to more people will increase your viewers
    5
  17052. 🍀👍🍀😊
    5
  17053. WOWWW. 3:30. WOWWW. YOU GO LZZY ✌🏾
    5
  17054. Imo, Michael talking about housing prices dropping is good news for prospective buyers. We all know most home prices are over inflated, and have been for many years, so sorry if you bought a home in the last few years thinking that they could never drop again, but this is why understanding cycles and affordability is important. If anyone should be getting crap, it's governments for BS monetary policies.
    5
  17055. Great video I was just there 2 weeks ago, including collins ave
    5
  17056. Something as small as people not ordering through UberEats is really telling. I haven't seen anyone on my street ordering food for delivery like they used to.
    5
  17057. Enjoy watching your video. Thanks for the information!
    5
  17058. Really nice video !....It was a pleasant 25 min. walk, I learned a lot ! ........Thank you....
    5
  17059. Yes👆🏻👌🏽
    5
  17060. Why tame the bubble? Just let it pop
    5
  17061. You play really well.
    5
  17062. $1,200,000 price point one needs to make $250k a yr /?
    5
  17063. Great one. I have a massive requirement, water clarity and wildlife. Atlantic side has amazing pelagic animals and awesome blue water.
    5
  17064. From the videos I see you doing there Michael the streets are higher than the property. This might be a good reason why insurance rates are climbing there. Water from storms cannot drain away from the foundations of the homes because it is actually flowing back onto the foundations from the street. I do not see any curbs for creation of a high point with curbs to hold the water for siphoning away from the land. This is a problem when you have limestone earth formations underpinning the home foundations there. What awful city planning!
    5
  17065. You can tell you live in/near Miami and the nearby locations due to the amount of detail/time spent on them as opposed to places you have only visited. Sarasota has the Ringling Museum which is also an old mansion. There are Anna Marie Island and others nearby. Lots more. St Petersburg is NOT Clearwater. They are close by, but so are a lot of the places near Miami you mention. Downtown St Pete is a hopping place. Go visit and find out. I do love Clearwater Beach, but it is super expensive to love there. I lived in Pinellas County for over 30 years between Clearwater and St Pete. 10 minutes to the beaches. 10 minutes to the bay and over to Tampa.
    5
  17066. I would love to move to Florida but my max budget might be 30,000. Looking at several jobs there including law enforcement I don’t understand where everybody is getting the wealth to afford these homes. Clue me in I’m willing to try something new.
    5
  17067. What a maze!
    5
  17068. Nice Michael! Thanks for sharing!
    5
  17069. Ur walking vids prove that Florida is beautiful 😍 that nature!
    5
  17070. Thank you for doing this video. We close on the 22nd of this month and I hope people don't hate us because we are from NJ. We are leaving NJ for serious and valid reasons, we don't want Florida to be like NJ. No one fleeing from their current state should want Florida to be like their 'home' state.
    5
  17071. The America I was raised up in predominantly thrived off working hard and being a productive, for the past 25-30 years, that dynamic has been fading and now virtually over. I was thinking of leaving the USA just to get away from the woke drama but where do I go?
    5
  17072. You nailed it🎯
    5
  17073. Hey, Michael. When you were going over St. Augustine you said you wouldn't live in Jacksonville. Any specific reasons? Do you have any pros/cons for Jacksonville?
    5
  17074. I was surfing the web today looking at Orlando home prices but I didn’t see any discounts even though there’s more new built homes now listed than pre owned homes. It appears that Florida is slowly becoming another California because of inflated home prices.
    5
  17075. Colorado looks beautiful. I've been to Idaho years ago to ski. I don't remember having a breathing problem there. Being in Florida, I definitely miss seeing some mountains. There's homeless in Florida, but it's technically illegal, so I guess they can't congregate and we just don't see them. Whatever their circumstances, they're still human beings and it's disturbing.
    5
  17076. 100 degrees & 100% humidity
    5
  17077. Michael Bordenaro I agree. Winters are very nice in Florida.
    5
  17078. You think single family homes in Florida are high now, just wait.
    5
  17079. I am an accounting professional. I only use about 10% of the accounting knowledge that I had learned in college. The rest is constant learning on the job. Colleges don't offer real work knowledge. They just teach you theories, and we are expecting to compete with the Indians who build a job training industry about supporting big tech companies. For example, big companies in the Silicon Valley use SAP and Oracle software for financial reporting, but local colleges and universities don't have software training on these ones. They offer courses on Quickbooks for small businesses. Even worse, many colleges don't teach QuickBooks. Yet, the Indians can get training in 3-6 months to learn SAP or Oracle accounts receivable and accounts payable to get jobs through outsourcing vendors like Accenture while the Americans spend 4 years on colleagues to get a finance or accounting degree doesn't how to work on SAP or Oracle. There is not a single educator in the US train using Oracle, which is based in Redwood City in California, in the center of the Silicon Valley. The whole high-tech industry is conspiring against American workers, which are expensive to hire. Yeah, American just keeps asking for benefits, and you keep seeing jobs shifting overseas.
    5
  17080. Lay offs are starting. Another seller from Austin TX made less than if they’d had put on market 4 months earlier. Agent called during our closing alerting them that the market is “ going down “. Said he’d list 2 sales from buyers canceling, 1 was laid off
    5
  17081. Michael we had some gas ⛽️ prices in Broward County at $2.91 per/gallon 👍🏾💯
    5
  17082. I can see where you'll be in 20 years ...I checked out the price of some of those carts a while back ...like 18 grand ...but that's all you need ...every single amenity you need is there, doctor, dentist, lawyer, pastor l0l
    5
  17083. one thing i can tell you for sure everytime we have a big boom we have a small bust the prices never seem to go back the pre boom but they do and will correct at some point enjoy the ride
    5
  17084. We just found out ours is a money pit too 😢. Asbestos issues 😮
    5
  17085. I am a Colorado native…… born and raised in Denver, also active runner . There are a lot of homeless in Denver ,but it’s like that all over the country ! Denver has many beautiful parks in the city like City and Washington park to name a few . We have four seasons which they do not have in Florida. You have to revisit to get a better idea of a city. I’ve been all over the world from Bangkok to Barcelona and it takes more then a couple of days to get the true feeling of a the City. I think Denver is one of the most beautiful cities in the country. Why do you think so many people are moving here .
    5
  17086. if you’re not being pushed into retirement, I would ride it out for now to see what’s going to happen.
    5
  17087. Good video Michael. Thank you!
    5
  17088. At 33, you are too young to worry about being a late bloomer.
    5
  17089. Have friends with a condo in West Palm beach my friend lost her husband and put the condo on the market 365,000 6 months it was the only unit in the complex no takers and now there are 6 more in the complex on the market for sale nothings moving
    5
  17090. this will be the last nail in the coffin if loans stop
    5
  17091. Great video! Miami Beach is definitely my top choice. I want the ocean view and beach right in my backyard, but it's also conducive to nice bike rides to Miami proper. Riding over the bridges and fixating on the aqua water, palm trees and skyline is a sight to behold, rain or shine. Question, did you go down to South Beach during Super Bowl week?
    5
  17092. Many economists say that the economy is too healthy to have a recession. Job growth remains robust and wage growth is very strong. If we do have a recession in 2023 it will most likely be a shallow and short one.
    5
  17093. Couldn't help but notice the house you led off with sold for $300k in 2017. $1.3 million in 2022? Yeah, that isn't sustainable.
    5
  17094. NO MIKE,.. CAN I LIVE WITH YOU!!?? 🤣🤣🤣
    5
  17095. I feel the same way about the west coast Florida Beaches. It's more like being on a lake. But the sand in some spots is really nice. There are some really nice west coast Florida beaches. But I prefer the wave action and water quality on the east coast Florida beaches.
    5
  17096. Honestly, I think the lack of good paying jobs will be the ONLY thing on people minds in 6 months. Houses won't be the priority.
    5
  17097. Sell now, to some idiot, ang get your $550K, then go live with family, in a van by the river, whatever. When everybody is done jumpin' out their windows, and the properties become REOs, buy 3X the house, for half the money. BTW, anything good on Netflix?
    5
  17098. I’m about to buy in a Rocky Mountain boom town ONLY because there is no rent. I don’t want to move.
    5
  17099. Well I bought my house 15 years ago around 470k which I thought was expensive but now the same house is one million dollars so there is no way I could buy my house today!
    5
  17100. All those who want to move out, please have a great trip leaving.
    5
  17101. Absolutely ban foreign ownership of everything. All the orient nations don't allow foreign ownership of any land or mineral rights. There's a good reason behind it...
    5
  17102. We’ll be aight Tampa has luck in its side That all we need baby
    5
  17103. Great video. Watching from my beautiful city of Jacksonville.
    5
  17104. When I first clicked I thought the video was vacation rentals but then realized it was permanent rentals. Is it possible to get a vacation rental video, top 10 east coast beaches? Thanks your videos are awesome
    5
  17105. I was looking at the home prices in Ocala, Florida, I'm surprised how cheap they are, since it's about an hour to Orlando.
    5
  17106. I'm interested in Orlando or near that area, Tampa or near that area
    5
  17107. I don't blame you for not coming back. I am in the western burbs of Chicago and I am trying to get out of here!
    5
  17108. yeah but why pay when you don't have to...it's the American way
    5
  17109. I buy mostly the same things every week. Last week, several items went up in price again. There is NO way the government is correct about inflation. So either they're idiots or knowingly lying.
    5
  17110. As the cost of living and the cost of housing continues to go up and wages remain stagnant This is going to be a pretty common thing for millennials and gen Z.
    5
  17111. Yes people thinking about moving to Florida will definitely slow down the momentum... Any year U could be facing one... Better off building a container home to be able to withstand these storms....
    5
  17112. Here in Clermont Florida, just 30 min west of downtown Orlando, there was no flooding. I was really surprised. It rained for almost 3 days straight. Its been kind of dry here all summer and the lakes were down some, now they're at normal levels but not flooding. As I was watching the news, I was seeing predictions of rainfall of 8 in per hour to the south of us here, which is insane.
    5
  17113. Thanks for your video. Seems like the Miami RE market - especially WF is still booming.
    5
  17114. Living in Central and South America, you park wherever you want, where there is shade. Road signs and speed limits are optional! The Miami parking, is in line with the Latin culture, from my experiences.
    5
  17115. Thanks for sending us money to Ukraine billions and billions of dollars instead of pouring it in the economy and lower the debt balance we will keep send our taxes money to corrupted government in east Europe At least it could be spent on financial aids for small projects and youth Keep selecting the donkey partie
    5
  17116. isnt that just stagflation? am i crazy?
    5
  17117. You will see inventory increase at a remarkable rate due to layoffs, higher inflation and unaffordability of house insurance.
    5
  17118. Michael I know you speak the truth, but as someone who was hoping to relocate this year, you are depressing me more with every video. I guess I’m stuck for now.
    5
  17119. I lived in Sausalito, CA for 8 yrs. and talk about a tourist destination! I mean, anyone sightseeing in S.F. found their way into Sausalito, as well. Bumper to bumper traffic in the summer. Really enjoyed this tour of St. Augustine, Michael. Thanks so much.
    5
  17120. From what I read, the building was not structurally safe. Really, really sad.
    5
  17121. Michael, after our house in San Diego was destroyed by the Witch Creek Fire in 2007, we experienced first hand the construction techniques used to strengthen everything due to the earthquake building codes we have over on this west coast. The house has the anchor bolts in the concrete for the walls, plus engineered shear walls that greatly resist side to side shear motion. Our rectangular walls won't likely become parallelograms. Also, the truss snd roof system is amazing. Everything in the construction of the whole house works together quite well. Although not earthquake related, our home features an exterior that is essentially 100% "concrete", except doors and windows that is. No exposed wood.
    5
  17122. California real estate is scary too, and Hawai'i. Here in Hollywood , even a house in a crap area is a ridiculous amount of $. You really do pay a lot to live in the U.S
    5
  17123. Loved the video! I think the way you ended it was beyond perfect! Wake some creatures up :)
    5
  17124. Except for the hideous amounts of sea weed or sea grass, whatever. Afternoon that stuff stinks.
    5
  17125. Housing prices will never go down except on maybe some of these marginal resale properties that have been jacked up in price. The problem is that single family residential real estate has now been turned into an investment product where in the past it was a consumer product for someone who wanted a decent place to live and raise a family.
    5
  17126. I generally don’t pay attention to people predicting the future. First, they often have an axe to grind, such as risking their job if they say something negative. Second, they’re never punished for being wrong. Many economists are wrong much of the time, but are still regarded as exalted economists. Finally, no one knows when the bleep will hit the fan or what, if anything, the Fed and Congress will do about it.
    5
  17127. 🙀🫣🫨
    5
  17128. Love you bud. Keep them coming. I just had a friend in NY state list his house for 185K, and only got one offer for 210K. Try to figure that out!!!!
    5
  17129. Great video Michael!
    5
  17130. What services are being provided to justify 7000 a year property tax?
    5
  17131. Yes, great idea. More beach reviews. Love it.
    5
  17132. Capital one cut mine 2 years ago. Have over a 775 credit score. I don't have too much in debt but it was a bit ridiculous. Went from 10k to a 5k limit
    5
  17133. SUNDAY GREETINGS MICHAEL ❤
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  17134. I hear your statistics Michael but from where I sit in Fairfield County Connecticut a lot of my friends are moving to Florida in particular Miami and Tampa. And I feel like prices will hold up pretty good there. I also feel that where I live there really isn’t any inventory. If you want to buy a house you gotta tear an old one down. And that really wasn’t happening over the past couple years because of the supply chain issues and how high the cost of lumber and other materials went. I am eager to see what happens. But from where I sit haven’t seen prices come down.
    5
  17135. @michaelBordenaro now people with good credit will now also be penalized subsidizing those with poor credit scores
    5
  17136. How long dose it take for the $30 to show up in
    5
  17137. DESERT GREETINGS MICHAEL 🏜
    5
  17138. I wouldn't call it a crash. More of a correction. Home prices have gone to ridiculous levels in most parts of the country. Even places that were stagnant for years have seen it. I think its more of a return to normalcy. For rhe smart folk who have always considered real estate a long term investment it wkll just open up another buying opportunity just like the stock market.
    5
  17139. 2008 groundhog Day
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  17140. Between this channel and Revenntire Consulting, I feel mostly informed regarding the housing market. Great job!!
    5
  17141. I wonder if any of these shenanigans have anything to do with the next election?
    5
  17142. Up to $900 is free in California. Go on vacation there and grab all you can every day. Hey, they voted for it. No penalty against you. lol, GL
    5
  17143. Thank you for breaking it down.
    5
  17144. I have seen lots of videos on YouTube of Live Concerts at the Red Rocks Amphitheater and it has always been a goal of mine to see a Live Concert there!!! Such an Amazing & Stunning place & would be an experience of a Life Time!!!
    5
  17145. Keep up with these insights. I can only see things going down. Cost of living is up food, energy and the rest! When will it level out? 😪 great walk and talk as always. Its going to break. Matter of time. Prepare prepare and prey!!! Thank you for all that you do. ❤
    5
  17146. It costs 20k+ too tear down and remove an old house.
    5
  17147. I am sure they will kick the can down the road.
    5
  17148. Thanks Michael, great video as usual. I know someone who was planning to move to South Florida at the end of 2020. He strategically thought there were going to be massive foreclosures in 2021 due to COVID and waited for a dream deal. Let's just say he is regretting that decision.
    5
  17149. Houses in Chicagoland are not cheap. Well…. The houses maybe but taxes are gonna kill u. A $450k house will have $1,200 a month property taxes
    5
  17150. Pops!!!
    5
  17151. Thank you for being genuine and real!!
    5
  17152. Looks like it's going to be Vero Beach, or Flagler Beach/Palm Coast!
    5
  17153. One way to compare Illinois and Florida is that northern Illinois is like south Florida both are urban whereas north Florida and south Illinois are much more rural also the cost of homes is much lower in north Florida
    5
  17154. Like your information, I just have to say sending anyone to Detroit is insane ..I've lived in the metro area for 50 years the place I love it trust me I do but it is a war zone it is not worth your life or your families because the second you put anything in its stolen. That's why I chose to move out Michigan cuz it's freezing
    5
  17155. Amazing, beautiful scenery and some bad-ass guitar playing in the desert! Love the thumbnail too, looks like you both had a great time! 😁
    5
  17156. I do feel the same way you do Michael. Hey Lisi 💗💛🤗 p.s. almost 82k Yessssss
    5
  17157. They did this with independent contractors for years. Started out where you'd get paid more to cover self-employment tax & evolved to "your IC status is your perk, so we'll actually pay you less. I worked in an industry for years, starting 20 years ago, long before covid. That was the evolution & it will be the same for remote workers.
    5
  17158. The inventory is low in Las Vegas because sellers are pulling their properties off the market because they are receiving low ball offers.😅
    5
  17159. Florida has problems because taxes and insurance rates skyrocketing but here in Alabama and in Wisconsin things are up from just six months ago. Florida was out of hand anyway.
    5
  17160. Your house is a liability until you actually sell it for a potential profit. Something to think serious about Huh 🤔🤔💯💯
    5
  17161. Younger generation in FOMO mode and learning that R/E is not a guaranteed investment. This will take years to recover as did in the 1989 crash and the 2008 crash. The start of declines have just started. It cracks me up that talks of rate declines will start in Q3 this year when the Fed just increased the rate by another .25%. Put your crash helmet on as the landing will not be soft!
    5
  17162. Thank You Michael, Enjoy Your Weekend!
    5
  17163.  @MichaelBordenaro  short term pain of 3-5 years to make up for decades of poor decisions. We went too far in one direction and need to reverse the other way,, before it’s too late.
    5
  17164. I got to experience those no see um bites on the last day of my trip to Florida. Thank you Sanibel Island! Another video suggested Sesame Seed Oil keeps them away. Neutrogena Body Oil has sesame oil in the ingredients and comes unscented if you prefer. It’s a lightweight oil, so you won’t feel like a steering wheel with a fresh coat of Armor All. 🤣
    5
  17165. The best of both worlds! I love CO! I fly out there every year. Been all over. Beautiful state! Friends there ask “why don’t you move to CO?” My answer is “Because I’m more of a beach person.”
    5
  17166. 1
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  17167. Great video Michael! I agree that prices will decline and HOA will go up—budgetting more for projects and insurance will skyrocket. Sad because before this the Miami marker was on fire during Covid. Those folks bought high and will have overpaid in the coming many years. Maybe good deals are to be had with high HOAs. Probably not a good time to buy in South Florida. Better to rent.
    5
  17168. My mom got forced into retirement when the pandemic hit. 😢
    5
  17169. I very much enjoy watching your videos they are so positive and encouraging. I'm planning to leave Canada to relocate to Florida but I'm just in a very beginning stage. Thanks so much for your videos!!
    5
  17170. Congrats Michael ! 💯📈
    5
  17171. West coast...heaven’s waiting room. Jax....Miami is world class but untouchable. Jax is great!
    5
  17172.  @MichaelBordenaro  lol 😆
    5
  17173. I’m from California so living in Florida I compare it to Los Angeles and San Francisco areas like Santa Cruz or Santa Monica
    5
  17174. Great info and perspective.
    5
  17175. $200 per month. water, sewer, trash, reclaim. St Pete FL. those city workers gotta retire, right ✅️ I could finance a 10k car for that monthly...
    5
  17176. I'm visiting Sarasota this summer! Trying to move at the end of this year | early next year from Virginia. SUPER excited.
    5
  17177. Great video!
    5
  17178. Dont u have a referral link??? Maybe we can use urs as a thanks for the referral im tired of chase charging random fees here and there. Hope they dont charge me to close my accounts as well😒
    5
  17179. Bank fee's are how they profit. If homes were affordable and people could pay cash outright then there would be no need for Morgages. Banks proliferate because they're designed to exploit. Think about how little the Bank gives you in interest. And how much they charge in fee's. It's been upside down for too long. All for the gains to shareholders.
    5
  17180. good vid! just using your eyeball how would you price that house that was listed at $2.9mil?should it even be in 7 figure territory? thank you.
    5
  17181. Holy shit nice rectifier! :) I’ve got a Triple. I should use it in my background
    5
  17182. I had squatters in my parent’s house I own after my parents died. They tossed all my parents belongings in the backyard and brought their furnishings in. I called the police and the police said there was nothing they could do because they weren’t squatters they were tenants. A year later when I finally got a court date in housing court, the court said they couldn’t get me a year’s back rent because they weren’t tenants they were squatters. That was the last straw, I moved out of Massachusetts because the liberals/democrats made a shit mess of my state. Also the squatters moved out before the court date not that they feared court but because I took their pictures and shamed them on social media. PS. I was a liberal for 60 years but I “woke” up.
    5
  17183. Don't live any higher than the fire trucks bucket will go, at the very least
    5
  17184. What a brilliant idea go up on home prices when home's are not selling and driving buyers even farther Away i for see many homes sitting empty with buyers in sight this will become an extreme version of 2008 and this will just like the vehicle market with over priced inventory that are not selling and then toss in high home taxes and maintenance it won't end well and i watched a YouTube video were they built a whole subdivision of tiny homes and this could be the future
    5
  17185. 1
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  17186. Another great video. I just bought a place in Sarasota in January and love it and was thinking what it would be like to be here full time but I think I will keep my home on cape cod and come here winters.
    5
  17187. It depends on where you live in California. I live in a more rural area in nor-cal and there are still sane people, great weather, & beautiful landscapes. The cities are hell.
    5
  17188. It's never boring so just kept hammering
    5
  17189. Lawrence Yun was hopelessly optimistic in 2008 also - so he has a track record.
    5
  17190. I have been following u for a long time your awesome,I have a applied science degree in building construction, your missing something about historic district thats profound ,most these homes are wood frame and the realtors have killed wood frame homes with there stigmas !
    5
  17191. Love the unexpected great talk with the Margaret!
    5
  17192. Miami-Dade should have a helluva budget surplus in their coffers due to all this housing selling and massive increases in property taxes.
    5
  17193. HELOC BABY!
    5
  17194. Michael Bordenaro Every 97 Z28 and SS have the 30th anniversary seats. The only true 30th Anniversary addition is the white with orange stripes. I have an SS version. Check out my only video on my YT feed.
    5
  17195. can I buy gold stocks instead of buying physical gold ?
    5
  17196. Thank You so much for posting this! I used to live in Miami and I really miss the 305. If you can post a part 2 and more neighborhood walk videos that would be greatly appreciated. I really love how you capture the hidden gems of these places and your commentary. Once again thank you, I hope to see this channel grow immensely.
    5
  17197. It will either be hard and fast, or slow and painful. But, I agree it’s going to happen. 🤦‍♀️ Thank you for your videos! Loved that area you filmed in!! 👍🤗❤️
    5
  17198. In my county, if you show them a water leak repair bill, they will reduce or eliminate the high water bill.
    5
  17199. Tesla "Love Song" at 1:00 - such a great song. Thanks for playing. Keep on rockin'
    5
  17200. First🎉
    5
  17201. Lol. The beaches in Clearwater are consistently rated #1 and are much nicer than any Atlantic beach
    5
  17202. Dave Ramsey sued for $150m a class action suit..Total Crook, Con Guy should live in DC..😁😁😁
    5
  17203. $1million for a 2Bed/2Bath, wow!
    5
  17204. At least this is a world wide issue. We are in better shape than many other Countries.
    5
  17205. I moved from florida last year in a 5 year span my rent rose 50%. I am absolutely not surprised, they never had enough housing.
    5
  17206. Love the content! One of the most honest YouTubers 👌🏼 appreciate your hard work 🙏🏼 I’m a buyer and been waiting for a adjustment in the market
    5
  17207. Question, If the flip is purchased very close to the current asking price and it won't sell, what do we think the seller will eventually do, take off the market, sell for a huge loss or just sit on it forever? if a high price flip has been sitting on the market for over 120 days is it worth offering a very lowball offer? Ex; 1.4 Mil listing and offer 1 Million? too aggressive? Im not an investor I'm am owner looking to relocate but prices are just too high and getting frustrated. thank you
    5
  17208. Yeah, that video made a lot of sense renting over buying in a overprice market
    5
  17209. Home depot in Paterson nj has self checkout lines with someone standing there to scan your stuff. The lines are longer than ever.
    5
  17210. I call all this the exit from fantasyland.
    5
  17211. I inherited my parents second home, But they still owe $649K, finding out they took a second for $300K to travel around the world and pay off their primary house, I will never do that even if i had a second home, Yes I am happy the home is work about $1.4 mil
    5
  17212.  @MichaelBordenaro  Our 'wonderful governor' refuses to build infrastructure that will collect more water when it does rain so much of it runs off to the ocean....even though the Federal government has offered millions to achieve this. I know this is hard to believe, but true. Also dessicants are being sprayed from the sky daily which dry up the landscape....no wonder we have so many fires now. Our politics are so screwed here, Michael, that is why so many are leaving and why so many of us tell you to NOT move here. Oh. and by the way, they are raising the taxes on water and restricting it from next year.....think of all that extra money for Sacramento....so why would they want to save any more run-off?....and God forbid they should get any water from Florida to upset their little schemes....
    5
  17213. Wouldnt move to Cali if you paid me..
    5
  17214.  @MichaelBordenaro  yup a long way to go down!
    5
  17215. So a couple of things. I watched the entire thing before I said anything and absolutely agree with the last bit of no overnight success. The point of what Charles was saying in that quote is aimed at only people who have a heightened awarenesses of the financial landscape and the savviness to maneuver through it. The average Joe, sadly, isn't really even paying attention nor care because they just want to travel again freely without restrictions, quarantines, or vaccine requirements. And with companies forcing people to go back into offices in order to prevent people from recognizing what is going on that's only part of the grand plan for mega corporations to buy up the housing markets and any other assets while the rest of society deepens their desire to be seen on social for attention. It's sad but thankfully you and I and a select few others on the internet understand this.
    5
  17216. Investors are coming to Calif and buying up many of the mobile home parks and then raising the leasing rates of the land to $1500-$2000 mt. Many seniors on a fixed income can no longer afford their homes and since it's too expensive to move the mobile home...they go into foreclosure.
    5
  17217. Coincidentally my wife finally got hired as a teacher out in CA ! She’s been working towards it for years!
    5
  17218. I mean, you can get married with a beautiful, intimate ceremony for family and closest friends, in a nice place like a building rooftop, a park, a private houses with yard, etc. A few bottles of prosecco and some nice food items. You do not need to spend $30,000 to have a beautiful wedding!
    5
  17219. You Caught A Great Drift Michael. Stay In The Present Moment. Lots To See.
    5
  17220. Michael, do you receive a lot of clients from this page? I’m looking at the Brandon Area, but if I was looking anywhere close to Miami, you’d definitely be my real estate agent!
    5
  17221. Not buying until the market correction happens this price are outrageous…go back pre pandemic 😷 cause I didn’t see any raise
    5
  17222. You're glowing today, Michael! Thanks for the video.
    5
  17223. Miami is sinking because too many people moved to Miami :) :) :) . You guys need the sign “We’re FULL” :) :) :)
    5
  17224. I’ve lived in Palm Coast (not “The Palm Coast” 😂) for almost 25 years… and while I don’t think you did it on purpose, you made a lot of misstatements. I don’t think you really highlighted all of what PC has to offer. There are much nicer homes in PC than the ones you showed in the same price range. Also, stores and restaurants are usually no more than a 5-10 minute drive no matter where you live. Yes, one home to another may be spread out, but there are multiple supermarket, stores, and restaurant centers/hubs throughout Palm Coast.
    5
  17225. Girlfriend and I are trying to get away from California since we’ve lived here our whole lives. You’ve pretty much have summed up my mentality for both places and why I want to leave California. Ever since covid hit, it’s made our decision to move difficult but I do like coming back to your channel and feeling motivated to be there. Hopefully this year or next year if things get better.
    5
  17226. I bet a hotel would discount for a 30 night stay
    5
  17227. Michael and Travis together now you know you're in trouble.
    5
  17228. Storm surge affects the west coast more than the east coast because, west has a lot more shallow water to push in where the east has deeper water closer from what i've learned
    5
  17229. Biden is toast… 🤷🏼‍♂️
    5
  17230. Interesting to see those expensive homes and their guest have to park on the street. Not what I would expect for a multi-million dollar home.
    5
  17231. Thank you for doing this series. I had been wondering what The Villages were all about. Very pretty, quiet, walkable/golf-cart-able, convenient, and friendly. But clearly not for me as I plan the next phase of my life, wanting to be a snowbird (from the Mitten 🤚😎💜). I NEED more energy and coastal living.
    5
  17232. Tampa has a very high end real estate market. This hurricane will not be cheap. I would agree insurance rates will go much higher.
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  17233. 24:41 Must be nice to have parents with wealth that could pass it along.
    5
  17234. I prefer the Florida suburbs like Coral Springs, plantation and Weston 👍 beautiful and classy!
    5
  17235. what happens when you get a mortgage? A licensed "lending" institution creates a promissory note (your promise to pay a sum certain along with the terms dictated by the "lender") Once you sign that piece of paper (contract) the "lender" enters the specified number into the account of the seller and the transaction is completed. Thus the "money" is literally created out of thin air. You will pay monthly real money that is based on your labor for 30 years. Should you not pay ... the "lender" will seize the asset (a tangible hard asset of value) in return for its provision of air (in the form of a computer entry). Sound good to you?
    5
  17236. Yes inventory is low but it's also been low because of heavy investment by big firms and individuals buying up single-family homes strictly for rent or Airbnb. If the housing market continues to crash and nobody's using the Airbnb's or renting these homes you're going to see a lot of investors dumping their inventory aka single-family homes and we'll see housing prices plumbing because inventory will be back up. I hope this does happen because it needs to. The last few years at least in my market about 1/3 of the house is sold was sold to investors only strictly for Airbnb / rentals. Most of them paid full cash and over asking which pushed the average Joe out of the housing market. This summer might be a sign of The future market I expect the beginning of summer prices will go up slightly but I think by the end of summer there might go down significantly. This is my Hope at least
    5
  17237. Yes (MB) do a inflation vid even if it relates to real estate !! please knowledge is power !! feed the wolves if you have extra meat lmoao shout out from the BX nyc lubb you vids bro one lubb lol!!
    5
  17238. no it wouldnt stop me. id look into a newer build though
    5
  17239. Why no Air B&B?
    5
  17240.  @MichaelBordenaro  I agree, they can be quite the "surprise". The last two we stayed in had great reviews, but they were awful. One of them we had to get a full refund on. The other one we ended up stating in, because our in laws split the cost. We've had much more success with hotels. I like the ease and conveniencey of just getting a room and not having to worry about things.
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  17241. Great content Michael!
    5
  17242. Same thing happened in FL from 2002-2006, prices went through the roof, then they corrected and became stable again. I'm sure it happened in just about every decade before.
    5
  17243. Great to see you guys together!
    5
  17244. Glad you have a team in place to help those reaching out to you. You are a good guy, so naturally people want your trusted assistance in buying a home in Florida.
    5
  17245. The GOAT!!!
    5
  17246. This was pretty cool to see. I'd love to see a continuation of the driving tour up Surfside and beyond.
    5
  17247. For those of us who are going to die in a few years, deferred maintenance if a good thing. Just saying. Someone who is 84, rather have the lower costs, than the place in tip top shape. We are an aging society. If you are not elderly today- one day you will be
    5
  17248. I am planning on moving to Florida mainly in Tampa. Me and my girlfriend recently took a trip to Tampa and I really did enjoy it. I enjoyed the culture, I enjoyed the The beaches, I enjoy the nightlife and the cost when going out wasn't so high. The main issue that I had is I have a great job here in Chicago. My main concern is finding that job in the same field here in Florida and the cost of moving has been on my mind.
    5
  17249. Read years ago that when you pay your credit card balance fully each month you don't get perks from the card companies because they're not making money off you from interest on the unpaid balance--a "punishment".
    5
  17250. We are going to have like 20 banks left when this is all said and done.
    5
  17251. your house price goes up. you sell. all the other houses have gone up. you buy. you didn't make any money because all the other houses have went up too, now your property tax is higher
    5
  17252. Yup, it’s an illusion. Plus, if you get a new mortgage, you’re back at square one and paying 99% of your payment to interest only the first year. And some people will end up being even less wealthy because subconsciously people spend more on their lifestyle when they perceive to have higher equities in their houses and 401ks. It’s not real wealth until the date you actually cash it in and use it.
    5
  17253. It makes sense to buy if rent isn't cheaper. Imo a condo rather than a single home, is easier later on to rent out, if you decide to move or travel for extended periods of time. If you guys decided later to rent it during season, it could help pay for your travels. You have less of a feeling of being stuck somewhere if your situation changes or you want to move. I'm in a condo for all of the above reasons, and although I would love a yard, I like having the flexibility. I don't want to say congrats yet, so I'll say good luck for a smooth closing!
    5
  17254. After the last big one they tightened up home mortgage lending market....now the car loan market is one of the big areas of credit that's in real trouble. Basically people can't control themselves and are unable to separate wanting something from needing something. Why buy a $50k car when a $25k car is what you need? I don't think there's any way of putting credit back in the box. And much of our retail system would have to collapse / reset. Credit has enabled a massive improvement in peoples quality of living since 1970! I think perhaps that leverage may be the problem....credit is fine but people are given WAY WAY too much credit.
    5
  17255. Exploring Pompano Beach all week with a couple friends. Just need to find a shop with the right location/price and I will be making moves to make this happen! Headed down to Largo to dive today
    5
  17256. I've decided not to have insurance on my 2nd floor condo. I'm not in a flood zone and I face north with only a few windows. Im considering storm shutters instead. Years ago in another state, I waited 9 mos on a claim that they lowballed. I know I'm taking a chance, and it's not for everyone, but insurance always seems to find a way to not pay out enough. Ten years ago, when I did have insurance, it was around $1200 yearly, so I'm sure a similar policy would be much more.
    5
  17257. "Watch this bird."
    5
  17258. In my humble opinion, things are already crashing but through inflation. Much like relativity, it just depends on the observers point of view. Instead of the markets crashing and destroying wealth, inflation is out of control and is destroying wealth. The only thing is that the latter is more dangerous and insidious since everyone thinks they’re getting rich while in reality they are not and therefore are happily slow boiling until fully cooked.
    5
  17259. I heard an immediately thought of you since I watch your show
    5
  17260. glad you're well brother
    5
  17261. your videos are awesome, I just happen to find them tonight, I have to agree about the traffic, that was hard to get used to when I moved to Florida, I thought Chicago traffic was bad.
    5
  17262. We always have to trust out gut..your instinct will never lie to you 🙏💕
    5
  17263. Well considering houses in a lot of area here in Florida this year alone houses went up 60-100%. So yeah I can see the prices dropping since it’s completely inflated. A family member of mine bought their house in 2020 for $360k and sold it this year $620k. Almost double what they paid 2 years ago. So yes houses need to drop back down because these houses are not worth double the price.
    5
  17264. I can’t believe you were in my neighborhood
    5
  17265. ​ @MichaelBordenaro  insurance has wayyy too much power and control. If you get a permit to do the wirk yoursrlf, the building inspectors come out at various phases of the job and inspect it, they sign off once it's done and passes final inspection. Makes no sense
    5
  17266. Home prices in Florida of cyclic. They go up, and they go down. But how are you determining that prices will go up exact same amount in the following year? There is virtually no evidence of this. One year increase is not a financial trend.
    5
  17267. Wow, this lush beautiful greenery is what gives nice ambience to the house.
    5
  17268. Hey your in my sons neighborhood Rancho Palos Verdes he lives off Beachview drive
    5
  17269. What a beautiful peaceful park. Thanks for sharing.
    5
  17270. Dunedin is nice. I love the Dunedin stone crab festival in the winter time. Its a great place
    5
  17271. Thank you for all of your videos on Florida. I was born in Miami and lived in Hollywood in teens. Now live in Colorado which is beautiful but Colorado is turning into "California". I would love to move back to SWF in future. I appreciate you information -
    5
  17272. You just walked by a house that had a garage that had two or three vines completely overtaking the doors of that garage. How odd
    5
  17273. Hoping my dad lasts at least that long. Then hoping the prices return to affordability and hedge funds etc. are barred from investing in family properties.
    5
  17274. A Condo may be nice on the beach but you have people living above and below You so I prefer a free standing house and drive to the beach as having a backyard to relax is Priceless.
    5
  17275. My thoughts exactly! They will keep doing this until we ALL DECIDE TO Stop it together!
    5
  17276. I wouldn’t have an electric car charging anywhere near my house. No way.
    5
  17277. Sarasota/Bradenton area worth a look. We love it there.
    5
  17278. Hey Michael, I appreciate the content as always. I understand potential buyers might want to wait and see how things shake out. What I'm wondering is what do people do who already own property? Try and time the market by selling before the drop, become a renter at the highest rents we have ever seen, and then try and time a re-entry once things stabilize at a floor? It seems like most home owners or even small time rental investors don't have a choice in this scenario other than to ride out whatever is about to happen.
    5
  17279. 12 k !!!!! Like the new neon sign Michael !!
    5
  17280. Too bad housing prices and renters are not going down to an affordable price, so the economy and the average people can win , and United state can win was well, 🤔, It was just a dream
    5
  17281. love this type of videos!!!!! keep it coming and please be careful
    5
  17282. My home insurance is $ zero $. No mortgage and I fix everything. My property taxes on my 15 Acres is $400/year. Insurance is a social system. This is why the prices only go up. People pay into it and as a result they feel obligated to use it. The insurance industry, auto, home, life, or medical is the biggest scam in America next to the stock market.
    5
  17283. Well. where ever you end up, there you'll be.
    5
  17284. 😁😁😁 2 for $1400 per year 5* Ins..
    5
  17285. If prices are flat in nominal terms and inflation is 10% a year or so over the next 5 years, that's basically a crash in real terms.
    5
  17286. This was a great and interesting one Michael, not that they all aren't, and I'm glad that you don't use hyperbole but just logic and facts. I don't know if you've addressed it yet and I missed it, but I'm wondering what you think is going to happen to rents down here? Stay where they are right now,? Increase? Reduce? Just wondering. I have many friends in the service and retail industry who are either losing their apartments and searching frantically in vain for an affordable one, having to pay the huge increase, or moving away completely.
    5
  17287. I think you loose a lot anyway because most of the price is just government or bank. If you would be paying for material and some reasonable handyman only, it would be much cheaper. But because the government created this world and you are so poor, you have to borrow money and pay for it!!!!
    5
  17288. Any advice for a move to the Clearwater area for a single female. Safe areas?
    5
  17289. I thank you are going to end of moving to Californians
    5
  17290. Great information. I have been wanting to move to Florida from Iowa for some time now. But I will continue to pay down on my house here for now. I'll just keep working hard, save the extra money that I can, and wait for.....I don't even know anymore. Can't afford the gas to even drive down there anyway. Maybe people in America should actually THINK before they vote. If anyone wants to defend their blue vote, PLEASE post it here!!
    5
  17291. Agreed, seems like a nice little gem of a place. From the comments it seems the crowded nature is due to the holiday, as you had said. Probably a nice place just enjoy the vibes of the sunsets. Almost any place on a beach is going to be expensive. I think the best prices you have encountered was in Daytona. Keep the videos coming. I'm still enjoying. I also enjoy the comments from the folks that are familiar with the places you stop. Lots of good info.
    5
  17292. Thanks for the video again! Appreciate all the work you put in. We are potentially buying in the Sarasota area towards the end of 2022. So hopefully these prices start going down a little bit!
    5
  17293.  @MichaelBordenaro  so Florida has been a purple state for the longest time, for the las 11 presidential elections, 4 went democratic. The state lawmakers are mostly republican because of the way the counties are drawn and redrawn. Florida is also a State that needs the influx from other more populated States to sustain its economy. Unless the influx from more liberal States is to the rural areas, the conservative lawmaker makeup is not likely to change. On the other hand, as Floridians and Americans, we have to be open to others that do not think like us. To me, that is a very American value. One of the reasons I subscribed to your channel is that you are very neutral and open to newcomers, but this one video, although very clean and polite kind of justifies the unwelcoming nature of very few Floridians.
    5
  17294. I love visiting FL. Have quite a few family members living there! I could live there but I'd have to really figure out which part.
    5
  17295. A new law is coming which will increase the property insurance and seems that new law wants everybody to pay more for all others insurance.
    5
  17296. Nice video bud, perfectly said. The states people are leaving are completely mismanaged. In more ways than one. Just would hope people that do leave. Keep their politics in those States which drove them out in first place. It’s not a political video. Everything you said is the truth.
    5
  17297. Whoa $655,000! Looks like it is mostly a garage.
    5
  17298. My ears are open.
    5
  17299. Stop over to Southernprepper1 (Dave) for today's short video 14 min. He was at his local bank in SC. and they had a sign up with their loan rates. New car rate is 15.9%, refinance rate 6.91%, home equity teaser rate for 6 months 5.74%, 8.580% after the first 6 months with good credit. He points this out in the first five minutes.
    5
  17300. Socal still also get cold, like the Pacific Ocean is really cold so you cant enjoy it that much year round.
    5
  17301. You did it once just by wing in it at a younger age I think you will be ok now that you have matured.
    5
  17302. At 12:12 he passes a homeless person…
    5
  17303. FACTS!
    5
  17304. My friends insurance in tampa increased $4000 a year, she has a newer roof and the home is newer (newer than 2015). I cant believe people would be buying homes in florida now when the insurance rates are going up this month
    5
  17305. Just outside of Toronto on a beautiful lake in the Kawarthas, cottage country, moving next year to Florida,for the winter, probably Bradenton area, lots of soup kitchens for volunteering, how is it there?Cheers Michael. P.S. I'm 50, if that matters.
    5
  17306. I'm just so glad we don't live close to those amplifiers. Lol
    5
  17307. Buyers remorse here. NEVER NEVER NEVER buy a house without an inspection. If that’s what a seller wants, run. We bought an older home on a beautiful piece of property. That may save us in the end. We bought knowing what we could afford, even if we “retired.” Retiring is not going to happen. The house is a wreck. We knew the roof looked old but the electrical system is old, the pipes are old and clogged, bathrooms look good but... too much to list. Now we work to save money to fix it. What our realtor didn’t know that we are realizing is that this was a home the sellers no longer lived in and put down carpet and painted to sell at the peak. We also found mold in the attic. Even though we are in a Buyer Beware state, we may bring a suit depending on cost to replace trellises, etc. NEVER NEVER NEVER BUY A HOME WITHOUT AN INSPECTION
    5
  17308. My stepfather gave me this same talk when I left for Florida. I still came. The first time I saw a palmetto bug was in my bathroom. I barricaded it till my husband got home. I especially love when you talk about how good Miami is. I want Miami, hubby wants fort lauderdale.
    5
  17309. SUNDAY GREETINGS MICHAEL!! 😀👍🌴
    5
  17310. If workers keep pushing for remote work corporations may start to speed up the worker globalization movement. Compare wages for what you do on upwork with someone from other countries. If someone in vietnam or the Philippines can do what you do for a third of the price, your job could be replaced by them. It's becoming more and more easier to hire someone from overseas.
    5
  17311. Michael, during the big "King Tides" or other torrential, prolonged rain storms, did your pool deck, driveways, or lobby flood or come close to flooding? Also, do you need to buy flood insurance for a condo on a high floor?
    5
  17312. Where do you think you will be relocating to?
    5
  17313. You and her should’ve given Margaret a little hug very cool to catch a fan!
    5
  17314. Your dad look happy and healthy- thank you for the information.
    5
  17315. These are great !!
    5
  17316. I live in this area, and work on Clearwater beach and they all have to be tourists, because we don’t force masks at all and if they do it’s up to the buisness. Which is dumb bc it’s like 100 degrees outside that’s torture
    5
  17317. On Tuesday rates I expect will go up another 50 points. I hope everyone who bought a year or two ago thinking they can flip it for a big return get screwed.
    5
  17318. Happy Birthday Michael! 🎂🎉🥳
    5
  17319. My niece looks for Santa when we leave the house now lol she 4. She's now convinced and hopeful you will spot him again lol. So far what are your top 5 places you have visited?
    5
  17320. Heyyy Jim!!!! Thank youuuu!!☺️We had a blast on my special day!🙏🎉🚘🏖🌊
    5
  17321. Peace of mind…..simply don’t stretch your finances! Stay conservative, you will sleep soundly at night…
    5
  17322. I good two bedroom in Jacksonville is between 1600 and 1900 for a good apartment.
    5
  17323. Thanks for video and I’m looking forward seeing the rest of your Florida traveling adventures. We are moving to DB in September. Having a home built in Latitude Margaritaville 🍸. DB is growing and the price of homes has been steadily going up since we started looking last year. Port Orange, Ormond Beach and New Smyrna are nice areas also as you probably know since you visited them on your vacation. Thanks again.
    5
  17324. Don't forget. Homeowners Insurance does not cover floods. I'll take a guess that over 50% of people in FL do not have flood insurance. My prediction is that property will decline by 25% to 40% in the south/north west part of the state, but will increase by this amount in the eastern or not affected areas of FL. Rebuilding time on damaged homes will take 3 to 5 years.
    5
  17325. Don’t sell it bro I have an 1997 rs Camaro I’m keeping mine
    5
  17326. You called this!
    5
  17327. One of your better videos, the distressed homes appear to be tax and insurance stress
    5
  17328. Cities have been clamping down on Airbnb and other short term rental platforms for years, even back before the pandemic when inventory wasn't tight. This is not about cities altruistically attempting to free up housing inventory; it's about the hotel industry influence. Same as taxi companies and their political influence banning Uber and Lift. Same as car dealers and their political cronies outlawing direct car sales. Don't kid yourself that this short term rental is an altruistic move by cities, just because it aligns with your narrative about low long-term rental and home sales inventory.
    5
  17329. Good video Michael. Unfortunately since it brings in a lot of dollars it will continue. Until something bad happens.
    5
  17330. My parents left in '62. My mom was 8 months pregnant with me and had to hide it. They were only able to leave with some of their clothes. They were wearing wedding rings and at the airport they made them take them off and told my dad "You want to leave? Pick one!" I guess they were lucky to leave with my mom's wedding ring. :( My dad died a month before the SOB Castro did. He was always hoping to see a free Cuba all the while loving the US more than many Americans do. He was a very proud American citizen.
    5
  17331. I couldn't agree more with your viewpoint on cash vs CBDC but you're forgetting one thing. Five years from now (or probably sooner) when you want to purchase anything from a $2 toothbrush to a $50K car, the criminals' incremental phasing out of paper currency means you'll be forking over substantially more for a cash purchase vs. digital for the same item in order to insure anonymity.
    5
  17332. Is there a difference in India work ethic and American work ethic? Did they compare apples to oranges? I would have a hard time going back to the office with all that travel time, traffic and idiot drivers.
    5
  17333. WOW it's incredible how you making it sound like it's that easy. You must have had a lot of income saved up like crazy before making your move.
    5
  17334. Being 63, I was born at the very end of the 'Baby Boom', and with the next generation having far fewer children, there is coming a time when the housing market may collapse for the mere reason that there are less home buyers available than there are houses to be sold! When (if) this happens, we may see a total collapse of the market!
    5
  17335. My retirement plan is to live a healthy life style, fasting, walking and lifting weights. This is so I don’t have to retire and work until my last days.
    5
  17336. 1st view😂
    5
  17337. So thankful that I moved here in November, it’s the happiest I have been in a long time . This video was really accurate! Keep going 💪🏻
    5
  17338. Hey, Michael. Do you think rising gas prices/energy might impact inflation reports and make the Fed raise rates even more?
    5
  17339. Snp 4500 soon
    5
  17340. Hi Michael, I would like to know which is a diverse city in Florida especially people from India? Looking for a safe, upscale and diverse community in Florida. Thanks!
    5
  17341. Always great content, thanks for posting.
    5
  17342. Hey Michael glad i came across your channel. It's been helpful. I like getting a perspective from someone actually living there and not from a realtor or other professional of the sort. I've lived in CA for my entire life and have lived from one end of the state to the other. Beaches, Mountains, Central Valley, Deserts, and Temperate Rain Forest. CA is a beautiful landscape, but as some have already pointed out the expense and politics have become a major issue for most. I'm actually planning on moving to Florida's west coast and hope that i enjoy it. I'm kind of planning on doing the part time thing there as you have mentioned. I'm a wildlife biologist / botanist and do consulting work so traveling is usually the norm for me in the spring and summer months. So i'm hoping to be there during the favorable weather months lol. Question, have you spent much time on the West Coast of Florida and have you done any vids regarding that. I've just started viewing your channel and have't had much time to peruse your back vids yet. Any info would be helpful and that goes for anyone else on this board. Thanks
    5
  17343. The world will never be normal and never was . But I’m definitely moving there
    5
  17344. I moved from NY to Orlando with my family in Jan, best decision we ever made we love this lifestyle. If you're in NY or around those areas. Make the move you won't regret it 👍🏼
    5
  17345. I want a PS5 so bad 😩❤️🎮
    5
  17346. 90k...🎉🎉🎉🎉🎉awesome.
    5
  17347. Great update Michael.
    5
  17348. "Panic is a natural human response to danger, but it's one that severely compounds the risk."
    5
  17349. Yellow Freight Line went under too after 99 yrs.
    5
  17350. This woman had a lot of info. Dude you walked too fast!
    5
  17351. I agree, if you're not right on the beach, one is not likely to go, due to traffic and parking hassles. I've lived right on the beach up and down A1A over most of the past twenty years, and frequently enjoyed the beach. I now live three miles off the beach on FL's east coast, and find I go less and less. As I get older, I find I dislike the mid-day summer heat and sun, and the sand in my shorts. At this point, I prefer a pool. I think most Floridians, eventually and rather quickly take the beach for granted - it's always there - and almost never go to the beach unless entertaining visitors from up north.
    5
  17352. 😎
    5
  17353. Good point about Dave Ramsey... He's been doing couple videos recently about this.. I could not understand why he's doing it and making these false statements that we won't have a real estate crash and prices will not go down etc... So thank you for clearing it up in your video.
    5
  17354. If you MUST buy right now, check the listing information and the full abstract on the property.
    5
  17355. Nice haircut
    5
  17356. Number 1 Beach in the US. I live and work on Siesta and its an amazing place to live and work. Great investment area if you are thinking of buying and renting out.
    5
  17357. Daytona is FREEDOM!
    5
  17358. I bought a waterfront investment property in Palm Beach County as a foreclosure for all cash in 2010. I've had it 100% rented at $1400/mo. since I purchased it. But HOA fees, property taxes, and assessments ($15K + another $10K forthcoming) have cratered my annul ROI to just 3%. On the other hand, if I add in market value appreciation of the property, my annual ROI jumps to 15%. Flood insurance is $400, which I don't buy, as I'm on a high floor. Homeowners insurance is $500, w/o windstorm (hurricane) coverage. At 9:27: Depreciation is a deductible expense only for an investment property.
    5
  17359. In most of California mobile home living is the best non conventional housing available. The key is nearly all lot rents in Ventura County are rent capped at or below the CPI. No HOA fees. No shared walls or reserve fees like condos. No property tax just a yearly registration of about $800 instead of high property taxes. Weather is perfect and 10 minutes from the beach. In many places in California there is no better place to live.
    5
  17360. Nice little town, a good place to live , if one wants to leave the " rat race" behind.....Another, real good video, Michael....You are now 98% above 10K !!
    5
  17361. Great video with important information!
    5
  17362. When One is contemplating a big move, ask yourself two questions (and be honest with your answers) … (a) what are you running away from? (b) what are you running to? Once you have a real honest dialogue with yourself, remember the three “C’s” of life … you must make a Choice to … take a Chance … or your life will never Change. 🧐
    5
  17363.  @MichaelBordenaro  … all perfectly good reasons 👍🏻
    5
  17364. the crushed car is the UD dollar, and the tree is bitcoin
    5
  17365. Wow love this area thanks for sharing
    5
  17366. HELOC..Just a fancy namr for : Pawning your home! No different than a title pawn .
    5
  17367. Its over soon my boyos
    5
  17368. Home prices are being slashed in 32168...finally
    5
  17369. WOW 😮😊❗️ I’m really happy for you and your upcoming trip. I can’t wait to see what you see 😂. Thanks again for always putting out great content. Blessings, Carlos ✝️🙏❤️😊
    5
  17370. enjoy your videos! i hear you on this one but we cant really be in a recession with unemployment still at historic lows. once the unemployment rates starts going up, the recession should be declared shortly thereafter
    5
  17371. I'm thinking investors bought that $1.6 house, There're probably gonna tear it down and build another on the lot.
    5
  17372. People are supposed to live below their means --- well, our leaders have forced us to do this. People should be able to decide for themselves what they want/need. Our leaders NEVER think of living below their means --- they live in mansions and beach houses, they're wined and dined, they take LONG vacations - paid for by us, they fly first-class - paid for by us, some even own Wineries ---- they work very little --- and when they do, they accomplish NOTHING!!!! What a gig!!!!!
    5
  17373. Mike take a look at Vero Beach Florida or Viera Florida.
    5
  17374. I love Kissimmee
    5
  17375. In this job economy surely people can find more local jobs?
    5
  17376. Great Info !! Well done !👍
    5
  17377. Very nice... Thanks for sharing your firsts impressions... Enjoying taking this journey with you & Lizzie!!!
    5
  17378. THEY ARE IN THHE CARALINAS BOJANGLES I THINK
    5
  17379. Live below my means, always cook at home, don't buy Christmas stuff, renting waiting to buy for cash, groceries are up 30 percent, gas for heat went from 60.00 to 90.00, electric went from 70.00 to 90.00 , rent went up, got a 3 percent raise this year, the math don't lie
    5
  17380. you have some of the best content on the web
    5
  17381. Routine can definitely cause staleness brother. After 13 years, I don't blame you for simply just wanting a change. From what I've seen, Miami is a microcosm of Florida as a whole. I've definitely considered being a Floridian nomad, just to experience the entire state. Your time is coming, you're progressing towards your goals step by step
    5
  17382. Buy today and you will actually lose equity, or worse, have total financial ruin. Look on the bright-side, you could sell it on a short sale and prevent foreclosure. Would only ruin your credit score for 3 years instead of 7; no biggy.
    5
  17383. Those multi-level condo "towers" are scary: many levels, rust/seaside erosion, structural issues? Difficult to get to the bottom of what the HOA has actually maintained. I wouldn't touch one. Although they appear beautiful.
    5
  17384. Thanks for sharing! So jealous, I miss South Florida beaches where I was born and raised. Jacksonville beaches don’t even compare, not even close! We have the Saint johns river that flows into our beaches and so most of the time they’re brownish and not very clear.
    5
  17385. So what you think is another good bank that I can go to deposit cash and in person if I need to talk to someone besides chase I really need help picking one
    5
  17386. I’m so glad you said don’t worry about what ppl say I did that before and it kept me, so I’m not saying anything till I’m there for a few days haha! Only mama knows bc she is most important to me ❤️
    5
  17387. Cool video man. What kind of stuff do you mostly play? Do you play in a band or with a group regularly? My favorites are a Gibson SG and a fender strat
    5
  17388. I never thought I'd see a day where Richard Stallman and DeSantis agree on something lol.
    5
  17389. My plan is to keep investing in my retirement account into stocks. Owning my house is the next step in you have a paid-off mortgage you can't find a place cheaper to live. I will enjoy it.
    5
  17390. DESERT GREETINGS MICHAEL 🏜 😎🌴
    5
  17391. Truth be told, if a condo was on Fanny Mae’s blacklist I would have some other questions about that condo. You’ve said in other videos all kinds of problems with condos and people getting evicted from them for various structural reasons and stuff. But don’t forget to rock around the Christmas tree and have a happy holiday!
    5
  17392. Michael you are my You Tube barometer for common sense and reality check!
    5
  17393. Two spots I loved the most.....San Luis Obispo when I was a student in Cal Poly......St Augustine.....adopted that city for winters with all its history and pristine Beaches and the Spanish Quarter...( From Niagara Canada )
    5
  17394. One hundred percent correct Michael !!👍Thank you for being so honest ! I can hear your frustration even as a realtor ! No one knows what’s going on specially with Fed ! I am staying put for now ! Lol !! 🤓
    5
  17395. Very pretty. I was born and raised in CO and the sunsets were very pretty there too. I don’t miss the elevation or the constant wild fires and smoke filled skies though. So happy to be in FL now. Glad you’re having fun.
    5
  17396. My FAVS! Matching sun glasses & tank tops! Travis may get a sunburn.
    5
  17397. This is good. I hope you stay in Florida. You are one of my inspirations. (Keep a couple side hustles). I’m retired for four months. One of my brothers moved to Florida. I decided to do the same. Moving June 1. Putting stuff in storage (in Florida) and renting a vacation place for a month and I’ll find an apartment while there. Anxious and excited.
    5
  17398. Great video. More Vlogs please
    5
  17399. Southern California and up the coast is stunning, we purchased in 1999. I could never squeak by if I had to purchase at these prices
    5
  17400. Hey Michael , Summer is my FAV time on Miami Beach - but my beach (just in front of the NIKKI BEACH CLUB by GOV CUT) is the best beach. Try it , you will like it , joey d. :-)
    5
  17401. 14:54 - Hilarious part where the woman in the black clothes is so far deep in the trash can that her legs are twirling in the air. That is definitely California!
    5
  17402. Great video, Michael! My favorite house was the last one in Pensacola, because it was so affordable, but also had the vaulted ceilings, loft, and great pool area. Also, I just think Pensacola would be a great place to live, because the beaches there are gorgeous, with the soft, white sand, it’s a big enough city, and close to other states, if you need to get out of Florida quickly. Makes me hope even more that you and Lisi will be able to own a place of your own soon.
    5
  17403. My house has never been worth as much as it is now. However, I'd have to buy in an inflated market. Good thing I love where I live.
    5
  17404. One question I have is why the heck housing style in Florida has not evolved to accommodate hurricanes. There's a guy somewhere in Florida whose house was destroyed by hurricane Andrew. He then proceeded to build again and he made his house a concrete dome (you can see this on YouTube by searching concrete dome home hurricane Ivan). Fast forward to 2004, hurricane Ivan struck the exact same area and while his entire neighborhood was decimated again, the whole neighborhood basically rode out the storm in his house because his house was invincible and he even had electricity because he prepared with backup generators. The point being, when you build a structure in a circular fashion, there is nothing for the wind to grab so he can withstand 200 mile an hour winds without any problems. But we keep building these rectangular monstrosities of stupidity in hurricane country and they keep getting knocked down. When the hell will people learn?
    5
  17405. Excellent report on the future of condo fees!!!
    5
  17406. I had a house with a maxed out heloc that I put on the stock market. I sold the house in Apr and paid off the heloc with the profits (made 50% on the house in 4 years). If I still had the heloc at these rates, I'd be royally f$cked. I got lucky with the timing for sure.
    5
  17407. Wow! I can't even believe what I just heard!! Never, never, never do an adjustable rate mortgage!!! I feel for the people getting sucked into this!
    5
  17408. This is happening to me right now on Hollywood Beach. Ten of us holding out & was just about to contact you for some advice. Ouch, but Thanks for giving me the truth. Rumor says buyer will send HIS appraiser & give me a price. Well to me it's priceless, so...😭
    5
  17409. IDK, I think the pandemic has shaken up everything and changed the market dramatically. From lockdowns, to work from home, to city flight, to politics, to job changes. So, popular locales, suburbs, the sunbelt, coastal, are seeing a lot of interest and that's where shortages are most severe. I can imagine a lot of excess housing in cities and urban neighborhoods. The pandemic and the political reaction to it caused a sudden shift no-one was ready for.
    5
  17410. Thank you michael
    5
  17411. Looking forward to the 14th and 15th stage
    5
  17412. When you come to California visit Treasure Island Beach at the Montage in Laguna Beach. The best Beach in SoCal. Water isn’t murky like the rest of the coast. It has a nice public park maintained by the Montage Hotel so it’s super cool.
    5
  17413. Glad you made it there....I highly recommend it. It feels like a big town and it's the most "southern" city in Florida I've been to. Lots of Spanish moss...so beautiful!
    5
  17414. Fantastic video fantastic topics, thank you so much for covering this Michael I was really starting to feel helpless the other day, that said seen this video gave me their morale boost I needed to get a rudimentary game plan together and start moving forward. Thanks again bro. John 3:16
    5
  17415. I don’t trust AI because it is only as good as it’s source material. AI often lacks nuance for this reason and more importantly, they always lack understanding of what they actually say. Perhaps in the future it will get better, but as of now, no way. I want a real human for news and information.
    5
  17416. Doing it ,I am in a double whammy situation sold my crappy little condo in LA area for a ridiculous amount now I am planning to move to Florida when the price’s are a little realistic I took advantage of the crazy LA prices and now I will take advantage of Floridas affordability market when the time is right .Thanks for your informative content
    5
  17417. You're right
    5
  17418. I think, a house outside of my neighborhood, it's possible , it could be a foreclosure home. ( I am guessing ). The people packed up and moved out. You don't see a "for sale sign. Wait and See if anyone moves into the home. Surprised you don't see an For Sale Signs on the boats. 7,995 I bet most of them, in Northern Illinois!!!
    5
  17419. Looks like I’m not going to move there like planned, unless I buy a mobile home on land and forgo Ho insurance
    5
  17420. Why can't one agent arbitrate between both the buyer and the seller? Seems to me that people need to get real about this!
    5
  17421. My 2/2 in Lakeland ,FL went up 11% or $153.00 last lease renewal in Dec 2021. Now my apartment has gone up another $350 since then. So…a $500 increase. Shouldn’t be legal. It’s gone too far.
    5
  17422. I am waiting on the sideline until prices goes down… I don’t mind the interest rate as long as the property is not over price.
    5
  17423. Can you please make videos about Navarre Beach and Pensacola beach? I guess , both are beautiful.
    5
  17424. Thank You for riveting your attention upon these Real estate-issues.
    5
  17425. Another excellent video. Ground floor units are great for people with dogs and kids! And of course people with hip, back or leg issues that prevent them from walking too much/climbing stairs etc. I love these small buildings too, the check all the boxes.
    5
  17426. Napa - woot woot! I like Sonoma much better!
    5
  17427. Hi Michael, thank you for your videos. Our homeowner's was $1533 last year, went up to $1883, an increase of $350. We bought it last year; haven't heard anything on taxes yet.
    5
  17428. Thank you for doing this but this was wayv too noisy and distracting to actually process what you were sharing.
    5
  17429. Wait till the crypto and equity markets keeps collapsing, there will be liquidity issues and more homes hitting the market, especially if the layoffs start rolling in by Q4 of this year.
    5
  17430. This video was absolutely beautiful. Thank you so much for sharing this. Florida is such a beautiful state.😊😊
    5
  17431. Great video, thanks for reminding people how important Bitcoin is.
    5
  17432. I'm going to have my home paid for in 2 years. I'll stay in it as long as I can. I'd love to move north to the cold, but who knows what it will be like in 10 years.
    5
  17433. Yesterday Jerome Powell mentioned credit tightening by banks. Can you mention in an upcoming video something about this? A friend mentioned that many banks had already stopped lending. No loan means no house sales.
    5
  17434. Ocala is horse country! Also we are conservative and a Godly city so keep that in mind if your coming from a democratic state we want to stay free here in Florida!
    5
  17435. They're still lying to us 🤷‍♂️
    5
  17436. Hope you are feeling better. Thank you for all the knowledge share . ❤
    5
  17437. It seems like a pretty nice sleepy town where a lot of people can enjoy. Not everyone wants to live by the beach. Thx for sharing.
    5
  17438. 1% down may delay the foreclosure for a few more months. If lenders are willing to use Wall Street money to gamble then this could go on for awhile. However, someone will go bust and left holding the empty bag.
    5
  17439. Bro! I’m working on S Shore Dr on Normandy doing a renovation on a single family home. Walked around the island and saw the condos delineated by a secure gate. Cool to see you over here
    5
  17440. Laugh 😂 about food comment “don’t like paying for sh**t “
    5
  17441. I would just sell the destroyed lot to anyone that wants it and find a standing home inland or in another state.
    5
  17442. Definitely moving the Florida🤞🏿Im tired of VA and the dmv area
    5
  17443. That the USA does not have high speed rail ANYWHERE in the country is a great injustice for Americans. Oil and gas and car lobby intentionally kept us ALL addicted to gas, and air travel. High speed rail MUST be a priority for our future in the USA.
    5
  17444. Michael keep doing what you're doing bro. You are speaking the truth out here, unlike what our Federal, State, and Local Governments are telling us about this economy.
    5
  17445. If interest rates NEVER went so low, none of this would have ever happened
    5
  17446. Capital one just flat out cancelled their overdraft protection and sent me a letter after the fact. They are another leech bank that takes monthly service money from you.
    5
  17447. The American Dream of Home Ownership is on Life Support . As Homes across America have become nearly unaffordable for the average person . And it's only going to get worse .
    5
  17448. Michael, it's your boy (pronounced ish yo Boy) James. Since you are kinda unofficially my eyes in Florida, I'm also looking for a Bible balanced Christian church that has "rotational leadership" in Orlando. You know of any? I guess the one I currently attend is NW Arkansas Fellowship Bible, structured as Reformed Southern Baptist to Nondenominational non Charismatic. I've had to learn the hard way avoiding "Centralized" leadership structured churches where just one guy calling the shots even when his chair is above the board of elders. That's a deal breaker. All pastors on board are equal and share the responsibility of sound Biblical preaching and application among the community. I am praying for your continued guidance. Sincerely your friend, James Knight, grateful believer in Christ Jesus.
    5
  17449. OVER PRICED WITH GREED!!! TOO BAD...
    5
  17450. Definitely seems to have that southern vibe. Looks amazing and love that peacefulness. Can't wait to see what the downtown looks like. Will you be checking out Pensacola downtown? Thanks for the info!!!
    5
  17451. There are so many more inexpensive options, in some other countries! Including beachfront properties, and no hurricanes.
    5
  17452.  @MichaelBordenaro  so they’re basically paying the same rate but the home value is based on 1980ish value and that was indexed to some inflation measure. But that accounts for why these property tax levels go from 2000 to 17000 in one year in a sale
    5
  17453. California is lost. It will never correct course - people vote democrat, blame all their problems on republicans, even though republicans have zero power in the state. It has been that way for years. My brother lives there, there is an absolute disconnect - he votes democrat, complains about all the problems democrat policies cause - but continues to vote democrat because republicans are evil. Most of the state is that way, I think there is something in the water
    5
  17454. 9:42 The “Leaf Blower Man” 🍁 strikes again Lol — Michael says “Leaf” me alone will ya ?! 😂
    5
  17455. You are a very smart man Michael. I deal with short sales, foreclosures and bankruptcy and you are spot on, I can't even challenge you because you are right about all of it.
    5
  17456. I had to pay a thousand dollars assessment fee for roof from September to December each month only with a two week notice. You can imagine my Christmas I didn’t really shop
    5
  17457. Back in about 2008, we bought a house at about 10% interest. We didn't have great credit. The only way it worked was because the house was only $235,000. 6 bdrm, 3 bath, 3000' ft., 1/4 acre in nice neighborhood. That house now goes for well over $600,000. Impossible to do that same transaction now.
    5
  17458. Awesome weather shots
    5
  17459. absolutely agree. rental investors should not be able to buy houses like this right now when we are so low in inventory!
    5
  17460. One other point about a lower price, your down payment goes further.
    5
  17461. Baffling that that house still sold for 1.4M when the previous year it sold for 800k. I dont get it at all.
    5
  17462. remember when i asked you to be my realtor but your in miami...lol......the times we have had...alright lets keep awesome florida videos a ricking....go brother....
    5
  17463. The batteries get destroyed in cold weather. Imagine having to buy a new battery in 5-7 years! 😮😮
    5
  17464. I'm surprised that u didn't go to Hollywood Beach. So close by and yet so different. Boardwalk and restaurants are my favorite
    5
  17465. Thank you for the info, keep making these kinds of videos. Btw, nice artwork there!
    5
  17466. Soooooo today, we went down to check out how Anna Maria Island ( which is 10 miles away form us) made out with the Hurricane, and we drove down to the North Shore and walked down that path that you showed in your Anna Maria Island video. It is BEAUTIFUL and we would have never known about it had I not seen it on your channel. They have to boil their water there now and don't have power but otherwise they didn't have much damage.... Really devastating an hr south of us though, and so very very sad!!!!
    5
  17467. Haha the end though 😁😅. We could never get tired of you, michael 😄
    5
  17468. The problem with Florida is it that the market is Out Of Reach For A lot of people that are locals who've lived here. A lot of these homes are just crappy and they do a little rehab here and there and they things are going to be greedy landlords and owners think they're going to get all these big prices. But the market will crash. And there's a lot of people that have been in Florida or come to Florida want to leave Florida. And a lot of the wages are not up to par with the cost-of-living they think $15 an hour is going to pay it have money over on average rent over twelve to fifteen hundred dollars a month.
    5
  17469. OMG I ❤ it my 2 favorite ppl on yt I fuggin love this!!!!!!!!
    5
  17470. The topic of retirement is very complicated and cannot be solved in one video. Previous statistics are meaningless because we do not know about how this inflation will play out. And, of course, in the USA the biggest question is how expensive healthcare cost will be in the future.
    5
  17471. This is beautiful.
    5
  17472. Have to agree, not only is it extremely expensive, but personally, I don’t find it desirable either, for so many reasons, whether they be climatic, economic, or political, or even what’s going to happen down the road, climate wise. It just doesn’t seem desirable personally, but many others seem to love it so good for them. Live where you’re happiest is the bottom line. If you can afford to.
    5
  17473. ❤❤❤ hi Michael and Liz ❤❤❤
    5
  17474. Awesome, love the information, and you are 100% correct with the information. Thank you.
    5
  17475. Things wont get back to normal till Pandemic is gone and peope start listing. I love Florida but its crazy down there. By the way please shoot outside more often as that is the best part of being in Florida. Thanks
    5
  17476. The content is good. RE crashes take years and only come along every so often. Plus you offer content in 4k in beautiful Miami so that's a plus.
    5
  17477. The lowest average 30-year rate by year between 1975 and 2000 was 6.94 in 1998. 3 and 4 percent rates are not normal or good, 2003 to 2005 the average was 5.8. The back up to in the 6's until 2010.
    5
  17478. It can take a lifetime to save $10K . And that’s if you’re working everyday .
    5
  17479. We've been living in Fantasyland Next Stop reality the downturn is going to hit people like a ton of bricks
    5
  17480. Thanksgiving week my daughter sold a house for nearly $800K… I was shocked to hear it, especially since hardly anyone is even looking. But then, the asking price was nearly $1M. Rarely selling, but luckily for her is that it’s high priced homes that are selling, not the $400K price range.
    5
  17481. Awww, We used to stay in the exact location where you are relaxing on the beach in a place called Island South condominiums for 7 years in a row during the summer time. My former boss who became a really close friend owned a condo there and we stayed there for free!! Couldn’t believe it. She has since passed unfortunately…I really miss her! And certainly miss the family vacations in Saint Augustine! Can you believe she bought that condo on the third floor for 425,000 back in the day!
    5
  17482. This guy is cool...
    5
  17483. It's true. Homes in Spokane have been just sitting since summer. Spokanites can't do these prices.
    5
  17484. I’m doing “fine,” would be “great” if I felt more buying power. But I moved jobs last year which came with a significant pay increase and I’ve also spent the last 8 years reworking my finances, now focusing on saving, investing, and financial security. The good thing is you can still save & invest during economic turmoil (as long as you have a job). I would not be “fine” if I didn’t set myself up this way.
    5
  17485. A good synopsis. Everything but healthcare does cost more here. And, Ron DeSantis is an idiot. The swamp in Tallahassee is filled with good old boys and lobbyists lining their pockets and shifting quicksand where taxes disappear.
    5
  17486. Really nice neighborhoods is totally subjective for sure….
    5
  17487. I agree with most of your predictions but disagree with the conclusion. Unless you are paying cash the increase in rates will more than eat up these marginal reductions in price. It's exactly what's played out this year - sure you're getting that property for $40k less but now your monthly payment is probably 75pct higher!! Guess the gamble is when you see rate reductions, I don't see them going sub six again for a LONG time! Good luck all
    5
  17488. I am leaving California to escape the chemtrails for the geoengineered drought. Seriously, if you look at Breezometer, our air quality is horrific. You can barely see a mile up the road. Even the air over the ocean looks filthy. If you shine a flashlight on a garbage can lid or any “dusty” surface outside, you will see that it’s actually covered in shimmery, metallic nanoparticles. Looks like glittery eyeshadow but it’s actually the aluminum which they are spraying for the drought. And you can smell the aluminum when you step outside. The nasty metallic stench clings to your hair and clothes, it’s dreadful. 1PacificRedwood is documenting this fiasco on his channel. Every time there is an incoming moisture front from the Pacific which should bring rain, the chemtrail haze quickly gets rid of it. I can’t wait to be in Florida, I love rain and humidity. CA is so dry, I feel like I’m living in a food dehydrator and I look like so dry and old after living here for over 10 years. Even the celebs are starting to look all haggard.
    5
  17489. Trying to buy votes 😂😂😂
    5
  17490. My first home 🏡 I bought in 02 In 07 it crash 2010 I bought 2 home Cheaper than the first home 🏡 I bought in 02 Then in 2013 I bought 2 more Home cheaper than home 🏡 I bought in 2010 😂 I'm waiting for it to crash So I will pickup cheap 👍
    5
  17491. When I use cash for everyday expenses, I spend less money. When the cash envelope is empty, no more spending until the next payday
    5
  17492. Having lived in Dubai over 8 years, Ive seen just about everything. Yes, the key is to be grateful for what you have NOW.and strive to improve . That’s what I believe.
    5
  17493. Rooting for you! You can do it!!!
    5
  17494. Great job Michael! May 15th thru Nov 15th is very hot'h humid here. Lot's of insects and mosquitos.
    5
  17495. I left California around 7 years ago and was considering living in south Orange County in the winter months but after doing the math it just isn’t worth it to live there even 3 months out of the year. Could take that money and travel the world to exotic places
    5
  17496. No Keys? From Crystal River to Tarpon you missed You need another 17 days
    5
  17497. Buy a house ....pride of ownership and do what you want
    5
  17498. I'm coming back here to say thank god I waited lol. We're slowly seeing things shifting. Thanks for putting out this content.
    5
  17499. I wonder how high flood insurance is in this area?
    5
  17500. My philosophy about the housing market since it got stupid has been,..''it is a seller's right to put any price they want on their house,.....and,.....it is my right to tell them 'screw you''.
    5
  17501. GREETINGS FROM PALM DESERT CALIFORNIA MICHAEL 🏜
    5
  17502. if you are going through emotional problems especially because of someone at work or in the house you live, moving actually helps A LOT.
    5
  17503. In Michigan's thumb. Our home has doubled in value in the last 5 years, and the thought of cashing out has certainly crossed my mind. That is until the reality of moving twice rears it's ugly head. I'm good right where I am. 🙂👍
    5
  17504. Mike look at houses in Port Orange. People are laid back and it is still affordable Some houses are close to the beach. Also around the Villages you can get like 10 acres (house) Lady Lake and Oxford You can take the Ocala Forest road to the beach But it is about an hour 20 min Drive Daytona Beach unless you are in the right areas is very high on crime. Not so with Port Orange Daytona Beach Shores Ponce Inlet and Ormond
    5
  17505. yes, this was a very good video, there are so many people in the world that feel the same way.
    5
  17506. Should have flashed up a picture of Admiral Ackbar when you were referring to ARM's as a trap.
    5
  17507. Pricing isn’t going to drop in Coastal cities in Southern California. Zero inventory and people will stay in the homes due to low interest rate. I just don’t see it🥷🕺🏾
    5
  17508. Nice video Michael. Maybe not take so much luggage with you. Maybe not pack so many places to go and be in a short time. Pace yourself. But yeah, there’s no place like home, your own bed, your TV and stuff. But have fun and be free. 😎
    5
  17509. You have to check out Pensacola at some point. It has a vibrant New Orleansesque downtown.
    5
  17510. My girlfriend and I are looking to move down around August/September from NY. The plan is to stay at an airbnb and tour apartments during that time. Are you open to show rentals or do you only show to buy?
    5
  17511. The antidote for any financial optimism is to listen to Michael every night. America's wet blanket. Things are not that bad, Michael.
    5
  17512. Florida is IMPLODING. The new California, a polar opposite.
    5
  17513. Hi Michael, your points are well taken with regards to rules being "temporarily" made for one thing, and then being justified for another. The other extremely unfortunate and sad reality of the situation is that I believe these cities such as Los Angeles are also looking at people who are about to become PERMANENTLY homeless. Once the vast majority of them actually do get evicted, they are looking at a situation in which nobody would really want to rent to them even if they HAD the money due to the fact that they already have the blemish of not paying their rent carrying forward. And those are the lucky ones. So we are really looking at people who are going to join the EVER GROWING population of homeless lifers of which very little other than tragedy awaits. Perhaps you could say it is a tragedy for both parties. Still, I would rather be a landlord with a roof over my head, than a tenant living under somebody else's roof staring at a possible lifetime of homelessness ahead.
    5
  17514. FOMO...keeping up wwith the Joneses...best just to hunker down and only buy what you can afford!
    5
  17515. How about renting,is that ok?
    5
  17516. Like your honesty keep up the good work.
    5
  17517. Don't forget to tell these people some times we don't get rain lets be Honest born n raised in Florida all my life all my family was As for these beaches we always went to Daytona beautiful beaches there or Fort Lauderdale. We are the Strawberry Capital of the World You will see alot of Berry field's my Nephew Owns 1500 acres in Plant City Fla where we hold the Strawberry Festival 🍓. He also grows his own Strawberry plants which is in South Carolina Hope you enjoy the State of Florida We do have people that have 🍷 wineries thats also in Plant City Fla they make there own Wine and to tell you pretty dang good...Visit Askin Farms in plant city Fla on line...
    5
  17518. Its really awful in Canada too that many families considering moving there because of rising prices from food to housings market , not a good health care system , no job ,....people are getting sick and tired of their governments and their doing every where . Some thing needs to change fundamentally , maybe a NEW SYSTEM OF GOVERNING for the PEOPLE, BY THE PEOPLE NOT BY THE POLITICIANS.
    5
  17519. House. Did a condo once. Once was enough for a lifetime. NEVER AGAIN
    5
  17520. I think you are one of the smartest guys out there
    5
  17521. That house for 1.8M looks like a 300k house to me. If I had 1.8M to spend on a property that would not be it.
    5
  17522. 🎉 Happy birthday 🎂 Michael!
    5
  17523. You need to take the Wine Train👍😉
    5
  17524. That’s exactly how I feel about marriage. Thought I was going crazy here!
    5
  17525. Augusta GA is my hometown. Very affordable just a dead zone for activities 🤣🤣🤣. You will be going to Columbia SC or Atlanta, GA running up the miles on your car.
    5
  17526. Seems North Florida and the Panhandle are the cheapest parts of the state.......
    5
  17527. All we can do @ end of the day is Eat right Exercise a lot Take ur vitamins Don’t wait till ur 60 to start !! I’m 56
    5
  17528. Google said they've cut their hiring by 2/3 rds for the rest of the year.
    5
  17529. You totally left out Northwest FLORIDA!! A lot of cool places...
    5
  17530. Wow heartbreaking.
    5
  17531. 3/4 of people surveyed recently cannot drum up $400. The days of extravagance are coming to an end. That includes average citizens being able to buy a house. It is over for most.
    5
  17532. I know the good deal when I see one 👀 But unfortunately we're not there yet 😕 Payment still too high Not generate positive cash flow so I staying sideline
    5
  17533.  @MichaelBordenaro  Thank you 🙏🏻 and yes 💯 percent !
    5
  17534. The name of the game is so simple now. Keep the prices high until the Fed lowers rates again.
    5
  17535. I live in Nashville, TN. 85k is not enough to live well here, either. I can't afford to move but if I could, I'd be gone yesterday.
    5
  17536. My coworker lost 300k from what was a million dollar 401k balance.
    5
  17537. The insurance problem is coming from Tallahassee. They don’t want to lax the legislation around insurance companies. There is no need to do a full replacement on personal items or houses. These laws are meant to protect us but they are screwing us over. That’s why these insurance companies keep jumping out of Florida. My house is 1600 sqft. If a hurricane hit my house I don’t need $280,000.00 to fully replace the house. I’m sure they could fix the house for $100,000.00. If the house is 3 bedrooms and you can’t afford to add to the repairs then don’t get 3 bedrooms. Now you have a 2 bedroom house. You had brick but now it cost more, guess what, now you have vinyl siding. Ugh..I could keep going on and on and on…….
    5
  17538. You Rock!
    5
  17539. Michael go south to Jupiter\tequesta area and get a kick out of How much sellers are delusional.
    5
  17540. In Tennessee today I put a bid on the house and I was beaten by multiple birds this is ridiculous it's actually going up over here
    5
  17541. Everyone pays rent....you either paying it to the gov't, the bank, or both.
    5
  17542. I mean......I remember a guy named Zach in the YouTube comments who might have suggested BTC at 10k a bit ago..😂 good to see ya making moves! 50k by Mar, 225k by Sep!
    5
  17543. I have a question: Does your wife believe you? 😅
    5
  17544. Doing what we can to save for the uncertain future snd continuing to hunker down. Bracing for impact!!!
    5
  17545. Hence why they only build luxury condos, townhouse, mansion... Not profitable at all for affordable! Feel really bad for the average Joe hoping to get a 250K dream house!
    5
  17546. sadly today’s events have changed all this
    5
  17547. Been there done that ! Sued the builder won the case they just filed bankruptcy in the end I had lawyer fees to pay and tear down a 2 year old home and build a new one out of my pocket..
    5
  17548. Hi Michael and Lissi a very pretty place you're walking in today
    5
  17549. I'm 24 Michael, went in the Air Force at 19. Got Associates degree in Automotive after I got out, and recently left California and move to Arkansas last March. And considering moving to Central Florida possibly around Ocala etc. And live as a Minimalist and always been single, And even helping family try to move out of CA. Not a lot, but something for being 24 years old.
    5
  17550. Few people actually prepare for retirement. I worked in a job where I was fortunate enough to have a pension and was able to retire young. But, my coworkers who had the same opportunities I did are working another decade or more.
    5
  17551. Hey Michael, A listing in Georgetown Texas near Austin Texas. A flipper may be losing their A$$ on this one! Someone bought a house in my old neighborhood June 2022 relisted July 2022 at $724,900 dropped the price every month and now down to $509,900! Zillow doesn’t show their purchase price. Probably one that Zillow bought! Thanks for all you do! Keep up the great work!
    5
  17552. Housing is broken. Again.
    5
  17553. Anyone with Intelligence would sell that miami house in the hood for 500k and live like a king somewhere cheaper and safer somewhere else
    5
  17554. HOWDY MICHAEL 🏜🌴
    5
  17555. I'm 39 and closed my 401K this week. Watched it drop 2k over the last month and its from an old company I worked with and I wasn't contributing to it since 2020. Could have rolled it over to the new company I'm with but nah. I don't care for the ups and downs when it comes to my money. Will it happen in life, sure but 401K is too shakey for me.. still a good amount of cash after the penalties for early withdrawal. Gold/silver and some cryptos are the better investment these days . This war with the current administration is gonna wreck our economy. Be prepped
    5
  17556. Michael - were not going to get to 2008 distress. We've had multiple home sales on a price going up trend in Santa Fe... we're likely lagging behind areas that doubled or trippled between 2012 and 2022. Don't expect a flood of inventory except perhaps in Florida, home of the shitty state government.
    5
  17557. College is a Business
    5
  17558. I wish there was a way to see how many home sales in Florida are real people to real people. Not investors trading amongst themselves. I feel like the market here is being artificially propped up. These Wall Street guys do the same thing with stocks where they trade amongst each other raising the price while luring in unsuspecting retail FOMO then they do their rug pull and leave them bag holders.
    5
  17559. It looks amazing where you and Lisi are Michael 🙂
    5
  17560. It's happening everywhere. I'm from NYC and would never go back. What is needed is good leadership. The Biden administration has not helped the working, middle class, or retirees.
    5
  17561. I really appreciate you guys two of the best❤
    5
  17562. I reside here. Good, good neighborhood
    5
  17563. Don’t feel bad man. I’m sure you gave him plenty of chances.
    5
  17564. Your numbers need to adjust for when the claim comes in. A claim in year 1 puts you in debt, not having a claim until year 10 or 20 or whatever had different returns.
    5
  17565. Michael it looks like you're still in California after all this time. Are you ever going back to Florida or are you moving to California?
    5
  17566. I went to fresh market by sunset harbour a bit ago. I was just laughing at the rain, winds, and flooding. Stay safe!
    5
  17567.  @MichaelBordenaro  It won't last. City people panic bought. Most people HAVE to go back to the Office. NYC said they are doing clawback taxes on those who left. Naples is beautiful but any city to here? Its bedtime by 8pm. I t is a median age of 70. It is SAFE though so that is the nice thing, you don't feel scared.
    5
  17568. Peter Wessetzky ... move up to Ft. Lauderdale. We don’t have that problem up here 👍🏻
    5
  17569. Michael Bordenaro ... much less traffic than Miami Dade 👍🏻. No language barriers 👍🏻. Good restaurants 👍🏻. Broward Center for the Performing Arts 👍🏻. TWO level 3 trauma hospitals 👍🏻. Less hectic than Miami Dade 👍🏻👍🏻👍🏻. The only reason I go down to Miami is to fly out of it because it’s a MAJOR AmericanAirlines hub and I’ve achieved lifetime status with them, otherwise I can get everything I need or want right here in Ft. Lauderdale 😉. Keep up your great presentations Michael. I’d love to see an in-depth on Tampa. That’s the only other city I’d live in.
    5
  17570. I agree with everything you say, BUT if economy slows down, companies may start laying off employees. Nobody would want to buy a house if they have doubts about their job stability.
    5
  17571. If my daughter moved to Florida I’d visit her four times a year. Oh wait, I’m the one who’s moving there! 😍
    5
  17572. Wow, that is a truly shocking amount for insurance & taxes!
    5
  17573. California is a mess.
    5
  17574. We are thinking of replacing the roof with a metal one that lasts 50+ years. Does anyone know if the insurance company could also demand that it is replaced after 10 years ?!?
    5
  17575. My uncle's had his '95 since '01, currently sitting around 230k miles... I don't think he's had to do any repairs to the gearbox at all; just 2 water pumps and some AC stuff. What in the world caused so many issues with yours?
    5
  17576. I feel bad for the Florida natives and retirees, who may have owned their home outright. Now they are being put in a situation where they are having to move out of their native state because they won't be able to afford the lawyer fees or whatever else they are going to have to pay to get their homes rebuilt fighting insurance companies. All the while having to wait it out somewhere for a year while it's all being played out. I'm sure there are a lot of people who are having to relocate to another state permanently now for this very reason. It's quite sad.
    5
  17577. ..and I forgot to say, I am considering buying a retirement home in Florida, for when I decide to leave Taxifornia.
    5
  17578. Hi Mr. Micheal Bordenaro . i dont know if you will ever read this but i find my self relating to some of your videos like " feeling like being left behind" and " how to be happy being alone" i have found my self being alone most of my life, sometimes i feel sad that i'm alone all the time but in reality looking with-in my self i feel its something i have brought on my self. cause when i am with other's i feel longing for my own space where i can create my own surrounding and my own reality. i am currently in the process of preparing myself to move to Florida. i used to live in California but i move to Canada to live near my son whom is born and raised Canadian but i am U.S. born and raised.long story..... anyways what i am trying to say is I HEAR YOU. I am a outsider , a Man who is highly intelligent, whom look's outside the box, who see life beyond what's here on Earth and i AM seeking the Ocean again , warmth again and hopefully Florida is my answer. i have watched most of your videos and they have helped a lot. so Thank you for your time and effort to inform us about Florida. God Bless you SIR and may your life bring you to your Center
    5
  17579. Pay my rent!
    5
  17580. I love california a lot but the cost of living just makes it hard to live here so my family is planning a move to Miami in the next few years
    5
  17581. And that was exactly my thought… probably a hater or a loser…
    5
  17582. I talk to people all day and thay all are complaining about house or rent prices especially young people.
    5
  17583. I canceled my cable TV and only use the internet. Anyone notice that there are like double the commercials now, and they are more idiotic than ever? TV time is better spent watching Michael B!
    5
  17584. I have 3 kids, it is shit shit. We have to rent or buy bigger meaning it is to expensive , I need to buy food like crazy, buy close, brace…… and I have the same salary like anyone that has NO KID!!!! Fuck!
    5
  17585. I have a 17.15% credit card rate with USAA. But I always pay it off before the balance is due
    5
  17586. i just moved from new england last month to orlando florida am a nurse am a bernie sanders aoc liberal millenial :D
    5
  17587. Yes, been watching and hearing about it !!!!
    5
  17588. Ultimately it looks like lower mortgage rates is the only solution to restore affordable. 7% rates have destroyed supply
    5
  17589. Another tropical storm which translates into increased insurance rates
    5
  17590. Pay attention to the car market.. car max asking 60 percent more tan market value. .. and will not adjust…. Imagine your paying 60 percent more than the house is worth..
    5
  17591. Sometimes you just gotta grab the bull by the horns...
    5
  17592. Working 3 jobs now {days weekends and nights} so hard to keep up but will watch the video when I’m doing laundry
    5
  17593. I am first here again,yah 😁😊
    5
  17594. More inventory coming - yay!
    5
  17595. I realized that myself regarding Florida being remote from the rest of the country regarding road trips. I live in NE Ohio where I can easily drive to Chicago, Toronto (and many points in Ontario), Detroit, Indy, DC, Niagara Falls, NYC & Philly. It is something to think about giving up if moving to Florida. If I continue to work from home, I still can relocate to Florida but stay with family in NE Ohio during the summer, hopefully I can swing that!
    5
  17596. Do you know how expensive the houses are to buy there?
    5
  17597. Keep your mind and body moving. That's the anti-aging secret.. a good day's work can do this. 🎉🎉
    5
  17598. Loving the vids Michael. I’d be really interested to see some house tours, including the back gardens. The trees, fauna, and landscaping looks really beautiful out there. It’s very inspiring as someone in grey London.
    5
  17599. I love Ft. Lauderdale. My mom and I spend our Mother daughter vacay there. Any ideas of new things to do when there, any tips for Las Olas Boulevard? Hate that we are missing this summer, 2021 will definitely be there.
    5
  17600. Mike, we should call you the walking street economist.
    5
  17601. A couple of million dollars for a pool deck? OMG. You gotta check the reserve fund when buying. I am more familiar with coops but am I correct that a condo building doesn't have a mortgage on the building? Condos have lots of rules..I once had a townhome condo. That was a mess. Now I have a fee simple townhome. Some rules but less..fees are low and I own the land. Thx Michael
    5
  17602. Holy cannoli good jeep Everglades tour 😅
    5
  17603. That's why I'm waiting to buy a home. I want options at a buyer's market.
    5
  17604. Sure glad I'm a renter!
    5
  17605. Very interesting set of towns! And it’s nice to see people out having a good time after the year we’ve had!
    5
  17606. It's been known for many years in economic circles that the Millennials (and future generations) are much worse off financially than their parents were at the same age. Last I heard, 2/3rds of Millennials had $0 saved for even a down payment on a house. The only way most get in at this point is help from mom and dad. Every Millennial I know, mom and dad either bought their house outright or substantially assisted in the down payment, etc. The irony is, after mom and dad helped buy their houses, the Millennials then turned around and "invested" (read: speculated) in cheap airbnbs which they then proceeded to lever up on. They're most likely going to get wiped out in the next recession and it's probably going to take out mom and dad along with them.
    5
  17607. Chased by leaf blowers and rain, thank goodness you aren't being chased by dogs. You could do a Q&A livestream when the weather is bad.
    5
  17608. You guys are outstanding! Thank you for sharing your work and what you see!
    5
  17609. I love the sunrise at the beach in Florida!!
    5
  17610. I think that a lot of people are going to be crying in their oodles of noodles come 2023 and beyond 🤔 Merry Christmas Michael 🎄
    5
  17611. You are busy. Burned house is great for contractors. Don't have to pay for stuff your going to rip out anyway. Sales in Sanibel ( hurricane ian) are on fire for exactly that reason. I just saw a commercial of rocket mortgage getting into the selling real-estate business. In germany banks would not be able to loan money for one property but suddenly didn't have a problem with a property they had under contract. Funny - zillow commercial . Offering there experience - to go broke? Low inventory - better hurry. Lol
    5
  17612. I like this clean little house. Reminds me of places I have lived in San Diego, for sure! I could totally see you and Lisi in this house, or one like it. :-)
    5
  17613. I would still take Florida over Ohio any day!
    5
  17614. That's the carrot? No prepayment penalty? My bet is, they'll be sending out sweeter offers soon.
    5
  17615. Lol that thumbnail had me laughing for real, nice job! 👍🏼😆
    5
  17616. Here are my home buying rules, 1) I do not make offers on a home that is a pending sale 2) I will not compete with other's for the same home 3) loan and inspection contingencies are required by me....no exceptions. 4) my purchase is a business decision and I run all my affairs as a business 5) the home you want to live in is a personal purchase and a place to live.....your enjoyment is the rate of return and it is not an investment....like you said and is how I operate, an investment property generates positive cash flow 6) make sure the market rent minus 10% is at least 10% less than all the expenses otherwise it is not worth buying 7) area incomes versus mortgage payments need to meet lender acid test....1/3 gross income maximum should be what your affordable loan payments should be....this is why nothing is selling right now....I will not buy any personal home based on 15% to a maximum 20% of gross income.
    5
  17617. no matter what the economy is doing, I wouldn't get an adjustable rate mortgage
    5
  17618. I've thought about this but rents seems to be going up everywhere, even in the places that would seem less desirable for remote workers like Ohio.
    5
  17619. Michael, what if someone selling a condo, closing suppose to be next week, doesn't want to sell it anymore? If a buyer backs out, they loose their deposit they first put in the condo, but what if the seller decides they don't want to sell their condo? Thanks 👍🏽❤️
    5
  17620. I have been selling insurance for 20 years... Louisiana, Florida is the most expensive states for auto insurance.
    5
  17621. I own a house and some vacant land. The taxes on my house I understand. House requires roads, schools, police, fire, paramedics, and other services. But what services do I get for my vacant wooded swampland? It needs next to zero government services, certainly not enough to justify the taxes on it.
    5
  17622. I'm outraged FL officials don't seem to let anyone get their personal family photos or important papers before they order people out or blow up a condo. Only need 15 min in an orderly fashion to get it done, at their own risk of course. Disgusting officials getting it done fast and easy on them.
    5
  17623. It will be interesting to see how this unfolds. I'm thinking- how will buyers find houses? How will they get in to tour the houses? Does the seller's agent now have any extra legal obligations to buyers, I agree the previous system was a bit abusive to sellers and buyers, but this 'solution' may be worse.
    5
  17624. I bought 40 1oz silver rounds as just in the past 2 days.
    5
  17625. Just look at the number of store chains closing; if you don't think we are in a recession your head is in the sand and will be voting based on your belief that all is roses. Just glad I am in a good financial position.
    5
  17626. I would lkve to see a video on the best places to buy a single family home not ON the coast, but within maybe 5 to 10 miles from the coast that would cost less, but would still be near enough to enjoy the water at a more reasonable cost....and also be safer from storm surge. Thanks.
    5
  17627. Would love to see houses around Orlando, Tampa, and clear water that are at about 300,000-320 😊
    5
  17628. Can't get away from the noise.
    5
  17629. The new American way..."Live to Work".. What happened to the Days-- "Work to Live"!?
    5
  17630. The bank might just sell the properties to affordable housing programs. They might convert apartments to condos. My governor is pushing to change zoning
    5
  17631. Nothing like building an economy around this premise,....''Americans already have more cheap crap than they know what to do with,.... let's encourage them to buy more.
    5
  17632. Hey Michael, I'm gathering that you are involved in "rentals" ? Is that correct?
    5
  17633. I'm also hearing Interest rates will remain high throughout 2025. Opendoor typical corporate thieves, never had home owners best interest. Really surprised they haven't folded yet with all the problems they have had. Get everything in writing when dealing with movers or anything along those lines to protect yourself. Thank You Michael and Happy Sunday!
    5
  17634. Hi Michael, yes Texas has a lower cost of living and a lot more land too. People are leaving California in droves.
    5
  17635.  @MichaelBordenaro  I have visited the Santa Barbara area many times and never saw oil/tar, but it was usually in winter or spring. Then I went in a very hot September and had the bad experience. I told a local who told me that yes that was normal in the hot weather. It did not seem to bother her much. I guess she was used to it. But I hated it and also the beach and ocean had an oily smell. It pissed me off to be honest as my Golden Retriever got it all over his hairy feet too and they had the water turned off in the bathrooms due to the drought....what a nightmare, lol....It took us two hours to get cleaned up and we could not get back in the car with the oil all over us. Our skin was rubbed raw as well as the poor dog's feet Luckily I had some nail polish remover in the car which helped! Santa Barbara is beautiful and the scenery is amazing. Next time you visit there go up into the mountains behind to Cold Spring Tavern. Google it.....it is a fantastic place to go for a drink and a meal. Also Ojai, but in the summer it will sizzle!. I have really enjoyed my time in Southern California, but it is time to go.
    5
  17636. Hello from sunny illinois! Great job as always Michael.
    5
  17637. There are different kinds of vacations. Some are relaxing, slow paced, mindless, quiet, do a couple of highlights in the area and that usually involves staying in one place like on an island Aruba, Puerto Rico, etc...The biggest question becomes where or what should we have for dinner? ....Other vacations are like going to camp- always on the go, etc......I can only take about 5-6 days of an slow paced island vacation. ....Changing hotels every night is the hardest part of your trip bc it's unpacking, sleep, check out, on the road again, etc.....that is hard even if you are seeing sights along the way. With that many hotel changes, packing light is essential......
    5
  17638. I like walking with you on Google Maps/Satelite
    5
  17639. A person I know, just posted on FB, that he had to evacuate!
    5
  17640. I think comparing wages vs. housing costs is not the most meaningful analysis to be honest. Many people can buy a house in full cash with little to no income. Florida is no surprise here with so many retirees who make no income but have the means to make a purchase. Same can be said for California. Wages are far too low compared to housing there too but houses still sell like crazy at astronomical prices. Another good, stable example is Fairfield County, CT. Very high cost of housing far above wages but it's stable because of so much inherited wealth and millionaire and billionaires. Yet this county only has a 62% labor force participation rate! I know many ultra wealthy people there who don't work! I really think labor force participation rate needs to be considered in these analyses.
    5
  17641. If you’re traveling to Latin America or Mexico volares is the cheapest airline for tickets their prices are very reasonable and inexpensive also volaris has domestic flights in the USA too
    5
  17642. SVB will NOT be the only one to FAIL ❗️❗️ Keep learning as much as possible so you’ll be ready when TSHF❗️ Thank you Michael for sharing your thoughts and information here on YouTube. Glad to see your numbers growing. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  17643. I’ve noticed that the properties listed for an obnoxious price doesn’t show previous sales history in some cases. Remember, in 06’ realtors were saying the rices will never go down. Most went down by 50% because prices were so inflated. Cash buyers that bought in the last 24 months will lose the most. If you financed will nothing or 3% down, you’re screwed. A good hurricane is also going to send many packing and going back North.
    5
  17644. St Augustine is really nice I like it very much I also like Ponce Inlet which is just south of Daytona Beach it's a small place but it's very quaint it has nice restaurants and you're not that far from Daytona if you want to go to bike week or go to the races but yet you can go back to a quieter part of town but very beautiful check it out
    5
  17645. Your videos keep getting better Michael! Thanks for telling the truth about the Fed not selling off Mortgage Backed Securities like the promised. I was wondering why the housing market hadn’t crashed yet as they were raising interest rates! Now I know why!
    5
  17646. Exactly my dilemma right now. I work as a dental hygienist in Canada and would love to move to Naples Florida or surrounding area. I am waiting for borders to open and come to visit before I do my American dental hygiene board exam. To me the southern part of Florida has that specific Florida feel with scenery and vegetation, a lot of palm trees. I visited Miami and Key West and loved it. Michael whatever you decide to do, I wish you all the best 😊
    5
  17647. When developers have their eyes on a space, the safety code story will work and the gullible are sold from the first sentence. Brilliant😆
    5
  17648. PPP, EIDL, and the employee retention credits are all tools that the rich have used (fraudulently) to separate themselves even further from the working class.
    5
  17649. Research, Carl Schwab (great reset) - you won't own anything and you'll be happy - that's what he said!
    5
  17650. Thank you for the other state that I miss. Well, it is more humid in Florida.
    5
  17651. Always great info, Michael!
    5
  17652. Looking at prices in Florida for a house compared to California I was like holy shit that's dirt cheap! I saw where it increased from and was like I can't belive it used to be even lower! I'm considering Florida just because of lesser government restrictions.
    5
  17653. Ontario Canada, our whole province has dropped 20-27% already. Yes, that includes Toronto area too.
    5
  17654. I just got scammed on Amazon for buying a android tablet it took about one week to come but it’s just restart the date
    5
  17655. Upward mobility for me was remaining flexible, watching the RE market closely, and taking the risk to bust a move! I moved twice during Seller's markets - in 2019 and 2022. I was able to "move up" significantly because of the risks I took. I moved to new states, got new jobs, and stay focused on the end result. It paid off. Not everyone is willing to make those types of sacrifices......:)
    5
  17656. So the irony is insurance is supposed to lower stress/anxiety but in this case it does the opposite…It goes against logic so my belief is that it will eventually correct itself but that could take 3-5 years, impossible to tell.
    5
  17657. Love this! I can’t wait to move back to Florida. I love seeing different areas. You should stop in Hollywood and go to Le Tub and see if that famous burger still exists. I’ll be in Siesta Key in two weeks. Who doesn’t love a road trip?
    5
  17658. Thank you for this video. I was considering St Aug/Jax area coming from NJ.
    5
  17659. St augustine is beautiful and fun to visit, but we ended up choosing to live near the coast in Ponte Vedra Beach, if we moved away from the coast it would in Nocatee or julington area, st augustine proper just feels too busy with a lot of sketchy areas and people with most of the schools being bad. Great to live near but not in IMO.
    5
  17660. Mike, no ordinary people in Japan can afford a home in Japan.
    5
  17661. It is crazy how much plastic bags are wasted at places like Publix, Marshall’s, Ross etc I always bring my own bags!!
    5
  17662. If somebody actually was getting ready to close in Fort Myer but the bank wouldn't let them because of a pending hurricane and they complained or had any regrets whatsoever… They would need to have a lobotomy and have their brain ripped out and examined for defects because seriously, that's a sign from God they need to go look elsewhere for housing. And if they can't see that sign, good luck.
    5
  17663.  @MichaelBordenaro  gotcha. I'm gonna be moving there soon. And I've always had a fascination with palm trees. And your right, there definitely are not nearly as many as there are in south Florida.
    5
  17664. Great video, Michael! It would be interesting to talk about insurances in Miami. Your videos are really helpful. Thank youu for the information
    5
  17665. 25 years ? Whew, sounds like crime pays 😔 😟 🙁 😥
    5
  17666. I can vouch for Cricket wireless!!!! 125 for 5 lines. No issues at all, I have been with them over two years
    5
  17667. I hope you were not wearing a Joe Biden t-shirt. Lol
    5
  17668. I think Florida will bounce back much faster than you think. Yeah, you have problems with hurricanes and storm surges but California (as an example) has droughts and earth quakes. The developers must build (if they can) to withstand the hurricanes and lift the structures to compensate for storm surges. Engineers know how to do it. I had flood insurance but canceled because it doubled in cost. Since the house is free in clear, I decided to self insure which works well for me. Although Michael , I don’t know the market like you do, I expect Florida will turn out to be a rich man’s playground like Lake Tahoe, Nevada. (West Coast). I bet developers will come in, tear down the old condo buildings,then replace them with multi million dollar condos with ocean views. You guys have the weather, the water, Disneyland, and no state income tax. Yeah, the hurricanes are the drawbacks, you can build stronger structures, build stronger windows with storm shutters, etc. etc. yeah, it all costs money. Expect to see positive changes in 5+ years from now. Florida is still the place to live. Yes, you need to prepare for mayhem. There is more money than brains. Don’t expect much to happen with the economy until Biden is gone. His Presidency a complete failure! His Socialism policies will eventually burn up in flames. He knows it too and could care less about the average person. Don’t believe me, do an audit of Biden family.
    5
  17669. Great review. I can imagine during summer nights the towering clouds flashing lightning from a distance 🌩 . I love those views in Miami 😌 . More of these videos please.
    5
  17670. Michael, what do you think about the Senate commission probing into Citizen Insurance. Big problems with Citizens. Another great video, thank you Michael!
    5
  17671. I live in a 2 story condo in Florida. 10 yrs ago when I moved in, I went to several meetings, just to figure out who's who, and get a feel for things. I don't go to them anymore, and It's not that I don't care, but they're pretty boring. As long as we're in good financial shape and things look good, I'm ok. There's enough owner occupancy here with decent people, so I'm not stressed about it. Hopefully it stays this way.
    5
  17672. Getting creepy so we better pay attention.
    5
  17673. This has to be one of your best videos. Keep it up.
    5
  17674. Michael is dropping some major truth bombs. I could afford very little when my daughters were younger mostly due to my financially abusive ex. In three weeks I am taking my daughters (18 & 24 yo) to Ireland 🇮🇪!!! I think it’s safe to say that we’re going to remember this vacation/experience for a lifetime.❤ 🍀
    5
  17675. When you said your channel is “mostly real estate” that’s a good thing. There are so many other things in the economy that have direct/indirect effect’s on real estate and many people don’t think about or understand them. Most of the world economies right now are like a cruise ship full of passengers and preschoolers at the helm. There are cities with ever increasing crime, businesses closing due to violence, onerous government regulations, increase taxation, horrific energy costs due largely to the less than one percent of the population legislating how the rest should live, and the list goes on and on into absolute absurdity. Personally Michael, I think your prediction of a 20% decline in real estate values is conservative. In the US there is still another two years of the insane policies of a liberal left administration, and well, here in the UK the new PM isn’t even staying in office long enough to collect her first paycheck. My last trip out of the US revealed a harbinger of many things to come and none of them good for any economy. We are entering a minefield; we must tread carefully.
    5
  17676. Even the rich are not that dumb to keep buying in the flood zone ask Blackrock
    5
  17677. In the Lake Worth area right now they are asking like 600,000 for a nothing 3/2 with a carport. 3 years before the last crash, we bought a cool loft style house in Lake Worth with a pool and a guest house for $200,000. 3 years later we sold it for 270,000, then immediately after that the crash happened. It ended up selling a year later for $70,000 after the first buyers bailed. The worst part is that the nurse that bought it from us had his boss cosign on the house for him. We couldn't believe she was cosigning on a house but we weren't going to open our mouths. I don't even want to know what happened to them afterwards.
    5
  17678. That money is not dropping in his lap from the sky ! He works 16 hours a day ! Would you want to workout in a gym where your lifting of weight builds muscle of someone else? As you build more muscle the less your efforts benifits you !? This basic human behaviour most people fail to understand everytime ! In whos hand do you think that 400K is better off ? Govt who is gonna blow it away ? Or entrepreneur who are gonna turn that 400k into 9 million in 15 years !?
    5
  17679. Use the mean, median, and mode. Nobody wants to report that data. Mode would tell you most houses being sold are are around $1M+ which is skewing the median higher.
    5
  17680. Thanks again Michael for sharing another excellent review. Any plans on doing another live I really appreciated the last one. Best Regards to both of you.
    5
  17681. Haven't visited Miami in 11 years and was shocked at how much groceries in general costs back then? And I live in Las Vegas?
    5
  17682. Thank you Michael 😊If I had gas stove I would keep it 👍🏻All government control.
    5
  17683. Love Honeymoon Island and the Dunedin area!!! Good point about the Florida State Park Pass!!!
    5
  17684. +1M and a never ending construction next door. 🤣
    5
  17685. You heard it here first... place ya bets lol. 21:00
    5
  17686. Agree with you
    5
  17687. My hubby and I are from NYC! People are moving out of NY because if riots and crime after being the safest large city in America for 35 years! Our mayor is not from NYC and is a confirmed communist. He also has a fake name. It's hard to get a gun here to protect ourselves. We wanted to move to Hawaii. It's not hot like Florida, the weather is perfect! But it's becoming commie too the Governor shut down the economy until at least mid 2021 and we didn't want to consider Florida because all of our neighbors move to Florida. But it is in the lower 48 and if there is a disaster we wont be stuck on an isolated island in Florida. Florida is also not commie. Plus there are no ice storms or blizzards or snow maggedens in Florida. I just subscribed to you. I am going to watch the video you suggested!
    5
  17688. Didn’t make me move to Florida but definitely made me pull the lever! I’m on 74th and Harding if you ever wanna talk Florida, jam, or grab a drink! Thanks for all your vids!
    5
  17689. Stable weather cheap food no traffic less crime Rhode island
    5
  17690. What would be your idea of the perfect Florida Day??
    5
  17691. I'm not sure what everyone's thoughts are but I finally made an offer on a house and it got accepted! Got the tax and insurace quote and it was a mortage payment itself! I backed out.
    5
  17692. Jupiter Florida here! Great video!!! Thx
    5
  17693. Please talk about this and encourage activism : cap gain exclusions were set in 1997 at 250kpp /500k married. Need to be increased for inflation!
    5
  17694. Thanks for these videos. I’m moving from New Hampshire to Florida in May and found these to be extremely helpful in my search. Ended up with a 2 bed 2.5 bath in Melbourne for just over $1100. I will continue to keep watching your videos to continue learning about the state I will soon be relocating to. Thanks!
    5
  17695. I love your content more than real estate or Florida. You cover wide range of perspective of life.
    5
  17696. Thank you for your awesome video but I will stick with Florida ❤️🌞shine state
    5
  17697. Absolutely have the seller pay for the survey prior to close of escrow. I’m surprised the appraiser didn’t call it out on his report. Title report also has a plat map.
    5
  17698. Nice hair cut bro. You always have original content. Great video!
    5
  17699. The real value is coming!
    5
  17700. Great heartfelt video and as a parent it’s both tough and exciting to see your children grow up and start their next journey.
    5
  17701. Thanks for reviewing the Villages. I think I would like to stay at the first one during my next vacation to Florida.
    5
  17702. This was a great surprise guest appearance.
    5
  17703. 1st time LL often are unfamiliar with depreciation that comes with renting. Especially if your renovations are in premium "for sale" standard instead of rental standard. A nightmare tenant can ruin you property while not paying rent and eviction process could take months in certain areas assuming if government or the judge doesn't prevent you from doing so.(i.e exceptions in winter, school year, pregnancy, pandemic etc) etc.
    5
  17704. Thank goodness for Bidenomics !!! Now I have golden handcuffs 🎉
    5
  17705. I received a message from a recruiter for a job position with Citizen's and my first thought was no way I'm working for a FL insurance company, who knows when it will go insolvent and I'm left without a job.
    5
  17706. "Quid" (always singular) is the British equivalent slang for their Pound, like "buck" is for the U.S. dollar.
    5
  17707. Michael, it’s not new that developers offer 1-3 years guaranteed rent on existing property to enable you to qualify for a new mortgage. I know lots of people who did this in the past decade and now have multiple properties. But all these people are frugal so their discipline enables them to rebuild savings quickly in case things went south
    5
  17708. Thanks for telling the truth unlike every other person
    5
  17709. Definitely appreciate the efforts in the scenery! Beach was fantastic! Especially fore those of us who haven't been to FL in decades! Credit cards, OOF! I am unfortunately feeling that pain. I'm disabled and barely drive. What little driving I do is medically necessary. Rotors and new brake pads plus a jammed caliper.....had to put it on the card since i don't have that kinda liquidity in my life anymore. Super tough for those who have always done the right thing (no cc debt or debt PERIOD) to now have to fall victim to these rates and inflation of the services we need. Bah Humbug lol But I am GRATEFUL I have always been smart about money as it could be so much worse! I could have a house note and car payment! Oy Vey!
    5
  17710. Do HELOCs adjust up and down like ARMS? If so it seems they are flirting w/ disaster.
    5
  17711. California looks awesome. I just hope one day that state will solve all their problems very very soon. I'm surprised California let it get this bad for so long. They gotta make major changes. Especially with the cost of living.
    5
  17712. Hi Michael many thanks for the great video. All your points are so correct, I think the prices in 2023 are going to reduce by 40/50 %. New builds will just not sell and house builders will have big problems selling and will have to take a loss to survive. Renting is such a pain and although 7 out of 10 renters are good but the 3 that you have to evict can wipe all your profits. Plus the cost of repairs all prices are going up and unless you can do the work yourself it is not worth it.
    5
  17713. Michael Bordenaro I actually want to experience what it is like to be in a hurricane.
    5
  17714. Thanks! This was helpful! 😁😊
    5
  17715. This actually is making me re-think retiring to Southern FL lol... Just don't know if in retirement I want to be worrying about "The Big One".
    5
  17716. Thank you Michael 👍 Happy New Year !!
    5
  17717. Thank you, and you look like a fighter.
    5
  17718. Great video! Lots of valuble information!!
    5
  17719. You should look up the home alone comparison some news station did on prices from when that movie was made to now. Its was 250% increase, according to them.
    5
  17720. Saving for repairs on a 500k house is relative, the size of a 500k house in Arkansas, compared to a 500k shack in Southern California are different.
    5
  17721. So glad you decided on Florida over California to live. I know at the time FLA wasn't your first choice but based on whats going on, you are safe and prosperous where you are thank god 🙃🙂
    5
  17722. How’s the weather in Miami? Does it rain a lot I hear it rains weeks straight ? Is it windy and hot hot brezz, is it cloudy most days ? Does hurricanes and flood happen often often ?
    5
  17723. Michael, Always good to hear your recommendations. I agree new construction is the way to go as regulations on roof construction and foundations have improved hurricane survival.
    5
  17724. Virginia Beach is where it’s at!
    5
  17725. I am in your camp. Will wait for at least another year to see what happens
    5
  17726. Tourist Season bro.
    5
  17727. I was sooooo happy to get out of central Florida. It was always hot. No seasons. Just hot and hotter. The only thing I do miss is going to the beach anytime you wanted.
    5
  17728. Thanks Michael !
    5
  17729. Comment ....... I would love to know what these folks do for a living... that are buying these homes......?
    5
  17730. LEYKIS 101 !!!
    5
  17731. Hey Michael, Im Canadian. Wanna get hooked up and buy a 500 square foot apartment for only $4 million. It has a view of.......another building and....well the other building takes up the whole view. Then you can get a line of credit attached to the house and buy yourself a Mercedes, vacations, and basically live off of it. You wont even need a job in Canada. Word on the street is, house prices going up another 20% next year.... Hurry up and buy now!
    5
  17732. Great episode!
    5
  17733. That area seems really nice to me. I need to check it out soon.
    5
  17734. Interest rates will climb to over 7%....maybe higher to get home prices back into reality....a glut of homes on the market....huge drop in prices.
    5
  17735. I'm in Panhandle near Destin, last two homes built on my road sat empty for months. One is now an air b&b, the other has an owner with a centipede lawn the owner keeps dropping fertilizer on. Things have slowed on homes, but apartments are full steam ahead.
    5
  17736. I’m very much looking forward to some San Francisco vids!
    5
  17737. Dear Michael what's your take on renting to section 8 tenants?
    5
  17738. I would like to see realtors tune into Michael's channel and chime in about their market conditions so that the rest of the nation and the doubters will see the truth about the market conditions. I'm from St. Louis , MO. region . I see houses selling in a couple days while others sit for 2 months and the agents I talk to think that the rates are a little higher but there is still an inventory shortage. I tell them 2008 conditions are on the way and don't buy a big ticket items because you won't be selling homes like you have in the past 2 years .
    5
  17739. Dang I was hoping to see my name on there
    5
  17740. I LOVE this!!! Please keep doing what you are doing. I love seeing the ‘a day in the life’ in South Beach videos. It’s great to see the lifestyle and how things look there. HOT BODY too!!! ❤️
    5
  17741. About 15 to 20% of apartments condos and houses in San Francisco are vacant and there will soon be a new tax put on them and the funds will go to people in need of housing
    5
  17742. People have to understand If rent and real estate is so expensive you can't afford it you're going to have to move to a place where you can afford housing. These are just facts. It might mean leaving friends and family and finding a new job. And all of that is not easy but it is the only answer.
    5
  17743. how do you drive without insurance? I am in NY, and if you dont have insurance, the DMV cancels your car registration and voids your plates, so then any cop with a license reader catches you.....
    5
  17744. Great way to avoid all that noisy landscaping equipment — go to the beach!
    5
  17745. I'm going to guess you went to 5th ave in Naples? Yeah, its very quiet, I think North Naples is where they stay open later especially during the weekends.
    5
  17746. I own my house free and clear, I will drop my insurance most likely.
    5
  17747. I live in Hawaii. It has cooled a bit but prices aren’t dropping here at all. Only pricing that was too high priced has come back to reductions but prices are still up up up Some areas will never be hit as hard due to location. Inventory. Perceived value weighing all things
    5
  17748. Abolish the Federal Reserve and FIX the money.
    5
  17749. Would You Please Come To Petaluma City Not Far From San Rafael, Ross & Tiburon City. Petaluma City Is Unique Old Italian City Incorporated 178 Years Ago. So If Can ,Come To Petaluma City To Give Us Your Eloquent Analysis. Thanks Sir.
    5
  17750. Damn I’m the only Floridian thinking about moving to Illinois (Chicago) 😂 idk summers here are BRUTAL and last like 7 months, and most major cities are seeing the costs of living skyrocket as people keep moving here. This state is very quickly becoming a state for the wealthy
    5
  17751. Thanks Michael. I've been waiting for this video.. Ocala seems very nice.
    5
  17752. Could you also include some Canadian experts in the channel? It is a bigger bubble, but where is the end? So far I failed to find a Canadian real estate youtuber who can speak clearly of the situation.
    5
  17753. Winter Park is cool, and if you like small town, lakes and cheap, Sebring in the middle of the state
    5
  17754. Fiscal Drag = where your pay goes up but so does the tax
    5
  17755. so many places and beaches to do the pullups...
    5
  17756. Great video, what a lovely beach; perfect for a day out! Glad you keep doing these FL videos keep them coming buddy!
    5
  17757. We need YouTube shorts such as "Cooking with Michael Bordenaro". Kinda make our day a bit brighter lol
    5
  17758. I don’t feel sorry for people who are greedy Michael
    5
  17759. VERY POOR UNEMPLOYMENT SYSTEM IT ONLY PAYS $250 ON UNEMPLOYMENT NO MATTER HOW MUCH YOU NADE
    5
  17760. You talking about real estate in Florida is like Graham Stephan and Meet Kevin talking about real estate in California. It’s very informative and entertaining.
    5
  17761. No Key West, no Pensacola, and no Jacksonville? But at least you left off Panama City. Good choice there.
    5
  17762. I live in California. Property taxes can only increase 1% a year period. No more. So what you said is not true. Yes it does cost more to live here than a lot of places. But taxes are 1% of purchase price and can only increase 1% per year
    5
  17763. Reinventing yourself is great advice. A fresh outlook and nothing holding you back from being who you can really be ! New eyes ! And sunshine doesnt hurt !!! I DO know ,(because I did live in fla) ,that living there is different than living there. It is what you make of it tho. Make beach time. Make time to go to that favorite eatery !!! Thanks Mike !!!
    5
  17764. You seem to be a very decent human being Michael. Obviously your Mom and Dad raised you well and gave you great genes. Congratulations for the father God gave you; he seem to be a great man.
    5
  17765. I’m buying a farm 20 miles away from Orlando, Coming from California. Sold home for $745k.
    5
  17766. This looks nice. I'm a minimalist so this would be like a mansion to me.
    5
  17767. I think you have great points and I tend to agree with you on the housing market. People are paying more than what the value of the house actually is right now. It's supply and demand. If people start defaulting on their loans in large numbers, it will change the playing field and prices will drop. Unemployment filings were back up today. I wish only the best for everyone during these difficult times but I feel we are in a housing bubble. On another note- how about picking up that guitar sometime and treating us with a song! Love the new neon sign too! 100K subs are just around the corner for you!
    5
  17768. Hi Michael! Great to see you. Another very informative video. As you have said, everything is going to get much much worse! God help us. Bless you and please stay safe!
    5
  17769. But it was better than having another higher report.
    5
  17770. Even with price cuts, who can afford anything with inflation and nearly 8% interest rates?
    5
  17771. I am going to be a first time home buyer and this program sounds more than awesome.
    5
  17772. Thank you so very much for your posts. Most appreciated!!!!
    5
  17773. Although I’ve never lived in Florida, I have been visiting the state yearly since the 1980’s to visit my retired parents and many other relatives who live there. Florida has gotten way too overcrowded over the years. Homeowner’s insurance is very high due to the frequent hurricanes - during the hurricane season. The humidity is unbearable most of the year - it’s even worse in southern Florida. The state is very pretty, full of lakes and beaches, but it is flat without mountains - unlike the western states, that are full of mountains and beautiful deserts. Florida is nice to visit, but I much prefer the western states - like AZ, NV, CA, NM- with the mountains, deserts, and dry climate. By the way I do not live in Florida; I just visit there to see my relatives and friends.
    5
  17774. Great video Michael. Hope Lisi had a wonderful Birthday. Thank you for bringing the Keys to us..
    5
  17775. Thank you Michael...... 👍😎
    5
  17776. The fact that some people are pushing the “marry the house and date the rate” package is terrifying. Thank you, Michael, for your honest presentation and the work you do to educate the public!
    5
  17777. Excellent analysis of bubbles. As always, them that has -- gets.
    5
  17778. Mike, I spend the summers in WI and I have a 2015 Odyssey, and my liability insurance went from $400 to $600 for the year, and collusion and comprehensive also went up. I am now paying around $900 for the year. I only drive about 3,000 on this car while I am here and I haven't had a claim or ticket for over 20 years.
    5
  17779. 10% wow insane loll
    5
  17780. I live in Norway but i have been fascinated by Miami, naples, Tampa for years! I work with ventilation here in Norway without any education so i dont think i am financially ready to move to a place like that... i have 12k saved up but it looks like miami is a place that only millionaires really can enjoy... its looks to hard for "hard" for regular workers like myself
    5
  17781. Merry Christmas Michael hopefully the wife will get you some more new tank tops for Christmas she's got to make sure that your tank top game is strong😎😎😎😎
    5
  17782. Allah Akbar Michael! First a finger then a hand. I may not see eye to eye much with some laws in the middle east but I am on board with that as a punishment
    5
  17783. I think it's appropriate to mention that The Federal Reserve Banks are not a part of the federal government but created by Congress. The Fed is independent of the government. Also officials can't declare that the US is in a recession until data shows that there have been two consecutive quarters of negative growth in real GDP. It's also worth noticing that what is right for the individual - i.e. reduce spending, reduce debt, and increase savings - are all things that will contribute to deepening the coming recession ... A case of what's good for the goose is definitely not good for the gander ...
    5
  17784. The weather in South Florida now is perfection!
    5
  17785. Dude better be in awesome shape walks more than anyone I know
    5
  17786. The reason it’s so expensive is because it’s where people from Orlando go to get away. They go because there is no nightlife, no hustle and bustle. It’s a great place to go to get out of the city and it’s an hour away.
    5
  17787. Thatbuyer's remorse story's going to give me nightmares; yikes!!
    5
  17788. Corporate America has the privileges Michael says because they make the laws through sizeable campaign contributions that most people can't.
    5
  17789. No to EV’s for me…..
    5
  17790. It’s an affordability crisis pivot or not! People don’t have the money anymore or the low interest rates. Patience is key. Prices on homes will have to come way down if people are serious about selling. .
    5
  17791. Taxes are a self inflicted pain. Taxpayers can vote out these bureaucrats who waste money on e-bikes and crap. Plus give fat raises to workers.I can imagine the welfare give away in Dade Countty and Miami.
    5
  17792. Well, I haven't gone to McDonald's for years because, in my opinion, McDonald's food is just too darn expensive. :text-green-game-over:
    5
  17793. You said it yourself in the first couple of minutes of this video.... you have to have already figured out how to get a girlfriend, successfully date her, and then make her into your wife. I'm by no means hopeless in my goal of owning a home, but the "single guys need not apply" mentality pervasive everywhere, in every aspect of this culture, is truly troubling. Just because we don't choose to play women's games, doesn't make us unable to participate in life.
    5
  17794. Despite the tax advantages of owning real estate, I’d rather invest in dividend growth paying stocks. Less headaches and easy to sell with one click. Currently living off my passive dividends.
    5
  17795. Come in to the light...all is welcome...all is welcome...come into the light....you will find peace and serentitity.....in Florida.
    5
  17796. I remember the chip shortage. As long as we don't run out of salsa I'm good.
    5
  17797. Being in the beaches' places are always one of the best things a human can get ....,
    5
  17798. we need more evictions. people need to be held accountable for their bad decisions
    5
  17799. Great collaboration between the two of you! I sure learned a lot. Michael, you're almost at 100k subscribers, woohoo!!! 🥳🎉🏆:trophy-yellow-smiling::yt::face-red-heart-shape:
    5
  17800. Love your video man! I always want to move to Florida but it seems like I already miss the boat. Ok about renting, people would do that to get a tax loss.
    5
  17801. You leaving Illinois for Florida with only $2000 dollars. Man that took alot guts. Me I just need to come up with alot money just to be in the safe side.
    5
  17802. Back then he was only 20, like he mentioned in the video, he didn’t have much to lose.😉
    5
  17803. Dam dudes BONKERS colab!
    5
  17804. Ramsey is not always right. I agree with you. 💪👍
    5
  17805. Jobs are getting worse and the economy is well terrible so let’s see but it doesn’t look good for the market
    5
  17806. Great job sir.
    5
  17807. I have never had to pay last month's rent, and I have rented all over the Ubited States. If a place required me to pay last month's ths rent, I would be walking away.
    5
  17808. Because these prices are outrageous
    5
  17809. I’m not sure if Florida is better with the natural disasters and high cost of insurance. I live in Cali and absolutely hate it but not sure if I would want to move to Florida
    5
  17810. very curious about auction property. thx 4 great videos!
    5
  17811. I'm moving to Melbourne for college and I am so excited!
    5
  17812. I'm in east Broward. There is literally nothing for sale in my neighborhood. I don't see prices coming down. Glad I bought in 2014, I could not afford the house I live in now if I had to buy it today.
    5
  17813.  @MichaelBordenaro  I got that metro pcs lol
    5
  17814. Raised our family in Tampa and Anna Maria was always a favorite spot for long weekend getaways. And yes, no high rises, that’s what we liked about it. Also, IMHO, compared to Longboat which has a somewhat pretentious vibe (again, just my opinion), Anna Maria has a more “hip” vid. Little town off Bradenton Beach on the island is awesome - cool outdoor dinning, drinking a beer listening to a Jimmy Buffet wannabe kinda thing. Quiet, independently owned crepe place for breakfast, etc. And as Michael said, the trees - lots of native pine on the island which is cool mix with the palms - like a woodsy feel and the beach - look left, woods - look right, beach. Not to mention the all important shade during FL summers. Definitely a fan and wanted to take the time to post what I see as the difference of AMI compared to all the other gulf coast beaches. It’s a couple miles from Longboat but totally different vibe … into art galleries, fine dining, condos = Long Boat, Sarasota … into chill, eclectic, hip = AMI. I obviously have an opinion but try best to present this as depends on what you’re looking for :). And Michael - the public bath and restaurant is also the public parking for the beach so always crowded at that spot. Draws locals from miles around and for a day trip that’s where they/we go. Get away from the public parking and access and chills out a bit. But they do/used to at least have all you can eat pancake and sausage breakfast on the beach on the weekends - our kids always enjoyed that (here kids, fest on some pancakes - now go play in the water, don’t cramp up, harder to get away from the sharks then :) ).
    5
  17815. Last! Where’s my participation trophy?
    5
  17816. Michael, do you think it is ever a good idea to buy down points on a mortgage? I have had a HELOC, but I kept it only for an emergency. I only used it once when my a/c went out in August.
    5
  17817. I was wondering how the overall crime is in Florida, because I heard that some places are really bad, so which ones should people stay away from. Also what would you say are the overall safest areas in Florida to live in?
    5
  17818. Yep and I wish we could keep it that way.
    5
  17819. I feel like everyone’s magic number will be ~5% rates (including me). No one was excited when rates went from 7 to 6.5% because they’re anticipating 4-5% in 2025+. I bought in May for 7%. While I can afford the payment, I still cringe knowing how high it is. If could refinance at 4.5% I’d save almost 400/mo and happily jump on it
    5
  17820. This was really cute Michael. Mom seems to be a lovely lady.
    5
  17821. I like the trees in this neighborhood.
    5
  17822. I think what you are seeing is search results for hosts that offer a monthly discount. Some do and some don't. Search results also depend on your location sometimes. (I have been using Airbnb for long term stays and it's frustrating that some places offer monthly discounts and others don't)
    5
  17823. Meanwhile here in Westwood Lakes the Mackle and F&R shacks have passed the 600K mark! No signs of slowing down here yet. Remember these homes BRAND NEW were 7,500-15K. Now with rot, termites and generations of Cubanization it's higher than ever! These are dumpy homes on tiny lots.
    5
  17824. I will be moving to Florida☀️ What a beautiful state! I'm here in Michigan, DONT get me wrong, Michigan is also a beautiful state, but I need/want the heat😁 I was looking at homes in St Augustine❤
    5
  17825. Those insurance stories are crazy ... stay safe my friends
    5
  17826. The "Growth" means a big chunk of coal in your bank account. The same one Santa gives you for being a bad kid but now it's given at anytime for being an honest, hard working person.
    5
  17827. I swear we are kindred spirits lol. That feeling you described at the car detailing job is exactly what I fight with day in and out. Sometimes I make stupid mental errors on my job, simply because I'm imagining how much better my life will be down there. I remember the last day I spent on South Beach, walking the beach and feeling so grateful for the ocean air, the relaxed and happy vibes, the inspiring beauty...I can relate 100% why you felt moved to make this video. Looking forward to going in more detail on this in our call
    5
  17828. Correction... You don't have to wear a mask. Certain people choose to wear it. It's not a law!
    5
  17829. There are millions of unemployed people right now, and evictions and foreclosures are permitted again. Couple that with inflation, and that is a recipe for housing prices to cool.
    5
  17830. Yes or civil unrest. Don’t think that doesn’t happen in those places too. Been to Venezuela many times. The housing and cost of living “WAS” CHEAP. I’m so thankful I never invested there. Look at it now. I have extended family there. And people are hurting and the country, is a mess. (The people are awesome though). It’s the government. Socialism at it’s “finest”.
    5
  17831. Im from CA and have had to live in WI for almost 30 yrs and have had seasonal depression. Im looking forward to being able to go outside more than 6 mo of the year. I love the ocean but growing up in CA I hardly went, I was either a kid or was too broke to do any thing fun in CA unfortunately. I need the sun and water and love all the foliage and a lot of the architecture, restaurants and broader mindset. The midwest seems small minded and family oriented, so someone like me without a family I want to be busy staying active and social.
    5
  17832. 850... It's like a trophy, One I am proud of
    5
  17833. Here's the problem of us losing the gold standard in a nutshell: 2022 average wage ÷ early 1970s average wage: $27 ÷ $4 = 6.75 so in absolute dollars, we get 6.75 more dollars today than 50 years ago 2022 price of gold ÷ early 1970s price of gold: $1775 ÷ $35 = 50 so if someone was paid 8 ounces of gold 50 years ago for their work, they would only get 1 ounce of gold for the same work today. (50÷6.75 = approximately 8) We need to bring the gold standard back!
    5
  17834. 10:39 I can hear my grandmother racing her Ducati in the background. Sorry about that folks.
    5
  17835. Yay! Congratulations on your award. Keep up the good work.
    5
  17836. Definitely discover 🏦
    5
  17837. Glad you mentioned Dan @iallegedly. I found him a few months ago and watch him everyday. Also recommend Economic Ninja and Jeramiah Babe.
    5
  17838. I REALLY wish you would move to Rumble.... Youtube is a dying duck.
    5
  17839. 60k a year is awesome for South Florida.
    5
  17840. Im not sure if you already have but if not you should make a video about how the rising sea level problem is being dealt with. Im planning to move to florida in the next year and im scared to buy property especially since many say it will not be habitable in our lifetime. I love your videos man keep it up!
    5
  17841. I only have one kid but my daughter moved out when she was like 17 and I helped her I helped her pay her rent with three other roommates so it wasn't that expensive I just figured she wanted to spread her wings then she moved to another place and I helped her buy a little crappy mobile home and four years later she had to move in with me, she always had a job delivering pizzas whatever she could do and I actually wanted her back home because she was a couple hundred miles away but she contributed she paid rent and now she's working remotely in Tennessee making California money couldn't be more proud of her she's on her way she'll be 30 in a couple years
    5
  17842. I’m in my 50’s and doing ok for my socioeconomic status. I’ve not saved much for retirement, and that’s stressful. Otherwise, I’m not worried about paying the bills. I won’t go hungry or anything. Trying to save more for retirement is a challenge. So, I guess I’m okish.
    5
  17843. You always have the BEST thoughts and information. Thank you Michael for another great video today. Blessing’s, Carlos ✝️🙏❤️😊❗️
    5
  17844. It will be interesting to see the data from 1989 to 2007, that data you are showing shows nothing
    5
  17845. Hi nice video to see from buyer point of view, very useful, my question or my doubt is about the referral program, reading the Referral Program Terms/Restrictions, they let clear, we cant promote with blogs, web pages, profiles, websites, links or messages, banner ads; any bulk email distribution, submission or distribution to strangers, any keywords containing "Ebates" or "Rakuten" or do what you did in this video, so I have to be a youtuber or like they call it "ambassador" or influencer to do that? and next question based on restrictions, the referral program applies only on friends, family, coworkers, neighbors or persons we know? ty
    5
  17846. My young adult children live at home. They are paying off the few student loans they have. The all work and are saving money to buy their first homes. It’s a win win for all of us.
    5
  17847. Uncontrolled inflation can lead to currency collapse and ultimately to the fall of nations. The Fed is finally doing its job and defending the US dollar. We should be rejoicing. Those whining about the interest rates are doing so out of immediate personal concerns rather than from a long term perspective of what is least damaging in the long run.
    5
  17848. Never move into an HOA
    5
  17849. Sinkholes will exponentially increase with the severity of drought, we will start to hear about more homes being swallowed up due to excessive ground water being drilled.
    5
  17850. Believe me I really want to be wrong about what I posted since I would still love to relocate there myself. Just be careful Florida, upside so far is that I really like Governor DeSantis and others around the country are taking notice of him too in a good. way.
    5
  17851. Great tour like always... Would be super great if you do house touring around the pan handle area sometime. :)
    5
  17852. I know so many people who borrowed against their home and lost it.
    5
  17853. 9 months later i have this problem i even offered 1yrs rent upfront but this is in las vegas smdh, But i refuse to show my bank statements i think that is a little to much i have a 730 credit score and no debt, And just sold my home in cali for 380k all profit i refuse to buy in this inflated market....
    5
  17854. The best thing I did was to read The Richest man of Babylon Rich Dad Poor Dad The Millionaire Next Door Think and Grow Rich The intelligent Investor These books should be mandatory to read in high school to avoid the disaster of society we have now. Thank God I was blessed with this knowledge. Financial education is the key to success. Michael Thank You for your content Great job
    5
  17855. Your a smart dude. Thanks for your content....I love it❤
    5
  17856. Almost first comment !! Your videos give me a lot of reliable information about Florida, where I going to move soon!! Thank you.
    5
  17857. Those boats really haul 🍑 when played 2X speed 😂
    5
  17858.  @Ken-vl4wk  🤣🤣🤣
    5
  17859. Loved the 🐿
    5
  17860. Do you know what the HOA is in the Villages?
    5
  17861. By definition, a government's job is to govern, i.e. referee the game to make sure its fair. It is NOT fair for someone earning $180,000 a year or more somewhere else to compete with locals that only make $55k a year. Solution: tax NON-local renters / buyers then use that tax revenue to offset the cost for those who earn local salary. That way, landlords STILL make more money YET locals could STILL afford a home. No need to use Socialist solutions such as rent control, government housing, etc. Problem solved!
    5
  17862. I wouldn't pay $25,000 for the Taj Mahal if I were Elon Musk.
    5
  17863. The humidity is going to be a little different for me, but not the heat. Here in Arizona, it reached 118 degrees where I am and supposedly even surpassed 120 this past month! I understand the warm breeze... We go on walks and the breeze feels like someone is aiming a hair dryer at you.🤣 Thank you for sharing!
    5
  17864. Dude, the pedals in the background haven’t moved in a while. We need to hear a quick lead intro for the next video. Can’t be sporting a Mesa halfstack for just background.
    5
  17865. I lived on the Galt Ocean on FT Lauderdale Beach. 2/2 28th floor penthouse for $1,000 mnth. My friend purchased a highrise condo in Adventure when it was new. He couldn't give the place away. Had to rent for less than his monthly mortgage. DON'T THINK CAN'T HAPPEN AGAIN FOLKS...😮
    5
  17866. Michael, as someone keen on moving to / buying a property in Florida one day, do you think the impact of climate change is something to seriously consider? Has flooding etc been an increasing issue there? Is anyone there beginning to worry about it? 🤔
    5
  17867. I don’t feel sorry for them. I don’t care what you buying or selling, market dynamics always apply. Supply and demand fluctuates
    5
  17868. Personality over AI any day Michael. Human 100%
    5
  17869. The mortgage interest rate decreases are temporary in the past recessions they have lowered a small fraction only to increase significantly months later. Many economists are stating mortgage interest rates could reach 8 or 9 percent in 2023. What are your thoughts?
    5
  17870. The AMERICAN dream is opportunity...at least for us.
    5
  17871. Very straight forward and honest. All good points!
    5
  17872. ⭐⭐⭐⭐⭐I understand & feel everything Travis is saying. I call it "standing in the driveway crying your eyes out".😞 Listen to what they're putting down, again avoid the "driveway drama". Thanks for Treasury info. I'm definitely going check out. Thanks!😊
    5
  17873. Our company in Ohio had tax massive tax issues because they collect taxes from people working in their city. When many employees took off to Florida and other places, the city could no longer tax them and they lost money. So the problem is not only that employees support local businesses when they come to the office but that the city and state can’t collect taxes on them.
    5
  17874. There’s a rumor going around that Blackrock isn’t doing so good. If true, and if they go bust, I predict the housing crash will be absolutely legendary with inventory skyrocketing.
    5
  17875. Hey Michael, love your videos! Very informative stuff. Just on real estate, do you think that the rise and fall of housing prices are cyclical? In that every X amount of years housing prices are driven up to an astronomical point due to demand outstripping supply and intrinsic value does not reflect the actual price etc? I'm a young professional and looking to eventually buy my 1st home in Florida (Orlando most likely) but feel I should wait as I feel we might be at the end of another cycle of housing prices being over indexed.
    5
  17876. WHEW! Ok I am LOVEN’ the thumbnail👍🏼YAY!
    5
  17877. I don't see how prices going up either
    5
  17878. Love this video! I have relatives in Rockton, IL. Beautiful!
    5
  17879. 10 Tips to buying a home in a sizzling real estate market: No. 1 keep renting!
    5
  17880. Your commentary is excellent! I really enjoy your commonsense approach. Great video.
    5
  17881. Anyone out there that is retired/on a fixed income/has a low income is completely screwed in todays world. For people to maintain the same lifestyle they had even a few years ago need to earn far more money than ever before and continue to earn more every year to keep up with inflation. I am about 15 years away from retirement and until recently was fine keeping my business the same size and cruising for the next decade or so. Now I am laying off staff that cannot pull their weight, trimming all of the fat and expanding my business to 3x times its current size so I can earn enough money to still retire in comfort.
    5
  17882. Good pt of the mtg difference between the two periods. The low rate is a bull trap. Value is created by the price u paid for the home. That value can decline if housing prices decline...your equity declines. The other assumption that prices always increase over time will be severely challenge this time. We just went thru a unicorn event...strong economy, fed buying mbs n low mtg rates (covid.) people who bought during covid r toast. Also, Most people don't think rates will stay high...another assumption that could be wrong. What happens if mtg rates stay 5-9% during economic strength .. wages r increasing but the real purchasing power is declining... Meaning u r poorer n can't afford higher home prices. Many people don't understand there were periods when bubble prices were not exceeded... Japan ... NYC took 40yrs to regain price during it's bubble in1920s...the only way out -- govt introduces 40-50 yr mtgs like in Japan super size the bubble. Plus, institutional play or housing as a investment play is NOT the same in a flat rate or rising rate environment... That model worked when rates declined but doesn't play at all when u get CDs 5yr paying 5%. Or treasuries. All u r doing is working for the bank. Imo there is a going to be a glut of rentals... Record multi family new construction units r being built. 50yr high builds. Plus the ABNB debacle which will switch to long term rentals or sold on foreclosures.
    5
  17883. I totally agree with you and Mark Twain. 😃
    5
  17884. For the algorithm thank you
    5
  17885. BYE KAREN
    5
  17886. In my area. California. Prices are still sort of high. BUT, definitely been staying on market for a long time now. I do know that when something bad happens to the economy. Like the FED hiking rates. We dont "feel it" until like 2-6 months later
    5
  17887. Woodstoves are hot sellers. Place I got it from was busier than they ever were. Electric goes up to run a gas furnace so really high in winter. I switched to wood. Get it all in spring so winter bills aren't any higher. Solar farms are idiotic in the north too. Not enough sun. Dingbat governor thinks everything will be electric by 2040. I got 16 years to pick out a nice tent.😂
    5
  17888. I dig the random rain substitute videos
    5
  17889. The key is paying off all your credit card debt and your mortgage or most of it before retirement. Having no debt can mean getting by just fine on a modest retirement income.
    5
  17890. Very interesting. Thanks for the video.
    5
  17891. While things like this building collapse is tragic we must continue to live our lives and manage our fears. Never stop getting after it.
    5
  17892. Michael you should do a poll of if people would sell their home right now since you did that poll asking if people would buy right now
    5
  17893. The prices of these houses will still remain high as the banks won't budge on debt owed .it may take up to another year or two to see the changes .
    5
  17894. Can you do a tour of Hollywood beach board walk and hotels. I’m planning to visit soon! Also what’s for sale on Hollywood Beach by the beach. Please! Thanks! 👍
    5
  17895. So they're coming after the individual realtors that sold the houses and got commission?
    5
  17896. Great video! Lots of good information about buying in Florida!
    5
  17897. Paying off a home early is always the best play. Can’t get better than a debt free life! Then you have more funds to throw into investments when you don’t have a house payment hanging over you.
    5
  17898. That’s not always what the math says, but I agree with the idea of being free of the stress of owing money.
    5
  17899. I just got a Corolla se 2024 4.5 %
    5
  17900. The water in Florida is hands down much prettier and more enjoyable to swim in. The coastline with all the cliffs and mountains in California are prettier. Southern California has the best weather. I grew up in ft Lauderdale but have lived in so Cal all my adult life. I still go visit Florida every year. It is truly a beautiful place
    5
  17901. We like you! We don't care where you are.
    5
  17902. Always good to see your video. Thank you!
    5
  17903. Tnx Mike... I appreciate your content bro... 😎 Everyday when i wake i think NO MORE F#&^@N WINTER..!! Enough Already.....!!! Ahrrrrrrr.. lol... Your channel and contents are well above average. Stay the course bro... Its gonna blow up eventually and you will make a shitload of passive income.
    5
  17904. Great job Michael! U are approaching 50k subscribers. I started following u when u had like 17k subs
    5
  17905. When you pop up instantly inside I laugh and think "the the weather mad at Mike" 😅
    5
  17906. Evening Mike. My credit score is 849. It is almost impossible to take on good debt right now.
    5
  17907. my buddy is a new broker and constantly spouting off it is a good time to buy lol. He cant seem to open his eyes even seeing first hand people buying houses by emptying their bank account with little to no money down. The people he has put in will likey be foreclosed on. Sadly people think its always good to buy a house and this is not always the case especially now.
    5
  17908. I paid $33,000 for a house in 1990 Providence Rhode island
    5
  17909. Quiet...my kinda place, but it looks like a ghost town. I'll pass. Great shots of the town though, nice video. 👍
    5
  17910.  @MichaelBordenaro  I know! I hate that. Happened to us when we went to Dunedin. Things opened up at all kind of different times.
    5
  17911. Ironically it was the opposite for me... I left a really dead part of north florida to chase a life in Chicago. 3 years later, half of my family now lives in Miami and I’m starting to get excited about the idea of living in South Beach and settling down near them. Life takes a lot of twists and turns, but I’ll never regret the leap I took of moving 1300 miles away from home. Best thing I ever did.
    5
  17912. Keep researching. According to either Zillow or Redfin, there's confirmation, at least in Florida, for an explanation to the vacant homes. Big time investors, such as Black Rock, I believe, are owning more than 1 million homes that are unlisted, the highest unoccupied rate of homes in the country. Most of them are in Florida. These investors are not listing these homes for sale, so many are wondering why, especially prior to the covid market jump.
    5
  17913. Known for its unhurried, laid-back lifestyle and plenty of Old Florida charm, Port Charlotte has been recognized as a top place to retire in the U.S., based on features like a low cost of living, Florida's retiree-friendly tax code, quality health care, desirable amenities, and a vast network of canals and waterways
    5
  17914.  @MichaelBordenaro if you have a moment please do. The forgotten coast/ big bend region is full of hidden surprises.
    5
  17915. We bought foreclosure and just know that there were zero guarantees except the title, ironically. Zero! So yeah, that scared off many buyers but we jumped on it and it worked out well. Plumbing, electric, septic were all fine! House had been stripped except the copper, fortunately. Zero interior doors, zero light fixtures, zero heating, no toilets.....No kitchen cabinets either. Problems create opportunity. Paid all cash and we're loving the place. No, it's not on the beach!
    5
  17916. A fee for this and a fee for that !
    5
  17917. John saved $500 a month for 7 years that's $42,000 he saved so he walks away free & clear, does not lose money when he sells.
    5
  17918. Thats a good one. A house is a liability. If someone is putting a relative in a nursing home. And they ask about the home being an asset. All a person has to say is no no no it's a liability. Ok got it.
    5
  17919. Uncle Biden told me to buy what he’s smoking and I will see everything clearly.
    5
  17920. #1 Family: I find it kind of odd, but increasingly common, to meet and work with 40 - 50 year olds that were born and raised in FL, and still living in the FL town they grew up in. #2 Heat: Yes. I've been in FL 31 years from the northeast and I'm trying to figure out a way to spend summers back up north when I retire in a few years. #3 Beach lifestyle: I've lived on or w/i 3 miles of the beach for most of my 31 years on FL. I find it's often too hot to enjoy the beach in the summer. and sometimes top much of a hassle if you have to drive and park.
    5
  17921. When you buy a house or property the government wants to know where the money is coming from when a foreigner Buys property He just buys it no questions asked
    5
  17922. The cost to move a trailer is $10k plus to move the old one out and anther $10k to move the new one on the lot…..
    5
  17923. This is really my biggest concern. I'm planning on a move to St. Pete this fall and I have such a great friend group but am so over MN winters and need some new in my life. I tell myself that I can always return but don't want to regret not trying!
    5
  17924. This was a lovely video… this area looks like a beautiful place to live; l like the quiet, less traffic, less crazy life… the blue sky was so calming… l hope you find the perfect place to settle if you leave Miami….🙂
    5
  17925. Hey Michael, I’ll give you my perspective as a native Houstonian, Redfin has it wrong in our city. People are throwing random numbers up and thinking they can get it. I’ll look at the cost in 2020 and compare it to today and they have prices up ~50% (sometimes more) which is completely abnormal. I will say that, yes, it’s lower than a lot of other places but the local incomes do not support the prices.
    5
  17926. unfavorability will not bring it down because 5% have 95% of the money the difference is no one will own and every one will rent. THE RICH CORP AND INDIVIDUALS WILL BUY IT ALL UP.
    5
  17927. Please inform us of how many realtors have left the section since the start of the year.
    5
  17928. LOOKS LIKE OUR GREAT GOVERNOR OF FLORIDA IS BACK!!!!!
    5
  17929. Here in NC and real estate is costly. There are more buyers than sellers. Once you find a home, it is up for contingency or pending within hours of posting. Fort Bragg area is hard to buy since army rotations creates high demand.
    5
  17930. Same here 🎉🎉🎉🎉🎉
    5
  17931. Such an awesome life that you get to travel and do what you want!
    5
  17932. Hey congratulations on your achievement and happy birthday!. You're probably celebrating today by spending it in Saint Augustine!. I remember when I've first went to Florida. It was Orlando and that was a visit with the theme parks. It was wonderful. after that, I went to Tampa and Saint Petersburg to explore the areas, the restaurants, the environments, it was speechless. I've even saved some of the restaurants that I went to because I like the food and have in mind to go to the places again. exploring the neighborhoods and seeing how peaceful and beautiful they are, I can definitely vision myself living there. No second thoughts about it.
    5
  17933. Thanks for the video Michael! I'm in Sacramento, CA looking to sell my home and probably move to South Florida area (Boynton Beach, Boca Raton & West Palm Beach) for example. You said you give (at a cost) selling/moving advice via e-mail. Can you drop me a link or email address so I can get help from a pro. Thanks!
    5
  17934. Hey michael, its sad about the story of the $15,000 deposit loss and then developer sold for extra $90,000. If the purchasers had the knowledge and a good agent they could have done a contemporaneous settlement. This is a double settlement occurring on the same day. And they could have taken the profit. Seek legal advice though.
    5
  17935. A variety of all types of videos is great addition to your channel. Also, a mixture of all formats is enjoyable & informative to watch!!!
    5
  17936. Love it - great video!! 👍👍👍👍❤️❤️❤️❤️❤️❤️👍👍👍👍👍👍❤️❤️❤️🌷🌷🌷🌷❤️❤️❤️❤️❤️❤️
    5
  17937. Not sure if this will make you feel better or not about prices, but one of the last Lots to sell in Santa Cruz facing the ocean just sold for 2 mil, no home just a lot and not acreage either. I'm from Santa Cruz, CA. So, these ocean area homes still seem like a value.
    5
  17938. We are one of those couples (moving from IL to FL next spring) in a good position to buy but we were set on renting in Sarasota for the first year. However, if the rental market continues to climb we may reconsider. Hopefully the market corrects just enough to bring home prices down a bit and we can find a decent deal on a home and we’ll refi when/if interest rates come down. BTW here in IL in the NW suburbs the home next door (3k sq ft) went from renting for $2800 to $3800, absolutely insane increase but he got it!
    5
  17939. Couldn’t you pay cash for a visa gift card and use that to buy stuff online?
    5
  17940. Now is the time when you have to save more for your down payment, live as far below your meens as you can. Pay off 100% of your credit cards every month, pay of you car loan (or sell it for one you can afford) pay off your student loans (because only a idiot believes Biden is going to do it for you), pay everything online to get your credit score up above 800. You can do it and you can get a starter house (not your dream house) after you put in the work. Boomers aren't selling, they want to get max ROI until they are forced to sell.
    5
  17941. This place has potential ❤️
    5
  17942. Michael eating at home like an American. Michael eating out at a restaurant like a European! :-)
    5
  17943. I stopped reading articles. I'm getting news from some trusted youtubers like you, Micheal. There are articles more like fiction, which enforces your beilef and narrative either for left or right. But no article gives the correct information on anything close to it these days
    5
  17944. Those homes that you were walking around the big mansions with extremely high price tags may be owned by the same people that have created this big mess in real estate stocks bonds crypto😂😂😂😂😂😂😂
    5
  17945. Currently living in Washington State, planning on moving to Florida! Wish me and my family luck!
    5
  17946. Another personal real estate story. My Mom bought a house in West Palm Beach in 2002. She was the 8th owner and the house was 6 years old. She paid $220,000 for an Oakmont model. She sold it for $417,000 in 2005.
    5
  17947. I know every body likes the gloom and doom videos but the reality is Florida is a very popular place for people to move to. No its not as cheap as it was but its never going back to that. Its the new California its going to keep getting more more expensive to live here that's just the way it is people love great weather and the water...
    5
  17948. I love Graham too !!!!! Watching for years.
    5
  17949. Palm Coast was my go-to area when I was looking for affordable housing, it def has it's drawbacks but those prices and taxes can't be beat.
    5
  17950. what if Illinois didn’t get cold during winter, would you still live there?
    5
  17951. Such VALUABLE truth!!! Thank you, Michael, for what you do!!!
    5
  17952. Beautiful house... great tour Michael .. appreciate it 👍
    5
  17953. Banks are buying money, hence why CDs are 5% and savings are 4.45%, and will only continue to climb.
    5
  17954. Love the accuracy of this video. When I was younger I always wanted to live on the east coast because it seemed more thrilling, now that I'm 30 I love how calm and chill the west coast is. Idk if I could deal with the east coast and big city traffic. Even tho in the last couple of years more people have been moving here to the west coast and traffic is getting heavier.
    5
  17955. Everyone I know my age bought or built in the 2016-19 era and I just missed out. It's amazing to think what a certain price would get you 3 summers ago vs now. Very sad. I too have noticed houses are not selling as quickly as they were but the prices do not seem to be moving other than for the very expensive houses. Everything is still very expensive along with the higher rates. I do not know if I will ever be able to find what I'm looking for, but not interested in buying what little the prices afford now, and on top of it a shaky economy.
    5
  17956. Thanks! Mike I had to tip on my 3rd comment but your right in 2005, my mother and I moved from Hollywood to Pt. Saint Lucie, and way back than St.Lucie were the fastest growing city per-capita so the storms don't hurt much as far as buying and selling real-estate goes.
    5
  17957. I’m not even moving far, i’m just moving from the burbs to the cbd of KC, and I am nervous to live alone. I have been making saved pin ideas to keep myself busy once I get there so I don’t feel so lonely.
    5
  17958. At first, I thought I recognized the area you sailed out of as Sausalito. But then - I connected the boat labeled, 'SFYC,' with the San Francisco Yacht Club out of Tiburon and sure enough, the shoreline matched up correctly! What a cool view as you floated by Alcatraz. This video helps show what a big place the world is, and how history is all around us. Inspiring video - keep 'em coming!
    5
  17959. 1st yayy!
    5
  17960. Love your videos Michael
    5
  17961. I am looking for an apartment with my partner. He has started work but mine starts in December (I have an offer to prove this) but I also have about 50k savings. Our salaries combined represent more than 3 times the rent and the companies we work/will work for are 2 of the largest most reputable in our industry. However, we have been rejected so far when we have put an offer for a flat. Do you have any idea why that happened? My best guess is we have just finished uni and are probably competing with people who have worked for years and built a credit history.
    5
  17962. Great video, thank you! Is there a townhouses in Florida? Everybody talks about homes and condos. Thank you
    5
  17963. Which part of IL were you from? I'm from IL and looking into different states to move to. IL does suck to live in.
    5
  17964. Michael, what you said makes perfect sense. You're talking like a graduate school economist rather than a local realtor. However, a good realtor, like you, should be well aware of the market trends. Anyway, I have another question: At what location were you speaking? I ask only because I would prefer the walk, not the talk (lol), on the beach daily as a retiree. Then I would enjoy going to a professional gym in the afternoon. Now I can't afford Bal Harbor, but I could afford a condo similar to yours. I live in a house SW Florida. It's less expensive than Miami, but I don't have the beach access like you. I personally believe  a condo is a much better fit for me. Just curious about your residential location. Thanks, and keep up the good work.
    5
  17965. Flipping games,... who's behind this market? I'm leaning towards Blackrock as the manipulation leader followed by greedy flippers . SMH
    5
  17966. The credit cards with no balance & no activity, the merchant can close the card, but they usually notify you in advance.
    5
  17967. The sad thing is "some" people are still paying the high prices. If you go to zillow and change it from for sale to sold you will see a lot of recent sales way over priced. I do also see the opposite however with houses sitting so who knows.
    5
  17968. Everything closes early around here......Shocking!
    5
  17969. Printing more fiat currency is inflationary? Does President Biden know? Ha ha! Good laugh.
    5
  17970. Don’t worry about Cali lol it’s doing fine regardless.
    5
  17971. We stayed in our first home for 17yrs. Depends on the home buyers plan and goals.
    5
  17972.  @MichaelBordenaro  I respect that you are just giving your opinion, but after much discussion—my wife and I intuitively agree with you and are now mainly considering low-rise condos. The collapse has really changed our thoughts on condos. Thank you for all that you are doing.
    5
  17973. 12:39 I just want to watch how the owner of that Chevy Silverado parks that truck into that space with all those overhanging branches. LOL
    5
  17974. Thank you so much for this video!!
    5
  17975. What a great mom you have! I know how time can slip away from us. I spent so many years in different places, but it's part of life and growing and learning. The important thing is you are there visiting now. I can see that you are making the best of your time with them. Nice job!
    5
  17976. Thanks for the video
    5
  17977. Students pay $50
    5
  17978. Please let us know if the private businesses and hotels will abide by Gov DeSantis' ban on vaccine passports. I was considering moving to Florida based on the passport ban, but it would not be worth it if most of the private venues still demand them. Thanks for all you do!
    5
  17979. Wondering if banks have some type of insurance to protect themselves from vacancies on commercial property
    5
  17980. Great info Michael. Telling it like it is and helping so many of us get a better handle on what to do to prepare for the future. I really appreciate your hard work.
    5
  17981. The housing crash will never happen anytime soon 'Cause they are tied to the pension plans! If they crah, the pensions are bankrupt hence why they do not want to let it crash!
    5
  17982. America will NEVER have a recession because the USA government can always change the definition.....very simple way to keep the economy strong...
    5
  17983. Dear Michael, I really appreciate your videos. You are amazing. If I want to buy a property in Florida, Does the real agent has the obligation to disclose the sinkhole and flood situations about the house? or are those items not in discussion? Thanks for the clarification.
    5
  17984. No I didn't know about sink holes, I'm am so glad you told us in this video & where they mostly are, I still would like to move there . thank you
    5
  17985. Hi Michael. Native Floridian/Miamian here. Your Florida discoveries made me smile! Besides two time zones, we are the lightening capital of the US and have one of the longest coastlines in the US. Alaska is #1. We may be #2 or #3 or #4. I think Michigan or California could be ahead of us in terms of area. In the future you might want to check out Micanopy for its North Central Florida charm and famous Spanish oaks. Chokoloskee near Naples is a crab and fishing town in the Ten Thousand Islands. Apalachee Bay is famous for its oysters and beach life on Cedar Key. Cassadega in Volusia County is a town populated by Spiritualists and other certified mediums who practice seances. The area has B&B’s and a charming rural Florida architecture. I went to Lake Okeechobee for the first time last year and was impressed when I learned that it provides much of Southern Florida with its fresh water. I think Florida has the nation’s third largest cattle industry around that area. Who knew? Great videos as always! I know you love the beaches, but it would be great if you could comment on Osceola, Orange, and Seminole counties in Central Florida😁
    5
  17986. Sometimes a building reaches a point where it's like an old car that's just not worth fixing any more. Between that and the "business models" of condos drastically changing, aging, decaying highrise condos are the financial death traps of the future. And no improvement in the "user experience" after all that fix-up money. My condo got such an offer but the opposition turned it into an uproar and the developer eventually walked off after two attempts at a bulk purchase. Now lots of people are selling individually as reality rears its ugly head, after claiming my financial projections were pro-sale propaganda. Even the holdouts will eventually realize they ended up with a huge missed opportunity.
    5
  17987. Oh yes, North Beach is where I would be! Forget living near South Beach.
    5
  17988. Hey, Michael. Do you suggest buying some land and putting up a manufactured home? I've been seeing lots of land plots in the Tampa and Orlando area
    5
  17989. Glad you are ok!! Thought of you when I heard about this, this morning.
    5
  17990. There's an argument to be made that we've been in a Depression since 2008. Emil Kalinowski calls it the "Silent Depression".
    5
  17991. The only insurance I have is the minimum to drive my vehicles. It went up 250 since last year. Insurance costs more then my truck is worth.
    5
  17992. don't underestimate the CA housing market especially a beach front... a friend of a friend just closed a beach front condo near Redondo for an upwards cost near <10 million.
    5
  17993. People will continue to buy until rares go sky high - Thanks Michael
    5
  17994. The “Experts” are clearly not Experts… We have a long way to go before the real estate market bottoms out.. Inflation is way too high and the Fed will raise the rates 2-3 more times..
    5
  17995. Space Coast has NASA and Space X for economy but I have no idea how people from Palm Beach to Vero beach make their money on the treasure coast. Jacksonville to Daytona have pretty obvious economies but that section between Daytona and Space Coast I also don’t know how they make money. There’s no major colleges or industries so I’m guessing they commute to Orlando to work?
    5
  17996. Nothing is free; ok maybe that's A stretch Air and Sunshine. Beautiful day today.
    5
  17997. The west would pay for water that's brought in a great lakes pipeline..A pipeline from Lake Superior to the Green River in Wyoming which flows into the Colorado river would be easy, just across the great plains states.
    5
  17998. wonder if it was a sink hole under the property?
    5
  17999. I remember months ago I would see on cnbc, YouTube and on other social media , so called experts would say that it was impossible for home prices to go down because there was no inventory and that it would take 5 years for inventory to catch up…. Buy Buy Buy they kept telling ppl lol
    5
  18000. Thank you for the definition of loan modification.
    5
  18001. We love your videos , thank you 🙏
    5
  18002. Your videos are always interesting. For me, I could never live someplace that is not walkable. I'd go nuts in a place like this.
    5
  18003. The property managers in my building is also First Residential. I see so much that needs to be repaired and replaced. If they’re not taking care of the simple little things, I don’t trust them to take care of the big unseen stuff. Our board also refuses to or avoids answering questions.
    5
  18004. Adding my vote, You would have to be crazy to buy a home now.
    5
  18005. I was told at an early age the sunshine can be expensive.
    5
  18006. The collapse of a 40 years old concrete building raises a lot questions, no to mention the life impact on people. Big problem with no easy solution.
    5
  18007. Thanks for another great video. I love the variety of useful topics you touch on.
    5
  18008. Good style
    5
  18009. You gotta go to Gainesville and checkout “Devils Millhopper” and “ Devils Den”. I swam at these places in the mid 80’s when I was going to college there and there was nothing but woods and nature. It’s mind blowing how popular it’s gotten. You won’t be disappointed. I wouldn’t steer you wrong. Enjoy the trip.
    5
  18010. I've always wanted to live in high-rise but not now God rest their souls
    5
  18011. Hi Michael and your lady. Please stay safe! Thank you for your videos. 😊 As always, top notch and exceptional work.
    5
  18012. LOL Set’em straight, Michael! 🤣🤣🤣
    5
  18013. I would just like to say I love your videos! I watched your Florida vs California video awhile back and I just couldn’t stop watching your videos. You are so close to 10k, keep up the good work!
    5
  18014. Great video! Lots of valuable information!
    5
  18015. Michael Bordenaro yeah I mean I’m torn but the truth that’s pulling me back is my daughter who is 20 just missing her I’m out here with just my son and it gets very lonely especially with Covid I haven’t been able to really get out like I thought I would or have her visit as much that’s really the reason is my heart is torn between my family but thank you so much for sharing your videos and your story it’s very appreciated I’m binge watching your videos now
    5
  18016. What's really discouraging is that I can save up $30k per year while renting, which is a lot compared to most people. The problem is that a modest house that I would like to live in increases in price by $30k per year.
    5
  18017. That's my fantasy home piece and quite no dog's barking!! That's why i need a big crash.
    5
  18018. Thank you for your videos ,all your help Florida you can’t buy a house fast enough they are going on the market and selling in one day all of them are coming from ny conn and New Jersey
    5
  18019. The collapse had very little to do with the location except possibly the salty sea air. That applies to 24 of the 50 states plus all US territories. Focusing on Florida only is myopic.
    5
  18020. I wish we had a governor like Ron DeSantis in California it would a dream to live here , I’m my dreams🇺🇸🇺🇸🇺🇸
    5
  18021. Keep up the good work. How are your local Banks doing
    5
  18022. I bought my first property for $46,000, an old 2 flat in Wisconsin. Mortgage was $427, after many nights and weekend work, rented the upstairs for $425, so I guess it was still a liability certainly if I figured my time into the equation. A lot of people value their time at zero when doing part time real estate investing and that's a mistake.
    5
  18023. Lets add Mortgage fees, closing costs, Repairs/ Maintenance, appliances break, water heaters and HVAC replace and repairs, yard upkeep, HOA...the list goes on.. Buying or renting is exclusive to ones lifestyle and tolerance for risk.
    5
  18024. Im lucky in that my income is up over 200% since this time last year (new job) and ive always been allergic to debt. Im able to save roughly 25-30% of my after tax income and thats because i was so used to being broke that i just spend what i used to. Not interested in buying and im about to move and save ~$400 in rent each month.
    5
  18025. So glad you and Lizzie are safe!
    5
  18026. See you've been in the gym man 💪
    5
  18027. Thanks for doing what you do!👍
    5
  18028.  @MichaelBordenaro  haha yep I got that little factoid from one of your videos
    5
  18029. It's comical what some of these people say. You are spot on per usual. IMO, just be ready. That's the best anyone can do who serious about buying. Mortgages rates come down, and a house falls in your range you like? Buy it. Prices too high and rates too high? Keep saving and be ready. That's all I'm doing. Top tier credit, Debt Free, solid emergency fund, cash savings, saving whatever I can and already hit my house saving goals. Rest is gravy now. The people who WON'T succeed are those who levered up, didn't save, and/or have bad credit. Many will get scared. That's ok - but they won't be buyers lol. The past few years have been difficult doing without, but it sure is going to pay off for those who've been ready and preparing. There's HUGE difference between the people who want to live it up, spend spend spend, and complain about buying a house VS people who've saved saved saved, done without, watched the market, and stayed out of debt. Often lumped into the same category and it's laughable. The latter is the group who could lose their job and still pay their bills. Takes serious discipline to do that and admittedly it hasn't been easy...especially watching as other's have lived it up in auto/housing market.
    5
  18030. Good afternoon, real estate warrior 😎
    5
  18031. I'm sure you know this, but it is everywhere in the country that housing and rental prices are out of control. Housing in California where I live has been insane since I moved here in 1980, and we're still seeing exactly the same kind of price bubble that you describe in Florida.
    5
  18032. Just curious,......why do you refer to your girlfriend as ''your wife''? I am totally fine and proud to call my significant female companion..''my girlfriend''. Am I missing something?
    5
  18033.  @Tonymanero1960  Because they have been together for a very long time and see each other as such.
    5
  18034. Yes, we are waiting for a crash. We are in E. WA which usually have a fairly stable market which doesn’t go up as much or down as far in a crash. But homes are ridiculous and we aren’t buying until housing comes down and if that means a crash so be it. We are cash buyers so as soon as a good deal comes up we’ll jump on it.
    5
  18035. they sell affliate websites yet their own website is freezing all the time
    5
  18036. Merry Christmas Michael ! Rules on home equity loans are a lot stricter now than in the past.
    5
  18037. Homes piling up in the Midwest. Like a standoff . No Reductions and No Buyers ‼️
    5
  18038. It sure would be awesome if Florida could step into the 21st Century, be much more open minded and progressive and leave the 1950 mindset behind. 😉. I like Tampa because (a) less hurricane activity being on the gulf side ... although it gets an abundance of rain/lightening storms (b) major airport (c) has major medical facilities (d) close to Clearwater Beach for the day (e) not as heavy traffic as a Miami/Ft. Lauderdale (f) doesn’t identify as Manhattan South. 👍🏻. Great fresh perspective Michael ... definitely not ho him run of the mill presentation 👍🏻👍🏻👍🏻
    5
  18039. Check out Delray Beach sometime!
    5
  18040. Michael sell ur place now in Miami and rent in California and sit and wait...
    5
  18041. I loved driving up the PCH when I lived in Malibu. There's some good little fish and chip places there☀️
    5
  18042. Thanks Mike
    5
  18043. I would love to have you as a mentor. We are living in fear financially these days.
    5
  18044. Thank you very much for your tips, I'm going to Miami in October for Family vacations, and now I'm really glad I reserved a hotel in North Beach (Seaside Hotel Apt). My family consist of my wife, my 6YO and myself, and we will be going to the Miami Zoo, and Seaquarium, one day each, however the remaining two days we're planing to just go to the beach and maybe some quick shopping. Do you think North Beach is appropiate? we deffinetly won't be going out at night, we just want a peaceful week at the beach.
    5
  18045. Michael I'm up in Fort Lauderdale and I don't even like going outside until the sun is going down. Too damn hot 🔥 🥵 in the daytime my brother. Your a trooper 🤣🤣🤣🤣🤣🤣👍🏾👍🏾👍🏾👍🏾
    5
  18046. The solitude and free parking is the only appeal for me. It’s a chance to escape crowds congestion and traffic of St Augustine during peak tourism season
    5
  18047. If I could pick my hours of work it would be 3pm to midnight and staying up until 5am. I find that peacefulness of being up in the middle of the night. Not everyone is an early bird.
    5
  18048. I want to prevent the cbdc
    5
  18049. Really eye-opening. Thinking that realistically the old buildings will get demo'ed then Devs will come in and build new. Probably makes the most sense. The condo fees are crazy tho. I would imagine between that and the increased insurance (+ liability) that will make a lot of these older condos economically unviable vs. demo & building new.
    5
  18050. We all need to tell each other the truth and listen to those who lived it. Thanks dudes.
    5
  18051. what about if the garage floods
    5
  18052. The air conditioning went out on my Hyundai Tuson. I was told by a Hyundai dealer that there would be a $190 diagnostic charge. I told him the $190 was ridiculous and went to another place (freelancer) and paid $200 to have the system recharged with dye added. Then I go on You Tube (after getting home) and find out the part responsible can be had for $16 plus tax. Located by the gas petal where no sane mortal would look. Us Americans love to steal and cheat. Most have crammed these divine things into the constitution. Maybe the hordes are getting what they deserve. Las Vegas latest strip scams = young woman are dressing up as showgirls.....feathers and all. They charge $70 to $100 to take your picture with two of them. I suppose the $100 is for putting one hand on their butt. I seen where many cities in northern California (Mike's chosen paradise) on the coast have no water and 100% of water is being trucked in. I seen some idiot a few days ago claiming Las Vegas will always have water. His numbers don't match the Dept. of the Interior.
    5
  18053. Give the US citizens a chance to buy something. I work 2 jobs and I can't afford anything. We should come 1st and they just drive the prices higher!
    5
  18054.  @MichaelBordenaro  First step in rehab is to accept that you're an addict. "Hi, my name is Bob, and I'm a housing bubble addict. It's been ninety-four days since my initial listing and I still refuse to lower my asking price."
    5
  18055. When people are priced out of buying a house, while Rents increase 11-24% annually…how can people afford this raping of a citizen’s ability to survive yet alone thrive in this economy? Remember, if people can’t afford to buy products because almost all of their income goes to rent, then…the economy will crash. People can’t afford to survive. Thanks for saying what I’ve been saying. We need to make survival a chance in this game of working for a living.
    5
  18056. People finance their freaking pets! We deserve the crash that's coming and every bit of pain it will cause. I'd better not hear anyone dare complain.
    5
  18057. The rent is too damn high!
    5
  18058. 25% of payrolls are government spending.
    5
  18059. So far i really enjoy your content. Think you are very up to date and Passionate and damn knowledgeable.. Mostly wanted to say that I appreciate what you do and share.
    5
  18060. I live 2 hours north in Port St-Lucie . I have a 4 brm. CBS pool home listed for sale at $ 469,000 and am getting lots of interest from cash buyers from NYC who have sold their homes up north for big money. Not sure interest rates are that big an issue for people moving to Florida.
    5
  18061. But where is there affordable land? Anyhoo, manufactured housing have waiting lists. And what of zoning? Tiny houses are difficult to get zoning for, so....? And now the rates for these folding houses as well as tiny and mobile are going to skyrocket, as does America in all it's horrid greed.
    5
  18062. I’m not surprised that you follow his channel, too. I like the sensible investment advice Graham’s channel offers. I’m approaching retirement, and ironically, it is not bad financially if you are retired and have modest or fixed income. For young people with really big income, as we used to say in NY, forgetaboutint.
    5
  18063. Always interesting.
    5
  18064. Keep speaking truth to power!
    5
  18065. Bought in Florida mid 70's in a town you failed to mention. Thank you and I'll also keep it to myself but you and I know we're the best.
    5
  18066. Rates are low but prices are not so its a killer at these prices.
    5
  18067. A condo has no room, most condos don’t have garage’s for your car. You are under the HOA thumb if you have a condo. I have a condo and I have no freedom and the condo commando’s are always watching you.
    5
  18068. I live in Tampa FL, I moved here from Coral springs FL in the fall of 2019. I've lived in Florida for going on 19 yrs, I love it. I'm a short drive from Clearwater Beach FL, they just recently started back up with the sunset parties. My wife and I love to just sit or walk the beach at sunset it's beautiful. We left Coral Springs cause we needed a change even though we loved south Florida it was time for a change. Plus I got a great deal on 1.3 acres of land in a gated subdivision were we built our dream home. We never run out of things to do, everything is only a few hours drive away every couple of months we go drive down to the Keys. You hit on a lot of great places, I can't argue with one thing. I would like to you to add one thing though. Lately people have been moving to Florida and six months later they're moving back home. It takes a good year to year an a half to really get into the Florida lifestyle. Let them know that and if they can stick it out they'll end up loving Florida as much as we do. Enjoyed your post.
    5
  18069. Mike, stop making so many mistakes.....lol....love ya man. I watch every one of your vids....learned so much from you..!!!
    5
  18070. Prices have doubled in Pinellas County since last year, and in most areas in Florida!
    5
  18071. Nope, still ain't buying. Still way to expensive.
    5
  18072. From what I’ve read much of the coast from Vero beach down to Miami is the most expensive on the Atlantic side and St Augustine is more expensive than Jacksonville beach area except Ponte Vedra so I think the only dirt cheap coast is like Titusville to Port Orange minus Daytona
    5
  18073. Glad you made it Michael. Destin is upscale and I always enjoyed visiting when I was younger. Great party vibe at night but also good for family trips. The reason you see the price gouging for the chairs is that it is peak season compared to Miami slower months.
    5
  18074. I love seeing those monstera plants growing outside over there in miami
    5
  18075. A few miles south of where you were on the beach, the beach gets much wider and flatter. Take a look at an area called the Hammock just north and east of Palm Coast along A1A.
    5
  18076. People were paid off to look the other way...🙄
    5
  18077. So we removed drywall, termite damage, We had to remove every exterior wall and replace with new walls. Also no insulation, electrical looked scary , Plumbing was a beaver dam,
    5
  18078. I make 5 to 7 k a week and I am broke too😂😂😂😂😂😂😂
    5
  18079. I don’t know what happened today, but houses in Riverside county, ca today went Up by 10-20k $ on the Redfin app! Somewhere , something, someone is scamming! 😮
    5
  18080. Not hot in Dana Point CA hasn’t been hot on the coast yet thankfully! High today will be 74 degrees with cool ocean breeze
    5
  18081. 1:40 in places where housing is going up, is there any data on those places? How many are actually families and how many of them are people investing to turn them into rental properties? It could be going up because a lot of thick headed investors are investing despite concerning data on the market.
    5
  18082. That was a mini seminar
    5
  18083. Michael here in middle GA sales of new builds & existing has not slowed down. Per a construction company owner everyone is building $500,000 homes around here. Friend of mine who sells real estate is top seller in our area. I’m still in shock wondering where all the money is coming from…perhaps Floridians moving in? Lol
    5
  18084. Your videos are the absolute best 💯
    5
  18085. Excellent video, it helps to have a realtor do a tour. The rose bush is called a bougainvillea. The video is not noisy at all. Would love to see a Brickell video. Great job!
    5
  18086. Great video, Michael. You're on point about the investors being in a world of hurt as rates rise. Here in Miami, we may see a parabolic crash in real estate prices similar to the 30% rise of the last 2 years.
    5
  18087. We live in highlands county between two lakes. Bought our house for $70,000 two years ago. Small, but living within our means. Like you said, depends on location.
    5
  18088. Visitied Florida last summer, I am from Yuma Arizona where the tempearture often gets above 110 degrees, so I thought no big deal, fuck was I wrong, humidity is terrible, I was glad to go back to Yuma but other than the heat and bugs, florida was a lot of fun
    5
  18089. America needs Trump to fix the Biden blunders!!!!!!
    5
  18090. People don't want affordable housing in some areas because the existing owners do not want congestion and other bad things that might come with cheaper affordable housing
    5
  18091. Just like inflation continues same with housing in all over the country
    5
  18092. $400K?! Ya I’d pack my bags and leave if you asked for an additional $4K a year😂. But you can definitely call California a “Beautiful Disaster” right now. Luckily I think if we increase certain rules and restrictions it could have major positive impacts on the state. As always keep up the videos. ✊🏼✊🏼✊🏼
    5
  18093. The bearer of good news is back 😂
    5
  18094. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 You guys always have the BEST information. Thank you for all of the work you do to put these videos together. Thank you and God Bless,Carlos ✝️🙏❤️😊❗️
    5
  18095. Ignore the ignorance.
    5
  18096. Two problems, aside from poor work ethic, with some of the single-person (unlicensed) small businesses (like a few from your list above) is substance abuse and having a felony conviction.
    5
  18097. I did 10 year interests only loan for a rental property. It was great for me. Right before the 10 years was up sold. ❤
    5
  18098. Chicago is not a great place now after the pandemic and looting .. I’m moving to Florida in a few months!
    5
  18099. I've been here my entire life. First-half growing up in Palm Beach County. 2nd half living on the West Coast a Florida. This state is a wonderful and beautiful place to live in. But I must say what has brought it down over the years is Big Corporation investors from the Northeast buying up homes and skyrocketing the cost of renting. This is a crime and somebody should do something about it. Also we've got too many damn Yankees moving here. And they're bringing there Yankee bulshit with here. This is what you call HOA. These people movie down here and put a standard of living on people! This is also b******! If you going to move down here or from anywhere around the country? Come here and adjust the how Floridians live. not how you lived and your s** hole State you came from. this is why it cost so much money to live in certain places in Florida.
    5
  18100. You are AWESOME Mike and we love you and your videos. Keep going man.🙏🙌👏🥰
    5
  18101. Thank you for sharing 🙏. This is definitely a view I will never get to see otherwise 😊❤️❤️
    5
  18102. I wouldn’t mind seeing some dash cam footage!
    5
  18103. Hey Michael , been watching your vids for a while and must say they’re the most helpful and insightful I’ve come across. Moving from NYC down to Kendall Area in Miami in August and you’ve been an amazing help plus a motivation , thanks for all your work and keep it up man! See ya down on the beach soon!
    5
  18104. Great video, loved the background. We went to Florida in May to look around at the Fort Myers area and I thought this is so expensive it has to come down and I haven’t really looked for six months. But I’ve been looking lately and it actually seems like prices have gone up ! it’s just like a runaway train. It’s going to be one big mess if the train ever hits the wall.
    5
  18105. Cali ❤️
    5
  18106. You make my day! I’m watching in my car. Can’t quite do Miami but the walks seem very relaxing and real. As if Biden never ruined our lives. Thanks for the few minutes without terror. We are socialists now. All the government doesn’t even work. I will die broke. But somehow you bring a sunbeam through.
    5
  18107. This time last year condos in my Tampa neighborhood were zero, now there is 8 active with price cuts. Insurance went up again in HOA
    5
  18108. An associate of mine years ago, who was an independent insurance agent, said: if the insurance company thought there was a real chance that they would have to pay a claim to you, THEY WOULDN’T INSURE YOU. The $500 collision insurance deductible on automobile policies is one way that insurance companies eliminate 80% of all claims. By the way, half of all automotive accidents happen in parking lots. 🤔
    5
  18109. $199.00 per day at Disney World next November snd December 2025?! Insane! What’s next?!
    5
  18110. 🍿🍿🍿🍿
    5
  18111. Love that beach ! Usually less busy
    5
  18112. Suddenly sounds very complicated to me. I’m glad you’re keeping track of it all.
    5
  18113. Please talk a little about the luxury condo's in Miami. Are they selling? Price reductions? Etc
    5
  18114. lived in florida 10 years.....left....still miss it sometime....PROS: weather, Churches, beaches, coasts, big cities (Tampa, Orlando, Jacksonville) then a few miles down the road nice and rural...Long drives with car to cruise, good restaurants-lots to choose from, great wildlife - gators, manatees, panthers, etc..cool to see, Disney World, Universal Studios, Sea World, etc...Daytona 500, car shows, Sports teams, Football, College and Pro Football, Spring Training, Nightlife, no snow, .............CONS: Lower wages, lack of quality healthcare and doctors, southern inefficiency, bad attitudes from southerners and Floridians, Puerto Rican gangs, emphasis on Spanish language and culture, Expensive housing, tolls, Hurricanes, insects, bugs, small lizards running around, a feeling of "NO CULTURE", Lots of wealthy, elderly people, and snowbirds that are arrogant, no change of seasons, the state just gets on your nerves after awhile...
    5
  18115. Grandpa is a typical old school Midwesterner - calm and reserved. Talks very little, listens a lot )
    5
  18116. Great info. Glad to know that unless you want a super quiet place, there are other areas to continue on to.
    5
  18117. FL real estate is holding up well, up 6% I hear whereas NYC is tanking, along with other big city property in high tax states....they are going to FL and TX....
    5
  18118. Your 100%correct. Especially if they use 2 incomes and one loses a job. People are told they qualify for X amount. So they spend it. They only require a 3 bed/2 bath home they could be comfortable.
    5
  18119. Storms happen. We had a tornado on Memorial Day 2019 (south suburbs of Chicago) & had 20K worth of damage. So no matter where you live there’s gonna be storms. That said I don’t mind tornados & hurricanes but F earthquakes. I had a few releatives that rode out hurricane Andrew & it sucked, but they survived.
    5
  18120. I love these walking videos because we get to see the homes behind the scenes. What amazes me is that this area is supposedly expensive (the first house going at nearly 2 bar) but then like two steps down the way and the other houses look tiny, dirty and poorly maintained - at least on the outside(yet no doubt if they sold, the asking price would be high just due to the area). They clearly would need a lot of work done and these days people want to straight move in (renovation free) with little work to do or they’ll pick up a house at a bargain and then do it up with the money they saved on the sale. I don’t know about America but even just doing a full house paint job costs an arm and leg (as with all kinds of renovations).
    5
  18121. Takes about 18 months for interest rates to impact housing. Housing is the last thing that falls.
    5
  18122. Yes, peace of mind and a good quality of life are the most important.
    5
  18123. DESERT GREETINGS MICHAEL,.. THANKS FOR YOUR INPUT. ❤
    5
  18124. Alec Hamid I’m originally from north Europe but living in SoCal for 16 years, and love the mountains and weather here 😎 But it is very expensive and taxes are high. it’s literally impossible to buy a house in a nice neighborhood with good schools, unless you’re a millionnaire. And the beaches are very crowded 😳 I’ve been to Miami, Fort Lauderdale, Key West, and Ft.Myers. Next, I’m thinking to check out Tampa/Clearwater. Do you have any videos on it? 🤔
    5
  18125. I have been loving these last couple of videos and even more since your outside again. It's nice seeing the houses, environment and mostly the beach lol.
    5
  18126. The money printing and immigration will likely keep prices from falling. Our dollar is worth less and 11 million immigrants since 2020.
    5
  18127. Thank you, I have been waiting for 2 years and do not want to buy something that was not what we want. Finally someone is saying what I am.
    5
  18128. ...and more houses on the market soon because tax delinquency too...just got a little old farm at a fair price that way....
    5
  18129. I plan to leave NYC in the Not Too Distant Future and buy a house in SWFL. Your videos give me much to think about. I appreciate this content very much. Thank you
    5
  18130. If you have the means to buy then great but people like myself, I am single and my credit score is not picture perfect so I rent and I put extra money into my retirement. I don’t feel comfortable with the estimates I been getting for a home mortgage. Almost $600-700 more than what I would be paying now and I don’t have the responsibility of maintenance so for me I’m good right where I’m at for now. If I was still married and had that extra income I probably would have bought by now but it is what it is. I’m blessed to be able to have a roof over my head
    5
  18131. The new construction places are HOA. I looked at a couple different ones and in different states. No, absolutely not. I saw what living under an HOA was like for my parents in Sedona. Power tripping evil people and I've heard enough other stories in various states that HOA is a hard pass from me. Plus, I'm looking for 5 acres at a min. I do not like being close to neighbors. All the housing needs to go down. Do you want to know what the real benefit is? I mean this seriously too. In some areas they want it out of reach because they are trying to keep it at a certain level of class. They don't want criminals or just low-class people in general. I have to say I can completely understand because I've had to deal with renters and there's a reason why you build up to be in certain areas. Trash renters I think plays a big role in them wanted people priced out since some always manages to have a rental. Renters are not invested in the area and if the price is too low you get very trashy people. I get it, there are still people in higher tax bracket that are equally as trashy. It's not a guarantee but it does really weed out a lot of the trash.
    5
  18132. First like🎉🎉🎉
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  18133. Hello Michael, looking at MLS in many areas in Florida for the last 6 months, 80% of the listings are owned by investors, these investors have marked up their homes with huge profits and I refuse to buy from them , and I am a cash buyer. Those investors have inflated home prices, and it seems like they price fixing. Something need to be done about them
    5
  18134. Your riffs have a very Shinedown-like vibe!
    5
  18135. Great Advice!! 😊
    5
  18136. The insurance company tells our HOA what to do and we just do it. Clean the dryer vent every year? Have a fire extinguisher in the house? Clean chimneys annually? They replaced the roof two years ago and replace them every 15-20 years. We have to bring our house up to code when we make changes and modifications. So our house is about 40 years old, $4k in property taxes and the HOA covers exterior insurance. No income tax, no sales tax. Our climate risks are quite low and that's one of the reasons why people want to move here. Florida is nuts. BTW, not only homeowner's insurance. Florida has some of the nation's car insurance rates too. Why is that? So is everyone down there overflowing with money? How much do people make there to be able to afford all of that stuff?
    5
  18137. Well done ^^
    5
  18138. Another great show Michael 👍
    5
  18139. There's places here in socal where they only speak Spanish, like parts of Santa Ana and even Anaheim. Growing up in the southwest you learn some Spanish just from being around lol. Useful to know for Florida too
    5
  18140. 2 years ago I moved to Los Angeles to pursue my music and for better financial opportunities. Since then this place has become a nightmare and quite honestly I don't want to be here anymore. Really considering a move. Any advice?
    5
  18141. hi mr mike, Marina del ray is only one of 3 marinas in la county. Others are San Pedro and long beach. Redondo B might have a small one but it is puny. Largest marinas in SoCal are Newport Beach and San Diego. You are one half mile walk from Marina del rey to the beginning of Venice beach at the end of wash blvd. The main N/S drag for venice beach is lincoln blvd and it is a bit seedy. Randy patrick site has a full rundown on foreclosures. LA county has over a third of all foreclosures in CA. CA is a non judicial foreclosure state and it takes only 4 months from NOD to auction. Banks- lenders move fast in FC if you have some equity. if underwater they likely delay and try to work with borrower. If home is in a crap area they may not move at all on FC and just let the property go to rot. BTW i had a property in LA during the last great recession and my home lost 40% of value from 2007 to 2012.
    5
  18142. declining house prices is fine if you are not moving, prices that go up too fast screw people that have no plans to move, there needs to be balance, my house is down this year from a high of 600,000 and now it's 555,000, my mortgage payment is going down this year because that drop, I will take it, I plan to live in my house for at least 20 more years, I live in Olympia WA
    5
  18143. Thank you man this helped a lot!
    5
  18144. Thanks Michael, you vids are an informative & entertaining part of my life 🍩
    5
  18145. The grass may not be greener some where else..I want to move to Florida as well but family is here
    5
  18146. I can’t wait to see what happens when all those people who fled northern states for low-cost Florida and Texas during the pandemic find out what 120° days are like. They’ll be flocking back to north in no time. Then you’re really see real estate prices crash in the red states.
    5
  18147. House Sales start here when the Snow Melts. A couple weeks from now. 3 million is an average Price in my area. It may be an interesting season as we see how many want to cash out. I'm not expecting much because so many people here, (not me, I'm poor) are Billionaires. Many go to their second house in Florida in Winter and back here in Summer. We call such people "Snowbirds".
    5
  18148. I think there will be more layoffs from tech firms in general. Fortunately, I've quitted my tech job in the Bay Area, CA, sold 3500 sq-ft home in Livermore, CA and moved to FL last summer. Instead using tax money for student loan forgiveness, government should use the money for job training. I found this quote at Vilano Beach Pier, St. Johns County a few weeks ago, "Give a man a fish, he eats for a day, teach a man to fish, he eats for a lifetime." There are a lot of useless majors in 4-year college these days. Students need to focus on STEM and business majors instead of crappy majors with big debt at ivy league colleges.
    5
  18149. I always enjoy learning from your videos like setting aside money beforehand for repairs which I found out from owning a sailboat
    5
  18150. Bought our first home here from Colorado. 52 minute bike ride from the beach and couldn't be happier! Great police presents love my neighbors agree to the far away amenities but bike paths are everywhere.
    5
  18151. The cost of property TAXES and INSURANCE is INSANE!IS it this COSTLY in states other than Florida?” Falling Down “😢
    5
  18152. Michael HOA's are getting scary, especially since the Board has all the power ck out the legal rights of the Board/management co. vs owners. Laws are slanted still to the benefit of developers and Boards
    5
  18153. Everything is fine!! spend Spend Spend...buy an overpriced house....message from BlackRock
    5
  18154. I disagree with respect to the down payment (though I completely agree with respect to the comfortable monthly payment). If 5% down puts you in a place where you have a comfortable monthly payment, and renewing your lease is going to cost you a similar amount, and you have no appetite whatsoever to rent for another year, and you’re in a market that’s not severely overpriced, I think that it’s fine to go ahead and buy. Of course you have to do whatever is best for you.
    5
  18155. Bear Creek Ormond Beach....
    5
  18156. I believe those who refinanced or bought when the interest rates were low hang on to their homes as long as they can.
    5
  18157. Rents are still high by me, stuck in my apartment until something changes in the market 😑
    5
  18158. Mother? Looks like she could be your sister
    5
  18159. If the market rose 20% year over year will a 25% reduction in price really matter? If a $300k house went up to $650k even if that house drops to $500k is that good 🤔
    5
  18160. The reinforcing looks like it rusting. If the post tension reinforcement is rusting there is nothing they can do. I believe that this building will be condemned.
    5
  18161. Lol, "if you can't do a real pull up". Love that line.
    5
  18162. this might be useful for me in the future
    5
  18163. I think I'm living the American Dream but I'm retired and have no debt. I get up at 6am everyday raring to go.
    5
  18164. Soon high school kids shaking French fries at McDonald's will all be millionaire's. Exciting times we live in.
    5
  18165. Live in Maine and plan to move to Florida, am thinking about Pensacola.. I want an affordable area but also safe!
    5
  18166. First realtor that is not 💯 bullish on this market. I swear there will be a drop in both stocks and real estate, there is no way this can sustain. I saw a house bought for 355k in 2020 now for sale at 635k with no work put in and has been vacant. It's all artificial inflation
    5
  18167. They want to keep us as the financial cattle in a ranch ran by corporations and the herders are the politicians (both parties). Minimize debt and your consumer footprint. "The only winning move is not to play"
    5
  18168. video content AND quality is great!! Btw, what camera setup are you using? (thanks)
    5
  18169. How can they force you to leave if you own the condo? That makes no sense. You own it they don’t.
    5
  18170. Spot on as usual. I agree 100%
    5
  18171. This is such a cute area! I can't wait to see the property.
    5
  18172. My decision to sell my low interest rate home is driven by insurance costs.
    5
  18173. For the algorithm.
    5
  18174.  @MichaelBordenaro  thank you, I will come and visit soon and do a phone consultation with you to get the full scoop. the west coast looks more calm with more sand banks and calm waters but the east coast looks amazing too.
    5
  18175. I’m 14 but maybe when I am an adult I might move to Florida
    5
  18176. At current inventory levels the effect of higher mortgage rates will be to push more homeowners and condo owners to rent rather than sell. That will further reduce inventory, keeping prices high. Only adding about 4 million new units to the national market will break this cycle.
    5
  18177. At least in Florida we have "Save Our Homes" I feel sorry for the people who have lived in their home for years in Texas then the Taxes go up ridiculously because property values have gone up...
    5
  18178. Sorry you have to go through that. I used to live in the Hamptons and that’s how us locals felt about the people who came to party in the summer. Luckily there was plenty of places to go where the tourists didn’t.
    5
  18179. Hey Mike, what if you have an extremely secure government career and are considering a variable rate mortgage? Could that be safe to get by and then refinance later to a 30 year fixed after the crash settles down? With it make the refi worse if the equity didn't really improve?
    5
  18180. No way were 90% working in 2008. Look at Labor participation rate!
    5
  18181. Another great video!
    5
  18182. Nice video! They've barely gone down where I am looking here in California. =(. Santa Barbara, Ventura, Oxnard, and Camarillo ......
    5
  18183. Without! Absolutely without sunglasses! And for your viewers we don’t think you are doom and gloom. A wise man. Thank you for content keep taking us on the walks.
    5
  18184. I don't know about rest of the country but here in California they came up with a new plan for first time buyers where the state gives you 20% for the down payment and when you sell the house in the future. You give the 20% of the sell to the new buyer to assist them as first time buyers. It's just going to keep this market going through manipulation
    5
  18185. Great analysis and warning. Loretta Mester, President of the Federal Reserve Bank of Cleveland, said yesterday that the Fed Rate is going over 5%. That translates that they are committed to keep raising rates. I doubt she would just pop off to hear herself speak! Wall St will continue to push the feds like they always do. The info is out there.
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  18186. South Florida is a true tropical climate summer is the wet season
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  18187.  @MichaelBordenaro  I mostly hit the clubs/drinking/coke way too much and wasting my all my money. I don't blame Florida for my actions and I am a different man today
    5
  18188. If/when parent/s are financially able to help their kid/s get into a home they might consider holding title in a trust
    5
  18189. Micheal...just a concern subscriber reaching out to make sure you are ok after seeing that building collapse. Please post to let us know you are ok. I havent seen a post from you this morning !!! Prayers to those people and their families !!!
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  18190. I just think people are giving up and choosing not to be in the rat race. In China they have the lay flat movement or the let it rot movement. I think it’s spreading here. Inflation is high no matter how hard you work. We are getting cheated by inflation and then overtaxed. The thing the governments are overlooking is the national moral. If people give up then this nation is over.
    5
  18191. Michael, Definitely Not doom and gloom here, thank you for keeping it real.. You're doing an Awesome job! Thank you for your work.
    5
  18192. you live in Miami ,diversity in Miami ? it is Spanish .
    5
  18193. As of today, moving into Treasuries might be a hedge against Stock declines coming. 10yr T-Bill is a 4%.
    5
  18194. Welcome to Waterworld....eventually
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  18195. Excellent video thanks
    5
  18196. I remember my first credit card in the early 80’s —from Sears. Got a few more over the next 10 years. Like you said, excited to have a credit card & think you can buy whatever you want. You soon realize that paying just the minimum payment is a losing game when you see your balance has gone down very little or is actually MORE than the balance on last month’s bill. Also pretty ugly when you’ve neared the upper end of your credit limit. I occasionally get asked when I’m checking out at a department store if I want to apply for their credit card. I need to start giving the same response to all: I have more important things to spend money on than debt.
    5
  18197. Another great dilapidated house! It just needs some love and to be fixed up and landscaped! If only I had the money!
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  18198. minimum wage hike leads to less hours for the employees. maybe more part timers and less full timers. mcdonalds cannot come out with a deluxe burger only cheap burgers are sold at mcdonalds and that is why i have not had a big mac in ten years
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  18199. Yet another great video by Michael !! 👍🤩 I agree If you are looking to rent or buy in Miami the last thing you want to do it’s not having a realtor! You will soon find out it’s more complicated than you think! Miami is a unique city with so many choices ! Make sure you make the right choice! I noticed it was harder to rent there that’s because landlords are trying to protect themselves against people who love to be on the beach but not so responsible to pay the rent!!🤔😂
    5
  18200. Shout out from Pacific Beach, CA. After living at the beach here for over twenty-five years my wife and I are considering moving to Florida's east coast. Watching your videos have been very educational and informative. Thank you.
    5
  18201. Somewhat north of you Michael. We're looking at places from New Smyrna Beach north to Flagler Beach. We've been out there a couple of times in the past few years checking it out. Kinda tough leaving this area of San Diego but we need a change.  @MichaelBordenaro 
    5
  18202. Looks like South Orange County CA, took a walk through Bal Harbour in February of 2020. Nice area, one of the things I like about Floriduh is that the sky is always blue. Everything is so bright, colors are really vibrant. Unlike SoCal where we have days when smog is so strong it’s like fog. Bruh yes do Sunny Isles and finish the bid like here on the pier on a sunny bright day 😊😊😊
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  18203. So many people I knew grew up in OC, they all bail on it, they can't afford to stay there. Their parents were able to live there being working class, no longer! But I don't feel too bad, when their parents kick the bucket they will inherit a million + dollar home.
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  18204. We rolled the dice on a 5-year ARM back in 1993. We got lucky that we were able to refinance at a similar 30-year fixed rate than the ARM wanted to jump us to. Refinanced later to 4.25% and riding that out!
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  18205. I was very lucky to have a great agent who sold my R.I. home in 2021, and the reason I used him is I had a great experience with him when he sold my late parent's home for me in 2010. And I was very fortunate to have an equally great agent that I purchased my FL home from in 2022 who now I call both these agents my friends and have referred others to them. Both of these agents were working in real estate for years which was their only job. And, both earned every dime of their commission and both homes sold for a good amount over asking.
    5
  18206. As far as not being able to check criminal back rounds, do it anyway.
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  18207. Actually my niece put me on to your channel and now I put my daughter on. I told my 3 sons to also check you out . We are sincere about moving down, born and raised in NYC . We’re so tired of the Snow and Cold, I can relate to your decision to move to a hotter climate. We definitely have that in common!! Lol
    5
  18208. Ohhh, i want to be an illegal immigrant too...
    5
  18209. I splurged this week, I bought Charmin instead of Scotts. When did tp start to cost $8.00?
    5
  18210.  @MichaelBordenaro  nobody is making you, the same way the iPhone didn’t make the entire planet switch to smartphones. The product eventually became an inevitability. EVs is the better product for most people and we will all figure that out in our own time. Where are all the people that said their flip phones were good enough? Probably saying EVs are thrash
    5
  18211. You should do a vid all about the wildlife in Florida plz!!
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  18212. I am certainly not a late bloomer. But I danced with the NYC ballet the TV show Fame and on and on. I used to surf and was a martial artist. But I fell in Bermuda (I was a personal trainer at the time) I broke my ankle severely and the doctor was a world class doctor who put a toxic metal in me after telling me it would be titanium and I almost died. The doctors told me it was in my head, I finally got a proper diagnosis of metal toxicity and they recently took the metal out. I could not walk for 4 years. It is hard to learn to walk again as an adult. Our dream was to move to Hawaii but this pandemic changed Hawaii ad the economy is 100% shut down. So since Florida is warm and close we thought of Florida. Florida os kind of set up for New Yorkers. Thanks for the encouragement. Anyway its 3 am I have to get up super early! Thanks for the video!
    5
  18213. I am from the Midwest (Minnesota) and am moving down to Miami, I have a new job and am looking for an apt and planning my finances, thanks for this video. I appreciate the perspective of someone also from the Midwest moving down to Florida.
    5
  18214. Great real time intel on the Fl. R/E Market , Thank you.....The market is distorted by about 2+ sigma ( standard deviations)...because of Fed intervention ( low %) and demographic/ and personal Freedom migration to red states. Hedge funds and Family offices purchased a Large number of houses btw 2013 to '16.... Michael, those properties will come back on the market ( almost at the same time), when these funds decide to redeploy their capital. It's usually a smart move to go "against" the crowd......Your new video series on R/E data and analysis is Terrific !...Thank you..
    5
  18215. LOL, the first house my mom bought was at 12%, she just wanted a home, she knew nothing, now she owns 34 homes 12 apartments, wow. The answer is, it’s better to own assets, then not to own any assets. Know the numbers.
    5
  18216. Good analysis. Both are great.
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  18217. Can you imagine waiting 18 mos to get your home to find out all your neighbors are renters😮
    5
  18218. *News flash Mike. We been in a Recession champ. It’s just extremely inflated, and BRICS nations have figured out how to stop trade with the bullies of the USA.
    5
  18219. the erewhon market in palisades is really nice..stay away from the whole foods in Venice on Lincoln it got really crummy due to the homeless- it was really nice just a few years ago !
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  18220. Right next to this dilapidated house😂
    5
  18221. In one of your older vids you claim to be an independent and no democrat or republican. This can be true, but the way you talk you sound like someone with a flat out dislike of the Democrat-policies in California and the Biden administration. I cannot immagine that the Independent Bordenaro will easily vote for any democrat? Your economic views are mainly common sense right wing old fashioned conservative talk.
    5
  18222. You can tell you love the beach
    5
  18223. He is an excellent player/guitarist, he puts his music up time to time.
    5
  18224. That Miami fall weather is looking glorious
    5
  18225. Hi Michael. I love where you have taken your videos. I’m looking forward to see where you go. Thanks for calming me down. I was going to move to Florida. Thinking St Augustine; however now, I’m going to do what you did. I’m going to go to different places in FL and see where I would like to settle. I’m definitely waiting for the market to calm down. Living in CT right now.
    5
  18226. Totally agree!!!! Love 💕 you both!
    5
  18227. Michael, another great video. I am and Aldi shopper - I applaud Aldi for realizing the problems we as consumers are having - and being honest - wow.
    5
  18228. loved this video! I’m always watching ur videos for my Florida fix. I’ve been wanting to do a Florida road trip to feel out which area would be best for my German shepherd & I to eventually move to, but I’m still saving up & these videos are perfect to hold me over so I don’t get too impatient ! very informative :)
    5
  18229. lived in florida 10 years.....left....still miss it sometime....PROS: weather, Churches, beaches, coasts, big cities (Tampa, Orlando, Jacksonville) then a few miles down the road nice and rural...Long drives with car to cruise, good restaurants-lots to choose from, great wildlife - gators, manatees, panthers, etc..cool to see, Disney World, Universal Studios, Sea World, etc...Daytona 500, car shows, Sports teams, Football, College and Pro Football, Spring Training, Nightlife, no snow, .............CONS: Lower wages, lack of quality healthcare and doctors, southern inefficiency, bad attitudes from southerners and Floridians, Puerto Rican gangs, emphasis on Spanish language and culture, Expensive housing, Hurricanes, insects, bugs, small lizards running around, a feeling of "NO CULTURE", Lots of wealthy, elderly people, and snowbirds that are arrogant, no change of seasons, that state just gets on your nerves after awhile...
    5
  18230. I think they suspended the gas tax in Florida for the months of October.
    5
  18231. There is a difference between want to sell and forced to sell. Demand will only rise when the bargains appear. When you have an expected unemployment factor coupled with defaults then inventory will rise and push prices down especially on those owners stressed and unable to make the payments. If by some bizarre reason unemployment is not significantly in big numbers in 2024, then I suspect the market will remain static until the buyer can qualify even at 6% interest mortgage rate. Since the bond market has usurped the Feds rate, then that 6% target may be difficult to reach as the norm. The problem is a large portion of the buying public will lose equity on their home waiting for prices to come down with interest rates in order to qualify for a mortgage. Many of us have been convinced this 2024 down turn is a normal swing in the economy, but try to convince some 250 banks and the emergency funds Fed window trying to stay solvent. Tell the investors who put their money in "mezzanine loan portfolios" in commercial real estate aka like second and third mortgages that are worthless in an auction and sarcasticly the housing market will improve. They are running for the aisles. This is NOT a normal down cycle, but it will be an election year and I do not think the transparency information quotient will be at an all time high. Grab the popcorn and take a seat. Nobody is addressing the Federal budget 1 trillion interest payment on the national debt each year sucking capital out of the market intended for private investors. Deflation is not the cure for growing an economy since the Keysians cannot have it both ways. We are about to enter weird times and unusual dynamics. Very disheartening for the younger generation and those trying to raise a family. Chin up, try to live within your means.
    5
  18232. People. More Commission to the Buyer's Agents = More Showings = More Offers = Higher Selling Price. Without paying Buyer Agents you save 3% and but you lose a whole lot more with a lower selling price. I'm an agent and when I sell my own properties, I gladly pay 3% to the buyer's agent for the added exposure and multiple offers they bring. I'm only one agent but when I offer 3% I have over a thousand agents trying to sell it. The system works perfectly. This will become a disaster - You may quote me.
    5
  18233. Buckle up! I already see prices stabilizing or coming down in San Diego, fortunately!
    5
  18234. That house price rental for $40,000 a month is pure insanity!!!! Maybe these folks need to take Math 101 or just stop being insanely greedy!!!
    5
  18235. I carry a card balance, but I have zero percent interest. Just had to pay the one time fee. I pay enough each month to have it paid off when the 0 percent offer ends.
    5
  18236. If water rise to that level, 1/3 of Florida would be under water. Maybe, most cities in FL could become like Venice Italy. I had a coworker back in Silicon Valley CA, who came from Illinois. He told me the property tax in Illinois is quite high comparing to CA. In addition, he had to deal with snow and extreme cold weather during Winter months. If you plan to invest in equities market, keep it simple and buy S&P500 index fund/ETF from your extra cash (after you have put aside some emergency fund). For these zombie companies, it reminds me Dot-com and IPO companies back in 2000.
    5
  18237. I like cars. I like beaches. I don't like cars on beaches.
    5
  18238. Stay up as late as you like. Just because the music on the squares end doesn’t mean certain restaurant/bars aren’t still open. This is a very active lifestyle community so most all of us are up early to golf; play Pickleball or whatever outdoor activity involved with especially in the summer months.
    5
  18239. I live in Monroe County. Spalling repair is the #1 structural repair that's needed on concrete homes here because moist, salty ocean air always finds a way to penetrate the concrete structure and rust the REBAR within it. It is well-known that you should make those repairs ASAP as otherwise the spalling will only accelerate, becoming exponentially worse.
    5
  18240. Rochester, MN winters are crap. Like Oct/Nov through March or later. Vitamin (hormone) D is pretty much zilch then, which is one of the important reasons why you'd move to FL from the North
    5
  18241. Florida still cheaper than AZ. I pay $1700 for car insurance 2014 Camry and liability for the 2000 truck. Yearly car registration $200 more a year. water , AC expensive. basic cable internet landline is $187 a month. not only that we have state tax and if you live outside maricopa county additional charge for rural metro $400 a year. sales tax it vary 6 to 7% maybe 8% some areas. the only thing is we have jobs not difficult to find a job even if your out of state. I think Florida is a lot to offer more things to do and allergy friendly. if you have allergy Arizona is not the best. We also have problem with scorpions inside and outside the house so monthly service pest control is necessary during summer and every other month in the winter. Do you know more about fort myer area? Looking forward for more of your video.
    5
  18242. Absolutely beautiful.
    5
  18243. We are in uncharted territory now as we have a shortage of workers, so people will keep working and if a company lays off they will just find another job, and by people staying employed they will continue to buy for their needs, but we do need to put pressure on companies that are profiting by increasing food costs and gas prices, which would help.
    5
  18244. Hey How is the construction 🚧 industry in Florida?
    5
  18245. You should move out of Florida. Why did you move down here in the first place?
    5
  18246. 15:00 that guy just came out of nowhere. LOL 😅 And your quick reaction made my day! haha
    5
  18247. I remember 2013 Jeffrey Bush while sleeping in his bed the ground opened and he went under, his body was never recovered. His brother tried to save him but he could only see the mattress. Ground was refilled and opened again 2 years later. VERY SCARY! that was in Hillsborough County. THANK YOU MENTIONING THIS other agents say crickets about this issue.
    5
  18248. There are more shark attacks there than any other beach in the country. 🦈
    5
  18249. Part of Sarasota still without power four days later and counting. Insurance piece will really hurt in 2023.
    5
  18250. Last night I noticed the chargers near my home were all empty but all were all lit up like Christmas trees
    5
  18251. Hiring an attorney is a whole new problem; many if not the low to mid level retail lawyers are mediocre at best> but rest assured they will take your money.
    5
  18252. If a buyer pulls out, do they lose their earnest money?
    5
  18253. Yeah I wouldn't bet money that Florida is going to be under water. Maybe some standard land erosion from the Ocean. When you melt an ice cube in a cup of water does the cup overflow? No it doesn't. They say that to scare us into going along with the green new deal so the elites can have more power over us
    5
  18254. Longboat keys and Sarasota are unbelievable. My wife and I went there 5 years ago and have been there 4 times since. We love area so much we are thinking of retiring there.
    5
  18255. @14:50 I think it's insane to spend two hours a day driving back and forth to work or have to get in your car and drive when you need a quart of milk versus living in a walkable neighborhood with public transportation
    5
  18256. To bad for the Bentley realtor agent, she should not have thought ahe could roll with the big dogs in congress and in the Senate who moneylaundered so much more PPE and now Ukrainian aid. It's called a 2 trired legal system and the peasants who attempt to get into the club get hammered.
    5
  18257. The BLS overstates job numbers regularly. Their were actually 150,000 fewer new jobs according to the BLS the last two months according to their own admission. When the tech, banking and realty jobs losses hit unemployment will go up. They are generally higher paying than the new or unfilled positions today. Generally the first job numbers change lower a month later but they don't broadcast that to people.
    5
  18258. OMG, Michael! This is fantastic!!! Congratulations!!! Glad they were smart enough to pick up on you! I hope you get a ton of new subscribers!!! Good for you! You are awesome and well deserving of this break!
    5
  18259. I’m closer to mid beach off of 24th and Collins. I enjoy it a lot as well as Brickell, Brickell Key, Coral Gables, and Coconut Grove. Key West and Boca Raton was fun for me as well. Still have Tampa, Clearwater, St. Petersburg, and Naples on my list.
    5
  18260. Great job MB. Obrigada 😊
    5
  18261. Thanks for the review Michael! Haven’t been to Daytona yet but this video has has definitely convinced me!!
    5
  18262. Sooo many people moving down from the northeast and west coast, mostly northeast. Won’t be long before the southeast becomes the northeast, minus the bad weather.
    5
  18263. First Californian started going down, now the luxury market is taking the hit. The rest of the market is in denial if it doesn't see thier local market will likely be next. Things don't crash all at once.
    5
  18264. Inflation feels like 50% to me. I am fortunate I sold my house a retired last year and have traveled the country for the past year and can tell you everyone I talked almost always said something about how expensive it is. Rv camps sites have doubled and tripled. This is dirt in the woods. 90 bucks a night. Seen 150 a night. I can tell you highend 2nd homes in the gulf coast area now have 7 months of inventory. You are so right it's crashing soon.
    5
  18265. What microphone is designed for high wind like that? Thanks 😊
    5
  18266. If they were skilled enough to get the kind of remote work that would allow them to live in a place like Miami, they’ll find other remote work or create something themselves
    5
  18267. Awesome Video!! Beautiful scenery!! (aside from the tents and homeless…very sad) Thank you for sharing 😊🤩
    5
  18268. Rather than mail a payment, I suggest putting the check in a bottle and tossing it into the ocean. About the same level of reliability.
    5
  18269. Congrats man!!! Quick question: I’m planning on moving to Florida in 3 to 4 years and was wondering how you think the quality of life will be with the population booming.
    5
  18270. Stay safe.
    5
  18271. I think doing a video driving in the rain would be nice , but great vid man. Do you think you'll ever do a driving video in Naples ?
    5
  18272. Hi guys. What a fun day trip ❤❤
    5
  18273. Pensacola - still Florida but less crowded with white sand beaches!
    5
  18274. Wow! I really enjoyed this video. Keep it up!🙌🤓
    5
  18275. I have dual citizenship so I could always live in Mexico 🇲🇽. I grew up by the beach but eve there, it is getting more expensive. Luckily I’m paying down my little home and I’m saving what I can in 401k and other investments. Would love to own a rental property but it is not the tie. I have hope to have the 2 pensions when I retire but not counting on social security.
    5
  18276. FL has just hired new building inspectors from the Ray Charles school for the blind to check on all buildings. small government is the answer.
    5
  18277. Why don’t you move there - you only live once
    5
  18278. Is it possible to do a video in Fisher island ?
    5
  18279. Paying cash??? You got to have money 💰
    5
  18280. $5089 wow - Florida is nice but it's really getting expensive now.
    5
  18281. I cannot personally speak for all of the municipalities and Provincial property Tax assessments throughout Canada. Grew up in Vancouver BC. Currently residing in the Okanagan area of BC. Housing generally is unaffordable in these and many areas of Canada full stop. However the property tax bills in Canada (again AFAIK) are ostensibly nowhere near what I have seen read and heard about throughout the US (again depending on the area). I am absolutely floored by the tax bill shown in this video for a half million dollar residence. I have heard about similar property tax assessments in Texas as well. Just wow...
    5
  18282. My wife & I are highly considering a move to Jacksonville/ St. Augustine. We dont necessarily want Jacksonville....but maybe some of the better outskirts, and definitely the St. AUGUSTINE area. My wife is a successful real estate appraiser in the Atlanta area. We want an area that is not top, but is growing! Any recommendations from FL people is absolutely appreciated!
    5
  18283. High unemployment is needed to see massive drops in prices and forced selling
    5
  18284. I sold my house last year made double off it in only 3 years. Bought used mobile home gutting it and doing a remodel myself. Property tax next to nothing, cheaper internet, home insurance, electric ect. Basically my mobile home is same size as last home and its 1/3 to live there. Im working being debt free make over six fiquires. I owe nothing other student loans from vet school. I rather invest money than pay 600 a month in Property taxes like my old home or waste money going to a rental. Once im debt free im going buy land in cash and move the trailer then build house on site. I also know other people making 6 figures that live in mobile homes. Unfortunately there going be no place cheap anymore with all corporate places buying in. I wanted to to tiny home but found out laws in my state wouldn't allow for it on private land.
    5
  18285.  @MichaelBordenaro  yes I think it may have fallen short when it was built and then on maintenance, and it’s sister building is still there too. It wouldn’t out me off a high rise totally but I am the kind who likes to have feet in the ground 😁
    5
  18286. This is a quote from the National Association of Realtors report cited in this video: “The median existing-home price for all housing types in May was $407,600, up 14.8% from May 2021 ($355,000), as prices increased in all regions. This marks 123 consecutive months of year-over-year increases, the longest-running streak on record.” I agree with Michael that the nature of the housing market is not sustainable. The market will change. The new normal coming is that house prices will remain relatively elevated, but there will be many less sales. We will continue on the road to being a nation of renters, meaning the percentage of people renting will be higher than those who own. There are a lot of major changes happening in the nation, as shown by the news on a daily basis.
    5
  18287. Easy Michael. I just bought a Smart Cottage and put it on my own piece of land. It's gorgeous. I have a view of the lake!
    5
  18288. Many rich ppl from China, including those ccp officials’ families buy real estate in the US, most of the time all-cash; US living environment and stability from rule of law make it desirable for many foreigners. I do support some kind of limit on real estate sold to foreigners, especially residential, as RE is supposedly for locals living and working there. When the local population can’t even afford to live in a place, like SF, you get all kinds of problems.
    5
  18289. Thanks for explaining this. People do not understand all that happens when things go bad and you are underwater in your house. Exactly what happened to this guy. People think you just give the house back to the bank. No. I have seen it happen to people and it is awful. Maybe you can do a video specifically all about this and just what can happen. People are buying overpriced homes and for those who have paid premiums for homes can be underwater and they think they will just stay there with the low interest rates, but life happens and they will need to sell. The only option I know of is that they rent out the house. Not sure why this guy didn't do that but he may not have been able to get enough. And there are expenses to renting a house out too.
    5
  18290. My water bill in Michigan is $30 a month
    5
  18291. I prefer to live in a house. God save you to live next to a Marijuana, or Vaping user or heavy smoker if you live in a condo. Is a difficult nightmare to get out off.
    5
  18292. Michael, you are 1,000% correct on the pricing trick they're pulling at Dollar General! A week ago I decided to double-check the prices on the shelf versus the price on the receipt. IT WAS HIGHER! I brought it to the attention of the store clerk and she deferred to what someone online said they would say which was "they haven't gotten around to changing the prices on the shelves yet." The foolery is true!
    5
  18293. Great Content as always.
    5
  18294. Michael you know I hate repeating myself. Excellent video. Super entertaining and informative. Again!!! 😊
    5
  18295. Sweet. I use to live there close by. Nice to see you there)) Ps: about Hilton parking. They wanted to charge me $10 for parking spot in which my Ford fusion would not fit. Literally golf cart parking. Parked 10 yards away on the street)
    5
  18296. Great video, Michael !....I use the R/V factor ( Rent to Value metric at 1%/mo.)....Mr.George Gammon has a Terrific video on this Topic.......Eg: House price is 250k / renting this would be 2,500/mo (1%); buy the house. If R/V ratio is .5% or 1,250 , better to rent the same house.....Off Topic....It was really nice to see you and Lizzie on the livestream , Please do more!.......Thank you.....
    5
  18297. No bank will cash a check for you, unless you have an account with that bank.
    5
  18298. Hello Lizzie, good you two of Mike are taking a good time ...breathing air out of Florida...life is too short, we couldn't make our living perfect out of Imperfectness..stay safe...🌹🌹...
    5
  18299. Nice guitars!
    5
  18300. Just let her live out her final years there with dignity!!
    5
  18301. Florida is quickly becoming the new CA. Lived here my entire life and I see why people are moving out.
    5
  18302. Terrific, been waiting for a driving video for a while, glad you did it. I also like walking videos as well. Maybe if one of these videos goes long & I know some of them like to see it shorter, you can probably cut some clips to fit in the time frame.
    5
  18303. Right on. When I was a kid growing up I wanted to be more social or have endless amounts of friends. As I've gotten older, I've learned I'm not wired that way and that's ok. I'm a thinker, observer, great listener but I'm not a big talker. Small talk bores me but if you want me to talk, then talk to me about something worth my time. When blasted for not socializing enough or being too quiet, that's anti-productive being told that. Can I be anti-social? Yeah but that's more so being timid and opening up to just anyone. I value friendship but trust is earned, I'm not an open book. Do I need to work on letting my guard down a bit and be vulnerable? Yes. However, I'll still be my observant, thinking, listening man of few words. Even if you're in my social circle, you'll come to realize that. You either understand and accept it or you'll find yourself out of the circle very soon.
    5
  18304. That reminds me of when I had first visited Tampa. I'll concede this was SEVERAL years ago. It looked nice but I found it rather dead. There was a beautiful waterfront but no one was on it. Ybor City looked like it held some promise. My mother liked it. I told her I'd pay her a visit from time to time if she chose to move there. I had a similar experience driving down to Key West. It would have been nice if I was a drinker. I thought to myself I would have had more fun on Miami Beach.
    5
  18305. Great video Michael!! Thank you for keeping it real. The news is just a joke to listen to anymore.
    5
  18306. Oh well they got all that tax payers money from the pandemic screw those banks
    5
  18307. Thanks for the honesty. The market is going to be coming down for several years so patience is gonna make you money.
    5
  18308. Nice video, thank you!
    5
  18309. We tried to move to Florida last year in the Tampa area and my daughter's fiance already had a job and they offered to pay 3 months ahead of time and they still couldn't find an apartment. It's so hard to find a place in Florida. We're going to give it a go again in 6 months to a year.
    5
  18310. Nearly everyone qualified has their house. No need to buy. Obviously zero sales isn't achievable. Prices can collapse to whatever. It won't matter. Good houses without an HOA (or expensive fees) will still be sought after. If prices go low enough, you will see some sell to convert to no mortgage houses and drop the insurance.
    5
  18311. Since I am in the process or moving 🤬 to Tampa, I have NOT seen any 2/2 for $1500 😄 Maybe in the ghetto. I have seen 1/1 for ~$1500/$1600. If you're looking for a 2/2 in a decent area it's closer to $1800. $1700 rentals here in PBC are very hard to come by. Ok, back to the video...
    5
  18312. Thanks Michael for the info. Wow! I read a few days ago that Phoenix, Nashville, Atlanta & Tampa were in the top 5 hottest areas people are relocating to. Surprises me about Nashville since I lived there 30 years ago & it was not that popular. Now the chart you showed reads all of those areas are definitely overvalued. I’m in a GA gardening group on FB & I see many people mentioning they just moved to our state of GA from all over the country. Crazy. The hubs & I will keep waiting & hoping for next year when we can make our move to FL. It will be like going back home for us since I grew up on the east coast of FL.
    5
  18313. I currently pay about $850 a year for home owners insurance in DuPage county in Illinois. Your right the markets don’t believe the FED is going to do what they say they are going to do. I wounded who will win? 🤔. Great job on the video.
    5
  18314. Thank you. I waited 6 monts and to buy a home and I'm planning to wait longer until fall.
    5
  18315. 1 % of single family homes owned by institutional investors is still too much
    5
  18316. Michael as someone who works in corporate I can tell you from personal experience that remote is her to stay permanently, employers are actually using it as a competitive advantage to recruit people away from other companies. Just look at the job postings on linkedin.
    5
  18317. hey, any video regarding commercial property, like starting small restaurant or maybe a food truck? rent , finding etc
    5
  18318. 1:42 could it be because of a high tide?
    5
  18319. Another great interview! Mom is a classy lady. In the end, I think you moving to Fl was a good decision. And think your folks would agree with that. Chicago? Pass.
    5
  18320. Then figure car payments. Used to get a house for the price of a pickup now. A brand new 3 bedroom in the 90s. Good area too. I still have forever sticker shock. I will own nothing and hate it.
    5
  18321. 1948 was when 30 year mortgages where introduced…. 40 year mortgages…. Are long over due! Before the Great Depression mortgages were privat hence every 5 years you had to refi. We are long over due …!!! 30 year Mortgages should disappear … if they switch … it would be right now
    5
  18322. I don't often comment. But I must say your format and presentation is awesome 👌 You are so knowledgeable and the way you present your videos are very calming and the scenery is beautiful. I'm hooked Michael.
    5
  18323. Hi Michael, I am always so happy when a new video pops up. You are great to listen to and I aways go through the video not even noticing that 30 minutes went past. Much love from Prague, Czech Republic (probably the only one in here, haha). Keep it up!
    5
  18324. Prayers from Indiana 🙏🙏🙏
    5
  18325. Totally unacceptable for these builders to continue to get over on people. Buy at your own risk is what it looks like
    5
  18326. No sweet beautiful lies here. The ugly truths are rumbling the greedy.
    5
  18327. Naples is the most beautiful
    5
  18328. Right now the best investment is not to invest in anything, except in some treasury bills/notes.
    5
  18329. Love your videos! Thanks for all the great information!
    5
  18330. Grew up in Florida and hated the heat, that's why i left and won't move back. I only visit my parents from the months of Nov to Feb.
    5
  18331. In my area you cannot buy small townhouse for 400K. Welcome to state of Washington.
    5
  18332. Some Home/condo Prices going down in the once hot market of Cambridge and Arlington Mass. Isn’t this supposed to be the peak time of the year to sell ?
    5
  18333. What's up Michael !!!!!
    5
  18334. Everyone let’s rent for 6 months until prices drop or move in with parents People need to stop buying and control the urge to buy in order for these prices to drop, people are making things worse by over bidding which in turn causes more damage to inflation
    5
  18335. All your videos are getting me so confused on where to move to Florida,so beautiful
    5
  18336. My bro use to live in Boyton, it’s pretty nice, I liked it. Good variety of restaurants. Surprised Hollywood didn’t make that list, nobody grows old in Hollywood lol. ⛲️of youth 😎💪🏼
    5
  18337. Mike you right on the money there’s more we still have an insurance crisis, debt crisis,and interest rate through the roof company’s are laying off and inflation i would not be making a large purchases in the near future
    5
  18338. I'm thinking of moving in a couple years. The most important question Crockadiles Alligators hot spots
    5
  18339. I feel like things are gonna go back to normal once the pandemic is officially over. Job market in Florida isn’t that great and people in NYC are being told to go back to work in the office by September. Employers might benefit from a hybrid work schedule but the city is losing money on people commuting and businesses paying rent, they’re gonna push hard to get people back to the office.
    5
  18340. in 1998 went thru tornado in kissimmee, went thru 4 hurricanes in 2004, charley, frances, jeanne, ivan...rough, but made it...love florida still!
    5
  18341. Stop charging people extreme amounts of money for those cheap materials used to make a home with. And the government shouldn't be involved .we shouldn't be able to sell to non Americans like other countries do.
    5
  18342. We love your videos and you are consistent We can always depend on you with the latest news the way the economy is going and also the real estate market a lot of people depend on you the best channel on YouTube, And by the way homelessness Can happen overnight to anyone we thank you for the insight you're always right on
    5
  18343. Beautiful blue skies, low humidity, are you sure you want to go back to FL?
    5
  18344.  @MichaelBordenaro  for sure... amazing how much fun you can have with a small piece of plywood as a boogie board. I do miss the ring worm tho 😷
    5
  18345. Rich people never stop renovating. The noise level in Florida is insane
    5
  18346. Love these videos Michael. Thanks again
    5
  18347. I have always hated waking up early in the morning as well!! Now there’s actually scientific data that proves that whether someone is a morning person or not is actually a genetic thing, and it’s not some thing that we can easily change. You just either are a morning person or you aren’t. So, I am with you - night owls for life!
    5
  18348. As long it's not a deed restricted community I'm totally for the tiny homes. I've thought about it for me. It's getting really interesting.
    5
  18349. Great video as always. First thing that is going to happen is deflation. When money was being handed out hand over fist by the current US administration it inflated not only cost of goods but also real estate. Now that this has stopped and they have started Quantitative Tightening all of those gains will be gone meaning prices back to what they were over 2 years ago and then from there as a recession is underway prices will drop. They are comparing this current recession to 2008/2009 so we could realistically see home prices drop to 50% of where they are right now and stay there for a longer period of time.
    5
  18350. Housing market still very strong in Western NY
    5
  18351. I'm glad you brought up the topic about Dollar general in Walmart 😊. What happened to Dollar general they were always open to 10:00 p.m. Nationwide most locations. They decided to close at 9:00 p.m. one month ago . Their philosophy was people will just have to come earlier . That's not what happened . Walmarts open till 11:00 p.m. buy me . 10 p.m. in most locations around the country . Walmart used to be dead as a doornail the last 2 hours and now it's really busy ! I told the manager at Dollar general eneral the last week it was open to 10:00 p.m. he said it was a smart decision I said no it's not . I normally don't go there till 9:30 p.m. especially in the summertime when it's blazing hot and 100° outside . The first week that they changed their hours I see people showing up there like crazy in the parking lots wondering what's going on . I told the manager you watch . Dollar general in their warehouse for their shipping will notice a huge slow down . See I was right and here it is today 😂. There is 4 Dollar generals by me. So all their customers are going to Walmart that normally would show up in the last hour that they were open .
    5
  18352. I work in the aerospace industry and buisness is booming 🙃
    5
  18353. We need MORE Lizzie. Would love if you can shoot a video in Encino/Tarzana area while you're here.
    5
  18354. Almost at 10k my friend. Keep going!!!
    5
  18355. Thanks!
    5
  18356. Anyone have a strong opinion on the Fort Myers area? Thanks in advance.
    5
  18357. It sounds like Siesta time.....is it seasonal?
    5
  18358. Fell behind co worker broke her wrist then 2 quit so I had to take their shifts so no time off working M-F day then Sunday- Saturday every night instead of 3 nights a week
    5
  18359. I’m 24 and am planning on moving to Miami in a few months for a fresh start. I truly appreciate this advice. Thanks so much! 🌴💛
    5
  18360. How are houses appraising at double the price in one year?
    5
  18361. Excellent, as always.
    5
  18362. What price should sliver be per ounce, to justify half million dollar slum homes?
    5
  18363. My first mortgage was a 15-year fixed at 7.5% in 1992, and I was very happy to get it.
    5
  18364. I actually plan on moving to Florida after college.
    5
  18365. I'm so glad we don't have a mortgage on this place, and never have.
    5
  18366. Your exactly correct on your analysis.
    5
  18367. Abso f’n lutely not! Too much neighbors peeking! Give me more privacy!
    5
  18368. average annual increase in the Federal/Municipal taxes =5.5% per year since 60 years!
    5
  18369. Michael, with every video, you talk about the unaffordable price of housing. You don't talk about solutions. Why? ... because I don't think that you're willing to face the draconian measures needed to make housing affordable. Housing must be a utility. Housing must not be an instrument of wealth. Housing must not be an asset to flip or rent for profit, not in the short nor long term. We live in the richest country in the history of the world. We can solve the housing problem. We can solve the homeless problem. This will require wholesale change, not incremental reform. The ingrained, predatory, crony-capitalist beliefs we have will only make housing worse, not better.
    5
  18370. Great collaboration video! I'm not from the U.S but watching closely how the bust will unfold. When U.S sneezes the world catches a cold. Our country might even get Pneumonia.
    5
  18371. Can you give the Northern California weather report the heat in South Florida is driving me effing nuts.
    5
  18372. $65k per month! $175k per month! 🤦‍♂️
    5
  18373. It is a super video you mentioned all the things I love. I am European too and I want to move to Miami as well however I hope the situation will get better soon and the visa restrictions will ease up :)
    5
  18374. I watch these videos for the scenic view. I feel like I got my morning walk.
    5
  18375. Venice Florida area
    5
  18376. FI4A (Flood Insurance For All)
    5
  18377. RIP
    5
  18378. That's a 12.16% annualized return on their $1M. Not bad but also nothing to really write home about. Now, if they'd bought $1M worth of Apple or Amazon in 1999, Katy bar the door!
    5
  18379. -37° with windchill here in Wyoming last night. (32 mph winds and -21°) I grew up in Fairbanks, Alaska and this was as cold as there. (Fairbanks was also -37° last night. And almost never has wind, so no wind chill.)
    5
  18380. Great video. Very informative since we are looking for a second home in FL. Now if only I had patience.
    5
  18381. Great information, as always, Michael! Tarpon Springs and areas nearby seem like a good possibility for those who want somewhat quick access to Tampa, St. Pete, and even Sarasota, as well as the Forgotten Coast, Panhandle, and going across to Jacksonville, St. Augustine, Daytona, and Orlando.
    5
  18382. Maybe that one about the elderly person financing a trailer in an over 55 yo community is a good strategy for that particular situation? Just saying.....Good video again. THX
    5
  18383. Florida Over priced
    5
  18384. I love the California vlogs. You should visit every Summer
    5
  18385. Clorox wipes.
    5
  18386. BEAUTIFUL PLACE, BUT BEACH LIFE IHERE N CALIFORNIA IS SO EXPENSIVE 💦🏄‍♀️
    5
  18387. The top was so obvious in March. It just took me a little too long to get ready and listed (May 13th). Demand is basically non-existent, so few showings over the last month, even in a hot California market.
    5
  18388. Yes someone mentioned about property tax, I would love to buy a home for 900,000, but because of the property taxes I can’t afford it. They should lower these damn property taxes. You could have the cash but you may not have the money to pay the taxes
    5
  18389. Brilliant video and I am so glad you touched that subject. I think you speak what on the hearts of many. My wife is about to fly to Florida to look for potential areas for us to live in. For the past year We watched houses nearly tripled in prices for the areas we originally want to live in. However, What Floridians don’t understand is that you live open and ‘restriction free’ place and for you it is normal, while some of northern states or European countries are living in nearly a 2 year of lockdown with very little sun or things to do. We are simply exhausted So for us, the price not such a factor because all we want is sun and freedom and we already live in an overpriced place. Therefore, I don’t there will be a crush as such but definitely a correction. The 1100 new immigrants a day to Florida will eventually slow down because ppl won’t be able to afford rents or houses but Florida is still a very high demand for many.
    5
  18390. License plate annual fee is definitely better than Wisconsin.
    5
  18391. Michael, if I type in a certain word the YT algorithm blocks my comment. Take the three words after this sentence I’ve capitalized and reverse the letters then type them into google, it will give you a clue to how they’re getting hired. CTOW SRI SEEGUFER.
    5
  18392. I know this video is mad old. .. but please Answer. Is it bad my friend wants to use this discover/chime account but is nervous about putting over 50,000 dollars on it. I didn't have answer so I'm asking. Is it bad to have over 50,000, 100,000 possibly a quarter million? Thanks bro!
    5
  18393. Recession won't happen if there is no mass unemployment. Unemployment won't happen if consumers still spend money. You mentioned in this video that people still travel and spend on services. How much of that spending is from their regular income or how much is from credit? I also heard companies hesitate to layoff since they just recovered from pandemic and from the great resignation. That's probably why the Unemployment number is still low.
    5
  18394. Illinois is the same way. If u don’t pay a tollway fee… they take it out of your Illinois state refund lolol
    5
  18395. Michael, what are your thoughts about Hillsborough county, Pinellas county, & Sarasota county area? In the past 2 years, that general area has had roughly a 40% increase in median home price. If prices only drop 10%, it still seems like the houses will be overpriced.
    5
  18396. All that money spent, for real estate to have to deal with that....!?
    5
  18397. If it is nice when you show the animals
    5
  18398. As you move away from the beaches in California you still have 1 million dollar shotgun houses and in Florida their $250000. I still like the white sand beaches over anything California has, Floridians can escape the humidity by going to Winnipeg for the summer
    5
  18399. Thank you, Michael, for your well-rounded analysis of the housing market - as well as the inflation situation. I love that you now speak outside! Fun. 🌈🌈 Enjoy your day! My husband works remotely and we're STILL looking. We may or may not buy. We're listening to your wisdom.
    5
  18400. I'm looking to move in a couple months. Thank you for posting this. Any advice?
    5
  18401. I love this video, Michael. Thank you for it. I started to smile when you mentioned home buyer's remorse due to the true nature of the neighborhood and thought yeah, that's me. I am avoiding making any rash decisions about my property by watching you and Travis, so I don't end up in a worse situation. I keep paying off my credit card debt and use my card only when I have too. Have a really good credit score going for me right now. I tried running the air conditioning only at night a couple times, unfortunately couldn't make it last long because my house seems to get really warm in the afternoon. I try to let it run long enough to cool off the house and then shut it off and turn it on when my house starts to feel warm. Oh, thank you for mentioning house flipping. Saw this around the time I first found your channel and thought about trying it someday, although definitely not now after watching this video. You have really nice eyes by the way.
    5
  18402. You forgot Boca Raton! it's beautiful out there. will move there soon
    5
  18403. He's the Sonny Crockett of real estate!
    5
  18404. first
    5
  18405. Love the sound of the surf.
    5
  18406. Every week (Friday)they call about my parents house. I pissed him off last night when he said he had a home buyer interested. Really? Because there are three houses on my block that have been on sale since December, I advise you position "this buyer" over there and gave him the addresses. He hung up on me 🤣🤣🤣😂😂😂
    5
  18407. FED intends to break housing and the job market. Job layoffs. Possiblity of ression in America and already in the Global economy. Arms are up, Bank of America eased lending requirements for first time buyers. Investors in housing who bought at the high are losing profit margins with Treasury bonds creeping up on those margins. The rich moving money out of volatile markets into the Bond market. Low savings across America. All time personal credit card dept. Predatory lending to consolidate credit dept is already happening. Subprime used car loans crashing. Once the chip and new car start to flood into the market people who bought both new and used will be upside down with their loans. I am sure I left something out? Even so this seems like a perfect storm.
    5
  18408. Be vigilant but patient. No impulse buying and stick with your gameplan.
    5
  18409. Other countries or people from other countries should not be allowed to buy houses or property in our country. You should have to live here for at least 10 years before you can own anything.
    5
  18410. Thanks for sharing your honest experience.
    5
  18411. I’ve been wanting to move for years, been in my current town 20 years and I have the itch to leave. But those golden handcuffs are so very sweet. 🤷🏻‍♂️ it would be easy to sell my home so many people moving here. Maybe in a few more years.
    5
  18412. They are making it pointless to be a landlord, which will worsen the crisis. They are actively trying to make it impossible to be a landlord. I live in a Brooklyn townhouse near Manhattan and my landlord just leaves two units empty at this point. He said it's too much work to get and keep a tenant now that you basically can't evict anyone
    5
  18413. I'm in Toronto and seeing multiple condos listed for less than or barely over what they sold for within the past 5 years.
    5
  18414. Great comparison Michael! Looking forward to hitting the beach in California soon! 😍
    5
  18415. If interest rates dip below 4% again I will 100% do everything I can to buy.. 7% is too high - unless you want to take a lower quality house.. now that everyone has the high quality home taste in their mouth, accepting anything less is not an option.. at 4% you can live in a 600k+ house in a great neighborhood for 3k/month or less..at 7% you have to lower your standards to a 400k house in a less desirable neighborhood to keep the mortgage low enough to justify the cost..
    5
  18416. Cali videos will be great!
    5
  18417. Really good video !....Patience is the prudent action right now.... R/E markets are so " out-of-wack" they need time to "revert to the mean".......The Art Market reminds me when the New York Stock Exchange securitized memberships...anyone could buy a "piece" of an NYSE seat. The price of a seat when from $55k in 1979 to $ 4m in 2006....Michael, when do you think the NYSE offered public participation?....in 2007 !!.....Just something to think about ! Thank you
    5
  18418. 63 hours? Earning how much? Because not everyone earns good money no matter how many hours.. Frankly my kids and I decided living together again to help each other. And we do not drink and go to clubs we buy only what we need and I do not go to shop around only when I need something..besides there is no law landlords do whatever
    5
  18419. Simple solution! As people we have more power than we think. Collectively we can force these greedy homeowners and builders to lower their prices, if we stop buying these over priced homes! Iam not saying they shouldn't make a profit but now it's ridiculous on how much homes are now! Let's be patient and force them to lower their prices! Work on getting your finances together and our time is coming to be homeowners! Oh and don't be afraid to relocate to another state if it makes sense!
    5
  18420. My favorite beach is isle verde beach in Puerto Rico ❤️🌴
    5
  18421. This rampant speculation happens in China and elsewhere in the world. Most of us have seen it all before.
    5
  18422. Seller's are giving up? Not in the hot markets their not. They are accommodating the adjustment in prices since June around 10-15%. This is not "giving up" but forced market economics. A long long long way to go before seller's are forced to give up. The real price drops haven't even started yet from the peak
    5
  18423. So what you save from not having a state tax you pay to flood insurance
    5
  18424. Are there any houses in Miami that’s priced close to the nations median home price, Michael? My guess is most of your viewers can’t afford the monthly payment on a multi-million house and would appreciate seeing houses that we may be able to afford.
    5
  18425. I do site work for neighborhoods in Central Florida and the builders are still pushing and building fast. Doing 4 phases of one neighborhood in Lakeland.
    5
  18426. they don't respond to hello in Miami? have you tried Hola?
    5
  18427.  @MichaelBordenaro  Sure, I think it will be helpful even if a few people look at the video but totally up to you. Thank you for reading my notes.
    5
  18428. I don't have the statement I paid off and closed them out but the Credit Card company First premier has 36.99%
    5
  18429. It's less expensive to maintain than major repairs, one does maintenance on one's vehicle, home , health ect ...... You can pay me now or pay me later ! Hint (pro tip) pay now with regular maintenance is less expensive than a major repair assuming it's repairable.
    5
  18430. Let all the 'rich' people move to Florida, so when there's a hurricane, they can afford to rebuild. LOL :face-blue-smiling:
    5
  18431. Please do a walking, and a driving tour of St. Augustine. If you are able to find the time. We were planning to go there. But then the pandemic happend, and scandinavians was not allowed into the us. Have been to Florida multiple times, but never to St. Augustine.
    5
  18432. So refreshing to hear this from a realtor, thank you
    5
  18433. I learn something in almost every video thank you for the good work.
    5
  18434. Thank you so much! I've been so interested in seeing this area.
    5
  18435. yes that reggaeton gets so old lol
    5
  18436. Thank you for the balance of information. Love to see your clips showing what some of the areas look like and what they have to offer. Missing the beach-y climate. I lived in the Sarasota area as a kid growing up. I spent my late 20’s in Hollywood/Pembroke Pines. Vacations to different areas of FL make me miss FL living. Hoping to make another (permanent) move south in the future. Upstate NY can’t offer the tropical beach climate. 😉 Keep the great videos coming, Michael!
    5
  18437. I’ve machine! Spanish Moss trees 👍🏻
    5
  18438. Good info
    5
  18439. woh, woh, who, michael! you can't just walk past that place with the big concrete blocks laid down instead of lawn and explain what the hell is going on!
    5
  18440. Average wage across this country is under 20 bucks a hour ….
    5
  18441. Michael...good day sir...where can I get a rental for a month or two down there in Miami??? Trying to escape the cold for a couple of months. $3k max per month
    5
  18442. I can definitely relate being in an industry that's completely saturated and highly competitive. I like to think that I'm a "home flipper" because I've done a couple here and there and did very well but being completely independent financially is difficult finding properties that the "big boys" haven't already snagged up. I feel like I should do something else at this point but not sure what. But you've given me a few ideas, maybe I can do some "how to" videos on YT and see where that takes me
    5
  18443. As an independent contractor, how do you get health insurance and how costly?
    5
  18444. No sponsors, please
    5
  18445. This is a great video! I stopped giving a shit what people think about me a long time ago. At the end of the day, you have to do what's best for you.
    5
  18446. I'm going to make your house payment, I'm going to pay for your college education, I'm going to shut the country down and pay you! Vote for me! Vote for me !!
    5
  18447. Really interesting to find properties like these.
    5
  18448. And they are going to be sqeezed alot more. Its safe to say the Federal Reserv has lost control of the ship and right now the banking system is in trouble. Meanwhile inflation is not retracting while fuel prices are again rising. Powell has created the perfect financial storm
    5
  18449. 1st
    5
  18450. I totally believe a study paid for by companies, LOL no bias there. Philip Morris told us cigarettes are good for you with study after study. Oh yeah sugar and corn syrup are great too.
    5
  18451. HOAs are going up Some cases are half the mortgage payment Over 50% of marriages end in divorce Live minimalist, Own rentals, Travel abroad If you ever get bored travel
    5
  18452. Phenomenal video, Michael! I actually REALLY understand what you are trying to convey. HOME is where the ❤ is. And grass isn't always greener. Basically, Count your Blessings.
    5
  18453. Another good one! Cheers …
    5
  18454. The Fed Fund rate must go higher than inflation, it has a long ways to still..
    5
  18455. You might be breaking even each month, but at 1.9% interest, you would still be paying down a lot on the principal.
    5
  18456. Another great video Michael. I really don't think people understand how huge this insurance problem is in Florida right now.
    5
  18457. Would like to see a price point of 200,000 dollars
    5
  18458. Michael, I really want to know why they don't have fences in FL, all backyards are wide open, no privacy.
    5
  18459. Makes Maddoff ook like Mary Poppins
    5
  18460. The solution to high prices is high prices. Home owner insurance demand is going to drop drastically. Insurance prices will drop over time due to slack demand. People really need to use insurance for true disaster recovery purposes and use a high deductible, say $5,000 or higher.
    5
  18461. Just sold mine in Dallas. Multiple offers and tons of showings. Got a buyer with 25% down and over asking price.
    5
  18462. paying off your variable interest rate credit card debt is the first priority in terms of finances/investing. i dont know what people are thinking who are buying cryptos and stocks while carrying large amounts of credit card debt
    5
  18463. I've been an investor. I'd rather see a buyers market.
    5
  18464. I’m glad rent is dropping. Tired of seeing people getting crushed by the cost of living.
    5
  18465. An absolutely FANTASTIC video, Michael! Perfect in every way. You are right...it is nice for you to just be able to walk peacefully and for us all to “walk with you” and hear all of the sounds of this area. Love this area! Nice open spaces for people to picnic during this strange time we find ourselves in.
    5
  18466. Nice video Mike, looks like your air is still clear down there , we have smog last 7 days Colorado . Adam mentioned something that was of great precipice for things to come . We already have complete consumer exhaustion and if we keep inflating rate after every crash like it’s just happened 2009-2020 with rates we will completely exhaust the aggregate inflation rate in 10 years max. There is the Harvard&KPMG study 71 that reflects that number very closely .
    5
  18467. Hey Michael ... I know how you feel. I've been through what you're feeling three times in my life! I could write a novel based on my life experience. But in short it went like this ... Southern California for 13 years. Moved away when I was 18 to Fort Lauderdale Florida for 12 years. (Did the whole beach thing, I lived through terrifying hurricane Andrew, heat+humidity, It was time to leave). Then back to California to San Francisco for 5 years. (Beautiful but expensive). Then the Pacific Northwest for 13 years. (Got stuck in an upside-down mortgage during The Great Recession of 2008. With 9 months of gray skies and torrential rain, I had to leave the state) and so recently I did. You might be thinking how I got courage, and motivation to uproot my life, say goodby to friends, family and everything familar and move multiple times? Well, It's careful planning, but mostly its responding to that strong feeling in our hearts that pulls us in a certain direction. After loosing both parents not too long ago I realized more than ever how precious and short life is. It is important to live life to the fullest without regrets or fear before we're to old or too scared to do live life. With planning you can follow your heart and dreams no matter what it is. Think about this ... How will you feel when you're 70 regretting that you never gave it a shot? If you don't like it after some time you can always move back, or move somewhere else. But if your gut is reeling, and your heart is puling you in a certain direction that's a sign from God, or the universe, or intuition, whatever you want to call it, that you got to give it a shot. Only YOU will know this. The thing is, you're still young and time is on your side. I say if it's what you want, GO FOR IT.
    5
  18468. anyone can make a fake lease in 5 minutes.
    5
  18469. Michael Bordenaro, your content has a special place in my heart
    5
  18470. Smart about being frugal my mistake was not being frugal in California
    5
  18471. Hard to be frugal in California!
    5
  18472. Old Eagles song lyric"Don`t come back here Yankee, but if you ever do, just bring more money All she wants to do is dance." Need to change it to bring your visa card! What do you have in your wallet! LOL
    5
  18473.  @MichaelBordenaro  Dating in florida sucks! Here you just need a yukon and a ride to the local gas station 😅
    5
  18474. Madoff 2.0
    5
  18475. More pain is coming.
    5
  18476. Mike, here in Pinellas it has flipped. Went to several open houses this weekend, nobody showing up. Sharp contrast to just a few months ago when they were packed and going pending within a couple days. We are getting follow up calls and emails from the realtors; wasn't happening before. Some realtors were honest and said it has completely shifted; that the cash offers have dried up and the retiree transplants have also mostly stopped. Flippers all but gone; too much uncertainty. However most people are pricing like it was still 6 months ago, so the homes are just sitting, and gradually coming down but not enough. Will take a while for the market to adjust. Even what closes today went into contact a month ago when it was different.
    5
  18477. Omg this video is on point. My realtor and lender just said those exact words. And that’s the reason why I’m getting a new realtor..
    5
  18478. When Michael Bordenaro snapped his fingers, he brought me back to reality!
    5
  18479. Florida is now the mecca for Fortune 500 companies, and it has clearly become the new Silicon Valley. That explains the higher prices. Nevertheless, Florida is still quite desirable for many compared to California. Appreciate your walk and talk from sunny Southern California and great that you are enjoying the weather compared to Florida. As a native of Laguna Beach, California, I finally left in 2022. 50 years ago the Sierra Club took over the State, so its decline was inevitable. We're witnessing a total collapse of a once beautiful state. It was easy for me to leave Laguna Beach, cashing out, of course. The taxes I paid over the years, I might add, were never worth living there. Most of my friends left long before me. I suppose, Michael, it's nice to be there as a "tourist". I love it here in South Carolina, and yes, even the sub-tropical weather is fantastic for me because the lack of rain in California is a growing problem as Sacramento makes the worst decisions. Anyone with a brain cell realizes what's happening. The California exodus is alarming, as so many wealthy take their tax monies with them. This does not seem to bother the politicians, however. Imagine, in just 3 years, we've seen the collapse of San Diego, San Francisco, Los Angeles. . . just amazing for so many of us.
    5
  18480. You had me until you said that there was some Salties in the bay? Everything else is the same up here in Virginia except the Manatees. Yes, we have Gators in the Great Dismal Swamp. I think Virginia may be more dangerous as far as animals than Florida LOL.
    5
  18481. Oceanfront+salt+rebar - major restoration on a regular basis. Buyer beware. Boy, the sale a year ago was good timing. Not good due diligence for the buyer.
    5
  18482. Hi Michael, crime can happen anywhere in any city. I feel safer here than in NYC. Been busy setting up my new life down here. Great to see you here and looking forward to the road trip video.
    5
  18483. MICHAEL FOR CONGRESS !😀you got my vote ! 🗳️🎉
    5
  18484. Florida when you consider the amount of land that can be developed is actually quite small . So it is becoming extremely expensive and overpopulated much quicker than Texas . The days of Florida being a cheap State to Retire are almost over .
    5
  18485. I don't think it will crash in "nominal" terms (ie in USD) just because of the non-stop money printing but it will crash in "real" terms (ie. measured in other hard commodities like gold/silver).
    5
  18486. ❤❤❤
    5
  18487. Nice video Micheal 😊 Your video explains what is really happening that the national news doesn't report.
    5
  18488. Some folks I have spoken with have done the following: 1) accelerated the payoff on their mortgages, 2) had contractors make their homes as windstorm proof as possible and 3) cancelled their homeowner's policy and, instead invested the money formerly used to pay the insurance premium so if/when storm damage occurs, they will have funds to pay for repairs. That fund must be considered untouchable. Borrowing to fund a wedding ceremony is just plain dumb; instead ask for monetary gifts that can be used to make that home down payment, or better still, pay off high interest debt. BTW, I am continually amazed at how many college students don't consider whether the college degree they are paying dearly for will actually impact their chances for getting a job that pays well. A degree in Art History? Well, good luck with all that.
    5
  18489. Beach Day!!! Yay!!!😎🌴Wish I was there! Thanks for bringing us along!!! We just got back from our Pacific Coast Highway road trip to So Cal from San Francisco.😃🌴The beach in Big Sur, Carmel, Newport and Huntington beach remind me of the Beautiful Miami Beach waters in color only because the water is freezing cold especially when the fog rolls in. So glad to hear you guys are coming to Cali!😎🌴
    5
  18490. Grocery prices are through the roof!
    5
  18491. For some companies yes the remote workers will be let go first. It depends on the company and departments. But likely the first people to be let go are low & middle management and those who are earning the most. I have seen this happen over and over working in corporate and in fortune 100 companies for past 20 years.
    5
  18492. hey at least car prices are now dropping
    5
  18493. Hey Michael I got a question for you? I've never had a bank account before and I'm looking to get one. What banks would you recommend?
    5
  18494. My brother told me about that, 16 years ago. Neat story.
    5
  18495. I've only had to make one mortgage and HOA payment on my townhome so far and hopefully my fees don't go up for a long time if at all. My car insurance is about $135 a month. We'll see how things play out for me over the next few months and years.
    5
  18496. So basically it is pointless to have insurance in Florida? I think car insurance in Florida works even worse.
    5
  18497. Do you stay in Miami beach? I'm in south beach and the crazy party goers drive me nuts when I want peace and quiet, Miami beach is beautiful but the people f**ks it up. I need to relocate to a better area
    5
  18498. Layout is awful
    5
  18499. Wet dinner, not a wet dream…hilarious!
    5
  18500. The infamous words "this is transitory" Lies from day one. BS from day one.
    5
  18501. 😉👍🤗✌️🇨🇺🙌More about San Agustín to seeeee😉
    5
  18502. OMG you crack me up with the leaf blowers!!!!!! It's trigger for me , that and MOWERS!!!!! I feel you!!!!
    5
  18503. STEVE needs to be on the payroll 😉 😂
    5
  18504. How do I find a honest real estate agent?
    5
  18505. Fomo is definitely back! I was supposed to drive up to central Florida tomorrow to see a house but the realtor texted me this morning that house was under contract, cash offer, over asking price with no contingencies
    5
  18506. You have always said that there wasn't a shortage of supply! BTW I agree with you 100% (I am certain you remember us talking about this before). Also people are spending and borrowing money to travel because the main stream and Government are telling them this is the greatest economy in 40 years. People are sheep and believe what they are told. I have sheltered up (not spending) like a hurricane is coming and going to try to make thru the recession.
    5
  18507. Ah yes the home warranty: 2-3 weeks for the initial appointment if it isn’t an emergency, if there is a part needed that gets ordered (6-8 wks) if it is even available, then once the part is in, appt made for repair (2-3 wks), if you are lucky the part fit and works, if not repeat. Usually a different repair person comes out at one of those appointments and messes up the paperwork so then you really do have to start over again. My friend’s dishwasher was like this for 6 months. One of the repair ppl said “nope it is shot, you need a new one, I will submit the paperwork. Can you believe that paperwork got lost and that repair person no longer works there? Yup, so another 3 months before it was repaired. Now she is fighting them about the refrigerator. This is how messed up these warranty companies are. They paid for a new compressor to be installed. Groceries that was equal to 3 frig/freezer full of food. Two weeks after the compressor was fixed then fan went out. Now they are back to the ice chests. The warranty companies drag out the repairs in hope that you will say this is ridiculous and you go and buy a new or have the repair done on your own dime. Same with all the home builder warranties that come with new homes.
    5
  18508. who ever hires you for buying property should be honored (due to your great brain!) :)
    5
  18509. Surprised you didn't mention how rude people are in Florida ..
    5
  18510. yeah, it got back to the same value as FIFTEEN YEARS AGO. Now what will it cost for new windows/hvac/roof/etc to be on the same standard as a new build? A house is not a house is not a house. 🙄
    5
  18511. Your channel is about to 🚀 excellent content!
    5
  18512. Nice video clip! You definitely hit it on the nail when it comes to St. Augustine, Fl.
    5
  18513. My mom lives in nowhere craptown Kansas and they just raised her property taxes to $5,600 a year.. she’s 80 and her home is nothing special..
    5
  18514. You’ll be interested to know as a foreigner that are reports and news are predicting Miami to be the second biggest city in the USA. As such I would expect that you will have the same thing happen as we have in Sydney that foreigners buy expensive properties and don’t rent them out (because the income is a big tax hassle) as a straight up currency hedge.
    5
  18515. You are so hilarious LOL LOL about the water temperature… Here in San Diego County, the water is always freezing… One of the things I really dislike about living here in addition to the cost of living and the inability to get away from crowds… Trying to get back home…fla
    5
  18516. Two Guys who offer great advice and free education, and yet, they still managed to find a hater or two.
    5
  18517. Hello again Michael, another thought provoking video. Great choice of location to shoot from Bro. Love the natural beauty of that place. I have said before the pandemic has changed everything in terms of where people can work, and coupled with the massive amount of people retiring, plus the high market, there are still people looking to sell and bug out to their desired location. You touched on something I think is huge that has fueled the migration south. Here in the DC Metro area the housing costs have always been high. Therefore, moving from this area to a less expensive area is a no brainer. Many folks that own their home like some potential retired folks can afford sell up here and buy in a traditionally less expensive warm place like Florida, Texas, Arizona, and Nevada for example. Plus depending on their desire, they have options of House or Condo. They can down grade or upgrade or keep the same level of amenities. Some of these individuals could be chasing location and still plan to work from their dream location. This is a huge part of the surge in the warm places one could work or retire. Plus, people in these types of positions could also seek the retirement friendly nature of some states that don't tax retirement income. So, i don't see the markets in these high demand areas changing much. Plus, as one administration moves out we always get an influx of people coming into the area, that fuels sales too along with all the other market forces. Moving to a less expensive area and a more retirement income tax friendly state has always been a part of my retirement plan. It just makes sense and other people are doing the same thing. This is real money that could go in the pocket instead of towards tax. People that understand how money works think how to keep more of their money.
    5
  18518. Makes me realize how spoiled we are in America. Most don’t even realize it...it’s funny how happiness is all in your head
    5
  18519. This is funny. On my cul de sac there are 4 young men living at home with their parents. It killed my neighbor’s AirBnB business because he moved into the garage that was being used for the STR.
    5
  18520. I am glad I watched this video. It made me feel better about being out bid on 3 houses here in SD. All three buyers went 100k over asking price. One of them went over 170k. When do you think would be a decent time to buy?
    5
  18521. Nice job!! One of your best videos ❤
    5
  18522. Those huge trees may be Baobab trees. They are from Africa and are medicinal.
    5
  18523.  @MichaelBordenaro  Those are kapok trees, which are in the baobab family. Kapoks have the same relationship to baobabs as lemons have to limes: both in the citrus family, but not exactly the same thing. Kapoks were first imported into Florida in the 1930s.
    5
  18524. This morning when I heard this news, I thought about you. I am glad you and your wife are ok. I remember in one of your videos you were talking about this area and saying that is more expensive area of Miami, so sad and tragic.
    5
  18525. I'm revenge moving to Florida in a few months. Something to do with a "friend" who ended up just being a dead-end friend/useless. I'm sick of deadbeat people who have bad social lives and scared of outdoors, have no friends, have no ambition, and have such massive predictability with them.
    5
  18526. Our HOA dues are jumping up by 100 bucks next year. 500$ WTF?🤯🤬That is close to what my mortgage payment is. I have to move outta FL.
    5
  18527. whats people’s thoughts on phoenix? people’s reasoning for no crash is, big corporations moving here, californians, and no inventory. i do agree this id a lot stacked up againts us locals. any other arizona locals have insight? thanks
    5
  18528. Totally agree but have you thought "they" might not want you to be savvy? if everyone lived off investments who is going to do the jobs to keep the economy going and pay the taxes and spend the money and get the loans etc etc.
    5
  18529. Those regional sales charts look whack cuz a home that was 250k three yrs ago is 750k+ now 😂
    5
  18530. Thank u! Like the walk and talk. Easyer to pickup what your saying. I like some small pauses when its heavy informativ. We see the same. Thanks allt again
    5
  18531.  @MichaelBordenaro  Thanks for the reply. Wouldn’t your highlight of the low inventory allow for this type of market? Not like buyers have much choice. You literally said put an offer first and think later.. 😅
    5
  18532. My sister's family who makes like 80k is now paying money towards a couple's tuition who make 240k. Criminal.
    5
  18533. Idc what the interest rate is, the prices have to be cut in half.
    5
  18534. Agreed Fort Myers is getting too crowded but… it comes down to jobs for the working man not the retirees
    5
  18535. Look at the buildings around you, look at the boats in almost every slip and every luxury house you walk by; that's why everything has gone to crap. The decadence and greed of two post war generations has decimated the middle class with their overspending or exorbitant wealth from just being born 60 years ago.
    5
  18536. This is good news. This will help bring the prices down and make it more affordable for people.
    5
  18537. There are groups that have been going around buying up all the properties. Some say it’s Wall Street, but I think it’s the Department of Defense. They might be planning on becoming the worlds largest landlord.
    5
  18538. Brilliant video and uncompromised honesty as always. It is funny because only yesterday I spoke with friends from UK and Israel showing them the cheap property prices around Miami, Boca, Delray, West Palm Beach and no one believed me how cheap the prices are compare to the UK and Tel Aviv. In the UK we are paying so much more to what we actually get so it is nice to see that in Floridians consider it to be overpriced. I guess the American dream is very much alive and kicking and hopefully soon I will be part of that dream. The ground water issue is definitely a concern I didn’t take into account and will have to do a proper research before coming over. thank you Michael...:-)
    5
  18539. So you are not moving to St. Augustin
    5
  18540. Great video. Our house payment is less than rental prices here in Florida. We could sell however we could not find a house anywhere else in the country for the price we paid for our home 2 years ago. We are trapped but there are worse places to be trapped. 😊
    5
  18541. That intro.. "where are we?" lol great stuff
    5
  18542. What??....hire thousands more cops? More attorneys? More jail space?
    5
  18543. rates will be in the 8's by end of summer
    5
  18544. Cut the prices in half and then we we'll talk you down another quarter....😊
    5
  18545. Yes Michael!! It's Ridiculous Here in San Francircus 🤡 Complete JOKE!!!💯If You Plan To Come Here For The Day YOU MUST SHOW YOUR PAPERS INDOORS AND MUZZLE AT ALL TIMES!!!😷🤡 We Now Live in KERENVILLE. Most Neighboring Counties Aren't Being That STUPID Yet! We Stay Out Of San Fran When We Go Out!!!😎🌴
    5
  18546.  @MichaelBordenaro  Great!!!😃I suggest staying out of Oakland!💯Pacifica, Half Moon Bay, Monterey, and Carmel are nice take the PCH!!!😎🌴
    5
  18547. Lived here for two years and still never seen an alligator 😂 I walk on trails in the woods a lot but I guess there just aren’t many up north here. But I have seen videos on my friends Snapchat of an alligator in a lake behind a big resort that’s across the street from the beach. I saw a 2 or 3 foot long black tip shark next to me in the beach a few weeks ago. Where I’m at you definitely see more animals in the water rather than on land. We also have lots of stray beach cats but I’ve never seen any rats. We also have armadillos!
    5
  18548. Thanks for the tours of The Villages. Very interesting lifestyle for the retired people that no longer want to drive a lot, however, still looking for an active community and social life.
    5
  18549.  @MichaelBordenaro  You're a real one Brother and we appreciate the commentary. But don't risk going out there if it's as unsafe as I've been seeing lately. Stay safe and keep up the good work! Love the channel...
    5
  18550. I'm not renewing my lease.. It went from $1470 to $1770 ....if I renew for another year....but if I go to a month to month...my monthly rent will be $2220... These owners are 🤪
    5
  18551. Check the zoning before renting as AirBNB. If it’s not allowed in your zone, the fines are steep.
    5
  18552. I think it would be wise if the seller still offered something to the buyers agent. It’s common sense that if they don’t then they won’t hardly get any interest in their house. Naturally. So whoever wants to really sell their house and not wait forever to sell it then you have to offer something. No one wants to work for free. Or for very little.
    5
  18553. With remote work backtracking, we will revert to the previous trend. House prices will increase in job centers, steady or drop elsewhere.
    5
  18554. It’s a new house build. The previous was likely the lot or a tear down. Facts matter
    5
  18555. Thanks for this Information Sir.
    5
  18556. Humidity only 60% lol. In AZ that's monsoon season which we are just coming out of. Usually it's 10% or less.
    5
  18557. Michael you forgot to change out of your briefs and put on a swimsuit. jk
    5
  18558. Thanks Michael for all you do, my concern is the cost of housing going up just in the last year!! I like the prices pre-Covid LOL!! Thanks again!
    5
  18559. You think that's bad? Get this: Did you know that if a squatter stays in your house for a long time, say, 15 to 20 years or longer, he could LEGALLY take your house! This happened to many people back in the late 1970's when they bought land in Florida to build a house on when they retire years later. When that day came, they went to look at their land only to find out someone had built a house on it (or put a shack on it) and claimed its their property. And since they were there for so long, all the neighbors around them acknoledge that they have lived there that long. So the law sided with the squatter and the real owner had paid for the land all that time for nothing. Property laws in this country must change. If you have the legal paperwork that proves you own the property, then it should not matter how long someone else occupy that land.
    5
  18560. They weren’t wrong… just liars!
    5
  18561. Great video. Chipley is the sticks. I have family there.
    5
  18562. Love the vids Michael! Being from Illinois I wish you would make a vid commenting on the outrageous property tax increases in southern Crook County!
    5
  18563. Much love brother thank you for the updates!!!!!
    5
  18564. Isn’t hospitality working at a hotel?
    5
  18565. And they all will be taking paycuts if remote work becomes permanent
    5
  18566. Under our apostle paul’s ministry,today we are only saved by BELIEVING The Gospel of Jesus Christ,1st Corinthians Chapter 15 verse 1-4.Jesus Christ died on the cross,was buried,and rose again on the third day.Jesus Christ Shed Blood is what saves you when you believe this plan of salvation with your heart.
    5
  18567. Bind the car. The price may be going down but the car payments are not back in the day. You paid $300 a month for a car today. Even with good credit, you're gonna pay $700 for a brand new car. And average car. That's a lot of money not to mention insurance which will bring it up to a $1000. You can rent a room for that. You're better for good. Use card. As tons of good use vehicles at there, I recommend you buy could use vehicle guys. That's what I did last week for years. More freedom.
    5
  18568. It is really simple housing market, if you own a house, sell now, if you need a house, rent....you cant outsmart all the external events which will happen, being mobile is your best chance to survive....
    5
  18569. I would like a video on the Tampa area or Pinellas county, please 😁
    5
  18570. Anyone who felt the need to correct you, clearly has no say at home, so they go out and correct folks.🥱Your videos ROCK!
    5
  18571. Miami over crowded, over priced, way overrated ...
    5
  18572. This is fantastic! Looking so forward to this...and that view behind you is beautiful. I'm in Ohio and it is SNOWING right now!
    5
  18573. AHHH,... THE SBFTARD 🤡
    5
  18574. It’s a good lifestyle. Lots of golfing and activities for retired people to stay active. I think people who choose to live there stay happier and healthier. It’s not extremely expensive either.
    5
  18575. My rent hasn't risen in two years and Costco goods aren't going up. Maybe Arizona is the exception.
    5
  18576. [3:43] "...I'm always a looking forward kind of guy. Yesterday's gone. Who cares what happened yesterday because the only thing that matters is what's happening right now and what might happen tomorrow. The only reason to pay attention to the past is to learn from it." 🤣
    5
  18577. Most Arizonans can't afford those homes, even with the slashed prices! Are builders stupid or greedy?
    5
  18578. An investor purchased a foreclosure across the street for $585,000 and now they are trying to sell it for $800,000. All they did was change out the flooring and repaint it. It still has the original furnace from 1971. They only sank about 30k into it if that. 1370sqft.
    5
  18579. It's much harder here in Ontario, Canada, to get a license. It took me 5 exams, and around 7 months of intensive study (and I passed all of my exams from the first trial, which many don't manage to pull and end up having much longer times to earn their license). However, despite all of this, we still have loads of "not-very-good" agents out there.
    5
  18580. These women need to step up and support these guys in the lifestyle they desire and stop being so dusty. If they’re broke, they just need to say so. Drizzle drizzle
    5
  18581. The condo era is over
    5
  18582. No mistakes in life -only lessons 💫
    5
  18583. Florida hands down! Warm, beautiful waters and nice sandy beaches, friendlier people, and by far more freedom (best governor in the US).
    5
  18584. Too bad that Canadian woman with the squatter isn't the daughter of an old-time NYC Mafia member. Somehow that squatter would disappear overnight, willingly or not.
    5
  18585. Thank u for posting this I have lived in Florida damn near my whole life 24 years and I agree all the list in the videos are from people that have never visited or just came to Disney or Miami and think they know anything about it down here this is a much better list
    5
  18586. I fell in love simply for that tree! Wow!!! I am not fond of cables/wires running in between the branches though. Nice neighborhood and a lot less busy than ours for sure.
    5
  18587. Great video Michael. My family is also considering a move in the near future and it's scary when you're established in your current area. You have a growing channel here and your real estate license so I'm sure you will land on your feet wherever you decide to move. Best of luck to you.
    5
  18588. In 2012 my father-in-law bought a house in St. Pete for $160,000. Zillow says it's worth over $500,000 now. That neighborhood is no longer affordable for most people.
    5
  18589. tax reassements happen every 4 years in most cities... this will happen everywhere. it is happening in Nashville and Charlotte right now. as you mentioned, then you get a triggered letter from insurer. ouch. this can be appealed successfully if you demonstrate that you paid less for your home. a price crash would solve this for many... definitely offsetting "locked in low interest rates" that people in last few years bought into. Bring the crash!
    5
  18590. We made the choice to move into a mobile we have so we wouldn't displace our 3 tenants renting from us. Now we live in the crappy place.. lol😅
    5
  18591. I’m in Hollywood FL and my wife’s friend is paying 3500. Per month for a house rental and they pay an additional 160 per month to maintain the landscaping. Wow! Worse than Boston!
    5
  18592. I had to pay 1,300 to register my car in Los Angeles. I seriously about shit in my pants at the DMV. I actually thought they were joking with me. I waited in line 4 hours then I find out this. I was so mad I started crying. I called my husband and chewed him out for wanting to move here. lol
    5
  18593. I'm not against remote work but also against it depending on the context: -Remote workers that relocated are the problem and should be outlawed -Remote workers who are within the vicinity of 2 hours from their office should be allowed.
    5
  18594. Yes, I am a baby boomer and paid into Social Security for 30 years! Now you say we will drain it? Yes, estimates say in 12 years we may only get 70%… they need to remove the SS cap. All income should be subject to SS tax! Maybe then we can save the system for future generations. I respectfully say, I am not draining the system I paid into!
    5
  18595. You seem to walk nice neighborhoods, Mike … why do people park cars on their lawns?
    5
  18596. thats a nice neighborhood your in
    5
  18597. The first house is still insanely overpriced.
    5
  18598. My mom is 87 we had a sales guy do a presentation for my mom 15’years ago. It was 50k for a long term care plan back then. I can’t imagine what one cost now. But yes if they have any kind of 401k or pension long term care will drain that sucker in no time with ins. Far as 401s if you invest 100$ a month beginning at 21 for 10 years into a Roth IRA or a good index fund for just 10 years and let it compound you’ll have like 1.5 million at 65. Nothing beats the power of time for compounding. GOD I wish I would’ve listened to people when I was young.
    5
  18599. i went to Miami last month mid february and went back again 2weeks ago. i went to hollywood beach and saw someone who looked like you in front of a house with 2 other people, i told my cousin i watch your videos and thought maybe is the guy from youtube 😄. if it was you then cool , if not then oh well 🤷🏻‍♀️😄👍🏽.
    5
  18600. Very nice. By any chance did you make it to Mexico Beach? I know they got crushed by Michael in 2018. Love your videos but I've come to realize that my plan to move to Florida in the next 3 years may never be reality due to housing affordability - renting or buying. Keep up the great work and I wish you well finding your next place to call home.
    5
  18601. I love your videos and have been watching your channel for a long time now. Everything you said would happen in the real estate market is happening. You are spot on! Thank you, Michael! Keep up the good work!
    5
  18602. Until houses drop 25% or more, they are not affordable. If mortgage rates will hit 8%-10% then homes will collapse in price and people can but and then refinance in 3-4 years when they fall back down. They will save $100K on the price of the home and over pay in interest, but that can be written off of your taxes. Once rates fall again in 3-4 years, the can refinance at a much lower rate. Until homes drop 25% or more, I would not buy.
    5
  18603. My pet peeve is when neighborhoods don't have sidewalks, they really need to add some by those houses, especially since the area is pretty dense
    5
  18604. Great video Michael. Just wanted to share with you my experience with you about my rental properties that I bought in 2011 when the housing market at the bottom. Owning rental properties is a real good investment but being a landlord is not fun. You really have to prepare yourself for dealing with some difficult tenants. You have to your due diligence and take time in selecting tenants. I have seen fake references, fake job references, fake previous addresses.... They could become a nightmare if you don't do your homework before renting your property. I sold all my rental properties last year when the market was at its peak and I might buy more investment properties again when home prices come down. But I would be much more careful this time when selecting a tenant. Trust me, it not easy to be a landlord.
    5
  18605. Same... Nothing against the old folks but....
    5
  18606. Sounds like online dating not as appealing in person 🤣 sorry I have a funny bone today!
    5
  18607. Yes, right to the point, with just enough detail.
    5
  18608. Love the private pool deck area that can be enjoyed while soaking in the sun and the Miami ambiance! I know where I would be!
    5
  18609. my question is - if a homeowner does not pay the HOA assessment for a couple months or even a year - can the HOA put a lien on the home
    5
  18610. Last boom agents did the same and lost everything
    5
  18611. CA is very beautiful, my home state I was born and raised in the foothills near Yosemite. Sadly I moved out of there 6 months ago for a better life/opportunity, one thing for sure though, I Don't Miss those gas prices⛽💰. Lol
    5
  18612.  @MichaelBordenaro  Smart move. I miss Malibu where I lived so much. But the freedom other states have to offer is much more appealing.
    5
  18613. Home prices in my neighborhood , NH up 67% in about 6 years. Real estate taxes for buyers will be nuts!
    5
  18614. Not only will remote workers be paid less, I’m willing to bet their promotion rates will be non-existent. Face time means a lot; if all you are is a disembodied voice on the phone or a talking head on Zoom, there’s no emotional attachment to you. You’re just a “contractor” - easy come, easy go.
    5
  18615. Your microphone is working fine sounds good.
    5
  18616. I lived in the bay area . Yes over populated and very high cost of living. And the minimum wage is very low . Sometimes across in my mind to move other states maybe in the future .
    5
  18617. You should just get a mobile home no association and rent or sell it when the housing market crashes and then buy a house that’s less expensive than what you’re going to lose if you buy at the top!
    5
  18618.  @MichaelBordenaro  don’t take me wrong, house isn’t bad, when I start watching a video I was expecting price of 300-350k lol. My guess, half of the price is going towards the area.
    5
  18619. All this talk about the impeding recession or possibly depression I been seeing on youtube and hearing about it in general. It APPEARS to be it's mostly a concern for people like Elon or big corps. They are the ones to feel it more than a REGULAR person like me. One thing to understand is that any recession or depression that DOES occur, it that NOT EVERYBODY will be affected by this recession. Because some jobs are recession proof. Like medical field or groceries and repair shops of all sorts etc.
    5
  18620. All good, ethical citizens--landlords and tenants--take heart: change is coming. The kind we can all support.
    5
  18621. Grant Cardone! Ha. He's such a charlatan.
    5
  18622. Thanks for the video, it's a great & valuable one! :)
    5
  18623. Watching from sonoma county ca. The market here is insane 750k buys you a 1200 Sq ft fixer
    5
  18624. The crazy thing is that in Oklahoma the prices went up like 25-30% but have only gone down a couple %. I guess people are migrating here and thinking wow look at the low home prices here. Maybe they won't go down very much more. Not good for me since i was saving money to buy houses here.
    5
  18625. 2012 my apartment was 450.00 they threw most people out and put rent up to 1000.00 new property owners. Now in texas most apartments are 1550-17001 bedroom
    5
  18626. One thing that you did not include in your 1981 house payment compared to today was the percentage of income that it took to make the payment. I know that incomes were a lot less in 1981 than they are today. I don't know what they were but that would be a good way to compare the two.
    5
  18627. She needs to enter the financial peace university by Dave Ramsey. Do the debt snowball and start living on beans and rice.
    5
  18628. Thank you Michael for sharing your thoughts about the market. Merry Christmas to you and your family,
    5
  18629. Thanks for the awesome video..it looks like asia countries many green trees..in asia these houses like this we have gates and fences around for security purposes..
    5
  18630. Cape Coral fl close to everything. Average house prices 325000.00 free fishing pier low crime
    5
  18631. I work for a company that makes capital equipment and we appear to be down 40% which isn't as bad as 2008 but it is comparable to other downturns.
    5
  18632. It’s not a great time to buy, own or rent because of the deteriorating situation of the global and domestic economies from a calamity of problems occurring. If you can manage living in a small space an can make do on less like the homeless people your going to survive the hardest of times.
    5
  18633. I'm not an expert, but I don't think the market has reached a tipping point yet. Not according to Ninja and a few others.
    5
  18634. I would not want my neighbors bringing in Tiny Homes and them living in them. It would ruin my property value. It transforms your residential neighborhood into a 'trailer park'....which is the same as a tiny home. It was the lady's own fault for not reading and following the zoning in the first place.
    5
  18635. I've seen that they've been able to put up some homeless people in hotels in LA temporarily but that's probably only going to last so long. Besides the cost, the other big problem is the lack of space. There's so many homeless people in such a concentrated area. You can't even go to Santa Monica without seeing homeless people literally everywhere. It makes me so sad that we're paying an arm and a leg for taxes and we can't even help those who need it most
    5
  18636. The FED has insisted that the housing market will need to be reset!!!! The housing affordability is the worst in decades!!! Either the household income is 60% up, or the house price is 50% down!!!!! The choice is clear!!!! " Don't fight the FED " !!!!!
    5
  18637. In australia government funds are a big target by organised people also the government wastes a lot also so why is this possible?
    5
  18638. St. Augustine is my favorite Florida city.
    5
  18639. We pay into social security to pay for immigrants, to pay for people who game the system.
    5
  18640. How are these Zillow Zestimates so high still? What are they based on? A 1000 square foot house behind my house that sold for 195,000 3 years ago has a “zestimate” of 353,000. It makes no sense at all based on square footage alone.
    5
  18641. Manhattan traffic is back to pre-Rona hell. It was good while it lasted.
    5
  18642. Nobody should be giving full price offers… buyers agents need to pressure the price down!
    5
  18643. Colorado is a big state - you don't need to choose Denver!
    5
  18644. move to Colombia, it is as safe as the USA or safer, and it is very inexpensive to live ... apartments, meat, restaurants, etc. All very affordable
    5
  18645. Renting gives you flexibility - you can pick one based on location, affordability, staying period etc. Buying locks you in a long-term commitment - worst thing is that you lose your job in a downturn and saddled with thousands of dollars monthly cost. If you sell, you may incur a loss after fees. If you rent out, the rent may not cover your cost. My son is in Austin with a good paying job. But giving the sky-high housing price, I hesitate lo let him buy as who knows how long he can keep his job there. A shabby house in an ok location costs 400k or more - adding utilities and maintenance it's $3k+/month. Renting a small one-bed is less than $1k.
    5
  18646. What is even worse is that most companies are buying using billions of dollars the government printed to help them at really low rates. Loans that families and individuals do not qualify for. So Big corporations can buy using easier money at lower interest rates, lower loan standards, and unlimited amount of money that taxpayers have to subsidize. I have seen business and corporations buying using SBA loans, PPP loans, and any other kind of moeny that was supposed to help people during the pandemic. Lol It's crazy !
    5
  18647. Just saw an MLS in Phoenix hit the market for $150,000 for a small one bed condo. Not bad until I see the sellar/ investor just bought it less than a month ago for $100,000 and no mention or sign of doing any upgrades. This is sad, that now most listings are marketed to investors instead of to owner occupant first time buyers and families. I hear kids ( ages 18-25) are also jumping in with ten thousand dollars playing the market like monopoly or some other game with no care or concern about price gorging or the families that are priced out of the market.
    5
  18648. I knew you could do it 😍😍 ^^
    5
  18649. I don't like it their is no stores nothing.
    5
  18650. Not all pep with low credit score are irresponsible. Some had health problems and had to close out credit cards To pay for medical to not to lose there eyesight. Never missed one payment ever. But I also would never buy a home the numbers don't add up for my benefit. Although the housing market is so out of wak for sure why anyone would buy.
    5
  18651. Keep the government out of it please...can you imagine the government forcing you to have strangers in your personal property.😳
    5
  18652. Everyone at our facility is being let go in the next 6 months. The economy is not just numbers. Keeping people employed should be a more visible statistic in the media.
    5
  18653. Dude I’m not letting some drug addict live in my house sorry it brings the danger with it every time
    5
  18654. Florida has changed, but still great for vacationing!
    5
  18655. Thanks for your videos. I love seeing Florida out and about. It looks so warm and tropical!
    5
  18656. My son is on his 4 extension on the contract. He was suppose to close almost a month ago. It seems the buyer is having all sorts of trouble.
    5
  18657. If you wait until you can afford a child to have one, youll never have them. When we had our 44 yr old daughter we were renting a trailor and pretty much had nothing.
    5
  18658. Our good fella here has served up another huge slice of the future pie. Wow. What a Neapolitan analysis. The Shed Whisperer. Way, way beyond the "pull no punches" guy. Thank you.
    5
  18659. Guess it means wealthy international investors are gone.
    5
  18660. Gen X here. Love working and all the various things I do, it's never boring. Don't see myself "retiring" unless forced for some unforeseen reason. Slowing down with a more flexible schedule, yes. But traveling around or playing golf all day? That sounds like a nightmare to me. I tried this twice and I'm just not built for it. I went batshit after about six months. I'll work to 100 if I can. Love this channel.
    5
  18661. I just spoke with a coworker of mine. He’s 28 and he lives with his parents. The difference is that he’s been saving his money to buy a house in the bay area. His parents are very supportive of him and his goals. I advised him from the very beginning when he started with our company 6 years ago “. Do you want to be an owner or a renter?” Fast forward to today he just stopped by and thanked me. He’s two years away from being well into a six figure income with no debt. It’s ok to stay home as long as you try to have something to show for it and not just hanging out and sponging off your parents.
    5
  18662. Hard truths. But accurate
    5
  18663. I’m watching Sanibel for a deal. There hasn’t been many listings since there is still no public access to the island. Sanibel had such a chill island vibe like much of Miami used to. They do need to build stronger structures this time around but fight to protect the character of Sanibel. I think what could happen in all of SW Florida where Ian impacted is once undamaged homes start hitting the market there will be fierce competition for them by people who lost their homes and have an insurance check ready to buy another home rather than go through the time and headaches of rebuilding.
    5
  18664. first
    5
  18665. I Saw These Tactics Big Time During the 1980-81 Collapes. Nothing New Under the Sun.
    5
  18666. All my clients were wealthy and lived in those kind of houses. Trust me when I tell you you would not be home most of the time. Much less during the yard time.,my clients spend most time in Europe and abroad.
    5
  18667. Boyle Heights is a scary neighborhood. My parents had an apartment complex in Eagle Rock. That area has been gentrified but not Boyle Heights. Gangland
    5
  18668. I'm sorry, but why do you need 9 bathrooms in your house? That's insane
    5
  18669. Thanks for the update!
    5
  18670. When everyone makes 85k a year, 85k isnt a lot of money. Its the median income. Thats the problem with California. People see high salaries but that always inflates the cost of everything. Its all make believe.
    5
  18671. Hey Michael great video as always, but I have to mention to which I’m not sure if you realize, Cleveland Ohio is a very good city , of course it has winter, and 4 great seasons, but if you like that it’s a great city, world-class healthcare, wonderful neighborhoods spread out all over, extremely good cultural scene, world-class symphony, one of the best library systems in the United States, pro sports, the metro park system located within the city limits itself is really nice, and the restaurant scene is top not also, all sitting on huge freshwater lake Erie. I live there part time and have a small condo on the lake in nearby inner ring Lakewood and it’s really a very enjoyable city and area. Price wise it’s reasonable to live in unlike so many other areas in the country which are basically crazy . Some really wonderful architecture located there too, the Museum of Arts is one of the best in the country also. Keep up the great work, you do a really good job on these videos
    5
  18672. Better duo than Hall n Oats
    5
  18673. OMG! Just talked to a guitar player who ordered a guitar processor ($700 each) and they sent 2! He said he wanted to send both back and they said just keep them and we will refund your money. You're absolutely on top of the news Michael.
    5
  18674. 1:46 The owner after 2 months August to October 2022 did a price change for $1. Going for the $12,900 to $12,899 car salesman technique. I'm sure that $1 was a sticking point for anyone that can afford 13k on rent! What is wrong with some people?
    5
  18675. Where exactly are actual housing prices going down? I'm talking about the sales price, not an over-zealous asking price. Cuts in asking prices mean virtually nothing to the market as a whole. There were asking price reductions in the crazy 2020-2021 market, yet prices still soared. Do you have specific evidence that any houses have sold for less than the previous sales price? Are any median prices coming down?
    5
  18676. Wear a hat Mike, got to be sun smart!
    5
  18677. back to 2019 prices? it will go a lot lower than that. this is a reset.
    5
  18678. Nice video, Michael. I am interested in The Villages. Have you been there?
    5
  18679. As far as the Villages, check out Newcomers Jerry and Linda on you tube. They live in the Villages and do a great job.
    5
  18680. The title of this video certainly is not breaking news. But it is a good reminder! Just another reason we will try a FSBO with our upcoming listing. Lucky we are in a strong Midwest market where inventory is low and home sales brisk.
    5
  18681. I have to comment because, well, I live here. I've always lived in cities. Born and raised and lived in the NYC area most of my life, then in Los Angeles. Flagler is a weird mix of people. It's mainly middle class boomer retirees from the Northeast. I would say that mix is around 70% conservative suburban types, and 30% old artsy hippie types. Add to that seasonal snowbird types from those same areas, and even some European travelers from Jan to May, then loads of local tourists that come in for the day or a week in the summer. The "run down" look I would argue is more "not developed". Run down implies that it's not maintained. It is, however there's no real attempt to cultivate an overall look. Eg. there are old and ugly commercial buildings across the st. from the Pier and coming in from the bridge. There are also some quaint buildings in and around. One odd feature is that the most attractive and charming houses are not along the beach but a block or more in. But yeah, there's nothing that gives Flagler Beach any distinct character other than no character. I think part of this is intentional and the locals are fine with the amount of attention that it gets. If you are a Gen X type, like me, it will probably have little to no appeal. Nothing punk rock or exciting here unless you like live, classic rock at a local bar, or attending a drum circle on the beach. There is no local art community showing their experimental films, or music scene, or theater group. If you ask anyone what their favorite independent band or movie is, you'll get back the most obvious reply. There's a reason I moved back to California twice, in the last 10 years. However I can say very honestly that at this point, I have zero interest in being anywhere else.
    5
  18682. My sales on Amazon are down 50+% this Christmas. The media, govt lies about the economy.
    5
  18683. They're fire hazards and expensive to insure.
    5
  18684. im still seeing many remote job listings and they are fille dup fast, many wfh jobs will stay wfh. Commercial office space leases are usually 5 years only so most companies will opt to not rent as much space if any at all and lets employees work from home
    5
  18685. Hello Michael 🌻 Some real good content . . You tell it like it is Much Appreciated 🌄
    5
  18686. I agree with every point you made on todays video. It's a good thing that you didn't spend $550k on a new home in my town of Spencerport NY, because if you did, your new assessment would be 550K, and your new tax bill would be $42 per 1,000 of assessed value, which brings your property tax bill to $23,100 a year. You could file for the STAR program which reduces that bill by $700 a year. Thanks for nothing New York State.
    5
  18687. Anyone who is a condo owner and does not take an active part in meetings and board functions is just asking for trouble. Whether board members are well-meaning but inept or just self-interested connivers, it does not matter. Boards need oversight all the time. When I was a condo owner and board member, I was appalled that we could never get more than about 25% of owners to show up or even proxy vote on anything, including condo fees.
    5
  18688. Thanks!
    5
  18689. Look up the definition of “household income”. It’s anyone that’s working and collecting a W2 or has unemployment benefits or disability payments… So your kids working at the car wash and the grocery store and grandma in the walk out basement are added up to get that “household number” they never and I mean NEVER talk about individual income anymore.. it’s the same or worse the last couple of years.
    5
  18690. Downtown Kansas City is similar to Midtown Miami.
    5
  18691. All I know is I'm never going to move to Florida can never afford I'll be living on the edge
    5
  18692. Your videos are great. A lot of education indeed.
    5
  18693. In the mid 80's I was in my mid 20's and we also had that savings and loans crisis that sent things topsy turvey and interest rates were so high I could not even think about buying a home.
    5
  18694. You have to look at the dew point. Usually if the dew point is above 70°, it means it's very humid. It's usually about 74° dew point in Miami Beach.
    5
  18695. You are such a cool guy man :)
    5
  18696. I watch because your a person of real reason common sense .. that’s a rarity today .
    5
  18697. Why shouldn’t it correct 30% over night , they went up 30% over night ? I understand what you are getting at but this time prices went insanely high . It has to correct before it can crash . Once the correction happens to realistic housing prices minus bitcoin/stimi influence then at that point we can now have a crash . Till then it is a correction from inflated to normal .
    5
  18698. B.O.A.T. = break out another thousand ....or in the case of those things more like another $10,000
    5
  18699. That's the nicest getho I ever see in my life.
    5
  18700. My mortgage rate at 3% go back to 6 years ago 🙏🙏🙏 . BTW love your content!!
    5
  18701. Man I thought my $7000 a year property taxes was bad.
    5
  18702. When covid was peaking it worked wonders as far as the absence of daily jam packed traffic circus in Miami
    5
  18703. It's very touching. Thanks for sharing. I see he has good taste in movies from the painting on the wall. LOL
    5
  18704. Michael, this is a very important topic, which I was aware of. Thanks for letting other people know about this.
    5
  18705. Way to go Michael. I have been support this channel for a long time
    5
  18706. If you want an idea about how many people are vulnerable to not making their payments check out the national mortgage data showing the range of credit scores, mortgage rates of costing loans, etc.
    5
  18707. I have a friend who lives on the beach in venice CA. FREE! No property taxes and catholic charities gets him his needles for free. Living the dream. He's from Central America. Loves it here.
    5
  18708. Don’t forget the implications associated with HOA fees
    5
  18709. Great desert view ! Who knew Utah looked like that ! Brave soul to be out there in snake country ! 😳
    5
  18710. As the song goes...I love you just the way you are!
    5
  18711.  @MichaelBordenaro  Until I see a codicil in real estate contracts indemnifying the lender against sea rise, I won't believe it is anything serious. I am an appraiser and I have never seen one.
    5
  18712. Happy Tuesday Michael!
    5
  18713. Its hard to tell what is real and what is not because its been the same news story every year for as long as ive lived here about 15 years. I suspect its too many people here at once. They are overwhelmed. I heard the mayor say that the entertainment district has to go. I doubt those businesses will go without a fight.
    5
  18714. there should be some legislations to limit these corporate investors from buying houses...and using it as investment vehicles...this is crazy.
    5
  18715. yes you are very good at helping us, you are the first to help us. thank you !!
    5
  18716. The real estate market in south Florida is crazy! I’ve inquired about a bunch of properties in Boca and they all went under contract within one day of listing.
    5
  18717.  @MichaelBordenaro  When my wife and I were in Aruba we'd be picking up stuff as we walked the beach, drives me nuts that people come for the beaches yet have no problem dropping stuff on them!
    5
  18718. You do a great job giving us updates on the Miami market, Michael. I lived in South Miami for years (in Pinecrest) and you present a microcosm of the greater real estate market we should all be aware of. However, I don't miss the hurricanes!
    5
  18719. Not sure why stats are not shown on EV sales? They have been going up consistently.
    5
  18720. West Palm? I've heard a lot of negatives about it, like traffic, expense, and even crime. I lived there in the 80s and it was beautiful, but it seems a lot different now. I like Lake Worth and Delray Beach, from what I've seen and heard, though. Any thoughts about those areas?
    5
  18721. I just wanted to throw this out there too. I used to live Lake Worth and Micheal Bordenaro is right to an extent. But don't forget the western section of Lakeworth (West of Turnpike) going away from I95. That areas beautiful. Low crime. Good schools. really quiet. But probably not really affordable. The closer toward 95 u get the more ghetto it gets. Some people get the misconseption at a glance and I understand why people say that. I said the same when I first moved there.
    5
  18722. Exactly why we are moving to Ocala!
    5
  18723. I 100% recommend for you to stop either in New Smyrna or Daytona and drive on the beach! New Smyrna is much of an older town and has a very cool nostalgia to it
    5
  18724. As a Brazilian living in southern CA, everything you are saying is true! SF is outrageously expensive and the amount of homelessness around is insane. Taxes are super high and job offers are dropping drastically within certain fields.
    5
  18725. I’m broke so these cheaper options make me feel less bad about my financial situation which I’m sure don’t apply for most people who can afford 300K or more
    5
  18726. I'm in N. FL, and State Farm still covers my rental house for less than $1K per year. But after 34 years of paying them for my homeowners' insurance and never making a claim, I dropped it and am self-insuring with the premium savings. ( I always had a big deductible, anyway.) I would never try that with an investment rental house, though.
    5
  18727. You can do a “whoopsie daisy” and mess pedestrians days up by soaking them 🤣🤣🤣 on a serious note walking up a bunch of flights of stairs in a cramped fire escape makes you appreciate what all those heroes went through on 9/11/01 in the World Trade Center towers
    5
  18728. That walkway and beach at the end was incredible, looks like a hidden gem since not many people were there
    5
  18729. Ssssshhhhhhhhhh, don't tell anyone or it won't be a "hidden gem" anymore.....
    5
  18730. PACNW is where its at. No sense going back to Florida.
    5
  18731. Good to see you on cqa with Brandon
    5
  18732. Stay safe brother!
    5
  18733. miami beach has had these problems since its inception they made everything to fucking low with bad to no drainage
    5
  18734. I need that Shade & A Tank Top...Let's Go!😎
    5
  18735. My first house was originally built by sears…yes sears. No insulation because it was a beach house. Big mistake. Took me a year to make it livable
    5
  18736. Wow. You're lucky you didn't break your foot, or worse! Looks like poor utility access panel design. We're glad you survived, Michael. I've been watching rental prices in my area (Palm Bay) over the last 5 months. At first prices went very high, but they weren't moving so the prices came back down....and I've seen the same homes, repriced from $2200 down to $2000, $1900 or less. I actually looked at a very nice house, redone interior, built in 2009, 2 car/3bd/2bth, double pain windows, nice area, sidewalks, rent for $1600. I called the realtor and chatter with her. At first she said perhaps she had priced it too low....then she later said the owner was glad someone was in it and paying rent. There are actually thousands of apartments nearing completion in this area.....and a LOT of new homes in process. I guess the question is....how long can an investor/owner site on an unoccupied property, waiting for top buck? Some owners are taking action and lowing their price to get cashflow now. That's what I'm seeing.
    5
  18737. Buying property in Florida is complicated. People need to make sure they have a knowledgeable and experienced realtor who is familiar with the kind of information you’re sharing or they could make a very expensive mistake. Thanks for sharing these videos!
    5
  18738. I don’t have a problem with your guitar/amp setup... you provide a lot of outdoor footage, so it’s all good. I’m in NYC and considering a move to Miami, so I find your channel very informative. 💪💪💪
    5
  18739. The parking violation issue in SF seems to be tied to a neighborhood fight over the property being used as a short term rental. I don’t know the details but doesn’t sound like the story is “San Francisco randomly cracks down on innocent family living in their primary home”. Just throwing that out there. Love the vids, keep em coming!
    5
  18740. Yes, I think this is true. I moved from the northeast to Miami Beach in 1990 when I was 25 y/o and lived in that area for ten years before job transfers moved me out of state and then eventually back to FL and through several different FL cities. Over the past several years, I've had short trips to Miami and had been thinking of retiring there in a couple of years. But, as I get closer to 60 y/o, I don't think I'd enjoy the action like I did when I was younger, and, now, think I prefer less congestion and hustle-bustle. So, it's looking like Miami Beach might be coming off my list as a potential FL retirement destination.
    5
  18741. We got over 200 homes in my county that banks foreclosed on in 2019. That have never been put on the market…. We are in a rural area . That’s just what a saw at auction s. … 1 bank bought them all. .. here in my county the housing market is false …. Not reality…
    5
  18742. I live in Fort Lauderdale. We did Miami spice yesterday. The service was nice but even with the special pricing, they threw in extra fees and no sides. It ended up being $40.00 more for our meal. Needless to say, I won’t be doing Miami Spice again. We’ve done Miami spice 3 times now. I could live without the fanciness because the food usually isn’t worth it lol! The microclimate aspect of California is very nice. It’s funny you say when you go in the water in south Florida is warm and it’s 100 degrees out already- too funny! It’s very true!
    5
  18743. Layoffs, RIFs , Right Sizing, furloughed past and future buzzwords.
    5
  18744. Is the aerial shot at the start of this video from the balcony of your rental condo? Looks great!
    5
  18745. me personally, I have only 2 major debts right now house and Jeep. Lease jeep and will just buy it out before lease is up and write them check, I work 60-65 hours a week from home, i am burned out but the $ is very good and I can say my family is taken care of very well and we dont struggle at all in life being in our 40s, was very different in early 30's.
    5
  18746. Hurricanes will be more frequent and more powerful going forward. Building codes need to be raised in order to combat these types of storms. Otherwise, Florida is doomed, especially coastal areas.
    5
  18747. I love Culver's!!! I like their pretzel bites and cheese 🧀
    5
  18748. Was going to sell house move to FL this yr but glad i didn't. Everyone's buying houses there makes fir more people more traffic and higher rates now. Its beautiful yes esp in winter but that heat and humidity is more brutal than ever and is lasting longer now. All my friends say that down there. So I'll just visit and vacation there instead. I hate winter but ill deal with it. Great videos
    5
  18749. Bad ass guitar solo!
    5
  18750. Thanks! Your insight and honesty is appreciated.
    5
  18751. I commend you for filming outdoors with the soggy week we've been having! Now that's dedication!
    5
  18752. At 17:00, had you looked to your left, you would have seen the Bee Gees' old recording studio. It's now a rental car place.
    5
  18753. Unless people start loosing jobs, I don't see many people selling. This is not a repeat of 2008. Sure SOME small amount of people will sell for reasons you gave, but I just don't see it happening in mass or enough to start a crash. I was going to sell but now the market is changing so I'm just going to wait it out until things settle.
    5
  18754. Michael, what are you seeing in land sales? Are the prices over-inflated on those too?
    5
  18755. Wow! Seems like you have adjusted your call on house prices!
    5
  18756. I plan on just using America as a place for vacation while living abroad.
    5
  18757. We shouldn't complain about losing freedoms because some people don't have freedom at all? That is a dumb argument. I am a Cuban who came on a boat in 1980 and I can tell you that America has been in decline for a while now.
    5
  18758. Blame the corporations who puts these plans together to get rich and never fix a thing until someone dies
    5
  18759. In 1986 my first 3 bedroom house rent was $300 a month. My house payment 2 years later was $448 on a $48k house = $161,280 over 30 years.
    5
  18760. This is not so simple. It depends on the business, type of work, and your pay. It also depends on the relationships you formulate at work. If you work and rarely talk to your managers and co-workers then you are likely someone they don't know and then they won't know you're worth. If you network and people know you and your work then folk feel they know you and the value of your work. This applies to in person and remote workers. If you are remote then you have to be deliberate about those interactions.
    5
  18761. You gotta build something before you can live comfortably in another country. You’ll need reliable income so you have to spend time in America working on your dream.
    5
  18762. Really like the fact that you’ve expanded your repertoire …very interesting show today Michael
    5
  18763. The Fed's PIVOT Is CANCELED: Fed Officials Say More Aggressive Rate Hikes Are Needed <---------- BOOM! Lena Petrova, CPA - Finance
    5
  18764. I remember when you had 10k subs
    5
  18765. Correction: from 5 to 7 is 40%, not 20%.
    5
  18766. 1st
    5
  18767. Michael you are right about the future of the housing and the economy. People will look back at this video in a year or two and you'll look like a genius. The only problem here is companies like zillow and redfin and national association of realtors are misleading everyone.
    5
  18768. Here in DC area you can barely afford a studio with under 60k and the only reason i was able to rent a one bedroom with 63k per year income is because i rented directly from an owner. I have no idea how actual low income earners survive in this area, my guess is several families per apartment.
    5
  18769. The employee retention program only covered retaining employees during the Pandemic period, not continually. Applications being phased out because Pandemic is over.
    5
  18770. Hard work physical or mental pays off. Thank you. Awesome video 😀
    5
  18771. If everything tracks as the models show this will be most powerful hurricane to hit Tampa in over 100 years.
    5
  18772. Glad you didn't miss Miami so we get to watch the rest of your journey, 40 videos sounds great! Thanks bro 😎
    5
  18773. You are 100% correct Michael! I'm a "High Park Fire" surviver, Northern Colorado Rockies, and what you describe will happen there (concerning the future of a disaster area) already happened here after a disaster. Good job stating the facts!
    5
  18774. Informative video, good to know more about living in FL.
    5
  18775. Here in Canada, the economy is in freefall and the government started to give out free money. Not much. But I can see it becoming universal basic income.
    5
  18776. Michael, great points about the insurance. I could write a freakin book about insurance. Back in 2007, we lost our San Diego home to wild fires. Total loss. When all was said and done, we needed to borrow another $200K to build a new house (which cost close to $1M). Afterwards, I started insuring my house (Coverage A - Dwelling) for the current full market value, which is about $1.9M now. Is that too much? Maybe, but I'd rather be safe than sorry (again). Most people don't fully understand how all of the sub-coverages (Coverage B, C, and D) are determined as a percentage of Coverage A. Check your policies people! Those areas are where you can get creamed. Most of that $200K shortfall was due to insufficient sub-coverages. And one thing I also did was raise my deductible to $2,500 dollars to keep the monthly premiums lower. What's $2,500 if you suffer a total or major loss? My premium for $1.9M dwelling coverage (and the increased limits for B, C and D) is less than $350/month. I'm not complaining.
    5
  18777.  @MichaelBordenaro  yes. I hope they find people in that condo that collapsed.
    5
  18778. Majority of people have been living paycheck to paycheck for decades. They just used to be good at hiding it, now you can’t.
    5
  18779. If I lived in the Champlain north building, I would move until they find the reason of the collapse.
    5
  18780. Home ownership is a sham, you might on that building, but you’re never going to own the land. The US government owns that land. And you better pay that property tax or they’re coming for it. That’s what scares me an old age and I’ll probably be paying the same an insurance and property tax in Florida as I would be paying in rent. I love all these people think that in retirement that they’re going to be debt-free, no, you’re still gonna have $2000 worth of taxes/insurance to pay every month.
    5
  18781. Totally enjoying your take on the market. I'm a broker in Oregon. We have very low inventory. Put in offer the other day. There were 21 offers. On the plus side, sold a listing to a family of five last month. They'd been looking for over a year. Seller was delighted in her family choice over investor cash offer. You're absolutely spot on. That's the right thing to do.
    5
  18782. Ok great, I'm ready! So when are the boarders opening up? lol
    5
  18783. Your sunglasses are cool.
    5
  18784. THANKS MICHAEL, I ENJOY YOUR CHANNEL BROTHER 😃👍🌴
    5
  18785. We are looking at moving into a new rental. Rental rates are starting to have price reductions so we are going to try and negotiate a lower rate.
    5
  18786. Current homeowners who don't have a mortgage will also face the increase in their property taxes in the coming year(s) depending on when the county assessor reassess their properties. When home prices rise, the counties are quick to raise them, but when prices drop, the homeowners typically would need to show comps to justify their claim that the market value is actually lower than the assessed value.
    5
  18787. I thought of you as soon as I heard the news. This reeks of criminality. I am glad you and your loved ones are okay. Prayers to all.
    5
  18788. I had to get rid of my beautiful garden because the new property manager was trying to make a name for herself.
    5
  18789. Love your videos. Keep the good content and information flowing! 👊🏾
    5
  18790. hi michael, i want to move to florida and i also want to be a real estate agent. i currently live in washington state, can i take an online 63 hour course and then take the florida exam all from washington state? i really want to move to miami.
    5
  18791. Your rocking that new hair!!
    5
  18792. I just opened up a store selling only Scotch Tape in my local mall called, Only Tape. We are booming!
    5
  18793. Michael,...I know this is a bit off subject,..but,.....If a neighbor sees a ''for sale'' sign in your yard in Kansas,.Missouri,.Indiana,etc,etc,...they ask you ''where are you moving to'',.....if you are in California, Florida, New York, etc, etc your neighbor asks ''how much are you selling it for ''?
    5
  18794. me too in march
    5
  18795. Michael!! You da man! Great to see you hanging out with your dad! Good show brother! 👍😂
    5
  18796. The people are right but the government will not allow it to crash hard.
    5
  18797. Happy Birthday Michael🎂🎁🎉🥳Wishing you a great Birthday and many more. Enjoy your day.
    5
  18798. We attack big oil...gas is up 300% since 1982. Property taxes are up 1500% in that time. Insurance is up 1600%. What shiny metal object is being waved today? ESG, DEI, climate, red meat, ... government is sitting pretty good on their 1500% raise and convincing you big oil is the problem, not them.
    5
  18799. Florida native here. Consider the fact that the majority of insurance companies have fled and coverage costs and requirements has more than tripped. It’s not the “Free” & cheaper escape full of 🌴 & beaches that some like to believe it is
    5
  18800. Ouch, what a hike! The problem is, of course, that there is nowhere to hide from these price increases because if you decide you aren't going to buy a condo or a house but rent instead, then the building you will be renting in is going to be hit with the same increases and that will translate into higher rents. The only thing you can really do is litterally downsize your expectations.
    5
  18801. With tighter standards that may mean less buyers at every price point. That could be very good for the few qualified buyers
    5
  18802. What a pretty little area.💕
    5
  18803. Most of these houses are simple in design. I was most struck by the last house featured. Especially that unusual bathroom (jetted tub and hidden shower around the corner) and the large covered patio. It looks like that patio features tracks for maybe a closable wall to protect the pool table and other stuff during a storm. Not to mention a full screen over the pool deck. Very distinctive features for a nice price.
    5
  18804. I appreciate you telling us the truth !!
    5
  18805. I lived in Daytona Beach for years, Michael, and I wouldn't say Flagler was for "older" people, or mostly inhabited by them. That being said, I'd agree that the town would serve itself well by sprucing itself up a bit.
    5
  18806. I am a California resident, have been for a very long time. I'm at retirement age and my wife and I went through the turmoil of deciding to leave or stay. It's cheaper if we leave and go somewhere else like Nevada, Idaho or Arizona, but there is no place else like California, the weather, the natural beauty. I don't think I could deal living in LA or San Francisco, just to filthy and dangerous. There are many places in California where housing is very reasonable, you just have to get out of LA and San Francisco. I do a lot of outdoor things like, hiking, backpacking, landscape photography, mountains, ocean, desert, ocean and rivers. I'm like you, i can't stand the heat, especially humid heat. We are looking at property in the Central Coast (San Luis Obispo) as well as Thousand Oaks, about 1 hour north of LA. Listings are still high but they are dropping. I was eager to leave Cali but then realized all these things I enjoyed doing, there is no other place that would provide me with these great opportunities.. Good luck to you, it's a tough decision.
    5
  18807. Primary residence appears to be an expense rather than an asset unless one gets lucky to buy it low and the area appreciates
    5
  18808. Hi Michael, I really enjoy listening to you on my rides to work and back. 😊
    5
  18809. "Affordable housing" is code words for welfare state. No one is owed a house. You need to work hard and save your money to get one. Stop buying or using cell phones and designer clothing some time. Go to Trade school and not college. You will be surprised how much money you save and earn.
    5
  18810. It’s not often easy to for most people to “just save money.” If you’re a thirty-something couple (or a single parent) with kids, making a middle-class (or less) income, it’s often extremely difficult to have money left over after basic expenses. There’s nothing left for savings. Everything these folks spend for necessities for children could be available for savings if they didn’t have kids, but the fact is most thirty-somethings do have kids. However, I think most would say it’s definitely worth it for them to have children.
    5
  18811. Cheaper insurance is not always better.i would rather pay more to be fully covered.a family friend had a fire 5 years ago and she had partial insurance they only covered the structure of the house but everything inside she had to replace out of her pocket took her 3 years to redo everything.also I got into a car accident and cost the company $20k just for my car and still upcoming cost for my injury settlement I was hit by a driver being rear ended.her insurance paid it but it’s a good thing she had a high liability or she’ll have to pay out of pocket that’s why cheaper isn’t always better
    5
  18812. It's absolutely insane how much more the price is between the map view and the checkout page. I'm not spending $250 to stay in someone's spare room no matter how comfy the bed is!
    5
  18813. You Nailed it, there’s no question debt is skyrocketing. Deals are coming but have to wait it out.. You should get one of those rechargeable scooters to get around on! Thanks for the informative videos!
    5
  18814. At exactly 15:15 there’s a sign in the lower left corner of the screen, Blowing Rocks Preserve. The beach has these huge coral formations you can climb all over and during high tide the water rushing in blows out the top through all the holes in the coral, making a whirling sound and putting on a great show. Unfortunately, right there is where you also advanced the video forward to another spot so we didn’t see the parking area, but there’s one there that holds about 20-30 cars.
    5
  18815. I like the idea of you guys staying for a few days in different places and really reporting on each place with several videos dedicated to each area. You can always go to the other places later, but in depth exploration and reporting would be great! Plus, with your personality, I think a slower pace and a few days in each place would feel more comfortable to you. Great videos! Love this travel series!
    5
  18816. My town! I've lived here for nearly 20 years now. You summed it up very well! That bike path actually goes through the whole county - I've ridden every mile of it! Great video! I really enjoy your video tours of Florida.
    5
  18817. Hurricane Matthew, Irma, Michael this stuff is nearly annual type of events. I will rent only even if I return back to Florida from Virginia one day. Let the landlord have the risks related to natural disaster events and home insurance stuff
    5
  18818. This is why homebuyers who really wanted to buy right now should get their finances in order first before risking going in, or else they're playing with fire. Excellent insight and update!
    5
  18819. Ian's destruction is much worse, combined with increasing inflation, another interest rate increase coming... Those values will fall like a stone. I suspect that area will fall 40%.
    5
  18820. I often wonder how these experts figure out their numbers. Do they think that wage growth will be high? Maybe inventory will still stay low? I'm with you Michael that the prices will go down a lot farther. If they don't go down enough then homes either won't sell or more people will get in over their heads. It's going to be a very interesting few years ahead.
    5
  18821. I miss your "The Time is Now" or something like that, sign, Michael. It really reminded me of being more present. LOL
    5
  18822. Everyone needs to remember that falling home prices are really not a big deal. If you purchased a house for $400k and now it is worth $300k... yeah, it sucks. But you are going to buy another house for $300k - not $400k. Interest rates are up, but we did not lose $100,000. Its okay to move in down markets. While our current home is worth less, so is every other house we are looking at.
    5
  18823. Michael i’ve just stumbled onto your channel and you’re on point with so many of the things I’ve watched. Kudos.👍
    5
  18824. Keep up the good work
    5
  18825. That's so cool to run into people who watch your show!
    5
  18826. Hi Michael, i love your channel, and your videos are very useful and i want to thank you for that. I am a construction professional working in New York and living in New Jersey, i was born in Texas but raised overseas in Lebanon which has a beach stretching the entire country and i have always been drawn to the beach and the warm weather. My wife will hopefully come to the states soon, but I’m pretty sure she won’t like New York..i hate it myself! Very dirty, crazy people, insane work hours, and mind blowing real estate prices. I am planning to make a move to Florida soon, preferably Miami, and would like to know what areas have alot of construction happening around them and also what neighborhoods are suitable for a young professional couple that like to enjoy life. i know that alot of people retire in Florida and I don’t want to end up in a building or neighborhood with more seniors than young professionals . I want to explore property purchasing options as well and would like to get your advice. Thank you
    5
  18827. I love riding along! I like all the different types of videos you make in FL. Keep them coming!
    5
  18828. Starting to hear the $20/hr. minimum wage drumbeat. Cost-push inflation.
    5
  18829. Love the content keep em coming...very informative...glad i listened to yt folks like yourself looking for next rental...bought one last year and asked for a price with inflation of 15% and they caved ...winning and not underwater
    5
  18830. The double the purchase price for list price is a FL con...they think they can draw a sucker w 30% below list bid lol
    5
  18831. How do you cover medical expenses? Is health insurance available for a reasonable cost in FLORIDA?
    5
  18832. Can you give me a list of cities that are the most affordable in central Florida?
    5
  18833. My brother is an architect in Venice Florida and is extremely busy doing house revisions. People are spending so much money making changes in their houses. They are are not selling their homes. They are investing $$$$ for newer kitchens and bathrooms. They are not moving !!!
    5
  18834. people buy houses because its a sign of wealth. its really not that hard to understand. also a wife wants a house, not a rental. what would she tell her friends if she rents and all her friends own?
    5
  18835. Homes 🏠 are super overpriced now. Not good who can afford this prices ?
    5
  18836. I think people are starting to wake up and realize you're not going to make a million if no one has a million. Period.
    5
  18837. Another eye-opening video. I hope you do another video that expands on assumable mortgages. Thank you.
    5
  18838. What didn't you like about Panama city? Just curious I'm not from there. I'm in Minnesota actually
    5
  18839. Sadly the Fed is going to restart QE next year. Interest rates are going to be down yet again. The question is whether the real estate bubble will inflate at the moment the Fed pumps again, or will inflation hit like in the 1970's when you could buy homes in the neighborhood you are in for 30-50k
    5
  18840. Michael, How and why did Florida Governor De Santis allow the insurance industry to charge the ridiculously high rates there? Im sure he's not as popular there now after that and his unsuccessful Presidential run.
    5
  18841. I lived here from 1988 or 1987 too 2007 . im in Savannah Ga The doctors in Ocala are not too great .
    5
  18842. Dude. I totally love Coquina Beach -- just over the bridge to the south of Long Boat Key.
    5
  18843. Never been to Venice Beach in my 30-plus years in South Florida. Looks beautiful. That food look great too. We have those little free libraries all over the place in this area of South Florida. I can see where Michael gets his looks, Grandpa's a handsome dude!
    5
  18844. What is happening in miami? Developers want it to be an enclave for the very wealthy. Everyone else not welcome and priced out. And all the local politicians who claim to care so much about people are just letting it happen.
    5
  18845. Great video as always. I watched you with Travis. Another great video. I can see why people want to live in Miami, the views that you show are breathtaking. Thank you for all that you do for us ❤️
    5
  18846. Finally a real human with feelings! Could you run for President 🤔 l love the tax credit incentive—Brilliant 💡BB
    5
  18847. Thanks for this video. I'm coming down from Missouri so this was helpful. Great point on the road trips thing. I have been able to go to so many different places with ease from missouri.
    5
  18848. I can’t believe there are still SUCKER buyers out there. Why are you empowering the seller. Big mistake you will be sorry. Please don’t bring up rental prices because you will not be renting for the next 30 years. For the smart buyer don’t buy anything right now. Specially in the South Florida market.
    5
  18849. Thanks for the video Michael. You actually covered a lot of ground so good work . It is too bad you could not check out the Jax beach areas particularly Ponta Vedra but at least you got to see Clearwater and Fort Myers.
    5
  18850. Higher interest rates will help retirees who live off of interest. However, it could hurt the stock market, since many retirees would rather be in a fixed-income instrument than in the stock market, now they will move their money out of the stock market and into CDs
    5
  18851. The reason raising interest rates haven’t worked is this administration refuses to stop spending record amounts of money
    5
  18852. Thanks for the reminder. I was just having the conversation with my friend last night saying it's ok to have different careers at different points in your life. You're not obligated to do the same job forever.
    5
  18853. None of us wanna sell with our 2.65% interest rate. 7% with these prices is insane. I would wait if i was a buyer...hoping for a housing reset
    5
  18854. Great video!! Back in 80s Fed did same. Eased up on rates and inflation came right back again. Same will happen this year and Fed will have to raise rates further. Home prices and core CPI are still ridiculously high.
    5
  18855. My HOA is $50 a month it’s been like this for the past 5 years and it hasn’t gone up. We have single family brand new home, swimming pool, gym, kid play, club house and tennis court.
    5
  18856. retail yes but restaurants no. they are packed lines around the block with standing room only. things are going great where I live. NO walmart for me. sorry but we are lucky to not have any down turn.
    5
  18857. Very useful video. We have been thinking about Fort Myers . Thanks
    5
  18858. We have the grossest domestic product,🤗😁👌.fake numbers
    5
  18859. Hi Michael this very concern has flipped my retirement income thoughts upside-down. What about just using rental properties as AirBnB's?
    5
  18860. Greetings from Brooklyn, NY. Can you do a video about the best public elementary and middle schools in Miami.? Thanks, great content, and please say hello to all the Brooklynites who are moving to Miami
    5
  18861. I never had a line of credit in my business. Businesses that need a line of credit to stay open are bad businesses.
    5
  18862. Lived in Tampa 15 years. Glad to be out of there. Now living in Tallahassee area and I love it. North FL so much nicer for me and my family. If you're a beach person it might not be for you unless you go to Panama City or Destin.
    5
  18863. HOLD ON: ,,, 🤔,,, your avoiding your self interest in selling Gold 🤣. Can't sell Gold if your telling everyone the housing market will be great. Not saying your wrong about the market but it's in your own self-interest to over state how bad things will be
    5
  18864. WOW, I know those Days I grew up in Rockford, IL when Belvidere was becoming established do to the Chrysler Plant.
    5
  18865. The only thing that keeps me motivated rn in Chicago is the fact that I am going to move to Florida soon 😁😁
    5
  18866. 27:14 Mike, you nailed it when you said 'we can all think for ourselves". It is so important, that people analyze their own 'unique' situation and devise a plan to ride this wave. I see some tough times, ahead of us. Save as much money as you can, get rid of all the unnecessary expenses. Make sure you have a reliable vehicle, better yet, if its paid off, start a side hustle or get a part time job. Have a plan B and a plan C and plan D. The idea is that people should be weary of what's going on around them and not get caught off guard.
    5
  18867. I clicked when I saw your hair! Stayed for the subject. I lived in South Beach at the tail end of its Renaissance in the mid to late '90's. It was a fabulous time. It was still bohemian , yet chic. Fashion shoots on the beach, well known celebs mingled with locals. It attracted the artsy and the beautiful. Then Will Smith made that song and killed it! All the people that made it fabulous were made unsafe and pushed out. Big chain stores, condos and the wrong element started hanging around. Still has its allure though it lost its reputation.
    5
  18868. Thank you - super helpful - I also love Venice Beach for a smaller town feeling 💚🌴 can't wait to move to FL !!!!!!!!
    5
  18869. FED was to slow to raise rates after 15 years of easy money . Janet yelling spooked e after less than 100 basis point raise. She did a pivot. It's been too long ,now the FED is at a pickle between the economy or bank failures. Either way JP will lose. Americans will get hit with irresponsible leverage and easy money.
    5
  18870. Hello Michael, Thanks for the list. It's amazing to see how the real estate prices gone up in FL, example you mentioned St. Petersburg 29%. Would it make sense to wait out for a year or two if there's correction? I know, one can't predict. But what would you do if you have the option to wait out... just curious. Thank you, Shailen
    5
  18871. You might consider buying in a less settled, less busy part of Florida. You're still in the State, get to take advantage of being free and happy, and are still within an hour's drive of a beach somewhere. Just a thought.
    5
  18872. Was very fortunate to have grown up here. A great place. Gulf Seafood is the menu often. Laid back not a rat race. Everyone walks slow and talks slow. We think you are a Yankee is you live north of interstate 10 . Good luck Brethren
    5
  18873. That was a very interesting history lesson about that hotel! I've only been in it once which I believe was the time I came down with Becky and her daughters. We went there to watch a magic show which was an awesome show and then we walked around there just to see the place and it was such a beautiful hotel! It's such a shame that it ended up like this but I hope what you said about them rebuilding it actually happens too!
    5
  18874. FL is just too risky to invest in. Hurricanes, seaside/surf damage, insurance fraud. I personally wouldn't touch it. Its just one more headache you don't need.
    5
  18875. Looks wonderful. I appreciate the love for the turtles 🐢. Wish I was there 😌
    5
  18876. I think we can agree that mortgages have been too easy for too long. Let's get back to a 20% down payment requirement.
    5
  18877. Thank you Michael 👍🏻. I appreciate all the time and effort you put into bringing these walking tours to us. I enjoy every one of them
    5
  18878. when they removed the ability to not have to see commercials on twitch and their video streaming service they killed the only reason i'd buy membership I hear peoples videos were crashing they jammed in so many ads yeah I know I can pay extra for add blocking but im not paying for prime and then another service on top of that they can jam it up their ass.
    5
  18879. For those who may think these mortgage companies need to be reined in with more restrictive laws, when that's in the wind, you'll see even more political contributions to the local and federal lawmakers. They're not going to sit still and lose even more money.
    5
  18880. I deliver to some marinas and a couple of boats have caught fire… hmmm makes u wonder if ppl are getting tired of making those boat payments 🤔🤫🫢
    5
  18881. Sellers have never been forced to pay a certain amount to buyer's agents. This is a misnomer. Many homes are listed with very very small commissions for buyer's agents. If sellers think it is a good idea not to compensate buyer's agents, wait until they see how hard it is to sell their homes without buyer's agents.
    5
  18882. I'm waiting on prices
    5
  18883. i am glad you are ok my friend. Stay safe.
    5
  18884. You have made one of the best decision of your life.. moving to sun shine state ... happy for you Michael 😀✌️🌞..
    5
  18885. From seeing your videos and when I went there once, Miami is such a beautiful place it’s amazing. But haters will hate because they are mentally ill and miserable that’s how I see it. Keep up the good work Michael, I can’t wait your channel reach 1 million plus subscribers and you can spend your time traveling even across the world to show us how this planet is a beautiful place after all. I’m putting it out in the universe for you and me Michael 😇
    5
  18886. One of your videos, off the cuff, is recording all the other people making videos. South Florida has turned into the NE. I am moving north (Florida).
    5
  18887. Everyone freaking lies, it is always 'bait and switch." People lure you in, then offer something different, then gaslight you into thinking you are crazy.
    5
  18888. I see a housing crash coming in 2022/2023
    5
  18889. Fake porn?! What?.... this is an amazing channel for financial/ food for thought in real time! That is what I want. Real time, real world information and situations. The real world is super scary place. I am grateful for this information to prepare, think about or look out for. Bonus the beautiful Miami
    5
  18890. Spot on! Nobody EVER taught/told me anything about money matters. Parents, school, nothing. Had to figure it out on my own through trial and error. Finance/budgeting along with basic mechanics should be in every curriculum replacing all the woke CRT bull 💩
    5
  18891. Thanks very much for this video! You definitely gave me a feel for what it's like to be there in February!
    5
  18892. So true!! Same can be said in San Antonio. Not as extreme in Miami......FOMO and LOW LOW rates, greed, and human nature got the better of us.
    5
  18893.  @MichaelBordenaro  Lol. Wear sunscreen Michael! And yes just visiting California seems like to be the best solution.
    5
  18894. None in my area
    5
  18895. Your walk and talk adventures are informative, visual and fun. Relaxing now after shoveling the driveway of heavy wet snow. LOL
    5
  18896. Careful how you say Smyrna… I know your Illinois accent, I’ve got downstate Cherry Valley accent too but I pronounce smyrna correctly / but I also live in this little town now! 😁
    5
  18897. Great video. Could you do a video about the area north of Miami? For example, Boca Raton, West Palm Beach, and Fort Lauderdale. - Cost, how does it compare to Miami? - Economically, are there job opportunities? Tech, law, finance, etc. - Culturally, is it stuffy or is it chill and young? - Education, good schools for kids? - Nightlife, is it vibrant with good bars and restaurants? Sorry for the big ask, but these are key questions people want to know! Thanks as always!!
    5
  18898. It’s going going to be a depression..
    5
  18899. Michael, good call having Travis on. Getting tag teamed with the best! : ) Hey you guys, It was looking like my location was isolated from any declines, but not so. Zillow says my place dropped 10% this/last month. I was hoping to cash out when it was good, but I couldn't find a good deal to move on to. So now that the good deals are starting to arrive, I won't be cashing out as well. It's a catch 22 eh! I want to downsize and pay off my RM. it's not getting any easier on this roller coaster.
    5
  18900. Great, great point ‼️ What criminals stopped assumable loans ❓❓worthless pols and the public finished last!
    5
  18901. I don't understand. Don't these workers remember 00, 01', or at least heard of it. Mass tech layoffs and closures then. It has been 2 decades but they had to realize this won't last forever. It is a cycle and it will bounce back again, but not to be prepared makes no sense.
    5
  18902. Thanks for saying in plain language that too many people have a consumer addiction and can't/won't live within their means. Yes, inflation is high, but that is when we have to stop compiling more debt for things that aren't absolute necessities.
    5
  18903. 0:42 weather is perfect but a big nogo zone in everything else.
    5
  18904. I think reality has been ignored now for years. How many families can afford a one million dollar home? . A small minority. Inflation is making people take stock.
    5
  18905. Sounds like your becoming a snow bird... 😮 only way to deal with Florida
    5
  18906. I’m moving to Florida when I’m older in 2024 or maybe 2027
    5
  18907. I hope these house speculators are left with the bags.
    5
  18908. the quality of homes being built is not getting better. so why are the prices going up? oh ..shortages yeah sure. because everyones home is being shipped in from china. SMH
    5
  18909. Florida have some really great beaches But definitely not the best in the country tht trophy goes to Hawaii🤷‍♂️❤
    5
  18910. I recommended your channel to my son. He will be 30 on Sept 20. Going back to my Western North Carolina MTNS to celebrate with him and restore my soul for a bit. Thanks. 🥰
    5
  18911. It is still so important we get out and about to get some fresh air during all this chaos. Can you do a video on the cost of food in Florida? I know lots of produce is grown in Florida, I was wondering if it costs less than up North? Great video as usual. Stay safe.
    5
  18912. She is lovely.
    5
  18913. Don’t get discouraged.There’s also North Beach( also called the North Shore)/ Little Argentina along Normandy Isle and Bal Harbor which includes nice shops.. North Beach isn’t usually crowded and the causeway from Miami proper that takes you to North Bay Village/ Normandy Isle/ North Beach has nice seafood restaurants.
    5
  18914. I bought my first home in 1994. Rates were higher then. I got a ARM at 11%. I refiananiced a few years later and brought it down to 8%. But the home was $147.000. Sold in 2001 and it had doubled in price. what I have seen over the decades is, the rates are high? prices are lower. When rates are low? prices are higher. Now that rates are climbing? price will come down. I believe it is a sellers market right now. But! it is far from a buyers market. You are right about missing the sell time. No one wants high prices and higher rate. Until prices adjust to meet the rates? it is not time to buy. Liquid cash will be a plus. When prices come down? one might be able to purchase with cash avoiding interest entirely.
    5
  18915. So glad I didn't buy real estate in the last few years. Huge price, big mortgage, high taxes, high down payment, now high interest. All for what? Just so I can say I "own a home". Now everything else is expensive, food, gas etc. Would rather not own it. I'd rather live with a relative and eat at McDonalds :)
    5
  18916. Might want to avoid the malls for future videos if you can. Find all the activity going on around you a bit distracting from your video. Just a thought!
    5
  18917. Port Saint Lucie is the place to be.
    5
  18918. Congrats on your milestone Michael, you earned it!
    5
  18919. I have purchased well over 30 properties and I have never bought a foreclosure. They just scare me. I’d rather buy something that I’m well knowledge with.
    5
  18920. Great video, Michael! Yeah, California is definitely WAY more expensive, and that expense is continuing to grow. My son and his friends, who are all 14, are very excited to get to start working early (age 14 here, these days, due to so many people NOT wanting to work in this state.) Anyway, out minimum wage is $15+ an hour. He thought it was just $15.00 a DAY. My hubby and I laughed and said, "No, that's an HOUR!" Now I find out that In-n-Out pays $19.00 an hour to start! Holy cow! He'll be excited! He knows he still has to go to college though.
    5
  18921. I'm wondering what people are even meant to do. Everything is so much more expensive.
    5
  18922. I've rented a place for the month of September. I just want to see if I would want to live there. I've recently retired at 57 and all of my friends are still working and probably will work for many more years. I don't have any family. I'm looking to live in a retirement community with other retired people who have time to have fun and enjoy not working. I'm going to try it out for a month and see how I feel about Florida after that. If the prices are too high I'll stay in Massachusetts and wait it out.
    5
  18923. Of course some still will pay, because they will have more showings and marketing push for the sale of their house due to the increased reach and less financial hurdles for buyers interested when a buy side commission is offered. It will take longer to sell a house for the listings that don’t offer buyer side commissions and I think that will change this poll in the future as the market tests the potential changes. People can do what they want, but it’s a speed bump in the negotiation and most likely a lot of buyers with agents will just cake the fee into their offer as a credit back to them anyways. People thinking home prices will drop due to this are silly. Either agents will still get paid somehow or the owner will just keep more. This is going to be tough for first time home buyers who choose no representation who most need it. Otherwise business as usual.
    5
  18924. Going to St Augustine in 2weeks to house hunt With another family member who’s looking to move to Fl As well, I’m so excited to finally see the Sunshine State and start living my dream!
    5
  18925. Appreciate your videos & insight. Completely agree with your takes on these mostly unfair incentives for certain people & continuing to prop up everything. Let nature take its course & let it all collapse so we can can back to some kind of recovery. They're just staving off the inevitable & in my opinion making it worse in the long run. Just RIP the proverbial band aid off already.
    5
  18926. Come to Vegas. Other than the ungodly heat in the summer, dust, and no water, insurance is not bad.
    5
  18927. 11:59….maybe they should list it for $6995.00/month ? I’ve never understood Landlords who can sit on un-rented properties for months on end…unless they really don’t need the cash->flow.
    5
  18928. This is the main reason for high home prices.
    5
  18929. Everyone in your building needs to volunteer and take turn providing security lol
    5
  18930. Looks like Hurricane ELSA is Heading that way!
    5
  18931. Michael - you read my mind! Last week i was thinking and researching sinkholes in Florida. Not gonna lie, I'm scared if I ever do move to FL to be near relatives in ORL. Maybe i will just go set up residence on the east coast. Sinkholes, gators, hurricanes, "Florida Man", humidity...ohhh myyy 😟
    5
  18932. This is just my opinion but I think that what we have in store for the housing market and the economy as a whole will be unlike anything we have seen in our lifetimes!
    5
  18933. I do miss San Diego but a 1 million mortgage is just too much. The younger players are fine with it thinking it will only grow in value.
    5
  18934. If you have to "cut back" to retire, then you retired too early.
    5
  18935. Thank you for the "ride-along", really nice video. It's always pleasant to drive through wealthy areas..... Well, Michael, you're 67% above 10K, ......100K is just around the corner !.....
    5
  18936. Again, the quaint California custom of putting the garage on the top floor of a three story house.
    5
  18937. My crystal ball tells me short term rentals will be the catalyst for the upcoming housing collapse. The commercial crash has already begun.
    5
  18938. In CA we had to move to a higher priced area for a job but the homes prices were out of reach so we rented. We rented out the house we moved from so we were not without home ownership (thought we might move back to it some day). We ended up renting that house out for twenty years and the rates did go down (we refinanced) and values went up. Not to say that is for everyone, the numbers have to work, but renting out our home did work for us and the house was close enough to drive to so we could keep an eye on it.
    5
  18939. You are 100% spot on. I work for a big bank and deal with all of it, foreclosure, bankruptcy, home equities all kinds of shennigans. You have definitely done your homework. Another great video..
    5
  18940. the EV energy grid is not in place. I do not understand why Tesla didn't build the charge station grid infrastructure 1st. I heard New Zeeland did the EV charger infrastructure 1ST, then started to sell the cars..
    5
  18941. Great video as always Michael. I am very glad you’re traveling. Visiting different areas. That’s so cool. Thanks again for the videos
    5
  18942. I really respect your work and love watching your videos, but I think you should stick to real estate.
    5
  18943. I believe with this latest pause of student loans almost guarantees a .75 increase by the fed in December.
    5
  18944. Power point presentation, Micheal, we'll done, very informative.
    5
  18945. This was so informative. We spend $800 on groceries alone on average per month for me, spouse and one child here in DC area. I like that your quality of life is high. I'm thinking of purchasing a vacation place somewhere in Florida, but we are not sure if that makes necessarily financial sense. We keep saving money in the meantime and will be travelling to Florida next month to check different places. We don't mind living in DC area, but I love warmer places and beaches so much, that I'm actually thinking about retiring in warmer places like Florida.
    5
  18946. Absolutely dependent on ones personality. Personally, I enjoy maintaining our home. Gives me a sense of pride of ownership. This carries on to everything I've ever owned; cars, trucks, boats, etc. I've always been this way. Great video, Mike!
    5
  18947. Thank you very much, Michael !....These "ride-along" videos are Great !.....
    5
  18948. Don’t forget the news item from a couple of weeks ago that Hertz Auto Rentals has decided to dump/sell their fleet of EVs because too costly to maintain, etc‼️🤨🤔👎🏾
    5
  18949. I get a little bit of joy when I hear stories of flippers and investors who lose gobs of money in real estate, especially when we are so short of homes for people to buy who actually want to use them for their intended purpose……to live in! There are other ways to invest your money and to make a profit. 😂😂😂
    5
  18950. That was really cool. I guess your home town decided to do a story with you, utilizing your knowledge. Very cool. That is a cool accomplishment or story you could share with your nephews and nieces, or kids if you ever you decide to have kids. You going to be a celebrity more than you already are. I hope it gets you more views on your channel. Nice things do happen to nice people. Great to see you get a feather in your cap for entertaining us. Way to go dude! Keep them coming. You have a gift for communications.
    5
  18951. Dear Jason don't count yourself as a success until the end of the race . 😃
    5
  18952. What time is good to buy cash
    5
  18953. Brilliant thoughts and advice.
    5
  18954. Michael ... In the Miami area, for properties that are part of a homeowners association (like houses on a golf course or condos in a tower) are HOA fees on the same upward trajectory like interest rates and insurance premiums? Thanks!
    5
  18955. We listed our property in March of this year and it is now under contract as of the 15th. And it is only 5k less than what we where asking for.
    5
  18956. Yea I've looked into sinkholes..and of course the area of Florida I'm moving to is exactly where all the sinkhole activity is going on lol oh well someone said it's rare kinda like getting struck by lightning..nice video tho. I think your the first one to make a video on this! Well out of the group of people that make videos on Florida/moving to Florida
    5
  18957. One of the nicest malls in the country. Def a nice area. We stayed in sunny isles a couple years ago. Everything is inflated so these clowns need to stop being greedy.
    5
  18958. I couldn’t respond to the CA poll since I have not been in CA for ~20 years. Yet what I’ve read and heard I would never consider moving to CA! Most important I couldn’t afford it.
    5
  18959. if youre still around or you wanna come back here check out nsbvacationhomes my dad runs it and you can stay at some rentals he has on the beach
    5
  18960. They can use robots to replace people but someone has to service them, maintenance them & trouble shoot!!!…i thank God I’m a jack of all trades but I’m only a master of being humble,building a relationship with God & repentance!
    5
  18961. 3:40 -- Someone please explain how you go from $600k in 2014 to $2,195K in 2023? Please try!
    5
  18962. HI LIZZY. GOD BLESS YOUR MARRIAGE ❤❤❤
    5
  18963. Thanks Michael. Unfortunately there are builders and realtors In SWFL still trying and sometimes selling at last years prices.
    5
  18964. economic commentary AND nature photography all in 1 channel!!!!
    5
  18965. I always swim out to the sandbars like maybe 30 yards out, Jensen beach is rlly nice too. Like your vids! Keep up with the great work
    5
  18966. One can live in a studio apartment and live minimalist while purchasing rental properties
    5
  18967. I think the avg foreclosure process takes 900days....😬
    5
  18968. Great points in this video Michael. My big concern about buying a condo are special assessments. It's crucial in my opinion to do your homework on the association. Is it financially healthy? Do they have a healthy reserve for the big expenses? When was the last assessment and what was it used for? Do they tack it on your monthly expenses or do they require a lump sum? I think it's also a good idea to talk to actual owners in the community to get their perspective. Just a few of my thoughts here. Thanks for all you do! I always learn something from your videos.
    5
  18969. Was skating along the boardwalk from Redondo to Manhattan beach, this WK, love the area and some of the houses are so nice, but the water is too cold for me to get more than my feet in the water!! 🥶🥶 I’m used to Miami water temperatures! And as you said Florida is more affordable to us!!
    5
  18970. The thing is that prices were a lot lower when interest rates were a lot higher in the past, and high interest rates meeting astronomically high prices is a bad combination for affordability. Eventually, first time buyers with no equity to roll over will have to be able to afford these homes. Either that or the overwhelming majority of people in this country will be lifelong tenants going forward.
    5
  18971. Michael, A older persons view, its called regret!! to me your a younger person, if its in your gut and what you really want to do I say do it! go for it, yes research, but it looks like to me youve found your niche. You tube/travel/FL. It also looks like to me youve found your paradise, hi rise, walking distance to beach wow. Thats my fading dream. Born in Jacksonville, FL. lived outside of Saint Augustine until my preteens, my father was promoted and transfered to where else NW IN, I know you feel my pain. My husband retires early this year at 62, all I want to do is move back to FL. I would only say to you if you rent, invest in your own place, your just giving your hard earned money away, when you invest in real estate more times than not your creating security/Equity. If your not looking at high crime areas as a deterrent start, Hi crime areas can bring your housing values down. Im sure you know all this. I really like your channel, who knows thru it maybe Ill find my retirement/paradise, just no 55 and older place, lol
    5
  18972. My family and I are going to move from AZ to FL once the real estate market cools down. Luckily we own in Phoenix and our house has gone up 40% since last year so we shouldn’t be priced out of the FL market. crazy times.
    5
  18973. Hi Michael ❤
    5
  18974. Thanks Michael.
    5
  18975. So I did exactly what you said. Made an account, put some things in my cart and exited out. A couple hours later I got an email reminder of the things in my cart. That was it. And then I woke up the next day to an email to a 10 percent discount coupon! Thanks for the advice!!
    5
  18976. We really want to make move to Florida. And i am looking for good school district, job facility,safety,and like for family raising which city would be great fit for us?? I really appreciate your thoughts. Thank you
    5
  18977. I have heard of The Villages and thought initially the environment might be too stuffy for me. I was very wrong. I could be happy living there. Thanks so much for this video. Really like seeing Lizzie in the videos.
    5
  18978. Imagine if we had mortgage forgiveness programs. Would that cool home prices?
    5
  18979. I read that Florida has 7%of the housing in the us and 74%of the insurance claims in the us
    5
  18980. Oh my goodness such a landscape, where are you exactly, Michael?😍
    5
  18981. 😢
    5
  18982. I'd like to see a Livestream.
    5
  18983. I have lived in Southern CALI and FL. I can honestly tell you , just live in So FL for a year. you will wish you never moved. You live in AC all day as its the only way to exist. it sucks NO season, even SO cali is better in the end. same deal though, insane traffic and polution and high pricing the codes need to be changed. only concrete HOMES or up on stilts. wake up FL. and mandatory flood insurance cannot believe 82 % of the WHOLE state doesnt have basic cheap flood insurance mass migration out of FL. the place will be like a slum as well in these areas with the destruction and no contractors able to work, claims not paid, things still flooded and full of MOLD, etc. ughhhh
    5
  18984. You weren't to far away from me in Fort McCoy. Down this way we have a lot of Sand Cranes, owls and other birds.
    5
  18985. Because of these child tax credits I think Im now going to go out and have at least 10 children at the tender age of 65. 😂
    5
  18986. I saw a house sold for 2.1M in January then sold for 1.5 in August in Toronto's suburban! If this is not a crash I don't know what it is!
    5
  18987. I don't eat there, you are correct, more money is made on the real estate side.
    5
  18988. Michael, I enjoy the Walk & Talk videos. How much to rent one of those Surfside ocean front condos...1 0r 2 Br with ocean view???
    5
  18989. The trailer park shit was brutal to a lot of people, they raise the rent by 50% and Chase the residents out and sue them for the backspace rent when its impossible to sell because of the space rent
    5
  18990. My late husband and I were supposed to move from Chicago to San Diego. Had the house all picked out and then he wanted to sleep on it so we went home. Next month we came down to Ft. Lauderdale and that was the death of California idea. When he died 19 years ago I should have picked up and left but I was deep in the throes of my career. Now because of the pandemic, it’s too difficult to do and the high taxes are just out of the question. What I may decide is to do is buy a condo in Southern California to use July through November and spend the rest of the time here. Btw, being from Elgin, do you remember the Milk Pail Restaurant on Dundee Road? We used to go out there on Sundays 😋
    5
  18991. Agreed. Buyers are too desperate and they drive up the market. Giving the sellers all the leverage. Boycotting is the key. Don't get desperate to buy an expensive property because it'll cripple you. Just let this phase die out and start new.
    5
  18992. Being pro active is better than being re active. Hope everyone is safe. Thanks for sharing your tips and showing everyone what’s going on.
    5
  18993. It would be interesting to see a storm along the beach ⛈ 🏖
    5
  18994. I try very hard to stay ahead of this financial madness, but it's a never-ending cycle... Last year, I put in a new heating and air conditioning unit after living here for nineteen years... I put in a new hot water heater eleven years ago... Now, it's time for a new one...😢
    5
  18995. I purchased my house a decade ago for $169,000 and was appraised last March for $450K. Now it is valued at $340,000. So much of this I see as creative paperwork. Millions of workers are being fired now and have been all along. This is gonna be an epic calamity.
    5
  18996. Have fun on the trip and be careful; you may never want to return to the swamp! The recovered money will just go to Ukraine! Where else!
    5
  18997. Are you sponsored by national gold?
    5
  18998. I love this channel,you ar e really claire went explain!! THanks a lot!!
    5
  18999. You have companies charging more than ever for goods and the majority of the employees are not seeing a change. My company is arguing over paying more than 3%.
    5
  19000. Buy now, get bailed out later.
    5
  19001. This is like Batman meets Superman, I always wondered if these guys heard of each other. So awesome!
    5
  19002. Had to respond to your restaurant comment, California is losing most of them. Closing because of virus and shutdown.
    5
  19003. Keep showing the 🤪 houses Michael! 🤣
    5
  19004. So if I'm getting this right a home owner bought and paid for still pays around $2500 a month just to keep owning it? And condo owners also pay that much a month give or take?
    5
  19005.  @MichaelBordenaro  wow so your paying 1600 a month not including mortgage for owning a fully paid condo. That's not even my monthly salary.
    5
  19006. You are from Illinois? I swear you look like a beach dude from California.
    5
  19007. Michael, if i ll sign with a broker and show them i just started position as a realtor in FL ( being realtor for 12 years in NYC) , will they see it as a job? I might not get paid till i close my first deal thou ....
    5
  19008. Nice! I'm over here in Hermosa Beach, love your videos!
    5
  19009. There’s is a shopping area corridor that links Palm Coast to Flagler beach that connects to another smaller shopping area but that one is not modern or new and some businesses are run down
    5
  19010. Love the older homes. So much more character and a home that you grow old in and enjoy! Really love this tour. We were just down at Juno Beach last weekend and were tempted to drive the rest of the way to Miami and stay overnight but decided we'll do it on a 3 day weekend instead.
    5
  19011. The whole push to replace all gas cars with electric in my opinion is complete nonsense. I own a golf cart repair shop so I am very familiar with electric powered vehicles, and I actually much prefer them to gas. The problem is when it comes to automobiles the whole philosophy the industry has is at odds with the actual use case of EVs. The main problem is that they are trying to make EVs have comparable driving range to ICE cars which means they have to use massive battery packs to achieve this. This is incredibly wasteful considering all the rare materials (lithium, cobalt, etc) and would not even be feasible at the propsed scale due to the limited amount of these resources. They are also difficult to recycle, which combined with the fact most electricity is still generated using fossil fuels means EVs have a worse environmental impact than ICE. It would be far more practical to replace half of cars with a smaller golf cart type EV which could be used for around town trips, and have a second ICE vehicle for longer journeys. If the politicians actually cared about the environment they would then build an adequate electric rail network with stations that are within range of these small EVs, so it would be possible to get around without burning any fuel. Most golf carts use lead batteries which last for around 5 years, can be infinitely recycled, and are universal so can be purchased about anywhere and only run about $800 for a complete set. There are lithium carts as well but those batteries are considerably smaller than the ones needed for cars. And electric trains don't need batteries at all since they can draw their power from the track. In my opinion the whole electric car push seems to be motivated not by environmentalism but consumerism. It doesn't take a genius to see the supposed benefits don't add up, however by going down that path you now force everyone who owns a car to go and buy a new one. Electric cars also have to be replaced every 10 years since the batteries will be dead and cost more than the cars value to replace. This of course is great news for the auto manufacturers, which is why the majority of them are actually pushing for EVs
    5
  19012. Anyone else notice the big silver gorilla on top of the garage at 10:00 ?
    5
  19013. Michael, you are right! I watch Brandon on CQA. He is my car expert man and you are my real estate expert man. Both of you have great content. Are you spying on me Michael? 🙃
    5
  19014. Zillow really misleads people in South Florida when they estimate the insurance cost into the total payments. Their estimates are ridiculous low. Watch out.
    5
  19015. I have ptsd from the 80s and this is looking worse to me.
    5
  19016. in absolute awe with his Work Ethics!!!! Huge amount of respect for that! 💯
    5
  19017. I’m moving to Boca Raton though I plan to live down in Bal Harbour in the long run.
    5
  19018. 8:28 that dude's golf swing 😂
    5
  19019. In 2005 my family bought our first house in st pete area, 3 year later everything went down hill....what happens right now is exactly what happened during that time...we lost our first 🏠 ....but 5 years late we end up bought a house about haft price compared to the 1st one we bought
    5
  19020. You also have to hope your values don't drop significantly meaning your house won't appraise. If you want to do that, make extra principal payments if you can swing it. Even $500/ month on $400k mortgage over 5 years could know $60 to $70k off your mortgage, then you could have the equity to refi.
    5
  19021. Hot take, but I think a soft landing is the most probable outcome. The job market seems indestructible and inflation somehow seems to be coming down.
    5
  19022. Bottom line you can't print a ton of money and expect things to be great forever!!! We printed so much money even Foreign Nations are starting to drop the dollar! The Dollar will die soon and when that happens America will look like a third world country! Almost every major city throughout America has a major homeless population. Explain to me why people like Peter Schiff, George Gammon and Mark Moss have left America? They know this country is on borrowed time!!! Also on a side note America will become a Nation of Debtors and Renters when you look at the Trends and data!!!
    5
  19023. I escaped commiefornia and moved to Jacksonville. Bought a nice house for cash and it's nice and safe. Its no Yulee or Nocatee but no worries here. Except for the real... Really... super serious BAD DRIVERS!!!
    5
  19024. definitely know what I want to do, real estate such as yourself. def some kinda fear of failure and ruining what I currently have in the back of my head. Thank you for your videos btw
    5
  19025. What you missed about inflation, which all the points you made are correct, is that the FED's mandate has changed. The FED will no longer be a "put" to the market like it has for the past 12 years. What I mean by that is whenever the markets had a hick up (like back in the fall of 2019 and during convid1984 in 2020) the FED would flood the market with liquidity and lower interest rates. In my opinion that's not going to happen any longer. The FED switched its priority now to keeping the dollar strong. It needs to be strong so they can go into more debt in a the coming war with China over Taiwan and help NATO with the war in Russia. They will sacrifice the economy for the dollar.
    5
  19026. Hi Michael and Lizzie! What a stunning little town! I've never been to Colorado, but Breckenridge looks like North Conway, NH, just a charming and beautiful ski town, and prettier in the winter. I especially love how you take the time to stop and look at the flowers....and that home with the birches in the front yard! Wow! I like that you change up the content of your videos. You be you, right? Oh yeah, Trent for Mayor! Woooo! lol. Safe travels guys <3
    5
  19027. Good work out Michael , you remind me of my good old single days when I used to do all those exercises and run like 5 miles afterwards. Now that I am married with kids and overworking on night shifts unfortunately I have not been that discipline with my diet or exercise for almost 9 years so I am trying to recouped by trying to loose 70 lbs - 80 lbs by January. Since I am older now and I been kind of lacking the motivation to start loosing weight because I know from experience that the beginning is super hard specially when you are out of shape and even more if overweight like my case by 80 lbs. So I decided to start slow and easy by doing 10 min work out after waking up and 10 min work out before sleeping from this guy in you tube Rowan Row 10 min work out, he seems honest, simple and genuinely with good intentions for his viewers, just like you. Thanks for the video! Once I get a little more In shape I will start some of your exercises. Thanks once again man!
    5
  19028. Excellent analysis, Michael. Great breakdown of HOAs.
    5
  19029. Excuse me for double dipping but if you pay 2800 a month, you will hand over a little over a million dollars to your Landlord in 30 years. If you pay 1400 a month like I do you will hand over half a million to your Landlord. The average duration of a mortgage. Just to think that is probably the real reason you're broke. Not Starbucks coffee and a subscription to cable.
    5
  19030. Social Security could be easily fixed, but many in power have the intention of breaking it. It caps out at under $140,000 and because of this many rich people don't have to pay much of their income into social security. If they raised the cap social security would last potentially for generations to come.
    5
  19031. renting a room is a good idea too
    5
  19032. I've been all over Florida, and I don't think that I could live anywhere in the state except Miami. I guess it's just my vibe?
    5
  19033. Oohhh Wow!! I didn't know you were from IL. Just bought a FL summer escape home in Chicago. Cash deal! Have been looking for over 2 years and waited it out. I probably should have waited longer but I couldn't resist the location and price on the condo I bought. 😊
    5
  19034. Guitar for me , as a drummer of 50 yrs, is all about the tone. You definitely have the proper tone in my humble opinion. 🤘🏻💥☠️
    5
  19035. “Warm all year around”. Currently 53F here in Florida. Heater is on. Lol. But yea, came for freedom, warm weather and happiness. I was able to keep my job and work remotely so I have the best of both worlds. My advice: stay away from politics and start to live your very short life on Earth !
    5
  19036. Sounds like it was an alligator 🐊 picnic ground! 😱
    5
  19037. Loving all the Florida videos!! Looks like a nice quiet park to get away from life🙂
    5
  19038. Thanks for the video, Im in my early 60s and this place is not for me, Im a night owl!! We are old not dead 9pm way too early, anyway I dont like communal/assisted living. Would be interesting to know the pricing of things at the concession stands and the meals, unless its all inclusive? Gambling? flea markets? beaches, lots restaurants? fruit markets? poker night? Im sure theres some of this in your next video. IM just nosey now.
    5
  19039. Great story about the negotiation in Indiana. This reminds me of so many transactions I was involved in back in the early 1990's. Concessions from the Seller.
    5
  19040. I love both of you!!!
    5
  19041. A " GRAND SLAM" , Michael !...Great video with Real Time Intel......Thank you very much......
    5
  19042. Great idea, Michael !....After all " Life is a Beach " !!.......I would like to hear your opinion on Deerfield Beach and The Palm Beaches( if you get a chance, they are far away from Miami Beach)........Thank you......
    5
  19043. In Colorado, xcel energy doubled everyone’s electricity bills last December with virtually zero warning.
    5
  19044. Real estate agents won't even list here in Sarasota had to call 4 agents before i could get call back.
    5
  19045. He's actually upbeat! Reality is the new normal. Fantasy is no longer in fashion. Wait till the global famine flashes, talk about gloom.
    5
  19046. Been here 25 years and love the summer rain and heat.
    5
  19047. Great content! I’ve been though hurricane Charlie in SW Florida (and some others). It can be a life changing event, like any natural disaster can be. For me, hurricanes are a big down side to living in the tropics, however almost any area has its own type natural disaster. I don’t think it’s a big factor in where people move because most people think it won’t happen to them.
    5
  19048. I’m a New Orleans native, katrina was in august 05’.
    5
  19049. I think in a super high rate environment ARMs CAN be ok for SAVY folks. For example, around 1984 I bought a condo where I pretty much KNEW I would be moving within about 5 years. I took out a 7 year ARM 30 year amortization mortgage at around 10 5/8% (30 year fixed was maybe 14%+). Sold the condo shortly after, then bought another with a 9% fixed rate. For MOST FOLKS and most situations, not worth the risk. I agree with everything you said today and love the points you made. How about MB for president (you could take Biden's spot, LOL!).
    5
  19050. Best way to go broke 1 buying thing you don't need 2 buying on credit 3 spend money you can't afford to paid off 4 have 10 credit card 💳 That max out 😂
    5
  19051. Happy Birthday May baby. Thank you so much for taking me around my favorite place. The seafood kitchen is still one of my favorite places to eat, no wall to wall people. Theres also 2 really good seafood places in east palatka on 17, i believe its 301 east to 17, but dont quote me. Try St. Augustine in early October a lot less traffic and ocean water soooo warm. Thanks again
    5
  19052. Took it right out of my mouth at 4:40. She absolutely WONT be able to refinance because she overpaid and the house is likely already depreciating from the market high. I know SEVERAL people who are STILL in the house they overpaid for back in 2008. This lady is likely screwed for the next 10 YEARS (or more)
    5
  19053. You forgot to mention that charging an electric car cost money- it’s just the same as paying for gas. You’ll be waiting to charge for hours then it charges you around 35 to 50 bucks or so for the charge
    5
  19054. The house we sold in central Florida in April according to Zillow went down about 14 thousand since April. I was curious today so I looked and it was is on its way back up. I know Zillow has issues but why at this point would a house keep going up in value.
    5
  19055. Its a whole other world when you leave S. Florida. Hopefully you can check out the Panhandle beaches or at least the Gulf side .
    5
  19056. Cool video man, would love to see some vlogs about the good restaurants you say Miami has thanks!
    5
  19057. MICHAEL: The FDIC has to find you another mortgage servicer if yours goes bankrupt. FDIC: Is currently trying to add over 3,500 new employees in anticipation of--well, I think you know why. ME: I owned a house in California pre-2008 crash. I had five different mortgage servicers in 3 years. I took it as a sign of extreme turmoil in the industry and sold my house near the peak and escaped the crash. One of the few times in my life I was smart.
    5
  19058. Your videos are great and as I side note i love the occasional pause to show the amazing beauty FL has to offer.
    5
  19059. If people are upset about Tesla prices dropping..imagine the house next door selling for tens of thousands less.
    5
  19060. Great infornative video! Thank you!
    5
  19061. I would argue we're seeing a real estate spike, not a bubble, and it's driven by pandemic panic and low interest rates, both not sustainable. I totally agree with Michael, people who panic buy and impulse buy, may find they don't like Florida for many reasons, people move out of FL all the time. Homes are very overpriced vs valuation, that can't be sustained if we're hoping to return to a healthy market. I think we'll see a fizzle instead of a pop, as inflation rears it's ugly head potential buyers will hoard cash, and as real estate cools investors will look elsewhere for better returns. IMHO.
    5
  19062. We bought in October 2020. Could not buy the same house again. We are debating selling to grab the equity and just renting while the market stabilizes. Invest the money and grow it for a few years.
    5
  19063. It is so nice car, don’t sell it because you must have so many memories and also they are going to be classic soon...
    5
  19064. First!
    5
  19065. What stands out to me the most is how clean everything looks. Beautiful town. My parents had a Belvedere car in the 60's. I wonder if it was named after your town? Seeing the plant there made me think it might have.
    5
  19066. I used to live in Jacksonville. St. Aug is a GREAT choice for #1. We went there a lot and the vibe is so laid back but there is a ton to do. It's also just a short hop up to Jax or down to Daytona and Orlando.
    5
  19067. Men! Here in Southern California these prices are stubborn. I'm patient like an octopus 🐙
    5
  19068. Glad I bought opendoor puts! Burn!
    5
  19069. Doesn't it seem like "AI NOW" has come on rather suddenly. . .Like "pandemic"?
    5
  19070. My favorite channel! Thanks for sharing all your knowledge
    5
  19071. Nothing is ever aloud to crash anymore..
    5
  19072. Whoa that's too bad for the person that lost their car keys 😱 I wonder what they ended up doing to get home! There's a story there!
    5
  19073. Great video by 2 of my fav YouTubers! 💪🏽👍😇
    5
  19074. In terms of people who move to Florida from the “undesirables” (California, New York, etc), if they’re moving out, there’s a very good reason why like being unhappy with the political or living situation. That’s why I moved to Florida from California because I couldn’t take those things anymore.
    5
  19075. Great work Michael 👍👍👍🇦🇺🇨🇦
    5
  19076. Happy (possibly last) 4th of July!
    5
  19077. In the last month I've never gotten so many pre-approved credit card applications none of this makes any sense
    5
  19078. I just cashed in my equity for $125k cash to sit back and wait to buy into a cheaper market. You never go broke taking a profit.
    5
  19079. come to puerto vallarta mike, you wont regret it
    5
  19080. I get an offer almost once a week to buy my house.
    5
  19081. Thank you for the logical and calm advice.
    5
  19082. In Florida a well is cheap. You only need to go about 40 feet and you'll have plenty. It what I have in Pinellas county.
    5
  19083. Electric cars are A Joke I Love My 2 Mercedes and My Harley Fat Boy S
    5
  19084. Back in the mid-60s when I was a little kid, we visited Daytona, and one thing I remember is that we had to walk a long way into the water before it got deep. You just proved to me that it’s still like that.
    5
  19085. This is when people that are retiring that will be on a fixed income will leave the US. I have already looked at Portugal, Spain, etc..
    5
  19086. Miami Dade (especially Miami Beach) property taxes are OUTRAGEOUS.
    5
  19087.  @MichaelBordenaro  I was looking at 843 Espanola Way and the guy wants $1M, I looked up the taxes on that purchase price... the property taxes would be $18,569/year with Homestead Exemption. That's insane.
    5
  19088. I like the pride of home ownership.....be able to tear down walls, basically do what you want ...watching your equity grow....I sold the house, bought a condo 9 years ago for 227 and now they're selling for over 5. If I sold, I'd pocket the money, rent and let the landlord take over, but that's because I'm now a boomer and would spend the money travelling...so it all worked out.
    5
  19089. Trust me.....it's super humid in Ocala too!
    5
  19090. I'll be laid off in June 2025. I get to stay on to train my to be hired cheaper ("best cost") replacement in Mexico.
    5
  19091. I'm glad you didn't reward the hotel in New Smyrna by paying their $300 rent.
    5
  19092. Don't move to Florida if you plan on opening your mouth and say ,that's not how we do it up North . Moving to Florida is a great opportunity to live the Florida lifestyle . Florida has problems like any other state , and what we don't need is people coming here and not changing to the Florida lifestyle
    5
  19093. Michael loves teasing us with his beautiful background locations.. keep it up Mike
    5
  19094. Fantastic video. Very informative. Thank you! I grew up in St Pete Florida but have lived in Los Angeles since 1988. I love Florida and the less expensive housing options but I prefer the climate in California. The homeless situation is out of control in California. Here is a little known crazy LA fact. It is illegal to sleep in your car on a residential street in LA but it is perfectly legal to pitch a tent beside the sidewalk! While Los Angles real estate is insanely expensive, if you venture an hour away to the high desert towns of Palmdale and Lancaster you can find affordable housing. A two hour drive from Los Angeles will take you to the upscale town of Palm Springs where compared to LA the housing is much less expensive. I could easily live in Fort Lauderdale but for now LA is for me. Again, thanks for this great video.
    5
  19095. How about waiting till June 2023 to buy a house? Prices will drop quite a bit. There is talk of recession and layoffs. There will be plethora of houses available for purchase everywhere.
    5
  19096. Great video and all good ideas. I think your video is certainly going to help people. Happy New Year!
    5
  19097. damn, amazing
    5
  19098. Jan/Feb will be worse!!!!!!!!!!!!!!!
    5
  19099. Hey man, I feel like you aren't realizing we like you. Florida is the subject but you could go anywhere and we'd be interested... get it
    5
  19100. Just wait until the people being evicted take all the appliances and plumbing , sell them at a yard sale on the driveway, and leave male and female rats and mice from the pet shop running around 🐀🐁
    5
  19101. Happy Friday Michael & Lisi 🤗💜 Excellent video Michael! As always...
    5
  19102. Michael, keep showing me my beloved FL. I forgot about Melbourne we used to vs relatives there. I hope one day you get to vs. the Steven Foster Memorial/Swanee River I havent been there since I was a child but it was so beautiful. Thanks for the video. stay safe
    5
  19103. Nailed it! My favorite restaurant took prime rib off the menu, too. I'm not going back until it comes back
    5
  19104. You are speaking facts. Politics plays a big role in why many of these states want to continue to lockdown, it's one if the things I miss about Florida. Sure in parts of Florida you have mask mandates and vaccine mandates but people are way less Karen about it.
    5
  19105. My question is in Tampa or Miami. In the summer time heat. What are these homes really worth when electric grid fails???
    5
  19106. Great video, Michael! I am looking at home prices on Zillow for north Atlanta (particularly East Cobb County), and I can already see prices being reduced.
    5
  19107. seems firm enough hahahaha my guy mike had a good night in walton
    5
  19108. Can we get a update on foreclosures please.
    5
  19109. Congrats Michael 300K
    5
  19110. That's crazy! Panama City Beach use to get the college partying Spring Breakers but no more. In 2016 they prohibited alcohol on the beach in the month of March. I'm glad you have that beautiful beach to go to.
    5
  19111. Fall markets gonna go over a cliff
    5
  19112. East Coast is so much better IMO and Ihave lived in Florida for decades from Dania all the way up to Jax on the east coast and most all of central Florida including Ocala and Deland. I prefer the Atlantic over the gulf.
    5
  19113.  @MichaelBordenaro  The cool atlantic breezes, much more than the gulf, the sand, I know everyone talks about the powder sand of the gulf but I don't enjoy it at all. The east coast of Florida has a good infrastructure, and medical. Some cities even have public transportation. It just seems more civilized and there are rarely sink holes. The food is top notch because people who have migrated along the east came from the northeast and they demand it.. I find the pizza and Italian food better in south Fl than in New York now. I think even the schools systems along the east out shine the gulf.
    5
  19114. 100% agreed. Florida, perhaps, the most beautiful State in the Union. The beaches, not mention other things.
    5
  19115. As a musician myself, I thought the same and also went to the Sam ash website. For a moment I was thinking like a little kid….heck yes. Thanks for all you do Michael, I watch you every day. Your reporting has always been spot on. In November I will be 75. Never in my life did I expect things to be this bad. As my dad would say when things were going bad, “it’s a mess, it’s a mess. Like your wife my dad was Portuguese from Brazil. When I had friends over they would ask why is your family always arguing, I’d say they’re Portuguese they always talk load. Anyway take care my friend, Jack (Joaquin)
    5
  19116. Insurance industrial complex🤦‍♂
    5
  19117. One factors not mentioned is if people are still paying rent, that money could be used to reduce the loan. Yes there are then additional costs e.g. property tax, etc. But renting sucks and if you are only talking about an additional $20K even $40K difference over 30years, it's worth jumping in now. You are rolling the dice that housing prices may drop 25% or int rates will drop back to 3% (it's a given they won't with the current inflation). No one has a crystal ball, but my 2c is that your purchasing power will be less in 12 months not better.
    5
  19118. My friend. You are right about the high taxes. You are also right about the homeless population. However, please educate me. During the pandemic we Californian got our unemployment checks a lot quicker than Florida. I have family in Miami and they kept complaining that they were not getting their checks. I’ve been in Miami and definitely is beautiful and clean but i will suggests that next time you’re here , you go to Newport Beach, Laguna Beach, Carlsbad and San Diego. These are much better places than Santa Monica and Venice beach. YouTube laguna beach and you will see the beauty of Los Angels.
    5
  19119. Homes in the early 90's would sit on the MLS for weeks sometimes months. And never sold for asking. My parents house was $151,000 as a young couple. At the time their combined income was over $100,000. Today, a young couple is lucky to have a combined income of $100,000 ....but now the homes in my area are $575K+. It's out of control. The average home buyer in this current home buying generation can't afford the homes. So the only people able to buy the homes are the DINK (dual income no kids) couples in professional careers making $250K+ combined. So neighborhoods are changing with influx of new people, and existing generations are getting pushed out. The whole thing is so F'd up
    5
  19120. Still waiting for you to show us some shoplifting.
    5
  19121. Just build high up concrete igloo like houses elevated on solid stilts. Looks weird. But not as weird as having a river in your living room and hanging out on you roof, waiting for a rescue helicopter.
    5
  19122. You absolutely correct.
    5
  19123. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thankfully I started my own retirement plan over 32 years ago. I bought several properties and they have treated me very well. My last property that I’m selling right now is my Restaurant building that I bought over 32 years ago. Now I’m selling my Restaurant,Liquor License ($325,K) and building and looking forward to retiring with a great income for many years to come. I’m so glad that I have worked for myself and no one else! No need to worry about any pension plans that might go sideways. I’ve worked my butt off and now it’s my turn to relax and enjoy life. Thank you for all of your great videos,Thoughts and advice. I really appreciate them all. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  19124. Is there any mold damage due to the floods in the building? Does it grow into the apartments (mold)?
    5
  19125. I do see dolphins in the ocean more frequently at the Space Coast than the rest of Atlantic coast of Florida at least so far. I posted a pic of one on my Instagram last month
    5
  19126. Thank you for the virtual tour of Florida! Excellent job. After watching all the episodes, I know I wouldn't want to live in some of the spots you visited (The Villages is at the top of my avoid list: it's too synthetic, too white, too repressive, reminds me of a town in Disneyworld, and it's too far from the ocean...). St. Augustine, otoh, looks like my kind of place.
    5
  19127. Always nice to hear your updates. We are daydreaming into dark times ahead.
    5
  19128. Foreign investment is ruinning Miami by making homes unaffordable for many locals.
    5
  19129. Mike I used to believe that using coupons was embarrassing during high school. When I started using coupons during university, it saved me a bunch of money. I enjoy watching your channel, keep it up. 🙌
    5
  19130. The Columbus, Ohio market is staying about the same as it has been for the last year. There may have been a small drop from 2022 peak prices, but this area is growing so fast that housing has been hard to find since late 2020
    5
  19131. Im 57 and enjoying my MINIMALIST frugal life. Im HAPPY and PROUD with the life ive lived. %100 agree with what you said . Great video as always, wishing you health and happiness. PEACE
    5
  19132. Probably gonna listen to this video every single day.
    5
  19133. Damn Michael. I'm jealous seeing you walking around outside in a t-shirt in February. I'm stuck in a foot of snow in Ohio looking at flights back to Florida. Nice informative video.
    5
  19134. GREETINGS MICHAEL AND LISSI.🌴🌄🌴
    5
  19135. I'm 24 days away from flying with my daughter to visit my dad, who lives in Florida. On the 23rd of December I have an interview with my dad's boss, so I have a strong feeling I'll be one of those who will be moving down there. Which is something I Need and Want. I'm excited, a little nervous but overall happy about the whole thing.
    5
  19136. @Michael, I discovered truth about the U.S. housing market many years ago looking at a front page USAToday article titled “Where are the Children?” It was article written by a Baby Boomer explaining a neighborhood where all the homeowners were aging in place for too long an no young families had children. That’s the problem with aging in place an the downfall of US real estate. I blame lower birthrates and mow marriage rates currently on the older homeowners who believe in this aging in place willing to turn neighborhoods into senior living housing areas. Also the local governments promoting thus practice. These are homes designed mainly as family unit housing an they are not being used further as the family development process ends with children hitting adult age. There is allot problems expected to collapse the housing market an I believe it’s aging in place not working as planned. There’s not enough people who truly want to be caregivers for the Boomers will set a flame on the US housing market. That is coming like a train wreck.
    5
  19137. Wow, Michael! You packed a lot of REALLY GOOD info into this one!! I keep warning family members and friends to basically watch their spending habits in case they end up being in a layoff situation. I tell these specific people because they are the ones who come to ME for money when they get in a bind. I also tell them because I'll no longer be bailing people out of situations in 2025 due to their poor money decisions. 👍
    5
  19138. Hey Michael, your videos are not too long, I enjoy all your content....keep it up 👍
    5
  19139. Yay! Beach video :) again thanks for the outdoor video, but please be careful!
    5
  19140. People will still settle for the printed dollar, even though it now has zero sweat equity backing it. Can you imagine what will happen when they don't? It will arrive. Just a question of when. And when we, or most of us, lose confidence in the currency. Oooh, no models available for that. Better get a wheelbarrow.
    5
  19141. Michael, I have been enjoying your vids for a few weeks now. I love your presentation with the "stroll through real estate" style! Great stuff. As you well know, the noise is a result of every uppety-up trying to outdo the next door uppety-up and have the best landscape and show off how many landscapers they can afford. God how I hate that crap! Give me country living vs ANY place in the suburbs or city! When your next door neighbor is five or ten acres away you barely hear a thing from mowing or anything else. Of course you might have a whiff of country (manure) every once and awhile but that is the smell of self-sufficiency (and money)! I do enjoy your general discussions of real estate in but I am trying my best to figure out north Florida - NE and west of Gainesville. I am looking for a quiet farming community to retire. No beaches or retirement communities for me. I have been looking at rural properties since Feb 2022 and have found the trends generally the same as the nation as a whole but the properties in rural North FL in my price range are so different than Miami and other high price areas it is like looking at two different worlds. Keep up the good work.
    5
  19142. Thanks for the video Michael. I was telling you before I was hoping I don't get priced out. I feared this would happen. I'm several years away from retiring. I was trying to be ahead of the game and pandemic happened. I was telling you the pandemic changed everything, with the ability to work anywhere. I think this really depends on what city you are looking in and what price point you are at. Moreover, part of this shortage is being created by these investor corporations buying up properties. They want to rent these properties for big bucks, particularly in the most desirable locations like major cities. Take Daytona you posted on, prices are way better there. Different market there, not a major hub for people. I have been dreaming of South Florida like Fort Lauderdale, Hollywood, West Palm, Doral, prices have spiked 30-50K depending on where you looking. Plus the corporations will just out bid you, way over the asking. That is an issue. If you are not rich, you won't be able to own in these places. It is reported that an investment corporation purchased an entire subdivision in Texas. The little guy always gets shafted. The fancy/super car car markets are full of speculators now too. A naturally aspirated manual shift dream car will be out of reach for the true car guys. I think the rule here is to be level headed. Planning, patience, and do your home work before doing anything in these times. Never buy any home guys/gals without an offer contingent on an inspection and have a Buyer agent working for you. The seller ends up paying their commission so essentially their services are free to you!
    5
  19143. Yeah immigration will take care of that. But then again how many 12 bedroom mobile homes are out there for sale.
    5
  19144. Michael, stumbled onto your videos this week. I like the topics. Can you talk about investment properties or Airbnb your property? I’ve been looking in the CHARLOTTE county area and the demand is so high on purchasing that I am very frustrated. Can these astronomical prices sustain or will market readjust?
    5
  19145. What a wonderful mom you got!👍🏼
    5
  19146. DESERT GREETINGS MICHAEL 🏜 😎🌴
    5
  19147. Michael, Hawaii is overrated IMHO. Expensive & touristy. I haven't been to The Big Island (Hawaii) or Kauai yet, but Maui is the best Island. Be prepared to pay a lot. Southeast Asia & Australia are the best places to find warm, uncrowded beaches in my experience. Definitely worth the travel time. English is widespread & pretty safe. Inexpensive too.
    5
  19148. Orlando!! I’m moving in a month!
    5
  19149. Our area in Ca. has increasing prices, Not decreasing!
    5
  19150. ​ @MichaelBordenaro Happy Easter to you and Lisi 🙂🐇🐣💐🩷❤️🧡
    5
  19151. Isn't the rise in cost for a credit score only for government backed loans? Not fully private bank loans? Or an I incorrect about that?
    5
  19152. Lol😂😂😂😂 You are right about Naples, Fl! It's quite beautiful, very classy, very richy , but no nightlife! This place is like a bedroom for the rich people because they cruise, and fly anywhere in the world, then come home to Naples to sleep😂
    5
  19153. Oil headed back to $100
    5
  19154. Great vid. Thank you very much for your professional integrity. Would you, please, give us insight on how the Miami Beach city / Miami-Dade county governments are tackling the potential of further sea level rise? Do they have plans on protective infrastructure (e.g. levees) Would that mean leveeing some extra-fees or higher taxes ?
    5
  19155. Another great video, thanks Michael!!
    5
  19156. St. Augustine seems like a pretty nice town... I was there once when I was just a kid.... my oldest friends sister lives there (he's still on Long Island) he said that he was going to move down to Florida (probably there) after he retires... I just wonder how much more prices can increase.... it's crazy! One thing about the East Coast is that the traffic is just insane compared to the West coast... but BOTH can be a nightmare...Thanks for the tour... have a safe trip.
    5
  19157. If the house prices start to come down, does that mean rental prices will come down? Is there a relationship?
    5
  19158. Thanks for being honest and not cowering to the mob.
    5
  19159. I think Biden ending the Covid-19 mandate on May 11th pretty much forces everyone to go back to “normal”. Student loans will have to be made after the mandate ends, we see the snap program cutting out the extra $95 a month ppl we’re getting during the health crisis. EIDL loans are starting pretty soon. I think it’s gonna be a rough summer for Americans. Buckle up for this bumpy ride.
    5
  19160. GREETINGS MICHAEL 😃👍🌴
    5
  19161. Good use of maps on this ! You wouldnt go wrong moving to Clearwater or St Pete. Thx
    5
  19162. Standard of living ought be equal to taxes and cost of living, if not unless one has unlimited money or tied to a particular area ultimately people will vote with there feet and pocketbook which is leave . Enjoy the channel and your thoughts.
    5
  19163. Well... I will never be a real estate agent lol
    5
  19164. Craziness😅😂
    5
  19165. When I moved here I got in my first car accident in 35 years!!!
    5
  19166. Another beautiful day in south Florida 🌴😎
    5
  19167. Great information! Thanks for keeping it real :)
    5
  19168. I lived in Fort Collins when I was a kid. It was a beautiful state back when I was there. I hope the state hasn't been destroyed too bad
    5
  19169. Anecdotally I look at houses in Modesto in an affordable price range under 470k, I scan out to an area of about 500,000 population there's 122 houses, 16 got sold in a week and sixteen came in for sale in a week if you knock the half out that are undesirable homes that's a pretty small inventory that's just my neck of the woods. We do also have a pretty steady stream of Bay Area buyers coming over here with lots of money, a lot of them want big 700k houses but there's a multiple that want smaller houses downsizing and such or trying to get there first home. Having said that the prices are coming down but not real fast there's no 20% price decline for now, not in the affordable price range.
    5
  19170. you have become my numero uno on the tube your nonstop delivery shows the wealth of knowledge you share with us all without getting your hair on fire on washington keep it up
    5
  19171. Ouch! This mall setting is awful. Would rather watch from your office. Too much background noise and annoying looking people everywhere. Reminds me of why I hate cities and crowds of any sorts. Yikes!
    5
  19172. I’d wait to purchase a home but in April of 2023 will be a buyers market..🎉
    5
  19173. Come on Michael do not under sell, you are very funny in a very sarcastic way. Good on Jack to share his experiences.
    5
  19174. I appreciate your honesty and being up front , before any thing else . Much love and respect 👏🙏🥰 And please forgive my English as it's my second language. 🤗
    5
  19175. Don’t buyer until 2024, it’s only the start
    5
  19176. Thanks for the video,another good one.
    5
  19177. WE DO NOT HAVE A SHARK PROBLEM, we have an IDIOT PROBLEM. A man trying to attract sharks to the MB pier was throwing blood and chum into the water and hooked a shark who while struggling bit a swimmer. Once in a while you see one, but mostly they are not interested in the surf line, hence no one here is worried about sharks--we swim, we surf n and if we see one we don't bother to get out of the water and sightings are pretty rare. Taxes are a huge issue and thats why there are people leaving windows open and doors--they do not live there. Most of what you were walking by were vacation rentals and most of the renos were are actually dividing homes into separate units to be short term rentals. Lots of them owned by foreign investors and not families anymore . That older house was probably waiting for an offer and will be torn down. You see very few examples of California vernacular architecture anymore as when parents who owned a home die, their children often can't afford the taxes and end up selling to someone who tears it down to build something that is more vacation rental friendly ie you could rent to 6 groups at once. There is a break on taxes if you live in your home 2 weeks or less and rent it out the rest of the time which again is the only way some people can afford to stay in their homes at the beach. Our 10% sales tax is just the tip of the iceberg
    5
  19178. the truth is hard for soyboys to handle, cant stand the heat get out of the kitchen!
    5
  19179. I’ve watched several of your excellent videos but I haven’t heard you talk about Florida’s insect problem. Like noseeums, flying cockroaches, etc. Isn’t there an ongoing cost for pest control?
    5
  19180. You need a new t-shirt....you are a international YouTube celebrity. What is going on with the 10-year today? If it continues to drop mortgage rates are going to drop a lot and will get a bear run on housing...yeah! Will cause an even bigger crash!
    5
  19181. THANK YOU SO MUCH FOR YOUR HELPFUL INFORMATION. I am very well to be aware of the bad workmanship. I built the house with DR Horton 2001 the house worth 435,0000 at that time. They used all the cheap thing as much AS POSSIBLE IT COULD BE AND IN ONLY 10 YRS FURNACE AND AIR CONDITIONING, ALL THE SHOWERS and MUCH MORE THINGS HAD either RELACED OR REPAIRED. All the showers were leaking down to the main floor. VERY BAD AND EVEN WORSE. I plan to move to FL in the future and with your info's I will have to be more careful this time.
    5
  19182. Congratulations Michael 100k plus now! Keep on Keeping on! Many more memories coming! Love your channel!! Thank You!!🙏
    5
  19183. About 20 yrs ago, I purchased a living room set with the 1 year free interest. It was delivered same day. The catch is, most people won’t have the full amount at years end. If you don’t, you pay the interest which would of accrued during the twelve months. I made monthly payments which would pay it in full at the 11 th month.
    5
  19184. I believe that they will build high rise luxury condos in the water front areas it's all about the $$$
    5
  19185. Condos last year that were purchased for $120K are now being sold for $240K. Another Condo was bought 2 years ago at $64K are now being sold for $110K. The Condos are barely updated. The Property Taxes are EXTREAMLY HIGH! These owners are being told by Agents that they can sell for that much and the Buyers Agents are saying we will never see them this low ever again. LIKE WHY!
    5
  19186. I would like to move to Florida for warmer weather, more sunshine and be able to swim and bike almost year-round :) I've done research over the past few years and the Tampa Bay area seems to run away from the rest of the areas of Florida regarding my personal criteria. That being jobs (I am in sales/account management), proximity to good beaches, bike trails, fairly affordable housing stock and as a bonus a Skyline Chili restaurant lol. The Tampa Bay area seems to have a good choice of companies large and small to continue my sales & marketing career, the Pinellas Trail for biking, beaches with Clearwater, St. Pete & Siesta Key, housing especially on the Tampa side seems affordable and Skyline Chili parlors in Clearwater and Lakewood Ranch. Funny that you mentioned that Midwesterners relocate on the West Coast of Florida, I'm from Ohio. That also means my Cleveland Indians will play the Rays in St. Pete at least 3-4 games a season :)
    5
  19187. Great video Michael on Miami real estate. But it appears the middle class people are being squeezed out in all the nice cities.
    5
  19188. Michael, I love your videos and wonder in every video what part of Miami are you walking in? Will you consider putting the area in the notes below or just saying at the beginning of the video? Thank you and keep them coming !
    5
  19189. We see what we want and hear what we want . What goes up must come down . Always great content , You are superstar Michael .
    5
  19190. Wow the whole renting to criminals is insane.
    5
  19191. Man, great content!!! I’ve been living in California for the last 13 years and thinking about moving to Miami... the only thing I was missing it was a place like this, mellow and chill, like here in Huntington Beach! Tks a lot for the tour, Harbor Islands might just had gotten me! 😊
    5
  19192. Ya number 1 , We are witnessing some strange times
    5
  19193. We have record. Credit card debt in this country. We have the worst savings rate for americans ever because americans don't have the extra money. 64% Other americans are now living paycheck to paycheck. 67% All the americans do not have 400 dollars in emergency cash. These are devastating numbers
    5
  19194.  @JC-dc9oz  it really depends on the individual some people really shouldn’t own a house. A house is not an asset. It is The biggest liability you will own. Before you lose your head let me explain. A house requires upkeep depending on the age of your property you might end up dumping a lot of money into it. Most buyers buy at the top of their approvals. Never take upkeep into account. Eventually that puts the buyer in a worse off situation both financially and emotionally Vs renting yes rents go up but no maintenance for you ever and there is no commitment. Appreciation and value only matter when you sell or refinance. Otherwise it’s only a paper gain no real value created.
    5
  19195. It would be better to wait a few years in my opinion. Everybody saw this coming with the pandemic and Biden in office. That along with the people flooding in is making a noticeable impact
    5
  19196. I remember 2008..a lot of foreclosures and people selling at a loss because someone lost a job.
    5
  19197. My hometown!! Glad you enjoyed your visit.
    5
  19198. Realtor in the philly suburbs here, market is very strong here because there is still really tight inventory. No where to build so that kept things tight
    5
  19199. What's with all the strollers in the front yards?
    5
  19200. Welcome back to Miami Florida!! From Tampa Bay Area!!
    5
  19201. I left Dec 2014 for TX and while I miss the beaches, the food, the vibe and the easy drive down to the Keys, I do not miss the high cost of living, many of the people, and the crime.
    5
  19202. We are in a cycle like 1975 and 1989. Nobody could afford to buy.
    5
  19203. Michael I do like your tax incentive idea to benefit sellers that sell to buyers who will actually live in the house.
    5
  19204. Such a gorgeous road😊
    5
  19205. Awesome video. I’m simply impressed by how you are able to walk, talk, and record yourself. Quality and in depth opinion is a cherry on top.
    5
  19206. Naples and Fort Meyers is only 3 feet above sea level and is pretty much swamp land as it's right next to the everglades. Cape Coral is also only 3 feet above sea level (and has canals running through it like Fort Lauderdale) which is a disaster waiting to happen, like what occurred. I remember it flooding there regularly under normal storm conditions. I had a lot of friends who moved there from central Florida because of the affordability of the homes (after 2008 when the areas housing market collapsed) due to the the housing crisis and the number of hurricanes and tropical storms that hit the area during the early 2000s. This was highlighted by another influencer on YT.
    5
  19207. Ahhhhh man that Sarcasm hit me hard. Everything before 0:20 was so epic!!!! Life is hard =(. Thanks for the videos! Preparing for late 2022-early 2024. Trying to keep the American dream alive......
    5
  19208. Update- old news to some- wells Fargo GUTTED ITS MORTGAGE TEAM 2 MONTHS AGO (AUG 2022) 80% OF ALL mortgage team members are already gone
    5
  19209. I would like to give you my humble opinion and that is that many people are looking to move to Florida and are looking at YouTube videos that can provide information about living in Florida. Specially the job market, cost of living, schools, health care, rent, real state, best neighborhoods, videos of different cities and places, entertainment, and wild life. etc... i enjoyed your videos and thanks for sharing from San Diego CA🙂
    5
  19210. if they want to crash it, good for it!! the public needs to know investors own the home market right now. it wasn't like that before. we should cheer them on for getting the market back to the people and not powerful investors.
    5
  19211. Man, I know what you mean about the no-seeums, at about dawn and again at dusk, if your skin feels like it's being eaten alive, IT IS!. We spray some fogger around the lanai and we can at least sit outdoors. For whatever the cons are, and every place has them, I agree with you, your quality of life feels so much better in Florida. It may take a bit longer to get things done down here, but that's because people are more laid back, and that's so much better than fighting the rat race right up to bedtime every day.
    5
  19212. Wow bro this is so true, funny I was thinking this exact thing when I was doing the Mar-A-Lago palm beach vlog by that golf course and taking in the ocean views on A1A. It was so breezy and warm, 82 and gorgeous. Anyone who says FL is too hot is just plain wrong. So right about the vitamin D I try to get my daily dose and love interacting. BTW they closed down our public pull up station! Hope to have it open with the beaches next week. Stay well!
    5
  19213. ​ @MichaelBordenaro  Thanks Michael! Keep up the great work. You are one of the few who speaks the truth. Unlike many realtors here on YT encouraging people to jump in to their death.
    5
  19214. I love the map routes now included in your videos! Also the voice overs are beneficial too.
    5
  19215. I can’t wait to move to Flordia
    5
  19216. Always wanted to visit Anna Maria. It is great to see it through your eyes. At times it almost looked like you were in another country. It seems nice, but nothing like I imagined. I thought it was much more impressive. Thank you for sharing all that you see.... trees, houses, sand, water and rocks it all matters. Thank you Michael & Lizzy
    5
  19217. Something has to give
    5
  19218. Great video man. It seems like you actually want to tell the whole story of everything going on in the world not just the real estate world. I think a lot of realtor and loan officers just haven’t worked sales in other industries and/or went to college. Too many egos in this industry I wish more people would keep it real
    5
  19219. Numbers don't lie but they can be manipulated. Just spoke to someone in the car lending business here is what he said. Car loan defaults are alarmingly increasing so banks lowered the qualifications to get more loans approved. It looks fantastic on the balance sheet I am not sure how long. It's just a huge pyramid until the last moment. I think due to the decline of the USD this cycle will remain bust there won't be boom in the near future. We were able to get the booms by manipulating the markets with the dollar. Once we lose this leverage we get not much to help us swing back. Sorry but it is it.
    5
  19220. AZ is the sun shine state "On average, there are 299 sunny days per year in Phoenix."
    5
  19221. No ocean though 😕
    5
  19222. There’s a road I wish you drive on it’s a side road for the Fountain of youth
    5
  19223. The hunkering down continues! Thanks for another great video, Michael!
    5
  19224. Love the black strat! Totally agree with your economy assessment. I’m a CRE developer. Things I’m seeing don’t add up
    5
  19225. I'm always on vacation. Feels good all the time.
    5
  19226. High home prices, unaffordable housing is simply not maintainable… middle class families will not survive and many would be homeless
    5
  19227. I've lived in California and Florida, as well as driving up and down the entirety of both states, so I'd say my opinion is pretty valid...California is definitely more beautiful, there's no question there, but earthquakes are unpredictable, your skin dries out there, and it's ungodly expensive. Also, want to swim in the ocean? I hope you've got a wet suit! Food is literally twice as expensive. I thought people were exaggerating, but it's actually true. You want a 1/1 apartment in San Diego? $1,500 will get you a sketchy, bare bones spot. Up in Northern California, not SF but Humboldt County (or inland So/NorCal), $1,500 will get you a decent apartment. I also really personally missed all the greenery in Florida since I'm used to it, being from the midwest. Look, if money wasn't an issue, I'd imagine most people would move to California. But the reality is, money is a problem for most people, and California isn't affordable for those who don't have an abundance of wealth. Florida, for the money especially, is an amazing place to live. Countless wildlife, greenery everywhere, palm trees, warm oceans, sandy beaches, and it's CHEAP! An apartment for $900 near the ocean? Sign me up. $900 got me a bedroom in a house with a conspiracy theorist in San Diego. I'll take an updated apartment with a 5 minute drive to the beach anyday over that, with half-priced produce t& gas to boot. Great video!
    5
  19228.  @MichaelBordenaro  Thank you. Makes sense.
    5
  19229. Much needed video, Michael, as people don't seem to realize what behavior is bankrupting them along with wanting to buy the latest technological gadget.
    5
  19230. If there is no limit to how many ppl are allowed then i would give the keys to someone with 7 kids and have them move in, along with the un wanted tenant, maybe that will get them to leave,lol its crzy in Cali !
    5
  19231. I missed this video back when you published it so catching up now. LOL That silver corvette must've looked super iconic driving on the sand. As for it not getting stuck...maybe he drove it down from Canada and kept his snow tires on it hahhaa
    5
  19232. Basic economics for every percentage rates go up the consumer looses 10 percent purchasing power. Rates are now at 6 percent that means it’s up 3% which means consumer has lost 30 % purchasing power. That should mean prices should correct over time by that percentage
    5
  19233. @Michael, are you currently selling homes? How's that going for you as a realtor? I'd like to hear your perspective, based on how individual realtors find the buyers and sellers, and chase the sale. Might just be luck and connections currently,...and a long wait. It's great you have this channel !
    5
  19234. Seems like it was a great eye opener and maybe a new lease on life for you two!
    5
  19235. Stumbled upon your channel and loved your content! That’s what I have been doing the past couple years. Moved back home with my parents after grad school and saving 99% of my income for a down payment to get a home in SoCal. Hopefully, things will become more affordable again as I am turning 30 and looking to get my own place soon. Loved your content!
    5
  19236. Hi, back to comment, I recommend santa Barbara and morro bay as best stops in mid CA coast. Further north as you near the bay area Big Sur is a must-stop. Monterrey Bay has cannery row. I always avoided SF area and last time i went straight to redwoods state park. Enjoy the drive north
    5
  19237. Another great video! Thanks for the helpful info :)
    5
  19238. For people who have been patiently waiting for the correction to take place your opportunity is coming.
    5
  19239. The politics and cost of living are infinity better than the northeast.Snowbirds have the right idea,as the summers are unbearable.
    5
  19240. It isn't really a question of "tooting your own horn" Michael. If you want to know how the war is going, you don't ask a General, you ask a Sargent who's in the trenches. That's how you get an honest answer.
    5
  19241.  @MichaelBordenaro  Haha, I hear you. I am turning 60 in November, just retired on 4/1. Tired of working for 40 years in IT. LOL
    5
  19242. 1:12 Just caught a report on Jacksonville’s local news that the state of FL is working to pass new, affordable, rental housing mandates. One is to give tax breaks to landlords who keep their rentals affordable. That is, dare I stretch…. brilliant? I’m sure the uber-greedy landlords will figure out a way to get the tax break while still charging unreasonable amounts. Here’s hoping for the best!
    5
  19243. Still working from home full-time with less than 5 years to fully retire and move from IL to FL. The idea of moving to FL right now torealize potential state income tax savings are wiped out with these inflated housing prices - even with a full cash offer. Will ride it out and see how the "new norm" evolves over the next 5 years.
    5
  19244. I'm in South Walton County, love it!
    5
  19245. CONGRATULATIONS. Well deserved 👏🏾👏🏾🍾🥂
    5
  19246. Hey man really like your videos and information about florida! Would you be able to talk about cape coral or SW florida! Thanks in advanced👍
    5
  19247. Thanks for the tiny house video Michael. Wish there was something like this before I brought my tiny house in Oviedo, FL. It's a nice house, but the neighborhood isn't very good with all the traffic vibration I am feeling and the neighors are very inconsiderate. I know it's everywhere, however; when you have certain health issues we'll let's just say it's even a bigger pain. Still love ❤ Florida outside of this neighborhood though.
    5
  19248. Very well done video. Appreciate that it's not filled with music and you give lots of discovery info. Next video can you jump in with a spear and catch us a fish or lobster.
    5
  19249. Crisis caused by investors
    5
  19250. Absolutely stunning!! I will most likely, never make it out to California 😥 so THANK YOU for filming and sharing this, I just loved it so much!!! California is one of the most beautiful of our states 💜🇺🇸💜
    5
  19251. I never Trust Just one source of information. I try to do as much research work on the topic as I can, so I can get the best view on the point.
    5
  19252. 3:47 ..timestamp.. It's always more painful on the backend. ..lol.
    5
  19253. Repairing my home consists of telling the landlord to kick rocks, stop living off my household and pay your own rent aka mortgage🤷‍♀️
    5
  19254. Humans are supposed to live in families. This is God way of pushing America to become human again👍👍👍
    5
  19255. We sold our house, took the equity and piled it into savings while we moved across country and transitioned to a new career. I’m hoping for deflation and even higher rates. The savers and financially prudent have been at a disadvantage for two decades because of this debt frenzy. This needs to reverse and reward savers like the good old days.
    5
  19256. A lot of the best beaches in California are in Orange County and San Diego. Just an FYI. LA County beaches are not clean. Check out Laguna Beach and Newport Beach in the OC. Much better than Venice.
    5
  19257. Austin home sales and prices are also dropping. Much of that is due to the prices going up beyond reason during the pandemic. And when you add high interest rates on top of that, the market cannot support the high prices.
    5
  19258. Is power washing a good business to start ?
    5
  19259. Good video. Surprised more people haven't brought up the resumption of student loan payments. I think it's gonna have a bigger impact than most realize. I've been banking my $250/month payment & I'll pay off my balance if SCOTUS shoots down forgiveness (98% chance). But I agree that most have probably not been smart with their money, or have just seen inflation eat it up. Btw... easy with the Cleveland bashing. Moving there from central Ohio in a few months. It's seen tough times, but it's a city on a lake & being revitalized. Our winters blow, but it's a great city with great people. I do appreciate your videos & the scenery. Maybe someday I'll have a winter home in Florida.
    5
  19260. That's why your videos are so valuable! us out of stators would have no clue what we're getting into!
    5
  19261. Hey Michael. With something like a thousand people a day moving here, do you think overall that this is a good thing or a bad thing? I know that may sound like a dumb question, LOL, because obviously it's good for certain businesses but not so great when you're standing in line at the grocery store or waiting in traffic. But just wondering how you feel about it overall?? Thanks bud!
    5
  19262. $402,0002 bd3 ba1,551 sqft Price cut: $22K (9/15) 705 W Queen Creek Rd UNIT 1039, Chandler, AZ 85248 For sale Price cut is actually $83K They bought it for $453K and listed it at $485K
    5
  19263. The owner of the park should require removal of old homes say after fifty years.
    5
  19264. Palm City, FL. Homes there are approaching an eye popping average of $900k for a 3bd/2ba with approx 2500 sq ft. I assure you there’s nothing special about Palm City. All I have to say is that if you’re a Realtor, you’ve better have saved because well over half will be out of RealEstate soon. Probably closer to 75% will be working elsewhere because there won’t be any inventory. The only way out of this is more inventory. How that happens after the same people that destroyed The Northeast have now moved to Florida to destroy the Real Estate here is beyond me.
    5
  19265. Mike, at some pint you might need to do a dip dive of differences of RE prices between Villages. It is a lot I know but would love to get your perspectives..
    5
  19266. I wonder how much these homes are going for now?
    5
  19267. I made this mistake when I was a new homeowner in 2011. I was in the navy and not paying attention to a property I bought in a different state when I was stationed there. It’s basically 3-4 times more expensive. When I asked them why it’s so much more costly they said you need to find your own. I shopped around and found a policy much cheaper.
    5
  19268. That is so funny 😂 " counting the cars going by" 🤣 I agree! I'll work for ever because I love what I do, and I am lucky I get paid well to do what I do. I wouldn't want to retire to do nothing.
    5
  19269. if my mortgage company goes bankrupt I have nobody to pay until fdic gets someone to take over mortgage who do i make payments to?
    5
  19270. Hey Mike I think you are right it seems more of a sleepy retirement village. Looks ok to me but I dont see how it is so expensive either. Looking forward to your West Coast vids.
    5
  19271.  @MichaelBordenaro  Yes panhandle videos! They will be very popular.....Destin Beach please! Moving to there from Henderson NV in April so your insights will be appreciated! Love the relaxing vibe with your videos also,. Make a coffee, click like, and watch the FL Bordenaro video!
    5
  19272. first
    5
  19273. Loved this! I love Florida parks. We took a very large ferry/boat from Ft Myers Beach FL to Key West in July this year .& they required masks on the boat…but most didnt wear them or either boarded with them but took them off…it was a 3-1/2 hr trip vs your 15 min.
    5
  19274. I read a brief news article last night about the Port Royale and immediately thought of you Michael. I knew you were going to mention it in your next video but I did not expect the complete and detailed on the scene reporting which was a very pleasant surprise. I should not be surprised though. You are always very real and thorough with everything. I would love to see that implosion, thank you. I know exactly what you meant by being annoyed when they were doing construction work on your building. I am going through that right now. I live in a very old apartment complex North of Seattle that was built in the late 60s maybe early 70s. There are 5 buildings each 3 stories high. I live on the 2nd floor. They are doing major construction, removing the old siding and replacing them, repairing all the patios, removing and rebuilding them when needed. Mine have been unusable for the last 2 years because one side is detached from the wall and I'm afraid if I step outside on it it would fall down. Then they're going to paint the whole place. The noise is very bad. Monday- Friday 8am-5pm. And it's going to take months for them to finish everything. I work graveyard shifts 4 nights a week. I need to sleep during the day but now I can't. Only a few hours after 5pm. You'd think they would give us a discount on the rent because of all the inconvenience but of course they don't. I feel bad for all the tenants in the Port Royale. They will have a hard time finding another affordable place to live in that area.
    5
  19275. I'm 66 so 'older crowd' sounds ok to me.
    5
  19276. I get it. I've been teaching music for a living since college and also being real estate broker and investor. Seems like when one job lags, the other picks up the slack, but both of them are a fight for survival and a long term build in terms of reputation and referrals before any kind of comfortable living can be realized. Going to fly to Miami later this week to drive around looking at neighborhoods to see if owning an investment property somewhere in Florida has merits. Your videos and perspective have been really helpful.
    5
  19277. I followed DFV (Deep F'ing Value) when he started telling Reddit about GME (Gamestop) and your chart is wrong at $58. I got in way late but I sold at $411 dollars.
    5
  19278. 200 billion yeah sure
    5
  19279. how much does a newbie realtor make if you don't mind me asking?
    5
  19280. Oddly some of my tech worker buddies have been considering just taking their "smallish" bag and moving to Barcelona. It's basically shocking the quality of life you can have somewhere in Spain for a fraction of the cost of living in a walkable place in the US.
    5
  19281. My Wife and I are looking for a condo , but the prices are totally insane. We are looking to retire in the LBS / Ft. Lauderdale / Pompano Beach area condo - we have a big family so a 3 BD is what we need. I hope the prices come down as we wait. Thanks for your videos !
    5
  19282. Uh, cash buyers don’t have access to building financials? Thanks for your valuable info🇨🇦
    5
  19283. Good point about the lack if sun exposure at Sunny Isles, thanks
    5
  19284. Bruhhh can’t wait for COVID to chill out. Going to do a pop up Mexican restaurant in MB. I’m legit native so my cuisine will be uhm more authentic than 90% of 🇲🇽 restaurants 😂 and if all goes well invest in a posh area of Miami Beach. Been told to stay in SoCal but there’s just too much competition here. I noticed in MB it’s mostly Tex-Mex 🤔
    5
  19285. Good video Michael, beautiful yet pricey stuff!
    5
  19286. Well Rock financial/Rocket mortgage just laid of 25 year in employees. Rocket is going bankrupt. They are wrong, the big crash is coming. 50 percent at least.
    5
  19287. It doesn’t matter what happens, someone will not like the news.
    5
  19288. Northern Florida = Southern Georgia. Pass.
    5
  19289. Man there are so many shitty bosses out there...I can relate to the job hopping, the epiphany of wanting more control of your life, and with my current job, I definitely share your sense of urgency to make things happen. I wish you great success as you transition into the next phase of your journey!
    5
  19290. Winter really is the best time of year to be in Florida. We go to Naples every Christmas. Dont forget the worst weather is actually hurricane season and its too hot!
    5
  19291.  @Lisithedogwalker  I understand ,I am two states over in Minnesota. I believe our weather is very similar. I'm glad you got to check out the Midwest ! 😄. If you guys want another trip our Minnesota state fair starts tomorrow through Labor Day 🎡 I believe it's the largest fair in the US it's really fun tons of food vendors rides concerts etc. There is a reserved plot of land for it.
    5
  19292.  @Lisithedogwalker  MN State Fair is the best! If you guys decide to do hold a Minnesota State Fair meetup, count me in!
    5
  19293. Just wait for the market to flip and you will see that home owners will sell to anybody including investors. I've seen this in New Zealand. What's happening in the USA right now occurred in New Zealand at the end of 2021.
    5
  19294. Fast forward 30 yrs. A lot of homeless seniors.
    5
  19295. I think they will keep things prompted up until after the election
    5
  19296. Even more scary, an engineering study is imperfect at best. An imprecise science, based on observation. The building could be in much worse condition.
    5
  19297. People keep saying they don’t need Realtors to buy a home but the overwhelming majority of people will use a real estate agent. It’s not like booking a vacation.
    5
  19298. 🐊 ☀️ 😎 Love the videos Michael!
    5
  19299. Wow, spooky. Anyone whose never been to Lincoln Road can't appreciate how jammed that place usually is almost any day of the week. Nice vlog.
    5
  19300. It’s inspiring to watch you stroll around Miami looking so sharp with your coolsunglasses and swagger. It gives us all hope that if we just keep working and moving forward and making better choices, we might be able to have a life like Michael’s. Thanks for doing what you do keep up the good work. You’re the light at the end of the tunnel for many.
    5
  19301. I’m sorta in the same situation as you Michael, except I’m in my 60’s. I have it very good right here in Fort Lauderdale. But, I have constant thoughts of moving out to Southern California to be closer to my siblings. Most of my friends have moved from SoFlo and I really only have two friends left here. My same excellent healthcare plan is available where I want to relocate to. Walk ability factor is 94/100. Wouldn’t need a car. I’d be 30 minutes from family. Yet, the decision is still unresolved. I’ve had this desire for the past 5 years. It started at 60 when I was beginning to prepare for retirement and is still very strong. I think, if on the next trip out West the desire is strong and it feels concrete that’s the sign to go ahead. Family has already said that they have ZERO interest in heat/humidity/hurricanes. I’ve asked them point blank what they think about me moving closer to them. They’ve said they think it’s a great idea if it will make me happy and give me emotional peace knowing they’re close by. Everything happens when the Universe gives the green light to our desires and it’s not the job of my ego to say when what I want should happen or appear. I keep thinking about the … 3 C’s of Life … you must make a CHOICE to take a CHANCE or your life will never CHANGE. 🤔
    5
  19302. Thanks for the video It is really helpful 🙏
    5
  19303. They bought the house for $1.4 million and are trying to rent it out for $40,000/month.....that's like a 34% annual yield LOL.
    5
  19304. Bought my house at 2.73% 15 year mortgage 150k in major city, pretty happy. Did not overpay. Was recently renovated.
    5
  19305. The problem is, my husband and I worked hard all our life. We are now drawing our social security which SHOULD have been the very money we put in. However Congress STOLE all our social security money and used it on who knows what. So now, we depend on the people who are currently working to pay our social security and that is WRONG!!
    5
  19306. Only 14m?!? Cash or check? 😂😂😂😂😂
    5
  19307. I use Twitter daily for many hours , and in all honesty , Twitter is working better than ever. I have not experienced any issues at all.
    5
  19308. Auto dealerships will most definitely sue people in Texas for non payment. Even after the vehicle has been turned back to them. I saw that happen not to long ago.
    5
  19309. We missed you yesterday.
    5
  19310. Michael, that was a nice interview with your mom. She is very nice!
    5
  19311. Nice job. I struggle with the tax issue but... I spent 16 years in Florida building and retiring from a business. I had a house in Fort Myers and Condo on the Beach in Satellite Beach, (1425 HWY A1A) for my surfing fix. I love Florida and have many great friends there. However, I was born and raised in San Francisco and now live in Oceanside, CA (North County San Diego). There really is no comparison. If you are looking for a progressive, diverse (environmental, politically & ethnically) and incredible arts, dining and natural options (Mountains. deserts, redwoods, beaches -ski morning then surf in the afternoon) California is your place. If you are looking for some beautiful beaches, great fishing and diving with affordable housing, no state income tax and an older population that is "conservative" and unwilling to pay the cost to protect a once pristine environment (read "Carl Hiaasen") then Florida is your place. P.S., I liked the drive through Pacifica (the first beach I went to with my Dad.) heading South toward Santa Cruz.
    5
  19312. On the street I live in Florida, everyone is asking everyone when the housing market collapse because they have cash and ready to invest. And everyone is sure that happened soon. So far all prices going up like crazy, almost no inventory around here. In 2010/2011 we bought 3 houses(cash) small fix and rented out for a few years. Sold all and make a nice profit like for emigrant who came to USA penniless. Wish I was born in USA. Its a great country!!!
    5
  19313. I think about those condo owners living in the Millennium Tower, who were asked for millions of dollars to fix a problem they didn't create.
    5
  19314. I wonder if you told the city planners if they could make some improvements
    5
  19315. Where is the most beautiful beaches, more opportunities for investors, multiculturalism, job opportunities, restaurants and bar, Malls, casino etc. Considering the complete package Miami is the best place to live in Florida. people can satisfy most of their needs in Miami regardless of some of negative sides of the big cities. I would say Miami is the best place to live for young people they are looking for better opportunities and for the people they worked hard and ready to retire.
    5
  19316. I love how some small landlords expect their tenants to have enough cash reserves but those exact same small landlords don't do that themselves. But what's happening in California has to stop with these never-ending protective measures.
    5
  19317. Inflation for services. Such a good point! Thanks Michael! ETA- yes, please to another insurance video!
    5
  19318. Michael, I agree that central Florida might be the only place where prices aren't as high. Northwest Florida (Panhandle) housing is still rising and multiple offers come in first few days on market if not a total dump. It had slowed slightly the last month and a buyer could at least ask for inspections again, but there is little inventory available and excess of buyers. Sellers taking the highest bid with no inspections again as people flooding back into the market. If any renovations are done, it is just a bit of lipstick to hide serious flaws and they sell anyway. Quality is going out the window. As far as the city prices vs small towns or suburbia areas, surprisingly there doesn't seem to be much difference price wise. Never have encountered this before. EVERYTHING is expensive! Rents in particular continue to skyrocket to a totally unsustainable amount. Investor landlords keep kicking people out as they keep raising the rents. And what about storage units doubling in price!? Honestly, don't know how we all are going to survive these times. Tornadoes caused serious damage Louisiana through Panhandle, yet people keep coming. 😕⚘
    5
  19319. OMG, Micheal, I love that you are so dedicated, creative, and adventurous enough to go film outdoors in a tropical storm, in a parking garage! It's fun, plus you get your exercise and a connection to nature. What else could be better? Also... Great insights on our favorite, the real estate, market. Good insight on Tom F. Good to know what to look for in all parts of the RE market! Thank you for the fun video! Great views!
    5
  19320. The only thing I would love to hear, is that only American citizens should be able to buy a house and own it outright, and it should be a requirement for voting. The non-citizen residents and foreigners should be able to buy, but pay higher taxes, and seniors citizens should pay less taxes, a discount due to noncitizen’s higher charges. In Mexico, I wasn’t able to buy and own it outright, it’s like a 99 year lease owner.
    5
  19321. I would love to start my own business, I work in Government here in South Florida, needless to say I'm beyond disillusioned and bored, I want to increase my income while not answering to anyone, the problem is just figuring out what to do.
    5
  19322. This is a must subscribe channel for anyone looking to move to Florida. Question: Where are the safest places to live in Florida? I plan on relocating from NYC in 2 years and i want to stay away from riffraff and crime. Thanks again for your videos!
    5
  19323. Great video. Can you do the same video about cheap properties close to the beach (e.g. within 20 min drive to the beach)?
    5
  19324. Those prices are INSANE! Think back to when all this INSANITY started! Nov. 2020!
    5
  19325. Bro that scene is epic 👏
    5
  19326. My brother just bought a townhome in Doral for 708K which is a 3/3 and I helped him by doing it for free as I'm a realtor and he is 100% disabled from the Army and he still has to borrow 10K just to close last week. I tried my best to advise him not to buy but his rental went up excessively so he had to leave.
    5
  19327. Hey Michael, can we do luxury apartments or condominium review?
    5
  19328. I live in Miami and currently own the townhouse that I live in. I’m looking to move to a house in coral gables or Pinecrest. Do expect these cyclical markets to take a nose dive and if so, when?
    5
  19329. We're going to lose the car market and the housing market basically at the same time
    5
  19330. 12:52 There it is. That's the real reason these huge insurance companies all dropped out at once. They need to pressure the regulators in order to gouge homeowners. They can't be happy with just declaring certain zones in california danger zones and not insure those. Nope they want to be able to gouge all the other homeowners in the state that are not in danger zones.
    5
  19331. Yeah don’t buy in Miami, by in Jacksonville Florida instead hahaha 😂
    5
  19332.  @MichaelBordenaro  You are much too authentic and nice for Hollywood.
    5
  19333. Enjoyed the video. Scenery and music was nice. Try visiting the desert during the late fall and winter months. I find the desert to be more scenic during the winter season. Enjoyed the video !!
    5
  19334. Greetings from Central America. Inflation will not effect any of my travel plans. Being a 21 year military retiree, and owning beachfront properties in Costa Rica and Panama. Travel expenses are miniscule, to my multiple positive cash flows.
    5
  19335. Love the walking tours. Great idea. Nicely done, holds one attention yet not too long.
    5
  19336. I knew these people running to Florida and Idaho and other states would have to go back. Why they bought and didn’t rent is beyond me. So many that left NYC to run to mommy and daddy or some cheap state now can’t find apartments. I laughed when all the idiots said NY was dead. It’s as insane as ever and still the best city in the world.
    5
  19337. 👍😉
    5
  19338. Single; 55, retired, approx $200k in 401k, $4k/mo pension, $100k savings,0 mortgage on primary. Goal is FL 6mo/yr. Not sure how to proceed, nor when?
    5
  19339. IMHO, it’s all crashing. I hope not. But my instincts tell tell me otherwise.
    5
  19340. Hey Michael can you please walk through the opa locka neighborhood . Thanks !
    5
  19341. Great job as usual. California is totally insane. There are no property rights anymore. That is why so many people are moving out of the state ( if they can ). Would not buy an investment property there.
    5
  19342. Hey man I just gotta say you did look more chill and happy when you lived in California with long hair. I get it someday you get at a certain age and want to leave the state to a more conservative state but that’s not me I moved from Florida to California the scenery the people out here is so much better why would you pay tolls when you have freeways or why would you go to a swamp when we have mountains Fl is a retirement state 😁
    5
  19343. Now that you've gotten to The Villages, you just have to wait a few decades! BTW, where were Dorothy, Blanche, Rose and Sophia?
    5
  19344. I think your poll shows nearly 50% of the people now would reconsider buying there! That is a HUGE reduction of potential buyers. I don’t think you interpreted the results like that. That’s means about 50% of the people sitting on the sidelines for Miami and the Eastern seaboard now may be going away.
    5
  19345. Thanks God you are ok!.
    5
  19346. My dogs food is 400 a month❤
    5
  19347. What an awesome video...I love that you filmed IN the ocean. I really want to be in Florida.
    5
  19348. Damn a lot of people are saying that they are moving to FL 🤣 I hope there are tons of jobs waiting for them 😆
    5
  19349. Way too much for one short trip around the state, for sure. I'm still hoping you get to spend some time in Gainesville, at some point. College towns are often my favorites.
    5
  19350. Married for 30 years now. It's too late to turn back and get out. There's going to be good times and bad times. Deal with it, you won't regret it.
    5
  19351. Yeah ny is absolutely nothing like Florida. Not to mention here in NY is verryyy expensive. People just assume Florida is expensive but actually is much cheaper and money saving.
    5
  19352. I feel very lucky to be in my forever home
    5
  19353. Eh, I don't see an actual crash coming. I agree, it should have happened in 2020, and as a first time buyer, that's what I was waiting for. Instead, the market went fucking insane and I saw many of my friends making double digits gains in value in 6-18 months. We have too much demand and not enough inventory right now. And in the long term, housing always goes up. I think we'll see string demand and price increases for the next 2 years at least due to the above issues. When inventory and supply chain issues get resolved we'll probably see a cooling on priced in tandem with higher interest rates. But the homes won't just lose value, there won't be a real correction. Housing has become insane and ridiculously unaffordable in the US. If you look at China, I think we're heading that way. Right now the average home in most metros in the US is ~4-5X a good salary (used to be 2X) and in China it's 7-10x. We're heading there.
    5
  19354. Greetings from Costa Rica and Panama.🏖 The new and improved "American Dream," is owning a reasonably priced beachfront home in Costa Rica, Panama, or both!
    5
  19355. GREETINGS AND THANKS MICHAEL ❤
    5
  19356. The St. Pete’s house 🤣 the sound effects you added lmaoo
    5
  19357. Hi Micheal. My 352 unit apt complex in Lakeland has now lowered the rents on the two types of 1/1’s and the 2/2’s by $400.00 a month! That’s $150 less than what my next $100 lease increase will add up to. So many empty units due to people not being able to afford this past year’s increases. They list three units per type on their website. All three 2/2s listed are $400 less. Crazy. As far as a National Rental Cap, I’m for it. Too many people hurting.
    5
  19358. Ten years ago, we bought our current home without having sold the previous one. Our insurance company informed us that we'd have to pay a very high insurance rate on the "vacant home" if it didn't sell in X number of months. (Sorry - I can't remember the number, but it sure wasn't a long time.) The insurance cost that they quoted was astronomical. Worst case scenario, my husband and I decided that we'd each live in one of the homes if "vacant house insurance" became an issue. Fortunately, the home sold with the first buyer. Question re: the vacant homes you're referring to in the video: Are these people paying extraordinarily high insurance costs because their home is vacant?
    5
  19359. I remember 13%. Lol.
    5
  19360. The best car ever is a car/truck that already paid off but still running It doesn't matter how old Yours car is .as long as it's paid off still take you point A to point B and reliable.
    5
  19361. Did you say 6% agent fees? 6%? SIX?
    5
  19362. When the job losses start, the decline will be rapid. Massive disaster is on the way! Lawd!
    5
  19363. Delray Beach, Anna Marie Fl/Bradenton Beach, Ft Meyers Beach areas on my target list. It seems as the southwest coast of FL has less housing that is walkable to the beach (say 2 miles) than the southeast coast due to the geographical land outlay. Just looking a zillow and redfin, it seems as there is more housing on the southeast coast available near the beach, so perhaps this makes the southeast coast of FL more affordable.
    5
  19364. I hope you continue to have good luck/fortune with your condo situation, Michael! You are smart about this though, so I know you planned well and will do what you need to do, should things change.
    5
  19365. Reading people complain about the cost of car insurance in Florida made me giggle. I live in Boston and at one point my car insurance was $3600 a year for a Jeep that was 6 years old. 😭
    5
  19366. I didnt have insurance for a year and didn’t find out until the new mortgage company said something!
    5
  19367. You explain really good thank you!
    5
  19368. Hahaha I just got back from visiting Florida, (I live in SF, CA ), and had a bad- hair day the whole time I was there! 😢 And, you are absolutely right people drive SUPER CRAZY , especially on the east coast 😬
    5
  19369. On Zillow it shows the three properties next to each other on West San Marino Drive as $26m, $41m, and $56m if I remembered that right. Yep, Michael’s point that people are beginning to sell because they simply can’t afford to keep them makes a lot of sense. But such a beautiful place and beautiful homes.
    5
  19370.  @MichaelBordenaro  Saddest part is not all victims of this crisis are young and have enough time...some of us our older facing a more difficult job market and less secure in our careers
    5
  19371. The majority of Californians are heading mostly to Idaho and Utah. Idaho and even Utah folks don’t want these Cali residents to come over that way, due everything is starting already changing up the lower prices these states have comparing to Cali. They don’t want the wave of tech companies to bring all the same repetitive social economical issues (they always bring to every part of the globe) now to bring to their states, communities- higher rents prices, taxes etc., I also agreed and understand those states and it’s communities the social impact it brings as well since it never fails that people tend to bring or think that the same bad behaviors; robberies, shootings, crimes, etc., they did over in their original state (Cali or whatever other state they come from) can bring it into another states that has more calmer, safer communities, towns, etc., Well I think just the Sea Lions, Pelicans, etc., will be gaining back their Cali habitat 👍 and might be the only ones now who would enjoy living rent free 🤣 while companies and Cali folks are fleeing 😆
    5
  19372. Your prediction is spot on with the 18 year real estate cycle, which has been around 100 years now
    5
  19373. Another great video with examples I haven't seen others give. I like that you mentioned not all parts of Florida are the same, nor have the same opportunities. One of the reasons I'm leaning towards moving to the Tampa area or within 30 mins, are due to opportunities, the events/things to do and the airport. Even though I have friends in Jacksonville down to the Keys on the East Coast, I feel like The Gulf might be closer to what I'm used to here in California. That's where I'm at after researching from the panhandle down anyhow. Thanks for touching on that topic, it's a good reminder.
    5
  19374. Only when housing crashes by 50% will it occur to people that buying a $800k house was a mistake
    5
  19375. Great Video! And Mic stood up great to those high winds…. Sounded awesome 😊
    5
  19376. Michaels has some 5$ offs
    5
  19377. But Michael, if you wear sleeves, how can we tell you've got your tickets to the gun show? I guess you could always roll 'em up, but it adds a step. Luxury housing stock is piling up here in LA, but developers keep building it: there's tax incentives to do so (it's a writeoff) and strong disincentives for building "starter" housing. The labor and material costs are just about the same for starter/luxury housing, and the potential profit for luxury is 300%-500% greater. The government has to fill the gap somehow (cue boos and hisses from the Ayn Rand fans). A mix of the government building rentals and subsidizing single family starter homes so that builders can get a profit from it seems to be the way to go. I grew up in Oakland in an area with rent control, and it doesn't really work very well: owners don't maintain the property and renters figure out how to game the system. All this will cost money, of course, but if there's anything left after we send $100 billion+ to Ukraine, gosh, maybe we can house some Americans. (Nice product placement at 00:52 --hope you charged Pepsi big bucks for that one) Merry 🎄🎄🎄🎄🎄🎄🎄🎄🎄!
    5
  19378.  @MichaelBordenaro  when I have used Airbnb. I always read a host's reviews. A 3 rating would give me pause.
    5
  19379. The modern mall killed off mom and pop stores. Now, Amazon and others replace the malls. Someone will replace them also.
    5
  19380. As always it's fun to be walking virtually in your neighborhood and listening to what you're saying.
    5
  19381. As the saying goes, never let a good recession go to waste 😁
    5
  19382. I have a manufactured house with 6” stud outer walls, bullnose corners, and 1/2” drywall with tape and texture from the factory. It waaay better built then the tract homes right next to me they’re selling for $400K
    5
  19383. A place I would like to visit is either Jacksonville, Las Olas, Fort Lauderdale or Daytona Beach. I need to be close to the water... =)
    5
  19384. When it come to home insurance please shop around Every few years Never stay with the same company for too long You would be surprised How much money 💰 You save 🤑👍🤠
    5
  19385. Mike If you rent out your condo you will most likely to pay very high Landlord tenant insurance for your condo. Plus you will have to deal with nasty tenants who might trash your condo
    5
  19386. Look's like it is turning into a worn out dump
    5
  19387. I'm in the Los Angeles area looking to buy a home for no more than 500k. I have 65K for the down payment. I want a 2/3b 2b but the asking price for many is still ridiculous. I just saw a home with 1b 1b going for 450k. That's insane,and it already had a "price drop." It's looking like the end of 2022 might be the best time to buy before the economy rebounds.
    5
  19388. Michael, what's the best time to buy an apartment in yonkers ny if you have money saved for a 30% down payment? Should I renew my rent lease in June for 2 more years or buy now? Thanks.
    5
  19389. Average American households make $75,000 a year meaning they make $100,000 Canadian per year. That’s average.
    5
  19390. Just imagine if you are like me and have lived in Miami from 1968-present. i consider Miami like a bubble on the side of a failing tire. The first to inflate and the last to deflate. The wages in Miami are the lowest in all of Florida it seems. Restaurants? I have not been in one in a long time. i grew up with buffets which no longer exist. Now as the 40 year carnivore it's kind of a given I would have to eat at home. Prime rib is a good meal though! You Michael are the kind of person we actually want to come to Miami. No BS just reality!
    5
  19391. 3 teslas? And there’s the cops 😆
    5
  19392. GOOD VIDEO MICHAEL. ❤ HAPPY BIRTHDAY MRS. B.🎉❤
    5
  19393. Thank you so much . your video's have vary FRANK and to the point. i am about a month from moving from Canada to Florida and your video's have been priceless . video's on moving to Florida ? the best on Youtube.
    5
  19394. I very much enjoyed your video. I would love to see the implosion. Also, I’d love to see the Fontainebleau Hotel on one of your walks. Ever since James Bond/Goldfinger, I’ve been intrigued. I feel badly for the people in these buildings that are crumbling.
    5
  19395. What is the risk to the buyer putting 1% down? The risk is on the banks and for everyone rooting against the bank I’m not sure I understand the concern here. If prices begin dropping and people walk away this could be where the sellers come from. And, if prices go up, the borrower gets into a home for 1% down. If DTI is low, and credit is good I think you’re seeing this backwards. It’s only for a primary home. And, if I could get into properties with 1% down I’d do that in a second.
    5
  19396. Lots of people not having kids hasn't made the population drop yet.
    5
  19397. I lived in Santa Cruz, one of my favorite towns really. I would vote for that measure for extra taxes in those empty summer homes or whatever they are. Sure it will get corrupted and if I owned one would not be happy. But if I had enjoyed enough money to leave a place like that empty I could probably afford it. A good way to level the income gap imo
    5
  19398. Yeah but the property tax office can do the same if you don't pay your taxes. Nobody ever truly owns property. We're all just some type of renter.
    5
  19399. I have no problem leaving these people. xD
    5
  19400. I agree 100% with you. No electric vehicle for me either. Never never, never for me, for me. (One of my favorite songs).
    5
  19401. Starting "Goodfellas Property Management" today!
    5
  19402. Funny I bet they're using the exact same articles they used in 2009 and back then they never ever admitted there was a housing crash They just stopped talking when the foreclosures were exploding. I wish one of these channels would go back and pull all those articles from the previous crash. I bet the headlines track almost exactly
    5
  19403. My additions to your list: 1.) water leaks -- if you live on top, your water leak affects your downstairs neighbor and you then have two repair bills 2.) if your building has a common door, others can mess it up on you -- ruin the lock (so you have to go around the building to the back door) or damage the automatic closing mechanism (then everybody in the building pays for the repair) 3.) the city periodically sends inspectors to multi-family buildings, where you can fail for such things as your condo unit doors not automatically closing fast enough (that's supposed to slow the spread of a fire) 4.) you have to accept the condo association schedule -- when they decide to repave, you have to park elsewhere; when they decide to repair part of the water system to the building, you get your water shut off: when they decide to ... 5.) [related to #4] you have to wait for them to repair any common lights (like the building hallway), to get pest control for squirrels in the attic (considered a common area), to replace faulty beeping smoke detectors in the common areas, etc.
    5
  19404. More potential home sellers on our MLS are renting out, or trying to rent, their homes. Huge increases in homes for rent on the market. Makes some sense but it is putting pressure on expected rent rates causing them to decrease. Big price cuts in asking rents here in MD.
    5
  19405. Maybe do a tour of Coconut Grove and Downtown Coral Gables someday.
    5
  19406. Great video. I check listings for homes in three areas in the US that I am interesed in living. There are small price drops but not enough yet. The pacific northwest is where I would love to live but it is still pricy. In Washington State some of the homes look so bad that even Daniel Boone or Lewis and Clark would pass on it 😂. I also study the price history to see if folks are trying to or have flipped the house. I saw a home in Yuma AZ where a house was purchased for $88K in 2002, now it's listed for $1 million. What craziness.
    5
  19407. I just cleaned clothes out of my closet and donated to Goodwill. Cut the FAT. Right?! Feels good when you pull the trigger.
    5
  19408. You can get a really nice trailer for 50-80k in the Tampa area. Seeing rents 500-700 for 5 star parks. It's not a investment I am willing to make but it's still it's tempting.
    5
  19409. ​ @MichaelBordenaro  I hope you are right, what is happening is just about everywhere its staggering. I will have a good amount to put down on my next home compared to the average person that moves to Florida (over $100K) but as a Midwesterner on a single income, I am going to be outgunned by a dual-income buyer from the Northeast or West Coast who is selling a much more expensive home. I will keep watching you for sure, keep up the great work !
    5
  19410. You know what’s super expensive in Florida relative to Chicago- grocery stores, targets, and pretty much everything besides taxes lol
    5
  19411. I don't even want to buy a house anymore. Any state could have disasters like Ohio and become hazardous to health, and having a house will just mean being stuck.
    5
  19412. Btw, Why isn’t anyone talking about how bad the Las Vegas market is? I believe that Las Vegas is absolutely the worst in the Country regarding falling prices. Thank you Sir.
    5
  19413. Irma did not brush Florida.. lol Hit is directly west of Orlando . Been through a lot of Hurricanes Irma was the worst for me! Slept in the hall with my dog. New sub.
    5
  19414. Every where you go is experiencing shortages, and every where you go houses are even selling for double the price not just Miami or Florida.
    5
  19415. As if we couldn’t be bracing hard enough, we are hunkering down even more! I don’t plan to go anywhere for the foreseeable future! Gas is gonna be so high! Hang in there, everyone!
    5
  19416. Good examples of how to save, as way too many have no idea how to live within their means. I grew up very poor, so learned the hard way to do without things I didn't absolutely need. Now, I am in better shape than when I was younger, but live frugally so that I will have the funds for other things I might need. Back then, we also didn't have the added costs of cell phones, computers, and internet monthly bills, all of which make the cost of living higher. Yet, we can't imagine living without all of these things in this techy age as we have become dependent on them.
    5
  19417. We live in Central Florida, they are still building in our subdivision. I was told that people are having their home built, sight unseen.
    5
  19418. Another great video! Florida weather is indeed not very good for beauty. I looked like wet hen when I was there 😆 It is good for anti-aging though 🤩
    5
  19419. I disagree for once. It’s not “at the expense” of your parents. Some people would rather stay home, save money, help parents while they’re at it and enjoy life. I’m not saying it’s cut and dry, but not every kid is a burden to their parents.
    5
  19420. We bought in Port Charlotte 2 years ago, since then, comps on our house are at least $10K-$15K more today. PC is a nice area, we're on the south side of the Myakka River next to Englewood (another small town, reasonable RE). We're about 15 minutes to beaches and entertainment, it has an old Florida feel to it, although a lot of new development. We bought it as a retirement home, downsized, only 2 br but with cathedral ceilings it feels bigger, an older home and we've made upgrades such as reinforcing roof for current hurricane standards and impact resistant windows. I agree, there are options besides expensive model homes, in tourist towns and cities. For us it was about outdoor living in a quiet and friendly community, and we found it.
    5
  19421. If you see this comment micheal keep making these videos I love them there interesting❤️
    5
  19422. Along with home prices increasing, Homeowners insurance in south Florida is also skyrocketing. Please do your research on insurance premiums before you buy certain areas can be in a flood zone. The insurance premiums for flood zone I have seen $20,000 or more a year.
    5
  19423. Yep. Strapped for cash isn't the place to be for homeowners. I had a plumber out today doing basic repairs of pipes. Just general maintenance that has to be done ever so often. $1752.20.
    5
  19424. Now, if only the stock market would go up while the real estate goes down.....🙃🙂🙃🙂
    5
  19425. Great video! Is it possible to take the Real Estate Course & Exam online? I have a Bachelors degree, does that help at all with the course?
    5
  19426. Man you nailed it with this one! I can tell that trip around Florida had an awesome influence on this list. I agree almost across the board with this list. It is a more accurate/current list of best places. Most videos and opinions of Florida’s best places were outdated when I prepared and moved here.
    5
  19427.  @MichaelBordenaro  Extended stay monthly prices ranged from 12 to 13 hundred. That's not a bad deal. You probably won't find a decent apartment for that price.
    5
  19428. I appreciate your knowledge and advice. Keep it coming Brother 😎
    5
  19429. I was feeling too good today so I thought I'd come here to get depressed. 😊
    5
  19430. Great content! And your wife seems so sweet:)
    5
  19431. I was checking out Toll Brothers Homes in Northern Scottsdale yesterday. There is this new development called "story rock" where the real estate agents were telling me that 95% of the homes in these new developments are being purchased by people out of state. So dang frustrating...
    5
  19432. Love your walking tours, feel like I’m in Florida from my computer desk in Philadelphia 1,200 miles away
    5
  19433. Congrats on your awesome milestone achievement Michael! You certainly earned it!
    5
  19434. thank you Michael for doing these videos, i look forward to them everyday. I always learn something new. Well done my friend!
    5
  19435. I am so lucky I was fortunate enough to buy my forever Port Orange home in cash before I sold the home I was currently in. Gave me 6 weeks to get the new house ready to move in. It was a small move that I did I pickup truck load at a time
    5
  19436. I hate waking up early but only if I have things to do. I’m also a night owl, but sometimes I love to wake up before the sun and also experience the calmness and watch the sunrise. But, only if I don’t have any big tasks/work that day.
    5
  19437. As much as there are annoyances with HOA I feel they are worth it. It really does keep up property values and appearances. Nice video again Michael!
    5
  19438. 11:27, those are to repel feral cats and other pests. They get pretty annoying.
    5
  19439. Wow, Michael you are professional singer 👏
    5
  19440. Yes, Tampa and the communities on the west coast.
    5
  19441. Oh my goodness your young! people in there 40's, 50's and even 60's make moves or life change moves for different reasons. just do your homework and research. weigh your pros and cons! that's it. do what's good for you long term
    5
  19442. Yo I'm waiting and cash the more bad news you bring the happier I get lol
    5
  19443. Hmm. What about the mortgage requirements that the current owner use the property as a primary residence? Converting to rental should trigger an acceleration clause. This was a big deal in the last Foreclosure Wars (in which I was ass deep). Seen any of this raise its ugly head again? Golden Handcuffs for sure. When no option looks better, stick with what you got. I like this lady. "Can't make 'em". I guess then it should be "Chump don't want no no help? Chump don't get no help". Best line in the movie "Airplane".
    5
  19444. With pay increases the cost of living and inflation eats up and surpasses any personal gains. The majority of people are broke. An taxes an fees too many taxes too many fees on everything.
    5
  19445. Looking at moving here from the uk after college
    5
  19446. This TOUR video is very helpful as you have a complete conversation about the situation in a single neighborhood.... like Crime rate, Good spot, Price range, Parking info, Buy/rent, HOA fee, ....tricks, complaints, local jokes, gossips, recommendations plus some history. You can create a series of videos for each neighborhood in the Miami beach !! then all people will love to check out your series before moving here. Plus I like that you share the best spot in your opinion from a sightseeing perspective !!!
    5
  19447. Zello estimate is fake the real estimate is to go and see how much that house was in 2018 thatsthe real price of it
    5
  19448. Tesla model 3 is 299$ w 3k down for a 3 yr lease w 10k miles a year. W the car prices rn that’s basically a no brainer
    5
  19449. I can see multiple family and friends purchasing homes together and pitching in sounds like a disaster waiting to happen. High probability of arguments, lack of privacy and no compromises.
    5
  19450. Michael, great video, question in your honest opinion where do you see the housing market by June/July in the Broward/ miami dade area?
    5
  19451. I can definitely relate. I moved to Clearwater from NY in July 2019. I was planning on getting some frequent flyer miles on flights back and forth. Then the Corona madness happened and NY and Florida were like two separate worlds. 2020 was tough emotionally. I only knew the family through FB and it didn't help that we aren't the same persuasion politically. 2021 is looking much better, though.
    5
  19452. When do you expect to see prices going down? I know some areas are going down but there are many other areas that are not or even stronger. Do you expect that to remain the same or will that be contingent on the interest rates? Because I think many people expected the prices to go down more than they have been if rates got up to 7% or so.
    5
  19453. It’s not that hard to avoid being a “ foreign investor” in Canada. Just incorporate, or use proxy nominees. The policy sounds great, but enforcement is a whole other matter.
    5
  19454. Transplant from Miami to omaha this place getting full of west coast people driving prices to fl levels
    5
  19455. Its the same thing over and over in this world..this will all happen again and again
    5
  19456. I couldn’t afford Florida no more so I had to move to GA👍🏼
    5
  19457. Hurricane season will be bad this season. Florida be under water
    5
  19458. Always wanted to live in a warmer state like Florida my whole life.The life style there looks much higher quality. I'm from Massachusetts and taxes are just as high as Illinois. Started my own e-commerce business last year and didn't realize how much of a bite the state income tax takes. So now my wife and I are seriously considering to rent in Florida for a year and see if we enjoy it then possibly by a home later.
    5
  19459. Michiganders always get hit hard as hell whenever there is a recession. So actually having Florida be so popular contributes to a very good economy. We are moving there for health reasons for my husband but we are also bringing with us some very cool business opportunities from Michigan. But I also lived in Elfers Florida during elementary school so I feel comfortable there.Be thankful God has blessed this area.
    5
  19460. stick the phone in a bag of rice for a day or two, it'll dry it out.
    5
  19461. Both have bad drivers
    5
  19462. I live in Fort Lauderdale and enjoy your videos, Michael, but as a musician I am just too curious. Please give us a breakdown on your rig in the background and your music tastes!
    5
  19463. Michael, you are correct. Fed should raise rates. Choke off spending, first, they gradually reduce rates. But toooo much politics involved. Kick the can, as usual.
    5
  19464. Well there are a lot of affordable homes here in central Florida. They’re just in the hood.
    5
  19465. Thank you to our host for taking us along on tour. I embrace new technology only because I know it is here to stay.
    5
  19466. Bro you're right on the money! I appreciate your video my guy!
    5
  19467. Thanks 💟
    5
  19468. A Quarter Million Dollars for a Home that's trucked to your Lot . Just one more Sign that the American Dream is on Life Support .
    5
  19469. I currently have three homes in NYC, Hamptons and South Florida and none of them are rented out. And I am far from rich. I suspect there are many people in my situation. It’s not that hard.
    5
  19470. Do not buy unless you plan to stay for 7 years.
    5
  19471. Hello Mike, thanks for all your input and videos on the market. The only thing I want to point out and highlight re: the 18% rates of the 80’s and the costs of homes in that era is that wages and salaries were also significantly less that what they are compared to modern day workers. Therefore I must say the strains on the household income was probably more difficult considering many did not have dual income earners, and instead it was typically/traditionally still a period where women stayed home to raise kids, care for the homes and sometimes aging parents while the man worked to pay the bill, support the family and keep a roof over the family’s head. Best regards
    5
  19472. Nice, be there soon. Love the content.
    5
  19473. The dealbreaker for me is the whole car thing. I am always working on my car, I'd go broke if I had to pay a mechanic to do everything. No can do. Condos are not for me.
    5
  19474. I have never been able to be the first to comment . Love love your channel and the content you report on. Supper informative. Thx Mike ...sub for life.
    5
  19475. Important to remind ourselves that previous economic calamities seemed just as scary and nobody knew where the dust would settle. Weird time out there. We'll get thru it. Take care of yourself and each other.
    5
  19476. Inventory is still low and realtors, mortgage companies and loan officers will be out of jobs !
    5
  19477. Miami Shores is a pretty special place because is fairly close to downtown, the bay, the beach, and other South Florida amenities, yet it's a fairly quiet community. It's an early/mid 20th Century/post war community that was platted before land efficiency became a huge issue in Miami. You notice that the lots are generally greener/larger when looking at Miami Shores on Google Maps Satellite view.
    5
  19478. that section of homes you showed in the beginning looked pretty incredible, but it's foolish to build there, even our Messiah said so
    5
  19479. Happy Birthday. Call your mom and wish her a happy birthday as well. It was a team effort.
    5
  19480. About time! There is a curly headed lady following you. Thanks for the show. I haven't eaten mc d's " food " for years.
    5
  19481. You gotta get checked! 😆Greatest line yet!
    5
  19482. my Coldwell Banker agent agrees with you. If you're a Buyer, I suggest waiting until Labor Day 2023.
    5
  19483. Very Nice! I never heard of this- however I thank you for taking the time to Explain- and for the link! ChaChing! for me and for you! Blessings- Keep doing what your doing! :)
    5
  19484. J.P. Morgan might as well be another dept of the govt.
    5
  19485. Thank you Michael. Ocala looks beautiful. Did you get a chance to go to the local horse farms? Ocala claims to be one of five places designated as the Horse Capital of the World.
    5
  19486. I've never owned a house and I never will, and I'm great with that! Thanks for another awesome video. :-)
    5
  19487. I hear you!! We do still have the wear the mask in stores and restaurants here, but thats about it. And obviously this mask and lockdown stuff isnt working. Not sure why govts are pushing measures that don't work, but I understand the frustration!
    5
  19488. im always astonished to the lack of finance basics. its by design and i am heartbroken the amount of wealth that will be lost due to ignorance. my inner circle, most are millionaires on paper, but will probably wiped out in 6 months
    5
  19489. Preach! Totally agree with your take on illegal immigration.
    5
  19490. I've been living in Orlando and it's pretty good here although crime is high and I plan on moving back to California. Good video btw!
    5
  19491. No. The lower interest rates will not persuade me to buy a house
    5
  19492. I’ll be out there in 2022
    5
  19493. There are millions of houses for sale but they are not in areas where people need or want to live. You can buy a nice house in a Rural area for a low price but the fact is many of them are 100s of miles away from any significant population area or are in a depressed area lacking jobs & services or both. There is massive demand & low supply in & around metro areas where people need & want to live. Also many metro areas only have a few "nice" areas where people actually want to live & these areas are in high demand, (basically no one wants to live in the ghetto). You can buy whole blocks in Camden or Detroit for $10K but no one wants to live there.
    5
  19494. Can we really trust these numbers anymore? How do we know their accuracy?
    5
  19495. From south Florida originally but been living in San Diego the last 7 years. Let’s just say 2023 is the year I’m coming back to Florida but on the west coast of FL this time. Done being taxed to death and stepping over people passed out sleeping on sidewalks everyday.
    5
  19496. "Strategic default" aka theft. I'm someone who has been paying my student loan debts because it's an agreement I made willingly without being coerced as an adult in order to get the education I have that I've leveraged to get myself into better opportunities and hence more money which allows me to manage my student loan payment. Am I unhappy it's been $600 a month for years? No of course I'd love to HAVE THAT MONEY but I can say I make hand over fist more from my job that I got with my computer science degree as a software engineer than I would have without it! It was a business transaction. And those SHOULD be respected. Anyone not respecting it I hope never deals with someone that thinks like them!
    5
  19497. I lived in Miami Beach as a kid, then moved back here to Cleveland. What a downgrade....
    5
  19498. I moved to Florida from California to retire !
    5
  19499. If I had the capital to buy up condo buildings I would do it just to dole out handsome buyouts to all the owners except the Karen next door who harasses neighbors and gets their cars towed away out of spite. She the lowest buyout possible. Well, that May never happen but at least I can dream .
    5
  19500. at this rate... unemployment might go higher than 3.2%
    5
  19501. Michael did you buy the winning Mega Millions jackpot ticket in Florida? 😎
    5
  19502. I saw Bon Jovi, Whitesnake, and several other similar bands in their heyday for under $50. Unfortunately had to pay nearly $300 to see WASP on their current tour. They are Amazing and glad I went but at $300+ it really makes. You choosy on what bands you want to see.
    5
  19503. Notice how empty the mall looks a lot of seniors go there to walk there is not many people carrying merchandise
    5
  19504. Mike, I read that California is also giving all illegals free health care and free college.
    5
  19505. Thumb up! Love your video and your good analysis. What’s the property tax, including school and mud taxes, in Miami ?
    5
  19506. What?!! Are you saying it’s not normal to gain 160k in equity in 26 months?
    5
  19507. It looks like you stayed on one side of town. Its not a city by any means, but to say there is no shopping is misleading. We have Target, Ross, TJ Max, Michael's, Pet smart, Petco, Hobby Lobby, Belks, Bealls, Walmart, Famous Footwear, Bath n Body Works, Ulta, 2 Starbucks, 2 Dunkin Donuts, a beautiful movie theater, tons of fast food and restaurants, several beachside bars that are pretty nice..also there are plenty of young families that have moved in and love the lifestyle.. I used to work in St Augustine. Drove every day..it's really not that big of a deal..but you are correct, its probably not for everyone..
    5
  19508. I love your content and will continue to keep watching your videos I was born in Miami in 1983 and I work construction starting when I was 14 years old my first job was at a Miami-Dade County schools warehouse building installing roof drains it’s always been hot as hell in Miami during the summer months it hasn’t gotten any better or worse high tides have always flooded Miami Beach all these climate people are so full of crap Research the underwater man-made structure off of Japan that 60 feet below the surface and let me know if cars cause that to happen
    5
  19509. I learn a lot from your videos. If you have a minute (and are inclined to answer this), do you think prices will reduce in places like Puerto Rico and/or tourist (ex-pat.) communities in Costa Rica and Mexico? Are the trends happening in the U.S. real estate market bound to impact these peripheral areas, too? Thank you.
    5
  19510. Hi Michael, I moved to MB a months ago and it doesn't seem so easy to make friends here. Do you have suggestions about ways to make friends in Miami beach? Thank you in advance :)
    5
  19511. Thanks for this video! My parents are retiring to Florida sooner than I expected and my little tribe is going with them. I see a lot of new builds on the listing sites all over Florida and I wonder how that compares to salaries. I’m just so sick of Chicago. Love my house and my neighborhood is decent, but this city is just so loud, congested, and downright dangerous.
    5
  19512. Maybe you can maks some videos focusing on affordable single family homes? I think that’s what most people are considering. At least me😉. I like a garage for my toys🙂
    5
  19513. I read where CA is going back to assumable mortgages. Banks don't get it, though. Home prices are not what buyers want to pay.
    5
  19514. I live about 45 minutes from there. Colorado is Awesome!!! Denver is Not!!!
    5
  19515. Thank you. I was getting to that. In the end, it's the buyer who ends up paying for everything. The buyer is the ONLY one bringing cash at closing. I was in a slow burn about all of your verbal gymnastics until you said that.
    5
  19516. Florida is still the land of freedom... People will continue to flock to this state
    5
  19517. Great sensible, content regarding refinancing Michael!
    5
  19518. Personally, i am boycotting the housing market. I will be living out of my Portland office until Michael talks sense into people and we see some sanity. Maybe some fancy hotels here and there too.😂
    5
  19519. Video is so important to me. My daughter lives in Port Charlotte and her home got destroyed basically flooded and this information starting at the 14 minute mark was so important to know and I'm going to share this with her. Thank you for helping us and guiding us and what to do and this kind of situation. God bless you sir.
    5
  19520. Yeah Stacey Abrams coined it. 🙄
    5
  19521. I lived in Hallandale one month, and then around the corner in Hollywood on the beach for a year. That was a long time ago. For perspective, my beachfront studio in a high rise building was only $550 a month and that included some extra services. That very same 400 square feet now rents for $1500. So costs have gone way up, and I fear for many of us, the ship has just sailed. I have been back to Hollywood every few years, and the past 2 trips I found people living in hotel rooms. They can't find an apartment for less. That is a strong hint of rising cost of living. If you take a basic Uber ride, you'll be sharing that ride with strangers, unless you pay triple the fare. The supply of money has gone so high and the desire to be by the beaches has blown up with it. I see on your video list you discuss this issue, so I'll give that a watch. Thanks!
    5
  19522. I like your videos too 😂 I’m from Venice!!!
    5
  19523. If you like the stilt houses check out gulf shores Alabama. It is right after Florida state line on east coast. It's close to that Navarre fl you found. I looked up Navarre because that was a beautiful beach. FYI I am from Florida, I know the beaches well. On the west coast I love De soto, Clearwater, Saint Petersburg, Valono is a nice spot but not as pretty as De soto. On the east coast my favorite hands down is Saint Augustine. But Ponce Inlet near Daytona has surprisingly soft lighter sand. The east coast is defiantly more dense red sand with broken shells and grayish/green sometime gray blue water. But the history is so interesting. If you ever get a chance check out st. Augustine it's a little treasure of Florida. In fact if you ever want to talk water HMU, my email is in my about page lol!
    5
  19524. Tell Mom she did fantastic ! From one Mom to another! 💜💜
    5
  19525. I lived in Cornwall UK. It's a tourist county and the only part of the UK that has palm trees, white sandy beaches and clear blue waters. Yes, I'm serious there is a place like this in England, UK! I highly recommend it to any American tourists. Of course the weather is not as hot and sunny as Florida but in terms of life quality, it's really nice. Like Florida, Cornwall is really far away from everything, it's on the bottom South West tip of the British Isles. The best part of living in a tourist town or city is the tourists. You are guaranteed to meet lots of people. Tourists are always happy and upbeat and great fun to interact with. I'd love to move to a sunny state such as Florida. The USA is such a huge amazimg country, you could spend a life time exploring it.
    5
  19526. I lived in Los Angeles now I live in Tampa. When I tell people it's more affordable to live in LA... Just not gas or house prices... they don't believe me! I'm a first hand experience!
    5
  19527. Good 👍
    5
  19528. The Fed dropped rates in 2008 to make homes cheaper to incentivize buying to restart the economy. The Fed now is raising rates to make homes more expensive to slow down inflation. ‘Pay attention to what the Fed is doing,’ indeed.
    5
  19529. Hell no we shouldn't be subsidizing million dollar houses. Like I said before, there's plenty of affordable homes in America. They're just not usually in the areas that everyone is trying to pack themselves into.
    5
  19530. This is an active lifestyle community. The majority of us are at Pickleball, or golf by 7 am especially in the summer months. Water volleyball, beach tennis, platform tennis, etc. We are fine ending our days at the squares at 9pm. FYI…certain restaurant/bars stay open til 11pm or midnight for the night owls. Anyone of any age can stay at the Waterfront Hotel. Also, there are a lot of younger people (47-60) living in villages south of 44 (the newest section). We retired here a year ago at 60 to start living the lifestyle. 😊
    5
  19531. Very nice to see a RE agent who is aware the real estate is a slow moving pump and dump. It is a casino that moves like a snail. Maybe not always, but often. If you can time it well and are handy with repairs, then that will help a lot. I bought an old fixer upper in a prime location 5 yrs. ago. I put only the most necessary repairs into it ( roof, a/c, etc ) and it is comfortable. I have considerable assets but I value liquid and safe returns over shiny new things like expensive homes and cars. But I have always been that way because I do not want to give up my health to any job.
    5
  19532. The best part of being a landlord in Florida is I can get my deadbeat tenant out within 45 days. My rentals in NY state can take six months or more to boot a deadbeat.
    5
  19533. ocean life baby
    5
  19534. My two favorite YouTubers!
    5
  19535. What do you do for work to be lounging around everyday like this ?
    5
  19536. Had a 401k back in 2001 huge company huge returns more than 20% a year got that thing up to 80k quit my job took it all out bought a house started my own business took the tax hit, the first month in my own business I made enough to absorb that tax hit living life taking my daughter to private school every morning picking her up every afternoon being a great single dad fast-forward to the Great Recession and people who I knew had 250 Grand in their 401ks got it knocked down to about 80 grand started a major lawsuit yeah they got no resolution. I'm just glad that I got that time with my daughter take her to go ride go-karts after school , have her half the time and enjoy everything with her because I made my own schedule that's what life is about
    5
  19537. Are you in Miami? Wow the background is beautiful.
    5
  19538. As a guitar player, I have been waiting for this video since I started watching the channel!
    5
  19539. Those houses they walked by went up for forclosure tomorrow 100%. The crash energy is too much when they're together
    5
  19540. I could care less what other people have. I am happy and that's all that matters. I never try to keep up with the Kardashians or Joneses. Live within your means is key.
    5
  19541. Well at least the ai gf is cheaper than a real one.
    5
  19542. Not enough gold exists at this point for us to return to the gold standard.
    5
  19543. Let the housing market fall off a cliff for how the house sellers have been taken advantage of people by tripling their price on their homes let the homeowners sit and wait it out now
    5
  19544. I am seeing lot of price cuts in Raleigh area now. Those homes are still overvalued by 40 percent though. The thing about NYC that also contributes to high rents is the lack of space to build out. Thanks and good video!
    5
  19545. Would love to see some videos on rural living in Florida with about an hours drive to a nice beach.
    5
  19546. My favorite fear porn channel just uploaded again, yay!
    5
  19547. Michael dishing out red pills
    5
  19548. These new houses in Florida are being thrown up in record time with crap workmanship. I won’t buy a new build.
    5
  19549. Great advice!! Been following Florida market for about 2 months now & have seen so many homes purchased in mid-late 2021 & now on matket again. it's easy to find these home flippers. Usually house is empty & staged. Buyers need to refuse to pay 100-300k more!! Also, do these buyers realize the cost of home owner's insurance!?!?!
    5
  19550. Sir....please explain the low wages in Florida. I live in Texas and have been shocked by the wage difference in Florida. We also don't have state income tax either, but if the wages are lower than it evens out.This is important to know. Thanks Michael!
    5
  19551. This beach looks beautiful & interesting! When it comes to FL beaches I have only been to Miami Beach. But now I'm ready to explore some other ones! How is Fort Lauderdale btw?
    5
  19552. 17:40 love your wife outing you on your (obsessive) work ethic. Enjoy your vids👍
    5
  19553. Just bought a winter place in Sarasota this past January. What a great place this is.
    5
  19554. Research is important. If you are just an average joe worker, you need to check the local unemployment rate and economic growth rates.
    5
  19555. Honesty and hard work are always a good thing. Happy to see you enjoying California 😊. You and Lizzy make a great couple ❤🎉. When will you be going home? What a great vacation 😊. Blessings, Carlos ✝️🙏😊❤️
    5
  19556. Glad you’re back from California. I hate Cali so much that I stopped watching when you were there.
    5
  19557. Love the backyard
    5
  19558. I decreased my homeowners big time by going to liability. Included in my policy was replacement for everything such as the hot water heater, washer/dryer, dishwasher, oven, etc. TOTAL replacement cost. I didn't need that. My question is, if you stop your insurance and want to pick it up again later, would your premium be higher because you've been without? They always ask you if you are currently insured and w/ who when you get quotes. I read at one time that insurance rates are higher if you cancel and then pick it up again. If your insurance company requires you to replace your roof, even though it doesn't need it yet, in order to continue your policy, think about that. You can put away over $10,000 towards your self insure. That's huge. Think about this as well: when there is a major storm w/ damage in your area, you can apply for assistance. Ron DeSantis did this when Ian hit Ft Myers.
    5
  19559. Fedex has gatten rudiculsly expensive. Expect some competition soon. Im looking forward to it
    5
  19560. First
    5
  19561. Converted some of my stocks (utility) to dividend, rather than reinvest…helped a lot! Continuing to hunker down! Great video!
    5
  19562. Congratulations on your birthday and for reaching 1000 subs. I can honestly say that after watching hundreds of videos about “moving to Florida” your ones are truly the best. You put more valuable content in 1 minutes than any others in 20 Minutes. So... thank you for that. It is funny that you mentioned California because originally we wanted to Move there however the cost of living there and the overall taxes charge made it not that attractive and in Florida we can get much better quality of life. I also agree about the b&b strategy... we were suppose to be in Florida but unfortunately the Virus 🦠 has other plans for us ... 😀. See you on your next video 👍🏻
    5
  19563. 6:30 yes, in 1950s there WAS a housing shortage and home building boom. This was when the baby boomers were being born, living at home and new housing starts were very high. The 70s and early 80s those baby boomers were again moving out and forming new households. Again in the 90s baby boomers children, gen Xers were moving out and forming families. Now again we have 2020s the millennials are hitting peak home buying age of 34 and we have thay right coming odf the lowest new home construction decade of 2010 to 2020 when construction was down -70%. This housing shortage is real and here to stay.
    5
  19564. We as a country need to get off of the drug called credit (other than business loans) and kick the drug dealers (banks) out of our lives.
    5
  19565. Greed will always prevail in Real Estate. The sellers should be hiding their face in shame for some of the prices I’ve seen in my area.
    5
  19566. You are not. I repeat not a moron. You’re logical. People have no patience in this immediate gratification society. Some banker in TN said people out of NY, CAL, and TX are buying property, and housing like crazy, preparing for “ the 😢big one”. ( whatever that is?) Buying properties in small towns and rural areas thinking land and realestate may be the best bet to maintain some wealth. Just passing on some “talk”.
    5
  19567. I bought a brand new 2022 Tacoma TRD OffRoad for 41K OTD. A 2017 with 50K miles was 50K. I was blown away.
    5
  19568. I enjoyed you walk thru the rich neighborhood and an update on Miami, ground zero for insane price appreciation and rent increases. Probably an historic time just before it all comes crashing down. With a broken home insurance market as icing on the cake.... Only thing missing is a major hurricane.
    5
  19569. Renting frees you up to move
    5
  19570. Silver lining with many commercial loan defaults in cities moving forward, a lot of interest to convert these non performing assets to residential. This could help revitalize urban neighborhoods.
    5
  19571. Millions and millions will be foreclosed on and evicted starting in January when forebearances end. We are looking at another 2009, maybe worse.
    5
  19572. You have to feel bad for the landlords. They have bills to pay and the courts seem to favor the tenant. I knew this was going to blow up.
    5
  19573. Snowflakes will never survive
    5
  19574. I have two written proposals from legit homeowners insurance companys both slightly over 5000.00 a year for a brand new home in panhandle just under 2000 square feet of living area, you should do more on this subject crazy !! I can forward them to you to prove it ! NUTS !
    5
  19575. cute neighborhood your in today
    5
  19576. It's like that in California just about every day of the year.
    5
  19577. California is nicknamed "Commyfornia" for a reason. A very funny YouTuber says all the time "California will NOT be OUTSTUPITTED!" lol. And it won't be.
    5
  19578. In my 61 years it is always been a bate & switch game, everything, always.
    5
  19579. I don’t know if this helps-I work at UPS in northwest Ohio and we just signed a new contract-as workers go everybody out of 300 drivers are still spending going on expensive vacations etc-I will say this though-UPS volume is way down in our area compared to other years-I’ve got 48 years in and it seems very restricted this year-us drivers can’t explain why - is Amazon taking share?? People can’t afford shipping prices compared to Amazon-I don’t have the answers to why but it is concerning to the younger employees—hope this helped with your idealism…. 6:32
    5
  19580. Looking very nice .
    5
  19581. So true about buyers losing all sense of caution. Those same buyers will then complain about getting "screwed over". If a home price goes up by 20-40%, why are you excited to buy???
    5
  19582. Great video Michael. Thanks for posting. Just the tip of the iceberg for price corrections. This market is Extremely Overpriced. These prices, (in some cases), need to be sliced to the tune of hundreds of thousands of dollars to adjust to the average affordability and the changing market demand! Just my honest humble opinion!
    5
  19583. Driven through that neighborhood many times. Such lovely historic homes, but you are right about how quickly that changes. I can’t believe you were away for that long. Welcome home.
    5
  19584. Michael, So you are saying sell my house now , and I just might get $400K , because that's the going price for these homes now. Why I thinking, because the next home I look at , will cost more $$$$$$ and the property taxes will be More $$$$. My home is paid off in full. The next town I move too , those home are sky high , everybody wants to move there, I call it "Town/Country" . Buy 10 acres of land , have a home built . That's what everybody was doing !!!
    5
  19585. What if you wear two tank tops at the same time? That should keep you warm AND allow for tank top wearing now.
    5
  19586. 🤨 shocked this is even legal....its a sign of desperation imo. They are not making any money
    5
  19587. Unless these building can be strengthened and/or retrofitted, they should be torn down.. The main problem is when you build new,the cost to build new is extremely expensive. Expect extremely expensive new condos. In the long run, it’s good. However, it will be for super rich. If a developer offers you a good buy out, take it, cut your losses, get the h… out. Too dangerous.
    5
  19588. I feel as if we are Americans fleeing a crazy country, (blue states), looking for our home here in the USA 🇺🇸
    5
  19589. Miami is over crowded now extremely expensive he’s telling the truth about everything.
    5
  19590. Happy Saint Patrick’s day and happy real estate agent appreciation month 😂
    5
  19591. Good channel 👍
    5
  19592. It looks interesting, but I've heard it's very conservative. I am a retired gay guy and I have to consider these things before making a decision to live in places. My husband and I are easy going and not "in your face" gay guys, but we don't want to be harassed, either. We want a live and let live kind of place.
    5
  19593. I think you would be fine there. The residents seem very friendly and welcoming to all. There are over 3000 clubs - there may even be an LGBTQ club, and if not, you could start one.
    5
  19594. I know what you mean about mental health. Getting exercise has helped with my anxiety tremendously.
    5
  19595. Companies are laying off because it became automated. Thats like saying Walmart is laying off Cashiers to fight the recession. Wrong. Walmart just automated their cashier system. Just like Pepsi. They automated that part of their business and need alot less to operate it.
    5
  19596.  @MichaelBordenaro  Those immigrants will be needed to wipe our Boomer butts when we do move into a ALF/SNF. Speaking as a younger Boomer who watched my parents generation age. What I've seen in my children's generation is that they are more fussy about what homes they will buy, partly because after paying today's housing prices, there's no money to remodel and fix things, and they don't like the style of Boomer housing, and I can't blame them.
    5
  19597. You can do it!
    5
  19598. This beach looks absolutely beautiful! It really makes me want to revisit Florida. I have only been to Miami so far. ☺️
    5
  19599. I remember having to bounce my car insurance to different companies at least every other year. Even without accidents , tickets. Same explanation, they said Florida is a high risk state in general, at least where it was more populated. That was back over a decade ago.
    5
  19600. I was looking at manufactured house, but the land leases are horrendous. And when you die, your kids can't sell without continuing paying park fees. Happened in my family. My aunt died. My cousin almost went broke trying to keep up with land lease dues. 55 plus restrictions and took a big loss and caused financial hardship. Plus in my own search, yeears ago, mortgages are different and higher. And a lot of mortgage brokers won't/ don't finance manufactured homes. A lot of kinks to work out. Yes, they're a good option, but can be a big loss and buyer un- friendly. The town i used to live in had $3,000 a month land lease. I'd love to mo e into mNufactured home park. I'm at the age wiith disabilitties and less yard work is very appealing. But watch out for the older ones.
    5
  19601. Another great video Michael 👍
    5
  19602. 0:44 Baller Alert lol...who's home did you pass by with all those fly rides? Geesh ...life is good 😂💵🤑💰
    5
  19603. Michael the view inland from the pier was interesting with all the lights. In Florida all you would see from that prospective would be high rise condos and hotels.
    5
  19604. Side note over here in New Mexico. We have herds that come into Walmart of I still remember taking my wife on vacation app at the house and the Walmart there, every end of every aisle had a security guard, and the reason for that is the rainbow gathering for Al Gore was going on at the time they came into the store as I heard they had so much dirt on them. You think he was watching one of the ones from Snoopy? The kid who held the dirty cloth. But anyway, that's how they come in at the overwhelm. The stores and Walmart will not pay out. The money to prosecute them or Chase them down are even risk a chance of liability. We have people come in from other states. That's been tossed out by other states. Like Colorado. That when they release their prisoners, they give them bus tickets to any other state than Colorado. Well, here in New Mexico, we end up with a lot of those because they dumped them off out the trying to get back into jail because they don't want to go and look for a job.
    5
  19605. Thank you I got a lot of good ideas as far as moving back to Florida St Augustine, Tampa/Clearwater sound great plus St Augustine all places I’ve been to. I use to live in Plantation and Lake Worth before. Thanks for the info.
    5
  19606.  @MichaelBordenaro  deposit money into paypal via walmart of other vendors .. small fee to do this though and its free from paypal to you acct if you dont mind waiting a day.
    5
  19607. I'm going to be 52 in December and I'm glad and proud to say that I never used credit or a credit card in my life. I live below my means because I was told when I was young by adults to not hock your future by using any kind of credit. I love George Carlin when In one of his stand up acts he said "My needs aren't being met." DROP SOME OF YOUR NEEDS!!! People need to start living below their means and to stop feeding the beast.
    5
  19608. Thank you very much Michael for a great job!!! I’ve been only once in Miami and completely fall in love with Florida! Thanks to you I have an idea where I can move to in a year😁
    5
  19609. one thing i noticed from all your videos is how wide the streets our, damn thats a peaceful walk, california the sidewalks are all thin with people living on them
    5
  19610. Just taking it one day at a time and careful on spending - though I see a bit more I should be curtailing- It’s like writing- edit, edit, edit the budget.
    5
  19611. This was a great clip. Thanks for posting this useful info. 👍
    5
  19612. Hump day!! Still in CA? It feels like you've been gone for months now! 😆
    5
  19613. Hey Michael my fiance and I love the channel! We live in Tampa and have been waiting to visit honeymoon island because of the restoration project they've been working on over there. I just wondered if you were able to go before they started the project or if it was going on, then how much of the beach was restricted?
    5
  19614. Renters thought it was awesome taking advantage of landlords by NOT paying rent during the moratorium. Most od those landlords were small Mom & Pop owners who could not weather that storm and risk their retirement future. SO many of them SOLD rentals to large Billionaire REITs and Wall street funds who then renovated them and raised rents. This is the Ying of the moratorium Yang.
    5
  19615. Great Info. Thanks!
    5
  19616. 106.7 Recession! Canned with a single pan and an electric grid in the sand. <insert catchy sound here>
    5
  19617. I would bet on a 50 percent drop more that I would bet on 100-200 percent gains in just under 2 years sustaining. South Florida is one of the epicenters for flippers and investors trying to get rich quick. Great video!
    5
  19618. One BIG item that you did not cover - politics (but maybe that was intentional). California is a blue state. Florida is a red state. I would never live in a red state.
    5
  19619. I just want to get out of freaking Los Angeles. I've grown to dislike this city really fast. You think you're getting crowded? How about 10 million people in LA county alone. Traffic? Yes, all the time. I work 1.2 miles from my house. It takes me 30 minutes to drive there. I sometimes just walk it but it gets to triple digits on regular basis in the summer. So it's very hot here too, and it's dry basically it's a desert. The beaches honestly suck in LA county. Theyre dirty and full of homeless. Just not enjoyable at all. Income tax is very high, sales tax is 9.50. rent on the ghetto for an old single apt it's in the 1000s now. Not even kidding. Want to buy a house in LA? Good luck you're going to pay 500k for a tiny, old house in the middle of the ghetto. Or gang infested areas and even there good luck finding a nice house for less than 500k. Want a decent house in a decent neighborhood? Yeah that's more than 1million for sure. Also it's full of hardcore liberals, it's bad, everybody gets offended for everything. Honestly you're not happy at all. All I want is to be happy and like you said have a good mental health. Also a plus that I have family that live in Florida already.
    5
  19620. Be prepared for the upcoming possible hurricane to hit south Florida. Be safe!
    5
  19621. Unreal that it's cheaper to rent than buy by such margins when rent prices are also hitting highs. Who needs kids and a yard and a retirement anyways...
    5
  19622. Well Michael , in this region, so far , none of the stores have food shortages, not rubbing it in , just telling you what I do know. I know food and housing is high. Not sure about rental.
    5
  19623. People need to live with their parents, save for a downpayment and buy instead of renting and throwing $ away.
    5
  19624. Isn't it still a good idea to buy a home if the price is right? I thought u had a video recently where it was said a great home price is more important than a high interest rate..because u can always refinance.
    5
  19625. 1.5 Trillion gone
    5
  19626. inventory doesn't matter. there are 100M houses in America. buyers matter. if lenders aren't lending and money ain't cheap... don't expect many sales. the buyers pay for the whole circus.
    5
  19627. Big part of the reason I moved here to get into shape you're exactly right. Living up north wearing heavy clothes you don't realize 6 months out of the year you're covered up so it's so easy to gain weight. Here, shorts and t shirts every day so it's a big motivator. I'm looking in the reflection of your awesome sunglasses trying to figure out your camera rig lol. Great quality video.
    5
  19628. I'm from Minnesota. Land of 10,000 lakes. The saying up here is the two happiest days in a boatowner's life are the day he buys it and the day he sells it. LOL
    5
  19629. Wow well that was a trip of a lifetime! an experience you'll never forget! 🚗 🌴
    5
  19630. I’ve lived in the same house for 20 years, can I deduct all of the property taxes from the profits made if I sell now that my house is worth 300% more than I paid for it?
    5
  19631. Tribulation is almost upon us
    5
  19632. Michael, before you did real estate, what was your background ? You explain things very well ... low emotion.
    5
  19633. This is exactly what I warned people would happen. The flyover State residents will get hit with higher taxes, if they vote for “ Brandon”. You must pay for the bloated free stuff, that we on the West & East Coast have been for years. 😞 So sad. Florida residents are moving further up the coast to Martin County, because the property tax is lower. I did my research.
    5
  19634. State entry fee also most states have annual pass considerably cheaper than $8 per day
    5
  19635. The government needs a financial therapist. They need to keep by their opinions to themselves.
    5
  19636. Thank you, Micheal!
    5
  19637. I would love to see a video on the Palm Coast area. Seems like it’s still affordable.
    5
  19638. They remind me of fancy projects 😂😂😂😂
    5
  19639. My good friend lives onsite at the apartment complex where he works in the ghetto Gets free rent ($1100) value. Can't have anything delivered, it will get stolen, had his truck broken into multiple times. He wants to move away and yes he NEEDS a house of his own. Just saying.
    5
  19640. It looks so clean and beautiful. The cleanliness and sunshine is what attracts me. Imagine jogging on the beach. I can run a few laps on that.😎
    5
  19641. I would have said the opposite about the beaches. In fact, Panama City Beach was voted the number 1 beach in America. White powered sand and pretty clean water. Clear water beach probably had a reason for the name.
    5
  19642. Someone has to be using that property to squat equity. Lots of white collar criminals do this. I think is called Park n' Prey
    5
  19643. The guy sitting in the white van at 11:43 looking at you like WTF is awesome.
    5
  19644. Love your videos, you are realistic and detailed.
    5
  19645. 💎 just like diamonds, artificial scarcity to keep the prices high
    5
  19646. You just mentioned this as I was typing this... I think the ultimate issue is that these people aren't taking into account a recession. I don't know how you cannot take that into account at all, but I guess if you don't look at that, then I guess this may look like a recovery.
    5
  19647. Well, if you think about it, they say people move every 3 to 5 years. So how many people who get any mortgage are planning to live there until death?
    5
  19648. You can buy a house for way less than 1M and it not be in the ghetto. It’s not gonna be by the beach but there are nice areas away from the coast. There are other cities in Cali besides LA & SF.
    5
  19649. Everyday I have to hear leaf blowers or construction work being done. After a while this gets to you. Too much.
    5
  19650. I doubt rich people even would want to live there anymore considering how crowded it is, Florida is 22nd in square miles but is mostly surrounded by water so you get a packing effect and it's 3rd in population, rats nest factor
    5
  19651. We already have too much government. More laws or regulations are not going to increase the supply of housing. Current laws need to be enforced and focus on the people who are in this country illegally and how they are impacting the demand for housing.
    5
  19652. Biscayne Beach is filled with hard-working people and the "riff-raff" you speak of left 20 yrs ago. A few yrs before you lived here.
    5
  19653. First house is an old bread house. Stale! Inspections usually uncover undisclosed issues. Sellers should disclose what they know or should have known regarding the property.
    5
  19654. Great show as always 😊👍
    5
  19655. Warner brothers announced layoffs today
    5
  19656. If the Fed pivots before the current inflation is destroyed we will have the worst of both worlds. We will have an economy damaged by the previously increasing interest rates and job losses but once the pivot happens inflation will explode and we will have something every modern economist think is impossible, an inflationary depression/recession. Eventually to fix the economy you will have to raise interest rates, again, this time exceeding the inflationary rate to kill it. But in the mean time the economy gets wrecked. People lose jobs assets lose value and that includes homes. Throw in demographic trends and this makes inflation via wages, due to lack of workers, almost impossible to control. The next few years will be interesting.
    5
  19657. We know that Open Door is tanking… so why are they still running commercials to buy homes in the Tampa area? Whenever I see one, I scratch my head make a sound like Marmaduke. Had to laugh out loud at the tip jar scenario. Too funny!
    5
  19658. Ron DeSantis is doing a great job!
    5
  19659. Whoa... I like all the new sound effects, Michael. I support you all the way.
    5
  19660. It takes a long time to fully crash and to recover so sounds about right for the idiots who drove this thing up too far
    5
  19661. No. It would not motivate me to buy. Very informative video. I think your take is pretty realistic, better than most financial advisors. I don't believe Powell knows what he is doing. He appears to me like a kid shooting off a cap gun in a wild west fantasy.
    5
  19662. Michael is right, do not ever get under any circumstance in a betting war, at the end you will always lose and sellers win. You want to be the winner, and it is always another home available. Be smart.
    5
  19663. I wonder if the neighbor had a survey of their property and knew or should have known, (as lawyers like to assert) that they were trespassing on others' property. Always keep an eye on your property; a miscreant can decide to build on your property AFTER you've moved in and hope 7 years pass before you do or say anything; voila! Land YOU paid for is now theirs. As has been said before, we don't have a justice system; we have a legal system.
    5
  19664.  @MichaelBordenaro  the cashback is added to PayPal wallet or directly to the bank which is linked to the bank.
    5
  19665. Really enjoy all your videos Mike! Homestead props are cutting prices and there are a lot more inventory than even last month. Phase 3 is here man!
    5
  19666. Great video highlighting the difficult decisions for both sellers and buyers...
    5
  19667. Nice sweater Michael. With regards to the incentives to build affordable housing, knowing how corrupt and dirty the construction business is in general, and adding the murky politics of Florida to the mix, one can easily see how the allocated funds could disappear without the expected benefits to the public.
    5
  19668. I had a brand new double the big mistake was putting it in a park. I made that mistake once, never again. Now I'm older and looking for a winter home in Florida I will not make that mistake a 2nd time. I love your honesty.
    5
  19669. Gorgeous homes in a beautiful Neighbourhood. Polar opposites to the Ridiculously Big characterless monuments in Florida . Greed is never good.
    5
  19670. It'll take 10 to 15 years to recover
    5
  19671. 10:13 there are 95 homes in pre-forclosure in the 3 suburban cities on the west side of OKC. About 30% of them have been in pre-forclosure for going on a year now. How long until these pre-forclosure homes go into foreclosure and go up for sale?
    5
  19672. 100% Accurate!
    5
  19673. I agree with the noise. I notice perfectly trimmed hedges everywhere you walk. Kinda ridiculous.
    5
  19674. Can you list the camcorder (and equipment) you use? It is super sharp and clear! Thanks.
    5
  19675. I mean even if you are planning on staying in the home you buy long term, it certainly does matter if you buy that house at an over inflated price. If you buy a home for $425,000 today that was worth $275,000 in 2019 chances are you will be upside down in your mortgage once prices stabilize and supply is able to meet demand---which will happen eventually. The home may be worth $425,000 today, but in 5-10 years or less, when there isn't a pandemic or supply chain issues and housing demand has evened out or even gone negative, that house that you still owe $400K on may only be worth $300K or less.
    5
  19676. I've been seeing videos for months about how home prices in he US have been sky rocketing. However, I 'm noticing a lot of new videos suggesting that the market is correcting and that nationwide home prices are starting to trend down again. Is Florida following this downward trend as well?
    5
  19677. Yeah my condo sale is Ormond Beach just fell through because the lender could not approve the purchase until the repair project is complete. This is just crazy!
    5
  19678. The housing market in UK has been crazy since the pandemic, I’ve seen sellers asking unrealistic price, then we get to 2nd half of 2022, bang, they start dropping asking price in a crazy speed. I’ve seen houses dropping asking price ~8% a month, in 3 month already 25% dropped yet still on the market.
    5
  19679. Very tour and it looks so beautiful view. Thank you for your efforts and time to do the reporting.
    5
  19680. Fraud, theft......the way of the world. Sadness
    5
  19681. The fractional reserve banking industry is going down . Gold and silver is the place to be . Get out of debt , is the place to be ! WAIT to buy ANYTHING.
    5
  19682. Best to have a house far within your means that you can pay off before you retire and try to live in a low property tax area. Two people collecting SS could live off of what you mentioned. I think they will adjust SS to keep it in place for some time to come, it is just too important now and in the future.
    5
  19683. Greedy is so sexy.
    5
  19684. I use to live in st Augustine!! And moved back to Miami... I regret moving back to Miami.. I use to live in the beach for 800 a month including electric and cable
    5
  19685. Totally agree. These big companies are ruining our neighborhoods with rentals. Two across the street from me and they are not taken care of. Both owned by a Canadian company. Two houses that a young family should be in building wealth.
    5
  19686. The solution is the Government not requiring EV’s… EV’s are a disaster, I’ve seen many tests/reviews on YouTube regarding range and cost to run EV’s and they’re more expensive then traditional gas powered vehicles..
    5
  19687. What a beautiful city. My prayers are with everyone who is hurting. As your walking around, I'm seeing the faces of the people enjoying life. With everything going on in the news, I was trying to find a video that showed the beauty of the area and smiles on the faces. So many people are hurting and it breaks my heart. I live in St. George, Utah where it's desert. My husband and I have been talking about doing a road trip and was thinking about this area. I told him what happened and we've been hearing about what is going on. Thank you for sharing the beauty of the area and faces filled with smiles.
    5
  19688. I'm in Chicagoland where eating is a sport. There's plenty of people in shape but there's a lot that are not - like me. When summer rolls around I do indeed get more active and drop weight. Although being in shape is very advisable, there's the excessive vanity that comes along with it in some cases that can be a turn off. South Florida is the mecca for this type of behavior and again I'm all for being in shape but just be a good human above all.
    5
  19689. Alright guys. I get that this channel is heavy about money problems but as a miami guy who did move here during the pandemic from northern virginia. The walk this man does behind all the scenery is value in of itself Virginia is a police town and my physical, mental, spirtual health improved so much here I was at key biscsnye man its awesome I dont know about North florida but Miami is like a different country No body speaks English but at least i dont see any red hats or blue hair or covid masks I dont live by all the tourist areas nor where all the rich Republicans and Democrats live but man it's peaceful because of that and i don't regret it one bit The richmen north of Richmond ruin everything (democrats and republicans in northern. Virginia that suck the life away from all the upcoming generations (song by the way)
    5
  19690. After 20 years of visits to most parts of Florida my two favorite areas are the Jupiter/Juno Beach AND the Sarasota area, including the various Keys and Anna Maria Island and Venice. What are your impressions of and experiences with these areas?
    5
  19691. Thanks for your updates! Especially in OC, CA
    5
  19692. Thanks for this information Michael. One of my neighbor's suggested a gated community for my next home once when we were talking about the pros and cons of the neighborhood we are in now, however; after the run a round l had just getting to the point of where l am now, l am not sure of anything anymore. I'm also not sure of who l can trust either. 🤔
    5
  19693. Great job guys. The interest rate is critical, but the media obsesses and distracts by focusing only on rates. Where is the QT and MBS sales Powell!?…🦗
    5
  19694. Every day in the news, they are saying this chain store is going to close this many stores nationwide. So many stores are closing in different areas around the U.S. The unemployment rate is going to be nuts next year. We are in for some really hard times. Sounds like the depression. So sad!! Thank you for your video. Always informative!!
    5
  19695. Now you should get the bitcoin ledger.
    5
  19696. Love your content and point of view ❤
    5
  19697. All that stimulus money that was given out is paid back by the result of inflation and then some. Oh but it's just a transitory inflation right? Ok, sure Jan.
    5
  19698. Thank God! I left California after 30 years to Florida and I don't want to see the California creepy coming this way!
    5
  19699. Fort Myers/Naples area is where I am considering. The closer you get to Naples the more costly it gets for housing. Prefer the gulf side and seems more from the Midwest are on the gulf side.
    5
  19700. So, I did have to do this some years ago. Loans & cards that occurred after getting hit by multiple hurricanes and subsequently losing clients because the storms caused huge delays on our work schedules. It's another reason we wanted out of Florida. Repeated storms, losing business because of, then inflation & bad attitudes from newcomers, bad increasing traffic, can only put up with so much of it
    5
  19701. Boy I always like your videos
    5
  19702. Love your opinion on the Metaverse. Totally agree. It's ridiculous.
    5
  19703. Folks, keep your side hustles. If you don't have one, build it now.
    5
  19704. Water bill in north Orlando for 2 ppl runs us $65 a month!
    5
  19705. Good luck to everyone who owns a condo, or wants to buy one. Sincerely…
    5
  19706. Federal government should have put the emphasis on hybrid cars gas and electric.
    5
  19707. I lived in a safe, pretty and well-kept gated apartment complex in Vegas for two years.( 10 minutes walk to the Strip. Great location and amenities.) But it felt like living in a PRISON, except that you have to pay a lot of money to live in a prison. The HOA of that gated community is bossy and powerful. I am not going to live in any gated community any longer--no matter how fancy they are. I don't like my comings and goings watched by nosy security staff. I value the feeling of Freedom.
    5
  19708. Citizen's web page states that roofs should be less than 25 years old for common shingle roofs, isn't it so?
    5
  19709. like what you are doing. sadly however, i wont be voting this november. its like south parks episode "giant douche vs. turd sandwich" .... again.
    5
  19710. I agree with the Zestimate, bunch of over valued homes. My friend posted her home for sale at $325k, nowhere near that, what did Zestimate value the home at? $326k, talk about scams. I'm a realtor in San Antonio btw, a shame how people are throwing money down the toilet
    5
  19711. I believe the haziness is probably Saharan air layer
    5
  19712. The markets are still trending down. The % of dissatisfaction among 2020-2022 buyers is likely to be trending upward from today.
    5
  19713. You’ll not be able to rely on pensions /401ks. You gotta rely on other ways to stay afloat.
    5
  19714. first.
    5
  19715. A cool video idea would be compare a typical 350k house to say 550k. I did this on an app and you get double the house and way better location
    5
  19716. FYI to move to St Pete; costs are getting out of control; also in Tampa and Clearwater. Friend's 1BR apartment in St Pete is going from $2500/month to $3400/month. Want something cheaper? You are probably going to live close to the hood or hillbilly area. Lots of gentrification. I agree it's beautiful here but after 3 years of their long summers you start to realize it's too hot and humid. Teachers will just get up and quit during lunch (friend is a principal so I hear the horror stories) traffic is crazy and dangerous, lots of wrong way drivers. We are surrounded by water so that means we can only build so much before having to build up which creates more aggravation trying to find parking and not being late to events.
    5
  19717. I wanna work but with bidens economy as a genz blue collar in Florida that -30% pay cut as a flat rate worker fucking sucks And we arent even in a recession yet,
    5
  19718. What's the name of the place you are stating. How did you choose it, your apartment you are at ty
    5
  19719. Housing is in a “Bull Trap”, I would not touch with a 10-ft pole!
    5
  19720. I love to visit Daytona one day! Thanks Michael 😎
    5
  19721. I have lives in Florida for 52 years , many areas , check out Clermont just outside of Orlando
    5
  19722. Gold and Silver will become the next asset worth owning. Stock up everyone!
    5
  19723. I agree. And they charge me for prime after i made a purchase and find out you have to opt out because it's automatically going too charge you if you don't see it when checking out
    5
  19724. Hi Micheal.. I tell everyone that in Florida you have 6 months of heat and 6 months of beautiful weather. The nights start getting better by September but still hot. I think living on the beach makes it more bearable than living in Orlando. In Tampa it's low to mid nineties every day but since the inception of record keeping it never has hit 100 degrees in Tampa. Hard to believe..99 yes but never 100. It's been hot here in NYC this year. Unreal. Only difference is the extreme heat here only lasts 2 and a half months. Good info..thx.
    5
  19725. Same thing is happening here in Arizona with all the Californians moving here. The most expensive house in our neighborhood a year ago was $800,000 - $900,000. As of this morning, there are 12 homes priced at well over $1.5 million. People keep asking us when we're going to sell ours and take advantage of the inflated prices but that doesn't make sense to us. If we sell our house at an inflated price we're just going to have to turn around and buy a house at an inflated price so there really is no gain. The only way you really gain is if you sell your house, pocket the money, and rent a place. When the market corrects itself, which it will, then you buy a house at a normal rate instead of these crazy inflated prices.
    5
  19726. First one here!!!
    5
  19727. Whats price ??
    5
  19728. These neghborhoods always look deserted…no people, no cars, no convenience stores. Does anyone actually live there?
    5
  19729. My man, I appreciate the honesty but this video is very discouraging lolol. Naw, it's all good. I appreciate the info. I live in the Tampa area and have been thinking about going into real estate. You talk about a lot of the things I was worried about if I go into that profession. It does seem like there's just so many agents out there. I have a couple friends that make big money doing it but we shall see. I know that most people don't. I am still gonna give it a shot and see what happens.
    5
  19730. Not in Florida! Price is NOT going down in central east Florida. I still see houses single family homes sold in a day or two in my community
    5
  19731. Californians are also moving to Calorado so I am heading to Florida. Its so congested, expensive and as you may remember back in your Illinois life SNOW SUCKS! 😉
    5
  19732. As one who’s lived in California (Orange County and Los Angeles County for 27 years it can’t be any worse 😂
    5
  19733. I heard Destin was Beautiful!!
    5
  19734. If you didn’t buy before the Cov$&, you’re pretty much screwed. Insurance and the roof boondoggle has really made it all in appealing. So, I’m renting in a neighborhood I really want to live in for half or more than the cost to own. It’s sickening to think that with a well above average income, no debt, great credit that I could be a renter for life myself. I don’t see where it gets better anytime soon in South Florida especially in desirable neighborhoods.
    5
  19735. Real estate is a get rich slow scheme ;)
    5
  19736. 🤔 Hi Michael would you share your thoughts on sea level rise/flooding and owning real estate in south east Florida. My concern is that overtime many canal front and other properties will become worth less. Thx 🤔
    5
  19737. Michael, your channel is the best way to enjoy Florida from afar. Loving this location!!!!! Makes me want to move back, but I know better. The water is beautiful!!!! Thank you for the view and your content.
    5
  19738. I thought you owned an EV? Your always walking.
    5
  19739. 1st
    5
  19740. YAY!!!🙆🏽‍♀️Beach Day🏖Thank you Michael wish I was there!!!😎🌴Virtual Miami is better than nothing. Yes weekly beach videos would be GREAT!!!💯🍹😃
    5
  19741. New idea for Shark Tank Pitch -- Umbrella Selfie Stick.
    5
  19742. Quality info with no fluff.
    5
  19743. RIP 5 dollar footlong. Now a footlong costs three times that.
    5
  19744. How are the misquotes there? They are insane over here in Houston right now
    5
  19745. They are golden handcuffs at 3% great analogy 😅
    5
  19746. California was beautiful once. It’s in a state of steady decline and will likely continue to be that way so long as the political climate stays the same. I will live here during my career but I will definitely retire elsewhere.
    5
  19747. I have been watching many of your videos as I am wanting a single family home (currently in a condo). Would love to hear your take on the Chicago market specifically. It’s like it’s own market that doesn’t really compare to other areas. It’s weird!!!!
    5
  19748. Thanks Michael
    5
  19749. Hey you beautiful couple ❤
    5
  19750. They'll probably try to get the Great Lakes water next.
    5
  19751. Glad you brought up the subject of student debt. Student debt was acquired by both the rich and the poor. Now the proposal is to forgive $20,000/ student. I paid $60,000 of my sons student debt on a one wage income, and not a very good income at that. OK, no problem, no regrets. The point I want to make is the struggle other young people went through to make their way in life without attending college but nevertheless acquired debt!! I would rather see a blanket income tax debt exclusion for all.
    5
  19752. Pops look like he's not be messed with! Dope interview.
    5
  19753. Nice work Michael 🤙 So much uncertainty…
    5
  19754. These people who think the government should not be involved with the market is delusional. I agree ☝️ proper regulation is needed and limit private equity guys to 5 single family residents and agree with banning foreign investment for a period of time (2-3 years )and then allow us citizens who are owner occupant’s first 60 days to buy in and then allow the other to buy.
    5
  19755. I didn't have to look to know the loud birds were crows. Even paradise isn't spared. 😆 I love that Lizzie walks with you and you call her Babe.
    5
  19756. Keep being honest. Don’t listen bad comments.
    5
  19757. I really enjoy your Channel! 👏
    5
  19758. Can you do a “day in the life” video? Basically showing what it’s like to be a realtor, telling us the requirements, the perks etc. I would love that!
    5
  19759. I think there are a few of us middle aged guys that never settled down with a family. The thought of draining my wealth to have kids let alone a wife is a no go. I like my financial stability too much; especially in this economy.
    5
  19760. All the government's efforts to influence RE prices distort the market. All their interference just takes from one person and gives to another. One fix causes another problem requiring another fix causing another problem ad infinitum. Rates don't matter, just the total cost per month.
    5
  19761. Thank you for making the case for sellers to give "regular buyers" a shot before accepting an offer from an investor. Some compassion in these tough times goes a long way.
    5
  19762. Super far about 1 hour of driving. The nuclear is in homestead: EAST side next to the water
    5
  19763. Good video man. I was on the fence about intermittent fasting but this video helped me decide to just give it a shot. Subscribed btw.
    5
  19764. Michael get aftermarket rotors and brake pads that resist corrosion, especially since you are paying for them.
    5
  19765. i dig your hair without the gel, even if its messy and frizzy
    5
  19766. I have a good chunk of money in Synovus Bank, and hadn't heard the news about the downgrade until you mentioned it. What surprised me was that I imagined the stock would be sharply down on that news. Surprisingly the stock price was up, so I'm not sure what to make of that.
    5
  19767. This video is giving me a little bit of hope. Moved to Las Vegas from California after a divorce, literally starting over before I could even get acclaimated in NV covid hit and my chance of owning a simple modest home was crushed by this crazy market. I am not desperate enough to waive appraisal and certainly home inspection. I decided to wait it out (affordability wise), but still have that "FOMO" lurking in my head. Thank you so much for giving me a hope.
    5
  19768. I would really like to see a video on the Jacksonville area. I don't know why but just looking at that area on a map looks like it's an appealing location.
    5
  19769. That town center looks exactly like the town center in a town I lived in Massachusetts! Looks like something straight out up North, lol.
    5
  19770. Thank you for taking us to all these locations in the humid heat🤮 while providing great info.
    5
  19771. Miami is becoming a center for Bitcoin and cryptocurrency within the US. For those of us in Seattle and Silicon Valley and elsewhere it would be interesting to have you provide coverage of this. Perhaps interviews with Crypto CEOs, Miami mayor etc. You are in the right place at the right time with good video skills to do this. This will help Miami, Florida, and those outside your area to have a better idea of what's happening there on the ground. This development will affect every aspect of society in the future.
    5
  19772. You never heard of dollar cost averaging or just investing in an index fund? You are supposed to do it for the long term. not jump in and out of the stock market based on a daily or monthly price.
    5
  19773. I would not have even noticed the stitches if you had not mentioned them. I get cysts also. Your body is trying to detox stuff that does not belong.
    5
  19774. I'll buy in Phoenix when Prices drop by 50% AGAIN!
    5
  19775. Offer 25% less on the price. I would say thats an idea. When I worked as a loan officer assistan it was typical for a 10 to 15% less offer on a house I would do that in any market. Sellers are obviously going to ask for more than they will take. Even if your realtor says they wont take that offer.
    5
  19776. It snows in parts of L.A. county
    5
  19777. Another awesome video! Thank you. You are right people who crush RE are different and although they are same agents like others but they do things differently. You gotta do it smart and work hard for sure to succeed in any biz :) i think it goes same for social media as well. Everyone does it, but there are people out there crush it and brings results like non others ;) waiting on your next video! Really wish this channel grows fast!!
    5
  19778. 😂😂😂 Easier said than done
    5
  19779. I like you guys sense of humor!!!😀😀😀
    5
  19780. Michael you should do more home tours like some agents do. The House was nice btw🔥
    5
  19781. Thank you 🙏 Another awesome video 😊
    5
  19782. yep ,same here in Ireland. everyone qualified leaving
    5
  19783. We save $1,000 a month owning verses renting,
    5
  19784. "The American dream, you have to be asleep to believe it!" George Carlin
    5
  19785. In the state of Texas, you have to disclose what has been done to the property. I kept a book on what we purchased and the repairs made for the last 17 years so when it is time to sell, our sons have everything they need.
    5
  19786. Moving to Florida have a house in ny that will be selling for approx 800,000 but having trouble getting a house prior to selling our house it is in Reno right now about 3 weeks left will be paying cash for new house but lost a lot of houses because the Reno is not done and can’t buy on contingency not on market yet , house has no mortgage on it so can’t do a bridge loan any suggestions?
    5
  19787. I remember when The Sterling was being built, and lived not far from there.
    5
  19788. You gave a very good review on both cities. Im attracted to miami but love everything that LA region has to offer. I can also imagine California having a lot more diversity which is better then everything somewhat being the same in miami.
    5
  19789. Excellent advise! You're the one of the honest persons.
    5
  19790. It begins! Lenders are now the ones BACKING OUT of closings for buyers they approved just a few weeks ago at the last minute. The word is underwriters can’t find buyers for the paper. Don’t want to be holding assets that very well could be underwater soon.
    5
  19791. I know a guy who has been making $2,000 per week that just bought a $60K truck. Hasn’t received it yet. Just found out his contract ends the end of the month. I know a woman who made sure to get approved for a mortgage before her contract ends. Approved for over 400K. Someone else is about to lose her house, a house that is packed full of designer clothes and things that she HAD to have to the point where she can’t afford her house anymore. These are bright people who do foolish things because they want what they want when they want it.
    5
  19792. I heard you said my name. yes, I like all your videos.
    5
  19793. For recreation Florida has ALOT to offer. Not only Everglades and The Keys, but St. Augustine, Ocala National Forest has some of the best clear blue springs in the country. Rainbow Springs, Silver Glen Springs, Devil’s Den ect
    5
  19794. Fantastic video! Such a beautiful place!
    5
  19795. Being a resident of Miami Beach, I'd guess that the house is worth more than 1.5M. It's clearly a large home on a large and beautiful piece of land.
    5
  19796. The gulf coast is nice but there is something for me about being near the ocean. I'm just hoping that I find my Florida paradise soon... South Florida is too hot for me and the Panhandle is too cold in the winter for me, so I feel like I need to find the sweet spot.. Great video.. looking forward to more. 🌴🌅⛱🌊
    5
  19797. I think that first mama “duck” was a goose, you silly goose (my mom used to call me a silly goose (when I warranted it) & she was from a small IL town - don’t know if it’s a small IL town thing, an older people thing, or just my silly goose mom’s thing. Anyway, thank you - I like all these Florida town videos, as I plan on retiring down there somewhere some day.
    5
  19798. sad day
    5
  19799. I'm not a fan of any type of government intervention. Unfortunately they do it constantly, and usually not to the benefit of the the people they say they are helping. I think in the next 6 to 12 months the institutional investors are going to feel enough pain to give themselves a reset.
    5
  19800. You ever wonder , if you can’t afford to buy a home and your a working person . How do the people afford it in the not so nice areas ?
    5
  19801. Very magnificent Mike of how you're releasing videos of your trip, I hope you become so successful that you start doing these kind of videos even for some beautiful warm weather places like Melbourne, Perth, Sydney etc, I get a feeling like I travelled to these places.
    5
  19802. I think the valuation of home prices will be 30% . Les
    5
  19803. Camille is such a classy woman
    5
  19804. Interest rates are not coming down. Interest rates will go up and remain up for at least 2-5 years. The new normal interest rate will be 6-9%
    5
  19805. A major point is that for 6 months a year Florida is incredibly HUMID....and VERY uncomfortable......California has a year round excellent climate......Florida beaches are great but uniformly flat.......In California we have offshore Rocks....Cliffs and Tidepools to explore.
    5
  19806. Oooooklahoma is the place to be, Farm living is the life for me. Land spreading out so far and wide, You can keep Florida Just give me that countryside......... Sung to the tune of Green Acres
    5
  19807. My cousin is an office manager for a substantial real estate brokerage on the East Coast of Florida a little North of Michael. I asked her what the agents were selling, and the answer was "well over a million and all cash."
    5
  19808. Have to hand it to Travis, whether it’s his cardio from his outdoor videos or his previous foreclosure etc., he isn’t afraid to own up and talk about his faults.
    5
  19809. I’m almost convinced I need to build my own damn house.
    5
  19810. Great video very helpful
    5
  19811. What's up with this 1% down payment program, waving PMI, etc... Here we go 2006 - 2007 all over again. Happy Thursday Michael, Thank You!
    5
  19812. I Support you<3 To the moon.. 100K!!
    5
  19813. It’s even started in Miami, slow but it’s started. I want to see more inventory though, starting slowly also but need to see more
    5
  19814. Hahaha.This is my hometown (Palm Coast, really). I went to Flagler Palm Coast High School. I agree, not much to write home about. I dont miss it. But it's a nice place to raise kids or retire. for the newly wed or nearly dead, thats what they say. I think you might like Palm Coast better maybe. Still a slower pace, but it's been upgraded a lot.
    5
  19815. Photos tomorrow, listing Thursday. Hoping I can be in escrow in a couple weeks 🤞🏻
    5
  19816. Wow, $4k/mo condo mortgage is a great deal. Time to find a cheaper place to live.
    5
  19817. Gas went up $0.20 this week in central Florida. Effects trickling up here!
    5
  19818. this shit's gonna blow soon
    5
  19819. Investors should not be able to buy single family homes 😒
    5
  19820. Beautiful modern home, love the front door
    5
  19821. Great video! The difference between Sunny Isles and Bal Harbour is striking, though they're two great communities. I hope that you do a videos of Golden Beach and Aventura.
    5
  19822. Tallahassee and JAX are too cold in winter and just as hot and humid as SFL in summer. Though not much difference today, Feb. 9th, 12:00n: Tally = 60 deg sunny, Jax = 54 deg sunny, MB = 64 deg sunny.
    5
  19823. "Denial is not just a river in Egypt."
    5
  19824. Healthcare adds to retirement costs as well.
    5
  19825. No kidding. The MOTB is here.
    5
  19826. Nice weather there. Like Seattle in Tucson this weekend.
    5
  19827. Many of the Homes where over Priced from the Listing Price... If it's priced right from the beginning it wouldn't be getting reduced!!!!
    5
  19828. Great video and congratulations on the channel turning 3 years. In regards to the report that the job market is strong. It's an illusion as well. Most new jobs are just that, jobs. They are not careers that will allow you to pay a mortgage let alone buy in this market. Majority of those jobs created are part-time low paying jobs. People take them to help make ends meet but won't overall improve quality of life or beat inflation. But on paper it looks like more people are working. Enjoyed the video.
    5
  19829. This place is awesome! Thanks for the share.
    5
  19830. I am inheriting a $400,000.i talked to my father about it and he is in 100 percent agreement.i would not want to keep it.too many headaches😮
    5
  19831. You would need about a month to do a road trip like you did (walking around town, filming, talking to locals, weather allowances, c19 restrictions.....)
    5
  19832. The housing crisis is fake. The U.S. have plenty of homes. When I bought my first investment property in 2016 for $25,000, I put $30,000 in it to remodel and now its worth $250,000. That house was sitting empty for 10 year yet no one bought it. We bought 6 homes so far this year all worth double to triple already and all sat empty for awhile and again no one wanted them. Obviously this depends where in the U.S. you are located. But not everyone needs to live in the biggest cities and pay huge amounts for houses when they have a low skill job.I bought a triplex for $45,000 a few months ago that was sitting empty for 7 years.
    5
  19833. They've just had massive flooding in NJ river flooding & there were thousands of homes and businesses effected -I bet not one penny will be paid out!! Check out NJ flooding, never seen it this bad and more storms coming!!
    5
  19834. Great video as always, Michael! Happy Thanksgiving!
    5
  19835. Thanks for the lovely view of the beach.
    5
  19836. Had no idea about the crocodiles and alligators! 🤔🐊 I look forward to your thoughts about Anna Maria Island. Definitely not the most glamorous place you will visit on your upcoming journey😂, but IMO it has an unexplainable charm to it. Not sure what it is, but think its the very laid back atmosphere. If time permits, be sure to go to upper Anna Maria and take a stroll down Pine Avenue from the ocean to the bay.
    5
  19837. So many companies have gotten away with losing money by not providing what people actually want... All because they're running on debt.
    5
  19838. Prices gotta go down. By a lot. Find a good place to hide when the worm turns.
    5
  19839. This is sad
    5
  19840. Thanks for keeping these great videos coming Michael!👍🏽
    5
  19841. There’s a realtor with a YouTube page called “John Wieland” who is saying on his videos why there won’t be a market crash. I commented with facts and he just ignores them and gives a bunch of BS why he’s right. Realtors like him are the reason why people will lose everything on this go around
    5
  19842. You get on the list when you submit your HOA financials for a loan and the lender finds out you have no reserve fund. It’s not some big secret Take care of the building and have a fund in case of emergency and lenders will lend in your building
    5
  19843. Time to start looking into duplexes in the Midwest and be prepared to buy before July of 2024.
    5
  19844. LOVE THIS!!!
    5
  19845. second! Now is temporary, use this opportunity to raise earning power and save/invest... housing should pull back and buyers market will return.
    5
  19846. I cannot see why 100% of the COA fee would continue, if there are no on-site services: maintenance employees, electric or water bills, garbage, pool service, etc. I doubt a board would continue with a Property management company, since that work would largely not continue. They could contract with a condo accounting/bookkeeping company to bill the stripped down maintenance fees to all owners. The biggest problem, can the COA even maintain any property insurance for a vacant, derelict building? Mortgage holders on individual units may try to force-place insurance on the condo units, but buildings are a separate policy collectively paid via the maintenance fees. That could be completely unavailable even via Citizens, which has some very strict underwriting standards.
    5
  19847. I have never purchased a property over asking price. I had to make bids over asking just to get a bid in and I wasn’t sure I liked them. I let them go. In the past ( 90) I sold a small house that I had for two years and just broke even. We owned two homes, what a drag. We purchased one that we stayed in for 19 years. I learned my lesson. Get what you want, as close as you can and don’t over pay.
    5
  19848. I believe the best deals could come on new construction homes .Contractors don’t want to sit on homes while paying high interest construction loans.They won’t realize high speculation profits, but they will be able to pay their subcontractors / overhead and a salary for themselves.Also to make note..Lumber futures are coming down / lumber prices are on their way down.
    5
  19849. George Gamin and other have said this "the cost of things you want will go down while the cost of things you need will go up".
    5
  19850. For the algorithm.
    5
  19851. I laughed 😅 too funny! What you mean you won't model Ladies sunglasses today..lol...smile. Good one! 👍 yeah..your old sunglasses look the best on you that size is better and also the glasses themselves look better. Maybe hold out for a better pair?
    5
  19852. California have a state sponsored fire insurance. Which people in rural fire prone area must purchase separately. (if their primary insurance doesn't offer it) which most don't after the last devastating 4 years.
    5
  19853. How was Palm Coast?
    5
  19854. Are these issues unique to Florida? Are there similar issues for old condos on the West Coast?
    5
  19855. Did you hear from Sandra Smith on Fox that the higher credit score the higher your interest rate will be with Freddie and Fannie!!!
    5
  19856. You need to say where you are doing your video
    5
  19857. Hello
    5
  19858. I don't know Michael. I think in Miami a 20% drop would be more like a correction. Prices in Miami have gone up more than 20% just in the last 2 years.
    5
  19859. VINCENT💪❤ makes excellent points ❗
    5
  19860. I been going to St Petersburg on vacation treasure island also very cool Love it there.
    5
  19861. The end of ANY bubble is a good thing, allowing saner and more inclusive markets to resume. At the peak of this one I sold a two-bedroom home on Lake Champlain for almost a half a million dollars, the highest of multiple cash bids with escalation clauses. Don't hate me, I've languished in the troughs as well.
    5
  19862. ❤ the idea on the boat canal tour
    5
  19863. Does Discover work with Zell?
    5
  19864. I hope DeSantis doing that will be good for the people of Florida. I can’t say I trust the Georgia leadership to be that smart. I’ll be keeping an eye on it. It really is something to consider where you’re living. Glad you mentioned that. Thanks
    5
  19865. I just moved to saint augustine, I like it so far
    5
  19866. Coming from a (current) Washingtonian, Seattlite, PNW-Dweller, a lot of the cons of Florida are also cons here. Flooding, landsliding/shifting, overcrowded cities, horrendous traffic and never-ending construction (we actually just passed up LA, CA and now have the worst in the nation), not to mention the constant rain (which is obvious). My spouse and I are looking to move there to be with family and "dry out" our soggy, cold souls, if you will. xD I think every state has its pros and cons and its a matter of what those pros and cons mean to you and what you are willing to put up with/what boosts your quality of living the most. And I appreciate you putting together this list. I think the impromptu comparison is more genuine since it shows what really stands out as the good and the bad. Have a great day!
    5
  19867. Michael, It's starting. Condos in San Fran are "name your price" from developers. It's exploding
    5
  19868. Michael, I love your ethical approach to the housing market. Your thoughts are making me feel more comfortable waiting it out a year before we move. My family and I need the time for minor repairs, a few improvements, and cleaning up before I start the selling/buying process. I am just hopeful that my current house can retain a good portion of the current Zestimate to put towards a house in FL. Will still need a small mortgage to cover the difference because of the rise in values. Wish we would have done this 3 years ago, could have paid cash and been done with it. Need to ride out this storm and forget about FOMO. Hypothetically, if I put $300k down on a $375k house, how critical would it be for me to have an offer letter or job lined up to get this small mortgage? I find the timing of selling, obtaining a job, and buying very challenging, especially from a 1000 mile moving distance.
    5
  19869. I left Los Angeles last year for Pinellas County Florida. In many way it’s become unlivable. Overall I like the climate a little better in socal. It’s way less humid, but it’s colder in winter there. The cost of living is much higher in California vs Florida. As is the crime rate. In California there are crime victims and those who will be. The homeless situation is out of control there. The defecate on sidewalks, there’s used drug needles everywhere. It’s dirty. Florida is clean, safe and sane. Also the beaches are nicer in Florida and the water is warmer.
    5
  19870. So if you no longer have a mortgage do you still need to have insurance?
    5
  19871. We love California . You cannot beat the weather there (near the shore). I also had a condo in FL & couldn’t take the humidity / heat even during the "winter months". My Kids are gone from the nest and my wife and I are ready to move from the cold (NY). But California waterfront is super expensive compared to FL. Maybe during the next year or 18 months should prices go lower, we hope to make a move. Though most of our friends did move to SE FL. So it would be a total life change for us. .Good luck with your decision.
    5
  19872. Here is my honest opinion. Popular to believe this is not a SELLERS market. What we are seeing is potential sellers deciding not to sell even though there house is 200K over value because when they sell, in essence they will be thrown into this messed up housing market of trying to find a home themselves so your profits may not out whey the major headache of now being thrown to the wolves. Secondly as being a military member that's forced to move every 4-6 years I am almost being force to buy a house for any sort of stability for my family. Right now rental prices have went up 17% nationwide. Now I'll be in Tuscan Arizona within the next year and we are closing on a house in December as its a brand new construction. We are currently looking at at 5-5.5 percent interest rate when its all said and done. Yes for me that high but buying a house for us is still cheaper than renting not to mention landlords for rentals are raising rental rates yearly, driving people out there homes. This home will be our "forever" house so what that means in about 3-6 I will refinance this house for a lower interest rate once inflation settles and interest rates fall IN THEORY. There is a lot I can say about this but it will be too long.
    5
  19873. That apartment looks like something out of the Golden Girls! 😍
    5
  19874. Never understood why people in USA say, its my house! Even paid off, it is not yours! You do not pay taxes, u can kiss that house good bye!
    5
  19875. Ormond Port Orange 👍🏻
    5
  19876. Spending very little here.
    5
  19877. When you buy your home they tell you what your property taxes will be.
    5
  19878. Sorry about your experience with the beaches on the gulf side. Normally, they're very beautiful when there isn't any Red Tide. I normally vacation on the gulf side so I might be biased.
    5
  19879. These videos offer great perspective on potential areas.........however to do that you are right that you would need 2 to 3 days minimum to really get the vibe right and consider if its a place right for you. Love how your honest with no hidden agenda and give us the results straight up. Keep up the great work but take a day or two to relax.....thats the only way to really take in the environments your visiting!
    5
  19880. Hej, May I ask something that related to my situation... If this bank is an international saving bank? and applicable to use if I will go home to the Philippines someday?, becuse as of now I'm currently Au Pair and temporary live in Denmark. And I'm searching for my first international saving bank account too. 😊
    5
  19881. All I learned is that I am moving there soon
    5
  19882. Michael Bordenaro having spices from the 80’s is a bit of a reflection of how often I cook! 🤪
    5
  19883. Houses need to come down!!!!
    5
  19884. Longboat Key is one of the areas on our girls trip list. I really like it. One concern did they allow vehicles on the beach ,we loathe that.
    5
  19885. Haven't commented much this yr. But in NY long island the governor is forcing builders to produce 'affordable housing units' as it has the lowest rate of new construction compared to the whole state.
    5
  19886. Michael, how are you preparing for the pending Tropical storm/Hurricane headed towards Miami? You answered my question. Thanks dude! 😁
    5
  19887. Happy Birthday! Mike. Don't forget to visit Yosemite while your there! One of my favorites. It's a real disgrace what they did to California.
    5
  19888. My home insurance went from 11,000 to 18,500
    5
  19889. the only way you can compete with "the system" is to live as below your means as possible. it means more now then ever. we are getting taxed more with inflation and taxes in a somewhat obscure way that many won't notice in the numbers
    5
  19890. Robin Williams had a house right in the Golden Gate park.
    5
  19891. Excellent video Michael, and excellent to you too Michael's Mom! Nice to see such warm & supportive parents. Really good, down-to-earth people.
    5
  19892. Visiting my family in Florida this December. I just might walk around on the beach hoping to bump into you so I can say hi LOL.
    5
  19893. Palm Coast feels a world away from St, Augustine. In-laws in St, Aug since ‘08. There is no cheap option hack to a lot of these prime locations. I think where I’m at is amazing. Given its only 20min from prime areas. Again, we are LUCKY where we are and what we have for the money on the space coast
    5
  19894. Great video! Video topic idea/what are your thoughts on lower birth rates and real estate long term? I’m seeing schools consolidating in the Midwest and Colorado due to lower birth rates. These kids will be homebuyers in 20+ years. And boomers downsizing. Colorado also built a lot of rush job, low quality material, “cookie cutter” homes. They won’t last as long.
    5
  19895. 14:46 “ I wished I had brought my swim shorts so I can hop in the water with these two hotties” is what you were really thinking. I with you on that one.
    5
  19896. In this high mortgage rate environment, only cash buyers from foreign countries would buy it...The locals would have to sell their home in order to buy another one in cash to avoid paying capital gains tax, very few local buyers are willing to finance a mortgage at 7% 30 years fix...
    5
  19897. Ur helping alot of people in this bad times . Keep it up brother
    5
  19898. Second, the Orange 🍊 County visit. South OC ⛱ are pristine imo. Definitely give Laguna Beach, Newport Beach, and Dana Point a try. Really feel you'll enjoy.
    5
  19899. Where is all this wealth going? You work, you pay taxes and expenses. Some entities are collecting all this wealth transfer! Oprah Winfrey has accumulated $3.5 billion dollars 💸!!!!!
    5
  19900. I live in Ohio and was thinking about moving to Fl next summer but Idk because of how Republican and expensive it is to live there and THE BUGS are way bigger. Idk if I can do Florida maybe just a visit but not living. Especially if ppl are rude. We don't treat ppl like that down here and that might be problematic for me.
    5
  19901. Yes! So tired of gray sky's! I am a beach /sun person! You make me feel its possible to leave NYC! Right now my hubby's company closed. But it will hap[pen eventually for us! Thanks for the encouragement! Vitamin D helps fight Coronavirus and the lockdowns have caused people to commit suicide. Warmth also weakens the virus so being outside in the sun is good for your physical health too and the social distancing thing is not so necessary in the sun! Even the corrupt WHO just came out and said to stop the lockdowns! Why they are continuing is not for health reasons. Socializing in the sun is the best thing for your health!
    5
  19902. Where there are high value areas, there are high value customers. All how we look at the situation. There are sharks in the water these days, if you stop swimming you will get eaten alive in this major shift.
    5
  19903. In some cases like in mine since my house is paid for I make money just by not having to pay any rent or mortgage at all. In my town that equates to about two grand a month in rent or 3000 a month for a mortgage payment.:face-fuchsia-wide-eyes::face-fuchsia-wide-eyes::face-fuchsia-wide-eyes:
    5
  19904. Really Space Coast is good if you’re a surfer who works at the Kennedy Space Center / Elon Musk Space X subcontractors nearby or work in the tourist industry and like surfing. Otherwise you’d have to be a upper middle income retiree but it’s midway to Miami from Jacksonville and 1 hour to Orlando if you don’t mind driving to go do and see things somewhere else
    5
  19905. Your THUMBNAIL 😂😂😂 I CAN’T LOL - Great video.
    5
  19906. Michael, another great video. Paradise Cove is a family owned business and has been for decades. You should have tried to talk to the owner to see why things are deteriorating. The Beach Boys recorded there album there and the series The Rockford Files was filmed there. Was there any mention of that while you and Lizzy were walking around? The food is really good there and lots of it. 👍🏻😎
    5
  19907. Nice place for vacation, but not to live, taxes are skyrocketing , there is a large homeless population, terrible healthcare, and it’s hard to find a decent house under 100 K, the political atmosphere doesn’t help either .
    5
  19908. .Rescue Package 4 - The comeback 😂
    5
  19909. I believe government should not be involved. Let the market decides. Houses left empty and dilapidated will cause losses. Investment losses will drive the institutional investors away.
    5
  19910. That’s what ppl that owned bitcoin thought too. It’s evaporating as we speak
    5
  19911. Normally rich ppl don't have the time to have a cup of cofee outside..
    5
  19912. Congrats on 5 years! Best wishes for another 5.
    5
  19913. Great comparison! The video was very entertaining. Both beaches have assets that make them beautiful. I have to give South Florida the W though
    5
  19914. That's interesting format, at list for me, thanks! May be, you could tell about traffic structure in Miami or Florida in general. I'm interested in motorcycles. It seems to the perfect place to ride, due to absen winter (in contrast to Russia, where we have appropriate conditions for approximately 5 months/year). But on the other side, if you are responcible driver and wear your protective outfit, it might be too hot to ride. So, do you have lots of bikes in Florida?
    5
  19915. I love the last one the Townhouse..😍thats when i retired.🐙🐚🐟
    5
  19916. That's why I will always rent cuz I have the power to move somewhere cheaper and not stuck in some high mortgage taxes insurance etc rip-off u have options u can move to another state if u want with out anything holding u back
    5
  19917. Very nice and clean, seems like a pretty safe place to grow up in :)
    5
  19918. Great video! I'm currently trying to decide between Tampa and Orlando! :)
    5
  19919. Here in Tampa a fellow co-worker was looking around for an apartment today. All the leasing agents said they’re on 1-3 year waits right now. That’s not a typo. When we say FL is full we mean it. Stop moving here folks.
    5
  19920. I have got to move because of my chronic conditions. Looking forward to Fl soon!
    5
  19921. You hit a home run, Michael !! This is a great video !......I'm just curious , how much an apt. would rent for in the complex you walked through, towards the end of the video ?.......Thank you.......Godspeed......
    5
  19922. The retired couple who took out a HELOC at 9% were probably avoiding a tax payment on the withdrawal from their retirement account.
    5
  19923. How are sales of RVs and vans doing I'm wondering. (?) People got to have shelters. Houses are becoming so pie-in-the-sky. "Fundamentals disconnected from reality" You got that right! You can afford Novato? U rich! My sister owns her house there she bought in the 70s.
    5
  19924. You got a suite life man
    5
  19925. Hey I’m a young Londoner finding it hard deciding whether I should move to Miami or LA what would your advice be?
    5
  19926. Empty office building owners need to lower prices.
    5
  19927. Im 50, debt free, have a net worth or 1.4M, with a paid for home, 10 rentals, and farmland, generating monthly cash-flow. I stack cash, gold & silver and save up to buy more rentals with cash. Only have $15k in the market, don't trust it. Create my own wealth and don't trust "the system". My advice for people is to live below your means and invest the difference. It's really that easy.
    5
  19928. Ian I hear could drop as much as 20” inches of rain in the TampaBay / Clearwater area they are projecting as of now 9/27/22 . You could have Straight Line Winds , Tornado’s , Storm Surge besides the actual Hurricane . Sounds pretty scary to me .
    5
  19929. Great colab! Thanks to people like both you and Travis, for always looking out for your customers! Makes you guys that much more trustworthy, and will ultimately increase your business, as people will want to come to you guys first!
    5
  19930. I lived in both California and Florida now. The cost of about everything is almost the same, Housing, Rent, utilities, insurance, food, etc. The only thing maybe cheaper here in Florida is Gas and Taxes. But that's about it.
    5
  19931. Interesting video. I'm one of those that thinks a housing crash is a much needed correction, although I feel for people who will lose their shirt. I feel like you spoke right to me when you reminded us how expensive it is for down payment, closing costs, repairs, savings and not being house poor. It's hard to keep being Frugal and saving and working hard year after year and just waiting. I keep telling myself it'll be worth the sacrifices
    5
  19932. Michael, PCB has always been a hole. Panhandle beaches are fantastic, but the discriminating panhandle traveler tends to avoid PCB. Further west is nicer, and highly recommended is a winter spent in or near Pensacola. You might really enjoy it. Winter beach walks on that kind of sand are awesome. Additionally, in all my travels around Fla, the best fish market I've found is still Joe Patti's in Pcola. BTW, I'm spending the summer on a boat in Jensen Beach. Really enjoying the area. Quiet, great places to eat, tons of boating activities, only the beach is really pretty shitty. Even so, I've enjoyed the break from sensory overload Miami Beach. Not sure I'll go back to Collins. Still thinking about it.
    5
  19933. I own a Toyota 4Runner SUV in Costa Rica. Costa Rica has an annual national government integrated vehicle fee. This covers a circulation permit, insurance, registration, for me $450.00 a year. Based on the make, model and year of vehicle!
    5
  19934. Just recently had a water pipe burst in one of my places and I had to spend 4 hours cleaning it up and repairing it, then another place had electrical faults happening and had to figure out how to fix that replace circuit breakers and GFCI breaker and window air conditioner that burned out due to loose wires in the main panel causing amperage surges. Plus I do all the lawn care weeding and other maintenance. Things like this randomly happen that need to be taken care of. I'm just lucky I grew up in construction and know how to fix stuff so it greatly reduces my costs. If I would've had to pay someone to take care of those issues it would've cost me over $1000. I also have to keep a minimum amount in my accounts to have ready to fix things when they break or wear out or when people move out for deposit returns. It took 30 years to get to a place where keeping funds to repair things were not a huge financial shock. It is passive after a long time in the grind.......Lol.
    5
  19935. Good stuff, indeed seeing ocean and nature makes your day better, then just grey crappy buildings of shitty concrete jungle... Add grey sky to that and you start you day with angry face...
    5
  19936. Lots of scams are run using vacant properties. Criminals use a vacant address to receive scammed cash, street drugs and renting or selling a property they do not own. Owners need to stay vigilant and if not local hire a manager.
    5
  19937. Dude is lapping florida!! Can't wait for the bloopers video with the dog bites, agro drivers honking, backing out of driveways and tripping over shit while looking into camera 🤣🤣
    5
  19938. I think there is going to be another housing 'bubble' especially in Florida.
    5
  19939. Thanks for doing this video Michael!
    5
  19940. How do you set up one month Treasury? 🪙
    5
  19941. I recently saw a eviction/foreclosure list for Miami. It's going to get rough. Lot's of Florida will be on sale. Just within the last week, I've seen the numbers of homes listed in Florida double.
    5
  19942. Body glove pair is nice
    5
  19943. Michael, one other thing a realtor will tell you is the first offer is the best offer! No, we didn’t take it and had 3 other better offers. Beautiful day in Miami.😊
    5
  19944. lived in kissimmee from 1992-1999 awesome place ...now, went back, crime infested, homeless, everyone seems to be unhappy and miserable...so much negativity in the air....
    5
  19945. Michael, ignore the critics and continue to concentrate on excellence! You are doing a great job. Continue to tell the truth about the housing market. Many of us have the intelligence to appreciate it.
    5
  19946. Congratulations 🎊 no one deserves it more than you! Thank you for amazing content
    5
  19947. Be careful, Michael! Biden et al will call what you're thinking of an insurrection and his henchman Garland will send the FBI to scarf you up. 🤣
    5
  19948. Looking at those prices is beyond comprehension….why would anyone pay those prices…?
    5
  19949. You ever gonna move to St Augustine?
    5
  19950. Love this location. Thank you for the excellent content.
    5
  19951. If the prices are stable, but the rates continue to drop, shouldn't people buy now when there is less competition, and refinance in a couple of years at the lower rates and prices rise? We bought our home that way with a 12% or so., which was lower than the market rate. Then refied in a couple of years at 8%, and then a year or so refied later again at 6%. We paid it off in 12 years after the original purchase.
    5
  19952. Great video ❤
    5
  19953. You're so lucky to have such warm weather there right now. It's considered an unseasonal "warm" sunny day here in Maine - got up to about 45 degrees today! :)
    5
  19954. The collab I didn’t know I wanted!!! 👍✨
    5
  19955. Never give to a charity,, give directly to the person you want to help
    5
  19956. If people think that can buy at the peak, pay the new taxes and insurance and transitional costs, then rent to someone for what it takes to be in the black, they have another thing coming. Lots of empty homes across south Florida.
    5
  19957. Hello Michael ,the Gas Cooker i have is over 35 years old ,still works great we have a gas fired combi boiler for the central heating , the price of Natural gas and the electricity bills have increased a lot, over in England , we pay the energy company each month via my Bank over here its called direct debit so payments have increased dramatically. Some people have pay as you go meters which you top up via card or tokens bought locally. there are over 3 million people who have been unable to top up their pre payment meters so are sat in the dark and unable to cook food or heat their homes,its a scandal .
    5
  19958. Bowman's Beach is a very nice beach. I've enjoyed it the times I've been there and it's worth checking out if your near by. That walk from the parking lot is brutal if your carrying chairs and stuff tho. So pack light.
    5
  19959.  @MichaelBordenaro  that’s what we are planning to do, at least our current home is appreciating nicely. But… winter is awful 😞
    5
  19960. Fort Myers had red tide every year. Coughing all the time
    5
  19961. 🙏💪🏻. Great vide as always
    5
  19962. Nothing wrong with mobile homes, just like he says, buy the property you put it on.
    5
  19963. $ NZ 10.71c for a dozen egg's in NZ. The 2 big chain Supermarkets only get egg's 2 days a week. The egg's are gone the same day. No egg's for the other 5 days of the week. So have to go to a corner dairy (very small grocery shop) and pay "through the nose" i.e. $10.71c.
    5
  19964. Michael!!! Happy Birthday💗🤗 Awesome video as usual and subscribers going up and up❤️💙💚 Oops, never want to forget sweet Lisi the dog walker🤗
    5
  19965. I have visited Florida as a kid a few times and as a young adult. I'm from Kansas, lived in Hawaii and Washington. Florida doesn't scare me per say, just the uncertainty of finding a Job right away and also making a decent living and not living paycheck to paycheck. I've been burned before in Washington state, so that's where my hesitancy lies. Luckily, I have family to possibly rely on abit.
    5
  19966. Hey , just subscribed to your channel, what do you think about the Tampa area? Cost of living I guess?
    5
  19967. Thank you Michael. Always enjoying your informative videos, especially your self-narrated walking tours. Ending with the beach scenery is both worth waiting for and the cream cheese icing on the cake. Have you done a video on close by Bal Harbour? ...or Hollywood, Florida? We would rather watch your newest upload with our morning coffee or dinner rather than another rerun. You stay safe out there. Austin in Clearwater Ps. Would be curious to know what brand/model gimbal you went with and are you happy with it? Ps2. The brightly colored flowers/shrubs with the thorns are called "Bougainvillea". Beautiful, sun-loving and long-flowering. Ps3. We're subscribed, notification bell has been turned on and we never watch without first giving you a big thumbs up.
    5
  19968. Don't waste your time on Marco. It's very old with little to do. Go to Naples and North Naples. That where many residents go for activities. The beaches on Marco are very beautiful. But the housing is old. There are some nice new condos on the water, but they're cost prohibitive for most. If you go as anyway, you'll see. Safe travels.
    5
  19969. WOW 😮❗️ You always have great content on your channel. Thank you again for everything you share with us. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  19970. The tax on vacant houses, foreign ownership, etc is an example of government acting just as a trend reverses. Government is late to the party but will help accelerate crash in prices
    5
  19971. Never even thought about that problem with electric cars.
    5
  19972. And I'm currently debating between moving to Florida or to the Pacific Northwest....lol. I think I dislike the heat more than I dislike the gloomy rain.
    5
  19973. OOHH I love this. 🤩LOOK AT YOUUU!!! “Local Celebrity” got fans on the spot. LOVE IT 😍
    5
  19974. Good video, this must be the beginning of the new approach you were talking about. If I do pursue the goal of moving to Florida, I will be happy living in a 55+ community in the Tampa Bay area (I'm 53 already), even going as far as purchasing a high-end manufactured home. I would be very happy to continue to live at or below my means with true financial independence. I will still get to go to the beach, ride my bike, be free from harsh Great Lakes winters, swim in a pool and see palm trees every day.. All those things are "practical and attainable luxuries" in my mind. I have lived a balance between occasional luxury and frugality and it has worked for me so far. I don't pay much mind to Versace and Gucci and high-end real estate and luxury cars, although I do have a solid appreciation for the latter two.
    5
  19975. Well, to prevent a collapse of the US economy the USA State will be forced to nationalise failing banks one way or another. So the taxpayer will pay the bill.
    5
  19976. DESERT GREETINGS MICHAEL 🏜
    5
  19977. I assume condo hotels take a cut of renting out your unit? Also, how often are condo hotels available? And are they desired more than normal condos? Love your videos Michael!
    5
  19978. Love your videos! 250k is an awesome price point! I’d like to see houses from $250-400.
    5
  19979. First lol
    5
  19980. Columbian Drug Lord? Hell more like Politicians, Rich Elites, Wall Street and Government Officials! Those are the real criminals ...😂
    5
  19981. I live in Canada and just visited Chicago with my family. Love watching your Florida and California content. Subscribed and incredibly blessed to watch your videos and learn the differences between these great states!
    5
  19982. The clouds in the background of the beach are immensely beautiful!!!
    5
  19983. I’m in St. Louis Missouri. We saw our inventory splurge about a month ago. Everything listed now is undesirable. I see lots of price cuts for 10-50k but it seems like the sellers are still forgetting to put an extra zero (that should be there) on the end of that price cut. So sure lots of price cuts but no one where near what they are worth. I would say 90% of inventory is fake inventory (wish pricing).
    5
  19984. Love your walking rants, you always bring a clear headed discussion, obviously well thought out, we have to stay to the end b/c we want to hear everything you're saying. LOVE seeing Miami streets, if it was not for hurricanes I would already be there...
    5
  19985. Only 112 today in Phoenix.
    5
  19986. Looks like 14k subscribers will soon move to Florida 🏝😎😃
    5
  19987. can you talk about dating in florida?
    5
  19988. Another great video. If you are wrong about anything then I am wrong also. I agree 100% with everything you are saying.
    5
  19989. Also property lines can determine whose responsibility it is to cut down a tree. We have paid well over 20 K in tree removal in the last decade. Insurance companies cannot make you cut one down, but a large oak falling on your roof can be potentially deadly, particularly since most bedrooms are on the top floor.
    5
  19990. Michael, in California we are going all electric with yard blowers and mowers. They are much quieter. In fact on all new builds, natural gas is not permitted in most cities. I’m a real estate broker, all the tenants prefer natural gas appliances. However, the Democrats have full control in our government. We don’t have a chance to install natural gas in new builds anymore. We are out numbered 2 to 1. Looks like eventually the nation will be full electric. In my own home, my furnace is natural gas and works extremely efficient. What I’d like to know, how environmentally friendly is full electric appliances and vehicles ?
    5
  19991. Wondering if this could cause many to just leave Florida, much like those leaving California, albeit for some different reasons. Michael's observations and warnings makes me think of the title of that 1965 hit by The Impressions: "People Get Ready".
    5
  19992. Living in a high rise, just to think of a fire in front of the main entrance, how would the people get out. In other condos how are the HOA keeping up with cracks outside the walls they can't even see above higher floors. How would they do the inspections is my concern. I can't stop thinking of the families who lost a loved one, I pray for them every night and also that this tragedy doesn't happen again.
    5
  19993. The water's actually closed in Destin today, not sure why they didn't have the flags out
    5
  19994. Jammie diamond from J.P. Morgan warned about a month ago to everyone to start stockpiling cash now
    5
  19995. They're lining up right behind the people who say they'll leave if DJT is reelected.
    5
  19996. We recently bought a house in Largo and it's in an HOA, however it's only $28 per month and covers trash pickup and other small amenities. There are lots of rules about set backs and fences etc but because of it, the neighborhood has an expansive feel with no huge vehicles or weird structures piled on top of another. I think it' worth it! I owned a mobile home for 5 years in Clearwater and what a nightmare that can be!! Maybe you could talk about that a bit because I think people don't realize how they have almost no rights when leasing a lot. Thanks!
    5
  19997. HBD belated!
    5
  19998. I love Palm Coast. We moved out Orlando cause it was too over crowded. We had a new 5 bedroom/ 3 bath home built in Palm Coast. We closed on it April 9 2021 and moved in April 10th. The neighborhoods are beautiful and the entire city looks so clean and manicured. Our home was 242,990. YES under 250k for a 5 bedroom. And we have a huge back yard. There are restaurants and shopping stores less than 10 minutes away, but you are right there is no big city or downtown. The beach is 10 mins away.
    5
  19999. Water sewer trash, $200, St Pete house
    5
  20000. Loved the pretty part, so gorgeous. At the tail end of the pretty part it seemed to change to Southern topography with all those oak trees...I'm guessing they were oak.Thanks!!
    5
  20001. State Farm General Insurance Company announced it will stop accepting new homeowners' insurance applications in California. The company cited “rapidly growing” catastrophe risks like wildfires, “historic increases” in construction costs and a challenging reinsurance market. How is this going to work out?
    5
  20002. That makes 2 of us. We’ll keep an eye out for the next year to see what happens…if we make it that long.
    5
  20003. The west coast of Florida gets busy (we go to Naples every new year) but I still dont think is any comparison to the Miami/Ft Lauderdale area. Then again I havent been to Tampa area in a while. Def plan a visit. Thx for sharing.
    5
  20004. What a mess and those decision makers are pretty dumb as they have no real life experience as they just get a job and now in a position making it up as they go along as Today sounds like You need a good job and a lot of cash to buy a house like it was before.Just keep saving and try to make Your money work for You.
    5
  20005. As I am watching this vid, the plumber is fixing my frozen drain pipes. I nearly burst into tears as watching this beach video 🥲but LOVED every bit of it. Keep them coming. It keeps me sane 🤣 and working towards my goal 🥅...
    5
  20006. Lemme ask you a question. Booked a trip to Tampa area in 3 days. Have $14K with no job or much credit history but plan to work when I move. How difficult will it be to find a reasonable place? And what is max I should be renting?
    5
  20007. Glad I bought in 2018, not a good time to buy
    5
  20008. There are many, many very mean landlords out there.😢😢😢
    5
  20009. So Happy you both are enjoying the Bay Area!!!😍September and October is Summer Weather and at night it cools off!!!😎🌴
    5
  20010. 3:25 - "I wonder if this place has actually gone a little bit down hill..." Like South Beach.
    5
  20011. Agreed, I lived in Jacksonville too. All the beaches are beautiful
    5
  20012. Best Florida tour guy :)
    5
  20013. Hello Michael ❤❤❤
    5
  20014. Respect your bravery.
    5
  20015. I'm sad that Florida has been infiltrated by New Jersey and New Yorkers. I went to high school and college in FL and had to move away. I went back to visit and it's totally sad. I still love my state and plan on moving back but the yankees are ruining it. I wish they'd stay where they came from.
    5
  20016. I think the tax break idea is really smart. I would go further and make that initiative for first time buyers, low income, the disabled, veterans, and people who were previously homeless. You are right, there are plenty of homes and apartments, but very few are available and if they are, insanely expensive for a majority of the people mentioned above. I am a first time home buyer looking for a property here in San Diego to move into with may family, the prices are starting to dip, but its still super high. ( 800k for a 3br ranch house, 700k for a 3br condo is on the end)
    5
  20017. Nice and all, but shouldnt a LUXURY condo has the washer/dryer outta site, behind doors, ??? smh
    5
  20018. I just went through a divorce and living with my parents and saving for atleast 10% on a 2 bed rm condo
    5
  20019. Wow, that is a crazy agent. Just get another job ? sheesh
    5
  20020. I’ve been living in Pennsylvania for 14 years.. and I’m finally moving to Florida can’t wait!
    5
  20021. I survived my first hurricane !
    5
  20022. Phoenix Housing is CRASHING.... NO BUYERS. You called it Mike.
    5
  20023. Will Beach front Condo HOA fees in Alabama be effected in 2025 or just Florida Condos?
    5
  20024. You can register your car through AAA Michael. Its so much easier. Just a thought for you. Love all your vlogs. Follow you every day:)
    5
  20025. What about the people who are fulfilled by Amazon.. What does that mean. Please
    5
  20026. A tenant can NOT legally withhold rents - they must go to the courts and deposit the monies with the court. Read your state's Landlord Tenant Statutes. One way to cause the Landlord to start the eviction process is to withhold the rent.
    5
  20027. Belvidere, IL. Love it! Go Bucs! I'm sure we know many of the same people. Thanks for all your insights.
    5
  20028. Hello from Washington DC! Would love to see a tour of Miami waterfront real estate from your boat.
    5
  20029. Hi Michael 😊❗️ Just want you to know that I watch each and every video you put out every day. I may not comment on each one but I absolutely love all of your videos. You are going to be so busy selling homes 🏡 when the right time happens because you are an honest man and share the BEST information on each and every video you do. Still considering Clearwater if it pans out. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  20030. Closing on my real Florida home and moving in next week 😀SMPants so excited to be here Daytona Beach
    5
  20031. Congratulations on your three year anniversary. May you have much success in the future.
    5
  20032.  @MichaelBordenaro  We had a subscription to Factor for a while and they are good. We stopped recently because we weren't eating them fast enough.
    5
  20033. Lol 2.65 million😂, someone will still buy it😂😂
    5
  20034. Keep on showing all these crazy houses and every other house too.
    5
  20035. Walmart stock is crushing it though. B/c Walmart is still the go-to for household staples and essentials, and tends to be the cheapest. Cheaper than Amazon and their subscription service for free unlimited local delivery is cheaper than Amazon Prime and Amazon Fresh/Whole Foods is WAY overpriced (and Amazon Prime now forces ads on you, so what are you even paying for in the first place then?)
    5
  20036. How's Miami Mike B?. Was it hit hard by the hurricane?.
    5
  20037. Well said Michael !!
    5
  20038. In Maine a bill was presented which would tax second homes more significantly. It was shot down mainly because legislators were concerned about Mainers who owned camps. I think with some rewriting it would be an excellent idea. They should double or triple the real estate tax on homes that are owned by out of state families or institutions. OR locals need a significant wage increase.
    5
  20039. I live in California for 26 years i move to Neveda state last year 2023. Because of high cost of living, crimes, homeless people keep rising everyday. In Neveda i don't see many homeless people like California did.
    5
  20040. Why would anyone want to live in high priced California 😂😂
    5
  20041. Sure they would say that because they want you to pay 25% more, which is probably how much more expensive they will be in 2026. Nobody can time a market or they would be the richest person in the world. Obviously the signs of a crash are all around us, but everything is propped up by so much funny money and fairy tales there's no telling how many decades it could drag on.
    5
  20042. The real disaster is, 7% interest rates, is not affordable. In 1975 18 % interest rates was affordable. What happened ????. CORPORATE GREED!!!
    5
  20043. There’s bad anywhere you go. Heat, sun, and water are amazing!!!! Great Florida video👍🏼
    5
  20044. Agree! Bring on the higher rates.
    5
  20045. Hi guys ❤
    5
  20046. lol, yeah, that's how math works
    5
  20047. This is a very good introduction video!. Thumbs up Mike B!.
    5
  20048. A 20% reduction compared to '08/'09 in certain areas seems a rather modest reduction.jmo
    5
  20049. I live in Canada ...I've been told not to come here ...mostly because we're lousy drivers
    5
  20050. That's exactly what I want. The slow pace life of Florida. I'll trade this ny lifestyle of rushing all the time, dealing with traffic, and the rest of it for that. The gulf coast of Florida sounds perfect.
    5
  20051. I love those Miami Art Deco buildings
    5
  20052. GREETINGS FROM THE DESERT MICHAEL 🏜 😃🌴
    5
  20053. DFW area there are a lot of listings coming up...but not much price reduction. Considering the high property taxes in TX, times it is as if you pay rent to the county. It is better if the price comes down...so that tax is not a monthly burden.
    5
  20054. I’m so happy for you!!! More blessings coming to you 🤗
    5
  20055. And......we got 20K subs for Michael! Congrats man.
    5
  20056. I've been to all those areas and they are all good choices. I know you are in real estate, but I was much happier living on a sailboat. By the way, Bonita Beach has the best dog beach I've ever been to.
    5
  20057. Thank you for all the great information. Very educational and helpful.
    5
  20058. Thanks, Michael!
    5
  20059. Why does anyone need a trophy house ?
    5
  20060. Hey Michael! I know you're not here yet, but welcome to Cali! Can't wait to see where you visit!
    5
  20061. I don't understand why you say this city is going to "foreclose" on an inherited property, where a fully paid (for years you said) property deeded to someone has "fines" since 2004 (before she took possession). I can understand if you said the city was putting a "lien" on the property and/or possibly putting her in a position to sell it (maybe the city wants that property for their gain and other use?) so she can pay these so called fines. She should get an attorney and make sure the "fines" are legal and/or arbitrate the amount owed if needed.
    5
  20062. Its funny that you see some Sellers listing their properties now as interest rates are going up and prices are decreasing. Makes you wonder why they waited.
    5
  20063. Michael, Stay safe !
    5
  20064. Almost to 100k subs, great.
    5
  20065. First time home buyers in TN like me are priced out for 3-5 years. Unless you move here from a state with higher cost of living or get a raise making 200k a year there has to be a crash before you can get a home start a family
    5
  20066. You've given me some things to think about for sure. Keep up the good work.
    5
  20067. Stay single your pockets will jingle
    5
  20068. House value plummeting and will go down for years possibly and there galaxy brain idea is to buy more homes at the top and sell them later for a loss. Geez!
    5
  20069. I wanted to sell my condo in the summer of 2022 and move to Florida. Fractured my upper tibia in May of 2022, which ruined my plans completely. Now I’m stuck in a bad market and still not completely recovered from my injury.
    5
  20070. It is amazing how bad drivers are in tropical areas of the world, I live in the French Caribbean and drivers here are a living nightmare , anyway big up Florida , nice vid👍🏾
    5
  20071. Probably "Timeshares" (across the street from Ritz Carlton)........
    5
  20072. Three of my relatives and one of my friends they all work different types of jobs in live in different places . Different states but almost the same thing happened to all of them . None of them lost their jobs but they got their hours cut from 40 to 30 and one of my friends to 25 hours . Show the economy must be slowing and they're not on the unemployment statistics but they're making way less money 💰. One says he can barely pay his mortgage now.
    5
  20073. You, I and everybody else are in big trouble.
    5
  20074. I am in western New York. Every half decent house in a livable neighborhood is going for 50k over asking with 20+ offers. It’s hotter than ever.
    5
  20075. Yes, the Villages is beautiful however like in your Ocala review, you failed to show the residenial areas. You can find beautiful home in both Ocala and the Villages. It is just lifestyle and how much you are willing to pay.
    5
  20076. Bienbenidos Miguel! I’m sure others have told you this but you’re just 150 yards from the town Square at Lake Sumter. great bands seven days a week from 5 to 9 PM.
    5
  20077. I know lots of people living in $5,000,000 houses and paying only $500/mo property taxes because they or family members bought it decades ago.
    5
  20078. I MADE THE 07 BUYING MISTAKE, NEVER AGAIN. NO FOMO HERE, WAITING.
    5
  20079. It all smells of Bank desperation to me trying to sustain unsustainable Debt.
    5
  20080. There’s a great divide between what the federal reserve says they will do and what the stock market things says they think will happen. A lot of people unfortunately view the market in isolation: some look only at real estate, others only at stock prices, etc, so miss a lot of important financial data and indicators since they are all related.
    5
  20081. I think people don’t want to do inspections before bc they will have to disclose that info to potential buyers.
    5
  20082. Seems to be a nightmare to those that paid for an overvalued property price that needs major repairing.
    5
  20083. Very interesting. I feel like I'm getting a valuable "real estate immersion" source. Thank you.
    5
  20084. I have been watching a lot of videos on living in Florida especially from your channel, but I have noticed many other people that live in Miami say the crime and over crowding is one of the growing downfalls on living in the area. Since you have first hand experience would you agree with those opinions?
    5
  20085. Saw another car repo this week, and they hauled it right back to the Honda dealership. Dr.’s & Dentist’s want more money up front for visits now. Was going to make an appointment at a specialist’s office, and they said if I paid in full on day of service they’d give me a discount so that they didn’t have to deal with insurance.
    5
  20086. Not in Australia, I sold my house within 2 weeks last month for 40% more as I bought it 5 years ago and the home was 40 km from CBD Melbourne. Well homes going slowly down, however Australia has government incentive for FHB and not enough houses. Interested rates are around 4%.
    5
  20087. In your opinion for an investment property in Florida is better a house or a condo ? I am following your tips. Thank you :)
    5
  20088. I was born in San Diego and went to college there. I wish it was better. Since it is not, I'm here in Miami.
    5
  20089. I was born in Jersey, spent 40 years of my life there. When we paid to get on the beach I always thought that was normal. Haaa ridiculous.
    5
  20090. Oh man l want that life!
    5
  20091. Can you show us Rosemary beach and clear water and st Petersburg :)
    5
  20092. Michael, I've watched 99.733% of your videos; this is one of the best....
    5
  20093. Great video. Michael almost looked like dr.Phil for a sec 😅🔥
    5
  20094. If you have CASH, then you just need to worry about the price being too high, not the higher mo payment
    5
  20095. Already retired and doing great.
    5
  20096. It’s ok if everything is going up in price that’s capitalism but it’s not ok that wage’s are not going up enough
    5
  20097. It’s not that people don’t know how to merge but don’t want to allow people to merge in bc you have to be very aggressive driving there
    5
  20098. Already high on my long list of reasons not to have kids.
    5
  20099. I'm with you. I HATE, HATE, HATE hot and HUMID weather!! It would ruin it for me.
    5
  20100. Florida residents feel so optimistic & good because of Florida's Great Governor Ron DeSantis. DeSantis has made Florida the safest & best place to live in America today!
    5
  20101. We purchased a new build California home in June of 2009 when things had started crashing. The builders couldn't get rid of it. The interest rates were above 6% the house was originally 799k and was lowered several times down to 540k. The payments were still too high. So they offered to buy down the rate. They spent about 25k to buy down the rate so we would buy it. We ended up buying and getting a huge 20k tax refund from the money used to buy the rate down. We really never thought about it being tax deductible. Win, Win.
    5
  20102. So glad I don’t live in San Francisco
    5
  20103.  @MichaelBordenaro  At least 10 times. Full disclosure: I live in NY and have been attempting to relocate permanently to the midwest. Ames, Des Moines, and various cities in Illinois are thriving right now, and are therefore quite appealing, especially as a prospective first time home buyer. -- I'm beginning to suspect good ol' regional bias and provincial fear. I get the impression that they don't want their idyllic lives overrun with (what they perceive as) interstate elites. Equal parts silly and offensive. As someone who's lived the majority of my life in Europe, I can honestly say that I find more harmony and cooperation between members of the EU (despite greater language, economic, and ethnic divides) than the "united states" themselves. Just discovered your channel, by the way. Fabulous content and valuable insights. I'm grateful to live in a time where passionate, knowledgeable people have a platform to share their education and advice. Thanks a lot.
    5
  20104. Many years ago I sold used cars at a large dealership. The number of people that end up under water/ upside down as we used to say was amazing. And the car is broke and out of warranty and they can’t afford to fix it.. they show up at the dealership and think we can do some type of finance Voodoo financing magic. At that stage it is game over.
    5
  20105. I was a Realtor in Iowa for 40 yrs. I never had any problems with sellers not wanting to pay the buyer's agent. It was all disclosed on the listing agreement & the agency disclosure.
    5
  20106. Nice place to visit... but, ✌🏻🙂
    5
  20107. I have lived in both. No doubt Cali has the best weather but you pay for it in many ways with real estate prices, taxes etc. I am one who needs alot of change and I feel like Florida is almost like it's own country which I like. Each city is so different. Yes it is WAY hotter than people think. I liked your points. Most of my older female relatives in Illinois do not want to move because of their hair and humidity. Lol. I moved when I was 18 from IL to Cali. I wish I started in FL. I think Cali is great in your 20's but by 35 it is best to get out of the rat race in Cali.
    5
  20108. Your wife adds great beauty to the presentation!
    5
  20109. BEST VIDEO!!!!hey mike,,i been searching these videos all week,,thank you my friend!! WELL DONE & MAKE MORE!!
    5
  20110. Love the conversation style video! You could do worse having Miami Beach as home base!
    5
  20111. In Tampa Bay, I have had relentless phone calls, print media and big name realtors after my home to sell for over a year now. It is so incredibly bad.
    5
  20112. Thanks!
    5
  20113. I am scared of Miami drivers! Glad its not just me! Traffic is always grid locked here so people cant drive crazy!
    5
  20114. There aren’t too many year round rentals in my area, Cape Cod MA, mostly seasonal and very expensive. I’ve heard that there are rooms for rent rather than an entire apartment or house. I saw a house being shared by several renters, more than five people. do you think that will be a trend in the future?
    5
  20115. Michael, what hair product do you use? Asking for a friend . Thanks for the content buddy ! You deserve a million subs
    5
  20116. You should go to Silver Springs and ride the glass bottom boats. Pretty cool. P.S. I am from Elgin. But I like Florida in Winter. It's too hot in summer.
    5
  20117. Great vids! As a Florida resident…my insurance is a joke. Not just home but auto. Great credit. no accidents. etc. I’m not in a flood zone and my rate is still around 10k a year. Auto around 7.
    5
  20118. After 5-10 years, you need a big renovation to bring up the value of the house to keep it up with 4% appreciation. 😅
    5
  20119. Please do a video on the villages.
    5
  20120. Great video, as al says! Love that you listed mid-sized cities. I feel that is where a lot of people are looking to go for exactly the reasons you listed. Great job!
    5
  20121. For years, I have been saying the exact same that you are saying about criminals wanting to stay in prison.
    5
  20122. I think the old man was about to pull out his conceal and carry 😆
    5
  20123. I watched the 10 year Treasury, which is the mortgage rate and man. It's been going up
    5
  20124. Lowering prices is the only way to stop inflation. That is why rates are going up. Economics 101.
    5
  20125. This is one of my favorite YouTube videos.Michael has great common sense and thinks like an economist
    5
  20126. Michael Bordenaro I live in the Chicago area. How cheap is it in Miami compared to Chicago and when will it be to late to move before the home prices get too high?
    5
  20127. Better than handling the cold 😀☀️
    5
  20128. The funny thing alot of colder climate people forget is... "You can ALWAYS get warmer by putting on layers. You can only take off so many the other way around".
    5
  20129. Truthfully, if there is time to scroll through Facebook or Tiktok or Youtube vids - you have the time to do some Doordash or Instacart on your way to get your mom her groceries, for some extra funds
    5
  20130. Living in Colorado now and I love CO but the weather sucks. It's summer now so it's decent but the elevation and lack of humidity is awful. Its hard to breathe here and I'm not sticking around for winter again! FL bound by October.
    5
  20131. CA's eviction moratorium is set to expire June 30th. Let's see what they do, and what other states do. 1.5 Milllion people are way behind rent in CA.
    5
  20132.  @MichaelBordenaro  Great point! Insurance costs! I don't know why our insurance in this little development is so low. Maybe because each building is small and simple? Hmmm. And we are self managed. No management company here would even consider managing such a small place - so that save some money, too. The highrises five miles south of me (downtown), though, are outrageously expensive and have outrageous HOA fees. I was really blessed to find the best of all worlds here in my 863 square-foot condo. Well, I know you're busy. No need to respond! Have a great week!
    5
  20133. I really like this video, from time to time please make this kind of video to know more about Miami. Thank you.
    5
  20134. I always thought not too long ago paying $400 a month for lot rent was crazy. Lot rent should only be $200 a month anything over that price your paying way too much. I'll live in my van if it ever came down to it.
    5
  20135. Thank you Michael 🙏😊I agree with the ban👍🏻
    5
  20136. I love this beach. My son and I were there in June. So glad we went. The food stand had the best ice cream 💜.
    5
  20137. Great info.Nice to hear truth.Thank you
    5
  20138. Thanks for sharing all the details and the room. I'm on my lunch break and needed to daydream for a few. I stayed in cedar key for my birthday this year. Very old Florida and peaceful, I loved it.
    5
  20139. I think I have quit more jobs than being fired. It is more satisfying to quit especially when they offer you more money and / or benefits and you still quit, sometimes even with no other job lined up. Takes some serious balls though.. I do not have any degree or any special training really. You just have to muster up some extreme self-confidence. Sometimes that and a little hard work is all you really need in today's world.
    5
  20140.  @MichaelBordenaro  Yes, I would love to provide feedback for your YouTube channel after living over here for a while after I have the full experience of living on both the Gulf Coast & Southeast Coast of Florida!!! As you know by having your own YouTube channel... it is a questions that is asked over & over & over again!!!
    5
  20141. Nice video ... the break down was great . Its a good feeling to know I don't have to get my hands dirty with maintenance... but boy oh boy finding a contractor to do some work in Miami Beach is turning out to be difficult 😅
    5
  20142. Great stories, I enjoyed them.
    5
  20143. I’ve lived in Tampa for a year and a half and it’s really not as shady as it appears. The neighborhoods that used to be really bad are definitely becoming liveable
    5
  20144. I just bought a sandwich a shake and a small wrap at jack in the box and it came to 19 something... I'm in the drive thru... it's insane....
    5
  20145. I am hiring automotive technicians for $100k plus per year. This has got to be the biggest industry shortage out there. Absolutely NOBODY wants to repair automobiles anymore. Most people are ending their careers early due to EV's.
    5
  20146. Just gonna keep saving money and raising my credit score.
    5
  20147. Another great and timely video my Friend. I was reading the comments. How can anyone complain about your content if they are at all seriously interested in Florida or just want to see something created with good taste. Please continue I appreciate you and I think most others do as well. So please continue by doing like it like Frank Sinatra, your way! I find it interesting that West Palm Beach has such expensive water compared to areas around it. Naturally, West Palm is one of my favored places to move to so far in my research. Thanks to you I started watching that Boat Zone channel after you ran into the You Tuber on your walk, Now I'm interested in a small boat too. LOL Life is nothing without goals to be met I guess. Stay well and have fun with our videos. Wishing you the best.
    5
  20148. Yes I love Sarasota I live there :)
    5
  20149. Great video I live in Tampa lived in Sarasota Clearwater Aventura worked in South Beach. Thinking about buying a home in Sarasota but love escaping to Miami for weekend getaways
    5
  20150. The problem with the way BNPL companies operate nowadays is that they check your credit before they extend you credit but they don’t report your credit experience with them to the the credit bureaus. This can cause people to get in way over their heads with these BNPL loans.
    5
  20151. Our renewal rent offer just went up $400 per month. We won’t be renewing. We are leaving Florida
    5
  20152. Thanks Michael for sharing another excellent review thanks, get back to Miami ASAP 😂
    5
  20153. CA will pay reparation people around almost half a million dollars each? the F wrong with that State?
    5
  20154. What happened to house flippers?
    5
  20155. Did you hire the guy with the leaf blower to follow?
    5
  20156. I totally enjoyed that one Michael! Sure, attack other issues because Realestate!!! You're very interesting. Also I've never seen so much of Miami before!!! I hate the humidity so I'd never go they again. But i enjoy seeing it!!!
    5
  20157. Been to both Hawaii snd the Bahamas. For my husband, son, and myself, we ALL prefer Florida! (I do love Hawaii, but Florida is just more appealing to me. Florida has the best beaches and vibe, overall! I love the Gulf side, in particular.
    5
  20158. My husband and I quit our jobs 8 years ago and drove cross country for 4 months, I don't regret a single moment. So many beautiful places to see. Not sure where you are heading next but Telluride, Jackson Hole, Sante Fe/Taos.... Lord I could go on forever at all the places I loved. Enjoy!
    5
  20159. Tesla unsold car $$$$ are piling up in Central Florida
    5
  20160. Coming from Oklahoma it is hard to equate the homes and prices because for 250k in Oklahoma you can get a nice 2story with a couple acres in a great neighborhood. But I can confirm that there are no ocean front properties in Oklahoma City😂😂
    5
  20161. Thank you for the down to earth advice.
    5
  20162. i'm a baby boomer looking to buy a newer (not new) house for $1.5 million and have programmed myself to believe that the house will eventually sell for less than $1 million in 20 years due to other boomers (or their offspring) flooding the market with their houses. it's just a fact of life.
    5
  20163. California are giving a Stimulus check, No other state is doing that!
    5
  20164. If Elizabeth Warren can be Native Ameican, then anyome can be African American and/or Hispanic. You are approved.
    5
  20165. Live in SF. Sure the downtowns are dead, however I worked remote here for years before the pandemic. The residential hoods used to be nearly empty during the day, now they are kind of bustling with activity, new shops, new lil grocery stores etc, it seems a lot of that economic activity just shifted to everyone's independent hoods as so many work remote now. Lunch time means spending the $ at the places on your block rather than the hipster 40$ salad place you don't really want to eat at.
    5
  20166. I grew up in Miami but now live in Minnesota. Y'all can keep your warm "winters." I love the snow and hate it being above 45 in winter lol.
    5
  20167. Me too and snakes 😬😑
    5
  20168. The less you put down, the more the mortgage payment. I did 40 percent after selling one and inflation isn't hurting as bad as it could've. But still LGB.😂 Government spending got us into this mess.
    5
  20169. RENT don't buy!
    5
  20170. “Actually it’s just me” lol I like graham’s content too, and watched that video last night, don’t know why anyone would want to live in California, New York, or New Jersey at this point, without getting too political the drawbacks are obvious to most.
    5
  20171. i live in The Woodlands Texas, voted the top city to live in last year. Plenty of empty houses, unaffordable to 90% of people
    5
  20172. Wish I’d been smart enough to think about financial freedom 20 years ago. You’re further ahead of life than I was or am
    5
  20173. Hey Mike. Started watching you about 2 months ago and I really enjoy your show. I am a 73 your old grandfather, retired living with my wife in Sacramento California. You have an excellent presentation and I watch your videos daily. Keep them coming Mike you doing a good job bro. Thanks, Jeff Holland, native San Francisco now living in Sacramento
    5
  20174. California has the Fair Plan for fire insurance. Not good coverage or cost though.
    5
  20175. All that’s missing in this video is Travis or Scott lol
    5
  20176. 100% right about older crowd includes Palm Coast too
    5
  20177. When I purchased my home I could well afford it and did some upgrades along with maintenence on 3 acres. Since I moved in 23 years ago, I'm getting older, the taxes have now doubled, my income has gone down, insurances have increased, maintenence is ongoing. I need to sell because I can no longer afford to keep the house. It isn't because I don't work hard, but my industry got hit hard with the covid situation. I am self employed & I am still dealing with the covid situation and increased overhead for my business. . Sometimes life throws you a curve ball & you find yourself a financial situation you never expected.
    5
  20178. Can we all agree that these new construction homes are overpriced, like 50% overpriced. I know the builders can cut 20% or more easily and still profit BUT they are holding out. I am wondering when the will give I'm and adjust
    5
  20179. The biggest issues are in South Florida. Too many scammers and overpriced properties.
    5
  20180. Back in the early 80’s when I was still young and dumb I purchased a house for $80K, $5K down, and a negative amortization loan with $1,100.00 per month payments. After one full year of making those payments the balance of the loan was more than I paid for the house, yeah, after the down payment and all those monthly payments I owed more than I paid for the house. I walked away and it became a Bank owned property. Ug! Lesson learned! Since then I have purchased 2 Bank owned properties, however, I did it with cash.
    5
  20181. The roof was $8k three years ago. The heat & a/c system was $12k last year. Had the hot water heater serviced for $600 last year. I can imagine what these items will cost in the future. Its a 1240 sq ft villa style townhome. Its my forever home as well. Its the happy medium between an oversized house and a trailer home. Some of the trailer parks looked nice when I was living in Tampa Bay. But that was back in 2005. I’m sure many of those trailer parks have been corrupted since.
    5
  20182. We have this issue at a property in Texas. When the fence was replaced, it was painted a too-light shade of brown, although it looks like it matches to me. Only three colors and one brand of paint are allowed. FWIW, I am on the board of another HOA, and the only thing we care about is if the color causes neighbors to complain, which has never happened in 25 years. The dues are $25/mo, which covers mowing and landscaping a small piece of land around the neighborhood sign, and 3 or 4 annual parties we have down at the park.
    5
  20183. Thank you Michael for sharing another great video today. Also just wanted you to know that California misses you and Lisi. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    5
  20184. It depends, if you are married with wife and kids , or retired or if you are single . We bought a house in 2014 and I feel like I'm in control of everything. If I wanted to rent a house like ours with a swimming pool, it's $ 2,500 . I just refinanced my mortgage and my payments are ,only $ 1150 a month plus utilities. I am paying off my mortgage every month and should be mortgage free in 5 years.
    5
  20185. Liability issues
    5
  20186. My HOA sent an email to all owners not to come to the office without an appointment (to see the Property Manager). Guess they're being proactive for the 2025 increases. LOL
    5
  20187. Michael it’s 7 degrees here in Maryland so your video warms my toes 😂
    5
  20188. Hahaha...great intro to your video. No one in their sane mind would give 300k to the greedy hands of that seller unless they were born yesterday (or work for OpenDoor..LOL)
    5
  20189. I can put a washer/dryer in my Condo, but choose not to. It costs 1$ wash & 1$ dry. No problem 😊
    5
  20190. Yes! Definitely more of these videos please
    5
  20191. Michael to the rescue 🔥
    5
  20192. 1
    5
  20193. Thank you for your insights!!
    5
  20194. Interesting thoughts and opinions Michael. Here's some of mine. Adjustable rate mortgages or teaser rates can be very beneficial. Take advantage of that low payment, make the fully amortized payment and apply that additional money toward the principal. Why would a seller offer to pay points instead of lowering the price? Points, closing costs, and interest are all tax deductible. Private financing works if you feel like being a private banker. There are pros and cons to everything. I'm seeing empty high ticket rentals this season. I'm watching. ✌️ ❤️ ~ 🦋
    5
  20195. 20:29 wow that succulent giant plant in that courtyard! Bravo for the gardens in the walk. Great coach on money you really are.
    5
  20196. Thank you for mentioning high yield savings- I just looked into it. Thank you.
    5
  20197. Like a cancer the welfare mentality is what is killing the U.S' financial foundation. Alexis Detoqueville's 1835 book Democracy in America predicted this; "the decline of the American democracy will begin when people realize they can vote themselves the fruits of other people's labors".
    5
  20198. You may want to check on the Cobalt mines in the Congo using thousands of slaves.....critical battery materials come from there....China owns the mines too.....
    5
  20199. I like the lighting Michael...the condo lighting is a cool background effect. Great vid as usual. We're paying attention...many of us don't have the time to gather our own daily summary of what's going down. Your vids are excellent because you explain what's relevant. Thank you!
    5
  20200. Florida is a mess right now. This will exacerbate the housing crisis in Florida.
    5
  20201. I will take Michael advice over Barbara's nonsense any day.
    5
  20202. Thanks for sharing your life with us ,and also taking the time to read and answer to all comments. 🙏🥰 You just need to listen to your body, it knows what's the best for you, and dont care what might people think about you. 👏🥰🎄🎅🙏
    5
  20203. 6.49 on my HELOC, zero balance. Not bad considering 9 month CD is 4.75 Totally agree with your thoughts on adult children living at parents home! MOVE ON!
    5
  20204. Thank you so much for your helpful videos! I just found your channel last week and I’ve been enjoying all of your videos!
    5
  20205. When they paid MANY THOUSANDS over asking, Bought too much house, No appraisals, no inspections. Cant feel sorry for them.
    5
  20206. Excellent and informative, as usual, Michael. Your videos enable me to virtually travel to Florida at any time! Much appreciated.
    5
  20207. Could you speak on the adjustable rates coming due on commercial real estate? Banks are not looking good from what I hear. Go Bucs! Thank you.
    5
  20208. Many all across this nation only earn sixty or seventy thousand dollars a year . Much if not all of Florida is completely unaffordable.
    5
  20209. Good point and if you'd asked me in January if we were going to go that way, I'd say "no". Now? The floor keeps going down on potential price drops, which means a lot of people are in for a really nasty shock. I'd be satisfied with a rollback of the price inflation since 2018-19, but there's a strong chance it goes down more than that. I don't know how severe or long-lasting the recession is going to be. Neither does Jerome Powell. Neither does ANYBODY.
    5
  20210. It only saves money for the sellers "if" they sell..
    5
  20211. I have lived in FL on and off since 1975 approximately . You are dead on with everything you are saying. That is why I am considering staying in PA . Still undecided.
    5
  20212. another great video. just subscribed because you are one of the few people out here giving your honest opinion. Good job Mike!
    5
  20213. Enjoy all your vids!
    5
  20214. I enjoy watching your videos simply because you're always 100 percent on point and a very down to earth person, awesome video as usual
    5
  20215. I love your channel, thank you so much!!
    5
  20216.  @MichaelBordenaro  For what I'm paying for a small studio condo in Carnegie Hill, I could have a TWO-bedroom TWO-bath TWO-TERRACE condo on a high floor in Aventura. And I wouldn't have that schmuck "mayor" DiBlasio and Mussolini Andrew Cuomo and his horrible taxes to deal with! EVERYBODY I KNOW IS GETTING OUTTA' WHAT'S LEFT OF NEW YORK!
    5
  20217. Hi Michael I enjoyed this video. I live in Illinois also. I am retired and I am so ready to move. Thank you for your input. Will let you know my decision
    5
  20218. I am so beyond pissed at this whole rental situation. My landlord raised my rent this year 500$ a month. After raising it 150$ a month last year. I emailed Governor DeSantis Rick Scott and Marco Rubio. Not even an auto reply email. This will only get fixed with government intervention. It HAS to happen. This can’t go on folks. Also USAA said on Linked In employees have 60 days to get back to the office. Their employees are crying “Ive moved” and etc. well then find a new a job like Elon Musk told Tesla employees.
    5
  20219. I believe that the Maine state pension system (retirement system for Maine state employees) invests in these institutional companies. I found some information online regarding that. Shocking… Our housing market is so unbelievably out of control. Today a condo was listed (would have easily been under one million prepandemic) for 10 million. There are 7 houses for sale in our entire county under 250k, some inhabitable needing significant structural work.
    5
  20220. the thing with Miami housing is that not enough $-500k homes or cheap rentals are being built. the only housing being built are luxury condos/houses. also add that we are heavily reliant on cars which takes valuable real estate. an lastly, the city is very corrupt!
    5
  20221. Good video Michael. Just like Location, Location, Location……have patience and remember Correction, Correction, Correction! 😂
    5
  20222. Me, my wife and kids left Illinois in 2007 and never looked back! Well besides going to visit family here and there lol
    5
  20223. God bless beach bums!!! :-)
    5
  20224. That's bs they want cashless. They send check info w pics over phone. Smh
    5
  20225. I'm always so glad I watch your videos. That reverse mortgage con here in Arizona? Bet tons of elderly in Sun City are going to end up with a house once realtors realizes how many people are renters there. I'll be listening to the area news.
    5
  20226. Good info Michael, buying/selling is a very frustrating process for both buyers and sellers. Just having pre-approval letter doesn't mean the deal would get closed. I have seen deals falling apart two days before closing because the underwriting didn't approve the loan. So now you wasted more than a month and couldn't close. In real estate the market can fluctuate up or down in a month which could be a big problem and nightmare for the buyer and seller getting back on the market.
    5
  20227. Yes Liquid and Free... Yes I understand if I had settled in one location I could have had a home paid in full worth half a million. I would rather have wealth in my pocket and be mobile than locked into a state I dislike due perhaps to the urban sprawl, crazy neighbors, the changing times or the changing tax and insurance rates. My time is indeed more important. Nomad for Life Besides, You never really own it. The statist can kick you off the property if you do not pay the high extortion fees...
    5
  20228. I am 41, and regretting not making my move earlier
    5
  20229. I’m preparing for the worst..never have I seen this inflation.😎
    5
  20230. imo ... you NEVER touch the nest egg ....NEVER! If ya don't got it [cash]...you don't need it. Also NEVER do a "reverse" mortgage ... (even if some "celebrity" sez it's good) ...Just don't do it!
    5
  20231. In 2022 32% homes were purchased with all cash. So, high interest rate keeps away those other 68%. That's a huge decrease in competition. That in turn makes selling houses more difficult, and that keeps away the buy then sell flippers.
    5
  20232. That is crazy if somebody rents a place for $25,000 a month
    5
  20233. World wide crash!!😃
    5
  20234. We are Watching all of these non stop!
    5
  20235. Don't forget about INFLATION, plus we are approaching the holiday season. I don't think most folks are making moves until the end of Q1 2023, at the earliest.
    5
  20236. Beautiful scenery!
    5
  20237. Hi Michael great video. I am planning to start buying property in Florida to rent. Eventually l plan to move there and with my family. What places do you recommend to buy property as rentals but that also are good to live. I was looking into Sarasota. Thanks. I really like your channel
    5
  20238. Michael Bordenaro The bonus is moving from the cold winter in Rhode Island to St Pete! That’s how I found your channel. Lots of great info along the way 👍
    5
  20239. For real.. looking at houses and some house property taxes are cheaper than condos fee + taxes now! Like WTF!!! Looks like am gonna go back to my 1st choice! Love the condos and all but this is getting ridiculous!
    5
  20240. All those people who have those 2/1/2 % mortgages are not going anywhere. That is causing a shortage in available housing for many years to come. Car dealers, we all have a bad taste in our mouths from your huge markups over MSRP sticker days.
    5
  20241. Most underrated beach in FL
    5
  20242. Buying version would be cool .. great video tho 🤙🏾
    5
  20243. Thanks for the tip & info on the roof replacement & the cancellation on homeowner's insurance. Yes, it sounds like you ran into Red Tide in the air. I just moved from St. Petersburg over here to Southeast Florida & the Red Tide does cause problems for some people. For myself, after living in Los Angeles for so long, my lungs are very sensitive with environmental asthma due to LA Smog exposure & when Red Tide is in the air, I can really feel it & it makes me feel really sick.
    5
  20244. This was awesome!! Thanks Michael. I felt like I was walking right with you. Feeling the warm tropical breeze. I love your videos in South Beach! I never went to this area. I am usually on Collins. When you say South of 5th is your favorite—do you have a video of that? Thanks!
    5
  20245. Blackstone just limited or banned withdrawals from its REIT. If that's not a red flag I don't know what is...
    5
  20246. Rate hike stopped too early. That's the problem. It's like cutting medicine before the disease is cured.
    5
  20247. Great analysis thank you
    5
  20248. I hope those Remote Workers don't have Student Loans.
    5
  20249. Michael - it’s going to be interesting to see if demand increases in areas such as The Villages / Ocala, etc (people possibly not wanting to be too close to the coast now???)
    5
  20250. I feel like there's a major celebrity visiting my county! 😅🤪
    5
  20251. I don't understand what makes Miami so high in value when there are much better parts of florida that are like a quarter the price. 2 million + for a normal small home is insane
    5
  20252. The cheaper the area the higher the crimes.. especially Hartford
    5
  20253. Always look forward to your uploads👍
    5
  20254. I live in the Aventura/north Miami Beach area. 1 bed 1.5 bathrooms 1000sq feet and my electric bill is around 55 dollars per month
    5
  20255. Video I was waiting for!!!
    5
  20256. Have they torn down the wooden boardwalk where you are at yet? Cant wait for the "beachwalk" to get finished.
    5
  20257. Another excellent video mike, I need to get on this. More videos please and walking tours lol they’re my fav !
    5
  20258. Congrats on new all time highs today. BTC @33k! Looks like the charts are correct and we will be yachting this year😂👍
    5
  20259. Orlando is a FABULOUS place to live!
    5
  20260. I would have taken a ladder, along with a machete, to get some of those yummy coconuts! I probably would have brought home a doggie, too!
    5
  20261. I'm SO GLAD you said that about people being delusional about buying based on interest rate (meaning they will pay ANYTHING price wise) 🙄this is why cars and so many other things cost so much because we the consumer just submit smh.
    5
  20262. Surprisingly, you can still tan pretty well on those hazy days.
    5
  20263. 2:56 Michael, millennial here. I don't own a home and this has sealed it for me that I don't want one. Some cost certainly fall on renters, but over the course of my life I will pay less renting than owning a home and the major maintenance necessary. You will own nothing and be happy.
    5
  20264. prices on new msrps won't go down, they can discount, but overall prices are up and will stay that way
    5
  20265. I have to believe the economy is in a rotation. Yes lower interest are on the horizon but with fewer folks working the housing market will continue to decline in value. Housing is in a backwardation cycle.
    5
  20266. Moving to Florida you find out who your friends are. If they won’t come down then they’re jealous or never were your friends to begin with.
    5
  20267. Hi michael, try to talk more when music is playing at the background. Or better edit the scene with royalty free song. I'm worry your videos or even your channel will get taken down. Take care bro. 🙂
    5
  20268. First! Love this channel...🙂
    5
  20269. I fantasize about owning a beautiful older home like you did, but know that the maintenance would probably be prohibitive. Great video, Michael!
    5
  20270. That nothing burger $1.3m home is a joke. A bad one at that.
    5
  20271. Hi Margaret! I enjoyed seeing you on the video and I agree with what you have to say.
    5
  20272. They stretched it to June 5th now.
    5
  20273. My mom in laws lanlord offered her a 3 year lease to move into another home she owns. She is trying to lock in 36 months at $1200 because she knows the rental market is going down.
    5
  20274. I prefer California.
    5
  20275. Great content and very informative as always, thank you!
    5
  20276. 🤣🤣🤣😂😂…At this rate the bank will have a 100 year mortgage loan available.
    5
  20277. Congrats on the silver award, well deserved!
    5
  20278. 20% increase on the sandwich? Try 40%
    5
  20279. Even MORE humidity! lol
    5
  20280. Nothing makes you poorer than having a kid or two. they are super duper expensive. and i don't think that $300,000 includes college....ouch.
    5
  20281. If working does not bring me shelter and food, I really don't want to work. Animals don't need money why should we...
    5
  20282. who sells their home for a job? Just pick up something local?
    5
  20283. Ahhhhh, yes, the age-old question of “What if?” This is a subject I think about ALL OF THE TIME. I think of the same things too…”What if I had not taken all of those trips, but hunkered down and saved more?” “What if I had learned more about investing earlier on?” So many “What if’s?” Don’t beat yourself up over your choices, Michael. You are smart and doing well. The choices you made in the past were from your HEART. Going on past visits to see your family for two weeks at a time every Christmas was the RIGHT choice! Going with Lisi two years in a row to Brazil to meet and see her family was the RIGHT choice. Family and loved ones first! The rest will work out the way it is supposed to. You are doing all of these other things that are important to you NOW, and that is just fine. You are doing well on You Tube, too. We always enjoy seeing you and hearing what you have to say. You are right where you are supposed to be! Your Dad and Mom were so proud of you, when they spoke in your videos. That comes for a loving relationship that you have with them. That is because you took, and continue to take the time to nurture those relationships through good communication both over the phone, and in person! You are a good man, Michael!
    5
  20284. I’m patiently waiting in Ormond Beach 1000+ homes for sale but prices have remained very high
    5
  20285. 1
    5
  20286. Wow! This is sad & scary. But at least the residents made it out with their lives, if not their possessions. Definitely yes on the implosion!
    5
  20287. There is little loyalty from employers, either
    5
  20288. Like usual only people who don't need the help shoukd do this. Because you can bail your self out. Yikes!! Be careful
    5
  20289. How are the job opportunities in FL? I hear they’re tough so just wanna make sure.
    5
  20290. Hubby is a HVAC maintance will he find work?
    5
  20291. IMO, there was a too much demand. What I mean is, I have no doubt prices will drop if rates don't anytime soon, but I just don't see a repeat of an 08 drop. There is a limit on what people are willing to spend. I do not doubt we are above that limit now. I just don't see a big drop required to get people to jump back in the market. Especially when rent is still so high.
    5
  20292. They're right, subprime mortgages won't bring this market down but subprime demand will. Ultimately if there are no buyers it's lower the price or stay put.
    5
  20293. Good video! I'm only a few years from retirement now, but I moved from the northeast to Miami Beach in 1990 in my mid-20s and it was wonderful! Not unreasonable rent, less traffic and congestion. Had a good paying job. Good times! Layoffs and job changes took me elsewhere and throughout FL, and now trying to decide on my ultimate FL retirement destination. Four sort of regrets: 1. A couple of sub-optimal career moves and not climbing the corporate ladder. 2. Being slow to commit and letting a couple of love interests get away. 3. Giving up the guitar at age 19 and then again at 29 when I couldn't make any real progress. 4. Giving up my Spanish language studying after five years when I couldn't make much progress beyond basics.
    5
  20294. I will be using this for my meditation tonight. Thank you!!!!!
    5
  20295. The last real estate bubble that allowed sub prime lending, no down payment led to the high default rates. Foreclosures, short sales were horrible on many aspects of the economy. Smaller condo buildings suffered. Just saw on another video you mentioned you were from Belvidere, Illinois. Does that mean you went to magic waters?
    5
  20296. I am debating in between a condo in coral gables or a condo in aventura. Definately prefer a more family area...
    5
  20297. I agree. Just sit still and see what comes.
    5
  20298. Well, Michael, you have been doing some serious "soul searching" !.....I have found the most rewarding and meaningful things in life, just happen...they are not planned....we're kind of guided to them... I hope this helps ....Godspeed....
    5
  20299. Only been there once. We went the w/e (by accident) that they turned on all the Christmas Lights...beautiful.
    5
  20300. Rents going down in some states. Some still are holding up to the hype.
    5
  20301. That last statement hurt. Unfortunately, I can’t afford to buy just not in the area I want for now. I think be able to buy down the road but for now, I rent.
    5
  20302. The little building you are talking about was an Art Deco apartment complex design by L. Murry Dixion who was a famous architect from Florida and he designed many Art Deco buildings and apartment buildings in the Art Deco district of South Beach on Miami Beach and it was built in the 1930s. The Deauville hotel that will sadly be demolished in the coming weeks was built in 1956 by Mr. Grossman that replaced the McFadden Deauville that was built in 1925 and had the largest saltwater pool in the country at that time and had aquatic events and swim meet competitions. The current Deauville was the sight of the 1964 concert of the Beatles and it aired on the Ed Sullivan show on CBS and the fad four stayed their will on vacation in Florida. They need to rebuilt it has it was since the hotel is in a designated historic district of the city of Miami Beach.
    5
  20303. I love this video 😍 Your camera is showing April 14th instead of 16th.
    5
  20304. Enjoy your car while you can...... they're coming for our hobbies.
    5
  20305. Love your channel. Loving the neighborhood walks. We are watching and waiting for the "right time" to make our decision to purchase. We are considering a house or a condo, and walk about videos in neighborhoods or condo complexes are a huge bonus for us since we live out of state. We have seen many cities in Florida with my husband's career as a musician, but are still searching for the right place for us.
    5
  20306. The beach looks very peaceful and relaxing but wow! Those prices! 😱 I never knew Florida had a beach towns with those price points. Great footage here Michael!
    5
  20307. Who could afford to Travel only the Rich
    5
  20308. The cost to buy a plot of land, knock down an existing house and build, labor, inputs, materials to build, taxes have also gone up sky high!
    5
  20309. That is also my impression of India. I was very aware of the limitations I was faced with while visiting and was able to get a hotel room on the first floor... helped some of my building concerns slightly.
    5
  20310. I'm an older person learning from your videos 🙂
    5
  20311. My Local food banks and county, are having budget shortfalls, like you said, how bad is it going to be, this time "
    5
  20312. One of the main reasons people are headed to SW Florida is that inventory is so low on the East Coast. Northerners are having to go elsewhere to find property. With the flood of migrants, the market down there is really screwed up, again. Unfortunately, I’m going to have to wait it out.
    5
  20313. I have ads on my Facebook feed with real estate agents that have these 3-10 PARAGRAPHs doing chart gymnastics to explain why rates won't go up. Dude lol it screams desperate. I haven't seen that until about 3 weeks ago
    5
  20314. Wow it is beautiful! It is so quiet you can hear your flip-flops crunching in the desert sand! I think I would be afraid when the sun goes down it must get pitch black there!
    5
  20315. 4:06 you get used to it after a while
    5
  20316. My husband almost stopped wearing his Barclay sunglasses after your last 2 episodes. He is happy you rocked em again.
    5
  20317. cash for the garage sale hustle. Especially since all those money mover apps want to give you a 1099 at the end of the year.
    5
  20318. Thank you, Mike. Have been waiting for your daily update.
    5
  20319. electric bill check stolen out of mail box (tampa fl) was turned into 2 checks for $750 each and cashed in N.Carolina, protect your checks !!
    5
  20320. Congratulations... Parabéns...
    5
  20321. We originally had planned to buy long term rentals in Florida but are now considering Augusta GA due to the insurance mess. I don’t know how any landlords are cash flowing their properties if they have a mortgage between property tax and insurance.
    5
  20322. Real Information is Helpfull and Right Advice.
    5
  20323. I read an article about thief in a Home Depot, the person would select a door and then go to the store returns and attempt to return the door requesting a refund, not having a purchase paper documentation he was able to exit the store with the brand-new door. He kept doing it until the police followed him home and found around twenty doors in his garage.
    5
  20324. Richmond is not the best place overall but this marina is nice
    5
  20325. When the tide goes out you will see who was swimming naked..
    5
  20326. How do I move to Florida without a job or place to live? Jobs wont hire u unless u can provide an home address and apartments wont rent to you u less you can provide proof of work .THIS IS MY NUMBER 1 PROBLEM.
    5
  20327. check the emails 100% is a small difference, also never close a deal via email. Make sure you go to their office or call them before to make sure it is from them/ safety. safety safety,
    5
  20328. I was looking at a condo in Palm Coast right on the beach for 279,000!!! (Ocean Crest Drive) Kind of small but looks brand new, one bedroom one bath… I would definitely take that but wouldn’t buy a house there until it builds up into an actual city lol
    5
  20329. Michael you are authentic and it comes through! You are down to earth and I love hearing your feedback.
    5
  20330. Love your channel! Thank you for sharing your experience and information/research. Looking forward to seeing more
    5
  20331. So the inventory is so low because a bunch of people that can't afford a house bought one anyways. Actually makes sense. Listened to a very upset 23y old girl complaining that she didn't get a loan to buy a 3br on a canal . ( sw Florida) Makes 3k per month and wanted to make it work with 1 of her friends renting a room. Best part , she had 5k saved up. The scary part is that she will fins a way to make it happen.
    5
  20332. Car insurance ain’t nothing. 5 years ago. My aircraft was only 1200 bucks a a year. Today. Its 5 k a year !! I got 2. .. I love getting high but toys have to go away !!
    5
  20333. I mean I'm curious to know are these people working and just not paying rent and using the pandemic as an excuse.. I mean it's pretty sad if these renters can keep using that excuse but in the meantime they're out working full-time and saving their money that's not fair to the landlord.. with everything that happened with the pandemic and not paying rent I decided that I'll probably never rent my house out..
    5
  20334. I'm in San Antonio. Few weeks ago, it seems the streets are dead, people don't buy anything or buy much less. Now, stock market started to tank but people are out every where all the time and buying like it's free. Are there stimulus checks or some free money given out? Can you tell me what happened?
    5
  20335. Very accurate and candid analysis. I sold a home in 2004, thereafter, the value dropped during the real estate bubble. Then it remained at my selling price for 16 years! .....despite many upgrades. This is anything but a stable economy. The true rate of inflation is ~ 24-30% because they are not factoring in the cost of housing. Thank you for your integrity and wisdom.
    5
  20336. Lived in Winter Park, Florida, hated it!! I’ll stay north! Thanks 😊
    5
  20337. watched this for the second time. Mike Bordenaro gets me. Don't cry James! Don't cry..... I mean I too would like to make youtube videos. With Christ as the only true exception, I feel I have nothing to truly offer others. I'd want to present Christ not as a means to restrict people from being themselves but quite the opposite: Rather it's about accepting our brokenness mending the idea of liberation toward a fullness only He alone can do. And this with a sense of community. And I don't mean Watchtower or Joseph Smith either. constantly asking for wisdom to move forward with this when all I know is the external circumstances tend to have a way of becoming the daily veil, dimming the finish line that I seek in Florida. I don't wanna have to be in my final years of life when this happens. Wealthy Beach Bum problems - sign me up! But yea.....recognizing the opportunities born form obstacles...... I'd rather be discussing the next property deal than reporting to work....much like yourself Mike in a former life. Just wanted to take time to say I really appreciate your sense of intuition toward the content you produce. Thank you sincerely.
    5
  20338. I miss the good strong Republic we had before the hippie era... Don't get me wrong I love Janice Joplin.... And by the way she was a Republican
    5
  20339. We spent last November RV camping in the panhandle and the Peninsula as far south as New Smyrna. Cold and rainy, including dodging Hurricane/tropical storm Nicole. November is often monsoon month in FL.
    5
  20340. Move to the Carolinas it's dirt cheap.
    5
  20341. Congratulations !!!! Real Estate Warrior ❤❤❤
    5
  20342. That's awesome, they are one of the big reasons that here in Vegas there is high home prices and rents if you Zillow for homes look at the rental companies it's either the wall street vampires investment companies or it's a Chinese company. They shouldn't be buying here because of the Air Force Base.
    5
  20343. Hi James, you have a genius son and you must be so proud of him!😊
    5
  20344. Good stuff. Keep getting the message out.
    5
  20345. 👍👍👍👍👍👍👍👍👍👍 11:24 👍👍👍👍👍👍👍👍 Thank you for another great video. You always have great content.
    5
  20346. Consequences of an overinflated dying currency.
    5
  20347.  @MichaelBordenaro  ......indeed. It is the capital of South America and now has the third tallest skyline in USA after NYC and Chicago. Over 300 highrises with over 80 taller than 400 feet. My husband and I used to manage some of them. South American flight capital really woke up Miami from its sleepy southern town beginnings. Back then it was called My-am-muh. Despite the hassles, we do not regret leaving the frozen north in 1990 and finding a good life in Florida. From two grand pianos in the living room to living in a trailer near the beach, it has all been worth it.....living in this amazing (and bizarre) place called Florida.
    5
  20348. Thanks Michael and Mitch. You guys are doing gods work
    5
  20349. Everything at Costco food related is basically $15+
    5
  20350. Michael thanks for the info it’s very helpful,My wife and are planning to move in the vero beach area(3 to 5 years from now) should I buy a property now and rented it out or wait to purchase when Ready to move thank you Michael.
    5
  20351. Looked like a young Elvis and Priscilla in the thumbnail..."Don't worry honeh...we'll make it somehow!"
    5
  20352. I always enjoy your videos. You can understand what you are saying in an interesting way. I think you have lots of knowledge but you are not rude about it.
    5
  20353. LOVE that you had Travis on today, listen to both of you every day. Great advise, thank you!!!
    5
  20354. If you can't scratch up 5% at a bare minimum to buy your home, you're just not ready.
    5
  20355. That first buyer's story was quite familiar in some ways. My husband and I bought our midwest house in the year 2000. It's old (built in 1920) and is a story-and-a-half craftsman type with an unfinished basement which does not have a lot of head room. When we bought it, we did know that the front porch was sagging. What we didn't know was that the so called inspector was lazy or incompetent. He didn't even check the electric wiring; hubby found out the hard way that turning off the right breaker in the basement didn't stop the current; someone had used the conduit as ground! So when hubby disconnected the conduit, 4 other breakers were using it as a return path. I heard the arc from upstairs and came running to find him cursing and holding a half a melted screwdriver. So lucky he didn't get zapped. There were so many things little and big that needed attention. We tore off and replaced the sagging front porch with its broken windows, first. Bigger porch with a heater and lots of (dual paned) windows. Then we had to address some of the basement issues, adding a storage area and getting a new HVAC system. Then replaced the siding and other windows on rest of house. Lived with other issues over the years while we accumulated funds. Several years ago we decided to renovate the living room and downstairs bedroom. Every time we did something, old poor quality work (decades old) would come to light. At some time, someone had had that insulation blown into the walls by drilling holes from the outside. It settled like cereal in a box and left HUGE gaps in the walls between each stud. The interior walls were lath and plaster, so we had no choice but to remove all that (backbreaking work; lucky we have a utility trailer) and put up fiberglass insulation batts. Had to have the roof reshingled and new gutters. Then our big humongous ash tree started getting sickly (ash borer) and we had to have that removed. Then the deck (there when we moved in) began rotting and we had to remove it and have a new one put on. Spendy! Currently dealing with downstairs bathroom, have it stripped and trying to come up with ways to replace all the rotten flooring. Slow process dealing with all the poor/shoddy previous work. TL;DR Dealing still with crappy old renovations 20+ years into owning an old house.
    5
  20356. Thank you for the video Michael. 👌🏿🔥🔥❤️👍🏿
    5
  20357. Great advice, thank you
    5
  20358. Prediction: more money will be printed. Either that or sit back and watch things REALLY spin out of control.
    5
  20359. In Connecticut the state/union pensions are gauranteed to get 5% yearly returns and if they don't, guess what, the tax pay has to pay for it still because its contractual! I bet even if they made 10-12% for each of the previous 3 years and out performed and the next year they made 0% gains, we prob still got to pay! These contracts aren't permeant though but they always seem to get extended in exchange for union thugs campaigning and voting for the democrats!
    5
  20360. Travis forgot to wear his tank top.
    5
  20361. The World is splitting into two camps of people: those who, like Michael, can appreciate the beauty and importance of Nature; and those who want to live in a virtual reality. The latter group will, at some point, allow themselves to become cyborgs. That is just fine with the WEF, as that is their goal.
    5
  20362. what shock's me is, these peoples minds, thought they were gonna live in front of there device screen and never leave home for a real job !!!!! ha ha ha, boy what that internet cant do the brain. LETS SELL OUR VEHICLES TO !!!! UBER AND LYFT COST MORE THAN GAS !!! and there gonna go bankrupt soon enough. TAXI, TAXI.
    5
  20363. l look forward to every one of your videos. I've been noticing you're only posting like every other day now for weeks. Is this true or am l missing something? Love your channel so much..Thanks
    5
  20364. Very Cool.
    5
  20365. It's the only area of the country that I get sad leaving. Great video.
    5
  20366. Landlords have always gotten screwed even here in canada
    5
  20367. Clearwater’s Pier 60 Sunset Celebration is still strong and just started back up after closing down for Covid 19. Lots of buskers , entertainers, artists, and an outdoor movie theater. Lots of fun for everyone.
    5
  20368. So many kids are trying to become financially independent from their parents at 18 even at 25! It's such an important topic of discussion and very helpful! Good commerical for Citi bank. Didn't know much about the cash back thing. Thanks for sharing!!
    5
  20369. What caused the power issue?
    5
  20370. You said it very well “everyone is trying to catch the last train out of town”
    5
  20371. Thoughts on the CRE Market? Like multifamily and things of that nature.
    5
  20372. Cali definitely has some beautiful scenery. I'm looking forward to the next destination and the beach comparison!
    5
  20373. It’s the dream of so many to live at the beach, but climate change and growing population combined with the fact that they aren’t making new land means it’s becoming extremely expensive to find that slice of paradise. Not just in the cost of real estate but also the cost of insurance and maintenance against the ravages of salt air and water. When I lived in Boca Raton, on the mainland side of the intracoastal in a condo right on the intracoastal and side canals, I came to a valuable realization. And that is, it’s maybe better to live near the beaches (plural) than to spend a lot more and live right on a beach (singular). And the reason is that you pay a huge premium to be on the beach and…. It’s only one beach. In Florida, as anywhere, there’s a lot of variety in the character and vibe of the many beaches. Where I lived it was 1 mile to the Spanish River bridge, and once I pedaled across that I could go north or south to a number of different beaches. Some more natural and secluded (Ocean Ridge to the north), some with cool beach restaurant and bar vibes (Deerfield beach to the south or Delray to the north), some with volleyball and surfers and kite surfers, some with long fishing piers. If you spend all your gold to be on one beach you might become bored with that beach, and too house poor that you can no longer afford to travel to other beaches or vacation destinations. And then there’s the risk that your chosen beach changes over the years to something less than it was when you first arrived (as Michael is seeing in this video). Nope, better to live back a bit, for less money, so that you’ll be forced to get out and explore, and you’ll have remaining discretionary spending budget to do so.
    5
  20374. Im a Crescent beach gal, beautiful and close enough to St. Augustine to enjoy. Theres no cure for aging and I agree w/previous poster, Age is relative.
    5
  20375. It's not expansive.. I just found a two bedroom 2 bath apartment in vero beach for $813..its not on the beach...10 minute drive to the beach...
    5
  20376. We moved fro MA where very well established (partner in a company, home in the city and a home at the beach, son in college) when wife was offered a transfer in Tampa. We were in our mid 40s. Great move!!!! I just do not understand why sooo many people think they are trees.
    5
  20377. Hey. I just heard you say you lived in Illinois. Im in Chicago and really wanna moved to Florida. Is there really a huge cost of living difference between the two places? We both know Illinois can be very expensive. I dont have to live in the BEST area in Florida but i dont wanna live it the WORST part either. Just like in Chicago. Any advice? Thanks in advance. Great video btw
    5
  20378. Thank you for keeping us informed!
    5
  20379. I've been to Clearwater Beach, and I agree it's a very cool place, gorgeous beaches and family atmosphere. My only concern is the fact it also has a big Scientologist Building and I've read many comments from locals who are saying this is connected to criminal activities. Do your research on Scientology; it's not what you think. Just a head's up. I'm interested in Fort Myers. Was hoping you had been there and reviewed it. If anyone reads this and lives in Fort Myers or has been there, please comment. I lived in Tallahassee back in the '80's. Couldn't stand the humidity and the bugs. It was more inland. I've also been to Destin, loved it except the traffic was insane and one road to get to restaurants took forever. Also been to St. Pete and Tampa. Both were OK. Nothing special in my eyes. My husband and I are considering moving to FL once are two boys, both 18, get out of our home and established. Definitely want to be closer to the beach where we can get a constant breeze to at least reduce that insane humidity.
    5
  20380. I have been walking dogs for over 8 years, sometimes I am out there at midnight. Never had any issue.🙏😄
    5
  20381. Wife? I didn’t know you two were married…
    5
  20382. Nice job! Thank you for sharing your knowledge...
    5
  20383. My wife and I have a net of of 11-12K and will be buying with my VA. This will be our 5th home in 7 years and I’m just not ready to swallow that payment.
    5
  20384. Yes I live in Nashville and can’t afford a house in my own hometown. I’d have to move over an hour away.
    5
  20385. Living in switzerland, so that most of the year here it is cold and nobody sees your body makes that most people are not in shape and i totally understand what you are telling when you can see/show your body that makes you to stay healthy😁
    5
  20386. 11:53. When the lawyer says "housing crisis," she means the government immigration crisis, which causes the housing problem..
    5
  20387. 0% rates wont ever happen again. this is going to end badly, as usual
    5
  20388. This is a good video because it shows people who do not live in Florida how it looks. Virtual tour 👍
    5
  20389. I didn't like your comments. A good place to live. You are close to the major attractions and then come home. St. Augustine is crowded and i would not live there. Thanks for the nice comments at the close of your video
    5
  20390. Florida has many beautiful places to visit almost every city has places that are very unique and here there are beaches that you can drive in your car. New Smyrna Beach, St. Augustine, Amelia Island, Grayton Beach, and Huguenot Memorial Park (Jacksonville), Fl.
    5
  20391. Looked forward to hearing a voice of reason out of Florida today. 😊
    5
  20392. I've made millions in commercial development. My best skillset is money management. The issue is most people have not saved or invested first. That's the key to financial success and most won't do it. 💯
    5
  20393. Great video! I knew you were into heavy stuff with that Mesa! And I also have a Peavey bandit 112, but it's a bit older with the teal stripes. But I haven't used it in a long time because a couple of the pots are bad. But I can't get rid of it because it sounds so good. I'll fix it some day. Sweet guitars you have there too! I have been thinking of putting an EMG set into my Dean ML. What set do you have? Is it an 85 in the bridge? Sounds killer, solid playing at the intro! Can't believe you play a Rectifier half stack in an apartment, that is gangster! Riff on brother!!
    5
  20394. Hoping to see if you make it down from Sarasota down to Naples
    5
  20395. eye opener !!!
    5
  20396. Buying on the coasts-too much water or the Southwest-too little water, you're going to have expensive choices.
    5
  20397. As with any promo, a group of diners will order other menu items—not just the special offer
    5
  20398. I use to live in Boynton Beach... very nice area, I still have family there 😊
    5
  20399. Boomers are retiring in droves over the next decade. They definitely will have to sell their houses once their savings run out. 75 million boomers will have retired by 2030. If they don’t want to go back to work they will need to sell their houses so they can afford the cost of living.
    5
  20400. one thing to ad mike, the building has to be 3 stories or more for this to apply. So for all 2 story buildings you're grandfathered in on the HOA reserves.
    5
  20401. As a former P.O. it is very uncommon for a criminal to be sentenced to jail/ prison for a first offence, or, second, or third. There are many diversion programs. Many have records as long as my arm. PS my Florida yard is frozen.
    5
  20402. I've been exploring the possibility of doing HVAC work down there. With no formal education at this time, what would you say my chances are of getting an apprenticeship?
    5
  20403. Hi Michael, love the channel! I live just outside Cleveland Ohio. I've been looking to buy the past 2 years. I've saved 40k and been massaging my credit score. I'm currently waiting until prices to come down. I pulled back on wasteful spending...bars, restaurants and or entertainment.
    5
  20404. Soooo helpful!!
    5
  20405. Most of the home for sell in my area are from flipping they bought in2022 @650k now listing for only$1.3 million dollars
    5
  20406. I want value to go down so i pay less in taxes
    5
  20407. This is the only channel that I listen to concerning housing. I have unsubscribed to all other channels concerning housing.
    5
  20408. Your hair looks great this video.
    5
  20409. I don't understand why inflation is so bad Michael. Gonna have to wipe my tears with a LV handkerchief
    5
  20410. I appreciate your candor, and enjoy your channel. Even though I own properties in Costa Rica and Panama. I am reevaluating the risk/reward, if I still want to buy a vacation/residential property in Naples, Florida.
    5
  20411. And I wonder why beautiful female agents dominate the Realtor field. I better be careful...😁🙄
    5
  20412. Lending standards are not better in any way right now it will be seen in the next few years
    5
  20413. Leaving in 15 days ! Duval county here I come .
    5
  20414. I love this neighborhood that you are walking through! Just beautiful! Glad you got such a great deal, Michael!
    5
  20415. Another hit. You are right on about Tallahassee looking like DC, my home town, with those leafy trees that look like oak trees. Never thought there was that kind of shade in Florida, the sunshine state! Nice place for R&R and taking in the quiet vibes and history. We are doomed to repeat the same mistakes when we don't know history. You connect with nature always on your walks in Miami. I appreciate your narration of what you see. I will see this town thanks to you, some day. I love history of each place I visit. Some of the best places are not the huge tourist attractions. That was way cool for what it was. A nice contrast to what we think Florida is, all vibrant, crowded, noisy, and palm trees. Variety and differences really can spice things up.
    5
  20416. Nope you're doing fine just as you are don't change the way you present yourself or your channel The truth is the only way to go you know that old saying if you don't want the answer don't ask the question
    5
  20417. Happy Birthday Michael, enjoy your special day and have fun next week in Venice...looking forward to seeing some video.
    5
  20418. Great walking tour video Michael! I knew you would do this after the Surfside one! Looked like a beautiful day for walking in Bal Harbour! 😎🌞👏🏾
    5
  20419. As usual, great video, keep it up bro and you’ll have 1M subs in your future!
    5
  20420. Yes, I think the government should put a full stop in foreign investment in fact I think we should do a letter to them. Get your subscription folks to sign a petition, please
    5
  20421. Im in Texas. I bought 5 acres next door to my house for $1,120 in a tax foreclosure. Multiple notices are sent to the parties who owe the taxes. It took over a year to go through the full process and the sheriff had a literal sale on the courthouse steps. I bid on it and was the only bidder. So, it isn’t a “come snatch your stuff in the middle of the night”. Also, the owners can have up to two years to remedy the back taxes if it is a homestead or 6 months if it isn’t. I’m sure states differ, but here in Texas it’s a process that is usually pretty fair to the property owner with many opportunities to settle before the sale.
    5
  20422. $2200./ year property insurance here on the Beautiful NC coast! ( 3 min. From the beach)
    5
  20423. About the "reverse mortgage" - you are close - but no cigar. You do not have to go to the closing table with money UNLESS you owe more than the approved loan amount. Max amount is just over ONE MILLION DOLLARS. IF the borrower can not pay for their taxes and homeowners insurance then there is a LESA. (Life Expectancy Set Aside). PLUS - the US Federal Government's "reverse mortgage" starts when the youngest borrower is 62 - BUT - there are reverse mortgages for people as young as 55. There is much more that was changed in 2017 and am not going to attempt to share any more. YES, you can get a reverse mortgage when you live in an approved condo. BTW - your monies that you do NOT take grows at the same rate as the interest rate. YES, you can pay it off - NO -- you do not have to take any monies - PLUS remember this is a NON RECOURSE LOAN -- want to know more with no obligation? See if you can find me- I am licensed -- y hablo su idioma tambien.
    5
  20424. HOW DO YOU KNOW WHEN A REALTOR IS LYING...? THEIR LIPS MOVE...
    5
  20425. "Life is what happens to you when you are busy making other plans" (Beautiful Boy - John Lennon) - Great reference and great video :D
    5
  20426. That’s per person in your house Husband and wife needs to make over a 100k each !!
    5
  20427. I cant wait for the road trip!
    5
  20428. Thanks for the shout out! I’m moving in a couple weeks!
    5
  20429. It MAKES YOU WONDER IF ITS EVEN WORTH IT. TO LIVE IN A HIGH RISE OR NOT.
    5
  20430. I JUST CANT DO BABY FACE MICHEAL 😂😂😂😂😂😂
    5
  20431. I have a full time job in the trades and looking for a second.
    5
  20432. Evictions in apartments are happe ing. I knew people who got kicked out last week. So thats a start. No more extensions or forgiveness ro those that dontpay their bills.
    5
  20433. Although people are unemployed, they’re receiving an additional $2,400 per month on top of their unemployment benefits. Then with the interest rates being so low. The housing market will continue doing well, until the government stops the stimulus benefits/evictions. I think we will see the housing market drop significantly starting the summer of 2021
    5
  20434. My daughter bought a house in NC IN Raleigh, no problems there. I bought one in South Carolina and there are problems. Nothing terrible and everytime I called the builder to come and fix things they would do a mediocre job so being handy I fixed everything myself. When you buy a brand new production house, doesn't mean you can't start maintaining it from day one as long as the structure is good. People near me have no idea on how to maintain a home and they will be in for a rude awakening. I do everything in my house, I have worked on houses for 40 years. Your other option is buy a used house but again you have to maintain it or suffer the consequences. The materials used in production houses are not the best so if for instance, your roof, may last 15 years but you have to inspect it regularly and fix things as noted. I want to sell next year and build.
    5
  20435. Put in turnstiles so they can’t cart away the haul of stolen product
    5
  20436. 8:29 💔🥀🙏🥀💔
    5
  20437. Thanks Michael !! You always bring us valuable information !! I wonder what happened to all the excuses people used to make not to move to Florida !! Such as ; it’s too hot , too many hurricanes ! Mosquitoes , floods and so on !!!I lived in different parts of Florida including Tampa and Miami, I couldn’t get any one to move here they all had these excuses !!! I think this is all by design ! Big asset companies are now into Realstate not so much into stock market ! Pumping cash into the housing and rental markets !! 😼
    5
  20438. And throw in "special assessments" w/ condos to boot.
    5
  20439. Hope to see more on YouTube. I dont go on instagram and never will
    5
  20440. I never liked the whole crazy spring break scene. I like the idea of going to enjoy a warm, beautiful beach for Spring break, but it needs to be mellow, too!
    5
  20441. This is nuts. 5 yrs ago I bought a brand new manufactured 1525 sqft for 100k. Moved it on 6 acres 24k. I pay $740 a month now for mortgage. I have my own well, and solar. In Az.
    5
  20442. I think it is even worse situation with the EVs especially if you look at the existing ancient power grid infrastructure. In CA, the existing power grid is so old and outdated that every time there is heat wave that hits the state, entire city blocks go without power. This is common occurrence every year as even Edison publishes which zip codes will go through the power off rotation lottery system. We are told to conserve energy, use as little power in peak hours, yet CA is promoting EVs which gobble several kwh each on charger. For now, only ~ 3% of all cars in CA are EVs. By 2035, all cars sold supposed to be EVs. A disaster in making.
    5
  20443. Next please do a video on how the government scams us? Everything is a goddamn scam. Me paying taxes is a scam when SS supposedly running out??? HOW IS THAT SOOOO??? Scam!! Insurance is a scam… look what happened to Florida home owners insurance they all bailed dropping policies closing up shops right before hurricane season so they’re not bothered with claims payouts? SCAM!
    5
  20444. That hurricane stuff has to get really old.
    5
  20445. How would You Compare clearwater beach vs west palm beach?
    5
  20446. You are walking in Haulover park , head over to Kelly Fishing deep sea and where the Pelicans hang out! I like the bankruptcy story! lol 😝
    5
  20447. what do you think will happen to the surfside lot?
    5
  20448. Have you factored in the big baby-boom generation die-off which is coming? The oldest baby boomers are now 77 (1946 births). They started to retire in numbers in 2008 (age 62), but retired in much larger numbers at age 65 (from 2011). They came to FL and bought houses. Now they are "leaving" us, and will do so in ever increasing numbers. Their children/inheritors cannot carry the house's monthly expense - which mom or pa paid from his or her monthly income - for about generally 8 years and possibly many more unless they are really well off. In addition, they want that money pronto, to buy "stuff" and luxuries. Those inaccessible hundreds of thousands sitting in the house drive them bonkers... So they sell... It's coming, and it IS a factor also.
    5
  20449. 1st Happy Friday Michael, Thank You!
    5
  20450. Great honest video. Thanks for caring about all of us. I am so looking forward to details about the 2 week trip. I like how all black sheeps end up in paradise. Winning!
    5
  20451. Man, I wish I had discovered your channel before now. That one for $200k right on the beach would have been awesome.
    5
  20452. But the realtors will tell you “ supply and demand the home prices will never come down”
    5
  20453. I will definitely be sticking to your channel in 2023. I’m learning so much. Thank you!
    5
  20454. so where do we live? is there any place to go besides Mars?
    5
  20455. When there is a hurricane coming.....get the gas and water! Lol just like here in the northeast get the milk and bread
    5
  20456. The feel remorseful when I think of all the real estate that I didn’t buy when I shoulda, coulda buy but didn’t for stupid reasons.
    5
  20457. Awesome video Michael ! I agree with you 100 Percent !
    5
  20458. Shoplifting is at catastrophic levels.
    5
  20459. Fake rich ... this is a new low for realtors association. As a realtor in Missouri I see this as another act of desperation . Our association says this market won't crash because the conditions aren't the same as 2008 because we didn't have a sub-prime mortgage program as they had in 2008
    5
  20460. Very depressing, along with everything else my head is spinning
    5
  20461. To bad about the student loan situation, don't borrow money if you don't plan to pay it back......I paid off different loans throughout my life with no government help
    5
  20462. Thank you for your tour. Giving us a nice warm day.
    5
  20463. I ride a pink unicorn sprinkled with magic fairy dust to work every day, too! 😀
    5
  20464. Most areas of Florida , especially along the Coasts . Are extremely expensive with 1st Time Home Buyers already completely priced out . Now Home Owners Insurance is going through the roof in cost if you can even obtain it ? The Fed has completely distorted the Housing Market with it's Historically Low Interest Rates . And i don't believe raising rates at this point will do anything but make Homes even more expensive and out of reach for most people .
    5
  20465. So, in other words, anyone from California should stay there. You people ruined that state so don’t keep infesting other states like say Austin, TX. Damn sure don’t come to Florida. This reminds me of the Costa Rica video.
    5
  20466. Michael, thank you for these informative videos. Also, love the scenic walks!! Coming from someone who moved out of Florida, definitely miss the tropical green vibes. Thanks!!
    5
  20467. ...and others are just choosing not to list at all and wait until the market tilts back in their favor. But housing is not the stock market...once peak FOMO is reached, there's no going back to those crazy days for many years. They'll regret not listing right now. Wait six more months and you'll see them budge on pricing.
    5
  20468. Good God, you look good!
    5
  20469. I want to see more crazy Miami traffic videos. I am watching this and spinning music in a radio station at the same time. LMAO!😆😆😆😆
    5
  20470. At least electric leaf blowers don’t stink😂
    5
  20471. Great videos
    5
  20472. I started watching you about a 1.5y ago and I’ve been saving for a house in Florida ever since and have over doubled my money I 100percent agree with you and am following your advice I very much appreciate you ❤when the crash happens I’ll be ready
    5
  20473. It started with legalized dope and liberal views. A man must work in society, we are not meant to be lazy dope smokers! Are you heading to Flagstaff or Prescott?! Timmy C Arizona
    5
  20474. With interest rates at 7% and climbing, this is NOT the time to buy a home, especially in any kind of HOA, where it's "PITI+HOA," which, after crunching the numbers, in many areas make it more feasible to rent.
    5
  20475. This is a great idea I'm curious on Orlando
    5
  20476. I live in Broward. My rule of thumb is for every $50 k of value of the property its $1 k in taxes. So a $500,000.00 house would be $10,000, ($9k with homestead), Insurance used to be about $1 k for every $100,000. The guy who got a $5.2 k quote for a 750,000.00 property got a low quote for insurance. Now when I moved to Florida back in 1996 I bought a 1,800 sq foot home for $138 k, I paid $750 to $800 a year in insurance and about 2.1 k in taxes, that house is probably going for about $450 k + right now so the insurance would be at least $ 4 k, and the taxes would be $ 8 k if you were to buy it now. Wait till you see the assessments on the condos along the beach with the new regulations that came out for maintenance after the surfside disaster, also their monthly fees will go up significantly because they have to have mandatory reserves of capital for Maintenace. Boards can no longer wave this fund with a majority of homeowner approving the waiver. If you look at the surfside disaster, the board and residents knew for years that they needed major repairs and kept voting not to do them, that is no longer allowed anymore.
    5
  20477. Tons of people went bankrupt in 2007/8/9 in Miami. I used to live there then
    5
  20478. That park looks so beautiful!
    5
  20479. When does the Fed start rolling back interest rates?
    5
  20480. Motivated sellers are often in distress, because of a personal set of circumstances that they created for themselves. They are trying to dispose of their property because of one or more of the dreaded "D" words: 1. Death (in family). 2. Debt relief (insufficient income to service debt). 3. Delinquency (taxes). 4. Detainment (in jail or prison). 5. Discharged (job loss). 6. Disease (failing health). 7. Disillusioned landlord. 8. Dislocation (must move for a new job). 9. Distressed property (needs fix-up). 10. Divorce. Ask your broker to determine the average DOM ("Days on Market") and then to look for MLS listings that are (or were) listed for longer than that timeframe. These are "problem" properties that are taking too long to sell.
    5
  20481. I am ready Michael! Keep sing the truth! Love your truth & transparency! Love you to be my realtor in Cali, haha! Your awesome!
    5
  20482. Great video. You nailed everything about living in Florida so well!!! Spot on! I would only add: 1) that the infrastructure in South Florida is terrible and unreliable. There are way too many sewer line breakages where neighborhoods get flooded with raw sewage, and it flows into the canals and water ways. Nasty. Also, they still pump partially treated sewage directly into the ocean in a couple spots near Fort Lauderdale. Just gross. There are some vids on YT of divers showing it. Nasty. 2) Constant power outages. Although FPL is pretty good at getting the power back on.
    5
  20483. My sister moved to florida 20 years ago, Only to move back to NY, Now living in NJ because they didn't pay her enough in Florida. People forget you don't get paid as much there, And that's why everything is Cheaper and less expensive. I truly never understood though why NJ is as expensive as NY..When there's not much to do there really? Lol
    5
  20484. 3rd from Munich
    5
  20485. Ohio? NO WAY! There has to be a point where the market will change. Thanks Michael. Your videos are so helpful and insightful.
    5
  20486. Oh no!! Sad! Prayers for rescues! ♥️ 👨‍🚒
    5
  20487. Is that a jail you live across the street from? (The Blue Wall). Even the A/C was in a "cage". Life must be rough there. Stay Safe. Cheers.
    5
  20488. The numbers look good no denying that but it takes time for a downturn to take effect. We see it in our everyday life but the real issue will be when something breaks. Nobody can say what will do it but it is clear to me that we are not producing much or creating value for consumers lives. I am surprised that the new builds are not updated for climate, more energy efficient, nor sustainable in a time where they are expecting top dollar. If the fed blinks we are done. There is no more road to kick the can. Our debt is crushing and the 1% is taking as much profit as they can right now. After a crash the oligarchs will move to there islands and fortified mansions in other countries.
    5
  20489. Have have about 8 shares of ARKK that has lost almost 80% of its value in the past 2 years. Cathie Wood shouldn't be consulted as an 'expert' on anything.
    5
  20490. Hey Michael, once in a while it would be fine to sit on your balcony for a video if it rains. It's better than getting kicked out of a parking lot.
    5
  20491. We need to get together and jam. When I move down to Stuart, we’ll have to get together. Good words of wisdom there.
    5
  20492. Ultimately it is the sellers choice. You cannot tell a seller who they can and cannot sell their property to per fair housing. If the better deal is the cash deal for reasons OUTSIDE of price ie quicker close, property condition (unable to qualify for a loan), or time constraints, why should THE GOVERNMENT favor the buyer in those situations and cause the seller to miss out on the opportunity thats best for them? The SELLERS choose to sell to investors because its better for them. AMERICAN sellers. You cannot fix the issue without doing AMERICAN sellers a disservice. Thats what capitalism is. If you want to deter the investor, give out of state occupants a steeper tax on vacation/ rental/ investment properties. Slippery slope when you start infringing on anyones rights, whats next, where is the line drawn?
    5
  20493. No doubt, Florida is a beautiful place to live. My mom grew up there and most of my relatives ( on my mom's side ) live there. She moved down to Florida after my father died. While she lived down there, I tried to make a go of it. It all went down the drain for me because of the extra-large ARACHNIDS! and the other bugs like large flying roaches. To me, its like 'The Land Of The Lost" Anyway, thanks for sharing.
    5
  20494. I think it would be awesome to hear Lizzie’s perspective on the different places outside of Miami. It’s bad to assume but did Lizzie go anywhere outside of Miami before you guys get together?
    5
  20495. i love it! if you have a bigger place you just fill it with stuff
    5
  20496. I do enjoy your video's, I get to see the different parts of FL., I would like to see low income, to live not vacation, not on the beach.
    5
  20497. My 2 Favs!
    5
  20498. I thought it was extremely fishy when the news would start mentioning about how people would be “going bare”  / without insurance. Trying to normalize it and making it acceptable, like they were expecting big weather events to follow 🌀
    5
  20499. When you pay the IRS in the mail they want you to put your SSN on the check. Insane!
    5
  20500. Appreciate your common sense 😊
    5
  20501. As a future Floridan speaking, I don't think the native Californians don't mind the move. Especially the cost of living. In these pandemic times, who can afford to pay such high rent/mortgage in California?. Even my friend who lives in California says he literally has nothing left after paying rent, bills, even the restaurants out there in California from what I heard are expensive.
    5
  20502. People will be crushed in 2024 and beyond in property taxes at these high prices. County and Cities will be running huge deficits due to homelessness and crime. Loss tax revenues with businesses and hotels closing.
    5
  20503. These are not stimulus checks in GA and AL. This is because the states took in extra money in taxes and are giving it back instead of blowing it. You should be in favor of this Michael.
    5
  20504. I just moved to bal harbour , it's beautiful but that's all it is. I agree with everything this guy is saying so far..
    5
  20505. Property taxes are super high in Illinois where I live. On my $400,000 home, I pay $6300 a year. Total rip-off.
    5
  20506. It's because of the interest rates on the credit card that why people are owing that amount of money recession got nothing to do with credit card debt or any debt
    5
  20507. HAPPY FRIDAY MICHAEL AND LISSI 💦🏄‍♀️
    5
  20508. How you mentioned California at the beginning of the Video Michael, I was born and raised in the heart of California near Yosemite, It is sad to see how much worse CA my home state has got on almost anything, I'm not Political, But I am proud to live in Volusia County in Florida as well.
    5
  20509. You are definitely correct on property taxes in Florida. In 2007 my property taxes were over 5000. After the crash they went to under 3000 and never really came back up. When I sold in March of this year it was only 3200. Not sure why but I was not complaining.
    5
  20510. Great video :face-orange-raised-eyebrow:Going bankrupt after they bonus out all the top execs and CEOs is the usual method. That's why I do not buy "long term care insurance." Many will take your premiums for 20-30 years, and then when thousands of older people actually start to need it, they will declare bankruptcy and no claims/care will be provided imho. All your money down the drain!:face-orange-biting-nails:
    5
  20511. I have zero sympathy for anyone that moved when working from home. Even if you were allowed to stay at home with your current job what happens if you lose that job? You still need to look for work in the cities. And if your arguement is they could look for another work from home job then why can't they quit and do that anyway when they're asked to return??
    5
  20512. Is it possible to live in Miami without a car?
    5
  20513. I agreed with every thing you said! That’s why we just moved from Chicago to Venice!!
    5
  20514. California advantages 1.more types of food 2.bigger waves 3.more national parks 4.mountains 5.forests 6.highest economy 7.darn cool history
    5
  20515. Nice beach review. Too hot/humid in the summer not to mention the sandfleas. Prefer the winter which we live for... Can't wait to see your California videos I lived in Carlsbad/San Diego for 7 years loved every minute of it. Don't miss that traffic, and the high car insurance haha.
    5
  20516. I thought about you when this happened, I'm glad you're okay. I also live in a highrise, on the 11th floor.
    5
  20517. Awesome video …I learn so much important information, really appreciate you!.
    5
  20518. As long as investment firms, foreigners with offshore cash, Zillow, and open door, exist. average family will be priced out to buy their dream home. Average American household screwed for life. Thank you to the feds smh
    5
  20519. Hi Mike. Great video. I have a very old car I can't drive down to Florida when I move. I don't trust driving it. Mike would you think I should put it on an auto transport? And would you know any? Thank you
    5
  20520. Michael, the fed is buying all the debt. Rates dropping is only temporary. The 10 year yield will shift again. I expect it to hover around 3.85-4.0% . The worse is not over it's the calm before the storm. Rates should settle at the 6.75-7.25 thru 2023. Also unemployment is up, I'm from Miami myself , Dade County is going to crash hard. Thanks for what you do. The economy is on very thin ice.
    5
  20521. Lol "where are we today" loved that you kept that in😂
    5
  20522. Hey Michael really complete video full info about it!! Thank you for doing this. Question for you: during the winter time do you think the temperature of the water still fine for swimming? Do u sugest any one specifically on winter? Thanks again!!
    5
  20523. I personally like motels, like my car right out my door.
    5
  20524. Good afternoon Michael. Thank you for the video sir. 🔥🔥🔥🙏🏿❤️❤️
    5
  20525. Technology gave those in power all the data. They know exactly how much to squeeze everyone. Thank yourself for all the app permissions you blindly agreed too.😢
    5
  20526. Good one! I love "the common theme here is that most of these lies can have a little truth to them." Isn't that the American way of selling things?
    5
  20527.  @MichaelBordenaro  the same 'experts' who didnt see the 2008 crash coming ;)
    5
  20528. These experts are as accurate and trustworthy as Jim Cramer lol
    5
  20529. Cant wait to see you travel FL. As someone older and wiser, lol. Stop giving your hard earned money away, own your own home. build up the equity. Maybe not on the ocean, but near the ocean, with your own built in swimming pool, no gators or sharks. Stay safe, Love your channel.
    5
  20530. After seeing all the Villages can you make a video about which one you like the most from what you can see? I wonder how much is the HOA? I bet it’s a lot.
    5
  20531. I've seen way more price reduced on Zillow lately etc. I don't know what sellers are going to do if they really NEED to sell. Not just WANT to sell. Other than lower the price. Might go back to those days of short sales if it gets bad enough.
    5
  20532. My niece is Cuban American escaped many years ago. Her father has been in Miami for awhile. Bety got her mother out of Cuba finally at Christmas 2020. Glad their safe and a huge part of my family.
    5
  20533. Is it 20% for the same coverage?
    5
  20534. First
    5
  20535. Great news for Florida. Glad Gov Desantis is doing the right thing for taxpayers.
    5
  20536. HOA = Home Owner's Annihilation
    5
  20537. I've been enjoying your walks around Miami very much. I live in a small town and homes are usually on the market a long time. Even through all of this. Maybe it'll change when the warmer weather here. Theres a family friend here I'm working with to buy my house. Her mother lives just 2 doors down from me so when I heard the friend was looking for a place I reached out to her right away and she's interested in the house. She has some things to work out with getting a loan since this is her and her familys first house. so in the mean time my family and I are starting to purge, save every penny, and make any repairs that need done. I believe in patients and not rushing into things too.
    5
  20538. The numbers are unreliable. And your Governor just opened up the economy to full capacity, like a boss. Good on him.
    5
  20539. Don't worry. If Trump wins, the next move will be declaring a recession 6 months or a year into his mandate so they can blame him.😂😂😂
    5
  20540. Government should stop spending and start cutting their own bureaucracy
    5
  20541. I agree with you on everything you said about Flippa
    5
  20542. I’m not a fan of the stock market. I do put the minimum in my 401k. I live a simple lifestyle and save. Like your area my area is pretty expensive but was able pick up a foreclosed duplex during the Great Recession. Now, 12 years later, I’m hoping to pick up another rental property. That would be my plan towards retirement
    5
  20543. Why didn’t that couple do their homework??? Yikes!! If you’re from SoCal you know NOT to move there lol
    5
  20544. Moved to Cocoa Beach from Illinois ten years ago and couldn't be happier. Always something going on but with a relaxed Atmosphere. Space Coast is my happy spot.
    5
  20545. Born and raised in Satellite Beach, so glad to see my hometown on people’s radar! 😎🙌🏻❤️
    5
  20546. It is laughable how many 5 figure earners are in high 6, low 7 figure houses. Chill people... let the market sober up.
    5
  20547. I can't believe those neighborhoods that you walk through are so expensive but yet people park on the grass. They would never allow that in Texas. If they did, it would be considered a trashy neighborhood. It would piss me off if I paid a million dollars for a house to have someone park their car on the grass. Crazy!
    5
  20548. Keep us updated on the Florida legislative session to address the homeowners insurance crisis! Would love to hear your perspective as things unfold.
    5
  20549. I tried twice on 2 different homes to sell to Open Door. Both times failed. After several video conference calls Open Door would give me various excuses why they'd not proceed. I knew I'd get less with them but wanted to move quickly. I had to list traditionally and wait it out.
    5
  20550. I saw that video, wow if you ask any old timer they will tell you life is not anything like we all knew and loved. so much has change and not for the better.
    5
  20551. I just sold my commerical property in CA, due to crazy laws enacted, mainly rent controls and attempts to raise the property taxes by 500% I'm buying two properties , one in Tallahassee and one in Tennessee, to avoid state income taxes. I'm thinking about moving to either TN or FL. What do you think? I like the housing architectual style of FL. The TN homes are strange, with steeple like roofing. It's four seasons vs. tropical. TN doesn't have hurricanes, but also has no beaches, but has rivers, waterfalls, creeks, manmade lakes. I was looking at Sarasota, with the near the water houses, and enclosed pools.
    5
  20552. Good video. Why does the government cut interest rates? Because the economy isn't doing well. What about inflation? If rates are cut and the money printer is turned on again to save a floundering economy, inflation is likely going back up. Is JP willing to undo all the inflation progress we made? And lastly, we've NEVER seen interest rates being cut in any meaningful amount unless the stock market crashes or has a large pull back. I don't know what's going to happen in 2024, but every other time in history, something has had to break before we see meaningful rate cuts, and JP won't shut the hell up about higher for longer. Guess we'll wait and see!
    5
  20553. I love my Florida 💜💜💜💜💜
    5
  20554. Me 3 😎☀️🌴🌊🌈🏖
    5
  20555. The man with the plan!!!!
    5
  20556. its all about victimizing people who cant handle their finances
    5
  20557. So, Michael,where do you invest your money ? Real estate is a risk now and you said you don't invest in stock market,so where DO you invest?
    5
  20558. Michael is so awesome!!!
    5
  20559. love this collab! two folks i follow!
    5
  20560. Renters have very few rights in some states. I think maybe the trend will be to continue to give them more. It adds stability to neighborhoods and lives that may be worth more than profits for the owners. Where I live if your building is sold out, they literally have to negotiate with you, people walk away from these things with sometimes up to 100k as compensation for being kicked out of their home.
    5
  20561. Are there us ppl who have enough cash to buy a house but refuse to do so cos they expect a crash or cos prices look stupid expensive to them? Are they many? Or all need a loan do buy?
    5
  20562.  @MichaelBordenaro  the only way that would is if they took a bankrupt city like Victorville or beyond and offered a buyout for the residents there. Then build housing for the homeless. In my opinion, nothing will tackle the homelessness problem in California until we tackle drug addiction. Which is why the majority are homeless in the first place. When the cops don't even bat an eye and someone shooting up in a public walkway and it's a misdemeanor to be caught with meth that is where the problem is tackled. Just like illegal immigration. California has made this place a sanctuary state for drug addicts.
    5
  20563. Great videos man ! I'm from Argentina, and you absolutely look Argentinian xD Keep going bro awesome videos
    5
  20564. Michael, thanks for bringing up the 6 figure earners living paycheck to paycheck. That is a scary statistic especially in the major metros. I can only think some of these earners are receiving financial assistance from their parents to help them live what used to be a middle/upper middle class life.
    5
  20565. Man Cali and Florida is a tie and they are the only 2 states that I would ever live in. Both places are beautiful ❤️ I'm in California now and about to move back to Florida to get a house.
    5
  20566. 😎👏👏🏝thanks Michael!! You really deserve a applause not only walking through these neighborhoods which by the way I never see a soul walking anywhere but to bring us a honest realistic real state information! Not a bunch of cover ups!! For the excess COVID money I wouldn’t give it back since no one knows where is going to end up!! It’s better use it for housing ,food or anything helping the low income! 🙏
    5
  20567. The castle tour was really exciting and quite intriguing. Love your videos.
    5
  20568. Michael, you need to talk about practical things like mechanicals. Things like plumbing, electrical & HVAC. Those can be very expensive repairs.
    5
  20569. People need to save money. Stop going out to eat at restaurants and fast food places . Plan your trips and do not waste gas. Do not buy clothes . Buy only things you need and not want. Do not eat turkey for thanksgiving. Cut your cable and streaming services. Learn how to sew or crochet. Clean out your house and sell things that you do not need. Save your money. Eat less !!!
    5
  20570. I know Florida has low wages with jobs so I was wondering how can I balance paying rent or a mortgage while living in a house, condo or apartment.
    5
  20571. Congrats on 20k subscribers! Onward & upward
    5
  20572. In March you predicted Cape Coral could reach median prices of $282K by next year, just looked at median price for June 2021, median already at $287K! The question is, how much will prices roll back after the bubble pops? Byers have a lot more equity to lose this time around compared to the last crash, so don't expect many to walk away or to give up significant value.
    5
  20573. I hate to tell you this is about 90° here in New York. I’m enjoying it. Thanks for the video
    5
  20574. Do you have any info on living in Jacksonville fl
    5
  20575. So true and it's not just the risk of the building collapsing because of poor maintenance. What if there's a fire above the tenth floor and people become trapped? That would scare the crap out of me.
    5
  20576. The California example is just another sign of the creeping socialism which I would argue has been in full display in the past 2 years all over the US but especially so in certain left leaning states. Private property rights are being eroded steadily in other parts of the world too. In Ireland the government has drafted legislation that proposed to house Ukrainian migrants in holiday homes of people, whether you like it or not. The compensation they'd be getting would be fixed by the state and probably lie way below normal rental rates. The complete hollowing out of market economies is well underway and we need to fight tooth and nail at the local and state level to stop what's happening because yes, while a lot of ruthless real estate sharks are abusing the market right now, having no functional market will make everyone worse off.
    5
  20577. Kevin O’Leary is a financial guru who got paid to promote this scam. Hmmm 🤔
    5
  20578. Greetings from Pinole ! Better do Your Homework before building or buying anything !
    5
  20579. Florida used to be cheap pre pandemic
    5
  20580. Prices are lowering here in Florida
    5
  20581. I live in North San Diego County and the inventory over the last week has exploded. I just saw a 300k price drop in my own neighborhood. It was an over ambitious flip and they clearly didn't expect the rate increase to hit the brakes like it did. Party is over folks, Nothing but downside from this point.
    5
  20582. I’m really glad to see your numbers growing. Keep on keeping on my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  20583. That drop back to a $181K median value is a 40% drop nationally (from the current $298K). There could be pockets where a 40% drop may be possible, however those results get skewed when the very expensive homes have considerable price drops and the median buyer doesn't see those lower prices even though the figures reflect that. But you could be right, I think things will get a little worse before they get better. Virgin Money is now offering 4.6% on cash deposits (only caveat being you have to drop 2K a month into the account). Thats probably a better yield than real estate at the moment.
    5
  20584. good job Michael. Is it a floor level condo? 3500 a month is HOA? I hope that has all utilities included
    5
  20585. You might be surprised. Many of my neighbors are 47-60 years old. We retired last year at 60 to start living this active lifestyle. It’s a city of 150;000 people with more activities than I can list. They recently put in the third softball field south of 44 (newest villages).
    5
  20586. Yes i still hate condos thank you Mickael ^^
    5
  20587. Always learn something new when I visit your channel 👍
    5
  20588. Like most most education, their main focus is getting you to pass the exam, not really anything practical for the real world 🌍
    5
  20589. We moved to Florida (from MI) over 27 years ago. The housing market has been profitable for us. Bought 3 homes and sold the first 2 for double the price we bought! We now live in a 55+ community that is in Central Florida by The Villages. It is in an Older manufactured Golf Community (CCC). Due to The Villages surrounding us, our home prices have more than doubled. Unfortunately, the home insurance has exploded. We are seriously considering dropping our Insurance, or may move back to our home State of Michigan. We just retired, but probably will work part time to help with the Insurance issues.
    5
  20590. Like you Michael, I planned to move to L.A., and I do still love it there, but moving here over 30 years ago was a very positive thing. I became a different person, much more outgoing and creative. I'm always surprised when people say there's no history here, because there's lots. And after 30 years, I still get excited over Palm trees. Lol. The mentality of my hometown of Rochester was very conformist, which I hated. It was all about getting a factory job, which I did, and staying there till you retired. Glad I moved! P.S. HATE WINTER!
    5
  20591. Could they be delaying foreclosures, because of the commercial sector ? Just wondering. Like, they want to give businesses a chance to catch up if they’re behind ?
    5
  20592. I’d rather live in your Condo directly on the beach vs one of those houses any day!! Just my personal preference.... And nice not to have to worry about yard work, maintenance, etc.... it’s a dream of mine! I vacation on the beach but have never lived on the beach after living in Florida my whole entire life. Hopefully someday! Enjoy the videos! Thanks 😊
    5
  20593. Love this combo!!!😂 Dream-team!
    5
  20594. Waiting another 2 to 3 years and then I'll consider buying. Took a year just to get "less bubbly"
    5
  20595. 1st thing I did was get flood... doesnt matter where you live remember what happened in Houston? The govt breached the levees on purpose .... in florida we have rivers, lakes and the glades cant not have it
    5
  20596. California 👍🏻👍🏻👍🏻
    5
  20597. Home prices need to come down.
    5
  20598. "You have the right to remain financially stupid. All debts may be used against you in a court of bankruptsy law..."
    5
  20599. I live in Minnesota, and plan on moving to Florida. Better to be hot, than 9 months in snow and cold.
    5
  20600. x_x Halloween Horror stories by a real estate agent 😄😅
    5
  20601. careful on ,moving back some companies are calling for people to go back then doing lay offs a couple weeks or months afterwards.... Note If the company is changing the terms of work , ie back to inoffice and u cannot return to work you Can often get unemployment its going to depend on the states involved .... some companies are using this as an excuss to get people to quit
    5
  20602. California has way better weather. However Florida has way better people. I have lived in San Francisco and LA. I also lived in Boca Raton Fl. Boca is just this place where everyone is really nice. Miami has lots of fun things to do and night life. California is a different animal. SF is a beautiful city very very very expensive. La is just very very expensive. LA is full of fake shit. San Diego great place of you have the money. It’s way drier and sunnier. Florida is humid and the heat doesn’t let up in the summer it’s oppressive heat but somehow it’s not so offensive. Because it’s pretty. The ocean is beautiful as hell. You feel like your always on vacation. It’s cheaper and the people are really nice especially North of Miami Beach. However Miami is also full of nice people just not the same as the rest of south Florida which is so nice if you come from NY you think are they tricking you
    5
  20603. Great Intel, Michael......Congrats. on the 40K subs. !
    5
  20604. That's the fucking same in Poland! I've been looking for a stable job for the past 6 years, only ending up in finding temporary- lasting 3 months contracts in physical work job places- no jobs for the Spanish/English speaking folks in here! A year ago I earned €1200 net per month- today, I cannot find anything that pays one a €1000!!! That's fucking insane. And there ain't no jobs for the people with academic degrees - only the physical work.
    5
  20605. Currently considering following locations in south Florida: Boca Raton, WPB, Ft. Lauderdale, Boyanton beach
    5
  20606. I found some pokemon cards on amazon that i want (their not in my country) and they cost like 8$ and theres some rare ones that are worth more than that i cannot tell if im gonna get scammed
    5
  20607. I think house pricing will go back to 2019 pricing. First time home buyer mortgage applications has fallen off the cliff.
    5
  20608. Great info. Keep up the great work.
    5
  20609. You’re in El Portal
    5
  20610. So funny, I just did a vlog with a beach walk. What a coincidence!
    5
  20611. We know the banks just need to delay long enough for the Fed's next round of QE.
    5
  20612. Michael you’re absolutely right the LA music scene totally Beats Miami It’s the best music scene in the United States
    5
  20613. I am so glad I’m not dealing with the housing market right now. I used to be a Residential Loan Processor, and I “survived” several downsizings and a merger. It was always feast or famine. I actually called the last crisis. I started noticing that appraisals weren’t coming in at the previous estimates, and loans slowing down as a result. And sure enough the wave came. There were times I just wanted to cry or run away because of the foreclosures. I hope that doesn’t happen. I don’t like to see people hurt.
    5
  20614. There has to be a straw that breaks the camels back! Good seeing a cute face on your video 😉
    5
  20615. Grazie
    5
  20616. Great video as always 👍. I’ve been thinking about doing similar neighborhood videos in my area. Your video is my motivation to get out and get it done.
    5
  20617. Interesting take, funnily enough I was looking a real estate price in Miami today and compared to 2014 they seem to have come down quite significantly.
    5
  20618. Pro: nice mild winters. Con: long hot sweaty summers.
    5
  20619. nice guitar set up bro!
    5
  20620. God I remember the days of Roommate Referral Service in the Haight in the 80s. Must be quiet considerate, no white flour, no refined sugar etc. etc.
    5
  20621. In Canada, strata fees have been exploding, especially insurance. All the small providers are underwritten by larger firms like Lloyds Of London, who insure a larger market overall, so when other costs go up in other sectors, the costs are psssed down accross the spread of insurance clients.
    5
  20622. Checks today?! In Sweden you would be looked at as if you came from the eighties!😊
    5
  20623. I completely agree with everything you said, especially the way you described your appreciation of Florida's nature...it's hard to put into words but you spoke my mind! Everything about being there just inspires you to eat and live healthy...the berry bowl from Whole Foods in South Beach was my breakfast every day my last trip. Miami Beach is the perfect place to live
    5
  20624. Bro. West coast of Florida. Sun all day and into sunset 🤙 I always come back here to SWFL 😎
    5
  20625. Wow, it seems so homey. Love it.
    5
  20626. Nice video. I enjoyed it.
    5
  20627. The price of fast food should not be an issue for the consumer because it is not food. It is dangerouse to your health. Bad health destroys your wealth. Anyone involved in the industry is in trouble though.
    5
  20628. Love it. Miami Beach is home. Home is Miami Beach. Bitcoin is life
    5
  20629. I take a very centrist position here...is the market over priced and due for a correction? Yes. Will I stop shopping for a house? No. It is still possible to find deals in this market, and especially if you can get seller financing. Run the numbers, if it makes financial sense, don't be afraid to pull the trigger.
    5
  20630. It was so great to see Breckinridge again. Our middle daughter lives in Boulder & the first time we visited was 15 years ago & she took us snow skiing & we loved it. Was my first time snow skiing & had so much fun. So glad you got to see it. Colorado is beautiful!
    5
  20631. Nice content brother!!!!
    5
  20632. When people that work in the area can't afford a house in the area, the area goes down. Never heard that before, but makes perfect sense
    5
  20633. I can only dream about living in Florida 😊 Looks like a beautiful sunny ☀️ day!!!
    5
  20634. Great content.We're in the UK but follow events in the US as we are affected by them over here. Appreciate your work and insights, thank you
    5
  20635. Well said brother! 👍
    5
  20636. Thanks for this Michael! So many things I didn't know and things I'd never thought about. After you go through all those hurdles you have to find a GOOD, honest contractor to complete the work. My husband used to do that kind of work and was one of the best. He built our retirement home here in Texas, and it's solid! I feel so bad for the people who lost everything. I want to help but don't trust the Red Cross. Is there anyone you could suggest for us who truly helps people who've lost everything?
    5
  20637. Thanks for Your Great information on Property Tax Laws, especially for Seniors ! Keep up Your Good Work !
    5
  20638. I prefer Southeast Florida overall
    5
  20639. You must not have kids if your talking about expensive pets. Lol
    5
  20640. Not coming to Florida this year too expensive I'll stay in Rhode island
    5
  20641. Brilliant- you are truly the best ! Thank you Michael 👍🏻
    5
  20642. delivers have slowed down in my neighborhood, here in Phoenix.
    5
  20643. We live in Melbourne Beach, but St. Augustine is a place we visit a couple times a year and love it.
    5
  20644. You are in my hood. Looking to leave this for SWFL.
    5
  20645. It's not a realtors job to give ANY opinion
    5
  20646. Never say never.
    5
  20647. The problem with mobile homes are they are harder to get financing on, the go down in value vs a house, and I wouldn't want to live in one during a hurricane or tornado 😂😂
    5
  20648. Fantastic content as usual. Keep up the great work, Michael!!@
    5
  20649. Make sure you vote in person on 11/8. Not early. No chance for mismatch, loss, changing the ballot. Trust nobody🇺🇸🇺🇸🇺🇸fight for your freedom
    5
  20650. Once the fed pivots and begins QE again, that does not signal a bottom in the housing market. It signals the Fed is seeing pain in or coming to the market, meaning, home prices will continue to drop as interest rates decline. Im not buying until fundamentals have returned to the market where local income aligns to local cost of housing. This likely will be another year to two at least for the Miami market where I’m located.
    5
  20651. Just discovered your channel, this video makes a lot of sense. By contrast though, a realtor I work with in California keeps calling me every day, telling me to buy now. Thoughts?
    5
  20652. One last minor bump higher in the stock market, then most likely a significant mini crash later this month; my humble take.
    5
  20653. Beautiful walk and view. Thank you. I agree with your point about 1% down being very dangerous. However, imo, this podcast is longer than needed to convey the information.
    5
  20654. One of the greatest videos you've produced, thanks for making it. I never understood homestead exemption, does it protect you in bankruptcy? 8 grand is nuts for. A condo
    5
  20655. Hey, Michael thanks for this video, been looking into opening a business checking account. What do you recommend? Is Discover still good for biz accounts?
    5
  20656. It is amazing how well you can live when you budget your money carefully.
    5
  20657. Florida drivers are something else y’all
    5
  20658. The HELOC lady ... perfect example of where things are headed.... Many experts have noted that the current housing situation is vastly different than 2008 etc. Yeah, until massive amounts of people use HELOCS to fund their exorbitant lifestyles undermined by a shifting economy. They may have gotten a 3% mortgage to start but that was then. What happens as the higher paying jobs keep evaporating ? Companies that want to stay profitable won't be able to raise prices indefinitely, but they can cut down on salaries.
    5
  20659. Its not just about millions of homes being added to the U.S. housing supply. How much of that future supply is actually affordable to lower and middle class income people? They're all building homes in the high 6 and 7 figures.
    5
  20660. Like I said in videos past, Orlando is MY city of choice.
    5
  20661. Despite all the bad news, Michael, watching your videos is calming. I miss Miami.🌴 Have a great day! 🌞
    5
  20662. Terrific Intel and Perspective on FL R/E......Thank you , Michael.....
    5
  20663. this might just be the start of increases across the board
    5
  20664. Santa Rosa will have cheaper houses, as well as Cotati and Rohnert Park, check it out MB
    5
  20665. The story they give is they don't want more homelessness. The truth is they want the owners to lose ownership and then they're all possibly homeless.
    5
  20666. My yard is kind of back to nature, interesting the different types of weeds that grow at various times of the year depending on the amount of rain. I did break down and buy a decent cordless weed trimmer so I could reclaim the sidewalk and driveway. If you want to see the worst that can happen go back to the mid to late 1980s in the oil patch areas and see what happened to real estate.
    5
  20667. CA leads the world in environmental regulations - internalizing the environmental costs of fossil fuels, plastics, etc. Tax what you want less of. Other states follow CA’s vehicle emissions and fuel efficiency regulations, and that’s cleaning up the air and pushing the world toward an EV future. All very good things. Their zoning laws also seek to protect the environment, helping to push the price of housing higher. And when real estate is expensive, that means land for stores is more expensive, which pushes food prices higher. I’m generally aligned with the environmental policies CA pushes. Just, HELL NO, I’m not interested in living there! It’s laid back, far less expensive, freedom-loving Florida for this boy.
    5
  20668. Enjoyed this Michael. It’s even harder for those looking to move or buy 3 hrs or more away from where they live. Pretty much need to work with an agent that can be on the look out for ya…or move, rent & then house hunt & buy. That’s how we did it when we had to relocate several times in the past, but this time around I’m looking to buy a house in FL to retire to & that’s tough. I don’t like buying sight unseen & can’t just run down there every time a house goes up for bids. But I’m not going to give up my dream. I’ve even started looking in historic/coastal Savannah, where we used to live…but things there are just as bad & homes go just as fast. (I’m 3 hrs north of Savannah) We have salt in our veins…gotta be coastal. I’m wondering how people are relocating these days when they have jobs waiting on them? They must have to rent first, then bid on houses to buy because there is no way they can take a trip & land a house all in one week…not these days.
    5
  20669. After watching a number of your honest videos, i know living in florida would not be for me ...the relentless heat and humidity would drive me crazy ... probably just sit indoors anyway to stay cool so that would defeat the purpose ... I'll keep on watching your interesting videos though
    5
  20670. Thank you for consistently providing valuable information. Very much appreciated.
    5
  20671. Florida currently still way overpriced wait awhile. The 20th new wprse housing stats coming out! Agree more listings and older homes price cuts and new listings to be built are cheaper...
    5
  20672. Beautiful beach! Thanks for another great video Michael! 💕 I giggled when Lizzy told the birds to go get their own fish! 😊 So nice you got to see your Grandpa! 💕
    5
  20673. Hey Lizzy❗️❤️ Great to see you join Michael on a video again❗️
    5
  20674. This video really hit home with me. I've been considering moving to Florida for years now.. I really think it'll make a positive impact on my life for the same reasons you said. Weather, culture, the laidback lifestyle and people, and more personally being close to family etc. I'm just kinda worried about taking the leap and leaving behind what I have here. Plus I'm living in the UK so it's a big move.. but eventually I will do it !
    5
  20675. What , just watch your video rocking out on your guitar in Utah's desert
    5
  20676. Great content man. Really like how you don't make negative crash headlines clickbait.
    5
  20677. Everyone just needs to give up for a while and chill 🧊😎
    5
  20678. Well, I don't want a tiny home, but 2bdrm, 1000 sqft will do. Harder to find. Not into condos, hoa's, or 55+.
    5
  20679. People need to start using a number I think this market will drop 15-20%. Whether you consider that a crash or a correction is subjective. That’s what I think we will see. Not sure we see a 30-40% drop but my goodness if it does I m doing the hammer dance and buying a GREAT HOUSE I m moving to FL to a rental property of mine which is paid for, for the year so I can wait but I would like to buy before Jan but if I see the housing market is crashing hard and fast I may wait until next spring Oh and FYI I will be making low ball offers. I want a 1.5 million dollar house (as priced right now) for 1.2 cause literally LAST YEAR that same house was listed for like 1.1 or worth 1.1 I have seen 4 houses I have saved drop between 130k to 225k in the 1.2-1.4 million range Right now people are paying 1.2 for a house that was a million last year. I want a 1.4-1.5 house for 1.1-1.2. I ll refinance in 2-3 years and get a lower rate. Give me a high rate lower priced house vs low rates but my house lost 300k in equity
    5
  20680. After having lived on the east coast of Florida (Miami-Ft. Lauderdale area) for 15 years, we couldn't wait to leave that area fast enough, made the move to Dunedin 6 months ago and couldn't be happier - best move ever! What's wonderful about the area is it's part of a collection of a few towns: Dunedin, Palm Harbor, Ozona, Tarpon Springs -- each with its own unique flavor, character and charm -- with Dunedin being the most "artsy". Probably explains why it's the most pricey, but worth every penny... So other than the mis-pronunciation (as others have stated it's more like Dune-Eden ) your assessment of this special town was spot on! 🐬🌞🏝
    5
  20681. More insurance increases for those people. Miami is becoming like a Beverly Hills....
    5
  20682. Just an idea, but I'd really love to see an updated video on "what you can get for $1500 a month"!
    5
  20683. I moved from SoCal to Metro Detroit and moved right back to California because living there was depressing. Never again. I’ll pay the high rent and enjoy life here.
    5
  20684. ok..who is your mortgage guy...we have CS of over 800 with proof of income. was quoted 5.5....sheesh the greed is crazy...
    5
  20685. Yes, I am starting over. I WILL move to Naples Florida soon more preparing to do.
    5
  20686. Sounds like a no-fly list.
    5
  20687. Love love California. Yes, the government is a little bananas but it is beautiful here especially in San Diego. Been living in San Diego for 10 years. Love Florida but that heat and humidity everyday is too much for me. I'm less than 25 minutes from the beach, zoo, sea world, Padres baseball, mountains, and lakes. Oh forgot to mention places to eat.
    5
  20688. I totally feel you buddy. I moved 8000 miles to where I am and I can’t be happier.
    5
  20689. Funnnnny 🎉
    5
  20690. In this day and age there's no way I'd relocate to another country. As an American I'd feel like I had a target on my back no matter where I went. I'd go to Puerto Rico or another US territory though, no problem.
    5
  20691. Great Great information for persons looking to get into the air bnb business. 2 thumbs up 👍👍
    5
  20692. Fully expecting 30-40% reduction. Not looking to buy at least until third quarter of 2023
    5
  20693. I think of the British couple is dead set on getting the home at the low interest rate, they should do the following: 1. Negotiate to proceed to purchase the property contingent upon 2. A mutually agreeable current owner rent back But I think them not getting the home is a blessing in disguise, because a real estate crater cometh that shalt maketh 2008 look like a joke.
    5
  20694. Alaska state already have Universal Basic Income for over 30 years now.
    5
  20695. FED. Fake Economy Dept
    5
  20696. Do you think rental vacancies are really about 6.2 percent? Anecdotally, I see huge numbers of empty rentals in my city
    5
  20697. Great video! Nice to see a reasonably priced condo in Miami Beach!
    5
  20698. Waiting to buy in Orlando now after lost bid about 7 times. Moving into rent. Rent is very expensive too.
    5
  20699. The only animal you need to worry about in Florida is me.
    5
  20700. 3d printing is not a mature tech. Wood, brick, and mortar have been more or less the same for over a hundred years. My house is 70 years old, and solid especially after updates. Don't do it unless you have a very, very good reason or a million small ones. Also, become as handy as possible. Learn how to put in sweat equity. Saves soooo much money.
    5
  20701. That’s one negative thing about building a new home (many years ago), you cannot survey the neighborhood and know what the neighborhood is going to look like nor the type of neighbors you will have like you can in an established neighborhood (like Michael suggested). Nor do you have any idea what the surrounding areas are going to do. The cow pastures are gone, the orange groves are gone, the strawberry fields are gone, the woody areas are gone. They built a public road through the neighborhood and all the the apartments, townhomes, storage facilities, grocery stores (good), big box stores, and all kinds of business have now come. The traffic is terrible and what was a nice peaceful area has become an area where these big companies are buying up the homes that come for sales and renting them home because of the great proximity to the interstate and everything you could need being so close by.
    5
  20702. Stimulus money does not give you money to buy a home! CMON NOW!
    5
  20703. Still wouldn’t move to California. Way too expensive, high cost of living, high taxes, etc.
    5
  20704. There are ways to manage them off the property. Use your imagination.
    5
  20705. There is more sub prime auto debt now than there was sub prime home debt in 2006. Then you add student debt, mortgage debt, corporate debt, government debt. The debt is going to crush everything. And then you add in it the demographic trends, this will not only be worse than 2008, but it wont recover, at least in the housing market.
    5
  20706. Yes yes we want !!! ^^
    5
  20707. There are still plenty of places to purchase an affordable home in Florida, it's just not going to be in South Florida, primarily the tri-county area of Miami-Dade, Broward and Palm Beach Counties respectively.
    5
  20708. Thanks for sharing.... Yes, it did look a little sleepy.
    5
  20709. My reasons: 1. Freedom 2. Weather 3. Growth
    5
  20710. As always.. great work.. I really love the walk and talk videos you do
    5
  20711. fomo pandemic panic buyers bought based on payments not on price. which was wrong
    5
  20712. Time flies when you're having fun in the sun! Lol
    5
  20713. I read Millennials are opting for smaller homes compared to boomers
    5
  20714. There are many towns and cities, nice ones, with affordable homes - just not in the popular/ hot cities.
    5
  20715. Thank you Michael!! 🙏🇺🇸👍
    5
  20716. Thanks for this video. There was an agent last year who adviced me to overbid, waive appraisal, not sure about inspection and pay for closing cost on a home I haven't even seen. That got me thinking, ah wait a minute is this agent really looking out for me or for the buyer. I do want a home for my retirement but not that desperate. For now renting makes sense for me. Everything you said (low interest rate, investment etc.) they said to me. Sometimes I do have regrets not buying early enough (started looking in 2020) but since it will be the biggest purchase of my life, I'm a little picky, don't want buyers remorse and most importantly don't want to be house poor. The homes that I saw in 2020 went significantly up compared to now. I'm going to wait it out until the dust settles down hopefully I made the right decision.
    5
  20717. Natalie Bronx . Same here. I am from the bay array. The weather is always windy and the water is cold. Looking to move to Florida. Good luck
    5
  20718. The style of homes are cool.
    5
  20719. Great commentary and tour, thanks!
    5
  20720. Yes, this was great, please do more.
    5
  20721. how about buying a home or Land !!! If a person can, they need to pay their debts off . Debt Free feels good !!!! But you still have to Budget weekly. Everything goes up in Price $$$$$ ! Except for your Wages$ !
    5
  20722. Hey Michael, its is a cute house but see what the price per sq foot is on it. (which Im sure you did). It is probably still selling at inflated price. I would wait for the FL crash especially if you want as investment prop.
    5
  20723. I want to work at Costco. Maybe baking the pizzas
    5
  20724. Hi Mike, what are the good neighborhoods around Mayo Clinic in Jacksonville?
    5
  20725. Where ever you move to in Florida go to a place that has the fewest ex-Miamians. Totally good vibe if it has tourists from other states or actual locals.
    5
  20726. Interesting list. Although I haven't been to the Panhandle, I've visited and/or stayed in all these areas. It would interesting to know the average house and/or condo prices in each of these ten areas along with rental opportunities to make some extra cash to help pay the mortgage until one is ready to fully retire to Florida (if that's the plan).
    5
  20727. Happy Birthday Michael! Thx for the driving tour. Enjoyed it 👍🏻
    5
  20728. Oh man! Once I saw Nick doing more walk and talks I thought he may do a vid with Michael. Then I saw they were both in CA, then I knew it was inevitable.
    5
  20729. You mentioned to invest saved money but where could we possibly invest in right now? Everything is so uncertain right now that I feel like I’m lost when it comes to deciding where to invest my money. I’m a real person and not a bot.
    5
  20730. There is a old saying; “what goes up must come done” I add to it , in some cases it may disappear🎈🎈In this case is the money that disappears! Love this video Michael!! Birds chirping in the background, dogs barking I love it ! Nature at work reminding us to take a deep breath and enjoy our lives there is so much to live for!🦜🦩❤🕊
    5
  20731. Did you see the recent articles talkimg about how elgin and joliet are best and safest places to buy a home lol
    5
  20732. One thing we can all agree on is that YouTube overlords send out an army of leaf blowers the second you go out to film another video for us 🕵️‍♂️
    5
  20733. Yeah if only I could pull myself up from my bootstraps. If only I went to college. If only I hustled more and got a few more jobs. If only I worked 7 days a week. If only there was more time in a day so I could work more. If only. Schmucks rule the world. 😎🎭✌️
    5
  20734. Thanks!
    5
  20735. BTW, it isn’t “free” when the burden shifts to other producers
    5
  20736. Too far away from everything to my taste! The prices are amazing but having to drive 30mins for everything every day.....
    5
  20737. I kinda wish I had moved to Miami Beach over Orlando. The east coast beaches are unappealing. Rent can be better too.
    5
  20738. Only in Florida and Miami , FOMO has a different meaning: Fear Of Melting Outside. 😂
    5
  20739. Not my cup of tea, I'll stick with what I know, a beautiful Beach community home(Ormond Beach!!)
    5
  20740. Foreclosures may be being delayed, but apparently the car bubble has burst. At least , that’s what YouTube is saying. I had made a comment 3 weeks ago on someone else’s video that I had passed by a JEEP Chrysler dealership that had a Jeep truck out front with a huge sign that said $5000 off. Now , I see people saying the car market has popped. I just keep taking note of the things I observe. And yes, Michael , I see homes that were up for sale now also up for rent (simultaneously). The seller just seems to be trying to get someone in the house any way they can .
    5
  20741. Can’t wait to listen to the podcast episode!
    5
  20742. florida is great I might say off it overpay for real estate and just move lol
    5
  20743. Probably a lot more cancellations today! We're thinking about selling after this season is over and just renting. Worrying about your property during hurricanes is just too nerve-racking!
    5
  20744. you are revealing your macro econonic knowledge and i like it cuz your viewers get more empowered with knowledge
    5
  20745. Michaels videos are anything else but no waste of time. First of all you can add so much more to your knowledge about the housing market and secondily your risk getting into buyer's remorse is lower because you have the knowledge and can plan out your financial decisions way better.
    5
  20746. You'll shake the building down playing through that monster amp, lol
    5
  20747. You crack me up Michael 😂😂😂😂
    5
  20748. Oh yesss I did 😃 🏊‍♀️
    5
  20749. Michael - thank you!!! I had no idea about HO3, DP1, DP3 type of policies. I'm calling my agent tomorrow! Cheers m8
    5
  20750. insurance increases with additional scrutiny ... higher interest rates... it's fubar time... I downsized to a condo from a townhouse... 5 years is how long I expect to live in a condo until we reach normalcy. let me stress.. selling my townhouse was a struggle in a great location.
    5
  20751.  @MichaelBordenaro  tbh you are the only normal real estate agent who says prices can go down. There is one other guy on yt ranting for a crash but he is just fear mongering without any real points. He can turn right but not for the proper reasons. He is just doing it for the views. Since meet kevin sold his rentals i think RE will def go down. This guy knows his shit re real estate. I also follow reventure consulting who is also having his thesis but little bit overexadurading things. And finally one rental at a time channel who is a bit pessimistic about a crash but def time for good deals. But i guess in 6m time he can change his mind.
    5
  20752. I'm retired. Are there are any units in the Del Boca Vista development? My friend Art Vandelay said he could get me a deal.
    5
  20753. Thanks again Michael for sharing another excellent review, love those golf cars you two should rent one for a day while your here. Best Regards to both of you.
    5
  20754. If you want nude beaches, you have to go to the East coast, as there are none on the west coast. There are 3 on the east coast.
    5
  20755. 'Location, location, location' in real estate is very important. I saw a huge difference between one location to another location in the Bay Area, CA during 2008 housing crisis. Some area did not drop at all (even slightly up) and while other area dropped by 15-50 percents.
    5
  20756. Hello Michael,....quick question. If my girlfriend and I were to show up in your,.. or,... most other real estate offices in South Florida with this scenario would most realtors talk to us, or,....demand that we stop wasting their time. 1) Both of us have credit scores over 800, 2)Together we could put down at least $100,000 dollars on anything we bought,3)That would still leave us with about $50,000 of cash in the bank 4)I have about $500,000 in 401k,....and will draw $1700 per month in 23 months in S.S 5)NEITHER ONE OF US WOULD HAVE A JOB WHEN WE ARRIVED!!! Obviously, #5 is our concern.
    5
  20757. My quality built manufactured home a mile or so out of town (1785 sqf) on 2.5 acres on a foundation of course. 4.2% interest rate. Costs me just shy of $1100 per month and that includes insurance and taxes. I put in a detached garage and planted trees, lawn and landscaping. I got into it a couple of years ago so you might not get that good of a deal now.
    5
  20758. Thank you for your videos! 👍
    5
  20759. Just left Miami Beach ⛱ beautiful place But, But, crime is on the rise people, lot of local people complain about and lot of people want to move out of Miami Beach and Florida!!!
    5
  20760. A new trend is developing, keep paying your HOA while you live in a tent on some sidewalk somewhere.
    5
  20761. Beautiful z28 !! Did you have any problems with your cooling fans not coming on in the 13 years of having it ?
    5
  20762. my dad is an engineering manager, he kept draining his retirement while we were growing up and now he only has like $60k (and decreasing since the market is down). I think it was due to poor financial decisions, using it instead of not touching it, etc. now he's 67 and afraid to retire. Im 30 and making 6 figures and i think of retirement every day, stashing 80% of my income to invest for the long term in diversified assets
    5
  20763. Michael I will tell you the perfect place to be in the Bay Area, I spent the last 2 years there as my wife was in assignments as a travel nurse there. The absolute best place to stay & live there is on Alameda Island ! No Homeless basically no crime it’s an oasis in the desert there. It’s just like crossing the border from San Diego to Tijuana going from Alameda to Oakland. The graffiti & homeless camps just are non existent. Then you have the Beaches & The Bay , Beautiful !!! 2 great downtown walking & entertainment areas & VJ’S Sports Bar .
    5
  20764. Thanks Michael , For keeping us up to date! Informations is power specially these days!! 🤓 I’m going to be a bit cynical about the incentives given to service industry in expensive areas to purchase homes! This is not to help people , the prices still to high for then . This is to have skilled people live and work in the rich area so they are available for residence who are living in exclusive neighborhoods without bringing the prices down! I see where I live no one can afford a rent or buy a house who work in those industries, malls and service industries are having a hell of a time to find workers! This is just my opinion which I have been observing in my area and other areas throughout the years!🤔
    5
  20765. Still need a 20% markdown for my city
    5
  20766. Flippers are getting killed in my state
    5
  20767. “Or they just die, as people die..” 😂 you always crack me up even though i know it’s not meant as a joke. Excellent analysis! Totally agree with you.
    5
  20768. The result is just as bad. Low income rentals now requiring 720+ credit score to apply, my current property company now requires 680+ score. I wouldnt qualify for my own unit and. I have paid rent on time for 7 years straight here.
    5
  20769. My favorite "Village" is Sumter Landing. It's on the water (A lake). Good restaurant-Red Sauce. My wife and I had lunch there yesterday. Sat outside, nice breeze good food, a couple of margaritas. Life is good. My wife's mother lives in the Villages too. We hang out with them all the time. I also recommend The Legacy Restaurant at Nancy Lopez Country Club.
    5
  20770. Looks beautiful!! You’ve probably mentioned this before but what are your favorite beaches to go to in Miami? I’m vacationing there this summer and need some recommendations!
    5
  20771. Absolutely Beautiful Bro. What a vibe up there on the mountain. You should have used your words for the video title. "Another Day Lived" Life is so awesome. That is living. I love those type of sunset vibes from the Caribbean Islands and most anywhere I can see a sunset. Ocean and mountain sunsets have to be two of the best sunsets we can experience. Thanks for taking us on the sunset walk up the Mountain. Was that an observatory on that mountain, what mountain was it? I also like to say "Another Day in Paradise. What the point in living if you can't feel alive! Keep living Bro. We can live our dreams. We just need to decide to do what it takes.
    5
  20772. My HOA fee in 2004 was $257. Today I’m paying $300 plus $85 special assessment for 15 years! We had roofs, siding and other issues. This year, we are short $ for our pool. Very poor management of funds. They should do small yearly increases like $5-$10. We also had to pay a special assessment of $500 for roofs (many years ago) and another $500 for fire alarms.
    5
  20773. LTC ins. Is a scam. My father in law paid for 25 years and he just died with them paying nothing.
    5
  20774. I could afford a 30K repair but don't want to with economy going to shit.
    5
  20775. I don’t ever want to be a landlord
    5
  20776. I like that it’s seeing a more intimate side of you!
    5
  20777. I've been here all my life born and raised in Bradenton Florida I have moved recently to Port Charlotte Port Charlotte is a very nice place being a resident of Florida all my life st. Augustine would be one of my first places I would want to live Key West being this second
    5
  20778. Nothing compared to Illinois property taxes.. I would pay Florida’s tax rate any day!
    5
  20779. Another great video Michael.
    5
  20780. Lol i was on a beach in France watching you walking on a beach in Florida. Elle est pas belle la vie ^^
    5
  20781. Not only Powell, please include Janet Yellen. We are in a recession; soon, the labor market will collapse, followed by the housing market as inflation roars. If the FED pivots and goes back to QE, the dollar will implode.
    5
  20782. why would anyone want a new mortgage right now?
    5
  20783. Love that you featured an Art Deco condo!!! This is the only one to pop up in my rec. I'd love to see more Art Deco featured when possible. I look them up for fun once in a while just in case I win the lotto. Thanks! Take care! PS your info tour is great.
    5
  20784. Do housing and hotels drop low prices during the Winter times in Florida? 🧐Thanks for another nice information video Michael 👍🌅
    5
  20785. 100 % agree Michael 👌🏼
    5
  20786.  @MichaelBordenaro  Thank you! On a lighter note, I leave for Florida for my move on Saturday ! :D
    5
  20787. My wife and i are millennials on the west side of Indianapolis (age 30/29), currently combined income around 110k due to wife graduating from nursing school during 2020. Thankfully zero loans as we cashflowed it, both of us had prior useless psych degrees but were fortunate with scholarships to minimize student loan debt. We are thankful we bought our first home in 2016 for just under 100k(we were 24/23 years old when we bought) Thinking about an upgrade home but even in a more affordable market such as the Midwest, the median home price in our desired area went from like 205k in 2017 to 333k currently. We have no consumer debt and try to live a Dave Ramsey ish lifestyle by cutting debt out so our plan is to pay down our mortgage and hope that the more expensive homes crash harder then our wonderful starter home, I'm new to your content, thank you for the video!
    5
  20788. Florida has some of the shadiest local and city government people in the country. Of course they would revise the flood insurance requirement AFTER insurance companies have already made millions. They will drag their feet a few months in the revision too. Florida is notorious for real estate and foreclosure shadiness. There was a story of a city government worker some years ago who bought up a bunch of foreclosures before they hit the market because he had access to the database. And he bought the properties in his mothers name.
    5
  20789. Beach videos are awesome :)
    5
  20790. I saw your video on reasons not to move to Florida. Please do one for Texas, too. 😀
    5
  20791. Thank you very much Michael very interesting, nice properties under $200k my wife and I love the East Coast of FL unfortunately not Ready just yet 3 to 5 years we got a bit to go...🐡🐋🐟🐠🦈🐊🏊🏽‍♀️🏄‍♂️🏝
    5
  20792. I remember when it just took one member of the household to support now we've had two members of the household and they cannot support. So now you got two members of the household that have to work 60 hours a week to feed theirselves..... United States is a piece of s***...... Were a third world country thank you Joe Biden.
    5
  20793. What about sea levels rising in the next 80 years and predictions most of South Florida will be under water?
    5
  20794. I read that renters in Oregon can run a daycare out of their units now......new law
    5
  20795. I am new to your channel. Your Dad gave a phenomenal talk regarding parenthood and more. I am in my 70s….moved from NJ to AZ. In my 50s…..continued my career. Retired at 65….The main reason for my move was to be in better weather and near my grands. You must do what is best for you. Yes, children need to stay in contact with parents. As we get older and for me isolated with this pandemic. My daughter and grands FaceTime daily. I see them outside at a distance. I may take this disease too serious. Your Dad is a very wise man and had me teary eyed at times. Excellent video!
    5
  20796. Another informative video, Michael, thanks. I'm still hoping to relocate to the Melbourne area later this fall, but since it's only myself, I'm beginning to think that maybe buying a condo would be the best bet, since if I were renting I'd have no control over rent hikes.
    5
  20797. How do you find so many things to say everyday? I wish I could non stop talk that much
    5
  20798. I love hearing your flip flops slap the sidewalk, as you walk down the street. Confirms the spirit of a relaxing, beautiful, time-constraint free day you are enjoying! Good for you, Michael!
    5
  20799. Was in Siesta Key yesterday. Beautiful wide Beach and great town. Definitely on my list.
    5
  20800. Developer is doing them a favor if the building has not been properly maintained during its life ( as most have not). Getting 2x market value NOW without having to spend a dime on repairs and/or maintenance to meet 40 year recertification standards is a gift. What will be sadder is when the time comes to repair the building and most can't afford it OR they have to evacuate because the building gets cited as an unsafe structure by the County/City and they have then look for a place while still paying their old mortgages, taxes and maintenance fees. This has happened post Surfside. Grab the money ( most likely tax free gain ) and rent a nice townhouse out in the Western part of county that has green space, parking and pickle ball courts.
    5
  20801. Columbia the country requires 40% down 14% APR We are spoiled rotten here.
    5
  20802. California love Tupac
    5
  20803. Good to know!
    5
  20804. Right now we live in the era of where Richer get Rich and poor get poorer.
    5
  20805. Thank you for offering great insight into the current - and challenging! - market:) Wishing you continued success in 2022!
    5
  20806. Like when its 40 outside which isnt too bad in most stated but the windchill drops it to 20 lmao
    5
  20807. Ticket master is the scammer. That’s the biggest best scam of all.
    5
  20808. I lived in Huntington Beach, CA and Ocean Ridge, FL. While CA was much more scenic with diverse terrain not flat like Florida, the people in CA were too one-dimensional and superficial for my liking. Not enough people from the NYC tri-state area, where people are as real as real can be! Florida was just too hot, too humid and had too many bugs, and while I don't like extreme winters at all, I love the climate here on the Caswell Beach area of Oak Island, NC. Not a "touristy" beach due to parking restrictions, with Winter months with daily temperatures that rarely dip below 50. I've seen men in shorts in December, and I prefer to go to the beach with my dog on days when outside temperatures average between 55 and 75. Plenty of people from NY and NJ here, so I don't feel out of place with my "accent."
    5
  20809. Jumpstarting the forced sales
    5
  20810. I also believe people have been “price conditioned “, so that any slight drop in what they perceive is a good value might trigger the buy response. I know this is a phenomenon that occurs when car shopping.
    5
  20811. Thank you for your honesty Michael, it’s much appreciated. I bought a house in Florida with the intentions of living there but due to life circumstance I need to sell, I’ve already put quite a bit of money into fixing it up. Can you please share where to learn about investing in silver, gold and bitcoin?
    5
  20812. I wish it was 30 where I'm at. I would start sweating if I felt 30 right now. Minnesota too cold.
    5
  20813.  @MichaelBordenaro  Yeah and there's literally no jobs except Publix there too that's another reason why the values are dirt cheap.
    5
  20814. Been looking in the Cave Creek area in Phoenix to buy. Every million dollar home sells immediately. Happening in other cities near Phoenix too. Dont get it. Is everyone loaded??
    5
  20815. I know in AZ they still had the law you could choose to face your accuser in court concerning a ticket. That would be the police officer that issued the ticket. Since cameras can’t meet you in court people discovered the ticketing was illegal and stopped paying them. The camera company, Redflex Traffic Systems, was paid from the tickets so they took them down and left town.
    5
  20816. A lot of people are moving from Miami/ft Lauderdale area to northern fl.
    5
  20817. More things..more problems
    5
  20818. I no longer blindly "trust the experts", including the National Association of Realtors!
    5
  20819. you will notice the hot,humid climate;but also the flatness,which to me is a plus for drivving: you will notice how easy it is to drive in Florida,so flat.
    5
  20820. I knew a guy who burned down a drug house. He went to prison and when he got out he had to pay back the insurance company.
    5
  20821. Please make a video on what places are family friendly and safe to raise children and good school areas please I am really really want to move to Florida so bad
    5
  20822. BitCoin goes up and all the sudden we are sunglasses by the bulk lol
    5
  20823. Funny how you cited a property that costs $1 million. 5 years ago, the house is worth $700K, 10 years ago, the house is $500K. So if you locked in the interest rate then at 2 to 4%, the interest rate payments are locked in and after 5 to 10 years, more money is going to principal. The landlord will do minimum fixes to the house. He won’t replace a faulty door. He will merely repair it. A homeowner can decide how much to sink into maintenance. After repairing, you can pretty much coast.
    5
  20824. You mean, Cape COMA. My late uncle lived there for many years. Beautiful home, nice neighborhood, super quiet, but B-O-R-I-N-G. You will need to drive to Ft. Meyers to do anything outside a limited few restaurants or entertainment venues. It's a very low key, low energy place where NOTHING happens. But, some may be attracted to a place like that......I would say it's the complete opposite of Miami.
    5
  20825. Always a thumbs up, for the golf cart tours of The Villages...
    5
  20826. Great info in this one!! Just like always 😊. So many factors to think about.
    5
  20827. Just another day in paradise 👍
    5
  20828. After my last live in relationship that lasted 10 years lol I didn't leave with much so I had to go to the dollar store and get a bunch of stuff just to tide me over till I could get good stuff, had two carts apologize to the lady that I had so much told her that I just broke up with my girlfriend and had to move back into my house so do I get the Heartbreak discount, she laughed pretty sure she only rang up every other thing.
    5
  20829. Now you’re from where I was born. Living in Ohio now but cali boy for life
    5
  20830. This new ticker/flip thing with YouTube showing the number of viewers/watchers and how many likes you are getting every 17 seconds is utterly fascinating. I just keep staring at it!
    5
  20831. 😂😂🤦🏼‍♀️ I laughed so hard during this one. The 5 million house looks like people who were successful drug dealers in the 70s and never joined the Human Race... Lol Oh my God. The trash bag. Junk in the Shower😖 Oay.
    5
  20832. Houstons is one of my favorites. i think aventera mall is one of the best in country honestly.
    5
  20833. I just cancelled my condo rental in Indian Rocks for Sept. Just dont want to take that chance.I will reschedule when ..I GET THE MOVING TRUCK FULL !!!!! LOL!!!
    5
  20834. In California they do have the California Fair Plan Insurance which is the insurance of last resort.
    5
  20835. Very pretty neighborhood 😍
    5
  20836. When you lose a home and rent is more expensive there is something inherantly wrong with the economy...no one explains how downsizing is even possible at any cost when rent still cost as much as a home...
    5
  20837. Napa Michael has a ring to it.
    5
  20838. Good video Michael although you were coming down hard on Sanibel Island lol. I thought it was really nice drive around the island when we went. I think they want to keep it underdeveloped and limit the number of cars parking . We saw a lot of bike riders when we went . Thx for sharing!
    5
  20839. This is my place hhh I love plastic surgery
    5
  20840. This is capitalism - that’s how it works. No one complains when the market is good. Guess what? The US has been living in la la land for so long, people just don’t get it.🎉New houses = 4 bed, 3 bathrooms, office, 2 car garage, etc etc etc. add gym memberships, $6 coffee, $200 shoes, and trucks/SUVs instead of smaller cars? What happened to more modest lifestyles which can be quite comfortable. The American dream has become nothing more than debt to have all the bells and whistles now!
    5
  20841. Wasnt there an earthquake recently caused by some military practice event. I saw something about a week ago but cant remember if its Clearwater area or Miami.
    5
  20842. Hey Michael, how about your top 3 spots outside of Miami you liked as a possible new home?
    5
  20843. I have to admit your videos are depressing but the truths always hurt lol
    5
  20844. The seasonal job market will carry the economy for the 100 days of summer, then the recession lag hits the job market going into the fall and winter months, that's when unemployment and job loss will rise significantly.
    5
  20845. The way you think through ideas is seriously great. It seems like our government thinks about ideas for five minutes and then acts upon it. There's so much to think about before taking it into action.
    5
  20846. Selling home in ny and moving to fl..home to build is around 500k..thinking maybe rent and let things calm down and then build..
    5
  20847. I think our gas prices were lower because Governor DeSantis suspended the gas tax but that ended in November so they will probably sadly keep going up now and again when the feds stop selling the oil in our emergency reserves.
    5
  20848. Michael, what would you do if you found yourself homeless? Who knows what's around the corner in this day and age.
    5
  20849. Melissa Poffenberger I’m a “poor” worker and I just recently bought an affordable condo under $100k with HOA ~250/mo. It’s in nice community in decent neighborhood with security patrol, pool, clubhouse, tennis courts, etc. i save about half of my rental cost. homestead exemption helps with low cost condos.
    5
  20850. Fantastic video! Love the guitar videos! More, please!!!
    5
  20851. Michael the resort you are staying at doesn’t have a whole lot of people because everyone is broke is my assumption. Looks awesome though. Hope y’all have a great time!
    5
  20852. Another interesting and relevant video, thanks!
    5
  20853. I used to live in Jacksonville about 6 miles from the ocean, loved it, love Saint Augustine it's so damn quaint and pretty close to where I lived 😁 I moved back to New England as I did a work transfer and technology wasnt cooperating when I was in Jax but definitely loved my time there😁 the only thing I do not miss in Jax is the insane traffic and crazy drivers but other than that I loved it😁
    5
  20854. Michael, as a relatively new subscriber I have to say you have one of the better -if not the best- real estate channels on YouTube. I have recommended it too many people, one of whom is an english teacher. She praised your ease and articulation in explaining the intricacies of the market with one exception --- your use of "less" instead of "fewer" and vice-versa. With that solved, she thinks you'r perfect. 😄 PS, I think listening to you has saved me a lot of money.
    5
  20855. After housing crash and inflation goes down, rates will go down to 1-2% and housing will stay low with low rate. It will be like that cos inflation would eat wages and it will take years for wages to go up and allow ppl to buy real estate. Remember this.
    5
  20856. With 30 - 40% increase in real estate prices over 2 years ending shortly after the rates doubled in 6 months (March to September 2022), prices will need to correct significantly for sustainability.
    5
  20857. I rode through Clearwater Beach today...so many similar, older condos around this area. And I'm sure every single person living in one has been having this on their mind.
    5
  20858. I have not been to that very place since the 90's. 3:50 I used to fish there with old friends.
    5
  20859. Michael do you think we could see 16 % percent fixed 30 year interest rates again as they did in the eighties I believe it was ?
    5
  20860. The person with that house they paid $950k for in 1998 is going to clear potentially close to 8 million dollars in 25 years for holding that house. That's $325,000 a year to live in a Miami Beach mansion haha. Talk about a great buy. Granted, I understand property taxes and maintenance on the home, but still definitely clearing $250k+ annually after expenses.
    5
  20861. I think all Florida is in the same boat, not only the west coast of Florida. I lived in Sarasota for a few years and we never had a hurricane hit, but now it did. You never know when a hurricane will hit Miami and if a Hurricane like Ian hits, would be nothing left of Miami either, and one of this day a very strong Hurricane will hit Miami.
    5
  20862. Feel the same way when Im traveling and coming back home to NYC, congested, crowded place.
    5
  20863. Love St Augustine! Also enjoyed the area from about Vero Beach to Jupiter. But I live in my favorite place, Key West. Enjoyed the show thanks.
    5
  20864. Don't go to San Francisco bro. San Jose is good enough going north. Safe travels.
    5
  20865. I'm Canadian and heres what I've heard regarding our housing situation. It's primarily China, and maybe a bit of large hedge funds (Although I never heard that they were bying houses in Canada, just that they were buying houses). I have a Chinese co-worker and they have explicitly told me that Chinese people are buying up all the houses in Vancouver, BC. It is because of a flawed mentality the Chinese people tend to have, but I won't get to into that. On top of buying the houses I have also heard rumours that the Chinese owners claim refugee status to avoid paying any taxes on the property. It would explain why there is already a set tax rate for when the ban is lifted.
    5
  20866. It’s a strange economy to predict right now because high inflation and record consumer debt point to a recession in the future but there’s also plenty of jobs available if people want to make extra cash to help pay the bills. I don’t like the direction Washington is going right now they have no problem continuing to bury our country in massive debt but we’ll see.
    5
  20867. Im always looking to buy but at my price.
    5
  20868. It’s all about the law of supply and demand
    5
  20869. His name is Michael Bordenaro and he was portrayed in a movie as a character named Mark Baum,and he calls bullshit on the whole thing 😎😎😎
    5
  20870. Thank You for the Beach ⛱️ 🌊 and another solid video Michael!
    5
  20871. GREAT video !!!......Truly an objective comparison between the two states........Michael, this is very valuable and helpful information you provide to all of us.......Thank you very much........
    5
  20872. Absolutely Mike... My prop tax bill went from 1700 (prev owner) to now 4800.. Wish my realtor had warned me about that before I signed papers...
    5
  20873. The closer and closer i get to moving to Florida , your video's help out do much. thanks again for the time and Efford you put in to your video's. looking forward to the next one
    5
  20874. Im in West Denver, Golden, Arvada and homes are going under contract in 3-5 days, multiple offers. We've seen very little decline in home prices. I keep waiting for this correction / recession and I'm not seeing it with the little inventory.
    5
  20875. One of your Canadian viewers here. I've been salivating, waiting for everything to crash. It's coming.
    5
  20876. If you had visited LA on your first trip to California you would have been less impressed with California. San Diego is so much nicer than the gritty dirty crowded streets of LA. San Diego is the best part of the state.
    5
  20877. 😮😮😮😮😮😮😮😮😮 BUYERS BEWARE ❗️ESPECIALLY NEW HOME BUYERS. TAKE YOUR TIME. LENDERS WILL TRY TO STEAL FROM YOU. MAKE SURE THAT YOU ARE DOING BUSINESS WITH SOMEONE WHO HAS BEEN IN BUSINESS FOR A LONG TIME. Blessings, Carlos ✝️🙏❤️😊❗️
    5
  20878. Michael 96k going on 100k! 👍 Redfin and Zillow are Cheerleaders. Yes, nothing wrong with renting right now. Happy Sunday and Thank You!
    5
  20879. Paycheck to paycheck is the same for most and me too
    5
  20880. I live in SD CA and the housing market has gone down, people are not buying as much. A lot of people from the Bay moved to SD since they could work from home and that impacted the housing market immensely. A lot of lower-income people are moving out fo SD since they cannot afford the 2700dls for 1 bedroom in a crapy area appartment. My biggest argument is that these greedy investors are pushing away front-line & essential workers that support big business. There is a food court close to the office I work at that hasn't opened yet because they can't hire enough employees to keep it open. Because these people can't afford to have jobs like that and live in SD. It was supposed to open about 4 months ago. The economy cannot only be supported by people that work from home, its impossible. People are so greedy and selfish it's annoying. Why can't we just all help each other and be reasonable with prices??? Thx for a great video :)
    5
  20881. What an amazing video, to see everything in almost real time, Well done
    5
  20882. Great advice as usual.
    5
  20883. I bought a new construction in 2014 just before the “2014 crash” it was our first home for $151K it is my plan for retirement investment as there is no cheaper place to live than a paid off home.
    5
  20884. "Sometimes the source is me" I love it
    5
  20885. Just do what you do, Michael... however you want. Don't burnout. Love your content!❤
    5
  20886. Can you make a video regarding estate planning and taxes, etc.?
    5
  20887. Happy haircut bro .
    5
  20888. Is the seaweed a problem at the miami beaches every year ? I remember last year was real bad. And now I see that its back again this year.
    5
  20889. Hey Michael, we are looking to move to Florida in the next 2 months. My wife and i have 3 kids (5,10,13) and we were out a few time looking in the Tampa area (Fish Hawk) and really like it there, but we are courious about the East Coats side. I am an Insurance adjuster so i need to live closer to one of the big 4 cities, Miami aside where would you recommend for raising a family, safty, and still being able to enjoy "Florida" Thanks man
    5
  20890. I'm all for buying real estate but right now is no better than 3 years ago or in 2 years. It depends on your situation.
    5
  20891. There is "good" debt and "bad" debt, but the worse kind of debt is any debt that causes you to lose the roof over your head in a time of crisis. I can't think of any debt that is worth losing my place over.
    5
  20892. FHA people are smart 1, Close on the property 2. Make no payment 3. No worry FC. 4 Wait for phone call 5 Get loan mod 40 yr loan 6 Maybe bank 12 mths of the house payment. I call this program "the Brandon - you know the thing mortgage program".
    5
  20893. I love the walk and talk content❤
    5
  20894. The issue with Moving to Florida to avoid state taxes at their home state, is they now pay higher home insurance and no rent control, and plus to deal with hurricanes 🌀 😮
    5
  20895. Absolutely yes. It's trendy to dump on Ca. on the internet, but I'm willing to bet most of those people haven't lived in Ca. If you avoid the inner cities (LA & SF) Ca. is still a great place to live. This summer it's been a perfect 65 degrees F every day , while the rest of the US has been hot & sweltering. The usual problems of traffic, pollution, ultra liberal politics still exist here (No. Ca.) but IMHO I think it is worth it. You only live once, so I would give Ca. a go. Just keep your Florida properties in case you want to return to Florida.
    5
  20896. LA is about to give 50k Blacks a 5 million each in cash. WTF? Guess who’s going to be paying for that? It’s time for a “Great Reset” video. A lot of what is supposed to happen with that is actually happening now.
    5
  20897. South Florida is so done. I’ve been on traffic for 2 hours all week. There’s no thing as traffic hour in miami. More like traffic day. Hate it here.
    5
  20898. There is a golf cart store near each of the squares and more.
    5
  20899. My stepsister and her hubby are there right now! Just got there yesterday for two weeks. (They are full time RV'ers.) Such a nice area!
    5
  20900. I'm 39 and am planning on retiring overseas myself. Im looking at Spain, Argentina, Mexico, Belize, and Costa Rica. Argentina seems to be the cheapest option, but they do not have a tax agreement with the us, so i might be paying double tax.
    5
  20901. One of the greatest lines from the movie The Big Short was on the 'garage band hedge fund' and their investment strategy....'people don't like thinking about bad things happeneing so they underestimate their likelihood of occurring..' All of these experts keep making bullish or soft landing predictions on the market and I can't help but think they're doing the same thing they did leading to the housing market crash in '08. If you took a $330K mortgage loan at 2.8% you would have a $1,225 monthly payment. In order to get that payment today. with the urrent interest rates you'd need to take a loan of 'only' $175K. Housing prices went the exact wrong direction they should have after the MASSIVE interest rate spike and home sales are at the lowest since 1995 and debt-to-income ratios are at record highs. Maybe I'm wrong, but it just seems more like they are not wanting to even think about how bad this is and how much worse it may get.
    5
  20902. I wonder how many of the nay-sayers have actually lived in California ...
    5
  20903. What a gorgeous day in Miami! I love seeing those green lawns. We are in a MUD( never again) and barely have enough water to shower and do laundry. The yards are dead since we cannot water them and a very dry summer. If anyone thinks about buying at some time please checkout the MUD and the taxes that go with it! Unbelievable! 🎃. Always enjoy your walks and video content.
    5
  20904. I don't understand why investors were crazy buying up while families were trying to buy, but now that families backed off so did investors? Is it because investors use cheap debt too? I thought they buying with cash?
    5
  20905. Hey Michael, my parents live in auburn CA, the foothills about 30 miles east of Sacramento. My parents are smack dab in the middle of fire country where PG&E’s lines have caused fires. My dad hasn’t had a claim in 40 years and he was just dropped by USAA. My dad put a new fire roof. Sprinklers. Cleared all the vegetation away from the house. He is fire proof and it doesn’t matter. My parents are 80+ and this is gonna push them to sell their dream house cause he doesn’t want to go without insurance. It really sucks.
    5
  20906. This is the route I'll most likely take. Thanks for covering this. I suggest you do a deep dive on the prefab, sustainable, ect housing market. Just a thought. All the best!
    5
  20907. I think Vero beach is where it slightly begins to change a little bit but obviously it’s not until getting near St Augustine that it’s more noticeable but like you said there’s still unavoidable heat / humidity even up here at Saint Augustine beach some days with July / August looking like the worst time of the year but like you mentioned there’s relief at night time compared to Miami and you still have some nightlife unlike at Palm Coadt and Flagler beach
    5
  20908. I do enjoy these videos.
    5
  20909. ☝️🥸,, the West Coast ALWAYS leads the country in economic, technology, innovations etc, It has historically takes about 3 years (+/-) to reach the East coast.
    5
  20910. Great job Michael. MB is great anytime of the year. I like North Beach because it is always far less crowded than South Beach which you mentioned!
    5
  20911. Nothing makes sense anymore. Whatever happened to the 1% move on mortgage rates 10% move on real estate pricing rule over the last 3 years ?
    5
  20912. Agreed. The rate is not high enough and still people expects interest go down. Indeed, Fed is is not doing a good job.
    5
  20913. Yes, that unoccupied building you showed initially can only be razed and developed fresh
    5
  20914. You are correct ☝🏾 a majority of videos talking about "best cities/towns" to live in Florida are uploaded by persons who never set foot in the state 😲 I also agree with you on St Augustine, which is also close to Gainesville (Alachua County) a city I really admire 🤠☝🏾
    5
  20915. Always looking forward to your daily updates !
    5
  20916. I was in the doom porn category a bit until I started charting the real estate data for Pinellas County, FL. If trends hold up, we will be back to 2018 by December with regards to median time to contract, median time to sale, inventory and median percentage of list price. I wouldn't call it a cliff yet, but the decline sure looks steep and the magic 8 ball cannot see the bottom.
    5
  20917. Michael, thank you and your wife for sharing your great day there in San Francisco. To see the other sail boats out for the day in the bay was so beautiful. I laughed and was hoping that the yacht with the blue sail was not going down!! But when I saw the crew had shifted directions of the yacht's sail then they were good!! Wow, nice!!! Also, you passed the famous Transamerica Pyramid Building (triangle point building) there. I have always enjoyed walking by that this building on my layovers there. Furthermore, I have always enjoyed walking down to Fisherman's Wharf area passing by the famous submarine that is there and to going to buy my chocolate at the Ghirardelli Store. But you two had the view from the water looking at the downtown area!! And going underneath of the world famous Golden Gate Bridge is so wonderful to see from the water!!!!
    5
  20918. Mike, You can't trust the government's numbers ...... they lie about everything ....i.e. Ukraine is winning ...... Yeah, Right !
    5
  20919. I appreciate your channel.
    5
  20920. I’m so thankful that I’ve found your channel the way you explain the economy an how it’s doing has helped me grasp this harsh reality that we are living. I’m hopeful for tomorrow but I’m not holding my breath. I live in Florida as well I love it here but it’s very costly if you don’t have a stable income thank you for sharing your perspective i greatly appreciate it 😊
    5
  20921. Im looking at a house, just found out its $2,400 a month. House isnt new amd its not that big. Nope. I told my wife lets wait a few months
    5
  20922. I've heard about the cheap living in Texas. My mother's from Texas. all the time she keeps saying "it's too hot there. I can't stand the heat". but, at the same time she complains about the cold.🤣😂😂😂 Texas was on my list of places to move to. The cost of living was a big reason. but as you know, Florida is the state I've chosen to move to.
    5
  20923. Booyaahh! 👍 Happy Saturday
    5
  20924. It’s a time capsule! Good to see her still fighting the good fight 👍🏼
    5
  20925. @5:20 Rental income is taxed the same as ordinary income (i.e. the same as W2 income and the same as stock/mutual fund dividends and the same as IRA/401K distributions). The benefit of rental income is the expenses you can deduct (property taxes, insurance, repairs, HOA, assessments, depreciation on the property, etc.) But, true, one can effectively get the rental income down to zero (or even a loss) for tax purposes.
    5
  20926. What about Tampa or Naples? Lol. I’m excited about this tour though!!! 🚗😎
    5
  20927. don't you need to be employed in order to qualified for a lower rate refinance loan? On economic downturn tremendous importance keeping yourself employed. I don't think there will be a soft landing either. All financial indicators are heading right towards what you have been saying Micheal. Thank you for doing what you are doing. Alert messages is straightforward and worthy. We experienced that mess in 2008 and it was painful all around. It pays to be aware ahead of time.
    5
  20928. Another day in paradise with Michael ^^
    5
  20929. Downtown Pensacola is growing so much. The East Hill and Tanyard communities are great places to invest/live in. Walking from your home to grab a Graffiti Pizza then walking to the Blue Wahoo Stadium to watch the sunset and people watch is always a good time.
    5
  20930. I had hoped the market would "crash" so I could afford to buy a home. I've finally accepted the fact that I've been priced out of the real estate market, trying to come to terms with be a renter for the rest of my life 😕
    5
  20931. The problem with dating apps is this: The guys who get dates using Tinder/Bumble ect. would have got them in-person without the need for the app. The way the apps were designed were for people who trapped in introversion. So unfortunately certain men get both the extroverted women and introverted women. And its a very low population of men. Thus ruining dating for actual men who NEED dates. Its like an MLB player being allowed to play in little league with little boys. I guess they need to feel like a champ with their entitlement complex.
    5
  20932. Completely agree (and I use dating apps). I think the apps distorts people's view on reality and cause people's social skills, at least face to face, to diminish to an extent.
    5
  20933. Lovely video bro. I came here from an LA vs Miami comparison search. I like both states... But when it comes down to it, I legit hate rain clouds with a passion, I hate it when the ground it so wet and even flooded, I hate the moody atmosphere the grey skies creates, forcing everyone to be indoors, and the BUGS it brings, jeez!, that's really something to talk about... I honestly would much rather suffer through a week of earth tremors than one day of Hurricane or Thunderstorms.
    5
  20934. Love this! I live in the Tampa area and I wish I could see more of Florida. I’m super excited for your travels . I don’t think I’ve ever been outside the Tampa Bay Area
    5
  20935. I have been watching some Ken McElroy videos. He is a wealthy real estate entrepreneur, specializing in large apartment complexes. Right now, there is a moratorium for renters and those with mortgages who cannot make their monthly payments; however, the moratorium cannot last forever. McElroy gives a convincing argument that once the moratorium is lifted and there are tens of thousands - if not hundreds of thousands - of renters and those owing mortgages who still cannot make their payments, that there will be a flood of properties coming onto the market, which will make property values plunge. I am going to wait and see what happens to the market.
    5
  20936. You are right, this place looks like Celebration, Florida, near Disney World. Beautiful! I’ll bet houses cost a pretty penny there, and I would imagine that the HOA’s are high. That being said, if you can afford to retire there, that is great! What a fun area! Love it that anyone can at least stay at the hotel! Beautiful hotel! Looks like Lisi got to go back to her shop the next day, after it reopened. Looking forward to seeing more of your videos on this area! Thanks for introducing many of us to it! I definitely want to check it out, when I am finally able to get out that way!
    5
  20937. I'd have to say it's nothing like KC. Country music isn't big in Kc, maybe the rural areas of Missouri but not the city. And Kc is a major city with world class amenities and attractions and a skyline. As well as the National WW1 memorial.
    5
  20938. Hopefully, it was a couple that was retiring, and this gives them a nice nest egg. Or I should say they can buy eggs, milk and gasoline. ;)
    5
  20939. Could you drive a golf cart from one village to another? Thank you.
    5
  20940. Love your video. I’m planning to move to FL too.
    5
  20941. St. Aug looks awesome! But just like you said, the crowds and prices are keeping me away. I definitely want to go visit though! So many interesting things to see and do.
    5
  20942. Good heads up on the predators and scams
    5
  20943. Dear Michael, when could you let me know when is good time to buy home there? please
    5
  20944. It really is beautiful and peaceful there. Thanks for the tour.
    5
  20945. My Home Depot went down from $5000 to $500 this was on the pandemic 2021.
    5
  20946. Come on, another 08 baby.
    5
  20947. Excellent and informative video,...again. The number #1 reason why my girlfriend and I will never buy in retirement is because you never know if an area will turn to s**t. If you just rent you can pack up and get out,....if you buy you could be stuck,......and if the area goes down fast (and they can) you are living a nightmare. With all the ''uncertainty'' in the world,...buy anything with extreme caution. Just my humble(but usually correct) opinion.
    5
  20948. First comment
    5
  20949. Our bank, which began as a credit union, announced yesterday that the maximum withdrawal amount until further notice is $500`a day. I can hardly believe it. I'll be removing that amount three times a week and buying silver. Silver is already on the rise.
    5
  20950. Houses have doubled in price or more but they're coming down 15% from that so hey jump on it
    5
  20951. I wonder if they're also considering adding an EF-6 for tornadoes.
    5
  20952. we are just beggining to see what happens when u close an economy and leave so called essentials open, this is the beggining of the end
    5
  20953. You can make numbers look like whatever you want...
    5
  20954. Southern Ca. has the better beach weather, no doubt. But the traffic & larger population overall are deal breakers for me. I prefer Northern Ca. microclimates & scenery. Plus, not as many bugs & critters like in Florida. High heat & humidity are not my thing. Northern Ca. for me!
    5
  20955. Michael finally understands that we have crazy inequality. Now he wants socialism and wealth distribution. Which one is it?
    5
  20956. I've been to Wilmington Island Georgia that's kind of nice if you're looking to live along the ocean
    5
  20957. i dropped my insurance 10 years ago i've saved over $10,000 there rip offs i just hope i don't have a fire!
    5
  20958. How about not sending billions to Ukraine and instead help our own?
    5
  20959. I'm seeing more & more homes coming on the market, the houses that's been on the market over a week are getting huge cuts in the asking price... it still not enough though they are still overpriced but we are headed in a good direction
    5
  20960. Rather have leaf blower noise than non-maintained properties. Love your content, just a weird thing to get bothered by. Commercial guys can't use that electric crap You want silence, move out to the country...
    5
  20961. Happy birthday Micheal - from Northern Ireland 🎂🥳🎉
    5
  20962. I'm in a real dilemma. I'm single and I have the choice to quit my job and sell my house I just bought in Utah and move back down with family rent free until I can use my cdl to get a new job and house there, should I pull the trigger? Please help!
    5
  20963. I'm okay with still buying. I've seen the drops and the drop is certainly higher than 5%. - But I'm not in Miami. One thing I'll say is that insurance rates are really going up. I feel like we're playing that children's game where you hit one guy with your little mallot and 2 more guys pop up. 🙄😅😲 Thank you for always being so even-keeled and chill.
    5
  20964. Happy 4th of July!!!
    5
  20965. Enjoy your videos! Watch them pretty much daily! Lots of great info as always! Keep up the videos!
    5
  20966. Long story short, 'personally', if I had not climbed the mortgage ladder and continued paying the increased rents year after year, I would have ended up living in a van down by the river.
    5
  20967. Don't invite the Cali's to move to Fl.... Don't Cali our Fl! Hahaha
    5
  20968. I'm satisfied knowing that from my purchase date through now, over decades., my houses have only appreciated 2.5-3.5% annually. I haven't shared in any easy quick growth that wasn't of the catch up variety. Unfortunately, the taxing authorities are going after the recent growth with intense greed, gifting themselves with 17.5% just this year.
    5
  20969. They may change the name from the beige book to the brown book 💩
    5
  20970. Great video!! It's crazy how almost every person I've ever known personally have lost their house. I had a family member who left Miami about 16 years ago and got a house up North. Withing 5 years that person was struggling to keep their house. They eventually lost it in 2013 & the bank took it. They now are back in a tiny apartment on section 8. Buying a house terrifies me. Although I'm very good with my finances, you just never know what life throws at you. These are some good tips in this video. I'm in my early 30s and really thinking about getting a house in the next 5 years.
    5
  20971. I've been a landlord since 1987 and you NAILED it regarding Section 8 and the pragmatic reasons why choosing a subsidized tenant is never a good idea. My go-to mantra has always been this: I DO have guaranteed rent, and it's in the form of a very strong lease and a very good lawyer, not Section 8.
    5
  20972. Miami is nuts, construction is moving ahead faster and faster. South Dade has thousands of apartments available new this year, and I see two more projects being built, one by West Kendall Baptist and another on the last U-pick veggie farm on 137 Ave south of Kendall. I can see rents dropping in a year unless the Fed's QE of 23 can reinflate yet again.
    5
  20973. Beautiful country, never thought about Utah looking like this. Your in the desert with flip flops, there are these things called scorpions 🦂 Be safe in your travels
    5
  20974. THEY'RE BACK!! SUCH A GREAT PAIRING!! YOU GUYS KEEP THIS UP AND YOU'LL GET YOUR OWN REALITY SHOW!!
    5
  20975. I come here for the comment section. Good content attracts GREAT COMMENTARY, thanks y'all.
    5
  20976. I’ve been getting an email scam making pretend they are for Norton antivirus and they build your account for $399 and then when you pull in today I didn’t order that, they will ask for your credit card to reimburse you
    5
  20977. Good video, Michael. Safe travels!
    5
  20978. Very true it’s not hard to become homeless it was very hard to fix it.
    5
  20979. home prices is so cheep and people are making tones of money and economy is in the best shape in US history :face-turquoise-covering-eyes:
    5
  20980. You don't need to do the walk around. 95% of us don't live there and we don't care. Compile your notes, make yourself comfortable and give it to us without your dodging cars.
    5
  20981. I’m sure he knows he doesn’t have to walk around 95% of the time,but that what makes him who he is! That’s the problem with many in this world, they are scared of being themselves,and care too much about what others think. I just purchased my first home over the weekend ,and got a great deal through negotiations and by the help of his channel!!! I felt prepared while buying my first home by watching Micheal’s videos for a while now. If you had been watching him for a while, he had mentioned a few times why he walks and hold his camera.
    5
  20982. Very nice video Michael. I enjoyed it. Thanks for doing it.
    5
  20983. The house in palatka looks like a boiled egg with windows lol
    5
  20984.  @MichaelBordenaro  thanks Michael. I'm just a human in progress. LOL. It's all a learning experience hopefully, resulting in a happier and healthier us and a decent human being to others. I believe in being kind to others, especially those trouble during need, and we always help within our limited means. I'm always working I'm being a better person.
    5
  20985. I keep listening your videos because they do make sense. Good work and thanks.
    5
  20986. There will be 3 more hikes on interest before this year ends
    5
  20987. I remember living in Central Florida, USAA would call me every year and offer me homeowners insurance. But they never checked my address first???? When I gave them my address they coughed and said we don't insure homes in Florida. This was back in 1995 thru like 2008. When I moved to Nevada in 2013 and they called me asking to insure with them I told them, you ignored me for 20 years and now you want my business? No thanks!
    5
  20988. Used to work for a home owners insurance company that was based in FL. Towards my last few years there it definitely seemed like they were trying their hardest to nope the f' outta Florida as there seemed to be no upside to insuring people for something that has like a 100% chance of happening.
    5
  20989. Merry Christmas Michael and Lizzy, blessings to you both 💕🎉
    5
  20990. Get the highest deductible available. Use only for a catastrophe. The insurance companies hire thousands of attorneys that will look for anyway not to pay. Insurance is a scam.
    5
  20991. one reason, to raise a family in a stable environment while the kids grow up.
    5
  20992. Musk wants to monetize videos on Twitter! And you won't have to worry about demonetization if you don't tow the Democrat party line.
    5
  20993. looking good in those shades my man!
    5
  20994. Come to Carlsbad, best town in Southern California hands down!!
    5
  20995. 00:20 - 00:30 Ana Maria Island like South Beach??? LOL!
    5
  20996. Come on Michael, Spanish culture is awesome 😂😂 your reggaeton bit had me crackin up
    5
  20997. I visited San Francisco last year after many years of not going there, and I was shocked how much the city has degraded. Many years ago a foreign friend asked which city was a great city to visit and I suggested San Francisco. I hope this person hasn’t followed my suggestion. I feel embarrassed that I ever suggested it.
    5
  20998. Excellent video. 1) Caveat emptor [buyer beware] when buying a house! 2) Insurance in FLA is becoming a serious issue, and will become quite prohibitive for families now and in the future (even more of an issue than property taxes).
    5
  20999. i’m so proud to be from saint augustine! so deverse and always something going on, and so many food options for everyone!
    5
  21000. Very very smart. From the time you posted it till now you probably made 20% profit.
    5
  21001. I wouldn't let Bob N off the hook that easy that home Depot was his last CEO job. Bob was also CEO of Chrysler around last down turn. Bob milked Chrysler for lots of money when he worked for Cerberus. So home Depot wasn't his last job. He has more skeletons in his closet and been in hiding since. Not a fan of Bob. Ex Chrysler employee.
    5
  21002. I hope Mesa Boogie and LTD have considered sponsoring you.
    5
  21003. Hialeah is not on the list ? 🤯😂
    5
  21004. Hi Mike, Very sound advice. Thank you for the videos! Very informative. Are there 3 and 6 month rentals with the intent to buy in the Delray area? Looking for a town house or a house in a gated community. Tom
    5
  21005. TRUST ME, They are there. Try the Golf courses, pounds canals, lakes. They are hiding from you!!! lol
    5
  21006. Hi from Australia Originally from Europe. Still Alive here.
    5
  21007. Congratulations Michael! Keep up the good work 🎉
    5
  21008. I'm curious to know if homeowners in the "Ranchos" are having difficulty securing home insurance. Is insurance a pervasive problem all across Cali?
    5
  21009. I love these walking tour videos. gives me the opportunity to check it out with flying past by in a car. great work Mike B!. And I'm glad you're in the real estate and your own boss. Not having to have a boss on your back wondering what you're doing every minute. 😂
    5
  21010. Thanks for letting us know where you were for this shoot. North Beach. Agreed Tallahassee is affordable along with Jacksonville. In cities like these, you are absolutely on it when you say one may be better off buying, if they can afford it. We also have to remember home ownership is not only a place of residence, but also an investment. The benefit of buying, especially in a superhot market state like Florida even for a few years, can bring some good equity. The pandemic has changed the markets with telework. I don't see how we can go back now. Employees are demanding that they be able to work from home. The technology makes this a possibility; and, it has been proven going on 3 years now how the work still gets done. Businesses have seen huge savings by not having to maintain an office or even downsizing the office space, as not as much space is needed. I don't have the evidence, but I feel people moved out of some larger cities for smaller cities. Again, a cool interesting topic. Peace and Love Man
    5
  21011. Have lived in Washington State my whole life and can't wait to move to St Augustine!!!
    5
  21012. About time we all stop paying for the few.
    5
  21013. Opendoor has reduced their offer for my home 3 times for a total of 120k.
    5
  21014. No one’s buying these trash homes or hyper overpriced homes. Layoffs are going to cause another massive crash
    5
  21015. Keep pumping FEDS!! Let's start fixing this market!
    5
  21016. Glad I found this channel 💕 I’m not even planning to move . ☺️ I was just checking out where west Florida is . My friend moved from the Miami area to somewhere west . Anyway I subscribed because your videos are calm and informative and beautiful . Florida is beautiful . 💕🌴
    5
  21017. Won't affect me until Interest rates hit 15% again
    5
  21018. Grew up in southern CA and have had State Farm insurance for renters insurance / life / private disability / homeowners and auto - about 43 years +/- And no, I don't recall CA having a state insurance company like Citizens. They covered our home up north and now, down here in FL. Was talking about this with a friend and they believe the escalating cost of insurance premiums could push more people out of their homes than rising property taxes. Who can afford escalating insurance premiums? Mega corporations like Blackrock, perhaps? Keep up the videos Michael! Your manner of presentation is both very low key and personable while explaining what's going on in a clear manner.
    5
  21019. Thought of you when I heard
    5
  21020. Interesting. I will definitely be following the Cape Coral / Fort Myers area over the next year. The insurance issue does scare me though.
    5
  21021. At the end of the day, super high housing costs - vs - lowering wages .. is why things won't recover, never underestimate greed, the best option has been just to leave, move overseas
    5
  21022. Try being a musician. Gigs pay the same or less than they did 20 years ago. If you ask for more, they think you are a trouble maker. It’s sad.
    5
  21023. In 2015, I bought a beautiful, well-located 2/2 beachfront FL condo foreclosure on the east coast at a great price as a future retirement spot. I've kept it fully rented at $1400/mo but HOA has slowly increased to $500/mo., property taxes to $3900/yr., and $15,000 in assessments over the past two years are making it harder to hold on to.
    5
  21024. For the algorithm.
    5
  21025. Are reserves based on deferred maintenance only, or does it also include regular annual operating expenses ?😊
    5
  21026. Glad you already bought your condo! Talking about making a move at the right time! Good for you!
    5
  21027. Pressure washing buissiness would make good $$ in that area your walking. Love your content.
    5
  21028. If you do videos from your office does that mean the cutaway shots will be the toilet??? 😂 The horror!!! haha
    5
  21029. Your videos are so honest. I lived in FL and will move back soon. I will give you a call. Liberals in CA are insane. Today I went to Walnut Creek and they asked me for proof of vaccination to enter a restaurant! De Santis in FL is so much more competent and has common sense. They are closing In&Out for not discriminating customers by asking for vaxx card. I hate Newsom!
    5
  21030. Love living in North Carolina, I buzz down to Florida for a couple months in the Winter, and then I am done with Florida until next cold season, foothills of North Carolina real estate is still great
    5
  21031. Saying there is a shortage of housing is like getting out on the road in your neighborhood and pretending like none of the houses on the side of the street are visible. They didn’t bulldoze all houses over when Covid hit.
    5
  21032. Inflation is sneaky Home prices need to be adjusted for inflation The new $1 is $2
    5
  21033. Great show, check into the banks tightening credit. That's the black swan.
    5
  21034. I’m now thinking of buying a house at walking distance from the beach in Florida but only live in it from September-May and turn it into a summer rental in June July and August. During the summer, use the RV to travel across the country, going into cooler states. I have to do a Pros & Cons on that idea. Thank you for sharing, Michael.
    5
  21035. You’re the chillest guy ever Michael, keep up the good work man! I had a question about the Jacksonville area though. Would you recommend that area? I like that it’s farther north so I can leave the state easier during hurricanes and I also like that it’s a bit more of a “southern” vibe from what I’ve heard. Any input would be awesome! Cheers
    5
  21036. Not financial advice: One could be confusing overly inflated asset value with globalization. If it's overinflated assets it'll come back down. If it's due to globalization we're only just starting. They would both look similar to the observer.
    5
  21037. I guess we all just have to sit and watch what goes down. That place in Macon looked pitiful. I know someone in NY who buys foreclosed multi properties, fixes them to a bare minimal and rents them to college students. They trash places anyway. You sick? See a doctor. Your car breaks down? Get it fixed. Have problems budgeting or spending money? Get help. Otherwise, you’re going to be like a crab in a bucket. You’ll fight to get out and never will with others holding you back. Best of luck people. Thanks Michael for sharing.
    5
  21038. I got 1.9% rate in Montreal til 2027.
    5
  21039. Please tell me im not the only one who enjoyed getting laughs at some of those boat names. Think my favorites were God's Plan, Me Gusta and All In.
    5
  21040. So glad you are safe Michael 💔
    5
  21041. Do you think we could see 2019 prices again next year?
    5
  21042. Great video Michael! We appreciate the insight. My family and I are moving from Springfield Illinois to the Tampa area next year! This video was a great way to start my day as I head into work. And our current gov. Jb pritzker , is as corrupt as the rest of them. We all hope he gets thrown in prison too. Can’t wait to have a governor like yours!
    5
  21043. Great video Michael. Nice to see the different layouts of the houses within the same area. Some are really well designed. I vote for more vídeos like this.
    5
  21044. From Ca , have lived in Orlando area 25 years. Miss the mountains and hate the summers here everything else is good except the traffic ,
    5
  21045. What is the objective for taking a HELOC loan? (specific objective)
    5
  21046. I'm all in for this! I'd suggest analysis on South Florida or Orlando if possible! :)
    5
  21047. awesome guide!
    5
  21048. I live in NYC & I finally convinced my bf to move to Florida with me in the next few years. I’m over snow ! Florida is so beautiful, I’ve been twice. Do you mind doing some videos on Tampa bay ? I’m gravitating towards Tampa
    5
  21049. If you live in a house that you own clean and clear, stay there. Learn to do deal with it. Save yourself from possible problems selling to move. Especially older owners on fixed incomes. Too many BS’RS looking to fatten their wallets. Did I miss something in January? + jobs? The Fed I think will leave things alone. My father in law has a great financial planner who has everything set for us to take over and not blow. I really feel for this younger generation.
    5
  21050. Beautiful beach.... perfect weather in perfect city...😎🌞 Thank you Michael...👍
    5
  21051. As a builder of homes I need to make a correction. Equal build out, a larger home always will be lower pdf than a smaller home. Why? Your soft costs will be similar yet more SF will dilute PSF amounts. Plus there will be quantity discounts in hard costs.
    5
  21052. You are our "boots on the ground" guy here in Florida. My wife glean valuable information from every show.
    5
  21053. Merry Christmas to you and your family Michael!!!
    5
  21054. If my car breaks down I'll just walk to Walgreens for everything LOLOL
    5
  21055. If I ever move back to Miami Beach (in retirement in a few short years), I hope to walk everywhere. But with the increasing congestion, housing costs, crime & crazies in S. Beach that's looking less and less likely to happen.
    5
  21056. 13:05 - Perhaps the most important thing I've heard regarding refinancing..a brilliant point! Thank you for the content, Michael.
    5
  21057. My wife and I are from Utah and we are tried of the winters here. We have been binge watching your videos and really don’t know where to end up. We were looking in the Tampa area but a suburb like Brandon or Riverview. We are a young couple and will be probably starting our family here soon.
    5
  21058. Thanks a million Michael, I have learned so much from watching your videos. I don't have any plans to move right now but it is my thoughts from time to time. I have a few favorites to explore on my next trip to Florida. 😎😋
    5
  21059. OMG!
    5
  21060. Hi Lizzie and Michael! Safe travels, and enjoy your vacay. Audio was fine.✌️
    5
  21061. Great advice! Never ever ever buy a property with an ARM loan. This is a bad decision that you will very likely regret later on.
    5
  21062. It’s sad for people who got taken advantage of and stupid of people who just don’t care. Have fun in California! I’m up by Tahoe. The whole state is pretty amazing besides the politics😬 I have a boat in half moon bay if you guys wanna go fishin!
    4
  21063. GREETINGS MICHAEL 🏜🎅🌴
    4
  21064. I’m driving and camping from here on out. It’s actually getting harder to get a site in a campground. Here in FL we have a lot of day trips we can make to beautiful locations, too 🌊🌴
    4
  21065. Very interesting almost want to visit there.
    4
  21066. I’m a reason #5 guy. After seven years in Florida, I needed a change so moved on to the volcanoes, beaches and beautiful women of The Philippines. But I have a feeling I’ll be back, to the clean environment, safe roads and wider food options of the states, and Florida is high on the list for the beaches, no state income taxes and tropical environment. I’ll probably end up splitting my time between there and SE Asia, plus some other travels. Life is rough, eh?
    4
  21067. Love Surfside. Probably best place to live in Miami Dade. Fairly quiet and clean but right next to the chaos for when your seeking it.
    4
  21068. You made great and smart coments on the current economy.
    4
  21069. Hey!
    4
  21070. Hard agree on that weather, although I'm experiencing similar in California right now, it's more so the fewer taxes and homeless that has me wanting to switch coasts.
    4
  21071. College is for dummies unless you are doing law or medicine. A 4 year degree in drinking is the majority.
    4
  21072. I was surprised that housing is so expensive there. I honestly wouldn’t choose to live there even if I could afford the housing.😆
    4
  21073. Whatever is most comfortable for you bro! Yes we have had some beautiful days here in Miami recently
    4
  21074. Open Doors, Zillow, Trulia are well known for exaggerating their valuations. Time for them to go under.
    4
  21075. I am your follower from India, your commentary gives me an idea what I need to do in future.
    4
  21076. First 🥇
    4
  21077. The value of land is determined by what people can afford to or will pay for a property. If there is no money, it doesn't matter. Between BRICS and the collapse of the petrodollar, any long term predictions on high-value/high-cost items are really unreliable. Currently homes are a luxury item for almost all Americans as they just try to pay their current bills. In an America where people cannot currently afford a cheeseburger, trying to foresee the future of real estate seems almost impossible to me.
    4
  21078. I’m so happy I found your channel! I’m trying to move to FL, but I can’t convince my boyfriend to move 🙃
    4
  21079. Michael, I like that modern plantation styled home you walked by with the No Trespassing sign on the gate. It was nice.
    4
  21080. can you talk about the advantages of being 100% VA disabled in FL? also a focus on condos nosediving over the next year or so. sold in Tampa last month and made out well. staying with relatives and cruises to see if everything crashes. So a discussion about selling now and hanging out with cash for a bit.
    4
  21081. Does anyone know if the prices of land are inflated at the moment? Will the prices of land also come down in the next 6-12 months?
    4
  21082. 💯💯💯
    4
  21083. I had been renting my 1900sf 2/2 waterfront condo w/ detached 1 car garage, in-unit laundry, mid-level remodeled interior, large screened balcony, direct canal view, boat slip, dock, large pool, across A1A from beach for $1400 since 2016 to the same excellent tenant. Located north of WPB. The 1-year lease terminated in 2017, so it's basically been a month-to-month rental for almost 5 years. I raised the rent to $1600 four months ago. Comparable rents are currently $2000+. I know it's month-to-month, and I can raise the rent anytime, but I'm wondering when I can next increase the rent another $200/mo. and still be fair and not lose my tenant (though there are few decent rentals currently available in the area, and certainly none cheaper).
    4
  21084. It's absolutely horrible in Colorado. Up, up, up! Our home insurance is now $4000 deductible and $2800 per year. That was last year, who knows how much this year!
    4
  21085. It's so weird not seeing Nick's whole face take up the screen in my 75 inch TV
    4
  21086.  @MichaelBordenaro  Michael I think you are talking about total debt to income ratio. I think the mortgage payment would have to be a lower percentage. They use both numbers these days.
    4
  21087. Very informative. Thank you.
    4
  21088. I'd like to buy condo on the beach, but on the gulf side for under 500k, where is that possible? Possibly Clearwater? I want a town with plenty to do (restaurants, movies, shopping etc) but not crazy busy like Miami.
    4
  21089. Is 3x income requirement net or gross income?
    4
  21090. You never ceased to amaze me Michael. You're a fountain of usual information. Boom boom boom. Thank you so much.
    4
  21091. I would never buy a Chinese car. You get what you pay for
    4
  21092. Again, great work @Michael. waoo I am paying my daughter's rent till her home is finished and the rents is $3300.00 per month, ( not in Miami nor Florida) she would not be able to survive making only $ 37.500.00 a year, that is basically poverty line. Reality is, who can actually survive with that money? After taxes is what about 30K maybe a year? Great country we have become all illegals get all this freebies, but our citizen and children are in the streets, like LA and other states. by the way not all homeless in LA are from LA, many move there due to weather and certain cities like Santa Monica protects them. Where are not in Kansas anymore LOLOL
    4
  21093. Folks in MA pronounce Worcester as Woos-ter some say it Woos-ta. Not sure how that got started.
    4
  21094. Terrible! Glad you're ok fren.
    4
  21095. Herd is the correct word. That is what causes FOMO! Thanks for the explanation.
    4
  21096. This beautiful house could do more than a 3:47 video...Michael!!!
    4
  21097. For the algorithm.
    4
  21098. They will only collapse the economy if/after Trump wins 2024💅🏽
    4
  21099. It’s not just corporate greed it’s overall greed in general. All you see on yt now and TikTok people who knew nothing about real estate are now pros. Trying get wealthy and while real estate is a quick way to get wealthy it is being heavily exploited. This won’t end well.
    4
  21100. Everyone knows that america will go through a recession at some point and right now trillions of dollars are being dumped into the economy to keep things running but that can`t last forever. get out of debt and be prepared for the next big slowdown because there`s some fabulous deals to be had during a recession.
    4
  21101. Does the cat on 6:45 always there? Because last time I was in miami beach I saw the same cat lol no kidding on the same place I was walking to the beach 😅
    4
  21102. We definitely won buying our home in NC a year and half ago. Our market is similar to Florida but I dont think will crash here. Good video and that was a funny edit with the background noise btw.
    4
  21103. So nice you connected with your grandpa...don't wait another 10 though ...your videos get better every day!
    4
  21104. How could you just forget you have an adjustable mortgage? I refied my house 3 times because the rates dropped. With the VA IRRRL I was able to refi for only 0.5% funding fee. I told every vet I know to take advantage when rates were below 3%. A couple did but most blew it off.
    4
  21105. Lots of toxicity in Miami, it’s depressing if you put thought into it. Rented luxury cars, credit cards stretched into oblivion. It’s good to make money off those suckers though. They don’t have friends only money which if it runs out they’ll be bumming it out on the street like nobodies. Watto from Star Wars said “mind tricks don’t work on me! Only money” Just take their money and run. Spend it with loved ones that truly care, invest in yourself etc. The saying goes “it’s nothing personal, it’s just business”
    4
  21106. Great news man. You deserve it. You put on a good channel. Keep it going.
    4
  21107. Thanks for the update on what's going on in Miami👍🏽
    4
  21108. We are having hurricane warnings in Florida so everyone is shopping for bottled water. It's usually a $1. Now it's $3 a gallon at Winn Dixie grocery stores.
    4
  21109. Seller FOMO? The bigger fear to me would be giving up my equity and a low interest loan, then having to either rent or buy another house at a higher rate. Now that's scary. I'll stay put, thank you. If someone has a reason to sell, I seriously hope it's not FOMO. That's just dumb.
    4
  21110. Tank tops...all my husband wears here in San Diego! Nothing wrong with that!
    4
  21111. Thank you Michael for one more awesome video. I just noticed that you now have 65,K Subscribers. Did you just grow in your Subs? Glad to see you getting your numbers up. Hope that you are having a great weekend. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  21112. Thinking about moving here
    4
  21113. Hilo my friend I Watch your video everything you saying is true I just bought a house in Florida almost 2 years ago in like worth which is about a hour and 15 minutes from Miami we have a pool in our house and we are 6 miles away from the beach we love every minute we spend there we more outdoor we feel healthierI’ve been traveling every month back-and-forth coming down there and spending some time I live in Michigan and we do have very long winner what you said is right we feel me and my wife more positive when we down there We made a plan to move and Retire down there we only 55 years old so our plan in the next 2 to 3 years we will spend nine months of the year down in Florida in three months to in Michigan doing the Summer to spend time with the kids and grandchildren keep the good work God bless you
    4
  21114. Liked the video, so true everything your saying. Yes, people are desperate buying and paying way more than property is truly worth. I see it 1st hand purchased my home in 2020 and my neighbor just sold his for 2x what we paid. Home went into a bidding war and drove up the price. Remember Tickle me Elmo toy everybody went crazy for people were paying hundreds $$$ reminds of same thing. People calm down we create the demand which increases $$$
    4
  21115. I will find a new career before going back just because
    4
  21116. Insurance is one of America's biggest scams! Healthcare is a close 2nd place. Insurers are already pulling out here in California. The middle-class is being killed-off by design. The rich are taking from the middle and the poor are taking from the middle. Soon...bye-bye middle-class.
    4
  21117. There ARE a lot of jobs out there. What they don't tell you is that the overwhelming majority of them are low paying and not even full time. Crypto will get regulated to hell and back once the funds managers end up losing boatloads of money and they and the politicians need a scapegoat.
    4
  21118. Will be there in a few weeks. Second time this year. I love Miami. Not as crowded as it was years ago, but I'm not complaining. Now that I'm in my 30s, I'll take peace over party any day lol
    4
  21119. Kudos for admitting you can't predict the future. Too many people out there acting like they know for sure.
    4
  21120. Man, I'm excited for you and this channel to take off so you can be a little more free! Honestly, I started watching you because I am moving to Florida and now I'm watching you just to watch you. Love the vlog style content, keep up the awesome work and you'll get to where you want to be.
    4
  21121.  @MichaelBordenaro  Honestly I really like the stories of your life and also real estate sort of stuff as I'm getting into real estate myself. I like watching anything with a list, I know a lot of them relate to Florida but anything with a list is usually pretty entertaining.
    4
  21122. Vote with your wallet -yes. In particular if the business is local, small business, brick-n-mortar. I have one exception - Barnes & Noble.
    4
  21123. Heard there are only 500K houses for sale in the entire country which is definitely NOT enough!
    4
  21124. Lizzy is 😊. Thanks for your sensible reporting, Michael.
    4
  21125. My daughter and her husband just made an offer on a $700,000 home. Someone overbid them by $100,000. Man, it’s still tough for the 30 something’s.
    4
  21126. My electric bill jumped to just over 60 bucks a month from 40 bucks .. for a 3900 square ft home .. natural gas stove natural gas water heater that bill is under 30 bucks a month .
    4
  21127. Audio is just fine
    4
  21128. Road Trips are always a FUN Adventure!!! What part of California are you going to???
    4
  21129. Great video & series
    4
  21130. Funny that you mentioned the landscaping. I was just thinking how many yards got rid of the grass, in favor of cement or pavers, so they eliminated the yard work. No bueno! Also, my hubby and I talk about helping our 15 year old son. He is not for it, but I am, at least to some degree. It’s so tough these days. That being said, we have told him how important it is to work hard! I didn’t get help either, but the times were different. I have always thought that people would be better off, if they could do things on their own. I hope things change, so the kids today have a fighting chance. I guess if there’s a will, there’s a way.
    4
  21131. Michael, what are the rate of foreclosures in Miami-dade?
    4
  21132. My girl says your the bear of bad news 🤣😂 I tell her it’s reality 😂💯
    4
  21133. Ohhh almost forgot how soon can someone be eligible for the homestead exemption? Is it really a legit deal that saves on property taxes? Ok random question...are alligators an issue and how often do hurricanes hit and when they do is there specific cities to avoid that get hit by them? I'll take alligators and hurricanes over someone stealing my constitutional rights and freedoms anyday🌞🌞😅😅🇺🇸🇺🇸🇺🇸!
    4
  21134. Hi Michael, wanted to swing by to wish you and Lisi a Happy Thanksgiving, enjoy. And you're not being cheap, those dollars do add up, and can go towards your own retirement fund, rather than somebody else's. 🤑
    4
  21135. 2
    4
  21136. This is so true! We just purchased a home in Ft. Myers, Florida! Getting ready to go down and start filling it up with furniture etc. I cannot wait! I won’t get to live there full time for another year but hey... this is a great start right? 😉. We’ve been visiting family there for 20 years. Shared parenting, and now my husbands retirement delayed our journey.. but we are FINALLY getting to make the move! So wished we could have done it sooner but hey. Florida has “spoke” to me for years. I live in Northern Ky and I hate hate hate the weather here! I get whet you said “6 months of winter”... that’s exactly how it is... I’m so over it! I love being outside, Palm trees, all the beauty Florida has to offer. We cannot wait! 🏝☀️❤️
    4
  21137. Great video hope you have a great New Year.
    4
  21138. My relatives are heading back to Portugal, but those who are going to Lisbon, they are regretting as the big cities are getting all the liberals from America… implementing the liberal policies, especially Drag Queen and gay parades. I grew up in Mozambique, and though it was paradise into the mid 70’s, I’m not going there. As far as Portugal, the town my family is from, is better than San Diego, unfortunately the richest Europeans moved in and it’s now too expensive. I would move to my parents area in a heartbeat, which is Praia Da Barra… After all this crap I wrote, I’ll tell you what I feel deeply in my heart: I came to America to be American, I don’t give a rats ass about Mozambique or Portugal. All my family can go back, I’m here to stay and fight for the freedom we deserve and need to keep! My future: Florida, February of 2024.
    4
  21139. Any realtor that tries to tell you to buy is plain and simply trying to get a commission and drum up business. These realtor's are among the reasons why so many buyers from the last few years have "buyer's remorse" Buying at the peak of the market, buying over asking price, no subjects, no inspections, all on their realtor advising them that these things are needed in order to be competitive. totally Nuts. Those realtors must of forgotten their #1 duty to their clients "fiduciary duty" Looking out for the client's best interest. Those realtors are only looking out for their own wallet. Their own interest, not the client's. When their clients lose money, you can bet the realtor absolutely won't say to their clients (I'm sorry, let me help you financially) I said before, asking a realtor "if it's a good time to buy" is like asking an alcoholic if it's a good time to have a drink. If you are looking out for yourself (everyone is), don't buy anything for at least 12-18 months, preferably longer. The housing market has a long way to drop yet.
    4
  21140. Hi again. Michael. I found this from your Florida videos while scrolling down the subscriber list. Great video and I agree completely with you, although I struggle to put it into practice. Life is so hassely these days. No time to read novels. No time to play my guitar....or maybe no real peace of mind to do so without feeling I need or SHOULD be doing something else. One of the reasons I want to move to FL from Southern California is to spend time swimming in that beautiful tourquoise warm ocean. I love to swim in the sea and even though I live only 40 mins away from Orange County beaches I have not done so for 24 years.....now isn't that sad and totally ridiculous???.....Too busy....too caught up in BS....mostly other peoples'. My husband and I plan to retire to Florida this year to get my life back and to get ME back!!!!! Thanks for this video - it is the wake-up call I needed so even though it has not got loads of views or comments please know that you have helped at least one person. Sending a big cyber hug.
    4
  21141. Michael with so many investors and foreigners buying up real estate and the cost of living there in Florida being high. Are you starting to have thoughts or thinking about the possibility that you might have to find a different state to move to? I know you really love Florida but does it become a point where you even think yourself that in order to protect your wealth if it means you finding a different area to move to even if it is in a different area of Florida or a different state? Thanks again bud for the video. Happy late b day 🎉 to your wife. Hope y’all are enjoying yourselves! See you on the next one!
    4
  21142. I have customers that write me checks. I use the Chase app to deposit them. Once they clear I burn them in my fire pit.
    4
  21143. Jake Paul might move to Florida.
    4
  21144. Grew up in Dana Point, good to see you in my neck of the woods Sir!
    4
  21145. Hey Michael, joining or doing something one likes will bring friends. Work is also a good way to make friends. They may not be your bosom buddy but it's a start.
    4
  21146. Move to Tampa or St. Pete! Such an amazing area!
    4
  21147. Very pretty town. My sister lives in Ormond Beach. Not alot going on there either but still very nice area
    4
  21148. I looked at properties along the eight blocks deep off Hermosa Beach. All I can say about your talk of moving there is…. California Dreaming!
    4
  21149.  @MichaelBordenaro  even if you get the down payment for one of those homes (the cheapest I saw was $950k, and that was ten blocks from the beach and not even very nice), the property taxes would kill you. Not to mention that you’d have to be earning enough to put yourself into CA’s highest state income tax bracket, so there goes 11% of your earnings to state income taxes, on top of being in a high federal tax bracket. Better to find a nice $400-500k home in Florida, where the beaches are more scenic than Hermosa and there’s islands offshore. That’s my plan next year.
    4
  21150. I had no idea check thievery was so ubiquitous despite laws against it. But then mass robbing Target stores isn't legal either. At least there's no carbon copies of credit card purchases in every retailer's trash like decades ago.
    4
  21151. My Family here has come into a stack of cash but last night I thought of My Father's Family in Europe and it Dawned on Me that they are probably paying a 1000 Euro on energy bill's so I am suggesting that if they need help We should help out a bit if needed.
    4
  21152. I always loved visiting California but I like Florida much better plus I am an east coast guy.
    4
  21153. Wow, and we have snow and ice. Lol 32 degrees in the D.C. Area. The main reason I want to relocate.
    4
  21154. Great video, thanks for sharing. I love living in West Palm Beach!
    4
  21155. Sounds like the Palm Coast might be a good consideration for a family, and if you don't mind not being close to the beach.
    4
  21156. I'm moving back next year but I grew up in the tampa area so this content is somewhat nostalgic
    4
  21157. Every once in a while Michael talks about politics, such as illegal immigration. In response to illegal immigration, Michael hasn't specifically said to vote for Donald Trump in 2024 but, correct me if I'm wrong, he's implies it. Michael knows, however, that whether it be Trump or Biden, they're different sides of the same coin and nothing will change. Housing prices will continue to be unaffordable and so will everything else. Let's talk about the Presidential election in 2024. Fox News, CNN, and MSNBC push a false binary. You have to "choose" one bad guy over the other bad guy. This is bullsh*t. We MUST no longer accept the "lesser-of-two-evils" argument anymore. We must stop being sheep and stop listening to the rich media elites. We must stop being suckered into the culture wars that the government and the media uses as weapons to divide us. We must wake up and realize it's them vs. us. The Declaration of Independence declared that, “whenever any form of government becomes destructive of these ends (life, liberty, and the pursuit of happiness), it is the right of the people to alter or to abolish it, and to institute new government.”
    4
  21158. AirBnBs destroy the liveability of a neighborhood in many ways.
    4
  21159. Yes, mentally I’ve been gone for over a year. I’m 30m living in wisconsin working in commercial real estate. I plan to make the move in less than a year. I cannot wait.
    4
  21160.  @MichaelBordenaro  Thank you for responding. I was very motivated to move to Florida before and during the trip but it wasn't until I came back that I realized I actually love living in Ohio. I thought I hated it here but that was because I was putting myself in Florida mentally and forgetting about the people I've known and become friends with up to this point in my life. Florida is wonderful, plan to be going on a cruise in the Caribbean and visit the panhandle within the next year so I think I've found the perfect balance. I'll still watch your videos because they are good despite me not moving to Florida lol
    4
  21161. Car insurance - living on Long Island, NY paying almost $2,000 per year, moved to Florida, first new bill was under $1,000 per year.
    4
  21162. Lol yeah I have been saying 6% by year end. I can agreed we could see 7%.
    4
  21163. I am SOOO excited for you to do this trip and report to us!!! Yea!!!
    4
  21164. Are the beaches ever clear and blue there like in Florida? I’ve never been to California (only to the airport LOL)
    4
  21165.  @MichaelBordenaro  Great!! Can’t wait! 🤩😁
    4
  21166. 👍🏻
    4
  21167. If my property was in Florida instead of Ohio I’d be sitting on a multi million dollar property….
    4
  21168. Buy low , sell high should be the number one tattoo > Or insert as the Eleventh Commandment . Great teaching ,simply but real . Thanks Michael .
    4
  21169. Agreed I work for a mortgage servicer and it's going to be a bloodbath.
    4
  21170. I tend to agree so I want to sell now but what if currency becomes useless and I am left with nothing? So confusing
    4
  21171. Yes!!! Yes!! Very smart!! We bought our house here in California and 6 months later Covid happen! Been without a job for 4 months.. Also, sucks if you work for the government and get laid or / fired you don’t qualify for unemployment! Ugh! I regret agreeing to move here! I hope to soon find and rent something in FL.
    4
  21172. Thank you for making these videos! We're relocating to Palm Coast from Wisconsin and your videos have been extremely helpful! So glad I found your channel :)
    4
  21173. It’s a forced savings account. Works well because of that reason, at least for me it did. Retired by next year at 53, 8 small houses bought 21 years ago.
    4
  21174. Absolutely LOVE your channel! Thank you for the videos. SO HELPFUL! 🤗🙏🏽
    4
  21175. Last
    4
  21176. I was born and raised in California and was a Firefighter in So. Cal for 37 yrs.... when I retired, we moved to Florida. Couldn't wait to get out and move to America.... other than the Mexican food is better in California, there is no comparison. California is a complete SHITHOLE !
    4
  21177. I love these walk and talk videos. Miami looks like a city I could live in, if only I could afford it. Thanks for sharing with us Michael
    4
  21178. I’ve been to Deerfield Beach several times, and the water was always very clean. Can you make a video about Pampano Beach, another beautiful beach in the South Florida.
    4
  21179. Yes i think you are tottaly right! I will now invest in an apartment in Switzerland and sublet it so that I can later have little financial help in florida. So i can maybe work 80% down there. Question: what do you think are the best types of cars to buy in florida? Because actually i was thinking in a old classic car. But now when you say people don't drive well i dont know or i will invest in a expensiv old car..
    4
  21180. Get Ozempic, save money on food!!! 😂😂
    4
  21181. Great work!
    4
  21182.  @MichaelBordenaro  I have never been there before, but it looks really nice and definitely a much better place to be now. I've been living in California for 7 years and it breaks my heart to see how they are destroying the state. I am going to visit FL in a few weeks and check it out. Can't wait! :) Thanks again for sharing lots of important information!
    4
  21183. Are all them boats assets or liabilities? This landlubber wants to know...
    4
  21184. Great video!! I just came from the beach 3 weeks ago (went through the entrance on 71st street, right in front of the Denny's) and it was perfect. The water was so perfect. Not too hot not too cold. Minimal people and it was peaceful. There was also a sandbar there which was kinda cool.
    4
  21185.  @MichaelBordenaro  thanks also this video helped a lot my family loved it!!!
    4
  21186. I agree about the Hurricanes especially hitting the Panhandle.
    4
  21187. Go to Belmont Shore in Long Beach. You will like that area of LA County. Check it out on YouTube.
    4
  21188.  @druzielove1024  interesting perspectives...It all comes down to your opinion. I actually think the beaches here in FL are tolerable all year long, there is usually a breeze- even in the hottest months and its usually more sunny and less stormy in the summer, than a few miles inland. San Francisco is way to cold and foggy for my tastes! I have been there a lot of times over the years. If it gets above 85 in SF, its almost a miracle.
    4
  21189. Greg hill I agree with you that it’s definitely my perspective for sure. I have never been able to tolerate the heat and humidity well. When I lived there, it was painful to even walk to my car... And as far as SF goes, something has changed because we have been having VERY warm summers since 2018... and the fog is definitely not what it used to be and this year it has been especially hot 🥵. If you check the weather, you will see how unusually hot it has been for SF - Lots of beach 🏖 days and lots of sunshine ☀️... Like I said in all of my comments - I admire and bow down to people who can live in Florida and who don’t feel it to be unbearably hot 🥵 like I do.
    4
  21190. Hi Michael...Probably was a bungalow with add ons. Price is high...is it very close to the beach?
    4
  21191. Agreed
    4
  21192. I only add more rental property When it can generate positive Cash flow I don't see it right now Maybe in 2024 to 2025 So just sit tight 👍
    4
  21193. Great time for someone who hustles and is a problem solver. If I were young and broke I'd get a job at a junk yard. From there I'd have a car soon enough. Then upward and onward! Be creative and help others that want the help....
    4
  21194. I recommend a one wheel for you t9 get around and make videos. If I lived down there, it would be a done deal. Real Estate is a tough business down there. I’ve been waiting for an affordable move in property in Stuart near the beach. It’s going to be a while. The prices are nuts. Reality will creep in at some point.
    4
  21195. Me too 🤩
    4
  21196. Your video was great as ever! Thanks a lot!!! Have a great Sunday from Brazil to all of you in Miami!
    4
  21197. You sound like a real estate agent. Its probably getting crowded from people getting out of California.. The taxes and cost of living is out of control! CA is getting hot and has no water of its own.. Not to mention the air pollution is crazy! etc.. etc..
    4
  21198. Just came back from Miami and the Keys on Monday. Back to cold and gray Michigan. Looking for a new 2021. Might see you down there!
    4
  21199. I'm so proud of you Michael. Well done sir.
    4
  21200. Michael Bordenaro that is for the positivity
    4
  21201. Builders are playing with supply of homes, they are not listed until finished and sale is completed. There are real estate that are not found in the listing. . Drive around and lookup homes for sale that are not in the NLS data.
    4
  21202. There are situations in some cities where you are saving up to 2,000 dollars a month renting as opposed to buying. That's 24, 000 a year. Investing year over year that amount that you are saving, with even a paltry 5% ROI annually, equals a total of about 160,000 dollars. Considering the first 5 years of most home mortgage's goes almost entirely to interest, you would be hard pressed to get even close to that kind of money after 5 years, and that's AFTER already putting in $4,000 mortgage payments each month. Furthermore, by investing to get 160k in the end, you have a whopping down payment for a house in five years. To put things in perspective, even government backed T-bills have a 5% return, so it's not completely out of reality to get a 5% ROI YoY. You are not going to get that with a house right now. These are very different times.
    4
  21203. I like the way you talk. 😊
    4
  21204. I Left School ' IN THE UK . end of March 1968 . Started my 4 year apprenticship .on monday april . for £5 a week . thats apprx £12 today . walked everywhere /bused / biked /.. no credit .no bank loans . NO Cars . after 4 years ' i was on my own . and i wanted to be . i owed it to my mum and dad ' YOUR NOT Grown up if yo cant survive no matter what . the reason we are in this mess today is the very thing the generation caused wanting to much in life too easy . by getting loans /credit . TOO Easy . iv never had debt and live Very WELL . I SLEEP WELL Also . Stop thinking its going to get better or always wanting a highly paid job . succeding comes from proving yourself and GRAFT . IN ANY JOB . NO MATTER WHAT.. This Globe Today is Full of a generation not interested in taking the Mantle Forward in ALL Types of Jobs and industry ' if it doesn't stop ! .. we are all doomed . we cant ALL Be Rich . JUST deluded .
    4
  21205. Destin/Seaside/Rosemary Beach are the go to beaches for Tennessee folks. I went there all the time growing up. It’s a totally different vibe than south Florida! But it’s beautiful beaches are amazing, seaside is the city where they recorded the Truman show. It’s very cute planned neighborhood. Rosemary Beach is the newer fancy Beachside town. It’s between Panama City and destin. Anyway, sounds like a fun trip! Excited to see the new content!!
    4
  21206. Actually with the new State law requiring that the condos maintain a "mandatory reserve fund" for repairs that creates an financial obligation into the tens of thousands for residents , they got out just in time. The value on condos in Florida will crash.
    4
  21207. Not first
    4
  21208. Average sales price tells you that sales is down , not the prices are down. for example there could be more 1 bedroom condos being sold because buyers are just poor who are not able to afford a 4 bedroom single family home. Again bad example and metric used shows how some intelligent folks dont understand complete picture.
    4
  21209. What about treasure coast ?
    4
  21210. Hey man, I've been watching your videos, they're good. I'm a rock drummer from Michigan who is looking to move to FL. I'm sick of the cold and I love what DeSantis is doing down there. Got any suggestions on where to move down there? It's between FL or maybe I'll move back to LA lol
    4
  21211. There is no capital gains tax if it's your primary residence, if your gains isn't more $250,000 dollars
    4
  21212. Love your mic without the wind static. Glad you are doing well after the hurricane! Michael!!! You been telling us about remote workers being the first to be laid off for over a year. People said it will never happen. Probably the same people saying that housing prices would never go down. Think about all the remote workers who moved out of state having to sale their house to go back to the office. Or worse, lose their job and can't make a mortgage payment. Also CNBC had an article a few days ago where over 60% of the surge in house prices was caused by remote workers moving. Maybe remoters can rent their houses and don't sell. Love to see rent prices fall since I am a renter by choice, till I buy a house. I just don't think people have a clue of what will happen when remoters go back to the office or get laid off.
    4
  21213. Simple.Massive layoffs all over = crash. People still have jobs = no crash and continue to rise.
    4
  21214. Such a gorgeous neighborhood, Michael! I swear, Miami has a ton of them! I hope everyone who watches your videos will subscribe! The information you share is so valuable!
    4
  21215. My man! Great collab! I watch both of you everyday 👏🇺🇸🤝
    4
  21216. Did the remorseful buyer not have a signed disclosure? In Texas, a seller can be on the hook for discrepancies like you listed. Especially if the house is a remodel. Loved the vanishing man, he turned around, then he was gone. 😀 can the girl say, "roommate?"
    4
  21217. Hey man, I live in SWFL. Don't knock the rainy season. It brings relief to the sweltering heat. Except for lawn cutting, I wish it rained every day in the summer from 3:00 to 5:00 PM.
    4
  21218. Do you know the best manufacturing jobs to work for there? Preferably more Southern.
    4
  21219. Thanks so much for sharing your personal experience. I needed to hear this. HOA’s scare me and definitely need to consider the property tax when looking. Have been loving your content.
    4
  21220. I think he is in his early thirties. I watched a live he did a while ago when he said he was 33 but everyone thinks he is older bc his grey hair lol
    4
  21221. Australia rents rising and people ignoring rate rises and still buying houses as population growth also chinese students coming back here now .Also 75% of young people see home ownership impossible.
    4
  21222. ......beach.........beach........beach...........
    4
  21223. Very nice walk....
    4
  21224. Don't buy any house 2022 even the brand new houses that were built two years ago are double.
    4
  21225. Rocket mortgage. The next Countrywide home loans.
    4
  21226. I say get out while you can Michael. I sold my condo in downtown Fort Worth in 2019 because it was too far from work and the HOA and taxes were getting worse. It saved me so much sanity and money for the couple years renting a block from work. But I’m even beating that living in my old rental property in Albuquerque with remote work. If it feels right then do it. Think about saving more towards retirement.
    4
  21227. Good credit will get you a MUCH better rate on your home and auto insurance like Michael said. As an insurance agent I’ve sen insurance companies either deny you just based on your credit score (with no claims or tickets) or jack up the rate and charge a high down payment just to start the policy. Good Credit = Money Savings
    4
  21228. Great advice, as always! Have an awesome holiday weekend!
    4
  21229. GREAT video!!! Thank you for the "insight"!!! Kudos!!
    4
  21230. You are correct with that intro, lol. 😂 You’ve touched on many reasons we moved! Nice scenery btw! 🌅
    4
  21231. As I have stated before and now validated. The market is 25% out of wacked.
    4
  21232. If I can line up an It job in Florida or do remote work I would move there instantly.
    4
  21233. I wanna buy my house soon But don’t know if the market will crash 😩
    4
  21234. TGIF! 🥳 🥇
    4
  21235. You’re headed down to south pointe
    4
  21236. Michael you really did a great job on this video. Were you planning on going to Malibu since you’re close over in Calabasas?
    4
  21237. Many people don't recognize, if they decide to convert their primary residence to a rental, must notify their bank because the loan was set up for primarily residence, and also must to notify the insurance company because their insurance policy will be canceled once they rent the house out, they need to buy a landlord policy, also their taxes will go up.
    4
  21238. OMG, Michael, I think this is my FAVORITE of your videos, because I LOVE SAN FRANCISCO!!! It is my favorite city EVER!!! It has an electricity that runs through it like no other city, both figuratively and literally! I love that you filmed this from the perspective on speeding across the water on a boat! I got excited when I saw that sailboat racing along at full sail and then tacking hard back behind you, losing the wind for a few seconds, only to regain it fully again. I also loved the music playing and the church bells going off at the same time. Fitting! Then Lisi “whooo-who’ing” at the end…so great!!! What an exhilarating trip you have both had! If I could afford a house in San Francisco, I would buy one in a skinny minute!!!
    4
  21239. That was informative PS… your total subscriber info that is right there under your video still says 56,000 and it said that years and years ago I don’t understand. ‘Prepper Princess’ just stated that the YouTube Robo has done that to her very recently, and perhaps we should help by pressing a subscribe button, but we can’t do that if we are doing it already, and hers seems to be more recent than yours
    4
  21240. Third and hi from Russia❤
    4
  21241. You know what? These companies need to save money and get rid of these leases or sell these buildings that are sitting empty. Don't blame the remote workers.
    4
  21242. I think those who are invested heavily in the market for any reason want to look for hints of recovery. They latch onto any data/information to support their narative.
    4
  21243. the pros far outway the cons. I've been here 40 years and have not been in a serious hurricane, But I live in the tampa area!
    4
  21244. Wow! are there people out there still drinking the cool aid ? This is not advice not my job, this was my journey, 10 yrs retired from age 51, over about 130,000 net yearly, moved away from Cal they take your money for crazy ideas that never work. New state not income tax free but allowed me to enter based on retirement plan and placed me into a no income tax bracket, found 5 acre 2500sq foot home with 1800 sq foot garage/basement, private road 1/4 mile long only 7 homes on road no HOA, bought 2021 @ 2.5% interest, I love the trees feel very comfortable there. I have been traveling for a year now overseas might return in 2024/25. I have a new 4x4 Chevy truck 2021 has 5000 miles on it, just gave my daughter power of attorney to sell this transportation tool not an asset FYI. If you own a toy or an extra tool sell bring your cost down, bank that extra cash. Try and live below your means dump that extra stuff for 12/24 months watch your accounts grow. Ask anybody that makes a living from sales how’s the market canned response it’s awesome!!! I have an idea get control of yourself and your poor spending decisions. My younger crowd starve now eat later!
    4
  21245. What type of bugs we talking?
    4
  21246. Palmetto bugs are basically flying roaches. They've creeped me out the most when I've lived in FL. I do plan to return, however; that won't stop me. Spiders are pretty much everywhere.
    4
  21247. Rates are already fixing to go back down just any day now and when it happens, the housing shortage will have prices shooting right back up. If we want to see homes at 50% less, somebody needs to build them. You say homes can't be build for less in better locations. This is true, which makes those existing homes in those locations worth more money. So supply and demand, you get what you pay for.
    4
  21248. In Vegas, we have a 2 week supply.
    4
  21249. I appreciate the updates.
    4
  21250. I think most people are being forced into boycotting this market. people spend ing $2800 dollars a month to live in extended stay hotels. There is no way these people are going to be able to afford a down payment for a house or even afford to move. Stuck in a loop. Peoples belongings in there storage units being auctioned off. Old people losing their money and homes because they can't remember to pay their taxes or mortgage payments. People living in trailers and rv's in suburban neighborhoods and moving to a nearby location every few days. Camp sites and time shares filled to the max.
    4
  21251. When will you stop being so attractive so I can actually focus more on what you're saying?
    4
  21252. was the water substantially cooler on the gulf side compared to the atlantic side? also how much of a difference does the atlantic sea breeze make a difference for the summer if you know? i've lived in orlando which had no breeze, tampa that has a bit of gulf breeze but haven't been to miami yet (during the summer)
    4
  21253. Wait until home owner insurance companies are unable to pay out claims or flat out deny the claim. Not to mention if your neighbors decide not to repair their home i.e. decreases your property value (my neighbor had a blue tarp on his home for 3 years since Hurricane Irma) 3 days ago it was completely destroyed due to Ian. Now I have a bombed out abdondoned property next door indefinitely. Those who just got into New overpriced properties within the last year (are most likely going to decide to just go into forclosure) this is going to decrease property values even further.
    4
  21254.  @MichaelBordenaro  not at all. Plus your thumbnail doesn’t have a house on fire in the background. Additional kudos to you, sir 😂
    4
  21255. If it's a matter of public record, I think one hasn't much choice of who gets the information.
    4
  21256. $4mm WTFFFFFFF. Where do people get this kind of money?
    4
  21257. nice tour
    4
  21258. People who say they can't afford a house are like: I need a 5 bed, 5 bath, by the beach, with a pool & room for our new Teslas & boat in the drive & garage.
    4
  21259. How would I get into real estate when I get there?
    4
  21260. That will be insane if these people can’t get back in to get their things. IF they’re allowed to sign a waiver to get back in, I wonder if moving companies will actually agree to go in to get furniture out.
    4
  21261. Can you create a video about job market analysis in Miami area ?
    4
  21262. Respect👊
    4
  21263. I wouldn't regret anything. You have accomplished a lot already. Its called maturity. Thanks for the video.
    4
  21264. Reminds me of 2008
    4
  21265. Pay your card in full every month
    4
  21266. I love this spot. Thanks for filming there again
    4
  21267. Love when I get a notification that you've posted a new video!
    4
  21268. I'm in the same boat. I refuse to pay that price. Waiting patiently!
    4
  21269. Lots of people fight the city and FEMA to remove them from a flood zone. In Florida, the street will be in a flood zone but not the house.
    4
  21270. It’s true. It’s better to buy a home before having kids.
    4
  21271. So tragic!😢
    4
  21272. Great video Michael. Banks need better programs for first time homebuyers. That would help.
    4
  21273. Well, after the 7 min. vacation, is the 9 min. flood ! These videos are Great , Michael.....This is real Miami living in real time.....Terrific intel.......100K is just around the corner !.....Thank you..
    4
  21274. I think tomorrow is the most nerve wrecking day for the Fed and the US economy. If CPI comes down a little bit, we can take a deep breath of relief. But if cpi stays the same or higher. Then everyone is gonna cry because nothing seems to be working. And interest rates will just have to keep going up up and up.
    4
  21275. Some places are not meant to be lived on, I believe this is one of them. Now you have the proof, I mean the cars would float in the garage, I mean really!, that in itself is not normal. And most certainly a red flag, the cracks were huge. After the building collapse it was like sand, it crumbled. I am sure the salt water acts as a humidifier, keeping the structure moist. I am just calling it from someone that lives in the desert and from the photo of the building I seen online, this is what I see. Do not let the HOA's get away with not doing their jobs. I cant stop thinking about this, I personally would never live in a high rise, or live so close to the water. I just cant believe it. All those buildings need be checked every month and charge monthly fees. Don't wait people, what you waiting for? PEOPLE THIS IS THE RED FLAG, DEMAND A REPORT FROM ALL YOUR BUILDINGS AND MAKE SURE THEY ARE SAFE OR RELOCATED UNTIL THEN. BE SMART AND MAKE SURE THIS NEVER HAPPENS AGAIN.
    4
  21276. I question anyone leaving Denver for Philly. Clearly he has issues.
    4
  21277. I’ve always found the Country Inn and Suites to be great value for the money, comfortable and welcoming. Great review!
    4
  21278. The vistas are beautiful and I am surprised how huge the apartment buildings are.
    4
  21279. What next? Buy all the vans....so we can't live in a van down by the river?
    4
  21280. Insurance companies when dropping your coverage after 30 years of collecting your premiums: Thanks for money, dummies! SNORT
    4
  21281. Thank you for this video I was down in that today. Madness man.
    4
  21282. I just simply aspire to be a wealthy beach bum. That is all Shipmate.
    4
  21283. Bulls days are limited if the fed doesn't come in here and do what they did back in March with the bank bailout. Looks like that money is starting to dry up again. Actual banks minus the credit card companies look pathetic. Only things keeping the financial sector afloat is the V and MA and credit card companies. GS, WFC, BAC and C all below their 200 day moving averages. 80% or more of the financial sector in a bear market. This thing is coming down.
    4
  21284. I do nothing what I do not understand. Never invested any money in stocks, for me it is BAKED AIR that I cannot Catch. I have invested in real estate and fysical (real) gold. And I am happy about it. Right on, real estate can lose some value but in the longer run is a saver investment in my opinion. Furthermore real estate generates revenue, the 6 houses that I rent out deliver a nice return .
    4
  21285. Seems like Lizzy is happy with the place and is looking forward to retirement there. Now I know where to go to get my buz on with live music every night. Skip the old guy singing inside though. Also like the music shutting down at 9pm for people that want it peaceful the rest of the evening and no random gunshots sending people fleeing...awesome...as I cruse back to the house or even better the beach on my golf-cart...lol
    4
  21286. Landlords are winning right now. They have a lot of potential.
    4
  21287. Thank you and New SubScriber!
    4
  21288. Got alot of family issues going on that are weighing me down. I am seriously thinking about packing my stuff and just moving and starting a new life, but then I feel selfish for leaving my family to deal with their problems...
    4
  21289. Don’t bother moving to Florida because the rent is too damn high!
    4
  21290.  @MichaelBordenaro  Lol No. It was for my Ford Mustang.
    4
  21291. The library is a good way to save $........the library has books, audiobooks, cookbooks, magazines, music cds, movies & tv shows.........all for free..........
    4
  21292. NSB = Surfing + Off Shore fishing
    4
  21293. I wonder if any one of these events is the proverbial " Black Swan" event that the Real Estate market has been worried about. Hmm 🤔
    4
  21294. 5:35 that mom was watching you like a hawk 😂
    4
  21295. People can choose not to be realistic, but they won't be able to ignore the consequences of reality. Results will wake people up.
    4
  21296. Hahaha
    4
  21297. I had lived in Sunny Isles for 4 years at Avilla North, Plaza of the Americas and Arlen house.
    4
  21298. Florida is no paradise Michael. Especially Miami is not. That is a big lie from the beginning.
    4
  21299. I’d rather a new small trailer (as little as 40K) over an old piece of junk that needs to be gutted and updated at top dollar. We need more mobile home parks where the owner occupies the trailer and owns the land it is parked on. A reasonable and very limited HOA would be beneficial in such a neighborhood and access to municipal utilities. Trailers can be attractive if they have a good size porch and window shutters.
    4
  21300. Disturbing and I doubt they were on spring break from college. Just a bunch of trashy people doing what they do on the regular.
    4
  21301. Thank you for bringing the personal savings rate more attention! This is a huge red flag. According to FRED, in 63 years from this chart of America's Personal Savings Rate, we’ve only been this low during: 2001 (after 9-11 attacks), 2005, and 2007 (The Great Recession). Americans are broke. Keep up the great work!
    4
  21302. I’m just watching because I forgot what sunshine looks like. We haven’t seen the sun in the Pacific Northwest since last September. 🌧️🌧️🌧️
    4
  21303. An even bigger sphere with the remote workers situation is during that time many people left places like California for Montana. This trend will continue, so there's going to be a remote worker tug-a-war that continues regardless of costs for driving to work.
    4
  21304. It's cheaper to Rent that BUY , it's all in the NUMBERS 🍷
    4
  21305. I tried to talk to my Dad about long term care insurance. He would say that he has multiple insurance policies. I used to drive to his house to care for him when he was dying and work at the same time. I didn't want to intrude too much on his finances. I just made do with the situation. I looked for help. I could have used more nursing help. After my Father died, I found a Long term care Insurance Policy in his Desk drawer, al paid up. Never used.
    4
  21306. Me too 🤣💖
    4
  21307. Chatgpt is not gonna work for the majority content Imo.
    4
  21308. Great video! You asked for suggestions for video topics. OK, I have one... 3 Local "Insider" Things About Miami Beach That Will Surprise You. (I write novels set in Miami Beach but I don't live there... yet... and I try to put as many local-isms into my books as I can dig up. Maybe you know one or three that I could mention in my next book... something that another Miamian would say "Yep, that's Miami!" about.) Thanks!!!
    4
  21309.  @MichaelBordenaro  cost benefit great weather things to see and do but long lines, hard to find parking traffic jams I guess it boils down to which problems in life one can accept in return for what you want. I pound the steering wheel every time I visit my Mom in Los Angeles coast beach trying to drive anywhere for restaurants or whatever stressful
    4
  21310. Hi Michael, My dad invests in real estate (rental) and focuses on Tier-2 towns. He teaches me about Single Family Rental investing and I even made a video about it. I am going to share this video with him ! Thanks
    4
  21311. The new hair cut looks great.
    4
  21312. 7:20 I noticed a beautiful townhouse condo for sale on the marina in my town. Place is gorgeous, 2bd 3bath, 2060 sf, has its own 2.5 car garage. I fell in love with it and went to look. $289k, which isn't in my budget but compare that with the $1.5 mil for the ones you mentioned, Michael. The rub is this: I'm in Wisconsin. If it weren't for the brutal winters.....
    4
  21313. The amount of neighborhood noise in Florida seems crazy
    4
  21314. Best thing I did was move everything out of Bank of America into Navy Federal Credit Union and other credit unions and USAA
    4
  21315. Currents are actually dependent on the day, time, moon cycle
    4
  21316. If the same time of day with the same sea floor terrain, that would be a head scratcher, but eve one hour can change currents due to the tide.
    4
  21317. Other than a California McDonald’s employee, I want to know whose wages have gone up 20%????
    4
  21318. This happened many years ago in New Port richey Florida. All were bought out by lawyers. My friend sold his neighborhood for 13 million.
    4
  21319. Hello I have an autism child and I would love to move to Florida, but I would love to live in a rural area close to Orlando. Where I can have ducks, chickens and crop. I want to buy a house in a non HOA, but they tell me I need to have 640 credit score along with my husband and muy score is only 630, but muy husband has no credit established. I'm in PA and my husband is a auto body and mechanic. He's afraid that he won't be able to make a business there. Should I rent for a year and then buy or how can I go about it. I'm a first time home buyer. I did the fha program in PA, but I was told I might have to do it alll over again in Florida.
    4
  21320.  @MichaelBordenaro  the only problem I have, is how do you rent in Florida because without a Job there, you can't rent from another state. My husband has his auto body mechanic home business and I receive my son Ssi check, but they tell me I must have a steady income in Florida before I can rent.
    4
  21321. Man the weather looks awesome Mike, we'll be down end of February, can't wait. Awesome video thanks buddy
    4
  21322. I'll just rent if I move to South Florida. I have no wife or children so buying is a waste of money.
    4
  21323. Lived in Dunedin … the park in the middle has a great market in the Fall with movie night on Friday. Moved away a few years back …. Became too crowded and property real estate way over priced .
    4
  21324. Government should stop giving free money , period, especially if they are big companies like Blackrock and money from institutional buyers.
    4
  21325. Couple of random thoughts Michael ... really enjoyed this driving tour and hope to see more of them 👍🏻. Driving past the old hotels of like the Cadillac, Fontainebleau, Deauville reminded me of being a kid of the 50s/60s in Chicago burbs and my Mom and Dad flying down to Miami Beach for some away time from us 7 kids. I can still see them all dressed up to fly and my Mom wearing her mink stole around her shoulders. And then there always were the little trinket presents that they would bring back for us. I agree with you, I’m just have no desire to live in cray cray SoBe. I much prefer a walkable quiet neighborhood a few blocks off of the beach. (That said, I still wouldn’t move from East Ft. Lauderdale though). I did notice that once you got up into the 5000 block, it did seem like “condo canyon” which is a bummer. I’m not overly fond of high rises ... it’s like living in a hotel to me. 3-4 stories is good 😉. Keep up the terrific work.
    4
  21326. Is it possible some of the ridiculous listings are just people going through the motions to get a Deed in Lieu or a Short sale out of a bank?
    4
  21327. 😂🤣😂🤣🥰
    4
  21328. So it shows up in my activity feed on the Paypal site but not in my Paypal balance. How do I access the money.? Is there a significant waiting period (it's been 7 days so far)?
    4
  21329.  @MichaelBordenaro  Didn't u see on TV like a year ago.The Mayor of Clearwater quit because the Board SPENT $32m on DUNG..V Bernie 😝😝😝😝
    4
  21330. I don’t believe it will be a decline everywhere. New York snd Florida will see more increase coming this spring in 2023.Florida is the number state people are moving to and as long New York have these very high rents the home market will be in high demand
    4
  21331. My Florida package policy for two cars, condo and umbrella went up just 6% over last year. At least for now I am thankful.
    4
  21332. Hi there. Just wanted to thank you for posting this video. I am seriously looking at moving to the United States to start over in life and contribute into that community. I live in Belfast at the moment and I had plans to settle and work there but that didn't go to plan.
    4
  21333. Boca Raton
    4
  21334.  @MichaelBordenaro  Thanks! You should make a video on it.. on the whole area! What you like/dislike!
    4
  21335. Michael, I would have picked Carlsbad Village, Alabama, and Mississippi. But I still enjoy you vids🤩
    4
  21336. Could you possibly do a driving tour of brickell and downtown Miami at some point?
    4
  21337. Isn’t greed the American way?
    4
  21338. Thanks Michael 👍
    4
  21339. Ownership one is cool. Can you help me find one around this budget? I already stay in a month to month Miami Beach already but I’m paying $1750 for a studio plus $150 per month for parking but the place comes furnished with utilities included
    4
  21340. Knowing where the most expensive/exclusive condos (and homes) are, ask yourself this. Exactly how much power does the Regalado Family have over Miami politics. (see; District 7) I remember when Sarnoff destroyed the Grove via gentrification and doing everything he could to move business traffic out of the Grove and to the Design District where he was heavily invested. Sarnoff was Miami's Gavin Newsom.
    4
  21341. In florida, if kids want to stay in the house they are more than welcome to the basement.
    4
  21342. It's definitely not a "wait out the interest rates" situation. The prices are FAR too high. Btw, housing is also moderating, at least where I live on the Front Range.
    4
  21343. I'm gonna have to give myself 2 years before I make the move. I want to save money. hopefully $10,000-$15,000 would be good enough to move. I dont wanna just move and not having any money. That would mean I would most likely start having a hard time. So I wanna make sure that the financial part is taken care of. In your opinion, what's the best thing to do?. Rent a apartment or buy a house?. I am only one guy with no family or nobody else moving with me. unless they actually have 1 bedroom houses in Florida. Preparing for 2 years should be a good enough time for me to make a list of goals, figure things out financially, and thinking about any important things. and also by that time, the pandemic should be well over and the economy goes back to normal or yet even better than before.
    4
  21344. What is the phrase? Water seeks its own level. Things will eventually equalize. The operative word Is eventually
    4
  21345. Might want to rethink the “fat and disgusting” phrase. But I am hoping to move to Florida next year and I am hoping I’ll be more active when I get there. There’s not a whole lot to do where I live now, so just thinking about getting outside more and walking around parks gives me hope that I can get in better shape.
    4
  21346. It is obvious that auto real-estate and federal Reserve agents are desperate for more people taking on credit, people are doing whatever they can to help them by taking on more credit, I being debt free will sit back and watch the carnage will eating popcorn realizing people will sell whatever they can for pennies on the dollar, be careful folks most people own nothing they are either renting leasing or buying on credit sad state of affairs'
    4
  21347. I experienced that in Japan, great weather just after a typhoon. And, yeah, that'wire transfer is a little scary.
    4
  21348. So, you're a Taurus too (along with your girlfriend). My birthday is next week, as well.
    4
  21349. Oh no, not me Been in several Dade , Broward ,Palm Beach County, 1st floor to 22 stories high. Happy on ground floor, 8 miles away from the beach
    4
  21350. Planing to move to Florida by the end of the year. My wife is a real estate agent in Nevada, how hard is the process to get the real estate license? How hard is to get into the business down there? Thanks for the information.
    4
  21351. Another, packed to the gills, segment, wow the hits just keep on coming.I feel like I received 75min of content, in 15min.Always enjoy your informative, well thought out analysis .The real storm is yet to come, in Fl, with all the properties on, or slightly obove Gulf level.Check out Bradenton Beach trailer park ending, after start in 1935.Ridden through there 100's of times , on my bike, since 1993.😢
    4
  21352. I live in Palm Coast. Not the party atmosphere. But definitely attracts 55 and over crowd. I'm over the bar hoping, dancing crowd. My son is 33. He says St Augustine is a great area for younger crowds. We love Flagler Beach. Thanks for your video.
    4
  21353. So glad to see you two together. You two will be the Robert Kyosaki and george gammon of the future
    4
  21354. I always try to buy with paying 25 % down. This way you are not just giving away money for MIP Insurance. I feel that insurance should be paid by the banks.
    4
  21355. Agree about buying in a cheaper area and selling if you’re in an expensive area. That’s my situation now. Looking to buy in RVA, and live in dc. An standard house in dc goes for 900-1M, even now. Where a new home in Richmond is 400-500k. Really considering it, I’d basically only have a 150k mortgage.
    4
  21356. Up in canada there has already been a 10 to 20% downturn in the market. Big bank predicted 40% downturn in 2023
    4
  21357.  @MichaelBordenaro  You are correct !!! And I never give real estate advice 🤣. I was asking because I think this is the best way to get poor people or low-income people into private housing. Again great show.
    4
  21358. I was working around the clock working remotely.. And I had to work extra to make reports where I could really spend 5 minutes to explain if all of us was there at the office. Coupled with working around the clock, I forced to go back to the office.
    4
  21359. Really? In OC California, mobile homes are $250K with $1500 mo lot rent.
    4
  21360. Nice work, Michael!
    4
  21361. FEELS BAD MAN !!!!!
    4
  21362. strange thing is money just doesn’t disappear, it’s going somewhere.?
    4
  21363. I dont want to live in Florida i just need a Florida residence to avoid state taxes when i retire and live abroad.
    4
  21364. Great videos. Really enjoy the neighborhood walks too.
    4
  21365. I Guess the wealthy will always have the money to buy what they want. It’s sad that so many locals have been squeezed out of their own areas. That’s what exactly happened to me in Santa Barbara, California 😢 The 1% Down will be the “Kiss of Death ☠️” to so many people. First time home buyer’s BEWARE ❗️ Thank you Michael for all your research and sharing it with us. Have a great weekend my YouTube friend, Carlos ✝️🙏❤️😊❗️
    4
  21366. Keep your videos coming! I really enjoy them.
    4
  21367. I know overall Florida is a business friendly State, What would be the best place to start a Tech business in FL?
    4
  21368. Hi Michael! Enjoyed your video very much. Living in Bradenton/Sarasota/Palmetto area for many years. I agree with you about St. Augustine. When I visited there with my brother, we had great time, and it is refreshingly cooler than where I am living now. Also a lot of interesting history and places to visit. St. Augustine has a beautiful beach area to enjoy from morning to night. I wish I had settled there.
    4
  21369. Great video! The only thing I would disagree is the beaches. California has over 800 miles of coastline and for you to reference Venice and Santa Monica to compare to Florida showed a very limited knowledge of the best beaches out here. If we’re talking Southern California, I believe the best beaches are in Orange County by far. Just google Chrystal Cove photos for a look at just one of the beaches out here which is next to Laguna Beach (another nice beach). Newport Beach and Huntington Beach are much nicer than Venice or Santa Monica. Even Corona Del Mar or San Clemente are nicer! How about Balboa or down South, some of the San Diego beaches are nicer than Florida. Anyway, California is a big place with many beaches that would no doubt challenge any Florida Beach. That said, the one good you guys have is the warmer beach temperature! You might like the cold beaches out here my friend, but not me lol
    4
  21370. Hi Mike I'm a long time subscriber. I do real estate photography and am starting to feel the pinch up here in eastern Tennessee which is extremely rural. 4-5 shoots a week has become 2 in just a matter of months and I'm the go-to guy for two agencies because I go the extra mile. I just finished shooting my parent's place and am actually considering moving to Florida where I have access to more clients. Do you think that's a smart move in the current market?
    4
  21371.  @MichaelBordenaro  Correct!!! Which makes us appreciate all the more, those "Turquoise ocean" days. 😎
    4
  21372. This also assumes you won’t have a roommate. I plan to do so after graduating UCF next year. I’m from NY originally, $1,000 will get you a small apartment split with a few roommates in North Jersey. The quality of life for your $$$ is far superior in FL than in NY
    4
  21373. I get the feeling that @Michael Bordenaro wants the economy to crash and people to hurt!!!! Your videos are very informative, but I get the feeling that you want people to loose their jobs, you want people to be forced to sell their house. I get it that prices have gone way to high, however it seems to me that you want the government to do nothing and allow people to suffer!!!!!! Can you please elaborate on what exactly do you want the government to do, allow things to crash and burn, change zonning laws to allow affordable housing by allowing multi family homes, or what. If your answer is allow people to suffer, then I disagree, there has to be a more moral answer than "let people crash and burn"
    4
  21374. I am planning on moving to Florida this year. We usually visit Florida several times a year and without a shadow of a doubt, Florida is my happy place. We don’t know anyone but I am trusting my intuition and spirit.... and going to take a leap of faith and relocate to Beautiful South Florida.... living as close to the ocean as possible. Ocean front- Ocean View. Any suggestions or comments please reach out.
    4
  21375. $5500/Mth!!! WTF?! That's a $1500/mth rental house in a nice/SAFER THAN Miami neighborhood in SE Michigan (NOT anywhere near Detroit). Crazy rental pricing in Miami! Your neighborhood walk through videos are waking many people up. Keep it up
    4
  21376. Hey Michael. I've been watching you for a while now. I'm from SW FL but have lived most of my life in the midwest. Just wanna say you were a big inspiration in me making the move back to FL. Moved back a couple months ago and I'm not sure I could've made this decision without watching some of your vids. Just wanna say thanks for the great vids and positive inspiration 😁
    4
  21377. Kathy Hochul is floridas 2022 realtor of the year. If I didn’t have family and real estate here I would be living in Florida, probably greater Tampa
    4
  21378. i do not agree of anyone from outside the US should own anything. only citizens.
    4
  21379. I paid $38,000.00 for my house in 1983 and could never afford to pay a penny more. I once worked like a beast for $1.15 an hour. People have too much money 💰. Wages are too high.
    4
  21380. We like when your wife comes along with you!
    4
  21381. Thats where Robin williams lived… beautiful out there
    4
  21382. Oh dude please don’t say the word “misinformation”. Just call it how it is and say it is a lie. Just my thoughts on a word that is meant to create grayness and be confusing. The number one thing we need in this world is clear cut language, because many use language to confuse and confound.
    4
  21383. Elderly Drivers + Residents who don’t speak English + International Drivers who aren’t familiar with rules of the road + Tourists from the Northeast States = MIAMI MADNESS … well, really, Florida MADNESS. 🙄
    4
  21384. I took a short little trip and I was at a beach without a board walk, for the first time I was able to just walk on the beach by the ocean and relax. But then I quickly realized how hard it was walking back when my feet kept sinking with every step I took 😂😂😂💀
    4
  21385. Hey Michael, another great video. Would you do a video on where/how snowbirds from Canada should buy property in Florida?
    4
  21386. Thanks for the tour. I've been wanting to see Saint Augustine. It seems very nice. Love the architecture. It seems to have more of a Southern New Orleans vibe than a South Florida vibe from what I could gather from my living room lol. I'll def keep it on my list to check out. I think it's super smart to wait for not only a market correction but a serious crash. It's like we don't learn from history. When people are paying 50K-100K over the already inflated asking price and forgoing inspections and appraisals then that is when you don't buy. The housing market is fake, the stock market is fake and our entire economy is fake right now :( I'd love to hear a video on the pros and cons of Saint Augustine compared to South Florida (not just Miami but also up to Palm Beach area). I'm curious if you think Jacksonville and Saint Augustine will become one because that would totally kill the good vibes there. I know you mentioned Harry's was good but I'm curious if the food caters to tourists or if there are a lot of excellent foodie type restaurants there. I find touristy areas have subpar food. PS I appreciate your authenticity and honesty and that's why I usually let your commercials play out to help you out :) Looking forward to more vids!
    4
  21387. My former taco bell shift manager made over $12/hour. And that was in 2005. I thought that was ok money for that time. Couldn't imagine that today.
    4
  21388. This is current and important content, Please continue making videos on today's Events.....Great Job, Michael....50K is just around the corner !!...
    4
  21389. It’s just the beginning everything is lagging behind in the news and the internet.
    4
  21390. I think where you are living right now is much nicer. Your beach is much nicer and I like the boardwalk that you walk on everyday.
    4
  21391. We put in an offer on a home $25k over asking in Berwyn, IL a month ago. Sold for $27,500 over asking. Hopefully things are settling down.
    4
  21392. PRAY FOR THE PEOPLE ON THE SOUTHWEST COAST...FT MEYERS...PUNTA GORDA...CAPE CORAL
    4
  21393. Thank you for this Michael! My home is only 14 years old and I’m already feeling the struggle and pressure to maintain alot!!! I would sell it in a heartbeat (now seems to be the time, getting unbelievable offers) but my ex-husband and son would disown me because they absolutely love the house!!! :(
    4
  21394. I lived in Miami and tried to find a job, but you have to speak Spanish! I didn’t even have to work, but that’s the kind of person I am. I ended up very bored, moved back to Atlanta:) Probably if I was a lot older it might have been different. Just laying around doing nothing.
    4
  21395. Is there any panhandle videos coming?
    4
  21396. Interest rates are not going to come down - interest rates have been artificially low for 10 years. The median interest rates over 30 year period is closer to 5-6.5%, the economy is coming. back to the mean.
    4
  21397. Cold water and great white sharks, no thanks...lol
    4
  21398. Yes. Please.
    4
  21399. Bought a house in 2009 in Port Charlotte/Englewood..Sold it and building another there now.. The changes in 12 years are crazy.. I am hoping FL wont be so popular soon..lol The road system on the west coast cant handle whats here and whats coming...
    4
  21400. I will not live in a tall condo building when I retire -- maybe 2-3 stories max. I will also reconsider some options I'd previously dismissed, such as retiree mobile homes.
    4
  21401. If I was buying 100% If for no other reason than the uncertainty of the insurance and building maintenance assessments.
    4
  21402. The only regret I have is selling my home so soon. I sold last spring. I owned a 3 bedroom townhome that only went up $100,000 from the time that I bought it 24 years ago! And I had put in around $100,000 of upgrades/remodeling over the course of that time. It, originally, was a two bedroom home. I sold my home, because I had signed a contract on a new home that’s being built in Florida. I’m still waiting for my home to be built. I signed the contract in February 2021. The projected completion was February 2022. Now, it’s Aug/Sept! Of course, I did not know that at the time that I sold my house, but I could’ve, at least, waited to sell in the fall of last year, instead of the spring. My realtor thought spring was a good time to sell, because that’s when the homes were selling like crazy. Well, they are still selling like crazy, and I lost out on about $25,000 plus that my previous home has gone up.. Oh, well. I am living in a one bedroom apartment waiting for my new home to be finished. In the meantime, I’ve been going through all of my things and selling or donating lots of items. I’m glad I have this time to do that, actually, but I could’ve done it while I was still in my old townhouse, at least, until last fall. But, I guess, the fall is not, typically, a good time to sell homes. 🤷🏼‍♀️🤷🏼‍♀️🤷🏼‍♀️. Thx for your great videos. You think of everything.
    4
  21403. I'm a Realtor in Indianapolis Indiana, We are thinking about moving to Florida not sure what area I would like to talk to you if you're open to it about being a realtor in Florida. Thanks
    4
  21404. Saint Augustine, the oldest city in the U.S., been going there since I was a little girl. Born and raised in FL, now live in the cold NW. Its very commercialized now but I still love it, you can just smell the history, esp at the Spanish fort and graveyard. Still my favorite place ever!!
    4
  21405. Hi Michael, I’m considering moving to the East Coast of FL… would love an ocean view, but my uncle suggested not to live too close to the water because of flooding. Any thoughts?
    4
  21406. Don't be telling people to move to Wisconsin lol. Those people will just price out the locals here too. Winters are bad here stay away!
    4
  21407. Again with the awesome content! Pretty much paying for the view and and prime location here but amenities are a plus , good to see the difference in price range all over Miami Beach as well. Agree with you on renting over owning on this one as well.
    4
  21408. A little nervous about relocating to FL or SC next summer only because my husband and I will be 53 and aren't looking to carry a big mortgage. There has to be at least a correction coming
    4
  21409. I see that now it can be just as cheap to live full time in airBnBs as to rent an apartment or home. Plus you wont have the utility bills.
    4
  21410. Ocala has a nice town square - I was impressed. Mike, I enjoy your videos. Will you be traveling over to Dunedin to do a video....that is a really cool town.
    4
  21411. Grew up here 26 years, whole life. Only had a couple of kids on my block. Parents didn't care what we were doing, most of the time it was something stupid. Everyone worked hard. Never any Ferrari’s always corvettes and classics. But I am afraid the last few years, this place that is very special to me, where all my memories are. If you drive through town you might know why. People coming here don't have the same respect for the land or people that you would have seen 10 years ago. Theres a reason people sing about small towns, there is more to them then you can see.
    4
  21412. Optics mean EVERYTHING. You two should start a new channel called, SUNGLASS AWESOMNICITY!!!
    4
  21413. Ormond Beach is nice.
    4
  21414. seems to be an honest opinion.
    4
  21415. Agree with your comment with comment about the housing market lies. Already have 400K in CD's and money market funds. Going to put another 200 thousand into another CD. Again I CAN buy a house. But I WILL NOT be screwed over by Greed.
    4
  21416. Sam's Club $8.00 membership. Limited time.
    4
  21417. 50% correction quickly….no cra$h
    4
  21418. Maybe this time they won't be bailed out and not too big to fail
    4
  21419. Good analysis!
    4
  21420. When the condo has to spend millions to address the 30 year report, is that considered an improvement to make taxes on the common areas go up?
    4
  21421. Great video as always, Michael! My uncle, who lives in Tampa, worked his whole career with the US Coast Guard. He encountered this sort of thing all of the time. This video you made was very thoughtful, and really conveys the desperation and determination people had in making this “boat” to come to Florida from Cuba. We would all do well to remember how good we have it here, compared to people in other more desperate areas. I, for one, am very grateful to be a US citizen, and count my blessings everyday!
    4
  21422. Michael hello how are you and I do appreciate your content even though I don’t live in Florida anymore, but your info is right on about all real estate and whats going on across the whole country
    4
  21423. Great advise, especially about buying at a lower price but with a higher interest rate! Thanks, Michael!
    4
  21424. I heard that st. Augustine is haunted.. is it ? Lol I know it’s a dumb question.
    4
  21425. I've had heated debates with diehard dem friends about this. They flatout deny that the govt is doing this and paying to house and feed them. When I keep pressing them, I hear every excuse in the book like "oh, they're refugees claiming asylum. They're paying for their own flight to the US. The hotels were going out of business anyway. It's the GOP's fault for not passing the immigration bill" These same friends were also dead wrong about covid and the jabs. <rolleyes/>
    4
  21426. Hey Michael. Question where in Florida like in the middle of Florida is it not too hot or not too cold also where there’s no flooding and hurricanes don’t hit as hard do you know what I mean?
    4
  21427. Michael Bordenaro philly is beautiful it is where I need to be at in life I have a cousin there I miss it dearly Florida is not for me anymore I’m a musician lack of opportunities and not diverse at all always hot the people here have that crab in a bucket mentality I’ll see that in philly too and Florida is racist down south in general
    4
  21428. No, it doesn't. I like beaches with palm trees, more lush vegetation and surrounding. This kind of feel bare and not very Florida like. I feel that it cannot compare to Miami.... Sorry....but I truly appreciate that you are showing it to us. I hope you visited Naples Florida, can't wait to hear your perspective on Naples beaches 😊
    4
  21429. Lived there for nearly a decade. Best years of my life
    4
  21430. Love Venice FL! Thanks for taking us along.
    4
  21431. Thank you for making “long” videos. I prefer them so much to shorter videos and I would listen to you for hours.
    4
  21432. Good video Michael, keep up the good work
    4
  21433. I so agree with you on all of this I live in Florida and my father-in-law lives in Vallejo California which is on the Bayside other side of San Francisco and Yep 100% agree with you
    4
  21434. I just visited Florida from Arizona. Arizona is the Sunshine State, not Florida. I bet you guys in FL never even get to see stars in the sky, as there's always a fine mist surrounding everything, and moisture blocking a starry sky view . It's Pleasant there, way better than any of the northern states, No Doubt, but it's not the Sunshine State. PS - My hair went from bone straight to fusilli curls the whole time I was in Florida! LOL
    4
  21435. My plan is to copy a baby boomer I know and be a tour guide driving people around to tour destinations at age 70 if I’m still alive
    4
  21436. What is the foreclosure rates relative to the population of homeowners ?
    4
  21437. I own a townhouse in New Hampshire and in the next few years I plan to sell it and buy a condo down there. This vid was pretty good info.
    4
  21438. I am a dog walker/sitter in Miami Beach for almost 10 years and never had any issues 😉🐶
    4
  21439. They can't (or are afraid of) negotiations. They take it all personally. It's not personal, it's just business. You make your profit when you buy. Period, end of discussion. It's all about the price you pay. If your house isn't showing or selling it's over priced. Period, end of discussion, the market has spoken. FSBO's are a joke and simply don't work. (buying or selling). yes the entire realty industry is a scam, but that's the fee you have to pay. think of it like paying the mafia for "protection". Just because it's "all new" doesn't mean it's done well.
    4
  21440. People don’t shit on the sidewalks in Florida
    4
  21441. Easier in a good economy but looks like economy will take a few years to return to pre virus time according to the university of california
    4
  21442. second 😂
    4
  21443. Very nice to share where you’ve been , the tropical landscape make me dream!
    4
  21444. Stay safe!! Rains are picking up..I'm in the Cutler Bay area. Omg the ocean is nothing like Miami..Xx
    4
  21445. I like the shorter length of this video. With your 20+ minute video, honestly, I usually cut out after ~15 minutes.
    4
  21446. Just looking at some random markets I'm potentially interested in, I am starting to see some price cuts listed. Didn't see them six months ago. Things are definitely changing.
    4
  21447. Thank you
    4
  21448. I'm not a native, but I've lived in Jacksonville most of my life. So I stayed in a few places. Get a local. I've stayed in the 32009 area code and yeah that is not a place for people that don't know Jacksonville....I've also stayed in the 32111 or something like that...that's a decent area, but my definition of decent is completely different from anyone else. And idk the zip code to the other places, but I can tell you that if there is a military base in the area that is close to the beach, that area is lovely.
    4
  21449. I moved from Santa Monica CA to Northern Illinois when I was 32 years old. Still loving it. So glad I never moved to Miami FL. It's a real shit show there now. I love living outside of Belvidere IL. Winning.
    4
  21450. You're right, Michael. Get rich quick fails most of the time. Set your sights on getting rich slow. That's do-able. I'm just an ordinary guy; I did it. Anybody can.
    4
  21451. Your statement on some millionaires' new retirement worry reminds me of "It's Gonna Take a Miracle" (The Royalettes, 1965).
    4
  21452. Good job man! Slow and steady wins the race. Good to see that your views are becoming more consistent
    4
  21453. I work directly with many handyman and they are all telling me that their business has dramatically slowed down. They used to be super busy and now they barely get any job on the books
    4
  21454. I LOVE Juno Beach! I just wish the sand was whiter.
    4
  21455. That's a Beach ! Should be 60 year mortgages !
    4
  21456.  @MichaelBordenaro  dont i need a green card or something?
    4
  21457. Michael, can you look at that house that’s for rent for $350K a month, see if it has bathrooms, running water and electricity, because, usually rents that cheap might be a place without utilities and includes outhouses.
    4
  21458. This video is so important, Michael. I am saving it for my son, who is almost 15, and wants to have his own home so bad! He is feeling like he will need to leave California in order to do it, but he’s ok with that.
    4
  21459. Century village condos are cheap and the amenities are great...with so many for sale you can find a deal !!...or rent one first and see if you like it....truth is its quiet and half the units are empty most of time....
    4
  21460. can't fix stupid! you do a great job on content!
    4
  21461. This is not a student loan forgiveness but rather a student debt punishment for all the taxpayers.
    4
  21462. 3:33 over 800k for that? You can buy a mini mansion with some land here in Pittsburgh area. I guess its the location
    4
  21463. Where I live, the homeowners get pissed off with some crappy houseboat anchored in front of their expensive homes, and there's nothing they can do about it. Some don't even have engines and are towed there. It maybe the only way I can afford to live in Florida. I did see you walk past their dinghy's. I'll just buy a bike and ride to the store.
    4
  21464. I was almost disappointed you didn't list St.Augustine but you did!!. Hope to make it a permanent home someday!
    4
  21465. GREAT PAGE... I HAVE A JEEP RUBICON 3 INCH LIFT WITH A SNORKEL GETTING READY TO MOVE TO FLORIDA READY FOR THE FLOOD TO EVAC LOL
    4
  21466. He's taken l0l
    4
  21467. This is a good mistake. We need to make mistakes and a lot of it otherwiese we will not improve. Important this there is he took immediate action. Others will calculate and calculate,,,do some more research and research and the bus have already left.
    4
  21468. How about $10,000/month in the Miami Beach and Brickell area? Serious inquiry, would like to see!
    4
  21469.  @MichaelBordenaro  Yeah! I tried looking on Zillow but couldn't find high-end rentals in the $9k to even $14k/month range. I feel as if a lot of those listings are held closely by RE Agents, but maybe I'm wrong. It'd be helpful to see what is available in the Brickell / Miami Beach area! I'm an investor / trader in the capital markets (stocks) so hence the range :)
    4
  21470. The last bastion of hope…the mobile home. You are right though…better buy the land with it, in order to ensure you have a better deal. Great video, Michael! Glad you showed us this nice area!
    4
  21471. A lot of fun facts I didn’t know! And funny thumbnail btw 😂 great video topic.
    4
  21472. Housing booming here in norcal! Rates dropped and buyers have come back. There is no inventory and prices still very high. There just are no/very little motivated sellers. The bond market is calling the FED’s bluff. 🤡
    4
  21473. Thank you for the video Michael!! You look like your having a nice day sir. Enjoy!! 😎😊
    4
  21474. Is the weather cooler than where you live?
    4
  21475. I’ll never trust those hatches on sidewalks anymore…hope your ok..😬
    4
  21476. 401k and IRA were never designed as retirement according to Minority Mindset and Robert Kiyosaki
    4
  21477. On Reddit I am seeing an uptick in people talking about being evicted
    4
  21478. Great video as always. Our Bet is you're moving Over Here to the West side with us,in the near future. Hope so.
    4
  21479. I love your sense of humor
    4
  21480. My husband is an electrical contractor on Coronado Island, in San Diego, and he said he is successful because he gives a client a date and a time, and he is there when he says he will be. He said his clients say that you cannot believe how many people will give you a date and a time that they will be there, and then never show up, or show up way later. He said that, coupled with being honest and fair, and doing what you say you are going to do, will get you all the success you could ever want.
    4
  21481. Great job. I wouldn't say I agree with everything, but it is interesting to listen to a good analysis and make own conclusions.
    4
  21482. Plenty of layoffs will reduce house prices due to a large number of foreclosures. If the government doesn’t step in, plenty of houses will be available. How about 2019 prices plus 10 %
    4
  21483. Damn! thats a big ass spider!
    4
  21484. The doom and gloom channel
    4
  21485. Love the walking and talking content. WE NEED MORE SIR!
    4
  21486. Would like to see more of you in the videos vs only narration.
    4
  21487. Very informative channel Mike. Thanks. When you go through some of the ''posh'' neighborhoods in and around the Miami area , I can't help but notice the disrepair on many sidewalks and driveways, and often the fences. I also note that some of the landscaping is in very poor condition, but I imagine that depends on your rainfall amounts. And those red sidewalks. I assume they looked real colorful when they were first poured, but appear to be in very shabby and dull condition in later years. Are these conditions normal in your area? thanks. Rob
    4
  21488. Pay the fair commission.
    4
  21489. It’s high tide
    4
  21490. Love these rides, any weather is fine. Would love to see Deerfield Bch. Area, I lived there 30+ years ago.
    4
  21491. Not to take away from the point but I've always heard 70% don't have $400 cash for hiccups. At any rate the point is clear that is cutting it fine. Your vid is completely addressing the issue people need to hear.
    4
  21492. Looks like a cute town. I love those old style single story Florida houses. Thanks for sharing
    4
  21493. My tent in my local shantytown is only 2k a month for 30 years.
    4
  21494. yes, St Augustine is nice...also love the Coconut Grove area south of Miami..like the Vibe..also tempted by Lake Worth, just south of West Palm Beach but hey, Mexico (Acapulco) is a ton cheaper
    4
  21495. A wild idea would have Citizens Insurance have "no go" zones where Citizens refuses to insure. I feel sorry for all the AirBnBers, slumlords, and flippers.
    4
  21496. Thanks so much for telling me who “belongs” here, so American!
    4
  21497. The prices will def go down. Higher interest rates can give you same payment on a piece of property $300k higher than was before. 3% Vs 6.4% give/take. Current asking $ def are not sustainable. Glad your feeling ok.
    4
  21498. I have never been to Daytona Beach. Glad you had fun!
    4
  21499. The problem with the logic of sellers offering commission is this will no longer be allowed to be advertised on the MLS. So the buyers agent is not supposed to know if the seller is offering to pay a buyers agent. I can see scenarios where the buyers ask for additional concessions (closing costs) to pay their agents but if you have a desirable home that is properly priced you should not need to pay anything to a buyers agent. On the other hand, if you are selling a distressed property, offering some cash incentives may be necessary.
    4
  21500. Omg ur so interesting
    4
  21501. The wild fires are only an issue if you live near areas that are prone to it.
    4
  21502. Love the Mesa. We moved here 20 years ago and I'm only leaving in a pine box lol
    4
  21503. watch this twice hope that helps. love this video the water is amazing
    4
  21504. Also, i think limited agency agreements are going to be outlawed... Ive only done a few where i knew all parties. Hard to be a fiduciary to both clients that you have their best interests in mind..
    4
  21505. I just read an article from The San Francisco Standard by Kevin Truing saying that SF commercial real estate market is expecting a big crash due to remote workers. They have 25 million sq ft of vacant office space.
    4
  21506. Costco is the best place to buy gas in Ca. Save about .35 to .40 cents per gallon. I recommend you get to Santa Barbara & San Diego. Del Mar, La Jolla, near SD. Isla Vista, downtown SB, Solvang, San Luis Obispo near SB. Rush hour in LA starts around 3pm & can go past 7pm. PCH is one of the most beautiful drives in the world. All the way to Eureka. Enjoy!
    4
  21507. I see the Camaro 👍
    4
  21508. Europe here: we tend to hate debt and have been wondering for decades how you across the Atlantic are able to manage with such excessive debt levels. These days, ordinary people here struggle economically, too, but with way lower debt levels, it is not quite as tough. (and property taxes here are a fraction of what you are paying) Commercial property is currently quite a mess just about everywhere, I guess.
    4
  21509. I chose the "no" option because I was never interested in moving to Florida regardless. Not sure if that skews the results. 😏
    4
  21510. Ive lived in Minnesota for 30 years. Florida here I come.
    4
  21511.  @MichaelBordenaro  ikr? Why did it take so long?
    4
  21512. first
    4
  21513. You’re cracking me up Michael. I drive an EV, a Chevy Volt, and sell RV’s for a living. The Volt did it right by having its own gas powered, on board generator for the electricity. Battery goes for 60 miles before it uses gas for the generator. No range anxiety! As far as RV’s…people are still buying them but some of them are choosing to live in them because it’s the only affordable housing right now. Just saying… Keep up the great videos!!! 👍
    4
  21514. Here in Tampa now your videos helped me out a lot and have officially been a Floridian for 5 months love the freedom here it’s unmatched
    4
  21515. Hi Michael, love your channel & content but I think on this one you’ve given some wrong information, if a bank’s policy is 80% , it’s of your home value not your equity, so in your $300k example they will lend the difference of $240k minus the $200 they owe, that would be $40k home equity loan. Not 80% of your $100k equity.
    4
  21516. My family and I have been thinking about moving to Florida, and even before watching your video, our number one pick is Saint Augustine as well. Love it there.
    4
  21517. Perfect timing on this video. I've been seriously thinking of relocating from the midwest to FL and have been spending some time on Zillow. Really shocked by some of the great real estate value in Florida.
    4
  21518. I enjoyed this format and dropped a "Like" 👍🏽Yes I would be very interesting in hearing about the investments in that area. Thank you Michael!!
    4
  21519. Lol at these SHACKS they're trying to rent for $7,500 a month. In a more reasonable area, even somewhere slightly pricey like Buckhead in Atlanta, that will get you an actual mansion on a few acres. People down there are DREAMING. It's ok, we have lots of dreamers around me too.
    4
  21520. Thank you!! This actually makes me feel better about the future now!
    4
  21521. I've heard about these raises in CA in FL from my friend Pete Schiff. Feel bad for you folks as there's not a lot you can do unless you own your home and choose to self-insure. Consider the Valley of the Sun (PHX) to relocate to as I've had nominal premium increases of "only" 10%...of course I'm about to lose 40-50% of my home value as we are at the beginning of our free-fall....Keep up the good work MB!
    4
  21522. Thank you Ellen!🎉🌷☺️🎈
    4
  21523. Amazing.
    4
  21524. Houses are still selling good here my town of Ma. The heating season is starting, and oil is 5.25 gal and will go up in cold months. electrician just got pass to go 63% higher. what could wrong?
    4
  21525. The outdoors and the landscapes are unique
    4
  21526. Another point to consider - Boomers have been working/busting their butts for 40-50 years. They are now retiring with retirement dreams/plans. They want to retire to the same places the "remote" workers want to live. They aren't going to lose out on their dream for the last years of their lives just because of a remote work frenzy. The come armed with high $ from inflated homes sales and sizable 401Ks from years of accumulation and compounding. Over the past few years they've been migrating to safer investments so the stock market clunk of 2022 may not have hit them all that hard.
    4
  21527. now Im depressed. So I shouldnt buy a house for another 3-4 yrs?? What if I put 20% down and plan to stay in the home for the rest of my life? I have no debt, make 150K gross, credit score 720+, and can put 20% down on 550K house. I guess I'm tired of renting and want to fix up a house they way I want... Not sure what to do...
    4
  21528. If wages and opportunity grew with inflation, we wouldn’t see as much petty crime as we’re seeing
    4
  21529. Born in the outer banks and dealing with Hurricanes yearly I am terrified of the Florida weather. Hurricanes and severe weather ~ very destructive. Hurricanes hit on average every 3 years in Florida. Home insurance is ridiculous too. It's all fun and games in Florida to visit but a different scenario to live there full time
    4
  21530. You have a lot of good info. I will have my home, which is very modest in size and price paid off soon. I've noticed in the past how my banker was always trying to get me to either take the equity out of my home for repairs, that I save up for, or to refinance my home at a lower rate, thus prolonging the payments. I find this hard sell to be very upsetting and frankly illegal in practice, but I know it is not. I really don't appreciate the bully tactics that I see in realestate and in banking, and it worries me how someone, who is unsuspecting might become a victim to these practices, and end up loosing everything that they have. I wish there was a way to put a stop to these hard sell tactics. Ms. B. Churchill
    4
  21531. We plan to buy in 2024 in Tenn. and keep our paid off home in Ca. Hopefully the prices will go down some by then.
    4
  21532. Just started watching your videos and your topics are getting very interesting. I love your videos, still watching more and interested to see more.😁
    4
  21533. 🙀🫣😳
    4
  21534. Where do the institutional investors fit into this?
    4
  21535. There are TOO MANY HANDS in Real Estate
    4
  21536. I have to agree. If you can't afford, or don't want to pay for, the extra insurace needed in these areas, then you don't need to live there. I would like to live on the coast but I don't want to pay the high insurance premiums to properly insure my house so I will probably never live there. I am not going to just gamble and hope disaster never strikes.
    4
  21537. Great video! I live in Kissimmee in a 5 bed 2 bath 2 acres for $1200 a month and 35 mins from disney. DO a video of 1500 inside on mainland Miami!
    4
  21538. Hi Michael. You’ve mentioned previously that you’ve gained your knowledge over time and through on-going experience. I think you definitely have “innate” sense when it comes to investing. Thank you for sharing your knowledge and thoughts.
    4
  21539. What do you think of Cape Coral ?
    4
  21540. I purchased in Florida in 2022 and will have it paid off in 36 months. The wife and I focused on paying the principal and sucking it up and only spend on the paydown.
    4
  21541.  @MichaelBordenaro  I really do know that, I had a chance to live and work in Panama City Beach or Fort Lauderdale. I like upscale things just a bit more so I chose Fort Lauderdale and lived there for about four and a half years and then I'd just moved to Ohio lol.
    4
  21542. As a Floridian thank you for doing this. Most people only see our beaches and high rises. The springs around Orlando like Wekiwa are so beautiful as well! Have fun!
    4
  21543. Won’t this economic slow down curb inflation and prompt th3 fed to reduce interest rates
    4
  21544. It is a Shangri-la of retirement. I will look seriously getting a place there. Make more videos on the Villages.
    4
  21545. What a deal! I pay $350 every year to resister my car in SF California.
    4
  21546. I always complained about vehicle registration in CA until I moved to AZ...made CA seem like a steal...I paid 1036 for one year on my car...at least my wife's car was $99 for 5 years! (Ev)
    4
  21547. From Texas here been to both Cali and Florida. I can tell you Florida is better
    4
  21548. Another great video. 👊
    4
  21549. Wow, Mike B. Looking good @ the beach,like the boss off the yatcht to the Corvette.Mike B. Posterize slam dunk & done deal,SOLD!😇👑❤
    4
  21550.  @MichaelBordenaro  Thanks, just found your channel in the last week. Will definitely go watch it and many others I've missed. You do good work here. Respect and thanks
    4
  21551. Great message.
    4
  21552. Rates rising on these prices are going to kill the market.
    4
  21553. Please make more videos
    4
  21554. The 16 owners still holding out probably went into mortgage forbearance and will try to wait for a higher buyout after 12 months.
    4
  21555. That's a very good format!
    4
  21556. You need to get a Amazon 4KFirestick. I have just about every local HD channel in the United States and every single basic, premium and PPV for $35 a month. (For 5 tv's)
    4
  21557. My 1st offer on real-estate is always 5-7% below asking. In the offer I let them know that it is because of agent commission. I normally use a buyers agent and I work out his commission with him direct.
    4
  21558. When are you heading back to Florida?
    4
  21559. Recently Wells Fargo has in some cases refused to give some homeowners their deeds after paying off their mortgages...they are being told to hire an attorney by Wells Fargo officials hmmmmmmmmmmmm
    4
  21560. The proposed solution is to sit a group of 12 years old at a table to discuss this rationally. The solutions will be far more useful than what we have today.
    4
  21561. Beautiful lady! Another excellent video, thanks for the effort you put in.
    4
  21562. Housing Market will crash b/c of the absolute greed-real estate investors, banks, builders/developers buy land and build only single family homes not affordable or large occupancy housing. These greedy people cut trees, clear green/natural areas simply to make money-Bad Karma!
    4
  21563. The UK economy is hurting for all the same reasons as in all other countries PLUS the self inflicted wounds from Brexit, that resulted in higher prices of European imports in general, an exodus of financial and other companies to Europe, and an exodus of EU citizens that got fed up with the anti-immigrant rants of the governing party, which left the UK with lack of workers in many sectors which also hit the supply side of things.
    4
  21564.  @MichaelBordenaro  thanks Michael! By the way, I hate shopping more than anything! Lol, but what I love is finding a bargain or better yet a treasure, though I have downsized on many things like clothing and other things I don't need much of. But for example I recently got a piece of Rosenthal mid-century Pottery for $25 and I found it online today for $495. I also bought a "Highwaymen" painting for $10 at a garage sale and I sold it within an hour for $400. I can't say that happens all the time but I have found many treasures. Anyway, keep up the great work.
    4
  21565. Ive lived in SoCal my whole life i recently moved to MI and have become so depressed, gained weight,and lost a lot of motivation. Ive been visiting florida to prospect somewhere to move to and everytime im down there i feel elated and free. This SoCal girl is not ment for these dark winters lol
    4
  21566. The NBER - National Bureau of Economic Research is the entity that has historically been the organization crowned with the duty to Officially Declare U.S. Recessions. However, its not unusual for them to take six months to a year to get around to actually declaring if an economic downturn was a recession. However, the 2 consecutive quarters of negative GDP has been the quick and dirty definition of a recession. The main difference with our most recent back to back quarter GDP drops has been that Employment has been very strong. But, Employment Economic Indicator is considered to be a "Lagging" indicator. My vote is we are already in a recession.
    4
  21567. 10 year yield over 3%
    4
  21568. yayyy !! new symra. can't wait for that one Tim and Jen tracker went to some nice food spots over there !!!
    4
  21569. I like landscaping and minor handyman.Thank you Michael.👍🏻
    4
  21570.  @MichaelBordenaro  What about dog walker❤️loves dogs
    4
  21571. Woww. What. A veiw 10:10. Wowww
    4
  21572. It’s nice to have Travis on to get his tru opinions. I just went and Subscribed to Travis’s channel. Thanks for sharing. Now I know that if I need to wait before I buy again. I will wait.
    4
  21573. I would still buy now if I could get a good enough deal and the payment was affordable so I could pay more than the minimum to try and get myself in a position to refinance down the road. It's sad that I am finally ready to buy and here we are where we are in the housing market. It's sort of par for the course when it comes to my timing. i have been window shopping houses for the last 2-3 years so I already have an idea of what these homes are really worth so it helps. It sucks we have to try and get a deal before some scalper/investor swoops in with a bag of cash but my credit score just hit 830 today and I have assets saved and no debt. But I also live in a complex recently purchased by an investment firm who said they're not sure if they're raising our rent another 30% next year so I don't have a lot of choice.
    4
  21574. I’m in Palm coast it’s lovely here
    4
  21575. Rent is even worse.
    4
  21576. The channel is really growing. Fellow Floridian and former Illinoisan.... stumbled across your channel while researching moving to Florida, I think I sub'd when you had your push for 1k subs!!
    4
  21577. There are no private beaches in Hawaii. The beaches are for everyone.
    4
  21578. Thanks again Michael for sharing another video, at least you gave it a try and you can always say you’ve both been there to anyone who is considering it. Best Regards to both of you.
    4
  21579. Do you have any other FL specific areas to move you’d like to since the trip? For me, if I eventually move to FL, I’d probably pick either Tampa or Orlando? A nice balance of things. The income opportunities are probably less than in other parts of FL but it’s offset due to the lower cost of living.
    4
  21580. Love your VIDS. Planning to retire in Florida in about a year. Would you kindly show the places on a map while you talk about it, so we get an idea where it is. Thanks.♥️🙂
    4
  21581. I’m only 15 a sophomore and I live in Utah but I’m thinking about college and I want to move to Florida and have been thinking about going to college in florida
    4
  21582. Great vid. Can't wait for the 500k edition 🙇🏻‍♂️
    4
  21583. Thanks for your insights Michael, it's really good to hear your thoughts on starting a business in Florida. We're planning such a move (as soon as the corona situation gets better) and it's reassuring to learn how basic business skills will get us far.
    4
  21584. On Thursday, May 25, 2023, the national average APR for a 30-year fixed-rate mortgage is 7.415%, an increase of 26 basis points from a week ago.
    4
  21585. With all due respect, it's starting to sound like you're disappointed that things aren't nearly as bad as you predicted...
    4
  21586. Omg! How people survive in Miami ?? Mike, you are paying huge amount of rent every month!
    4
  21587. I live in Palm Coast on a salt water canal with a dock and boat lift. I paid about what an 800 square foot condo costs in Dade County. From my neighborhood in north end of town and can get to any house in Palm Coast in 20 minutes, and St Augustine or Daytona in 30 minutes. Most restaurants are less than 10 minutes away and some are 5-7 minutes away. At first I missed a downtown area but not having one eliminates commuter traffic. We have an extensive network of foot and bicycle paths so I can ride to restaurants, grocery stores, and other retail. Personally, after working in a large downtown, I don’t like crowds or endless traffic, so I wouldn’t trade my home and lifestyle for the most expensive penthouse on the water in either Miami or Tampa. Now Sarasota…maybe😉
    4
  21588. The Jacksonville house is not in a good area
    4
  21589. McCrispy Soylent Green... Hmm, sounds delicious 😄
    4
  21590. I live in Port St. Lucie and in my neighborhood we don’t have sidewalks except the main streets for the most part
    4
  21591. Another really nice video !.....I can't wait to see your video(s) on the Villages......Thank you...
    4
  21592. Florida forever ^^
    4
  21593. In Germany the income tax is between 14 and 45 percent depending on your income
    4
  21594. I am enjoying binge watching and liking the videos I missed ,. Thank you and thank Lizzie for all your hard work . 💐💐💐💐💐
    4
  21595. Maybe because I got used to cops in Miami, but I like the way don't move if there is no real crime going on. You as a citizen you can talk friendly with the person in the middle, and fix the problem, if the guy blocking the way is not experiencing an emergency... that happens a lot. I feel Miami wasn't designed for be the international city is today so a lot of change have to be done (and will be done) in the next years. Believe me, one time I got flagged down by a person that was assaulted, stabbed and received multiple injuries, because I work in ambulances and I called 911. The response of police was outstanding. Less than 2 minutes. And they have a system to track the criminals through the area and deploy units to catch them. Believe me, to do that , they cannot be busy talking or dealing with the truck guy. It looks they are chilling: they are not.
    4
  21596. We asked and you delivered on our request you walk through the hood . I was just wondering are there any new single family home construction in your area? I would like to see some examples of the prices etc...
    4
  21597. You featured the place I just closed on last week in Lauderdale-by-the-Sea (7:00). LOL. Needless to say, it is not for sale, although I suspect the listing agent (whom I have never met) is doing something highly unethical by listing my unit "for sale." I actually reached out to Zillow and they said they couldn't do anything about it since it is in the MLS. Very, very shady... Anyway, where to begin... first of all, this unit is no longer for sale (obviously). Secondly, I did not pay $199K for it; I actually paid a little bit more due to a competing offer situation. Thirdly, the kitchen and bathroom have not been updated since the 1970s (!) and it badly needs new (impact) windows/doors (which explains why there were no interior photos in the listing). Fourthly, it is a stock cooperative, not a condo, so there are very strict bylaws that have to be followed, e.g., no renting is permitted, ever. Fifthly, no financing is permitted; cash only. So, as you suspected, there are some asterisks/caveats to this listing. Now, if you can deal with all of that, it is a very well-run, well-maintained building with solid financials/reserves, a 24-hour doorman in the lobby and relatively low monthly HOA ($404/month), which includes basic cable TV and 1 parking space. But most importantly, it is right on the ocean and the SE views of the ocean and the NW views of Lauderdale-by-the-Sea to Hillsboro and beyond are SPECTACULAR. The residents/members are a bit, uh, on the mature side, but they are super friendly and outgoing (mainly snowbirds from the Northeast and Midwest). I was initially a bit nervous about being the only non-white resident in the building, but my concerns were very quickly laid to rest. So I have some gut renovations planned and I expect to spend an additional $50-60K on that. But when all is said and done, I will have a beautiful, "brand new," modern little winter nest looking over the ocean for well under $1K/month including HOA, insurance, property taxes and utilities. My intention is to live half the year there and half the year in NYC, but I may be tempted to make LBTS my full time home if I can tolerate the summer. This is pretty much the cheapest oceanfront living arrangement you can find in the Fort Lauderdale area, period, and it's actually a really nice situation if you can deal with the stipulations.
    4
  21598.  @MichaelBordenaro  Thanks. Yes, I had to pay cash for it, but I was going to do that regardless of whether it was a condo or a co-op. As far as "needing" work, it is technically functional as-is. I just have strong personal preferences about decor/finishes. So even if it was in pristine renovated condition but with chintzy contractor-grade finishes, I would renovate it again anyway to suit my taste. So, in a way, I was happy that this unit was not updated; I did not have to pay for someone else's ugly renovation. By the way... not all co-ops are the same. Some require all-cash, some allow financing that meets strict guidelines. But, invariably, all co-ops require full disclosure of your liquid assets, income, tax returns, background/credit checks and even personal references. This co-op in LBTS also required an interview, but it was not nearly as bad/invasive as my co-op interview in NYC. But I have to say... I instantly feel like I belong to a club where everybody knows each other. There are almost daily potluck parties at the pool area (right at the beach) where people are drinking wine/beer, gnoshing on deli sandwiches and desserts and just basically living their best lives. Everyone in the building is invited. This is usually a nightmare for introverts (like myself), but I have to admit that I am really enjoying the social aspects of living in this co-op. This is definitely not an experience you would find at a traditional condo full of strangers.
    4
  21599. Pronounced Spoke ANN
    4
  21600. Good job ; Michael!!! Love your story time; away from the banking stuff ❤ from California
    4
  21601. I think you're right. Peter Schiff agrees, after all he has been saying the sky is falling for over 10 years
    4
  21602.  @MichaelBordenaro  yes it's true. There are some people from the south moving north while there are those from the north moving south. It all comes down to one's preference and what is convenient.
    4
  21603. Dear Michael, Can you make a blog explaining what taxes the buyer of property has to pay. Please cover the cases for a brand new and not new property: house, townhouse, condo. Hello from Vancouver
    4
  21604. Nice you’re back to FL from CA Mike. I got a lot of traveling myself after the new year in January. I get my covid booster vaccine next month and then I’m back in the sky. I’ll be flying to Florida/Jamaica and then to Texas/Panama/Peru for different vacations. I figure waiting over two years to start traveling internationally again is a long enough wait. If somebody moves to FL in 2021 and gets a full-time job making about $35k gross a year by themself with no spouse or kids, is it realistic for them to be able to comfortably afford to pay rent and other bills/expenses just about anywhere in FL? Thanks for your input my friend. 👌🏻
    4
  21605. Always interesting. My new favorite channel!
    4
  21606. Love your shades, Michael. And the content is awesome, too! 😉👍✌️❤😎
    4
  21607. Micheal I cannot even afford my home if I were to purchase today. 😁 I would have to own Tesla or Microsoft to be able to afford anything!!
    4
  21608. Now those are affordable houses.
    4
  21609. Just want to put it out there that issues that may come up on a buyers home inspection that the sellers didn't disclose doesn't automatically make the home seller a liar, criminal, or villain. The sellers may not have even known about the discovered issues, or may not have completely understood the question, or may have honestly forgotten about some old issue. They might have not been living in the home personally and issues were not communicated to them either. Lots of reasons. All the more reason for buyers to do their diligence, get a good inspector that works for them, and don't rely on a seller disclosure or even a seller provided inspection report.
    4
  21610. It’s only doom to the ppl that can’t take advantage of other ppl lol
    4
  21611. Hawaii and California Has the lowest home insurance I only paid $1000 per year For home owner insurance on 2 story home but on single story home it a bout $600
    4
  21612. Ultimately you just have to be sure that the building you live in is structurally sound. I always wanted to live in a hi-rise. The higher the better. I always lived in 3 story units or 6 story elevator apartments. That's why I chose a townhome in Florida. Like the single home family feel rather than a building. Of course this tragedy will affect the condo real estate market for a while, especially in Miami. Fees will go through the roof. So will the building insurance and personal insurance. You're fortunate that you rent and don't own. Buildings can pancake on themselves but usually old tenements with construction around them or a fire or explosion. I'm just so sad for all those poor souls. I'm keeping all those affected in my prayers. It's normal to think of this constantly because you're at the epicenter of the tragedy and morbidity of the situation. Be well.
    4
  21613. Yes Michael, the beach IS disappearing. Waikiki has to have sand trucked in or their beach would disappear too. My favorite beach is pretty much the same, but there is more plastic trash washing up. I always walk the beach before I leave and pick things up. It’s clean because the military keeps it clean. I try not to get too attached because I’ve heard rumblings that it needs to be open to the public. I’ve raised my children on that beach, and brought my Grandchildren there too. I’d hate to see it trashed. People are incredibly selfish sometimes I think.
    4
  21614. The power outage gives it a cool look! Can see the sky!
    4
  21615. Lack of financial literacy is all by DESIGN!!!! Public (compulsory) school 🏫 is population control and manipulation at its most effective.
    4
  21616. Explains the rusty suspension lol
    4
  21617. I was so house poor that I could not afford to buy a car new so I drove the same car for 20 years until I payed off the mortgage and still have the same car
    4
  21618. There is also the 10M plus invasion of illegal immigrants (in just the last three years) that our current fabulous administration is now having to find a way to pay for. i.e. the taxpayers.
    4
  21619. Thank you for sharing your thoughts and videos. I hope you have a enjoyable and Happy New Year's Celebration. Be safe..
    4
  21620. My advice is, if you're retired or near and your debts are manageable do not sell your home... yes the money there offering sounds exciting but if you expect the offer you are no longer in control you've handed it over.. research the expenses you maybe in over your head on the costs of everything !
    4
  21621. Lisi on security ❤ they better watch out
    4
  21622. North Miami Beach. Nice area and I have been going to Haulover Beach for 30 years now.
    4
  21623. No kidding. They know everything about shortages but won't say a peep about foreclosures ramping back up and the shear cluster f that is affordability
    4
  21624. thank you for educating many who need to understand that the inflation in daily use items will continue so conserve the rainy day is here and its an atmospheric river!
    4
  21625. those houses are so expensive, million and million, they don't really impress me for that price.
    4
  21626.  @MichaelBordenaro  You are welcome.
    4
  21627. I'm with you Michael. As always regardless of the content it's well appreciated
    4
  21628. Hi, Lizzie!🙂
    4
  21629. You brought up a good point you need 3% equity in your house or 97 LTV when you refinance. It’s not true that it will be easy for everyone to refinance once rates come down
    4
  21630. If your home is underwater/negative equity most banks won’t refinance… you’ll be stuck for years and God help you if for any reason you have to sell. You’ll end up owing the bank… not a pretty sight… don’t do it!
    4
  21631. Lived in Ormond Beach for 8 years around 1986 and loved the area!
    4
  21632. Awesome video, Gracias ☺️
    4
  21633. Fed needs to unload the MBS on their balance sheet asap. It's holdings are still at all time highs.
    4
  21634. Scammers are rarely if ever caught....or convicted...it is a low risk and high payoff for the criminal....
    4
  21635. I would not move to California if someone gave me a house and paid for me to move there. I am not kidding.
    4
  21636. Utah is gorgeous, but you are so right I would be looking at the ground to see what could kill me ha Awesome place to play a guitar👏👏👏
    4
  21637. We don't choose our own destiny. Our destiny chooses us.
    4
  21638. Ah the dreaded check engine light! Nothing takes you down faster. So glad this was an easy and fast fix for you!
    4
  21639. it’s ridiculous, i went to the corner store to get a gallon of gas for my lawn mower. i decided to get a candy bar for my sweet tooth. the candy bar was $2.09! it wasn’t even the king size either, just the regular size candy bar.
    4
  21640. hi im from new york, thinking on moving to florida, i apply to get home but need it prove of income over there and was denied the loan because i live in new york. Any advise?
    4
  21641. Omg! You’re 33! The salt and pepper hair fooled me. I was guessing late 30s but you have a young face. I can’t believe I’m older than you 😂😂😂
    4
  21642. I like your voice and walking video 👍🏼
    4
  21643. Nice job! Thanks
    4
  21644. Down town is the only area that may look like Illinois, the rest of the area won't. This is a tiny spot of Ocala, jess saying as a local, I never go downtown.
    4
  21645. that mesa rectifier is all I see..
    4
  21646. I used a flat fee broker in 2021. For $3K I got a sign in the yard, a ton of nice photos, listings on all the real estate sites, an app for showings so I could be gone, help with the “negotiations”, and closing. I could pay the buyers agent whatever I wanted so I paid them $3K also. It was comical though the broker said if I didn’t offer the buyers agent something they would steer people away. Wouldn’t possible buyers have already gone online to find houses they were interested it? Who waits for their agent to “find” them houses.
    4
  21647. Except the biggest problem in California also is the fact that California has almost 50% of the entire us population of homeless people and definitely the most dangerous gangs. You can go to Hollywood and do the walk of stars but it isn’t pleasant and it is full of druggies shooting up on pretty much any street in all of LA. I live here and can not wait to leave at retirement. Otherwise a good comparison though but the impact of homeless and gangs out here is underestimated by anyone who hasn’t or doesn’t live here. The shine left this state years ago.
    4
  21648. so how i am taking it in is an apartment is rented and a condo is like an apartment but you buy it you dont rent it and its not owned by a company renting them out to people.
    4
  21649. Start with 100 every paycheck, increase that amount as your paycheck allows you. Put that money in a saving account and forget about it till you get enough money, then, invest it and let that money work for you, do not touch it, and do not use it ever, is your retirement, I did that myself as well as been lucky in business. I retired in 2015 and II live very very well. Will never worry about my self nor my children.
    4
  21650. It's a very strange and bizarre place to do just about any type of business indeed. And it's all around you, from your lawn service guy, to your vet, to the delivery guy delivering your fridge, to the plumber/handyman guy you hired to do some work for you and skips town without finishing the work. It's almost in the DNA because you really do see it everywhere
    4
  21651. Life is fun in The Villages 😃👍🏻👍🏻
    4
  21652. Biden said the economy is great, so what’s the problem?
    4
  21653. Lehigh Acres - pronounced "Lee hi". Great video! You always do a nice job!
    4
  21654. Mike needs to do a video with 50 people walking behind him
    4
  21655. Living the dream on $2500 a month. Santa marta colombia. Locals clean all the 2nd home condos..
    4
  21656. Nice shirt 👕 indeed!!😻 Happy holidays to you to, it was fun to go on walks and hear your thoughts all year, feels like a friend 💞🌈🙏
    4
  21657. Despite my long-winded post about Club Radisson, I am a Hilton Honors member too and I was surprised that Michael found a Hilton to be not as good as a Country Inn & Suites. Some of the best beds I have slept in were of Hilton Hotels, I had a really good one at a Hampton Inn once as well as one at a Hilton Home2Suties,
    4
  21658. Want brand new. Wow. People soon will be lucky to have any roof over their head. So thankful I grew up in Miami with wonderful new and used apartments and townhomes for about $150 per month. Today, this new agenda will price out most people and people will be thankful to be able to afford anything livable. Give it another year or two.
    4
  21659. Thank you for sharing your family with us. What a blessing to have such a wonderful family.
    4
  21660. Govt won’t let it happen
    4
  21661. This town is sooooo cute! I loved it! The buildings were so beautiful! Maybe you could go back when it's a little more active to see if it's more of what you like. I think it looks amazing! It would be nice if there was at least a couple other beach entrances... I'm sure if you live there you're be bound to get to know people in all the different neighborhoods. If the people are as friendly as they seem I'm sure they'd let you through some of their private entrances to the beach. Man Michael I was set on Miami but you're showing me some amazing places! What's a girl to do?! lol
    4
  21662. Michael Awesome, I just moved here 6 weeks ago and continue finding/looking for that right place for me. Great Job!!
    4
  21663. Could you perhaps make a video on how Florida differs from Texas, more specific Austin. Both in culture and climate but also the people, politics and cost of living. That’d be an interesting topic, at least for me haha 😁. Otherwise a great video as always, I’m looking forward to your next video! 😎☀️ Have a great day.
    4
  21664. The Bull Is Falling!
    4
  21665. I agree with you, too much driving.
    4
  21666. I lived in Cape Coral for 3 yrs and as a single mother of 3 it was the best years we had. Cannot wait to move back, hopefully soon
    4
  21667. CA should have been blue instead of red. FL looks good
    4
  21668. Lesion learned # know your neighbors bring them a great bottle every now and then know who lives around you Lesson learned !!! Trust no one
    4
  21669. perfect, thanks for the drive tour! watched in 2160p 4k
    4
  21670. I have a hybrid (a 2015 Toyota Prius). I get 50-60 MPG, it costs way less to maintain than a gas car, and costs way less to insure than a gas car. Hybrid technology works for me for all of these reasons. Additionally, a hybrid has an added benefit of allowing you to comfortably live and sleep in your car in any climate. This is because of climate control technology unique to hybrids. I save thousands of dollars every month by doubling my car as my home and economically maximizing my car payment to also be my house payment. It is a generator on wheels and provides you lots of freedom and flexibility.
    4
  21671. Hi Michael. Can you go in the pool?
    4
  21672. Michael Bordenaro Thank you. That’s a bummer. I’m glad that you were able to hit the pool for a while though.
    4
  21673. Keep saying the truth, you are amazing. Thank you.
    4
  21674. I have 7 credit cards and I ain't afraid to use them
    4
  21675. I know this is CA vs. FL.....but here in NJ we have it all.....Beautiful beaches, mountains to ski, farmland, cities, wineries, farmers markets, lakes, beautiful wooded areas with rivers & streams, close proximity to NYC to do tons of things, close to Philly if you like that vibe, small towns, big towns, one of the best educational systems, super quiet areas, amazing restaurants, high paying jobs, great shopping (if you are into that), 4 seasons, etc......Downside: taxes are high, & winter-which seem to be getting milder due to climate change.......I love NJ but am seriously considering a move to FL for retirement. I am tired of paying high taxes & I want to see palm trees every day.....That is snother CA vs. FL issue: Everywhere you go in CA, real estate prices & taxes are high ALL OVER..... FL is more diverse in terms of housing & the taxes are low....I hope FL has amazing restaurants...! CA has beautiful scenic drives along the coastline.
    4
  21676. These fast food chains convinced me I should meal prep 💯. Once you run a cost benefit analysis, you can eat shrimp , prime rib & vegan options for 2 days of fast food cost (single or any family member numbers) for almost 5 days .When my area started giving me a small fry & I could count the fries costing me $2.89 , I was done eating out .
    4
  21677. I wouldn't listen to anyone who says home prices are only going to go up. Two years ago everyone was saying prices would not decline and just keep going up at a slower rate over the next few years. But here we are with half the country down with some areas over 30% below summer 2022.
    4
  21678. Glad you are enjoying this trip and got lucky with your Jeep!. There is a whole world out there from Miami for . Thx for sharing !
    4
  21679. Great advice!! By the way, that Mesa Boogie Amp is badass!!
    4
  21680. Is capital one good?
    4
  21681. You have to move to Fresno to find homes for 300,000 or less in California. From what I can tell Ventura is the cheapest beach housing south of Eureka although Marina by Monterey and Oceanside by San Diego are the most affordable. Check out Marina Del Rey the next time you visit Venice and Santa Monica. I attended Venice high school so I know the areas you’re discussing but I’ve only lived in Cape Canaveral, Jacksonville, Orlando and St Augustine but I still haven’t been to Miami. I lived in Monterey and it’s great in the summer on rare days California hits 100 degrees in July while Monterey is 75 degrees the only other place that cool is Eureka area towards Oregon. But the water temps north of Los Angeles are freezing. I haven’t been to South beach but I’d say women in Los Angeles are more attractive than women in central and north Florida. I don’t go to Gainesville so maybe there’s exceptions? My ex wife knew Bill Maher, she didn’t think well of him.
    4
  21682. The situation that is created basically helped everyone who had a loan and changed jobs for more pay. People who didn't have a loan, rented or didn't get a pay raise got screwed over. Definitely unfortunate. Miami is going to become the next California. The best way to prevent price increases is to prevent people from moving there. Not just talking about immigration but also including other Americans. State government should charge an incoming tax for non residents if they cared for the locals. The way Florida handled the mask mandate is what attracted people to move there and increased the price on homes and rentals. That's not the only reason people moved there. The stock market wants to go up. When the easing stops, I think it'll keep going up. If it drops, hopefully people will be able to buy more. How many of those people who are wishing for a crash, decided to wait for a crash in 2020 and will still have their jobs after the crash? I know people who lost their job while waiting and gave up on looking. They were able to buy years ago but chose to time the market and get foreclosures. Everyone thinks their job is guaranteed and their ish don't stink. People think they're job will survive anything. No job is guaranteed, things can change and it's best to take advantage of the time you qualify. I've lost my job over a presidential decision and I don't even work for the president. I've lost income for different reasons many times. Wishing for a crash sounds like wishing for someone else to become homeless so you can receive. That crash might not happen. I'll be surprised if it goes the way people are hoping for.
    4
  21683. I'm Here 3 Yrs .... From NYC ... Best Decision I've Ever Made .... Love The Outdoors, Beach, Ocean ETC .... It's An Adult Playground ... Only Struggle Is The Food .... That's Better For My Kitchen Skills ... Now Can We Just Open Everything Back Up And Get Back To Normal Please ... This Scam Is Enough ... Also Florida Is 2nd Amendment Gun Friendly
    4
  21684. Homes here are still so Overpriced!!! Totally unaffordable!!! Our home that we built back in 2000 is 4 times what we built it for!!
    4
  21685. I pId $18,000 last year in state income taxes IN Georgia. Gladly would have paid $7,000. Propery taxes were only $4,000
    4
  21686. Don't know if it's possible but hope it happens... real estate prices need to come back down from the clouds ⛅️
    4
  21687. I don't like checks. I use automatic electronic transfers as much as possible since postage is so high. I had checks get lost in the mail, so I had to put a stop payment on it. There were some cases I had to write a check, but I write very few of them.
    4
  21688. The Real estate market here in Phoenix is a dead cat on the road!!
    4
  21689. When something goes wrong on a RE transaction, the buyer or seller is most likely to blame their agent and/or their loan originator. Ridiculous! Great video Michael! ❤️👍🏼
    4
  21690. what is the coldest temp in miami while day light ?
    4
  21691. Me after point #1.... "Laugh/cry in military"
    4
  21692. 34 trillion reasons why, it just doesn't matter...
    4
  21693. Yeah, we went to Bonita Springs while staying in Ft Myers, it was really nice & low key & location is great. That darned Red Tide is truly something to consider if thinking about moving to the gulf coast. I’ve yet to see it but heard it’s gosh awful.
    4
  21694. Just imagine how much worse the quality of fast food will get due to this mess that's been created. This world is on it's last leg.
    4
  21695. Thank you for showing this as an area resident. Different perspective from the media. Horrific and disturbing. My heart goes out to the families now homeless and those waiting to hear where family members are. This should not have happened in 2021 in a developed country like the USA.
    4
  21696. House prices are a little whacko. House on market for 3 months, so seller’s response to no interested parties? Raise the price! That will surely spark interest!
    4
  21697. I food and energy and insurance has all sky rocketed of course its effecting household
    4
  21698. All your videos, long or short, are fantastic.
    4
  21699. I really love your videos, and you are marketing Florida as an irresistible place – and we are completely sold!
    4
  21700. Just adding to the info about San Diego, the immigrants/working poor low-income people get subsidized utility rates, so it's probably not them.
    4
  21701. Looking good bro!
    4
  21702. Do you think Central Bank Digital Currency will arrive when defaults become a tidal wave? Is anyone talking about CBDC? Is the US dollar ending soon? The USA is in big trouble when we are no longer the World Reserve Currency and they end the Petro Dollar!
    4
  21703. Very informative video. Bowman beach area seems like a winner. If the beach has no restrooms and no showers, that is a no go or is $25 bucks for 2 hours, that is also a no go. Are motorized scooters etc allowed at the Bowman beach? That could ease the burden of walking down to the beach with all our gear. However, then you need to out the freaking scooter somewhere. Sometimes you really wonder what goes through this people's heads that are in charge. It could be that they charge so much to keep the trouble makers out. Unfortunately. that could be a necessary evil? Oh well, Appreciate you Bro. Sorryu to see the Beach Videos coming to an end. I will be hopeful that your put together a summer of your findings. You didn't really go into the real estate options in this area, how was that?
    4
  21704. What kind of down payment is your buy vs own research based on?
    4
  21705. Looks beautiful there. The equivalent up here on Long Island would be Fire Island, and more affordable. Warm only 6 months of the year though. But no alligators or snakes.
    4
  21706. Many of us that have warned people not to buy houses and were ignored or called doomsdayers, yet people have banking on what the media has told them that rates will come down, along with realtors. Even if the government doesn't hike rates anymore, they will not be lowering them for a minimum of 1yr.
    4
  21707. The person with the overgrown yard might be broke to pay landscape and/or buy the equipment ?
    4
  21708. Honestly, people, folks have to move to a less expensive place to live.
    4
  21709. What is your opinion of the impact of a shrinking population on real estate? Last time we had a shrinking population at large scale was 500 yrs ago. Based on age graphs we will be having a declining population for at least the next 30 yrs if not longer.
    4
  21710. Start small & build up over the years.
    4
  21711. Since Redfin, Compass, mortgage lenders and other corporations in the residential RE market are ramping-up layoffs, as well as THEIR future layoff predictions, then THEY believe a CRASH is unavoidable - - Labor was difficult enough to recruit & retain in all sectors prior to the current rapid rise of inflation in 2022, so THOSE residential RE market related companies would not begin layoffs now and/or project future layoffs if THEY thought the residential RE market was only entering a 'correction.'
    4
  21712. Whatchu doin' in Cali?
    4
  21713. Owning a home in US for decades I just can't become a renter. I want to take advantage of the affordability of owning a home in US. Trust me not that many people can own a home in countries like Taiwan, Japan, Great Britain etc ...to name just a few .... trust me on that !
    4
  21714. If it goes back to how it was in 2008, I'd be interested to see what deals are out there, but currently, even rundown complexes run for 150k+ where I live. In 2008, these places ran for 40-75k.
    4
  21715. Love seeing Lizzy & good points about Florida.
    4
  21716. Unemployment and credit line limits are the issues imo , ubi china surveillance worldwide is a realistic future
    4
  21717. California always led Florida as to bubbles inflating or deflating.
    4
  21718. I hate to be Mr Doom and gloom. The reality is.The country is not in that position anymore. We have a fake economy, for at least conservatively a decade now. They're going to raise the rate. To test the waters. When they do .This house of cards all starts falling apart. They're going to lower the interest rate right back down. Japan is going to have company 😜
    4
  21719. Admittedly I don't know much about RE, but I find $1.2 million for that featured house absolutely RIDICULOUS!
    4
  21720. Agreed, I'm surprised by the homelessness of Denver also. It's really sad. Many of these folks can be our veterans or homeless that may be suffering mental illness or worse. So I have a have a deep empathy and compassion for these folks. Great you found some nice parts of Denver with live music and and good beer. Red Rock Amphitheater is a highlight of the trip or at least Denver so far for me. Absolutely gorgeous. I love earth tone colors. What I love about the west is that it gets it's color from the rocks, the dirt, bushes, and flowers. While in the Mid Atlantic we depend on the trees and flowers. Thanks for the video.
    4
  21721. I am seeing price drops in Northern Colorado-I have been following the market there for about 18 months. Loads more inventory as well.
    4
  21722. Love it! Glad you enjoyed Hermosa Beach! The views from the top of Point Loma in Adam Diego are the BEST, if you come back to San Diego sometime. One day, I am gonna get to meet you and sweet Lisi!
    4
  21723. same story in the car biz
    4
  21724. Congratulations!! Well done!
    4
  21725. Needs to come way down at least 30%
    4
  21726. Why would you want to move to the Gulf coast which all the red tide? The east coast seems way more appealing.
    4
  21727. Where was the shot of people walking along with shops to the left and the beach to the right? It reminded me of what I’ve seen of CA. Somewhere around the 7:30 mark.
    4
  21728. Seems like a really cool place! Another beautiful beach. Thank you for sharing. I can't wait to see the episode on Annemarie Island that you mentioned. I saw some footage and it looks like a really nice place! One on the bucket list
    4
  21729. Winter is coming...
    4
  21730. This was helpful
    4
  21731. I've got an idea for inspection of a foreclosure. Break in to perform the inspection. If the police show up, tell them you are a squatter. Wait until they leave and then you can leave too. Problem solved.
    4
  21732. I always enjoy watching your daily videos Michael! Very inforrmative and helpful. I forwarded a video to my Father who lives in FL part time.
    4
  21733. Hey we don't have realtors like you up here in NJ. Too bad.
    4
  21734. My condolences to the families and prayers for more survivors … thanks f sharing I cant imagine how you feel . Puts everything in perspective …
    4
  21735. 200K... Congrats from Chicago.
    4
  21736. I’ve been saying this for 2 years. 😂
    4
  21737. I love your random photo shoot. Lolol☺️
    4
  21738. If Everything is worth exactly what a purchaser will pay for it...then fools set the market price.
    4
  21739. Keep in mind that even though unhealthy food wont make you grow weight when intermediate fasting, it will still slow your muscle gains
    4
  21740. Michael you are probably one of a very few people out on YouTube calling out the truth about the disaster of the real estate in Miami. Just wait until the working class can't afford to live there....
    4
  21741. Video has a message of gratitude; we all should be thankful for health, family and living in the greatest country in the world.
    4
  21742. michael as soon as you put the shades on that was enough..mic drop thats the qualification....lol Loving Saint augustine btw... keep them coming.....
    4
  21743. Thank you so much for previewing the Panhandle and Destin specifically.
    4
  21744. Another MTG set up for owner failure non stop.
    4
  21745. I would love if you eventually traveled through the keys to key west and do a few videos about it, looks like a very interesting place
    4
  21746. I like comparing the rent range vs. monthly cost and in a lot of cases still a large gap to fill between those values.
    4
  21747. Great video. You say that you save more money by renting your condo. Would this be true if you were to stay there for the long term? Would it be better to purchase? Would really like your feedback. Thanks
    4
  21748. I sold out of all stocks in my IRA and bought brokered CD with bnymellon for a 4.75% yield for 3 months. Rates might be higher 3 months from now so can roll into a new one in june.
    4
  21749. Great video once again Michael! I suggest a walk and talk with Lizzie and her pups!!
    4
  21750. Another very intelligent video from this guy. I had a condo for a while and it's nothing but a glorified apartment with all the disadvantages of apartment living and almost none of the advantages. I don't know why people do it except to claim that they "own something". If you do do it you better research the building very very carefully! And there is no bigger nightmare than being hit with some big assessment that you have no choice but to pay. It can bankrupt you. Of course if you own a house there's a lot more work to do and you absolutely have to be handy. Frankly I've gone back to renting and I love it. It's total freedom and I don't have to worry about anything. My savings go into my retirement account not my repair account. Sure it would be nice to have a house but to me it's not worth it. For others as certainly is and I get that. But a condo. Never again!
    4
  21751. Indeed he is!❤️
    4
  21752. Michael, why is it that there are so many rentals on the market for the non oceanfront old art deco 1 or 2 bedroom condos. Im interested in buying as an investment but concerns me the condos has listing for rent that dates almost a year without any tenant. What's up with that?
    4
  21753. 17:15 I live in Central Florida, my electric bill has gone up significantly (at a min 18-25%) in the 2 years since living here. Apparently in Florida Electricity cost 18% above the national average i.e. Florida is quickly becoming the most expensive state to live in the U.S. So, it's not just Germany it's in the U.S. as well.
    4
  21754. I think a lot of these rosey predictions are to keep people from all out panicking. The whole "nothing to see here" while they are loading their own life boats to jump off the sinking ship.
    4
  21755. So glad to hear you make it clear that refinancing is not free. So glad that you called out Dave Ramsey he used to be a favorite of mine but then I realized he simply another real estate salesman.
    4
  21756. I’m noticing price cuts on homes I’ve been watching
    4
  21757. 1
    4
  21758. I think this is good . I see the price of homes up in the past when it went to high for junk homes even now . Yes it all depend on the town or city . I only by repos and fixer uper's . The towns i by in love my work and flips. "I earn my $ the old way i work for it " . Work smarter not harder amen lol .
    4
  21759. You nailed it! First time watching, I moved from Jersey and never went back, hated the cold weather and lived on the Spacecoast then got a job at Disney so been living in Orlando for over 16 yrs and loving it. ❤️🙏
    4
  21760. I grew up on this beach,it was awesome in the 70,s,now its developed with bad traffic,law riding up and down the beach on 4 wheelers,concrete jungle
    4
  21761. I agree Ca not the same, high taxes , dirty beaches , expensive ect. Grew up in So cal so sad to see it now. Love Florida here to stay.
    4
  21762. I hate to be negative because it takes all the joy out of life and makes one a hard person to be around, but I’m starting to think people my age (I’m 22) are screwed, and there may be no getting better for us for decades or more. Ever since March 2020, so much has gotten worse and worse and I don’t see how it could ever get better at this point. I hope and pray I get proven wrong; I definitely don’t want to be right about this, but my fight or flight instinct is telling me to prepare for the worst
    4
  21763. NO... FORTUNATELY, WE DO NOT HAVE TO SPECULATE AND GUESS AS TO THE TRUE INFLATION RATE... Our bank accounts, our calculators and our eyes... and soon our stomachs too... all still tell us the true numbers... :)
    4
  21764. Thanks for the update brother! We're buying a Tri-Plex up here for cash flow before we head down to Florida. Timing should work-out just fine now.
    4
  21765. why do most houses I see for sale in florida have HOA fees? do they clean the pool? no...
    4
  21766. For anyone struggling with utilities, if you are income eligible there are utility assistance programs for electric and gas such as the USF and HEA programs. Also, home internet assistance can be applied for via the ACP program. Hope this can help someone.
    4
  21767. Is it only the condo in Miami? Or anywhere else in florida?
    4
  21768. Good explanation on the housing market Mike B!. It's looking like there won't be no crash. And with inflation effecting the cost of living badly and this current situation of the war in Ukraine. Bad times. It's got me considering buying a rv and to move it to Florida.
    4
  21769. Now for medium price homes
    4
  21770. Welcome to California, my home for 42 years. Nice scenes in this video!
    4
  21771. Wanting to move out of Canada. What do you guys suggest?
    4
  21772. Lots of valuable info here!!! Thanks for the wise advice Mike!!!
    4
  21773. Even now I would love to live in Surfside. It’s beautiful.
    4
  21774. It is gorgeous, but soooooo humid! We almost moved to Sunny Isles which is the next town over from SS.
    4
  21775. "Experts"......LMAO
    4
  21776. Common sense doesn’t seem to be in anyone’s vocabulary these days! 🤔 Lumber Jack Michael lol! That really don’t go with Miami but you might you might become a trendsetter and bring it Back!😂 As far as pushing electric cars to people I think is just away to discourage people from traveling distances and eventually be locked in their own area or own states and use public transportation! As far as retailers Michael , you are right about how they keep records on all customers buying and returning habits, being in retail myself for years we had records for our clients but did not disclose to them that we know where they return what they just bought in one store and return it in another ! We know all the tricks but usually customers are not aware that we know it gets more complicated with high price items because it becomes a business for scammers! In most luxury item cases sales people have to be like detectives but Usually if customer spend more than they return they are fine,after Covid everything is harder to return or exchange because of too many on line shoppers who abuse the system , specially luxury goods , there is not enough time to even scratch the surface here! Usually if you buy a item from a 3rd party small business they will give you hard time for returns but big business don’t want to deal with small returns or very large items unless you are a habitual returner!
    4
  21777. I haven't been to Napa for over 30 years. Nice to see it.
    4
  21778. I'm kind of sensing anger from Michael I'm pretty sure that his wife didn't get him some new tank tops for Christmas what the fuck get your old man some shirts😂😂😂😂
    4
  21779. Yoo first <3
    4
  21780. This storm might make another company or two decide to leave the state just like those other 7 that did it at the beginning of the year. What's a person to do IF they have a mortgage?? It is known as "Force Placed" insurance. WE are in the city of Sunrise, about 2 miles East of the Sawgrass Mills Mall - off Oakland Park Blvd.
    4
  21781. Changed that damned distributor yet???
    4
  21782. me and my buddy from ct went into the water during a Clearwater beach “sunset party” after the sun went down. We were told there are stingrays once it gets dark and to shuffle our feet once we were already neck deep in water lol. So me and my friend being visibly terrified shuffled back to shore like the jackasses we are
    4
  21783. Hey buddy! My favorite beach is on Key Biscayne. That looks like a true tropical island without high buildings and the lots of coconut trees. I would do a video about it if I were you. People always want to know the most tropical places in Florida.
    4
  21784. Recall for folks how credit unions can be different from banking elsewhere.
    4
  21785. Maybe the ultimate in foolishness for Home Equitiy loans: starting a business...in flipping homes in the Miami Beach area!
    4
  21786. Your hometown is so close to where I live in Illinois.. I used to pass Belvedere on my way to Rockford when I dated somebody who lived there. Next year, I’m headed to Florida. 😊👍🏼
    4
  21787. Happy 5th Michael!!!!
    4
  21788. Ya doesn't look like much. At least you had a little adventure (: Can't wait for the next video!
    4
  21789. i need kayaking and biking, and i think florida has it all. love golf too. if i can deal with 100 degrees in sc , im sure i can handle florida
    4
  21790. Corporations and businesses are going to end up subsidizing their employees’ housing. I am witnessing, and a part of, the trend to find better paying work in hopes of being able to afford living. We will see this grow in force as things continue to spiral. Record profits, record greed, and now the worker is willing and able to ask for some of the spoils.
    4
  21791. Buyers are going to have to study a lot before they even think about buying. At the same time, save money.
    4
  21792. DONT FORGET TO MENTION IF YOU LIVE IN A NICE CONDO ...YOUR HOA AVERAGE 700 TO 800 A MONTH !!! HELLALUJAAHHHHHH ...ON TOP OF THAT , YOU HAVE TO DEAL W HURRICANE EACH YEAR ....NOOOO THANK YOU FOR ME !
    4
  21793. flippers cheap, unpermited , poor workmanship , quick flip and run
    4
  21794. Amazon pharmacy is actually really good and I appreciate they deliver my meds so I don't have to drive to pick them up
    4
  21795. This is my favorite location so far! Thank you for taking us along!
    4
  21796. get used to 5% + mortgage rates for the next 3-5 years after hitting 8+ by early next year
    4
  21797. Always thumbs up
    4
  21798. You should have done a sunset video from The Hurricane roof top bar. That’s really why most locals go to that beach.
    4
  21799. Nice vid showing different places. Great job with mixing in food places too!
    4
  21800. 😎👏🙌🤙
    4
  21801. They can keep those three million dollar maid's quarters!
    4
  21802. Yeah you figured out the beach access situation lol
    4
  21803. This is a good video 😀
    4
  21804.  @MichaelBordenaro  Looking forward to the video! And I will be checking NB out!
    4
  21805. Thank for explaining buy down. This is why I always watch your show because I learn something useful every time. I will not do the buy down when I start looking to buy a house again late next year.
    4
  21806. Just 8 more months until my lease in Chicago ends 🤞🏼✨ These videos just get me even more excited to move back to Florida I cant contain it sometimes ☺️
    4
  21807. I agree 💯 moved to Fl from NJ over a year ago and love it! Considered TX and AZ, but never Cali to live while finishing raising our boys. Too expensive for the life we want to live. FL for me🤣
    4
  21808. Too chicken to get in water. That's me :) I'm chicken lol. You got the right idea chill on the beach in February. My northern friends hate me lol.
    4
  21809. Your voice and presentation was excellent
    4
  21810. Who in Florida can swing 18.000 a month.maybe a cartel member.
    4
  21811. Great video and know it took a lot to put yourself out there!
    4
  21812. Where are all the higher property taxes going ? This makes no sense in my opinion.
    4
  21813. Yeah. Correct on the tax game on that rental palace... They could still get scrod by the IRS if that is not a reasonable rental price for propery of like kinde, condition and location. The IRS loves to attack with "substance over form". Surprise! LL.M. in Taxation here. This is a classic and well spotted by you. At some point "value" and "price" become strangers. We are there. I still maintain that getting people into debt they have no business getting into is the recipe for disaster: substandard underwriting practices of a horse's ass, 1% down, or builder buy downs... all lead to the same cause and should not be expected to produce a different result. Pigeons getting fleeced in the foreclosure machine.
    4
  21814. I live in Anthony fl
    4
  21815. People wants to be free ,and not working from cheque to cheque 😅
    4
  21816. Get bitcoin now
    4
  21817. You make an offer on a house as a cash buyer but in reality the only reason you could do that is because you got a large loan that got deposited into your bank account instead of getting a mortgage. Those are usually higher interest than a traditional mortgage.
    4
  21818. Anthony. I am so glad you got out of Denver and into the mountains. The Denver area suburbs are beautiful when you get out of the downtown area as I live in a suburb of Parker and there are also places like Littleton and highlands ranch and castle rock that are amazing. Love it. Not many people hang out in downtown Denver. Although there are nice areas downtown that you did not see. The homeless situation is getting bad in every major big city mostly due to COVID. You are in Breckinridge now and that is about 50 miles north of where I have my mountain property near Buena Vista. It’s also beautiful there beyond compare. I love Breckinridge also and go there often. However to afford a home or property you need to get to other areas such as Hartsel or Buena vista or Salida You have to come back and visit more and explore. I have lived in colorado for 30 plus years and have not seen everything. Summer and winter here down around Denver suburbs and in the mountains is amazing. It’s cold sometimes but when the sun comes out even in the winter it warms up comfortably. Most people head to the mountains in the summer to cool off. Please come back Anthony. Colorado and Florida are my favorite places.
    4
  21819. This may be a niche to look further into. Old building's that are coming up on their 50 year inspections.
    4
  21820. Thank you Michael. Another outstanding episode. Can’t wait until the next one. Love your voice. So relaxing. 🤷🏼‍♂️
    4
  21821. Hiring a 'professional' to take care of an unwanted spouse is now cheaper than an attorney.
    4
  21822. Good one. Maybe the key point here is being patient while you maintain your goals, save, and invest. Perhaps the folks saying this on social media may have become just too accustom to instant gratification? Also, the market is absolutely certain to cool off and almost certainly will crash in a lot of places, especially ones that are not the most highly sought after cities. Those "crashes" are actually price declines and inventory increases that take five years or so to reach the bottom and being to recover, so patient savers will almost certainly see buying opportunities much better than today if their time horizon is five to 15 years, like that of you and your wife.
    4
  21823. I was looking at flights from NY to Dallas for a friends wedding. Mid-October, not even a holiday and they’re running $750-$1000! That’s double than the average. I’m so sad that I can’t afford to attend. I’d be looking at $2k for car, hotels and food. For Dallas, for a few days in the middle of October. So sad.
    4
  21824. My neighbor’s car insurance doubled. And they brought up an accident from 2020 that was never included before.
    4
  21825. I can't wait for you to do Alton rd. and Michigan. I lived in the big white house on the SW corner way back in 1975.
    4
  21826. Good video I live in Illinois and wish I could move to Florida😩
    4
  21827.  @MichaelBordenaro  yes it is
    4
  21828. Uuuum ... NO! Poor design of space. Waaaay too many stairs (even though elevator). Small kitchen. Tiny balconies. Not even a pool to enjoy during the HOT summers 🙄. That’s going to be a tough sell with all the negatives. Please more house tours 👍🏻
    4
  21829. The house I live in cost me $145k and bought from bank. It was listed for 165k. I cleaned it up pretty or 22k budget. Now worth 530k and that spooks me big time. Nothing is normal today. Crash....a coming!!
    4
  21830. Informative as always. Please be aware it is appreciated by many people.
    4
  21831. I’ve been to Burger King twice in the past year for the first time since the 90s it seems and the aftertaste was disgusting 🤮 I’d rather make a sandwich at home
    4
  21832. Michael, what will your HOA, property taxes, and property insurance cost in your potential new unit? Any major work need to be done? Any assessments forthcoming? Is the place well-managed? What is the parking situation? What is the square footage of the unit?
    4
  21833. Madonna moved to Portugal. (To be closer to Fatima)
    4
  21834. $170k in upstate New York and struggling doesn't make sense. Their mortgage/housing is around $1k, and they're spending $1k month on clothing/ entertainment/travel and $780 on food. The only guy on that list with a higher mortgage lived in Boston at $3.2k a month. Living in a major city is like setting a large chunk of your cash on fire, but the people who make $160k+ from that article who don't live in a major hub should take a serious look at their finances.
    4
  21835. I don’t live in one, but we take two week vacations every year and stay Ocean front, preferably the 10th floor, but now I’m afraid to stay in one again. I feel so bad for everyone that lost families, neighbors, friends, and loved ones, and those that lost their lives, this is a sad and horrible tragedy, I hope and I pray it never ever happens again. My thoughts and prayers go out to all the family and friends of the victims in this tragedy.
    4
  21836. I agree with you on a lot of what you said about St. Augustine. The issue with St. Augustine is like you said, it's booming. When I was there last year I viewed 15 to 20 properties. Residential and multi family. Near downtown you could find a 3 bedroom 2 bath for around 450k. There weren't many but you could find some they needed minimal work. I haven't even checked lately because I know the number now is so dumb it's a waste of time looking. A duplex near downtown was 650k and up with a 6% cap rate. Which I know a lot of people are ok with that return but it's not for me. I don't think St. Augustine will lose its appeal though. I believe it's what west coasters like me are looking for when they plan to relocate. Small Town vibe with really nice people. And it's next to the water so you can't beat that. But it will crash for sure and sadly for the fools who are buying now, I believe St. Augustine will crash really hard. It just rose so quickly it's not sustainable. For what people are paying the return isn't there. And if there day job goes bye bye so will the investment. In most cases atleast. I know they are building 1000 new homes 20 minutes or so from downtown. I believe they will start at 300k or atleast that was the target 6 months ago lol. But I am doing the same thing as you. Stacking my chips waiting for the crash. I will have to relocate from SoCal to St. Augustine in January and right now it looks like I will relocate as a renter. Hopefully for my sake that market adjustment happens sooner than later. It's always impossible to time those types of things. But I for sure would rather lose a few thousand a year paying that premium on rent than over pay 250k for a home any day lol. Can't wait for the next vid thanks for making this one!
    4
  21837. You needed that "True Coat" undercarriage protection, lol. Think, 'Fargo' movie car salesman. I hate Chrysler. One suggestion from YouTube with leases.. do not overpay the loan. If the car is total'ed, they don't pay you that part back. Just make the payments on time, swap it for a Corvette next time, massive 6 piston brake calipers with massive rotors that are indestructible. Suspension parts are aluminum, which does corrode, but maybe not as visibly. In reality, I would bitch about warped rotors. The dealer that sold you, can turn the crap out of those until they are not warped, or just throw in a pair. The knuckles and sway bars under your car, those things can stay like that for years and years before they lose any strength.
    4
  21838. My son got Pre-Q with Chase. They offered him $7000 if he uses one of their Realtors. I found this odd, what's your take? Maybe video worthy...
    4
  21839. Great final Ca walk❤
    4
  21840. Hey Leo another canadian here with a family of 4, how are you getting your papers to move down?
    4
  21841. Hi Michael, In the winter there will be more traffic. Not so touristy like the east coast but there will be an increase of snowbirds. Red tide usually hits every couple of years. It can last for a couple of weeks or a few months.
    4
  21842. I bought new Toyota Corolla 2009 for $15.500 and it still runs.
    4
  21843. Nothing wrong with trying to save some coin on insurance (hell I planned on it to lol). Good list tho man keep me coming just puts me in the spirit and mindset to hit the road now! Like you said tho when it’s hot the beach ain’t far away! Be safe brother
    4
  21844. I moved to FL 14 yrs. ago from NJ. I also visited central IL. (Pekin) where my brouther llived while stsationed in the Army at Ft. Knox KY. The part of IL. I saw was boring. Corn field after corn field and small towns that looked identical with grain silos. So I love it here in FL. (in a large city (100K) but more suburban like)
    4
  21845. Only $14M!! Let me dig the coins out of couch cushions & I'll be right there!🤣 Michael, thanks for this very important update on FL home insurance.
    4
  21846. Where i live hardly any home listing for sell Price very stable Coastal California
    4
  21847. If you remember the 80's, you weren't there. All I remember about the 80's was the Black Sabbath/ Journey/ Cheap Trick concert in L.A. in 1980 and waking up in the Indiana State Prison in '89.
    4
  21848. If someone is willing to walk away over 5k, it may be that they are not in house love and respect their final line. It may not help you as a realtor but everyone should have a cap they stick with, no matter what. There will be another house.
    4
  21849. More people literally want to live in a van because of taxes, hoa, overpriced, crap quality built on top of each other. Stuck in one spot that feels like prison.
    4
  21850. Thanks Michael 👍
    4
  21851. Looks like Idaho, Arizona, and Utah had the biggest increases in home prices. I would like to request that you do an analysis video on those markets. Specifically addressing their potential to crash compared to the rest of the nation.
    4
  21852. Great video like always Michael 🙌🏻 Looking forward to travel from Norway to Florida again after the pandemic 🤮
    4
  21853. How sad. With all the illegals pouring over the border everyday, all the citizens want is to get out of the country. I've been considering the same thing myself.
    4
  21854. Its Micheal time lol
    4
  21855. Powell screwed up big time, because he was following the advice of the Fed "economists" ( I use the term lightly). 95% are Democrats and renounce Milton Friedman's time tested and brilliant views on monetary policy. Biden recently bad mouthed him. Unfortunately, with a huge government, politics is a huge part of the economy. Only way to solve this is shrink the government, which is what Reagan wanted to do. Tax and spend is a disaster. Always. We only need to fund very few federal government responsibilities.
    4
  21856. My retirement plan? My 5 kids (I had 10) taking care of me and the farm.
    4
  21857. I love a good rant. Miami is the perfect storm of exploding population and pandemic challenges. Recipe for misery.
    4
  21858. I love this. I've watched enough of your videos to get an idea of how you relate with all your time living in Florida, and I've lived in CA for decades, so I'm not surprised that I could relate wtih pretty much of all of your observations.
    4
  21859. Beach bum al extremo. Hows miami beach? Looking to come down soon what are the fake covid restrictions? Florida does not have quarenteen? Or no.
    4
  21860.  @MichaelBordenaro  Agreed and zero crime is pretty much a unicorn
    4
  21861. Great video! You sure can get good deals in Florida!
    4
  21862. Love these places you walk through! ❤
    4
  21863. Hi guys. 👋
    4
  21864. Not trying to throw a negative vibe. Both states are whacky if you ask me. The more time I spend in Florida.. The more I see past the palm trees and sunshine
    4
  21865. He should!
    4
  21866. Good thing I'm retired. I Love turning in people who commit FRAUD. I've put a few away. LOVE IT!!! ~ 🦋
    4
  21867. I had a discussion on another channel about this but I heard many people don’t want new houses due to them being built in new neighborhoods with HOAs. I can contest to this cuz I’m tryna find a house but the locations I’m looking at (lots of places) are in HOAs. I prefer older homes but I would take a new house if it wasn’t in crappy areas.
    4
  21868. Social Security will be fine they can just get rid of the cut off income, now it's around $120,000 make it unlimited we will be fine . After 120k SS is not collected. We have bigger fish to fry, Social Security is a Distraction.
    4
  21869. I knew there would come a time when you couldn’t answer all of your comments. We all know you do your best! I told my son yesterday that when he starts working a job (next summer), no matter how little he makes, always put some money aside for retirement! Thanks for the credit card tips!
    4
  21870. Poor MB gotta were sleeves 😂😂😂
    4
  21871.  @bree62442  Oh yeah...if you were raised in TX...then you can handle summer in SWFL. 😁 Hope your stay this summer is wonderful! Naples is such a beautiful city!
    4
  21872. ive spent a lot of time in Florida.i am biased because i am a gay guy.if i lived in Florida i would live in Fort Lauderdale
    4
  21873. I'm about to file my llc. Incfile offers BOA. I came to YouTube for info😜 yeah I'll pass on BOA
    4
  21874. Eight years ago I left CA. And moved to the Florida Panhandle.
    4
  21875. Im in california its the same way here we have property maintenance and construction buss and have to keep training people eventhough they been doing handywork for 30 yrs .
    4
  21876. Hope you decide what to do. Looking forward to your vlogs!
    4
  21877. These are likely the best realistic videos for those who are contemplating moving or simply buying a property in Florida, especially this video. Such great information that only one who lives in Florida would really know. I personally have learned more simply from watching your videos Michael, than I could from the many times I've visited, investigated on my own, and even from friends who have bought and lived in Florida. In my opinion, this is the best place to get real advise, insight, and the real facts, if you're thinking of buying a property in Florida.
    4
  21878. If you had to choose between living in the Orlando area vs the Tampa area, which one would you pick?
    4
  21879. HOME RUN VIDEO! THE WIFE AND WILL TALK ABOUT IT. THANKS DUDE
    4
  21880.  @MichaelBordenaro  Also, I live in Houston. If I want to expose myself to heat so dreadful that I hope for a system blowing in from the Gulf (just a little one), I can stay home. Hoping for better days!
    4
  21881. Genius Janet, love it!...lol...
    4
  21882. re: "why can't they do it for water?" The amount of water needed to be moved is exponentially greater than the amount of oil that is shipped. So..basically...physics meets economics. Nothing's impossible....but everything has a price tag. We may yet come to a place where the price tag seems reasonable versus the consequences..but so far that hasn't been the case. But when we do, it will be a project on the scale of building the interstate highway system in both engineering scope and price.
    4
  21883.  @MichaelBordenaro  Yikes, I am thinking about moving down to FL and property taxes are seriously affecting the rent-or-buy choice. People tend to think in terms of mortgage vs rent payments but once you add HOA + property taxes, the calculations start to favor renting. And then there is insurance, with hurricanes and flooding presenting real risks... having seen your other videos, I think I don't want a sports car because of the flooding, I might just get an SUV and rent an apartment at least initially. THANK YOU, your videos are super-useful!
    4
  21884. A wagon. Good investment for beach goers
    4
  21885. Wish I could afford to move to South Florida. I think i would love it there
    4
  21886. Your candor is refreshing, good content…
    4
  21887. hey micheal not sure if i’m reaching lol but i feel like redfin is trying to hide price drops, it’s no longer on my app with their random update and now my computer price change feature on their websites just says no updates. can you please look into this?
    4
  21888. For Florida Real estate, pool technician or personal fitness trainer would all be good. great video
    4
  21889. Peacocks are my favorite birds! So colorful, unusual and proud! Cool that this one was following you on your walk!
    4
  21890. "Doom and Gloom" is rational and kind. Realtors who are advising people that the market is just going to keep going up (short term) are not your friends. We sold our home April 12, what I would consider the very top of the market in Colorado Springs, and our realtor was a "true believer." I was in a real big hurry to get it on the market while people had locked low rates, he didn't seem to have the same sense of urgency, although he complied. I might try to suggest that's what you get for 1% commission, but he did a 360 degree video with drone footage for a 1977 split level! Very professional.
    4
  21891. Starter homes are $600k in California in a town with a median income of $60k. We are fucked and its not going to get better until all the home buyers are underwater.
    4
  21892. Keep the flips.
    4
  21893. I've been through 3 entirely different phases of real estate ownership. The 14 years of rediculous interest rates ending in 1993, the 9 years of zero appreciation ending when Trump came down the escalator, and the free houses era from 2012-2020 when interest rates were so low that houses could appreciate more than a buyer's cumulative mortgage payments. Are we entering the rediculous interest rate phase again?
    4
  21894. That website has a traffic of 29 searches per month now !!!!!!!!!!!!!!
    4
  21895. I'm a YT junkie too LOL I patiently wait for your videos. You are my TOP fav!
    4
  21896. Always Smart Contents
    4
  21897. Remote work is what cause even more homelessness (the other causes being foreign buyers, flipping homes, and corporate buyers). How so? Let's say you are a high-tech worker from Silicon Valley who gets paid $150,000 per year. Your company allows you to remote work so you move to a small town where the median salary is only $55k. You buy a house there so the price of homes increase in price beyond affordability for the average Joe there. Soon more high-tech workers move in, which Jacks up all home prices, including low priced homes. Those in the low income could no longer afford to buy or rent. Some will end up homeless.
    4
  21898. I am looking to buy a house in Florida no more than 100k and I am not sure what areas to look at for a single individual no children that works from home!
    4
  21899. I'm planning to move in 2023 due to being contracted at work and taking a extra year just to focus on saving
    4
  21900. New subscriber here! I love your neighborhood videos. I’m seriously considering a move to Miami and your videos are very helpful. Please tour Coconut Grove, Belle Meade and Coral Gables as well. Keep up the good work!
    4
  21901. I am so happy that I left Alabama for California. Sure, it's more expensive, but the payoffs have been wonderful for me.  It's not for everyone, but it's been great for me.
    4
  21902. Michael,....having an enjoyable time watching this video with my girlfriend,.....We noticed that these homes listed on Zillow didn't have the usual realtor buzzwords that should apply to these listings like ''owner anxious''(please take this nightmare off of my hands),....' 'shows well'' ( as long as you look at it from the street ),..'' motivated seller;'' ( whatever you offer we will take),...,....and this classic '' water view''( a puddle will form in your front yard after it rains''. To be fair you did describe each house honestly,......and with the respect it deserved. Excellent video as always
    4
  21903. Anyone that bought 20-30 houses in the last few years are screwed not matter where they bought. They have a lot of money tied up in places they cannot sell now at a big lost and have to rent them cheap and try and cover their costs.
    4
  21904. Michael a 50 percent cut in pricing is not bad if you want to buy in Florida.
    4
  21905. WE WILL, WE WILL, DROP YOU! 🫵🤨 World's getting very, VERY COLD (Bible says it will: Matt.24:12) (due to lawlessness; like scams! from everywhere, high and low!) Good time watching this episode! 👍
    4
  21906.  @MichaelBordenaro  i looki g on hRding byron indian creek and nomandy area olso
    4
  21907. Thanksgiving to Saint Patrick’s day is the only window I’ll be in visiting Miami like Los Angeles people who fly to Hawaii from November to March when it’s perfect weather
    4
  21908. I like marinas too and looking at the boats! 😄🛥
    4
  21909. How bout the jax atea dude? Im looking at northern fl help!!!
    4
  21910. People are also spending more than Half Their Income On RENTS! Lol I know because I am. Not much of a choice at this point. Gigs minimal. On SS and retirement. Rent has increased $350 a month in three years. Health Insurance has jumped from $60 a month to $350 a month now on Medicare. Guess I’ll have to sell the other Kidney….
    4
  21911. Michael the homes look very nice. Keeping my fingers crossed that maybe one day me and my hubby will move to Florida. I haven't given up on that dream 🙂
    4
  21912. A nation of renters is going to put the social inequalities on steroids
    4
  21913. I personally know of a mother who traveled from Egypt to Orlando, Florida, to have her "anchor baby" :) In fairness, she is not looking for a US passport, but she wants to give her son a better chance in life.
    4
  21914.  @MichaelBordenaro  millions come to America legally. Not fair when others skip the line
    4
  21915. What's after trillion? Quadrillion? I think Sextillion is up there somewhere? Maybe we should should ask that WeWork billionaire?
    4
  21916. Terrible. It’ll be many, many years before things improve. Sadly most who moved here, left a state they suddenly didn’t like anymore after decades of voting, and instead of fixing it, they flee and destroy the Florida Market. Not good.
    4
  21917. Not me. I left NY and brought my conservative values and voting record with me.
    4
  21918. Problem happens when interest rates start to drop because people will be waiting for it to drop to the bottom.
    4
  21919. Enjoy your time there!! Have fun.
    4
  21920. Michael gonna be on a scooter 🛵 in his 70s doing these videos 😂
    4
  21921. That amount won’t last you a year and half
    4
  21922. I'll eventually do something in Fl, NY is an overtaxed dump. CA is even worse, how one would prefer CA over FL is beyond me. People are fleeing NY and CA in droves.
    4
  21923. I just spent the weekend in Miami it’s beautiful, but expensive and over crowded. The traffic is terrible.
    4
  21924. To the moon 🌙
    4
  21925. as usual cool video!!
    4
  21926. Housing prices are insane here in Canada. Its brutal.
    4
  21927. SUNDAY GREETINGS MICHAEL 🌴🌄🌴
    4
  21928. I've seen the problems in California become worse and worse over the decades. I was born in LA like my mother before me, and grew in suburban Southern California in the 1970s. Moved to northern California in 1979. Watched everything become more expensive, more crowded, more lawless, and more corrupt. "Can't eat scenery" is the watchword. Homeless everywhere; I never saw that back in the day. I miss California terribly (moved away in the early 1990s) but I DON'T miss all the hoopla and the definite lack of freedom we once had in California. Don't forget that water issues are an underlying disaster-in-the-making there, as well as the infamous earthquakes, wildfires, and mudslides. Take great care that you are not just after the weather to the exclusion of all other factors. Many of your readers have mentioned a LOT of red flags.
    4
  21929. Thank you for this insightful interview. I found this very helpful.
    4
  21930. Can you please let me which ones has easy Handicapped access that's very important to me if you can add. Something about can I get a power chair to the area from the parking lots. Thank you
    4
  21931. I think its a good thing you tried a bunch of different things. Regardless of you not sticking to it. Why stick to it if you don't like it? At least you tried.
    4
  21932. Great video Michael as always. I love the fact you are staying really active and releasing videos almost every day. I look forward to them every day around 6-7 pm. Keep them coming
    4
  21933. Oh wow! My husband & I were talking about this on our deck yesterday morning while we looked out on our small lake behind our house, here in GA, watching the birds, turtles, egrets. We realize we do have a nice place...but it’s not FL, where I grew up & the entire family visits at least twice a year because it feels like home. We are in our late 60’s & moving to FL has always been our hope. We’ve been in this house 20 years, a record-breaker, so yes, it’s scary to think about moving to FL. We aren’t wealthy, just average, so getting anything even close to what we have now is unlikely with the housing market the way it is....which is super disappointing & is going to make things a lot harder. (If it were just me alone, I would do it! Lol) Michael, you guys are still young! Just do it!
    4
  21934. The 87,000 IRS agents aren't going after the super rich and corporations.............they are going after regular people who can't afford million dollar tax lawyers and make honest mistakes (because the tax code is ridiculously complex).
    4
  21935. PEOPLE REALLY NEED TO READ ROBERT KIYOSAKI...A HOME IS A LIABILITY......MORTGAGE IS A FRENCH WORD THAT MEANS...DEATH DEBT
    4
  21936. Then only investment firms will buy homes and rent them out.
    4
  21937. Another great walking tour!! I ❤️ these! Your voice and narration make it so educational and enjoyable to watch. When I need an escape I watch these! Love your walking tours of Miami. Can you please do more of South Beach? 🙏
    4
  21938. When I saw a video of water coming out from holes 🕳 in the ground and flooding the streets, I had a thought the whole area is probably under threat…
    4
  21939. Nice video. I've been thinking about what are the up-and-coming areas in Florida that are affordable for now
    4
  21940. I found it amazing to see Fl from a small shallow draft sailboat. We stayed on the boat at night, anchored out, and saved a ton of money. You know there are some amazing places in Fl that you can only see by boat. If you are into camping there are some wonderful and unique state and federal parks.
    4
  21941. I predicted a drop in real estate prices in 2007 without the help of any news sources, only my own opinion from trends but my estimate was low. I predicted a drop of 25-30%, not the 50% we got here on the Panhandle Gulf Coast.
    4
  21942. Great video I like discover.
    4
  21943. will gaukler agreed. I find that with the jeep wrangler crowd it’s pretty much of a cult following and as far as the jeep Cherokee I think many people like the idea of a rugged SUV that can in theory handle anything even if there is no likelihood of anything happening. Then again some people just like buying American. Far more puzzling to me are those who buy a Ford F150 and all they really need is basic transportation to work. 🤷‍♂️ With all that said I go along with the saying that taste is indisputable.
    4
  21944. man your videos and miami traffic commute are a married made in heaven jajaja thanks Michael!
    4
  21945. Talk to you after oil prices rocket 😂
    4
  21946. Only 1 year in FL but I will take a another hurricane over an earthquake in CA
    4
  21947. The problem with new construction for apartments is that they are not affordable. Nova Scotia, Canada what the Canadian Government said was affordable is $1500 for a one bedroom apartment. That is not affordable for many when it is 75% of some people's income...that is a luxury building. People who need an apartment don't need Quartz countertops, a parking spot since no car, a locker, a pool and a gym in the building...I couldn't care a less if the toilet is pink, tub and sink are from the 70's...can I afford to pay it is what I want. Keep it ugly...I want ugly because you didn't renovate it to get huge profit.
    4
  21948. you are 100% correct....on all levels...seeing huge price drops and back on the market stuff....so glad i sold a hard to sell home 7 months ago....it would be difficult to unload now
    4
  21949. I've been watching some of your earlier vids like this one and I love your sarcasm and humor that you added in hahha! Also love your shirt. I have the same one. ;)
    4
  21950. Good video. I liked it alot. I recommend both walking & driving tours. Both are enjoyable & informative.
    4
  21951. There is also Florida is more tendency to be pro police and first responders. and people do cooperate with the police. Specially in miami. I had lived in Chicago in the past and people do not trust the police nor first responders. Political leaders tidied up their hands and lately even taken out all there 1st responders penitent. It’s sees like crazy criminals have more rights than citizens.
    4
  21952. Most of those folks with the extremely ridiculous rentals are reducing their tax liability by claiming rental loss on the "investment property". Lots of people reduce their taxable income to zero with this tax loophole. Highly unethical ....but legal nonetheless.
    4
  21953. That lady, making $350K/yr, needs financial 101 lesson if she is living paycheck to paycheck. Financial and investment courses should be part of the GE requirement instead of some useless classes in college. Better yet, school should include a financial course in middle school, high school and college as part of graduation requirement. Sometimes, I'm wondering if our government wants people to have salary/wages (W-2 income) with debts for life instead of passive incomes. Maybe, this is the reason why school does not require to teach money and investment education because passive incomes have less taxes for IRS to collect than wages/salaries. Sometimes, passive incomes have zero tax too, depending on your situation. You should only fund your lifestyle (wanted items/things) from passive incomes (dividends, interest, capital gains, rents, royalties). As you age, most of your money should come from passive incomes. Once your passive incomes exceed 3x of your wages/salaries, you would have a lot of flexibility for your lifestyle.
    4
  21954. The great crash😃
    4
  21955. that poor woman losing it on the commode. Wish I could help her. LOL LOL LOL Kidding aside Michael. You're a super star my friend. Love it.
    4
  21956.  @MichaelBordenaro  To be honest, I was getting discouraged about my options and started even thinking outside the box with a possible liveaboard boat instead of a house, and living at a Marina covering 2 bases at once.
    4
  21957. This is so great! Glad you got to go home for a family visit and make this video. Very worthwhile!
    4
  21958. Fort Lauderdale is better. And English is spoken there!
    4
  21959. @michael, please share with everyone the incentives of being an entrepreneur or small business owner, along with all the perks they can enjoy if they run their business efficiently and stay updated with trends and changes.
    4
  21960. Michael, the 5/1 interest rate is higher than the 15 year fixed right now. Do you think is because lenders don't want the risk?
    4
  21961. There’s a small city managed park on Merritt island by a Army museum on the south end of the island which I recommend as it has helicopters and vehicles on display for free. I was surprised to read Cape Canaveral is slightly cooler in the daytime than St Augustine in the months of April and May but not any other month. Anyway I would not enter the water you’re videotaping. I read the Spanish original name for Cape Canaveral back in tge 16th century was “mosquito coast” so until NASA wanted to launch space stuff and New Yorkers wanted a day at the beach during their Disneyworld winter get away the Space Coast probably looked like what you videotaped at Merritt Island for thousands of years
    4
  21962. So would you move now and buy this year or wait it out? We want to move to Florida...! 2023 was our target date...but now I am concerned with getting to high on interest rates.
    4
  21963. I was thinking maybe us responsible people can pay for their deposit LOL
    4
  21964. Born and raised in SoCal 30 years now , I have never witnessed a tsunami , maybe 10 earthquakes that were small. And wild fires do happen every year 1 month out of the year. Where I’m sure Florida has thunderstorms and rain on the normal.
    4
  21965. May I know the name of this town? Very nice neighborhood.
    4
  21966. He seems honest yes
    4
  21967. A housing marking that I am watching is Lake Havasu, AZ. It is down over 12% in 5 months! If you put in 1% inflation per month that means the housing costs are down 17% in 5 months. 15 years ago we had low inflation. Now we have high inflation and house deflation. So even if housing "only" goes down 20% in 12 months, but inflation is at 1% per month for 12 months, we actually lost 32% (for the math geeks... I know it is slightly more).
    4
  21968. I know someone who makes $165,000.00 a year snd only pays the minimum on their student loans each month, because they think they will eventually be excused from having to pay it all. If this person buckled down they could pay it off in a couple of years, but they don’t want to curb their lifestyle. They could have bought a house five times over, but didn’t. No bueno!
    4
  21969. In Coffee County, Georgia city limit they are paying $600 Per Month for Gas bill right here in the USA! Do a video on that one!
    4
  21970. No offense, realize you're just sharing information from a survey, but 20 % of Americans can't tell you who the president is or whether Canada is in Europe. I don't put too much stock in surveys
    4
  21971. It’s ridiculous how high the gas went up in California! Mostly taxes! ☹️
    4
  21972. Excellent
    4
  21973. You have got to go a little further and check out Pensacola Beach. It is so secluded and white sands like sugar, and teal water. Please don’t miss it. Go out to the beach by the Porto Fino Resort. You have got to check it all out. Gulf Breeze is nice too. We will be down there in July around Ocala looking for a home. Tired of the Wisconsin weather. Love your videos. Safe travels and take care.
    4
  21974. Miami dade never be what it was back late 90 only hope gets low enough to return home
    4
  21975. Sounds like Tesla type cars that are recording and sending the data. All of those cameras and connectivity. Sounds like we should all go back to cars from the 90's and earlier. Tired of all of the emissions crap that complicates cars too.
    4
  21976. Going to the springs is great for getting COLD water in Florida !
    4
  21977. Our government has sold us out to the illegals.
    4
  21978. Greetings from Chile, land of the earthquakes. Glad to know you are 👍
    4
  21979. You sound so excited about that student loan hammer ready to drop on everybody.
    4
  21980. Lol, love the opening monologue Mike.
    4
  21981. I always say if there's NO PLACE to go just STAY PUT lol... Happy New to you both... and remember things could always be worse and count your blessings daily🙏🇺🇲
    4
  21982. Yes, video on the Airbnb
    4
  21983. I rented for 22 years then bought a home after the 2008 bubble in 2012 for half price$300,000
    4
  21984. Meet Kevin thought the fed would pivot before the first rate hike 😂 we are now approaching multi decade highs! A lot of people didn’t take QT seriously and now that’s the talk on walk street.
    4
  21985. Can you please do a owning a condo beginning to end like how do you go about saving and how long should you prepare and stuff like that or is it basically the same as buying a house
    4
  21986. Housing crash will change this generation and the future generations
    4
  21987. Haha, the Leaning Tower of Pisa!
    4
  21988. houses went up 50% they come down 20%, how is that a buyers market?
    4
  21989. Buy stock in insurance companies?
    4
  21990. Congrats Michael ! Well deserved. Great content👏👏👍
    4
  21991. Many times, the increase is due to a sale and the new rent must cover the inflated price. Also, for every anti landlord law, rent will be raised to compensate. Make evictions harder? Rent must go way up. Of course higher insurance and taxes due to inflated prices will also increase the rent. Rent control? Guarantees landlords will raise rent as much as possible instead of allowing tenants to stay below market value and less investor interest in those areas making rentals less available. Thank the fed and it's low interest rate polices for 10 years. Rates on savings/CDs should be at 5-7%
    4
  21992. Florida is a nightmare
    4
  21993. Private Equity is still buying up all available homes/units. The individual or small investor is going to be shut out and we will become a renters nation.
    4
  21994. The kiddie pool is so cute too bad I don't have any kids!
    4
  21995. I love the private pool and hot tub overlooking the water. Gotta love the bold plexiglass side panel on it too.
    4
  21996. Plus..here in lala land, they are assessing a special fee for gas in a condo complex depending on your unit. Assessment ranges from $650 to $1,200...lol.
    4
  21997. What's up with the guy at 9:36 ????? be careful dude, carry pepper spray or a gun. The guy looked like he was ready to fight you!!!
    4
  21998. Zillow programmed their website to make it look like a lot of homes went under contract within hours of being listed. I was looking at all homes for sale in Virginia today and saw this. There are about 70 homes that looks like they went under contract in the past 6 hours of the going on the market. However, it is not true. All these homes were listed for sale during various dates. Some ranging from being listed from since last year through last month. This only shows me know much more this market is being manipulated. A lot of people do not look at details and would think that 70 homes actually went under contract within hours of being listed. This seems to be their game! I am not sure if this is happening in different states.
    4
  21999. Yes. Lay-a-way! A good thing!
    4
  22000. Our house has appreciated $30,000 in two years.
    4
  22001. Thank you for the good information. I am considering moving to west palm beach but I don’t know anybody there so I am not sure how I can find out about off market properties. Any suggestions? Thank you.
    4
  22002. When houses go up by 50% . They only need to drop by 33% to be back to the original price. 100 + 50% = 150 150 - 33% =100 Then I throw in buying down the rate, paying closing costs, repairs, etc. And you're further behind as a seller.
    4
  22003. Our credit is good, debt to income ratio is good. But with the recession and “job security” on top of being a first time home buyer is scary
    4
  22004. Time for some citizens initiative's if your state allows them.
    4
  22005. If you move to a condo HOA will eat you Alive 500 a month os 10k a year you dont spend that much in repears in. A house
    4
  22006. soon retirement will be a thing of the past..as we're all going to have to live out of our cars and tee pee's...the dollar will crash.....and there goes everything.....IT'S THE END OF THE WORLD AS WE KNOW IT.....IT'S THE END OF THE WORLD AS WE KNOW IT...IT'S THE END OF THE WORD AS WE KNOW IT..AND I FEEL FINE.....
    4
  22007. I did like the last house, but Palm Coast is too much driving for me. I live in Chicago (north) and I don't even own a car.
    4
  22008. the neighbor Joe down the street wants to sell but he can't buy! Another great video Michael and Thank you!!
    4
  22009. My wife loves watching House Hunter TV shows. I find them entertaining because about 90% of those profiled are complete fools. One knucklehead after the next grossly overpaying for properties. Sometimes by many tens of thousands of dollars. This is especially excruciating for those who are looking for second homes ! I would love to see how that's worked out. For years I've whispered during episodes (to the GREAT aggravation of my wife), what do you think is going to happen to these folks when the market corrects itself in the next few years? What a dangerous combination of factors. First, they succumb to the pressure of the sale: there's no inventory, there's going to be a bidding war so come in high, move fast or your dream will be gone. You can almost see their blood pressure rising right there on camera. Second, these buyers have access to money. Not their money, the bank's money. In the end, they see the purchase in the present. Hey, if we go in $50K over asking, it's only a few extra hundred bucks a month in mortgage payments (or some other silly rationale). Rarely looking at how this will impact their lives if there's a job loss, a bad economy, a housing downturn (GASP!), a health scare, or some other unfortunate situation. All these things will happen at some point during your 30-year mortgage. I can do so I should do. Or, I can do, I should do, or someone else will do it. NEVER overpay for anything (especially a home). As soon as pen hits the contract, these people are so deep in the red to the bank the only way out is to find another knucklehead who will once again grossly overpay to dig them out. Now, we're at a point where the market is running out of knuckleheads who will do them that favor. Smart people like us, will once again sit back and dip our big toe back in the market in about two years or so, when all these properties are under value. The cycle continues...
    4
  22010. Lets hit 100k by the end of the year🚀
    4
  22011. Im not sure if you know this or not, but Gavin Newsom shot down that bill here in California that was going to assist illegal immigrants in buying houses. Happened a few days ago.
    4
  22012. you forgot the best part of layaway. if you decided you didn't want it or couldn't make the payments because some expense came up, you get your money back like it was a non interest bearing emergency fund
    4
  22013. Michael, 0:25 you never own a home - alloidal title - look it up
    4
  22014. Awesome... Looking forward to your Florida Road Trips!!!
    4
  22015. everyday is gloomy in the midwest ughhh i hate it here in wisconsin but i’m only 15
    4
  22016. Very clear and helpful video. Thank you very much!
    4
  22017. i live in dallas and it is very expensive to buy homes.
    4
  22018. There already is a recession, but that doesn't mean home prices are going to crash. It may be much worse. They may go up significantly
    4
  22019. Do you think I should move to FL after graduation? I’m attending school there this fall and want to live there since NY is too expensive and cold.
    4
  22020. Florida beaches are too warm. Like how r u gonna cool off?
    4
  22021. The pillars were actually built around the time of the American revolution from the same material as the fort which is much older
    4
  22022. 4:20 Mark, we're kinda desperate right now, could you please just pay us all the money back....😂😂😂
    4
  22023. I know you were talking about insurance increases. The other day you showed a video of flooding. We did not see any drains in the road. Are there drainage systems in the roadways? I know my friend in Miami shows photos of her yard being flooded. She lives one block above where the Zika virus was .
    4
  22024. What’s going to happen if the economy gets really bad and people start losing their homes, they will need to rent and the landlords are going to take a vantage because it’s going to be hard to find some thing
    4
  22025. Unfortunately the homeless problem is going to get worse...a lot of Americans can not afford a home...even if they work 7 days a week.
    4
  22026. Who in their right mind who has millions of dollars be the fool to rent a house for 25k where you can literally see into the backyard?
    4
  22027. Is it too cold to swim in December?
    4
  22028. I'm in Little Havana and at a loss for words😢
    4
  22029. As you recommended, I watched this video to see your thoughts on St. Augustine. Good call. My wife and I went there around Christmas and ate at that same outside restaurant with the live music. It was very nice. But it gets cold in December! But I agree the climate overall is probably better. We are in the Melbourne area and its summer 7 months a year here too. Thanks again
    4
  22030.  @MichaelBordenaro  yeah that place was great. I'm from New Jersey but my blood must have thinned out. I was literally wearing a hotel blanket over my clothes
    4
  22031. Great video- most of Miami Beach just show Ocean Drive or the beach. I spent last week there and its a wonderful place. As you may recall however I'm especially concerned about the rising oceans and future floodings. It would be great renting though especially in winter. Summer is a bit hot. You are certainly correct that cars are not needed to live in Miami Beach- in fact they are a nuisance.
    4
  22032. We can be angry at the neighbors and we can be angry at the government....but if we've been dumb with our own money the past 5, 10 years or more, then who should we really be upset with? We can't change the past but maybe not continue being dumb with money
    4
  22033. Cars were durable goods years ago Michael, now they're built out of cheap plastics, even oil pans and cooling system parts made of plastic
    4
  22034. Try Buying A Condo. It's Cheaper!
    4
  22035. The price of housing is insanely expensive specifically in the Southwood area!! Wondering why it’s super expensive?
    4
  22036. love your Videos. looking forward to every alert for your channel . thank for the hard work and time
    4
  22037. My bill for 0:45 Interest is 36,000 . ( tax 2.3%) ouch ouch ouch!
    4
  22038. They could sue the inspector for not inspecting the attic!
    4
  22039. So who exactly can afford to buy a home right now with house's over priced and high interest rates and job loss with yellow freight going under and now Tyson is closing plants and vehicle repo's are at an all time high and foreclosure's are gaining speed so how these morons can say buy a home is unbelievable and all of them should be fired
    4
  22040. Do you think there will be a housing crash ?
    4
  22041. Thank you Michael for the info 👍 Do I still need a insurance if I don't have mortgage ? I'm planning to buy in the future but for cash I'm in Canada for now
    4
  22042. Tech layoffs didn't really take off until NOV 22'. Prices started falling in about June of 22. The price run up was much faster in the west than in the east and more elevated. There is more of a bubble to be bursted out west. Bigger bubble areas that ballooned up fast will have a bigger burst. The tightening credit conditions developing will have that downward effect on housing soon. In 08', with the help of subprime, tightening credit thwarted and crashed the market and that will happen soon in the northeast. High rates won't help but to me, the tightening credit market will eave a mark. Cancellations are on the rise in the east as well.
    4
  22043. My best friend lives in downtown Tampa near the Buccaneers Stadium. He and all his family members are staying. Tampa has not had a direct hit with a major hurricane in long time so he feels safe.
    4
  22044.  @MichaelBordenaro  There is no contest...San Diego has the best weather in the country. (Maybe in the world) It is pretty conservative & there is a bit of wildfire risk. RE pretty pricey also. Esp. near the ocean.
    4
  22045. I loved South Florida since I went to art school in Fort Lauderdale. I just love the light and color of the area. It beats the grays of Connecticut. I hope someday I will move down for good. Enjoy your videos.
    4
  22046. Haha I always love the little messages in the thumbnails but this one is the best! "100% off" hahaha
    4
  22047. If the goal of the wall street hedge fund investors is to make us a nation of renters what better way than to raise property taxes and insurance to the point that it becomes unbearable or at least advantageous to sell a property and cash in on the equity even when a home has a sub 3% mortgage. 😢
    4
  22048. Chrysler Fiat is not building quality products. At the ocean it helps to have a garage. Salt water will corrode homes, cars, tools, and almost everything. Especially if someone has a house near the ocean there's so much more cost and upkeep one has to factor into expenses. Everything in life is a compromise. Thx Michael.
    4
  22049. Mike, I love your videos but you actually talked me out of Florida. I’m in CT. Really it’s not that cold here. The snow is beautiful. It sounds like it’s getting overcrowded there according to your video. A lot of houses over there are in an HOA. You sound bitter and unhappy in your condo. I don’t blame you. Move to a house Mike. Just to let you know, you talked me out of moving. I’ll still watch your videos.
    4
  22050.  @MichaelBordenaro  No, I’m really grateful and I’ll tell you why: This info is really important. I had a coop in NY. To buy a coop, they put you through everything but close to an anal probe. After I lived there for many years, they wanted to know who came to visit, how long they were staying and they had to okay relatives that came to stay. The rules were crazy strict. I now have a beautiful condo in CT and the board could care less what anybody does. They don’t have to approve you or anything. These things are important to consider when moving. I would be miserable living in a place that has to know who and what goes on in my house. I would feel stupid having to pay for crap like that. Very important info to know. Different states, Different Rules.
    4
  22051. Nice video. Making miss Florida. Enjoyed
    4
  22052. It’s four walls with a roof, that shouldn’t take 30 years of hard work to afford. Correction is necessary.
    4
  22053. Gotta totally agree with Michael on this. Got co-workers still working close to their 70's bc their reasoning was "you could die tomorrow" so they literally lived paycheck 2 check pay
    4
  22054. I agree with you about contacts. You can see so much better with them than glasses. I think it is great you can wake up at 11:00. I think you should take things slow in the morning. On weekends, I sleep until 10. Love to see your night routine.
    4
  22055. Thank you for all the accurate and helpful information. I live in a gated HOA community in Boca Raton..1 mile off the ocean. We are in a low risk area and have made no claims built in 2007. 100 homes. This year we were quoted a 20% increase in property insurance for the community..A few day before the expiration of the policy we got fast one and the rate was changed to a 100% increase. WE are not in a flood zone and rated low risk. Our HOA over the year has increase substantially...This is real life data ,,,,Florida Insurance is a bad issue and getting worse , It is the main expense in HOA fees
    4
  22056. I live in shithole Los Angeles, CA and want to escape everything here from stupid people to failed government.
    4
  22057. We'll be lucky if we don't have a depression.
    4
  22058. i think one the biggest factor is price house/to earnings is #1 one reason prices need to come down. people cannot simply afford 70-80% of their check to a house with everything at ath prices.
    4
  22059. Patience is a virtue, FOMO is a vice.
    4
  22060. Great
    4
  22061. I purchased in late 2021 in Princeton Florida(Townhouse).After my escrow assessment my mortgage payment went down $56 each month. My property taxes went down along with home insurance. Flood insurance stayed the same and somehow HOA went down $6 a month.
    4
  22062. This was awesome! Even though I've been watching for a bit now, I had no idea! Thanks for sharing!
    4
  22063. All the sudden it 2008 Drama again But it just getting start A good deal will come in 2027 So just sit tight and wait Don't be a FOMO 👍 The most home 🏡 listing now Most are flipper Don't Even bother looking at them Just relaxed let the price dropped
    4
  22064. they should have taken test centres seriously with Microsoft
    4
  22065. You are always right! Remind me to never disagree with you 😁
    4
  22066. Michael, what is your outlook on using a VA loan. Pros & cons?
    4
  22067. I love your videos Michael. I learn so much. Everywhere in Florida I have been seems to play music like you described and at very high volume that goes right through my nerves. It's very annoying how there are people that expect you to bow down to the Spanish language, when English is the main language. But I still prefer Florida over California and even my home state of Massachusetts. Definitely, love the warm weather and less fluctuation in temperature.
    4
  22068. Yes! Harry’s seafood is one of my favorite restaurants in Saint Augustine! Great atmosphere on the Patio... Used to have live music, not sure if they still do.
    4
  22069. Thanks for the insight. I am a viewer of you both. We sold on 4/21 in San Diego, we have been renting and sitting back waiting. We are prepared to wait another year or longer. Since the beginning of June 22’ 40% of our home have had price drops, but really the price drop has brought the price back down to 4/21 prices, but with the rates higher, we need a better deal. So still waiting!
    4
  22070. Is the water and the beach better worse or the same in Boca raton area?
    4
  22071. My only income is Social Security and youd be surprised what Im ineligible for here in Western Bew York
    4
  22072. Damn! Nearly everything is a Ponzi scheme.
    4
  22073. Michael, they did not get away with murder, Unfortunately ninety people died.
    4
  22074. Thanks for this video. I had been wondering about that area but I’m not a fan of being far from a city or beach. Too bad because it is more affordable…
    4
  22075. Have you considered buying an RV and just travel?
    4
  22076. How can this be happening? Homeowners are struggling, and now the govt wants to give away money to illegal immigrants who are not contributing money: paying taxes. This means we will all pay higher taxes and keep struggling while illegal aliens are provided with all the assistance they need. Does not make sense at all.
    4
  22077. Yessss, they should put a banned in china period!
    4
  22078. Fantastic video! Added driving on the beach to my list of things to do (: Thanks!
    4
  22079. We are still seeing ridiculous behavior in the higher-end market here in Arizona. I see homes listed for a million dollars more than they sold for a year earlier (2021) with no upgrades. We will see a lot of foreclosures and short sales in this range soon if people really have to sell. Also, we have way too many investors in our market who haven't yet figured out that they are going to be left holding the bag when the music stops. Thanks for your content Michael 👍
    4
  22080. Can you interview some people who do? We are a very large family looking to move from Colorado:)
    4
  22081. His AI model doesn't have any black swans and i think Mr Fibonacci would have a few choice words about his algorithm
    4
  22082. Moved to SWF Florida in June from Englewood CO. We love it here. Freedom.
    4
  22083. Markets change. Prices are just starting to soften and in the long run I think a good thing. As prices come down, more people can get into the market. I admit I don’t know much about Florida but the various videos of the area shows a beautiful state. The Fed is determined to control inflation and cool off the rising prices. If you are on the buyers side of the equation, the next 6-12 months should open up opportunities.
    4
  22084. Lane splitting is illegal? The more you know... And also, if bicycles should obey traffic rules, does it mean that they can be blamed in case of an accident?
    4
  22085. Didn't they say the same for inflation last Fall. If it happens it will be mild, transitory, temporary. Blah blah.
    4
  22086. Do people in Florida have garages?
    4
  22087. This video is spot on!!!!!!!
    4
  22088. Boomer here. Sold my house in 2021. Moved to another state. Paid cash for a little condo. Thinking about moving back to previous state. Renting out current condo will cover rent in an apartment in previous state. No jobs here. Small tourist town. Will find a job back in previous state, plus have a small soc sec pmt. I’ll be OK.
    4
  22089. Hey Michael, I love hanging out with you and all your videos. This was interesting. Hurricane Irma hit pretty bad here in the Sarasota/Bradenton area in 2017. Our condo association ordered evacuation, but I wouldn't desert my 15 year old companion cat Mimi and go to a shit house gym loaded with other people. I hunkered down in my 2nd bathroom area located in middle of condo. It has a sliding frame door so you're shut out completely from the rest of the place. Large dressing area with sink, and a separate small area with tub/shower and toilet with a door you can close. I set up bunk with mattress, bottled water, litter box and water for Mimi and we stayed there all night long listening to the roaring winds and tree branches hitting the roof. It was frightening, but we got thru it together. Never forget it. Usually the threats of hurricanes are worse for your area in Miami Beach, but it can happen here too. Thanks Michael for all your interesting videos.
    4
  22090. I live in Northeast Florida. Love the bit of climate change in the winter. Kayaking on the Intracoastal is so interesting. We have St Augustine....the oldest city in America....just beautiful. Lots of interesting history! The one bug you forgot to mention....LOVE BUGS! April through May. Prepare to wash your car often and do NOT turn your windshield wipers on to get rid of them!!!
    4
  22091. Market is now a bubble ..another year prices will drop and supply will return
    4
  22092. High efficiency furnaces cost a lot more and breakdown frequently as well.
    4
  22093. Another note, I stayed in San Mateo for a few days in 2022. I really enjoyed your Marin County videos this year! Very nostalgic..... (Also lived in Florida '67-70; it's changed a lot!)
    4
  22094. This is purely for entertainment right? Good of you to point out, that the luxury community in Boca will charge $75k membership. Another problem with just surfing (Cheap) houses on Zillow, is that the 55+ deals will float to the top, and unless you're 55, useless distraction. If you really want to present some budget deals that are realistic, maybe Vero Beach or Sebastian. Not too far from civilization, but still affordable, close to the water, and growing enough that the house won't drop 50% in 1 year. Another wild card place I toured on my last visit was Cape Canaveral. Some real blue light specials there, that you really can't know from the ad if there are mitigating circumstances. Thanks for another entertaining vid.
    4
  22095. Let us never forget the word mortgage is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.
    4
  22096. That's ok. I'm a Detroiter, looking to move back to Florida and I don't want the people from CA and NY to move to FL either. Not if they're going to bring their political ideologies with them. Trying to get away from CommuDems.
    4
  22097. Wow I really like that town too! very cute! I like how the bus looks like a trolley and all the cute little shops. The cool weather and a beautiful mountain view wow! 🏔 darn I think it's way out of my price range! 😳😩
    4
  22098. Finally someone noticed the neon sign!🙌🤩☺️
    4
  22099. When I read it very quickly, I saw, All we have is snow l0l
    4
  22100.  @soniadowney7427  😄😉
    4
  22101. There were no warnings, no fights, no change in temperature. Divorce has happened cause she simply found a better deal, a richer guy...
    4
  22102. Hello Michael, nice video, just so you have an idea I live in the Miami Lakes area and my house has appreciated over 160k more than compare to 3 years ago.
    4
  22103. Yes very good deals, here in Mich. the pool houses would ahve costed more.
    4
  22104. Thank you!
    4
  22105. Wonderful video, would love to see what you can find on the Gulf side.
    4
  22106. You're doing it wrong, get an RV and make it your home, take your home and conveniences with you!
    4
  22107. That is a really nice town to retire and visit! Thanks for showing Michael!
    4
  22108. I haven’t found any good places there for a low price it’s ridiculous
    4
  22109. I wonder if Jason was selling homes for that long. You witnessed the crash. I felt it with my then home purchased in 2008 and selling it in 2009 at a $35000 loss. I was uninformed. My previous home doubled in calue from 2003 to 2005. There were no so called pessimists sharing such advice like you. I made up for the loss with my current home. Not looking to sell it anytime soon though. Bought it at a very good price in 2016. I rented it out until last year. I put in some tlc and now call it home. I see price cuts picking up in my area these past 9 months. It’s only the beginning generally speaking. The real deals are still about another year away. It’s a game of patience for those of us prepared.
    4
  22110. You’re right, congress won’t do anything.
    4
  22111. current real estate crash/correction will take approx 5 years to play out. Be patient.
    4
  22112. Ciao Bello 😎👍
    4
  22113. The picture quality is OK, the dash cam covers more area than walking with video device , it has its own application. I though Los Angeles traffic was bad, turn out Miami Beach is the same. Anyway good job, I like it.
    4
  22114. The days of 3% rates are long gone, but so will these high prices soon enough. Until we hit that equilibrium, where prices fall enough to align with the rates, ill be on the sidelines
    4
  22115. can you please make a video talking about car insurance in miami or if you have one leave the link ?? THANKS I LOVE YOUR VIDEOS you motivate me to move
    4
  22116. Love this! Keep 'em coming!
    4
  22117. LOVE the two of you together, great info!
    4
  22118.  @MichaelBordenaro  I lived in madeira beach years ago and vacation in clearwater every year but I stay in airbnbs . Not sure how some areas like Seminole or Largo have changed. Thanks .
    4
  22119.  @MichaelBordenaro  Im a Respiratory Therapist front line worker, and after all this pandemic crap, I NEED my vacation!!!! Being from NY tho they are telling me I have to quarantine for 14 days when I get there. I may book for September but I had been planning on moving there at that time. I went to Siesta key and liked it there too.
    4
  22120. The problem with the beach area is that you are driving through the hood to get there. The safer areas are around Countryside Mall...there are a few complexes there. Also, I used to live at the Grand Reserve. I was a single mom when I lived there. It's a gated community and I never had any issues. The Estates is a gated community not far from there on McMullen Booth Road not far from the high school. The Safety Harbor area is nice. Dunedin and Palm Harbor are also nice. These are all areas that I'm looking at for my move back to Florida. I would stay away from Largo.
    4
  22121. Wow I was wrong I thought Miami Beach was $1,800 minimum for 1 bedroom
    4
  22122. generally the stock market has started to recover before the housing market has even hit the floor.....stock market hasn't hit the floor yet so we got more damage to come all around
    4
  22123. Welcome back Superstar! Thanks for your insurance discussion.
    4
  22124. I'm in Minnesota and its starting to cool down it got into the upper 40's last night
    4
  22125. Really good Intel on Fla. R/E !....I always try to watch what the Wealthy are doing, in Beverly Hills , they are selling. Also, because of the "healthCrisis" , availablity (supply) has been reduced. I heard a unique "take" on R/E ; that the house is the liability and the mortgage is the asset ! Now is a good time to step back and watch , we are all living in interesting times......Thank you, Michael for another Great video.......
    4
  22126. This lady seems nice
    4
  22127. 16 years in Chicago area can’t wait to move away ... Chicago is fun from May to October, so many things to do outside... Michael you are right from October to May gray skies 🥶!
    4
  22128. I just received an email from Toll Brothers, a large builder in Texas. 4.99% 30 year fixed rate mortgage, courtesy of them. We are in for a massive crash.
    4
  22129. Love warm weather
    4
  22130. So strange and correct. I lived in belvidere and Woodstock IL. Now I live in Ocala fl. It does feel just like home.
    4
  22131. "People have to make their own mistakes". So true Michael. There are those that think they know better, don't take sane advice too well and so those are the ones that have to learn the hard way. What can you do? It is what it is. Thanks Michael. 👍
    4
  22132. Thanks for your veracity. Your honesty is appreciated.👍
    4
  22133. Hi Michael. You are the best.
    4
  22134. You just need to drop a few rolls of them gold coins and the first one is yours.
    4
  22135. I’m familiar with a couple Airbnb’s in my area (as in I actually know the people that purchased the properties and renovated them). One is absolutely stunning and was booked solid for months back in 2021 after first being listed. Got curious and just went to take a peek…practically zero bookings for the entire year. One weekend here or there, but some months with absolutely nothing. They put 10’s of thousands of dollars into that renovation. Out of curiosity I checked others nearby, and same. Something to watch for sure.
    4
  22136. I like the fact that you tell us what building it is.
    4
  22137.  @MichaelBordenaro  The last sentence told the whole story of Ryan’s post about needing a pre approval. These guys are invested heavily in the market. They are not going to do anything that will damage their bottom line period.
    4
  22138. this is a very nice beach ..being portuguese i would get along with everyone there i see lol...love these reviews!
    4
  22139. You are one of the only YouTubers that can talk on and on that I actually listen to the entire video
    4
  22140. My plan is I am 9 years away and I am only now purchasing dividend yielding ETF's with DRIP reinvestments. I am setting the minimum yearly dividends payments equaling my taxes / insurance payments on my paid off home. Then I can use SS without having to draw any 401K money in desperate times... I only need today 5200 today but assuming 6% increase each year figuring 8288 by retirement age per year for T & I. See if everything works out! Fingers crossed... Plus I have another paid off home that Gma lives in right now.
    4
  22141. question i am moving to jax in the beginning of 2022, would it be better to go threw an agent or get an apt online
    4
  22142. It worked. Thank you. Here are the instructions for those who missed it: create an account on creditkarma.com, log in, click on one of the credit scores, click near the bottom of the screen on Credit Report; click Print Report; click Print This Page; save it as a pdf.
    4
  22143. Always watch your video's Michael. They are all great! One point about the markets. The markets may go down / crash, but there are fundamentally strong companies with good earning, steady growth, low PE's and pay dividends that will end up in the tank. Those are the companies you want to invest in. With index funds you have to be very careful. Too many fund managers buy the markets, but don't do enough DD for their clients and those are the ones you want to avoid!
    4
  22144. When early YOY references start to show negative, they will fall back the Case Shiller which lags 2 months from closing which means about 3 months from contract date and hence when the agreement in price was made. Once CS shows negative, the narrative will shift and masses will take notice. Until then, people will be fed Soma.
    4
  22145. Im curious as to how the homeless situation is in Miami?
    4
  22146. Why would anybody rent a house for 18K, I can buy a hell of a house with that monthly payment.
    4
  22147. As a realtor I have advised clients not to buy when I think it wont be a good investment for them and guess what they (buyers) just go to another realtor that will say what they want to hear. People will buy if they want to buy period
    4
  22148. I don't understand people living in fear of everything. Things go up and down in life. I guess if you have low intelligence or have never had it hard. You can always roll with things as they come.
    4
  22149. Thank you for this tour. This apartment/condo looks very nice. Is there any parking in the building or is that part of this property an outside parking lot? But this place look cool. The kitchen is big in a "U" shape setting. The stove is electric which is ok. I think I would have that wooden part of that small wall attached to the frig I would take that off or maybe a new frig would be nice. The space in the living room/dinning and bathroom is very good looking. Again, the property looks very good and I think a small renovation to this property would be nice. Thank you for showing this property.
    4
  22150. Great video. You were right on point. The drivers and traffic are ridiculous. Not sure how people can deal with it honestly.
    4
  22151. Im planning on moving in 2022 but have been looking at houses and areas now because I have no real idea where exactly to move to (besides not moving to Miami haha). Id love if you could look at and share more detailed info about places like Port Charlotte, Sebring, Spring Hill, Palm Bay, North Ft Myers etc that seem to have the most listings under $200k.
    4
  22152. Great video Michael. St. Agustine looks great.
    4
  22153. There was an article in The Boston Globe this morning about grocery store inflation in Boston and that it's a lot higher than other parts of the country. Part of that is the really high costs of electricity in the state, some are logistics, and some are high fuel costs. What surprised me most about the article is the number of people saying that they've given up eating meat because it's so expensive. We actually started doing this several years ago, partly because of the cost but also because my digestive system doesn't handle beef well. The pricing on electricity is insane. We pay about $0.23 cent/KWH for power and I think that it's around $0.33 in Boston. $0.56 is really expensive unless they are rolling taxes into the price. For that price, I think that most people would just charge their EVs at home. Everyone I know with a Tesla also has a gasoline-powered car too.
    4
  22154. Lived in California almost my entire life, but I'm thinking of moving to Florida. Been there only once to visit the parks in Orlando, but I've seen so many videos here on YouTube about Florida, man, it's making me wanting to move there so bad. Also, have watched many TV Shows and movies based in Florida that has built a nostalgic feeling for me(it's hard to explain it, it's like I've lived there before but I haven't). The state is just pulling me in, and I think in a few years, I will make the move.
    4
  22155. I like your honesty keep it up, Don’t change!
    4
  22156. The luxury environments may have a price correction but in places like Miami Beach there are not enough homes for all the folks who want to be here.
    4
  22157. Hi Michael! We are looking to relocate from N. Calif to FL. Can you tell me the pros & cons of living on the gulf vs Atlantic side of FL?
    4
  22158. I've watched many you tubers explain intuition.But you have summed it up excellently.Iam in the process of car shopping.there is one car seller who is selling a car that I feel i should call back but just didnt want to.because everyone keeps telling me to go with something else .thank you for your insight.
    4
  22159. I feel like building codes in Florida should require structures built to bomb shelter standards. We have this same issue almost every decade it seems. Why are we doing the same thing over and over?
    4
  22160.  @MichaelBordenaro  whatever your wife and yourself decide I wish you both the best of luck.
    4
  22161. First 😅
    4
  22162. 1109 a month in condo fees! 🥱🥱🥱
    4
  22163. The joys of an underground garage :P Good to get that rain out of the way as I am heading to Miami tomorrow for the big race.
    4
  22164. Doesn’t this only apply to federally backed mortgages?
    4
  22165. Over here in Lakeland, we've only gotten a light sprinkle of rain. :( It's parched.
    4
  22166. Sellers will keep paying it one way or another. Nothing substantial will change, except that commissions to buyers agents won't be listed in the MLS..
    4
  22167. Would you say sunny isles is a good spot to raise a family ?
    4
  22168. I wonder if there is any correlation between the growing trend of young people getting into things like financial crimes/hacking, cyber crime, fraud, only fans/sugar baby relationships, dealing drugs, people smuggling and the cost of just having a life of comfort and your own space to call your place of peace??
    4
  22169. If they had 3 million dollars then why do they need a loan for 50,000?
    4
  22170. So comical, 3 years ago a house is valued at let's say $300,000, 3 months ago it went up for sale for $750,000 , today the house price was dropped $20,000 to $730,000. Hang on to your seats the market's crashing. 😱
    4
  22171. Simple solution move to another area you can afford
    4
  22172. America land of the loopholes
    4
  22173. Found myself nodding my head in agreement the whole video, I’m fortunately not fat, but I know I would be a lot more motivated to workout, and I would enjoy life more if I lived on the Florida coast. I hope to move to Madeira beach or Clearwater beach in the next few years, thinking about being on a beach, wave runner/boat, fishing, snorkeling every day makes me so happy.
    4
  22174. price drops are way more severe when adjusted for inflation.
    4
  22175. Hi Michael.....it's the guitar player again (Kathryn) from Southern California {by way of the UK/Ireland). I know the law says that retirees can still get a mortgage as there can be no age discrimination, BUT IN REALITY what are the chances of getting a 30 year fixed mortgage on a single family home in Florida for a couple aged 76 and 67? Our bank says yes, but they are mandated to tell us that... Fico scores above 800. Income is completely based on social security and we have no debts at all. And we would have a 20 per cent deposit for somewhere more modest, say around Northern Florida or one of the cheaper coastal areas. Thanks. Really finding your videos very, very helpful and well made.
    4
  22176.  @MichaelBordenaro  No, the bank did not say we needed an 800 Fico score. I just told you that to show we have good credit. I will bear the broker thing in mind. We will probably rent for a while while we choose the exact area we want to buy in, but we will definitely contact you for your recommendations. In 1980 and again in1987 we toured all round FL by car for three weeks each time, and are familiar with the different areas and have updated our knowledge with some research and Google Earth. But I think it is better to rent first so we can spend time to decide where to eventually settle. We have spent ALL DAY watching your videos which are SO helpful. Thank you. Must go now to watch another one!!!!
    4
  22177. Yeah tiny homes Michael but some of them are up in $100,000 or a little better
    4
  22178. Just do everyday stuff. These are the best kind of vlogs to watch. Keep it real, don’t go out of your way to create “exciting” content. You will wear yourself out.
    4
  22179. Entourage is good but ‘BURN NOTICE’ doesn’t fall short 😀👍🏻
    4
  22180. Michael Bordenaro ohhh man.... you really should. It’s brilliant. Yes, most of it was filmed in Miami Beach and dotted placed around Miami.
    4
  22181. Fantastic video,.....so informative,.....especially having every pro offset by a con.
    4
  22182. Thanks for another great video! Rock on real estate warrior 😎
    4
  22183. Sad that they were turned away as Biden Administration will not take Cuban refugees 😢
    4
  22184. But the good news is the stock market bubble is back!
    4
  22185. I was seriously considering moving to Florida until I started researching it. The sinkholes scare me, real estate taxes, and the hidden fees associated with the purchase of a home. I’m thinking about St Mary’s Georgia now.
    4
  22186. Thanks for sharing Michael! Loved this video. It's great to know there are still affordable places on the beach. For a single guy who loves Florida and the ocean, something like this might be a good fit 🤙🏻
    4
  22187.  @MichaelBordenaro  And for a single lady!
    4
  22188. I usually need a vacation after my vacation. Carrying scuba gear around is tiring.
    4
  22189. I really love the idea of banning foreign buyers, but come on, let’s be real. America will never do that. America is not a country America is a corporation.
    4
  22190. Look at this beach-walk. !!!
    4
  22191. BEAUTIFUL!!! Yes please do a video about the CA culture vs. the FL culture. Also about everything else on your mind. 💜👏💜
    4
  22192. Hi Michael, I'm not sure it's the camera angle but that microphone is huge, almost as big as your head. LOL Love your video as always.
    4
  22193. At current rates, only those who can't do the math will get a mortgage. Run your proposed purchase at 3% vs 7%, all that extra money just evaporates. Still in the market?
    4
  22194. Hi Michael! Watching your channel time to time. Like you being realistic. I’m a truck driver on long haul moving all kind of stuff. Trucking industry right now in really really bad shape. Isn’t this a sign of bad economy? Wonder if you want to look into that subject and make a video about it. Thank for your analysis.
    4
  22195. A coworker of mine has to replace his natural gas hot water heater. $3300!!! That is crazy. Mine likely will need replacement in 5 years. Thankfully the roof is 3 years new and the heat/ac system is about 15 months old. Homeowners better put money away for these things.
    4
  22196. I’ve been layed off more times then I can count working for the railroad. I had $5000 saved up and only used $500 before unemployment kicked in. Layoffs are not the end of the world. You can definitely build with a new job or career after getting laid off. No need to think you’re going to suffer greatly over a layoff.
    4
  22197. People buy houses based on monthly payment not based on prices. So 500k house today could be chipper then 350k with higher interest rate. I don’t think this is the peak of market and wouldn’t be surprised to see prices go up next 2 years. Of course, each market is local and it’s not possible to make general predictions for whole USA. But here is my point: inflation push prices up but also destroys (30y fix mortgage) debt. That’s why I see RE (bought on mortgage) as a good protection against inflation for an average person.
    4
  22198. thats how I feel today thank god I found this
    4
  22199. Majority of the Mid west is that way. Where I live in Florida it's tons of Michigan, Illinois and Ohio transplants.
    4
  22200. There are 2 facebook groups moving to florida and 1 facebook group moving out of florida
    4
  22201. For the algorithm.
    4
  22202. 2023 house prices will drop world 🌎 wide.
    4
  22203. Opens up with 🏄🏻‍♂️ surfing!!
    4
  22204. I played it back and realize you're still in Arizona. Have a safe trip
    4
  22205. Happy birthday, thank you for all of the information
    4
  22206. I love how you are honest without sugar coating it. Pls keep the videos coming
    4
  22207. Both Walmart and Amazon have seriously altered their return policies, and not in a good way, and I say that being a Walmart+ member and a Prime member. Amazon used to come pick up returns, not any more. Also, many items now say 'no returns'. Walmart will literally send FedEx to pick up a broken item for a $6 refund so I don't find them being generous at all. Years ago I bought a big heavy wooden dresser at Amazon and they told me to keep the item when I tried to return it, but it was a hunk of junk so I didn't consider it a gift. I'm guessing so many went back they didn't have any more room. It could be a localized issue, perhaps in my area they have more storage space so they want their junk back. I have been really thinking about purchases now because I may end up stuck w/them.
    4
  22208. I wonder how old those homes under $200k would be. The older they are the more maintenance expense. Maintenance is way more expensive in FL than where I was in Cali, between the massive lawns, wells, sceptic, old plumbing, old electric, old dry wall, tile and on and on. I wouldn’t trade it for Cali by any means, I just wished I had realized it before I bought.
    4
  22209. St. petersburg FL is also a good place to live too because it has a Secret Garden and a place called Mazzaro's that is all fresh made Italian market no where else in the world, so, people all over the world come here. So, you should come here!
    4
  22210. Water is a problem west of the 98th meridian. When they divided the west they ignored the guy that wanted it divided by watershed. Now states compete for water. Those areas are doomed, long term. That may not be on the forefront of buyers ... But industry recognizes it.
    4
  22211. Nahh I would not stay in Fort Walton. I would have found a better hotel in Destin. That's where everything is. Also you should stop at Seaside. A little community east of Destin. That's where they filmed the Jimmy Carrey movie.
    4
  22212. But, If you want to be in the hotel business, do so on commercially zoned property. I don't want strangers in and out of our family neighborhoods. And that's what's happening. My former home is now abnb. It's terrible. I'm concerned for the safety of the children. There's no security or restrictions. It's sad to me. 😞 sorry. ✌️❤️ ~ 🦋
    4
  22213. EVERYTHING YOU SAY MAKES SENSE! Yet another great Video Michael. They are saying interest rates here in australia will be paused and on the way down, as you say, they are most probably going to continue their upward trend. who really knows! One thing is for sure is that the central banks are playing a game of chess, they haven't been check mated yet but that may happen in time, in other words, something has got to give.
    4
  22214. One of your best videos you’ve ever done…the gloves are off…well done Michael…keep it coming…no fear brother! 😎🎯👍🔥
    4
  22215. The fellaz - these collab's are great. Enjoyed it.
    4
  22216. Once the first wave of foreclosures happens I feel the exotic car market will get saturated with repose & therefore can you show that inventory also ? Thx
    4
  22217. I remember those days and l sure like these days much more.. traveling with littles is no vacation at all… (jmho)
    4
  22218. Hey Michael. I really enjoy this video. It's something different than the depressing news about how unaffordable real estate is in Florida. I live in CA and I know it doesn't affect me but this is something to take our minds of the current state of our economy and our nation. thank you and I just love love love hearing your soothing voice.
    4
  22219. To Michael I love ur channel. Any chance you can talk about the rise of homelessness and people living in their cars. Im seeing more and more people that are living in cars in grocery store parking lots.
    4
  22220. Florida is flat as an.. 🤣
    4
  22221. Along with all your other talents, especially real estate, you're also a quick change artist. Love the dove grey shirt, Michael. Classy looking!
    4
  22222. ONLY PAY 4 WHAT U CAN AFFORD... STACK MONEY FORGET THE HONEY!!!!!
    4
  22223. Hello everyone save your money please
    4
  22224. Hope you're doing good bro Go ice up your leg
    4
  22225. Monad Terrace is next level expensive and luxurious. Eventually, the entire baywalk will be connected from 5th street to Lincoln Rd. and onto Sunset Harbour via the new pedestrian bridge on Lincoln Lane.
    4
  22226.  @MichaelBordenaro  Yeah, buy two. One to live in, and one for your office. Pocket change. LOL
    4
  22227. I live in a few hours from a big city and my rent is 500 for my one bedroom. I rent from a private landlord also
    4
  22228. Yes, being out in San Diego is nice. But I do like Santa Monica beach boardwalk area to Venice Beach us a nice walk as well. Plus I do have family in L.A. But thank you again for your videos about Miami.
    4
  22229. Wonderful video, your Mom should be proud of the great guy she raised! You moved to Florida and created an awesome job and life for yourself !!
    4
  22230. Bommer here keep up the good work
    4
  22231. One MAJOR event you left out, Global Warming and Sea level rising. Florida is NOT a great investment past 20 years from today. Sea levels will be high enough that parts of FL will be submerged 80%-90% of the time. So maybe it would be best to take your investment money out of the state and away from the coast, especially if the land you will be constructing on is below 300 ft about sea level. Just saying.
    4
  22232. I know Bill Lumbergh! Went to high school with him, we both graduated in 1988. Real nice guy.
    4
  22233.  @MichaelBordenaro  How often you you have to evacuate Florida? And for how long? (Sorry, I'm from Europe and I'm overwhelmed with all the nature catastrophes here)
    4
  22234. Agree, not saying I am excited but I am prepared and feel better about that. The crash is needed to get back to reality of a real world.
    4
  22235. Better luck next time lol thats harsh
    4
  22236. Bitcoin can’t be manipulated? It might be one of the easiest manipulated investment today. If Musk mentions he will accept it for payment or won’t it either rockets higher or tanks immediately.
    4
  22237. Your grampa is living the life. He looks young. Must be all that vitamin sea🙃🙂
    4
  22238. Outstanding video
    4
  22239. So Micheal what state do you prefer? Fl or Ca? Another great video 😁
    4
  22240. Another excellent vlog!🙏👍
    4
  22241. Why would anyone with aspirations and intentions of becoming property owners move to California right now?!! INSANE!!!
    4
  22242. Good morning from Oregon Michael.
    4
  22243. 😂
    4
  22244.  @fredchevry5786  I’m right there with you, lol
    4
  22245. Enjoy your content and the walks around Miami is always very cool!! Just a heads up about Publix.. They are definitely NOT turning off lights in the store or the food cases. The store lights do that if they are running the generator and the food cases looks like a breaker is tripped of a refrigeration tech is working on them. Publix Supermarkets in whole makes 40 Billion a year and owes No One.. They have more money in the bank than you can imagine.
    4
  22246. Most of San Pablo Ave is pretty sketchy / trashed, heh. Oakland alone has higher violent crime rate than all of Miami. The SF bay can still get gritty and rough in a sense that Philly and other blue collar cities are -- it seems wealthier (in some respects) than it did during the crack epidemic of the 80's but still has a very pessimistic /antisocial vibe that you don't get (as much) in LA. In LA I think appearances and social status are more important so they tend to be more conscientious, maybe it's the sunlight. The politics and average metro mindset in Ca is so toxic I've found everyone tolerant of it to display some serious pathological issues, and I'm not merely trying to be hyperbolic. I'm being quite literal. I know that sentiment gets repeated but I have a heavy heart over the issue. Anyways, thanks for the vids.
    4
  22247. Our Michael sure LOVES his California
    4
  22248. If interest rates hold or increase for a longer duration, the Economy WILL CRASH
    4
  22249. Michael, You're Adorable!!!!! I've always been an optimist --- but the last couple of years, life in America has beat me down. The American Dream has disappeared - even for Americans!!! Keep telling us the Truth --- I'm onto everything that's been going on --- but so many people are naive, clueless, they believe the lies, or they just don't understand. Thanks!!!!
    4
  22250.  @MichaelBordenaro  I think its a different kind of bad. There will be a lot of people upside down in there mortgages that just bought there house at the top of the bubble. Depending on how many of these properties were investments we could be in a world of pain coming up
    4
  22251. How many times a year would this happen
    4
  22252. Nor cal... you can always drive to So Cal
    4
  22253. How bout some DRONE videos?
    4
  22254. Hi Mr. Bordenaro. great video as always. i think in you trying to find your grove in making videos on youtube, i think you have found for now. very confident and vary entertaining . its only up from here on . one thing i wanted to ask. in those streets you were walking with all the rain that can hit out there at any given time. , i seen no drains much place for the water to go. is there a lot flooding in that area were you are ? anyways i wish only great things young man. God Bless you
    4
  22255. Thanks for the info 👍
    4
  22256. Happy eventful weeks ahead folks Elections are soon and it will truly be, Eventful. Gotta love (Or not) election years
    4
  22257. Thanks guys. I needed this pep talk.
    4
  22258. Can we be insured for Sharknados? (DAAAAAMN! - Fluffy Iglesias)
    4
  22259. 9200 units for sale in sarasota county, 3500 in North Port alone. Lol.
    4
  22260. Remote or not, workers will be affected by their company if this recession affects their company's bottom line.
    4
  22261. I agree with you about new law purposed, scam potential. Also, I think too many people buy homes with their emotions which leaves them open for bad investments. To me using common sense is more profitable.
    4
  22262. Good video Mike. I think you should discourage people from moving there haha. Seriously FL real estate is going to crash inevitably. It is overheated and overrated. Dont get me wrong I grew up in Florida and plan to retire there. FL is a special case. There are some signs around the country things are turning around.
    4
  22263. Not the Clevelander for sure..
    4
  22264. Does anyone have a car garage in Miami?
    4
  22265. Yea man if you hold long term than a 22k bitcoin is a steal, very wise move...and as for moving your bitcoin off of coinbase, it's basically the same reason you want physical cash Vs leaving it in the bank ...the bitcoin is technically not yours, and has potential to be hacked considering it is still in "cyber space." Coinbase claims to be "insured" up to 250K, but if you dig into the details, there is some shady stuff, overall its much safer to have your bitcoin in a hardware wallet, as they say, not your keys, not your crypto.
    4
  22266. Wash, Rinse, Repeat…🔁 This is exactly how the economy was acting in 2008. On a Macro level, humans never change. They spend every dollar they make…and then spend more.
    4
  22267. Looking forward to seeing comparison videos too. The SD, LA, Carlsbad beaches are WAY colder than Atlantic. I could do without S.Florida summers since I experienced many of them. Thanks for sharing.
    4
  22268. Yep, I've been seeing a lot more homes come on the market in my local neighborhood area in the last two months. I think as you said these people are trying to cash out before the market dumps. By me in Western Pa. we''re always a few months behind the rest of the country. If Southern Fl. or Southern California starts to tank this area is probably sixty to a hundred and twenty days behind them.
    4
  22269. 🙋Hello Michael
    4
  22270. Mortgage=Death Pledge in French with Interest.🐑🐑🐑🐑🏠🔥🇺🇸👍
    4
  22271. Off topic question. What beard trimmer do you use? I have yet to find one that I like and works well.
    4
  22272. They're not going to ban institutional investing. In order for the proposed bill to pass Constitutional muster, that thing would be full of loopholes, workarounds, and would make millionaires out of two-bit house hustlers. The only reasons that they're doing this is to make the self-made victim crowd feel like something is being done about it, and to scapegoat investors.
    4
  22273. Your favorite was the best... the last apartment. I want to go home to Florida someday, somehow...
    4
  22274. My realtor just told me this is the best time to buy a house. I don't get it.
    4
  22275. Yep. Totally agree.
    4
  22276. Im hoping everyday
    4
  22277. Everything I buy at the store is 50-100% higher than a year ago. Not 8%. And gas has more than doubled since Trump left office.
    4
  22278. I think that people will generally be better off buying in 2022 than they were in late 2021. Of course it depends on each individual market, but I think that it’s highly unlikely that you’ll see anywhere near the kind of home appreciation that we saw last year. I’ve been looking for a place to buy and I’m seeing a lot of price cuts in the last month. I saw a place this morning that sold for 200K that started out with an asking price of 230K. If a home is worth what the seller is asking, and it’s within my price range, I don’t mind buying. I just think that some of these homes are not worth the list price, and that the price is based on easy money and on the hysteria in the housing market that developed over the course of the pandemic. I think that asset bubbles are good for short term gains if you’re a seller but that they’re bad for long term stability, whether it’s the stock market or the housing market (I’m invested in the stock market but I’m glad that the FED Chair is focusing on inflation even if it causes losses in the short term, because it’s better for stability and sustainability in the long term). I will say though that this winter may be the best time to buy if you’re looking to buy this year and you’re seeing price cuts in your market. There aren’t as many people looking to buy right now because so many people already bought, and the pandemic monetary policies are coming to a close, and the FED hasn’t raised interest rates yet, and most people don’t start looking for a home until the weather is nicer, so if you can find something you like now, it may be the best time to buy.
    4
  22279. I’m a Floridian girl who moved to Italy 5 years ago, now I’m coming back to Florida and I found a beautiful (115k $) house! I’m so happy to come back but, actually, I wish I knew bout this video before 😅 btw amazing video! Edit. The house I found is in south Florida, near Bonita Spring
    4
  22280. Hi Michael. Flipping is now finished. Coffee bars and restaurants quiet. The coffee shop I go to has just increased prices 45% and is empty. I think prices will drop the most in the next 6 months and then a slow decline for the next 14 months. Florida will be benefit from those who leave California to move to Florida.
    4
  22281. Good point.
    4
  22282. I love to live in Palm Coast!
    4
  22283. Hawaii is expensive but it treats old people well. As you age from 60 on, property taxes go down. And I believe that you can’t kick someone out of their home after 65 if something like the stories you mentioned happened. Not certain on the though. But I do enjoy lower property taxes then when I lived in Oregon and the house here is valued more.
    4
  22284. People are being pushed out into what are considered less desirable areas. However, those areas will become more attractive when people are forced to move there. As for those "homes" that will be renting for$1750/mo, just wait, that is the introductory price. When those rents start rising people will be pushed out of those as well. I am considering moving to Wyoming. That state is more in my price range.
    4
  22285. All you have to do is look at the avg salary and the avg housing prices. that tells you everything
    4
  22286. Micheal, you're a realtor. You know 2 things make house expensive, size and views. That what those people paid for at the beginning of the video. Oh, and great weather.
    4
  22287. Great video man
    4
  22288. Loved your Dad. He’s a sweetheart. Our daughter moved to China after graduating from college. Boy, was that hard on her parents!!!
    4
  22289. They have to keep the commission's rolling in. It's not any more complicated than that. Especially if it's a transactional broker. If you get screwed, remember, they just represent the "transaction"...got it?
    4
  22290. Once home "appraised" values goes down 10k month for 3 months, then I can say it's a housing crash. I doubt sellers are selling to upgrade but to capitalize on the insane rise of home values that may not return within the next 3 years.
    4
  22291. How much have they spent to upkeep and upgrade this home??
    4
  22292. The claims come before the 30 years is up and you have your full nest egg. Each claim will set you beck and shrink your potential nest egg.
    4
  22293. Love your channel, love all your videos, sound is off on this video
    4
  22294. I almost commented on the San Ra-fell vs. San Ra-fa-el pronunciation, but I figured someone else would. If you ever go to Cairo, Lord knows why you would, it's Karo, like the syrup, not Ky-ro like in Egypt, nor care-oh, it's Kay-Ro. Go figure.
    4
  22295. Millions of low to mid middle class folks are sucking oxygen though a straw right now with no end in site! Something is going to give soon just a matter of time.....Need bigger straws.😁
    4
  22296. How is the nightlife in North Beach? I want some nightlife scene at the same time don’t want to deal with Spring breakers so.
    4
  22297. In my area (Wilmington NC / Myrtle Beach SC) real estate prices are beginning to cool. Note this area is one of the fastest growing areas in the US but it has become overpriced like S Florida. I sold a 2BR condo in Sep/Oct 2022 for $525k, full asking price. It only took 2-3wks to sell. Yesterday I checked MLS: same neighborhood - 2BR asking price $429k (been on market 3mos) also a 3BR is on market for $519k. I checked listings in my community as well - prices have backed off 10-20% (this is a very desirable golf community).
    4
  22298. Or, you can be an old man like me and not owe anyone a dime. Take your pick...
    4
  22299. It's getting to point you have enough money to cover any lost you may suffer to replace your home! It's going to take years to get that money to cover your lost till you get to that point. Great video and some really good advice! Thanks
    4
  22300. I hope by the time I graduate and get my Masters degree, I could get a job and live there. It looks like a great place to live! :)
    4
  22301. the only downside is that in the below 300,000 range you will not find a 2 bed 2 bath apt where you have banks, restaurants grocery stores, fitness gyms an a big mall within a 10 minute walk. It was why I chose to buy a 400, 000 2 bed in Brickell 10 years ago in Brickell. I moved 2 years ago an moved out of the country, but watching your videos has me thinking of moving to Miami Beach.
    4
  22302. Thank god I live on the only hill in Florida
    4
  22303. Thank you Michael for keeping us informed. I was thinking about Condos a while ago BUT Thanks to you and your channel I’m not even thinking about that anymore. I’m still very interested in the Clearwater area. Have a great weekend my friend. , Carlos
    4
  22304. Texas, Alabama, Georgia, Carolinas are also another option and more reasonable prices and grand architecture, scenic coastlines, and more Diversity than Florida..economically and racially...Florida has low wages, zero taxes and high rents..who does that serve really...it attracts an older, wealthier set but excludes many others.
    4
  22305. What’s your prediction for Miami Dade? I think there is still so much excess foreign wealth pouring in that prices will not be too affected.
    4
  22306. Just depends on the situation that will determine whether you should buy. Yes interest rates are going up but I've seen no slowdown here in my city (Orlando, FL). Maybe other markets? Historically real estate has always gone up. Look what happened in 2008 and look where we are at now! My home was probably 175k then. It's worth about 430k right now. So you decide to wait and we probably won't see a pullback like we did in 08. Let's say there's a correction of maybe only 10% and your house is 300k. Is you waiting for a 270k house really worth it though? What if your lease is up? Consider rent prices going up and you could start building equity. What if rents go up considerable where you could just always cover your mortgage and rent covering a substantial portion of your rent with cash flowing your house? Also, I know people want to be close to family and friends and not move from their nest where they grew up. The world is a lot smaller. Consider other markets. I know too many people bound to where their kin are and the feel a sense of attachment. There are good homes to be found in good job markets in other cities. I'm on the side of not being a renter (or living with your parents) indefinitely. You ask yourself is your limited time here on earth worth waiting for something that may or may not come with a market downturn, correction, or crash? Many of the people that lost their minds in 2008 that were underwater on their mortgages that held steady are probably feeling a lot better now for staying the course.
    4
  22307. Go to City Fire, open late!
    4
  22308. i brough my mobile home 2010 only $38000 now i can sale for $150 k my lot rent is $320 2010 now is $470 in 13 years they just increase $150 not bad rigth coz we have rent control .in 13 years i live in my mobile home i save $200 k.i dont mine if the housing market crush i buy my mobile home way cheaper than suv car and last one my property tax just $35 once a year. im happy and i have financial freedom in my 2 bedroom mobilehome .now the rent amount for 2 bedroom apartment is $2k in my area
    4
  22309. Try being a first time buyer already needing a move up home...
    4
  22310. Next time how to rent without a job and no money by Michael Magic Bordenaro ^^
    4
  22311. Welcome to California! If you make it down to the Monterey Bay Area while you are here I’m going to look for you so I can make a cameo “Hey! I watch your videos!”
    4
  22312. Cold water equals NO Hurricanes & NO Tropical Storms...Just an Earthquake & Fire once in a while!!!
    4
  22313. Hurricane 🌀 about to strike Cali
    4
  22314. Oi,Tudo bem.Stairway to heaven!!!
    4
  22315. Fools use their home to get money to pay off credit. Cards or anything!!
    4
  22316. I like going to Miami when I can. I was in Fort Lauderdale swimming last week and even drove up to pretty Palm Beach. The traffic in that area can get really congested and bad. It’s a pretty, safe place overall. I travel extensively and every time I’m back in Miami, it always feels like I’m in either Mexico, Central America or South America. It’s weird because, being an American, it’s expected that everybody should regularly communicate in English everyday in America. I’ve met people who literally moved out of Miami just from the language issue alone. When I’m in Florida, I never understand how people can afford to live in rich million dollar homes because the wages are a lot lower in Florida. I just don’t know how $500k - $1mil plus houses are sold when most people in FL or in any area might make about $30k-$50k gross a year. It just doesn’t make any sense mathematically and doesn’t add up. Any ideas how people get the money or mortgages to do it? Thanks.👌🏻
    4
  22317. Here's something else people forget to factor in when talking percentages. Let's say you get a report that says median home prices up 30% in 2 years. But then 2 years later you get a report saying median home prices down 30% in 2 years. You don't have even close to the same value, 100,000x1.3= 130,000 thats your up in 2 years. Now a 30 percent drop actually indicates 130,000x.7=91,000.
    4
  22318. Planning on moving in 2022 from MA. ( 11 degrees out this morning) Looking at Palm Coast which is close to St Augustine but after seeing this video I will definitely check out St Augustine Thanks!
    4
  22319. Michael, I buy one Lotto, one Mega, and one Powerball ticket only when I fill up my tank. $5. I work remotely, so it's not much. 😄
    4
  22320. Catching up on my comments on your videos. What a fabulous ride on the water. San Francisco is on my list of places to visit. Alcatraz and the Golden Gate Bridge were epics views. Did you see that you caught a plane pulling a banner above Alcatraz. I thought that was kind of cool. Some great things happen by accident. Lisi is so in tune with the nature and animals, it is like they are all her babies, its cute. Thanks for letting us live vicariously through your lens. Bro I like that you even added a bit of street vibe with the bells ringing and a shot of the street car going down the avenue. These are different videos from your norm and away from real estate. I enjoy them. I hope others are too and like and share them for you. Do you have a name for this trek? Maybe create some merchandise of you and Lisi's visits, if you have enough interest. I know that can be headache you may not be interested in. LOL Just thought I would throw it out there to give you feedback.
    4
  22321. Thanks for looking out for us Michael
    4
  22322. Hey there! Any info/opinion on the sanford, FL area? I’ve been considering the broadstone Viridian complex but I am from out of state which makes picking an area so hard.
    4
  22323. Last Friday Nevada Senate passed rent controls hope you didn't invest in Vegas because these clowns are toast.
    4
  22324. Thanks maan Im about to buy Oculus Quest2 and best price is on Amazon and now i know that its legit when i see ship and sold from Amazon :D
    4
  22325. Brilliant video and I love Bet David. I saw his vid about Florida few days ago. I just hope that once I’ll make the move, there will be space for me too 😅. It is a shame about what is going on in California and I don’t understand how such an amazing state become so broken that so many ppl and businesses want to run away from it.
    4
  22326. When I had to refinance my house after my divorce to get the house into my name only the credit union I used did not do escrow accounts so I have been paying insurance and taxes separately for years
    4
  22327. Why were you comfortable to move away from all your friends and family in Illinois To Florida when you didnt have money? That means you hardly ever saw them. What was the priority then? Most people i know this is the reason they dont move. Family comes first always.
    4
  22328. after NYC... Ocala is heaven!!!!!!!
    4
  22329. Same here i live in clearwater and Dunedin its crazy this flippers killed all business and pushed low income hardworking workers to leave this area
    4
  22330. Great video!!! You hit the nail on the head with why people are leaving California!
    4
  22331. ❤️ thoughts and prayers to you and everyone watching this bc this is reality...thank you for sharing this
    4
  22332. 2
    4
  22333. thanks mike
    4
  22334. Michael Bordenaro ...what part of Illinois you from ? Thank you . Staying home!!! Debt free, the best route.
    4
  22335. I live in🐚🐙 Miami, Florida 🐢since i was 12 yrs old now am 57 yrs old everything he is talking in this vedio its all true and its just going to get worst..😊
    4
  22336. Let’s not forget about the pet situation. Most condos don’t allow pets. That’s a no-go for me.
    4
  22337. Rules of thumb are just that. This country brainwashes you that homeownership is a must. Switzerland, a wealthier country, is a country of renters, not homeowners. I suggest putting 30% of your income into savings.
    4
  22338. Great Video Michael , I have two kids 30 & 32 My Boy 32 Hard worker High Grades Air Force Academy Captin in AF, wife bought a house 2 kids it's a grind but it's working. My Girl train wreck bad grades 2 DUI s no car , wrecked 5 cars, waiting tables never keeps a job , I believe in tough love so she's own her own. Would never let her move back and live like the rich & famous . I have lots of neighbors with 40 something kids still at home , they will never move out just waiting for there parents to pass on...
    4
  22339. Have a safe Trip !......Glad your car is OK !.....Michael and Lisi , the last time I drove cross country from LA to NYC (1994); I did it in 2 1/2 days....Crazy....I had a 2 meter ham radio in my car and spoke to fellow ham operaters along the way ( kept me awake).....Please let know when your in LA !!........Safe Trip and Godspeed....
    4
  22340. WOW. (MB) somethings different in this vid now I see how you got the modeling thing so easy somebody looking rather dapper you go bro nice LISI making you look young again 😂😂✌🏾shout out nyc✌🏾
    4
  22341. Brilliant thanks Michael. Was it from Metallica ,I can name the guitar LTD EC -401 😂. Favourite flip flops Rider made in Brazil 🇧🇷. I’m really enjoying this tour and it’s very much appreciated. Best Regards to both of you.
    4
  22342. And here's one of em about to get reported.
    4
  22343. Your dad is a very sweet man. I always wished I could have a conversation like this with my strict, controlling, very old school Sicilian father (he loved Mussoiini!) Argh!
    4
  22344. What do you mean crazy latin culture ^^
    4
  22345. I was this close to buying a condo in Brickell in 2021, tempting, but the HOA fees i just felt i knew this would happen. I'm going to hunt for no hoa homes this summer. If you have a video guide on best zones for no hoa in fl please share.
    4
  22346.  @MichaelBordenaro  and i also love modify cars and what about bikes
    4
  22347.  @MichaelBordenaro  and i am from India is it ok to move there what problems will i face
    4
  22348. 👍👍👍👍👍
    4
  22349.  @MichaelBordenaro  I was thinking a year would be a good starting point to start looking. Thanks for your response!
    4
  22350. Love from west palm 😎🏖
    4
  22351. It’s important to assert property rights, but even more impotent to figure out who your neighbors are.
    4
  22352. No job no credit but have money for 6 months to give upfront . I’m currently homeless but I will not spend my apartment money anywhere . I need something to settle down . Because I already have a tittle that can let me work anywhere . Right now I’m just in a situation that I need a place for me and my pets .
    4
  22353. I agree about seeing what is in actual reality and appreciating the beauty of this creation. What attracted me to your channel is that you are out walking showing us the beauty of Florida. Thank you
    4
  22354. Thank you Michael for these videos. I love Florida and spent many of my childhood summers there visiting my grandparents. Your videos let me visit again. I’m in my 70’s and a semi invalid now. Thank you for helping me feel better and remember happier days.
    4
  22355. Guy making more money on these YouTube videos than as a realtor
    4
  22356. 5.80$ gallon gas coming soon..Standby MO' pain and suffering coming 😂
    4
  22357. $40,000 a year for taxes alone is $3,333 a month ! i see you're a Metallica fan, i have the same guitar.
    4
  22358. Just finished watching your last video! And here you go again popping them out ‘ keep it up 👏
    4
  22359. Basically all high end homes are staying on the market for longer periods. Buyers don’t be dumb and bite on high prices. All realtors are recommending buyers to pay high prices so that they can move on to other sacrificial lambs.
    4
  22360. all I have to say is history repeats
    4
  22361. Appreciate you for sharing to your viewers how mortgage loans really work!
    4
  22362. Thank you for sharing …looks too sleepy for me. Isn’t New Smyrna beach #1 shark sightings area
    4
  22363. Hi Michael, I CHOOSE to watch you and I love your comment about people who want to live in a fantasy world, go to another channel that will let them 'live' in their fantasy paradigm, that everything is going to have a happy ending, like Disney movies. THANK YOU, Michael, I watch you daily and enjoy your data and trends you share with us. I'm up in Port St Lucie, about 2 hours north of Miami, and the rents and home prices are ridiculous! I earned my Bachelor and Master degrees from University of Miami and lived in Miami after graduating for another 2 years before I moved up to Port St Lucie, because I had family up here that needed me because of their aging issues. KEEP UP THE WONDERFUL WORK YOU DO FOR US THAT CHOOSE TO WATCH YOUR CHANNEL.
    4
  22364. The Bay is calmer and less windy than the Gulf.
    4
  22365. 14:40. ‘Forced’ expenses for all! That will lead to major blowback especially from tenants, landlords, owners of multi unit apartments or condos to update and install charging stations that will need metering or electronic billing/charger, let alone the maintenance and dangers of plugging it in during a rainstorm or flood and puddles. What’s wrong with having a more phase in approach with plug-in hybrids that don’t need to be plugged in instead if you do recharge it extends efficiency of your gas engine, no matter if it’s a truck, sports car, SUV or sedan, or additional catalytic converter tech that capture more emissions from fuel powered vehicles. Or hydrogen or cheaper more reliable new battery tech or tech that has yet to be invented in the coming years? Way to soon for such a narrow minded mandate….what about home burners that use oil and gas?? Is that next on their hit list to mandate all homes be fuel free and go all electric ?
    4
  22366. You definitely explained many important points, filled up with experience and knowledge. Thank you!! 👍🙏
    4
  22367. Destin and Fort Walton Beach are the best
    4
  22368. You are correct Micheal❗️It seems like scamming in all fronts! No one with any brain will believe this kinda of pricing! 🤔
    4
  22369. Michael, Merry Christmas to you and your lovely wife!
    4
  22370. There is nothing more permanent than a government temporary program …sub prime loans next…
    4
  22371. i think a %20 reduction is quite possible
    4
  22372. I moved here from Connecticut, I definitely don't miss the snow and the high taxes. The cost of living here is really getting out of hand, so definitely move with a plan and a good job. The drivers here are idiots, but other than that is was a great decision..
    4
  22373. My understanding is driving from LA to Vergas the charging station in Baker CA has many times 10 hour wait time just to start charging their cars. No thanks, pass on that.
    4
  22374. i was there a month ago and was totally turned off by the orange sand. go to new smyrna beach its the best
    4
  22375. First 🤠
    4
  22376. Can you talk about sinkholes and where is the safest area. Thank you for your videos
    4
  22377. Hi Michael, I love the nature scene in contrast with the busy street of Collins Ave. I love your views on the market and I am sure someone actively in the market will find your information very helpful. Keep up the great work my friend. BTW, I'm still stoked about your new condo. Can't be more happier for you guys.
    4
  22378.  @MichaelBordenaro  I'd like to suggest you keep an eye on those two properties you passed, and give us updates as time goes. It could be interesting to see if you can use two random examples as support for the things you are "predicting". Just a thought.
    4
  22379. 2019 + 3% approximately
    4
  22380. Our current standard of living is unsustainable coupled with the dramatic changes in our social structure observed over the past several decades.
    4
  22381. Great video!
    4
  22382. What would happen if the fed pivots to gold/silver including in the ground reserves
    4
  22383. Great video Michael
    4
  22384. There's absolutely nothing that would give me a reason to believe that home prices will go any higher in the near term. Of course there are those that will listen to the FOMO lies and make bad financial decisions. Many of those homes will end up for sale at 50% off in short sells. I bought such a home in 2009 and will likely buy another in 2025 because when no one can afford homes at current prices, prices will come crashing down.
    4
  22385. transportation is the canary is the coal mine.
    4
  22386. We hear you perfectly with the wind background that gives us the real expirience. Thanks Michael like always brilliant choice of subjects and very clear intel.👍🏻✨ We have go through the same changes in Ibiza & Mallorca in Balearic Islands in Spain and the result is exactly what you said. That's bad. Hotels, restaurants, night clubs would struggle to find staff because it's no housing for them Who Will serve the millionaires?... it's a domino effect. ( Domino ? Is english?) In Spain the squaters get the super villas to live in winter wich is no correct but I can understand that working class fellows get pissed and go ahed ...😆
    4
  22387. Was that house in Davis shores? That’s so cool about that house situation! If it is in Davis Shores just know that that area got rocked hard during both hurricanes! So it might look new because there have been a lot of renovations due to the hurricanes and I think that area can floods bad also!
    4
  22388. What counts is the whole area, not just the city. West Palm beach is part of the Miami metro. Saint Ausgustine is part of the Jacksonville metro and so on....You have to evaluate the entire region. Naples fl may be high-end, but drive 20-30 minutes north and you're in Fort Myers, a total different scene but still in the same region. Evaluate the entire region.
    4
  22389. Not in Central Missouri, the market is STILL red hot!!!
    4
  22390. I lived in Tampa once. I didn't care for it overall. I did enjoy Clearwater Beach where I saw sea manatees while there. I've worked in Orlando and Jax I don't like those cities either. I did like your mention of Naples, Coral Gables and Coconut Grove.
    4
  22391. Your content is very good and relevant. Even though we are neighbors, I still learn things about the area we live in especially the real estate market. Keep on growing!
    4
  22392. It's not worth it to sue in NYS, with credit card debt. Because NYS doesn't allow garnishment for credit cards, or cable bills, garbage removal etc. Only child support, taxes, student loans etc.
    4
  22393. Love how you ambushed us with that gold ad with flashing color...but no dancing girls????What Up?
    4
  22394. Any advice for me and my husband as a first time home buyer in the greater Portland, OR area? We really want to move from our current place.
    4
  22395. When I was growing up the park was free and the toll was cheap.
    4
  22396. What a beautiful island.
    4
  22397. I wish i could give this video 1000 thumbs up... 10/10 Michael
    4
  22398. It can be done. Especially depending on your cost of living expenses, the cost of the property and how much you have saved up. I think if you saved up and realistically factored in ALL costs (and again, saved that up) plus if you have minimal to no debt, no students loans, car paid off, you’re not driving a fancy car or you don’t drive at all, probably single or a couple with no kids, aren’t spending like Jeff Bezos, definitely can be done. I’ve seen people do it for way more than these housing prices back home up North on a similar salary, and the taxes are way higher up there. Just be prepared to live a frugal life and like you said be flexible, lol.
    4
  22399. No way would I pay that kind of money for such an oddly snd awkwardly designed condo (townhome). Too small and overlooking the street. I’d rather have an older, fixer-upper single family dwelling. This price point is like the lower end price of a San Francisco townhome, which I would much rather have! Love a Miami, but I’d rather live a little further from the beach to get a house.
    4
  22400. Game over man! Game over!
    4
  22401. A FIXER CAME UP FOR SALE YESTERDAY & I MESSAGED SOME SPECIFIC QUESTIONS. WHAT I GOT BACK WAS A QUESTION TO GO LOOK AT IT. SHE DIDNT READ MY COMMENTS SO I REPLIED. GOT A REPLY BACK TODAY, DIDNT ANSWER MY 2ND QUESTION & SAID SHE ISNT THE LISTING AGENT. WHY IS SHE FIELDING EMAILS & ISNT COMPETENT TO ANSWER IF THERE IS GAS?
    4
  22402. Lots of problems with no end in sight.
    4
  22403. 11k views in 2 hours !!!! Niceee !
    4
  22404. Thanks!
    4
  22405. More regulations and taxes NEVER help anything.
    4
  22406. You’re hot the rest of the nation is freezing our asses off
    4
  22407. What is the us CBDC? A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC.Sep 16, 2022. CBDC is not crypto currency as they would be controlled by a central bank, where as Cryptocurrency is not. CBDC is a way for the US government to control your money and you.
    4
  22408. Wow you have over 7000 now! Congrats! Thanks for the advice about Key Biscayne and this advice as well! My hubby just watched and said these videos are so helpful! Thanks for the great advice about getting the air B and B!! My hubby and I are in our fifties. But most people think we are in our 30's. Thanks for the encouragement!
    4
  22409. I loved this video. So artistic and beautiful and different !😅
    4
  22410. The Bros always awesome. Favs!👌
    4
  22411. People who make a high salary are not gonna live in some studio/one bedroom apartment crap boxwith no amenities and no washer and dryer. Not gonna happen.
    4
  22412. What a great channel you are building! I can't tell you how much I enjoy it!! I think you will have 250K subscribers in the next year!!! I really hope you do!!!! I always hit the like button!!!!!
    4
  22413. Enjoying all your vids Michael. Started watching you couple years ago around time you were doing real estate road trips. In meantime husband and I relocated from south Oregon to Indian River County FL area....we are retired age, love this area but frustrating being on side lines waiting to buy an affordable last house.
    4
  22414. Could this home for over 2M just saying, it looks as if its staged. Juts the planter on the ottoman and the way the blanket is set on the furniture. For over 2M the real estate agent/company probably fixed the place up.
    4
  22415. Hey Michael. Great video again. Also , where do you get those cool looking sleeveless t-shirts ?
    4
  22416. I wouldn't touch a million dollars home The cost to own it are too high property taxes and insurance Instead of buying a million dollars home I would use the fund to buy 2 to 3 entries level home 🏡 and rent it out also get better in return come time to sell The price gain is double Compare to just buying 1 million dollars home the most you gain 10% to 20 % if you lucky
    4
  22417. Do you think that 50% off drop will apply to Florida too or will we continue to be competing with the foreign markets buying it all up?
    4
  22418. 🙀🫣😳
    4
  22419. Do you know if there is free parking at any of the Naple Beaches ?
    4
  22420. Nice views !
    4
  22421. I'm keeping those people in my prayers.
    4
  22422. 6:13 Actually, Michael, they just dropped the asking rent to $4250 a month 🤣 Yeah, no. And you can't pay your rent or grocery bill with scenery or nice weather. Notice that the house was sold in 1981 for $134k. That is about the time my parents bought their second home after we moved. They paid $65k for a home twice that size in Chico CA (100 miles north of Sacramento). Yes, I still miss my home state but no way in hell could I afford it. That house in Chico that my parents used to own? It's for sale, $680k. I do like the renovations done... but dang.
    4
  22423. Your personal life is apart of your credit worthiness. Would you loan money to a guy would has serious martial problems, a girl friend gold digger, and who just recently had a heart attack? The potential for that guy having immediate money problems is very high regardless of his credit worthiness.
    4
  22424. Imagine you have to sell and there's no buyer's, quit the pickle.
    4
  22425. At the begging of your video you mentioned that inflation is at 9% but is probably higher. The true inflation number is based on the individual. My basket of goods is going to look different from someone else's. For example I don't drive to work (or much at all), so gas prices have less of an effect on me.
    4
  22426. I stopped watching the establishment news
    4
  22427. You get a mix of accents. People from up north too.
    4
  22428. Between 1987 and 1992 the real estate prices fell 43% in real terms and 36% nominally in Norway, my home country. So yes, more then 10% is indeed possible.
    4
  22429. I love the green and affordable home in Florida but only one thing disturbing me is hurricanes season
    4
  22430. Inflation bites
    4
  22431. The manipulation is tied to politics ie no politician wants to be holding the bag during a possible market crash so the printing might start back up. That’s also why they are still purchasing MBS.
    4
  22432. Mold kills. It almost killed me! Must be ignorance!
    4
  22433. Great video.
    4
  22434. Great colab
    4
  22435. I would not be surprised when states start to put a stop to Airbnb. Eventually If you have more homelessness than you do people with homes then expect a revolution. You see this in many third world countries. I consider the United States a third world country btw.
    4
  22436. Tell me again why the stock market has to crash in order for the housing market to stabilize?
    4
  22437. The Realtor Assoc. of Sarasota/Manatee came out with new stats two days ago. Single family is up in Sarasota 10% Feb/22-Feb/23; 6.1% YTD.
    4
  22438. id like to have Brian go on a grocery store trip with me
    4
  22439. I over payed for a house in Miami in 2009 and now it's worth 3 times as much. I've had it rented out for the last 10 years, house is paid off.
    4
  22440. michael, very cool hyman roth,s house, the best, ty...
    4
  22441. Between the highest in history student debts and now these markets, millennials and gen Z are really taking the debt bait and could possibly be the poorest generations in history. Best to stay out (or get out) of debt completely
    4
  22442. Yes I’m one
    4
  22443. It's 97° with a feel of 104° here in Jersey without that beach view 😢
    4
  22444. Many Florida builders are still trying to extract that last buck...
    4
  22445. Totally agree this will take time
    4
  22446.  @bahiaproductions125  At least 9 months to a year. The recession will have to be very severe and prolonged to return prices to pre-pandemic levels.
    4
  22447. The price will be dropping by at least 50% in the next 6 months. Maybe more.
    4
  22448. Great video, videos like this are my favorite when you walk and narrate. Thanks Mike.
    4
  22449. Do you rent for immegrantas with no papers ??? Like me if i come to miami and work without papers and i need a place to stay but i pay for my apartment I'm honest about it !! So you can do it or how does it work with immigrants ?? Someone explaine
    4
  22450. I’m not expert but in south Florida u can find what’s call an “efficiency” is basically a garage converted into small studio apartment that people rent for extra income. I don’t think those ask u for papers. Just gotta build a relationship with the landlord. My friend did this to his house and he rents it for $800 cash. So I know it’s out there.
    4
  22451. What about Capital One 360?
    4
  22452. Founded in 1989, SPS is not accredited by the Better Business Bureau (BBB) and has received hundreds of complaints for billing/collection problems and potential FDCPA violations. Check Yelp reviews
    4
  22453. Investors and real-estate agents are so scared they're trying to spread misinformation and hope it works 😉🤣 unfortunately it does work on some
    4
  22454. Do a video on Delray Beach RE and Atlantic Ave.
    4
  22455. My problem with DR Horton is they build a lot of homes nationwide, hiring a lot of contractors with very little quality control. If you know anything about building a home, do a walk thru of one being built, without sheet rock. You will see a lot of questionable craftsmanship. DR Horton homes have a very nice WOW Factor but look up the complaints on their homes.
    4
  22456. So I'll need to work three years to pay a month worth of rent , forget about utilities 😂
    4
  22457. Hey Mike ! Thanks for this one! I am still in Buffalo Ny and have been so hesitant to make the move just because of all of what you just said. It seems like the people are jst packing in down there and with comes more "florida man" situations ! ! lol !!! I 'm not so sure a condo is the way for me to go anymore.
    4
  22458. High interest low prices!
    4
  22459. thank you so much for this video Mike. So on point! I would never buy a condo. Basically like being a renter only you pay your rent in advance for 10 years. From that point on, your monthly expenses may be lower depending on HOA. The restrictions are crazy. Before I would buy a condo, I'd buy land and build a house on it myself. Also, things like 5G Antennas, at least for me, matter. In a condo you are talking about a huge amount of radiation from 5G nowadays with all those units and tenants. Then the whole covid issue. House rules pandemic related etc. no way.
    4
  22460. Totally agree = sunsets on the gulf even better than here in So Cal. We're hoping to make the move soon - somewhere between Dunedin and Cape Coral...
    4
  22461. Long term care is the real issue for boomers. I like the luxury residential assisted living facility model for my own care and the burden and cost isn’t on my children. The late Gene of Phoenix AZ is the RALA education guru that shows you how to establish your own RALF or a cluster of RALFS.
    4
  22462. Too me, living paycheck to paycheck means you don't earn enough to afford to live on your own. These people who are middle and high incomes they can more than afford basic living accommodations unlike the poor. They just choose to buy things they don't need in an attempt to keep up withe Jones.
    4
  22463. Nice review! Always wanted to know your opinion on any beaches near Tampa
    4
  22464. Great video, Michael! I am shocked that Milwaukee is so affordable! I was just putting some old pictures into my photo album of the Milwaukee Art Museum last night, and am looking at something on my desk that I got there. Loved what little time I spent there years ago! Have a friend in Cleveland, too, who loves it there. All good options! Thanks for this important information!
    4
  22465. i do not think the gouvernement..should put there nose on poeple house ..its not ok!...
    4
  22466. Michael Bordenaro thank you so much !!!!!
    4
  22467. That was fun to watch! Thanks! Keep up the great work! Stay safe!
    4
  22468. sometimes - an early warning is the best news you can get !
    4
  22469. I am surprised to see the price of e-bikes is coming down considerably..,. I think this is because they really overpriced them in the last couple of years as I've seen many signs of that. My e-bike I bought a couple of years ago is $380 cheaper now with free shipping.....wow...... This is the only thing I've seen come down
    4
  22470. Your video brings back lot's of memories for me. I grew up in Los Angeles and spent my Summers on the beaches from Redondo to Santa Monica, moved down to Northern San Diego over 30 years ago where we also have great beaches. My life is somewhat opposite of yours where I live in San Diego and travel to Florida (St Augustine) a couple of times a year to visit family. I love both coasts and honestly would have moved to Florida if it wasn't so hot in the Summer. As you know, the cost of living anywhere near the beach in California is insane. I enjoy your channel. Thank you.
    4
  22471. I really appreciate your honesty, and your videos! As a brand new real estate investor, I need a lot of your tips!
    4
  22472. While Michael was talking, an ad for condo on sale appeared on my computer screen! Makes you wonder...
    4
  22473. Great video Michael
    4
  22474. Florid’s population is increasing at a much faster rate than California’s population. You could always look to Arizona as well. I heard that it is a nice state.
    4
  22475. That’s technically not considered St Augustine beach area but from there down to Crescent beach are the most expensive places to live in St Augustine. The farther away from the ocean the lower the prices. There’s actually a small ghetto area about 5 miles the opposite way from where you are filming.
    4
  22476. Spot on Michael. Speaking truth. Fees here mls access $480 yr, board fees $720 yr min. Lender pushing buydowns.
    4
  22477. Seems like a great beach for January.
    4
  22478. A genius is a bull market, so much for the geniuses at Open Door.
    4
  22479. This was Great‼️
    4
  22480. Wow brave brave Mikey that looks cool tho in a way lol
    4
  22481. Love your content, and fully agree on older homes, They've got much more character than the contemporary grey McMansions everyone is building now.
    4
  22482. I live in New York and I want move to Florida but I want to rent a studio apartments under $1000 what places do you recommend me ? Also I want to find a job there as a dental assistant it's good in there ?
    4
  22483. Jokes on you ! I have no hair!
    4
  22484. Do your next video from skid row in LA!
    4
  22485. I pay less than $700 a year for a homeowners policy in pa.
    4
  22486. Thanks for sharing Fans’s concerns about living in Florida...you are such a cool guy...stayed positive to any negative thinking!
    4
  22487. Compare that to the bay area where I live in and homes are still selling quick and are even getting over asking in some counties even with all the the craziness circulating the news
    4
  22488. What the different between Hollywood beach and Miami Beach thks
    4
  22489. Well I live in Hollywood, so hope Michael doesn’t mind me chiming in. I would say a lot is different. Hollywood is quite small. Just 1 road, it tends to attract a retirement demographic, especially snowbirds (people from up north who come down for the winter). The hotels and restaurants are directly on the beach. It’s very family friendly. It has a big boardwalk that goes for a few miles. The beach is really nice and clean. I think if you’re looking for a quiet area or want to retire there it’s good. If you’re looking for a place with more energy, more walkable, for diverse age range, Miami Beach has more to offer. Just my opinion, I live in Hollywood, but I’d like to experience living in Miami Beach.
    4
  22490. i don't think the sea level is rising... i think the land is slowly sinking.
    4
  22491. Michael's father wears the coolest T-shirt! He is a really interesting character! ( more complex than he appears.)
    4
  22492. I Started today by using your link. Better late than never. Thanks
    4
  22493. I live in Palm Bay Florida my neighbor just sold her house to a bank, the property manager came today and he stated banks from Texas are buying houses in Palm Bay and turning them into rentals.
    4
  22494. WOW.
    4
  22495. Sinkholes?! I didn't know that about Florida, very interesting, now I'm thinking twice if moving to Florida is a good idea for me XD. Well if I still do move to FL I'm gonna pray to God a lot to bless my house and never have to deal with sinkholes ever in my life
    4
  22496. Also the bidding wars that I witnessed over these last few years were ridiculous how were people pulling an extra 10 to 20 grand plus out of their butts to bid over already overpriced prices already it kept me away from the low interest rate opportunity bc I could not compete with a bidding war… it really did make me sad I missed out 😢
    4
  22497. Those 16 owners that didn't sell probably will get nothing because the developer already obtained majority ownership and controls the building.
    4
  22498. Redfin jusf announced huge layoffs and end to ibuying!
    4
  22499. Thanks for sharing content on this area! My friend recently stayed in Bonita Springs and really liked it. I recently visited Naples beach as well. Which is right next door. Surprisingly, the area and beach were above and beyond my expectations. I'd definitely go back there again. On the topic of weather differences. It's 37 degrees out. So I'd gladly take the tropics in South Florida right about now..lol
    4
  22500. I can see a rate hike. before any cuts this year.
    4
  22501. Thank you for making this video. You’ve earned my subscription
    4
  22502. Not to mention people who have taken money out of their homes and using them like an ATM
    4
  22503. Michael Bordenaro thank you!! ☺️
    4
  22504. Your video’s have been very helpful in my decision making, much appreciated. I’ve been debating moving to the Tampa area or Miami Beach. The high rise condos would be ideal, but feel that the HOA fee’s are ridiculous and can’t see myself paying $1200 per month in fee’s alone. That being said, I’m loving Coral Gables, prices are a bit on the high side, but totally worth it to me.
    4
  22505. Michael,....another excellent video. One of my main goals in retirement was to be able to get back to the gym 4 to 5 days a week. Before the pandemic/my retirement my girlfriend and I were getting in about 2 to 3 times a week. We are both in great shape,...however,....most people(ourselves included) here in the Baltimore area are just waiting and waiting and waiting for the L.A Fitness and Gold Gyms to open back up. We still walk and do some weight training, but,..... it just isn't getting the job done. When will the gym's re-open and what will be the new normal???
    4
  22506. I read an article from News 7 that said owners of units at Port Royale are required by local laws to cover the cost of temporary housing for the people their units are rented to. The law says “for up to three months, or until the unit is habitable again.
    4
  22507. Excellent review with your mother Michael, you have very caring parents and you are a credit to both of the. Best Regards.
    4
  22508. Thanks
    4
  22509. On my way to buy my dream Brickell Condo
    4
  22510.  @MichaelBordenaro  Yes, she was a great person. True professional, leader and go getter…greatest boss I ever had who believed in me and forced me to put my best foot forward! My career flourished after working for her. And as a friend, she was so fun to party and have fun with. 😁
    4
  22511. We're hoping to buy a house in North Miami in June of this year but I don't know, I was hoping to see more of a shift but it seems like the "price cuts" have kind of plateaued after getting a little bit of a cut and that's it. Just some homes on the market sitting there but besides that, doesn't seem like costs will go down.
    4
  22512. so happy to see Juno Beach on your list! best wishes from jupiter 🏖
    4
  22513.  @MichaelBordenaro  Thank you so much. Watching your channel makes me feel like I’m listening to a friend. Blessings 💝
    4
  22514. Hi How about top 10 cheapest in south beach?
    4
  22515. For sure we are already in recession; sad to hear credit card stats😢 but On a Positive side; you have gorgeous views to enjoy on your videos 🥰
    4
  22516. Spot-on analysis, Michael.....Now more than ever..." Patience is Genius"....Great Livestream....Thank you..
    4
  22517. With banks playing the casino with people's retirement money ( look at the UK) and the ever looming threat of SS drying up, maybe it's time people kept their retirement money under the mattress.
    4
  22518. That is quite a video quality 👌 Great camera man.
    4
  22519. Dude you are SPOT ON with everything you said! I can't wait to enjoy daily long walks and social connection down there, Miami Beach is the best place for that
    4
  22520. Hi Michael, thank you again for a brilliant video. You gonna hate me for this question …😊 we are young family (2 kids in primary school) and would like to move near Miami but not TO Miami and therefore the places we are looking are Hollywood, Pompano beach, Deerfiled beach, Boca Raton and Delray beach (and West Palm Beach but might be too far from Miami? and we can get less for our money) Which area do you think would be the safest / best for a young family that looking to buy a house with swimming pool & garden near good schools (budget around 500-600K) (and not an apartment and we are not crazy about gated community)? By all means, if this question is way too general, then don’t worry about it…thank you !
    4
  22521. Another common I'd like to add is Florida is a beautiful tropical climate and a lot of people have the living by the beach whole palm tree thing and it's going to be attractive to people so naturally this is going to be a place that are going to track people to want to move here and people don't like you need to get over it
    4
  22522. I love that this list is from your personal perspective. I bought a single family home in Venice (moved here for freedom). I love a lot about Venice except the red tides and age of the homes. For the same amount of space homes are more affordable in Venice than in say Sarasota, Naples or Boynton Beach but the aging of homes throughout Florida bothers me, yet I don’t want to move into an HOA community. All that was left to consider was a lot for new construction. The most desirable locations are over the top in price for a lot. So now I’m actually considering Port Charlotte, it is not the location I dreamed of but it seems if we don’t get a lot now the best lots in Florida will be totally gone. I still want to see the east coast but from the MLS’s I’ve seen, the nice and affordable picken’s seem even slimmer there. If it were just me, I’d find a small place, or a small lot further South but my husband doesn’t like the heat so we have pretty much chosen a lot on a block with other new homes and lots so it can never be an old space. I sure would love to find a .4 or .5 acre closer to a beach. I guess it’s the price of freedom.
    4
  22523. I hope you get your dream of living in California. Before you know it, another 13 years pass and you are still stuck in hot Florida.
    4
  22524. I like seeing the west coast and in that price range Not excited to pay HOA'S.
    4
  22525. Just rent a house and save up for you own. Done
    4
  22526. Love the video! Thanks for answering my question! Format is great too, right to the point! Really tempting me to north beach. I see lots of places but many don’t have parking in the building. How hard is it find street parking in north beach?
    4
  22527. Only politicians got 25% raise on our expanse! They called Elon Musk a free loader 😂 there’s no bigger free loaders them politicians!
    4
  22528. Michael I think you're probably a little too young remember layaway. My mother worked at Woolworths in fort Myers. She did layaway from 1970s and 1980s. I know you know what this means but this is for your viewers . It means they put away the product you want in the back room, then when you make all of the payment installments that you agreed upon, then you get the product in your hands. It's that simple. Most people in the United States back in the 70s did not have credit cards and that is a fact, if you had a credit card back in the 70's you were upper-middle-class at minimum😊 ...
    4
  22529. I've been up and down the Florida East coast. Haven't seen as many large buildings that close to the ocean like Miami Beach where these buildings are close to 40 years old. Without the dredging they do in Surfside, the water line would be where that pool is. There's no way saltwater hasn't eaten away at the foundation. Even the pumps by the bay can't keep all the saltwater out when we have storms. .You can see salt residue on the streets If that twin building North tower has similar damage, even worse any other building of that age that close to the water line, then this can happen to any building. imagine the devastation in Sunny Isles, if we just had a small shift. Monstrosity high rises sitting on soft shifting sand.
    4
  22530. The best chance to sell was 2 months back
    4
  22531. Unless you are simply marketing to people looking for "a nice place to die", most people have kids. Not once did you mention schools. Perhaps a "good subject" for a future video....
    4
  22532. at about 1:15 or so, you pronounced worchester incorrectly as I am from New England and know it all heh. Its pronounced "wus-ta". Kinda crazy.....
    4
  22533. Thanks for making these videos.
    4
  22534. That's the 3 2 1?
    4
  22535. Childcare here in DC will run you between 1600-2000 a month. I have a friend who is gonna suck it hi and move back in with her parents and a friend who is getting a roommate. It’s rough out here Michael!
    4
  22536. With the insurance issue in Florida happening, what would you recommend doing considering housing. Rent?
    4
  22537. If people don’t have any disposable income they ain’t gonna be buying arts and crafts.
    4
  22538. Can't wait to see what the Fed will do with the MBS after the election.
    4
  22539. After FOMO it's gonna get stagnant
    4
  22540. Howdy Just found your channel. Great information! I subscribed ✔️ Cheers everyone from western Canada
    4
  22541. I love to see new places.. but l hate getting there… to me vacation is over-rated…flying is a nightmare these days; not knowing where to stay from day to day.. it’s, in total, a huge hassle.. you’ve highlighted all the important points.. l definitely see vacation as “ doing nothing “ rather than packing thousands of activities into a few days or weeks..my best vacation is being home, not working, doing exactly as l darn well please…😁
    4
  22542. Well, you know what I would say. Excellent, Michael. Happy New Year to you and Lisi. Looking forward to everything you do. I love it.
    4
  22543. Happy New Year!!!🎈🎊🙏
    4
  22544. I just don’t understand people who can’t see the real handwriting on the wall…
    4
  22545. Great video! I'd have to agree. I've lived in a place like this my whole life. Wauwatosa,WI will always have a special place in my heart! So excited to make new memories and adventures in Florida!!!!
    4
  22546. Happy Birthday dude! Thanks for bringing the cool Florida vibes...rock on
    4
  22547. Folks the bottom is when most of u guys don't want to buy ... That's how any mkt bottoms
    4
  22548. i love those sidewalks (nonexistent) that you can take to the beach at the beginning lol
    4
  22549. When the government comes to the rescue! Already if you have children your children and grandchildren have to pay the tab!!
    4
  22550. Oh man i wish I was there now. I need that
    4
  22551. Thank you for your review and much appreciation for remembering the pet friendly thing. It looks nice :) I've only Ben to Hollywood beach
    4
  22552. So, do we want prices to go down to make housing more affordable, or do we want prices to stay high so there's no crash? We can't have it both ways. In the end, this does not feel like a 2008 scenario to me. Also, are the houses hitting the market of comparable sizes and quality now as those median sold homes of 6 months ago. There are lots of variables to consider.
    4
  22553. Good idea....keep growing the beard through the holidays
    4
  22554. Give them the business, Michael!
    4
  22555. The 401k was created with the assumption your mortgage would be paid of and the equity in your house could be used to downsize. Nowadays downsizing costs more like a lateral move. Lot of older folks are stuck in their homes with the high cost of operation. When the Boomers die off en masse this will be another factor to increase the supply….hopefully the big firms won’t gobble those up, giving the State a convenient way to paper over any meltdown.
    4
  22556. Hi Michael..A neighbor of mine’s mom got tricked into a pick a payment refi and like you mentioned used it as a atm to fuel her gambling addiction. His late dad had it paid off. The bank wouldn’t let them catch up any payments in arrears so they lost it. It’s in San Francisco so you can imagine how much its worth. Sad but true story.
    4
  22557. What do you think about Tarpon Springs?
    4
  22558. Very interesting, informative video! Thank you
    4
  22559. Awesome drive loved it... keep them coming Michael... appreciate it..👍😀😀🌞
    4
  22560. I think Air BnBs shouldn't be allowed in residential neighborhoods. People go to work every day so making noise when one is trying to sleep is no bueno, the elderly can't stand commotion, and nobody wants transients traipsing through.
    4
  22561. Well 1980 was not a housing crash so I also see a lot of similarities
    4
  22562. Love this video. Thank you! It looks beautiful and I would love living there for the R&R.
    4
  22563. Mortgage rates have gone up by more than 1% ,and the FED has not even started increasing its rates.
    4
  22564. I think your advice on marriage and home ownership is spot on. Get the house first. Get yourself financially set first then put money away for a nice marriage, if there is such a thing. (been divorced twice I'm a little jaded)
    4
  22565. First
    4
  22566. My son rents a 700 sq ft apt in Palm Bay , Florida near the space coast. Atlantic ocean 10 minutes away, He pays $850.00 i bedroom 1 bath
    4
  22567. If Florida gets too many people moving there over time and a future liberal takeover with high taxes, high unemployment and high crime, do you think many people in FL would move out in a mass exodus like they’re doing now from CA and NY? Thanks. 👌🏻
    4
  22568. Michael, if you gave me a house I still couldn't afford it. I couldn't afford to maintain it, the insurance in the taxes. I like to call those 3 things my three layer cake. Three-layer cakes are expensive, lol 😀.
    4
  22569. I couldn't tell from the glare. What was the water critter? (17:49)
    4
  22570. Very interesting video. You live in amazing area on arguably the nicest beach in the country. It's kind of hard to top that routine! Now that you're off the road and settled in LA for month, it's time to chill and live it up! Being on the road is a grind and wears you out a little
    4
  22571. OMG the McCrispy was a hilarious way to end the video!
    4
  22572. Congratulations to your sister on her wedding day and to her beloved ❤ Thank you for all the information you bring to us, Michael; it's needed and appreciated! Blessings to your family!!
    4
  22573. Well done, again, Michael. $74,000 decline in the median home price in Miami Beach. Wow. I am very curious to see how the FEDs next rate increase effects this number.
    4
  22574. Hi I’m a single mother of 2 and I’m in California I’m really thinking of moving to Florida but I don’t know how and where I’ve never owned or lived on my own I was always with my parents but now I’m trying to be on my own and start new not gonna lie I’m scared because I dnt have no family there and I don’t know anyone but I know it’ll be an adventure for us So any advise plz feel free
    4
  22575. If you don't like heat and extreme humidity don't move here.
    4
  22576. Car prices are actually sinking due to low demand and high interest. These people complaining now actually bought at inflated prices during pandemic. They’re all upside down now.
    4
  22577. 3 town sq with free music every night at all 3 squares
    4
  22578. Miami no bueno. Anywhere else is in Florida is good. Miami is where people move to in Florida where they think that’s where you should move to in Florida. NOOOOOP LOL. Welcome🤙🏼been living here for 33 years. Indian Rocks Beach, Clearwater
    4
  22579. We have had a second home in st augustine for 10 years. Gated community with low hoa fees, 10 min from the beach and 20 min from downtown. We love it, but it has changed. Too many people moving here. Traffic is horrendous now. They are building constantly. I do miss having a house with ground. I kind of agree with you about that. But it is nice having a pool and having all the grounds taken care of. Our main house is philly which we would love to sell and move permanently to Florida. My parents live around the corner from us and we take care of them. My mom won't move. I'm curious to hear where you decide to move to.
    4
  22580. Thanks Michael, great info for us snowbirds looking for 3-6 month rentals. I will use Zillow and read the discription for detailed info.
    4
  22581. Hello Michael, Hope you are doing well. May I ask what website you were using to do your research? I'm hoping to get out of California and get to Florida as soon as I can. I would love to be able to have some understanding of what rent in central Florida is like, Polk county: Lake Wales, Lakeland, Winterhaven. Still praying for you my friend. Never forget the Jesus loves you! John 3:16
    4
  22582. Positive or negative, all I want is accurate numbers. I know that’s asking the impossible from the government but man if it isn’t hard to find reliable data to check course. Decided to pull out of the market while it’s up to take profits, even if I miss the most optimal time. I can’t reconcile how the job market could be so brutal yet the market is hitting records. Something has to give, doesn’t it?
    4
  22583. Keep up the great work!!
    4
  22584. I am from Tampa and live in Auburndale now , I am 3min off of i-4 which is 1hr from Tampa and 1hr from Orlando love it here ,but every since i went to the Keys i want to move there...
    4
  22585. How much does Michael spend a month in hair gel? :face-green-smiling:
    4
  22586. Thanks for your informations.
    4
  22587. MB, u, sir r spot on! U know and understand so much at a young age (now that’s the way to protect oneself——‘Knowledge’).
    4
  22588. Your walking tour videos are my favorite videos. Property tours are my second favorite.
    4
  22589. Looking forward to those videos!! Still trying to figure out where to move to. Appreciate your hard work! :)
    4
  22590. Wages are up 5.1% nationwide. Unemployment rate is only 3.7%. 261,000 new jobs added this month. Fed rate to go up.5% this month. All this is supposed to convince me to spend more? or spend less? I'm confused
    4
  22591. Jobs in MIami are hard to get. There is lots of competition. Speaking Spanish is almost always a requirement. It's funny because 90% of Spanish people there do speak english. They will speak to you in Spanish when you walk in the stores, but if you ask them if they speak english they will. They are usually very nice. Alot of case manager jobs requre master's degrees. I couldn't find work so I had to leave after awhile. It is a beautiful place though. You have roaster's, chicken's and ducks walking around. Not to mention white crane like birds by the lake areas. You can even see frogs and iguanas walking around grass in some areas. There have been building more and more complexes for housing unfortunately as that undermines the house's that make the place look so picturisque. The buildings by the beaches have become so very tall like skyscrappers. So I love the charm but not all the ongoing new city touches, It keeps getting more and more populated as well. So traffic has become a big issue getting to and from a place. Cops are serious there about traffice violations and are always on the look out. I loved the scernary there and miss it.
    4
  22592. Great job, Michael. Excellent video! I heard a caller give you a shout out on Sachs realty on their Tuesday night live stream.
    4
  22593. Ok so here's the deal..i hear people say we had interest rates at 18% percent in the 80s but in the 80s houses didnt cost 4 or 5 hundred thousand dollars its not the same game...
    4
  22594. Just curious not that I'm looking to move to south Florida anytime soon but are there even any "affordable" safe neighborhoods in the Miami area anymore?? I was looking around a few years ago for a primary house and couldn't find anything "decent" under 300k and it seems to still be that way. Also what's your thoughts on an AirBnB investment property?
    4
  22595. I always love the little nuggets of information you provide. I was going to try and buy a place and was having fomo, but watching your videos has made me realize to be patient.
    4
  22596. 15:30. Holy crap that’s a big boat
    4
  22597. That guy was a legend in his own mind.. what were his property taxes on 4.6 million? Good god man
    4
  22598. I am learning so much from you. Thank you.
    4
  22599. I own a condo and I love it... they're not too crazy will the rules that they set but I have a friend who lives a few blocks away from me who owns a house in a HOA and the rules are crazy and the board members get away with ignoring their own rules.
    4
  22600. Even if the market crashes and prices go down by 30%, it will still recover in a couple of years and reach a new all time high! Congratulations Michael, amazing purchase. I will be going to Miami at the end of April to check properties (I already have relatives there so, not starting from scratch)
    4
  22601. Awesome video Michael
    4
  22602. Look at those hurricane deductibles too! $35000
    4
  22603. Sure need video and also make video on layoffs and impacts
    4
  22604. Hey
    4
  22605. Are One Wheels allowed here?
    4
  22606. Omg.. i new you were gonna say they were pulling equity from thier homes.. why are people sooo foolish?? The only thing i can think of is there are still being lead to believe the housing market is still strong and not seeing the blatantly obvious signs.. i think of all the people i know who just bought home at TOP dollar especially when it is only short term. I agree with you in all aspects of your video.. i did see that home that was listed for rent at 11k, dropped from 12k. Meanwhile our landlord is raising our rent in northern VA almost 20%. We are both landlords and renters and i got to say that from the tenant aspect, it really sucks!
    4
  22607. Tickling 100k Mike...Great job..!!!
    4
  22608. Happy Birthday Mrs. Bordenaro!!!
    4
  22609. Hi Micheal, great video as always, now that I’m here in Florida as resident , I’ll move into my house in Ocala, but I’ve been thinking about a part time job or like you’ve suggested, a side gig , I liked all your ideas and are considering it , I have a lot of those skills in my tool box of knowledge, alit of tools and am retired and still in good health, thanks again for your ideas
    4
  22610. Never been to Daytona Beach... Thanks for taking us along for the ride!!! However, not sure if I could fully relax at this beach knowing that cars are driving on the beach!!! Yikes, never know when a CRAZY person might be out there going ROGUE!!! When I lived in California, we had some fatal accidents where the Lifeguards and/or City Employees accidentally ran over people laying on the beach that they could not see while doing their routine driving rounds... So very, very tragic!!!
    4
  22611. Does the Florida panhandle have a good quality of life?
    4
  22612. Re: EVs….IMO, Hybrids are a better option. I was thinking exactly as you mentioned.
    4
  22613. Government will get more involved and find new and exciting ways to somehow make it worse.
    4
  22614. Open door will end up same way as coworking company🎉😊
    4
  22615. Wow! I just wanted to check this out real quick for a couple before my lunch break is over.
    4
  22616. The stitches and whatever you had removed were not obvious but it’s good that you got it taken care of.
    4
  22617. Moving from NY to Miami in 2 weeks :)
    4
  22618. Thanks! Yes, your videos are very different from the usual realtor and it's appreciated. You have a natural way in front of the camera - great new business opportunity. I am moving to St. Pete in the fall and am struggling with figuring our the neighborhoods and rentals long distance. The reviews are so hot and cold. Would this be something you could assist with?
    4
  22619. All the media and hype I’ve heard has been the housing market would go down, I’ve NEVER heard anyone say the prices would rise, or the rates. We will have another 2008 but worse, more global scale.
    4
  22620. Super great info and everyone needs to always look at previous purchase date. Thanks for the info.
    4
  22621. For the love of money.
    4
  22622.  @MichaelBordenaro  Fair enough. My situation now versus 10 years ago is that I'm now one of those all-cash buyers, but I'll be damned if I bid up the asking price. I was living in California at the time and there was a scandal where all-cash investors were rigging auctions so they didn't bid against one another but the standard offer at that time was asking price +$50k-$100k. The market is so dysfunctional that the only hope any normal person has to get a house is for someone else to lose theirs. I hate that. I need a place to live, but I want everyone to have a place to live.
    4
  22623. thanks for the updates !
    4
  22624. Love your show.!
    4
  22625. This is your calling ...soon you and Lizzi will be pitching a tent, cooking over an open flame and entertaining us on your guitar ...I can't do my hikes anymore, so it was fun to hike along with you guys. Some of those paths were so narrow, I felt like I was falling off the edge. So glad you both had a wonderful time and see you back in Florida 😊😊😊
    4
  22626. Gen X is the forgotten generation. We went thru the 2008 GFC during the time when we typical climb the ladder and make the most money. We lost 10 years that we can never will get back. I believe the Millennial Generation will face a very similar situation with the coming recession. I got a good degree and worked very hard my whole life, hardly ever going on vacation and living well below my income level. But don't have anything really to show for it. I know I will have to work till I die to support our socialist government and all their handouts to buy votes and to make the richer even richer. Definitely looking forward to heaven.
    4
  22627. I have watched this for about a year. And I just learned that I have a 50/50 chance of work transferring me there and I only make $65,000.
    4
  22628. Thanks for being honest! You are a stand-up guy!🌊🌨❄️☃️⛄️Steve from Boston. Florida drivers are worst than NEW YORK NJ and BOSTON!
    4
  22629. Take a break bro is Christmas Eve !!!!
    4
  22630. If you're worried you should be reducing your spending for the holidays. However, we all know how great the average American consumer is with money /sarcasm.
    4
  22631. I see this as an opportunity. I will finally be able to buy a boat to live on in the slip I want and maybe a winter cabin and summer cabin in different countries and ill be good. This is an economic re leveling which will get the best of you if not careful, or could make you a big fish in a shrinking pond.
    4
  22632. Hi! Just wondering, I’m a flight attendant and if I decide to live in FL and out of the blue I know that they might request me to live in another state maybe after living in FL 4 yrs from now which could you suggest me to pick buy or rent? I rather own because at least if I had to sell my place (due job requiring me to move to another state) at least I could gain and take some ok money with me while renting you don’t take nothing just maybe your deposit. Thanks 😊
    4
  22633. I can only imagine how you feel living in a high-rise and that was my goal to live in a high-rise when I moved to Florida from Michigan but after seeing that I'm looking at townhouses or even modular homes . My ❤ goes out to all the people that lost loved ones and their families. 🙏🙏🙏🙏
    4
  22634. My suggestion is to check out the many Florida destinations covered by the Tampa Aerial Media channel. He does excellent drone flyovers of cities and whole areas. You could use the many places he spotlights as a cheat sheet to cover any of interested to you from the ground. I don’t think it would be cheating as you’d offer a different perspective and definitely from a different angle (ground versus sky).
    4
  22635. Tampa Aerial Media's content is top-notch. Although a bit different from Michael's channel their content compliments each other well in presenting Florida.
    4
  22636. Some of us are between a rock and real hard place. My lease is up in January, sooo do I sign another lease in 2 months and flush 34k down the toilet for 2023 and then maybe 2024 or buy a house and "maybe" lose that to depreciation?? That's 34 -68k of lost rent I'll never get back. I'm activily looking to buy but my wife and I have a nice income and I won't get myself deeper than 30% of our income towards a mortgage.
    4
  22637. I think I would probably like the walking videos, rather than scooter videos, because you would be going slower, so we wouldn’t miss anything. On a scooter, it might be a little too fast.
    4
  22638. I just watched this video yesterday, that 4 months ago you spent approx $23,000 to buy a Bitcoin, including fees, and when I went on line to see what Bitcoins are worth now, I see it's $55,967.90. That's quite an increase in just 4 months. What about a 'I just bought Bitcoin for $22,000!!" part 2 video?
    4
  22639. Well actually I like both the walking and driving videos all the beautiful flowers with the walking and the beautiful buildings and tall Palm Trees and not to mention the homes also with the walking and driving👍👏
    4
  22640. Hi Mike! What’s your opinion of Cape Coral? Decent? What about hurricanes in that area? Thank you!
    4
  22641. I've been eyeing the Tampa area for a while and I definitely noticed the prices keep creeping up.. like way up. I hope we can find somewhere to rent when we move in a few weeks 😵
    4
  22642. I would say there is a big difference for people who have a low interest rate, affordable mortgage and have a lot of equity in a home versus people who may rent the rest of their lives.
    4
  22643. Almost 20K followers! Help the man out if you aren't subscribed!
    4
  22644. I love your content man!! Many thanks 🙏 But Here in Dallas metro is still crazy, low inventory and high prices.
    4
  22645. @Michael Bordenaro  Will do 👍
    4
  22646. Hey Michael, do you have any insights on the Conway / Little River South Carolina area for retirement ? We are looking to relocate from New Jersey in the spring of 2024 . Currently retired with no mortgage or other debt. Thanks , love your channel .
    4
  22647. No AI for me. That's when I will move on to another pass time.
    4
  22648. Your background is so ugly. Look at all that snow
    4
  22649. Michael’s Fantastic Finds🏖🏘
    4
  22650. All depends on where you live. Some areas will weather the storm better than others
    4
  22651. I want a doggo... so if I get a condo I need a doggo friendly one.
    4
  22652. ***💯💪💯***
    4
  22653. gj on the wifey +1
    4
  22654. Wait to buy until the rate increases stop.
    4
  22655. Hiiiii!!!🤗Thank you for being so kind!❤️🙏
    4
  22656. If you ever make videos on the West Coast of Florida, could you do a walking tour of Naples, Florida?
    4
  22657. I think I’ll wait until the end of 2023 to move to Florida. At that time, I’ll have a retirement pension and two retirement annuities in place. I’ll definitely need a change of scenery from Maryland and will still be a young guy anyway. Are there lots of union jobs and hospital jobs all over in Florida that pay ok (at least $40k a year starting out) with benefits? 👌🏻
    4
  22658. Tons of people moving to Florida from all the other states doesn't exactly thrill this Floridian. If this keeps up, it'll soon be paradise lost!!!!
    4
  22659. Lizzies background commentary is hilarious 😂
    4
  22660. Another great video
    4
  22661. Yes please to a neighborhood tour of this area. Great video!
    4
  22662. Yes, I am trying to move to another state. We will have money from the sale of our home and willing to pay up to 6 months. I was told no.
    4
  22663. Think of how much money we need to be saving for retirement too. Just to have 3000 a month when you retire you need to save 40,000 a year for 25 years. That’s a million dollars. Most likely we won’t even have SS. That won’t even be enough to live comfortably. It’s really crazy.
    4
  22664. Condos only make sense in areas where there are no single family homes. Like dense urban areas. However if one must buy a condo it’s better to get the one with the most strict and rigorous HOA.....
    4
  22665. Michael while you are out there please let us know if there is stores closed.
    4
  22666. Remember most people sell their homes during the late spring and summer months because they choose to move so not to disturb their kids school year. 🙄
    4
  22667. The cpi actually showed that rents have gone up. I live in nyc and rents always creep up.
    4
  22668. Inventory increasing by much any time soon is unlikely. Houses put on the market by people who have to sell their homes (job transfers, etc.) will continue to cause some houses to go on the market. But sellers wanting to put their homes on the market just to make a great deal of profit will back off because they’re painfully aware that interest rates have nearly doubled in the last few months. At these interest rates, buyers who might buy sellers’ homes can’t afford the high monthly payments and will be forced out of the market. And where are the sellers going to go? Unless they’re moving to a less expensive market/city or want to downsize significantly, they’re going to take their homes off the market, meaning inventory will likely remain low, keeping prices up and going higher, though not at the unusually high increases of the past couple of years. The only thing that looks fairly certain is that the number of of homes actually selling will continue to go down. Because the number of sales is going down, it will be quite difficult for real estate agents to make much of a living. It’s difficult times for buyers and agents, and maybe even for sellers looking for a big-bucks profit. One fortunate thing: the real estate market will even out to a fairer level in 2-3 years. Keep up hope!
    4
  22669. Michael, In Carmel check out "Fisherman's Grotto" on Fisherman's Wharf Monterey. Great food & view (a bit pricey, but everything there is). Don't miss Pebble Beach, Cannery Row, The Monterey Aquarium (Awesome) & Hogs Breath Inn (nice firepit). Also, Casanova Restaurant in Carmel. Pricey, but good food & ask for your own room. Very private. Go on a weekday.
    4
  22670. So in other words, people who lived through the Great Depression had it easier than us. Imagine that.
    4
  22671. Who else is experiencing temperatures under 20 degrees right now🥶
    4
  22672. I went to school with Odetas sister, studied economics. She is a 33 year old girl who loves media attention and being on tv. She is smart but young and not old enough to be able to analyze this properly
    4
  22673. Could you explain Central Bank Digital Currency to your viewers? It seems important to be aware of.
    4
  22674. Congratulations Michael! You’ll get more, great channel man! 🎊🎊🎊
    4
  22675. Happy Easter brother
    4
  22676. Hi Mike. I wanted to make some recommendations for the Panhandle. I highly recommend stopping and checking out SEASIDE, ROSEMARY and ALYS Beach. These are very very quaint and upscale communities. The Truman Show movie was filmed at Seaside, if you are familiar with it. And Rosemary and Alys both have a very European vibe. Rosemary and Alys are also very close to Panama City. Seaside is a little further up to coast going towards Destin.
    4
  22677. Since 2013 the Cuban government no longer prevents Cubans from leaving the country nor arrests them for trying. These boat people are no more escaping Cuba, than Mexicans crossing the desert are escaping Mexico. That being said, the fact they still risk their lives like this, speaks volumes about opportunity here in America.
    4
  22678. On the mark there, i am expecting a >15% additional dip in south florida. Florida always takes a while to adjust, seen that situation several times over the last 40 years. Buying subsidies only exacerbate the problem. Actually just transfer more wealth to the ones that don’t need it. Many other ways to tackle that problem just look abroad.
    4
  22679. Wouldnt recommend 'squatting' in Upper MI. Plenty of swamps...
    4
  22680. I like the first apartment with the indoor and outdoor entrance!! This is basically what I'm looking for in and apartment, nothing hugh-just a small studio!! Thanks for the tour!!
    4
  22681. ALL FEDERAL FUNDED MORTGAGES can be assumed by the buyer IF the buyer qualifies. Novation is something the seller will want to assure themselves occurs after closing.
    4
  22682. Low interest rates have Ruined everything Many made heaps of cash from real estate.
    4
  22683. DESERT GREETINGS MICHAEL 🏜 😎🌴
    4
  22684. It's beautiful
    4
  22685. Clearwater beach, Tampa and St. Pete are basically 1 big city... When I lived in Tampa everyone made it seem like the 3 places are connected
    4
  22686. Your doing a good job, man. Don’t mind the nitpickers. I’ve been watching your channel about a year and a half now.
    4
  22687. Really glad you both had a good time in my former area of residence
    4
  22688. I bailed out of LA the night of the Paradise fires, driving up through fires and burning rolling tumbleweeds in La Canada Flintridge. Redding was ablaze. It was like escaping from Hell. I left Monrovia at 17:30 hours and arrived in Seattle at 18:30 hours the next day. It was 17 degrees when I gassed up the U Haul in Weed. Those fires were extremely nasty and made the eyes and lungs burn. When I was the large loss subrogation and arson SIU with a large insurer, we had 92 houses turn to ash in inland San Diego County in one day. At SoCal prices that is a big hit. It sells well to whack the insurers. There are two sides to every story. I will spare the rant about things that are uninsurable. The evil thing is the requirement of insurance for mortgagees or they will force place it. In reality, the insurers control the banks, so that is a severe conflict of interest.
    4
  22689. Another great video but this one I had to watch twice to get it to sink in! Thank you! 👏🙏🌎
    4
  22690. I think what makes you different is seeing you walk the neighborhood, AND give statistics. Other real estate channels just sit behind a desk. I know its hot here now, but please keep making the walking/talking videos
    4
  22691. No don’t do that, everybody on YouTube should know the drill🤦🏾‍♂️
    4
  22692. Is that the area where the fount blue is located ? Or further up
    4
  22693. Thank you for your great videos Michael. I'm in San Antonio Texas and home property tax went up 26%.. I've been wanting to move back to Miami.. and haven't been able to.
    4
  22694. A lot of these restrictions by companies are because of tax law. Requiring people to come in a few days a week ensures their employees work in the same area as their business license. Reduced pay for full time WFH employees probably makes up for the cost of dealing with multiple tax codes and licensing laws in different jurisdictions.
    4
  22695. Now go out to LA and pay 1.2 MILLION for a 900sf home built in 1954. LOOK up home prices in Santa Monica and Newport Beach.
    4
  22696. Who is this guy? I'm used to seeing sunglasses and tank top lol. I really thought you were a guest host
    4
  22697. If your laid off try the Rail Road, we’re hiring and running on all cylinders
    4
  22698. My best friend is a manager at CVS in MA. He gets awesome bonuses, and gets a great salary. His store is extremely busy. I don’t know how this is possible when the economy is supposedly doing horrible.
    4
  22699. I thought I was going to buy a mobile home due to the lower cost. I have changed my mind. Most of them are old and overpriced plus there's lot rent, not worth it.
    4
  22700. We as americans need to stop making homes and fix what we have, theres plenty of spaces to go already. Heck look at all abandoned malls that got built there all junk. I think we got to big for our pants to fit. meanwhile banks failing now mortgage rates threw the roof Interest rates are ridiculous. If we made interest rates at 1.5 % it would give the newbies a chance to live a good life
    4
  22701. You are a realist and I appreciate the info you give us. TY for the beautiful water shots also.
    4
  22702. Hey Mike... All the realtors in Cape Coral/Ft. Myers claim the popular coastal FL real estate markets will be immune to what will happen in the "Rest of the US" real estate market because of FL waterfront scarcity and FL property popularity in general. Your thoughts?
    4
  22703.  @MichaelBordenaro  BTW, I love your videos!! (but driving on the beach seems a hazard given you could have children and pets running around..)
    4
  22704. As a child, we used to go to Daytona Beach every year & there were cars driving up & down the beach all day. My Dad always loved being able to park on the beach because he could unload the car right on the beach next to the spot they chose. Lol I also remember we were told to watch for cars when we wanted to swim in the ocean. Sheesh. Now as an adult I am not a fan of cars driving on the beach & won’t vacation anywhere near a beach like that.
    4
  22705. Dude this is great information I am trying to move down from Quad cities Iowa side. I know you understand this area too
    4
  22706.  @MichaelBordenaro  if I can just find job there with the pay I have here or close I would go today
    4
  22707. 80.4k you're getting there bro. Man on fire. Great info again. Thx
    4
  22708. Thanks for the video, that's interesting! That police car seems to be as right as possible, unlike that Toyota in front of him. Actually, this traffic is not that bad comparing with my experience in Moscow or those insane videos from China)
    4
  22709. We aren’t getting more hurricanes we’ve always had hurricanes hurricanes have been hitting here since the beginning of time I went through hurricane Andrew 92 when I was eight years old I blew the weather meter off in Coral Gables when the winds hit over 220 miles an hour the problem that we’re having nowadays is there’s just so many more people living in Florida so now when a hurricane comes through The disaster is amplified 100x
    4
  22710. FL traffic vs CA traffic?? I'll take FL in a heartbeat. FL is also cheaper than CA, and has no state tax.
    4
  22711. Great video! So is St. Augustine still your top choice? Was it less windy in St. Augustine? Is the gulf side less windy? I too am looking for an area where it has peace and quiet but I want a place that also has a good, energetic vibe and excellent food choices. The reason I like cities is because there are so many excellent food choices, not bland, touristy food. So please let me know which area has the most relaxed (peace and quiet), energetic (healthy and active) vibe with lots of beauty, no wind and excellent food...Is that asking too much? Can't wait for all those videos to drop!
    4
  22712. Those 7 reason's aren't that serious. I'm still heading south. I love the ocean to much! Nice video bro
    4
  22713. WHO PUT THUMBS DOWN? 😡
    4
  22714. Buying home is a commitments Make sure your job is secure Able to make payment If you lose your job for 6 months or more Your payment shouldn't be more than your current rent Look for property that none HOA Buy home close to work place No more than 15min driving So you save a ton on gas ⛽
    4
  22715. Florida here comes a Chicagoan your way!
    4
  22716. was that METALICA IN 2017 HARD ROCK?
    4
  22717. Gas in metro Detroit is $4.29 gallon. $3.13 gallon sounds terrific!
    4
  22718. What exactly are FoodBoxes?
    4
  22719. Home sales went up month over month in the Tampa Bay Area.
    4
  22720. I just moved to Sarasota last month! I live 15 minutes away from Siesta Key AND I LOVEEEE IT SO MUCH!!!! I love exploring Lido Key, Longboat Key, Bird Key, and Bradenton! I’m going to explore Anna Maria Island when my family comes to visit in December. Maybe I can get them to move down here too. It truly is lovely. I watched your videos from several months ago, when I still lived in Maryland (inbetween Baltimore and Washington D.C.). Mannnn for anyone looking for a good life change, just move to Florida. Also I love our governor ♥️🔥🙌🏼 Ron DeSantis
    4
  22721. I've been thinking about this subject for years. My conclusions are the same. If you run out of water, your real estate is worthless. Dragonflies are great. They eat mosquitoes.
    4
  22722. The house you featured early in the video was obviously bought and renovated by a pair of flippers: The driveway was not repaired and the home was off the market for about five months. Any professional company would have finished the driveway and done the renovation in no more than two months. To put it bluntly, I would never buy a house renovated by amateurs.
    4
  22723. Hi from the left coast. I'm hooked on your videos: I like YOU, the INFORMATION, you go where I may have once walked, so it's thrilling ENTERTAINMENT, it feels like I'm there for the day and I run into you and you get me up to speed in your area of expertise.
    4
  22724. “There’s no recession if you believe it.” - George Costanza
    4
  22725. What does the Michael community think. It's going to cost 7k to fix my truck. Should I fix or buy another one Thanks
    4
  22726. Good content, but damn was that spinning map super annoying (especially if you're trying to figure out where something was in relation to the surrounding area)!!!
    4
  22727. Why not try a temporary house swap first
    4
  22728. Great advice. This is how I decided to move here...stayed in a airbnb for a month bought my work computer with me...and had no intention of moving...until after week 3 I felt I was at home...i started researching pricing and apartments...and realized wayy more amenities then up hear in NYC...found a apt in 2 days through an amazing broker...great tips!! It works
    4
  22729. Thanks for talking about reverse mortgages! I'm confused about 1 thing, if the bank pays you monthly until you sell the house & you're not responsible for any amount due over the market value of the house, how do you "run out of money?" I'm sure I'm missing something & this is probably a dumb question.
    4
  22730. Michael, Your distrust of the government just doesn't make sense because there are some things that government can do that only government can do. Why do high taxes on income work and provide a safety net for its citizens and a much higher quality of life in the Scandinavian countries like Denmark, Finland, Norway, and Sweden? The people living in these countries are very satisfied and happy with their government, economy, and high quality of life.
    4
  22731.  @MichaelBordenaro  thank you
    4
  22732. I live in Cocoa Beach and I love it, but I have to say that Destin is probably the best place to live in my opinion.
    4
  22733. Cool place! Would be cool to have some luxury boat and power boats in the videos IMO.
    4
  22734. Both very pretty buy Florida wins hands down as far a beach just because the water is Warm in Florida
    4
  22735. You are on a roll with the videos! What a beautiful day at the beach! We have about a lot of snow on the ground and dark gray skies here in Beantown. 😩I’m soaking up the sun vicariously through your video! Lol. Fun video.
    4
  22736. Try south Cape Coral aka Cape Coma. Quiet and boring yet close to higher energy places. You'll love it.
    4
  22737. Are we going to get a stimulus check? I'll deal with higher inflation for the next 50 years if I can just get another stimulus check. 😂
    4
  22738. All states are having problems he mentioned especially high insurance & accidents, lol.
    4
  22739. Thanks for those spectacular views of Miami today! Remember Michael, some of us can handle the truth and are not still trapped in the Matrix of a make believe world. Life is not always easy, beautiful, or fair. Sometimes it is grotesque, unfair, and extremely ugly.
    4
  22740. Beautiful scenery
    4
  22741. I moved from L A metro , an asian community 20 minutes away from Los Angeles, to the outskirts farm converting into suburbs in Arizona. I see that FL goes to the 90 degree mark in the summer, but, keep in mind, here in San Tan (an hour out of Phoenix), it goes to 110-114 regularly in the summer, which lasts 6 months.
    4
  22742. Enjoyed this video! I also like it more when you are doing videos outside. Keep up the good work! 👍🏼
    4
  22743. I’ve been in Dunedin since 1975. It’s my forever home.
    4
  22744. anyone remember the term strategic default ?
    4
  22745. St. Augustine is great. Love living here. Since 2019
    4
  22746. The best way for The Fed to lower inflation is the INCREASE SUPPLY. This will take time, if the administration even sees value in getting Americans back to work. This is also why it is important not to export our manufacturing processes and jobs overseas! Increased supply would bring inflation down, because of the volume of goods.
    4
  22747. They bought a big boat anchor....and RE agents possibly giving bad advice and not asking thier client's to cool their jets....they too are open to litigation....going to get very ugly....people pay a RE Agent big bucks to give good sound advice and the realtor should of had the buyer sign near the end that the RE agent advised against waiving home inspection etc ....stuff like this should force the RE agent to decline representing client....
    4
  22748. Totally agree with you, Michael. What the hell is the pleasure having wall to wall humans screaming and tossing all their trash everywhere? This makes me ashamed of my species. Where is the beauty of nature here? What humans are doing to the earth's environment is totally disgusting. I thought you were living in south beach, and when I watched the news of the crazy looking slobs and what they were doing there, I felt sorry for you. I'm glad to know you're in a cleaner and more natural looking area. I'm happy I live in the Sarasota area and hope those stinking crowds of disgusting humans stay away from here.
    4
  22749. I wouldn't wait too long. Its no secret that Florida real estate has been underpriced for decades. If your sitting on the sidelines to buy you may get priced out all together. This market is nothing like 2008 and almost certainly will continue to climb.
    4
  22750. He speaks truth it happened to me
    4
  22751. You can put your bike on the front rack on the metrobus then bike the short distance from the bus stop into the park and ride around the park's bike trails. BTW, many of the trails are shady.
    4
  22752. During mid-Nov. 2021, after paying the property tax on my waterfront FL rental condo, I requested and got an offer from Offerpad for $352K (after the 5% "service fee"). I declined the offer, thinking that I'd list the unit with an agent for $429K, but haven't yet done so. The Zillow estimate has continued to increase (for whatever that's worth), now with a range of $425K - $504K, with a Zestimate of $462K. I suspect that price might be artificially high. Not many recent resales to use as comparisons. Still planning to sell, sometime. Nonetheless, the rent checks keep coming.
    4
  22753. Thanks, but no. Thanks
    4
  22754. The Baby Boomers retirement ? Is something I’m looking at being a housing market disruption. The Boomers also have to plan to live in a place that is “aging in place” ready. That’s going to be a growing nationwide concern since allot homes are not designed and built flat. I can see Boomers trying to reposition themselves to live in flat properties that better suit “aging in place” but not many will take on the remodeling of these properties.
    4
  22755. Michael and I lol
    4
  22756.  @MichaelBordenaro  Hahaha. Yeah, I hear you. Now you know one of the reasons why I do like Miami and Ft. Lauderdale, Florida.
    4
  22757. when younger people ask what they should do for a sable income, I tell them learn how to install/service hvac systems. Get certified and you will have work for the rest of your life. As a robotics engineer I can tell you with certainty, that won't be automated anytime soon. It's going to be a very long time until we have robots advanced enough to go into people's homes and service legacy hvac systems.
    4
  22758. Jupiter is a very nice place t lived! People r friendly in that area!
    4
  22759. Yes, there are others...My favorites are Sanibel & Captiva, which is off the coast of Fort Meyers. Absolutely gorgeous
    4
  22760. Dang it, he missed lakeland. Everyone misses lakeland.
    4
  22761. Was interested in The Villages, until the recent sink hole incident at the golf course. Are sink holes avoidable in Florida? [or is the crumbly limestone bedrock everywhere??]
    4
  22762. Been at that beach. Love that area. So awesome you visiting your grandad
    4
  22763. I love you channel Mike over watching it for the past month now I found it by accident I am 56 years old I probably have at least 10 years over you maybe 15 years and my mom used to work at Woolworths they don't exist anymore I think they have one store left and icon store they leave in New York City somewhere but I remember as a kid back in the '70s very few people had credit cards I'm back then they didn't swipe their card they used carbon copy machine and they just ran it through mechanically and they look up your number to make sure it was on a list of a bad credit cards or they call the number on the credit card which a lot of them didn't even have numbers on the credit card anyway but layaway like you said is the thing of the past that means you take a product that's on sale you take it with you then you go to the layaway department and you hand it to the clerk they get all your information down and every week you pay them until you pay it off then they give you the product you don't walk out that minute with it that's the layaway is . A cat people restraint instead of going on while studies freezer their credit cards and they know deep down in their mind and not be able to pay it off when they make that purchase I've been there before I filed bankruptcy before my credit score now is over 869 now. I didn't get there by accident it took hard work and restraint and a lot of just doing without.
    4
  22764. I hope miami prices crash over 50%
    4
  22765. They rent because they are broke, not because they don't want to own something.
    4
  22766. I have never given a thumbs up on youtube before but I will here. And I will subscribe to this channel. As a realtor, I totally agree with what he is saying. I will copy and paste what I wrote on realestate (to follow)
    4
  22767. You have an amazing channel. I’m so happy that I’ve been following a long for a while now. I’ve definitely learned a lot about what I’m getting myself into before moving down there. I’m just afraid that when I can finally afford a down payment that things will be super expensive.
    4
  22768. 12:20 Answer: those who need to sell will sell. Interest rates not coming down folks ... much less to 5% ... thats realtor wishful thinking
    4
  22769. And 2/2 too for 7k per month...insane. they better have a great boat lift back there. You should have shown the purchase price then we see if owner is bonkers or really do need to get 7k per mo
    4
  22770. There are better places to live than Daytona . Wait for the crash than have your pick hahah. Enjoying your vids, thx!
    4
  22771. Ok I tried to edit my typos did not happen ☺️ 💝
    4
  22772. HI FROM THE UK , MICHAEL ..AS YOU MAY KNOW 'FROM PAST CONVERSATIONS WEVE HAD . May i Say 'i THINK YOUR A Very Honest Gentleman with FAIR Calculations . i hope by now viewers ' whom are looking to buy/or SELL are learning from your UNBIASED GUIDANCE ...IN THE FUTURE THE Market NEEDS More AGENTS Like you . DEREK
    4
  22773. Michael Bordenaro awesome. Thank you for your videos. I’m relocating to south Florida this summer, and your videos have been very informative. It has answered the majority of my questions and worries.
    4
  22774. 😂 I was just gonna say that you become a tenant to the bank And that's just stupid putting yourself into debt because of christmas
    4
  22775.  @MichaelBordenaro  Yes, I hear you for this property for an investment! Again thank you for showing good looking properties.
    4
  22776. Those poor millionaires have to move to Calabasas now? Seriously, let's start a Go Fund Me for them immediately. 😂😂😂
    4
  22777. Another good video combining content we have seen with an idea towards where to visit in Florida. These videos really take me out of the working mode and into vacation mode. I'll be in Miami next month for the F1 race and will be driving to Savannah Ga. for a conference. Kind of a tight schedule but I'll try to stop in at least one of the places you stopped last year going up from Miami. That place where you got the burgers going up will likely have us stopping there.
    4
  22778. Oof 2020. This year i planned to visit to see how it was. Then go again with my family for them to see how it is. Then my boyfriend planned to visit for christmas. Then next year we would get a k1/k2 visa... This is SO ANNOYING!
    4
  22779. Packed up and left in 2016. In fact all my family are gone. Just one cousin remains. Seven generations had lived in California since 1870. Sad. Way before CA was CA
    4
  22780. That was our cold spell! I was wearing a hoodie that week. In California, the ocean water never gets that warm. We are spoiled. Also, you need to get a drone for videos like this one.
    4
  22781. That's because it was
    4
  22782. We’ll said my friend. The stock market is the source of down payment/cash “supply” last recession the demand went out the window and banks stopped lending to qualified people. Once there’s negative equity and cheaper rents the home owner dreams make less since. Sacramento is already having a “rapid” rent decrease due to evictions. 👀
    4
  22783. Maybe all debt will be erased, not because they want to but because they have to.
    4
  22784. Good point
    4
  22785. If you can't afford property taxes you need to look at your life. Because you can't even afford rent.
    4
  22786. In the early to mid 1990's interest rates were at 7.3%! People didn't flinch; it was normal. What gives? Price of homes much higher today than it was then; also people are much more indebted than they were then based on the current economic situation and artificial inflating of the economy.
    4
  22787. Hey Michael how do we contact you?
    4
  22788. There is no way the avg wage is $32 an hour.
    4
  22789. Good job Michael! Thanks for all the effort on these video's.
    4
  22790. Zero Trust in Media.
    4
  22791. A check requires the approval of both banks and leaves more of a paper trail than most other means of transaction. So I don't believe this story they are telling. Maybe banks that are concerned could just include the last 6 digits of the bank account number and leave it up to the receiving bank to confirm the rest.
    4
  22792. Loved this video, liked the walk on the beach it wasn’t to dark at all.sunset was nice . Keep up the good work you’re great.
    4
  22793.  @MichaelBordenaro  I agree. 👍🏻
    4
  22794. Condos will be popular, especially in places like Orlando and Miami where young people want the nightlife and affordability of somewhat of home ownership.
    4
  22795. And the thing is that by them putting out the narrative that all is good and that there is no recession therefore making people spend, that is just going to make the FED tighten up even more because they see people still spending.. The FED also wants to "soften" the labor market, but the thing is, a lot of people need to get 2 or 3 jobs just to make ends meet, so on paper it looks like the labor market is strong, it's a vicious circle of problems and something has to break, and it will
    4
  22796. WOW 😮❗️ Just like the BIGGEST CREDIT CARD IN YOUR LIFE!! That’s sickening. I feel so bad for the first time home buyer’s. Keep sharing the awesome information. Thank you Michael. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  22797. Why would anyone pay 8K a month to rent a simple house like that? For what possible reason would anyone pay that kind of money?
    4
  22798. Wouldn't our country be a better place if those who had property and needed income would be allowed to rent land to those who need a place to park their tiny homes....Just don't get it...
    4
  22799. I think prices will continue to increase as well. If Covid couldnt sink the economy I dont see anything causing it to crumble. The types of people FL attracts wont be effected by a bad economy. There's always people wanting to move to FL.
    4
  22800. These houses that you showed will be wiped out within a second by a Hurrican 5.
    4
  22801.  @MichaelBordenaro  Do you know how to start a business in Florida as a foreigner?
    4
  22802. Hi, Can you compose a guitar solo to introduce ur videos? Are there Townhouses, in ur area of Fl? Could you do online showings? Lastly, have a dog to be with you in scenes, people love dogs. All the best Shaun of NYC
    4
  22803. I'm currently buying a condo in South Beach and I keep hearing how the crime rate is low around there. Can you confirm?
    4
  22804. Great video man every American state has its good and bad. One thing I love about Florida is the weather. And Beaches cost of living isn't terrible. More power to u.
    4
  22805. Sheeple still have way too much money
    4
  22806. Michael - you really should mention how much CASH is waiting on the sidelines to scoop these up, the dream the average Joe getting a half off house isn't happening. There's something like 600 billion right NOW waiting.
    4
  22807. WELL, I am seeing rents dropping from $1700 to $850 for a 1br in Ft Lauderdale, Pompano, Hollywood, Pembrook Pines. A happy thing for me moving from St Pete to Broward county later this year. Over 50% are room rentals too but some are 1/1's
    4
  22808. they lose if they bought in the last couple years . These house prices went way out of wack, and thats on the banks and appraisers.
    4
  22809. I’m also trying to consider leaving CA for either Tx or Fl. I just finished visiting both for the past 2 weeks to try and make a decision. I like both!
    4
  22810. Thanks Michael for highlighting in detail the whole process of buying and selling mortgages - the headache, heartache and how to emerge victorious when dealing with experts in the real estate world. You are a legend - be safe out there!
    4
  22811. You are on point with this information ℹ️ Michael ❤
    4
  22812. Yeah but energy and food prices to remain high and as long as the binding ministration keeps printing on money inflation just gonna keep going up until the lowers and energy prices by putting more oil on the market place and allowing more people to drill oil in a lawnmower leases to be approved
    4
  22813.  @MichaelBordenaro  you are correct, three years will mean 1,000 + more per month coming in. Early retirement with ample funds will allow for comfortable living and doing the things I want to do. It has taken sacrifices to get to this point.
    4
  22814. At this moment in time Florida is very hard if you dont have a lot of money. I have been here for thirty years, and everything has gone up a lot. Insurance,food are the most. I dont know how anybody can do it right now. Very high rent, and $9 dollars an hour. I built a biz. and make good money . My mortgage is smalll. I am glad you are pointing out these things, because I feel sorry for the dreamers. No welfare, or help down here so if you go down you go down hard. Just look at the Walmart parking lot in the morning with thirty young couples that cant make it.
    4
  22815. Story time is expensive. You get what you pay for down there. Most live in condos because a free standing home is too much to maintain or expensive. Most I’ve seen have had occupants in there for the last 30-40 years and needs a hefty renovation or update. I just sold a townhome and in an apartment waiting for my hopefully last home down there. Grew up down there so I totally get the vibe and beauty of South Florida. Nothing compares. Your video was good, don’t change a thing. If you want to see how big Miami really is, catch a flight into Miami International at night. It’ll blow your mind.
    4
  22816. Buyers have always paid for their agent as they pay the whole price of the house and the 6% comes out of the proceeds. Just another way to look at it.
    4
  22817. I GOT YOU BEAT. OHIO KEEP MY GF TAX REFUND OF $174 BECAUSE OF A TAX LIEN FROM 1996. 25 YEARS AND SHE HAD NO INCOME IN 1996. HER DECEASED HUSBAND DID. 100 CALLS THEY JUST WEAR YOU OUT
    4
  22818. I appreciate the realism here. Yes, home prices will fall and become more affordable. But that doesn't mean they'll be affordable for everyone. As you said,, a 200k national median home price probably isn't ever coming back. So some will need to earn more or live differently than the standard American lifestyle to make ends meet.
    4
  22819. Thank you so much for your informative video’s Michael. I am still in the market to buy a home within 1-3months here in Oceanside, CA (San Diego County). More affordable homes are starting to become available, but with a 5.625% VA loan, I still want an manageable monthly payment so I am moving out to a rural area in San Diego about 30 mins away from work to get more home at a comfortable range for me. I will also be purchasing a new construction home since I can get a better APR %.
    4
  22820. Ocala, no wonder all the food stamp, Energy assistance stuff is located there lol
    4
  22821. Preach it man. I wish i was in Florida right now. These snow storms are really annoying me. Lol.
    4
  22822. It's freezing cold here in killadelphia
    4
  22823. Yes, yes!!! here and Redondo beach are both so nice. And for me I still like Santa Monica as well😀😀😀😀
    4
  22824. This is the same going further to San Diego. The beach area there is the same.
    4
  22825. Love turning your new videos on while house hunting Clearwater / Largo in another tab. --Moving April 2021! Thanks for the awesome videos.
    4
  22826. 5:24 I know this as Aroeira and btw these berries aren't edible. This plant has some medicinal properties.
    4
  22827. They don't pipe water out west because it doesn't make any money. St. George would have to turn into the planet of Arrakis for that to happen.
    4
  22828. Well, damn! That is one hell of a sweet deal! So happy for the two of you. Savings on real estate commissions aside, the place must need another half-million in upgrades at that price. At least you have the experience required to manage through out process. It will be fun seeing your follow-up videos as you fix the place up! Congratulations!
    4
  22829. Welcome 🙏 to MARIN !!!! Whatever you do avoid San Rafeal because it is a mad max hellscape !!!!
    4
  22830. Wow 🤩 those views are incredible!! Thanks for sharing - this content is really helpful. Would you ever consider covering condos in greater Miami-Dade county like the Gables, South Miami, Dadeland or Pinecrest? (Pretty much south of US1, lol 😂)
    4
  22831. Hey Mike love the channel Bro I'm in California I'm a pilot looking to move to Tampa. You like Tampa?
    4
  22832. Michael, but what if the Big Investors that buy houses like candies to put them for rent takes advantage of those foreclosured homes? these rich have billions in cash!
    4
  22833. Your quick ad turned into an infomercial
    4
  22834. Complicated situation. Thanks for filling us in, Michael. Best wishes to the people affected.
    4
  22835. AirBnB are taxed three times now where i live. Same as the hotels. Further towns have been restricting what properties can be short term rentals.
    4
  22836. I fell in love on vacation and want to make it work but probably would only rent. And apartment living kinda sucks cuz there are pets and kids and stuff bothering you.
    4
  22837. Also, as hedge funds realize the accelerated costs of real estate management, maintenance and rent delinquency, they may start bailing for other opportunities.
    4
  22838. SPOT ON!!!!! Enjoy your channel
    4
  22839. How about a video of the safest areas to stay at while visiting WPB. Best place for tourists to stay for the most activities, without a rental car.
    4
  22840. I'm keeping my 15 year Toyota, runs great, very reliable, best car I've ever owned
    4
  22841. Mike, you are cool. Can I call you a brother? cuz I've been searching for connective inside info...Thank you. What city or cities offer the most access to High End Luxury Foreign Cars? James Knight.
    4
  22842. Is the Seville hotel in Miami, still closed down ? I used to stay there with my parents back in 89-90.
    4
  22843. forsure ready to leave Michigan lol ifyour from you know what i mean. like damn yo.
    4
  22844. On the subject of insurance... I just got a check from my insurance company. Monday I have to find out if they're not going to cover my house anymore. They accepted my payment. Cashed it. But I just got a check for the full amount back. Curiouser and curiouser
    4
  22845. New York is off the charts expensive! If you have a few dollars left at the end of the week , Cuomo will come take it somehow...... He has to go for a start.
    4
  22846. Great advice and information. If you're moving down and all the wheels are set in motion just proceed with caution. You're lucky to have a pool still, they closed every pool up here in palm beach county. PS, I'm a May baby too (31st) Hopefully we'll have something good to celebrate. Stay well!
    4
  22847. Interest rates won’t affect the market in my area. There’s no inventory. What is for sale is way overpriced. With massive pent up demand and cash buyers, it’s destroyed the market. It will be many, many years before this comes back around. Terrible situation in Florida. All of the homes that recently sold won’t sell later because of a massive loss due to prices coming down. If you took out a loan and recently bought, hope you love that house. I can’t see how this works itself out honestly.
    4
  22848. There are still plenty of palm trees
    4
  22849. Enjoy your videos. I got turned onto your channel from the other YouTuber Nick with Venture Consulting. One other group of folks needing to sell are the ones that took out ARM loans. Why would they do that when rates were at historic lows is beyond me. Those were probably the flippers.
    4
  22850. You’ve done tremendous Michael 🤘🏻🤘🏻
    4
  22851. 1st
    4
  22852. Michael, has anyone told you that you look like a GTA character?
    4
  22853.  @MichaelBordenaro  and Lana Del Rey 😄
    4
  22854.  @MichaelBordenaro  that's true about a smaller place for sure.
    4
  22855. A guy with a plan 💯 👍.
    4
  22856. Your videos are very useful and well made, the topics are extremely relevant , no annoying loud music playing during the video like other bloggers do here thanks 😊 you are doing a very good job
    4
  22857. Great video great show. 👍
    4
  22858. In utah one of the highest growth cities I am renting a townhome and the one behind me has been empty 9 months!! They also have many other units that have been empty for many many months. Yet they still raised rents 10%
    4
  22859. I keep getting distracted by the amount of people around you. No wonder I moved away from crowded places, the human zoo… or the life of rat races.
    4
  22860. I love it when you say congratulations Your videos are both informative and entertaining
    4
  22861. Curious about the supply chain issues at IKEA! please let us know after you go. I have to drive a ways to my nearest IKEA
    4
  22862. Great video...as usual.
    4
  22863. Thank you for being honest I am planning to move to Florida good information thank you👍
    4
  22864. Did you see the video of 80 people waiting to look at a home in NC that was listed for under $300k? Crazy market and it's like that here in S. Florida
    4
  22865. Great video Michael. I have lived in the Daytona Beach area for many years and I find your comments to be right on.
    4
  22866. Great vid Mike, you do a great job filming these and talking through them. Makes me feel like I'm back in Miami. But there's nothing like being there in person, and seeing how beautiful it is.
    4
  22867. I think the constant packing & unpacking & rushing to get out of your hotel room before the check-out time & not being able to take your time & sleep in & making it to the Airport in time to make it thru security checks & finally catching your flight & getting your rental car or catching an Uber/Lyft, taxi, subway, Amtrak, etc., etc., etc., that is what gets tiring & stressful... LOL!!! However, when you are doing the adventures & exploring & experiencing new things & creating memories... All the transportation headaches (even just constant pit-stops for gas) & checking in & out of hotels, flights frustrations, when all is said & done.. Overall it is all worth while. However, when your home is already in a vacation land such as Florida, California, Hawaii, etc., etc.,... And you add in all the comforts of home that are already set-up for you to enjoy... Well, there is something to be said about "Home Sweet Home"... The key is to live in a place that you are truly in love with & set-up & decorate your home with everything that you need & desire!!! Cheers!!!
    4
  22868. Looks like there will be a lot more homeless people....
    4
  22869. I'm from Sacramento area (Roseville California) and the San Francisco people have been migrating to Sacramento for 20 years or more, many would Sell for a million plus and buy in Sacramento for $300-$400 And have a lot leftover
    4
  22870. Excellent video!!! I knew about Kelly Stamps & Patrick Bet-David of Valutainment moving to Florida. I have never heard of Ryan Scribner & Bryan Casella, so I will have to check them out.
    4
  22871. Nitin I come from France. Therefore, my opinion will be very hard for you to understand as we pay taxes in order to get a good education and healthcare system... just like the government maintains our roads and all infrastructures so it does not turn to shit like here in the USA. But it’s an other world and an other extreme Id say. There’s a balance between the two extremes. Just my point of view. Nothing to do with “basic human behaviour”. I work full time in the tech industry and also have my own business on the side. I’m pretty well aware of the time and effort to build “success” and therefore make good money... All this to say that I would tend to think that if you pay 400k in taxes, well, from my perspective, it just means you’re doing very well financially.
    4
  22872. I feel the same way about the beach. I want to hear the surf, the birds, the breeze, the tinkling shells as the waves come in. I don't want to hear music, rowdy people etc. You can hear that everywhere else - especially in Miami. ;)
    4
  22873. Renting has to many rules. I feel like a kid with the amount of rules. Also 300 per pet is ridiculous. I want a house so I can have a kid. So I can have my garden so I can raise my own food. Tired of renting and living by someone elses rules
    4
  22874. Thanks for the walking. Very nice.
    4
  22875. I have my home under agreement and plan to move up to New England probable Maine. The darn interest rates keep going up and no lender will let you lock them in until you have an accepted offer on a home.
    4
  22876. Very good video. Perfect explanations. Thank you for all informations
    4
  22877. It was on Saturday, March 20th, Ralphie. 😉
    4
  22878. Looks like a 53 Hudson ?
    4
  22879. they finally clean up the seaweed we had goin
    4
  22880. The hammer has not come down yet, Michael. It will, a little later this year. All RE mkts will decline.
    4
  22881. Great video!
    4
  22882. HAPPY SUNDAY MICHAEL 🏄‍♀️ 😎🌴
    4
  22883. The Dynamic Duo! Great to see you together on a walk and talk video. Many thanks for the great opinions and info.
    4
  22884. Yea!!! Good for you guys! You were finally able to get to your favorite city! I hope you get to move there, if that is your hearts desire! 😊
    4
  22885. Can't remember what a steak tastes like.
    4
  22886. Michael, it's high time you head out to the East Bay. It is way more ethnically and economically diverse in places like BERKELEY and OAKLAND. Don't worry it is relatively safe and there is a thriving cultural scene that Marin County does have too, but to a lesser extent. Marin is great with all the nature, but there is so much else to experience in the region. Just plan ahead for traffic....
    4
  22887. I already has a plan to retired out side the US 🇺🇸 Had a home paid off property Taxes less than $100 per year Food alot cheaper than us 🇺🇸 But if you rent $500 per month 👍🤠
    4
  22888. Michael, I thought you wanted to move to St. Augustine. I always give your videos a 'like' and try to comment ot help the algorithm.
    4
  22889. Real estate stocks are partly to blame. More and more people have been convinced to invest in the market via Robinhood and other easy to use apps for the average wage person who contributes but never really sees a big enough dividend but is in reality subsidizing the top players. These guys are laughing all the way to the bank while people are investing $100 here and there hoping for a win. This is also happening around the world. I agree something has to be done and I don't think it's unpatriotic to see a problem and have the courage to talk about changing it. I don't know what the answer is, maybe put a cap on types of RE investors can buy, or use zoning. Corps have taken over food, medicine and now housing, the 3 basics for survival. Its not sustainable and it's the end stages of out of control capitalism.
    4
  22890. Thank God but homeless going to go somewhere else, ain't gonna solve the issue so Gold and chill
    4
  22891. Great Video As Always Michael.
    4
  22892. That was good, Michael, as I have primarily seen only the historical district, and one jaunt to the beach, on previous trips to St Augustine. Some of those prices for somewhat run-down houses are pretty amazing. All markets have corrections, and St Augustine will, as well. I can find better deals in WPB than what you were showing here. That house where you are staying is quite nice, but not sure of the Ask. You indicated a neighboring house was $550k, which sure seems high. While in Miami, you might want to consider a bread-and-butter house in a safe neighborood, as much of Silicon Valley is going to eventually move to greater Miami, since CA is becoming absurdly over-priced, and terribly run. I knew a teacher couple in Palo Alto that had bought a regular 3 BR 11/2 bath house for around $50k before SV got its real start, and when they retired, they listed their house for $575k, but demand was so high, there was a bidding war, and some young techie bought it for $735k, so they took the money & moved east of Sacto, about an hour from Lake Tahoe, and were set for life. The property taxes had grown higher in Palo Alto, than their original mortgage payments used to be. I have been to Harry's but there are a number of good restaurants, including on St George, the walking street. Flagler College and the Hotel are worth a tour, as Henry Flagler was responsible for Florida's original boom, first in St Augustine, then Orlando, Palm Beach, and places south, with his railroad. Winter Park, north of Orlando has a beautiful original train station he built. That one neighborhood (supposedly, the haunted part), reminds me of some of the neighborhoods in the SC Lowcountry, north of Savannah, Spanish moss and all! Nice driving tour, much of which I had not seen. St Augustine will likely experience less turnover than Miami, but the hot market is driven by low inventory, combined with low interest rates, and high prices for lumber, which makes new construction more expensive.
    4
  22893. Rents will have to rise based on higher mortgage rates. You can't be a new landlord if you can't pay the 8% interest rates. Can't have a positive population growth of 10 million a year without new landlords
    4
  22894. Not as busy during the week. We never go to the beach on weekends especially on holidays. If you enter at the north end of Gulf Way and walk a bit north you might have the beach to yourself.
    4
  22895. Great video Mike a lot of good information,I will rent a beach condo
    4
  22896. You are so correct about not bailing out debt. We learned that we needed to pay any debt we signed for. Can You say government favoritism ? Makes me cringe every time I pay taxes.
    4
  22897. My wife works for a company that builds homes in the Central texas area. 2 years ago, they gave her 10,000 bonus, last year, they gave her 15,000 this has been a blessing to us. Guess how much they just gave her at the smallest Christmas party they've ever had....100$lmfao!!!!!!! Fjb and anybody else who voted blue..
    4
  22898. I can't wait for them to finish the bright line to go to Miami in a couple hours from Orlando. I'm going to be there once a month haha. Hopefully I run into you Michael so you can give a tour 😁
    4
  22899. I think you should’ve mentioned that most balance transfer cards have % fees attached to every dollar in balance you transfer and in most cases a transfer balance transaction fee on top of that for using the card. This will make your transferred debt higher right off the bat. I would suggest looking into a small personal loan from your bank with a low interest rate and a fixed monthly payment and using it to pay off all the credit card debt.
    4
  22900. Thank you so much for keeping us all informed that helps us make good decisions! Love your channel!
    4
  22901. Remember 2008? Things started rolling downhill in 2006 before it rolled of a cliff in 2009.
    4
  22902. Let's all move to mexico 😅😂 then work and send all the money back to our country 😅😂 make America great again 😅😂
    4
  22903. Traders are out of control not stock market ^^
    4
  22904. Nice assessment. Thx
    4
  22905. Do you expect the crash to impact single family homes at a different rate than condos? I will be downsizing from a single family home to a condo. Condo prices seem inflated compared with houses so I am hoping those willdip more than house prices.
    4
  22906. Especially STARVING realtors. Lol
    4
  22907. I may def come this winter.. ❤️ wanted to come to Destin but I’m thinking it’s a tad bit more chilly there to enjoy during the winter. Or is it about the same? Correct me if I’m wrong..
    4
  22908. No umbrella?
    4
  22909. I've been thinking about you for days. Prayers Michael🙏
    4
  22910. Fantastic 😍💋 💝💖♥️❤️
    4
  22911. Lennar is going to make u use their mortgage company to get those deals with no closing costs, so they are making it coming and going. They will resale the mortgage before your first payment.
    4
  22912. For the algorithm.
    4
  22913. These vids are priceless! Rick Steves made a lucrative career out of doing same with European countries. Keep it going. You have AN AUDIENCE! Realestate is everywhere!
    4
  22914. I think 100% sounds better on top of a hudge mark up already if allowed to buy at all. Next topic, there is always one. Let the bad ones go you will get 2 good ones in their place.
    4
  22915. Crash Bros with more Fear Porn
    4
  22916. Check this out about real estate commission I recently put my house up for sale and I was one of the only people that gave out the max 3% commission and literally every real estate agent showed my house and I got amazing amount for it and sold it very quickly. People don’t want to work for free real estate agency 3% commission they show everybody at your house. It’s worth it.
    4
  22917. EXHAUSTING is the exact same word I use regarding ………. the current state of Everything! Really enjoy your videos. I have learned a lot! Thanks 😊
    4
  22918. Lumber prices lowering already, sporatic shortages as post covid production will exist. All a guess.. winters longer colder more brutal. I just got shut out on a new build mortgage owner decided to wait to sell for more
    4
  22919. Great video as always, lots of great info!
    4
  22920. Great video!
    4
  22921. They owe property tax for years
    4
  22922. I lived In Pembroke Pines for almost a decade, sold the house and moved back to Long Island for the family Now I wanted to moved back to Florida but houses are more expensive than Long Island NY now 😞
    4
  22923. a dirty little secret. If a seller were to offer a price that was affordable then it will sell.
    4
  22924. A lot of the things they’re doing with the software is aggregating public information. There’s nothing that can be done to stop it unless malicious intent or harm can be proven in court…that would take half a lifetime.
    4
  22925. Did you pick that little stocking up? I would have. One of my quirks is that I will pick up abandoned things snd put them in a box. I call it my “treasure box.” I feel sad for the item, as if it is a person snd lonely. My son shares that feeling, too. My hubby thinks we are silly.
    4
  22926. Glad to hear you're starting to like the gulf coast. I've had many friends tell me how great the treasure coast was. I've now been to just about every coastal area in Florida and still prefer SWFL. From what I've found, it's cleaner for the most part, the people are friendlier and I personally prefer the beaches. The red tide is obviously a huge drawback but when I was previously in Fort Lauderdale the water had "dangerous currents and marine life" in addition to the seaweed problem so no swimming (not sure how common that is though). Northern Florida would be my favorite but from what I've read about the weather, the summers are just as warm but the winters and shoulder seasons are way colder. They also get about the same amount of rain.
    4
  22927.  @MichaelBordenaro  yeah it stinks (no pun intended) 😬 And thank you, I appreciate it. Looking forward to seeing the rest of your travel vlogs.
    4
  22928. You recall some of my comments on your videos. I’m that multimillionaire who sold his place in Boca and moved to the Philippines back in 2016. I’ve been in the market for 28 years, am a disciple of Buffett and made my millions starting with $2500 in a Fidelity account in 1992. So I know of what I speak. Read the entire following link, especially the parts about the built-in 10-minute transaction time and how difficult it will be for bitcoin to scale as a method of payment. Understand that bitcoin exists today only as a form of very speculative investment. Having said that, I think you could easily see $30k or higher, but that doesn’t imply ‘value,’ only price. bitcoin has no intrinsic value whatsoever. It’s price is based solely on the human psychology of scarcity, cleverly build into the construct by its originator. https://www.coindesk.com/learn/bitcoin-101/what-is-bitcoin
    4
  22929. You made it out of Belvidere and made it good for you
    4
  22930. Enjoy your videos Michael, I’ve been getting up at 5:00am past 20 years, I hate getting up in the dark. Four years to retirement, we’re leaving MN for Florida , can’t wait!
    4
  22931. lol. Everybody want to scam you for trying to own something!! You will own shit and be miserable for it!!
    4
  22932. Florida is a hot spot because of the governor.
    4
  22933. Michael, you are a great person.
    4
  22934. Love the stroll content
    4
  22935. The only difference between today and 2008 was that in 2008, gas prices were substantially higher than they are today when adjusted for inflation. But they WERE high in 2021-2022, I think we are DEFINITELY in recession by now only the official numbers have yet to fully reveal it. It will show as the yield curve uninverts. Comparing grocery prices today versus what I paid back in like 2017 at Aldi, prices are up about 40 per cent i would say, and some of the cheaper store brand snacks have doubled in price..
    4
  22936. I live across the street from the Deauville (and you). I like your vids and all the background information you provide
    4
  22937. Hey Michael, Just curious why did Boynton Beach make your list on this video??? I am asking because I have been living in an Airbnb since July & my next Airbnb will be in Boynton Beach for 2 months to try out the area & surrounding communities to see if it feels like home to me. Just curious, what are the reasons that Boynton Beach made your list over the other cities such as Delray Beach or Boca Raton???
    4
  22938. Very informative. I am still looking forward to moving to Florida.
    4
  22939. This just confirmed all my worst fears, lol... but still considering Florida. I live in Southern California and still waiting for "The Big One"!
    4
  22940. Awesome video! What part of Florida does Lisi really like?😊😊
    4
  22941. Notification gang
    4
  22942. Do you think all that traffic that it was getting was bots ?
    4
  22943. Also if you use FHA financing they CAN tell you that you can't rent it out the first year or two.
    4
  22944. There are no starter homes due to price. If through the prices will come down and there will be plenty of starter homes.
    4
  22945. Rescue package? With what money? “Packages” are inflationary.
    4
  22946. Michael … one quick correction … you called that body of water “the ocean” when in fact it is the Gulf of Mexico. The “ocean” is only found on the East Coast of Florida. Certainly can understand why you called it that living in Miami. 😉. Two of my neighbors just bought/moved up to The Villages. They were all excited about it and raved on and on. Definitely NOT for me! 🤨. I don’t think people who live in The Villages even know the word progressive. Probably highly allergic. 😉😂. Be sure to keep tabs on winter temperatures up in the Panhandle … they get spurts of 40,s, 30s, in the winter and in summer when hurricanes form and travel to Louisiana, the Panhandle is often included in a hurricane watch/warning.
    4
  22947. So, you want to buy a home even when you know it's value is grossly exaggerated? So, you're tired of having money? Fool and his money are soon parted. Financial immaturity and [emotional] impulsivity=sounds like a trust fund brat to me or someone who has forgotten the sacrifices it took to build the "nest egg" long ago. I stopped watching at :30. I need real information re: real estate investments. Peace Out.
    4
  22948. Where do you live? That view is incredible!
    4
  22949. my neighbor's condo (same footprint / sq. ft as mine) has been on the market for about 120 days, originally listed below zillow estimate and has had one $10k price cut.
    4
  22950. Thanks Michael!
    4
  22951. Hey great video! My husband and I (with toddler) are looking to move and buy in Florida from the Washington DC suburbs area. We’re looking into Jupiter area but are still unsure. We love the water, surfing, and would like a single family home in an area with decent schools. I’ve heard the public school systems in Florida aren’t always great. Any insight? Thanks!
    4
  22952. Assume that all Crowdstrike clients sign agreements indemnifying (forgiving) Crowdstrike for any losses if CRWD's software fails. That means everyone has to pursue insurance if they have "security system failed" riders!
    4
  22953. The counter argument you address here is at the extreme. I don't think many people are predicting that the housing market will continue to produce huge double digit YOY increases. However, the sky is also not falling. Most people that bought in 2020 and 2021 are locked in at ridiculously low rates and have seen their home prices increase so significantly that even a pullback wouldn't impact their life. House prices would have to drop 20%+ to match the monthly payments of someone who bought in at a low rate in 2021. Which is highly unlikely and to suggest otherwise is just giving false hope to anyone that missed out that are waiting for another black swan 2008 event to occur.
    4
  22954. Yesss Jai Alai cigar city! Enjoy
    4
  22955. I lived in FL Fortlauderdale, I moved to California for work and I met a girlfriend in CA. My girlfriend is born and raised in Southern California. I am convincing my gf to move to FL but I was not successful so far. The only reason she gives is humidity. Someone please let me know what are the best reasons to convince her.
    4
  22956. Thanks!
    4
  22957. I liked a prices - look in London, apartment in Dollar Bay Place, London E14 - just look how much it costs, and what kind of quality you get for that money (believe me it only looks cool on the picture, literally 500m from it you have crappy buildings (just look at google map). USA is incredible ! The stuff you get for your money in US is insane!!! Especially in Florida...
    4
  22958. 3:58 How do you not know that you don't actually pay the deductible. Jesus this is so basic. If the insurance payout would have been $100K and your deductible is $50K then they just pay you out $50K. You don't actually pay the deductible...
    4
  22959. You’ve EARNED those subscribers Michael (I’m an early one of them) by producing quality content, being authentic, and let’s face it ... the Midwestern attributes we have shine through brilliantly! Looking forward to being part of your growth! I have a strong hunch 25k is right around the corner 👍🏻
    4
  22960. Nice Michael! Love the live music. We were (politely) yelling at the screen when you stopped alongside the market “Take us up there Michael” 🤣🤣. We really enjoyed that. 👍
    4
  22961. Thx for sharing . I always liked visiting Ft.Walton ; Destin area.!
    4
  22962. I do not think the government should step in. They tend to screw things up when involved....lol.
    4
  22963. Oh jeez these homes in Oregon would $300,000 plus.
    4
  22964. I love your walking tours and commentaries!! It’s so peaceful.
    4
  22965. You got It forever... Buganvilla!!!😆
    4
  22966. It's not just in Florida that the sale can fall through; it's happening in The Islands as well.
    4
  22967. 1 BRs at the Continuum are $7,500/month!
    4
  22968. Hola Michael .. i am in Miami... I am truck driver ..single..I have not decide between Tampa Bay area and Jacksonville area..any recommendations...thanks
    4
  22969. Lots of homeless people in California are from other states.
    4
  22970. Ill be relocating from northern nj. I want northern fla but im considering the Savannah area as well. I was told my money will go further there. Your opinion!!
    4
  22971. Gorgeous
    4
  22972. I'm packing now! Ive never been this excited in my life! 305 in my blood!!
    4
  22973. Maybe we can cut taxes by allowing remote work and downsizing big bloated government offices that clearly aren’t necessary and leave only the necessary “in office” staff. Less space. Less overhead. Less taxes. Less commuter traffic.
    4
  22974. I just love walking down through the neighborhoods with you! That neighborhood in particular I just love! The small. MMM’s❤❤❤ and their quirky designs. Even though while you’re walking and giving us all the foreboding news😮😢😬🤣and I agree, I don’t feel sorry for the high earners living paycheck to paycheck. When I retired in January, I wasn’t anticipating costs to literally double, even triple in some cases (eggs $4/dozen😵‍💫) but I’m managing. I want to move but I rely on you to give me insights as to when. Thanks 🙏
    4
  22975. The DOW is back up to 33K! Tis the season to be Jolly at the mall!
    4
  22976. It’s estimated that we’ve gone beyond the 16 million vacant housing units in the U.S., presently there are less than 600k of homeless in our country. We have more than enough housing. There’s no “we just can’t keep up.” There will be more homeless when all of these bubbles pop, but it doesn’t have to be like this. Companies like Blackrock are buying and holding property with the intent to boost revenue by charging exorbitant rates for renters. In a recession/depression no one can afford that, but they don’t care, because shareholders need profits.
    4
  22977. good video great information
    4
  22978. Loved your video and commentary about St Augustine. I totally agree that the real estate there will correct itself. We almost purchased a new construction near World Golf Village but we felt the home was way over priced and not worth the price. In addition the community is in flood zone A. Totally love St Augustine but as you say the homes add way over priced. I think anyone who wants to buy here should realize the high potential of flooding. Something you didn’t mention in your video. Thank you for the tour and I think you will have much success in real estate. ❤️
    4
  22979. We have 1.4 mill cash. I’m telling my husband let’s rent for a year. He thinks it could go up and up. Looking in Boca Raton and you get little fir that cash now. Not sure what to do.
    4
  22980. Lol... anywhere near the water is going to busy.. my favorite part of Florida is Flagler Beach down to Ormond Beach because it's old Florida with no condos on the beach so you can actually see the ocean when you drive along A1A up that way... however.. we love the Gulf and hands down our FAVORITE spot is Fort DeSota... beautiful beautiful park and huge gorgeous beach with TONS of parking..and for $5 it can't be beat❤ Love your videos and thank you for taking us on the journey🇺🇸
    4
  22981. Life is what happens while you are busy making other plans. John Lennon
    4
  22982. We bought land just outside of punta gorda and are planning on building our own small house ,I'm from nc but living in Michigan for now for the money hopefully my southern accent will help me blend in a little more with the locals i vote conservative so hopefully that helps too 😆
    4
  22983. Very well done. So crazy you put this right a week before the pandemic went berzerk in the us
    4
  22984. $28Million, I'll be right down, lol
    4
  22985. For buying in the Bay Area, the time is not even near. It's down 10% from the top already. It needs to go down another 20% to get serious.
    4
  22986. St. Augustine is great, oldest city in North America (first founded city in North America). How do you feel about Key West? I love the Keys.
    4
  22987. Regarding these unreasonable homeowners insurance premium increases, I wonder if there will eventually be a class action lawsuit against these insurance companies for price gouging.
    4
  22988. Wow…big, big changes coming to condo living in Florida. As Michael explained, this will be throughout the whole state. Wow…
    4
  22989. This guy fuxxxxxxxx! 😎🐊 You have very good insights man!
    4
  22990. Lovely tour :)
    4
  22991. New Smyrna Beach is the shark bite capitol of Florida because there is a shark breeding area there near the inlet. However, the St. Augustine Beach area has statistically the lowest shark bite incidents in any area of the Florida coast. If you really want to do some body surfing or spend a lot of time in the water, it is better to go to St. Augustine Beach or some other beach on Anastasia Island like Crescent Beach or Butler Beach. My personal favorite beach in Florida is Butler Beach. I will keep my absolute favorite beach in Florida to myself, because I don't want to draw any more attention to that beach. As a body board surfer, I have been surfing Anastasia Island and Matanzas Inlet for over 27 years. Anastasia Island has my favorite beaches in Florida and the crowds at these beaches are not bad except on the biggest holidays of the vacation season. Anastasia Island is home to St. Augustine Beach. I love all of Florida, but my favorite beaches are on Anastasia Island al the way down to Matanzas Inlet.
    4
  22992. That's what I'm talking about...F the snow and cold I'll take this!
    4
  22993. You are right. It’s better to rent than buy. Just like it’s better to loose on leg rather than two.
    4
  22994. Another awesome video - Saint Augustine is getting so crowded especially downtown and the beach which are the prime spots. It's no longer affordable to rent so I was forced to go to Palm Coast and commute.
    4
  22995. Michael, I was wondering if all you say about buying a condo - like possible assessment fees, etc., added to the regular monthly fees applies also to buying a single family home that has an H.O.A. Could you please clarify that for me as it seems that nearly all Florida homes on Zillow, Trulia, etc. have some sort of association fees. I would hate to have that hanging over our heads when we come to Florida and do eventually buy. Thanks.
    4
  22996. after this coming foreclosure debacle, banks will excuse themselves from home loans
    4
  22997. As somebody with a criminal background, I think it's important to make a judgment on the type of crime vs. Only clean backgrounds. Some are red flags while others are just mistakes.
    4
  22998. They're not going to do this no more... Please man.. ANYMORE for the love of God
    4
  22999. So much of it is government spending
    4
  23000. Congratulations 👏, finally you decided!!!! The best investment you have made so far!!!! Now start working on the second Bitcoin!!!!
    4
  23001.  @MichaelBordenaro  To buy second BTC,you can buy fraction like $100, $50 depending on your situation!
    4
  23002. Michael check The Crypto Dad all kind of information you need to know he has videos!!!
    4
  23003. Even the previous owner have trouble selling at 750K in May 27. 2021. And the new homeownder bought it on Jan , 18, 2022 for 700K. And the new homeowner want to sell for 1.3M >>1.2M>>. now 875K. Pretty dramatic..
    4
  23004. I think all it really has is the shopping center off I-95 and a plaza otherwise residential or drive to the beach or commute to Saint Augustine
    4
  23005.  @MichaelBordenaro  There’s one other smaller area of shopping not including the beaches but none of it is on par with Miami or St Augustine as far as dining or non chain stores etc. But believe it or not it’s still more than some other spots in the west of the county like Palatka or Bunnel towns nobody heard of for a reason that are dirt cheap 30-50 miles inland from the coast
    4
  23006. Just cause some people are broke and cant afford a house, doesnt mean that us with good jobs cant buy homes.
    4
  23007. Your microphone sound outstanding
    4
  23008. I'm retired in MN homeless after the new buyer kicked out 4 familys. After renovation(makeup on the pig) double the rent. Not exaggerating. 900 to 1800.
    4
  23009. That person who said that home prices are only down by 9%, you should ask him since when, because it charges every month and the percentage from the previous month his hidden from us. Just like they don’t show price drops from day one, they show it from last month. And it’s mind boggling how people get bent out of shape when paying 9% taxes on a vehicle, but a 9% discount on a house is nothing. Haha
    4
  23010. WTF........Welcome To Florida!!!........welcome back Michael!
    4
  23011. The old Chevy pickup was cool.
    4
  23012. I told you it's time to move to Cambodia
    4
  23013. Love watching your videos from PHX!!
    4
  23014. Wow, thanks Michael super job,that's my place in Miami Beach ⛱ Carillon my future home right across the Publix good area!!!
    4
  23015. What a knowledge of information those two have. Will definitely look them up. Thank you so much.
    4
  23016. Were you by Ocean Hammock Park?
    4
  23017. go after the airbnb people that have more than are allowed and running illegally. Go all the way back to 2004. LOL
    4
  23018. I have been looking at the St. Petersburg area for over a year. The prices as we all know have doubled plus. My plans to move to the area have been put on hold and I quit looking at the MLS of the area listings a month ago. Last week I started looking again, OMG! the flood of new listings everyday coming on the site! And the listing prices are higher than ever before! Amazing how greedy?! older listings are sitting with some decreasing sales price. I am always amazed at people who honestly believe these are or have been realistic prices especially with the median income for the area. Last crash people were furious when their over inflated marker values dropped $200k-$400k.
    4
  23019. Nooooo! That’s my favorite sitcom!
    4
  23020. He is so hot UGHHHHH✨🥰
    4
  23021. If you are one of those who think this is “the best economy ever”, you are not that bright.
    4
  23022. Remember the Miami Circle? In 1998 , property developers found the remnants of a 2000 year old Tequesta native American settlement under the Brickell drawbridge. We preserved ancient history and archeology back then, but no longer do now. Sad !
    4
  23023. I'm moving to Orlando, FL in June. I need to wait until then due to capiol gains. My plan is to get an apartment for a few years and hope the market cools off and that inflation doesn't explode. My concern is if things are still crazy in 3 from years now will I be able to buy a home for a decent prices. I don't see this being this extreme for a long time. But if it is, I'm probably screwed. I wouldn't be opposed to buying a condo or something in Miami or somewhere else in FL (I work from home). I'd love to get in the market but not sure its very doable right now.
    4
  23024. I think he rents an apartment, so there's no need to worry about any of those things.
    4
  23025.  @networth00  right. My comment is in regards to the question of moving Into a house! And the comparison to coats.
    4
  23026.  @MichaelBordenaro  well I am envious Of your Miami life! 😎
    4
  23027. Hey Michael, where I live in Arkansas, you can buy a decent house for around the same price as a new car!
    4
  23028. Great subject! Like the diversity in your videos too 😉😉😊
    4
  23029. Michael Bordenaro I will. :D
    4
  23030. Hot jam
    4
  23031. Its been economic crisis since early 2022. So it seems to last longer than 2009 and late 1900 cricis. The cat is out of the bag. The bluff is called. Soon we have to clean our own toiletes and build our own house.
    4
  23032. more listings is the first step for down prices - true for the 2nd observation. Still good thing for the buyers since they'll be on the driving seats first in a long long time
    4
  23033. Another informative video Michael, Thanks man, That resort is dreamy. I'm interested to hear what the housing market is like there. Yes it does remind me of St Augustine, the hotel room. I like that it may have some restaurants and stores. Might be a great place to visit and exhale. Again, like St Augustine. Probably would be too slow for me but perfect for others that may want less activity or solitude. Keep them coming. It would be nice to see more Marina shots as I have become interested in boats after researching Florida. Boats are like RVs for the water. I could see owning a boast. Looks like a lot of work but also a lot of fun and adventure.
    4
  23034. Great video Michael! 👍 It is worrying right now, our Goddaughter had to pay £11k GBP over the asking price to get a terraced starter home which is tough. Limited choices to put your money to get a good return to beat cost of living increases outside of the stock market which is labouring this year. Property is nice but that window may be closing. I wonder if the negative sentiment in the stock market mirrors the sensitivity of the younger generations that are now investing? 🤔
    4
  23035. It’s great if we could afford to live part time in both coasts, so that we could enjoy the best of both worlds. Thank you for your very informative video. Your presentation is outstanding!
    4
  23036. HA buy this house for highest price ever . Will jump on it . I will buy a cheap travel trailer and laugh to the bank when houses will be nickle and dime a dozen like 2010 . Could have bought almost new homes on block for under 10K full price . WAY TO MUCH FOMO IN THIS COUNTRY
    4
  23037. Happy Birthday!!!!!!!!!!!
    4
  23038. When don Johnson walks around my neighborhood screaming the rent is too high that's when I know the end times are near I'm going to bug out in a van down by the river I'll see y'all later. I wonder if Michael can get me a reverse mortgage on my van down by the river
    4
  23039. I wish I could get there. In Stuart, Fl for instance, the inventory is so low from the mass migration from New York and others that it’s nearly impossible to get and accepted offer with out cash or sizable downpayment. I wanted to use V.A., qualified, perfect credit and I’m immediately dismissed as a buyer. This is my home turf and after serving in the military for almost 29 years, I’m ready to move back and can’t. I made major sacrifices to move back and with all that’s going on that chance has is gone, probably for years.
    4
  23040. The plaque at 7:34 talks about a group of farmers who held a political meeting where they outlined a platform called the Ocala Demands. These were later incorporated into the platform of what became the Populist Party, which was influential in the early 20th century in the US. The Populists opposed the big industrial interests of the East Coast "robber baron" types. Things like anti-trust laws regulating big business as well as the direct popular election of US senators (they used to be chosen by the state legislatures) were some of the Populists' achievements.
    4
  23041. You remind me of Bradley Cooper.
    4
  23042. Yes, terrible drivers. We were there for my sister’s funeral and had an accident a day after, (not our fault) rear ended by a male driver who had a physical disability, was walking with a cane, I believe he had a prosthetic leg, did not speak English. It was terrible, was sitting safely on the side of the highway on a very hot day while waiting for the police officer. It’s just scary to drive there, I feel like they haven’t gone through the proper way to drive from a driving school or proper education/instructor. Too Risky 🤨😫
    4
  23043. I did a ton of research where to move to next, Clearwater was absolutely amazing online but I tell you what St. Petersburg right under it really had us once we actually got there. Clearwater was still nice tho
    4
  23044. Everybody has a dream, don't give up on it. If you want to pursue the Movie, acting, modeling, the business is in GA, along with the riots and racism.
    4
  23045. In New Jersey, officials told about 800 businesses that they must require staff to work in the office or lose millions of dollars in state tax breaks which, cumulatively, total about $8.7 billion.
    4
  23046. That’s a lot of money to live in the hood.
    4
  23047. I found that out 2 mins ago🤦‍♀️
    4
  23048. Love the mint green “Key West” house. Also the one with the lush yard that you said you liked and would create a yard like that, if you had a house. I also LOVED the stone facade house that you said was unusual. So many great houses in this neighborhood!
    4
  23049. My brother just sold his house in Miami got a place to rent but it requires renters insurance. No company is insuring now and he was told without renters insurance he can’t move in. However he has paid over $6000 in deposit. What is his recourse?
    4
  23050. Great video. Surprised to see so many houses as short-term vacation rentals. How do I find rental deals on such houses, Airbnb, VRBO? Or are they listed by some local companies there? Anyone who has knowledge about this, please respond. Thank you.
    4
  23051. I almost rushed into buying a home last year with a small down payment and low savings because rates were low and my FOMO was high. I decided to wait until Im in a better financial position and am currently paying off my car and my student loans. I want to make a large down payment and have no debt to give myself some cushion for any financial challenges that will eventually happen. I really appreciate channels like this where real discussions occur, and its not just some random clickbait for views.
    4
  23052. I am from Arkansas. My daughter lives in St. Augustine. Perfect for us. Her in laws are from Jupiter/West Palm Beach. So awesome to visit there without having to buy.
    4
  23053. Wonderful information thank you so much
    4
  23054. Please provide us examples, Michael of your recent home sales; specifics not required; say what you can about the deals.
    4
  23055. I wished that unit owners were able to sue board members.
    4
  23056. Open Door purchased my house for a large amount and even the realtor didn't understand why. No one else even bid on the house. I'm sure they will lose money on the house (in Tucson).
    4
  23057. Well one of the so called market experts Redfin just canned more employees today. Recession is coming and auto and credit card defaults are leading the way.
    4
  23058. 👍👍👍👍👍👍👍👍👍👍👍👍👍
    4
  23059. .30/gal is not worth waiting in those long lines at Costco. My time is worth more.
    4
  23060. 👍
    4
  23061. Nice 🏖🌴🌊
    4
  23062. Is Starbucks the next to layoff and close more stores?
    4
  23063. I LOVE Saint Petersburg so much. I live in the Edge District with Ferg's by Tropicana Field, but you can take the Looper Trolley for miles on Central Ave.. CHEAP to our new PIER & lots of places. Arts, parks, Crescent Lake, Mirror Lake, Restaurants, lots of Breweries museums, beaches, Sunken Gardens... 😍
    4
  23064. It’s interesting cause of seeing new places cause my parents are planning on moving there so I like to no If it’s good thanks micheal keep making these videos
    4
  23065. ❤️ you chould do a part 2 on this micheal it will be a good video ❤️
    4
  23066. Perfect presentation! Well explained thank you!
    4
  23067. This was a Excellent show! Thank you for searching out Travis to share both of your thoughts! 7/9/2023 👍👍
    4
  23068. I’m 52 and all of my insurance policies have been underwritten by Lloyd’s of London. Wtf?
    4
  23069. Finally, a man that has some sense into him. Yes. Wait it OUT. It just not worth the hassle of competing with so much buyers for such little inventory right now. I seen people offering 100-150k over the asking price to compete with other bidders. Its absolutely insane!
    4
  23070. Besides the higher home premiums, hurricane deductibles are higher than your regular homeowner's claims. According to the NAIC, the deductibles can be between 1% and 10% of the home's insured value (e.g., between $5K and $50K for a $500K home).
    4
  23071. Low interest rates helps pushing market prices higher higher higher because it's fake money
    4
  23072. Interest rate needs to be at 17% right now like 1974 for the next 15years !
    4
  23073. Hopeium…hilarious Michael…I’m stealing that from you lol
    4
  23074. Here in Port St Lucie my neighborhood housing builder has a sign offering special financing. Did not see that in the past year,,,,cracks are starting to appear.
    4
  23075. Thanks for a video. Been watching your channel for a year and finally Moving from Boston to WPB in a week.
    4
  23076. This is so awesome. As a fellow viewer of all of Michael's vids, I even remember your comment. So cool. :) Congratulations on making it happen and wishing the best of luck to your whole family.
    4
  23077. Enjoy your new home!
    4
  23078.  @TesoroDelSol  Wow, such a nice thing of you to say. Thank You!
    4
  23079. Great video Michael. I hate this unit. I read the comments before watching and thought people were just being unkind, but it really is a confusing use of space. I love that you're willing to share. Please have them change the smoke detector battery.
    4
  23080. You might be a night owl now, at 33 (belated happy birthday!), but you might find yourself early to bed and early to rise when you hit your sixties. 😉 ~Ms. B.
    4
  23081. My rent in Lakeland up 41%. So Rent poor vs house poor? Would being house poor at a fixed rate still protect affordability in the long run….if rent’s still go up way too high annually ?Today there are five moving trucks in our 352 unit complex. People can’t afford this $500 per month increase on all units. This place now,has 13 UN rented apartments. Stupid isn’t it.
    4
  23082. Hurricanes is like a deadly kamehameha wave
    4
  23083. hi im from new york want to move to miami area can u help me to get an apartment?
    4
  23084. Honestly if you're getting a degree with high earnings student loans aren't a bad idea. Getting 100k debt at reasonale interest rates for a young person with no credit history to get a law, financial, stem degree, etc can easily pay for itself by the higher earnings you will make through out your long work life. But students need to know what they're going to college for and not using these loans to 'find themselves' and party which is how they were sold to us when I was in High School. That's what makes them seem so predatory and have a bad reputation.
    4
  23085. Thank you for your help.
    4
  23086. Great vlog, I hope to see more.
    4
  23087. Necessary pain.. I totally agree.
    4
  23088. Super low paying jobs......Super hot summers......Super high amounts of insects......Nice place to visit tho.
    4
  23089.  @MichaelBordenaro  My wife works for the Health Department here in California......her same position in Florida pays about $30,000 less a year. The cost of living where we live is comparable to the Orlando area. I was shocked at the pay scale when we were job searching in Florida.
    4
  23090.  @MichaelBordenaro  Hi Michael...you are telling us what it is like in FL. Well, let me tell you what it is like LIVING in Southern California.......high rents....really high.....high real estate beyond ridiculous if you have any kind of CA zip code. Taxes, taxes, taxes. Next year our water will be restricted to 22 gals of water a day per person.....enough to have a shower, but not laundry in the same day. Taxes if you have too much concrete in your yard because the rain water will not be absorbed....yeah for real.....) Traffic from hell in L.A. County, Orange County...where I live, San Diego County, no matter what time of day. Inland counties are hot hellholes in the summer in the desert heat. It used to be paradise, but the standard of living is going down rapidly and the cost of living is rising out of control. Litter all over the place, no law and order much anymore. I have lived here for 26 years. It was beautiful until about five years ago. Now it is a shithole.....that is why I want out of here.....probably to move to Florida. Yes, we have lovely weather, (not as nice as it used to be due to climate manipulation....blue skies are fast disappearing) but that is sadly ALL that is left here as a positive. Look VERY carefully if you ever decide to leave FL to live here. It is getting worse by the day. If you have millions, then maybe it can work happily if you do not mind the freeways being a parking lot. Or if you have nothing, then you can get loads of free stuff from the CA government, but if you are in between you are screwed......and the ocean water you seem to love so much is cold and dark colored......not like FL. And the price of gas which never goes down.......do I have to go on.....and on.....and on.....California is truly paradise lost......so, so, so sad. Taking the time to tell you all this because you are being so super helpful to me with all your great videos. (Fellow guitar player....recent subscriber.....Kathryn)
    4
  23091. Beautiful area
    4
  23092. Glad I have no interest in none of the named states. Thank you so much for this eye opening information. I also just will not purchase any home with a bank.
    4
  23093. All my allergies ended when I moved to Ca.
    4
  23094. Stores should place automatic cart locks. Actually stores are rolling out biometrics just to enter a store.
    4
  23095. Great information! Btw, that Mesa Boogie Dual Rectifier is a killer amp!!!!
    4
  23096. Keep it up, Michael. Love the honesty!
    4
  23097. The real heat in the Orlando area lasts from Mid May through Mid Sept when temps are consistently over 90. The weather starts to become dry and California like starting in Oct and running through April.
    4
  23098. Wow! I am sooooo glad I found your channel. As a Philadelphian now Southern Californian, I still love and long for a lifestyle in Florida specifically Miami. Visited the city a few times right before Irma hit, loved it and can’t wait to lay some roots there. This video was more than informative and helpful which is why I’m liked and subbed. Keep me coming. PS Glad you guys were able to tough out the storm especially when not prepared to actually stay. Happy things worked out! 👍🏾💯💗✨
    4
  23099. I vacationed MB in 60s and 70s. What a change with high rises which block your ocean view and sun when riding on Collins Avenue.
    4
  23100. Hi Micheal,Have you heard that Covid 19 is making a comeback,a perfect storm is brewing.
    4
  23101. Michael, well done!
    4
  23102. I remembering I been watching your video the for the last year planning my next move. Looking back last year moving across the country to South Florida at 19 for college; as well as being on my own for the first time; was not as bad I thought it would be. I think doing the research, looking forward to your new home, and having a plan really helped me out. Knowing that I done all the research I can; really helped feel like I made to right choice. So, thank you for helping me with my research. I hope you move goes even more smoothly.
    4
  23103. As a realtor in miami this market is incredibly difficult. I have a client with a section 8 voucher for $1,800. No one is taking my offers and I have even offered up my own commission and still nothing
    4
  23104. information point on . i lived in both coast .i love east coast west coast no so much . prices on realestate clearwater pretty in line with east coast . police on west coast ( clearwater beach) jack boot nasty .east coast beaches as long as no ones causing a major problem they will leave u alone for the most part.
    4
  23105. Any opinion about the Treasure Coast area? Particularly Port St. Lucie, Sebastian, and Vero Beach? I'm considering relocating with the wife. Are those areas safe and safe to walk at night? Is traffic okay and are stores open until a decent hour?
    4
  23106. Super insightful!! Thank you so much. I'm in the midst of deciding what to do for a fla home and this vid was extremely useful.
    4
  23107. You can get 30 days of food (B,L,D) for $250 freeze dried. It comes in 2 big buckets and lasts for 25 years. That's $20 per year amortized over 25 years. If you don't use it great but if you do, it is cheap insurance. Make sure you have a 5 gallon water container per person. Propane doesn't age so a 20 lb tank will cook a lot of food and small camp stoves. Costco has a invertor generator for $300 so there is 1800 watts of electricity. Do a little bit each month. LiFePo batteries are fantastic with an invertor. $120 golf cart batteries are cheap.
    4
  23108. With all my THANKS and my appreciation.🌻😊
    4
  23109. Michael Bordenaro Yeah but I bet it still has a major impact on insurance costs. The State of Florida is absolutely beautiful which had me wanting to move there but overall quality of life I’m probably moving to North Carolina. Plus, NC has plenty of beauty and is right on the coast with a lower cost of living and a good income to expense ratio.
    4
  23110. I'm 27 years from RMDs. I will take Mr. Buffet's advice and continue to buy.
    4
  23111. If you think back to your days in chicago, the problem you may have had with your car in sub zero temps is the BATTERY would be dead. electric cars are one big battery, and you can't just "jump" an EV
    4
  23112. Can't wait when you tour Ocala & Stuart Florida
    4
  23113. I have never been to Satellite Beach either. Nice.
    4
  23114.  @MichaelBordenaro  I can't tell you how sad it made me to move from Florida. However, I'm very happy where I am now, so I guess it was just meant to be!😊
    4
  23115. People are also leaving California in droves which is driving up prices to
    4
  23116. Comment!!Michael people do not realize that all you need is either homeowners insurance to go way up or your property tax,either one might sink you,but both will be the death blow😮
    4
  23117. Get screwed right out the door by paying too much for the house.
    4
  23118. Artificially low interest rates,low inventories,positive demographics inflow and QE madness,bubble is served for Real State assets..in Florida¡¡🏖🏊‍♀️🚣‍♂️🕶☕
    4
  23119. What will happen to condos?
    4
  23120. Good because we've been getting robbed for far to long. And I strongly disagree. Prices will go back when we become energy independent
    4
  23121. Can you do a video about the real estate commissions? Are those going to change and how will it affect this state? I don’t feel like anyone is talking about this?
    4
  23122. Texas is lowering property taxes due to government surplace, super strange.
    4
  23123. Good info Michael🙃🙂
    4
  23124. Keep up on the videos and the good work, Michael
    4
  23125. I like your practical approach to life and real estate. I only came upon your videos recently and find them interesting.
    4
  23126. So true Michael working up from starter homes to present day we have built and traded 8 homes over the years. Since the 90s when interest rates were 10% fixed and now we hold a2.5% fixed with 70% equity. Patience is key and making sacrifices will get you that American dream - no free lunches!! Thanks for your awesome work, we are new subscribers , you bring up excellent advice for the people that need it most right now while the housing markets rediscover their true price!
    4
  23127. how many hurricanes you been through ? And how bad were they?
    4
  23128. Don't blame ZILLOW because the National Association of Realtors SOLD the rights to ZILLOW - so who is scamming who??
    4
  23129. Another big bank scam, they charge,$3.00 for a paper checking statement.
    4
  23130. Factors that are larger than you emphasize and more direct to the point, the work from home bubble has popped, people now have to chase their jobs back to where they came from and the small decline in home prices is not or should I say is about to open up big time. There is months of inventory on the market and growing, look for an exponential decrease in home prices to follow.
    4
  23131. Yes, I am in Austin City Limits and have been protesting all of the properties that I own or represent the past two years because the Appraisal District here chased those inflated sales and then raised everyone's land and improvement values to fantasy values.
    4
  23132. Great message bro... it was Klaus Schwab at the world economic forum's goal is "all you will know is lies, you will own nothing and be happy"
    4
  23133. Good info us usual thanks Michael 😊
    4
  23134. Let us not leave out rising homeowners insurance rates here in Florida. That could easily increasethe monthly nut by another $300.
    4
  23135. I'm a 66 year-old retired computer engineer. And I can tell you these anxieties get worse the older you get. My brother died in an airplane crash so I don't fly on airplanes anymore. I also worked for an airline and can tell you they take shortcuts with maintenance. I could never live in a high-rise building. My daughter worked a few blocks from WTC in NYC. I wish you luck and hope you can figure out how to lessen your anxieties. It's very difficult.
    4
  23136. thank you good video !
    4
  23137. It's better for homeowners if the values go down because then your real estate taxes also go down at least they do in my state because they do it by value
    4
  23138. Michael, your channel won't suddenly become a 'political' channel if you just ONCE stop mentioning 'bad policies' and instead get to the heart of the matter and to the proverbial 5000 pound elephant in the room: DEMOCRATS.
    4
  23139. If you don't like sweating from every oriface -especially while working in 90 degree ambient heat -you won't like living in Florida year round.
    4
  23140. Corporations are greeting when are americans going to stand up and say enough is enough...american greed...over inflated cars houses property.. food... utilities..gas.extortion taxes..
    4
  23141. Maybe the square does but It doesn’t really look like a Spanish town. 😂 It’s cute though.
    4
  23142. Love that park😊 beautiful area so peaceful. Thanks for the tour. I think you should move back🙃🙂 and OMG I did the same thing, I would get dropped off for CCD and then leave and just go to the playground instead 🤣😂
    4
  23143. Great info 👍🏻
    4
  23144. Thanks for shedding light on this topic!
    4
  23145. California all the way! I prefer the more liberal views anyways 🙂. Keep up the videos!
    4
  23146. I think the plan for a lot of people is to get a heloc, then do a strategic default
    4
  23147. Thank you so much for these explanations, awesome !!!
    4
  23148. They are saying it takes almost 500 gallons of gasoline to manufacture a car, wow multiply that by millions
    4
  23149. Hi Michael. The IRS have invested in a huge way in Ai and are going to target the service and hospitality industry and will be targeting part time staff. So all the people who have taken second or third jobs and not declared the money will be investigated the penalties will bankrupt many.
    4
  23150. I subscribed the first video I saw on your channel, please don't change, your information, experience, expertise and delivery are invaluable and appreciated. We are seeing big value (to most of us) decreases, about 12% to 14%, $200k to 250k+ in Silicon Valley, we vacillate between the 6th to 8th largest economies in the world. Just wait its coming to you too.
    4
  23151. great video, as always! xoxo from jupiter farms
    4
  23152. Great video, as usual, Thanks. toronto canada
    4
  23153. Thanks for putting people first and not pushing buying at all costs like most realtors
    4
  23154. Not every mortgage will allow you to make your house a rental. My rate is really low as long as it is my primary residence.
    4
  23155. Thanks Michael, what happens to renters, the rental property and the lease when the property is flooded out and uninhabitable?
    4
  23156. Thank you so much for providing all this great information. My boyfriend and I are planning on moving down to your area in a few months. I studied abroad in 2010 and was reminiscing about those days, being in a foreign country with no real preliminary guidance on how it would be, and very little technology to work with. I remember calling my grandma on her birthday from a pay phone in Lima, Peru. 😆 I can’t stress enough how helpful it is for people like you to tell it like it is for people who don’t know. This is the next best thing to visiting the place you’re going to move to! Literally gonna go watch all your videos now. Thank you! 🌞
    4
  23157. Florida is way better ..we don't give junkies needles and if u poop on a sideways ur going to jail ..
    4
  23158. Look at these haters as a positive thing. They're inspired you to make this video which in turn creates views and generates revenue 👍 YEAAAAAA buddy
    4
  23159. Thank you! I am thinking about moving to Sarasota! Glad it’s not an old folks beach lol
    4
  23160. Beautiful park 💜 Thank for sharing!
    4
  23161. To jump on the $200.00 monthly savings, is awful, because the same house can drop in value by $30K and now the $200.00 a month savings will take 13 years to recuperate. And most people don’t stay in the same house for that long. The $200.00 less per month is mostly interest, which means that the remaining balance/ escrow on the house drops very little. It’s like saying, if you win the lottery for a million dollars, do you rather get a lump sum pay out or in monthly payments for 30 years. I want the money to invest, and in 30 years I could be a multi millionaire, vs knowing that I’m getting a monthly payment and start buying trash because I know that the money will be there… and 30 years later that money I depended on vanished. THIS IS MY WAY because I have discipline.
    4
  23162. I like Kendall, Some part of Hialeah, west Chester and Mirarar. What can you tell me about this places and which one will you pick. Thanks
    4
  23163. Michael Bordenaro Ok, perfect. Then I go to Miramar, I like it very much Thank you
    4
  23164. Its so strange seeing the skyscrapers right next to one level homes. LOL !
    4
  23165. I'll be there in 7 days. Save some of that sweet heat release for me.
    4
  23166. Good morning I watch your videos all the time when they come out, instead of focusing on California market which I know you have some interested in, why don’t you do the same thing for some areas in Florida watch some houses that you think are good deals in Florida and see what happens to them in the days to come, we’re interested in the Cape Coral area I’m from upstate New York just got back from Cape Coral looking at some properties you hear a mixture of what’s going On in the market. Would love to see you do an analysis on something like this. Since the Florida market is so hot. Again enjoy your videos keep up the great work we’re a subscriber and I hit the thumbs up
    4
  23167. If you see multiple cars parked in front of a home. On a regular basis the debt monster have been or currently kicking their ass. And that home will soon be in foreclosure. What's happening in America is one of the many reasons. Why I got my passport and leverage it.
    4
  23168. Everything you stated is so true . I wanted to purchase a villa as a second home but with the rising prices , taxes , insurance and maintenance it made it so unaffordable. I won’t give up though I’ll keep looking and try to get at the right time . I’m only worried if prices go down but interest rates go up it will even out , same monthly payment .
    4
  23169. Yay, you're back! Hope you enjoyed your day off. Love your videos, been watching some old ones recently.
    4
  23170. We had a shed just like that in our a k years, too! Very cool!
    4
  23171. You need any footage from the water. I have a boat at shipyard I can take you out for a water tour.
    4
  23172. Michael, Why the hell are all those cars parked like that??? It looks tacky!
    4
  23173. Great video
    4
  23174. So glad you and Lisi got to make this great trip. I hope that soon enough, you both will get to go out again and make a trip around the state to visit other areas that you weren't able to get to the first time around. Pensacola, Sarasota, and Naples are all wonderful areas, too! As my mom always says...you will find your right and perfect place! :-) P.S. As for California, we are going to Disneyland tomorrow. My husband irritatedly woke me up this morning to tell me that Disneyland (and Disney World) have both reinstated mask wearing indoors, starting today. Just our luck to go after they made this requirement again. Supposedly, Orange County, which is where Disneyland is, is getting ready to mandate mask wearing, too! (When we called to consider booking a hotel in the Disneyland area for tonight, which we did NOT end up doing, the prices were all high, AND they were requiring that everyone wear masks inside. Our guess is that any day now, Orange County will officially mandate mask wearing indoors again. So...you and Lisi have that to consider before you possibly make your way out to California.
    4
  23175. Thoroughly enjoyed the tour, Michael! Any idea why they put chain link fences around those trees?
    4
  23176. Nice guitar rig man! I play a prs custom 24 or my sg through an old crate blue voodoo. But ive been wanted a mesa for a long time. Enjoy the day😁 🎸
    4
  23177. Our boy is leveling up!!! He went Nationnal!!
    4
  23178. I just moved to Gulf Breeze from the Bay Area CA 3 years ago, really like the small town atmosphere and its white sand beach.
    4
  23179. Blessed to be able to buy last summer....42..Massachusetts..my rent was up to 2800/month...my mortgage is cheaper now...granted, had to live further away
    4
  23180. I lived near Ft Laudedale 16yrs and never lost my electric never mind just 2 hurricanes. I love it here.
    4
  23181. You could (AI) Michael and have any tan you want. Also not have to walk so much.
    4
  23182. Racket Mortgage, United Scam sale and bowel movement Mortgage smh
    4
  23183. Enjoyed the chat! Being so far north, is St. Augustine too cold for the beach in the winter? Please let us know if the food is touristy, I'm a foodie and hate living in places where the food is catered mostly to tourists. Looking forward to the rest of your trip, please let us know what the vibe and culture feels like and yes, get new shirts :) for her sake :)
    4
  23184. Hey! You already hit 11k subscribers that is crazy. You are growing so fast! Really good video, I enjoyed it. Can’t wait to see the next upload. 👍
    4
  23185. Hello, it's suppose to be 59 degrees here in Southern Illinois today and finally melting off all the snow and ice 😊
    4
  23186. So many power outages in various parts of the country today. 🤔 Anyhow, your thumbnail is beautiful. 🌆
    4
  23187. A friend of mine bought a home with no wiring, was ripped out by the previous owners.
    4
  23188. Great idea for a vlog! A couple of quick things being from the Broward/Palm Beach side. There ARE some buildings on the beach in Lauderdale in a stretch called the Galt Ocean Mile. It's located between Commercial and Oakland Park Blvd and consists of an enclave of about 20 buildings. These buildings are right on the sand and have great features and amenities albeit probably most are out of reach as far as being "cheapest". They do have 1 bedrooms and studios though and this is a fantastic location, probably best in broward imo (I used to rent a 1 br there). Also, Riviera Beach is not a great place to live, I would stay away. Granted beachside is probably nicer but the city itself has a very high crime rate, one of the highest in the country. Love Hollywood, lots to do there and they have a boardwalk (called Broadwalk). If you speak French even better as there is a huge French Canadian population there. Hope this helps Michael!!
    4
  23189. I absolutely love your walking tour videos!!!
    4
  23190. Missing Florida more and more now 🙈
    4
  23191. I’m always amazed by how long you can speak your mind clearly, without a lot of editing lol 😂
    4
  23192. 🤣😆😂😅🤣😂😂😂
    4
  23193. Michael Bordenaro Can you imagine if that happens to me? How would I react?😆
    4
  23194. Great video, Michael! Talked with a real estate friend of mine here in San Diego and asked her if she noticed that the prices being commanded were dropping. She said, "No." but the houses in our neighborhood(s) were limited, and not moving as quickly. The sellers are in a conundrum, because if they sell for a great price (to them), they still had to buy something else that would be expensive, and probably not as nice.
    4
  23195. Fresh cut Mike.... As a black man that likes to be "fresh", I know it tightens the budget, but it was time. Mullet was starting to be big enough to surf on 😂🌊🏄‍♂️
    4
  23196. Just a great video. thank you so much. you live in paradise. cant wait to get down there. God Bless you dear Man.
    4
  23197. Thanks for the video about the palm coast. Have you had an STR in south FL? A pool is a big advantage to STR guests in FL. Unlike the north where you previously had a pool, residents and visitors alike use our pools all year long. On the other hand fireplace in south FL is not a make or break for STR guests and the one STR of ours that had with a fireplace we stated on the listing that it was 'NON OPERABLE' since we did not want random people building fires inside our house:-) Also almost every house I see with a fireplace the thing is placed between the living area and a view. Most houses I look at I would want to remove the fireplace but that is not cheap. Very right about needing to see a house in person or at least drive the area. We have seen many on paper that looked perfect only to cross them off the list because of road noise etc.
    4
  23198.  @MichaelBordenaro  totally agree that getting the area vibe is important. If looking to buy an STR house ask yourself "Would I be happy driving up to this house for my long awaited & treasured vacation?". :-) Look forward to your videos!
    4
  23199. When you say East Coast, it seems you are really only talking about Miami, Melbourne certainly is not cosmopolitan and there is little to nothing to do
    4
  23200. Of course they are being overly optimistic....it is an election year!
    4
  23201. Michael, you really have to come down here to Orange County. If you are impressed with Hermosa Beach, you will absolutely love Newport and Laguna Beach. Not only do we have beautiful beaches down here, but we also have canals almost like Fort Lauderdale and we have the marina a couple of minutes away. Oh, and they actually allow fires on the beach in some parts of Newport and Huntington Beach. Glad you are enjoying your time here in California.
    4
  23202. Uninsured coverage comes into focus when you have an accident and serious injuries.
    4
  23203. I have to pick either Texas or Florida. Still not sure. Can't afford to be in the cage for 7-8 months cold in illinois.
    4
  23204. I agree with your rant about the noise pollution. Currently in a midrise in the gables with impact glass & can still faintly hear the lawn equipment when they are around. Can’t imagine paying so much and have hear that crap all the time. No gracias
    4
  23205. I usually agree with you, but not this time. By 2030, most trucks will be DRIVERLESS. Truck drivers won't be needed in the amount they are today.
    4
  23206. 1st
    4
  23207. No way,Jose!!🕶
    4
  23208. Yes it's quite funny am following an community with 2-3 listings of similar sq ft. and interior qualityone at 425k and the other undercuts him at 390k. Both have had price adjustments twice. This same community usually sells within 2 weeks.
    4
  23209. Most of the other major metro areas in addition to Miami-Ft. Lauderdale such as Orlando, Tampa Bay, West Palm Beach & Jacksonville will continue to see long-term appreciation to the point that there will be an affordability crisis overall in these markets due to the mass migration from the states you mention in this video. Then they will bring their politics with them which in turn they will have enough political power to enact a state income tax among other freedom and economic constricting laws and policies. Given all of this, the sun might be setting on the Sunshine State.
    4
  23210.  @beachykeen2082  Ive heard that saying many times :) Good one about Florida :)
    4
  23211. When I'm an adult I definitely want to live in Florida sometime in my life, thank you for the suggestions! You have charisma on camera, so you earned my subscription. Couldn't do that on my channel ;)
    4
  23212. Great video. I know you live on the beach, but if you can do a walking tour of Miami (Coral Cables, Coconut Grove) Brickell as well. Thank You
    4
  23213. I love watching your videos. This one was really sweet. Your father's face shows he has been through so much; coming from a family of nine and having children of his own means he has loved and cared for so many people. Loved it. Well done Michael.
    4
  23214. “3,000 rent a month is not even that much money” - this just makes me depressed in my state you can own a really nice house for 3k a month… so sickening….
    4
  23215. I like this beach and AMI at the northern part. All I need is a shack and peace and quiet. Beautiful!
    4
  23216. I WANT your home prices to go DOWN! I am NOT the FED!
    4
  23217. What is the best place in Florida for music? I love singing and woudn't mind watching bands or joining one myself. :)
    4
  23218. What's so amazing is JP's inflation target is 2% while his estimate for unemployment below 5% until 2024. Just cannot imagine how a Fed chairman is either clueless or lying. My guess is that it will declare enough is done at the end of the year when inflation is still 6% or more - and unemployment is 5-6%, stock market is tanking .
    4
  23219. Ross California? Where in the boondocks is that?
    4
  23220. What's happening in California with respect to home and car insurance, could soon be coming to Florida. Will that be end of the housing market?
    4
  23221. Terrible design. Tiny bedrooms (that master with the sitting space wtf), tiny terraces (unusable), all those staircases. I don't get it....
    4
  23222. Dude, you gotta check out St. Pete's/Tampa and Daytona please
    4
  23223. I no would hit the bigger cities for this first trip (st. Augustine, Jacksonville, Pensacola, Destin, Panama City, Tampa/St. Pete, Sarasota/siesta Key, Cape Coral/Naples/Marco Island. THEN...go back and do another round of the smaller areas. I would do this because people want to see those areas, especially if they are considering a move to Florida. They will want to see areas that are practical to move to for jobs, things to do, cost of living, as well as quality of life.
    4
  23224. I'm getting more and more serious about leaving DC to rent a beach front condo in Florida for at least a year. Please let me know when you see condos - beach front or otherwise - that are pet friendly. I have two small dogs, and love dogs generally. Thanks!
    4
  23225. I totally agree with cash thing as I learned that the study of MIT,I believe, shows that you feel pain when you see your physical cash goes away from your hand. Therefore, it will make you hesitant to spend money and you have more control over it. Happy new year 🎊🎆🎈!
    4
  23226. I really enjoyed this deep dive into the Surfside/Miami real estate market. Loved hearing your analysis of all the variables.
    4
  23227. very nice!!
    4
  23228. Travis grinning like a little boy lol, so excited.
    4
  23229. I guess everyone has their own opinion about Florida,it's not for everyone, however, they are worried about Hurricanes stopping you from enjoying life? Back in Illinois, you were guaranteed a Snow Storm with no warning. Here you get plenty of warning and it's not a for sure your going to have one. I agree with you. I would much rather live here and take chances than to go back to Illinois and be in crappy snow and cold for 7 months out of the year and scrapping ice off your windows. Yuk,no thanks.
    4
  23230. People waste a lot of money mindlessly
    4
  23231. Hi Lizzie!
    4
  23232. The previous financial meltdown appeared to be caused by government programs that helped low-income households purchase houses which led to widespread defaults. It seems to be a different situation now. And as you said, it is 36 months away on business loans. What about home loans?
    4
  23233. Really enjoy your videos especially since we're looking to buy in Florida. Just visited last month and can't wait to go back. But I think it might be prudent to wait and see what happens at this point.
    4
  23234. In California you can breath. In Florida you can't open the windows for most of the year. In Florida you breath circulated air. There is mold in the HVAC systems in most Florida homes and that's why so many people have allergies there.
    4
  23235. Why not visiting the Middle class neighborhoods where most of us followers are trying to live.?
    4
  23236. You two do not look like tourist at ALL! 🤣💞
    4
  23237. You’re accent and your father’s is quite interesting. I hear slight Mid-west accent from your dad but both of you have a ever so slight Spanish sounding cadence to your speech. I was wondering if your families have ties to other nationalities outside of the US? Or maybe it’s the Cuban influence that gives the speaking patterns that tone? I don’t know but I like it! I miss living in places like LA with so many Spanish speakers around. I never learned Spanish fluently but I do carry the slight accent from it since I grew around so many people who spoke English as a second language.
    4
  23238.  @MichaelBordenaro  I'll definitely make it my business to do that. Thanks.
    4
  23239. Califórnia
    4
  23240. Good video Michael. I have always loved visiting Cali but I could never imagine living there. Too many socialist polices, thanks!
    4
  23241. So great that people are really paying attention to your tips and utilizing them to their advantage! Great video! David does look just like you!
    4
  23242. Good job Mike, the beaches look fantastic. they are so clean.
    4
  23243. I don't eat out at all. That's mostly due to the high prices and poor quality food that they serve. I don't like eating lab grown meat, pink slime, meat glue and bugs. I get my meat and vegetables from local farmers that I trust and have had a long standing relationship with. Look at what just happened with Tyson Foods. They laid off all of there employees so that they could replace them with illegals at a cheaper price. I will not support Tyson Foods now and plus, their meat sucks anyways. I drive old classic vehicles with no computers so they have no clue at how I drive except if they tract my cell phone because I keep it with me when I'm out and about.
    4
  23244. I cannot wait to move back to Florida; and the lifestyle is one of the main reasons. I live in upstate NY right now and I gained weight since a knee and back injury a few years back. You won't believe how hard it is to find a gym buddy here...or even just a walking partner. It's unbelievable how comfortable people are with being fat. And yes, I'm using the word fat, not overweight. I'm not one for being politically correct just to soften the blow. I am 40 pounds overweight; and to me that it fat. I feel fat; therefore, I am fat. Lucky for me, I hate that feeling and use it for motivation to keep working toward my goal.
    4
  23245. Home prices to 2012 levels? Not as soon as the Fed rushes back in to prop them up. In 2012 prices needed to fall farther but QE stopped it. I have watched George Gammon since 2020. I like his videos but beware of his sketchy" Rebel capitalist" conferences with hidden locations.
    4
  23246. Thanks for sharing! I liked all the different examples you showed. The fighting crab was cool..lol One of the best things about Florida is the wildlife imo. When visiting, I make it a point to cruise down 41 to checkout wildlife and take pics. It's literally like a scene out of Nat Geo! During Covid lockdowns, the sharks did move back into their territory. There were a lot of sightings I heard about around Miami Beach. I was down in South Florida in late spring and saw 5. Possibly a 6th I couldn't identify. After never seeing one before. I thought it was awesome though! I was able to get 3 of them on camera. The wildlife is one of the biggest attractions to me!
    4
  23247. Thank you for your video here. At least you have been getting to see how the beaches are with this damn virus problem we have. Thanks.
    4
  23248. I heard the British pound is getting “pounded” because they reversed course and did Quantitative easing and printed money with over 9% inflation. So ppl are pulling their money out of England because they are confused. How are u gonna raise interest rates and print money too?
    4
  23249. Enjoyed the vid btw 👍
    4
  23250. Do a video sometime on the differences between the consumer protections in California compared to Florida.
    4
  23251. Just had a client move to Tennessee from Phoenix after I sold her home here for 450k. She spent 229k there and bought a super nice turn key home. Arizona is out of control. Timmy C Arizona
    4
  23252. Michael, I am biased towards our beautiful beaches of Miami-Dade County with the whiter sand and clearer waters but Deerfield Beach looks good for a vacationer or local day trip
    4
  23253. Lots of snow by me atm. :-)
    4
  23254. Great video, Michael! All of those small business suggestions are great! I know some mobile mechanics here in San Diego, and they do well for themselves! If people take initiative, they can be successful at any of these jobs you recommended!
    4
  23255. I see prices here going down fast here in California near Fresno and around palmsprings I'm bying next year around november
    4
  23256. Thanks for doing your video outside.
    4
  23257. Check out Vero Beach, and Viera.
    4
  23258. There's actually about a half dozen cars built outside the United States that get over 75 mi to the gallon the most famous one is a Ford hatchback with a 3-cylinder diesel it gets 75 mi to the gallon it's illegal in the United States and it sucks because it's good looking
    4
  23259. property divided 50-50? HAHAHAHA That's funny Mike!!!!
    4
  23260. 4th!
    4
  23261. We live in Colorado. We figure that the 4 months or so of hot humid in Florida is better than 3-4 months of cold-cold-cold here. I like to garden and every year here if it doesn't freeze early it freezes late. Meanwhile, the only draw back we've experienced while visiting in Florida are the crazy drivers. You can't even do the speed limit in the slow lane without pissing someone off.
    4
  23262. My first time visiting Florida was back in 2018. Went to Key West…It wasn’t for anything good, but the scenery and laid back atmosphere reminded me a lot of a little beach town in San Diego called Coronado. I loved it. Fast forward to last year, visited Miami . Much more different than Key West but I had an amazing time. 😭 All that to say, I am in LOVE with Florida and will make it my home in 2022. I have never done politics . However I am embarrassed at the direction that the PEOPLE have allowed this state to go in. So yea, gotta go!
    4
  23263. If you watch crime shows like First 48 there are so many violent crimes associated with homelessness.
    4
  23264.  @MichaelBordenaro  I will definitely check it out. Thanks.
    4
  23265. Michael are you in the Miami area
    4
  23266. Don’t rent the boat. Save your money.
    4
  23267. Nice apartment...more importantly it's about the the location ... thank you Michael for the video...😀
    4
  23268. I think lower purchase price Winning at the end High interest you could refinance High purchase price you stuck till the end
    4
  23269. I am going to guess that you are a Libra ♎️ Libras love sunsets 🌅 My grandmother was October 15 she loved sunsets . ✨💕💐
    4
  23270. The beach isn’t always hard packed like that. Lots of people get stuck if they don’t have 4 wheel drive when it’s softer. Parts of Daytona can be sketchy but a great beach for walking/running, biking and boogie boards. We lived in Port Orange for 11 years and our go to spot was Daytona beach shores down by Crabby Joes on the pier. Brings back good memories ❤️
    4
  23271. The buy down makes no sense to me… the seller gives up the same revenue either way so just keep it simple and give a bigger reduction on price
    4
  23272. FL insurance companies are bleeding money right now.
    4
  23273. Lol. It was obvious you're from Florida. I live in Tampa and I'm hoping for the same. Rent is so high the working class have to move out of the city.
    4
  23274. My question is if the housing is healthy why is Biden doing everything to push back foreclosures until he is out of office. When the foreclosures go down everything will come down with it. He doesn't want the blame. 🤣😂🤣😂
    4
  23275. 1
    4
  23276. Aw, I trade place with you for an afternoon on the beach ⛱️ 🌊, Michael 👋
    4
  23277. Thank you for the video Michael. 😂🔥🔥👍🏿👍🏿
    4
  23278. Thanks Michael great info 👍 😎
    4
  23279. You can buy homes in The Villages anywhere from the high 100’s all the way beyond a million dollars.
    4
  23280. I believe you gave an honest review of both states , I’m a lifelong California resident and i am evaluating the pros n cons of both states , the biggest pros of Florida are def No state taxes , that’s huge ! And no homeless cities , tough on crime and pro 2A , so I’m sure I’ll be moving, you also got points cuz you play guitar n showed your gear in the background ! Spot on with the clubs too , thanks for the great review, you seem ultra cool !
    4
  23281. 5th
    4
  23282. Funny how people see & experience things differently. Born & raised in IL. I hate Florida. I'm inside most of the time because it's too hot. Beaches are crowded. Snowbirds make everything worse. People are rude. Driving is scary because people are nuts (and I used to drive in Chicago! ). Spent the last 20 years in WA state, I miss seasons, trees & mountains so much. Hurricane's. Oh, & there is nothing to do here. Glad you found your happy place, I just need to find mine.
    4
  23283. I believe that due to the comunism wave that is happening in Latin America, a lot of wealth families will be moving to FL.
    4
  23284. Is your wife armed while she provides your security detachment? With her dark glasses and proud walk just a hair off to your to your side, well good job ma’am anyway stay loose guys
    4
  23285. They did a good renovation and the price might be ok however the maintenance fee is way over priced for having no amenities
    4
  23286. You should only be able to buy land or a house in America if your a legal citizen.
    4
  23287. San Diego here. MH park space rent ranges from like $300-2000/month! That’s in North San Diego County. Oceanside, Escondido, Vista, Calrsbad & San Marcos it’s absolutely insane. Look, I get $300ish for nice community amenities but over that is just crazy IMO. It’s a life long tax….
    4
  23288. This is the canary, credit card default is the plague
    4
  23289. A home is only a dream
    4
  23290. Imo, we are in stagflation (yes, recession now or soon).
    4
  23291. Even though rent is high it seems like a better option for now. Great video, I had no idea about the HOA situation with homeowner insurance even if you own the home/paid cash.
    4
  23292. This was my favorite video yet. Very informative.
    4
  23293. "Loser comments" 🤣 ❌ Trolls Trolls Go Away! ❌
    4
  23294. Mike, when did your channel really start to take off? I'm up in Delray Beach..Good stuff man.
    4
  23295. Hi Michael. Are you stil working as a real estate agent? Are there any houses for rent in Surfside specifically? I used to live in Surfside until 5 days before Andrew hit us. I am a professional Videographer and Photographer and planning to move back in 2022.
    4
  23296. thanks Michael, everyone needs help.
    4
  23297. Hi Mike. Tell Lisi hey too❤
    4
  23298. Thanks for your video Michael ....I guess my dreams that I promised my wife of retiring to a beach Condo in SE Florida are going to have to change as middle class Americans will not be able to afford these sky high prices. Very bad news. Well, maybe if is some sort of RE crash we can get lucky if we continue to work hard and be patient - Looking forward to your next video.
    4
  23299. Your doing very good product, man. Thanks.
    4
  23300. Naples please
    4
  23301. A 95% discount across the board all around the world will get everybody to buy😂🎉
    4
  23302. Hollywood was nice
    4
  23303. Living on the beach would be a dream! Love it!
    4
  23304. very informative, great videos.
    4
  23305. Beautiful!
    4
  23306. Michael, I'm curious what's going on with rent prices. Earlier this year I feared that people won't be able to buy anymore because of the high interest rates, and therefore would have to rent instead, so there would be a flood of demand for rentals, driving up rent prices even more. But my rent here in Phoenix only increased $50 this year, after going up $300 last year. I was pleasantly shocked. Then I even realized that the apartment unit right next to me has been sitting vacant for 4 months now! This is a desirable bldg in a desirable part of the metro area, and last year the demand to move into this bldg was huge. And now suddenly there's no demand, and I only got a tiny rent increase. Has anyone else noticed this in their city, and understand why??
    4
  23307. Here in New York the house could go down to three cents and the property taxes still go up they never lower them here no matter what
    4
  23308. Try Melanie ❤️ Tampa on YouTube. She’s got some great videos about Tampa. Good luck.
    4
  23309. I live not far from the area with 6969 collins. My building's garage has some really sus cracks and water leaking often. Have close friends in different buildings all across Miami Beach and theirs is similar.
    4
  23310. My cousin loves living in L.A but he has a 30 million dollar net worth. So I think if you are rich an can afford to live in the bird streets or the flats of L.A then california is a great place to live, but if you are trying to get by on 20,000 a. year then living in L.A would be worse than living in a 3rd world country
    4
  23311. Michael Bordenaro That’s the reason I subscribed. I’m waiting to see what you have to say about Hollywood Beach. Can’t wait! I have watched all of your episodes on YouTube. 👍
    4
  23312. This was really a great video!
    4
  23313. 👍
    4
  23314. You are as handsome as Paul Newman . Easy on the eyes. I’m 67 and live in 🇬🇧 but am watching to make me feel grateful for variable weather. Best wishes. Corinne. Brighton. England
    4
  23315. Good videos Michael - thank you fir keeping us to date with the latest topics in real estate. One minor correction. FTSE is the ticker symbol for the Top 100 stocks in the London Stock Exchange (FTSE =Financial Times Stock Exchange) . So the article you read probably referenced a REIT in the FTSE 100 I guess rather than it being the REIT itself.
    4
  23316. Nice video, was this shot on an iPhone?
    4
  23317. I’m so frustrated.. I moved here for the freedom, awesome governor, affordability, and weather. I work hard and make good money but I feel like even with that, I’m getting priced out. Housing is getting so expensive I’m overwhelmed. I don’t know where else to go
    4
  23318. 2021/2022 are an anomaly…go back to 2015 for realistic stable values.
    4
  23319. There is no way the price decline is only 5%. All the factors (overvalue, buyer income, interest rates, investor/flipper cash-out, surplus home starts, COVID-delayed defaults, etc.) will conspire to push the prices down significantly. Be patient and save your money. The market will come to you.
    4
  23320. All open door owned home in my area are selling less than what they paid . Surprise az.
    4
  23321. Another great video! I was interested and following your discussion right up to the point when the cute lady with the toddler looked up and smiled at you…That’s when things went blank for a second. (Is that bad?)
    4
  23322. Lot rents have KILLED many a buyer/deal/seller/etc. You basically own "nothing." (most lose the M-home, if in trouble)
    4
  23323. Thank you for your video here. I still would like to lives there even though of the hurricanes. Haha, well here in Chicago it is sunny and 80 degrees.
    4
  23324. Your videos rock sir. I watch you everyday
    4
  23325. Yep, it’s not 2008, it’s worse.
    4
  23326. You can move in the northern part of south Florida, Stuart, Port St-Lucie, Jensen Beach, etc. and cut your housing costs by 2/3 !!
    4
  23327. I believe the Supreme Court already ruled such laws unconstitutional.
    4
  23328. Hadn’t heard of GUL before, only term, whole life and LTC. I’ll be checking on GUL. Thanks for the time you took to explain this.
    4
  23329. Never heard of GUL ..thank you I will check on it
    4
  23330. She is so Cute!!!It was a pleasure to meet her.Enjoy it !!!!
    4
  23331. Then landscaping on this tour of homes is absolutely beautiful. How much does it cost to maintain a yard like that?
    4
  23332. I'm going to start shopping next spring..450k cash purchase..I want a clean well loved home..turn key in a quiet senior community. Keep up the great content Michael.
    4
  23333. Oh - places of interest - St Augustines, palm beach, Jacksonville area, Tampa, Sarasota, Clearwater, St. pete
    4
  23334. does the ocean follow rivers up into the flatlands and flood them?
    4
  23335. Time to weed out the Greed!
    4
  23336. The building itself might not be properly maintained nor constructed for a humid tropical maritime climate. I would be wary of the building collapsing like Surfside fl, in Miami suburb. I will take a home anytime over silly rules of a condo , HOA fees only 1 parking space ect....
    4
  23337.  @MichaelBordenaro  I might've getting my places mixed up. We traveled up from Sarasota.
    4
  23338. Me three!
    4
  23339. Good video, very informative,some pretty nice places for the money.
    4
  23340. walkulla springs has beaches, st marks, aligator point, shell point all of that is nearby. tallahassee is surrounded by cities of less than 10,000 people and was created with families in mind so it was never intended to be a party spot. and the musuem is open on weekends. you should have visited to see the animals and go ziplining. there are also pools to go to as well.
    4
  23341. We will eventually get intoa deflationary collapse and starter homes will be under 100k… also, death rates are rising keep an eye on that.
    4
  23342. Especially all of the layoffs in the tech industry.You're not seeing it in the unemployment numbers because they're getting severance pay.Therefore technicaly when they do the surveys of companies they're still employed until until the severance runs out
    4
  23343. Love the updates ❤❤
    4
  23344. Traffic; welcome to Los Angeles bro--it's insane.
    4
  23345. Plus when you own your stuck in one location, probably next to vacation rental madness
    4
  23346. Michael I really appreciate you doing these driving videos. I am coming to Florida June the First to Cocoa Beach then I am driving down to Miami around the third. These videos are really giving me some insight to getting around when I get there . My Birthday is the Fourth of June and I have never been to Miami. I live in Virginia and I can't wait to come to Miami. I also Love the walking videos also. You really do a great job. I am planning on moving to Florida in a couple of years but it might be sooner. I am really wanting to be a Floridian.
    4
  23347. First 😅
    4
  23348. Looking cool.
    4
  23349. I was a Realtor in the 70s and 80s... we saw horrific inflation interest rates were actually up to 16%, home prices continued to rise too. Car prices went up gas was impossible to get and had gone over a dollar a gallon, energy prices went high and so many were told to go without, turn the thermostat down and turn the lights out. An interesting thing happened homes weren't selling and cars weren't selling. I think the banks will do something similar to the 80s ...car leasing became the norm. So I expect the house mortgage market will do something like extending payments to 40 years, maybe 50 years just so we can bring payments down. Who cares no one will really own anything, just like a leased car. I bet I'm right.
    4
  23350. A new Government Bailout/Stimulus package is the biggest question in terms of the future of the housing Market. Now that there will be a recession, how soon, how big, and how comprehensive is the bailout going to be? 1) No bailout, that due to inflationary fears and the Governments already high debt obligations that the Government could pursue austerity. If they do this, then a total free fall in the housing market continues as with sustained high unemployment the demand for housing doesnt return until half a decade has passed and debt levels are reduced. Housing prices will just perpetually fall. 2) Bailout, that due to recessionary fears and the Governments fear of instability that the Government does a 2020 bailout, where unemployment quickly recovers and housing prices take a hit but will recover, this is because everyone will eventually get their jobs back sooner rather than later. Both options seem bad.
    4
  23351. I don’t see any evidence of sinkholes in my area, Mount Dora, but I am going to investigate Flood Insurance.
    4
  23352. Hey Michael we are thinking about relocating to Florida with my family. I will be working in Jacksonville. What town would you recommend?
    4
  23353. Where are you working? Jacksonville is big. Family lives south side (Mandarin area). Also try St Johns county but traffic getting to St Augustine is awful
    4
  23354. Great video Michael ! This is so true. That’s what is happening to me.
    4
  23355. Leaf blowers are not necessary - and blowing dirt around is a form of air pollution and a lazy way to work.
    4
  23356. @MichaelBordenaro thanks for sharing some interesting news facts on remote working. You have done good research. Real estate + Remote Working are the 2 topics that go together.
    4
  23357.  @MichaelBordenaro  thank you!
    4
  23358. Number 3 - GREAT TIP!
    4
  23359. Tbh a lot of what you are saying is really talking about South Florida.
    4
  23360. Haha “if you die, don’t expect your family to pay a nice funeral because they still have vacations to go” lol well it’s true. I spent a lot of money on my 4th of July vacation!
    4
  23361. The next time you are in TV, pm me and we will show you around (no I don’t work for TV)
    4
  23362.  @MichaelBordenaro  lots and five minutes from the beach 🏖 3 minutes from the intercostal
    4
  23363. congratulations on your milestone Mike, watch them every day, much thanks for all the info and tips!
    4
  23364. They are building huge commercial apartments in the Jacksonville area like crazy, thousands of units. I don’t know how they will rent them all. Maybe they take section 8? The feds put 90 billion into the rental market in 2021!
    4
  23365. Can anyone tell me why Biden and Nancy and AOC and all democrats love crime and illegal immigration?
    4
  23366. Yes please keep showing the ridiculous greedy flipping
    4
  23367. What I’m seeing is homes going pending then off the market coming back on market. I’m thinking it’s because people don’t realize how much mortgages are now. Putting in offers then realizing they can’t afford it.
    4
  23368. We are flippers. We saw this coming. Did not buy for last 2 years. Buyers,lenders last 2 years will get crushed. Better just hope you didn't buy and pay cash last 2 years. Those who did are upside down. Big losses
    4
  23369. Hi Hi. I LOVE your videos. Super AWESOME! I'm a New Yorker, Moved to the UK for a year, now moving back to the USA and... 🥁🥁🥁 Will be moving to St. Augustine, by July. I'm sooooo glad you mentioned it 2x. And for all the reasons you mentioned. I've never been, but upon doing my homework it just made the most sense for me, as a single girl, full of energy. Keep 'em coming please! 😎😊
    4
  23370. We went EVs and I don't every see driving another gas car, and I come from a family that own car repair shops and did a lot of racing. With that said, I am not hauling huge loads, and have solar and batteries on my home. So I can charge for very low cost, way lower than gas. Also, being on West Coast, Tesla Supercharges are very common. They have 12 locations within 15 miles of our house with up to 24 charger spots at a location. There are probably more locations than Shell or Standard gas stations. Most of the families in my neighborhood have 1 or 2 EVs. With that said, I can surely understand how someone without easy access to appropriate infrastructure would have issues. So I understand where Michael is coming from because of condo living .
    4
  23371. Great video with nice view and content to make you think about many details when buying. Thanks for the video Michael.
    4
  23372. As a Gen Xer we have multiple retirements like a military retirement and a second job in a state retirement plus savings or 401k.
    4
  23373. Lets reverse engineer this BofA program. What kind of situation would warrant the exclusion of a mortgage risk assessment by a Bank. Property with no value or deemed a liability risk can forego a mortgage risk assessment . What type of asset falls into this scenario? Real Estate Owned (REO) property. They are properties in the banks inventory that the bank owns. These are assets like a desk or chair. How can this be a liability? Using the desk and chair for example. If BofA were to close down a major facility/center they would have access desk and chairs. If the numbers were high enough they would have to rent storage space for the desk and chairs. These desk and chairs have just became a liability. Solution either pay for the desks and chairs storage or give them to the minorities. BofA is not looking at the prices of homes. They are looking at something else. I advise you to look at those iBuyers stocks........When you lose 60% of your value in side of a year and have no foreseeable steady revenue with a profit. Its just a matter of time. Bottom line. BofA is forecasting the influx of homes in their inventory. Its so big that they are soliciting the help of minorities to help them handle the load.......
    4
  23374. All we have is now is a good trance song by Betsie Larkin
    4
  23375. All I’m hearing is massive down payment lol
    4
  23376. Ben Shapiro of the Daily Wire moved to Florida with his wife & children from Los Angeles. He did not say where he moved to in Florida, he only said he moved to where the largest population of Jewish people are in Florida since he is very devout in his faith. I am thinking perhaps the Miami area? However, his business, the Daily Wire, he moved it from Los Angeles to Nashville, TN, so he is split between to states with his business & personal family life. Interesting decision.
    4
  23377. Started off in Ft. Lauderdale beach area then Davie for school, N. Miami Beach ~2 years, Aventura ~7 years. Love it but price out of area so went to Hollywood then rising rent lead me to purchase of my first place in Pompano Beach after 12 years of renting. Now looking forward to relocating to Delray Beach area in 2-3 years to more affordable 55+community. Delray has the best down town of all I visited in SE FL. Thank you for your review, I will check out a few places on your list before I purchase again.
    4
  23378. What an opportunity
    4
  23379. These high house prices takes so much money out of the market that combined with the insurance rates and the interest rate it's a triple whammy
    4
  23380. $8,000.00 for New Roof on a double wide 1250 sf mobile home in Southern California LAST year, 2021. More now IF you can find the materials and workers. Roof NOT covered by Foremost Insurance (Farmers) the only company that will insure mobile homes in CA. Roof installed incorrectly and leaked causing interior water damage. Sold AS IS. What disabled senior is going to climb a ladder and check if the roof is installed correctly at the time of sale? Buyer NOT typically qualified to assess this kind of thing. NOT inspected by the mobile home park owners according to 3 roofing companies. NO recourse. 10 electrical outlets/switches replaced in 1 bedroom and two baths - originals, 1979 - plugs were falling out of the sockets - same mobile home $310.00 last month. SENIORS taken advantage of in these Mobile Home parks believing they are saving money. Greedy land owners. They don't care about the residents they just want the rent. This park is 60 years old with over 700 spaces, privately owned by local family- for now. About $500K a month in rents -That $6 million a year X 60 years. Lived here 10 years and cannot move on a fixed disability income.
    4
  23381. Michael, Great show....keep it up. Would you choose Arizona or Boca Raton, FL ? Thanks
    4
  23382. Boca Raton, Del Rey Beach
    4
  23383. Right! Same here. 👍🏾 :::
    4
  23384. I live in Saint Augustine and we are almost priced out of our budget of buying here in our hometown. Everyone wants to move here because the school district is one of the best in Florida.Big surf town and my son is a lifeguard on the beach.
    4
  23385. Also those dunes are high but during Hurricane Michael and Irma that water came over the dunes and flooded terribly. Many houses lost.
    4
  23386. sounds like you need a vacation from the vacation. LOL Not sure if you mentioned but vacation can be expensive and not everyone can afford to go on a trip.
    4
  23387. Families should help each other out. Move back in with each other and help with expenses so each of you have some relief, then wait out the storm.
    4
  23388. Another great podcast…..really appreciate the facts and information that you provide….thanks from Loveland Colorado
    4
  23389. Time for some Pear Brandy.....
    4
  23390. The rubber band is snapping back. Prices will be forced to come down to make insurance come down for insurers, and for total ownership costs to get to an equilibrium with what the market can support. OR Everyone will need some major and sustainable wage increases.
    4
  23391. I enjoy your videos! I like your honesty about living there and I am still keeping Florida on my list of possible places to live. Even with my irrational fear of alligators and crocodiles.
    4
  23392. If you’re using an ARM to buy a second home, at least you can try to sell the place if the rates don’t work for you when the interest reset comes. Of course, as Michael said, the price in five years might be down. And if you have an ARM on the only home you own, you’re stuck if the new interest rate s too high. Foreclosure city.
    4
  23393. Thanks for this information. I was planning on buying a condo in Fl but now will have to pick a new state.
    4
  23394. As I approached retirement I chose to buy a vacation rental property with the proceeds of my 401K. I rented it out for several years and when I was ready to retire, I bit the tax bullet and took a one-time 100% distribution from my 401K to buy the property from it. It's a triplex, I live in one unit and rent out the other two. With property values poised to drop, this calculus could now be a way of buying a desirable property you might want to retire to at a low price.
    4
  23395. I’m not good at math. How much of the $25,000 do you collect from no tenants?
    4
  23396. If people can afford $100k+ over asking on houses, and mansions on Miami Beach, they can afford 3% property tax. I personally worry if they cut too deep they could start considering the idea of a state income tax as the property taxes are how they get a lot of the money for the budget. That would effect everyone. Sometimes I shake my head at priorities when it comes to the legislature (meanwhile they're silent on rising rent). btw I know what you mean about the quality of everything tanking while the prices go up and we get less. So many food producers have changed very old favorite recipes for 'new and improved' (aka: yuck) versions. For example even Pizza Hut got rid of its most popular menu items for some unknown reason. It's like everyone just... stopped caring. I can barely get my doctor's office to answer the phone, they never do at my apartment complex and so much stuff is always sold out/never available. Both Dell and Samsung are back ordered on parts for popular items... It's really depressing and I don't really think it will ever 'go back'. I think this is what they say is the 'new normal'.
    4
  23397. I have been living in Los Angeles since 2013 [I am from Brazil] and I am sooo sick and tired of the high living cost here in CA I have been thinking in relocating to FL asap [mainly west coast FL] some cities in LA makes you feel like you are in some slum in a 3rd world country [even in Brazil...] trash along with old furniture, tires, appliances, etc thrown in the sidewalk, rude people, thousands of homeless, chaotic traffic, lots of creeps and drug addict, I have seen tons of vids about FL and depending of the city the quality of life is away better than here in CA, so there you have it, I should be making my decision not longer than summer/2022! Bye bye California !!!!
    4
  23398. The adjustment rate mortgage. Wasn't that what took a lot of homes away from people back in 08 ???? I thought we had seen the end of that practice
    4
  23399. Hi Michael! Thank you for this video. My question is a bit off topic. Moving from state to state is a bit easier than moving from Canada. I dont have family in Florida but what's your best suggestion or step I should take moving from canada to florida?
    4
  23400. Looking forward to hopefully maybe saving 17 cents on this years TG meal.
    4
  23401. Some of those houses were in poor condition and were sold as is.
    4
  23402. Great video Michael. California has never been in my plans but Florida sure is.
    4
  23403. Yea but Inflation is only 6 % 🤪😆
    4
  23404. Grest tip about asking for the real estate agent’s license number, and verifying it! You always share great and important real estate information!
    4
  23405. Thanks Michael for sharing your memories with us and thanks again for your previous review on the boat trip. Have you considered investing in 360 video camera. Best Regards
    4
  23406. Good luck!☺️
    4
  23407. I have been watching many of your videos, and I have to say, you English is great (English is my second language) you speak so clear, no need of faulty language to look "cool", something very common today everywhere. I moved to United States back in 2001, I spent 10 years in San Francisco Bay Area, California is a great place to live, but the Real Estate prices are just insane, is way too much, plus the cost of many other things like gas for example, I remember prices of $5 a gallon.....from there I went to live with my brother in Boca Raton for one year and then I had another Year in Fort Myers, that was the year 2013, so I was getting ready to get back to the place I was considering at that time to be home, that is California, but I met a person online that changed those plans, so I moved to New Jersey. I have now 7 years living here, and I am done with this place, I am done with the cold as well, a month ago I was still turning on the heaters!......So my brother in Florida is pushing me to come back and I am getting ready to hit the road again....Im not sure about getting back to Boca, even when my brother is a good source of leads in regards with my work (High End Carpenter), but I like Boynton, Del Rey, more laid back small cities like that......anyway, I hope to continue enjoying your videos!
    4
  23408. Instead of buy-now-pay-later, just save every month, then purchase something with the resulting money after X months. You'll be paying that money anyway with credit cards, buy-now-pay-later, or any other similar option.
    4
  23409. I hope so ! ❤🎉
    4
  23410. Powerful Video, Michael !.....This is for your Father, Mr. Bordenaro.....Sir, your parents are still with you, they live through You.....I'm older than you, and in ways that are very hard to describe...I know my parents are still with me ....Hope this helps.........Godspeed...
    4
  23411. 0:40 💯 it’s unsaveable imo🥲
    4
  23412. You have the best, most informative channel on moving to Florida. I feel like you do about the beach. I'm going to watch every single one of your videos and do things right. The #1 thing that will change my life will be the sunlight/ocean/beach.
    4
  23413. Me too
    4
  23414. Airplane insurance 1200 bucks a year in 2018. Now it’s 5k a year ! Here in Ohio !…
    4
  23415. The only think about the supply and demand issue is, in se Florida there isn’t much land left to build on. I feel se florida is more insulated compared to a lot of markets.
    4
  23416. Beach water temps in Miami during the coldest winter months are 5-7 degrees warmer than southern Cali mid summer temps. At least the water is refreshing during a hot day though, unlike south FL !
    4
  23417. Michael, baby boomers own millions of primary and also second homes. Due to age and required care, are these home starting to show up for sale? It can be millions of additional homes in next 10 years.
    4
  23418. I am seeing (in my area) half finished (or less) remodels. They clearly ran out of money/time/energy (most likely money) and want out before it crashes. But the crazy thing is, they want what ti's worth when it would be done. Like it still needs 50 to 100k more work but they have it at market. Some sit, some sell really fast (which I don't understand at all). But it is interesting.
    4
  23419. Surfing is excellent and popular all the way from Port St Lucie north through Jacksonville - average wave size in California 6-12 feet and Florida 5-6feet; check out Cocoa Beach surf shop
    4
  23420. The remote worker thing is a shift that could spell the end of commercial real estate in general. There is no reason a corporate finance expert should ever have to go into the office, they can find a cheaper house in flyover country while performing the job perfectly fine. I use corporate finance but it can be anything, what about the environmental health and safety folks or the lean sigma folks? There is no reason to have an office when you have one right in your house and you probably have to travel all the time anyway. What's this going to do with voting demographics? I have a feeling remote work is going to be axed and I already see it happening just to keep people in the cities. Thoughts?
    4
  23421. I'm sold. I visit Miami from England every year, I really should start visiting more often.
    4
  23422. Wow that's crazy!!! Fantastic video! Can't wait to see what you think of Palm Coast.
    4
  23423. Haven't seen where you have found a place in panhandle you particularly think is great.
    4
  23424. Yay, Lissi is in the video! Yup, northern CA has been hot!
    4
  23425. i dont know where you live in Miami , so let us know you are ok. God bless you
    4
  23426. Most of the 16 million homes are used for real estate parking and tax evasion.
    4
  23427. GREETINGS MICHAEL 🌴🌄🌴
    4
  23428. you kinda looks like gavin newsom
    4
  23429. Oh I am listening to you big time i am keeping everything low not borrowing anything and waiting for the collapse to happen. Thank you so much for your videos I enjoy them
    4
  23430. Great job with the government and the remote rent payments. Its not the governments money so they don't give a damn, and its obvious. Good job my friend. Heres something you might want to look into is the reverse mortgage fraud, that is FHA, VA approved fraud because they are guaranteeing your tax money to pay for that too. Real Estate is by far the biggest fraud scam going. The prices are ridiculous, and if you notice a huge percentage is going FHA, and VA that means the government is again using our money to guarantee the banks losses with your tax monay. They all ought to be ashamed of themselves. Better yet, prison time should be involved. Great show 32 trillion is debt, its inconceivable to me. I'm voting for Trump, that is if we still have a country in a year.
    4
  23431. Dating in Miami? Number 1 you must speak Spanish 😛
    4
  23432.  @miamidatenite  Thank you! The feeling is mutual!☺️🎉😘
    4
  23433. yes on 2014 to 2012.
    4
  23434. Awesome Vid man! Tally is truly an oddity in Florida. Would love to hear your thoughts on Flagler Beach
    4
  23435. Morning coffee on the beach would be my thing. love this video
    4
  23436. I live in Central FL in Leesburg Area. I logged into redfin to see the market trend as you recommended to do. It is going up with no trends showing down. All of Florida is not doomed to a housing crash.
    4
  23437. Loving the outside walks. Rain or shine!
    4
  23438. All these celebrities could definitely come together and put up a bit of money to build a huge apartment complex to help the homeless.... And yes! I go to Malibu only.. And Oxnard is the best.. Very clean.
    4
  23439. Why don’t more mortgage companies offer 40 fix rate mortgages. I understand that some mortgage companies are leaning this way. This would make monthly mortgage payments a bit cheaper for families starting out.
    4
  23440. Happy birthday! Mine is May 1st
    4
  23441. I don’t think that lower down payment will be as much of an issue as people think. For example, you can buy down 1% interest, if you bought a home for 240k and you put 40 K down your payments for the mortgage and interest only, goes from 1700 to 1400 but guess what with $3000 you could buy down 1% of the rate which will bring your payments from 1700 to 1400. You could have the same of mortgage payment by buying down the interest rate and giving almost nothing in down payment. The only dangerous part is that they allow people to take a loan that can potentially be maxed out to half of your gross pay, that’s risky. Low down payment, not risky.
    4
  23442. What hampened to all the reports of the horrific crime rate in Miami? You know, warning brochures given to airplane passengers? Can one still feel safe when their apartment is unmanned? Sorry to be a Debbie Downer.
    4
  23443. Great topic
    4
  23444. Well, if the FHA does start paying bills, it will help thwart and dwindle the size of future home buyers who might want to buy. There is only so much money and congress most likely won't allow this.
    4
  23445. Looking at moving into Sun City Ctr, a 55 + community in the greater Tampa region. Any knowledge on that area ?
    4
  23446. What the hell is a pension? I vaugely recall the elders speaking in hushed tones about such things.
    4
  23447. It seems though local politicians actually want to allow for less cheaper manufacturered housing as a result of Ian.
    4
  23448. Spell check on the title! 👆
    4
  23449. I don't think you'd want to live next to that paranoid zombie. Just sayn'.
    4
  23450. you should accept payment in bitcoin for the calls, even better, leave your QR code to your coinbase wallet on all your videos so people can tip you in BTC
    4
  23451. I don't live in FL and I thinking of moving there. is that true that the air quality in Tampa, Tallahasse, Ocala are bad or worse than Jacksonville?
    4
  23452. Michael you guys will be ok, blessings coming your way🙏. I'm moving Florida with my Golden Lab Retriever , leaving Michigan behind and I'm scared, stressed, excited, all those feelings at once but I have faith we will be alright.
    4
  23453. Maybe an analogy is company car versus private car. When the red light comes on the message center, it is someone’s problem other than mine. Same with rent versus own.
    4
  23454. Damn. Sorry about your friend, it's way harder to make money these days let alone find a job. Hopefully, this will get better in the coming year. We just have to push harder until then. Great video, man!
    4
  23455. It’s true but also if you wanna retire in a different country like the Latin America you should be OK with $162,000 and $15,000 worth of savings and private pay to take care of u at least in Mexico is nt that expensive when your older
    4
  23456. How come you live in Florida but not me !!? ^^
    4
  23457. You are awesome, Michael 😃
    4
  23458. Cheers to nature! Let's hope we look at ALL lifeforms with sustained love and appreciation once this is over. Thanks for the video! Stay well.
    4
  23459. Thanks Michael, been searching for a genuine vid abiut this.
    4
  23460. 😂 @ the pic a Venice in Cali. The gulf seems really nice and clean. Love the tropical landscape in SW Florida 👍🏻👍🏻 Thanks for sharing Venice and your family!
    4
  23461. New construction have high HOA and CDD! We’ve looked at a few in Tampa and the yards are tiny. Even million dollar homes sitting on top of each other. No character, every house some shade of puke brown. The houses that are only 2-3 years old already look like crap. Those incentives sound great but add in HOAs and CDDs and it’s no good deal!
    4
  23462. My dad has the red camero golf cart.
    4
  23463. Check out the Oreo cows when you are on your way back. When you get on the road heading west they are on the north west corner.
    4
  23464. Basically most ran the money wave too long and this recession was inevitable with ballooning prices to over whelming dept this is a recipe for disaster and all the analyst who don't seem to have a clue I think this recession might be the wake up call that people need and how about this novel idea...teach money management in highschool and hopefully avoid where we are now...oh and vote out politicians that caused this would help as well
    4
  23465. Beautiful place to visit but I wouldnt consider living full time among the hillbillies in that area. I have visited many times and know of what I speak.
    4
  23466. over 1 million and not one garage..wtfff I would rather move to cancun and get a mansion for 400k by a lake.
    4
  23467. Good video Mike! Not only did that lady in your example end up paying more to buy the house she has additional expenses that she didnt have renting! Thanks!
    4
  23468. I use to work out in 118° in Phoenix. The air around the reflective rooftops would temp in at 135°... 106° sounds breezy 😂
    4
  23469. It's been cold AF in Colorado this month, I'll trade you
    4
  23470. Blackstone black rocks indoor and other real estate investment companies should hire you as a consultant because they did exactly what you said not to do😂😂😂😂😂😂
    4
  23471. Congrats Mike, you earned it!
    4
  23472. Ucf as well
    4
  23473. Every question I have about moving to Florida you have an entire video for it. It's like you're in my head
    4
  23474. Heck no I would never move to California
    4
  23475. Ihateohioandmoving to florida You should look into videos on YouTube teaching you how to do those things.😉
    4
  23476. Great to see you today Michael.
    4
  23477. Awesomeness beautiful let it sink....I'm a 35 year AC tech I'm still good till the lights done gone out..And Fizuck the Rich!
    4
  23478. over $1Million for a older ranch with no garage, NO thanks!
    4
  23479. Yet another awesome walking video! Love these! Stayed in this area my very first time in Miami Beach & loved it.😀
    4
  23480. firstest
    4
  23481. Nailed it again 👏👏👏👏👏 Great information for first time home buyer’s. And……. This is just the beginning. GREAT DEALS WILL HAPPEN ON HOMES 🏡 SOON. Keep on learning everyone. Good luck 🍀 with your home shopping at the end of this year or maybe even next year. No crystal ball 🔮 here.
    4
  23482. Thank you to our host for this walking outdoor RE session. You are a realist and I follow your wise counsel
    4
  23483. This place looks incredible, closest thing to island life without getting too far away from mainland United States.
    4
  23484. Thanks for the video
    4
  23485.  @MichaelBordenaro  The only thing is you got to made living right there next to the Atlantic Ocean!!!
    4
  23486. You sound walk through some neighborhoods with houses normal people can afford. Maybe the $250,000 or $300,000 range... that my range right now and I would like to see what that would get me in Miami area. Thanks! 😊 love ur channel btw!!
    4
  23487. We were going to ask if you’re stopping in S Francisco. Let them bury the problem bec we’ve seen store fronts all closed up, we believe even near famous Fisherman’s Wharf. That’s where Michael Savage would go for dinner quite often, an Italian Place there. Watch out for Michael (Savage), Michael ! Smart guy. Great broadcaster with the historical old school flavor which we love. Thanks for vid., we like Fort Meyers, that’s where the hurricane came through though!!!!
    4
  23488. Nice location. Always stay between 39 & 44 in Miami Beach and it's nice, walking distance from this apartment.
    4
  23489. I read online the Dallas Morning News that in Dallas there are some 30K apartments going on sale.
    4
  23490. One thing About the 1980"s Homes was Most Where Priced Below 100,000 Even On Water Front Canals
    4
  23491. I just love how you keep it real!
    4
  23492. Michael . I think land lords who are charging ridiculous rents are not looking for U.S renters they are hoping to find foreign renters or investors with cash! Throughout history we have seen during war or revelations rich people with cash flee and of course they have money so they want to live in the best areas! In 1979 or even before it was the Persians or Iranians who fled to CA they all live in Beverly Hills .So is South Americans who fled multiple countries for U.S and they live in Miami so is what’s going on in Ukraine , and on and on! I think one reason for realstate to stay up with unrealistic prices is hope for foreign investors! Who also love luxury! 🤔
    4
  23493. I love Miami Beach ,I will be there this month Carillon Resort, one of the best spot in MB!!!! Michael did they finished Douville Resort yet?
    4
  23494. Michael, please keep the walks thru the streets showing those beautiful homes.
    4
  23495. I am very grateful, happy and thrill that I lived in Bal Harbor Island (Inlet was my backyard) back in 2005 - 2008. Now, not even for free...water will come in for next Big Storm.
    4
  23496. Hi, I am moving to Florida in a couple of months, I have a question. would I be able to e-mail you? It regarding expanding my business.
    4
  23497. Hey Michael ...what are the advantages and disadvantages of using a Mortgage Broker? my wife and i have a credit score over 700. Thanks Brian
    4
  23498. The Feds need to pump the brakes and raise the rates now. They are destroying the economy. But they won't because they know if they do the job market will be in a bad place. They "we" are caught up in a very tough spot. They created a huge mess with the lock downs.
    4
  23499. Loved it
    4
  23500. Why Meta even need that much employees is beyond me🙄And WHO exactly is “Metaverse” for?! Hideous!! Zuck needs to seriously grow up! He’s still an kid-adult
    4
  23501. One of the best decisions I've made in my life was during the engineered 2008 economic and financial crash was to begin (and it continues every day to this day) educating myself on "how the money system works in America and globally." Prior to the 2008 crash, I didn't really care how it all worked, I got paid - and put my money in the bank. After realizing the 2008 crash was ENGINEERED by the Bigs, I was not a happy camper and came to the conclusion and viewed the situation the same way I do working as a cybersecurity professional. "You can't protect what you don't understand." That's it. Educate yourself ASAP, the Bigs generally cheat, steal, manipulate, and don't play by any ethical rules - so the everyday people better get up to speed and stay up to speed as quickly as they can so they may make intelligent, informed decisions about their financial health.
    4
  23502. Can you please make a under 250k version please
    4
  23503. Right on with St Augustine! I’m in Palm Beach Gardens, technically West Palm Beach. Jupiter is awesome as well with the beautiful beaches, the boardwalk and free parking. I’ve been down here about 20 years. I agree about Sunny Isles and Aventura ( boat loads of plastic Surgeons there as well). I would say that Delray Beach is definitely worth a mention as well. Peace
    4
  23504. I feel your sadness, and I,m sorry that this has changed your feeling of security and stability. Very scary going forward. Best of luck to you. God bless you and your family.
    4
  23505. Seaside is where its at.
    4
  23506. I’m looking forward to more Bal Harbour videos, please.
    4
  23507. Not only are the key words in Real Estate are Location Location Location. The other is Motivation
    4
  23508. Michael…love ur show and I also like Dan@Allegedly as well as a couple other guys…funny thing I’ve noticed is that both you and Dan downplay any possibility of allowing politics to distract from your content…however I sincerely believe that both of you are conservatives and that’s mainly because, IMHO , conservatives = logical people…
    4
  23509. People are moving from CA to Miami, not the way around 😀
    4
  23510. Awesome Vid Michael, Its as if you are reading our minds
    4
  23511. Hi Michael 👋🏼 what part of Florida was that apartment you showed with the balcony facing the ocean? (Min 3:35) And is that same apartment with utilities included? If so, can you let me know please, would love to rent there when I move to Florida. Love your videos btw 😍👍🏼
    4
  23512. I know I locked in 3.31% for 30 years fixed
    4
  23513. 👍😬👍
    4
  23514. Buyers market coming very soon ! Can’t wait!
    4
  23515. Hey Michael you can hire me to do cleaning when you need it. Hopefully I'll be moving to Florida around August, I'll let you know when I'm there so you can hire me for cleaning and I have a reference and recommendation letter.
    4
  23516. sound is good Michael. 👍
    4
  23517. Love these house tours! The view is amazing! I definitely agree with your rent vs. buy analysis, lol.
    4
  23518. Those homes are beautiful.
    4
  23519. It’s cold and raining here in Paso Robles, California 😢 So once again I’m very jealous of your weather. Thank you for the update regarding Condos and wishing you and Lisi a wonderful Christmas 🎅🏽🎄 Blessings,Carlos ✝️🙏❤️😊🇺🇸
    4
  23520. My fav spot in Florida
    4
  23521. You make some good points. You are mostly right, especially that your or my opinion won't matter. The people will continue to come here to Miami and buy. Of course, now that Florida is standing out as the FREE State, without draconian mandates by leftist governors; but I digress. With that, more Freedom lovers are moving here. [and some end up voting leftist again, but I digress again] The interest rates are so low that at the lower level prices, up to about $450k, the rent and mortgage are about equal. So, definitely worth a purchase if one has good credit and some cash for deposit/closing. Which by the way, there are some opportunities of seeing closing credits from some lenders ! I know this first-hand. Also, for Miami to see a depreciation in value, we would have to see something occur as bad or worse as the 2009 crash. So that means the whole USA would have experienced the same disaster. So, it's an equalizer and it will always rise back. About the water level rise.. you are off on that one - watch this video from a Billionaire - https://youtu.be/BA1ia70-oj8 Thanks!
    4
  23522. Who's going to pay inflated prices with no jobs and a financial system collapsing? All I'm seeing is high priced garbage homes. I'm going to wait.
    4
  23523. Great information, thank you. Prices on homes have doubled in the last 1-2 years in my mid-size TN city. It is unsustainable and houses are sitting on the market.
    4
  23524. B.S on remote workers ..just because your in the office doesn't mean u are working or working better...I've been remote for 8+years I'm more productive from home vs getting in car and sitting in traffic
    4
  23525. I'm in Collier County, FL. New construction is off the chart. Commissioners approved 5 new housing communities, 3 apartment complexes, and a Golf and a Shooting Private Club near Golden Gate Estates and Immokalee. All the new construction will take some land from Big Cypress Preserve, Panther Preserve land. And what use to be tomato fields until this winter. Roads are one lane each way for about 10 miles until you get to Immokalee Road. New construction homes start between $600,000 and up. I feel bad for homeowners trying to sell with so many new construction homes.
    4
  23526. First
    4
  23527.  @MichaelBordenaro  I have owned my Unit here since 2007 but rented it out until I moved here full time in late 2017. I agree. The Board here needs to go.
    4
  23528. Good luck selling now with sellers still living in la la land and almost 9 % interest rates,only a few cash buyers left ,and they want a bargain price.
    4
  23529. I got a 3 bedroom 2 bathroom condo in summerlin las Vegas during the 08 crash for 62k. I don't think that's going to happen again at least not to that absurd level
    4
  23530. What was that one video where you were playing the guitar?
    4
  23531. I live on a barrier island a little over a mile wide between the Indian River and the Atlantic Ocean. If you come to my little towns beach park don’t park in the lot if you don’t now have a resident sticker on your windshield, or your vehicle will be towed. Stay at a hotel or short term rent and walk. Families go to the beach on weekdays after five o’clock and on the weekends. I was wondering why a police car is now sitting in the parking lot at the entrance, now I know why. I pay for local police, first responders, animal control and public sanitation so take your #@$& elsewhere.
    4
  23532. Thanks mate. I agree what you said.
    4
  23533. Without agents it will make it harder to buy and sell. I don't think these people thought things through, distributing the money comes out to a small amount. They won? I won't be shedding a tear for the sellers when they are getting cleaned out.
    4
  23534. I see people online wanting to buy because they think rent is more than owning 😂 the level of delusion in America is next level ❤
    4
  23535. yes, you did make me laugh a few times cause some of the things you say are what I have been saying all my life...
    4
  23536. Michael, I enjoyed your list. I like some of the areas you mentioned...Coral Gables is really cool, Naples and St Augustine are both great. Palm beach County has a lot to offer in terms of variety...nature, golf, equestrian, fishing, history, upscale shopping, tons of restaurants...and a pretty robust job market. But I am biased...that’s where I live...since 1989. Actually I am a Florida native and I have lived in three different areas of the state and I’m...let’s just say pretty experienced. Born and raised in Tallahassee, lived a decade in the Jacksonville area (that’s why I love St Augustine), and now in PB County. I have relatives and friends all over the state and have vacationed all over the state....so I’m pretty familiar. I divide Florida into two halves, Orlando/south and North of Orlando...Orlando/south is faster paced, more jobs, more expensive, more densely populated, more variety, et. North Fl is slower, less dense, less expensive, ...with Jacksonville being the exception. North Florida has two great college towns in Tallahassee and Gainesville. So it depends on what you want....some of my favorite things: Best beach vacation: Longboat key and Sanibel island (tie) Best golf: palm beach county Best restaurants: I can’t pick, some great restaurants everywhere (some bad ones too) Best history: Palm Beach with all the Henry Flagler stuff Best saltwater fishing: Palm beach (closest to the gulf stream) and the Keys (tie) Best pure nature: everglades (Tallahassee area is nice too) Best theme parks: Orlando (duh) Best river: St Johns Best Place you don’t know: Fernandina Beach Coolest thing to do you don’t know: tubing down the Ichetucknee river Best place to kayak: Fl Keys (there are tons of places in north and South Fl.) If you really want to live in Fl, consider living inland and not on the beach due to cost and hurricane issues....save your money and vacation on the beach... Anybody want more specifics on Fl living, I will be glad to give you my opinion...
    4
  23537. I love when they lower it 15k, if someone can get approval at 730k they aren't gonna at 715k they should have at least tried 699k
    4
  23538. Yep…your analysis is bang on. To not do anything, though would sink the ship even faster.
    4
  23539. $25 for 2 hours? Maybe that 1.2T bill they just passed will cover this hot mess.
    4
  23540. Looks like Michael has moved on from Miami
    4
  23541. You have to make over 100k to afford a small house
    4
  23542. I am an engineer and architect lived 50 years in Germany and now here North of San Antonio TX. The building has a poor quality of concrete and the steel reinforcing bars are too close to the outside. Water enters in the concrete. Rust builds up and rust destroyed any concrete. Hairline size cracks suck in the water and salty humidity is another big problem. The bad concrete around the steel reinforcing bars has to removed. The steel has to be sandblasted and covered with a special material. After a chemical stucco material has to replace the concrete and painted. Works like a glue. You can see this kind work on bridges, too. On the side a short info about concrete. Steel concrete has very special rules. Rocks, sand, cement water get mixed by weight together to match the classification of concrete for each building which is required. The rock material has to be washed.... dirt would build some kind acid over the years and weaken the concrete. All sand and rocks have certain diameters and sorted and add by weight....... less empty space between the rock and sand particles !. .... Less water in concrete makes it stronger .... more water makes concrete more waterproof but less strong. Here is the problem ... the steel bars have not the right cover on concrete & quality and distance to the outside. demolition??? ... better run ... you get a blast of concrete dust in your lung, eyes.... may they let you not be there.... your YouTuber can watch other blasts on the channel. Hope you be safe....
    4
  23543. What about the women man? Are the girls super duper feminine in Florida still or have they been "liberated"?
    4
  23544. Be safe brother.
    4
  23545. Happy Holidays BajanPana!🎉🥳🎄☺️
    4
  23546. Awesome neighborhood, Looks like where Dexter ( the TV series ) lived. You need a little boat with 2 huge outboard motors 🙂 ⛵🚤
    4
  23547. I'd like to see the expenses of insurance companies in percentage form.
    4
  23548. West coast all day
    4
  23549. Nice area for today’s video. Loved your perspectives,per usual. Hoping you,& Lizzie have a blessed,& wonderful Labor Day!💯🇺🇸💜✝️🙏🏾🇺🇸
    4
  23550. Michael, You should check out downtown St Pete on your way back. At night is really cool.
    4
  23551. Don't forget the inheritance taxes. They can be both federal and/or state, with different percentages and different amounts to trigger it. In some states the trigger amount is less than the federal, so even if the estate is less than the amount to trigger the federal, the state's still might be a lower threshold and they will come to collect. If the inheritors don't have the cash to pay, they have to sell...
    4
  23552. Yeah, but those hipsters with $1000 car payments and Vegas vacation pics are...looking good 👍
    4
  23553. I watch you because you're cute and like the background lol
    4
  23554. People migrated away from repressive covid restriction states, and guess what, they will move away from states that make transportation unaffordable and inconvenient.
    4
  23555.  @MichaelBordenaro  thanks so much !!!!! haha YW
    4
  23556. Is this the same Biden administration who’s culling all the chickens, cattle, turkeys, and other animals? The same Biden administration that’s removing farmland around the country? The same administration that were seeing massive amounts of fires on processing plants for food?
    4
  23557. Yes I did. I couldn’t assume my existing loan. So I had to sell after 30 years.
    4
  23558. You’re one of my favorite YouTubers. People need to live at their means man
    4
  23559. California has the same issue with insurance. I know many people in CA without Homeowners insurance(Very dangerous). The insurance companies that are still there will give you HO insurance, but won't cover fire or water damage.
    4
  23560. It is never a bad time to buy a house if you know what you are doing?
    4
  23561. I see lots of owners of single family homes in my area, not list for sale but rather list for rent. It's actually causing the single family home rental market to start deflating so much so where it's far cheaper to rent a single family home now than borrow. Interestingly though, apartment rent prices are soaring.
    4
  23562. love that dress 111
    4
  23563. I said 2-3 months ago mortgage rates would be 7% by Xmas. Looks like the chickens are coming home to roost.
    4
  23564. Love the meaning and inspiration in this! By the way always enjoyed your Informative florida videos,you are extremely under rated! Keep up the great work Michael! 😎👍
    4
  23565. I'm very thankful that I am moving to Kissimmee next month to start a new life coming from the midwest as well. When opportunity awaits, it tends to overcome the sense of fear. I found a really nice neighborhood and cool roommates to rent with. One of your past videos was one of the first thoughts I got to move to Florida. Thank you for all the advice and hope to follow your upcoming adventures!
    4
  23566. People need to make a cooperative and buy up some land to have their mobile homes on .
    4
  23567. Looking very nice.
    4
  23568. I got bitten by many mosquitoes just by looking at this house....
    4
  23569. Planning to move to Florida, will en checking the area and then other cities in October. Tired of midwest long winters! Thanks for your videos!
    4
  23570. Thanks for this honesty. Real estate agents will never admit this.
    4
  23571. I must be lucky here in Georgia. 25.00 water bills and the Governor is giving everyone an extra tax refund for the second year in a row. My electric company let's me charge my Plug in Hybrid overnight for free. I just found out that you don't even need a permit for concealed carry anymore. Still waiting to retire so my property taxes get cut by 70%. Go Georgia!
    4
  23572. They call you negative and yet they keep watching... hmmmm.
    4
  23573. Thankyou for your informative video’s ,surprising how many people don’t have a clue about basic inflation economics happy to see someone who can explain these subjects in a simple manner.Informative and entertaining
    4
  23574.  @MichaelBordenaro  , thank you. Sure, cost of living in Brazil (even in Rio, considered expensive here) is very low compared to the USA, and that includes clothing. Rio is beautiful, I really need to go back there for at least a weekend, my (also Brazilian) wife keeps asking me for it. Anyway, I can assure you that many things you have been recently talking about, like signs of recession and banks cutting off credit even from people with good scores are also happening here in Brazil. Let's brace for the storm, for it's surely coming!
    4
  23575. I'm chomping at the bit for the big sales. Going to be a huge windfall for some of us.
    4
  23576. You are right Michael, every states is going to have their issues. I only about $40-$50 for water here in SoCal but pay higher in taxes and other crap. You need to be happy where ever you want to move knowing that the grass may not always be greener on the other side.
    4
  23577. Michael,I would buy an electric if it was cheaper.i am 57 years old and only drive maybe 5 miles a day .I have a 2015 Chevy sonic with 31,567 miles on it,amazing.still have the original tires.😂🎉😊.
    4
  23578. I am a youtuber too and I am also thinking of leaving.
    4
  23579. Will you be posting a video on Fort Myers Beach? We recently started going there on vacations and can’t get enough of it. Would love to see how that one ranks against the other beaches you’ve been to.
    4
  23580. You keep saying, so many rental signs. You were visiting in MAY. The snow birds were going home and renting out their homes for the summer.
    4
  23581. I’m sure one day you walking around my neighborhood I give you water and high 5 😂
    4
  23582. My two favorite real estate guys... love the video... Ty!
    4
  23583. I enjoy every video 🤝 Thank you 😊
    4
  23584. Michael Bordenaro Laguna Beach is also nice, but very crowded most of the time. We always stay at Pelican Hills Resort in Newport Coast right between Laguna and Newport. You can walk to Crystal Cove state beach from there :)
    4
  23585. Gas is up up up again
    4
  23586. Nice, I’m about an hour from you in Healdsberg. I visited the Francis Ford Coppola winery. Flew to Northern California for a friend’s wedding.
    4
  23587. We have about 150k down payment and still anything we could see buying comes out to be more per mo than our current wonderful apartment in SF.
    4
  23588. Can these be purchased as investments for vacation rentals.
    4
  23589. If the cost of living is the same California is better than Florida (although Desantis significantly better than newsom) But day to day living - if cost same, just off weather alone, California better I hope you eventually make that move- you can afford it because of your self disciplined lifestyle Of course with family , you may not want to leave Florida
    4
  23590. Not first, but I'm here (at least in spirit)!
    4
  23591. Wait till gas prices skyrocket next week
    4
  23592. Fantastic video, as always! I have never been to Breckenridge, though other siblings of mine have. They all love it and say that it is the prettiest area. Thanks to your detailed video (I had never seen one that showcased this town so beautifully), I will definitely plan to go sometime! Thanks, Michael!
    4
  23593. Short trips, warmer temps .................... OK, maybe, but I'd still go with a hybrid if I was in the market.
    4
  23594. i want to move to florida from illinois. im very good at lawn care powerwashing, cleaning out debris, lawn mower, repairs, some hvac repairs and other repairs. is there enough work to go around for a handyman work?
    4
  23595. We moved to Port Orange 4 years ago and love it! We carry flood insurance even though we are not in a flood zone. If a hurricane stalls stalls over an area, all of that rain will cause flooding.
    4
  23596. So this is where Wiley Coyote and Road Runner’s chases happened in real life huh lol playing guitar in the dessert was a nice touch great video
    4
  23597. This is why you shouldnt move to Miami people, its scary.
    4
  23598. Lots of funny stuff happening there facts.
    4
  23599. you forgot to say about Brazil..hahaha. I guess there are many brazilians living in Florida too.
    4
  23600. Love the new Q/A format. Quick question: how’s health insurance cost in FL compared to other states? Heard it’s significantly more. Thanks!
    4
  23601. Until they get Rid of the Poison aka Scientology , Clearwater will Forever be held Hostage from them, and No one Will invest there!
    4
  23602. NICE AMP!!!
    4
  23603. Back home in Puerto Rico but when there Northwest for me (Central) Cedar Key ☝🏾💞🤠👍🏾
    4
  23604.  @MichaelBordenaro  Believe me, I am trying not to think about it.
    4
  23605. Any aliens in the Miami Mall?😂😅😮
    4
  23606. 10:16 What does the street sign on the right mean? ....."Traffic Calming Ahead" ....lolol...never saw a sign like that....
    4
  23607. @MichaelBordenaro how right you are about the "refinance later" mentality. I remember the real estate crash of 2008-2011. During that time banks & appraisers were ultra careful with appraised values as they were crashing as well. People stand to lose equity unless they're prepared to stay in that home for the next decade
    4
  23608. In fairness, would need to see if there was a major renovation in that 1.4m house after the 800k purchase. But yes, I absolutely would recommend to wait. History is a pretty good teacher.
    4
  23609. Have you ever been in Hazel Crest, IL where I live?
    4
  23610. Wow!!! You are a really excellent guitar player!!! Loved it!!!
    4
  23611. No AI!!! No interest at all.. please keep your videos just the way they are. Love your personality and the information you give. Thank you for all your work for us!
    4
  23612. Merry Christmas man keep up the videos!!!
    4
  23613. If you don't suntan,you can't live in Florida.
    4
  23614. Rent now is cheaper Than my mortgage I paid $5500 per month On 15 years loans Hope to paid off this year 👍🤏🤞
    4
  23615. I really enjoy your videos. Thank you
    4
  23616.  @MichaelBordenaro  I'm in the Midwest and I see what I call "panic selling" by people who are afraid they will have to sell at a lower price when mortgage rates go up even more, or they won't be able to sell them at all. I don't feel too sorry for them. Here's a typical listing: Bought it two years ago for $22,000, now asking $149,000, no structural renovations, just some new carpet and a fresh coat of paint (which likely cost $2000-$3000 max). The house has been on the market since August without a single price drop. That's nine months for the math-challenged. I'm sure the realtor has advised lowering the price but sellers are blind with greed. Let them sit on their empty house while mortgage rates climb up and up, then. Reality doesn't care about your feelings.
    4
  23617. Good well thought out video
    4
  23618. Watch out for those sharks
    4
  23619. Thanks for keeping it honest and real you are the best real estate information on YouTube👍🏼🙏
    4
  23620. not required to pay hoa dues, which will belly up the hoa association...... sell the land and divide the proceeds
    4
  23621. Is that $350 West Palm Beach water bill mostly "service" and not actual water price per gallon?
    4
  23622. There's a sucker born😊 every minute ..... And they sure know it
    4
  23623. For anyone that would be thinking about becoming a landlord or Air B &B host, to not have a property manager or one of those management groups that compete with the little guy extremely shortsighted. People are inherently greedy and the more greed, the more stupidity. I love it how people complain that a property manager takes 10% of the rent and see that as an unnecessary expense. Then they get it in the ass like the woman in this video with the squatters. People always plan for ideal situations but stuff always happens. A good property manager generally has a plan in place along with the experience to deal with most stuff.
    4
  23624. I think you’re also forgetting how high from insurance is going to go in the number of insurance are going to exit the Florida market
    4
  23625. Would you recommend wearing a parachute indoors if purchasing a condo?
    4
  23626. One word: NAVARRE
    4
  23627. Very nice, I visited Tampa and Orlando. They are very beautiful. Thank you for this nice trip. This is my favourite content on YouTube, I like travelling😃.
    4
  23628. Your rant in the first half of the video is justified. I feel the exact same way because I live in California and it's the same in every major metro. I'm not feeding this idiotic California housing monster by buying old and overpriced shacks.
    4
  23629. Well said 👏
    4
  23630. First! Thanks for the channel Michael!
    4
  23631. Wow! another really GREAT video. Wish that you would show the property taxes on the places you stroll past....this is public info. The tax structure is really unfair. Every similar property should be the same. This is bad news, ultimately, a disaster! Same in Kali......The old timer owners are laughing at the new biez.....this will lead to a future collapse.....(No one believes this, of course.)
    4
  23632. This is a serious video, Michael.....My mindset would not be AON ( a trading term that means " All or None")....I would hedge my " bet", two people are involved here , you and Lissi. You are smart to realize you have a lot more at risk! I would allocate 3-4 mos. of time and money to go and search , while at the same time paying all the bills on your apt. and " life" in Miami Bch. Sometimes , it's not a new life you're seeking but just the feeling of the adventure that is your actual goal....Hope this helps , my Friend......Godspeed...
    4
  23633. You just shouldn't buy right now in general. We need to let the system fail so prices go way down
    4
  23634. Could you give some information on other cities in Florida that may be more reasonable but are still very nice, I know Miami is your specialty but I was just asking
    4
  23635. Thanks Mike ! I have been waiting for this !!! I will start packing !! I have noticed someof the properties Ive been looking at have had reductions and havent sold....
    4
  23636. All you hear are mosquitoes 😆
    4
  23637. I saw a story in Nevada where new home builds are falling apart... The land is sinking... It's scary...
    4
  23638. Moving to Florida from California tomorrow. Wish me luck! 💯
    4
  23639. Thank you, I respect your videos! They give off great vibes man! 💪🏻
    4
  23640. Good upload. Los Angeles has some stunning scenery and nature. You should go drive Mulholland drive, nice cruise with scenic overlooks. Don't forget visiting Rancho Palos Verdes, Point Vicente light House and picnic area. Very nice and calm with Ocean views.
    4
  23641. We are getting a little taste of higher rates without the Fed doing anything. This small sample of what is to come. Rates will begin to front run the Fed. This will create havoc for markets that need more and more debt to survive.
    4
  23642. Moving from my home town São Paulo, Brazil to Seattle-WA 7 years ago was a big change for me. Can’t wait to move to Florida and scuba dive every weekend.
    4
  23643. you need to check out Melbourne beach
    4
  23644. Damn. What the hell? Maybe I should stay in London where it’s safe.
    4
  23645. Inflation is at 3.7% ? Maybe 7.3%.
    4
  23646. The gen x are faced with being in the middle of taking care of both, their children and their parents when things get rough.
    4
  23647. You’re so real I love it! 🤣🤣 the weather channel loves hyping it up, they will go as far as putting fans and stuff on the reporter to make the wind look stronger
    4
  23648. I just watched your video yesterday about living in a condo in North Miami, so wondered if this was close to you. Thank you for this update. Prayers for everyone affected!!
    4
  23649. i love scotty but u have to turn his volume down. my guy be yelling in his vids
    4
  23650. Happy Birthday LISSI, have a great one and enjoy life ❤
    4
  23651. If you are raising a family, Miami may not be the ideal place. Party town non stop. Also not everyone needs flood insurance and a lender will require it, of course if it is in a flood zone. And getting it if you don’t live in a flood zone then you just have protection just in case. And yes bad drivers here but is because florida has people from all over the world. I live about 5 miles from disney and been here for 18 yrs and as far as hurricanes is probably the safest. Right smacked in the middle of the state. I have seen many hurricanes but thank god nothing major. We had 3 hurricanes cross the stall all at the same time. Still her😀🤪
    4
  23652. On the other hand... If some one DON'T buy a home and prices continue to go up that someone may be missing their chance to enter the market... Out of the last 7 recessions in only 1 did prices go down (We are making up for that now with homes going up)... In the last 50 Years the average home increased 4.7% Year over Year... LOOK IT UP!!! Homes just naturally increase in values, that's how Americans build Family wealth!!! Timing the market is impossible, buy when you personally are ready!!!
    4
  23653. Over $150,000 people are renting because we don't believe we might even have those incomes within the next year or so. Also if you live near those jobs that actually pay you that much as I do, housing has been absolutely overpriced and protected by NIMBYs to the point where a home costs ~ 1 million + (I'm even talking small apartments with 1 bedroom...) and it feels very stupid to spend that much when you can just continue to rent and put that extra $ in the bank and put it away for a rainy day.
    4
  23654. Correct me if i am wrong. Zero down just means your payment will be higher. How is this a good thing ?
    4
  23655. I can't even imagine , oh Lord.........IF I HAD KIDS, there's no way I would spend that kind of money unless they were teens and I could let them go off on their own & meet them for a late lunch or dinner. Plus teens don't want to hang with parents so there you go......I could never understand & still don't, how and why parents take YOUNG kids to Disney - the cost, the hassel, possibly diapers, who's crying, the heat, etc....I just don't get it.
    4
  23656.  @RG-hf4et  One of life's many mysteries,....
    4
  23657. I know every spot you showed us. Been there many times. Love St. Aug.
    4
  23658. Next time Michael wears the red leather jacket. Jack’s a cool guy and when I saw him show your clip the first time it made me feel good that someone acknowledges you Michael.
    4
  23659. Hello Michael, it is a great video. Any analysis would be great.
    4
  23660. lowes and HD usually do 6 months 0% financing if you use their cards and pay it off in that time frame
    4
  23661. 1:49 ... Fang Wu? I wonder if he's related to those notorious Chinese airline pilots; Captain Sum Ting Wong, Wi Tu Lo, Ho Lee Fuk and Navigator Wong Wei? 🤔😆
    4
  23662. Come on Michael! Almost at 100K! Let's go. March to a million.
    4
  23663. Same in my neighborhood where homes hovered around $350,000-$400,000. We had a new build listed for $699,999 and is the same square footage as our home. The new owners will never get out from under that decision. Absolute insanity 😳
    4
  23664. Great video Michael !!!!
    4
  23665. Climate change is accelerating and happening at a faster rate than it was first predicted to occur. Rising sea levels are a concern if you buy a home along the coast and will be there for many years. I am concerned as I am a retired meteorologist.
    4
  23666. sharks!
    4
  23667. I can't wait to move. Im crying. I am so scared her in LA. The California fires have gotten so bad.I can't do this. Ive only been here a year and now im done. I went outside this afternoon and everything is orange!!! I m like dang, its not morning time its 12:00 pm. but looks like morning its dark. I told my husband yesterday that Im going with or without him. I love nature!! you are absolutely 100 percent correct! Its beautiful!!
    4
  23668. Absolutely on the electric reality. My electronics background sees this as basically impossible in the short run. And on point for baby boomers. They really need to budget for beyond the mortality tables. Not smart to work a life career for some and just squander it away on booze, food, trips and basically showing off. Happiness can be achieved without selling out a lifetime of savings.
    4
  23669. Throw it out, mold isn’t safe
    4
  23670. Sorry to hear you are so negative on FL Michael, other areas of FL away from the coasts might be more desirable than Miami.
    4
  23671. These prices are totally unsustainable, the only ones that can afford it are retirees that arent dependent on the crappy salaries there. How can working people afford these prices? My friend is a teacher in NY and makes six figures, if he wants to move to FL and teach his salary would be 40% less. Yet the prices have been going up for housing. This bubble will burst very soon
    4
  23672. You usually have to worry about an animal attack if they have young.Have a great time.
    4
  23673. Great video Live minimalist Middle American rental properties are solid assets
    4
  23674. I came here just to comment that I like the tone you set in your videos. Yes, prices may come down, but there's no need to wish for existing home owners to lose their shirt lol.
    4
  23675. Been watching your videos for a while now. Glad to hear the honesty. I know you’re on the front lines of real estate and even just bought but still use honest logic about a potential coming crash. Lots of folks deny that possibility - more so if they just bought. Cheers
    4
  23676. Can you address the new biden rules for real estate coming in May? Relating to finance rates….
    4
  23677. Godfather Start!
    4
  23678. I'm in MN and paid cash for my house in 2002. Haven't had insurance for 21 years. If I burn down my house accidentally, why, it's my fault. It's why I maintain it. If a tornado destroys my house, I'll take the chance. I never win the lottery anyway. Now I've saved enough money to build a new one. I wouldn't buy a house in Florida unless 1. I'd have to pay cash so insurance companies can't bully me. 2. The house would have to be made from cement blocks and be wind rated for higher than winds ever get there. 3. It would have to be flood proof, that means the right location. The problem is, is that when hurricanes do occur, everyone conspires to rip off home owners from politicians to roofers. Can't get anything fixed. Even restrict out of state roofers willing to work. I've come to the conclusion that Florida is where you move after stealing millions of dollars, where you give it all to Florida over time. They even play up the fact you can embezzle from your state and buy a house that no one can take from you in Florida. I can see why young men move there though, the women are hot and great at sex. I mean these girls make porn stars look like amateurs.
    4
  23679. What a contrast lol I agree, I couldn't be that far from the beach :)
    4
  23680. I found out fast in the 80s that working for 7.00 hr at a factory wasnt going to cut it. After the babysitter takes half of it nothing left. So I either danced and made 3000.00 a week or did bartending and waitressing . Also cleaning and painting. Had no education and didnt want to pay that student loan. In the early 80s I made 500.00 a week at 18.00 yrs old dancing. Everyone put me down for it but they weren't paying my way. Daycare Centers would be a good living as expensive as it is and people are still going to bars. And landlords still need painters. They are hitting people where it hurts ..food ..because I went to Walmart today and got a mountain bike for 98.00. But walking through the grocery depot noticed everything went up 1.00 to 3.00 . So I left.
    4
  23681. Hi Michael ..Derek in the UK Here . This REMOTE And Working From Home has always bothered me to a degree ' for the simple reason in my opinion its really not sustainable ? i can see a percentage working from Home like office clerical 'on computers /taking orders /customer service ETC . But economy runs on Industry and manufacturing /transport . this requires Hands on factory work /Drivers transporting . all i Hear today in the UK and other countries is this thing about working from home ' this to me is impossible without human involvement and Labour in ALL industry . without manufacuring Export i see no future in countries .Im Retired and come from a generation of factories and hands on WORK So i notice these common problems ??nice subject again mike ......happy new year derek
    4
  23682. Some of the houses are cheaper than my car lol
    4
  23683. I think these videos should be good for what you do. Gives a feeling of what it would be like to live there for prospective buyers and a realistic understanding of what they’re getting but your video comes off way better than even expensive sports car sales videos I’ve seen on YouTube so keep up the good work, I’m still trying to find my way since I got laid off after Coronavirus hit
    4
  23684. I heard people are moving down to FL because it seems to be the most free state in terms of Covid
    4
  23685. I think houses that are priced low <$250k will remain stable. Too many people who have prospered up north come to Florida and pay cash. Brian from Clear Value Tax says the Fed is going to pivot. Taxes on capital gains is needed. Kick the can. Social security recipients have a mandatory deduction for medicare; It increases yearly. Most SS increases are less because of this payment.
    4
  23686. I’m ready to colonize Mars
    4
  23687. Michael,..all of these homes with all of their ridiculous prices are part of (in my opinion)the ''greater fool'' philosophy,......which I explain like this. Some sucker back home (or wherever I came from) was stupid enough to overpay for my house,.. therefore I can roll that money into an overpriced house somewhere else. Nobody in their right mind would pay that kind of money for a house if they actually had to EARN that money thru a lot of blood, sweat,...and tears. The people in middle America,....and in Belvidere IL are laughing their ass--s off at the stupiditY.
    4
  23688. Thanks💗👍
    4
  23689. trouble ahead
    4
  23690. Bait and switch from media. The people that have interest rates under 3.5 are blessed. As a realtor I completely understand why people don’t sell
    4
  23691. A little knowledge is a dangerous thing. Social Security is NOT a Ponzi scheme. The Government has borrowed against it over the decades to fund all sorts of BS. The Vietnam War was one of them. Not to mention Govt paychecks. But SSI was a fiscally capable and responsible program that would be fine if they had left it alone. So place blame where it belongs.
    4
  23692. Yeeahhh really like this video.
    4
  23693. 14:15 - were those shots fired??? I thought you're in Miami, not Chicago :))
    4
  23694. Big fan of driving tour. We can hear you clear and you cover more ground
    4
  23695. Great weather. Impossible to live there
    4
  23696. Michael! Who are you insured with?? My gawd. I'm with Geico. Pensacola. You pay more in 6 mos than I pay in one year!
    4
  23697. I heard a rumor that sleeves all around Miami are taking up a class action suit against Mike lol Their pissed he denies their existence!
    4
  23698. Glad you’re alright mike! Pretty tragic man.. looks like a bomb went off!
    4
  23699. Well Mike just pulled the trigger just bought a house outside of Tampa thank you for all the information over the last few months I guess the bad hair days are going to start
    4
  23700. Sunsets mention! Totally right about 4 pm
    4
  23701. Great video Michael. I will only add , Boston was called city of champions , and now Tampa took over the title !
    4
  23702. Michael "Big Deal" Bordenaro! See...you are made for CA. "Mr. Hollywood." 😀
    4
  23703. 3:07 Chicago area is just as diverse as Florida
    4
  23704. The most crowded beach and one of the most popular in South Florida is Haulover for good reason. Check it out.
    4
  23705. Thank you for being on the beach in the warmer climate now down there...
    4
  23706. You really had a great time with your Grandpa and that was so perfect...
    4
  23707. Still with you🙏🏻 lets reach our goals🚀
    4
  23708. Great content... great advice.. keep it up
    4
  23709. in 5 years tons of careers are wiped. Cashiers, Bankers, Pharmacist etc.... They arent needed. Robots and Machines are here. The only things safe are trades for now. Plumbing, Construction, Electricians etc.
    4
  23710. Beaches! Only in Florida. Amazing and my favorite … Naples! I wish I can have a house there. ❤️
    4
  23711. Wow thanks Michael for showing us the Deauville hotel progress, also why the Ocean is so far way from the shore use to be very close?
    4
  23712. Michael: I'm thinking about home buyer pools shrinking, and qualified tenant pools shrinking, at the same time.[for increasing hosts of reasons] I guess we better check our tents for tears, etc.
    4
  23713. He's a secret agent Man....😊.... I am broke
    4
  23714. $2.22/gal just south of Dallas, it's nice but if getting so cheap ppl must not be driving anywhere cus they broke, it's gonna crash hard
    4
  23715. Thanks for the videos! Question: Is traffic better in Ft. Lauderdale?
    4
  23716. Michael, Could you please talk to us about PMI insurance on FHA and Conventional loans. It seems very confusing on how to remove it and if it's mandatory on all loans that don't have a 20% down payment. Thank You!!!
    4
  23717. Allot of people in Arizona own their mobile homes but are being EVICTED...Due to developer's purchasing the land. What is sad is the older mobile homes cannot be moved because of the possibility of it falling apart. They are legit pricing people out of their homes intentionally by way of tax assessments/ins/hoa fees/space rent...The gov is doing nothing to stop it. That tells me that it is intentional! Isn't the govs motto "You will own nothing and be happier" ? I believe based on everything that is happening that that is exactly what is happening.
    4
  23718. Comment on Delray Beach Fl for rentals for a single senior. Thanks.
    4
  23719. There are potential liabilities involved in "Choosing who you sell the house to," as you suggest, provided your selection conforms to some societally agreed upon standard of bias. Also, addressing the question of "who" purchases one's real estate (young families, people who "need it" as you suggest), is both flat-out naive and wrongheaded, and not a legitmate consideration. We sell to the highest bidder, it's the American Way. Even if that bidder is Blackrock and that home is destined to disappear into the universe of rental stock, and even if you love your soon-to-be former neighbors, and especially so because you owe it to them to sell to the highest bidder too.
    4
  23720. If you don’t present yourself as a victim, you probably won’t become one. Don’t bring a knife to a gun fight.
    4
  23721. Hope your feet are okay!
    4
  23722. You are correct best deals are distressed builders or other distressed sellers. Prices are key! Interest rates are a factor but no substitute for buying at the best price.
    4
  23723. Awesome video, learnt a lot.... I would love to see more on how to start from scratch...
    4
  23724. I just purchased a small $130k house/1 story triplex w a Spanish tile roof in Ormond Beach (1 block from the beach!!!), surrounded by million dollar houses, in a pristine ultra safe neighborhood. I am ready for the car and bikes to rust much faster since this is my low cost dream home.
    4
  23725. Excellent! 3/3 1500sf, that's huge. Your newly purchased unit is in the same building you've been renting in, right? What's your HOA fee? Taxes are going to be about 1.5% of the assessed value, which is going to be about 80% of the market value (and the market value is the sale price).
    4
  23726. Absolutely, I do not want to be a landlord in this environment. When I leave my house, I will sell it, not rent it.
    4
  23727. I know Broward county is expensive. Never seen anything cheap.
    4
  23728.  @MichaelBordenaro  I did note that the majority you've listed is Northern Florida.
    4
  23729.  @MichaelBordenaro  :D ..Naples is good spot to live,being well off and healthy over 60 is advantage ..and u get that night life,I have no idea where u been that all closed at 9pm..in Naples, there is everything..but surely Gulf can't compete with Atlantic Ocean beaches..
    4
  23730. I'm not enthused at the thought of the government meddling in the housing market. It's wealthy folk who would benefit the most by a raise in the exemption, arguably increasing wealth inequality. Besides that, there's usually negative unintended consequences from schemes like "cash for clunkers".
    4
  23731. As of 3 days ago the Fed's balance sheet has grown another $17 billion. Reducing their balance sheet by any serious amount (ex. trillion plus) may prove to be more difficult than raising rates. If anything causes the Fed to reverse course, it may be this.
    4
  23732. Great video. The wife and I are not scared to buy right now. If it's the right house, it will increase in value over time. This compensates for the rate. We will hold onto the house for 10 years and sell when our son graduates high school. We should see a return profit at the end as long as the property is treated well and updated along the way. The only problem we have right now is the overpriced properties. If we can get the right place for the right price, the rate matters nothing to me. Just my 2 cents
    4
  23733. Here’s the thing Michael, I know it might seem like that’s a ridiculous amount of money to pay for house but it’s all relative if I make 150 to 200,000 a month I could care less about paying $30,000 a month for a house if I like it.
    4
  23734. Buying a home is going to get more expensive because of this. Seems to keep getting more and more expensive.
    4
  23735. Our landlord raised our rent and I live with roommates. Rent and other living expenses are too much other places and this house is old and falling apart. The landlord barely replaces anything. We have roommates leaving increasing the cost on us all. Hard to find roommates with the increased rent. I’d rather move I think. Arizona has become ridiculous.
    4
  23736. I heard some people live on their boats in Florida. How does that work?
    4
  23737. $400 a night is beach front robbery, that is a crime for just a standard room. Have prices shot up that much. You had a reasonable hotel previously for one night. Smyrna sounds like another place to get some R&R away from the party and tourism crowds. I love the palm trees lining the streets, the small town charm. The fort is a nice plus because I like history. That antique shop was gorgeous and charming. I think that kind of sums up the town. Only boring if you want action, but lovely for peace and tranquility. For action I would be up in Daytona, I'm a race fan. Formula One, Sports Cars, Indy Car, and even some NASCAR. Motorcycles too, Smyrna reminds me of the video you did jointly with the guy from Naples. Naples shuts down early because of the demographics of the residents. That is cool. Each town has a specific character. You choose the town that fits you. Thanks
    4
  23738. I used to manage a fourplex for a friend who borrowed money from the equity of it after a short time of spiraling home prices, and went with an adjustable rate mortgage. He blew the money, and after a few years the mortgage adjusted to payments that were about double what they had been, or more. The rents in that building no longer covered the mortgage payment, so he just stopped paying. It went into foreclosure. But in the meantime he kept collecting rents, and didn't tell anyone. By the time he told me to clear everyone out because the bank was taking over, he had amassed a lot of money. I was tasked with clearing out the building and cleaning it up. I don't know if he (my friend) had to pay money after the dust settled or not, as there was an immediate buyer. I have seen foreclosures that left the owner in the home for years (I knew one that the bank left the owner in for 4 years, with no payments). Adjustable rate mortgages are just delayed suicide.
    4
  23739. I lived in Beverly Hills for five years. I could walk ten minutes or drive for two and there'd be hundreds of tents for homeless folks lining the sidewalks. The Beverly Hills Police Department artfully shields the city's inhabitants from this grim reality as long as they don't trespass beyond its borders, but once they do, reality bites. Hard. This is what happens when the wealth gap between grows--the middle class disappears and what's left in its place are wealthy and poor people with no buffer between them.
    4
  23740. Not only California has the Homeless problem, the entire west coast!! Last week I rode the Amtrak train from LA to Seattle. The Homeless problem got worse the farther north I went.. By the time you reach Portland and Seattle it looks like a war zone.. Thinking of leaving Vancouver WA because its so depressing and between Seattle and Portland, ugh. Lived in So Cal for 55 years and can't afford to move back there in the least! Left So Cal because my home burned down in a wild fire!! The state is in a Severe drought!
    4
  23741. Even if they tried to sell these condo's, why would a buyer want to pay all those fee's? Something has to give.
    4
  23742. Empty threats, left them fire people. Companies who are looking for talent will just recruit them. I'm sure there are people who slack off when working remote but there are also plenty who slack while in the office, only difference is they're sitting at their desk staring into the abyss. Who published this article/study on the 78%? I bet you it was main stream media who constantly pushes articles portraying remote work in a negative light.
    4
  23743. I am GLAD you are pumping out these videos! They are all GREAT!!!
    4
  23744. What about property taxes?
    4
  23745. Thank you for this video! I've been saying what's happening with rents especially in S. Florida has a lot to do with pure greed!
    4
  23746. 12:00 Banning foreign investors! Our just simply investors getting involved in buying out houses. My brother was thinking the sane thing. Because of him being upset that he was not getting a chance to buy a home because of those pesky investors. Give us REGULAR people a chance. You know, people who actually need a house.
    4
  23747. Most people don't know what a CPI is.
    4
  23748. The only thing that's annoying here is your comment. Skip the video if you don't like it.
    4
  23749. What a stupid thing to be concerned about.
    4
  23750. Miramar beach here!!
    4
  23751. Condo's are GREAT! But what kills some condo's is their HOA. I've seen HOA's fetch for over 1k per month, OUCH!~ Also, they're great, but their HOA's will never go down in price but up. Some condos have cheap HOA's until they raise their HOA's. House/Condos both have their pros and cons~
    4
  23752. Stigma aside, good luck getting insurance.
    4
  23753. So glad you got to visit Seaside! My sister and her family were just there for a week about three weeks ago. Gorgeous, mellow area! Ft. Walton is definitely a good choice for affordability and nice beaches! I’ll be curious to hear what you think of Pensacola, when you are able to make it there at some point. Great video, as always!
    4
  23754. Very good 😊
    4
  23755. I visited Daytona beach a couple of times I’m thinking of going next week
    4
  23756. So many Tesla’s,,,
    4
  23757. It is illegal to move a MH older than 1980. If your park decides you don't get to stay your home it is trash bound. It could be in fully renovated condition, doesn't matter.
    4
  23758. I wonder if there's wind buffers you can add to your camera to do the scooter runs
    4
  23759. This year, I have ordered over 100 Items on Prime. It's a must for me for the quality shipping alone. Most places that are not prime (cheaper but same price with shipping) tend to get shipped via government shipping which is rough... and i live way out in the country so... for me its a no brainer not to mention with the discount my amazon prime is 60$ a year and sometimes i get a month free if i complain that it didnt show up on time. :) Small QoL lol. It's Good For me because i do not live near other places haha I can see why though people in the city wouldnt want Amazon Prime.
    4
  23760. hey! i was wondering if you had any opinions on sanford? my husband and i are looking for a young fun town between orlando and daytona!
    4
  23761. Can’t wait to see!!!👍👍
    4
  23762. First 😅
    4
  23763. The definition of insanity. Doing the same thing over and over and expecting a different result.
    4
  23764. The best real estate video channel on YouTube.
    4
  23765. Very cool. I wanna go
    4
  23766. I have a place on Hutchinson Island in Stuart. It is so beautiful and peaceful. The downtown has great restaurants.
    4
  23767. MYTH: The population keeps growing and the number of houses doesn't! FACT: US Census Bureau issued a report in 2020 titled: "Census Finds U.S. Population Will Decline Without Immigration". MYTH: Immigration to the US is exploding the population. FACT: The net number of people migrating to the United States in 2021 was the lowest in decades.On net, international migration added 247,000 people to the U.S. population between mid-2020 and mid-2021. I've mentioned this before, but 1 out of every 3 houses and apartments in our neighborhood are vacant and have been for years--they're used to park assets, launder money, and zero out profits to avoid taxes. Force those vacant units onto the market and we'll have a surplus of houses and apartments to buy and rent.
    4
  23768. 1st 👍
    4
  23769. Pile up the Cash No Debt Slavery F... That Credit Tightening Likely.
    4
  23770. Watching from Nova Scotia, Canada 🇨🇦 It looks lovely there!
    4
  23771. Some people get the best names....Nick Johnson I remember a Dr. named Richard Chop, his specialty...vasectomies
    4
  23772. I love the tree and backyard but a definite must have is a garage.
    4
  23773. Not in MA, there is very low inventory and prices hit new record high prices.
    4
  23774. THE SOLUTION- More NAFTA, more Free Trade. Send more jobs to low wage countries. Continue to import the goods and services with minimal or no tariffs. Continue to cut the social safety net. Come on now, we know how to handle this.
    4
  23775. Anyone that HELOC'D to the tits to buy an investment property is going to suffer badly in a crash.
    4
  23776. Love the dogs ;)
    4
  23777. I was just informed of the buydown "option" by a Realtor off Zillow. Once again, I was reminded why I left "sales'.
    4
  23778. You state "insurance cost is related to purchase price".....I am not so sure this is correct; you insure the structure not the land value. In my opinion insurance companies use formulas to determine structure value....which may have very little correlation to purchase price in many areas with high land values.
    4
  23779. My HO6 went up by 105%
    4
  23780. Yep, same as you. I was in my 30s in the 80s and, despite really good jobs and good credit, my husband and I could not afford a home. I couldn’t buy a house until I was in my 40s. One good thing about conditions - they always change. But sometimes they change pretty slow.
    4
  23781. Very good information especially using re:venture data ... Thank you for the thorough explanation.
    4
  23782. That area is known as Davis shores
    4
  23783. Weren't we already having a supply issue. It's gonna take a very long time and a lot of money to rebuild.
    4
  23784. Have a great time 🏖
    4
  23785. Very true . I live in Canada and hate it
    4
  23786. 😂 Love it!
    4
  23787. Yes , this happened to me with Amazon a couple times. Small things, nothing major.
    4
  23788. Absolutely Mike, FHA has rules around buying these with recent changes of ownership. Generally the put minimul money in , paint , carpet , cheep cabinets, etc . Look at chain of title people , it's free at the town hall. If someone paid 100k puts 20 in and wants 500 , you would be a fool.
    4
  23789. I'd take the West Coast...but I would miss the waves...
    4
  23790. Sick background 👏👏 love it brother
    4
  23791. This is extremely creepy & shouldn't be allowed. I don't want any bank butting their nose into my life events.
    4
  23792. You're right ...I've read so many rude comments about snow birds .. telling them to stay home ... you won't be welcome ... they complain about slow old fogies, lousy drivers, etc...and I'm thinking the snow birds bring money, lots of money and they do go home unlike transplants who stay
    4
  23793. i was there for hurricane Andrew but i was really young so don't remember too much of it. but if i still lived there and they say evacuate, im with you, i won't drive 30mins or 2-3 hrs away... ill be leaving the state of florida 😆..... bye 👋 🏃🏽‍♀️
    4
  23794. Everybody who could buy have bought. now the real market is talking. all the costs are too high
    4
  23795. I am so happy you did a video on St Petersburg! This is where I live! I’ve been trying to buy a house for a year now but I think I’ve waited this long, I might as well keep waiting for the house market to cool off more.
    4
  23796. Managers are saying they can't trust workers because they want their wasteful jobs. The measurement metrics are there. And the weak workers are bad in the office and out of the office. Remote is here to stay. And if you need an office to have a social life, that is sad. You don't have a life. Absurd. There are far better ways to interact with people.
    4
  23797. I just love your driving tours ...I get to see so much ...I feel like I'm right there in the car ...I don't think rain would provide a good view out the window though and sunny days are cheery ....I love your positive attitude...thanks
    4
  23798. Agreed ! I think many people are considering relocating , these days . This channel is a blessing. Authentic in content . I can relate to the challenges he is contemplating. We all can . Congratulations on your retirement too . ♥️
    4
  23799. You are spot on, as always. Burlington in Royal Palm Beach Fl has Lay a Way big time.
    4
  23800. 👍👍👍good work 👏💯👏💯
    4
  23801. New round of money printing coming as debt ceiling is lifted. If you are waiting for the price crash, you might want to be careful
    4
  23802. As mentioned in your previous videos, companies continue to quietly layoff thousands of anerican workers.
    4
  23803. The more i watch the more i learn to make the right is decisions
    4
  23804. Ignore the problems for 40 years, then suddenly take the blinders off and tell folks they have an hour or so to evacuate... Someone in Miami-Dade County isn't doing their job.
    4
  23805. I use cash to deposit. Any online banks I can use for cash account
    4
  23806. I will sell my condo in CA and rent a single home in FL until I see the housing market settle and I am comfortable enough to settle at one place. In a mean time, invest in stock market.
    4
  23807. Always appreciated the level of expertise and knowledge you bring in these videos … Have been following you on and off since 2019 and it’s been a true joy to hear your insight. In my opinion, your the best around. Just curious, Have you checked out the area by Shenandoah ( north of North/East Coconut Grove ) ? It’s a Cuban neighborhood that’s close to Brickell and Key Biscayne. Have a house there 🏝️
    4
  23808. If more people put their properties up for sale at lower prices a Bull Trap situation could occur followed by an even steeper and taller cliff.
    4
  23809. My husband and I are moving back within the next few years. We need you for a realtor! I want one of these condos on the beach!
    4
  23810. You are welcome. Have you noticed or gave heard if any about how the water is rising along the U.S. sea shores. If so how are the politics of the Miami dealing with the increase sea shore there?
    4
  23811. I don’t see how Miami doesn’t deflate. Maybe over a longer timeline and not as much of a decline as other areas, but we definitely need a correction for most of suburban Miami.
    4
  23812. That's actually a lot of waves for the gulf side
    4
  23813. lol @ yacht boss walking behind you at 13:52. Wonder how in debt he is for his yacht 🤣
    4
  23814. My FL insurance Already went up about 40% from last year!
    4
  23815. How or where can I look up graphs about housing prices in my state of CT? I'm in the market for a house but I know this is a bad time to buy. I'd like to watch on graphs while the prices decrease so I know when it's a better time. thanks
    4
  23816. Financial fiasco !!!!
    4
  23817. Thank God I have solar here in Florida!
    4
  23818. Just subscribed and turned on the bell notification man, really considering moving down to Florida after college! Thinking either Orlando or Tampa.
    4
  23819. Same
    4
  23820. Biden say inflation is only 8% 1🤣😁
    4
  23821. Needs more deers 🤗
    4
  23822. Here’s an industry secret, banks don’t care what the interest rates on mortgages are, why do you think they spend billions and advertise to their own customers to refinance to a lower rate? Yeah they want to retain their customers, but more importantly, they want you to start over on your mortgage life and out you back at the beginning of a 30 yr mortgage. Yay you saved $100 a month on your payment but you’re even further away from building more equity than before.
    4
  23823. Yes, the size of this apartment is small but for what you are getting for the price it is not bad. I like the 10 foot ceilings and the stair case are nice features. Hahahha, the kitchen is cool but I do cook so between the two burner and the microwave, I would be cooking. So, what beach area is by this property. Furthermore, I would have to pay for a permit or two in parking here. Finally, you were surprised about having the washing machine and dyer in the larger bedroom. That feature is a cool deal maker. This is a a property over $200, 000 it better have it's own wash/dryer in it.. Thanks for you cool tour.
    4
  23824. Southern CA for weather!
    4
  23825. Something just happened Michael. The Dems just lost the House. The House controls the GOV pursestrings. No more "quantitative easing", and all that BS. The dominos are already falling. I need to restock my popcorn supply, this is gonna be good.
    4
  23826. I live in my Toyota Prius in the Miami Beach area so I don’t have to deal with any of this
    4
  23827. Miami beach has been in decline recently, say too much crime
    4
  23828. My position is True remote even before the covid wave of remote workers it was remote. No office for me its all microsoft teams lol
    4
  23829. Even if home prices drop 25% from here. Would that really make any difference to anyone ? Especially with the current loan rate being over 7%. Same with rents. I do not think rents are going to fall enough to make a big difference.
    4
  23830. You could own the house outright and not have to worry about insurance
    4
  23831. Welcome to my area! Live In Crystal Beach, 15 min away :) I’m 24 and it’s just so nice! Glad yah enjoyed 🙏🏼 edit: so red tide isn’t suppose to happen that often just recent storms and more activity causes it get stirred on the bottom of the ocean, also in the fall there are no tourist and the beach and water is actually clearer than in the summer. Winter can actually get chilly at times but not too bad!
    4
  23832. Thank you Michael for sharing the beach setting. So, it has gotten cooler/colder here in Chicago. It is about 31 degrees here for the evening..
    4
  23833. there are no coincendences
    4
  23834. Another excellent review and happy birthday Michael. Like you I’m a Virgo 25 August .Best Regards to both of you.
    4
  23835. "The hood"....😂😂😂 be safe.
    4
  23836. Hi Michael, first I would like to say that I luv your videos on "Living life in Florida", it is very informative! My husband and I are making plans to move to Florida this year. Well, with all that's going on with Covid-19 we decided to postpone the big move until everything's back to normal. This is all new for us making such a big transitioning from state to state but this is something that we wanted to do for a very long time . We reside in NJ and is looking to hopefully make our move in the fall. Is there any advice you can give me as to what step we should make first before moving to florida? Like for instance, should we have a job lined up first before an apt or vice versa?
    4
  23837. What map software are you using when you zoom in and out of the map?
    4
  23838. Dave Ramsay’s advice about rentals as investments is spot on- a lot of people bought investment properties when the market was hot - Dave was constant that people were assuming on a lot of factors including the law changes. I’m so worried about not the stock market but the exchanges. Thank you Michael for you suburb content
    4
  23839. Driving Toyota vehicle, which has 300,000 miles (yes you read this correct )
    4
  23840. Maybe those real estate venture companies should cancel netflix, eat less avocado toast and get a side gig? thoughts and prayers for their bottom line. Also I work at company where average full time employee have been for 12 years. companies just really need to pay fair wages and keeping talent around would not be an issue, I did get 5% raise and 5% bonus and salary bands got reevaluated just last year. Training new hire and getting them up to speed in some places takes good 4-6 months
    4
  23841. I’m with you on this one Michael, this inflation on House prices and other goods have to stop or slow down some how in order to encourage more spending and keep this economy moving forward
    4
  23842. Hey, thank you for this insightful video but you didn’t mention...what makes you not want to live in Jacksonville?
    4
  23843. Reverse Mortgage! A Big Scam🧤ATM!?
    4
  23844. What are the wealthiest neighborhoods in Clearwater?! St Augustine is a little too old for me I’m a millennial lol thank you for your videos very helpful 💙
    4
  23845. The Sheep will ALWAYS be Sheep YGWYVF
    4
  23846. Thanks for this different perspective
    4
  23847. Love how you are keeping us informed in real time! I watch every video that you put out! They are coming fast and furious! Keep up the great work!
    4
  23848. thats a nice house how much is it? do you also work on the west coast of florida?
    4
  23849. The red rocks look so majestic! Sad to see the homelessness and unfortunately many big cities experience it and I wish it didn't exist. The restaurant with live music is somewhere I would have totally been attracted to as well. I love live music. So cool! Glad you found a nice place to relax and have dinner. :)
    4
  23850. Got my credit into the “excellent” category and I plan to keep it that way. Hearing the difference it makes in a monthly payment and the life of the loan…I’m so glad did.
    4
  23851. South florida is heating up again. Multiple offers right away on most listings
    4
  23852. I’m moving to Florida.
    4
  23853. Excellent video. Good arguments you put forward.
    4
  23854. This is not just caused by rising evaluations. It’s insurance companies implementing ESG in “fear” of climate change. They see an opportunity to grab more money from home owners.
    4
  23855. Don't forget all the material prices and some cases quadrupled and definitely a skilled labor shortage and the cost of permits have skyrocketed anybody buy a Ford F-150 lately I think the entry level is about 70 grand
    4
  23856. Hi Michael-It's Terri from Hesperia. (mobile home on land). Just want you to know, San Bernardino County is starting a mobile recording service with a notary. How convenient for people, when they start dumping their dumps. Also when buying an Owner will carry, make sure the seller does their reconveyance when paid off. My seller died, and I went through a nightmare to get reconveyance on my paid off mortgage. That is a misdemeanor for the seller. So what. A total nightmare for the buyer when the seller has died. So now I can get married in a mobile recording on wheels. Ha
    4
  23857. I watch your channel everyday! I love all the good information and I feel you will go really far with your channel. You are like a true news channel on economy. You are never boring, just love every detail of your well put together talks. Thank you!
    4
  23858. I actually watch your channel because it’s very informative on what’s going on in the world. I don’t necessarily look at it as negative. But that’s just my opinion. Thanks Michael! ❤
    4
  23859. As we are looking to buying in Daytona Area - look forward to your further impressions. Daytona seems to be on the rise!
    4
  23860. And some of those mobile homes are 50 years old but looks like new .
    4
  23861. It's like a ponzi scheme. Sellers need a new batch of suckers to pawn their over priced houses on.
    4
  23862. ARM rate less than fixed rate is a trap, the ole bait and switch.
    4
  23863. I bought during the smart time of early 2020. I definitely didn’t plan on moving any time soon. It’s not worth it with these rates today.
    4
  23864. Thanks for the nice information, nice to see somewhere els than just Ocean Drive!!!!
    4
  23865. So very true.
    4
  23866. $5 a gallon in downtown L.A. and San Francisco
    4
  23867. That boat is a”babe magnet.” Ha!
    4
  23868. People are used to artificially low interest rates. When I built my dream home in 1986 the interest rate was 11.85 %. I managed.
    4
  23869. Great video. In the next one for Bal Harbour, can you walk down the east side of Collins and show the fountains in front of the condos?
    4
  23870. landlord said they were going to raise my rent 10% so I told them I was going to move out at the end of my lease and then they came back at me and said that I could renew my lease with a 3% increase. I am still deciding because I am bored with the area.
    4
  23871. Seems in the end "starter houses" will have the largest percent of price increases due to their "affordability" relative to the large tax upkeep and insurance escalations. Strange outcome
    4
  23872. nice line-up!! I haven't touched one in almost 20 years but still, remember a couple of things!
    4
  23873. Lol No PC can’t say that stuff in CA but it’s the truth and the truth hurts. I lost 100lbs to look, feel and be healthy.
    4
  23874. Relative in west palm Beach condo was assessed $10k for hurricane damage one year, special assessment....no thanks I prefer St. Augustine!
    4
  23875. Good day everyone.
    4
  23876. Wonderful. Great video after I closed on my home in Florida this am. No regrets though
    4
  23877. Thank Youuuu.. I will be relocating back to Miami in the next couple of months 😁😁
    4
  23878.  @MichaelBordenaro  Thank you..I will be in contact.. love Miami
    4
  23879. Sellers are delusional
    4
  23880. I moved to St Pete last August. Like you said your videos didn't convince me it just helped confirmed my decision. It's been great- I work from home (day trader since 2006) so I'm practically retired at age 42 because I can read a chart. Once the market closes I'm off to the beach or whatever I want to do. I think when I first watched last year you were only at 4k subscribers. They say the first 10k is the hardest- good work my friend. I would still grab those real estate deals with the fruits of your labor (maybe make a team to work those leads- dont leave money on the table)- save it and make it grow. Best of luck Michael!
    4
  23881. Michael, your mom sounds like my mom, when I left Michigan at 22, to move to Colorado. I was the oldest child, and none of my family had really moved, other than my grandparents heading to Florida, after my grandpa retired. It was hard on my mom at first, as we were close, but then she liked the idea of being able to visit me in CA, the PNW, and CO. I came back for either Christmas or Thanksgivibg most years, as well as family weddings, and eventually, my grandfather's funeral in Florida. I think that helped. As a young kid, I had always wanted the family to live in a more exciting and warmer spot, but we generally went up north, or a couple winter vacations to Florida. My dad hated Michigan, but my mom was afraid of moving until my dad would line up a job. My dad was proud of me deciding to actually make a move. Was this video done at your mom's place in Belvidere? The 4 seasons argument I heard to high heavens, but once I lived in CA, I could care less if I ever saw winter again, and there were mountains in Big Bear or Tahoe, if I missed snow, anyway. I have never missed winter since! Good to see your mom in a video! Her voice sounds similar - it is part of that nasal Great Lakes accent that all my family has as well.
    4
  23882. i heard saint augustine, and im instantly hyper focused now to the video..for our beach here in munich is more just 100 percent rocks...so the beaches in florida our all awesome...and clearwater, even fort myers. beach is a gem too. but older people for sure...like naples.....and saint augustine 17,000 now and still crazy growing...florida what a year..
    4
  23883. HI (MV) great vid would luv to see some of the bars or stops to eat how s the boardwalks?
    4
  23884.  @MichaelBordenaro  I did not realize you live in Surfside .Miami Beach, Surfside, Sunny Isles and Aventura are a different experience than other parts of Miami .
    4
  23885. Your vids are actually relaxin to watch lol keep up da content bro.
    4
  23886. I am true fan of yours, and I like how you revolt from the mainstream BS and stick to them 😂
    4
  23887. Good luck with the insurance company paying people for the damage
    4
  23888. No the feds will Not be able to Tame anything anymore period! It's obvious they have lost total control. FREEDOM!
    4
  23889. I’m in the side line waiting to buy in Orlando I’m renting for now I have 700 k in cash
    4
  23890. I imagine the rent game Blackstone has been playing is going to take a lot of investors down. They have been doing “rent backed securities” for years where they bundle thousands of homes and sell the bundle to investors. I can’t find a single place where these are being tracked. All it takes is one investor to tank and thousands of homes will go down. Look back at 2009 when rents bottomed out and multi family took a big hit.
    4
  23891. We are blessed to live in a place where it's 85 degrees on Christmas Day and you're either in the pool or out on a dolphin cruise! Summers here are scorching, but winters are glorious (that's why there are so many snowbirds from up north.) Tip to note: for a year rounder, the longer you are here the thinner your blood will become and the less you will be able to tolerate any kind of cold. For that reason I suggest living below central Florida (draw a line across the middle of the state and live south of there.) Northern FL can get frosty and you will still need leather coats.
    4
  23892. I'll believe it when I see it.
    4
  23893. The weather is no good reason to tax the middle class out of the state. Very happen to be out of California. They don’t want you there.
    4
  23894. Cool video, cool dad with a cool t shirt and the picture does its job too. Ciao!
    4
  23895. Well of course the most populated cities are the ones with the most crime.
    4
  23896. Love it why don’t u just be blunt and state that anyone who hates diversity shouldn’t move to Florida 😊
    4
  23897. My plan, when I get back from The Philippines, is to buy a new vehicle, maybe a Honda CRV Hybrid and a new Trek bike. Then spend 2 - 3 months going from Airbnb to Airbnb up and down both the east and west coasts of FL to see what area most inspires and suits me. Checking out homes on the market all along the way. Should be an enlightening trip.
    4
  23898. You're absolutely right. A lot of people will need to move if they want a decent home. The other option is to earn more, and compete in the market. Buying a house in SoCal or NYC means competing with people who make hundreds of thousands of dollars per year, got help from their family, or bought years ago when properties were cheap. The job markets in these major industry hubs are great, but the housing cost is overvalued. Personal opinion is that the middle class economic boom in these areas is over, and now it's all about wealthy investment money. Everyone's situation is different, but it might be better to find a market that's not oversaturated.
    4
  23899. Thanks for doing this one, Michael. Let's me think my research is on the right track. Now I just have to decide what compromises I have to make to move back to the coast. I'm from coastal SC and I'm already outpriced here! Fl doesn't have the history & really isn't Southern...but it is warm!
    4
  23900. Denver is a beautiful place for sure, and shows at Red Rocks truly are some of the best you will ever see. That said, the homeless situation, cost of living (especially real estate) and draconian laws take away a lot of the appeal
    4
  23901. I’ve lived in Florida for 16 years and now California for 11 years and it’s for sure known Florida beaches are way better. We miss it so much thanks to all your previous videos we are moving from San Francisco to Miami in December. Thanks Michael 👍
    4
  23902. Such a beautiful cottage! It would be awesome to own. The only thing it's missing is a pool 🏊‍♀️ I wonder how much it's worth?
    4
  23903. Live right around provo and seeing tons of price cuts and properties sitting more than a mont on the market with price cuts.
    4
  23904. Ok, this one you touch on the taxes, it kills hard working Americans in Cali to watch ABOUT 40% of our income get taken. Cali taxes EVERYTHING.. Another great informative video Cali verses Florida.. THANK YOU..
    4
  23905. Yes!!
    4
  23906. Two questions: How’s Destin? I’ve heard good things. Secondly, best towns for surfers? Thanks brother!!!
    4
  23907. what if you are on some form of disability, you caan pay the rent but dont have job to show 3X income what do you do?
    4
  23908. We were down there 2 years ago visiting family in North Miami. They took us to the Hollywood Boardwalk and it was really nice, we liked the family atmosphere. We liked West Palm Beach as well , we would like to stay between there and Miami Beach.
    4
  23909. Hey Michael, I live in Naples. The last two afternoons around 2:00 pm it's been raining for an hour or so and drops the temps down to 75-77 degrees. I love this time of year! Keep up the good work!
    4
  23910. Great video Michael! Very timely. I do love South Beach though. ❤️ I would have to leave during Spring Break weeks lol
    4
  23911.  @MichaelBordenaro  Thanks! Hawaii is not livable any more and it can take decades to recover. Its just that thew weather is perfect. Florida weather is perfect in the winter but summer is not so perfect! But the trade off is not having to deal with snow storms in the winter! Thanks for getting back to me!
    4
  23912.  @MichaelBordenaro  I’m watching Nick, Micheal and “I’m allegedly “ then … go to the bank and remove my money from my accounts! I been in Argentina in 2001 I saw this movie in person
    4
  23913. Thanks for the video man! It’s crazy that you say the east coast is nicer than the west coast of Florida because(only from my experience and others I’ve talked to) the gulf coast is beautiful. White sand, emerald water. We normally stay in FWB area but this we we actually went to Siesta key and it was gorgeous. When I’ve visited Myrtle beach all the way down to Miami, the water has always been merky. I still love the east coast I just haven’t had great luck with the beaches I suppose lol
    4
  23914. Totally agreed with buying brand new build homes! I love it ! 😀
    4
  23915. Raiding Your retirement funds now is a bad move as You will spend the cash and it will be gone as if You leave it in Your fund You will have it later when You need it most.I have seen people make this Mistake and they were left with Nothing.
    4
  23916. One difference between this recession a 2008 is the loss of jobs and housing prices we didn't have the levels of business closings like we are now and then food cost this recession will be more extreme then 2008 and this will take longer to get back and now amercans will have to survive off less next you look at the socalled financial analyst who all seem to be clueless and their predictions are not even close....were not in a recession...but the level of dept owed is almost mind boggling from unpaid school loans, credit card dept...and upside down in housing and vehicle loans and it's all hitting at once and who's to blame it's a combination of several factors mostly done to amercans not doing what should have done like....why do people keep voting in the same useless politicians with the same old promises they make and when you look around this country and homeless...why...stop helping other countries and help amercan citizens thats there job
    4
  23917. Hey Michael, I'm a student but I've been interning in Asset Management, managing big real estate Poprtfolios. I can 100% verify that what you're saying is true. Here in Europe this has been going on for a while. Typically this is being done by large Asset Managers or mid size investors to increase the price of the asset. In many markets you basically buy in for a ratio, let's say 23 times annual rent. Thus Large portfolio/ asset managers like to give these 3 months off etc. as the on-paper (often high) rent after is being used to calculate the sell price.
    4
  23918. Good common sense on how not to use home equity. I hope people learn.
    4
  23919. yep i think our townhouse in Ft Lauderdale was like 50K back in the 80's
    4
  23920. First 😊
    4
  23921. Bought first home at 13% ,so 6% is relatively low still. however values were not overinflated at that time like today . Be careful with ARMs you need to look at the index and margins as well as the caps on rate over term. If you look at longer term ARMs such as 5/1 ARMs they wi typiclly have 5/2/5 caps , common index is the 1 year treasury, margins over that index usually 2.25 to 3.25. Sometimes a teaser rate looks good but if the margin is higher chances of larger rate increase is there. Refinance is not a guarantee , there are many factors , such as value ,versus balance . When you refi the maximum LTV based on FICO is at best 90% . Unless FHA or VA . A correction of 20% will wipe out your 20% down payment.
    4
  23922. Michael, if you keep on making Great videos like this one.....100k is just around the corner !! Thank you .........
    4
  23923. Remote work makes sense due primarily to the high cost of corporate real estate. It just makes sense for many occupations. Workers want flexibility & with the technology today it is very productive & efficient. People can move to more affordable locations.
    4
  23924. I purchased a fixed up 1950s Bungalow (new roof, new windows, new floors, updated small kitchen & bathroom) that is small at 720sq ft (I do have 2 porches that are screened) for $78k in May 2020 in Dade City FL. I also have a 100yo+ Live Oak in the front yard (I did have to spend $1500 last year having to do trimming on that & other Live Oak trees away from my house).
    4
  23925. $657 mortgage payment. Even if life throws me some nasty curveballs I can flip burgers & not lose it.
    4
  23926. I see channell is growing, did not see ur stuff for a while , good to see your numbers increase !
    4
  23927. I don't like the way that pelican Maddogged Michael I think it was a Goldman Sachs pelican.
    4
  23928. I got so excited seeing the two of you together in one video!
    4
  23929. Im not afraid, I've had such bad snowstorms up here, that it felt like a hurricane, so ill be fine! 👍
    4
  23930. I can see you & your Dad in the Wrigley Field Bleachers having a Beer & Hot Dog. Would make an interesting video. Plus a tour of Wrigley. If MLB allows it. Maybe just the neighborhood.
    4
  23931. Congratulations on three years of fantastic and helpful content!!
    4
  23932. Hi there. You seem like a great value human being. I moved here to Florida 7 months ago by following your videos. I've been waiting for the market to come down. I'm looking for land to buy to build house in Sarasota and Venice areas. Do you think lands will go down too or it's time to buy? Thank you for such a human like you. :)
    4
  23933. Buying a condo in a place like Miami is just asking for high prices but buying a house with property in a quiet town is entirely different. You can spend half as much and get much more.
    4
  23934. Veeery Interesting! Thank you. I am one of those who are watching and waiting.
    4
  23935. I would of lit one up perfect scene You really did it for Me !
    4
  23936. How affordable, I like to buy a one bedroom condo, thank you!
    4
  23937. plz dont make a video on passports. i enjoy channels that keep politics out of them we get enough politics everywhere else lol
    4
  23938. And this is why Blockchain technology will be mass adopted.
    4
  23939. Government wants us dependent on the power grid for everything. They already got rid of landlines so our phones depend on electricity. Now they want our cars dependent on it too so if the government doesn’t like something you’re doing they can cut your power and you’re completely helpless. Always keep your commodities diversified on different power sources, or better yet, learn to survive off grid.
    4
  23940. Michael,you provided so much valuable information not only in real estate, but also how to plan for future! I forwarded one of your videos to my children, and told them please review this 25 minutes video, it summarized/contained the knowledge I learned in my past 35 yrs working experience. Thanks you.🙏
    4
  23941. Thank you Michael! of course metro Atl is still high and I'm not leaving the South so I'm trying to be patient. Even S Ala is way high..Thank you again for Info and the views! 🏖
    4
  23942. The Fed needs to do their job, these lowball softball soft landing rate increases still result in 40 year high inflation. If a recession happens so be it and have the financial system correctly reset off the easy money bubble.
    4
  23943. This is how to figure out what the % decline will be, now that investors have slowed down buying every house they can get their hands on. What price would make it affordable for the REAL American at current mortgage rates… Definitely more than a 5% correction needed. 6 months ago I was losing every listing to 100k over bids here in OR. Now I am one of the ones going on a buying strike. Living rent free with family, saving more for a down payment. I WON’T buy until the fluff gains of the past year are gone. It is starting, minimal price reductions but many homes sitting weeks and weeks.
    4
  23944. wow, I love your walk an talk videos. keep them coming...oh, the prime 112 restaurant is worth the money
    4
  23945. I have never seen clouds that low it almost looks like they are on the water see the 6 minute mark .I have only seen the ocean once in my life , was in Florida when it happened. Been stuck in the Midwest all my life .
    4
  23946. Those new apartments will not be cheap bro
    4
  23947. Not everything closes at 9, I know a restaurant/bar in Spanish Springs is open until 2am
    4
  23948. Michael needs no introduction ;)
    4
  23949. I'm so glad I came across your video! I love the sound of the waves and I even yelled at you when you zoomed back as the manitea popped up for air. I'm working on moving out your way in the next yr or 2. I swear the ocean was calling me when you walked the beach. I enjoyed how you took your time walking around and take every thing in Thank you so much for the tour:)
    4
  23950. I'm guessing that the rocker in you led to your cool demeaner. Rock on my friend, and thank you for your insight.
    4
  23951. Not really familiar with the Miami market, but many of those flips in my area include a significant renovation. Was that the case with with the You Tuber's property? The gain may not be as high % as it appears. Renovation costs can be quite substantial. Great work as always
    4
  23952. Great job! It’s comforting listening to 2 very down to earth people in a city with so much superficial qualities and reputation. Keep the interviews with real people coming 👏🏾
    4
  23953.  @MichaelBordenaro  That’s great news. We are looking into relocating to Florida from Australia 🇦🇺. Looking for a great region that is close to nature and a bit elevated for the family. Great content. Keep up the great work.
    4
  23954. i'm in the phase of early retirement from past work and like you building my own income to survive on. Another great video!
    4
  23955. But they need to revamp capital gains tax and deduct out inflation (if not eliminate it all together).
    4
  23956. 💕💕💕💕✨
    4
  23957. 11:15 One the saving rates being the lowest since 2008. At first I was like is that adjusted for inflation? But thinking about it; if it was not adjusted for inflation that means we would have even less of a saving rate than 2008.
    4
  23958. no way is that St. Pete house worth $3,000 a month. I wouldnt give that 1 bathroom house $2,000 a month.
    4
  23959. As a person that's older I've noticed, people that purchase the most expensive house they can WILL reap bigger financial gains later. Buying a smaller affordable house means buying a older starter house in a run down neighborhood....that's not going to get any better. Trust me I've lived this life and it sucks. Being single i wasn't a part of the duel income group so i can't qualify for anything. Now with my house paid for...i still can't qualify for anything. My married friends 20 years ago bought the max their incomes would provide and now their houses are worth 1 million while mine is worth 260k. So i qualified for 80k in 1997, they qualified for 300k. If you do the numbers you'd see couples with exact same income always qualify higher than a single person making the same amount! But moral of the story is to not quite max out your house purchase, then sit back and gain 200-500 equity increases.
    4
  23960. All those puppies need a home 💞
    4
  23961. I need to for my sanity go back home ❤
    4
  23962. No one forces the home owner to sell at the amount being offered
    4
  23963. Rumor has it that in 2024 APR will be 12 to 15%
    4
  23964. Pittsburgh is pretty nice esp near that Carnegie Mellon campus.
    4
  23965. I would rather live in a RV then be a slave to high rent
    4
  23966.  @MichaelBordenaro  property values were artificially increased & propped up. NOW, insure that increased value ASSET. Record rises for every industry. Maybe a low rent cottage industry can start up, I’m sure FLA insurance has gone up after that condo collapse last year. It’s tragic.. maybe that will stop people from moving there.
    4
  23967. I didn't know about protein style In N out. Nice!
    4
  23968. Best of luck for Elizabeth! 😌she is in good hands with Michael’s consulting.🍀 I also don’t trust the rent with option to buy . I always thought there is a catch as far asGov’t getting involved that would be another way for Gov’t to spend your tax dollars in wrong places . Here in US there is programs such as ADU and WDU for those who need assistance to buy a home or to rent. Check it out!
    4
  23969. Michael, next time you go to PV, stop by Portuguese Bend if you haven't been there already. The views from there are amazing and great place to hike.
    4
  23970. You are aware that keeping us in a gold standard would have also hurt us in terms of economic expansions side?
    4
  23971. Beautiful houses! :)
    4
  23972. Michael the house are over priced because the realtor is thinking the market is still high and hot. They are unrealistic. The other gge sellers think the 2020 and 2021 prices are still in effect
    4
  23973. Definitely buying a house!
    4
  23974. im from new york thinking on moving to florida, palmetto how much would cost me there?
    4
  23975. Airbnb will take down millions of homeowners thinking they were going to get rich quick.
    4
  23976. i will buy only when the price is right and cash flow positive😂😂😂
    4
  23977. I work in insurance and have done health, life and property and casualty financial statements. Insurance companies can't go broke. The state insurance department would first attempt a reabilitation and only order a liquidation as a last resort. This has happened recently with companies selling long term care policies. Homeowners insurance is tough to write in Florida due to hurrocanes. Increasiing property values cause replacement costs to increase. Tbe scarcity of bjildong materials and labor needed to make repairs are two more difficulties that make underwroting challenging. I wonder how many Florida homes have natural gas, for cooking, hot water, dr,ing clothes and even the rare instances central heat is needed. I still want to go to Florida. No winter or income tax will always make Florida attractive.
    4
  23978. My hometown!
    4
  23979. "I'll never own one?" Who cares? At these prices, financing and taxes, plus obsscene insurance and stupid HOA, exactly what the hell makes me want to own a home? What the heck are the transactional costs to get in and then get out of one of these places? How long would I have to live, just to break even? This 65 year old has no intention of dying an indentured servant to the banks, slain on the altar of "home ownership". Those listings are just plain stupid.
    4
  23980. Qualification: "When the Fed pivots, that's when you know it's six months till [the rich finally feel] the recession [that the rest of us have already been enduring for more than a year.]"
    4
  23981. Good content again bravo ! I am not a big fan of condos but that is interesting anyway.
    4
  23982. Those are definitely fun facts. I had heard that about Jacksonville when I lived there, pretty mind blowing
    4
  23983.  @MichaelBordenaro  lol, nice dodging there ;) So in other words, these are not the best places to live, you just wanted geographical coverage.
    4
  23984. Thanks for sharing your knowledge! I do like Dave but I totally I agree with you in regards of getting house right now. Patience and knowledge is always required when you are making a HUGE LIFE DECISION
    4
  23985. Thanks!
    4
  23986. I lived in Sonoma County, California for most of my life until moving to Florida a couple of years ago. Like everybody else has mentioned, California used to be a great state to live in and I remember it as such. It was always kind of expensive, but back then, it felt like you were really getting what you paid for. That's not the case over the last 10 or so years. The state's gotten more expensive, taxes are through the roof, homelessness and wildfires dominate the state's headlines 24/7, and the politics there SUCK, and I'm being polite when I say that the politics suck there. I'd plan on moving out of California with family after I had graduated college a couple years back, but we made the move early due to the pandemic and being relegated to online learning. I thought it would've been difficult since California was my home for the longest time, but I can honestly say it turned out to be one of the best decisions of my life. The policies of the California during the early onset of the covid-19 pandemic was the final straw in my view. I enjoy the freedom here, the different things to do, I like that no matter where you go in any direction you can find great restaurants in a 5-mile radius, and I'm just a few short hours away from WDW. Plus, for me, I've found that employment opportunities are easier to get to and are far more accessible than California. Life is good, and I'm glad to live in a state that believes in individual freedom for real unlike California which claims to do so, but then imposes all of these restrictions on businesses to stay opened or stays locked down for way longer than it needed to. If I don't set foot in California again, I'd be fine with that.
    4
  23987. Great video… Destin is lovely.. much more my kind of area than Miami cuz I’m not a hot weather, beach person… I’m really curious about the Villages… my close friend who lives in Mount Dora talks about it often, so.. I’d like to see🙂… I’ll likely always be in the Northeast.. but l love seeing other areas and lifestyles.. I’d never have the cash to live in Destin….( champagne taste, beer wallet 🤣🤪)
    4
  23988. Does it matter if the seller is or isn't Amazon? The specific product I'm looking at is shipped from Amazon, so will it be safe??
    4
  23989. thanks for the truth
    4
  23990. Interesting... People in California are fighting to move out. And the data of people defecting supports this. And you're thinking about moving in. strong suggestion. you want milder weather just move to northern part of Florida. weather is much milder than south Florida and you still get milder weather and much better politics than cali!
    4
  23991. Great information. Thank you.
    4
  23992. Exactly! That's what I do when I visit Florida, I don't just spend in one spot there, I road trip around Florida. It fun so adventurous. That how you get know places and beaches.
    4
  23993. I never pulled a dime out of my house equity,ever.And don't plan to.Never bought my house as an investment,bought it for a place to store my stuff and a place to live.Paid it off years ago.Using your house as an ATM is plane stupid.Your 401k is only numbers on a statement,the amount is zero till you cash it out and pay taxes on it,that's if there is anything left.
    4
  23994. Beautiful area! Did you experience worse traffic in that area? I know Destin is just as bad as PCB..
    4
  23995. I am from Tennessee and have dreamed of living in Florida for about 10 years....I am just waiting 3 years for my daughter to graduate high school and then we are moving. I want to be close enough to do all the parks in Orlando often but not actually live in all the high trafficked areas. So, what are your thoughts on Lakeland, Florida or maybe Ocala, Florida? Thanks for sharing your knowledge with us!!
    4
  23996. When I was looking down th.ere a few years back most of what I saw was "under water".....I was looking at 300,000 for 200,000. I went back to NY and am now looking again and can pay cash. Hope that helps make it easier to find a place.
    4
  23997.  @MichaelBordenaro  My thought was to pay cash and not have a mortgage in my retirement. Probly will be my last home.
    4
  23998. 😁😁😁 Move to MIDWEST and Hope..
    4
  23999. When people are in the office, you can tell when they have nothing to do. They just walk around talking to others, take long lunches, etc. When they are at home you have no idea. Most jobs these days don't have a quota-type system, so it is tough to manage efficiency.
    4
  24000. I was in Huntington Beach for 2 days in 2018 in March. It was freezing, but l was shocked at the wide beach there and how windy it was. It was pretty but l much prefer Florida!
    4
  24001. Great content- the check info is very much appreciated, though I hardly ever use them- I will remember. Variety show tonight was enjoyable!
    4
  24002. If you keep saying "housing market crash happens" for YEARS, of course, it will happen some point.
    4
  24003. IMO 7548 will get sold at the market bottom for $800k in a year+. Its not worth $500k by the looks of it. Teardown.
    4
  24004. This was very nice.
    4
  24005. You knocked this presentation outta the park Michael. Very WELL BALANCED pros vs. cons. P.S. I found that using Avon Skin So Soft on my skin after my morning shower protects me from the noseeums as well as making my skin soft and supple 😉
    4
  24006. I've been binge-watching your videos for the last week and love your content. Thank You Michael. xo
    4
  24007. a sane governor, a sane political body, a free state, no state income tax, warm tropical weather, real estate values relatively lower than CA and NY. seriously, my wife and I are cocked and ready to escape CA and finally enjoy our lives in FL.
    4
  24008. Hello Michael, can you do a video about trusting the realtor home inspector or finding your own, and how do you find a good home inspector. Also talk about home insurance covering the roof, electrical, and plumbing. That would really be nice. Thank You, I love your videos.
    4
  24009. The collab is real with these two
    4
  24010. I agree We are facing a housing crash just like 2008
    4
  24011. Once again, You have out done yourself! Not only have you expanded from one point of view (property) you now have evolved. I think this is your 2nd best video, your best video was the last one! Keep up the good work. Honesty, true and reality!
    4
  24012. You are great. I wish you the best. I live in Wisconsin so I don't have that, problem is flooding and lightning.
    4
  24013. Mike … Zillow and Redfin and rocket mortgage and Westcor land and title and compass laid off people and Loan Depot too and Walmart
    4
  24014. What’s good Michael I didn’t know you were friends with Kevin and Michelle… Ps I don’t hate you or your channel but I hate Florida that’s why I left. But I own a rental property in Florida
    4
  24015. 2.7 million for a house that has constant airplane noise overhead?????? gosh, what a deal.
    4
  24016. To me it’s now worth less than $700k bc rates are much higher. The work to the house almost irrelevant to me.
    4
  24017. The property tax man cometh. The property tax bills are coming out and it isn't pretty. The average person is going to pay $50 to $100 more per month based on the new appraised value. I have to raise my rents another $200 per month based on the increases in taxes, insurance, and HOA dues. I have to pass it along to the tenants.
    4
  24018. Thanks for the Great Enlightenment, the livestream implosion would be interesting. My question is whose the investor's rebuilding this beach front in this economic implosion??
    4
  24019. I am a vet who currently lives and owns a beachfront home in Costa Rica. I am considering purchasing a vacation home in Naples. I can use my numerous veteran benefits in Florida, which unfortunately I cannot use in Costa Rica. Thanks for the insights into Florida costs.
    4
  24020. dont give up girl im getting my license as well and live in miami i have close friends who are doing it and make great sales you can do it too
    4
  24021. Any commenters have opinion on Florida vs Dallas Tx to raise kids in? Just curious
    4
  24022. HI! Have you been to Destin, Pensacola, Panama City area? The water looks great in Destin - clear blue! What are your thoughts? Thanks for the video!
    4
  24023. I was considering looking at a condo in a high rise on Hutchinson island (Martin county) and I don’t think I can do it now.
    4
  24024. Let us be truthful. "Inflation" is a backward statement for "constant currency devaluation". U.S.Dollars and ALL capitalist fiat currencies are rapidly losing value versus REAL goods and services. Monetary economic theory would describe this phenomenon as an over supply of currency. And so on.
    4
  24025. thank you......
    4
  24026. I’m starting to worry that 50 big ones won’t be enough for a down payment. Apartment for a few years unfortunately
    4
  24027. If FED don't raise rates then be prepare for hyperinflation!
    4
  24028. I think three days at the office is a good formula
    4
  24029. Whatever this is ots FRUSTRATING. Only shitty places are SLIGHTLY reducing. Illinois, Nebraska etc. Sacramento still starts at 600k$ and higher. Seattle is $700 for old old small homes.
    4
  24030. I bought my townhome for 188K 5 years ago, and now it is worth 400K. You forgot to mention that people that buy homes now will pay higher property taxes compared to residents that have homestead exemption and taxes are capped at a 3 percent increase each year. The difference bewteen property taxes neighbor to neighbor is huge as well.
    4
  24031. I am 58; Florida born and raised. The fact that the former Champlain South maintenance-man said the parking-garage would fill with several feet of water but then that water would drain-away in less than a day tells me the sand around the building was being washed away. Think about it. That's A LOT OF WATER MOVEMENT happening again & again over a period of YEARS. Think how easily sand is washed away by water and you'll realize that the "land" (although it's a complete joke to call SAND...LAND!!!!!) beneath the condo was simply... REMOVED! It's little wonder the building collapsed. It's only surprising it took as long as it did.
    4
  24032. Your Poor Wife then there's the Dogs..😝😝😝
    4
  24033. hi michael,if i use new paypal account,will it pending?because i am not eligible seller,usually i receive money always pending 21 days
    4
  24034. There is a very interesting take on the collapse saying that one of the factors may have been that so many of the units had full MARBLE stone floor and wall replacements and that the original weight bearing calculations were not allowing for such weight to be added in the future. So because the building is older it was updated in many units. So I believe that this could be an issue but as you say Michael the maintenance is key. If you buy a condo you really need to look at reserves on hand as let’s face it a hurricane could hit any building at any time and do major damage. There was also a two story building shut down because of maintenance issues. This building was neglected with all that water in the garage for too long. I think the building coding and inspections will change to prevent this happening again. So sad that many lives were lost in what was their own paradise. If the lifespan of property on the coast is to be shorter maybe high rises have seen their day already.
    4
  24035. One of your best Michael! Thank you ✌🏼❤️
    4
  24036. Hi Hazcat, Michael works just as hard as I do, so we do what’s fair for the both of us. We have been doing this for almost 14 years and are very happy with this system ☺️ Thanks for watching.🙏
    4
  24037. Thanks for the video. I found it very interesting because I'm a star gazer and I follow the space missions. Enjoyed the pretty flowers and the raw nature of the park. I found the deserted nature unnerving, as if something did go down there, people could go unfound for a long time. Little bit of suspense waiting to see what might pop out or appear before the camera. I notice the wife let you go down there by yourself LOL. Glad nothing happened and you probably know what to do if you see snakes and gators. What is the proper thing to do if you come across a gator in FL, do you run, back away slowly, make noise and get away? Read for the next video my friend.
    4
  24038. Me too.... now in the process of getting a job in Education Administration
    4
  24039. When I bought my home in 1982, interest rates were 12%. Thanks goodness it has been paid for. I can’t image that rate in todays times.
    4
  24040. This is exactly why I left California. I’m a nurse and was making very good money and it still wasn’t enough. Housing is overpriced, unaffordable, and too competitive. You said it right “foreign investors” are the people buying all the homes. This is exactly the situation in CA. Investors, particularly from China, just dropping money and sitting on the homes. Some of them send their children to live in the US with a nanny so they can attend school. It’s quite sad when you think about it.
    4
  24041. Michael right as I was listening your video, I was going through the Starbucks drive thru, got a latte and a breakfast sandwich, cost me a little over $10, so I paid with my debit card and now Starbucks has a feature where they give you the device to slide or tap your card, but right before that you are asked to tip, lol! It was kinda like tip ,or else😂
    4
  24042. Your videos are excellent. We are in transition from California & you capture so many of the major issues really well. We are moving to a house a very short walk to the beach, and I wonder if I will spend all my time there. I can bob around in warm water for hours, I have noticed. Thanks!
    4
  24043. With the Fed statement about even higher interest rates due to stubborn inflation numbers and low unemployment rate.If you live in Florida in cities where there is still demand, it’s going to be very expensive moving forward. If you can sell and make some profit from equity,think about moving to part of the country where there is more affordable housing, cheaper insurance costs,and lower crime rate.
    4
  24044. I'm in California and thinking of moving to Florida but the wages for my job are really low in Florida. It looks like a great place besides that.
    4
  24045. Just start paying real estate agents by hour! Buyers! Some will be shocked how much it will be total 😂
    4
  24046. Oh my gosh! What a beautiful place. Absolutely love all the houses. And to live on the beach. So perfect. Thanks for sharing. Really enjoyed the view.
    4
  24047. I have a 2.1% interest rate and NEVER plan on moving.
    4
  24048. like the house at 2:32 guessing it costs millions
    4
  24049. the problems are bigger in Europe than in the U.S. so enjoy the life under the sun in Florida
    4
  24050. Im originally from Orlando and currently live in South Florida. As soon as my son graduates high school, I’m outta here. Way too many people. I’d love to have land in Montana or Colorado.
    4
  24051. There’s similarities and also big differences between Miami and coastal Southern California like Malibu so they’re definitely not interchangeable but I’d say Miami is as close as you can get for the East Coast
    4
  24052. Heyyy Travis is with Michael welcome to Texas we do not live here but Welcome 🎉🎉❤❤ Great video Michael glad to see you Guys together in person!! 🍪🍮🍰🥧 Sweet hope you do a lot of videos while he is in town!!!! Yeah 🎉🎉
    4
  24053. No tips for Grandma on thanksgiving, she gotta open up that only fans account 🤣😂
    4
  24054. In comparison to California: 1. You’re required to have fire insurance. Hurricanes you can predict, fires you cannot. Unfortunately, fires are more abundant in Ca than some would think. 2. Rising because people coming from big cities like San Fran and LA are coming with a ton of money and driving up the market. Definitely pushed by the pandemic. 3. Bad skin and flakey hair from living in the desert of Ca (because no one can afford to live by that mediterranean climate, most live in dry valleys.) Great video! Excited to move back — 🤣🤣!
    4
  24055. The Rule of Two: Inflation is two times higher than they say it is. The announced number of jobs is two times the actual number of jobs. Owning a home is two times as expensive as most people think it is.
    4
  24056. Is your mom 6 ft tall?
    4
  24057. House house baby ^^
    4
  24058. Great camera
    4
  24059. So sad
    4
  24060. Thanks for the video Michael. Homes for sale have increased by a ton in the last couple of weeks here in Fort Myers. We do not have the job market of many other metros especially Miami. Fort Myers got crushed in 08, I just do not see a scenario where it doesn't happen again. People have the dream to live here but you must be able to sustain the lifestyle in our local economy. I wish I had a penny for everyone I've seen move here and leave within two years or less.
    4
  24061. Happy Monday MB. Great news from you again. I use cash as much as possible. I give myself a montly allowance to cover all my needs by cash (food, fuel, non-food, treats, etc.). I use credit cards for things that don't take cash but try to pre-pay bi-annually when ever possible. I don't like auto pay....too many scammers out there. My humble budget system has allowed my to remain debt free. I am just waiting and watching the housing market. I want to buy a small home in the future. I live in the SF Bay Area where rents reach the heavens but I budget, invest and spend time educating myself on the financials. This helps me to save and I am blessed to have a pension; but even with that I am cautious. Appreciate your channel and God bless you and yours 🙏.
    4
  24062. It's not going to come down because too many like me locked in on low rates. CENTURY low rates.
    4
  24063. I am a democrat and Florida seems to lack diversity. I want to live in a place with a Japanese or Korean population that is large like places in the west coast.
    4
  24064. Welcome to CA.
    4
  24065. Your videos have become a part of my daily routine. I always watch them when the wife and baby go to sleep and I do dishes before I head to bed. Good shit, keep them coming.
    4
  24066. I think employers are going to start paying people with their primary residence in mind. In other words, "you live in Alabama? Okay. I'm going to pay you an Alabama salary for your job." There is literally no reason for employers to keep paying those higher wages, especially as we move into a labor downturn.
    4
  24067. Me, from the Midwest, where "affordable" means an amazing house for $125K, or a huge 3bdr, 2ba apartment in a newer building for $1100/mo: I'll never be able to afford to move to FL. 😫
    4
  24068. Thanks Michael.. you are my best soundboard with solid abvice ❤️
    4
  24069. Did you leave a shitty reviews for that hotel on several review sites?
    4
  24070. I bet the HOA fees are going to be expensive.
    4
  24071. If those houses have increasing value every year then those could be good investment, but I doubt they will increase at all in the next 10 years.
    4
  24072. already seeing commercials for loan mod's, it's starting to look like 2008 again.
    4
  24073. Amazing love 💕 all great info will move few days after new year hit then I drive my car. Now in process giving Lots of things away and start over. I have lots family in Florida so best choice coming .
    4
  24074.  @MichaelBordenaro  Unions used to push wages higher. Most of the jobs taken away by NAFTA were union jobs. Even if you weren't in a union, you benefited from unionization because they set wage standards in the market and also used their political power to secure higher minimum wages. Minimum wage hasn't been increased since 2009 and it's because labor has no power. I'm slightly encouraged by the unionization efforts by Starbucks and Amazon. Love to see WalMart and Target workers do that, too.
    4
  24075. Margaret for President!
    4
  24076. You live a pretty charmed life, Michael!
    4
  24077. this one is so beautiful I mean Mike! what a surprise... I wanna be by a beach but this is pretty excellent. TY
    4
  24078. You are not ready for small kids😂
    4
  24079. I love your videos! This brought back some fun 2018 memories for me at Long Beach and Huntington Beach. Beautiful! ❤
    4
  24080. What would we do without you Michael? You're just the best, simply put.
    4
  24081. Nothing like an all-year warm weather state. Still think about moving to CA someday? 🌴
    4
  24082. This may or may not apply for those buying and selling investment properties.
    4
  24083. Good health too makes you 'rich'.
    4
  24084. Not one foreclosure in Tampa Bay area, just looked. Definitely seeing price reduction. Hopefully it continues. Ready to buy a house cash but want to wait for the bottom
    4
  24085. 2
    4
  24086. Michael and his earth tones :)
    4
  24087. Im struggling with that right now my wife is constantly home sick it drives me nuts, I hate the snow and I will never move back. Any advice?
    4
  24088. Another greet video! Can't wait to see more! What an interesting place :)
    4
  24089. South Beach also has the lion's share of the "regular" shopping and entertainment options like Macy's, Regal 17 Cinemas, big box stores like Marshall's, Michael's, Ross, Total Wine, Best Buy, Target, etc.
    4
  24090. Hi Mike N Lisi what a beautiful hike❤
    4
  24091. more overdevelopment in Florida is causing major water shortages...the local governments need to reign in the over agressive developers and say no to there mega projects that are destroying the beauty of Florida and causing water shortages
    4
  24092. One correction to this video that I think is important, the store isn’t actually extending you any credit when you go through with a BNPL transaction, it’s actually the bank that the BNPL company is using that is extending the credit. That’s why a lot of stores have moved over to this model because it’s essentially risk free to offer BNPL, all of the risk is on the banks
    4
  24093. Good video; not going to rush over
    4
  24094. Thanks for sharing Michael 👍🏻 One drawback is a lot of those states don't have a coast. We get cold winters up here in the North East. The shore is great during the summer though. Best on the East Coast outside Florida imo 🤙🏻
    4
  24095. It’s bad news if you bought in to the hype and are now holding the bag. But good news for everyone else. Hopefully some of these folks holding rental real estate and feeling the heat will do the smart thing and sell. Take the L and move on. But they will probably hold on to the bitter end and cry for a bail out.
    4
  24096. Awesome vids.I prefer this lifestyle to hipster areas in cities.
    4
  24097. That equity will be wiped out if you buy now. At least 20 to 30 % equity drop. Down-payment will not do you any good. Wait 3 to 5vyears & rent. You money goes away 1st. Don't listen to this advise. Just don't buy
    4
  24098. Hi Michael, would it be possible to get into a live call with you and talk about real estate and Florida. I would really appreciate it if you could. Thanks
    4
  24099. Michael, what's your opinion on investing in gentrifying neighborhoods? DO you think its a good idea??
    4
  24100. Amazing pier and that water...gorgeous!
    4
  24101. Love it!! St augustine is beautiful 😍
    4
  24102. Bad hair days? I never comb my hair.
    4
  24103. Don't forget to mention the Trump crime family.
    4
  24104. please do a review on the greater NYC metro area (NY, NJ, and parts of CT.)
    4
  24105. Please give us an update since March it's now September the 20th 2020 what's going on
    4
  24106. Hi Michael! Another great video! My wife and I are moving to Southern Broward County. Considering Southern Ft. Lauderdale, Hollywood, Dania Beach, Hallendale Beach. Do you know of any experienced Rental Agents who can help us find place? We'll be booking a call to discuss things with you shortly 😊
    4
  24107. What States and or Cities are the most affordable? Prices (Mortgage Pmt) + Insurance + Property Taxes.
    4
  24108. Naples has my heart i love it
    4
  24109. I can’t deal with the traffic in an Uber let alone driving the car myself. 😂
    4
  24110. Great video Michael. Thanks for posting. I do believe we are going to see a major correction soon throughout the country!
    4
  24111. They would never help small businesses because that would go against what they are for. They hate it when people work for themselves. Hater to control those folks.
    4
  24112. I'm retired now for a year and a half and made it a point to go into retirement with no mortgage. Left San Diego for Florida, paid off my condo mortgage and bought a house mortgage free.
    4
  24113. Educate the masses that PROPERTY TAXES will fuck them and you over. Your value of your home go up, your property mandatory tax goes up UPPER.
    4
  24114. My beef, no view of anything, just a building next door is what I saw ...I would be major depressed living there
    4
  24115. All my credit cards are paid… however, I have a HELOC that is killing me! Good news, I have a ton of equity on my investment property and when the rate dips I’m going to refi the HELOC into the mortgage and have the renters pay for it. 🤞🤞🤞
    4
  24116. Hahaha. Thank you Michael. The sharing of this great city is so nice. And It is 🌞 sunny and warm. But thanks again.
    4
  24117. I moved from Florida to sunny South Africa. The American dollar here is worth over 15 South Africa Rands, so that's a big plus. I've been here many years now and do enjoy it. Later on.... depending on how things go we might end up moving back to Central Florida. I love the chain of lakes... in WinterHaven... awesome!!!
    4
  24118. It feels like a miracle but I am hoping for.
    4
  24119. You're speaking truths as usual, Michael. All sectors are pointing to a recession, and recession will create all kinds of sell off in real estate, when people move back to wherever they came from.
    4
  24120. I enjoyed the video. I usually go to sunny isles beach. You are 100% right about the water on the west coast of florida, it is much warmer, However, i do enjoy that area more than south florida.
    4
  24121. You are so dead on with your comments. The government created a problem and are now creating more problems in an attempt to solve the original problem that they created. Are these elected officials really this incompetent? This is not a rhetorical question. I rea!ly want to know.
    4
  24122. You made the right decision. It is worth at least double in todays Miami Beach market. Even if RE has a downturn you will be fine. We just left Coconut Grove. Stayed overnight and in Delray all week. Also, visited friends in Port St Lucie 55+ developments. Some “boxes’ are going for close to $1M Surefire formula for underwater mortgages and depreciation in future. Prices are way out of control down here.There will be a crash eventually but you’ll be safe. Enjoy your new home. Always buy the least expensive home in Beverly Hills!
    4
  24123. I love traveling with you. It's always a super nice experience and I feel like I've been somewhere new. Thank you!
    4
  24124. 2 of my favorite YouTubers 👏👏
    4
  24125. Would you do a similar video on the Gulf side?
    4
  24126. A nice video. I like Florida. I’ve been there a lot all over. It now looks like I might be moving to NC soon. It has everything between the mountains, ocean access and conservatism plus much more. Interesting how prices go up fast but wages and salaries usually stay out. A weird thing how that happens. 👌🏻
    4
  24127. The Fed knows what is going on. Buying more MBSs and treasuries will help out the big banks more than regular people in a recession.
    4
  24128. Let us call it, "Decession!"
    4
  24129. Great video, I am curious what you think of Jacksonville if you have been there. Planning to relocate and have not found anyone familiar with the area. Looking forward for more videos. Thanks
    4
  24130. I live in Jacksonville and I know it gets a thumbs down from some folks. I have to say that will be the case just about anywhere so do keep that in mind. I enjoyed this video with honest, firsthand knowledge of much of Florida. But I also wouldn't agree to all of Michael's opinions. I would never live in Orlando, Tampa, or anywhere near Miami. Then again, I'm a few years older than he is so I'm not going for night life. If you're still looking to give Jax a shot, stick with Mandarin. It's clean, safest, quiet, and affordable. Our house value doubled in just 3 years. Avoid Northside, Westside, and Arlington. Good luck.
    4
  24131. Exactly! Some people have selective reading as well as hearing. Sad. I think you did great on the video. You stated right off the bat that these picks are YOUR opinions and you don't know every city. On a similar note, it annoys me to no end reading statements from others that have no idea or just generalize. I'm sure you've seen it. We've all seen it. I hear this: 'I could never live in Florida because of the love bugs' or because of the hurricanes or humidity. Jacksonville hasn't been hit by a hurricane in over 8 decades. I live inland, NOT in a flood zone. The humidity allows you to breathe. Try Dallas/Fort Worth in July when it's triple digits daily and stepping outside feels like you stuck your face into a 400° oven, you can't breathe. It's suffocating. I lived there 30 years. But I don't hate Texas. I'm convinced a person hates an entire city, county, or state simply based on a bad area. I love Chicago but I know what parts to avoid. It's not fair to generalize and assume. Anyway, rock on, Michael.
    4
  24132. What do you think about the coral gables area
    4
  24133. The FL market is crazy, the condo I bought was only on the market for one day. I had to compete with 8 other offers (delray beach)
    4
  24134.  @MichaelBordenaro  omg..right...same here. They have one joker on at night driving the golf cart around to find a good spot to nap or play on their phone. Yeah. I plan to snap pic next time and send it to the office.
    4
  24135. ...and the bugs.....they don't screen in the pools to keep leaves out...
    4
  24136. Congratulations on making it to California! I loved walking those Mountains and it does wear you out, but the Views are worth it indeed. Cant get that in MS lol ! They have one in Palm Springs, CA..called Palm Springs Aerial Tramway! It takes you on a Tram to the top too! I was blown away i stood at the top of the mountain for an hour before descending back down.
    4
  24137. If you hate traffic, you'll hate south Florida. Anything south of West Palm is awful for traffic.
    4
  24138. Hey man, I've been watching your videos recently and it's clear that you're a genuine, good-hearted person. Keep doing what you're doing (because it's great!) and I think your channel will grow a lot. Comment trolls will always be around, but most of us are here because we really like what you're uploading, and we've got your back!
    4
  24139. Things are too expensive because the law abiding individual cannot legally print enough money on their own to pay for whatever they need whereas the FED/GOVT can print extremely fast whenever they so chose to pay off whoever they need to pay off. They quit printing, everything collapses. That tells you a sitting pile of cash is quickly eroding in terms of what you can buy with it in the future.
    4
  24140. I'm watching again, since the dog is glued to the screen! I think that for now, we'll vacation in the NMB area, but if I buy a second home as part of my updated 5 year plan, it will probably be Anna Maria Island. I'd love to see a dedicated video on that area!
    4
  24141. As always great video, useful tips. Thanks.
    4
  24142. A tennis court at last.
    4
  24143. Love this ♥️ you did so good Kim 😘
    4
  24144. HOA's and insurance costs took me out of the market, I just can't in good conscience pay that much!
    4
  24145. Good video. This time of the year new Smyrna is a place of extremes. Quiet during the week and overwhelmed on the weekends. Most of the locals prefer the quiet time during the week! I am surprised the Marriott rate during the week is $400. On weekends yes. I agree it is outrageous.
    4
  24146. Don’t mean for that to sound like I’m questioning what are you Said about the price. These days nothing would surprise me!
    4
  24147. Yes that bird did sound Mad ! Yes it’s a good idea to stay and enjoy the adventure for us . So glad to hear that people are there . every where you go. Hi Lizzie . 💕💕💕💕💕
    4
  24148. Just moved across the country to Miami (Brickell to be exact) and I just got here Wednesday. I had never been here before. If you would ever want to meet up and shoot some videos I’d love to help!
    4
  24149. I live in a tornado area, plus in a condo you have to carry a condo liability coverage policy. What if a hurricane totals your house 2-3 years into “self-insuring”?
    4
  24150. Michael it will all crash. I’m old enough to have been through many peaks and crashes. Don’t know how we seem to always buy high. That’s the way it’s always been. I’m glad you are so passionate about it. People are liquefying and investing in properties because they are afraid of a bail in. That’s when the government takes control of your money. They take over the banks. Furthermore, investing in the stock market right now when stock prices are being manipulated is no longer an asset. It’s an asset to Wall Street. Mortgages are also not an asset but it’s an asset to the banks. The portfolio that shows mortgaged properties and stocks and bonds are no longer the individuals’ assets. They are assets for the banks and Wall Street. It’s money going out of the people’s pocket and going into the banks and Wall Street. So people that have cash are investing in something that makes you money coming in, like real estate that you can rent to people. I don’t know how you can say “something has to be done.” By who? Something is being done. Thank God people are liquefying their stocks and buying property. Thank God people that had to go on forbearance are having an opportunity to sell their home instead of foreclosure. Dude, people need to get a backbone. Our great grandparents or grandparents saved every penny for a down payment to buy a home when interests rates were 16%. They did not eat out, or cried and moan having to carry several jobs, raise kids and go to college at the same time. They managed to get a home. We will always be able to do that. Please don’t wait for the government to do something. The government Should not get further involved in our real estate. Dude that’s walking into communism. I’m confused as to why you think everyone should be able to buy an affordable home. That’s not how it works, BUT the opportunity is there if you want to be able to ever buy a home you can. Just have to work hard. Move to a different place. Learn new skills. There is equality of opportunity in the USA. You want equality of outcome. That is not the American way!
    4
  24151. You make good points Michael going on vacation is not always fun when you are going non-stop. Wait till you have kids!
    4
  24152. Hahahaha... I laughed when you talked about how long you are going to spend your day.. I hear you for the one hour if ok maybe 1 hour and half of work for the day!!! I like the living room with the balcony that has really nice views. The inter coastal and of the ocean. The bedroom with the ensuite that has the double sink is nice. So, there is the second guest bathroom as well? Nice...I do like the kitchen with the frig and dish washer. The stove is nice for clients how like electric top stove cooking. That is a nice condo/apartment and thank you for the tour.
    4
  24153. Thank. And you are welcome from our cold/cool no snow so far Chicago today.
    4
  24154. In my area back in the 2000s you could find a rundown townhouse, 3 bedroom, working water and electricity for less than 50k! That same townhouse now runs for 250k+! Wages haven't changed much since those years either. Minimum wage should be 25 dollars an hour now because of housing crisis.
    4
  24155. Michael Bordenaro For President! Running on the Republican ticket. Just act being a devout Christian, wear a shirt with tie and jacket and Bordenaro would certainly win. Cleaning the mess with common sense!
    4
  24156. We all have to be realistic about our financial capacity. If you make $1 million a year but spend $1.1 million you will ALWAYS BE BROKE! We know things get tight sometimes, but you have to be cognizant of your position before you get yourself into A LOT of trouble! Great video!
    4
  24157. I hear there are no jobs in St. Augustine. Also maybe you need to suggest Cape Coral? Great stats for Cape Coral online- jobs, safety, school, housing.. etc
    4
  24158. Time to hunker down
    4
  24159. I have been to Tampa/St. Petersburg before and loved the area. However, after watching your video about sink holes and then looking into it further, I have scratched that area off my list. With all the good things you've said about Miami, I am now a bit obsessed with the area of Haulover Inlet/Bal Harbour. I like boats, and found a small condo (481 sf) close enough to the inlet to have a view of it from the balcony. I think the price (280K) on that condo may come down in the future, so I am going to keep an eye the area. (Edit: I just looked at the condo again on Zillow and it's sale is pending!)
    4
  24160. Nice to meet your father , I'm feeling him as a parent but its more tough when you are away from your parents and empty nested. I cried with your father as he was Still sad since you left and his parents passed away at the same time. , fortunately he has another son and a daughter and your mom close by. I'm very glad that you has come back home to visit your parents, I can imagine how glad they are. Enjoy your time and thank you for this SPECIAL video.🙏🥰👏💌kisses and HUGS all the way from Canada 💐💐💐
    4
  24161. Film the sandbar parties on the weekend
    4
  24162. I know of a realtor in Florida who had an immigrant client from a poor country in the middle east who was purchasing a home and received $400,000 from the US government, cash, to buy their home.
    4
  24163. Gorgeous homes and great advice. TY
    4
  24164. People are better off not eating fast food, it's not healthy. Watched Powell today, don't see rate cuts anytime soon. Happy Birthday Lisi!!! Thanks Michael, Happy Wednesday you two! Enjoy!
    4
  24165. How much money do you have to make in order to justify taking a 100k loss ?
    4
  24166. WOW ... this is Big News.
    4
  24167. What do you think about Re:venture consulting? He's giving youtube a break for various reasons given. I found you through the episode with both of you sharing views.
    4
  24168. Nicely done video, great job on the guitar man!
    4
  24169. Some bars and restaurants are open until midnight.
    4
  24170. Okay, the stock market has rallied on higher interest rates, so why would they lower rates? They will lower them once unemployment rises and the stock market starts to crash and then the recession.
    4
  24171. A simple CD, Certificate of Deposit, was a very good investment in the 70s and 80s when the interest rates were very high.
    4
  24172. From what I read searching about those 'bonuses' it appears these people were given an ADVANCE on future commissions -- it was NOT a 'bonus' for moving from their previous employer to this company. READ the fine print. PLUS - make sure nothing is in your name - because they can sue all they want, but IF your name is not on anything - then - it will be challenging to get the money. They will get a judgement, and that will affect your credit score. But, the sheriff can not go to the bank or take your car because they are in living trusts that are NOT in your name.
    4
  24173. Even if interest rates go back down it still will reach a point where the housing bubble will burst, and of course inflation will not help.
    4
  24174. Well done! San Diego just got to Daytona😍😊
    4
  24175. Ah, so you are to blame! bwahahaha
    4
  24176. The Fed is a private bank owned by 12 banking families most of which are European. The Fed is not a government institution, it is a private bank that controls the monetary policy for the USA, which is a violation of the US Constitution. All countries worldwide are bankrupt because of corrupt borrowing practices by governments. All countries can create money at zero interest but don't and borrow at substantial interest from private banks (i.e., the Federal Reserve Bank). In Canada, Justin Trudeau has borrowed more money from private banks than all previous Canadian Prime Ministers combined since 1867. Debt borrowed on behalf of citizens can never be repaid.
    4
  24177. Condo. Trailer park. Explain the difference! You don’t own the land ?
    4
  24178. The more I watch your reports, the more I appreciate your presentation. Thanks
    4
  24179. I like the way that neighborhood looks. Looks affordable for blue collar folks.
    4
  24180. A cup haha
    4
  24181. Cape coral and fort Myers. Beautiful places to live.. I have been there a couple of times and I love it
    4
  24182. Cool video. I visit every month or two. Beautiful history and plenty to see and do. Although, I never see anyone ever mention the many pandhandlers on st George street and throughout the downtown area. Seems to be getting worse as time goes on. Unfortunately, Does take away form the experience a bit.
    4
  24183. I could never get use to the boring flatland the heat and humidity in Florida . California all the way . But in the last twenty five years I have been living in New York . My only problem with California is the cost of living .
    4
  24184. Interest on a 40 year loan 😂 ouch. 30 is bad enough!
    4
  24185. The best place is Ocala far away from hurricane, I moved to Ocala nineteen years ago and love it safe and clean so folks think about it come and join me
    4
  24186. Good information... So far this year in 2021.... We have had an increase in shootings & murders.
    4
  24187. Check out Sarasota and Siesta Key🤟
    4
  24188. I'm seeing for sale signs everywhere in my neighborhood. I'm sure the local agents have told their selling clients that it's now or never. FOMO is taking over, this time on the way down.
    4
  24189. What's your thoughts on tax deeds at this time? Should I jump on them or wait out the market and save money for low cost foreclosures?
    4
  24190. Yes very expensive to own this one! Got mine 2 beds 2 baths on Alton@13th on 3rd floor for $290k and $516 ASO/MO and even if ASO are always too much, I do like the place and the neighborhood!
    4
  24191. Moved to Gainesville from Michigan 2 years ago. All the reasons plus many more. Michigan is a dying state and so is a lot of the Midwest. There is no growth, weather is terrible, and there is absolutely nothing to do other than gossip. Here in Florida I enjoy the simplicity and enjoyment of life way more than I ever did in Michigan. As a side note, me and my fiance decided to move here after taking a 6month road trip around the east coast and Midwest, and Florida was easily the best to live in compared to all the other states.
    4
  24192. If I may jump in the comments, I must say that Mike is an introverted person, if he were to be the outgoing kind of a guy who enjoys meeting people all the time, go out for happy hours, always follow up with his clients, always advertises himself and passing his business card to strangers that he just bumped into to and had a small talk, then maybe he could have gotten successful in less then 3 years. But, that’s not his personality so I have to say that I am very impressed with how far he’s got and how successful he is by not being out there and just being himself. So...if you have what it takes, I am sure it won’t take almost 4 months for you to strike your first real estate deal, and get ahead faster.👍 Check out this video he made a while ago if you haven’t.😉👇 https://youtu.be/L5yBs4pzXCA
    4
  24193. Your video is very informative! But if death comes in a high rise, sickness, or car accident,or etc, know JESUS CHRIST as your personal Lord and savior! Your eternity when you die is FOREVER! You will either go with the Lord JESUS CHRIST or you will be in hell, that is why he died on the cross! Get saved and live! 🙏🏻❤️
    4
  24194. Would air quality be another reason to move to Florida?
    4
  24195. My 2 favorite truth tellers
    4
  24196. Your realtor is so important ...I was a very respected real estate appraiser for 35 yrs; the seasoned realtors would meet me with a copy of the deed, recent tax bill and even COMPARABLE Sales to justify the sales price; those realtors went to the top of the list; then you had others who showed up with nothing...duh. They were the loudest when I did not agree with the value( well supported and doing the buyer a huge favor) saving the buyer thousand in dollars. Michael would be an excellent broker
    4
  24197. In the first quarter of 2023 unemployment is going to affect everything
    4
  24198. Love the walking tours! Thanks for these!
    4
  24199. Man I'm missing that place, Miami Beach ⛱😎🏝 Florida
    4
  24200.  @MichaelBordenaro  Yes sir!!!!
    4
  24201. You must have read my mind. Thank you for this video!
    4
  24202. Beautiful video! I’ll have to check this place out!
    4
  24203. Cool video once again, moral of the story, only show the sunny ☀️ cool 😎 side of Florida, mention the bad weather only for the sellers that wanna leave ... lol
    4
  24204.  @MichaelBordenaro  I lived in Florida 40+ years and currently live in Virginia, and my car insurance is half the rate I was paying in Florida.
    4
  24205. Super video, I plan to move, but as a european it is not that easy, but I am on it! :)
    4
  24206. People lining up at open houses in Connecticut is mind boggling!
    4
  24207. My agent was a pushy personality lol
    4
  24208. I never got a chance to my friend, while mostly I never thought of it, I have been to Clearwater and Tarpon Springs. It seems I have skip it by mistake. Lol.
    4
  24209. I agree Michael..I cut the cord years ago..how many times can you watch Fast and Furious, Marvel and The Hobbit movies and pay 150 bucks or more a month?
    4
  24210. Wonderful analysis for many of us. Thank you.
    4
  24211. Excellent video. I can’t wait to move to FL
    4
  24212. Commercial property defaults will be the next upcoming headwind. Costar's stock today after hours plummeted due to negative guidance. No sane person will touch commercial and large multifamily for many years until prices decline substantially. They have to refi their properties periodically and many will give these buildings back to their lender.
    4
  24213. Thanks Michael 👍
    4
  24214. what about St. Augustine, like buy a single fam home, I see some just under $200k to live in and also cash investment
    4
  24215. James Knight. 1. Orlando 2. Tampa 3. Siesta Key.
    4
  24216. Not much privacy for the homeowners on the strand 🤔🤔
    4
  24217. Not sure what's more laughable the seller that tells their realtor there home is worth 150k more than it is or the buyer that asks their realtor if the house that is 150k overpriced is a good investment...at a certain point you have to stop blaming realtors we don't control anything we just hoping someone buys our listings and our buyers decide to write on literally any house....our business is the same as any other business no one works for free well except realtors a lot of the time....
    4
  24218. Ty for the video I live in Lake Placid with my brother, looking to buy something soon. I think I found the best area for us but I miss the beach and people it's very quiet here. See you at the beach❤🌌
    4
  24219. Thank you, Michael, for unbiased presentation! The unit feels space constrained and the layout is good for a rock climbing enthusiast.
    4
  24220. I want what Mr. Habib is smoking. The Fed doesn't expect the inflation to drop much lower until mid 2024. Don't be surprised if it actually go up a little. Great Job
    4
  24221. Economy and stock market crash around every 12 to 15 years. They clean out a lot of retirement funds.
    4
  24222. Very good advice..Do the homework before you invest. .I agree the remote woke are in for a big surprise. Soon companies it they do not demand office time there going to reduce remote workers pay. That is common sense. A company is not going to continue to pay NYC salaries for remote workers in Florida....Plus remote worker no not have stable business networking . They are inviting along of competition to under cut them.
    4
  24223. I checked Zillow see on under $200K on port St Joe, Panama City beach, nothing on list market, Milton not many list choose, and Cape Coral too
    4
  24224. Mike....What's your In-N-Out review?
    4
  24225. thank you.... Good advice..
    4
  24226. In the Socialist Netherlands ( Joke) the government will subsedise normal private households to keep energy Bills affordable. In Dutch: prijsplafond ( price ceiling). If the price gets above this ceiling the government will pay the rest. For our terrace house with 3 bedrooms next year my bill for natural gas and electricity will not exceed the 200€ a month together. This subsidies start as from 1. Januari 2023 for the entire year. This year we received A net amount of 190€ in november and december to compensate for high energy costs. Living in the Nethetlands about 25km from the German border it is again striking how different both countries are. In the Netherlands you can get A 100% mortgage, impossible in Germany. In Germany you need A 20% downpayment . And in the Netherlands you can deduct the interest you pay on A mortgage from your taxes. In real life this krans you get 37.1% of your paid interest back from the Dutch tax service each year in may. Hypotheek rente aftrek in Dutch. Mortgage interest deduction would be the precise translation. You do not have this in Germany.
    4
  24227. thats messed up
    4
  24228. Yes, I would consider moving to Surfside, Florida. Another great video Michael!
    4
  24229. Q: What's "classy" if you're rich and "trashy" if you're poor? A: Taking money from the government.
    4
  24230. Nice video Michael, I am watching from Sweden.
    4
  24231. Very educational ! Best !
    4
  24232. Thank you for the great video. The only way to make it so Rich get taxed the same as everyone else is we throw out the US Tax code and have a flat tax of 15% on everyone dollar made over that of a salary on minimum wage so. Everyone who makes over 44k a year has to pay 15% on each dollar made above 44k. And all companies are taxed at 15%. All long and short capital gains are taxed at 15% too. You cannot depreciate assets either to bring down your income either.
    4
  24233. Hiii!!!🤗 Thank you so much!!😘🙏☺️
    4
  24234. Nice outside video! So we all can see different neighbourhoods...we wish you’ll keep doing it like this...thank you for all your hardwork trying to educate us in real estate field..🤩🙏🥰
    4
  24235. If you're on a small budget, is it better to buy a medium size old house or to buy a lot and then build a new yet small house on it?
    4
  24236. We have a $375,000 house and pay $8000 a year for property taxes in Plymouth Ma.
    4
  24237. I would be scared to go to sleep at night for awhile. Thx for making this video. I think we all needed to talk about it and then move forward. Life does not make sense sometimes. I cannot even imagine if I had a relative there or close friend and just waiting. Kudos to the heroes on scene.
    4
  24238. SO basically I am never going to be able to afford a house unless I go to live in the desert :')
    4
  24239. the marines are looking for a few good men and women they will even take you if you are broke.
    4
  24240. I have the opposite affliction - I LOVE winter ❄️, cold, and cloudy days. I may be asked to move to Florida and I can't even imagine relentless sun and heat. Sounds like total hell 😥
    4
  24241. Below the median home price or not at 300k. Those homes still look like luxury to me. Just waiting for a 30% decrease in the lower end market which doesnt seem to be happening. Idk if it will or not. Something weird is happening to them tho because ill see a existing home for 250k 1250 sq feet but was built in 1990 yet a brand new 2023 home same size and bedroom yet is like 240k.... Just wondering what the heck is happening in the lower end market.
    4
  24242. Ah man Cali is full of homeless people! Florida is the best state I have ever seen in America
    4
  24243. I just pulled out of an accepted cash offer under $200k in a bad neighborhood in St. Pete. This would have appreciated, I'm sure. But who cares if its the hood and you won't feel safe living there?!
    4
  24244.  @MichaelBordenaro  yes, no regrets.
    4
  24245. 1st!
    4
  24246. My aunt and cousins live in the Tampa area. They all have nice homes. I have heard that Tampa is an affordable area in Florida, but I would imagine all of the coastal Florida towns are getting expensive though. Great video! I would love to hear about any Florida towns and cities that you would like to talk about. Always interested in Florida’s real estate and communities.
    4
  24247. Great video. And spot on with the dating apps 💯💯 the instant gratification and endless swiping has really changed people. There’s an illusion of infinite choices so people are quick to discard each other. I value in person connection. I’ve been single for a few years now! Maybe I’ll have luck in 2021 lol
    4
  24248. You would probably like Balboa Island over there The weather does not get that hot all year
    4
  24249. Sorry about that, so please how did you deliver/transfer the website to the buyer after selling it? Thank!
    4
  24250. Love your videos. But one thing, you never made an update, on your red Camaro situation. Do still own that car?
    4
  24251. Millions of people love Florida and are moving there, especially New Yorkers.
    4
  24252. Michael Bordenaro True!! I guess it’s a perspective really, my body can’t handle anything below 65 😂 so I’ll take anything else than winter hahah! Thanks for the response 🙏🏼
    4
  24253. After hurricane Andrew we had no power for two months. That was the time I first experimented with wood gas to run a generator. In Leisure City Andrew hit hard but not one of the concrete roof homes was destroyed.
    4
  24254. Another excellent i formative video....thanks
    4
  24255. Great video. Let me just say this. I have a 4 year finance degree. And i will do anything not to ever work again for anyone else.ever.
    4
  24256. Excellent video. Nice articulate style and content. Thank you!
    4
  24257. Greetings from Central America. I enjoy your segments! Tank tops, shorts, flip-flops, and sunglasses are also my daily wardrobe! I had a business meeting this morning, and had to wear socks and shoes, what a strange feeling!
    4
  24258. Rent for restaurants in Florida are more expensive because of higher property taxes than California. That might change though in the future because the CA legislature is trying to repeal Prop 13 which is a law that was passed back in the 70s that puts a cap on property taxes.
    4
  24259. So what has caused re ts to go down? People still need a place to live that cant afford homes...where are the renters going?
    4
  24260. LOL dont worry, the fed will inflate the bubble soon as they slap a masking tape patch on it, Ride that wave to the next top and cash out.
    4
  24261. The Canadian tenant you are talking about , this is not the first time these individuals are doing the thing . CBC ( Canadian Broadcasting Corporation ) reported about these individuals earlier about pulling the same scam. Canadian law flawed both ways. Tenants can live without paying rent for a long time and Landlords can evict tenants anytime by saying that they are going to renovate the property ( Renovocation) or simply saying that the owner wanted to move in . Then they rent the property for high rent. Very good unbiased research videos . Thank you.
    4
  24262. It seems like some mainstream media are starting to get a bit real. Even though they are far from the mark. Fortune posted, "These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits"
    4
  24263. Want affordable housing? Make more manufactured housing. It costs a third of stick-built homes. Politics/Legal reasons prevent those homes from being built.
    4
  24264. Sad state of affairs
    4
  24265. Don't forget 2008 crash, alot of money was lost
    4
  24266. Very pretty area where you grew up. Do your parents still live there or near Belvedere?
    4
  24267. I've been to St Pete Beach and Fort Lauderdale several times. I can't get enough. I would live in either. I recommend a visit to everyone
    4
  24268. I will watch whatever you post.
    4
  24269. YES on the car insurance! I was paying 692. Now 1096! Every 6 mos. I have safe driver on license and same safe record- no claims. I’m waiting to see the condo insurance in December Can u do a video on insurance? Exactly- discussing what you need to really have ,to be safe? I saw if I cut different things off the premium goes down- it kinda told me- Don’t give up the coverage for a few hundred less in premiums
    4
  24270. St Augustine definitely the BEST!!! I currently live there after living in different areas of South Florida. The beach is not as blue as the ones in SF though but everything else is the BEST!!! ❤️❤️❤️
    4
  24271. I find it hard to believe that someone wouldn't know they are required to have home insurance if they have a mortgage on their house. Its also the same with a car loan and most people have car loans. For me, I've always bought second hand cars paid cash and depending on how much the car was worth, had minimal insurance and basically drive them until the wheels fall off. Also if people didn't know, you're not obligated to buy insurance for a motorcycle if you pay cash. I've always had a motorcycle as a second vehicle so in case my car broke down I had some sort of transportation. Plus a motorcycle gets 60mpg has less maintenance cost than a car, so I was able to keep my cars for longer and put less miles on them saving even more money. Now after many years of scrimping and saving I'm able to have real estate debt free and self insure. It works for me since I basically buy run down houses and rehab them, so anything that could go wrong I could repair it myself and have the cash to make those repairs since I save 2/3rd's the price since I don't have to hire anyone. Years ago I got quoted $11,000 for a new roof on one of my property's. I was able to do it myself for about $3500 and I got the next wind rating increased above code because it only cost $3 per bundle, while the contractor wanted to charge me thousands for the upgrade. I was fortunate to work as a teen for my dad who was a house builder, so no only was I earning money that I saved up and used as a downpayment for my first house, I was able to learn a trade that became useful. Not only that I enjoy doing it. There comes a sense of self fulfillment working hard to make an ugly old house look nice AND get paid for the rest of my life as a rental! Win win win!
    4
  24272. you need a credit of score 620 or more
    4
  24273. Another good video for people trying to sort out where to live and what to be aware of. Also, my understanding is that if you wish to move a mobile home, it can undermine the stability of the home, and it may not be insurable. If that is true, then moving a mobile home could be a huge problem for the owner.
    4
  24274. Pay your debt
    4
  24275. Keep in mind, 97% of mortgages are FIXED, of those mortgages, the majority (more then 60%) are at a rate of 3.5% or less, those people aint selling, refiing, more likely take a 2nd HELOC on the house if they need cash.
    4
  24276. Once you Figure out that the buyer is paying for everything. Without a buyer nobody gets nothing. Then it will all make sense once you understand that!!!. Common sense
    4
  24277. Great video! Florida my happy place
    4
  24278. So true, a round trip ticket to Manhattan from Ft. Lauderdale during Christmas is $1000 round trip or more..Hotels are anywhere from $390 to $650 a night, the prices are astronomical..the prices to travel during the holidays are out of control..I thought looking early to travel you could locate a better deals. Not the case!
    4
  24279. In my 30 years of experience, the weather in Brevard County or elsewhere in FL is no different than S. FL during the summer months; that being hot and humid. S. FL is slightly warmer during the winter, and much warmer than the panhandle.
    4
  24280. Thanks for your information ,it's very helpful advice for me.
    4
  24281. I'm from Cali, really thinking of moving to Florida. Same as Cali but seems cheaper and more laid back
    4
  24282. There are more vacant homes then there are homeless. Why are there homeless in the richest country on earth?
    4
  24283. Florida has so many nice places. ST. Aug, Daytona, Clearwater, Naples, Marco, Sanibel, Key West.
    4
  24284. Thank you very much my husband and I love your YouTube very very much.🙏🙏🙏
    4
  24285. What do you do when you paid 200k over the home value? Asking for a friend who is wearing 2 face diapers while getting a 4th booster jab. But hey it least his loaded with toilet paper 👍🏼
    4
  24286. Loved this! I am trying to find the best place to relocate and this video is by far the most helpful!!!
    4
  24287. Hi Michael. Doing some amortizing math shows that a lock in rate of about 3% different might indeed make John who locked in low rates for 30 years better off both on affordability, total costs as well as potential reinvestment of his spare cash only if the price drop is small like 10-15%. However if the difference in rates is less and the discount bought is higher 20-25%, then waiting might be the better option. In my country, we can’t lock 30 year rates so clearly waiting is much safer.
    4
  24288. Just stumbled onto your channel. Great video and information.
    4
  24289. I could say a lot more about st Augustine. I also lived in Clearwater/Largo area for a little while back in the early 70’s. Traffic was a total nightmare there. Fishing offshore was great though.
    4
  24290. My concern, we would hear the price is dropping X%, but it would be mostly the most expensive house but the house around or under 500K would not drop. And that is the issue
    4
  24291. Fantastic video!!! Is there a difference between palmetto bugs and cockroaches?
    4
  24292. Thank you!!! My 87 year old mom is alone alot (my dad passed over ten years ago). Her chosen self isolation was a concern to me until I found myself alone and enjoying it. Now I know why she's so content. Your message made my heart sing.
    4
  24293. I love it !!
    4
  24294. It’s absolutely unconstitutional, I wonder if it will eventually be brought before the Supreme Court
    4
  24295. I like small claims court. If you win the other side gets to pay for everything. Court cost, what they owe, and maybe a little extra for time and inconvenience. I don't think finding the place and writing an offer is worth 3%. Just saying
    4
  24296. Have you read “The Millionaire Next Door”?
    4
  24297. Hey Michael, if you want to get a slightly higher interest rate on your savings, you might want to check out brokered CDs. These are basically CDs that banks issue and broker them out through the likes of Charles Schwab or Fidelity to get a broader audience. However, to do this, they have to offer a higher interest rate. I had some money sitting around in my brokerage account earning nothing. So I got a one month CD – that's right, one month – and I got almost 4% interest rate. That's pretty good for something that has minimal commitment. And of course we also have treasuries, which are little more complicated, but same idea.
    4
  24298. 300 for food? My stars suh that is a grave situation you have recommended! Great video. Ever move I’ve made has been without much planning or money saved. I agree — if you want it and can go Spartan a bit — you can do it. Nice half stack background! I play too. I might copy you if I start making videos again 😂
    4
  24299. A good steak in Arizona you can cut it with a butter knife.
    4
  24300. To another day lived - Cheers! Great shots - well done, thanks for that!
    4
  24301. Michael: I think you should be a guest on Fresh and Fit youtube podcast. Just an idea from the Broke Bald Bastard! 😉
    4
  24302. Could you look into the Davenport area please?
    4
  24303. Saw this 6 days ago “Florida dominates list of most overvalued housing markets” by Paul Owers , Florida Atlantic University
    4
  24304. Is utah one of the only states you can't see what houses previously sold for on zillow?
    4
  24305. I really enjoyed this! You grew up in a beautiful place.
    4
  24306. The weather in Florida is a nightmare in the summer time.
    4
  24307. Great video, Michael. I think this trip through Florida is a fantastic idea and will just continue to produce good results for your channel. St. Augustine is a city I am interested in and I hope that you will make some videos showcasing different areas around the city and maybe vlog a bit about why and what you like about that area of Florida. Also, I am hoping you made some content on the space coast around Melbourne/cocoa beach. Keep up the very good work.
    4
  24308. Long term tenants take better care of your property.
    4
  24309. I think the surrounding area will take a long hit on prices, and maybe other highrises in Florida. That's a pretty big eyesore and traumatic memory for Miami.
    4
  24310. I had a good rate(3.75) and ended up selling in March. Moving to another state.
    4
  24311. ❤ Grab a cold beverage on me
    4
  24312. Looking to move to Fla. Anyone have areas to suggest for 45 yr old single middle class professional hetero male? Hoping to find place with happening nightlife near beach without being in a cramped dirty city. St Petes appears to be front runner. Any help is greatly appreciated
    4
  24313. well said , thank you I think this is your best video, even you think is not the most popular
    4
  24314. Ya Ralphie, if you want to know about jobs ask someone who has one😂😂
    4
  24315. What camera are you using? iPhone 13 pro max? Looks great mate.
    4
  24316. Neil Communities just dumped a whole developement to JP Morgan in Venice
    4
  24317. Another great video. Thank you for your hard work.
    4
  24318. Michael! Manufactured homes had a 9 month to 1 year waiting list in 2021 / 22. The prices went way up from pre 2019. Remember when old 1976 trailers were $175K a year or so ago? Same thing.
    4
  24319. I work at a mental hospital in the Baltimore area, we got a COLA for 3% in October. 😊
    4
  24320. They bought for $700K and sold for $725K it’s guaranteed they lost $25K instead of making it. Moving from California to Utah and back is not cheap. They most likely sold for $725K but commissions and fees aren’t disclosed. Then let’s hope they aren’t being changed for capital gain. And if they had a mortgage, it’s possible they got hit for the early payoff. Awesome video. 25 million people should be listening to you. Thank you for sharing.
    4
  24321. My wife and I love your videos and are learning a lot. However, I am somewhat confused by your occasional references to gold. As I understand, a bona-fide investment should generate cash flow. Therefore, since holding gold does not generate a cash flow as far as I understand it can't really be considered an investment. Therefore, if it is considered a risk hedge then I am not sure what risk gold would be hedging. In the event of an Armageddon scenario how would I exchange gold for Kraft Macaroni dinner or guns and bullets. Who or what would determine the exchange ratio? One tenth of an ounce of gold for a box of Macaroni or three shotgun shells? Perhaps you can clarify in one of your episodes how your reasoning supersedes Buffett's logic that gold has no intrinsic value. Thanks and keep up the good work :) PS: Risk, in an investment sense really means the possibility of a permanent loss in capital, not volatility in the price of an asset.
    4
  24322. Everybody is supposedly struggling to put food on the table, but all I see are people driving new cars! Actually saw a brand new Porsche Macan in the Target parking lot. Base price $78,000!
    4
  24323. thanks for the info. i'll wait to see if prices eventually go down
    4
  24324. Wow thanks Michael. Surf side is also very beautiful. Noise did not bother me at all
    4
  24325. Am enjoying this tour series videos a lot, Mike. Hilton has 18 brands so the brand that is more comparable to Country Inn & Suites is Hampton Inn & Suites by Hilton where all amenities are free. Homewood Suites by Hilton is my favorite brand where everything is free & they have studio, 1 bedroom & 2 bedroom suites plus a full kitchen with all utensils included. This is much more private, way nicer & mostly cheaper than any Airbnb in my opinion. Other ones to consider are Residence Inn by Marriott & Towneplace suites by Marriott, Staybridge Suites by IHG & the cheapest of all Candlewood Suites by IHG. All these include a full kitchen & full refrigerator.
    4
  24326. Let's recap: the government has managed to ruin housing, health care, education, transportation, Social Security, border security, military cohesion, and the nuclear family. In other words, western civilization. Other than spending money it doesn't have and killing people by the millions, what good is government? Why do people continually look to this antiquated system run by psychopaths and narcissists to solve problems it created?
    4
  24327. 2023 will be devastating for real estate, buy low sell high
    4
  24328. Good one😃
    4
  24329. T-bills … not a bad place for a home to be right now.
    4
  24330. 96 degrees in dirty Jersey today feels like 103
    4
  24331. Wow had no idea, it looks like a totally different Florida..very cool😊
    4
  24332. When a real storm/ hurricane hits you’ll see a lot of people return to Cali & NYC
    4
  24333. I visited those cities in your video and the East coast is too crowded and Orlando is too congested and crowded Sarasota is also central Florida and has the number 1 beach in the USA it is a lot better then Miami Beach way way better
    4
  24334. Aldi is quality as well. Publix "where shopping is robbery," that should be their new slogan.
    4
  24335. I definitely dig the low key, relaxed vibe. 🐊🌺🌴
    4
  24336. Average people are going broke.
    4
  24337. Great video, I had a discussion about the special assessments on another youtubers video, great video.
    4
  24338. Foreclosure filings are soaring 🏹 🌼🌼🌼 Whoopsy daisy! 🌼🌼🌼
    4
  24339. Ole joe has alot of tricks up his sleeve. You haven't seen anything yet!
    4
  24340. We did! I hope you and sweet Lisi did too! We went to my husband's nephew's house in Rancho Cucamonga, outside of LA, in San Bernardino County. He is ready to move his family to Idaho or Montana, but his wife refuses. They have a huge house and yard, along with a rental house. Selfishly, we are glad that they are not moving, but they are tired of the chaos in California.  @MichaelBordenaro 
    4
  24341. Inventory are up crazy in places like Vegas and Reno, alot of 10%-20% price drop. Institution buyers overpaid for the majority of they bought up within last 6months..trying to unload even at a small loss *cough opendoorr
    4
  24342. Mikey B in 2160p 👍
    4
  24343. I think people who live their life in fear would not want to move there now after the hurricane because they live their life in fear and those who do not live their life in fear who know that hurricanes happen in Florida would still be more apt to move there
    4
  24344. You have to be crazy to buy now including vehicles wait it out or you will regret it
    4
  24345. This is what happens when the govt debt is more then GDP. The solution was to inflate the debt away everything cost more? Good, more taxes collected. Wages up too? Great more taxes. Housing prices way up? Perfect property tax increases and even more fee's. See how this works? Everyone does worse so the govt can get record tax revenues.
    4
  24346. Hey Michael, how can I contact you in person?
    4
  24347. Mike, I think the Kardashians was a great reference point to bring in the video. Because, a new generation was just starting out around the time that show aired. Awesome video, looking forward to more 🙏🏻
    4
  24348. Hehehe the collab we wanted for the doom team lol 😂
    4
  24349. Looks like a great place to stay for a few nights .although no sure I would live there full time
    4
  24350. There are so many jobs open around the country that they can quit and find a new job and Farmer's may be shocked that many people leave. In my contract I had them put in that I will be working from home, as I was concerned they may want me to move to the big city. 😄
    4
  24351. 🙏🏻🙏🏻🙏🏻
    4
  24352. Great news Michael...are you still going to have an ocean view? I bought my condo privately. Owner put a posting on the bulletin board and I got a call from a friend. Couldn't believe i lucked out. And the agent who sold my house didn't charge me realtor fee. Is this condo in the same building? Can't wait for the tour!
    4
  24353. Hello, hello! Looking good! I almost didn't recognize you! 😅 Happy New Year to you and Lisi! You don't know expensive until you've looked up here in Boston, MA. I snowbird near St Pete. I have lots of family in Tampa, and I'm looking forward to coming down soon. I don't drive. I take the senior citizen van😅 The town where I go is very walkable with everything I need.
    4
  24354. Hola Michael, i really will like move to Florida, i been living in Virginia and i think this place is really boring for me and my kids, also i don't like the cold weather,, i was looking places, my question is what u think about jacksonville?
    4
  24355. Hi Michael! I’ve said this before but I still love your videos :) I’m 20 and this video is very helpful. I definitely have been making similar mistakes… being lazy, and not going for what I really want career-wise… thank you for your advice and I will work on mustering up the courage to put myself out there😊✌🏼
    4
  24356. I bought a lennar new construction home in 2020 in California, besides an issue with a kitchen cabinet I have had a great experience.
    4
  24357. Time to pay the piper.
    4
  24358. very inspiring point of view. I read a news in the early Dec this year, it said Swiss government are about to pass a law to ban the EV if there is energy shortage, like in winter...
    4
  24359. ​@MichaelBordenaro we learned our lesson. Went bankrupt from a medical emergency. Around a decade later and we still have 0 car debt, and 0 credit card debt, just a mortgage with equity we have not tapped into at all.
    4
  24360. No wonder, prices are out of control down there! Staycation are fun! Time to explore the secrets spot in the city you've never been to!
    4
  24361. Thank you, Michael for another great video !!...........Godspeed....
    4
  24362. Absolutely true!! Date the rate 😂 Is a joke!!
    4
  24363. Did Brad pull himself up by the bootstraps or was he born into privilege? I‘d say the latter because of his response.
    4
  24364.  @imachangedmanlookatthetoil8336  he’s already explained in another video why he rents and that it’s not worth it to buy at least right now in his situation, I’m sure he will eventually buy something when it’s the right place and time. Not all renting is throwing away money.
    4
  24365. Very cool story. Yes, nothing to lose so go for it. It’s a testament to your character you didn’t fall into a bad crowd during those early days.
    4
  24366. Gainesville FL just passed a law that you can't do a background check on prospective employees!!! WTHe? Correction: The ordinance prevents potential employers – only those with 15 employees or more – from running a criminal background check on a candidate until after making a conditional offer of employment.”
    4
  24367. Congratulations on the silver play button Michael. It is well earned.🎉
    4
  24368. DESERT GREETINGS MICHAEL 🏜
    4
  24369. Listen , all economic data outside what it actually stuck in my mind was a joke made at the meeting ,, A husband and wife having a conversation looking at each other said: what is left for us here ? Nothing but a late retirement and an early death !” Not funny at all, just think about that for a second.
    4
  24370. I was drinking water when you announced RedFin's stock dropped 88% from the beginning of the year.....almost choked and had to rewind....are you kidding me? That's crazy! Still trying to catch my breath...damn; they are probably going bankrupt.
    4
  24371. 50k subscribers!!! Way to go Michael!
    4
  24372. Thinking to buy a multifamily around 700k vs a single house 500k. With rent goes up 1800-2400 I think it is good to be landlord.
    4
  24373. I’ll trade mosquitos for spiders lol I’m in San Francisco and this place is progressive. They deleted so much parking for bicycles and use tax money to create obstacles in the middle of the street to slow traffic down which causes more accidents. There are a lot of homeless here. When I’m in Miami the streets are so clean compared to metropolitan city’s in CA. All the homeless I seen in MIA were in wynwood. In SF they are all over the place and sometimes camping outside peoples houses.
    4
  24374.  @MichaelBordenaro  in Miami atleast the ones in Wynwood they asked for spare change, the ones here in SF be like “Hey you! Got $10 dollars” lol
    4
  24375. East coast it is!
    4
  24376. First comment 🙂 keep ripping it man!
    4
  24377. IMO we're watching a slow moving train wreck. The train will wreck in 2024.
    4
  24378. My exact same life is costing me $1000 a month more than when Trump was president. The last 3 years have been an absolute 💩 show!
    4
  24379. I would feel much safer in a condo
    4
  24380.  @MichaelBordenaro  and if its got 24 inch wheels and a lift kit bring a baseball bat cuz you gonna have to beat them off you
    4
  24381. The reason it's such a big deal for 120 days notice is.. drum roll... Try to find a company to insure you.. insurance companies are gambling you pay more in than you take out. People have looked at insurance companies like benevolent parents. Look daddy its broke. Well daddy will replace it. Insurance companies are gamblers and now they are losing money. We are all up to he creek. Finding a new insurance company in 4 months at an affordable rate? Good luck.
    4
  24382. I myself gave up golf a long time ago. The windmills always gave me problems...
    4
  24383. Those neighbourhoods in your videos are so beautiful! I have NEVER seen anything like it in the UK that's for sure.
    4
  24384. Well look what just happened in Miami Surfside there was so many Violations nothing up to code. The problem in Florida is they know about the foundation they don't care who lives or dies it's all about the money they give you the run around Without an honest answer.
    4
  24385. I've been quite a few places throughout Florida, and have family in Melbourne Beach and Tampa, I Love the Keys so much but not sure I want to live there full time. Thank You for the Local List
    4
  24386. All good and sound advice for everyone to take note off. Very good content on this video. Thank you, Michael!
    4
  24387. Hoping for additional survivors but it is already a very sad event. Honor and praise to all the first responders.
    4
  24388. I did that and i completely regret it.
    4
  24389. Thanks for consistently keeping it real Michael!👍🏽
    4
  24390. It’s ok to want to move to the next stage in life, it means that you are growing. Also you don’t start all over again, Miami was a good stepping stone for you where you got your yTB channel and your followers will come with you so by all means, you don’t start all over again. So I say ; do what your heart tells ya. 😀👊🏻. Really loved your past few videos, nice to see how you constantly re-invent yourself.
    4
  24391. It’s been fun watching pinellas. Inventory 3x’d in two months. Crazy
    4
  24392. Bankers have now decided the easiest way to get dummies to buy overpriced homes is to get them in with 1% down. Since the easy money of low rates is over, this new tactic should rope in the FOMO buyers before the crash.
    4
  24393. Hi Michaels mom! Stay safe
    4
  24394. And Thanks Michael for the great videos.
    4
  24395. You should go to 30A!!! Alys Beach, Seaside, Watercolor, WaterSound just to name a few! In between destin & panama city beach!!! For real 30A is one of the nicest places I've ever been.
    4
  24396. In Ohio my mortgage is 465 dollars which includes taxes and insurance. My rental property is 324 dollars per month and rents for 995 but could be more. Live below your means and invest. I am about to rent both properties out and have the proceeds pay my rent. I plan to a buy an investment every year until I reach 6/7 investment properties
    4
  24397. I paid cash for my house a month ago. So my question is if “property values” drop does that mean our property taxes go down? I live in TX property taxes are high af. Or do we still have to pay the higher property tax on the amount we paid? Does that make sense? I dont see the county saying oh yea heres your money back for property taxes. I hope this question makes sense
    4
  24398. Thank you for answeing! Yeah I let a couple Realtors go because they shouldn't be telling me what I want I'm the buyer I'm going to tell them what I want. Also yes I love these kind of videos If you make more I will definitely watch. Honestly I like all your kind of styles of videos because every now and it's not always the same thing over and over again sometimes you take us for a walk you sit in your apartment and have a chat with us sometimes you sit on the beach and have a chat with us I like it :-)
    4
  24399. You inspired me to start up YouTube again! Fellow realtor introvert here in Dallas, but relocating to Tampa soon 🌴
    4
  24400. Excellent video Michael and Travis. Loved watching you both bounce off each other!!!
    4
  24401. I can give you the cost of moving from Spokane WA to Vero Beach FL as we are moving into our new home at the end of the month. If I were to go the Uhaul option its $7500 for a 10 day rental (ridiculous) plus $1500 fuel, $1200 hotels and food. That's about 10k and a 5-7 day drive. what could go wrong. We are shipping two cars at a cost of $4000 or $2000 each. We decided to go with UPack where you load the semi trailer. I bought 24ft of trailer space for door to door delivery for $6500. We sold all of our furniture and will buy new furniture in Florida but still we needed 1600 Cu/ft of room to move our stuff. Two one way tickets Spokane to Orlando $900. Total cost to move from the Pacific Northwest is $11,400. We are paying cash for the new home which has taken literally 12 months to build. Went to contract May 8th we are suppose to close April 29th.
    4
  24402. I've got 5 cans of beer and a fresh bag of cheetos.....Life is very, very good for the forever bachelor !! Timmy C Arizona
    4
  24403. Me while watching this video: *sad European noises*
    4
  24404. Been to a Metallica concert in Budapest in 1996!
    4
  24405. Reallly really great wisdom (especially #7) !!! Thanks much !!!
    4
  24406.  @MichaelBordenaro  Yes Highway 1 is open in Big Sur.
    4
  24407. It will be a buyers market when the listing prices are closer to pre-pandemic levels.. The early indicators are there but it will take another year or longer in current FL high demand markets. It will be a slow process to reach peak price corrections but will happen in time.
    4
  24408. All this because of the salty water 💧
    4
  24409. I spoke with an appraiser this week.......He thinks we are in a recession....
    4
  24410. that was a nice old 540i m package car.
    4
  24411. The Fed completely destroyed the US economy when it printed trillions of dollars and pored unearned dollars into the economy. Now there creating another disaster in attempting to repair the first disaster!
    4
  24412. Right my man . I like your comment about people being able to make their own decisions about wearing a mask. I will be in Miami around June the Sixth. Maybe you can help me with some more questions I have .
    4
  24413. Today is different than 08-90 housing crash. REIT. Corporations high rents Inflation cost to build etc.
    4
  24414. All I see is another housing bubble and crash in 10 years LMAO!
    4
  24415. Great information - Saving up money Stay out of Debt - keep your skills current and work extra as needed and possible
    4
  24416. Hi MB. You are smart to think about retirement at your age. It's never to soon to start. Bravo for you young man 👌.
    4
  24417. You can get a condo for 100,000 to 150,000 in Florida away from the water.
    4
  24418. Thank you Michael for another awesome video today. You always have great content. Hope you’re having a great weekend my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  24419. Your Mother is very Lovely.... Thanks for sharing!!!
    4
  24420. I am loving this condo. I live with a partner for many years but lived alone in between for 7 and a little before that and trust me, though it has its advantages, living with another is a compromise and I really miss living alone. So I'm already decorating this place LOL. I love everything about it. I could make it into a Showplace for about 10 grand. It's kind of what I've done for our houses and for friends and it doesn't have to cost a fortune to do a complete makeover in a very short period of time. I love it.
    4
  24421. Thank you, Michael......I like the east coast better , great research !......
    4
  24422. Any house under $200K with a pool is the best buy in my opinion. We are retiring 1-4 years from now and are considering Florida as a option. A lanai and covered pool area are high on our our list of requirements. Thanks for the videos on Florida. They are very informative.
    4
  24423. I'm sure folks will be paying attention to construction issues before buying *
    4
  24424. Thank you for this video Michael. It really helps to hear someone being realistic. One of the major downfalls of social media is that Instant gratification which has become the norm.
    4
  24425. Sellers also are saying No !
    4
  24426. To save while renting, you need to be very disciplined (and lucky) and sock that money away. Don’t fritter it away on electronics, expensive clothes etc.
    4
  24427. Great job Michael!! Good info… sincere and honest! ➕➕➕➕
    4
  24428. you are looking at FRED data for Active listing count .. but if you look at FRED data for New Listing count ..it’s definitely wayyy down from the peak in June and down from last September basically the active listing compared to new listing is saying less homes are coming on the market but homes are taking longer to sell
    4
  24429. Your channel should be called Mister Florida. And by the way U have a great vibe about u brother.
    4
  24430. very nice interview and proves, life isn't a smooth running machine. Everyone has their issues, whether its family, friends, work, etc. This virus hasn't helped things either. We just forge ahead and do what you think is best. In the end life is short, just have to do what makes you happy. Parents in general, will always support their children's decisions.
    4
  24431. At least you got a notification in the mail. They say they sent a notification to my email address which i could not find. And they closed the account, which as you pointed out in the video negatively affected my score. To make matters worse, when I called the bank said that they closed the account because they couldn't verify my address????????? But I've had that particular account for 3 years. Bottom line is these banks can do whatever they want to whoever they want.
    4
  24432. You are in your 30's.... It is never too early to think about retirement. I am in my 40's....and retired. Not from investments but from good business, paying cash for EVERYTHING and living below my means. I just closed my store two weeks ago. We do not have to earn anymore.
    4
  24433. I noticed you have the older LT1 camaro 93-97 . Those are problematic. If it was the 98-02 LS1 it’s like a whole different car with power, speed, fuel efficiency and reliability 🏁
    4
  24434.  @MichaelBordenaro  maybe you can do an LS1 swap !!!😀
    4
  24435. There's a lot to do late night in Naples, next time you're there check the Blue Martini and several other bars and Pub at The Mercato, also South Street and Pelican Larry's (multiple locations). Dozens more you just have to know where to go. Cheers
    4
  24436. Just turned 33, remote worker (software dev) moved to florida from NJ. Ready to buy (or build?) my first home. I feel like this channel was made just for me 🙂
    4
  24437. Average American moves every 5-7 years and you never know what's going to happen with your marriage, your job, etc.
    4
  24438. Loved your video of course. But! After watching the news about the spring break in Miami Beach and the news showing the violence this spring 2021, I am now wondering what you think about living in Miami Beach now ?? It looks scarey now with curfews and Marshall law and 900 arrests.? What on earth is going on Michael ? This could bring down your real estate values if this keeps up every year. Have you thought about making a video of your thoughts on this ?
    4
  24439. San Francisco is trying to give each black resident $5 million dollars in reparations. That is racist against other groups. Not fair to the taxpayers at all. Hard to believe any of the nonsense.
    4
  24440. I like this guy! 😄
    4
  24441. Another SFH noise pollutant is DOGS! As I type this, the neighbors dogs have been barking non-stop for hours! Every evening this goes on. Super irritating! The neighbor on my other side has 5 Terriers that will not tolerate me going outside at all, even on my screened porch. They all stand at the fence and bark & bark & bark until I go back inside. I cant even enjoy my own backyard, at all. Animal Control said to talk to the neighbors myself. I got cussed out when I tried that. Now I have enemies on each side.
    4
  24442. people who bought in the last two years are trapped, they will face reality when negative equity hits them.
    4
  24443. wrong end of the state, 69 degrees in Manhattan Beach, So. Cal. so much nicer
    4
  24444. Your trip is very enjoyable ...I cannot see how Debt forgiveness is legal without Congress, No president should have the authority to spend so much with the sole purpose of buying votes, This is terrible and totally unethical. Plus if there is fraud , like before with Obama/ Biden is not going after them ..,more pay for play.
    4
  24445. Rent control works in properties where they try raising the rent without adding value. And the property cant be new or under construction. Orlando is now considering this because Florida is now the most expensive place to live with averages of 38% increase in FL rents. Proof? My complex of 31 units just raised its rents by 35% and 42% of the property is VACANT!! You heard me correctly. VACANT. They are raising the rents in spite. This why rent control is needed. The reasons why it "appears" to not work is due to zoning laws preventing new units!
    4
  24446. I am curious what everyone pays on property taxes and insurance and put location and home value. Here is one of my homes: Tempe, AZ Zillow estimate $575,000 Travelers insurance $683.00 Arizona property tax $2595
    4
  24447. Great video, Michael, and a very Merry Christmas to you and to your audience🌲. Here's what happens next IMHO: As the Fed maintains higher rates in the face of a slowing economy and persistently stubborn inflation (Stagflation redux? Jimmy Carter all over again, but worse?). As banks continue tightening lending standards, potential buyers are "dissuaded" from the market. For potential sellers, let the game of reverse-musical chairs begin🕚.
    4
  24448. I am much better off , I grew up in communist Poland, and my dream was to own Wrangler or Levi's jeans, or to buy the Beatles or Janis Joplin record. I have accomplished all of that and more, a house, a nice car. I feel like, I don't have any more dreams.
    4
  24449. Good video thanks Michael
    4
  24450. oh yea my buddy borrowed against his house and isnt doing well financially. Its a scary slope to be on.
    4
  24451. even with zero money down loans, the median home prices are out of reach for lower and lower middle income people
    4
  24452. Brad, you're sad. Better be glad, I'm not your dad.
    4
  24453.  @MichaelBordenaro  oh I get it. Cool btw I like your videos. Keep up the good work.
    4
  24454. Yes I would prefer a single family homes and no HOA fees neighborhood
    4
  24455. Even though this house is old & built in 1948, have to credit the space of every room. It was built for this century.
    4
  24456. If my daughter doesn't end up settling in California, before I went back to the Northeast winters, since I am not a fan of the cold weather, I'd buy a condo in Florida. That's why I'm keeping my eye on Real Estate in both Naples and Vero Beach, and I do see via "Redfin" that condo prices are being lowered after listing, in both places. Perhaps a signal that the market has "peaked?"
    4
  24457. Welcome to my town. I love living in Northern Illinois. Although, I don't spend as much time at my house in the city (Rockford) - I prefer living more at the Galena IL house. But N IL is pretty awesome. The best fast food place in Rockford- hands down is Portillios. It's one of the few places I'll eat at.
    4
  24458.  @MichaelBordenaro  lol, oh please. he spoke at a steady pace. weirdos love to criticize and complain LMAO
    4
  24459. Happy Thursday Michael, Thank You! Looking forward to your traveling videos!
    4
  24460. Listening to your video again, never tired of it.
    4
  24461. Hello, thank you for sharing a good video
    4
  24462. Jacksonville is good area though some parts can be sketchy. I use to live in Jacksonville and plan on returning soon. The Southside of Jacksonville is a great place if you're a middle-class person. The Northside (north of the Trout river) is pretty good to, but a bit more spread out.
    4
  24463. I know it’s scary that investment first are ready to buy once this goes down, but they don’t buy up all of the market. It’s something like 18% with 70% of their buys being single family units. I guess it depends on the area, but I can’t see them buying ALL of the inventory. Especially because most of their money is borrowed and they have to pay it back pretty quick. If this hits hard and inventory is flooded, I think they’re screwed and will be forced to sell. I see a lot of vacant homes for rent where I am. No one is taking them especially at the price
    4
  24464. Not "gloom 'n doom" it's called common sense.
    4
  24465. But where to you buy physical gold and silver? I've seen the coins but they are so marked up that you are paying far more than they are worth.
    4
  24466. Sold my apartment at The Sterling. So glad I did. Love your videos.
    4
  24467. These flippers are in for a big wake up call. Crazy to think they can sell for 800K above what they bought for. Your right Michael, it’s becoming a buyers market
    4
  24468. Where would we find data on who is buying homes? Surely it's public record - any recommendations on reasonably priced data sources so I don't need to scrape county websites?
    4
  24469. Michael these lenders also give out predatory loans.
    4
  24470. I won't live in Illinois state it's like NYS too cold for me now that I live in Florida
    4
  24471. You gotta walk thru the Venice Canals …. It’s how most of Venice used to look like
    4
  24472. I love your videos, so kwnowledable and informational, and the way you speak is kind of relaxing, and easy to listen to 😊
    4
  24473. Great video Michael you the man! 😎 🤝 🐊
    4
  24474. Hi Michael! I live in the Central Valley which is 2 hours East from the coast. On a 100 degree July day in the valley, we went to Moss Landing Beach! It was 61 degrees there! We were so cold! I love California but that day made me long for the East Coast and it’s beaches!(the main reason I want to move to Florida)💕
    4
  24475. Great video my friend. All the best wishes to you.
    4
  24476. Toronto is out of control! Prices are more expensive there than the US.. It'spure nonsense! Vancouver might be next also!
    4
  24477.  @MichaelBordenaro  Make sure you do that dude! Really enjoyed Venice and its beach! And sure man, you're welcome :D Also planning to move to Florida after my graduation! Until then, I'll follow you here! Wishing you a successful week!
    4
  24478. The only reason to relocate to Orlando is if you have a job there, otherwise what's the point with dealing with heat, humidity, gigantic bugs, hurricanes if you not going to be close to water. I am in sales and I fly a lot. God forbid you catch a connection in Orlando you'll have a plane full of screaming kids. I'll take Ft Myes area over Orlando in a heart beat. Downtown is going through pleasant revitalization, modern airport, Coconut Mall is world class,, place is tuning in to a college town because of Florida Gulf Coast growth. I could me in Miami or Tampa with 2 hour drive to see major sports or concerts.
    4
  24479. I’m almost 59. When I was in my 20’s I determined I would need $6m by 60 to be able to retire comfortably. I still think I was right.
    4
  24480. Actually, my wife and I booked a flight to Miami on the 7th of February for 3 nights to test the water. Is Brickell a good place to stay?
    4
  24481.  @MichaelBordenaro  Are you going to check out Stinson Beach up in Marin? I know it is a bit of a drive but since your channel is all about the beaches, it might be worth it. I haven't been there in like 20 years though.
    4
  24482. Bitcoin has been the talk alot. I would invest in Bitcoin but I have no idea how it works. In the meantime, I'll stay with my dividend investment.
    4
  24483. Wtf is wrong with this picture
    4
  24484. Lol. Heads up. I don't recommend walking through L.A. gang territory.
    4
  24485. Do you fly to California or do you drive?
    4
  24486. The house market needs a serious correction.Some homes in DFW- went up 100 % in less than two years. Is this health? No way.
    4
  24487. All this college debt and the youngsters who have attended is the fault of their parents and of course politicians who say college is the answer to success. The A/C and automechanics are not out of jobs and doing quite well thank you.
    4
  24488. In the video - no sidewalks, no streetlights.
    4
  24489. Homes have basically become unaffordable for the Average American . Even more so in States such as Florida . And with whats going on with the Fed and Congress . I would seriously consider staying out of the Market for awhile.
    4
  24490. I think the main difference this time around when it comes to issues is the amount of information and knowledge we have access to;, we can see the punch coming this time around, and hopefully, we can avoid the punch;, in 2007 people did not talk about the subprime "issue" I even worked for a bank,, now all you see is recession recession inflation inflation,,
    4
  24491. oh right on dude! always saw your gear in the background. I play too 🎸 🔥🔥
    4
  24492. A very timely video that hits on what many are going through as the pandemic and technology has changed the landscape of how many of us can work, from almost anywhere. This relates to the reasons why I'm looking to move to Florida, though I'm only a few years from possibly retiring. I have lived in the DC area all my life except for college. I fell in love with Florida own my vacations. I'm afraid that the luxury housing prices in south Florida (West Palm Beach, Ft Lauderdale, Hollywood)will increase and price me out of where I might most prefer to be, before I can move down. My preference is to be able to buy without selling my current home, as my family is still Maryland in and I can retire before my wife. Following your story has inspired me that I can move to Florida and reap the benefits.
    4
  24493. I'm glad you show the median sale price, it's a much more useful number than the average. and you can see the big difference between the median and the average in the first example at 2:10.
    4
  24494. It’s the same as a sale at macy’s. They are over priced on everything by 60%. Then they have a 30% off sale. Public isn’t fooled anymore.
    4
  24495. 1st
    4
  24496. Awesome views! OMG you are playing Metallica out in the desert!!!! Holy Cow!!!!! I could just imagine the lizards out there jamming and head banging! LOL. Was it For Whom the Bell Tolls? To be honest I am more of a drummer girl.
    4
  24497. Hmm I’ve been through Tallahassee a few times driving back and forth from Texas before I moved. We stopped over and I guess didn’t register with us Bc it felt like home not Florida lol. So ya it’s the anti Florida
    4
  24498. OMG, Michael! This video resonated with me on every level! Every single argument that you made hit the nail on the head with me and my family! How long a vacation is too long? My hubby and son are good for about a week, at the MOST! I like two or three week vacations, if I can do them. (Usually when I've done that, I've taken my son to the south with me to Atlanta, or various cities in Florida, places in Texas, or done a California road trip. Since we couldn't comfortably do that in the last couple of years, though, we have stayed local. However, my son barely gets out of the state, and he misses Dad and our dogs. Anyway, I always make sure to work out on my trips, every day! My hubby does, too. We shop at grocery stores, so we can maintain good eating habits. Also, my hubby always sets himself up in a chair or on a couch with his food, while my son and I try to sleep. (My hubby likes to eat later at night and watch tv longer than my son and I do. That is always a challenge, when you are trying to sleep. My hubby is not as bad as he used to be about that, fortunately.) The packing up and moving all over the place is a real challenge, too, though I do it. Still...living in beautiful San Diego makes it feel more like work visiting other places. We are super lucky to live here. So gorgeous! I know you understand that, being that you live in a beautiful high rise on North Miami Beach. Continue to enjoy the adventure, and if you and sweet Lisi get down to San Diego, let me know. I will take you out to lunch or dinner, and give you tips for the best places to visit around here! :-)
    4
  24499. The market may slow down but that will probably be a good thing in the long run.
    4
  24500. There's a barbecue joint around the corner from me that was doing takeout during the pandemic and all of a sudden just closed up and even now they're closed half the time I wonder how much PPP that guy got it's a family-owned business so he could claim all his family as employees and their friends and their friends and their friends I'm pretty sure I'm going to see that place close in the next few months
    4
  24501. Don't forget Kissinger started the Petro dollar then
    4
  24502. The good VALUE for moving to Florida is gone now. Adios.
    4
  24503. Thank you Michael.... doesn't matter east or west Sunshine State is the best 😎🌞🌞😎💪.....i wanted to ask a question- how is the job market in Miami specially IT jobs..is it a good market for IT jobs?? I know when it comes to IT jobs its all California but I wanted to about Miami And congratulations it's 11K now ...keep going..👍
    4
  24504. I live in Alabama. I go to Florida often. I’ve been to Destin, Pensacola, clear water and more. I want to move somewhere cheaper but definitely safe. Where I’ve been in Florida I’ve been able to walk and ride bikes around, etc care free no worry about gangs or violence. Where would you say are the cheaper/safer cities in Florida. I’m 20, so I’d like a good beautiful place with tons of people my age and stuff to do safely and fun If that makes sense. Preferably east cost
    4
  24505. West Coast Florida is the safest, flat out. From W Palm and down is a no no for me. Its okay to visit but I could never live there. So far I have lived in Orlando, Tallahassee and Tampa. Tampa has been the best.
    4
  24506. Hi Michael! Is $10K enough to relocate to Miami with, if you are starting up your own one person, service based business when you get there? This is what I do in my current city and have done very well, but I would love to get away from the cold weather and the increasingly far left, woke culture here. Many thanks!
    4
  24507. Beautiful area!
    4
  24508. With potential pensions going insolvent and 401k's declining, there will be a lot of the reverse happening as well. Maybe when real estate prices become more affordable, families could buy duplexes and triplexes and live in those together. Lots of them in the northeast and midwest.
    4
  24509. HAPPY FRIDAY MICHAEL 🏜😃🌴
    4
  24510. I’m living in Miami for 2 years, but I’m still love Califórnia 😂 how can I deal with this
    4
  24511. It’s true
    4
  24512. My pension is through the Federal Government, still there’s no guarantees.
    4
  24513. Please talk about the program passed to bailout the housing market. Converting vacant office space to solve the housing shortage. Offices would turned into condos/apartments.
    4
  24514. TGIF!
    4
  24515. You'll definitely save alot of you work on your own home. My roof replacement only coat 3k in materials vs 10-15k from a roofer. Most of what you pay goes to hiring undocumented laborers and lining the businews owners' pockets.
    4
  24516. The people that relocated to those third or fourth tier cities during the pandemic have to go back now. They are selling at losses to get out.
    4
  24517. I work 12 hours per day 7days a week just to afford California 😂😂
    4
  24518. I miss when you use to talk about how great Florida is.
    4
  24519. I did the boat thing. It’s really limited space
    4
  24520. Did you visit the Tampa area on this trip?
    4
  24521. I noticed that ...I was shocked at the price but I'll take that view everyday
    4
  24522.  @MichaelBordenaro  I found the place old, white, boring ...staging would have made huge difference but wonder, do they sell quickly even looking like this? If so, don't need staging
    4
  24523. You just gotta do the math, be smart about it and happy with your decision. I did a cashout refinance to renovate my house, payoff some credit cards and one of my cars. I can still make my payment on my own if for some reason my wife were to pass and we still have over 100k in equity. Do the math people and never take out too much and definitely don’t use it to take a vacation. I think that’s the worse way to use that money. If anything invest it in the stock market at the right time. Great video Michael as usual.
    4
  24524. I heard the Villages are good, is it pricey?
    4
  24525. Hey will living in Florida basically make ur tan kinda of permanent or kind of make it ur new look?
    4
  24526. Great Video, I hope you’re gonna do more. Video quality is great too.
    4
  24527. Tragic...just tragic. Glad that you and Lizzy are okay. Heartfelt condolences to all the families that lost loved ones. If a sinkhole is proven to be the cause of this disaster, I can only imagine how those people will feel when they return to their evacuated building, as well as all the residents in the surrounding areas.
    4
  24528. Buying food and fuel takes away frivolity🎉
    4
  24529. Great video
    4
  24530. I've lived in south Florida for a few years only, but that seems like a really good list based on my experiences here too
    4
  24531. Really respect the consistency, amazing work ethic. Really curious what you are making nowadays with the consistent views and sponsors.
    4
  24532. I stayed in that hotel back in the late 1960's one time when my father attended the Florida APA convention there. It had a salt water pool with high diving board and the whole place was magnificent. It reminded me of that opening scene in the movie Goldfinger. The BeaTles played a show there one time in the Ball Room. Too bad it is just gone down the tubes.
    4
  24533. Cool I’m 5 min from coconut creek
    4
  24534. The water temp is perfect!
    4
  24535. As I stated in the other post . This current monetary system can’t solve the problem in fact it is the problem. What do banks want ? Banks want more government because they can continue what they’re doing. Congress is involved with bankers they will not offer any good solutions. Btw right of first refusal won’t work because investors will have straw buyers lined up for that . There’s a way around everything. The only solution is to let it collapse get the banks out of the way , let them charge whatever interest rates they want . It will bring down values of Homes where they belong . All these tax schemes don’t work .
    4
  24536. What do you think of Margaritaville in Daytona? Were thinking of retiring there.
    4
  24537. 95th
    4
  24538. Hey boss. Really like your videos of Florida. I live in Minnesota and im really hoping that i can move my folks down there in the near future. Ive had a few folks tell me that central Florida is the most affordable. But i would like to know whats your recommendation. Also what are other affordable places to live in Florida? Specifically a family home. Thanks
    4
  24539. soft landing, and then the plane skids off the end of the runway and into the water...
    4
  24540. Thank you for talking about buy-down loans.
    4
  24541. Which means our PROPERTY TAXES will go DOWN too...uh, oops!
    4
  24542. looks like they got some good entertainment there for sure...
    4
  24543. Time to become a nomad ..so many are doing it and loving it..the fed what a criminal group
    4
  24544. I listen to many nowadays, you r one of the best realistic and very up to date, thank you.
    4
  24545. Merry Christmas to you and your family buddy 🎄🎄🎄🎄🇺🇸🇺🇸🇺🇸🇺🇸
    4
  24546. St. Augustine is EXPENSIVE! St. John's county is the third most expensive county in Florida.
    4
  24547. I was aware of sinkholes in FL, however I didn’t realize how prevalent they were in the central area where I had been living. Glad I didn’t buy property there.
    4
  24548. Almost one out of 5 are in forclosure BUT nothing to worry about ... Sure >>?? Thanks good video.
    4
  24549. Guarantee, am at the beach after 5pm.. I hate direct exposure sun!! Unless am under an umbrella!! Sunset is where it's at for me!!
    4
  24550. Hmmm, this video sure did make me think twice about moving to Palm Coast. I like a lot more close by.
    4
  24551. Thanks for the video. I’ve been a police officer for 6 years - nervous about being a cop there compared to North Dakota and my entire family (siblings, parents on both sides) are moving to Manatee County. Here we come! Florida April 2021
    4
  24552. The past two years insurance has been a killer for me. They collect your money for years. A hurricane hits and they have to payout. Then they drop you and/or go insolvent and are out of business. With insurance the way is going in Florida I don't know how this is sustainable. Its at a point now on my rental property my escrow is more then my principal and interest.
    4
  24553. All her mistakes... 1. Bought in liberal Portland 2. Viewed only online
    4
  24554. I don’t wish a foreclosure on anyone. By the same token I don’t wish the unrealistic Prices of Miami homes, which I’m not buying. But every day a sucker is born. I’ll wait.
    4
  24555. You should do a California vs Florida vid.
    4
  24556. She should go to Italy soon, because 10 or 15 years from now things will be worse!.
    4
  24557. I don't know that the panhandle is cooler than Miami Beach. It can get quite hot up in there, and they are more likely to get heat wave type weather. As for the Winter, they are much cooler and can even get downright cold.
    4
  24558. Yep makes it a no-go
    4
  24559. Just put a lien on your property 👍🤠
    4
  24560. I would never want to get a home equity loan. A real good way to lose your home is by borrowing to much and if you lose your home the mortgage company makes out especially if you took the money out to do renovations and then lost your home after the renovations were completed. I agree with not selling if you do not have to unless you want to. Again I agree with your wisdom shared in this video.
    4
  24561. I really enjoyed listening to your guest and subscribed to his channel. Interesting and smart.
    4
  24562. I'm getting anxiety for the people in Florida who have to deal with this, I don't know how so many people can afford to move to FL now. Have family in Venice, FL in gated communities and their insurance doubled.
    4
  24563. For years I have used a fixed amount commission on all my flip sales. I use a flat fee broker that allows me to set the buyer co op. Rather than a % I use a flat amount. I mention it in the listing and in on site detail pamphlets in the house at time of showing so the buyer is aware of the agents pay. If the agent tries to sway them off my house over my lower co op the buyer will know. But I am not paying an agent more than I paid for whole rehab just for showing a house. In fact as a former agent I know full well it’s far work to find and close a low priced house vs a high priced house. More work, more issues w condition, more showings, more offers denied over higher offers etc. why would I pay double for a 300k listing that’s all new and easy to close vs a 150k house that required far more work from the buyers agent to deal w? I shouldn’t. So I don’t. Key is you have to be in a position to say “don’t like my deal, walk”. And mean it.
    4
  24564. I keep seeing its pricy to live there comments. Here are some facts... You can buy a house as low as $135k or up to $2 million There is no HOA. There are deed restrictions yes but no HOA. Amenity Fees are $170 a month, that gets you..... 693 holes of golf 214 pickleball courts 215 Bocce courts 210 shuffleboard courts cornhole (over 50 total) 102 pools 101 recreation centers Over 3000 lifestyle clubs 7 dog parks Walking/biking trails 1 hospital with plans for a 2nd 2 bowling alleys 3 movie theaters 7 publix grocery stores 3 winn dixie grocery stores A fantastic Charter School, (if you work in TV, it enables your kids to attend TVCS. Last year over 65 kids graduated with 2 yr college degrees thru a program with Sumter College. This is important to families that live outside of TV where schools aren't so great. Numerous doctors of all kinds Numerous restaurants, nail salons, hairdressers, clothing stores, banks, Gas stations, drug stores, etc 3 town squares each with nightly music 365 days a year. And everything is attainable via car or golf cart. All that, and so much more, and many more of those items listed above to come in the future as well. 140,000 population and growing New houses currently aren't lasting more than 4 hours, the resale market is scarce. "No beaches", nope, at least an hour to 2 hour ride depending on the beach. All this being said, its not for everyone. To each their own. But, its an amazing and fantastic place to live ! Pricy, maybe more so than other parts of FL, but nothing compares to The Villages in lifestyle.
    4
  24565. Michael Bordenaro 1. What websites do you recommend I use to buy or rent a house or an apartment? 2. Are the houses in Orlando up to code for major hurricanes like Miami?
    4
  24566. Crash incoming
    4
  24567. Not warm here in Va, 60 something, but our pool is heated and open til Halloween, so great laps today in the sun. Yes, feeling the IT market shrink a bit with the demands going up day to day and the disappearing recruiter activity. But could be seasonal cooling.
    4
  24568. I have over $70k of credit available to me which is absolutely insane of card issuers given my modest income. I use like 4% on a bad day.
    4
  24569. The random run in with the police 😂
    4
  24570. Glad the market is cooling off. Out of control! Watching a lot of homes on Zillow having their asking prices slashed.
    4
  24571. I like Hollywood Beach :) I'm between the bigger cities like Fort Lauderdale and Miami but away from congested areas. Butt not too far from big cities.
    4
  24572. Only dumb money will be buying houses this year. The world is on the brink of WW3 and economic collapse.
    4
  24573. Port st Lucie , please
    4
  24574. A lot of Miami properties are owned by out of state wealthy people looking for place to park their money and stay at when in town.
    4
  24575. 🙏🙏🙏🙏🙏
    4
  24576. Airbnb went full circle, in most places its just better to get a hotel haha
    4
  24577. I love how quiet that neighborhood is. I love small 1930s 1940s houses. Thanks for video.
    4
  24578. One of the FED's top goals is absolutely driving down home prices. I predict another 25bp increase this month and one or two more increases to follow. Markets and employment are still too hot. Probably not a soft landing though.
    4
  24579. Former Jeep Grand Cherokee owner here; 10 years. It doesn't matter where you live; I'm in Boston (pretty similar weather to Chicago) I lost track how many times I changed the rotors; I think once a year or every 10 months towards the end.
    4
  24580. Michael, your videos are so good. I look forward to listening everyday. You are on the money when it comes to real estate. BTW, thank you for showing off my county of Marin.
    4
  24581. I’ve been considering moving to Florida but looking for apartments less than 700 or around there. I didn’t go to college, and I’m looking to be approved for an apartment working an entry level job.
    4
  24582. How are the reserves for the association? Any upcoming special assessments?
    4
  24583. I dont think home prices peaked at Q4 last year. Interest rates jumped hugely in the second half of last year. Prices must have peaked in the summer.
    4
  24584. Bitcoin is skyrocketing ! So are stocks on the stock market wow ! Americans are making money hand over fist and 401ks are looking sweet 😊. We're on a roll here it wouldn't even matter if McDonald's is $50 for a Big Mac Times are great 😂.
    4
  24585. Those purple flowered plants that you enjoyed are called Ice Plant. We used to have a large area of our yard covered in them. So beautiful!
    4
  24586. Being outdoors, absorbing the vitamin D for the body, exercising, blue skies, clear water, clean beaches, green grass. It's great. I've always had the vision and still do!. the weather just started getting warm here and the sun just started showing. Being outdoors is a must for me. can you imagine living somewhere that's always gray skies and always look like it's gonna be bad weather on the way all year long?. That's very depressing.
    4
  24587. I was in Key Largo over Thanksgiving and slept with the window open and woke up with a sore throat and I lived in Seminole on the inter coastal area for 17 years and know the symptoms of REd Tide and woke up with them. It was not a bad case of Red Tide though. I remember some years were awful. Now I am in Palm Coast and love it! I know you didn’t give it good reviews, but different strokes for different people. No rat race here,I
    4
  24588.  @MichaelBordenaro  😩. oh well you have a twin out there.
    4
  24589. Excellent video. Agree with everything you said. I bought a house in Dec in GA and just sold my house in WA. I figure if I buy high and I sell high, it will even itself out since I have a family and don't want to rent. Keep up the excellent content.
    4
  24590. Can you snowbird? I'm in Michigan and that's what I've decided for myself.
    4
  24591. Michael, years ago we saved to buy a new chair, sofa, etc. Now people use credit cards for everything. They have so much debt and realize they can’t pay for it. Big problem!
    4
  24592. I am 19 and just moved down to South Florida for college by myself. Great to hear other people stories.
    4
  24593. I really love your videos. They are helping me more than i thought they would. Plus you are so honest about every topic you discuss.
    4
  24594. You deserve more than 10K subs and you're gonna get them. Hold on for the ride! (I'll be there on Jan 24. This should be fun.)
    4
  24595. I appreciate your "why?" remarks That really helps your viewers feel involved and that goes a long way
    4
  24596. More reports on institutional Investors failing please haha!
    4
  24597. isn't there a cap on how much it can increase year to year? 2 or 3%? And doesn't Florida have a program to help low income peeps pay their property taxes? the answer is yes. Not to be mean, but this should not of come as a surprise to these homeowners...
    4
  24598. I pay off right away 👍🏻Thank you Michael 😃
    4
  24599. funny how im watching this at 2am😅great night owls think alike😂😭
    4
  24600. First summer in Florida. It worked, I was petrified. Then Isaiah came, and all Hollywood got was drizzle and a gloomy day lol. My neighbors were laughing at me telling me not to worry.
    4
  24601. But we appreciate the info about where to go for a quieter place with ppl our age (66 yrs old). So thx Michael.
    4
  24602. I don't think people follow up here in South Florida as much as they should.
    4
  24603. I thought if you didn't pay the 20% DP you will have to pay PMI which doesn't get credited to reducing your Loan balance, is that correct?
    4
  24604. American need Ukraine for the minerals to make batteries our own government said it America is going under fast we have nothing left no minerals left no oil left nothing.
    4
  24605. I’m at my best when it’s routine life..I’ve traveled all over the country and I’m always glad to be home in my comforts.. Really the best rest and relaxation is at your own home lying around..great video 😄👍
    4
  24606. I'm digging how your lumberjack shirt matches your hair 😍😍😍
    4
  24607. Love your videos
    4
  24608. Hello Micheal, thank you for your videos. I plan to launch a startup in Miami or around, so I want to know what do landlords require from foreigners ?
    4
  24609. I do not Blame them Florida condos are money pits / HOAs that have no limit that sounds like fun Insanre property taxes going up a lot every year , crazy weather , high humidity what's not to like?
    4
  24610. We need homes to drop the 50% that they increased in the last two years!! I don’t care about interest rates I care about home prices!! One can refinance you can’t get a lower home price once you BUY!!!
    4
  24611.  @CaptainCaveman1170  unfortunately in last boom there were estimated 40 new agents a day coming on the market. Many of these agents didn’t understand that they’d be 1099’d and never withheld or paid estimate taxes. In my area they were buying in the 1st phase of multiple new subdivisions to use as rentals. When it collapsed they lost their tenants because of the high rents and lost their properties to default. A lot of Mercedes and Lexus had for sale signs
    4
  24612. This is his job. He reports on everyday happenings, just like all the reporters on MSM, except he tells us the truth. 😊
    4
  24613. You both make a beautiful couple. Nice seeing your lovely wife.
    4
  24614. Very well done video Michael, I really enjoyed it, I like CA but I cannot afford it . So FL is my choice , in the mean time I continue living in KC
    4
  24615. Michael , you covered many important topics in this video! I have to say Kudos to Canada 🍁🇨🇦for passing a law beneficial to their citizens !👏 On the subject of prices are going to go up , and we are having a robust economy who ever believes that it’s apparently ignorant to the facts!! Psychological manipulation, lies , rigged numbers is just keeping the Titanic from suddenly sinking but eventually will sink and as you know in the movie Titanic there was not enough life saving jackets! The false information is given to buy time and 0:03 take the last dollar out of people’s pockets before the collapse ! 🤔⏳⌛️
    4
  24616. Renting your house out sounds good but are they going to pay ?
    4
  24617. Mike when I’m ready I’m going to you when I buy. My situation is a little different. I’m a 57 year old guy living in Connecticut I plan on retiring at 62 I love Florida and all it has to offer. What I am looking for is active retirement community that has a gym club house and pool plus close to the beach and restaurants I would be looking for a condo or villa one level 2 bedroom with a garage in a upscale neighborhood. My price range would be 275-300 thousand. If there is a place that you would recommend please let me know. Very interested? Thankyou for all your great videos
    4
  24618. There are still lot cash being circulating in the economy bcz of fed printing lot US$ in the last 2-3 years. As long as there are enough people /or investors who have enough money to pay properties with hard cash price of houses will remain high. But I think there are also lot people who don't have enough hard cash to pay a house out right!
    4
  24619. Where will they put their things what a tragic situation, it’s not easy to Move for many people … 😢
    4
  24620. 13% of the population commits the majority of crime in this country. Those are statistical facts. Stop deleting comments Mike.
    4
  24621. Just spent a little time here on our roadtrip from OKC to FtLauderdale. It was a nice area!
    4
  24622. There is nothing to click "right over here" 🙃
    4
  24623. This is actually a bad thing, because most will quit their job to find a new employment opportunity in the local area, which means less jobs for those in that city.
    4
  24624. North Beach yes I do love this part of Miami. Thank you for giving me back my memories of North Beach's calm area.
    4
  24625.  @MichaelBordenaro  That is cool they are adding back my attachments to the rooms. I just miss pulling the curtain and seeing a great views of the beach and ocean from my rooms.
    4
  24626. Same boat here I could just barely make a 20% down payment but then I would be gambling on nothing going wrong. Prices seem to be dipping down in the areas I'm looking at too I'll wait till I'm in a better place to buy.
    4
  24627. How old are you and were you around in 08? Seems I remember the warnings went unheeded for about 4 years prior to that catastrophe. Naysayers such as yourself. Be forewarned it will happen again.
    4
  24628. I'm in Miami and I was paying 400$ a month in insurance. Sold my car and bought an adventure motorcycle. Paying 5$ in insurance now. I'm not going to be racketed.
    4
  24629. I like your "Home Path" idea.
    4
  24630. There is no doubt the bank went in and remodeled in order to get maximum value. They can only do this for the next 12-18 months and then there will be too many foreclosures to remodel.
    4
  24631.  @MichaelBordenaro  If realtor weren't really good at selling, they wouldn't be in the business. But a lot of realtors are desperate themselves, trying to stack up some money before the recession hits. I dated a realtor from 2008-2012. Those were not good years for her in general and that's a long dry spell.
    4
  24632. The forth one they are building down south is going to be the best... I think... Going to be party central...
    4
  24633. If you must buy , you have to buy in a brand new building or one that's five years old
    4
  24634. Im confused, what does vacant mean? Are these properties people own or the bank owns. If it's a house/rental property someone owns then that's not vacant. And if the person doesn't want to live in it or rent it out but just wants to own it, thats not an available property and shouldn't be counted as inventory
    4
  24635. HaHa. I love it when you're sarcastic!!!
    4
  24636. Lots number fudging coming out of DC/NYC/WS… but the facade can only last for so long…..then 🔥sale
    4
  24637. Buffalo NY is now one of the most inflated real estate markets in the country, especially when you factor in NYS mortgage tax !! If you want to buy in a decent neighborhood, you’re looking at $500,000 and higher with $15,000 year in taxes!! ….and you can’t even get your street plowed !!
    4
  24638. Yes, im seeing sellers drop their prices 20k or more.
    4
  24639. Fyi. Beware of new home builders not finishing and going bankrupt! This happened all over Arizona 2008 /2009. I wouldn't rush out there and risk loosing earnest and any additional upgrade funds required up front. The price reductions and other incentives are in full swing for both buyers and additional commissions for agents VERY FAMILIAR
    4
  24640. LOL I went from 50k at Amazon in California back in 2017 where 50K isn’t a lot for the cost of living to 40K in 2019 as a machinist then coronavirus and now I’m reduced to 30K in Florida in 2021
    4
  24641. I love that park, it is beautiful I'm so glad you walked through that one again.
    4
  24642. It is nice that you are in a "normal" neighborhood today Michael, gives us perspective. :)
    4
  24643. I'll happily trade you some of your heat form some of my lack of heat except I've got "zero" to send you. 🤪
    4
  24644. Because there's simply not enough inventory. Supply and demand is driving this market. Until supply jumps up and surpasses demand, no crash at all. Reventure has steered so many people wrong. You can't have a crash unless you have a glut of inventory, no buyers, and sellers desperate to sell. 2008 was so different...nearly 4 million foreclosures. This will take years to play out unfortunately.
    4
  24645. The points you made near the end about that own/rent comparison are completely valid. You leave out one more factor in favor of renting in that specific situation. The extra money you'll have left over each month in that example can be invested, likely earning as good a rate as the growth in equity that is projected in that article. So much to consider for every person or families individual situation.
    4
  24646. Pre pandemic levels are a crash.
    4
  24647. Great video! Definitely moving to Pensacola.
    4
  24648. Mike, wouldn’t you rather move somewhere that has it all and a full menu variety, such as a state that has all four seasons, higher wages, a more variety of opportunities, ocean access, the mountains and a constant change of scenery? I’ve been to Florida all over lots of times and love FL but it’s actually limited to just warm/hot weather, palm trees and the ocean.
    4
  24649. These bots, raising all of these concert tickets, are out of control! I hope something will be done about it. It is crazy! That being said, I am glad that you and Lisi were able to go! Great band!
    4
  24650. A sleeveless shirt day and dry in Miami? Raining here in Sebastian and we need jackets! I try to be realistic but wife says I’m negative. Fanatics is closing a distribution center in Jacksonville. The Fed is like a business, it can loose money. The wild ride is coming! Inflation and shrinkflation will remain. People need to face it! It will happen!
    4
  24651. As a Canadian who's interested in living and investing in Florida at one point (I found your channel while doing my preliminary research) I am really interested in the topic of foreign ownership of real estate in Florida (especially Canadian).
    4
  24652. probably about foreclosures. either single family or multi units. you know what they say, buy the worst house in the best neighborhood. and mega deals can be found with foreclosures.
    4
  24653. Great video and great condos in your video. That's my favorite drive in SI. I saw some studio beach condos but they are hotel exchanges? Marco property in SI. Also I heard alot of buyers just pay cash. Is that still a big thing in Miami?
    4
  24654. 1
    4
  24655. It is getting tempting to buy here in Los Angeles, as we've sat on the sidelines and saved more money throughout the pandemic. Prices here are officially finally negative on a YOY basis and the rates have dipped down. Plus, it feels like the data is a couple months behind what's happening in reality and the prices are even lower than that, perhaps already 5% below 2021. It feels like the sellers remaining on the market now really want to get rid of their places before the end of the year and are willing to make some deals. I'm seeing listings coming in at 70K, 80K and more underneath the Zestimate. That just wasn't happening, like ever, six months ago.
    4
  24656. Lol !😂 financially naked 🙈No thank you !! Don’t want to live with bunch of people! Sounds like trouble!! You know what they say” if you want to know someone take a trip with them! Usually don’t turn out well! 🤦🏼‍♀️🤼‍♀️🤺
    4
  24657. People are nice for the most part. It’s the years of failed leadership is what sucks, its the major cancer of this state because of rigged election. California west coast has the sweetest weather hands down.
    4
  24658. I bought my house in 2014 and as interest rates went down, I refinanced. I now pay 2.5% interest. I don’t think I’ll ever refinance that rate, because the rate has gone nothing but up since I refinanced. I keep getting e-mail and notices from my lender and previous lenders to refinance and take out equity, I laugh.
    4
  24659. How to tell if you are getting a deal
    4
  24660. Could you please offer some info on pet friendly vs. not pet friendly condos/houses for rent or purchase? I have two small dogs, although one is very old and I never know from day to day how much longer she may have. So thrilled to have found your channel. Thanks!
    4
  24661. In 2010 value of bitcoin was $.09, nine cents.
    4
  24662. On those EVs and EMCs, I understand they have to be kept in separate bldgs/lots because of their tendency to spontaneously blow up or start on fire. They are dangerous. Logically, at this time, they are not sustainable. I don’t see how that market can possibly grow when ppl are tapped out or getting there. Imagine losing you house to an EV started fire..Nope, not gonna happen.
    4
  24663.  @MichaelBordenaro  Bypass it. Ormond Beach is nice though
    4
  24664. Aren’t golf carts typically electric? I’m surprised to see gas models of these even exist.
    4
  24665. I know remote tech workers in Florida making 170k. Moved from other states. They barely have time to live though haha. It's an interesting trend. One more thing to note - Those tech workers coming in is kind of like a trial. We do not know how they will like Florida in the next couple of years. They can easily leave and wander around other places too.
    4
  24666. I don't have cable so I save about $150/ month. you can certainly buy a home with $2500/ month budget. But remember you have to pay property tax.
    4
  24667. There was a case I know that the ambulance hit a car at intersection and it was the ambulance fault, reason was an elderly was heard of hearing, she did not hear the sirens
    4
  24668. Happy thanksgiving Miami and Michael! 🍂🍁🍂🦃🌊🌴
    4
  24669. Way to go Michael. Dan would be proud of you! You see, that start where you create imaginary people complaining about how your all doom and gloom? Straight out of Dan's handbook!😆 Thanks again bro. Love your videos!
    4
  24670. There are micro and macro factors to take into account, and not only those. One also needs to take into account local and state economies. It is rough though.
    4
  24671. Think there goal is to prevent condos from collapsing due to negligence. Sucks, but we can’t have building fall over either and have people get hurt.
    4
  24672. 😂😂😂
    4
  24673. Thank you for the video. My daughter is going to attend Flagler College in the fall. I have been looking at moving to Florida myself. I currently live in Ohio. I'm just tired of the long cold winters. I need a change. We will be visiting St. Augustine for the first time in June for Orientation. So excited!! I also rented a house. Much better deal then staying in a one room hotel.
    4
  24674. We are down roughly 20% overall however this is still above plandemic prices and the residential housing market in NZ was way overblown then and totally unaffordable for most with 10 to 16 times median income . Miami and Florida rocks as you are a free state away from the underlying left. I would live in my car to be in a free state. Good work Mike great info
    4
  24675. Thanks again Michael for sharing another excellent review. Did you find out why the Union Jack was flying at the memorial stone in Oglethorpe Battery Park?. You featured it in your last review. Best Regards to both of you.
    4
  24676. We have very similar reasons why property values are jumping here in the Las Vegas valley. Only 2 week supply.
    4
  24677. People r robbing Peter to pay Paul
    4
  24678. Only problem is not ALOT of job opportunities and it's gotten more congested in the last 5 to 7yrs. If you're new to the town it wouldn't be noticeable. Been in and around there for 10yrs. That long you'll see and feel the difference!
    4
  24679. What the ladies look like?
    4
  24680. If I have the choice, no A.I. for me!
    4
  24681. You right!
    4
  24682. Lizzy would make so much money there taking care of dogs Everyone has a dog 🐕 Mostly little ones and they need services for their dogs I live in the Villages and in Daytona Beach Shores When my vacation rental is open Most people are very friendly there and if you lose something it’s usually returned I feel very safe there. I like to walk my dog at the polo grounds and the duck pond and there are bridges and tunnels to get all over the Villages You don’t have to be retired to live there and there is also a rule where some younger people can live there over 30 but no children full time. If you live near the villages the Squares, Playhouses are for everyone Not just Villagers
    4
  24683. Yep. I live in New Tampa 2pm track just shift south towards Sarasota now. Sorry to hear that for them but maybe Tampa dodges another bullet.
    4
  24684. What about the crime rate for these cities? Family safety is more important than median price.
    4
  24685. Very thoughtful and introspective video. Thanks
    4
  24686. Michael Bordenaro yes I love Miami Beach, the beach is huge and water clear, especially now
    4
  24687. You're not a good Customer . There not making any money on you..
    4
  24688. Good point. I don’t use video, music, or twitch,
    4
  24689. If you want to buy eggs in Taiwan, be prepared to open your wallet a little wider.
    4
  24690. At 9:28 when you were talking about a haunted house you passed a house where a woman had her head chopped off on her front steps in broad daylight. Morbid but true story. 1973 I believe. Athallia Ponsell Lindsey.
    4
  24691. I live in the Central Valley here in Ca and I’m seeing a good amount of investors selling off their portfolios due to all new housing restrictions. Squatters have more rights in Ca than landlords, pretty sad. I was going to rent my current home out but I’ve decided not to after hearing horror stories of tenants here in the valley not paying landlords for YEARS!
    4
  24692. I like it when you say that the gov't is lying about a "soft landing" to keep consumer confidence up. You are so right and courageous enough to say it!! kudos to you!!
    4
  24693. Word
    4
  24694. What if you didn't go to college? What type of jobs are in florida?
    4
  24695. Great video and advice! Caution required. How about buying managed Airbnb from the hotels?
    4
  24696. They rotate the homeless. They’re probably up on North or S. Venice Blvd. In fact, I know N. Venice Blvd. is completely overwhelmed. The boardwalk could be clear one day, and then it gets bad again. They’re still down there on the other side as well. Dennis did not get rid of them. They just shuffle in the round.
    4
  24697. Mike, here in Pinellas I don’t see any slow down at all. In my neighborhood homes that were selling for 300 K or less at the beginning of the pandemic are now over 500 K. For most of the pandemic there were maybe one or two homes for sale. With the rising interest rates and perhaps people sensing we are nearing the top within the last couple weeks we had six homes listed at record prices. One of the homes was a two bedroom, three of them need complete renovations, and they are all under contract already. The cash offers are unprecedented and make it impossible for conventional loans to compete. I think it’s clear that the investors are causing the housing shortage. At the same time that everybody is getting squeezed by fuel, housing and vehicle expense, and as our GDP shrinks, the housing prices have increased by about 40% within two years with no end in sight. I did think that the rising interest rates would quell the market here as it has in other areas but it has not, and houses continue to close well under 30 days above asking price. Meanwhile our housing landscape is becoming overtaken by gray and white houses, the sign of a flip, or investor. The middle class is being crushed and first time homeownership is becoming completely unattainable in this area. They are even buying the most undesirable flat roof carport homes for over 300 K now. Sadly these investor portfolios will probably never see the market again. Rather they will just be bought as complete portfolios when the investors need to liquidate. This is the great reset.
    4
  24698. Very nice video!
    4
  24699. I’ve been watching housing and apartment rents go up and up. Hoping I can still afford to get back later this year.
    4
  24700. Dude, I bet the rectifier sounds sweet with good sustain, I would not even use any pedals with that rig. I have a single slab clear Mahogany Les Paul with sweet sounding P-90's in it. Cheers bro.
    4
  24701. I would be more skeptical if all the experts were calling for a recession.
    4
  24702. I wonder what’s going to happen with summer vacations this year. Are people still going fork over big bucks or will travel numbers be down?
    4
  24703. Thanks for your videos and sharing your thoughts. I’m so sorry that you have lost some of your neighbors, such a sad time. It’s really cool to know that you’re originally from illinois as I’m near Peoria. My sister who lived in Belleville moved to Florida after a house fire about 15 years ago. She has seen some hurricanes, had to evacuate different times but.. she vowed to never move back to illinois, lol.
    4
  24704. I've been in So.Fl. Miami Beach area for over 60 yrs. Up until the 90s, Sunny Isles was known as Motel Row. Literally, nothing was over 2 stories... all lovely family motels with great party beaches. It's tragic what they did in Sunny Isles. South Floridians resent this sun-blocking wall of skyscrapers in the name of politicial greed (property taxes).
    4
  24705. Michael what's you opinion on private equity buying up and controlling properties and business's all over the US?
    4
  24706. Hey, I love 💕 the older generation, I like it! 🤩
    4
  24707. Hi M. I like the fact that this property is in a very nice neighborhood..That front yard needs to be taken care by a yard before I would show it. Those trees need to be straighten. Also the new hedges need to be placed from one side of the property to the other aide. The patio to me needs to be in the back yard for privacy. And replace that area with new front yard in general. Inside I agree with you about the kitchen it is very with the new items stove, dish washer and refrigerator counter and island space. The so called back bedroom with the back bath room is strange. One if the from rooms needs to be the living room and this room needs to be the dinning. To me that is what I see for the most part right now. It was arranged with a different design. It is interesting!! The out door side space also needs new lawn set up as well. Thank you for sharing this small home in that Million Dollar property neighborhood.
    4
  24708. A+ for effort! I hope your video equipment is waterproof.
    4
  24709. Been having cabin fever here in Houston as well, Michael. Too much cold and rain lol
    4
  24710. 👕👔 the plus side to remote work... you don't need to wear a shirt at all. j/k My office went hybrid and cut our office space in half, saving a ton of money here in San Francisco.
    4
  24711. Thank you for the video Michael. Looks like such a pleasant time sir. Enjoy. 😊❤️
    4
  24712. I don't think that the increase in shoplifting in grocery should necessarily be attributed to being lax on crime. The economy is really bad and that is being underreported.
    4
  24713. If you have time take a video of your house inside and out before the hurricane in case you need it has proof of what look like before the storm
    4
  24714. Hey Mike for the no see em fights, calamine lotion helps a ton.
    4
  24715. I suggest of you stay in Destin or panama city beach just make sure you drive and explore scenic highway 30A! I've mentioned this in the comments before because 30A is my favorite place on earth. Just go check out the 30A youtube channel and watch some of the videos on the small communities in the area. I would do two days there and skip tallahassee. Also, The St.Joe Company has cool videos on the panhandle! I promise you won't regret !!!
    4
  24716. Prenuptial agreements should be mandatory before marriage. 100% guaranteed to drop divorce rates to a more reasonable number. Back when I got married I was required to take a blood test—can’t remember why—and pay a fee to the court. It was way to easy to legally commit to a spouse. I’m still floored today on how easy it was to get married.
    4
  24717. Missing the seaweed????
    4
  24718. Have a similar situation. Great place at 2625 Collins. Had a wonderful time. But I'm just concerned for the future. I love how Mayor Suarez is promoting business moves to the sexiest city in the country, but he can't do a whole lot about this increasingly tenuous direction the US gov is taking regarding money policy. Maybe the US is no longer the be-all end-all answer to life in the world. Maybe it's time to check things out south of the border. I'll spend the summer thinking about it, then I might just do some nomad expat stuff for awhile.
    4
  24719. There’s a story out this week Michael posted more people are moving out of FL it’s too expensive and not what people expected. The main lady in the story left after only being here 5 months.
    4
  24720. Lol no this isnt urban beach week
    4
  24721. Love the beach videos. Great content. 👍
    4
  24722. Thanks for the video! I just have a quick question. Did you start your career as a realtor there? How was it? I’m planning on moving to Florida and pursuing a careering in real estate.
    4
  24723. Another great video! Thanks hope things go well with you Michael
    4
  24724. Bring a listing agent is the only way to go. Getting it priced right and then having the buyer come directly to you to get the property is even better! Double side can be an honorable endeavor. I sold real estate in Hollywood and Los Angeles CA 12 Years. Very profitable but high stress,Got tired of it and when the market crashed 2009 I was burnt-out But also knew there was no money anymore in being a listing agent if a buyer couldn’t get a loan for the seller to sell his house. Became a massage therapist I have to say though that people sellers and buyers appreciate people like you and I. There really aren’t to many honest agents out there. Keep up the good work Love your channel and your girl seems like a beautiful sweetheart You are one lucky man...
    4
  24725. Great info,🥰moving few days from chicago so hope to see you around Michael
    4
  24726. Can you tell me anything about Lauderdale By the Sea for renting or purchasing?
    4
  24727. So they gave out mortgages on overvalued homes , I see a resemblance to 2008, if there’s a recession and these people who bought high loose their jobs ( I do not wish that on anyone ) and they cannot afford these overvalued homes , then they either sell at a loss or foreclose, seems eerily familiar,
    4
  24728. Keep showing the houses! LOL 😝 😂
    4
  24729. Love you helpful channel my friend
    4
  24730. I noticed that you and your wife are born born under the sign of Taurus. This particular sign governs banking, real estate, farming and agriculture. There are major perturbations in all of these fields and the astrological explanation comes down to Uranus. Known as the maverick, Uranus is the planet that uses necessity to usher in invention. It is the enemy of the status quo and tends to turn over the applecart. Uranus follows an orbit of 84 years and that means 7 years in each successive sign. It is about half-way through Taurus currently. On May 21, there is a particularly inflamed astrological configuration which may further exacerbate banking crises... although, as mentioned, Uranus' penchant for putting upsets into motion could equally impact earth changes (earthquakes), agriculture (all that California melt water and its impacts on agriculture out west), and real estate (insane escalation of the interest rate). Listening to you, Travis, and Reventure... and being shown that it's NOT a good time to buy, those of us who recently sold (me) have cash and now the bank perturbations are incredibly scary. Many of us feel like we're between a rock and a hard place.
    4
  24731. Can you do a video of how the homestead portability works?
    4
  24732. Been to all mentioned and agree pretty cool locations. Couple of things - many South FL locations mentioned are cool but very similar along with the west side. Also spots on the Panhandle should have been added or mentioned.
    4
  24733. Do you know if is there any free beach in Key Biscayne?
    4
  24734. Thank yoou!
    4
  24735. Yes, I like the house listing segments and your panning around at the waterways. Your doing a great job and I look foreward to all your video's.
    4
  24736. Freedom!
    4
  24737.  @MichaelBordenaro  I'm one of the rarest of the rare, a native Floridian, though I haven't lived there in more than 50 years. Almost time for this prodigal son to return home.
    4
  24738. I liked your choices for the price point. Good deals if you're willing to put a bit into them. I'd like to see pool homes, move in ready, under 450k on either coast. I live in WA state, and I'm looking to buy in Florida at this price range. I enjoy your content. Thanks.
    4
  24739. Only SUNNY Weather VIDEOS Please
    4
  24740. Hello Michael, long time no see. It's a great thing you made this video. I'm having an issue similar to this too. My income info doesn't show enough for me to get an apartment. although I do share an apartment with a roommate. I had gotten the apartment on my own in Jan. 2012 and still living in it. But my roommate had moved in in 2017. Well big mistake, now i want to move into an apartment for myself without any roommates. Sure roommates helps with rent payment but definitely not worth having a roommate. Especially my roommate, he doesnt want to help with chores and doesnt keep the apartment clean. So you understand the frustration. How I got the apartment in the first place back in 2012, I was djing for a go go bar weekly and I was looking for an apartment. I was told at the venue that the owner of the bar also owns a couple apartments and to ask if he had one available to rent. So sure enough i asked the owner and said he had one available and ready to move in. So I had explained to him situation and he did work with me. He just asked for first month rent and security deposit. He did not check my background for anything and this how I got the apartment. Now I want to move to an apartment for myself and live on my own. I was staying low key for sometime because I was recuperating from an acciddent. This case has finally come to an end and gotten my settlement check. so it's time to make the move. The apartment Im in now is month to month rent because no new lease was made over a year now. both my roommate and I share our names on the lease. Since it's month to month rent I can actually hand in my 30 day notice to my roommate and landlord. But like i said my income info is the problem. Would the steps you explained in this video work for me in NJ? Ps I still want to move to florida. sometimes I just feel like I should just pick up and go. I do plan on studying something to get a better job that pays real good or at least enough where I can meet the requirements to rent an apartment. Let me know what you think. Take care pal.
    4
  24741. Very cool, Michael! Super happy for you! Looking forward to the live stream!
    4
  24742. Realtors lie?!?!?!? Pick my jaw up off the floor!
    4
  24743. Hi, I want to go for a month in cleareater florida, do u know the cheapest place I could rent or how to find the cheapest place?
    4
  24744. Really like the thumbnails with the red/white sign, seems like your signature look for a thumbnail
    4
  24745. Jupiter is great and fort myers is better than naples
    4
  24746. You have a beautiful tan.😊😊
    4
  24747. I would do things that were so annoying that they'd leave. Or i could get more creative. Itching powder, certain insects, hey look at my new pet snake, etc. Play on their fears and i bet they'll leave.
    4
  24748. Mike, real estate price in many areas of California goes up ALL THE TIME !!
    4
  24749. You're a good man.
    4
  24750. Haven’t been in an accident in 10 years.
    4
  24751. Don't forget about all the EIDL loans given to businesses in 2021. A lot of those businesses got rug pulled by the government crashing the economy and now will not be able to pay back those loans.
    4
  24752. Just for clarification on the FTX shit show. The $659k was just the liquid assets that the company had available, with the remaining assets being in crypto that would have to be sold off to determine its value (some of which would end up at or near 0). Most of the crypto was transferred out to private cold wallets held by Bahamas regulators for safekeeping. Bahamas wants to liquidate the company and use client money to pay back creditors. Clients obviously want to get back as much of their money as they can. The two competing interests filed separate bankruptcy proceedings in different states, and jurisdiction is pending.
    4
  24753. Great video Michael...Looking forward to your west coast vids. I’m planning to come down soon and the same in hopes to find a great place to snow bird during our harsh Canadian winters.
    4
  24754. Michael, I feel like the banks know the government is going to change the type of currency that we use here shortly. Makes sense why banks will lend to outlandish housing investments. Reminds me of 1971 when they reevaluated the gold and the dollar, digital currency will be the next scapegoat.. You’re definitely right the Fed is covering their own asses, it’s political not economics..
    4
  24755. I would do that if I owned a home without a mortgage.
    4
  24756. How bought pay your bills and I am 71 years old. Everything I pay then I still cannot make it!
    4
  24757. Just because someone could spend $3000 a month on a house, who really wants to be a slave to the mortgage. Better to find a cheaper house and have more life. This is the great debt trap of the American Dream combined with Keeping up with the Joneses and herd mentality.
    4
  24758. Thanks Michael.😊 I have been researching rentals and why they charge the same high rent across the board even in not so desirable areas!! I came across this article ; RENTING GOING UP? One companies algorithm could soar rental prices That company is REAL PAGE . Texas based real page software helps land lords set prices across U.S! Soaring rents,Heather Vogell in publication called ProPublica Writes how CEO’s of Companies had a meeting to discuss this , I strongly urge those who are interested in prices of rentals read it. It’s pretty scary and it’s not reported anywhere! I was doing a deep research when I came upon this information it was shocking! I hope Michael reads it I really want to know what he thinks !! 🤔
    4
  24759. I got this from utuber Handiman something: Handiman squatted on the squatters. It worked. Let him tell his story if you can find it. Squatters suck!😮
    4
  24760. Please do Florida.just spoke to a builder , he said there’s tons of people moving down here in droves , he said that he did not think we’re gonna have such a major shift down here. Please do Florida .Naples area in new community
    4
  24761.  @MichaelBordenaro  So when one market is cheaper, does another aspect typically outweigh that benefit? Let’s say interest loans are really cheap. Is that an excuse for a different housing market to inflate prices. Or is the rise in cost of materials aftermath from Covid and the economy?
    4
  24762. When $USD usage is shrinking globally $ interest rates will remain high to support dependency and global values. Otherwise $USD will crash with mountain of debts. Currently $USD global usage has shrunk to 50% from 75% just few years ago. Countries around the world are doing anything to defend local currency and they understand USA wants to create another financial crisis to wipe off debts and forcing emerging economies to hand over their assets on loans from US banks. Such scheme has done many times. But this time they have alternative. Besides US consumer market is vanishing quickly due to the debt loads on the brink of popping. Basically there are bubbles on everything even on VR bitcoins that already popped.
    4
  24763. The bottom line is that when all the free funny Fed money is completely spent the party will be over.
    4
  24764. I suggest investing a small portion of your portfolio in leaf blowers.
    4
  24765. That sand is worth sooo much $$$
    4
  24766. inflation is way more than 7%. definitely needs to be a cap on how much landlords can raise the rent. This is why I am not buying in this market. I'm sure property taxes will be going up.
    4
  24767. Its not coming it's here🤣
    4
  24768. What your saying is, no good hair days ever? 😂
    4
  24769. His name is Michael and even squirrels Mad Dog him when he walks through their neighborhood
    4
  24770. I didnt know much about Bal Harbour it looks really great. Thank you Michael
    4
  24771. We're preparing our primary residence for our first rental property come Q2 2023, and purchase another residence for homestead in same area. Yes, our rental will be placed with a property management agency.
    4
  24772. Michael, I'm a commercial Banker in the northeast so I follow most of your topics. Can you talk about the extinguishment of the catch up on 401k's. Congress got rid of it in December which will take effect in 2024. Once again hitting what I believe to be the true middle class, and now we will be paying more income taxes once again. This was put in silently, most people don't even know it's happening. The government wants to ensure in every way people do not create wealth. This is why 2nd homes are no longer, they are treated as investment. Wake up America. Hope you can comment in your next videos about this. Thx
    4
  24773. Michael, I did a refi in June and got a 3.5 on crappy credit. Would hate to do that now. Insurance wise I had told you mine was going from 3k to a little over 5k in this month. Looked around and (before Ian) got a Citizens' policy for 2700 !
    4
  24774. As a lifelong Florida resident, also from Miami. I have traveled this state from Pensacola to Key West and everywhere in between. You seem to have missed the absolute best beach in Florida...St George Island. You should check it out.
    4
  24775.  @MichaelBordenaro  < cool. I love Ocala. I really enjoy your videos too.
    4
  24776. Same deal with my car insurance!!
    4
  24777. Michael, you probably know there are 17 homes in the Rolling Hills section of Palos Verdes on Pear Tree Lane that have been red tagged because of a slow moving landslide. This happened last month. Your bird’s eye view might be interesting?
    4
  24778. You are my fav YouTuber. You love what you do and it shows with each installment of helpful info. Imagine how customers feel that paid a premium for a Tesla years ago.
    4
  24779. Even the foreign press is publishing articles about the Sahm rule and all the recession indicators you have talked about, starting to prep the investors for a potential market crash.
    4
  24780. You should play in a band. 👍😎🇮🇸🇮🇸🇮🇸
    4
  24781. You were the ONLY one who commented/noticed Santa.😂👏
    4
  24782. I came to Fort Walton and Destin for vacation, and I am staying at Mariana Bay Resort!
    4
  24783. I already heard all this TAX BREAKS. What FRUSTRATING for me, tho is. Even tho I'm currently single. I'm taking care of my PARENTS. They are TAXING/Milking me like a COW/ ATM machine Tesla dies on COLD WEATHER China electric cars goes on FIRE 😂😂😂
    4
  24784. Hey Mike 🤘
    4
  24785. Cable story in USA Today paper on Friday had a story on all cable firms raising prices of cable and internet in 2023. Comcast and Spectrum raising prices
    4
  24786. snow birds, tourist, who think they are the only ones on the road!!!.............. move the freaking right hand side............left lane is for FAST driving or passing lane some of us are on our way to work geeeeee is all over florida this kind of slow drivers on far left lane
    4
  24787. Thanks for tracking the data for me! Merry christmas to you and family!
    4
  24788. You've been in California for a bit. Do you have anything to say about Housing/Rental. Litigating non Rent paying people in California. California has turned into a cottage industry for attorneys to make a lot of money off landlords.
    4
  24789. Thanks Michael. Always watching your videos & listening to your advice. I appreciate you!
    4
  24790. Not sure if you would have time on the way, cape san Blas has a beautiful beach I camped in Salinas park the beach was powder white dust of sand with beautiful dunes.
    4
  24791. For the algorithm.
    4
  24792. Tropical Florida is awesome!
    4
  24793. I think anytime you live on the beach it is a risk. Sea level is going to rise, Saltwater corrodes, beach erosion happens everyday and every hurricane compromises the integrity of a structure in some way. There is a reason why beach homes were originally built on stilts.
    4
  24794. Of course your not moving out of Florida ! Haha I always knew you wanted a house per that one video where you looked at this tan suburban house.
    4
  24795. My uncle lives in Bonita Springs on a golf course living the dream🙃🙂
    4
  24796. New roof, new AC, just got renewal 4k home insurance 1100 sq ft house in not a great area of Bradenton. What a joke.
    4
  24797. No, not while knowing the recession hasn’t started in earnest and the housing market typically drops for longer than a year in a correction. Why not wait
    4
  24798. this is hilarious ! the system is not even real. it’s over for USA. there is no correction that’s going to happen … everything is going to keep going up ! funny how he talks about prices coming down …… never coming down
    4
  24799. Great video! I can't be more agree with you!100%😎👍
    4
  24800. I always use a Sharpie pen to write checks. I did have 2 checks stolen from the mail. However, I’ve also had someone do a fake check (pulled from the air) and present it to CapOne. Luckily, I never keep more than $80 in any checking account at all times. Just a tip.
    4
  24801. When in this market as a seller should you reduce your over all price and how dramatic for a sale . like days on market then reduce. Or stay strong and let a buyer ask lower price ?
    4
  24802. Good video! I hope you find your dream place! I know Miami is fantastic, but I know you would also love to be a home owner.
    4
  24803. Really enjoying your tour of Florida. St. Augustine looks a lot like many little towns in Northern Ireland and Great Britain where I am originally from. Therefore, I will still head further south.....lol.
    4
  24804. Great job thank you 😊
    4
  24805. Good video! But I'd say share 60 fps videos. They're just more eye candy on YouTube! :)
    4
  24806. Yes!!!! Track the data points you've been discussing. Great idea! Throw those info 'bits' in once in a while.
    4
  24807. It is so sad, and such a tragedy.
    4
  24808. I bought a 2021 new 3 brm home on one acre in central Florida and my property tax for 2021 was only $200 at the land taxable amount but sent me notice it will be $3500 for 2022.
    4
  24809. Great idea!
    4
  24810. Wish you wereright about home prices in smaller communities. In TX for example we've looked miles outside Austin metro area & have yet to find anything affordable. We don't want to be too far from medical care but 2-3 hours away isn't reasonable. Grew up in the area & family's still there but now that we're retired, between home prices & property taxes/rates there's no way we can afford to buy.a
    4
  24811. I thought you said you moved to Miami right before hurricane irma.
    4
  24812. Thanks for sharing this. Super helpful. What are your thoughts on renting in Clearwater/Palm Harbor area?
    4
  24813. Such a nice house in the thumbnail! Where it that?
    4
  24814. Thank you Michael!! That was my exercise for the day 👏👏😉🤣🤣❤️
    4
  24815. Michael,...My girlfriend and I from Maryland vacation often in Hollywood Beach,....and you can just make out the Miami skyline from there looking south. Though we won't be retiring in Florida for a variety of reasons we both enjoy your outstanding videos,....and it gives us more reasons to consider vacationing again in Fla. Btw,...I had to laugh(again)at your midwestern accent when at the start of your video you pronounce it 'FLOOR--i-da''
    4
  24816. If the company is demanding the money back , they better get an attorney to ‘negotiate’ for them. Perhaps they hold some crucial data that the company doesn’t want to be published ? It might get them a payment plan .. I can’t imagine being asked to pay back $100K after 2 years. That moneys would be invested in a new property (that unfortunately would have declined in value 😢) .. congrats Michael. Love your videos
    4
  24817. South Beach is more crowded and the place is more crazy at night with all of nightclubs and restaurants jammed packed! North Beach is more quiet and family oriented and separated from the madness of South Beach. South Beach was developed in the 1920s and 30s with Spanish style buildings and homes and Art Deco came along in the 1930s. North Beach started to be built up after World War Two with late 1940s and 1950s hotels and apartment buildings with courtyards in the middle up to the 1960s when many soldiers returned to North Beach after the war.
    4
  24818. Hi Michael , right timing for this subject ! 🌴🌴😊
    4
  24819. Pay check to pay check on $350K pr yr? Now that there is the master of disaster, mrs doom and gloom herself!
    4
  24820. Charging every 50 miles across Wyoming? They’re joking right? Part of the beauty of Wyoming is that you can drive for hundreds of miles and not see anything! In parts there’s no electricity, no buildings, no cell service, just a fence maintained by local families. There’s a reason why there are signs when leaving towns “next service 200 miles” aka, get gas and pee now!
    4
  24821. Fed announced 3 cuts in 24.. all data dependent of course.. wish things did slow down but we shall see how the consumer holds up after the holidays..Thanks for your insight Michael
    4
  24822. Why Michael? 1 word...COVID, oh yeah TRUMP. "He had to be stopped, at 'all costs'." -LEFT
    4
  24823. I'm sure those are all nice places, but I'm hoping to retire in St Augustine some day.
    4
  24824. I’m missing something. I’m not getting how the air b&b affects the housing & rent situation. ??? Not trying to be annoying. I just don’t follow the connection. How does the payment to home owners help workers???
    4
  24825. It keeps the house or apartment on the traditional rental market so that the workers have somewhere locally to live. If everything is Air bnb for several hundred a night then the local workers have to live in other cities.
    4
  24826. The winners are the ones that buy in at the beginning of a bull run. But they need additional bulls (suckers) to keep pumping it until it reaches its peak.
    4
  24827. You gunned it Michael ^^
    4
  24828. Hi there! Yes. As Mike mentioned, you should be just fine in those areas. I am a dog walker/sitter for 9 years and have always felt safe walking them around the neighborhood, they love the boardwalk and beach stroll.🐾🙏😎
    4
  24829. Key words here are “temporary and “manipulated” more so now because of all the information out there. You can really make the algorithm of information go down a rabbit hole to cause panic. It makes Americans buy more. The whole toilet paper scenario is tattooed in my brain. I still have a big stack in my basement.
    4
  24830. Congratulations on your award, Michael! I enjoy every video you post and have benefitted from your pragmatic and sensible advice.
    4
  24831. Great job Michael Tell it straight up
    4
  24832. I wonder if it will be similar to the results you gave us from the last hurricane in SWFL where it dips in December and then goes up in the spring
    4
  24833. Thanks for all this information!! I learned some things. Also would be interested in auctioned properties
    4
  24834. Great Video !!!!!🧚🏻‍♀️
    4
  24835. If you need a place to live, you need a place to live. The longer you stay in the house you bought, the less relevant purchase price will be. Of course it's better to buy at the bottom. But sometimes you just can't wait.
    4
  24836. I wouldn't call Columbus "the Midwest".....certainly not Philly!! You can literally swim to New Jersey from there. At any rate, wages ain't keeping up anywhere.
    4
  24837. People are getting greedy. Stop buying overpriced homes and they will drop. I refuse to buy now and hand over 100 k more just because
    4
  24838. Yea, we did it guys, Yahooooo!! We're all set now, go out and spend, spend, spend. The dingaling said we just experienced "zero inflation". They're doing some great work in the Emerald city. These people ar so so smart! We're so lucky to have them in office. We all of them a debt of gratitude.
    4
  24839. It's not a land shortage we face. It is a fresh water shortage we face, especially West of the Mississippi. Just ask the good folks that live around Lake Mead an Lake Powell. Just sayin'... 😎
    4
  24840. Florida is uninhabitable the insurance companies are telling you all you need to know
    4
  24841. Fantastic video!!!! Looks like we won't be moving to Palm Coast until August now with new construction hold ups. Truly love your videos and find them very helpful! Thank you :)
    4
  24842. One last thing a lot of people love to move down here and people somewhere else across the world for a job down here at Florida one or two or three years they want to move out of Florida that's their problem no people should have problems about dealing with other places like this okay it's the same thing as like California just like when people want to leave California just like Florida Florida has nothing to do with California Florida's different in California be like everyone else and people need to stop complaining about it and that's it.
    4
  24843. Is this near Thousand Oaks? That’s where I am, so it looks a little familiar:)
    4
  24844. Incredible how the real estate market in Florida is getting hot again even with the higher rates.
    4
  24845. Damn I wish I was there too on this beach enjoying the sun and the cool clear water 🥲😃
    4
  24846. They raise it up $1 million they might as well keep the house cause they’re not gonna sell it
    4
  24847. Great video Mike stay safe what a nice view of the water dealing with the storm in New York what a mess just got my power back keep up the awesome videos
    4
  24848. YAY LISI. Beach bod. Ready 🤙🏾
    4
  24849. As for fines and taxes the government has to make sure the owner is duly notified. In your story, the government did not do this, and therefore much of the responsibility is on them. Hope a lawyer doesn’t cost too much.
    4
  24850. Same lies they used in 06-08 you can refi your arm loan…not if you have no equity !
    4
  24851. The market will crash…layoffs are already happening. The problem with Florida there are a lot of fixed income folks who can’t handle the increases in property taxes and the mess going on with insurance. The remote workers living here can’t get Cali pay after the layoffs since they are living in N Flo. I’ve seen so many complaints about how low wages are here…duh
    4
  24852.  @MichaelBordenaro  Everything is good there!!
    4
  24853. Been crazy at my FT job and part time tour guide job
    4
  24854. Beautifully done! A great video that helps us thru these stressful days!
    4
  24855. Your cut came from a murder weapon discarded by Tony Montana :p
    4
  24856. Living in Canada, the warm weather is such a GIFT!!! It's truly amazing.,
    4
  24857. One factor that is seldom discussed when people are talking about house prices, inflation, food shortages, retirement, etc. is population. In 1970, the world population was approximately 3.6 billion humans. Today, the world population is approximately 8 billion. All of those additional humans require food, clothing, and shelter, which drives up prices unless production is increased proportionally.
    4
  24858. Great Vid Mike - I’m not being funny when I say in my opinion a RE crash would be -80% to -90%…thats a real crash. -20% to -50% is market ebb and flow imo
    4
  24859. Thank You for including Naples. I really wondered about Naples.
    4
  24860. I’m planning on moving to Orlando in few months from Illinois will be looking for a job there, but will have funds to pay upfront for rent for 12 months. Any recommendations?
    4
  24861. 👍
    4
  24862. Death & Taxes. No escaping either 😕
    4
  24863. we are looking to move to New Smyrna Beach. The prices are sky high there but my home is up too. What is the best way to do this, do i sell my home and rent till the market crashes? If I sell now and got a lot of money then where do i go?
    4
  24864. I want to visit! Is it only for retirees?
    4
  24865. How about a video of the STARS homes especially Barry Gibb
    4
  24866. So I don't need a insurance even in a condo if I don't have a mortgage? Thanks Michael another good video 👍
    4
  24867. Be patient and save money, that’s my strategy. Hopefully it pays off in a few years. Great video thank you 🌴
    4
  24868. Florida is getting hit very hard stay safe 👍
    4
  24869. Yep so true, good business ethics and service is hard to come by in south Florida. And lots of lying as well. Honesty is the best policy and being punctual and following through with your word, like returning a call or following up. You’ll be ahead of 99% of others in your field.
    4
  24870. I'm sure it would've felt a lot different during the other seasons! Do you know what that noise is at the field 30:25 or so? There's the same noise in the summer where I'm from and never knew what it was.
    4
  24871. Outstanding! Let's see more behind the scenes Airbnb, also I would love a behind the scenes of Wavy Boats, you mention the channel before now I'm addicted to it, I always loved the Cigarettes in Miami Vice but this is something at a different level. I love to watch the POWER and the beauty of Speed Boats. Also I did some research and are those guys really paying $300 a day to film at Haulover Inlet? I have seen about 5 channels about the Inlet
    4
  24872. I'm on the Reventure side of predictions at a 40% drop in most of the U.S.
    4
  24873. Please make video on insurance situation.
    4
  24874. I agree ☝️
    4
  24875. Bet the remaining 31% are realtors.
    4
  24876. My experience, even after The Fed drops their rate, the banks will not follow quickly, they hold the higher rates (collectively/collusion) for a long time. Banks use this technique to enhance profits at borrowers expense.
    4
  24877. Michael, I was thinking a good idea for a video right now would be a kind of vlog filmed over the weekend talking about your feelings and preparations for this hurricane comimg towards South Florida. For a lot of us hurricaines are our biggest fear about relocating to FL and the news media creates so much hype, that it might be really interesting for us all to see the reality of how you feel knowing it is coming and the real impact it has on the life of a person as you live through the threat, the event and the aftermath. I know this is a Cat 1, but it would be interesting. If you cannot do it this time, you could keep the idea in mind for another time. Anyway, KEEP SAFE.
    4
  24878. Word of caution, a lot of realtors do fail in being realtors, but it has a lot to do with mindset. They treat it like a 9 to 5 job and completely turn off at certain hours; my brother is like that he has been struggling for 2 years selling houses, I noticed he turns off at certain times a day and certain days. He never got off the mindset of only working 40 hours and being done for the week. I've been a business owner for several years, I talk to clients at 3am while in bed, while on vacation, I never shutdown; I'm the business.
    4
  24879. My daughter works for a California company, she told them that she was going to move to Tennessee and she wanted to work full time online and they said no she said then I'll quit and they said never mind she's my Rockstar. She kind of takes after her dad, little cocky mostly adverse to the don't fuck with me rule.
    4
  24880. Welcome to California! I live in Newport Beach (in my opinion one of the best beaches in California) If you decide to come down this way, let me know and we can have a meet up at my house. I make really good bbq tri tip and chimichurri. :-)
    4
  24881. State income tax is a lot less then what state cost to live in with state income tax !! We have a lot less tax on our homes and property..
    4
  24882. If you are not concerned about lay offs you definitely should consider being concerned. These tech workers are only getting laid off because the industries that depend on them are predicted to go down or already are. Keeping in mind that most of these massive companies make their money either on advertising or business to business services, that means that main street is also going to suffer IMO. This one is going to be a doozy.
    4
  24883. I wonder how long does it take for sellers to realize that most people won't and can't spend $5000 +hoa a month for a 800k condo. I'm in Southern Cali. Good video, thanks. 😊
    4
  24884. Bunkering down in Punta gorda! Could be a direct hit..
    4
  24885. At least there are jobs available for these folks.
    4
  24886. i like marco Island. 30 minutes south of Naples. very tropical. easy to navigate on the island. alot more quiet that most beaches in florida. we are bout to purchase a condo there and i am glad its considered sleepy and boring lol i dont want a miami or clearwater. Marco has great beaches and a more laid back atmosphere compared to naples. its also only a 2.5 hour drive to the keys for my keys disease lol
    4
  24887. @Michael Bordenaro I remember watching another video where your sports car parked/stored in a garage had mold problems. So pick your poison living by the beach, mold or rust!
    4
  24888. LOVE your videos. I learn something new all the time. HOWEVER ... I wonder, worry and hope you are wearing sun screen cuz we (your viewers - including myself) don't wanna see anything [skin wise] happen to you ;)
    4
  24889. Houses are over priced by at least 50%. These dudes that are holding on to multiple homes are lowballing what's coming because they are hopeful.
    4
  24890. MICHEAL, How can we get in touch with you we are looking for an affordable place in Miami! Your videos are Great
    4
  24891. Good stuff Micheal you coulda just sang Hollywood nights by Bob Seager and saved us 17 minutes 😁😁😁 .man I wanta see that cmon Michial dew et.
    4
  24892. This is the dream life 😍😍
    4
  24893. God Bless 🙏 Your knowledge is much appreciated 💰 💰 💰
    4
  24894. Your dad is precious! Loved the video!
    4
  24895. I found this video as I am getting ready to retire in November. The retirement seminar teaches moving to another state rent first b4 buying. I own my home here in Wisconsin and looking to retire in another state. No way will I be able to pay rent and a mortgage here. This was helpful thanks
    4
  24896. 73 is perfect my ideal weather is 74 no lower than 60 no higher than 79 even Hawaii is mid 80s in the summers is too warm for me. San Diego and Newport Beach are great in winter but Monterey California is top 3 for July and August. California has the sunsets but colder water. Gulf coast Florida has the sunsets but no surfing
    4
  24897. Hey
    4
  24898. California has a lot of advantages and things to do; I’ve lived here for over 40 years. But if you are house poor, raised kids and don’t have the money to do most things here. Maybe it’s better to sell and take my 400k and buy something cash elsewhere. Then I’ll have the money buy a little ranch and then to travel to many places as I’m still relatively young. What do you think?
    4
  24899. I watch your informative videos all the time. Im looking to purchase and you have given me hope of possibly getting a house i can afford.
    4
  24900.  @MichaelBordenaro  If you do, remember that twice a year the city in full of bikes and spring break seems to last a month.
    4
  24901. Nicole, spring break is not as bad as it was in the late 80s 🤪
    4
  24902. We are now waiting on listing our home, especially due to the significant reduction in inventory in the home market we are looking to buy in (rural property on acreage).
    4
  24903. I own a nice 3 bedroom 2 bath home with lots of off street parking. I live alone. Thinking about renting part of the house out to someone I trust, for less than the market value. Just to help build a savings account. The renter could ride their bike to the beach. Palm Beach.
    4
  24904. Life in Miami isn't normal.
    4
  24905. In Oahu it illegal have ABNB unless it permitted by the county. If you have an illegal ABNA you get fined 10000/day.
    4
  24906. I sold a house because it was hunted plus it was built on an Indian burial ground. I let my hunting dog loose in the canal and he came back with a human hip bone. House was built in 1957 we stay there the longest out of all the previous owners, 18 years. Beautiful house I remodeled it completely with a pool, canal that would take you to the Biscayne Bay, 10,000 SQF lot plus the canal. But it was way too much to take.
    4
  24907. Another superb and thought-provoking Michael! Keep up the good work.
    4
  24908. I just had 2 older cars that needed required and emergent work, total was 2 K. That goodness I keep a little cash reserve , that would of been painful if I had no cash
    4
  24909. Thanks Michael!!!!
    4
  24910. Hey!
    4
  24911. Moved to Sarasota from Cincinnati. I do miss being close to mountains in Kentucky. And Hocking Hills Ohio near Columbus is an absolutely stunning area. BUT, I dont miss the cold weather (and snowy winters) for 5 months!
    4
  24912. Hi, have you seen the Nick Johnson video of worst places to live in Florida? It was about 10 months ago. Really scary 😟
    4
  24913. Your videos and the information contained therein is of the utmost value to us...keep up the EXCELLENT work!! Thank you!
    4
  24914.  @MichaelBordenaro  We'll see what happens when I go down to look, this move is already stressing me out, so I'm hoping to make it as easy as possible
    4
  24915. Are you serious!?!? That house was bought for 500k plus and placed on the market for 1.3 million less than a year later!?!? Damn investors!!!!!!!!!!
    4
  24916. Hasn't every house built in the past 15 years been subject to the 2007 codes? I don't see why adhering to the existing codes would cause an increase in costs.
    4
  24917. This has become the negativity Vlog. Everything is a downer. Positive economic news is spun here as calamity. I guess if you just predict a bad economy for years it will eventually happen.
    4
  24918. Great analysis of California I live in Orange County I love it here when it comes to variety California is second to none beaches - mountains - desert - great weather - the giant sequoia trees - northern Cali beautiful- Napa valley -entertainment second none ….. ….but the politics the homeless the government sucks but I’m here to stay…
    4
  24919. Those jobs numbers are BS, they always are inflated and then later they will be corrected.
    4
  24920. How about bugs? Mosquitoes, flies, cockroaches. Have seen those mentioned in videos from others, but they were talking about Florida in general. Maybe they're less of a problem in Miami Beach? Or you don't have to deal with them because you live in a high rise condo?
    4
  24921. 👍✅🙀✅👍
    4
  24922. $6300 ??? Per month How much can that buy with a mortgage at 6% Housing sales still very strong in Philly burbs and S. Jersey shore FL always leads way in foreclosures as do Vegas and PHX. CA next. Those that soared to record prices will fall the most.
    4
  24923. I like the idea of taxing empty properties but there shouldn't be any loopholes to avoid abuse and make it fair, it should just be a blanket tax. People forget that we need to stop spending to tamp down inflation so I'm for heavily taxing any major purchase that isn't a home a family will be living in. 2nd homes, investment properties, etc etc. If people have money like that to spend w/all that's going on, then they can help contribute and it shouldn't break their bank. btw I think it's insane that people would spend a million or more to buy a tiny old house where you could toss a rock underhanded and hit your neighbor's house. You can probably hear their toilet's flush they're so close!
    4
  24924. Great video again with excellent advice. Speaking of checks and payments, can an overseas RE buyer wire money directly to your escrow account or do they have to first wire it to a bank and then transfer it to your escrow account? They could skip a step by wiring it directly to your escrow right?
    4
  24925. I really enjoyed your video and will watch more that you've put on here. I am prepping to move to Islmorada / Tavernier area in Monroe Co. between now & Sept. Will be driving there all the way from Seattle. I don't know anyone there and will figure out where I live & work upon arrival, but am confident it will be a great choice. Seattle is far more expensive in every way and to be honest just too weird for me at this point. Is getting by in the Keys at least fairly doable, in your opinion? (I've been to Tampa, Orlando and around Big Cypress in the Everglades before and loved all of it.)
    4
  24926. Brilliant idea- I would love hear what you have to say around Boca Raton if you cover this Area. In England make much more sense to buy and I thought it is the same worldwide but Ive heard that in USA it is not always the case 🧐. I have a funny feeling that by the time the virus issue will be over and we can actually do the move, Florida will be full 😩
    4
  24927. With a credit score of 780+ ( meaning 800 - 850 ) and a 20% + downpayment, the current 30 years fix rate mortgage is ONLY 7.957% :face-green-smiling:
    4
  24928. This is really an amazing video. I am shooting videos about the city of Vienna / Austria on my channel.
    4
  24929. I think by you pouring out your wisdom you are affecting peoples lives . Especially from making greatest life mistakes . Keep it up we are blessed by you . Thank u for being transparent if I need a realtor in the future of course I will definitely hire u here from miami . We all appreciate your time and wisdom.
    4
  24930. Nothing is mentioned about the shutdowns causing people not to work that also causes a supply chain disruption and a supply reduction. All the stimulus from the Government caused an increase in demand for the remaining supply. The Fed wants to reduce the demand with an unintended result of a recession with mass layoffs. People without jobs will cause the demand to go down but will destroy the entire economy. Fixing the problem causing inflation which is the supply chain disruption would reduce inflation and improve the economy.
    4
  24931. I can't wait to see miami!!
    4
  24932. Most can relate, I had shortsale in 2012, FHA covered difference with mortgage insurance 100k, but made it and are 10x better by working more, rented for 3 yrs, bought cheap home in 2016.
    4
  24933. I like listening 🎧 to Michael... keeping up with economic news with smooth delivery.
    4
  24934. I cannot stand how obsessed we are as a society where we value manicured lawns over diversity. Mowed lawns do not encourage life.
    4
  24935. @Michael Bordenaro I find it interesting in the example California for sale homes you show during the video where the actual percentage increase in price isn't that much. You'd think there would be close to a 40-45% increase in "home value" from 2014 to today. I guess not in California.
    4
  24936. Palm Coast is at and below sea level in some Neighborhoods check with an agent for flood insurance
    4
  24937. Love this! Going to try it out when I go up there. 🤩🤩🤩
    4
  24938. There are not many affordable houses ANYWHERE in America that is real desirable to most people. The inventory in Miami is greater because it is a more transient town, and so much inventory is high-rises, where turnover is always greater. I think a place like Coral Gables (other than Miami U housing) is pretty stable, as it is gorgeous, and more low key than Miami Beach or Brickell, Coconut Grove, or even Aventura/Bal Harbour/Sunny Isles. St Augustine is not a big jobs center, either, meaning it attracts a different buyer - those who work remotely or retired/wealthy folks.
    4
  24939. Be blessed Your body is the temple from your life so keep him clean then you live forever even you die in your flash body but your actions stay here forever. I Love the way you sher your experience
    4
  24940. well, perhaps you can explain the last week here (middle of nowhere midwest/mtn west). Have watched 12 homes go under contract this week (so far, so 3 days), in a market of about 75 homes for sale. That's probably 2 to 3x the last few weeks. I'm all outta ideas to explain this. maybe half are decently priced/good houses/good neighborhoods, the rest are overpriced (IMO)
    4
  24941. Best Florida blogger.. Informed good information and subscribed..His advice on HOA and highrise issues was addressed before the accident..
    4
  24942. I seen them repo man they drive through mall, parking lots and shopping centers going up and down the aisles scanning tags for repos!
    4
  24943. Thanks Michael! I am currently looking for a condo in Miami Beach, near Lummus Park!
    4
  24944. i think it's an incorrect survey you pulled. I have asked people around me (i know it's not scientific at all), and only about 15% people saying the housing market crash is coming. That's a very big difference.
    4
  24945. Seems like the agents fabricate that they have multiple offers, just to get the buyer to move quick and offer up. How would we as the buyer, ever know, if this is true. It's a bit un ethical.
    4
  24946. What up 😊
    4
  24947. Another good video and great information to think about.
    4
  24948. Hi! What are your thoughts on North Port? I believe they are part of Sarasota County? I’m looking to relocate in August ’22 from California. I’m just now doing all my research and it sure is overwhelming. Thank you 😊
    4
  24949. Understand and agree with you. Honestly we bought in 05, sold in 2012 100k less. Now we bought in December 2021, we will do everything to keep our home this time if we lose employment.
    4
  24950. Because you're building equity, overall I'd say yeah it is.
    4
  24951. Renting is cheaper..
    4
  24952.  @MichaelBordenaro  Agreed. I’ve been looking at Safety Harbor, Osprey and other not so well-known communities on the west coast. If your going to buy I’m an inflated market, buy at the lower end (maybe a small condo versus a house); that way the absolute amount over intrinsic value is less, even if the percentage over intrinsic value is the same across the spectrum. Then, after a couple years, when things hopefully normalize, sell that place and get the nicer place you want.
    4
  24953. I would not feel comfortable retiring with only a million dollars. That allows $50k a year which is fine for us but lasts only 20 years. Factor in inflation, you have a problem. You live longer than 20 years, you have a probem. You drown in medical and nursing home expenses, you have a problem. We don't know the individuals in the survey, their lifestyle expenses but just basic math shown above means they are all correct. You definately need well over a million to retire, apparently the millionaires surveyed are barely millionaires. The MM account we just opened will earn enough interest to pay our property taxes, home insurance, all our utilities with some to spare. The millionaires surveyed could put their million into the same account and live off of their SS checks plus $33,600 a year. Unless of course their home equity is their millionaire status, then no. They are the wrong millionaires to be surveyed.
    4
  24954. You have definitely became a part of my day and keeping me In the loop I’m moving to Florida at the end of the month to Ocala/belleview area.
    4
  24955. Coco Walk, is totally dead. Just a few blocks away on Main Highway you have Coconut Grove West, nice cafes, galleries and boutiques.
    4
  24956. I'm glad you mentioned the climate change issues. I have also wondered how even if that flooding scenario doesn't happen, I know there are a few in the keys that are already suffering, the climate in general may be more inhospitable. It may be endless summer with no relief of the heat.
    4
  24957. Wow! $200.00 for a water bill. I conserve water, by hand washing dishes, laundry one day a week, we will do whatever it takes to save $$$$. Instead of having all the lights on the house, start unplugging lamps." And keeping the lights off, you wouldn't believe how much money you can save per month. That applies to many different things. Live within or below your means, just NOT above your means
    4
  24958. Waiting for Florida prices to drop
    4
  24959. The whole Tampa Bay area, including Clearwater Beach is overcrowded, overpriced and looking like every place else in the suburbs of the US. Moving to Clearwater Beach because of the Sunset party is nuts. Half the time, you can't get parking. That's a couple hours out of your day at most and you won't be doing it every day. Traffic on the beach itself is unbearable. I have a love/hate relationship with my home area. Love the temperatures, hate the overcrowding and overbuilding that's coming about. Most of the state is on fragile limestone and springs base and is crumbling because of the weight and the sucking out of all the spring water to support the population. Builders are exempt from impact fees, and even tho we don't have a state income tax, we have fees up the wazoo to make up for that and for selling out to businesses and builders. The state makes millions DAILY from the toll roads. All that criticism aside, it was very cute when you said 'plastic surgeons' about Coral Gables. I would suggest the smaller towns that no one heard of, because they still have old Florida character, but that gets less and less every day.
    4
  24960. Same thing at the Jersey Shore people pay $800,000 or $900,000 in cash and than knock them down and build new amazing. Obviously Not everyone is hurting
    4
  24961. @5:10 thanks for that timely reminder on FOMO. I have been feeling this.
    4
  24962. You left our Broward County. I live in Tamarac, west Broward. Quiet community, 10 miles from the beach, Coral Springs next town has the most restaurants, and some are terrific.
    4
  24963.  @MichaelBordenaro  Yes, it is unfortunate that actual real people cannot buy a home in Miami due to this craziness. I must say I am happy myself, as I just got my new house in Nice, France, 2.9 million, 3500SQF, 1 .2 acres, pool, 4 BR, 4 1/2 baths and property taxes only 3100 Euros per year. Why can the USA do that? lower this crazy property taxes? This would help as well any new buyer.
    4
  24964. If current trends continue, in a few years you'll be able to walk through Opalaka without getting mugged.
    4
  24965. Thank you for your tours 😀
    4
  24966. i will live in a van down by the river. free
    4
  24967. Hi michael, what is the alternative ? When i am looking for ROI
    4
  24968. I can't stand delusional greedy sellers. Do they think we're too dumb to not do our due diligence when it comes to house pricing history? It's online and available! I hope these sellers go broke...lol
    4
  24969. Great Value!
    4
  24970. Florida any day over California !!!
    4
  24971. Michael thanks for mentioning the Central State Media is full of shit completely! Denver Colorado literally falling apart . A police officer was killed in broad daylight in a tent city downtown wasn’t reported for half a day ! I worked in telecom supporting small medium businesses, out of 24 installation integrators 4 remained in a year , my property management contacts are showing 9% occupancy on new apartments built lol ! And 4% occupancy in commercial real estate here in the tech center alone , they say they keep the lights on for appearances. Overall the state lost 354,000 real job positions since 2023 and that’s from the business bureau and our chamber of commerce numbers. Other cities are doing just as bad here , Boulder, Ft. Collins, Greeley, Pueblo and Colorado Springs, and were the 20th greatest area and 9th economic city in the country . Scary shit
    4
  24972. 2 DAYS OF HARD DESERT RAIN 🌴💦🏄‍♀️
    4
  24973. 🙏🙏🙏
    4
  24974. born and raised californian here. I've lived all over both northern and southern california. If money was not an issue these are the cities i would live in in a heartbeat regardless of politics: san clemente, laguna beach, newport, carmel or santa barbara. Cities in california that you could not pay me to live in: San francisco(including all surrounding Bay Area cities), any city in Los Angeles County, bakersfield, stockton, fresno. Slightly more affordable cities i have or would consider living in: ventura, bodega bay, fort bragg, cameron park, tahoe, shasta. The politics suck but i love california still. I've considered leaving but cant figure out where else to go in america that is similar to Cali. If you like the weather in marin county, consider going farther north to Dillon beach, bodega bay, or fort bragg or south near Carmel or Monterey. The poison from san francisco pollutes the neighboring areas. Also not all counties in California are run by far leftist woke morons, i think its mainly Los angeles county and SF county.
    4
  24975. These higher rates got everyone spooked
    4
  24976. I been there 3 times. I miss it. I miss Florida, last I was at Sarasota, St.Pete and St.Augustine. I wanna go back.
    4
  24977. Mike!!
    4
  24978. It's really easy to spot the difference between the organized retail thefts, they've shown the videos where one guy opens the door and then a mob rushes in with trash bags and starts emptying the place in minutes and the single people who steal things out of poverty like bread and laundry detergent. I think we'll only see more of both unless consequences change. It's sad when people have nothing but this type of retail theft only gets passed onto the people who pay for what they get. I know people who joke about doing their holiday shopping in CA as you can essentially legally steal there and people even show up with calculators so they don't get arrested for going over the limit. Sad
    4
  24979. I'm looking to retire on sunshine and inflation. Tampa make some room for me. Only the Tampa, Florida, metropolitan area had double-digit inflation -- up 11.2%, little changed from the 11.3% high in May.
    4
  24980. Can someone please explain to me why NYC rentals have only gone up exorbitantly???
    4
  24981. Great great video I really enjoy these street tours.. so fun to listen to you talk about it. I reside in Wisconsin and hope to relocate to Florida in 4 years! Thanks Michael..love your message too..
    4
  24982. I don’t know ? I just heard Glen Beck say on his show that the average Rent payment is $2000 dollars. What is the average house payment today ?
    4
  24983. I’d be interested in seeing some content on Naples and North Naples! Considering a move there so would be interesting to see your outlook on the area if you head there. Sarasota as well!
    4
  24984. Politics, freedom, schools.
    4
  24985. 5% lol 😂
    4
  24986. first :)
    4
  24987. Best time to buy computers is about a week after black Friday to just before Christmas (open box at Best Buy). Also the deals get better near Christmas especially on Gaming Desktops.
    4
  24988. Holy cow! Excellent expensive condo, and not much to it. I mean, it’s nice enough, but nothing extravagant. The view is nice though. I wonder how long it will take to sell this place.
    4
  24989. Do you live in a condo or apartment ?
    4
  24990. Really good information... Thanks for the detailed video with explanation of what is happening or possibly could happen... Very important!!!
    4
  24991. Mike. that whole thing about Florida being underwater.. Well, that same map was used in 1971 and they said that by the year 2010. All of Florida would be underwater. The US Parks department also said that all glaciers would be gone by 2020. Well, none of that happened. Will it happen? Maybe. In your life time? No, In your kids or grandkids lifetimes? All, probably not.
    4
  24992. Treasure coast analysis would be great.
    4
  24993. Cute area, thanks for giving us multiple views of your area. Love that you give us the information, no drama. Just the facts.
    4
  24994. It’s a stalemate.
    4
  24995. The Crown Jewel of California is our National and State parks. Truly a gem.
    4
  24996. Don't cut rates!
    4
  24997. Florida the new California.......
    4
  24998. I could feel the steam coming off the water all the way from California
    4
  24999. Yeah you were talking about all the empty houses. That's because they don't rent them, and they get the hell out when it gets busy like this lol.
    4
  25000. You might want to go down and look through the Melbourne-Palm Bay area for more affordable nice beach towns.
    4
  25001. I live in Illinois and I absolutely HATE!!!! This God awful DumboRat infested state! Moving at 20 shows independence and freedom for a young man! Kind of what this country was found on. Good for you for getting the hell out! Red states are the best states and you have sunshine and oceans - great move on your part and never look back. My time is hopefully coming soon.
    4
  25002. We went to Florida in May to look at new home communities and it was so confusing! You had to get on a waiting list, just to be on a real waiting list, or something like that. There was zero inventory or available lots. I couldn't follow any of it. It would be great if this frenzy died down and you could look at homes or lots and a full price offer, with inspections, gets you one. Since May, prices have only gone up. I feel defeated.
    4
  25003. Enjoy the beach Michael! Stay cool!😊😊
    4
  25004. As an adult I have never lived in a house. I grew up in one but I never had to make repairs. A house is too much trouble, for us to take care of. But We live in a coop the rules are exhausting! the monthly fees NOT including utilities are 2000 a month! They don't even do repairs any more and we are stuck! They claims the monthly fees are to take care of the outside like snow removal and tree trimming. I heard condos didn't have those rules. Shocked to find out that they do!
    4
  25005. Cool place Michael, great place to stay. Last time I lived in Tampa 07--12... I don't remember all this rain. It was dry in the Spring which is normal but been raining just about every day since early June. Enjoy
    4
  25006. Sellers in my area are digging in to keep the area listings as high as possible. Hopefully after sitting on the market for 6 to 9 months, prices will come down and inventory will build. It’s going to be nice to finally buy in Florida but the question is when. The so-called experts and wishful thinkers.
    4
  25007. Is your goal to show us stuff or a vacation? If vacation, just go with what you feel like doing. If for us, get moving! Lol
    4
  25008. I don't know maybe I'm just a Karen but some of my neighbors man will leave things out for days and days..... I had a neighbor that just did not give a crap about their grass and it crept into mine it was just a nightmare
    4
  25009. Property prices will adjust down to reflect higher insurance rates. Near the water there will likely be enough rich buyers that can self insure and so keep prices high. Good luck to those farther inland.
    4
  25010. $25K water bill that seems sus
    4
  25011. Good video!
    4
  25012. Love this video, Michael! Fantastic information! Super valuable! I wouldn’t be surprised if a lot of those houses sold because of this very important video! I just forwarded it to a friend of mine, who is looking to move to Florida from Tennessee.
    4
  25013. It’s also worth to mention that renting in a rental building/complex has even more advantages. I rent in Brickell in a building rental and: - Since there’s no actual landlord, you won’t be asked to leave the unit as long as you pay the rent - Any issue with the unit is repaired frictionless, that means, I don’t have to look for people to repair an issue or stay in my unit in a 6 hour window waiting. The building’s maintenance people just schedule a day to enter to my unit and repair the issue - Neighbors don’t feel entitled as no one is an owner, so they can be evicted if they don’t comply with the building rules I love Brickell and specially the Brickell City Centre area, and trust me that very often I do analyses about owning vs. renting+investing, but in Brickell it really doesn’t make any sense to own.
    4
  25014. I paid my own way through college / trade school
    4
  25015. Hello Michael, Video looks great man, thank you so much for the tour, it will be nice if you maybe one day tour some other neighborhoods in Miami area, like Coconut Grove, Coral Gables, Miami lakes Etc..... Thanks
    4
  25016. It's funny how people think. A new President got into office a week ago and things haven't changed. We're doomed! Lol
    4
  25017. Nothing a couple of beers won’t fix.
    4
  25018.  @MichaelBordenaro  Well, my experience has been that if they hold out long enough, someone will buy it at asking price. Thing is, the asking price is very inflated in almost every case--50% to 100% over 2020 valuations. So I'm not sure if they did me a favor or not?
    4
  25019. ​​​​ @MichaelBordenaro I understand, so a governor couldn't have seen that coming and create legislation that would have prevented what's happening now? After the fact it's going to be much more difficult to change it.
    4
  25020. Insurance companies are in business to make money.... and most of them do quite well.
    4
  25021. Who would want to afford an $800,000 house. I rent a place in Thailand on an Island for a month at $450 for a monthly stay. You can purchase a house there for $68,000.
    4
  25022. My prediction, Homes going back to pre pandemic values, at that point there might be a bounce but after that your guess is as good as mine... The economy is collapsing SLOWLY. SO THOSE THAT PURCHASED at the high will be deep underwater and start panic selling ... let's see 🍷
    4
  25023. Nice video Michael...There are numerous YT sites about the Villages I'm sure you know. The houses run from $250K to over a Million. The only thing I don't like about them is the lack of privacy. No fences & the houses are very close to one another. Also, no basements but I think that is a Florida thing. In Ca. most houses have fenced in backyards, but in the East & Midwest they don't. Not sure why. Also, you failed to mention how much your room was. Just curious.The room looked like a 4 star hotel. I'll have to visit one day. Also, how far from the Beach? I think over an hour drive. What is the nearest Beach?...Thanks
    4
  25024. I’m a Florida native, left 4 years ago when I was 30, lived there all my life…It made me so paranoid about the sinkholes, like even while driving, can you imagine driving and the ground just drops 😖 I’m good lol
    4
  25025. Hey Michael. We r looking to buy a condo in North Miami Beach 1 or 2 bed/1 or 2 bath near beach. What is the price range for condos?
    4
  25026. I’m in San Antonio and house prices have dropped a little but they are still way over priced.
    4
  25027. Is Citizens insurance going to require everyone to purchase flood insurance in the near future?
    4
  25028. "famous youtubers" arent really that famous usually only about a thousand people know them
    4
  25029. You definitely sound like you know what your talking about. I need to ask you an important question. Next year im moving to south Florida. Before I started doing research I had my mind set on moving to Miami/Miami Beach because of the night life and beaches. After I started doing research I found out about what you talk about in this video such as Expensive real estate, food, insane traffic, and the fact that im white and dont speak spanish. I care alot about the night life, I want to live in a spot where bars are open late like 2-3am and the ocean views are beautiful. I am going to be getting a job in the hospitality industry like a Valet Attendant. At a certain point though I will be trading stocks full time so the Valet job won't matter. I would also like to own and ride a jet ski and maybe learn to wind surf. I dont want to live in a place where theres not alot going on and theres speed traps everywhere and cops are harassing you. Im 41 years old and single and im trying to buy a condo close to the water with an open ocean view for around $225,000 or less. Because of everything I talked about im thinking living in a bigger city makes sense so I came up with Fort Lauderdale as a good option. Does that make sense in your opinion? It seems like its a toned down cheaper Miami. Im from Boston so im used to traffic but that Miami traffic seems like its on a different level. Im very curious to hear your response. Thanks for your time.
    4
  25030. Your extraordinary gift of explaining things clearly with just the right amount of cynicism and skepticism, truly leaves me lmao 😂😅. 'I am just along for the ride.' Beautiful!!
    4
  25031.  @MichaelBordenaro  it’s a town on the Pacific Coast between Los Angeles and San Diego a bit isolated but it’s a great family destination to take kids to the beach. There’s a bunch of surfing towns dotted on California coast either south to San Diego or North towards Santa Barbara in Southern California and each one has a different vibe none are really the same or look the same. New Smyrna has consistent small waves from hurricane season thru the end of winter and it’s closest better surfing spot to Saint Augustine since Sebastian is much further away for a day trip since my 2nd job is tour guide weekend nights I can’t do full weekend getaways. Hoping to surf Del Rey beach next year after I get vacation time saved up
    4
  25032. Great content and you are focusing on what really matters..💯👍🏾
    4
  25033. Let’s us never forget when Richard Fauld of Lehman Brothers said In June 2008 , everything is fine , then came September 28, 2008 . After 110 years , Lehman collapsed . USA is IN A RECESION . Macroeconomics 101 : quantitative easing results inflation .
    4
  25034. Lived in Daytona beach for 2 years loved it but had to go back to Michigan
    4
  25035. Nice
    4
  25036. I visited long key beach this past week and it’s a lovely town with a great beach
    4
  25037. Michael, you have the best office ever. You get to visit all the cool neighborhoods and get your exercise at the same time. We get to enjoy the wonderful content. Thank you, Sir.
    4
  25038. Florida SB 4D is in the process of being considered --- THIS (IF/WHEN) it is passed will catch many people unaware of these new and additional reserves and inspection requirements in Condominiums --- What is your opinion??
    4
  25039. Hi Michael, loving your candid and easy going approach to your outlook in life. That's why I look forward to your videos uploads. 🙂
    4
  25040. You should have stopped at "Snow Canyon State Park" next to St. George. It's a beautiful, cheap and not busy state park.
    4
  25041. Remember Carter era, Nixon era. These both were bad.this one will be worse.
    4
  25042. Cool!
    4
  25043. Great Video, Michael !....These lands (locations) need to be re-zoned for RDH ( Rapid Deployment Housing)....such as RV Parks or "homes" based on RVs with some construction "build-outs".....This endeavor would solve so many problems when a disaster hits an area. No need to pay High ins. costs, most RV's have generators, and they are mobile lessens the need for Dangerous rescues...Just a "Thought Experiment"....What do you think ?
    4
  25044. Congratulations Michael!
    4
  25045. That happened to us twice with someone getting ahold of the payroll check and changing the name- had to fill out police report and close account. If it happens to you make your bank tell you what bank it was deposited in and call that bank - ask for fraud dept and give the info. There is a rule your bank can’t call the other bank- which is silly. But you can. Cause if the other bank can stop the money being drawn you will receive a reimbursement faster. We also keep the bulk of money in separate account that has no checks and just transfer what is needed to cover checks.
    4
  25046. Port Saint Lucie is landlocked, you mean Jensen Beach. The whole east coast of Florida does have decent surf but only in the winter
    4
  25047. The exact video was waiting for. Good stuff and thank you for doing this comparison and showing Laguna and OC a little.
    4
  25048. Is there a way they let everyone know where the money is going. Like, do they provide receipts and proof of transactions?
    4
  25049. Greetings from Maine! The US is just so beautiful. Look at that beach ❤️.
    4
  25050. Hello from Tampa!
    4
  25051. 🎉🍾🎊🍾🎉🎊🍾🎉🎊🍾 HAPPY NEW YEAR TO YOU AND YOUR FAMILY 🎉🎊🍾🎉🎊🍾🎉🎊🍾🎉🎊🍾 I’ll be giving you a call when I’m ready to start my research in the Clearwater investment Market. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  25052.  @MichaelBordenaro  Holy mackerel. Wow. Unbelievable. Thanks for sharing.
    4
  25053. Do the west coast, specifically the Tampa area!! Thats where I'm supposed to be moving in the next year or so
    4
  25054. This is why your monthly home bill should be 20 - 35% of your total net income. Yea it surprised me as a first time home buyer BUT it doesn't hurt that much.
    4
  25055. Great seeing you guys together!
    4
  25056. I don't see how these BRICS countries are going to get along. They have a common enemy now, US. Given the mix of countries, I can see them running into conflicts.
    4
  25057. OK but I am physically disabled can't work, bad credit no loan. Need to get there for my health. Wondering if I can sleep in back of a van near the beach? I live on 800 a month disability.
    4
  25058. Couple things 1- where did you move from? Nvm IL LOL 2- I lived in Clearwater 2010 for that year and now I’m finally coming back I can’t wait to be away from the doom and gloom in PA...
    4
  25059. this is my exact situation, man you always hit the nail on the head. "you want to be permanent, you don't want to deal with landlords telling you to move"
    4
  25060. From one Floridian (I’m a realtor too) to another, you can never go wrong with a pretty beach scene and great info! See you on the next one!👍🏻
    4
  25061. Yay! First!
    4
  25062. Hi Michael thank you for the great tour. Wow, wow!! The view!!! Wow!! Hahaha lol!! Ok, now after letting you know how my eyes said something😳😳, the condo looks good. Having the washer & dryer inside the apartment/ condo is what I look for all time. I know how it feels to go to another floor where the are so many washer and dryers but spending/financing almost a Million Dollars, I am sorry, every thing needs to be inside my condo or high prices apartment. Also, for me it would be a rental and I would turn the second bedroom into a dinning room. And yes, sometimes dinning tables in one corner area becomes an office. Hahaha.. Again, you gave a great tour. Thanks.
    4
  25063. What I think is going to happen is, the people who FOMO bought in the recent years may have an easier time making payments because of the ongoing inflation. FOMO buyers made the right decision.
    4
  25064.  @MichaelBordenaro  Thank you much for your honesty and great guidance you provide.
    4
  25065. Excellent video, you forgot the mosquito factor and the ugly humidity factor. Thanks for this great video.
    4
  25066. Great information on the state of affairs
    4
  25067. 9:05 That's pretty optimistic as China has just entered its 4th quarter of negative economic growth i.e. the definition of economic depression. This means that supply lines will continue to become severely affected and the price for consumer goods will rapidly increase in value as manufacturing continues to move to more stable market economies. I see 1970s style stagflation on the horizon for the U.S. and other Western economies in the not too distant future. Enjoy the Decline 😎🍿
    4
  25068. Great research Michael. I think you missed your calling. You should have been an investigative reporter. Anyway, I think it should be a federal law in Canada and the US. Not only can "foreign" buyers NOT scoop up single family homes, (including condos/townhomes) to immediately start renting them out, I think that should extend to domestic investors, big dogs and mom and pops. [[[YOU HAVE TO BE PERSONALLY RESIDING IN THE PROPERTY.]]!!! I have a sneaking suspicion that the boys on the hill are getting greased, and greased good, to NEVER let that kind of law pass, call it a hunch. Don't even get me started on the federal laws we should have for flipping single family homes.
    4
  25069. Forgot to mention going spearfishing every afternoon after school , fly fishing at night, snorkeling , with my children and grandchildren , unbelievably good hook and line fishing. Even cool weather in the winter. Dear,hog,bird, hunting. St. Andrews State park is great with a rock jetty reef , a big one.
    4
  25070. It must be nice to have sun at this time of year! Happy New year!
    4
  25071. Loved the quiet area! Looked so peaceful but expensive !
    4
  25072. The whole calculus is around affordability as a floating point. It's all about: price, income to home price, income/sales/property taxation, employment risks, tuition for the kids, the costs of everything else and even burgeoning bureaucracies that get nothing done but mission creep and budget building... and so on. I am out of real estate until I hear everyone screaming about how the whole works is going to zero... That's the time to buy if you're going to. Negative FOMO. Think 2010-2012.
    4
  25073. congratulations on your 5th year you are a class act we really enjoy your videos every one of them You give very important information whether it's good or bad whether people want to hear it or not you're always honest about it, well it sounds like They're trying to do a senior citizen flush because some of these senior citizens cannot afford the rise of association fees .and the tax fees They're forced out of their condos This is a shame after working all their lives and retiring they wanted a little slice of heaven and they got it but down the road it turned out to be a nightmare what are these people going to do.
    4
  25074. So here's the truth ive said it before on this channel...learn a trade and when these things happen you got a job to help people and get paid that day...learn to fix shit cuz most people can't
    4
  25075. Unless they start 3d printing homes for cheap, building costs are too high for home prices to drop too much.
    4
  25076. M, side note. I've been seeing a lot of signs lately about 'cash investors' used in the sell of a home instead of listing it...? What are your thoughts on it?
    4
  25077. Living in northern CA ( Sonoma county) wine county 🍷for over 40 years and counting ! I hate the liberal BS ! And now the fires and droughts! However not sure where I would want to move too ? Love your videos !
    4
  25078. Thanks for giving people a "head's up". Very helpful videos!
    4
  25079. Show us some shoplifting in California.
    4
  25080. How has this changed since the pandemic? Is it still job plentiful right now?
    4
  25081.  @MichaelBordenaro  makes sense. I'm looking to move out there for real estate investing and for a new place of residence once I get through Texas as I still love it here. Just not sure if I should live up north or south yet.
    4
  25082. Michael. Florida. Is. Ok I have. Lived. In. 40. States. . Florida. Is not. To. Bad. Hurricanes. High. Crime. Rate. Make. Prey. Of. Residents. And. Tourism. High. Insurance. Rates. Jails. Are. Tough. But. Not. To. Bad. Every. County has. A. County. Jail. THAT. Is. A. Starting. Point. For.Prison. Al. Places. Listed. Are. Not. To. Bad. To. Visit. But. Very. High. Cost. To. BUY. And. Live. Lots. Of. People. Want. To. Live. And. Work. Here. But. Two. Third. Pay. Cut. What you. Make. In. Other. States. So. Look. And. Visit. It's. Not. All hot. Beaches. And. Cold. Beer....
    4
  25083. Oh, so I guess now the Brazilians are buying up Florida?! The rich Mexicans invading Texas, Chinese buying up the west coast... 😡
    4
  25084.  @MichaelBordenaro  Thanks for the info M...
    4
  25085. Your trip is really working out well. Great guest, lots of info, great topics.
    4
  25086. Blackrock is shifting into buying up all the Tent Manufacturers and Space Under the Overpasses.
    4
  25087. Florida is heaven
    4
  25088. Fixed Rate Mortgages are better, but you have people who likes risky rates. Easier to manage and if you want to pay towards the principal each month , you are able to do that. Yikes $40,000 property taxes, who in their right mind, would want that !!!! Pass!!! That reminds me of the mansion in our region, at one time, it was sitting on 230 acres of land with a mansion on it. Taxes there was $50,000 a year property taxes . The mansion beautiful and had a lot of acres .
    4
  25089. Boise is just like Reno and is going thru a downturn. It's crazy to think Reno and Boise are going to continue to go up. What a joke. Sellers who are greedy will realize they can't sell their house with interest rates and workers having to return to the office. Every Reno/Sparks house I lookup on Redfin or Zillow is over price by 40%. As you say Michael just wait and deals will be coming.
    4
  25090. Glad I’m not in that position.
    4
  25091. Thank you Michael 😊
    4
  25092. Can you tell me about renter insurance.Thanks Michael 😊
    4
  25093. So this explains why the 12 month CDs have a higher APR than longer terms!!!
    4
  25094. My bank chargers $5.00 not to mail my statement. I pick it up in person. Mail gets stolen on a regular basis.
    4
  25095.  @MichaelBordenaro  Right! I feel like there is so many different accents here in Florida. I love the Miami accent tbh.
    4
  25096. Love the Vlog! keep it going and be safe
    4
  25097. Great informative video Michael ..you make my day...I looking new ways to make money without work in a regular job or a regular business and that info. or AirBnB Arbitrage is greatt!!! Please can you make a video more in deep about that theme? What you need to know to enter in the business of Arbitrage? Thanks Michael...waiting for more videos of AirBnB Arbitrage...
    4
  25098. I'm learning Spanish and planning on retiring in Mexico.
    4
  25099. You are right about Daytona Beach. I really Love Daytona Beach
    4
  25100. Yes, the no glasses look just hits better. Keep up the great work.
    4
  25101. Everyone I have talked to in Sarasota County swear they have never experienced or know anyone that lives in the county that had a sinkhole incident. Even locals that have that are in their 50's that have lived in the county their whole life saying the same thing. I keep hearing the layers of sediment is different in Sarasota County...than down by sink hole alley and other sinkhole prone areas. Whats your take on that because I was seriously considering Sarasota County
    4
  25102. Do you have any tips for first time home buyers in miami beach looking to use an FHA loan on a condo?
    4
  25103. You can apply for conventional mortgage with 5% down payment. In this case your condo is subject for "Conventional Full Review Condo Questionnaire". I'm in the process of such a loan now.
    4
  25104.  @MichaelBordenaro  OK. I've got an answer. Condo did not pass full review. So I have to put 25% down. I was hoping for good, but also, prepared for worse. 25% down means more equity and lower monthly payments. So be it.
    4
  25105.  @MichaelBordenaro  Thanks for sharing. Now I worry about my 25% down and short condo review loan. On Realtor site I see a lot of properties in this community as contingent. I hope that mortgages are approved for short review loans. By the way, when I get to Lake Worth, I selected 4 condos in that community. All 4 of them gone. And this happened in a matter of one-two weeks. Now this community (Covered Bridge Condominiums) doesn't have any listing less than $95-$99K. My condo in excellent shape was listed for $87.5K, and I negotiated it to $83.5K. I keep my fingers crossed. Just 2 weeks left until closing.
    4
  25106. Michael...very practical and honest ideas. I've been thinking about opening a handyman and cleaning business here in Atlanta, Ga.
    4
  25107. The guy makes sense. Sunglasses don't matter 😎
    4
  25108. I live in LA and after 30 years of living here, we’re moving to Miami in the fall. You wouldn’t even recognize this city if you’ve spent time here before. The problems that we had before 2020 are just completely out of control now. It’s pretty bad and I don’t see it improving for a long time!
    4
  25109. Redfin says we have hit the bottom 😂
    4
  25110. Thanks for this info, Michael! Great places! The gulf side definitely has the advantage! Love the Longboat key house! Very nice! Lots of other good ones that you showed too! Gotta love Pensacola for the beauty AND bargains!
    4
  25111. Thanks.
    4
  25112. Show us some shoplifting!
    4
  25113. The first of many videos I've seen. You are very detailed and very informative. I quickly subscribed. Thank you .
    4
  25114. I thought that was near where you live. I’m glad you and your wife are OK. It’s so sad for those who lived there, & those who lost family & friends in this tragedy. Are sinkholes much of a problem in that part of Florida? If it turns out that’s what caused it, I’m thinking real estate values will probably drop significantly around there.
    4
  25115. Hello Michael n Lisi 🌻 Love your channel !
    4
  25116. Thanks for all your sound advice! It gives me more confidence about buying a home in the near future. Keep it up!
    4
  25117. Great perspective and great points made. I’ve worked in luxury stores similar to what you showed here in Boston for many years, I’ve met a lot of wealthy people, they’re not flashy like down there. Every city has its own personality, Miami is known for decadent luxury and Boston is known for its discrete affluence. You can tell when someone actually is wealthy, the things they say, the moves they make, even to the way they walk, talk, everything, it’s different to fake rich people. Great video!
    4
  25118. Sunset Harbour used to flood on Sunny days, not just after huge storms. Since the Rising Above project was completed, including literally raised streets and new seawalls, it doesn't flood anymore. To be fair, 3-4 ft of water in you parking garage would completely engulf those cars. That was more like a 1-1 1/2 feet of water. Also, your valet should ALWAYS have your key. Anyone who doesn't do that is a fool. I too live in a high rise, and I actually use the stairs as a gym. It's a really good, really quick workout.
    4
  25119. Next time when you buy go to Coinbase Pro very low fees the only thing is you got to transfer money in advance in account!!!!
    4
  25120. I exited the work world at 60, no regrets....stay healthy...Aloha
    4
  25121. Thanks Michael. I’m in Phoenix holding my breath 😅 I really appreciate you.
    4
  25122. Nice home I’d love to be there too!! Can you talk about how you and Lizzie keep your relationship strong if you don’t mind, tips for a great romantic relationship I need that. The vid may not have as many views but we need words of encouragement in this crazy world, think about it please..
    4
  25123. if you compare Arizona heat and Florida heat which one you choose?
    4
  25124. In the South Florida housing market, do you think condos are the way to go to live on the cheap and to save money, especially for average, single working people or with a significant other? I live in Maryland and keep seeing that condos tend to be much cheaper than traditional homes.
    4
  25125. Sarasota what a vibe
    4
  25126. lower, lower, lower, my market, 6 more months, barbra is panicking.
    4
  25127. Yup, the Airbnb market in San Antonio, Tx is flat. I know a lot of investors trying to sell their properties but their asking price does not line up with the median income level for the city because they purchased during the hype.
    4
  25128. Normal. Other way around what if a single family home neighborhood had a tragedy? Would also feel traumatized. TIME heals. 😊
    4
  25129.  @MichaelBordenaro  lot of the locals work at or drive to Orlando for that from what I’ve seen so they pay for the toll road to get to Orlando fast.
    4
  25130. I have never fully understood about the limits for insured accounts. Is it 250,000 per account. Or 250,00 per bank or 250?00 total in all bank accounts that fail?
    4
  25131. I just received a letter from Open Door to buy my condo near the gulf coast. Crazy.
    4
  25132. Hi Michael, given all the examples you provided of people and money the common denominator is the people. You hit the nail on the head with the "you have a spending problem". A lot of people are just not responsible with money, so they will never have enough to retire or live comfortable. It really doesn't matter if you make a million dollars a year or a 100,000 a year, if you spend everything you make you will never get ahead. Look at the title of this article and it's a perfect example, "‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?" I sent you a link to the article
    4
  25133. The same ppl who gentrify trailerparks r the 1s who profit from the industries that make globalwarming tornadoswarms that target... trailerparks!
    4
  25134. So that's how you stay so lean, intermittent fasting. Don't know if I have the willpower but it looks good on you. The Hello Fresh stuff looks tempting too. I may try.
    4
  25135. Best not to hire buyer's agent ( that means your own realtor if you are a buyer) That way you are not contract -restricted with a realtor you may not like or need. Instead go for dual representation. See as many homes as you like w/o any obligations to your realtor. Doing this is really fun ! When you find something you like consider asking the seller's realtor to represent you as well. Seller's agent LOVE this because it means they get all the commission and will move mountains to make it happen. This requires some experience and confidence in yourself and trust in that one common realtor. It elevates your status if you are a ready buyer with pre approval or full cash and no obligation to sell your own house . This option would work particularly well if you happen to be buying an estate.
    4
  25136. Happy Birthday and enjoy many more.
    4
  25137. Saw this coming as soon as Surfside. Add in massive inflation in goods and services and you're looking at a huge hit to these owners.
    4
  25138. Love these kind of videos! Been thinking of buying a place.
    4
  25139. We got a big increase in our property taxes in liberal Democrat run Maryland 😮
    4
  25140. Michael, thank you for just being real . ❤️
    4
  25141. I'll be in St. Augustine April 5-9. Doing Marine World Dolphin Swim Wed 7th.
    4
  25142. I thank you for “age relevance” I’m looking for a move and u are looking for the same vibe! Much appreciated!!!
    4
  25143. Not sure if you’ve seen the Bank of America article on hard crash recession or Door Dash laying off 1,200 today
    4
  25144. Hello Michael, Thank you for this important video. I have a question. If you pay the property in full, do you still need the flooding and wind insurances? Thanks,
    4
  25145. i would love an updated video on what areas in miami you would recommend depending on different desires- low price areas, high price areas, close to the beach and good houses that are near the action yet secluded for example. i love your videos!! i’ve been watching you lately, and am looking to move in the area within a year🎉
    4
  25146. Florida real estate insurance up 30 percent in 2021, 300-500 per month, flood insurance required by bank 500 and up per year, HOA 200-600 with fines and insane rules. Auto insurance high.
    4
  25147. 1st
    4
  25148. Congrats! You win a new car!
    4
  25149. Michael, I like your interaction with the cat.
    4
  25150. The problem is supply is constrained due to people not wanting to trade up and give up their 2.75% 30 year mortgages.
    4
  25151. In so Cal, my neighbors park their cars on their lawn and there is tons of parking on the street. Smh...
    4
  25152. -0.6%. As if they can measure or predict that in this accuracy. This tells me, that they are just guessing bs.
    4
  25153. What's your thoughts on Sarasota?
    4
  25154. I can second your comment about market price. I brought July 2022 and home will be completed in April. we only went up 6k in equity from purchase price. My realtor was great and told us about market value and the area that we purchase is where price increase didn't go up as much. She also said if this is a long term home then purchase but if your not looking for long term this isn't the market to buy
    4
  25155. The great crash!!😃
    4
  25156. Home sellers are choosing to sell their homes to instutional investors for quick cash. This has hurt the average buyer across the country because they cannot compete. That's not a government issue. The issue is with the home sellers but at the end of the day, they are free to sell their home to whomever they want to.
    4
  25157. The whole world is upside down. I went to a Toyota dealership yesterday and they want thousands of dollars above the MSRP. You have to look the MSRP online now because they don't display them on the windows anymore. There was very little inventory, only a few trucks, a few Corollas, and some used cars. This is a major dealership in Dallas.
    4
  25158. Tbh because of this collapse I would never buy a condo anywhere in Miami Beach, maybe a townhouse apartment.
    4
  25159. Thanks again both of you for sharing your trip with us I’ve really enjoyed all these videos. Any chance on doing a review on your favourite bars in your area it might get you a few more subscribers. Best Regards to both of you.
    4
  25160. The electric car policies (and many other things the governments and other authoritarian agencies (WEF, WHO, UN, EU, NATO, IMF, CBs, ETC) ) are pushing are about making slaves of us all, not the environment.
    4
  25161. Glad you're ok!
    4
  25162. Funny how I just came back from signing a petition to recallthe governor Newton. I do follow that guy too. I moved 1 year ago from central FL to cantral CA. Am I going to move back?
    4
  25163. Do a video and put it in privet walet now.
    4
  25164. Time to open up federal land to homesteading once again.. but now with remote workers in the mix
    4
  25165. What is the west coast of Florida like as far as pricing for housing? Is it possible to live near the beach, relatively speaking, in the Sarasota area?
    4
  25166. My condo fees for Cape Coral went from 2400 to 4800 jan 1st …. It’s upsetting but a home would be even worse ..
    4
  25167. Excellent! Excellent!!! Video very good explanation of who needs to sell. Thanks
    4
  25168. Pretty funny to see this line up closely with videos about why you SHOULD Move to Florida 🤔🤷‍♂️
    4
  25169. I am a old man I live in calif I would love to go back to work and flip burgers and stuff tacos for 25 dollars a hour and very soon it will be 30 dollars a hour plus tips. I worked my butt off in a large American factory my entire life and the most I ever made after 35 years was 24 dollars a hour and that was good money. yes 25 dollars a hour 4 hours a day a extra 2,000 a month hell yes I would go back to work part time flipping burgers and stuffing tacos.
    4
  25170. I agree with you. If I were a landlord in CA Iwould sell. Maybe that’s not so bad. Maybe that will reduce home prices so some good might come out of this.
    4
  25171. Wow I never been this early to one of your videos 🤣🤣
    4
  25172. No. I will watch you. I won’t watch the AI. I want to watch humans.
    4
  25173. Margaret!! Good comments.
    4
  25174. Michael I meant to reply to you about your lee County video. Let me give you some perspective. Look at the map and look at FT Myers Beach, pine island location. Those are our barrier islands and yes they did get decimated because construction was shoddy and hardly any stilt structures. However my point is that the rest of lee County did OK on zone b + but even zone A did OK if they had a newer home. Look at the map and come invest here also we don't get as many Hurricanes as Dade County.
    4
  25175. Great content as always enjoy Thanksgiving
    4
  25176. Same here in Minnesota
    4
  25177. Are drivers worse or better in California?
    4
  25178. Excellent content. Great video
    4
  25179.  @MichaelBordenaro  In another 20 30 years, that heat will feel soooooooo much better!
    4
  25180. Thanks Michael 👍 So I guess if I like to buy something in Naples it's ok to buy it now since the prices there don't change even after what's happening ?
    4
  25181. Rent control is bad…. Free market economics is what this country is supposed to be about.
    4
  25182. Beautiful Miami! Love the video, we are living through well documented history!
    4
  25183. San Francisco is the most expensive market in the country. Things are starting to change. They are finally throwing out the crazy politicians!
    4
  25184. so they are asking a 300k home to pay for a 2 million dollar lake home flood insurance. LOL
    4
  25185. I sold my home in Miami in 2016 and did well considering i bought after the crash but I immediately bought in ponte Vedra beach Florida in St. John’s country. Great schools, near the Mayo Clinic, beautiful beach only difference is the ocean water is not crystal blue but all in all I believe Floridas best kept secret. You You can still find great homes in the 400-500 range. Another plus if you don’t like the extreme heat and humidity is you get three seasons which is nice for those who don’t mind a sweater during the holidays. Thanks for your insight.
    4
  25186. I really look forward to your videos. Thank you! I’m hearing there’s likely to be another foreclosure surge. Hoping it’s not as bad as 2008. ✌️
    4
  25187. The housing market is ridiculous right now. Out of control... If your moving here, you better have some serious cash on hand.
    4
  25188. Miley Cyrus is on that Wrecking Ball !
    4
  25189.  @MichaelBordenaro  Thanks. A Mesa Boogie and an ESP behind you there correct? Rock on! Or jazz on, or whatever!
    4
  25190. I'm an 81' baby, end of gen x and got into real estate at the time but got out in 08. My listings were not selling like they did a few years prior and had to do something else; went back to college and did a blue collar job for a while.
    4
  25191. Is this Time good to move on to Florida...or i need to wait until pendamic finish????
    4
  25192. Sure, let's see the night slow routine. Enjoy those beach views! I think everyone has their own circadian rhythm and it's important to adhere to it if you can. You are very relatable and real. Thank you.
    4
  25193. Love your advised. They are sound and reasonable. You’re an old soul.
    4
  25194. Michael I enjoyed this neighborhood walk. Credit is so much strict now than in 2008 when anyone could buy a home. I have a hard time seeing everything crash. I bought first house 1978 at 9.75 per cent built new 1984 at 12.5 rate. The lowest rate I refinance to was 7. My advice to new home owners pay extra on mortgage every month to pay off note. Good video Michael.
    4
  25195. Great. Do a fund raiser and get yourself a 360 camera and a drone for beautiful shots
    4
  25196. Clearwater is great 👍🏻
    4
  25197. 1:45 .. YAY 😀 Leaf-Blower man strikes again— he won’t “LEAVE” 💨🍁🍂 you alone Michael - Lol!! 🤪
    4
  25198. Congrats man!!! You’ve done some great work here! Keep it up!
    4
  25199. "Food, shelter, clothing"..."Mind, body, spirit"...Survival...A.I. arrives...😮...
    4
  25200. You hit a lot of very pertinent points about situations and possible increases to carrying costs. It’s all very real. Good job.
    4
  25201. In regards to o.verpaying by $50k.. assuming they dont find the right place to buy and if they are spend $35k a year on rent, and end up not buying for 2-3 years from now.. they are still net ahead on saved rental. i agree ownership has additional costs as well, but it's just another factor to consider.
    4
  25202. 6:48, Prudent and relevant info, thanks for keeping it real!
    4
  25203. I’m trying to move from the UK, my budget is about $2000 a month, how would i work that out?
    4
  25204. You have a lot of talent to tell a story. I enjoyed the video. Thanks
    4
  25205. Thank you for the videos! Your honesty on what cost are is refreshing! We ❤️ it there - coming from Idaho! Big difference in how to rent and buy. Not ready to move yet but thinking it would be a fun change.
    4
  25206. Excellent video on when to buy and how to prepare to buy. Valuable information.
    4
  25207. See your FL condo and move to AZ. No Hurricanes.
    4
  25208. From detailing cars in Rockford Il,.....to 10k subscribers on Youtube. Go ahead,..reach over,.....and pat yourself on the back
    4
  25209. We need a grovermen shut down because the grovermen is getting too big
    4
  25210. Another GREAT video with incredibly valid points. My main concern is how bad all the upcoming layoffs will be, and how that will impact the economy. In regards to the video suggestion about how to survive these challenging times, YES. That would be great! Thanks again. Cheers
    4
  25211. Great insight Michael, awesome to see some guitar playing at the end, Rock on!
    4
  25212. You got to LOVE Michael!!!!
    4
  25213. Perfect music for the drive, too!
    4
  25214. Houses are stationary on price at central Florida. Places like Clearmont are really living on a bubble thinking that their houses are in the 600k range.
    4
  25215. I find it curious that their were no solar panels visible. Given that California is a leader in green energy.
    4
  25216. Perfect opportunity to get rid of those 87000 IRS agents who are going to be targeting all of us middle class self-employed people . first year alone is 8 billion times that by 3 or 5 years whatever was built into that build back better there's 40 billion that'll get us through the next week or two and then we'll move on to the EPA and the whatever alphabet agency we decide to cut by 50% sounds like a good plan to me we'll just go week-to-week until we cut the fat by 50%
    4
  25217. Grew up in California and have been visiting Florida since the 1980's I love Florida, but surfing on the East coast of is nothing like California! I have noticed that in the past couple of years that Tampa and Clearwater has surged ahead and surpassed Miami in terms of Sports and being a Hip area of Florida.
    4
  25218. Well said, Michael ! Here is something to consider, the two world economic powers , USA and China , are "young " countries. China is 70+ years old ( Peoples Republic) and USA is about 245+ years old...really "kids" when compared to the Roman Empire....bottom line : this whole thing could FAIL , into social and economic Chaos !.....The odds of this happening are the highest in my life time . . I just try to enjoy everyday as if it's my last one.....Thank you for making me Think !
    4
  25219. How about rentals because we were going to rent first before we buy?
    4
  25220. Good luck! Moving from socal to Tampa next week 🤞
    4
  25221. Come to cape and do a video here and let us know how Ian will impact prices. You can come to my house I have a generator.
    4
  25222. It will definitely affect the number of lawsuits. Insurance company has only 60 days so they reject it quickly. If it is a small claim and the homeowner is on the hook for the attorney fees then it doesn't make sense to sue because any lawsuit against an insurance company is going to cost at least 5k in attorney fees.
    4
  25223. That first listing represents almost all of Martin County. They’re plenty of buyers that will buy one here and there, but most sales in the area have come to a complete stop. I’ll live in a tent before I pay double for a home that sold months ago for half. Some homes in Sewalls Point are 5 times what it was recently purchased for. It’s the same group of people and they ain’t from Florida.
    4
  25224. Congratulations Michael. This is great great news and so happy for you and Lisi. We would love a tour some day. Have a wonderful week. super excited.
    4
  25225. It’s all a cumulative excuse for politicians and corporations stealing our lives and money!!!
    4
  25226. What about floods and hurricanes?
    4
  25227. Is the same story with me too! I just bought my first house a few days ago!
    4
  25228.  @MichaelBordenaro  thank you!
    4
  25229. Also feel free to stop by Baracoa. its a local cuban restaurant that i work at
    4
  25230. hey mikey... why don't you show some houses that sold? ... show houses that sold for less than list price, at list price and above list price? .. or is that against your agenda of housing crash by 50%? ... you and your blind followers are next level... 🤣🤣🤣
    4
  25231. Wow. As soon as I saw the start I knew it would be developed to multi-million dollar properties. I saw a news vid yesterday on rising rents in Miami and Fort Lauderdale, W palm Beach too. The gov of those cities need to implement rent control now or it will end up like LA! And that would be a disaster all together. Mic was great 😉.
    4
  25232. When I got my mortgage I even had to provide health records because our income was low for a few months due to illness. They went through everything.
    4
  25233. Great video, Love how the animals connected to you. You're a good person, indeed!
    4
  25234. Your pay is cut to the bone
    4
  25235. Very insightful! Thank you for sharing this interview 😊
    4
  25236. Good video. Been traveling to Florida 3x year for the last 5 years to see different areas. Stuart, Amelia Island, Daytona, Sebastian, West Palm, Siesta Key, Tampa, Homassa, Clear Water, Dunedin, Orlando, Ocala, Crystal River, Mount Dora, Ormond Beach, St Augustine, Flagler, and Sannibel Island. Of all the places I went to when it comes to beaches activities and quality of life I will choose Amelia Island/Fernandina Beach.
    4
  25237. Buying a house cash in FL. This way if the SHTF, it won’t be such a big deal. Mortgage or rent is a person’s biggest expense.
    4
  25238. Your insight is invaluable to me! You are sooo valuable covering topics I never knew about!!! Thank you 👍
    4
  25239. I like your talk a lot. Great education to us.
    4
  25240. With private ownership, I don't think the government should force anyone to do anything.
    4
  25241. Great video!
    4
  25242. Great video!!!
    4
  25243. 5k a month is before taxes
    4
  25244. Michael Bordenaro.....The Man.......The Myth........The Legend!!
    4
  25245. I cant wait to leave canada and move back to my home state of Florida🥰
    4
  25246. I lived here since January. I really don’t think it’s all that hot to be honest
    4
  25247. Rent prices dropping has also been a benefit here in that I personally know two people who can no longer bring in enough rent to even cover the mortgage on the properties. They’re both considering putting those single family homes back on the market as they don’t foresee rental prices increasing in the near future and would rather not deal with the headache.
    4
  25248. Dammm even 10k a month is a lot
    4
  25249. Sure looks like Michael is blushing
    4
  25250. To the title of your video yes ,for now it appears affordability for living spaces are going the way of dinosaurs 🦕. Not funny either very sadding actually.
    4
  25251. ❇️🙀❇️
    4
  25252. Money is always the biggest cause of devorce
    4
  25253. It looks like houses are far from amenities. It would be nice if you could walk to the centers for shopping and entertainment, etc. Does that HOA collect rental fees from the businesses?
    4
  25254. Florida definitely has a lot to offer, no question. Keep up the good work, Michael.
    4
  25255.  @MichaelBordenaro  Try to focus on availability as a single man or woman, age ranges: 20s 30s 40s, races and ethnic/cultural diversity, cost of dating, availability of the playboy lifestyle and associated costs, outdoor activities, what to expect if you're coming from another state ie the differences, seasonality, hook up culture and attitudes towards, dating apps, prominent meetup places,
    4
  25256. 1) Check google analytics access 2) Proof of earnings and also verify them online 3) Don't rely on SEO 4) Don't transfer the money until income starts coming to your account
    4
  25257. SOME OF THE MANGERS AND BUSSINESS OWNERS OF THESE HIGH RISES ARE JUST MONEY HUNGRY. JUST WANTING THE RENT OR MORGAGE AND PAYING FOR CHEAP LABOR WORK.
    4
  25258. We are going to start to reach a plateau around in October of this year.
    4
  25259. A Worls with no Debt would be A Better World I Think. As My Life is good with No Debt.
    4
  25260. Great video! We were in Denver about four summers ago. Lots of homeless there then, too. Boulder and Golden were nice though...so was Colorado Springs. I know that you and Lisi would love those beautiful, natural areas! Lots of hiking and other outdoor adventures to be had!
    4
  25261.  @MichaelBordenaro  Thanks so much for the reply! NC Blue Ridge Mountains look like the nearest snow/mountain destination from Florida. And the Blue Ridge Mountains look gorgeous. How nice is the Palm Beach area? I was thinking it would be nice to be close-ish to Orlando for the theme parks and close-ish to a big city like Jacksonville while living near the shore. However, as a Registered Nurse who has found one of the best paying jobs in my area (and in the nation), getting a 30-50% paycut to live in Florida looks to be the biggest hurdle to make the jump.
    4
  25262. Hey man, thanks for the videos. There is always great content. I have memories of New York playschool (summer school without classes, just excursions) before I started high school, and to my surprise, they were bullies lurking. Surely they were dealt with, but I was so surprised that they were there! Unfortunately, trolls are everywhere. I am an introverted male, who is always encouraged by my brothers and sisters who are married with kids living in Texas, Florida, Michigan that once I get out of New York City, I will never ever go back, except maybe to visit. With your videos and others, I think you might be right. My fears extend to the fact that I don't know how to drive, and of course, I would need a job. I certainly have some savings, but yeah, I need to get a driver's license, and maybe secure a job? The low-key lifestyle sounds so appealing, especially during this pandemic, where we are forced to perhaps contemplate what we want out of life, and what is really important. I am now 45 and have worked for the same company for 20 years, and my fear is once I quit, can I find work anywhere else again.
    4
  25263. The DBPR (Dept. of Business & Professional Regulation) does not do anything when one comes forward and shows them the board members are doing illegal things.
    4
  25264. In 2012 I was making 90k and it was great. Every time since when I landed a new job I had to take a paycut and build up again. 12 years later today, I make 135k but it doesn't allow me the kind of lifestyle that I had with 90k in 2012. I feel like I'm making the same and pay more out. It's discouraging.
    4
  25265. Builders are cutting way back and new listings have started to decrease.. At 7% mortgage rates, the real estate market will lock-up. Look for realtors to start making a lot more youtube videos as they need to keep some kind of income.
    4
  25266. You mean European village?
    4
  25267. There is a “lindeed” treatment you can have sprayed on the bottom of the vehicle that can protect the underbelly for up to one year
    4
  25268. Welcome to California 🌸
    4
  25269. Can you select all 300 and un-select the one that supposedly sold for 392? That is a big discrepancy that could pulling the average way down.
    4
  25270. For me Sunshine State Forever❤️ ..there is nothing better...😁👍 I think moving to Miami was one of the best decision of your life Michael... isn't it?...I am glad u moved to Miami...thanks for the video 👍
    4
  25271. 🎉🎉🎉Hey Michael 👋🏼 Maybe it’s time for you to sell your condo, Save your money and buy something else in Clearwater at the right time. It just feels disgusting 🤮 how everything seems to be getting out of control. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    4
  25272. If you get the emg solderless kit, installation is easy :)
    4
  25273. Lower your insurance bill by raising the deductible, review the coverage and get rid of extras
    4
  25274. 💯 facts
    4
  25275. What's the mic you are using? LOVE your content! 👏👏👏
    4
  25276. I love Breck! Been snowboarding there before. (which I suck at by the way lmao). Your videos always pack the best scenery.
    4
  25277. This is my # 1 you tube channel to watch.....I believe and trust your insight. I have a feeling you and your wife will be moving to California soon. California fan*
    4
  25278. Happy family. Nice to see and thanks for your hard work. God bless. Also did you move?
    4
  25279. Don’t forget the demographic bombshell of more people not getting married, having less kids, gray divorces, etc.
    4
  25280. With regards to the restrictions put on AirBnB; it's not just about collecting taxes, it's also about making short term rentals less attractive. That way more housing units will be available for the local population, and the hope is you can help drive down homelessness that way.
    4
  25281. And also add to that roommate thing if its through under rent control in Los Angeles rent control they will screw you and make you live with that person not paying for probably 6 months to a year they're very very dangerous rent control and if they're a senior citizen I don't think you can ever kick them out so keep that in mind find the rules
    4
  25282. Hurricane season must be a very scary time to have a home. 😮😢
    4
  25283. If you invest the down payment elsewhere say Tesla or another compounder, it might be a better deal over buying. That’s why you might want a lower down payment if you want to buy.
    4
  25284. Definitely cold compared to Miami but try negative 16 degrees like we had in February 2015 in Michigan that’s cold it’s funny people’s definition of cold but great video as always
    4
  25285. I never knew how dirty it was in Florida, so flat and there's no mountains, nowhere for the dirty water to go. All the sidewalks and gutters are all dark and dirty. I guess I'm just used to California all my life.
    4
  25286. Just had 2 agents knocking on my door to sell in the last 2 weeks.
    4
  25287.  @MichaelBordenaro  i understand that some buyers can afford a home but damn i live in CA and no way in heck am i paying 440k for a 1200 square ft with 3 bd 2 ba. Just no damn way even if i can afford to. Because if i did, i screw over the next buyers by setting up a new standard. It's ridiculous. Love the content. Keep it up!
    4
  25288. I agree with your conclusion regarding Tom Ferry. Agents like him are not "agents" by definition because they do not have your best interests in mind. Thar mindset is why I closed the doors of my successful Colorado agency in 2010 after the Great Recession. I saw Realtors misleading clients so that they could make a commission. I have a great distaste for the whole industry and have stayed out of it, even though I could have profited greatly over the last few years, because I have true ethics.
    4
  25289. Love that dude who you have talking about EV charging. Lots of first hand down in the trenches knowledge there. His style is such a hoot!!
    4
  25290. Bad Dad joke... Houses will cost an ARM and a lag.....
    4
  25291. Venice keeps selling. I’m looking, waiting for my house to sell. Stuff in Venice I think is over priced sells quick
    4
  25292. The Tank is back
    4
  25293. Default in Commercial Realestate could be a certain percentage of Vacancies. Then tha asset goes into loc-box And the loan Servicing Co Gets paid more, because the owners has empty units,Sqft. 😮
    4
  25294. I enjoyed your video Michael. While they are contiguous, you actually stopped at Jupiter Beach, rather than Juno Beach. FWIW, Juno Beach is actually south of the pier. It is a bit wider than Jupiter Beach and has a very naturalistic area with no buildings that is in front of the Seminole Golf Club.
    4
  25295. Unless it’s a short sale, the only person who is bringing money to the table is the buyer. Therefore, the buyer always has paid the commission for both sides, either directly by paying them, or indirectly by folding the price of the commission into the house. Will sellers knock the price down 3% out of the goodness of their heart? No. But an extra 3% will hit aggregate demand because that puts housing even further out of buyers’ reach. The reduction in demand will push prices down in the long term. In the short term anything can happen. But in the long term, the market will be efficient.
    4
  25296. These day, it’s so hard to do it on your own. I see 2 or 3 families living in one house. I have to fight for parking lot. It’s crazy now. Sad but people are living beyond their means.
    4
  25297. Thanks for covering my suggested topic! I want to pick a bone however. Around 2:15 -2:50 you talked about how people were friendly in LA. Your vlog/camera mode would suggest people would talk to you because of that. If you were alone without a camera, I could bet things would have gone 180 degrees differently.
    4
  25298.  @MichaelBordenaro  Also if a player reaches the Super Bowl for the 10th time his team will get home field for the big game. 🙂
    4
  25299. Good stuff, s.o. from Brooklyn NY.
    4
  25300. My daily doom and gloom video.
    4
  25301. You're clever to work with a guest speaker.
    4
  25302. Affordable housing.....thanks for keeping it real....not affordable for the average Joe.
    4
  25303. FUN FACT: I found your channel while watching California vids, and your Florida vs Cali comparison video came on and I stuck around. LOL
    4
  25304. Are people in Florida concerned about rising ocean levels? I would have no desire to live in south florida
    4
  25305. Stay longer is better more in depth report is good.
    4
  25306. I rent my place every winter and it is way nicer than this. 2k a month and it is pristine. Private beach, 20 minutes from downtown Old Stuart with great restaurants.
    4
  25307. Yes homeowners are under attack by the government. It's most likely part of the WEF "you will own nothing and be happy" plan.
    4
  25308. Hey Michael, Very cool that WGN9 reached out to you!!! You are famous!!! Keep up the great work!!!
    4
  25309. So many teaching their kids to be lazy. Give em everything, don't demand responsibility. They're all gonna suffer for this, parents and children.
    4
  25310. His eyes are soooo beautiful right? I wish I could swap with him once in awhile.😂 😍
    4
  25311.  @MichaelBordenaro  damn. Thanks for the clarity. Good honest videos. Keep it up.
    4
  25312. Thanks for this video, Michael. This is very helpful information.
    4
  25313.  @MichaelBordenaro  Yes. I was thinking I really don’t need this information, but when I clicked I was like, “Woah, I needed this.”
    4
  25314. great beach! $8 to get in isnt to to bad... awesome video as always
    4
  25315.  @MichaelBordenaro  We have a lot of Karen's here in NY. Im trying to get away from them. Its the land of Karen's lol
    4
  25316. Hello Michael thanks for the that review, your presentation just gets better. I really enjoyed that what a peaceful area to live. Best Regards to both of you.
    4
  25317. The dunes are the coolest thing about the beaches in this part of Florida. On SGI (St George Island) in the State park end of the island they are up to 50 ft high. Amazing, beautiful. It's what Florida must of looked like when De Soto (1539) first landed in Florida. FYI I was born in Brazil. My mom was Brazilian.
    4
  25318. Nice sun hat ☀️🌞 hey Lisi I hope you guys enjoyed the beach.❤
    4
  25319. Home values should drop by 30% atleast
    4
  25320. Are studio style apartments ever condos? I don’t see options to fully purchase studio apartments... only 2 bedroom
    4
  25321. Everybody's moving to Miami, I gotta wait 3 more months...save me a $1500 apartment near the ocean before it gets too crowded my dude! Lol
    4
  25322. I’ve lived in St. Petersburg Florida my whole life. You definitely don’t want to move here lol. The area isn’t what it’s cracked up to be , houses are over priced and build cheaply , the mayor of St. Petersburg doesn’t address the ongoing crime issues , there’s constant shootings throughout the south side of St. Petersburg .. I’m not trying to scare people away , but I don’t recommend moving here to anyone who hasn’t lived here previously… in all my 37 years I’ve never been so sick of a town lol. I’m visiting st Augustine this weekend and that is my highly recommended town to move to.
    4
  25323. You are so right about low interest rates helping people buy houses they normally could not afford. I am there 3% interest made my house affordable and I love it. I also put down over 20% so I’m good with equity. Don’t think I’ll ever sell
    4
  25324. Pacific Ocean is to cold for me , I prefer Florida and Atlantic or gulf of Mexico
    4
  25325. Appreciate your videos bro.....very much realistic and helpful for those interested in buying properties or planning to live in Florida
    4
  25326.  @MichaelBordenaro  Well it's amazing what they can do considering the elements. Maintenance and repair has to be consistent and a priority. In addition to insurance going up, I can guarantee assessments will go up as they should. a lot of buildings are probably going to get them sooner than later now. When buying a condo, one has to consider HOA fees and continuous assessments over the years. This is most definitely going to set a most-needed precedence about getting work done in a timely matter.
    4
  25327. Sunny and 67 in Tucson! lol
    4
  25328. THANKS BRO..SHOULD I MOVE TO CALIFORNIA OR AUSTIN TX? I LIVE IN INDIANAPOLIS IN.NOW.
    4
  25329. You know why I love Florida so much. Because of how close it is to Islands like Puerto Rico. If I wanted to go hike on a mountain, I'd take a short flight from Orlando to San Juan. I would love to own real estate in Florida and Puerto Rico. I have alot of family from PR that moved to Florida after Hurricane Maria. The reason why I love Florida so much is how much Latin influence this state has which makes me feel very comfortable as a latino myself seeing my people prosper here with careers such as latino/latina doctors, lawyers, etc. I personally think that if you want to live in Puerto Rico, Florida is a great training spot since most of the population of Florida speaks Spanish as a first language especially South Florida and plus the heat and humidity with sun in Florida is very much akin to that of Puerto Rico's. Only difference is that Florida gets a little more hotter but Puerto Rico the sun is alot stronger meaning you can either get a tan or a sunburn in less than 15 mins. Also Puerto Rico since it has mountains has wind breeze as well unlike Florida but during the Winter and Spring Central Florida gets just as breezy Puerto Rico as well.
    4
  25330. ....and is the con artist in jail. NO.
    4
  25331. Good for you for having an adventurous, daring spirit, Michael! I kind of understand the concept of bitcoin, but it is still so new to me. I bought a bunch a while back, and it literally cost me about $5.00! Ha, ha! We'll see what it does, but whenever I check my stocks, no real change there. I figured that was a safe amount for me! ;-) Merry Christmas, high roller! Glad your investment is paying off! :-)
    4
  25332. Michael sailor does a great job of helping people understand bitcoin it is the real deal and I am so glad to see you you have some Michael
    4
  25333. Thanks for sharing. We’re all doomed.
    4
  25334. One of biggies is vehicles. It's a depreciating asset in almost every case. I can never understand why someone goes out and every four or five years and buys a new car because they're bored with the car or truck. I've never understood leasing of a persons personal vehicle. You pay a down payment and make payments for three years yet after 36 months you hand the keys over and now you own nothing.
    4
  25335. Beautiful scenery 👌 😍
    4
  25336. I would. Love a 28,000 raise
    4
  25337. Can't wait to get back to Panama City Beach and this video makes me want to plan sooner than later.. Thanks for this wonderful video, Be Safe!
    4
  25338. The beach and bikini girls. This was a very Dan like episode😎
    4
  25339. Home prices in my area never went down, matter of a fact they continue to keep going up. Everyone I talk to, has zero indication that there will be any crash. They all think it’s going to just level out. Because you gained 40% equity, and loose 10-15%, is that a crash? I’ve heard a dozen opinions on the market. I don’t think anyone can actually pin point what’s going to happen. Everyone’s just hoping they will be the one who is right. I’m prepared either way. Economic data shows, it’s looks wavy up and down since data has been tracked on the economy. It’s nothing new. Everything’s bound to happen eventually, that’s called probability.
    4
  25340. Really Starke has the Florida state penitentiary
    4
  25341. Nice to see homes where the houses are bigger than the cars and trucks parked in front of them!
    4
  25342. I can't believe what people are paying in my area of upstate s.c. I have several acres near the lake and mountains. I'm not interested in selling, but can't believe how the value is going up. Land rich, but poor is a real thing lol
    4
  25343. A week is a good length for vacation. I used to always go places and try to pack too much into each day. Trying to be more aware of that and slow down on future travels. I had a week long stay-cation this summer and it was sooooooo nice. No plans, just took each day as it came. And it was exactly what I needed at the time!
    4
  25344. If you dig into LTC ins you will find it's not going to provide enough funds when you need it. I don't see it as insurance but rather a lump sum that would be paid out as needed, it's like dental insurance where you might qualify for a fixed amount a year. Don't forget to calculate inflation which this insurance typically does not. So the amount you buy today will likely not cover the expenses when it's your turn.
    4
  25345. Vero Beach is affordable
    4
  25346. I've been to destin for about a week and i loved it i just wanted to get your take on destin
    4
  25347.  @MichaelBordenaro  i'm glad you guys made it out of there alive ! 😅
    4
  25348. Hello Michael! I hope you have a nice day. You nailed everything for regarding the global financial crisis and uncertainty. My prediction is we’re already in DEPRESSION.
    4
  25349. Uncertainty is bad for business. Better to sit on the side, wait and see. I would rather rent right now just to take some risk off the table.
    4
  25350. yes In the winter my life is like that white little dog laying in the middle of the floor. thank you, good video !
    4
  25351. It seems that, with the moisture factor, especially with salt water, the weather and the proximity to the shore, the life expectancy of high rise buildings there would be shorter than other drier areas.
    4
  25352.  @MichaelBordenaro  Yep. I live near DFW Airport and can go pretty much anywhere in the world. :)
    4
  25353. My husband and myself listen to everything you have to say, thank you!!!
    4
  25354. There will definitely be buyers who feel regret because they got in AFTER the price bottom. But COME ON, the odds that median home prices have already reached their bottom for this cycle as of December 2023? Well below 10%. If you think otherwise you need to look at more leading economic indicators.
    4
  25355. My favorite housing Youtuber. Keep it up sir.
    4
  25356. Great Video ! Thank you for this well-thought -out economic overview ! I learned a lot....Please keep making these informative videos .
    4
  25357. It costs more to buy land in the Metaverse 😂😂😂😂 so ridiculous 😅
    4
  25358. Taxes are absolutely theft by corrupt government. We fought a war over this type of stuff. Taxation without representation. No single tax dollar should ever be collected without vote by the people. But as long as weak people let it happen, it will only get worse.
    4
  25359. Thank You Michael ! You put a lot into these videos. Again - Thank You for Producing these videos. At 65. I'm trying to keep my finger on the pulse of this situation....................................................
    4
  25360. Michael I hope that at some point you can go visit Anchorage. Walk the streets, See the Moose. May time frame. You'll love it!
    4
  25361. I live in Brickell and love it. It is my tropical urban paradise here in Miami
    4
  25362. Congratulations Michael! Your views have been amazing!
    4
  25363. Perfectly said! Live within your means, and be happy.
    4
  25364. This was a nice, sweet video! So interesting to hear his story.
    4
  25365. That looks nice. I don’t think all the people would bug me. Maybe there would be some interesting people talk to.
    4
  25366. What a beautiful neighborhood. Interesting to hear lumber is at a normal price in Florida, in Oregon lumber is still insanely expensive. I am a carpenter and it’s gotta sting for our clients having us do projects for them
    4
  25367. I expect prices will be down 50% in summer of 2024.. If you want to move, do it now, you won't be able to next year.
    4
  25368. these types of videos are good if your on a treadmill working out,,,feel almost like your walking there
    4
  25369. Awesome topic! I’ve always wondered about this is if I moved to Miami and wasn’t going to buy. Thank You!
    4
  25370. I truly enjoyed this video , I'm looking to move to Florida soon and your videos are helping me get to know certain areas , keep up the good work!
    4
  25371. 21:50 💯. I was told Florida would become the new California by someone 5 years ago. Now in 2023 it's pretty obvious that he was spot on.
    4
  25372. Truly sad
    4
  25373. What say you about the fact Florida is sinking while sea levels are rising and there is little to nothing that can be effectively done about it? Then again, Cali has the San Andreas fault so I would take slow sinking to quick burial.
    4
  25374.  @MichaelBordenaro  ok, here is what I was hoping you would say. Sell whatever property you own when you get old/older, live off the proceeds so that your equity isn’t wasted. If you are married with kids, make sure you stay on high land because in 30 years who knows. Rich people with multiple homes and many options don’t have to worry if they lose one house but us middle class mortals do.
    4
  25375. We need to get you an umbrella hat!
    4
  25376. Michael, please, you're driving me nuts with your incorrect use of the word "less". If it's something that can be counted, like Florida insurance companies, and two stop selling in Florida then there are FEWER companies selling insurance in Florida. If you have a pile of sand and someone comes by and takes away a couple of buckets of sand then you have LESS sand. It wouldn't be worth mentioning except for the fact that every time you say less when it should be fewer I can hear in my head my dear mother's voice saying, "If you can count it it's fewer". Thanks.
    4
  25377. So Very Beautiful & Lush Landscapes!!! Keep the videos coming!!!
    4
  25378. My brother has a beach front home on Pensacola beach ! His retirement home .. in 2008. … for 200k .. he is taxed out let alone the insurance…. He had to sell his retirement income is over 4 k a month…. Florida California waked out !
    4
  25379. Livestream of the tower demolition please, ✋️
    4
  25380. Hi I just started my binge watching on my 4K hi def tv We are rewatching Colorado the mountains and rocks just everything is so majestic .💐💐💐💕💕
    4
  25381. Love St. Augustine...
    4
  25382. You really have to have a strong mind to not be affected by this constant marketing of having an elite lifestyle.
    4
  25383. 1
    4
  25384. I traded in my condo for a duplex because I wanted my own garden
    4
  25385. Surfside be strong ❤️🙏🏻
    4
  25386. I live in Murfreesboro Tennessee outskirts Nashville. Zero houses under 200000 that u would buy!
    4
  25387. That Ltd + metal plate on the amp reminds me of my ESP JH2. Quick question: Between Palm Coast, Port St Lucie which one would you pick? I am buying a house.
    4
  25388. Michael Bordenaro thanks!
    4
  25389. Thank you Michael for you great explanation ‼️‼️👍
    4
  25390. Harvard Business Review reports that homes will decline in value beginning in 2024. If you purchased a home in 2021, or will purchase a home in 2022/2023, you will have negative equity beginning in 2024. Yes homes are going up this year and next year, but what if homes decline by 25%+ or more and you lose $100,000? Harvard Business Review reports that it will take 18-24 months of consistent small declines in home values. If home prices decline 1% MOM and you have 36 straight months of 1% declines, you have lost 36% of your value from peak to trough. The Obama law was extended by Congress in 2021 through 2025 that if you walk away from your personal home and the bank has to sell for less than the mortgage, the bank/taxpayers will eat the difference because the person that walked will NOT receive a 1099 for tax consequences.
    4
  25391. Suppose the homeowner has a $200,000 loss after saving $500 per month for only one year? Ouch! Insurance companies spread the risk of loss among thousands of properties. A self insurer can’t spread the risk of loss. Warren Buffett can afford to self insure his house. The average homeowner probably shouldn’t try it. No, I’m not an insurance salesman.
    4
  25392. Ciao Bello great hair cut ! Your a great realtor! Wish we had more like you in Northern California 🍷🇺🇸
    4
  25393. Those "stupid masks" are slowing the spread of the virus.
    4
  25394.  @MichaelBordenaro  when I become a senior, all Miami Dade mass transit is free. (I believe at age 65)
    4
  25395. Excellent points and appreciate you telling it like it is. The US Dollar has lost 98% of its value since 1913 meaning what would have cost $0.02 now costs $1.00; a 50x increase or 5000%. Their target rate of 2% is laughable, especially when they keep changing the inflation rate calculation and what is included and what is not. Inflation really took off when they decided to ditch the gold standard.
    4
  25396. The "fees" are paying originators, all the people down the line who actually do the work, and the useless office spaces they hold in "luxury" commercial buildings. This mall is too busy. Explains the total consumer credit card debt numbers.
    4
  25397. When you go to Cali can you go to the boarder and let us know how many illegals are flooding in
    4
  25398. So nice to see you reconnect with your grandfather after so many years. Family is family. Hopefully you and Lisi will get to see him more often now. Great video.
    4
  25399. that's where i wanted to be right now, Mike
    4
  25400.  @MichaelBordenaro  thanks. I would say it's thanks to our parents and our upbringing. I think a lot of that is missing from our society today.
    4
  25401. Well that's not alright what's going on over there. Floryda watch out for such activity! if it gets out of hand maybe it should be forbidden before nobody wants to live over there.
    4
  25402. I think your hook is not only saving people time but your knowledge base allows you to interpret Florida better than most viewers even if they did the same thing. I have a lot of opinions on Miami from my trip but I don’t have the history to compare like you do. Also I’ve never been to the gulf coast and only once to Palm Beach so I just don’t have the time to have more than first impressions. I really only know Space Coast and First Coast. I will probably start surfing Treasure Coast more plus I like the blue water in Del Rey beach over the green water in New Smyrna
    4
  25403. This is a terrific video! I much appreciate seeing the locations of all the buildings relative to the street and to other buildings. I recognize some of them from Zillow, when I was checking out condos for sale. I still look at condos sometimes, but I'm being forced to wait for awhile. Anyway, your driving on the actual street is so much more informative than google maps. Thanks for doing this!
    4
  25404. With rattlers they usually give you a warning unless you really surprise them. You should be fine if you stay on the trails --way more dangerous snake breeds in FL.
    4
  25405. Happy Santa day (MB) great vid wow so many lights music was wonderful touch !! niceeee keep the up the good work ! blessings to your Ms as well
    4
  25406. a shirt with sleaves!!!
    4
  25407. Michael I think your predictions are spot on. Can you do a video about people moving out of Florida and job loss affecting the market? People moving because they don’t like living in the south now
    4
  25408. It's a sad state of affairs when the Mafia can't even whack a guy because there's no cement for shoes.
    4
  25409. I bought a house in California for 5k over asking and it appraised for the listed price. Not bad considering how nuts the market was 6 months ago. I redid the front and backyard and a bunch of cosmetic items inside. Not regretting it one bit since I plan to live here for 10 years. It's 5 minutes from my job as well so all things considered, I was fairly lucky. I knew it wasnt an ideal time to buy, but I could not deal with the HOA of my previous residence (condo). They didnt maintain the sewer lines and sewage ended up backing up into my and my neighbors condo. Caused 50k in damages and it took the HOA 4 fucking months to remediate and replace everything. I had to live with my parents. A word to anyone buying, be wary of HOA's.
    4
  25410. Hi Michael, My mom is considering leaving CA, and moving to Naples, FL. Is Naples ideal for affordability and peace/quiet. And have homes around $200k since CA and Hawaii homes are like $800k. Lol. Thanks!
    4
  25411. Northeast USA is out of control, low inventory, high demand, multiple offers on each house This of course is in areas with good school rating, which for most parents like myself is THE main criteria for buying a house.
    4
  25412. Love those shades Michael! Keep the videos coming!❤️❤️😊😊
    4
  25413. Good analysis here Michael. Thanks for your thoughts.
    4
  25414. Best video to date. Financial education is a vacuum in the US curriculum. Like the Rich Dad, Poor Dad approach. Like the Ramsey budgeting and save to buy approach. This line of critical thinking about money is helpful. Keep going.
    4
  25415. Happy New Year Michael and Lisi!!!
    4
  25416. My wife got a raise from $440k to $550k this year
    4
  25417. Great Vlog Michael, is nice to see you back at the beach
    4
  25418. Me too. The rain in Florida is soothing to me...it also smells so good...
    4
  25419. Merry Christmas!
    4
  25420. HA I love the Brits! Leave the sign, we need all the comedic relief we can get!
    4
  25421. Looking forward to your Cali beach videos!
    4
  25422. Rip meanwhile that happened 3 and a half hours from me
    4
  25423. You’re right Michael. In Brevard County, FL properties are gone in 3 days! Extremely inflated prices and I’m priced out. I can’t afford to buy 😢
    4
  25424. I looking to buy a house with cash When do you think I should get serious about buying?
    4
  25425. Good content!
    4
  25426. I feel at home in S. (East) FL because there are so many New Yorkers. I'm not crazy about the crowd that generally moves to the West side. Good video.
    4
  25427. When you said Sexy Girls I was like he Untaken
    4
  25428. I haven't paid interest for 13 years. I do spend money, when i purchase something large, i always use a 18 month interest free debt! I'm a 840-850
    4
  25429. As soon as you said you could move to Des Moines, IA, I thought of Nick’s videos. I still think you guys should do a collaboration video! Beautiful water area!!!
    4
  25430. Is it safe there? And what about the cost of living .... and medical?
    4
  25431. I live in the Phoenix area. What Mr. Bordenaro is saying about the market here is so true.
    4
  25432. Good info Mike, 1000 subs, let's do it.
    4
  25433. Crazy that the numbers are cut in half just 30mins north of Miami
    4
  25434. Indian Givers!!!😂😂😂
    4
  25435. I had a beautiful Cyclone Fence professionally installed around my property so my dogs could run in the backyard freely I got a notice from the HOA that if the fence wasn't removed they were going to put a lien on my house I had to have the professionals come in and remove it you can't even plant flowers in the front of your home also you can't paint it either they tell you what to do with your property don't ever get in an HOA I moved out
    4
  25436. 94 degrees w/ 71% humidity that's basically inhabitable dude
    4
  25437. I am so glad I struck out on my own right after college. I did not have much of a safety net, so I had to get a job right away, but I loved moving to Denver from dreary old SE Michigan. I had been there the summer before, but did not know anyone, but I make friends fast. I saw many of my friends and classmates who never left MI, and are still stuck in there, as they now have family and work ties. I think everyone should at least explore one other place to live. Now, I have been to all 50 states (48 by the time I was 26) and lived in 10. It has given me more of an appreciation for different places. I wish the remote online earning was available, or I might have chosen some smaller places. I know many are not risk-takers, but if you do some research and have self confidence, you know things will always work out. You will not have any regrets about not spending more time cleaning or staying in your comfort zone, but you will regret not taking a chance. When you are in your 20s, you have abso,utely nothing to lose. I was lucky to be 22 at a more affordable time, so an apt in a new city would not require a huge outlay. I am drawn to smaller cities, now, provided they have good transportation and culture access to a big city. Beautiful as it is, I could not live in WY, MT, or several other places. Our impression of a place often changes once we live there. I loved SF when I first visited, but after living there for a few years, the photogenic beauty was surpassed by constant fog, the incessant noise of the city, as it is very compact, the hassle of finding a place for your car - with all the tow-away zones (most apts do not come with any parking), and the constant side show weirdness that made every day feel like Halloween. I still love visiting the city, but would never want to live there again, especially with homelessness and drugs and human manure around, and a CON tyrant like Newsom as governor. As long as one is clear about what they want, and make connections with locals, a lot of opportunities can open up. The basic decision all boils down to excitement about new opportunities vs fear of failing. Most Americans do not have enough hunger for freedom, but prefer to be taken care of. Approach life as an adventure, and you will be well-rewarded. Fear is a killer! Michael, you live in a state where there are lots of opportunities, so you will never have to return to small town IL. That, in itself, should comfort you. Experiencing a different part of Florida will be a good experience, and if you don't find it desirable, you can always return to Miami.
    4
  25438. My home town...I know all the good spots..lol👍🇺🇸🦅💯
    4
  25439. Houses are $400,000 each (on average) so a recession will crash America's housing market. Meanwhile, Canadian houses are $2,400,000 each (on average), but the same recession will make Canadian house prices DOUBLE. Why is this so ???
    4
  25440. One of your better videos Michael although you were ranting lol. One thing to note these Heloc loan rates are good if you have good credit otherwise can get destroyed like I did when I was younger
    4
  25441. Where did you live in IL
    4
  25442. Love St Augustine
    4
  25443. Traveling is a money well spent. I will never regret spending my money and time with traveling. In fact, I think people should travel more and enjoy life because life is short.
    4
  25444. I was looking forward to move to Boca Raton fl but It’s very expensive vs others cities in fl. Watching your videos I decided to give a look at St. Augustine I find nice affordable house but when watching the news noticed it’s a lot of shooting so that freak me out and now I’m doubting moving there.
    4
  25445. I like to subscribe to a small youtube channel then a big one, I hope you will always provide new fresh and update content about blogging and how you gain success get money from blogging or monetize your website.
    4
  25446. My college Buddy sold his home in Florida, cap gain 475k$ Move back to small town Massachusetts. Bought a nice home for 200k Him and his wife work part time and got a nice cash cushion Granted you in a small town with 15k population but the financial peace of mind sure makes up
    4
  25447. So the government just kicks people out of their homes and on the streets?
    4
  25448. I can’t wait to get away from these fires here in Los Angeles!! 😫😫😫😫
    4
  25449. nothing is e good idee to risk the roof over your head..nothing()
    4
  25450. You’re an awesome person Michael and you always have great content. You will get to 100,K Subscribers before the end of this year 🎉🎉🎉🎉🎉 Keep on keeping on my friend. Blessing’s, Carlos ✝️🙏❤️😊❗️
    4
  25451. I am an older millennial (39), own an Electric car that I love and charge for free. I am not sure what is not to love about the Electric cars. I agree it should not be forced..but I have not a paid a cent in gas in over 1.5Y...if I would have had to pay for electricity , I would have paid $1200, a fraction of gas would have costed me. I also got the $7500 tax credit. I am very pleased with my purchase so far.
    4
  25452. As a last resort, stay at a resort.
    4
  25453.  @MichaelBordenaro  Our single-family homes have doubled or more. What used to be $198k to $225k is now in the high $400k to $500k range, what used to be $400k to $500k are now selling in the $800k range and nothing has changed, no improvements. MT average household income is $49k totally divorced from housing here which is eaten up by VRBO. AirBnB. Everyone and their mother moved here in 2020, we gained a House of Rep. seat in Washington DC we had over 44k ppl move here, it is a nightmare.
    4
  25454. I hope you are not a Chicago liberal bringing your liberal ways to Florida.
    4
  25455. Do u have any website recommendations in order for me to track my local area accurately?
    4
  25456. This video is very important information, seriously. Because In general when rates are cut dramatically, it tends to be because the economy is not doing well, which often accompanies a housing drop
    4
  25457. Sadly this law will be subject to the individual municipalities as far as enforcement. Some burbs will have an unofficial policy of not enforcing it or they will face the wrath of the woke people and organizations in that burg. Some politicians will side w the opposition and stop the enforcement. I see st Pete doing that for sure.
    4
  25458. Lived all around there for a long time and it's amazing how much you understood about the area in such a short while. It's basically poor/lower middle class hillbillies, or rich people. The poorer folks struggle to get by and the rich get to have all the fun. Generalizing a bit of course, but you get the gist. If you can't afford waterfront property and a boat (multimillions in that area as I'm sure you know), it really isn't worth living there! Your summary was pretty spot on
    4
  25459. Your voice is so peaceful, reminds me of Bob Ross, the painter. Love ur channel
    4
  25460. Great great JOB
    4
  25461. Loved the tip about saving for repairs!
    4
  25462. Your unstoppable man. I can't believe your filming in the rain. Massive dedication.
    4
  25463. Are these foreclosures have been filed but not processed into evictions etc.
    4
  25464. Hi micheal. Love the video my friend. I am 27 years old and just this year i found what i think i would like to do the rest of my life. It is a 1 in 100 chance to make a living out of it, but still going to do it. Keep up the good work and Florida vídeos.
    4
  25465. Keep up the good work! love your sincere and informational videos!
    4
  25466. FREEDOM....NO MASKS
    4
  25467. Is boynton beach a good place to live in?
    4
  25468. Looking forward to the Road Trip!!!
    4
  25469. Great video! I believe I saw in another video that on Collins Ave they are building up the sea wall...I guess the water is rising...lol
    4
  25470. Many are going to be apartment poor pretty soon if not already. This summer will be very interesting with gas prices and higher inflation added in. As far as people being house poor for the reasons you mentioned, I’ll have to say that bad planning and decision making is a personal decision. Financial responsibility is a personal decision. Waiting out this bad situation is the best advice. It’s worth waiting and won’t cause you to fomo into the housing market.
    4
  25471. Also in my 30s… when I grumble about the stock market and fed I feel like a 50 year old man, but I agree with you, starting the conversation early is the only way we’ll actually be able to retire at all…
    4
  25472. Great video Michael. The backdrop on your walk is beautuful. Those ranch homes with incredible landscaping is stunning. Many with circular or horseshoe driveways. Excellent content. Thank you!
    4
  25473. I vote no. I have never lived there, but I understand the costs of living there is unacceptable for me. I want to live the best I can for the amount of money I have. Here in the mid-Atlantic are bad enough and not retirement friendly. Correct me if I'm wrong, but if a place is going to threaten to tax me if I leave, that is not the place for me.
    4
  25474. Hi there my name is Ivan, Great video by the way. Did you say own a condo or rent a condo? When you said in the video about maintaining the maintenence on a house compared to a condo the ac part. if you own a condo you're responsible for pretty much everything in a condo. But when you rent a condo the manager of the condo calls in the ac repairmen and they fix it. Same thing when you own a house, you are responsible for everything in the house.But if you rent a home they come out and fix it. There are some condos that offer maintenence fee and come out and fix it. Cause my sister bought a condo in Davie, Florida and her ac is bad and she has to purchase a new one and have installed. As for me, an individual I'd rather buy a house because I am a music producer/remixer so I need to sometimes review the music I am recording loud and neighbors won't tolerate that. But if I can't afford a house then I would have get a condo but then I would havew to strictly follow condo rules such as no playing loud music at a certain time. That would really hurt my music recording sessions. I know you play guitar and you've mentioned on one of your videos that your neighbors complain.
    4
  25475. The unemployment rate is a lie, you really have to look at the labor force participation rate. And right now we are equal to the mid 80s when a lot of wives still stayed home to keep house and raise children. The economy is worse than anyone thinks.
    4
  25476. How scary they are selling a unit in the building next to the one that fell
    4
  25477. ahhahaha love it, you drove by michael jordan home and many other bilonaire celebrity yes nobody dears to drive over 35m hidden cameras on trees will get you pullover at the end of the street thanks for sharing to the world how beautiful is around here,
    4
  25478.  @MichaelBordenaro  yeah! he also build his own golf private golf club in bridge rd you drove. in hobe sound city town, very sneaky super private closer to I-95 though, the little secret about living in martin county is low taxes!!!!! that means jupiter island tequesta, hobe sound, stuart, st. lucie I'm hoping will stay this way I love your videos your wisdom and recomendations!!!!
    4
  25479.  @MichaelBordenaro  I recommend home sellers keep a pair of dueling pistols at hand in hot markets. We could've settled it all right then and there if I'd had those.
    4
  25480. You need to be telling buyers that if they buy a house now most likely the home will be 30-40% less in the next 3 to 6 months.
    4
  25481. They'll still never get it financed if was built before 76, not even for an exorbitant rate. Plus you have to pay the lot rent, in Greenbrae I wouldn't be surprised if it was 1000 a month.
    4
  25482. Sorry Michael, I've been predicting this would happen for about a year now. Crypto is nothing but the wet dram of Keynesian economists as it is created from nothing, backed by nothing and is worth exactly nothing.
    4
  25483. Oh now I like this place its so pretty thanks for showing the Village enjoy you and your wife👏👏👏❤❤❤
    4
  25484. Lol, I love this video...very informative. But when you mentioned the restaurants, you sound like you’re born under the Virgo sign. Not picky, just very particular about what we eat and pay for.
    4
  25485. Seems like there is way less houses in the riverside high desert area for sale...🤔
    4
  25486. Miami, Broward County, don’t buy now. Turn the tables on the seller.
    4
  25487. Awesome! I have been trying to understand how a credit crunch hurts or helps me. I'm a pretty competitive buyer considering credit, income, no debt, deposit, etc. Does that help in a credit crunch?
    4
  25488. Still unbelievable to me how those rents for those houses are so higher! I guess that makes sense though in this market. I don’t know who in the world could afford to pay that. If you can afford that kind of rent, seems like they would just buy a house. Great video as always! Enjoyed seeing this beautiful neighborhood!
    4
  25489. Great video! Loving the new areas! Keep up the great work, Michael!
    4
  25490. Housing market went up 100% in 2 years.....Zillow....home prices will go up 20% year over year forever so buy now.....also Zillow we now offer 1% mortgages.
    4
  25491. Hope you're day is going well Michael and I enjoy your content. Just wanted to add that although the govt., specifically the Fed can do better with monetary policy, it's high time we start blaming people (ordinary consumers) for making dumb and downright irresponsible financial decisions.
    4
  25492. I do feel for those Californians that don't want to live there. I'm in New York which has a lot of the same downsides as California. Anti freedom, expensive, horrendous politics, crime, you name it. However, we have none of the upsides. The beautiful weather, landscapes, beaches, etc. Made a decision last year to start saving and that I am leaving New York. I'm just waiting for the housing market to come back to reality a bit before doing so. Looking at the Southeast.
    4
  25493. I walked the neighborhood and still landed in a high crime area. I do live in Chicago though.
    4
  25494. Beautiful walking tour of Miami Beach. 😊😊
    4
  25495. Thanks for the video! I often wondered what The Villages were like , pretty lively but 9 is to early for me. A lot of people are enjoying themselves. Hi Lizzie love your dress!
    4
  25496. I’m most likely going to move to Florida in after college within the next 5-6 years. I’m thinking of becoming a school social worker. What major city in Florida would you recommend me to move to for that occupation?
    4
  25497. We need poor farms again to give them work and dignity.
    4
  25498. Almost 1st Don Johnson Jr you miss me. Lizza upped your shirt game lol.
    4
  25499. Thats a good informative video Michael👍🏾
    4
  25500. Thank you BlackCanary!!!!🌹😘☺️
    4
  25501. Great job at keeping it real! You even mentioned the winter jelly fish! I can smell and feel the salt water on my lips!
    4
  25502. do a live stream !
    4
  25503. @20 minute , THE FED NEVER SAID ANYTHING ABOUT STOPPING, PAUSING ANY OF THAT, THAT WAS ALL MEDIA BEGGARS, MORE SPECIFICALLY THE FED SAID NOT EVEN TALKING ABOUT THINKING ABOUT CUTTING UNTIL EARLIEST 2024. RICH PEOPLE OWN MEDIA AND THEY ARE ALL IN MASSIVE DEBT, AND ARE HUGE BEGGARS.
    4
  25504. I'm so glad that I've found your channel. keep doing your great videos.
    4
  25505. You're doing yourself a disservice by not visiting the smaller coastal towns. I recommend: Venice, North Port, Punta Gorda. Dunedin, Tarpon Springs. Anna Maria Ocala for horse country.
    4
  25506. West coast seems nice but that red tide is scary
    4
  25507. Does that mean that next year I'll be able to afford an apartment in Florida?
    4
  25508. They must increase interest rates or else inflation will continue to run high. This will inevitably cause lower prices over time. If they ever lower the rates again inflation will be high and real estate prices will stay high as well.
    4
  25509. Hi Michael, what will $500,000 buy in terms of a single family house, without HOA, in both north and south Miami Beach, say, a block or two from the ocean? Thanks!
    4
  25510. Also how much is the average cost for ruining the air conditioner for say a 700 sf to1000 sf dwelling?
    4
  25511. I keep my ac on 80 , crazy for most people, but my bill is never over $65. It depends on the temp you run it. Most of my neighbors pay $100-$150.
    4
  25512. run it half the day and I post about 90$ per month in June and December about 55$
    4
  25513.  @MichaelBordenaro  okay thanks for the heads-up I'll keep that in mind.
    4
  25514. Tough crap for Kathy wood and Elon. They got rich with no risk cash. Now they can suck it up.
    4
  25515. I want a pros and cons list
    4
  25516. Happy Thanksgiving! ThAt beach and sun looks so inviting! You know how hard it is living in the cold! I found your video by accident but I am glad I did!
    4
  25517. Mike nice job with the info but is not the end of the world or even end of our economic system . This is "another downturn".....might be a big one. Might be like 08 , 00, or 1990. Great to tell people to be prepared but try not to scare them to death. There will be opportunity for those prepared and not over leveraged. Be well
    4
  25518. Hi, Im from Croatia and im probably going to move to Florida, Miami can you please make a video or just tell how medicine works there because I don't know what i need to finish in Croatia to work normally there. And do you maybe know does Florida have any Croatian citizens and if do where are they at?
    4
  25519. Can anyone tell me how we are going to take care of the batteries in these EV’s when they are no longer good? Is this truly good for the environment?
    4
  25520. Beach bod 🤣🤣🤣🤣
    4
  25521. Hey Cheryl, thank you so much!🌹 I was kind of having a good hair day on this day!🤣☺️
    4
  25522. Would you rather be poor or living in debt to the banks? If you asked that question to someone on the street what would be the percentage response in the US.
    4
  25523. I'm loviN iT❤Thank yoU
    4
  25524. Michael this is such an awesome video. I have been watching your videos for a while now as you know and you really hit the nail on the head. You are exactly right. In fact I think will might even be too far gone now. If they keep printing money we are definitely doomed.
    4
  25525. Thanks. You are a natural teacher. Bless you
    4
  25526. You just say things like it is Michael, keep it up. Aunt Kettly 😊
    4
  25527. yes, lovely background on the top of an interesting video. Thanks
    4
  25528. Any home I have bought has been great and I plan to move to Miami in 3 years. Can’t wait!
    4
  25529. You forgot about "keep interest rates high so savers make some money in bank accounts again."
    4
  25530. Glad he is grateful, positive and appreciates nature...in Florida, agree with him....been here for 30 years.
    4
  25531. You make great points! IMO the government should step in and do something about this problem. But yet again they (greedy politicians ) is how they get their millions by lobbyists. This whole mess is just a "vicious circle" with no end is sight. Let the real home buyers get first dibs! 💥💥💥👍
    4
  25532. Excellent cinematography! Those parts are probably the most beautiful and awe-inspiring places on Earth. P.S. David Gilmour would be envious of that first riff.
    4
  25533. Here in Ireland my 170000 euro house is 320 a year euro insurances, 120 euro house tax, 360 internet and 120 euro 100 gigs phone plus free calls and texts. Taxed and paid for cheap healthcare (Not free).500 euro car tax fully comprehensive. You, my American cousins are getting absolutely ripped off big time and it's disgusting to be honest.
    4
  25534. Really pumping these videos out
    4
  25535. Thank you for your kind compliment!
    4
  25536. Aren’t most homes and buildings in Florida built to withstand hurricanes?
    4
  25537. you work near orlando at all? looking to find a house to rent have upwards of 2-2500 to spend a month
    4
  25538. That people are still holding the GME bag is amusing. It's still way overvalued because the business hasn't really been necessary for the last decade or so. They should have gone bankrupt by now, but all of the memestock buyers gave it a 2nd chance to bleed out when they issued new stock at a bloated price to raise extra cash that they've steadily been losing. What you missed looking at the GME numbers is that there was a 4-1 stock split in 2022, so the price today is 1/4th of what it would have with the number of shares in ~2020. So ~15 today would have been ~60 back at the start of 2020, but it was actually (more correctly) just 6.
    4
  25539. I honestly just cannot except the amortization schedule for mortgage loans these days, paying 1.5x in interest on your initial loan amount. I dont understand how that is a good investment. Not to mention property taxes. speaking of which, OMG 9:13 mark 163k in property taxes for one year? FFS
    4
  25540. Very nice home.
    4
  25541. Hi Michael quick question, If I am trying to deposit cash with discover bank how much would the fee be for a money order/cashier’s check in order to deposit the funds (cash) in the account ?
    4
  25542. Another Great video, I had my lunch and watched your tour.....I appreciate you giving the price points on the various buildings. Action Kid does "walking tour videos" and is quite successful. This is real good production content , esp. with your real estate knowledge. Bottom-line it's a Winner, Michael !.........Thank you
    4
  25543. Thank you for sharing your thoughts about the Government offering to pay student loan debt with our tax dollars. It's good to know that the guy whose videos I watch 2 or 3 times a week shares the same mindset as those of us who have it figured out. So glad that things are starting to cook for your business. It does take time and extreme effort to be on the plus side of life through entrepreneurship ! Congrats man ! I myself was able to attain a decent 6 digit income during my working years without a college degree.. BTW .. kick ass amp that you have there. (Noticed on a much earlier video) I hail from Aurora IL , and am an intermediate + guitar player. So we have some commonality. Now in Winter Haven FL .. Keep up the good work man ! And Thanks for all your time on these videos !
    4
  25544. Yesterday, I anticipated that today's FOMC Meeting would have been straightforward, i.e., no change in Fed Funds and hawkishness about 2024, and in the end, this has been the case. The Summary of Economic Projections released by the central bank reveals that the projected federal funds rate at the end of this year remains at 5.6%, consistent with the projection made in June. This indicates that most officials on the bank's policy committee still favor implementing a quarter-point interest-rate increase during either the November or December meetings. Looking forward to 2024, the chart displaying officials' views on the rate outlook reveals that they foresee two quarter-point rate cuts. The median forecast in the SEP anticipates the federal funds rate to finish next year at 5.1%, higher than the 4.6% forecast made in June, suggesting that there will be fewer rate cuts than what was previously expected. From my side, two cuts is a very optimistic outlook; inflation is going up again, the economy is gaining momentum, and financial conditions are still too easy. I think the likelihood of rate cuts next year is very low. This is not the pre-covid world any more.
    4
  25545. At some point the remote worker migration will plateau and maybe even reverse if layoffs continue. For example Tesla just laid off a bunch of remote workers.
    4
  25546. Omg!! You’re too much!!!😂😅🤣 Thank you so much!!!🤍🫶😘
    4
  25547. Love the video. Please do more.
    4
  25548. I walked and biked that bayside on my last trip there. Depression is setting in now as I eat an entire box of cookies and hate myself for not living there lmao
    4
  25549. So the woman that stole the PPP funds, the government will take any assets she has and sell it off. But they can also go after future money she gets, if they find out about it.
    4
  25550. I'd love to know that too. Also about St John county and Penellas county.
    4
  25551. Hey whats your opinion on ft lauderdale and the beach and just the whole city
    4
  25552. Very nice..
    4
  25553. Hey, Michael can you do a video of Fort Myers and Fort Myers Beach Residential neighborhoods? I am thinking about moving there or Cocoa Beach or the Broward County area.
    4
  25554. I live in Michigan. Love your videos. Extremely informative. I’m thinking of buying in area.
    4
  25555. I've visited st augustine often and outside of the house prices the only other issues that would keep from there is the job market and how they have a large homeless/panhandling population that covers the entirety of the downtown historical area. Would that impact your decision any?
    4
  25556. Florida will only be affordable to the ultra rich . Middle class people don't bother coming to Florida. 🙂 .
    4
  25557. Jeremiah Babe was saying the same thing about the rates. Question. Where are all these people getting this money to buy homes, $50k over asking? Are they doing illegal activities or banks just giving away cash? Not everyone has enough to put down on a house, it will talke forever to save
    4
  25558. I love this walk and talk, Michael! Perfect! You are right about this situation…something definitely needs to be done! This is WAY out of control!
    4
  25559.  @MichaelBordenaro  ALWAYS BROTHER!!.. I MIX AN LMNT ELECTROLYTE PACKET INTO MY WATER TWICE DAILY.. I'M DOING CARNIVORE.. NO CARBS BABY!! 🌴😃🌴
    4
  25560. First video I’ve watched of yours. Great stuff 🎉
    4
  25561. Another reason that wealthy and or middle to upper middle income people might sell shadow inventory i.e. second and third homes, is a function of a "wealth effect" factor. Many, if not most people in this category have a significant portion of their net worth in stocks. The stock market is experiencing an historic fall. Those with 401(k)s or for example people like myself, that have money in the stock market, are down in my case over $200,000 in the last eight months alone. The market is down as an aggregate approximately 25% if you include the NASDAQ, so the overall market is off by about 25%. Someone with $1 million in the stock market is now $250,000 poorer. This is certainly motivation psychologically to sell those assets in your life that are "unnecessary". In my own case this paper loss so far at least, has caused me to disengage from even considering purchasing a primary residence at this point, no less a second or third property.
    4
  25562. I've looked at mfd homes & a lot of them are quite nice. I rented one for awhile & was surprised, I always thought they were rickety & like trailers. The one I rented was as solid as any stick-built house I've ever lived in, & they have some really REALLY great kitchens compared to supposedly nice houses where someone stuck a 50-sf kitchen in some dark corner with no windows as some kind of afterthought. The problem is that mfd are much more expensive to finance. You can get conventional financing for a MODULAR house, but for a MANUFACTURED home, the rates are 2 points higher, give or take. If you find something you can pay cash for, great. But a lot of these mfd homes are on big lots & not cheap. Especially if they've been remodeled & all those furring strips removed & joints smoothed over & kitchen remodeled etc.
    4
  25563. No one knows what the market will really do.
    4
  25564. Thanks for keeping it REAL! 💯
    4
  25565. yo this video was Bonkers 😂
    4
  25566. I’m a big fan of a corner townhouse structure in a condo community. I have one in Atlanta and only share a wall with one awesome and quiet neighbor. I’m thinking about moving to Yulee, Florida and getting something from DR Horton. You are a fantastic content creator and real estate professional.
    4
  25567. ✌🏻 True
    4
  25568. You have such a nice family😊
    4
  25569. Ha ha like the picture of you and your mom in her pool 🐥
    4
  25570. I liked the thumbnail for this video. Was that done by the thumbnail designer?
    4
  25571.  @MichaelBordenaro  Thank you very much, Michael, for all the information.
    4
  25572. I am having trouble getting into a trailer , I have a two year tenant ledger proving I’ve paid rent every single month on time . The only thing I do not have is my 1099 form from last year unfortunately, but I do also have 20 k saved . If there’s any advice you can give me let me know please
    4
  25573. You're really saying the truth, but even Vegas is alot cheaper than Miami's living expense like Apartments and groceries! But I would still choose Miami though...hands down! Vegas here is super boring and nothing's going on😳especially living here already 35 years!
    4
  25574. 600sf on the beach in CA will run you 1.5M. 1800SF in Del Mar sold for 13M
    4
  25575. I am glad your situation ended fairly well Michael. My wife and I dont care to be landlords so go with REIT's and other indexes . I also agree with you on the Siler and Gold.
    4
  25576. Do you know of any places that need an apartment manager?
    4
  25577. Good stuff Michael love the shave, love the haircut, love how your old lady updated your tank top repertoire LOL.
    4
  25578. Very helpful. Im in Northern California, Napa area and considering Ft. MEYERS AREA for apartment rental
    4
  25579. Moving next month !! Thanks Michael for yours videos.
    4
  25580. St Augustine, yess! I live here and can confirm everything you say. I love Harry's Seafood(the restaurant in your video is so good, when I got married we took the families to eat there). My house is a little over a mile from downtown and end up either walking dogs or cycling downtown a few times a week. Its the perfect balance of relaxing, but enough tourists that it keeps great restaurants open. I also love how much history is here. It's like a history resort. There are still things I have yet to do and I've lived here 6 years. If you ever need recommendations or anything here, hit me up!
    4
  25581. Very insightful video, thanks Michael. We wrote the places down on a paper, trying to figure out which one is the best city for technology and computer software engineering. do you know anything in that regard?
    4
  25582. Could not resist.... Happy Birthday Michael... LOL!!! Great Vlog by the way!!!
    4
  25583. Please keep telling the truth! The MSM is propaganda. The people should demand the truth.
    4
  25584. I like lists. Have you ever thought of doing like "Top 10 Beaches", "Best Secluded Beaches", "Most Hyped Beaches", something along those lines?
    4
  25585. Not much more than I pay for this crappy apt in WPB 😄
    4
  25586. Hey Michael, Miami is really expensive. You're still young so buying a home might be good financially. Paying high rent is never great for the long term unless one is independently wealthy. Staying Florida is a good choice. You can still sell Real Estate and your wife can groom dogs anywhere. Just try to stay within 10 miles of a big city and don't move to the boonies. Not your style. Good Luck
    4
  25587. I'm just looking for a place to crash. Room or apartment. Buying is a risk.
    4
  25588. I came from VA this weekend for apartment hunting and South Beach was crazy! Can we find umbrella rental in Mid and North Miami Beach?
    4
  25589. If we are renting a home in Florida and in another state but only in Florida a few weeks at a time is it possible to keep current state I’d?
    4
  25590. Ty Michael
    4
  25591. If you make under 100k it is very very hard to save and beat inflation. You need to make 200k minimum to even thrive in this environment
    4
  25592. Dude thanks for the video. The area around Allison Park is nice 😂 😉 no comparison to the mess that is SoBe
    4
  25593. Wow the house is awesome! 🏡 🌴
    4
  25594. A number of artist live thete.
    4
  25595. BTW don’t let the environmentalist wacos fool you, even if your auto has a “liberal” oil leak, it wouldn’t cause a problem. There are species of marine bacteria in several families, including Marinobacter, Oceanospiralles, Pseudomonas, and Alkanivorax, that can eat compounds from petroleum as part of their diet. In fact, there are at least seven species of bacteria that can survive solely on oil. The ocean floor has been naturally leaking petroleum for millions of years!
    4
  25596. Who knew free money would be so expensive. Can't wait for the curtains to draw and the show begins. Having popcorn on the sidelines is bliss.
    4
  25597. I saw the news report on that. Pretty slimy that the county had zero responsibility in that whole affair.
    4
  25598. Both Zillow and Redfin are up to mischief. They have mostly stopped listing price history and have, in certain cases, even slightly bumped prices to try and make people jump. Agents and sellers are sneaking up on the discounts but 5% is already common in the most overvalued markets.
    4
  25599. you hit the nail on the head, I believe its the perfect storm brewing,. It is sell now or never.
    4
  25600. Very good information👍
    4
  25601. I love my wife and I's remote jobs.
    4
  25602. Great video, a lot of tips that are valuable during the home-buying process. Btw, I like these little acting clips you put in during commentary. 😂Does Lisi help you with those?
    4
  25603.  @MichaelBordenaro  I was having dinner a few years ago at Two Georges at Boynton beach and I was eaten alive by noseeums. So I’m a little concerned about these evil insects. I itched all the way back to Buffalo Grove Illinois - Lake County side (highest property taxes in Illinois). I’m just not sure what to do about moving. My property taxes are high but there are huge expenses in Florida too - car insurance/registration, home insurance flood/wind, etc.
    4
  25604. California is dying rip
    4
  25605. Take us into san fran, mike. Just make sure to leave your wallet locked up in your room😂
    4
  25606. Nice content Michael. Well done.
    4
  25607. We've lived in two different manufactured homes in two states over the years and in each case we had limited options in companies that would cover them.
    4
  25608. I like heat. 34 degrees tonight here in toledo Mike.
    4
  25609. Wanting to move to florida when I get out of college being a diesel tech and south Florida at the beach
    4
  25610. Man no doubt I'm north of Tampa FL, prices are crazy out of line. Rents are terrible we just were given a updated lease on the home we rent and it's a 34% jump in rent. Somethings gotta give.
    4
  25611. Happy birthday Michael. Have a great year till your next. Great area. Now as you say you can feel the energy of past stars in LA some feel the energy of past lives lingering too, lol.
    4
  25612. very good advices. thank you!
    4
  25613. You left out boat loans.
    4
  25614. You can't work too much. That's looser think❤
    4
  25615. How common are prepayment penalty clauses?
    4
  25616. Hi Michael, hello from Minnesota, it looks beautiful there today. Love your videos 📸😍 keep them coming 😁😁😁 🧸 teddy 🧸 in Minnesota
    4
  25617. I ❤️ ❤️ Don't think interest rate will never be 3% in my life ❤️ time 😮
    4
  25618. Why does someone who owns a business that grosses a million a year need a loan for $50K??? That should be pocket change to them.
    4
  25619. Exposing for the sake of helping people, I love it
    4
  25620. Love this review of the villages. Just wondering how the businesses make enough money. I realize even outsiders can go to the shops but is it enough. Try to get more info on housing styles and pricing. Great job.
    4
  25621. bitcoin=real estate of the internet
    4
  25622.  @MichaelBordenaro  better in most ways hahah
    4
  25623. West coast beaches are like big lakes they hardly move.
    4
  25624. No, not going to live in an HOA. People got enough crap on their shoulders of what governments tell you that cannot do with your property for matters which 30 to 40 years ago would not be a problem. Like making it nearly impossible to work on your vehicle or banning it altogether on your own property in an HOA. Working on your own vehicle is a BIG deal for a lot of people. To many banning it or making it nearly impossible is an assault on people's right to repair their own property they own.
    4
  25625. Michael another great video, a lot of good info........Thank you.......
    4
  25626. Mike, don't forget, lots of the insurance companies make money by investing in the stock market... If we have a prolonged bear market, these companies will get crushed and won't be able to insure any of these properties for a while...
    4
  25627. I enjoy your videos Michael. I watch pretty much all of them. And your content is usually pretty good. I must take issue with today's debt Avalanche video though. Because it is sounding to me like you are way way too sympathetic to these folks that took out loans that the government has enticed them into believing they don't have to pay them back. Talk to the plumbers and carpenters and electricians and all the other tradespeople it spent all of the money that they did establishing their careers and how they're paying back their loans because they're making good income on the profession that they chose to be in. Talk to all of us who have our own car loans and mortgages and all the other Financial commitments that we have. Mike credit score is always in the 800 range because I pay my bills. Because I don't get myself in over my head. A lot of these folks that are in the student loan Fiasco are there because of their own bad decisions and the freewheelin banking industry and the bad decisions of the federal government. It is a combined responsibility. But the bottom line is, you signed up for alone and you are responsible for that loan. Do you have an iPhone latest version? You have a late-model car fancy stuff in your house only one job working 30 hours a week or so? Evaluate your individual Financial scenario and make it so that you can afford to pay your bills and pass up on the extravagances in your life and live within your means. I have no sympathy for anyone who took out a loan and doesn't pay it back and yet walks around with a $1,500 phone and inexpensive car Yadi Yadi yada. Sorry, no mercy.
    4
  25628. P.S. I love that you shot this video outside by the water in a peaceful spot! 😊
    4
  25629. Unlike the government we need to make more money then you spend the % of extra money needed depends on your area like insurance and utilities but the job market is real important.
    4
  25630. Wear Glasses
    4
  25631. Good episode. Do you own any shirts with sleeves?
    4
  25632. I am concerned about the forty year mortgage thing… how it will affect house prices.
    4
  25633. MERRY CHRISTMAS EVE MICHAEL 🎅👍🌴
    4
  25634. I already have my license, and I hope to get more into it in 2021! I am super extroverted and need to interact more with people lol. I’ve been locked at home too long lol. I will focus on Hollywood Beach area since it’s close to me. I don’t want to drive all over the place either. I still want to do more YouTube too though. Looking forward to 2021! Happy new year!
    4
  25635. Why nobody else is in the park?
    4
  25636. Prices are still high!!
    4
  25637.  @JC-dc9oz  Reality is, most people look at the monthly bills when making a decision. They will buy or rent what they can afford. It is human nature.
    4
  25638. Actually the first thing you should do is apply for a loan so you know how much house you can afford. Then look at other programs and house
    4
  25639.  @MichaelBordenaro  My Mom lives in Marina Del Rey. California coast living has become crazy. Even Santa Cruz up north has 1 million dollar median home prices now and 20 years ago was a hippie beach bum town made famous in the movie Lost Boys. You have to drive 1 hour east at midnight when there’s no traffic to get a 1 bedroom for $1,500 a month in Concord California. A lot of low income are commuting from Sacramento or Stockton to work in San Francisco because home ownership is out of reach. Malibu by Venice is great but unaffordable and parking is tight if you’re not a resident. I can find parking easier in Florida but I often have to walk further to reach the beach so it’s a trade off. I need a job in California for 3 months a year where I can avoid Florida summertime but winning the lotto is probably more realistic lol
    4
  25640. Wait wait..did u say getting accosed by someone smoking weed? Well actually when i come across someone smoking weed in public i always ask if they would spare a hit..which i would take had they offered it..but most times they say no and in future hopes that they dont smoke in public again so nobody will be begging them for a hit 😂😂
    4
  25641. 1
    4
  25642. finally found someone addressing how the rates won't decrease anytime soon. everyone is recommending holding cash and waiting for real estate prices to correct, so you can "get a good deal" but even when things take a downturn, you will now be trying to buy a house at 7-8%. So now you can afford half the home you originally thought you were going to be able to buy. in the 1970's mortgage rates rose above 10% and we were dealing with nothing compared to what is about to fall upon us right now. i have several friends that sold and are holding a boatload of cash waiting for a correction so they can buy their new home and I fear they may never be able to as rates get too high. these are middle class families, not investors with enough cash to pay for properties outright. be safe folks - God bless.
    4
  25643. Thanks for the update, I’ll be heading that way in a few months and I appreciate all the insider info!! Ty NamaStacey!!!
    4
  25644. as always, exceptional content!! 👍🏾👍🏾
    4
  25645. I love seeing all the beaches, I live on the other side of Florida though. But still would love to see them
    4
  25646. Seasons at Potter Ranch is 250 Home tract in San jacinto which opened in mid-2021. Medium size SFH's w differing plans lowest starting in $300,000 range and they sold out fast. This is one new housing tract and likely there are several hundred all over west Riverside county(RC) and coachella valley in various stages of construction. My 30 sq mile area which i have observed has 1000 to 1500 New const homes in the pipeline Multiply that by 100X and we could have 100,000-150,000 brand new homes in west riverside county completed by 2024. That is more supply and means decreased prices all over SoCal in near future. Lots of housing stress in RC. See lots of abandoned ghost homes/REO;s/foreclosures with weedy lots in upscale housing tracts. RC is already in RE collapse but The CA RE industry is hiding this. CA needs their property taxes so fake appraisals and housing bubble fantasy abounds in Cali
    4
  25647. There are no adequate words 😢
    4
  25648. 9% by the end of 2024
    4
  25649. Thats insane. Im so happy i moved to jville and got a house. I pay way less with 4bed 2 baths. 2100 sqft. I cant imagine how much it costs now in 2021.
    4
  25650. Time to play 🎶Another one bites the dust🎶
    4
  25651. I saw that Barbara clip today on YouTube and I was SHOCKED!!! I took that advice in 2004 and guess what? The rates didn’t go down they went up and up and up and my home wasn’t worth anything close to what I paid for it. No bank would refinance. That is the definition of financially drowning. I’m sad that anyone would give that advice. Not surprised but sad. P
    4
  25652. Trop beau 😊 👍 merci pour le partage.
    4
  25653. I think pollicians should keep these facts in mind. Their jobs may depend on it.
    4
  25654. Michael Bordenaro that sounds like a very good idea i never thought of that! the only thing is working for a captain i don’t know anyone down there so i feel like that could be a little challenging to get that job but i could definitely look into it i really hope i can fulfill my dreams and live down there one day and not be stuck it my small town forever!
    4
  25655. Just checking in michael, sad to see you left the bay area for your temporary stay, was great hearing you talk in front of the delusional population we have here, but there are many locals here who love your content.
    4
  25656. Michael, I ALWAYS enjoy your take. One thing about the Zestimate that will always make it inaccurate is that it compiles data from recent sales in an area and averages it out. The algorithm does not get to walk inside the house. It's just software. It has zero idea of how fixed up or dilapidated the homes are that are being used to come up with the number/zestimate. All it does know is that nearby homes similar in square footage sold for an average of X-dollars. That's why you and I (real, live human agents) will always be able to bring value that automated real estate systems and iBuyers cannot. That goes double for selling homes in harder times. Anyhow, thanks for the videos. I always learn something when I watch/listen to you.
    4
  25657. Where was the location for the beach cottage on the beach??
    4
  25658. Nice video Michael!
    4
  25659. Exactly 1% death Punch
    4
  25660. Welcome to our area! Enjoy your stay! -Fort Walton Beach local
    4
  25661. Michael Bordenaro thanks for responding! That’s what my gut is telling me. Not a good place for my sons. They’re on their own right now, but I want them to move to be near my husband and me. Unfortunately, I think Naples won’t be good for young people to meet. Do you know if other towns along southwest Florida would be better for them, like Ft. Myers perhaps?
    4
  25662. I have visited Sunny Isles in 2018 and 2019. So beautiful. I've also been to Aventura mall. Do you have any videos for the different counties that are for single parents? I'm looking to move to Broward County or Osceola County. Any other family friendly neighborhoods, you may have information about, would greatly be appreciated. Thanks
    4
  25663. I hate to tell ppl this but this is just the tip of the iceberg. They're holding shet back to win this election. Once the election is over, the floodgates will open and things will get shittier FAST. Buckle up buttercup
    4
  25664. Did she not want to rent it unit she gets better ? or she needs the money for the medical bills ?
    4
  25665. There is another YouTube couple taking route 66 as well from Chicago to California!
    4
  25666. We shall see...so far its been crickets...but things can change. Waiting and watching
    4
  25667. Thank u. Do have an opinion on home cleaning? Is there much a need and is the competition the same as u describe in the video?
    4
  25668. I have over 200k in equity in my house. If I get a HELOC based on my equity of my home now is that something smart? Can the bank reduce my amount as the value goes down? Thoughts anyone, I'd like to buy real estate for investment with the funds, I'm also a contractor so. Flipping will be nothing for me.
    4
  25669. Thank you for doing this specific video. I've traveled to Sunny Isles Beach many times. Used to stay at the Golden Strand a few wks every Jan from 1994 until 2017 when it was bought out to build the Estates at Acqualina. 😔 The former resort was a wonderful place to stay and the beach was great at that time; however, when Aqualina was built next door the beach was changed by shade as you mentioned in your video. Too bad the smaller buildings had to go. Thanks for your detailed commentary!
    4
  25670. I need to move ASAP. Need a change of scenery
    4
  25671. What if the builder is no longer in business?
    4
  25672. Anything my grandparents said, doesn't really apply to present day because I didn't know how important it was to start early. Effort does not necessarily directly correlate to income. Maybe in some cases but not most, for the everyday person😕
    4
  25673. It’s simply enjoyable listening to you talking.
    4
  25674. Can you do a video on the villages and 55 and over communities? I enjoy your videos. Keep them coming, Michael.
    4
  25675. Why 20% down for a condo and not a house?
    4
  25676. The images of all you guys stuff brought back memories of our 2 month road trip. No regrets buy if we did it again we would stay at the same place at least a week unless it was going to be just a driving day. My husbands arm still hurts from loading and unloading and he is in good shape! Lol. I would do a week in LA, a week in Newport OC area, a week in San Diego for example. Yes you feel dirtier, more out of shape and miss the creature comforts of home. A MONTH is my limit now. Lol. Thx for being authentic. We would do beach in morning, sightseeing in afternoon and let the evening take is based on how we felt. Relax more or go out. I would also pack lighter next time! Great video. Enjoy every minute regardless. The memory will be priceless.
    4
  25677. Naples is for seniors with alot of money.
    4
  25678. Jacksonville FL
    4
  25679. Please do Bal Harbour
    4
  25680. Anyone see that fish jump out the water at 8:49?
    4
  25681. Thanks Michael. Great video! A fellow YouTuber from Arizona is now moving to FL because her rent just went up $1000 more a month. She has family in FL. So, Arizona may mean “freedom” but it, too, is getting expensive to live. From what we are witnessing here in GA is that ALL of the southeastern region of the U.S. is attracting alot of the northerners, retirees & investors, due to affordability & better climate. Floridians are moving to GA because of the hurricanes & northerners love ATL & the weather. It’s getting crowded down here! Lol
    4
  25682. Please send the Sun and warmth north to your neighbors! 🌞
    4
  25683. The desire for home ownership in recent years has just risen to ridiculous levels. People act is if they will die if they don't get a home and they are almost willing to sacrifice a limb to do so. I think this unrealistic lust for a home has been driven by nonstop media coverage of housing along with all these stupid tv home hunting and flipping shows. We need to take the emphasis off of home ownership and let the people settle down. Prices in your area are nuts. Florida is hot now, just like Colorado and Arizona once were. Mark my word, the fever will die and soon there will be a new hot spot. Those prices will surely take a hit come the next hurricane.
    4
  25684. I'm losing a tenant next month..Im thinking of trying to sell
    4
  25685. I love this raw video. So authentic and natural.
    4
  25686. Not cheap! Thailand bound for me!
    4
  25687. Most the comments are pretty ignorant. They don't understand that city dwellers are not moving to Texas, its rural California people. People in the city make enough money for their taxes, but the rural folks cannot afford them so they move. Unfortunately by moving they are only bidding the taxes back up because these states including Florida can only hold so much people. The irony is they are fleeing the very problem they are only going to re-create.
    4
  25688. My aunt and uncle Are building a 10 bedroom house in orlando for 700,000 thousand. That's cheaper then where they currently live. UTAH!
    4
  25689. I think they both end in the same boat or the low interest one might win….. I recently bought a house in florida, I know I paid at least $25k more than the market value, with 3% interest. But still my house gained about $50k equity. I’m not that worried about the equity as long as my payment stays very affordable with my 30 years fixed rate regardless of what is going to happen to the market. At the end I really enjoy every single video you post and please keep posting.
    4
  25690. Hello Michael & Lizzy, Always enjoy your uploads. Question? Have you ever heard of or tried "Whataburger"? You passed one of only three in our state in this video. The others are in Tallahassee and Jacksonville (one location each). They're all over Texas, being founded in Corpus Christie. One of the best fastfood burgers in America. They're large, cooked to order and always built "your way". Fantastic fries and shakes too! Question #2? Have you ever been to Johnson's Beach State Park? It's located just west of Pensacola. "The" most beautiful, peaceful, undeveloped beach we have ever been to and we live in Clearwater. It is truly a "bucket list" destination. Very romantic I might add. I wish there were a way I could share an image with you here on YouTube. I've always wanted to share the view from our condo on Old Tampa Bay. It is truly a "million dollar view", but we didn't pay anywhere near that. I know you and Liz are looking and just thought I would share with you what it took us three years of searching to find. You two take good care. Austin in Clearwater, Florida USA 😉
    4
  25691. Southern California by the Ocean has by far the best weather in the world! Only places comparable are the northwest coast of Africa and the Canary Islands.
    4
  25692. 6 million dollars question > How 🤔 did we get here ?
    4
  25693. You're very close to Janis Joplin's house
    4
  25694. for my zip code 77076 we have 350 homes for sale, only 3 have sold in the past month.
    4
  25695. Great videos. I perform well and septic inspections in Maryland for 22 years. I usually perform 10 to 15 inspections a week and has dropped to about 4 to 6 inspections now. I am now seeing foreclosures hit the market.
    4
  25696. Problem is people are maxed out with their credit cards. The people who saved will keep that money under lock and key.I have been buying off auction sites for years ,people have been paying close to retail ,over retail,on items they should never be paying over 25% on.This all started during the last few years probably because covid but they are hooked on it ;fools soon parted from their money.
    4
  25697. that makes no sense on the new house deposit. if you no longer qualify, that usually gets your money back since the bank cancelled it. correct me if I am wrong. it's one tactic usually to get out of a house. what this couple did was decline to buy due to rates. and that was dumb, because the builder sold for 90k more. which they could have done and pocketed 105k. I don't get the story.
    4
  25698. Thanks for the video !
    4
  25699. You right Thank you
    4
  25700. Yeah...many people are moving to Port Saint Lucie it's a great Location because it's in the middle.. 2 hours from Miami and 2hours from Orlando...Check out Riverwalk in Stuart on the weekend they usually have live entertainment by the Saint Lucie river also Mulligan's in Jensen beach is a nice spot where younger people like to meet and greet then you can take the causeway over to Hutchinson island there are many nice beaches over there like bathtub beach..Stuart beach...Jensen beach..and as you travel north past the FPL Nuclear plant you will end up in fort pierce at the Jetty where there are a few bars and restaurants and nice scenery
    4
  25701. Cool Michael, great idea. Gives me a chance to see the beaches down there from here knowing I can always visit! Haven't been to Dania beach in years. Thanks for the tour!
    4
  25702.  @MichaelBordenaro  That is good.
    4
  25703. You are right, people don't do their own thinking or research.
    4
  25704. I’m planning to move to the Tampa area. Do you have any info on the cost of living in regards to mortgages? How much do you think I would be paying for a 265k house in Tampa?
    4
  25705. Lincolnville side of downtown st. Aug used to be known as little Africa. It was all black families in tiny homes until wealthy ppl starting buying cheap, renovating and taxing ppl out....
    4
  25706. For the algorithm.
    4
  25707. How are you doing Bro? Still praying for you, remember Jesus loves you. John 3:16 For God so greatly loved and dearly prized the world that He [even] gave up His only begotten ([a]unique) Son, so that whoever believes in (trusts in, clings to, relies on) Him shall not perish (come to destruction, be lost) but have eternal (everlasting) life.
    4
  25708. I like your video! Great work 👏 The way I see ! I think you like California better than Miami!! I think California is better place over all ! What you think ?
    4
  25709. Yep! 😐
    4
  25710. I'm checking zillow and the likes every day still expensive but I am getting vibes of tipping point. Will wait. Prices won't appreciate in this environment so it's not like I'll miss out. Patience.
    4
  25711. Yes, Gainesville....very cool town. Granted, not on the coast, but he should check it out tool
    4
  25712. WE NEED TO O BACK TO GOLD BACKED CURRENCY
    4
  25713. Was there money inside those luggage???
    4
  25714. To our host: have you discussed the “homestead exemption “ available in State of Florida to some who declare their residence as “primary?”
    4
  25715. Condo living is not appealing to me at all...
    4
  25716. Yes a live stream would be interesting! Long as you can do it safely. I hope people vote responsibly and get these Democrats out of office their policies are devastating to the economy. The owners of the condo building where the tenants have to get out in 10 days should be told they have to get out of their homes in 10 days and see how they like it
    4
  25717. Why bother investing in the stock market when you can buy a house in Florida for one and a half million and sell it three years later for five million. You will never do that good in the stock market.
    4
  25718. I just heard about the building collapsed 🙏So glad you are ok👋🏻
    4
  25719. Negative = Reality
    4
  25720. Nailed it. No other words.
    4
  25721. The condo, hands down, and you own it, besides the taxes and insurance. Actually, it wasn't that bad, showed that you can own for under 200k.
    4
  25722. My interest rate is zero .. dept free.. for 20 years. Not bad for 58 of age ..
    4
  25723. Thank you for all the straight talk about FL condo ownership!
    4
  25724. Very good video thanks!
    4
  25725. Like Chris Farley from SNL. I could always live “In a van down by the river”.
    4
  25726. Hiya, I am 18 and looking to start a career as a real estate agent. I have recently googled average salaries and websites are telling me they are considerably higher. Has the mean income changed from 2020 or is the information inaccurate? Thank you so much for your honesty, it's beyond helpful.
    4
  25727. You aren't negative, you tell it like it is. The economic environment is negative.
    4
  25728. If you have a mortgage on a house 🏘️ house belongs to bank and school board. If you paid cash your house 🏘️ belongs to school board. How come you don't tell this to buyers.
    4
  25729. Anyone who has more than 10k in student loans who was smart would’ve been continuing to pay them the last three years. A 6-3 conservative leaning court won’t rule in favor of it.
    4
  25730. This is some great information, I'm looking forward to watching more of your videos Michael!
    4
  25731. So the traveling around Florida looks good still.
    4
  25732.  @MichaelBordenaro  That is good Miami is still one of the best places there in Florida to live.
    4
  25733. I think 2 weeks for me is optimal.
    4
  25734. $4500 a month for taxes and insurance adds up real quick when nobody can afford to rent or lease your property. Those bills don’t go away, but income can.
    4
  25735. 13k a month and somebodys in it my lord some people make mad money
    4
  25736. About those Florida drivers... so, a 2018 census stated that 58% of Florida residents were transplants. So, most of those "terrible drivers" you're discussing in your video are very likely the worst drivers in the US who just happened to transplant to Florida - probably because they were under the misconception that Florida is an anything-goes place, like you also pointed out. So, when auto accidents do occur, drivers will be confronted with some of the most extreme characters from other states, like, NY NJ PA MD et al... and, not native Floridians. (Just some additional FYI.)
    4
  25737. What’s about VA loans?Are most of the houses which are for sale VA loan approved?we are more intrested in the Tampa Bay area
    4
  25738. Hey you guys. Parking has gotten ridiculous !! My favorite beach is Siesta Key. Love the low key atmosphere, beach sand actually squeaks. Enjoy the rest of your trip, and drive home safely. Tampa.
    4
  25739. GREETINGS MICHAEL 😃👍🌴
    4
  25740. I wish you would of shown a picture of the first room. 😂 The apartment is not bad! Plenty of space and the place looks very chill! 😎
    4
  25741. The current market conditions are unsustainable. It’s that simple. Get ready it’s coming.
    4
  25742. condo buying is tough. I would love to buy a condo in orlando, kissimmee, or melbourne...but with the hoa or condo association fee and the taxes, and the homeowner insurance, and sometimes a "special assessment fee"....its just tough...any condos in orlando without any fees or homeowner insurance or taxes required?
    4
  25743. You look like you live by the Royal Palm
    4
  25744. Michael I think the same thing will be happening in many concrete hi-rises near the beach. Waikiki comes to mind.
    4
  25745. Thanks Michael, Very helpful. I am from Pakistan 🇵🇰.. I am GOLD BAR STACKER. GOLD GOD GIFT TO MANKIND
    4
  25746. The problem with it is there are no jobs in the surrounding area
    4
  25747. I agree #1 is panhandle. I live about 5 hours from there and go there all the time. Especially Destin, Fort Walton beach area and even panama city beach too. the beaches are beautiful and clear. So, I can see why many people vacation there. Its not as big as Miami or Orlando but it is beautiful.
    4
  25748. The New Yorker's aren't very welcomed in North Carolina either.
    4
  25749. Thank you. Should I wait and purchase foreclosures for cash flow? I want cash flow for retirement. Would multiple family units be better? Could I partner? How about REITs? I eventually need a starting point. I'm new to this. I'm looking for assets. Thank you so much
    4
  25750. You think I can move to Florida with just 5000$ to 8000$
    4
  25751. Yes, you can.
    4
  25752. That's Michael's evil brother , I can tell bc Michael'seyes are bright chrome orange.....
    4
  25753. It’s beautiful there just don’t try surfing.
    4
  25754. I am a Toyota girl! I have had three Camry’s and now I own a Rav 4.
    4
  25755. Man I really look forward to your videos. Both you and Dan from IAllegedly video in the two most beautiful places in the USA. You in coastal South Florida and Dan in coastal So Cal. My biggest problem is deciding who to watch first.
    4
  25756. Geez. Are you moving out here in Cali. Helluva road trip.
    4
  25757. Love your videos man! We’re a family of 6 in middle TN looking to buy our first house because we’re currently renting a 3 bedroom. We’ve got 100k down but just don’t know how long to wait before buying. Interest rates up so hopefully home prices will drop soon?
    4
  25758. That yacht is properly own by a Russian oligarch. Lolol
    4
  25759. Whats weird is bofa, randomly raised my credit limit by 7k. Never even requested that
    4
  25760. 10:30 I am sorry for these buyers. Always works with a 'good' realtor, red flags should not be ignored. You are making the biggest purchase of your life, don't rush and do the due diligence. Understand the homebuying process and move carefully.
    4
  25761. I can promise you most tech jobs will stay remote lol, companies that force in person or hybrid lose top talent. It’s just a fact, my company does analysis on this stuff and help other companies navigate. If you don’t accommodate remote work, you will lose the top talent
    4
  25762. I put my savings in a Term deposit account getting a return of $1200 per month and I also rent which cost me $2400 a month. If i were to buy the same apartment my mortgage repayment would cost me $3800 per month. I am saving thousands of dollars by renting. Once I put my term deposit return toward my rental it only cost me $1200 a month to rent. I am waiting for buying opportunities in the next 12-18mths.
    4
  25763. Man I hate to say this but our government is driving our country into the ground. It’s not one party or the other, there is only a Uniparty. And emphatically, yes, no foreign country should be able to buy any form of infrastructure or agricultural land. We should also bring manufacturing back to the USA. It’s obvious, but of course our politicians are getting rich in the process. The answer in my opinion, to start, term limits. Kick them out before they can get rich or powerful.
    4
  25764.  @MichaelBordenaro  oh yeah, “the good ol boys” love the Panhandle. Lol
    4
  25765. Great video Michael! It's so funny how relatable this video is to my exact situation. I am about to make the jump and move from Tennessee to Miami Beach literally next week. I'd be lying if I said I don't have my doubts about the move but I know I have to just do it. If I fail then I fail but at least I will know that I tried and won't have to always wonder what if. Having to spend my life wondering what if is way more terrifying than trying and failing. I know it's going to be tough but I am motivated. What scares me the most is moving to a new city and not knowing anyone. The idea of being isolated scares me a little. How was making new friends for you when you first moved to Miami?
    4
  25766. I used to live in Florida. I lived in Jupiter FL for 10 years lol
    4
  25767. preach michael!
    4
  25768. Maybe a video of cheap-Low crime areas. Thats very Imp to alot of people.
    4
  25769. I’m born and raised in Miami Beach and my mother used to own a few hotels on the beach and prices, an HOA’s have never been this high I feel bad for families
    4
  25770. Malibu by far one of the dirtiest beaches in Cali
    4
  25771. Michael Bordenaro paradise cove, Leo Carrillo, Malibu Peer are beautiful and very clean and well maintained. I’m a surfer, that being said. Malibu is in the top 5 worst beaches when it comes to water pollution. Gets better going towards county line, silver strand (Oxnard), Ventura leer and staircase
    4
  25772. Thanks Mike. I use to had a business experience in Boca Raton. Do not forget the people in South Florida are very cheap, even if they have money. They do not value your work, so it will be difficult for you to compete with immigrants from South America.
    4
  25773. Im a Boston native living in NH (live free or die). Up here you can start seeing your breath in late September and it geta pretty much worse from there. The weather starts to get nice in May, but snow and freezing rain is not uncommon in May. I love the sunshine and being outdoors but hate freezing my ass off. I'll take my chances on Bradenton Beach anytime.
    4
  25774. It's to early for that now I think , let them eat it , lol . It will be plenty of time to buy when they really drop , 12 to 24 months from now , cheers
    4
  25775. What does Lizzie think of Illinois?
    4
  25776.  @cherylmorelli3210  It’s my seventh time coming over😀 Can’t wait to go to Edwards Apple Orchard they will be opening this Friday for the season. State Fair sounds fun!😜
    4
  25777. I'm sure those corporate investors will take care of that extra inventory for us now that rates are up.
    4
  25778. Congrats on the 100k subscriber award. We appreciate your insight and your videos. Keep getting after it!
    4
  25779. I am glad you and your family are ok and I am sorry this happened overall. Very sad for the families and people that were affected.
    4
  25780. Really interesting content! I enjoy these videos a lot!
    4
  25781. Great video, Michael. You are spot on about the millennials having to accept the fact that the new starter home prices are so much higher than they used to be, and may not be coming back down, at least any time soon, UNLESS you decide to buy in an area that you wouldn't normally consider. I hope they get a real chance to buy something. It's just not fair!
    4
  25782. Wow!! Prayers up🙏🏽🙏🏽
    4
  25783. Seems like they are A LOT of steps
    4
  25784. Bank of America is the worst!
    4
  25785. 🌟 Happy Birthday, Michael! 🌟 Nice video. I am marking my Google map of the nice places you mention for future visits to FL..... 6:28. I liked how the sun was setting on your sunglasses. Cool! 😎
    4
  25786. Thanks again Michael for sharing another excellent review, Best Regards to both of you.
    4
  25787. Speaking of reserves, my condo development in Boca Raton where I owned from 2009 to 2016, had no reserves. The condo association was constantly at odds with many owners, and nobody trusted them with their money. So reserved were always voted down. In the seven years I was there they did sone concrete remediation to the exterior of the two buildings and to the separate two-level parking structure, and repainted all three structures. For my one bedroom unit, the assessment was about $2500. No big deal. But after I sold in 2016, inspections showed the roofs needed repair, the six elevators were beyond their service life, part of the seawalls was falling into the intracoastal waterway, and a long list of other issues had been delayed and delayed over the years. The first assessment, in the spring of 2017, was $10,000. That was the amount the owners of the one bedroom units were assessed. Larger two and three bedroom units were assessed higher amounts, as the assessment amounts are based on unit size, which is appropriate. Be aware of that fact when buying; my recommendation is always to buy the minimum you need, unless you’re clearly in a buyer’s market at the beginning of an uptrend, which we are clearly not these days. In the last five years at Porta Bella, where I still have friends and where my brother owned until recently, I was kept up to date on the progress of all the many repairs mentioned above and more that cropped up. Two more assessments, at $20k and $25k have been imposed. With the earlier $10k assessment and the $2500 assessment from when I lived there, we’re talking $57.5k of assessments against the 850 sqft (plus 150 sqft balcony) one bedroom units. The three bedroom units are twice that size, so their total assessments over the years would have been twice as much. The reserves still aren’t funded and there’s been disruptive work going on for years. Be very careful buying a condo in an aging building on the [salt] water. Much depends on the condo association/management.
    4
  25788. Oh you have charming wife, it's nice to see you guys walking together 👍👍
    4
  25789. The car appointment forced a time slot in your day that you resigned to set aside, and that gave you time without expectations. That’s the best kind of time there is. I used to do the same thing; I’d drop my Acura off at the dealer in Delray Beach and then walk through the neighborhoods behind that section of town and ultimately across an Intracoastal bridge to hang at the beach for a spell until I’d get a text my car was ready. I wasn’t waiting with bated breath for those texts. It was a nice distraction from my normal spaces, always with something to discover and photograph.
    4
  25790. By the time you finish school you should plan for retirement you need 40-50 years to get everything in order and save 70 percent of your income
    4
  25791. @Michael Bordenaro - great video and follow up. So what’s your opinion about the foreign investors? I’m surprised to hear that Florida holds the large majority, since I thought California would surely top the list… I also live in Orange County, CA and can attest to large majority of property being owned by foreign investors. However I understand “capitalism”. Can anyone explain what the benefits would be for foreign investors? It seems like certain hot spots with an overwhelming majority being foreign investors can unbalance the playing field and make home ownership much more difficult. Can anyone explain?
    4
  25792. Id love to see a video on living in key biscayne
    4
  25793. This was so helpful, and compassionate! I'm glad I found your channel.
    4
  25794. I’m making a drink.
    4
  25795. Preeeeaaach, Michael! Nice to find a like minded realist
    4
  25796. Great discussion, Michael. There are some beautiful places in Miami. The Falcon Fire Golf Resort in Kissimmee is a nice place too there in Florida. I was at a Tech conference in Orlando in 1999 and our company played golf there.
    4
  25797. If that digital currency is ever implemented, it probably will be done over a certain amount of time, as boomers and older adults will be less knowledgeable about it and more resistant to it than younger people
    4
  25798. Just a great video Michael, plus you look and sound like a really nice guy! All the best.
    4
  25799. What advice would you give when looking for good tenants? Should we use a certain website or group? Thanks
    4
  25800. Money money and money. If it dries up?? (Jobs). Demand will tank. I'm tired of hearing this isn't like 08. No it isn't, duh it isn't. Its a tired trope. That bubble was a price and supply crash caused by bad lending. This one is an exposure to demand and price caused by the Fed. What gets me is that the Fed and the government has almost guaranteed for a decade, they'd prevent a crash to housing, thus creating this euphoria from investors. The constant bail outs, low rates, and other manipulation wrecked havoc on risk. Nothing is risk free, but all this money that got poured into it, became a monster and the Fed knows it. This isn't like 08, but that means squat, when the fundamentals simply shifted. I don't know if it'll crash (like it should). Because I've been so jaded by how the government constantly bails this out.
    4
  25801. Congrats on 1,000 subs! Couldn’t ask for a better birthday present. Very inspiring. You’re videos are great. Keep it up brother 👍
    4
  25802. Goodness how much does that apartment cost? I know it’s not cheap! Also, is this your specific life as a realtor or any realtor’s life in general? I want to become one some day and I definitely am someone allergic to busywork all the time so 😂.
    4
  25803. If I were you I would check out St. Pete. They have a pretty happening downtown area, plus they have busses and the Jolley Trolley runs along the coast from St. Pete beach to Tarpon springs. Another nice area with a lot within walking distance is the Hyde Park neighborhood in Tampa.
    4
  25804. Hi Michael. A Wholefoods is coming to Viera, Brevard Co. I worked for them, so I know this means the area is hot! I will bet a Apple Store is next. That’s my tip.
    4
  25805. Such great info, Michael! Funny to hear you say “now for some E more normal prices,” snd they are still high, because I do the very same thing here in San Diego. I see houses that are 800,000.00 or less snd think, “Ah ha…a deal!” Then I think, “That is still insane for a house that normally would be a lot less! It is the “new norm” though. I mark houses too, to see if they will sit on the market and continue to drop in price.
    4
  25806. going to school in florida!
    4
  25807. Why would anyone risk buying a condo in any building unless you are rich I wouldn’t.
    4
  25808. "Lock in effect" = simply being Stuck with our current house basically. HOPEFULLY those who bought a house in the last couple years that you are happy with your house for a LONG time... WELL guess what? I'm one of those who bought a house. BUT..... At least I am straight out happy with our home. Just love my area! I DONT WANT TO MOVE! And at 3% Let's hope I will not have to move for a long time!
    4
  25809. Doom and gloom? Music to my ears
    4
  25810. How can europeans make Florida their home if they only have visitor visas? Many of us from Europe dream of spending our lives in the Florida warmth but applying the permanent visas is very hard
    4
  25811.  @MichaelBordenaro  hey thanks for responding Michael and always enjoy your videos. Yes I used to have a restaurant in downtown Delray 20 years ago and one in Boca before that. I am on a modest income of retirement with two of us in the household and we are able to live fine without being remotely wealthy. We have been very lucky in real estate down here, we doubled and tripled our investments on four properties over 20 years, which is kind of unheard of in most cities. One thing I think is exaggerated is the bug issue down here. As I said I've been here 30 years and we've had a minimum of palmetto bugs and other bugs in our homes and in the year we've been in this condo, we've had exactly one palmetto bug and a couple of ants. There are iguanas right out back that we see from our second floor enclosed porch but even though I know they are supposedly hazardous to the environment, we love looking at them, as well as all the tropical birds. Paradise in a very affordable price. P. S. Yes hurricanes suck, I've been through two pretty bad ones and it is not fun! But we have good hurricane windows and you just hope for the best.
    4
  25812. I love your comment in regards to critical thinking. Kind of comes under the common sense category too.
    4
  25813. Thanks for the information. Very valid points made in this video.
    4
  25814. Thanks is very informational I'm moving to Florida hopefully this year and my family do not want me to move especially my children but I'm out of here and I'm in Michigan. How old are you.
    4
  25815. Excellent vid Michael! And I totally agree with you on the student loan debt thing as well!
    4
  25816. The house in Torrance wasn’t priced to sell. It’s corporate investors buying all available housing to turn us into a nation of renters.
    4
  25817. Used to fish there in my younger days with my Dad and Brother-In-Law.
    4
  25818. Bring on the beach videos!👍
    4
  25819. Michael, I like that cute dog.
    4
  25820. This is the same thing happening at Grande Oasis in Tampa. I’m not sure if the take over was completed, but there were several hold outs not willing to sell. Can this same take over by developers happen in a single family home development? Can they actually take over a community of single family homes and make them all rentals and force everyone to sell?
    4
  25821. You should try boomers park in boca Raton
    4
  25822. Please continue showing specific properties... That's one of my favorite parts of your walks...😊
    4
  25823. Always great videos and info brother , but crazy prices lol , with 240k here in palm coast fl only 15 min from beach, also 30 min south I'm in daytona beach or 30 min north I'm in St Augustine you can get a 2000 sqft 3 bed 2 bath 2 car garage living room, dining room , separate kitchen and lanai house with a pool in a pristine neighboorhood like key biscayne , and with house ins , taxes and mortgage you pay $907 dollars per month in mortgage , and no hoa,s fees , so I just keep visiting south beach ones per year , lol , keep videos up always good info to compare , cheers
    4
  25824. Home values are declining nationally
    4
  25825. But I will have a job already when I move down there.
    4
  25826. I was told that Florida has no state income tax. Is that true??
    4
  25827. Hey man thanks for the video. Like I told you before, I love st augustine and would love to live there but the houses are so expensive... and sometimes it means you have to live further inland st augustine. Still on the search though, and palm coast seems good for the prices but I want to be near everything that's happening
    4
  25828. It’s not capitalism in the us… its capitaism for avg investors. Bailouts for too big to fail companies and banks. They wouldnt be able to buy all the properties with out bailouts. Bailouts need to stop it will nirmalize al markets
    4
  25829. How do you check if a property is behind on taxes?
    4
  25830. Thank you for these informative videos, Michael.
    4
  25831.  @MichaelBordenaro I have never seen so many tornadoes that are not Hurricane related in the FL panhandle. 😨 Still shocked so many houses are selling in flood zones too. In fact, buyers don't seem to care; the houses in flood zones or over 20 years old sell just as high as newer houses (and those are cheaply built with no frills). Buyers don't care if there are storm safe windows or shutters either, because they've never been through the devastation from hurricanes. I assume investors don't care about damages since they can write it all off of their taxes as a business loss, but they are affecting so many peoples's lives by continuing to buy up houses as the stock market has lower returns. 😐 The times they are a changing ... I don't see this situation improving any time soon; unfortunately it will probably take a major hurricane wiping out neighborhoods to slow the thousands of migrants pouring into Florida daily. There is a reason housing had been cheaper in NW FL, you have to account for loss of material items, evacuating expenses & replacement costs. Everyone has always been welcome, but if the tourist industry is affected by lack of service workers (they can't afford housing, etc), Florida could be forced to add a state income tax. I certainly don't advocate that, but the tourist industry supports the majority of our economy. East coasters may not intend to, but they may be bringing their state problems with them when they move here vs having a vacation home. More people, higher costs that the tourist tax has paid for in the past. Also, single family homes becoming owned by so many investors and run as a business can bring legislative changes as well for compensation since they are not paying any tax on long term rental income. IT'S A MESS!!! 😕🌴
    4
  25832. I like the second pair (Body Glove) the best. They fit the Miami vibe! I also like the yellow tint!
    4
  25833. Cheaper rent another nail in the coffin for the housing market
    4
  25834. I live in Colorado. $300k - $400k for a home seems like a typo. What a great deal. $600k buys you a dump in Colorado. I hope to be in Florida soon
    4
  25835. I like the house it's nice and it's in a nice neighborhood it cost 579,900 to me it's a lot of money i seen houses bigger than that house that cost less than 500k
    4
  25836. Gen Z probably saw growth in their 401k Because they're account balances are so small, So the weekly contributions over the last couple years were enough to make the account grow. That's not going to happen if you have 500 grand in your 401K and the market has dropped 20%. Your contributions can't make up for that
    4
  25837. I always wander what people, who moved away since the pandemic "began", will do when called back to the office? Did you quit your jobs or moved back to where you came from to continue to work that hybrid schedule? Or go to work in another new job closer to your new home (maybe for leas money)? Especially if you were promised permanent WFH that prompted the decision to move? Sometimes in lieu of "sacking" up with several people in an apartment or condo unit is why people moved away. Move to a bigger house to "sack" up in instead. Inflation also makes the case as to why WFH more than to commute especially if you already live far away and super commute 2.5hr one way before the pandemic.
    4
  25838. I just spent a week in Panama City and I must've seen 20 trucks like that. The beaches were insanely nice however I had never been to the beach before so I have nothing for a comparison. We def dont have beaches like that in Colorado
    4
  25839. Thank you again for another informative video
    4
  25840. Glad to see that someone is pointing out monthly property tax obligations!
    4
  25841. It's true that the real estate market can experience fluctuations, and there may be periods when it's not an ideal time to sell. However, it's important to note that the real estate industry encompasses a wide range of participants, including homeowners, buyers, sellers, and professionals such as agents and brokers. While some individuals may face challenges in making house payments initially, if they have qualified for a mortgage and have a stable financial situation, they have a higher likelihood of being able to meet their obligations over time. Real estate is generally considered a long-term investment, and many people find value and benefits in homeownership as they build equity and establish a stable living situation.
    4
  25842. Thanks for the video! Wow! How does it compare to Chicago traffic?
    4
  25843. Prices down 6%? Those are rookie numbers! We can do better!
    4
  25844. You should go to Encinitas, it's nuts there.
    4
  25845. Completely agree
    4
  25846. Michael, that is a very good point about using the extra funds to make other investments when choosing to rent. Thanks for all the insight; it's certainly a rapidly changing market.
    4
  25847. I'm saving my money to move from Philly to Miami. Since you have a guitar in the background, would you have any suggestions on where to learn scales?
    4
  25848. You are the first commentator to discuss this reality. Great work… everyone should think about this…
    4
  25849. Another question/suggestion Michael. As you know we are moving to FL from CA in the New Year. We really want to buy eventually, but need to get to FL and look around to see which area we want to finally settle in. We want to rent first, but do not really want to commit to a whole year's lease. Could you do a video or a segment on the availability (if any) of rentals - unfurnished - with month to month options, or three month or six month leases? I think there may be others who are wondering about this too. I have tried to find out on the Internet but not really finding any info at all. Thanks, and thanks for the info on the cicadas, lol.
    4
  25850. Also if Mike doesnt mind, there is a channel called Haulover Boats which broadcasts from the inlet everyday and is live sometimes. Im actually surprised they werent there in this video filming
    4
  25851. I recently reviewed several foreclosures in a nice area of Indianapolis IN and they have a couple of great properties that are selling for less than they sold for brand new $/ft. Yes Austin City Limits is crashing and it’s still inflated from what it was in 2018-2019.
    4
  25852. The time I will sell is when the market is totally in the toilet. That way the place I buy will be at a rock bottom price and will mean lower taxes for me.
    4
  25853. Thanks for sharing your trip...
    4
  25854.  @MichaelBordenaro It is nice that you shared your trip. Thank you again.
    4
  25855. Keep showing those crazy houses.
    4
  25856. Home prices need to drop to be affordable but they probably wont. if you look at historical data the last time something like this happed was in the early 80s after the inflation of the 70s that saw homes appreciate over 100%. to tame inflation they raised interest rates to 16%. buyers left the market like today yet home prices still continued to appreciate. i doubt we see any significant reduction and waiting may hurt people. The fed should never have lowered interest rates like they did while provider buckets of free money. thats what got us into this mess. this is the fallout from bad policies.
    4
  25857. Michael, I live in Oklahoma. You are correct, you can buy a nice home here, but once you get into the market, your home doesn't appreciate like it does across the nation. That said, you fall behind other equitable markets and it's more difficult to move elsewhere. You can buy new construction homes, 4,000 sq ft for 500K. There are also many lakes that are affordable to build on, which have beautiful sunrise or sunset views. As far as living here, it's easy. Taxes are low. I'm originally from NY and travel a lot. The worst part of living here is NO BEACH. Lakes are nice, but I still need to get my saltwater fix a few times a year. It's also hotter than Hell here in the summer.
    4
  25858. Great video. Great data! You are so right about the 'experts'. Looks awesome in Miami btw!
    4
  25859. Financing will almost always yield better returns. But, if you have multiple properties, I suggest get half of them paid off quickly, just in case of a market downturn and you won't have to sell them simply because you can't afford tenants don't pay. Always remember, leverage gives your better return AND more risks.
    4
  25860. Hi . Thank you for information. I like to move to florida but do i have to buy a car? How is the florida transportation ?Can i take a bus or subway.
    4
  25861. I like seeing the hoods
    4
  25862. Proves to you we're not fair weather fans sir
    4
  25863. I lived in OH for the first 30 yrs of my life. I would say that the most desireable (job opportunities, culture) areas in the state will be in the Columbus suburbs & those home prices will not be very affordable. The rest of the state is what is making the statewide median low. Lot of rust belt problems & yeah there is state income tax 2.7-3.9% and often also local income tax also. So I would recommend that people really do their homework in depth before jumping in.
    4
  25864. Foreclosure activity should pick up which will lead to increased inventory. That particular inventory is held by motivated sellers. That needs to be factored into anyone's prediction for future outlook. Cash buyers will likely predominate at lowered price since the higher rates will exclude those needing financing
    4
  25865. I’m from Christchurch, New Zealand we didn’t have a property crash in 2008 just kicked the can until now. WE ARE SCREWED!!!
    4
  25866. Well, as a medical student, I'll be happy to move elsewhere, as long as I get a residency in my field of interest. But I'd prefer some warm place. Don't know much about the Illinois climate, but in my country, it also gets chilly during the winter.
    4
  25867. You are definitely doing an excellent job with your channel 👏
    4
  25868.  @MichaelBordenaro  Yes, the one time i visited Florida was when i was 8 to go to disney, i remember it was hot as hell but honestly its much better than snow from october to june!
    4
  25869. Excellent content, well done sir!
    4
  25870.  @MichaelBordenaro  Because the Fed Gov't has made this the norm by not enforcing the law, and tying the hands of the States. If we attempted to do a better job tracking Visa holders and enforced the laws when broken, there would likely be less people breaking that law. And the word gets around that the law will be enforced which discourages illegal behavior. (Think the "three strikes and you're out" law that was enacted in many states/municipalities decades ago.) Not trying to be harsh here, but we've seen what happens over the past couple of years when laws are not enforced. And we don't allow this behavior in every area of society. For example, when most bars close at the end of the night stragglers can't remain on the premise indefinitely or they will be removed. Sometimes forcibly. And yes, I did miss the sunglasses. :-)
    4
  25871. Hey Great video! Are you able make a video comparing South Florida vs Los Angeles?
    4
  25872. Another great video Michael. I live in Orange County, CA, and I agree with everything you say. June, July, August and September in CA and the rest of the year in FL. Wish I could find a way to do this myself! Don't move here, though, it is not the paradise it used to be....that is why we are moving away after 26 years......along with thousands of others each year. If you want to know why, just look at the comments people make on YouTube videos about moving out of California. They are all true!!!!!
    4
  25873.  @MichaelBordenaro  it is VERY sad. We came here from the UK 26 years ago and made Southern CA our home! It was paradise. Up until a few years ago we thought we'd be here forever...we had even bought graves!! Now, though, life has become impossible for all the reasons you have heard over and over. The standard of living is deteriorating rapidly while the cost of living is rising out of control. The only good thing left in Southern California is the sunshine and even those beautiful blue skies are getting less and less blue...... We are both seniors and we are being forced to start all over again...but it will be another grand adventure....so Florida - here we come! (Anyone want to buy two graves? lol...)
    4
  25874. Thank you! I think that one big con for me (if I ever buy a condo or a townhome) is the short term rental situation specially during holiday season. Too many parties. Too much noise. Where I live, this is a common occurrence. A pro: the space and you are kind of in between: close to neighbors but not too close. If you get enough requests, it would be nice to see what you think since you’re the expert. Thanks again.
    4
  25875. Great video! I agree with you. Have been looking into this for a while. Don’t forget though, that cash buyer could hold the mortgage for you. That’s better than renting for an investor. They could also give you a better rate. So if you know and have lost out on bids by a cash buyer, look them up. They might be willing to hold the mortgage for you and offer less. It might be worth it to the investor.
    4
  25876. I cannot take the heat and love 20 to 30 degree weather. Don't forget too much fun and your mind turns to shit. You will lose your edge.
    4
  25877. Those incentives are attractive to the uninformed. The game is fixed. It's called " how to get money out of your pockets and into mine"... The Commission is what counts to the Agents. Your future hardships....Not our problem.
    4
  25878. Banks learned from the 2008-2009 recession. The foreclosures cost the banks big time, they had to pay the property taxes, insurance, even hire 24 hour security guard to have someone on site. With all the homeless people and squatters would otherwise move in and cause unbelievable damages. The added cost for the bank to hire people to get them out, clean up and repair the damages would be tremendous. In many cases, it would be cheaper for the bank to let the mortgage delinquent home owners stay in the house without payments.
    4
  25879. I think it was Gorbachev who said, “a person sees himself most clearly when he travels”. Something like that. I guess you might gravitate to low cost cities if your income is 100% Youtube. I struggle with the economics of your choices as I have said before, but it sure makes the videos interesting :-)
    4
  25880. Love to hear your take on the NAR lawsuit.
    4
  25881. Michael, I agree Sanibel is ground zero. It looks like a nuclear bomb dropped there. They need to build the entire infrastructure over again before allowing people to return there to live. It's really tragic to see.
    4
  25882. Once again, another well informed straight forward video, good job!!!
    4
  25883. Dividend paying stocks is a solid retirement plan.
    4
  25884. Renting will be my way when I relocate to Florida to see what the future holds 👍🏻
    4
  25885.  @MichaelBordenaro  They still do no money down loans or are they walking in with cash?
    4
  25886. To be clear, a buyers market doesn't necessarily mean it's a good time to buy. It will be a buyers market in 2023, but.. It will be even more of a buyers market in 2024, and... Even more of a buyers market in 2025...... Real estate will fall for years. Why would we expect anything different? When real estate crashed in 2007/2008, it didn't bottom until 2012 and that was with ZIRP, mortgage rewrites, forbearance, institutional buyers, etc.
    4
  25887.  @MichaelBordenaro  It will all work out when it's suppose to, may have to wait awhile.
    4
  25888. So sick of this lawless Anti-American administration. God help us!
    4
  25889. America is turning into one big scamland, all thanks to the amazing lawyers and the politicians who are leading the way.
    4
  25890. When I was a custodian for our local school district I had to go help move furniture from the former high school to be moved to the new high school. The old building had only been closed for a yr but the inside looked like it was closed for 5. It was so sad to see the school I attended be that vandalized. It had to be demolished. Before covid they had plans to make a big park in the lot. Well, its been on hold because of covid. Hopefully the park gets built.
    4
  25891. I'm moving to El Paso from San Antonio with no job in January with only $7,000.Im nervous.
    4
  25892. Where do you need to go to get Real estate licence and how that job works can you please make a video of it? (how do you know what house will you sell, how do you make money of it, and many more)
    4
  25893. Here we go now!! Are you missing FL yet? 😂
    4
  25894. Great video, Michael! I notice that on Zillow all of the time! People buying a house a year (or less) ago, remodeling it, and trying to sell it for hundreds of thousands of dollars more. Greed!!!
    4
  25895. I won't get anything as well..nope take care of myself and learning so much thanks
    4
  25896. My home in Ocala has a 20 year old roof. I have never filed a claim. My $1600 per year policy was canceled. I ended up getting new insurance through Lloyds of London for $2100 per year.
    4
  25897. Always so informative! Thanks Michael💕
    4
  25898. I like the doom and gloom 😂. I listen everyday for the doom horror series
    4
  25899. Cool 😎 shades!
    4
  25900. Sold my house and got a worst house and higher interest rate.Stay put people don't sell.
    4
  25901. Thanks for the info Michael. I want to move to Fl may be the end or early next year. The insurance is the scariest thing for me to make the final decision.
    4
  25902. You are good at explaining things to novice people like myself. You’re a good teacher. I see with my own eyes the housing prices here on Long Island , my adult children can’t afford to move out or buy homes. I have friends that snowbird in Florida and regret buying their condo because of the increased in hoarding fees , insurance and other costs. So your headlines confirm what I see and hear from real people.
    4
  25903. And it’s going to get SO MUCH WORSE 😢 GET PREPARED NOT SCARED 😱. SO MANY PEOPLE WILL LOSE EVERYTHING.
    4
  25904. I LOVE Anna Marie Island but too expensive for me. I live in Delray Beach and work in Boynton Beach. I prefer Boynton Beach because there are a lot more restaurants. I used to live in Sarasota. I miss being there. I’m hoping to move to Bradenton which is a little more affordable. I prefer the Gulf over the Atlantic beaches but it could be that I feel that way because I don’t like Delray’s beach. Good luck...you’re gonna love Florida.
    4
  25905. His name is Michael and he brings you the apocalyptic news from a paradise
    4
  25906. Moving back in is a good way to maintain generational wealth for more average folks, nursing homes should be a bigger stigma
    4
  25907. Thanks for telling the stories.
    4
  25908. I am a contractor. Homes today are too large for diy repairand maintenance. In a large home even the garden, unless all you have is a lawn, you also need a crew to maintain it. Plus many of these homes also have a pool. So you do need a lot of money to maintain and keep a home in good condition. If you want to personalize your home then tens of thousands of dollars will beneeded for a renovation.
    4
  25909. Please tour the center of town in Mill Valley before you leave Marin County! It’s beautiful!
    4
  25910. thank you Mike great choice of houses, I also think older houses are better built, also I like that most of the houses are all painted white. makes for a cleaner looking house. thankyou
    4
  25911. Auto part manufacturers in Midwest all gave 20 % raises . Labor shortages forced them . I got 20% in April 2022. Still not keeping up w rising prices tho
    4
  25912. Solution...never get married or pre nup.
    4
  25913. Seeing the same exact thing in my market they are just setting for months only on. People trying to double money from 2021 purchases. I seen my credit card interest rate on my statement. 23 percent holy cow. I only use it for business travel and hadn't looked at the interest rate until you mentioned this. Thank goodness I don't have a balance.
    4
  25914. Good point. Be careful folks when times get hard things are full fledge desperate.
    4
  25915. St. Augustine was the site of my first Floruda vaction as a kid in the 59s. You probably know it claims to be the oldest continuously-inhabited city established by Europeans in the contiguous United States. It has a fascinating history, including being a Tory stronghold during the Revolutionary War. Thanks for another informative video with beautuful backgrounds. Enjoy your northern "snowbird" location.
    4
  25916. Homeless dont pay anything,believe me more and more people will start living on the streets,even those that have some money,simply because they are of giving all their money to the government.
    4
  25917. Yeah more goverment rules n laws and freedom takers. Signs signs everywhere signs do this don't do that can't you read the signs
    4
  25918.  @MichaelBordenaro  I did. I'm not having something put on me that I do not want to buy.
    4
  25919. Good job
    4
  25920. Thank you so much for this video! I’ll be moving to Miami without a car in a couple months. I’m definitely interested in this neighborhood, so quiet but close to everything. I might even check the Flamingo, I heard it had a bad reputation but it might be worth seeing.
    4
  25921. Hello Michael, Randall here. Another good topic; and, I agree with your analysis for the most part. Like you say, know your market. You are giving good advice obviously when you say to be careful, do your home work, and don't expect for us to be rescued. The little guys like us were never really rescued. Only the corporations. Wage earners like most of us are paying for the corporations and the folks living off of capital gains income. Those of us with the least to lose typically lose the most. That is one reason I like your channel. You are genuinely helping people. I figure since I'm getting good info from your content, others hopefully are taking away some of the same for their benefit also. So, for those of us that can diversify our income by branching out and becoming property owners, or landlords, or small business owners for the long haul, your videos are a good and positive and entertainment that I enjoy. Thank you for the insight for that we might have the chance for a more secure future. I'm not heavily into individual stocks, but like I said before, I feel when the market is down, some good things are on sale; therefore, it can be a good time to buy for the 401K or whatever. Same for the housing market. Be patient until the market is favorable for your own unique situation is what I'm taking away from you. Michael your content inspires me to improve my situation and keep my Florida dreams alive. Thank you. It is nice to see you back walking and giving us the Florida vibes from outside. You know I enjoy the walks. However, maybe get out more after it is cooler outside or the sun is less intense. It is called "the sunshine" state for good reason. I want you to stay well. Peace and Love Bro.
    4
  25922. New developments also affect and change flood zones. Something to keep in mind.
    4
  25923. Glad to see you’re doing well.
    4
  25924. …absolutely love the detail and the actual example you use 👌🏽
    4
  25925. SUNDAY GREETINGS MICHAEL 😃🌴
    4
  25926. There are a lot of neighborhoods like that in Georgia.
    4
  25927. the main reason why bitcoins popularity is its instant transfer and concealed transfer between parties without fed intervention. However CBDC offers the same instant transfer mechanism but involves the Fed, I was hoping that bitcoin does not get impacted by the economy however it behaved just like any other speculative asset. I have already taken all my bets off Bitcoin because of being speculative.
    4
  25928. man. i remember when i walk or ride bike thru coral gables. Homes were fairly priced 300-390k in beautiful areas. I dont even want to see prices now. That area must be at least 650k
    4
  25929.  @MichaelBordenaro  We are about 40 minutes from Asheville, NC and loving it!
    4
  25930. The black square frames at 2:50 fit your face shape well
    4
  25931. MIke, I enjoyed your video. In you opinion do you think Miami is an insulated market against the possibly dip in housing prices? We're looking for a condo now because rent is simply outrageous.
    4
  25932. This is a good thing..in the long term
    4
  25933. They need to look at college tuition reform instead of buyouts...lets look at the school administrations salaries
    4
  25934. No matter where you live, you always miss being on vacation and that's where you were, on vacation.
    4
  25935.  @MichaelBordenaro  the most difficult thing is to sustain in from 1 stream. Been laid off 4 times between 2016-2019. So biggest lesson I'm finally figuring out is to have multiple streams of income so that when 1 or 2 dry up, you don't die and succumb to desperate measures to get some cash flow. Biggest lesson I'm trying to help my kids learn as early as possible.
    4
  25936.  @MichaelBordenaro  cool. I look forward to it. We totally have to move into the direction of rental income, but I need to develop stronger streams first that keep us above the line before I can graduate into leveraging money to make money. There is slim job security if any. Its just as difficult to find clients as it is to find "secure" employment. The most easiest employment is the lowest paying, hardest grinding employment nobody wants, but comes with the most restrictions. The most secure employment comes to those that know how to consistently make it rain. EVERYONE needs "rainmaker$"
    4
  25937. This recession will last quite a while due to all sorts of issues around the world.
    4
  25938. That's really embarrassing for them. It almost seems like a scam.
    4
  25939. Did this same ride recently. Very pretty
    4
  25940. That's what I heard We will be moving our exterior repair business from up north down to Florida with a 5-star rating it sounds like I'm not going to have a problem
    4
  25941. I consider myself pretty fortunate. I developed type 1 diabetes as a child so what that means is I don't have to worry about funding a long retirement. My wife is also disabled and we never had children. So even though I don't have a large retirement we will be fine. Based on my projections I should have about $1.5 million and no debt of any kind by the time I'm actually able to retire. Silver linings folks...silver linings.
    4
  25942. 🏡🦈🏦
    4
  25943. Happy Birthday Man
    4
  25944. Last part just made me laugh so bad 😅😂
    4
  25945. I am in NJ. I took the NJ state real estate class and will sit for the state test next week. I have been taking the class and studying since May, it's been pretty tough, I hope I pass BUT my boyfriend and I just bought a house in Naples the other day SO looks like I will never be using the NJ license, Florida real estate class here I come... And incompetence in realtors is prevalent here in NJ too...I couldn't even get a call back about an apartment, finding an office space was impossible, the prices are so inflated the realtors have to lie to justify it all...fast forward to Florida, same sh*t. We were pre approved for 2.2 million and we couldn't get a realtor to call us back. The relator who ended up with the sale got us as a paid lead of Zillow, wasn't even remotely her listing. We 'over paid' but as you said it's TOTALLY subjective, we got all the property, privacy, pool and no HOA's so we are excited and we feel like we got a fair deal. I wanted to thank you for making these videos as it all helped encourage us to move to Florida. We feel it is the right fit for us.
    4
  25946.  @MichaelBordenaro  Thanx for the reply. Keep up the good work. Florida to me is the best state in the US. Stay safe and don't have to much fun. Hahahah
    4
  25947. My insurance was going up by almost $3k this year. After shopping I ended up with Citizens (state run insurer) and I am now paying several hundred less than I was before the planned increase so it saved me over $3k.
    4
  25948. I dont mind buying a home for the long term but everything in my area is so expensive something that i kind of like will make me house poor.
    4
  25949. I am never going to be able to retire. Currently on SS, still working and stuck in Florida. The bright side is the house is paid off and we live a minimal lifestyle. The not so bright side is the house insurance/food costs/gas/water/electricity rollercoaster.
    4
  25950. Your mum is shy and adorable. She did very good replying to the questions so we know you better. Good job.
    4
  25951. It's good to see you without sunglasses. But wear what is necessary to keep that sun out of your eyes. Ugh I hate traffic as well. I know how you feel. Good news to hear rents are going down. That park looks really nice.
    4
  25952. "41% All Cash." My friend sold her house all cash to a guy who wanted a quick sale. Her house was in very good shape. The guy rented it out and then told out a mortgage. Then he bought another house all cash...
    4
  25953. Holy crap that’s California prices
    4
  25954. Do you think either they will wait to stop buying the fed backed mortgages until the fall when people stop buying normally and blame it on the off season or after the elections?
    4
  25955. Things are Bad Restaurants, Banks, Fast food I don't eat out anymore or stores.
    4
  25956. Yeah I never considered that - nobody who is stuck will be able to refinance so those homes are definitely gonna come up on the market
    4
  25957. Not only a house crash will happen , but a huge ressession will hit super bad , very true
    4
  25958. Yeah I rented 25 yrs ago and it made sense back then
    4
  25959. The Villages are actually where the homes are and you can certainly just go in and see the homes. There are LOTS of villages and they are constantly building more. It's gated but its all open to the public...except for some of the pools and stuff. Remember, they'd love to sell you a house... Just go into the visitor lane and not the resident lane as that uses a key card. The visitor lane just takes a photo of your license plate for security reasons. The gate will go up automatically.
    4
  25960. Credit score for insurance purposes is more about your risk of having a loss. If you are reckless with your credit, you are more likely to be reckless with your car.
    4
  25961. They cannot print more Fiat money. The FED is over.
    4
  25962. That’s what I’ve done with each time I got a raise in last 10 years. I put the raise into increasing my 401k contribution.
    4
  25963. Traci, cool... my husband and I are going to do the same in May. Tampa to Naples, but open to any parts of Florida really. Have to be close to a larger airport for work. I'm hoping we really fall in love with an area and make the move in about 10 months.
    4
  25964. I'm doing this exact same thing right now. Currently in Orlando
    4
  25965. You have a good approach. You tell people why they should not move to Florida. You got attention of the local TV station. They would not talk to you if you were telling people to move to Florida. That is what a quarter of a million agents in Florida are telling their.clients. You may use me as an example to tell people why they should not move to Florida. I can not stand the summer heat in Florida. I can not stand the heat in the car parked in the sunlight after leaving a restaurant. I can not stand the heat in the garage in the summer. I can not stand the burning sunlight. I can not stand the tropical storms and hurricanes. I can not stand the bugs, mosquitoes, alligators and snakes. I can not stand the local culture, where people manipulate each other to survive. I can not stand when people try to impose their religious believes on others. I can not stand driving long distance everyday, and driving in traffic. I can not stand the violence, shootings and crime in Florida. I can not get used to the live style in Florida. I had a life style too good, for too long to get used to the Florida lifestyle. I just can not stand it. I can go to Florida for a holiday vacations in the winter. I would not go to Florida for the summer vacations, there are better places.
    4
  25966. And of course it is hot again today, I had my air conditioner off for two days now it is back on., The heat never wants to leave!
    4
  25967. @3:08 Haha that's right @13:39 The hidden gem had something wrong with it. Seller wanted cash only! But I changed their mind.
    4
  25968. So what percentage of the homes sold in this housing market were bought by investors? The housing market will eventually crash but how about the rents? Everyone thinks it’s different this time but when the real estate market crashes it will be the same as any other time. Downsizing was the name of the game this time. Selling your home at a high price and trying to buy a smaller place paying it in cash with what you had left over. A crash is bad bad bad. It comes every number of years.
    4
  25969. Question is how to pass the time. I like card games, board games like scrabble, but others in household or visiting become unpleasant without their devices, online! The day after the hurricane is no pollution,air so clean!
    4
  25970. Something you miss Michael about interest rates. Yellen right now can't raise interest rates. The interest on the country's debt is as low as can be and if they raise rates we will not be able to make those interest payments and go bankrupt. Right now we pay around 500 BB on interest, imagine the math if rates have to go up 500 bsps at a minimum. The US doesn't have the receivables from this economy to make that type of interest payment. We're screwed.
    4
  25971. Our near 100 year old home is up 71000 from last year, we'd sell but would get hosed on taxes. Got wait at least another year hope it holds with improvements and fair appraisal
    4
  25972.  @MichaelBordenaro  she wanted me to tell you thank you from her as well. She thanked me and I said you're thanking the wrong person. Thank that guy I watch on YouTube Michael border something 🤣
    4
  25973. 🥇
    4
  25974. Yeah I'm just going to rent a small apartment because that makes sense because of the housing prices
    4
  25975. You're right Michael, all these houses are really nice for the money, but I'm with you on that house that you like, new construction for the money, you can't beat it.
    4
  25976. I watch all you’re video’s Michael . I’m working myself now and will have to watch this later . Looks to me the housing market is a recipe for disaster. Rising interest rates , coupled with hyper inflation , rising taxes and an abundance of homes on the market soon that people won’t be able to sell or rent out . Heaven help us all .
    4
  25977. the scariest thing about buying an hoa home or a condo is that the board has the legal power to foreclose your house even if your house is paid off free and clear, and up to date with taxes, that is way to scary to give people that power
    4
  25978. Hey Mike love your videos. I looking to retire to Florida in a year or two. I’m looking for a 55 and over CONDO with the spa life. Any suggestions? It would be greatly appreciated! I want the beach near by.
    4
  25979. Businesses like me will stop financing equipment which means less expansion if any....one more rule that people should follow....if the bank doesn't want to give you a loan, it os time to change plans and start saving for the coming opportunities and get your house in order....
    4
  25980. I agree with you about Spring Breakers... I avoid going to the beach until they are all gone. It is just not worth the chance or enjoyable when the Spring Breakers are out there causing trouble!!!
    4
  25981. First off I love your videos. However, a Bi-monthly payment program will reduce your interest payments significantly. Also You showcase $190, 000 difference between rent and cost to own. Maybe I'm dense but if you owned you would end up with the asset at the end of the term and could sell. By my calculations your would have only spent 300K to own after sell with 30 year amortization. But again, I would bi-monthly which I do. Pay a 30 year off in 10 years. Keep up your hard work. Thanks for what you do.
    4
  25982. That is one thing I learned over the years is to protect your home equity as much as possible.
    4
  25983. You also say save money in the next ten years to purchase a home . That same home is also increasing in price in the same ten years. 🤷🏽‍♂️
    4
  25984. This time it is different. It’s worse!
    4
  25985. Unless it’s a holiday it’s not that crowed always find a place to sit
    4
  25986. 1
    4
  25987. Interesting info! Appreciate it❤
    4
  25988. no way 76%! wow that's crazy man
    4
  25989. working like an addict to be able to afford a house, im waiting it out i think but thats where i am
    4
  25990. Unless we get a massive spike in unemployment, i dont think this will be like 2008. If anything i believe itll be a stagflation meatgrinder like the 70's but worse
    4
  25991. The free subsidized government money for corporation is over. .so now they have to let them go
    4
  25992. The convertible covers up that nice engine holds in heat is there a manual lever to pull if the motor goes out on the top so you can put it up or down.For the little more amount of air you are going to get I would stick with the small removable top use the extra money for the Z51 pkg and less weight.
    4
  25993. As far as I understand mortgage refinancing counts towards the total mortgage origination number. Now with rates on the rise it's perhaps not surprising that refinancing is in a hole, which would contribute to the overall fall of mortgage origination. Can you confirm is this is right, Michael?
    4
  25994. Just watched my neighbors car get repo’d
    4
  25995. The Santa Cruz law is disappointing to me personally. My husband and I have been looking at getting our retirement home for several years now, but we won’t be moving in immediately. That area is our second home since all our family is there. It makes sense to get the home now for tax purposes, and because we’ve spent a lot on rentals during visits for many years. As someone who’s been homesick for almost twenty five years, getting this home will make me feel like I’m home again. Rentals will never have the same feel. However, we plan on renting the house out for short term rentals to offset some of the maintenance costs/ taxes of owning the home. I don’t know if that will be enough for the county to consider it occupied, but we’re not getting it to make a huge profit, but for our family. This would make this even less affordable for us, but if we wait twenty years, we might not be able to get the house at all.
    4
  25996. Great Vid
    4
  25997. Sounds like an excellent way to ENSURE people will own nothing, and eat zee bugs! Wait til we get to the part where insurance won't write policies for ICE cars or homes with gas stoves! Insurance = The Mob.
    4
  25998. Great video! I just watched the documentary you mentioned and it was terrifyingly eye opening. I agree, California is the warning sign that we need to change our ways. It's a shame to see our beautiful planet being destroyed by overpopulation and climate change.
    4
  25999. I took a good long look at the charts. It actually will hurt the investment buyer, rental home buyer and flippers the most (actually a lot!). This will help the average home buyer stand a better chance to get a home instead of the people with lots of money buying up all the affordable homes. Also, there were fees already associated with loans, and these rates only go up a little in most cases, unless you are a second home buyer or investor. Then, it really hurts! Which, as I said, helps the average home buyer get a home. So, don't get too angry, unil you research it to find where you fall into the rates.
    4
  26000. You might consider addressing housing for a more wealthy group of people beyond kids starting out living in Miami. The places you are showing are more for my kids to consider and not potential retirees. I am likely the age of your parents and planning a move to Florida. I had been more interested in Naples but also like the Miami area but finding an area to consider in Miami has been difficult. BTW my wife if from Rockford, and we stop at the belvidere interstate stop (I90) from Madison to Chicago on weekend trip to Chicago. Great job on the move.
    4
  26001. I like that little area of Bay Road. I would like the quiet of that area!
    4
  26002. What do you think of the Porsche design tower?
    4
  26003. Good to see Nick back 👍
    4
  26004. You've come a long way Michael ...I loved this video ...made me laugh
    4
  26005. Bank of America has been fined over 90 BILLION dollars for varius violations.... Some folks bought shiny relics back in 1995 and kept at it, slowly. So....no worries about fiat currency other than the inevitable inflation. No mortgage belps.
    4
  26006. 1st!
    4
  26007. 3 kids at Universal was stressful. When we went on an all inclusive it was the best week ever for everyone. Love your videos Michael. I wouldn’t want to leave my Florida routine either.
    4
  26008. That's all true Michael. I'm not doing it right now. Took a break. After having moderate success in my Queens neighborhood, the last year was awful. True..you always have to be selling 24..7. Networking and getting listings is the name of the game. Then on top of it all you have to pay taxes and all the SS tax with a 1099, and many expenses to advertise, gas and mailers. Also fees for NAR. .MLS. And like you said, there is very little loyalty. So I'm in limbo now and when I move down don't think I'll peruse a Florida RE license.
    4
  26009. My morrgage broker talked me out of buying a condo and to buy a housem best decision of my life
    4
  26010. Awesome!👍🏼
    4
  26011. We need to go back to 2019 prices. A house I was just looking at yesterday on Zillow was nearly twice the price as it was in 2019. That's in no way fair.
    4
  26012. Michael look like he could be a cool WWE wrestler . If anybody walk up on him he would hit them with the Shawn Michaels Superkick.
    4
  26013.  @MichaelBordenaro  well 60 in Florida winters maybe, how’s Florida healthcare/quality Florida hospital care given? All houses are built out of stone right? I don’t wanna get a house made out of wood with my roof getting blown away in a hurricane...I probably have to rent in an area before buying there over 5 years to see how well the houses hold up in a CAT 5 hurricane.
    4
  26014. Where I work we are starting to see big layoffs
    4
  26015. Looks like Floridians don't stop at stop signs either😊
    4
  26016. I'm out here in Seattle but the concepts you generally touch on apply everywhere. Thanks for your efforts!
    4
  26017. No crash here in St. Louis mo. Walked into an open house on Sunday for a house listed at 205k. “Hi, welcome! We’re at 285k, feel free to look around! 😀” we were like uh..okay..
    4
  26018. You walked past my brothers house, lol, love that area
    4
  26019. A lot of business say they are hiring, but never hire
    4
  26020. hey partner, thanks for the tips. I actually have Rich Dad Poor Dad as my next book to read. I'll check out your youtube video recommendations as well. I also recently joined a local REIA to be around and learn from the people I want to be like. good timing on this video, thumbs up. Oh and I am interested to see how your plunge into investing in the stock market goes.
    4
  26021. I lived in Key largo for 10 years, still own that home as well. It still has that old south Florida feel but even there Mc Box Mansions are creeping in. Compared to a septic tank like Miami, the midwest has in my opinion better conditions and the ones who are not fat tent to be better looking people than Miami as well!
    4
  26022. I really appreciate this particular video. I decided to try to buy a low priced house because I sold in 2019, cannot multiple bid, got sick and gave up. I really need a house and it’s in a vacation spot but I haven’t seen it in person.
    4
  26023. When you think about how high the maintenance is for the owner...renting for 1500 a month is great !!!
    4
  26024. I’m wondering where up north are you thinking of moving too? Btw, I’ve never commented on your videos before but I do sometimes watch your videos. I own three property’s in Florida but I live in NYC, fyi.
    4
  26025. great info - thx
    4
  26026. career hairstylists typically make the same, regardless of their location. price of materials, color, etc cost the same regardless of state. the level of skill and experience also factor in regardless of location. for example, im a self employed hairstylist and I charge by time. my time doesn't become worth less just because im in a different state. :)
    4
  26027. very good video Michael, if you move from overseas you might need more :) how is the situation with covid? Are the hotels still open and do they have business ?
    4
  26028. Mike Rowe makes a very good point. What about the guys who forgo a college education to start a construction business (or whatever type of business). And they have to take out a 70K loan to buy a pick-up truck for that business. Why is that truck loan not forgiven? What is the difference between a degree and that business asset? Both are tools for making a living. Why is one forgiven and the other is not? (I'm being rhetorical. Of course, I already know what the answer is. But the question needs to be asked anyway.)
    4
  26029. Hi Michael, I am investing in Bitcoin too, where are you getting your bitcoin education from, Also what company or brokers are you using for gold and where are you getting your education for Gold investing... sorry for all the questions... just trying to learn as much as I can before getting involved... please let me know if it’s possible, thank you.
    4
  26030. I've driven to Florida 3 times from Massachusetts to visit family. It's a good time to do, even though you're stuck in a car, and spending money on gas several times, but I enjoy it.
    4
  26031. This will be the case for the majority of condos on the East Coast. Florida is no longer affordable. Can’t get insurance without getting ripped off.
    4
  26032. Good video. I would say though the car expenses are probably higher depending on how many/what type you own, etc.
    4
  26033. Funny story... Growing up, our neighbor built a brick wall w pillars onto our property driveway. My Dad was the Best autobody repairman in Boston, so he would constantly knock the pillar off the wall w our car. We used to laugh like crazy !!! 😃😁😃😁😃
    4
  26034. Thanks for sharing.... However, not my idea of "Entertainment".... LOL!!!
    4
  26035. I've been invested in the stock market through funds and indexes since the 1980s. I make a point of ignoring the scare talk.
    4
  26036. Great content but I blame you and other youtubers who do not own these vehicles and don't have your facts straight. The fact is this information may be partially correct on NON Teslas I have put hundreds of thousands of miles cost me 50$ month to charge at home and drive 2k miles a month. Tesla batteries will last well over 200k and many have over 400k. I replace tires and wipervfluid. Never see a dealer. Moral of my story if you buy an EV buy a Tesla not a Brand that was pressured to build an ev by the govt.
    4
  26037. Thanks Michael.
    4
  26038. How about property tax? What’s the percentage In south Florida? And what are the hidden expenses owning a house or a rental property? That’s probably differ froM the northeastern states? Thanks
    4
  26039. The new way is put everything on the credit card and everything that your parents need everything that you wanted to buy but everything on the credit card and then file bankruptcy. because you'll be living in your parents house
    4
  26040. I wonder if billionaire Dan Gilbert, the owner of Rocket Mortgage had a 1% down on his multi million dollar oceanfront mansion in Palm Beach FL?
    4
  26041. Can u immaigrate with family from czech republic to florida and do we need visa? and is it safe ?and do they accept immigrants even now?
    4
  26042. Enjoyed this video! Just getting back from Florida it's dropping down to 36 😁 Just the other day I was chillin on the hotel balcony late night with just a pair of shorts on in 80 degree weather. The winter hasn't even started yet too. This is one of the many reasons why us up north folks love it down there 👍🏻
    4
  26043. I live in Michigan and agree that activity ramps up in the spring, however I have both sold and purchased a home or two in December. I don't pay much attention to the calendar!
    4
  26044. having home equity is part of the wealth effect.
    4
  26045. all of those three are hitting right now. if the fed stops raising rates and reverses course with the money spigot, we will still have inflation but may keep housing from having a 2008 rout.
    4
  26046. Bidenomics
    4
  26047. I live here. It is a boring town and you are 100 miles away from any major events or concert venue. It also has outgrown all the roads.
    4
  26048. Had no idea student loans were still being deferred. Unreal. No wonder people are still spending at 2021 levels.
    4
  26049. Thanks for the video brother mike
    4
  26050. Housing prices are where they would be if houses appreciated at 5% annually and the housing bubble never popped from 2008-2012
    4
  26051. Michael, it is true that the vast majority of Americans near retirement do not have significant savings. Something must change when it comes to medical expenses as nobody can afford it. Nobody has a pension today or affordable insurance until death as those before me had.
    4
  26052. Thanks!
    4
  26053. Housing market is pretty strong in Avon, simsbury, Farmington, and WEST Hartford. Nice 4K Sq foot houses listed around 850k are being sold for 1 mil. There are few turn key nice properties for sale
    4
  26054. Michael, I agree with most of what you said in this video. But the wage increase numbers you mentioned are not even close. And while maybe executives, professionals and businesses owners probably got a decent pay increase, the workers did not. For example my pay increase "cost of living increase" this year was 2.1% in the mean while inflation numbers are much higher than that. Prices of real estate in Miami are completely disconnected from the local wages. Thanks to the politicians that allow so much international investment.
    4
  26055. Happy birthday ... its a night of your videos .. its nice to dream of florida
    4
  26056. Just compering wages to house prices is not a good way to gauge if houses are over valued. People migrating & investors are pushing up the prices now, it no longer has anything to do with what local people can afford & probably never will again in many places.
    4
  26057. The sad truth Michael is that people are so mixed up right now because of the way and the speed that the real estate market soared higher that is so confusing to think straight especially since there’s so many different opinions out there! We have never had this happen so fast before and nobody knows what the end result will be. Logically market should come down but I don’t think they’re going to make it that easy for us so…🤷
    4
  26058. A lot of the amenities are closed because the liberals want it closed.
    4
  26059. How do people pay $8,500 in rent? I honestly don’t understand.
    4
  26060. Great video… thank you for sharing! 😊🏝☀️🤩
    4
  26061. Fair enough
    4
  26062. thanks for sharing the video. i think one of the main concerns of Florida is the money situation. a lot of people complain specially moving down from places like new York is jobs and salaries
    4
  26063. Such great information! Thank You.
    4
  26064. I can't remember when California wasn't broke!
    4
  26065. Sandestin ❤️
    4
  26066. Michael is/was a real estate agent, so i guess you have your answer?
    4
  26067. What if it says amazons choice dosent that mean its not a scam? They made it?
    4
  26068. Omg . You are at north beach . You are showing the building which collapsed 3 days after you made this video. I am pretty sure it’s the one in background
    4
  26069. Blackstone and Black Rock are in the real estate market for a quick cash quickie....now that the housing market is falling apart, they are not making money...so they are going to dump houses in their portfolio back onto the market....
    4
  26070. Merry Christmas Michael
    4
  26071. Thanks for taking along with you, great exploring place! Maybe one day we can caught for some alligators 🐊 😉
    4
  26072. It's an engineering problem, could be very hard to fix because how big and tall the whole structure is of a high rise building...
    4
  26073. i really enjoy your channel. You are so real and transparent. Look forward to your videos. We need to face reality.
    4
  26074. Hey Michael, I have a question, I heard that starting in May of this year, anyone that gives a down payment greater than 5% will pay a higher interest or some form of penalty?
    4
  26075. 66 degrees in Pensacola at midnight last night, while it was 81 in Miami. This is the time of year when you start to see the difference in temps between north and south FL, and lasts right through April.
    4
  26076. Excellent Video Mike. Thank you.
    4
  26077. Thanks for a very practical review.
    4
  26078. Thanks for the hard work you put in every video! I was wondering if there is an app like Yelp or Trip Advisor but for real state agents and/or builders, or how can we search for popular real state??
    4
  26079. It seems to me that the Fed was reckless in its decision making by putting interest rates so low and also putting trillions of dollars into the money supply, and now having to raise interest rates quickly because of the inflation they created. The Fed is putting all of us on a roller coaster ride.
    4
  26080. I am with chase I had some problems with them in past but I would tell anyone is to check the automated transactions frequently least every other day but I am not paying any fees at all with them even if I have penny in my account there is no fees have to pay, I have also a credit union but I dont like it that they dont send out monthly activity statements which could be good in one way but if it gets lost & goes into someone elses hands could cause problems.. Big banks can be a problem in many ways but that said I had some issues with mom n pop banks to like being charged 10$ for not using my checking account three times in month ridiculas I closed it down immediately when they told me that & charged me..
    4
  26081. Love the content bro
    4
  26082. The biggest drawback I can see moving from cali to Florida is the options in the scenery. I can be in the dessert, beach, and snow covered mountains depending on the time of year all within a couple hours. At least living in so Cal. But is this and cool hipster scooters really worth the high taxes progressive politics and just an over alll decrease is life experiences? Not to me. I think one thing that should be mentioned is that although California has so much to offer in terms of things to do. You really need to budget to do anything here. It's not cheap to do activities in California. For example I can go snowboarding in the winter. But like most people in California, I don't own a snowboard. So after paying to use the slopes renting a board and gear, along with gas and food. You are looking at at least 100 bucks a person and that is just for the day. Which is fine but doing things like this or taking a boat to catalina island all the time will definitely break the bank if you aren't wealthy in California. It's worth noting also which I'm sure is the same in Florida. But if you are wealthy here in California it is highly likely you won't have time to do any of the activities California has to offer anyway. Wealthy people in California find activities that consist of just a few hours. Such as getting a message at a spa or golf. But I am sure this is the same as florida. Wealthy people who work for someone still usually dont have free time regardless.
    4
  26083. Good looking couple!
    4
  26084. What are the legal responsibilities of a realtor if there is something seriously wrong with a structure that they close on with a client is it the they don't ask don't tell policy🤑
    4
  26085. Years ago The Tea Party was all about lowering taxes. The democrats called them racists and had the IRS start audits on everyone. No democrat was held accountable.
    4
  26086. 2 moves will be made to shore up social security for 50 more years. 1 the age will go up to 75 for full benefits and 2 … right now ppl contribute to social security till they hit $140k annually. They want to raise it to like $180k.
    4
  26087. Gated communities and condo buildings are great for snowbirds and others who will be away for months at-a-time. I’m in that group as I intend to spend months every year traveling overseas, so I’ll be looking for a place I can just lock the door and go. Security, pool, fitness and other recreational amenities, all exterior maintenance and grounds keeping covered by the HOA fees. These are the important aspects a part-time resident needs to consider, and HOA communities are where those will be found.
    4
  26088. Inventory is about to explode....and there will still be no way for people like me to buy any of them when lenders won't lend enough money to cover the cost. People falsely believe that you can simply borrow the same amount as last year but at a higher interest rate. This is false - you qualify for less money, not the same, when interest rates are high like this. Lenders know that the monthly payment must include the extra $500 a month in higher interest than last year and therefore, give a lesser loan amount to cover the payment. So yes, inventory goes up, and first time homebuyers like myself who have no current equity are still screwed and cannot obtain any of that inventory....unless they want to buy a dump and fix it up....then they have to have money to fix it up. So I'm screwed either way. No two ways around it. Good luck to the rest of you who have equity already but I'm trying to buy my first house and won't be able to get the loan needed for most of that exploding inventory.
    4
  26089. If buy now pay later comes into the mainstream with the combination of credit cards, inflation will get worse and rates will only remain high.
    4
  26090. I am starting to hear people complain about their recent moves. Wow - house is 1/2 price - Oh, but there's nothing to do here! Prop tax higher than they thought. Don't like the community. And companies are starting to want employees back in their offices (it's a mix, but some). Seems like many people are being overly influenced by social media.
    4
  26091. Freedom, is the key word and main reason to buy a house
    4
  26092. Wow. Very Interesting Michael.
    4
  26093. The name of the game is to wait, and then wait some more, and after that...wait.
    4
  26094. How about gators, snakes, and creepy crawlers?
    4
  26095. Feels like Brazil... One thing i would get anoyed with is the lack of wall in the houses. Here we are used to live inside a +10 feet wall around the house obviously because of the criminality. But in the overall it kinda looks like our cities like Ubatuba and Ilhabela. Beautiful... Must be really good to live there and don't get too paranoid with getting robbed lol
    4
  26096. Happy New Year Michael, I am starting to repeat myself. “Another great video with great advice”. Cash stuffing really really works. Great for younger people or folks that need to be on a budget or save money. Thanks and I am looking forward to further price reductions in the RE market so I can jump in.
    4
  26097. Again ,,Michael ,you are right on every account,,,, appreciate all your honesty,,,,honesty we can't get from anywhere else,,,,,it's true !!!!
    4
  26098. I thought Florida was full of crazy people?! That's what I hear in the Internet. Moved to Miami in 1983 when I was six and luckily I haven't met them yet.
    4
  26099. I think housing prices go down but mortgage payments stay about the same (and housing remains unaffordable as interest rates rise).
    4
  26100. the Stupidity, Sellers are laughing all the way to the Bank
    4
  26101. I live in Edgewater renting a condo. I'm looking in Miami Beach area once lease expires where rents are actually lower than Edgewater/Mia downtown area. And it would cost me more to buy now vs renting. I've heard a couple reasons why mia beach is less expensive than downtown but would love to hear your thoughts why this may be the case?
    4
  26102. Insurance premiums are too damn high!
    4
  26103. Property tax can go up 1 1/2 % a year in California by law, you pay gas tax when you buy gas and that money goes to the roads. Where I live in the last 2years they have replaced a bridge and are repaving the roads. (San Diego county)
    4
  26104. Just want to add that the interest rates need to be higher than inflation inorder to be successful. Right now inflation is approx 7% while the Fed funds rate is less. It approx 4.5%. Negative Real rate for the saver. Why would anyone save
    4
  26105. You can put hot rail pickups on your squier guitar. It will sound loud and great. A friend of mine did that and plays it live with his band.
    4
  26106. Inflation? 1.7 Trillion Omnibus Bill , no worries 😂
    4
  26107. I used to live in Belvedere great place to grow up!
    4
  26108. Too bad you don't like the diversity...it's actually my favorite part
    4
  26109.  @MichaelBordenaro  Right on man. To my understanding northern Florida seems to have way less restrictions, I know south Florida is still pretty strict but at least they still have places open. Much more than what PA, NY, NJ, or CA can say.
    4
  26110. Thank you for the video Michael! Sir you are looking very great!! Truly this is some of the e best content out there. 😎👌🏿👍🏿🔥😁
    4
  26111. Kicking the can...Bank fees eat up all the money
    4
  26112. Very informative thank you!
    4
  26113. I live in a rowhome in Philadelphia. This video makes me want to go on a vacation.
    4
  26114.  @MichaelBordenaro  Thank you! I'll continue to watch your videos after I make the move and hopefully I'll remember to comment how things went.
    4
  26115. This is shocking and very sad. Glad to hear that you and your family are safe. My deepest condolences to the affected families.
    4
  26116. I got a 1st position $250k HELOC on my rental just in case I come across a deal. I hate to see people lose their homes but that's part of the game.
    4
  26117. Flagler built the hotel on the left at 11:50. It was originally called the Alcazar. He did not build the Casa Monica on the right but he did purchase it.
    4
  26118. Are there any homes in Miami below $1million?
    4
  26119. Thank you!! 😊🤗
    4
  26120. Completely agree with what you said about already being a homeowner. The wife and I bought a home in early 2020 right before prices skyrocketed in our area, and we have a 3 percent 30 yr fixed. You couldn't pay me to refinance our mortgage unless the rate was lower, which it will probably never be.
    4
  26121. If I bought stuff at the store and for got to use Ebates is there a way to scan my receipt
    4
  26122. You make a great point about rents. In my area, rents aren’t just high, there are few rentals to choose from. Whenever I put one on the market, I get like 30 applications.
    4
  26123. I moved out of Miami and moved to Melbourne much cheaper
    4
  26124. 18:19 that’s me as we speak and taxes are continuously going up
    4
  26125. Back in 2011, it was between wedding or putting that wedding money as down payment. Got our home instead, best decision we’ve made.
    4
  26126. Love the walking commentary Mike. Great information yet I feel sad over this subject. But thank you for the video.
    4
  26127. Average Houses/apartments/condos in Melbourne Australia are at least close to US$ 1 million if not significantly more!! (Like US$ 2-3 M )Think about that !! Wow you are only 32y old !! Mike, you are doing well !
    4
  26128. If interest rates stay this high half of Americans will not be able to afford cars, homes,loans,etc.. with high prices it's totally different than the Past.
    4
  26129. I’m doing the opposite by paying more towards the principal on my home morgate especially on a 2.5% interest rate.
    4
  26130. I can't wait to visit South Florida 😍 Love your videos 😍 💯👊
    4
  26131. Laguna Beach, Encinitas, let me know because LA beaches are not great. Go to Big Sur. Let me know if you want some tips.
    4
  26132. Thanks!
    4
  26133. What up Michael
    4
  26134. Thank you for the video Michael.
    4
  26135. I'm old - and lived in California over 50 years - born and raised in NY. It used to be a great state, everything was inexpensive, little traffic, friendly people, easy-going lifestyle - and gorgeous weather year-round. Now - it's becoming a hell-hole, homelessness increases by the minute - they even sleep on the streets in front of residential homes, apartments, and businesses --- and everywhere in-between. The homeless problem is so severe - that thousands of people are living in tents right across the street - and in front of - our Government Center in Los Angeles. Our leaders Do Not Care - as a matter of fact, they love destroying California (and they're also destroying NY.) Defund the police and law enforcement - no respect for military and vets. But - lots of security and armed guards hired by our politicians - paid for by the American taxpayer. Confusion, Chaos, Crime is what they LOVE. I know that America will implode in the next few years. It's all about us losing our rights, freedoms, opinions --- and they becoming richer and more powerful. YES - they're also changing the words we use in everyday life - to fit their narrative. It's not homeless - it's unhoused!!!!!
    4
  26136. Thanks for this info and perfect location for the video! 👍👍
    4
  26137. I just can't wait for fear of market crash. I figure if market crashes then I wait for 10 years for the market to come back. I bought a new build 1. I can't outbit other people's bid on a resale price 2. I won't have to worry about repairs with a new house
    4
  26138. The majority of sellers in the sf bay area are non motivated sellers, they want top dollar or no sale.
    4
  26139. Funn facct they filmed some of the new baywatch movie there
    4
  26140. Beautiful Park, I would like to see the swamp areas. Great video as always. Thanks for not playing music!!
    4
  26141. Tampa Bay
    4
  26142. Great video Michael. Please consider a video on corporate investors purchasing homes. Agree with you on the stock market. Thanks for the video.
    4
  26143. These sheeple nation people keep glossing over. The "if I don't have a job and no income coming in? I cant make mortgage payments" factor.
    4
  26144. Excellent video!!! 👍
    4
  26145. Can you even evict somebody now with the Covid-19 thing going on? I thought there were all kinds of protections people could get? Hope it works out for you, you get a paying renter, and the tenant gets his/her life together. Just my own microscopic sample size of one, but I would hate to hit bottom in Florida. Your pay can go real flat, and your upward mobility with it. If you think you're going to be a rock star, and then need to punch a clock in South Florida.. oh man. Night sweats thinking about that. Gladiator Academy. Lompoc.
    4
  26146.  @MichaelBordenaro  , when scheduling the phone consultation, can it be paid now and the call completed later? I will be in Miami in mid March to drive around some areas in central and west Florida and think that will help me get a sense of things I’m curious about or need to know. Thx much!
    4
  26147. Cheaper taxes? Bet! Lol
    4
  26148. Michael Bordenaro What you can get for 300k in the different popular areas of Florida. Can you get a pool for that price etc? For me it would be most likely be Central Florida.. I also liked what you had to say about St Augustine... for me this would be a vacation home I could rent out when I’m not there.
    4
  26149. There is something you are not mentioning inflation will be sooo high in the next year or so and with that interests rates will increase to 5 to 6 percent and the housing market will stop.
    4
  26150. I rather stick with Stuart beach. Less traffic, less people and free beaches
    4
  26151. There is no way you can swim at California beaches , the water is always too cold throughout the whole year. Plus the currents are strong and dangerous. California beaches are only good for visiting and sight seeing, besides that there isn't much to do.
    4
  26152. GoldenGuardian Hello! I have to admit that it will take to get used to humidity and such a warm weather. It’s definitely easier closer to coastline. There are always some breeze. And of course bugs. I love all kinds of creatures, but these little “no see ums” are nasty. When they bite you, Itches for a week or more. Just the fact that you can’t go out for a walk any time you want because of weather can change by hour. I am here only two months, so I have to learn myself a lot. I didn’t think that I will miss CA this much. Only nature and climate wise. I think that would be good to come over and test if you like FL for a week or two. For me as a outdoor person, I am feeling a bit limited at this hot time of year. 😁🌴
    4
  26153. Happy birthday Michael
    4
  26154.  @MichaelBordenaro  You're welcome. I speak the truth. When I finish watching the whole thing I will come back and share my thoughts. So far I'm so happy you covered this area because I have a friend that lives there but I've never been and it's on my radar. :)
    4
  26155. These were really good points. Funny, how you like CA so much. I guess the grass is always greener, or the beach always whiter, but I really do just like having an ocean you can use (unless you surf). I lived in LA above the beach for a few years & maybe went into the water 2 times. My body just said "no!". I go swimming more than once a day in FL. My body says "Yes!"
    4
  26156. What is your opinion on me buying a house right now with cash in California there's a house for $600000 I offered them 550 and I believe they're going to accept the offer do you think if I'm getting a decent deal it's worth jumping in now you know trying to Dodge the catching the perverbial falling knife you know
    4
  26157. Thanks for the update! Does this also apply to the Miami real estate market?
    4
  26158. Michael I know people who work Uber DoorDash & Lyft at the same time meaning they have all the Apps on working 3 gig jobs after getting pink slips just to keep the lights on… Powell just understand numbers Not reality… Thanks for all your work & congratulations on your sisters wedding…. 🙏🙏🙏
    4
  26159. There's also Atlanta! Which is close to Florida. Something I'm considering (I live in LA)
    4
  26160. In Nm they have come down about at a snails pace. In Missouri where I have family a bit more. In Nm the Bi-coastal types swarmed out here during covid running up the prices and bang! we were discovered. Now I'm priced out in my own state cause I just dont see prices getting back to any pre-covid reality.
    4
  26161. I was born and raised in Miami. I lived there for 35 years. Relocated to the Atlanta area, but would love to retire to the Venice Beach area if I don’t get priced out of my home state!
    4
  26162. Prenups work if both partners have equal work/parenting responsibilities. So many women get stuck with the bulk of the child care and can’t work as much. Stay at home moms have some serious unpaid labor that should be considered if two people were to get divorced. Just my experience.
    4
  26163. Thanks for posting. The loan is so misleading and is no different than the loans offered in 2008
    4
  26164. Whenever I hear the term “sea wall” I shudder.
    4
  26165. Thanks for the update
    4
  26166. Thanks for explaining this stuff.. I am having trouble using my super points.. Can you please do a informative video on super points and how to use them.. Thanks
    4
  26167. I do not understand why communities allow more tiny homes in certain areas to help with affordability (on a primary residence). But I have said it in the past I am so happy I bought my fixed up 1950s Florida Bungalow for $78k in Dade City FL (3.75%).
    4
  26168. I visited twice over the last six months. Pretty much all over the state. There were some times it was required. 99% of the time I was maskless and so was everyone else in the stores. I specifically remember some places asking but not requiring too. For the most part FL seemed liberated from the mask hysteria to me
    4
  26169. The electric leaf blower seemed relatively quiet to me.
    4
  26170. If you live in South Beach, you are going to want to be on the west side like this condo, and not on the east side by Ocean Dr./Collins Ave./Washington Ave. Trust me.
    4
  26171. It will take it down guarantee
    4
  26172. I find your input quite refreshing :)
    4
  26173. Great info. Glade someone is telling the truth. Cost is issue. Thank you
    4
  26174. Great video...very interesting. Please follow him around. You are a great interviewer! I was not thinking of doing this but might in my town with more info. Thank you!
    4
  26175. Wow, you're bringing back memories! I visited Napa in 2009, wine tastings were pretty much free, or under $20. $40 per tasting is...expensive! Napa was beautiful, the wine amazing. I bought an Alpha Omega winery Cabernet at $45 and thought that was incredibly indulgent. Enjoy!
    4
  26176. This is awesome. I live in the Midwest and it's cold!
    4
  26177. Stayed in Palm Coast for 2 months. Loved it.
    4
  26178.  @MichaelBordenaro  pretty easy to find locations because of alphabetized sections. Daytona and St Augustine. Perfect in between. Flagler beach
    4
  26179. Hey Michael! Like your channel a lot.. You should upgrade your back ground when you making a video well you talk. Give a different look. Keep up the good work.👍
    4
  26180. I would not be surprised if the Federal gov stepped up and cut a big fat check for all the landlords that took a beating. Time for the landlord lobby to get busy on capital hill and get some of that 3+ Trillion dollars like everyone else is getting.
    4
  26181. I get third place and the bronze medal. Lol!!!!
    4
  26182. 9:35 MIAMI MIKE ur a legend
    4
  26183. Thanks Michael for sharing your experiences, I would only stay in a hotel and the best that I can afford for the security and the experience of meeting other people. Best Regards to both of you.
    4
  26184. Love your walking tours!
    4
  26185. Thinking of Orlando or Daytona Beach, I need to be close to the airports and it seems more affordable.
    4
  26186. Look forward to watching these daily Mike, thank you so much!
    4
  26187. I hope IAlledegly calls you!! He's in Miami.
    4
  26188. So what happens if they get another storm this year and then next year and so on. If they rebuild only to be torn again. They need to make changes how they rebuild , hurricane and flood proof or not build in that area at all. Also the same in Puerto Rico happens again 5 yrs lator this yr and its a different story for them as far as any help. I know people who moved from Hawaii to Florida just 6 months ago only to face this, they had no storms since 30 yrs in Hawaii. So what are people going to do when it rains daily torential rain with no roof on the houses
    4
  26189. Hope this rent control cap proposal caps insurance, taxes, roof replacement costs ect as well. Guess the way around it for landlords is to kick tenants out every couple years ("going to do some remodeling'") and re-rent anew at higher prices. Love your thoughtful/educational vids BTW. Look forward to them every day 🙂
    4
  26190. Here’s my situation….im renting an over priced apartment just to wait out the housing market madness 😢
    4
  26191. Compared to south florida, i wouldnt consider that traffic.
    4
  26192. Awesome collab
    4
  26193. A real estate agent once told me that the value of your property is what the buyer feels it should be worth and that you need to look at the market value of other homes in your area. Just because you love this property more so vs. your wife/husband and kids your screwing yourself.
    4
  26194. Great video Michael, mostly great properties discussed. I’m looking forward to a video on studios/one bedrooms for those who want something smaller or want to downsize!
    4
  26195. The Bank failures are a made up scam by JPM. How's that the failures are coming right before FOCM meetings to pressure Powell to pivot. I say keep going it's going to happen anyway.
    4
  26196. I've been moving to Florida for the last 30 years, and I haven't made it yet. Being far from family is my #1 stopper🥺
    4
  26197. Hey Michael, I see that you’re definitely know what you’re talking in regards to Real Estate. I have so many questions about Real Estate that I would like to ask you. Can we get more in touch somehow?
    4
  26198. Happy Birthday Lisi! Hope you had a wonderful day! 🎂🎁💝💐
    4
  26199. I’m hearing it was a sink hole. Unfortunately sink holes 🕳 there is no warning ⚠️ and with so many new construction 🦺 building and building the land can only hold but so much. 🙏🏽🙏🏽🙏🏽 to all the family and friends of the victims.
    4
  26200. I had no idea so many people were just living off the equity in their homes. Between stimulus and refi cash I guess you could do it for a year or two. Then just walk away let it go into short sale or foreclose My God we may be in for worse than 08’.
    4
  26201. Its OK that there are some private beaches. Unfortunately, we aren't entitled to it ALL, there are so many others that are just phenomenal!
    4
  26202. Another GREAT video , at this rate , 100 K is just around the corner !!.....Thank you...
    4
  26203. Michael, the bottom line is if you don't hold it you don't own it. What is a real-estate agent messing around in computer generated crap!
    4
  26204. I really like the both of you guys.
    4
  26205. Love this area of Florida!! Flagler Beach is an amazing little beach town very laid back and quaint place to live or visit! It’s mixed all ages and bikers come when they have bike week and they attract a lot of surfers also! To me Flagler is the best for laid back people like myself no matter what age! ☮️💕🌊🙌🏼🙏🏼
    4
  26206. Superb choice of topic. I never went on Facebook, knowing that you advertise your entire life for free. And let Facebook profit from it. There should be disclosure on this and the borrower must agree to allow it. Thank you for highlighting this and the solar panel/insurance issue.
    4
  26207. I lived in FL for years. Not a big fan. Mosquito and humidity drove me.nuts along with the 2005/2006 hurricane season. Good luck.
    4
  26208. I wouldn't expect very many people to move to the Midwest, I would just expect more people to stay for the reasonably priced housing.
    4
  26209. Michael, you just keep knockin' 'em outta the park with these videos! Love this one! My husband and I did this hike about 7 years ago, on an anniversary trip to San Francisco for a long weekend. You didn't need reservations then, but it was tough to park. It was crowded in the park, too. Anyway, we hiked from the bottom up, and then back down again. It was an unexpected tough hike. It was hot, too! We were on a time crunch, too, because we had a play that we were going to afterwards, so we were hoofin' it! Beautiful area, though. Just lovely! I want to bring our son there, whenever we are able to go back. As for the holes in many of the trees, we were visiting Redwood State Park in the Santa Cruz area, and my son got lost briefly. Turned out he was going in those holes, pretending that he was falling down them into Wonderland, like Alice. ;-) That gave us a scare. Again, we were on a time crunch, as we were scheduled to do the train ride through that forest, but we had to find our lost son first. My husband found him in about five minutes, but I didn't know for about 30 minutes, as my husband and I split up, and he refused to carry his cell phone on him. (He often still refuses to do that. Ugh!) Anyway, just so you know, there IS a Redwood grove in Southern California. I was astounded to learn through You Tube channel, Yellow Productions, that there is a grove in Orange County. I literally made my husband take my son and I the next day. It is small, but they are beautiful trees. As soon as you are about to get to the grove, you can feel the air start to cool down by about 10 degrees. Very nice. The area is called Carbon Canyon Regional Park. Latitudinally, it is due east of Manhattan Beach, CA. Just wanted to share that info for any future visits you and Lisi might have to that area.
    4
  26210. 1
    4
  26211. You should go to our mountain lakes, the beach here is trash. If you want natural beauty the lakes are where its at. But a lot of them are messed up by the fires.
    4
  26212. The shell-mixed sand is quite famous, and you'll notice that the Spanish tended to build the city with that shell mixed into the roads. You should without doubt visit the lighthouse maritime archaeology museum.
    4
  26213. It’s about time that there is a shakeout in the real estate market
    4
  26214. Pee-wee Herman’s word of the day… delusional 😅
    4
  26215. Question, how would it be climate change when you stated that we had More tropical cyclones in the early 1900"S..
    4
  26216.  @MichaelBordenaro  Too much concrete....this adds to the flooding because the water has nowhere to go.
    4
  26217. Very cool! Always good info to have when choosing a place. I always look for a gym with free weights for my husband, and an elliptical or treadmill for me, as well as a pool snd Jacuzzi.
    4
  26218. My ex-wife ruined me financially, I was lucky I was in my 40's and my career has paid pretty well. The days of huge high tech payouts is coming to an end. AI will make some people rich but not at the levels they once were.
    4
  26219. You are so right… it is very sad here in Las Vegas.
    4
  26220. Hopefully they will be able to get insurance settlement and the companies don't play the flood game
    4
  26221. Love this format. My question is how serious do you think the rising sea level is, and what effect will it have on real estate?
    4
  26222. It’s not as tropical as South Florida
    4
  26223. I like the crazy expensive houses!!!
    4
  26224. My Dad called them “Repairmen” As I mentioned before My brother-in-law started fixing and painting apartments. He ended up as the PR person for a different company and tripled his income. He’s been offered another PR job to relocate in FL and will move by March. Wow... Happening fast. ThankYou for this positive Video. ❤️ Happy-Prosperous 2022‼️
    4
  26225. If you’re new to his channel trust me he knows his stuff. I actually cross checked his weather info against University of Florida and US government data and he was 99% spot on.
    4
  26226. Worcester, Massachusetts is not pronounced Wor-Chester. Strange as it is we say Whistah up here.....lol 😁
    4
  26227. Better start holding your local government accountable. Your local governments are out of control.
    4
  26228.  @MichaelBordenaro  man, i really want to move down to Florida, i love miami and key west. Any good place suggestion?
    4
  26229. Congrats on reaching Cali. I have been to a few of the beaches out that way, Redondo, Hermosa, and Venice come tp mind. Really enjoyed going for the walk with you and Lisi. Believe it or not it is not unheard for indoor pools to be in the basements of row houses here in DC where I grew up. I live in Maryland now. I would love to visit the San Diego area, supposed to be really pretty and a little warmer in the south. Rich history as well. What a pretty walk you had. I see Hollywood Florida's walkway/Boardwalk being like the Strand, but without the houses. Since you already did the daytime walk maybe try a night time walk somewhere else. It seems like the Strand comes more alive in the evenings. Where Hermosa beach ends and has the stupid stairs, when you live there, you know the ramp to take before you get to that point. I agree it seems stupid to have no ramp there. What a nice aquarium to have on the pier. Agree about being with the sharks while surfing. It seems shark encounters are more common than ever. Luck was on your side get in the aquarium. Hope to be caught with your content during my lunch break today :)
    4
  26230. Michael,...off subject here,..but,...do you ever think how crazy it is that at one time you were detailing cars in Rockford Ill,.....and now you have 53k people following you on Youtube listening to your opinions on real estate??
    4
  26231. I dont know why everyone is limited to living in small areas like in cities in Canada and U.S. We have a lot of empty land here in the states. All we need is to move the Mississippi River and agriculture from drought areas and we can sustain ourselves forever.. wait..
    4
  26232. If possible, I really hope you document your South 🍊 County travels during your Cali tour. It would be nice to see Home shown, along with your comparisons to FL and opinions.
    4
  26233. I know.It's 40 degrees in May 11.I would prefer to walk on hot land than snowy,icya and cold surface.
    4
  26234. Question. Do you think it's more affordable to live in Florida or Alabama/Georgia Is one considerably lower in cost of living over all? Thanks
    4
  26235.  @MichaelBordenaro  Thanks, I've been considering Moving to Florida but I just recently heard that Car insurance and registration are crazy High there which Got me wondering if other things are also, plus I'm not a fan of over crowded areas. So maybe a small or medium size town in Alabama or Georgia might be better and we (wife and kids) could still drive to Florida Beaches and Attractions. We are wanting to relocate from Minnesota to a warmer climate in the near future.
    4
  26236. Hi Michael. I hope you have a wonderful day. You are hit all the keys of the Global economy market and uncertainty. You’re the best of the best.😊
    4
  26237. 5:18 I think that guy in the background is either sleepy or pretty wasted 😂
    4
  26238. I like the ultra modern homes you are showing us today.
    4
  26239. JPM makes about $100 billion a year off their .01% rate policy for their customers banking needs.
    4
  26240. I love this neighborhood, Michael. I really enjoy how you started showing us these houses for sale, while you talk about your subject, and then show the pricing details. Just great! I also feel that if they are asking these high prices for houses, at least these houses are bigger and somewhat warrant the price, rather than these smaller houses, with one car garages that have been converted into a room, and end up having no garage at all. As always...great job!
    4
  26241. WTF is with all the people parking in their yards? Some people have more money than brains. Some things never change.
    4
  26242. There has not been a recession in recorded history where housing prices haven't fallen.
    4
  26243. Hey mike great videos. What’s your thoughts on those considering the move. My wife and I and 3 kids actually had our date mid June set to move and everything was set in motion. By that time things may have settle but if not what’s your opinion on moving during this time? Is it even possible thanks bro
    4
  26244. I enjoy your retirement/finance videos as well as real estate. Anyone who says you're too young to think about retirement is wrong. In my 30's I was self employed trying to get out of debt first before I put away retirement funds. Bad choice. I'm 52 trying to play catch up. My goal is to have enough to only have to work part time after age 65. That will be as good as it gets. I have $60K in retirement and $2K in savings... Don't yet own a home. But debt free. GenX.
    4
  26245. Yes on live stream on implosion of building
    4
  26246. Estero is nice too. Right by Bonita
    4
  26247. Michael thanks for this video from back in May. I wonder how the beach is for now and the month towards winter months. Those condos owners who have been there for a couple of years can probably give some great information about how crowded the beach areas become. How is the downtown area? Did you see a lot of restaurants and shops there?
    4
  26248. It is wonderful. the water is still warm and clear as anything. We went swimming yesterday at Lido beach which is just down the road from where Michael is shooting. Absolutely fabulous.
    4
  26249. I have been trying, since 2008. I know I'm not getting younger. I'm going to give it 3 more years and if I have not made any progress I just going to throw in towel and say the hell with it. I'm just going to visit twice a year as usual.
    4
  26250. Finish the wall :)) the house on your video at minute 12.40 need to finish the wall, never got that in Miami, some people put a gate for the drive way and one for the walking entrance but the rest as no wall ( did they ran out of money :)) so what is the purpose? looks ugly and unfinished.
    4
  26251. 10:21 Don't worry Michael it will soon come to Florida as well when the economy collapses.
    4
  26252. Crooked Creek HOA in Sarasota has for sale signs all over.
    4
  26253. Welcome to LA :hand-pink-waving:
    4
  26254. I’ve heard the feds biggest fear, well for all central banks, is deflationary pressure. If that happens, then two things are at play: 1) no spending, with higher inflation and unemployment 2) the fed will print huuuuge
    4
  26255. Wow, stay safe storms on the way! Thank you for your content. Verifies what’s going on. Each “part” of Florida experiences different things. Naples not seeing that currently. Everyone pays cash so don’t see the aftermath of the sale. That being said the average Joe is suffering. Can’t afford to live & work here. Happy Birthday! 🌴🎉🎂🎈🎊
    4
  26256. Watch your step walking around! Good point about the consequences of the eviction bans.
    4
  26257. I agree 100% yet I hear from Washington that we have a booming economy!!! I just paid $5.10 per gallon of gas here in PA. Discretionary spending only has been implemented in our household.
    4
  26258. I am actually looking for a short term rental less than $1000. Any tips?
    4
  26259. Good for you bro! It takes a lot of courage to speak publicly and not give a shit about what other people think about your opinions and views on life. Keep it up!! I wish I would have started a channel years ago about motorcycle maintenance.
    4
  26260. Funny cause i live in CLEARWATER FLORIDA LOL
    4
  26261. Tampa area here, LOVE it!! Not a big fan of the east coast myself.
    4
  26262. Do you have a link for this new mortgage rate incentive?
    4
  26263. They getting cheap in Australia
    4
  26264. While it's a Million Dollar view, I suspect that translates into a $200,000 premium for that condo.
    4
  26265. Everybody wants a change from the current economic trend.
    4
  26266. Michael are you selling YOUR condo that you bought in miami last year because of anything that youre talking about ? No? Then why do you think anyone else will ?
    4
  26267. Imagine we are 10 wanting to go and we are await for the US border to open for tourists coming from the EU.
    4
  26268. Brilliant discussion regarding teachers and their pay. I moved from corporate into teaching late in my career and now I am in my 4th year teaching studies. If it wasn’t for my family being financially stable and supportive (paid off homes and cars etc) then I would never have decided to follow my dreams of teaching. And it’s the same issue world wide from when I lived in the UK to South Africa. The salaries are shocking and it’s almost impossible for a teacher to live independently without a second source of income (second job, partner etc). Everything else BUT peoples general salaries are up. As a teacher, someone who is currently studying through the “system” my advice to my son (who has a natural entrepreneurial flare that runs through the family line) to look for alternative opportunities because studying and student debt is a money making machine unless you want to become a doctor etc. in terms of the housing situation in Florida, we are very keen to invest but there’s no ways it will be on a mortgage basis. It’s not always possible for everyone, but cash is king! Start small, rent it out while also paying in extra with your own income until the property is paid off as quickly as possible is key. Then you can expand from there. Keep you outgoings to a minimal while trying to pay off your biggest asset - a home.
    4
  26269. Hello again Michael, long time listener here. I have an idea for one of your episodes. You touched on retirees may want to sell and cash out now, how does inflation affect their cash and where would they put it safely. I know you are not a financial advisor but you should be cause you are way better than mine! ❤
    4
  26270. Please talk about property tax assessment on purchase! I bought a home in August in Port St. Lucie, I am happy with the deal and the price that I negotiated, but the assessed property taxes went up 300%!!! Compared to the previous owner who had bought in 1990. Fortunately I’ll be able to handle that but it was still a very expensive completely unexpected cost
    4
  26271. You are 100% correct
    4
  26272. Been watching your vids for the last several months now. I appreciate the manner in which you present the information regarding the ongoing situation without all the histrionics that are so common lately. I'm also liking the Sonny Crockett vibe! Keep up the good work keeping us well informed, thank you sir! Subscribed! 👍
    4
  26273. Glad to see you doin it big Michael congrats! 😎👍🏻👌🏻
    4
  26274. I would say the pro's outweigh the cons if you have money living in FL Otherwise not so much. Thanks for the video!.
    4
  26275. Bible Verses on Money & Stewardship A wise man saves for the future - Proverbs 21:20. Money little by little grows - Proverbs 13:11. Ability to produce wealth - Deuteronomy 8:18. The blessing of the Lord brings wealth - Proverbs 10:22. Diligent hands bring wealth - Proverbs 10:4.
    4
  26276. I watched your videos before I moved to jacksonville
    4
  26277. Bravo Michael 🌟 You have the BEST work ethic . . . Energizer Bunny !
    4
  26278. Looking forward to the east coast video! We are considering moving near De Leon Spring area for work and would love some suggestions within reasonable distance, near water. Thanks again!
    4
  26279. Michael, you are spot on about this recession.
    4
  26280. Way I see it prices will never come back to reality. Couple questions. 1. How many buyers are priced out right now? Answer- millions 2. How many buyers would be willing to buy if rates came down? Andwer- millions 3. What’s going to happen when rates do come down? Answer- those millions waiting on sidelines will flock into the pool. 4. What’s gonna happen to prices then? Answer- going back up 2021 all over again.
    4
  26281. Great video! Ideally live in a blue zone (latitude that predisposes to longevity)
    4
  26282. i live in ripon ca low crime high medium income and amazing economy and amazing weather
    4
  26283. Holy Crap... That house (nice dump) you showed was $2.7MM and not even water front??? Miami is broken. In Cape Coral (safer than Miami) That house is $450K on the water everyday! Thanks for talking REAL Real Estate pricing. I have found MOST Realtors live in the fluctuating LaLa Land of house prices... trying to close the next deal. Most don't know Sh@#.
    4
  26284. I am moving to Florida because want to get a boat...and visit the Islands...
    4
  26285. I messed up on not getting insurance for a few months. Now I owe a payment to my mortgage company. sucks but gotta pay it
    4
  26286. Its the 1970s all over again, incl oil probs, gasoline rationing, housing tripled then crashed.
    4
  26287. Hands down 30A in between Destin and Panama is the best area in all of Florida and the beauty is , the average person has never heard of it! Secrets out, check it out !
    4
  26288. We are at the end of the road. You can't kick the can any further. It all unravels in 2023. Economic nightmare, and home prices will fall by a lot. The party is over. The consequences of it all are coming home to roost.
    4
  26289. You're welcome Michael. I knew you'd like that story. Hopefully Daniel can get that situation figured out.
    4
  26290. The sign on bonuses is an excellent example of “ the devil 👿 is in the details”.
    4
  26291. Hey Mike start another you tube chanel with the dashcam....love to see more of Florida!! keep posting these great videos...thanks!!
    4
  26292. Thanks for your recommendations
    4
  26293. Hubby is an executive for the world’s largest insurance company. The rises in cost for car insurance are quite genuine, most parts come from China and shipping and supply chain issues are still affecting, labour costs for repairs have also exploded. The really big part of the auto cost claim increases isn’t because of crashes though, it’s extreme weather events floods, hail, wildfires and cyclones. You can have tens of thousands of cars written off in one event.
    4
  26294. When r u going to tour Hollywood Beach Florida??
    4
  26295. Does all of Florida allow a guesthouse in the back? I know in Maplewood Minnesota where I live it used to be allowed because there are a few homes I've seen like that but they were grandfathered in and it is not allowable in my city to have a separate guest house on your property.
    4
  26296. Every municipality is different, it depends on zoning and approved permits, be careful buying a place with a guesthouse, it could have been built without an approved permit, you buy the property and someone decides to complain suddenly it's your code violation and that can be an expensive nightmare. Definitely check for all permits on a potential property.
    4
  26297. Hi Michael’s dad ❤❤
    4
  26298. I’m getting mosquito bites just watching this
    4
  26299. I’ve been in St Pete less then 2 months. The mosquitos are real. I’ve worn sandals to take my dog out and my feet have gotten destroyed. Nothing to stop me from moving here. I wear socks and don’t go in the same area near the pond. Not rocket science...live and learn
    4
  26300. Good luck in whatever you decide. Only you know what's best for you. Thanks so much for all the great advice I've gotten through your channel. Again, wishing you and the "wife" the best of luck!
    4
  26301. I used to be a member of the 24 Hour Fitness, too. Loved it!
    4
  26302. I'm going to start designing Mini houses, Schoolies, Shipping containers, and Tee Pee's for people
    4
  26303. Wait
    4
  26304. Those were good examples in that price range. I don't know if I'd want the maintenance of a pool though. Maybe next time you could feature without pools. I did like the one in port Charlotte with the terrazzo floor. I like the mid century vibe.
    4
  26305. Daughters rent in Orlando went from $1,600.00 to $2,100.00 . Now she's worried about next year . Will there be another huge increase in the offering ? It's Florida so the chances are excellent .
    4
  26306. What about if you are retired and don't have a monthly income from a job but may have a pension, ss, savings, good credit, etc.......?
    4
  26307. Ha yeah make some noise! 🎸
    4
  26308. Yes, Columbus, Ohio seemed like an interesting place to own property...
    4
  26309. I get seasonal depression during winter. I hoping the space coast move this November will help me make friends.
    4
  26310. Appreciate this vid...staying in st augustine in sept - multi-family vaycay🙌 I've been all over Florida, both coasts, and the keys many times, but I've never stayed in st augustine.
    4
  26311. THANKS MICHAEL. 👍
    4
  26312. This was really helpful, thank you. We’re moving from Canada in November and are just so relieved to have had our visas approved. Thank goodness for the beautiful state of Florida.
    4
  26313. I'm wishing I could switch. Why do you say you are looking to live your life in peace in Florida? Canada seems more peaceful than anywhere in the US
    4
  26314. Florida panhandle beaches are prettier
    4
  26315. OMG Jesus returned and I missed it. 5:11
    4
  26316. Buy house not looking great others may not wanting and then upgrade when you can afford it
    4
  26317. I have no idea how I found your channel, but I am very thankful I did. Thank you for the positive advice and life coaching!!
    4
  26318. Not to be weird or anything, but what kind of gel do you use on your hair?? Can't seem to find anything that looks like that. And also love your content!
    4
  26319. ok to buy a house you love but as soon as you fall in love you are screwed.
    4
  26320.  @MichaelBordenaro  I would say that based on your video commentary there was a political undertone to it. If you are scared of Denver but are completely comfortable in Florida then we view the world in a completely different way. We go to Florida twice a year for about 2 weeks at a time as my in laws live there. Don't be scared of Denver bud, chill.
    4
  26321. Thank you for your videos! All amazing and very informative. Been wanting to move in Florida. What can u say about Fort Lauderdale? 🙏🙏🙏
    4
  26322. thats exactly what is going to happen to housing market, it will seem like home prices are stagnant and then suddenly , crashes and causes lot of pain. Watch out.
    4
  26323. Thanks for this. I didnt realize it was so expensive. You should wait to buy imho. The dunes are similar in the Outer Banks (where I am now). Good luck!
    4
  26324. Hold up,I don't think crime rates are nothing.
    4
  26325. I have a decent amount of savings but I am holding on to this to pay next year’s insurance and repair bills. Those two items have been costing me $43k a year three years running and next year I need to get my apartment building painted. So very little discretionary spending for me.
    4
  26326. Those good building codes! Plus it keeps the beach land values in check so it makes it more tourism friendly.
    4
  26327. Um...freedom? How about that? How many states have full-on totalitarian creeps "in charge", making life miserable? Though DeSantis blew it on the front end of this crime, he corrected fairly quickly, so Florida represents a place where a modicum of American liberty still exists. And that's a huge reason for this influx.
    4
  26328. Love your videos Michael. Your speech is so clear and easy to listen (I compare you to Joel Osteen) when I have my earphones while at the gym. Yes, when everybody is listening to music I am gobbling info that will help me in the future
    4
  26329. A lot of delusional sellers out here
    4
  26330. You are VERY young ...if you buy a house, you won't have that gorgeous ocean view, right? Does that no longer matter?
    4
  26331. They need to make these corporations that get government dollars to release half of their housing that they are holding. All that we're hearing right now is false, I feel that they're pushing people to rent for life. If all of these investors give up half of their property who will have no problems with housing
    4
  26332. Absolutely agree
    4
  26333. I really learn a lot from your walks...🙂 We call you The Walking Man - anyway great info we listen to you every day great source of info
    4
  26334. Wow, you and your dad are of the same age difference as me and my late father was. Make the most of your time with him, it would be nice if he can find a way to join you in Florida, but that's easier said than done obviously. My dad was 1/2 Italian too!
    4
  26335. Where were thinking about retiring to Florida like The Golden Girls
    4
  26336. Regarding the PPP loans is the direct fault and responsibility of the House of Representatives and Senators who proposed , voted and sent this bill on to the president to sign. No safeguards on who would get it and how it would be properly used in the short and long term.
    4
  26337. I just love spending a relaxing Sunday evening, watching my favorite YouTuber and getting more educated in the real esate market and the economy!
    4
  26338. Michael, I look at houses online in Clearwater all the time since I vacation down there, and, like the one you show, houses down there tend to be older homes that have been flipped. That's all good until you see both houses on either side sometimes are very run down. They will also eventually be flipped though.
    4
  26339. My friends and I are wanting to move to Miami from fort myers (I’ve never been to Miami) but he said he wants to live on brickell instead of south beach because he said south beach is a bit more dirty and everyone asks if you wanna buy drugs. How accurate would you say this is? Love your videos btw!
    4
  26340. Hello from Belvidere! Ha small world.
    4
  26341. Michael I love your show and the beautiful neighborhoods we see with you. I think this neighborhood on todays show is the prettiest yet! I just wish I could afford it but unfortunately I’m one of those people who have to worry about how much the taxes and insurance are.
    4
  26342. That is so expensive. But I can understand why with that view. If your rich then the price won't matter. lol
    4
  26343. I subbed my business account too😂 ❤
    4
  26344. Wife and I have been getting ready and still are to purchase toward the end of 2024. We will continue to watch the data and buy our first rental when it works on paper and is toward the lows of the Market. The prep takes years and widom with money takes time. 'Get rich quick' is as likely as winning the lottery.
    4
  26345. I'm in Western PA near Pittsburgh. Sitting pretty at 2.25% on a 30 year mortgage with 28 years or so to go.
    4
  26346. Yeah people drive like shit in Florida in general i live there i know LMFAO badass ride mane
    4
  26347. Cosigners are not only at risk of liability when borrowers default, they take an immediate credit hit because the full loan amount is reported as if it is their loan. They could be in for a nasty suprise if they need a loan themselves.
    4
  26348. How did you go broke? Well, at first gradually, then all at once.
    4
  26349. Living paycheck to paycheck should be no surprise. My car insurance increased this week. They need to do surveys on how much and how often employers are providing raises.
    4
  26350. Cool, You deserve it for giving the world quality content.
    4
  26351. Less buyers will qualify for a mortgage due to IR raise. Additionally when money is scarce the Banks tend to tighten lending to home buyers. The stock market is predicted to crash for sure. Wait and see that prices will go down not up!
    4
  26352. Such an amazing Walk !!! Great Job !!! 🧡💛
    4
  26353. All of your videos should be shirt off in a speedo! 😜
    4
  26354. Michael Bordenaro you would get a surge in views!
    4
  26355. I have been trying to figure thias out for quite a while and since you have traveled up the coast from Miami you should know. How far up the coast from Miami does the water stay clear?
    4
  26356. Cigarette smoke, gross!!!!!
    4
  26357. Meanwhile the couple far behind you is taking some photos with their polar bear for their wedding.
    4
  26358. I live here. I make videos on Tallahassee. Great video hun thanks for sharing 🤗
    4
  26359. Yeah the banks look super scary even here in Samta Monica ca like a dead zone .makes me want to take my money out
    4
  26360. 2012 pricing would be nice, but honestly, they need to roll back to 2002 to be inline with incomes. Keep in mind, the employment situation is in BAD shape. Houses went up 3x-5x after the 2000 DOT COM crash and incomes never kept up. We've been over spending on shelter ever since. The problem is that this over spending cuts into the discretionary budgets and suppresses the entire economy. These extra costs only go to banks, it doesn't benefit anyone. Go back and look at the 100 year trend line you will see what I'm talking about. 2012 is still over priced.
    4
  26361. First! Great talks Michael
    4
  26362. Great comparison video! East coast is a great option for me.
    4
  26363. So green !
    4
  26364. maybe not.
    4
  26365. Great video! Can you do moving from Illinois to Florida? We're thinking of relocating in the next 1-2 years, on the Gulf area (Pinellas Country, Manatee County, Sarasota county)
    4
  26366. I'm looking to buy in jupiter or delray
    4
  26367. In the words of the late, great Texas oil wildcatter, T. Boone Pickens, "The answer to high prices is... higher prices!"...
    4
  26368. Can you compare providence RI to Orlando or Davenport or Kissimmee
    4
  26369. If it wasn’t for the government created problems every single person in the world would want to live in Southern California. The natural beauty, the weather all year round, things to do, hard to find a place that can beat that area of the country. But man the illness has only exacerbated the craziness of the way that state is run
    4
  26370. Target will not do anything about the theft, they have proven that. I don't feel sorry for target. Explain that to their shareholders and investors. Get serious target.
    4
  26371. The quality of the dash cam is great, I loved the wide angle, felt like I was there with you. Absolutely loved this and look forward to more like this.
    4
  26372. Don’t know if you’re still in SoCal but I hope you can take a day and go up to Pasadena and check out how beautiful it is. Also site of the famous Rose Bowl Parade and football game. You’ll also see the San Gabriel Mountain range. 👍🏻
    4
  26373. Hawaii has endless summer!🌴🌴🌴🌴🌴
    4
  26374. What part of Florida would you recommend to stay in Florida with no or little money?
    4
  26375.  @MichaelBordenaro  Homestead?
    4
  26376. Do you wear flip flops?
    4
  26377. 🥇
    4
  26378. Michael… great to see youre good bud!
    4
  26379. Or everybody has to downsize; from a 3bd to a 2bd, from a 2bd to a 1 bd, from a 1bd to a studio and from a studio to a street corner ... With regards to remote working, a hybrid system is here to stay, no matter what Elon might say. I hear what you are saying about out of state immigrants pressing up prices, but this is what for example the issue of "gentrification" is all about; or rich foreigners coming to lower income countries and buying up property either to live in or to use as AirbnB for other rich foreigners. Rent prices will go down when renters buy a home they can now afford and which is a better allocation of their resources than renting is Does that make it right? I don't know, but it's capitalism at its finest.
    4
  26380. I enjoy seeing the things you walk by, nice format.
    4
  26381. Congrats on the 100K plaque!
    4
  26382.  @MichaelBordenaro  Yeah when I pull it off I'll let you know.I watched your video and I can tell you really like cali lol
    4
  26383. Michael I love you , you changed my whole way of thinking I can just buy high yield dividend etfs paying into them like I’m paying a mortgage invest invest and rent and I’m way better off in the end. We are just two people no kids anyway ur a gem
    4
  26384. Hi Michael as a guy from Germany your Content is absolutly intresting. In a globaleisede World you give propper Information on realE that fits globaly.
    4
  26385. yeah, you don't live on 30A $$$ maybe Mirmar. Grayton state park is public. I have not been back since the battle over public/private beach.
    4
  26386. You know if you have been a long-time subscriber of Michael's channel,...if you remember when he went back to his home town in Illinois and interviewed his parents,...and his channel was so new he responded to every comment. I guess I am 1 of the originals.
    4
  26387. Also less office space needed
    4
  26388. Don't go to Venice, go to Huntingdon beach or Newport beach.
    4
  26389. Another 12 months and it will be a good time for me to start looking for a house in the US. This recession is going to last at least 3 years (if we're lucky). It could last 5 years. Then it will cycle back up again. This is not the time to buy yet.
    4
  26390. I'd sell my property to get out of that situation !!
    4
  26391. I bought my house 14 years ago and interest was high but the value was lower years later equity has risen 👍🏼
    4
  26392. Looking very nice.
    4
  26393. Thank you for this scene. I remember when I would walk to the beach and pier in Santa Monica from our hotel to see the su go down over the ocean. Being in California is very very nice.😜😜
    4
  26394.  @MichaelBordenaro  You are welcome. Yes, seeing the sun is soo nice. The sun here in Chicago just went down but it was half cloudy and hazy here today. So, yes I keep good memories of going there when I used to fly with United Airlines.
    4
  26395. Not all baby boomers are in their late 70's... I'm a boomer and will be 59 next month... I hope I live more than just a few years according to you..Lol.. And I would like to be in my first and last home when I die..
    4
  26396. Great video! I’ve never we been to Ocala. Looks like a nice place to raise a famously or live a quiet life.
    4
  26397. Outrageous..i would have to leave
    4
  26398. There is no incentive for builders to build it right when people will line up to overpay for it anyway.
    4
  26399. Great Advice, Michael !....My Father said it Best...." The name implies what it is...Real..Estate".....How wealth is created.....Thank you..
    4
  26400. Great insight!! Your awesome
    4
  26401. Nice insight and video. I respect your opinion. I've lived in a big city my entire life (Northeast seaboard), and I prefer the craziness of South Beach because no day is ever the same and you can meet some cool people if you can handle the craziness. I respect anyone who prefers peace and isolation
    4
  26402. Appreciated
    4
  26403. "Common sense isn't so common". Voltaire
    4
  26404. Northern California provides a better quality of life when compared to Southern California, especially LA. Yeah SF politics are the worse but gets better as you leave the Bay Area.
    4
  26405. Excellent advices Michael! 👍👍👍👍
    4
  26406. Michael,I hope you avoid the car garage Nazi today,lol 😊
    4
  26407. I see people leaving the country all together
    4
  26408. Nice footage Michael. I've always found Dania pretty nice.
    4
  26409. I found the “you can walk to what you want here” funny because after being in Vegas, the heat cured me of walking anywhere further than 200 ft away..lol Knowing the Florida heat, walking several blocks is a pass.
    4
  26410. Maybe 5 years ago. In today’s market, it’s going to be a while, if ever.
    4
  26411. Let it crash and burn!
    4
  26412. Hey Michael, I just graduated college in Texas and will be moving to the cocoa area on June 1st. I will be working as a project manager but would like to hear your opinion on starting out in Florida . Rental, apartment, nice camper, or go ahead and buy a house. I plan on staying at least 5 years. Love the videos! Big help before the move there.
    4
  26413. Some parts of Melrose county in Florida, have an 1,800 square foot heat and cooled min . almost impossible to do a" shed to house".
    4
  26414. Cool little town never heard of it. Thanks for showing us around. Def busy holiday weekend .
    4
  26415. If you have a big downpayment buying 5+% bonds instead of a house can subsidize a good portion of your rent. That bond yield goes away once you use it to buy a house. You basically are taking a pay cut to get a mortgage.
    4
  26416. Go Florida Panthers.👌🏻
    4
  26417. You really should have a subscription channel on YouTube! 👍🏼 So many people never learned to budget or how or what to invest in. Your information and experiences are priceless. Thanks Michael! ❤️
    4
  26418. Michael, have you been to the Keys? I don’t recall but I’m thinking you’d like it.
    4
  26419.  @MichaelBordenaro  I’m surprised you don’t go often because I would if I lived in Miami. But it’s mine and my husband’s favorite place.
    4
  26420. Nicely explained and laid out video. Plan to move west coast in a while (already lived east coast FL in my 20's ) you've got my subscription!
    4
  26421. Michael, u saw the new news came out today shocking how so many are refinancing right now. U know why many need cash .I get letters emails daily telling me I can take 600,000 oit today. It's all happening again
    4
  26422. In this market people discuss 500k, 600k, 750k....like it's nothing! I disagree oh my as of this a.m. and the Russians marching in I see big changes soon!!
    4
  26423. Michael, I know a couple of unfortunate retirees like the one you mentioned. An individual that starts early and stays on a sound path of personal economic responsibility/accountability will be free of money worries very young in life. Accepting at an early age that you must be dependent on no one but yourself for your financial freedom is one of the greatest gifts you can ever give yourself. It isn't that difficult but school students must be taught to think beyond instant gratification and the woke nonsense that's so pernicious in our society today. Knowing that these 17 year olds will in the not to distant future be hopeful buyers in the housing market, what percentage of them would have a clue what the tens of thousands of us are talking about here?? Not a big number I fear.
    4
  26424. Great video. Thank you. My friend lost out on 3 houses to cash buyers before she landed her house. It's a tough market.
    4
  26425. All year long I love it thank you for sharing this beauty
    4
  26426. I don't own an $800K house but I did stay at a Holiday Inn Express last night.
    4
  26427.  @MichaelBordenaro  I think East Oakland would be perfect for you.
    4
  26428. Tampa Bay please
    4
  26429. Looking forward to seeing your journey around the great state of Florida.
    4
  26430. How much electricity do all the EVs use of the 20% renewable? Sounds like all the EVs don't use all that 20%
    4
  26431. Another good one! ❤it!
    4
  26432. I noticed that there is a seasonal aspect to demand. Certainly in my area, Cape Cod, there is an increase in houses for sale after Labor Day and more buyers. Maybe they spent the summer here and decided to buy. Mid July is slow here, as everyone just wants to enjoy the beach. We’ll see what happens.
    4
  26433. Yes a buying video! With maybe comparing pro/cons/expenses of the two options. If someone (from Washington state) wanted to come explore Florida for possibly settling down there for at least part of their sunset years, any recommendations on how best to explore? And maybe you’re not the right person to ask, because we’re not interested in big city living/nightlife etc 🤔 Simple, inexpensive, relatively safe.. Excellent video above btw. 👍🏻 Ty! OOOPS! I’m watching your video of ‘why not to buy in Miami’ and see you already have the video I asked for above! Will watch next 👍🏻
    4
  26434. Thanks for showing us.... That was a Loud Buzzing Bug!!! LOL!!!
    4
  26435. Suggestion: Some nice meditative music in the background would be nice as Rome burns.
    4
  26436. Thanks!
    4
  26437. Congratulation on the anniversary! I greatly appreciate your work.
    4
  26438. I agree with you 100% about the insurance being a scam. A lot of the time, you have to sue them to get a settlement in Florida.
    4
  26439. But what about all the people that have to sell or get foreclosed on or have to short sale or get there credit destroyed or lose there jobs and can't pay there mortgages !
    4
  26440.  @MichaelBordenaro  Because they have been using their homes like equity ATMs like in 2005/08..while not paying their mortgages from forbearances 2020 mania!
    4
  26441. I'm here ❤️
    4
  26442. Thanks!
    4
  26443.  @MichaelBordenaro  Thank you so much and God bless🙏
    4
  26444. Portland absolutely 100% NOT
    4
  26445. Nice to see a busy mall, it was loud in there.
    4
  26446. How can they back out of a contract?
    4
  26447. If you previously did not own any Bitcoin, then I congratulate you for now owning some Bitcoin. I mean this in the most genuine, sincerest possible way
    4
  26448. This is a very informative video mike. 👍
    4
  26449.  @MichaelBordenaro  just a sugestion, perhaps you can make a video about public transportation in miami. Us Millenials tend to avoid owning a car. I don't know if such choice is make sense in Miami but I think it can be an interesting topic for a video. Cheers.
    4
  26450. A current low interest rate on someone's mortgage is one thing. A falling knife is another.
    4
  26451. Can you do a video on the crowd that is wildly over leveraged and and bought a bunch of homes for air bnbs?
    4
  26452. They give you these stupid discounts all at once, so your monthly rent can still be high. Don't give me free rent, just make my rent cheaper IMO.
    4
  26453. Makes renting look better, but wonder if there is NOT an motive to make people rent instead of owning
    4
  26454. I wouldn’t buy a flip but I’d live anywhere in California even this place. Living in NJ prices are outrageous & this place is crap. They call it the garden state should be the garbage state with trash everywhere on every road, lots of areas don’t even have sidewalks, coal fired power stations everywhere, weather unbearable humidity is death or ice or raining.
    4
  26455. Maybe I'll be able to afford a house as gen z. If the layoffs don't get us first.
    4
  26456. ALWAYS A NEGATIVE TITLE FOR CLICKS!
    4
  26457. Its funny you say the humidity cranks up in miami in summer. I went there this past February and it was basically july comparing to northern states. It was hot and humid. Evenings and mornings are perfect though near and in the tropics. And sometimes days too but many times days are hot and humid.
    4
  26458. After my order got shipped which is what they say but there’s literally no details of where they dropped it, the time, nothing. I payed $52 and it’ll take a month but after the order thats when i realized i got scammed from “seller” who just launched but their prizes were like the original prizes so i dont know and of course it had to be shipped from a terrible company…
    4
  26459. I am 51 years young and my husband and I moved here in Orlando a year ago. We love it here. Pandemic is a challenge. We are staying on task through it all. Thank you for doing your videos.
    4
  26460. I got one. Contacted my insurance guy and he said they will switch you over automatically. But the new quote is less than citizens. This a rental, I dropped insurance on my house 6 months ago.
    4
  26461.  @MichaelBordenaro  That's a good point. Location definitely plays a key role.
    4
  26462. No way prices drop. Corporations buying up entire neighborhoods of new builds to rent out. We will be a nation of renters in 10 years.
    4
  26463. Reminded me of the commercial: Check engine light on, we'll check it for free. AAMCO. LOL
    4
  26464. I miss those days!
    4
  26465. Yep, I did the cash stuffing. I also showed my tenants how to manage their money too by cash stuffing, when they were interested.
    4
  26466. Great advise Michael ! 👏I hope young people of today will take your advise seriously !! Unfortunately you are against the deceivers on social media today ! Who are pumping get rich scams day in and day out into the young and naive people making them believe either they need to make a fortune and buy luxuries Realstate or there is no other way !! That’s what’s is disappointing and confusing to those future buyers ! They never teach the process of getting there by having a goal and a purpose in life ! That’s the problem ! Corporations are now jumping in and using this mentality to own everything ! 🤔
    4
  26467. Delray is a very nice beach too, with the walkable downtown running perpendicular to the south end of the beach, but I believe it may still be closed. Check online before you go. And if you ever get the notion to take a ride a bit up the coast there’s a really great beach on Jupiter Island called Blowing Rocks beach. Google it to see the coral formations up on the beach that the water blows through forming spouts at high tide. The beach itself and the trail leading to it are spectacular and relatively isolated, but only a short walk in from the small parking area along the one road that traverses beautiful Jupiter island. It’s not a typical Florida beach. You’ll find people shore fishing at the north end, where there’s lots of broken shells, but great clean sand going south among the coral formations.
    4
  26468. Rents are crazy high in Boca Raton and it's still going up! Two Bedroom $3300 and up, One bedroom $2400 and up!
    4
  26469. I started intermittent fasting just last week but went with only eating one meal a day. I went from 156lbs to 146lbs in 6 days. My next health goal is to give up anything with added sugar but that's going to be tough
    4
  26470. OMAD is great. I've been meaning to try it but it's hard living with other people who snack all the time. Careful with the sugar substitutes, a lot of them can cause gastrointestinal distress. Always listen to your body 🤟
    4
  26471. Reading all the comments and doing my own research once again current homeowners are still convinced that they will get the outrageous profits that their neighbors got in 2021 & 2022 and with 3% mortgage they aren’t selling for a reasonable price, their greed will not change until massive layoffs and corporate layoffs hit and flood the market with overextended people who must sell
    4
  26472. I am enjoying your YouTube videos library . I am a regular fans , Can you do a video on Brightline . I think it will have an positive effect on real estate for the southeast coast. People will be able to commute to jobs and enjoyment from Miami to West Palm ....I live and Boca and with the Brightline i would consider more Trips to enjoy Miami > I do not like to drive 1 95. I use to go to South Beach back in the day when the renovation first started and you could drive A1A.on the beach. .
    4
  26473. Totally understandable! I’d be exactly the same. Sending some U.K. love 🇬🇧
    4
  26474. Some people have pie in the sky ideas. The potential buyer utilizing this 3-year seller financing might believe the value of that property will significantly increase and before that 3-year term is up they could sell for a profit.
    4
  26475. I have Anna Maria taste on a Cortez budget
    4
  26476. Do any of these folks know math??? Insanity with the prices on some of these homes! I guess the word million or millions is all they see! Sick, insane, pathetic etc. Is this a stupid money (Monopoly type) game! Certainly not reality!
    4
  26477. Why should we tax subsudize sellers who want to sell at a high price and make a big profit? What we would be telling these sellers is " please put your house on the market at a reasonable price, and we will pay you the difference you would have made selling at a high price"
    4
  26478. Layoffs are here.lots of deals coming this spring.
    4
  26479. If you're a chemist and a lab or a Baker at a bakery, precision is very important. As for the statistics, just get the gist. Who cares whether Austin is down by 10% or 18%. Bottom line, it's down.
    4
  26480. Thank you for all this information. It is great content. Your videos speak the truth
    4
  26481. It would be especially nice on February 1st!
    4
  26482. Yep, its insanity on another level, we are located in central FL and we cannot believe how much they are saying the home we bought 20 years ago is worth, like 4 times more than we paid for it. If I stuck a for sale on my front lawn it would be sold in less than a day...LOL Even apartments/duplexes and condos are being leased at a record pace, our daughter looked at a duplex and was going to lease it but by the time she had her credit check done someone else had already leased it out right from underneath her and it had just been listed for lease only a few hours before she looked at it. Problem is she already gave the apartment complex where she is currently leasing notice she will be leaving Aug 1st and she has to find a place or she'll have no place to go. She could move back here with us but its over an hour away from where she goes to college and works
    4
  26483. 🔥
    4
  26484. SF is no where as close to what your impression of it is. Literally a small % of the city is like this. The rest is quite frankly insanely pleasant.
    4
  26485. Happy Birthday Mike! After seeing St. Augustine again, is it still at the top of your list?
    4
  26486. i'm laughing here, these prices just like a joke here, u could't rent a one bedroom not even in a decent neighborhood let alone close or by the beach , isn't that just amazzzzzzzzzzzzzzzing!!
    4
  26487. Remember, each future "bottom" is at the halfway level (or more than that) of the previous peak. 😩😩😩🏠🏡🏡
    4
  26488. Juno Beach and Jupiter offer a very nice lifestyle. Juno Beach in front of the Seminole Golf Club (no buildings on the beach) is my favorite beach In Florida. When I mentioned Keys, it was in reference to Sarasota (i.e. Siesta Key, Manasota Key, Longboat Key). Check these out.
    4
  26489. I agree with the low morals of this great nation, or maybe this once great nation. Valuable content.
    4
  26490. Awesome Background today dreamy to have friends who invite you on board
    4
  26491. Sometimes you win some and you lose some.
    4
  26492. Sounds like flippers are getting screwed do to bad timing just like in 2007-8 timeframe. Stuck holding bad flips.
    4
  26493. Great to see you happy and fulfilled both emotionally and financially. I had the exact same when I moved from Israel to London but now I am ready for a new stage in life and that stage includes sunshine, palm trees and golden beaches 😀
    4
  26494. Where was your most favorite place on the west coast of FL?
    4
  26495. Sup, folks. We're all going to die. They need to jack interest up to 20% and be done with it, but they don't want to pyss off their donors that are scraping every dime they can from this population full of gluttons who have to have their trinkets.
    4
  26496. 2046 sq ft house started at $499k, reduced to $445k. no takers Here is the problem. Current fair market value based on comps is about $166 pre sq ft Fair market value is about $339k Purchase price 2 yars ago?........$399k Look out below
    4
  26497. Any areas you go to in Florida that are close to beaches are nice..I'm a beach person there's a lot of nightlife,Malls and tons of stores so many restaurants the more people that come to get away from the Cold more they keep building in Florida is getting overpopulated and everybody wants to be in a nice area close to the airport close to the beach close to Disney World for a middle-class average worker New Homes are like $300,000 to $400,000 and up..Around here.. I live in the Melbourne Beach area have a beautiful house with a pool hot tub- all screened in, to me it's Paradise every day and night, I've been to all the places that you named and it's all about the money if you buy a condo on South Beach I believe they are over $1-Million dollars.. 10 minutes from my house in two different areas they built about 10,000 condos or more and I heard the starting price .Is over $400,000.Crazy.. I heard everybody's leaving California New York , New Jersey , Pennsylvania, the North and West are all moving to Florida sick of the cold the fires and High Taxes 🏖🏝🌡🌞🌞🌡🌞⛳🏌️‍♀️🏄‍♂️🏄‍♀️🤽‍♀️🏊‍♀️🏊‍♂️🤽‍♂️
    4
  26498. I wish you did apartment rentals Michael? Thank you 😊
    4
  26499. Great vid thanks Michael! Just got back from Miami Beach (Confidante Hotel) for the weekend. Although it was great just wasnt my thing. Ill take Siesta Key next time!
    4
  26500. Loved the vid, In the future I would really love to see a walking video of Lincoln Road Mall, Both sides!
    4
  26501. if you can't afford the insurance, you can't afford the property.
    4
  26502. To answer the question proposed in the title to this video: price of real estate is a function of liquidity available to an average buyer. Overall we live in a fiat banking system, which results in consistent inflation due to ever increasing money supply in the system(economy). Had we had consistent interest rates, the answer would be "yes, eventually the price of real estate will exceed the 2019 price levels because eventually there will be more money in the system to spend on the RE", HOWEVER, we live in the environment of fluctuating rates, and it looks like the rate is going up without end in sight, and that draws away the liquidity. So the next question is "will the rate ever get back to the previous levels?" Well, considering the fact that the rate is set by a group of individuals claiming they have public's interest in mind, yet get it wrong around just about every turn, which results in massive wealth transfer, it stems to reason that the boom and bust cycles are artificially both - created as well as exaggerated. And these economic cycles are created through shrinking or expanding the money supply, which is done through the application of arbitrarily set interest rate. And from that it is logical to conclude that after this bust there will be another boom(just like so many time before) which can only be accomplished with expanded liquidity, which will have to be achieved through low interest rate, which will result in all the money available to the public to put behind the RE. So unless the country undergoes MAJOR structural changes, like abolishing the FED or becoming a socialist country and making landlords illegal, the answer is yes either way, only we dont know how soon.
    4
  26503. Everything you said is accurate regarding how inflation and interest rates affect the stock and housing market. Here in Tampa prices are insanely high. I believe Zillow recently named Tampa as the number 1 destination in the country. Not sure if I should sell now or stay. I was here for the last crash and it was ugly.
    4
  26504. I'm watching condo prices, since I'm looking to downsize in the next 3 months and am prepping my home to sell. I'm looking to your channel for predictions.
    4
  26505. I think about moving to Glenwood Springs, Colorado. it depends on home insurance rate increases. Homes for sale in my area have increased but prices are steady.
    4
  26506. Nice! But you could’ve stayed right on the beach in St. Augustine for the same amount or less... then again, you guys live on the beach in Miami so probably would rather enjoy the change! 😊
    4
  26507. We gave up on buying something here in CA. The goal is to basically keep renting (we have rent control) at a reasonable rate compared to our incomes. Save a ton of $ and when it's time to die just move to the mid west or east and buy something super simple and cheap via cash.
    4
  26508. I believe once election is over, all will crash. This market is being manipulated.
    4
  26509. We are about 25 thousand dollars down from peak price in Florida. There are 1.7 million vacant homes in Florida. I imagine these are second homes and homes that are just gaining equity. Do you think many of these homes will come to market or will people hold them until the next upturn?
    4
  26510. In California, $250k home 20% down 30years at 9% would be $1675 not counting a $5k+ property tax. Compared to $460k, 20% down, 30 years, at 3% is $1617 without property tax. You cant find a home in California under $400k that are ready to move in that isn't a dump. New homes in my small town under 80k population in the middle of farms are being built for $550-700k.......
    4
  26511. We’re going to Florida next month, just last week it was $985 round trip for me and my husband. He made the mistake of not purchasing then. They are not $1,790 😭
    4
  26512. Back in 2012 I had 5 year adjustable @ 3% I sold right before the balloon, moved and bought house for cash.
    4
  26513. i am ready to live on yacht
    4
  26514. Your friend Nick and Travis singing the same old song lol except Nick’s coverage is much more detailed because he’s doing boots on the ground. Thanks for your coverage. Another hurricane is imminent and I predict a recession after this. We’re already in one but this is going to make things worse. Praying for Florida because it’s still my favorite State 🤲
    4
  26515. **will be requiring the building recertification for all buildings over 40 years old with 5 or more stories. Remember the F.I.U. bridge collapse and casualties back in 2018? I have a feeling that more shoddy construction/inspection practices and payoffs will be discovered and, hopefully, lives will be saved across the country before it is too late.
    4
  26516. I agree with number 6. Location. Depending where you go makes a difference economically and socially. There places here in FL that are hip and jumping however there are some that boring and quiet.
    4
  26517. I will check this place out thx
    4
  26518. Nice place! A little demo and reno and that place will be great!
    4
  26519. Hello Michael :)- Great video as you show the "reality" of what is really going on in this most unfortunate sign of the times!!!! Kudos to you for your channel!!! :)-
    4
  26520. I'm still a potential buyer though. I bought a property a couple of months ago for half the current value of the surrounding properties, its a wreck but with good bones. My attitude is there's sufficient buffer after I've outlayed refurb costs that I'm not very likely to lose, and I have additional capital to average cost down if all hell breaks loose. In the medium long run property will go up, and higher than it is currently. Inflation will see to that. Pre 2008 prices would be a bargain even in the next crash. But now and next year isn't the time to load up on debt, once the market has bottomed and clearly shows upward inertia based on sound economic fundamentals then ok. Don't be greedy, you'll get rich, but greedy will bankrupt you if you get it wrong. Amen, here ends the preach.
    4
  26521. All of the squares can be accessed by 'multi-modal' paths, and they're all connected. Also, you can go into any neighborhood. You just press the button by the pad and the arm will go up for you. I think it takes a picture of your plate too.
    4
  26522. Why do people become realtors? Money. What do realtors want? Money. What do realtors care about? Money. Don’t trust realtors. They want your money.
    4
  26523. Yeah, trickle down economics works! 😂😂😂
    4
  26524. Sorry, but I was laughing at the guy with the 34B cups walking by.
    4
  26525. I went to Paradise Cove a couple of times for Thanksgiving dinner with my family. I haven’t been there in, at least, five years, though. It was really nice, then. Very special. It was a unique experience to sit and eat outside with the sand beneath your feet.
    4
  26526. Who purchases a million dollar home in area that has the potential to become drought?🙄.... 😂😂😂
    4
  26527. Just a note: 1:31 "This beautiful Tree..." It's called Royal Poinciana and reminds me a lot of my childhood and the tropics where I'm from
    4
  26528. Report came to light that dates to 2018 where the Structural Engineer cited numerous issues with Structural Walls,Columns and Slabs in Parking garage and Pool Deck and cited previous repairs that had failed. Add to this the subsiding of the Structure 2mm a year since 1990's and you have a recipe for disaster.
    4
  26529. Hey Michael, great video, once again. What sunscreen brand would you recommend ? Water proof necessary?
    4
  26530. I grew up in Florida pre-Disney. St. Augustine, Panama City Beach, Pensacola, Clearwater, and Sarasota are my favorite cities. We are currently in Bradenton, going to be moving to Sarasota in a month. If I had the money, I'd live in Clearwater, St Augustine or Panama City Beach. But I love Sarasota, too. It's a pretty cool place to live.
    4
  26531. Well reviewing your channel most views comes from your Florida videos so just talk about Florida lol
    4
  26532. Great vids.
    4
  26533. ❤ electric car talk! Your right! I actually believe more in the future of micro mobility and e-scooters and e-bicycles (w/ protected micro mobility lanes) than EV cars! 😂. As for mass transit across states, the USA must build high speed rail, like YESTERDAY!
    4
  26534. When demand < supply
    4
  26535. Hi,we just bought a property in Palm Coast, the house is 4 years old ,& 260.000 we paid ( cash) ,my question is : do you think shoul be better to get a home insurance whom covers, hurricanes,& even flooding insurance? ( even if we're not in a flood area,let me know,thank you.
    4
  26536. Isn't Miami nicknamed "The Capital of Latin America"? You don't have live performances from Latino celebrities?? I'm surprised =/
    4
  26537. Anyone that has a mortgage over 65 at this point is crazy. I remember buying nice homes from 1999-2016. My most recent home was a $154.000 purchase in 2016 and I rented it out until I moved into it. The mortgage balance was $80k. I paid it off. I am 50. Why would people 65+ still have a mortgage? That is nuts. I understand that Florida insurers are gauging homeowners. That I do not have an answer for just like property taxes on my homes in Texas going up. Good that I live in New Mexico. Taxes capped at 3% and my insurance in $750 a year. Do not follow the heard to Florida and Texas
    4
  26538. The traffic is crazy in Miami 😫
    4
  26539. Wonder why South Beach has all the chaos and North Beach doesn't.
    4
  26540. Different scenario to consider. What if houses just didn't go down much or go up at all for 5 years. Would that not eliminate the the overvaluation argument. And as you know going nowhere for 5 years is unheard of in Real estate, but it could happen. If you can find Kennedy Space Center and a Big Port and an Ocean let me know. We have launch today and tomorrow, LOL. That was for all the people in Brevard County. Yw btw Michael rentals are coming down here a little. Housing holding firm with some down a few % not many sellers. And my house 2020 sq ft 4/2 split on 2/3 acre hasn't lost a dime. Gl
    4
  26541. Saving and reigning it in, with regard to spending, is key!
    4
  26542. Wages need to increase and CEO's make too much salary.
    4
  26543. How do you know if a property is owned by open door?
    4
  26544. County property tax records are open access and list the owner
    4
  26545. Great vlog, Michael! I was doing some filming in South Beach right before all the craziness! Thanks for cluing me into the beauty of North Beach!
    4
  26546. I like this channel you don’t catastrophize like some of these other channels. Just give the facts in a friendly manner. The walks on the beach also bring back memories of when I lived in Miami over ten years ago!
    4
  26547. Mike your video's are very informative, wouldn't miss one.
    4
  26548. Paying in Cash isn't that bad! You can save a lot of money by not paying any interest to the bank. Imagine what you could do with 40K instead of giving it straight into the bank's hands!
    4
  26549. Michael, you have a beautiful wife.!!!
    4
  26550. Absolutely right thought...also..you will get your 100k subs goal for sure❤️
    4
  26551. Thanks for your video. You words are profound, and unfortunately common sense is definitely not so common anymore. Electric cars and buses can also self-combust (YouTube videos from Asia) can confirm this. I feel electric cars are going to create such horrific and ridiculous problems, and you have summarised these so well in your video. I personally question the precise agenda of any government to try to implement this dictatorial modality. Blessings for all you do from Australia.
    4
  26552. There is no legislative discussion on a stimulus package for 2024
    4
  26553. the banks and the reserve bank interest rates forecast here in australia is incorrect, misleading you into borrowing more money.
    4
  26554. I hear Miami area is very overrated. I’m in the Orlando area and we have beautiful lakes, crystal clear springs, manatees, Walt Disney world, beautiful parks , a pool in my backyard, and world class beaches about an hour away. Is Miami that much better?
    4
  26555. No way that buyers agents are going anywhere and the fact that this even is going to court is crazy.
    4
  26556. There will always be buyers in Florida primary from investors and out of state retirees buying a 2nd home. Higher rates might affect the average joe but dont think it will crash it . I think what will crash it is when they lose 50 % value. Thx Michael.
    4
  26557. I enjoy your videos bud. I happen to be from NJ. Went to retire in AZ and na, went to Missouri and naa. I miss the beach after a few years now. I'll tell the truth..Away from the coast is land of the stupid (And there's no beaches ). I definitely don't miss NJ but I'm having a place built in St Augustine. That should do the trick!
    4
  26558. Guys in Canada if a 3bdrm condo is seeking for 6 hundred thousand right now - How much will it price go down if it crashes?
    4
  26559. Great vid man. I’m definitely going to apply and live here...... in the afterlife.
    4
  26560. Information on auctions please
    4
  26561. Our problems are major, don’t expect Biden to solve them. Until inflation is under control, the Feds will continue raising interest rates. This effects mostly working class and middle class. The rich will pay cash but will look for discounts. Until prices come down, I would anticipate the rental market will remain strong. Real estate is localized and each market is different. Consult with your real estate broker for your particular market.
    4
  26562. Amazing. Intelligent video/audio.
    4
  26563. California is a socialist state. No damn good.
    4
  26564.  @MichaelBordenaro  Plus you are a RE Broker so this is good for you as well. You can also get a sense of other good areas within Florida. And you are able to speak to other Brokers to sharing RE information.
    4
  26565. Im in temecula ca and there are so many properties that were bought in the last few months that are listed again for $100k more than what they bought it for! I always wondered why thank you for shedding some light!
    4
  26566. Great video. Beach is an extra. California is dead.. I just hope they don't spread the crap to Fl
    4
  26567. I like to see the crazy houses. It’s like a peek into a world I would never see if it wasn’t on here. The prices and taxes and magical thinking are fascinating and appalling at the same time.
    4
  26568. Hey what happens to all that stuff left behind from the hurricane? Into the landfills and build or buy it all over again. Our planet has no chance… Looks like a ton of fiberglass from all those boats. Why weren’t they dry docked?
    4
  26569. I’m beginning to dislike investors. Black rock will soon own everything. The middle class will cease to exist in the next 10 years. Good info in the video.
    4
  26570. Not even buying candy this halloween
    4
  26571.  @MichaelBordenaro  haha yeah it's all good. I appreciate the insight. Yeah I am gonna try it for sure. I have been a teacher for 13 years but I am getting sick of it. I just don't think I can do it for like 17 more years. I owe it to myself to at least try something new. I am definitely gonna team up with my buddy.
    4
  26572. Question I came to largo florida for the winter, it's loud and overcrowded. Any idea where to go in florida?
    4
  26573. Well that certainly was different without commentary 🤨. The hike looked wonderful! Yes, Michael, there is a Santa 😂 erm I mean a noticeable quality difference with your new phone … the sharpness/clarity is readily apparent.
    4
  26574. Yes on the new house. It means new roof, new air conditioner, etc..
    4
  26575. Mike You definitely need to give it a second chance Good place to live
    4
  26576. For people with no knowledge of real estate and what is happening this Chanel would help them greatly.
    4
  26577. this is why we keep listening Mike - wishing a Happier New Year !
    4
  26578. I bought a condo in Irvine, ca, in 1985 for 125k at 9.25% adjustable, $1000 a month mortgage, lived in it 1 year & rented it out for that, inflation was 15% my income went from $2 per hour to $7 per hr but my ace in the hole was side job at $16 per hr.
    4
  26579. You were almost correct - I believe the flowering bush you mentioned is a bougainvillea!!
    4
  26580. I have a financial planner; but I make all the decisions and I use him to tell me if I made the right decisions.
    4
  26581. Lol, I have actually wondered this! My plan to overcome it is to hire people to do what I don’t want to. :) What are you doing in the evening? It seems that might be a better time to get inside work done.
    4
  26582. It might sounds ridiculous. ha.. i watch your videos to improve my english. your speak speed, vocabulary, accent.. also the topic.. economy, real estate.. that is my interest. a viewer from Taiwan. love.
    4
  26583. In 99 I was buying a house mortgage loan was 110, grand but I bought a house that was 70 grand and then my agent was was lost for words and wanted me to buy more expensive house but I told her I like the house for 70 grand and I told her if I lose my job I think I can afford to pay the mortgage with unemployment insurance money so I bought the house on a 20 year mortgage loan and sure enough in 08 came and I was unemployed job lost and I payed my mortgage payment with unemployment money and never missed a beat and found another job making 10 dollars a hour and never looked back and payed it off in 2019 and there was a lot of sacrifice but I did not sacrifice the mortgage payment
    4
  26584. I love the Banyan trees! I hate to admit it, but they make really good emergency places to take a pee if you are on a long walk or something. You just go inside and find some privacy.
    4
  26585. 1
    4
  26586. Your credit record is clean 7 years after you legallt declare bankruptcy and after an appointed trusty reviews your income and assets, seizes them, distributes them, and following 6 months of being unser trusteeship. THEN the 7 year clock starts counting. You will need a laywer in most cases to file for bankruptcy and to represent you in court. This will cost money you don't have. If you have a decent job instead of bankruptcy your debts will instead be restructured to pay a potential lower amount back, and your salary WILL be garnished. Also certain debts can never be written off...like a student loan! Certain major debts like a mortgage will be hidden from your record when say buying a phone contract or car after 7 years, but mortgage debt is never permanently wiped from your record if it is another mortgage lender is checking your credit after 7 years. This last point likely differs state to state but is an important detail.
    4
  26587. Kewl. Where are the cheap single family homes at? Surfside? Also some single family homes have a HOA with a lot of rules and regulations.
    4
  26588. Yo man? Did u do a stock market video yet?. I like your videos. Keep up the good work! Working on moving from nj to fl by next may
    4
  26589. Great video as always
    4
  26590. Michael, you're in my childhood hometown! Enjoy. You're missing a few economic points. 1) Prior to both the Savings and Loan crisis and Great Financial Crisis, free market conservatives (Republicans) removed banking regulations allowing individual bank CEOs to make tens of millions in commissions on bad loans knowning full well taxpayers would bailout the mess. These CEOs could walkaway with tens of millions in Taxpayer loan commissions without being charged for fraud. Nearly all housing loans are infact Fed (taxpayer) created money, its rare for banks to lend out their reserves for home loans other than to make an initial loan before they turn around and resell the loan. 2) In general conservatives get kicked out of power for lining their friends pockets(Trump, Bush II), a liberal (Biden, Obama etc) gets in power and usually conservatives get back in power during the following mid-term elections, conservatives promptly kick the financial legs out from the economy and blame the liberal. The Great Depression is the biggest example as conservative blame the borrowers for not paying rather than blaming the banks for not managing risk, resulting in a 80% market crash. This time is different, we're in uncharted territory. Conservatives can't sweep the legs out like they duing my entire lifetime. Also the banks were not "deregulated" as much as Trump wanted becuase the GFC was still fresh. I think were in for years of a choppy mess, a 20% market decline over the next few years based on rents declining by 20%.
    4
  26591. Thanks for this scenic walk through the park & along the beach! There are several OpenDoor listings in my area that haven't sold & are having price cuts. It seems likely that OpenDoor will be ClosedDoor in the not too distant future.
    4
  26592. Another cool video Michael! Couldnt really see you in the movie scene but we get to see that handsome face close up through your videos 😁👍🏼
    4
  26593. Palm Springs cracked down last year. The city voted in some crazy rules. My friend was new at it & just got fined $5000 & banned for life for not having a license from the city. They want their quarterly transient tax fee.
    4
  26594. 👍
    4
  26595. I think you fit into California . Younger and more middle class. In Florida you can be a day laborer and live on the beach in Cali you need real money
    4
  26596. For that data to show so much of California as being "priced right" and not over valued is very peculiar. Makes me doubt the accuracy of the analysis.
    4
  26597. GA price needs to fall - fall fast and alot.. it’s ridiculous how much they went up.
    4
  26598. I moved to SF last year, just make sure that you dont show ANYTHING in your windows. Thatll make it much more likely that you stay safe, i havent been broken into yet and i got my car new
    4
  26599. Cry me a river
    4
  26600. This only the beginning because everything they are doing to fix the economy and inflation is the opposite of what they should be doing.
    4
  26601. Hi Michael - in the 2008 crash lenders had very loose standards. Giving to anyone with a pulse and not much documentation. Those standards have been tightened up in past ten years or so. For that reason, I do not believe the crash will be severe in the near future, if it comes to fruition.
    4
  26602. Over priced
    4
  26603. I like your vids’! Very interesting about the AI gf, would probably be $10 well spent if they were more like training tutorials/games to teach lonely men how to properly treat women, and not necessarily by societal traditional roles but based and real psychology, physiology and how to experience women as actual people. Teach men how to be friends with women first before deciding if they want to pursue a relationship more deeper than friendship or stay friends.
    4
  26604. Yeah call your broker NOT the 800 First Report Call Center. They are trained to open a claim. GREAT INFO MICHAEL!
    4
  26605. I prefer south of Boca Raton all the way to South Miami as the ocean is more prettier.
    4
  26606. They are vacant because they are already waiting for renters.
    4
  26607. That’s a good point that maybe it’s not obvious to everyone sitting on the sidelines right now but sitting on the sidelines collecting five 5 1/2% interest on the treasury bill is way better than taking a chance on the real estate market right now demand should be zero right now. Anybody buy the house and I was just paying too much I don’t know why they do it to be honest.
    4
  26608. Not that you would know this but they pronounce it "Chat-ham" county. Love your videos.
    4
  26609. Red tide is gone for now in Bonita Springs and you might want to check it out. There's some nice beaches, but I like the Delnore Wiggins State Park beach all the way to the end parking. Nice walking trails and good facilities. The downtown has recently been revamped . A little small town feel. For a more high end feel the city of Naples is the next stop south and the Naples pier is a big attraction. I think all the hotels are still kind of expensive on the west coast.
    4
  26610. I think that the numbers are a bit skewed in my opinion for the median income for a realtor. Because the common joke in Miami is that everybody is either a pharmacist or a realtor. Because a lot of people have a license. The real question is how many are actively using their license. But like you said Michael, there are ups and downs.
    4
  26611. HI Michael, thanks for the chat and sharing your thoughts. I prefer AirBnb's myself! I have lived in FWB/Destin and now Bradenton/Lakewood Ranch. I think your videos are very informative. I have wondered about real estate in other parts of Florida, and I appreciate your informative videos.
    4
  26612. I wanted to ask you. In all your wanderings have you found a town on the West Coast of Florida between Fort Myers and Tallahassee maybe even in land from the coast. A town that is artsy and has a couple of shops and a pharmacy. It doesn’t cost a lot to live there. Let me know.
    4
  26613. very nice place for a pit stop!!
    4
  26614. I am a realtor in San Jose. I have a listing where I told the agent that seller it offering 2%. When they made an offer, he asked for 2.5% We countered on price and commission and ended up setting on 2% to buyers agent. I know many agents are still offering and getting 2.5% but I believe that will decrease as time goes on.
    4
  26615. Really rough times we’re living in right now..who knows how long this can go on..months? years? If you’ve followed Michael’s previous advice good on you.
    4
  26616. + there is a massive home owners insurance problem stay out of Florida
    4
  26617. I had a shingle roof replaced a few years ago and the inspector never went onto the roof to inspect. I’m thinking to myself, WTF did I pull a permit for. When I had my drain field replaced, the septic company bitched because the inspector was a asshole. I said to myself, well that’s the guy I want inspecting.
    4
  26618. We were checking the trailer park homes in Lakeland area for our snowbird retirement but the home owners association fee is about $1,000 a month and that stops us from buying it. We own a beautiful three bed rooms town home for about 1, 200 SF with our total monthly expenses between $500 to $700 the most here in MN. This is a four-unit townhouse community with each unit is about $250,000 now and it was only $120,000 When we bought ten years ago after our retirement.
    4
  26619. Too many free money zombies running around the market, squeezing out legit competitors
    4
  26620. Vero beach area...
    4
  26621. Still lots of Fauci cultists in south Florida, spreading their false doctrine of “safety” and cheerleading for Marxists candidates. It’s unfortunate that they don’t recognize what a great governor they have. A handful of school superintendents there are fighting to keep children masked too. So sad, but I’m delighted to hear that you are not one of them, Michael.
    4
  26622. Holding on to my Condo in Boca, we'll see!!!
    4
  26623. The answer is yes, they will and they are going down as we speak. 40 percent over the next 2 years.
    4
  26624. How far is the nuclear plant??
    4
  26625. Carrabelle fl hoa $295
    4
  26626.  @MichaelBordenaro  thanks for your work my friend I really enjoy your videos 🤗
    4
  26627. I cut my teeth on the Arab Oil Embargo in 1974 and the following recessions until 1982.
    4
  26628. Hey Michael: #1, I admire your honesty, and realistic transparency. #2, Doesn't your broker get frazzled in the slightest, when you do so?
    4
  26629. A video on how to buy auction properties from the county would be helpful. Also some examples of the type of properties offered at these auctions would be beneficial -- are they really good deals?
    4
  26630. Hey Michael 😊. I always enjoy your videos as you know. This one’s for the Algo. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    4
  26631. Buying a house with a group of friends is a really bad idea. The odds of that working out is very low for all the reasons you mentioned plus other “ scenarios “ that we couldn’t even imagine. The odds of them staying friends is very low. Don’t do it! Rent something you can afford maybe with a friend , both names on the lease. Wait for the housing bubble to burst/ crash. See what you can afford then. Stop the FOMO craziness! Don’t listen to realtors/ home builders that don’t care if you go bankrupt in a year. They just want to profit from scaring you into buying in this bubble. Don’t do it unless it’s a great deal .Be patient. Listen to Michaels analysis. Based on fact.
    4
  26632. Katy and Humble are basically suburban cities to Houston and a recent study showed more then 20,000 new houses being built there. Same with just north of Austin in Leander where thousands of new houses are being built. Don't ask me about the quality of those boxes, however. Lots of downward pressure on prices of used homes.
    4
  26633. What about Welington, Jupiter or Weston? I liiked your advice on W Palm Bch but has some shady areas. I love Sunny Isles and the beach but pricey.
    4
  26634. Is there any condos that don’t have HOA fees?
    4
  26635. LEYKIS 101 !!!
    4
  26636. The neighborhood looks nice and very well-located. Parking looks like a little bit of a problem; I don't like when people park in the swale or block the sidewalk. I hate the garage-to-living-space conversions. And small lots. I couldn't get my boat into the back yard. The older homes are going to require a lot of continual maintenance. These houses must start at about $500K and up! And property taxes and insurance would be killer. Edit: $800K+ and no garage!
    4
  26637. Hard pass on tokenizing ownership of real estate, esp. Single Family. No neighborhood NFTs!
    4
  26638. I moved from Memphis to Tampa two years ago. The one expense I never considered was car insurance. Everything else was pretty on par with what I expected and not too far out of range compared to where I came from. The car insurance rates were just crazy high. I moved up to the panhandle last February and the rates were still double what they are in Memphis, but at least they weren’t the quadruple rates like in Brandon. All in all though it’s well worth the extra expense to live in FL imho.
    4
  26639. That's a strategic move by Lending Tree. You are indeed correct. They want them to quit so they will not be dinged for unemployment.
    4
  26640.  @MichaelBordenaro  my husband is a Taurus and you guys are money magnets lol and you could still definitely do modeling! You Taurean men all have great hair
    4
  26641. A tip jar, brilliant! 👏 😂🤣👍
    4
  26642. That's good to know, so do people just wait it out?
    4
  26643. Tell your families and friends about Michael channel , let's get the subscribers / viewers up to 100K .
    4
  26644. Your first example applies to a lot of people in volatile industries. Poker players are a great example.. they’ll buy a house just so they never are totally broke
    4
  26645. When are you coming back to Florida ? !
    4
  26646. Little Argentina/ North Beach is nice.
    4
  26647. Michael. Go spend a month or two in Hawaii next and compare it to Florida and California.
    4
  26648. Great video, looking to move to FL one day
    4
  26649. I wanna go to Florida so bad but my wife doesn't wanna move there 😓
    4
  26650. Sound is good.
    4
  26651. Thank you - thank you 🙏. Appreciate all your time and effort. It is very helpful 👍🏻👍🏻
    4
  26652. good overview. some other factors to consider: if you like sunsets, gulf side. if you like sunrises, atlantic side; if you are southern or midwestern, the gulf side is a friendlier, slower culture overall (canadian snowbirds are pretty nice! hah); the east side and especially toward the south has a LOT of people from NY/NJ (and their descendants) with much more of that attitude, culture and vibe. Be very wary of HOA's- the bad ones are a nightmare. If you can get away to the mountains or Europe in the summer, than go for the south half (much nicer winters). If you will be here in the summer, the south half is very intense heat/humidity wise. You can be close to the water almost anywhere, but if you don't need direct beachfront you will save yourself a LOT of money on purchase, maintenance, insurance, etc. by not being on the water directly. Also, there are a TON of cool small towns/villages if that appeals to you. Many on rivers or lakes, too.
    4
  26653. War stories, yes Indeed! And after a life time traveling down the long road of hard knocks, you'r old and decrepit, smart but still at a disadvantage. Listen to Michael, for his age he's on top of it! Good job Michael, as usual!
    4
  26654.  @BajanPana  :)
    4
  26655.  @MichaelBordenaro  I’ve been to Miami a few times and was never able to find one. I’m going to need the exact locations. Please and thank you 😅
    4
  26656. I am seeing new cars selling now for less than MSRP - go crash ! Michael .. which channel to the atlantic is that where you are now ? I would think on a weekend it would be jammed with boats
    4
  26657. iam feeling happy every day.
    4
  26658. All of our roads are public - anyone can drive through
    4
  26659. Hernando Beach - quiet with great people
    4
  26660. Great scenery - that beach looks awesome
    4
  26661. Ya live and you learn. Good stuff Michael
    4
  26662. Apparently it is 40 years old this year and was undergoing recertification.
    4
  26663. I remember the Christmas club. It was issued at the bank. I purchased my wedding china with a layaway plan.
    4
  26664. @10:10 minutes so true! Lately I’ve come to realize how close to the edge most people and businesses live. A couple of emergencies and they are in major danger because they are overextended. My job right now is to stay as far away from that situation as humanly possible. That means doing a lot of things others are not willing to do!
    4
  26665. I recently moved to Palm Coast. I love River to Sea Beach, along with Flagler. Everything is close. You don't drive a half an hour to get to a restaurant or store. Use the toll bridge and you are at Jungle Hut Beach in 10 minutes. You definitely want a pool.
    4
  26666. I own an Airbnb in SoCal. I rose my prices in 2023 and it's been working! But I have a unique property with a balcony view of the North East LA.
    4
  26667. Makes sense.
    4
  26668. Great video man
    4
  26669. I moved from Palm Desrt (Riverside County) last Jan. 2022. The withholding (wages) is 20%. Got to pay for the policies.
    4
  26670. Hi Lizzy/Lizzie!!! 👋
    4
  26671. Lol, buy food now and pay later. The loaners will spin this how they want. But I think people are desperate. Nonsense to think otherwise.
    4
  26672. I would love to get away with not having homeowner's insurance, however; when I think of all the inconsiderate neighbors in my area, I don't even want to think about the problems I would have without it.
    4
  26673. Job well done Michael.. thank you
    4
  26674. I would encourage anyone to visit some of the new home sites and tour. You will be amazed by many rebates, closing cost credits and mortgage rate buy downs they are already offering (none of which will show up in the “sold price”) . I’ve done this in Tampa and was astonished how many rebates and credits they are offering (as much as 9% rebate, plus full closing cost covered, plus 10% building upgrades credit). They are also not updating prices on Zil or realtor anymore. Its just they way they are trying to keep the lid on this thing and control contract cancellations. Its just the start.
    4
  26675. I'd be thinking about it too, if I lived there!
    4
  26676. Institutional investors are also causing havoc on regular single family homes too where prices are going through the roof.
    4
  26677. a roof can last up to 30 to 50 years if the owner maintains it!! be careful with everything the news shows it doesn't make sense for you to spend 35k on the roof to get a 1k discount and they want you to change roofs every 10 years... do an inspection of your roof and switch to another one from insurance companies
    4
  26678. Glad to see you broadening the scope of your YouTube channel, wishing you the best in growing further!
    4
  26679. Congratulations Michael!!
    4
  26680. Don't you find you MUST use bug repellent in many areas you're out and about? We sure did! Swarms of them EVERYWHERE; especially close to water areas
    4
  26681. Million dollar view
    4
  26682. Mike, this video is where my heart is. Please consider elaborating on "the journey of hustling for the initial 20% cash down." Feel free to respond with insight toward moving forward. When all this works out, I hope to be there in person to shake hands with you offering a bottle of champagne. Yeah it's that serious =D (referring to my gratitude.) But currently, I am 'actively waiting' on Divine Provision to tie all matters here in 'Walmart-ville' 72712. It appears I really am stuck in a time capsule until such a moment. On the other hand, after having raised the initial 20% and applying for the VA loan towards a duplex is not a bad idea. Where my wife, who currently isn't on the same enthusiasm - help!, and a teenage son would live on one side of the property for two years, and have a tenant on the other side which could cover the rent at least 60-80% minimum. Then I could HELOC myself toward another investment property and repeat the process of "buy, hold, rent out, and repeat." I am working towards living in downtown Orlando, but also have a Spanish Veranda single unit with a modern interior. It would be such a joy to sit down in person to pick your brain. Not the type of person to follow just anyone's advise, but only those who actually are living proof. You, my friend are such a case. You already have my loyalty as a friend. Realtor to client I welcome also. James Knight.
    4
  26683. 🎉🎉🎉
    4
  26684. Thank you. Very good stuff
    4
  26685. part of why I sold my car. $150-250 a month for car insurance is just ridiculous. Any car owner should be required to have insurance. an inconvenient way to get the price down would be to increase the requirements to get a drivers license. making it more difficult would reduce the amount of bad driving (crashes) overall. In sweden I paid $50/year in car insurance 2012. getting a license there however is difficult and you'll need expensive lessons to pass the tests and the theoretical test required you to study a 250-page book.
    4
  26686. Freedom! lol
    4
  26687. This was so relaxing to watch. You seem so comfortable in your own skin. It's really nice. :-)
    4
  26688. What card can we transfer to win zero balance at this stage we're in Michael ?
    4
  26689. Basically EVERY stat the Fed, MSM and the government gives us is a flat out lie.
    4
  26690. Listening to your wisdom while looking at the beautiful views of Miami. :) Thank you for taking us around and giving us your wisdom. Financial education is not what we get in school.
    4
  26691. Bad ass videos
    4
  26692. Thank you for a great channel.. Im planning to be a snowbird i. Florida, (all the way from Sweden). How much would it be to rent a house like that, for 3-4 months?
    4
  26693. renting an apartment you're stuck with 30+ year old appliances that barely do their job and windows with drafts. They only band aid fix the problem and if they have to replace a fridge or appliance, you get a used one just about as old as the one being replaced. renting sucks unless you're monthly payments are as high or higher than a mortgage which means you're renting a newer place, no tax deductions and no equity being built up, renting is for suckers since the owners with their "but muh market rates" attitudes these days, just a bunch of scum bags.
    4
  26694. Like the vid Mike, thank's for being an honest person
    4
  26695. Thank you for your honesty!!!
    4
  26696. Even though I have nice friends and a long-term relationship with a very good person, I have never been the kind of person who gets lonely, and I'm happiest when I'm alone to be honest. I like solitude and introspection which I feel breeds creativity. Saying I was never lonely I guess is not exactly true, because as a young person I was ridiculed and mocked and very lonely, which is maybe why I got used to my own company and creating ways not to be bored. There's a lot to be said with your own company, and I always feel sorry for the type of people who need constant activity and can't stand to be alone or to have quiet. Anyway, I really like your vlogs , and I like your attitude of admitting your human frailties and not being afraid to show that. Confidence is one thing but I can't stand arrogance and I believe everyone needs a good dose of humility.
    4
  26697. America prioritizes money in this way: 1) Fun and pleasure 2) Investing in the latest fad stocks 3) Necessities In reality, people will usually do better in this priority: 1) Necessities 2) Investments in quality stocks 3) Fun and pleasure
    4
  26698. Strong-arm, not Blackmailed
    4
  26699. We love hanging out with you Mike. Man do I miss Miami Beach. My 6 year old daughter was watching this video with me and was asking who that was and where you are at and she was pretty excited when I told her that I used to live down there and she can't wait to come down and try it. Every morning I watch the Deerfield Beach live Web Cam sunrise and I also noticed that things were looking cleaner. God has it all under control. 🌴😁
    4
  26700. Great you shed light on this, no one else is...
    4
  26701. Is there still a lot of seaweed on the beach? That's not a usual occurrence, right?
    4
  26702. Michael looks like Miami has a lot water areas lakes ocean etc. Are there any mobile homes in Mismi.
    4
  26703. Great and informative video, thanks for sharing, also became a subscriber as well... , Tony j from the Midwest...👍👊🙌🏼👏🏽👏🏻
    4
  26704. Wow very nice place! Enjoy!
    4
  26705. They ought to try a rental auction. Get people to bid on a rental price and the seller can reserve the right to a reasonable minimum plus upon qualifying factors. This might be a good way to "find" the market price instead of fumbling for months to years.
    4
  26706. I’m glad you had a nice trip around the state of FL buddy. Did you make it up to Jacksonville or Tallahassee? For work, do you just do real estate down there? We all think we’re gonna miss here and there but evolution has given us the ability to adapt to our new environment no matter where we basically move to, especially if the next place has better job opportunities. I’m an investor too. What kinds of things do you invest in that you say won’t hopefully make you location dependent anymore? 😃👌🏻🇺🇸
    4
  26707. I love it. I think I'll buy a vacation home for Christmas 2023. Maybe even an investment property for the new year!
    4
  26708. wait,,, maybe LOGIC does matter...ooohhh...
    4
  26709. Wow! I really loved the place! Florida is such a nice place! Thank you so much for sharing this! :)
    4
  26710. 46 pet owners liked this video I did feel like Miami was pet friendly :) loved the doggy part. I'm in Hollywood and I do not believe it is pet friendly. My husband wants to go to Fort Lauderdale and I want to go back to Miami.
    4
  26711. I'm from Illinois as well. And this is almost as though your speaking directly too me.
    4
  26712. Well Mike, we'll be in your world next weekend for a while, let's hope the weather stays nice. Good video.
    4
  26713. So happy for you guys, congrats!👍🏻✨
    4
  26714. You forgot to mention desalination plants, I mean there is a big ocean just the the west of Cali, Oregon and Washington. Just sayin. I love the interstate pipeline idea by the way... whoever needs to pump pays, when it floods in the Midwest they pay, when the west is in drought, they pay. Win win.
    4
  26715. 4:50 ....I'm gonna talk you into a sailboat haha
    4
  26716. To be like that and talk the way you explained you have to eat lots of vegetable and fruit that's why you are so smart I appreciate really your commence,thanks buddy
    4
  26717. Thanks for sharing this one! I've been dying to see more in depth footage of this place. Northern beach looks to be the nicest! Really enjoyed this episode!
    4
  26718. It’s greed and it’s out of control. Everyday folks being squeezed on housing, healthcare, food and other basic necessities. From all sides closing in on society.
    4
  26719. Hi Michael, I love your videos! When you are over 50, you get tired of dealing with harsh winters. You also get tired of northern metro areas that continually raise taxes and business regulations. We also get tired of city mayors who will not protect the people from rioting hoodlums (yes, I'm over 50). In 3 years I will be moving to Florida, and then bringing my wife from Colombia. P.S.: I used to live in Naperville, Illinois. Everything in Illinois has gotten worse.
    4
  26720. Wow, this in interesting. I hope people understand the huge implications of the news you're reporting today. These developments aught to drive Florida housing prices going down even faster at least. We have a sort of similar situation here in California in towns that are at high risk of wildfires or of coastal flooding. Regarding your second point, if real estate is a significant part of anyone's investment portfolio, you are absolutely right that you need to diversify your holdings, just as you would with any other asset class you plan to hold for a reasonably long time.
    4
  26721. How often does it go over 100 in Florida michael? Because in california once you get to 95 it feels like 100. We get to 95 like almost everyday during the summer.
    4
  26722. Hi i live in Broward county and I find that the prices are high. Can you do one for this county? Thank you 😊
    4
  26723. In-laws are in St. Augustine. Bought their house in the crash ‘08, it’s up 40%. They don’t plan on selling for a while. It is way packed up there year round too. It’s not a bargain or a hidden gem any longer lol
    4
  26724. Good morning Michael. I know this is a tangent, I was hoping you would be open to doing a video on the current job market in Florida. I really hope to hit the ground running when I get out there. What industries and skill sets are most in need of people and most desired. Thank you for your consideration and for always taking the time to reply to comments.
    4
  26725. Long Island beaches are beautiful too. The only thing is we only have 6 months that are 70 degrees or higher each day. Appreciate this comparison, but the main thing is how flat Florida is versus how mountainous California is. Totally different terrain.
    4
  26726. In my area Florida I would wait!! Still way overpriced in many areas. And being artificially elevated.
    4
  26727. Florida is crazy bro!
    4
  26728. Finally, let them all go under. Thank you Michael for this informative video.
    4
  26729. Thanks, Michael! I’ve done some terrible things for money. Like, getting up early to go to work.
    4
  26730. This direct consumer support that you are talking about - and I agree with your assessment - is in a sense what was termed "helicopter money"; like dropping cash from the sky onto the consumer even if the support does not come as cash directly into your bank account. It doesn't matter under which guise it is: bankrolling consumption without production (which is precisely what leads to inflation) is helicopter money. It can be rent control, tax deductions/exemptions, child support or even social security in its many forms, some being more blatant than other. As you say the intention behind the various schemes are invariably good (for some) and politicians use their power to turn the supply of money on (usually) and off (rarely) to their different constituencies so they can get re-elected. Basically what politics is, is "bribing" tax payers with their own (present and future) taxes for votes. Republicans and Democrats are equal in their desire to re-distribute taxes to different interest groups (individuals as well as corporations). Republicans prefer to do this while creating deficits (making future generations pay while claiming that future growth and trickle down economics won't require them to) while Democrats prefer to tax current generations, especially the well off. It is up to each of us to decide which is more sneaky.
    4
  26731. Great information, I'm looking for a good deal on one of the Yachts you keep walking by. I see Desantis sign the insurance bill today. Beautiful day on the beach....
    4
  26732. Snowbirds, toll roads, lovebugs, sandflies, sand flees, hurricanes, humidity, rains all the time, lightning capital, old people-Yankees, rich snobs w/boats you couldn't afford the fuel for.
    4
  26733. my bigger brother is wanting to buy a house. And the number one reason I know of my brother is status. He is extremely eager to get one. I WANT TO TELL HIM ABOUT ALL THIS that's going on. Sadly my brother does not exactly want to humble up and listen to the things I HAVE to say. Since I been on FULL RADAR about the falling economy. Apparently my brother is not even looking at all the "news". IT SEEMS LIKE THERE ARE SO MANY PEOPLE WHO ARE SO GULLABLE. I just hope my brother gets an HONEST realtor at least. There is way to get a house RIGHT NOW..... But, the thing to do (if I were to buy a house now), basing on ALL NEWS AND PREDICTIONS. If we want a house NOW! I would tell the sellers, we will buy if you bring down the price 25% (or something). AND to KEEP AWAY from those STUPID subprime ARM loans. Stay with a fixed rate!!! Apparently I can see it myself. That 90% of all sellers probably will not want to budge.
    4
  26734. Looks like a nice place to grow up.
    4
  26735. The flip side to that is unfortunately there will be some who prepared highly and will still fall off and there will be those who didn't prepare at all & go unscathed simply by them being in the right place at the right time...!! Of course that's not the norm . The theme to all of this is "Market Crash Survival" Putting the viewers in the know delivering 💦life jackets that will get them through 🔥🔥🔥. and this is taking a compilation of things well sought out, but very hard to find.... among the obvious. . Keep up the flow chop it up soon Florida Mike🏃
    4
  26736. Being a true Cali elite requires a lot of money from taxpayers. Funny how that works.
    4
  26737. I can see you sitting on that bench 0:52 and thinking Life is Like a Box of Chocolate. :-)
    4
  26738. Tom cruise is old ...u should star in a new mission impossible movie 😊
    4
  26739. I have a vacation home in Panama City Beach . I live in Indiana . Not to far for us or family to drive down to vacation also. We have been coming here for over 35 years . We raised seven kids coming down here once maybe twice a year but now we own a home here. We really never run out of things to do and we live the beaches beautiful white sand . We are now taking grandkids where we took our kids . It is very affordable but u will spend more on food because who wants to cook with so many great places to eat and so many nice bars also . It is a great place . I have been all over the state of Florida except northeast but we do love places like Ilamorada. I also find this place has reàlly changed over the years most hotel have changed into condos. When we were still renting condos we found the Splash was a big hit with the kids. Pier park is great every store u can imagine right across from pier and beach . My electric bill runs high in this heat but besides that I love it here. I am very close to water . St. Andrews park is awesome. It has a calm lagoon to swim in that is great for kids . Lobster festival at Scooners is terrific also .
    4
  26740. The hot hip markets in Metro Atlanta, like walk to downtown Woodstock, is up $100K year over year. Townhome sold on 5/7/22 for $468K relisted on 5/10/22 at $540K. Yes that is correct, three days later and multiple showings daily. Townhome that sold nine months ago for $425K relisted one day ago and is under contract with a list price of $525K. The millennials are all rushing into the market in Atlanta to lock their rate and buy something, anything. If this keeps up, we will sell our townhome next year when we do not have to pay capital gains taxes and walk away with $250K in two years. Move into one of our rentals and wait for the storm. At some point the music stops and someone is left without a chair. Most of the millennials living in our complex have very little furniture. Very interesting times they appear to be house and car poor. Not a good combination when the recession hits in 2023.
    4
  26741. Thanks so much for this. We just got back to CA from South Florida. Everything you have said makes total sense. The minute I got there I just felt perfect-no need to eat, or put on extra clothes. In CA the temp fluctuates so much that I am always having to change something & I fit your def. of fat. But when in FL, I see & know my body more, so I want to be trim rather than covered, & I know I'll shrink just by living there. Also your metaphor about natural beauty is spot on & includes the breeze & the sounds.
    4
  26742. one of my most favorite things about your channel is. when it comes to fall and winter and most our vacations are over for the year, or we live in areas covered over by snow we can still visit a Florida paradise via your videos. thank you for your work.
    4
  26743. I live vicariously thru these videos too 😁👍🏻 Love the beach content
    4
  26744. It looks like a central Florida beach and more for elderly folks, no thanks.
    4
  26745. Supply and demand will always yield boom and bust (Prof. Wolff, 2020---University of Massachusetts at Amherst).....So true....
    4
  26746. Good job ok pay before COVID/ laid off two years even went back to school/ make 1/2 what I did. Now everything the 100% more. Rent increase is nuts. ..... I'm ok with it all crashing otherwise we won't make it.
    4
  26747. HAPPY MONDAY MICHAEL AND LISI 🌴🌄🌴
    4
  26748. I'm just getting small plot of land with gulf of Mexico access then place tiny house on wheels. Probably cost 150k all together in Tampa
    4
  26749. I closed my business in WA state and moved back to my home town of SLC Utah (east bench) because of crime. Unfortunately the liberal mayor of SLC talks the exact same as the mayor or Seattle. More defund the police and 900 limit on theft. Get rid of ALL SOFT LIBERALS. Bring back the rule of law. I’m all for chopping off fingers of thief’s. Found you on wealtheon.
    4
  26750. Looks very quaint, but I see people wearing jackets and it’s summer. Yikes, I bet it gets dam cold in the winter.
    4
  26751. Well I'm not sure. I've been bugging my husband to sell our home and to leave NY. We have no family to keep us here. I've been watching your video's which are very informative. I lived in FL 35 yrs ago and hated the slower pace. Now I would like the slower pace. I don't like having cold weather 7+ months & being stuck indoors. We both love the beach. So I hope it's something we can do. I wasn't crazy about the bugs either. But when it's warm here we have them too but they are mostly outside.
    4
  26752. Highway 1 in California hugs most of the coast but parts of it aren’t enjoyable traveling from Los Angeles area up to Oregon
    4
  26753. Hey! I grew up 30 minutes west of Chicago and now live in Indianapolis, thinking about moving to Florida and working remotely. Do you think it would be better for me to rent a smaller house right on the beach or rent at a really nice apartment a few miles away?
    4
  26754. Michael Bordenaro That’s awesome! I went to Fenton, right next to Elmhurst. Thank you for replying. I think it would be awesome to live on the beach so I’ll definitely check them out! I watched your video on best places to live. I’m checking out Saint Augustine, Miami, and Clearwater. Your videos have been very informative so thank you!
    4
  26755. Do not do a video from San Francisco or Chicago stay away I would like to continue watching you and we would miss you if you’re gone lol
    4
  26756. What is your very candid opinion of the Lakeland area? Please give as much candid detail as is possible. Thank you so very much again.
    4
  26757. Could you possibly recommend any resources that would help me figure out what the average cost of overhead is in Florida. For example: here in Los Angeles county a fast food meal cost upwards of $14 a person. A gallon of “milk” Regardless of whether it’s actually milk or almond or anything like that can cost upwards of five dollars a gallon, and so on and so forth. What if any resources could you recommend that would help me to figure out what the average cost of food and transportation is for Floridians. Thanks so much again bro. God bless you in the name of the Lord and Savior Jesus Christ
    4
  26758. Thanks again brother!!! God bless you in the name of Jesus Christ and thank you for all of your help. I think you’ll be seeing me around your channel a lot for a good while to come
    4
  26759. Meanwhile Las Vegas strip and casinos were packed this weekend.
    4
  26760. You're a Wonderful Father Mr. Bordenaro!!! My Dad was a mailman here 1961-87 retired in Ft Lauderdale, Florida. I sell Postal Uniforms in S.Fl since 1987. God Bless You & Your Whole Family!!! Your teaching encouragement is awesome!! 🙏😇🙏
    4
  26761. As usual I Love ❤️ your videos 👌
    4
  26762. If you own property outright, you don't have to buy insurance, right?
    4
  26763.  @MichaelBordenaro  I'm just saying what professional economists won't say on tv, because there's a lot of subject matter that's off-limits for their audiences and they know it. This is stuff economists will say in private but not in public, which is why it sounds like some amazing truth. The problem is that politics and economics are inextricably linked, and I don't know how political you're willing to go on your channel. It's not a matter of partisan politics, because both parties have screwed us when in power.
    4
  26764. I agree on Naples. I’ve been going there for over 20 years. I bought last year and I’ve noticed a big change in the restaurant/ bar scene. There is a much younger crowd along with the older ones now. We went bar hopping for Kentucky derby day and it was a different scene!! Great city transformation!😎🌴
    4
  26765. Anyone who looks to buy in that community , is wealthy enough to not need a mortgage.
    4
  26766. Thanks Michael - it's nice to get a dose of reality every day.
    4
  26767. Here early! 1 view so far! Thanks for the content and keep up the good work, Michael!
    4
  26768. I heard they are paying $20 in CA. You don't even need a skill. Speak English or even be allowed in the country. Legally speaking of course.
    4
  26769. Nice job, what a beautiful beach! Now if only I could visit!😷
    4
  26770. I lived on w Boone st. And Went to perry school.
    4
  26771.  @MichaelBordenaro  currently live on newburg rd. Belvidere is nice but I'm heading to Florida or Tennessee myself
    4
  26772. Agree, housing prices will continue increasing in 2022
    4
  26773. Very interesting.
    4
  26774. First! 😅
    4
  26775. We have a developer out here that prices his houses ridiculously and he uses the cheapest materials. He still won’t budge on his crazy price tags - but people keep buying his houses!! We wonder if it’s better if we build our own home
    4
  26776. Thanks for the video, would appreciate a video of duplexes or condos for$20000.00 .
    4
  26777. Well said Michael. I'm from California and I have always thought about moving to Florida Way back since 2016, but making sacrifices is what's holding me back. I've watch a few of your videos and I'm glad you're very informative and honest. Keep up the good work and videos coming.
    4
  26778. IMHO, Michael, this has to be the best presentation you’ve done to date! Make more of this style 👍🏻. For me, when house hunting my two top priorities are ... high Walk Score and located on a street with natural gas lines (so I can have a gas range and a whole house generator to not stress during hurricane season)
    4
  26779. Welcome to Napa area!
    4
  26780. I enjoyed watching this video . I mean who doesn’t like great looking flowers and a beautiful atmosphere like we just seen in this video.😍🔥🌴keep them coming Michael , and no you’re not talking too much.
    4
  26781. Great video!!! I've lived here for 32 years and lived in different parts of Florida. My fiancé still complains about the heat and the humidity. He's from NH and had been in Florida since the early 90's. He's build a life here with his career and children from past relationships so he can't leave. Florida is our home base but really thinking of having a place for the summer somewhere in Europe to escape the heat. Just some areas of recommendations if anyone is looking to move into Central Florida are Winter Park, Winter Springs, Lake Mary/Heathrow, College Park, Thorton Park, Lake Eola Heights and Lake Nona are my favorite little towns. I love the local Farmer's Markets, Brewery, Local coffee shops and non chain restaurants. There's a lot to do here and there's lakes everywhere to kayak & stand up paddle.
    4
  26782. I appreciate you walking through each one of those responses and you made me think more about some of the suggestions. I just don’t see how we’re going to build our way out of this problem unless the pace of building exceeds the pace at which investors can buy homes, and I don’t see the pace of building coming anywhere close to that.
    4
  26783. The only thing that's free these days is praying. And we should all do that instead of worshiping the almighty dollar.
    4
  26784. I recently read that to live in the Bay Area you need to make atleast 200,000 a year 😞😞 Let that sink in So literally no teachers, police or nurses can survive there. Bay Area is now a place for the very very very wealthy or the very poor on government assistance. I really don’t think things will improve. In the last two decades I have lived there things have just become worse and worse. So there is no hope for middle class to thrive in California I love, love ,love the weather in the Bay Area.Unfortunately, the weather alone can’t raise a family. A friend of mine who is a maths teacher and has two young kids like me told me she had to cut back on so many essentials to pay rent here. If you are single and will never have kids, Bay Area is amazing. It’s sad that we can’t pay our teachers , yet cater to our homeless ( apologies in advance on the rant )
    4
  26785. You did not look at Good Features. Parks many Waterfront parks Bike and walking paths. Plenty of food and shopping. Sort of countryish....no traffic manicured roadways. Close to St Augistine and Daytona. I am lucky I live in C section canal front. I used Google Maps to see all the Preserved and undeveloped areas....that is what I wanted. You get a lot of bang for your bucks
    4
  26786. Florida is one major hurricane away from having a home insurance crisis, the hurricane just needs to hit any part of the state.
    4
  26787. I feel your pain regarding that listing. I took a similar path after my ego was insulted by more than one unreasonable seller or buyer. The babysitting and then backstabbing by these people made me realize that I deserve better. I'm sure we aren't the only ones.
    4
  26788. I would love to leave Florida for Colorado...just for a change of scenery...get out of the heat and bugs...look at the culture there...you would think Denver would be safer than Miami.
    4
  26789. I agree and for those investors who bought extra houses will sell too instead of rent.
    4
  26790. I’ve lived in NC my whole life, been through some wild hurricanes, and I know how southern weather can be. However, I went to Orlando last week for Disney and I’ve never seen the weather go from beautiful sunshine to torrential downfall so fast. It was like every day there was at least one random heavy rainfall before everything just cleared right back up. Loved the state though. Considering moving there one day. But my girl loves the fall
    4
  26791. still cheaper then Canada!!
    4
  26792. Wire transfers on buyers deposits and agt closing commissions. That is the way to go.
    4
  26793. Intel is laying off bigly, and Genesys is as well. Service jobs will not sustain a strong economy.
    4
  26794. LA county has an app so you can avoid feces and homeless people. They also have poured 1 billion dollars into homelessness which includes toilets under bridges. It has not solved the problem. The cost of living never used to be like this or traffic and now starting to have toll roads. Yes it is beautiful here but I believe people are more friendly in other states. So. Florida for me!
    4
  26795. My kind of place in Florida!
    4
  26796. Enjoy!
    4
  26797. The interest on home loans are also front loaded. It isn't till even like 15 to 20 years that you make significant principal to interest gains. So if you can't afford to almost immediately start this buydown quickly your still screwed, and if your interest is higher it makes it even harder.
    4
  26798. I contacted your insurance company your bill will arrive on Dec 24,2022 and it has increased 100 % ! LOL, another great video.
    4
  26799. Yes Michael! Maybe 2023 my husband & I can sell & buy a house in the location we want to retire to. We can’t wait much longer…got one foot in the grave! Lol
    4
  26800. You summed up the life choices I’ve made in the past 3 years. Most recent being my decision to not buy out my auto lease when it ended. I’ve effectively given myself a $12K annual raise by not having to budget for a car, gas, & insurance.
    4
  26801. NO!
    4
  26802. Since we are on the subject of driving, how about doing one on Florida Tollroads. Florida has more miles of Tollroads than any other state, and using the Sun pass on the Tollroads.
    4
  26803. You always have good advice. Happy Sunday!
    4
  26804. That's because Joe biden's administration have used up basically all the Federal oil reserve time to pay the consequences
    4
  26805. Agreed absolutely sue. Was the condo on the first floor or were there floors below her? If her condo was not on the first floor and the water damaged the condo below, she could be liable.
    4
  26806. I got scammed on Amazon for 380$
    4
  26807. Not sure how safe it would be for a car, but I think I would try an actual mold cleaner, like what you’d use in a bathroom.
    4
  26808.  @MichaelBordenaro  HOORAY Thanks Michael
    4
  26809. Dual purpose, what you explained is exactly what I'm trying to do
    4
  26810. What’s the healthcare like in Florida? For seniors. Affordability and like. You should do a segment on that. Thanks
    4
  26811. I really would like to know Saint Agustíne, thank you for the advice.. One advice, how about Gainesville or tallahassee, or panhandle area please
    4
  26812. You are always spot on! The free market always corrects itself.
    4
  26813.  @MichaelBordenaro  in venezuela an ounce of silver is at least $94,529,900 at least silver has its intrinsic value. The $ = currency Gold/silver (physicals) = real money.
    4
  26814. Great weather Michael. I love these tours. Can you do a tour in San Francisco? Let me know so I can videobomb you guys. LOL
    4
  26815.  @MichaelBordenaro  Go where the views are. Twin Peaks, Golden Gate heights, Bernal Heights. Telegraph Hill (Coit Tower) & Salesforce Tower. A walk along Embarcadero (Red's Java House for burgers). My favorite beaches are Baker Beach, Crissy Field, & Land's End. Ocean Beach goes for miles, but can get windy. Not the cleanest. Santa Cruz is the best day trip. Great beaches along the way (Bonnie Doon, Natural Bridges, Stinson Beach to the north in Marin. Great Boardwalk in SC. Plus a beautiful drive. Watch the surfers @ Lighthouse Point. You can drive on the SC pier. Seafood restaurants there aren't too bad.( Fresh Fish).Fun to watch the fishing boats unload their catch there around 5pm. North Beach in SF has many great Italian Restaurants & coffee houses. House of Nanking on Kearny St. for Chinese. Fisherman's Grotto & Boudin bakery on Fisherman's Wharf. Ghirardelli Square for chocolate. In-N Out Burger is close. Please compare to Culver's. Trip to Alcatraz or Angel Island has awesome views. Sausalito has great views too. Enjoy!
    4
  26816. I'm self-insured for Liability and Fire only. Hurricane coverage is the majority of the costs. Liability and Fire are pennies compared to windstorm.
    4
  26817. I've been working my California escape plan for 4 years. Bought a nice beach house near Rosemary Beach 3 years ago. Thank God, it had doubled in value
    4
  26818. Another influencer recently commented on the Repo market (that repo's and used cars are not selling because the interest rate hike) as most working class people can't afford the payment. The same thing is happening now in the real estate market.
    4
  26819. Michael Bordenaro it’s due to the fact everything is more here. Rent, wages, gas, utilities, etc. They pass those costs along to the consumer. I was up in the Villages a few months back and had mexican food. An entree was $9 vs same entree here is $18. I would much rather live in FL to save the cash!
    4
  26820.  @MichaelBordenaro  yes I have buddies in San Fran and L.A who owns restaurants. They all tell me if it wasn't for the strict regulations and high taxes they could charge considerably less per meal. It's funny how the only reason the cost is high is because of the state. It's not like taxing cigarettes so people don't smoke. It's food lol.
    4
  26821. Michael, do those concepts apply to Canada’s (Toronto) real estate market? You are very informative I’m learning so much!
    4
  26822. I noticed your dad mouthing the words to Rapper’s Delight. He’s a cool guy!
    4
  26823. Historically interest rates are still super low. The last decade (10 year period) they were this low was in the fifties. Who knows what will happen, but I'm not convinced interest rates will stay this low for a long time. I hope I am wrong.
    4
  26824. If you don’t have a home now, there’s a chance you never will. The World Economic Forum has plans for Upper middle income and below. The market for the most part in my area has come to a complete halt. No listing and no buying except for a small percentage. It’s not good. Investors will be back once the Fed pivots so not sure where it gets better.
    4
  26825. Don't go under a tree when it's raining... watch out for lightning... Fl #1 for lightning strikes!
    4
  26826. Couldn’t agree more. I am from England and this morning we had 3 deg and 9 deg in the afternoon. I Love England but so sick sick of this weather. It mid May and you still need a jacket when going out....
    4
  26827. More ppl need to see this!💪🏽💯🔥🔥
    4
  26828. Teachers unions, debt service, corruption, inflation are some of the reasons. Everything that the county buys is more expensive than it was last year because of Bidenflation, and that alone can cause your 13% increase in property tax bill.
    4
  26829. I live in Saint Augustine so I agree 100%... came to visit from North Carolina and we ended up staying we loved it so much! Also— Harry’s is the best restaurant here for sure!! Great video!
    4
  26830. Hi from australia
    4
  26831. Love two jays restaurants.
    4
  26832. Dating apps suck!
    4
  26833. If your getting a skin "pull" just level with us!😃
    4
  26834. Spot on Michael! Your life lessons about college and learning skills is ABSOLUTELY accurate! I've been very blessed to arrive at my destination currently in life. I didn't graduate college yet, I've been an accountant, in finance, done IT and software work and now a consultant for a HUGE consulting company doing Oracle software implementations for Fortune 500 clients. All these skills I've learned along the way and I was never taught any of them at any point in school. I wish more people removed that thought process barrier and found the companies and people who believe in you and give you a shot! They do exist if you seek them out.
    4
  26835. Watching your video it was interesting at the number of newer, luxury brand cars you strolled by.
    4
  26836. If you go to California, check out the beaches in both San Diego (La Jolla, Carlsbad, Coronado) and Orange County (Laguna, Newport, Huntington). I prefer SD/OC beaches over LA beaches.
    4
  26837.  @MichaelBordenaro  Also, a nice small, lowkey airport to fly into is John Wayne Airport in Orange County. It's in Santa Ana, but closer to Irvine. It's my favorite airport to fly in and out of when in SoCal. I'm not an LAX kind of guy.
    4
  26838. Did you film this whole video on an iphone ?
    4
  26839. The rock house, beautiful!
    4
  26840. California real estate market is always crazy. People are paying cash at high price and willing to pay over asking price. So it’s not just in Florida.
    4
  26841. Are there low price small towns in more north central Florida?
    4
  26842. Your one of the only ones who are 💯 accurate on this stuff . Thanks for keeping us updated .. I’ve learned so much from you ..
    4
  26843. i think the title agent got lucky....or maybe just did there job....its what they got insurance for
    4
  26844. You moved up from 100K subscribers to 130K pretty quick!
    4
  26845. I love Miami Beach and the water... looking at places all the time
    4
  26846. Bro, another amazing video of your trek. You might have to start carrying your guitar with you whenever you travel. It adds something uniquely M. Bordenaro. That is a pretty fancy whistle that Lisi can do as well. Maybe create a segment of video where we just get to listen to you play. Its a real treat to hear you play man. Sincere Thanks. The silence is just amazing in that desert. What a vibe of peacefulness. Reminds me of the time I was on the Shenandoah River in Virginia in a canoe with no one around, just gliding along the water. Again thanks for taking us along. Appreciate you Bro.
    4
  26847. Thanks for keeping us up to date! People still are owning boats ! In the northeast I still see people with a ton of money and everything is okay with them. What a joker!😂😮
    4
  26848. Michael,.....I don't think anyone(myself mostly) is too worried about 10 or 20 thousand in price one way or another.The biggest issue to me is the uncertainty of any neighborhood and what it will look like in 1,5, or 10 years. Is it mostly rentals, seniors, multiple families in 1 house? What are the crime stats,....are they trending up or down? Everything looks nice from a computer screen or on Zillow, but,....it is never the whole story,......just my humble opinion. I always say ''Why is someone being so generous with the price''?
    4
  26849. That's part of the risk of living in Florida, I've lived in South Florida for 12 years and have only been through 1 hurricane, Irma, which is a once in a lifetime type storm, and that storm impacted the entire State. We've had some close calls as well but believe it or not South Florida is usually spared from direct hurricane hits from the Atlantic because of how the currents are. Otherwise, all you can do is prepare and if need be evacuate, if you live here you need to make sure you have proper insurance. While hurricanes are always certainly a threat they are not as frequent as the news media portrays them.
    4
  26850. Thank you for your trip there. Downtown Denver is nice. I have always taken a ride on the Free Metro Bus. And we have always stayed downtown at either the Hyatt Hotel or the Marriot Hotel. Me and my coworkers have eaten at the California Pizza Restaurant. I have stay in the area where the old Stapleton Airport was. The old airport close there to the downtown city had changed in a neighborhood with condos, homes and shopping malls.
    4
  26851. There are friends of my Step-Father who also graduated from the Air Force Academy there in Colorado Springs, Denver that stayed in there. They like Denver. Yes, Denver's land area height is a mile high above sea level. I never have felt any different in terms of short of breath. Chicago's land area is high and we get a lot of windy days always.
    4
  26852. Michael, you nailed it !!.....The Best things in Life , are Great Memories ! .......Happy Holidays !...
    4
  26853. Absolutely agree Michael. The market is all about to crumble like a house of cards. Big opportunities coming, just be patient
    4
  26854. Don't move here is becoming like California and NY overly crowded traffic congested. With that said I be moving out of Clearwater after 26 Years.
    4
  26855.  @MichaelBordenaro  NC near the Smoky Maintains plenty of room there.
    4
  26856. I’m 58;… definitely retirement is less because kids’ expenses are gone, no mortgage, no car payment…much cheaper!
    4
  26857. Thumbnail says it all... Florida is pretty flat so you can still get a sunset on the East Coast, especially if you’re on water.
    4
  26858. How do you like it compared to San Diego?
    4
  26859. Really good perspective video. I can totally relate having done a cross country trip from Las Vegas to South Carolina and taking in beautiful Florida! The hardest thing for me was eating healthy as America tends to promote and be happy with the fast food way. I am not and took time to really try to stop at places that offered something different but i was tough. The experience is worth the few bumps in the road so to speak but yeah its not all roses for sure! Being positive and grateful for the experience brings more joy and that will make it all the more of a quality time! Thanks for these videos really enjoy them too!
    4
  26860. You can retire on a lot less just have to be out of debt and live modestly no you can't by a 500 thousand dollar home and live in these high end areas
    4
  26861. Now THIS is a great video for us! We get to see neighborhoods and houses in the Miami area that we wouldn't normally get to see, AND we get a guided tour! Bravo! :-)
    4
  26862. Water level is rising in Miami....even condo are not safe..🙄....but I guess flooding is just normal thing in Miami and they know how to deal with that..take care Michael... thanks for the video..🙂.
    4
  26863. If fed bumps up the interest rate hopefully that will curb credit spending.. there is too much debt out there.
    4
  26864. Rents will come down when housing crashes.
    4
  26865. I love living here..best move I ever made
    4
  26866. if u read PHM pulte earnings report out of their inventory reported only 10% is finished!!!! lol n they plan on finishing the homes now that material costs r declining
    4
  26867. The best of both worlds Europe and la florida.seems st augustines calling u.... Micheal take the plunge.
    4
  26868. Woohooo!!!!😎👏🙌
    4
  26869. From Argentina..loving these videos.. your talk.. everything...super informative thank you so much
    4
  26870. Standard of Living Drops Alot. We are All Ready in a Credit Crisis.
    4
  26871. I don’t understand on why anyone would choose to remote work from home, how are you supposed to get away from the wife and kids then 🤷 makes no sense 😂
    4
  26872. Do these "special assessments" also come into play in gated single home communities?
    4
  26873. 👍🏻
    4
  26874. This comment is for sweet Miss Lisi 💗 Wow, you all are still in Venice? Good for you both🙂 I hope you and Michael had so much fun and relaxation. You've got a good guy there 🤗
    4
  26875. Mike! ThAnks for sharing your advice and experience during the carona virus lock down. Really helpful! Love your at home workouts and tanning !
    4
  26876. America land of the loophole. Yeah buddy you need an exemption will pay up and you got it.
    4
  26877. Wow!!! What a Great place to stay!!! Thanks for sharing with us!!!
    4
  26878. I’m so excited to move in Miami because of you .
    4
  26879. I want to move to Florida to take a gap year then go to school there. I’m 17 and thinking about when I’m 18. I’m scared tho. Like what if I don’t get a job off the bat😭
    4
  26880. I knew you would make this video! This is why I did a Feb vacation.
    4
  26881. So glad it's only a tropical storm. Hope it stays that way. I've seen enough devastation after Hurricane Michael to last me a lifetime but it's Florida. Stay safe!
    4
  26882. Yeah, both walking and driving are great for getting to see the area.
    4
  26883. It means alot of people are screwed.😒
    4
  26884. I'm not a fan of concrete high rises because they don't last nearly as long as a steel building. I think that all buildings over two stories should be made out of steel. Steel has coatings applied or you can galvanize the steel. Problem solved. Just look at all the old steel high rises and old steel bridges.
    4
  26885. Interesting California and Florida both have a highway 1 along the coast
    4
  26886. Currently studying in Singapore, thinking of learning how to fly in Florida because its really expensive here 😶
    4
  26887. Really helpful video, you’ve convinced me multiple times over that Miami Beach is where I should go
    4
  26888. If undesirables move as your neighbors your house will drop in value, if renter, just move.
    4
  26889. That’s a very good thing for those who want to buy a first house. That’s for sure. 👌🏻
    4
  26890. Thank you 🙏
    4
  26891. From what I understand, you can miss payments for one year without any penalties. Nutty! (Gets us past the election).
    4
  26892. Iron sharpens iron
    4
  26893. Thank you very much Michael, your Videos are the Reality and say the Truth. Please keep going!!!
    4
  26894. Thank you michael , we are in the process to move to altamonte ,orlando area my kids wife and i, we dont know anyone there or nothing of florida only YouTube lol,but i sure appreciate your honesty .will keep watching
    4
  26895. oh wow i didn't know we could give recos lol how about Davenport fl andddd hollywood fl any good finds keep it up MIkEY B !!! shout out from NYC
    4
  26896. Bom vídeo amo o canal !❤
    4
  26897. It's always relative to wages and inflation at the time. Human nature always repeats it' self
    4
  26898. Everything is fine 😂
    4
  26899. Great advise to follow!!!
    4
  26900. Panhandle has a lot of hurricanes Nice sugar sand beaches but more like Alabama weather Very cold in the winters Doesn’t feel like Florida I bought in Daytona Beach Shores but was told Palm Coast is very cool and anywhere along Flagler Blvd is desirable Happy Hunting !
    4
  26901. Thanks for the important info 👍
    4
  26902. What do you like more, Miami or the South Bay?
    4
  26903.  @MichaelBordenaro  Do it!
    4
  26904. In FL is the only loan available 20% down? Besides VA? Thanks for the video
    4
  26905. That Nikki Beach setup is phenomenal
    4
  26906. You are the only YouTube I watch daily, keep up your good work. Thanks!
    4
  26907. Well,....to put it in a different context,...the total storm damage is still less costly than the student loan bailout.Let that sink in(no pun intended).
    4
  26908. I bought my first house in 1981 with a mortgage rate was 10%. My friend bought a house around the same time and his rate was 14%. Needless to say as rates dropped over the years both my friend and myself refinanced our homes to much lower rates. My point. It's not as bad now as it was in 1981 as far as rates go. The difference between todays homebuyer and the homebuyer in 1981 is that homes were much more modest back then making them more affordable for all. Concern over the rate you might get was second to financially qualifying for the home.
    4
  26909. Well Fed funds rates at the CME says there’s an 80% chance there is no raise next fed meeting Also, Michael, keep in mind the fear index is a counter intuitive indicator. The higher the fear the better the chance stocks go up. Full disclosure I bought both yesterday and today because of those indicators. If ever in Vegas, let me know. I’d be happy to have lunch and say hello
    4
  26910. That was so great to see! And those house prices, wow! But like you said they are having their moment. The pendulum always swings back! lol
    4
  26911. What does $81,000. in taxes get you in Florida??
    4
  26912. Keep up the good work. I really enjoy what you bring to your channel. Very educational.
    4
  26913.  @MichaelBordenaro  Ya, lots of cool little places in FL. Are you planning on moving to another county in FL or out of state?
    4
  26914. I work for a large tech company. They let go all of our contractors and closed all open jobs. I have seen a job advertisement for an unpaid project managers. It’s bad out here. Still no inventory in my area.
    4
  26915. Hi!! 😊🤗
    4
  26916. That’s my question too! Hahaha. Actually i am looking for a place to live in Miami or west palm beach January to May ! I’m excited and see if Florida is for me . Moving from New York !
    4
  26917. Thanks so much for sharing the info, Michael. Have a wonderful week. 👍
    4
  26918. It's not 2008... Prices are going to go up when they cut home building for 10 years at a time... When the Pandemic is over... The market will change, but Prices on homes will generally increase as they have for generations!!! (Except 2008) It's just during World Wide Pandemics people really can't stand small Apartments and Homes all day long looking at the same four walls!!!
    4
  26919. I'm going to become a professional squatter.... How's that....$50 per hour will not fix this mess that were in
    4
  26920. I agree Michael that everything like stocks, real estate etc. Needs to be a free market. Government do what's best for them making the rich richer and the poor poorer. Bailouts needs to stop. The scary thing is that bail ins might be worse. The banks will take all of our money to stay alive and that will mean no one will get their money. But it is sad that there are a shit ton of wealthy people out there that don't even want to try to even build homeless shelters. I swear it's only the greedy people who are rich. But I only say that because I'm poor lol who knows what my state of mind would be if I was rich. But I'm glad of the person I am being poor. I just do what I can for me, my wife and our 4 children. Thanks for the video again sir. Glad you didn't fall through a hole in this video lol and glad your ok!
    4
  26921. ❤❤.
    4
  26922. Great video!. Good topic to discuss!. Kudos!. Man, I miss playing my guitar. I own a acoustic guitar but I cant play it due to neighbors complaining. Another neighbor has a electric guitar but he plays his outside by the building in the mornings. It sucks doing that so I'm just gonna wait until I move out of here to play.
    4
  26923. Great video! Thanks for the great content and chuckle at the end! 20:28 - 20:55 😂😂
    4
  26924. It would be interesting to see a chart of reported job numbers next to the revised numbers month by month
    4
  26925. I tell you boy oh boy!! Just doing it down there☺☺.
    4
  26926. you're still the only youtuber to actually explain this. People can only afford $x,xxx per month to live. Whatever that number is for you to decide. If interest rates go up home prices have to come down to create that $x,xxx per month cost of living. Vice versa, when rates go down prices goes up because people are willing to pay up to $x,xxx per month. higher rates are better for home buyers because it gives you the option to purchase a home at a lower PRICE. Price is the minimum amount you owe when purchasing a home and you can not lower PRICE after purchasing, you can only raise it (pulling money out during refi). INTEREST you have control how much you actually pay out in interest. You can pay more per month, pay the home off early, buy a home with cash, or possibly refi when interest rates are lower. So if interest rates hit 12% and that forces prices down, you may only pay 12% for 2-5 years, then as long as you don't pull money out during a refi; you will make out like a bandit and actually pay your home off early!
    4
  26927. That Realtor hustled her. Did her take the time to do the math and realize she was winning while renting? If she was paying way more in rent, I’d definitely understand why she did what she did. Some people are paying over $2k in rent but $800 was a keeper.
    4
  26928. Thanks, we were going to visit last week and we were talked out of it. Sanibel is crossed off our list.
    4
  26929. Michail in my area no houses for sale and prices continue climbing😂😊 I think by spring Phoenix will be new California😮
    4
  26930.  @MichaelBordenaro  Then those people in Orlando, that work all week at those Theme Parks, should not work anymore…then the guests won’t have a park to visit. We can’t allow Wall Street to Rape Rent way above people’s incomes, just because they can. In California there are some annual Caps. That’s gotta help. If there are problems within its application, then other laws and conditions should be passed to keep those in check. If everyone just quits, then what? China has people just refusing to pay their mortgages. The UK has people refusing to pay their Utility Bill. That Orlando Mayor had no consideration for all those poor hard working people. It’s shameful. People are willing “to play the game of hours worked in return for food and shelter” You can only kick a Dog so much until it turns around and bites you. I’ve read people are three days of no meals away from anarchy.
    4
  26931. We are trying to leave Denver and now feel like it’s happening everywhere we want to go 🤦🏻‍♀️
    4
  26932. Trust me on this kids U Don't want a Flood or FIRE damaged house.Even IF u get Rid of the Smell it all comes back 1 year or 5 years !!! I did that work no THANKS $$$$. But new is much Nicer to work on..😁😁😁😁😁
    4
  26933. I agree with your rent rather than buy suggestion. Perhaps you could have provided a video of the front of the building and some of the surrounding streets so we can get an idea of the neighborhood and building façade. Informative video. Thank you.
    4
  26934. The problem with the low demand is that the supply remains correspondingly low esp in places where they don’t build a lot of homes- think NJ
    4
  26935. Can you make a video explaining various types of down payment options besides 20% and what’s involved?
    4
  26936. Never ever had a 401k. And I'm 52
    4
  26937. Still feeling desperate over here in St Louis…mortgages rates in the 6s..record high prices, record low inventory levels, houses here are hitting the market Wednesday (with an open house on Sunday 😀) too bad..it sold Thursday with 5 offers 10-15% over asking. 🐊 ☀️ 😎
    4
  26938. I want a place to stay not a house.
    4
  26939. Very nice Michael. I'll be going to St Augustine for the first time in a few weeks as I have good buddies who ust moved there. They are selling their Boca Raton place because it is just gotten so crazy busy in this area and they're moving permanently to their second home right near Old Town in St Augustine so I'm anxious to see what it's like. It's kind of ridiculous that I've lived in South Florida over thirty some years and never took the ride up there so I'm ready to go. But it looks beautiful. Good job as always.
    4
  26940. Good video Mike! I guess that is why mostly retired prefer condos due to less work involved taking care of the property. Also many homes have to abide by HOA rules as well. Keep up the nice videos I like seeing Florida backdrops!
    4
  26941. Hi Michael! Great video, as always. Any thoughts about a place in Miami for cinema? Film studios, movie theaters, or even any university teaching film? Keep up your videos, I'm always following them.
    4
  26942. 卄乇乚乚 丫乇卂卄 乃尺口丅卄乇尺
    4
  26943. One thing that I know about the Villages, it is like 95% Trump supporters. If that’s your thing, you will love to retire there! Regardless of politics, I would rather live by the coast! Thanks for the tour, though!
    4
  26944. Do a collab with One Rental At a Time 🇺🇸
    4
  26945. 15,000.00 just for shingling a roof WITHOUT A SINGLE PIECE OF NEW WOOD... A 880 SqFt single story house basically coated with Tar cost 15 G's??? My home was built in 1923 and the new Code allows using 100 year old wood??? We have a problem with Americas standards!!!
    4
  26946. I like your Mesa! Im thinking move to florida next year.
    4
  26947. Hi Michael, thanks for the great video. Can’t believe that rental prices have risen in fl way more than here in the Central Valley of California! I can’t imagine how people on can afford it here, let alone Florida that has a lower minimum hourly rate. Very sad and we wonder why so many are homeless people in America.
    4
  26948. That was an interesting tour! That "castle" definitely was made by a Florida man! :)
    4
  26949. A good first step would include #1 laws against foreign ownership on residential property. #2 laws severely limiting Corporate residential ownership except for multifamily units protect single family residential in America
    4
  26950. Very Picturesque!!! I felt like I was looking at a "Big Beautiful Jig Saw Puzzle!!!" This would be the ideal little mountain town to make a Charming Christmas Movie!!!
    4
  26951. I watch your channel because you tell the truth when many others will not. You and Lisi are a pretty awesome couple, too. Rock on and keep up the good work!!
    4
  26952.  @MichaelBordenaro  Yes, California and Florida' beaches are really nice. And yes flying many places around the world has been.😁✈✈
    4
  26953. Well, I won't be moving to Florida. Like...Ever.
    4
  26954. Wish you talked more about the safety and crimes rate in each neighborhood hear alot about home invasions and robbery in florida otherwise this series is amazing and appreciate you taking us on a tour
    4
  26955. So many factors! Great info! 😊
    4
  26956. One thing I am very confused about Saint Augustine is why are not the roads repaved -a lot of the roads need to be re-paved
    4
  26957. Micheal, Plantation Florida please
    4
  26958. I dont give a crap about interest rates. I am not in debt. I care about the prices and unless they drop at least 20%, i am not buying any real estate.
    4
  26959. Man, i love your content! You help me a lot to make desiccions where to start..
    4
  26960. Thanks for reminding me how beautiful FL is, I really miss it. It will be interesting to see the differences between FL and California since Ive never been to California.
    4
  26961. What is the website you used to find the rentals at?
    4
  26962. do you own a real shirt?
    4
  26963. Michaee. You mean the TAIL OF TWO LIES.
    4
  26964. I can visualize your local TV/Cable Economics host saying, "And now we'll hear from Michael Bordenaro on south Florida's weekly real estate trends." If they don't presently, they should!
    4
  26965. 5th This is the closest that I've gotten to 1st since he reached 100k subs.
    4
  26966. Love it!!!
    4
  26967. Happy Birthday. I love SFO too, but it's a hard pass on visiting right now. I used to go every spring for a long weekend.
    4
  26968. Real estate is perhaps one of the best hedges against inflation. It's better than gold and it's better than silver for the simple fact that can use it to generate rental income, where is gold and silver just sit in a vault somewhere. Furthermore, real estate is on the tip of the spear of inflation, as increasing rents are one of the leading metrics for inflation, and if you are a landlord, you benefit from that. However, like anything, it's important to purchase at the right price. And right now is not the right price in many of the markets around the country. Not to mention, the return is no better than the risk-free treasury.
    4
  26969. I moved from Rockford to FL 20 years ago. It was one of the best decisions I ever made. Of course Florida isn't perfect and has downsides like anywhere else, but... let's just say that Rockford does not compare favorably, at least to me. Just know that the Florida summers are a lot like Rockford winters in that you're basically stuck in climate control for six months, and that grinds you down. The trudge through a Walmart, etc. parking lot is probably worse during Florida summer than it is in Illinois winter. Oh, and prepare for bugs. They get bigger every year, they learn to fly, they can operate doorknobs...
    4
  26970. Hi I've been considering moving to Florida with my family, I am California and looking for a change I had up until recently my real estate license here California I just let it expire as I had another business going on I was wondering in you could provide more information on how to get a real estate license in Florida and what is the market for a fairly inexperienced real estate agent? Thank you for your videos and hope to hear from you
    4
  26971. Yes
    4
  26972. I wonder how much of this is FL will be more and more underwater with the climate crisis and insurance companies don't want to pay for it.
    4
  26973. Preach! Literally nothing here but homes and more homes. Need to drive a half hour to get any necessity. That can’t be purchased at a dollar tree/dollar general cuz we have more of those then McDonald’s… Which Even McDonald’s is 15 min drive. If you want to go to Sam’s club or Costco Trader Joe’s or whole foods then it’s an 1 hour -2-hour drive…That’s with With no traffic and all that’s along the way is pretty much trees ocean and homes. Also you better have a truck cuz your not gonna want to make that trip weekly. No side walks (in some areas next to main streets we might have a few) street lights anywhere. You spend 1/2 the day in the car. And what you save on house on gas for your car.
    4
  26974. Great video, would love to see you do more collabs with other youtubers, people who are popular on Instagram in the Miami area, and maybe people who are millionaires, and pick their brains, you are a great interviewer
    4
  26975. Have you considered the space coast? Lots of great places to live in and around Melbourne Beach. I like visiting St Augustine but it has a bit too much of a touristy/Georgia vibe to live there IMO.
    4
  26976. Low fixed rates is also why people can't move. And if you lose your job, the inability to move is a whole other problem. Thats what happened in 2008.
    4
  26977. Great video, can you please make a vid of top restaurant in Miami, would love to know your specific recommendations!!!
    4
  26978. If your rent saves you $1,700 a month, does that means if your landlord loses $1,700 a month? Another factor to consider is you rent for 10 or 20 years, after that time, you have no equity. The property valve may also go up over time. Another thing to consider is if you own two $300K rental homes, you will generally have more cash flow than if you owned one $600K rental home. The $600K rental home will generally never rent for twice as much as a $300K rental home.
    4
  26979. $1.2 million, what a bargain 😂
    4
  26980. Im calling Gina tomorrow and asking her what I can get for $150K in the LA area. I hope there's something there for me or Ill have to keep renting here in Mexico for $400 a month.
    4
  26981. Terrific vide, Michael !....Thank you for this great intel !....I'm just curious what % of total R/E transactions are fraudulent ?.....
    4
  26982. Michael Do you know if someone purchased a stand alone home say in the villages area in a HOA, that if they paid cash do they need HOI to satisfy the HOA for some reason
    4
  26983. Oh yeah, so I was thinking maybe sharing experiences before single life? Like are there any funny stereotypes? Did you find fl people more outgoing than up north? Is there a particular age group or race you find more in fl? All those questions! haha thanks for responding :)
    4
  26984. Hey man, I have a question for you. I’m from Pennsylvania and the coronavirus restrictions are only going to get worse. We’re going on almost 9 months of this, and it’s going to go far into 2021. There’s not much life left anymore. Everything is closed and it’s 30° out. I was wondering what the restrictions were like down there?
    4
  26985. Dog peed on wall in mall at 17:31
    4
  26986. I'm all for hybrid models it's a huge for employees, allows for more flexibility but I don't think people work efficiently enough at 100% remote for extended periods of time.
    4
  26987. More good info from Michael....good job....even if its bad....its good...cause NOW we know!!! Thanks M.....
    4
  26988. That's awesome! Good job!
    4
  26989. It's really nobody's business with the history of my rental is who would give away that information to any real estate sites. That's insane, are we in, like Communist territory here? Where everyone knows your financial business?
    4
  26990. Wow, that is awful! Hope they will be able to help everyone
    4
  26991. You didnt understand things are propped up. Thats what your nay-sayers have been saying and betting on. By the way, milk was $1 a gallon in 1960 when that was an entry level job wage for an hour. Today, that WOULD be damn near $20. The fact that milk isnt $20 could be the anomaly - in 1960 budgets. We have come a long way.
    4
  26992. condo no way jose. too risky.
    4
  26993. Great video as always. I made serious mistakes as a previous townhouse owner 1989 to 2018 with home equity lines of credit and credit cards Selling my townhouse in 2018 didn't give me enough to keep up with 156k in credit card debt minimum payments even. After taking care of my Dad full time the last years of his life each of us 3 kids inherited 100k from the Estate. Thankfully since July 1st 2022 I am 100% debt free, never declared bankruptcy and learned a harsh lesson. I pay my credit card off in full every week. Saving cash back no balances unfortunately both of my Debit cards were hacked Spring 2022 so I now use my credit cards just like a debit card paying off weekly and building savings in many savings accounts with multiple credit unions. Saving up to buy a moderate single family in a less expensive more rural area in the future.
    4
  26994. I can't believe people spend over $10k a month to rent? Who does that? Seems like a waste of money.
    4
  26995. 14days is the sweet spot ✌🏾✌🏾✌🏾❤️🤙🏾shout from nyc 🤙🏾
    4
  26996. You've got outliers such as the war in Ukraine spilling out into other countries and china invading Taiwan. That will cause further hardshil and supply constraints further on the economy
    4
  26997. I’m really in the middle of all this I don’t know if I want to buy or rent & in between condo or house 😩 help?
    4
  26998. Hey Michael great job looking to move to Florida and Miami is looking very good !!
    4
  26999. great video, thx 4 being honest and for your integrity
    4
  27000. How much would it cost to rent a 1 bedroom apartment, not near the beach so that its cheaper + all the fees? How much would it be? 1.700$ a month?
    4
  27001. I'm very interested in moving to Orlando Fl any time soon, it is beautiful and lots of things to do there. What do you think about that place?
    4
  27002. Thanks!
    4
  27003. Really beautiful, I’ll be in New Symrna Bch tomorrow and so looking forward to getting back to Florida. Thank you for showing these different areas.
    4
  27004. Our city communities require workers back in the offices for the sake of the work-life community in our cities.
    4
  27005. Does Florida have a local realtor website for outsiders to search? If I am looking at a cheap investment of 2 bed, 2 bath to rent out, which area would you recommend? What would be the pro and cons. Thanks for sharing your expertise.
    4
  27006. Hopefully home prices will get to where they belong, about 50% off. Too bad the Fed and central planning (instead of the free market) created all this pain in the first place.
    4
  27007. Great advice! I thought outside the box, and bought property in Central America. I'm closing on a property in Thailand next month. My savings are astronomical! One must go to where they are treated the best!
    4
  27008. ST augustine bro!!! You got money, can buy a nice house and have space for dogs or whatever you want. I'll even get you hooked on kayak fishing!!!
    4
  27009. Did you look at Yulee? Only 12 miles from Amelia island. Very safe, rural community
    4
  27010. Awesome vid, Mike! We are same stage in life as I'm 38 and I feel you on a lot of the stuff. I'm graying as well. Haha. You seriously look better now than your 20s. As far as money and career....that stuff is fleeting and just a means to survive. People and memories are the best investment one can make and I wish would have spent more time with loved ones when I was younger. Because once people and situations are gone....they're gone on this Earth.
    4
  27011. I live in MA and BOA (formally Fleet) did something similar in the inner Boston communities and destroyed peoples lives. People were just happy with the idea of homeownership but unfortunately many didn't have individuals available to read the fine print. I think the community sued and Fleet/BOA tried to make it right but couldn't.
    4
  27012. I grew up in Southern California, lived 4 years in Central America , 1 year on the A1A in Ft. Lauderdale. I now live in Hawaii on the island of Maui. I will say Ft. Lauderdale/Miami area is as tropical as Central America. HI is actually Sub Tropical. Now my opinion on coasts, I prefer California beaches. Also note, Florida’s coastline is full of high rise Condominium complexes! Blocks the view unlike CA.
    4
  27013. I'm sure renting with an option to buy works sometimes, but I've never seen it. Most of what I've seen are unqualified tenants using the rent-to-buy concept to con desperate landlords into renting to them.
    4
  27014.  @MichaelBordenaro  Yes, my closet friends here have trucks standing tall Jeeps and Land Rivers. So, yes it helps a lot.
    4
  27015. thank you , this is a very sincere and helpful tips for the first time home buyers. also, this is the very first time ever I've placed my comment regarding housing market....🌹
    4
  27016.  @MichaelBordenaro  Great HC here BUT u have to do ur homework or Dead. Foreign Doctors because of DEI can be a Doctor with a B avg and I had a B avg.😝😝😝😝😝😝😝😝😝😝😝
    4
  27017. Looking at your tank top..."Tall and Tan and Young and Suave The Guy Wearing Ipanema Goes Walking And When He Passes Each One He Passes goes "Ah--Great Financial Advice".
    4
  27018. Long as meeting a couple of those hotties in the background is allowed, it's a good beach lol. Cool video theme though, looking forward to more beach content. And I'm 1000% with you on the masks!!!
    4
  27019. You can buy a beautiful house in Spain near the beach for 750k-1 million, and property taxes will be 1k per year. If you have the cash, at least look at retirement outside the US.
    4
  27020. I can rent a whole island for 25k a month 😂😂
    4
  27021. It would be interesting to know how buyer's remorse is depending on price ranges of the properties - are people who bought at under the median price more or less remorseful than those who bought pricier property? - but I guess there isn't that kind of granular data. Keep up the good work.
    4
  27022. Rents coming down quite a bit in the Katy, TX area
    4
  27023. I sold my home in 2020 at the top of market and did well. I have enough for 20% down. I've been renting since then and my lease is due to renew this month in June 2022. Should I sign my rental lease for another 12 months and look to buy this time next year? or should I buy now?
    4
  27024. this video is FAX
    4
  27025. Thank u for all your hard work
    4
  27026. Here is what is happening : the Fed, who control the mortgage rate indirectly through 10 year treasury bond yields, are offloading their balance sheet much more rapidly than initially expecting. This along with raising the rate, they are trying to dampen demand across the board. For housing , for cars, for literally everything. When you print 40 % of the outstanding currency in less than one year that makes dollars depreciate. Which means that you should pay less attention to the price of your property and more attention to the rate. So in summary, if you are in a home that you are getting close to 20 % equity, sell now, especially if you have been invested in that property for more than 2 years and married filing jointly. Move to next property while mortgage rates are under 6%. Do not wait. Sorry Michael, love your content but you are 100 % wrong on this one. - not financial advice, just the perspective from an average person.
    4
  27027. I like you even more now Michael after hearing more about your views 😂
    4
  27028. If a condo building gets condemned by the city, where does this leave the owners of the condos?
    4
  27029. Bradenton Florida is awesome love the beaches there the shelling is great if you love to collect shells beautiful ones Sandibel island is nice great place to get beautiful shells !! You have to take a boat out there
    4
  27030. I just purchased a Honda, financed by Honda for 5.9%
    4
  27031. Thank you for sharing! It's been a pleasure watching your channel.
    4
  27032. Damn it Michael!!! You're makin' me feel old!!! You were born 3 years after I graduated high school???!!! We bought our first house in '93, and rates were still high. We rolled the dice on a 5-year ARM at 4.75%, and were lucky to be able to get a lower fixed rate when the 5-years was up. Now, I'm nearing retirement, was planning on moving to FL to be closer to my folks, one of my boys, and away from the cold. This all has made me have to reconsider that plan...
    4
  27033. Sorry I don't see it , I believe people who bought a few years back have friends and family playing devils advocate. Telling them why would you sell a house with a great interest rate in comparison with now. Smart money is in the bank and dumb money is in circulation,outside of investors and the millennials know it.
    4
  27034. Hi Michael how are you pal. Nice video. Where is this village located? I'd like to go check sometime before summer is over.
    4
  27035. As you know Florida is where I’d like to move to full time, but also have thought about buying a condo there while keeping my house in Chicago & spend winters in Florida & June July & August in Chicago. Either way tho, I’m done with Chicago winters. Last winter we had more than a few days of -30 windchills. Brutal.
    4
  27036. The most likely place to feel inflation is through energy costs (monthly bills). The rest of the cost of necessities can be controlled by saving and shopping smartly.
    4
  27037. Michael, you are presenting the talk very professional. I like your talk so much.
    4
  27038. Merry Christmas !!!🎄
    4
  27039. Are you, Michael, selling any homes lately or when was your last sale as the agent?
    4
  27040. Totally agree with you, Michael, about comfortable temperatures. Give me the lush green landscapes, fresh air, comfortable humidity and cool evenings for great walking in northern California, I live near the gulf coast of Florida where it is still in the 90s. WOW! I'm sick of the heat and high humidity every day and night. Looking forward to November thru April coming up SOON!!!
    4
  27041. Happy New year 🎉 Mike and Lisi. Wishing you guys happiness and success in 2025❤
    4
  27042. The car insurance rise is disgusting because the insurance cost is supposed to go down as the car gets older.
    4
  27043.  @MichaelBordenaro  , I think you are right Mike. This might be a once in a lifetime opportunity.
    4
  27044.  @MichaelBordenaro , it will make me happy. It's where I want to be. And I will still have money left over.
    4
  27045. Well if the building is 40 years old, look out below. On the plus side, maybe your condo owner will give you a discount on your rent to stay there.. Then you just have to feel lucky.
    4
  27046. The backend is always more painful 😆 that's what she said
    4
  27047. Very informative. Good video 👍🏻
    4
  27048. Owning a home isn't the american dream anymore.
    4
  27049. Michael Bordenaro yes, that would be my plan to do all the remodeling at once. I saw a 2 bedroom condo on Hallandale beach for 160,000 but needs updating. I am loving that area the more research I do, and how close it is to many beautiful beaches, and seems like a good area to live if you are still working.
    4
  27050. $5,000 of skin in the game (1%) in a $500,000 home is NOT a homeowner. The bank is your landlord.
    4
  27051. My weed guy still counts the money in the envelope come on bro been 5 years I'm not going to short you come on man
    4
  27052. We moved from Colorado about 6 months ago. we love the weather we were tired of the cold during winter in Colorado. This will be our first summer though my husband is already not liking the humidity too much. Remove the central Florida about 30 minutes away from Daytona, my husband really likes it I'm still getting used to it. It usually takes me a little longer to settle in. We also moved away from all family and stuff so we had no friends or family here so that's been a little harder for me. So we shall see how it goes thanks for the videos
    4
  27053. South Florida has truly gotten ridiculous
    4
  27054. I was widowed young 15 years ago, with a 1 year old. I made my child and my elderly parents my sole focus, and decided that I was not interested in "meeting somebody." Now that my daughter is in high school in another State, I find myself alone, like I was before I met her father. I am definitely NOT lonely! I have an adorable dog, and I live in an amazing part of the Country, where I can be around people when I want, and just with the dog, when I want. Admittedly, I'm a loner by nature, so gardening, lawn work and landscaping, activities I do just with the dog, are quite fulfilling. Meanwhile, some of the most miserable people I know from up North, are miserable BECAUSE of the PEOPLE in their lives!
    4
  27055. I’ve watched quite a few videos of that other channel that shows the boats going in and out. Some pretty crazy stuff, both in terms of the boats themselves (multi-million $ yachts) and in terms of the folly of taking some of the small boats out in rough weather. But you can learn a lot too; like matching the speed of the boat to the movement of the swells. Great stuff, but after you’ve seen 20 such videos you’ve seen it all.
    4
  27056. Off topic but if you have a chance to visit the redwood Forest in California, I definitely recommend! I almost picked California so I'm very interested in the compare and contrasting, especially because my husband wants to go west. Can you include information on the cost of living? And your lady is gorgeous!
    4
  27057. Hi Michael I love watching your videos do more neighborhood tours i have a request for u to tour pinecrest Kendall coconut grove Miami shore these neighborhoods are great i think u would like I've thinking of relocating to Florida myself this is Willie
    4
  27058. Very informative
    4
  27059. live in tampa area for 40years retired now .was thinking of moving to Jacksonville. weather a bit cool in the winter months . i like the low taxes plus no income tax . i like living on beach but would pefer to live next to highway . advantage in tampa u can be in st pete .sarasota or north tampa fast in so fla u can be in boca miami ft lauderal in a flash
    4
  27060. looking great man!! very handsome, I prefer this look. (no homo)
    4
  27061. Can't wait till I can start my new life in Florida. Fortunately I will not live in a high rise Condo!
    4
  27062. A lot of people can't deal w renting 4k per month when owning cost 8k per month...they have been brainwashed Plus u get paid interest for your cash
    4
  27063. very nice beach indeed!
    4
  27064. Trying to guess your accent…. Chicago?
    4
  27065. It's not going to be a question of whether to buy, but where to buy. Really looking forward to some real bargains!
    4
  27066. Of course we are being lied to Michael. Once in a while, they'll drop in a shred of truth, to suspend disbelief, but we're pretty much getting a load of _________________ 99.9999888% of the time. [ BTW, you guys look truly happy. Never forget the day you met. All the best! ]
    4
  27067. Hey Michael...I'd be interested in a presentation of properties on the Intercostal. Condos, singles, prices, availabilities, etc. Also, how would a Canadian finance the purchase. Thanks.
    4
  27068. Thanks a lot, Michael ! Good job ! 👍
    4
  27069. What a beautiful drive 😆
    4
  27070.  @MichaelBordenaro  Yes, you are right.
    4
  27071. Tho I'm from New York state, we lived in Southern California when I was a kid for 2 years. It got in my blood and I always loved it there. Didn't go back until 3 years ago and while I realized that visiting isn't the same as living there, if I were younger and had more money, I would move there in a heartbeat. I've lived in South Florida for 35 years now, I love it and appreciate it, but it's not california. I always used to wonder what people were talking about when they said they missed the mountains of california, I was like, who cares?? But when I was back there a couple of years ago, I was blown away by the mountains and realized how much more interesting the landscape is. Yes there are many negatives to California, especially Southern california, and that being said I still love it and wish in many ways that I had moved back there instead of florida. I have several friends who moved back to California or moved there for the first time in the early sixties. Many people tried to talk them out of it, it wasn't practical, you have so much here, etc etc. Well they moved and are absolutely loving it and have never regretted their decision and have flourished. I don't think you have California out of your blood Michael, and I say life is about risk and if you don't do it you'll regret it someday. Yes it's much pricier there etc etc and I know you know all that already.
    4
  27072. They are beautiful in Florida and Skanky in california.
    4
  27073. Michael how many times have you been stopped by order followers (police officers) just for walking around in public filming these videos for us? And without a crime being committed how many times did they unlawfully demand a form of ID from you?
    4
  27074. Great content! Buying and living on a yacht in Miami, is looking more cost effective and feasible.
    4
  27075. Looking nice..
    4
  27076. true.. the lower the interest rate, the more buyers pre-qualify for loan, the more competition for each listing, the higher the price. Better to get a low price even if interest rate is higher at the time, re-fi later.
    4
  27077. I appreciate your honesty regarding potential home buyers and the reality of FOMO. Me and my lady have moved in with my family, saved a good amount of money and paid down debts, credit in the high 700….and the reality is….NOW ISNT THE TIME. We had a timeline, we have hit it and come to the conclusion we are gona sit this one out(or buy a 5th wheel and live outa that!)….much respect for your honesty in people basically screwing them selves and other home buyers by creating bidding wars/over paying and overall just being financially irresponsible.
    4
  27078. I live somewhere in Florida and it's about 95 degrees Fahrenheit during the summer, It feels like 110 degrees!!! It's like living in a sauna!! ♨️🔥😭
    4
  27079. I agree with this for a plethora of reasons..... Primarily having more of a chance at housing.
    4
  27080. Whipping looters with a cane if found guilty then release. Cheaper than maintaining jail. Must be in private location and not for public viewing as it could trigger slavery images.
    4
  27081. Here in the PNW I always hear how insurance companies won’t insure you if you have a wood stove, or they’ll drop you. For some people and homes, it’s a way of life. Nothing like driving away all that rain with a toasty fire.
    4
  27082. I Love It. I am coming to Florida in another month. Your video will definitely be a big help to me.
    4
  27083. Price, price, price!! Amen. Your house is ONLY worth what the next person is willing to pay for it.
    4
  27084. I left an email to my processor ..If I knew about it .I wouldn't buy
    4
  27085. Let’s get out the violins for those homeowners who have a low interest rate and low property tax rate.
    4
  27086. The way the insurance companies ‘talk’ to one another is via your lexus nexus report. I actually pulled mine once years ago out of curiosity.
    4
  27087. Bonita Springs looks beautiful!! I can't wait to revisit FL. 😊
    4
  27088. I wish you were around in 1998, when I was stupid about owning my home and lost it, borrowing the equity to pay bills. Now there is no way I’d mess with a home equity loan. There are so many calls offering deals to take a home equity loan. I am lucky to have the lowest interest rate right now. Even my own mortgage company calls me. Fool me once shame on you shame me, fool me twice shame on me. When I sell, it is as is. I’m in cali, and renovating won’t make any difference. I hope young people are watching this to help educate them. You explain using your money wisely and understanding home owning. Thank you.
    4
  27089. woow beautiful sight
    4
  27090.  @MichaelBordenaro  thanks very much
    4
  27091. I was suffering withdrawals. Bring the heat.
    4
  27092. That’s the video I’ve always wanted someone to do
    4
  27093. I like your attention to nominal to inflation adjusted. thanks
    4
  27094. Living here forever we know how to prepare for hurricanes we warn newcomers way ahead if you live here you just have certain items all the time if your warned to go you go we’re always prepared and have another location to go to you work together as a family and with friends which is what most newcomers don’t understand
    4
  27095. Happy New Year Jonah!🎉☺️
    4
  27096. The flannel look is nice. Goes good with the salt and pepper hair.
    4
  27097. Michael, are there inexpensive homes in the surrounding suburbs of Miami Beach? Very nice shirt.
    4
  27098. Did your parents egg you on to join the post office lol
    4
  27099. You are on the right track Mike re taxes. I made the same comment on numerous podcasts. Collectively stop paying taxes. Refuse to work.
    4
  27100. wow nice house. I was in St. Augustine Florida a couple of years ago and it was beautiful.
    4
  27101. thank you for speaking the truth Michael, i have learned so much from you, really appreciate you!
    4
  27102. That was nice in this group of buildings. Your first apartment had nice large living space. And I see that maybe the amenities of this one maybe a little older but that is ok. I like the steel sink there. The second one was nice. But after you gave us a the numbers to own or buy you were right. The balcony/terrace should be from the living room unless it would be a rap a round to all areas if the apartment. The last one is really nice to me. It is a smaller building with the pool on the top floor. The balcony/terrace view is ok. Great tour for all if them. Thanks.
    4
  27103. What’s wrong with remote work, ain’t nobody tryna have a boss in their face 24/7 lol.
    4
  27104. Your hair looks great at this length! Hope you and your lady have a Happy New Year! Lumburg lolololol
    4
  27105. No. Lower interest rates do not entice me. Home prices have to drop!!
    4
  27106. yup I feel like moving to Florida was a trap...if I knew of a country to move to that was better I would.
    4
  27107. Fantastic video! I couldn't agree with you more, thank you for putting this information out for everyone to see, your videos are a tremendous help for someone who is not entirely sure if moving to Florida is right for them.
    4
  27108. Also has anyone had a good look at what people are selling now, at least half the listing are dumps, bad shape, fixer uppers… there false ideas of a cheaper buys until you realize with inflation and shortages trying to fix up a place will cost you as much or more than what you would have overpaid with move in ready house and without dealing with repair headaches, crooked contractors.. the joys of construction lol 😂 it really seems like half of people are trying to sell of inventory that nobody else would ever buy just because it looks cheaper.. there’s a term we all know “Money Pit!” 🤣
    4
  27109. that only works if the houses are CHEAP! If the homes are not cheap you will have to pay into the loan to get it to its worth before the banks will let you refi.
    4
  27110. Greetings from Hurlburt Field!
    4
  27111. You definitely need to visit these other areas, when you are able to. They are all beautiful! You will really enjoy their beautiful beaches!
    4
  27112. Michael you did a great job with your information 👏 love the walks
    4
  27113. Well thought of you straight away after I looked at the map. I knew it wasn’t your building. What a tragedy. Very sad. Prayers with them all.
    4
  27114. California Has 2,133 Kidnappers & Florida Has 1,252 Kidnappers... So I Prefer Florida.
    4
  27115. Dude, helpful video.
    4
  27116. I stay at the Waterfront from time to time. When my wife and I want to get away and not worry about drinking and driving. You are in one my favorite spots.
    4
  27117. Daytona is so much fun. I used to go to bike week! I went there for spring break! Brought back some great memories. Great times!
    4
  27118. Have always owned a house and would never own a condo… FEE simple is the way to go…
    4
  27119. Nice to see you doing a neighborhood walk, Michael, and glad you avoided serious injury! I originally subscribed to your channel for its wonderful Florida-related content, but it has since shifted to a focus on the real estate market and, as a result, it has lost its original appeal for me. Obviously, real estate is a strong interest of yours (and your still profession) and that is likely the reason for the change in content focus. Here is hoping you bring back much more Florida-related content in the future!
    4
  27120. Well, property tax depends on where you come from. We moved to Florida from Jersey and the tax here is about a third for a bigger property. Not bad.
    4
  27121. Working at home has many variables. It all depends what you do for a living. If I was an employer, I’d want my employees in the office. If they wanted to stay home, I think I would permit it but would pay them less. Sending emails to your employees can waste a lot of time, is very impersonal, and some things need to be discussed in person. Remote work has its drawbacks. I also think, when the boss not watching, the mice play. I think productivity goes down by remote work. At the moment, American productivity is at its lowest. Yes, this is old fashioned but I don’t think remote work will ever replace the relationships in the office. Having a relationship in person with your boss will never be replaced but remote work. I firmly believe, the mice play when the boss not around.
    4
  27122. check some medium houses for sale let us know ....of course while you guys have a wonderful road trip wish u guys a FUNNNN trip.
    4
  27123. 18 years in my current home .
    4
  27124. I live in the mid-west. I see more & more For Sale signs popping up on existing homes.
    4
  27125. Hi Michael. Even though i am not in the Miami market to buy, its still great to have your insight and expertise on the housing market. I'm in Jersey and the housing market here makes no sense!
    4
  27126. Who's getting that $ 418 million ?
    4
  27127. You are doing a fantastic job Michael with the content and combining it with the beautiful outdoors of South Florida, in my opinion. I think you and I are on the same page in terms of the housing market. Especially when it comes to Florida and other warm places that people want to be. I think people that can work anywhere are driving the markets. The pandemic and the telework technology changed the landscape in terms of doing office work in an office. Consultations with Lawyers to Doctors to Tax Professionals can be remote now, for better or worse. This is driving demand. I think commercial real estate is going to be hurting in some areas with the increased telework as well. RV prices went through the roof because of the demand to be away from people and telework capabilities. The whole working dynamics has changed. Until that settles, I think demand will remain high and prices will probably remain strong. Of course, everything could hinge on the terrible war as well. I'm along for the ride with you Bro.
    4
  27128. Kaiser loves a good strike! I’ve participated in some of them.
    4
  27129. Yes, my youngest 2 kids skipped the college & have great paying jobs .. infact, they are often offered positions at other companies, bc they recognize a good worker who actually does there job & SHOWS UP!!
    4
  27130. Seaside was never super expensive in the 1990s, when I first visited. Dr Beach had rated Graybar Beach there as first or 2nd best beach in the USA. The lack of cars in the heart of town is a real draw - feels like a real community!
    4
  27131. Such sad news. So grateful you are Lisi are ok. So many prayers for everyone going through this horrific tragedy.
    4
  27132. What happened to that girl that's been stalking you ? 😊
    4
  27133. Awesome video as always. Btw, have you ever thought about doing one of these walking tours live?
    4
  27134. Home owners insurance will get to the point of Either you cancel your policy or you keep IT,,IT's what you can afford.
    4
  27135. this is like having Don Johnson from Miami Vice walk is through a historic real estate collapse and I, for one, LOVE IT!
    4
  27136. Do you live in California now Michael ? been a long time i didn't see you in Florida.
    4
  27137. Real estate is very high. Hard to pencil out unless you put a ton down. Luckily I bought a money machine beach rental four years ago before the market boomed on the 30A
    4
  27138. I will move in Florida very soon. I had hard car incident in September and it was long way to recover. And I can't fall dawn now when it snowing o slippery. And I decided to move in Miami because I have one freand there.. Your videos are very inspirational 👏 for me!
    4
  27139. Love the content of this video, and the cinematography, and audio is great.
    4
  27140. Is it expensive to live there? It looks like a nice place.
    4
  27141. A live stream of the implosion would be very cool to see. Thanks Michael!!
    4
  27142. Or just move to Rockford and you don't have to deal with hurricanes and all that stuff 😂. People should just abandon Florida and move to Rockford 😂. Besides that there's way less mosquitoes 🦟.
    4
  27143. Maybe since everything is so expensive and they figure I cant take it with me I might as well live it up while i can? YOLO! Not necessarily the best but it is what it is?
    4
  27144. Based upon this neighborhood, it sure doesn't look like there's a drought. Everyone's grass is greener than green.
    4
  27145. 25k rent a month you might as well buy yourself a huge mansion why bother renting.
    4
  27146. Omg...500k+ for a house in the hood..pass.
    4
  27147. Michael, Been enjoying your channel for some time now, I have a question related to this show that you may be able to answer. We bought a condo early 2020 and let the former owners stay in for almost a year while there home was being built, they had renters insurance so i didn't think i needed coverage. A few months after the purchase, my broker advised me that i need coverage, when we shopped insurance, i had a hard time getting coverage because of a lapse in coverage. When we finally found coverage we had a higher premium due to the lapse . Are you aware of anything like this? Thank You Mark PS: The condo is on the Golf coast of FL
    4
  27148. The Fed doesn't have the tools to fix the supply side of inflation, but the CEO's were watching yesterday, and any prudent CEO just reduced their production. Supply shortages incoming. Increased inflation incoming. The Fed will learn they have the tools to squash supply and produce more inflation.
    4
  27149. Our economy is operating on the principle of: "What is yours in mine and what is mine is mine!" This is what is leading to money grabbing by states, cities and landowners. If as reported,stores cannot afford rent, who looses? The shop, the customers, the city AND THE GUY WHO OWNS THE BUILDING! We then revert to an economy which operates on the principle of "What is mine is mine & what is yours is yours" which leads to a sick & gaunt economy! If everyone works with the philosophy, "What is mine is yours and what is yours is yours." you have a healthy and well running economy.
    4
  27150. I have not seen any price drop. There's more people in our failing country all looking for housing.
    4
  27151. Michael thank you so much for making this video it was very informative. I always wanted to buy a condo but my family would always suggest that I should buy a house. Now that you have mentioned the additional fees that a condo requires I have made my final decision. I now want to buy a house. :) Thank you once again. You are the best!
    4
  27152. Has there been a time where rent prices have dropped just as fast as they go up?
    4
  27153. The more north you go in Florida the more conservative and laid back it is. Western part of the state has more Midwesterners. We plan to retire to Ft Myers/Naples . Thanks!
    4
  27154. Keep telling the truth!! I am sure the people that watch you can find the good stories on their own.
    4
  27155. If I had a girlfriend fiance whatever that wanted me to take a home equity line for a wedding I would think huh so I might be homeless if I don't pay off this $50,000 tab, pretty sure she would be homeless in about a week that's a non-starter
    4
  27156. We bought a house in the Panhandle two years ago and it has doubled in value. Prices seem to be going up everywhere 😕
    4
  27157. Hasn’t anybody thought that the buying frenzy was because of the pandemic, artificially low interest rates, etc. And maybe the buying that took place in a two year period of time was more like four or more years worth of buying. With that being said, because of the sheer volume, the bulk of people have already bought a house. I can’t imagine that this will continue indefinitely (that overwhelming high demand). There are only so many people that want or are capable of buying! This insanity has got to stop! It’s pretty obvious that this was unsustainable and has been to me for some time! Just watching it all unfold. ******I’m wondering 🤔🏡 How many houses are sold yearly in a normal market? More importantly, how many houses were bought in 2020, 2021, and 2022 compared to historical records. I hope you can answer this 🙏😊
    4
  27158. Great video
    4
  27159. There is risk in renting. Rents are soaring. Plus people are gambling on R/E markets taking a nose dive (they probably will, but what if they don't)? My view is to maintain your R/E position. Even if it needs to be smallish for the time being........
    4
  27160. They’re sure not dropping where I live
    4
  27161. Your the best thanka man!
    4
  27162. i've been looking to move there too, but i think where is people there is crime. it's not that bad what they say i think🤔
    4
  27163. Now you're up 2000$ and change... next time buy two.
    4
  27164. Hey, Michael! Your videos are awesome! Could you tell me what MIC are you using? You are shooting w/ an Iphone, right? Send me your link as well, I'll by ;) Cheers!
    4
  27165. I’ll get to the content in a moment, but oh my goodness, how beautiful is that beach?? 💗
    4
  27166. Most idiots will get offended because you have questioned their compulsive disorder to spend on absolute useless stuff hence buy a home
    4
  27167. Pure joy to watch and great inspiration! Thanks a lot and have a nice day!!!
    4
  27168. Holy Cow.....Equity loan's are based on a market value and this current market is artificially higher and increased substantially more than pay checks.....you can get an Equity loan and sit on it till values plumit and use it to buy on the market lows for rentals....but make sure your earning a minimum of a CAP rate of 9.5 or highter after expenses....higher than inflation rate and there is an up side to the deal....i.e. a 4 unit property that the owner occupies that can be added to the rent roll...
    4
  27169. History has an echo. The "reduced appreciation but no price decline" was a very persistent mantra in 2005. Same as in last year. Saw the similar wreakage in late 80s. Led to complete destruction of the Savings and Loan industry which was the largest source of mortgages previously.
    4
  27170. Food and water are more important than gold
    4
  27171. There’s a lot of them in Miami that can afford this home and many more. Go see a cop a movie and you will find out how they make their living. You should know this.
    4
  27172. Oh I do Zillow daily. Lol Hurricane city tho and u need flood and wind insurance You don’t want to live SWF the red algae (tide) 😢
    4
  27173. EV tax credits: Ford just announced price increases for their EV fleet for 2023, near $7000 per vehicle. So much for getting any relief from a so-called" Tax Credit"
    4
  27174. Great video!! Loved the sale boat action you captured 👏👏😊😊
    4
  27175. Jersey shore late fall early winter similar to Cali sea spray?
    4
  27176. Hahaha. I use to see the beach cleaners in the morning there in North Beach. And you are right about seeing clean beaches there. Well, I hope you have received the government financial program assistance.
    4
  27177. Mike, the background ocean is beautiful 😍
    4
  27178. So nice! Thank you
    4
  27179. Mike, I'd like to hear your analysis for the northeast. I'm in Rhode Island and it seemed to have cooled, but we are hearing once again buyers going over ask, especially small multifamily. Crazy to me. I'm an investor in multifam, mostly commercial... sitting on the sideline waiting. Anthony
    4
  27180. wow nice video and nice place. But my wallet can't afford to live there yet.
    4
  27181. Isn't inventory low because of the pandemic though? If that's the case, shouldn't there be a backlog of sellers just waiting to feel as if things are normal enough to sell? If that's true, it would imply we could potentially see a sudden influx of inventory, right? I'm just a dude looking for a house, and I haven't heard anyone mention this aspect yet, so I'm assuming I'm misunderstanding something. Seems logical to me, but I'm definitely not seeing it in the housing market yet.
    4
  27182. Great videos Michael, thank you as always. I kinda think we are on a path to a Great Reset in real estate, at least if Powell has his way...at least we live in a house and location we really like that's been paid off. As long as our sources of income don't disappear we should hopefully be set enough to ride this out...but after that, then what?
    4
  27183. Weird but peaceful. I hope nothing bad happened.
    4
  27184. Where did your wife get her summer dress ? It looks really cool ! Great to see people out enjoying life again. Last summer was a real bummer.
    4
  27185. How much were the remaining holdouts offered initially?
    4
  27186. 🙀 7:22 that idiot should park his car 🚙 on the street instead of blocking the footpath 🤪
    4
  27187. Michael, try living year round in California for 15 years and then talk to me. I am so glad I left that state and don't miss it. It's an over rated state and ridiculously expensive. I lived in SF and couldn't wait to move out. Live in Miami now and like it more!
    4
  27188. everywhere is like that more people equels more crime and thats a fact 😉
    4
  27189. Lol didn't want to spend $500 for the Motel 6 in Destin....
    4
  27190. we needs laws passed regarding AirBB, it’s destroying the real estate market. There’s a reason we have record homelessness and 40 year olds still living with their parents.
    4
  27191. I wouldn't consider buying a home until I see pre-pandemic prices or less. The prices of these homes are artificially inflated and depending on the year it was built the material is cheap. So I'll keep waiting.
    4
  27192. Ive been watching the condo and apartment rentals and Ive noticed what you could get near the beach at say Clearwater is now about 300 to 500 dollars up and MORE since I started looking prior to covid. I was told that it is likely due to people working at home and wanting to be in a nicer climate and near the beaches.
    4
  27193. omg you should get it and rent it out to the bun twins....love it..
    4
  27194. Yeah please make a video from San Fran. I appreciate it. And thanks for traveling USA.!
    4
  27195. Very good information ! I can tell you here o. OHIO they were still evicting tenets here by the dozens. Judges and landlords were very creative and some Judges didn't care about that rule. I guess it depends were you are and how the law there reacts to these mandates.
    4
  27196. I have a 2013 Dodge Avenger, I bought from a dealer in 2019 30,000 miles supposedly. It doesn't start in cold weather. Around 10a.m-11a.m it will start and do light dances for about 20- 30 min. All the lights come on. I refuse to buy another car right now. After it warms up the car runs good. I just don't make to many plans too early.😅
    4
  27197. Very perceptive Michael. Of course you're right - it's the timing that is difficult. I think it's safe to say that there will be consequences for expanding the national debt by what will be around 25% year over year by the Spring. Then we have the stock market casino that makes the lead up to 1929 look like a very tame event. I think most Americans are going to be caught flat footed. Will there be bargains like 2008?
    4
  27198. Mike! Question: now that the secret is out, the fact that all these beach properties and condos deteriorate significantly through the years, why would anyone buy old properties at prime value?
    4
  27199. Thank you.
    4
  27200. Thanks for another great video with lots of info. You are the best.
    4
  27201. I visited the area 3 weeks ago with the intention of staying in Destin but that airbnb was in Fort Walton area (Eglin). Absolutely love the whole area. I love aviation and seeing the fighter jets and helicopters along the beach was amazing.
    4
  27202. Tampa didn't get hit
    4
  27203. Central Florida has so many new apartments going up it's out pacing subdivision
    4
  27204. If Florida had mountains, it would literally be a carbon copy of Puerto Rico with the same climate wildlife and palm trees.
    4
  27205. Way too many lawyers, politicians and doctors also
    4
  27206. If the office is going to loose the tax break just open the location in a more business friendly location. Never allow government funkies to dictate how you run your business.
    4
  27207. Real bad what is coming!!!
    4
  27208. Thanks for the video. It's very helpful. I'm moving to Sarasota in Aug. Could you recommend some realtors there?
    4
  27209. I just left cape coral and went there . I did not like any of the beach’s especially Fort Myers beach the water stunk and then I found out that really it’s just all a bunch of Rivers so disappointed.
    4
  27210. Thanks for the home insurance information. It applies to us with a massive new policy increase here in CA.
    4
  27211. This was a masterpiece
    4
  27212. I'm in houston Mike first time home buyer. Just got a job paying me alot more and it's still tight with these prices. Man it's crazy out here, good content as usual bro
    4
  27213. Come for the titles, stay for the content🤓👍✅🎉
    4
  27214. The same hair color, sunglasses, same content with the tank tops amazing!!! Honestly though I enjoy both of your channels please keep knowledge coming 🙏
    4
  27215. I heard that story I live around there I hope that wakes up other HOA’s for the boards to get scared enough not to steal from us in future
    4
  27216. The government paying people anything to change their minds about their own houses is insane. If its a Tourist Area and the workers can't afford to survive on the wages, guess what? The Tourist companies pay them more and then CHARGE THE TOURIST MORE FOR SERVICES. And if there are normal non tourist businesses in the area and they are being gentrified, they should move to a neighboring city/town and the company can help to relocate their employees if they want to retain them. The government involvement causes nothing but problems, high prices and more socialism.
    4
  27217. It’s the corners that I like! Beautiful area!!! Crypto currency in pension funds?! Uh oh!
    4
  27218. Hi is it possible to get a rakuten referral link from you so I can take advantage of the $40 sign up bonus?
    4
  27219. Florida has the best Beaches Better than any other state.
    4
  27220. Great Video!, I lived in beautiful Southern California all my life, moved to Florida December 2019. i must say you are right about allot of things night entertainment, Food! i do miss that! my favorite part is living by the beach. Florida has been good to me so far! stay safe :)
    4
  27221. I seen a nice foreclosure yesterday. I’m wondering why it’s still on the market.
    4
  27222. Very nice tour of your home town.... Wow!!! A Tornado Sculpture!!! First time I have seen one of those!!!
    4
  27223. Thanks Michael!
    4
  27224. We would like more videos . Keep the good reporting coming!
    4
  27225. I love this man... Which parts of FL have more bugs? and which parts are more prone to devastating hurricanes?
    4
  27226. I need a house.
    4
  27227. Everyone in this "job market" is not making 100k /year. The median income is more like 50k and the cost of living (inflation) doesn't work on 50k.
    4
  27228. Great suggestions & saving this list for more FL adventures! I love heading to a place in FL I’ve never been! I could spend the rest of my days doing that & be totally happy.
    4
  27229.  @MichaelBordenaro  Miami drivers are famous for cutting in front of people without putting their signal light on. Drove me crazy when I lived there. I think they're worse than New York drivers. Since I had to leave alot more people now live there. So driving to Fort Lauderdale from Miami now takes 2hrs instead of 1h due to the increased population.
    4
  27230. Been wanting to live there since 76, 1st time I went. Now 56, semi retired, kids are out, house is paid..told the wife I’ll have oranges on my license plate within 2-3 yrs. We just spent a month there in our RV. I love FLA even more now. Just have to decide where.
    4
  27231. It's good to plan for retirement but still balance that with enjoying now and prepping for eternity. We are not guaranteed tomorrow.
    4
  27232. So true! I’m 69, my daughters are all in their 40’s…both generations feeling it & are upset about it. One daughter stays stressed out all the time because “a lot of things aren’t like they used to be.” I personally miss stability & a strong President.
    4
  27233. Even with good credit I don't feel I should be indebted I still drive the same van 1994 Previa 07 gs350and 2011 ls460 All paid off My fico now @850
    4
  27234. No to a govt home insurance program. Keep govt at a minimum, military, police and the basics. Medical care, child care expenses and home insurance are not in the constitution. If you want to live in an area prone to flooding that is on you.
    4
  27235. Yes I can 🥵
    4
  27236. I can I’m from central Brasil where you can fry a egg by simply throwing it up in the air
    4
  27237. Michael Bordenaro ok awesome I will check it out. One more question I don’t drive. Is public transportation decent out there?
    4
  27238. I think that the reason why Tampa is hotter than Miami is because most of the winds coming from the Atlantic Ocean are cooler when they hit Miami coasts, but then they have to go inland and therefore getting hotter when reaching the Tampa area, oh! by the way , great videos ! 👍🏾😉
    4
  27239. A real good "reality Check" on the current Housing Market.....The next stage , in this horror show, will be credit drying-up...The World Economy is contracting, net-disposable income is rapidly getting less and less !......Michael, as I said before : FOMO will lead to PLMO ( Please Let Me Out ).....Time will tell.....Thank you
    4
  27240. I have a HELOC and it was a half a point below prime and when rates started going to 8% but back in 2020 when the money was sloshing around I picked it up and paid that thing down to almost done
    4
  27241. Fernandina Beach is a nice charming little city, too. It's much smaller than St. Augustine though.
    4
  27242. Thank you so much for sharing these videos. This was just what I needed to commit.
    4
  27243. Thank you Michael….keep up the good work
    4
  27244. Great tips, Michael! It definitely takes a lot more strategy and effort these days, when trying to purchase a house! It can be done though! Happy New Year!
    4
  27245. nice
    4
  27246. Nice videos like always, but I’m curious to know if you did leave Miami where else in Florida would you like to live after coming back from that interesting road trip?
    4
  27247. Home Depot is horrible. Look for a gaggle of women standing around talking and ask them for help, and one of them will make a call for someone to help you and then they go back to their conversation.
    4
  27248. Property taxes are far higher than insurance and there seems to be no way to lower them until the Fed allows a crash to happen.
    4
  27249. Is there any legal reason not to mention the full names of the inept and fraudulent agent and inspector? Can't get the money back but they should at least lose their reputation and it could help prevent people from getting suckered by them again.
    4
  27250. Very glad that you got to see this area. I hope you liked Destin a lot, too! Beautiful area! I wonder if you ended up making it to Pensacola. All nice areas up there in the panhandle, though Panama City is a party town, and not where I’d care to live. Destin and these other areas are nicer and calmer.
    4
  27251. In Palmetto just saw a 4000 SQF home with a 450k reduction, from 1.350K to 950K
    4
  27252. Great job 👍🏻
    4
  27253. Congratulations! Love the channel, Mike. Thanks for all you do.
    4
  27254. Is this more about Miami/Miami beach area specifically or is this about the whole metro area?
    4
  27255. you are walking my cars that cost $100K. I read home interest bank mortgages here, in San Diego are averaging 7.3%
    4
  27256. Need not pay student loan till Next October 😂 and elections in November 2024
    4
  27257. Let’s keep looking at those overpriced properties. It makes me feel better to see way overpriced property somewhere else. Most homes in my area are nearly double what they should be. Very few new listings.
    4
  27258. The pictures of you and your girlfriend in CA, what beach was that ?
    4
  27259. So when and where are you moving to? TN, GA, CA, AZ ?
    4
  27260. Starting to feel like the deck is stacked
    4
  27261. How’s the job market for someone who is an IT Professional?
    4
  27262. A dirty developer is going after that yellow building. It is a big property and they want to take over. They invoke false safety claims to cover up their theft. But their timing is probably off. The markets can no longer support it. The only ones getting screwed for sure are the people who lived there or owned the condos there. All older waterways or open ocean properties are in similar risk.
    4
  27263. Since you asked: I'm 78 (one of the last of the Boomers). I live alone in a small house I've owned since the 70s. It is paid for, and I have no mortgage. I live on retirement and SS. Inflation tightens my budget. I hope I stay healthy enough to die here, not go to a "home." Actuarial tables say I will most likely live 11 more years. The house will be inherited by my older sister or her kids. They will sell it. It will be torn down. Somebody will build a $1M house on the lot, which is in a desired area. The taxes are high, but I no longer have to pay school taxes, which are 60%.
    4
  27264. Can you imagine the poor fella who marries the young beauty before ever trying out the goods!? He finds out on his wedding night he married a "Frank and Beans".....who looked great in a dress! Lol. Timmy C Arizona
    4
  27265. So helpful! Thank you!
    4
  27266. I love seeing the Miami sites
    4
  27267. Hey
    4
  27268. ❤ Mcpoop😂
    4
  27269. Great video. Hey this will probably never happen but do you think you could do a video on Miami public housing? I live in public housing but it's very new apartment complex in Liberty city called the new Liberty Square. Very updated modern apartments that is mixed income from people who are on HUD, Section 8 & none of those. The entire neighborhood is going through some type of redevelopment/gentrification. I understand if you don't want to do a video on this but I just thought since alot of public housing in Miami is becoming modernized (specifically in the inner city) it would be a great video idea. They are really getting rid of the "projects" aspect of public housing.
    4
  27270. The worst thing we can do is remain silent against this idea of 40 and 50 year mortgages. We should not accept that.
    4
  27271. Funny, because there was an article two days ago on cnbc on how millennials want to retire at 59, and how to make it happen. Retirement is all about planning, and you need to set your sights on living longer and things costing more. When planning for retirement, always go overboard, and you’ll be fine financially. And forget about saving 10%-15% of you pay. It’s more like save and invest 25%-30% of you income. I have been doing this for years, and I am not rich. I live beneath my means, and I always make sure to pay myself first. Also, scrap any debts that are not paying for assets. That means do not finance anything that loses money, such as a car. If you need to finance a car, you obviously can not afford that car.
    4
  27272. Excellent video, Michael.
    4
  27273. if you need help in central florida let me know ;)
    4
  27274. It's boring here in Ocala fl I've been here since 2003 and next year will be my last year here.
    4
  27275. Omg omg the collaboration 😆
    4
  27276. When you know you're at a top..."What if the Housing Market NEVER Crashes?"
    4
  27277. Fascinating topic regarding the stress of buying a home. You seam like a very relaxed, balanced person, that takes the up and downs in stride. Getting a house deal closed sounds like herding cats.
    4
  27278. Very helpful -Comfotable approach How bout Pensacole - Spring Hill - Punta Gorda - Venice Beach
    4
  27279. I’m from New York looking to move down to Florida (don’t worry I’m not bringing New York politics down there) lol but I’m stuck between Sarasota and st Augustine, I’ve been to Sarasota a few times but not st Augustine but we are checking it out in October, the main reason we’re interested in those 2 areas is because my wife is a teacher and both areas have great schools
    4
  27280. When you rent, you pay market prices. This means the highest possible prices at the current date. When you buy, you lock in the price at time of purchase, and you gain the equity at the time you sell. There’s tax advantages when own property. There’s more reasons beyond what I merely listed.
    4
  27281.  @MichaelBordenaro  thank you!
    4
  27282. My rent is significantly lower than my mortgage would be lol...like $1500/mo lower
    4
  27283. LoL! LoL! Funny!
    4
  27284. Interesting side note, in Japan demographics are freeing up a large percentage of ancestrally owned housing. Much is being abandoned by heirs due to repair and carrying costs. Up to 30% of housing will be Akiya housing in Japan by 2030. Homes are being sold cheap by the govt.
    4
  27285. I'd be more concerned with the Government knowing those things rather than lenders. And if lenders know, you can be 100% certain that the Government knows.
    4
  27286. What a lovely community
    4
  27287. Good talk boss. 👍
    4
  27288. Great Video, Michael. Many years ago, went to college, it was right on the west coast in San Diego. I would always watch the sunset when I could. I think California is calling you. lol
    4
  27289. You have to grab a tent and sleep out there for the night. That is the real experience.
    4
  27290.  @MichaelBordenaro  🤣
    4
  27291.  @MichaelBordenaro  haha come on man you only live once. It's a fun experience for sure.
    4
  27292. Make sure you swing by shasta lake
    4
  27293. St. Aug. is really a good town to visit!
    4
  27294. Hey so I know this is off topic but . I'm moving to Florida in March i make about 60k a year. I'm 24 single and love the ocean . I'm wondering what city in florida you would recommend or neighborhood.
    4
  27295. Thanks for sharing for this! I honestly prefer renting and putting all my money on crypto currency, (Hex / Helium / Planetwatch) to name a few.
    4
  27296. Gorgeous area😊
    4
  27297. Prayers lifted and thanks for update Michael
    4
  27298. Those are definitely mobile homes. I think manufactured homes are more like modular homes.?
    4
  27299. Love your channel. But a crash in transactions is bad for people who work in the business. Less deals happening. But it doesn’t mean prices are coming down. Anyone waiting to buy will just pay more.
    4
  27300. What percentage of your sales are due to death or divorce?
    4
  27301.  @MichaelBordenaro  I was hearing that the Beaches there are open
    4
  27302. My taxes dropped in yavapai county Arizona. We Voted to end supplemental funding to the schools.
    4
  27303. Free money from the government, not wanting to pay for rent or student loans is one thing. Those people are a waste to society! WFH is another. Work life balance is better, saves on gas, maintenance & stress in traffic! There is nothing wrong with that. If a company is able to have their employees work from home to begin with, then just let it be. That doesn't mean they are lazy or don't want to work. Especially in times like these, it's nice to be able to save when you can.
    4
  27304. Can you play loud truck backup beeper and leaf blower sound effects from 8-11 to drive them out?
    4
  27305. 0:53 What's wrong with it?
    4
  27306. Could you explain the renter's insurance? Flood and damage cost, deductibles. I read people move there and didn't know the cost of insurance Thank you 😁
    4
  27307. Thank you!
    4
  27308. They are NOT PIVOTING IN 2024.
    4
  27309. YES- Compilation video, please.
    4
  27310. Man my cash is just burning in my hands. So hard to wait for the big deals to come. But I'm biting the bullet and I'm going to go nuts when things go BOOM!
    4
  27311. Hi Michael! I’ve been thinking about relocating for quite sometime. Absolutely love FL. I’m currently living in Upstate, NY. Can you do a video on the smaller beach towns like Boynton Beach, Deerfield, Boca, Delray? I absolutely love Boynton Beach and I know there are a lot of different neighborhoods etc. I’m only 30 but prefer quiet which is part of the reason why I fell in love with Boynton Beach but would like to know more about the different neighborhoods etc. Thanks so much!!
    4
  27312. It’s best to start saving in your 401K early in your 20’s and keep it up. Give a baby 1000 bucks at birth in a retirement fund and it will be substantial at 65. Drive the same car for at least ten years. Pay yourself first. The baby boomers who don’t have much in retirement often did not have a plan. Financial literacy in this country needs to be taught in high school. If your house is paid off by the time you retire, your expenses may not be as high as you think. You won’t be paying into your 401k and won’t be paying into social security once you stop working. Investment property is good if you don’t mind being a landlord.
    4
  27313. Oh don’t worry, summer’s are generally 90° and 90% humidity so it’s just as unbearable as south FL lol 🥵
    4
  27314. Less than a minute in, cop car, in background, with lights on.
    4
  27315. CA is DEFINITELY hotter than FL! 115 in the summer is normal. We got up to122 this year. CA is nowhere near as glamourous and fun as everyone thinks. Traffic all the time, we're so crowded!
    4
  27316. Punts girds area please
    4
  27317. Hi Michael , love your common sense approach to today's economy.
    4
  27318. Michael, when living in Florida is it better to own an apartment instead of a house so there's no risk of a hurricane destroying the whole house? 🤔
    4
  27319. Thank you for sharing that info about the jellyfish, I've always been freaked out about them in the past when my family and I went to St. Augustine! I'm looking to move to northern Florida after I finish my MBA at the end of the year, so I guess I'll just have to get over my irrational fear 😂
    4
  27320. Beach'in bro.:)
    4
  27321. So interesting to see all the different vibes throughout Florida!!!
    4
  27322. Yea Cali is beautiful but cold waters lol. Cool perspective on the marriage thing, In my opinion its also just a piece of paper but to some girls its everything which sucks for us lol
    4
  27323.  @MichaelBordenaro  you should do a video giving young guys advice like in their 20's. Most men think they almost have to be married like robots
    4
  27324. Very good recommendations. Thank you
    4
  27325. SPOT ON MIKE. PRODUCING AN ELECTRIC CAR LEAVES A CARBON FOOTPRINT THAT A GAS DRIVEN CAR DOES IN 78000 MILES
    4
  27326. Looked like a very nice place to spend the afternoon.
    4
  27327. Thanks again Michael for great honest, real information! Love the neighborhood. I was thinking about the rent vs owning a home. I would like to renting right about because I need two new ACs. 10k each. Wow! Oh well👍
    4
  27328. How is red tide?
    4
  27329. Can't go snowmobiling in Miami....ever
    4
  27330. Sounds good man! Gotta do a jam session at the north beach bandshell.
    4
  27331. I'm thinking Hawaii or Australia.
    4
  27332. GREAT DEAL, Michael !!! It's a win ..win...win for everybody......Including the late Lady's Family, who probably wanted a quick sale to divide the cash. Bottomline : You and Lisi have the security of owning in a terrific building in Miami Beach !....Hope you both Enjoy your new Home for many years !!...Godspeed.....
    4
  27333. California is steep. What about Hawaii? Its just as expensive but I think the quality of life is 10X. My goal is to end up in Hawaii in 5yrs.
    4
  27334. By city I could not find data other than Zumper supporting Miami ahead of LA in terms of rent. It most searches it ranked 9th or 10th. For housing cost it’s not even in the top 10. Inflation is closer to 15% when adjusted for 1970s CPI formulation. So much of housing cost increase is countrywide inflation. Interestingly, wages haven’t budged. Great video. Cheers!
    4
  27335. I got quoted last week 8.5 % bank statement loan maybe it’s higher today who knows but I don’t care I’m not doing anything
    4
  27336. 🏖I have a friend who rents an old condo on the beach and she is in constant fear of falling through the floor because of termites 🐜🐜 . Floors are shaky and the floor tile is loose. The HOA does little about it and acts like it's nothing. How many homes and condos collapse from termites and wood rot? Probably has black mold also. Everyone just acts like it's normal for living on the beach.
    4
  27337. Great info Mike. Thank you. Hey, the background is different. So are you moved into your new place. 👏
    4
  27338. Like the voice over. Yep, at the 1:55 mark if you looked out to right there is a nice pier there. At 3:50 is Marcinski park. Volley ball courts to your left and a dog beach to your right. If you ever come back here at night, those parking spaces you see at 4:25 are great places to park and go sit on the beach with the wife. At 12:15 it looks like you're on Beach Rd entering Jupiter Island. It's probably one of the most wealthiest places in the country. Tiger Woods has a home over there. You can type in Jupiter Island into Google and click on maps to see how small it is. I grew up just outside of Jupiter and you're right, it's terribly expensive. We're looking to move, just cant afford it here anymore. It's a great area, lots to do, just too expensive if you're looking to purchasea house. The taxes, especially in Jupiter, are a killer. Loving the videos, keep up the great work 👍
    4
  27339.  @MichaelBordenaro  It is getting to be that way with the developments they are starting to put up. Oh well, there are PLENTY of other cool places in FL and I am enjoying the new content your putting out showcasing some of these areas. Looking forward to the next one.
    4
  27340. 🔥🔥gushing out real life wisdom like you're capable of nothing else!! another fun one, cheers!🌠
    4
  27341. I confirm. Median prices in paulding county ga already dropped $38,000, ~8% June to August.
    4
  27342. LMAO, I was about to tear into the Bitcoin Comment, and it told me "unable to post comment, please try again". I refreshed the screen and the comment was gone.... I feel cheated
    4
  27343. Mall is busy but doesn’t mean people are buying…. They probably figure good place to stay out of the rain/ no body working??? Thanks for video
    4
  27344. What part of Florida is best for nurses
    4
  27345. Downtown San Francisco looks like a ghost town retailers and restaurants shut down closed bankrupt
    4
  27346. Wait real question..... Why would anyone rent a home for 50k a month???
    4
  27347. As usual, another great video and some excellent viewpoints.
    4
  27348. Another good one Michael. As you stated these properties are for the rich. Working class people (or even middle class) are not living on the beach. The problem with Miami and other parts of Florida is rents/mortgages going up fast for instance Hialeah compared to wages.
    4
  27349. Florida needs some New Yorkers to up the I.Q. Levels
    4
  27350. You got a Mesa Dual Rec and a Boss SD-1 behind you..... I already trust this guy
    4
  27351. Change your channel name to more bad news Mike lol! We need some good news please!
    4
  27352. Great idea, Michael! LOVE your channel. It is my go-to for all things Florida living, especially South Florida. I strongly relate to your life outlook. As a lover of the tropics, I have always loved Florida (despite the heat) and am strongly considering living there someday.
    4
  27353. We need the Boomers (65+) folks to start exiting the housing market. Once they being unloading their fully paid properties we can start seeing a big enough uptick in inventory.
    4
  27354. Its starting to look like Florida is wanting California rental prices. Not gonna happen. I know of a few places in Venice beach Cali that had rentals for $4,000 a month. much nicer than these places in Florida.
    4
  27355. Michael, banks and loan companies are getting so desperate I am hearing ads on the radio telling people to cash out now and refinance when rates go down. But people don't realize that rates aren't going down for years. Most will end up losing it all.
    4
  27356. Thanks for the vid! What areas in FL do you think have good ROI from investment properties?
    4
  27357.  @MichaelBordenaro  there is no need of gun, Guns should be safe at home or at shooting range, carrying out in a pocket is equal as terrorist, that’s why people in America kill, having a bad day Boom 💥.... Guns should be illegal to make better living ,no need of guns only at shooting range or at home for protection or in Car in the trunk,,,
    4
  27358. Might as well get a trailer
    4
  27359. So what are the advantages/disadvantages for our economy when house prices themselves are unaffordable vs the increasing rates making financing them unaffordable. Looks like it’s just shifting the profit from the individual home seller and agent over to the banks.
    4
  27360. It’s good to know more about you Michael, thanks for your life story here very interesting! You should think about doing weekly live videos to connect with us your fans and it will boost your views and metrics, also we’ll be able to give you donations live for the good job you are doing for giving us info about Miami and shooting great scenery for us!! Please do it.
    4
  27361. New homes in The Villages and Sumter County are still selling at a brisk rate - my new home purchased in 2023 has increased in value by 20% - I would enjoy seeing you do a video on the real estate market in The Villages. My homeowners premium only raised 3 % year over year.
    4
  27362. I've been to a lot beaches too. The best thing about Miami Beach...is the young, sweet, hot, tail that walks around all summer.
    4
  27363. Love the message.
    4
  27364. Wait…the layoffs will spike after Christmas. Then what?
    4
  27365. They Love it....NO BIG CHAIN STUFF.....throw back with miles of empty beach....fishing....some good BEACH FRONT EATING 2nd floor ocean views. The residents want it without modern sprawl and mega developments. Like leaving NYC and going a 100 miles upstate NY different world !
    4
  27366. It's not greed. It's taxes. The government sets the price of rent more than the landlord does. When a property is used as a rental, there are no tax protections available like a homestead exemption. Therefore, when property values rise, taxes rise along with them. When the government overspends on war, welfare, corruption, etc, inflation increases, property values rise, and taxes rise as well. Government is the culprit from any angle. They created the inflation, they set the taxes, they force minimums and maximums of rent, they decide who lives in what property and for how long, and they even take properties by force when it suits them. Same with price gouging. Only the government can price gouge because only the government can force you to buy something priced higher than the value you place on it. The only thing you should wish from government is for it to leave you and everyone else alone.
    4
  27367. The fed will raise interest rates, another 25 basis points by year's end.
    4
  27368. Michael, you've probably heard of the world economic forum and Klaus Schwab it's founder and chairman since 1971. I don't think he's over concerned the about the world economy teetering on the precipice of collapse. I'm 62 and always amazed when I see younger people walking around with an premium cup of coffee from an expensive coffee retailer. I can buy a 3lb container of good coffee for under $ 9.50 (on sale) and will last me at least a month. I don't know about these younger people, but I want to retire someday! Keep up the good work!
    4
  27369. They are in denial, they cant believe they missed the train 6 months ago :) In shock they pull back hoping for train to stop again. But next one's gonna be "riksha"...
    4
  27370. People don’t like to face the truth until they have to.
    4
  27371. I just received news that approximately 100,000 high paying jobs are being lost in Denver today from several different companies. Knowing that our Fearless leaders are willing to do just about anything to manipulate us makes me somewhat skeptical about these GDP numbers.
    4
  27372. I’m planning on moving to Miami in December but as an international student so I’ll love to find a nice one bedroom with a reasonable price.
    4
  27373. Never stayed in a Air B&B. I would like to buy a place and make it an Air B&B. It would make far more money than having it as a rental. Expecialy in Florida and large vacation areas. How ever I would want it to be a min of 3 bedroom or more and I would definitely have to have a better line up and be available around the clock. That's how you get repeating people comming back and sometimes people are willing to pay more for top service. I have 2 regular house rentals now in Ohio where I live. I make myself available to my tenants 24/7 and I keep the properties kept up and things are fixed right the first time. No duct tape repairs alowed. Not many places take pride in customer service anymore.
    4
  27374. Michael Congrats on 202K Keep up with the good job !!!
    4
  27375. The government in all 50 states need to stop blocking permits and zoning to build tiny homes or container homes!!!
    4
  27376. Enjoy and live the life not the thing we are living nowadays as life. Great advice, and great video as always. Sending peace and light all the way from freezing cold Canada
    4
  27377. I loathe south beach. But what about Aventura?
    4
  27378. 24:00 Another amazing video, making excellent points. Thank you, Michael! I could not agree with you, more. AI cannot replace reality. This will continue to desensitize human behavior and erode real-life, quality standards.
    4
  27379. Omg yeah it feels like a foreign country its bulkshit they assume you speak soanish disgusting actually..I grew up in Omaha for 19 years then Tampa then Miami the last 4 years..spending the last year if my 20s in NYC and moving from Miami to their next week..I've dealt with language barriers every day and it's so depressing and alienating and I cant take it anymore so I'm out..I cant believe foreigners here try to force their language on us and discriminate against native born Americans..I worked for prestigious top medical device companies in Miami and faced the same racism and discrimination by my foreign bosses..and they always spoke spanish in front if me knowing I dont speak it. I was the only American on my teams usually and know they talked shit about me behind my nack..cant believe I started my professional career out in a city like Miami. Yep the customer service here is BS these slobs have no manners or respect unlike any other normal American city..they take a third world approach to everything here. The midwest is real America and we should take pride where were from but here they spit on you it you're not hispanic or speak Spanish
    4
  27380.  @MichaelBordenaro  Thank you for your kind words and understanding 🙏🙏 I know NYC has a lot of immigrants but they speak English out in public and their native tongue among each other in private usually. I had one Latin friend here who got offended when he visited Denver with his buds and they walked into a restaurant all speaking Spanish and the waitress got them a new waiter who could speak Spanish lol it's like duh what do you expect. How long have you been here and plan to stay? Is this a place you could call home?
    4
  27381. Wow! Your modeling pics look awesome.
    4
  27382.  @MichaelBordenaro  ok will check it out. Thanks your channel is do informative. Really thinking of leaving NYC.
    4
  27383. A family member can't wait until they can move out of the State of New York. New State ( 100% ) Nickle and Dime Price Gouging. The Cost of living there to expense. I have heard MORE B/S about New York than any other state in this country.
    4
  27384.  @MichaelBordenaro  ok great to know. Thank you. 👍
    4
  27385. woww i needed those 15 sec of the beach Mikey wowww your God sent ruff times over here in nyc one lubb lol
    4
  27386. Question for you Mr. Bordenaro . when you first moved to Florida was easy or hard to get use to the Humidity and do you have any regrets . so many lately are wanting to move to Florida , i hope Florida does not run out of room before i get there. LOL. Love your info video's . your hard work will pay off soon. God Bless you Michael
    4
  27387. If those people have been renting this house out obviously they don't live in it and probably bought another house years ago. It didn't make sense to me that you said they would have to buy another house.
    4
  27388. We have always always always always in Massachusetts and Maine had the problem of not being able to hang onto mobile parks if it’s a nice location with garden/farm space.
    4
  27389. Renting in northern Michigan is very high
    4
  27390. So true about Naples. Great for retirees and families. But someone hits the master switch at 9pm and the entire place goes lights out.
    4
  27391. New subscriber!! I plan on moving to Miami and this was really informative!! Can’t wait to checkout more content.
    4
  27392. it is truly amazing what you do, Mr. Bordenaro. Great work!
    4
  27393. I don’t know about your logic about prenups lol…. Try telling your wife to be you want her to sign a prenup and watch the look on her face. And the. The passive aggressive comments that come every single day after about it. I tried and I gave up
    4
  27394. really nice choices Mike!! that place in Clearwater looks like you'll run into a couple of alligators on your way to the car in the morning though.. haha. Amazing how much prices have gone up since you made that video! Where was that house on the beach btw?
    4
  27395. We actually bought three income properties before our house.
    4
  27396. My sister just got a $17,000 bill after her condo safety inspection! No way will we consider a condo purchase now. ? Won’t this soon affect Hotel’s as well. They are just like condo’s.
    4
  27397. I been to Destin and Fort Walton Beach
    4
  27398. You are right about gold and silver. I'm pretty heavy in precious metals. If you know what you're doing you will do well.
    4
  27399. ❤most informative BS free youtube channel
    4
  27400. Michael, thanks for the beautiful boat walk! If parents can help out their kids, there's nothing wrong with that. But adult children also need to face challenges. Every challenge contains a lesson. You won't learn the lesson unless you go through the challenge.
    4
  27401. Maybe mid to high 90s heat index in late April in Miami, but certainly not real temperature. There were two days above 90 in April (91 & 92 degrees). In May there were 3 days at 90 or above. I agree that Summer comes earlier in Miami, but I just wanted to level set a bit. Also, the thing about Summer in Miami is that it's very consistent day in and day out for months. The highs in the peak of Summer will nearly always be around the 90 degree mark, and the lows will be around 80 for most of the Summer. This July, Miami Beach has had one day at or above 95 (96 degrees) while Pensacola has had 4 such days with 3 at 95 and 1 at 96. Yeah, Florida is long as Hell. If you drive from Pensacola to Key West, it's a very BIG trip.
    4
  27402. The core of the 2008 bubble is the same shit as this one, prime borrowers leveraging themselves too far. In 08 it was HGTV invoosters, today it’s tiktok invoosters. People will learn the hard way once again.
    4
  27403. Justin calculates that after 30 years, the house sells for a net profit of $293,000 versus straight renting for a total of $190,000. Not included in the sale of the house are any closing costs, and the maintenance costs may be underestimated. The net rent figure of $190,000 confuses me: If the rent scenario saves $800 a month, that adds up in 30 years to $288,000. However, that is without what Albert Einstein called the "Seventh Wonder of the World - compounding interest. At a 5% annual compounded return for $800/month after 30 years, that would add up to $641,260 for the rent savings. Deduct capital gains from the 5% (let's say ROI is now 3.5%) that adjusted figure is $497,823. Realistically, a 5% ROI for 30 years is very conservative as the average is closer to 8% if you had it invested it using dollar cost, averaging in like insurance the S&P 500. ....I also like renting for what I call "slum insurance."" If you stay in the same house for 30 years, what if the neighborhood gentfifies? Or if the local government gets outrageous with taxes, regulations, etc.? If you rent and the neighborhood or town goes downhill, you can move much easier. I think Justin did a great job with his data (great spreadsheets), which over a 30-year period shows about a $103,000 advantage for buying. For that small difference over 30 years, I might be inclined to maintain rental flexibility. I have both owned homes and rented homes. If I'm wrong, free to chime in.
    4
  27404. Good to see you again Skippy...😊
    4
  27405. Hitting those beefy cords!
    4
  27406. Good video... but curious, are most neighborhoods around Miami that dumpy?
    4
  27407. If rent > mordgage +expenses you buy or you still wait ?
    4
  27408. Sarasota seems great but we are looking at Cape Coral because our budget is lower that what we want ;)
    4
  27409. They always COOK the Numbers........
    4
  27410. Hi Lizzie. Nice to meet you!
    4
  27411. Yeah that last house was nice that would probably be $600 G up here!
    4
  27412. 2 million here
    4
  27413. Seasonal here in Central coast California Beach ⛱ town @72 F 👍🤠
    4
  27414. How is anyone support to feel supported by gov't and lawmakers when they are doing things like this to citizens? It is utterly mind boggling. Imagine you have a rental property with a mortgage. Of course, there are all the other carrying costs involved. Depending on where you live, a tenant can live in your rental property WITHOUT PAYING A DIME...AND...HAVE A PET WHEN IT SAYS, "NO PETS" IN THE LEASE...AND...HAVE MORE PEOPLE LIVING THERE THAN ARE PERMITTED BY THE LEASE (USING MORE UTILITIES THAN ONE PERSON)...AND...THERE'S NOT A DAMN THING YOU CAN DO ABOUT IT!!!
    4
  27415. If people followed Dr Sten Ekberg you wouldn't need as many healthcare workers.
    4
  27416. I NEEEDED this one. Why is it soo difficult to get over saving up the first 20% down for my first rental property while at the same time reduce the margin of the debt-to-income ratio....??
    4
  27417. 4:32 look like a zombie apocalypse
    4
  27418. Love da content keep it up man.. but i dont agree for a governtment national insurance i dont own i rent and i dont agree using my taxes to pay for some other guys house wtf.
    4
  27419. Orange County says no yo tiny homes. Unless your parking in a Rv or tiny home community
    4
  27420. Since Real Estate and home prices are regional and unique to particular markets. So overpriced homes on the East and West coast will eventually drop while houses in the Rust Belt and Midwest will rise a little or remain at current prices.
    4
  27421. a 2million dollar house now, once only cost 50 thousand new!
    4
  27422. love your realness!
    4
  27423. You do realize that the same thing happened in the early 2000s with Florida. Over building and prices going up and as soon as 2008 came along everything dumped. Same thing will happen again in Florida especially if the climate change hurricane comes through again this year.
    4
  27424. MB, please visit Sonoma County - Rohnert Park, Cotati and Santa Rosa
    4
  27425. I don’t know if I should watch this video from my lake house, farm or beach side condo… just kidding I’m poor…..
    4
  27426. Interesting reminder that Florida was already populated before the spaniards arrived.
    4
  27427. South Beach was awesome to live when I was single. I really liked Coconut Creek though, more quite then I could go to Boca, ft Lauderdale, Hollywood, Miami. Seemed like the best of all worlds. Now with family, thinking about more of Palm Beach counties. Let me know your thoughts Mike, thanks for the awesome vid.
    4
  27428. Another great video Michael! Good points I never thought of.
    4
  27429. I know right, those are the best, lol
    4
  27430. PIVOT! YEAH RIGHT! they say it because people are stupid enough to believe it. Housing inventories will rise, why? reduction in work from home, recession (meaning less holiday homes because they wont be able to afford top keep them), air bnb bust when the recession hits (shirt term rentals will convert to long term rentals), rental prices will deflate causing investors to sell, interest rates increase making it more attractive to move from housing asset class to other classes like the old fashioned money on deposit in the bank, office space will convert to residential accommodation at low cost when the recession hits. The list goes on and on. They are all very logical points.
    4
  27431. Merry Christmas Michael and Lisi!😊🎅❤
    4
  27432. Mortgage rates will go to at least 12% and stay there for forgeable future. Especially if democats win midterms. Treasury printed almost $9T within year and a half. It's going to take a lot of hikes to siphon that. Add to that a war and Arabs cutting oil production. First batch of hikes didn't even make a dent in inflation rate. Fed is going to get more aggressive. If this was purely US problem, I'd probably say it's not going to last. But this is the world problem, there is no safe-heaven for investments anywhere. So super rich super connected need high yield bonds to stay afloat.
    4
  27433. Wish I could move back in with family or friends…. Would in a heartbeat
    4
  27434. Both ideas were great! 😜🥥🐶
    4
  27435. You are so right Michael, we know of a guy who was a sneaker salesmen, then became an agent. Did good in the crush, but Stevie Wonder could have sold houses then. Now he is gagging. Only you pros will weather the storm.
    4
  27436. Black Friday sales ...1st $975 is free in CA per Gascon will set you free. The good thing is they are wearing masks, keeping people safe.
    4
  27437. This is interesting im gonna follow your channel I hope u make follow up videos
    4
  27438. I can't wait until all the CA and NY buyers try to sell at the same time... wait for it.... wait for it.... 😀😎
    4
  27439.  @MichaelBordenaro  that’s why I would never return to my old state. I wish it were easier to meet people down here though.
    4
  27440. This was again another great video with so much information. I had not heard of the companies complying with their employees to continue working from home. I am stuck in the belief or opinion that this is a market like never before because the government we have right now is more involved than ever. What’s up is down and what’s in is out. I’m going to try a sit for awhile and watch. Everything is related in this case. Sal Alinsky’s “ Rules for Radicals” , one rule: to create fear among the people because that’s how to control them. I’ve never seen the paranoia in society as there is today
    4
  27441. That's the first thing I look at, school district and history of price. Great video!
    4
  27442. Great list
    4
  27443. I moved to daytona last summer! Great city
    4
  27444.  @MichaelBordenaro  I saw on the news, the dine and dash is worse then ever. Alot of damage is happening. 128 guns have been confiscated. Granted not everyone is a mental person. Yet 1078 arrest last weekend makes it bad for all. Over 1000 arrest and 200,000 people is not as bad as the news is portraying it. The traffic has always been like that during spring break. It's like that during rush hour. Lol. Really miss the culture and life of miami right now. P.s. how is covid in north beach? Any news of anyone catching virus after vaccination? The only thing holding me back from moving back to south fl. Is the coronavirus.
    4
  27445. prices keep me from buying I could live with a 6.5 at 2012 prices .$22,400,000 I'm going to La Jolla ,Del Mar , laguna beach maybe a private island
    4
  27446. How is that even possible with high wages and jobs everywhere. Beyond that isnt a short sale better than a foreclosure for the buyer?
    4
  27447. Lol....when you have an unwanted Tennant like that story....you take a little bit of that money and go purchase you two leg breakers from the rough part of town..... problem solved
    4
  27448. Hey Michael, So glad that you are in my "Old Stomping Grounds" in my former "Home Sweet Home" in California!!! Living in Manhattan Beach, Hermosa Beach, Redondo Beach & El Segundo is the best!!! I can personally tell you that living there as a local you feel the "Small Town Beach Atmosphere", however, you have everything that you need of a big city & are centrally located to everything you want to do & experience!!!
    4
  27449. psst- Katy Texas is pronounced like the girls name Katy.
    4
  27450. For the algorithm.
    4
  27451. GREAT video! LOVE seeing you and Nick together, watch you both every day you put a video up. Thanks for all the information.
    4
  27452. California go through water droughts too because of they don't get a lot of rain, which leads to the wild fires
    4
  27453. I've been trying to get my scum bag tenants out of my property in LA for the last 3 years. Thanks to the eviction moratorium in LA county. Don't rent your home in LA county it's a disaster
    4
  27454. are family would like to say thank you because of you we are moving to florida we already found jobs and will be moving to the sarasota area in 3 weeks yyyyyyyyyyyeeeeeeaaaaaahhhhhhhh
    4
  27455. Nope, I could only do about $15k for repairs and, honestly, I would probably use a loan for about 10k of that 15k because I don't want to totally deplete my finances all at once.
    4
  27456. Nice to see the ocean again!!!😊
    4
  27457. Heloc is a no no unless you can pay anytime they might ask. They call those at will.
    4
  27458. Harry’s is one of my favorite restaurants.
    4
  27459. Hi Michael is great to see you are enjoying the beach. Now get the hell out of there! Can’t sell me on that area anymore. Don’t want you to get hit by a flying piece of rubble or witness another building falling. Praying for you and everybody there. Make some videos on exiting Miami. You can call it miaxiting,
    4
  27460. Michael did you see in Miami Beach any crazy from wild spring breakers?
    4
  27461. Happy Holidays and Merry Christmas to you and your lady!
    4
  27462. Can you post some info on the "Death Valley Index" that you mentioned? I tried googling it and couldn't find anything.
    4
  27463. A fourth one is being developed in the Sawgrass area around Citrus Grove village.
    4
  27464. Great information! As you said, it's sometimes hard to tell from a map the true tale. Bummer it's not a bit closer to St. Augustine! Pretty area, but ya a little far from shopping/restaurants, etc.
    4
  27465. when you are in the malls,, pay attention to every store front,, the mgmt often covers up an empty spot with fancy wallpaper/packaging/faux structures to hide the empty stores.
    4
  27466. Gooood. Tampa area? But we are still fine with renting. Likely leaving the TBA in a few years. Watching now fingers crossed lol
    4
  27467. Also, don't forget that with a high purchased priced home, also comes a higher insurance rate.
    4
  27468. Thank you, unless im rich ill NEVER live in south FL.
    4
  27469. I wouldn't mind living in Northern Florida as long as it's Florida to get away from Illinois 😊
    4
  27470. Imagine the meta employee who bought a house this year and got layed off. Now times that by 100k that's the storm that could be coming
    4
  27471. Been thinking about retirement since my 20s at the first 401k meeting. Corporate is not for me. Though I finally have a flexible job there is just not enough time for my personal hobbies unless I worked part-time like 20-25 hrs. I don't think retiring early would be boring for me and I have 2 kids under 6. If anything I'd love to be retired now. At least we have no debt. I have immigrant parents so debt is not something we try to do by living and buying above our means. Life is too short and I'd like to live it with simple fulfilling hobbies that aren't necessarily exuberate but personally fulfilling.
    4
  27472. Some nice homes. I wonder how much a new driveway repair would cost on a multi million dollar property.?
    4
  27473. Jackson Hole, WY has had that problem for DECADES!
    4
  27474. it is definitely happening!
    4
  27475. What a wonderful world 🎉🎉
    4
  27476. We love you and your videos, they are always different and helpful. APPRECIATION and respect all the way from freezing cold Canada 🙏🥰✌💜
    4
  27477. Wow! So beautiful!!
    4
  27478. Yup I showed my husband this video and he said As far as the paint goes, to buff it out,And if that doesn't work try a 1,500 grade sand paper and wet sand it.(If you are worried about it that much.)He said acid rain does the same in highly polluted areas.So I don't think I would wet sand it myself but .I would try to find a cheap machine to buff it out.So anyhow I really hope this helps you out a little.
    4
  27479. And many of those same Chinese investors buy real estate in the US to build their portfolio.
    4
  27480. 👍
    4
  27481. That’s a nice view
    4
  27482. Thanks for the great content, recently came across your channel and not look forward to your daily clip.
    4
  27483. 70 degrees? I’m on the way. DC, Md & Va, HUMBUG
    4
  27484. im from Illinois and im moving in march !!
    4
  27485. Just watched your Mom and Dad shows from last year. Heart warming, down to earth real ppeople Obvious why your feet are on the ground.
    4
  27486. Awesome video! So glad you got to see your grandpa! Does he live down there full time or just go down every year? Such a beautiful area!
    4
  27487. Glad to see everything is ok. Enjoy your trip.
    4
  27488. There is an area in Palm Coast with canal homes that go straight out to the Intracoastal River. Beautiful you should have checked some of those homes.
    4
  27489. best video ever, thanks bz i feel like my agent is a snake sometimes.
    4
  27490. We are an attorney state in Illinois, I've seen a lot of clients who really benefitted from having an attorney on their side.
    4
  27491. Only buy a home when it makes sense. For me I put 25% down which eliminates a lot of issues fha buyers face
    4
  27492. I’m in the dorchester/Summerville area and I’m seeing prices cuts all over. One house reduced today from 295k to 275k
    4
  27493. Everyone is eligible for a $ 0.73 refund :face-blue-smiling:
    4
  27494. I’m looking for something in Venice Florida. There is so much inventory my eyes hurt. There are too many choices
    4
  27495. Think I will just buy a liveable yacht, and anchor in Miami.🛳
    4
  27496. Inventory will come from those losing their jobs, period.
    4
  27497. I retire in a few years and am now thinking about moving to beautiful Hawaii at that time and live there for a while. I’ve been there before. It’s a beautiful, expensive but far away place. I might find my Hawaiian “wife” there. It just would be nice to live off the mainland for a while. I can’t stay in any one place for too long as it gets boring and old. Variety is the spice of life. Are there any other states or places you think about moving too away from FL? 👌🏻
    4
  27498. My landlord didn’t raise my rent because she said I’m good tenant and she knows I’ll pay every month with no delays and no problems. I guess every landlord thinks different and have different priorities PS. Rent in my area went up 400-500 dollars
    4
  27499. Cool change of scenery but I Love the Outdoor Neighborhood talks. Great Video Michael.
    4
  27500. I had a friend building $800k houses around 2008 in North Georgia. I asked him one day how much profit he made on an average sale. He said 35-40% if they didn’t have to sit on it for more than a month. Needless to say he went broke like many others but 35% profit is huge in my book when things are going well. I have been selling large industrial generators for years. To compare this with 35% profit we are considered doing well at 10-12%.
    4
  27501. Welcome home to you and Lisi :D Glad y'all had safe travels and are home safe and sound.
    4
  27502. And if you want a "big city" lifestyle just head on over to Chicago. How far away is your hometown from Chicago?
    4
  27503. Liked and subscribed. Thanks for all the good real estate info.
    4
  27504.  @MichaelBordenaro  It's by Bayshore Boulevard, which gets flooded often from what I've seen. I read they put a Pumping Station in Hyde Park hidden inside a bungalow to mitigate the water/flooding issues of the streets (apparently it's built over what used to be a river). I've been to Tampa to stay with a friend (outskirts) for a week long conference, we also visited Clearwater Beach, but I've yet to narrow it down 100% to an area in Florida. I like the areas of Tampa, but have serious concerns about the flooding streets, as I have a tiny little Fiat. I do like that Gulf Side, including St. Petersburg. I lean more towards the historical homes, bungalows with walk/bike access to downtown centers proximity to beaches. I'm hoping to make it there before summer this year. Still working on purging my belongings, closing out my business etc. The information you provided gives some great content as a research starting point. Thanks again.
    4
  27505. On which costside is the most traffic of tourists?
    4
  27506. Nice House, Good Neighborhood but still too rich for my Blood..need a Fixer-Upper...a Sixplex with a View..
    4
  27507. No the recent drop in rates has not convinced me to jump in yet. I'm holding for now. Homes in North Atlanta are still crazy over priced. So I'll wait for now.
    4
  27508. Another great video. I like all your videos but my favorites are the ones out and about too. I like that you took your own advice and went exploring to see if moving out of Miami is what you really would like to do. I was raised in a small town and raised my kids here too cause it's quite and not busy at all. But I've always wanted to move to a place I can talk a walk outside all yr and not freeze my pants off😂. Iwould like to move to a place that has the small town feel but is close enough to do things. Right now it's a 45 min drive to some what of a big town which isn't that big. I'm so looking to your future videos. Don't rush on making big changes just coast that wave and enjoy the ride. If it's meant to be it will happen. Thanks again for your wise words💜
    4
  27509. I thought that too when we recently stayed in Florida for ten days , i thought that eight days would be a decent amount of time to check things out , Wrong , but it was good enough for me and the wife to decide that Florida is for us , Selling our house in california in sept and moving to PCB in November. Thanks for another great video
    4
  27510. Your channel is so easy going an honest. Everything in Florida sounds really welcoming the way you describe it. Thanks!
    4
  27511. Happy Holidays Michael. . , Keep ‘em coming 😋
    4
  27512. Florida is definitely the front runner for me the weather and pension friendly is a strong factor (even though hurricanes season is of concern,still God willing FL is #1 on my list). great video 👍🏾
    4
  27513. Aaaaaand the DOW was up over 500 points today.
    4
  27514. ✌🏾✌🏾✌🏾✌🏾✌🏾✨🔥niece. look at PoPs. 😁
    4
  27515. I see 131 Kinross on Zillow. It was sold for $470k in 1997 and if it sells for $1.75M today, that breaks down to 5.2% appreciation per year, not adjusting for inflation.
    4
  27516. lol saw this when it said 11sec! hahaha
    4
  27517. Have you driven in Detroit?
    4
  27518. That house does not even look like it is worth 1 million dollars. But, location, location location that is the reason why they are asking for 1 million be a h property always expensive.
    4
  27519. Oh. So quiet. I want to live there
    4
  27520. I have no reason to sell All 3 are rental still owed bank Only 75k for both mortgage Hope to paid off both mortgage this year Plus I want to retire on rental income from 3 rental Income move over sea live There cheap
    4
  27521. Hi Michael, we've been watching all your videos and now that you're in Southern California are you planning on visiting us here in San Diego? BTW, we will be moving to Southwest Florida very soon so your videos on Florida are perfect.
    4
  27522. It’s not half as hot in Los Angeles as Florida especially on the coast like Malibu Santa Monica and Huntington Beach
    4
  27523. i like that housing type
    4
  27524. Appreciate this great information, Michael! Hey...here is another great You Tube channel you might want to check out and connect with the guy, who is ex military. It is called Tampa Aerial Media. This guy gives great information on US cities, but particularly Tampa. He is originally from San Francisco. He does a lot of drone shots, as well as just good video recording in general.
    4
  27525. We had a 13.5% interest rate in 1981 for a new $59,000. Fixed rates declined from there,but they finished the decade around 10% . We were definitely house poor for number of years. Just payed off our mortgage a few years ago. Our home has had a average appreciation before Covid of a high of 7% for some years and often 3% or even 1% for 35 years. Realtors have had a heyday day for the last years with sellers spoiled during the pandemic. Homes will still sell if priced correctly and marketed well, but the days of bidding wars and flipping a $400,000 house 3 months later for 40%,50% or MORE . Well…. the chickens are definitely coming home to roost, especially in the next 6 to 14 months . By the way Ronald Reagan the then GOP god ( before Trump was anointed) was president when we bought.
    4
  27526. I can understand a seller trying to max the sale for them, we got lucky last year, now its just people that refuse to see they need to lower the price to move it.
    4
  27527. I’m from California I never been anywhere else I would like to live . I’m used to home lol
    4
  27528. If a building doesn't comply with the 2025 law, maybe the state will put a ban on the ability for noncompliant buildings to be able to sell units.
    4
  27529. Yes believe in climate science. I want cheaper house prices!
    4
  27530. Well that's why most of those large sky scraper buildings are owned by the big banks that's why they say their to big to fail
    4
  27531. My real estate taxes up; 26.27%, Staunton VA (no-wheres-ville)
    4
  27532.  @markmansel9899  where he was is far from the hood but funny nonetheless
    4
  27533. Glad this is not an issue anymore because you guys have a great governor.
    4
  27534. Have you spent time around Merritt Island or Cape Coral?
    4
  27535. I'm 41 and I split between my credit card, debit and cash; I guess a good mix.
    4
  27536. In sw Florida we can't build enough. The insanity of people paying 110% of asking unseen is over but that's a good thing. ( I don't understand people like this) People - when you buy real-estate you have to be ready to keep it for at least 10y. ( see an opportunity early - that's great)
    4
  27537. If interest rates are cut people are going to go fomo again and prices will go up... the interest rates must stay the same for a while for normalcy to return.
    4
  27538. I love the west coast. Anna Maria island, Passé Grill, just beautiful
    4
  27539. I have been going to Delray Beach since my parents bought a condo there in the early 80s. It was a sleepy town back then, but now has a very lively downtown and beach scene. Prices have risen over the years, but still affordable compared to neighboring Boca Raton.
    4
  27540. When I first saw the pictures of the building on the news, my first thought was you and your gf. I'm so glad you guys are ok. Praying for your neighbors 🙏❤. Thank you for the information and your honesty once again. Hopefully things go back to some kind of normal. Looking forward to moving their someday...
    4
  27541. I hope all those moving to florida wont change it to the places they left
    4
  27542. i am laughing my ass off at santa walkin pass...great video
    4
  27543. Feels like Ant Man is teaching me about Florida
    4
  27544. BUt BARbArA iS A BilLiONaRe MiCHaEl!!! YOu tHinK YoURe smARtEr ThAN sHE iS!?
    4
  27545. Enjoy it, don't rush. It's great seeing and feeling the vibe of each place through your perspective, and for that one needs time to chill and get in the flow of the place. Thanks for the videos.
    4
  27546. You play really well Micheal😁
    4
  27547. Homeowners Insurance at my house went from $1361 per year to over 3k per year!!!!!!!!!
    4
  27548. Like it...Your funny man !!!
    4
  27549. The best and the brightest are no longer attracted work at amazon
    4
  27550. If I move there can my cat go outside or will he get eaten by a croc?!!! :(
    4
  27551.  @MichaelBordenaro  Wilton Manors duh! I am looking for a SugarDaddy! :)~ Hopefully in his mid 90's! Fluffy has expensive taste okurrr! Xoxo
    4
  27552. I definitely agree about your statement on Jason and Ramsey…I feel like what they say are their opinions not not based data. I am definitely watching the market closely in Arizona.
    4
  27553. I don't know what they are smoking in Florida, but it must be good! The housing prices are so high! I bought a 5 year old turn key, two story hosienda, concrete and rebarb, 2,400 square feet, four bathrooms, 3 bedrooms, beachfront home in Costa Rica for $240,000.00. I guess if my home was in Florida, I could also be insane, and try to sell it for 6 million dollars. No need to park on the grass, carport included.
    4
  27554. It's possible that Warren Buffet sold off so much due to Charlie Mungar's death? I agree that Barbara is speaking mainly about larger RE markets that are still strong. I don't think we'll ever see the market we saw in the last huge recession. It was almost surreal.
    4
  27555. Wow, I remember back awhile ago you thought about moving to California. It might be cheaper here know! I have been looking at moving to Florida but know analyzing costs it doesn’t make sense now. Still cheaper for me to stay in California. Don’t know where to go anymore that’s reasonable
    4
  27556. Watching your videos explains why my cousins kids were able to buy homes in Port Charlotte. You can get a decent house for a decent price. I don't like carpet at all, so it would come out. I really like your videos and totally respect your time. I'd be more than happy to pay a consulting fee to speak with you, specifically about NMB neighborhoods and nightlife. I'll be in touch.
    4
  27557. I am Brazilian from São Paulo state and like an English degree student I would like to know what is the difference between Miami accent and Orlando accent? Your Channel is pretty nice, Michael.
    4
  27558.  @MichaelBordenaro  I'am fine and I hope you and your wife are fine too. It's pretty cool to know that your wife is "carioca" from Rio. Your explanation helped a lot, thank you Very much and have a good weekend all of you in the US.
    4
  27559.  @MichaelBordenaro  Thanks for replying so quickly I appreciate it. Yeah I think We’ve rounded it down between Sarasota and Tampa Bay /Clearwater /Dunedin area.
    4
  27560. Could always do Lyft or Shipt, something like that to get by.
    4
  27561. I hate to be the turd in the punch bowl but you spelled desperate incorrectly.
    4
  27562.  @MichaelBordenaro  really!? Right on the Beach though?
    4
  27563. Hi! I'm from South Bend, In. Some family, my Dad lived right outside of Chicago, Illinois. I know what you mean about cold long winters. In the future can you get videos of what to expect from the hurricanes? Thank you!
    4
  27564. One thing people forget is that while long term bonds and mortgage rates are connected, they are not always correlated, MBS can separate from long bonds especially when there is economic uncertainty, and if the fed is selling MBS into the market.
    4
  27565. lol my moms realtor is toxic but good thing she dosnt have money to buy
    4
  27566. The IMzF Sucks 😂😂😂
    4
  27567. Im praying for 2014 prices!!
    4
  27568. Best law Ive heard in a long time we pay for clean streets lets get it. Now lets get a law about how home insurance cant just drop you Us with older homes but new residents are tired of being dropped and citizens shouldnt be the only option.
    4
  27569. Michael, Good information! No, you were not advocating but without the knowledge people can't make an informed decision. You were providing the knowledge and options. Thanks.
    4
  27570. Florida is great, but there is nothing magical about it. California on the other hand just feels magical! The sprawl and pleasantness of Los Angeles, and endless things to do in San Francisco!🌴🌴☀️☀️🌅
    4
  27571. Good news. ✌🏽
    4
  27572. Thank you for the video Michael. ❤😂😮
    4
  27573. I'm from NJ and would like to move to FL. I hear the east coast attracts more New Yorkers/NJ residents and after living in such proximity to NY, I really would like to experience some southern personalities instead so I think from Sarasota to the panhandle area is more my style, but I haven't visited there yet. Also, I have never been a fan of high rises/condo buildings. I have always had a quiet, low keyed, nature type of setting in my blood - the less people around the better - and go to the busy areas for a change of pace once in a while & enjoy the variety of restaurants.....Also, living more north makes it easier to travel to different states. Living more north, you can go to Nashville, New Orleans, etc. & not get on a plane.
    4
  27574. Do Tampa and Sarasota please.
    4
  27575. Surrounded by black swans, anyone's guess which one it will be.
    4
  27576. I love California but the taxes are getting way too expensive. I like Florida, but California is far better.
    4
  27577. Pay off every month and get a % back. But don’t spend more than you can pay. And save something.
    4
  27578. You can smell the wonderful salt air near the beautiful beaches in Rhode Island and Cape Cod - the best, imho. I love the beaches in San Diego and Jensen Beach, Sanibel, Bahia Honda and Barefoot Bay beaches in Florida.
    4
  27579. 14:22 100% agree About delivery companies, I do not have complete comprehension about the current reality of the economy worldwide...not even close, but locally (eastern Europe), I see people tighten the belt and stop splurging. We have crazy inflation, fear and uncertainty (economically, socially, war, etc.) and that's terrible for these firms. People still spent on vacations this summer, but I think that's mostly as a release valve after the pandemic. The negative sentiment makes changing a perfectly functioning TV suddenly not seem like a good idea anymore.
    4
  27580. Yes it's almost inhumane.
    4
  27581.  @MichaelBordenaro  yeah bro, any day. Lime and Coconut for life.
    4
  27582. I’m legit thinking of opening up a restaurant in Miami Beach once things chill. If I succeeded in making my aunts restaurants here in California close to Disneyland a success even during a pandemic then Miami will be a piece of cake. So this video gave me an idea because I sure as hell don’t want to live in da hood like I do here 😡 I’ll probably go the condo route. Seeing those price numbers mean jack compared to here 😂😆🤯
    4
  27583. older house + new impact windows = good
    4
  27584. Thinking Pensacola 🙂🌊💜
    4
  27585. Most of the typical landscaping trees here in Miami are palms that bend in storms, and possibly have their tops ripped off. They are not the sort of trees that typically come crashing through your home like you see further north after storms. We also have a lot of ornamental type trees like that don't get massively tall. Yes, there are some oaks, banyans and other species as well that get large and face being uprooted in a powerful storm, but most landscaping is done with a variety of palms and smaller ornamentals.
    4
  27586. Small world..I moved to Ocala area from Belvidere in 1991..also, my brother painted that mural on the side of the building you showed at the start of this video.
    4
  27587. 👏👏👌❤ Thank you friend
    4
  27588. Thanks Michael!!! Can't wait to head to Miami Beach FL!!!!
    4
  27589. Merry Christmas Mike Great videos keep them coming always exciting rolling with you visually on your walks very informative. Maybe Santa will surprise you this year with a new pair of shades Cheers
    4
  27590. Its a good low cost way to live if only owned the land under the mobile home. Parks should be owned by mobile home owners. Get rid of these landlords period that raise the lot rent
    4
  27591. HI Michael .from the uk .. im in stitches at those houses ' They LOOK Like a cheap plywood beach box .without design , or a IKEA Flatpack . and the Price . these people are on drugs . Mr Scribner and his Side Hustle ..For Sure'..its a laast stand hoping a FOMO IS STILL Alive ..people need to get real .. Derek great post again mike
    4
  27592. 2 Americas - rich - poor
    4
  27593. My husband and I were j ust there 2 years ago. Since Im originally from this area, I always get really sad when I have to leave. Like you Im looking in florida, have been for years, but w/my kids grown, we are looking for a small little place w/built in pool. maybe driving distance to St. Augustine. Lakes=gators, Beach is great but =sharks, built in pool= privacy, no sharks, no gators lol, Port Orange is nice and cost less but prices could have gone up. Thanks for the Video I was home for a few minutes. ps. Saint Marys Georgia is another great option, its only about a mile from Florida State line, w/that small town feel. Not far from Jacksonville or ST. Augustine. Housing prices a lot less.
    4
  27594. Hi 👋 Real Estate Warrior!!
    4
  27595. Always great advice and helpful information. Glad to see your numbers growing. Keep on keeping on my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  27596. Very good observation. I have been aware that FHA buyers are skipping the first home and jumping to buy homes that 20 years ago, were purchased as 2nd homes. The way people are buying their 1st home these days, over 500-600k, low down payment, I don't see how these FHA buyers gonna be able to maintain these homes long term between the mortgage payment and overall maintenance. They are starting out house poor.
    4
  27597. I have been thinking about what kind of house to buy, once we are able to do so. I want one I can grow old in with my husband. I'm tired of living in an apartment but financially, I don't want to bite off more than I can chew - so for me, starter home probably will be my forever home.
    4
  27598. When I was down there in July I checked out LBK and it was during the 4th of July weekend, crazy crowded and 0 parking, I picked the wrong weekend for sure , but I still enjoyed it , beautiful place and very expensive, way to much bacon for these eggs! Hopefully relocated by Nov ! Good video again
    4
  27599. You spelled idiocracy wrong.
    4
  27600. Siesta key sand
    4
  27601. You have the best job, my friend! Keep up the excellent work!!
    4
  27602. Thanks for all your videos you are keeping an eye on the ball you are very smart
    4
  27603. Exactly 💯❤
    4
  27604. Thank you for your update and continuing analysis. In the Metro DC area, I see the same trends with slowing sales and downward adjustments to “asking” prices. At this time, I do not see lower actual “sales” prices. I would think that actual sales prices will decrease in the future because too many people can no longer afford the current asking prices because of rising interest rates. In past downturns, I have seen a contraction of homes for sale as owners sit tight. We shall see.
    4
  27605. Front Beach Road for tourist, Back Beach Road for locals.
    4
  27606. Hey not to take away from your YouTube channel. I recommend the village Florida newcomers they pin point things in the villages things you need to know
    4
  27607. Excellent restaurant their by the beach called Rajin Cajun the best ❤ or Boogaloo’s Cajun; I worked years at the Refinery’s and Off Shore platforms around the area. We thank you for real content.
    4
  27608. Spot on. I won’t live my life around friend or family expectations to be at their party, wedding, cookout, bar mitsvah, baby shower, graduation, holiday gathering it goes frikkin on an on. Visit here an there but don’t pencil me into your calendar of events. I enjoy me, myself and I company. Not antisocial just wee bits of social.👍
    4
  27609. I agree. I'll give her one warning. Otherwise, I am ending the date early.
    4
  27610. Texas windstorm didn’t raise our windstorm insurance this year. Something tells me they’ll vote for an increase next year. 🤷‍♀️
    4
  27611. I watched your whole video and here’s my long arse comment. I have been in SoCal for 15 years (I’m from London). In LA it used to just be SkidRow, now it’s spread to other parts of LA. The same thing could happen in Miami or other parts of FL too, where you could also be talking about how much better things used to be. In FL you can buy a cheap house close to the beach but isn’t the beach where you have the most issues with hurricanes or no? Also aren’t parts of Florida under sea level i.e. Miami? I don’t recall you mentioning that unless I missed it? A lot of the homeless people here have mental health issues and are addicts, putting them in houses will only create rows of crack dens and fires too as that’s another issue that’s been happening with their encampments. We need more mental health facilities and other States need to stop sending their homeless out to CA with free bus/train passes. @14:43 Haha sounds like you’re talking about reggaeton, which I do not care for at all. You will hear that more in the Latin hoods in LA along with banda. It's not as big of an issue in CA but in LA I have definitely met people here who still don’t speak any English even though they’ve been living here for decades. I’ve called up Mexican restaurants where they only spoke Spanish . My friend went to a Popeyes Chicken in South Central and no one spoke English but again, it’s not as common as Miami. You're right. It sounds like you’d personally choose CA if they didn’t have the tax problem and it was cheaper. People typically trash CA because it’s ran by democrats and traffic is not an issue all throughout CA. Only in major cities, which is a problem for any major city. I personally would choose CA because it's more diverse with things to do, the weather is better for me, music events and festivals. Also FL is too flat. My friend moved to Miami with her boyfriend and he became more aggressive haha.
    4
  27612. Michael, I have lived in California my entire life. Don't be fooled just because you went on vacation to Marin Co. and had a good time. I was fooled in a similar manner about 15 years ago. Sticking it out till retirement then we are GONE! Your SF footage shows the "urban camper" flipping you the bird. Perfect example. THAT'S what it will be like if you move to the Bay Area. They don't take kindly to outsiders. Even fellow Californians from different regions. The whole idea of kumbaya, "Welcome Everybody" is total BS. Also, the COVID shutdown thing. Stay in FL if you want freedom. GREAT WORK on the content Keep it up. Also, if you post this comment on your video, please keep me anonymous. Thank you.
    4
  27613. Snowbirding to Southern Florida in about 18-24 months. Anyways family owns a Summer Seasonal up at Wells Beach, Maine. Water temp in July & August averages between 58-65 degrees. I'll have no problem going into the 74 degree water in the middle of February when I spend my winters in Florida.
    4
  27614. Thanks for sharing solid info as always!
    4
  27615. My friend bought a condo in Ft.Lauderdale for 70k back in 08 when everything hit rock bottom. She has made a fortune off rental income since. She still owns it today. Is under 100k for a 2 bed condo a possibility if this gets worse? Thx
    4
  27616. Yes, you are correct on seeing the place for yourself. Florida is a great place to live!
    4
  27617. I like watching your channel Micheal. I was wondering if you could take us on a walkthrough of a typical Miami home that is on the market. Please dont pick a fresh remodel. We need to see what to look for in a home NO need to shame anyone, dont show the Address or the outside unless it is a zoom in on certain parts of the home. Thanks if you can do this.
    4
  27618. One would hope that the owner has the place cleaned between tenants. That's the least they can do. It's surprising that they don't paint between tenants.
    4
  27619. Last November I sold the house I bought in 2018 in Los Angeles County, made a 200k profit and now I'm buying a 4Bed, 2 Bath duplex in Daytona beach Florida only 3 minutes to the beach for 205k. I'm moving soon. Don't worry Florida I never voted Democrat in my life and never will!, I hope Florida doesn't get ruined like California did. On the other hand I did some research and found out that airbnb is not allowed by the city and county. The issue is still being handled in court or something like that and some residents are in favor and other against allowing airbnb short term rentals. In order to rent real estate currently in Daytona it has to be for at least six months. If I could have money to buy more real estate in the Daytona beach area I would do it. Is in my opinion and despite the prices increasing , still a very affordable and nice area to live and have rental properties, compared with the rest of Florida and the USA, specially places like California which are crazy expensive and ugly to live for many reasons.
    4
  27620. Hey Paul, I found the link on one of the comments. Here is the address👇 2203 E Us Highway 98, Lanark Village, FL 32323 They sold it for $225,000 on 4/28/2021. What a deal!!!😲
    4
  27621. I live in SE, PA. The "Beauiful People" have run out of funds and their luxury cars are looking filthy and beat to death. Brake dust caked onto the front wheels, zero shine, mysterious mechanical sounds. Wow. Driving worthless, hammered, junk.
    4
  27622. I had not heard that from these scumbags , we have to vote these criminals out
    4
  27623. My rent is 1147 month if I were to buy a house I would be paying much over $2000 a month so I am saving a lot of money plus I have ducks that I can watch
    4
  27624. My mortgage + taxes + insurance + water/sewer/trash is $1000 less than renting the same size house. I bought in 2013, in Clearwater, so might be different in Miami. I have privacy, freedom (no HOA), and am building equity.
    4
  27625. If the Fed Cheerleaders talk soft landing , I always picture the old Barnstormers flying into the Barn and leaving nothing but scrap wood.
    4
  27626. Blacksburg Virginia, Montgomery Co just sent me a new assessment it went up 47%. The last assessment was 2 years ago. I would love to hear you talk about this.
    4
  27627. We have been living in our 40 ft motorhome in a rv park since we sold our house in 2021. Just waiting it out then buy a home.
    4
  27628. I love the rain 🌧 so it’s win for me 😊🙏🏼 I come from California, Nevada , Washington so I’m pretty used to the gloomy weather
    4
  27629. Haha!! So true regarding the hair!! 😁😆
    4
  27630. This is so heartbreaking!!!
    4
  27631. You are a really good stand up guy for just telling it like it is...its not always rainbows and fairy tales
    4
  27632. You are one smart cookie. Keep up the good work bud.
    4
  27633. The plants are stunning down there
    4
  27634. Funny how you make it sound like that part being closed is because the economy is in bad shape and the government doesn't want you there as a result. You can't have such a negative view my boy. Clouds your judgment and makes you sound like a clown. Please explain how the government is closing areas in neighborhoods.😂
    4
  27635. What kind of swim trunks are those? 🔥🔥
    4
  27636. You have an awesome beach view!
    4
  27637. I have a question. There are a 1000 people a week moving to Florida (Thats an average over a year) . What areas are all those people moving to and are they buying homes?
    4
  27638. I see that the house market is on blazing fire. I've see someone on YouTube put a offer on 3 houses in Florida and all 3 were immediately off the market. He didn't get one. They say cash is king. So, I'm still on target on saving a good amount of money. Hey, my goal is to buy a house in cash. ALL CASH. no mortgage. I just want to take care of my house and not worry about big monthly bills. Financial freedom.
    4
  27639. YES! A Cali comparison! Then I can make fun of the beach :P
    4
  27640. TGIF! Wow true dedication!
    4
  27641. I've seen a Van full of kids get out before in front of a video place, and the parents would stay in the van, and they'd be like 20 kids going through The Thing at the same time, and they would grab and run like there's one other incident that I'm saying get. Busted look like the same setup here in town. But they got caught fake scanning their stuff. They would scan 1 video and throw 5 into the bag and try to walk out.
    4
  27642. LIve below your means with your mortgage
    4
  27643.  @MichaelBordenaro  Oh alright, thanks for the answer
    4
  27644. Yeah I live in Cleveland Ohio , it can be as cold as negative 20 degrees
    4
  27645. Last Winter in Jacksonville had some frezzing mornings. On Christmas night it was 28 degrees. I think it mainly applies to South Florida, but to be fair snow was a lot more common in North Florida back in the 80s.
    4
  27646. Michael Bordenaro Even if it’s just 1 or 2 the fact that you respond is Awesome!
    4
  27647. Nice steaks! 👍🏻
    4
  27648. You needed to be positioned well before this inflationary period, otherwise it's tough. Hopefully you're young and can prepare for the next time. Hang in there, stick with it, make good decisions, don't get discouraged, and you'll do well. Good luck to you.
    4
  27649. The next house I buy, which is in Florida to retire, I’m not just getting a home inspection, and a MOLD CERTIFIED INSPECTOR, I’m also bringing in A Colorectal Surgeon, Obstetrician and Gynecologist. JK
    4
  27650.  @MichaelBordenaro  And not crooks designing the building and crooks building the building. We need to scrimp where ever we can to make more money for ourselves. In the 50's and 60's not as many greedy crooks , people had a conscience back in the day.
    4
  27651. I lived in a new high rise. It was lovely. Beautiful views and great location. HOA was the biggest downside. I sold it as soon as I found out the city was planning a subway line that was going to pass under the building, or next to it in the same block. No thanks.
    4
  27652. Plan to move to FL, we pick Wesley Chapel? Is that a sinkholes alley?
    4
  27653. This is a good insight. This is why I chose inland about 13 miles in central FL
    4
  27654. Thank you Michael for your insight :)- I follow both you and Nick's channels. Kudos to both of you!!
    4
  27655. I haven't had a raise for 34 years. Inflation has gone up at least 100% in 34 years.
    4
  27656. I wonder if at age 53, it's people who cashed out their larger homes to downsize or move to a less expensive area - CA to FL for example, and paid cash? I am feeling the pressure, the FOMO, at never having owned a home. I worry mostly about my retirement years if I am subject to rising rents. Honestly, I don't even know what to think anymore. All I know is I am saving as much $ as I can and seeing how this fiasco plays out.
    4
  27657. What purpose does socializing with colleagues serve. Truly, they say we are less productive at home; however, when I was in the office do you know how frequently coworkers would stop at my desk to chat, how frequently I went to the break room, walked around the building or walked to the cafeteria for lunch and to shoot the sh$t with my coworkers. I was equally or less productive in the office. Some people need the companionship, so people need to be watched in order to do their best work. That is fine. As for me and most that I know, we are grown adults who can manage our work load and often go above and beyond for our employers and ensure we can never be labeled as slacking. If I am capable of getting more than just the bare minimum done while working on other projects for work and I can still manage to workout in the afternoon or grab my kids from school on their half days or whatever, then what exactly is the problem??!!!! I’ve been working from home for two years now, it would absolutely be depressing to go back in and it would definitely negatively impact my work life balance and mental health. It’s ok to adapt to the change occurring around you, we don’t have to claw back to what was once normal.
    4
  27658. I jumped back when you showed the bad hair day !! Jeez Michael !!!! lol!!!!!
    4
  27659. EXPOSURE!! congratulations, Michael
    4
  27660. Sorry to hear about the SE FL.condo market. As that will price me out of moving into the area. Unless these 10 million dollar units crash ( I hope) so we can buy at a more reasonable price. Plus adding insurance /RE taxes / etc... makes it impossible . Maybe another State makes more sense for us to retire .
    4
  27661. I quit dealing with Bank of America back in the '90's. They've always been a horrible Bank.
    4
  27662. I appreciate your honesty, it's a rare quality you have Juan, thank you 🙏
    4
  27663. My sister recently moved to Ocala... about 3 years ago to some 55 plus community. Maybe she can give you some info. Inbox me if needed
    4
  27664. When did mom find out you didn’t go to confirmation classes. lol 😂
    4
  27665. Thanks for another great video Michael, I'm seeing a lot of price reductions in the SWFL condo market. I'm also seeing quite a few "Back on Market ", what is with that, don't see it very often in the single family home market, thanks
    4
  27666. Oh the humanity Micheal with no shades,sleeves,cats sleeping with dogs,I fear the apocalypse is near.but I fear it could be worse Micheal is wearing the tshirts his wife bought him for christmas because it's been 3 weeks (we all know what that means with wife clothes presents)and his not wearing shades is an sos to us caring viewers that he's under duress , I hope it's the latter because then it doesn't affect me just Michael 😂😂😂😂😂.Blink twice if you need help Micheal .
    4
  27667. We love you walking outdoors. Keep up the good work.
    4
  27668. congrats on your silver play button!
    4
  27669. Nobody tells you there are loads of sharks out there.
    4
  27670. Florida is not expensive at all. It's bonkers how people say it's expensive. They should try living in New York or California. They will see the big difference
    4
  27671. During water releases from Lake O the Atlantic coast does get fish kills and red tide. Also, in the Indian river lagoon up around Melbourne you can expect red tide...
    4
  27672. Im not even gonna worry about it....ive accepted ill most likely never own a home 😂 i make 50K and struggling. Ive embraced the Nihilism on this topic at this point.
    4
  27673. Wow. My auto insurance is only $648 per year in NYS.
    4
  27674. In my local market in south Jersey, there are single wide trailers that are 30 years old selling for 150k. I don’t even get it. I thought trailers were depreciating assets? How is this even possible? I’m sure they cost like 10k brand new. They are located in regular trailer parks. And by selling I mean they are actually being purchased, not just listed for that much.
    4
  27675. I get when single family homes neighborhoods don't have sidewalks, but it's shocking to see a modern urban condo neighborhood without them!
    4
  27676. Michael what do you know about Fort Myers?
    4
  27677. Don’t worry about the length. We enjoy your perspective and reporting on current info available Thank you!
    4
  27678. Great video, Michael! You are right…we all have to take care of ourselves!
    4
  27679. Would it be safe for a woman by herself to walk that stretch, or any stretch, of the MB boardwalk at 10:30pm or even later?
    4
  27680. Sounds good to me. You have to take care of American citizens first. We don't need foriegn investors uping property rates in a housing shortage
    4
  27681. EVs only make sense if the sources of energy are clean, which is not the case now.
    4
  27682. Hey Michael good video, yes Memphis is bad just like Detroit. Sad Memphis use to be a nice place to visit, times have changed!
    4
  27683. I been in Ocala for 20 years and love it.
    4
  27684. I totally love this house and with a little work it could be fantastic. Looks like it has Dade County Pine ceilings in some of the rooms too. That stuff is amazing. Our attic in our house we sold two years ago in downtown Lake Worth was all Dade County Pine and the inspector couldn't believe it, it looked brand-new after almost 95 years. Termites hate Dade County Pine! LOL. Some people think Florida is boring with the architecture trees excetera, I totally love both, even after over 30 years here. It's expensive to buy a home here in downtown Delray now too. Our home we sold 20 years ago, we bought for 96, 000, we sold it three years later for 275,000, and right now it's going for 615,000. I wish we had kept it! LOL. But we're very happy where we are and we have a $500 a month mortgage now. Great as always Michael.
    4
  27685. I'm sick of New York City and New York State. High, high taxes. Moronic liberal moron mayor and governor. I broke my arms twice slipping on ice. No sports, no theater, no museums, no fashion; New York City isn't New York anymore. It's finished. Done. So sad. So, why bother living here? Nothing left here anymore. Aventura I can have a TWO bedroom apt. with TWO terraces and TWO covered parking spaces TWO pools. FOR LESS THAN MY 382 square foot condo in The Rotten Apple.
    4
  27686. Ok nice weather but where are the chicks? Please the next video show us The Gulfstream park horse racing and casino in Hallandale
    4
  27687. Mother's day??
    4
  27688. It's funny. People in my circle (in my 40's) and my Dad thought I was crazy when I said that these 25 basis point hikes were not enough back in early 2022. Should have started with a 7% fed rate and waited to see what happens with spending and the economy. One quick big rate hike to reset everything. Yes, there would be pain. But that's how you curb inflation and encourage saving. Ask Volker. But I'm not an economist either... so yeah.
    4
  27689. My full coverage through Universal insurance is 1450 a year. Covers flood wind hurricane and sinkholes. Would have sent it before but missed the last vid.
    4
  27690. Stay safe 🙏🙏
    4
  27691. Flooding in to get rekt.
    4
  27692. For the algorithm.
    4
  27693. I couldn’t agree with you more . Our power grid I think couldn’t even handle it . Only thing that comes to me is to get involved in politics meetings with mayors etc I don’t know if that is possible but going to look into it
    4
  27694. Hi buddy I'm fallowing you from United Kingdom 🇬🇧. First of all I have to say thank you for making video. You showed us a couple of land for sale in Miami Beach neighborhood but you did not talk about the price. Would you please talk about empty block of land prices. God bless
    4
  27695.  @MichaelBordenaro  thanks mate
    4
  27696. Appreciate you sharing this. Subbed!
    4
  27697. Great info! I am curious as to what will happen over the next 3-5 years, as that is my projected move date to FL. In my state, I too am seeing a HUGE influx of buyers from out-of-state and doing what you mentioned... buying for cash (and beating out the "locals"), and having a LOT left over! I have no home to sell... just looking for a better place to live and way of life (aren't we all! lol) So for me, will ride out the next few years and see if/what changes occur. Interesting to know regarding the rental situation there as well. Looking forward to more vids. Thanks for the info!
    4
  27698. Dude when I was in Key Biscayne I passed by a picnic area and there was just one family grilling, and one raccoon. I kid you not, within seconds I looked left and right and saw a gang of raccoons stalking the grill LOL. Felt so bad for that family they cooked for the wildlife that day...wonder how the snakes are getting to Miami Beach though
    4
  27699. People need these reality checks as they often don't realize so many factors which impact home buying and insurance.
    4
  27700. So awesome! Love that Lisi stayed for her close up at the end. (She was the treat you were talking about, right?)
    4
  27701.  @MichaelBordenaro  Me too! She is so appreciative of you! Great couple!
    4
  27702. The winters in SOFLA are so nice that it's keep's most of us here. Pre-covid the glamor of SOUTH BEACH was intoxicating and the beautiful people were very invigorating. Will that ever come back or has that lost it's social luster? Time will tell I guess. Nice video Michael!
    4
  27703.  @MichaelBordenaro  you are so right - social, economic and political problems are growing worse which tells me that no place in America will ever be as it was.
    4
  27704. Great videos. People have to be individuals and not be sheep and keep up w the Jones’s live frugally and save money. Listen to your elders.
    4
  27705. That Whole Foods on 10th St is my go to! And the views of the bay from the Mondrian pool are insane. I'm a shameless nerd for this city lol
    4
  27706. My friend in Miami Beach pays $1700/mo right now for maintenance.
    4
  27707. When you get on the road it would be really cool if you stop by in flagstaff, az and give your thoughts on the housing market there. Prices are still absolutely absurd vs phoenix
    4
  27708. I really like that flamingo buiding
    4
  27709. If you could afford to be a snow bird and spend the summers (7 or 8 months) in Rockford and winters in Miami, would you prefer that to year round in Miami?
    4
  27710. Americans should be happy living in such an amazing and exciting city. As a non American I would like too much badly but its not easy due to the visa process.
    4
  27711. When the interest rate goes up, home prices will have to come down..
    4
  27712. That view Mike is called the Queen's Necklace, the beaches of Torrance, Redondo, Hermosa and Manhattan beaches. Cool view both day and night. Nope you go there at night.
    4
  27713. "It seems like nothing ever done". Well, I suppose, every big city or agglomeration can be described this way. At list I can tell, that here in Moscow we have the same feeling)
    4
  27714. Great video with super content. Good job
    4
  27715. They will move them into your neighborhood not Martha's vineyard!
    4
  27716. It gets cold up there in the winter 🥶
    4
  27717. Siesta key is beautiful!!
    4
  27718. I've definitely been noticing this as well & I'm super worried. I'm moving to Miami in March 2022 as a renter, do you think spring is a difficult time of the year to find housing?
    4
  27719. Thanks!
    4
  27720. I agree totally with your advice. My Real Estate business Wave Realty located in Brisbane Australia has seen other agents houses not selling if the agent isn't advising them correctly on what is happening. Buyers are holding back unless they get an offer accepted that is following the market down. Unfortunately alot of sellers are still not being unrealistic and their house will be on the market alot more months. Thanks for your channel. It reinforces how i feel.
    4
  27721. A lot of hocus-pocus to finance the purchase of a house.
    4
  27722. How is this even allowed legally? Morally this is disgraceful. So basically it will get to the point where no one can afford to live anywhere!
    4
  27723. 12 pro max quality lookin good lol
    4
  27724. We need more outtakes 😂
    4
  27725. Just going through this now. It’s nuts. The lender says I qualify for over 1m and that if I needed to I qualify to carry a mortgage on my current home as well as the mortgage for my new home. I make plenty of money (no flex, just facts) and I’m just asking “how? What kind of math are we using here?” Another strange thing, I listed my house last Thursday and by Sunday I had five offers with the winning bid 40k over asking waiving appraisal. I thought for sure that bidding wars were done? At the same time I lowballed the owner of my new place by 25k and they took it. I’m in central FL.
    4
  27726. I think it’s really funny how everyone waits for it to be”Official” They “the media” will call it official when it’s all burnt black and crispy😅 🙌 after review of the play. It’s good.!🙌
    4
  27727. I needed to hear this! Thank you!
    4
  27728. I can relate some what. We are 77 and 66 relocating to FL. A new chapter
    4
  27729. Thanks for the video 🙏
    4
  27730. Very informative video. Thank You.
    4
  27731. They’ll just reduce salaried workers hours to bring them down to part time. They will avoid the overtime that way. Probably result in you making much less in the end.
    4
  27732. Not sure if I let you know man but we decided to go to clermont. We love it there not right in the mouse house area. But close to everything, beaches, fun my girl is from st Pete (Bradenton)area. But when we visited that’s where we set our hearts on and plot twist bro... headed town tomorrow! Packing today. Talk with you soon broski
    4
  27733. Sunset at a beach on the gulf is the best 🥰
    4
  27734. Just be -- be your authentic self as ever. Earn too -- not a problem.
    4
  27735. 100k subscribers. I hope you don't start talking crazy like Big Mike and f**k it up.
    4
  27736. Some people say it’s almost like living on a cruise ship!
    4
  27737. I really enjoyed this video. I would definitely like to see more of these. As always thanks for the great content
    4
  27738. Do a Drive from suburban (from the North and from the South) Miami to downtown during morning and afternoon rush hour to show the Miami traffic from all angles.
    4
  27739. Awesome way to look back and re/evaluate positions.
    4
  27740. Tallahassean here. Those trees are indeed oaks and the really big ones that have branches going to the ground are live oaks. They are massive and can live hundreds of years. Tallahassee has long been designated as a Tree CIty USA.
    4
  27741. Hillsborough county native, here... we are exploding in costs and our county cannot keep up! Yet, they're encouraging more new development construction, and more people to move to Tampa! I can't even consider moving to Plant City cause thats gone up too. It has always been known as a cheaper alternative... not anymore.
    4
  27742. This isn't going to be a Recession it will be a depression. An the rich may think nothing right now but only those with cash, gold, silver, and Other precious metals. Will hold it the farmer will be the biggest winner 🏆 of this whole thing
    4
  27743.  @MichaelBordenaro  Yup, bitcoin is also much more divisible than gold/silver.
    4
  27744. 89% positive is it a scam ?
    4
  27745. Good helpful video ! thank you
    4
  27746. I still want $1million
    4
  27747. If you want to get out of the heat go to Medellin Colombia they call it the city of eternal springtime due to the great weather.
    4
  27748. Great video!
    4
  27749. I love Florida wanna move there soon. Thanks for the info
    4
  27750. It was nice seeing you guys walking together. I noticed Nick walking the other day and I thought wow he's doing Mikes gig, now I see them together. WHOOP WHOOP! Now you guys should grab Economic Ninja. Hahaha
    4
  27751. I agree with you about kids. I have 2 (teens) and I am well off financially and I tell you, they drain your wallet and your peace of mind more than anything else ever will. I love them to death, literally, I will give them my heart if they needed it but that’s only because they are here and I love them. But I no longer have the romantic view about having kids.
    4
  27752. Hi Michael, I'm trying to find a tiny blockhouse in Florida with one bedroom and one bath. Would it be cheaper to have one built? Thanks!
    4
  27753. What kind of savings account do you have? Most traditional banks only offer less than 1% interest. I thought about opening an online savings account because they usually have a higher interest rate but I don't know if they're safe.
    4
  27754. Just sold my house I bought in Austin less than 2 years ago for a $220k profit. Bring on the recession!
    4
  27755. I don't see prices going down here in North Port Florida
    4
  27756. Rhonda Santis is the reason. Crazy politics kept me away for the last few years.
    4
  27757. Good stuff Michael, how many total miles did you travel in your automobile on that huge road-trip?
    4
  27758. I really enjoyed this video I felt as if I was there with you . Im moving down to Coral Springs this year I can't wait .
    4
  27759. Thanks for sharing your thoughts Michael. Sound wisdom.
    4
  27760. Thank you 👏👏👏
    4
  27761. In the end the government lying “there’s no recession things are great” really just kicks the can down the road encouraging people to spend more money on things that they don’t have. That’ll equal a worse recession or even a depression. Not to get political but the Biden admin is clueless and J Powell is a entire year late to the game on rates. We’re screwed!
    4
  27762. Great video ,looking to move down Florida Venice ,st Augustine .Not to close to beach 👍👍👍
    4
  27763. Amazing when the economy gets bad everyone (HOA's, Insurance, Etc,) thinks it's time to increase the rates. When everyone was doing well minimal increase, now large increases. Talking about kicking you when you are down. Thank goodness for the pre planning for these times.
    4
  27764. Was this a new camera? Makes my tv feel like it's 8k.
    4
  27765. Could you please tell me how you got into modeling in florida? I just moved to north miami and would love to get into it as well as doing extra work if possible.
    4
  27766. More houses coming to market, but each divorce takes two people living in one home and creates two people needing two homes. That might not directly create demand in the home purchase market, but rather in the rental market. And the rental market is directly related to available real estate inventory.
    4
  27767. Long sleeve shirt and no sunglasses, who is this guy??
    4
  27768. Beauty actually improves happiness, they did studies on this. "Besides good health and a harmonious family life, individual happiness is affected by how beautiful you find the city you live in. Beauty scored even higher than cleanliness or safety" - from a really interesting video, https://youtu.be/-O5kNPlUV7w
    4
  27769. I was just down there today. So many idiots on the road (speedsters, texting and driving, cutting between cars, etc)! And I thought all of California was bad.
    4
  27770. Where did you learn to invest?
    4
  27771. Nothing gets paid off. All you're doing is transferring debt. I used a HELOC to buy the land for my next house.
    4
  27772. I've lived in California for 5 years and Florida for almost 10. They both have advantages. Even though it has problems I still like the California scene better. The biggest issues with Cali is the cost of living is crazy and the homeless situation is like nothing I've ever seen. Also gas is almost double the price.If you have a family I would def say Florida although a place like Sacremento is a pretty good city but the houses are just overpriced. Cali is a place to be if you have a lot of money or plan to make a lot. If you just want a regular job and regular middle class life then Florida is gonna be better
    4
  27773. Historic Lincolnville in St Aug. you drove through it. Up coming booming area. Down by the ice plant!
    4
  27774. Crazy that the FED turned the housing market into a casino as a result of low interest rates promulgated since the late 90's. Everyone thinks the goal is to buy a home only to flip it for a profit in 2-3 years. What happened to buying a home to live in it and make it a home and a place to create memories. 4% appreciation a year, not 10% every year for 5 years then a crash. Eerily similar to how the stock market has become. Shameful! Thank the FED and institutional investors for ruining the housing instituion.
    4
  27775.  @MichaelBordenaro  Yeah I think they figure if everyone else speaks it then we can just demand everyone to speak it ha. N Beach is relaxing I love that area and the energy there
    4
  27776. I never have done this but I’d love to live really anywhere Tampa or south for the winter. In the summer meaning Apr-Nov I would love to live in Los Angeles by the beach! That would be perfect!☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️☀️🌴
    4
  27777. My best memories... at age 51 now, are in Forida. I've wanted to move home for ages... as a kid the summers didn't bother me at all. I must transition though in winter (weight gain/20 yrs in the high desert). Somehow, someday... hopefully not alone.
    4
  27778. I am from Orlando. Beautiful city. If you did not had a chance I would recommend the fallowing places: Mount Dora Winter Park Sebring Thanks.😎
    4
  27779. I hope u visit largo florida that's where I plan on moving too
    4
  27780. I agree regarding the pets. They could be expensive. People forget, it's a lifetime commitment that's included in my budget till the end (either mine or theirs lol). GRATEFUL that I am debt free and my monthly overhead is low low low (unlike acquaintances I know who are high maintenance, within retirement age and up to their eyeballs in debt). BTW, great tips. I thought I was the only person on earth who thought that way. Less is best is my motto! :)
    4
  27781. Michael I put in honeycomb insurance they are not writing policies in the State of Florida right now..😭😭😭
    4
  27782. I agree with you Mike B!. In my case, I've been working non stop and last vacation I took was when I went to visit Oregon and explore. That was before the crazy pandemic happened. Now that I'm traveling to Sarasota for the Thanksgiving week break, I'm gonna explore the beaches there, visit restaurants, kayaking, visit the zoo, rent a bike and bike ride to Saint Petersburg and Tampa and possibly bike ride to Venice too!.
    4
  27783. Take a big deep breath and drink a 🍷 😅
    4
  27784. Go for a test drive and review what you see for free 😎 Also the car insurance is brutal on them!
    4
  27785. Kissimmee FL got flooded really bad as well. I’m sure this event will clear out most of the northerners. They will most likely move back
    4
  27786. In my neighborhood, the home three doors down just listed for $470,000 which is about 80k higher than any home in the area. I did a walkthrough and it has significant problems. I have no idea what the hell they're thinking. I feel sorry for the person who buys that home anywhere near that price.
    4
  27787. There is a 55and older community near us, modular/ trailers 150-200k. .lot rent is 1050.00 month...nuts 😮
    4
  27788. People just don't seem to understand that low interest rates for decades are the only reason that this economy has lasted this long. What investor would float a loan to anyone for 3 percent???? Come on America wake up. The party is over
    4
  27789. Hey Michael, another great video. Following you from Montreal, Canada enjoy your videos during the summer, drive me crazy watching in the winter, Thanks Quick question, are the monthly apartment rents much different from ocean front to inter coastal?
    4
  27790. Thank you for this review of Palm Coast Michael.
    4
  27791. Ausralia Reserve Bank put interest rates on hold yesterday but next month who knows and as for My retirement I am saving every cent today for later in the future.
    4
  27792. Best content on YouTube!! Love Michael's experience and knowledge. I trust his opinion.
    4
  27793. Let it crash
    4
  27794. These daily visits are quite welcome. My life’s dream is to wind up pretty close to where you’re walking. Hoping, by the time it comes, will still be possible.
    4
  27795. 90% of felonies are old drug offenses. I have a felony for growing 4 cannabis plants when I was 22. Sex offenders still have to register. Murderers don’t typically get out of prison. Michael you are pushing fear. I’m a excellent tenant and myself and others with old drug possession felonies should not be discriminated against. If we have the financials and the credit that should be enough information to make your decision.
    4
  27796. Michael you back in Miami Beach? Man is so windy here and the Ocean is so rough!!!!
    4
  27797. St. Augustine is my favorite, so much so I just bought a home there. Thanks. Michael.
    4
  27798. Why don't you think prices will drop in your area of Miami and Broward If you mentioned in one of your recent videos that the jobs offered/job market in Miami and Broward still make housing unaffordable to locals and that majority of purchases are from transplants from Cali, new York, and remote workers. Do you think that's enough to hold the high prices of Miami and Broward county? Thanks for all your updates and information! Keep up the good work!
    4
  27799. Great footage! Looks like y’all had a great time, love San Francisco!!!
    4
  27800. Lol 2400 hoa fee???? That's like a 350k SFH mortgage and tax!
    4
  27801. Michael I told you in the past and I sold my house in Cape Coral in July 2022, before hurricane Ian hit. I too had SPS which is known as select portfolio servicing. They were a horrible horrible company. Back in 2017 I was a year into my bankruptcy, and they try to stop you from buying a car. The trustee of the Court overseeing the bankruptcy said SPS you can't do that cease and desist. 😁 In my life right now I'm so glad I got rid of my house, was I getting out of federal prison. 🤡
    4
  27802. This guy fuxxxx! 🐊 ☀️ 😎
    4
  27803. Basel 3 banking rules are coming into effect soon. This will restrict bank lending.
    4
  27804. It's a simple awnswer.......PEOPLE AND CORPORATIONS ARE TOO GREEDY.....AND .....IT'S THE END OF THE DOLLAR.......GREED DESTROYS EVERYTHING.
    4
  27805. Thank you. This video was so informative and fun!
    4
  27806. 100% of mortgages in Australia are ARMs? No fixed rate mortgages? How is that possible?
    4
  27807. Yay!!!😃Awesome Day Trip to Frisco Michael!!! I hope you both had a nice visit on the Embarcadero!!! It's Beautiful at night too when the bay bridge lights turn on!!!🌉😎🌴
    4
  27808. It’s all by design. These large cities are purposely being allowed to self destruct so that the 1 percenters can buy prime real estate locations for pennies on the dollar. Then the laws will be enforced to protect their investment.
    4
  27809. You should check out Blowing Rocks beach on Jupiter Island.
    4
  27810. Talking about cold water, compared to Miami. In my opinion, when I visited south Florida. I thought it even felt like the water was colder in Fort Lauderdale, versus south beach. Or is that just me?
    4
  27811. If you want a treat, the next time you are in TV go to one of the sales offices and sign up for a free bus tour
    4
  27812. Im not an expert on loans but with credit score 850+ in 2013 I struggled badly to get 166k loan , it was a rollercoaster ride and very stressful one - we made an offer on a nice house and got rejected by 4 banks - finally got accepted at suntrust bank - the problem was that I allegedly paid too little taxes and that is supposed to be the main criteria that banks are checking while considering your loan application - my loan lady told me that anything above 600 points will do and that fat bank account won't help you much - so taxes my friend , taxes is the key
    4
  27813. Naples and Sarasota were great suggestions, Venice would also fit in there, Miami Beach and the rest were just like telling someone moving to California that San Francisco or L.A. are where they want to be.
    4
  27814. For the algorithm.
    4
  27815. Only houses able to withstand a hurricane should be built there, we all know mobile homes are unlikely to be able to be towed to safety in time, not when the highways are full of bumper to bumper traffic.
    4
  27816. It is very stressful, i understand what you are saying somewhat, I live in downtown Philadelphia, terribly small streets, potholes, and some long lights
    4
  27817. Never a shortage of spineless scumbag flippers looking to make a profit, and rob the true enthusiasts of their muse. Glad you were still able to splurge and attend the Metallica show. Must’ve been epic!
    4
  27818. SWFL is a much more quiet than Miami. That is why we chose the Charlotte County area. This area is also full full of Families and Retires. Florida takes a little adjusting but its like any place you go to. Great Video.
    4
  27819. Looking very nice.
    4
  27820. Good video Michael, I'm liking the beach review idea. Keep em coming.
    4
  27821. Saint Augustine rent seems bonkers but Jacksonville and Daytona aren’t bad.
    4
  27822. Tax liens is possibly the worst claim you can have on a title. The mobsters will take your property because you didn't pay protection payments.
    4
  27823. I think 30% is too high. That's more than one week's income. When I had a mortgage, it was between 15-20%, and I thought that was a nuisance. I can't imagine 30%. Save money to put down on a house so that you're not house poor. When you finally pay that off, then you'll be in a much better position if and when you want to buy another.
    4
  27824. If it walks like a duck, Sounds like a duck, and Looks like a duck, then it’s a DUCK! Same with a housing CRASH!!!
    4
  27825. I was 1 of the lucky ones I got hired as a teenager at a fortune 500 company. I was 49 years old and had been at my company for 30 years. Over those years I bought everything I wanted in my life, Everything from Harley's to hot rods, tools, Boats, 4 wheelers,Real estate,tractors, And cash. I worked mostly 60 hours a week, I sacrificed a lot But it paid off. The key is living within your means and having no debts when you stop working. I gave up on wall street many many years ago and glad I did I got burned too many times.
    4
  27826. ARM's are poison.
    4
  27827. This is the first time I have ever seen a house that looks like a 300k house selling for over 3 million . A one car garage and a disgusting driveway with almost no yard?
    4
  27828. Very beautiful neighborhood but I’ll never afford it but I can admire them😂
    4
  27829. Glad you are having a nice time in California.
    4
  27830. Very cool! My favorite is The Marketplace Village. They are all great, though! Job well done, Michael!
    4
  27831. What? You mean I can't get my food delivered for free? No way.
    4
  27832. Please stay away. I live in the Midwest ☕
    4
  27833. When I turned 40 the feeling that I should have had my sμ¡t together by then hit me hard. I realized that some look back to their big moment and some look forward to that big moment.
    4
  27834. Very nice.... Moving right in... LOL!!!
    4
  27835. Doom & gloom, meanwhile while walking buy multi million dollar homes with cars costing well over $100,000 parked in the driveways. First world problems I guess. Kidding aside, enjoy the videos.
    4
  27836. I am planning on retiring age 62 - only 2 more long years! Won’t have medical insurance until 65. Thinking about becoming an ex pat somewhere. Got a passport fir England as well as my USA passport - they have freee insurance. Sad I must leave my country.
    4
  27837. I love all your videos💖💖💖. I am planing to move to Florida but still I don't know where area. I am thinking St. Augustine or Maiami. You are so cute/ so handsome 😍
    4
  27838. That was a good video, but while those are nice houses, they're not "mega mansions." I'm not even sure they're mansions.
    4
  27839. I think they'll come down. Also, don't be afraid to offer less.
    4
  27840. Just sold my 1986. It needed renovations done on the inside, outside was completed by me already. Got a great price and then moved out of Ca. Just bought a house.
    4
  27841. Parabéns Michael!! ahaha vou escrever em português porque você é meu amigo e já entende português! muito bom seus videos, entendi perfeitamente! sucesso!
    4
  27842. Willian Ladessa Uhuuullll!!! Que bom que você gostou primão.😎Vc tem que vir pra cá e praticar português com ele.🤓🇧🇷😘
    4
  27843. Hi Michael I'm not sure where to go to just ask a question to you but I think it'd be interesting for us midwesterners to see what a Florida Fourth of July is like at the beach!
    4
  27844.  @MichaelBordenaro  Ah, Cool! That would be awesome! 🎆
    4
  27845. So the Seller will have to pay regular income tax on 100% of the gain, since they lived there for less than 2 yrs. If it was their personal residence.
    4
  27846. Just leased out our 1929, 3bd + 1 bath for $3500 a month in LA. There's also a backhouse 1890, 2 bd+ 1 bath bringing in half of market rate right now. No dishwashers, no garbage disposals with through wall heat/AC. Not selling inherited homes.
    4
  27847. I like your mentality on sales. A good salesman genuinely cares about their client.
    4
  27848. San Francisco housing/silicone Valley is Crashing! Everyone leaving San Francisco is going with their 300k average salaries to other parts of the country.
    4
  27849. The issue is no one wants to lose money, and there is nothing wrong with that. Sellers do not want to come down in price, even though buying power is down 40% in the last 12 months.
    4
  27850. Regarding the 80yrs in the future situation, does that mean the Caribbean islands would be gone too!??
    4
  27851. If you allow people take out FHA and not paying PMI to buy at the middle of largest housing bubble… you are intentionally failing people, that is evil.
    4
  27852. Pinellas County is definitely feeling it. Most condo associations saw a 125% increase in their premiums for 2023. The average you quoted for property taxes must be for a house in the hood.
    4
  27853. Insurance companies are.... Crooked.... It's kind of like the casinos they've always got the upper hand
    4
  27854. NAR had demographics of home buyers in 2021. 32% boomers, 24% genx. millennials are 37%. This might be just a gut feet that remote work did that, why not just consider the fact that boomers and genx are cashing out on their bloated value paid off properties and value trading for smaller or bigger things paying cash\equity on top dollar asks exacerbating the market for everyone else?
    4
  27855. Very good presentation young sir.
    4
  27856. I’ll tell you why it’s time to sell! Because the rent is too damn high!!
    4
  27857. Michael, you are living the Life !!! ....Great video!!.....Thank you for the 9 min. Vacation, now I have to get the sand out of my sneakers.....LOL
    4
  27858.  @MichaelBordenaro  Brother you are saying EXACTLY what I have been saying all alone! I told my wife last spring (April) there is no way there is a housing shortage. Was there a hurricane, fire, earth quake that destroyed a bunch of homes? Was there a baby boom, mass migration of immigrants or population growth in the US? Why was there not a shortage in housing before 2020? I tried to research on Google why there was a shortage of houses. Google just had a bunch of propaganda that just didn't not make sense. Never watched YouTube till last spring when I really started trying to figure out what was going on with the house market. You are the first YouTube Channel I have found that thinks like me about the shortage. Gave up buying last Fall 2021. The last words I told my realtor in November is I am going to wait for interest rates to go up (way before rates started rising). And I honestly don't know much about real estate and the stock market. But I never have had FOMO either so I can think a little better than the emotional buyer.
    4
  27859. Regret is a big waste of energy. Keep moving forward.
    4
  27860. Essentially the markets died in 08 but now it’s just a Fed induced system. Supporting the stock and bond markets daily.
    4
  27861. As i was thinking about buying a condo because its so much cheaper than houses in my area for the same sqft, and you post this lol
    4
  27862. That mall looks really nice! I think I would be too shy to film with that many people around lol
    4
  27863. Michael how do you feel about a vacancy tax? I heard that about 11% of SFHs are vacant right now. There are obvious trade offs to either side, but I’m just struck by how sellers pay no cost for holding back property but force the costa onto the rest of society.
    4
  27864. It is a good time to buy a house. A cheaper house. Sell you home in your overpriced area and buy a cheaper house in a more affordable area. perfect time (assuming you are paying cash, since you sold your overpriced home).
    4
  27865. Another great one, enjoy the cool weather.
    4
  27866. Hello! I just found your channel! I've been strongly considering moving to FL with my 17 year old daughter. I make a modest income and I am approved for a mortgage of $190,000... what areas would you recommend that is safe and not stressful for a single mom but not too boring, so my teenager will find it fun and will have opportunities different experiences and jobs. I want to stay away from anywhere that has issues with racism too.
    4
  27867. No matter when someone is born they should be able to figure out what they need to do to survive on their own. It's called, overcome and adapt. If it means not buying bs or eating out then that's what it takes. Live within your means.
    4
  27868. The Open Door will soon be a Closed Door...LOLOLOLOLOLOL!
    4
  27869. Get out of debt, save as much cash, gold/silver as u can. Sell crap u dont need for extra cash. Then once real estate crashes, buy buy buy! Its not rocket science but it does require a plan and lots of patience.
    4
  27870. I look forward to your videos everyday..thanks Michael..you cover a lot 😎
    4
  27871. I've lived in Sarasota County for the past 44 years. It's now becoming paradise lost. Way too much growth and it's time to find another small town. I did enjoy it prior to the never ending development. Oh well it's progress as they say. North FLA will be our next home.
    4
  27872. Nice videos Michael, I’ve been watching your channel for awhile as I plan my exodus from NJ. I’m thinking either in the area by you in Miami or up North Palm / Juno .
    4
  27873. The early 1990's was the last time there was a stable economy. No big moves.
    4
  27874. Having a weekly beach day and posting a quick video is a good idea! Then post a compilation at the end of the year of all the videos!
    4
  27875. I hope Michael doesn't get sunburned!!!
    4
  27876. Highly Interested in the Tampa analysis
    4
  27877. Welcome to bidenomics.
    4
  27878. I lived in L.A. for three years. I just moved from Hollywood back to Atlanta last week. The filth is atrocious. And the homelessness is nothing like I have ever seen. Not to mention renting in L.A. has many caveats. Having to buy a fridge, possibly not having central A/C and lack of parking. No it’s not worth it to me. Food is much better back home haha
    4
  27879. Are you familiar with condos that require joining a country club as part of the purchase? I'm seeing several of these types of condos for sale at really good prices in the Boynton Beach area. The condo prices are low but require $40-50K membership into a country club.
    4
  27880. I loved driving A1A back in the 60s when I lived in Pompano Beach. It was just a narrow black-top road right along the beach. It was just tropical lushness with lovely homes nestled among the sea grapes. No hotels! It would end at certain points due to inlets and beach outcroppings, and we would have to detour to US1 and get back on A1A at another point. It was a beautiful drive.
    4
  27881. Great Video !......Thank you for showing all of us the " Villages".....It's really a neat place......The whole concept is Brillant ; to build this " Disneyland" for seniors in the middle of nowhere.....Very Smart !!....Once again, Thank you..
    4
  27882. Great video as always Michael, so what are you expecting for the Florida market. Is the Florida market made up of more secondary home buyers? It just seems like the median home price in Florida exceeds the average salaries,
    4
  27883. I'm not a fan of St. Augustine. Wayyyy toooo touristy, busy and crowded but enjoy!
    4
  27884. Best beach in Florida
    4
  27885. 🔥🔥🔥
    4
  27886. Regarding the savings, my sister just recently declined renewing her (open enrollment) health insurance with her job.. So she can have that extra $500 back on her paycheck so now she’s not gonna have any health insurance but she’ll have an extra $500 every month back on her paychecks. I don’t know how to feel about that
    4
  27887. We are living a historic period of history that began with the pandemic that triggered the real estate frenzy, and the reverberations that are probably going to be felt around the world for many more years. Here in the US, RE prices and sales soared dramatically, why shouldn't I expect them the fall dramatically?
    4
  27888. Love the huge yard!!!💯😎🌴
    4
  27889. Well said! I’m in the Tampa area we’ve been getting the Spring Break crowded but more so families . The amusement parks and zoo are packed. I know Clearwater and St Pete have been having similar problems with wild spring breakers.
    4
  27890. Fort Meyer area please.
    4
  27891. Like musical chairs, when the music stops, there will be no seats left. So yes, it’s best to safeguard your money like a hawk.
    4
  27892. What sort of fuel milage do you get highway vs citywide?
    4
  27893. Great video but when it comes down to it a high rise building made out of steel reinforced concrete must be avoided at all costs. I would not touch 2 and three story building for that matter. Find a building made out of steel. Buildings having issues at 50 years is not right. Overall if you are willing to put work into a house it is a better deal over the long run. If you have zero skills a condo will end up costing the same money as a house.
    4
  27894. Florida can be transient but the population is growing.
    4
  27895. We need to divide houses by 4 then discount from there…the market is out of balance with aggregate incomes High housing costs is destroying America—just LOOK at the entire economy it’s all shutting down. Once the layoffs really start to hit (it’s already really bad) the foreclosures are going to be epic
    4
  27896. Just know traffic is heavy(before COvid of course). Florida has seen a huge population growth and unfortunately traffic has become a problem. Orlando is seeing a lot of road construction so be careful, I-4 is one of America’s deadly highways. Also from a political perspective we like our “no state tax” status. There have been calls from democrats to change that, 🤨🤨unfortunately. That would ruin a lot. Good luck.
    4
  27897. I got a $20,000 Christmas bonus said no one except people who are laying off people
    4
  27898.  @MichaelBordenaro  yes. I agree, I love the rain tho. when im home to enjoy it while painting or writing, meditating etc. love florida rain. ill take more rainy days than scolding hot LMAO.
    4
  27899. Do single family houses keep a better value ?
    4
  27900. For my half of the rent for my apt here in socal I might as well be paying a mortgage on a decent home in Florida!
    4
  27901. Wow..and I am from Miami Beach..
    4
  27902. You come across as very sincere, honest and authentic in your videos. Keep doing what you do; staying the kind, non-pretentious and on point individual you are and you will succeed. I discovered your channel while learning about Miami. Now I am following you and your journey.
    4
  27903. Thank you so much Michael. You will always have my support. Have a great night.
    4
  27904. Keep up the good work.
    4
  27905. Must be Hunters pad 😂 I wanna say greedy owners, but I feel buyers need to better educate themselves before a purchase of that size. I have always said things are worth what someone would pay, guess I'm greedy😂
    4
  27906. As you say Michael, the interest rates post-increases will still pale in comparison to what we saw in the late 80s and early 90s.
    4
  27907. I love your channel. ❤
    4
  27908. central banks = criminal enterprise
    4
  27909. We need a deflationary depression.
    4
  27910. I wish you were the govenor of California. This state would be in better shape because you would be honest with people 😉.
    4
  27911. Hi Michael, I noticed that in December of last year when I visited the water did not seem all that clear or of the blue color that people most associate with that area. Is this a seasonal thing?
    4
  27912. Florida has to much Scamflation! Ditch that beach! Head up to Yosemite!
    4
  27913. It's only a good time if you find the home you really like, you can afford the mortgage with the elevated interest rate AND the price is on the trajectory it was in 2019. The gains in equity in 2020-21were artificial. I'm in California(Bay Area), if a home drops in price by like 20-25%, It's a good buy if you can afford it. Interest rates aren't going down anytime soon. I see price reductions of 2-3% by some sellers, no one's biting. I've seen $1.2 million home slash by $200k, still no takers lol.
    4
  27914. That's awesome, Michael! What were they talking about? They asked you your top three places and then had their own list? Lol
    4
  27915. You can buy a home if you have enough for down payment and have a decent credit rating, I think you forgot to mention you also need a job unless someone will Co-sign for you.
    4
  27916. If I am doing a flip, All drywall is coming out, now I can see electrical, plumbing , ac, termite damage, fire , mold, insulation. Camera in sewer. 80% of fires are electrical. Drywall is cheap.
    4
  27917. same thing happened with my bank they said they never got my mortgage payment check, i cancelled the check paid them over the phone then low n behold a month later they’re trying to cash it, almost got double dipped on, so now I just call them every month and pay
    4
  27918.  @MichaelBordenaro  thanks for the response. I'll narrow my search for apartments and jobs to Brickell, Miami Beach, and Downtown Miami. I appreciate you. Miami is ranked 5th in cities to live without a car and walk ability
    4
  27919. You should do like a keys tours. Key largo, islamorada, etc. down to key west. I have been to key largo and key west, but would like to stop in between and chill out. Key west these days is sooo expensive. But for a weekend it’s fun! Anyway, cool insights!
    4
  27920. I like the driving video! 👍🏽
    4
  27921. Bordenaro reminds me of Father Guido Sarducci from the old SNL episodes ✌️😎
    4
  27922. I am interested in West pam beach
    4
  27923. I would love to visit someday! California is a beautiful state to travel too. 😎
    4
  27924. All these programs punish only the responsible people. A lot of us got no Covid stimulus or kick backs. We are the ones being punished. We all Should have said f-it and run up huge debts and fall behind so the government can bail us all out too.
    4
  27925. I have lived in Los Angles on and off for a few years now but I am now so excited to move to Florida, when I finally got to visit I was in love with the super warm weather (I despise cold weather) and then I learned how affordable the living is compared to other booming states.
    4
  27926. Beautiful🌌🌵🌴
    4
  27927. Not related to the video, but I see it’s going to feel a bit like Illinois down in Miami this weekend, record cold for that area
    4
  27928. I got a 25 cents raise last time around. That hardly keeps up with inflation. I am looking for.a new job. But navigating the trucking industry has gotten tricky
    4
  27929. It would be great if you can do a video on buying land in FL and building your own house. I heard its much cheaper to buy land and then take loan on building your house.
    4
  27930. Stop banging on FLA bro the quality of life is amazing here (Born in NH)
    4
  27931. I retired in 2021. I don’t have a million dollars. OMG. Wait…. I don’t have any debt. Does that matter?
    4
  27932. Same issue is happening by me in Upstate NY. Too many sellers pricing things very high still even though they may have bought the house for a song. I don't see a lot of price drops yet. It's going to take more time, for sure!
    4
  27933. Another thing. People do not have a clue how much maintenance costs. It’s a house. Things break and wear out all the time. If you can’t fix it yourself, you pay...thousands.
    4
  27934. Hello Michael. long time no see. Great video, you look really good. Question: where did you get those glasses and what are they called? Keep up the good work bro. You should take a look at how much the rents are in West LA
    4
  27935. Very pretty neighborhood in today's video
    4
  27936. Thank you for the info Michael! Appreciated! Yes! Practically overnight! I have family that lives near Palatka Florida which is centrally located in N Fla. and it’s never built up in 40+ years and now all of a sudden the traffic is like tripled …bumper to bumper, it’s unbelievable, almost scary.
    4
  27937. Why pay 4 million dollars to have to listen to landscaping all day everyday?
    4
  27938. I’m sure I’m not the only one who is tired of bailing people out of bad decisions. Student loan forgiveness would have been unfair. I had 3 jobs when I was younger to pay off my student loans from college. That taught me how to be responsible and see a contract through. Meta verse- another way for people to avoid being grounded in reality. Another great video, Michael. 😊
    4
  27939. If you want to retire, start saving $$$$$ , or if you can pay off your debt, do that too . The problem is, PEOPLE AREN'T BEING PAID ENOUGH, I am speaking about those people who makes less than $100K a year (before taxes) . Because 100K isn't alot of money when you have so much to pay on . It's more like making $50K and that's it . Just remember everyone financial situation different!!!
    4
  27940. Instead of HOA, we have Amenity Fee which is $164 monthly to have access to the dozens of rec centers/pools/facilities/activities. We own a little courtyard villa in the Spanish Springs area and we love it!
    4
  27941. The birds look like they are hanging out admiring the sun or warming up in the sun LOL Sweet that the lady showed you the dolphins. We have had that experience when have been on vacation as well, we meet really nice people. Surprising that we met really nice people in South Florida, going against what some people say about Florida. It may be related to the positive attitudes we always try to carry and the places we avoid. We love the positive vibes without the outrageous things going on. I understand why you are not really missing home and the heat on a day like that in San Francisco. I imagine, if you go to northern Florida on the east coast, you might find that weather? Definitely enjoyed your insights on Stinson Beach. Thanks
    4
  27942. I know people who took advantage of the eviction moratorium who didn’t pay their rent for over a year.
    4
  27943. In 2004 after back-to-back Frances and Jeanne, property values increased on the Treasure Coast on anything left standing with a roof. Took about 2 years to rebuild and their destruction was about 10% of what Ian did.
    4
  27944. Hey Mike, l just ran across s vid of you jamming on a electric guitar...that's Awesome...multi talented!!!
    4
  27945. HI!!! new subscriber. love that you walk around miami. wish you walk around more affordable areas like coral way, hialeah, little habana or little haiti lol
    4
  27946. I hear you about the Canadian homeowner. But why did they close on a house with a tenant ?
    4
  27947. Come on Mike.... I love ya brother.... Quit giving me crap for living in my parents basement....I tried to avoid it...but I'm back and remodeling for home cooked meals... Win win.
    4
  27948. Music to my ears
    4
  27949. Interest rates are too damn low!
    4
  27950. The affordability that you talk about is the key, but it's so hard to gauge in this unique time. For exp, here in Phoenix I KNOW average prices are too high to be supported by the average income, so prices MUST come down based on that. EXCEPT, tons of people from L.A. and San Fran where they make much more money are moving here and working remote, so the prices are driven up and may stay there even though locals can't afford them based on local incomes. Same thing with New Yorkers moving to South FL. So it's hard to know if prices in these types of areas will ever come down much, since there is an almost endless supply of people from wealthier areas who want to move there, thereby rendering local affordability gauges irrelevant.
    4
  27951. You and Lisi watch out for unhoused 💩😂
    4
  27952. Once you see condos go up in price and are on par with homes you know your at the top.... hopefully in the next yr it all settles and just gets to a normal range in pricing.
    4
  27953.  @MichaelBordenaro  hopefully that way we can move in a couple yrs
    4
  27954. Michael, Your point of view and how you express your thoughts are pure motivation. Keep it pushing brother 💪
    4
  27955. I follow Dan and this great channel. Would love to find similar channel but for Georgia Alabama Ten and SC...anyone??
    4
  27956. I would like to move to the Naples, Bonita springs , Cape coral , Ft Meyers area in the next 2 years
    4
  27957. Seen 40 year 5/5 ARMs at 6.5%, OUCH!
    4
  27958. Omg love this! I’ve seen some very nasty comments from people about new people moving there. Love your channel!
    4
  27959. Lol those 2 kids wanted to be in the video.
    4
  27960. Nice work, I like it. Definately a boots on the ground guy. Thanks for watching for the viewers and keep in coming!
    4
  27961. This entire housing market and especially like Miami etc. are crazy Ponzi schemes ! No real added value, just inflated prices and money floating around by all! Casino mentality!!
    4
  27962. Grandma's cafe charged me automatic gratuity, bunch of BS. She did save the neck for me. I appreciate that.
    4
  27963. -Land Zoing for new home is low -Signal family homes available low -Home building to find trades man low. -Home build materials cost is high -Trucker to get the materials for building materials, gas, pay rise. Reason why deman will stay high.
    4
  27964. You mentioned something about homeowners and auto insurance is higher in FL. What additional insurance costs are assessed in FL vs. other areas?
    4
  27965. Is it possible to find a place that's 1100 or below in Miami beach area . That's nice my lease is up in June thinking ahead.
    4
  27966. This is the best advice ever. Thank you!
    4
  27967. How can I transfer money to my PayPal?
    4
  27968. Michael this video is epic. Surprised that the dock areas looked so deserted.
    4
  27969. Hey Nick, I am married to an American. I started 4 years ago to get my green card. I am being denied because I won't take the c*vid shot, I don't take any shots. I have been married for 18 years to the same man. We have a house there and I work for myself so I wouldn't be a burden to the USA people. I have spent over $15,000.00 and it's all gone. But the US is still bringing in illegals, paying them and most don't even need to get the shot up above or they have already paid to have a doctor give them a fake one. It just ain't fair anymore.
    4
  27970. I am a poor renter😂 I do ok but feel poor lately 😢. I hope the trip is going well. I know the puppies miss Lisi😊
    4
  27971. I agree with a lot of Michael's points, one thing I would note in my observations over the years, people in Florida seem to know how to relax and enjoy life better than a lot of cities up north. It's not to say they don't work as hard, we have working age friends and they bust their ass. But as one of them told me, "I work hard so I can play hard".
    4
  27972. Saw about the building collapse in Miami. I hope you and your building is safe.
    4
  27973. Oh and I got an Oculus, no problem. Hehe
    4
  27974. January every seasonal employee from Amazon fedex ups usps and others will be out of work…. That’s thousands of people in FL that are going to unemployment.
    4
  27975. wow - it would be a long "vacasion" for me - 8 weeks :D - because I would have to try out Miami Beach, Napels, Clearwater and Key West :D
    4
  27976. Grant Cardone likes to hear himself talk
    4
  27977. Let’s move all the crazies to California and sane people to other states that value life.
    4
  27978. Tens of thousands of squatters in southern Spain and police don’t do nothing
    4
  27979. I am 55 going on 56! I can’t believe I am old enough to be your mom.
    4
  27980. I come alive when it's sunny and warm but it's only sunny and warm for 4 months here
    4
  27981. Wow! That is so pretty 😍
    4
  27982. I’ve noticed Pensacola and St Augustine the 2 towns Spain first founded in 1564 and 1565 remain the same - cooler than the rest of Florida and Pensacola was wiped out by a hurricane in 1564 so nothing has changed. Yes Panama City isn’t very close to Pensacola but they’re both Panhandle places
    4
  27983. We need more reasonable priced housing, credit and financing courses for first time homebuyers, fed needs to keep a eye on interest rates, and admin needs to stop printing money. As to verification of employment minimum requirements borrower's should be employed a minimum of 3 years at a company. The company should also be researched on the viability of earnings because layoffs hurt housing and borrowers.
    4
  27984. would like that video re: what to do about stock market savings
    4
  27985. Can A.I. and robots buy homes and cars?
    4
  27986. This has nothing to do with 2008 totally different situation this housing crisis is directly related to investors buying up houses that should have been purchased by the families that are actually going to live in them
    4
  27987. Then why s&p500 making new record s don't be down
    4
  27988. Condo sales are back to 2013 prices, which seems crazy. I've been in Miami Beach (South Beach) looking and keep losing deals due to weird situations, last one we discovered lots of mold. Another one had a trainwreck of an HOA and too many people in arrears. These condos are relatively cheap though. I'm looking to steal a 2bed/2bath for $250k-$400k. I think your chart showing prices going up is because of the high-end condos now being sold.
    4
  27989. young people don’t look for a cushion, they want a place to live first. So upside down mortgage for few years is not that a big deal.
    4
  27990.  @MichaelBordenaro  yes it is just a bad situation. They cant go through and kick all of them out because it doesn't help the one's who are actually looking to change. But the ones who just want to be close to the busy parts of the city to panhandle and buy drugs are just destroying everything. I've seen myself poop on the roads. People peeing anywhere they want to. It's just disgusting and nobody is doing anything to help with the issue. The only solution I see is to just say sorry and kick all of them out. Make doing hard drugs a felony again or at least make it to where you have to go to rehab and stay clean or accept a felony.
    4
  27991.  @MichaelBordenaro  that's exactly it. Put pressure on them and see who really wants the help. If you aren't ready then move to the dessert until you are.
    4
  27992. Thinking of moving to the Saint Augustine area but also really looking at Palm Coast. Any thoughts on Palm Coast? Also what would the commute be like to Jacksonville from Palm Coast? Brutal with traffic?
    4
  27993. It’s mostly about budgets and taxes. Our governments (federal, state, and local) do not have the financial resources (that is, tax revenues) to arrest, prosecute, and incarcerate everyone who can be charged with a crime, so they focus mostly on violent crimes. Some of those crimes are plea bargained away to save money.
    4
  27994. Good to see you made it to Nor. Cal.!!!
    4
  27995. Buyers should not be on their own with this stuff That is the problem. We have this bloated and ridiculously useless though expensive real estate 'industry' and buyers can't get basic technical info on the product they are buying?? This is UNACCEPTABLE. If any laws need to be passed it's ones that force this type of information to be public and to be made available to prospective buyers immediately upon demand. The alternative would be JUST DON'T BUY CONDOS. Buy a HOUSE!!!!!!
    4
  27996. Good thoughtful video. Thank you
    4
  27997. If I meet you on a streets of Naperville, IL walking and making video - I'll by you coffee :)))
    4
  27998. Home prices will explode when it hits 5% again if unemployment is still low.
    4
  27999. Great to have very supportive, open-minded parents when making a huge life decision like moving away from home to another state. Your mom is down to earth and your parents are truly happy for you. Great interview!😊
    4
  28000. Gas prices are rising again
    4
  28001. Hey Michael, nice vídeos. I wanted to ask you if you dont mind, to make a video of all the city's in Florida that you dont need a car. I'm interested in walking from any neighborhood near stores, clinics, hospitals, schools, parks, beach, etc. Thank you.
    4
  28002. Another day, another dose of reality. Venice looks nice. I still favor Ocala. If I got a windfall it would be the Villages (Marketplace). Really dug your Villages video series.
    4
  28003. Damn I would need 4 wives just to afford a house in Miami LOL
    4
  28004. I don't know if the developer would go for it, but if I were offered a buyout, but didn't want to leave, I'd ask for a unit in the new building. Although I guess some of these people are too old to wait for that.
    4
  28005. Bubble economy? That's just capitalism. That's how capitalism works.
    4
  28006. Good idea to add a tax for foreign national who is buying real estate in the US. But then Brickell will be a ghost town..........😂 BTW, I reported DERM for illegal dumping of dirty water in the Bay around 5400 North bay Road. You should do the same. It is illegal. Contractors must use or install a drain to dump waste water. That contractor is saving $$ by contaminating our Bay.
    4
  28007. Re your neighbor’s water bill problem. She needs to check her bill to see if the rate is increasing or the water usage is increasing. My guess is usage. That could be caused by an undetected leak which a good plumber (first class plumber) can find or a faulty meter which happens frequently. Her water company can help her. They may send someone out to assess.
    4
  28008. If you work a “regular” job, you get two weeks.. Max is three weeks. Sometimes they tell you that you cannot go when you wanted to. This usually falls when your children are off from school. It’s very frustrating. It takes two weeks to just decompress from the job. It’s NOT long enough. I think this is one of the benefits of working for yourself. Also, there is the real fact that a lot of people out there have not saved up enough for retirement. Or they get fixed on a goal, and wait until they are almost 70 to retire. You are young. Enjoy every moment, because when you reach the “older years,” you are like an “old dog.” You just want to find a nice comfortable spot and take a nap. I was going to take a cruise but with things the way they are, I’m not sure I should. My system is pretty fragile, and I’d hate to roll the dice and come up “snake eyes,” if you know what I mean. Thanks for the perspective.
    4
  28009. I don't live on the beach front but really like my condo. I don't ever see a time when a developer comes in & buys controlling interest to tear it down. Living in a High PRICED BEACH FRONT Miami market is a totally different scenario. We had unit owners that rented but they are gone. In my condo its all owners living in here. I pay a FRACTION in Taxes compared to a Single Family Homer owner !
    4
  28010. Don't listen to the haters, all points of view should be heard my dude.
    4
  28011. Simple Life community in FL is offering up to $20K on move in ready homes
    4
  28012. Cool place! Is it affordable to live there?
    4
  28013. Belvedere is a very pretty little town.
    4
  28014. Another Great Video Michael. So glad you never run out of material.
    4
  28015. Great video. My company hasn't officially laid anyone off yet. However, they haven't replaced anyone that has decided to leave in the last 6 months to 1 year. My office of about 55 how now become about 28. The main reason so many have left is due to them announcing they are changing locations 45 minutes away from the current location and many didn't want to make the drive with higher gas prices or just felt uncomfortable about it. I was told there are no plans to hire until they "reassess" after the move in a few months. As a supervisor this is killing me since the team I have left is getting more and more stressed, overworked and I can't help them since I don't have resources. Things have changed so much in my job market too. Car sales and lien paperwork for our clients. It's been drying up.
    4
  28016. You need to see if it's affordable for you to hire someone to edit and load videos while you keep creating them...just a idea hope it helps!! Oh wait maybe lizzy can help doesnt hurt to ask creat a team good luck on your future and we love your videos 😁
    4
  28017. When looking on Zillow, you can see the monthly price drops on homes. It's laughable, bc who is going to buy when next month will be cheaper again?
    4
  28018. I'm thinking of moving to Florida. Your videos are awesome Michael, great stuff. thank you
    4
  28019. I absolutely would be interested in buying that property,........as soon as they take that last 0 off of the price. $79,500 works for me. I could have the cashiers check in the buyers hand within 24 hours.
    4
  28020. Hello Michael :-) I live in a house in Florida, the residence has a HOA and some rules are sometime very weird. But I did not know that condos have so much strict rules about guests etc... - although I assume rules change depending on the buildings and areas - Thank you for your videos! It's always full of good information.
    4
  28021. 💖🙏🏾
    4
  28022. Perhaps a convenient time to buy stocks in Defense, Tobacco, Alcohol & Prison sectors ?
    4
  28023. Hey Mike - love the video's - It's like I want to be there yesterday I'm from the same small town that John Cafferty hailed from - You resemble Pat Lupo - the bass player - Anyone else from Providence R.I.
    4
  28024. Yeah. Rates go up price goes down. Should probably wait for that swing. Like 6 months? I dont know.
    4
  28025. The colors of the bushes in the open are gorgeous.
    4
  28026. It's not hippy, I'd love to watch tropical nature videos :)
    4
  28027. Who assumes the bad debt of this bank? ...certainly not JP MORGAN.
    4
  28028. For a moment, I thought I clicked the wrong video.
    4
  28029. For the algorithm.
    4
  28030. Wisdom shining bright, thanks for doing your part shining your light to help see clearly, diffuses away confusion 💖🌞🌈
    4
  28031. not leaving but can relate to all points!
    4
  28032.  @MichaelBordenaro  yes, I can see missing certain things about an actual house. I moved into my brand new home exactly 14 years ago ... Love it but my dream , like I said, is to live right on the ocean ...I don’t even care if it’s in a shack! LOL jk
    4
  28033. Before I watch, as someone who’s here and was waiting to buy…..I think I’m out. 😬 Tennessee is looking better. 😅 I lived here 114 days before this historic hurricane flew by my house. I still don’t have power or sewer service. Another day in paradise!!! I do love it here though. I’m just afraid of a hurricane hack job house.
    4
  28034. This is a feature!
    4
  28035. Great video! Very informative. Thank you, Michael!
    4
  28036. Always trying to learn from others, keep up the good work! 🙂
    4
  28037. Maybe you should open your own bar and bring CA's nightlife to Miami
    4
  28038. Outsiders from the area love to come to the squares to enjoy the free music.
    4
  28039.  @MichaelBordenaro  I did a video on the cost three years ago. Have about 500K views on it.
    4
  28040. If mortgage rates hit 10% that’s a 3500 monthly mortgage payment on a 500k house (with a 20% down payment and not including taxes, insurance, etc.) Lmao prices have a long way to fall and it’s not gonna be pretty
    4
  28041. Always so informative and insightful! Thanks for all of your great vids and experience(s)!
    4
  28042. Destin!!
    4
  28043. HAPPY BIRTHDAY, MICHAEL, keep up the good work , enjoy your day,
    4
  28044. I saw that real estate scam video too. It really sucks for the people. They may have to leave the country due to the financial hit.
    4
  28045. Well said bro, this next year will certainly be interesting I believe. Stop complaining about the background noise in the video, lol. It could be worse, The background is killer and was probably 80 degrees, u poor guy, u could be back in California where it is now in the 50s or less!! Bet you had shorts and flip flops on as well, dang u suck! Hahaha.
    4
  28046. Just saw a stat that the tech layoff season has just started and they've let go 120k+ people, whereas during the dotcom layoff they let go of 107k people. And the source was saying that this is just the start of the layoffs for Q4. So the highest earning people that have these remote jobs are getting let go and will probably have to relocate back to wherever they were living before to get a new job.
    4
  28047. FED will go to 6%
    4
  28048. Great video and information! Can't wait to try it!
    4
  28049. TGIF!!! Merry Christmas!!
    4
  28050. Good information on the programs thanks!
    4
  28051. Thank you Michael 😊Yes a live would be interesting to see but so sad 😞 Happy Halloween 🎃 👻☠️💀
    4
  28052. The poor lady should have just continued to rent. Bad move on her part. You have to be smart in this economy.
    4
  28053. I live in suburbs of Chicago. 3% cannot be accurate. Prices have increased dramatically over the past couple years.
    4
  28054. I have Heritage for property insurance, not looking forward to the premium bump ☠
    4
  28055. Yeah! Travis 😊
    4
  28056. That's amazing dedication to view in a year the status of the area. My brother lives near by when he buys I'll make sure he reaches out to Michael! He's in Psalms Beach
    4
  28057. L.A Ca is starting to crash now
    4
  28058. Most of these counties don't even have their own Publix (I did some Google Maps research does now). On the surface, it seems like an odd factor but I used that because I feel it shows a lot about the county's economy or a lack of people.
    4
  28059. The last thing the market home folk want to do is lower prices. Lowering values means property values go down again. Counties do not want to lose the potential revenue, sellers do t want to lose the thousands of fake value their homes valued at. This is one of those times where supply demand has negative effects. Maybe homes need to be assessed on what they are actually worth.
    4
  28060. Great reason to sell and buy NOW. I own my home and want to upgrade. Simple math. Lets say that my home is worth $500,000 and I want to buy a $1,000,000 home. It would cost me $500,000. If housing falls by 20% my old home is worth $400,000 and my new home will be worth $800,000. I just saved $100,000 ($500,000 cash plus my $500,000 house versus $400,000 and my $400,000 house). Now we reset the prices of two homes in one transaction. If you have the cash this is the time to start looking to upgrade.
    4
  28061. Hey Michael, just ran across your channel and I'm glad I did. I am in the military and am getting stationed at Tyndall Air Force Base in November located in Panama City Beach. Just curious as to what your thoughts are on the area if you have been there. Maybe you can make a video on PCB and your experience. Keep up the great work on the videos. Thx!
    4
  28062. I know its miami and some are on the beach but man...$3000 and sometimes even more...this is why more people now a days are homeless..rents are more then a mortgage! Keep up good work
    4
  28063. Thats awesome Nicholas, I know you have mentioned and commented about the pandhandle before. Sounds like you'll love it here!
    4
  28064. I moved to Florida almost 3 years ago....the hardest thing I’ve had to adjust to.....the crazy driving here. 🥺. You need to do a video on defense driving in Florida. 😛. I was not aware of all the different drivers....drivers from the Northeast, drivers from the islands, drivers from other countries. It’s crazy here. 🤗
    4
  28065. Yes I am! Love that you are getting real and opening up. So many struggle with feeling stuck. We moved back here last year and man the first 8 months were beyond brutal but the last 4 have been amazing and actually choosing to change my perspective and get back outside. After loosing my Dad (even though he is my Father in Law he has been my Dad for 23 years since my husband and I married) on Halloween last year unexpectedly only 2 months after moving here to be close to him and other family our world honestly just came crumbling down. Then Covid hit and that was a whole other loss of a business we have had the last 14 years and had just hit a stride in FL after relaunching here. We ended up deciding to buy some kayaks just to get on the water and try to begin healing and I am so thankful we did. Now I am beginning to love here even in the midst of grief. This State is beautiful and has so much to offer if we can simply change our perspective and focus on the beauty here.
    4
  28066. You’re very lucky!!
    4
  28067. My rent has gone up 9% a year the past 3 years
    4
  28068. Great video! So true about people leaving in droves to move to the sunbelt. It will be interesting to see how things continue to unfold. (Love the bride having her wedding photos taken in the background.)
    4
  28069. Thank you very much for this super video I really appreciate it :)
    4
  28070. Student loan forgiveness is a method to win election. Remember, these students borrowed voluntarily, not at gun points!
    4
  28071. Condo is like a hotel once a month the maintenance guys open my door unit when I was not home and sprayed the pesticide all over or for other reasons
    4
  28072. Michael love your channel . Im a realtor with exp. Sold 12 of my rental properties in 2021 im afraid of rent control !
    4
  28073. I love your honesty. You give it to us straight; no sugar coating, no bull. Thx bro 🧚🏽‍♀️✨
    4
  28074. I’m glad I purchased my home in April 2023, I was actually able to get 5.15% interest rate.
    4
  28075. Crazy about the taxes . I just subscribed learning a lot.
    4
  28076. In the near future there will be more on water living than on land!! Florida is overtaken by the sea level rising and there is literally nothing man can do about that!🤷🏻‍♀️ so we will see more houseboats 👍🏼where I wouldn’t mind living on one❤️⛴⚓️
    4
  28077. Where do the people who work in the Starbucks live?
    4
  28078. Can you do an ART DECO walking tour of South Beach?
    4
  28079. I invest in the stock market. Last September seeing what was happening on banking regulations meant I should invest in BDC's. Made great money and even better returns. Now, I'm investing in mortgage REIT's knowing when the Fed starts reducing interest rates, their portfolios will increase in value and therefore the price of the stock will go up. I invested in MPL's owning pipelines two years ago when everyone thought the world was coming to an end. I can tell you I retired very early investing in this manner and live on investment income that pays out a dividend income stream of 11.05%. So, yep, I've had a good year as usual with an income stream growing at a faster rate of inflation. I learned how to do this when I was much younger, while my friends were watching football, I was reading micro & macro economic books, track data and the S&P 500. Every day, I spend about 2 hours reading on what happening around the world. You'd be surprised at how so much is so inner-connected. Great knowledge for investing and beats going to a crappy job dealing with people you have absolutely nothing in common with.....lol.
    4
  28080. Looks like your close to Sunny Isles/Aventura
    4
  28081. Nice video so I clicked the Like button. I live in California but I don't hate the people post this kind of video "Leaving California ..." because they help not to add more traffic to the Californian commutes. They also help not to make the housing prices to go up so high so that I don't have to pay more property tax. The housing this summer just went up only 5%.
    4
  28082. Thank you Michael,keep us informed!
    4
  28083. -1.4% GDP loss and a 10%+ real inflation rate. We’re already in the recession lmao.
    4
  28084. Often I will see a nice Condo in Philadelphia that would suit my needs. Then I see the HOA price is totally bonkers out of hand which puts it instantly out of budget.
    4
  28085. Market Square definitely looked more lively :)
    4
  28086. Thanks for keeping us updated on FL bills being considered pertaining to RE, Michael. Very interesting!
    4
  28087. That's a nice birthday gift. A memory is always better than a store bought gift. Thanks for sharing it!
    4
  28088. Thank you for sharing this information. I don’t live in California but I had no idea that is what happens when your home is completely destroyed. Your video makes me want to sell my home and be a renter for the rest of my life…except rents are more than my mortgage right now 😞.
    4
  28089. Wow Cape coral. I gotta check this area out. Good job on the houses sir Michael!.
    4
  28090. Yes, a measly $12.5 million for a house...mere chump change if you're in the top 0.01% of all household earners. What really got me was the person trying to rent out their house for $17,000/mo. This would require someone to have an income of over $600K before taxes to afford making you fall within the top 1% of all wage earners. However, most people within the top 1% of wage earners are likely homeowners so you're talking about a real small pool of 1%ers who would even consider renting a property like this without a price drop.
    4
  28091. sucks but Insurance is not a charity in the end it's a business just like any other.
    4
  28092. Wants and needs
    4
  28093. Its pronounced Katie
    4
  28094. Hi Michael 🥰 it seems people from Florida will not be able to afford a house or condo for those who are renting. The people who will be able to take advantage are the people who don’t live permanently in Florida who are looking for a house to have away from their home or those people who sold their homes for a lot of money.If the median house hold income is $44, plus. That’s definitely sad news for the Floridian people who had there hopes up high in purchasing a home or condo. Thank you Michael 🥰
    4
  28095. Thank you :D
    4
  28096. We had a huge lack of building since 2008. Now it is so hard to get housing projects approved and it takes so long due to zoning boards. Migration is causing the shortage in many areas, but when people leave an area in mass it will leave zombie homes in it's wake.
    4
  28097. Nice video 👍 all the more reason to move outta buffalo NY. The weather is #1 reason why we are leaving. It's truly a mental thing like you said. 5-6 months of crappy weather seriously destroys your mood...and my wife and I are just done with it. My brother in-law and his family are moving to Tampa in July which makes moving even easier.
    4
  28098. Imagine that
    4
  28099. Think we'll get a Volker and 18 - 20% interest rates?
    4
  28100. Keto Beach I definitely like the soft powdery sand on the West Coast. But when I was in Clearwater beach the water was a greenish color and had a foul odor to it. That’s the only time I’ve been to the beach on the West Coast recently. Prior to that I was a kid. But we are lucky to have the beach regardless👌
    4
  28101. When a middle class home can go from costing $15K to $20K in the early 1950's to $500,000 now, something is rotten in Denmark! Sure wages are more now, but it has not kept up with inflation. The lucky ones, are the ones that inherited their childhood homes and the homes are now worth $500K. That's called generation wealth-building. As Michael know so well, the value of your home is based on Location, Location, Location, and I would add, Color, Color, Color! 😁
    4
  28102. OK !! on the beach with the sun, a beach chair AND a sub !!!! C'mon mike you are KILLING me !!!!
    4
  28103. I noticed the streets if FL have all those wires strung all over the place, just waiting for the next wind store. In Phoenix, we don't have weather, yet all our power lines are buried.
    4
  28104. Fantastic points in this video as usual with you Michael! I believe your channel is going to grow by leaps and bounds! Love when you video outside! The scenery is just beautiful! As always, I always learn something new from you! Thanks for sharing your very useful insight.
    4
  28105. Those people offer you about half of what you could sell it for.
    4
  28106. There’s about to be a bunch of vacant homes and squatting just like 2008 and might be some adverse possession if the bank gets too much inventory on their hands
    4
  28107. About #4: (Some people won't welcome you!) Unfortunately, there's always people with that attitude wherever you might move. (Mmm, i was planning to move to Florida in the 80's ....i suppose many of them hadn't move there yet, and even others hadn't been born!!!
    4
  28108. Remote working allows companies to get really talented people they couldn't reach before because of their location. I would never work in NYC but would work for a company there remotely from my home. NYC is a bit too scary for me. I hate subways.
    4
  28109. Michael, I work in a local bank in Miami, and we lend money for residential purchasing, we are still doing over 200 loans/month, no signs of reducing it. We lend only 30 years with variable interest rate. Our bank reached a record profit this year, so at least for us, there is no crisis, so far...
    4
  28110. $33 per hour…I’m a hard working truck driver and i don’t make no where near that….What do Kathleen do??
    4
  28111. How about that train derailment chemical spill in Ohio? That will leave huge amounts of land unlivable. Another mass migration? And I think it was on purpose.
    4
  28112. Just always looking forward to your next video thank you.
    4
  28113. Did First Republic have a diversity hire in charge of risk management?
    4
  28114. The blue house at the end of the parking lot..is owned by Steve Job's widow..she bought it last year for 17.5 millions . . Same house used to be part of the the Charly's Angels in the 70s. . I used to spend time there..
    4
  28115. Bougainvillea Trees. 1:24. I guess all of the MILF’s were at the gym.
    4
  28116. Nice Vid Mike, but if I’m living in Florida I’m living by the BEACH😎
    4
  28117. My wife right now is on the way to FL from CA to checkout houses
    4
  28118. Hold out for a corner unit with a view!
    4
  28119. I would not fall for the argument that these articles place on remote work. Remote work isn't the problem, it is the solution. If we had more people working remotely we would: 1- reduce car pollution 2- reduce commute time 3- overall improve transit If remote work was so bad, we would see people naturally want to return to the office. Which is not happening. The people bashing remote work are those that are losing because remote work exists. So instead of adapting, they are using the propaganda machines to influence the population. The truth is that Americans have been raised to be work focused and the overlords are not happy that people are starting to become life focused. Not to mention that you cannot talk about mental health or the environment if you want people to return to the office and commute cultures. Remote work is simply the scapegoat for poor economic management.
    4
  28120. Good hair day Mike!
    4
  28121. I'm one of the "lucky" ones. I live in a low cost area. Fully retired at 62. My last day of work was 2/24/20, 18 days before the state of emergency when Covid19 hit. I was working low wage jobs so I was used to living on very little. My Social Security check was about the same amount as my last paycheck. I now have a guaranteed passive income. I also have affordable housing costing less than 30% of that income. No debts. No dependants. Good health. No commuting costs. (I haven't owned a car since Obama was president) Used public transportation to my last job. I'm within walking distance of shops, restaurants and government services. I also don't smoke, drink or chase women=more money in the bank. I enjoy my cat, my coffee and my antique gun and coin collection. I didn't save for retirement. I'm saving money DURING retirement. Michael Borden was right. It's not what you earn. It's what you keep.
    4
  28122. I totally agree with you. Let me give you some sage advice, which you are free to ignore. If I were you, I would be seriously considering how I could opt out of the rat race which modern society has become. As you correctly surmised, it will only get worse. What is your dream? Where do you want to be in 5, 10 years? What do you want to be doing then? If you cannot envisage yourself enjoying life at that time without the "amenities" of modern society, then you are screwed, bc, as I said, it will only get worse. I realize that living sustainably, close to Nature, is not everyone's dream, but, in the long run,but is the wise way to go. Do you think that you might be able to get behind that idea? At least, look into it; if you do, you might be pleasantly surprised by what you discover: it might turn out to be your dream after all. Count your blessings: unlike many, you currently have the resources to do something like this. Act soon, however. Do your research. Connect with like-minded people: you might meet great people who will work together with you to achieve your mutual goals. It's your life; it's your choice.
    4
  28123. Thanks for that info boots on the ground shows us what’s really going on 👍
    4
  28124. Lumber is not back to its previous levels. A 2x4x8 #2 Doug Fir at Lowes used to cost $3.38/ board pre covid. Today its $5.48. down from $8/board. A Deal! Its the old mark it up and drop it down so you think your getting a deal. We will see the same when gas goes back down to $3.50/gal. People will think its a deal, when they overpaying on what it should be.
    4
  28125. Wow Michael🤗💗 88.1K!!!! So proud of you 🙂 Hey Miss Lisi 💗
    4
  28126. I really appreciate your honesty and tips, super helpful!
    4
  28127. Yeah I totally agree with you but who wants to live those states unless you are local...?
    4
  28128. If you're fat, moving to Florida can help you lose weight by having to run from enormous flying cockroaches multiple times daily.
    4
  28129. Awesome vids!
    4
  28130. Thank you Michael, another good ‘tell it like it is’ video. 👍
    4
  28131. My job is trying every trick in the book to get me to come back into the office. They were successful getting people who recently messed something up to come back. How we the truer the carrot instead of the stick with me. I doubt I would be fired first because I’m #1 performance wise. Sorry but not going back into the office. I’ve proven myself over the last 3 years
    4
  28132. About time! Let’s gooo!
    4
  28133. My favorite area ever, aside from Coral Gables is Indian Creek in Miami Beach.. The homes there are just gorgeous. ❤ I love historical type Homes.
    4
  28134. Mike awesome story - thank you for sharing
    4
  28135. I like the home in Vero Beach, very charming and the home in Del Rey, love that Pine tree in the backyard. I'm a Realtor from California so everything looks like it is on sale to me.
    4
  28136. Suns out guns out
    4
  28137. 7:45 this is definitely old. With the exception of Miami, majority of places I went to did not require a mask at all.
    4
  28138. Yes, my local credit union has a program "first front door" if you qualify you'll get a grant 5k towards downpayment and downpayment for first time home is only 3%. And if you enter the market this fall or so prices are probably gonna be at least half descent.
    4
  28139. Hi Michael, please forgive my conspiracy theorist approach but here goes. The number of Americans living pay check to pay check is by design not accident. I remember a time before globalization took hold, when a countries economy could operate independently. Some countries would do better than others for a time and then vise versa, in the eighties one British pound would equal nearly two dollars thus making it possible for me to buy property in the US at what I perceived to be lower in price than perhaps an American. There is much talk of the great reset coming but I believe it has already happened, the real estate market helps confirm this as values rise and fall globally now. The crash in 2008 was a stress test, an "Overton Window" for the alignment of world economies. The next step would require a complete stop world wide, hence the pandemic and resulting transfer of wealth and power. The next step will be a world currency, a digital currency, then the introduction of Universal Basic Income will be simple to implement and seen by many as needed and wanted. Social control through credits will be next to achieve acceptance of control as all indivual earning and spending will be taxable and controllable along with the ability to travel etc. Governments have been adopting agenda 21 for years and the latest version agenda 2030 driven by the unelected members of the World Economic Forum, is well entrenched in modern society, so much so that they even have a plan for those not prepared to accept their loss of freedom without a fight. I could go on but I've said enough for now.
    4
  28140. Thank you Michael 😊I will keep renting when I relocate to Florida 👍🏻
    4
  28141. I had a really good realtor. I didnt have a buyers agent. The comission was reasonable. And he helped me out no end.
    4
  28142. Thanks for being real. I am all for you moving forward from this. Looking forward to seeing more of the wonderful sunshine State. :-)
    4
  28143. I watch your channel because you have more true info about what's going on in the world because you're a realtor. Plus I like the casual conversation while you're walking and I feel you're not reading a script (whether you are or not). And body doubling. 😂
    4
  28144. You should have come here in the 80s. They’ve taken away everything that’s cool and haven’t replaced it with anything. Just look up Miracle Strip, Dracula’s Castle Wax Museum, so many things I’m forgetting. There used to be so much to do in PC, now it’s just trash. By the way a lot of those squatted trucks are Alabama boys. They’re called the 100 milers, they just come down for the weekend because they’re so close.
    4
  28145. I was just there a couple months ago, St. Augustine seemed deserted when I was there. Easy to walk anywhere, very few people around. Got into restaurants easy. I think it depends on the day man. Some evenings it’s just crazy and some days it seems like no one is around. I don’t know why that is. But I don’t see it always packed and crazy. So that’s a good thing and I’m always in St. Augustine
    4
  28146. I don't think it is a freak accident given all the building collapse videos you tube is now bring up for me to view. Also those building collapses can happen with any size building, like you say, with bad luck there will be loss pf life no matter how many floors the building has.
    4
  28147. St. Augustine is definitely a special place, good pick!
    4
  28148. Just a quick question sir how to know if the app or website is good for many profits
    4
  28149. Nice video. I am in my early 50s and have my home paid off and have a business in western NY. Yet, it is time to transition to Florida. My daughter and wife will move immediately to Clermont. I am committed to my business partner thru the end of 2022. At that time, I plan on selling part of my business to pay off my Florida house mortgage. I will retain a small portion of the business and take a substantial pay cut. But how much do you really need to live on if your house and vehicle are paid for? Our main concern with Florida was the rising home prices and we were concerned that if we waited 10 years to move, we wouldn't be able to afford the home we always wanted. Some people admire our ambition to move while I still have times I think I am crazy!!! I have a very good life where I currently live but feel that I need a change!
    4
  28150. Its time to skipped their christmas shopping spree and invest it instead.
    4
  28151. CA is proof that you cannot regulate and tax people into prosperity. CA has much higher taxes on the rich and a much higher minimum wage, yet CA also has much more homelessness, poverty, and unemployment than FL.
    4
  28152. How do we determine a good real estate agent from a bad one?
    4
  28153. Love it! Thx🌺
    4
  28154. The mission of the central banks and governments is to keep inflating!
    4
  28155. It's already here,where I'm at.
    4
  28156. people are draining their bank accounts and 401k and pensions. my bank account is down half of what I have since COVID-19, with inflation I can't keep up as a retired person.
    4
  28157. Same thing happening in Ireland Michael… the foreign owned (mostly US) vulture funds are buying property in bulk while people cannot get into homes. The gov needs to step in and disallow this happening. They get them at a fraction of the cost as these are apt complexes that the banks took over in last downturn but if the people could buy them at 75% off we could all be homeowners! The Irish people bailed the banks who took over these properties who won’t resell them back to the people at cost but will give them to vulture funds. Why?
    4
  28158. That looks good, and definitely some well worth and deserving R and R for you.
    4
  28159. They keep the front or the back to save on tax money does that work in Florida also it's considered a remodel instead of a teardown
    4
  28160. I've experienced, surfed, lived on many CA beaches... although beautiful, I think FL beaches are absolutely stunnning.
    4
  28161. just bought a 5th wheel. rather pay lot rent than 1200 for an apartment. i’ll just keep investing and wait for the dip. i can wait now.
    4
  28162. That’s what I noticed, north Florida is less tropical
    4
  28163. I live in a caravan park in Christchurch, New Zealand. It depends on the size of the pitch. I pay $900 a month. I pay for my own power on my pitch as well. Autumn price this month was $60.
    4
  28164. Nice, a burnt house, for the post-apocalyptic decorating theme.
    4
  28165. Thanks for clearing out some doubts... great video very helpful ...👍 really Hope u get 10k subscribers as soon as possible nd one day 100k I believe you bro..plz do some neighborhood and street tours..thank u 👍
    4
  28166. Absolutely incredible video quality. I don’t think I’ve ever seen a YouTube video in this quality. Gorgeous
    4
  28167. Thanks for sharing! We have snow and ice on the ground and I would love to be anywhere there is a beach and sun!
    4
  28168. 🎉Happy new year and best wishes to Michael and all the fans of channel! 🎈🎈🎈
    4
  28169. Andrew Diaz - people who intend to get into the nicer things in life don’t usually build careers in supermarket chains or retail unless they already have multi-million dollar tru$t funds that allow them to do so. Of course, the lottery’s your oyster!
    4
  28170. With real estate significantly overvalued (in some places more than others but in Florida in general) seems like your advice is right on the mark. If you have to mortgage the property, add up the overhead: P & I, private mortgage insurance, wind insurance (almost everywhere on the peninsula), flood insurance (most coastal areas), property, fire and theft/liability insurance. Also there are large deductibles with both wind and flood insurance which would require large personal reserves in the event there is a major storm. On top of all of the said expenses you still have to maintain the property yourself (usually) if it’s a single family property. Unless you can expect significant appreciation in the value of the property over a short period of time, the advantage of buying in a lot of areas just isn’t there. Also too many unknowns in the probable post virus economic reset. Very uncertain times.
    4
  28171. I noticed 2 new homes , 2 blocks over , they are still up for sale. They are to expensive. I don't feel now is a time to buy anything expensive, better off saving $$$$$ , when hard times come, at least you have money sit aside. Or if a bill arrives , that you didn't expect , at least you will have the money to pay it. Live within your means!!! To many people keeping up with the Joneses or in debt.
    4
  28172. totally agree with the most "everything" can be taught/learned. Yet, recruiters and employers are all about past relevant experience. Short sighted, no vision, stupid thinking.
    4
  28173. I think i will check it out next time i go to Miami. It looks nice 👍🏽, but im a chicken , ill be scare of those lizards or iguanas and i wont go hiking in those woods, ill be scare of snakes or if a snake falls off a tree . (i know im a wimp) but overall it looks like a great beach to take great pics by the white house 🤣 (technically your not wrong, it is white 🤷🏻‍♀️) 😁
    4
  28174. As much as I am a super fan, I have to disagree. The USA is still the place where anybody with an idea and grit can still make it big. Of course we have troubles, but you don't see refugees heading out in any meaningful numbers.
    4
  28175. I love living in North Beach.❤️
    4
  28176. Similar to a Monopoly game huh
    4
  28177. Michael, you should grab a flight and make a few tours in LA.. Santa Monica, Beverly Hills, etc, etc. That would make your channel grow a lot I think. Following you from the beginning man! Wanna see you making 1M subscribers 🙂
    4
  28178. You went to the only places worth going to. I wish i didn't have to live in this horrible city :-(
    4
  28179. A lot of homes cost $2000+ per month even with a down payment. The higher interest rates makes it take longer to gain equity. Definitely unattractive right now.
    4
  28180. I didn’t even watch the video yet. Who the hell is going to sign on the line for a double digit mortgage rate? 🤷🏽‍♂️ That adds thousands to your overall price and payment. I paid off my house early with a 5.54 rate. That’s a rate from 20 yrs. ago tho.
    4
  28181. The great crash!!😃
    4
  28182. What a beautiful, tranquil park. I hate those muscovy ducks. They were everywhere at my old townhome...a big nuisance.
    4
  28183.  @MichaelBordenaro  kinda what I was thinking that maybe its mostly south Florida and not so much central....despite that, I am still working to find my way to Pompano! The custom stainless steel business is strong in South Florida and I WILL succeed!
    4
  28184. What about bitcoin and crypto?
    4
  28185.  @MichaelBordenaro  what do you recommend while still living in the midwest? I am incredibly anxious here to move yet things are aligned up yet and I might have to spend another winter here. I feel like I am wasting my life away here.
    4
  28186. SERIOUS QUESTION! Do your property taxes go up if you own your home, no mortgage- if the value of your home goes up?
    4
  28187. That ain't even enough for a big mac 😂
    4
  28188. Great video Michael, so many things I did not know about condos. Thank you!
    4
  28189. Getting margin called on your house is a bad day.
    4
  28190. ST. Pete beach. the number one beach in America
    4
  28191. Mrs. B. is beautiful! Thanks for the info, Michael!
    4
  28192. Another great topic and location with lots of green and a history on how it used to be, cool. I'm going to be a Winner! I'm being patient as I have the liberty and self-control to wait for the market to adjust. If the market keeps going up, I'll just have to maybe compromise on location or and amenities and select what works best for me at the time. Who knows I might have a blessing by the time I'm ready.
    4
  28193. for a little more, you can get a nice new apartment with one bedroom one bath
    4
  28194. Michael Bordenaro fingers crossed 😁😁
    4
  28195. why does the husband have to take out of his 401K? LOL. What about hers? he he. Love the tour Michael. You're spot on as usual.
    4
  28196. I've never owned one ...people look at me like whatttttt?
    4
  28197.  @soniadowney7427  You're lucky!!
    4
  28198. My Guy! Great Story Bruv!!! Currently, I'm Working on My Own Story. This is Very Motivational. I Appreciate the Wisdom. This is a Cool Video Vlog. Kadeers!!!
    4
  28199. Mike, thanks for your content. Im confused though, if people are listing there home to get top dollar now, why would those same people keep listing there homes in the future if the prices will drop?
    4
  28200. Funny how a home inspector didn’t see all the wrongs of that building before he signed off for the mortgage loan to go thru escrow. Too sketchy for me
    4
  28201. Can you do a video on The Villages? Can you do a video on 55 active senior communities?
    4
  28202. My company just like others have built this million dollar buildings and they want them filled again. Makes sense and a lot of our workers have got use to being home and moved or have a life that they created around this. And now these workers are being told come to work or basically you will have to resign otherwise. We have laid of a good bit. And it’s making the company’s job really easier to week out it’s workforce in this recession.
    4
  28203. Just sell your home and join the rest of us who didn’t have the benefit of 2% interest rates on homes before they went parabolic.
    4
  28204. Someone told me that Tampa bay and the beach smell like warm garbage?
    4
  28205. Agreed, think it needs a 25% correction at least. Just like 2008 , if not and it flattens then goes back to the normal 3-5% appreciation middle class couple buying a home will be extremely difficult , not to mention being able to heat it or buy a new car , take a vacation etc.
    4
  28206. You sound melancholy today, Michael
    4
  28207. Did you cross the Hathaway Bridge? In Panama City is where you still see major Hurricane Damage. The beach I go to in PCB is St Andrews State Park on the east side. It's so beautiful.
    4
  28208. Thanks for sharing your thoughts. It's very helpful.
    4
  28209. Wow that looks like a nice place to live! I think my daughter would love biking down the boardwalk! I think Lizzie would find plenty of clients there! I have been very sick for a while and going on tours with you guys helps make my day a little more enjoyable
    4
  28210. Happy Birthday! This was probably the most sound advice on moving and could be applied to moving anywhere! Thanks.
    4
  28211. No plan to retire before net worth $4M of today’s money. Should get there before 55.
    4
  28212. Hi Michael, great video. So here is my question/request.... I know you may not be able to answer fully... But appreciate any reply. So I live in Ireland, and dream of moving to Fl. I work with a global Bank so hoping a transfer would be possible.... Anyway, can you tell me what taxes you guys pay and what take home pay would be... Just roughly on 100k salary. I hear you don't have any state taxes but surely you pay some sort of tax? Thanks for your time... Gavin.
    4
  28213. Great video! Planning a move from MA. in 2022. Interested in Palm Coast. Have you ever been there?
    4
  28214. With Silicon Valley packing up their bags and moving to Miami there’s a good chance I’ll move down there after getting my CS degree.
    4
  28215. I would too.
    4
  28216. People have to realise they need to become 'money smart'...there's that old saying again "no such thing as a free lunch". You are doing a community service by telling these truths and I feel there are too many jumping onto the victim wagon.
    4
  28217. Hurricane Andrew hit South Florida in Homestead Florida look how many decades it took to recover. Southwest Florida has some of the lowest building standards in the state of Florida. High-end trailer parks and RV parks
    4
  28218. I was looking at a house listed for $350k and the one next door went for $270k off-market. I didn’t want to take the chance but someone did buy it at $350! 💀
    4
  28219. It’s minus 6 Celsius here, I’m wearing a T shirt. Welcome to🇨🇦
    4
  28220. Everything is always lagging and if I remember correctly in 08 it started in the west and slowly made it way to the east.
    4
  28221. In short sale, will the seller make up for whatever is due to the bank?
    4
  28222. Investors will pick up the slack. Florida is turning into New York. BTW, that ain’t good at all.
    4
  28223. State Farm will not insure or renew insurance policies on homes over 20 years old in Florida. Three different insurance brokers (Brightway, Ist Insurance, and We Insure Group) gave me Citizens Insurance quotes. It's nice outside today but we will get hit with rain starting tomorrow afternoon through Friday. Stay safe and I look forward getting my 10k+ steps in with you this weekend.
    4
  28224.  @MichaelBordenaro  I know! You know it, too! It's March, and it was really HOT today. Lots of people in the pool!
    4
  28225. How much longer until we have a buyer’s market, six months, a year? What’s your best guess? I think that we are at least six months from a buyer’s market and as you suggest, I am preparing.
    4
  28226. The CEO of an Electric company/monopoly where I live got busted stealing approx. 1 billion dollars after a rate hike and poor restoration services. Basically, the CEO of that water company has a new Bugatti Veyron.
    4
  28227. Michael.I see the video about the people,get out from Florida.I missed my Florida.I used to lives in Miami Dade,15minutes from the beach ⛱️my children make high school in south Florida, 🎓.them movie to Orlando graduation from college.since them I moved to NC.Now I wanted to go back to Florida,but I can not afford.I see the beautiful 🏡 you have in your show.in I missed that's.Thank you for the job and times.God blessed 🙏.
    4
  28228. Brilliant video, not only about real estate but about self awareness. If your heart not in it there no reason to continue. It is good idea to Keep it small enough and personal business so it won’t stress you out too much and when time is right you can make the transfer and change career. Good for you buddy!
    4
  28229. Well a 1 bedroom condo in Washington is about 600K, if Florida gets there then I think we'll have a issue. A brownstone here is about 900k+. Florida is way cheaper than where I are.
    4
  28230. New smyrna beach near there is cool
    4
  28231. Michael, you have to think outside the box! You will still be standing when everyone else has fallen off the treadmill.
    4
  28232. Good video. Remember, in FL, investment property is not protected as a "homestead" property and is subject to up to a 10% increase each year on the property's assessed value. The property taxes on my investment unit have increased 50% over the past five years. And property insurance was up 16% this year. Repairs & maintenance, special assessments, and ever increasing property taxes and insurance will eat into ROI. That's what's happened to me. ROI has been only 1.5% per year over the past seven years. But, on the other hand, if I include market value appreciation, ROI jumps to 13% per year.
    4
  28233. Great video as usual Michael. Were down payment assistance programs as popular pre pandemic and being used as often as they are now?
    4
  28234. I do the same thing taking advantage of the balance transfers to roll over credit card debts. Also, certain purchases like furniture and home appliances offer interest free financing. Anytime you can get 0% interest take it as long ad you know you can make the monthly payments and clear the debt before the interest becomes due.
    4
  28235. Congrats bro. Enjoy that
    4
  28236. "Bulls make money; bears make money; pigs get slaughtered"
    4
  28237. That’s crazy, so those people basically got paid about $600k a year just to live there the last 22 years. I don’t know why we go to college or bother contributing to society in any way when you can just get rich by living in a house and doing f’ all. Surely a better Roi than anything out there. Society is badly broken.
    4
  28238. It’s pretty simple. People can only buy what they can afford. The increase in mortgage rates has instantly made all real estate overpriced as people can’t afford the mortgage payments at current asking prices from sellers. The issue is that most sellers are financially clueless in this regard and continue to over price their property. If you want to know how far prices have to come down just look at what prices were when rates were this high then adjust for wage inflation which is around 2 percent per year. Sellers will not be happy with those numbers but people will only by what they can afford or can get financed for. Sellers can ask for what ever they want but, if most people can’t qualify to afford it the property will become a brick. It will not sell.
    4
  28239. The best video yet! I wish my realtor understood this as much as you and you do.
    4
  28240. Expensive? Try toronto canada.... for 1 mil, you get a bungalow/shed now days, 30-40 miles away from downtown. A nicer neighborhood.... try 1.8 mil with 10 offers to jack up the price another 200k. Salary wise, same as everywhere in north america. You work to pay bills. Rent? House you pay 4k at least. Condo, 1 bedroom you need 2k and up. Its fucked up
    4
  28241. Beats 6 - 7 months of Winter, like the North East has. And our summers are super humid.
    4
  28242. I really look forward Michael to your real Estste videos every day keep up the great work enjoy living in Miami would love to live there way way over my pay grade
    4
  28243. Great video with lots of valuable content! Thanks!! We are in a train heading straight over a cliff. And no one knows......
    4
  28244. Haha number One!!
    4
  28245. Michael in the future, can you do a show with confrontations of people who feel threatened by you with a camera, that would make for a great video.this would not be a knowledge based video,just pure American(Jerry Springer) entertainment,😅
    4
  28246. People need to learn accountability. This crash should teach the dumb money habits a lesson
    4
  28247. Great view in apt.! Great advice too.
    4
  28248. 7:15 Bro, in our defense, those guys look like they have an out of state tag. Most of the ridiculousness you see in the area vacations here from Alabama.
    4
  28249. I do think living in Miami is expensive compare to where I live. I live in a teeny tiny boring ass town with two red lights, no jobs and nothing to do 🙄. so that's why i want to move to the city , however i am aware that moving to the city will always be more expensive but it all depends on what your preference is. When im able to afford it, im packing my bags and im out to the 305! 😄
    4
  28250. You both look more relaxed and healthier in California. 🤔
    4
  28251. Glad to hear Congress is discussing the concerns for investors buying up homes 🥵
    4
  28252. It's looks nice but I need 85°+ teal water with Palm trees all around.
    4
  28253. I sold in August, just to get away, (after 20+yrs) from Florida.States. As Zappa said; "Florida has the highest mildew rating in the United States; naturally excluding tropical possessions." ...I messin wid ya, love your casts Mike
    4
  28254. HOA AND TAXES ARE INSANE RIGHT NOW
    4
  28255. Congratulations 🎉 on 80,000 subscribers 🎉🎉
    4
  28256. Hey Michael, another honest video. When you were talking about the disgraceful state of affairs about the Florida insurance situation why are you so reluctant to hold the state of Florida and it’s legislature accountable
    4
  28257. Add those fires in the west coast now
    4
  28258. Fixed mortgage rates rolling onto variable, known as "the mortgage cliff".
    4
  28259. Also if you add solar to your roof in florida insurance is canceling you. oh you just covered it.
    4
  28260. I ❤️St. Pete!
    4
  28261. It feels like -15° in OKC. You have it good 😊
    4
  28262. Yeah. They have money growing on trees.
    4
  28263. I lived in San Francisco for 50 years, we never experienced any tsunami! You haven’t talked about Northern California such as the beautiful Bay Area.
    4
  28264. You live in Miami- Dade! Retired wife and I do too! Wondering if, in this soon to be May, 2024 market, we should sell a medium-priced suburban family home and move to Broward?
    4
  28265. Thanks for the picks Michael. Wonder what you think of Naples, FL?
    4
  28266. Yeah one bedroom 600 sq foot house for $500000 it is my nighmare dream house😊😢
    4
  28267. Starke FL that's the ghetto!
    4
  28268. I was wondering why homeowners insurance were high, your video tells me why
    4
  28269. Ask W.E.F where is the "You will be Happy" Part of the plan.
    4
  28270. I like both places, but I feel closer to FL, I enjoy your videos , it is like me traveling . Thanks for the videos
    4
  28271. Marin with its Coastal location and Fog is at low risk for wildland fire compared to inland and foothill areas of California. The real risk is traffic and people everywhere. The Bay area is a cluster-blank. Love your videos keep it up! Great insider info.
    4
  28272. I plan to move to Fort Myers area this fall. What are your thoughts on that area?
    4
  28273. What about Fort Lauderdale? I definitely prefer South Florida and been going there for years but it is expensive.
    4
  28274. I’m planning to move to boca ratón, but I’m not sure yet,
    4
  28275. Could you do the same but across the street? thanks
    4
  28276. Tampa!! youre close to the beach. and youre close to orlando. you can make a day trip to basically anywhere and then to really get everywhere you can make a weekend trip to the farther parts. the tampa are also has great schools
    4
  28277. Cool video! Awesome audio!
    4
  28278. I love saint Augustine too. Hopefully they ( Gov people) don't ruin it. Last time I was there I noticed they're tearing down some of the old stuff that gives the place its charm, and building monstrosities of hotels and whatnots. 😕
    4
  28279. New sign: "Don't Pet the Crocodiles, No Matter How Hard They Beg".
    4
  28280. They waited until one month before he didn't have to give the 100k back before they fired him? That was the plan all along.
    4
  28281. I lived in Sunny Isles! Loved it! Had to move cause of job but miss it! I cried when they tore down RASCALS deli. It was the best!
    4
  28282. at that price it must be because of Miami, pretty expensive for a 1 bathroom house.
    4
  28283. Can you get/afford insurance going forward? Hard to sell homes you can't insure!
    4
  28284. Hi Michael, you picked Marin County, which is one of the best places in the Bay Area. Great choice Michael. It's close to Napa Valley and it's just beautiful. Let me send you and Lisi a bottle of wine. LOL p.s. Masks are still required on public transportation by the way as of today. I think weather and the beauty of California is the reason why people wouldn't leave. However, most are fed up with the liberal politics and policies and the fact that we have a one state party.
    4
  28285. Good thing you both have your sunglasses on. It looks so sunny...
    4
  28286. Wise advice. Thank you sir.
    4
  28287. All the repo's tell the whole story.
    4
  28288. You guys rock and make me want to stroll down the streets with my shades on too, keep up the good work gents!
    4
  28289. Our neighbor bought their new constructed 3/2 on 1/3/23 for $400 and just sold it for $369. 😮 Builders just cleared two more lots next to it. And there's a new block shell with roof across the street that's been abandoned for almost a year. Some crazy stuff going on.
    4
  28290. I'm so happy both of my policies (homeowners/flood) have not increased much the last few years on my inland 1950s Bungalow.
    4
  28291. Kudo's to you both...i knew this in 2010 when after a disabling auto accident, I tried to settle with CitiBank on my deliquent mortgage..in August 2010 and would pay off mortgage in December 2010 with a union annuity cash out..i got foreclosed on 2 weeks later...Minneapolis Fed said i was illegally foreclosed upon...and got a check for $356.00. 1969 Eagle Scout.
    4
  28292.  @MichaelBordenaro  You could say the same about Toronto/NYC/SF "it can't go up for ever" but look where we are, still going up xD
    4
  28293. Love your sun glasses! My hubby's company closed. The winter is coming. So we have to put off moving. Someone on your page posted this!" No snow no need for tons of clothes especially winter things, no long dark super cold below zero days" I totally agree! Plus all of the reasons that you mentioned! I do love your channel! It s so bright and cherry! So sweet about your wife!
    4
  28294. Your getting scammed. In Australia you only have 1 agent that lists and sells. 2.5% easy job if you only list good homes at a fair price. Or list it yourself for $600
    4
  28295. Compared to where we were in 08-09 to now the home price drop is 4x as much that means it will be 4x as bad this time. 54% of all US mortgages today were purchased in 2021-2022 so what does that tell you?
    4
  28296. I read the wealthy barber when I was a kid. I remembered these 2 concepts, dollar cost average in the market. And I always lived below my means. It has paid off.
    4
  28297. Lil Wayne lives there.
    4
  28298.  @MichaelBordenaro  Birdman did, not Lil Wayne.
    4
  28299. Since you are about to travel across the country, can you talk about something that affects all home sales ..real estate commission. Most agents where I live charge a total of 6 percent regardless if it is. 300k condo or a 3 million dollar home..why? Also, Redfin advertises a commission of 1 percent. And, I think there is another that charges a flat fee regardless of the sales price.
    4
  28300. I closed at a title company and I got my house thru a will and trust. Paid cash for it, don’t like being a mortgage slave.
    4
  28301. Suggest you have PayPal too; some folk (like me) dont "do" patreon post political shenanigans (defunds/blocks/etc.) they've done to groups/individs in past 4 yrs, needlessly. #justsaying
    4
  28302. Watching from Costa Rica.🏖 Thank you for your candid appraisals! Glad I delayed pulling the trigger on my Naples, Florida property purchase!
    4
  28303. @7:32 look at the bird, that represents housing market in 2023 😂
    4
  28304. Thanks again Mike I told you we need to move to Cambodia
    4
  28305. If you wanted or needed to move and have equity and a 3 percent rate, the best option would seem renting out your house and then renting a smaller place with the proceeds from your rental. Nothing else really works.
    4
  28306. insurance has not gone up yet but tax bill came & its doubled. mortgage payments will be almost double
    4
  28307. Even if the housing market crashes, which I don't think it will, the banks will tighten up lending even more & people will be even more locked out. The price reductions will not help people who need a mortgage to buy, it will only help cash buyers like institutional & foreign investors, who are already dominating the market.
    4
  28308. I know you already did seaside fl, but can you do other parts of 30a like alys, watercolor, rosemary some homes on the Zillow map are 30 million and theres tons of famous people down in the 30a area like Paris Hilton, and Luke Bryan. I can't find a house under a million and the average home price is like 3.7 million!!!!!
    4
  28309. A lot of these home you show were pretty old and to be commanding that kind of money is bold. Definitely shows signs of softening and these price cuts are the beginning. Thx for sharing.
    4
  28310. After WW2, millions of veterans were able to buy homes due to government initiatives that helped the population get great jobs (G.I. Bill) and affordable homes. (Levittown.) This combined with the Highway Act of 1955 sparked the biggest growth in our economic history. It wasn't done with wall street speculation or complex financial schemes, the growth was supported by working families, and usually with only the father as the primary earner.
    4
  28311. Having lived in South Florida my entire life. No cycle of frenzy real estate speculation has survived rising interest rates One catastrophic disaster like Hurricane Andrew and private insurers will run for the hills. Govt insurance will force you to pay 4 to 5 times. If your single and r dont have kids 1/3 of your taxes are paid to the school system. Where do you benefit from this? The difference between the pre-2008 crash? Not much except the Govt preemptively ramped up stimulus before it new the economic implications. Remember the $300 Stimulus check post 911, how much more did you get this time? Biggest difference I've noticed from past real estate manias? The previous times were speculation primarily from credit. This time cash buyers are pooling and leveraging their money. What does this do? They dont have to pay for insurance, less business for private insurance companies that offer lower affordable premiums. When these private insurance companies leave , people with mortgages are forced to buy insanely expensive govt insurance. After this inflation surge, deflation will return and those who bought the top of an overpriced real estate market will give back any profit they thought they'd realize. The higher the inflation goes the more they'll lose when deflation reverses the rates back down
    4
  28312. When I bartended half the staff were real-estate agents / bartenders and servers
    4
  28313. I’m so concerned about the OH SHIT possibility.
    4
  28314. Always informative Michael, thank you so much!
    4
  28315. You are the ShoreCrest neighborhood of Miami
    4
  28316. How unprofessional is a professional who says you can't time the market? That should make everyone angry.
    4
  28317. Destin one of my all time favorite places💕to be.
    4
  28318. This is happening in NY and Connecticut as well. It really sucks because I always wanted to move to Florida (for many reasons) prepandemic but was waiting for my daughter to finish elementary school which is 2022 and have a nice down payment and now the prices are insane everywhere. I’m more focus on central Florida, which is no longer as affordable but more than NY. So I feel the pain for the locals that have been saving for years and us out of state paying cash (Although is not in my case) because in the end, the home is cheaper and you get more for your buck.
    4
  28319. You definitely need a golf cart in The Villages. It’s the main form of transportation. Golf cart roads get you everywhere and they are a lot more manageable for seniors to get around in. Golf carts are one of the big draws to the area.
    4
  28320. One reason someone buys right now. Why rent for 1-2 years and throw away 30-60 grand in rent when you can buy and “maybe” your home decreases in value 5-10% and maybe lose 30-60 grand in depreciation. Either way it’s a wash but at least that person has a home in their mind. If they plan to hold on to the house long term it’s worth it to them. I’m telling you right now when rates hit below 6% into the 5’s the market is gonna go nuts again. Mark my word.
    4
  28321. I saw a new large SUV being repoed this morning in my town. Second time I've seen that happen over the past few months.
    4
  28322. My family is getting ready to move to the treasure coast. I’m so excited! The only thing that’s going to be weird for me is a warm Christmas. Lol Coming from upstate NY.
    4
  28323. even if you own the condo they can tell you how many people can stay the night? great vid
    4
  28324. Congrats 🎉🎉300k subscribed ❤
    4
  28325. Finally it's Friday! 😂
    4
  28326. Lol when I was visiting Miami back in 2019 I met a good friend for the first time right at the sushi place at 10:11. A few hours and drinks later, her car was locked in the parking garage next to the Fresh Market because it already closed. Ah the fun memories 😁
    4
  28327. They should have their sprinkler system and outside water done by a pump and well water.. That water is free and saves a lot of money. Have access to well water in Florida. I would say that is a must for the new comers to Florida. We have always had that at our home in Miami. South Florida is sitting on the water table, you don't have to dig far to have installed, and the limestone filters that water so it comes out crystal clear.
    4
  28328. What a great, quiet beach you found!
    4
  28329. It depends on where you live as to how much the values come down
    4
  28330. The government should banned the investors from buying a single family houses. The low interest rate the past 2 years help 98% is investors ☹️☹️☹️☹️☹️☹️☹️☹️🛑 the ordinary people are a victim!!!☹️☹️☹️☹️
    4
  28331. "If you're a buyer, buying a new-construction home may be a better idea." Thanks, Michael...that's been my focus for a while now. Don't want an older home in an older neighborhood (even if it's still a decent area to live). Prefer a new-build in a new community/subdivision. BTW, please note (as you hardly ever mention this type of home loan) VA Loans are $0-down also -- always have been. That's both good & bad. So even though a VA loan doesn't REQUIRE a down-payment (and no mortgage insurance is required, either), if possible it's smart for most veterans to put something down anyway. ;-) -- BR
    4
  28332. Great video Michael! That’s a beautiful area and you always have such good information.
    4
  28333. The housing market was crashing before the hurricane. I live in s.w. Florida.
    4
  28334. As a trucker I agree that y'all need to go out and buy lots of stuff. Please.......
    4
  28335. Love these videos! I enjoy hearing your perspective on everything, like walking to school! Keep it up ☺️
    4
  28336. Lisi you didn't get in water lmaoo
    4
  28337. Yes, continue to do what works and does best in your opinion. I like the walking video with expertise explanation of the area. I feel like I have been in Miami already. LOL
    4
  28338. Congress is been having pretty regular meetings about the housing affordability problem.
    4
  28339. Beyond checking a name in a database, if handing cash over to someone at a property you're seeking to rent, you really need to also see an ID such as their driver's license. Anyone can pull a name from a database and claim to be the owner of a property.
    4
  28340. miami was crazy the time i visited....beautiful area....btw i just imagined you in a white 80s suit like sonny crockett in miami vice walking down lincoln road lmao
    4
  28341. Wow
    4
  28342. I am night owl too! Lol.
    4
  28343. Very enjoyable, I bet those cliff side homes cost a couple of bucks.
    4
  28344. what about the younger boomers that don't own any real estate?
    4
  28345.  @MichaelBordenaro  if a recession does happen, which is def looks like it will, that will have news outlets start to talk about recession and maybe it will def scare enough people to stop buying houses so inventory can go up. By then, say July the housing market will likely have already come down some more and with that happening and the “we are in a recession news” it will prob kick things into even higher gear so that by 4th quarter this year to say 2nd quarter next year, things will have changed significantly
    4
  28346. Lol thank you for the video Michael.
    4
  28347. When you are referring to person with 150k salary do you mean gross or net? I am a pharmacist and I make around 110 gross ( that’s after overtime etc). Net is about thirty percent less. How do ppl afford all these things?
    4
  28348. "DEFUALTS"
    4
  28349. Up here in north Idaho the median home price was 530k this time last year and now the median House price is at 495k. Homes on the market in Kootenai county sell after 73 days compared to 13 days last year year over year we are -21.1% according to Redfin.. Your right Michael, the writing is on the wall.
    4
  28350. We still have a long way to fall, people are still dreaming. Everyone thinks their house is worth a million dollars, dreamers.😂
    4
  28351. overvalued. overcapitalized. sky high P/E ratios. hi volatility. as to jobs: sorry, i learn a lot from you, but you did not coin the term micky mouse jobs. military ppl been using that phrase for a long, LONG time! jobs: they are and have been shit jobs. despite recent wage growth, if you look at it over decades todays working dollar has less buying power than it did for 50 years. 70 percent of our economy is consumer driven. since im not paying more than a car is worth, new or used, cash, ill just sit on my cash and wait for the market to crash. what comes up WILL come down. and its just insane overvalued. the math doesnt add up. ill wait till stocks reflect the value of the company. THEN ill buy for a tasty buy-in.
    4
  28352. It usually takes at least 3-12 months for a change in interest rate to have a widespread economic impact. Interest rates do NOT need to match inflation. Not sure where you got that idea from, can you share? You said in this video that it takes 6 months for RE market to be affected. So what makes you think the FED won't just pause, or slow rate hikes and let the existing rates lower inflation? Why would they continue to raise, without seeing the effects in the data first? Seems like the more logical approach would be to ease on the rate hikes... especially when national and personal debt is at an all time high. Banks need to offer higher interest rates in savings accounts so that people see saving as an investment, that would help.
    4
  28353. I'm wanting to get out of NY. I hate cold weather and I wouldn't miss snow. I need to start looking for a handicapp home. I'M TAKING YOUR ADVICE TO PREPARE.
    4
  28354. Back in the day I could take $25 to the grocery store and get 4 steaks 6 chops 4 bottles of wine 2 dozen eggs 4 lbs coffee I can’t do that anymore ,to many cameras ❤
    4
  28355. 🌊🏡🌊
    4
  28356. Congratulations on getting 1000 subscribers and happy birthday to ya. I'm always looking forward to the next video of yours. Keep up the good work.
    4
  28357. I don’t want gov to bail out. But where are companies supposed to store their cash on hand if not at a bank ?
    4
  28358. Great video thank you for sharing. I have a question. I've been thinking whether a condo or a house in Florida is a better option... moving from Ohio. My biggest concern is noise levels at the condo. You mentioned you currently live in a condo. can you hear your neighbors? The ones above or on the sides? I've lived in an apartment where the kids were constantly jumping up and down I could feel my ceiling shaking lol
    4
  28359. Looks beautiful there today Michael!
    4
  28360. As a Signing Agent of 20 years and living in 2 of the largest resort areas ( Palm Springs and the island of Maui), I can tell you the relocation in our country is a form of political secession. I sit with people daily from all over the country. Michael you exactly right on this one. People are moving to areas of “Likeminded “ people. Primarily political minded. There’s a silent Majority in this country that is speaking out in relocating.
    4
  28361. As much as i hate to say this the side of the aisle the two states are on legislatively determines a lot of the hypocrisy as you stated and the mandates of masks still, taxes, caps on rent, etc.. Love your channel and your honest unbiased views. Thank you for the info.
    4
  28362. You hit it privacy.. Its same thought
    4
  28363. Love your channel Mike! My wife daughter and I will be moving down next year. I'm going to try to reach out to you soon to talk about potential rental units.
    4
  28364. Can we say gators as a con? I mean, as beautiful as the state is how acclimated Floridians are to Gators is absurd!
    4
  28365. In the summer months it gets really hot and humid in Miami Beach and in Miami too. The winter weather here is very short.
    4
  28366. My Mom’s small business in Venice, California is dog cleaning. I’m with you on free or cheap events which San Francisco and surrounding places like Santa Cruz have especially in the summertime
    4
  28367. Palm Springs has not gotten the memo yet $1,300,000 av price lot of $2,000,000 plus homes
    4
  28368. Hey Michael I wanna know about the st Pete area my wife and I are coming to st Pete in September and are thinking about moving hopefully but not until this market cra-“corrects”
    4
  28369. Question for you, is it bad to move to florida during this pandemic? i know its a Hotspot
    4
  28370. Next time I go down there, I will be bringing better walking shoes that will keep my feet dry and a larger umbrella. Yesterday, I walked 10 miles from my hotel to the Fort Lauderdale airport and during that time I actively kept an eye out for temporary shelter in the event it down poured. I got lucky. btw, I don't think many people have walked to the terminal before. It was an adventure.
    4
  28371. About ten years ago, I was traveling east on I-595 toward the Ft Lauderdale airport at 4:00am to catch a flight. A large metal rod bounced off a work truck in front of me. I hit the piece of metal causing a blowout. I had to pull over and walk about 3 miles along I-595 and up the on ramp to get to the terminal, carrying my luggage, in a suit, in July weather.
    4
  28372. I’m a hybrid worker. Mostly work from home. I come in one day a week. I LOVE it and no it doesn’t effect my quality of work. I actually get more work done at home.
    4
  28373. Good relaxing tour and video. Where is this in Miami?. I live here and sometimes admire the beautifull stuff too. Some places do have those garbage and sofas but 99% it's clean neignborhoods
    4
  28374. So whats there to do in Florida on a daily basis? I'm thinking of Florida(coming from NY) but the thought of being trapped in that state without doing day drives to completely different states would drive me nuts i think. Is it a good trade off of having great winters?
    4
  28375. my innocent little retention pond on the golf course turned into a huge overflowing lake. my home is fine but many neighbors had feet of water damage. I had many trees, bushes, and plants planted on the bank . I think that helped. no electricity till Monday night. had to unpack my freezer and go to another city. planning to sell. too old for this horse shit.
    4
  28376. My question is if the economy is so great, why so many ppl are losing their Homes & Vehicles, also all the layoffs. Why is this ADM not talking about this, they won’t because is a election year. They just ‘preaching to the choir’. Thanks for all the informative videos👍
    4
  28377. Great video. You are a great communicator. Really enjoy your take on so many pressing issues and your way to break it all down. Besides your show, I also keep with Nick at Reventure Cons and Travis. Thank you.
    4
  28378. happy birthday man congrats on the grand. happy to be a part of it.
    4
  28379. We love your videos. Taking your advice and being patient with the RE market. We hope to be able to purchase a new condo in the Hallandale/ Pompano Beach or LBS areas once we start seeing some Short sales on new construction condos. As we are nervous buying an older unit since we really don't know haw safe they are from foundation issues. Thanks so much for all your great work!
    4
  28380. YOU ARE WORKING ON YOUR TIREMENT NOW, BY WALKING YOUR NEIGHBORHOODS AND STAYING HEALTHY!!!YOUR 86 & 9 MONTH OLD ADMIRER...I PRAY THAT GOD WILL BLESS YOU NOW & WHEN U ....GROW OLD LIKE ME.....SMILES!!!. KEEP GIVING GREAT INFORMATION to THE GREAT AMERICAN PUBLIC.
    4
  28381. Dolphins & Sea Lions (Seals) are a common sighting @ the Northern Ca. beaches. Also, in the winter & spring you can spot Gray Whales & Humpback (less common) migrating to & from Alaska.
    4
  28382. This is the problem with democracy, two wolves and a lamb deciding whats for dinner.
    4
  28383. I hear you but insurance companies can't increase our homeowners premiums by hundreds every year for 30 years. That's hardly sustainable or realistic.
    4
  28384. I disagree with the end comment about pushing the Fed to crash the economy now. There is no need to do this. Give people and the systems time to get to the new realities. We are not going back to sub-4% lower interest rates for a long time. We will stabilize at a more normal over the last 30-40 years rate of 6-7%. There will be much gnashing of teeth and people saying I will never buy a house until the rates hit less than 3%. Yet in a year or two they will buy a house when the realize they are throwing away their money on rent every month waiting for the lower rate.
    4
  28385. That the main reason I am moving can’t start a business in ny I can down there already started the research I also can’t take the cold
    4
  28386. My local market in Stuart, FL/ Sewalls Point is still red hot. Recently there are more listings but the price point is still very high. If the Fed backs down, we’ll see a Bitcoin rally. 👍
    4
  28387. Unfortunately Michael, your city faces the same inflation that we all do. Construction materials, salaries and fees increase as the Federal Government keeps printing money. 40% of all of the money ever printed by the US Government has been printed since 2021.
    4
  28388. Hi Michael, water is problem for most of the west and east coast. I read Miami has five well and two are close for salt water
    4
  28389. ahhahahahaha too funny your alligator comment in /florida
    4
  28390. We're retired on alot less than 1.5 mil. Paid off house and cars it's easy. Retired at 59 with no debt.
    4
  28391. Great Video Michael!
    4
  28392. 1
    4
  28393. I'd rather buy than rent .... good equity? I live outside of toronto, bought my condo 7 years ago for 227 and now sells for 425 .. same equity in miami?
    4
  28394. Whoa at 1:50 santa claus enjoying the florida sun! I've been to these beaches and they are exactly like you said. I do intermittent fasting too. As a fellow youtuber, today I began supporting you # 19.2K+🔔+👍, thanks for adding me to your community of YT friends and come by me too.
    4
  28395. Yes it’s true many people as much as they come. In my years in Florida, it seemed my friend groups changed every 3-4 years from people coming and going. I knew many people who left during April-may during the lockdown. So, I think things balance out.
    4
  28396. Enjoyed your video. Please visit our Orange county beaches. Laguna Beach, San Clemente, Dana Point. Also, Old Towne Orange is really cute. San Diego visit La Jolla and Santa Barbara is gorgeous
    4
  28397. What happens to an older home owners with no morage. Yes it's paid for but with values skyrocketing, property taxes shoot up and a property could be lost as there no longer able to afford taxes ? At some point this has to level of and become affordable for working class .
    4
  28398. I didn't know people would leave Florida
    4
  28399.  @MichaelBordenaro  wow
    4
  28400. Hey mike is that painting of the joker for sale ?
    4
  28401. If you do move, I will definitely buy your condo with that view.
    4
  28402. Great Videos Mike! Very informative and down to earth.
    4
  28403. Wow… I’ve heard on another channel that the eviction moratorium in LA is likely going to be perpetual. That’s insane that the court case you mentioned was lost, and the landlord couldn’t collect rent for two years. I’m curious to see what the updated numbers are for residents exiting California. I’m surprised more people haven’t fled… I’ve definitely been exploring options.
    4
  28404. Small businesses can't stay in business with $8-10 meals. Commercial rent is too expensive. I don't see how McDonald's can stay in business with $5 meals, even if they don't pay rent in their commercial space.
    4
  28405. With older home a person has to take in consideration old wiring and plumbing.
    4
  28406. Michael I have been waiting for someone to ask me this. I really hate to tell everyone but we are going to have a Depression. My mother was 98 when she past away two years ago and she lived through the Great Deprression. She always told me that America has become too spoiled and now America has something they did not have in 1929. Thirty Trillion Dollars in debt. I really think America is in for a rude awakening . Other countries are becoming disenchanted with the US Dollar. They are actually starting to take the Russian Ruble and Chinas currency to buy oil. You are definitely in the correct mindset. We are heading for something really bad and these economist are living in a fantasy.
    4
  28407. It's one thing living in Miami it's completely another in Sarasota... Old people central
    4
  28408. 0 State Income Tax
    4
  28409. Hire a lawyer, but definitely do not send a single cent. If the statute has passed and they guilt you into sending ANY money, the statute will start all over and you may be back on the hook no matter what they promise or cajole you into.
    4
  28410. The whole entire housing market will crash someday. It has to because these houses are not affordable and people are not putting enough capital down at closing
    4
  28411. You should start producing segments for CNBC.
    4
  28412. I guess what irritates me the most is (and I just need to get it off my chest, i know your video is a bit old) .. is being perceived asocial, which I am not. At work for example. I don’t even see it as my problem, it’s a societal type of issue. I am polite, I say Hi, when I come to work. I interact with coworkers, some more than others, simply because the shift fluctuations. And yet, I still find myself in conversations that may go like this for example: me: hey, we should go out sometime?coworker (and the other next to her) you would go out with US?” Now, I have a problem with this. I asked why not? And I got some mumbling in return.. something like (“would you really?, I mean.. idk..., you know”) and Im thinking no, I don’t know. I’m working with people, who themselves won’t say hi, or start a conversation etc and yet I have a feeling, their perception,somehow, is of ME being the asocial one. And it doesn’t fail to surprise me. I feel these people took on the opinion of one person, who has been there for some time and I haven’t had a real chance of interacting or bonding with. And she just wrote it off going around telling folks not to bother with me, since Im asocial anyways. I call it a societal problem, (and I am from Europe originally) because I find here especially, people are very quick to label and take on opinions of others quickly without giving it a benefit of a doubt in any way. Sort of like high school. Not even trying to form their own opinion. I mean, I may be also in a wrong crowd. I’m a college graduate and I found myself working some entry level customer service job. Circle that is hard to get out of, or so I found. I don’t wanna admit it but it upsets me. Something trivial as this, upsets me. Because, at the end of the day I work with these people, and the revelation for me is that, unfortunately their perception of me is kind of set in stone and I am stubborn enough not to bend over backwards trying to prove anything to anyone. I hate this “fake” it or “exaggerate your behavior” bs I call it. I can go on and on on this topic, since I tend to go on philosophical tangents. I could write a book on this topic and I think I should. Even people saying “be yourself” bs is also hypocritical. And don’t get sensitive, because it just is hypocritical. Nothing else is excepted, but a certain standard of behavior. And the standard of behavior that is perceived to be normal, for some reason is always and I mean ALWAYS be talking about some stupid shit that don’t matter. IfI shut up for one damn second, why are you so quiet? Explain to me please, WHAT IS WRONG WITH QUIET?!!
    4
  28413. Stay there and vacation to the other place♥️
    4
  28414. Curious, where are you from originally? Love your videos, thank you!
    4
  28415. Oklahoma is a tornado zone Makes one wonder why they turned California into a poop hole. Happy,Happy Birthday Mr. Real Estate Warrior 😎
    4
  28416. It’s important to understand prop tax increases are different state to state. Some states increase based on new purchase price, some based on improvements.
    4
  28417. 76 million for that tiny dump is a joke. One 1926 style hurricane and it's gone. Miami is a total nut house. When i was a child my parents used to look at homes for sale, and you would be amazed how many fine old homes were available in the 1970's cheap. I have seen some large historic homes in other states that need work but are selling cheap. Sometimes you can find an office building or abandoned church or school available. Seriously i am considering leaving Florida and instead of building a new home just buy an old church or school. Would be cheaper to put my tropical garden in a greenhouse instead of living here and paying those insane property taxes.
    4
  28418. There’s not equity in renting
    4
  28419. I saw a 2/1 with a carport in Clearwater come up two or so weeks ago for $150k. I also saw an agent promoting a new listing on Instagram before it went live, 3/2 cutie for $250k in Tampa area (not sure which).I see quite a few agents promoting their upcoming listings on social media before putting them onto MLS, is this allowed there? Its NOT allowed any longer per NAR in California, unless its on the MLS system as "coming soon".
    4
  28420. St. Aug grows on you. If I did not have my business in Ocala, I would either be in St Aug or St George Island, or maybe Apalachicola.
    4
  28421. Michael, where is it cheaper to rent? The hassle of renting would only be worth it for a townhome single story with a garage between me and my neighbor. Something like that is as good as a mortgage payment. I am looking for such so I know. I'm checking markets in DFW, STL, forget where I live NM they only build apartments and I have had my fill of that after living in eight of them years ago. Now they allow children and pets thirty years ago they didnt.
    4
  28422. ahhhhhh to be rich in Miami......
    4
  28423. Is Daytona beach airbnb friendly?
    4
  28424. Up in Jacksonville, I have seen several homes I favorited on zillow and redfin sell under asking. One was like 40k under asking, most were like 10-20k or so under asking. Not all are, but I have seen several for sure.
    4
  28425. Who can put down 20% on these prices??
    4
  28426. Nobody can buy under Dave Ramsey’s advice. He wants you to put a maximum of 20% down, and have a 15 year mortgage that’s 1/4 or less of your take home pay, including property tax and insurance. If he’s telling people to buy now, there are very, very few people who can afford to follow his advice at these prices and rates. He’s completely out of touch.
    4
  28427. Great Job Michael!!!😃 Awesome Video and Beach!!!😎🌴
    4
  28428. Yes… Sac is seriously overvalued
    4
  28429. LOLLL. Love this: "you're not living in the real world honey."
    4
  28430. Don't forget to look at the job/labor participation rate.
    4
  28431. Great video!
    4
  28432. Snakes scare me more than sinkholes.
    4
  28433. With Google there is really no excuse for not doing your due diligence before buying.
    4
  28434. FOMO, pandemic panic buyers. Bought based on payment, not price. WRONG. there will be millions of FOMOS that get wrecked this time. More than 2008
    4
  28435. Might be able to afford two... once the forbearance hit the market ...
    4
  28436. No way 😂. I heard you but I am in disbelief right now lol. Geezus
    4
  28437. I was hoping you would mention how much these places were going for 10 years ago . That appreciation is crazy there for sure. Not going to spend 20 K a month on rent any time soon either lol. The Raleigh Durham area where I am is still strong although homes are not going quite as fast. Thx.
    4
  28438. I am still looking. I waited this long so I can wait longer. You are not doom and gloom. Ignore those trollers. Keep making your great videos!
    4
  28439. “The Lord bless you     and keep you; 25  the Lord make his face shine on you     and be gracious to you; 26  the Lord turn his face toward you     and give you peace.”’ Numbers 6:22-27💗💕💗💕💕💗
    4
  28440. Not first
    4
  28441. Don't know if I agree that there will be a breaking point when prices start to fall because of being priced out. I think prices will fall when the economy tightens and we cycle through, but also there is a fundamental change taking root as well where builders will change the way they build to accommodate for higher prices of materials and land. Here in Houston we see a typical lot of land being split up into two sometimes four homes to absorb the increase in costs near downtown. Our lifestyles will change according to our income, and we will be forced to change.
    4
  28442. Thank you for this video. I relate so deeply to your statements . I live in Concord, CA. We pay enormous property taxes (there are 5 bonds for schools and parks and canals on our bill) . We pay taxes and fees on our energy bill, water bill, cell phone bills, internet bill, ..then there are almost 10% tax on retail sales including grocery items that are non-consumables, gas taxes , taxes to drive in the carpool /fast track lane during congested times just to get from one town to the next . Taxes to eat out ..taxes to sit down.. taxes to get ice cream .. taxes to register the car /boat/motorcycle/etc.. I hate going out because I will have to pay taxes as soon as we stop somewhere ! CA sucks so badly when it comes to taxes . What do we get for it ? Horrible crime rates ..no punishment for criminals that drag people and unalive them as they are stealing their car. No punishment for stealing a woman’s purse as they slam them on the pavement . Open air drug markets in SF. Violent crime wave in Oakland , CA. Violent crime seeping into the suburbs of Walnut Creek, concord and even Lafayette where it has never been a problem before the last 3-4 years . Trump has incited so much violence . He lashed out at poc and incited repeated violent attacks and even cops unaliving poc who were innocent . Now the backlash has begun . Poc have realized the social contract is broken and they have no rights . Many are lashing out by stealing , acting out in violent ways . Most are from struggling regions like Richmond/Oakland where cuts to social programs hurt the worst . Others are from poor regions like Antioch , Pittsburg , and even Brentwood has areas with high crime now . Before Trump our crime rates were falling . Now across the nation violent crime has risen dramatically. Most of those committing these crimes are poc imo .
    4
  28443. I retired January 1. January 4: I was in Florida, Lake Worth. January 6: I made an offer for a small condo in 55+ community. January 11: the offer was accepted, and I put down payment. On March 1 closing scheduled. :)
    4
  28444. Are they really bullish on the housing market or bearish on continuing high inflation? Because high inflation may overcome any absolute drop in home values.
    4
  28445. DAUMMM! My two favorite YouTube talking heads!
    4
  28446. Thanks for this nice video.
    4
  28447.  @MichaelBordenaro  just joking fren
    4
  28448. I wonder if there has ever been a 9.4% decrease without unemployment going up? Can you imagine whats going to happen to the market when people start losing their jobs!
    4
  28449. I was just at my local Walmart the other day and as I was standing near the exit a lady tried to walk out with a cart full of stolen goods. The worker had to struggle to take it away from the thief.
    4
  28450. They have sleeping pods like that in LA - I think they are 700 a month
    4
  28451. Excellent content
    4
  28452. So much better with ur wife being there and her cute sign off…👍
    4
  28453. Give Michael some money if he helped you. It would be nice.
    4
  28454. Love your sachs interview
    4
  28455. Michael, great waterfront and boat marina views! 🛥 Miami is paradise. The views. 😊 Your videos help people to understand what is happening in the economy and inflation. The media only qoute the figures from the federal government. Government. The world is greatly changed after the pandemic. Not changing back either. I worry about societal instability as more people become homeless and desperate. A Mad Max uncivilized society. Soon, unsafe to take walks and record YouTube videos. 😟😳
    4
  28456.  @MichaelBordenaro  Maybe a brief video of your personal take and review of "Rich Dad/Poor Dad" or anything that you found useful from Robert Kiyosaki. I for one would love to hear what you have to say.
    4
  28457. In how many YEARS?
    4
  28458. I have a paid off four bedroom house Really want to downsize but am waiting
    4
  28459. Another 55 and over area
    4
  28460.  @MichaelBordenaro  I understand but the beach isn't all that up. If I move all the way to Florida, I need a nice beach. 👍🏾
    4
  28461. Love the crazy listings that show the speculators' crazy antics.
    4
  28462. great video thanks a lot Michael !
    4
  28463. Lived in WPB for 10 years, great at first but then it became unaffordable and I left... Moved to NC
    4
  28464. Great video Michael! We are Realtors in the Naples/Ft Myers area for about 17 years now. Interesting numbers...
    4
  28465. I know 60-year-olds that had to move back home with their 80 year old parents a year ago due to unemployment
    4
  28466. New subscriber. Born here in 1962 and have only lived in other cities for about 13 of my 59 years. I want to find somewhere that's like Miami was in the 70's. :D Laid back, not congested and inexpensive. I hate the upscale pretentiousness of everything here now. I'm looking forward to hearing your thoughts on the places you visited. My husband and I are still stuck here for a few more years as he has a 93 year old dad here and I have an 80 year old mom here. If they would move, we would be packing up tomorrow! I hear you complain about the wind. What's wrong with it? I didn't understand. It makes the heat more tolerable to me. This has been the best May, weather wise, I can ever remember having. Much more like April, temp and humidity wise. I'm way out in West Kendall so love the breezes because it's even hotter over here than towards the coast.
    4
  28467. If anyone would know how bad some banks are it is Michael Burry. He's one of the few that actually goes into depth and does his own micro analysis.
    4
  28468. I currently live in Seattle but I spent most of my high school/ early twenties living in Florida (Brevard county Central, Florida). I have been to many of the cities in the state the ones you've mentioned that I've been to I would agree with you absolutely. I'm currently in process to relocate to Sarasota, and was very happy that you included it on the list (since I've never been there). I was literally crossing my fingers the whole time lol Thanks for making an awesome video and it doesn't hurt that you're gorgeous! 😍
    4
  28469. Great video! ❤
    4
  28470. yes, although Michael did show PCH Hwy, one of the most beautiful highways on the planet, the majority of our highways are dirty, crowed, lined with third-world apartment building literally so close to the freeway you can see inside the apartments. The nicer ones don't have graffiti on it.
    4
  28471. Love it brother! How can I afford it was defo a game changer & yesss the poorest citizen on welfare in the US is richer than 80% of the population in the world! Lmk when you’re ready for that cerveza! Love your integrity!
    4
  28472. Hey Michael, great video. What are the chances of you doing this exact same review featuring the West Coast of FL? Thanks
    4
  28473. All those old buildings have been through hurricanes. Hurricane proof
    4
  28474. Born and raised in Florida. The heat is something you never get used to, you just learn to accept it, lol. You walk outside at 7 AM and the humidity hits you like a brick wall.
    4
  28475. They are convinced that a house means $$$. You get equity, get loans to buy stuff (except now because banks want to put in an escrow to ensure only for improvements). Buy now because you can refi easily. Another reason is they are simply fed up with worrying about hanging a picture because of a hole and paying fees to repair. As a repair guy I can do a simple hole repair cheap. Rental companies hire guys and charge a fortune. People are sick of landlord rules. Even though you are paying more you can do as you want. So you tore your property up over the years, don't matter. You die, wife or hubby can move out, skip on remaining mortgage and if a trust or something foreclosure can't touch the trust. I see many buyers buying high priced homes. They live as well as they can and if one dies in a decade or so skip town, who cares, foreclose. Certain acts can't be touched.
    4
  28476. Michael thank you for your advice from that cool beautiful state, region and city. There are so many beautiful condo buildings there on the Atlantic side but all sides or coastal beach areas with those condos are gorgeous and need to be safe.
    4
  28477. Also, the clouds in Florida are amazing.
    4
  28478. I just don’t understand this is so unfair to the landlords. Were is the relief for them.
    4
  28479. Another good episode on this subject. Thank you for sharing a mom's perspective. I totally agree with you on Cali as well
    4
  28480. They figured out, a long time ago, across the Atlantic ! I like this new format👍‼@MichaelBordenaro
    4
  28481. Who wants this kind of house nowadays? Just put your cash in the bank with 5% interest for now, relax and for sure you will live comfortably without any headaches.
    4
  28482. Thanks for another awesome video, Rusty!
    4
  28483. First
    4
  28484. I checked out your channel and I had to comment that your 50th birthday video was amazing. Thank you for sharing the video and the goodwill acts of kindness! :)
    4
  28485. I agree completely!!!
    4
  28486. Love ur videos I thought the beaches were closed in Florida
    4
  28487. Might as well live in brand new 5th wheel or motorhome
    4
  28488. I have been really enjoying your content and insights. It would be cool to see you do a walk around in the Midwest somewhere like you do with these.
    4
  28489. you sound Libertarian (7:25) so am I. I'm alaso an anarcho capatalist.
    4
  28490. Define “Despertate” 🤣🤣🤣
    4
  28491. I’ve spent many days on the Atlantic side, I prefer the gulf coast, no cars on the beach, quieter, more peaceful and relaxing. Just a personal preference. Enjoy these ride alongs.
    4
  28492. Michael i grew up in new york and still live here but i have to agree with you on this. Everytime im down in miami i get this feeling of joy and i just feel so great i cant explain it. Thanks for sharing
    4
  28493. We also have a Miami Beach here in Barbados🇧🇧🇧🇧🇧🇧
    4
  28494. Jajajajajajajajajajajajajajaja it’s me Kamala buy now. NOT.
    4
  28495. There’s a strategy behind demolishing historic buildings like the Deauville. 1. Let the building sit for several years so that it falls apart 2. Engineers say it’s unrepairable in order to silence public outcry about losing more Miami history 3. Demolish and replace with modern eyesore. The county has been trying to do the same with the Coconut Grove playhouse. It was a fully functional maintained building until they shut its doors without notice. Let it sit all these years and now say the building is unrepairable and needs torn down.
    4
  28496. The VPNs should be investigated in my opinion. Nobody just happily pay the .99 a month not bothering to think who benefits from VPNs? Most likely it is some government spy agency.
    4
  28497. Love that house @ 16:48...how I wish a fairy godmother could be a philanthropist to drop it in my yard...:elbowcough::elbowcough: wishful thinking... stay safe y'all
    4
  28498. Yo. Mike. Back in the early 80's I rented several houses up there in the Malibu hills -- affordable rent and the beach was just minutes away. Check it out up there. Go up Topanga Canyon and eat at the Inn of the Seventh Ray. Or eat at Gladstones 4 Fish on PCH.. I was born in Canoga Park on the other side of the hills.
    4
  28499. I love this video. I moved to Massachusetts at 21. Now I’m 36. I would LOVE to make a major move but I’m so established now and I have a very high income. It feels too risky to move.
    4
  28500. Alton Rd is so much better than Collins overall. Nice video.
    4
  28501.  @MichaelBordenaro  I find it to be much more scenic as well. Beautiful homes once you hit hit 30th street to 63 St. Much more relaxing drive with a lot less traffic and congestion overall. Compared to Collins Ave even when driving through South Beach starting at 1st Street and Alton, in my opinion.
    4
  28502. 1st
    4
  28503.  @MichaelBordenaro  wow really. We use to go one in Jersey when we lived in NY, Rockville, md when we lived in maryland and now boca raton when we visit family lol. Del Frisco's double eagle is a great place also but houstons pork chops taste better than a high end steak. 😉👍🏾
    4
  28504.  @MichaelBordenaro  I went to palm beach grill a couple years ago, it was real uptight there. It was just me and my 5 and 2 year old at the time. Wife was in vegas with her girlfriends so I took my son's with me to florida lol
    4
  28505.  @MichaelBordenaro  That is one hot market that I'm hoping cools down. I own land there that I want to build on, but the prices have gone up over $100k in the last 18 to 24 months for a 1500 square foot home with 3 beds 2 baths. On top of that.... the builder's have an escalation clause in their contract due to supply problems. You don't even know when your home will be finished or how much it will actually cost when completed. I believe that mortgage rates only lock in for 12 months. Homes are now taking 18 months to build.
    4
  28506. uninsured/underinsured is vehicles are a big part of my auto insurance.
    4
  28507. Those pelicans know there's a big bill a-coming.
    4
  28508. Ty very interested information ty
    4
  28509. Hi, we are from the UK and wants to move to Florida. To us moving in summer time is the only option simply because of school times. The question I wanted to ask is...once we chose house and agreed on the price, how long does it take to actually move in (get the keys) In UK is about 3-4 month due to solicitors process and I was wondering if it is the same in Florida.
    4
  28510. Hey
    4
  28511. It will be interesting to know for the people that have been buying during the slight increase in pending home sales what their income bracket is.
    4
  28512. Love the beach review videos as usual....There are super detailed. Thank you for mentioning the public transportation. Keep it up!!!
    4
  28513. Great video, Michael!
    4
  28514. Cảnh đẹp quá bạn ơi
    4
  28515. Of course they do, the massive 40% spike is not natural and needs to regress to the mean.
    4
  28516. The buyers agent gets paid for bringing a buyer... Kind of important sometimes... otherwise all you have is 3 or 4 people there pulling their pud.
    4
  28517. I'll stick to shoveling my snow here in NJ
    4
  28518. So I have the option to sell my house here in Northern California and potentially buy something in South Florida and eliminate my mortgage! It makes sense but the emotional factor of lots of family being here. Bottom line I would love to be there everyday!
    4
  28519. We sold our house in Colorado and bought a house for cash in Southwest Florida and had tons of money leftover even after paying movers and getting a new roof (which is just about manditory here).
    4
  28520. You gave a lot good ideas and food for thought. No need to apologize for the setting. Its fine. THANKS Mike!
    4
  28521. Great video as always Michael!!
    4
  28522. It so far away to have moving but not sure best affordable way to bring few furniture giving away most of it have lots boxes and move still almost 2 grand annoying many companies I get quotes they rush to get u lock in but I’m not yet
    4
  28523. Good to see you both!
    4
  28524. You're doing just fine😉
    4
  28525. Man the sun in Miami, is nothing to mess with. Spent 10 days in Orlando, out in the sun and visited Clear water beach and all that. Afterwards we drove down to Miami, and spent some time at the beach, and boom we got roasted.
    4
  28526. Condos are the new and improved mobile home 🏡 parks!!! Hopefully Condo owners don't live on social security because there is no security in social security. My heart goes out to the people trying to survive hyperinflation on social security 😪
    4
  28527. I would imagine that he doesn't support any of this crap. What are we all supposed to do? Shut up about it? The thing is I went to all the way through law school and paid for it myself just like everyone else should.
    4
  28528. What killed me when I moved from the Tampa Bay area to south Miami was that my auto insurance more than doubled. This was in the 90's. I'd hate to see what it is now. I moved back to Tampa Bay.
    4
  28529. Thank you for the video Michael. I like how you tell us where you are going in case I want to do research of the area. Love those shade by the way man. 😎😎😎😎🔥🔥🔥🔥 Keep it up sir. 🙏🏿👍🏿
    4
  28530. The beach looks a lot flatter and wider than everywhere else on FL's east coast.
    4
  28531. That you for the info.My family is really considering the move and have it narrowed to a couple cities.What areas would you avoid in Tampa?
    4
  28532. 🤔👍
    4
  28533. Great video but I totally disagree about unemployment being low. 7 weeks no job for me and companies are changing their minds about hiring after they placed a job ad. It’s a real tease.
    4
  28534. Hi Michael. Do u do any sales in the Tampa St Pete’s area?
    4
  28535. There already are COVIL PENALTIES in place for refusing to allow MEMBERS to access HOA Records within 10 days after sending a certified mail request. They are required to pay the member $50/day. Florida statute 720 @Michael Bordenaro
    4
  28536. Yes...the bidding wars! If they will stop then we will jump in. But I refuse to pay 20,000, 30,000 or even 40,000 over list price. That is pure insanity. I will hold tight and be patient.
    4
  28537. Well this one.....really depends on a person's stage in life. Things you thought as neg. I can consider pos. (e.g.working on your car, replacing the engine in the front yard; I would hate if my neighbor did this crap plus had an RV parked in the driveway/lawn); I don't want my neighbors to have a bunch of unknowns (often questionable people) staying for extended times. All preferences I guess. When your 25 ok, when your 60 not so much. Enjoy your posts
    4
  28538. Great information! Thanks for sharing. Do you know what the hospitals do for health care workers when a hurricane hits? Are they required to show up to work? I live in Canada, and we get ALOT of snow storms and have to drive to work pretty much no matter what. I have drove in the worst condition possible after a night shift, so hurricanes don’t scare me that much
    4
  28539. Traffic lights in Miami are screwed up. That is the main cause of the traffic.
    4
  28540. You said the rent at your old place is now at $1600, 1700/mo on the beach? Can you tell me where or what bldg that is? Thats still a good price now lol
    4
  28541. I absolutely LOVE this video. Haha! Hubby and I moved to Riverview in March. We bought in North Port in December and we have found both kinds of Floridians...the ones that are happy that we are here and the ones that are just grumpy regardless. I do love how you gingerly step around the grumpy factor. Florida is awesome. People should move here if they do their homework. The more the merrier. Bring good companies, with higher paying jobs. Such a HUGE blessing!
    4
  28542. Wow! Needing a loan to get married. The Justice of the Peace must be raking it in these days. 😂
    4
  28543. Lol, cars are parked on the grass in an upscale neighborhood.
    4
  28544. The thing with student loans is that my loans have been sold and resold to a few different companies...they buy those at discounted rates....I won't say pennies on the dollar...but it ain't full value. So, a good compromise would be that they do away with interest and maybe allow bankruptcy on them...or atleast do the "send something, even if you can't do a full payment" deal.
    4
  28545. A delightful walk. When you walked on the beach I said a prayer for each and everyone of the beautiful souls we lost in Surfside. Thank you, thank you, thank you and keep safe.
    4
  28546. I live in Aventura Miami. The malls are always packed and people keep spending. They dont appear to be concerned
    4
  28547. Happy New Year everybody!
    4
  28548. That is true, demand to rent goes up because of people needing a place to live, but the homes that don't sell have a potential to go into the rental market, so that dynamic might not be as pronounced. So rental prices go up but not by much, some homes might even see a decline if they are not desirable. These homes come back in the market for sale at much reduced prices. This kind of home might be a great buying opportunity if you don't have top cash, but with some elbow geese you can make it the best home for you. Key word is Patience!
    4
  28549. You're from Belvidere? I'm from Rockford! I'm in sunny LA now. I enjoy your videos! Have a great day! I used to live in Ft. Myers in the 90's.
    4
  28550. LOL my hotel was next to Earlington heights metro station and I passed thru Opa Laka and Liberty city a couple times. I was told Florida City is really bad by a guy in Hialeah
    4
  28551. We went to San Francisco in May and it has turned into a dump. Not sure how it changed so fast.
    4
  28552. Again it's the depreciation of our dollar..
    4
  28553. lucky
    4
  28554. Is it possible the "was" prices are lies to make the buyer think they're getting a price cut?
    4
  28555. Who benefits from FED buying MBS and not selling? Banks? Big investment? Because it’s definitely not first time buyers….
    4
  28556. I remember 14 % interest rates back in the early eighties! It can happen!
    4
  28557. Orlando. There's a lot. And at Lakes. Not on salty Beach. 🐊
    4
  28558. I like this gentleman’s channel
    4
  28559. Strict minimalism Strong self discipline Geo arbitrage The principles of FIRE are very relevant to 2022 Multiple rental properties in Middle America Visit nice places but do not reside there full time
    4
  28560. My rent is only $900/month for a 2 bedroom townhome apartment in a beautiful location in Connecticut. It is definitely better than owning for now while I continue to build my photography business.
    4
  28561. My apt in E Texas is 785 w/water included, electric bill is $100 less a month than it cost for my house. I’m saving more than 800/ month, it’ll come in handy for price increases in gas and food. I saw all this coming a mile away.
    4
  28562. Hi Mike. Another great video. We are planning to retire early to Florida in a 5 years. I need that time prepare my self financially. I am 55 now. What is your take on Naples. I was there many times and I loved.. But that was before 2000. A 20 years ago. I have heard that a lot has changed over 20 years. I forgot to add that a I'm from Chicago area (Cook County). Taxes are insane and getting worse. I will appreciate any feedback? Or maybe you can make video about it? Thanks!
    4
  28563. Great advice! Being grounded and managing your budget will reward your future assets.💐
    4
  28564. Like Tyler Durden would say " We buy shit with money we don't have to impress people we don't like". This typical in Miami, the most pretentious city were you see people driving high end vehicles that are leased paying over 1/3-1/2 of their income . The chickens are coming home to roost very soon!
    4
  28565. Fort Pierve should be in thr list
    4
  28566. Fun fact:. To Catch a Predator featured a list of episodes with the sting house in Flagler Beach, Florida.
    4
  28567. I told my wife we're not eating out any more because of the customer service.
    4
  28568. Median Household income is $75K/yr. A household is 2 people, so $30-$40K/yr for an individual is normal and probably won't buy a house. If they try, they'll have to double up on income, so I don't see why you're surprised people are getting into trouble. As far as blaming everyone's misfortune on inflation, I'm not buying it. How do you assume nobody has any money when Americans are paying $80-$100K for pick-up trucks, and almost $50K for a new car? Companies think their customers have more money, so they jack up their prices to get more of it. When people pay those prices, it reinforces that belief. If you want prices to come down, you have to stop buying overpriced stuff.
    4
  28569. i live in california and i dont have to pay for wildfire insurance because i live in a city and not in the woods.
    4
  28570. You can also sell belongings that fully belong to you (paid off). Hypocritically said, would it be worth it to sell that new iPhone or fancy TV and downgrade to be able to make the move?
    4
  28571. If you can’t sell your house because you over paid, you could always burn it down and collect the insurance, right
    4
  28572. Value of house goes down. Call your tax assessor and make them reduce your property tax. Win for homeowners.
    4
  28573. Why would anyone buy a condo in a building with no reserve fund? You are just asking for trouble. I personally would not buy a condo in any building that had a special assessment in the past 20 years.
    4
  28574. I’d pick Destin and I’ve been to Tallahassee twice I didn’t find it interesting. The fall and spring weather is supposedly the best for Florida
    4
  28575. I feel your Dad’s pain.😭
    4
  28576. In SoCal, I thought our rent was getting expensive after our last increase. Then we checked prices for similar condos and prices were $300-$500 more expensive.
    4
  28577. Lived all over the country and have been in North Cali for 25 years. It kicks ass - IF you have money. Everywhere sucks if you are broke. Edit to add - I lost my home in the Caldor Fire last year and there is still no place I'd rather be.
    4
  28578. Big pro weather in winter...big cons how people drive on I -95 between Miami and Pompano... it’s a circus with clowns who think it’s a video game ! Where is the police??
    4
  28579. Mike....Excellent story. My teenage kids and I watch your videos and they asked why don't they teach this stuff at school. I told them if they did, there would be more responsible consumers than those living daily in debt on a credit card.
    4
  28580. very good data science!
    4
  28581. Is this only FHA loans? As my 826 will screw me. 😢
    4
  28582. Epic collaboration!
    4
  28583. I think you will do well for several reasons. In no certain order :) 1. You seem down to earth. 2. Good content, things people want to learn about. 3. You are likable. 4. You are handsome. ( trust me, that helps) no offense! I honestly believe your channel will do well. Your type of content is not what I normally watch on YouTube but like I said, you are likable and I enjoy your videos. I especially love your Top 10 or here vs. there videos! Good luck, with the right amount of followers you can make a lot of money on here!
    4
  28584. FlavCity and Raiken Profit moved recently to Florida
    4
  28585. I live in a beach city in Southern California- literally 20 listings on zillow in my zip code and houses must be in the thousands. ranging from $900K to $2,5M
    4
  28586. You need to check out Ybor City in Tampa my friend
    4
  28587. You are not kidding about south Florida being on fire, as far as real estate goes! Great video!
    4
  28588. 👍✅👍
    4
  28589. Is there good construction jobs in Jacksonville ?
    4
  28590. People have too much equity right now, wait till prices drop and they won't be so willing to give away tens of thousands.
    4
  28591. It’s like that in DC. Any home near the Marc Train is expensive. It’s about convenience. Live in DC and pay more, live in the cut and fight traffic or live near the train station. The people who own near the Brightline are blessed. I’m definitely happy for them!
    4
  28592. Agree... but long term...starting in 2016 The birth rate has fallen drastically
    4
  28593. meanwhile..MSM just keeps talking about how tight inventory is...
    4
  28594. I think all of us that survived the last 3yrs are the hometown heroes especially if your a pure b..as far as myself wanting to continue Home ownership..well it's weakening everyday...me thinks me going to become a nomad..great video michael appreciate ya
    4
  28595. Too many homes in 500k+ range will eventually run out of buyers. The masses don’t make enough income to support this market.
    4
  28596. I am being forced to increase rent on a tenant due to hoa to increases. Keeping the rate at the lower end of the market. But when prices go up I have to pass it on.
    4
  28597. some of us can and will be able to afford a house right now...with VA loan and a good job I'm still going to buy this year. If the interest rates dropped to under 4% then you will see prices explode again unfortunately.
    4
  28598. God bless you and your family Michael. I pray the Lord give your parents A long life, good health and many blessings. In Jesus precious name. For God so greatly loved and dearly prized the world that He [even] gave up His only begotten ([d]unique) Son, so that whoever believes in (trusts in, clings to, relies on) Him shall not perish (come to destruction, be lost) but have eternal (everlasting) life.
    4
  28599. Over 40k subs! Congrats 🎉
    4
  28600. Just my take, without bashing on the kids, I would only testify that even since I was living in Hallandale in 1996, South Beach is not a place hungry for people. It has been bought and owned by the locals, and I mean locals within 2-5 miles, or playing basketball for the HEAT. It was $18 for me to park by the beach long enough to go to a job interview there. And that was over 25 years ago. My friends and I went out at night and encountered all kinds of attitude from bouncers, patrons, security guards, just general unpleasantness, and had to park a mile away. When I was in college, we went to Panama City one year. The place was empty before we got there, the other college kids and the bars and hotels loved us. It was a place as I said, "hungry for people" to visit. Probably Daytona was perfect like that. Purpose built for guests, not competing with locals trying to live there at a high rich lifestyle. These kids you see on the news, they want to be "ballers", but they don't understand just how not welcome they are. People are going to act up, and there are places that can handle it, even embrace it.
    4
  28601. I'm from Iowa and live in Florida. Yes, I do miss the quiet simple life of the MidWest.
    4
  28602. Just read this today coming out of China: On Wednesday, Guangzhou became the first major Chinese city to announce an easing of mortgage regulations aimed at encouraging homebuying. Under the new rules, people who have held mortgages previously can be considered first-time homebuyers and enjoy preferential loans, according to a notice by the city’s government. This is will spread across China - perhaps that will occur here too!
    4
  28603. Great video’s Michael. I would love to hear your thoughts on the rental market for the remainder of 2023. I am renting right now and will be looking for a new place in q4.
    4
  28604. Yikes, I better check on my old Facebook friends who decided to become real estate agents during the pandemic.
    4
  28605. Yeah Yuppers all those 500 credit scores are starting to hurt..The poor keeps getting poorer while the rich money bags kept getting richer..The Rich has their Coming too! We ain't seen nothing yets! BTO Bachman Turner overdrive
    4
  28606. Timing is everything
    4
  28607. Does he have a YouTube channel?
    4
  28608. The background noise is very distracting over your voice and you could get in trouble for putting kids faces on the channel. A+ for effort, but it's not your format and it's exceptionally difficult to follow on a headset or speakers. Thanks for trying new things!
    4
  28609. I think the FED will hike rates again next month. Inflation has been sticky in the past few reports. Also please make another video at the mall lol. Gives me liminal space vibes.
    4
  28610. Michael you’re Italian. So you know that the vandals won over the Roman civilization.
    4
  28611. Seems like a very beautiful area! Looking forward to part 2 and seeing more of this place
    4
  28612. San Diego may be an outlier ( I hope I am wrong), although I have seen some listed properties are cutting their asking prices, the demand to move here is still very high.
    4
  28613. ✌🏾✌🏾✌🏾cali. Life. Wow. Nicee
    4
  28614.  @MichaelBordenaro  Ya, I am heading from WPB to the Clearwater area. I would be lying if I said I was not a little nervous 😄 Like you said though, when you're younger it's a bit different. I made a big career change in my late 20s, no job lined up or money in the bank, people telling me I was stupid. This was a couple years after the market crash in 07, but it all worked out. Good luck with your future endeavors 👍
    4
  28615. That looks like a Michigan undercarriage.😱 My husband was an auto body repairman and one of the best in Michigan for 35 years.So was my Grandfather whom had custody of me when I was a kid.They will both tell you that an oil based substance such as Vaseline can be applied to some parts of under your vehicle to protect some of that and a good buffering of your paint may also get rid of some of that spray residue. I will ask my husband if he knows of anything else that might help.😀Can't use vaseline on your rotors though lol.
    4
  28616. I'm from Tallahassee and used to think the traffic was bad but when I moved to Tampa I said I will never complain about the traffic in Tallahassee again lol
    4
  28617. I loved going down to Florida when I was in the Navy, but it would take me quite a while to get used to the humidity. It's so much worse than it is here in the midwest. But I really miss the beaches right now, especially since I've barely been out of my apartment for the last 5 months due to the cold or rainy weather up here.
    4
  28618. Great content as usual data driven and spot on.... What about the Florida Rental Market? Especially the SW Florida Hurricane Ian areas? Your 12-24 month forecast? Thanks Mike
    4
  28619. Hello Michael I have a question here, I referred a friend and she did join but she hasn’t yet linked her PayPal account or any additional info for the check delivery. If she makes a purchase through the app do I still get the referral money or my friend has to have her Rakuten account all set up and linked to PayPal? Ps I can see in the refer and earn tab that she has joined pending purchase
    4
  28620. The predatory loans didn't screw over people. People screwed themselves over with predatory loans which no one forced them to use. This is an important distinction.
    4
  28621. Good luck trusting these “long term care Policies.” My recently deceased dad had a policy. They put us through hell trying to access money to help my dad who had dementia. Same with my living mom needing help at age 90. Thank God I didn’t buy a policy.
    4
  28622. Exactly what i needed, thank you!
    4
  28623. I like Tallahassee .. very green…dense green. Like the university .. thankfully no damn beaches I’ve traveled the entire state Was recently in the Everglades Ok to visit southern FL but you can have the traffic.. congestion.. tolls .. … and did I mention the congestion.. too many damn people .. phew
    4
  28624. With all the very High Expenses going up and ⬆️ THINGS WILL HAVE TO CRASH 💥❗️ This economy hasn’t seen anything yet. Thank you for another great video. Blessings, Carlos ✝️🙏❤️😊❗️
    4
  28625. Just discovered your videos and love all the good info… living in the Northeast forever, and l am happy here.. but have to say, when visiting FL one of my favorite places is Mount Dora.. it’s like a small New England town with palm trees , haha, that’s what l love about it…great shops, food, beautiful homes, etc… it’s not “beachy” and l like that, not being that kind of human… if ever I’d relocate it’d be to MD…. but keeping your list of favorites in mind 😉
    4
  28626. Finally a live stream with you 🥳
    4
  28627. I really enjoy your videos and have been playing the real estate game for years. We've lived in several different states because of my husbands military career. We are from CA and lived their in our 20's. We saw the ups and downs of real estate and learned alot. We see this is going on now throughout the U. S in hot spots. We came back to CA 6 years ago to retire. We were able to get back into CA real estate because of lessons we learned from our early years and our real estate investments. We are Boomers.
    4
  28628. Can you do a video on whether you should waive certain items from your insurance? We just got a quote for $5k on insurance but it would be only $2.5k if we waived hurricane and wind damage. We’re inland so not much hurricanes. Any ideas? Love the channel.
    4
  28629. Welcome to commiefornia for a vacation. Now please go back home and tell them not to be like California! I have lived here all my life in southern Cali and it is a disaster! I vacation in Florida and would like to move there. Yes we have beautiful weather but that’s where it ends. Don’t forget the property taxes ughhh. Thanks for another video bro! I am sure you had to bite your tongue a little on not just saying our politics suck here, but I will say it, California is going down the shitter!
    4
  28630. I don't care what you have to downsize...do it. Retirement is sooooo worth it...!!!! Retired over six years ago at 50....and NEVER LOOKED BACK....!!!!! I truly feel sorry for the next two generations though...they will continue to suffer...and make more...with much less.
    4
  28631. Love these vids but Breckenridge is just as bad as Denver or Boulder (if you REALLY want to experience some BS!), just at a different scale. More poverty & homeless in Denver and more wealth and up scaleness in Breckenridge. Breckenridge reminds of my own Bar Harbor maine, or maybe Carmel by The Sea, CA...which I guess you'll be visiting. In any event, Michael...Love the vids and, as far as content goes...KEEP ON DOING WHAT YOU'RE doing!!!! All interesting. All informative, and ALL helpful in making decisions about how we might all deal with what might/may be coming down the road...politically speaking..."and stuff like that"! PS: Did you ever play in a band?
    4
  28632. Warm beer and cold beans you'll have gas
    4
  28633. Useful real estate information. More more more.
    4
  28634. Damn..I miss the leaf blower videos..😂😂
    4
  28635. A live stream would be kewl to watch! Your information is very valuable to many and you do your due diligence with I along with many appreciate! Thank you 🙏
    4
  28636. Michael, sounds like you are headed to somewhere near Tampa...That would be my first choice if I was to leave Ca. But, West Coast weather is too perfect for me to give up....Just do it before you hit 40.
    4
  28637. Summer vacation rentals are done this season. Those folks tried to get $10K+ per month and missed opt-for-a-renter.
    4
  28638. The reason Florida won't dip to 2019 levels is because of the amount of people who have moved there last 18 months. Lot of people now renting waiting for the drop to buy. It will go down but 15% max. More people will keep moving in too. Banks should be banned from holding onto property for more than 2 years.
    4
  28639.  @MichaelBordenaro  Thanks again!
    4
  28640.  @MichaelBordenaro  Yes, LOL.😆😆😆 it went by very fast. About 2 1/2 hours. I stopped a few times to site see. So awesome!
    4
  28641. Single family home is not the same. Right ?
    4
  28642. Sad But True 🤘 love that song. Good to see you like metallica. Favorite song? And can we get some Hetfield vocals on the next one 🤔
    4
  28643. Good news? Make another doom and gloom video. Bad news? Make another doom and gloom video. No news? Make another doom and gloom video. Why don't you guys go work at the Fed and show them how it's done?
    4
  28644. That’s you man! Local celebrity 😂💪
    4
  28645. I look forward to your daily videos
    4
  28646. Great Info, keep it up!
    4
  28647. Your Doctor prescription analogy is spot on for where things are. Well said.
    4
  28648. Oklahoma and Tennessee may have cheap living and moderate weather.
    4
  28649.  @MichaelBordenaro  not perfect weather but it also isn’t Minnesota.
    4
  28650. But did u Hit the Like Button ???
    4
  28651. All that PLASTIC!!! NEED TO BAND PLASTIC. HARMFUL TO OCEAN LIFE!!!
    4
  28652. Facts!!! Good show brother 👏
    4
  28653. Great info im moving to miami in december for a job
    4
  28654. I just saw a video where you said you were quitting selling Florida real estate. I'm disappointed hearing this. My wife and I can't relocate for possibly a couple more years and were hoping to have you find us a place to live. We feel that you are an honest person. I have some health problems that hopefully will pass in a short time. We also are from Illinois. Only were about 300 miles south. We are close to the town of Alton. Anyway, we wish you all the luck in your endeavors.
    4
  28655. Complains about the taxes and cost of living in CA but then says he would give money to put homeless in housing. Guess what buddy it'd going to cost more more a few of your dollars. Good video though. I'm from the midwest and have life in CA for over 7 years. I am planning to move to Florida
    4
  28656. Cant believe people waste money on weddings lol! Divorce rate is too high for that craziness!
    4
  28657. 3rd!
    4
  28658. You can’t do any of that stuff in Cali anymore. Music, entertainment, etc, all closed if you’re not a politician
    4
  28659. Lower prices is not always guarantying a sale. This is so complicated that just trying to get the public to understand the dynamics will feel like your trying to put someone through college! My solution is, If I understand the dynamics and I am the buyer, I try to probe for the right real estate agent that also understands or is capable of understanding! Otherwise your looking for a fight. So the safes solution is to really just wait for the storm, if you got your money in cash then your best prepped to weather the storm!
    4
  28660. Very Beautiful, didn’t even know about this area! Love your driving tours! 🏖😍
    4
  28661. Nice tour michael. Loved this unit.
    4
  28662. Michael, I notice the amount of inventory is climbing back to pre-pandemic levels, this should cut prices a little. However the cost of building is much higher than before the pandemic and this will put a limit on the downside as $200+ per sqft for average construction and $300+ per sqft for quality construction will keep prices up. Don't count on a stock market crash, when everyone expects a crash the market will bounce higher. Lastly the rates being offerred by the bank seem historically high by 1.5% compared to the Fed rate; rates are likely to drop to 6.5% when Fed says rates are normalized.
    4
  28663. Yes great in the winter months but man sure is scalding in the summertime
    4
  28664. I was in a building like that on the 14th floor in South Korea when we had a large earthquake. The whole building was swaying back and forth very fast and I was on the floor getting tossed around in circles. I was shocked to hear about buildings just falling down for no reason. The building in South Korea sustained large cracks and I moved away a few months later, so no idea what was done there.
    4
  28665. Thanks for making this video and bring up the boomer topic. A lot of people have know clue about the great retirement that’s happening and will continue over the next decade.
    4
  28666. Hi Michael,......your videos are outstanding. My girlfriend and I are getting ready to retire. Florida is not on our ''maybe'' list,...but,.....we have learned so much about relocating thru your videos. I am financially in a good spot and could give any landlord the whole year's rent in advance and not even blink an eye,....so that makes me feel confident with wherever we end up. Btw,....we live in Baltimore and my sister lives Plano Illinois,...
    4
  28667. I drive city bus in Montana. In the past few years, I've seen the level of reckless drivers and severity of accidents increase dramatically. It's like half the people have forgotten how to drive and looking at some of the vehicles, they've been in multiple accidents. In the past year, I've been in two accidents (other driver caused). Both of mine had coverage though there was little damage (metal frames mean that you hit my bus, I win). I've heard other accidents have not had coverage so I'm sure the number of uninsured driver claims has gone through the roof.
    4
  28668. That house will be vacant til 2027.
    4
  28669. I agree with St Augustine but Naples is full of rich old white people. I was not happy there. I would not go back. St Augustine is my favorite too.
    4
  28670. HI MIKE I Bring you some News ' from the UK . it's official . FOMO is still Alive in the UK ! a retired friend of mine put her house on the market . 5 weeks ago , for £200.000 I Tried to tell her it was a bad time ..[she paid £75.000]15 YEARS AGO . the market is getting dead around my area . She had 2 viewings in 3 weeks . 1 was a young couple just married ' .showed a little interest . and a week later offered her £198,000. ... The interst rate is 6% Estimated . with a £20,000 deposit .Minimum a mortgage of apprx £1,275 month min . this couple only have minor jobs its a FIRST BUY . it's obvious they dont know whats going on . and still assed the need to buy . its Crazy . i said to my friend WOW You were Lucky ..she agreed . Derek...i really felt sorry for the Couple . they could go into negative next year ...
    4
  28671. Thanks Michael. As you've outlined, you have "everything you need in Miami", however, there must be something that makes you want to consider a move. My first thought is that you would do well to have a viable and serious backup plan to the youtube business. Without going into detail here, I don't have to tell you and Lizzy that there are seriously dark clouds on the horizon. Now that's ok if you've built a fortress, but nothing is guaranteed in our present economic climate. Godspeed and God Bless.
    4
  28672. So it sounds very expensive!
    4
  28673. claw back act omg that's beautiful put skin back in the game, make people take responsibility. I'm 100% pro capitalism but it requires mitigating externalities like these bad players been up to.
    4
  28674. Was thinking of you the last two days. Since my truck broke down I have had to walk 3 miles to the auto parts and the post office. Also saw a HUGE iguana near Westwood Lake but with no truck had nothing to shoot it with and catch so I can carry it home.
    4
  28675. Another informative video Michael! Question: Are there any locations in Florida that are less susceptible to hurricanes? I’m thinking that maybe the Northeast near St. Augustine might be fairly safe. What do you think?
    4
  28676. I have no doubt that realtors will tell you now is the time to buy when a killer asteroid is hours away from hitting the earth
    4
  28677. I thought the sign in the back said “All we have is snow”. Haha
    4
  28678. Coastal areas and areas with a lot of natural disasters in recent years are getting astronomical rate increases.
    4
  28679. Also refinance will go down a lot with higher interest rates which will slow down remodel jobs significantly.
    4
  28680. Jeep has been terrible since Fiat became it's parent company.
    4
  28681. Good point. Some friends applied forbearance in 2020 during furlough. Soon after, they have been recalled by the company. But they are not paying mortgages for their home and rentals. Now their mortgages are converted to 40 years. They live for free and collect rents for a year. They invest it in stock market and crypto, making huge gains. Very smart people. Now they advise me not to invest in real estate because of artificial inflation. 🤔
    4
  28682. And this is good for the majority of the population. An affordable property is better than a property you will fall underwater on. I mean we are trying to purchase a first home and not using the home recklessly to flip and use residencies as products on a shelf.
    4
  28683. America is run by greedy politicians and corporations. Very sad.
    4
  28684. Don’t know anyone in Florida currently living in Oregon thinking of taking the jump I have 3500$ and would live in my car rent out a P.O. Box for a adress so I can work I. Florida and just build from the ground up
    4
  28685. The seasons are being pushed forward like a circle. It will be cold in March and April and it’s hot like summer in October still It’s so weird, hurricane season will be in the holiday season The cost of living here has gotten insane! I can’t move away due to coparenting. But I don’t like the hot humid weather. I can’t afford outdoor ocean activities so I work and stay home a lot. Literally just surviving here because unfortunately I was born here and never left before I had children here Maybe one day I’ll leave to retire somewhere else once my daughters are grown. I also don’t like the way the people have changed, the attitudes you mentioned and the much heavier traffic and crowdedness over all. Staying home is almost preferable to be quite honest!
    4
  28686. Hey Michael, in Utah all the snow is melting and the floods are here. We got more snow this year than in years. Climate change is real.
    4
  28687. Hi Michael! Posting this 2/3 about 7:00 pm. I'm in the VERO BEACH area. The a/c is off, temperature has plummeted, light rain has ended. It's not going to last, as usual. You got your wish. It is so comfortable with a break in the humidity. I have cousins that relocated from NJ last year (job move). They bought in Palmetto Bay area, and love Miami but not our rollercoaster weather. ** In a previous video, several postings were made by people like me who want to move, but were NOT going along with the inflated inventory prices. I HOPE that prices do drop 20 - 25%, sooner than later! Some of us simply want to downsize and we're cash buyers. I won't leave Florida. Seeing insignificant reductions over a long time period, makes me want to scream! Listings are getting stale, but Sellers won't budge, despite vacant homes with taxes, insurance, utility bills, lawn services, etc are still being incurred. I think they are in for a rude awakening, and will wish they lowered their listing price sooner. While they waited for the perfect contract, time will cause US to reconsider alternative options. IF, if, if........I could shrink my home, I might just stay!
    4
  28688. Interesting video. Yes, I would love to see videos like this in all kinds of weather so we can see the realism of living in Florida and how it is to drive in the pouring rain......or how others drive, more to the point! And by the way, when you were commenting on the busy traffic my husband and I were thinking how here in Orange County, California, we would be saying how LIGHT the traffic was!!!!! Just one of the reasons we want to leave here!
    4
  28689. CA is beautiful. I feel so happy every time I visit. I want to move to San Diego. I'm just concern about the jobs and the cost of living
    4
  28690. HELOCs- My parents have one currently and just received a notice that their interest rate jumped from 5.5% (roughly the same since 2016) to 12% in one go. There's a lot of people that are about to be slammed with similar hikes, if they haven't already.
    4
  28691. You look like a GQ model Mr. Bordenaro, and I like your commentary. Great work!
    4
  28692. You can buy cute manufactured homes under 200,000 or houses up to a million and No matter where you live everyone pays the same HOA and has access to the same amenities
    4
  28693. There is a budget for everyone in the villages and the HOA fees at 160 per month is the biggest bargain for what they offer
    4
  28694. I knew about sink holes, is spring hill one of the sink hole areas?
    4
  28695. Make sure you get the building engineering inspection report before you sign a lease, sheesh
    4
  28696. I live here it was a wonderful place to live.. Unfortunately in the past few years everything has doubled in price and thousands have moved in and in..The winter months it is crowded.. pronounced Dun Edin. Traffic is terrible come winter trust me .. But the causeway over to Honeymoon Island is nice and also Unfortunately Honeymoon island is now crowded also used to be a quiet retreat but like every where else in Florida crowded...
    4
  28697. The economic climate circus continues, Feds will most likely raise rates again.
    4
  28698. Amazing videos!!!!!
    4
  28699. I feel like my lender at that time 2010 did same thing to me she let me go under water to benefit her company with 1/2 the price of what they sell the house to me sad really sad still hoping to find something at this moment...FAITH
    4
  28700. Oh my! That is a lot of water! Pretty scary for you and your vehicle.
    4
  28701. In the last two years i set up a lot of home offices for remote work. Now so many companies have cut back work and guess who gets cut first? I am still waiting for prices here in Westwood Lakes to fall. I remember in 2008 prices had spiked to 400K and then they fell to 180K. Good advice about home owners leaving when a real estate agent shows the place. If I ever buy a home that will not be an issue because I will be looking for something run down and abandoned. The only resident I want to see has 4 or 6 legs.
    4
  28702. Another banger ^^
    4
  28703. By the way that was not a rose, it was a Bougainville plant.
    4
  28704. Michael, Thanks for great video, what about house in the Miami, Miami Beach area?
    4
  28705. #1 Moving from family. #2 The Heat. #3 It ain't 'all beach all the time". #4 Jobs take people away. #5 Lifestyle gets old. #6 Moved to wrong part of Fl. #7 It ain't like "back home". Good job!
    4
  28706. Michael glad to see you want to stay in shape. I am just about 66 years old and workout three days a week. I have my own gym in my garage which consist of free weight and a bench along with two heavy bags in order to practice my boxing and UFC type of workouts. I will admit at my age things are a lot harder now and get harder as the years go by. I survive dying twice when I went into the hospital for a neck operation only have my heart stop twice in recovery. The doctors told my wife that they believed my survival was do the fact that I was in shape. For the record the reason I believed I didn't die then was because God had a different time for me and no matter how in shape I could get when it's time it's time. God bless and keep on lifting.
    4
  28707. Excellent, well spoken. Thank you for your knowledge. Do you handle cross boarder clients? I am Canadian, (don't hold that against me lol).
    4
  28708.  @MichaelBordenaro  , thank you for your response. The Miami Beach area is not exactly the spot I'm looking.
    4
  28709.  @MichaelBordenaro  Fantastic. Will do 😊👍
    4
  28710. I recall you discussing how buyers were waiving home inspections, would they have any recourse if the seller did not disclose known problems?
    4
  28711. Bubble can only go so big until it pops.
    4
  28712. In this video I've learned that the housing market in Florida is blazing hot.
    4
  28713. A lot of people from Latinomerica, on vacation ⛱️on that building.....
    4
  28714. That's a good point. Someone wfh while their spouse and kids or whatever are also home..... Is a lot different than just being alone all the time.
    4
  28715. Retired and live in a paid off home for over 25 years. Will never move.
    4
  28716. The truth will always be the truth. It is harsh to hear but it's the truth. We sometimes come up with a lot of excuses and negative mentality that puts us backwards. Your words are full of wisdom and truth. In the United States we are fortunate to be able to make our goals become true with perseverance, dedication, patience, effort, and lots of work. Thank you always for your wisdom, advice, and saying it straight like it is without loopholes. ❤💗💗💗💗
    4
  28717. I agree...Things are in a state of flux, anything can happen......Better to be nimble and alert......Thank you...
    4
  28718. This is exactly why I decided to stay away from the Stuart area in Martin County, that and where the new Brightline train gos through. I moved to Brevard County instead. I’m happy here. I’m near the beach, but in flood zone X. Sea level is higher. The Condo Association Insurance went up, like everyone else in the State of Florida. I expected that.
    4
  28719. some people need their assets kicked.
    4
  28720. Wow very cool 😎
    4
  28721. Another good installment of the Florida tour. I like the Satellite Beach sand better than Melbourne. I like the white beach better. Bermuda has the pink sand beach, I collect sand from the places we visit. It is interesting to see the differences. So I appreciate the info you are giving. I prefer the clearer water. After experiencing the Caribbean waters and now South Florida water, I prefer the clear water. I never knew Florida had the same good clear stuff like the Caribbean until visited Florida. Good to know Cocoa Beach is dog friendly. That is part of the charm of getting away from the hustle and bustle places. You get the quiet and peacefulness. You can slow down and plug into the nature. Even bring along your best friend. Looking to the next video of the tour. Thanks
    4
  28722. America's economic divide is huge now. The sellers will win. They have the money saved up and the equity to withstand the downturn and rent out their home for the next 5 years. Most owners can make a profit from renting but let's say they lose $300 a month from renting out their house, well they only lose $3600 a year. Now let's just say they rent their home for 5 years, well they only lost $18000 and the home probably went back up in value to where it's worth it to sell. The other option would be to sell and lower their property price to $30,000. Which one is the better option as a seller?
    4
  28723. Winter in Canada..is no joke !
    4
  28724. Ballin on a budget
    4
  28725. What was the point in going in the first place? It blows my mind that you would decide to go before you truly had a concrete plan.
    4
  28726. The unemployment rate will spike as the consumer pulls back discretionary spending.....they don't have enough at the end of thr month
    4
  28727. I just seen a article that Clearwater is doing about a $84 million investment in downtown to try to make it more of a destination for shoppers/tourists and to pull more businesses into downtown. The main investment mentioned was the park along the waterfront before going over to Clearwater Beach. I think it was a two year project and hopefully it does good things for downtown Clearwater.
    4
  28728. There are three beaches on Anna Maria island, each with its own vibe. Looks like you’re at Holmes beach? This is one of my favorite videos of yours. I’ve considered buying a place on AMI; there’s a few that are in a more reachable price range, and I’m big into bicycling for both exercise and the scenery, so it’d be great to live where I could bike all the way down AMI, onto Longboat Key and farther south to Lido Key. The west coast version of my A1a rides I used to do when I lived in Boca.
    4
  28729. Dang we're really comparing homelessness to living in a manufactured home. If this is the case I really am screwed. Thats all I can afford. I got a friend who bought their house in 2018-2019 it was built bran new as well. 3 bedroom 1200 sq foot in ocala fl for 165k. I don't think prices will ever get like that again missed my shot. That being said even if a "crash" happens it wont be enough for me to afford anything again.
    4
  28730. Yes, I can’t wait to move into a condo or apartment. I just don’t like living in neighborhoods, boring for me, prefer to live closer to city/friends. What Park are you at? Looks nice! I don’t recognize it
    4
  28731. Did you say"what kind of crack they're on" 😂😂😂
    4
  28732. Hi great video! We live in the Tampa area and we love it here! Saint Pete’s pretty happening too!
    4
  28733. How much cheaper is that Illinois insurance?
    4
  28734. LOL you sure hit the nail on the head. I'm startled that by now ,with all your walking around ,some realtor hasn't tried to run you off the sidewalks.
    4
  28735. Born and raised in commiefornia and I am sick of living here now.
    4
  28736. Hi mike great job I seen your email from a far I need to get back to you i have a full inbox lol 😂😝 how u been?
    4
  28737. When will banks be introducing 25 year car loans?
    4
  28738. After the condo collapse people are currently making offers???
    4
  28739. Everything is F'ed. How the hell can anyone say we are okay when they always have to bail something out like the banks in March? Jeez, wake up people. That money printing to bail out the banks in March showed up in the current CPI. Inflation is going to take care of all of this. Higher and higher prices means loss of demand and loss of corporate margin. To make up for this loss of margin employees will be sacrificed. That's just how a natural recession works. We are reaching the elimination of jobs stage cause they can't print money anymore cause it shows up in CPI as inflation, hence the current CPI report. Time to buckle up butter cups and bite bullet. Let the house go. It's an overrated form of wealth anyways. Bond and stock market much better game. Push a button all you got to do and you are out with a 5% loss instead of a life ruined.
    4
  28740. Michael you are very wise. Love these walking info videos🙃🙂
    4
  28741. Thank you, I am planning on moving from Ohio to Florida in November of 2022, for a number of reasons one of them is to be closer to my aging parents, and other family members, as well as my own health. I did make contact with an organization that does the same line of work I do in Ohio and they said my timing was impeccable because they have someone retiring and are excited to meet me...so hopefully that will still be the case when I arrive. I was looking at Tallahassee, I watched several videos that discouraged people, but from what I am seeing it really sounds like the perfect city for me. I will be turning 60 in December, and I realize it is a college town full of young people, but I am okay with that.
    4
  28742. H.O.A? I'll pass! If I can't walk out on my back porch and take a leak....the neighbors are too close.
    4
  28743. 1:55 Hilarious comment about the multitude of birds. I am in CA and I had the same reaction when I saw the birds in Daytona Beach! I was in the area by Florida Shores Blvd in the winter. We should compare our bird pictures!
    4
  28744. Thanks for this video Michael, I’ve always thought about this process as I know a lot of foreigners own property in Miami. Also, I thought about doing this in Spain.
    4
  28745. If you have financial independence and aren't driving to work every day....move further out west from the beach. Still only about 30-45 min away. That's not bad at all. Great way to avoid the traffic. I live in SW Miami and i found this video hilarious. Thanks for reminding me why I hardly ever go to Miami Beach. It sucks lol mainly bc of the traffic and absurd over priced nonsense.
    4
  28746. continue keeping it real, as much as these FOMO buyers dont like it
    4
  28747. How did/do you feel going down memory lane? Miss anything in particular?
    4
  28748. ALL new home costruction up 60%
    4
  28749. I've worked remote for a long time even before the pandemic but selling a home and moving clear across the country is a big risk to take on a verbal comment; if I were in that position I'd not go in and wait to get fired, at least then you can collect unemployment.
    4
  28750. Mr. Bordenaro is an honest man.
    4
  28751. Well done 😎
    4
  28752. Great videos Michael !!
    4
  28753. I love the credit crunch. I am angry at these piece sh-t leveraging to hyperinflation to make money in these ponzu scams these house flippers do for instance. These people run scams which is causing so many people to not be able to pay their bills
    4
  28754. Sometimes it's in the condominium declaration. They have rules that can void mortgages sometimes
    4
  28755. We're actually in the midst of looking to move to Tampa or Orlando. I think this video is exactly what people need to make the leap and realize it is part of life to take these risks associated with moving. Great video 👍
    4
  28756. That's my Neighbor their renting so they don't do up keep! 😠😠
    4
  28757. Gold, silver, tools, materials and a working farm. Thats where you want to be for Success.
    4
  28758. My real estate agent in Vegas doesn't think homes prices are going to pre pandemic levels ever! She admits things have been slow but will pickup again in spring summer 2023 and prices will go thru the roof again no matter if interest rates are high, inflation still high, nuclear war.. I tell her oh yeah those homebuyers are taking a MASSIVE financial RISK To buy a home bc they are bag holders.. not me! 😉
    4
  28759. I've heard that many Asian families who have very little to start with team up and buy a house pay it down quickly and so on so that everyone ends up with something owned outright. That's how they build wealth from scratch.
    4
  28760. I'd be stopping to admire all the pretty flowers too 🌺 😍 and trying to make friends with the kitties of course. Seems like a lovely place
    4
  28761. Should be a few years down and then a few years at the bottom. Stack cash and buy the deals in a year or two.
    4
  28762. Man..... Those hydraulic leaks from whatever waste company services that community are bad! 💀 Love your consistency on communating truth!
    4
  28763. I am sympathetic to this argument in part but it has to be said that likely the most important thing that impacted what happened after 1971 was the massive disruption of culture (getting much more lenient / "nicer") and government (getting bigger) of the 60s. Those two phenomenon had huge impacts on America both positive and negative.
    4
  28764. Good life lessons, especially for younger generations to learn to not bite the over consumption bug so quick in keeping their debt manageable or as close to 0.00 (the good Zeros) As for risking your car.. be aware of the debt traps out there.. there's plenty and prey on the ignorant, desperate or not so well informed..keep your spider senses tingling to be fully aware of these "good deals" Last tid bit... just because something is promoted as easier, doesn't necessarily mean better... you'll have to use your rationalizing skills to determine if whenever is being promoted as easier if it is truly better. Be well to all ❤
    4
  28765. The old man with no shirt caught up and passed you 😂
    4
  28766. Absolutely well said! I’ve owned a few houses and ur spot on! Cheers 🥂
    4
  28767. Happy birthday Michael!! May God bless you with many more!
    4
  28768. typo alert... BIG PRICE drops coming not PIRCE
    4
  28769. 👍🏻well done
    4
  28770. Hey man thanks for the information I’m planning to move from Baltimore Maryland to Orlando Florida in December January. My budget goal is to have 15k saved I should have it by my moving date.
    4
  28771. I ran into a mama gator with her babies while hiking south of Jacksonville. Lets just say her eyes were definitely on me
    4
  28772. Michael always describes everything thoroughly and fairly!
    4
  28773. In 20 years when Micheal finally gets that beard he's going to be the Don Johnson of grizzly adams
    4
  28774. Beautiful & Peaceful..........
    4
  28775. The walks make the videos much more watchable. If we want a lecture, there are real estate youtubers that do that format.
    4
  28776. thanks Michael! do you have apartments in your property listings?
    4
  28777. Trying to move to the Fort Myers area from Michigan. I'm a working millenial. Want the better weather, and to help make the state red.
    4
  28778. i think government should stay out of it (making people rent a house) but should ban investors on residencials
    4
  28779. Nice video! I think the first would be the place I'd pick :)
    4
  28780. Gorgeous home...how much would that cost?
    4
  28781. Dude at 11min, im with ya, at age 36 and finally more relaxed and do not feel like throwing a wrench into my life by having kids! I thought i did when i was younger, but was really pressure from parents to “continue the family name”
    4
  28782. Your narration is excellent!! I can listen to your videos non stop, they are so addictive 😀
    4
  28783. Thanks for video! Looking to retire to Tampa area from NY in 2 to 5 years and on-line research doesn't result in much less than $500,000 to $600,00 for 4 bedrooms with enclosed pool/spa. Mosquitoes will eat me alive. Those CDD's, HOA's and taxes are ridiculous too but the older houses without them are not energy-efficient I guess and need updating. So frustrating. So many houses are too close to each other in Florida, can't play music outdoors. I don't want anything too close to the water whether it's a beach, pond, or river due to flood insurance, hurricanes, alligators, snakes, etc lol. I'm a city girl. I like music and the nightlife.
    4
  28784.  @MichaelBordenaro  I grew up in apartment buildings in the Bronx then moved to the suburbs where I've lived 23 years so I don't think I ever want to move back to an apt again. I'm sure those gators aren't roaming the streets daily. I'll get a house further from the water and a pool with a lanai. I'll find a compromise somehow and I'm good at finding deals. I'll either find a highly motivated seller, move further north, or get a 3 bedroom with a den that can serve as a bedroom. Where there's a will there's a way. We have bugs here too so I have to spray myself before I go to the yard/deck. Thanks for your help and I really enjoy your videos.
    4
  28785. Second!
    4
  28786. Great information for everyone who is itching to sell and buy another house. Lots of important considerations!
    4
  28787. Florida is just another sunbelt state for most people. The beach can get boring. Colorado has a lot more things to do in summer, but has a cold winter
    4
  28788. Last year when I was staying in Leadville CO, 10,200ft elevation, June 20 it gets down to 28 that morning! Lots of frost everywhere. That day, back home, the low in Tampa was 82. Did the same July 1 near Silverton CO!
    4
  28789. If you can really afford a home there, it would not be a deal breaker making repairs. Those who can.. expect the added expense. Buy what you can afford and be proud of what you achieve. In the meantime we will enjoy the walking videos.
    4
  28790. Man Mike!!! Next vid Open Door just reported they lost a WHOPPING 42% percent on Ibuying!!!!
    4
  28791. I live in Northern California & it’s not as bad as Southern California with the crime, traffic & the homeless. I avoid SF & Oakland. I love the weather here & how there’s always something to do. This year I was in NM, AZ & OK & the heat and/or humidity is a lot & you don’t even feel like going out during the day. I’ve visited FL as well and same story. We do have earthquakes/fires but I don’t think fires will affect you in Marin. I couldn’t see the lockdown happening again, I think it was a learning lesson & no mask mandates now but I don’t mind wearing one if he keeps me from getting sick. Why not wait & see if prices drop this year & next & make your decision? what does your wife want to do? It sounds like to me you’ve already made your decision.
    4
  28792. Hello Michael, Randall here again. Great job show casing some really affordable houses. Those are great options for folks at real good prices. A home cheaper than you can rent up here in Maryland and build equity and take advantage of the many benefits of home ownership instead of renting. I like what you said, if you are open minded and flexible, many of these will make great homes. I would like to see some a little more expensive, in the 400K range. I like that you mention HOA, because that makes a difference in cost and freedom of your property for dogs, having a RV, race car trailer, or boat etc. In that range there probably be consistently nice properties away from flags like apartments, highways, major roads, malls, heavy business districts, trains, etc.
    4
  28793. Love to see two good guys helping others protecting their assets and money. Thanks gentlemen!
    4
  28794. Good advise to young people
    4
  28795. thanks for the info. Great video as always, congratulations on reaching channel milestones! God bless you in Jesus name John 3:16
    4
  28796. Michael, did you see the number of kem trales behind you in the sky?
    4
  28797. This little home is cute.
    4
  28798. great channel sir
    4
  28799. If the car is registered, it is mandatory that you must carry car insurance or else your license will be suspended
    4
  28800. Apparently everyone just needs to pull themselves up by their bootstraps
    4
  28801. Regarding wind insurance, what about homeowners insurance? In other states, you choose the amount you want to insure it for, it has to be a minimum, but most likely if you insure it correctly with HOI, you will be ok. (Please correct me if I am wrong) - Flood insurance- it looks like FEMA is expanding their map all around anyway. All the other issues you mentioned is just about how you handle them.
    4
  28802. Really Great Video, a lot of good Intel.....I'm curious how, Century Village ( Boca and W. Palm Bch.) rate on the list ?......Thank you very much, Michael.........
    4
  28803. Agree with you 100%. You just said what I have been saying. You how know how I know...it happened to me in 2008. The media will never say what you are saying till it happens.
    4
  28804. Keep showing crazy flips
    4
  28805. You mention at the beginning (0:38) that it’s not that easy to make friends in Florida. Would love to hear your thoughts on why that is.
    4
  28806. Michael, if you get the chance visit St. George, Utah and throughout Utah , it's beautiful.
    4
  28807. Government should never be involved in capitalism. If the property is sitting empty, then the owner is losing money, which is why you see the price to continually drop. We are in a housing crisis BECAUSE of government regulation. And here we are begging for more....
    4
  28808.  @MichaelBordenaro  sounds good. i'll be out there permanently in 2-3 weeks.
    4
  28809. This is also what’s going to happen when a house dies. Lots of green regulation in the pipeline for residential homes. Don’t comply, the Govt gets it. It’s still imminent domain. The Govt can regulate anything out of existence. The ruling class will get the oceanfront. The working class will get Govt provided housing i. the form of a lease. Sound familiar?
    4
  28810. Ive been going thru my Miami trip pics and just posted a photo of Surfside to my Instagram this week. Wish parking was better in Surfside but I had the water to myself when I swam at the beach there. It also looks nice at night
    4
  28811. This is a great video & you are so up front & honest. thank you !
    4
  28812. I bought a pt cruise cash yrs ago its still going🎉 God Jesus thank you ❤
    4
  28813. Stinson Beach & Santa Cruz are the few swimming Beaches in No. Ca. I hope you get shots of Highway 1...The drive is awesome!!!
    4
  28814. The longer prices stay high, just like the stock markets are reluctant to decline, the worse the crash will be, imo at a minimum going back to 2019 levels. Periods of high inflation always always end with a recession, nothing personal just the business cycle
    4
  28815. Did you check out Joe’s crab shack, restaurant on the pier? Very good! And the Hilton there is a four-star hotel on the Boardwalk and really cheap to stay there. You can often get a regular room for just a little over $100 a night and the cabana suites are $300 to 400 a night, huge Suite & you get your own patio, really nice! 😊
    4
  28816. I agree with your negative attitude about university degrees. IMO the University Degree World has become an industry and folk have been brainwashed into believing that the college grad is brighter than the highschool leaver with the same brain. I think universities ought to be for the professionals and the clergy and that other folk can start working or training right out of highschool.
    4
  28817. That's a great deal. I am glad you are enjoying my favorite part of Florida.
    4
  28818.  @MichaelBordenaro  < I think I will check out that place next time I am up that way.
    4
  28819. Awesome two ✌ ✌ .
    4
  28820. 100% agree with allowing your kids/grandkids to make it on their own! It teaches them so much. Michael, you are definitely an old soul because not many your age feel that way. So glad to hear you say that. Ps I was just visiting St Augustine over the past few days…(I know how much you like it there)…stayed in an Airbnb & walked all over the place. Drove thru Vilano Beach & Flagler. Yep, I could live there. Too bad it’s ridiculously expensive.
    4
  28821. Forced PAYMENT for time-limited parking??!!! 😡🤬😡🤬😡🤬
    4
  28822. I myself like the "familiarity" as you said, so visiting and coming home is my style
    4
  28823. very nice pick up, smart man, now you need bitcoin
    4
  28824. You know what Michael..You are a breath of fresh air...I watch everyday...Thanks for your hard work....and information we never hear about.
    4
  28825. Nice video. Funny though when you talked about Tampa and Orlando, you mentioned the crime being kinda bad in Tampa. The crime is considerably worse in Orlando. Also, violent crime is much worse in Orlando than Tampa. Not sure why as they are pretty similar, however all the crime statistics show Orlando has more crime. I am also a big fan of the Sarasota area but it can be quite expensive. St. Augustine sounds great. I need to get up there!
    4
  28826. water looks amazing
    4
  28827. When I was immigrating to the US in the 80s, I expected that in the USA I could make enough money to become part of the middle class and buy a house. Now I regret that I would not consider Europe, Canada and New Zealand at that time. In the USA everything became so expensive, and one would not even have access to a free healthcare or education. Even I have a house with no morgage, good education and a job now, I would no consider my situation as a very middle class. Politicians are screwing people in the US! How can our children prosper in this country now?
    4
  28828. Thank you, we're still looking. Thanks for the positivity!
    4
  28829. Best part Michael playing guitar! Style is totally my vibe! 🤘🏼
    4
  28830.  @MichaelBordenaro  That is the price of liberalism. But the homeless & trash are only in certain areas.
    4
  28831. I have a question, do the 40; 50 and 60 yr condo inspections fall only on condos 3 levels or more, similar to the surf side laws?
    4
  28832. When are you selling your condo? :P
    4
  28833. Great content sir
    4
  28834. For the nay sayers out there, it depends on where you live in Florida. If you live in a beautiful area, you call it paradise everyday, and if you live in a crappy area, you might call florida overrated.
    4
  28835. im from here and can assure you, nobody is equipped to pay an extra $320.00 a month. These people are on edge as it is. if he raised it to like 50-100 it probly would have been fine. He must have spent millions on this property. Awful, cant do that to people. Gradually you can but not like this, maby legally its fine but morally its bankrupt.
    4
  28836. Hi Michael it was nice meeting you today at Publix you were missing the shades but still recognize you lol ...I finally shaked 🤝 one of my fav YouTubers hand
    4
  28837. Hey man, I love this. I am from Jacksonville Florida DUVAL!
    4
  28838. 2024 is going to be wild! I’m actually looking forward to it and hopefully I’ll be able to buy some commercial properties. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    4
  28839. thanks Michael
    4
  28840. If home builders are not catering to millenials, where are they going to make money. We are the largest generation in America now.
    4
  28841. I wear my sunglasses at night
    4
  28842. The kids they had don't care....good at saying I'm sorry though..yep you got it
    4
  28843. if ur moving from west coast i think easy move will be sell every thing and come with one bag 🎒
    4
  28844. I can tell you will never retire.
    4
  28845. Is Air b&b allowed in Miami Beach?
    4
  28846. Oh my word - two of my favorite you tubers!! Next time bring Travis from Real Estate Mindset:)
    4
  28847. I think I remember one of your episodes you discussed people monitoring email between clients and brokers then getting the client to send their payment to an account that wasn't the brokers account.
    4
  28848. Hi Dad 👋
    4
  28849. It’s literally going to be more then 10% I bet! You called during the pandemic! 😂
    4
  28850. I have beautiful ice and snow you can video🥶
    4
  28851. I would think it is in Walmarts best interest to use a phrase like "under-performing" .Can you imagine the whocke back-lash if they said it was "five finger discount" that was the problem? I'm sure you can read btwn the lines here. They would never be able to close a store again without huge protests.
    4
  28852. Lets All wish Michael a Happy Bday today!!!!
    4
  28853.  @MichaelBordenaro  Happy birthday!!!
    4
  28854. Great video! I like to bike ride. Are you able to ride a bike on the boardwalk? Where does the boardwalk start and end? Thank you
    4
  28855. So glad your channel is blowing up!
    4
  28856. I do what ever Michael says to do, and now I’m a Floridian! 🧚🏽‍♀️✨🏖
    4
  28857. UPS has been awful lately! Like, worse than normal. Also, I noticed Amazon delivery has been getting longer and less accurate lately. What is going on? Is FedEx and Walmart next to let delivery fall apart? Why is the service quality tanking?
    4
  28858. great, they're going to raise taxes to "give" away, and this will just raise house prices, like the way loans and grants have blown up college tuition
    4
  28859. I think the matter is made worse due to Covid. More people than every wanting to move. I grew up in S . florida and nobody really cared where you were from. Good video and kinda funny about the hair.
    4
  28860. Michael I have been in Tampa for almost 40 years. I have never seen it this crazy. Today I read an article about a home on Bayshore sold in 3 hours for 3 million plus. The new owner turned around and selling it for 10 million. Places that were under a hundred thousand are now 300,000. Rentals are way above wages. Eventually the market is going to run out of renters. Especially if the economy takes a downturn. Back in 2006 the experts were saying to get in, last chance. 2008 was a reality check. Interest rates going back up may put brakes at least on the crazy appreciation. I live in an extended stay motel, Rents have went up 50 dollars a week In a year. Now there are vacancies. Like you I am in auto saving. If prices tank I am in a great situation, if not I will retire in Southern Georgia.
    4
  28861. We are no longer spending. I made a few Christmas gifts, but not buying anything. I have increased my deposits into Savings. Groceries are way too expensive. I have zero balance on credit cards, and am hanging on to 3.1% mortgage rate. Would love to sell and buy a smaller home, but not in this market. My auto insurance went up 40%, and I have a clean driving record with no accidents. I did find new insurance and am saving $141/mo for same coverage.
    4
  28862. How can anyone survive in Cali?
    4
  28863. I really enjoy these walks, Michael. California is also having insurance issues. I’m thinking about getting a small place in Florida for the winter. I’m in Colorado now & the Winters are livable. I terribly miss rain.
    4
  28864. I really like this place! Would love more videos like this! And you’re lucky it’s just rain down there, we got over a foot of snow up here now! 😩🤣
    4
  28865. Congratulations on re-electing DeSantis!!!! He’s a total rockstar
    4
  28866. Well that video just flew by.
    4
  28867. It's a trickle-down effect due to out-of-control inflation. Everything has started since 2021-22. Even though I make a decent income it still squeezes my budget and I have to cut some needs every month.
    4
  28868. 👌🌎🏆✊🇧🇷
    4
  28869. Good video. Keep em coming
    4
  28870. In south America they use Gold so most of them save their God money n not men made money ,if you want something to buy walk with scale and way it out how much you need
    4
  28871. A couple of great books for today’s video. Man’s Search for Meaning, Frankl and The Great Depression, a Diary, Roth.
    4
  28872. Solid video!! I lean CA but from my perspective I think it depends on what city In each state. LA and SF are really the problem areas of CA (homeless , ridiculous cost of living , traffic etc.) not to say the rest of the state isn’t also expensive but the central coast (Santa Barbara, Monterrey, San Luis Obispo) are REALLY hard to beat all things considered, they are SUPER AMAZING places and make the price worth it.. and as for SoCal, San Diego is def the real gem ;maybe the best city in the whole state tbh) that being said Florida is amazing, Clearwater, Sarasota, are prolly the best places to live whereas Miami , Fort lauderdale, Orlando are great vacation spots, I go down there once a year at least.
    4
  28873. I hope it doesn't get so bad that people have to rent out bedrooms and be forced to live with roommates just to have a place to live.
    4
  28874. we got our house with a 3% mortgage, but the costs to maintain it are getting out of control, we had to replace our HVAC a month ago, it was 16k! we're in the 89129 zip code of Vegas, we have to take traveling work in other states to keep our home here
    4
  28875. Thanks 😊 looking forward to move to warm climate.. I starting to dislike cold weather 😒
    4
  28876. Great vid, been visiting Florida on and off since 1980, But the one thing that takes me sometime to get used to when I arrive there is the Humidity!, it's intense for me. But I'm from London England . It's grey sky's and rain here. Also the traffic is getting worse in Orlando now, but nowhere near as bad as London.
    4
  28877. Awww , happy birthday to both of you , beautiful LIZZI and MIKE., wishing you all the best, HEALTH, HAPPINESS AND MORE SUCCESS. Oh did I mention GOOD LUCK on house hunting also?🤲🤲🤲🎈🎂💃❤🥂🎁🎈
    4
  28878. 🔥🔥 and they are getting ready to improve on the bay walk ..
    4
  28879. Continue your honesty,,,please,,,,,,,,mail the others kool aid
    4
  28880. You truly understand the pain people are going tru, thanks for your insights
    4
  28881. Re: noise pollution I find the landscapers start around 8am. Perhaps your videos can be taped at 7:30am or 4pm. I understand how aggravating they are. Keep up the good work!
    4
  28882. Before you crossed to the beach, the beautiful pink flower is hibiscus 🌺
    4
  28883. I'll stick to my 416 a month mortgage
    4
  28884. Interesting. ..and it appears in Fl most apts come with furniture. I would like to know is the monthly rent the total cost or do you have to pay for your own utilities, like you do in the north?
    4
  28885. Hi Michael, I think I am ready to buy. Been looking at videos. Thank for covering this.
    4
  28886. 6✌️🤪
    4
  28887. We don't here too much about squatters here in Texas. They pretty much know what's going to happen to them if they break in someone's home here. Texans don't like anyone messing with something they had to work hard for and pay for.
    4
  28888. What about Boca ? I’ve lived in Fl my whole life, born in Miami mainly raised in Tampa. From what I’ve seen Boca is one of the best cities in Fl, your thoughts?
    4
  28889. Michael Bordenaro thank you for your response, God bless.
    4
  28890. main reason why i still think the fed is gonna hold " higher for longer" lol
    4
  28891. Tricon. Watch the 60 minutes story... It's not a conspiracy theory sir
    4
  28892. I am never going to relocate to Florida 😥Nothing is affordable
    4
  28893. I love North Beach the problem is that on the bay side of it there are several sewage treatment holding tank off 73rd Street in front of it is a part of the Bay so toxic that it smells badly all the time and it's been closed to public use even though they just built a dock with a kayak ramp with rollers on it cuz of how toxic it is dogs have died their people's gotten sick they're now talking about major development in the area without realizing what a toxic little Cesspool lingers there I can only hope they clean it up and preserve the Integrity of our property value
    4
  28894. Greed is rampant in western society, in the army we has an career officers who told us “ I have mine.” We were Drafty in 1970!
    4
  28895. Great video! I enjoyed it very much! Great info thanks! I love St. Pete! Spend a lot of time there! Great Museums. Restaurants, live entertainment and a great Farmers Market Downtown St Petersburg! Also miles of beautiful beaches! I love it there!
    4
  28896. Thank you Travis for sharing !!
    4
  28897. We bought in October 2020 in Naples and are buying again and will close in 8/2022 (again in Naples) we will then sell the house we bought in 2020. This has all been a nightmare. We had a super low rate in 2020, now they are almost double what we got then. Sadly we have to move so we don't really have much choice. We know we are buying in an overpriced market and we have walked from negations 2x in the past 10 days. The agents are so desperate to get the deal they are willing to shell out tens of thousands to make up costs since we are not budging and the investors are being ultra greedy. It's total sh*t and it makes you see how sh*tty some people really are (not our realtors/brokers, they have been friggin awesome). We will ride it out for another 30 days, the investors have no other offers, no one shows up at the open houses and they already dropped in 100k (it was 200k overpriced) our broker just told us to sit tight and wait for the next inevitable price drop. And for the record we plan on selling our home for what we feel it is worth not some overpriced greedy nonsense number. We hope a nice family can enjoy it.
    4
  28898. Another thing that will have a effect is that investors have been buying 20% of the homes. Fake demand?
    4
  28899. You are so right. If we all did organize we would teach the government that we'll deserved lesson.
    4
  28900. NOT FIRST, But I enjoy your videos !!! The market will crash.... it cannot stay at these elevated prices... who is going to buy them?.... the investors are chocking on what they have now !
    4
  28901. So cool to see y’all collab!!
    4
  28902. St Augustin is great. But have you checked out Viera? When I landed a job at the space center, I was told by friends in the area that this is the best place to live for a number of reasons. It’s a young family centered suburb of Melbourne. There’s loads to do around here and it’s 15-20 minutes to Satellite and 25 minutes to cocoa beach. We also have great food! Consider taking a day trip and I think this place will creep into your lists!
    4
  28903. Michael, looking in my crystal ball I see a move to California in your future. Actually I am noticing how your wife is looking at all the beautiful homes there.
    4
  28904. The HOA’s changing at moments notice is the main reason behind my decision to own a home.
    4
  28905. It's stupid 4 working-class ppl 2 invest against their own self-interest
    4
  28906. Sage words. Please continue to break it down in a manner that is easy to understand. This information is important. Especially about predatory lending and credit cards in general. I hope people are really listening and not just watching the pretty boats. This is life changing stuff if you’re paying attention. Well done sir.
    4
  28907. Micheal, as always, great advice you make total sence in this upside down world we live in. Keep up the good work.
    4
  28908. I once heard or read the snowbirds from the Midwest usually go to west FL and snowbirds from the Northeast usually get property in east FL. Edit: 3:03 Ha! I typed the above before hearing this. I guess it's true.
    4
  28909. You compare this locale to Long Boat Key...could you include links in your description of any other beach/town you mention (in this case Long Boat Key)? Thanks!!
    3
  28910. I think the only affordable place left is Ocala FL, and some smaller areas in FL honestly. I'm a real estate agent and I actually moved to Ocala because for myself (I support my mom and brother) and my whole family it became impossible for me to stay in Miami. FL is definitely not the same anymore, sad but true
    3
  28911. So I have a 4yrs old son and one more on the way. I love the idea of moving to Florida. The only thing making my wife second guessing this move, is how good are the school? I would love if you could make a video about that since you are a realtor and I am sure you have had this question before.
    3
  28912. Suggestion…a Drone
    3
  28913. I like the picture of the Joker behind you!!
    3
  28914. Yo, the cheapest place I found in miami is in liberty City. Is it safe? I'm getting conflicting info!
    3
  28915. LOVE this topic! Thank you for covering!
    3
  28916. It really boggles the mind how many deniers are out there, bickering that the housing market isn't "that bad" or we should temper our bearish expectations. You, me, and a handful of others have been ringing the bell on this for quite some time (me since October 2020). Why? Because this is the perfect storm and ALL the signs were/are there. Plus there's a little thing called historical data no one wants to address. The only thing I disagree with is the ceiling on how bad it actually will be, and how long this will persist until there's meaningful relief. Until I see something, anything that proves to me otherwise, I'm looking at a catastrophically depressed market peaking in 2024 and a recovery starting in 2025. That's about the time frame I'm planning to swoop into the foreclosure market. Watch those foreclosure numbers climb throughout 2023. We are only in step one of five, and the worst is coming. On that happy note...
    3
  28917. The market is perfect …… jk
    3
  28918. It's sort of like all of the public infrastructure that has decayed. But in this case there's a profit someone can make in replacing it w a gentrified (luxury) version.
    3
  28919. Zillow is a search engine and a lot better one than the NAR. I like it, but I don't like the way the company has "disrupted" the market for its short-term gain and I believe it will go into receivership in 2023.
    3
  28920. Another great video.... keep killing it!
    3
  28921. “Front row seats to the Titanic” took me out, very funny but unnecessary Michael.
    3
  28922. Meanwhile it's -9 here in MA.
    3
  28923. I'm a baby boomer, at 60 years old I'm at the tail of the baby boomer generation. For 40 years I've saved and invested. My retirement accounts total $350k. Outside retirement I have $3 million. I retired 6 years ago to The Philippines where I have two live-in girlfriends, one 20 and the other 21. Lol. Total monthly living expenses are about $2200. I guess I did things right in life.
    3
  28924. Interesting. Thanks for sharing, Mike!
    3
  28925. Hey Michael: If an investor pays all cash, and the property goes down in value, what do they care, if they are in it for the long haul. It will just take longer for the net (+) cash flow to start. I get emails from my sister on 1/1 condos in central Florida. They are still in the 200-210 a square range, and they're going pending almost immediately. I am starting to see some price reductions.
    3
  28926. More than a real estate channel
    3
  28927. I love your video Michael! So many ppl want to leave their states and move to Florida and I don’t see this changing in 2022. Your videos give all of us “out of staters” some info on what to expect 👏🏼 great information as always in the very sought after state of Florida
    3
  28928. At the end of this month, Oct 2022. The OPEC+ alliance will cut oil production by 2 million barrels a day, a move that's likely to send gas prices higher again after a year of tumult at the pump.
    3
  28929. Ark funds are 70% down... funny how they never send letters ✉️ to Feds when we had 0.0% FFR for years 🤔
    3
  28930. South of Miami Shores, isnt that El Portal?
    3
  28931. You show signs of trauma. We understand.
    3
  28932. I have a valid driver's license from another state. How do I get a FL driver's license? Do I need to take the written, driving, or both?
    3
  28933.  @MichaelBordenaro  Thank you so much. It was so nice of you to answer back so quickly.
    3
  28934.  @MichaelBordenaro  I lived in Hollywood in my 20s. So it didn't shock me, but I'm told things are much worse now than when i got there circa 2006.
    3
  28935. When you sell....you rent as inexpensively as you can. You wait for 1'2 years, are there any other questions?
    3
  28936. Every guest on your channel should continue to wear the same shades. Love the insights!
    3
  28937. YES... Property taxes and HOA fees REVEAL!! Good stuff Mike!... Also, how about a Re-Assessed property taxes estimate " if it sold" at ask price scenario? That is the Criminal Game the Government tax assessors play on a new purchase. Show it all Mike!... SHOW THE TRUTH! A 43% increase in cost/yr.. (mostly FAKE FEES) is Pure BS. It does not matter whether YOU can afford it or not... IT IS CRIMINAL... IT IS WRONG ethically! Also, It has nothing to do with "Rental Value" IF YOU ARE NOT RENTING!!! You getting nothing if just living there... except the 43% increase in costs! Not everyone wants to be a landlord. (BTW.. How much can a Dog Walker make/yr?) Lol
    3
  28938. I love the information you share...keep it going.
    3
  28939. Michael, I bought my first and only home back in 1994 in Cape Coral Florida property and everything the house is built from scratch for 79,000 1300 square feet a normal size lot for Southwest Florida which I think is like a 1/8 of an acre. The house was built incredibly strong for the for the time with the technology they had and the coding this was built post hurricane Andrew so when hurricane trolley came my neighbor whose house is built a year earlier and did not have the code standards a whole roof came off we lost about 25 tile. I am not gloating about that I feel bad for my neighbor I helped her out. When I sold my house in July this year thankfully before hurricane meeting hit I didn't realize my roof was a double shingled roof. Mastercraft which had many owners since I had my house built we had the original builders and they built all our houses with double shingled roofs then while you know the roof was wanted to stay and started complaining and they passed legislation to ban double shingles roofs. I'm not sure how true that is that's what a home inspector told me so if I'm wrong someone in the comment section please correct me on that but houses back then we're affordable even though I was paying eight and a half percent interest was still well within my budget. I am renting now and I'm much happier no worries pipe burst I call the call the landlord appliance breaks down I called the landlord I don't worry about it.
    3
  28940. Michael, I am going throw this out there that there is a 500 lb elephant in the real estate room and it is the looming election. Depending on which way it goes could have a massive impact on real estate everywhere, not just Florida. Having said that, what is your opinion of a retired person paying for a house or condo in Florida in cash and having no mortgage, or is he better off keeping the cash and paying the bank?
    3
  28941.  @MichaelBordenaro  Thanks for the advice! So many properties have HOA fees as well, so I figured less monthly expenses, the better.
    3
  28942. Two things I don't wanna see on the Beach is trash and police
    3
  28943. Mark my words, any suckers still thinking this will be a deflationary recession like '08 will miss the boat. This will be a hyper-inflationary depression like the world has never seen
    3
  28944. But all that I keep hearing from the mainstream press and from housing market cheerleaders is that millennials have this magical money and buying power that will keep the housing market constantly going for the next decade, that whether people can actually afford the homes is irrelevant because supply is so low and because we have so many millennials.
    3
  28945. Only 3% of the population willingly and actively participated in the American revolution. Liberty is lost when good men do nothing.
    3
  28946. I played golf on the course there it was nice!!
    3
  28947. Michael, give us an update on the high-rise condo that the people only had a couple of hours to vacate today because it was in danger of crumbling or falling over.
    3
  28948. Thanks 4 the interesting vid. Am living in Germany for now but thinking about doing my residency there when the usmle works out.
    3
  28949. In the next few years wil end up overly cowarded.. florida is way too expensive i do not miss florida i am from miami
    3
  28950. Being a Realtor in 2022 will be quite difficult for most. Walked 18 yesterday on golf course after lifting weights at the gym. Working on my San Diego summer plans now. Might as well enjoy my freedom. Timmy C Arizona
    3
  28951.  @MichaelBordenaro  I'm not retired, I'm just enjoying this down season as I call it.
    3
  28952. Time to sale the bitcoins and get a house 🤣
    3
  28953. Great information 👍👍
    3
  28954. Nice video. Great comparison. Poor audio quality towards the end of the video.
    3
  28955. Great video Anthony. You looked very excited in this video as you got to land on the beach for the day. Way to go.
    3
  28956. I did drive on the Daytona Beach ⛱ back in 1996 I remembered I was getting stuck on sand 😂🤣😂🤣
    3
  28957. Ha Ya My little piece of property worth about 3G, estimated and unlisted by the A.I. aka Zillow at 83G showing it to have a house, its got trees and an RV pole.
    3
  28958. know how how to save money..i like you already...smart guy..lol
    3
  28959. Wow beautiful, Thanks Michael!!!
    3
  28960. Gotta love the night owl morning routine! Lol. You would love the South of Spain then, they’re experts at slow living lol.😆Love it there
    3
  28961.  @MichaelBordenaro  You’re welcome, yes you would!
    3
  28962. I don’t know how long it’s going to last, but now is the best time in years to put your money in a high yield savings account if you’re saving to buy a house.
    3
  28963. My job will be working remotely indefinitely as I can do my job without needing to go back to the office. Alot of my coworkers have moved all over the country. 🙃🙂
    3
  28964.  @MichaelBordenaro  you know there's a reason why we always keep coming back for more videos from you Michael. You're the best.
    3
  28965. Hi Michael, on one of your recent videos you mentioned the beautiful January weather but that you earned it for dealing with hurricane season. can you tell us midwesterners what it is like to deal with hurricanes & what you do to prepare?
    3
  28966. We’ve been screwed since the trade towers everything was different before then!
    3
  28967. st. augustine might be nice except in hurricane season
    3
  28968. You should buy a home soon... right ?
    3
  28969.  @MichaelBordenaro  wait till the crash
    3
  28970. You're only 33 or 34 and at that age you are considering it difficult to make a life change?
    3
  28971. TELL IT BROTHER 👍🔥❤
    3
  28972. Was going to buy just one Now I’m buying 3 homes ‼️‼️
    3
  28973. I really like the new format with the beach and parks in the background. Thanks!
    3
  28974. Off topic from the tropical storm, but I’m planning on coming to Miami to see if I want to move there in the next couple months, I’m unable to wear a mask, how strict is Miami to people who can’t wear masks? Thanks for your help
    3
  28975. All I can say is that mom and dad are just as responsible for the kids living at home as the kids are.
    3
  28976. GREETINGS MICHAEL 🌴🌄🌴
    3
  28977. I lived in San Diego for a few years back in the 80s, I don't think I ever saw any homeless encampments back then. The home prices in California were high back then also.
    3
  28978. Can you do Palm Beach County?
    3
  28979. Great job sir, even if you dont push u always can suggest others resources thanks!🙌
    3
  28980. How many other peeps are giving you crap about the shirts with no sleeves!!!! One of these days we will find you in a dress shirt. j/k Thank you for the up today content, Michael!
    3
  28981. Just wait till our new tax bills hit. My home insurance already doubled along with energy costs
    3
  28982. Thanks!
    3
  28983. Mike. Way to "bring it" on each and every video. Keep up the outstanding content, creativity, and energy.
    3
  28984. Real state will always go up. Twenty years from now people will be commenting on how cheap homes were in 2021.
    3
  28985. Excited to move down soon! That water is calling me.
    3
  28986. I’m moving at the end of the year and I definitely plan on booking a consulting after July! I’m only renting for the first few years to see if I love Florida (which I’m sure I will).
    3
  28987. Do you have any recommendations for temporary housing for 30-60 days to buy some time to look for a permanent place? Hotels are too expensive, I should be arriving in West Palm Beach on Thursday.
    3
  28988. We just moved from Colorado to Florida, 2 yrs ago. Have been to Red Rocks Amphitheater a few times for concerts, and it's great! We lived about 2hrs hours south of Denver in Canon City.
    3
  28989. Central Florida...DeLand
    3
  28990. Congratulations!
    3
  28991. My favorite video
    3
  28992. Do you have a bike? Maybe you could just ride a beach cruiser through the neighborhoods. That would be faster, but not as fast as the scooter. Quieter too, I would imagine. I still love the walking tours.
    3
  28993. How is the air in Florida compared to California? Genuinely interested.
    3
  28994. Not everything on this show is accurate either
    3
  28995. This is all done to destroy America. They are trying to tell us that we have people who can fly to the Moon and yet we can’t keep economy healthy and we won’t learn from our mistakes? All these bs agendas with forced illegal relocation, electric push and many more idiotic policies are not coincidental
    3
  28996. Sarasota, Fort Myers and Tampa whose real estate price are higher than east coast real estate price
    3
  28997. Boss OD-1 😎
    3
  28998.  @MichaelBordenaro  - Agreed. Check out a 1979 Rat V1 pedal .... with a Mesa, it’s what you’ve been searching for your entire life.
    3
  28999. Thank you for showing how high some taxes went in 2 years only ... Insane!!!
    3
  29000. Students given loan forgiveness can spend the payments they would have made, but when the tax bill comes in, they may owe at least $3000, at 15% of $20K.
    3
  29001. How much would it cost to self insure a single family home? Right now the insurance on my rental properties is going up by double digits YOY with zero claims! I keep upping my deductible until it might make sense to go naked or sell them.
    3
  29002. Ouch. I guess it depends where it’s located. Pretty tight though. Normally, the older units are much larger in square footage.
    3
  29003. I enjoy our daily walks together it really bonds us❤ I feel like I lost lots of weight and much healthier. Also real estate smart. By the way I am mortgage free and rental duplex are all mortgage free. Waiting and stacking cash
    3
  29004. My sister lives in west broward county, Florida and her homeowners insurance is going from $7,000 a year to $8,500 a year in July.
    3
  29005. 👌✌️🙌👍😉🇨🇺✌️
    3
  29006. It’s a casual walk on a sunny, warm day having good conversation with a good friend.❤
    3
  29007. I don’t want the government involved, what would help is lowering the prices of these homes.
    3
  29008. Thank you to our host for this terrific topic. Just want to confirm that I’ve been there and best scenario is to not borrow for more “stuff,”
    3
  29009. I rarely use cash anymore. I am also NOT interested in going to a digital currency as I do not trust our government. I do not plan on buying a new car ever again.
    3
  29010. If you sold your Florida condo in 2016, invested the proceeds into a couple thousand shares of Apple and then moved overseas and lived in expensively for five years while those Apple shares split 4:1 and ultimately returned over 5x what you paid, then go ahead and buy whatever you want. 😉
    3
  29011. I love the walking around!!
    3
  29012. I have to disagree that people will learn to live within their means. This is America, big fat and greedy. This is the same thing I heard in 2008 and look. America never learns, it only gets worse! Crazy!! Things will shape up, Americans will continue to screw up and we will be back at square 1.
    3
  29013. Good God!!! That's expensive!!!!!!
    3
  29014. Zillow bought up a huge amount of homes when the market was going crazy, figuring they could sell and make a killing. They got stuck with them as people said they weren't paying ridiculous prices anymore. Don't know what the status is now. Michael?
    3
  29015. I think it is important to clarify that whatever the published inflation rate is, that doesn't mean it is the same for everyone. In fact, we all have our own individual inflation rate. For example, rent is a major component CPI. Anyone with a fixed rate mortgage (or no mortgage at all like me) feels no effect from that part of inflation at all. Also, those of us who don't drive much at all (we work from home), the price of fuel is also not much of an issue. Another example would be electricity. People with solar panels get a break there also. That leaves food, which is pretty controllable if you want it to be. So if my wages grew 6.8% annually, I have no doubt that is way more than my personal inflation rate.
    3
  29016. Wow I just ran into this video. I didn't know you went to Colorado. I don't live too far away from Denver. I'm out in the suburbs lol..... But yea the homeless problem is very big near downtown. They have to get that under control. I visited Austin Texas recently, and it's pretty bad there as well. Very sad.
    3
  29017. This is my Canada, in summer LOL :D
    3
  29018. Interesting video. Your stuck with the current interest if you want to move.
    3
  29019. Hence, the low supply of homes available.
    3
  29020. Mountains are overrated cali has mountains which are the same all the time it's just freaking mountains Florida has sexy cloud formations and spectacular sunsets.
    3
  29021. I made it out to Indian Rocks Beach today and it's gorgeous!! The water is still pretty cloudy but it was so great to be back
    3
  29022. In my opinion the jurisdiction that created the moratorium and prevents the eviction has essentially taken possession of the land and should be on the hook for just compensation.
    3
  29023. Michael Bordenaro thank you for the encouragement!!
    3
  29024. I would love a 900 sq ft 3-D home on my own land!!!
    3
  29025. I am not seeing a crash , I am looking to buy , but it’s not there . A 10-20% correction and mostly remain flat
    3
  29026. The "Big Reset" is here.... the "Mother Bubble" of all is popped.... now the house of card is rocking and creaking and starting to fall... let's not forget, the world has started to dump the US $.... All the $ we printed and sent around the world, will soon come back to the motherland......
    3
  29027. To compound matters, what if the BRICS nations announce a gold-backed currency that will be used in lieu of the dollar? And what if Saudi Arabia partners, in some ways, with the BRICS nations?
    3
  29028. Once again a great insight into beaches I have never been to. A tease for all stuck at home nonetheless. 😜
    3
  29029. I’ve been buying silver too. I’m glad you mentioned about not touching with your hands. I’m looking forward to buying gold some day. And silver is at the max of what I would spend right now. I wish I was into it years ago, or even last year!
    3
  29030. We get a card from these people every week, wanting to buy our house in Hoover, Alabama, which we have no intention of selling. Are these people NUTS?
    3
  29031. I love Hunter Springs Park in Crystal River and Blue Spring State Park, Orange City, Florida because of the clear water and manatees you can (sort of) swim with.
    3
  29032. The rent is too damn high!
    3
  29033. Michael I appreciate your videos.Very informative.🙏😊
    3
  29034. Listening 👂 😅 good talk
    3
  29035. 17:30 that’s my feeling. I feel the most desirable neighborhoods will hold fairly strong.
    3
  29036. East coast Florida a lot different than west coast fla I like both but I enjoy west coast of Florida more laid back than east coast
    3
  29037. What i think is if you sell your property or have some money saved up, a decent amount...........leave.......leave for other countries where you will be better off right now that the Dollar is at is highest against other currencies, move to some Asian, Latin or Eastern European country where healthcare is A LOT CHEAPER, where you can buy a home and have money left, where your basic necessities are cheap, if you have a nice or decent chunk of change then think about it and if it looks good to you leave, because things are just gonna be getting worse.
    3
  29038. Imagine holding the bag at these numbers. 150 percent appreciation in 18 months will not sustain. If it does, there should be a war.
    3
  29039. And who says Miami doesn't have greenery?!
    3
  29040. just love your channel xo
    3
  29041. Easy come easy go. They are rich and greedy so it’s ok to lose few million dollars 💸 for them.
    3
  29042. Thanks
    3
  29043. I watched several of your videos and like them very much. We are planning to move to Florida in a few years, probably not in Miami though. For next video, I'd like to see you play that guitar.
    3
  29044. Everyone please stop referring to "tech" as an industry. It's not 1999 any more...every industry has ✌tech✌
    3
  29045. Outstanding video
    3
  29046. I see so many people waiting for years for home prices to go down to buy a house, my advice is buy a condo. Not everyone is in a city or a market and can afford to buy a free standing home.
    3
  29047. Although I do agree that raising rates will cause inflation to soar, if the Fed can't even recognize the current inflation rate, then why would they acknowledge the coming inflation? They still think inflation is 3% and say the economy is great
    3
  29048. Michael, your argument isn't convincing to me. Just because the government is involved in the economy isn't a reason for more involved. When they do become involved they usually do more harm than good. If the current housing is good for investing it's good for anyone. If there is a bubble as you've said it will correct itself. Remember what happened to Zillow investing and Opendoor?
    3
  29049. I live in IL where it's 10 below today. NEVER wanted to move to FL.
    3
  29050. Prop 13 helps to keep property taxes in check so to speak….
    3
  29051. I just saw an El Camino. You don't see those everyday.
    3
  29052. some places got reduced got a bit, like in my area, I'm seeing houses that hadn't been able to sell, would drop $10k every couple of weeks.
    3
  29053. It’s absolutely crazy here. Insurance companies are dropping tons of people that have never had claims and bailing. The ones left are taking advantage and raising rates 3 or 4 times higher plus. That’s another reason there will be a big crash here in Florida. Insurance rates, interest rates, gas, food all going up big time. Houses at these prices are sitting and soon will have major haircuts in pricing. Pop.
    3
  29054. What is your Diet Michael ? Genuinely Asking.
    3
  29055. My personal favorite in Florida is Cape Coral, and specifically Cape Harbour. It's close to all the shopping in Fort Myers, easy to get to the updated Fort Myers airport and close to my favorite islands, Sanibel and Captiva. Also it's close to Fort Myers beach, downtown Fort Myers and Matlacha. Cape Coral has the most canals and houses on a canal or waterfront than any other city in the world! And that includes Venice Italy...You can go kayaking down the canals to sight see the beautiful waterfront properties or through mangrove islands to find yourself surrounded by wildlife. The city has lots of amenities and is close to Naples, Siesta Key, St. Petersburg, Tampa, Orlando, Fort Lauderdale and Miami. There's even a high speed catamaran that takes you to Key West faster than by car and you can return the same evening. My favorite are the beaches in Sanibel and Captiva...so tropical you would not be wrong in thinking that you were anywhere in the Caribbean. When you leave Cape Coral by boat and head due south west you can reach Cancun Mexico too. Cape Coral is truly a magical place. My parents had a condo in Arlen House in the mid to late 90's which was later purchased by the Trump family and renovated. It's located across from Haulover beach in Sunny Isles. I've been to Aventura mall, and Bal Harbour. I've also stayed quite a few times in Miami Beach at the Marriott Courtyard at Oceanside; a renovated art deco hotel (Cadillac) on the beach and on the boardwalk. It's close enough that you can take the trolly to downtown Miami Beach where all the action is or if you like walking you can take the boardwalk. I've also been to Boca Raton, Fort Lauderdale, Palm Beach, Coral Gables, Coconut Grove, Key Largo, Key West (2x's) and Orlando which is one of my favorite cities in Florida...there's so much to see and do and not just in Disney or Universal Studios. One of my favorite vacations was when my wife and I stayed the Dream Hotel located behind the Versace compound at 11th Street right in the middle of all the action. I've been travelling to Florida since 1994 and I've never had a bad experience. Also let's not forget Sawgrass Mills Mall in Sunrise across from the Florida Panthers Arena where the shopping experience is totally off the charts!
    3
  29056. The Malls on the left coast are empty, it's amazing to see the crouds there.
    3
  29057.  @MichaelBordenaro  Funny you should suggest this, Michael, because just after posting my comment I actually said to my husband, "We will go to Laguna Beach this week for sure, even just to walk around." We're still under strict lockdown here in SoCal. No sitting on the sand here! Laguna Beach is the nicest little beach jewel (info for next time you come to CA.) Forget the main beach, check out Woods Cove where Bette Davis had her house which is still there....a little secluded cove down steps. Thanks for your genuine concern. I will keep watching all your videos. xx
    3
  29058. The idea that people who settled for adjustable rate loans back in the day when Trump was POTUS and now they regret the decision lacks some consistent thinking. They come in with nothing down and want to finance the debt. They do this for tax purposes. Then when they find out (SHOCKINGLY) that rates are jumping and they have no equity to get a better deal. This is just too bad and I have no sympathy for their bad decisions. Take a better path by coming in with 25% down, a credit score of >775 and get the best fixed rate loan money can buy.
    3
  29059. Love the show. I leanrned so much that it did not even matter that you were in a garage. AND your mike worked great in the wind.
    3
  29060.  @MichaelBordenaro  Totally recommend it! It is a true breath of fresh air!
    3
  29061. Cash is king, I do not care my self what they ask, not an emotional buy ever, is a business deal, regardless if is for me personally or investment. Ask away, you will never get it form me. I walk and go somewhere else. That house for 5 million looks older then my grand mothers house, and she is dead already . I would never pay more then 1.8 for that house maybe and across a golf course, I learn my lesson when I purchased my first house in Sarasota across the golf course what a nightmare. Is not only the golf balls that you mentioned, is the machines that cut the grass at 6 AM every other day, ETC.
    3
  29062. Sellers need to take responsibility for whom they sell and make a deal with. Do not feel bad if they sold to open door, actually more annoyed they sold off to a company like that or black rock. Grass isn’t always greener guys. Sell to normal people who will love the house they move into.
    3
  29063. I can take a hit...my value is up 389% since I purchased after the sub prime crash...and it's a multifamily property that will be PAID OFF by June 2024....rents are still going up up up in my part of Florida...will be buying my FOREVER Victorian and more rentals within 2 years.
    3
  29064. Fed raised rate half percent today but the stock market went up 1000 points ! Not sure how the housing market can cool off ....
    3
  29065. This entire economy is fake. The media reports what the government wants 'em to.
    3
  29066. I did not know Lisi is your wife, not that it matters. LOL. Congrats to both of you. I love you both.
    3
  29067. Great video!
    3
  29068. Amazing, but man, the cameras on the new phone is hella good, even for contents that you're making on your second channel is pretty good!
    3
  29069. What is your favorite palm?
    3
  29070.  @MichaelBordenaro  The Royal! They looks so good in the suburban areas like Homestead
    3
  29071. Maybe carry a umbrella.
    3
  29072. Congrats, Michael! I am learning a lot with these videos while we are getting ready to buy - hopefully - in expensive San Diego. As I am learning a lot, I still have "dumb" questions like this one: let's say that we buy a house in a few months with mortgage rates at 8%. Is it possible to refinance in the future if rates go down in the next years? How does it work? Thanks!
    3
  29073. Yes my friend Congrats Michael !!!
    3
  29074. Hahahaha.. Looki g very nice walking on the beach getting your toes full in between of sand😊😊😊
    3
  29075. Back in the 70s, gas prices started going up along with interest rates and job high unemployment. Is that a coincidence?
    3
  29076.  @MichaelBordenaro  you’ve got a great plan and a good head on your shoulders. I have no doubt you’ll reach all your goals.
    3
  29077. I could build a new tiny house for cheaper than that and buy land here in the central area for cheaper than that. Prices are ridiculous.
    3
  29078. I’d love to pay $1800/month. My rent in north San diego county is $3700/month for a 3/2 BEFORE Utilities…..
    3
  29079. Hello Michael thanks for for your reply, was it Hardwired.? 😂if not I give in 🇺🇸🏴󠁧󠁢󠁳󠁣󠁴󠁿
    3
  29080. Listing agents will have to work for theirmoney now. I was a broker in charge. There is a reason you want to list properties, sonyou don't have to work hard.
    3
  29081. How is the engineering industry in Florida? Based on my research I have seen about a dozen civil engineering companies in the Orlando area.
    3
  29082. Michael Bordenaro that’s cool man. Thanks for the video and the response 🤙🏻
    3
  29083. Where I'm looking to buy over by Eureka CA the market is still competitive. There is only half the amount of houses listed than what is normal. I think a lot of people from the SFbay area who moved inland CA realized they don't like the summer heat of 115+ and all the smoke in the air. They're trying to get back to a mild coastal climate. Since the area is between protected redwood forests and the ocean, supply is limited due to suburban expansions being uncommon. I don't think the market will drop significantly everywhere in all honesty. Trying to time the market can leave you in a worse position sometimes. If you can afford it, go for it. For me Eureka is pretty much the last coastal community i can afford. Median price there is still about one 3rd the price of Santa Cruz which is the only comparable market. Santa Cruz median price is 1.4M.
    3
  29084. Mike, if I own a house, pay real estate taxes and violate no codes——no one should have rights to squat!! Surprised by your 5yr comment.
    3
  29085. Down 30% by the end of 23
    3
  29086. I guess we will see what happens with home prices, I bought investment properties in 17, 19, 20, and 2021. Every single time I felt I was paying to much for it. Either way I’m in it for the long haul. Even the rental I bought in 2008 is 3 years away from being paid off. Either way I’m looking at cash flow with my rentals not necessarily focused on the price especially when someone else is paying the mortgage. Buy real estate and wait, don’t wait to buy real estate.
    3
  29087. They’re just changing the rules as they go along, private homes will be there soon.
    3
  29088. Hey Michael can you make a video about living in Brickell rent/buy just because I would like to live in Miami and feel like it’s home but I also want to have Miami Beach as a vacation/party feeling when I want to just because I’m 24 and I wouldn’t want to loose myself to the nightlife and get overwhelmed. If I move with 20k on savings you think I can find a condo to purchase with a 3.5% so my loan is cheaper than my rent I would be moving by myself
    3
  29089. Well if first time home buyers don't have the money to pay for a real estate agent, perhaps they just should not be buying a house just yet! If I were building a bridge and could not afford to pay a structural engineer, few people woould argue that I should be allowed to build that bridge anyway, why should home buying be different if you can't afford the needed professionals to get the job done properly? The fantasy that everyone deserves to own a house regardless of their ability to pay for it must be trashed. If I can't afford to get a driver's license, then I am not driving. What is the difference here?
    3
  29090. How can someone provide for their family at $80k/year? Salaries need to go up!
    3
  29091. great video brother!
    3
  29092.  @MichaelBordenaro  thank you
    3
  29093. Another great video Mike that Florida life is looking better and better can’t wait to get down there will be calling you soon May you and your girl be safe during this Covid crisis.👍✌️
    3
  29094. I pay 2800k a year for car insurance (NJ) 🤔🤔🤔
    3
  29095. Thinking to move to Jacksonville, will I still need 30% down?
    3
  29096. Michael Bordenaro you caught me by surprise that you rent, I do also want to invest in real state, researching on that right now, perhaps should rent. Any tips on investing? And thank you for answering my questions. Hard decision to make 😊
    3
  29097. Michael Bordenaro thank you so much! Blessings
    3
  29098. Thank you
    3
  29099. I love your walking tours of South Beach!
    3
  29100. No more freedom,we are in worst situation then Egyptian 4000 years ago
    3
  29101.  @MichaelBordenaro  affordability will be sucks for first time buyers. FED going to have to do it if they want to keep inflation under control. I can't wait to see big correction on home prices. For now let the FOMO in lol.
    3
  29102. 6 months late on commenting. I'm in the Philly area and starting the search process for a move to Florida. My Father and Step mother moved to Palm Coast 7 years ago (they are 75 years old). My Mother moved to Daytona a few years ago (75 years old). And my sister just moved to that same area this week. I'm thinking Saint Augustine is going to be the place for me (I'm 52). That said, I still find Flagler kind of charming. My point of reference are New Jersey beach towns. Forgive me if I find Flagler to be more quiet and quainte than run down. I enjoy the sleepy vibe of the place and it's an excellent getaway from the insanity that can be Daytona. In Flagler you get Bike Week, Daytona 200 Week, rocket launches, tons of golf, etc... but you aren't stuck in the thick of it. Tortugas is a great place to hang out, as is Finn's. And yes, the demo is older (i.e. Funky Pelican patrons), but I do think the town is in a phase of revitalization. It appears to me to be on the uptick. I'd bet that in a few years time, a real estate investment there will pay dividends. My parent's home in the R section (ohhhh the bad section) of Palm Coast has doubled in value over 7 years. Flagler is sleepy. The locals want to keep it that way. But, the sprawl is going to have to go somewhere. I think you can get in cheap there. One of the few places left. P.S. Yes, the sand there is bizarre, coarse, and it kind of sucks. My daughter hates it. But they do get a lot of sea turtle hatchings along the coast.
    3
  29103. It sure seems like MANY people think these houses are finely priced and then even BID MORE to get them! We have been looking and homes are gone in 3 days after put on market.
    3
  29104. Wow Michael. That's a high water bill. When you pay for water you must be thrifty. My base water bill in Hillsborough county Riverview is 28.00. When here it goes to about about 36.00. It's only me in a 1375sq FT townhome. Planning to move down permanently later this year. My HOA is 112.67 a month which includes grounds, roads, pool. As far as auto insurance, get a quote from Geico. They are always have the best rates. I am registered in NY. I own a Pontiac g6 yt? Coupe and pay about 325.00 every 6 months. Let's see when I move Dow. Thx again
    3
  29105.  @MichaelBordenaro  Thanks Michael.
    3
  29106. Glad you did a west coast sunset video
    3
  29107. I have to admire all the perfectly square hedges you are walking by ..damn
    3
  29108. Great originality with the outdoor S. FL setting and stroll. Thanks for your insight and forecast.
    3
  29109. Liberty Mutual in NJ 2012 Honda Pilot and a 2012 Dodge Advenger: full coverage tort limit threshold: 1 year policy:$3300.00+. No accidents no tickets fair credit rating.
    3
  29110. Michael Bordenaro It is. The state is allowed to use your credit rating to set their prices which is complete bullsh*t. If you have chargeable accident it stays on your record 3 years which the insurance company will surcharge you for, even if you switch to another company, one that didn’t pay out on a claim. Someone in another comment implied that Florida had the highest rates. Nope that dubious distinction goes to New Jersey. That’s why so many people drive without insurance, not because of compliance but because they can’t afford it. FYI I have a spotless record. Looking forward to moving to Florida in the next year. Clearwater/St. Petersburg area.
    3
  29111. Is this a good time to sell?
    3
  29112.  @MichaelBordenaro  I was down in SW Florida for 2 weeks recently. The realtor only showed me one property which was too expensive and really too big. I had some other realtors help but when I saw the properties in person the were HORRIBLE. I am at a loss now. Not sure what to do.
    3
  29113. I think FL RE will continue to hold current prices or may go up no matter what. However, property tax, homeowners insurance, inflation, and interest rates might erode the purchasing power. I'm curious to know about FL RE prediction in the coming years. I wanna buy mine sometime next year.
    3
  29114. Always find something to learn from your channel. So much better than those channel trying to predict the next market crash.
    3
  29115. short answer, "NO."
    3
  29116. Lifestyle videos like this help to complete the picture of what it's like to live in FL. Sure, the real estate & cost-of-living vids tell part of the story but not the whole picture. For those of us thinking of moving to FL, your vlogs show the good & the bad (I recall one in the summer where you talk about the heat, humidity, and frequent rain) of FL living, invaluable insight for those of us on the fence about moving there. Thanks, and keep 'em coming!
    3
  29117. Ok, I think he's worthy of a subscription.... I'm subscribed
    3
  29118. Thank you guys!
    3
  29119.  John Simard  but aren't the bad drivers the snowbirds and travelers? So they pay the rental car insurance rates of 18 daily, no?
    3
  29120. We moved to the coast of Texas this year. The home we purchased was listed as having the entire home leveled in 2021, having updated plumbing, electrical, etc. We had a home inspection. And the agent who represented us is a sort of celebrity and was born in the city. We thought we were in good hands. 🫤 **I would NEVER buy another home without hiring a licensed plumber, electrician, hvac and foundation company to inspect the property first. We closed in December, moved into the home in January. From the moment we stepped into the home the plumbing had failed. Then electrical, hvac and finally we had to have the entire home leveled. After a month of going through our agent to try and get info on who did all the work they stated was done. We were unsuccessful and ultimately had to hire an atty. and file a deceptive trade lawsuit against the sellers. If we hadn’t saved up almost 100k to update our kitchen and baths, we would have ended up losing this home to foreclosure. There’s a lot more. But, you get the idea. My advice, Be careful. Be diligent and imo hire licensed professionals to inspect plumbing, electrical, hvac, and foundation. ✌️
    3
  29121. I wish sellers are like that here in Collin County Texas.
    3
  29122. Nice video. Will there be a decline in Southeast and central Florida?
    3
  29123. I hope your Christmas and New Year’s were fantastic Michael. Quick question if I may, you’ve been talking a lot about moving lately. Are you looking to move out of the state or simply to a different place within the state? It’s 15 after midnight here in CA. Night bro
    3
  29124. Great videos! I am seriously thinking about moving from Los Angeles to FL. California is becoming worse and worse. Your videos are very helpful. Thank you🙏
    3
  29125.  @MichaelBordenaro  Thank you. I will! :)
    3
  29126. Great info... thanks
    3
  29127. Have that guy in Portland give me a call I will lend him the 50 grand.
    3
  29128. I started watching your videos. My wife and I are thinking about retirement in Florida. I'm a California native. My wife grew up in illinois. We moved to illinois in 2007 to the town next Belvidere, in Candlewick Lake, Poplar Grove. But we're thinking of Orlando/Tampa area. Small world!
    3
  29129. Consumption Community members are not much for patience or research. Floating rate debt ended my friend in foreclosure. I ended up buying his house at auction, so he could stay in the house, till Agent Orange took his life. Yes it all points to a recession imo.
    3
  29130. Nice video!
    3
  29131. I am really excited to follow you along. I am so looking forward to moving to Sun City Ctr. Which is a 55+ community off of interstate 75 near Tampa. 37 months to go.
    3
  29132. They dont learn from history because it doesn't hurt them
    3
  29133. April on Florida's east coast is when the season has ended. The roads aren't so congested. The water is placid. I lived in Fort Lauderdale Beach. Two or three blocks from the ocean. I don't treasure being right on the beach, I guess as much as others. It can get downright nasty on the beach. I remember shooting a basketball in 30 (not the norm) mph winds.
    3
  29134. This is a decent take 👍
    3
  29135. I agree my home that I’m renting is in foreclosure and trying to find a new rental here in Hawaii is over over priced it’s unaffordable I fear I will be homeless with my service pets
    3
  29136. Keep them coming, I need the exercise 🐈🐈🐈
    3
  29137. (Question: if you can answer, that will be greatly appreciated) I live in MN and wanting to relocate to FL and trying to figure out which city is suitable for us. Since me and my partner are in service industry and are looking for clients that are educated, age 30 - 60, are parents, and have disposal income (willing to hire services such as gardening/ landscaping, and auto detailing), do you have a city in mind that fits our criteria?
    3
  29138.  @MichaelBordenaro  I agree Michael once the landslide starts prices fall pretty hard..people will walk away and wait until the dust settles come back into the market. A home I purchased at the height 192k fell to somewhere around 80k..now its going ok. Used to get tons of investor calls now almost none which maybe telling of things to come 🤔.
    3
  29139. Thank you! I had no idea about the difference.
    3
  29140. Keep going bro
    3
  29141. Thank for sharing your vidio
    3
  29142. Following you on Instagram!😊😊
    3
  29143. Wow. From 500,000 to 1.2 million in a couple years? That’s a 70 per cent annual inflation rate. Nothing weird going on there. I think It shall not sell.
    3
  29144. Great video man. Thank you.
    3
  29145. Michael,....I won't argue that many people,....for many reasons,....had to buy,.overpay,..waive home inspections,.....buy online RIGHT NOW!! etc,etc. However,...and the end of the day a home is still only 4 walls. It can't solve all your problems,...won't make you immune from all of the trials and tribulations of what life can throw at you. In a few years when the ''sugar high'' of the housing market hysteria wears off will the problems affecting this country still be here,..will we as a society be in a better place ??? I think we all know the answer to that.
    3
  29146. Try waimea beach in hawaii. Yeah. Pacific is strong shit. Waikiki can have big waves too but they dont suck you out and its perfect there.
    3
  29147. You’re awesome, Mr. Bord! We learn so much from your vlogs. Please keep sharing your knowledge.
    3
  29148. Thank you for your positive energy! I hope to be living down there in 2021!
    3
  29149. Appreciate you sharing a video on Anna Marie Island and Northern Florida it looks beautiful brother, it seems you don't like it, I'll probably will like it. The only Beach I visited in the North was Jacksonville Beach and Panama City Beach and loved it.
    3
  29150. hey just fyi it appears I was unsubscribed from you without my knowledge. I just re-subscribed.
    3
  29151. Ok that’s it ! I’m subscribing ! 😆 You were VERY detailed in this video and I will be watching more.
    3
  29152. Michael. Read about the Bernicke Retirement study. He proved, contrary to what financial companies tell you, that people spend 3 to 5% per year less in retirement year to year.
    3
  29153. Mother Nature needs to be respected... Thank you Michael for the beautiful tour... Loved it...I hope my Bayshore and Sunset island neighborhood in Miami beach tour is coming ...😀..and I wanted to ask that Is South Beach (South of fifth) safe to live ?? Is it safe to raise a family ?? Or maybe some other neighborhood u wanna mention which are good for living with family in Miami beach ..And how are these houses against Hurricane which u showed in this Biscayne point tour..are they strong enough against hurricane?? .. ..thank you again.. 🌞👍
    3
  29154. Really enjoy your videos and Miami Beach certainly sounds like an ideal place to live! How practical is it for somebody to commute from MB to Brickell during rush hour every day?
    3
  29155. You have to put too much trust in others to live in a high rise. The management, the maintenance, neighbors. Just saw a garage video of Champlain Towers in 2020 and there were no glarings warnings of 150 people dying a year later because they keep patching it with concrete and fresh paint. Owning a Townhouse or Single Family home we don't have to rely on other so much with that trust.
    3
  29156. It's either paying your bills or buying groceries, anything else, it's not a Need Spend Less$ Save more $$$$ Don't know how true it is, >> heard depression every 100 years You might want to research it, yourselves !
    3
  29157. you r going to need to stay three days in a secluded cabin, at the end of your vacation to really feel rested and relaxed
    3
  29158. Thank you Michael! Speaking the truth is so refreshing! A much bigger truth is on it’s way! Wow! Hoping & praying that people can handle what’s to come. I wish you were here in California. We need you out here! Keep up the great work!
    3
  29159. Happy ??!! 47K today
    3
  29160. Hi, i live in the UK with my husband and daughter where we own my own 2 bedroom property. We love going to Orlando Florida for yearly holidays and would love to be able to purchase a property in Florida but have no clue how we would start going about that or what property we would be best off looking at purchasing. Would appreciate your advice on this thankyou
    3
  29161.  @MichaelBordenaro  I really ppreciate your swift response having only subscribed to your channel early hours of this morning. We would love to live in Florida permenantley if we could if circumstances were different as we love it so much but for now it would be a 2nd holiday home. Aw thankyou so much for the great advice 😊
    3
  29162. Thank you for explaining the wacky price history. I have noticed the brief price history, as well, and I have been wondering what that’s all about.
    3
  29163. I've said this before too. There's something soothing about his voice. He's also very organized when he speaks. :)
    3
  29164. Lol out of all the places you went to my neighborhood 0:48. North bay Village! That's my running route so I knew the house instantly. Great video!
    3
  29165. Thanks for another tour! What is your favorite neighborhood to live in Miami/South Beach? I think you said South of 5th. What do you think of more central SoBe like Lincoln Road and Espanola Way?
    3
  29166.  @MichaelBordenaro  thanks!!
    3
  29167. Just like President Reagan said the scariest nine words are. " I'm from the government and am here to help" . The government is not your friend. They brainwashed everyone for decades that they had to go to College. The only reason why they did this was because they were helping their buddies in the College industry and it ended up screwing the little guy. I make way more than the College graduate and I went in the United States Air Force and learned a trade that has helped me have a good life. You don't have to have a College degree to get a great job.
    3
  29168. Capital gains on a million if the condo was value at 300k they will have to pay almost half so they still getting rip off. What if the owner doesn’t want to move ? He gets kicked out ?
    3
  29169. Man, I really like the content of your videos. I might have a posible job opportunity come up in Miami. I've been looking at real estate down there "online" for a while, but can't seem to find any decent affordable housing, it's getting to the point where if I can't find something soon, I'd have to turn the job opportunity down. Can you make a video showing affordable housing in Miami that is not located at the beach...??
    3
  29170.  @MichaelBordenaro  for renting $1800 and for buying $400000, for something at least 1750sqft know that for Miami prices this is on the low side, but not all of us are rich.. 😁
    3
  29171. Surprised that house on 2826 eldorado sold for over a million in that area. Not a high end neighborhood just ordinary middle class. The other on sale for 976.000. This is not a fancy high end like man beach or west LA. Torrance is fairly safe and tidy in that area and the city hall and police station right up the block. And it is an area with some high end jobs and businesses. If the new owner is thinking long term hold it might be a good buy, But in short term hope he can handle a bubble collapse
    3
  29172. Would Orlando fit into the east coast of Florida?
    3
  29173. I used to live in Miami Beach, almost 15 years ago now. I miss it so much and have to fight off winter depression every year living in Virginia. I want to move back in the next few years after I save up enough. I do like your videos and wish you would go to more places because there is so much that you really never get to see unless you know the area.
    3
  29174.  @MichaelBordenaro   I used to like taking Pine Tree Dr from 63rd to South Beach its such a nice road to see. Maybe just things to do in addition to the Beach. I remember the botanical garden from a visit in 2014 and some of the best sand bars like Bal harbor that are so cool and unique and having to paddle my way out there on a kayak. There were a lot of small but nice parks all over too, north beach had an unbelievable one. One of my favorite things to do was to take the full tour water taxi in ft lauderdale and see all the mansions and yachts, it was inspiring to know that those things are possible and seemingly plentiful. Top 10 (of anything) videos are very cool 😎
    3
  29175. I love watching that Gold Finger movie too, for the exact same reason...the hotel! It is my favorite part of the movie!
    3
  29176.  @MichaelBordenaro  Yes, and it is understandable. I am guessing the furniture adds between $200-400 a month to the price which is why it is of course not directly comparable to an unfurnished apartment. If someone is looking to just stay short-term / 12 months it might make sense but otherwise it seems to make more sense to rent unfurnished.
    3
  29177. I m in Michigan this nonsense everywhere
    3
  29178.  @MichaelBordenaro  yes well I am working part time and have some savings they want to see three times income coming in , I don’t understand how normal average income person is able to rent? Idk
    3
  29179. Love your videos Michael. Hope you and Lizzie have a good weekend😊
    3
  29180. I live in a high-rise condo in Aventura and the view is incredible. I am not on the ocean but on the waterway on 19th floor. I can see the ocean, downtown Hollywood, downtown Fort Lauderdale, and Hard Rock hotel with the giant guitar building. Living in South Florida is awesome. I am going to look for a programming job in downtown Miami area soon and move to Brickell area to enjoy the single life. I may hit you up
    3
  29181. Always get so invested in watching I have to back track and hit the like.
    3
  29182. Thanks sir - I'm in Tampa coz TPA offers "direct" flights to many major cities. I like Naples but most use Southwest Florida International Airport and: a) there's NOT many direct flights , b) the commute to the airport is LONG, and c) in that case I'd have to move to near Ft Myers to be close to the airport. Considering West Palm Beach coz Palm Beach International Airport is getting more & more direct flights to major cities. NOT including Miami & Ft Lauderdale, do you know of other Florida cities where the International Airport is: 1) a short drive, and 2) also offers more & more direct flights to major cities? Thanks Again!!
    3
  29183. Create illusion of good times and high return on investment to spend money doing business with me ( architect ) is how i close deals, now how can MB ask for close deals with so negative news? Just gessing. I guess MB is way better than the I Allegedly . Be great to all!
    3
  29184. I plan to visit the Emerald Coast of Florida soon. The only part of this beautiful state that I have not visited. The Naval Air Museum in Pensacola is a must for those aviation buffs!
    3
  29185. To get inflation under control interest rates must be in double digits. Something these so called liberal economists doesn’t understand. Better to buy at a lower price with a high interest rate than buying at a higher price at a lower rate. You can always refinance. Bought my first home at 14% rate. Refinance at 7% when inflation curbed.
    3
  29186. IF you end up in NJ .Try Stone Harbor NJ. Stunning.
    3
  29187. Can you make a video about the flood insurance in Florida cities: Miami, Fort Lauderdale, West Palm Beach, Port St Lucie, Naples, Fort Myers...... Which are include the house size and the actual price. And it is nice you make the list of the most and the least expensive flood insurance of the Florida cities (include the house size and insurance premium).
    3
  29188. Thanks you Micheal, I think a lot of people want to move to Florida, flood insurance is totally new to them. I live in California, I never know anything about flood insurance but we have earthquakes insurance , it is quite expensive but not required by the lender. But lenders required flood insurance in Florida.
    3
  29189. FEMA flood zone, all right, learn one thing today.
    3
  29190. You are 35 and have more grey hair than I do at 54. Miami stress really takes its toll! Good thing you are much better looking, LOL! There were a lot of good deals on homes in the 1980's for the cash buyers. My parents were always looking for good deals and picked up a few. Some high crime neighborhoods were having numerous homes abandoned and boarded up. Even in our Westwood Lakes area there were homes boarded up. Unfortunately today the Fed has figured out how to manipulate all markets so next year interest rates will be heading down, especially after the next false flag event. The real black swan for this area is when the azores high starts to shrink and a hurricane heads for the southeast coast. Insurance collapse along with a hyperinflated market is a terrible combination.
    3
  29191. I must agree St. Augustine Fl. is truly a fantastic place to live.
    3
  29192. Nice video. Thanks
    3
  29193. There can't be a crash when Californians are leaving the state in droves. I don't think people understand this very important point. If you leave a state with the equity from your home, then go and buy a house in another state where the entire house cost is as much as the equity you're bringing with you, there will continue to be houses sold because those people are not using mortgages so there is no interest. They pay cash. Hence, why you see the amount of mortgages going down. Rates have gone up but is moot to the people who are causing the housing shortage, which are people from other states moving to all the cheaper states and taking up all the houses. Look at Nashville from 2008 to now. Denver from 15 years ago to now. Austin TX. It's extremely obvious what's happening and people are not seeing the forest for the trees here. My friend's mom owes less than 200k on a 600+k house in Southern CA. She wants to move to TN or some place cheaper. If she takes her $420k in equity (or so) and buys a house in TN for $385k (she wants a smaller house because she's getting older), even after closing costs, she has paid for the house with cash, no mortgage, and interest rates mean nothing to her. This is a tiny example. Stuff like this is happening and will continue to happen. My parents did this same thing in the 90s when they moved from CA to Colorado and paid cash for a house in the most expensive part of town and they scoffed like it was dirt cheap (because to them, it seemed cheap compared to where they just moved from). The only reason that homes aren't selling as fast right now is because regular people are waiting. Make no mistake - the people are waiting to pounce as soon as things appear to be affordable again. People simply aren't overpaying for a $2M house in Florida. That's why those houses sit for a bit longer. Most of America is looking in regular neighborhoods for regular homes. If there's any slowing down, it's only because people are waiting on the sidelines, hoping prices come down, which in turn makes the market appear to be something it's not (housing crash, etc etc).
    3
  29194. I can identify. It takes me 70-90 minutes to go from Cutler Bay to Pinecrest for work. (7 miles: I leave at 7:20 and often arrive at 8:35-8:40.) I must take US1. Forget Old Cutler Road (one lane). The traffic is the worst during the school year. We are the narrowest population corridor in the United States. I pity the poor souls commuting on I-95 or the Palmetto Expressways! As you know, it is pure MISERY during the monsoon season and requisite hurricane evacuations!😱Our transportation infrastructure simply cannot handle the amount of people—tourist or natives!
    3
  29195. Great video! Lots of cool facts!
    3
  29196. HOA is the worst financial decision I've ever made
    3
  29197. Wow I was looking into doing a winter rental here. Every video makes It look more alive. I'm really glad I saw this because this would never keep me happy. Everything so quiet and closed early
    3
  29198.  @MichaelBordenaro  yeah that could be true. I originally wanted to be near a beach but now I'm thinking I should stay closer to Orlando. Still driving distance to the beach if I want to meet up with the sharks in Smyrna 😂
    3
  29199. Michael has a Brad Pitt type of vibe, right? That cool, calm demeanor and energy. Lol, I'm jealous, brother!
    3
  29200. el chico esta muy lindo jiji
    3
  29201. when do you think is best time to buy
    3
  29202.  @MichaelBordenaro  thanks for the info are you an agent in ft lauderdale
    3
  29203. I have done plenty of moving in my 66 years. I've gone from one state to another; one city to another; one neighborhood to another. Sometimes, I wanted to move, but couldn't. There were too many obstacles in the way. But, my major moves were always wide-open opportunities, and I knew I would kick myself if I didn't take advantage of them. I always wait for the opportunities and then I act on them before they close and they're gone forever. You just know when the time is right; you do it without thinking, without research, risks be hanged! Other times, you're forced to sit on your hands and wait it out, but I use those times to learn to love my situation; to really get into where I am at the moment.
    3
  29204. Where would be a good place to build a Tiny Home? I do not want to be in a huge city, but also not in the woods and swamp either. thanks!
    3
  29205. St. Pete near Tampa is really nice
    3
  29206. Michael - You showed a video of your flooded garage and you walking up flights of stairs in your current building. Your building appears very unsafe (no matter what you are being told). If I were you, I would have moved out yesterday. It's possible that so called "safe" buildings may be falling more often due to increased environmental erosion.
    3
  29207. J3, the trifecta of doom, (Jerome, Janet and Joe) is aiming for a soft landing and instead it will most likely be a crash landing.
    3
  29208. My daughter is graduating this May with her masters in speech and language pathology . God bless her and all of our graduates at every level . Anyway , she plays the walking tours in the background too . Low volume of course . It’s beautiful and helps our brains make feel better chemical according to her .💚🧡💙💛
    3
  29209. Great Video ! It was only 10 years ago the R/E market crashed , now people are having biding wars ! This manic behavior can repeat, especially in uncertain and dangerous times!....If one has the luxury of time to watch and see how this "contest" plays out....I think, will be rewarded with choice and opportunity.....Thank you, Michael.
    3
  29210.  @MichaelBordenaro  I agree.....
    3
  29211. Great video. I have a lot of questions. I wish I could consult with someone who knows a few things about Florida.
    3
  29212. Your videos deserve more views!! Great stuff.
    3
  29213. Good review of the area. We are visiting for the first time next month. We are actually staying in a camper at the campground in your video. Looks like your video shows some bike paths along the highway. We are looking forward to riding our bikes. Thanks for the video. I just turned 60 so I guess I am a old guy now 😂😂😂😎😎😎
    3
  29214. I agree, I bought Bit Coin..😊
    3
  29215. Also seeing (on Zillow) more and more 'Re-activated' properties making me think some of these homes that received dozens of offers are taking the highest bid but the banks are not backing those buyers or the homes aren't appraising for the highest offer. Keeping tabs on the Chicago market for my sister in law - trying to get her to rent for at least 6-12 months longer (not that the crazy market will be over by then) but I of course don't want her to be under water on her first home in 3 or 5 years.
    3
  29216. What do you think about taking Heloc for my mortgage, I would like to pay off my mortgage in 5 to 7 years. DO YOU THINK IT'S A GOOD IDEA.
    3
  29217. I enjoy these walks
    3
  29218. Love this style video! Can you please do one more in South Beach?
    3
  29219.  @MichaelBordenaro  great! I want to see different types of condos in Soith Beach
    3
  29220.  @MichaelBordenaro  thank you!
    3
  29221. Hahaha...Thanks
    3
  29222. I hope the housing crashes 90% it’s ridiculous what these prices are all it does is jack up your property taxes which is also at insane highs.
    3
  29223. Renting for a year would cost you 30k for a 400k house. Two years rent are worth your down payment on that same house. It’s all just perspective.
    3
  29224. That was a very informative video. Thanks Micheal.
    3
  29225. Have only driven through, and some people like a quiet out-of-the way place. No palm trees ot abundant sunshine in Cherry Valley, IL! LOL. It does look pleasant, but VERY quiet! I like a bit more activity and interaction with locals. Cannot believe $300-400/night for a room in New Smyrna. I have been to a Spring Hills Suites before, but way less than that!
    3
  29226. Awesome video, your right about stepping out of your comfort zone! If you need a change to improve your quality of life then all you do is take action.
    3
  29227.  @MichaelBordenaro  interesting and sad
    3
  29228. I got plenty of payments but i make way too much....🎉
    3
  29229.  @MichaelBordenaro  That is a beautiful beach no question! It has the sand, landscape and the water. Looks like a very relaxing atmosphere too! After seeing this video, I'd really like to visit this beach! I'm totally sold on it
    3
  29230.  @MichaelBordenaro  Since I'm flying down this time, I don't mind a road trip to visit the gulf. Especially to see a place like this and Annemarie Island!
    3
  29231. Happy Thanksgiving. Will be watching next one for sure.
    3
  29232. Now homeowners in Florida are trapped in paradise like the Californians go figure
    3
  29233. Mayberry, the idyllic hometown made famous on The Andy Griffith Show, has long been considered a fictional place, but the real Mayberry does exist. The TV-show town was based on Griffith's hometown of Mount Airy, North Carolina. Why do I mention Mayberry? Because Mayberry represents one extreme in the privacy debate. If you wanted a loan in small town 1950s America, it’s likely your local banker knew you, knew your family and who you associated with, your job, the health of your employer’s business, and a lot more about you and your entire life up to that point. At the other end of the spectrum would be complete privacy, meaning you wouldn’t have the right to know that one of your neighbors is a convicted child molester. Where to draw the line? I tend to agree that our qualification for a loan or for credit in general should be based upon our ability and propensity to pay our bills. But you may expect more of this further intrusion into our privacy as artificial intelligence systems become more and more capable of spotting correlations between what may seem to be obscure demographic attributes versus consistency of loan repayment. Fact is, marital status and lifestyle and interests and association with other people actually do bear on loan default, in sometimes subtle and unintuitive ways, ways that even experienced human loan originators may not spot but that big data analysis can uncover with sophisticated pattern recognition capabilities (a field I worked in during my software career). In short, it’s going to get worse before it, maybe, gets better. We need to look hard at what we want more; closer to perfect efficiency at the cost of humanity, or humanity at the cost of imperfect financial outcomes. I’ll take the latter.
    3
  29234. Time to focus on generating income.
    3
  29235. I would enjoy seeing the videos from your car, but I love the walk snd talk videos! This area reminds me of Coronado Island, right across from downtown San Diego.
    3
  29236. Seems like good advice.
    3
  29237. No wonder that place was deserted ! 😬 🐊 🐊 🐊
    3
  29238. Re flooding and sea level rise is bad in Miami key west is worse.
    3
  29239. RV The way to go
    3
  29240. Hi mike, could you make a video in regards to those of us who have filed bankruptcy but want to move to Florida and how to do so? I think it would give you a good video to make.
    3
  29241. Lisi was the best thing that ever happened to you Mike!!!!😊😊❤️❤️❤️
    3
  29242. Mike They want to sell and get cash but don't they know cash will depreciate in their bank or underneath their bed
    3
  29243. It's the same old people out there trying to get you to spend the last nickel you have
    3
  29244. Do you think you’ll stay in Miami or another part in FL for at least another 5 years or you plan to move out of FL completely within 5 years? 👍🏻
    3
  29245.  @MichaelBordenaro  When I fly back to Florida, I was gonna stay in Orlando again but take my rental car and drive up to visit St. Augustine. I’ve seen that is has a very Spanish-European feel to it. I’ve seen it in videos and in pictures. It looks like a nice, clean place. I look forward to getting back to FL from MD once the covid pandemic calms down again. Too many travel restrictions all over now. It makes flying and traveling domestically and internationally difficult for the time being. 👌🏻
    3
  29246. Are there any jobs in Miami new residents can get there fast after arriving that are always hiring and ones that pay enough to comfortably live on too? Thanks. 🏝
    3
  29247. Jacksonville to Pensacola I think is a 7 hour drive like going San Diego to San Francisco
    3
  29248. Great map and thanks for the share. I'm highly skeptical on the Bay Area being undervalued. 2b1b 1000 sqft homes are being sold > 1.5m...
    3
  29249. Great topic and I learned a lot! I didn't know about #3 #4 #5 #6 #7 #8 ;)
    3
  29250. EVERYBODY'S BEING GREEDY RIGHT NOW... INCLUDING THE POLITICIANS & THE GOVERNMENT!!! PAY ATTENTION FELLAS!!
    3
  29251. @19:40 you're right about that. My local Walmart has Christmas products out already 🙃
    3
  29252. niceee so peaceful !!! hope you wore cumfy shoes Mickey!
    3
  29253. Thank you for always doing videos like this!
    3
  29254. In fairness US is one of the few developed countries where its housing, food price, and lot other stuff are lot cheaper than many other countries. For instance, Houses in UK and Japan are lot more expensive than houses in US and their housing price will NEVER come down !
    3
  29255. You can’t get a place to live unless you already have a job. Rents higher than pay.
    3
  29256. The worst is yet to come soon ❤😂
    3
  29257. I've been checking out local news to see what's happening on a daily basis. A good indicator is to see what the unemployment rate is.
    3
  29258. Problem is they move to a Conservative state to get away from the results of liberal policies, but then they vote the same way and it becomes like what they left behind.
    3
  29259. Hey Michael - it would be great if your latest vids were enabled with closed captions or auto-generated. Your earlier videos seemed to have that option.
    3
  29260. Once a new vídeo is released, it takes about a week for YouTube to enable the option to have have CC on it.👍
    3
  29261. When I was a landlord I posted rental ads in FB
    3
  29262. Even when it's cloudy the scenery is just beautiful effects it's more detailed when it's cloudy unemployment's is rising businesses are shutting down and the other businesses that are left are getting very slow people aren't going out that much we believe we're just starting right now to go into the recession
    3
  29263. I agree that something should be done against these huge corporations buying all the inventory. They already making billions and don't care. But one thing we can do about it is let them know we want this to stop. The government doesn't really care and will not do anything about it since they at the end of the day, profit from these companies. The bottom line is they are doing it for profit so one way would be to take the profit away. We can do that by stopping to pay rent to all the houses that are owned by these corporations.
    3
  29264. ABSOLUTELY NO FINANCIAL EDUCATION!! Period! Good point made here. And I think it was done on purpose. Hence where we are.
    3
  29265.  @MichaelBordenaro  Ahh I don't mind them, its spiders I CAN NOT STAND
    3
  29266.  @MichaelBordenaro  Yes, but I am talking about crazy big ones or tarantulas
    3
  29267.  @MichaelBordenaro  Awesome, seeing as no large spiders I'll go ahead and buy this https://www.youtube.com/watch?v=8lmSe3t7iGg
    3
  29268. We want to do this, except from another northern state, and 5 kids. Can we be friends if we do?
    3
  29269. Thank you for another great video and another great walk throughout a nice neighborhood. Frankly if people don't have 20% for a down payment then they can't afford it.
    3
  29270. I was a used car technician at a dealership for a few years before I switched careers. Fiat-Chrysler vehicles were always the worst and most unreliable vehicles that I would work on. Most of them start falling apart after a few years. I like the design of their vehicles I just wish they would put as much effort into engineering them.
    3
  29271. I left California 4 weeks ago . After a four days amazing roadtrip in my truck I landed in Florida. Drove around here for two weeks . Now I'm living in Delray Beach, have a job and life is great . I ❤️ Florida
    3
  29272.  @MichaelBordenaro  I forgot to say I've been watching your YouTube videos for about a half year and thank you for all great information you share here . You for sure inspirated me to get out of California . Thanks again!
    3
  29273. When people start refusing to pay those grossly inflated prices. I found the perfect house for me but the seller had it marked up to double what he paid for it two years ago. I can afford even the inflated amount but I said "no thanks". I'm not going to be anyone's fool.
    3
  29274. I enjoyed this video. Thanks
    3
  29275. Good info about the inspection period.
    3
  29276. You can hear the cicadas telling everybody how dang hot it is here. 😂
    3
  29277. You are young, know what you want, have a set path to achieve your goals. Excellent content in you videos. I can’t wait for your ride trip.
    3
  29278.  @MichaelBordenaro  I like Dan's idea of giving sellers a nice tax break to sell to an actual buyer, rather than to an investor.
    3
  29279. no comments required
    3
  29280. This was great... Could be a lot of Fun. It’s a balancing act. Surely there will be glitches here and there. I’d have a manager who gives the Guest a Tour 1st. Have them sign that everything is okay. Make it really comfortable and nice. Excellent information here.
    3
  29281. “I’m from the government and I am here to help” is the worst thing you can hear… this has been created by government injecting money in the RE market…
    3
  29282. Thanks for showing us this. I have never been down there but see why it is pricier than other parts of Florida. Glad you are making it to SW Florida. Check out Sanibel if you can. Also you might be pronouncing Dunedin wrong lol.
    3
  29283. If their lips are moving… Keep speaking the truth!
    3
  29284. I watch your channel often. Hope your day was good Michael. 👍
    3
  29285. Great videos.
    3
  29286. 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
    3
  29287. Wait, that sounds like a song! Got it: Everything Is Broken Bob Dylan, 1989 from "Oh Mercy"
    3
  29288. Any rate hike less than 75 bsp on Dec 14 will be seen as the “pivot” and the stock market will explode. Probably little decrease in prices in Florida I’m guessing. Maybe Iowa but not here in Tampa lol.
    3
  29289. Long story short, to live in California you have to make good money and yes it’s possible otherwise housing wouldn’t be that expensive. Also California has has all types of weather , its huge, its so diverse…so yes life is good in Ca!
    3
  29290. As always I appreciate the info and topics Michael. It allows me to better prepare and think ahead of time for my family.
    3
  29291. Mortgage rate 6.70% ugh.. I guess 7% or more is within reach in a week or two.
    3
  29292. Hope sometime you might have to check the trailer park out
    3
  29293. Great video. Such good insight. Your intel is very appreciated😊
    3
  29294. Let's see u describe the atmosphere the vibe here in Florida🧐😼
    3
  29295. Nice video!...Best view in the Bay Area on a clear day.
    3
  29296. In those properties with HOA , property taxes Nd house payments you will have to pay 4k monthly ..
    3
  29297.  @MichaelBordenaro  i want to buy a house in Miami area maybe you can help me to find one i lived there for 4 years and i want to come back
    3
  29298. Good content today Michael. It is def starting to turn around slowly but surely. New home builders are offering incentives and homes arent selling as quick. Relatively speaking and depends on your market of course. Thx
    3
  29299. Yes south of fifth is a very nice area but not cheap!!
    3
  29300. You put out some great advice we just love your videos and you're absolutely right There's people out there that just how much HOA fees or reserves all they want to do is rent them out and that's it. t h e y forget about all the upkeep that goes along with it
    3
  29301. Interest rates have been artificially suppressed for decades. If they do go down at some point they will probably not go down to previous lows.
    3
  29302. I was not aware of any of these facts before today So interesting 🧐 thanks Except I did know about the alligators but I thought there were no crocodiles . I thoughts crocodiles lived in Australia. That said I’ll syaaeiy from the Everglades 😁
    3
  29303. 1
    3
  29304. Im moving to clearwater from Pittsburgh June 7th. at 7:00 it felt like you were speaking directly to me. thanks for the video.
    3
  29305. Hello Michael, thank you for all your good information. What is your opinion on self insuring?
    3
  29306. Tampa is one of them, incredible amount of development is going on there
    3
  29307. Add me to the list of people moving to FL as well 😁. Next summer is the goal 💕
    3
  29308. Michael, when you compare house prices and mortgage payments in 1981 with 2021 you also need to put it into context; In 1981, the median family income was $22,390, while the median family income for the United States for 2021 is $79,900. It's still more costly today, but context is nevertheless important. With regards to the problem with old age poverty in the future, we will probably see that a lot of the people who now vote for politicians who refuse to raise taxes to take care of others, will be voting for politicians who will raise taxes so they can be taken care of themselves... Human nature is to be selfish and greedy.
    3
  29309. The whole banking system is a SCAM!!!
    3
  29310. Dad dersves a meal for this
    3
  29311. All your videos are awesome! I think your niche is talking about Florida. You are very knowledgeable about the state and you always sound interesting.😊😊😊
    3
  29312. Hello my name is DuJuane Spencer. I am from Rochester, NY, Which is in western NY. I want to thank you for your wonderful videos about Florida. I was that person also who wasn't thinking about Florida. But after a few times visiting Miami. I started to feel like it was home. And that was 10 years ago. So after getting rid of the doubt. I will be moving there this July. I must admit, I am a little nervous but I am willing to take that chance. I do have a question. Because I will be moving there in July. When is the right time to start putting in applications. May God bless you always.
    3
  29313. You have the best videos on YouTube and the Boomers even if they have their houses paid off the taxes are going sky high and the upkeep the service people that service the houses has tripled can come out for a service callIt's a nightmare We're living in a false economy
    3
  29314. Michael, my first thought is what do these folks do that they can afford this kind of property, and then my second thought is this is Miami, and Scarface and Miami Vice.
    3
  29315.  @MichaelBordenaro  Thanks for filming them, it was interesting to see the different styles and landscaping!
    3
  29316. Forgot to mention, I'm a fellow FIB who currently lives in Wisconsin.
    3
  29317. Thank you. Yes you do not get time back. I moved to California instead of Florida when I was young and that was 20 years ago. I have thought about Florida almost every day for the last 10 years. I sound like a broken record. Once you move once, it does get easier because you can think like the way you do. LIFE always seems to work out though somehow. I have alot of regret of waiting 20 years and my only lifeline is your videos. Thx! We are moving to SI in Dec though finally.
    3
  29318. keep lowing the price eventually someone like me will pick it up, when buying is cheaper than rent 🤠
    3
  29319. GREETINGS FROM SAN DIEGO MICHAEL AND LISSI 🌴🌄🌴
    3
  29320. Funny how many don’t want to be on video yet they’re on facebook and twitter all day. That Azimut 70 was sick. Longterm goal...
    3
  29321. If I had more time I would wait but basically I'm helping a friend out and he's basically getting kicked out in July of this year so we had to kind of rush things good video keep up the good work
    3
  29322.  @MichaelBordenaro  thank you but the good news is we have found an apartment and got accepted our move-in date is the 1st of July your videos are very informative
    3
  29323. Congrats on 100k. I wasn’t proud of you! I am enjoying all of your videos. And I appreciate how you explain things that keep us informed and also in plain English. That way, people like me can understand! Thank you! Keep helping us make better decisions and approach our decisions with the best options possible and with confidence. And I love when your wife comes along too. She is such a lovely lady! 😊🫶 👍 Best wishes to you both from Virginia.
    3
  29324. Hi I have an idea for a video. Can you do a video on the pros and cons of moving into a 55 plus community. The housing in such communities? Hidden fees? Restrictions? Best places to move too.? I know you far from this age but from a real estate agents perspective it would be good to hear from you on this topic. Thank you.
    3
  29325. Awesome Video
    3
  29326. after years of searching, i think Miami beach is maybe the best place for me to live
    3
  29327. No one is selling. People want to keep their low rates. In the meantime smart ones are pocketing more cash and looking to purchase more.
    3
  29328. What ever happened to usury being illegal in the United States of America???
    3
  29329. Thanks Mike. Just picked up the audiobook.
    3
  29330. Awesome video, love your driving tours!😎
    3
  29331.  @MichaelBordenaro  That’s fine, as long as we get to see more videos like this! Lol.
    3
  29332. Offer to pay 75 percent??
    3
  29333. Well how about the way it's been for auto insurance all these years. It's mandatory to have insurance. Then when you look at all the charges . You still have to pay for uninsured drivers and underinsured drivers. Saw your car or truck premiums . You have to pay for people that don't pay same thing .
    3
  29334. We love Florida but will be not be able to move there as we're from Denmark. But we'll be back to visit as soon as international travel is permitted. We usually stay in Naples, beautiful area, very laid-back
    3
  29335. I grew up there. I miss Maria and I used to go to school in Corte Madera.
    3
  29336. Thanks Michael 👍
    3
  29337. 1st
    3
  29338. This is going to be a white collar slaughter. Paper pushers are going to lose jobs en mass. If you don’t have skills you will be laid off. Businesses are stream lining. Good luck if you are in HR. You are toast!
    3
  29339. I know you said not to google -- but ... You missed something really important about Clearwater - it's central headquarters for Scientology - and they have a guerrilla operation going on there. People considering moving there should most definitely google that to see what goes on. It's frightening.
    3
  29340. I live in flordia tho
    3
  29341.  @MichaelBordenaro  Ehh beaches in Miami are better than the beaches in LA. LA is full of druggies and homeless people it’s disgusting. Yeah Miami can be “ghetto” but you can navigate around to better and nicer beaches in South Florida. LA is PLAGUED by homelessness, dirty as hell streets, and junkies.
    3
  29342. i agree with the video! what a good insight Michael :) one bad experience i had out all the good experiences when i was in Miami was this car rental place i used to rent a car, overcharged and charged me double lol compare to what the guy promised me. Legitimate and honesty is the key! dam not even showing up for biz is just crazy tho lol
    3
  29343. The increase in the GDP isn’t from inflation. It is inflation adjusted. But the increase in growth is predominantly driven by an increase in the dollar which has risen by about 17% against the euro and 12% against the GBP. Mostly driven by exports.
    3
  29344. Where I live in South West Washington state near Portland Oregon a see a lot of people from Florida moving here. A lot of people from these states I see moving here are from Texas, California and Florida.
    3
  29345. "People" and "investors" are buying the relative "safety" of... BONDS???
    3
  29346. Yes, your explanation makes perfect sense. Owning a 3/3 oceanfront, ocean view, far below the market rent is great. Plus, hopefully, it will continue to increase in value, even if it's at a more reasonable annual rate increase.
    3
  29347. I hope people heed your thoughts Michael!
    3
  29348. Is that a new tank Micheal, i like the color!
    3
  29349. Great video Michael! Helpful to know how much things cost.
    3
  29350. Michael I see the same signs as you. You are correct, but I don’t think we will have a recession or at worst a mild one. My only reason is the strength of consumer spending. An example, over Memorial weekend the Jersey shore was packed with people for the weekend. People ignored the cost of petrol and the cost to stay at motels for a nice weekend. It happens this way till after labour day. The old theory that people rely on credit cards just doesn’t cut it. Yes I could be wrong. I hope I am not.
    3
  29351. My West Palm Beach home's value dropped almost $40,000 last month.
    3
  29352. Congress just introduced a bill to ban Wall Street from buying homes. Why don’t you talk about that?
    3
  29353. im in west palm beach an houses/apartments are up longer then usual
    3
  29354. thanks for explaining how to use this!!! i was so frustrated because i couldnt fine a way to scan my receipt lol. this video helped alot
    3
  29355. Fed pivot is coming in the coming months. Man, when mortgages go back to 5%…..that’s going to feel like 1% coming from 7.5%. The level of fomo will be epic. Janet yellen is wanting to do a treasury debt buy back program (which doesn’t make sense) to save the bond market. Fed is going to be forced to pivot to save pension funds, banks etc. Not looking good at all…I do hope you are right and we see an epic crash though🤞 I just don’t see how these higher fed fund rates are sustainable to an economy and government that is reliant solely on cheap money.
    3
  29356. Inflation today is Much worse than it was in 2008. Who can afford to go out to eat?
    3
  29357. Regarding that last segment about Equifax and overemployment, it's interesting the same companies who get mad when workers work for more than one company at the same time are the same ones who have no problem hiring a new worker to replace you, then require you to train them if you want to receive any severance pay 👀 they don't mind having more than one worker working the same job in their own best interests.
    3
  29358. Safest places in Florida people and nature?
    3
  29359. "median HOUSEHOLD income" is $62k
    3
  29360. Hey @michael, can you please make a video on Boise Idaho real estate and where it is heading? House proces are crazy, seems very expensive to move
    3
  29361. It’s icy and snowy where I am 🙄
    3
  29362. I hope people hear u
    3
  29363. Great info for potential residents! Regarding colleges, I went to FIU in Miami and would highly recommend it because it's a public university, so cheaper for residents and has some excellent programs including nursing, architecture and even law. You're dead on about the beaches in the keys, aside from that my personal take on it is the keys are more of a vacation spot or 2nd home, it's not for everyone as far as permanent residency. Keep in mind, Key West is a 3 and a half hour drive from the mainland of Miami and the job prospects there are limited to the hospitality field.
    3
  29364.  @MichaelBordenaro  Thanks! Haha I know, if I hit the Powerball I would certainly get a place on the Conch Republic!
    3
  29365. I live in Lockport IL. I know exactly where Belvedere is.
    3
  29366. do independant floridians agree with De Santis on covid?
    3
  29367. Hi Michael...I guess these units are condos owned by investors. The 2 bedroom was great. Loved the size. One bedroom was small at over 600 sq. Ft and furniture was dated. The studio at over 500 sq ft was better but the floor tile was hideous. Your calculations were on point. I have a 30.00 a month cell phone plan with Boost. A video with condo sales would be great to watch. Stay Well buddy!
    3
  29368. That was a nice neighborhood I see why people are asking lot of money. But it is not the beach so they should be realistic. I am remote worker and love the flexibility it brings. Although I am sort of ready to go back in at least hybrid. Thanks for the vid!
    3
  29369. Buy a Cheap Water !!
    3
  29370. Prices need to fall to December 2019 prices and they will - let's not forget that there is a lag between the data reported and the actual numbers. The data in three months' time will reflect the true position today.
    3
  29371. 3:47 Yo!@
    3
  29372. This is the decimation by design of the middle class in America. Consequently, bringing in this new currency (CBDC/UBI) reset as the "solution". In addition, giving the government, ultimate control on the population. Sad !
    3
  29373. Is there some tax advantage to leaving your rental empty, especially for high income folks? Also, you might recall Enron, where employees had all their pension in Enron stock and it went apparently to zero.
    3
  29374. Is this in Surfside FL?
    3
  29375. That first bush of hot pink flowers were Bougainville (pronounced boo-gan-v-ya).
    3
  29376. Here i am again, finishing up last half, noticed sidewalk is pink? We don't really have fruit trees here, so if you have those to show while walking, love to see that
    3
  29377. Lies about real estate and jobs and cars and...
    3
  29378. Good Afternoon Michael: I want to thank you for putting out great information, My question is do you work with Veterans and their VA Certificate of Eligibility (COE) in purchasing a home?
    3
  29379. 12:00 property taxes, like that or prime example of how you are literally renting your land from the US government. It might be your city, or your state, whoever you’re paying taxes to that’s not your property or your house if you have one on it that’s the governments. You’re just renting. That’s crazy I would never pay that for just a land taxes on that land. What kind of services are you getting for that amount of tax you don’t even have a piece of property for the fire department to put the fire out
    3
  29380. Why buy a house and go in debt all your life i bought very nice 7 year old house trailer in a very nice quite trailer park, i paid cash $25,000 10 years ago my lot rent was $280.00 and has gone up to $335.00 in ten years that's a steal, its all paid for have no worries about high expenses, my brother and i share the expenses were both retired and live on our SS checks very nicely, and we save thousands every year!
    3
  29381. Middle class is being wiped out....the economy as we knew it will never again return. This event is NOT another crisis.
    3
  29382. Hope for the best, yet prepare for worst. I’m not sure how people don’t live by this.
    3
  29383. This is my favorite place in FL
    3
  29384. It was ranked #1 city in Florida by 2 different publications.
    3
  29385. Michael,.....I would have liked to have heard you and your Dad discuss Cheap Trick,..,and just for shits and giggles hear him say ''Da Bears ,"".He even reminds me of ""Ditka''.
    3
  29386. Congrats on the weight loss. A lot of great places to walk in the Bay Area. I walk/run 5-7 miles every day. I have already done 6 miles today by 3 PM.
    3
  29387. Oh wow, where to begin.. 1992, I left college, I was maybe 1 in 3 of my friends with a job. I would say 50% of those I knew had to go into family businesses or otherwise leverage family to survive. Hard labor was very common for anybody without a professional degree. 5 years later, the internet and tech boom started. Then the Y2K boom, which enrichened a lot of people that were about to be obsolete ( think COBOL programming ). The term “conspicuous consumption” became popular. Some people were going to get rich selling cars or stocks either way. The FED ran everybody into housing after the tech burst fizzled. All of a sudden, people you thought weren’t going to make it, had their own personal training businesses and home-flipping scams. Easy money continued to fuel upward mobility in highly erratic unpredictable ways. This has moved the bar of success higher with each new wave. Today, people use bailout money to buy stocks instead of paying off debts. Everybody wants the lottery winning, because that’s all they see in everybody else, luck. Tons of people feel disenfranchised ( think looters ) because they don’t understand today’s economy and how socially driven it is. It could get worse. I was in an interview for a remote programming job 3 states away and the guy said “nice Corvette”. He had been on my Facebook page. We are in a very social media driven world now, and the winners are difficult to predict, so better go ahead and get that Bentley. The other guy might have a Porsche on his Instagram, lol.
    3
  29388.  @MichaelBordenaro  when i arrived in Fort Lauderdale the first thing I noticed was no salty misty ocean smells
    3
  29389. Also, hope there is visual artist community in FL where you can exhibit and build an Art career too. Planning to move to FL in near future...
    3
  29390. Michael Bordenaro Thanx 🍷
    3
  29391. Hey Mike do the landlords have to pay taxes in SF since they do not have to evict non-paying renters by law?
    3
  29392. Beautiful place!! So excited about your trip!!❤️
    3
  29393. 😃👍👍👍🌴
    3
  29394. Im from Pittsburgh and I've seen roosters in Miami, down by Bayfront Park.
    3
  29395. Wow, what a crowd. Such a nice mall too. The noise is a bit much, but it's better than wind, and you stayed dry. Nothing wrong with a good soaker. It knocks the dirt off of everything. My thing is still North Central... I hope it is still liveable when I escape Seattle.
    3
  29396. Do you rent? If you own are your HOA fees kinda large?
    3
  29397.  @MichaelBordenaro  Thank you very much.
    3
  29398.  @MichaelBordenaro  ... yeah Michael, in fact, I believe during the 50s - 60s Miami Beach was touted as “America’s Riviera”
    3
  29399. But do me a favor... I'll tell you what you have to do before buying in a condo: First of all, hire a structural engineer and go with him to take a good inspection tour of the building, especially in the garage floors, you need to carefully observe the pillars, their section and the distance of the beams...If everithing is ok you make your offer, NEVER BEFORE...!
    3
  29400.  @MichaelBordenaro  I know unfortunately...
    3
  29401. Is there a Chinese community in Florida? I'm American but my wife is Chinese and we are thinking of moving to Florida. We currently live in Kunming, China. Is there a China Town?
    3
  29402. And here we are a first time buyer needing a move up home...
    3
  29403. I heard the battery is very expensive. And wondering where they will be made…
    3
  29404. Great video! A lot of good explanations.
    3
  29405. This isn't really true in my area to be honest... Bid wars still exist in Seattle area, albeit less frequent but I'd say it's a reach to say it's a buyers market here at this point. Sister and her husband put an offer on a place and had over 7 offers in the first few days, even though they increased their offer they still got beat.
    3
  29406. Good views and commentary, thanks! I agree sellers need to recognize that something has to give with either time or money!
    3
  29407. When you come down to California, go check out Carmel by the sea.
    3
  29408. Excellent video. Please show the pending implosion.
    3
  29409. Yes the struggle is real!
    3
  29410. Thank u Michael. Again good content.
    3
  29411. That background 😱😱
    3
  29412. for real...
    3
  29413. Informative video, thanks. :)
    3
  29414. I'm moving to FL after I get laid off in Nov. I don't have great credit & will be unemployed when I arrive. Have any advice for me ? I have no criminal record, leasing violations, etc. Am 30 yrs old. I also want to see many reptiles
    3
  29415.  @MichaelBordenaro  what is a fast way to increase ones credit score ?
    3
  29416.  @MichaelBordenaro  what a cool guy you are.
    3
  29417. Michael,can you do an entire show while you are parasailing in Biscayne bay,lol just kidding that's dangerous😮
    3
  29418. Along with the housing crisis, furniture businesses follow suit. It’s a bummer … glad I’ve retired. If your in the furniture business Get Out now!!!!!!!
    3
  29419. I am thinking lots of things we buy will get more expensive in future years without China and with more tariffs. Something to consider. Course we wull have many more jobs here too.
    3
  29420. Yay Michael on 5 years on UTube🎉! Keep em coming!
    3
  29421. Hi Michael, I always want to say so much to encourage your You Tube growth, but am usually racing around, and don't have much time to say more than "Great video! Keep it up!" Anyway, I wanted to say that as always, you do a great job with your videos! You are thoughtful, articulate, honest, and interesting. I agree that you are on the right track by putting out more videos. Good for you for that! Also, since you are in the real estate business, even though you are trying to move away from that, I think it is smart of you to showcase these wonderful neighborhoods in Miami and the surrounding areas. (I'd love to see one on Coral Gables, Bal Harbor, etc.) I also think you do yourself a great service by doing walk throughs of these houses that you are helping sell for your clients. Very smart. We like seeing the houses and their yards, AND this can certainly help you sell them, I am certain of that! Also, as someone who lives in California (San Diego), but originally grew up in Atlanta, and have relatives in Florida, I love seeing what money can buy in Florida, as I DO consider moving there eventually (though my husband, who is from California, says "No way!" because of the heat, humidity and the bugs. We'll see one day, though.) Anyway, your snack today looks delish! Glad you make ALL of your videos! Yes, the comparison/top 10 videos are wonderful, too! Happy Holidays!
    3
  29422. Many high yield savings accounts are giving over 5%. Bask Bank is at 5.1% APY, Popular Direct is at 5.4% APY just to name two that I currently have accounts in.
    3
  29423. if you're using your house as collateral, as soon as you're given a penny, one single cent, your house belongs to the lender, it's gone, not yours anymore. good job. that being said, there needs to be laws: for the person taking out the loan, you can't immediately take out a mortgage when you buy a house, you should have to have it fully paid off first. for the person lending out the money, you can't give out money to people you KNOW won't be able to pay it off in a reasonable amount of time. the main thing is, laws or not, people seem to think a mortgage is free money, and not that it's selling your house, but the owners still letting you live in it.
    3
  29424.  @MichaelBordenaro  No you sure can't. Hope to visit for a couple of weeks in February.
    3
  29425. No wonder Powerball winner in CALI.
    3
  29426. The biggest mistake l made was marrying someone and working together in his business. It ended disastrously and destroyed my entire financial future. Older and wiser now, but there’s no way to repair the damage done.
    3
  29427. I hate stopping to get gas, I cannot imagine waiting 45 minutes to charge my battery! No! I pass a charging station daily. I may see 1-2 cars a week. IF you had your own charging station, how much will my electric bill be then?! It’s so expensive now.
    3
  29428. Bye land then buy a fixer upper mobile home. This is what we did and I don't regret it. Yes space is a problem but it was the same when we were renting I'm in the process of building a shed to get rid of my storage problem. Good luck to everyone trying to get a home.
    3
  29429. U have to go to multiple grocery stores for good comparison prices.macys 2,350 including corporate and closing 5 stores. Zulily closed indefinitely. Sports illustrated
    3
  29430. talk about timing your foot crashed right when you said rents would crash... thats a sign
    3
  29431. Do you notice any difference in the sand type, quality, and feel in Dania Beach as compared to S. Beach? The sand looks a liitle less white in Dania Beach.
    3
  29432. Looks like a lot of little rocks?
    3
  29433. My husband is an electrical contractor on Coronado island in San Diego. He said the inspections can be frustrating. Check out Coronado, California off of the coast of San Diego (it’s really a peninsula) on Google maps. Expensive and beautiful area!
    3
  29434. I don't think most of us Americans have that much money put away Michael. If we did, we could cover a 1000 dollar emergency. I think the wealthiest Americans is what this applies to on average. The demand for housing in most areas: I think people are underestimating ability of American workers to now work where they desire in terms of the housing markets. Except for the Federal government and probably most local governments, many workers are now being given the ability to work from anywhere, This is why Florida, Texas, Arizona, and Nevada are seeing the demand they are. Plus, the pandemic has made many realize mortality more. This pushed many in 2020 and 2021 into retirement and into buying that retirement property before they were gobbled up. People want to live now the best they can. The pandemic changed the working dynamic. I see a push now to try to restrain the telework craze because it impacts business that depended on workers coming into the cities. People are also getting out of the cities for affordable states like Tenn., Kentucky, Montana etc. NY had a mass exit, mostly to Florida. Mist people miss the markets, they jump in to sell to late. Just like with stocks now, in my opinion. The market is down so people want to sell. Depending on your situation I believe this is the time to buy the best stocks. They all are on sale!! Buy low, sale high!! Good food for thought Michael. Because of housing strength, the temporary nature of the supply issues, and the way the war is going, and the abundance of jobs, my hope is that we don't see much of a recession.
    3
  29435. I have the solution. No hurricanes, no floods, great weather, no humidity: move to Búzios 😉
    3
  29436. My God, I miss this place!😍
    3
  29437.  @Lisithedogwalker  his hat haha
    3
  29438. My son is a Taurus, too! April 30th!
    3
  29439. I would highly recommend Palm Beach County for a move, still some good livable areas, enjoy the trip.
    3
  29440. what part in Augustin did you guys like , just looking to visit there
    3
  29441. Nice! Enjoy your road trip guys. Waiting for more videos. 😊
    3
  29442. How is the Delray Beach area? Great channel 🤗👍
    3
  29443. Michael Bordenaro thanks, I will check it out.! And nice jobs on the videos by the way.! Keep up the good work.
    3
  29444. nice report .clearwater checking in . not big on clwr.strong police presence I like aventura . naples bad location for hurricanes they curl around the place traveling north . what about boca raton love there .maybe move when i can. Saint Augustine ill check it out . sarasots there last week traffic terrible . utc area. and its off season. orlando brutal in summer .temp wise .
    3
  29445. Loads of California license plates in Port Charlotte. Cali transplants everywhere. Safe and low crime 88% white Port Charlotte is still affordable. That 1970s Youtuber house can be had in Port Charlotte for $185k right now.
    3
  29446. I love seeing all those beautiful plants and that yacht was very interesting looking.
    3
  29447. His name is Michael and he's too skinny for the crocodile population. Even the alligators criticized him for missing leg day.
    3
  29448. Wow thanks for showing this Michael, definitely looks like a makeshift boat. Great message as well. Always be grateful.🙏🏽
    3
  29449. This inflation in EVERYTHING is similar to those adjustable mortgages. Doesn't matter where the costs come from, doesnt matter if you have 2% mortgage.
    3
  29450. 😂😂😂 I owed tony soprano money so I moved to Miami
    3
  29451. The battery, which costs at least $5k mind you, breaks around the 100k-150k mile mark. Then you're left with repairs that are often more than your car is worth.
    3
  29452. This woman is WRONG
    3
  29453. At 12:45 it looks like an ax murderer is behind you.
    3
  29454. We'll rent everything from the government and they'll pay all of the insurance and then we will REALLY be happy.
    3
  29455. Try Kalinka Russian place in Sunny Isles, food is outstanding! Matrioshka is good too! My favorite plaza! 👍 Thanks for videos! 😄
    3
  29456.  @MichaelBordenaro  my pleasure!
    3
  29457. You will have the best time of your life.. The US has phenomenal beauty. Every morning is a new adventure. We went cross country 6 weeks gone.. 25 or so National Parks. Looking forward. Thank-You.
    3
  29458. I need you as my reletor
    3
  29459. Great videos. Thanks. If you were going to live in the Miami area along the water which Oceanside area would you recommend?
    3
  29460. That IS NOT a crowded beach!!
    3
  29461. Prices for houses are still quite low in Florida and USA with comparison to Europe. They will not be lower they will grow at least 100% in next 7-8 years if not faster.
    3
  29462. You're a legend!
    3
  29463. But it gets cold during winter in St.Augustine, doesn't it?
    3
  29464.  @MichaelBordenaro  I guess i can take the cool temps, but most importantly, how many months a year can you swim in the ocean there?
    3
  29465. They're escaping New York and California, where the worst criminals are the government. Anyplace is better.
    3
  29466. Utah is awesome!!!
    3
  29467. YES!!! There is still some homestead land throughout the USA. We need the reinsertion of backbones people!
    3
  29468. You need to go to the world equestrian center.
    3
  29469. Thought you got some kind of a lift and you definitely don’t need it. You’re just perfect. The way you are God bless happy Thanksgiving by the way.
    3
  29470. Michael one day you have to go in Africa to see Kenya awesome savanah, Gambia breathtaking beaches, Egypt for the pyramids of course etc. that will compensate for the discomfort in hotels and the hassle with your languages. Thank you for sharing yr thoughts Michael you are a good story teller.
    3
  29471.  @MichaelBordenaro  Alright it’s all good 😊
    3
  29472. Hey Sam Brinkman-Fried, the FTX Thief/CEO just moved back in with Mom and Dad in Palo Alto!! And he's got an ankle monitor and can't even leave the house!!
    3
  29473. I wouldn't go the Venice, not much to see anymore
    3
  29474. If you would like to have 4% business tax or 0% capital gains tax, check out Puerto Rico Act 60. YouTubers might qualify for Act 60 for export services business. If you're trading anything that have capital gains (unfortunately, it does not apply to W-2 income), you might look into it. Just something to consider if you're in this group of capital gain earners or business income from export services. Of course, there are pro/con to live in Puerto Rico (U.S. territory) just like in Florida or anywhere else.
    3
  29475. Beautiful! Keep the videos coming! Every time I watch them, I feel like I have gone to paradise. You blend in so nice.😊😊
    3
  29476. 4:43 $5 to $7 price increase is a 40% increase, not 20%
    3
  29477. we're moving from honolulu to jax mainly due to the housing situation here. $800,000 in a desirable area of oahu gets you a tiny 3/2 starter home/shack that needs $200K in renovations.
    3
  29478. When I went on listing appointments 60 days ago, I would tell these sellers to stop looking at what has closed and pended and start looking at what is active and price aggressively. This is a race to the bottom now. Of course, they didn't want to hear that and many of them are either still on the market or have gone back on the market from canceled contracts. The greed was real and now the panic is real.
    3
  29479. Michael people taking on arm mortgages just simply have no patients and yes think they will never own a home. I think there are a lot of people today they have no idea what 2008 was like.
    3
  29480. Happy Thanksgiving guys!!!
    3
  29481. I guess the main question to ask re: those overpriced homes in that first part of the video is does their cost justify the area? I can understand if it is a nice area close to the beach or it supports good paying jobs in the area that can support the cost of living and expenses. If not, how can these homeowners justify the selling price other than due to inflation? It is soo subjective and soo unrealistic that people would just laugh these off. I live in the Bay Area (San Jose) and I can somewhat see why homes here are expensive to begin with due to limited supply and high demand and also because of high paying jobs being offered to mostly out-of-state workers. Perhaps I just don't know the area there well enough...
    3
  29482. Great advice!
    3
  29483. Wow big difference in price…crazy
    3
  29484. Nice. Never been here. Tampa is my favorite large city in Florida. Me and my wife are heading up to St George Island this weekend for much needed R&R.
    3
  29485. I live in chicago where there are no floods, hurricanes,earthquakes or tornadoes! I’m not paying for people to live where those are their risks. They don’t have to live there. They make informed decisions on the risks where they live.
    3
  29486. Living in Minnesota, moving out to Georgia next year.
    3
  29487.  @MichaelBordenaro  Thanks for your kind reply. It is beastly hot here now and has been for days. St. Augustine, why didn't I stay with you? We also have walking in common, Michael. I do a power walk 5 or 6 days a week in the evening when the sun is starting to set. My skin can't tolerate Florida sun anymore. Hope you stay safe and healthy while enjoying the Miami beach.
    3
  29488. better to wait for a shitload of foreclosures to happen
    3
  29489. Great video :)
    3
  29490. In southern Hidalgo, Mexico, you get badly burned if you stay out unprotected for 2 or 3 hours in the wintertime. The average temperature in January is 67F but we also live at 7800 ft above sea level. Also, even though it's 67F in January, I still usually wear short-sleeve shirts, especially when it's sunny out. Although, oftentimes I wear jeans and a long sleeve shirt because I can better protect myself from the UV light. However, I must admit that it is pretty cold at night(the average low is 42F, but it can go below freezing once in a while.) Inside the house, during the morning time, it feels very cold and I shiver because we have no heater, so it's not uncommon to wear winter-style clothing inside. It's such a strange contrast between too cold and pretty comfortable, depending on what time of the day it is.
    3
  29491. 3 1/2% unemployment rate? How can figure be true? 10 million illegals wondering around the country. How does DC count that mess?
    3
  29492. Thanks Mike
    3
  29493. Moving to Florida ? C'est mon Destin ^^
    3
  29494. We chose Port St Lucie because it is laid back and the home prices are still on the reasonable end. It is a 15 minute drive to the ocean, but if you want ocean front look at Stuart, Palm City or Jensen Beach. We chose not to live right on the water due to flood risk during hurricanes. PSL is high enough that you don not need flood insurance making insurance far cheaper that a coastal community. The economy here is good. I had a good job here withing a week of looking even during the pandemic. We also have a constant ocean breeze that moderates the temps in the summer. It is hot anywhere you go in Florida, but living close to the coast is a great help. We always have a good breeze even 10 miles in, and best of all we have sugar apples, orange trees, pineapples, Sapota(Chocolate pudding ), and dragon fruit cactus growing in the back yard!
    3
  29495. Michael Bordenaro Greetings. We would love to live on the ocean. Any suggestions please advise.
    3
  29496. Michael Bordenaro what area do you suggest we start looking in. I would love to start with an oceanfront condo.
    3
  29497. Good video!!
    3
  29498. GREETINGS MICHAEL 🌴🌄🌴
    3
  29499. Which one does short term rental?
    3
  29500. They may not need to work ever - if they plan staying homeless.
    3
  29501. Sadly most realtors don't know this stuff and it's by choice. Their only concern is getting a license and huge paydays. From the lack of the public's knowledge of real estate.
    3
  29502.  @MichaelBordenaro  I appreciate you taking time to give reasons why people leave. I’ve heard you mentioned how hard it is to make friends before. It really does sound like Florida would be perfect except for that aspect.
    3
  29503. Agreed, nice house at a reasonable price point with the potential to rent part of it. I wish more houses were in this price range in south Florida.
    3
  29504. Thank you very much for telling us we plan to move to Florida.we are not sure where ! Right now we’re in panama and waiting to sale we condo . 🙏🙏🙏
    3
  29505. Try 25% decrease.. minimum...
    3
  29506. Nice
    3
  29507. Man that was a cool video. I was not expecting a walking tour with a haunted house walk through. You two are so cute with how you relate to each other. I say that because of how you just follow her into what might be trouble. LOL Lizzy is spunky. She doesn't display much fear LOL I see that area gradually getting more upscale because of investors and residence chasing dollars. Very quaint and tranquil. Perfect for the quiet vibes. Hopefully modernizing doesn't lose that feel to that area, that would be a shame. It was getting late, hope you had your steaks on the grill and that wine. Your strip is is off to an awesome start. You should feel good. Peace dude.
    3
  29508. Mike. U. Need. A. Straw. Hat. With. Ventilation. The. Sun. Will. Doo. It's. Damage. !!!!
    3
  29509. Michael, I enjoyed the expose of your unconventional lifestyle. What you've chosen to do is get off the conventional train, so to speak, which is a destiny to ill health and no substantive location later in life. More importantly, however, you're doing it at an early age. And like investing, the dividends are considerably higher if you begin at the age you are right now. Too many people don't reap the benefits of an unconventional lifestyle until they've had a major health event later on in life. Some recover and make the necessary lifestyle changes, while many others do not and ride the train until the ultimate derailment. But the point here is that your lifestyle is not really unconventional. Rather, it's mainstream, so to speak, if you wish to add quality and meaning to your life today and in the in the future. But remember, the future is not guaranteed, so I prefer to espouse the belief that the future is now. And if tomorrow comes, it will be with a more advantageous lifestyle based upon the choices you make today. Simply put: you're making prudent lifestyle choices that will yield higher dividends today and in the days ahead. I just have one question, and that is do your own your residence? And, if so, what is the approximate cost of purchasing a condo like yours with proximity to the beach and a permanent and partial view of the ocean. For me personally, the proximity to the water in a highrise would be the cornerstone of tranquility in retirement living. I live in a house on the west coast in a traditional suburban gated community. I intend to sell and downsize with that single objective of back proximity in mind. Thank you and Merry Christmas.
    3
  29510.  @MichaelBordenaro  Thank you, Michael. I'm not averse to renting either, though I could afford to own. In any event, I look forward to pursuing that venture "unconventionally."
    3
  29511. California piers are free of course everything else is more expensive; gas, parking, etc.
    3
  29512. thank you for the information! I did learn something from your video! could you also share a bit more details about when you think the recession will come to us? and how we as home buyers prepare for it? thanks!
    3
  29513. Thanks for a very informative video . Would you say its time to cash out on properties bought back in 2008 and had already appreciated? I would love to know your opinion Thanks
    3
  29514. Michael Bordenaro Thank you very much for your input . Yeah I got condos in Hialeah that I bought for 40 k , now selling at 145k
    3
  29515. Hi Michael can you clarify for us if all of these houses are on city sewer lines, ie not septic systems and if they have gas lines vs only electric ? Thanks
    3
  29516. Agree about bars and clubs. Common interest is how I do it but I don’t look for friends but I’m outgoing and friendly so the possibility to make friends exists. Honestly I’m too busy as it is for friends between work, exercising/ gym and surfing I barely have anytime even for a girlfriend let alone friends. Coronavirus saddled me with debts after I got laid off in California during the summer so I’m working M-F and weekends. I agree Florida has bad drivers not just Miami. What I wear when I’m my motorcycle is helmet, shorter length gloves not gauntlets like I do in San Francisco a high end mesh jacket and boots. I skip pants to limit the summer heat but I wear custom motorcycle padded jeans $500
    3
  29517.  @MichaelBordenaro  I actually bought my Italian Dainese $500 mesh motorcycle jacket in Miami despite there being a Dainese store in downtown San Francisco because I was in Florida that summer and my leather jacket was too hot. If it rains or if it’s TOO hot I drive my car or back then my truck. Motorcycle is great for parking but dangerous in bad driver traffic especially in the rain where drivers don’t see you. Out in California I do what you recommend and ride in remote mountain roads
    3
  29518.  @MichaelBordenaro  unfortunately no way to post pictures but yeah I could see San Francisco and the Pacific Ocean riding my motorcycle in the mountains across the San Francisco Bay or down in Los Angeles the pacific coast highway ocean views
    3
  29519. Thanks for another highly informative video. I told my niece to consider being a tax attorney; I'm not.
    3
  29520.  @MichaelBordenaro  Yeah, nicely updated bungalows would go under contract within a week. I had to take a break from looking daily. We will be patient and hope that things level out.
    3
  29521. Very informative. I'm currently retired, but was laughing every time you said 'dead'. Truth:)
    3
  29522.  @MichaelBordenaro  You are absolutely right, I need to get a different mindset in place 😊
    3
  29523.  @MichaelBordenaro  HAPPY New Year to you and yours!! Wishing you the best ever in 2022!!! 🥂🥳
    3
  29524. Great video man
    3
  29525. Hi Michael how bad is humidity in St. Augustine in comparison to Fort Lauderdale was very humid for me when I visited in early September. Thank you
    3
  29526. You feel the humidity for 5 months of the year in St Augustine and as Michael mentioned 7 months or more in Miami and as he mentioned night temps drop in St Augustine but stay high in Miami
    3
  29527. I wonder if those buyers/flippers are foreigners trying to launder their money from overseas? How many Americans can fork out 2x $3 million for houses to flip? Did you read the article on zh describing the Swedish Government Pension Fund losing over $2 Billion due to its losses on USA bank investments? Those managers are supposed to be "the experts" also with hi-priced MBAs?!
    3
  29528. Whoever disliked this doesn't want to help this man follow his dreams. Smh
    3
  29529. The reggaeton shade! 😂
    3
  29530. They've been propping up this economy for Biden. Trump gets elected, they'll let it crash and, of course, blame him.
    3
  29531. How hard is it to make friends as a newbie in Miami & surrounding areas?
    3
  29532. I like this format. Do West Coast, and Panhandle area
    3
  29533. You make great videos!! Very informative. Thank you Keep it ☝
    3
  29534. Mike did you do ocean view rentals for 3 or 4 months at a time yet ? On the east side when you do I will contact you for your knowledge. Keep up the good work I enjoy your videos thank you very much cat
    3
  29535. Yes pls
    3
  29536. The one San Francisco guy {he’s moving to Texas} I know who now makes his living doing Youtube videos took about 6 years to finally get 100,000 subscribers but his first couple years he was just posting videos for hobby randomly without any planning. Around 2017 he started getting more serious about his channel
    3
  29537. West coast Florida man here. The east coast of Florida is crazy over populated and yes, you will get in an accident there. However the west coast from Marco Island up to Tallahassee, maybe not including Tampa, is a lot more chill, the housing market is still booming and yes people are moving here in droves as well, but not to the same degree. I think if you moved to the east coast all of what he said applies. But the west coast is still mostly old school florida
    3
  29538. Remember me when you get really fame📈
    3
  29539. I came to Florida on vacation and loved it now i want to move there but want to make friends that will help for when i do move so they can help me with work and ect
    3
  29540.  @MichaelBordenaro  i left a comment in one of your other videos. I seen the video about moving with no money like if i moved to Florida do they have places to sleep cause im sure u can't sleep on the beach. Could i sleep in my car with out any problems tell i can get a place. What would be your advice ?
    3
  29541.  @MichaelBordenaro  ok thanks man
    3
  29542. I have always seen living anywhere above three floors as too risky - especially without fire escapes.
    3
  29543. I could not live in a high rise. My fear of heights affects me physically. The blood will drain completely out of my hands and turn completely white. It's hard for me to use elevators for just a few floors.
    3
  29544. I would never live in a building. I did it for a year and didn't like it. I preferred a house or townhouse with a little patio.
    3
  29545. I have a large dog so high rise isn’t my kind of life. I live by the beach in CA in a 2 story townhome. I’m very happy having a patio and porch.
    3
  29546. I like the house. Needs some updating like you said. I wonder what it would be worth after it was fixed up? or is the price the highest it could sell for.
    3
  29547. You didn't lose!! You made the best decision at the time with the information you were provided. That's a win. Nobody has a crystal ball! You'll never go broke taking profits! Selling mine next week
    3
  29548. Snakes in Miami Beach?!?! Hell naw!!! When I get down there I'm exterminating all of them lol
    3
  29549. My best guess is that America will fare better than the rest of the world in '23 by having only a mild recession; but there will be higher unemployment, more bankruptcies, more vacant stores in malls and on main streets, lower real estate prices, more properties for sale, and more short sales.
    3
  29550.  @MichaelBordenaro  I'm assuming you're not a broker with your own brokerage.
    3
  29551.  @MichaelBordenaro  I know a few Realtors in the Cocoa Beach Melbourne area. I will touch base with them and see what their brokerages are like
    3
  29552.  @MichaelBordenaro  I totally agree the headache part and the work life balance.
    3
  29553. I bet the hills look strange too you :P
    3
  29554. Great Interview...Terrific Intel and Perspective.....Thank you Nick and Michael.....Happy New Year !
    3
  29555. What do you think of West Palm Beach?
    3
  29556. Sure, it the recession grows enough it will become a depression. Negative growth.
    3
  29557. After living my life in Manasquan nj, Belmar,Asbury Park, I need a break from being overrun.when the beach is used up by 10am on a Saturday.. No beach in Fla is as congested as a NJ beach.. Picture an Ulta festival.every weekend in the summer.. More I watch these FLA looking better.
    3
  29558. And people begged me to refi from my 5% fixed / VA to one of these....hahahaha....nah.
    3
  29559. But even if they click the link, its asks whether they are referred by a friend and they need to enter my email address. not everybody knows my email address. What do you say about this?
    3
  29560. Make videos hitting the haulover sand bar like fresco channel 🤘🏼🤘🏼
    3
  29561. Thank you Michael for the interesting information you share. We purchased in a 55+ community over a year ago in Lakeland. Prices have skyrocketed since. Do you think the prices in 55+ communities will see price cuts also or is that a different segment/demographic of the overall market?
    3
  29562. This helps and it is informative for me 🙌🏻
    3
  29563. It’s nice to see the rest of Surfside. Looks like a nice “town”. I say “town” because they say it’s the Town of Surfside, but it’s in Miami-Dade which I consider to be just one big city. A little too crowded for my taste but it’s nice to see an area of South Florida that doesn’t allow buildings taller than 12 stories, mom and pop stores, and is well maintained. I’ve been watching a lot of videos on the possible reasons why Champlain South collapsed. I have also been looking at comparisons between the North, East, and South buildings. Even when you’re walking south on Collins Ave, Champlain South sticks out like a sore thumb. It looks dilapidated compared to all the buildings around it.
    3
  29564. New 2024 budget 4000 a month.housing, 600 car note, health 400, car insurance 250, food 300, etc. As a single person no wife. 300,000 house or more. THE MATH !!
    3
  29565. Happy New Year Mike! Cheers to finding your awesome content on YouTube this year, and much more to come
    3
  29566. Very informative! :)
    3
  29567. you think Miami is expensive ! haha i’m aussie from sydney wanting to buy a property in miami. a studio in miami is the price of a place over 30-40 mins away from a city centre in sydney. it’s crazy expensive here. in miami people travel all year round to that city wether u want to rent or put it up as an airbnb you will make profits. I think its good to buy there if you can afford it and want to live there, it’s better to buy a place than to rent it to live in.
    3
  29568. Michael Bordenaro yeah but at the same time if you wanna but a property to live in ur not gonna choose to live in a worse area in hopes of earning slightly more profits, i think a mix of cheaper and more expensive investments is good. we’re not talking millions here (at least i’m not)
    3
  29569. Who the heck wants one of them anyway ! Keep up the videos Michael, you have great insight and knowledge
    3
  29570. I bet they find a way to defer student loan payments beyond the election.
    3
  29571. People have no idea their property taxes are going to be way higher than the previous owner’s. Lots of people are just dropping insurance if their house is paid off which is sad.
    3
  29572. Great job sir
    3
  29573.  @MichaelBordenaro  yeah Sacramento. I’m finishing some last minute home improvements otherwise I’d list it today. Needs new living room carpet and interior paint. I could list as is but will hurt on that end. Tempted to list now anyways.
    3
  29574. How much gold and silver did you own before you started videos?
    3
  29575. I would take San Diego over Miami if it was cheaper, even LA
    3
  29576. Ready to buy in Florida and waiting
    3
  29577. When there are no good news (anymore), every news are the bad ones.
    3
  29578. Hi Michael ! I like your cold open ! Lol !! 😹 So it has begun !!! 😾
    3
  29579. Hearing stories about people like the woman you mentioned makes me sick. I make a third of her salary and live debt free in my own home. I never spent the whole paycheck. I may of if I had kids but provably would work a tougher job and make almost half she does. Life is too short to worry about such things. Oh yeah, good move on gold and silver. Been buying the stuff since 2013. It absolutely was the right move with crappy interest rates from 2008 until this year. I finally get good interest these days. That’s something worth talking about
    3
  29580. ❤ 🤘🤘❤
    3
  29581. Once “freak nick” moves out of town, things should calm back down for ya. It used to be in Atlanta but as always, it’s gets completely out of control with lots of violence and looting. Admittedly, I’m very jealous that you get to enjoy South Florida.
    3
  29582. Hermosa Beach, another place you have visited where I used to live. Had a place just off the strand. You should consider in your comparison is early summer, primarily June to around early mid July, there is lots of fog. It’s referred to as June gloom.
    3
  29583. Corona Del Mar/ Laguna Beach----that is living if you can afford it and VERY FEW can without being stressed 24-7.
    3
  29584. Michael, I loved this video even though the Deauville being demolished is really sad to me and all of my childhood friends... Many Childhood parties and BarMitzvas were held there when I grew up back in the early to mid 70's, and Miami Beach High even held an event there for it's 75th Anniversary some yrs back that we went to. I actually already thought it had been imploded, and was surprised to see that it was still standing. I vote yes to see the footage of this Miami Beach Icon going down. And Since we live in a Highrise and my dad does as well, the information that you put out there today was very interesting to me!! Thanks for all you do, I love your channel!! :)
    3
  29585. I'm still watching. I'm trying to buy if an opportunity presents itself here in FL as the investment firm who bought up my apartment community raised our rent 30% and haven't decided yet if they'll be raising it another 30% next year. I have a list of homes throughout FL saved on Zillow and notice around 10 or so every week are sold so my list has dwindled. Surprisingly, people are still buying but then again I'm not sure if these are all investors or people paying cash or people willing to pay elevated prices AND interest. The fact that people like Jeff Bezos are getting into buying residential property is enough to make me feel hopeless. How can regular people get ahead under these circumstances? Even if the home prices drop, won't the 'investors' just buy those up, too?
    3
  29586. That was very enlightening. Thank you very much
    3
  29587. Thanks for the great video.
    3
  29588. Plus Michael you might be competing with tons of other people for the cheaper apartment. More pain.
    3
  29589. Sadly materialism can have a powerful grip that takes hold and takes over to keep up with the Jones' I learned long ago that chasing money doesn't bring joy and money can come and go in an instant. Our goal is to leave a legacy to our kids that teaches them how to love others and when we see a need and have the opportunity to help then do it. Nothing we accumulate here on earth can or will be going with us with our last breath so instead of focusing on things I choose to focus on people!
    3
  29590. That's a good question! For me, I'll stick with Miami Beach.
    3
  29591. Everything is up gas, oil, food, water electric, a regular person will soon not be able to afford a home 🏠.
    3
  29592. Set up a 13 Month repayment plan over a 12 Month Period as an option is by far the best way to take a 30 Year mortgage and turn it into a 15 Year mortgage. Really is that simple for those trying to negotiate a repayment plan with Banks right now or what qualifies as a "lender" these days anyways.
    3
  29593. Michael Bordenaro it is philly
    3
  29594. Spooky for sure! Different world from when I was there for the boat show. Perfect song to accompany the apocalypse footage.
    3
  29595. Japan introduced the infamous 100-year mortgage back then. There are 40-yr, 50-yr mortgages here in the USA, and I won't be surprised to see 40-yr, 50-yr mortgages becoming common. That's how the system wants you to hook up with the Matrix and worship Capitalism.
    3
  29596. This is one of the towns I've considered. If I sell my car to move, I might need a walkable, bikable or bus line kind of town. My history is with sth Fl though.
    3
  29597. Plus, most banks will not cover you for fraudulent transactions made through Zelle.
    3
  29598. Hiiiiii!!!🤗 Thanks for being here with us!🙏🤍🫶
    3
  29599. You should spray paint every car blocking the sidewalk
    3
  29600. 100 % Correct on All Points
    3
  29601. @Michael Bordenaro Can you show us some cases of expensive homes in Miami that have sold in the last couple of weeks? Would be interesting to see reasonably priced situations.
    3
  29602. I saw a video where huge fines were issued to homeowners who did not leave their garage doors open all day long. It’s totally ridiculous!
    3
  29603. What's the name of the elementary school?
    3
  29604. Great content! Dropped a Like! Thank you
    3
  29605. Have you looked at Jacksonville Beach? the water's kinda gross but you get a pretty laid back beach life while still being in a major metro area. Oh, but -J-ville is MASSIVE (like the size of Miami-Dade county) and takes forever to get anywhere with or without traffic. Also, the airport is far away and not many direct flights to anywhere you'd want to go
    3
  29606.  @MichaelBordenaro  I feel ya. I grew up in Jacksonville and moved to Fort Lauderale 10 years ago and my favorite beach spots are still on the gulf coast: Venice, Sarasota, and Port St. Joe. All MUCH more chill than south FL BUT there's not much to do after sundown. Port St Joe is a sleepy little town between Apalachicola and Panama City Beach that's right next to Mexico Beach (that got crushed by Hurricane Michael). I think moving there as an active young person used to the pace of south Florida could experience too much of a culture shock (what do you mean Publix is closed?? It's 9pm!!) but could see myself retiring there and chugging around town in an old pickup truck with a few fishing poles in the back LOL. Actually, port St Joe doesn't even have a Publix, they have a Piggly Wiggly! (think redneck Sedanos)
    3
  29607. Excellent, Michael. No system analyst would allow a single point of failure! Nobody should be forced to a single point of failure! A system that has natural gas, gasoline, and electric is sublime. Any systems depending only on any one energy source are set up for catastrophic failure!
    3
  29608. What do you think of Dunedin? Rented there twice and looking at condos though waiting for the market to cool down first. Best thing is the small town aspect plus the 'Jolly Trolly' shuttle which for $5/day (or less if you buy a seasonal pass) can take you to from Clearwater Beach all the way to Tarpon Springs. No need for a car per se because it stops at or close to shopping areas, etc. Basically a small, laid-back, and safe family town. Do you agree?
    3
  29609. Thank you for sharing from down there in Florida.
    3
  29610. looks like you are a little to cozy. remember , only a fool would buy and rent in california, your own words. take your friend and run out of that crazy state. if you drink to much of their coolaid that could work against your reasoning. really, just joking and have a good time on your vacation. work with your girlfriend on future videos as many are interested in her opinion. thanks
    3
  29611. Glad I bought pre construction in 2000. I couldn't afford my condo these days.
    3
  29612. Michael, Once again, Thank you for the wonderful videos you have made, I have learned a lot by watching your videos, looking forward to your next video.
    3
  29613. That's why they call it the American Dream....because you have to be asleep to believe it.
    3
  29614. It is really a breath of fresh air to receive informative advice about home-buying. Totally agree with not rushing into making major decisions when we are currently at a worse point. Great advice! Keep up the good work.
    3
  29615. Stress can have a huge impact on your health and it can actually lead to physical issues. If you feel better moving, then move. Maybe it's a sign telling you it's time to go elsewhere. I would listen to that little voice. Often that little voice can save your life. And don't feel bad about the anxiety this tragedy has given you. It's given me anxiety too and I don't even live in Florida (but I do watch lots of youtube channels from there). I live in an apartment on the second floor of a 2 floor building in Wisconsin. I do have anxiety about heights and would never live in a tall building and I avoid elevator at all costs! Don't trust them. But since this event happened it has put new ideas in my head. For one I never realized that big buildings had garages under them. Or that they could fall without warning!! 😳 I do a lot of walking. I don't drive so I walk everywhere. Almost. But I saw that and I think "what if someone had been walking by when it fell?" .... And I watched this other video today from this lady that was on vacation in St Louis. It showed big skyscrapers. Only thing I could think of was the buildings falling over!! 😳 Because I had thought before you needed an earthquake to knock a building over but clearly not! They can come down from neglect. And lots of owners are cheap. Scum landlords! And yes, I was in the basement earlier checking things out. I watched lots of videos from that one other channel someone had recommended to you. By the structure engineer. He talks about lots of stuff in his videos. Very informative.
    3
  29616.  @MichaelBordenaro  😁😃😀🙂
    3
  29617. What can stores do to try and fix the problem you hire a police officer by the door a good majority of police officers do side jobs for extra money those thrives see a cop at the exit might rethink or go to jail I've seen police at Walmart standing by the door waiting for thieves and calling back up and off to jail they go
    3
  29618. Yes thank you for discussing
    3
  29619. I have been to Denver several times. Wasn't impressed at all. I prefer the country parts of Colorado. I was in Mesa Verde. Loved it there. I also liked Durango when I was there.
    3
  29620. You should have posted that "Grind My Gears" infographic from the TV show Family Guy.
    3
  29621. Are you more East coast or West coast?
    3
  29622. That FSBO is because no agent would accommodate their delusion!! Lol. Some people. 👌 wow
    3
  29623. It’s the fiat Ponzi money SCHEME DUH!!!!!!!
    3
  29624. love your content and walking outside is very cool, but i get distracted by the scenery and forget to listen to you sometimes. just my 2 cents, keep up the great work informing people.
    3
  29625. Cash all the time except online transactions, that's me living in Australia
    3
  29626. Not to mention what all those mortgage backed securities are worth now when they were bundled at 3 percent interest rates!
    3
  29627. Hello Michael , how much spend on first purchase, is it ok buying 1$ ebook?
    3
  29628. Can you play ac/dc music? :)
    3
  29629. Hi Michael. You hit upon a pertinent/ sensitive topic at the 18 minute point in your video: Due diligence on prospective condo purchases. I'm in that mode here in Atlanta right now as I shop for a condo here. My question is: did you do other videos where you focused on condo purchasing? I'll look forward to your reply and wish you best luck-and mostly health-in this precarious era we're experiencing.
    3
  29630. so, if you rent a condo, do you still pay the hoa fees, or is that incumbent to the owner of that specific condo unit?
    3
  29631. Moving to Florida in September !!!!!
    3
  29632. I’ve been married 40 years, since we were 20. As we speak, we are moving for the 14th time, and we have plans to move to Florida in 2024. The last 13 times we moved, it was supposed to be the move into retirement. SH!T HAPPENS. Some of us were forced to move out of New Jersey and need to move and keep moving the moment you get mail under your birth name.
    3
  29633. Great educational content sir💯
    3
  29634. Hey Michael, check out Culture Estate on YouTube if you haven’t already.
    3
  29635. you mentioned that you would not live in Jacksonville; what wrong with it; I've been to both Jacksonville & St. Augustine and I find both beaches are similar; are there more crimes in Jacksonville area or is something else you don't like about it?
    3
  29636.  @MichaelBordenaro  Thank you for your reply and its a valid one. I do like your top selections of nice places to live in FL. I also like Siesta Key Beach with the white sands, but its a bit more foofoey and isolated from the rest of the life style Florida has to offer.
    3
  29637. if I move to south florida and either live in a house with a grassy backyard and pool or even a condo is it safe to walk two small dogs at night or are there snakes in the bushes/everywhere?
    3
  29638. Paint Protection Film, and under the car twice a month use a washing machine and apply diesel, or a little more expensive products for corrosion. it's the only way to protect
    3
  29639. I am wondering if these houses actually SELL for those prices or if bidding wars drive the prices up. I found a house I liked on the west coast of FL but it actually sold for 25% MORE than the asking price!
    3
  29640. Great info on all of your videos , I would not get into a property with HOA and regulations if they would give it to me for free , miami is cool but not worth the cost , north of florida is the best property wise you can get a 2000 sf house with an inground pool in excellent neighborhood for 240k , try that in miami , but it all depends where you wanna be and spend I guess , cheers
    3
  29641. You guys shop at the same sunglass shop :)
    3
  29642. What is your background? I hear a French accent?
    3
  29643. First!
    3
  29644. Michael...the private sector runs economic activity. They also own government
    3
  29645. I have a feeling we are headed for 10 percent interest rates.heys your house is still a tax deduction.
    3
  29646. Are there updates on how many active real estate agents there are? Curious how many have quit the business.
    3
  29647. Robin and Larry, WGN 😍. You hit the bigtime ! Great videos btw, Chicago local transplanted to South Miami.
    3
  29648. Exactly, we’ll said Michael 👍🏻 Great video
    3
  29649. man I havent walked on the beach since last year. It's sad because I live 10 mins away.:face-turquoise-drinking-coffee:
    3
  29650. Banks where raising their rates even before the feds ... some of that increase is already built in so maybe not as bad ....long term as your saying.
    3
  29651.  @MichaelBordenaro  Are you seeing any signs of the market slowing down in Miami? I still see some homes go pending within days to a few weeks.
    3
  29652. Great topic. I have quite a few neighbors and friends that split their year up by living in South Florida in the winter and spending the summer months on Cape Cod where I live. I wish I could go with them when they leave in November as the winters here are horrible. But as you know no place is perfect for one reason or another. I’ve learned how to adapt to the winters and enjoy my home year round. I know what you mean about the beach, when I moved here 30 years ago I went to the beach all summer long. Now hardly ever and it is 10 minutes away. Not so important anymore, but it’s nice to know that it’s there.
    3
  29653. Great video !
    3
  29654. Politicians wont change it..they want their vote and would be called racist.
    3
  29655.  @MichaelBordenaro  Yipeee!!
    3
  29656. what type of amp is that behind you?
    3
  29657.  @MichaelBordenaro  Thats awesome! mine is half the size of yours. Im moving to Orlando soon and ive been looking at pros and cons of living in Florida. I liked your video the most from all the ones I came across here. Keep rocking brother!
    3
  29658. Very good analisis Michael. Thanks
    3
  29659. Great topic, tbh I think it’ll continue to go up. It’s also happening in Texas, as well. Thanks Michael!
    3
  29660. Your videos are super helpful for people considering re-locating to Miami, thank you. Appreciate your sincerity as well.
    3
  29661. Yep..if it's a Highrise in the Stadium area, then that's not as unsafe? 😳
    3
  29662. If a n*ke goes off in the Russian Ukraine conflict, if China makes a move on Taiwan, or if there's a currency collapse or bank failure, I think your estimates are rosy. Barring one of these or another black swan, your estimate are fairly accurate. To me something is going to break, at some time that is unpredictable. If it happens within a year, your estimate is highly optimistic.
    3
  29663. Nice interaction
    3
  29664. If I was a betting man, I'd give this $4it show of an economy 2 years max.
    3
  29665. Stunned by price drops in EVs? Wait until you see the cliff dive Tesla stock will take!
    3
  29666. Nice video, good lesson........Positive Attitude is everything !........Happy New Year !....
    3
  29667. How about a video about which side? I'm considering Tampa or Jacksonville when I become an empty nester.
    3
  29668. I predict demand for condos in Florida will never come back to pre collapse levels.
    3
  29669. I agree , but would think 2024 will be even better than 2023 , with rates as high as 7% , unless buyers come in with cash . I see affordable opportunity again in Florida .
    3
  29670. FL has the highest unoccupied dwelling in the nation. Institutional investors bought their fair share of them. These properties will eventually be rented out, but with rental prices as high as they are now, developers are not going sit on the sidelines when there’s money to be made. An apartment complex provides a great return on investment and only gets better over time as rents gradually increase.
    3
  29671.  @MichaelBordenaro  true. If too many rentals make it to market and we have high interest rates and people choose to wait it out home prices will correct themselves. Love the motivational speech by the way. If want something bad enough and you’re willing to work hard and make sacrifices home ownership is attainable. I’m living proof of it. I had to go back to school in my late 30s to learn some new trades. It was hard work and hard on my family, but it’s paying off big now. Just waiting for the housing market to change before I buy. I think Miami is great example of how people can start with nothing and still achieve the American dream. I admire so much the people the people who come here with just a suitcase and within years own a home.
    3
  29672. Oh Michael, you're not telling me what I want to hear--but the truth. I left the SC coast 4 yrs ago for economy reasons. Living upstate is much cheaper but it's so cold & I'm pining for the beach. I'm depressed because it doesn't look like I'll ever be able to afford to move home again.😢
    3
  29673. Are the houses in a prestiage area, high ranking school district, or in the elite zipcode?
    3
  29674. Sedona is very nice but very very crowded. There is bumper to bumper traffic every day. I live just down the highway in the Phoenix area and every time I go there I get stuck in traffic.
    3
  29675. Including me anytime soon ! I’m watching your video learning a lot from that States of Florida before heading out to live there so much affordable and free spirits of green natures! Thank you indeed for your time consuming about sharing this video ! God Bless 🙏🏽💐🌳🌴⭐️💕💕
    3
  29676. Your wife needed your shades Michael lol! Thanks for the video again bro. What we hear from the talking heads you mentioned in this video is them being manipulative liars conning people to make bad financial decisions
    3
  29677. CRASH HELMETS ⛑️ ON!!
    3
  29678. Wow very informative video! I am looking to buy a studio condo at the Roney Palace as an investment, not sure if you're familiar. It's luxurious but I do see many condos all over Miami listing for rent or for sale. I'm planning on negotiating to buy around 2012 prices, is that a good idea? My biggest concern is if it'll rent, do you know if condos especially waterfront are easily renting or is the demand low?
    3
  29679. Whats the real process to doing real estate down there ?? Realistic salary?? Should I get my lic here in N.Y. first or wait till I get down to Florida?? Any 💡 would be a good help thnx im a new sub
    3
  29680.  @MichaelBordenaro  ok I will thankx (MB) I can feel the honesty threw your vids alone I can imagine in person keep pushing bro your living the dream👍 keep the vids coming!
    3
  29681. Most cannot save when renting…. So the wealth never comes and they retire in poverty. Buying forces equity and wealth growth generally. After 30 years the difference in net assets is clearly in favour of those who bought.
    3
  29682. 🔥🔥🌟
    3
  29683. what about cape coral ? sanibel ?
    3
  29684. FYI, I don't think there are any deals in the stock market right now. I think we could just be in the 3rd or 4th inning.
    3
  29685. Miami is nice, I often visit from Costa Rica. The homes you are showing in this segment, would be equivalent to homes in Central and South America Barrios.
    3
  29686. I love your video. Well explained and very professional 😊
    3
  29687.  @MichaelBordenaro  yes of course
    3
  29688. Michael, another informative and eye-opening video. Thank you for your diligent efforts.
    3
  29689. Thanks! Happy birthday Michael. Get yourself a coffee & app. Love the content.
    3
  29690. Great weekend discussion, Michael. Thank you!!
    3
  29691. 👍💯
    3
  29692. Great video as always Michael, one thing I noticed on the homes you were pointing out is the number of views and very little saves on the property. Could be that the price is too high or something wrong with the property, but a very interesting statistic
    3
  29693. Nice car's in America
    3
  29694. The price of capitalism. There are always winners and losers. My beloved Miami-Dade is going to get hit hard. Prepare for 40% from Key Biscayne to Opa Locka. As the late Don Merideth used to say " turn off the lights, the party is over"
    3
  29695. I clawed myself out of a deep 2008 hole. I’m killing it in the market 😮. In three months I’ve made enough to pay my property taxes, insurance,special assessment,and a fat wedding gift for my son/daughter in law. 😮 my jaw dropped.
    3
  29696. Love your videos, have a wonderful 4th of july🇺🇸
    3
  29697. Happy Friday Michael! Wow! A long sleeve! Who knew! Lol! Enjoy!!
    3
  29698. When comparing cost of ownership vs. rent, please be sure to calculate after tax cost.
    3
  29699. I agree! He knows the market and provides lots of proof to back it up! People need to listen to him. I wish he could sit down with some of these crazy buyers and talk some sense into them. Obviously their realtors aren’t helping them.
    3
  29700. I like your criteria you set out for beaches in your review but realistically most people will go on weekends. When I mentioned Marina Del Rey I meant the beach since Santa Monica water quality can be bad especially after storms and rain. Have you visited La Jolla in San Diego?
    3
  29701.  @MichaelBordenaro  I laughed when you said how much you hated crowds. I’m the same exact way. Even other places besides the beach. I can enjoy crowded entertainment event or venue for a night but not day after day. A friend asked me to come work on the Las Vegas strip and I said no to heat and crowds but this was before Coronavirus
    3
  29702. I'm guessing it's much different now since you used to live in Cali. Since Bryan lives there I'm sure the tension is high among the locals and people are so secluded and unfriendly. I live in Oregon so I know what it's like to live in an extreme blue state. Tension and attitudes are not great. I've been harassed in businesses since the shift. It's insane. Why I'm looking into your lovely, open state! I love all the reasons everyone is giving in this video. I agree 100%! I actually never heard of any of the youtubers lol but I liked what they had to say!
    3
  29703. Hard to fix. There have always been saver-investors and spenders. There are always more antelopes signing the front of checks than leopards signing the back of checks. Being an antelope or a leopard is a conscious decision.
    3
  29704. You need to load an app that identifies plants. Gives you a jump on what you want and don't want for your future yard.
    3
  29705. Indeed he is!😍😄
    3
  29706. You bet they do, my son was hybrid the last year and not only does he have to go back into the office now but they just announced NO RAISES this year!!!!!!! He is stuck, he rents but still getting screwed over!!!!!!
    3
  29707. I can’t afford a box under a bridge at this point
    3
  29708. I have A Good One for You, This is Totality Bonkers, Good video Your spot on about being Prepared. Like Scott Walters says stop drinking the KoolAid...
    3
  29709. Hi Michael! You hit the right spots for your prediction for the house market value will be crashing
    3
  29710. $6 grand??!!🤡🤯
    3
  29711.  @MichaelBordenaro  sounds waaay more reasonable 👍
    3
  29712. The TRUTH is very important to know!
    3
  29713. Belvidere? whaaaat- we were neighbors! I am in Elgin
    3
  29714. Home buyers used to be clients . Now they are customers.
    3
  29715. When we vacation in condos the thought always crosses my mind well before sufside
    3
  29716. Fed just raised rates again 0.75 pts
    3
  29717. Happy new year
    3
  29718. im considering driving from quebec to florida in the next month for a short stay to see who is it to live there few thing i learn about your video is the tax part here we pay 15% of tax on every purschase , our fuel is pretty cheap , plating and registing a vichuel seem to be cheaper out florida witch is nice as a cars guys any tips on witch parts would be best for a stay-cation
    3
  29719. Interesting how you say we’re carrying record amounts of cc debt. Beginning of pandemic, everyone seemed to be paying it off at alarming rates.
    3
  29720. Smart is empowering, patience is a golden virtue, education is key … Thanks Michael / please keep adding pieces to the puzzle
    3
  29721. Hey
    3
  29722. Grateful we bought in the early 2000’s. It is tough out there! Thanks for this video in the pretty area.
    3
  29723. Hi Michael, I just left California and moved to Arkansas March 31st. And plan on moving to Florida next year early 2022. I plan to visit this May for about a week and get a little of florida. Looking at moving to Ocala or Fort myers, somewhere relatively safe and affordable and away from the crowds. Thanks.
    3
  29724. Personally, I enjoy the dry heat of the west. I definitely prefer it over high humidity because high humidity feels gross and it feel like 10 degrees warmer than it actually is. My ideal weather Southern California by the ocean!☀️🏝🏝☀️
    3
  29725. Good job thank you
    3
  29726. % of foreign cash buyers o total cash sales?
    3
  29727. 15:15 Your welcome Michael (I sent you 1,500 subs.). I think it looks good on the right side of the Joker. I suggest going to Michael's and getting it framed with maybe some LEDs. Take care 😎🍿
    3
  29728.  @MichaelBordenaro  from my first job under 18 on it never got better
    3
  29729. Do not worry, gas prices will be going way up. Spr is empty.
    3
  29730. I've always wanted to visit Colorado! I love the Mountains too! I remember Red Rock being in Horizon Zero Dawn too lol! That place looks like the perfect area to do a concert! Shoot i'd love to go to a Cold Concert with that mountain view in the background!
    3
  29731.  @MichaelBordenaro  I definitely gotta visit Colorado now! I'd rather stay outside of Denver when i go lol! And yeah it was! I think horizon 2 is coming february 2022.
    3
  29732.  @MichaelBordenaro  haha heck yea that trailer did look dope! I'm gonna preorder it and buy it day one too LOL!
    3
  29733.  @MichaelBordenaro  haha i still gotta get ps5! Its so tough to get one!
    3
  29734.  @MichaelBordenaro  haha that's whats up man! I'm glad you got that ps5! Hopefully they'll release a big batch this holiday and i can get one by Christmas time lol!
    3
  29735. Awesome content. What do you think of the pompano beach area for investing?
    3
  29736. The Stretch between Ft Pierce - Port St Lucie - Palm Beaches would be cool to see the comparison/contrast. Thinking of that area for my next AirBnB on the log pile.
    3
  29737. It makes sense to rent even if you can pay cash right now
    3
  29738. 1k square feet for 180 k... no sir
    3
  29739. The old church used to go to that used to be my old daycare
    3
  29740. Hello! I'm saying that was some beautiful scenery. All the colors and I could almost feel the sand between my toes. Great one today with the content as well.
    3
  29741. This is the kind of beach I love , it reminds me of the Caspian beaches in my country of origin, the sand , the shells and the dunes, gorgeous. 🙏🙌👏🥰 all the way from Canada
    3
  29742. HELOC on the rise! Beware of risks. Read today’s article in WSJ and discuss on your channel.
    3
  29743. Practical wisdom about living and surviving in this current economic environment.
    3
  29744. Thank you for keeping politics out of your contents. I really appreciate you and love getting great insight.
    3
  29745. I think your right about those mortgage backed securities. Follow the money.
    3
  29746. Thank you for posting...
    3
  29747. Millennials, Zillennials = We are fuuuuuuuuuuuuuuuuuuuuuuucccccccccccckkkkkkkkkkkkeeedddddd 🎻😢
    3
  29748. 2:20 that honor goes to Wilshire tower in la.
    3
  29749. It’s no secret, the Govt will be leasing most homes and condos back to the public. This is the initial stages of the collapse of private home ownership, but it’s happening. REIT’s are tied directly to the Govt. Once the banks collapse, builders will stop building. It’s not going to be pretty.
    3
  29750. I think my biggest concern with Miami is jobs and language barrier
    3
  29751.  @MichaelBordenaro  is the language a day to day issue in Miami for you? What was the best way to get a job there?
    3
  29752. In California you are able to steal less than $1,000…..legally
    3
  29753. And btw, I look forward to every video you do. Thank you for the videos!
    3
  29754. Your info was very beneficial, Thank you
    3
  29755. Michael, My house is worth 400,000 to 425,000 currently in Bucks County PA. That is the northern suburbs of Phila. or extreme southern suburbs of NYC. The best feature of this house is it is paid for. It took me ten years after purchasing to pay it off. When I bought it was 89,900. If I had the house paid for at 89,900 I could sell it and move. Today at 425/m I don’t know if I could sell it and move. Certainly at best I would still need to start with a mortgage. At 74 I don’t think it is a good idea. My daughter in Jan/22 got a condo in Louisville Co and for around 475,000 and that was a starter place. A town home,twin,or single cost more. Denver is a pricey area. How do people afford that. I guess they have good jobs and have to be careful what they spend. I prefer to live below my means. Like I mentioned to you I work to live, not live to work. If I owed any money it could cause anxiety and or depression or both. Freedom is being debt free. It is not only what you earn but what one owes. If you want to try an experiment randomly ask strangers to name the first 10 amendments to the constitution. I did it on WABC 770 am and nobody could. I also did one on what you think you own of value. I got some answers, my house, my car, and my savings. If you don’t pay your real-estate taxes, no house. Same with the car. Don’t have a license plate if you don’t register the vehicle and pay the fees. Don’t pay the tax on savings and that is bye bye for that too. To close have you noticed that people refer to their income as the gross figure not the net after taxes.Also the net is still encumbered with the cost of commuting to work every day. Still life seems to go on. Bon Sioux Mon ami.
    3
  29756. How did that money enter the system? If the government just doled it out then why did our national debt increase? Who gets to spend the new money to get it into circulation?
    3
  29757.  @MichaelBordenaro  -I hear you! When we bought in FL it was competitive but less frantic, we needed equity from our northern house to make a purchase. Since we owned our home outright, it was easy getting a HELOC which allowed us to buy as if we had cash, and it gave us time to market and sell up north.
    3
  29758.  @MichaelBordenaro  Given the fact the government keeps printing money, real estate/housing prices always go up! You may one day get lower prices that's probably when we hit doomsday. My advice is buy it now if it checks all the boxes you need. Money is just state of mind in many ways...
    3
  29759. Hi I don't know how people can like living here. . I moved from Ny to Fla n In July. I moved here cause of the weather, n my daughter n granddaughters. But I am so unhappy 😢 I tell my husband I want to go back to new York. Am I crazy . I am so depressed that I had to call my pastor's at my church in Ny to talk to me. Please can someone tell he how they did it . I am so up in arms 🤷‍♀️ right now .if any knows what are the nice places to move to can anyone tell me. I would like to go to Olando but know know what part. I am sell my house in this area n what to find a better developed area. Stay safe n thank you . When will I be happy 😢😢😢
    3
  29760.  @MichaelBordenaro  thanks mike I will but it's just hard and am I crazy. I lovd my daughter n granddaughters i want to make it work if not back to new York I go. But with all the mandates now cause of covid husband does not what to go back 🤷‍♀️
    3
  29761. Be safe Michael. Yeah, you just gotta stay up to date with the weather in Florida and don't let the news put the fear in you because that's the main focus of the news, to put fear, have tons of people watching, and ratings. That's all. Hurricanes come with Florida. That's just how it is. Just like out in California with wildfires and earthquakes. It's a natural thing.
    3
  29762. I am confused about the roof issue...My community was build in 2007. We have 3 level townhomes and 2 level attached homes . The 3 level had the roofs replaced 2 years ago. The two level homes did not . I was under the impression that you can have a roof inspection and that the 15 year numbers is not absolute if the structure is good . ....Our HOA community insurance doubled this year . The board will not tells us the reasons why ...I suspect it has something to do with the fact the two story units roof just turned 15 year old . I read that the Florida Legislature pass a law that an insurance company cannot raise or cancel your rate due to strict 15 year roof rule . Should I assume any rood 15 year old or more will get a big increase ir even a cancellation of the policy . Do you say Citizen will not cover any building with a roof over 16 years , Do you know does an Insurance company have to explain the reason they are increasing rates . Thank you
    3
  29763. Plus you have your health when you are young.
    3
  29764. Most Of The rural ares of flordia are not affordable either
    3
  29765. My brother's client just the other day wrote on a $580k listing 1st day on market. He was the only offer and 2 days later the seller countered at $620k??!! Greed is still prevalent here in Phoenix. Sitting on the beach la jolla now....75 and sunny! Timmy C Arizona 😉
    3
  29766.  @Kevinw4040  They did. Quite insulting and Petty.
    3
  29767. My dear ,brother i want to buy a website. What should i do?
    3
  29768. There is a reason they call it the......CPLie!
    3
  29769. Hi, Michael first-time viewer of the channel if I may show the surfing🏄🏾‍♂, community properties in the sunshine state.?
    3
  29770. Powell did not say they were going to cut rates.
    3
  29771. Lol I digg it. Very doom metaly 🤘🤘
    3
  29772. Thanks a lot for your efforts and yes I am waiting for part 2.
    3
  29773. $1.1m for a canal home right off of the the ICW in Palm coast is pretty typical...
    3
  29774. I have also heard solar panels cannot be recycled. So much for the environment!
    3
  29775. I had those solar shades that are in the main living area windows in my Boca condo. They’re fantastic. They keep the stark glaring light out while allowing you to see out through them.
    3
  29776. I wish you had the iPhone 11 or 12 Pro with the wide angle lens. It’s really great for giving a much more expansive view of a home’s interior as you walk around. Much closer to what our eyes see versus the normal 1x lens view.
    3
  29777. Welp then I guess this will make it even easier for investment firms with deep pockets to buy up even more houses and convert even more people into renters and permanently block even more people from buying homes in the future. So I would buy now. Stop paying $2,000 or even $3,000 a month in rent! The higher interest rates are worth it versus rent! But can a seller actually block a an investment firm from buying their property?!
    3
  29778. This my favorite video so far. I can’t wait to see what happens in the northeast!
    3
  29779. That same intro music is used in a porn video I saw earlier
    3
  29780.  @MichaelBordenaro  Hahaha king!
    3
  29781. If your home is paid for you're not required to have homeowners insurance. If you take out a home equity loan you will be required to purchase it, just something to think about.
    3
  29782.  @MichaelBordenaro  It's the right call, but many people are too short sighted to accept the truth. The 2008 crash started when home prices started sliding down in 2006, and prices finally bottomed out around 2010. The housing market is a multi-year market, but people often forget that homes are different than eggs. One can double overnight, the other takes years to change. While the causes are different than 2008, we'll see a similar level of desperation and price drops over the next several years. It just took time for the bubble to finally pop.
    3
  29783. Good god man… no good news at all. 99% of us are fucked…
    3
  29784. Mike - cool vid thx!!
    3
  29785. Dope R8 in the first part of your vid lol
    3
  29786. Port St. Lucie is growing like hot cakes
    3
  29787. Great presentation, Michael. I like your analysis of the economy.
    3
  29788. Owning property is the first step in the ladder to generational wealth. If your lifestyle does not include the necessity or desire to accumulate generational wealth, then perhaps you don't need to own your home. The idea of stability and putting down roots is just that. An idea. Nothing stops you from buying a home and then renting it out if you wish to move around.
    3
  29789. This has been my plan for 40 years, finally starting, great video!
    3
  29790. I think Walmart does layaway at Christmas still. Clothing stores used to do layaway when I was a teenager…a long time ago. BNPL isn’t new. When I moved into my very first apartment I bought a little kitchen table from McMahn’s Furniture on BNPL.
    3
  29791. these rates that banks are borrowing at from the fed are NOT good rates. A lot has been borrowed and the ones that have are likely in very poor shape. it's only begun, i think
    3
  29792. I lived thru a housing crash. I’ll validate it if it’s true.
    3
  29793. love your videos! We are moving to SWFL from Richmond, VA in April. My wife and I are originally from Schaumburg/Naperville, IL! Slowly made our way as south as we could! Cheers!
    3
  29794. We have always been big savers. At 75 yrs old and our wants not really that great, we are able to bank part of our social security. House paid for, no loans, and money In bank. Never attended a concert,. Took vacations in pickup and tents, eats all meals at home or out of cooler. Played tennis instead of golf. Walked instead of paying for health club. Don't smoke and occasional beer. Watch sports on TV. Always been interested in financial markets. Think before you spend. Is it something you need or foolishness. Just saying.
    3
  29795. Paying 4K a month on mortgage vs same on renting is apples to oranges. There are WAY more expenses in owning/maintaining a home. Good content as usual Michael. By the way my degree was basically "useless" but I dont think would be where I am now with out it. Not everyone is good with their hands. Thanks!
    3
  29796. Structural improvements on a 1960s mobile home......😅 oh lord. Whats even more weird is that they dont own the land in that mobile home park and it isnt resident owned. So you're subject to lot rent increases. Youre just paying 160k for a old tin can..crazy.
    3
  29797. That listing is funny! He couldn't even sell it due to over pricing at the hottest market around jan to march of 2022!
    3
  29798. Does the 20% price cut prediction apply to Miami and Miami beach?
    3
  29799. I would list ASAP, if I were you. I would not trust anything anyone says when it comes to ocean front condos in Florida right now. But I know it's your decision.
    3
  29800. 💪🏾💪🏾
    3
  29801. Can you do a video about buying a rental condo and when retire can move in to live !
    3
  29802. THANK YOU FOR THAT VIDEO!
    3
  29803. I don't know any job that is not important. Last I check, all jobs are important to the people working in them. As for helping people, the government should look at ways to cut cost on home construction, like cutting fees to build, maybe not collected taxes and anything the government requires to be installed, or even streamlining the process with easy-to-understand paperwork. I am a firm believer that if a 6th grade reading level is what is required to graduate from high school, then the rules and laws should be written at the same level. A seventh grader should be able to pick up the law, rule, or regulation and be able to clearer understand what it says. As for the homes that haven't sold, could they be keeping high so not to sells for a tax write off?
    3
  29804. Thanks for the video
    3
  29805. Awesome
    3
  29806. I remember what I thought a million dollars bought as a kid vs what it buys now. Most of the homes around me are over a million, so even to win that much money you'd only see about 700k after taxes. That still wouldn't allow someone to buy a home outright here. Also, I can always tell when someone who writes something has a tendency to be an abusive person. They try to gaslight me into thinking I'm wrong and someone I can't do math. GTFO to the dude that wrote that dumpers fire level article. Is my property taxes going up me winning? Some food items have gone up 200%, I'm not hallucinating that. I could write a wall of text to show how stupid every he said is. His article only works on children that haven't had to buy/pay for anything.
    3
  29807. Restaurant and hospitality are due to suffer a lot this recession: lower demand, and much higher wages. Maybe a bit of automation.
    3
  29808. Orlando is a good choice for me because all the reasons you mention and Amtrak stops there. St Augustine has no rail connection, and none is planned any time soon.
    3
  29809. Your Merritt Island video got me thinking of this video, although I doubt I’ll be able to “retire” in Florida even if I’d stuck it out and did 10 more years in the Army since enlisted retirement is not as good as an officer retirement. I’d have to retire in some place like Mississippi or Alabama or Oklahoma and Nebraska with an enlisted military retirement. Maybe Pensacola? My impression is Tampa down to Key West or Ponte Vedra down to Miami on the Atlantic ocean side aren’t 100K or less cheap leaving the panhandle as the only rock bottom super cheap place left for low income retirees
    3
  29810.  @MichaelBordenaro  I wasn’t sure if by the time I turn 55 all the housing will be bought up unless I win the lotto today or marry a women who’s a millionaire
    3
  29811. Glad you covered the quality of sand and the color and quality of the water in the gulf
    3
  29812. Big Sur is beautiful 🤩
    3
  29813. You are so spot on regarding many of these important issues and mine fields one can get themselves into. I served on an HOA board for over 10 years during the past housing crisis. I remember so many elderly people who lost homes here in Florida due to non-payment of taxes, mortgages. When some of them died their heirs got nothing because of no wills or trusts, probate ate up much of the equity.
    3
  29814. Thank you so much for all your videos Michael 🙏
    3
  29815. You never gave us the price on the second home then you said the third home was the same price as a second home so now we don’t have a clue of how much the last two homes were
    3
  29816. it's all about to blow
    3
  29817. Student loans is just a way for the government to launder money through universities as proven by thier exorbitant tuition costs! Each hand washes the other...fraud a d corruption pure and simple
    3
  29818. That’s cool, but will I able to find a job in the smaller towns ?
    3
  29819. Michael Bordenaro Sounds like wither west palm or Tampa for me would be. Thanks for a quick reply
    3
  29820. Michael Bordenaro still debating Austin TX vs FL.
    3
  29821. Michael Bordenaro I just got back from Austin, I like it, but there is couple of cons I didn’t liked. Typically, I prefer weather of southern Cali(mid 60s- mid 70s) year round , but moving there is a quiet risky move financially.
    3
  29822. water is eating everything up!!!
    3
  29823. First, I enjoy your videos. Nice beach views, too. Re: Fairfax County, VA Pension fund... according to the report, the pension fund is something like 3.6 billion of which 35 million is tied up in the Genesis bankruptcy. Agreed with the risky investment, but unsure the long term impact on pensioners with <1% affect.
    3
  29824. ❤
    3
  29825. Yes Michael…. No logic, no common sense, no facts plus just plain greed are causing a crazy and corrupt housing market.
    3
  29826. The solution to "squatters" is so simple I'm surprised it isn't more widely used. With this technique, you could get rid of squatters in 3 days or less. 1) Contact a private detective agency and ask for 2 or 3 guys that have a license to carry a gun. 2) Instruct the hired guns to move into the house right after the squatter leaves the premises, to shop or go to work. 3) When the squatter returns, he/she will come face-to-face with 3 mean looking men already in the house. 4) The squatter will probably tell them to leave, but they can just laugh at her and say "Make me!" 5) The squatter at this point might call the police, but if she does, the police will automatically side with the 3 men already in the house. 6) Even if she tells the officer that she has a right to live there, he will just say it's a civil a matter and she should take it up with the court. 7) Now the squatter is on the outside and she is the one that has the burden of proof. 8) Immediately change all the locks and install video cameras in the house. 9) Carry all her furniture and personal belongings to the curb. 10) Tell the hired guns to remain for a couple more days to make sure she doesn't come back. BINGO! Squatter is out and you didn't have to spend a small fortune with a lawyer and wait 6 months for a court trial.
    3
  29827. Hello Michael, would love to buy a condo on the ocean on the east coast. It has to be affordable looking under $300000 because the hoa fees are very high. Would appreciate your help. Regards
    3
  29828. Loved this one ❤❤❤❤
    3
  29829. I was a buyer's agent for a group of investors throughout the 1990's. There was a house listed on the Gulf front on Pensacola Beach for $625,000, the price was lowered to $595,000 and I encouraged my investors to make an offer. They offered $425,000 cash and buyer pays all closing costs. The Seller hesitated for only one reason. They felt that I didn't represent them (which was true). The buyer paid my commission of $10,000 because they felt that the Seller's claim was fair, which it was. Transactional Agency didn't really work in this instance, which normally I would be operating as.
    3
  29830. If you do change your format, PLEASE leave all you Florida vids up because I might be moving there permanently in the future, and I'm learning so much from you😎💚
    3
  29831.  @MichaelBordenaro  Thank you so much!😎💚🏖
    3
  29832.  @MichaelBordenaro  haa But I do really miss it. I lived on Anna Maria Island, Sarasota then Cape Coral. Now I'm in the Colorado Rockies 😍 Florida is becoming too expensive for a poor gal!
    3
  29833. Lol
    3
  29834. Moving to Tampa in August. I've watch many of your videos! Makes me want to dip out now but patience is key
    3
  29835. If you're in larkspur you should stop and see Janis Joplin's house..😊.. if you like cool people
    3
  29836. If we return to the gold standard, all the countries whose gold we have kept, will want it back!
    3
  29837. Massive transfer of wealth designed to create equity and which bypasses fundamental laws of economics.
    3
  29838. You guys must have very low and affordable property tax rates in Florida. No way a person could sit on a 2.7 million home for a year paying $18.53/per thousand dollars of value like we do in my part of Rhode Island. That would be $4200 a month in property taxes here. I don’t understand it. There must be some kind of exemption in Florida for wealthy homeowners.
    3
  29839. The only thing that could accelerate the crisis is if Biden brings back forbearance and the lenders go down. I can see that coming.
    3
  29840. The average person is always getting screwed one way or another. Zoning, home insurance, smh! Good clip! Thank you for the info!
    3
  29841. Buying a home contingent on selling the one you have. I wouldn't but daughter thinking about it. What are your thoughts tnx Joe
    3
  29842. What’s the temperature there?
    3
  29843. This will ultimately create a new California . Goodbye Florida R.I.P the new exodus!!
    3
  29844. if there isn't a 100k house within 50 miles of you, time to move. unless you make 40% of the house you want.
    3
  29845. I have heard people ask if there are sidewalks in neighborhoods, because I think it makes the neighborhood more desirable/valuable and pleasurable to walk. Great video!
    3
  29846. I lived in North Bay Village in Miami for most of the 90s and early 2000s. It used to be a quiet little place but close to everything the beach had to offer. It’s still nice but it changed after they built all those condos.
    3
  29847.  @MichaelBordenaro  I worked at Jackson Hospital or up in Plantation most of the time, both being easy commutes.
    3
  29848. The investors have always been there, so why were the prices normal before the pandemic? In my opinion since this price increase is due to in part artificially created supply and demand imbalance created by 1) cheap loans which entice investors 2) ban on foreclosures 3) high cost of building materials among other factors. Since the 1) is no more the case due to fed increasing interest rate and sharp drop has already been noticed in investors looking for second home as rental, 2) has been lifted and 3) cost of building is not super high anymore, plus lots of supply will hit the market in the coming year so all points to prices going down.
    3
  29849. Housing market south Florida is Completely out of control. Home prices up 70%, rentals up over 60% past 2yrs. It's a seller's dream and a buyer-renters nightmare.Florida Lawmakers urging governor DeSantis to declare state of emergency for rental house price gouging.
    3
  29850. Thank you friend
    3
  29851. Fantastic video!! Thanks
    3
  29852.  @MichaelBordenaro  Do you also by chance dabble in video production?
    3
  29853. Michael, another interesting video, full of useful information and perspective......Thank you very much.......
    3
  29854. Can a low income borrower identify as Hispanic or black?? LOL
    3
  29855. Great video! Very informative!
    3
  29856. Such refreshing takes. I wish Michael commented about pop culture or politics
    3
  29857. In regard to why I watch your channel, it's important that when researching economics to approach it from all perspectives. This means paying attention to local, regional, and national statistics. I follow Florida's local markets because it is a good indicator of how well the retirement and tourism economies are doing. I also follow California and Texas closely as these other two states have a lot of interconnectedness as far as immigration, tourism, and retirement go due to various political issues. A lot of the inflated prices aren't just caused by inflation though, but also speculation and scarcity which can throw a lot of numbers off. In comparison to NYC and LA, many destinations in Florida are on an equal footing as far as affordability, demand, speculation, and availability go. It's important to approach these issues from the perspective that institutional investors, corporate greed, and lack of awareness of traditional buyers (accompanied by flippant attitudes) are causing the spikes in prices. You have an informative channel and a good, well thought out presentation of information. The background scenery is also a bonus. Thanks for the consistent updates and insights Michael.
    3
  29858. Those flowers are gorgeous! The homes are breathtaking! You blend in nice with the scenery.😊😊❤️
    3
  29859. What do you think about Jupiter?
    3
  29860. Yeah that's because our summers are July August and September not June July August. And the water really doesn't start warming up till the middle of July and then when August hits the September come on through you can't even walk barefoot on the sand or the concrete 90° all day if that's what you're looking for and the water temple be about 91°. You just came at the wrong time bud
    3
  29861. Do fishermen on the peer sell fish ?
    3
  29862. Good luck refinancing your loan when banks are not approving those. What a pipe dream~!
    3
  29863. As far as the digital license plate shenanigans, the only real good reason I can think of to have it is not having to replace the sticker. Just pay the fee online and boom it updates on the plate automatically. But even then, not saving much effort lol
    3
  29864. Michael. Let's connect on LinkedIn - I am in Miami- would love to talk to you about investing in real estate. My name is Kaspars Krisjanis
    3
  29865. In Florida, homeowners should save enough to cover their hurricane insurance deductible; Mine is $5k.
    3
  29866. im a new home inspector....im told its the worst 2 years in the last 40 for inspectors...im an APM in construction now...realestate people told new homeowners if you take time to get an inspector you just lost out to the next buyer....waiting for the flood of lawsuits.....NEVER TRUST SALES PEOPLE...AND NEVER TRUST THEM TO RECOMEND A HOME INSPECTOR!...would you trust a car dealers mechanic to check out a used car?????...NOPE!
    3
  29867. Honestly, I prefer Air bnb’s out of the country. That whole check-in situation is a little sketchy. Hope you enjoyed the trip!
    3
  29868.  @MichaelBordenaro  You should see some of the pics of the Air bnbs I’ve stayed in from other countries. They were amazing and way less than hotels!
    3
  29869. Nice! Great video, thanks for sharing! Happy belated birthday… glad you enjoyed your day! 😊☀️🏝 curious, what was the temperature there in May?
    3
  29870. Can’t have crazy high prices in hurricane central and think insurance companies can handle the devastation if a hurricane hits. Most of these insurance companies are a total joke.
    3
  29871. All I can say is the writing is on the wall. This economy will never run forever like they are trying. Our government is naive
    3
  29872. So i am not an english expert in 100% but are i am right when i buy a house in cash in future i am 100% safe to never loose it? Would you recommend that way?
    3
  29873. For the algorithm.
    3
  29874. Cutting spending alone will not be enough. They will have to cut and thing the federal that adds the burden of cost to business. Cutting taxes for everyone would be a start. Letting people keep more of their money. We saw in the past, this help the economy boom like under Coolidge, JFK/Johnson, and Regen. But that will not be enough this time. Places like California can take up to seven years to approve new construction whereas in Texas take about six months for that same construction. So, anything on the Federal level that is taking a long time to be approve, will need to be sped up. I have not checked in but one person told me under Trump, it took one month to get approve to new oil drilling whereas under Biden it takes six months. If that be true, then that waiting period needs to be reduce back to one month. This will reduce the cost for the company as well as get more product into the market to help drive the prices down. The problem is, that who ever gets in, will be pressured to spend, and claims that it is not enough, and if or will thy spend, it will make things even worse.
    3
  29875. @5:22 That’s a bit misleading because all financially literate people know that making at least 2 extra payments per year DIRECT to principle is pretty much a no brainer and those two additional payments directly decrease your principle by the entire amount paid plus they dramatically reduce the total time to pay off the mortgage and the total interest paid.
    3
  29876. Red Rock is so nice!!!
    3
  29877. Come on Michael, you live a pretty luxurious life. Those tank tops are probably designer tank tops from Gucci or somebody like that. And I bet you slick your hair back designer gel from Armani.😂🤣😆 Seriously, invest in time, health and relationships. Because you can't buy more of them in the store or at a dealership. And passive income makes it that much better!
    3
  29878. 2 /2 or 2/1 modern for a medical student going to Jackson M Hospital every day, from Boston? Top 2000$ maybe a couple of dollars more. All inclusive.
    3
  29879. micheal i have just watched your video of walkinground your area,in 2020 sept video,can recomend real estate agents selling around mid beach area,very interested.im in england.
    3
  29880. We went through this in Florida in the early 2000’s. It went sky high and then came down. This soon will pass. When the northerners see that the salaries are really low they will go back. Right now NYC rents are lower than Florida
    3
  29881. FED Mr Waller came out yesterday to call BS on the pumpers about a Fed Pivot
    3
  29882. Many consumers: men, this inflation is really hurting me. What? New I phone just came out!?!? Les goooooo!!!! 🤣😂😂🤣
    3
  29883. What can I get for 700 a month?
    3
  29884. I was 6 in 2007 and my parents would use Mapquest for road trips. I’d watch movies in the back of the minivan since tablets weren’t around yet. Seems like a foreign world yet I was in first grade.
    3
  29885. "corporations must work harder to 'force' people to change behaviors" - Larry Fink
    3
  29886. Hi Mike. I loved this video. I tend to think that the housing market will level off after we pass the bottle neck of the new construction. New construction is holding off because of the shortage in materials. When finally there is more new homes on the market the prices might level off. I think that homes are going to stay high because so many people got up and moved. I think they will just level off. However, when people don’t have enough money to buy food, we might go then through a depression . What I find interesting is that nobody is seeing that we are going through what you described. There are sooooooooo many homeless families and individuals out there and we just don’t even address it. That hasn’t started recently. It’s been going on for decades and progressively gotten worse I guess. We just refused to address it. We are noticing it now because in the last 2 years we went in and quarantined and received money from the government. AND all of the sudden, BAM we noticed the amount of homelessness. Also, with all the technology out there we make videos in real time about the homeless. We are so savage capitalists. I’m not sure which way this is going, but it’s different now. There might not be a crash. There might be just a small price adjustment, but then Cali will be just a state for the homeless because of the weather. Who knows. Interesting times. Depression, you think? Start moving home with parents, renting rooms if you can. My taxes doubled this year. People that own homes might not be able to afford the taxes when they go up. When your property value goes up, your taxes go up. Who knows. It’s real hairy scary out there.
    3
  29887. You can always refinance a 15 yr term and perhaps get even a better % rate with shorter term loan…
    3
  29888. 💯👍
    3
  29889. They just want to not starve most of the time because their rights have been taken away. This was such a cool mind numbing video. I hate most people think everyone that comes here are criminals. These are survivors. I do think however borders should be closed in a pandemic but man can you imagine sitting on that boat when they push you out in the water with sharks and nothing else? That's courage which is what freedom is built on.
    3
  29890. It's always hot in mid-October in Central CA. Old houses way-past the expiration date.
    3
  29891. When $150K homes in Tampa are selling for $580K-650K, someone is gonna get SPANKED when mortgage rates hit 10%!!! Oof, ope, yikes.
    3
  29892. I was never that fast 😅
    3
  29893. 👍👍👍👍
    3
  29894. “The Lord bless you     and keep you; 25  the Lord make his face shine on you     and be gracious to you; 26  the Lord turn his face toward you     and give you peace.”’ Numbers 6:22-27💗💕💗💕💕💗
    3
  29895. Yup! Spring Break Central. Folks towing little carts with beach gear across the road resort to resort, odd amusements and some lively gatherings. Seacrest Beach more appropriate for me.
    3
  29896. Think I need to work 100 hours a week to buy a house.
    3
  29897. Love seeing you every day Michael .
    3
  29898. Hey Michael you should take a look at a fellow doing almost what you do out in California. His You Tube is " I Allegedly" He was talking today about all the real-estate out that way where builders are now renting Brand New Homes just to get them occupied.
    3
  29899. Vegas killed the Airbnb here can't be 600ft of another and can't be close to a casino. Huge upgrade cost to meet new Airbnb codes and huge new taxes and weird new fees and it's just the start.
    3
  29900. Well if the house was built in 1958 im sure it will be fine in 2058. The new home are junk Insurance companies are a scam i justice settled with my insurance company from ian. Took 2yrs to get what i paid for. Ridiculous
    3
  29901. On this episode Michael helps solving a crime 😂😂
    3
  29902. Umm, bullcrap on that article. Nothing but spin article cherry picking the statistics data they want so it proves their point, not proving the facts/truth.
    3
  29903. ALSO THE NEW PERSON MIGHT HAVE A HBBIE YOU WOULD LIKE TO DO, TAKE ME FOR INSTANCE, I LIKE TO DANCE IF I MOVE THERE & I MEET SOME ONE THAT MIGHT WANT TO TRY IT. FINE WITH ME.
    3
  29904. Great info! Thanks for sharing, More Chanel!
    3
  29905. Congratulations Michael!😁
    3
  29906. Wow nice tour the buildings are look so durable.thanks for sharing this kind of video.
    3
  29907. In the case of a new car purchase...Would you pay about the same $400-$500 to register it.
    3
  29908. Looks nicer than I thought! Very cool vid...Keep up your great work.
    3
  29909. We are screwed 100 trillion each month more in debt by the time this year is over we be over 40 or close to 50 trillion in debt.
    3
  29910. Bought our house in 2013 for 100000. Cant believe where thd market is now
    3
  29911. Thanks for the video.I have plan to move to florida.Which area do you recommend?Great video.
    3
  29912. 🔥🔥exactly what I was waiting on
    3
  29913. Tbh, haven’t stayed in a hotel in many years, huge Airbnb fan (especially out of the country like South of Europe and I traveled frequently pre-pandemic). The view from the room looks great and the coffee, Internet and bed firmness, plus amenities you liked is worth the price.😎
    3
  29914.  @MichaelBordenaro  I agree with you with that, if you’re on the go, hotels are convenient. And exactly! That’s what I love about Airbnb as well, being able to cook or having other amenities included that you don’t get in a hotel room, almost like if you lived there. 😀👍🏾
    3
  29915. It’s a different market based on various products housing
    3
  29916. What cities are best for young professionals? Thinking Miami, Fort Lauderdale or Tampa
    3
  29917. There are never any real people in these videos. Or much traffic for that matter. Does no one live in your locations?
    3
  29918. I love it that you met some viewers on the beach! You are much appreciated Oates, Michael! Sounds like that Canadian homeowner with the bad tenant needs to put the house up for sale to get the tenant out that way…IF she can!
    3
  29919. California wins.
    3
  29920. Redfin is barely holding on themselves!
    3
  29921. You're exercising, keeping healthy, and making money? Good idea. 😄
    3
  29922. 20% is NOT a collapse. 50% is a collapse. Think we get to 50% in next 18 months.
    3
  29923. Michael.......is all of Florida "humid"?......or is the humidity the strongest, towards the coastal cities, near the water??? Are the inward cities, away from the water, less humid?
    3
  29924. I'm in San Diego now and it's kickass....7 weeks here this summer so far. Timmy C Arizona
    3
  29925. theres no shortage. there are plenty out however justification reasons cry for shortage
    3
  29926. Great vid and I can't wait to see your 500K one. :)
    3
  29927. Thank you for sharing your thoughts. Your check list is the same as ours. Looking forward to seeing where you decide to live in the future. Take care.
    3
  29928. Love million dollar listing but noticed family are always on the back burner
    3
  29929. We agree with the viewer on the benefits of cruising and the fact more than three weeks becomes “normal”. We have to mentally prepare ourselves for the trauma of the journey to vacation and back. All else is good! 👍
    3
  29930. 1st
    3
  29931. Crypto nerds 😂😂😂😂 but no matter what anyone says about crypto it's real and it's here to stay. I myself made more money with crypto than anything else I have invested in.
    3
  29932.  @MichaelBordenaro  you do what’s best for you and the channel then
    3
  29933.  @MichaelBordenaro  I watch every video.
    3
  29934. Yep great white population off California coast tripled since 2000 after state protection laws so more shark attacks
    3
  29935.  @MichaelBordenaro  Lol! Seriously though, did they forget it’s Miami when they designed that space?! So funny. 🤣 Can’t wait for the next video tour quirks, lol.
    3
  29936. But the government, especially the admin we have now is NOT going to step in and stop this because they are part of this destruction! Check out Blackrock. Blackrock is buying most of these homes. We are battling crimes against humanity. Inflation happens due to the greed of the richest people! It’s not going to get better. This country is no longer a super power. It’s a sad time for America.
    3
  29937. I have watched them try to take this country down for 30 years-- they put people in to help them take their countries down. It has been their plan long before I was born. All the destruction during BLM movements was forcing small business owners out while big business buys up all the propert with the revitalization excuse. I watched it in the early 90s in L.A. The hostile takeovers in the late 80s and early 90s so no family owned companies exist. They kicked out the founding CEOs from their own businesses. Thank you so much for explaining everything in a practical way. I love your channel. So tempted to move to Florida.
    3
  29938. Great work , could you please let me know where the house cottage is located? Thank you.
    3
  29939. Thats good . I have an FHA and I am planning to sell. I wouldnt charge more .
    3
  29940. That building must go....time for old buildings to go bc they are unsafe and look depressing
    3
  29941. Did you find any personality differences comparing east vs west coast?
    3
  29942.  @MichaelBordenaro  Sweet!
    3
  29943. No Mention of Ft. Myers or Cape Coral?
    3
  29944.  @MichaelBordenaro  can you help me understand why you don't prefer these areas ? What about for a single guy in his mid 30's? Do you have time for a call? I'm coming very soon to tour the gulf coast. Spent January in Miami and Broward counties now I am scouting the other side
    3
  29945. First.
    3
  29946. What you think what a house like that normaly would costs
    3
  29947. Thank you😁🤑
    3
  29948. Sometimes - the potential buyer will find a FSBO (For Sale By Owner) and walk away from you. PLUS - please mention each side will FIRST take care to pay the BROKERAGE and all other expenses and get the buyer's commission AFTER those expenses are taken care of. Paying for leads is one example.
    3
  29949. I bring home over 200K and I can't afford to buy😂😂😂😂
    3
  29950. Great idea to rate Beaches....not a fan of the Brown ugly seaweed thats washed a shore. I never go to beaches that have that
    3
  29951. Hi, Hurricane Andrew child here, Born in south Miami- nobody understands me when i tell them it's hot as balls in Miami un till they experience it for themselves. I cant wait to move from this hell. good vidz
    3
  29952. ​ @Michael Bordenaro I know what you mean. I'm sure the native Oregonians cant wait to get out. If we end up not liking the pcnw, we'll just move on to a different state : )
    3
  29953. Never been to Dunedin, but had friends who lived there. Beautiful!!!
    3
  29954. Unless you burn a bunch of money - prices wont go down much.. We printed sooooo much money, why would you pay less dollars when we have printed more then doubled the amount$$ in the last 3 years then we did since back in the 80's.... Its why the rates are going up to stop[ the printing
    3
  29955. Many co - workers aren't worth collaborating with....back stabbers. Many people are quitting because they were made to come back into the office. Office equals more sickness and that's a fact
    3
  29956. I liked your video...thanks!
    3
  29957. Over 91 million Americans are on Medicaid now, this is going to be all reviewed again in April of this year as the Covid provisions and time for coverage runs out. In other words all the people will have to start proving with their income that they are eligible for Medicaid, it’s estimated that millions and millions of people will be thrown off Medicaid healthcare, but the overwhelming majority not being able to afford healthcare, this is going to be another additional huge debt on the economy, pressures on the medicals systems, and a enormous amount of medical bills never being paid for that are incurred. Another major drain.
    3
  29958. Someone said 5 million housing shortage in USA now
    3
  29959. I love going on the walks with him, but when in Miami, I don’t have days off and am always with the doggies!😊😊 It was good taking time off for my birthday to spend some quality time with him!🥰 Thank you for supporting his channel!🙏🫶
    3
  29960. I wonder what the outcome for the auto workers situation.
    3
  29961. So I kind of wanted to comment on it in the past, and you may have gotten it before, but why do you think you've been getting the greys?? Something to do with a lot of the FL sunshine? from intermittent fasting?? Btw, we're going to Cocoa Beach most of this coming January, got an airbnb, will be a long road trip from MN
    3
  29962.  @MichaelBordenaro  sounds good, thank you!!
    3
  29963.  @MichaelBordenaro  one other question, what month or time of year is best to look for a place on Miami Beach? Or is it generally the same rates all year?
    3
  29964.  @MichaelBordenaro  thanks I was looking around for that video but couldn’t find it, thank you! Going to watch now!
    3
  29965. Here since Feb, after visiting for a few years. Scorpions! No one ever said anything about scorpions. Just found one in the pool yesterday... LOL!
    3
  29966.  @MichaelBordenaro  , I am checking it out.
    3
  29967. Hey Michael, funny you mentioned Culver's, my wife and I had lunch there today also, just love those butter burgers, great video also
    3
  29968. Go for it! My husband and I are 51 and 52, planning a move to either AZ or FL next year. We are flying into SW FL this week to check it out = Step number 1. You're not going that far and you could always move back to Miami, although I have a feeling you are making the right move. Follow your heart, if somewhere else feels like home then it probably is.
    3
  29969. I paid 13.9% interest for my first house so 5% is a gift to buyers now. The Fed messed up keeping the funds rate at 0% so long that there is a generation of buyers that thinks rates are suppose to be 2-3%…not!
    3
  29970. Fuck yea I fucking hate Wells Fargo the biggest waste of time in the world thank you for the video Will be joining discover ASAP
    3
  29971. born n raised in miami not the same anymore but thats not exactly a bad thing but the price that comes with it is bad for us natives lol
    3
  29972. As an eagle scout, what is your take on Netflix's Scouts Honor documentary? any abuse suffered by you? witnessed by you?
    3
  29973. Recession or not, average median house will still remain in high 300k.
    3
  29974. I bought couples property in 2013....original owner paid $180 000.....got it from the bank for $45 000 cash......in beautiful WestPalmBeach......they are all rented for reasonnable price $1000 to $1100 per month....no increase since 2013.. (2) story building, 2bed 2bath 1200sqf large balcony gate community ......perfect place for family The one are for sale in the same complex go for $285 000 in one week...thank to the NewYorkers migration
    3
  29975. You're right, we all need to be prepared - savings, cut costs, adapt, gold, and so on.
    3
  29976. I hope you go to Alaska and bring cold air to Florida 😂 thank you for your videos
    3
  29977. Congrats on 10,000 subscribers, you deserve it. Your channel is one of my favorites. Keep up the good work.
    3
  29978. The government can take your home and sell it to Blackrock if you don’t pay your property taxes. It’s planned
    3
  29979. Yeah had a barber asking me about the market telling me he wants to use the equity in the home his family lives in. I told him hes playing with fire and its gambling at that point. I think he got the point.
    3
  29980. Real estate agents need to start finding clients that have homes that they bought in 98 and take a little profit on top and put that on the market and they'll sell their home quickly. For example If the seller bought the home for 200k in 1998 list it for 300k and take the hundred thousand dollar profit be happy Move onto the next one
    3
  29981. Grant Cardones' business model is give him money so he can go shopping for apartment buildings then charge you fees for the buy then throw you a few crumbs when he feels like it. Soooo, he has to keep up the appearance that investing in real estate is profitable.
    3
  29982. In 2005. I paid 1k a month to rent a 1973. Double wide trailer!! Ya it was on the beach !! The lower pay scale! I moved back to Ohio doing the same job was double! And cost of living was a quarter of Florida!!
    3
  29983. Im selling my house at Hollywood fl we are relocating
    3
  29984.  @MichaelBordenaro  Kentucky! I mean we cannot handle a $2300 mortgage payment for a 2/1 house and low salaries here so I think we could make a deal selling here and buying there
    3
  29985. This video is so on point!! My old apartment, 675 sq ft / 1 bedroom no w/d .... I left in 2020 was 1k and now rents for 1600. They told me people need to make 58k + a year or have a cosigner to get my old 1 bedroom. But if I wanted their 550 sq ft flat I could have that at 1400.
    3
  29986. USA so expensive bro, if you have money invest in south east asia, much more profitable
    3
  29987. Next time before going out in the rain to film perhaps put the iPhone in a waterproof phone case. I have a Frieq waterproof phone case I bought from Amazon last year & it was very helpful when I was on a boat in Florida (for a snorkeling trip) & coming back there was water splashing in the boat. The waterproof case did get wet however my Android stayed dry while I was taking pictures 😎
    3
  29988. See you at the bottom. Got a nice chunky stock pile of cash chilling in an MMA. 😎
    3
  29989. Rent control is a joke. -signed nyc resident
    3
  29990. Your 36k/yr frugal tenant I should hope also budget for savings, to eventually remove themselves from this monthly torture of a thousand cuts.
    3
  29991. What you are describing is "subscription government" or stated another way "pay for the services you want or use".
    3
  29992. Thanks Michael for such quality content. Nothing like this in Florida for sure. Nice to have such natural beauty so close to SF.
    3
  29993.  @MichaelBordenaro  I hope you & Lizzy come back soon.
    3
  29994. Living in Northern Ca. isn't cheap, but worth every penny IMHO.
    3
  29995. First 🥇
    3
  29996. I am looking for new construction homes in St. John’s Florida. Every home has HOA fees which I am OK with. But many homes also have CDD fees. What is your take on homes with CDD fees?
    3
  29997.  @MichaelBordenaro  Michael, do these fees seem reasonable to you? HOA: $930 annually Capital Contribution: $500 one-time CDD Bond: $2,063 annually CDD O&M: $754 annually This is for new home construction in St Augustine (St Johns county). Home cost approximately $400,000 Thank you in advance for your real estate expertise.
    3
  29998. AI = FAKE SMARTS. AI WILL RUN BUSINESSES OUT OF BUSINESS. WAIT AND SEE. AFFORDABLE AND PRODUCTIVE ROBOTS ARE NOT COMING ONLINE AMYTIME SOON EITHER. GREEDY DELUSIONS.
    3
  29999. 2:40 Appliances are not what being rented when renting an apartment you are renting the Walls and doors and roof and windows with what ever is inside " as is " unless it says appliances are covered in your contract then dont expect appliances to be repaired , maybe replaced with a fee . Only the faucets and water devices will be repaired free as long as the damage is from general wear and tear . I been renting apartments 40 years
    3
  30000. Congratulations!! and thank you for sharing the unboxing with us.
    3
  30001. Hi Michael, thank you for the videos you upload. They are very insightful. Can you tell me something about Stuart & Jensen Beach? Pro's and con's. Thanks
    3
  30002.  @MichaelBordenaro  thank you brother. Looking forward to those videos. All the best
    3
  30003. Credit card rates for people with excellent credit is around 20% right now.
    3
  30004. Fla minimum wage & Nevada where I’m goin is 12$. Really. Gud thing I have a pension but it’s still crappy to be in a non tax income state. I can never live in Ca again or Boston my home town 😂😂
    3
  30005. Love the shirt Micheal tell the wife I said top notch. See what I did there, now your favorite bum tank tops are going to be persona non grata happy summer.
    3
  30006. I like very balanced and unbiased analysis. It is very encouraging to hear my own predictions to be analyzed by others. I do expect Fed Reserve getting scared of its own shadow and reversing the course. There could be very short opportunity to buy a house before they not only drop interest rates to zero, but will make it negative. There is just no other way considering amount of world debt. The upcoming digital dollar will allow them quickly control the economy and rates.
    3
  30007. Thanks Michael, this boat tells a powerful story. There are many stories of America that share a common thread. The original colonists, slaves, and free immigrants all came over in ships of all types. We haves scores of refugees that arrived the same way. All helped to form this great nation. We The People are what make this nation great. Our diversity is our strength. There are so many stories of America and all these stories should be captured and shared with all Americans and visitors to America. We do this in museums all over the country from Native Americans to Immigrants. There are so many perspectives of America. The great thing is these stories and our history is available for little or no cost around the nation in these museums, towns, and parks. Even in the places you visited on your trip around Florida there were the little parks that told some history that gave some perspective as to how that particular place came to be. I would love to know the story of that castle like place in St Augustine. I found the learning one of the best parts of your tour around Florida the learning, from plants to people to places we learned. I appreciate what you have done to broaden my horizons and the others that follow channel. This is why it is important to travel nationally and internationally and keep an open mind. The more we open our minds the differences tend to fade, the more we see that we are all the same with many perspectives. These stores are all over the world, lets learn them and come together as a people.
    3
  30008. Who tf feels sorry for the banksters?
    3
  30009. Are the beaches in Florida free or restricted ? Also is there parking for beach days . All over Florida ??
    3
  30010. My realtor kept telling me that the market will not go down, that i should buy now before it gets more expensive. He even told me to buy a house before I see it.
    3
  30011. Juno Beach looks like a nice area. I will have to check it out. A much slower pace of life once you get out of South Florida. Can’t wait to see the rest of your journey.
    3
  30012. Hey Mike, how were you able to retire from the mob?
    3
  30013. "Starter, Astronomically-Priced Home" nowadays.
    3
  30014. I can got a question . I never been for florida. Does the ocean smell like it does in cancun? hard to explain it. sweet almost
    3
  30015.  @MichaelBordenaro  I am sorry im not being clear on it, its been a couple years since i smelt it... I am looking for a place to retire when i turn 50 I work in alaska and live in wyoming so I am so sick of the cold. I just want a lil place I can fish everyday and relax and cause its my life savings .. well ya know how scary that is when you put 100% into it
    3
  30016. That is a nice place to spend a vacation week. It would make a nice income property, if the numbers work for you. Enjoy my friend. Thanks for the insight into St Augustine.
    3
  30017. Can’t wait to hear what you think of Palm Coast. I’ll be checking it out in a couple weeks, as well as a few other areas. I get what you are saying though...how can we decide which area we want to live in by only visiting for a day or two. I’m hoping we just fall in love with one area then we can go back again and spend a week or more there on our next trip before we move next year.
    3
  30018. Do the SPACE COAST !
    3
  30019. Once again you nailed it. I loved it. The music was awesome as well. 👍👍
    3
  30020. Beautiful place!
    3
  30021. And this is why there are so many homeless and growing daily in Florida low income cannot afford the rents and they are trying to push out these people. Which will cost taxpayers so much more and break the SS system...SAD COMMERCIALISM
    3
  30022. I still drive my 1979 Trans Am in summer months & my 1992 Toronado Trofeo both black…both run like new. I never gave up on them and always maintained them. Went to automotive school and learned how to repair them too
    3
  30023. Keep showing the listing so I can see what I cannot afford.:face-orange-raised-eyebrow: But I am a masochist, so keep going. As long as the stonk market stays this high, you will still have cash buyers.
    3
  30024. Hey Michael, Love, Love, Love Siesta Key!!! It is my favorite beach in Florida!!! I used to live in St. Petersburg for 3 years & I would always drive over the Skyway Bridge to Siesta Key & also to Anna Marie Island!!! Love the white, soft sand & Siesta Key Beach is sooooooo wide in depth!!! Always a wonderful, peaceful & enjoyable beach experience. I currently live in Boca Raton now, however, I just came back from a road trip from Sarasota to Naples, & I miss the Gulf Coast beaches so much it has got me rethinking my decision AGAIN of where I should settle down in Florida, LOL.... both sides of Florida have something different to offer & I really do miss watching those beautiful sunsets on the Gulf side!!!
    3
  30025. Home prices dropping but if people are losing their jobs with massive layoffs the only people benefiting from the price reductions will be investors !
    3
  30026.  @MichaelBordenaro  I heard Florida does have some small mountains and gets some snow in Northern Florida. Is that true from your time living in FL? 👍🏻
    3
  30027. its all down hill from here
    3
  30028. 👍✅😜✅👍
    3
  30029. Works for me loll! 😄
    3
  30030. I love these types of videos! I live in Ohio and definitely appreciate the chance to see the ocean and palm trees!
    3
  30031. The unit itself is nothing special at all. The views are awesome though. It’s not something I’d be up for. 🤔
    3
  30032. Is auto insurance expensive there due to bad driving and frequent accidents?
    3
  30033. Cool 👍🏻i need money ☺️thank you so much🙌🏻
    3
  30034.  @MichaelBordenaro  Yeah, I felt a bit of an awkwardness there, a little tension. Great thing Lizzy stepped in and tried to make things a bit lighter. Great gal! Women naturally sense these things. It's subconscious with them, which is why women can't be fooled. They can just see through everything. Hope you guys reconnect for good.
    3
  30035. PS that first property looks staged, they can even do that virtually now with very little cost. Can you inspect a foreclosure? I thought you can't.
    3
  30036.  @MichaelBordenaro  Yes!Kepp the videos comimg. Love them
    3
  30037. Miami must be lax on the homeowner shrubs and hedges as you have to walk in the street as the sidewalk is overgrown with all that overgrown mess. Here the city sends you a notice to cut your lawn back including encroaching trees or bushes and if you don't they do and send you the bill.
    3
  30038. Can you do a video on unemployment figures coming up on Dec 8 and how they correlate to the housing market…
    3
  30039. Mike you approach this economy as it is a normal economy by demand supply rules. It is not. It's mainly a huge laundromat when taking 30% haircut doesn't even matter. I learned it by getting into the financial services over 13years ago. Was scratching my head and nothing made sense until I realized it. It didn't make me happy just know what's ahead of us
    3
  30040. One year my homeowners almost doubled in New England because of natural disasters in other parts of the country. Don’t feel bad for the insurance companies.
    3
  30041. Super video you both rocks ❤
    3
  30042. No, government should not give first right of refusal to owner-occupied homeowners. I don't like giving preferential treatment to a group of people (ie OO home buyers) to the detriment of investors. The free market should rule. No changes in laws are necessary.
    3
  30043. Most Americans cannot hold onto their wad.
    3
  30044. Congratulations Micheal, I turn on my local channel 9- WGN, and who do I see you.! Great job.! Keep pushing forward. 😎
    3
  30045. Thanks Michael
    3
  30046. I'm likely moving to Florida Michael. Leaving CA. Moving to either Pensacola, Tallahassee, or Jacksonville. My situation is I am a Veteran, Associates in Automotive. Minimalist lifestyle. Income is $1400 a month VA benefits, and can work on top of that. Any suggestions? Thanks.
    3
  30047. Credit is (at this time) around 695. Fair. And my mom is willing to co-sign as a backup as my mom is considering florida as well.
    3
  30048. HBD !
    3
  30049. Even in UK and in Poland prices are crazey. In my city in Poland the prices are almost like in USA - can you imagine it? 200-300k usd for home. The collapse is coming indeed!
    3
  30050. Really good info! This is one that is a little over my head (the money stuff) . I need to show this to my hubby! We have been to Miami beach. That beach you showed with the rocks isn't Miami is it? It does not look like Florida. I agree with you about buying real estate right now and I don't know much about real estate. But with things the way they are we already said we would rent which is not something we would normally do. So thanks for the confirmation! Thanks for the video. You gave me alot to think about!
    3
  30051. I see you was by the water is there gators in those waters
    3
  30052. Michael Bordenaro yeah I’ve never felt unsafe during hurricanes. If it’s ever a really bad one I can go to my aunts house who has mostly hurricane proof windows and shutters. If we ever get a tornado warning during a hurricane while at their house we go into their moms closet (it’s huge) and just do whatever in there until it’s gone
    3
  30053. I hope you're right!!
    3
  30054. Actually, Michael, this reminds me of some Miami Vice visuals/80s looks.
    3
  30055. That was cool.
    3
  30056. Unfortunately social media 👩‍💻and the lying YouTubers are out there day in and day out showing off how much designer stuff they have or how much money they make!! This is another reason for the irresponsible naive social media watchers to want to be like them!! Being in a fashion industry I have seen it all! It’s not a pretty picture to buy things you can’t afford and end up having no place to live !!
    3
  30057.  @MichaelBordenaro  super annoying before 7:00 a.m.
    3
  30058. It depends on your bank account. I currently live on the East Coast but I truly love the West Coast of Florida more. Sarasota is my heart but I love anything South of Sarasota as well....Venice, Englewood, Naples...💗
    3
  30059. I just don't want it to be too hot all year long
    3
  30060.  @MichaelBordenaro  the panhandle gets all the hurricanes! What about Orlando?
    3
  30061. third
    3
  30062.  @MichaelBordenaro  Thank you
    3
  30063. Dont forget Treasure Island Beach Park in Laguna! It’s a somewhat secret thing!
    3
  30064. Another Terrific Video !....In less than 25 min you brought all of us "up-to-speed" on what is going on in our economy now and in the past ! You know, Michael, you should be a guest speaker at these Macro Conferences sponsored by George Gammon, Nomad Capitalist, Ben Mallah, and others....just a thought !....Thank you, for the "real-time" Intel and analysis.
    3
  30065. The Miami real estate has been really hot. Do you think prices and demand will dramatically decrease as a result? Good time to swoop in and find values?
    3
  30066.  @MichaelBordenaro  thanks!
    3
  30067. Small business owners and landlords have gotten screwed over this pandemic. This is not an oversight with the government. It is on purpose. They want everybody dependent on the Government.
    3
  30068. Missing Miami so much. We are waiting for the US to decide about opening the borders
    3
  30069.  @MichaelBordenaro  From Europe.
    3
  30070. Chicagoan, thinking of moving to Doral. What do you think?
    3
  30071. I was googling that the average household income in Miami Dade county is $86k or about $7k/month before tax. How are households affording a 3 bedroom home if the rents and house price are so high?
    3
  30072. Michael, have you seen Scott Walter's you tube? The new houses that were built in Utah city are sliding down the hill. The city deemed them unliveable and fenced off the whole section of the new homes sliding. Love your videos!! Please check this out.
    3
  30073. Seeing the excess of older folks, seems like a retirement type area.
    3
  30074. It’s Florida!
    3
  30075. I was wondering, what happenned to the driving video you use to make? Are you going to make some in the future?
    3
  30076. In Russia if that student doesn't pay back Boris the student loan money she borrowed......she loses her hand.....the one she wipes her behind with! 😉
    3
  30077. I like the intro!
    3
  30078. Are you wearing sunscreen during all of this?
    3
  30079. The great crash!!😃
    3
  30080. Awesome vid dude!!!
    3
  30081. HELOCs are NOT bad debt. They get abused by owners and lenders. Anything you could pay cash for should never use one, like a pool or car, but having a 12% loan in your pocket should you need one is better than having to put something on a 25% credit card. It is a line of credit, just like a credit card, no balance means no payment or interest. Also, looking to buy a foreclosure? You need cash. Maybe you have 200k in your account, but darn, it's going to take 220k to buy this house. Use the HELOC and then either finance the new purchase immediately for a rental, pay a few months interest while you flip, or sell the house with the HELOC and pay off all loans related to that house and now you have home with no loan without having to sell first and risk not finding a place. Edit: spelling error
    3
  30082. Looking good on the beach.
    3
  30083. Hi Michael, Does the Florida housing market suffer from a demographic issue. I thought Florida was losing people because of aging issues and this will increase the housing supply? Can you talk about that sometime in your walk and talks?
    3
  30084. I have a condo in Florida & my tenants are out soon , I decided to rent to snow birds for now on , I don’t want to have to evict anyone in future!
    3
  30085. Thank you, great observations!
    3
  30086. Thanks for your valuable insights Michael. I enjoy watching your daily videos, even though i am in Australia - it's all still relevant. I'm renting an apartment and hoping to buy an apartment if prices come down enough to tempt me. I don't have any trouble imagining a return to 2012 prices, although I don't believe that it needs to be inflation adjusted. I think the dis-inflationary period of the last 30 years is over; the massive credit bubble (commenced from end of WWII) is over. We are in a new financial territory, that none of us understands. The capacity of prices to surprise us to the downside needs to be factored into our decisions IMO. I think we could be more like Japan with our deflationary forces. I guess we will soon find out.
    3
  30087. Palm coast is very nice. Only 30 min from st Augustine.
    3
  30088. Dont lease a Hyundai either FYI I like the things we dont think about but you do in terms of living in Florida. Thx!
    3
  30089. Hi.. I’m from asia and planning to move to america to stay long term, looked at New York, but so expensive, los Angelas as well.. but Miami looks awesome.. good to found this channel so can learn more about this place..
    3
  30090. Hi Michael, I absolutely love wonderful weather. It's so beautiful to enjoy 😍. You say that's what winter is like in Florida? Sounds great. We've had some gorgeous fall days here in Minneapolis MN. This guy I know could sell me a condo, is there common good terms I could get, what are they called? What video can I watch? Thanks brother, 🧸
    3
  30091. Las Vegas is already offering huge incentives on new construction homes.. I’m looking in April / May to pounce there… same with cars … watch😊
    3
  30092. Michael thanks for that very moving review with your father. What a great man, you are a credit to your parents. Loved the words on your father’s tee shirt. Kind Regards to all of you. God Bless.
    3
  30093. Great tips.👍
    3
  30094. Early ganggg
    3
  30095. We bought our first home in 2018 at 4.5% we refinanced in 2020 for 2.75%. I’m never moving. Lol my mortgage payment is less than some people’s car payment.
    3
  30096. Regarding bnb. The owners drug money profits will never run out.
    3
  30097. Well played Michael😊
    3
  30098. Nice guitar!
    3
  30099. I can relate!
    3
  30100. Excellent analysis.
    3
  30101. .5 cut 😂😂😂 ☠️
    3
  30102. You are right on when you say this is real compared to what you would see at Disney.
    3
  30103. You're welcome😉😉😂
    3
  30104. Seems that things are getting very expensive here in the USA. Thankfully, I will be retiring to either Thailand or the Philippines!
    3
  30105. Great weather, ! When will you be making a vid riding in a hot air ballon to give different view of the Miami area.
    3
  30106. Michael, can you let me know if these valuation providers such as CoreLogic and others have any merit? It seems they are all over the board, although they seem to value the properties as what they are selling for. Also, as you being a realtor, is an offer 10% - 20% above property tax assessments? Thanks and Great Content on your channel!!
    3
  30107. EVs? Potentially a way to raise profit margins for car makers. I'm researching this.
    3
  30108. Did the wind offset heat?
    3
  30109. Unfortunately nobody cares. They enjoy having their lives be open books. Look at Facebook, tiktok, etc.
    3
  30110. Michael..what is the safe place to live in Florida from typhoon or hurricane .
    3
  30111. Unfortunately they will have to mandate licensed property management. $$$ self managed is way cheaper, if you can trust the board
    3
  30112. I'm mad because I should have waited. I didn't buy at the high but I still think I over paid. I been seeing prices Decreasing and I could had paid less...😔
    3
  30113. I'm opting for the nuclear powered leaf blower. I heard it's the real bomb.
    3
  30114. Yes live Stream 👍
    3
  30115. Very interesting video
    3
  30116. Which beach are you at? Its beautiful ! 🌴💗🌴
    3
  30117. Been a few times to the restaurant opposite Joe’s call « Call me Gaby » more a pizza place with nice terrace as you can see! You didn’t give the name of your favorite pizza there finally? 😉 I live on Alton @13th St so not too far from the area!!
    3
  30118. Hello Michael, i as well never had any kids for same reasons. My wife made up for it with her 3 grown kids.
    3
  30119. Michael i heard people with 2nd homes in Florida on Citizens insurance are going to be kicked off it. They will have to look elsewhere which means much higher rates. Desantis is going to sign that bill.
    3
  30120. I would never advised my buyers to refinance with an initial purchase… poor ethics on behalf of the agent.
    3
  30121. Very, very nice!🌺
    3
  30122. Great video. Appreciate your perspective.
    3
  30123. We have low HOA fees and high capital reserves. We have about 14% past due on HOA fees but prices are still rising here. We have 2.6% unemployment and things are still cooking with real estate. I think that the northeast is still the strongest region economically right now.
    3
  30124. 4:19 Looks at this guys.. Halloween 🎃 👻.. Lolz 😎👍
    3
  30125. Michael I wonder if materials will be available to rebuild from the hurricane. And if they are , at what cost . What about costs for home owners insurance next year ?
    3
  30126. Can you show us where on maps this is?
    3
  30127. Yes....please help with understanding when buying a condo....Who pays if heating and cooling if it were to break. Being in a building doesn’t make sense to me.
    3
  30128. It’s a great thing if your condo loses value. Your property taxes will go down. Real estate appreciation is a myth unless it’s only your house that gained a lot of value and the rest hadn’t lol
    3
  30129. 11:53-11:56 Best quote ever!
    3
  30130. Great analysis Michael ! Add Ukraine to this it will be a dark winter ! 🤔
    3
  30131. used auto market is torpedoing right into the toilet. it's getting worse and worse every week. just look at the inventory at Carvana and Car Max. they cannot shed vehicles fast enough, and are having to wholesale to auction at a loss. people are not buying at these prices with used auto loan rates almost at 7% for perfectly qualified buyers. and peoples' cash is dwindling rapidly. forget being able to buy a home, people can't even afford vehicles right now
    3
  30132. ​This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is the main reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder
    3
  30133. ''No good deed goes unpunished'',....just ask the rabbi from New York.
    3
  30134. Hi Mike your videos were some of the first I watched before moving to Fl last year. We finally made it down last August and I love it. Our destination was suppose to be Port St. Lucie but we ended up in Riviera Beach right next to West Palm Beach. Our goal is to buy a house in PSL however I’ve been a little discouraged as I’m hearing PSL houses are flying off the market quickly and people who are selling their homes are overpricing them and it’s working to their advantage Apparently PSL is a hot spot for out of state ppl (such as me and my family) and ppl moving up from Southern Florida Ppl are paying cash for houses, I wish my husband and I could do that but we can’t. Hoping the VA loan can help us out ....smh
    3
  30135. THANKS AGAIN MICHAEL.. ALWAYS APPRECIATE YOUR INPUT.👍👍👍
    3
  30136. What justifies these taxes.
    3
  30137. The unemployment is still an issue and a lot of people are talking about this this is way up there well over 10 million people
    3
  30138.  @MichaelBordenaro  yes you are absolutely right I think a lot of people are just sitting tight to see what is going to be going down there are a lot of foreclosures coming lot of people are in forbearance but have not yet been foreclosed on Orlando being number one area for forbearance Tampa second. I sure hope hard-working citizens don't lose their home because of this crazy China virus! American people hit China where it hurts
    3
  30139. Great Vid
    3
  30140. I was worried you were sick. Since no post yet.
    3
  30141. I see you love swimming
    3
  30142. Michael Bordenaro your right here summer. Lasts from June to September but june to august is pretty keep up the videos I wanna detailed look into west palm beach I’m thinking about moving there but idk what tech companies are there I’m a software engineer if you know something let me know please and thank you
    3
  30143. Michael Bordenaro me as well u just earned a sub my man 🙌🏾
    3
  30144. The fed also has QE as their tool or money printing.
    3
  30145. Played db drums in metal band in raleigh. Raleigh was ok. Now living in Charlotte, zero rock / metal bands to play in. Pathetic. Also living here is more boring than i can explain. Recently visited lauderdale and tampa and i was hooked.
    3
  30146. The home I have now. I'm pretty sure I lost money on it. All the taxes, interest, roof, and payments and insurance. It was not a gain. It was an expense compared to what I spent on it. But an apartment is also not a perfect place to raise kids.
    3
  30147.  @MichaelBordenaro  yes is was a nice home to raise kids , I just wish I would have made some money on it like all these stories I hear off homes going up 100% . But it is what it is
    3
  30148. what a rough winter you got there Michael. LOL LOL LOL
    3
  30149. Very informative video. I love this. Thank you for the details!. I think I'm gonna rent first. just started building my credit and it's nearly at the 600 range. Hopefully 2 years later, it will increase to the high 800s or over 900s. steady it's growing though I've noticed.
    3
  30150. Love Miami Beaches all year long! ❤️
    3
  30151. Great video. Thanks
    3
  30152. My parents are retirement age, their 56, and bought their house for like 98k in 1997. They recently HAD to put money into to redo the floors and than others things came up like old termite damage, etc. Their goal is to just travel the world within the next couple of years, because they have to means to do that but they could sell their house today and get like 250-300k, with even putting money into it they would BANK around 150-100k. It's insane to think about. They refinance and have had their mortgage paid off for like ten years.
    3
  30153. Irrational exuberance has resulted in "fake equity"
    3
  30154. On the flip side here in the North East my property value is dropping while taxes are increasing. And yes the drivers are bad here too. Even with that the population is increasing because I’m in a blue state and entitlements you know.
    3
  30155. I hadn't seen anything for 500 anywhere at all.
    3
  30156. Basically your paying for the land because mobile homes depreciate just like a car the mobile home itself is worth maybe ten grand at best and I know this because I have friends that live in a trailer park
    3
  30157. As an Okie living in Oklahoma $3,400 is plenty, I tell everyone about how affordable and how little it takes to live well in Oklahoma.
    3
  30158. Hi Michael! I've been watching a lot of your videos as I plan on moving from California to Florida. I was wondering if you had any advice on the best way to move? I'll be moving all of my things and my car, Uhaul and moving pods come out to about the same price, do you have any advice on the best way to move?
    3
  30159. 💕💕💕💕💕💕💕💕💕
    3
  30160. $25 for 2 hours? I would expect a lap dance for that price.
    3
  30161. Isn't there a pretty expensive toll to go over the causeway? $25 for two hours really says, "stay away riff raff".
    3
  30162. Sellers beware in Miami and other areas do not close before the closing date specially before buyer. There is a lot of scams with wire transfers. Ask for a check where you can take any company and bank for a ride. Get away in closing date with your funds. Specially with out of town buyers.
    3
  30163. Agreed that RE is better than hoarding cash although prices are unsustainable. Florida could see another 2008 like crash soon in my opinion. I am looking at some NC beach condos and there is nothing affordable. Good video by the way.
    3
  30164. Belvidere looks like a really nice town to grow up, it beats growing up in a big city I believe, but some scumbag at that baseball field in poplar grove drew a nazi symbol with the dust on that billboard case on the concession stand wall at 29:56 that’s not cool
    3
  30165. Planning on moving to Lake Mary, Florida what is your feelings on that
    3
  30166. Hello Michael. This Richard. I am living in Los Angeles. Recently decided to move to Florida. I and my family watched alot of the videos in your channel. We have learned a lot about Florida. My situation is that I have a house here where I am living. And two rentals. I am thinking of buy condo or townhouse around 1500sqf first. Move everybody there. Then staging and sell my house. Keep the two rentals. While selling my house we can keep looking a house in Florida. Then we buy a main house there. We can rent the condo or townhouse out. Probably buy more rentals with the rest of the money from selling my house. That's the plan. Now the more important is the first step. Any suggestions for that? Thank you so much.
    3
  30167.  @MichaelBordenaro  wow! thank you so much for the extremely quick reply. Is that possible to work with you?
    3
  30168.  @MichaelBordenaro we definitely wanna check out Miami Beach. I heard you bought a investment property in west palm beach. Also you said you like St Augustine very much. We have watched a lot of videos of many cities along the coast. Be honest with you we have no clue where we are ganna move. We really need someone who knows to help. I know you must get a lot of this kinds of request. Like you said. We are ganna be the loyal customer for you for all our buying if it's possible. And can we talk private on email. Thanks. I know it's really late there. Please let me know tomorrow then. Thank you so much
    3
  30169. Awesome video 😍❤️
    3
  30170. You are right. What's the time and the prices go up they will not come back down. People get used to paying that amount and that's what they pay. Sometimes things will go down for a little while but they'll jacket back up in the blink of an eye.
    3
  30171. Thanks!
    3
  30172. We went to Naples one Sunday and it was closed ,We hopped on a bus got our fare ready ,we were told to get off as we hadn’t pre bought a ticket ,we got off and the whole bus load were looking at us with glum faces like Russians in the 50s ,
    3
  30173. Sadly Torontos condo market doesn’t seem to ease at all !
    3
  30174. Well everything isn't for everybody. I perfer the wildlife, shells and happy people. Yes ,a lot to pay to park but most rent places on Sanibel or Captiva and bicycle or walk. Share rides. Glad you made it there tho.
    3
  30175. Happy, Happy for you two ! You know the ole saying: “ There’s no place like home.” … and now you have a real home.. where you can stay put as long as you want.. l think it is perhaps THE most important aspect of daily life… because… “your home is your castle” ….. 🙂🌿🌹
    3
  30176. Our politicians (and the Fed) are more corrupt than ever. They only protect the rich and themselves. It’s gotten so corrupt that they’re basically doing it all in plain site with a straight face. PPP loan forgiveness for business owners, even if the company wasn’t struggling??? Wtf. It’s a JOKE and the working people are taking it in the butt, again.
    3
  30177. My husband (RIP) and I went thru the crash in 2011 - 12, our bank went under and it was months before we could figure out who owned the loan, we were one of the lucky ones who were able to sell our house. Problem is, with a crash and people are forced out, in come the thief stealing copper, appliance ect. So sad
    3
  30178. I see you stole my t shirt. An XXL ....lol
    3
  30179. Peter santenello is down in miami right now. maybe you can meet him and do a video with him. I'm sure he will be glad talking to locals .if you dont know him check his youtube chanel
    3
  30180. Amazon cut 100,000 jobs! Amazon has cut 100,000 jobs worldwide, an unprecedented decision in its history that is only understood as preparation for the great recession that lies in wait for us. This was published Aug 3, 2022. If you look up "Stores cutting jobs 2022". You will see a LONG list of Retail Stores. Sad.... Stay safe in the storm. 😊
    3
  30181. Interesting, I knew about that thing with babies but never thought that any significant amount of people really do that.
    3
  30182. Hey dude, have you ever sold in a building that you thought was ran poorly but the buyer was insistent on living there?
    3
  30183. Very informative!
    3
  30184. Great Channel and I am enjoying. I was born and raised in Miami Beach. Father built a house on Alton Road after he got out of the Army during WW II. Truly a great place.
    3
  30185. Have to think about long run rental increases too. In 10 years what will rents be...prob much more
    3
  30186. I would like to live in San Diego but it's too costly for me.
    3
  30187. No market is 100% efficient, but buyers are really good at sniffing out a bargain. Buyers will factor in everything when making a buying decision, and tightwad sellers don't agree to pay the buyer's commission will be at a competitive disadvantage against those who do.
    3
  30188. Really enjoy the videos Mike! 46%? Hell lets factor in a 50% divorce rate and give it another year! Dont forget about "Right To Work" state!
    3
  30189. I pegged you so wrong. I been enjoying your videos lately. I love you don't mince words about the ill health of citizens in this country and the unprofessional business conduct in South FL. You've been giving very valuable advice to visitors and potential movers to the state. Good stuff.
    3
  30190. Lots seniors live in apartment..me..600 increase in 2 years
    3
  30191. Excellent 😂❤❤
    3
  30192.  @MichaelBordenaro  don’t bother visiting Fresno the weather is awful. Summers are 100 degrees daily there’s no humidity but it’s like Arizona. The only good thing is it’s a half hour drive from Yosemite National Park. But it’s the awful parts of California where median house prices are affordable. Bakersfield is another awful location with cheap houses north of Los Angeles. My research indicates Ventura by Malibu is the most affordable house prices in the LA area. The main problem which you know from staying in LA and San Francisco is traffic. Most people limit themselves to a 5 mile radius for restaurants etc. and don’t explore so they can avoid traffic but I prefer to find new places so I ride a motorcycle so I can sneak thru traffic where lane splitting is legal in California and parking for motorcycles is easy but that doesn’t work if you’re married or with kids. Other people commute from 2 or even 3 hours away and sleep in hotels M-F working in Silicon Valley for example then go home on weekends. Anyway, I agree with you on testing the area first if you’re not single and have nothing to lose
    3
  30193. South of fifth street was the first area to be developed in 1913, 1914 by the Lummus brothers who were brothers and bankers of Miami who developed and built the first cottages and summer homes and sold to anyone who was white and law abiding. This is where many businesses and stores and hotels opened up when Miami Beach was incorporated in March of 1915 by 33 registered voters and JN Lummus was elected as the first mayor of the city. The old Miami Beach chamber of commerce was located on Alton Road and 5h street in 1912. Joe's Stone Crab opened in 1913 and it is still in operation. This area is now part of the Ocean Beach historic district and designated in 1995 by the city of Miami Beach.
    3
  30194. There was bathing pavilions called Casinos which were places to swim and recreational activities were provided for both kids and adults in 1914 and 1915 and through the 1920s, 30s up until the late 1950s when they closed. They were not places for gambling so they call them Casinos back then and the most famous of them were Smith and Hardies Casinos and were located on the beach at Ocean Drive and on 3rd and 4th streets and they had wooden swimming pools and changing rooms and the entrance fee was 25 cents and to rent a swim suit was 5 cents. Both places also had lunch counters and sold food there as well. Both attractions were built out of wood and were rebuilt and expanded after the Killer Hurricane of September 18-19 of 1926.
    3
  30195. Prices will go down as soon as buyers dry up.
    3
  30196. Michael, you bring up some good points. Extreme temps not idea for EV's. However, the future of oil might be hugely problematic. Oil is not a forever resource. Conflicts have arisen over oil.
    3
  30197. Wondering how many more condos are secretly awaiting to collapse.salt air, inferior concrete and rust lurking behind all the glitz and an unstable porous ground. If you think the Miami sub structures are stable, think again and if you believe they will release the true reasons behind the final cause of the failure, think some more. “The building, which was constructed in 1981 on reclaimed wetlands, has been sinking at an alarming rate since the 1990s, according to a 2020 study conducted by Shimon Wdowinski, a professor in the Department of Earth and Environment at Florida International University”. I would ensure residents in the area request the latest certification report and make appropriate actions.
    3
  30198. Love walking tours nice job
    3
  30199. Michael, I know you would rather not talk about the elephant in the room, and I understand, but the fact is that there are administrations who are not interested in maintaining capitalism and free enterprise but would rather enable socialist and eventually Marxist economic systems. In order to do that they have to "break the wheel" - introduce unsound financial policies to induce chaos. What we are seeing are the beginning results of this. This needs to be brought to an end in 2024.
    3
  30200. Carvana is a car company who couldn't even turn a profit during the pandemic, if you are a car dealership that didn't make huge profits during the pandemic, you definitely missed your calling in life. Move on to another career.
    3
  30201. California is the Mecca for Innovation, the crown Jewel of the USA. Comparing it to FL is unfair to FL. It’s like comparing Tesla to Ford.
    3
  30202. 15:20 LOL that piece of S*#4 is listed for $425K , that's insane.
    3
  30203. My opinion is that people should be allowed to take money out of their retirement account as long as they use it to purchase a home. Government employees are allowed to take money out of their tsp retirement account with no restrictions and pay the loan off from there pay. The interest rate on the TSP account low and the interest gose to your account 😄
    3
  30204. Minnesota has some of the worst tax laws in the country. It is also listed as one of the most tax hostile places for retirees.
    3
  30205.  @MichaelBordenaro  I've decided to watch more of your videos. Clearly I haven't researched this enough
    3
  30206. About a year ago I made a recommendation for a Daytona Beach/ Port Orange area and I couldn’t be happier to see it. Headed down there for move there in a few years
    3
  30207. Go back to your trailer park. 🤡
    3
  30208. It takes about 24 months for fiscal or monetary policy to kick in. The free money and stimulus checks in 2020 and early 2021 fucked everything up and caused this inflation.
    3
  30209. Just got home from Miami Beach last night. Stayed at the breakwater. Thanks for the video!
    3
  30210. Good video! I preach to my wife all the wife about discipline! Can’t live so much in the now, have to prepare for the future! My focus is getting my mortgage payed off in the 5-7 years!
    3
  30211. Traveling during these times with the Govt and people so afraid of Covid is stressful. I love my home in Ormond!
    3
  30212. So so neat. Since I was a teen I have wanted to live in Cali. My parents are from there. My dad was a surfer. And I had family to visit all of my growing up life too. I did get the opportunity to stay a month in my later 20’s and one thing that was also weird...my body craved rain. I’ve been there many times and I do love it there but that was the only time I was there for that length and in a season that where I do live - O.K. - typically has a lot of rain. But it was wonderful to swim and be in a bathing suit and then have trick or treating. (Maybe do a video of how the Holidays are in FL - Halloween/Thanks/Christmas😁) anyways...Newport Santa Monica Huntington San Diego all fun places. And the weather is wonderful! BUT the cost of living and traffic - eeek) ...and my nickname is Sunshine for a reason😂. we came to the panhandle of FL in last June. My daughter and I love it. And we prefer the warm over winter and the older I get the more true that statement becomes. Recently my position has become remote. And we are plotting and planning to move to FL. It will be Ookaloosa island to start. And it was my Cali girlfriend that turned me onto your tube and I’m so happy she did bec very useful information. Thanks so much. We will be there by the end of Sept. Cannot wait to explore the state!
    3
  30213. California is just overpriced man. You gotta be either really rich, house share with many people, have a really good paying job, or not live near the coast. Just a reality check to everyone, it's not very smart to move there and I believe thats why so many people are homeless because they move there and naive about the cost of living. Florida did what California should've in my opinion.
    3
  30214. If you want freedom...have 0 debt. Not owing anyone will not totally get you free because of taxes and insurance, but it is still a great start. Not owing anyone a dime is saving my life and my home is worth 550 not counting paid off vehicles... Have no credit on your books
    3
  30215. Santa Barbara and San Francisco is 73 degrees about half the summer Santa Monica is usually 80 or 84 degrees from July to September
    3
  30216. Never be dazzled by new tile, light fixtures and paint. Those are fun home projects. Replacing a collapsed sewer main? Not so fun.
    3
  30217. Destroying America from within on ALL levels. No accident.
    3
  30218. Is it possible to still enjoy South Beach often even if you live in North Beach? It feels like the parking, the traffic and the overall hassle would make one avoid driving down from the north side. Is the bus an easy option?
    3
  30219. Like watching your videos! They are always informative and positive.✋👌
    3
  30220. I don’t agree with the doom and gloom comments, I’m always learning something new or being introduced to a different perspective. Keep going, I love your videos!
    3
  30221. When in Rome!! I was there back in the 80's when everything was free......and a free-for-all driving on the beach 💜👍
    3
  30222. There is so much to see in Florida without a doubt. I am a truck driver, and my company is based out of Florida. I do run a few upper states, but a lot of my deliveries and pickups are in Florida and there’s always things I still haven’t seen lol.
    3
  30223. the highest interest rate in 40 years? hello 1983. are you kidding me? highest anything in 20 years? cmon...
    3
  30224. Here in Canada they are hiring temporary immigrants and the government is paying half of their wage
    3
  30225. How does the owner make any money if the owning cost is higher than renting? Unless they bought it a while ago I guess.
    3
  30226. All does areas you mentioned on CA are not desirable at all. I would not buy there myself. People that want to invest or buy in CA will not buy in does areas nor Riverside in General, but Riverside is an OK area. Florida will go down for sure, one reason the market is inflated by over 20 % in general. How much well, will see all depends when all the housing comes back in the market as well as new Construction. I also believe that many of the people that move here is temporary and will move back where they came from.
    3
  30227.  @MichaelBordenaro  Sending Love and Hugs your way 💞
    3
  30228. I'm Canadian and I want to relocate to Florida for the weather, due to health reasons. But, I'm terrified of the people.
    3
  30229. Have you considered doing a walk-along in the low rise residential area of Sunny Isles, west of Collins?
    3
  30230. Perfect and balanced, natural simple wisdom 🙏
    3
  30231. Your videos are simply amazing. I've learned so much and I share them with my friends and family to pass on the learning👍 Thanks and keep up the good work! 🎉
    3
  30232. I like how some of the comments by different people are word for word the same as other comments. How rare would that be if it wasn't fake profiles. Amazing!
    3
  30233. Hope it passes. Makes perfect sense.
    3
  30234. Insurance companies are equity companies. They make money by investing the premium payments of shareholders. Hit by down stock market. Lots of insurance fraud in FL; have had to pay out excessive claims.
    3
  30235. Great information! This market can definitely seem disheartening. Everything is so expensive!
    3
  30236. 1 More day I'll be living in paradise too!
    3
  30237. I have to admit. The food in California is amazing. So many options. You can get anything you want and it’s plentiful. I do think they charge way too much though. It shouldn’t cost $45.00 for a good lunch. We treat ourselves occasionally. Mexican food is excellent, but I’m more for Sushi and Thai which we have plenty of in California. But InNOut Burger is our addiction here. Cooking Salmon and grilling is my first choice. Another great Video.
    3
  30238. I appreciate all the things you share.
    3
  30239. Disgusting what that pastor did. Hope they get charged and convicted for fraud.
    3
  30240. Wow brave decision, and good for you following your dreams and goals despite what anyone else thought! You're really inspiring. Moved from Omaha to Tampa after HS..then to Miami on my own after nursing school. I've lived here since then despite being out of the country for 3 years traveling and working and came back in 2018. Off to NYC next week but I can't deny this place changes you as a midwesterner for better or for worse 😊
    3
  30241.  @MichaelBordenaro  Yeah it is hard though to leave but like you said you just have to do it and keep a positive attitude and blessings are sure to find you :)
    3
  30242. This is a super cool place to live...No stress,cool neighbors...Great boating both Ocean,Lakes...Sports;College,NFL...Great music live concerts...Just a laid back environment...Welcome to St Augustine...Enjoy..
    3
  30243. No sunglasses!!!! Great video, and great point also great advice on getting our of CC debt
    3
  30244. 32 yrs in Florida not 1 dime in outlay for Hurricane damage.
    3
  30245. I really enjoyed your videos of California. Now, I can see why so many people love living in California. If it wasn't for the politics & expense & wild fires, it would be a perfect place to live.
    3
  30246. Do people need fishing license to fish at the beach? Can people take the fish home?
    3
  30247. My wife and I are doing fine we are both retired on fixed income we have cut back on spending we had to up the amount we take from savings by $400.00 a month to supplement our fixed income, we retired with no debt and own our house, we are very conservative if price inflation goes up much more it will hurt
    3
  30248. I've learned the definition of a great school district means the school panders and begs you for money everyday........EVERYDAY.
    3
  30249. I am able to buy, not crazy price, but I would NOT buy and wait wait wait. Everything is too expensive. Let’s wait a year when 25% of people would be fire and force to go back to work at a real office. I am waiting the 40% / 50% drop
    3
  30250. Can you tell me where I can find a $200k place near the beach in FL? I’ve been hunting for 3 years.
    3
  30251. People need to realize that a REALTOR can and will represent buyers on new construction. Realtors are used to dealing with contracts and it costs the buyer nothing to have representation. Have a professional represent you when buying an asset like a home.
    3
  30252. the game changer is the f-ing wars coming fast
    3
  30253. Mike, take your older car’s insurance to Hagerty. I pay like $60/mo for an older classic Shelby Mustang. Stated value, no deductible.
    3
  30254. You hit all the salient points. One worry from hurricanes is that they can spawn tornadoes. That happened in the 2005 hurricane that came through Ft Lauderdale up to Boca Raton (Wilma, I think). A tornado was formed in Boca Raton that hit the southwest corner of Porta Bella East condos. It blew out all the floor to ceiling windows on that corner of the eight story condo building and pulled all the furniture out of those units, scattering it across the parking lot below. It was three years prior to my moving there but the guards told me the story as the guard shack sits at the corner of the property. The guard on duty ducked into the bathroom at the back of the guard shack and shut the door. The tornado broke the windows in the main part of the guard shack and essentially destroyed it, but he was safe. In the seven years I lived there (2009-2016) I witnessed Irene pass through as well as several large tropical storms. The only time I felt I needed to pull closed the accordion storm shutters was when I saw a tornado spinning north of me, up in Delray Beach (my condo faced north so I had a clear view of it). Hurricanes, just be prepared. Tornadoes, be scared. Lol
    3
  30255. Ironically when the market takes a dump.. & 3 generations of wealth is wiped out. They won't be able to give these homes away. It happened before & it will happen again. Enjoy the Decline 😎🍿
    3
  30256. I would say yes. Just wish that I could find like minded individuals to create a production team for various kinds of video projects.
    3
  30257.  @MichaelBordenaro  I just have always wanted to be apart of a film/video crew. Maybe doing such projects as documentaries, music videos, filming models on beach fronts, etc. I just figured that your significant other was a model herself. (No disrespect meant by that comment) You're a lucky man and have a fantastic speaking voice. I have been told the same by many who think that I should do radio or voice over work.
    3
  30258.  @MichaelBordenaro  I really ant to relocat
    3
  30259.  @MichaelBordenaro  Have you ever come across anyone that is needing someone as sort of a live in Personal Assistant/Housekeeper? I really want to relocate down there ASAP; & since it seems that employment if so iffie @ the moment , just thinking of some way that I can contribute. Looking for room and board situation, until getting on feet and circumstances may oossibly change. Just asking, you never know!
    3
  30260. Yes, absolutely. You know, sun, outdoors, healthy lifestyle. Enjoyed the video.
    3
  30261.  @MichaelBordenaro  do you believe it to be the same in Fort Lauderdale and Hollywood?
    3
  30262. You rule!! Great video as always… thank you!!
    3
  30263. Michael, If you really want the house next door, try a low ball offer, with no contingencies. Or a 5 day contingency for your approval of a contractor's (of your choice) written inspection. You can always live in the guesthouse & rent out the main house. If you qualify. Not a realtor but I've bought & sold several houses in Ca.
    3
  30264. Very good.
    3
  30265. Another informative video thanks. Pity it is a bit expensive but indeed a very beautiful town.
    3
  30266. 🔥🔥🔥
    3
  30267. Wondering how expensive gasoline is in Miami. I see so many Teslas in the background of these videos.
    3
  30268. Miami is very beautiful Michael nice walk and thanks ,greetings from the Netherlands!!!!
    3
  30269. I went from a 30 to a 15 and it was only about 150 more a month and when I did my last refi the bank started the loan at the years I already had paid San Diego county credit union
    3
  30270. One of the most amazing sunsets I've ever seen. Absolutely beautiful. Thank you for sharing!
    3
  30271. Thanks Michael, enjoy California. I love Miami also where you guys live. I moved from Europe long time ago, first to the Chicago area and later to California and love it all. Thanks for your video.
    3
  30272. Do you think the property values of homes surrounding the Ian affected areas like Tampa for example will increase due to the demand of displaced homeowners?
    3
  30273. Don’t take any of these offers !
    3
  30274. The reason for all homeless and all drugaddicts in the world moved to CA because On November 4, 2014, California voters passed Proposition 47, a law that changed certain low-level crimes from potential felonies to misdemeanors. They just get a citation ticket for using drugs or for shoplifting up to $1000, no more jail time.
    3
  30275. Yes exactly! Per Prop 47 the savings from reduced incarceration costs should be invested into drug and mental health treatment, programs for at-risk students in K-12 schools, and victim services. It's all B. S. Now they don't have not enough budjet to build a shelters for 30,000 homeless ppl. CA became a zombies state.😈
    3
  30276. Do you have roadside assistance, such as AAA? I’ve driven all over FL and there’s many roads in remote, rural areas or bad areas in general that you definitely don’t want to get a flat tire or break down on. 👌🏻
    3
  30277. I appreciate your commentary on envy at the end there. Solid wisdom to share, good on ya.
    3
  30278. I don't think FL has had a major hurricane since, I think the last major one that actually went through the state was 2017 which is surprisingly a long time ago for FL. I don't know how a lot of new residents who moved since 2020 will handle a hurricane, power outages/humidity for weeks, floods.
    3
  30279. the higher price is becaue the Fannie govt loan limit, it is about $400k different inland and coastal. Without the limits prices easily drop 30%.
    3
  30280.  @MichaelBordenaro  I've seen the dania one
    3
  30281. Couple in hot Denver neighborhood divorced last year and they put their house for sale for $2.8 million. House next door, identical but has one more bedroom than they have, sold for $1.8 million in 2021. They had zero offers last year and took off the market in November. It went for sale yesterday for $2.499 million and they will have zero offers again!
    3
  30282. LOVE❤❤HOME 🏡 PRICES DOWN ONLY ❤❤😮😮
    3
  30283. I like to add the unpaused in student loans payment. Over 18 billion per month evaporating from the economy. This will put the US in a recession faster.
    3
  30284. The law applies to 3 story buildings.and above
    3
  30285. Very sensible videos. Like.
    3
  30286. Rent control doesn't work the right way..... the right way would be the tenants' rent stays at a certain level (with moderate increases over time) and the gov't pays the difference between that and market rent every month the tenant is in there. That's the proper way to do it if you want decent buildings and would let the landlord remain profitable even with rising taxes and more costly repairs and maintenance..
    3
  30287. I moved from San Jose California to Murfreesboro Tennessee at 36. Then I moved from Murfreesboro to Cape Coral Florida at 38. You only live once.
    3
  30288. Is this your first time at the Siesta Beach?
    3
  30289. Lol , that's right, keep the bad drivers up north.
    3
  30290. I have never bought a new car......and I probably never will. I bought one on payments because I could not buy what I wanted cash. It was 21k so I bought it payments. I paid it off in about 3 years even though I had a 7 year loan.
    3
  30291. In my opinion, in order to fix the entire economy and housing affordability, in addition to other steps, in the US credit and consumption based economy, there would need to be performed two things; 1. The local governments should give up private property taxes, that'd make the housing more affordable. 2. The local governments should run mostly on sales tax. Therefore, they would support and deregulate the economy in order to increase consumption of goods, which also means more additional jobs, but the credit tightening should stay in play, which would more likely make people spend only what they can afford (what they have in their checking accounts). Better financial education would be helpful, as well.
    3
  30292. Wow those owners got a great deal for selling. Now they can buy a nicer place in a newer building.
    3
  30293. Wow, I thought the wage gravity had let up after 1999 and the internet took root. That idea scares me too. When I worked in Ft Lauderdale in 1996, I had a guy who came on board with a Masters Degree from UF, and tell me, "I don't even want to get paid. I just need something to do. My wife is from oil money ". And that was common. I would have no support from co-workers to help elevate wages. Everybody wanted to work in computers so bad, they would do it for almost free. A woman had a baby, and brought it to her desk a week later, so she could work. It has been the opposite story for me in the Mid-Atlantic up until recently, at least. You could get the opposite; people quit to move on to higher pay, or they just sit on their hands all day surfing the internet, so your contribution of just doing work, keeps your pay going up. Recently, it has started to suck up here to be a worker also. You really have to be in a protected class (immigrant, H1B, a minority, a woman, or married with kids and complaining about it every 5 minutes), to get the red carpet treatment at work. If you exhibit any signs of success, wealth, and forward momentum, the Socialists will make your life a living hell. You get fired first in any downturn, blamed for every problem, worked the volume of 3 people, supervised all day, overtime, weekends, no break 24/7, and you can forget about "friends at work". In general, exchanging hours for dollars has become a Fail. You need to be like Michael B and have a life of commissions, sales, and side gigs. Own your business, don't expect a boss to appear out of thin air with answers. Sadly, we often do the latter.
    3
  30294.  @MichaelBordenaro  I'm trying to decide where to move on the east coast. I want to live somewhere I can surf regularly and hopefully meet someone my age (35) since I'm single. Maybe Cocoa Beach, Vero beach, Jupiter Beach, or West Palm Beach. Thoughts?
    3
  30295. There’s no cash flow in San Diego as well, you compare the rents to the mortgage payment on Zillow the rent is about 30-50% less
    3
  30296. Hey Mike! Like your video... But for 900 Square feet. That a lot of money, Plus the association fee. You can buy a New Construction house for that price
    3
  30297. Inflation going down is still a long walk to take, especially with the current unemployment report. People waiting for the market to crash would have to wait years because right now, it's not happening. Great breakdown, man! And wonderful scenery out there!
    3
  30298.  @MichaelBordenaro  To live there it’s not to bad
    3
  30299. New Smyrna and Sébastien for surfers (Florida's most consistent waves)
    3
  30300. This is exactly how the great depression came about
    3
  30301. 08:15 When those Yachts disappear then the crash is here .
    3
  30302. My rent went up 19% in Salt Lake City
    3
  30303. I finally figured out who Lisi reminds me of... Ever watch The Cosby Show? Remember Theo's math teacher "Mrs. Westlake"? LOL!! She was played by a beautiful Brazilian actress named Sônia Braga. :)
    3
  30304. Where is the 1950’s house located? You didn’t say! Thanks!
    3
  30305. Also I have rented anywhere from a weekend to 2 months at a time and done all of these through vrbo.
    3
  30306. haha your funny richmond is straight hood
    3
  30307. Inflation is trending downwards, therefore the interest rate hikes are going to be less severe going forward.
    3
  30308. What you are describing is not only true of Florida. Suburbia Pittsburgh has the same situation, houses are selling faster then ever and for more then asking. It will all settle and level out.
    3
  30309. If I owned one of these buildings, Im not gonna have people vote on paint color. Im just gonna do it. Then make people pay for it, not good. Im gonna pay for it and do what I want. the reason people pay high rent is because the owner is supposed to take care of it with $ they made, to make things nice for tenants. People always wanna take and never give.
    3
  30310. Layaway at Kmart...lol. I remember those days.
    3
  30311. Excellent, Michael. I live in Miami. Had real estate in 2008 here and it was exactly as you described. I want to buy but don’t want to make another mistake! So trying to figure out timing, location, etc. The waterfront condos are tempting but HOAs, insurance, assessments, etc worries me. I am open to other areas, like Palm Beach County. Would be great if you could do video of where to buy in Miami-Dade and alternative locations. Really on point! Thank you
    3
  30312. I’ve worked from home since 2011, I won’t ever go back to an office or field office
    3
  30313. I will have to get a second mortgage on my house just to get Wendy's meal during rush hour😊🎉
    3
  30314.  @MichaelBordenaro  congrats on doubling your BTC buddy😃 Elon Musk pushing us to the moon today
    3
  30315. That garden-style rental building at the end looks well-kept; still has the original (inefficient) jalousie-style windows, and no central AC.
    3
  30316. I pay $925/month for a two bedroom in Cocoa Beach, FL (near Cape Canaveral) and I live 1 block from the beach. That is cheap.
    3
  30317. Hmm...wondering if we could name a body part for each America’s state...? 🤔 What could it be? Lol
    3
  30318. It depends on the job market. I work in luxury fashion retail, so there’s mainly Bal Harbour and The Design District to look for that. I would live closer to these shopping areas, investing wise the same or something relatively close.
    3
  30319. Michael Bordenaro Michael Bordenaro I agree! And yes, I saw that there were on my last trip, last January. Thanks for the great, informative videos! I definitely will contact you for anything related to this in the future. 👍🏾
    3
  30320. No I'm not investing once I get there bcus I gotta see what jobs are available for me. I also want to see how's the whole process on starting my own cleaning company.
    3
  30321. Yes, vacation rental investment.....we LOVE your channel and videos. Thank you
    3
  30322. I live in Florida for the past 5 years and I see the housing market keeps going up despite the low interest rates. I worry that with the next market crash investment properties will suffer the most. What do you think?
    3
  30323. Is it possible for a foreigner to purchase a property in miami .
    3
  30324. You lifted my spirits about working period. You’re the best! As far as that boss at Papa John’s goes, he was jealous of your good looks. I agree with Lizzy!😊😊
    3
  30325. Good one Mike I am glad you ventured out a bit today and saw the "real" Florida lol. I used to live in nearby Davie. Yes people are not selling those homes with the interests rates the way they are. Yep you are not kidding about home repairs too. I older house has had 1000's in repairs just in past year, Hvac, plumbing.,etc. People need to be prepared. Thanks for sharing.!
    3
  30326. Thank you for pronouncing "Ocala" correctly .......and you should see the square at Christmas :-)
    3
  30327. Mike, do a video on the villages and retirement communities. Good job.
    3
  30328. Inflation is not transitory,you are correct! Compare the value of a one dollar bill from 1930 to now, and 1 ounce of gold from 1930 in the value now, wake up people! I would highly recommend folks listening to the X22 report it is banned most places, the host is in total agreement with this gentleman be prepared because shit’s gonna hit the fan soon!
    3
  30329. Open Door just got fined $62,000,000 for deceptive practices....let them eat crow
    3
  30330. Great Video and information. I would want to be able to work on my car, I did for many years. I had a mustang and like to crank some music too. I guess I would be looking for a house outside the major cities.
    3
  30331. Hi Michael 🌻 Looking forward to seeing your better half again soon . . . Miss you Lisi ❤
    3
  30332. Great point on CBDC, government can control the total available CBDC where bitcoin is set and does not change. Definitely not the same as they would like you to think.
    3
  30333. I expressed to my mom to buy a house now because it could be possible that we wouldn’t be able to in a few years due to prices being unaffordable.
    3
  30334. Somewhat profit, not likely a killing because of currency devaluation.
    3
  30335. What camera are you using? I love it
    3
  30336. Great Video Michael. I'm going to eventually shoot the same video about Las Vegas on my Vlog. People complain about Californians invading Las Vegas. Thanks for the video idea.
    3
  30337. Florida is already falling in prices, and thats in historical data (last 2-3 months). Its just getting started and will continue. As these homes sell for less, comps become lower, and that continues the move downward in prices. Wait 6 months, we will be down 15% minimum from current.
    3
  30338. Loved your music! I learned about fasting from Reading The Obesity Code by Jason Fung. Most weight loss books are shit but this one is an absolute game changer if weight loss is your goal. I've fasted up to 3 days, and put myself in a plant based diet. Fasting does so much more for the body than help you lose weight when your digestive system is able to rest your body can work on repairing other parts of the body the benefits are endless and I or anyone to look into it more there's even been studies that have proven that people who fast regularly have lower cancer rates
    3
  30339.  @MichaelBordenaro  it improves insulin levels, acne, even my hair improved.
    3
  30340. Is the grass in the parks in Florida that you've been to full of fire ants or other insects that you may not want to lay down on? I like to do my stretching and exercise at the parks over here in IL (ohare area) and the grass is clear of all that. I remember in Alabama we would get bitten by ants and chiggers if we laid in the grass there.
    3
  30341. What go’s up must come down.
    3
  30342. Please explain how come Dow Jones is around the 30.0000 compared to the other times example 2008,2012....where is the money Michael?
    3
  30343. Now realtors are not saying we are taking offers to see who would pay more , not a hot market anymore , and it will get much worst it just started , cheers
    3
  30344. Congrats Michael !!! I'm happy for you and glad I can help 😊
    3
  30345. Restaurants are terrible. The quality of the food is really bad now.
    3
  30346. HAPPY BIRTHDAY!!!🎉🎉🎉
    3
  30347. Thanks! I really needed an insiders POV!
    3
  30348. People goin crazy
    3
  30349. Hilarious that 34 is a “young adult”. It’s middle aged lol.
    3
  30350. Great unit. Makes perfect sense to rent.
    3
  30351. I visited Russia in November and the food prices there are 3-4 times cheaper than in the US; Tucker Carlson was there in February and said the difference is 4 times. That's too much! Are American farmers supposed to use the most advanced technologies to be super-efficient so their food should not be that expensive? In Russia BTW farmers never had luxury of 3% credits, and gas prices are comparable with the US (except for socialist states like CA).
    3
  30352. NO RATE CUTS IN 2024
    3
  30353. Property taxes and home insurance are generally higher in Florida.
    3
  30354. We just bought a house but it has nothing to do with mortgage rates we just got lucky that they happened to go down a bit. We are under contract because we found a house that we like but needed a lot of work that I will be doing myself. We are coming to the end of our lease and we are ready to purchase a house.
    3
  30355. Imagine we start seeing double digit mortgages though
    3
  30356. Hello Michael ,talking of floods ,takes me back to 2007, the local river burst its banks and flooded part of the city, further downstream , some houses which were situated near the river were totally Inundated with the flooding, a woman i knew said the river went in through her front door and out of the back door, the other thing is after the clean up the insurance costs for the houses went sky high, making it nearly impossible to be covered if you could get it to start with ,there has been a lot of housing built in the UK on flood zones ,sometimes the house owners were totally in the dark about the flood risk.
    3
  30357. I am thinking about moving to Hollywood, FL. Are there any "questionable" or "bad" areas to avoid there? I am moving from Nashville, TN :) I am a single teacher. Thank you for your help and insight
    3
  30358.  @MichaelBordenaro  Great !! Thank you for the reply :) I will keep that in mind as I look for apartments.
    3
  30359. Another great video full of info. Keep up the good job Michael.
    3
  30360.  @MichaelBordenaro  Thank you Michael! We can't wait, we are excited to experience Florida as our home state. And we are grateful we are able to flee NJ.
    3
  30361.  @MichaelBordenaro  thanks for the encouragement! I really needed to hear something like that!
    3
  30362. That is the widest beach I ever did see. By golly!
    3
  30363. Great job 👍🏼
    3
  30364. Totally agree!
    3
  30365. You got that right for shure , always great videos , cheers
    3
  30366. Bike through Sausalito every week. Fantastic spot.
    3
  30367. Honestly looks amazing haha
    3
  30368. Michael, you said you don’t want to be political in the videos, but you often are. When you talk about no “lockdowns” in Florida that sounds like code for the governor’s policies. I know of few Democrats who use the term lockdown. Re-watch your videos when you talk about no lockdowns and not liking being told what to do. I do very much like your videos, but your conservatism shows, even if you don’t think it does.
    3
  30369. Hi Michael Great ideas and info. Service jobs are always in demand. Thanks for the video.
    3
  30370. Love listening to this guy! 🙏
    3
  30371. Would be great if you can keep videos coming after each city, or get some live stream while you drive through or walk in some amazing places
    3
  30372.  @MichaelBordenaro  it will be exciting to see the videos right away. So we can interact with you in the comments 😀
    3
  30373. Had to watch during lunch break
    3
  30374.  @MichaelBordenaro  Yea it seems like a nice state but i know nothing about it
    3
  30375. The biggest factor in getting ahead: LUCK!!!!!!
    3
  30376. Michael, your videos are fantastic. Have you sold your 1 BTC that you bought at around $25k?
    3
  30377. We also have the olympics coming in 4 years so gotta start sweeping now. I don't care. Whatever it takes. We're sick of the homeless issue because all of the money we're taxed and shit we have to put up with.
    3
  30378. I love all your videos! My favorite are about saving money. I like the Ebates, Amazon, and the one about different bank accounts. I like the different topics but saving money could be your main topic. Keep them coming Mike. Jake’s suggestion is video games God of War.
    3
  30379. Michael Bordenaro Good idea!! Sounds great
    3
  30380. Nice video.thanks
    3
  30381. I like seeing those axes on the wall. One of these days you should play us a tune🤙
    3
  30382. 1st
    3
  30383. Your advice is spot on- I hope newbies are listening!
    3
  30384. 64% of Americans say they are living paycheck to paycheck. Let the good times roll.
    3
  30385. I enjoy watching your videos. Thanks, Michael!!
    3
  30386. Wow nice 👌
    3
  30387. I just watched a YouTube documentary that these investors are pushing out the people that live in the mobile homes in little Haiti..Little Haiti sits on a higher elevation of land..so less flooding..Sneaky Investment companies are trying to get their hands on the land..to reconfigure the entire area to build up ..Its so sad
    3
  30388. Many of those homes purchased by the ibuyers, like opendoor have been sold off to rental companies in bulk sales.
    3
  30389. How does someone who has the amount invested to lose $9 million not see through the B.S. about us not being in a recession right now? I get denial, but that seems counterintuitive for the awareness you'd need to accrue that much wealth...
    3
  30390. Great walk and talk. Always a good update thank you 😊
    3
  30391. Hey when is the next beach vid?
    3
  30392. the prices might have went down but they are still to high. there is still a bubble and bubbles eventually break
    3
  30393. HOA and condo association conflict nightmares from the start or conflicts that simmer overtime leading up to intolerable living conditions and neighbor relations are the risks moving into a condo. It’s reason I sold my condo about a decade ago and vow never to buy a condo again. At least with a rental one can leave when the lease is up. A single home property has more privacy and options overall compared to a condo.
    3
  30394. Paying ten thousand dollars a month and then realizing your in Florida .what a joke .Sept 15 it goes up another 75points .
    3
  30395. The global population balloned with the debt. Collapsing the debt means collapsing the population, here and around the world. It's already happening.
    3
  30396. I learned so much just watching your YouTube videos..Thank you
    3
  30397. Thank you for doing these trip videos. I love Fla and have been thinking about moving down. This is a big help so I plan on watching your other videos. If anyone lives in the area, do you get a lot of severe weather like Tornadoes and hurricanes? I’m already in Tornado alley and wanting out! lol
    3
  30398. Dude's living that beach life 🏄 ☀ nice
    3
  30399. I don't remember this much flooding on that day. Could be I either spent most of the day at home or the water had absorbed by the time I got out.
    3
  30400. How warm the water is in the winter? what temp range?
    3
  30401. US city with the longest rent control history = NYC. US city with highest rent = NYC
    3
  30402. Great video, as always! 😊
    3
  30403.  @MichaelBordenaro  I’ve just checked it but I wasn’t talking about that part of the island. We went to a much better part as you just enter the island it’s to the left. It is free to enter and parking is also free, the parking lot is huge. The coconut palm trees are just few feet away from the water. It’s Crandon park area. They have a kite surf facility there. It looked like you were on an abandoned tropical island. We didn’t want to go to the light house. If you haven’t visited that part of the island, do it! I took amazing pictures there. Just sent u some pics on Instagram I took there. Check them out.😎
    3
  30404. This was all market manipulation to artificially inflate home values to cover the Boomers lack of retirement funding by shifting the burden of their retirement to younger generations.
    3
  30405. Hey Michael! Do you have IG?
    3
  30406. Good video,thanks.
    3
  30407. Good to present a flip side of life in Florida. I like big rainstorms, though a flooded parking garage would not be great. The water recedes quickly. Why did the elevator fail? Are the electrical components in the garage? Lots of flights of stairs with high heat & humidity (especially, with groceries or other large items) would be a pain, but your heart got its cardio workout for the day! When I had an Alfa Romeo sports car, I would have had to be grounded in water like this, as it rode very low, and Italian engineering did not mesh with moisture well at all! In some parts of Florida, homes on the coast have to be built on stilts to guard against flooding. (same with some beaches in the Carolinas).
    3
  30408. You should visit Margaritaville in Daytona. I visited my girlfriend who lives there and it’s awesome!
    3
  30409. Hi Michael if your renting a condo .. do u have to pay any Hoa fees ? Ty
    3
  30410. Michael Bordenaro TY !!! Appreciate it
    3
  30411. iT IS STRANGE HOW THEY SAID PEOPLE NOT WANT TO WORK DURING PANDEMIC. tHEN BUSINESSes had cut 25% and no one can be hired. Shortages in teachers,nurses, police officers,waitresses resulted. So now 2 years later we back to normal. So why tech laying off so many? I know a man graduated from college so meta hire him and he the first to be laid off. So sad now more layoffs of thousands of graduates from past 4 years. Bottom line is if you not have a union,your screwed
    3
  30412. So you'll be staying in Florida?
    3
  30413. How about if I want to buy an apartment in Miami Beach are there apartments for sale ?
    3
  30414. Great vid. Merry CHRISTmas. Michael.
    3
  30415. 1st!!! (great back story and school loan insights)
    3
  30416. Fear of heights ~ fear of elevators ~ embarrassed over my fears ~
    3
  30417. Bought in 2018 at 30% of present value..turning down offers daily...125% of purchase price!
    3
  30418. I think it would be more difficult to see everything on a rainy day drive. I prefer nice weather
    3
  30419. Anybody who thought the FED would pivot before April of 2024 and before we saw 5%+ unemployment and before we see at LEAST a 20% housing market correction and recession, doesn't know a single thing about economics. It's going to be a LOT worse than those numbers by the way. This administration is close to incompetent but even THEY know that a 2-year deep recession and crash beats hyperinflation and the total destruction of the value of the US dollar (which is caused by printing and handing out even more money). This is mathematically a roughly 25% larger bubble than 2006-2007 apples-to-apples so it'll be another 2008-2010 situation at the minimum which sounds bad, but we rebounded just fine from 2012-2019.
    3
  30420. prices went up around 10-15% as well in rhode island, my house was worth 350, now we might get 400k for it.
    3
  30421. Hi from Australia and thinking how to make money now.
    3
  30422. Cities and suburbs need to legalise apartments and town houses to lower these ridiculous demand levels
    3
  30423. Mike, lot materials to remember to talk about every video .. Good job ! This is the trademark for your videos on YouTube Glad you are walking in shades when you can
    3
  30424. Sorry Michael there’s HoAs in Charleston where all the houses are old and different .
    3
  30425. Great video Michael!
    3
  30426. Yeah and hearing about possible erosion on their foundation with steel beams it reminding me of your video about how the salty air rusti your brakes
    3
  30427. I’m 44, divorced 3 years ago, lost pretty much everything financially. I decided to start my own business and storing around $200k every 5 months. I am in savings mode… I hardly take time off… I’m trying to catch up. I don’t know what to invest in…. At this point it’s just working.
    3
  30428. Over 30 years in FL and I've never been to Key West. It's a loong drive from anywhere. I don't drink alcohol and don't particularly like being around people that do, so I guess Key West will remain off my list.
    3
  30429. This was so interesting, Michael. Greetings from Naples, Florida. Thanks for sharing this with us.
    3
  30430. Omg have you seen the news lately? What's going on in Miami Beach with the shutdown?!
    3
  30431. MIAMI. THE NEW BEVERLY HILLS
    3
  30432. There are a few buildings in worse circumstances in that area.
    3
  30433. That was a great video.
    3
  30434. This is a great way to retire with real estate. You can use the house as a collateral to take cash out, if you die or unable to make payments , the loan is default
    3
  30435. Arizona is a safer place to retire to
    3
  30436. Hello from Queens planning to move to Orlando area :) 😃
    3
  30437. The luxury lifestyle is normal in south Florida
    3
  30438. Is that guitar ever gonna be played or is it just decoration? :)
    3
  30439. PREACH IT!!!!!!!!!!!!!!!!!!1
    3
  30440. If you want to live in freedom and not government oppression, what state do you think you want to live in?
    3
  30441. Michael,....Southwest is adding Miami International to its schedule so it will be even easier for friends or family to fly back and forth to visit. Now you don't have to go to Ft Lauderdale/Hollywood. You could be in Florida in the morning,....fly to Midway/Chicago,.......and be eating deep-dish pizza with mom by early afternoon,...just a thought.
    3
  30442.  @MichaelBordenaro  you from Chicago i live in milwaukee right next door
    3
  30443. Everything you said is how I'm feeling right now. I want to get the hell outta Cincinnati Ohio!😩
    3
  30444. That is true. Back in '08 thru '12, plenty of FL condos and single-family homes in decent areas could be found for less than $100K and as low as $50K, but those properties were in bad shape and needed a lot of work. Most of those condos had high HOA fees ($500+ per month, back then) and large outstanding special assessments due. I bought four short-sale or foreclosed properties during that time. People that had cash and bought those properties and did the repair work turned out to have made good investments, and their properties have doubled or more than tripled in the last ten to twelve years. But on the other hand, the DJIA closed at 6547 on 03/09/09 and at 33290 on 06/18/21; that's a 408% gain over 291 months!
    3
  30445. Florida is amazing, plus you guys have the best damn governor ever. Wish my governor had a back bone like DeSantis
    3
  30446. Michael,....absolute true story,....my girlfriend and I (from Baltimore) just got back today from a week exploring Bryce Canyon and Zion National Park in Utah. We flew into,..and out of Phoenix, and when I had a few hours this morning (while she was getting a few hours of ''color'' at the swimming pool) ) I watched Graham's video about leaving California. Tonight after we flew back to Baltimore we were having a few drinks while winding down and your video came up as a ''suggested video'',......absolutely amazing. Sometimes in life, you have to move on,....like you did from Illinois to Florida. If California didn't suck so bad people (Ben Shapiro, Joe Rogan, etc, etc,) wouldn't be leaving,...the California Dream is dead,...may it RIP. And if ''Cali'' people are so awesome why is everyone who lives in the towns they are moving to so depressed and realizing their lives are forever ruined?/
    3
  30447. I'll buy it on my own. I am familiar with the paperwork and title agency will wrap up the rest. I've sold all my houses and just paid the Buyer's agent. I think Seller's will suffer or they'll have to lower the price.
    3
  30448. The wedding costs and honey moon are frivilous expenses. A child is expensive. They are also a legacy and inspiration to create wealth that opprotunity should not be passed up.
    3
  30449. Awesome video, I watched it again. There is an island near by right before Key Biscayne called Virginia Key, it’s great for bicycling with many rough trails.
    3
  30450. How would you compare Emerald Coast beaches to the St. Pete area?
    3
  30451. I am enjoying your videos and am now reconsidering Florida for my future move even though I don’t tolerate high temperatures and humidity well. I need quiet, stars, & ocean but I have a fear of alligators and crocodiles. Is my fear irrational?
    3
  30452. there is one other alternative they could use, and that is to reinstate the gold standard.
    3
  30453. Like the big boys are saying mike its only just begun
    3
  30454. Love your story
    3
  30455. I live in Labelle Florida , two hours away from Miami and brand new homes are starting in the 200k - it’s been a buyers market and I don’t see no slowing down anytime soon . It’s a great town and 45 minutes away from Ft. Myers Florida.
    3
  30456. Disappointing they’re not selling the MBS. I wonder if it’s because there’s no buyers? I see their balance sheet has been going down and they’re probably just letting the assets mature instead of selling and slowing down their buying. Probably a smarter way to do it, but I was hoping for sky high mortgage rates so we can be 100% cash buyers at lower house prices. Plus the benefit of lower property tax and insurance.
    3
  30457. Wait till the students come back
    3
  30458. wait for it to crash then will be very easy
    3
  30459. Can you make a video talking about where to live in Florida if you don’t like the heat of Florida but still wanna live here? 🥵🔥 🌴❤️ Btw I don’t think it’s is possible to get tired of your videos! Greetings from Sweden 🇸🇪
    3
  30460.  @MichaelBordenaro  okey 😁 many thanks!!
    3
  30461. Mike … happy thanksgiving!!! You are working on this holiday. I have a very interesting real estate story . Back in 2005 I was living in West Palm Beach and real estate market was hot . It was so hot that people were selling by owner. No realtors involved. So a seller had a house for sale $450,000 and a buyer is interested and willing to pay the $450,000 but the buyer lies about the sold price and say $400,000 so that the property taxes would not go up on the new buyer but the seller still gets $450,000. I saw this going on a lot .
    3
  30462. Thank you for today’s video. If you happen to be up late tonight,,, I would love to see how the weather is when things happen. Keep safe and God Bless,Carlos ✝️🙏❤️😊❗️
    3
  30463. Beautiful views there and it obvious that the 1% don’t have insurance Issues. Money talks. Like our country the insurance industry needs an overhaul. What’s the point of paying thousands upon thousands only for the insurance companies to either go solvent or deny claims. As always, thank you for sharing 🙏
    3
  30464. You forgot mud slides in California. Too bad thew state is so screwed up! Otherwise we would try it out but people are leaving California. Not many are moving there! The homelessness should be paid for by the high taxes they pay in California! We have micro climates in NYC too! Since you are into guitars my hubby is and he watches this youtube channel Norman rare guitars. A guy who works there is phenomenal! His name is Micheal Lemmo. Did you go there? Are you familiar with them? Thanks for another super helpful video!
    3
  30465. i have a lot points on Credit card , i wait till the crash happens then go on vacation.
    3
  30466. Awesome idea! If possible and have the time, would so appreciate more info on: St. Augustine (so unique), Ocala, Sarasota, and Clearwater. Really appreciate your videos, as they're helping out this Californian with Florida info and a possible move. As always, all the best to you and stay safe :)
    3
  30467. Where's the guy with the leaf blower???
    3
  30468. Very good i alway get the best information from you
    3
  30469. I am Polish from NJ and just yesterday I purchased a piece of property in one of these cities Michael mentioned
    3
  30470. Winter temps went to 30 below when I lived in Colorado and Utah.
    3
  30471. We are at the stripper scene in The Big Short. “Wait you own how many houses”. Then he calls NYC and says short it all. Most Americans are oblivious just like 2008. No one wants the party to end, but it will. It always does.
    3
  30472. thinking about moving there from Norway^^
    3
  30473.  @MichaelBordenaro  That's exactly what I'm hoping for 😊 and of course riding my mc more often
    3
  30474. He has a gold-diging girlfriend problem.
    3
  30475. Good stuff man and very inspiring, a once GREAT city - Chicago is now lost, to me there was magic in the streets in the lights and in the skyline. Always inspiring Chicago made me the Photographer I am. Big cities like Chicago and NYC are loosing tons of talent and making their way to Southern Florida. Every breath I take I'm thinking of Miami and May 1st cant come sooner. Your videos are really good man, never quit and it will come
    3
  30476. I’m from southern Cal. This is amazing for 3000 a month!
    3
  30477. Looking very nice.
    3
  30478. Thank you Michael for your thoughts about ways to stay some where 9n vacations. I do like the hotel stay a lot. I have traveled so much with the airline industry that I have my membership points. I continue to seek good room rates and always including a week day Friday or Monday for me.
    3
  30479. House pricing has been dropping 2% every month since July 2022. Between July 2022 to July 2024 I expect housing in Florida to drop 38% I expect during that same time frame most Stares not in tourist states housing will drop on average 34%>
    3
  30480. Come on Houston papa needs a new home.......
    3
  30481. In a 20 min Video from Michael I learned more about the housing market than in my entire time in middle & high school.
    3
  30482. that's what's up.. Merry Christmas Mike. have I mentioned lately, "Not one day passes that I wish I was there?" So here is the current update. Been working two jobs. On my spare time, I've been improving the landscaping (aesthetic value) of my current home. All things Japanese. Even learned how to lay down concrete on my own. Do they have anything like a Japantown in Florida? I already know of Epcot, but what I am asking is there anything like a Japan-town? Until the day comes to pass, I know Florida is the place to fuse things together, i.e. Japanese, Spanish, and Modern Architecture for today's minimalist. Things I hope to continue to enjoy moving there: Real Estate Investing, finding the savvy prop and keep it going!!! Triumph Motorcycle Dealership Aston Martin/McLaren/Lamborghini Trader Joe's /Aldi's Neighborhood Walmart local Ramen Houses/Sushi/Boba Tea local fitness centers that won't bleed your bank account Lowe's because the home 'is' the Canvas. getting my first motorboat for my family. Been craving for some Blue Chair Spiced Coconut Rum, extra shaken with sliced lime on the rim https://www.google.com/search?q=blue+chair+bay+coconut+spiced+rum&oq=blue+chair+&aqs=chrome.1.69i57j35i39j46i175i199i457j0i131i395i433j0i395l6.4075j1j7&sourceid=chrome&ie=UTF-8 the things I would rather do to spend my time..... Can I get an Amen?
    3
  30483.  @MichaelBordenaro  anything like that in Orlando besides Epcot? Not that I don't mind Epcot, I just hope it's extensive. I was raised in the spirit of Martial Arts.
    3
  30484. Another great video🙃🙂
    3
  30485. Thanks Michael!! 👍I also think there is a covid factor that has psychologically affected people and makes them more scared to move ! Specially in a state like Florida and city like Miami which was never completely under lock down !! They have the weather and the beach and the house ! I know I wouldn’t want to move out !! Lol !! Covid lockdowns has had a huge effect on mobility across U.S!! I also have a request Michael , what is rent to buy option ? Is it a scam !! I often see it advertised , at the face of it it’s attractive for people who are not sure about the area but is it double ? What’s the wisdom behind it🤓
    3
  30486. This northern cal property sounds like a residual from 2005 to 2006 real estate fiasco. The loan balance is more than its worth. No, the place is staged by the professionals. The bank does a little bit to entice selling. I wish people don’t buy from flippers.
    3
  30487. Awesome mike
    3
  30488.  @MichaelBordenaro  Thanks for the reply! That is very interesting prospective buyers don't really mention it. What do you think about it though, do you think it is a legitimate concern going forward?
    3
  30489. I wonder if this is a part of the scheme to kill all the brick and mortar stores. Online shopping will accelerate digital transaction, currency will become all digtal.
    3
  30490. 1
    3
  30491. congrats to the both of you! Well deserved and enjoy
    3
  30492. Great video! Minimalism is essential Purchase rentals in the Midwest in cash
    3
  30493. Please don't say Jax...
    3
  30494. I like how everyone assumes that prices are simply gunna drop because they went up trust me im from Canada and people thought that 5 years ago and look what happened. Everyone is moving to Florida some due to weather but most due to politics so millions more are headed down.
    3
  30495. 1st
    3
  30496. Does furniture come with the apartments and is it new or from the previous tenant?
    3
  30497.  @MichaelBordenaro I have seen new construction homes that come with furniture. But it could just be staged.
    3
  30498. I watched this GREAT video several hours ago, while I was at work. I wanted to write you a long message, because I was so excited to see this video, and hear all that you had to say. First off, I KNEW you would feel all of the feelings that you mentioned. I am not surprised at all that you got back to Miami, and still felt sad about getting back there, because you felt so comfortable in many other more slow-paced areas of Florida. There are so many beautiful areas of Florida that are much cheaper. (I know this market is crazy, so things are not as low priced as they were.) Still...I know you feel ready for a change and a slower, more mellow pace/place. I only hope that you and Lisi are able to make a move to someplace in Florida where you both enjoy and feel comfortable. I am very curious about the places that you really enjoyed, and look forward to seeing more videos, and hearing about other trips that you take in Florida to even more areas. I have always loved the Gulf side, as it is beautiful and more slow-paced. Certain cities in the panhandle are beautiful, too. Lisi can definitely have a successful dog walking business in ANY city in Florida. People will love and appreciate her services. I know you will be successful, too! Have you seen Traveling Robert's You Tube channel? He is from Miami, and travels all over the country in his RV, but his home base is still in Miami.
    3
  30499. Best thing to do is to buy a house a few blocks away.. Sea air water eat concrete.The assessments are so high to fix and repair.. HOAs suck.. The people in building are taking sides on cost.. if a few default on HOA money others pay.. The constant arguing over how to fix the building... Dont bother get a single property. .
    3
  30500. Any pre-foreclosures in your area what area. What county is this?
    3
  30501. Holy cow! A house being sold in Miami for less than a million dollars! Nice to see! Yes…if you can save any extra money you get, rather than finding ways to spend it, you’ll definitely be better off! Great video, Michael!
    3
  30502. Love your videos man. You do a great job on the variety of Florida. Wife and I just relocated from Texas to Pensacola and are loving it. Keep up the great work! Also, bet you're feeling pretty good about that Bitcoin purchase now!
    3
  30503. My first time there was 2014. I was indifferent. Didn’t hate it didn’t love it. But that area between Cape Canaveral and St Augustine generally seems cheaper opportunity to live on the beach
    3
  30504. Isn't it too early to know? I'm not in a high rise, but I'm on the top floor of a cement building, so I'm paranoid, as I'm sure lots of people are.
    3
  30505. 12:44 Amen. Tell that to the over populated low income neighborhoods. They don't have kids.... they have villages!! 🙄🙄
    3
  30506. Should you have waited instead of buying?
    3
  30507. Hey Mike, Been a while - i know. A perfect day of seven days would be waking up in my Florida coastal estate or industrial brickwall condo in Orlando. Feed my family breakfast or whatever, get my wife's blessing, spend the next 4 hours either on the road or race track on my choice for the day, usually British Exotic engines, then meet up with the family at Sea World or the beach for some prayer time. Because all things beautiful reminds me how God still loves His humanity despite our broken and fallen condition. Then, wait for it! CHING - Coconut Martini's and the Sunset.
    3
  30508. Saw on X that Hollywood celebrities are moving to Florida
    3
  30509. Awesome video. And where would you say are the good places in Florida for BUSINESS and the bad (or not so great )ones?
    3
  30510. Nice
    3
  30511. Wow the process is very different than Canada (or at least Ontario, where I practice) when it comes to lawyers and titles! You must have a lawyer, and there is nothing called a "title company", it's just a single entity that everyone in the province use! I've also noticed from discussions I see on a Facebook group that mainly has US realtors that appraisers have a lot of sway, when here in Canada the appraising process is mostly a formality!
    3
  30512.  @MichaelBordenaro  Would be nice 🙂
    3
  30513. Michael; In my business (trading business), it is called a "dead cat bounce". People who are suckered in at this point in time are going to rue the day they were. :(
    3
  30514. Agree! 100%👏👏👏
    3
  30515. Michael just a quick question as thy are converting some of the hotels to studios to create airbnb spaces, what do you think about purchasing an Airbnb Friendly (legal) condo in Brickell . There are many opportunities between 300 - 500 k but it seems assosiation fees ( 450 to 1000 usd) and yearly taxes are so high . Do you think that business survives when we add the mortgage, property management and other related fees?. Thanks bro enjoy the beach .
    3
  30516.  @MichaelBordenaro  appreciated man
    3
  30517. Don’t forget, no tenets had to pay their rent during the Shanghai virus.
    3
  30518. You know what, same thing happened to me. A couple years before the 2008 crash, I drove by this condo complex and thought "wow, this building is so nice. I wish I can live here but I cannot afford it". Then in 2011 I bought a condo there when the prices were down 50%. So maybe I should drive around and say "wow, I wish I could buy this house but I cannot afford it". Who knows? Maybe one day I will own of them xD
    3
  30519.  @MichaelBordenaro  they force us to pay...it's criminal.
    3
  30520. This has been happening since the 1990s my townhouse mortgage I had since 1989 was sold & later I refinanced from 10.5% fixed to 9% fixed & that mortgage was sold eventually my mortgage & one my 401ks were both with Wells Fargo my final 15 years fixed rate was 3% fixed
    3
  30521. Ty so very much.
    3
  30522. You look damn good to not have tried to be an actor.. ! i thot men in florida look gud in general but you are something else!!
    3
  30523. bug can not live with California pollution
    3
  30524. I love Godfather movies good find. Thank for sharing.
    3
  30525. Florida is doing the right thing in making it law to maintain condominiums, but it will be rough waters financially for condo owners.
    3
  30526. There is no such effort to save the housing market. They would not have prepared for and begun the massive new student loan debt collection effort if they cared about the housing market lol
    3
  30527. Yes, Michael, I would like to know the difference between a condo and an apartment. Thanks
    3
  30528. Great video man” but that jeep in that parking garage should be okay as the water wasn’t high enough to reach the engine compartment and that that jeep was sitting pretty darn high, but again great and nice video, thanks for sharing still thinking of moving to Florida and Miami/Fort Lauderdale is still my preferred choice vs the other Floridian cities and towns... Tony J. from the Midwest...
    3
  30529. Enjoyed video thank you !
    3
  30530. Congratulations Michael 🥳🎉👋🏾
    3
  30531. Yes please spill when the papers are signed and you got the keys. Would love to hear and see your new home. Congrats 🍾 Michael. Great video on a very important topic.
    3
  30532. On buyers remorse: 30 years ago my brother in law built a 350K house on spec & sold it to a couple who was retiring. They really wanted a house in a river, but bought the house because they couldn't find one on a river. Before they moved in, they did find a house on a river & sold their just bought property, taking a financial hit, but getting that they wanted.
    3
  30533. Would you encourage someone to do part-time real estate right now Micheal?. Awesome vid as usual.
    3
  30534. Can you find info and do a video on SBA/PPP LOAN delinquency rates and amounts. That would be awesome seems to me, tons of people borrowed money from these programs and are currently not paying back. Anyone else familiar with this?
    3
  30535. We have a thirty three trillion, eight hundred billion dollar deficit. We are printing money that is worthless in record time, daily. We have NO money and pay more on the INTEREST on the debt we owe than we spend on defense annually, we have watched upwards of thirty MILLION totally illegal and unvetted aliens stroll across the non existent southern border to God knows WHERE and WHAT they're doing in HOW many sleeper cells now - and we're supposed to be "thankful" that now it's "stemmed" to only fifteen thousand a day - thanks to this stellar administration - that WE fully and totally take car of, we have a congress who just passed ANOTHER 95 BILLION dollar aid package to Ukraine, and a lesser amount to Israel and South Korea, and when it was passed those same members of congress were waving, LITERALLY WAVING ................ hand held Ukrainian flags ........................ while American citizens struggle to make ends meet and American veterans are being displaced for these invaders ................ and we STILL have people supporting the left in this county. So, this shouldn't be a surprise to anyone that we are literally a few years away from bankruptcy and the time in this country when very few people can even afford to rent, let alone buy and own a home. Incredible.
    3
  30536. Mike , good info , but as I've been in crypto for 6 years . I ve never been able to write off any of my personal or business crypto losses.. but if you know of any changes in the tax laws plz keep us posted .. keep of the grind and hard work thank you
    3
  30537. Omg 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽
    3
  30538. The only reason why I want to move to CA is because of their film/TV industry one day. Some Idahoans are moving to LA one day too once they get enough money to pay rent. It depends on the person where they want to move from.
    3
  30539. Great to see your smiling face today Michael.
    3
  30540. THE PROBLEM IS GREEDY CORPORATIONS and the people who can't afford to buy, can't afford to rent either. I'm going into tent sales!
    3
  30541.  @likeaboss8282  just waiting for my cousin and his buddy which is a small time building developer to get a concrete/structural steel contract with some Canadian investors that just asked him if he’d like to help them put up a building in St.Petersburg. But I also have a contact in Ft.Lauderdale that is also in the construction field that I did some training with in the past that would sponsor me with a work visa to go and work for them. I’m just waiting to see what option pans out first.
    3
  30542.  @MichaelBordenaro  thanks Mike, I’m right in the middle of actually watching another one of your vids... I gotta say, going through your vids you remind me a lot like myself! Keep up the great work and thanks for all the info 💪🏼
    3
  30543. @Micheal Bordenaro - Like your channel Michael. But please don't go by what Jeremy Grantham says. Idiots like him, John Hussman, Hary Dent have been saying the sky is falling for about 20 years now. And Gary schilling has never I mean never been bullish his entire life. He is a perma bear. At some point some of what they say might come true. But then a broken clock is also right twice a day. So, some of your premise is indeed right, that there is fundamental challenges with grocery prices and other liveables. And that the Economy does have deeper issues. But I would strongly recommend you to not listen to doomers like Grantham and the Hussmans of the world. If one had listened to them one would have missed out on the greatest Bull run in our history. Upvoted you.
    3
  30544. Your content has always been interesting to me, whether seated next to your guitar amp, or the neighborhood walks. The walking volgs definitiely are a more fun way to present your points, though!
    3
  30545. Great video, BTW!
    3
  30546. Michael, Tonight you are dead on. Do you know what job stands for? Just over broke. An employer will pay the least amount that is possible in the given market. When people quote what they earn it is almost always gross not net. As I mentioned before with in reason, like below your means. Got that from Volkswagen’s commercial. Economic tyranny is just another way to lose your freedom. I once tested a person with economic tyranny who claimed to be free. I asked this person to take off with me for a few months and go reef diving with me. Of course he didn’t go and to be honest I was relieved since that would be difficult for me as well. I very much like your definition of rich.
    3
  30547. Golfing Prescott today! Market here in Phoenix is a dead dog with listings sitting empty for months!!?? I've been a realtor since 1984. Thank god I saved my pennies. Camping beachside San Diego this Sunday. Timmy C the broke bald bastard. 😉
    3
  30548. Great info on Tampa Learned a lot. Still I am looking for an investment property in Tampa that my Son will live in. Can anyone help with that ?
    3
  30549. I live in Peoria,Il. I have my whole life. I'm 58 and my bf suffers from seasonal depression. I do but not as bad. We are trying to figure out where we are going to move to. We say this is our last winter. We both love the sun and warm weather. I enjoyed the Cali/Florida video. My son lives in San Diego. Thank you for sharing.
    3
  30550. PTSD.......
    3
  30551.  @MichaelBordenaro  that’s a good point and definitely something to hope for. There’s beautiful countrysides in all those states that could be managed and promoted for tourism, specialty agriculture and other productive uses. And cities can be revitalized with a little planning and ingenuity.
    3
  30552. Please do Fort Myers! The rent for our two bedroom townhome is 1500 a month. But the people That live next to us their mortgage is $800 😳🙈
    3
  30553. +1 for the "kissing ass" comment.
    3
  30554. 🎉
    3
  30555. When interest rates were below 3% demand for homes increased here in Jax compared to how much supply was available therefore sending home prices through the roof. Now that it's reversed and interest rates are high, demand is low and supply is definitely up and up each week...sellers can't bring themselves to bring prices down. Can they even think of any legitimate reason to over value their properties now that interest rate no longer sits at under 3%.. homes have sat on the market here in Jax for many many weeks coz of only small reductions and no where near prepandamic prices when rates were around 4.5%. All the while new properties continue to hit the market.
    3
  30556. I swear I was thinking if something bad happened and they wanted to throw you out the window, it wouldn’t be good. Then you show the scarface house.
    3
  30557. The numbers are fudged so how can you believe anything.
    3
  30558. People don’t understand percentages. If a price is up 50% in order for it to go back down it needs only drop 33.3% not 50%.
    3
  30559. Thank You for showing our BEAUTIFUL TOWN ❤️❤️❤️❤️☀️🙏
    3
  30560. Service has been going down for years. I remember in the mid 2000s when employees would argue or laugh at customers. Now the customers are the ones laughing as a lot of those people are homeless due to their stupidity or the advanced technology.
    3
  30561. what would happen to that neighborhood if a hurricane hit dead center during a king tide? I suspect those houses would be flooded??
    3
  30562. I’m going there in about 4 weeks. Is there still a red tide? Thanks for the walk around
    3
  30563. I am in AMI now and Red Tide still prevelent at this time. We walked beach saw a few dead fist and had respiratory issues. Not as bad as we heard in July or August.
    3
  30564. Good for you Michael, I also started thinking about my retirement at 22 years of age. Got very lucky when I made my first million at 23. Saved a lot instead of going and buying anything and everything. I concentrated in savings opening my own business and buying my first home in Santa Monica CA. I got lucky as I did retired early and sold my business for a lot of money. Now I am set as well as my family.
    3
  30565. Yeah... I was reticent to sell (we have low monthly) but adding all other things, we could be living in a rental community where I don't have to worry about a thing. Put money in the high yield savings until we find a great deal and as you said, even with a higher rate, it will be more advantageous. Thank you for sharing your thoughts.
    3
  30566. I am Liking Bank deposit interest rates as I am making $500 interest a month now so I can stack cash for the future.
    3
  30567. Cool.
    3
  30568. makes sense with the job education. most professional businesses have their own business model guidelines because of legal reasons, so any person would have to learn how that business conducts daily operations anyway.
    3
  30569. Awesome video. I agree with ya that rent control doesn't work. I believe there has also been data showing that section 8 is detrimental towards upwards mobility. I am not sure how to fix these two things, I think part of it would be instead of bringing down housing to meet low income we could localize the low income in the area to have higher income via minimum wage laws in those areas? Like if you have a job in Beverly Hills and commute 1-2 hours perhaps your minimum income should be like $35 an hour. I also heavily believe that Prop 13 needs to be removed for property outside of your primary residence. California has a lot of issues =/. (I'm kinda a fan of completely removing Prop 13, it's too detrimental to everyone under 55 or who isn't wealthy......)
    3
  30570. I love South Florida.. Miami is my Favorite!!
    3
  30571. 👍👍👍👍👍
    3
  30572. Tired of waiting sounds like tired of money!! 🙈🙉🙊👻
    3
  30573. Thanks Michael for your videos. We are looking at Southwest Florida, something between Fort Myers and Naples (Estero, Bonita Springs, Cape Coral). Thoughts?
    3
  30574. 17:13 to 17:33 woww wonderful inspiration!!!
    3
  30575. I’ll take Florida over Commiefornia any day. Too bad the commies and the libtards took over CA, because it’s beautiful The best thing about Commiefornia is In’N’out Burger, but then again you can get it as Far East as TX. Keep in mind……Visiting CA beats living there
    3
  30576. In 2021 65% of Americans owned a home. If you're wondering how people are surviving inflation, that's your answer. Two-thirds of the population has benefited from inflated home values.
    3
  30577. Thanks for sharing this. Excellent points. You're right that California's in another inflation, which does position folks well to relocate for half or less of the CA home value. You can get a real backyard while you're at it. California homes don't typically have decent backyards where kids can run around.
    3
  30578.  @MichaelBordenaro  thank you For your reply Michael ,in a deeper level life is not consistent ! Those of us who are drawn to your channel are drawn because you are being you ! I’m not sure if you have a live chat ? ,if you don’t maybe you should look in to it as the topics change . All the best 🤍🕊
    3
  30579. CA is beautiful and some will say its worth the cost. I scuba dive every other weekend at laguna beach for free. Snowboard every winter season. Not to mention the opportunities are just so much bigger in CA if your in tech or anything engineering. I make 20k more a year in CA then I do in FL , which makes up for the cost of living. If youre not a outdoors person, who likes mountains and hiking, then CA isnt for you. Being able to hike every weekend and then have a picnic on the beach is priceless. Being born and raised in Orlando, I can say that without a doubt Florida is a great place to live and retire.
    3
  30580. $1.5MM - someone just got enema
    3
  30581. You always have very interesting topics.
    3
  30582. Liked & subscribed. Thx 😊
    3
  30583. Wow yes that was a beautiful array of colors the orange sunset with multi gray tones in the mountains!
    3
  30584. The Federal Reserve is always wrong.
    3
  30585. Happy Birthday🎉 Looking forward to your Venice video
    3
  30586. I’m sitting here packing my whole life up to spend the summer in Naples, FL! I’m housesitting there for 3 months and hopefully I can explore some areas and see if Florida is where I want to settle (I’m 29).
    3
  30587. Have you been to Naples? It will be hot, hot, hot. But Naples is absolutely gorgeous...just very upscale and very pristine and clean.
    3
  30588.  @Peonies925  I haven’t ever been to Naples but I was born and raised in Texas so I am used to heat!
    3
  30589. Awesome Inspiring as always thank you 👍👍👍👌👌👌
    3
  30590. Doesn’t get much better than this....
    3
  30591. I'm in Florida and I'm up to like $2400 a year for home insurcane. I even had extra nails put in to the roof straps that were already attached to the roof and walls that gave me a good 20-25% discount thay brought it down but came back up again. It's mostly due to the high price of hosuing and some to do with the abnormally high insurance claims from all the hurricanes recently. It's still way better than paying far more in property taxes like I would be paying up north. HIGHLY RECOMMEND having a wind mitigation report done to see if you have clip, wraps, etc. Sometimes they need extra nails put in to meet code standards and there's companies that do exactly this sort of thing. It sounds crazy. I used a company called Third Nail and were really good.
    3
  30592. Loud ass gas powered leaf bloweres.... 2 MILLION dollar houses! No peace and quiet.
    3
  30593. Okay, so it's going to be WAY TOO cold to visit here in December, and the area itself does seem South Beach-esque, and some of those building colors are assaulting! I had a friend from Oklahoma who is a multi-millionaire and he talked about Seaside and Rosemary Beach for retirement. No, NO "Florida Man" Hillbilly vibes for us! Too Ocala-esque, thanks!
    3
  30594. The issue with HUD about the 30 day notification is because the agency is very liberal. They push for those that can to take care of those that cant or wont take care of their responsibilities. The government has rigged the game against those who are responsible and who keep things working, so on top of taxes, and racking up debt, they want those who are responsible to give even more out of their pockets directly to others as part of the Clepto Socialism, It all down hill with that kind of ideology.
    3
  30595. Do you recommend renting a condo or buying it?
    3
  30596. 👍🏼🤩🤩
    3
  30597. "I can tell you the truth or what you want to hear" - that's a line you would never hear a politician say and too many people don't want to hear the former anyway.
    3
  30598. So happy for you and yours wife Michael bravo 👏🏼👏🏼🌅🍀!!! This vlog is super helpful as we are looking at Harbour a island Tampa where our daughter is or Siesta Keys!!! Buying directly is definitely a blessing!!! Enjoy and thank you for all you do!!!🤗
    3
  30599.  @MichaelBordenaro  right. I have a PayPal account and use to pay others Or, I am paid via that way, though its confusing for some [ PayPal has me down as a business but if the person can find the option to pay: friends and family then, PayPal takes less a cut]. I just saw to follow your account as member was 2.99 [ or support as, member] and I was just wondering how you set that up between utube and paypal or if you had x amount of subscribers so that became an option to do. And it was or looks like a good way to help support your work... I also not to be cheap, though if I subscribe for awhile, as I would like to move to Florida. Is it easy to unsubscribe. No disrespect intended. I really love following your reports and adventures....got anything for vegans [ vegetarians] like best smoothie bars or really good homemade raw natural places. When I visited my aunt 2 ago I though some gluten free Place was so so [ in taste, though the products looked appealing,] and not really so nice. Perhaps the guy was having a lousy business day... ty, Michael.
    3
  30600. That is basically the precursor for a greater depression right?
    3
  30601. Most folks honestly can't afford to have people prepare food for them. But they do it anyway. :(
    3
  30602. You can come brushing my home floors in France anytime Michael ! ^^
    3
  30603. 2
    3
  30604. Someone is having a “good hair day!”😊 This video was pretty funny. I’m glad I never had a problem with finding a professional real estate agent who was a great photographer or hired someone else to take them. Pictures are so important to the listing. Thanks Michael.
    3
  30605. This is realistic advice. I’ve done this several times and it has been positively life-changing. Planning really makes a difference. Thanks for another great video.
    3
  30606.  @MichaelBordenaro  Thank you Michael! 😄I appreciate your help and your videos that inspired me along the way!!
    3
  30607. Great video! Such useful insight.
    3
  30608. Pretty soon Michael is going to be unable to make videos because he is going to be too busy selling forclosures for the Bank and short sellers trying to leave the crashing Miami real estate market. When you have small towns in Florida like Winter Haven, Sebring, and Lakeland doubling rent over the last 2 years, bidding battles on deplapitated homes, and crack houses selling for a quarter of a million dollars you know a crash is inevitable. A fire 🔥 sale is coming to the housing market in Florida in the forseeable future (most likely after elections).
    3
  30609. I'd be fascinated to see the demographics of who's buying these cars.
    3
  30610. Watch your videos all the time. Learn a lot and you are entertaining
    3
  30611. I am not considering a move to Florida. But this sounds like a list of cool places to visit. When things improve a bit, that is....
    3
  30612. hey bud - look into Cardano - i too used to want to be in real estate until i got closer to a friend who was a broker and learned its not the business i want to be in. Im considering a move to FL soon and also was from the midwest so weird coincidence but figured maybe i can help you out w/ the tip.. see ya on the beach
    3
  30613. ​ @MichaelBordenaro  google charles hoskinson and watch some of his videos, I have been following the project for 3 years and they are about to drop their product, idk why i decided to comment and let you know about it, but something about you saying you were from the midwest and I was like maybe this tip could help this guy out, then I was really blown away when you mentioned in a vid i just watched where you were from - btw, were you a buc? lol. Im researching spots in FL now - i was down there last year visiting friends in Boca, but something is drawing me towards Miami or miami beach / possibly even slighly north of miami, but still doing the research.
    3
  30614. I think this is how he’s successful as a real estate agent, there’s no ambiguity or confusion. He’s very clear and concise
    3
  30615. They should wait.
    3
  30616. Red Rocks is absolutely amazing. I live right below it and can hear the music at night sometimes. Seeing a show there is as close to heaven as you can get and when it’s my turn to go my ashes will be spread there
    3
  30617. Look on the bright side, that Papa Johns manager is probably still a manager. My aunt gave me 100% control over her two restaurants which are next door to each other. Basically I’m the owner as I do everything from cooking, taxes, fees, dishes you name it. I let the workers do as they wish, take as many breaks as they want. Sit down take five have a soda etc as long as the list gets completed and the 💵 quota is met. And we get busy as it’s like 5 minutes from Disneyland and a massive non tourist traffic zone.
    3
  30618. It's one thing if the maintenance fee was at tops a few grand, it's another when the special assessment is the price of a brand new car, and you're typically living in a small space to top it. Personally, I'm not terribly a big fan of anything built from the 60's to present, this was when buildings stopped being built for the craft and everyone on the projects started using any way to cut corners to get extra profit. Not that older buildings don't needs some tlc every now and then, but generally the 'modern' building require more maintenance earlier, thus the durability is questionable.
    3
  30619. 2008 / 2009 all over again.
    3
  30620. Maybe you have talked about this, but I am looking at property taxes on zillow, they seem pretty high in FL. Any ways to make that part more reasonable?
    3
  30621. I love this! I'm a night owl too, so I totally get it.
    3
  30622. Do you live around that area? I usually stay at the confidante
    3
  30623.  @MichaelBordenaro  yeah I noticed they have a lot of construction around the area I can’t wait to see what it’s all going to look like when it’s done. I hope to be back there soon
    3
  30624. Mike, glad to see your Grandpa looks awesome!! I can tell he lives a chill lifestyle, kudos!
    3
  30625. Are Asians considered minorities with the new law?
    3
  30626. Electricity is high because of EV's And they can't generate enough electricity without BURNING COAL!
    3
  30627. Great video! Interesting stuff
    3
  30628. An ozone generator will kill mold. You need to know the safety instructions when running an ozone machine. You cannot breath in the exhaust.
    3
  30629.  @MichaelBordenaro  Check them out on amazon. My husband uses it to kill cigarette odor in our rental cars.
    3
  30630. Go after your dreams and remember it’s never to late!
    3
  30631. Mike Lumberado
    3
  30632. Nice collab!
    3
  30633. I love being taken for a drive and the clarity is super....we are on total lockdown here in Ontario canada again, so it's nice to be taken on a mini vacation...thanks
    3
  30634. Michael is right..gotta lower your(financial) rate of burn. The upcoming forclosure rate might be the tipping point.
    3
  30635. Meanwhile in Denmark we pay 40% income tax..
    3
  30636.  @MichaelBordenaro  In my opinion it's more a case of not having experience or considered anything different. Danish people just tend to want to feel safe and secure, even if that means boring and stale. It's very clear to see unhealthy mindsets with pretty much 50% of people from 15 to mid 20s. Depressions, having a rough time doing anything, experiencing anything, no opportunities to travel etc. People are also very pessimistic, always very judgemental, too. Ofcourse I do not mean everyone, but definately a country where it seems everyone is jealous of everyone else, and feel like their own life's never suffice. :) Me myself, I'm gonna be immigrating to the US as soon as I finished finalizing my education, and I'm really confident me, my fiancé and my two small children will live happily with that decision, for the rest of our lives and generations to come :) Great video, by the way!
    3
  30637. That being said. There's ofcourse pros and cons for everything, Denmark included, and it's definately not a bad place to live. It just feels like a place where time is stuck, and you're just waiting to retire. :-D
    3
  30638. Michael, he was contacted and threatened or else. l have been in contact with someone in the know. Take that for what it's worth but l believe it to be true.
    3
  30639. Houses still selling for crazy figures, DOUBLE pre-pandemic prices, AND with the more than doubling of interest rates. This is for N. Texas/DFW. Not sure when/if it'll TRULY slow down so folks can afford. Sometimes I think those days are long gone, at least for here. I keep hoping to see appreciable reductions, no such luck.
    3
  30640. How abt on $25k/year ? 😂😂😂😂😂😂
    3
  30641.  @MichaelBordenaro  oh okay. Was asking for a friend 😂😂 jk
    3
  30642. loved the last one
    3
  30643. it's actually healthy for the overall economy as a whole when large businesses fail. think of large corporations like those big large shading trees in the jungle. they soak up most of the sunlight and in doing so it stunts the growth of the vegetation underneath. when a tree dies and there is an opening, everything on the ground starts growing healthy again
    3
  30644. These businesses bragged about record profits 😂 sooooo
    3
  30645. Welcome to Torrance!! We should have lunch 😂
    3
  30646. how do you go about playing guitar / other instruments in a condo / apartment?
    3
  30647.  @MichaelBordenaro  that is actually very encouraging haha thank you!
    3
  30648. Your mornings sound like mine! 2 coffee's, slow to get up and no breakfast! 😅
    3
  30649. At first I read this as GOP surged 4.9 percent and said f yeah 🇺🇸
    3
  30650. I saw you playing guitar! You are a Great Guitarist 🎸!
    3
  30651. Yep… i’ve been on that drive many many times driving from Jacksonville to St. Aug. or Daytona… I like to take A1A 😊 Curious, did you make it through Ponte Vedra Beach or Jacksonville at all?
    3
  30652.  @MichaelBordenaro  yeh I knew you were on a time limit. Glad you made it to the Panhandle 😊
    3
  30653. I lived in between Aventura and Sunny Isles and I loved it, but with kids schools are not the best there. So, I would not go back to the area. Although I have to agree, I love the beaches of Sunny Isles and Aventura Mall. I have friends that live in Winter Garden near Orlando and every time I visit I fall more in love with the place, but I would live nearby, but not in Winter Garden now. We are planning to moving back to Florida from California and have been watching the housing market there. We love the area we are in California with all that you mentioned in your other video about differences between California and Florida. I have to agree that prices and taxes in California are insane, but we get paid so much more in here working for tech companies (and right now we can all work remote) that it doesn't make sense staying here, but if it wasn't for that I totally would stay. Thank you for this video.
    3
  30654.  @MichaelBordenaro  definitely agree with you. I can't tell if my comments was confusing. I meant that people kept saying that demand would continue indefinitely, but prices now are doubled. Now the rates are higher so there's really no way that demand can stay elevated when in 2018 prices were far less, and demand fell.
    3
  30655. Happy Thanksgiving🦃🦃
    3
  30656. I have to call you out. If you make $60k per year but only has $30k in expenses and are able to save that $30k per year. That is hilarious. You forgot about Uncle Sam. I made $140k last year and paid about $32k in taxes. So you can’t use basic math and say you earned X and your bills are Y so you saved Z. Real life is a bit more complicated than basic math. ✌🏼
    3
  30657. Australian stock market looking good today.
    3
  30658. Michael, I cannot wait to move there. it will be soon. Parental obligations first. If you can touch subject of renting with a bad credit in FL. I know that in few states agents are not willing to present offer to the seller when 12 months are paid in upfront because of some legal issues. How is it there? can i rent something for ex. $3k/month paid upfront with bad credit? Appreciate.
    3
  30659. How is it that people are willing to borrow from a desperate bank that needs help from the fed to mortgage a house? Confuses me. People who are sane use cash purchase period. Time to borrow is over. People who the secured fixed loans, and have a two secure incomes are ok. Now is not the time to begin to borrow, the banks are legally worst than sharks possibly incurring injury for money sake. This is definitely much worse if volatility builds up and markets drop, because of what’s in question is the bank debt and government and all its currency including US treasuries , that is serious.
    3
  30660. Food for thought: The Lake Mead Lake bottom is revealing endless v-8 engines. what form of lunatics put them there?
    3
  30661. A more realistic price up to 150k with a large lot
    3
  30662. Wow! Huge!
    3
  30663. Awesome video, I suggest making a dash cam compilation video later on! :)
    3
  30664.  @MichaelBordenaro  Another idea is to use the app "Relive". This app makes a video of the path you're driving and you can add the video on the corner of the main video. This way we could see a "live" GPS of the location you're recording. And the last suggestion is to add arrows when you're talking about a building. It is hard to find the exact building you're talking about among the others.
    3
  30665. 1st
    3
  30666. @1:02 You watch The Woo?!?
    3
  30667. You found some great ones!!
    3
  30668. Doesn't matter how much money you make, if you don't live within or below your means then you are going to be broke.
    3
  30669. Whatever happened to 20% down and having a reserve for emergency repairs.
    3
  30670. Great video ❤
    3
  30671. Please play some metal riffs in your channel during breaks. Dial the amp to 10s.
    3
  30672. I saw this chart weeks ago and was surprised to see the Bay Area undervalued as well. Living in the north bay myself, I can tell u that the home prices are way higher than the average household income. No wonder u have homes around here with multiple households under the same roof, it’s ridiculous smh
    3
  30673.  @MichaelBordenaro  for sure. I keep hoping prices will go down, but everything moves so slow. Due to the increase in interest rates, I went from looking to immediately being priced out
    3
  30674. 🩵💙💜🇺🇸👍
    3
  30675.  @MichaelBordenaro  Michael,.....as a realtor you have obviously heard the term ''location, location,....and location determines the price, ..so, ....with all due respect to the current owners of at least 8 of those 10 homes. If they were in San Francisco, Los Angeles,....or The Hamptons they would be selling for the high ''6 figures'' (that's $600,000 to $900,000 thank you very much) so let us all take a deep breath for a moment and enjoy the insanity of the real estate market.
    3
  30676. That's very good for morning people and retired but not for young I'm 58 and remember from my childhood used to go to bed early , by 9 or 10 , so good night from my kitty and I 🤗🐱🥰 🙏🙏🙏❤💃💐🦋💌
    3
  30677. Damn nice, shame in EU we dont have such a place like Florida, everywhere is ratarded socialist shitholes with fitfor55 and poverty soon kicking in - green communism is coming to bite us...
    3
  30678. Good video should I purchase a secondary home now or should I wait 6 months?
    3
  30679. Thanks! great content
    3
  30680. 👍💐
    3
  30681. awesome again! Thank you :)
    3
  30682. I will like to move between 50 and 90 street you can tell me about the residence values in that area thank you
    3
  30683. At 49 seconds in, the camera distortion made it look like the building in the background was wobbling. I got scared for a minute. I can't stop thinking about this either, it's haunting me. RIP to all the people and pets who died. So heartbreaking.
    3
  30684. 1st
    3
  30685. No stocks, no 401? Living on the edge bro.
    3
  30686. Micheal are you telling us not to believe our lying eye’s? 😂 I’m waiting till it’s a good time to buy again. Thanks man !
    3
  30687.  @psfraser9471  Walk away, it was called "jingle mail" back in 2010, people mailed their keys back to the lender, this time, people will just stop paying and live in it till they are thrown out, 2-5yrs free rent
    3
  30688. What do you think about this... if they change mortgage from 30 years to 50 years? Can you see that happen in the future?
    3
  30689. No it's foreign buyers and realestate investors
    3
  30690. I’m trying to move to Miami Beach from Los Los Angeles. Problem with that is, the labor laws in California are much friendlier. I’m not just talking about minimum wage. Also, sick pay, vacation pay! With vacation pay, those are considered vested hours, and I get 1 hour of v.p. For every 30 hours I work. I disagree with groceries. There really is only one super market in Florida (publix) they have no market competition so they raise their prices. Groceries are much cheaper in la! I’ve been told by my employer I could keep my California wages ($18 an hour) if I transferred to Florida, but could I find a place to rent for less than $1,000?! You’re the real-estate guy, so you tell me. I want my FREEDOM , so I want out of California.
    3
  30691. During the late 70s huge inflation era debacle, mortgage rates doubled from 8% to 16%, and housing prices never went down. What happened is everyone dug in and the housing market slowed to the bare minimum until wages caught up some and rates went down. I could see a repeat if inventory goes down even more.
    3
  30692. Looking cool on the beach.
    3
  30693.  @MichaelBordenaro  Yes, it has been warmer like today going up to 89 to 91. But it is hazy and cloudy here in Chicago. Yes, more people are going out to the lakefront area. So, yes, the summer weather is coming along.
    3
  30694.  @MichaelBordenaro  Thanks Michael. It will be warmer here in the morning for Sunday. And core humid😊☺😎
    3
  30695. Is the approaching Hurricane Ian affecting you?
    3
  30696. You nailed it with HELOC=variable interest rates. Folks dont understand how this will make SHTF as the Fed continues to boost rates.
    3
  30697. hi mb can i find auctioned properties up to 5 acres and not lots in the dade county area
    3
  30698. Hair dressers in SoCal usually make more than that! Trim, highlight touch-up, blow out is $250. Govt only lets you write off $3000 a yr, but you can carry it over.
    3
  30699. Hi Michael! When u rent a condo for let’s 1400 dollars a month, do you have to pay the HOA fee as well as a tenant? What else the tenant has to pay above the rental fee?
    3
  30700.  @MichaelBordenaro  then it’s not really a good investment if the HOA fee is above 1000K / month. Rental only covers the HOA.
    3
  30701. Congrats to you and Lizzie on your condo purchase🎉🌴
    3
  30702. I needed this video to help me move Florida by next year if all goes well
    3
  30703. I can’t imagine the mosquitoes 😖
    3
  30704. Michael, well thought out and presented. Continue to do great work that is entertaining!
    3
  30705. After a crazy pick in prices (2021-22) house prices just must go down. So, buyers, hold on
    3
  30706. I'm looking for Oceanview one bedroom. What rentals do you recommend? How far will this be from Pembroke Pines? Thank you
    3
  30707. It probably annoys you or makes it seem like you’re making the same content but when’re you repeat yourself in later videos it’s useful as a reminder or emphasis like with “the price you pay is permanent” vs interest rate
    3
  30708. Yay!!!! Thanks so much for answering this! I’m sure others asked you but I know I did, and I really appreciate you addressing this.
    3
  30709. I was abt to get 40 fidgets on amazon for 20 pounds but im also scared that what if i get scammed? Lol
    3
  30710. Hi Mike , how about radiations in Miami ? You live couple mile from nucler reactor it unvisible killer . About police , come please to NJ you will see here real police hunting for peaple and money , you want this in Florida ??????
    3
  30711. Mom and Pop landlords and AirBNB owners are a big part of the problem.
    3
  30712. I really enjoy your videos! I live in Bradenton, Florida and love it here.
    3
  30713. "This doesn't look like a $5 million house. It looks like a trailer park." LOL Happy New Year, Michael!
    3
  30714. Michael, you are the best.
    3
  30715. Congratulations , u deserve it …
    3
  30716. I live in Colorado also. It's really not a bad place to live, but I'm just really not a fan of the weather here. Oct-April/May here is not my cup of tea.
    3
  30717. Thanks Michael great video! 👍😘
    3
  30718. Thanks you for a nice tour.
    3
  30719. That is having the canals behind beautiful home. And your are right most owners finally buy nice size yachts medium and large one to place them behind the home.
    3
  30720. Thank you for sharing.
    3
  30721. Nice! I have lived at The Sterling before...
    3
  30722. Hi Michael your car rego is very cheap in Victoria Australia I pay $780 for vehicle rego per year and I have 5 of them. Your fuel is cheap to we pay $1.15 for standard and $1.40 per litre for premium fuel we need 4 letters of fuel to make 1 gallon us our car insurance seems similar.
    3
  30723. Thank you as always.
    3
  30724. Hahaha.😁. You made me laugh. I hear you about trying to get your hair and changing your clothes.
    3
  30725. But if a person wants to buy a condo near or on the beach area there in Miami on the North Beach area is what I would be looking for.
    3
  30726. I rent a 5500sqft home for 5500, mortgage would be 20k/month after a 750k deposit.
    3
  30727. Great video Michael as always, thank you.
    3
  30728. Thanks, Michael!
    3
  30729. Michael Bordenaro Thank you!
    3
  30730. I appreciate your point of view. I am old enough to remember Florida beach dwellings prior to the surge of highrise condo development. I was close to my aunt and uncle who owned various beach front properties on the east coast, including locations in Pompano and Deerfield Beach. They were single family structures or nestled two story condo residences. I was perfectly comfortable with those. Residents can always move temporarily if foul weather approaches. I doubt that type of residential setup still exists. It would be prohibitively expensive to own such a property now. I know my aunt and uncle were not attracted to the highrise scene whatsoever, for many reasons, safety not among the least. Personally, I feel the same. My feelings are only stronger now. It will be interesting to see how the coastal real estate market evolves. Empathize with your insight. I predict difficult decisions are in store for many Floridian coastal residents in the near future. I subscribed. Wishing you the best.
    3
  30731.  @MichaelBordenaro  Yes, they had a a quiet piece of heaven, especially when they were at Pompano Beach in the single family dwelling on the beach. I was a child but recall it like it was yesterday. I visited a few times a year from childhood into my 30's. I recall that they took me on a local sightseeing drive to Miami when I was in my teens. My aunt said, to remember what I saw as it would drastically evolve into side by side highrise condo development. I thought she was mistaken on her forecast .... but she was spot on. Eventually, after my uncle passed, she ended up on the west coast in Naples. Very nice but didn't come close to the desirability of east coast. I'll be following your channel
    3
  30732. Home buyers: Don't bite yet! Sit on the sidelines for a year or so and you'll get a great home at a mortgage you can easily handle.
    3
  30733. I’m not gonna pay for food that tastes like shit ! Lol. I agree 100%.
    3
  30734. Dash cam is cool. Next time leave early in the AM. Download “Waze”. It’s the only way to go. I saw that video with “Mr. Wonderful”. He was in his yacht. For me, North beach is much better.
    3
  30735. Thanks!
    3
  30736. I am so happy to hear your foot is not seriously injured. Amen! Please keep the government small and out of every aspect.
    3
  30737. Lol …the Joker painting in the background and foreclosure reality is visual poetic justice! Nice staging
    3
  30738. Happy birthday from Ormond Beach
    3
  30739.  @MichaelBordenaro  cool that's important to us
    3
  30740. Very interesting and helping Michael ! Thank you so much for this video ! And thank u for replying in my Instagram ! 🙋🏼‍♀️💜
    3
  30741. Beautiful area!
    3
  30742. At age 60, in 2000, my Mom purchased a Long Term Care (LTC) policy w/ State Farm for $1000/yr with $250K max payout. At age 68, she had a stroke and went into an Assisted Living Facility until she pased two years later. State Farm paid 80% of the $4500 monthly ALF bill each month like clock work. At age 40, I purchased an LTC policy, sponsored though not subsidized, through my employer with Unum for $300/yr w/ $250K max payout. I left that employer and Unum let me keep the policy. Now, almost 20 years later, it's $600/yr w/ $350K max payout.
    3
  30743. Interesting about FTX write offs.
    3
  30744. Great video! Great advice!!!
    3
  30745. I have lived in Huntington Beach, sunset beach, balboa island. Inland, riverside and now Napa. And I’ve been to Florida where my BF used to live .. main reasons I’m leaving Calif is I want to retire. I’d never be able to retire here
    3
  30746. roadtrip!!!!
    3
  30747. Good video
    3
  30748. Michael, what is considered new, middle age and old in condos? We all know what brand new is.
    3
  30749. How much you charge to stay at your place as a roommate
    3
  30750. That tax reduction argument is semi-true. If you have $24K in paid interest - that's all come out of your pocket. Using this amount as an add on to your itemized deduction will lower your tax obligation, assuming it makes more sense to itemize but you will only save the amount that is tax. Simple (not actually correct) if you are in the 25% marginal tax bracket and the $24K doesn't move you to a lower bracket you will save only $6K on your tax bill out of the $24K paid in interest. Adding in the possibility of migrating to lower marginal rate(s) and perhaps moving from standard deductions to itemized reduces the "savings" even more. JMO - not a tax attorney nor an accountant.
    3
  30751. Sir I need more information about real estate can u give me ur ig
    3
  30752. Loved living in Dunedin and leaving there for a job transfer was a huge mistake. Great small town atmosphere and pride in community.
    3
  30753. The government is killing the workers with high taxes!!!
    3
  30754. Great points!
    3
  30755. Planning a winter move from Duluth, MN to Tampa, Pensacola, Mt. Myers, Destin, Saint Petersburg, or maybe Miami (if the latter is within my means). I will be renting. The city has to have a decent enough public transport to get me to/from work for the 1st yr or so. I'm 25, and will be moving alone. I have 8500 saved right now, but ideally I wouldn't get on the train until I hit 10000-12000. I'm currently working at a restaurant/brewpub, and would have at least 2 positive references from my GM and kitchen manager in my backpocket. (Need a landlord to accept me without a job for at least the first 2 weeks while I look) Do you think I could manage a move right now asap before 3rd lockdown, or would you wait? Any tips/recs? Thanks
    3
  30756. My brother and I watch your tours together, and we both really enjoy them.
    3
  30757. We have good experience with Hilton here in the Mid-Atlantic. The market down in Florida seems to have prices that are higher than I remember. However we have not been traveling in hotels since before the pandemic. Some amenities are a plus. I think we had good internet service, but we might have a benefit because we use Hilton every time we go to Lancaster PA., maybe awards or honors. Your trip proves it is good to shop around for features and amenities that you desire or give the most benefit to you. Whatever tickles your fancy. Thanks for the info. Keep them coming. You can't publish enough. LOL but you keeping us happy.
    3
  30758. You did right on your property 👍💛 ....I was forced to find rent in a different area but now I'm saving a lot compared to before saving and paying all my credit cards I'm not in the best house it doesn't matter I'm saving to prepare to buy JUST like you did I lisend to your advice ALL the time coman sense.......blessings for you always 👍👍👍👍👍👍👍
    3
  30759. How is it so beautiful down there? It's pouring here! LOL No regrets, I agree. I'm lucky enough to have most of my family down here but still left behind a number of loved ones and friends. It just makes visits back that much more fun and great when they come down. Those are some awesome shades btw!
    3
  30760. Florida is still the best and certainly would not make me want to move. Currently living in a condo so everyone takes a piece of the pie keeps prices down.
    3
  30761. I bought a 2 acre parcel in Nevada with a double wide mobile home 1970 on it that was going to be hauled off paid $34,000 for it invested $15,000 which included a tractor and a storage container and restored the whole thing My property taxes is $175 a year so it's costing me $30 a month to have the place
    3
  30762. I’m 63. I couldn’t afford crap when I was a young adult, either. I lived on the financial edge, paycheck to paycheck. Didn’t own a home until I was 40. And now these kids complain I had it easy? They seem to think they’ve been uniquely targeted by history to suffer. I’m tired of their whining.
    3
  30763. That's why I love my townhouse. Two stories, simple.
    3
  30764. I think back to your flood video Michael when u showed us footage of your garage flooded with the valet guy trying to move that mercedes out of deep water. I would imagine most buildings in Miami have the same floods in their garages and that can take such a role on the concrete foundation of all buildings old or new. I’m with you… I’m scared of condos in general now in Florida.🤦🏽‍♂️
    3
  30765. Ketchun & Sun Valley are similar to this.
    3
  30766. FEMA has a National Risk Index Map for fire. Use the Census Tract View.
    3
  30767. But Powell said yesterday too many people still have excess money in their savings accts.
    3
  30768.  @MichaelBordenaro  No thank YOU always for great content Michael about Florida!
    3
  30769.  @MichaelBordenaro  Thanks for your information. Your videos got me to stay, so I might as well sub. A 20 year old tech nerd needs some guidance in a new area
    3
  30770. Chattanooga, TN is still crazy expensive and still seeing a shortage of houses here for sale. When will the "big draw" cities that saw a lot of growth see the prices go back down? It's frustrating.
    3
  30771. If you ask me the Fed doesn't control interest rates as much as they just spook markets.
    3
  30772.  @MichaelBordenaro  glad to see you made it up to the San Fran area. One of my favorite areas of the USA. Really spectacular scenery there.
    3
  30773. Good stuff! Cool Z28 but I cannot imagine why in the world you’d want a Jeep Cherokee in flat Florida!? 🤔 Those HOA’s might not feel so bad if you were able to purchase a condo outrightly? Just a thought for those who have that option.
    3
  30774. Michael Bordenaro well I totally get that when you just like a car you like it and that’s all there is to it. Regarding HOA what I meant was if you owned a property and you only had to pay $500 or so per month that’s not much compared to a 10% deposit and paying approximately $2500 a month. Would you say areas like Neptune in Jax rival St Augustine?
    3
  30775. 50% drop is back to reality
    3
  30776. I was about to call out because I was at quarter of a tank. The only think available is super premium.
    3
  30777. We are almost ready to move my Husband had to get surgery so we have been waiting for that .Right now we live in a tourist town in Michigan. And we also depend on tourists for jobs ext.However that looked like a pretty rowdie crowd.And I can totally understand how locals would be angry.I would be furious. 😡
    3
  30778.  @MichaelBordenaro  God bless them.The locals I mean lol.
    3
  30779. If you don't like the camera... Get off the cameraman channel....😮
    3
  30780. If you want to call it a correction in the housing market, so be it . Bottom Line is the housing market Is in a bubble and will drop like a lead turd shortly ! I've seen it before and I'll see it happen again in the near future ! Go back to President Carter , a Democratic . What happened to the housing market way back then ? Interest rate's went up to 12 to 18% . And a couple more times the housing market went nuts . I've seen people loose everything they worked for because they got cought up in the frenzy of buying a house . You do what you think is best for yourself . Me , I'll wait and profit off everyone who jumped without looking ahead .
    3
  30781. My mom almost had her home stolen from an Hoa!glad they are getting regulated now!
    3
  30782. Hey Michael youre not the only one with those same routines. Im a night owl too and I dont get things rolling until 2 cups of Cuban cafe and about 11am no breakfast. 95% same here and in Miami too lol
    3
  30783. I'm next Michael, I love Florida Miami Beach is my home 😎🏖⛱🏝🏝🚤🛥🌴🌴👍
    3
  30784. Thank you for the input , Just moved here ( South Miami ) from Chicago. Hoping my experience is great , your videos are very informative.
    3
  30785. Why do you choose to live in a condo ? Is to financially sound.?
    3
  30786. I will own boats ,houses and cars and be Happy
    3
  30787. Politics is destroying California to be honest that's why it's called commie fornia if it wasn't for the politics California would be the best state to live in the United States
    3
  30788. Great video Mike!!
    3
  30789. Americans are being constantly turned into indentured servants. People go to school and incur debt that they have a really hard time paying. Now they have to compete with corporations (that have foreign shareholders) for housing. Since this is driving up prices, we are now looking at ridiculously priced mortgages that we will probably never be able to pay. This has a serious risk of making the future generations poorer simply because we can't really build wealth because there isn't really any ownership. Just debt.
    3
  30790. Electric car = toxic EMF radiation ☢️ & COMPLETELY controlled by Government. Of course it’s political. Agenda 2030.
    3
  30791.  @MichaelBordenaro  Yes be yourself, I know that sarcastic funny guy is in there. I don't mind the cursing in some vids either hahaha but I know YouTube may think otherwise. I miss concerts too. I'm a 90's rocker chick at heart and they were/are one of my favorite bands of all time. One day. :D
    3
  30792. I attended Venice high school in California
    3
  30793. Exactly man! I have 4 youtube channels and Im done grinding!
    3
  30794. The first house in the video, the one with a lot of tropical vegetation in the middle yard is freaking beautiful!!! Where does the house located plz😍
    3
  30795. Happy Birthday, Michael!! 🎂🍰Hope you have a beautiful day. Great video!
    3
  30796. Michael Bordenaro Thanks!
    3
  30797. Thanks I was more looking into buying gold bars over 1 oz and having them stock in their vaults
    3
  30798. I clean carpets and Kentucky , growing tired of the cold weather, wonder how my service would do in Florida
    3
  30799. Ur living my dream
    3
  30800. What about Venice?
    3
  30801.  @MichaelBordenaro  yes Florida definitely on the rise More and more people heading there
    3
  30802. God bless Michael, watching weather live right now and looks like Miami has tornadoes! Have friends in Clermont hoping all is ok with them as well. I just got back from Florida and hope it stays as beautiful as when I left. God be with you all! 🙏
    3
  30803. The USA did go bankrupt. From This Time is Different By Reinhart & Rogoff. The gold clause was abrogated. In effect. the USA refused to pay Panama the annuity in gold that was due to Panama according to to a 1903 treaty. The dispute was settled in 1936, when the USA paid the agreed amount in gold.
    3
  30804.  @MichaelBordenaro  oh no way! But a house has always been our goal simply because we like the privacy (& I’m scared of anything above the 10th floor…height issues. Lol) Plus I like to garden.
    3
  30805. Thanks for the video.
    3
  30806. What % of the population can deal with Ave priced $430k homes ? 700+ credit rating. 7% int. $30k to $100k in down pmt & closing ? $100k income minimum. Very very few.
    3
  30807. Thanks Michael 👍
    3
  30808. I have been looking in the Cape Coral /Fort Meyers area. It seems like there is a lot to do, especially for boaters. Housing costs seem to be average, although most houses seem to be cookie cutter same types. What is your opinion?
    3
  30809. Very nice background view. Thanks
    3
  30810. Well done! First time watcher. Merry Christmas!
    3
  30811. Say what you will but if things keep going like they are then a lot of people will be priced out of having a place to live.
    3
  30812. Sad thing is rising rent and real estate prices are creating more homelessness.
    3
  30813. 🌴🌴🌴 I believe that you NAILED IT today 👍❗️ Blessings,Carlos ✝️🙏❤️😊🇺🇸
    3
  30814. The parts of Akron and Cleveland that you can afford....you don't want.....
    3
  30815. I have been driving my civic 18 years still kicking butt today. insurance is 500 a year. very good on gas never let me down once.i plan to get at least 10 more years out of it I drive it everyday..
    3
  30816. I truly believe that all Real Estate Markets will fall in prices. It’s just a matter of time. But then again the Rich will always have the money to buy overpriced homes 🏡. So who really knows? Miami and Nashville (where I had several houses in the last 20 years) are still going up in value. This is just an crazy world 🌎 these days and something has to happen to break this cycle. Thank you Michael for another awesome video. Blessing’s, Carlos ✝️🙏❤️😊❗️
    3
  30817. Merry Christmas Michael to you and your wife you have one of the best channels on YouTube. Best Regards
    3
  30818. The weather sounds perfect!
    3
  30819. Hi Mike your topic today is working into retirement,SO can you explain WHY so many cars are parked in driveways? Seems to me every one is out of work or retired in Miami, LOL.
    3
  30820. ALL a reflection (distorted mirror) of our fiat currency. Three bedroom, two bath home for a million? That is how little our "money" is worth. Always been a commission only sales man and that is how I kept up with crazy prices, make more money.
    3
  30821. I would love to live in surf city, its on the wrong side though . Its gulf side for me!
    3
  30822. Another good video great info. So happy I bought a cheap house .
    3
  30823. 14:37….not so fast in assuming $20k student loan will be ‘forgiven’. There are numerous court blocks and legal uncertainties. Anyone who applied for the ‘forgiveness’ should not assume it will ‘happen’, and do not make any future financial plans based on it ‘happening’.
    3
  30824. $18K / month! Carmel CA isn't that expensive.
    3
  30825. I like to move to Orlando but can drive to beach from my house
    3
  30826. Can I be loud in a condo? I noticed your Mesa Boogie half stack and I too have some loud gear.
    3
  30827. I make $15,000.00 a year Fifteen thousand a year. on Social Security Retirement Disability that is Poverty.
    3
  30828. Michael, is there anyway for you to get rid of the scammer that is all over your pages? The telescammer! He is using your icon as well. I’m a comment reader, like most, and he has left his telegram on every single comment. So annoying!!
    3
  30829. Bruh I live in California and its good that people are moving out
    3
  30830. I want yo see part 2 of this neighborhood.
    3
  30831. Awesome dude. Now I know why I like your videos because you are a smart guy.
    3
  30832. 안녕하세요 멋진 영상 공유해 주셔서 감사합니다 ,응원합니다 👍Hello, thank you for sharing a wonderful video, thank you for your support 👍
    3
  30833. Thanks for sharing this great information.
    3
  30834. How will I know when this information available about auction properties?
    3
  30835. I love the way you explain your story...👍👍
    3
  30836. Florida is a great state I hope ppl who move to Florida leave voting habits behind. We don’t need Florida to turn into the new Cali.
    3
  30837. I saw the SFQ-Ft of the home, in DFW area My location of Mansfield, Tx their going for $600K to $1M. So even in California, they would pay $3M, not $12.
    3
  30838. The people who take the arm today they are cohersed into it thinking things will be going up in 5 years..didnt have a mortgage in 2008
    3
  30839. Would love to hear your take on Morgan Stanley’s study about the future SHEconomy
    3
  30840. The democrats party mess up California don t let it happen in Florida
    3
  30841. Nice what you do
    3
  30842. All of those example properties are way over what they should be. An average home doesn’t cost a million dollars. A reality check is coming. Most areas in Florida don’t have an income base or industry to support such aspirational pricing. This is what I call opportunistic selling. Most of these sellers wouldn’t bank the windfall their hoping for in a lifetime. That’s why the price cuts are so drastic. I’m hoping the party is over and price fall back where they should be, which is about half of what they are now.
    3
  30843. You look fabulous!😊😊😊
    3
  30844. The tow truck guy in our HOAs used to remove all the cars that are illegally parked or have expired tags, hasn’t been around. I texted him yesterday,wondering why he hasn’t check in, he said, “I’m too busy doing repos. Business hasn’t been this great in a long time.”
    3
  30845. Hello from Australia! Yes we have the same problem here too!
    3
  30846. Great Video.....love these trips, exactly what I was looking at doing so pretty excited actually to view the upcoming videos of Destin and the surrounding beach towns there!
    3
  30847. I am originally from Israel but I move to England to study back in 1998 and met my wife. But now after 22 years in Britain (which gave me a lot - wife, kids and an amazing career.... it is time to change 😀
    3
  30848. I think you did good mike, there is not thing wrong in taking a risk for investment. Your chances are 50/50 just like flipping a coin.
    3
  30849. Thanks for sharing! Love the butterflies 🦋
    3
  30850. Michael, can you please look up what is going on with Naperville, IL, not too far from where you grew up? Prices are still going up like crazy regardless of crazy high APR...
    3
  30851. I use these plans regularly with 6 months zero interest. I have never failed to pay them off before incurring interest charges.
    3
  30852. I wanna move to Florida from Kansas City if I have $25,000 for a family of 3 could I do it for a year before fully getting into work or move and find a job within 3 months
    3
  30853. Pretty cool!
    3
  30854. Glad you're ok. Honestly I can't even imagine wearing shoes on a walk in Florida.
    3
  30855. You’re welcome Michael ! Look forward to your vids and will also backtrack and watch all of your previous vids I’ve not seen ! Appreciate all your info, expertise, and insightful advice ! Wish I had known who you were before I had sold my condo in 2020… I should have waited ..but sold it a little too soon due to the uncertainty of the pandemic, lost my job and got scared I’d not be able to handle the mortgage on my own…should have rented it out …but never expected the market and rents to do what they did. Oh well. Next time I’ll watch your vids before I make any big real estate decisions.
    3
  30856. Great video!!!!
    3
  30857. Insurance me is such a scam!
    3
  30858. Hey man, thanks for posting. My family is looking to move to Florida in the near future so I'm scanning your videos. Out of curiosity what type of music do you play? Ive been gigging as a guitar/singer in different genres for around 16 years so I got distracted by the gear in the background and had to remind myself I was here for Florida. Lol
    3
  30859.  @MichaelBordenaro  We haven't decided on the where yet but my wife is originally from the Fort Walton and she wants to move back. Currently we live in Georgia but as soon as I graduate next semester then we are going to begin selling our house and looking into finding a place. She really wants to get close to the Gulf. She is in Veterinary so it's pretty easy for her to find work. I liked the music and I just subscribed to your channel. I played metal for years doing same stuff. Here is a link to a Chains song I did vocals (main and harmonies) and guitar on awhile back. https://youtu.be/-RSxlkqH1Cs
    3
  30860. Very nice! I am in Los Angeles. I would like to move to maybe🤔 Tampa...?...I will have to rent. I am planning g on getting my teaching credentials there. I want to be closer to my mother.....what cities do you recomend? I want low crime and diverse....also schools around....I am by myself so it has to be safe. I am in my mid 50's...dont like Miami...thanks...I forgot...I wouldn't like to live around Aligators or snakes....I pay very high income tax in California is and sales tax around 10%
    3
  30861.  @MichaelBordenaro  Thank you. I will check San Agustine too😊
    3
  30862. Very informative channel and definitely deserves a two thumbs up . A very honest review . My wife and I are thinking about moving close to Tampa . We live in San Antonio,TX. We love living here we just like the tropical environment more but many facts are keeping me away from moving over there. High HOA fees and house prices. I can get a nice 10 year old house with 2000 sqft for about 230 k paying less than $50 in HOA. I would pay at least 60k more over there. In order to make serious plans we're going to wait until the pandemic is over to see how well Florida's economy is doing.
    3
  30863. Would you consider a list of campgrounds for those who need some time to check out some areas
    3
  30864. I'm torn between st Augustin and pensacola
    3
  30865. Still love your channel you really need to do tours of cities in Florida maybe savanna 2. I love your shows
    3
  30866. I would prefer the beach in the winter because it is more likely to be sunny and it is still warm.
    3
  30867. This presentation needs to go into the "Best of Michael" file. I learn something from all of them, but this one resonates with me to the core. Kelly and I have been together 24 years, and run our lives in a similar manor as you and your lovely wife. We have no debt. We keep our cards at 2% utilization to optimize our credit scores. I used to keep them at zero, until I learned that keeping a card active actually elevates your score. 2% is the "Goldie Locks" number. Thanks for sharing your insights and tips.
    3
  30868. Thank you Mich!
    3
  30869. Wind ruined this video....
    3
  30870. Geeze, what did they think would happen when the police are defunded and courts don't prosecute criminals. Hmmma real mystery
    3
  30871. 20k brother. Congrats !!!
    3
  30872. Such a nice walk! I really loved the place! Florida is such a wonderful place! Thank you so much for sharing this! :)
    3
  30873. Hi I m on 16/8 fasting and Keto diet right now to drop some body fat after the lockdown!! And then will stick on the Keto when I’m home cause traveling not easy and do some fasting some time to time!
    3
  30874. By the way Michael are those ice packs in your order reusable or wasted? Cause makes a lot of excess trash then!! ☹️
    3
  30875. Villages Dad!
    3
  30876. How much if any has the rent in your condo gone up. Do usually have a one year lease and condo buildings in Florida? I'm still debating whether to get a house or condo. Thanks for the info
    3
  30877. They are using it as a way to do layoffs. Dumb. The best workers are also the very best remote workers. The smart companies won't do this but the inefficient companies will do this.
    3
  30878. Brilliant video. Again, spot on and very sensitive input in general. We were supposed to come over to Florida to check out potential places but bc of the COVID we had to postpone but at list now we can gather much more info. Thank you again.
    3
  30879. Actually, just quick question... do you know if pompano beach is relatively safe for young families? Thank you 🙏
    3
  30880. Thank you Mitch, this all males sense!
    3
  30881. Daddio with the same color of shirt. Your much taller than your dad. I'm also taller than my dad.
    3
  30882. For the algorithm.
    3
  30883. Thanks Michael.
    3
  30884. Hi Michael, great videos. Thanks for the advice!
    3
  30885. What if I need to pull cash out? Would Discover allow you to use any banks atm?
    3
  30886. How hard it is to evict a bad tenant in FL???
    3
  30887.  @MichaelBordenaro  that's good to hear....in NYC it's takes forever to evict.....thanks for quick reply....
    3
  30888. Yeh the prices are unrealistic
    3
  30889. Can’t beat that Gulf Coast sunset 🌅!!
    3
  30890. Wondering if it's doable I pay about $700 up north and looking to spend a little bit over $1,000 for a two-bedroom apartment in SW Florida. I work in healthcare and my husband works retail
    3
  30891. Don't forget - deficit spending by government adds to the (very flawed) GDP calculation.
    3
  30892. I just wish more people would do all the heavy lifting earlier in their lives so later on, the weight wouldn't be as heavy. I used to live paycheck to paycheck - look at my account to make sure i have enough-one big vacation every 5 years - big vacation once a year - driving an older car BY CHOICE.
    3
  30893. Thank you for the great video, I really enjoyed watching and getting your insight on this topic! I can’t wait to be debt free myself someday
    3
  30894. Thank you Michael for the warnings and allowing me to prepre my family appropriately.
    3
  30895. Moved to North Florida after living in Miami for 13 years. The traffic was horrible, was stuck on 826 or 836 for hours almost every day. No thanks.
    3
  30896. Happy belated Birthday! 🍰 🎉
    3
  30897. Romero Britto :)
    3
  30898. The bathtub! Fantastic and totally my jam!
    3
  30899. All of it and the pool .....wow.
    3
  30900. Great vid guys👍
    3
  30901.  @MichaelBordenaro  I know you didn’t :). People have mixed opinions of the area at first glance. Some people hate it, some people love it. It’s not for everyone especially coming from someone who is used to city life. I used to live in the “country” so even PC is too big from me sometimes lol
    3
  30902. I agree completely!
    3
  30903. Love the sunny day filming. Thank you!
    3
  30904. Great message! ❤
    3
  30905. Hey Michael, I have a quick one for you. Could you explain or do a video on why the heck nobody talks about Dania....ever!. Fort-Lauderdale, Miami, Sunny Isle, Hollywood, Pompano, always, but....never, ever Dania. Is there a reason for that? I mean, it has a nice peer, great beach, close to the airport, what's not to like?
    3
  30906. Do not do a video in San Francisco. And be careful where you park your car because they are smashing out windows like there's no tomorrow. If you do a video, go way outside of the area. Why are you even doing a vid there? You live in Florida! 🥴😜
    3
  30907. Happy birthday 🎈 Michael!🎉
    3
  30908. Michael Bordenaro yeah I watched it all the way through and ended up on this video without realizing 😂 the comment was in a direct response to that video haha you’re insight is very good and love how chill you make it seem. I’m ready for that life. I am going to miss the music scene here in California but eh I’m ready for something new! Hollywood is already played out for me!
    3
  30909. Michael, we need some channel merch anyway. How about some "Just Shut-Up" t-shirts, caps, hoodies, or something like that? Great show! Edited to add, hearty congratulations on reaching 300K subs. You deserve huge success!
    3
  30910. I am very surprised to see Venezuela on that list of people buying property in America,they are going hungry over there😮
    3
  30911. Man Miami is being horrible, most talented people can't find decent jobs, wages are so bad .. rent is so crazy , this is sad , for me am planning to relocate to Houston TX
    3
  30912. 🌴⛵ hello Michael , I've had you and your family on my mind. I'm glad that you've posted a new video. May i suggest that if it's at all possible... that you take a ride to St Augustine, Sanibel Island, etc. Somewhere to breathe clean air and gather your thoughts. You will never forget this day. I know this because WE in NYC have never forgotten what happened on 9/11. It's in our hearts. We can recall where we were, what we were doing, etc. It's something we don't really speak about but many have suffered PTSD from witnessing the event. Please...be kind to yourself. Get some rest and do something to restore your soul. Peace🌸
    3
  30913. It is been almost a year since you posted this video. Are you making money now from YouTube now? Just YT...Thank Your Robert...
    3
  30914. Wakeup and smell the roses!
    3
  30915. Insurance premium increases could be partially offset if construction costs go out and result in lowered replacement cost. If this happens the contract your agent and have a new replacement cost estimate. If still high, can be contested by getting an estimate from a builder or construction estimator. In a homeowner's policy, there is an assumption that personal property has a value of 50% of the structure value. This may be true in some cases, but would guess it is not true in most. The base rate for personal property coverage tends to be higher than that for the structure which exasperated total premium changed. Talk to your agent to determine what cranks can be turned to minimize premiums. I have done this many times and its easier than you might guess. Lender may call the shots however so would need to check with them as well. Sometimes HOAs can also specify.
    3
  30916. Coral Gables use to be VERY expensive.
    3
  30917. Great video, that was very informative! Being that folks from New York and Jersey are more likely to come to the east coast of Florida should motivate people to go to Florida's west coast lol 😉 (and this is coming from a Yankee)
    3
  30918.  @MichaelBordenaro  I meant to ask in my previous comment and this is probably a dumb question, but why exactly is there red tide on the west coast of Florida and not on the east coast? And am I right to assume that when there is red tide that it's not safe to swim in the ocean? Thanks!
    3
  30919. Congratulations Michael on the steady growth of your channel and your subscribers. Clearly your passion is evident and your efforts are appreciated.
    3
  30920. All the numbers the government releases are lies. They do that to make people feel better about reality. Our pocketbooks don't lie.
    3
  30921. Such a disconnect with Australia where rents are increasing by crazy amounts. No 1-3 month rent breaks here.
    3
  30922. great content thanks 👍🏼😃🙏🏼💯
    3
  30923. OMG! So much to say about this subject! Finishing my workout, and then I am coming back to comment, big time! ;-)
    3
  30924. People talk about Ukraine being corrupt. We are just as corrupt. I am glad I am 80 YO and will probably be dead before the SHTF. Make no mistake it will.
    3
  30925. Great video Michael loved that airbnb
    3
  30926. re vacation: we've seen an uptick in American tourists in Germany taking advantage of the exchange rate (it's never been better for Americans), but it's still below pre-pandemic levels. The once ubiquitous Chinese tourist with camera has disappeared completely.
    3
  30927. You always put so much effort into your videos and come up with unique ideas! Keep up the great work. And thanks for showing little glimpses of florida while I live through snowy Canadian winter. :)
    3
  30928.  @MichaelBordenaro  letsss gooo
    3
  30929. Funny you made this unique YouTube video. Today, McDonalds really admitted loses across its financial markets. Not necessarily their fault, cause prices of food cost & 💲 operating expenses. I predict 1. Fast Food 2. Chain Restaurants 3. Supermarkets will all go bankrupt by 2035 - 2040. Only ones that will survive will be Cosco & Sam’s Club, they will work a deal with USA 🇺🇸 Government to open like a chain ⛓️‍💥 of Box 📦 Stores run by the Government, only way to buy food, drink, materials for home 🏡, especially since so many people are renting now, not owning . United States 🇺🇸 of America Will resemble 1991 Soviet Union by 2041. So, save money 💵, buy gold silver cooper bars, pay down your bills 💸 if possible. 2030 - 2045 will be very dark in the USA 🇺🇸. Maybe even consider a move to Mexico 🇲🇽, learn to barter with local cartels with liquor 🥃- Tobacco 🍃 - Metal Bars of Exchange 💰 Even Sports 🏀 teams are showing damage . Yes, a Future America 🇺🇸 lifestyle that will be extremely GRAY God Help Us ✝️
    3
  30930. You know what I don't get? Why didn't Citizens just stop taking new customers? They had a huge increase, but they could have prevented that? Farmers is no longer writing new policies, and neither is AIG. Landlords! Keep good tenants!
    3
  30931. Tarpon Springs, FL ❤️🏺🌴. I love that place. One of best of childhood times. I highly suggest and recommend to visit there. You are only like 30 minutes away from Clearwater Beach. ⛱️ 🏖️. I love that place!!
    3
  30932. Im from California and anything below 70 is cold
    3
  30933. I currently have 2.3 interest rate and I planned on selling my home in about two years to down size because my kids will be going to college to start their own life’s.
    3
  30934. I had two friends win over $200,000 with Fantasy 5!
    3
  30935. Mike, my dude, don't read the comments. You will NEVER be able to make 100% of people happy. You are doing a good job. You can find haters everywhere but you WILL find more of them if you look.
    3
  30936. Well I live about 10 degrees further North than you in the UK, and believe me you don't know what gloomy weather is. Right now the days last under 8 hours and there are constantly grey clouds and cold drizzling rain
    3
  30937. Hey Michael!!! Welcome to CA! It’s over 100 degrees here in Lafayette until the 10th…and everyone I know is in Tahoe. You two are adorable. Happy 4th. 🇺🇸🫡
    3
  30938. Minneapolis is also going crazy price wise. Moving down to the treasure coast in two weeks.
    3
  30939. Personally my humble opinion is whenever I visit from the Midwest which is fairly frequently the homeless is really a hard thing to not help but notice it keeping me away really. I enjoyed San Diego in March but I ended up in a homeless camp trying to walk to my hotel from Mission Beach sort of made me really nervous. We don't see any homeless in Minnesota obviously cuz it's super cold here but it's really hard to watch what drugs do to people.
    3
  30940. Good to see Lizzy in the vid!
    3
  30941. That’s what I said, I think a lot of big developers Will buy land in Fort Meyers beach. Before there was no land available and it was owned by all the small businesses and it was impossible to get a nice size piece of land to build a big resort or condo
    3
  30942. We’ve only tried Hello Fresh and loved it. It got a little pricey since we have four kids but it was very convenient.
    3
  30943. I wonder where should I go for assessment am not ready to buy but we are giving ourselves 1 year to maybe be ready but still we want to know the general requirements as first time buyers.
    3
  30944. Florida has Florida Man.
    3
  30945. Good stuff. Always hear stuff about Miami being hot bed for all the crypto craze . Guessing that is where some of the real estate speculation run up is from if so. Stay Safe w Crypto ‼️‼️ Will never touch it !!
    3
  30946. What total mortgage amount do those payments you mentioned actually apply to at those interest-rates, mate?
    3
  30947. Michael Bordenaro - thanks a bunch - that helps a lot 😃
    3
  30948. I agree with you on electric cars I don’t think it worth it.just filling it up take for ever that’s one of the biggest issues with it.and you can’t go but do far before you need to juice it up.With a gas car I can carry a can of gas with and fill it up in 2 minutes.
    3
  30949. As for me, I’ve been in a fog of raising kids until now. At 46, I’m finally able to focus on our net worth and the future. Simply writing down our debt, income and investments have given us a clear picture of our financial status.
    3
  30950. I can get a new used Toyota for 22,500 for sure. Like someone texted here.. For the rich. Great information.😙
    3
  30951. Hello, My boyfriend & I have been doing a lot of research on several areas in Florida. We have found your channel & love it. I have been wanting to get into real estate & was so excited to hear that is what you do. I am wondering if you could tell us how and what’s it’s like being a real estate agent in Florida?
    3
  30952. Michael Bordenaro You’ve obviously been doing it for a long time & we decided Miami Beach rather than Orlando because of your videos. I can’t wait to watch. Thank you
    3
  30953. Michael, Long-time viewer, first-time comment... Great video - I watched it from beginning to end. Awesome to hear and see more about your midwestern background. I'm excited to see more stories from your cross-country adventure!
    3
  30954. Many people gravitate to the village square that is closest to their home.
    3
  30955. Been watching your videos for about a year now. I was living in Milwaukee, WI thinking about moving to Miami Beach, and between your and Fresco videos I felt like I got more than enough information to make the move. In August we moved to Miami, currently residing in Bay Harbor Islands. And we go to the beach twice a week and go paddle boarding once a week. We love it! Wanted to say thank you!
    3
  30956. Very sad, but true! Wishing you and Lissy Happy Holidays! 🎄
    3
  30957. We moved to Boise last year from San Diego. People are still moving here in droves. Mainly from California, Washington state and Oregon. This map is a scare tactic. I would that yes, prices are high, but to say wages haven’t keep up with the surge isn’t taking into account how many people are remote workers from out of state.
    3
  30958.  @MichaelBordenaro  true, if…if people leave. The surge in people moving here started before the pandemic and was attributed to quality of life, new construction safe neighborhoods and the low cost of living. Those things won’t change compared to pricey, overcrowded coastal cities that will no doubt see more people looking to leave if the economy gets worse. Just my perspective.
    3
  30959. Damn what a nice video... Thats exactly what we have at the moment - all this bloated fake glamour, look on linkedin it started to be some bullshit social media platform where everyone is just posting some crap instead of work related and professional things - self righteousness flashing 24/7... And try to have different opinion they will rip you apart. The problem is the normal ppl are silent and they just do their stuff while minor with their stupid ideas are loud and pretend that their voice is voice of majority....
    3
  30960. Last I looked, the government backed NFIP only covered residential structures to 250k and had somewhat limited things covered. Overage would need to covered by very expensive private insurance. No NFIP in COBRA zones. Buyers need to be aware before offering on property.
    3
  30961. After watching you for several weeks now you have convinced me I should sell out and move into a camper van 😂😂
    3
  30962. Thank you 😊
    3
  30963. Who wants to catch a Falling Knife ???? My son in Austin tells me New Communities eveywhere... where nobody wants to live.. Homes 5 feet from each other...... in TEXAS !!!!🤔 PURE GREED.
    3
  30964. My favorite housing market channel. Great info. Oh, are those 2 million dollar houses waterfront?
    3
  30965. The most important thing is that they care about our feelings
    3
  30966. Renting a place or buying a condo is for me. I agree with your reasons for living in a condo vs. living in a regular house.
    3
  30967. Where is the Poll?:face-blue-wide-eyes:
    3
  30968. Great video! Good points to consider! I’m surprised they don’t put a cap on how many people move here daily, I’m afraid Florida is going to break off from the rest of the United States and become it’s own Island 🏝 Lol 😆😂
    3
  30969. Winters up north can really make it depressing because you cant always go out due to snow and ice...just to long of winters! Love Florida maybe 1 day i can experience living there
    3
  30970. I can say i just about walked every street in MB- one day I did near 11 miles. The other days about 5 miles + the free trolley. I can more accurately say I walked every block South of Flamingo Park.
    3
  30971.  @MichaelBordenaro  true. I was thinking maybe newer construction was built differently and possibly better.
    3
  30972. Happy Birthday!!
    3
  30973. Thanks!
    3
  30974. From Springfield IL. Moving to Tampa in April. Real estate investor as well. CANT WAIT. to move.
    3
  30975. Very nice videos and analysis . I enjoy them everyday besides they help a lot to understand . Thanks
    3
  30976. Wow, I thought it was just the balconies and partial leaning of one building. Looks like a whole building beside it disappeared? So sorry for everybody involved.
    3
  30977. GM👋... great live stream last night.. glad your mom and sister joined us too!
    3
  30978. That Northern beach section reminds me a lot of the beaches in Rhode Island and Massachusetts I used to go to. Thanks for showing this place!
    3
  30979.  @MichaelBordenaro  Thanks for that! Looking forward to more adventure videos! 👍🏾
    3
  30980. 5:03 The good the bad and the ugly.
    3
  30981. I was hoping you would go to Jacksonville 😭
    3
  30982. I had the 2000 edition of that Z28 only with T-Tops. Fun car, but after upgrading a bunch of stuff, I just couldn't get to any real performance mods without going out of state. So I started buying Corvettes. Video started getting really weird at 5:20 or so when talking about not wanting to transact real estate. I am getting old. There was a time when if you could survive on real estate or wedding photography, you were considered the richest of the rich, and the laziest of the lazy, the privileged (see footnote). We already covered that in some of my prior comments. Then you went on to paint a bunch of your viewers as living at home with mom & dad? I must have heard the second half poorly. I could see you wanting more of a neighborhood with yards and privacy. Best of luck in the exploration. Footnote : https://www.marketwatch.com/story/the-10-most-overpaid-jobs-in-the-us
    3
  30983.  @MichaelBordenaro  I understand. Commission paid work always looks easy to those of us who have only ever traded hours for dollars. I am sure the real rate of pay has to be adjusted for dry spells and overhead you pay your brokerage. All the best..
    3
  30984. wow! whoever lived there took really good care of their stuff, is super old yet in great condition, also shows that updates on furniture is not so important to them. 😄they prefer to spend their money on other things than new furniture, they're like "i have my grannys couches and dining table, they're still good" 😁 and that phone!!!!! I wonder if they still have the same phone number from 1991 🤣. omg you should ask the owner , that would be crazy if they say yes!!!!!!!
    3
  30985. If my house burns down and no house insurance because of denied then I will build whatever I can afford to live in it f them
    3
  30986. I live in Punta Gorda where one of the houses is listed. Great smaller town on the water. Nice resturants on the water. Very popular for retirees. Would not bring a family here. Schools are not so good. Many waterfront homes for sale. Reasonably priced compared to Sarasota or Napels.
    3
  30987. I recently moved to California from Michigan with hardly any money lol like legit. It's possible! i shared my experience its a 2020 version of this video if anyone is interested !!! https://youtu.be/lPZ-_l3AgVk
    3
  30988.  @MichaelBordenaro  Thank you so much, i'm sorry if I offended you by not asking before I dropped a link. Your support means a lot I promise to give my all & same goes to you!!!!! thank you for viewing my video !
    3
  30989. Welcome back to California. Welcome Iizy
    3
  30990. Thank you for providing hope for those sidelined from realestate. Great for views. Lol
    3
  30991. This is the effect of Donald Trump's massive tax cut for business and the super-rich in 2017 and the central bank's low interest rates.The same American investors massively buy real estate in my country, the Netherlands and Europe. Real estate prices in the Netherlands have risen 20 percent
    3
  30992. Perfectly described!! Thank you
    3
  30993. Great video!! Glad to know you are a bitcoiner. I wasn't sure but suspected you were
    3
  30994. That tree is begging for a rope swing. I have a really big Sugar Maple in the front yard with a rope swing/wooden seat. Every Autumn when the tree is in it's full glory of color my neighbor brings her kids down and takes their pictures of them on the swing. They are teens now and she has been doing that since they were little. It's a show stopper!
    3
  30995. At that price they list for rent only drug dealer could afford it 😂
    3
  30996. was born and raised in florida long ago, back when Jacksonville was a beautiful young city, then my family moved right out side of St. Augustine(the oldest city in the U.S.) IVE vs St Augustine all my life used to go every weekend. The last time I went before covid was 2019, I still love the city, the Spanish style architecture, museum, old cemetery, coble stone streets, my favorite the Spanish fort. So much history. I live outside chicago now, but with early retirement hope to move back to that area. If you go back out side St. Augustine towards a small town called Palatka, I Think its around east palatka, its on route 17 theres a small little sea food restaurant with the best fresh seafood etc, best ive had. Also flagler beach in St. Augustine is a little commercialized. If you check out crescent beach about 15min before you get into St. Augustine, driving in the sign to turn off will be on R. Thanks for your video.
    3
  30997. Merry Christmas and a Happy New Year Michael & family! 🎄
    3
  30998. I like all of your videos...you always share good info...and you speak your mind...I’d like to see what you think about Clermont Florida...and how far driving from here to W Palm...thank you for your time!!
    3
  30999. Overall. This. Is. A. Cool. Dude. Good. Logical. Common. Sense. And. To. The. Point. Well. Said. And. Well. Spoken. With. No. Interruption. Thanks. And. Appreciate. All. From. Los. Angeles. Homeless. Capital. Of. America. And. Our. Rich. Politicians. Yay. Gotta. Love. Them. Hahahaha
    3
  31000. I agree with you, US citizens should come before foreign investors. And I also think the government often over steps. But you’re right the only option is having them step in I can wish that there was another solution though
    3
  31001. Michael, the real definition of inflation is not rising prices. Rising prices can be taken care of by the free market. The real definition, as confirmed from economic books 60 years ago, is an expansion of the money supply by government. Government causes inflation, not the free market. Wages do not cause inflation. Wages go up because of inflation. Wages are just another cost. It is the cost of labor.
    3
  31002. Thank God for what you do man. Keep doing it!
    3
  31003. @4:00 It took 8 years for the houses to go from 2004, get in the bubble, and go back to 2004 prices in 2012. From the model, i suspect 2028 might be the year prices come back to 2020 levels. But by 2009, they were only slightly above 2004 averages. Just a guess, but I would want to at least give this a few more years to play out. Otherwise, it seems pretty simple you're going to get ripped off to buy now. I'll be happy with 2020 levels, that will be my jump in target level. But you can literally find a few good deals out there, especially on more expensive properties. I want one of them $300,000 for $200,000 or a $250,000 for $165,000. I saw my and my exes old house sell for $185k. We paid $100k for it. Ain't no way that house was worth $185k. Lol what's even more stupid is I saw a house just like it on the market for $215k. I'm telling you that house should be $125k at most in a bad buyer's economy $150k. I honestly don't even want that house back. It was nice but it just didn't feel big, it felt ok but nothing to be excited about, just regular. Built in 1998 I think.
    3
  31004. Massive disaster is on the way!! Lawd!
    3
  31005. I seriously appreciate how much you preach quality of life.. I was getting sucked into this hustle 24/7 mindset being in real estate and if I am not hustling like that then I’m not successful.. but seeing your videos was such a huge wake up call for me and really made my rethink how I really want to live my life. I’m tired of many people in this industry bragging about how much they work, working on vacation, giving up time with their family just to be “successful” in the business. Like good for them.. but that doesn’t mean I have to be the same way. Family and quality of life will always be my main focus. You are doing great work!!
    3
  31006. How does someone dislike this content??? Ridiculous, but thanks for the content Mike. All the best from Rockford, Il.
    3
  31007. Good contents, thank you!
    3
  31008. Thank you,
    3
  31009. Happy New yr. 2024 is going to be exciting 😆
    3
  31010. Wednesday video drop! Woohoo.
    3
  31011. Mike we got the property tax which came out on the website... what do you think of your property tax ? I am okay with the number they gave me
    3
  31012. My student loans were paid in 4 years. Work you azz off and get it done. Or, don't take on debt for studies. Save, then study.
    3
  31013. You are so right what's the end game that's like killing animals til extinct. Greed or just plain ignorance
    3
  31014. Very nice video of the forest! One of nature's gems! While we Cali might have some of the best mountains and forests in the country.. We do have some really beautiful ones a short drive away to upstate NY out here in the North East! As a kid I use to fish in the mountains and go exploring with my friends. It's a different kind of beauty from Florida. I love this sort of stuff too! Thanks for sharing
    3
  31015. SELL SELL SELL... your building is probably going to hit you with MAJOR BILL FOR CORRECTING ANY CONCRETE DECAY... THE BILL IS COMMING!!
    3
  31016. This is sad, meaning the prices of homes in Florida, this is getting out of hand
    3
  31017. Been thinking about Florida for a while...im 26 thinking about making it my big 30 move...want to buy a condo/townhouse in the southeastern side fort Lauderdale/Miami
    3
  31018. Too much uncertainty right now. Best just to wait as a buyer or seller.
    3
  31019. Most definitely! Great idea!
    3
  31020.  @MichaelBordenaro  Actually some good news. My job told me that since I'm permanently remote I can go to Any state and still work in the United States. 👍
    3
  31021. I’m moving to Davenport in March
    3
  31022. Great video, Michael! I am happy to see that your channel is growing, you're almost at 1k! I commented on your video months ago how I was going to make the jump to Miami Beach. I ended up taking the leap, I packed my car and headed down there in February. I had interviews going, found the place where I wanted to live after seeing it in person. I was so happy and excited. And then the Corona Virus came and my plans had to change :( .. I am back home with my parents in Memphis, Tennessee until this virus settles down and employers are doing interviews again.
    3
  31023. 1:19 they are at Daytona Beach and South Beach
    3
  31024. Same thing in New Orleans rain all week.
    3
  31025. I think the selling of the bonds by the Fed will effect mortgage rates more than the Fed funds rate will. Haven't mortgage rates already accounted for the expectation of moves by the Fed? Those lenders are ahead of the Fed when it comes to inflation fighting. Raising the Fed funds rate will increase interest on short term money (cars, credits, etc.), but not really have a direct impact on mortgage rates. Look to the 10-yr Treasury note for that.
    3
  31026. Excellent perspective. Unprecedented times indeed. "Remote workforce" flexibility has changed the landscape in more affordable and desirable weather markets. Will be interesting to see if certain markets crash and more desirable do not.
    3
  31027. I really like your 'Walk & Talks.'
    3
  31028. You'll be Aight u clearly can afford to do it. Just think about all the dumb Shit people spend money on that does nothing for them. N here's the crazy part of this guy buys right now as I'm typing this comment he is in profit.
    3
  31029. I love your Videos and your advine!!!🙏🙋‍♀️
    3
  31030. Thank you for the video Michael. 🔥💯😎
    3
  31031. That's why we need to vote for Kamala Harris. She will do for all of America what she accomplished in San Francisco. Wake up people.
    3
  31032. I found the orange crush to be crazy traffic. Leaving San Diego on Friday was another one.
    3
  31033. That iguana looked tasty! Been a few weeks since I had deep fried iguana! All the ones around my home have been cooked! If you think condos are risky now just wait until the sequel of the 1926 hurricane hits!
    3
  31034. Very well played 👏
    3
  31035. YES! I've been saying this forever! In the last 30 years, I've watched homes go up that were tacked together with bailing wire and duct tape (although that might be an insult to duct tape!). I grew up in a Levitt Home on Long Island that is STILL there (and in good condition - largely unchanged from when we lived there) and a house in Newtown, CT - it survived the Hurricane of '38 no worse for the wear (The same storm uprooted a large weeping willow tree). Your right in this discussion though about the buyers - no thought seems to be given to the quality of construction. The materials I see being used today are substandard - but everything is made to look pretty - like a facade on a Hollywood sound stage. Thanks for this video!
    3
  31036. I don't think you would like living in California, unless you are on the far left.
    3
  31037. And creating a citizens union that’s not a bad idea either. I don’t know how you could do it but I’m sure it can be done. Just take somebody with enough skill and oratorio skills to get people banded together and start making our voices heard rather than wait for our representatives. They don’t seem to be able to do anything they’re not getting anything done, so will have to stand up in our citizens union and tell them what’s what
    3
  31038. It’s BiDeNoMiCs!
    3
  31039. Good info Michael! Text me if you need to remodel your condo in Miami
    3
  31040. GREETINGS MICHAEL, ALWAYS ENJOY THESE 😃👍🌴
    3
  31041. Ps. Your just a decent person. Youd never do harm to a person. And you just wanna share, uplift and offer insights in your own ways. LOL
    3
  31042. Almost 1000 subscribers 🤩👏🏻 Only 9 to go.
    3
  31043. It looks like you are walking at HAULOVER PARK when I am down there in Miami that I go to all the time! AWESOME!☘️🇺🇸😎👻
    3
  31044. Great information!!
    3
  31045. You dont have to hear. Keep scrolling. Still free to hear what you want too
    3
  31046. I left a long arse comment on your other video where you compared FL to CA and all I can say is "I knew it". I wasn't sure where you were coming from with that accent but it's from Illinois? Hah.
    3
  31047. If I was homeless I would go to San Francisco. Don't have to pay rent & can walk out of store with less than $1000 of merchandise without being charged of a crime.
    3
  31048.  @MichaelBordenaro  yes, I don't have a mortgage. I have a good amount saved. Years ago up north, I waited 9 mos to have a huge hole in my ceiling fixed. After a new roof on my condo was put in, apparently a tool was dropped putting a slice through the rubber. Slowly water accumulated and I suddenly got a 4 ft hole! But yeah, I waited just to have someone come out to look.
    3
  31049. A condo building in your neighborhood was evacuated yesterday. The Port Royal - 6969 collins avenue. How will this effect home prices in your building ?
    3
  31050. Staying with fam right now
    3
  31051. Besides bogus jobs , supposedly created, alot are gravy government jobs that means more buearacracy that produces nothing but another hire on the Gov't gravy train.😮
    3
  31052. Got to see the white sands at Destin! We did a road trip in March, stayed in Tampa, but got to see Orlando, Clearwater beach, st Pete beach/pier, siesta key beach, then on the way back to illinois we stayed in Destin, loved seeing all the white sand beaches!
    3
  31053. Manhattan Beach = Beverly Hills Beach Edition. Also the only time you should Refinance is if your an investor and the Real Estate is High Risk assuming you can get a lower interest rate than the current Mortgage you have on that property.
    3
  31054. That’s why I don’t like about FL it’s mostly raining on and off and cloudy some or most days there When is cloudy even though is hot (the nice weather) but not being able to see the sun reminds me when it gets darker and snowing in upper states so both scenarios depresses me 😐
    3
  31055. Gainesville is a cool town. College town with a progressive vibe...
    3
  31056. Spot on Mr B! You speak 🗣 the truth. 👍🇬🇧
    3
  31057. I know you like Orlando, what area do you Recommend
    3
  31058. With the high rate of home buying; we might see the market cool off just from everyone owning a home?
    3
  31059. I'm in Chico, north of Sacramento, Ca. Have been looking into Florida as I just finished my Web Developer certifications and need to live in a more Tech friendly community. From what I see online, Tampa, Jacksonville, Orlando, and Miami are very healthy cities with Tech opportunities. I'm tired of having to fight off crackheads from breaking into my car and house here in California, and it only seems to be getting worse with no end in sight. A studio for rent costs $1,600. Just over Cali. I moved here from Colorado after my time in the Air Force because I thought Cali was the dream, it ended up being my biggest mistake. Any tips on Florida for me? Thanks!
    3
  31060. Yep. Inflation is higher than 9% already. We know it, but they aren't telling the truth.
    3
  31061. It seems more people will have to sell off possessions and move in with others. Rent is becoming unaffordable. Difficult times.
    3
  31062. Florida will be the new California. But if we elect better politicians, we can keep it affordable here.
    3
  31063. I'm surprised your grocery bill has not changed, my groceries are 40% higher. A red bell pepper is now $6.59 per lb. and use to be $3 something, A brand of almonds went from $6 something to $10 something.
    3
  31064.  @MichaelBordenaro  Well count your blessings. I buy organic food too so already paying an arm and a leg :) So far the organic beef I buy hasn't gone up really but the chicken has.
    3
  31065. Looking forward to see the video on the Villages. I also follow the You Tubers Jerry and Linda that have a channel on the Villages. They are an adorable couple with their dog Gizmo. They are a wealth of info on the The Villages. You don't have to be retired to live there. The Villages doesn't seem to be a good match for my lifestyle, but I can see the appeal. Its impeccably managed as well. Its a planned community and has rules like an HOA. That can be a good thing for home values and the look and feel of the place.
    3
  31066. Country Inn & Suites was my preferred hotel, but they’re not where I travel anymore.
    3
  31067. Payment would have been $2300 in 2021. $4300 is the cost of waiting for a crash. That house isn’t sitting long before it’s selling. Some people can’t afford with good paying jobs because they decided to wait.
    3
  31068. Always thumbs up
    3
  31069. Just the opposite of your mothers perception, the older I’ve got, the more I can’t wait to leave Pittsburgh.
    3
  31070. Hey Michael! Crazy but i was just going through YouTube and i came across your video. I am also from Belvidere Illinois! Went to BHS and always enjoyed the fair in the boone county fairgrounds and i also played in the BYB league there as well. Great memories there! I am in Chicago now but i have many many memories from Belvidere! Blessings my friend, great video!
    3
  31071. Sounds like you're over it. lol. You never struck me as the Miami type anyway. I think you'd love the west coast like Naples, Sarasota, area. So much nicer people.
    3
  31072. A trillion is just a number. A thousand billion brings it more into focus. A thousand, thousand million - we're screwed.
    3
  31073. The cost of labor and cost of inputs of building new housing is astronomical compared to building a house in 2019, so calculate how much it would cost to knock down that house and build a new one in 2023. With condos being hit with all these insane charges it will just make owning a condo too expensive leading more people wanting to buy a house and that will in turn keep housing prices high.
    3
  31074. One day I'll hope you'll do a video in Hawaii that way we can compare notes for the whole USA beach life. I lived in Hawaii but still haven't gone to the gulf side of Florida except Pensacola
    3
  31075. Isn't a hurricane passing right by there right now?
    3
  31076. Hey awesome to be busy with Real Estate deals! Thinking about getting my license. Love your second channel too so don't sweat it that life is busy right now it happens.
    3
  31077.  @MichaelBordenaro  yes now would be a good time to do it since we don't need the extra income so I could have time to build up a clientele.
    3
  31078. Now that was a different video, an all nature walk.🙂 No Narration, was there a particular reason for no narration? It was good to get all the sounds, but I did miss your narration, since I look forward to it. I understand there could be those that prefer no narration and you need to give those viewers what they like also. So I'm good with it. I'm just glad you are still making the videos and taking us along. I think I see a difference in the video quality, maybe a little more sharp here on my laptop. I normally watch you content on the big screen, so I will have to compare on there. Thanks
    3
  31079. Hi micheal how are you? I have a question I own a restaurant on the Chicago is that where you’re from and I’m to the point right now I’m just done so I would like to have your opinion on this can I move my business to Florida? I’m the owner of Dawali Jerusalem Kitchen on the west loop
    3
  31080. u look familiar
    3
  31081. Thanks!
    3
  31082. Liked the video!
    3
  31083. What about mudslides
    3
  31084. Congrats!🎉🎈🍾😎☺️
    3
  31085. The Biden administration stops giving money to Ukraine and helps Florida with that money!!!
    3
  31086. BUST, and I'm ready to move to OC and BUY
    3
  31087. I do agree that they should not have handled it the way they did, but you are making an assumption they will move in seven years. I know plenty of people who live in their home for more than seven years. Some have retired in their homes. I believe people need to be educated on home buying. In 2008 when people were taking out ARM mortgages in Atlanta and the metro area that made no sense. Home values did not go up enough to justify that decision. It seems that we don't learn lessons from the past. I have taken the time to educate my son on the real estate business and I am not a realtor or loan processor.
    3
  31088. hello please make a video in jacksonville city??
    3
  31089. It is an astronomical risk in buying condos, whether old or new for an end-user or rental. I think twice staying at fancy high-rise hotels these days, lack of maintenance, seismic and global warming. Oh, and the look on those residents rolling out suitcases and few belongings on their hands with ONLY few hours notice of mandatory evacuation. Let that sink in before throwing out lumps of hard-earned money for a high-rise condominium.
    3
  31090. Yes, Florida is sooooooo flat! Haha
    3
  31091. Inticing profit!!
    3
  31092. Hi Michael. What part of Florida has the best cliamate (coolest with lowest humidity)?
    3
  31093. Great video and information, thank you
    3
  31094. Was the water noticeably colder the further north you went? Would you miss that year-round warm water from Miami if you did move to a more nothern/western city?
    3
  31095. Well you know what they say...common sense is not so common
    3
  31096. Dude, I don’t know what’s gotten into you lately either but I wasn’t ready for the speedo.
    3
  31097. I love all your videos!
    3
  31098. All is great and informative, loved the video. But you haven’t mentioned anything about living there with a family with kids, daycare, school cost, etc :) would appreciate some insight thank you!
    3
  31099.  @MichaelBordenaro  thanks a mill!!! We all really enjoy your channel:)
    3
  31100.  @MichaelBordenaro  It seems that I get mixed reviews from everybody about Florida. Some people say that they would almost feel sorry for us if we had to move down there and other people are totally jealous. I hear the same thing about Colorado though. Some people hate it here because it’s so dry and cold and some people love it for that same thing.
    3
  31101.  @MichaelBordenaro  Well it’s 21° here and I am in flip-flops!! I would gleefully donate all the winter gear to not tote shuffle back and forth to the shed when Colorado can’t make up its mind if it’s hot 🥵 🌵 or cold 🥶 !! With 11 people managing all that gear is a full time chore! Of course Illinois is a whole different animal of cold but you get where I’m coming from :-)
    3
  31102.  @MichaelBordenaro  Well I have no doubt this real estate gig will work out for you really well but just in case you could always be a guidance counselor 😊
    3
  31103. Socialist elites in the DC Swamp are on track to destroy the middle class. They hate the middle class. They are educated, have common sense, have jobs, are responsible, invest and the thing socialist despise most we have guns, a lot of them.
    3
  31104. We are fucked all across to board
    3
  31105. informative!
    3
  31106. Can you do an episode on what type of video equipment that you use? What are you using in this video?
    3
  31107. We live in CO as well, my husband and I are both natives, and we are both very ready to get out of here. It's very sad that CO has been Californicated to the level it has.
    3
  31108. which place is good for gardening partial homesteading little safe from hurricanes for 55 ish mom ..
    3
  31109. Totally buy now if u can afford it... no doubt.... less compition for me in the future if it drops...
    3
  31110. I never used a realtpr to sell my home, it worked out just fine.
    3
  31111. My household is already in recession. I only buy what I need right now.
    3
  31112. From NJ and accepted the fact that buying a home is unattainable until rates come back down or 2. Make a lot more $
    3
  31113. Thanks
    3
  31114. Bro I saw a beautiful locality in a movie of Miami. If I mail you it's pictures can you tell me which place is it. It's a waterfront society.
    3
  31115. I can tell your from Illinois by some of the phrases you say, Lol . I’ve lived in Illinois from most of my life except for 15 years in Las Vegas. Michael Keep saying how it is because the truth is what we need. I’m retired and was seriously considering to retire in Florida on the gulf side with my wife but hearing that home insurance is 4000.00 a year on a 400K home without flood insurance and there saying it might double now after Ian. I don’t think I’ll be saving anything and probably costing me more if that’s true. I’m planing to buy a new home in 2 years so I guess I’ll wait and see how this plays out.
    3
  31116. They are optional in Florida and have been for awhile. The only time I wear a mask is when in a Drs. Office where they can ask.
    3
  31117. look at the views wowww
    3
  31118. I am move fl
    3
  31119.  @MichaelBordenaro  I lived in Miami when I went to FIU....never saw Love Bugs. Holy cow, we have them up here!
    3
  31120. I'd much rather live in a mobile home in a trailer park than an apartment. Get a yard and don't hear people above or beside you.
    3
  31121. I’ve lived in Ca over 30 years now and it has a lot of positive and beautiful areas in spite of what the news shows. It’s too bad the housing has gotten so pricey. The Central Coast area is the place for wines now if you come again. Check out Paso Robles area. Very friendly and close to Big Sur and the coast.
    3
  31122. exactly. I had to move to Sacramento from the SF Bay area(east bay) in my late 20s because even the apartments were getting to expensive and this was in the late 90s. I had a lot of friends from high school who moved to Sacramento, becuase it was the only way to afford getting a house. I'm sure the houses are getting real expensive in Sac town now(been away from there since 2009).
    3
  31123.  @MichaelBordenaro  yes....and Sacramento isn't that exciting. Its to me, just as hot as FL in the summer. I easily prefer both Orlando and Tampa Bay to living in "Sac Town".
    3
  31124. Michael, you ever been to Mexico Beach? That's where I'm moving to soon. Talk about a sleepy town.
    3
  31125. Hello Michael,...just got back from visiting my sister in Plano Ill. She picked me up at Midway Airport then we went up to Kenosha Wisconsin(after passing thru Rockford Il) and chilled on Lake Michigan for the day,..went into Milwaukee the next day for a bit and then finished up in Lake Geneva Wisconsin. We both had a great time. I know this doesn't have anything to do with the video,...just thought it might put a smile on your face.
    3
  31126. This is insane !!!!
    3
  31127. Do people stop and talk to you when you are filming these videos
    3
  31128. It is NOT the role of gov. to pass laws on what an invdividual can or cannot do with their personal property. THAT is what HOAs are for. Another gubbermint money grab.
    3
  31129. An example of a use case for metaverse would be, a builder showing you a virtual house you can walk into befor it’s even built. There will be many uses we can’t see or understand yet. Bitcoin and some crypto projects are another thing people don’t understand yet. We are early
    3
  31130. WOW OMG, TEST OVER THE WEEK END, THAT'S AWFUL !!
    3
  31131. Move north of Palm Beach … instead of paying so much money for a shit box in Miami Beach. Those days are over. And too much traffic anyway ….. 🤪
    3
  31132. In just about every video I see, I see a LOT of dead tree parts on the side of the road and in people's yards. Who cleans/picks up this trash? Does it stay there for like a month or so at a time before it is collected?
    3
  31133. Young people were already struggling to get higher paid positioned because older workers weren’t retiring out of the workforce in large enough numbers, how much worse will that be if more retirees return to the workforce?
    3
  31134. What areas of Florida would you consider moving to based on your recent travels ? I just moved from CA to VENICE/Sarasota area the #1 retirement destination for 2020-21 in the USA according to U.S. News & World Report
    3
  31135. Thank you Michael for the information. 😃
    3
  31136. I'm a plumber, people who bought houses without inspections got fucked with all the shitty things wrong with the house. I wish I could shove all the stuff wrong with my house to someone else and also get 100,000 more than I bought it for but my interest rate Is 2 so I'm never selling maybe renting in the future instead haha
    3
  31137. I’m pretty curious as to how much your apartment/condo is with your beautiful view! How much do you make a year to properly sustain yourself and live somewhere so nice? I’ve also been wondering what the hell you do besides YouTube to afford such a nice place lol
    3
  31138. It has to be a tax fiddle for $350k a month.
    3
  31139.  @MichaelBordenaro  Hi Michael.......Property tax is a confusing issue for me especially coming from California. If I were to purchase a condo in Miami Beach for $500,000.00 what would the property tax be and how is it calculated? Thank you
    3
  31140. Great; thank you... what do you think about Marco Island ?
    3
  31141. merry christmas guys!
    3
  31142. I’m elegible for a pension thru a company, and 1 of the options is an $80k cash option and a decrease in monthly payouts. U made me think and this might be a good option if pensions face bankruptcy in the future. I’ll be like.. at least I got my $80k check 😂
    3
  31143.  @MichaelBordenaro  , I am glad you like it up here. I will be going to SGI in the next couple of weeks. Just returned from Pensacola.
    3
  31144. Good idea especially traveling cross country. You either pay for a hotel & eating out & the hassel of unpacking/packing vs. where's the next rv stop.
    3
  31145. Very nice. I'm definitely sensing a move coming up for you guys. I don't know, ever since the condo collapse the and poor man who was killed at a restaurant protecting his son a few weeks ago..... It's just maybe time to move somewhere with a different vibe.... I know it happens everywhere though, this world has gone crazy. I live in a city too and am looking for a different lifestyle. It's tough with the housing market right now. I still think about Dunedin a lot...........sigh.................. Anyway thanks for the video. We never made it to this beach, very pretty. Did you make it to Captiva?
    3
  31146. Thank you for the good information
    3
  31147. Miami is expensive. Been there 2 times last couple of years. But I love Florida. Maybe someday I’ll move from Norway to Florida 👏🏻 Have been 2 times participated the Miami to key west poker run in early November with boats. Looking a little bit for fun at houses to buy on the country side in Florida because it’s a lot for the money 💰
    3
  31148. I think that real estate is similar to the stock market. Unless you are really, really, savvy you are better off not trying to "time" the market. I follow the financial markets fairly closely, and I was aware of the long "re-inflation" of real estate post the 2008 crash, and I thought everything was long overdue for a big drop around 2019, and especially after Covid hit. Boy was I wrong. Who could have predicted Covid and the huge boost in asset prices following it? So for the average person who plans to live in their house long-term, it is always smart to buy as long as you are careful and don't overpay for the property relative to it's current market value.
    3
  31149. While driving on Oakland Park Bl. one bright and sunny day in Ft. Lauderdale, a small monsoon whipped up and I very rapidly reached for the oars in the back seat. By the time I had them in the front seat, it was again a bright and sunny day in Ft. Lauderdale. My mother, who moved from Masachusetts to Lauderhill said that it took a year to adjust to the heat. She called the bugs and little lizards in her condo "no-see-ums." On the bright side, while visiting her in February and after a night at the Hotsy--Totsy Lounge, I could wake up with a hangover, jump in the pool before breakfast and be refreshed for my morning bagel and cream cheese.
    3
  31150. Michael this is one of your best all-time videos. 66 year-old retired Geophysicist here, living in Florida, play like a child all day, no kids and I can't help but gloat.
    3
  31151.  @MichaelBordenaro  thank you so much🙏
    3
  31152. How much did you pay the kid for that perfect shot at the end? Seriously beautiful dude!
    3
  31153.  @MichaelBordenaro  It actually worked, looked a silhouette of him. Nice artistic wrap up to the video.
    3
  31154. Especially in CA. They want the state to go full electric cars by 2035. They can't even handle rolling blackouts and fires. Corrupt and dumb ppl in office.
    3
  31155. That’s a good thing if you ask me. Love meeting new people. Especially from different places.
    3
  31156. well i wont be paying for it cause i dont pay taxes
    3
  31157. We should always plan for the worst, even 2 months could be not enough if the economy gets worse day by day. Maybe 6 months or a year of savings is needed in this situation. It's not going to generate income but it will keep you sleeping well while finding other things to do.
    3
  31158. Good review, nice job
    3
  31159.  @MichaelBordenaro  Hi Mike,I`m 58 and retired with $250k in the bank,would I have trouble renting a house in St Pete while I`m looking for a house to buy there?
    3
  31160. This is great news & what a deal! Now you can stop your search….Miami is home.
    3
  31161. BY THE WAY I JAMM TOO...FLYING V GUITARS..LOL
    3
  31162.  @MichaelBordenaro  GIBSON OR JACKSON V FOR MR BRO...LOL
    3
  31163. Go back to to the Don Johnson Look and ur like Me Sorry.. People at ALL ages Don't want to Liston to What ur Saying..ALOHA 😁😁😁😁
    3
  31164. Very good info...you are a detail oriented...I liked your video...thank you!!
    3
  31165. Awesome video! I'm surprised that CA isnt near the top of the list for credit card debt.
    3
  31166. So much truth in this video!
    3
  31167. Vivitar home security does that whistle thing. A neighbor has it and I can hear it if he gets a delivery or something
    3
  31168. If you’re buying offer half and see what happens.
    3
  31169. What would be also interesting, which places are like the best for buying to and -> rent out. Like you can buy somewhere for 300'000 mostly and rent out for 2'000 and an other places you can buy for 100'000 and rent out for 2'100 per sample
    3
  31170. U guys are brothers from another mother
    3
  31171. Love to hear you compare Venice California to Venice Florida I noticed Hollywood and Beverly Hills Florida are nothing like the famous California towns
    3
  31172. With the new remote work trend, more people are gonna move to florida, house price up up up
    3
  31173. love how you share your info, thanks very informative ... im enjoying the video
    3
  31174. all good and useful info / thank you/ good job on being able to walk and keep talking with out looking at your notes
    3
  31175. Algorithm
    3
  31176. Gray hair can be contributed to a copper deficiency.
    3
  31177.  @MichaelBordenaro  wow that's early, but at least you didn't grey a lot till your in your thirties.
    3
  31178. If I wore Gucci and LV then I would absolutely buy the fake stuff and brag to all my friends how cheap it was, I would tell them how foolish they were for paying thousands for something I got for pennies on the dollar... but that's just me. I really liked this video.
    3
  31179. Another great video!
    3
  31180. The avg joe RE investor whether owner occupant or investor has grossly underpriced the cost of capital for RE. On insurance..it's only as good as your insurer's ability to pay
    3
  31181. Great video's Mike, Can you do more video's on the panhandle, please!!!!
    3
  31182. It's a stand off here in Seattle. The tekkie jobs bonanza is history. Only a dope would buy in now. "It will never happen again". Yeah, sure.
    3
  31183. Once a week, we go to a small, local restaurant. The food is real, there's more on the plate and we are served by a real, friendly person. Even after a decent tip, it's cheaper than fast food. Fast food restaurants are definitely gouging.
    3
  31184. If there’s any lightning ⚡️ you really shouldn’t duck under a tree for shelter .
    3
  31185. Michael , today's walk was a laid back looking neighborhood . Nice ..
    3
  31186. Awesome video!!! Thanks, Michael!
    3
  31187. Time is money
    3
  31188. Reminds me of walking in the Appalachians with the roots and ground consistency. Thanks for sharing and also thanking the park service for their hard work. A lot of people don't realize how much work it is to help maintain and ensure the public's safety. Happy Trailing!!!
    3
  31189.  @MichaelBordenaro  Glad Lisi and you are having a great vacation. I am sure Florida is missing y'all though.
    3
  31190. Coming to Miami Beach area for a month or so to explore the area. Are there any good short term accommodation other than airbnb?
    3
  31191.  @MichaelBordenaro  roger roger. Thanks.
    3
  31192.  @MichaelBordenaro can you recommend areas somewhat close (30 minnutes) to the miami beach area that's reasonably priced? Is it pretty much going to be 1500 a week for the nicer areas of Miami? Just don't want to end up in the ghetto.
    3
  31193. Beautiful i like it more plaese!!!
    3
  31194. Thx Michael !!!
    3
  31195. im a econmist in uk and I will agree, its not even began yet , well it has a little but the mass population don't know yet they are still in mind frame this is just a phase.
    3
  31196. Buying "long term" health care is similar to buying an "extended" warranty contract on your new car purchase. Who is to say that underwriter will still exist when you need to make a claim?
    3
  31197. Great video. I think in your last example they’re trying to cover the real estate commission. Although, the speculation is definitely similar to 2005-2006.
    3
  31198. You’re absolutely right about that. It’s pushing the limit for sure. Enjoyed the content. Keep it up.
    3
  31199. That first one is a typical leftist. Ignore them.
    3
  31200.  @MichaelBordenaro  I appreciate the feedback and how you respond to nearly all your YouTube comments. Sending good vibes to your YouTube and real estate career.
    3
  31201. Totally agree. The government will not allow the economy to reset. All this intervention created all this BS.
    3
  31202. If you dig around in specific states you can get property for under $100,000. Of course they won't be in hot areas.
    3
  31203. 3:35 Wow, confusing economics. Too busy to close a real estate deal? I think we have hit a peak in fast and loose money when that is said. Back in 2006 I asked a coworker if her real estate agent could help me buy a starter home. She said, "you are not worth her time". I was forced to make a $30k cash deposit just to hold a condo. We all know what happened a few months later. Not old enough? Let me remind you. Poles 10 feet high with lockboxes stacked on every inch, people putting keys in the mail to the bank and marching right to bankruptcy court to try not to lose everything else. It was financial Armageddon. Lehman Brothers collapsed. Citibank and Wachovia collapsed and got bought out. The government bailed out General Motors. Whole communities were either vacated or never finished being built. Not bashing Michael. That line just hit my funny bone. Keep up the good work!
    3
  31204. Mine is up 41% in Lakeland
    3
  31205. There is no such thing as a low ball offer. An offer is an offer. The market dictates price not you. And believe me. I’m a property owner too. But the market dictates price. Not the owner. There is no such thing as a low ball offer.
    3
  31206. Hi Australia 8:42 am just sitting here reflecting on Life and keeping My Mind clear of the Static to make this Year good.
    3
  31207. ‘Tardo Trucks
    3
  31208. The FED can’t reverse corse. They will lose all credibility if they do and that would crash the market worse.
    3
  31209. This area is called Davis Shores. It is on Anastasia Island. The "castle" is nicknamed the Davis Shores Castle. It's an old structure zoned commercial but used as a residence in the past. It has no history of being haunted that I know of. The current owner wants to develop it into an event venue but zoning is an issue and neighborhood objection.
    3
  31210. Zorayda Castle on King St. Moorish architecture. Also Castle Warden just north of the Castillo, current home of Ripley's. @Michael Bordenaro check out the neighborhood behind Castle Warden(north) it is often overlooked. Overpriced right now but I will be watching closely in the next few years.
    3
  31211. General Motors is having remote employee call back is meeting resistance.
    3
  31212. Oh HAPPY BIRTHDAY HAPPY HAPPY!!
    3
  31213. Thumbs up! Well done and helpful as always. I have been planning a return to my home state of Florida to "retire" (whatever that means!) but which is currently on the shelf due to all the uncertainty. Anyway, my plan was looking at condos (mostly in the Treasure Coast or Bradenton/Sarasota) in the $100,000 range with HOAs in the $300 ballpark since I would be pretty much on a fixed income. However I am now considering going a bit higher to buy an actual house which could maybe be cheaper in the long run. Of course the cheaper stuff is generally away from the coasts or in shadier areas (and I don't mean from the palm trees!). Anyway, I've been Zillowing out with an eye for that sweet deal -- and of course watching your videos :)
    3
  31214. I think they are trying to set us all up for failure as much as they possibly can. That way we will all be easier to control. They want us dependent upon them.
    3
  31215. I do IF and i had a feeling u did too for some reason! Its great isnt it!!
    3
  31216. I want to live there so I can see my aunt and cousin more. We only see eachother once a year so it will be a big change for me
    3
  31217. Another awesome video, MIchael!!! You DO live a great lifestyle on your budget 👍🏼 .I may have missed this, but I’m curious to know what size is your apt? Ie sq ft and # of beds & bath? Also, I am originally from Chicago (& now live in Marin- a pricey county in SF-but where is it not pricey in CA 😅 ), and I noticed I have read many of the same books as you——— no one I feel a cyber kinship to you. If you move, I’ll take your place 😉
    3
  31218. SUBBED
    3
  31219. She's right!
    3
  31220. I moved to Jacksonville by myself on a job transfer it was petrifying, it didn't work out, I wish I gave it more of a chance. I will say that I have zero regrets, I saw a lot of places and met alot of people on my time there. I was petrified of the traffic and the lightning ha. I am now looking into North Carolina once the craziness is over
    3
  31221. Thank you me too😊
    3
  31222. Thank you.
    3
  31223. Michael Bordenaro it’s seems like it would be an easy fix with some enforcement but it seems nobody cares.
    3
  31224. Michael, you work too hard. You are too young to go grey.
    3
  31225. I like this video I love both places and really want to move to one or the other. It’s been extremely difficult on me as I have sustained injuries from a car accident and could never afford to pay the rents in California. I was wondering if when you were there if you seen any mobile home parks where rent is usually cheaper. I know Florida has quite a few.
    3
  31226. Michael Bordenaro thank you for replying I look forward to seeing more of your videos enlightening I really like to read comments others make as we’ll. No one knows everything except God hallelujah! I think I like California better. I like the Florida Keys area have you checked out that area at all. I’ve been to LA and the Keys but have never checked out rent anywhere. It’s a big one for a single person in my opinion.
    3
  31227. I am also have issues living in one place for more then 1 year.... I understand you completely. I would feel great living in a place where no one ever lived so I can be first one and last one... I would also like to live the way that I can relocate within 1 day to any other place... 2nd thing I have as I am minimalist, but first one its the hardest... And yeah you live in great place !
    3
  31228. I understand completely that making a huge decision such as this is not always the easiest. I myself want to Florida from NJ. I am so bored I've been living in NJ for almost all my life. I did live in Florida once before but that was when I was a young boy going to high school. I used to live Port Saint Lucie, Florida. Then after high school I moved to Ohio for about 8 months and then I moved to NJ in '88. I am so bored the weather climate in NJ hot n cold n snow back and forth. Thats how I get sick. I need to live in a all year round warm state, and that is making a move back to the sunshine state.....Florida. My folks retired and bought a place in Pembroke Pines, Florida and they're happy. Now they are waiting for me to make move down there. As of this moment I can't make a move just yet because I have some legal issues I need to finish with and then I can make the move down there. I visited Florida a couple of years ago shortly after my folks moved down there, we took a trip to St. Augustine, Florida. Ihave to say St. Augustine, Florida looked beautiful wow. Some of the places I was viewing on youtube were places such as Port Saint Lucie, Pembroke Pines, Deerfield Beach, and Miami. I even looked at Tampa, Florida. Big Decisions to make in the near future. I'd say I'll be ready to move by next year, say about next April before the summer holidays arrive for 2022. That's all for now Michael. I will keep viewing your youtube channel ok. Take care.
    3
  31229. Good vid, Michael. I'm twice as old as you & have (or been) moved 48x...and looking again, as my current location is too cold. I tell people to pray and wait until God opens the doors. In the meantime, do your homework & the rocking chair test...when you are 85 will you think back & say "I wish I had..."! Looking forward to your exploration vids.
    3
  31230.  @MichaelBordenaro  Damn right! Some good quality RV and I would be good... Dont have roots to be honest so this may be something good to do!
    3
  31231. it was 4:44 am this morning when your video came up in my phone!!! my psychic abilities tells me is more than what you're telling us, money and a big house is not always happiness or success! I can relate because I moved from Indiana 3 years ago to Fl leaving behind family friends and a life time of memories and career, but with covid all of us loss our jobs, many loss a family member or spouse. I learned the lesson covid came to teach us, nothing is more important than family money comes and goes, Miami is an exciting city when you're young or if you came from countries like colombia venezuela cuba Miami is there home bc is chaotic fast pace, expensive and yes beautiful, and can say this because I'm from caracas venezuela the difference is I came 33 years ago you might regret leaving Florida not only bc of the beautiful weather year round, but is a conservative state. if planning a family is in the near future for you and your wife, maybe jupiter, palm beach gardens, tequesta, St. Lucie would be a great area { school } for raising family, this way your wife will extended her business to the rich and elite life style here, I extend my interest in working for your wife dog business I love dogs like crazy but chicken to start my own business my talents and gifts are artistry , design and coach management then numbers or office life. I'm pretty sure you'll be successful anywhere, however florida utah seems like they're the state where everyone are moving to because is safe for families!!!! listen to your inner voice, what you are feeling is the negative energy from all people's walks of life ..............let God let go Michael thank you for your videos !!!!! { your talent is need it } hope it helps [-:
    3
  31232.  @MichaelBordenaro  Im pretty sure that you’ll find in your heart your next home !! Wish you the best and your wife !
    3
  31233. Do you know anything on Southgate towers in Miami Beach is it hard to get a place there would they rent to a 18 year old with some money and a parent co sign?
    3
  31234. everyone need to go read rich dad poor dad
    3
  31235. All those homes are ridiculously low priced for todays real estate market. I looked for over a few months for a home in those areas and could find nothing less than $250,000 for a decent home.
    3
  31236. All that is missing is a mini deck and a spa! You're living in style!!
    3
  31237. I'm from Tiburon great town check out Belvedere beautiful views
    3
  31238. Great video! Thanks for showing places in Florida! I never knew towns in Florida looked like that since I’ve only been in the Miami area. Awesome footage of the ducks. Thanks to Lisi for the impromptu modeling session, lol. 😂😀
    3
  31239. 😅😂🙃
    3
  31240. 🤡 🌎 strikes again 😂😂😂 If you can survive on $20 an hour your better than me😢 and you don't live in Denver 😂😂
    3
  31241. Man stoked to see your channel picking up! I'm still in Utah running my glass business. I still want to move to Florida during the winter. Just interested how rent prices are out there currently, I'll eventually want to buy. Thanks!
    3
  31242. I guess the recession begins right after the election 😮
    3
  31243. Naming houses is very coming on Cape Cod, Martha’s Vineyard and Nantucket Island up in Massachusetts. It’s very charming, and impossible to find a specific address without asking the locals.
    3
  31244. Good video man, I was hoping for a graham Stephan in Florida lol, glad I found you
    3
  31245. Still 50 or so days remaining in the Hurricane season.
    3
  31246. I’m looking for a house from 300-600k with water behind so I can park my boat and take it to the gulf or ocean. Can you recommend some city or places?
    3
  31247.  @MichaelBordenaro  thanks Michael for replying. What I meant to say is. I looked on Redfin for houses that has a canal in the back and you can park your boat there and have access to the Gulf. The only houses I see in that 300-600 price range are only in Cape Coral. Is there any other cities in Florida that is similar to Cape Coral?
    3
  31248. You mentioned at the end of the video about making another video talking about what you do to protect yourself financially. I WOULD LOVE FOR YOU TO MAKE IT!!!!!!!!!!!
    3
  31249. Happy Thanksgiving bro.
    3
  31250. Also, I love the northern places in Florida because they have some southern charm. The only downside of Tallahassee is being far from the beach but still a great place IMO. I'm excited to see these places again through your videos! When is this happening?
    3
  31251. What a beautiful little town , it's like old movies or postal cards . Thank you for sharing and enjoy your journey, safe trip.🙏❤🥰
    3
  31252. HIII im in favor of California climate and the way the landscapes..however I prefer the governor of florida and the tax policies WAY better than CA they are ruining California ..sadly
    3
  31253. la is still held together they have destroyed sf. very sad. I may call you re florida- yes the background looks awesome ..the tax and the law enforcement is worse in cali, the mask thing is still a big problem (we dont know why either..different governors!). most of the people hate the mask thing too...San Francisco used to be so gorgeous.
    3
  31254.  @MichaelBordenaro  yeah its pretty sad..I dont want to leave ca but I think im going to go take a trip and check out fla ive traveled all over but never been to fla ever...I think the politics in fla are more sane but ca is prettier, but they are ruining it -- breaks my heart but I see it people dont go to sf much anymore b cus of what your talking about -- I love ca but they really need to get different politicians ( TOTALLY ignore democrat/republican I just pay attention to what the people are doing or want to do) :) cant help what I see w my eyes...
    3
  31255.  @MichaelBordenaro  big time 🙂
    3
  31256. thanks for all these tips and reminders!
    3
  31257. They had a chance to get more and they held out to stay.. why are you making it sound like they didn’t have the same offers.
    3
  31258. Sold my house a year ago in San Diego for $$$$$. Living in rv month to month in az. Waiting
    3
  31259. Born and raised in CA. So difficult to find parking at the Beaches now. I drove 1 1/2 to mission bay yesterday and didn't find parking. Ended up driving home
    3
  31260. West Coast has a ton of Art, Museums, Cruises, Sporting Events, higher paying Jobs and such without the traffic. I'm in technology and Tampa is growing far faster for tech than anywhere in Florida. Just some corrections to your video. And our sunsets!!! Gorgeous! I love Fort Lauderdale. However, it is too busy and feels so much like Vegas on the beach. Sarasota and Tampa are younger these days. The migratory paths to the West Coast are bringing more families also. Come to the West Coast and chill out. Key West Express from Fort Myers to Key West is way better than the drive from Miami. So fun!
    3
  31261.  @MichaelBordenaro  for sure. Both differently awesome.
    3
  31262. For the algorithm.
    3
  31263. I’m glad you talked about this cause I don’t have a job and bad credit but I have about 15k saved up and looking for a 1300 apartment but I keep getting declined. I’m moving from Maryland to Florida
    3
  31264.  @MichaelBordenaro  ;-) nudge nudge, LOL just kidding but maybe you can make a video on why Miami is better than Fort Lauderdale and I can show it to him how about my cause a bit LOL just having fun here have a great night love your content take care
    3
  31265.  @MichaelBordenaro  I was being funny not serious LOL
    3
  31266. Beautiful video. What is your recommendation for ocean view apartment in Miami Beach ? Any building you do recommend and which building you live and how much the rent now ? Hope to meet you sometime when I move Thanks
    3
  31267. Nice haircut and brilliant video✌
    3
  31268. Thank you for a very informative video , I didn't know much about sink holes.
    3
  31269. Learn something new everyday!
    3
  31270. Michael, I really liked the video !! The driving on the street to the beach, let us see what the surrounding area looked like, good intel.....On the mold ,try silica gel ( small white packets used to keep electronics dry( radios)). Hope that helps !!....
    3
  31271. Brilliant video- very real and authentic... I would love to know if surfing is possible in the east cost and if yes, is it safe to surf 🏄 (I.e. shark nets etc) - thank you 😊...
    3
  31272. Well at least it looks like a beautiful day there with a sleeveless t shirt in every video lol I’m jealous 😂
    3
  31273. What happened to the small art part of Dunedin you were walking to?
    3
  31274. LOL, the mortgage company will risk a property loss by not enforcing HO policies! People need to wake up.
    3
  31275. I would love to get my money back from this!
    3
  31276. Hi from Australia and Adelaide 40 degrees celcius here today and waiting for the cost of living to come down but will it? All the companies are enjoying bigger profit's.
    3
  31277. 👍🏻
    3
  31278. OMG, the serious work place hazards of a YouTuber! I'll tell my husband, an electrical lineman, to stop whining.
    3
  31279. A lot of people are going to be shocked when Property taxes reassessments really raise taxes.
    3
  31280. Trust the guy with the ESP and half stack amp :)
    3
  31281.  @MichaelBordenaro  I got an ESP I was like this guy knows wassup 😂
    3
  31282.  @MichaelBordenaro  rock on dude 😁🤘 I'm a stacker as well. I'll do anything to get out of this fiat game at this point 😂
    3
  31283. Life is more than value of house. Because housing can kill economy how if people are paying more than 35-75% of their income in rent or mortgage then who is going retail shopping eat in restaurant etc etc sorry in process will hurt real estate investors Also for lot of people it’s their inheritance so they want home prices are up If they could should have taken advantage fed gave till April 2022
    3
  31284. We'll all be ok with less stuff .. We seriously over consume bigtime
    3
  31285. Round of appplause. 👏 Commenting for the algorithm.
    3
  31286. I think for your safety, it needs to stay sunny on the drives. Haulover is a great place to hangout and see the sights.
    3
  31287. Photos would've been nice :) now show that condo up, would love to see it... Even though 550k isn't a cheap price, I don't even want to know what the HOA fees are, lol...
    3
  31288.  @MichaelBordenaro  Awesome, at 550k it MUST be a nice condo!
    3
  31289. Omg I was there
    3
  31290. I just saw a house sold for 60k above asking still 😫
    3
  31291. Wish you a good luck. Doing great job❤️
    3
  31292. I enjoyed being "on scene" in your Jeep. Waiting for the correction is the best strategy. There is the issue of inflation and possible interest rate hikes in the future. Plan accordingly.
    3
  31293. Really enjoy seeing different areas of Miami, so pretty. Content is interesting , so many different topics. Thanks, for taking us on your walking tours…..
    3
  31294. What a beautiful spot to shoot a video! Glad to see this update video!
    3
  31295. We lived in Haines City, in the center of Florida, and the eye of Irma went right over us.
    3
  31296. 2004 charley Jeanne Frances went over me and pretty much wiped out kissimmme... never forget that night
    3
  31297. I'm not sure what you mean about electric cars - I've been eyeing one for years and even in spite of the cost, people ARE lining up to get them. It's to the point right now where getting on a list to get notified when availability comes up is all you're able to do, much less actually getting on a wait list, preordering, or getting the chance to buy. Sure, new cars in general aren't the most available thing right now but electric ones are far and away harder to get. My entire state doesn't even offer them at all, but they have no problem getting an entire new model year's production capacity yoinked by eager buyers in no time. Certain models have been reselling nearly double their MSRP simply because the demand is through the roof. The market is insane right now, so I really don't know where you're coming from. But don't buy into the hype - they're fast, but you don't need that for getting around. They save you money and are super convenient (literally just plug it in and come back to a full 'tank' overnight) but if you don't have control of your home parking situation that doesn't apply. They are better for the environment, but the emissions caused by manufacturing a new car are comparable to years worth of driving a gas guzzler around anyway, so you're not doing anyone a favor buying a new EV. They're efficient, but an e-bike would be significantly moreso for most in-town needs. We should be re-thinking the way we get around, but turning the gross amount of road traffic into heavier, quieter cars is a shift, not a solution. The people in charge of saying we're not going to be making ICE vehicles should also be making pedestrian and bike paths, and investing in serious public transit first and foremost. Going green means that we should absolutely not have most people choosing to go to dentist appointments via 2 ton king-size metal boxes and paving over 50% of the surface of our cities entirely to accommodate that. The core of the issue is something that hurts us in a lot more ways than just carbon.
    3
  31298. 10:10 -I have a different way of looking at it. If Chicago homes are only going down by 3%, it being largley unaffected by the housing price correction, I'd be waiting for interest rates to come back down before buying a home there. If Phoenix homes are dropping by 30% or more, I'd be waiting to buy something that I could afford put a down payment of at least 2/3 the cost of the home, regardless of interest rate. You wouldn't be underwater. Your home would be affordable, and you could wait out year or so for rates to come down to something around the 5% to refinance. Of course if you could afford to buy a home outright that has taken something like a 30% cut, I can't blame people for wanting to make a move like that. 2 cents doesn't buy you much these days, but here's mine.
    3
  31299.  @MicahB98  Thanks for the reply! It's so crazy...
    3
  31300. yes! end welfare and let them fail!
    3
  31301. . 👑 Mike B. "The birth of cool"😇 I always listen to you & Alex 🤴Christoforous of the Duran to chillax🏝 Orange juice & Greek olive oil grillade cuisine,oh yeah!😁 Peace&Light!🙏❤🌷
    3
  31302. 💜💙🩵🇺🇸👍
    3
  31303. $6300? Does it come with the police car?
    3
  31304. Michael, I work for a $16B private real estate firm. You must consider replacement cost. How much would it cost to replace the house you just walked by? $700 per square foot? Probably.
    3
  31305. Anyone considering buying a house should watch this video at least 10 times.
    3
  31306. This video was well done. Thanks!
    3
  31307. HOW IS THE MUSIC SCENE IN FLORIDA MIKE?
    3
  31308. Many solar units on the tops of hills are in bad need of maintenance or have been abandoned. Same kind of story.
    3
  31309. So from my experience of visiting Miami and speaking to the locals (or as local as possible), a lot of people have second homes in South Florida right? Could you do a video on that and how that works?
    3
  31310. Aww sorry for that...but I'm sure you can find ways to make money. Maybe collaborate with cat vloggers/bloggers and split comissions while you write their articles? Send free cat food to subscribers? Put exclusive cat stuff to bring traffic. Idk have to hussle and look for ways to get $. If you put the work in you can do it💪💪
    3
  31311. So I sell my House for a tidy profit and then what, I pay more than what my mortgage is to rent a place???
    3
  31312. Yeah check engine could mean you just need an oil change and tuneup and tell him mechanic resets it
    3
  31313.  @MichaelBordenaro  I'm a real estate agent here. MANY are fleeing the state. MANY.
    3
  31314. Micheal houses getting sold at low prices. One was 310k and got sold for 270k. Im in Cali.
    3
  31315. Wow. An Alien statue! That is so cool. Lance Henrikson probably lives there (Alien II and III). There's another full sized Alien in St. Augustine in the Wax Museum (I think it's currently getting repairs done). I'm not a monster movie fan, but the 4 Aliens film were unique and well done.
    3
  31316. Re. School tax: I am alnost 79 with no kids (long story). In my Atlanta suburb, school taxes are 60% of total city taxes, which are high. I never complained, as I don't mind helping society by educating kids. Two years ago, the citizens voted in an exemption from school taxes for residents over 70, which has been a big relief since I now live on retirement and SS, with sometimes getsca modest COLA adjustment.
    3
  31317. hey...you forgot to mention tee pee's....maybe that's better than a tent.....maybe not...maybe just equal to a tent
    3
  31318. Awww, i love your love srory!!!
    3
  31319. Yes. Slow crash in progress.
    3
  31320. A video from a boat touring the shoreline would be cool. Also, some local parks.
    3
  31321. $350k per month?????
    3
  31322. What east coast area doesn't get hit by hurricane
    3
  31323. Medical costs are high and good luck if you get sick or cancer you can go bankrupt.
    3
  31324. @07:10 like seriously.. What the hell are you pretending to look at.. Bro all you see is your hood!!!! GTFO!!! lol
    3
  31325. who did the joker art?
    3
  31326. Michael, I’m curious about monthly rentals vs. nightly vrbo or Airbnb investments. Seems like there’s pros and cons to both. Having to evict seems like a gigantic headache but so does cleaning a place daily.
    3
  31327. Looking to be coming to Florida from the uk for a couple months but damn rental is so expensive can’t find anything below 1000 looking on airbnb should I be looking anywhere else?
    3
  31328. great video its nice to get a good real feel for a area
    3
  31329. wait it was 2.7 right?
    3
  31330.  @MichaelBordenaro  Yes you guys are getting hit hard down there with rate increases from homeowners, car, and property taxes...which understandably we all are across America. I hope it doesn't increase. Good luck Brother!
    3
  31331. Thanks for all your news
    3
  31332. I don’t believe in luck, you have to be prepared when opportunity presents itself. How many times have you been presented with a golden opportunity but you were just not in the right place. So always be prepared financially, emotionally and physically, spiritually when that opportunity presents itself. 😉
    3
  31333. I like the way you review the places in detail and compare them to the other locations of the state, good content as always. Great towns and beautiful people!
    3
  31334. Thank you for this video
    3
  31335. This dude have a big Terabyte hard drive in his brain ! Information just flow out… non stop 😆 Merry Christmas 🎄
    3
  31336. Hi Michael Bordenaro, if I may we currently have a lot of jobs available in Miami Dade, you can see all the positions, hours and rates here @t if I may be honest, we are currently looking for more then 200 employees.
    3
  31337. even if they knock off 20% they still have another 40% to go
    3
  31338. memory lane!
    3
  31339. Always interested in the walks and the content within you're videos, watching from London, UK. Nothing to do with Florida, but still very enjoyable. Congrats on 3yrs Champ.
    3
  31340. I think it’s normal for people to want better things in a life. “Luxory” is such a relative term. To me, making anything under $60k year with good benefits where I live is still a bad year. To somebody else, they’d be happy now with just $20k a year with no benefits. I’m happy with my paid off economy car. I know people who feel they need to have 7 years of car payments for an expensive, exotic car they can’t afford to impress others when in reality nobody cares. Nothing wrong with wanting more in life as long as we legally, legitimately work for it. The root of all evil is not money. It’s the lack of money. I look forward to getting back to Miami in 2021. Nothing like spending time at Miami Beach. I like the show about the Kardashians. While it’s not financially realistic for most people, I sometimes like the funny, entertaining drama. Kim K. and her sisters are beautiful, nice eye candy ladies to look at it too. 👌🏻✈️😃
    3
  31341. OK Michael, as usual I am going to give you some push back with a long comment (but I think you can handle it - and it's good for the channel). With regards to the issues with electric vehicles and specifically range anxiety this is what I found in a search "The United States Department of Transportation Federal Highway Administration said that the average person drove 14,263 miles per year in 2019. That's roughly 1,200 miles per month per driver or about 39 miles per day. By comparison, the DOT said the average annual miles was 13,476 in 2018." - So the average American drives less than 40 miles per day. Now obviously when dealing with averages there are wide ranges behind it but if you look at ranges for electric vehicles they go from a low of 84 miles to an average of 194 miles to a high of 396 miles. My guess is that is enough to cover way of 90% of the needs of people. Just ask yourself when you last drove longer distances in one day (maybe on your tour around Florida but maybe not even then ...) With this knowledge it should be clear that range anxiety is more a psychological factor than a practical one, and that people who have the opportunity to charge at home or at work don't really need to worry much about how long it takes to charge a car at a charging station - so there is that... On the positive side you have: reduced emissions (at least if you don't use electricity produced by coal, oil or gas) AND you don't need to worry about gas prices digging a big hole in your monthly budget. Also there are far less moving parts in an electric car, so far less worries in terms of maintenance and associated costs. Let's not be naive and blind to the fact that the oil majors will do practically anything - and support any politician no matter how disgusting he or she is - to fight this transition and muddy the media waters with half truths and downright lies and fear mongering in order to save their own business, while pretending they are all happy to go green.
    3
  31342. 100% agree about learning and can’t learn enough
    3
  31343. How lovely. Single folks with no children get squat once again.
    3
  31344. Heres an idea for your video making.. look for short term rental investment properties for those of us who want a vacation property part time but want income as well.
    3
  31345. Michael Your going to go broke visiting the blueish state in the nation. It is what happens when far left takes control. Come back to Florida. Our governor misses you. But I have found in doing business in Miami too laid back, being from Boston area for most of my life. Fast funny story...went to a party in Beverly Hills years ago. I spent forever in the residential bathroom turning on switches...most amazing bathroom Ever! But they served chicken necks!!!!
    3
  31346. Nothing is being done about the unaffordable housing because investors are profiting. Politicians do what Wall Street pays them to and I’m certain this was all planned.
    3
  31347. Thank you, I had no idea most of these scams existed.
    3
  31348. You and your wife are amazing and I so much appreciate your videos and your responses. Is there any way that I could email you personally on a real estate matter?
    3
  31349.  @MichaelBordenaro  thanks so much! I will do that
    3
  31350. I work for a large retailer we are told to customer service them out the door they walk not run out look the other way
    3
  31351. Great video, I agree with your assessment! I hope to move to the Tampa Bay area in the summer of 2023, it's anyone's guess what we will be facing a year out from now. I applaud you for your honesty, although that may not get you a real estate deal at the moment!
    3
  31352. If you dont want to buy now in Venice, but want to capitalize on the capital gain in your property...why not sell, take the gain (put in a now high paying interest account) and rent while you wait? The interest on the capital would offset the rent while you wait..
    3
  31353. As women get older they're the first ones to fly the coop get more independent instead of still living at the nest having mama with the Apron Strings tied to them
    3
  31354.  @MichaelBordenaro  warm and dry. Believe me, the humidity makes everything feel worse. It was 89 here today and that's actually "hot" to the natives here when I used to live in Miami and had to suffer through endless months of 90+ weather with 100% humidity.
    3
  31355. Your suggestion promoting small or tiny homes are necessary because more people want a cheaper home and need land and zoning to allow it omits the fact the political system led by Democrats is creating a unworkable and unsustainable economy and society. Inhabitants of small homes want safe streets and stable currency like everyone else.
    3
  31356. Would u please plant me a coconut on the beach? I was in Florida in February and I didn’t do that. 😓 I know it’s a weird asking...😁
    3
  31357. Enjoyed seeing homes in this price range. Great job. I would like to hear taxes-typical home owner insurance on these homes.
    3
  31358. THANKS MICHAEL.. REALLY ENJOY YOUR CHANNEL. 👍
    3
  31359. Am missing Florida terrible. We have 2 homes side by side in Daytona, on a culdesac right before Mason st. bridge,on the Halifax. My understanding is that most of Daytona is considered hood,except for the beach. I'll take that good anyday. I'd love to see some good and bad about Daytona. I spend summers through Nov. in Vermont and would much rather be on Mcarthur ct. catching the breeze off the ocean and Halifax. Cost of living is half of what it is here in vt. Do some Daytona videos please. Thank you! and the fishing is great.
    3
  31360. You have HOA in houses as well if the area is good
    3
  31361. Yes, I hear and agree everyone here about those Miami and California are greats. San Diego is a little bit calm. San Diego along their beach coastal nice. I also like L.A. coastal area. For me, I was glad I could go two both of those cool California cities. Then comparing those great cities in Miami. Haha. What I can say for me is that the really coastal line all the time summer weather cities bet us a little bit here in Chicago. Hahaha. I do family in LA and more friends in LA. For me it is hard to say which of the coastal cities would be better. Too hard for me to select one over the other.
    3
  31362. Life is so good along the coastal states. You live in a great beautiful coastal city.
    3
  31363. I think that carrying costs are going to start to become a much bigger deal with interest rate increases cooling the demand side of the market and making flipping a slower and less reliably profitable endeavor.
    3
  31364. Mike, what brand of sun glasses are you wearing, asking for a friend
    3
  31365. And hurricane deductibles are expensive.
    3
  31366. Michael Bordenaro I appreciate you and your video you share to me, sorry if I misjudged you. I believe I know what I need to do. I’ll be following up with you. I gonna explore Florida next month for two weeks it two years since I have been, I really don’t know I’m thinking Orlando or close to it, or close to Jacksonville but not in the city because I know how hard and ruff life is in that city, Miami I know it’s expensive, me and friends go hostels than hotels because, I only book a hotel once there because I lucky with the price, Fort Lauderdale not sure but will cool to be close Hollywood Beach, Tampa and some parts of the west coast of Florida seems cheap but I got to keep looking though.
    3
  31367.  @MichaelBordenaro  Thank you again at less the aviation and hotel industry are great down there and I have worked and have experience on both maybe it will be a big advantage or a little.
    3
  31368. Enjoy every minute with your dad. I lost mine in 2018. I would give anything to spend an afternoon with him on the lake again.................
    3
  31369. Sell! Sell! Sell! Get out now while you can
    3
  31370. Is there an area you recommend that’s not too far but single family homes with good schools and a good place for families?
    3
  31371.  @MichaelBordenaro  from where you filmed. I want to be able to drive there in about 30 minutes but want to live in a more suburban single family home area. The idea is to get to south beach in no more than 30 minutes but to live in a more suburban family type community
    3
  31372.  @MichaelBordenaro  thank you so much dude. Stay safe
    3
  31373.  @MichaelBordenaro  dude and I found your Bay Harbor video today. You are the bomb. It is gorgeous out there. It is literally exactly what I’m looking for. Too bad it’s too expensive 😂
    3
  31374. Can I ask you a question, Would it be too unreasonable to offer $600k for a house listed in Orlando for $679k?
    3
  31375. I just recently moved to Las Vegas from Europe. Now I am thinking of moving to Florida. What places are the least affected by hurricanes? What places are to avoid? How safe is it to live in a house (I am shocked how high the crime rate is here in the US)? If you have a house, will you have snakes in the house (I am terrified of snakes)?
    3
  31376. Wendy's has value meals everyday. I use to go couple times a week. Now once a week.
    3
  31377. Hey Bordenaro! Fuggetaboutit🤌
    3
  31378. thanks Michael 👍😉
    3
  31379. Moody’s Cuts Outlook for U.S. Banking System to Negative 1 Santa Clara Police officers exit Silicon Valley Bank in Santa Clara, Calif., Friday, March 10, 2023. The Federal Deposit Insurance Corporation is seizing the assets of Silicon Valley Bank, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The FDIC ordered the closure …AP Photo/Jeff Chiu JOHN CARNEY14 Mar 20230 2:09 Moody’s Investors Service cut its outlook for the U.S. banking system to negative from stable and placed six U.S. banks on review for potential credit rating downgrades.
    3
  31380. Thank you.
    3
  31381. Just curious what the Tallahassee market is like?
    3
  31382. If you want to get out of harm’s way during a hurricane, then you should simply drive to Orlando. Orlando is pretty safe because it’s not near the Atlantic Ocean or the Gulf of Mexico.
    3
  31383. 10:54 What is that yellow building at the end of the pier - a restaurant, bait shop?
    3
  31384. restaurant
    3
  31385. Good advice!
    3
  31386. I would not want a revolving ABB or rental property next to my house or on my street. Loud parties or constant moving and renting properties. Can be problems in the long run.
    3
  31387. Yeah, grandpa is in great shape. Michael looks a bit like him. Maybe it's the beard.
    3
  31388. Would you ever do paid consult re: if I can put my tinyhome in our front or backyard and if the specs would work for this area?
    3
  31389. Great job you nailed it again, Steve from greater BOSTON,
    3
  31390. Apparently “ DR Horton” is another shoddy builder. They are in different states such as Louisiana, Tennessee and California. It’s amazing they can continue to stay in business.
    3
  31391. Great video I work in the mortgage servicing industry. This is so informative Michael, keep it up.
    3
  31392. Thank you Michael for always replying. Great videos. You are very appreciated. I love watching.
    3
  31393. I didn’t realize that you had another You Tube channel. I will check it out!
    3
  31394. I don’t feel sorry for a millennial’s decision to go in to debt with student loans. There’s a lot of other ways to pay for college. Most never use it.
    3
  31395.  @fionasunkissed  yeah I'm really not complaining, just got caught off guard 🤣
    3
  31396. Also, it's kinda under the radar still but you can legally get your "smoke" on in FL if that's your thing because of some recent federal laws that got passed. I don't advocate / partake myself but I think alcohol is way worse if you're going to indulge in anything.
    3
  31397. Check out the next video, but maybe not the one that tells you why you shouldn't buy Miami real estate. ;-)
    3
  31398. This current insurance scam is absolutely ridiculous. I did notice that when you did your video in the Mall, I didn’t see any vacant stores so I assume that the economy is still doing well down there. Thank you Michael. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  31399. Such a great video. If you are young and watching this video and reading this right now, make the move. You won't regret it. I moved to San Diego from South Florida when I was 28 with only $3,000 I had saved while crashing at my mom's place to save on rent for a few months. It was enough to get me through the summer before I was able to find a job at the last minute which allowed me to stay there for years before I met my future wife and we moved once again to Washington DC to experience something new and different. We enjoyed that new life for a few years before we decided to move back to South Florida to settle down near family to start a family. I am so grateful I took the jump all of those times. Those are experiences that build your character and if you don't take the jump, all you will have is regret. As Michael said, if you are young, with a support system that would allow you to jump back and stay with family as you get yourself back on your feet, you have nothing to lose. You will only gain memories and experience you could never get any other way. Now 11 years later, I am settled down with my wife who I met in San Diego 10 years ago and our 2 young children. We still have that adventurous spirit, but we know we can't just pick up and move like we used to as our priorities and responsibilities are now different. But we are forever grateful we took the leap back when we were younger and carefree. Those experiences will stay with us the rest of our lives.
    3
  31400. You’re welcome!
    3
  31401. Foreign investor are a minority, this happened in CA and NY for years, and at one point the market collapse regardless. , Miami is no exemption. If people in real estate think that they are going to survive with only foreign investor good luck with that one. Shows ignorance of the market and real estate business. As an example a Sotheby's agent was driving in front of one of my properties in Miami shores asking me if I was interested in selling. I told him I have 4 more properties for sale in Miami, but had a broker/agent already, but still tried to convince me. Also told me the market is very good here, which I know for a fact is no longer the case. I really do not like people that lie about the business they are in, honesty goes far with me, I really do not want to hear garbage.
    3
  31402. Not in Florida but i had a similar situation. Grew up on the outskirts of Detroit and have always dreamed of living somewhere with palm trees. California was my choice. I moved out on a limb as soon as I had a good savings going and moved out to Santa Barbara. In the year I have lived here so far I have made a few friends of my own and have been a lot more social. I go outside a ton and lost 90 pounds! Taking this leap really helped my mental state for sure. Glad to hear there are people that went through a similar situation. It's super motivating!
    3
  31403. 580 is no where near what they were doing in the sub prime loans. I worked for Ameriquest back in the day when I was young. We went down to 500 credit score and they did stated loans at 620. Basically they could make up there income for self employed people. The whole mess exploded when the rules changed. The loan officer was no longer allowed to talk with or influence the home appraiser in any way. When I started we were friends with the appraiser. They would know what number we were looking for to make the loan work. After the rule change they had no idea and only went with the gut feelings and comps. That alone made it much harder to close loans and get people approved for loans causing the whole mess
    3
  31404.  @MichaelBordenaro  ok thank you 😊
    3
  31405. 👍🏻👍🏻👍🏻👍🏻thank you
    3
  31406. I would like to see more videos on this if you have more than this one. answered a lot of my questions.
    3
  31407. Hey Michael! Do not even mention California and Florida in the same breath. LOL I was there from 90-92 and when I left I said happiness was California in my rear view mirror.
    3
  31408. The only safe way to do it is to rent with the intent to rent with a government subsidy. Section 8 payments will be guaranteed by the government for a year. The moratoriums do not affect subsidized tenants because in most cases the tenants portion will be small.
    3
  31409. 🎉🎉🎉 Keep on keeping on my friend. Thank you for another awesome video today. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    3
  31410. Hi Michael, thank you for your videos. I love them! How do I know if my local market is going to go down? I am in Nashville, TN.
    3
  31411. Michael, the 10 year bonds had been falling, however they have gone back up the last 4 days. I expect the bond yields to go back over 4.0% very soon. It's a bigger picture than just rates. Unemployment is heading up and the economy is on life support.
    3
  31412. No thanks. I'll keep my 3300 sq ft 5 bedroom 4 bath house for $1,073 a month.
    3
  31413. Thanks! Planning to relocate to Florida. Great video!
    3
  31414. 👍🏻
    3
  31415. At this time do not care about cheap, just don't want to get the virus!
    3
  31416. Become a dividend investor and you won’t worry about your balance, the income is steady and keeps coming. I’m retired, and have no worries using this simple method.
    3
  31417. OMG I remember using paper maps back in the day. Pulling over the side of the road to see where I was going and how I got lost lol. And great point about information. Back then there wasn't enough, now you have to sift through it all to see what's useful. Great vlog GQ!:)
    3
  31418. Excellent video today.
    3
  31419. Rain in Florida, isn’t that like an everyday occurrence. Ha Ha just kidding. No golf carts out in the rain 🌧 that would have been funny 😁
    3
  31420.  @MichaelBordenaro  And yet you hear of a shortage still. Lol. What is even more comical is that they have built more than 50 New 4 story Luxery apartments, wooden termite/mold/mildew/fire traps, here in the recent years and they continue to build these off a cliff in our area. Lol. Manatee/sarasota. All these will need Refi at double/triple the rate, Insurance skyrocketing, maintenance costs way up at the same time RENTS will be going down or tanking. Lol.
    3
  31421. At least drive through skid row and Compton.
    3
  31422. CALIFORNIA IS IN SERIOUS FINANCIAL TROUBLE.... (SO SAD ).
    3
  31423. I moved to Orlando from NY to attend UCF last August and I've gotten used to the heat rapidly. Now 70 feels cold and a heat index of 90-95 feels perfectly fine. I'm so bummed because it's only 61 now, yet I'm going back home to NY where mid-late April temps are between 60-70.
    3
  31424. Michael, this is incredible! Please keep making videos like this! You're inspiring me to do whatever it takes to get there.
    3
  31425. 48:19 No, no Ocean Drive... been done a zillion times. Let's see Pennsylvania, Euclid, Meridian, Jefferson, Michigan, Lenox, Alton, West, Bay, and all the criss-crosses in between :D
    3
  31426. Michael ,home prices are rising because the municipalities are broke ,and by raising home values, they can get more money out of you and say we didn't raise your taxes, your home value went up , what a scam
    3
  31427. Mike, this was beautifully done, it's not off topic at all. This video made my day by looking at the greenery. I'm moving to Miami from Denver.
    3
  31428. The data tells the real story. The most grown adults living with their parents since the great depression. Blocks and blocks of homeless and tent cities in almost all major cities. We are in the second great depression, Hoovervilles and all. The average young man or women does not have a chance anymore.
    3
  31429. Yes they are selling despite of whatever is going on now
    3
  31430. I am planning on moving there and I have a question. Do I strictly have to speak Spanish to make it around Miami Beach? I know in the rest of Miami you have to. But is it different in Miami Beach?
    3
  31431.  @MichaelBordenaro  Do you speak any Spanish tho???
    3
  31432.  @MichaelBordenaro  Well, you've now officially convinced me! Maybe I'll see ya around bro!
    3
  31433. Fed should be abolished. Unnecessary and political. Per Milton Friedman. Govt intervention ALWAYS makes things worse.
    3
  31434. Still amazes me the cost of waterfront homes here compared to what it costs in San Diego. So much more affordable!
    3
  31435. Money loves money; marrying into their own class; making efforts to keep the class gap big and hard to jump. Old money rules.
    3
  31436. Hi Michael, how do I find rental for condos on the beach that are not vacation rentals I was looking at the clearwater area
    3
  31437. Thanks I Will be moving there alone so trying to figure things out
    3
  31438. Hi Michael, thanks for sharing, great views and fun facts re: Movie and all 😊 also great advice regarding renting versus buying such a place..... most places, it seems smarter to buy but certainly not this one!! Quick question- my Daughter just turned 20yo and wants to know if they have a “1st time home buyers program” in Florida, where they provide assistance with down payments or anything? I forget but I thought it used to be $8000 that they would give you to put towards your down payment or something, not sure. Thank you for any advice! Appreciated 😁
    3
  31439. I'm looking at Hallandale Beach, Hollywood, and Aventura, because of its proximity to Miami's action, ok home prices, and the vibrant Jewish community. (synagogues, restaurants, schools, and parties) I also feel like it's on the rise, because there is a ton of development anywhere between Hollywood and fortluderdale.
    3
  31440. Hi, Thank you for the reply. can I give you a call like next week? I want to move the Florida and start the real estate acquisitions business. In order to raise the capital to do that, I want to do spend a few years doing either fix and flip or Airbnb. but either way the goal is to slowly transition to purchasing the homes. I thought you might have some valuable information that could help in my decision making, and maybe I can pick up a lease or purchase through you. Nice guitar in the background. I was surprised that Graham recently set up a drum set in his background. I wonder if he even knows how to play. Drums is my life and seeing musical instruments on display on the channel that has nothing to do with music makes me quite happy. It says musical instruments are business-classic and cool.
    3
  31441. Have a beautiful, lovely, and wonderful Happy Birthday 🎂 🥳 🎉 🎈 🎁
    3
  31442. I'm all for financial responsibility but I do see some hypocrisy in all of you Austrian/strict market economics guys. This isn't the government pushing the Wells Fargo program that I know if. It's coming from them a private company. And they're doing it in response to the private market. Part of the reason we're in the mess we're in is these private companies buying up all the houses. And that's what unregulated markets to. Concentrate the wealth at the top through collusion and monopolies. We saw that in the early 1900s. So when companies are forced to make a program to get everyone else participating in the market don't use the strict capitalism/unregulated markets argument. This is capitalism in response to the unregulated makers, not government intervention this time.
    3
  31443. That is a scary pic in the background
    3
  31444. That dual rectifier looks sweet
    3
  31445.  @MichaelBordenaro  Glad I could help ! Also check out the interview Anthony Pompliano does with Micheal Saylor, or any interview on youtube with Saylor, extremely insightful.
    3
  31446.  @MichaelBordenaro  yes absolutely buy a ledger nano asap! Websites(exchanges) can be hacked. If you plan to HODL and not trade that coin you need to put it in offline storage for safety!! At a minimum download the Coinbase Wallet app to make it a bit safer until the ledger arrives! I only keep 2 to 6hundred on the exchange for small trades.
    3
  31447. I just flew back to Maryland from Florida. I stayed in Orlando for a few days but drove up to St. Augustine, to Lakeland, Tampa, Sarasota and did lots of things. I enjoyed swimming at Siesta Key Beach in Sarasota. I plan to move to The Sunshine State in about 2 1/2 years from now and stay for at least three years. It’s a state where I always feel relaxed and I always feel like I’m on vacation with the beautiful palm trees all over and the blue/green waters everywhere. 😃🌴🌞🇺🇸
    3
  31448. What’s your e-mail? I have few questions
    3
  31449. This is so devastating. Please be safe.
    3
  31450. What boosts your credit score, is paying off the balance before the billing end date, so a $0 balance is reported to the credit bureaus
    3
  31451. If that hurricane hit Florida 😰😰
    3
  31452. Nice garage comes with the $1.25 MM never-ending listing. Oh...never mind.
    3
  31453. Thank youuuuu so much Monica!!!!🙏🩷😘🌷
    3
  31454. I’m strongly considering moving to Miami relatively soon. Do you recommend working with a realtor? If so, how do I find one?
    3
  31455. Its not just Florida the area I live in NC has seen increased median prices to 500-600K where just few years ago it was half that!
    3
  31456. Love Breakenridege Use to ski there alot! So miss it! Best Time is Christmas Been there many times with falling snow an Christmas Every Beautiful!!! Love my Florida an Boating now... Enjoy
    3
  31457. 1. HOUSING! Florida wins. Who wants to rent their entire life? 2. You clearly haven't been all over Cali because the language "issue" would have come up. 1/3 of america speaks fluent spanish, catch up. 3. If it's Cali vs Florida, keep it like that. Otherwise, make it LA vs Miami.
    3
  31458. Mike: The first house for rent? Crap property managers.
    3
  31459. Great video Michael....How far away is the Beach from this area?
    3
  31460. Mayor of Miami, Michael Bordenaro 9:35
    3
  31461. The new style videos are Great....it's a Winner, Michael !!....Thank you...
    3
  31462. It sounds like how banks are treating investments. If they have a low ESG score they don’t buy that investment. I guess the mortgage industry is doing this to customers now so if you don’t meet their criteria than you get no loan. Sad but no surprise in this day and age. Now the electric cars situation. Can you imagine in Florida what would happen if a hurricane was coming and everyone had to evacuate? Your stuck in traffic burning your little battery supply up and you run out. Who is going to charge thousands of cars stuck on the highway?
    3
  31463.  @MichaelBordenaro  thank you man! I’ve been living in Estero actually and I was very surprised bout the house when I’ve seen it! So I just bought it haha
    3
  31464. Need to organize a strike.
    3
  31465. Inflation seems to be the first piece of domino begin to fall. The Intel, Metaverse (Facebook), and Twitter announce layoffs in number of thousands per company. There might be more large/mid/small companies from different sectors will announce later. Once these people just got laid off, they will immediate cut/stop spending. The restaurants and salons will suffer, this will go on for a while until the unemployment hits the blue sky, then the interest rate would fall back down.
    3
  31466. I can maybe start making plans to move in 6 months to Florida because of renting prices are dropping 🙏Thank you Michael 👍🏻
    3
  31467. if I lose this job, can I make the house payment for the next 25 years. ummm, no. kind of a silly point.
    3
  31468. ...."you MUST buy NOW!!!! (because we are losing BIG time-PLEASE buy!@#?*) If you DON'T, you will...will...NOT gain money!" Makes total sense. 😂 Joke.
    3
  31469. I am from NY and moving to Florida because of your governor. I cant wait to be a Floridian bc of that man !! I am nurse who got a job at the MAYO clinic because I didnt want to get the booster. I feel that the people moving down to your state have the same feelings. We are on your side : ))
    3
  31470. Hey Michael! Been watching the channel for a while now since I'll be moving to St. Petersburg next year. I love this kind of YouTube analytics talk since my channel is currently growing very fast and I'd love to connect with you and share ideas once I'm down there in Florida if you're ever up for it! The content I make is quite a bit different lol but I'm starting a second channel soon similar to what you do just about lifestyle and vlogging my move there, etc.
    3
  31471.  @MichaelBordenaro  sweet! I won't be moving there until October next year but we'll definitely keep in touch 👍🏽 excited to see what videos you make
    3
  31472. What you may not realize about such exclusive neighborhoods is that neighbors can be at war at each other over the noise that their landscapers make. Fortunately, we have rules about leafblowers and the like that curtails the noise. The other noise issue in exclusive neighborhoods is from the constant renovations. My solution was to soundproof my home, which added at least $100K to my renovation 15 years ago.
    3
  31473. Excellent advice!! Thanks!
    3
  31474. Happy Late Birthday and congratulations on 1000 subscribers! I have a phone interview for a career in West Palm Beach and your videos have helped me immensely. I'm excited to move my little family to Florida and spend more time outdoors!
    3
  31475. So what’s going to happen to rent is is that rents are going to crash like you almost did. Lol perfect timing. Jk
    3
  31476. New subscriber here, Michael. Do you have a shortlist of best places for young families? Would love to hear your top 4-5. Thank you!
    3
  31477. Loved it ❤️ .. beautifully done ✅
    3
  31478.  @MichaelBordenaro  to you too sir 🙏👍🏻. See you on the other side 😀
    3
  31479. Could you make a video talking about the coolest & least humid locations to live in Florida? 🙏💙
    3
  31480. I watch a guy that lives in Tokyo, Japan ahd he does live stream walk and talk videos mostly like this. His are often an hour to 3 hour walks. So the vides can become 3 hours long. So I would not worry about breaking your videos up there are people all over the world who enjoy walk and talk videos. Somedays you don't feel like talking silent videos do well too. Miami is full of very nice looking visuals and eye candy. This video is great by the way. There was a point in my life when I was between homes I stayed at the Hostel down here for about 4 months before I went back to Connecticut when I found a place to live. I want to return one day an live around here. The story of a homeless artist buying a home would be a nice way to retire.
    3
  31481. I live in Miami Beach and almost never go to the actual beach.
    3
  31482. Nice very nice
    3
  31483. i love this idea man...i would of added maybe either a 1 to 10 rating or rate it a b c d or f.....oh and i vote daytona beach as a future beach!
    3
  31484. They are removing the old wooden boardwalk. That was pretty good. I loved it but the new one is better for skaters, bikers...
    3
  31485. Michael, thank you for answering the questions I have had. But I have one more. How can I tell from Zillow or any other realtor website if the home has a CDD fee? I understand that HOA is pretty common and I’m OK with that, but not CDD. The new homes that I strongly considered are new and are in Fernandina Beach and St. Augustine. But when I look at these homes in Zillow, there is no mention of a CDD fee. Thank you!
    3
  31486. Good morning Michael. Good informative video. You MUST go to Siesta Key! This beach is beautiful. The sand is like icing sugar or flour and so white. Just avoid the times of the red tide, though.
    3
  31487. I am hoping to relocate to Marathon Florida before winter 🥶 I love the beach 🏖 and pool
    3
  31488. As a Canadian, Florida’s beaches are waaaaayy better. Go Florida
    3
  31489. Great video as always Michael!! Could you possibly do a series where you do driving tours around different neighborhoods and areas in Miami/Miami Beach?
    3
  31490. A lot of those people that buy them cars have a shit house and that’s all they spend their money on and they don’t care it’s 10 or 20% over, they just look at the payments
    3
  31491. Yes please share the crazy listings
    3
  31492. Hey Michael, do you play the lottery? Ngl I'm tempted lol
    3
  31493. Haha $5 a hour to park , in Boston we pay from 15 to 34 for a night out
    3
  31494. There overvalued because the dollar continues to lose purchasing power
    3
  31495. Changing our retirement age to 67 plus is theft they started taking my money 60 years ago and the agreement was till 60 they owe me money
    3
  31496. 4th of July consequences
    3
  31497. I’m planning on moving to south east Florida in about 4 years from Indiana with couple other family members we’ve already been down to area I think we all know that’s why you do lot of research and once you find the area meet and greet some of the neighbors that the neighborhood your going to move in
    3
  31498. Is there much difference between condo, 55 and over condo, and assisted living?
    3
  31499. I have a lot of social anxiety... meeting new people is my main concern
    3
  31500. Michael, don’t forget leaf blowers
    3
  31501. Hi, Michael! I saw in another video you that mentioned that North Beach has some tech startups. You see this continuing or are the better tech jobs near Brickell? Tech growing in Miami? (Good paying tech jobs, of course.)
    3
  31502. I have mirrored sunglasses but feedback I got was they didn't want to look at themselves l0l
    3
  31503. So glad you made this video, Michael! That is a little cool for me, though the air temperature is often like that here in San Diego. (Lately, it’s been in the low 60’s). People say that water temperature (73 or so) here is warm, but it’s still too cold for me. Growing up near Florida, I prefer my water temperature in the mid to high 80’s. Glad you were able to enjoy a nice beach day!
    3
  31504. How can anyone afford it ?
    3
  31505. Interesting assessment, I'm from la and have lived In both the bay and socal and I can tell you for sure the people in la are the most unintelligent selfish most insufferable people you'll meet anywhere I found the bay to be more chill especially outside of SF. The friendliness you find in la is not real these people will leave you dying in the street won't think twice of helping you
    3
  31506. So true. So inspirational, so motivational. I totally resonate with what you shared!
    3
  31507. Michael, yesterday I saw 2.99 a gallon in FTL.
    3
  31508. Wow $550 seems really high.. I played golf in hidden hills Jacksonville and I was amazed by the low prices for mansion type houses in the mid $500k.. these were beautiful houses with swimming pools and tranquil scenery..
    3
  31509. Oh you're missing out if you don't go to st. Pete! Sounds like a great adventure good luck👍🏼😎
    3
  31510. Do not buy until 2023 QT 2 or 3 price cuts up to 70 to 80 % save you money
    3
  31511. Thanks Michael.
    3
  31512. I like your idea about the pipeline! Seems like it could be done. Politics and money…always an issue!
    3
  31513. Just beautiful <3 thanks for sharing.
    3
  31514. First
    3
  31515. I know local governments must love that revenue stream from various types of taxes, but I'm surprised more aren't freaked out about the US losing its land to foreigners. There's no law that requires them to use the property. Imagine a scenario where other countries may own large swaths of US land...it should worry everyone IMO. Our land is the country.
    3
  31516. I have no idea how people allowed thing to get so out of whack . It really is the blind leading the blind . People can be so dumb .
    3
  31517. Food is still high. Utilities are still high. The basic needs are still high. Housing is not going to be what you think.
    3
  31518.  @MichaelBordenaro  I Just would like to share with you that whenever you give a reply to your Subscribers like me it really makes me a huge difference in the way I feel like I’m involved with your channel and just makes me feel good. So Thank you Sir.
    3
  31519. I’ve heard home insurance rates are high and to avoid “flood zones” any truth to that? Trying to escape California and make a decision between TX & FL to move to
    3
  31520. Wait until you get to SF and have to pay $50/day for parking in an unsecured lot and your car gets vandalized
    3
  31521. A lot of beautiful footage in this video and I love the editing you did! Fun times. 😎
    3
  31522. Thank you for all the that you do
    3
  31523. High opinion of this channel! Keep it up, Michael.
    3
  31524. We have the same issue in SF with the cars near the beach. Mopar parts are from FCA (fiat Chrysler Alliance. You can get aftermarket parts like powerstock that rotors come Zinc coated. ATE usually manufacturer’s for all makes from BMW to Chevrolet (GM). My Camaro is a 1990 and is stored 1 mile from the beach in crappy garage but no rust the past seven years 🙂 so far lol
    3
  31525. Menifrsting your prosperity and fortune. Cool collection. My collection is stocks and real estate property. ☺️
    3
  31526. Thanks to both of you for another excellent review, I’ve asked a few times for a boat trip thanks. I’ve learned so much about your incredible country through your channel. Thanks and Best Regards to both of you.
    3
  31527. 🤯 wowwwww
    3
  31528. Looking at high rise buildings. What are your top 5 places where there are nice high rise buildings? Thanks for the insight
    3
  31529. Thank you for the quick response and I’ll be sure to check em all out. Love the vid keep it up
    3
  31530. The irony! Women in the 60s being interviewed, questioned about new credit technology. When educated, in debt, college people scream that women were in oppressing times, had no voice or education. Yet, the women from 60s where asked and interviewed their opinion on the mater and made such a educated guess on the matter.
    3
  31531. Foolish taxpayers the Fed lays a trap every 10 years to fleece the middle class while the section 8 folks eat crab leg food stamps
    3
  31532. Yes you are correct, the food is not so good in restaurants. In california the food is much better
    3
  31533. You are soo rite about the insurances. I thought I was going to save on auto insurance boy was I surprised. Now I have to call my home insurance company to confirm if I have wind or flood insurance. I think flood might only come from the government. Your hair has always been in place on here even at the beach. lol
    3
  31534. Hi! Where should we look for places if we want to stay in Miami Beach or Hollywood beach for 2-3 months? We are planning to visit in mid February for 2-3 months and we are 7 adults and 1 small 2 year old kid. Can u tell us any idea? Thanks
    3
  31535.  @MichaelBordenaro  if you have any particular offer. Tell me! Thanks
    3
  31536. I just moved to Florida about 4 months before Irma, lived on Merritt Island which had a mandatory evacuation order. I had no intention of evacuating. Spoke to someone at the company in NY I worked for remotely. She had relatives trying to head north. They described the highway rest areas as tent cities. Too much can go wrong and I am glad I decided to stay. Just 20 hours without power and 40 hours without water then life returned to normal...
    3
  31537. Inflation is coming down - and we’re in a deflationary cycle.
    3
  31538. What park is that you are walking in at the 4:00 mark? Also kinda curious, why did you choose Miami Beach over like Fort Lauderdale or those other cities?
    3
  31539.  @MichaelBordenaro  oh cool, that’s right I think I remember you talking about that. Well hey it worked out well for you!!
    3
  31540. Dropping bombs! I love it - great channel
    3
  31541. After 5 years, we left for these reasons, in no particular order: 1. Heat/humidity/bugs - Summer months just too brutal - just as bad as the coldest winters in NYC - needed to find a happy medium. 2. Salaries - Too low, too many companies don't offer health benefits, or any vacation time during the first year. No work/life balance. 3. Crime - Definitely a "have vs. have not" mentality. We were robbed when "thugs" from Lantana and Lake Worth came into affluent areas like Ocean Ridge and even down into Boca, and "burgled" people's homes! The problem with the affluent areas of FL, is that you don't have to go too far to find nearby "bad pockets." 4. Topography - No hills, no mountains, no valleys. Just flat heat, day in, day out. It felt like "Groundhog's Day" after awhile.
    3
  31542. I would love doing that too but the water temperature here is about 60° F ^^
    3
  31543. Hello dad🎉😅
    3
  31544. Michael Bordenaro thanks! I hope someday I can visit Miami too! But I just wanna get in Florida and situated ASAP lol and the joys of transferring the plates etc.
    3
  31545. Looks so peaceful
    3
  31546. Hi Michael, thanks for all the thoughtful opines and insides we've come to enjoy. I must say I've noticed though you periodically sneak your 'solution' is people should 'make more money!' I'm sorry, but that's a bit like suggesting if you feed a bear more food, it will keep it from bothering your campsite. 'Making more money', ironically, is in fact the philosophy that self perpetuates itself and requires things to cost MORE. The real key is spending/consuming LESS, and refusing to buckle under to overpriced marketing. Not popular, but definitely a self correcting economy ... let the greedy fail
    3
  31547. thanks for the video. And I thought it was just me who felt this way 😁
    3
  31548. I think one of the reasons insurance companies are in trouble is partly their own fault too because for so many years they were basically giving people brand new roofs for their deductible. Even if your roof was 20 or 30 years old all you paid was the deductible when it should've been prorated according to how old your roof is. So now because of their mistakes they won't insure someone who's roof is over 10yrs old unless they replace it first! I think it's ridiculous that we are punished and have to pay for their mistake for so many years and I'm tired of paying for the decisions the government makes as well!
    3
  31549. Omg that’s what I’ve been talking to my husband and family. It’s crazy how many people are moving here too crowed
    3
  31550. Had to move out of my primary in SW FL and rented it to a very nice family. I have a pretty low cost basis, so I’ve been able to keep their rent low for the past 4 years. This year things have gotten so out of hand (taxes, insurance etc), I had to raise them really aggressively, pretty sure they weren’t very happy about it. I also rent because where I am (NE FL) isn’t permanent and I got shellacked at renewal myself. Big wheel go round I guess. What can you do? Tried looking for a house, people are nuts so I’m out til next year.
    3
  31551. I've been in real estate 20 years - brokerage and development. Love this channel.
    3
  31552. Nice neighborhood
    3
  31553. ❤️
    3
  31554. Is there a Slavic community anywhere in Florida?
    3
  31555. Do you see groups of people pool their money to buy these multi-million dollar homes? Some have six bedrooms and lots of space.
    3
  31556. Real person
    3
  31557. SATURDAY GREETINGS MICHAEL. 😀👍🌴
    3
  31558. Looks like Haulover cut @ 10:08 Man I got hurt on the way out back in the early 90's.Everyone on the boat got hurt but no serious injuries. Some wicked waves there, I thought the boat was going to break in two.
    3
  31559. NAR is Fake news. 50% of the US households earn less the $50,000 a year. That's 70 million families. Inflation hits these folks the most.
    3
  31560. Don't jinx it guys! :P Back in 2008 the houses were sub-80 grand! Wish they valued like those days! :))
    3
  31561. so its basically just like any other place in usa except no income tax.
    3
  31562.  @MichaelBordenaro  Good Advice to tell your viewers because hurricane are dangerous. You wouldn't have to tell me the first time, I'll be gone days before it happens.
    3
  31563. I live here and I still watch these :) I love the narration and no annoying music in the backrest.
    3
  31564. I’m really in need of some advice. I’m 36 with first baby on the way. Husband and I got locked in to a mortgage approval before it went up twice recently. It expires the end of June. We can’t afford anything where we live that’s isn’t just as small as our rental right now. We are thinking of moving out of our province to get buy a large home. We can afford to buy one here where we live for $400000 but it’s a very small place that’s looks like shack and really!! crappy. Or we can buy a large home that’s really nice and big for the same $400000 but it’s in another province and away from family and friends. We are scared with the “you will own nothing and be happy” agenda. Not sure if we should buy a home now with our lower interest rate for mortgage approval. But our place is super small and we don’t want to raise our kid in such a small space. Would you buy now? Or wait till a crash? . If we wait and our interest rate goes up we won’t be able to afford a $400000 home. Have been praying for a housing crash but with higher Interest rates will it be affordable ? We’re scared with our low interest rate we’re locked in that this may be our last chance to buy a home, but we really don’t want to move but we would in order to be a home owner.Thank you for your time
    3
  31565. Noo way Mikey. You betta talk don't make me walk down those streets solo lol we need the voice it makes us feel lile where right there next too you lmao✌😄
    3
  31566. Washington refuses to balance the budget..or to stop printing money...that's the heart of the problem...if they would stop doing those two things the financial system could start to heal...if they don't and this might have already happened ..they will pass the point of no return and the whole system will collapse...it's not my opinion it's just the cold hard facts..
    3
  31567. I'm in Brevard county, not sure if I should be worried about shutters or not? Sitting at 10 mph winds now.
    3
  31568. It’s like you created the perfect channel for me to watch as I prepare myself for Miami. Living in Orange County is nice and yes it’s sunny like 95% of the time but I just don’t like the arid dry heat. I’m what you call an orchid, I need humidity to thrive. It may sound crazy to sone but being a native east coaster with humid summers it’s just something I’m used to and look forward to every year especially after the brutal winters. I’ve been out here going on 3 years come June of 2021 and watching this video is making me want to swap and trade places with you and your gf with me and my bf lol 😂
    3
  31569.  @MichaelBordenaro  yes summers can be a bit brutal in Florida which is why I would try and split that time further north like back in Philly/Delaware where most of my family reside just to get a little relief. But for the most part Miami is my go to place to set roots due to its close proximity to the Caribbean islands and countries in South America I plan to visit. And of course it doesn’t hurt that the city is a melting pot of cultural diversity. ☺️
    3
  31570. Really great Michael. How much did it cost ?
    3
  31571. Good video!!
    3
  31572. Federal spending and the federal reserve destroyed this country
    3
  31573. Inventory will continue to increase monthly. Excessive supply and decreased buyer demand due to rate affordability will ignite a seller war of pricing decreases. Opposite of buyer bidding wars. Just a matter of time.
    3
  31574. Your videos have become my nightly routine. Need you to start putting out two a day from here on out lol.
    3
  31575. Great footage Michael! Looks like you both had a fantastic time!!! 😎🌴
    3
  31576.  @MichaelBordenaro  Omg that’s a loooong way but safe travels!!!
    3
  31577.  @MichaelBordenaro  also, don’t be hatin’ on reggaeton. 🤣
    3
  31578.  @MichaelBordenaro  lmfaooooo, whatever, this Metal head can get down with some Reggaeton! LOL 😂😎
    3
  31579.  @MichaelBordenaro we need a video about this, lol!
    3
  31580. D....LIKES St Petersburg also. Very safe ,great nightlife, amazing events in Vinoy Park most weekends and fabulous outdoor market every Saturday morning
    3
  31581. Move in with someone. I moved in with my mom in Miami a very dense population extremely dense traffic and I'm not even employed at the moment if you can try to visit and make sure you look at the job market if that pertains to you. Florida is extremely rural is extremely dark at night
    3
  31582. Try activated charcoal on the bug bites
    3
  31583. I have loved watching your videos! I have been watching your Florida videos exclusively before and after my boyfriend and I decided to move to Tampa! We leave on Monday to head down to Tampa, to our new home! Thank you for your great videos to help us understand how our new home would be like. (Leaving NYC). I'm a big fan of the beach reviews since I don't know any good beaches in Fl. If anyone can tell me about cool beaches near Tampa, I would love to hear about them. (I already know about Clearwater, but i do not know about any others)
    3
  31584. A lot of those super high rent houses. Are they not just a form of vacation homes? Expecting someone to rent for only the summer months or something?
    3
  31585. You rock!! Thanks a lot for all your informative videos!! I can't wait to get a place in the sun.
    3
  31586. Beautiful place and location! I have never stayed at an Air B&B. I typically like staying at a hotel with a pool, jacuzzi, and gym. This place looks nice snd peaceful though. Glad you enjoyed it! Too bad about the key card situation though.
    3
  31587. Thanks Michael—appreciate your honesty and directness! What is going on in the South Beach market? With everything you said here, and Surfside, and covid spikes, are prices dropping?
    3
  31588.  @MichaelBordenaro  thank you for this info!
    3
  31589. Hi Michael Thank you for the video quick question how about WIMAUMA Florida?
    3
  31590. Hi Michael, great video. I have been following the Brickell story too, and it's fascinating. In my opinion the best the developer could do from a PR perspective as well, is promise to integrate the archeological diggings in the ground floor/basement as a museum and part of the building. There would be no other building like it in Miami. As a matter of fact there is a bank i Aarhus, Denmark (Nordea Bank), that has a Viking museum in its basement, and where you can also see the ruins under a glass floor. On the way down the stairs to the museum, you travel back in time - for every step you take, you jump back a number of years, until you have reached the year 980, three meters underground.
    3
  31591. To me a condo is just like an apt, rules rules rules ihate it
    3
  31592. For me, it will if I were to move to Florida. I stayed in Miramar for 2 weeks back in 2008 during the Xmas/New Years vacation. I got to go to Ft. Lauderdale, Miami. Hollywood and Tampa. I got used to the areas really quick. Even though I’ve been to Florida previously a handful of times prior to this, that vacation built my confidence that I can adapt and live there. My only issue is the jobs and salary especially since I come from nyc. Jobs are everywhere in Florida but the pay is not great. That’s my only problem living there. But other than that I’m used to the weather and way of life there.
    3
  31593. I believe it's part of the plan the drastically reduce home ownership further reducing the wealth of the middleclass.
    3
  31594. You got me interested in real estate after the Florida vids bro ur channel is great
    3
  31595. I'm a Florida girl. I moved away from there 4 years ago to be near family and have regretted it every day!!!! You are 100% correct in your video. Haters will always be haters!
    3
  31596. Well, Michael! You inspired me! 😎 btw - if you have Morgage on house, bank will require you to have hurricane insurance, and flood insurance if the property is in a flood area. Also the variety of properties on the market is huge, and for one property it may be better to own, for another - to rent
    3
  31597. Thank you Michael 🙏
    3
  31598. Do you like it over there? I want to live in aventura with my family....
    3
  31599. Most developers will allowed the pets , just to sell the units faster .
    3
  31600. It is beautiful and the nature is amazing but let me tell you the reality as I have been here 25 yrs. It’s super crowded here bc of tourism and everyone moving to Ponte Vedra Beach from CA the last yr bc they don’t like the fall out from their vote and the speed limit is 35-45 so you spend all day in traffic just to go to the grocery store and there is one way in and one way out of most places so ur just stuck. The companies are so small here most don’t even have an HR dept and i used to HR 20 yrs global w a degree so you have to downgrade ur job to OM just to get a job that makes enough money to barely survive here. You have to make at least 45k to survive here and most OM jobs pay $15-$17 p/h otherwise ur using ur 4 ur degree to do entry level work entry level pay $12-$14. The college kids are mostly in the dorms and in local housing from Flagler and their parents pay their way. There is only one street downtown that has resident parking on the surface street so you end up lugging your grocery’s for two blocks. The good old boy system is alive and well here so if you try to get a job at the three big companies Grumman or Ring Power or Sunbelt, good luck if you aren’t related to someone or a friend of a friend bc they advert those positions but they just do that for EEOC regs. They usually already have an internal candidate. Florida is a very red state so a lot of the old school ways are still alive and running the town so if you aren’t up for that maybe not the place for you. I’m 100% happy here and I have family here & im a super positive person so I thought I’d give you the real story. I believe in following your dreams the universe will provide but it’s taken me 25 yrs to finally find my niche. Good Luck! Explore! Love the life you want!!! Good vibes to you all!
    3
  31601. 60 a year in property taxes. Jesus lord
    3
  31602. I saw a listing today in my area in Florida.. So a homeowner closed on a new construction home in a HOA community and paid about $650K last month he then listed it yesterday for $1.1M!! Can you believe that ? That's at least a whopping $400K profit in less than one year!! The home looks very similar to my home nothing extraordinary in the style.
    3
  31603. No don’t sugarcoat the information.
    3
  31604. This is not the worst of it. Crime will double or triple when these businesses shut down. People with no incomes will do what they have to do to survive and that means lying, cheating, stealing, assault, and murder. Voting has consequences.
    3
  31605. I disagree. The right person in power can turn all this around easily. It would be painful but for sure possible.
    3
  31606. All health information is supposedly protected by HIPPA laws. No info can be divulged without your written permission.
    3
  31607. My hometown 💕Miami
    3
  31608.  @MichaelBordenaro  Yeah it is indeed Manana :D I am more like extremely organized and work way too fast - so I am on the other scale of extreme ^^
    3
  31609.  @MichaelBordenaro  I was thinking the same thing. Like what does he mean?! 😱But being a Latino, you’re probably talking about stuff not getting done when it’s supposed to and people expecting you to speak Spanish everywhere even when it’s clear you’re not a Spanish speaker. 🤣 But that’s Miami!
    3
  31610. Hey Michael what do you think about solar ? Especially the solar industry heading into a recession.
    3
  31611. Thanks for another great video Michael, always informative, relatively easy to comprehend, and factual which is the most important. I see it’s a here we go again moment though, just reading an article about the massive flooding you’re talking about and the 24 to 28 inches falling in the Fort Lauderdale Miami area. A record. Reports causing major flooding all over of roadways and homes. So, here we go again, insurance cost to cover all of this damage Are going to be material, of course causing yet even more increases and who knows what kind of hurricanes are going to be coming in the next season, it’s a never ending spiral let’s face it, people better be prepared to absorb the all these increased costs whether they’re in their homes or thinking of buying one. Frankly I think it’s insane
    3
  31612. I am 20 years old and i am a car enthusiasts i love cars should i move to florida and also i dont have jobs
    3
  31613. How hard is it for a first time home buyer using an FHA loan get approved when residency and length of job is brand new to the state?
    3
  31614. Thinking about moving to FL because I don’t want to deal with vaccine passports. The governor in AZ doesn’t want to ban businesses from discriminating.
    3
  31615. Michael, Why has Bitcoin doubled from $16,000 to about $32,000 now? Who is pumping up crypto and Bitcoin? We all could have doubled our money if we had bought it just a few months ago. Many experts say it's worthless and just a complete scam yet people keep investing millions and billions of dollars into it. Does anyone understand why this is happening? .
    3
  31616. Sellers in NY are holding steady regardless of interest rates increasing. It's crazy!
    3
  31617.  @MichaelBordenaro  Can't wait to move there!!!
    3
  31618. 2
    3
  31619. Hi Michael, I connected with you about a year ago I live in San Diego area, trying to move home to Florida… My husband looking for a job, I’m a health and longevity specialist I can work anywhere… Anyway what has been our continual problem is that employers in Florida have not upgraded The salaries that they offer to keep up with the incredible escalating cost of living in Florida now. Florida as you know is no longer cheap. But the salaries, suck. Similar cost of living now than what we are experiencing here frankly. Housing, crazy rentals crazy, we need to desperately sell our house, as you know it’s at an all-time high we bought low and this was our goal, with interest rates going up yeah we’re freaking out. Kinda tripping on how expensive Panama City Beach is, don’t know if it’s because every hurricane hits there, and so taxes etc. are high trying to keep up with repairs. I was there about four years ago and, beaches are pretty but really it was kind of a dump😬
    3
  31620. The Kid 14 down the street cut my lawn years ago like 20 mins $25 !! Well he got married no wedding nothing Great. I wrote the now sailor a $1K check and No Reply. Who Raised him or the Wife ?? V Bernie😁😁😁😁
    3
  31621. My husband and I just returned from treasure island. We loved the resort but did not like the noise, traffic, or restaurants in the area. Did you do a video regarding that area? Is Tampa proper the better area to explore? Thanks in advance
    3
  31622. Michael can u tour some wealthy neighborhood sometimes
    3
  31623. Insanity. Guess I'm from the old school. You don't pay your mortgage, you lose your house, veteran or not. These programs do nothing but promote not being responsible for your own actions. What a bunch of crap.
    3
  31624. Is the California central valley a good place to live?
    3
  31625. Awesome footage thank you
    3
  31626. Ok, so 13% incon tax in California if you make a million per year.
    3
  31627. If everyone can afford luxury life style, who is going to work and study hard when they are young to become your engineers, doctors and lawyers? Do you trust your doctors and engineers if they have the same IQ and education degrees as McDonald burger flippers? Refer to the sweet water bridge collapse designed by politically correct engineers. Since the get go of humankind, there were poor and stupid, and rich and smart. This is NOT today's problem. Are all your fingers, the same length?
    3
  31628. What's the point in retiring unless you can do it in Caligulan splendor?
    3
  31629. Loving the video👍🏿
    3
  31630. Gr8 Gr8 content. I don’t have any social media at all, watch YouTube sometimes which is different.
    3
  31631. 1
    3
  31632. More you tubers should do a video outside walking 😂 such a vibe
    3
  31633. Thinking about buying in Panama city beach on the bay. Which is more windy, the bay or the beach, the gulf?
    3
  31634. Torrance has two halfs. a solid middle class west and then there's east torrance a bit lower class. Not sure how it is now as i have not been in that area of south bay for over a decade. It is fairly large La county city and has lots od diversified companies and businesses. fairly safe on western side but a bit dull.
    3
  31635. How about a house near the beach or bay area with good school district
    3
  31636. Sounds like you prefer CA over FLA ..when are you moving 😅🤣
    3
  31637. Those Lamborghini SUV’s are sexy, if only I had a small loan of a million dollars. Love these style videos, not sure if you heard of traveling Robert but he makes similar style videos, and is also in the Miami area, and you mentioned it, can see more of Florida in a shorter video compared to the walking tours
    3
  31638. Congratulations Michael and Lizzi.
    3
  31639. I am planning to move to Florida to be closer to mom. I just need a 1 or 2 bedroom. The way I am looking is by zip codes. Best and worse and what is around....
    3
  31640. Cool video to watch haha
    3
  31641. Wasn't there another building on the beach that partially collapsed in 2018? Man tbh south Florida buildings are weak. Too many contractors are cutting corners building these new places and people are lazy
    3
  31642. Outstanding video. Stuff on sale is not that great anymore .
    3
  31643. I think that's a reasonable number.
    3
  31644. As I mentioned in the comments section of one of your other videos, my neighborhood is at peak value now with the last three townhomes sold did not even have a sign in the yard. My region of NE Ohio has lagged behind the rest of the country from recovering from the Great Recession regarding property values.   Despite this, I am still strongly thinking of selling for maximum profit and moving in with family for a few years while everything settles and corrects itself. A move to Florida might be easier with that plan. I just need about a month to get my property ready for market. I might even FSBO it for a maximum return. I can't just jump up and sell today although I would like to :)
    3
  31645. Thanks for this video. I have thought about it a lot too from Texas because of catastrophic suddenness of it in the middle of the night.
    3
  31646.  @MichaelBordenaro  thank you for this video you haven't persuaded me in any way. just more confirmation of things that my husband has already told me about living in florida.
    3
  31647. Great information our last vacation i witnessed the terrible traffic and drivers.
    3
  31648. Your example about hard drives is one of the big ways that the government shows a lower inflation rate than actually exists. When the government counts prices of technology, even though the price of the technology increases slightly say by 10% per year, the government says the technology is twice as powerful as the previous year so it is actually half as expensive. So the hard drive that you purchased last year was probably 6 TB but this year for a slightly higher price you are getting 10 TB and so the government counts that as a negative against the inflation rate because you are getting twice as much for your money.
    3
  31649. 33 in 1983!!!! Good research, had a 9% mortgage in 1989 and was happy, like Klaus wants, lol
    3
  31650.  @MichaelBordenaro  and I did enjoy this video and the others of yours I've seen. I "liked" it. Just saying living somewhere gives you different insights than visiting. California IS rampant with homeless, and ONE of the reasons is the wider access to services that other states like Florida deny. These services also benefit the working poor and low-income earners, and Florida lacks these services. That's the flip-side to lower taxes.
    3
  31651. Thanks for good advice
    3
  31652. I saw PLENTY of Trump flags flying from yachts/boats in Huntington Beach, CA. I also don't like that people come here thinking that they don't have to wear masks or take the pandemic seriously. Guess what, you still have to wear a mask to go to the store. CA now has low covid transmission and cases and they vaccinate people faster than us here in FL, while we are still battling a high number of cases daily with a slower vaccination rate. I for one am all for vaccination passports. I am okay with opening things quicker as long as I'm assured that folks are vaccinated. When I was a kid, and still today, you can't go to public school without proving that you have been vaccinated. What's the difference between that and the so called vaccine passports? When did being privileged to have access to something that is saving lives become politically divisive. Sorry, but this south Floridian doesn't agree with the anti-vaxer narrative, and everything that goes along with it.
    3
  31653. Too many illegals and homeless,and the politics and foster of living has ran this place to crap.
    3
  31654. I was in Port Saint Joe a few years ago before the hurricane hit and it was a VERY small town and I found the price of housing to be kind of high especially for being such a small town... I mean they had only one grocery store they had no real beach to speak of... but Mexico Beach is not too far (that's the beach that got hit really bad) and it had a real beachy feel to it... I liked seeing all of the big beach houses on stilts... it was pretty cool... it's hard to imagine that a few weeks after I visited... Hurricane Michael totally decimated it... I'm sure that they've rebuilt but I'm not sure to what capacity... but yeah the prices of homes in the Clearwater area where I live used to reasonable but in recent years they have just gone through the roof... and they're building like crazy!
    3
  31655.  @MichaelBordenaro  Oh yeah...They pretty much had to rebuild the whole town...my brother who owns a rental up there a few blocks from the water said that he had 2 feet of water in the living room...but a little bit further up the road is Mexico Beach and the houses there were just devastated but I think Port Saint Joe is probably pretty much rebuilt...you should Google some pics ...I have no idea what it looks like now up there...I hope you shoot some footage it'll be interesting to see...safe travels
    3
  31656. how can I contact you Michael?
    3
  31657. Be careful of Bears
    3
  31658. ANOTHER WIN FOR CA. - NO PYTHONS OR GATORS
    3
  31659. You are always a wealth of information 👌
    3
  31660. I bought last year tho ...
    3
  31661. Imagine being able to hear someone's TV from a sidewalk during the day with traffic driving by....Talk about cheap building materials for a home
    3
  31662. Very informative episode 👍
    3
  31663. Investors driving up housing costs and rents is yes, GREED! This shouldn’t be legal…because citizens cannot compete with Wall Street.
    3
  31664. I like it here in New York but California has stronger gun laws so I would choose California over Florida. State income tax be dammed you are safer from guns in California.
    3
  31665. My favorite places of all the places in FL where I spent significant amount of time - 1.Dunedin, 2.Clearwater Beach, 3.Treasure Island, 4.Indian Shores & Indian Rocks Beach, 5.Downtown St Pete
    3
  31666. How the fuck, did they buy that house for 515k a year ago and now list it for 1.250m. It looks like they found gold because the neighbors house sold for that much. No way that market went 2.5x in 12-18 months.
    3
  31667. That video was amazing I am 40 minutes from Rockford I need video like this in my life
    3
  31668. Great video!
    3
  31669. Congrats on the award!!!
    3
  31670. HOW CAN THERE BE GUNSHOTS IN CALIFORNIA!!!! Boomers logic is overridden by main stream media terrorist narrative. Doesn't matter what they experience. If TV man says jump they jump.
    3
  31671. You have to have regrets. You need to make mistakes. Especially when you are in your 20s. Those mistakes that you made are crucial and necessary for success. Spending all your time at the beach is not a mistake Mike.
    3
  31672. Part of the cost of rent going up is the price of maintenance of property, insurance and government taxing authorities.
    3
  31673. Such an awesome, comprehensive, and objective video! Thanks a ton.
    3
  31674. Excellent video Michael. I would love if you could do one for most affordable rentals for a single person, a one bedroom or studio in the Sarasota/Venice area. 10-15 minutes from the beach is ok.
    3
  31675. Hi Michael, would you have update on 6969 Collins condominiums, ordered to be vacated by 7pm today, Thursday 10/27?
    3
  31676. Hello if you can you provide a video on how to buy auction homes in South Florida that would be awesome!
    3
  31677. Hi Michael, how about Lake Nona? Can I find a nice apartment complex for a 1 bedroom. Love your videos. Keep up the good work 👍🏼🥰
    3
  31678. SCOTTY KILMER has been saying the same thing about EV's for years IS NOT SUSTAINABLE not to mention that WHO can afford an EV in this recession ? NO WAY will there be the infrastructure for EV cars
    3
  31679. Florida has gorgeous beaches too. Just no beautiful mountains and such.
    3
  31680. We were looking at buying into a high rise here in Canada and after seeing this,,, Nope 👎
    3
  31681. And you're hitting the nail right on the head and that's what all the links are going to be tied to so that it gets the audience around and away from all of that.... we're going the right direction
    3
  31682. You can't just pay "a few extra dollars" more in taxes and build homes and shelters for all the "homeless" in California. That is naive. 90% are bums and junkies, and they will not follow the basic rules for living in any kind of civilized housing situation - rules like no drugs, alcohol, stealing your neighbors stuff etc. There are plenty of shelters for them to go to. T he problem is California makes it easy for them to be bums and junkies, with their lax laws and enforcement, easy access to drugs and needles, money, etc. etc.
    3
  31683. that is exactly what has been happening in the Melbourne, Fl area especially on the beach side.
    3
  31684. If I were you, I’d wait it out for 6 months to a year. Sellers are getting nervous. I’m seeing price cuts all over my area and my agent is telling me that she has some sellers very much willing to negotiate asking. I told her I’m waiting on the sidelines as I think there is a big shift that has already started. Will it be 2008? Probably not but you bet that these homes prices that have almost doubled in 2 years are coming down.
    3
  31685. Yes please!! Implosion !!
    3
  31686. Yeah that would be awesome. The beaches you go to, the more experience you'll have with them and gonna end up having a favorite beach to go to. I'll be looking forward to seeing the beaches. Especially Sarasota.
    3
  31687. Do you think people would’ve learned. Where is basic financial education? I don’t even remember where I learned it but I learned never ever take out an adjustable rate mortgage. Ever. I guess these people are now learning at the hard way. I kind of don’t feel sorry for them.
    3
  31688.  @MichaelBordenaro  Yes exactly, where there is a will there is a way, a plan needs to be in place and like you said, be flexible and rethink unit size/off-the beach to be able to do it!😎🏙
    3
  31689. My recently widowed mom’s property tax was just raised to $5,600 from $4,000. She lives in shitville nowhere Kansas.
    3
  31690. That sounds fun to drive on the beach! 🏖 🚗
    3
  31691. Hi Michael! What if I want to buy a home in FL, somewhere from Miami Beach to Hollywood beach? I would rent it out for short term guests (couple of days to a month). Which type do u recommend? I would buy applying for a mortgage. Nothing fancy. BTW! We are postponing our trip to Miami (going from Hungary) in November because we still cannot enter the country. We will be 13 (12 adults and one smaller kid.) Can u recommend us some place, a house or a big apartment or two apartments for 3 weeks or a month? Let's say from mid November.
    3
  31692. I love John Muir Woods! I miss that part of California now that I live in Florida.
    3
  31693. What is it that you think gold rising is telling you. People are so ignorant.
    3
  31694. Michael no new sub , from NJ I want to retire either Pompano beach , Hollywood beach condo please feature some property near the beach budget around 250k
    3
  31695. Genuine words of wisdom.
    3
  31696. Thank you
    3
  31697. You got a great dad Michael! 💙 very interesting oil painting. Forget about it! 😊 I also am Italian! Family escaped tyranny of Mussolini in Italy🙏🕯🇭🇺🇭🇺
    3
  31698. Excellent video,before I didn't know how to print the credid report now I know how to do it.thanks
    3
  31699. I grew up in SoCal. Used to surf Hermosa, Manhattan Beach, south Torrance in the early morning. Then drive up Artesia Blvd and go shower in the swimming pool shower at the high school and go to classes for the day. But it always felt kind of crowded in SoCal -- that's why I moved to Boulder CO in the early 70'x.
    3
  31700. Michael Bordenaro Exactly, that’s a great point. And thank you for making these videos!
    3
  31701. Michael Bordenaro Thanks again! And stay safe weather wise this weekend! Maybe you can make a video about it!
    3
  31702.  @MichaelBordenaro  you can exclude wind if you want to but a standard insurance policy includes wind coverage.
    3
  31703. Hey Michael, where in south Florida is a good place to live if you don't speak Spanish? I've heard that you really need to speak Spanish to live in the Miami area and get a job there. Is this true?
    3
  31704.  @MichaelBordenaro  Thanks! Great Video, as usual!
    3
  31705. Wow love the views. I would love to visit this one day. Thanks for sharing. Great place to shred. Carry one.
    3
  31706. People are driving around giant batteries on wheels. What could go wrong??
    3
  31707. My tax bill stayed the same as last year. $1700
    3
  31708. Thank you Michael for the video. I live in Europe in the Alps. In winter there is sometimes a lot of snow and avalanches. Avalanches will exceptionally pull away part of the mountain village. A colleague at work comes from Sicily near the volcano Etna. After one incident, where an avalanche dragged cars along the road a few kilometers away, a colleague decided to return to Sicily. Who would want to live near a volcano? -I'm asking myself. People in the world have different climatic conditions in which they have to adapt. Greetings from the Alps, it's snowing hard behind the window. ❄
    3
  31709.  @MichaelBordenaro  😉👍
    3
  31710. hi michael. love your videos! i REALLY want to move to Florida. i am not young😁 53 & have a 14 & 17 year old girls . i will have approximatly$5,000.00 to move. looking at st pete beach. what is your opinion? can it be done? should i sell all my furniture & just start fresh diwn tbere or pay to haul it? which is about $3,500.00. i would really like your opinion. im moving from md. but i need a fresh start. & it will never start unless i take a step but its my girls that keep me from going now, i want to provide for them . your thoughts pls thankyou. pam
    3
  31711. Thanks for the video
    3
  31712. Nice interview
    3
  31713. You should try living here in Canada. Housing prices are through the roof. A decent house costs you ~$600,000 USD. Not to mention taxes are super high, close to 15%(!) Florida is dirt cheap to us Canadians. Enjoy it while you can!
    3
  31714. Double digit inflation is here. The government used our tax dollars to weaponize against us.
    3
  31715. Great content! Maybe u can do videos about real estate markets dynamics? How it changes with correlation to economical situation? You are a true expert!!!
    3
  31716. Sounds like something straight out of the Ministry of Truth
    3
  31717. Hi Michael. Thank you for sharing the house market red tape and scammers market…😅😅
    3
  31718. Crime is everywhere. Compare detailed crime stats between your current city and desired location. And take a look at crime maps that may show what neighborhoods to avoid.
    3
  31719. I think it's irrelevant what pre pandemic levels were. Fact is confusion is our number 1 enemy. We sense something is not as reported while refusing to come to your own conclusions.
    3
  31720. I’m curious to know what all these big builders in neighborhoods are going to do with their unfinished homes once rates go up so high and only buyers will be cash buyers.
    3
  31721. I got a handed to you, Mike you got a lot of energy out here every day showing us what it’s like down in Florida up here in Chile Oak Park Illinois. I just figured out how to make a donation since you spend a lot of time teaching me stuff I figure it’s worth paying my tutor, good luck keep up the good work
    3
  31722. It’s all true
    3
  31723. I happy I haven't.. No girlfriend, wife, kids, divorce, child support, felony... All I have is 20 years of people wasting my time!
    3
  31724. Camaro is wonderful...
    3
  31725.  @MichaelBordenaro  hahaha kisses
    3
  31726. ALL TRUE STATEMENTS. SAD TIMES.
    3
  31727. In CA some beaches have really rough like gravel instead of sand and some have only stones, no sand.
    3
  31728. Love the video! The trees and flowers are beautiful. The amount of talking is just right!
    3
  31729. Lol that house will be worth 265k when everything comes tumbling down
    3
  31730. Michael, huge fan. Watch you every week from Hong Kong. What’s your view on when the best time to get into the market is? What do you look for that tells you, ok, now’s a good time to buy? I.e., when do you know you’re near the bottom of the market? Let’s assume interest rates are not a factor because the buyer has cash…Thanks!
    3
  31731. 👌
    3
  31732. How about some videos on some of the best bars and restaurants in town?
    3
  31733. Florida da best
    3
  31734. We’re about 20 percent into this mess. Definitely not the time to buy a home unless you have 20-40 percent down and you can negotiate a better price.
    3
  31735. You are right after Biden and Company are done with their systematic destruction of the US it could take minimum 10-15 years to recovery some sense of normal?
    3
  31736. The asking price is always priced to the market. So the price is already down from earlier this year. If they are not even getting asking prices, it means the market is going even lower. Just wait till 2023. Plain and simple.
    3
  31737. your words ae so true, what a great way to be in shape, lving in a place where you can be outside all year round.
    3
  31738. Great advice Michael…as usual! I really like the idea of hiring an inspector before putting the house on the market. It would honestly give me a sigh of relief knowing what my hired inspector finds, repair it & be ready with confidence to sell knowing there won’t be any surprises coming. I’ll certainly keep that in mind for our future. (Actually it’s not a bad idea to hire an inspector just to be on the safe side & to keep on top of things if you own an older home.) We are in our late 60’s & seldom use cash…but have lately been trying to keep some cash on hand because of the craziness. Lol
    3
  31739. Michael Bordenaro I have lived in the Bay Area because I loved the flowers green and cool weather and thought about move to SoCal to get bigger home for family visiting and especially we can transfer taxes but the hot weather dry environment air pollution and high capital gain caused me had to think about move back to NoCal again but I will keep in mind about Florida if I can transfer taxes. Thanks for your nice video
    3
  31740. I wouldnt go based on listing price Those homes probably have multiple buyers and the prices will not stay the same. I would go based on recently sold homes.
    3
  31741. I do love the channel and enjoy your videos. Here in St. Johns County (St Augustine area) prices go well beyong listing price and multiple bidders are found regularly.
    3
  31742. I don't know how those unemployment numbers could be so low. I get emails like this every single day from my local employment security department ever since I signed up for alerts when I was looking for jobs in my field. This is just one of them from Nov 14 2022. "Employment Security received a WARN for an organization with Locations in Bellevue and Seattle. Organization: Meta Platforms, Inc (facebook) Expected beginning date of separations: January 13, 2023 Number of affected workers: Bellevue - 307 and Seattle - 419 Layoff or closure: Layoff" That's 726 people. It's an average number. Sometimes the layoffs or closures affect thousands all at once. Still. The stores and roads are full and they keep spending money like it grows on trees around here. Last week when I was doing my grocery shopping in one of the "cheaper" stores, I was looking at a jar of mayonnaise that cost $3.50 just 2 months ago, it's now $6.99! No matter how you slice it, that's double. There's not going to be a turkey dinner with all the sides and a stuffed stomach for me this year. I will just have something else and be quietly thankful for what little I have.
    3
  31743. Nice sunset.
    3
  31744. I always ask the sellers if they want to sell or just list their house. You should see the bewildered look on their faces.
    3
  31745. There's a sucker born every minute
    3
  31746. I’ll look at anything you post, all of the info is interesting to me.
    3
  31747. Thinking it will be good for potential buyers. Promise (in writing) a big bonus if they can get you the deal you want(or close to it).
    3
  31748. So I guess you play guitar.... lmafo!!
    3
  31749. Insurance lobby is very powerful. They work diligently to limit your ability to sue by claiming the lawyers are driving the rates. It's not just property insurance, it's medical as well. They did the same thing years ago with medical malpractice cases in Wisconsin, Texas and countless other states, falsely claiming it was costing them too much money... which needed to be passed down to their clients. The state legislators bought the argument. Years have now passed and the facts are crystal clear. While limits were set, and damages capped... all but taking away ones right to successfully sue, insurance rates NEVER one time decreased but their profits soared. Record setting. None of that cash went back to those paying the rates. If you take away ones ability to sue, including limiting lawyer fees (and including those who work under contingency fee agreements where the lawyer isn't paid unless successful), who the heck is going to take on all that risk and expense to fight for you when a claim is denied or the insurance company breaks your agreement? Good luck. It's all a total joke.
    3
  31750. Black Rock and the WEF totally agree: Rental Property is the best.
    3
  31751. This is why I say watch the stocks. Open door is one of many. Redfin is one too. RedfinNow. The reason you see the flyers is they have no other recourse. This is why I made reference to the band on the Titanic........The only thing they could do was play......as the ship sank....
    3
  31752. That $3.5 million home that was initially for rent at $35k was obeying the rule that rent should be about 1% of the value of the home. So what’s that say about the home’s value now that the rental asking amount has been reduced to $25k? [Calculating…]. Lol
    3
  31753. From Scotland and my dream is to live in Tampa Florida...... There’s around 1 week of sun per year in Scotland the rest it’s rainy and grey.... It fucks me mentally I’m a property developer I reckon I’ve got around 4 years until I can move and be financially comfortable... I like looking up videos from time to time to see the lifestyle....
    3
  31754. Thanks man.... I know I’ll get there can’t give up on your dreams !
    3
  31755. Really enjoy these videos u strolled by these houses for sale, not sure why but feels satisfying.
    3
  31756. Bartending in orlando making between $25-$50 / hour
    3
  31757. U better put your sun screen on
    3
  31758. As you know Micheal there is no money in cure!
    3
  31759. 👍👍
    3
  31760. 18:35. I like that house.
    3
  31761. Prices still have to go back to 2020. Then all those no amenity middle of nowhere places will be close to their true worth.
    3
  31762. I like the motivation. Thanks
    3
  31763. Sounds like these houses are owned by drug dealers
    3
  31764. First 🔥👍🏻
    3
  31765. I love the area .
    3
  31766. Man you are awesome and you don't need to explain yourself to people who don't understand or have logic about finances. I enjoy watching your channel for simple reasons by telling the truth. Keep up good work!!!
    3
  31767. Subbed😊
    3
  31768. Please stop at Nocatee 😊
    3
  31769. I love this video. I think worshiping luxury actually began before social media and the Kardashians. In the 1980s, which became known as the "greed era," prime time television featured programs such as "Dallas," "Dynasty," and "Falcon Crest' - all showcasing the lifestyles of the rich. And don't forget Robin Leech's "Lifestyles of the Rich and Famous" TV series. Social media just took it more to a personal level. People are often posting things on various platforms that portray their life as more glamorous and happier than those viewing the posts. There's a good documentary on Netflix right now: "The Social Delima." It's quite eye opening. I'm really enjoying your videos. Keep up the good work.
    3
  31770. Great Video - Lots of Information. I don't think that people who pull out money from their homes realize that their payments will increase - a lot. No one should ever pull money out of their homes --- it will get them in trouble. It's nice that seniors (and others) are looking for roommates to help them survive this very expensive economy - which isn't going away. The do have to be very careful who they rent to --- they should run a credit report on people they are considering renting to - and they need to contact the last 2 or 3 people who rented to them. Especially for seniors --- I recommend that family members do this for them because they would be a lot more savvy. There are many scammy people around - so they have to be very careful. I've never been to Florida - so it's nice seeing a little of Palm Beach. I read that the Fed printing Trillions of $$$$ is the reason for inflation - now they want to control it? I'm confused.
    3
  31771. You hustled the owner out of a property by promising to smooth out the process. I used to use that on women when I was young enough, lol. Just kidding, Bad things can happen to free-standing single family houses on the highest point of elevation in 50 miles, don't ask how I know. Best wishes for your new property! Pay the dues, and be glad you don't have to sit and wonder when the workers are going to show up. Somebody else will make that screaming phone call. Ha ha.
    3
  31772. wowwww. I am legend style be careful my guy ✌🏾
    3
  31773. Good video. Good information.
    3
  31774. California is not losing their tax base, they are purposefully inducting policies to drive people out. I wonder what happens if a state goes bankrupt?
    3
  31775. Michael, can’t figure out how to send you a private message. But I ordered those sunglasses through your affiliate link you provided trying to get them for Christmas as a gift. They still haven’t come. Do you know if the site is still valid? It’s not like they were super expensive I just don’t want to keep waiting for a product that never arrives. I know you don’t control the production or shipping and just promoted them but I’m just wondering if you still recommend them?
    3
  31776. I know you have different types of people on here. But from a property investment scenario knowing your stock and trade. An investor can make money from a not so good agent as well as a good agent. Even a good agent who wanders into a suburb they don't know real well can end up being a not so good agent in that suburb. Big data cannot conpensate for boots on the ground. Thats why your show is the best.
    3
  31777. There is no perfect place to live, it comes down to what is important to you and what you can afford. I’ve lived overseas and always felt it would be better living in other countries but then found out that they also have issues and sometimes worst issues based on what is important to you. You will get killed on home prices and income tax in California, along with crime and homeless. I live in CA and looking to move to Florida, we’ll see.
    3
  31778. I’m so sick of the gaslighting from our Gov and Media. They lie about everything…. Just like the dollar getting smashed. Let’s not forget the media ignoring the 100 food processing plants burning down. Poor countries in Africa that rely on imports are going to be hurting. When photographs start circulating of starving children the WEF will come in to save the day. During WW2 our government encouraged us to grow food and prepare for the worst case. It’s almost like they want us to be reliant on the so called government. Look at the recent nuclear bomb warning in NYC as an example. They didn’t tell you how to prepare for the worst case scenario or how you would be saved. Just told them to run inside 😂🤣
    3
  31779. Hi Michael ! Sounds like you are having lots of fun !! I’m getting a little jealous stuck in boring East coast !! I will be in Miami soon I am going to use your Realstate team . In the mean time ! Cheers !🤩
    3
  31780. Hi I have a question: I want to move to Florida and one of the reasons is because I have a YouTube channel where I share my workouts .These are mostly recorded outdoors or at the pool. So having a great weather is very important ;) My question is: do you know if it is allowed for a person like me to offer group fitness classes at the beach? Or would that require some permits? If I charge for these? Who should I contact to get mote info about it? Any help appreciated! I love your channel.... so helpful! If you know, please let me know. I will be surely trying find out all the details while I move as well.
    3
  31781. Michael Bordenaro Thanks. I hope this will all work out well;)
    3
  31782. In Quebec(french speaking province of Canada) real estate market is strong. We have a lack of supply. We have an auctions. Two semi-dateched houses on same street in Laval listed around 370-390k CAD,but sold for 440-445k. Of course with rising interest rate we don't have too much buyers us before, but same time many homeowners who want to sell before,just waiting when situation will change and they will sell their property for a desirable price. And affordability will get worse , because every year a 400000 more people immigrating in Canada. I can by a 3 bed's house with my income in Pittsburgh, PA , but I can't buy in Greater Montreal!!!
    3
  31783. Until the highly exorbitant real estate prices end, there is no way I will buy real estate in Florida (or anywhere else).
    3
  31784. Very peaceful, this is my type of a beach. No lifeguard, and very relaxing 😎
    3
  31785. Great video Michael, definitely been contemplating a move to another state since earlier this year and coincidentally stumbled upon your videos! They’ve helped me gain a different perspective, thank you!
    3
  31786. Michael Bordenaro You’re welcome! I love the videos, especially these type of encouragement and ‘real talk’ ones! I’m glad I found the channel! Moving closer to making a final decision! 😀
    3
  31787. People that own house with no mortgage are forgoing homeowners insurance
    3
  31788. And with Amazon laying off 10k their employees before Christmas time, it says a lot about how bad the economy is!
    3
  31789. Congratulations Michael...Best Wishes to you and Lisi. Good luck in your new home. Can't wait for the photos. You did well!
    3
  31790. Love your channel! Excellent video
    3
  31791. In Washington state one can check the validity of a real estate agent license through Dept of Licensing (DOL) who also issue drivers licenses and other professional licenses.
    3
  31792. So you own any shirts with sleeves? Asking for a friend.
    3
  31793. BAWHAHAHAHAHA...love it!
    3
  31794. Put squatter's possessions on the curb and change the locks. Buy a pitbull or 9mm. Stand your ground law on Florida.
    3
  31795.  @MichaelBordenaro  I'm sure it will ! As always, good job! :-)
    3
  31796. I see you hinting at Sunny Isles in the background :D Working your way up north for another walking tour? :P
    3
  31797. 1970 all over again You will see people going bankrupt over the next few years as they 🩸 bleed out slowly. The big SUV, gym membership, holidays, extra streaming services, the boat and toys, home insurance and maintenance,,, everything is a drop of blood and it adds up over time
    3
  31798. Word of the day. "Proprietary." If the home your looking at buying is not proprietary, good luck that the same non-proprietary property will be worth more next year or the next several years.
    3
  31799. Thank you ! Appreciate it !
    3
  31800. Yoooo hell yeah man congrats and good on you keep building the channel and HAPPY BIRTHDAY homie!
    3
  31801. If I moved to Florida, I would go to the Golf Coast. It is a slower pace of life, and you are right about the sunsets. They are the best. As I mentioned earlier, my family had a condo in Marco Island. We were high up on the 17th floor facing the Golf Of Mexico. Just beautiful! I hated coming back home to New Jersey. We had a nice swimming pool there, and you could walk from the pool right onto the beach. Boy, do I miss it. I could picture you on Marco Island.
    3
  31802. I looooooooved this video!! I just wanted to hop in my car and go! But oh wait... I'm not there... 😶 lol Please do more of these! Nice that they're probably the easiest to do! lol I love hearing your slight accent! Makes me miss my cousins outside Chicago! 😄
    3
  31803. ty
    3
  31804. Thanks, Michael!
    3
  31805. I know people say "I like cold weather better because I can put layers on", but that on itself sucks and even with layers on I am not enjoying the air. Even if I am sweating, I still enjoy the air and enjoy the fact I can walk outside without having to put anything on.
    3
  31806. Can a retiree survive on $6,000 per month in Miami?
    3
  31807. 🙀
    3
  31808. Me and my wife are going to check this place out.
    3
  31809.  @MichaelBordenaro  we are going to check it out. I learn something everyday about my state from you.
    3
  31810. People won't be moving out their buildings..trust me. Just check how people didn't even want to move from the Tower next to the one that collapsed. Yes, maybe some people will move but not massively. Follow your instint and move to another place. Maybe a two or three floor building just for you to have a peace of mind.
    3
  31811. We hear devenport and celebration are good towns to live in?
    3
  31812. Hi Michael, again awesome content I definitely can relate to the weather in the North East. Mental health is very important and I couldn’t agree with you more. You’re spot on!!! Thank you
    3
  31813. It’s government intervention that’s created this problem from shutdowns, quantitative easing, zero percent rates, eviction and foreclosure moratoriums, on and on and on. Every time the government puts its finger on the scales the “rich” or “greedy” people know how to play the game. No matter what laws you pass, the average person won’t take advantage of them, that’s why they’re average now and always will be in the future. The rich have the intelligence to take any law the government passes and profit from them. See any socialist authoritarian country, the oligarchs and most shrewd among us still manage to get rich. In the end, all of this always lands on the heads of the poor and those who don’t know how to play the game. Every unintended consequences of “benevolent” laws passed by government to “help” people always crushes the poor and middle class. What I’ve learned most over the years of financial education is the poor always try to take from the rich and the rich will always know how to turn it back around on the poor.
    3
  31814. I can see that, an incentive to buy. I would say the stimulus checks, low rates, etc have the same goal, to stimulate demand, increase gdp, etc, and those types of programs leave us in the position we’re in now. Another unintended consequence related to attempting to punish or curb RE investors is the 1031 exchange and tax law changes proposed by Biden admin. This has caused big time investors, Wall Street home buyers, many of the ones you mentioned to move away from large purchase syndicated projects like apartment buildings and into single family houses. The government essentially tried to “tax the rich” by lowering the 1031 exchange caps or getting rid of them altogether, and investors responded when the rules of the game change. Once again the little guy is getting squashed because the little guy voted for politicians who want to take from the rich and distribute to the poor. We’re left with less incentive for affordable housing development and large rental building investing and now competing with these players in the single family world.
    3
  31815. ​ @MichaelBordenaro  Absolutely pain is inevitable and we can't keep borrowing and spending into prosperity. I'm slowly thinking we're past the point of no return and the doomsday people like Peter Schiff who have been predicting the collapse of the dollar and fiat currency might finally be right after 30 years of wrong predictions lol. Who knows, maybe we can kick the can down a few more years....but political division, spending, borrowing, and money printing are at all time highs and it's leaving the financial/investment gurus scratching their heads on how to protect their assets.
    3
  31816. I would say to track the actual neighborhood. For example, we live on the outskirts of a city. There are two neighborhoods that are consistently known for problems. But, then there's other neighborhoods you hardly hear of anything. Doesn't matter, older/new houses. It seems to follow certain neighborhoods for some reason. So don't just research the city; see if you can research certain neighborhoods.
    3
  31817. Merry Christmas to you and yours. May all your aspirations be met in 2021. Maybe next year I’ll be there for that. It was lovely to see.
    3
  31818. Michael, just one question, do you have a good doctor and good dentist in Miami?
    3
  31819. Michael Bordenaro thanks, I’m asking you because I lived in Miami for 3 years and I think I come back there in November, I’m in New York right now. I need to find a good job and an apartment, thanks God I have friends there but for the job I have to do everything by myself.
    3
  31820. Michael, as in independent contractor, how do you get health insurance and dental insurance? Are you on an ACA health insurance plan? If so, how do you like the plan?
    3
  31821. @MichaelBordenaro  I'll let you slide in the joke bro, bc your content is top shelf! Be good brother! Btw vit E, arnica, and aloe with help those stitches heal up nice
    3
  31822. Happy Easter to you and your family.
    3
  31823. Happy Birthday Michael! Another year older and deeper in debt!!
    3
  31824. Is this a Tesla commercial?
    3
  31825. Great information!
    3
  31826. Another excellent review thanks Michael. Best Regards to both of you.
    3
  31827. Thank you Peter!😊❤️
    3
  31828. You make a beautiful model!😊😊
    3
  31829. Orlando area ur avoiding a lot of hurricane.
    3
  31830. It's crazy to go on a trip via credit card... Me and my lady have not been on a vaca for a few years, we def plan on something soon, but we saved for it! So crazy.
    3
  31831. Amazing! I want to Redwood Forest !!!!!
    3
  31832. Michael Bordenaro thank you I'm checking what cities are more affordable for me but I don't know where to start thank you for your advice !!
    3
  31833. If it closed the title company would be on the hook. Deed wouldn’t transfer because it’s fraudulent. Would have to go through legal system. Also mortgage wouldn’t matter because title co would just get a payoff
    3
  31834. Have been checking a high school homes in 32259 for over a year now, it had been like between 10 to 13 houses in market for a long time. But the inventory has been more and more from the begging of this year, it is now over 60! Where I live in CA, the inventory was below 20 by the end of last year, but now it is around 100! I believe that things really have changed.
    3
  31835. diversity sure is grand, isn't it....NOT!!!!!! when these land owners rented to people 45, 50 years ago America was much more homogenous, now, America has become a diconnected diverse, 3rd world counrty where nothing works. Unles we can somehow, turn it around, back to the way it was one harmonginously, European, one people, America as we once new it will die off very quickly.
    3
  31836. My mom was a real estate agent here in NJ during the 80's - she started back when interest rates and inflation were sky high. As you could imagine, home sales then were very slow - but prices were stunted due to the interest and also the demand was in the basement. She did have a secret way to sell houses to people who balked at the interest rates: she told them as long as they could afford the payments for a few years, when rates came down they could refinance for 6 or 7% instead of 12% or higher and save a lot of money in the end. You can't renegotiate the sale price, but refinancing is key. She ended up moving on to insurance in the late 80's when the writing was on the wall for that housing bubble - she knew it was going to kill the market for years.
    3
  31837. Where are the young ones that have a 2.95% loan because they bought in the last 2 years going to go with higher interest rates? You think they are going to move up with a recession coming? Very doubtful.
    3
  31838. Fantastic video!!!! Can't wait to tru this. I'm with you, we like to be close to the water :)
    3
  31839. We ain't seen nothing yet, just wait.
    3
  31840. Although I agree it's hard to see these folks they are a byproduct of a system that has largely cast them out for various reasons. No simple solutions out there! Love the channel! Just a frozen canadien here weighing in. We have to many homeless also up here!
    3
  31841. Hey Michael, I have a question...have you done (or can you do) a video that compares or talks about buying a property for investment purposes in a gated community vs. buying a home for investment purposes in a general neighbourhood? Specifically asking about buying a home in either of these types of areas to rent out for a few months out of the year. Not AirBnB. I hope my question makes sense. Thank You :)
    3
  31842.  @MichaelBordenaro  yes either one would be purchased, then rented out for a few months of the year and maybe even rented out all year long. I live in Canada but when I am not in Florida, I would want the house rented out so I can make money off it still. Instead of paying a mortgage on an empty house etc. Like I can see myself going down during winter months on and off, but probably not come down during summer months, ya know? So when I am not in florida I would rent it out.
    3
  31843. Hello Michael, The family and I spent the weekend catching up on your videos. Thanks for the Deerfield Beach one. This one here was awesome. My wife and I watched it 3 times. We've even canceled our regular trip of coming down to CB Smith park and other areas this Winter To start focusing on Relocating by end of next year. Once work slows down I'd like to do your one on one time. Thanks again Dan
    3
  31844. You won't be making video dipping yourself in California's bone-chilling water for long, even in the dead heat of summer, especially further north of Santa Barbara, along the coastline of Big Sur.
    3
  31845. I asked and became permanent work from home when I moved to another state . The majority that use to wfh with me now have to go in 3 days a week as well.
    3
  31846. Benjamin Franklin is famous for his truism on money,(paraphrasing) "It's not what you earn, it's what you save that counts".
    3
  31847. Nice video!
    3
  31848. Michael Bordenaro Between Texas and Florida, which state do you honestly think is better to live in?
    3
  31849. Michael Bordenaro Which city has the cleanest air, Miami or Chicago?
    3
  31850. It’d be cool to see where the most diverse places in FL are
    3
  31851. Well said Michael!!!One day at a time living life to the fullest!!!💯We just had a 4.1 Earthquake June 28, 2021 in the San Francisco Bay Area! We can't live in fear! Death is part of life. Ciao from Cali!😎🌴
    3
  31852. This video is one of my favorites. Thanks
    3
  31853. You're Florida videos have had more knowledge in them than any other I've come across in my search for information in moving to Florida. Thank you SO much for the advice and keep up the great work you do! :)
    3
  31854. 8:18. Distracted. Beautiful classic 944.
    3
  31855. I'm 61 year old and agree 100% with you .
    3
  31856. hey, when you have a million in debt then making 350k is paycheck to paycheck. 170k in cars. 90k in student loans. 800k house. she probably only takes home half her income after taxes.
    3
  31857. Happy birthday bro from outside of Las Vegas. You should be back down in the 🗝️ to celebrate 🎉
    3
  31858. SS is here to stay...forever! They will just raise the taxes and increase the upper cap! They will probably pay less for future generations. Usually the retiree are the largest voting group so this program is here to stay, politicians can not afford to touch it!
    3
  31859. Great episode.. SPOT ON !
    3
  31860. From Europe. -. We are amazed at the low structural integrity of the houses you tend to build in the US. More so because it does look like you really need to make houses way more solid. Haven't you hear of the three pigs and the wolf.. 🤣🤣🤣
    3
  31861.  @MichaelBordenaro  Have you considered just moving to another state? Or staying in Florida is non-negotiable for you right now? I went to St. Augustine back in February while I stayed at my hotel in Orlando. I’m 41 now, have two college degrees and Master’s degree, lots of skills, no wife, no kids but I’m a caretaker of my parents. That’s another reason why it’s hard for me to just move to another state and start over. It’s important to understand everybody’s unique POV
    3
  31862. Miami still seems to be a pricey place. If you were there just working alone by yourself, is all of that easy to afford in the Miami area? These days, it seems it takes both people in a relationship to work. Some feminists would disagree with a man on that mindset but I wouldn’t even date a woman that doesn’t want to work because it’s only fair the ladies gotta contribute financially in the partnership too. Hard to survive on one’s own financially anymore due to the high cost of living all over. 👌🏻
    3
  31863. Thank you
    3
  31864. Checking out the flowers here and there😄
    3
  31865. Another really really Goode one...thank you..!
    3
  31866. the 16% are the plebs that listen to dave ramsey lol
    3
  31867. Funny thing is that that Brooklyn property (or Queens?) will absolutely sell for that price, if not slightly less. It's definitely one of a few neighborhoods I have in mind, and based on the outside gate, and doorway, I think it's a neighborhood with a specific ethnic majority makeup. Because of this, they do not care if it looks like that. They want the location. You'd be surprised by how many homes in NYC that don't have good photos, but still go for ridiculous prices. You should PM me the listing if it's still up. I'm dying to know if I'm correct about the neighborhood. lol
    3
  31868. What’s one mistake you think people make that causes them to leave Florida. After they have moved there
    3
  31869. HUD has your back. FHA extended again and expanded their relief. Day will come when banks MBS need to made whole. Disaster. Like commercial.
    3
  31870. What's your opinion on Cape Coral, Ft. Myers area?
    3
  31871. Michael Bordenaro is there enough night life and things to do there? Wanting to move to FL and been thinking about that area
    3
  31872. 👍🏻
    3
  31873. "We [didn't] know" back in 2008. But we found out the full detailed horrendous story after around 5 years later.
    3
  31874. High home prices high interest rates people have nowhere to go but to rent and be happy.
    3
  31875. you wont be able to get any insurrance in florida soon. a summer packed with hurricane will scare away any insurance co doing business in florida and citizen ins. will be overwhelmed. people will loose alot of money on property values. safer bet is a condo
    3
  31876. That water in the background was so clear it was aqua blue. Such clean water love it
    3
  31877. I have twins on the way and most rentals in KS (where we will be moving to) start around the $2.3K mark. 😭 That’s way more than what our friends pay for their mortgage for the same size house and newer homes even! But we will likely only be there for three years so we’re debating buying.
    3
  31878. I love your content. Granted, my wife and I just took a HELOC but we are going to invest in the house and do the things that will make it worth more. You are spot on with your points though.
    3
  31879. Yesssssss thank you I was looking for house for 2years now the ones I was looking at my realtor told me the truth he said certain people bought over priced houses that are now showing in the market that are messing up regular people yeah I see houses go for 120,000 that’s only worth 60-80,000😂 so yes I see I’m only 22 I’ll just wait to buy later rather than buy overpriced w. Changing mortgage 💯 thanks for video great advice
    3
  31880. IMO, I don’t see Florida crashing that bad. Too much foreign investment, to many people want to move there and so much money there in Florida already.
    3
  31881. Michael Bordenaro I plan on living like you, quality is important, so fancy/little expensive works for me. It will be my retirement home. The plan is for the next 3-5 yrs live in Florida from October thru February. I have rental properties in Vegas so I will maintain my primary residence here.
    3
  31882. Try $6500 in dallas suburbs. Yep no joke saw this the other day
    3
  31883. I like when my real estate person and my used car salesman have slicked back hair! It instills trust.
    3
  31884. He is walking in Biscayne Point. It would be nice to be invited to his home for dinner.
    3
  31885. One solution - take out a Heloc and take that money to invest in a second home in an immerging area. Rent one of the two out depending where you want to live - also there is a place to run and hide but in a place most would not suspect - Raw land withing future development districts in emerging areas just outside of major growth zones....
    3
  31886. Is it pretty impossible to find condos that allow 2 large dogs (up to 100#)? Great video btw.
    3
  31887. Gross Domestic Product and purchasing power are 2 things that have to work together. They aren't now. Guess what entity controls both? Your vote matters.
    3
  31888. I believe people have left God out of there lives. And that having these things gives them some sort of false short lived happiness almost like an addiction.We are moving back to Florida and am going to take your advice on the town of Saint .Augustine because life in Michigan can be so hard. I need a little bit of that luxury back again.But too much isn't good for the soul.Im happy with my little winter beater 2004 chevy and my 2001 Caddy is my summer ride but up here that is the only luxury We really have except living next to the beautiful lake Cadillac in the summer. So moving to Florida will be a real treat 4 us. I totally agree with the idea of setting goals.love this channel.
    3
  31889. 2:12 damn!!!!!!
    3
  31890. MB is correct. About 75% of Americans live hand to mouth regardless of income. They are financial idiots and products of a failed public education. I own (4) rental properties and see these people every day. 90% of my tenants drive newer cars than we do and have the latest $900 I-thingy in their pockets and NOTHING in their savings account. Shameful!
    3
  31891. The media is gaslighting to cover for the obvious failure that is Joe Biden.
    3
  31892. I needed this today. I’m living alone for the first time in my 59 years. Not going to lie … it’s pretty scary and depressing for me.
    3
  31893. I have two days to put in my month's notice... I'll probably leave in six months instead... in winter. I have to prepare.
    3
  31894. excellent session and info !!!
    3
  31895. I'm trying to get organized. I need a good strategy for future cash flow investments. I just don't know where to begin. Thank you
    3
  31896. Incompetence has been around in my 58 years. People are worthless at their supposed job....
    3
  31897. I agree with the majority of what you said Michael. Unfortunately for me in southern cal, If you weren't one of the ppl who already left... you're a Cali lifer.They only thing i realistically see pushing ppl out if their cush low fixes rate is job loss. Still no inventory in my buy box and elevated prices. Basically a waiting game for me...STILL... 😂😭
    3
  31898. Thank you for your videos, they are always great. I do have a question, how far out is too far out to start talking with realtors about areas etc? I don't want to waste their time but of course I am antsy to get info but our target date is a while yet. Thanks in advance!
    3
  31899.  @MichaelBordenaro  duh, I should have said I will have to sell my 2 properties in Colorado before I go. Would 5 months still be a good window?
    3
  31900. Thank you for the beauty of your very deep and sincere thoughts.
    3
  31901. Great video Michael, now come on, can't you make a video walking around in a hurricane? It's only supposed to be a cat 1, you can be like those weathermen when standing in the wind trying to report how bad the storm is, 🤣😎JK, stay safe
    3
  31902. Rates are still low, even if it doesn’t seem like it. We just got used to cheap money! I bought my house back in 2000, for 8% interest. If you talk to other people, they will tell similar stories . . . just maybe not in the last 10 years! If you have something to do, you’re best to go live your life and DO IT. Nobody can predict the future, but I can say I don’t believe this will be 2008 all over again! Lending standards are tighter, and they don’t loan money as generously as they did in the mid-00’s. I do title work for a living the last 24 years, and foreclosures are pretty low currently. I think people put too much emphasis on the rising rates, and you’re scaring people from doing what they need to do! You only live once, and tomorrow has no guarantees. Do what you want to do JUST BE SMART ABOUT IT!
    3
  31903. INFLATION IN AUSTRALIA! the inflation rate dropped from 7.4% to 6.8% in the past month and they are telling us that inflation will continue to go down. It seems like they are telling us it's time to party again and the inflation problem is solved. I find it hard to believe. Our cash rate of interest is only 3.6% which is well below that states and they seem to think they won't go much higher. We will see if the economists forecast are right, they have all been wrong so far.
    3
  31904. Nice capris mickael
    3
  31905. You go it ! I’m on way to next paradise
    3
  31906. dont pay for shit food or service love it clap clap clap
    3
  31907. In your opinion do u think a person should still buy a home with what is going on in the housing market?
    3
  31908. The older I get fast food does not entice me. I prefer a real meal at a locally owned restaurant
    3
  31909. Be safe brother
    3
  31910. I stay in hotels and airbnb. I like them both. Hotels are predictable and reliable. Airbnb can be very refreshing and unique. In the coming month, I am going to stay at an airbnb in upstate New York. The house sits right on Hudson River--my dream setting!!! It' beautiful, unique with healthy and positive vibes. They charge $ 500 per night plus other fees ( 5 bedrooms.) The hosts live in that river house. When there are guests book their house, they vacate from their house and live in another place.
    3
  31911.  @MichaelBordenaro  Yes, the house looks awesome and all the rooms are tastefully decorated. The best part for me is the abundant outdoor space, especially the Hudson River!
    3
  31912. It's such a shame Cali is so expensive. I would consider it if it wasn't for the cost of living
    3
  31913. Can you please talk about Love Bug season, and how bad is it? Thanks
    3
  31914.  @MichaelBordenaro thanks, you're awesome. 🕺
    3
  31915. Hello! I am planning on moving to florida next summer. I'm thinking about Saint Pete. What are your thoughts?
    3
  31916. What is the best deposit (percentage wise) to have on hand to put down on a home?
    3
  31917. There's a reason schools don't teach kids about money. A one hour class would say that the constitution defines money as gold and silver and explain the difference between currency and real money. The government doesn't want people to know that inflation used to be defined as the excess printing of currency, but has been changed to increased prices. This way price increases are blamed on businesses, rather than the Fed. Politicians allowed banksters to create the Fed over 100 years ago. Essentially, the Fed creates currency out of thin air and buys gov't debt, so politicians can spend. Unfortunately, there's no free lunch and the cost of inflation is a stealth tax on the people.
    3
  31918.  @MichaelBordenaro  I would love to knock down a house for location but that’s at least $200k - $400k more than a vacant lot. Wish I had the funds for that.
    3
  31919. Thanks Michael! Looks like we’ll continue our Florida vacations instead of getting to retire in Florida for awhile longer…if we live that long):
    3
  31920. Rocking those shades, but at that price point is it "safe"? Does it actually block out an acceptable amount of UV? Cataracts ain't no joke (especially during SHTF), I splurged and went with Randolphs personally...take care man! 🤔
    3
  31921. For us in Northeast FL, it's getting cold. Average temp is about 60 degree this week. Majority of us cannot time the market. You could use this formula to determine the capitalization rate or FMV of a home if you're interested in investment property. Cap Rate = Net Operating Income / FMV. If you're still interested to invest in real estate and you don't want to deal with the physical property and the whole buying/selling/renting/maintenance processes, check out the real estate investment trusts stocks or ETF. Nowadays most online trading brokers offer $0 trading on stocks and ETFs due to competition. Instead timing the market, use dollar-cost averaging to purchase shares.
    3
  31922. Pretty soon we will go back to riding horses.
    3
  31923. I am planning to move to Florida in approximately 3 years. I am considering the Clearwater, Tampa, St. Pete area. My fiance is Colombian, so I am interested in finding where the Colombian restaurants and Spanish speaking people are there.
    3
  31924. Can anyone answer this question? On the second home for sale in the video, looking at the price history of this home at one time it was on sale for $10 million and also $18 million at the same time. Did I get this wrong? Why would this happen?
    3
  31925. Hi Michael thank you for your report of you warmer city. Hahaha lol, with be 32 degrees yet now this evening.
    3
  31926.  @MichaelBordenaro  Yes, thanks. Hot tea and coffee extra blankets and soft throws I always place myself under them. But you have the beach even late at night. I do love that a little more than snow and cold air. Hahaha.
    3
  31927. This entire regime loves creating new definitions. People are dumb thp
    3
  31928. Licensed Florida realtor since 1995. Zestimates are so inaccurate it’s ridiculous.
    3
  31929. Michael your videos shows you mean what you say ! Quality of life is one of the most important thing in persons life ! I hope more people understand that ! I had a question about rental with option to buy ? Is there any properties in Miami who do that ? Or ca. You do a video on that ? By the way the ocean behind you is beautiful blue and calm ! 🤗🏖🌴🌴
    3
  31930. Presently living in Canada. Wld like to become a snowbird. 6mths here/ 6mths somewhere in Florida. Def not Miami,/ or Fort Lauderdale can't afford ...doing some research...kinda drawn to Riverview, Winter Gardens...looking for something affordable. 200 to low 300
    3
  31931. Riverview is very nice; it's close to Tampa and the beautiful beaches of the Anna Maria are only 50 minutes away. The housing prices are relatively low compared to other areas of Florida and there is much new development. Definitely recommended!
    3
  31932. No, we don’t need more inventory. We have plenty of inventory, so many are sitting empty as investments. What we need is less artificially cheap money. The flood of cheap money/low interest loans is the driver of all these asset bubbles.
    3
  31933. For every unit of credit created by a commercial bank or a central bank there is an equal and opposite unit of debt. Money is credit and credit is debt so you cannot print money without also printing debt, so there is no free lunch, all debts must be paid by either the borrower or the lender. That's just how a purely debt based money system works. Also during this process, only the principle is created not the interest. So as interest rates rise, money will become more scarce. Banks will create less of it, businesses will fail, people will get laid off and loan defaults will rise. How bad this debt death spiral gets is unknown, but one thing is certain, it is coming.
    3
  31934. Yayyyyyyy Mikey you did it niceeee!!!! im gonna pop a bottle for you this weekend lol!! quick ques can you do a vid on what you currently pay for your condo rental stuff HOA fees Etc etc my lady loved the view just now from your balcony
    3
  31935. So a higher interest rate + lower price home Is better than Lower interest rate + higher home cost Interesting!
    3
  31936. The way you’re talking about Daytona is exactly what I’ve been thinking about it! My mom loves being there though (and she was also down here in fort Lauderdale with me too since I was born) 😅 I’m excited for that new top 10 video from you! 🤩 I’ll be looking out for it.
    3
  31937. Thanks for mentioning homes and prices. By the way I like your haircut. Good to see the tail is gone. Your maturing nice
    3
  31938. Didn't recognize you without sunglasses and a sleeveless shirt.
    3
  31939. I've lived through two crashes in my life. Secret to real estate is buy low and sell high. Sounds easy but requires a lot of patience. I've been waiting 5 years already waiting to purchase my next property. It will crash again as real estate is dependent upon the income of the average buyer.
    3
  31940. Great advice…everyday I get up I try to do something that makes me smile no matter how small…we are not promised tomorrow..✨
    3
  31941. I live in Cameron county Texas and my property tax bill this year declined by over 800 dollars. 🙂
    3
  31942. Keep up the good work. Can't wait for your reporting from California.
    3
  31943. first
    3
  31944. On a side note, why are new home builders not reducing prices significantly? Are they not seeing the writing on the wall.
    3
  31945. Another great video! Michael, is there a place where you can buy a house with a distant view of mountains there? Like as if you could use a powerful binocular in a clear day... Sounds silly but is a legit question! :)
    3
  31946. Excellent video Michael thank you so much
    3
  31947. Impressed that you thinking strategically about the various possibilities these new regulations are potentially imposing a whole lot of current and future home owners..
    3
  31948. Another insightful commentary. Keep up the good work. 👍
    3
  31949. Another great video thank you!
    3
  31950. Michael I love your videos Michael I think you're the greatest YouTuber from South Florida anyway I'm worried now about my condo can die in the 55 plus community that was playing on buying remember me I'm the girl who lives next door to the Colombian drug dealers they place Spanish music till 4:00 a.m. all summer long from April to November starting at 8:00 p.m. all the way till 4:00 or 5:00 a.m. how do I make sure my calendar doesn't die I want to live in a 55 plus community called Kings point in Delray Beach I don't know if you ever heard of it before is that a safe quiet place I can't take the loud music going on till 4:00 or 5:00 a.m. every weekend I need the peace and quiet my nerves are shot I am 55 I hate to admit it I just turned 55 but and my brother he's 50 we inherited a house at the Jersey shore and we live next door to these loud Colombian drug dealers they have drug parties every weekend they're dealing cocaine I've called the cops of them many times but the cops don't do anything when they go over there and they tell him to quiet down but then 5-10 minutes later they put the music really loud again and they start laughing in Spanish and they call me crazy the crazy cat lady and all I have is two cats anyway I'm not crazy because I want peace and quiet I want to sleep at night I don't want you to going on till 4:00 or 5:00 a.m. every Saturday night the noise is shaking my house is awful the booming noises and it's in Spanish I don't understand what they're saying they're doing it's horrible I don't know what to do I want to sell this house now I do have offers on my house and I didn't even put the for sale sign up so should I just sell it to the highest bidder or what my girlfriend she wants to buy it at a discount and she feels that she deserves it at a discount cuz she's giving us money over the years so anyway she wants a big extra discount and then I have this other guy who wants to buy it at full price should I sell it to my girlfriend at the discount since I had known her for 30 years or should I sell it to the highest bidder I don't know what to do Michael what do I do I don't know what to do I owe $50,000 to this girl friend if she wants $60,000 off the list price but we only owe her 50,000 or do I sell it to the guy who wants to full price but he also wants a little bit off because everybody wants a little bit off they say they're going to pay the full price I've sold real estate in the past but then they want you know 5,000 for this or 10,000 for this discounted I'm sure he wants a few thousand off so do I sell it to her for the $60,000 off the price and this way I could always go back and visit in the future she's like family she's like a sister to me or sell it to that stranger at the full price but he's going to want a few of those and off I'm sure what do I do I wish I had the answers but I know one thing is for sure I got to get out of here by April because I can't put up with this weekend parties putting cotton balls in my ear ear plugs and having to take sleeping pills to fall asleep and having fans on to block the noise it is really crazy living here I feel bad for the next person buying the house maybe I should even sell it to that girl because she's going to get upset because she's going to put up with those stupid parties I don't know what to do I know Michael you're experienced and you're really knowledgeable you're the only guy that I can and your opinion would you sell it to the friend of yours who wants it badly who wants the house by the beach badly I think she doesn't care if she doesn't mind about the Spanish music she said it reminds of her Mexico I personally can take it anymore I would like to live in a quiet place I hope Kings point is quiet I don't think they have late night parties there it's a 55 plus community I think they all go to bed by 9:00 which is fine by me you'll find when you get older you'll like the peace and quiet what to do sell it to that girlfriend and give her an extra discount of $10,000 or just sell it to that strange guy for the full price and he's going to want just got anyway because people never pay full price they always want a few thousand off I they did this in the past when I saw the other real estate anyway I would appreciate your answer what would you recommend or what would you do thank you
    3
  31951. Have you seen the stock market this week? What’s going on? They think all is over?
    3
  31952. Michael , your brain is a gem. Thank you .
    3
  31953. So they’re going to out-law gas guzzling cars by 2035. Does this mean they’re also going to out-law private planes (which typically use as much energy for one flight as a single family home uses in three months) ??
    3
  31954. Always a pleasure watching you. Like your style.
    3
  31955. Prices are way off and people that have no business buying a home without 20% percent down payment and 3-6 months of mortgage in the bank , and an income or trade to back themselves up
    3
  31956. 1
    3
  31957. Yes, I like this style of video as it is so informative for everyone. I have a question that may seem a little weird, lol. Do you get cicadas in South Florida in the summer? I love the sound of them. Here in Southern California we do not have them like they do in Europe. Still watching and making plans to get to FL in early 2021.
    3
  31958. Love the guitar scene!! 🤘🎸😎
    3
  31959.  @MichaelBordenaro  it is! Where i live here is nothing good for the soul! Cold, dark, wet, rainy. That's Sweden
    3
  31960.  @MichaelBordenaro yeah north is good on the summer tho,i wish I could move to Florida, that's how i found your channel tbh. You are doing a great job bro. My plan is to buy accommodation and stay there when I'm in vacation
    3
  31961.  @MichaelBordenaro  brother i appreciate it a lot! Is is possible for a non-American to purchase a house there ? House should be cheaper that are more away from ocean right?
    3
  31962. Very enjoyable and informative video. Loved it. Yeah the sf area is much more lush and scenic instead of that massive flat housing tract of la with scrub brush hills. Santa monica is nice.
    3
  31963. Michael, do you think people get a HELOC because it is a huge amount of money, and in the end, if people don't come out ahead in returns from how they used it, then they file bankruptcy? So they borrow to the max then in the end file bankruptcy to not have to pay it back?
    3
  31964. Fed just raised another .75 and stock market getting slammed plus on the verge of a world War. As an investor why would i buy an asset up 55% in a year and cost of financing it doubled? Crazy!!! Next 12-18 months some great deals ahead.
    3
  31965. Happy 4th of July from Québec🎉, all the best everyone and have that by being car-free. 🎉😊
    3
  31966. Lots of stuff open till midnight …I’m a night owl
    3
  31967. Great subject!!!!!!
    3
  31968. Sellers who didn't sell back in the Summer '22 missed the last train--it's going crash and will not be coming back for 10+ years. There are no jobs to pull us out of this. People will be happy just to eat. The smart money has left or is planning to leave the country.
    3
  31969. Got to be careful about buying a house that has an older roof. Imagine a year after buying your insurance won't renew your policy unless you replace the roof.
    3
  31970. You have good content . I learned a lot from your videos. Thanks
    3
  31971. What investment would you recommend for a thirty-something with $10k? I know you’re not an advisor, I want to get real estate but 10k isn’t enough to start that. No retirement account. No debt. I don’t own a home.
    3
  31972. Great video! We're moving to Palm Coast in July. I'll be very interested to hear your thoughts :)
    3
  31973. My dad divorced his first wife because she wrote checks he couldn't cash.
    3
  31974. Restaurants cheaper than in New York
    3
  31975. They must be off by a decimal 😅
    3
  31976. I qualify for a million or so but I am not too woried about buying a house the mortgage will be at least 5 times my rent and do you really "own "anything? I feel like the bank is just your landlord andvthe taxes are forever. 🤡 🌎 😂
    3
  31977. Do you think a couple making 110 to $120,000 a year before taxes can purchase a property in Miami Beach?
    3
  31978. Awesome Sunset!! 😊
    3
  31979. I love new spots
    3
  31980. Stay safe from the fires
    3
  31981. I don’t agree with pretty much anything you say related to the housing market. Except- Air B&Bs may be toast in a lot of cities. They’re starting to implement huge taxes on short term rentals.
    3
  31982. Here in Chicago it’s turning to fall in late September. Winter never bothered me. Now I absolutely have a severe hatred for it. I have major back & leg issues & cold multiplies my pain level. But, I still have a few kids in the nest that don’t want to go to Florida. So my wife & I have to wait 5 years or so. That’s why I’d like to maybe get a condo there for the cold months since my mortgage here is paid off. However my property tax cost here will make you fall over.
    3
  31983. Michael Bordenaro my back is more than muscle issues. My disc completely disintegrated causing my vertebrae to have no cushion between them. They fused it to try to fix it but I never really got much better. 2 surgeries & multiple procedures to no avail was enough. It is what it is. Could be worse but lately the winters just unbearable. At least I can strap a guitar on for a short time & jam on good days.
    3
  31984. Good one thanks
    3
  31985. Where's MOM????🙏🏾
    3
  31986. Great information !🤔
    3
  31987. Idk what step to take on renting a house. So much change with real estate.
    3
  31988. What do you think the government and banks are up to? They are broke and bankrupt. And printing more money just makes you more broke and puts the currency in jeopardy. What is to stop them from inviting inflation to go out of control. Our incomes would all be going to food, Medical, heating, cooling and fuel. With no way to pay property taxes, insurance and association dues Do you think the banks and government are setting up a property grab to push us into a social government where nobody owns anything except the very rich. My opinion, the Fed, banks, and government are in survival mode and will destroy everything so that they can survive. What do you think? After all inflation is theft not of just cash but of liberty. Have you noticed less and less control of your own money in banks? Or the latest 1st amendment trampling from PayPal? What is really going on? Most baby boomers are on fixed incomes. But they hold 52.6% of all wealth or 53.2 trillion dollars in assets. Is this the easy pickings they are going after?
    3
  31989. Yes it's hot here in California, but the night's are quite cool now.
    3
  31990. What is the home insurance on a 78 million dollar home.
    3
  31991. Nice video.
    3
  31992. You ate welcome. Happy Holidays to you! You got better in that great warm climate compared to our Chicago over the last few days.
    3
  31993. Business as usual with big money pushing out the "little people".
    3
  31994. "No See ums", that's southern lingo for gnats, right? I never been bit by them down there. I did get bit from a tropical hookworm on the beat, that was Texas thou. Was a pretty decent video
    3
  31995. 5:55 where are those nice tree lights?
    3
  31996. Wow he was born in ‘87 😮I would of guessed in the ‘70s…
    3
  31997. Michael - Glad to hear your assessment and the assets you consider safe. That having been said, placing Bitcoin in the category of "real money" is questionable in my opinion and that of people I trust. It is a risky and unprincipled gamble, which is dependent on the internet. Gold and Silver have been money for thousands of years, and although criminally manipulated, are still defined as money in the US Constitution (Article 1, Sections 8 and 10). They are God's money. I wish you well. Godspeed!
    3
  31998. It was uncomfortably hot in Florida on December 15th and on Januaray 15th when I visited.
    3
  31999. I love your honesty. THANK you, from the bottom of my heart.⚘🌻😊
    3
  32000. Thanks Michael 👍 😊
    3
  32001. Best information man, not going to need to google much now. I'm single living in a studio right now in Baltimore for $874 a month, 550 sq ft. I havent checked out the gulf coast of florida, but I'm interesting in moving to a coastal city, not really that interested in Miami. What would be some affordable cities/beach towns to check out where I can get a studio for $800-1000 a month?
    3
  32002. I appreciate it very much guys! It seems like there are many great options down there that would cost as much or less than what I'm currently paying for a higher quality of life
    3
  32003. Great video Mike! It’s not the destination it’s the journey. Patience is a Virtue.. Important topic to talk About in this generation of instant gratification. I needed to hear this today. However your feeling, from the outside I’ve seen your growth over the past year and it’s amazing! And you have a beautiful partner by your side every step of the way you doing good BRAH 🤙 Great Video
    3
  32004. Estimates are and indication of Zillow’s financial troubles.
    3
  32005. A lot of cheap housing is so bad many have been condemned
    3
  32006. Walmart owns the land under the majority of their stores. It may make sense for them to shutter the store and sell the property if the store is "underperforming". The Walmart near me employs security guards to check your receipt on the way out, thereby reducing theft. Costco does that as well.
    3
  32007.  @MichaelBordenaro  I love your videos, keep up doing great job. God bless
    3
  32008. I like sitting and eating.
    3
  32009. There has been a big push for affordable housing in my area just so that working and trades people can have a place to live. But your right, as NIMBY is also a big factor. Working class people have been moving out because of the affordability.
    3
  32010. I would never buy in an area where most home owners cannot afford the avg home price in the area. That's the definition of overprice
    3
  32011. I am wondering if there is a camera that you can mount on your car that has even more of a panoramic view. That way, we could see even more for longer, as you drive by. I have to get back out to these areas!
    3
  32012.  @MichaelBordenaro  You can buy a mount and stick it on top of the roof for 360 videos, or on the car hood for 180 degree videos. These creative solutions along with the info you provide would definitely help the channel grow exponentially IMO.
    3
  32013. Michael you can install a charging station, but they will bill you 8K to do so, my friend in South point, was going to do that then backed out. They install them in your parking space, expensive as they need to connect to your electric panel and not the building.
    3
  32014. I agree with you.
    3
  32015. Great video!! Valid points!! The national market is trending down and it will take a few years to bottom, just like 2008. Unemployment is still low, which gives fed the green light to leave rates higher for longer. This is the new normal. Fed needs to take money out of the economy so they will pay you to save vs spend !!
    3
  32016. Where exactly are the Villages?
    3
  32017.  @MichaelBordenaro  Has to be that way. If the Fed lowers interest rates, it just creates more asset bubbles. Housing isn't the only asset that's inflated; so are stocks, commodities, services. Wall Street's new line of propaganda is that 5% inflation is acceptable. 2% inflation wasn't pulled out of thin air--it's the optimal number for balanced economic growth. Inflation higher than 2% erodes wages and benefits only one class of people: those who own lots of assets. Also known as "rich MFers".
    3
  32018. Owner is sitting pretty !’ ..,while cash is glowing and flowing in !great video Michael st. Augustine or not Florida is the place 2be enjoy this weekend with lucky beautiful girlfriend!! When we go to road trips with my boyfriend we love it even more Bc the people snd weather ......we moved from chicago yeas ago !! 🌴🌸🌴🌸🌴🌸😍 🏄🏼🍸🌈 your personality is what made me subscribe to your channel!
    3
  32019. Oh, I reactivated my Realtor® license just so I can watch with an eagle eye, in "real time', as this tsunami of short sales and foreclosures, etc. come ashore.
    3
  32020. Michael Bordenaro I know people who live near Miami and the surrounding areas are cool. Kinda like LA for Florida. People outside of California think LA is cool but once they get there they realize San Clemente, Newport, etc. is where you want to be. I’m sure Miami has its perks.
    3
  32021. Insurance is a racket- Just ask Warren Buffet. He loves insurance companies. But he self insures his own assets. But, I don't feel too bad for Florida. Insurance fraud has been going on way too long, so the Karma train has come into the station. Some honest people will get hurt- collateral damage is real. I CHOOSE not to live in FL. Happy happy joy joy. I have USAA for my insurance needs. They are a swell company.
    3
  32022. You should always save maximum when times are good and tighten your belt when they're bad. Plus when times are bad things get cheaper and vacation resorts aren't very busy.
    3
  32023. Where is the best place to be a real estate agent in Florida?
    3
  32024. Super informative video! You have answered many puzzling questions I’ve had for months. Thank you kindly🙏😀
    3
  32025. Manatees & flamingos
    3
  32026. 👍✅👍
    3
  32027. 8:50 it is a common occurrence in China where even new buildings fall down because their foundation is rubbish and it literally topples over. Buildings have to be maintained, all of them, small, large, short or tall. Obviously governments and private owner collectives of large tall buildings don't really want to go and invest the big bucks it takes to up keep the structures, governments rather go and sell the places to private ownership and leave it to be somebody else problem and a huge expense, screwing people over that way, give an old building a pretty facade, maybe redo the roof so it doesn't leak but that's about it. I mean how do you repair a deteriorated concrete slab... it's not like a LEGO to take it all apart and replace that part in the middle for a new one. Some things can be fixed, some can't. A lot of the concrete buildings from the 70s-80s at least outside US were designed to last maybe 20-30 years and now after 2000s they are well past their expected lifetime. The videos and photos of how the garage and underground overall looked in Surfside are horrid. Pretty on the outside and upper floors while ground and underground are soaked and falling apart.
    3
  32028. I enjoy your take on the market. I would be interested in your thoughts on North Port FL. I have 3 rental homes I am putting on the market this month. 2 of them have tenants with 10 months remaining on their lease but all agents say that it doesn't matter, the market is so hot and inventory under $300,000 so low that they will sell with the renters. Your thoughts would be appreciated. It appears homes under $300,000 in North Port FL are going under contract in days.
    3
  32029. Hi Mike, one of my favorite videos, with living in Miami Beach myself years ago everything you said is correct. I miss it..
    3
  32030. Would you happen to be considering a roommate?
    3
  32031. How do you hold that camera so steady?
    3
  32032. I agree what you said
    3
  32033. I own my house free and clear and the county clerk would inform me of any changes. Title Lock is a scam too. Also I don't call 911 like the sign in your other video. They can come and try to move in but they ain't leaving.
    3
  32034. The powdery white sand continues all the way through Alabama. My family spent our summer vacations in Gulf Shores, Alabama. Silt washing down the Mississippi River is the source from what I understand.
    3
  32035. Similar routine cept I setup my coffee before I go to bed and I also do intermittent fasting (keto), I’m hoping you get 100K ASAP!
    3
  32036. Stoked about this!
    3
  32037.  @MichaelBordenaro  Do you wear sunscreen? i found it barely even works here
    3
  32038. You are talking about refinancing interest rates but what about property taxes. If you are already locked in via homesteading your next purchase's property taxes won't be so low?
    3
  32039. A real soft landing means a long recession. If we don't have a dramatic reset(crash) then a soft landing is possible. Which means a slow increasing pain for awhile .😬
    3
  32040. Congratulations to you both! That is fantastic news and very sensible. We wish you many happy new memories in the condo. 👍🇬🇧
    3
  32041. Florida is a preview of what the insurance industry (now it’s really Wall Street finance aka re-insurance) is going to do, to every American that is occupying their residence. Driving real citizens (not corporations) out of home ownership completely, being hit by global finance’s new long term agenda, where corporations own everything and citizens (as finance’s consumers) are driven out of ownership completely.
    3
  32042. Another great video Michael! I definitely noticed the difference and I appreciate you letting me know about your other YouTube channel. I’ll be checking it out soon. Enjoy your time in California.👍🏻😎
    3
  32043. Aw man, I'm so happy for you! Thank you so much for this video bc I feel called to be in FL too. God bless you! And yay for love! But wait- you said "wife" at the end, did you guys elope in the last 5 minutes? Lol ;) Best Wishes! :)))
    3
  32044. Thanks!
    3
  32045. All top Telcos are lying off employees, just FYI
    3
  32046. That's an amazing sunset! Very beautiful beach. It's now part of my bucket list..lol I liked the creative efforts and enjoyed seeing the natural beauty of this island. I think a little drone action here would've been the perfect compliment
    3
  32047. Hi Michael, I'm from Germany. Thank you for this kind of video. It's very interesting, what is going on in the US for me as an investor in US-stock-market. I ask me, what an impact all this could have on US- REIT-vehicles.
    3
  32048. A house, but not in Florida. Excellent analysis. Thank you.
    3
  32049. Can you do a vid on regular rentals vs senior apts vs retirement communities... thank you. I'm looking to retire in Florida. Haven't decided on the area as yet.
    3
  32050. Erie, Colorado is obscenely overpriced…I’ve been an investor in Colorado for 40 years…at this point it’s all over 🤦🏼‍♂️
    3
  32051. Homes in Central Florida are still put on market for ridiculous starting price, so many people moving to Florida from job relocation or working from home that some of these homes in the 700k range that once were 4-5k are actually selling which is amazing…hope the market goes back to pre pandemic but im amazed how a new home comes on the market at 7-750k is it the owners greed or just agents thinking they can get it???
    3
  32052. Interesting video.
    3
  32053. So true!
    3
  32054. NYC and NJ people are moving to Florida and paying BIG BIG prices in cash. I don't see how it can crash. I hope it goes down a lot but I don't see it happening.
    3
  32055. Can totally relate. To go on vacation you have to leave your normal comfort zone. The only vacation we seem to really enjoy is going to Gatlinburg in The Smokey Mountains. It is just so different than Florida.
    3
  32056. Gary is cheap because it’s falling apart
    3
  32057. Data is data until the run for the exits commences. Seen this dance before. Yes, willing buyers, especially if cash, will gain significant leverage and will apply it.
    3
  32058. We the people have all the power..wow just said this about boycotting paying taxes but 1 of your listeners said you first..that's a typical cowardly answer..takes a united front but folks choose to live in fear
    3
  32059. I got married in the Neighborhood Church on the Cliffs overlooking Redondo Beach , they used to have a nice little grotto in the Cliffside directly down from the Church .
    3
  32060. Last catastrophe in south dade was hurricane andrew in 1992
    3
  32061. I love your videos. You are very knowledgeable and pleasant. On another note: I’m a drummer so I couldn’t help but notice some of your guitar gear in the background. More is better. 😂
    3
  32062. First time home buyers can still enter this market. Where they choose to enter it is their fault but there is definitely tons of affordable housing out there to be snagged up. If you make 30k/yr do not expect to live where people typically make $100k/yr ... common sense... Or rent! Rent and then increase your income somehow.
    3
  32063. Totally off subject, but nice contribution to CQA earlier. Personally, I think the car market is an overall bellwether. That said, I think when new Ford F150's ( not Lightning or special edition or anything) start selling around 65K or under, then prices in other sectors like housing will begin to normalize. I also think a 9 month lagtime from the auto market to other sectors should be factored in.
    3
  32064. Thank’s Michael Now I have a realtor in Miami :) I look at your web site. Cheers!! 🤩🌴
    3
  32065. Lol!! 😂 I don’t know about Russian mob but it’s mostly Russians who bought properties there and run businesses! I lived on a ocean front building on Collins by Aventura mall for a year close to my job, I did not notice anything in fact at times was kind of boring no restaurants were open after 10:00 pm. But The location is very safe specially being by Golden Beach! In fact many neighborhoods have their own type of ethnic culture and style . Sunny Isles is no different! I’m sure you know lots of those condos only accept cash no financing that’s probably why Sunny isles got that reputation! Is actually called “little Mosco” ! So happy to have found you :) Are you in LinkedIn?
    3
  32066.  @MichaelBordenaro . I'm looking at real estate in FL. Not sure where. Looking in Punta Gorda at the moment. Keep up the good work bud.
    3
  32067. Thumbs up to the longboat key listing and the first of the two Venice listings. Also thought the Naples listing was nice, if you need only one bedroom. It sure is a different rental market versus the old Florida days, back in the 70s and 80s when my family would vacation down there.
    3
  32068. Love your videos, and keep up the good work.
    3
  32069. Michael as I said before the fed had to choose between Wall Street or Main Street and it looks like because political pressures they are choosing to kill the bubbles instead of letting inflation to go wild. Let see how long they can keep up before something major breaks and they reverse course. If they reverse course and start printing again buy commodities gold and some other value stocks because the dollar is going to the toilet in therms of real purchasing power.
    3
  32070. We’re in a recession now…
    3
  32071. Not anymore!
    3
  32072. Just 2 years ago I was paying $1300 a month, two blocks from the beach, gold community, 1700sqft condo. Now I'm looking at paying $2200 on the mainland! I know people's income is not going up anywhere near the rates of these rental increases. Something's got to give.
    3
  32073. What happened to the hydrogen 🚙 cars?😊
    3
  32074. A) Yes, people should pay their bills, so that others don't have to. But try telling that to politicians that do not want to fund the IRS so that they can collect taxes and investigate fraud. Guys, those taxes that the IRS are not collecting, you are paying them, so think about that. B) If all deposits are guaranteed, depositors will simply flock to the banks that offer the highest interest rates no matter the bank's (lousy) business practice (like SVB, which was borrowing short and lending long), because, hey, my money is safe so I might as wall take the risk free reward - it's called moral hazard. C) The BRICS (Brazil, Russia, India, China and South Africa) have some of the worst economies in the world, the most inflexible financial markets and the highest levels of corruption too. There is no chance they will be "taking over" from the mighty dollar anytime soon. D) For politicians who oppose digital currencies arguing that the "surveillance state" will be coming for you; sure I see their point, but don't be blind to the fact that these guys want to hide their own illegal or murky money flows. For example, where did Lying Santos get his 750000 dollars from for his campaign? We all know Florida is one of the most dodgy places when it comes to money and fraud, so no wonder the push back coming from there. PS: Bitcoin is probably the most easily traceble "currency" that exists, every move is written in the ledger, and its close to impossible to be anonymous unless you buy bitcoin from a guy in a dark alley.
    3
  32075. The cars in the driveways are nothing special. Tells me that residents are average people. They own homes and not looking to relocate.
    3
  32076. Michael…the absolute truth happening here in Phoenix!
    3
  32077. "Another Pleasant Valley Sunday. Here in status symbol land". I am sure you will find this ancient classic amusing... and maybe even suprising. It's on you tube. "Pleasant Valley Sunday".
    3
  32078. Florida has lost its charm. Too packed, too expensive.
    3
  32079. Anther great video. Unfortunately people are going to have a hard time changing jobs right now if they want a raise and have to relocate and sale their house. I haven't seen the statics on which class of people are getting the large raises. But I think in general professionals are not seeing large raises unless they transfer to another company. Also when the unemployment starts getting high again in the recession, a lot of people who work from home will either lose their jobs or have to come back into the office. So its going to be a double whammy with the house supply when we see unemployment get high again.
    3
  32080. Wow , what a beautiful house. Enjoy it.
    3
  32081. Nostrdamas was only a man. Don't worry about him
    3
  32082. I see. You had something semi-concrete but weren't aware at the time.
    3
  32083. If the first home is still on the market it’s most likely wood frame construction,many buyers are shiny away.
    3
  32084.  @MichaelBordenaro  You already know this stat, but 64% of Millennial buyers regret their home purchase. They bought too-small fixer-uppers in less-desirable locations that need a lot of work, and now they'll be stuck with them or will have to walk away if they lose their jobs or get transferred. I hate getting a house that way. It's a scarcity mindset when in fact we have an overabundance of houses. I live on a cul-de-sac, 18 houses, all rentals. 7 are being held vacant by their owners. That's seven houses that could be sold to somebody and make this a real neighborhood. Nobody stays here longer than 1-2 years. No point in getting to know the neighbors when they could be gone tomorrow.
    3
  32085. I’ve heard good and bad things about California. I just got back from visiting my brother who lives in LA a few days ago. He has an apartment near the coast, and he says he’s doing fine financially, and doesn’t really have any problems. However I have a friend who moved away because of the high costs. But my brother did say that if things ever got too tight he would move to Miami.
    3
  32086. Michael Bordenaro Thank you.
    3
  32087. Those people who owe , let’s say $2,500. They should go get a loan and make payments. If they lost it because of past due taxes they were either stubborn or uneducated.
    3
  32088. As a broker in Idaho Montana California the agents in Idaho Montana the most unethical back in 2000
    3
  32089. WHAT!!! 😯😯😯
    3
  32090. The Age of Ripoff has replaced the Age of ...whatever it was; the monsters behind this Ripoff Economy must be something! 😬
    3
  32091. Happy Easter 🐣🐰
    3
  32092. Congrats on your 3 yr anniversary! thanks for all your helpful information 👏 🎊 You're right about waiting if you feel like you need to. I finally saved up enough money to put a down payment on a small house or condo in FL but I finally put my last dime of savings away just as the prices started to be inflated so now I'm still saving up even more money for a down payment because the amount I saved is no longer adequate and I find at least in my case it's hard to find a job if you want to move down there when you live out of state.
    3
  32093. I have no words of wisdom to say. My heart breaks for your neighbors. You have such a great outlook. Hang in there and it will all work out.
    3
  32094. Thats crazy I moved here in 2008 as well, I'm a first generation immigrant from Haiti, I've been really loving your videos, I grew up here, poorer middle class and idn't get to experience more of the fun stuff of florida till i got older, which is now, I'm moving closer to Miami for school and ur videos have been super helpful
    3
  32095. Im leaving California, the taxes and no job here. I want to live out of California
    3
  32096. Great content. I hope the ibuyer business/speculators lose and get burnt in this round of corrections. Too much mal investment not based on fundamentals. I know of no commodity that can have an increase this quickly that is based on real fundamentals. All of this is caused by the federal reserve and gov't (all central banks and gov'ts---not just US). I still think it will take a while to correct the housing market. Real estate is payment (ie debt based) for the majority of the market. It also does not move down fast as far as pricing (it can go up fast but goes down slow)---reason is in a hot market, sales happen faster and inventory turns faster. In a downturn the sales slow, transactions slow, and the comps take longer to adjust. Higher rates will mean lower sales prices, especially after an unsustainable hot market we just saw in the past 2.5 years. Inventory will remain lower than normal as people are now locked into their sub 3% mortgage (people are trapped by their rate at current prices)--they cannot make a lateral move to a similar house without a huge jump in their mortgage payment. Inventory will open up as layoffs increase. The only folks that will sell are those that must sell or those who got in over their head in the rental and air bnb markets hoping to flip instead of cashflow. We are still in an easy money policy from the Fed even with laughable ~4% Fed Funds rate by end of 22. Mortgage rates will be 8% be the end of the year especially if the Fed unloads their mortgage-backed securities they bought up during the pandemic. BTW, most folks don't realize that there is still student loan and mortgage forbearance occurring. Fun times.
    3
  32097. That is funny.. 9 O'clock Good night Irene. Fitting song for Lizzy. Happy
    3
  32098. FDIC insured $250,000 in each bank all accounts combined (not each account)
    3
  32099. I couldn’t agree more with this video!We all need to speak up!! This is getting out of control. Absolutely terrible to watch this happen. Please everyone, speak up!! Let’s turn this around
    3
  32100. Wow! That place is beautiful! I’m so happy for you two, hope you enjoyed your stay. Looking forward to seeing the Florida adventures!
    3
  32101. Love the walking tour! A few of the houses remind me of the ones you would see up in Massachusetts were I used to live. And love that Medieval home/castle! Very beautiful town!!!😍 Take your time releasing these awesome videos and enjoy your time with Lisi!!! Love this adventure.🙌🏾
    3
  32102. Awesome thank you. I like this approach and philosophy...
    3
  32103. Appreciate these videos!
    3
  32104. Well, I wonder how long these dipsticks who like to print inflation are going to let this 5% selloff continue in the markets. They usually like to start up the money printer at 5% pullbacks. That's all we need is some more printed inflation. Oil prices today are front running a possible money printer invasion.
    3
  32105. Once inflation peaks, housing pricing will follow. We are not there yet.
    3
  32106. Hahaha yoooo that's awesome 😎
    3
  32107. how do u do that smooth zoom in when a picture is displayed during your video, what is it called? like this 3:11
    3
  32108.  @MichaelBordenaro  thank you!
    3
  32109.  @MichaelBordenaro  Nice playing. I love Miami & South Beach, been going there since I was a kid, even got stung by a Port Man-o'war jellyfish at the beach there. You do realize that South Beach is gonna be under water in the next 20 years. Summer flooding. Little Haiti is being bought up now cause it's on higher ground. BTW I LOVE Versailles Rest. in Little Havana, can't beat that place!!! YUM (and their coffee)
    3
  32110.  @MichaelBordenaro  GO. Best Cuban food, IMHO. It's a whole block, they have bakery too, if you're still hungry. You read chord charts? Play cover stuff?
    3
  32111. All of these layoffs are part of Jerome’s pain plan.
    3
  32112. OMG man, if the 90’s was sentimental for you, you would love what I do. I am an architect and have a company in London and I renovate period buildings from around 150- 250 years old. I always keep the original features and bring back to life the old charm but in modern way. I also write articles on HOUZZ magazine giving advice to people on how to deal with the issues related to period buildings. Now I am writing a book about the subject and That’s why so many are surprised that I want to move to Florida since I love old buildings so much. Anyhoo, the TV 📺 was epic- gosh the times when we had only one ☝️ button for tv 🤣🤣🤣. I also loved your story about the tenant... it just comes to show the reality of a business rather than just the bling and shiny objects. That was very very important thing to post...👍🏻
    3
  32113. Michael Bordenaro very delicate. For the client it is not only a financial but also an emotional investment so It is a very sensitive subject. Believe it or not....most of my client are actually from the USA 🇺🇸
    3
  32114. Really like that pupper at 2:14 ❤️
    3
  32115. Well, I live in Florida, watching someone tear my state to pieces will be fun!
    3
  32116. And you were flirting with the idea of moving to California? Lmao. If you don't like taxes California is definitely not where you want to be
    3
  32117. Great video, Michael! I have never been to this beach, but have heard it is nice. You showcased it well. I will have to get up there and check it out some sunny day! :-) I love Northern California so much! I would love it if you did a video on the culture of California (or culture of Northern California). That would be so great! Also, glad you and Lisi are taking a nice long trip. Also glad that you are considering expanding your real estate license to include other states. You do a great job and provide a great service! :-)
    3
  32118. 72 degrees I grew up at Hermosa Beach age 9
    3
  32119.  @MichaelBordenaro  you're exactly right. Next year we will look at 22k as a steal! When we hit 225k in September we will come to town and toast a glass of wine from our new yachts😂
    3
  32120. Another good video. I learned a lot from your journey across Florida. My goal is to be in south Florida, ,would love to be able to use Florida as a a home base and travel to see the nature, learn of the diverse cultures and history of this world. Florida can be a paradise for all different tastes, this sentiment keeps coming to my mind. This diversity of landscape and cultures is part of the charm. Everything is extra sparkly in the Sunshine State. Keep them videos coming. You are doing a good job keeping us on a learning path about Florida with an entertaining style and upbeat vibe.
    3
  32121. Great post
    3
  32122. Another great show! Thanks
    3
  32123. Hey Good morning Mike it's me Vinny again . I mentioned to you a short while back and mentioned how you look like an old Goomba of mine who's been living in the Dallas area? Well he was just here in my town I live in Albuquerque and he is a native born from here. Anyway he is in a transition of moving from Dallas and moving in retirement to Colorado a small community in the Southern part of Colorado near Wolfcreek . Anyway when he stops back in here ? Im showing him one of your video's and tell him ? You remind me? Of him when he was a better looking guy lol 😂😂😂 Anyway take care . I wish a lot of these cities across the country wasn't so blasted high in cost. I will though make a trip one day to Florida . Ciao. ✌😎
    3
  32124.  @MichaelBordenaro  well he hasn't seen the video as of yet but I'm going to show him and tell him ? I see the resemblance . Anyway hope you and your family down there in Florida are staying safe and healthy amid this very unusual time with the virus activity. Stay safe and as soon as I show my friend Dancin Dave ? I will let you know what he says. Ciao.
    3
  32125. Michael Bordenaro thanks 😊 I subscribed to your channel!
    3
  32126. Ahhhh what can ya do 🤷
    3
  32127. Love your insight, nice to see North port getting a mention, looking to move there in the next couple of years from the UK, so your posts have been great, we have family there already, another place that aint too bad is Port Charlotte , and like its closeness to Englewood beach which is my favourite after Siesta Key. Keep up the good work Fella, and all the best.
    3
  32128. wow beautiful I was thinking of moving to cali but florida is more affordable and tropical. I would miss the mountains though...
    3
  32129.  @MichaelBordenaro  I went to Miami once it was soooo nice all the streets and stores and colors and beach and florida smells sweet and beautiful. im from manhattan and ive always imagined the city as a tropical one and how nice that would be in the dark freezing windy winter! what is winter like in florida? 60 degrees?
    3
  32130. I work in the AudioVideo industry. Basically I used program audio video control systems in large boardrooms training rooms conference rooms for these Fortune 500 companies. One of my big fears and why I got out of that industry and moved to show/theme park industry it's because of all the empty offices I was seeing. Empty buildings don't need big board rooms, big conference rooms and training rooms anymore. Some of these plases can habe hundreds of rooms.
    3
  32131. Well Said.....The investors are devouring the housing supply....something needs to be done.
    3
  32132. Thank you for the video. Why are the 40 and 50 year certifications a nightmare?
    3
  32133. 👍👍
    3
  32134. They have lost there mind..that house is hard pressed to be 500 k...eveyone wants to get rich off of one home sale..😂🤣😂🤣😂🤣😂😂🤣
    3
  32135. property tax, mortgage, maintenance, home owner insurance.... the 4 horsemen of home ownership cost. if you own a condo than HOA + the oher 4 things i mentioned. $$$$
    3
  32136. Move further West, to paradise.
    3
  32137. There are so many places to build in California, but “they” don’t want house prices to be balanced or affordable
    3
  32138. Your videos of paradise always are captivating. Yet if you want to show the thunderstorms and rain, then feel to do so. Hopefully while dancing in the rain ;)
    3
  32139. To the point Michael, thank You!!! I’ll spread Your word.
    3
  32140. Michigan car insurance is ridiculous $195 2019 ford f150 or $145 2013mazda 6 a month. Registration for both is around $375
    3
  32141. Thanks Mitch
    3
  32142. Didn't inflation just go up by .5 today?
    3
  32143. Thanks mate
    3
  32144. U should be suprised Mikey... your videos are more informative and honest than anything on Google👍🏽👍🏽👍🏽
    3
  32145. If you bought in the last 2.5 years your upside down. If bought in the last year you are WAY upside down
    3
  32146. Palm Harbor is a chill place! Very beautiful
    3
  32147. Welcome to the SF Bay Area. Bodega bay may be cooler fyi
    3
  32148. You know what blows me away? In surrounding suburbs outside the Twincities, the majority of new home construction is 2000-3000 square feet 4-5 bedroom and most families now are 2-3 kids if any. These homes are huge and even with better insulation, it's gotta cost a lot more to heat and cool. Then you have longer commutes which adds to more time in the car and additional cost of gas. Lastly our culture has the mentality that your 1st house has to somehow be your dream house, I say you buy a smaller home and build equity so you can upgrade as your finances grow. Worked for us, our house and cars were paid off years ago. Now I get to work on those home projects as I'm retired.
    3
  32149. Inflation is just getting started, yall, the fed can’t stop it without totally crashing equities,,, it’s a shit show..
    3
  32150. Where in Florida is there less snakes and alligators?
    3
  32151. You can go over 30% as long as you are still investing 20 to 25% of your income into retirement and live within your means and have no debt
    3
  32152. The last thing we need here in the US is for a foreign investor like China to come in and buy all the single family homes. Recipe for disaster. As it stands, we buy too much from them already.
    3
  32153. I was living in Hawaii back then, married, on Maui a( makawao) great 3 bedroom house, $113,000 offered to us with an assumable loan. My husband wouldn’t agree to buy. It worked out in the end cause I had to divorce that abusive ……..in the next couple years. 🎉Thank you always for your dedication to bring us the reality.
    3
  32154. I'm a HOA/condo attorney in Texas. I'd love to collab on a video or do a short interview regarding HOA and condo issues to be on the lookout for as an investor.
    3
  32155. Mike - Enjoy your channel from The Villages in the central Florida retirement belt. I am yet another Michigander who moved to Florida about 2 1/2 years ago. I don’t know if you are aware of The Villages or not. I am 62 and still quite active. But I’m certainly one of the younger homeowners in this 55+ 6community of over 100,000. And it’s still expanding south and east. This spring and summer I plan to take some exploratory trips on over to your neck of the woods.Obviously I’m looking for a bit more excitement in my life and I do miss living in a normal population where the average age isn’t north of age 75. Still quite a serious tennis player but starting to dip my toes into Pickleball. I know your expertise is with condominiums. The monthly maintenance/amenity fees seem astronomical to me. What is the governance of a typical condominium maintenance authority? Is it controlled by unit owners (non-profit) or is it A third-party which is paid to do the maintenance and also make a profit on top of that? Or is it handled by a remnant of the original condominium builder as a steady source of income?
    3
  32156.  @MichaelBordenaro  Thank you for the timely and comprehensive info. In the event I find some thing over there I want to bid on, I’ll bring you in as my agent. Thanks, Doug
    3
  32157. It's almost like it was a trap people that moved into a low paying state and brought homes there now might be layed off and they say they will find a new job good luck might even take a 40k pay cut.
    3
  32158. If people don't like what you have to say they can turn you off is that simple you don't have to be the one to change anything❤
    3
  32159. There are more homes in the US than there are people, housing shortage is the biggest lie of 2021
    3
  32160. I love seeing comments towards people moving to Florida from the North saying stuff like how they should vote lol do they really think someone that's been a Democrat or Republican is going to all of a sudden change the way they view things politically or we are full comments! Give me a break this is a free country people can move anywhere they like and think and vote the way they want! On another note people that move to Florida and tries to compare it to the state they came from like the food, Weather, or anything else Stop it! each State is different
    3
  32161. Housing market crash is not coming, high interest rates and high homes prices, they don’t care about people, homeless rates is high, the population will decrease because it will be too expensive to have kids
    3
  32162. All of my HOAs (2) are on my Chase Card. Over 100k points and counting.
    3
  32163. I think there are more people looking at condos than homes, but probably covering Tampa, WPB, FLL, and Miami would have the greatest interest (maybe Orlando as well, though I am not fond of Orlando). Condo HOA fees are also a big additional expense when you own (probably factored into the rent as well), but I know a lot of folks forget to add that in, just like property taxes and insurance (flood/hurricane insurance is often required, too).
    3
  32164. do you make money from representing someone who needs a rental? if so i'll hit you up when i'm down there. i'll be there in june.
    3
  32165. Michael Bordenaro - Sitting here rewatching this walking tour and thinking..., how nice it is to not only enjoy the visual beauty (love it when you show us the flowers), but to listen to a fellow native, "salt of the earth" Illinoisan who speaks truth, sincerity and sanity. So refreshing. Your videos are, at least for this man, a truly great escape. I moved away from Carlinville, Illinois (Pop. 6,500) at the age of 23, lived in seven different states before finally making it to gorgeous Florida at the age of 55. Keep up the great work Michael. Your videos are always a pleasure. ~oO(Peace)Oo~ Ps. If I could make a suggestion, I would ask/remind the audience to hit the "Like/Subscribe/Notification Bell" much more often than you do. Either verbally or with popup graphics. Just trying to help... Ps2. Say hello to beautiful Lizzy for us.
    3
  32166. If your wanting to know the neighborhoods, join their towns Facebook groups and ask if a certain block is safe or not. I did the same thing for my move and it helped greatly.
    3
  32167. Raise the price?! That's crazy!
    3
  32168. I've done a little traveling in my time, and spent almost 10 years abroad in Sweden. I choose to live in the country of my birth, even if it's not the culture of my birth. Fortunately, I'm situated in a near-perfect place, especially in the times to come. There is no prospective bugout, foreign or otherwise. We will die on this land.
    3
  32169. Lots of traffic
    3
  32170. Your grandpa and I had our insurance raised from $2300 to $7000 for our home in venice
    3
  32171. ❤ save your money if you have any ❤
    3
  32172.  @MichaelBordenaro  Thank you for responding. We are looking into apartment complexes so they say they are not allowed to take extra money beyond the guideline.
    3
  32173.  @MichaelBordenaro  Thank you, I switched to doing what you said, who h is looking into condos and town homes, don't like what I see so far. Also to be honest I am nervous about renting again. I guess I like the idea of getting an apartment in a complex where no one is in your face. You have portals that you can login and pay your rent and just keep it moving unless you need to get somthing repaired etc or you encounter other issues such as with packages etc. But if that's what we have to do then we will give it a try.
    3
  32174. Any suggestions for people like me who make 30,000-40,000 a year, looking for affordable rentals???
    3
  32175. Good Review video ❤
    3
  32176. Constructive Opinion: The joker painting is kinda distracting...
    3
  32177. I've been enjoying your outdoor scenic yet informational videos. It's especially nice to see people on the beach, when all I can see in my locale is the snow! One observation on a previous video- when you walk beside a hedge of bushes or shrums, say along a sidewalk, it creates a lot of sideways motion on the video and leaves the viewer dizzy. The videos in open spaces are. More enjoyable to watch. Keep up the good work! Thanks!
    3
  32178. Great winter beach day for sure!!!beautiful !! Can you make a video to tell how many beaches from Hollywood to South beach and the features for everyone of them? Like vibe, sand, style, parking.... etc.
    3
  32179. He had already done some Beach Reviews in the past. Check it out on his beach reviews playlist.😉😎
    3
  32180. Great vid
    3
  32181. , happy birthday and congratulations!!
    3
  32182. This country is all about making someone pay for someone else. Singles pay for families. Employees pay for business owners and Renters pay for Homeowners. Good Drivers pay for bad drivers.
    3
  32183. Well, John just won't sell
    3
  32184. homes being sold now have massive “shadow discounts” that don’t show in the final sold price. Buy downs, rebates, etc. no one is paying the inflated prices today They should change this so all these discounts are shown in the sold price, people would be amazed how much less people are actually paying for homes right now after factoring in all the shadow discounts.
    3
  32185. Correction, it includes bond, housing, cmbs, auto loan, tech sector, and stock market. Pandemics made the everything bubble
    3
  32186. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 I’m so Jealous ❗️ Yes I live in California but I sit here in my porch with a heater and a jacket because it’s just COLD 🥶. where I live here in Paso Robles it gets really HOT 🥵 AND REALLY COLD 🥶. But watching you walking around in a tank tap makes me really jealous of where you are. I would like to move out to your area but I’m just not familiar with the different areas. Anyways….. That probably explains your attitude and being kind of kicked back in life. Would love to visit. Have a great weekend my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  32187. Also what do you think about the interior corridor of Florida.
    3
  32188. The driving factor and increased demand the last two years was primarily from investing and second home buyers. That demand has now dropped to pre 2020 levels and they’ll be the first to cash out or sell out of necessity and won’t be effected by a rise in interest rates. They don’t need to buy again nor will they have access to the easy capital they had previously. Another significant buying trend the last two years was FOMO from first time buyers and we pulled future demand in that category. You don’t need a lot of inventory increase for prices to drop if demand drops further than the relative increase in supply. If 2 million homes for sale was a balanced market in 2019, we may only need 1 million homes for a balanced market in 2022. With foreclosures, evictions, and new construction, we can easily see that this year.
    3
  32189. The real question should be - are buyers paying more for newer buildings since the collapse? And conversely, are sellers accepting less for older buildings since that time?
    3
  32190. Good point about medical expenses
    3
  32191. Just the beginning bro! Like and subscribe guys!
    3
  32192.  @MichaelBordenaro  haha I'll get your preferred wine list soon
    3
  32193. I've lived in the Fort Lauderdale area for 22 years, in Sunrise, about 10 miles inland. It's beautiful, but I would not recommend this area, and I want to move when I can. Presumably due to global warming, it's become about 3 degrees hotter here, and the heat is now oppressive except in most of January and parts of February and December. We used to have almost 4 months in the 70s, now just 1. I'm starting to have to use the AC a little even in January. The traffic in Miami is terrible and some drivers are insane, and in the last 2 years or so my area has become the same. I've been around most of Florida, and where I would recommend and may move to is Flagler Beach, on the Atlantic about 30 miles north of Daytona Beach. I was only there for an afternoon, but I instantly fell in love with the place. It has a Bohemian feel to it, and there are no buildings on the beach side of A1A, unlike other places, so there's the view of a dreamy expanse of the beach and ocean for mile after mile. It's considerably cooler than here, I was there in late June and it was pleasant, here it's a steam bath in the summer. The average high is supposedly 67 in January, a bit chilly for my taste, but it's probably warmed up there too. The chance of hurricanes is only 1/3 of here. However, I'm retired, so I don't know about the jobs situation there.
    3
  32194. South Florida needs at least a 50 percent correction.
    3
  32195. Your best video yet
    3
  32196. Hi Michael, Long time no see! I don't know why but your videos have not popped up in quite a while. In any case, because of one of your past videos Marc & I have visited St Augustine a few times, are getting married there April 9 (yes in 8 days), and are moving to Ponte Vedra later this year after we retire. Thank you so much for sharing your travels and your sensible opinion with us.
    3
  32197. Rent it or lose it!
    3
  32198. I appreciate this honesty! Thank You!
    3
  32199. Listening to that first story makes me so glad I used the pandemic to get out of debt and put money away. What a nightmare.
    3
  32200. You absolutely nailed it on millennials not making that avg income and having well over $100K in student loan debt. They have no chance! My partner is a millennial and falls under that income avg with student debt over $120K
    3
  32201. I'd pretty much have all my photography clients pull thru for shoots and call it a day 🙌 beautiful apt Can't wait to move down in November 🙏
    3
  32202.  @MichaelBordenaro  no doubt my man! I'll be a short drive away in Ft Lauderdale ☺️ NY has been good to me over the years but I'm craving the sun all year round goodness. It reminds me of Rio de Janeiro when I lived there...very similar lifestyles!
    3
  32203.  @MichaelBordenaro  😁 Me too man! "Legal" I also prefer out here. I'll look to start vloggin again, once I get there. Your videos really helped me out man. Abraço 🥂
    3
  32204. You know they're tripping on LSD when they say that the housing market is not going to collapse
    3
  32205. I found a home at a pretty good price. Told the seller that he had no 3 pct to pay a buyer agent so i asked him to sell it to me at 97% of asking. He thought i was respectable and let the deal happen that way. It was winter so i wasnt competing with moms and dads during summer break.
    3
  32206. Absolutely correct sir
    3
  32207. Is there specific things you like to check out? Historic areas? Adventurous places? I also suggest, Anna Maria Island. Its connected to Longboat Key. And Amelia Island, near Jacksonville. For an adventure... Devils Den and also the historic town of Micanopy both near Gainesville. Cedar Key near Gainesville looks very unique, but Ive never been there.😁 Also, do you like recommendations on where to eat?
    3
  32208. Thank you Michael 👋🏻
    3
  32209. Once people stop buying overpriced stuff, inflation will go down and they can cut rates
    3
  32210. I am so glad you are finally in the panhandle and making exciting and enjoyable discoveries! Yea, Michael! Also, those trees are Spanish Moss.
    3
  32211. Lol. Has anyone been antcy for winter? I lived in Hawaii for a few years though so I know the feeling.
    3
  32212. Grest video Michael.
    3
  32213. Ur shirt says ur republican. Jk bro. Good vid.
    3
  32214. First class videos Michael. They reflect knowledge, experience, creativity and integrity with no hype or obnoxious up-selling. You are giving the world a valuable gift.
    3
  32215. That’s funny! The Biden Admin is addressing money laundering! What about themselves ? What about our money going to Ukraine???
    3
  32216. I lived in Coconut Creek FL in the late 2000s. Those houses now would go for 500-600K or more. Unless there is a serious crash like in 2008, those prices are gone forever. Apartment rentals have gone to the moon too. I lived at Waterview apartments at 3621 W Hillsboro Blvd in a 2 bedroom 2.5 bathroom townhome and we paid $800 for it back then. Same unit now rents for over $3000. Crazy town!!! I had a great paying job and $15K saved up, was ready to buy a condo for 30K with 10K down when my brother begged me to move to Seattle to help him out. I did and been stuck here ever since. All my money saved went for the move , renting an apartment for us and lived on the rest for a year before getting a job because I was pissed off that I had to leave my beautifully planned future because I love my only brother. Even though he's an ass and doesn't deserve any of it.
    3
  32217. I agree with you but it gets tough with a family, it takes time to synchronize yourself from being single to becoming a family person... and juggling work, family, other responsibilities and goals....but like anything else once you become proficient at multitasking a little bit, then it gets easier to handle more activities... it’s almost like learning how to ride a bike.... at some point you just get it and more importantly you feel it! ( your mind or brain gets linked to your feelings or heart). Me still working on it! 😅
    3
  32218. Thanks, I agree, unfortunately I decided to get ambitious and go after my financial goals after starting a family ... go figure that one!!! You seem to be doing it right! Financial security first!!! and enjoying life prior to those big commitments. Me and my family are planning to relocate to Florida at some point next year but first we are trying to fix our rental so it can provide a little income to us.
    3
  32219. Thanks for the comments but not proud, just thankful and content that I am able to provide for my family through this crazy times... quick question, have you ever been to the Charlotte Harbour and Punta Gorda area, if you have how do you consider this area for a family of 5 with little kids under 8... just wondering all my options in Florida and preparing to target an area so we can check it next year or maybe sooner...
    3
  32220. Thanks Michael!
    3
  32221. I really enjoy your style and content. I have been following you for a few month's. I live in north Idaho and daydreaming about Florida as I shovel a path of snow to get to my car. Would love to buy as I know how much the rents are there right now. Would love to work with you.
    3
  32222. Horse capital of the world baby yeehaw 🤘
    3
  32223. Great deal 20 years from now 👍. Not for the next 10 years no
    3
  32224. They want to crash it because they want to keep everyone working. Happy Friday Michael!😎
    3
  32225. Thanks for the video! Can you share why you don't like it if a place has carpeting?
    3
  32226. Michael Bordenaro and I forgot you asked if it changed my view on where to buy or avoid in Florida and I’d say absolutely!
    3
  32227. I watch your videos for the RE info + I love the florida Architecture
    3
  32228. Hey Mike, while you get people waiting for things to get better, prices of real estate are going up, and dollar gets devaluated more and more on a daily basis, do you feel any guilt?
    3
  32229. 23116 SW 56th Ave, Boca Raton, FL 33433, this one was bought by opendoor in June for 540k, list it back at 652k after 11 days... Hurry up, come and get it people
    3
  32230. Do Brentwood, Hollywood Hills, Hancock Park, Beverly Hills, and Belair if you can get in
    3
  32231. Lovely 😍💋 💝💖❤️
    3
  32232. Exciting! Can’t wait to see the footage from your road trip 😎
    3
  32233. Hi Micheal, I was wondering have you visited Cape Coral? If so, what are your thoughts as far as living there, thanks! Love the videos. Great info for people planning to relocate like myself or for people that just want to visit.
    3
  32234. We are moving to the Villages in October. Do you like the Villages? What do you like about it? And don't like ?
    3
  32235. I really enjoyed this video. Your personal take on Miami, interspersed with comments on your life and career path, is educational and entertaining.
    3
  32236. Your dad could be your brother. He looks so young.
    3
  32237. Jetski tour next?
    3
  32238. Battle of the doom and gloomers Michael vs Edward Ph.D.
    3
  32239. I think it doesn’t matter who is in control. The Government and many States are corrupt. It’s up to families and individual’s to look out for themselves. The worst thing the Government ever did was invade the lives of families and farmers. What the world needs now is control of all of our own earned income.
    3
  32240. Really great video Michael. 👍 As we get older..we learn more and more. The final point about getting too comfortable is great. I am always asking my husband what goals do we have this year? It helps strive for something,instead of just being comfortable. I wouldn't regret the vacations..I understand the point you were trying to make(I hardly go home to MI myself) but family time is priceless. Brazil gave you memories. Some of life is just about enjoying the moments. Hopefully some of these young whipper snappers take the great advice on this video.
    3
  32241. Why not head down to the beach MB? Maybe you'll bump into a German in Venice.
    3
  32242. I guess we should start getting the cheapest roofing shingles made since we all may be replacing our roof every 10 yrs.
    3
  32243.  @MichaelBordenaro  no problem, thanks for responding😊
    3
  32244. Not everyone can do this, but carrying a set amount of cash for yourself each week helps to budget how much you spend.
    3
  32245. Tax the rich?!?! Why! The government gets the taxes! Not me! The government starts new wars, gives the money to Ukraine, so yes, I don’t trust the government either!
    3
  32246. Cool trip be safe always.
    3
  32247.  @MichaelBordenaro  Are you getting the highest quality replacement parts? They cost more but are always worth it.
    3
  32248. I like these comparison videos once in a while. Makes me feel good about the work I’ve done
    3
  32249. Ledger has some great sales this weekend!
    3
  32250. Check timeshare rentals also!!
    3
  32251. You need to do a natural springs tour.
    3
  32252. Smells like stagflation.
    3
  32253. Hi Michael, I own a home in California and have some cash on hand. I want to eventually rent out my California home.. Can I buy a second home in Florida and use my job in California to qualify? I would only need to borrow $100,000 max.. Do you have to have a job in Florida first in order to qualify? Thanks!
    3
  32254. Based on the facts that you mentioned what would be an ideal annual salary to live in Florida?
    3
  32255. Then why the stock market went up again?
    3
  32256. As you age the novelty of a new purchase wears off very rapidly
    3
  32257. Bouganvilia Michael.
    3
  32258. A follow up video would be interesting!
    3
  32259. This park is absolutely beautiful! I love that you did your walk-and-talk in this beautifully serene area! Great topic today, Michael!!!
    3
  32260. Were in California and my wife is selling houses like crazy, but we're in rural California on land and water, everywhere else has shut down in the mid range.
    3
  32261. MIchael it's the truth people just don't want to realize it just one late car, rent payment a emergency from getting behind the eight ball and i just snowballing. Thanks for Sharing.
    3
  32262. My home insurance went up $1,400 this year. Can i get some of that deflation?
    3
  32263. Thanks, Mike, for videos. We enjoying watching them. Have couple of questions about realestate and moving to Florida - how can I contact you. Thx
    3
  32264. Let’s watch the whole video before assuming things...
    3
  32265. I've been watching these velocity banking vids which feature helocs, and they can work because the Interest payment is based on your average daily balance which is mafe lower because you deposit your earnings into the heloc. Idk for sure though.
    3
  32266. For me I enjoyed this type of video
    3
  32267. I live in Illinois now, and my wife and I are retiring in Florida. We have a ways to go until retirement, but we want to retire there. We both hate winter, and love the beach. I actually love Illinois, but I hate the cold. That's enough for me to move.
    3
  32268. Thank you for your wonderful comments about Miami, we love it too 😎
    3
  32269. it seemed like you were saying that the hope is for pre cough* levels but in many markets including california home prices were already overvalued in 2019 it was just an extra punch in 2020. in my market normal appreciation would be around 2017 prices but thats not the case its somewhere around 55-65% overpriced with a markup of 130% in 10 years
    3
  32270. This administration and mainstream media have been lying about the economy for almost four years. Now the truth is rising to the top.
    3
  32271. I grew up in Melbourne, Fl. Really miss it sometimes. Don’t miss the crime or the tourists though. I am a 7th generation Floridian but I will probably never go back.
    3
  32272. You're right some of your videos are like walking back in time to my childhood in Puerto Rico 💜💜. I love this video lots. I'll have to put this on my bucket list on my next visit ooorrrr when I move down☺️
    3
  32273.  @MichaelBordenaro  Trying to convince my wife to GTF out of CA and go to FL.
    3
  32274.  @MichaelBordenaro  We have friends we visit in J-ville... she complains it's hot, humid, and has mosquitos and bugs... and she's from the Philippines!! Where it's hotter, more humid, and has bigger bugs!
    3
  32275. Hey Michael! Where do you sign up for the membership?
    3
  32276. great informative video, keep more coming. good job
    3
  32277. I stay on back beach road laguna beach
    3
  32278.  @MichaelBordenaro  yeah. No matter where people move to, your always going to find negatives. I'll do plenty of research prior to buying or building a house in Florida. I'm from new york but live in Virginia. Plenty of things I hated about new york. I'll never move back even if i won the lottery. Lol
    3
  32279. Very informative video!!!!!!!!!!!!!!!!!!!!
    3
  32280. Hi Mike what do you think is the #1 seller why people gravitate to Florida as a relocation destination besides weather ?
    3
  32281.  @MichaelBordenaro  Ahhh now I know. Hello Fresh has a very dubious reputation where I live but thx for the clarification
    3
  32282. Best place for riding motorcycles? Like a place with lots of twisty roads?
    3
  32283. I watch for several reasons...1) I'm from that area and I like seeing my old stomping grounds. 2)I've always been a real-estate junkie 3)you remind me of my son that has passed. Same name too. Mike
    3
  32284. All that matters is the terminal rate, which right now is projected to basically be at 5.xx% for all of 2023. Ain't nobody borrowing then!
    3
  32285. FL vs CA: In the late '80s, I was in my early 20s, looking to relocate out of New England, and started looking for jobs in CA and FL. And by 1990, I had turned down two very good job offers - LA and San Diego; and accepted an excellent job in Miami. Ten years later, I was in Gainesville, FL finishing up grad school and, again, looking to CA for my next job, only to turn down a good offer and relocate to the Chicago area for a very good job. Chicago lasted two years before I took a 40% pay cut to return to FL. My career and salary growth have never recovered; and now I'm looking at retirement in about two years. No complaints, but sometimes I wonder how life would have turned out had I accepted one of the CA jobs way back in 1988 and bought some real estate.
    3
  32286. Congrats on your move! Hope you can get your family to move down too! lol Oh how nice it must be to have a good governor!! (I have Kate Brown!!!)
    3
  32287. Can you do a video about Southern California's housing market - it's getting wrecked!
    3
  32288. Another nice video Mike. Still thinking about moving to another part of FL within the year? I know Florida is mostly a flat state as I’ve been there many times. Have you visited any mountains in FL even if they weren’t that high up?
    3
  32289. And to think my family laughed at me for buying a fixer upper at $120k in 2008 and now homes on my block are selling close to $400k now. The best part is that my house is remodeled and paid off.
    3
  32290. No electricity and water for 5 days? Here in Puerto Rico I when without water for 2 months and 8 long months with out electricity thanks to hurricane Maria. Anyways, ill be moving to FL on February 2021, thanks for the video!
    3
  32291. It was horrible and a lot of people died thanks to the corrupt government, FL is my second home and can’t wait to get there, nice Metallica Tat btw.
    3
  32292. Good presentation.
    3
  32293.  @MichaelBordenaro  You're on my radar should business activities prove successful after this election. Look forward to chatting with you.
    3
  32294. OMG, my son used to play soccer in that park! ❤
    3
  32295. Who knew Michael was into URBEX.
    3
  32296. Anyone here watch Dollar Vigilante (banned from the tubes). Michaels style and intellect very similar
    3
  32297. It's very pretty and so much green .......nice to have millions and good for them.
    3
  32298. My pet peeve is when they photograph the bathroom with the toilet seat up! LOL Always great videos. Happy New Year !
    3
  32299. Massive stimulus being given to ukraine and iilegals.
    3
  32300. Thanks!
    3
  32301. Nice video. But owning condo (especially condo on Miami beach) is really bad idea long term. Generally condos become ever more dilapidated as they age and HOA costs keep rising into death spiral. And condo owners own no land. In Florida, global warming will raise sea level and much of Florida will be under water.
    3
  32302. Great tour thanks! Looking forward to watching a part 2
    3
  32303. Paid mine today. $1200 increase. 🐴💩
    3
  32304. Good video
    3
  32305. Dose it matter if you buy a new or used car ing FL, instead of bring your car their ?
    3
  32306. Hi Michael — just subscribed. Really am enjoying a lot of your vids so far. And of course I am seriously considering relocating to FL after having been there many time. I noticed a lot of homes have electric stoves. Where I am from it is natural gas. Is Florida soil preventing natural gas pipes?
    3
  32307. Good to see you and Liz.. I've had St Augustine on my bucket list to check it out because on one of your previous videos you indicated St Augustine as somewhere you would consider living... Thanks for taking us along and sharing great info as always.... BTW dude... its like you getting younger...
    3
  32308. Your videos are amazing ..so I live in Boston and I hate the cold , I have been thinking about moving to fl for the past 10 year ..I am just so scared of taking that move cause other than the weather I have a good life and business here ..I just don’t know if I’ll be better or worse leaving ???? Any advice
    3
  32309. Another great video! Thank you!
    3
  32310. Merry Christmas Micheal! Thanks for the beautiful view of Miami at Christmas time! Love it!!!!
    3
  32311.  @MichaelBordenaro  Not a fan, lol! One thing you might want to do in the future is flash a quick FL state map up with a highlight of the area you're speaking about. I knew the area of most of them, but not everyone will know where in FL these places are. Thanks again for your videos!
    3
  32312. You cannot make everyone happy. No use trying. Thank you for your positivity. You left one out! Don’t come to Florida with liberal, left leaning politics! You left your shithole forthat reason.
    3
  32313. Thanks for the constant updates an ur opinion on things Honestly i appreciate ur time an ur insight Thank you !
    3
  32314. Hi Micheal and Lisi you guys are awesome! Keep up the good videos Mike.
    3
  32315. The what it is no insurer will cover the property. No loans will be available in a building without insurance, boards will be incentivized to comply. If they don’t values will plummet. Tax receipts for the county will plummet and they (the counties or cities) will come up with local programs to support the loans for reserves and repairs. Floridians across Florida shouldn’t pay for what is mainly a Dade, Broward, Palm Beach, Pinellas, and Sarasota problem.
    3
  32316. Thank you Michael.
    3
  32317.  @MichaelBordenaro  You are welcome. Thank you for sharing.
    3
  32318. I own my house outright…so not too concerned with where the current mortgage rates are. And I can’t get too worked up because my first foray in home ownership, I was dealing with a rate of 17.5%.
    3
  32319. Still not seeing much in the way of price drops. Sellers are keeping prices up in my general area, which is Central Upstate NY. Guess sellers are still trying to get top dollar.
    3
  32320. Good observations. Enjoyed the video
    3
  32321. 3:42 Me
    3
  32322. 10:18 They advertise as Water resistant which, means it's able to resist the penetration of water to some degree but not entirely.
    3
  32323.  @MichaelBordenaro  Try doing the rice trick as well. Get a zip lock bag, fill it with rice and just keep the phone in there for a while.
    3
  32324.  @MichaelBordenaro  Ah yes the iPhone 12. Look up Marques Brownlee on youtube. He's the best one to look up on new phone stuff. He just recently did released a video of what expect from the iPhone 12.
    3
  32325. Mortgage companies are starting to go after people for PMI to cover themselves for a market decline. They sent me a letter saying I got to pay PMI and moved the number from 20% to 22%. My house is well over 30% but how many won’t catch it 🤷‍♂️
    3
  32326. Moving to St. Pete. I'm planning on securing a job before I leave. Anyone work at the Bay Pines VA?
    3
  32327. legend has it that he is still driving right through it.
    3
  32328. I always love hearing these stories and your commentary on these houses for rent. That crazy asking price for just that lot on the water is ridiculous!
    3
  32329. lots of crime in Daytona beach? is it safe to live?
    3
  32330. Surprise! The truth about humans is that they are not rational actors. Low interest rates are no match for human messiness.
    3
  32331. Shoot back in College days 1980, my rent was $125 or less a month in WA state
    3
  32332. Every year the homeowners in my building vote against paying reserves and currently there are none. I disagree with it and vote for us to have them. Based on what you said, does it mean that in 2024 homeowners will no longer be able to vote against not paying for reserves? Love the videos. Thanks for keeping us updated.
    3
  32333. Thanks for sharing Michael! All great topics. In a hypothetical situation, I'd rent before getting locked into a mortgage. Vacation vs living there are two different things. I think it's best to feel things out first 👍 Living 20 minutes from NYC, we have insane over-population. The most dense area in the country. I did notice south east FL is starting to move in that direction. Which is good and bad. The mindset and political climate is the polar opposite though. People are actually fleeing here and other states just to be under Gov DeSantis. In fact, my best friend just put his house up for sale. This is a real reality of what's happening right now. Wages are a little lower down in the FL. With the cheaper cost of living and lack of state tax, it's all relevant like you said! Plus you have to factor in living in a tropical paradise and a potential better quality of life 👍I've been working remote since 2019. In a hypothetical situation, I'd try to leverage the flexibility in my field. Whether it's a current or new position. Personally I'm a little biased towards the south east coast. It's close to the Keys, the beaches are amazing and there's lots to do for a single dude. I'd have to go home at night to a quiet area though. I'm not sure that exists anymore in that part of FL. At least for the average and middle class.
    3
  32334.  @MichaelBordenaro  500k sounds reasonable in a decent community in today's market. Right now freedom is a big commodity and driving the market down there. Plus it's a very desirable place to live. Up here realestate is insane due to the proximity to NYC. We also have the highest property taxes in the nation. Shopping is more costly as well. You'd really have to dig into the numbers to get a clear picture between the two 👍🏻 Personally I think it almost evens out or may slightly favor FL. Btw this is all hypothetical. At this time I'm enjoying my visits down there and still figuring things out 👍🏻
    3
  32335. Hello, has Rakuten started to send out cash back payments for the current quarter or not yet? When does it reflect in the PayPal account?
    3
  32336.  @MichaelBordenaro  yup it’s PayPal so it will be tomorrow then. Thanks!
    3
  32337. Thank you kindly for sharing! 👍🏻 I’m sorry for your loss. 🙏🏻♥️🕊 May God Bless You & Keep You! 🙏🏻✨🕊 *New Subscriber ♥️
    3
  32338. in canada also trudeau sending ton of money you know were..in the mean time people cant feed there kids..plus im not even talking about the hospital situation..its e mess
    3
  32339. out of the 22 which ones are your favorites
    3
  32340. We get cloud breaks in Washington State too. LOL! I'm planning to relocate to Florida. Not interested in beach front
    3
  32341. Michael, great job and a great search. Do you have an address or an MLS number for the one on the beach? You should be getting your real estate license. I'm in Chicago Illinois thank God you got out of here it's socks
    3
  32342. Great analysis. Thanks
    3
  32343. One simple investing principle I have with the stock markets is from Jerry McGuire: show me the money. And by that I mean dividends. Dividends are the only element of accounting that cannot be fudged and is not subject to tomfoolery. Everything else is. So I would say a company like Google or Amazon would be a potentially fraudulent investment. Why? They don't have a dividend. I don't care what their financial statements say. I don't care about their quarterly earnings reports. That's all garbage. Take a company like Coca-Cola, on the other hand, and they are beyond a shadow of a doubt legitimate. Why? They have paid a dividend for the last 60 or so years like clockwork. You cannot do that unless you're actually making money. When I invest, I want to see dividends and I want to see a long long long history of them. Otherwise, forget about it. If more people thought the way I did, companies like FTX or open-door would never exist. I'm having a lot of fun watching all of the fallout from the FTX debacle and I have no sympathy for anyone who got played.
    3
  32344. We are totally seeing a drop of sales here in Ontario Canada. Homes are sitting and much less if they aren't in pristine shape. And prices vary a lot.
    3
  32345. Worked as RE agent in NYC...I wonder, if you can make some $ doing the same on open listings in FL?
    3
  32346. Congratulations and Happy 1st Video Drop Anniversary!😁👍
    3
  32347. Spot on!!!!!!
    3
  32348. how much do you think the housing market will drop, need to sell house next year to move to Florida. I live in Fort Collins Colorado.
    3
  32349. Hopefully next year will be good. I will be ready next year. I am over Colorado I need the ocean. Hate the cold. Thanks for the reply keep up the videos.
    3
  32350. Thanks for the reply. Take care
    3
  32351. If intereste rate goes up, mortgage goes up, then people cannot afford to buy a house then need to rent a house and can drive rent go up Then you said the salary cannot afford the rent. There must be a balance there because people always need a place to live not matter buying house or renting a house Do you have any idea about where is the balance?
    3
  32352. how do you search for houses that have been on the market for 60 days or longer
    3
  32353. Florida beaches are better cause the water is more calm and it's more clear like a pretty turquoise, and in the winter time you can actually swim cause it's warm year round, socal beaches are nicer for surfing but the water is darker, has more sharks and it gets too cold during fall/winter months.
    3
  32354. A lot of sellers like this home owner here need to have their brain-checked.
    3
  32355. Do the banks consider a YouTube income when applying for a mortgage?
    3
  32356. yes video san francisco - doubt you'll go into tenderloin
    3
  32357. Wouldn’t say house prices are booming in the north east. I live in Connecticut (Darien) and we didn’t see the huge price spikes that places in Florida, Arizona and Nevada saw during covid. Sure prices went up but not significantly so. In fact prices had been dropping slowly since 2013 so the increases in 2020-‘is 2022 just reversed that decline. Now with interest rates at 7% most folks aren’t putting their homes on the market so the restricted supply means we won’t see any big price drops (sure some folks were in bidding wars and overpaid - those same folks will get a shock when it comes to their new tax valuations due this year where I am!!). Hartford the capital of Connecticut is way too far to commute to New York and slightly better to get to Boston but prices were very cheap there anyway - mid/long term prospects are poor and Connecticut itself is hugely indebted per capital which doesn’t bode well for the future - that’s despite Ned Lamont the governer smugly saying how well Connecticut is doing - it’s hilarious
    3
  32358. 🎉🎉🎉🎉🎉
    3
  32359. GET THEM OUT WITH GOONS , LIKE BACK IN THE 80s .
    3
  32360. From the looks of all those yachts times are not too bad for some people. Definitely did not look like the struggle bus!
    3
  32361. I flew down to Miami fron NJ a couple weeks ago and I felt I just stepped into a sauna.
    3
  32362. And there we are again. First of all, people that make 200+ a year are over extended in general, particularly in cities like Miami. Now that they do not want to recognize that they are broke, that is their privilege. But when you make 200K a year and you spend 220K a year, you are broke. More money you have or make, more you spend, faster you get broke. many people in big cities like LA , NY and particularly Miami like to show what they are not! I think that is a very Hispanic thing. And I lived in many South American countries for a while. If you make any amount of money and spend more to keep a fake standard of lviing, you are broke. If you have not paid your rent, Mortgage etc for the last 1 or 2 years you are broke, regardless on how much you make and which state you live in. Now a real point is Miami. Miami is considered to have the most repossession of Planes, Boat and expensive cars due to non payment in the country, what does that tell us.?
    3
  32363. ⭐⭐⭐⭐⭐
    3
  32364. Beautiful and educative content...
    3
  32365. The question is when does the FDIC insurance fund run out? They've paid out $30B to two banks and has only about $90B left. You don't want to have your money in the 2nd big bank to fail. Won't be any FDIC money for depositors. When do bail-ins start?
    3
  32366. How are you all paying insurance and property taxes
    3
  32367. I bought in Cape Coral Oct 2019. 1400 sq ft Condo $180K canal front. Selling now for $380K. FOMO Buyers are stupid. Thank You.
    3
  32368. Pick your poison high home prices or high interest rates with high payments.
    3
  32369. What do you think of satellite beach or cocoa beach?
    3
  32370. Every Boomer I talk to plans to live forever. Their generation never was strong on grasping reality.
    3
  32371. Hi Michael welcome to CA, please visit Palmdale, take a 25 cent tour of out Aviation History.
    3
  32372. Hahahaha.. I was just laughing..It was only 39 degrees and cold windy today. Thanks..
    3
  32373. Awesome video! Love the way you budgeted everything! I live in Boston and those budgets are super affordable compared to here. I’ve gotten used to being frugal were I can, could probably bring those budgets lower and still enjoy Miami Beach. Lol.
    3
  32374.  @MichaelBordenaro  You’re welcome! Yes, they are very realistic and it’s good you used past personal budgets too! I’ve been thinking of making change and Miami is in the list!
    3
  32375. You are so handsome Very insightful video and very helpful community comments
    3
  32376. Great video! Thank you. I've been watching your videos. I have been wanting to relocate to Florida for a whjle. I'm hoping I get a job in Florida and can relocate.
    3
  32377.  @MichaelBordenaro  Yep exactamente, even though everything closed so early, lol.
    3
  32378. Brother what more can I add to your video or what can I disagree with? Everything you are saying is exactly what I have been thinking. I try so hard to find something that my opinion is different from yours but there is nothing. I have zero experience with real estate but only life experiences. Awesome video!
    3
  32379. Informative and reassuring
    3
  32380. I finished this video. Awesome. Thanks for the tour.
    3
  32381. How long are you in CA for? Coming to LA?
    3
  32382. @Michael Bordenaro Florida should hire you as the official spoke person. You do a fantastic of promoting Florida.
    3
  32383. I honestly didn't know Florida had little Islands other than the keys. Loved the trail. It reminded me of prehistoric times, or what I imagined it to be .
    3
  32384. Michael, I just discovered your channel and I love it so much. Your videos are so interesting. It’s like listening to a close friend. 🙏🏼
    3
  32385. Hi sir please keep doing adorable tours
    3
  32386. Keeping everyone affected by this tragedy in my thoughts and prayers 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏 God Bless Law Enforcement Firefighters EMTs First Responders Public Safety and Their Families
    3
  32387. I like Miami Beach too but google Miami Beach flooding sea levels -there is a real problem.
    3
  32388. Big Don sorry but u can Handle it Kid..Just tink how many people can Pay Out $100,000 Cash in Three years for Ins and healthcare ? Did save my BC ass to Buy another day.. In Miami u need a Score card to know what's going on and U had one.. 😁😁😁😁
    3
  32389. I'm seeing it in Central Florida "Orlando, Volusia County" also, especially in New Smyrna.....on one street about 20 houses went up for sale right after IAN...that's just one street
    3
  32390. Great and informative video. Thank you.
    3
  32391. I looked out my window for birds, then realized they were in your video! I love your walks!
    3
  32392. Bingo! We sold on April 12th, 2022. We bought in 2017 for $216,000, and sold for $447,000 (asking was $400,000). Currently scouring about 12 states daily within a certain price range for $ only or minimum loan.
    3
  32393. Classic Bear trap. People take a while to change their mindset. The market goes down and people rush in 'buy the dip'. Still though, this charade is going to be primed by the FED, I really think that they'll continually stimulate the market with dropping interest rates and QE even when faced with inflation in the background.
    3
  32394. Michael, it sounds like the apartment management was extorting you.
    3
  32395. Good signs for the economy Unemployment is very low Bad Signs for Economy Student loan payments resume in a month, Lending is tightening the most in a decade, interest rates are the highest in over a decade, credit card debt just skyrocketed past 1 Trillion, Federal tax revenues dropped by 150 Billion compared to last year, consumer debt is going up 13 times as fast as the last 10 year pace.
    3
  32396. Spider just in time for Halloween!
    3
  32397. Yes I agree , it reminds of2007 ? . I wonder where it will end if it does
    3
  32398. Had to call roadside "assistance" last year like 3 or4 times. Each time it took them over 3 hours to come and pick me up!
    3
  32399.  @MichaelBordenaro  I agree, LA also has its crazy 😆 Both places are special in their own way. I loved seeing gators and other animals in Evarglades😀 The nature is beautiful in FL.
    3
  32400. Wish I purchase a lot sooner. I save over half of my rent each year. That accelerated my savings so my next place will be paid for in full after I sell off this place.
    3
  32401. Miami is the NYC of Florida, so certain things are going to be more difficult, tougher, and definitely more expensive by Florida standards. It's just more urban. The Tampa Bay area is a great compromise. You're spot on in that Southern California definitely has a greater variety of regions and climates within a 12 hour drive. I would grudgingly concede that it's the land of the ultimate day trip, but Florida is a close second. If you drop a pin almost anywhere on that map, and draw a circle 100 miles in radius around it, you still are close to a wide variety of things to do. A lot of what you're saying as far as orderliness is concerned is a matter of law enforcement, pure and simple. The cops just don't put up with it, and so you don't see homeless camping at the beach en masse and trash strewn RV's parked near your $600k house. California's laws attract that stuff, and it's one of the trade offs which compensates for the bias toward older people in most of Florida in terms of entertainment. Unfortunately, great restaurants are a thing I'd also miss returning to Florida from Pittsburgh. Places where the restaurants need to appeal to locals are usually better in this regard, but service is also a factor. Pittsburgh service is actually great, in most cases, compared to anywhere in the Southeastern US I've ever dined. I imagine California is a lot better in that regard too.
    3
  32402. As long as you buy and hold for 7 to 10 years you will always win in real estate
    3
  32403. I love our walks!
    3
  32404. Great List... Thanks for sharing!!!
    3
  32405. Michael, I'm from Beaufort SC which they've just established is the oldest settlement in America, whereas St Augustine is the oldest Continuous settlement. You like St Augustine--you will love Beaufort & Charleston! However, in the past 5 years both are changed so much with the explosion of people flocking to the Coast. Sad 😪
    3
  32406. Only Joe Biden feels good about the economy that he fxxx up😂😂😂😂😂😂😂
    3
  32407. Saw an idiot runnig with a mask, not moving there LOL.
    3
  32408. Michael you’re doing a good job in calling it like it is…hopefully the masses are paying attention to your videos….The tremendous amount of job losses, decreasing income, bills going unpaid, increasing interest rates, increasing prices from toilet paper to whatever….all leads to disaster for our beloved nation….However, we must continue to commit billions of dollars to foreign aid and to fund foreign wars so that we can live without worrying about foreign aggression on our soil….make sense??
    3
  32409. I had a mortgage rate of 6.5 on my current home. I refinanced at 3.3 and pulled 100k out and lowered my pmt. I took that 100k bought a rental then refied and pulled my cash back out. It produces 450 positive monthly. I am now building a new home and will live there for free after I rent my current home. In 3-5yrs I will then rent the new home and repeat.
    3
  32410. NYC and big cities exodus move to FLA and NJ. NJ moving to.FLA.
    3
  32411. The home here looks nice. The back yard tree is nice. But no garage is a little problem so yes a car port would be nice. Nice tour.
    3
  32412. Stay safe from Ian!!
    3
  32413. My first mortgage in 1996 was 7.5%. Welcome to the real world people.
    3
  32414. Looking cool here.
    3
  32415. So up $100k from a year ago
    3
  32416. Thanks for the videos Mike. Very valuable info. And yes I noticed the Mesa straight away.. nice rig. Not sure if your neighbors agree. Lol
    3
  32417. I have been in central FL for 18 years and the only significant hurricane was Irma.
    3
  32418.  @MichaelBordenaro  the issue if livingi not central FL is we can be impacted by multiple angles. Depending how the storm comes.
    3
  32419. Fisher island views.
    3
  32420. that $40K deposit/phony paperwork thing doesn't sound like buyer's remorse, that sounds like major fraud in furtherance of a criminal endeavor...
    3
  32421. You stopping in Houston
    3
  32422. I stayed at that exact Holiday Inn Express off I-75 like two nights ago!
    3
  32423. Good Morning Michael!!!
    3
  32424. With Carvana it all about enriching the CEO
    3
  32425. We like to take long weekends, unless we leave the country.
    3
  32426. Thanks!
    3
  32427. Do you have any blue mirrored shades? Would be nice to see a variety. Maybe your viewers can start sending you sunglasses.
    3
  32428. Great video man
    3
  32429.  @MichaelBordenaro  question how bad are the hurricanes I'm playing too move too Miami soon
    3
  32430.  @MichaelBordenaro  like how often does Miami experience hurricane irma types
    3
  32431.  @MichaelBordenaro  oh than perfect thank you so much man have a great day stay safe from this virus
    3
  32432. Congrats
    3
  32433.  @MichaelBordenaro  Thank you for the nice comments.
    3
  32434. Fun fact: the villages are full of swingers.
    3
  32435.  @MichaelBordenaro  word on the street is they put different colored pool noodles on their golf cart and that indicates what they're " into"
    3
  32436. DENIAL, that's a river in Egypt??
    3
  32437. Thank you for the video! I live in Rockford, IL area and planning on moving to South FL, after many visits, as soon as I sell my condo. I'm sick of the long, dreary winters. There is nothing like the tropical air! Thank you again!
    3
  32438. What are the property taxes on one of these?
    3
  32439. It should be large on everything for $5, not small this and small that... I mean if you really want to get people back don't be so cheap.
    3
  32440. FWIW, Texas is starting from a position of having 7 million more people. That's more people having babies. Also, Florida has a larger percentage of people who are beyond child bearing years.
    3
  32441. 2:00 minute mark. Totally Agreed!!
    3
  32442. You misunderstand what they’re saying about insuring the deposits. The depositors themselves pay. They can charge the people with over 250 could pay additional premiums
    3
  32443. Thanks for the lending lesson. Very inrormative.
    3
  32444. I want to live in your neighborhood 😍
    3
  32445. If you're losing sleep over being able to swing a home purchase something is seriously wrong. 😒
    3
  32446. The reason why the stores are closed is because there in No one Walking around
    3
  32447. Hello Michaels again it’s me. I need your advice on this. Rakuten all of a sudden suspended my account without prior notice. Whenever I try to log in I get a message that the account credentials that I entered don’t match the Rakuten account I am currently signed in to. I contacted cs but in vain as they referred the issue to the specialist dept. Do you have any idea why does this generally happen? Was someone trying to hack my account? And would Rakuten activate my account again because I have seen a lot of people complaining about their accounts being suspended and terminated when their cash back is due!
    3
  32448. Michael Bordenaro how would I do multiple fake sign ups? I also found people mentioning this! But how would this happen I referred a couple my friends and family and they did qualified purchases. I don’t get why this has happened :( all of my family and friends’ referrals are done through their accounts which aren’t totally mine. The only thing I suspect is that I have recently referred my niece who moved in with me a couple of months ago to join tech school. We have very close emails because she is named after me. Don’t know if this could be a reason!
    3
  32449. Well this is to keep you posted! Rakuten solved my issue. It turned out to be my niece’s account that confused them. They consolidated her account and suggested that she makes a new one while keeping all her purchase history and adding it to the new one. They have also reactivated my account. Good cs. Thanks!
    3
  32450. We know the problem but no solution . This will keep going on .
    3
  32451. Great job Mike!
    3
  32452. That’s why you should own a company! You may be a remote worker but your still a worker!
    3
  32453. Love quiet 😍
    3
  32454. lol nice shout out to clear value tax! Another channel i subscribe to.
    3
  32455. Beautiful! I liked it a lot, not sure if I'd live there though.
    3
  32456. To be fair, San Rafael is another sanctuary city and is overrun by immigrants. There is even an old apt buildings by the marina runned by the city housing them.
    3
  32457. Heard the exact same from Miami and S Florida residents when I was in Miami over the winter - that locals hit the beaches in the summer rather than winter when tourists turn out and that the. Thanks for the water temp info I’m with you. We’re pretty much agreement 90% of the time or more on beach life issues.
    3
  32458. ...and I'm Joe Isuzu.....
    3
  32459. Please do a video purely showing houses for sale and telling us the price and price history of them, I find it fascinating.
    3
  32460. What device are you using to keep your phone steady while you walk and talk?
    3
  32461. Great video... Beautiful neighborhood
    3
  32462. So 10,000 immigrants a week that sneak threw that dont have a clue how things work, in the U.S.A hmmmm!! Now you guys in cali and FL. NY. are off your rocking chairs. maybe go home and enjoy what you worked your butts off for, And relax! Mike you nailed it take hands off or fingers get the message across to the masses. Ill pay taxes for the docotor bills to fix them up. So when I see someone walking around with no hands or fingers Ill know who Im dealing with.
    3
  32463. Wait till student loans come back
    3
  32464. They’ll also buy these companies like Zillow and others for Pennie’s on the $$$. They’ll own the whole real estate market
    3
  32465. I was looking to buy in Miami Beach and I have to say that overpriced doesn’t begin to describe what’s going on with the realestate market!
    3
  32466. PS: praying for you all in the name of our Lord and Savior Jesus Christ!
    3
  32467. Nice video!! Looks like the area we're leaving in Wisconsin. Experiencing those crazy winters is one reason we're moving :)
    3
  32468. Going to Florida for spring break in the past was normal but now it’s impossible.
    3
  32469. Thanks Michael for informing us and saving so many people from these terrible scams. I feel so sorry for those who didn't know these scams exists.
    3
  32470. 13:15 Its probably more realistically over 10% and has been over that for the last 3 years. Enjoy the Decline 😎🍿
    3
  32471. We live in a capitalist society, but it seems the housing market at the moment is a zero sum game. You got in before the price hike and are happy and you have people that now cannot afford. Housing should not be a winner and loser game
    3
  32472.  @MichaelBordenaro  Will the insurance cover the cost of the Hurricane damage?
    3
  32473.  @MichaelBordenaro  I will have to research and see if these types of insurance are expensive
    3
  32474. The first one is in the hood
    3
  32475. Thanks so much for this information. Greatly appreciated. I have a few questions. Will definitely reach out to you.
    3
  32476. But this is the best economy in history. They sure know how to piss us off by spitting in our face and telling us it’s raining. 😢 😡
    3
  32477. San Francisco looks amazing! I need to visit one day. ☺
    3
  32478. Oh, equity, yeah, oh yeah... Do people realize they are going to held to account for what they do on this earth. Oh, yeah, refinance later, oh yeah... Remember that you marry the price and and date the rate...cool...
    3
  32479. For the algorithm.
    3
  32480.  @MichaelBordenaro  Seems like they would lose tons of tourists if they take out the bars.
    3
  32481.  @MichaelBordenaro  I just flew back to TN yesterday so I was there all week. So much crap going on every single night on Ocean and Collins... it has to get old for locals.
    3
  32482. I thought the SCOTUS over ruled Biden on that and said it is Constitutional.. guess I'll have to check into this🤔
    3
  32483.  @MichaelBordenaro  lol yes ty... I looked it up and it looks like they held up part of it in NY... and from what I can make out so called Conservative justice Kavanagh sided with the liberal judges and kept it in place... sad place our country is in... but I will still enjoy this day that I have been blessed with🙏 and hope you do the same.. Enjoy your videos.. looking forward to your cross country trip 😀👍
    3
  32484. Wow. You and I think alike. Up here in West Palm Beach… those who live on Palm Beach drive past so many homeless on their way home. I would have a big problem doing that. Passing the homeless while driving a $300,000 car. That would bother my conscience.
    3
  32485. What's your take on crypto? Is good or a scam?
    3
  32486.  @MichaelBordenaro  😆 thanks for your response. I appreciate you.
    3
  32487. Omg it is so beautiful. All the greenery 🥰😍 Its 11 degrees in Michigan right now 😭
    3
  32488. I don’t know about double pay, but I’m DEFINITELY getting double EXPENSES. My medicine: until March of 2021, my medicine was $116.00 a month, now it’s $480.00. Somebody is paying for those who are here for the free benefits.
    3
  32489. Thanks!
    3
  32490. When it comes to fast food if you want deals you have to download their apps now!! You get a lot of half off food and free food on the app!!🤷🏿‍♀️
    3
  32491. if you see silver for sale buy it. there is NO produced silver to buy. all buy orders are first come first serve
    3
  32492. I drive a Toyota pickup and it's my 7th Toyota. Haven't made a car payment since my mid 20s. I abhor debt and pray we have a housing crash. Young people in this country cannot afford the high rents and outrageous mortgage payments!! Timmy C the broke bald bastard. 😉
    3
  32493. Michael, in your travels can you report when you come upon dog friendly (they say pet friendly now,PC) beaches. Thanks. Enjoy
    3
  32494. I want to buy an application from flippa. Between $1 - $10 or maybe a maximum of $50. The seller said that their application is monetized by Google. The seller said that by this application they earn few dollars. And they say a couple of visitors visit the app. If I will buy this application then I will trap in some scam? (Doesn't matter to me even if the above points seller lie to me) Basically, my question is after buying the application what will I have to do? Is it possible that I have to change only apk files name, SDK name and monetize the application in my account and simply upload it to the Google Play Store and start earning money. Is it possible or I have to edit many things like application skin and many more? Because I like the app template and idea as per price so I know after a few months this app will definitely rise. Please guide me on this. And is this possible that the seller won't sell the application just another person sell the application on flippa and the owner won't know about this and if I will pay the money then the seller will just disappear from flipper even before sending me the apk files ( because the owner is someone other)?
    3
  32495. freshness of the water in important for me. if you were to rank 5 beaches on the East Coast have the freshest water, what would they be? (with 1 being the freshest and 5 being more stangant)
    3
  32496. 👍
    3
  32497.  @MichaelBordenaro  What's your business email?
    3
  32498. For me. Two main reasons we want to ""own"" a home. 1) FREEDOM. No landlords telling us how to keep their place. No rules 2) The BENEFIT of tax write off and other things like that.. For other people. A common reason is all about STATUS.
    3
  32499. Wife and I settled in quiet Wewahitchka, half hour from the Forgotten Coast. Only go into Panama City when we have to. Much prefer Port St Joe and points south.
    3
  32500. Make sure to go to an In n Out Burger I remember in 2000 when my buddy graduated from Coast Guard boot camp in Cape May New Jersey and asked if I wanted to go on a cross country road trip. We drove from New Jersey to Dewey Beach Delaware to our home towns in Maryland to Orlando Florida to see his brother sister n law and new born nephew. Then after great time in Florida Universal Studios of course. We then drove from Orlando to New Orleans and then stopped by to see my relatives in Louisiana then drove to the Grand Canyon in Arizona then drove across the Hoover Damn to Las Vegas Nevada then drove to Santa Monica California then went drove through Hollywood and Rodeo Drive. Then we drove up Pacific Coast Highway and was an incredible drive incredible scenery then continued driving to Oakland CA San Francisco CA and then drove to his first Duty Station a High Endurance Coast Guard Cutter in Alameda California where the Coast Guard has its own island. He 6 months later went around the world on US Coast Guard Cutter Sherman first time a US Coast Guard Cutter went around the world 😎 Awesome video you two are an Awesome couple 😎
    3
  32501. I was born and live in Florida but I love watching these videos for some reason
    3
  32502. Enjoy the outdoor door video thru the neighborhood and it looked beautiful, just want to make a comment about the stock market, since pensions are a thing of the past most people have to rely on the market for retirement thru 401k's. I agree it's a game but a game most people will have to play. Yes the market is tanking right now but it will come back,
    3
  32503. In regards to your doing a video in San Francisco. I would not want to see you put yourself in harms way just to make a YouTube video. Enjoy your trip and be safe out there.
    3
  32504. get ready for the pain while we travel around in our private jets
    3
  32505. Yeah, I’ve been researching places to move in the Miami area. I was shocked to see how few to zero units are / were available at the complexes I looked at. I’ve never seen that 😳
    3
  32506. Only reason I’m still in the cold grey Pittsburgh is because of a good paying job. At this point retiring in three years in my 50’s. Will be in the greater Tampa area in 2024
    3
  32507. My area is still strong because its highly desirable because of the school district and very safe town to live in . Both young white collar workers and retired folks . The economy is still on fire in my area ..
    3
  32508. I am yearning for Destin but I can’t retire for 6 more years. Hopefully the market will settle down
    3
  32509. 😊
    3
  32510. #1
    3
  32511. I wouldnt have purchased a home with that type of loan, they might have a variable loan rate, not good.
    3
  32512. How many more squeezes can people absorb, not many when most are already on the edge. Borrowed time, literally!
    3
  32513. Recently bought a house about 5 minutes from Dunedin. Absolutely beautiful area of the country! We love it!
    3
  32514. Please do a home for $200,000.and under! I want to pay off and not have a house payment. A duplex or a condo 1 floor 2/2 .would love 1 car garage.prefer north of Palm Beach Gardens. What’s available in that price range.
    3
  32515. As for who will buy the expensive houses now? an investor said 1. Institutions 2 foreign buyers
    3
  32516. I'm with you young sir 👍👍
    3
  32517. Why is any state, let alone a red state selling homeowners insurance? Of course insurance companies are going to leave the state. No private company can compete against the state. This sounds like something California would do. Let the market work. Get the government out of the insurance business. Competition will bring down rates.
    3
  32518. Awesome video. Thank you
    3
  32519.  @MichaelBordenaro  Actually, that was the second time to watch this video 😊
    3
  32520. This is neither a buyer's market or a seller's market. Most buyers aren't in a position to buy because of rising interest rates, ie 6% is crazy. Most sellers are having trouble getting takers. The only person who 'can' do anything is the person with cash flat-out, and that's not a lot of people.
    3
  32521. Happy In-depandance on debt day! Lol
    3
  32522. The DeVille building looks very Interesting. I hope it will be renovated at some point.
    3
  32523. It's the paradox of a credit bubble: all of this should lead to deflation not inflation. People using credit cards create new money and stimulates demand, but eventually it has to be paid back with interest. So where's that money going to come from? The answer has always been more credit. But eventually the demand for money will exceed the supply as more and more $ has to go to paying off debt. Hence, deflation.
    3
  32524. Ah yes I took a trip there a few months ago would recommend but living there tho is a different story you gotta have a lot of money to live there house cost is insane 600,000 for a tiny house trust me I have been in house that cost more than a mill in Miami
    3
  32525. The same realtor who is saying buy now is the same one selling homes in Nashville the market is near a stand still so the realty companies are telling the realtor sell sell sell
    3
  32526. Hi you! I m back. Just catching up with all your amazing videos. Yes, we just spoke about this issue so it is amazing that you just did a video on that topic. I never knew about this issue, only found out few weeks ago but being near Miami was always our destination... so no concern there 😅. Also, we did a bit of research and I found out that you can add and extra fee for scanning the land for potential sinkhole before you by the house. I don’t know it is true or just a scam but thought to mention it and see if you know. Thank you again for another awesome video. 👍🏻👍🏻
    3
  32527. Great video, as always! I feel exactly the same way about cold climates, and really want to live in a warm climate. It’s not even just a preference for me. I feel happier, more positive, and more relaxed when I am in hot weather. It’s a mental health necessity for me. Like you, I love mountains and Southern California is my preference, but I love South Florida too. I’ve spent some time in Fort Lauderdale and Miami, and it’s an amazing place. I love lots about it!
    3
  32528. Walking your is preferred, as you really get to see and appreciate the houses and neighborhood.
    3
  32529. The southern tip of florida gets hit with hurricanes way more than Panama ccity.We Michael devastated Panama city but the beach didnt get damaged nearly as bad. Mexico beach took the brunt of that storm. The last direct hit we took before then was opel back in 94. Most hurricanes pass us up and go to New Orleans like it has a hurricane magnet or something. As far as florida man we are like a magnet for folks who have burnt all the bridges at home and think they will come here for a fresh start. Nothing like getting trapped in a tourist town. We see them all the time. They devolve into homeless people in Panama city living in places like behind the walmart close to the probation office. I work on hwy 98 at a mechanic shop and it's always entertaining watching them. Wear shoes whilst florida man watching you don't want to step on a dirty needle.
    3
  32530. Thanks for the reality check.
    3
  32531. You lock yourself in a padded, sound proof room.
    3
  32532. anyone one getting this kind of properties for airbnb?
    3
  32533.  @MichaelBordenaro  the weather doesn’t impact that as long as u put your feet on the grass and or on the sand you will be getting benifts for 40 minutes
    3
  32534. There are plenty of public beach accesses but they are pretty obscure
    3
  32535. HI Michael, great video as usual . We are thinking of moving and buying a home in the Tampa Bay Metro Area ,, hopefully mid - late 2023. Right now I know Prices are sky high. Where do you think home prices to be by than? Down by 20% hopefully?! I know tough to predict , just that I cant see this crazy market lasting any longer. Thanks
    3
  32536. Great content, thank you!
    3
  32537. I would buy at 2019 prices with today's interest rates. I know 2023 housing market would have 2019 prices at best, but with higher interest rates than today.
    3
  32538. I don't want to walk around in that humidity and smell weed
    3
  32539. Another great video Michael 🙃🙂
    3
  32540. Change is certain. ~ 🦋
    3
  32541. Another great vid! CONGRATULATIONS on 19K Michael. :D xoxo
    3
  32542. Where can you be louder for recording at home?? Asking for a friend.
    3
  32543. Yikes!
    3
  32544. bbbb... I need 10% on my T-Bills to pay for Diesel in my Benz..V Bernie 😁😁😁
    3
  32545. Never been to California but looks gorgeous.
    3
  32546. Biggest mistake!! They trusted their local government!! I hate these people had this problem!! I would think the judge would have ruled for more money because of the legal fees and just bullshit!!! 🙏🙏🙏🇺🇸🇺🇸🇺🇸❤❤❤
    3
  32547. Really enjoyed the video. Looks like a perfect place to live.
    3
  32548. Tell her Florida Blue and child companies are hiring.
    3
  32549. Sounds like you should be living in California
    3
  32550. Don't Buy Until Labor Day 2023.
    3
  32551. I oppose general Student Loan Debt forgiveness but support changing Bankruptcy Law to make Student Loans dischargeable via Court with reasonable requirements. Those who can Pay should Pay. Those who can't, should have Bankruptcy available as Billionaire individuals and Corporations do. Our current system is unjust to Students.
    3
  32552. Wow just saw the weather report and Miami has weeks of 82 and 83 degree night time low temperature that’s crazy hot. 70 degrees is to warm for me given that’s the lowest temp of the night the rest of the evening is higher until like 4 am or 5 am
    3
  32553. Good segment. Thank you.
    3
  32554. People doing great financially???? Is this denial or a mockery in plain sight? Based on my circumstances I say the latter..
    3
  32555. I bought with cash in 2011. For 73k. … let the market drop. … Things are to high today my house is approaching 500 k. I only paid 73k for …. I’m not interested in selling..
    3
  32556. I'm 50, I'm at a place in my life where I can move to the gulf. Hate I'm making a change being older than in my 20s. Scary & exciting at the same time.
    3
  32557. Don't buy based on payment buy based on price
    3
  32558. Awesome video! 👍
    3
  32559. Clearwater is in my mind whenever I decide to make my move to Florida. Really hate this Wisconsin weathers
    3
  32560. That's kind of like Santa's naughty and nice list
    3
  32561. Mount Tam
    3
  32562. HELOC at these rates? Yikes!
    3
  32563. I love your content Michael, but I don't believe the premise that there is no housing available in Martha's Vineyard. I just checked AirBNB; over 450 rentals available in Septeber, increasing to 600 rentals in November... Why can't the immigrants be placed in these? I'm sure Obama's MV mansion could house all 55 immigrants by itself.... Never going to happen, so much for "sanctuary cities".
    3
  32564. HOAs are the biggest BS invention in the US.
    3
  32565. American dream is not dead. It is still alive and well when you dream about it.
    3
  32566. Soon your channel will explode 🤯 🤠🥳. And a million congrats for making the news!! Mark my words 🔥
    3
  32567. I was born and raised. I'm good not going back. The Covid protocols do not bother me-- i don't like wearing a mask but i also don't trust other people to do the right thing. What bothers me is the high price of either buying or renting. If you buy a new house, the yards in new homes is abysmal and you are right up on the property line. All i kept thinking is how claustrophobic the homes look. That along with driving (US1 used to be a good alternative to the turnpike but wow, both are just horrible.) I hate driving in FL.
    3
  32568. Congratulations! 💕
    3
  32569. San Diego red bougainvillea! 😊
    3
  32570. Same here. Coming from NY.
    3
  32571. Is it to much Michael if you are on Real Estate Mindset on the same day?
    3
  32572. ❤
    3
  32573. Maybe "Redfin" and "Opendoor" can start selling used cars. They have the 'sales techniques' down pat.😉😉😉
    3
  32574. Great Video.
    3
  32575. it's 5% right now
    3
  32576.  @MichaelBordenaro  I see myself living in a 4 story brick loft with subterranean garage in the city of Orlando as a home base. I am into REI, the market in my current 72712 shows promise, if you know what I mean....
    3
  32577. Thanks!
    3
  32578. If someone is interested in buying a condo (Michael you taught me a lot about them last summer) then they better have an income or portfolio that will allow for increases in HOA fees as well as possible special assessments that the purchaser may not see coming. This is the rub about condos; there is no way to truly predict what it will cost you in the long run - the purchase price is just to sit at the table, so to speak!
    3
  32579. Please go for a ride in the car and take a picture of the breakes after. The break rotors are not bad, they have just not been driven resently
    3
  32580.  @MichaelBordenaro  Wow, then it's crazy. And you drive in the car daily? Btw, thanks for all the good content
    3
  32581. I wonder Michael on the median homeowner tenure. There are those on the recent refi side with low mortgage rates that will extend their time in the home — balance those selling to get their short term equity extraction. Good job again Michael
    3
  32582. Great video. What about your health insurance?
    3
  32583. With that sales statistics it's worth to remember, that it's more condos now, than 10 years ago for example.
    3
  32584. Here on the east coast of South Florida win code 6 (palm Beach County) or win code 8 (Miami Dade County) Homeowners insurance will discounts you on how your house is rated for Hurricanes, i.e roofs, windows, and doors. Also, all homes built after 2002 according to Miami Dade hurricane codes must be Hurricane rated that include Roofs, windows, and doors. I'm not sure if that includes statewide. (I think so) If you buy a house built before 2002, It can be expensive to bring those houses up to code, hurricane rated. Est $50K
    3
  32585. That was an awesome video, I loved it. You speak very clear and straight to the point!
    3
  32586. Sounds like a return to normal times........versus the market where you basically had zero days on market with multiple offers
    3
  32587. I don't know why they don't switch to membership stores you lift you cant enter.
    3
  32588. Ha #1
    3
  32589. $1,000 monthly car payment, $100 a month for car insurance, $300 a month in gasoline, city sticker, license plates. Geez maybe around $1,400 a month to drive a car when everything is said and done.
    3
  32590. Hey Michael, good to see you back! I'm about to relocate to Miami, and I recently saw many news reports of shooting incidents in Miami-dade in my feed. Are these acts of violence have become worse lately?
    3
  32591. Great discussion I listened to Suze Orman who said to get it when you need vs paying it for 30+ years. This year I had to purchase LTC + Life insurance with my employer due to the state that I live in. WA is requiring all residents to pay for this Government LTC and the value is 35,000.00. That is a joke. I am nearing my retirement and have 5 years left.
    3
  32592. What is the difference between Jacksonville and Saint Augustine and why do you like Saint Augustine better?
    3
  32593.  @MichaelBordenaro  OH OK I get it. Sounds good we will be checking out both areas in December for a move in a few years. Can't wait to explore. Thank you.
    3
  32594. You’re rent is too high
    3
  32595. In NSW Australia there are always new ways of "Protecting tenants" being instituted. The system is already in favour of tenants so basically landlords get tired of it and if they own the properties without a mortgage they just leave the properties empty waiting to sell for profit which over a twelve months period in recent times would be much more than you would get for twelve month's rent.
    3
  32596. Thank you Micahel, this is the type of luxury aprt i was looking to move in
    3
  32597. I still can’t get over the fact that you both know one another and I have followed you both separately, since the start of 2020. Thanks guys! We appreciate your help!
    3
  32598. Still sitting on the sideline.
    3
  32599. Can't believe how empty the beach was all the way up and down
    3
  32600. I was just browsing homes in Miami Beach & saw 1 at 4365 Alton Road that’s on the market for $3.45M after selling for $1.75M a year ago! I was able to pull up the old listing & the pics look exactly the same, the only difference I saw was that they changed out some of the light fixtures, lol
    3
  32601. Just do it and move to NorCal! You’ll love it and it’s an adventure. You’re young w/ no kids. You won’t see homeless as much as you think in your day-to-day life. You won’t be in traffic, just don’t go during commute. Wildfires are dangerous and smoke is toxic. Politics will swing back soon away from far left. You’ll see 80% move back to Cali in the next 3-5 years…because California is amazing! We moved to Texas in 2020, North Carolina in 2021, and now in Arkansas and I love it! Grew up in Northern Cali, worked 20 years in Bay Area. We’ll go back when kids are out of school.
    3
  32602. So sorry for the anxiety you're feeling over this terrible event. There are definitely more risks involved in living in a condo. I hope the government in Miami bring in tougher regulations about the maintenance of buildings there because otherwise it's super nerve-wracking even visiting Miami. I have lived in a couple of apartment blocks here in Ireland but here we have restrictions on height so a lot of them are only 7 stories max.
    3
  32603. Nicely done interview Yes more please and thank you!
    3
  32604. Yep, I agree I encourage my kids to live there dreams 🌈
    3
  32605. Thank you so much for sharing Michael, paradise 🌴🏖
    3
  32606. I think this is a back door way to allow developers to buy out entire buildings, rehab them and sell to wealthy buyers who have the means to pay cash. In effectively cutting out the lower/middle class buyers. Many of the dated waterfront condos are being rehabbed and sold as luxury condos to the Uber wealthy.. a ploy to monopolize waterfront property for the elite. This plandemic created hyper inflation as a wealth grab .
    3
  32607. Oldest fort built from masonry
    3
  32608. Im surprised the lady in the White dress doesn’t turnaround a say STOP FILMING ME and following me.
    3
  32609. Agree mist in California and ocean smell like that scene in 1987 movie Lost Boys opening scene
    3
  32610. I see what you are saying regarding your real-estate analysis. Again very logical Michael. As I said to you good economic insight. All thru the seventies and eighties I felt America was on route to self destruction. I felt sending our mfg jobs overseas, trade deficits, growing national debt, excessive taxation, and a fiat currency was the road to failure. Well here it is 40 to 50 years later and America is still here. My point is there are things we can’t see now that alters what happens. That being said let see what happens. I feel you are correct for now. I hope you are wrong, but I am afraid you have sound logic at this venue. Please don’t let stuff like this take over your life. I waisted so many years to worry. Take care .
    3
  32611. Thanks for the tour!
    3
  32612. Having a 50 base points increase of the Fed Fund Rate instead of a 75 base points is NOT a pivot. A pivot will happens when the Fed reduces the Fed Fund Rate. A Fed pivot will not happen any time soon. Jerome Powel has been repeated several times '' I will not reduce the Fed Fund Rate until the inflation rate is back at 2%.
    3
  32613. Yes cheaper to rent then buy - and yet the rent is still too damn high
    3
  32614. My fiancé, and I have been following you since before the pandemic! You have been so helpful on our journey, we can’t thank you enough! We are now looking to invest in Miami, and continue to look forward to your videos and education! Look forward to connecting with you soon! Thank you for all you do.
    3
  32615. Worry about the homeless and squatters. I hope they are least have security. If it's know it's vacant. There will be looters
    3
  32616. This is my “ Go to Beach “ - I live in Tampa - takes me about 45 minutes with the car
    3
  32617. No thank you on Andrew Yang. Independent and Libertarian all the way.
    3
  32618. If you drive Mercedes Benz that's MB too. lol
    3
  32619. The issue with buying a property as opposed to renting is the 20% down payment of $49,000. Renting a place is generally easier than buying.
    3
  32620. Gulfport, Florida! A cool little beach town full of bars and restaurants right in between St. Pete Beach and Downtown St. Petersburg.
    3
  32621. Congratulations 🍾
    3
  32622. Surprised there are so few comments - maybe because you were just starting out with your videos - but this was a good video, very good advice, still valuable information for 2021.
    3
  32623. Haha and they're often not even taking care of the houses/yards. I want to make a million $ but am too cheap to pay for lawn care. Have fun with the Ikea kitchen. Only the best in these million dollar listings!
    3
  32624. They've built some of those 3D homes in Austin, Texas. They are very expensive!
    3
  32625. Not only "Florida", Insured got 'SCAMMED", my "Florida Based", Home Owners, Insurance Doubled the Premium, in 2022, I got another, Company, based in Ohio, I'am in Pennsylvania.
    3
  32626. Maybe this is why condo owners are voting not to do the necessary repairs to their buildings. They are hoping to get bought out by investors and get paid double the market value.
    3
  32627. You are the amazing! Love your content.
    3
  32628. It feels like the Greatest Train Wreck in HISTORY,, , But in SLOW MOTION... It's getting real quiet out there ... 🫣
    3
  32629. Thank you, Michael, for the great insight, perspective, and video! Take care with the storm coming in...!
    3
  32630. Well, you can get a house in West Virginia, baths, for `100K
    3
  32631. Excellent content !!!!!!!!!!!
    3
  32632. My brother wants to do that buy down thing. He says a high enough credit score is required. I told him. Just be sure to be ready to adjust his budget for when the payment goes up!!!!
    3
  32633. If the employee wants to work remotely, it should be in writing in an employment contract. If it’s not in an employment contract, then quit and find yourself another job. If I was an employer, I would make it clear to the employee whether or not they had an option to work remotely. Employers should give an incentive to work in the office by increasing pay. If one wants to work remotely, give them that option but pay them less. Of course, it depends on the job description. My experience, when the boss not overseeing things, the mice play and productivity is lower. American productivity at the moment stinks ! If one bought an expensive house because they wanted to work from home and their employer wants them back in the office, that creates a real problem. Unless it’s clear in an employment contract, the employee should return to the office. You can always quit your current job and find another job.
    3
  32634. What a gorgeous place. I love the Living area with the great light shining through. Too many bedrooms and baths for me . Don't want too much company :) but it's a great place.
    3
  32635. I would love to hear your dads opinion on this mess..especially what he thinks the future holds...
    3
  32636. Its up to whoever is deciding to move, theres good and bad. Yeah, prices are high, but interest rates are low. Yeah it seems overpriced, but we have people coming from NYC or LA who are used to paying even more. Also, look at Venice, or the Netherlands, there is worse flooding, and many engineering solutions to deal with it. I would personally like to see more raised homes like we see in the keys. Miami will always be unique, because "Its so close to America" as we lovingly say down here. No place in the world has a culture like Miami, and that will always be a magnet. Good Video, you have provoked many comments.
    3
  32637. Smart people that work hard and pay bills DO NOT believe anything the current bogus administration has to say. Their lips are moving so they are lying. We can recover so vote Trump!
    3
  32638. Thank for your awesome reporting. Especially the lies told by realtors. Love your channel!
    3
  32639. I love this! I'm moving out of LA (originally from Maine) after 2.5 years and am ready to once again try a new city. So many options! Thankfully I don't have much to lose and a supportive family so I can somewhat comfortably keep bouncing around until I find my city. It seems like you're really happy where you are but if you find another place where you can see yourself being even happier go for it :-)
    3
  32640. Keep showing us the real thing. The Map reading is not easy. Broward County hit by a Hurricane. Damn I wish this wouldn’t have happened. RubinReport Dave Rubin has lived in Miami for about 6 months. Been traveling Yikes I hope he got home to a Safe home.
    3
  32641. Next step should be end welfare and lower taxes
    3
  32642. And Chase very arrogant is the worst. what happened was they did a change over from brick and mortar into online banking and a lot of people are not aware of that or they don't trust online banking massive layoffs coming in the next couple of months overload of houses that are not going to sell we're living in false economy
    3
  32643. Investors can still have an investment property, depending on your comfort with risk. Investors just have to be very careful of who they put in these houses. You might need to charge a very high upfront fees, if you can in the market your are in. Precautions is the key and mitigating them. Like you say, maybe sell. Still buy the other house and invest the proceeds of the sales of your current home into relatively safe investments.
    3
  32644. Are these condos wood that’s susceptible to hurricane damage?
    3
  32645. Michael, this area looks beautiful! Those beautiful brown condos on the water look to be calling you and sweet Lisi to move in!
    3
  32646. Thanks for showing Panama City Beach and for the couple of laughs in between! 🤣😎😎
    3
  32647.  @MichaelBordenaro  Yes I did. 😆 It was a fun video!
    3
  32648. Just watched the video and really enjoyed it. We've visited many times and always enjoy taking our company on the tram tour. We've learned so much from each driver as each seems to have a little different spin on the historic landmarks. When we go, we go early and are usually winding down our visit around noon. St. Augustine is a great place to visit, but we definitely would never want to live there due to the tourism pretty much most of the year. We've also really enjoyed touring the many antique shops. We don't buy that much, but enjoy seeing and learning how people lived from the their possessions. We have also eaten at "Harry's" and it is certainly one of the best. The A1A Alehouse (upstairs) is nice also. But, most times we pack a lunch and find a quiet little park. If you're coming into St. Augustine from the South, AIA follows the coast and there are many nice ocean views along the way. The tour of Flagler College is definitely recommended. It's amazing that this is a college to some 1500 students. Keep up the great videos, and good luck finding that special property.
    3
  32649. So it's like stock valuation data. Huge smokescreen for elite's insider trading.
    3
  32650. Thanks for making this video. I live in Vero Beach and it's been raining everyday, all day. We've gotten 20 inches of rain since Memorial Day!
    3
  32651. Once affordability ends any hope of buying, everyone will be renting. Don’t need a Realtor for that.
    3
  32652. So everyone's going to wait to buy a house so the prices come down and then as soon as the price has come down everyone's going to start buying houses which will bring up the demand which will bring up the prices and will be this big revolving circle
    3
  32653. This looks nice, but I prefer South Florida because, among other things, it's far more tropical. You don't really see many coconut palms or Royal Palms in Central Fl.
    3
  32654. I watch bc it’s educational. And motivational.
    3
  32655. When did this happen? I bet it looks beautiful with everything dark and the ocean! Love taking walks on the Miami Beach boardwalk at night. 😄
    3
  32656.  @MichaelBordenaro  I bet! Especially with the weather lately!!!
    3
  32657. I listen to anyone with a Mesa Dual Rectifier
    3
  32658. Settle down Nick, I mean Michael
    3
  32659. I really like that camera. I really am thinking about getting that one. Did you research it much
    3
  32660. Good job Michael. Keep telling the truth
    3
  32661. A lot of remote workers will be the first laid off if companies start laying off. Period.
    3
  32662. You look gorgeous
    3
  32663. No condo and definitely no co op for me can’t stand people telling me what I can and can’t do to my own property I start my bike and let it warm up on Sunday mornings I work on my car to midnight if I want my house my rules
    3
  32664. Another option for your retirement money is to take your IRA and invest in self directed RE IRA. This is especially a sound strategy for those that like RE but do not want to pay the early withdrawal penalty!
    3
  32665. Planning on moving there in the fall from Wyoming.
    3
  32666. Solar panel is free in oregon
    3
  32667. I am going to rent a place next winter.
    3
  32668. Michael we are in St Augustine now renting a vrbo. I've read that the area you rented in amd I rented in ( historic) is not allowed unless it is a week long stay
    3
  32669. Wow Juno Beach looks beautiful!
    3
  32670. My favorite YouTuber + my favorite part of Miami beach. Any more south pointe in the pipeline?
    3
  32671. Either prices go down or wages go up or a combination of both happens or things will go under. I predict things will go way under.
    3
  32672. Good Plan, don't live below sea level.
    3
  32673. your so right about saving for home repairs......people have been way overbuying homes compared to their incomes.....the loan companies show you how you can do it....that is why there will be millions walking away from their homes again, just like in 2009
    3
  32674. "now magically you can afford it..." 🤣
    3
  32675. Michael, if you include Illinois' outrageously high property taxes, especially in metro Chicago, it would be in the most expensive category.
    3
  32676. Holy moly so 😨 scary
    3
  32677. Straight Insanity. 😒🙄
    3
  32678. We really love Venice and North Port, great people and amazing restaurants! Thanks for the content!
    3
  32679. Michael, we want an update on your YouTube analytics (views, revenue, growth, etc). I heard the real estate niche tends to have a higher cpm. fellow chicagoan asking!
    3
  32680. Is this neighborhood near 69th/Collins? Im looking for a cheaper apt when I come that way!
    3
  32681. Thanks..im guessing N Beach is more affordable?
    3
  32682. 110 here in southern AZ! It's the brown setting on my toaster. 🤣
    3
  32683. It's def not 08, it's wayyyy worse.
    3
  32684. The problem in CA, and is my main home, always lived in the West side, is Gov Newson, we did not have that issue 10, 20, 30 years ago. As for building cheaper homes, I must say is almost impossible to do. For one reason, Los Angles as no more land to build, you need to buy a home, destroy it, then rebuild. By them you are already at probably 800K or more as a cheap house in a bad area in LA is over 500K and that is a 1000 SQF if that. Reason why a starter home in Los Angeles, CA today are about 1 million+, Also reason now Los Angeles is trying to go vertical, but people in LA do not like Condos overall like in Miami. Due to Earthquakes the code in CA if also very strict and I must say homes in CA are much better build and finish then Miami. But if you really look you may find a decent house in a decent area for 800K but you need to look, many probably you can buy cheaper if you look for homes in bad condition or foundation issues, but to fix a foundation can cost you over 100K Miami has been somewhat a disappointment for me regarding home quality construction and finish. You can probably buy a 400K home in Palm desert or Kern county CA, or some similar areas if you want to drive 2 hours + each way.
    3
  32685. I believed that there will be no crash in the next 100 years.
    3
  32686. do Napa and Vallejo. Show diversity of markets
    3
  32687. Live below your means..
    3
  32688. Theres still affordable housing..you just might not like the neighborhood. Dont let the MLS listing pictures fool you.
    3
  32689. I agree. April was hotter than May this year.! In 2019 we thought it started cooling off around September 15. It did get a bit cold in mid to late January -- 39 degrees one morning! We're a bit north of the Miami area (closer to Fort Lauderdale) but I think the temps are fairly comparable. This summer hasn't felt quite as hot as last summer, but we have the rest of July, August and September so maybe I'm speaking too soon.
    3
  32690. Michael, thank you for easing my concerns! Liked and subscribed!
    3
  32691. I lived in California 1999-2021. My last residence was in Beverly Hills. I won't ever go back. California is a great place to live only if you're a One Percenter. But then again, what place isn't?
    3
  32692. This can happen with SFH as well. You may have heard of this in Illinois Micheal, but in Peotone IL, they wanted to build an airport and offered to buy out houses and eventually the city/state to push them out.
    3
  32693. I was a girl scout! Wanna buy some cookies Boy Scout?
    3
  32694. meanwhile some fools out there overbid on properties in California. I wish a crash would be great to wipe out these fools out there, there are still some out there.
    3
  32695.  @MichaelBordenaro  I commend you for bringing it up. It's not an easy subject.
    3
  32696. Michael, it is amazing how much people are paying for some of those homes in Miami. Paradise has a price!
    3
  32697. Thanks!🌻😊
    3
  32698.  @MichaelBordenaro  I see. Thanks!
    3
  32699. Would you say that South Florida has enough people mowing grass and weed eating ? Up in Indiana anyone can get a mower and make 20-30 bucks per small lawn. Does that work down there.
    3
  32700.  @MichaelBordenaro  well thanks man. I appreciate that.
    3
  32701. Take care of yourself Michael
    3
  32702. I am loving your videos ! Inspiring and right to the real point !!! I see 400 and 500 pound patients at work and wonder how could they let it get to that point. I want to move back to Clearwater area but I am considering other areas too as Pinellas county seems to have gone downhill in some areas....
    3
  32703. I remember when you reached 10,000 subscribers. Keep going! ⭐️⭐️⭐️
    3
  32704. I'm saving but I'm very responsible with the money. On the other hand, my neighbors are spending more than normal. Spent most of the savings and surviving on credit cards.
    3
  32705. Whats a good area in Florida that not much hurricanes come by
    3
  32706.  @MichaelBordenaro  nice to meet you neighbor. Also coming from Illinois!
    3
  32707. Housing prices will go back to pre pandemic prices if fed raise the interest rates
    3
  32708. My friend what about the Iguana problem - friends in Ft Lauderdale find them swimming in their pools and chewing on their wiring.
    3
  32709. Here is something going on in Real Estate up here, that blows away your complaints.. "Guaranteed Sale or We'll buy it". Total BS promises being made to get you out on the market, that when you press your agent, you will see them run for the hills, and you have no recourse. They will ultimately just offer to lower your price so low, that you'll be broke at closing. False advertising is rampant. The other false promise is "Hey, We have a buyer waiting for your property!". Call them, and that buyer will be replaced by an 8 hour Zoom pump call, just to get you to list. What they don't understand is, listing your property is damaging. You get on a list of banned from re-financing for a period of time. If you have rental tenants, those tenants have to be removed. The agents will coax you into doing paint and flooring "improvements" which will also drain your wallet, if the property does not sell. In short, agents should be prohibited by law from making promises by way of advertising mailers or emails.
    3
  32710.  @MichaelBordenaro  I live in VA, and it is my rental property which is a money loser they keep offering to sell. Only, last time I went to market, I put in $5k in improvements, and still couldn't drop low enough to get out of the loan. So I know the market I am in. Dishonest marketing just muddies the picture, and bloats the supply with "me too" sellers every time some units try to move. What I have is a condo that is identical to 500 others, so any divergence in price or supply of buyers to the table, and it just looks like foul play. To further complicate it, it is managed by a real estate firm, so there are conflicts of interest potentially with the sale. They offer to "help", but it's a fox guarding the henhouse. They have other owners in the neighborhood, who are also losing money. A big mess.
    3
  32711. Expect even more competitive single family, townhouse and small condo market in FL as very rich ppl start to run away from their oceanfront towers
    3
  32712. What, I thought bidens' economy is great?
    3
  32713. Agreed. However, I don't think it's just corporations that are getting all greedy. Realtors, sellers, landlords, the entire market is out of control. Everything is jacked up based on the selling prices in the area. Sellers especially need to have a reality check and how about humility. How about caring for each other and stop raising rents and market prices so that people can afford to live comfortably. I live in a 850 square foot loft apartment in Boca Raton and I pay $1730.16. That's insane. For that reason, I refuse to pay one more penny so will have to move in October. I was thinking of going way north, Juno, Vero, however, the prices are the same. What are people supposed to do??!
    3
  32714. Happy Thanksgiving . Always look forward to your videos.
    3
  32715. I really like these videos... I impromptu calculated 400 HOA over 10 years, it would be 48000 USD... Crazy money! Hard pass from my broke a** :D Good video as always, btw!
    3
  32716. For the algorithm.
    3
  32717. Hey! We are looking at St. Augustine and I came across your video when we were reconsidering the area. I was thrilled to see it on your list. Do you feel there are enough places to listen to live music, go out to eat etc., or could it start to feel too small after being there a while. (Is it all tourist-y stuff to do? 🤔). Thanks so much for your video. It was nice to find one that is from actual experiences.
    3
  32718.  @MichaelBordenaro  thank you so much for the feedback and the great videos!
    3
  32719. I have lived in Florida my whole life and can't wait to leave. I guess the grass is always greener...
    3
  32720. Homeless or skells living in an abandoned house are dropping deuces in the living room and kitchens...they ain't fixing squat!
    3
  32721. I just moved to Orlando like 3 weeks ago from Dallas Thanks for the honest alerts It's been really enlightening
    3
  32722. One thing some may not consider, areas currently seeing the greatest price drops are the same ones that saw the largest price spikes in 2021/2022. Areas that had more moderate increases are going to realize smaller drops. Price normalization to pre-Covid levels is ongoing at different rates.
    3
  32723. I can't believe the owner of that property is paying the same taxes on the assessed value from 1992. That's like paying income tax on your salary from your first job even though you make six figures today.
    3
  32724. You are so Right Michael keep up with the good work !
    3
  32725.  @MichaelBordenaro  Nothing good happens after 9pm
    3
  32726. Does instagram work as a social media influencing platform.
    3
  32727. Never have I taken such careful notes from a YT video on any topic as I'm a home buyer out shopping right now. So-o clearly presented. Thanks, Michael. New viewer here.
    3
  32728.  @MichaelBordenaro  100% agree. Sold my place got my money, leasing new construction for a year see what market is like not even looking for a massive dip just a chance to offer on a house with having to waive my inspection, appraisal and or offer a 25k gap overage to over pay for some regular house. I think a lot of buyer will happy just to be a normal market where they have a chance make an educated decision they feel good about and not feel bad about it afterwards or in a few years when market cycles and many homes are affected by rising inventory and normal buyer's who realize houses will still be for sale. BTW I saw 50k price drop today in area....the sellers paid $260k for NC in 2019.....put it on $389k just sitting there at $329k....never thought I'd see that again lol.
    3
  32729. This is the best time to land a job you wouldn’t have been able to get in a healthy economy!
    3
  32730. I watch your videos because they're interesting, you're great at making them, and you come across as genuine, sincere, and honest - unlike many other You Tubers who ARE only looking to sell merchandise or other things. Your passion in making videos, and in living in FL, shows, and it's admirable. My dream is to live in the California desert since I love mountains, hiking, and a hot, dry climate, but I LOVE spending time in FL because of the great vibe and incredible beaches. Also, the coffee in Little Havana is the best anywhere! Thank you for sharing your FL experience with us!
    3
  32731.  @MichaelBordenaro  thx so much! Any hotels or your fav resort directly on the beach you may recommend?
    3
  32732. Mike that trolley goes from tarpon springs to Clearwater beach. Only 5 bucks all day
    3
  32733. Whaaaa!!??? Sleeves, Hair, & Real Estate 2!!! 😂 Ps.. what brand of axes on the wall are you playing?? Peace 2 U&URS in the New Year Michael! 👍 ~*
    3
  32734. Thanks for your videos, kind of like food for thought to me , in other words give me a lot to think about , which I like it
    3
  32735. Michael Bordenaro keep them coming!
    3
  32736. Perhaps you should try going to Maine next summer.
    3
  32737. My career path is not what I expected either. Circumstances change and most of us adopt. I wasted so much time on having fun and people who aren't in my life now. Endless meaningless conversations and situations that never amounted to squat. I started to seriously save and invest in real-estate in my mid to late thirties. As one gets older reflection becomes part of the process. I always say better late than never. I started making decent money in my twenties and never pursued my dreams. However I'm thankful for what I have accomplished and I have more than most. Always be thankful and no Michael, you're not a quitter but a survivor who can recreate yourself anytime you wish. Adaptability is the key 🔑 to success. Take Care
    3
  32738. Caution: SCRA (Servicemembers Civil Relief Act) for military is a benefit that is only available for debt acquired PRIOR to getting called for active duty. Any debt that’s acquired after in active duty status does not qualify. The intent was to provide financial relief for service members who took out loans based off their income while not activated. It’s not available for debt you qualified for while already activated.
    3
  32739. I'm still on the fence. But you also don't build anything when renting so you spent all that money and walk away with nothing gained.
    3
  32740. Another good one Michael 🎉
    3
  32741. Saw a news report....the whole eviction thing is being totally mishandled and they should provide resources to the tenants so they can find another apartment....it is only a 39 unit building and one person could help those who have challenges....the tenants have 2 months to find something that will work for them....the property management surely could find something for those people
    3
  32742. Michael one if my friends bought a new house on the Florida coast. Ge was told they are building all the houses because people are moving to the coast. Well his home was 150 to 200 thousand less. He also got a good mortgage rate.
    3
  32743. Step before homelessness is GROUP HOME or SHARED HOME, like the illegal immigrants do. 4-5 people sharing a room, mattress on the floor, 20-25 people in the home, pay by the week. Get up in the morning, go to work, come home to your shared home.
    3
  32744. Ty stack on partner..from nyc
    3
  32745. You know you love those clouds 😂.
    3
  32746. Nice way to spend a B-Day !...Good job, Lisi !.......Another Great Video, Michael.....Thank you...
    3
  32747. You’re videos are like crack for GenXers
    3
  32748. Congratulations on the quick sub growth lately the consistency is paying off❤
    3
  32749. What a great heartwarming video. Tells a lot of where you come from. I’ve got 3 grown daughters ALL live out of state, 2 married who had to relocate due to jobs, so it wasn’t their idea to move away. Not easy when you know “they” didn’t make the decision, but their husbands are responsible & we have to let them go & live their lives. (But you wish it was close to home.) lol
    3
  32750. Must be around 2 pm. It always rains in the afternoon. 😂
    3
  32751. wow 9K subs ! Congrat.
    3
  32752. Actually YouTube is simply an advertising platform along with other social media . They are in the eighth or ninth inning of hoovering up ad Market share worldwide. In the best of times it’s a low single digit growth at the point they saturate the market-which is close. They have already begun ad stuffing increasing the number of ads and cutting payment amounts in this downturn . Certainly there are no barriers to entry. The pioneers made the money.
    3
  32753. You’re close to me lol…make a video in Coral Springs!
    3
  32754. great book
    3
  32755. My homeowners Ins agent was telling me that if a person lets their property ins lapse, most likely no other Ins Comp will take them.
    3
  32756. In Florida every home is about $150K -$250K cheaper say 1-3 years ago.
    3
  32757. michael all summer your everywhere........hope i make great money ,so i can snag a house from ya...first the gains then the mortgage.....keep pumping .....and we pray so hard for the peeps at Miami.... glad your back and still rocking it....have a great day...The Bun Twins....
    3
  32758. The entire financial situation in America with income taxes, property taxes, HOA fees, house and car insurance plus plus plus is ALL out of control!!!! When people can no longer afford to live modestly and within their means… civil unrest and war will erupt!!!
    3
  32759. but the HOA is annoying. $360 every month and for what? Not even any amenities. And this HOA will never stop and is such a waste of money. And the fact they can tell you whether you can have pets or not, rent it out or not, and what else..? And HOA will go up over time too I imagine......
    3
  32760.  @MichaelBordenaro  I was comparing it to owning a single family home where you don't have HOA at all :)
    3
  32761.  @MichaelBordenaro  Agreed. I guess from my (first time home buyer) perspective I ask myself that question. Saw your new videos RIGHT ON TOPIC :)))) will watch today!
    3
  32762. "I don't know how the guys that live in the Pacific North West can do it." I was born in Arkansas 27 years ago. Moved to Tennessee after 8 years and then moved to Oregon after 4. And I gotta say. The during my fifteen years here, I've probably hiked along the coast trails and such near 70 or so times. But think. That's only 70 times in 15 years. There were near 5,408 other opportunities I could have gone, but didn't go. You know why? It was partially the weather... but it mainly was the seemingly overall apathetic/realist attitude of the populace. Once you get used to it here you become more like that. There are several reasons because of this. Main ones deal with cost of living and employment rates for youth like me. I hate it here. It's really only the people and places I know, like and respect that keep me here. That's it. This coming year I'm thinking of moving back to the South. I'm 27 now, and still am trudging through school in search of an eventual academia job, which is my dream. And my job as a tutor is remote, so I don't get out too much (though that's mainly because the Governor here has kept things closed down for so long.) And to make things even better (sarcasm), part of my entire state is without power because of the storm. In short, living here has turned a bright happy kid into a stoic, cynical dude. he one major con of Arkansas is that it doesn't have a beach though... so while I might go back for school there, I'm also thinking of moving to the East coast somewhere. I think I'd like that better.
    3
  32763. Thank you for these videos. I have learned so much since watching. Wished I knew about this information sooner. 65 now.
    3
  32764. Happy Birthday, enjoy your day 🎉🎉🎉
    3
  32765. Lol. Its all fake. After the holidays total disaster. We will be talking food & energy. Housing will collapse beyond imagination once the real jobs/ layoff # are bought to the light…
    3
  32766. Great tips Michael! How is the SoBe market for condos now?
    3
  32767.  @MichaelBordenaro  thank you!
    3
  32768. Thanks for this video, for whatever reason I didn't think the mortgage would be that low! My question is, what fees/extra expenses are typically added on top of the mortgage?
    3
  32769. Problem is when you're driving on the highway, the sky opens up downpours so hard you can't see a thing
    3
  32770. You picked some great houses. They are sweet 👍
    3
  32771. We were just in Bradenton earlier this month, and we went to the beach! Very nice, affordable town and super close to gorgeous beaches. Totally agree there are many affordable towns within 15 to 20 minutes to the ocean or gulf. For the east coast, I recommend being west of Interstate 95 especially in SE Florida.
    3
  32772. Michael, you are Blessed to have outstanding Parents !.....Great Video series featuring Mom and Dad......They are both comfortable being on YouTube , watch-out, Michael....they might start their own channels !!........Thank you....
    3
  32773. I wonder if there's any tax deductible on those bonuses? Who would be responsible for those taxes when it has to be given back to the company?
    3
  32774. Thank you for the info big brother I can't believe these small ass houses are a million plus. Yes it's time for a correction in real estate.
    3
  32775. My gas and light level billing plan went from $502 to $852 a month in NY.
    3
  32776. The reason they don't want you to use checks is the same reason ACH is convenient, anyone who gets ahold of a check now has your checking and routing number, they don't even need your signature to use that to make other ACH transactions.
    3
  32777. Another great video with important information! :-)
    3
  32778. Beautiful area! I really enjoy your walking tours! Please keep doing them :)
    3
  32779.  @MichaelBordenaro  Can't wait!
    3
  32780. Improved the price! 🤡📉🏠🔥🤣🤣🤣🤣
    3
  32781. Right on!😊
    3
  32782. Government gets money through taxes… so “free money” is paid by the rest of the taxpayers. How about “Work Fare”… volunteer to clean a park, or street, and then upon completion get a payment. Maybe volunteer as a firefighter or EMS worker and receive compensation. Anything better than a straight handout.
    3
  32783. My area is sky high and nobody is listing. It’s an exclusive area and I hated myself for not pulling the trigger on a home sooner in Mid 2019. I was able to rent a nice 2/2 for less than half of a possible mortgage payment in the neighborhood I was wanting to live in. I can’t tell you how my pressure came off the situation once I moved in. The neighborhood is amazing. Sewalls Point, FL rocks! Now I have time to wait it out and get the house of my dreams. I never had to work so hard for a home in my life. Huge Follower, Happy 3rd on the channel. May many more years of success to come…
    3
  32784. Cool place
    3
  32785. Good video my man.
    3
  32786. Guys, coming from someone who has student loans and will pay them. (I know what I signed up for). A lot of people I know will just defer them so they won’t actually pay. Also fed loans interest rate is so low. It won’t make a difference in my opinion.
    3
  32787. Isn't it the High Season in south Florida? That means the snow birds are there shopping. So the sales are down now in March, how do you think it will be in June when the snowbirds are gone and back up north??
    3
  32788. Love these types of videos, you did a great job.
    3
  32789. Sad reality = most Americans live paycheck to paycheck..........
    3
  32790. I make 185k and can’t afford a house in Miami lol
    3
  32791. Mike, nope will not be suckered in buying anything with the rates of interest going down a fraction of a %. I truly like your information please keep the honest reporting from the trenches.. I just hope everyone will come out on the end of this down turn in the market safe and above water . I'm frightened as hell being homeless and sitting on fiat in the bank which could go to zero .. not to be pessimistic but like you said 1980s we had unbelievably high interest rates and I was a young tween at that time and seen the difficulties my father who was an executive have a huge real estate speculator we lost our ass had to pack up and moved to our condos in Florida that was some really difficult times and I don't think America's ready for what is coming . I pray I'm wrong .
    3
  32792. Do people own pitbull type dogs in Miami? I know they have BSL laws but not sure if it’s enforced.
    3
  32793.  @MichaelBordenaro  Thanks for the reply, that’s great news. What area of Miami do you recommend for someone who wants to be close to the beach but not too crowded and busy, rent price between 1500 and 2k? Ps, love your videos, they keep me motivated to get out of my cold state soon. Cheers
    3
  32794.  @MichaelBordenaro  Did you buy any more websites that worked for you from any other source? I mean from humanproofdesigns and if so how is it going? i am sure there will be people like me interested to know about that. thanks!
    3
  32795.  @MichaelBordenaro  Thanks man that was a lot of useful input !
    3
  32796. I love the Palm Coast! 😍
    3
  32797. Water leaks into the Lakes of Inverrary electrical box all the time. Building 10 is the worst. The residents claim they can't afford to pay for any services like their 40 year or their 50 year certification. Engineershave looked at the buildings and the multimillion dollar cost has stop anything from being fixed. Built in 1972 and not any substantial repairs ever. Rebar showing and balconies have been falling off for 6 years now. Lauderhill has been letting them get away with all kinds of violations. I'm sure those buildings are going to crumble and become a news story soon. So sad.😪
    3
  32798. That was a very illuminating video Michael. On a smaller, less expensive scale in our UK 🇬🇧 condos, we live in a block of 6 and 3 of them are second homes so mostly unoccupied whereas it is our permanent home. Those condos were the same age as me….I wish someone would rebuild me. 🤣🤣
    3
  32799. If job cuts pick up, poo poo is going to hit the fan.
    3
  32800. I sold just before it went crazy, Rancho Palos Verdes Ca. I got $2.25 million for it. At peak it was probably worth $3 million. I'm holding out till it drops 30% and will pay cash. interest rate has no bearing on me. The values have to come down, the homes now are dumps for $1 million here.
    3
  32801. Ur the embodiment of Pay it Forward just do what’s right not what’s cool or greedy
    3
  32802. I’m moving to Melbourne in Jan, we’ll be there for a couple weeks end of July. Nice to see a day in the life just normal stuff lol. I have an automotive business. That mold is to the core. It’ll never go away surface cleaning it. Unfortunately I don’t have a solution other than gutting it.
    3
  32803. As Klaus Shwaab says " you will own nothing and be happy
    3
  32804. 2012 House prices?? CRAZY !
    3
  32805. The prices will most likely come down 👇 40-60.per.cent... everyone knows the price of homes is perverted.. they are at tulip mania pricing you know how that ended.. everyone who purchased a house in the last 2 years knows that they overpaid.. but hell no they had to have it.. they were driven by greed and fomo... Well all of you will be upside down soon enjoy owning a home that's not worth what you paid for it..
    3
  32806. Very cool. Your guitar riffs are great! Beautiful area that you visited! Did you take that key fob? I wonder if you mailed it in, it the company would have been able to find the owner. Glad you are enjoying your trip.
    3
  32807. Check out the YouTube video on the Great reset , this is what the government is aiming to do
    3
  32808. 💯 agree on the property taxs.
    3
  32809. FHA/USDA/VA loans have just extended their forbearance indefinitely! This will eventually flip them upside down. City of Los Angeles has just extended their eviction moratorium until June 2023. What happens with those homeowners that need to pay their mortgage? Forbearance again?
    3
  32810. Second !
    3
  32811. I enjoy your videos so much. I’m thinking of moving to Vero Beach from NC and see you hopped over that to Merritt Island. Anything to say about Vero Beach? Thanks for this great channel.
    3
  32812. You should also provide how many jobs were made on 2023 to compare to lay offs. Or the data seems bias
    3
  32813.  @MichaelBordenaro  Fair point. Just being devil's advocate. Good content man.
    3
  32814. I just read that more then 50% of Americans have less then $400 saved.
    3
  32815. I put an offer of 200 for an apt in Florida that’s 215. I hope they accept 🙏🏼😫
    3
  32816. Insurance is such a scam they charge so so much and when an issue does happen you’ll jump through hoops, then your premiums and deductibles increases. At times it takes months or years to settle a claim. Insurance companies make billions!
    3
  32817. Here is the same by me west Sacramento MLS# – 222057638 had to walk my lady back from wanting this flip.. great video
    3
  32818. Good video. U should go back home and do a video of your roots.
    3
  32819. That was a good video Michael. It’s true. It’s different when you work hard and earn it. The success is a part of you. Inherence ppl don’t care as much and is often squandered away. Thanks.
    3
  32820. My wife and I are heading up to Cross City this weekend to Stay at the Putnam Lodge. The best prime rib ever, and few Mojitos. I know Cross City is nowhere, nothing there but the Lodge and the Suwannee River. But that's exactly why I like it, and the best part is it's only an hour and a half away. But I always am glad to be home after a trip. I can see by watching this video you are thinking hard about bailing from Miami. I lived in Miami from 1964 to 1972. It was paradise back then. I love North Florida. Especially the big bend area along the gulf. From Perry west on 98 to Eastpoint (St George Island). Keep up the good work Mike. Your videos are both entertaining and informative.
    3
  32821. Not everyone, some said the Interest rates are going up in Percentage. I say, Wait and See ! People back in the 1980 or 1990 paid High Interest Rate , example 18% Know people right now only pays 2.50% for their homes. Remember everyone isn't the same , when it comes to Debt. what people need to do, Keep their health healthy.
    3
  32822. So cool!
    3
  32823. Hurricanes vs wildfires & earthquakes......take your pick🧐
    3
  32824. What happens to property taxes:If houses drop in value does the property tax eventually goes down or do they stay the same
    3
  32825. Amazing content
    3
  32826. The last two, I can afford
    3
  32827. Stay safe, my friend 🙏🙏🙏
    3
  32828. I agree totally borrowing from your 401k isn't a good idea. But people have been getting help with down payment money from family for years. Not an issue if done right. As far as over paying you can offer to the moon. But if you are relying on a bank loan. They are only giving you what the appraisal is. So as long as the house appraises and your loan is based off that. You are good. Even if there is an appraisal contingency . The bank is not going to approve unless you have the funds. As far as risk goes buying any property in south Florida is risky ... flooding, storms... Hurricanes.
    3
  32829. Informative, thanks
    3
  32830. I watch so many of your videos I feel like you live in my house.
    3
  32831. Yes, we may very well be in a recession. And I know that there are people who are dependent on credit cards for essentials but buying goods on credit in anticipation of greater inflation due to tariffs is insane.
    3
  32832. you got the point, Michael! I agree with all of your topics in the video. I can still remember the breeze of the Miami beach and how relaxing the whole environment was. Keywest was also great, but I wonder how they are doing nowadays.
    3
  32833. Thank you for your excellent video.
    3
  32834. Great interview. Lots of really great questions. I do agree with word of mouth to find local contractors.
    3
  32835. 👍🏾
    3
  32836. Congratulations to you and Lisi, Michael! Excited for both of you. I hope you will share with us in more detail at some point, as to how you both decided to stay there and buy in the complex you are currently renting. (You have told us some things, but I am sure we will ALL be excited to hear all of the details!) Glad you are able to own in Miami, since you have been there for so long and love it there. It IS a wonderful city!
    3
  32837.  @MichaelBordenaro  How long do you feel that will be? I'm planning to move down to Florida and would much rather buy than rent. Thank you!
    3
  32838. Love Hermosa Beach! One of my favorite beaches here in SoCal! Check out Corona Del Mar and Dana Point area next time you're here!
    3
  32839. Yeah hes inspiring me right now
    3
  32840. Love your videos. Though I recently watched your 10 favorite places in Florida, and St Augustine sounds like a great place to live. But my brother lives in Santa Rosa beach in the panhandle. Any recommendations near that area? Thanks
    3
  32841.  @MichaelBordenaro  thanks. I'm looking forward to your update on recommendations once you visit Santa Rosa beach. Though I have about 2 to 3 years before I take the plunge.
    3
  32842. Neat! Of course TV news would pick a "negative" title rather than positive, but that's great for you.
    3
  32843. Michael thank you foe your video here. It is sad that people now have to consider living in condo buildings down in Florida. The government administration down there now has to start to check the many other other buildings doing there to make the scene.
    3
  32844.  @MichaelBordenaro  Thank you Michael. I still love Miami and I still continue to hope this situation foes not happen again with other buildings.
    3
  32845. Happy birthday 🎉 And I agree with you, California such a beautiful state. I wish I would clean San Fran and LA up.
    3
  32846. I really like you I hope your channel grows
    3
  32847. Another good video, so nice that u show areas in Miami! Very nice city indeed!
    3
  32848. And the fact that people can't buy for a while...it will be 10 year's when pleople can buy again. When the housing market comes to a full stop, some Politicians come around and say we need to revive the Housing market
    3
  32849. The world is going to slow down buying our debt I mean bonds and since we need to get unbelievable amounts of money this will cause things to change in ways we can see yet
    3
  32850. Rental prices in SW and Central Florida specifically? I would think that between those displaced by Ian, and the thousands of contractors flocking down there now for rebuild and repair work, that rental prices in SW and Central Florida would be going up. Amiright?
    3
  32851. Great news ,thanks
    3
  32852. I am from Canada and I have been looking for condos in Florida for snow bird.but still don't know where and how ?
    3
  32853. Very good content here in YouTube !
    3
  32854.  @MichaelBordenaro  I really like your videos... congratulations.
    3
  32855. There is a short term rental across the street from my house and every week there’s people in and out of there different people everybody on the street hates it. It’s really aggravating.
    3
  32856. As the home owner ins continues its upward trajectory
    3
  32857. Overall, I just don’t like earthquakes in California. Plus, it comes without warning! Florida has Hurricanes, but it’s with warning. Florida is better 100% although California is so fucking beautiful too, I think Florida is better overall..
    3
  32858. Just how your doctor reports everything you say back to your health insurance because that is the entity they signed the agreement with (not you) and your health insurance manages you through your doctor. Corporations are constantly coming up with ways to more accurately assess what your real financial risk to them is.
    3
  32859. I am hopeful cash buyers will be gone in Collin County, Texas. People are still bidding on overpriced homes.
    3
  32860. It’s going to be absolute carnage. Once ESG is forced down our throats, the Govt will be taking over the buildings and homes that aren’t compliant.
    3
  32861. Great video very informative... thank you Michael.....Can you tell me good neighborhoods of Miami beach which are good for living with family?? I think South beach is not a good place to live with family..also south beach is not safe .... thanks again 👍
    3
  32862.  @MichaelBordenaro  thank you Michael.. 😀
    3
  32863. In San Diego, CA WTF news today… SDGE (our gas and electric provider) is proposing new rates based on our income. So the 4 tiers of what we might pay will be based on which income bracket we fall into. That’s the long story short so my electric will go up again for the hundredth time the last few years it feels like. So glad I’m leaving this crazy state later this year and moving back to FL.
    3
  32864. Where is Kissimmee??
    3
  32865.  @MichaelBordenaro  Oh, I know ; ) It should've made the top ten lol
    3
  32866. The cure for high prices is....HIGH PRICES...
    3
  32867. The 2 parties divide this country and is the cause for all the violence we've been seeing. This country should do away with the parties or have a third independent party. 🙏
    3
  32868.  @MichaelBordenaro  couldn't agree more
    3
  32869. Yeah, I was planning on buying there in LA, but after seen it by myself, and asked a lot of people from LA, I declined to move there, is not like it was 12 years ago, so I will just stay either in NYC or Somewhere in new jersey like I originally planned. Thanks for your videos as always.
    3
  32870.  @MichaelBordenaro  keep up the great content, enjoying the videos and learning more about the city i live in
    3
  32871. gorgeous beach view 🏝️ 🏖️!! miss miami, havent been there since ultra fest
    3
  32872. I can watch your channel all day.😘
    3
  32873. Miami Beach = Classic and Iconic. Miami Highrise Living = The Dream.
    3
  32874. Really enjoying your videos!!! I have a question. Do you know if there are escrow companies in Miami Beach who will accept Bitcoin as settlement for a condo or home purchase instead of a mortgage? I am actually looking to buy a new place and would rather not have to deal with banks or tax returns. Would rather just use Bitcoin to purchase something directly.
    3
  32875. where do you think is the best affordable safe beach town to move to for first time from out of state? really love florida but can’t decide on a city.. love your videos thanks!!
    3
  32876. They were laundering customer funds to the DNC and Ukraine.
    3
  32877. Great more free money just what people who save and plan ahead need. Pathetic
    3
  32878. We are reevaluating our insurance needs on the properties we own outright. We will probably push the deductible up much higher. We do want fire and liability not sure if we need much more. We have a separate Earthquake policy with a large deductible and it is reasonable. But maybe we will drop that. The majority of the value of the homes is in the land.
    3
  32879. Will you stay in Florida?
    3
  32880. I love natural dunes too, so pretty
    3
  32881. Twinsies!
    3
  32882.  @MichaelBordenaro  Sounds like a plan!
    3
  32883. HI MICHAEL 👋 GREAT SHOW 👍 YOUR BIG FAN 👍 THANK YOU CANADA.
    3
  32884. Not sure about FL but in NY when I refinanced a few years ago to convert from a 30 year to a 15 year mortgage to take advantage of lower rates I had to pay the property taxes (even though my property tax was paid up for the year) as part of the closing costs in addition to a few other hidden fees like Title search, copies, mailings, city and state taxes etc...It was like closing on the original purchase minus the thrill. At the time I had 20 years of payments left on the house. I didn't understand fully that I would lose all my equity in the house by refinancing which then reset the clock on the new loan. I should have just paid more towards the principal since my monthly payments stayed about the same with then new loan because I borrowed less since I owed less after a decade of monthly payments. Some lessons in life you really pay for dearly.
    3
  32885. Well well well, the tag team'ers are three super stars now, you guys do good work!
    3
  32886. Miami is heaven on earth 🌍
    3
  32887. Michael Bordenaro many exotic islands around the world 🌍 but miami is with so many variety of people endless that each person has exotic color🌺💞🌺💞
    3
  32888. Hopefully you are no where near all the fires in CA! Smoky in Las Vegas today!
    3
  32889. 35 miles wind and the top of your hair doesn’t move a millimeter. :)
    3
  32890. Nice video
    3
  32891. Michael, great video! I just wanted to add some more info. My mother moved to Coconut Grove back in the mid 60's. I grew up near Dinner Key Auditorium and actually watched through a window as Jim Morrison and the Doors performed drunk on stage and was arrested by the police. I worked on a shrimp boat in the summer and, fished, snorkled, sailed and explored small islands in Biscayne Bay. I loved visiting Viscaya and the Science Museum down the street (Bayshore Drive). I graduated from Coral Gables HS, moved to Ft. Lauderdale and graduated from Florida State where I was in the Marching Chiefs (I am a musician as well). I loved all those places, including Tallahassee. My relatives live in Melborne. I'm currently retired and live in Venice. I've spent many years in Florida and have come to realize that it's probably the best state in the US to enjoy life. The weather can't be beat and the beaches are everywhere! (Don't come here if you're afraid of hurricanes). If you're young, you can't find more fun things to do in any state (and I've lived or driven through all of them except a few of the New England states and I've lived internationally). People think it's hot here but it's really just the humidity that gets to them. It's common to come back from visiting relatives in PA in July where it's 101 degrees and land in Sarasota where it's only 84 degrees. The heat lasts from June through October most every year with a week or less of winter, a day or two here and there. From Nov through June, it's pretty perfect, reaching mid 70 during the day and maybe low 60's to high 50's. I didn't want to list all the cities in Florida I've visited or lived in but would like to say I totally agree with all the places you listed as great places to live. I wanted to mention Tallahassee is a really hopping college town as the state capital. There's plenty of entertainment for everybody at Florida State University and Florida A and M University. Key West is a "must visit" bar and beach town, especially for the LGBTQ community. What a great town! Panama City beach is another great beach town as is Daytona and St. Augustine which you mentioned. If you are young and looking for work, you can find it anywhere you want to live. If you want noise, young people, bars, nightlife and excitement, you can't go wrong just about anywhere. Even the small cities here will have affordable housing and some kind of night life and entertainment. If you are retired and want affordable living with a hospital on every other street corner, you can find that too. There's lots of musicians here from all walks of life. It's mostly conservative with a lot of military retirees. Overall, there's lots of good people here. That's why there's such an influx every winter of "Snowbirds" from up north (Ohio, NY, NJ, PA, Canada). A lot of towns lose half their population from May through Nov. We love it here. The kids love it here. We're trying to find a small place in the mountains up north just for an occasional change of scenery. But, overall great video!
    3
  32892. Open Door is at $14.54 as of Sept. 21, 2022
    3
  32893. one more thing, " dont buy iphone lol "
    3
  32894. This is absolutely beautiful, gosh Miami has a stunning landscape. I took screenshots a few time of your video. Thank you so much for the view and also explaining everything!
    3
  32895. Wow! That title scam sounds scary! Thanks for always helping us with important tips, and looking out for us, Michael!
    3
  32896. I’ll help you visit all the beaches! I wish. I live in Michigan. But Lake Superior has a lot of great beaches so I’ll be okay.
    3
  32897. Great real-time Intel and perspective in the R/E Market....Thank you, Michael for your efforts in 100+ Degree heat , to make these Videos !!...Stay Cool in Miami !..lol..Take care..
    3
  32898. Great info!
    3
  32899. Thanks! Never been in Miami yet, but I dought, that here is more dangerous that russian roads. Unfortunatly, that notoriously huge amout of dashcam videos exists for a reason. But yea, riding in t-shirt unsafe)
    3
  32900. Sellers who pull their listing off the market before the holidays aren't serious sellers. I have shown homes on Thanksgiving Day (Mmm the turkey smells great) and Christmas Eve and New Years Eve. These sellers were serious. I would be interested to know how many of the sellers pulling their property off the market and intend to relist in the Spring relist with the same agent or agency.
    3
  32901. Michael Bordenaro I’ve been there during February but only for a few days, I plan on doing a longer trip this winter. Florida is fine but where I’m from (Tampa) is seeing rent go up soooo quickly to me it’s not worth it but I suppose the grass is always greener! Definitely not looking forward to state income tax but definitely am looking forward to being able to ditch my car!
    3
  32902. I moved to Melbourne, I’m having serious regret. It is such a small boring area
    3
  32903. Hello Tent City USA 🇺🇸
    3
  32904. The government has NO PROBLEM throwing our money away.... Trash cans that cost thousands, studies on the health of fish on a treadmill, and more wonderful stuff.
    3
  32905. Michael, just discovered your channel this week. Enjoying your videos. Watched both parts of your "Walking Tour South of Fifth" while viewing on Google Map. It was like I was there with you. Great videos! Thank you!
    3
  32906. Interesting! I watched with an open mind, but in the end I agree with you. I don’t see paying a lot more for any of the positives you describe. For me, a walkable place to live is 100% of my criteria, and I’m just not aware of any gated community that is walkable. (I have mostly ended up in either big cities or college towns). Good points, and some I would not have thought of.
    3
  32907. I feel I have rea-estate blood in me, but I don't have a job in it. I'm so interested in homes, but not in the market to buying yet. I would love to have a 70s brady bunch house built (I have made some sketch paper and pencil plans for that house). Then I also want a 60s home like in the Apollo era. I also want an 80s home like in Miami Vice. My suburban roots go back to house built in 1981. Now I'm nostalgic about that home. Am I going nuts?
    3
  32908. If you tell someone in California that you are planning a move to Florida, this is most likely their response: "Are you out of your efffing mind"!.....
    3
  32909. Hurricane data is BS, Michael. Feeding the climate change agenda. No named storms is the clue. I believe that about as much as I believe Fauci about Covid.
    3
  32910. Far too intrusive.
    3
  32911. The thumbnail you showed of yourself "holding" Hurricane Irma...some outsiders might think, "How did it get away from his grip and how could such a tiny hurricane do so much damage?" But seriously, a great analogy between disaster and financial preparedness.
    3
  32912. nvestors are holding their houses now because idiot real estate agents are telling them to do so as "property never goes down"!!! This happened in 2006, same advice from media , govt ect but the crash guys warned heavily to get out and THEN CRASH and inventory flooded the market as every third house in the US was up for sale it seemed from photos. When you lose 50K on a stock it stings, When you cant get out of a house and lose 200-500K, you have to call bankruptcy and the US, Aust NZ ect are sleep walking into this now EVEN AFTER seeing 2008 and the GFC, Humans make the same mistakes over and over. They dont think ahead and reason... As for so many gods and Scientology and scams ,hmm Humans are gullible and never seem to learn...
    3
  32913. I'm in CA, so the time to buy here will probably never be. I will consider buying elsewhere for investment property in 2024. 🙏🏾
    3
  32914. Yayyy. Bring on the inventory and lower the prices. Sadly, the real pain is still to be realized with bidenflation. Once he forgives students loans and Powell,does his magic, people are going to start freaking out. Holding out until the prices come back to Earth. Until then, BTC…
    3
  32915. I totally agree ...I love the drives and relaxing commentary ...ever think of driving a hop along tour bus, Michael? You know, the homes of the rich and famous?
    3
  32916. Killing off households economically certainly works to increase supply but i cant agreethat is the way supply should be created.
    3
  32917. MBS went no-bid when the Fed tried to sell. The market isn't stupid and doesn't want to buy the Fed's junk at the peak of a housing bubble. That means those MBS will have to stay with the Fed and blow up on the Fed's balance sheet instead. If you look at investment grade, .gov guaranteed MBS prices, they are tanking. The Fed should have stopped buying and started selling a long time ago. As they have demonstrated over and over again, they aren't exactly the brightest tools in the toolshed. This should be entertaining to watch...
    3
  32918.  @MichaelBordenaro  very hot night here 80 degrees checked Miami for comparison and it’s 86 degrees there even hotter
    3
  32919. Ileegal immigration is America being destroyed!
    3
  32920. Loved this personal tour with commentary! Just perfect
    3
  32921. Wow, that's very interesting stuff. I built my house with my own hands out of pocket so I don't have a mortgage. Yes, the insurance policies don't cover your house and they are very expensive. Insurance is a complete scam. The only aspect of insurance that I really need on my home is fire but if you tried to collect it would be very difficult because they would most likely screw with you. The insurance business is the largest and most profitable business in the world. There is a reason that they screw with people and pay out less than what the damages are. If I wanted fire insurance than I would have to get all kinds of different fire insurance because one fire isn't the same an another. It's just like flood insurance. The water causes the hill side to slide on your home but they won't cover it because they call it a land slide and your screwed.
    3
  32922. Child support is also a reason for Social security will be gone. They match the dollars
    3
  32923. was looking for a vac. 2nd home $350-$400k. over bids multi offers missed one by $10000
    3
  32924. Florida and Texas. . .OVERRATED.
    3
  32925. Hi Michael, what do you think about St. Petersburg?
    3
  32926. 👍In top notch neighborhoods --- low crime, excellent schools, mostly white/asian -- houses still sell like hot cakes. In my area (west of Houston) it's mostly people who have sold their overpriced California or NY shack for over a million, then buy a large modern recently built house here for half the price. Esp Asians who value a 10/10 school. They pay all cash and the houses are selling within 2 weeks. The flood of money with resultant pushing house prices up on the Coasts created multimillionaires just from sitting in that house! Not sure if these areas will ever see a correction to the mean. The Fed has created a monster RE market.
    3
  32927. 4 pm Sunday? I'm game! I'll pop open a coconut water LMAO
    3
  32928. Great video Hope you both have a great weekend 😊
    3
  32929.  @MichaelBordenaro  yeah but St. Augustine?
    3
  32930. Hi Michael.. would like your opinion please... my wife has 2 yrs before she can retire (I am already retired) we have been renting for about 4 years now because we are seriously thinking of moving to the middle of the state (The Villages area) as it gives us more opportunity to make day trips to other areas of the state.. with that being said we live in a 2/2with garage 55+ villa... we pay $625 a month which includes w/s/t and hoa... our LL has promised (in writing) to never raise our rent... with housing prices and I'm sure the interest rate will be rising it is making it very difficult for us to even consider moving... your thoughts.. Thank You.. the Mrs and I appreciate your videos!
    3
  32931. Hi! amazing video. I hope you don’t mind me asking a question. I am currently living in germany and having dreams of studying somewhere in south florida, to become a surgical technologist. (I make about 40k to 60k a year) I will go to a community college which is best for international students, have a good scholarship hopefully and have fafsa (Financal student aid) I am also on a part time job right now and I have calculated some stuff. Until I finish highschool here till 13th grade, I make about 27.000$ here so I wouldnt go empty to florida. Once I arrive there, I will also look for a good part time job + try to find a good renting apartment. How do you think it would look for me? Would I be able to survive? (Also I am pretty much a cheapskate, I use things wisely to avoid spending too much money and I am careful on not wasting any money.) I’ve thought somewhere of Pembroke Pines, Coconutcreek, Coral springs etc. I would love a reply!
    3
  32932. Michael Bordenaro Thank you so much!!! I absolutely will.
    3
  32933. Michael Bordenaro Hey!! Thought I would update you with my journey! I just got accepted into a organisation where I am currently doing my cambridge certificate which is for studying abroad (so that it shows how good english you can speak) and for applying jobs etc and it has a lot more benefits!! It’s best for international people studying in different countries and then applying for jobs etc. I am so happy!!
    3
  32934. Michael Bordenaro Thanks!!
    3
  32935.  @MichaelBordenaro  Thanks so much, will do and keep you in mind when we're ready
    3
  32936. ALSO very glad to see your numbers growing and GROWING 😊
    3
  32937. The stock market is disconnected from reality? What else is mew?
    3
  32938. I'm sure you are going to hit 100K subs out in Cali!! That was probably your plan all along 🤔 Keep up the great work, always enjoy the wealth of information in your vids.
    3
  32939. My wife grew up in Belvidere
    3
  32940. I enjoy your daily walks, but if you need to go inside at times like now when you might have a broken toe, do it. Using it too soon without elevating it, might make it take longer to heal. So, no worries, we will understand. Hello to your lovely wife too! Thanks for your hard work on your channel @michaelbordenaro
    3
  32941. 1st !!
    3
  32942. Somebody will come with the idea that will have to pay Anchorage
    3
  32943. I like you mixing things up :) I thought the quality and content was very good! What kind of dash cam did you get?
    3
  32944. How far from eden roc hotel are ya?
    3
  32945. THE GOONS WLL PAY THEM A VISIT. EASY WORK . NOT SQUATTERS OVER HERE .
    3
  32946. Hows north beach redevelopment going? will it be as nice as surfside or mid beach ever?
    3
  32947. Very interesting. I think your subscribe reminder is a little too loud though.
    3
  32948. We bought a hidden gem back in Sept 2020. Yes, we used an escalation clause to outbid other buyers and paid above list (not out of pocket, included in our loan). Yes, we had to give 30 day occupancy to the seller. Yes, there were things we had to fix/change once we moved in. But we still got a great house at a good price despite all this. We had an instant 10k equity after the appraisal and a low interest rate—I’ve thought many times since our closing that I couldn’t imagine house hunting in 2021-22 with how much crazier the market got with each month!! —Midwest
    3
  32949. Can you ask your building manager for the maintenance reports?
    3
  32950. Spent to years in Deerfield Bch when I was young. Beautiful area, always sorry I moved backed to Pa. can’t wait to retire early and move to the greater Tampa area.
    3
  32951. So basically every company in the country. :/
    3
  32952. Love all your vidoes, happy I found your channel. When investing the mortgages are 30 years, you subtracted the mortgage in the scenario. The investor would have to wait a long time. Im 40 years old now.
    3
  32953. I only eat the North Atlantic Cod sandwich at Culver’s 😄 delish. Also I throw away the top bun and eat it as is.
    3
  32954. Stay positive, Michael! I think there is going to be a price-awakening in the coming years, as the finances of the country are very shaky. Those who persisted made out well right after the 2008 crash, and I think the next one will be much worse. You might also investigate the foreclosure market. My RE investing antennae have trained me that regardless of the overall market, there are always deals and motivated sellers. I know it can be frustrating, but sometimes you have to dig deeper, and not just listen to the mainstream players. Realtors, no matter how knowledgeable, want to sell you a home, so they do not necessarily know all the options available. FSBOs and unlisted properties are always around. In a state like Florida, there are tons of out-of-state owners, and the ones who are open to sell are often the most motivated of all. Pick a few neighborhoods you like, and become an "expert" on those areas. You will be surprised what you uncover. Talk to people wherever you go - coffee shop, cleaners, cashier at the grocery, waitresses/waiters, etc., as they often have a lead that might be unknown to others. If your desire is strong enough, you can reach your goal - even if in a different manner than you expected. Keep the faith!
    3
  32955. A thousand to 1400??? I'm paying 1000 CAD (750 USD) a year for a house in Ottawa, where there are practically 0 natural disaster! And that's after getting about 8 quotes!
    3
  32956. What is your opinion in Pensacola?
    3
  32957. We're interested in moving to Palm Coast and been doing a little research. I haven't heard anyone mentioned the distance or availability of little stores nearby the communities. I wouldn't want to drive 15 minutes or more to get groceries or beer either. Good to know. Did you visit other areas other than what's on your video?
    3
  32958. Great video!
    3
  32959. Your videos are informative and well researched. Thanks and keep it going.
    3
  32960. In my condo we had the neighborhood watch. There are a lot of retired people looking for something to do, and the neighborhood watch worked shipshape
    3
  32961. Unemployment numbers being low is a lie ! Just talk to real unemployed people who have been looking for jobs for months and maybe they get a random interview which most of the time ends in not getting a offer! I know few of them! One of my friends has applied to 300 jobs only got 5 responds and 2 interviews. Where are the jobs ! 🤔
    3
  32962. Vacation is a must to anyone that wants to stay sane in their life! You need to disconnect...
    3
  32963. 🎂🍹🎂🍹🎂🍹🎂🍹🎂🍹🎂🍹🎂🍹🎂
    3
  32964. Where in Florida do we find the most conservative, freedom-loving politician's and people? Definitely not Broward County. These things need to be mentioned in videos like this since the political climate is so volatile now, sadly. My interest would be: lots of great local restaurants, less people, less traffic, cooler summers, reasonable home prices, near highway to escape fast, awake people....
    3
  32965. The real dynamic duo! Can't wait to hear this presentation!
    3
  32966. Perfect timing Mike, since the weather has been nice up north, I've slacked on working out the last 4 days. Even though I watched your video late , I had to do a quick cardio.lol your inspiration WORKED....hope you guys have a blessed Easter.
    3
  32967. What if the banks don't have the ability to offer credit?
    3
  32968. Good assessment, Mike! The big difference from the last recession is a big majority of mortgages now are fixed rate, compared to the speculative variable rate mortgages of 2008. So, the Feds have more flexibility to raise interest rates, because current mortgages will not be directly affected by the rising interest rates. People will be paying the same amount each month, which is good for them as leverage. The thing to look out for are the potential layoffs, like you said.
    3
  32969.  @MichaelBordenaro  Agreed!
    3
  32970. Good video. It is true locational change cannot change the person,
    3
  32971. Florida is going threw the roof!! Love it but insane.
    3
  32972. Home values are over by 50% Vehicles about 30% Food and gas by 50% Going to be a longtime dropping back
    3
  32973. How soon before moving should i apply for jobs ? Ill be putting my home on the market as soon as this monday and wondering when i can start applying and how long florida takes to hire, i heard florida moves a bit slower in this aspect compared to new york state
    3
  32974.  @MichaelBordenaro  thanks for the response. Its about the time line i guessed to start applying. Hopefully they dont push my resume aside because of my new york address
    3
  32975. I like twilight walks. It wasn’t too dark. There are opportunities for the rich, but the poor do what they can. If all they have is credit, they will run that into the ground. Banks need to lower rates, or they will just lose the money from defaults.
    3
  32976. Nice Wife! You did good : )
    3
  32977. Just realized that you made this one 👌. Only thing I would say is if you live in Illinois close to Chicago or in Chicago, it is a very culturally diverse city , further into the burbs maybe not as much.
    3
  32978. Wow Michael, Randall here, what a wonderfully moving video on how you grew up and where you grew up. Your dad did a great job being on Youtube for the first time, telling how you were raised. :) I understand his emotion and I was moved to tears myself because your story is similar to mine. My Dad worked and retired from the USPS and my folks split when I was about 4. yrs old. I'm the youngest of 3 boys. Your Dad was raised like me, we are not far about in age. I feel younger than I am and live an active married lifestyle. I'm so happy you had a great childhood despite your folks splitting. I did too, luckily my Dad stayed involved. When you left home for Florida, it was comparable to other children, like me, that left home to go off to college. I find it amazing how similar we are with different stories. If your Dad does end up coming down top Florida, it would be interesting to document that move to Florida, if he is willing. Looking forward to the rest of your trip. Cherish the memories you are creating with Lisi and your family now. It will be great for the both of you while increasing the bond you have. Peace and Love to you Bro.
    3
  32979. In desert AZ right now at 2 pm AZ time 107 degrees
    3
  32980. Did I hear you say “Wife”? I thought you always refer to her as your girlfriend, when did you guys get married!?? 😁 Congratulations! 👏 🍾🥂
    3
  32981. Another great show. Appreciate your research. Just saw this article. Seems logical in our NOW illogical world. "WEF SAYS ‘BILLIONS’ WHO COMPLIED WITH LOCKDOWN RESTRICTIONS WILL ALSO COMPLY WITH ‘SOCIAL-CREDIT SCHEME’ Posted by blazingpress | Sep 26, 2022 " Greetings from Southern CA.
    3
  32982. I always wanted to live in a high rise with a awesome view of the ocean. I simply never had the bread to do it.
    3
  32983. Checking CHEAPEST rents around Florida- 1br - they are coming down Finding rentals in complexes from $650-900 all over Tallahassee $900-1200 in the Sarasota Bradenton area $900-1200 Clearwater St Pete $800-1100 Ft Myers $750-1000 Pensacola FORGET SOUTH FLORIDA ! Have had SURFSHARK for 2 years and love it !
    3
  32984. Love the videos! From Elgin IL, work with people from your home town. We are looking to move south in 4-5 years. A lot of time to decide between Texas and Florida. Do you think you’ll ever do a video on the beaches in Destin? Have you ever been to the beach in Fort Desoto? Thanks again!
    3
  32985. Michael Bordenaro, awesome thanks! Will keep watching. And yes I was born at Sherman as well! Well the “old” Sherman, is no more and is medical offices, has been used in a few movies “contagion” is the most notable I believe, and most recently was turned into a COVID overflow hospital that was never actually used thankfully, new Sherman is built on other side of town. More info then you were probably interested in probably! Haha! In-laws are in West Palm area so have been there a few times, but thankful for your channel and the info!
    3
  32986. You got a Chicago accent
    3
  32987. This collab is absolutely bonkers! 🙌
    3
  32988. Have any preference over the panhandle area? I only been to Pensacola Destin and pcb.
    3
  32989. We downsized when we moved out of the mountains and into the city. We paid 317K cash and six years later it is valued at 550k. We were able to transfer our tax base from when we built the home 25 years prior. We have no intention to sell, not now or ever. I know a lot of other folks that feel the same way as California will normally tax you dry. Our taxes reflect a 220k value, so why even think about selling as it is a one time only transfer.
    3
  32990. I'm glad you say it's coming. For those of us who have cash high interest rates can only be good 👍
    3
  32991. he's in Miami
    3
  32992. South Florida is one Andrew away from massive disaster and mass exodus.
    3
  32993. Looking for a 4+ bedroom house in the 2000 - 2300 a month range. We want Boca but we are open to other similar areas. Is that a realistic price range?
    3
  32994. You will be traumatized once you step foot into San Francisco Michael. I live in Sacramento would love to meet up with you in the Bay Area sit down and talk with you about Florida and cali. Please let me know if you want to meet up because I would like to meet up.
    3
  32995. I heard it will be law soon that all condos will need to have 100% of their reserves before owners can sell. How does a property determine their reserves ? Beverly Hills stopped all permits for home improvements until they reach their quote of affordable housing.
    3
  32996. Thank you for such an informative video! I always learn from your videos and I appreciate that. It will be interesting to see how this horrible tragedy changes things. Hopefully the inspection cycles will be updated to be far more frequent and thorough. 40 years seems like a really long time for a building inspection especially in an area like Miami.
    3
  32997. Look, people just have a hard time sticking with anything: relationships, cars, investing strategy, dieting. That's the reality. And that's what bites you....every time you do a sell and subsequent buy you are talking a huge hit. Tax wise, depreciation, costs, etc. Sure we see successful flippers but really how many are there and what is their long term (20+ years) track record. Slow and steady, buy and hold....builds wealth through appreciation AND by avoiding excessive transaction costs. But I get it....most people can't hack that. Call it boredom, call it FOMO but it's everywhere.
    3
  32998. My relative bought a Honda Accord for $34,000 yesterday and his monthly payments are $609a month
    3
  32999. I’m not looking or buying for at least a year.
    3
  33000. I’m not buying in a seller’s market, which, make no mistake, we’re still in. Too many eager beaver buyers champing at the bit to buy a home at a 10% discount off prices up 50% in 2-3 years. I’ll wait until the pendulum swings the other way, and the tide out goes out on everyone who overpaid for their homes due to FOMO, and then took out HELOCs to put a new car (even more overpriced than the home, no less) in the driveway, all with a household income that can barely support the mortgage and property tax payments, let alone their existing debt, let alone the new debt they will keep taking on to keep keeping up with the Joneses. I will be as patient as I need to be to get on the right side of this equation.
    3
  33001. Yay! Now people can afford a home they can't afford anyway!
    3
  33002. Why is everyone wearing a mask? I thought Florida had lifted its mask mandate!
    3
  33003. Crash bros in their natural habitat always rooting for the crash 🤣
    3
  33004. Thankfully traffic in MD is bad and it will be an easy transition to florida haha
    3
  33005. THANK love listening to you 😊
    3
  33006. I'm glad your aware what's going on. Here/Charlotte county new home lie 1/2 finished & abandoned. Rental home sit empty. Home flippers ceased ops 6 months ago. We had a good 3 years with the past administration with 1.4--1.7 inflation. U tell me??
    3
  33007. Why are your walking videos so mesmerizing? I sit here watching them, eating my lunch in this cold WI winter, escaping for a bit. I'm 49 years old, and FINALLY got to visit Florida for the first time, last November, a few months before Covid ruined travel. We started out on the west side, by Clearwater Beach, and then drove down and then east across Alligator Alley. We intended on stopping in Miami for a quick visit, but then didn't. I wish we would have! We saw that huge guitar shaped hotel off in the distance. Crazy. Anyway, I hope you keep making these! I like the commentary, that's what makes them special.
    3
  33008. I am against foreign investment in US real estate market. It is not fair for local people. We are already stabbed by these big conglomerates who have diverted their millions and billons into buying out homes and renting them out at higher rents leaving ordinary Americans with no hope to buy a primary residence for them. On top of that, we have investors from all over the world. This will only increase public's woes. As a realtor,, you should show some patriotism. People who live on the land MUST have the first priority to own a home for themselves.
    3
  33009. Not many beach’s in Key West
    3
  33010. We are out of currency everwhere Panic has set in
    3
  33011. Loooking GREAT bro !! Like all your videos in any format! But what the hell bro, you don’t play golf?! Nothing like chasing a white ball down the course cursing and chilling while you drink a couple of adult beverages with some good friends, leisurelaxtion I call it. Except when I suk which is always…hahaha. Would hang out with you anytime on the golf course and talk real estate bro. Keep the videos coming.
    3
  33012. For 1700 that’s a bargain 🤘🏻🤘🏻
    3
  33013. I’ve got a Santa story . Here it goes ; my good friend loves her cruises so much she was the dentist in Holland America lines . She wanted me to go in a Wind Jammer cruise for New Year’s Eve . Well that was the year a ship was lost never found in the Caribbean. When I arrived o to our ship the Seas were raging the boat was practically upside down . The ship lest St Martin the next day . My friend and I took a bumpy walk down to get breakfast. That’s when we saw the ‘real Santa’ he was sitting with his one up in shorts 😳my girlfriend turned to me and stayed @ that’s where Santa’s balls went . Yuck
    3
  33014. Coral Gable High class of 67 miss the grove miss the gables
    3
  33015. It's shame what Florida prices have come to. Dang you California!
    3
  33016. Omg 😱 Florida car insurance is outrageous!!! I have 7 vehicles in Ma. 2014, 2011, 2008, 2000, 1999, and 2 older motorcycles. Own them all and monthly bill is $350 Does it matter in Fla how good your driving record is? Is it that much to register older vehicles you own?
    3
  33017. Hi from Australia and in the past I put My house on facebook market place and many estate agents sa My ad and contacted Me and I did choose one that worked for Me but if I had to do it again I would sell it Myself.
    3
  33018.  @MichaelBordenaro  i live in north africa and it's cold as hell i wish i could swim at this month
    3
  33019.  @MichaelBordenaro  the north is cold meanwhile the south is so hot
    3
  33020. Cool tour! I really like all those small towns up the coast. Vero Beach Club really charmed me in just about an hour. The waitress was super nice and genuine (not a sarcastic little brat like we get in Virginia), and I even spoke to some fellow tourists there just sitting down for an appetizer. And it wasn't a ton of money for a small plate and a beer, like you showed at Melbourne. Thanks.
    3
  33021.  @stevewalther2293  So nice of you to say. Thank You!
    3
  33022.  @soniadowney7427  Thank you so much!
    3
  33023. Companies moving out of their offices may be a precursor to higher unemployment. But one thing that IS for sure is that downtown area businesses will be hammered for lack of customers and smaller business will be closing. What will also happen is that smaller businesses will start opening up nearer to residential areas, to serve those people who will continue to work from home. Let's see if those two balance each other out. I doubt it though.
    3
  33024. Great video! Thanks for the tips!
    3
  33025. I love the big trees, that you are pssing as you tell us what percent the rent is down, what part is this called and please check out the beautiful trees
    3
  33026. Red crowned amazon parrots.
    3
  33027. Come to East TN beautiful and fun....see ya
    3
  33028. I admire your honesty, humility and your good faith in addressing on real estate trends and giving advice.
    3
  33029. I'm from Gary and I can say it's not the most desirable area to buy. The economy is really bad there, but it would be a good option to buy there and commute to work in Illinois. Not many jobs and schools are not great either 😞
    3
  33030.  @MichaelBordenaro  that's perfect but do u think u can find $1300 rent monthly in that area if not please recommen other area, thank you for your time
    3
  33031. THE STOCK MARKET IS B.S. Here is why, In 1913 when it was created it went up based on performance. Since 1971, 2001 and 2008 it went up because the Fed printed monies and fed the beast aka the fake stock market. THEREFORE THE STOCK MARKET IS B.S. Saudi Arabia says, why should I sell you any real oil for your B.S. fake outta thin air printed petrodollars? Oh sorry if we're not supposed to know this...
    3
  33032. Yeah, and they move back to the economically stagnate area they came from. I would put any of the economies and job markets in any of the major or mid-size Florida metro areas up against any other good metro areas in the country.
    3
  33033. Dats Ma boyyyeeeeeee
    3
  33034.  @MichaelBordenaro  When the in March I was doing rushed research in search of a bank. I was trying to open an account ASAP to receive my stimulus check. Bank branches were redirecting everyone to their websites. I wound up using a card I got from a check cashing place. All the fees. You really narrowed it down for me. I had Wellsfargo in Houston.
    3
  33035. I am against government interventions in the free market. I don't think it makes a difference what country it is. If the buyer clears a background check they are welcome. Government is the enemy. I have no solutions to affordability; wish I did. Agricultural and tech businesses are different. Another stupid decision was to let China buy SMITHFIELD farms in Virginia. Boycott China!!
    3
  33036. I moved to fort lauderdale from chicago 2 years ago, i like it but the heat 8 months of the year is a challenge.
    3
  33037. Great video Michael. Most people can relate with these houses and their prices. Awesome spot to shoot a video.
    3
  33038. I never see anybody swimming. What's up with that.
    3
  33039.  @MichaelBordenaro  Lol. The beaches and Disneyworld. In Florida we can get a nice house near the beach for $500,000.....In California it would be over 1 million.
    3
  33040.  @MichaelBordenaro  I recommend Santa Cruz or San Diego.
    3
  33041.  @MichaelBordenaro  Where do you recommend in Florida that is a good environment for kids.....within 30 minutes to the beach ? Thanks in advance.
    3
  33042.  @MichaelBordenaro  Boca Raton looks awesome......but that HOA tho 😳
    3
  33043.  @MichaelBordenaro  That's the perfect way to do it and the perfect time to visit. Try out Carpinteria just south of Santa Barbara next time and visit Ojai east of Ventura in the hills. You will love those places. The hills are beautiful.....pity Florida has no mountains or hills.....
    3
  33044. Good job Mike. Thanks!
    3
  33045. It's amazing how so many people from Californa, the North East, and the Midwest are moving to Flordia! that tells you something
    3
  33046. You should check out Colorado Springs
    3
  33047. I had to put the air conditioner on today and I live in Buckeye Arizona can’t wait for the summer and my electric bill
    3
  33048. Lol!. I’m old enough to remember Gemco and Fedco. 😊
    3
  33049. And I'm sure the government also appreciates the higher taxes ..my condo is undergoing major underground work as we speak ...I guess that collapse in Florida woke a lot of people up.....enjoy the March break partyers next month l0l
    3
  33050. Does US$3000/month incl. taxes & insurance include the HOA or its condo equivalent?
    3
  33051. That's a gorgeous ecological nature island , an amazingly beautiful , wild environment rarely seen in every busy space of the modern world ...,
    3
  33052. I can totally tell that you're cooler. Lol Edit: I love the beach, but not feeling the rest of it.
    3
  33053. One of the things that really, really needs to be talked about and discussed in these financial videos is, psychologically speaking what is real money, especially historically, when you know the printing, electronic digital manipulation, redefining of terms will never stop in efforts to prop up the status quo.
    3
  33054. Barnacles 😂 I have a Rubicon and I'm sure it's gonna break my heart
    3
  33055. wow you are getting grey pretty fast
    3
  33056. Your Pop’s raw emotions and love for you is bringing tears but happy tears ❤️
    3
  33057. Thank you for all the information.
    3
  33058.  @MichaelBordenaro  Sure thing, I know hurricanes are scary and seeing as though you guys were caught in a serious one like I said not fully being prepared to bunker down is a bit nerve wrecking. Living here in Cali I’ve had some experiences with a few earthquakes however you’re the true trooper in natural disasters with tornadoes, I’m actually terrified of those things 😳.
    3
  33059. Great video , so much truth here !
    3
  33060. I related completely, spent last weekend In New Symrna Bch, then went to Sarasota. Got back home in Pa and the trip reiterated how much I’m looking to moving in the future.
    3
  33061. I agree, real estate is scary as crap right now. The S&P 500 index has gone up "569% in 13 years", according to Phil Davis, investing expert. You can still buy the SPY fund from your broker today. Don't trust the 500 biggest stocks to continue to go up? Fair enough, buy 100 shares, and sell a covered call a few months out for thousands of dollars. That protects you from anything but a total collapse, and boosts what you get from the dividend. I took advantage of the current bubble to get out of my Northern VA rental at a long term loss, but a short term gain, because I got some cash after the loan was paid off. It was particularly bad when the pandemic first hit, and I was fired from a job I had just gotten. I could not qualify for unemployment, and yet was still counting on my tenants to pay the mortgage. But I am not sitting on the cash for long, because the inflation is coming. American Bulls just put out the Buy alert yesterday for the GLD fund (which is your Gold investment). So I am adding some low risk option spreads on that. You can really insure a world of possible outcomes with options for cheap.
    3
  33062. The people that are on fixed incomes senior citizens they rely on that,really suffer it seems that like they want to make California and Florida places only the rich people can live and that's the way it's going to be We still need to rely on oil We cannot switch overnight This is something that's way in the future But we do have to recognize climate change A lot of people don't, we would also like to see some average houses there thanks for informing us you are always right on
    3
  33063. I've been ordering from Boston Market for years in Tampa and go pick it up on Thanksgiving day. A lot of people do the same; every location is usually packed. This year since I got rid of my car, I had to do delivery and found out they only deliver for $300 orders so this year is already very expensive and we'll be eating turkey and chicken for a long time lol I agree. Cooking huge meals for 1 or 2 people sucks. Years ago we used to go to Perkins (before they were closed down). I never really found a replacement.
    3
  33064. there are many countries where foreign people cannot own land. Mexico for example. What happens is you contracts a local to own the property for you.
    3
  33065. One thing a lot of people don't realize about homeowner's insurance in Florida is that, unlike most homeowner's insurance policies in America, it is not subsidized by policy holders outside of the state of Florida. Only Floridians subsidize other Floridians, which is why most of these smaller insurance companies do not have enough assets to cover liabilities from roofing claims or hurricane damages.
    3
  33066. Michael, what do you think increasing longevity will do to the economy in the future. I’m seeing more and more people in my community continue to live in their homes well into their 80s and 90s. I’m sure you see that in Florida. Studies have shown that life spans could increase to 120-150 in the near future.
    3
  33067. I hope you are right about Fresno, CA...Houses in Fresno is way over priced by like $60-150k
    3
  33068. We where talking a lot about moving to Florida next year with apartments or a house to lease with a pool.. but now we’re thinking is buying is cheaper then renting?please let me know?
    3
  33069. Hi Michael ❤
    3
  33070.  @MichaelBordenaro  the special assessment fee. That is tough. It's hard to imagine how that can be fair. You buy a unit with the understanding that there are amenities included. How can the upkeep be passed along to the tenants? Idk, maybe I'm naive but isnt the condo fee supposed to cover those items?
    3
  33071.  @MichaelBordenaro  thanks for the insight! I spent an hour delving into special assessment rights / laws. HAHA
    3
  33072. The government has a problem with the bills being paid come June and if 100 million people lose money and miss a house payment that will be very bad
    3
  33073. I don’t know. My dermatologist has pretty amazing skin and her soul seems fine.
    3
  33074. Not to mention the shear amount of time and effort that goes into finding, owning, and selling a home has value as well.
    3
  33075. ISNT Johnny VERSACE house some where around there.?? Traffic like downtown Chicago, lol
    3
  33076.  @MichaelBordenaro  thats too bad, it was beautiful at one time.
    3
  33077. My friend I started watching you a few months ago and have shared your channel with all my friends amd coworkers Thank you for the information tips and market updates Please tell us where you buy those awesome shirts!!!!!
    3
  33078. I must be rich😂😂😂😂😂 I bring in high 200s but it feels like 50 k today 😢
    3
  33079. As a Cuban person I’m honestly looking foward to the crazy latin culture 😂 but I have heard that miami beach isnt like miami mainland in terms of speaking spanish, i hear there are a lot more english speakers on the beach and that typically you would speak english there... is that true?
    3
  33080. Housing market come back to normal
    3
  33081. This is so awesome! Im about to be alone for the first time at 31. Im nervous, but so so ready.
    3
  33082. People buying used houses like they are new cars. No clue. Throwing away big money on purchase and maintenance.
    3
  33083. Your hair looks cool Michael, unbelievable color..
    3
  33084. Mobile home are not that cheap at all at depends on where you live for instance Illinois mobile homes are going from 1,000 to 1800 a month I have seen people who live in Mobile Homes drive Teslas, on down to Mercedes and BMW . it is about being financially and fiscally Intelligent ,while living your best life.
    3
  33085. Ay pops
    3
  33086. We have nothing to fear but fear itself. Happy days are here again.
    3
  33087.  @MichaelBordenaro  ok... can't wait to see Ocala. I was told Ocala has the biggest horse ranches in America
    3
  33088. Enjoy your content, I was wondering what your take is on reverse mortgages, maybe you can do a segment.
    3
  33089. When you first started real estate did you have a great car to meet clients?
    3
  33090. Ormond Beach is a super safe area AND still affordable (compared to areas like Tampa and most others)...I just got a small house there for $130k in a pristine neighborhood surrounded by million dollar houses just 2 blocks from the beach!
    3
  33091. Hello, just wondering about Venice, FL. Thinking about moving there. Looking for a 3+ bedrooms and 2+ bathrooms home on an acre or more lot, with a pool and a place to park the motor home, with no HOA fee. Any suggestions if not Venice ? PS what does a typical music gig pay in Florida ?.
    3
  33092. Beautiful place, very flat which I like, I use to live in Chicago back in 91 missed some time !!!!
    3
  33093. There are property tax discounts for disable and senior home owners. Check with your county tax assessor. I found out thru a neighbor.
    3
  33094.  @MichaelBordenaro  thank you!!
    3
  33095. Maybe government should stay out of real estate, we wouldn’t have the problems we have. Lack of housing is partly due to government fees permit costs and zoning.
    3
  33096. I sat with a mortgage guy who was telling me it's the best rime to buy. We got to talking and found out he was also on the sidelines waiting to buy but just not now. He must have forgotten himself when we got all friendly with him.
    3
  33097. I hope your wearing sunscreen.
    3
  33098. If it's too good to be true, it is. Nothing is ever free. Read the fine print, y'all
    3
  33099. 1
    3
  33100. I love Florida I am going to live there
    3
  33101. Agree 100% on not buying a flipper. A lot of garbage can be covered up to look great cosmetically.
    3
  33102. South Florida is such a hot market that I don't see good bargains coming any time soon. Sure prices might slide a little but deep discounts won't be the norm in that area.
    3
  33103. Car Payments plus +Auto Insurance up ⬆️ =🤑💰💵💸
    3
  33104. Michael you're D'Best... Love so much your walk and talk morning routines 🙏
    3
  33105. We are into a depression. It's starting right now.
    3
  33106. Miami and South Florida wiil be underwater soon. Better have a plan B if you still have a lot of years left on this planet.
    3
  33107. If I save for a decade I might be able to afford a 30 year mortgage in California 😂
    3
  33108. After you move in can you show us your view?
    3
  33109. This makes me want to get a dash cam!!!! Great video!!❤️
    3
  33110. Thanks for this interesting video. A lot of info !
    3
  33111. Hi Mike. A nice video. I’ve walked over and drove over the Golden Gate Bridge and have hung all around that area. It was nice the last time I was there but I’ve heard now it looks terrible with all the homeless people around and the high crime in SF. Did you and the lady fly or drive there from Florida? How long is the whole trip from start to end? In FL, do you think it’s a renter’s market or a buyer’s market these days? Do you ever miss the change of seasons, some snowfall and the mountains living in FL? Take care buddy. 👌🏻
    3
  33112. Welcome to Fraud, This type of programs should no longer exist, is paid by tax payers and people who pay their taxes should not be liable for others been irresponsible. Same as the government paying for all this illegals with our tax money.
    3
  33113. Strong episode, good data research thanks
    3
  33114. Me too I’m in Texas my rent was 1700 and now I have to make a decision by Tuesday to renew lease for 1920 with nothing included which means I will be paying 2046 every month off 1 income being a single mom.
    3
  33115.  @MichaelBordenaro  Thank you for your reply. And you did "explain" how to redeem the Rakuten Cash Back "into" your PayPal account but that's not how your video is entitled. Your video is entitled... How to "RECEIVE" Rakuten cash back to PayPal. I'm thinking you should put "into" your PayPal account or How to "transfer" Rakuten cash back to your PayPal account. The explanation is very good but the title is confusing. Again.... thank you for responding! Blessings on your day!!
    3
  33116. I should also add that the reason I was looking in to this is because I chose the option of having my Big Fat Check sent to my PayPal account and while PayPal is showing that the money has been deposited I can't see anywhere how I can get that money transferred to my designated (linked to PayPal) checking account. It's like Rakuten is sending them the money but PayPal isn't allowing me to retrieve it. Does that make sense? Thank you again for your response. Also... I'm in contact with PayPal right now trying to figure out what is going on and so far I'm not getting a reasonable response. When I tried getting my last Big Check transferred from PayPal to my linked checking account they actually deducted the refund amount from the linked checking account. I have no idea what is going on.
    3
  33117.  @MichaelBordenaro  I know it can be done because I have had money sent to my PayPal account before and transferred it out of my PayPal account (not through Rakuten) to my linked checking account. But this money that is coming from Rakuten is not appearing in my PayPal credit balance so I have no idea how I can get it from being there on my statement as a deposit. Do you understand where I am coming from?
    3
  33118. Gotta disagree with you here Michael. Cost of living is higher than ever as you often point out. Kids should stay with their parents and save. Job market is rough too and things don’t appear to be getting much better. Parents should be empathetic towards the children they brought into this world.
    3
  33119. Oh my gosh ….for a wedding.!!!!?
    3
  33120. Great walk vid man!!!
    3
  33121. All those red dots in such a small area. If there is a crash that area will be a foreclosure heaven.
    3
  33122. I work from home, so I have been really tempted to sell my Clearwater FL house, pocket about 100k and move into my parents' house for 2-3 yrs. But I would really miss the sunshine...
    3
  33123. Fast forward a few years from now. The foreclosed buyers are on TV crying about how the bank took their house while they have zero equity in it. Think about someone using this program to buy a a unit in an older condominium going through a 40 year recertification and then they get hit with a massive assessment. I remember seeing the stories on TV back in 2008 and people were screaming about how the bank took their house. Meanwhile they lied on the stated income, took out negative amortization loans and had a piggyback mortgage and never had any equity in the property. They were essentially renting and hoping for prices to continue to go up.
    3
  33124. New York State residents move to where the jobs pay the most. My family did. We don't always stay in the towns we were born. Sometimes we move back, but sometimes we never do.
    3
  33125. Where to look for a manufactured home on its own land, in a safe area near good jobs?
    3
  33126. Ocala
    3
  33127. Coolest thing to come out of Florida since Miami Vice.
    3
  33128. agreed! if you rush to buy, when the price drop, you will be regretted. Also, if more people believe right now, it will delay the fall of the housing market and it will fall deeper when it does.
    3
  33129. I live in Flagstaff, AZ & the REALTORS here are the GREEDIEST in the WORLD. They say they escalate the prices "Because they can". I'm paying $2300 a month. & I live in a very MODEST 'home depot' condo. My LL wants to raise it to 3K a month; but b/c I've been here 7 years & NEVER been Late ONCE; he's giving me a little break for awhile. Therefore: as SOON as I can find something REASONABLE: I'm OUT of here! Now the crash is in action; let him find someone to pay him 3K a month. He probably will. It's CRAZY here. My LL started a Homeowners club to keep everyone charging higher prices. CONTROL & MANIPULATION. WHEN will people come to their senses & start CARING about PEOPLE?? I certainly don't know.
    3
  33130. What do you think about all the flooding in Sarasota. People with no flood insurance
    3
  33131. Omg, that is just awful!!! My little house needs some work, but it’s safe.
    3
  33132. Do you guys use Priceline? I never pay full price!!🙌
    3
  33133. You would ever evaluate to Orlando Florida? Since I heard even though hurricanes does hit Orlando, but it doesn't hit as hard? Or probably still best to drive all the way north out of Florida?
    3
  33134. I have heard of reports on a few financial channels that in a typical 9-5 job, only 3 hours of office work gets done. So, the companies should pay their employees per job completed. That is, if it takes 3 hours to complete work that they were getting paid the same for a typical 8 hours, the employer will be getting the work faster at the same cost and the employee could have the rest of the day off. I have had both type of jobs and I like the paid per product than pay per hour. It is a drag being paid per hour, I spent 3 hours spraying for weeds in the same acre because they guy was paying me per hour and did not understand how I got it done so fast within the first hour.
    3
  33135. What part of florida has the most good looking women in your opinion lol
    3
  33136. These homes are grossly overpriced in this area at $300/ sf. And this whole peninsula is on septic systems that will be will be annexed in order to get appropriate sewer systems have fun trying to go to the beach when this work starts. Good luck at the next crash trying get out of these places at 300k.
    3
  33137. I'm still on the sidelines, watching the FL housing market. I'm now starting to see price drops on a regular basis, in the areas I'm watching. I'm not sure that FL will have a big price crash overall, but I am encouraged to see sellers easing up on their "wish pricing". Great neighborhood walk today, Michael. I love seeing the different designs of the paver driveways!
    3
  33138.  @MichaelBordenaro  I'm seeing lots of drops in Tampa St Pete, and lots of places starting to stay listed longer, so who knows
    3
  33139. weakness
    3
  33140. I love these videos, looking forward to seeing a Boardwalk video soon!
    3
  33141. Michael Bordenaro whaaaaaat, that’s crazy. Is it because of the construction?
    3
  33142. Our government and politicians don't give a shit about what's going on in the economy. They just see money symbols and lining their pockets...
    3
  33143. The dollar is not going up. It's just going down less.
    3
  33144. Crime scene sales !!??
    3
  33145.  @MichaelBordenaro  Why not ask for a suggestion list of areas and price ranges, and do those? Still loving your channel !!
    3
  33146.  @MichaelBordenaro  thanks !!! I watch a few "moving to fla " channels and I notice people ask about certain areas. Thanks !
    3
  33147. Get used to having roommates. You might not like it but that's going to be the financial reality
    3
  33148. Your pops is so sentimental. I think he misses you. Make sure you see a lot more of him in the future.
    3
  33149. We need an email address to send inquiries to! Just saying
    3
  33150. I would get out. You only have one life.
    3
  33151. I live in San Francisco but one day I was hoping to move to South Florida
    3
  33152. If I go then I will retire……
    3
  33153. Hi Michael I have a mortgage free home in Sebring, Fl, golf & deed restricted community with pool, however, houses are being sold fast & being purchased for VRBO's and I think I should sell. Your thoughts please.
    3
  33154. Foreclosures are all part of build back better
    3
  33155. Great video!
    3
  33156. love the beach review. should put more bikinis in the vids. you should visit haulover nat beach
    3
  33157. I purchased my home with a 20% down payment and a payment that was less than 25% of my take home pay. Any other way is risky and foolish
    3
  33158. Gloom and doom in pacific northwest. Yes. Very difficult for me.
    3
  33159. I lived in Miami when that high rise was being built. I loved living in Florida. My heart is broken to see such a tragedy unfold. I pray they can find some folks alive. May God bless all the families and the first line workers.
    3
  33160. Definity too much new home inventory in Ft Myers Area. Big discounts everywhere!
    3
  33161. SUNNY ISLES!!!! My first first sunset in FL was in Sunny Isles. I walked with no direction.
    3
  33162. You look like an entirely different person lol
    3
  33163. subscribe, congrats ! and thank you for your videos.
    3
  33164. Florida is not affordable anymore. People keep saying Florida will be under the ocean soon. What do you think? Maybe some parts but not all…I think 🤔
    3
  33165. Boca Raton is full of stock market swindlers, Delray Bch is full of real estate swindlers, avoid any firm based in these two cities.
    3
  33166. Wheres their call center? Big pet peeve for me is off shore call centers in India and Phillipines.
    3
  33167. Love the Satellite Images Michael… Great video!👍🏽
    3
  33168.  @MichaelBordenaro  H I agree that shortage is only temporary as it is a lot of construction coming now. Even in Miami where everybody think they are nott going to be lower pricing, they are wrong. I already see homes in the market for months now, You must be very careful about Cities like Miami, people put a house for sale and take of market, then put it back and so on, I am selling my properties in Miami now, before they go down as they already started to get corrections. s also an Investor I always invest in NY and Los Angel then Miami. As they will always go up even with reductions and corrections now, in a year or 2 they will be back up.
    3
  33169. Boca is an absolutely beautiful city. It’s close to the major South Florida cities, great schools and an awesome family atmosphere.
    3
  33170. The fed kept kicking things down the road. They created their own dilemma.
    3
  33171. Nice to see beautiful Lizzy again.
    3
  33172. Love it. Are there condos for sale on the beach?
    3
  33173. Does your family up North ever come down to visit you?
    3
  33174. It’s not worth buying a anything today, it’s all a ripoff… no cars no groceries no homes. Fight fight fight !
    3
  33175. Should I buy or should I just wait idk 😢 I’m just so uncertain in these trying times
    3
  33176. I like all of those houses. If I stay in Florida I wouldn't mind living in any of them. But now they are probable all sold.
    3
  33177. Right, Again!
    3
  33178.  @MichaelBordenaro  Yes, now through October imho 💜🤚🍃🌻🍁🍏🍂
    3
  33179. Its kinda like the real estate version of Miami Vice...
    3
  33180. Yes, I really did enjoy the walk this 🌅 thank you for bringing us along. I didn't realize companies were buying up the homes and renting them out. Thank you for the great info
    3
  33181. the government do the right thing! hahahahahahahaaaaa!!!1
    3
  33182. Don’t worry there’s a minimum 30% to go down
    3
  33183. This is the best video I have seen. SO informative. Thank you So much
    3
  33184. really like your videos.
    3
  33185. Gorgeous plants and vegetation.. seeing it daily really would help anyone's mood 🙂
    3
  33186. Pretty area Michael !
    3
  33187. Michael, what do you think will happen in Miami in the next year? We're moving and need to get a roof over our head but don't know if we should buy or not...
    3
  33188. Unless they fall about 60 percent I doubt it. Peoples incomes are being eaten up by inflation. Rates could be 10 percent next year. It will be a mess
    3
  33189.  @MichaelBordenaro  oh wow did not know that. Is St Augustine an older city in Florida?
    3
  33190. Stay safe 🌀Thank you for your video🙏
    3
  33191. All politicians should have to study economics
    3
  33192. Michael at it again!!🔥. Great vid.
    3
  33193. Its not a housing crash. Its building back better everyone!!! Biden wanted a 6.8 TRILLION dollar budget plan for 2024 fiscal year. During covid it didn't even cost that much and EVERYONE got free money. The govt needs to pull the reigns wayyyyy back and get half of the cash out of the economy.
    3
  33194. Even if the rates stop going up they may hold them steady for a long time. That may be more like chronic "pain" :(
    3
  33195. Why not do the right thing? The people who pay on time waive the interest. If they truly want to help people, they need to start thinking better and, as a punishment, charge interest to those who don't pay on-time.
    3
  33196. virtual friend what can we say . you u nailed it once again awesome nice work thank you
    3
  33197. 7 minutes in ... this is one of your best imho!
    3
  33198. I’m going on a cruise for thanksgiving got a really good deal six months ago..
    3
  33199. Great video I appreciate you explaining all that
    3
  33200. Yeah get outa Richmond before dark
    3
  33201. i would advise anyone in their 30's or 40's to buy a single family house over a condo. If you can swing the down payment & the mortgage & taxes, you will be a happy homeowner in 5 to 10 years. Also have the house inspected by a licensed contractor BEFORE you commit to the purchase. (contingency) & have the appliances & pest control situation checked out. Make sure the neighborhood is desirable or an up & coming neighborhood. Your realtor should know. Also talk to your potential new neighbors. Location is everything!
    3
  33202. Very nice to see your wife!!
    3
  33203. JAXON'S!!!!!! Dania. Also ANTIQUES!
    3
  33204. 1
    3
  33205. If interest rates rise prices will slow or go down. Hopefully no stock market crash. Even if it does it usually bounces back within a year. 2008 was an onomoly. Perfect storm with new homes overbuilt, the lending practices of financial institutions and some under. Short term friendly mortgage rates which skyrocketed after the first few years. The auto industry crisis is another example. There will be a correction but hopefully not to severe. That's why I'm thinking of selling and taking a good profit for 2 year ownership but rents are high now as well. Givi g it some thought though. As you stated, if the housing market tanks it takes quite a few years to rebound to current levels. The stock market usually rebounds a lot quicker. Merry Christmas to you and Lisi.
    3
  33206. No high rise for me!
    3
  33207. Hello Michael from Venice Beach Florida!!! I will be in Miami Beach tomorrow can we meet at Publix across from Carillon resort??
    3
  33208.  @MichaelBordenaro  Thanks, I love Miami Beach ⛱
    3
  33209. The timing on your accident right after what will happen to rent question was a little funny even though it's not funny you tripped
    3
  33210. 🤣🤣 That's crazy. What's that house comping out at roughly?
    3
  33211. The coordinates aren't actually useful because any time you pause the video the Youtube UI is right over it and you can't read it.
    3
  33212. The implosion would be cool. Wonder how many professional movie crews will be there for some footage.
    3
  33213. Love your videos, entertaining and informative. 60+ here, and done with NE winters but will miss boating on Narragansett Bay. Very familiar with both coasts. Wanting the quieter lifestyle, so traveling to TPA & down to Ft. Myers to look at neighborhoods, or, in FL-speak, "gated communities". Still will have to work before getting the pitiful retirement bucks, so thinking Bradenton / Sarasota & commute to TPA. Keeping/renting RI home to snowbird after retirement. Thinking about renting "apartment" for a year to feel the whole thing out before laying down housing root$, your thoughts?
    3
  33214. Love the channel you should make a video about common Zillow and Redfin scams a family member recently bought land in a "growing" town so the price seemed off but it made sense for the area. They showed up in Florida and the road its on isn't even finished because its on someones private lot a literal football field of land valued at 35,000$. The land they bought is sourrounded by someone else's lot and isn't accessible by car. I don't know how common it is here but for them to drive over 1,500 miles to show up to a neighborhood filled with neighbors ranting about how its swamp land and that they should have never put the listing up in the first place is beyond insane.
    3
  33215. 1200 Square foot, 1 Bath in the Hood with the highest Shot Clock in the Nation. $480K. Property Tax Mil Rate going up too. Foot of Snow in the front Yard. I'm not escaping to Florida. I'm going Ice Fishing to stock up the freezer. I'm surprised the Beaches in Geezerville aren't lined up with fishing poles. Everyone must be rich. 40 pounds of Salmon gets me 120 good meals. I'm doubling my Garden and Food Preservation this year. Had some business in FLA one Winter by Panama City, rented a Condo by the Beach. It was a lot of fun, Ocean Swimming in January, good fishing right off the Beach. Thankfully I could write off expenses. I didn't spare an Uncle Sam Dime being miserly at the great Restaurants. Much love from Minnesota my Florida Family. TY Michael for your Excellent Reports.
    3
  33216. After watching my mom own her condo in DC for the past years, I hate concept of condos. Its nice to own one, but the issue is you are pretty much tied in with your neighbors. If they are behind in fees, it impacts you and what can be done to to the condo. I think I much rather rent an apartment which gives me freedom to move around or if I own, own a house. I have no interest in owning condos.
    3
  33217. Stay away from the big metropolitan places. I live by DeLand which is 45min north east of Orlando. It's small town living here, slower paced. About 35 minutes west of Daytona. The people here are more friendly than not. You have asshole drivers but that's just the way it is.
    3
  33218. I am a property owner in Tampa, it is pitiable what is happening in the housing market. Ian was ruthless, but I wasn’t affected. I am not doing so well in the stock market but have currently increased the rent on my properties, I have 1M set aside for early retirement, I'm already 47. My major concern is that I ponder a lot how to make the best of the market irrespective of what the fed is doing.
    3
  33219.  @MichaelBordenaro  Thanks brotha! There's nothing like living right on the beach, this video does a great job of showing the diversity of areas up and down the coast. We are sure lucky living in paradise. Stay well!:)
    3
  33220. I’ve never stayed at a Air BnB, really don’t want to and most likely never will. I don’t like the idea of people renting in a residential area, or dealing with an individual as opposed to a company. Not to mention when dealing with an individual you don’t know what your getting into, hidden cameras, dirty, or the area.
    3
  33221. You forgot to mention the Dreaded Florida Palmetto Bug. I almost went into cardiac arrest the first time I saw one. I closed the bathroom door and kept it closed for 5 hours till my husband got home. Yes, he laughed. But that thing looks like a water bug on steroids with wings
    3
  33222.  @MichaelBordenaro  still freaks us first timers out lol. But at least we don't have the Australian huntsman spider. The iguanas and geckos are adorable though
    3
  33223.  @MichaelBordenaro  insert hysterical feminine shriek lol. Goodnight.
    3
  33224. Awesome vid!
    3
  33225. Can you buy condo in Miami area ocean front for $300 to $400k?
    3
  33226. Yup 13:05 😊
    3
  33227. Market manipulation propaganda is not predictions, they're banker exploitation and fear mongering control.
    3
  33228.  @MichaelBordenaro  oh wow, didn’t know that.. I guess it’s like Ohio where I’m from, Columbus is the biggest city but not the biggest metro area
    3
  33229. Lmao, everything you said about Naples is so true. I completely agree. As a night owl myself after 9-10PM there is nothing or anywhere to go. I appreciate your videos my friend. Subscribed because you know what you're talking about. I've lived in Flawda for 29 years and everything is accurate.
    3
  33230. Love this!
    3
  33231. This is just silly. Did sellers not read the contract before signing? I bet they were so focused on the profits that maybe they forgot to stop and think if maybe something was wrong with their house gaining so much value in such little time...Like what happened in 2008.
    3
  33232. Wow... keeping it real mike.. loved it!
    3
  33233. I LOVE SE Fla!! Its where I want to snowbird 💜💜
    3
  33234. Congratulations to you got condo Have a wonderful on your dream
    3
  33235. This guy is the only one telling the truth
    3
  33236. Yes I will sell my 2019 California home and buy half a block in 2021 Florida especially Jacksonville
    3
  33237. I hate to break it to people but the only way your ownership of a property can be proven is a county level government entity called the County Recorder. Government is a critical part of the very definition of private property.
    3
  33238. It's a trade off. I'm from Idaho and I don't miss the snow one bit. But the hot sweaty summers here go on and on. Still I like FL.
    3
  33239. Thank you so much for making this Specific Video, Very valuable Information.
    3
  33240. Love looking at different units!! Thank you!!
    3
  33241. Great video. It seems to me like section 8 is an antiquated program. There’s got to be a better way. HELOC application with 3,000,000 in the bank? Really?
    3
  33242. This content is great 😊 great job Michael 👌
    3
  33243. Great job! Any people on the chat know what it's like to live in Indialantic, FL? My job may take me out that way and we are trying to see if it's worth it. Moving from Scottsdale, AZ to the Melbourne Beach area - Indialantic FL? Pros vs Cons? Very comfortable with living the beach life but any 2021 updates would be great! thx in adv :)
    3
  33244. Only a year on YouTube? What is your secret to getting subscribers?
    3
  33245. Gas prices are rising again
    3
  33246. Honesty and Truth❤
    3
  33247. Don't forget to remember your viewers that "I am not a financial advisor". Just in case bro....
    3
  33248. Michael Bordenaro Are you related to anyone In New York ? Your last name is very familiar ? My oldest son had a teacher by that name
    3
  33249.  @MichaelBordenaro  Well when you spend like we do it is but to me its just a bit much, I have no issue showing my balance just not what i buy and do with my money is none of these guys biz, Maybe its just me but thats how i feel
    3
  33250. Thank you for your honesty, intelligence, and class. So rare in real estate agent Youtubers.
    3
  33251. My husband has three incomes we moved to Temecula California to rent first $2295 we split with my dad who lived with us at the time. Our total cost of living was $1400 which allowed for us to pay down debt and prepare to buy. We are able to buy our townhome after a year of renting in may 2021 no money down and market rate since previous landlord was so kind. New mortgage 455k at 2.8% apr va loan left us with a $2400 mortgage all fees included which was well below currently rental rate. Renting isn’t always bad I grew in San Diego my parents and me renting most of my adult life. Moving to Temecula at the right time allowed for us to be homeowners at a time when it felt so out of reach.
    3
  33252. I've been waiting for 2 years to buy a winter home in Florida I guess I could wait a little longer. Great video Michael👍🏼💙✌
    3
  33253. Beautiful area you are walking in. How much are the houses there? Mudslides?
    3
  33254. I bought my house for $55k in 2009. I hope desperate homeowners like me will have similar deal comes fall 2023 and perhaps 2024...
    3
  33255. Well, if you are going to be permanent and an expert, you might as well just change your name to Mr. Miami Beach. Which is better than Mr 305.
    3
  33256. So is the Gulf Side better than the Atlantic Side?
    3
  33257. Oh yeah...Daytona Beach and Orlando. Orlando is very important to hit, because of the business opportunities there.
    3
  33258. I wonderful if they have opened up the theme parks yet??
    3
  33259. Sounds great Mike... Way to be a trooper Liz! 💪🏽😎❤️🙏🏽
    3
  33260. It's absolutely gorgeous there! Enjoy :)
    3
  33261. Hows the multifamily market in southern florida?
    3
  33262. nice trip!
    3
  33263. I would watch a part 2 if you put one together. It does feel like I'm taking a stroll with you, like a tour. My husband and I are torn between Fort Lauderdale, Dania Beach, Hollywood, and Miami. We have a year to make a decision. I love how animal friendly Miami seems to be, there seems to be a lot of good sidewalks for strolling, which Hollywood does not have and a lot of vegan restaurants which makes me happy for a vegan or plant-based lifestyle. And I love the amount of dog parks. My question is would you by any chance know of any neighborhoods that might be a little bit more affordable that don't look like complete crap LOL
    3
  33264. Thank you for the video, this would be a hard question to answer but how high is insurance for east coast beach towns like Vero Beach, Cocoa Beach, Daytona beach for: single family, duplex, tri-plex, quad-plex? Do you have a rough range on what insurance could be? Up north in Dayton Ohio I have a pretty good understanding of what the insurance would be ie. 500 - 1000 for single family, and then up to $2,000 for larger 4-units. I want to start analyzing deals at those locations, but insurance is what I'm unsure about (I might start calling local insurance agents down there) No worries if this question can't be answered.
    3
  33265. Actually lot of people leaving CA and FL to come to my state NC. Dont tell anyone we are getting crowded. We are close enough to some great beaches and mountains too.
    3
  33266. I wish I had hair. I'd sell 3 times more homes if I did! Lol. Timmy C Arizona
    3
  33267. Is that the Champlain Towers South parking garage in the first 10 seconds?
    3
  33268. I live in st Pete on the gulf side of Florida but I really wish I lived on the east coast of Florida. I have friends on the east coast and i go there to surf, cause there are 0 waves in the gulf.
    3
  33269. Desalination plants are the future. We have to start using the ocean water.
    3
  33270. Seller missed the boat
    3
  33271. Also, you gotta taking into consideration that the building was over 40 years old and had no proper inspection. All the condos in the Biscayne area have a ridiculous time frame for inspection checks. Their is no way I'm living in a building that old near water. I only would consider living in a building that was freshly erected after 2018. Newer technology and better built. Lastly..prayers to the people that passed away.
    3
  33272. Is there tax on food?
    3
  33273.  @MichaelBordenaro  I read the tax on food is only for "prepared food" like made sandwiches and restaurants. Regular food in stores is not?
    3
  33274. Love your videos! You are extremely informative about Florida. My family used to have a condo in Marco Island. Boy, do I miss it. Keep the videos coming. You are very pleasant to listen to.
    3
  33275. Had a terrible experience with condo board, will never own a condo again!
    3
  33276. In Vero Beach there is Havana Nights Piano Bar in The Caribbean Court Boutique Resort. I hidden sweet Restaurant I stumbled upon last year. Looks like it's only open from Wednesday through Saturday.
    3
  33277. In my area the only homeless people who are rude are men.
    3
  33278. Very comprehensive. I passed along the phone info to my son. I was part of the opening crew for the first Houston's restaurant in Nashville in 1977! I used to make their recipes and they were quite tasty!
    3
  33279. It all began with light shinning in the darkness . Merry Christmas 🌲💝 All the blessings from winter wonder land ! 🕊
    3
  33280.  @MichaelBordenaro  thank you Michael For spreading the joy !Merry Christmas🎄💝
    3
  33281.  @MichaelBordenaro  That's nothing for what you get.
    3
  33282. I mean a house sorry
    3
  33283. The culture and mindsets are night and day different between the two states. That really is and should be high on your lists, of what you can tolerate where you live. As far as I'm concerned. Florida is like a long term welfare recipients, that has no desire to support themself... Florida funds itself off the backs of tourists. It puts no effort to attract business that pays well. It focuses on tourism and warehouse Jobs. Fla wages are a disgrace yet rents are very high. You will have a lack of real diversity. You will shop at Walmart and Publix. Your life politically will be controlled by southern Republicans. So forget progressive and think backward views and lack of infrastructure. If you've had it with Calif, do yourself a favor. Research several states not just Florida.
    3
  33284. Its happening in NY too
    3
  33285. Excellent info! Love the shirt, what's your favorite Metalica song? My personal favorite is Whiskey in the Jar (I know it's a cover).
    3
  33286. it seems like your business is sort of like insurance. Once you're established, you maintain and renew instead of hustle for initial business.
    3
  33287. Great video! Great advice! Real estate is partially psychological just like stocks Live as though social security and pensions will not be there Many people do not need a large living space
    3
  33288. It's all ontrack until it goes off track 😁 I feel like calling some of the listings you show asking for the price, then laughing out loud and hanging up
    3
  33289. Thanks Michae!l 👍 Beautiful ⛱️beach 😉 Yes definitely allot of problems with tenants in Canada I was there myself
    3
  33290. Any and all money has been given away to Ukraine and Israel in that order Americans must stand in line hoping praying and grab their ankles are bending over they should’ve never ever been paying property taxes for taxes and property that was unsecured by the episodes that were paying those taxes to
    3
  33291. Like your straight forward honesty and your and advise in this video about how hot it can get in the summer and visiting in the summer before considering moving to Florida!!!
    3
  33292. And what's funny is he lives in a tiny home.
    3
  33293. Lilly yes I agree☝️
    3
  33294. 👍✅🙀✅👍
    3
  33295. Michael, I think I have seasonal hate, because I hate the cold, and you would not think winters are bad in GA, but it is 4.5 months of roller coaster temps, up, down, up down, and the pattern settles to horrid weekends and milder weekdays - no lie. For a golfer, it seems like an eternity. This is why I am retiring to FLA.
    3
  33296. Money saving on groceries is a biggie. Many smaller stores in rural communities do all their advertising on Facebook. I have two that I found searching FB that I shop at over the main grocery stores near me because the savings are huge. When on FB go to the search bar in the upper left corner and put in bulk meat as an example. Hopefully you'll discover what I have that the best deals especially on meat are not in the large grocery stores or warehouse clubs they're in the smaller community grocery stores.
    3
  33297. Awesome series! I am coming to Fort Lauderdale in March for my honeymoon so this is super helpful!
    3
  33298. It's faulty thinking to say they won't give up mtg 3% n would rather turn it to a rental lmao. The value is the home prices (terminal value.) If price falls in the future u r working for the bank. That's why successful landlords sell properties when prices rise n buy when prices r cheap...they do cash flow models including terminal value of the rental. Do u really want to wait for reroofing, ac upgrade, piping etc
    3
  33299. Your chart graphics are looking good. This hyper inflation is going to be worse that the 70s, because of so much stolen money from employment and stimulus that the Fed doesn't know how much money is out there. The charts they use are dated and rigged at best. I know eggxactly what inflation is doing I call it my egg chart. The price of eggs last summer $1 for 18ct and .25 on sale. Now $7.89 at that hyper inflation rate next summer eggs will be $15 and by 2023 years end should be $22 for 18ct. Now for the Uber rich they laugh at this but this is just a small part of the price destruction on the middle class. I will now months in advance when inflation stops and starts to deflation before the Fed enter does a thing
    3
  33300. Michael the jumbo loan rate is less than the conforming loan rate. You just said the opposite. I know it doesn’t make much sense but it is true.
    3
  33301. Firstly, I would like to thank you for your video's content because that helps me a lot to figure out how life is going on in Florida...where I am planning to move ;) And as an environmental scientist, I would like to know plz if Industry or research laboratory are recruiting right now there?
    3
  33302.  @MichaelBordenaro  Thanks a lot! :)
    3
  33303. what about the Florida ID? knowing that I am moving from another country
    3
  33304. I'm just so happy I'm closing on my house next week. Got the house I want in the area I wanted. We were looking for 8 Months. If we didn't lock in our rate when we did I probably would of gave up.
    3
  33305.  @MichaelBordenaro  Thank You. I didn't over pay 4 bd 2 bath over 2500 sq ft for less the 380K in a good area. It just needs updating which will be done in time. Nothing major. I consider myself real lucky. I'm looking at the area and for less they trying to get over 400K. Its crazy prices are up but no one is buying. One of the reasons I believe looking at the price history they were bought in the last 2 years and they trying to sell them 100K more then what they paid. All those investors who out bid me and trying to cash in now it seems.
    3
  33306. This is all about scarcity. The East coast is not building new homes in any substantial amount. Rhode Island does not have any more land or infrastructure to support anything new. Many cities have limited building because they can't supply water or sewer or electric.
    3
  33307. Drat! you scratched the coating on the left lens of your trademark sunglasses. I hope you have ordered a replacement pair from AliExpress.
    3
  33308. 👍
    3
  33309. I can listen to you all day. Your voice is like silk. I’m sorry, what did you say about condos? 🤣🤣🤣
    3
  33310. We might be moving to Daytona. My husband has a job offer, we just haven't decided if it is worth giving up his job in CA for a 37% paycut in FL
    3
  33311. The lack of State income tax and much lower property tax bill may just make that paycut hurt a LOT less! Michael is definitely the best Realtor if you decide to leave CA.
    3
  33312. Mike, if you have a summer home in California wouldn't that be too far away for you in Florida?
    3
  33313.  @MichaelBordenaro  well, in that case maybe I should keep my summer home in NYS. I am waiting till June or July to see how bad the summer is in Florida.
    3
  33314. How about walking some poorer neighborhoods.
    3
  33315. Lol I'm from DeKalb! And can relate a LOT to your story. Only a few minutes in though ill keep watching =)
    3
  33316. I want this in ocala Fl.
    3
  33317. I think sellers often go with investors because they need top $$ to be able to afford to buy another home in this crazy market, so if the investors offer 50k over asking i'd probably take it because I may have to pay over asking on my next home too 😒
    3
  33318. Michael, your wife adds a touch of class to your videos...
    3
  33319. On the subject of ARM''s not sure if you mentioned it but it used to be that if someone was not going to stay in a property for long term then the ARM made sense. No reason to take a 15/30yr mortgage if you plan on selling in say 5 to 7 years.
    3
  33320. Hello from Sydney, great way to start the day, with one of my favorite's channels. Cheers Mate
    3
  33321. Convertibles are perfect for sundown driving but never a good idea when the scorching hot Florida sun is out unless you like the red skin look
    3
  33322. You're smart to lease especially a Chrysler/Fiat product. Looks sharp and leasing will take care of any issues that arise. Enjoy your new Jeep!
    3
  33323. Thank you, just discovered your channel....I live in Iowa but dreaming of retiring to the beach in Florida...Which of these communities would you recommend for a 66yr old widow?
    3
  33324. first
    3
  33325. Me too! Especially South Beach
    3
  33326. Thanks.
    3
  33327. Hi Michael- I’ve watched some ofYour videos here on your channel and appreciate the unbiased view you share with us. Especially the ones you do on the Miami real estate market, south Florida real estate market and rentals, and California/Florida. All things considered including the recent collapse of the high-rise in Surfside, what do you for see the south Florida especially coastal areas you concentrate on here-rental market features and pricing like? Looking in Areas like the ones you shared in your Zillow listings you show in your videos. Seems like before I can even look at them the nicer ones are gone. * Where can we contact you via email or phone number? Thank you
    3
  33328. It reminded me of Georgia so I figured better to just live in the mountain portion of Georgia for that lifestyle. Ouch I’ll say on behalf of poor Flagler beach
    3
  33329. The law should be Foreclosing for taxes... Yes. Selling to an investor...Yes. Taxes/fees paid in full to the Government entity from the proceeds. Left over equity should go to the Original owner. That is Government Criminality.
    3
  33330. Nice video mike. Was wondering what industries pay well down there? And what parts of Florida have the better jobs?
    3
  33331. Fifth 😜
    3
  33332. It seems like Saint Petersburg is a good investment area with 14% gain.
    3
  33333. Michael !! ...I am stuck in Buffalo NY and waiting for another blast of snow !!! So BITE ME !!!!! lol !!!! You are MEAN !!!!!
    3
  33334. This was great. Definitely the smaller places have appeal. Clearwater looks really good. Maybe I missed it, but have you done any videos about Gainesville yet?
    3
  33335. Another GREAT Video.
    3
  33336. Hey guys! Soo cool to see you together!
    3
  33337. Great video. Thanks
    3
  33338. Amazing that you did not see any gators or crocs on your journey around Florida. I follow the ChitShow by Alfred Montaner and he often films a crock at Black Point Marina. The water was crystal clear where you were. I think they like the water a little less clear maybe? Really looked refreshing, but you can't get in at that point with the threat of gators around. I even saw a gator documented in the Villages this year, I believe. Interesting. My take from this is the gators/crocs are something you have to be mindful of depending on where you live and what your recreation activities are. As we know any body of water can have a potential gator. I won't let it stop my Florida dream. Interesting video. You live in a highly developed area in a condo, have you ever seen a gator near where you live, probably not?
    3
  33339. It's not as "Sexy" being in a middle America (lower) neighborhood. I think there are less homes for sale in those types of neighborhoods because it is LESS "investor driven" than those multi-million dollar neighborhoods in Miami.
    3
  33340. The credit bubble created over the last 25 years is massive. Amazing so many are still clueless how big the debt bubble is, and what it will mean to straighten it out. Federal Reserve enabled massive borrowing levels, pulling demand from the future. Massive debt is always a measure of unbridled greed. Things are only worth what someone is willing to pay. What will people be able to pay in the near future without access to "cheap money". What a fantastic mess has been made. Most likely we will have a new definition of "crash".
    3
  33341.  @MichaelBordenaro  yeah it is actually quite shocking how cheap some properties are in Orlando. Im also from Illinois (Lake Zurich represent) and can get a lot more bang for my buck in FL than back in lovely Illinois.. haha. Not sure how familiar you are with Orlando but i really like Baldwin park, winter park and college park.. basically all the parks!
    3
  33342. Thank you for the information!
    3
  33343. I remember when I drove through Nebraska on my way to Portland Oregon. It was one endless cornfield.
    3
  33344. Michael - I've been told that everyone in Florida will be obligated to have flood insurance starting in 2025. Am I wrong?
    3
  33345. Cool vids
    3
  33346. Great video Michael. We never say “mistakes”, just choices we made with the information and experience we had at that time. Look at where you are now! Fantastic!! Who knows what may have happened or will befall us in the future!
    3
  33347. Will we get an detail video on this?
    3
  33348. Trump spent bc of covid thats the truth. You did bring in politics today on both sides. I think you lost many subscribers.
    3
  33349. Good ideas
    3
  33350. Excellent video Michael. It is unfortunate that social media expectations are hitting the very young first and foremost. This entitlement mindset I believe will have long-term consequences and not good ones either.
    3
  33351. Surfside says 'hello'.
    3
  33352. Port Saint Lucie and Fort Pierce!
    3
  33353. Could it be that the fact that you uploaded a video comparing Florida to California is perhaps because you are starting to wonder how much better off California is to Florida, and how much you regret not having moved to the former state instead of the latter?
    3
  33354. Do not understimate how long can a boomer hold an empty property if it does not sell for what he thinks (knows) it should sell for. Do not know in the US, but in Spain you can easily find properties siting empty for sale for more than 10 years. The only option is the boomer dies, and his offspring needs to sell to pay inheritance taxes.
    3
  33355. I love your beach walks
    3
  33356. Love the FL hiking... actually saw a bobcat once. 🙂💗
    3
  33357. 106.7 FM KROQ 🤙
    3
  33358. Excellent video!!!
    3
  33359. GREETINGS MICHAEL 🌴💦🏄‍♀️
    3
  33360. I have chosen palm beach garden.Can I have your opinion ?
    3
  33361. Sand movement is a complete waste of time, and money. The sand comes and goes with the seasons but because Florida is a tourist destination, the politicians think it's a wise idea to replenish the sand on a yearly basis. Why don't you move to Cali if you like it so much? In the 80s I used to dream of living in California and Arizona but they both changed and now I'm thankful that I live in Florida.
    3
  33362. Dont buy YET wait at least 6 months,you all will see foreclousures piling up and banks competting to discharge that debt of their balance sheet at fire sales,wait!!!! or unless you find a property that you can pay NOW 30% less of the asking price,WAIT be patient.
    3
  33363. Hey, Michael. Would you please discuss BAIL IN's??? B of A and customer accounts. Goldman SACHs getting rid of their SALES DEPT. Give us your views. Thank you! Greetings from SOCAL, USA.
    3
  33364. How is the dating scene in Miami? I'm Brazilian guy, 38 y o, I must to move to Miami because my job. Recently single.
    3
  33365. Thank you Dave!🙏🫶☺️
    3
  33366. Paducah KY has a Culver's so does Marion IL
    3
  33367. Are you going to make it to Pensacola
    3
  33368. Something has to give, this is getting crazy. I wonder if this is the new normal. Meaning, is life just going to be totally unaffordable from now on? Is it part of the plan? As soon as prices come down a hair…the level of fomo is going to epic. Which is why prices will probably stay elevated. There’s so much demand.
    3
  33369. Another Great Video Michael. So glad I will never have to get another loan, for the rest of my life.
    3
  33370. Are you from the Miami? Have you checked out the Tampa too? What's about the Jacksonville?
    3
  33371. Shit is changing! You can literally feel it!
    3
  33372. I'm laughing with you Michael, Goldman Sachs is clueless and wre clueless in 2008 . You and every other youtuber are calling it as you see it . All others have a vested interest and want to sell you a house. Every economic indicator is negative and points to a crash .
    3
  33373. Looking forward to watching your videos on the trip!
    3
  33374. Great explanation of the Underwater phenomenon.
    3
  33375. Yep. I do love your channel though, and I’m happy for anyone who loves it here. My area feels crowded enough though...I’m 36 but my parents (and some of my grandparents) lived here their entire lives too. It’s crazy to hear about the differences. 🍊🌳
    3
  33376. Back when they were converting the Roney Palace, we were living in Tampa. We spent a holiday at the Roney when our son was visiting us while in his junior year at a Boston college. He commented that he would move to FL in a moment after graduation if he could live at the Roney. Atlas, the wife and I purchased a 865 sf studio unit which we could design (came out nice). I purchased the unit at a great price in the 160s (last unit in the phase) which I gave to the son as a way to get started. He did move down and stayed for about a year before returning to Boston......sold the unit around 370. Didn't give dad a dime and I'm still a horrible father......oh well. We did have a lot of fun using while he completed school.
    3
  33377. "The War in Ukraine" - I'd bet 90% of the people buying/sell in the area you're walking through could not point out Ukraine on a map yet, somehow, is a prime source of all their ills.
    3
  33378. For soooo long people have bashed florida in the media on tv shows, etc etc. And yet, im like... what on earth are these people talking about!. Florida arguably has great weather year round. YES its hot, but you do adapt to it over time, YES it can get rainy but so does everywhere else. The arguments against florida are rather dumb, because most places has far worse weather and general conditions than FLorida. Finding a good paying job definately use to be a bit of an issue in florida. But over time that began to change as more and people began to relocate, along with their businesses. NOW EVERYONE is trying to get into florida. Having their wits ends with where they come from, the extreme costs, the crime the bad weather, and no place to truly unwind from it all. Florida is like living in a spa all day. its parks and recreation is second to none in the US. And the cost of living although rising is still cheaper than most places, especially those key states like california NY and others. The food is great in florida, ANd whats lacking is readily brought in from other states. its just a better quality of living. its a tropical island still attached to the mainland.
    3
  33379.  @MichaelBordenaro  im in Puerto Rico now but having lived there for many years coming from Bklyn. And being in those key counties like Sarasota Clearwater stpete and coral springs in the early 90' long before it was on anyone's radar, i knew it when such towns were still quite and quaint. Long before the housing boom, and bubble. Back when only a few knew what was their. It was perfect.
    3
  33380. Michael, love the outside videos and walking tours! I don’t know what’s going to happen to the housing market. I live in central Florida and the home prices here are crazy. What’s really bad for buyers right now is that when you buy a house with and inflated price you still have to put lots of money into fixing it up. I love living in Florida but it has gotten super expensive and things just seem to be moving in that direction going forward. Love the videos keep them Coming !🌴🌺🐠🍍
    3
  33381. I have that exact same C300 Merc, good thing they moved it, because it’s low to the ground. Your video reminds me of all the people with snorkels on their trucks, as if it will go through 4 feet and not suffocate the exhaust flow and frie all the electronics,, lol
    3
  33382. I am just a foreigner to the area, but I think you are missing a big theme of Ocala. It is a hot bed for breeding and training horses. That is why the country music thing there is for real. It's a true cowboy town. People ride and rope. If you look down from Google maps, you see these dirt ovals, horse tracks.
    3
  33383. I think it's hotter in some places in California then it could ever be in Florida. In Palm Springs and the nearby areas it can get up to 110 degrees in the summer. Also we get a lot less rainfall in Southern Ca. which is why this mostly a desert area. With all that rainfall you have in Florida you won't be having the same problems with brush/forest fires that we have had here in Ca. Last year has been the worst. Another reason why I loathe this state is because of this.
    3
  33384. what about the bugs like the black snakes and the fruit rats? did you move straight to florida or rent first?
    3
  33385. Thats why i am doing but not quite sure where to buy or rent. I heard people like Pinellas county more than mantee county cause of crime
    3
  33386. One other reason not to buy homes that are sold for back taxes. The City/County will NOT make sure that the property is vacated prior to the sale. It is up to the buyer to get an eviction done. My former brother-in-law bought a foreclosure from the County where I live (Missouri). It took him 6 mos to get the occupants out, because they kept claiming they had medical problems (which were all bogus).
    3
  33387. i was planning my move originally from CT to spring hill FL for august 1st, but my college ceremony was postponed and now im learning it MIGHT be virtual, which sucks but at least i have my degree. so ive been pushing off my move to hear about a new date for my ceremony, but now FL is having huge spikes in COVID cases and im feeling super overwhelmed because i just want to leave CT! i would be living with my friend and her husband in spring hill, which to my understanding is in a county that is not really affected by the spikes, while i get on my feet, but ive definitely looked into miami as somewhere id like to live on my own! im just so ready to move and start fresh. i need this!
    3
  33388. I appreciate the Sacramento shoutout/info. Listing on Wednesday next week! I plan on listing on the lower side of the home value like you suggested.
    3
  33389. Mr. Negative. Lol, just kidding
    3
  33390. Damn Straight. Pay attention, and get moving!! We demand a Downtown SFO video. A Marin County video, and a Silicon Valley (Think Cupertino, Palo Alto) Video. NEXT, we want a Downtown LA Video. An Orange County Video, at the South Coast Plaza shopping center, with lots of Asians being questioned.....hard hitting. Next, we wanna see Downtown San Diego video. Then go to the border with Mexico....maybe U can cross into Mexico on the trolley from San Diego..... Get to this! It will be Incredible! wow!!!
    3
  33391.  @MichaelBordenaro  Thanks man..Keep up the good work and positive videos.
    3
  33392. Don't worry cops don't do anything in minnesota either ... apart from mosquitos, what about all the other undesirable critters i hear about
    3
  33393. So sad! I am moving to FL soon, but one of the things that gives me pause is sink holes. I’m actually surprised they aren’t more frequent. I know that’s not what happened there. Prayers.
    3
  33394. I hope you reach 15K by XMAS !
    3
  33395. Michael, would you be able to generate a video explaining investments in FLA vacation rentals? What is the typical ROI. Best locations. Long distance management, etc. Thanks
    3
  33396. Thanks . This is very helpful. Love your videos!
    3
  33397. Insurance against natural disaster is always higher every where, that is if it is even offered. This is true even for your left states that you burnt to the ground, yourselves. Morons. Every major business will move to Florida and with our great governor, DeSantis, we will use your vidéo and actually improve on our economy. Meanwhile, where is the video that encouraging people to move to Florida. You should highlight the low and declining COVID19 infection and mortality rate.
    3
  33398. Another great and informative video👏🏼how did I miss this one
    3
  33399. I love your tone
    3
  33400. I can see how the extremely overpriced market that you're walking around in has people falling into the equity line/loan traps that you talk about near the end of this video. Worse, those types of loans are usually adjustable rate loans.
    3
  33401. The houses look like they are older homes!
    3
  33402. best city for being in my early 20s??
    3
  33403. I know some very responsible people who got help from family and are further ahead. We were not able to get any help and are also very responsible and are frustratingly behind. We have somewhat irresponsible family who arnt really ahead but have had family bail them out making it impossible for them to help us. We plan to help our kids and teach them respinsibility.
    3
  33404. Can I ask why your pushing gold? The S&P market is climbing over 10% a year right now.
    3
  33405. Well fill us in on where the best customer service is. I mean we visit Florida all the time, let us know where to go. It sounds like you've been to many places you're not happy with the service. I do like Miami, I'd never want to live there. I live in the D.C. Area, but would never live in DC. Lots of clubs, bars and tourist. I work in DC, and there are so many tourist. 😳
    3
  33406. Try the clay bar will take out all that industrial fallout right out!
    3
  33407. Good, update on costs.
    3
  33408. Thanks for confirming all my beliefs, your dropping some serious truth bombs , all direct hits on this One.
    3
  33409. 2:50 🤮
    3
  33410. The costs of moving in and out of rentals begins to increase on all personal levels. It is stressful as we age. However, the closing costs involved with purchasing are expensive also.
    3
  33411. I've heard Austan Goolsbee speak in interviews. He believes that this economy is fine. He can argue that for hours as an economist -- 'cause that's what they do. He is out of touch with the lower 60% of the public.
    3
  33412. Yep. Mortgage friends are out of the business now.
    3
  33413. My family is going to move to Florida next year. We are eye balling the gulf coast, within 45 minutes drive of Tampa. We are middle to low income, 3 kids, a dog... Wondering where is best for a rental home that isn't too expensive and good job opportunities?
    3
  33414. Michael, is your wife from Eastern Europe?
    3
  33415. People who don't show up to any of the condo meetings are the first ones to complain about things.
    3
  33416. I'm from Illinois 😪
    3
  33417. Florida Is nice to go visit, but just for a week, than is time to go back to beautiful Colorado, to my beautiful mountains.❤
    3
  33418. Love these type of videos moving to Tampa in a few weeks your videos get me mad amped.
    3
  33419. I live in a small town on the panhandle but even here it's packed with tourists! The only thing here is a small playground and its always packed!
    3
  33420.  @MichaelBordenaro  Im originally from Pennsylvania where it was nice and quiet but i moved to Florida in April 2018 after the B R U T A L winter 2017-18. I still have no regrets because I've made lots of friends here and life is going good... Will be even better once this corona crap is over
    3
  33421. Just bought our first house yesterday. Never thought it would happen, really feel like our market is not cooling at all. Beat up bank owned house missing windows and doors approaching 300k, seemed crazy but we did bid, thankfully we had a limit and got beat. I am sure we would not have been in good place if we got that. I hope we have enough to fix it up without borrowing.
    3
  33422. I love Juno!! It’s our home for last couple of years. Condo right on the sand. Never regretted it
    3
  33423. EVs are all major EMF emitters. Microwave yourself ;)
    3
  33424. because of the orientation of the coast, in socal, we do not get tsunamis. because of the cold ocean water (something you might mention) we also don't get humidity or hurricanes. because socal is a semi-arid desert, we don't get many (if any) biting insects. the wildfires are a genuine and growing menace, due to the grotesque incompetence of the state government.
    3
  33425. THIS IS F-IN CRAZY MICHAEL 🤡🌍
    3
  33426. fort Lauderdale Miami beach or st Augustine would prefer most walkable areas of three .. i enjoy your videos i would like to move next year
    3
  33427.  @MichaelBordenaro  good to know so my back up will be fort Lauderdale I'm gonna visit again in summer
    3
  33428.  @MichaelBordenaro  i added you to ig
    3
  33429.  @MichaelBordenaro  i agree with this i was there last year and really loved Miami beach
    3
  33430. Hi Michael great video and location what I did notice on this video was actually a crane on a new build haven't seen this for a while.
    3
  33431. Good talk, Michael. Good analysis. I liked the EV charts.
    3
  33432. If your manager didn't want you to hand out cards he could have given you a warning first...Some bosses are #$&^@";,&%×$.
    3
  33433. Metallica is my favorite band too!
    3
  33434. Hey Michael, love watch you videos about the housing market and seeing you walk around your area.. But man please watch how much sun you are getting... Also, how is the market in Central Florida different from Southern Florida??
    3
  33435. I always wonder what is behind the walls, such as how old is electrical and plumbing!!
    3
  33436. I enjoyed the video. That neighborhood is beautiful.
    3
  33437. good video bro. I love your realness of this stuff
    3
  33438. I was doing some research and to buy a home anywhere in Florida requires a salary over $100K (average salary in Florida is $35,000 *including Miami which is lowest in the country). That is insane. Which means there are too many people in homes they can't afford. Florida like in 2008 will see the worst housing crash in the country when these people start seeing massive layoffs. Enjoy the Decline.
    3
  33439. I would never live in a high rise or stay in 1 on vaca
    3
  33440. HOAs are bad in my opinion. It’s not really a community, it’s a way for the real estate investor that purchased the land to build townhomes, to keep the HOAs to manage their “development”.
    3
  33441. Congratulations!
    3
  33442. 73 degrees 95% of the summer in Monterey
    3
  33443. Thanks!
    3
  33444. I was looking at a house and they were trying to push the buydown on us. It’s such a trap. Don’t buy something that’s affordable today and will be unaffordable a year from now.
    3
  33445. 👍✅🙀✅👍
    3
  33446. they wont go lower than your buy zones median
    3
  33447. Greed is definitely part of the problem but raising low income salaries did not help the situation
    3
  33448. Several million for a pool deck?!?!
    3
  33449.  @MichaelBordenaro  let's say I create multiple accounts (emails). And I refer to these emails in order to get $25 where in reality I am referring to my own emails by cheating the system
    3
  33450.  @MichaelBordenaro  I figured. They probably check the IP address. Thank you for your answer!
    3
  33451. I remember you saying your modelling agency helped you out re accommodations? Sharing an apartment?
    3
  33452.  @MichaelBordenaro  this looks awesome, the front camera!?
    3
  33453. Great video. Who knew FL had 2 time zones?!!
    3
  33454. Great Video, Michael !...Thank you for the 18 min. Vacation....some really nice places in FL.....
    3
  33455. You have to live within your means and put away in some type of investment
    3
  33456. Plenty of job openings for the illegal aliens
    3
  33457. Great advice Michael..
    3
  33458. I'm working till the day I die no matter what. I hope so at least.
    3
  33459. GO TO THE HAULOVER SANDBAR
    3
  33460. Good video Mike B!. What's the thing with Hoa fees?. How does that work?. Is it optional or that comes automatically with all homes?. Would be nice to get a home without hoa fees. I would rather take care of my own house myself than to pay someone to take care of things lol
    3
  33461. 68 way too cold
    3
  33462. To my understanding a HELOC is not a loan if you take it but don’t use it. Maybe the person is taken it out waiting for a new opportunity
    3
  33463. Thank you. Yes, the pros and cons of great places. You are right! And for me to deal with any weather emergency my cabinet already has a lot of peanut butter and jelly jars in them. Along with some pasta noodles! Hahaha.
    3
  33464. How far ahead do you have to start looking for an apartment in south east Florida
    3
  33465. There will prob be 1,000,000 homes on the market within 12 months...
    3
  33466. Cool dry crisp air...and scenery...totally opposite of Florida.
    3
  33467. There is a good bar around Melbourne Beach that serves great hot dogs. I can't remember the name but my wife, son, and I stopped in after a day at NASA on our way to visit relatives in Melbourne Beach.
    3
  33468. Thanks Michael
    3
  33469. You look great in glasses.
    3
  33470. I hope I have not been a troll to your channel. You exude honesty and have presented some facts that I have not seen anywhere else on YouTube. I would like an opportunity to explain if I have sounded down or pessimistic/afraid of moves to Florida : career mobility is tougher than other places, due to the concentration of retirees, the nature of the service businesses located there, and the population density. I have sat in the Code Camp at Nova Southeastern U and listened to a job being described as if it were some foreign thing, that is very hard to get and needing of tons of hard labor in advance. I couldn't believe my ears. Anywhere else, if you devote a weekend day to your computer training, a job will be the least of your problems. You may not get the maximum sun rays, but you will have work, and nobody will be telling you to do a damn thing for free to get it. A weak job market in the most in-demand professions in American history since fighting a war is not a good thing, if that is indeed what I saw. That situation may have changed, and maybe nobody on this channel wants to work in IT. Too much "indoor time", as you describe. But actually, that is part of the point of being in Florida, you don't have to schedule around the sun. Not being negative, just warning, you go there, you are NOT a rock star until you are. There are places in America where the opposite is true, but not in a place with 9 million people. Best wishes.
    3
  33471.  @MichaelBordenaro  Awesome! Keep up the great videos. I still hold the fantasy of moving back down there, and figure my fears of the job market are probably way out of date now. When I was there, there was no such thing as an "online resume", because online did not yet exist, except for AOL and Compuserve. I go to Gulfstream to play the horses, and to the Swimming Hall of Fame to see how many laps I can get freestyle in that 50 meter pool. Also the 50 meter at Jacaranda is really nice. I would have been down as a tourist this year, but for Coronavirus.
    3
  33472. Great video. Keep up the good work.
    3
  33473. Thanks for sharing today. Sharing post immediately so others will know......from the Ozarks
    3
  33474. Heck yeah man, I fucking left Belvidere 2 weeks after high school ended and moved haha I don’t blame you one bit
    3
  33475. Looking forward to your tour, great content.
    3
  33476. student loan is not cash given, it's debt forgiven, they owe less per month, inflation will take it
    3
  33477. Dear Michael, what about countryside of north Florida? I mean surroundings of Jacksonville, Lake city or Gainsville. It seems that in this countryside and area there is less condos and more private houses, but no fences too much in these houses. These areas are less in danger from robbery and vandalism?
    3
  33478. Very helpful, thanks!
    3
  33479. I like how the natural gas suppliers here in OK keep running back to commission to get rate hike every two months. Claiming each time how they believe this is the last one for a while....
    3
  33480. These videos are awesome, thank you!
    3
  33481. totally agreed. I am so crazy about old houses with design like Tudor, Spanish, etc.....
    3
  33482. Well I am starting to learn so much and think the government needs to stay out of this....An I will be living in my RV through this all saving up money and building my financial system and keep paying off my debts..
    3
  33483. It doesn’t take much of a decrease in prices to put some people who purchased at the top of the bubble underwater. Once that starts I believe we’ll see a wave of foreclosures. It’s not only prices. Taxes and insurance only increase. I’d drop homeowners insurance if the bank didn’t force me to carry it.
    3
  33484. Hi! I really enjoy your videos. My husband and I live in Southern California and are planning on retiring in Florida in the upcoming year. We don’t know weather to rent or buy since we’ve never been there and don’t know the neighborhoods. Any suggestions? I would love a location like yours. Thank you!
    3
  33485. Michael Bordenaro thank you!
    3
  33486. Oklahoma is OK. I would rather be there than Detroit or Memphis, or a lot of other places.
    3
  33487. Why does most Florida houses have tile flooring?
    3
  33488. Michael Bordenaro ahh okay! I was looking at houses and apartments and a good chunk of them had tile flooringand I didn’t get why. Thank you for letting me know!
    3
  33489. 1st
    3
  33490. Thanks for the vid.
    3
  33491. Me too
    3
  33492. Excellent video Michael thank you
    3
  33493. aren't we in a v-shape recovery? stock market going up.. vaccine coming etc. ...
    3
  33494.  @MichaelBordenaro  yeah I see what you mean!
    3
  33495. But they’re aren’t enough jobs for the youth
    3
  33496. Are you in danger of the storm that’s on the way?
    3
  33497. Making it so cheap to borrow is probably the single biggest reason that now everything costs more. Now, things have to balance out at some point, or inflation will continue to make us pay for cheap borrowing. Can't have it both ways, unfortunately.
    3
  33498. Can you answer this? Say we put down 100-150 K on a house but still owed 200 K... with a 20 yr mortgage.. in Florida. What would you roughly put the monthly mortgage cost at? Give or take $500 for additional HOA fees ( do people get to chose 10,20, or 30 yr mortgage there? I imagine yes but I really don’t know) Thanks 😊
    3
  33499. I'm jealous! Beautiful beach! What color is the sand? Almost looks white.
    3
  33500. What goes up, must come down?
    3
  33501. 41:09 wtf
    3
  33502. OMG Micheal finally shaved sort of lol,I take credit for that.What a baby face boy lol.
    3
  33503. During hurricane, what do the majority of South Beach residents do? Stay or go to another city? Can you please share your knowledge?
    3
  33504.  @MichaelBordenaro  thank you!!!👍
    3
  33505. Beautiful beach! Your definitely in your element.
    3
  33506. Can't wait for your California videos.
    3
  33507. I think that I'll check out Alberto's channel. See what is going on over there. Great video
    3
  33508. Mom n pop flippers are the WORST offenders, they hire the cheapest unskilled workers they can find. I Am a 32 year home inspector in CA and see the worst examples of fraud and criminal neglect in the workmanship on flips. Do not buy a flip period
    3
  33509. Totally appreciate your videos! Also listen to Sachs Realty out of Maryland. As a former Realtor in southern Illinois, I am glad to be retired.
    3
  33510. Agree about the car accidents.... I got crashed into from behind by a crazy lady going 100 mph at 1:00 am in the morning crossing the Howard Franklin Bridge in Tampa!!! She did not even brake!!!
    3
  33511. Michael is such a smart man.
    3
  33512. Try DMSO on bug bites.
    3
  33513. Great commentary btw
    3
  33514. That much for a house that should cost $140,000? I guess you can ask as much as you want... And, there is a sucker born every minute.
    3
  33515. Thank you for taking me away, even for a while, from prison aka Michigan. I really enjoy your videos.
    3
  33516. World renowned people watcher 🤣🤣 love your videos man, especially Florida related because I plan on moving down there eventually. You got a regular, weekly viewer in me!
    3
  33517. Rumor has it I'm getting an AirB&B for my birthday next week in Daytona. I'm nervous, but excited?
    3
  33518.  @MichaelBordenaro  Thats great to hear! Thank you! Good luck on your super journey!
    3
  33519. P.S. man are you right about trying to find Reliable workers such as construction remodeling Etc down here. Never have experienced such unprofessionalism or just people that make appointments and never show up. We have found one good plumber and a decent electrician but it took numerous tries. Also another negative I would mention is, the Sun! I was a sun worshipper in the sense that I was always outside, bicycling, running, the beach, Etc. I loved it and I'm not sorry but, today, I look like a pizza with everything on it! In the last few years the sun damage has started to show up with a vengeance and it's almost unbelievable, so I could not stress enough to wear a sunscreen which is a pain in the ass but trust me, you'll be sorry if you don't. I've had several skin cancers and I look like a giraffe LOL.
    3
  33520. I think you are brilliant at such a young age, I love your advice and sharing it with my kids! Thank you! I am a native Floridian, born and raised in West Palm Beach and you have shined a light on the fact that we take Florida- for granted... we forget how beautiful and stunning it is, also don’t seek out and overlook all of the opportunity there is right here at our fingertips... thank you so much for “waking me up” at 53! I think the second half of my life is going to be wonderfully made because of you and I can’t thank you enough.... I feel as though I’ve been given back something that I forgot about and took for granted for way too long... you are so inspiring! 😊😘
    3
  33521. ❤️🙏❤️
    3
  33522. Michael Bordenaro ❤️ thank you for the kind reply! You’re awesome! Your Mom and family must be so proud of you! 😊
    3
  33523. Michael Bordenaro I’m sure she does! Does your family ever come to visit?
    3
  33524. I want to see a full range of motion in those pull-ups! All the way up, all the way down til your arms are straight as yardsticks 8P I enjoy your videos.
    3
  33525. Great video, thank you!
    3
  33526. I lived in Sebring florida and went to the college there in avon park George floyd went to the college there I didn't know him personally but saw him play basketball there Sebring Florida area has the highlands hammock state park good fishing on lakes and boating
    3
  33527. THANKS MICHAEL ❤
    3
  33528. Thank God you are ok🙏I don’t watch tv to much so when my friend said about a condo collapsed.I had thought it was you building.Sending prayers to all the family that where affected by this tragedy 🙏🙏🙏🙏
    3
  33529. Hello Michael Thank you for your Videos! Is the humidity on north like example St Augustine is it same as on the south Florida?
    3
  33530. I've never been to Miami but found this very interesting. I started watching your vids bc im looking for a warmer place. I just need to find a remote job so I can move 😎. Cheers on st.patties day!
    3
  33531. Plenty of homes available and reasonably priced in safe Port St Lucie Florida. Contact with ?
    3
  33532. I'm visiting St. Petersburg, Florida or somewhere near St. Augustine, Florida. Is car insurance there really high? I heard one guy from Chicago moved to Florida and his car insurance is 300 something a month. I'm from NY and I'm testing out the waters to live there probably in September or October. I don't want to live in NY during the holidays because I don't have much family left in NY. I need sunshine weather because my doctor said I was Vitamin D deficient. Should I drive with a NY license plate? I'm afraid. I just want to get away & live a better life in Florida. Thanks.
    3
  33533. People are thinking everything is ok because the stock market is doing well!
    3
  33534. Boomers will be the last generation to retire. Boomers have it good. Big boom cycle in a nonglobal market where America controlled everything.
    3
  33535. I've been flying from Vegas to California and Texas past couple of months. Frontier got very cheap (is similar to Spirit airlines) bad coffee, charges extra for seat selection, drinks and carry on bags. Southwest is still a great airline to fly with and if you book early the rates can be pretty good. My biggest complaint are the flight delays at LAX and Santa Barbara. I've been looking at international flights for Europe this fall and seeing $650 for economy/$3K for first class with Delta from Vegas airport.
    3
  33536. Thank you for making this video. It needed to be said. Many Fla haters out there. They don't know what they are talking about.
    3
  33537. Where do u buy the sun shades on here?
    3
  33538. 3:35 selling every 7y is one of the reasons prices are that high. At this point you added 14% just in real-estate commission and closing fees. We as a country are horrible at saving money. If you don't have 20% you shouldn't buy a house. .... and if you are wearing $250.- sneakers you don't get to complain. Ps : last sentence at 23:55 --- find that.
    3
  33539. It's hard to find such honest house market/economy reviews as Michael's !
    3
  33540. Nicely done
    3
  33541. I would still rather buy a condo rather than a house. I like being on the beach and would never be able to buy a house. Condo, yes, but not a house. And I personally enjoy the amenities that some of the high end condos offer! I doubt that condo sales on the beaches in Miami are going down!
    3
  33542. I dont see these data are alarming at all.
    3
  33543. Guys in Australia the TV is calling for the bottom while the RBA is still hiking
    3
  33544. Is there information out there that will point to the existing housing market inventory owned and controlled by wall st investors cash buyers? If they control it, then crash might not happen, which also means they will control the prices to be higher, and therefore the regular house buyers will wait indefinitely to buy a house. Is that a correct assessment?
    3
  33545. Thanks for the tour Michael. Love your video I am wondering how many step you get?
    3
  33546.  @MichaelBordenaro  Michael on the move it fun to report your step end of video thanks again
    3
  33547. Welcome back to our host. Beautiful beach walk. Thank you. Good topic and good content
    3
  33548. I’m sitting here now in Illinois downtown Chicago miserable point blank.3/13/21
    3
  33549. Here come the fast food robots.
    3
  33550. Only insecure people would leave a hateful comment imo. Ignore them. Your videos are Spot On.:trophy-yellow-smiling::cat-orange-whistling:
    3
  33551. Love the weighted chin ups you through in there 👍💪
    3
  33552. Cross the bridge on the north side of Longboat Key and check out Anna Maria island. Much more visitor friendly than Longboat Key.
    3
  33553. Texas and Florida have no state income tax....but they get you on the property tax as can be seen here. Its all a scam as only owners are paying for the utilities and infrastructure......
    3
  33554. Then they will know if you are going through Health issues. And will this then determines their decision, is my question? Michael, there are people using your picture , and to contact you on WhatsApp, in case you are not aware of this. I never will contact these individuals
    3
  33555. Yes opa-locka is risky but I live in Miami Gardens so yeah
    3
  33556. Please talk about appraisals.
    3
  33557. Michael thank you for this
    3
  33558. Thanks for the great video Michael! Just found you! Would you be able to help us find the right home? We are from NYC are looking to move to a calm and peaceful Florida lifestyle in a beautiful safe neighborhood by the ocean for under under $200,000. We do not know anyone in Florida nor are we familiar with any of the towns or neighborhoods. We would love a 55 and over community or anything else that you may suggest that would be affordable for us. Would really appreciate your help! Thank you so much!
    3
  33559. I would like to see a video on land. When is a good time to buy?
    3
  33560. Happy birthday!
    3
  33561. I recently got a new job that requires me to be up by 5:30AM 3-5 days a week because I have to be at work by 6:30AM. I hate the new schedule so much because for years I had been on a schedule where I stay up till around 2 or 3 and sleep till 10 or 11. It's been very hard to adjust and I stay tired most of the time because I can't make myself go to sleep before 1AM at the very earliest most nights. It's a good job and everything but it's pitch black dark outside when I leave for work and it's awful. People through the years have told me staying up and sleeping in is unhealthy but doing that is when my body feels at it's best. When I have to adjust my schedule like I have recently for work, I never feel at my best even if I'm getting enough sleep at night, it's just not the same as the other schedule.
    3
  33562. Great video man love the info
    3
  33563. Michael, we went to see Star Wars “Rogue One” at the local iMax. When they get to the final planet in the film…the landscape looks like Miami. As the camera panned down from above, I said to my girlfriend, “Look! There’s Michael Bordenero!” Walking among the Palm Trees…. Lol. We both enjoy your videos.
    3
  33564. Bill Maher on Biden... Walks like a toddler with a full diaper. He spent billions on student loan forgiveness and many more handouts. This guy has been spending billions of tax payers money to buy votes!
    3
  33565.  @MichaelBordenaro  I'm only saying it because I have made this mistake too.
    3
  33566. Good for you! Decent coverage.
    3
  33567. Good vid bro love the channel
    3
  33568. Hi Mike, I'm moving to Florida this year, I live in Chicago where you originally came from. I'm looking in the Ft Myers area.. Any advise ?
    3
  33569. But what if interest rates drop, say mortgage rates back to 5%, or even 4%, which was the average in the 15 years after the GFC? What if interest rates don't stay as high as they are today until 2025?
    3
  33570. I can literally be there for hours - that is my happy place where I can get my Zen....
    3
  33571. Thanks for the info.
    3
  33572. These home prices are like gasoline. Go up quick and take forever to go down.
    3
  33573. Congrats
    3
  33574. Uh that doesn't look like a Ritzy neighborhood and the house looks like a $100k in an expensive area. 😁
    3
  33575. Unbelievable.....
    3
  33576. octzone That’s cool! Could you share with us the restaurants you had a good experience so we could try in the future as well?☺️😋
    3
  33577. 20+ year RE appraiser here, and went thru the last GFC. I've been watching BOTH of you for 2 years. Great data, BUT.... you guys have been way too EARLY, which means your predictions are WRONG!! It will happen, but not until the fed starts to cut, and yield curve UN-INVERTS. The recession will then follow, and all markets (including real estate) will start moving down.
    3
  33578. Give those puppies scratches for me Lisi😊❤
    3
  33579. Sir I recommend the oakley jawbreaker sunglasses hd polarized
    3
  33580. Could you please do a similar video for the Lakeland/Lake Wales area? Thanks Michael
    3
  33581. Is the Champlain towers actually shown in this video?? I can't spot it
    3
  33582. I would just like to let people know don’t let your saving rot away to inflation in a bank. I bought short term treasuries yielding 3.6% annualized locked in at only 8 weeks with the option to reinvest. Protect your cash every penny is a soldier & I protect every single one of them!
    3
  33583. Sell high Buy higher
    3
  33584. Hello Michael thanks again for a excellent walking tour and like you I didn’t want it to end. I personally don’t think that you will get the same quality with a electric scooter as you are getting with the walking tours. Thanks again for keeping us entertained during these difficult times. Best Regards to both of you.
    3
  33585. Trillion dollar homes ?the American dream .
    3
  33586.  @MichaelBordenaro  Absolutely! And I think it's so great that you do 2 videos on topics to show the plusses and minuses on both sides, helpful to people on both ends of the spectrum. Keep it up!
    3
  33587. Please stay safe sir.
    3
  33588. hey guys, that is BoNkErS mike.! im 5th
    3
  33589. Hi Michael i video is pretty good for retires like us but i checked few condos on Trulia and surprised with the HOA fees.........you can add few hundreds more and rent a decent place.Any place HOA fee is reasonable near beach on east coast.
    3
  33590. Despite many people commenting 'why isn't this happening faster' is irrelevant. That fact that it is happening is really all that matters.
    3
  33591. That's so freaking overpriced! Stop buying right now so these prices can go back down. Nothing but greed!
    3
  33592. Another great video, Michael. I cant get over the prices in SWFL. I am in San Diego, CA. The prices are much more. There is nothing here for 200K here ( not even a condo). I always look at the listings in SWFL. I plan moving to SWFL when I save a good chunk of money for a down payment. I believe the SWFL is a great place to live. Once again I always look forward to your videos.
    3
  33593. You are so right I own a condo and never again they dictate to you like they're a cult and get them with the old ones
    3
  33594. California is great but its being destroyed by its government.
    3
  33595. Hey that looked like Pablo Escobar's luggage ... 😄
    3
  33596. 👍
    3
  33597. It’s also the babes. You the more in shape you are, you have better chances of attracting hotties. Let’s be honest, your attracted to what you see. You can also go shirtless with pride and not feel like a fat ass.
    3
  33598. I was paying $2.65 cheapest in Silicon Valley California in St Augustine I’m paying $1.91 for car insurance I paid $150 a month for a 2005 Toyota Corolla and in Florida I’m paying $80 a month for the same car. A lot of people in California and Florida are visiting or new to the state but both have terrible drivers wherever they’re from. At least Florida doesn’t have Los Angeles and San Francisco traffic. But coin laundry prices are the same for San Francisco and St Augustine which is crazy to me. Really the biggest difference is housing costs of $3000-6,000 a month in San Francisco vs $1,000 or less in St Augustine {renting} Sales tax in San Francisco is 10% and there’s a state income tax in California
    3
  33599. Yes unbelievable reminds me of 911!😢 Terrible I'm praying for Miami. Thank God you and Lizzie are well.😎🌴
    3
  33600.  @MichaelBordenaro  Yes definitely legally lol it just seems difficult unless I get a job there and someone is willing to work on my papers. I been to Florida many times and I love st Petersburg and Sarasota. Those are my ideal places. I will be visiting soon after covit is over. I'll check out your video for sure. Thank you!
    3
  33601.  @MichaelBordenaro  thank you so much Michael. I will consider that for sure!! Just followed you on Instagram. I'm under pearlbutterfly80
    3
  33602. I feel like the most important question didn't get addressed here. How many times per month can you expect to have guests? Right now I have the opportunity to purchase a studio with short term rental availability at Brickell city center downtown Miami. Between the mortgage, HOAs, and property taxes I'm looking at roughly $1900 a month in expenses. I can comfortably rent the place for $1800-2000 a month, but I'm wondering if it would be better to furnish the place myself and rent it as an Airbnb. Ultimately, what matters is how many times you can expect to turn it around per month. Can anyone here tell me what is realistic???
    3
  33603. As he's explained, when you're young you don't always have the extra money to pay for long-term care insurance, and many young people also think they're Superman, and will never have health issues. And when you're 25, 65 seems like 100 years in the future. But Alzheimer's has time to wait for you. Right now research for its prevention is running neck-and-neck with boomers' ages.
    3
  33604. I love this neighborhood you are in today.
    3
  33605.  @MichaelBordenaro  me too!
    3
  33606. Your best video yet, in my opinion 🎉!
    3
  33607. i dont know the reasons for buying at 1.5M for a home purchased back for peanuts, but the question always is can you sell it when you want to liquidate for close to or more than that. in the next few years that will be impossible. It may work for people with lot of money but for people on paycheck to paycheck this will end up going broke.
    3
  33608. Lionel Messi just joined Inter Miami in the MLS soccer for the tune of $53 million a year 🤑🤑🤑🤑. He’ll be looking for a house.
    3
  33609. Hey Michael! Yes show us the explosion on D Day!! 🏴‍☠️🏴‍☠️
    3
  33610. Condo HOA $400/month is steep.
    3
  33611. I agree with you on EVs. To each their own but do not force me. Supercharging is not much cheaper than gas. Show me an EV that is still on the road after 23 years like my Ram truck.
    3
  33612. Thank you for the upload Michael.
    3
  33613. I am just trying to relocate somewhere southeast Florida but hoping for Marathon Florida 🏝🏖
    3
  33614. Thank you’ll very much! ❤️❤️😃
    3
  33615. On my recent visit to north Florida (Gainesville area) I noticed an unusual anomaly of an over preponderance of very obese people.
    3
  33616. I bought at a lower assessment value but still had to pay taxes at the assessed value 🤨
    3
  33617. Love ur show Michael…been following you since you had about 25,000 subscribers…you’re getting better with every show…but…most of us do not live in a condo in Florida and the nitemare news of what’s happening has been reported on for well over 2 years…I’m sure it’s very difficult to come up with new subject matter day in and day out but it seems that lately all of ur shows are about the disaster of failing HOAs…interesting stuff but to be honest it’s getting incredibly repetitive…just IMHO…please expand your content someway…I watched 10 minutes of this show and it’s rinse and repeat much to often…just constructive criticism…bring ur wife on again for a proper distraction…jus sayin 🤣
    3
  33618. As a liberal myself who lives in SoCal, I would just say if you really want to move to Marin county be prepared to have friends with very different political opinions than yourself or that you may not make many friends at all near San Fran. Personally, you seem like a Florida type of personality to me. I would stay put (and just go for vacations)
    3
  33619. The square has several bars that stay open later.......with music. Walking distance from the hotel. City Fire, Gators, Red Sauce to name a few.
    3
  33620. Not you Michael there are a couple of realtor in Boise area that are DORKS.
    3
  33621. How does it work if it’s a loss and people can’t go back? Does insurance cover the loan? Or is it a total loss? Terrible!!
    3
  33622. $373 for 6 months of auto insurance Mazda 3, full coverage. $40ish a month water bill. Electric in summer around $80-100. Both bills are for 2 people. We bought our townhome when the prices were at their lowest point and rates in 2012. We got very lucky and don’t plan on moving anytime soon- one day we want a ranch style house with a pool, though!
    3
  33623. Mike, what are your 5 top gulf coast towns that you would consider. In order please
    3
  33624. Finally common sense prevails. Great advice Michael.
    3
  33625. Question for you, I purchased a home for $65,000 in 2009 now the house is worth 300,000 is it smart to sell that house and purchase a house that we plan to stay in forever right now?
    3
  33626. Even Farmers won't write new policies. Florida is a Hot Mess right now. Just wait until another major hurricane hits and it will. Thanks Michael and Happy Friday!
    3
  33627.  @MichaelBordenaro  thanks! Btw i knowntimes are bad and they might not doing atm, but do they clean outside of the window?
    3
  33628.  @MichaelBordenaro  thanks for quick reply! Really would love to move out to miami soon
    3
  33629. waiting for spring
    3
  33630. what about Jax
    3
  33631. @Michael Bordenaro how is the homeless situation down there in Florida?
    3
  33632.  @MichaelBordenaro  Thank you so much. :-))
    3
  33633. but, but inflation is transitory. Yellen failed Econ101
    3
  33634. Its going to be a cautious year for sure. Anything is possible though- bank failures, war, homeland attack. A lot of fear out there unfortunately. The FED has shown it will bailout if necessary. Or buy treasuries like they did last nov dec to stoke the market and lower mortgage rates. Not a lot of productive jobs being produced, mostly healthcare and govt. Govt jobs can be argued that they contribute to inflation. Not a lot of jobs that contribute to overall wealth of the country but since finance and money off of debt is now part of GDP, it really doesnt matter anymore. Jobs numbers always being revised lower while fedex and ups cant believe how slow things are.
    3
  33635. Looks like the guy following you had an offer to make...
    3
  33636. I’d love to see the blast happen!
    3
  33637. "Barracuda" Heart, 1977.
    3
  33638. Where is this place located????
    3
  33639.  @MichaelBordenaro  oh, yes I thought so. Beautiful area, but also very hit and miss.
    3
  33640. Michael Naples has been very crowded also, I am surprised aat the traffic, however, it is mostly contractors , trucks etc. it's alot.
    3
  33641. Green new deal. Electric vehicles. AL Gore, Greta Thonberg. 1952 RAF (Royal Air Force) admits to KILLING 34 humans in their weather experiments. USAF claims they'll control weather by 2025. Lyndon B. Johnson..".ultimately to control the weather and he who controls the weather will control the world." World of lemmings.
    3
  33642. They can raise taxes, because they don't care.
    3
  33643. I bought a home September of this year wasn’t listed properly pictures didn’t give you a idea of how nice the home really was it had paid off solar not even listed and it had a full top to bottom redo it was built in 1949 but looks like a new home floors paint bathroom kitchen new water heater central air I master suite add on and half acre lot got this in Yucaipa California my power bill is 5$ a month i love it and am happy I don’t rent anymore but this property sat for 6 months on the market so it was waiting for me 🙂
    3
  33644. 40K.. Very decent!
    3
  33645. Your best bet is to look for a home in ST. Johns County west, in a non-HOA subdivision. I viewed lots of homes for under $300K. The only reason I did not find any is that I was looking for AG zoning and over 2 acres. I live now north of Ocala in AG zoning for horses. I drive to ST. Aug once a month.
    3
  33646. Congrats on the new place! 👌🏻
    3
  33647. Amen Brother! Making the move from Upstate NY to Cape Coral FL in 10 months!
    3
  33648. Hi Michael, how much is the property tax, 5% or !% of the price of the property per year. just found you, great info. Thinking about retiring to Florida from California soon.
    3
  33649. Awesome content as always. Firefighter paramedic is another recession-proof career, I’m very grateful. Question about the new incoming condo reserve law. Is that for all condos or just the one’s near the coast?
    3
  33650. Thanks!
    3
  33651. San Fransicko is the shoplifting capital of the west coast and the quality of life in DC has gone to 💩 since the Biden's moved into town. There's homeless camps all around the White House within a quarter mile perimeter.
    3
  33652. Agreed, I'm not a morning person. I'd like to get up at least 10 am. I wake up at 6 Monday thru Friday now for work, ugh. But I love staying up late at night and just relaxing, that's why it's so hard for me to wake up early.
    3
  33653. Im doing fine. Btw I bought my house early last year when interest rates were about 4%
    3
  33654. About the 'risk of losing a job '...no such a thing as a secure job...one day you feel good, tomorrow things can turn 180. Happened to me before. It's always a risk to buy...if you can put 0 down and get the seller pay the closing cost, AND your MTG with estimated maintenance expenses equals to the cheapest rent in town at the time, buy. If not, rent....unless you have a sizeable savings and skills that quarantees a quick reverse of the 180, meaning you're the kind of person who always lends a good job, and quickly.
    3
  33655. That's bonker!
    3
  33656. Yea for those of us still wishing to move to MIA can you please keep us periodically updated with the social state of affairs out there? Many Thanks! :)
    3
  33657. I think it's funny that there are so many "Florida man" stories, but I can tell you that I have personally read MANY "Oklahoma man" stories...they just somehow don't always make national news. Except the Tiger King. 🤦‍♀️ I'm sure it's the same as y'all feel when a "Florida man" story comes out - these people make for sensational news, but are not indicative of the quality of the majority of citizens!
    3
  33658. i am going to take my growth recession ass over to miami and live on the water. go dolphins and heat
    3
  33659. Do you get concerned when houses have been listed for 300 - 637 days? Or is that a bargaining tactic?
    3
  33660.  @MichaelBordenaro  is that a red flag for buyers that there's something wrong with the house or area, if its not necessarily overpriced? When using Zillow I use the overlay of crime, but who knows if its right?! 😉 thank you for your knowledge and insight as always.
    3
  33661. Visited Tampa/Clearwater/St. Pete in December 2019 for vacation and to visit a college and have been house hunting and contemplating since then. Living in the mountains, the cold is rough and definitely want to head south.
    3
  33662. Michael Bordenaro thanks so much Michael! Hey maybe eventually I’ll get to meet you and your wife!
    3
  33663. Self insured for over 10 yrs. Property in a trust held by an llc in the Canary Islands
    3
  33664. Happy New Year to You and Yours.
    3
  33665. We are waiting to buy our first home when you say it’s a better time. My husband and I appreciate your advise and respect your well informed opinions. In the next few weeks we will be getting a settlement of about $100,000. Besides going a a much needed vacation and do some fun spending, what are your suggestions for investments? I want full access anytime for any reason so traditional banking like a CD or ROTH account is out of the question. How much cash do you recommend keeping in cash in a safe at home? Thanks!
    3
  33666. Will someone educate me please. Was there a time when a Veteran could assume a VA mortgage from another Vet?
    3
  33667. Hi, please does the shopper get cashback every time they shop or is it also a one-time cash back?
    3
  33668. Housing market has already crashed. Investors wrecked it. I hope all the predatory investors lose everything. Houses need to be owned by families and people that actually live in them. Not slumlords sucking every last dime out of people keeping them poor. The bloodsuckers at carvana which have been bleeding people finally had reckoning the stock price is below IPO of five years ago.
    3
  33669. tons of auctions in March and April for Florida homes by US Treasury
    3
  33670. Airlines got billions bailout money from taxpayers
    3
  33671.  @MichaelBordenaro  Lisi is awesome! Such great energy :)
    3
  33672. Even McDonald's is laying off people
    3
  33673.  @MichaelBordenaro  Sarasota also not very affordable anymore. I sure wish I had bought that Siesta Key condo back in the late 1990s, as it has tripled in value since then, and right on the beach (#1 in America, according to Dr Beach). Oh, well!
    3
  33674. Do u know something about 30% foreigner tax???
    3
  33675. I love your content you should try to get on Tim Pool’s podcast teach him more about the current economic conditions and the social implications that the economy brings
    3
  33676. 1:07 You were about to slip up and say crypto. Lol
    3
  33677. If you would have only one choice to live in: west Florida or East Florida - which one would it be?
    3
  33678. Great walk and talk Michael. Our HOA boards keep tight reigns on our HOA reserves and expenditures in AK and AZ. Always planning in order to keep the maintenance current and avoid special assessments. Definitely miss the single family home life though.
    3
  33679. This must have been filmed in Miami proper
    3
  33680. Great perspective, love it.❤️❤️
    3
  33681. So sad 😞
    3
  33682. Congrats paisan. Glad to have helped!
    3
  33683. That's the problem with millennials, they dont know how to update homes. They want everything brand new, but nothing stays new forever. Every home needs constant updating over the yrs. I bought a fixer upper and changed my own light fixtures, I switched out the old kitchen faucet.....and I'm a girl! If you can't replace simple things in a home yourself, you should rent then!
    3
  33684. I'm in Bonita and I like the beaches, although the last time I went, nothing was posted about red tide, yet it was very visible. I went to Delnor Wiggins and when I paid at the gate, they didn't say anything about it.
    3
  33685. How is the actual town itself? I’m considering Bonita the beaches there look really nice and lowkey!
    3
  33686.  @Declan_Payan  crime is lower than Naples and Ft Myers. There's very little "bad" parts of town and they really aren't bad in my opinion. They've renovated the small downtown area which has a small town feel to it. Prices for homes have gone up like everywhere else. It's low key here, which I like, but still close enough to Naples if you want a little socialization, shopping, restaurants.
    3
  33687. For the one guy thinking pulling money out of 401K early and buying investment properties with it, it's true there's a 10% penalty and income tax for the year. If the amount left is high enough to buy the properties outright in cash, then the higher mortgage interest rates would not concern him.
    3
  33688. Great vlog Mike keep up the awesome work looking to head down there in a few months possibly looking to rent down in Vero beach or Saint Augustine what do you think I know you love Saint Augustines
    3
  33689. Love your videos😍👍🏼 I lived my first 20years in Brazil now 20years in Indiana😆 I would love to move to FL, just the bugs🪳kinda not a fan😜
    3
  33690. Amazing walk 🧡 thanks again for the company too ! I like the walk about a precisely because I’m not alone . My dad and I traveled together . We walked and talked and this is good . 💙
    3
  33691.  @MichaelBordenaro  Thank you!
    3
  33692. Cheapest studio apt in Jacksonville is $650 month to rent, in the less appealing west side away from the beach. Cheapest beach side in Jax runs $1,000 but there’s limited availability. I noticed prices increase in St Augustine and jump higher in Palm Coast of course the weather is way better so justifiable. I did find an okay apartment complex innSt Augustine by the lighthouse at $850 a month which is a deal even though it’s run down. There’s just no availability beach side in St Augustine for renting.
    3
  33693. They've been talking about UBI for awhile now. What else can you do if the population keeps going up as tech and AI take over many industries?
    3
  33694. Some sellers are unreasonable for what they are listing their property for. I see homes still on the market for several months with no offers. The prices need to drop another 30 percent for some to consider buying. Interest rates are too high HOA fees are not helping either.
    3
  33695. Always look for the positive no matter the market conditions. The economy is like the weather - we can't do much about it, but this doesn't mean that we should stay home and not find a way to enjoy the weather and go about our business. I personally am against all this negative talk from so many ordinary guys and "financial gurus", but I understand that they have to make a buck too.
    3
  33696. 👍✅😜✅👍
    3
  33697. We are headed towards a social credit score like China. Imagine them lowering your credit score because your social media status is too offensive
    3
  33698. HOA fees only go up
    3
  33699. IF WE CHEAK THE PRICES UNTIL 2016 EVERYTHINGS WAS NORMAL BUT AFTER 2016 THE PRICES 3x GOING UP WHICH IS NOT AFFORDABLE WITH PEOPLE INCOME I BOUGHT HOUSE IN BURBANK CA IN 2010 FOR 375K AND NOW IS 1.475000$ LOLLLLLLLLLLLLLLLLLLLLLL
    3
  33700. Love it. Can you do more of these videos?
    3
  33701. Here is my theory of every day pricing. If you have two beautiful matching pewter candlesticks and put them in a yard sale with one at one end, and one at the other, with different prices, ($9.00 for one and $91 for the other one)7they will both sell to different people. When people have money in their pockets as you keep saying, they absolutely must spend it, and people get their money in clumps. Bonuses, gifts, savings, inheritances, etc.
    3
  33702. This is sort of a tangent. Ok it's not even related at all, but I'd love to hear your thoughts on China Michael. Example - One way that Chinese attempts to undermine U.S. security lies in their expanding purchase of agricultural land and food processing companies. A recent report from the U.S. Department of Agriculture found that China currently owns more than 352,000 acres of agricultural land in the U.S., adding roughly 30% of that total since the beginning of 2019. Equally concerning is Chinese ownership of U.S. food processing companies. In 2013 a Chinese company bought the largest pork producer and processor in the U.S., Smithfield Foods. Four years later a state-owned Chinese company purchased Syngenta, one of the largest seed companies operating in the U.S.’
    3
  33703. I have received mails which says they are interested in buying my home 🏡. That's why I am not a sales ...I can't handle the cold callings. I don't have thick skin and I can't handle rejections well.
    3
  33704. Brother;If you can buy it,go for it...St Johns is becoming the number one place in the US to buy...PS;I sold my Palm Coast pool property in minutes last weekend...
    3
  33705. Hey Michael! Great video & very wise advice! (Are you talking about US Treasury I Bonds as investments? thru Treasury Direct? )Thanks for more info on subject.
    3
  33706. South Beach looks like a dump. Is Miami Beach or North Beach any better? How about Fort Lauderdale or West Palm Beach?
    3
  33707. Been looking at moving our whole company to Florida from CA. Cost for us would not be an issue. But the heat could be a problem
    3
  33708. Texas property taxes are completely insane. Not worth living there anymore.
    3
  33709. Yes, people are paying attention to these over price home. People just can't afford to buy these homes because of greed and high interest and the taxes are ridiculous too on some of these homes 😒
    3
  33710. Michael, I don't know about Miami, but here in Sarasota I can't be happier. I put a deposit on a brand new townhome that I will be closing in August on. I bought it for 650K and the new construction next to me are selling for over 800K. Crazy I know but the community is a 3 blocks from downtown, I am literally 15 minutes for world class beaches and I love walking and boating. I am paying cash for this townhome because I feel when you retire you need to be debt free. Yes insurance is a little on the expensive side, but nothing as crazy as you indicate it is in Miami. And about your 4 "negative" point I find the people here wonderful, friendly and helpful. You want to see rude, maybe you should visit New York. Anyway Love your channel keep up the good work.
    3
  33711. Why do you guys think California has more homeless than Florida? Curious.
    3
  33712. Your videos are great! I subscribed and have been binge watching you videos in anticipation of the day when we move to FL. I appreciate all the "real deal" information. Very helpful to go in with your eyes open. Question(s): who hires the title company? Are there reputable RE attorneys that can review the contract? It would be great to know what needs to be in the contract by law AND to what to add to protect yourself. And who are all the players and what they each do?, i.e.RE Agent, Lenders, Mortgage Brokers, Underwriters, Title Company, etc Can you do a video(s) on that? Thx so much for all your helpful videos. Lois
    3
  33713.  @MichaelBordenaro  thumbs up on your video!
    3
  33714. Are there many deals like this in Miami?
    3
  33715. With the airliners having trouble keeping quality pilots due to pay, early retirement & overworking conditions, we will hear more stories about more incidents & major crashes from poorly trained rooky pilots & airlines cutting corners & being greedy. Don't agree just remember 18' Boeing 737 max.
    3
  33716. Michael, Great video. I found your channel and subscribed today. As a Realtor, which of those cities in your videos, on the East and West Coast of Florida, could you help me buy a house, when I look to move to Florida ? Thank you
    3
  33717.  @MichaelBordenaro  I was looking up this website https://aqicn.org/map/florida/. I just realized Air quality keep changes from day to day everyday, so what I saw a few days ago as being moderate they are now "Good". Thank you for responding.
    3
  33718. I never knew how high those types of insurance cost! Plus, good thing I shave my head. 😂
    3
  33719.  @MichaelBordenaro  Definitely good to know. And yes, I like it actually but you can totally rock the long hair!😎
    3
  33720. Dude I am addicted to your channel. I want to insert a comment about Foreign Investor ownership of real estate. A few points - in some places (and at certain times) foreign investment was/is illegal. If I can take you back to 1985 (I'm an old guy), Japan wanted to buy Rockefella Center (at the top of a real estate market boom) The US congress had to give The Japaneese Investment company a special waiver to purchase it (because foreign investment at the time was not permitted. Of course when the real estate market crashed (a few years later) and they were underwater on the investment - they tucked tail and ran back to momma. Today I am of the impression that Bill Gates is purchasing all the farm land as a proxy purchaser for some foreign investor (This is just speculation on my part) because it it illegal in parts of the US - (Maybe for CHina). I remember clearly at one time it was illigal for foreign investors. It might be worth investigating - But as an old guy I clearly remember it was at one time. Can't get enough of your excellent /accurate rwports
    3
  33721. Yes, I agree. Everyone should stop buying and renting right now. Love this channel!
    3
  33722. These videos are the best
    3
  33723. Government wants high price for high property tax.
    3
  33724. I see a peacock and think the partridge family.
    3
  33725. Good video. In one of your next videos, you need to make on on insurance in FLA. I just sold my father's FLA property for top dollar cash. I want to buy a retirement home in the area north of Tampa where I am interested. We have not only the weather threat but sink hole threat as well. My home owners insurance cost for in the northeast is under $1000 per year and for my father's home it was $2000 for a home that is less than half the value of mine. My Father's insurance was cheap because he had a grandfathered policy. The sink hole insurance is a scam in FLA. You get catastrophic coverage on your basic home owners policy. But for it to pay off, you must meet a bunch of criteria under FLA law which is very unlikely. Then you buy a policy to really have sink hole insurance for additional cost say 2k per year with a 10% deductible. So a 300k home would have a 30k deductible plus the premium each year. In some cases it will cost over 100k to fix a sink hole. Then you have to sell a house that has a sink hole. Also, I priced auto insurance. My realtor I used in FLA pays $3500 per year in auto insurance for 2 cars. I pay less than 1/2 of that in my state because we require everyone to buy auto insurance. So we have very few uninsured motorist on the road vs FLA. I heard the Miami area is the worst for this. So FLA may sound like a good deal with no income tax but when you put all of the costs together, the cost savings may not be as good as you think. Your other point on the new property tax rate from the county needs to be factored as well. Again good video.
    3
  33726.  @MichaelBordenaro  people will do it anyway (not me) but if they can get a student rate.. and yes, I know your video is regarding the usual cost.
    3
  33727. When are you hitting the road Michael?
    3
  33728. Thank you for sharing your advice about the real estate market..
    3
  33729.  @MichaelBordenaro  It is nice hearing from brokers in those nice warm markets.
    3
  33730. Just moved in Miami like a day ago and I'm already can agree with you about the service. I tried to change a tier after long trip from LA and a guy who works there, he was so drunk and he tried to stand up like 20-30 secs which was very funny
    3
  33731. Barbara is a LIAR
    3
  33732. Love the new format.
    3
  33733. Where do all the minimum wage workers in Miami, So. Cal. like baristas or cashiers at Walmart live ? Are they living in a house there with at least 10 roommates?
    3
  33734.  @MichaelBordenaro  I was on the gulf a couple weeks ago. Went beach hopping in Naples, Siesta Key and Longboat Key. Swam at all 3 and the water was beautiful. Not as nice as the south east coast.. Still top notch though. A lot of people were in the water in Naples and Siesta Key too. The red tide is still present?
    3
  33735.  @MichaelBordenaro  It was a pretty insane trip! The list of beaches, activities and places visited was epic. That day alone I stopped in the Everglades, Naples, Siesta Key and Longboat Key. Then drove back by the Deerfield Beach area (where I stayed before heading to the Keys) to my hotel at night 😁 Which was ocean front with a top notch beach👌🏻 I really wanted to see the gulf for potential future visits. Gather intel 👍🏻 The landscape and cleanliness of Naples & Longboat Key was impeccable. They're very beautiful areas. Thanks for you suggestions 👍🏻
    3
  33736. we are really enjoying the scenery .This is why we never ever ever use Uber they keep raising the prices little by little and we will never use Uber the younger generation Gen X millenniums they want to live high on the hog everything goes on the credit card don't care it can always file for bankruptcy
    3
  33737. I enjoy all your videos. You are just great to listen to. 🌞
    3
  33738. Loved the video! You always provide such good information, thank you!
    3
  33739. Michel, you are one smart man.
    3
  33740. Wait until you hear Rocket Mortgage (formerly Quicken Loans) UWM, United Wholesale Mortgage and Home Point are the Big 3, watch for news or news under the radar, THAT will signal the big drop off, buckle your seatbelt, sell the house, run for cover. When they go down, it is all the way over like 2008 when our entire pipelines fell out at Countrywide, Wells Fargo pulled the plug on wholesale, WAMU, Washington Mutual. It was ROUGH when those lenders went down, like a water faucet turned off and would not go back on.
    3
  33741. You seem so authentic down to earth and really caring keep up the good work man it shows soon will see you I’ve been waiting all my life to buy my condo in Miami almost there And hope that you can find me my dream condo for me and my wife my dream is to pass it on to my children and never go through what I go through when I grew up poor took me years to get to a decent level love your channel bro
    3
  33742. this bill will hurt the homeowner - when the insurance company won't pay your claim your -ucked no one will drop money on an attorney with the hopes that they'll get the claim paid the insurance companies have the money to drag it out making you give up
    3
  33743. Looks like Miami Beach citizens are doing their part 👍👍
    3
  33744. Will agent numbers even go down? Just because they quit actively working it, they still have an active license.
    3
  33745. You said it best, they’re trying to help the taxpaying people! Pure Common sense by the state.
    3
  33746. Asking for double less then a year is crazy
    3
  33747. Government is not going to forgo a tax increase because they collect on bills. It does not work that way. Government will do both.
    3
  33748. Lol!!!! The landscapers……Try doing a video on a navy base with loud jet noise screaming in the background.
    3
  33749. Congrats on 1000 subs and Happy Birthday! Love your videos. Very informative and helpful as we’re thinking of maybe moving to Fl. We are retired living in Midwest and the long winters are really getting under our skin. May 7th and they’re talking snow for Sunday night🙉. Crazy! We spent over a month in Florida this year Feb/Mar visiting family and friends and loved it, except of course for the lockdown as the beaches and restaurants started to close, so we left, but overall we enjoyed it so much. Maybe we could do this every winter to break up the monotony of Midwestern winters. We have a small rv so we can stay practically anywhere. Thanks for your videos, appreciate it 🎈🎂🎉
    3
  33750. It’s a shame that some of the residents who live in the good parts of Miami live in low lying levels then the people who live in Miami Gardens and opa-locka but as they say ignorance is bliss that serves them right.
    3
  33751. 👍🏻peace and quiet. Easy to get overwhelmed by all the annoying humans floating around. Go to an HOA meeting and you will get overdosed on enough human annoyance to last you a year.
    3
  33752. $18,500.00 Property tax per year? What the hell! So, if you finish paying your home, property taxes got you by the balls like paying monthly rent of $1,550.00. What is the point of paying off your home if you still be paying a monthly rent? My granparents bought homes in the 70's and there property taxes are like $500.00 bucks.
    3
  33753. How do you spend "over your credit limit"?
    3
  33754. Growth recession? Insanity.
    3
  33755. I always thought it was smarter to just live off your income and keep investing a little in retirement instead of living off your principle. If you bite into your principle eventually you will run out.
    3
  33756. good message, thanks
    3
  33757. Really like ur videos will be moving to Florida soon
    3
  33758. Great video man..!! I appreciate the content, quality and your opinion in this episode.. I'm happy to tune into your channel.. You have a new sub...! TNX
    3
  33759. Michael Bordenaro I did. I’ve started a channel back in 2016 but I don’t know how to edit and put music and other stuff in videos. If I did I would have tons of videos
    3
  33760. Wealth for now will protect some against housing issues, this stupid foolishness if it continues will begin to affect the affluent and wealthy. If one works hard , is frugal with finances one ought nought be a millionaire to afford a humble safe home .
    3
  33761. You’re fooling us, Michael. You know gators don’t just swim in open clear water with currents like that. They are mostly in murky, still waters.
    3
  33762. I've a friend that has a condo in myrtle beach....Vista del Mar....his association fee is $2400 per month....insane!!! It is a nice condo...but...da**.
    3
  33763. Hey Michael, my daughters over there right now looking at a property and it has the views you’re talking about.
    3
  33764. Back on top! 🥇🏆 😁 BTW I'm not here just to be first. 😂 As someone who owns a lot of real estate rentals it's always good to stay informed.
    3
  33765. Can you explain the difference between qualified and conforming? Or how they interact with each other. Are people getting non-qualified non-conforming mortgages.
    3
  33766. Great Idea!
    3
  33767. Congrats! Good for you!
    3
  33768. Love your channel and your content! Yes I would like to see what you think are good investment deals. What about owning at these prices then renting out if the market corrects and they overbuild?
    3
  33769. I look forward to seeing more neighborhood walks.
    3
  33770. Great as always
    3
  33771. Most people are hoping for higher home prices because they own homes. You channel filters those people out, giving the perception that most want a crash.
    3
  33772. Love your channel This stove BS it’s insane… what they don’t tell you that to install a new electric stove also need wiring and only if the panel have space to support the 220vDouble braker It will cost from 2k to up 12000k if you need new electric upgrade to the house… it’s insane
    3
  33773. I built my home in 1996 and had a 6.375 interest rate with excellent credit. Most people paid 7% or higher at that time. Therefore, current rates don’t seem outrageous to me; however, house prices are outrageous.
    3
  33774. Amazing
    3
  33775. Clearwater Beach is awesome. But that roundabout is brutal.
    3
  33776. I have been following/subscribed to your informative videos for 2 years now. You have been on point and simple to understand; which separates you from many, trying to do the same. This is the first time I’ve commented to an informative YouTuber. Thanks for the inspiration of your diligence of staying on top of the game in your work and sharing to those that choose to watch/listen. Good job.
    3
  33777. Stop in at Snook Haven fish camp on the Myakka River when you hit Venice.
    3
  33778.  @MichaelBordenaro  totally agree, I like how you can walk everywhere. Everything was so close to the place we stayed!
    3
  33779. Definitely moving to Miami
    3
  33780. Michael this was all by design!
    3
  33781. Oh no! When it goes to 89-100k you will feel so terrible for buying at 22k lol
    3
  33782. 😁😂
    3
  33783. Sarasota/Siesta Key Beach #1 area to live or visit.
    3
  33784. Awesome video man!
    3
  33785. Michael what is keeping you in Florida now?
    3
  33786. Next, you're going to get chased by the banks 🤣.
    3
  33787. I cannot believe you had doubts about your youtube career.
    3
  33788. Another blue and yellow Ukraine flag. I wish they would send their own money for that war instead of my tax dollar. Better yet, give them a rifle and a parachute. Minute 14:29
    3
  33789. AI is nowhere right now. Cmon sure in the future this will be an issue- but right now in the real world it’s interest rates , inflation unemployment and the long tail effect of the worst public health crisis in all our lifetimes
    3
  33790. I'm a minority and I am very interested in this program
    3
  33791.  @MichaelBordenaro  okay thank you for this information. I cant wait to move to Florida!
    3
  33792. Great video
    3
  33793. This one was fun!
    3
  33794. In Sweden u cannot buy property unless you were born there. Its always been.
    3
  33795. Las Vegas is still selling every single home within days.
    3
  33796.  @MichaelBordenaro  Posible, that's a old building!!!
    3
  33797. No crash IMO....just a long period of flat prices, with slightly rising rates. Totally depressing situation for first time home buyers. Rents are killing folks too.
    3
  33798. Location, location, location. Those houses are $200k in the midwest.
    3
  33799. Ocala Florida is Florida's best kept secret. A population of about 60 thousand, it is just right for retirees and a good place to raise a family. Houses are new construction and the city has almost everything you need. Great outdoor activities to.
    3
  33800. And if inflation is 10% & the nominal House price stays the same..in effect it’s down 10% already
    3
  33801. I’ve seen this in NYC, usually it’s a gas leak or illegal gas or electric connections. I’m in Sarasota, it’s heartbreaking. ❤️🙏🏻
    3
  33802. One of my favorite cities in Florida. I always eat at the Columbia when I am there.
    3
  33803. great content thanks
    3
  33804. As far as in Connecticut they're charging for infrastructure for charging electric cars . That is another thing that is sort of stupid about America look at the way China has designed their electric cars . It's a 100% better system you never have to charge your car 🚗. What they have is you drive up it's sort of like a car wash so to speak or consider it a gas station ⛽. You drive up with your vehicle . You drive in . A robot 🤖 . Take your battery out and put a new one in that's fully charged . Only takes like 3 minutes ,the same time as going through a car wash . Can you drive out the other end with a fully charged battery 🔋. You don't need to ever plug your car in anywhere or have charging stations at home or anything . And the best part about it is you don't ever have to worry about my electric car is 5 years old and my batteries are 5 years old . You never have an old battery or have to pay to replace the batteries. When they grabbed the battery out of your car . It goes on the shelf and starts charging. Any battery that doesn't take a charge good anymore . Goes in the recycle bin and a new one goes in his place. All this charging infrastructure is also not even necessary either . Like I say when your battery is low you drive right up drive in and drive right out with a freshly charged battery . They replaced the battery in like 3 minutes . They even have those on highways in China . Similar to rest stops in America . You just pull off get a new battery and be on your way. America is doing it the stupid way . Let's put charging stations all over and have you plug in your vehicle . In all types of weather conditions . Besides that can you drive away in 3 minutes 100% charged battery ? No
    3
  33805. Nope as the macro environment is terrible right now. A fed pivot is not a good thing and means something broke in the system. This is not over and it's going to be a lot of people blindsided as companies earnings get hammered. Layoffs are coming, and the new normal especially around housing and vehicles that was peddled for the past 2 years, is being proven wrong. Been calling this now the whole time saying that things are out of whack and people can't afford this. Been saving everything I can to be ready as soon as the right thing comes along. If you go back and read during the GFC what articles were calling for, it's been very similar and I'm glad I did that last year because a lot of this I already saw coming. The narrative is slowly shifting but they're trying to FOMO people back into auto and housing market.
    3
  33806. My first home was $74k in 1999. I was making a whopping $36k. I make more than triple that and that house goes for about $300k. It is sick. It will crash down between 25-50 percent in a couple years. Great for a cash buyer but a 8-10 percent fixed mortgage will burn that savings
    3
  33807. I lived in northern CA for 40 years ! I hate SF it’s use to beautiful not any more ! I left my Fart in SF lol
    3
  33808. Great video. Thanks Michael
    3
  33809. Congrats with the 1000 subscribers!! And Happy birthday!
    3
  33810. Outstanding Michael!!! Thank You!
    3
  33811. Hi Michael, I live in Chicago and been thinking about moving to Florida for several months. It is awesome you telling the local news at our hometown about Florida. Thank you for helping a fellow Chicagoan out. I'm a kinda scared that I move there but end up leaving soon after. I don't want to regret moving down there. You have any advice?
    3
  33812. Thank you Michael we need this information !
    3
  33813. I’m a vintage reseller lol so I’m like yeah I could sell that shit lol 😂
    3
  33814. Let's compare and predict the future. THEN,,,08-11, bottomed in late 11'(almost 4 years)nationwide the crash averaged 27%, more or less depending the market. Also, we had help then. There were bailouts, TARP, very low rates that continued for a decade. NOW,,, If it took 4 years then to bottom, we might see a bottom many years later(I predict 27'), Maybe a decade or more. This will come in waves cause there are more negative factors now. Now, we have high rates, can't bailout anyone because out debt in in the many trillions(didn't have a national debt like this 15 years ago. In waves. If we did have bailouts now, our rates will skyrocket since nobody will trust the U.S. Gov and want to purchase our treasuries(plus just add more inflation). Also the FED and congress wants to see rental rates plummet, they are vocal about this on both sides of the isle, to help the middle and lower classes. If rents are high and are coming down, home prices will plummet beyond the 27% of the 08 crash since mortgage payments are usually historically lower than rent leases.
    3
  33815. Good stuff
    3
  33816. Hi Michael. How is beauty salon/spa sphere in Florida? I’m esthetician, planning to open small spa there. Thanks
    3
  33817. First it was 2025 now it's 2026? Which 1 is it than? I'm tired of waiting..
    3
  33818. That was really good for you...
    3
  33819.  @MichaelBordenaro  makes sense I did notice a few managers for companies I applied to lived in Ponte Vedra the wealthy part of Jacksonville beach and all the employees live inland 25 miles west of the beach in the less nice part of Jacksonville
    3
  33820. The President wants to spend more.. Yea jobs are great but so much pork in the proposed infrastructure bill. We're overdue for a housing and stock market correction.
    3
  33821. Perhaps this might help. All the best. Cheers https://moldhelpforyou.com/ec3-mold-solution
    3
  33822.  @MichaelBordenaro  You are more than welcome.
    3
  33823. Not trying to be super negative, but wish I had grown up in Florida to be honest. Grateful for a good childhood in Indiana. Great state, and great people live here. But there wasn't a whole lot to do for me, myself. While it's growing, still not a ton to do in Indiana. In contract, Florida has so many landmarks to explore, not to mention all the amusement parks and beaches to visit. The weather allows you to do things outside year round. I'm a person who likes to go out and explore. Of course I love the relaxation lifestyle; which apart from working, is what I'll be doing once I move down there. Of course it isn't perfect. Humidity is high, bugs and alligators are worse than other states, and it can be pricey to live there in some areas. But it's a price to pay for living in paradise.
    3
  33824. How is Fort Lauderdale ?
    3
  33825. In what are the top 10 reasons to become a YouTube or in 2021?
    3
  33826. Imagine the assessments going up in all old buildings in Miami since the tragedy that happen , woow I think condos and apartments are not a good investments now , I think
    3
  33827. Thank you for your tour.
    3
  33828. im confused. so whoever owns the place you are renting is out 4k a month but he only charges you 2300... even if they own it they are still not making money
    3
  33829. For xbox controllers
    3
  33830. Awesome view and sunset. Don't get the sunset like that on the EC (East Coast) for sure. Not sure why somebody gave this video a thumbs down though :( Glad y'all are having a blast on vaca. Don't worry about those horses trotting up hill. :D They are more powerful and conditioned than you might think. They are just big doggies <3
    3
  33831. Hi Mike, I know you’re down in Miami… But can you do a video about the outskirts of Orlando? In particular Osceola , Polk and Lake Counties? (45 min max from Disney)
    3
  33832. I lived in Fort Walton Beach, for 2 year's, I moved back to Michigan because of family. I'm thinking about moving back there, do you have any thoughts about it?
    3
  33833. Here in Northern Virginia, $12/hour won't cover your gas and groceries for the month.
    3
  33834. If they have a fascist HOA, it wouldn't be for me...Oh wait, aren't all HOA's xxxxxx?
    3
  33835.  @williamwatterson8778 It’s Lisi, a short for my very complicated name: Lisiane 🤣🙃🤪
    3
  33836. As always great job
    3
  33837. But are home prices going to counter the fed rate increases?
    3
  33838.  @MichaelBordenaro  I wonder... I just saw a house on Zillow today that was sold back in 2008 for less than $200,000.00, and is now for sale for $895,000.00. It is in a bad area, too. The house has historical merit, but still. I wouldn't be surprised if they at least get $800,000.00 for it. I have it marked, so I can keep watch.
    3
  33839. Hello Michael 👋 thanks for this information for ppl like me that want to move to Florida. I have family in Miami and they said that they're already use to the tropical storms and the hurricane seasons. How is the situation about this covid19 going?
    3
  33840. It sounds very Orwellian to call the top of the market and all time high average mortgage payments "the bottom of the market". I'm not buying it.
    3
  33841. Love your videos. Amazing what you can get in FL vs Los Angeles CA. I’m wasting my money in high rent. Btw how much is hurricane insurance?
    3
  33842. michael you should open a winery Bordenaro Merlot...great vides....but saint augustine is the best...imo
    3
  33843. Yea he's legit!
    3
  33844.  @MichaelBordenaro  hahaha!
    3
  33845. If Bill used a Relator, he had a crappy one if he was not informed to get a survey prior to buying.
    3
  33846. Suggesting we go back to medieval times in how we treat each other? Cool cool, man! At least housing was affordable back then 🤣🤣🤣
    3
  33847. Crazy. I do hvac work. And have probably been in every one of those commercial buildings and condos at least once lol.
    3
  33848. So i just watched the east coast rentals. I thought it would be cool if you did a west coast rental and there it was! I really enjoy your videos. Could you do a video on the differences between east/west coast? Such as the beach, weather, people, etc. Thank you
    3
  33849. I have cash 300 thousands im in Arizona looking. The government needs to let it crash . Tired of manipulated prices.
    3
  33850. Yes I love this video!! Thank you for sharing this location........it's now on my list to check out next time I'm down there! 💜🤚
    3
  33851. Great information, thank you and for the beautiful sounds and views of the ocean too!
    3
  33852. It still surprises me how many people think homes are "supposed" to drop back to 2019 levels or lower. The federal reserve printed trillions of dollars, almost a quarter of all dollars in circulation today were printed in 2020. Homes are overpriced, some areas worse than others, but by the time the dust settles the price floor is still going to be higher than 2019. Every American lost a tremendous amount of buying power during the pandemic. It's not that homes suddenly became worth twice as much, it's that the dollar suddenly became half as valuable in the domestic economy.
    3
  33853. In short this s double-edged sword for the average guy. Can’t afford to buy and can’t afford to rent. Good thing I’m a future landlord, putting my house for rent and moving overseas.
    3
  33854. All that money for taxes is going to reparations to illegal immigrants, Ukr, Israel, and the military stocks!
    3
  33855. Michael while ur there take the local boat it takes you over to restaurants. It cost 2 dollars..cool experience. For tour viewers too. U get it at bora bora waym ask anyone they will show u
    3
  33856. love this one as well. I think many youtubers normally do one thing Such as only driving, or only walking or just taking figures but your verity of videos answer it all! It’s not that I like some more than other I love your channel because it’s like all inclusive package that includes everything you need to know about Florida 👍🏻. Loved it! Florida is so beautiful - I can’t wait to move
    3
  33857. Looks like an EVH amp in the background...
    3
  33858. Same with North Carolina
    3
  33859. Tell me something happy before I go to sleep
    3
  33860. What we all have to do is offer 40% less of asking price or offer 2018 value. Whichever is the cheaper. This is the only to bring real estate back to reality. Housing in my area (Cali) has increased in a lot of cases 450k in two years.
    3
  33861. So, you talk abt Super pricey longboat key, and Bradenton and St. Pete and even Venice where median age is 69 but you left off Sarasota? What statistics are you looking into?
    3
  33862. Hi I’m wanting to move to saint aigustine by myself , I have no kids no pets or anything and I need help finding the best place for me
    3
  33863. Stock Market is doing good at the moment.
    3
  33864. So if you think the 2025 deadline will be extended or exempted or mitigated in some way, that means now the time to buy those condos at bottom dollar price. If you got the balls to do that and you REALLY believe what you're saying.
    3
  33865. Well stated!
    3
  33866. You made me laugh I'm eating soup and I almost spilled it 😂. When you said parents pretending to know what they're doing . And kids pretending to know what they're doing. That's the American way haven't you realized it ? We have a president and vice president for many years now that have pretended to know what they're doing 😂😂😂😂. In fact the vice president that didn't have a clue of anything what she was doing is now even running for president 😂. Why should people care about what they're doing ? If you have a president and vice president getting paid to run the country and don't do anything 😂.
    3
  33867. I'm jealous! It's cold in the Panhandle.
    3
  33868. That's for sure. Enjoy!
    3
  33869. Oh no, MN is cold, I'll take your panhandle right about now!
    3
  33870. You save us thanks.
    3
  33871. Lisi we gotta see you run in that ocean water lmaoo🤙🏾🖤🖤
    3
  33872. I would imagine if you've got some good resources i.e. CASH your buying power might be pretty good right now but then again you're competing with the big boys too
    3
  33873. 🤣😂😂😂
    3
  33874. Well good to know the emergency lights work...or not 😅
    3
  33875. So I’m working 2 jobs a 9-5 then a part time night and weekend job from 7:30 am to 1:30 am 3 days a week and alternating weekends but a co worker quit so I have to cover her 3 days and weekends so I’m
    3
  33876. Someone please buy Barbara a sandwich.
    3
  33877. Good thing you leased it! Don’t get a another jeep!
    3
  33878. Thanks Michael for sharing another excellent review, I’m really enjoying your tour. Best Regards to both of you.
    3
  33879. The build has outlived its life cycle. And a lot more changes are coming to other buildings. Sad.
    3
  33880. Michael, whenever I rent a car in Ft. Lauderdale, they say I'm wise to have the non-owner coverage. It's gone up because air bags have made it easy for the young fools to joy-ride in stolen cars. You might want to keep it.
    3
  33881. that is crazy!! Houaw #2 and the last one are the best ones easy!!
    3
  33882. This is offered in a good spirit. I really enjoy your videos but one thing rattles my nerves (as a former English Teacher): it's when you say you can't do X no more. Since can't means cannot, when it's combined with "no more" you are actually saying the opposite. Correct grammar is merely substituting the double negative for "You can't do that ANY more." Please use this advice. I always associate the "Can't do that no more" with people who lack education. And if you have educated clients, they will also reel at the sound of those misplaced words.
    3
  33883. The epidemic is a mind virus.
    3
  33884. LOL! ECON101 interest rates go up and RE sells go down. Gee who woulda thunk it! I am shocked that market forces are taking over. SHOCKED!
    3
  33885.  @MichaelBordenaro  I understand it's hard to adjust to reality. It's hard to accept the fact that a month ago, you could've sold that house for $210,000 and made a bundle of money with basically no effort. It's the American Dream! But I do see sellers trying to offload properties now because they sense that a month or two from now, it'll be much more difficult and three months on, next to impossible just to break even. I actually don't rant at parties. I'm one of those people who become unbearably wonderful after I've had a few.
    3
  33886. Merry Christmas to you, too. Take a day off!
    3
  33887. Happy Holidays everyone 🎄🥂
    3
  33888. My neighbor just bought their house and got a 5.9% fha loan. They wanted $2,000 a month for rent and for $2,100 he got a house. He figures when interest drops again he will refinance at a lower rate. When you rent that’s forever making payments that go up every year.
    3
  33889. You're not the only one saying it! The MSM Lie by Omission, the talking heads will lie for money, spreading fear at times or mis-information at others, disinformation, old news, whatever you want to call it. Society is being "gaslit" consistently!
    3
  33890. the flowers are not the only "beautiful " things you see, im sure you see gorgeous women too and very handsome men(to me) in shape. 😄🤩
    3
  33891. you would think high prices would cause new construction, single family as well as rental multistories. maybe zoning and red tape is the problem
    3
  33892. Excellent video Michael, it was nice meeting you today at the pier my friend. Keep it up!!
    3
  33893. I feel your pain on housing, as you already know. My realtor won’t even make an offer unless I have all cash. They won’t accept an offer down there unless it’s all cash and probably well above the list price. Looks like Florida is no longer an option for me at least.
    3
  33894. The smaller carriers will benefit from this.
    3
  33895. That white sand is called "calcite" sand. If you pick up a handful and examine it closely, you will see that it is composed of teeny tiny skeletons. There was a lot of wave action today in your video, but when the water is calm, the water over the white sand is a beautiful, Caribbean blue. I love that entire stretch of Florida, except when there are hurricanes. They are ferocious at that spot. I have always wondered at the insurance companies that insure those $500+ houses that are guaranteed to be blown down soon. And what about the banks that finance the construction? What are they thinking?
    3
  33896. Always wanted to ask - why no videos of Ft Lauderdale ?
    3
  33897. Would you make another video considering that one big factor was ignored here! For rent you have no expense you just start monthly rent . For buying a house for small 1 bedroom with only %3 down you have to pay 20,000 to down payment, closing cost and other things even before you start any monthly payment ! These are not equal ! You can not just compare the monthly payment!
    3
  33898. Mike i really appreciate you sharing your life experiences in Florida. I am about to move to Florida to start a new life in West Melbourne Florida!
    3
  33899. We are creators. Follow your bliss the rest will follow is another truth.
    3
  33900. It would be refreshing and inspiring to see you plant the good seed into it all. Again balance is key. You have a magnetic presence in your videos so it already shows Mixhael. Hope you and your wife had a great Thanksgiving.
    3
  33901. The real reason the Federal Reserve raised interest rates was to inject liquidity into failing banks with out going to the taxpayers directly. $114 billion that the Federal Reserve lost was transferred to these banks to keep the smoke and mirrors show going. But the fat cat bankers will steal this money too through manipulation! It’s coming to a showdown !
    3
  33902. I'm a home seller that has had my house on the market almost 4 months with over 15 showings, looks like I'm SOL. Crazy thing is I lost 70K in 2008 and was hoping to recoup some of the money I lost.
    3
  33903. Palm Coast Please
    3
  33904. Good content
    3
  33905. The adventurer mall is excellent, Ck it out!😊
    3
  33906. It’s time to pay the piper Michael
    3
  33907. Thank you so much for your personal home purchase info! I really had no idea things were that expensive in Miami. Very informative!
    3
  33908. in calif during the 80's sellers would also offer owner financing at much lower rates than banks but the downside was it usually wasn't for 30 years. Some were 5 yrs or 10 yrs but they almost always had a balloon payment that came due. I've seen a few listings lately that offer private owner financing
    3
  33909. Sweet Camaro bro. Red is my favorite color for an F body. I had a 95 red Formula LT1 which I sold about 5 years ago and I have not stopped regretting it since. Now I have a 2000 also red Z28 and I'm holding onto this one. Hopefully you don't sell yours.
    3
  33910. Yeah I know what you mean bro. For awhile my LT1 was my daily driver so at times I hated it too lol. Once I got my second vehicle like you said it made it easier to hold on to. Good to hear you still have your Camaro though it's definitely one of my favorites for sure. Take care bro.
    3
  33911. Broke is an under statement.
    3
  33912. It’s emergency!! Everyone is Broke, they wouldn’t be getting it out if they wouldn’t need it. 🙏🏻🙏🏻🙏🏻🇺🇸🇺🇸🇺🇸🇺🇸
    3
  33913. Hey Michael, Love Anna Marie Island!!! Just came back from the Gulf Coast & I really miss the experience of going to the beach on a late afternoon & going swimming & watching the beautiful sunsets..... I love how everyone comes out for the experience of the sun going down... such a tranquil celebration every night!!!
    3
  33914. Mike.....im a retired third generation insurance professiona'l.......if your state has them go with a preferred company not a sub standard such as progressive, ....google preferrred and sub stanfdard companies...
    3
  33915. Interesting... Thanks
    3
  33916. So glad you got to visit Destin snd see the beauty of this area. One of my favorite areas of Florida! Nice people snd a beautiful area. There is always Ft. Walton and Pensacola! Feel free to please post the other video you are saying you might not want to show us, if you want to edit it. We want to see everything are heading your opinion on it. 😊
    3
  33917. Do you have a link to the luxury condo tour video?
    3
  33918. Now I see why I see so many people play the lotto so heavy and gamble hard. Things like the layoff will scare anyone.
    3
  33919. I don't have to tell you what you already know and hear, the biggest "problem" with Florida is everyone that moves there with the same "why doesn't Florida have X like we had in X" mentality! From food to services to transportation every transplant goes down with the same crappy attitude that instead of them changing, Florida should change for them! I mean, we have Google it should no longer be that big of a surprise to know that Summers there get hot!
    3
  33920. Very cool! That is a huge yard and nice looking place that you’ll be staying at. I love St. Augustine! Have you been to the Ice Plant Bar? Great food and cocktails there.
    3
  33921. Love hanging out and watching your videos.
    3
  33922. 3.5% unemployment and home sales at an all-time low... what is wrong with this picture.
    3
  33923. I'm not a hater unless I need to be but I ordered a bicycle that I can't get anywhere else from Amazon Prime a electric bike I could not find anywhere else and get it sooner but I did not sign up for Amazon Prime it signed me up automatically. Which might be a good thing this time because it would cost so much to get that delivered it's ridiculous or would it? Since it was $1,550? I don't know. I will use it for a month Prime TV I'm giving up TV I Got YouTube TV in that was such a ripoff to raise my bill from $50 to 65 the first month I had it only so I could get PBS which is b***** and it sucks cuz PBS is supposed to be free! There's something I can pitch about
    3
  33924.  @MichaelBordenaro  yes and I will opt out as soon as possible and if I want it back I can get it back if I ship something big
    3
  33925.  @MichaelBordenaro  well I got shut out of prime and I think it's from my AVG VPN I want to check on the status and it said there was suspicious activity I also got shut out of match and I don't even think the computer text figured it out at Prime but I got my money back. I'm sitting there watching Prime TV and it went off. Some really weird things that happened but I've been on the computer for a long time and I know it was the VPN cuz it says you're somewhere else and then you somewhere else and it keeps changing your IP address. But it also helps you be able to buy things cheaper and I got something u t z y yeah and for way cheaper and no shipping. And it will be shipped from Jersey tomorrow. It was not the last bikes they have another batch coming. I've heard of people waiting months well I have one leg and I can't wait months.
    3
  33926.  @MichaelBordenaro  I appreciate your reply! I plan to auto-ship my car there with me. Would you say it's easy to park the car where it has access to beaches or/and the downtown area? It's going to be my first time living in a US big city... so I have some questions hahaha
    3
  33927.  @MichaelBordenaro  Thank you! I'll definitely consider using this service:)
    3
  33928. Phoenix is doomed
    3
  33929. Mike the only reason fuel prices are down is because of the release of Oil reserves, which are now at a 40 year low.
    3
  33930. Nice to see you with dad😊
    3
  33931. Michael Bordenaro awesome. Would love to see it.
    3
  33932. Michael Bordenaro I meant I’d love to the other video. 😄
    3
  33933. A beach day is always good! This was well done.. thanks
    3
  33934. If only South Florida got the memo..lol
    3
  33935. Thanks.
    3
  33936. Joe Bi-Dense will make it better. Bidense-Harris 24. It's a no brainer.
    3
  33937. The price went up 40% in two years, but might come down 20%. Is that a crash or a correction?
    3
  33938. great video!
    3
  33939. The Feds have been way , way behind the curve . We should be at 3% fed funds rate yesterday. I have been in the mortgage banking field 38 years and recently retired. The crisis in 2008 was driven by Wall St securities clamoring for more paper . Thus they began offering no income verification no asset verification , etc to the average person . Even in the non conforming lending days ( way before the Alt A ) income was verified even though higher debt ratios were allowed they were off set with verified down payments and interest rates . The creation of FNMA and FREDDIE automated underwriting systems actually contributing to the emergence of stupid lending expansion in the Non Conforming and AlT A lending buy expanding from there 28/36 ratio underwriting. This time it’s mostly on the Realtor and Consumer (yes the fed as well ) . Recently a home in my neighborhood listed for $599k ( assessed $350) . The $599 was silly as it is but reflective of the market idiocy. It sold for $650k , some nitwit actually paid $50k more to buy a home that is most likely $475-525k realistically. Not waterfront and no special amenities like a pool with waterfalls . The realtors will tell you to offer what you can afford not what it’s worth , don’t fall for it. Of course they get paid on the larger sale . Now this home becomes a comp and so on. People stop being stupid and way , way overpaying and rent or don’t sell . If you bought years ago and are way up , to sell and buy you will be way overpaying . When it hopefully corrects again your current home might be worth less but not less than you paid for it . The new home will be worth less if there is a correction. Like they say can’t fix stupid.
    3
  33940. Hey Michael, love your videos and how you keep everything real. Would love to move to Florida and just did a Air B&B in Sarasota Florida for a week last month. Love Siesta Key Beach and a little place called Shell Beach. Seriously considering moving to Florida because of boating. Would love some of your input. Thanks.
    3
  33941. Didn't know any of that! I am wondering why there is such a preservation of crocodiles and alligators. It seems lake life is a 'take your chances' type of a thing.
    3
  33942. Loved the guitar playing 👍👍
    3
  33943.  @MichaelBordenaro  great thanks for the feed back.
    3
  33944. The time stamp list is helpful.
    3
  33945. It almost looks like investors don't watch the market or seem to think their property won't be affected but as an investor when you see the beginning of the market begins to slow you sell and move on and it's the same with BNB that type of investment is risky like these people are finding out the market was flooded with people thinking it's a quick buck but didn't take into account they needed to do research on this type of investment and all these million dollar homes are going to take a serious hit
    3
  33946. Do what you have to, to get out of debt !
    3
  33947. It’s Ringo Starr chillin at the beach! (I’m dating myself with that comparison, I know)
    3
  33948. This was another interesting and informative video. But I think you had the right idea a few months ago when you were looking for a house in St. Augustine or where ever.
    3
  33949. Allow me to expand on my comment above. I own a single-family home and have for a very long time. I know everything about the house. The date of the last roof replacement, the age of appliances, the age of the furnace & A/C ,etc, etc. When maintenance is needed I get it done. High rise condo living makes me nervous. You have to put a lot of trust and faith in the people who are responsible for maintaining the property. Hopefully you will have people who will tell you the truth and tell you what the special assessment will be. Or you could have people that will not tell you the bad news and hope no big problems arise.
    3
  33950. i think they just OVER INFLATED there value and now time is up !!! trump is one business in millions that did this.
    3
  33951. How about the villages? Is it better to rent or buy? Thanks, Mike. Great info on Florida. Please do a video on the villages.
    3
  33952. A complication with self insuring or NOT buying homeowner's insurance: If you are a high/highish net worth individual, you arguably need liability insurance in some form. As far as I know (ask an insurance expert), umbrella policies also known as "excess liability insurance" generally require a given amount of homeowners insurance (maybe $300,000 depending on the policy?) and "insure over" your homeowner's and auto liability policies. It might be possible to find an umbrella that works differently. If so, it's likely more expensive than say, $300 per $1,000,000 of umbrella coverage.
    3
  33953. I am really enjoying your videos, Michael. You're teaching me so much about living in Florida. I'm thinking about leaving Massachusetts and heading down south. Looks amazing!
    3
  33954. This is what I love about being in Miami Beach! Walking the neighborhood, quick chats with strangers, everybody in chill mode...you should've asked the honeys on the beach for their YouTube channels too lol...on a serious note, I love this content bro, your page is awesome
    3
  33955. What about the ones that cost like 500-700 dollars per month (not necessarily right on the beach but close)
    3
  33956. Another great video! Safe travels to you and your wife (:
    3
  33957. Rent is cheaper in Florida than in nyc. That’s why I want to move there. I’ve been to Florida 11 times and traveled around the state. It’s fun and exciting, just expect low wage jobs. You just have to figure what will pay the bills, other than that it’s always fun.
    3
  33958.  @MichaelBordenaro  Try Laguna Beach, next to Newport.....much more character and lovely little sandy coves.
    3
  33959. You are talking about unrealized home equity which only matters if someone sells. People are not selling and their home equities will decline precipitously in the very near future
    3
  33960. 7:36: Best advice you've given yet...
    3
  33961. I love the water background and the beautiful beach.
    3
  33962. @tony tony. Maybe they got married no?🤷
    3
  33963.  @danacaro-herman3530  ...They recently did a video on why they don't think marriage is right for them. The plot thickens.
    3
  33964. "Social Security will always exist. The question is 'what will it buy'"? Alan Greenspan Federal Reserve Chairman (1987-2006)
    3
  33965. By the way, we have no interest in being landlords. We just want a larger home for our daughter and family.
    3
  33966. 💯
    3
  33967.  @MichaelBordenaro  no it just keeps freezing for no reason
    3
  33968. Homebuyers who bought their house at the high between May and June 2022 are underwater now. Short sell and Foreclosure is next.
    3
  33969. The answer is nope
    3
  33970. The answer: Anytime after the virus lol. Seriously tho, good info. I agree with the summer for all the spot on reasons you mentioned. Also, it's kind of like a baptism by fire regarding getting used to the heat, so as summer ends and it cools into our beautiful winter you will appreciate it that much more. Those are some nice buildings and views down there, love Miami Beach.
    3
  33971. Great video , thank you 🙏
    3
  33972. I believe you are talking about the Carlton Terrace Condominium, but the 80% rule I think is a FL rule and I think there was some talk to raise it. It is actually a large property, and I think existing owners did well
    3
  33973. Do you see 50% off in the next 2-3 years?
    3
  33974. Thanks for your videos mike. What do you see for this coming year in Miami ? Price decrease ? Price stay the same ?
    3
  33975.  @MichaelBordenaro  I ALWAYS enjoy your efforts, Michael! Glad you and Lisi are having a great trip! :-)
    3
  33976. Yo Mike I'm from la while your here out west checkout my favorite spots glamis sand dunes, oceano sand dunes, Joshua tree, Anza borrego desert, malibu canyon and beach, Angelus crest, white water preserve, death valley, San Joaquin hills in Newport, big bear, Lake Havasu/Havasu falls, and any of the San Diego beaches
    3
  33977.  @MichaelBordenaro  then definitely hit up oceano sand dunes it's a lil Northwest of santa Barbara it's at Pismo beach I recommend renting a dune buggy or quad at the off-road rental place their you'll see it the dunes are very deep and big
    3
  33978. Hard topic,soft atmosphere with beautiful scenery...,great job!
    3
  33979. I sure do miss home. Ft. Walton/ Destin is the best. But, my job may me moving my family back to FL. Clearwater specifically. I’m crossing my fingers as we sure do miss FL.
    3
  33980. So are you saying that the landlord was supposed to pay the water bill although the tenants are NOT paying the rent? I don’t agree. People need to pay their rent!
    3
  33981. I haven't commented in quite some time, but I'm loving the content from you still. Happy to see all of the real estate perspectives.
    3
  33982. I have to agree with Michael, been to St. Aug., St. Cloud, driven up turnpike to Orlando and there's an abundance of signs advertising new developments 😫
    3
  33983. thank you Michael for sharing your lovely wife with us, I was wondering if she was going on the trip. Let her know we your followers love your videos.
    3
  33984. 6% is not bad. Prices are just too dam high...🤣
    3
  33985. 😂😂😂😂 Gold plated floor😂😂😂😂
    3
  33986. Omg 😱. Here in NY we are full of snow ❄️, I haven’t seen the ☀️ in 3 days 😥
    3
  33987. Great video man
    3
  33988. Also I'm not sure if I should rent a a car or just take ubers, I mean the Zoo it's pretty far so I thought it would be more convenient to have our own car, however I'm a bit affraid since I have read that the traffic in Miami is horrible and there are some very aggressive drivers.
    3
  33989. They call Whitefish, Montana "Little California".
    3
  33990. You're awesome Brotha man. I feel like I'm being spoken to personally in this video haha But it'd be the same way with me, I'm from Arizona but living in Salt Lake and when I make that move im gonna be leaving all my family in AZ. Couldn't have came across your channel in more perfect timing though. Thank you Sir!! 🤝👍😁😁
    3
  33991. Wow, lovely car...i also have a red convertible. 😁
    3
  33992.  @MichaelBordenaro  i get it!!! Mine is a 2011 128I. NO trouble yet. Im taking it with me when I move to FL. Spring 2022.
    3
  33993. You need to do a video with Ben Mallah… I’m sure I’m not the first to say this
    3
  33994. How long will it last? My wife and i will be moving down there in about a year. Cant wait to do some saltwater fishing
    3
  33995. Thank you
    3
  33996. This administration has known the economy has been bad for years now. They are hoping to stretch it to the next administration (Trump perhaps) so, they can immediately say we are in a recession and blame it on Trump!
    3
  33997. Sweet walk.❤
    3
  33998. basically if you have a home... that's a great find good place etc guard it with your life. if you guys haven't noticed they don't build enough housing. there's more competition for houses than ever before between foreigners, institutional investors, what have you.
    3
  33999. A few years ago I lived right by you, 68 Street in Collins :) At The Sterling. I loved it !!!
    3
  34000. Bill Clinton quietly rescinded GLASS STEAGALL-while the corporate media was reporting on Monica's blue dress.
    3
  34001. damn leaf blower guy didn't take his restraining order seriously
    3
  34002. Well done on 300k been watching since 80k
    3
  34003. True. Overflowing garbage cans etc. Crazy
    3
  34004. Much appreciate it, Michael
    3
  34005. Good morning thank you for this wonderful video. I was in Florida and stayed in Dania Beach ⛱..loved it. I got a chance to visit the beach as well and you are correct it a very beautiful and serene beach. The water was lovely, parking was a breeze. Just wished I knew about the pier because I would have surely gone. Have a wonderful day my friend 😊 ❤ and I will be back soon.
    3
  34006. Mike you are so on the money Thank You
    3
  34007.  @MichaelBordenaro  Tomorrow I duel with the mechanics .....again!
    3
  34008. Is there any way you could play the Miami vice theme song at the beginning. You just remind me of one of the characters on that show.....or at the very least pull up in a exotic car.
    3
  34009. How many Americans have 1000000+ to spend on a house? We must be hitting that threshold now.
    3
  34010. I'm in Morris, il trying to get out man. I really love st augustine and hope to move there as soon as possible
    3
  34011. take a low paying job, lose freebies from socialist programs.
    3
  34012. I know you have probably spoken at length in the past about why insurance costs have gotten so high in Florida, I'd be interested to hear you talk more about the causes in the future. I know there were companies there going house to house convincing owners to make a claim against their insurance for a new roof and even supporting them in filing lawsuits. I know hurricane damage is a factor. But there have always been hurricanes so I discount that as a reason. Inflation drives up cost of building. Is that the greatest factor? Seems like inflation is what is squeezing us from every direction but often hidden.
    3
  34013. I’m still looking in Gulf Breeze in the Panhandle. Prices doubled after school started! Realtor says inventory is low. I see so many houses I can’t imagine there could be more on the market but regular $400,000 houses are $800,000 and so on. Worse in Santa Rosa—1600 square feet regular ugly house on small lot with vinyl flooring $1.2! What to do?
    3
  34014. I had three of these problems on my second home, didn't learn from the first one
    3
  34015. Florida will become the next Calif... rents and housing will become unaffordable..not to mention the massive building going on... major density like areas of Calif
    3
  34016. It'll take at least 6 months to just get plans and a permit for a fort Myers home. Sorry Miami and Tampa half our contractors have probably left for ft Myers for 2 solid years. Michael you're a straight shooting realtor, I was one for 10+ years. They all say it's the best time to buy... and sell
    3
  34017. I love all your videos no matter how long. I would like to see street fairs , seeing more eateries, things to do in Miami, exc.
    3
  34018. Nice video--thanks for sharing. Is the trip worth the total cost in your estimation? It's $8 to get onto Honeymoon Island and then $16 for the ferry ride combined with another $2 once you get to Caladesi Island.
    3
  34019. I had over one Bitcoin. I sold it. I really think this government will not allow us to have it. Am I wrong?
    3
  34020. I don't eat their engineered food
    3
  34021. Yeah the stop lights are stupid. I see this in Tampa. And no one knows how to drive in Florida
    3
  34022. I can't wait to see videos from L.A thanks for all
    3
  34023. there he is.
    3
  34024. Remember the lyrics to that 70s song they completely made disappear? "I don't care if your legs start aching...........I'm a California maaaan!"
    3
  34025. Almost first
    3
  34026. Son… we’re in our 60’s and we WERE looking to buy a house here south of Tampa but not anymore! We did qualify for 375k now it’s down to below 300k. We are putting off even looking now. Maybe in a year???
    3
  34027. West Palm Beach has hills
    3
  34028. Spain owned it then Britain so they tend to fly Spanish and British flags at historic locations for the tourists
    3
  34029. Port Orange and Ormond are places I’ve looked for work at. Glad to hear you’ll check it out
    3
  34030.  @MichaelBordenaro  The Florida Army National Guard headquarters today is inside of the 250 year old former British military barracks that are 1 mile south of Castillo de San Marcos
    3
  34031. So beautiful and peaceful! Thanks for sharing :)
    3
  34032. You get your exercise in while you work!
    3
  34033. Not available in EU.
    3
  34034. Every time I watch one of these videos, I'm more certain about moving to Miami Beach, these are great! My only concern is the income requirement, here in AZ they can require anywhere from 2.5X to 4X the monthly rent and that makes a big difference. It's like if I can "afford" the rent they might not think so if my income isn't high enough
    3
  34035.  @MichaelBordenaro  Looking forward to it!
    3
  34036. Worse place to move to, traffic, building 24-7, over populated, destruction of all the forest, strip malls and gas station going up left and right. Place will look like Jacksonville in 2 years!
    3
  34037. Thank you for keeping it REAL.
    3
  34038. I love when you do your videos outdoors. Keep up the good work Mr Florida.
    3
  34039. Anytime man, and forsure will do!
    3
  34040. In Florida yes insurance rates and condo association fees are going to soar. This will not be the case in all markets outside of Florida.
    3
  34041. 30 years will be at 10% 2023
    3
  34042. Sell Mortimor!!!😊 Sell!!🎉🎉🎉
    3
  34043. Being a California landlord is scary. You have no rights to Your own property
    3
  34044. How did you get status?
    3
  34045. St. Petersburg has a lot of issues with crime. So many shootings 😢
    3
  34046. I just found your channel by typing and searching "feeling left behind in life " because I feel like a failure. My dad believes I don't amount to anything. It just hurts so much. Thanks for sharing.
    3
  34047.  @MichaelBordenaro  thank you so much for the encouragement. I really appreciate it.
    3
  34048. Stay safe! I'm concerned when it goes back into the Gulf and up toward the Panhandle.
    3
  34049. Michael Bordenaro yeah I got you
    3
  34050. Your video was recommended to me today for the first time. I have been watching Florida related videos for a couple months now and you just came into my que. Hope this info helps you a bit.
    3
  34051.  @MichaelBordenaro  For what it is worth I think it is the best way too, as it is targeting people who are watching similar videos so we are already interested in the topic hand. Your videos are very helpful, glad they were recommended to me!
    3
  34052. Higher house prices with a 17% increase in sales? That sound strange. If homes increase in value , the owner just gets bragging rights that his home is worth a lot, but does no good for the owner as he will less likely sell it. Just speaking in general logic here, but is there something deeper I am missing? I mean if a store increased the price of a product I would stop buying it. Wondering what is going on here. Could it be perhaps the people are getting free money to purchase these homes? Market bubbles like using the COVID-19 as the rich get richer, which in turn allows them to buy real estate at those high prices?
    3
  34053. caution caution caution. house insurance will go to the moon or not even be available in Florida after this last hurricane. ... the insurance companies do not have enough money to pay for this last storm.. PERIOD..... this storm has bankrupt them all
    3
  34054. 😲
    3
  34055. Housing market collapse + 0 down loans = MWAHAHAHA!!!
    3
  34056. Dual Rectifier and an LTD. Sweet!
    3
  34057. I worried about snakes Ugh!
    3
  34058. cant you get ins for that ?before you buy
    3
  34059. For the algorithm. Loopholes, who would of thought it.
    3
  34060. What about the corps? They don't get mortgages
    3
  34061. That's a nice little list of work-based categorization of people. Sounds like they're having trouble replacing them w robots made in China! : D
    3
  34062. Interest rates are not high in historical terms. If the economy takes a complete dump? The Fed will come down some, but the Fed funds rate won’t go back to zero more than likely.
    3
  34063. Can’t wait for the crash
    3
  34064. Only Congress can raise the $250000, Treasury nor the Fed has a say in that
    3
  34065. how much for the house next door?
    3
  34066. Hi sir, just to open YouTube and see one of your videos make me smile...love the information and Im so excited about my upcoming move.. keep up the good work!
    3
  34067. Is it cape corral or Cape Coral?
    3
  34068. Bravo. Finally talking about the need to have precious metals - gold and silver - to hedge against the collapsing dollar. It's not too late either. If you have extra dollars, begin to dollar cost average into precious metals would be my advice.
    3
  34069. Regarding the equity in people's homes and how it relates to their willingness to sell....as an agent, before making an offer, I always do the research to get a good idea of what people owe on their mortgage in order to gauge how open they could be to accepting an offer. It may not matter much in the market that we just went through, but in normal times, I firmly believe that it's a good practice.
    3
  34070. MSNBC won’t tell you about Biden recession and astronomical job losses
    3
  34071. Airbnb is always a better value w more privacy.
    3
  34072. Hello, this is Yash Kumthekar, I am from India, I will complete my Bachelor's in Architecture this June. I have a British passport. I want to become a real estate agent in Florida and soon one day start my business. Please can you guide me on what all I can do as I don't have US citizenship but have a British citizenship. Plus is it possible coming from India to be a real estate agent in Florida
    3
  34073.  @MichaelBordenaro  thank you sir, do you have an email address to which I can respond. I would like to ask a few more questions
    3
  34074. Thanks!!!
    3
  34075. nice video :)
    3
  34076. Wow I can actually see your eyes! Don’t know how to act right now.
    3
  34077. Michael where in miami they are lowering the price?
    3
  34078.  @MichaelBordenaro  Hey man Florida is home, no place my wife and I would rather be. It's like being on vacation year round.
    3
  34079. Great content! 🇺🇸
    3
  34080. Oh Crap - the sky is not falling! What the hell happened? Michael, we're good, our children are good, our friends are good; most everyone we know is doing extremely well. Of course most of us have been though the Republican vote buying housing crises multiple times (S&L, Regan's Southern California military sell out, Dot com bust, GFC, etc) let just say we avoid getting extended over our skis and take our risks after the bubble bursts not before. More importantly, we all self made and we all understand the term "family dysfunction" as long as people listen charlatan's selling snake oil or their boomer parents who on average are happy to vote to put their own children in debt. People need to think themselves and not play "keep up with the jones" as financial mistakes add up. When people voted for a $250 tax refund in 2016, then they wonder why their bills go through the roof, might have to do with the transfer of 300 billion a year in taxes from the wealthy to the middle class. Far too many people walk around with a shirt that say "Hit me now! I wont know it for 3 years." because they listen to pundits funded by deep red state pockets.
    3
  34081. 200k is about my house limit. Looks like I will have to leave the State to buy a home.
    3
  34082. I have a request brother. If u could get some drone shots of the area's of Florida u visit.
    3
  34083. It’s a NO for me regarding BnBs. Too sketchy. Owners may not be as truthful as the should be. Staying in hotels I know exactly what to expect and where it’s located. If something is amiss, I have recourse. If somethings not just right once I get to the room, it’s a simple call to reception to get it corrected. 🤨
    3
  34084. The EV's were pushed out to the Pubic to soon and they are expensive. As Michael stated the EV's need to be more affordable, have a quicker charge up time, be available to go longer distances before charging, and be able to operate in all climates. As for myself, my next car will be a Hybrid.
    3
  34085. First?
    3
  34086. I've been all over the globe and I couldn't imagine living anywhere else. The Oregon Coast is my favorite camping spot but how can you beat the Keys. Let's face it especially in 2021 Florida rocks. 🌴😎✌
    3
  34087.  @MichaelBordenaro  Sometimes the grass isn't necessarily greener on the other side. ✌
    3
  34088.  @MichaelBordenaro  I’ve given up looking for jobs paying the same wage I got in California so it looks like $16-18 is the best hourly wage rate until I get a post graduate degree which won’t be for awhile so my idea of dirt cheap is like for anyone earning less than 40K a year buying a house on the coast. There’s a lot of 100K jobs on the Space Coast a retired Air Force loadmaster qualifies for at NASA but I was Army infantry so my 10 years in the military didn’t help with employment. I should have just stuck it out for a 20 year retirement
    3
  34089. My lot rent is now 760 a month for a single wide lot. Started at 540 5 years ago. The taxes they charge are crazy.
    3
  34090. Thanks for sharing Michael 🤙🏻 Very informative!
    3
  34091. Man that trash is uncalled for but nothing like SF. I work at a mechanic shop and it’s a circus outside. Also how much are those empanadas at that cafe? When I’m in Little Havana they are a good price. In SF/ Bay Area those empanadas are $12 for two :(
    3
  34092. Matter fact I was just down there a couple weeks ago staying at the Thunderbird I had been going to the Thunderbird since I've been a kid for the last 60 years and sorry to see that go they knocked down April 15th 2023. It had one of the few places to have the in intimacy with the beach and the pool I really don't like a lot of the changes! But I really enjoyed the video and seeing the old neighborhood
    3
  34093. The rate cut has to be more than 2.5% less than what you have. If 7% this mean 4.5% rate is needed. 😮 👀 👀 👀.
    3
  34094. Michael, can you do a vid or portion of vid about new home building costs. I own 10 acres in Okeechobee and have been wanting to build since 2019 and the building material costs have just outstripped our savings.
    3
  34095. i don't get it if real estate agents . In most areas, receives 2.5%–3% in commission, if they sell even just 1 house @ $400,000 a month. that would net the $12,000. (pre tax) so you're telling me that even real estates agents that have been making a killing in 2020 -2021... are struggling now? when they were making bank for 2 years straight pushing million dollar properties? i mea if an agent sold a 1 million dollar house they take home around $30,000.00... you guys honestly tell me you can't make it? even the sh-ttiest real estate agent average 4 to 5 homes a year... so on the low $60,000 ayear or $150,000.00 a year
    3
  34096. And I just read that Texans are getting sticker shock on their property tax reassessments.
    3
  34097. Remember when trying to predict whatever The Fed will do next that there have been no economic fundamentals since probably 2007. Remember the old adage, "The Fed can remain irrational longer than you can remain solvent."
    3
  34098. My condo is upside down, we paid $600,000 10 years ago, now we are selling it for $120,000 😢
    3
  34099. Thanks Mich!
    3
  34100. Bread lines in the Great Depression of the 1930s. Now we have EBT cards, and hopefully food banks that will be stocked.
    3
  34101. Everything looks completely different. I can’t wait to go back. I’m so excited.
    3
  34102. Thank you for sharing.
    3
  34103. Your personal life is called your ESG score. Look it up.
    3
  34104. Can I buy it and modify it
    3
  34105. Thanks again to both of you for this very interesting review. You can’t beat a boat trip. I was also in the Cubs and Scouts happy days Richard. Best Regards to both of you.
    3
  34106. Thanks Peter!😉
    3
  34107. Talking about parking, what a disgusting habit from people in Miami to park on the grass. Particularly when they think its OK to park on somebody else property, then, they say is Public property, yes it is and it is public property in any city in the US, but you are not allowed to do so. Public, does not mean is your property to park your car on or you have the right to do so. Park on your own property and not on others. Have some respect. It also make your property lose value when everybody is park on the grass.
    3
  34108. Not that I should backseat like this, but I think if you lead with 'wanna talk about it?' Rather than 'you okay with being on camera?' You will get better results.
    3
  34109. If people are stopping to purchasing that means prices and inflation will drop, not pre-Pandemic but will drop. So FED plan is working. We should seriously an interest drop this year
    3
  34110.  @MichaelBordenaro  haha
    3
  34111.  @MichaelBordenaro  is it true that they are everywhere in FL waters?
    3
  34112. Michael - I really enjoy your take on things. You are spot on as to how this mess was created. Totally agree. only thoughts I have to fix it: limit foreign investment, require 25 percent down or, frankly, even more. There is no doubt in my mind that "investors" are just holding cheap mortgages and levering up. It had worked for them so far because rates have been declining for 10 years in a row. Now that rates are finally rising, look at how things are reversing. Rates should never have been allowed to decline for as long as they have. But that is the easy way out for politicians. Interested to see how long rates will stay high in the years to come.
    3
  34113. I'm really enjoying your videos. Not sure if you have made a video about this or not, but can you make a video showing and comparing different rental properties in the Miami area. Like this is what $1500 gets you in South Miami vs what it gets you in Downtown vs what it gets you at the beach.... It would be interesting....
    3
  34114. Everytime u go thru the history of a particular home... Leads me to think FL has hit bubble peaks that will take a very long time ...maybe beyond our lifetime to exceed.. too many boomers in FL...only a few more years when net migration of retirees turn negative. In Japan only Tokyo exceeded bubble high... The country is still 30% below bubble peak in the 90s... Now japan is giving homes away Bec there r not enough buyers.. aging population
    3
  34115. It's tough down here with the wages. I'm extremely lucky I bought in 2012 when prices were low. If I hadn't, I'd be screwed right now. The ratio of wages to cost of housing is off kilter .
    3
  34116. I love colorful houses in Florida & smaller bungalow types are adorable. Only my opinion. Safe area is very important! Only my opinion but that new, trendy color of flooring is gross to me. Very over used in my area. Some people love it though. That's the beauty of decorating. Make it like you want. (House in port Charlotte with converted garage).
    3
  34117. Another thing is. I think the fed is waiting to see what's going to happen after the midterm elections. If the Republicans retake everything I'd be willing to bet Powell pulls the rug to make them look like it was their fault
    3
  34118. Thank you 😊Love your videos Mike 😊😊
    3
  34119. I do wonder how young people will be able to get a mortgage for a home, when they are ready to buy. Better save as much as they can!
    3
  34120. Thank you for sharing, this is most definitely something that we would not have seen otherwise. If America is so horrible why are people literally risking their lives to get here? My prayer is that as a country we would return to the Lord Jesus Christ and be restored! I also believe that this is the best place in the world to live, and I pray that the Lord will keep it that way. Thank you as always Michael! 2 Chronicles 7:14 If My people, who are called by My name, shall humble themselves, pray, seek, crave, and require of necessity My face and turn from their wicked ways, then will I hear from heaven, forgive their sin, and heal their land. ——————————————————— Please forgive my ignorance, why would they leave it sitting on the beach? (what is your theory).
    3
  34121. What I don't understand is how anyone can deny home prices is coming down will continue...it's called math!!!
    3
  34122. Awesome
    3
  34123. This is an excellent video. The information in your videos is more valuable than you know. In order to collect this kind of information on your own would be nearly impossible if you were to simply visit Florida on vacation, or even go just to gather information for a posible purchase. You would need to live there and know the area as one who actually lives there.
    3
  34124. I'm from Illinois too. I lived in the Chicago suburbs as well as Rockford, Illinois. Small world. I moved to Miami Beach and Fort Lauderdale until the economy crash in 2008 I moved back to Illinois. I decided to try California in 2016 and moved out here for a job. Big mistake it's too expensive here to live. Most people can't afford to live here. Now I'm trying to decide where to move now. Maybe Florida. Thanks for all you do man, I really appreciate your videos.
    3
  34125.  @MichaelBordenaro  Thanks man, I appreciate that. I'm heading to Illinois for a few weeks first.
    3
  34126. Did you experience any medical apartheid? Or were there places that were vaxx only?
    3
  34127.  @MichaelBordenaro  oh, thank you!
    3
  34128. Michael that condominium you just passed being built, how about calling and asking what the price of the apartments will be for purchase.
    3
  34129. ❤❤.
    3
  34130. Geico is doing the same.
    3
  34131. I'm having withdrawal symptoms Michael. I need new videos. LOL
    3
  34132. Blockbuster video, Michael. Thanks for keeping us in the know! I feel that Florida is a ticking time bomb with all the climate stuff right at its door. While it is sunny and beautiful, things can change on a dime since it is really just a big peninsula surrounded by water, and in a hurricane zone.
    3
  34133. What did these houses sell for five years ago, I wonder. Also a lot of elderly people can't work, can not physically do it because of their age and strength and/or physical limitations. It's just the reality of old age. The ability to go to a job decreases tremendously once you get older, especially 70 like the woman you mentioned. Retirement is not a choice for many, it is what they have to do.
    3
  34134.  @MichaelBordenaro  I do wonder if prices could ever get back to 5 yrs. ago. It's kind of the genetics I think with the health and if you can stay fit. Wish you the best of health!
    3
  34135. We spent two months and a half on our trip.🚙😉😎
    3
  34136. For an insomniac like me, those crashing waves would lull me to sleep every night..sounds like the heat in Miami is miserable cause 81 degrees for me is hot!
    3
  34137. Oh! only a Million Eight?
    3
  34138. I don’t even know you, best ever move you ever did . You might loose at first ,you may go up a lot. But over the years you will never loose. Congratulations.🥂
    3
  34139. Smash that like button! 🤙🏾
    3
  34140. I'd love to see the implosion cuz it'll make me forget about my imploding life for a few minutes.
    3
  34141.  @MichaelBordenaro  haha yea! miss the beaches in miami
    3
  34142. They may have checked Income, but not all liabilities. The big one is Student Loans.
    3
  34143.  @MichaelBordenaro  I have my mom’s friend in Spring Hill Florida but I don’t like the red tide so I will like to relocate southeast or Marathon m.I love the beach and quiet live things within walking distance.Thank you Michael and hope to meet you and Lizzy one day 🏖Have a great day 😊I ❤️Dolphins Research Center on Grassy Key
    3
  34144. Beach views are priceless in your videos. Great content Mike
    3
  34145. Michael, I like your videos and I think you "paint an honest pic of life here". Your neighbor Jim from Brickell
    3
  34146. Please don't let the door hit you on the way out.😁
    3
  34147. American West is offering 4.75 through Pulte, what's the catch?
    3
  34148. If remote work was possible for 2 years ... Is it not working anymore? I remember when working in the office, we had remote meetings although we where in the same building. As it was faster and more convenient 😄
    3
  34149. If you want an environmentally friendly vehicle get a horse and wagon more reliable than an ev and they work in freezing weather
    3
  34150. Good explanation and I agree with your opinion. Let’s get this recession going!
    3
  34151. Thank you again.
    3
  34152. Thanks. I see that bad weather was way north of you. I am glad that Florida is ok.
    3
  34153. That makes since. Although I wonder if things will change due to the power outages and such.
    3
  34154. What is good vibrant place to live, for a 23 year old? Been in NC all my life and want a change:/ I am thinking about Fort Lauderdale but idk
    3
  34155. Watching your walking/driving videos soothes my anxiety, must be all the beautiful sights and sounds! Thank you for sharing 🙋🏼‍♀️
    3
  34156. Thirty yeats ago I was staying at Turnberry Isle and drove by condos like like these facing the Bay. Big sign on the side of the building said "Condos starting at $33,000" .If I lived in Miami I wouldve picked one up.
    3
  34157. That truck is hysterical! Guess I thought that look went out 20 years ago, lol. I'm getting ready to do more mods on my Jeep, maybe should consider something like that 😂 Totally kidding. Great t-shirt btw. Also great vid! So cool to explore around FL's perimeter, thank you for taking us on the journey.
    3
  34158. You forgot fire ants
    3
  34159. What would be your pick in Florida, for a single Bahamian motherw/ 2 kids? Was thinking about moving.
    3
  34160. Hi from Australia as it is Monday here and waiting for the stock market to open here to see how My shares will do
    3
  34161. Michael can you dedicate 1 video talking about the importance of buying gold and silver to hedge against inflation. I'll prefer to buy 20,000 of gold then to put that down as a down payment of these overpriced homes.
    3
  34162. “When” we see the next down turn. Agreed 🤙
    3
  34163. WOWWW!! (MK). super informative gessh. lab apt hse tours nice !!!
    3
  34164. I heard a rumor that Michael sleeps in the Chicago Bears jersey every night go Bears
    3
  34165. the great resignation will soon be the great return to work as retirees can't afford to live on their retirement savings with this inflation
    3
  34166. I dont see the average mortage of 8.1 soon to be 8.6 to get any lower than 5.75-6.75 in 2024-2025.3 years of ultra low interest rates won't get you low interest rates in 2024 that is beyond foolish
    3
  34167. Looking forward to buying a home in Florida in the future, patiently saving money waiting for the right time to find that home in a good neighborhood, thanks for the advice.
    3
  34168.  @MichaelBordenaro  I’ll be down that way next month but we’re headed to Orlando!
    3
  34169. My mom lives in north ft myers. She bailed to orlando for the storm but her place got wrecked im sure.
    3
  34170. This was great! Now if you could do this for Jacksonville. 😉
    3
  34171. HAPPY BIRTHDAY MICHAEL LOVE YOUR VIDEOS
    3
  34172. The best thing to do, Save Money and pay your bills off , if you can or pay on them . Spend less Save More $$$
    3
  34173. First time I see you without sunglasses and not walking on Florida!🤸🏽‍♀️🤸🏻🤸🏽‍♀️🤸🏽‍♀️🤸🏽‍♀️🤸🏽‍♀️🤸🏽‍♀️
    3
  34174.  @MichaelBordenaro  completely agree with what you're saying, just seemed like you were talking about the waiting cash buyers at 4:40, guessing you were just referring to cash buyers in general by that point
    3
  34175. Happy Fourth of July!🇺🇸💥
    3
  34176. It's way better in Florida and there's more freedom. Once they legalize marijuana it will be perfect.
    3
  34177. The Fed jukes all those numbers. Shit they ask what people think they can rent their homes for. That is complete crap. How many homeowners actually know what their house rents for. I say bullcrap
    3
  34178. Look at all of the desperate immigrants coming to the USA. I wonder how they are going to survive here during our collapse.
    3
  34179. You are so sexy!
    3
  34180. How about the Fed doing the job is supposed to do instead of failing miserably at it and then charge us for the miss management or the design why should the people pay for fake money?
    3
  34181. Hey I’m seeing new builds in Palm Bay that are $350-400k, 3/2, and 2,000+ ft^2. It’s much cheaper than up north and gives me hope for affording a rental property :)
    3
  34182. Please make video about what towns in FL are safe to move in and what are not... Thanx
    3
  34183. Beautiful video, makes me want to head South to the beach now.
    3
  34184. Over the last month price reductions are up. By fall we'll see a lot more reductions.
    3
  34185. Michael, what do you think prices will do in key west and the other keys? Live web cams show those places empty. The MLS is piling up. Long term rentals are popping up daily, one resident said people are leaving in droves due to lack of tourist.
    3
  34186. omg this is so true !! I have been fighting a lot as well because it is so hard to get by. you feel angry just because someone else is eating and your not, etc..when there isn't enough food in the house and you very poor, tensions just rise. no matter how calm of a person you are.
    3
  34187. No deal is always better than a bad deal. My motto in this market !
    3
  34188. I'll take the freezing cold. At least you can go outside without being eaten alive by bugs for a few months :) I would miss the changing seasons, Autumn leaves changing color, crisp cool (Low Humidity) air, Drinking pumpkin spice coffee while wandering a forest full of Autumn splendor. Clear sunny cold winter days after a snow storm and marvel the way the sunlight dances off of the freshly fallen snow like a symphony of light. Yeah it's not the best place to live but nature makes up for that if you let her.
    3
  34189. Good to see that you check the intersections for traffic...and sneaky alligators.
    3
  34190. Thanks Michael! Glad to hear your positive opinion. ( and, I agree.)
    3
  34191. Thanks for the update!
    3
  34192. I love follow up videos things take time to work out
    3
  34193. I believe this crash will be worst than 2008
    3
  34194. Sup Mike I live on Prairie
    3
  34195. In my opinion Last year was the time to buy, i bought i new home with minor upgrades for $188k and now just to build my floor plan without upgrades is $270k. This was 6 months ago
    3
  34196. Evert market has risen and the rise isn’t that bad check the other areas it’s worse. I’m really glad you are setting the record straight I appreciate this video.
    3
  34197. Many of these homeless people will go to California and other states that tolerate homeless camping. I live in California and want to leave soon.
    3
  34198. I guess unless you really know you want to be in that area buying is better option. You say you're buying your condo how does the law work when people who are not married buy a property together? Does both names go on the documents or just one?
    3
  34199. Illinois state tax is almost 10 percent on everything you buy and 25 percent off the top of every dollar you earn before you pay state tax then you’re paying taxes on top of paying taxes property taxes in Illinois has doubled since last year.
    3
  34200. Yeah I know bro! It was rough over here in Venice. Got down to 31 at night.
    3
  34201. Hey! The sound of the pouring drink sounds more like a beer than a bottle of wine!! 😂😂
    3
  34202. Great video Michael! Transition to greatness is in the midst for everyone. There won’t be any crash, actually its the opposite that’s happening. All debt will be canceled. This is what Trump is implementing through his executive orders. This is a battle with the financial system aka Federal Reserve. Trump rebuilt everything behind the scenes and with all his changes the Federal Reserve is on life support. All debt will be canceled. Income tax will be abolished. He already defanged the IRS. This is why he stopped them from being able to foreclose or evict. This is part of the currency reset. A whole new banking system. Property tax and HOA fee’s will go bye bye. There illegal anyway. Trump has been tweeting out everything in code. America’s reaping the harvest that was stolen by the banking system. This is why the forgiveness of debt. The ones that are against Trump don’t want this to come through to the people. We are going to a gold standard. Eventually, home prices will drop back to when we were taken off the gold standard which was 1971. America will prosper like never before. We have many good things to look forward too, but some chaos will arise the day after the election so stock up now on everything before this time comes. Pelosi and her goons plan on removing Trump from the White House therefore, Military will be out shutting all this down. Q said, batten down the hatches it’s showtime! The baddies are being removed. This is good. Why do you think Trumps slogan is “Make America Great Again?” It means something behind the scenes that him and many others have been doing for the good of humanity around the world. Get your popcorn and enjoy the show!
    3
  34203. I live on long Island. It's so depressing. The weather is bad and there is nothing to do. I hate it. I would like to move to Florida. I'm. Sick of NY 😥
    3
  34204. Thanks Mike. I'm trying to make a plan. I feel so overwhelmed at times. I'm single with no family. So I'm just trying to make a fresh start. Im a middle aged person
    3
  34205.  @MichaelBordenaro  thank you so much mike. I'm grateful for the videos you have. I'm going to look at more of them as I make my journey to move to the sunshine State. I will keep the faith ✝
    3
  34206.  @MichaelBordenaro  thank you mike
    3
  34207. Tree oh five! Cheers, keep it real, Mike
    3
  34208.  @MichaelBordenaro  Oh no doubt the state of Florida has the best beaches in the US. ☺️
    3
  34209. Hopefully a quick fast crash n a quick fast recovery
    3
  34210. hey so i'm a software engineer, and I moved to south florida about 5 years ago. What I'm seeing right now is an absolute explosion in our tech industry. Honestly it was one of the gambles I made when I moved here from the Pacific Northwest. I figured it'd happen, and it did. More tech workers are moving here than any other place in the US. It's a very exciting time and place if you're in software development. On a personal note, over those 5 years I doubled my salary.
    3
  34211. I listen to these videos while I'm working outside. Keep it up
    3
  34212. Thank you Michael 🥰
    3
  34213. My company is “remote friendly”. But if we aren’t pulling our weight we can expect to go. We have had one RIF already.
    3
  34214. ❤Algo bumps hopefully you hit 200k soon❤
    3
  34215. I live in tornado alley. I think I may be able to handle it in FL. My state is hot and sticky in Summer. Id be ok with it if I had a beach like in FL. Hopefully what you are saying comes to fruition ..I believe it will.
    3
  34216. Thanks Michael and Travis . What does Travis shirt say? Look at the Bill's in your wallet. Money has not been printed since 2017. All the Bill's are old.
    3
  34217. This video is amazing! I could sit and watch for hours! Great work bud
    3
  34218. Sellers cannot willy-nilly choose the price that they sell their house for. It must appraise for that value via an independent appraiser if there is any financing involved.
    3
  34219. Your videos are great. Who cares what the background is, I'm interested in the content! It's your channel and you dont need to justify anything to anyone. Keep up the good work.💚🏖
    3
  34220. I pay $700 a month towards my car insurance and monthly payments. It’s insane 😭
    3
  34221. We hit Disneyland this year and stayed a week cost around 5k. It was fun but the cost was way up.
    3
  34222. You just made a video the other day saying holiday shopping was at all time highs. Now you are saying consumer demand is slowing down?
    3
  34223. I doubt it will crash in 2022. Inventory is lower than ever. 17% lower now than it was one year ago. Rich people who are just dying to live in Florida will probably be okay with a higher interest rate. I hope prices continue to surge in 2022. It's entertaining like you said. 🤣
    3
  34224. Once the job market deteriorates in certain areas then the housing markets will follow. The US is dividing into two segments- the haves and the have nothings. High end quality areas with great schools surrounding environments and then you have the low end areas- nothing in between.
    3
  34225. Say thank you to Michael!
    3
  34226. Great video Michael 👏 Thanks so much!😎
    3
  34227. Nice, Michael! Love “The Joker” in the background, as you shared this latest info!
    3
  34228. Where I live "average price" is already down like 2% since May 2022, me and my husband talked about what would happen next year when our rent lease is up and if we could make it another year of renting to HOPEFULLY find a better house in 2023-24.
    3
  34229.  @MichaelBordenaro  Hey Michael , Cool video , you and Lizzy have a little bit of paradise. I am near Euclid and 4th street only 2 blocks off the ocean beach in a two story low rise , one bedroom but pre war - so the rooms are huge. I pay rent of $1400.00 but i am thinking my next move will away from craziness that is wrecking sobe. Cheers , joey d.
    3
  34230. Been dealing with "polymorphic light eruption" since 2014, basically I'll get blisters before a sun burn. However, I L♡VE fishing and being outside. Is Florida really a bad idea? Love the content and how you keep it real, honest, and truthful!
    3
  34231. Thanks, I'll check it out
    3
  34232. To me saltwater and metal dont mix! After having saltwater aquariums and seeing what happens to metal..I was planning on retiring in Florida and when I thought about renting a condo this scenario went through my head metal rebar crumbling and falling down. SAD
    3
  34233. Thank you I appreciate it
    3
  34234. Beautiful looking area, carry a couple of folding chairs in your keep. I always have them with me.
    3
  34235. I visit the Port Saint Lucie area regularly for the beautiful beaches between Fort Pierce and Jensen. Have you explored and opined on that area yet?
    3
  34236. If you recall the blonde in olive green doing yoga on a blue round towel, that was me lol
    3
  34237.  @MichaelBordenaro  I'm not in the video but then it occurred to me I didnt know what day you filmed this lol
    3
  34238. Positive Lifestyle We were there on June 7th.😎
    3
  34239. The repairs in a condo and a house are the same inside and the responsibility of the owner.Nice videos.
    3
  34240. I told everyone that dit government doesn’t give free money….. they Knew how they where going to get back all that money that way printed, they going to double all that money they printed…just watch
    3
  34241. How to show this in your tax forms?
    3
  34242. Michael Bordenaro Yeah, is the cash back taxable income ?
    3
  34243. Can you use dosh and rakuten with your one card? Using credit and double your savings?
    3
  34244. Mikie, hunter biden had several PPP Loans ..... bet he won't get arrested !!!
    3
  34245. Great video! We just moved last August 2019 and we are so happy to be here
    3
  34246. So basically you saying that you have to be rich and have always extra cash to live happy in Florida..lol..true that..
    3
  34247. With regard to insurance, take the largest deductable you can tolerate. If you file a claim they're going to raise your rates, trust me. Personally I won't file a claim for anything less than $10k. They'll just get it back by jacking your rates so why claim it.
    3
  34248. I have been tracking the rental market more than buying/selling. I have noticed that it seems like the asking rent prices are diverging. Some ask 50% more for a similar property as their neighbor one block down. ie one asks 2.5K/mo while a few blocks down for a very similar property 3.0K/mo. I haven't seen enough consistency in the locations to say it is schools, proximity to most amenities, and crime rates that would explain any of the divergences. Maybe extraterrestrial monoliths but nobody is advertising that is with their property...... Has anybody else been noticing this occurring? Or any maps with the monoliths and explain to me why that makes a property (un)desirable?
    3
  34249. We depleted a lot of our retirement (Gen X) to buy a house in FL but it will be our retirement house, too. We still have some money for emergencies.
    3
  34250. Do you thnk the same applies to St Petersburg/Tampa ?
    3
  34251.  @MichaelBordenaro  Sorry,I forget how big America is,that was probably like you asking me about what its like to live in Scotland haha...Thanks for replying anyway.
    3
  34252. Crazy money
    3
  34253. There is a big disconnect between wanting to help everyone and wanting things to be cheaper for you and your family.
    3
  34254. How will inflation continue if people are defaulting and refusing to pay or not allowed to pay due to bad credit all the Cali-dealer and Sleepy J. high inflated prices? 🤣
    3
  34255. Looks walks by having blinked....had to turn around to find it.
    3
  34256. That was a fantastic video. It almost seemed like a relaxation video at some points.
    3
  34257. First it's home values dropping fast,NOW it's home values rising faster than the National debt,WHICH IS IT ? So the Realtors were correct ,buy now before you are forever priced out.
    3
  34258. Miami is aware about flooding and sea level rising..😊... great tour Michael..thank you 👍
    3
  34259. Bro! Love the Sunglasses 🕶️! Your videos are both Entertaining and Insightful. Thanks.
    3
  34260. Condos are required to show you their financial statements in the documents package. If the capital account is low, then there can be a problem. You could also request the meeting minutes for a year or two of meetings and read through them to see what the problems are like. We have maintenance people at our development most weeks from spring to fall and I'd have to say that building maintenance is pretty good. Prices here are quite a bit less than that condo you showed but San Francisco is a big city with big taxes and costs. Our HOA fees went up about 75% during the pandemic but I'd rather have the money in the maintenance and capital accounts than not. I think that we only have one unit for sale right now out of 180. That unit is asking too much. Your 60% condo fee increase sounds about right. Higher in our area because of heating costs, perhaps, but in the ballpark. Regulators are a good idea, but if people were honest and responsible, there would be no need for them. "Houses that may wind up under water" - figuratively and literally. We have the right to attend all meetings but there can be a non-public session. In actuality, nobody attends the meeting except for the board, lawyer and management company. I suspect that the costs to maintaining low-story wood-frame buildings have lower maintenance costs than high-rises. I'd guess that high-rises have lower maintenance costs initially and then they rise and go up sharply at some point. Wood-frame buildings seem a lot easier to maintain as you don't have anywhere as near the weight issues that you have with high-rises.
    3
  34261. I've said this before, but stoked to see your channel doing well! I always appreciate your updates.
    3
  34262. Wow the IPhone 13 is amazing. Good video Michael
    3
  34263. Were you referring to Venice Florida regarding the homeless camps, or Venice Calif?
    3
  34264. Beautiful!
    3
  34265. I came to the same conclusion after watching this, the caption of the video is correct, this place is a hidden gem.
    3
  34266. Only Brazilians can recognize the shirt. 😉
    3
  34267. Hi Michael. Happy Thanksgiving to you and your family. Please be safe.😄😄
    3
  34268. Here in DuPage County western suburbs of Chicago they are building new homes on some vacant lots. They look to be about 2 to 3 months from finishing. I’ve very curious on how long they take to sell.
    3
  34269. Hey Michael, really enjoy your videos. Very informative while fun to watch. Here’s a question for ya, in Florida are you better off on a (warrantable) condo or a single family home? Love to hear what you think. Stay well, mike
    3
  34270. Nice video. I am still dreaming of my own apartment in south Florida. Are you shooting with an Iphone? Your videos look amazing!
    3
  34271. Remember when in 2008 that people would buy a house and you would go inside and they had like 1 crappy 20 year old couch and some futon mattress on a floor. They were completely house poor, literally every dime going to buy the house and figuring that the house would go up in value and they could magically then afford it. (never figuring in repairs/replacement/etc) Boy good thing we learned from that and would never do anything like that again.
    3
  34272. You've been killing it lately on the YouTube game!
    3
  34273. Hello Michael. Thank you for all these important informations, especially about Flórida, the place I am planning to move. I live in Brazil and I don’t speak English very weel but I can understand almost everything you say. By the way I train your language. 😄 Thank you very much!
    3
  34274. The Biden administration is taking this play from the Bush Jr play book with lier loans .We all know how that worked out.
    3
  34275. I'm coming from NYC, and i basically pay 2500 for a piece of shit apartment. I can't stand it here, its too damn expensive; next stop is florida. My only concern is the hurricanes i keep hearing about. Is it really bad? And mainly safety
    3
  34276. Realtors will say anything to get you to buy — that’s how they eat! I personally don’t trust any realtor right now!
    3
  34277. Thank you brother for the info........we planning to move around lakewood ranch in 2 years....... so I wonder if hurricanes really affects inland houses
    3
  34278.  @MichaelBordenaro  I agree and like you, simply don't see how demand can be maintained. Time will tell!
    3
  34279. Come visit Hilo, HI
    3
  34280. It would be nice to see you in here California making your videos place around like Yosemite, Big Sur, Pacific Coast Highway etc.
    3
  34281. This video makes me want to move there. I'm so confused
    3
  34282. Ngôi nhà đẹp và không gian xanh mình rất thích
    3
  34283. Wow, this title scared me, but very true, 100k is almost a small change to survive in this high inflation age. Don't know how it will pan out but certainly look gloomy.
    3
  34284. Mike could they be buying because they dont have confidence in the financial system and want real estate over cash or stocks?
    3
  34285. I thought silver had bad value recently?
    3
  34286. Retirement was a temp phenomenon in the human history
    3
  34287. But I was told that markets were excellent at price discovery.... How can they leave when they can just adjust pricing to more accurately reflect current conditions??
    3
  34288. the most beautiful place ive ever seen is an area called Merritt island wildlife refuge, playalinda beach in titusville. im sure youve seen a great deal of beauty in south florida but thats my top destination.
    3
  34289. You made a lot of good points. Every city has its high-crime area (which can be active enough to get you on the "list"). Tampa is on the list yet we lived for 8 years on Davis Islands which is rated the 8th best neighborhoods in the country. One thing I would caution is buying off the internet without seeing the property/location. I have run into 4 people in the last 2 mths who have done this. As always, enjoy your posts.
    3
  34290. Don’t buy or sell to a flipper or a cash investor
    3
  34291. I forgot to include we have been 3 days remote since 2010
    3
  34292. I think you will get way more views doing lifestyle videos visiting luxurious hotels, restaurants in Florida and abroad, festive events in many countries and make evaluations and ratings. Catch the bigger audience! It’s probably for those who like to live fancy and enjoy talking about it 🤩 I saw people traveling and vlogging ! Also, fashion and product placement companies would be interested to place ads on videos. I think they pay good! How about evaluating Versace hotel in Florida?
    3
  34293. Just accepted an offer on a house 20k below listed price and seller pays 15 k in buyers closing costs. Because I know it’s only going to get worse. Home on market 30 days in California.
    3
  34294. Happy birthday to your wife, you two are blessed to have each other. I enjoy all your videos that have proven to be spot on. Thanks Michael for all you do…I appreciate your work
    3
  34295. Great video, Michael! Love that last map! As I was looking at the map, I noticed that all of Hawaii was in purple (over valued), except for the big island of Hawaii, which was in grey. I’ll have to look houses for sale on Zillow on that island and see what prices they are going for. Thanks for sharing!
    3
  34296. Great video!!
    3
  34297. Hi Michael thank you for this Video
    3
  34298. More a walking tour, as cars are not allowed on George St, the main drag - one of the things that make it great. No one wants to sit at an outdoor Cafe and breathe exhaust fumes, or listen to all the noise that cars/trucks/motorcycles make.
    3
  34299. That is just nuts !
    3
  34300. Very valuable video, Specially the old vs new house deals. Thanks again, Michael.
    3
  34301.  @MichaelBordenaro  good things come to those who don't settle :)
    3
  34302. Totally agree. Now, whenever I go on vacation, I do site seeing for a couple hours and rest of the time do relaxing activity, example being lazy at the beach, works out great. I can’t stare at water for more than 2-3 hrs... 🙂 What was your favorite spot during this vacation?
    3
  34303. Michael why would they be cutting rates that does not make sense I think that’s bad decision making on the fed
    3
  34304. michael I am gonna be real with you about cali. A lot of the comments you read about cali from others are true but there are maybe a hand full of people that I do not think have lived here long enough so they don't really know about the cali then which I call golden and the cali now which I call a demon shit hole. I have lived in cali for 39 yers now almost my whole life. I am an immigrant my family left Vietnam and came to U.S. because absolutely no freedom exist there and that is what cali is now minus the part where you get to pick whatever occupation you want to be in. Here goes 1 cali has the highest taxes and regulations in the nation. 2 no freedom in cali forced lockdowns/mandates, then on top of that newsmen basically spits and slaps you in the face while you are locked down at town and forced to wear masks he's out partying and not wearing his mask, something with his aunt pelosi. 3 wild fires, earthquakes, mud slides droughts and yes cali does have sink holes too. 4 severe high crime did you know that criminals in cali can walk into your store steal $1500 of worth of things walk right out and nobody can do anything about it. 5 severe homeless problem don't know if you noticed when you were in cali but in san fran, l.a., hollywood, sacramento, bay area people would take dumps in front of your business very gross and insanitary. Indoctrination of kids in public schools, you have to have a license or permit for everything for example, I recently had the floors in my house redone I had to get permit for that so ridiculous. 6 we have stupid laws in this state I believe that it is in monterey that you can't walk down the street and chew gum at the same time, who are you hurting? how are you causing harm to the environment by doing that. 7 housing my sister makes let's just say a lot of money she lives in the bay area and her little 800 square foot shack with a back yard the size of a shoe box is worth 2 million dollars and no her house does not look nice by any stretch of the imagination. This list is getting long if you want to know more please ask. Like I said I've lived in cali now for 39 years planning to move to Tampa, FL. I visited Florida before and will be there for 1 week this coming weekend for my birthday checking Florida out even more then I will decide where in Florida I will move to unless if I win the lotto jackpot then I will move to hawaii.
    3
  34305. are there any disabled veterans discounts for property taxes or anything else?
    3
  34306. i currently live in Tenn. been wanting to move to Florida. Tenn gives Veterans a hugh break on property tax. was hoping Florida did the same.  @MichaelBordenaro 
    3
  34307.  @MichaelBordenaro  nice! thank you for looking it up! now to find a county that’s senior friendly! thanks again for your help.
    3
  34308. Interest rates are already painful at 6.5%. Imagine the pain at 8%+. Oh Jolie..
    3
  34309. I think you guys should move there😊
    3
  34310. This was an awesome video. Feel like I know you now,,, lol
    3
  34311. Despite alot of its issues I'm going to choose California. Westcoast for life.
    3
  34312. Our government has NO MONEY _- all their money is from borrowing -- why does that concern me? Because each time they borrow money, my cost of living rises like crazy. STOP spending what you do not take in - When your OUTFLOW is higher than your INCOME - then your UPKEEP will be your DOWNFALL- problem is the rest of the nation will be the ones suffering more than those in Washington, DC.
    3
  34313. Your insurance rates are insane. I pay 1440 cdn per year for my 1800 sqft 5 bedroom 3 full bathrooms 2 fireplaces home in Calgary Alberta. Downside we have real winter here.
    3
  34314. Gone be a huge homeless population in the coming years
    3
  34315. Michael, Salut! )
    3
  34316. i like it michael. your insight on the road will be cool and i will support you
    3
  34317. Gold diggers will be, gold diggers.
    3
  34318. You are the man good job keep it up but sell a few houses too for some $$$$$ you have what it takes
    3
  34319.  @MichaelBordenaro  thank you! your videos are great btw! really appreciate all the time and hard work you put into them!
    3
  34320. I wonder what Moody's Analytics is rating these various pension funds....and if the participants are being informed of just how precarious the situation is. I would venture to say we're going to see a huge number of these funds go belly up very soon. I have friends and relatives waiting to collect their pensions....and I keep telling them to make other arrangements now...not later.
    3
  34321. Bleach kills mold, use carefully.
    3
  34322. Greetings, any idea on where I can search for short term rentals in Miami? I'm trying to rent a 2 bedroom apartment for three months. Thank you in advance!
    3
  34323. 🙀😳🫣
    3
  34324. What a terrible, terrible situation. My family and I are schedule to be in Surfside in August. I called where we are staying. Reservations aren't canceled but traffic is on lock. Some of the first responders have people in that building according to a firefighter who was just interviewed on CNN. I hope and pray they are able to rescue as many people as possible. Further, I hope they identify the cause of this structural failure. We just had a walking bridge crash down on I-295 in DC. They say a truck knocked it off its mooring, but city inspection reports say the bridge should be considered for replacement and it had a rating of 4 out of 9 or a poor condition. The FIU foot bridge collapsed in March 2018. What is going on in the United States? Where will all the displaced families who lived in this building the the adjoining building go now?
    3
  34325. Why not just buy gasoline generator and put it in the trunk of your electric car lol 😂 . Then you can pull over wherever you want and charge your vehicle at any time . Never have to worry about not having enough electricity . You can get a nice one for around $ 850.00 or so . Then just go to the gas station like a normal person can you put gasoline in your generator and your golden 😂.
    3
  34326. CANT WAIT Till' The Car Market really subsides or CRASHES . to get rid of ALL Those MASSIVE Needless Vehicles . ALL Over the World . That are Taking OVER The Streets . ANYONE THAT JUST Parks on Sidewalks /Pavements is a MORON .With no consideration for others . The old 'And Disabled . thanks Michael .
    3
  34327. I have year round depression but then again I live in Las Vegas.
    3
  34328. i booked a trip to Miami beach oct 12 to 16th. would love to see what my options are
    3
  34329.  @MichaelBordenaro  not a bad price for renting but i am looking to buy something small
    3
  34330.  @MichaelBordenaro  that's what I'm looking for more or less
    3
  34331. The Construction was weak. Didn't have support beams and lacked of reinforced concrete. All the Project was a fraud. The Authorities should check the quality of the remains of concrete and the blue prints of the Promoters. The FBI should be searching for the Sellers and Constructors of the building. All Miami Beach should be checked and close down the weak buildings.
    3
  34332. “Paulson and Bernanke just left the White House. There’s going to be a bailout. They knew the taxpayer would bail them out. They weren’t being stupid; they just didn’t care.” - final scene of The Big Short
    3
  34333. I agree with Michael it’s all about perspective. Florida has a lot to offer from small towns, rural areas and heavy populated areas. @TheMoon you might like Belle Glade, FL or the many other small towns Florida has to offer. 🌴🏝🐊😷
    3
  34334. the government is dumb, the gas stations already located everywhere should be forced to have charging stations just like the do Diesel. that would help with 'range anxiety' which is real.
    3
  34335. Nice to hear the truth. You do a great job.Thank you For wake up people. You do great job.
    3
  34336. The same thing happened in the Keys. The rich moved in and the average income Conchs left. This will happen on both coasts. Insurance will continue to go up. The legislature is out of session and there's a more active hurricane season predicted this year.
    3
  34337. Felt bad for people who already have plans to travel outside these holidays but have to modify their plans because of this situation. Crazy times. Appreciate your content!
    3
  34338. I am enjoying this so much.... I would enjoy some dash cam videos. I live in Michigan and am 66 years old. I want a place to live there but its too expensive. I would love too , but can't :( I have 4 dogs and i am afraid that will cause some problems finding something.
    3
  34339. Reverse mortgage is probably the worst thing a person can do. It’s a ripoff
    3
  34340. 800,000 for a absolute SHACK. These houses look AWFUL. Do people buy these to tear down and rebuild? Or do they really buy these shacks to live in?
    3
  34341. Why would I pay someone double what they bought the house for a year ago. NOT
    3
  34342. Great advice especially for younger folks because maybe their parents dont explain this stuff properly. The florida backdrop is OMG beautiful thank you.
    3
  34343. I live in Indiana, near Prudue University to be clear, it stuns me how big the houses are here, like 1500sqft+ and lots of high end homes that are like 2000-25000sqft. WHY WOULD SOMEONR NEED THAT MUCH HOUSE?! Like a nice 1000-1500sqft is FINE for a 4-6 person family. Maybe it's because me and my partner and 2 kids live in a 750sqft apartment that we are fine with anything even a little bigger but come on, can they at least try to build nice "starter" homes anymore.
    3
  34344. At least get liability insurance Incase you are sued.
    3
  34345. Oh, man. Your condo must have WAY thickier walls than my current, almost brand new apartment! I would never and could never play my guitar or anything like that inside!
    3
  34346. I love your channel. I think a video during or after sunset is nice. It’s different. But still a walking video which imo is the best way to go about this. Some people just sit down and just bombard you with info and it’s kind of hard to watch because the scenes just don’t change.
    3
  34347. Make a video with houses worth $40,000-$100,000
    3
  34348. Michael Bordenaro how about under $30,000
    3
  34349. 25k That’s Light. A New Construction House In The Suburb Of Austin (Spicewood) Insurance 33k HOA $7k And $71k Property Tax.
    3
  34350. Great info! Good job!
    3
  34351.  @MichaelBordenaro  You’re welcome!
    3
  34352. Imexcited to move there
    3
  34353. Those big beautiful trees are always great until the hurricane comes through😏
    3
  34354. Bubble n Bubble..👎👎👎👎👎👎
    3
  34355. WOW! your taxes are high!!!    I'm in NY(50 mile train ride to NYC) on 3 acres, 2500 square foot home and pay 11K....and you pay HOA too?
    3
  34356. "wait out the boom"...losers don't understand increased construction costs... scarity of homes.. 'cse of low interest rates, low mortage rates,increased wages n foreign competition....high inflation
    3
  34357. Congratulations Michael! ✨🎉🎊 Thanks for this video! Happy for y’all!
    3
  34358. Thanks for the great video! Which ones are less prone to hurricanes?
    3
  34359. Michael Bordenaro thanks!
    3
  34360. Thank you.
    3
  34361. I agree with you. it is wrong and it is an invasion of privacy and none of their business. Hopefully those that do it will get sued by enough people. It is also unethical and wrong.
    3
  34362. Dad looks like a marine I’m not gonna mess with that guy
    3
  34363. Great video bro yes please the dash cam.
    3
  34364.  @MichaelBordenaro  that would work also but have to say again thanks for your insight and info.
    3
  34365. My escrow has gone up twice in 2 years. Property taxes.
    3
  34366. This program is set up to let investors dump houses before the markets fall off a cliff, poor people will take loans the can’t afford and being there’s no minimum credit required these are people that should NEVER get a mortgage. The real estate market will fall (ESPECIALLY where these homes are) the government will bail out the banks and the investors will swoop in and buy up the inventory and a severely discounted market price. This is madness!!
    3
  34367. I've sold real estate here in Phoenix since 1985. Never have I seen such a shitshow in my life!! I predict a big storm ahead....prepare!! Timmy C Arizona
    3
  34368.  @MichaelBordenaro  p.s. as a kid I grew up in coral springs. 😎
    3
  34369. GREAT video, Michael !! Thank you for this valuable intel........However, there is usually a big difference between price and " value". Thank you , once again......Godspeed....
    3
  34370. Hey, yes as you said some have too much and other not enough to live! I won’t do my shopping at Bal Harbour Shops and I’m not bling-bling anyway but like to eat there at night sometimes only!! 😉
    3
  34371.  @MichaelBordenaro  yes Carpaccio is a good one, last one I’ve been to by the way!! 😂
    3
  34372. Michael, wish you had 50 hours extra a week to answer every comment.
    3
  34373. It’s going to have a bump right before the crash. Banks will readjust just like in 08.
    3
  34374. Just found you today... the comparison video between California and Florida. Always wanted to move to California I never even wanted to visit Florida. Heat and humidity are far from my favorite. But I love this video best so far. Love to see the neighborhoods and houses. I used to be in real estate myself years ago where I grew up. You may know the area or at least heard of it ... LaSalle Peru Illinois. Live up in the suburbs now. But it was great to see Florida Through Your Eyes and from somebody that I grew up in an area like I did. I'll be watching a lot more of your videos. Thank you for great content.
    3
  34375. I have lived abroad (China and Brazil) and in different states in US. In my experience your insights about moving from your town to another state is spot on. It shows your interest to help other also. Your knowledge about moving Florida is really helpful! I am exploring the possibility to move there. Thanks again. Keep up the good work! 🤗
    3
  34376. 👏🏼👏🏼👏🏼
    3
  34377. Ok...as the car ride went on, I enjoyed it more (when you got down by the Fontain Bleu). The traffic seemed to move better, and it was even more interesting. Plus, I slowed down...I am at work...and sitting at my desk, so I can focus on this video better.
    3
  34378. Hi Michael, could I get in touch with you ? My email is peeters.karen.anne.abogada@gmail.com. I need advice on Florida (relocation).
    3
  34379. Hey Mike, can you give your professional opinion on what the appraisal price of Mar-a-Lago would be.
    3
  34380. Yeah but if you would have waited until next year you probably would have got it for half that price!
    3
  34381. OMG on the flip. Thank you, Michael. The rent is absurd on it.
    3
  34382. Great video .. the moment I seen my car in the parking lot tho 3.24 ... priceless 🤣
    3
  34383. Thanks for all the housing information you can provide Michael, really appreciate it. :)
    3
  34384. Very bad for those that bought at extreme prices
    3
  34385. I'm generally not a big fan of EV..but think leaf blowers should be electric!!! Can you imagine how much quieter and less smelly your neighborhood would be??!
    3
  34386.  @MichaelBordenaro  as we used to call it in the mortgage business, " The Greater Fool Theroy ". Great info as always Michael
    3
  34387. EXCELLENT VIDEO MICHAEL 🇮🇹💚🤍❤️
    3
  34388. Your videos. Are great I am stuck in iowa for now. And watching all there video's
    3
  34389. Imagine being the owner of the house, coming across this video.😬🤣
    3
  34390. Realtor in South Florida no prices won't drop due to lack of builders and overall supply I'm selling my home now middle of closing currently I'm going to rent at a friend's until market cools but it'll be sometime. Your only real option right now are lennar town homes basically in 330-425 range still suspect these house will go up in value but still incredibly overpriced with APR rates mind you these townhomes are being scooped up super quick as well.
    3
  34391. The average home price in 2018 when I was in Santa Cruz was $1 million
    3
  34392. Wow crazy food expenditures but explains why you don’t like mediocre service
    3
  34393. What is your opinion on FT Lauderdale? A former coworker retired there and said she bought a Condo for 100k, 300 maintenance. She mentioned the area was called Sunrise I believe.
    3
  34394. Very interesting information. Thanks
    3
  34395. I want to move in key west!!
    3
  34396. I'm glad to see you are good w the leaf blower ❤❤❤❤❤
    3
  34397. HAPPY BIRTHDAY 🥳🎉!! ENJOY your "SUMMER BIRTHDAY GETAWAY" in CALI and Thanks for keeping us updated
    3
  34398. Thanks Michael! Great video. I can understand your points. Some ideas for new videos— 1. I LOVE your walking tours in South Beach! 2. What about the issue of rising sea water on real estate? 3. Do you need to know Spanish to work and live in Miami? Thanks! Really enjoy your videos. ❤️
    3
  34399. Wouldn’t it be great if people who are upside down already could sue the real estate association for saying buy buy buy and misleading people
    3
  34400. Yes, significant layoffs continue, and stocks go up.
    3
  34401. I am watching this Monday Jan 14th -- did you film this today? surfside is beautiful. Stev
    3
  34402. cheers Michael -- from 1 Illinois may 7th birthday boy to another
    3
  34403. I got a few years on you though
    3
  34404.  @MichaelBordenaro  Yes I’ve heard Destin is really nice. A friend post pictures kayaking on the beach and the water looks so clear and calm….so pretty! But yes I’m sure it does get cold there because it even gets pretty cold here in Jacksonville but it only last a couple days here and there, you get used to it. 😁 are you getting bad weather from Elsa right now?
    3
  34405.  @MichaelBordenaro  that’s good, I didn’t think it would be much of a storm…. It’s basically just a calm rainy relaxing day here so far 😊
    3
  34406. With sea level rise I’m afraid it’s going to get a lot worse.
    3
  34407. Hi
    3
  34408. Thank you… I have been saying this for years! Our hard earned tax dollars being sent out of the country is criminal when we have so many in need here! When will the American people be given the courtesy of voting if we should send money at all! How many countries sent money to help with natural disasters here in the US? At what point are we planning to wake up and realize the national debit can not be sustained? Why send all our hard earned dollars overseas? 10 countries that receive the most U.S. foreign aid: Afghanistan ($4.89 billion) Israel ($3.3 billion) Jordan ($1.72 billion) Egypt ($1.46 billion) Iraq ($960 million) Ethiopia ($922 million) Yemen ($809 million) Colombia ($800 million) Nigeria ($793 million) Lebanon ($790 million
    3
  34409. great video
    3
  34410. "We live in the same building but have different views" Drake. Lol
    3
  34411. Hey Michael I'm Willie I agree 100/percent south Florida is a beautiful great city people wants to come and live there u have outta towners come and destroy it I think they should fine them or ban them from coming for good
    3
  34412. I just find it very hypocritical that government thinks student loan is sooo bad that it needs to be forgiven but government keeps on making them and letting it enslave the future generation!
    3
  34413. U r right...hard work pays off!!..👍 thanks Michael
    3
  34414. It also felt like Sausalito because the weather was the same!
    3
  34415. nice for a vacay... living.... a little too quiet for me!!
    3
  34416. Don't turn it blue.....hi Michael, I see long sleeves..must be freezing there l0l ....minus 16 here
    3
  34417. Good to see you in my neighborhood. Love Miami Shores!
    3
  34418. It's just common sense to add maintenance into your budget before you buy. And a new car payment requires gas!✌️❤️ ~🦋
    3
  34419. You are sooooo on it. Thanks for another great video 😁
    3
  34420. So u basically have to pay for insurance and self insure as well for home insurance since you are never going to make a claim @Michael
    3
  34421. Power of sale only takes effect if the borrower defaults. Unless a variable rate mortgage hits the trigger rate, and the bank refuses to extend the amortization, power of sales mean people are running out of money and losing income.
    3
  34422. Same here. I keep my own reserves for timely maintenance and repairs
    3
  34423. portugal thinks it's foreigners buying up stuff. this is partly true, but portugal has negative interest rates. depending on your age, you can get a 70 year loan for .9% interest. when that happens, it drove up the cost of property including foreigners. with the rules, the cost was $250k, then i think it was $550k in lisbon and coastal. Well, condos became $550k and were $900/mo. That said, portugal misses it was foreigners who came in and revitalized many areas--many of which were derelict and in foreclosure. Foreigners fixed it up and it looks great. Hong Kong being given free passes has also caused a massive influx of chinese, which should be worrisome to everyone thinking of moving there.
    3
  34424. I bought a house that is a 100 years old and trust me it wasn't no joke the good thing I was able to fix it myself and still working on the house
    3
  34425. Good on Canada for banning foreign investors. Workers need places to live. How many properties are sitting empty just because people are trying to launder money from their home country.
    3
  34426. I just finished putting down new carpet padding and carpet in my master bedroom. I used my Lowes Credit card for rewards and Perks. Paid in full before bill came due. Saving up for my new project. With uncertainty in economic times ahead. I'm still enjoying doing home improvement projects on my house. However only what I can afford to pay off rather quickly. I don't desire to be in debt nor pay free money "interest" to creditors. I'd rather pay myself by putting my own money to work for me.
    3
  34427. All the issues concerning the hazards of Florida's changing ecological situation most people just ignore until higher insurance rates, etc, come home to affect them. I guess they "just look at the sunny side of things" and hope that their choices won't come home to roost.
    3
  34428. Do you think gators are a major problem in much of florida?
    3
  34429. So true
    3
  34430. Every time I hear about these doings in CA the line from that song comes to mind, "🎶 Cal-li-for-nia Rest-In-Peace🎶"...
    3
  34431. Great Channel
    3
  34432. Mortgage interest rates' increasing has a real effect on the monthly payment. For every 1% increase in the rate, there is a 9% drop in the amount you can qualify for. ** EX: You qualify for a 500K house at 5%. But if there's no change in your finances, and the interest rate goes up 1% (to 6%), you will qualify for only a house priced for 455K. In two years we've gone from 3 % to 8%, an increase of 5%!. Now you qualify for a 225K house, with no changes to your finances. That's significant.! ! Pity the buyer who's stuck with a variable rate mortgage. This was part of the reason for the crash that began in 2006. So many buyers got very low teaser rates. They had no idea what their mortgage payment rise to with just a fraction of an increase. Unscrupulous brokers never offered to tell them. I remember a news report about a single mom with 4 kids who got one of these mortgages and was paying $1300 a month to start. She lost the house in about 3 years because the increases raised the monthly payment to $3100, more than doubling it. There were other shenanigans, i.e. fraud, going on then too. ** per Jeffrey Otteau, nationally recognized real appraiser in NJ.
    3
  34433. Right now Florida is a perfect spot to get way from this freezing 🥶 ❄️ cold weather....
    3
  34434. Hey Michael. As always, great content. A few things regarding the Toronto/Ontario. We have what is known as the Greenbelt and Oak Ridge Moraine, brought into law earlier in the early 2000's, this is very restrictive legislation, taking developable land off the market. This is one of the main drivers as why real estate is out of control here, statistically, if the reproduction stopped and immigration stopped it would take upwards of ten years to house all those in need here. Yep, there is plenty of land here, yet the public has been fooled into believing there isn't. In the GTA density building is all that's left. Today I was at two Condo sites in Pre-sale. The one in Vaughn at Hwy7 & 400 is selling 455 sq ft 1 bed, 1 bath condo's starting at 955,000, insane, the other site, 10 mins from Downtown Toronto is selling 1 bed, 1 bath aprox 470 sq ft are starting at 710,000. Maint fees are starting at six cents per square foot. taxes, in excess of 3000.00 Anywhere in the GTA area, 3 bed towns are approx 900,000 and up, 3 bed detached, 1,000,000 to 1.3. 4 beds 1.2 to 1.5 and this is factoring in approx a 22-30% correction since the height of the market back in Feb/March 2022 and more declines are coming. People just don't learn, in 2017, our very overheated market had a hard correction due to offshore money pouring in that intensely overheated the market and also created substantial housing issues. Our Government has always been too little too late, in late 2017 it was estimated that in the GTA alone, in excess of 50,000 home were offshore owned and sitting empty, The Government tried to crack crack down and fine the owners, good luck, they are off shore. The then legislated a 13% foreign buyer surtax, didn't work, foreigners just moved into plan B, buy home through Canadian family members and friends and thru Corps. This year they are at it as you suggested, placing a Ban on foreign buyers for what looks to be a 2 year minimum, then the surtax is set to rise into the 20% range you suggested. They are also putting an anti-flip tax on real estate in effect come Jan 1, 2023 that is going to be bad for our markets. Flippers will have to hold a property one year or longer, or if not be subject to this tax being added onto the sellers income tax, which for most moderate earners here is 42-50%. Our socialist Government has also now decided to fund rent to own programs, which will end up costing the tax-payers here substantially, anytime our Governing bodies ever get involved in managed housing, it has failed miserably. Right now, borrowing has risen sharply, back in Feb 2022, you could buy a 5 yr variable from 1.2 to 2.3% and move forward to now, 4.55 to 5.14 all these mortgages are usually prime plu, right now, its aprox .65% and this is for Triple A borrowers, if your a B type or C type borrower the rates are substantially higher. We are also starting to see a slow down in retail sales and job market slow downs, so it's only a matter of time before we experience more economic uncertainty. I feel the same as you, if your fiscal house is in order, people will be ok, if not, look out, this time, it will not be a short economic bounce, In Canada, there is a lot of corruption in many sectors and Government and the options are running out.
    3
  34435.  @MichaelBordenaro  thanks for quick reply. I found LOOPHOLE to deposit cash into account. My local post office makes money orders free of charge and you can deposit money orders with the discover app. Just takes 2 to 3 days to clear then tou have cash in account. And they only have one fee forgot what it was but it's when you make huge transactions or transfer money to a different country
    3
  34436. Hah don’t worry that rent is already factored into the price of the house 🤣
    3
  34437. Beach weather Alert, Michael. Starting 9/20 (Monday) Summer will arrive in SF & No. Ca. My weather app says high of 81 F Tuesday. Highs in the 70's all week. Warmer Inland. Perfect time to drive down Hwy 1. Or to Stinson Beach in Marin. Be sure to leave early. Traffic can get hairy when it warms up.
    3
  34438. Dont stop doing what you are doing. I love it. You do the best job of giving me my daily dose of reality check, and make me grateful I have sound financial habits. Negativity sells!
    3
  34439. Hey Michael how's it going today? I was just thinking about some of the questions I have concerning coming to Florida. Wanted to share those with you. If you've already covered these subjects in another video then just don't worry bout answering them. 1. Hot Springs Have you ever been to any of the hot springs in Florida? If so do you have a favorite one? Would you be able to rate for Hot Springs? Are there alligators excetera in the hot springs? Can we go to the hot springs during this pandemic? Have you ever been to the Crystal River area? 2. Dog parks And where are dogs allowed in Florida? Are there dog parks in Florida? Can you take your dog on the beach or are there only certain Beaches they are allowed on? can you take your dogs into restaurants? Do you know anything about the cost of veterinarian services in Florida? I know this can vary dramatically from area to area and state-to-state. Are all dog breeds allowed in Florida? I know sometimes there are restrictions. 3. insects and snakes and alligators Etc. Obviously in the Everglades are going to be Gators. Can you tell us where else we might find these creatures in Florida? Can you give us the lowdown on the bugs? Exactly what kind of insects are abundant in Florida are abundant in Florida? I've heard you are abundant in Florida? I've heard you talk a little bit are abundant in Florida? I've heard you talk a little bit about are abundant in Florida? I've heard you talk a little bit about this subject in another video. What kind of snakes are there in Florida? oh and I might as well ask you about the sharks in the water off the Florida beaches if that is a problem? 4. Grocery stores and fresh food markets. obviously with such a high population I'm sure there's plenty of grocery stores around. But can you tell us about what chain grocery stores are there in Florida? Where are the Costcos located? And lastly tell us about the fresh fruit and vegetable markets. Organic and are there many around the state? 5. Lastly I'm sure there are Healthcare facilities in every major city. Have you heard anything about one city being Better equipped than another as far as hospitals and Medical Care go? Sorry for any typos and also I know some of these questions may seem obvious and simplistic :-) I'm just old so thank you for your kind patience :-)
    3
  34440. Of course rate lock in is going to be a huge factor and more importantly, it prevents 2 real estate transactions, not just 1. Of course some people will have no choice but to sell new inventory is going up at a very slow rate and coming up from the lowest inventory levels in history….
    3
  34441. We stayed at the Fountain Blu. We loved it! We loved it! Those windows are like crime proof windows or something? I have read that crime is terrible in Miami beach. NYC was the safest large city in America for 35 years. Now with the riots and defunding the police we have crime now. But I am not used to it. Key Biscayne is safe and a close drive to the Keys. We don't have the money now but what do you think of Key Biscayne for living for New Yorkers who do not want to buy a house and who re not used ot people being nosy or in your face? ?
    3
  34442. I love seeing your view go from 700 to 2,700 on average to 5,000 on average, and comments going from 19 to 240
    3
  34443. Yes, I have told you that I do like Florida. Having visited some many times in my career flying down there is really nice. Staying in North Beach area has been nice the in Miami. I also like Ft. Lauderdale as well. Then having family in Orlando is good as well. Again thank for your cook videos about Florida.
    3
  34444. Thank you for that information. PBS has had many programs on about Global Warming in general that shows how many of our coastal cities will have problems with the oceans rising up. So, I wanted to know and here from local people. Again, thank you.
    3
  34445. You are right about hearing the many shore of beautiful cities that yes we are using water pumps and or dropping sand or large rocks brought in by trucks and place along the sea shores. I know we have that same problem here in Chicago a long the Lake Michigan. We have many condo buildings along Lake Michigan where they are seeing the lake levels are raising. The city has had the Army C. Engineers visit and tell the Mayor and Condo Associated what to do about protecting their buildings. Along our famous Lake Shore Drive which is a city highway that goes from one end if the city to the other end, on bad weather days the Lake Michigan's water comes up so much easier.
    3
  34446. Love your channel, your videos give me peace some how. Thanks a lot for sharing
    3
  34447. What bank do you recomend for a 16 year old. No job yet planing on getting one after I get a provisional DL.
    3
  34448. Is your girlfriend is a native Spanish speaker?
    3
  34449. Bottom Line: A single family house is a better investment....You have complete control of your property..(No HOA)...You have the control, nobody tells you what to fix or when to fix it. The demand for single family houses in desirable locations will NEVER go away. Best decision I ever made was to buy my house. I've owned 3 condos & I was glad to sell every one of them. HOAs are a PIA. Never again.
    3
  34450. Mortgage rates are already near 6% and will touch 7-8% by summer. ✔️Buyers who pre qualified at 3% are no longer qualified during closing now with 6% Mortgage rates leading to CANCELLED CONTRACTS in spring/summer. ✔️Foreclosure stopped for last 2 years will start hitting the market. ✔️New construction supply will start hitting the market at the same time ✔️The wallstreet ibuyers will start dumping their real estate purchases once they realize there is no more price appreciation left. ✔️It takes just 1 house on the street to sell at 10-20% below asking to start the trend and pull values for the remaining "comps".
    3
  34451. Respect, walk 👍
    3
  34452.  @MichaelBordenaro  You welcome man, I just found your channel the other day and already watched a ton of your videos. Videos are good and you get right straight to the point on what everyone wants to hear. Better than most of the videos I've seen out there!
    3
  34453. lived on Guam eleven years of my life. What is a hurricane compared to Guam's Super Typhoons?My last Super Typhoon was Super Typhoon "PAKA." followed the next year was "Pongsona. https://youtu.be/lFqJtDbuvHA" But I already left the island. It's those Damned Sharknados you gotta watch out for.
    3
  34454. Aaaah Florida everybody loves u.😍🤗
    3
  34455. paypal account must be the same exact Rakuten account email?
    3
  34456. If interest rates stay under the rate of inflation, prices have no reason to correct. There’s a lot of people out there making the most making they have ever made. Do we know which areas of the US were hit negatively first, and last, around 2008?
    3
  34457. President Ronnie Reagan lived in Palisades
    3
  34458.  @MichaelBordenaro  very Dave Ramsey haha. Ultimately you can invest and pay off mortgage early at the same time if you’re budgeting your money right. But I’d lean into the house first personally because it’s a more guaranteed wealth builder. I still subscribe to the belief your primary home isn’t an investment. It’s a liability or expense. So you should pay it off like any other debt quickly. Buying more house than you need and a college degree can devastate you financially more than most people realize. You’re robbing your investment opportunities and enslaving yourself to debt. Sometimes renting is a better choice and it’s hard for people to accept that. You can rent and focus all the extra time and money on accumulating income producing assets. Which I’m pretty sure you were doing right? Rent to have an easy lifestyle and focus your resources on building an investment portfolio.
    3
  34459. This is very interesting. I used to be in the camp of investing into stocks over paying off mortgage (esp when my rate is low), but recently, I've been thinking that if I purchase my next primary home, I'd consider putting a bigger down to purchase for these reasons. 1. Financial freedom and debt free living lowers the burden of stress, rat race and hustle. 2. Pay less interest to the bank. 3. Investing in stocks has it's downside when you exercise your gains. If you're in the high income bracket, you're faced with so much taxes to be paid at the end of the year.
    3
  34460. Thanks for ticking all the boxes, Michael. We are going through the same thing here in Hawaii, according to my realtor next door neighbor. Low inventory, lack of rentals, bidding wars, steep price increases. Some other factors I wonder about is a slowdown in new construction during the pandemic, due to supply chain and permitting disruptions. Then there is population growth in general, which is exponential, not linear, so it compounds over time. Then there are the boomers retiring and moving to the sunshine states, but also to other states to be close to their kids. We are a nation on the move right now.
    3
  34461. That is nice to be flour blocks away for the beach. Thank you again for show your properties there for sale. Continue success.
    3
  34462. I agree with everything you said.
    3
  34463. What's your opinion about these two medium-size cities: Sarasota and West Palm Beach?
    3
  34464. Hi Michael, looks like a great option for a seasonal resident. Live in Madison WI, considering seasonal ownership and keep home in Wisconsin for now and move down for good in a few years. Financially set and no need to work but thinking about options. I would be willing to pay a bit more for a little more space. Do you have a link to other options you offer?
    3
  34465. I don’t care if an EV is selling for $50 , I’m not buying it!
    3
  34466. Another State that's to expensive and that's New York State , don't see how those people afford it . One bedroom , one bathroom , kitchen and living room 700 sq ft = $1,500 per month Highway Robbery to live in these high expensive States.
    3
  34467. Davenport, FL - new developed homes & tones still up-&-coming. Several different developers building over here, I’m sure each may be doing their own “deals”
    3
  34468. everything is fine
    3
  34469. I grew up in St Cloud/Kissimmee area in the 80's. I've since moved away lived all over the world. Own a house in Bologna, Italy and in KS. I cannot believe homes that use to go for 50-70k are now 2-3million! OUT Your Mind! For that kind of money one can buy a palace elsewhere, literally.
    3
  34470. Great Video !...Some people have more Dollars than..Sense (lol) ....You Know , Michael, a lot of young people make Big $ , as a result of Mal-investment due to The Fed's hold on interest rates. When you have Govt. interference on this level, the economic distortions affect so many individuals.....Merry Christmas to you and Lisi....Take care..
    3
  34471. 550 for that, is obnoxious! Though the location and the beach is priceless for sure! :)
    3
  34472. Very good video! I would definitely keep the commentary.
    3
  34473. These investors that do lease options are betting that you will fail and loose sometimes five thousand dollar deposits. I know cause I went to one of their meetings. Had to take a shower afterwards
    3
  34474. The Insurance companies anticipate the upcoming Pole Shift. Best regards.
    3
  34475. Do you do your video’s really early in the morning, or are the suburbs of Florida always that sleepy? I could happily leave London behind for that…
    3
  34476. Very nice and congrats being with your father.
    3
  34477. I've stayed in quite a few air b&b rentals and so far haven't had any issues. For most trips I prefer them over a hotel. I'll book a hotel if I really just need a place to crash at the end of the day.
    3
  34478. The credit card companies are panicking as people have started paying off their debt. They are sending emails and letters in the mail to entice you to get more credit cards. They think people are stupid. They are enticing people with zero interest cards for one year .
    3
  34479. Only thing holding me back is legal recreational marijuana...In Illinois I have a medical card that allows me to grow, I need the law in Florida to change so I can move already lol.
    3
  34480. In Canada 2 day prime is now 10-14 days! A waste of money now!
    3
  34481.  @MichaelBordenaro ... already cancelled!!!
    3
  34482.  @MichaelBordenaro  Thank you so much for responding😀 Yes, we have vacationed in Orlando, Fl a few times. Even though Orlando is just one of our choices to live we decided to lean towards Tampa more first. I have done some research and of course watched plenty of YouTube videos to find some information on Tampa but personally never visited. We will make plans to take a quick weeks vacation to Tampa to get more up close in person view while also check out a few apartment rentals. We have a few coins saved up along with continuing to save more but nomore than 2-3k. My husband is a compounder, working in the manufacturing industry, and I am a transit bus driver but want to start a career in the health industry as a CNA. I've noticed that the cost of living seems low down in Florida vrs here in New Jersey so financially we will have to get adjustmented to what will be our new income when we find a job. Do you realtor in the Tampa n Orlando area and if so maybe we can do business with you? 😁
    3
  34483. Love this video live right do right everything will be just fine
    3
  34484. What’s some of the cheapest places kinda near water
    3
  34485. Miami and near Miami like the bottom half
    3
  34486. If your not into haunted u may not pick up on that. Which is fine. And let others deal with their Ghost. Its often overrated, trouble, and not worth the experience....stay, present...🌞
    3
  34487. I believe Miami Beach is built on filled in land between barrier islands. By there very nature, barrier islands protect the mainland from storm surge, etc. So......this is what's going to happen.
    3
  34488.  @MichaelBordenaro  or I ended the video too soon thinking it was over. Thank You for the great video and info! :)
    3
  34489. 1
    3
  34490. Be safe and cautious Mike B!
    3
  34491. I'm thinking about Orlando. I'm looking for a city environment since I'm from NYC
    3
  34492.  @MichaelBordenaro  Nice! Thanks for the insight
    3
  34493. Buganvilla !!!
    3
  34494. Mark Zandi is a shill for the banks and Wall Street. He is not an economist he is more like the PR man for Wall Street. He is trying to keep the panic at a predictable level.
    3
  34495. Bay Harbor looks so beautiful.😊😊
    3
  34496. I don't watch your videos for good news fluff pieces. Thank you for your honesty. Although I live in Mexico I have financial interests in Canada and the US and need to keep informed on what is really happening.
    3
  34497. Mill Valley Whole Foods 🤣
    3
  34498. That market is flaming hot, pretty much the same prices as where I used to live up North in Massachusetts! 😱
    3
  34499. My strategy now that I'm retired is to have assets or cash flow so I could pay all my bills and have a nice remaining life what I have to do is build up a strategy either foreclosures commercial properties I'm not too sure I can wait because I'm splitting a rental right now in Florida I want to know if you can give me some advice on this matter I would really appreciate it thank you so much for your efforts and your videos
    3
  34500. Michael, you hit the nail on the head! Maintaining a home will make the cost of a wedding child's play!!!!
    3
  34501. According to government statistics, 2023 GDP was driven by consumer spending and job growth. But surveys show almost half of all Americans do not have $600 in the bank. I do not see it.
    3
  34502. What was the $195,000 place called
    3
  34503. Michael Bordenaro yes
    3
  34504. Michael Bordenaro thank you!
    3
  34505. Another great video Michael!! Great way to make a point. I think this scenerio covers a lot of people. Would it be different in South Beach non-oceanfront? Thanks!
    3
  34506. Michael, What about Destin Florida? We are planning to buy a place in florida
    3
  34507.  @MichaelBordenaro  Thank You for responding😃
    3
  34508. Cool great job!😎 Corona😷 turning bars into museums😮No
    3
  34509. USAA used to be good. That listing is a flip. Those are all over Martin and St. Lucie county. They’re sitting on the market.
    3
  34510. I can sell my designer home in The Villages, to any age adult who has the desire, and where with all...
    3
  34511. Great video. I am planning to move to Hollywood ASAP, but covid has been making things much slower. This video did help a lot though, thank you
    3
  34512. Excellent video Michael, looks like a very nice place to live. It would be nice to see a video on some of the houses and townhouses and what the cost if possible. Thanks and happy new to you.
    3
  34513. Need to get you a classic white panama straw hat Michael.  Get you noggin under a bit of shade before you start having to get melanomas cut out of your scalp and ears.
    3
  34514. @ 4:00 I would talk to the other tenants regarding rule #7. When we moved to a condo, I was afraid that this would be a problem. However, everyone is always happy to see me working on my car. Thus far I have washed my car numerous times, removed the driveshaft for some work, control arms, and I have done regular 5K oil changes over 2 years. Now, I am respectful, all of my car wash stuff is as safe to concrete & environment as possible & when I lug my 50 pound 5 foot jack, and jack stands I always place cardboard underneath. I also plan to rebuild an engine in the garage, just to show HOA who is the boss ;)
    3
  34515. How do I get to you I’m interested at the one in Tampa
    3
  34516. Sanibel or marco island?? Liked video were looking
    3
  34517. Michael Bordenaro ahhh thank you! Omg I did the same thing last year lmao I moved to Jacksonville Florida from nyc and came right back a month later! I lost so much money but Jax was truly the ghetto and I could not live there! Rather Money lost then living in the slums 😂 Thank you for responding do more videos on best neighborhoods on wherever you talk about Florida
    3
  34518. Mike, what's your take on our US leaders following the WEF and their plan for us? Or do you think it's just conspiracy talk?
    3
  34519. Thanks Micheal. Just sold full price cash ofr in Midwest, 4 offers in 24hrs, no concessions & closed in 10 days. Going to rent for a while. Dont want BS of home ownership!!! Nothing to buy..wanted out of the area I bought in 2 yrs ago.Homless & crime increasing. I did not make 30k+ but glad to GTFO now while I can! Now I will rent in a neighborhood I could never afford to buy a home in.
    3
  34520. Thanks for your content, Michael. Much appreciated. We are seeing builders' incentives here too in North MS. And the open houses? Numbers we haven't seen in three years.
    3
  34521. Thank you Michael 👍
    3
  34522. Buy it, it’s a deal Michael 👍
    3
  34523. When in doubt, zoom out.
    3
  34524. But it's hard to predict what is going to happen in the future. We bought our house within our means, even less than what we were approved for. Then the pandemic happened, now this crazy housing market driving house insurance up, and other things. Now we are to a point not knowing how much longer we will be able afford it. We want to sell, but then we sell, where do we go? Wouldn't be able to afford to buy another. So, we will stick out as long as we can. So, even when you do plan things can turn on a dime. So, need to put all the blame on the home buyer.
    3
  34525. Greatest bank robberies are done with a ink pen !!!! Practically all successful financial theft is done with a ink pen !!!
    3
  34526. I knew u would get over 100 being in california ueehaww..good job my friend..
    3
  34527. 👍🏻
    3
  34528. Next move buy litecoin
    3
  34529. it was an old building so am not really that stressed! New building code and regulations are already through the roof..
    3
  34530. Illinois with their high property taxes No thanks. Gary Indiana too dangerous. The rest of Indiana is good. And Hamilton County Indiana the best area with good value houses, low property taxes and a lot of things to do.
    3
  34531. great video. honest and well thought out
    3
  34532. Thanks for sharing this. I think I suffer from it too. ( I’m in the DC area).
    3
  34533.  @MichaelBordenaro  I had to call Discover to complete the application process. They sent me a pdf document (ID verification form) that had to be notarized. When I sent the form back to Discover the representative said it would take 5-10 business days to process, as of today it has been 13 days and I have not heard from them. I'm gonna call them to see what happened.
    3
  34534. The software the banks are using returns to a time when banks and insurance organizations asked standard questions about people's lives before lending money. Yes, getting married or having a child or living a certain life style does impact finances. The American consumer is ignorant to believe that they are being somehow cheated out of getting a mortgage based on their life actions and is a symptom of generations that have never known accountability for their actions. What you do in your life, all of your life, will impact your ability to get loans and insurance, which is just a return to more conservative lending/insurance norm. Again, only those born in the last 50 years thinks this type of business practice is somehow unfair, unjust, or an invasion of privacy. If you study and understand historical lending/insurance cycles, especially when the US Dollar was on a gold standard, this is nothing new. So, yes, this practice is new to newer generations and modernized into a digital world, but it is not a new concept that has not happened before.
    3
  34535. I'm the one who is moving to Miami area from Ohio, thanks to Michael's amazing channel!
    3
  34536. How do you react as a listing agent when owners don't want to fix the clutter? If these listings were done by realtors they should be ashamed of themselves. There are so many realtors, why settle for less than average?
    3
  34537. Thanks
    3
  34538. Hi Michael, do you think real estate prices will go down? Is it the same for commercial spaces. Thank you and enjoy beautiful Miami 🌴
    3
  34539. U should do a vlog during the hurricane
    3
  34540. Also I live in Utah and yeah earthquakes are common
    3
  34541. A lot of people that bought because of remote work…. Will have something else thrown at them such as get your ass back to the office, so a lot of foreclosures coming in a few years.
    3
  34542. Thank you for another amazing video.
    3
  34543. Wow, $2,600,000 for a 2000 sf house w/3 bedrooms and 3 baths in Miami. That's a lot of $ for a small house.
    3
  34544. I figured these investor home flippers would be hurting in this market.
    3
  34545. Beautiful pictures! What places do you like to visit on the West coast of Florida? By any chance, do you cover Marco Island and Naples? My family sold our condo on Marco back in 1991. I am guessing it is probably really built up now. The beach there was so quiet and beautiful and a great place to look for seashells.
    3
  34546.  @MichaelBordenaro  I think you should write a book about your travels around Florida. I think a lot of people would read it.
    3
  34547. no-see-um??? that's a new one too me
    3
  34548. I’m a fan of Bill Maher, too! Great video! I agree with your opinions. I live in the Midwest, but will be living in Florida next year. 😊
    3
  34549. Actually, from IL, too! I just heard you say that. BTW, I was lucky enough to be able to see Bill Maher, too. A very cool experience.
    3
  34550. all retired people don't get megga money per mouth. Jacksonville is not bad, also orange park or near it would help.
    3
  34551.  @MichaelBordenaro  I would also be interested!
    3
  34552.  @MichaelBordenaro  Yes, I really dodged it. The agent kept telling me how great of a deal it was and that he had been in the business for 20 years as such he knew what he was taking about. He went on and on but because they have done it to me before so i did not and still do not have much trust for them. I know they care more about thier pocket than they do about customers. They are professionals but it's our life. Don't ever leave such a decision to someone who benefits from your decision.
    3
  34553. You are so right about taxes
    3
  34554. Some VERY GOOD POINTS here to take into consideration indeed !!! Hurricane and floods with Hurricane and flood insurance requirements...🌀🌊🌊 Many locals don't actually like non locals there.. 😬..😠 Terrible drivers everywhere ( most likely road rage cases too ! ) High likelihood of an accident...🚜💥🚙 Much of the state could end up underwater in the future....🌊🌊🌊🌊 Hmmmmm 🤨
    3
  34555.  @MichaelBordenaro  👍💯🙏...no problem Michael. 😀
    3
  34556. I’m dual citizen Canada/US….crazy that Canada has the most land available in all G7 countries yet fails to build… if anyone understands this please explain it to me…. My Canadian friends are suffering and their quality of life is disintegrating w this issue, value added taxes, weak employment etc.
    3
  34557. Just wondering.... Did you get more sand in your car???? LOL!!!
    3
  34558. Would be nice to do views on difference price ranges ,great video.
    3
  34559. Watch "I Allegedly" video on Las Vegas Real Estate. Real Estate may be in trouble in many places.
    3
  34560. Zillow just came out and predicts a 6.5 % rise in home prices in 2024. 😂
    3
  34561. OK. Yeah, Baby! If interest rates were to go up to, let's say, 12%, what would become the price of the "Average Home??" You are outlining the mechanics of the coming Deflation. This Deflation approaches, closer and closer, every day. Out of 1,000,000 observers, One person can see this.......The Fed has pumped every month since it was founded. This is why all the great fortunes have been made in Real Estate and Retail. (An Apple phone is really a retail toy, if you think about it....(a baby computer). The Deflation will make those $5,000,000 condos near the Hilton in Ft. Lauderdale worth $50,000. You will NOT be wandering about on the internet.....unless you have Backup!!!!
    3
  34562. Why can’t the government make very low interest rates just for mortgages alone? I mean that would help the economy really well
    3
  34563. Michael, I have watched your video of buying house or condo, and it was a great one, but as someone who will be retiring to FLA in 3 years or so, I struggle with whether to buy a condo or house. Maybe you could go into more detail about how condos work, with the HOA board, how they get appointed, what can go wrong with a condo, association, or management company that isn't on the up and up, etc. I know I may be "beating the dead horse" about condos; perhaps you could discuss the risk. Love your vids!
    3
  34564. Very many important things to know about in this video. Thanks
    3
  34565. I almost puked when you were touring us the bathroom. Luckily the toilet was right there 😆
    3
  34566. Your the best bro! Really informative and so useful!!
    3
  34567. Thought I clicked the wrong video, didn't recognize you without sunglasses 😂
    3
  34568. Goldman Sachs just bought up 87 homes in a neighborhood for 45 million in Florida. This needs to stop!!! Government needs to step in.
    3
  34569. I like your channel
    3
  34570.  @MichaelBordenaro  rightly so
    3
  34571.  @MichaelBordenaro  Yeah exactly. I try and go back home to Michigan as much as I can in the summer time.
    3
  34572. THE THUMBNAIL LMAOO "FOR SALE-- STILL" LOLOLOLOLOLOL! OMG
    3
  34573. Hi Michael!
    3
  34574. They raised the price??????????????? hahahahahahahahahahahahah. They....................raised..................the...................price. ROTFLMAO
    3
  34575. Florida, specifically Miami and south Florida in general needs to invest in tech. It's a big reason why California's economy thrived. Imagine how much that would grow the economy.
    3
  34576. Have you been to GLASS Beach? It's maybe 2 1/2 - 3 hours from North from Stinson Beach.
    3
  34577. You look like somebody from Hollywood.
    3
  34578. I live in Huntington beach , I think CA is a better choice than Florida, weather is really good ,yes it is expensive but I think only good weather beat alot of things
    3
  34579. Double secret probation list.
    3
  34580. How about getting the license to save on the realtor fee because I want to own investments properties??? And keep my 9-5 until I have enough passive income. Thought?? Thank You!
    3
  34581.  @MichaelBordenaro  Hmmm interesting. Thanks!!!
    3
  34582. Michael Bordenaro PropStream is another service you can use for $98 a month with access too the mls and public records. The mls access is like between 1-3 days later then the actual mls, but you get access too it before you get the license, just some food for thought
    3
  34583. Michael Bordenaro I’m thinking about moving down there and getting my license, instead of doing twice the work in San Diego
    3
  34584. It’s really not as bad as I expected it to be…
    3
  34585. Good 1
    3
  34586. You know you have it good!!! Ok, it is 10 degrees above zero!!! And we have so Lake affect snow coming down here. Thank you for letting everyone see you at the warm beach.
    3
  34587. So u are a virgo man😉
    3
  34588. It's the prices that's so high then on top of it high interest rates that's hurting buyers. Homes way cheaper back then.
    3
  34589. I used to live at the Air Force base 1 mile north used to go surfing there. You noticed the light sea breeze! Agree water color and it is more laid back. But yeah Cocoa Beach requires $ to park although so far I’ve gotten away with not paying while I surf by timing it only to early morning surfing and late afternoon surfing after most tourists leave
    3
  34590.  @MichaelBordenaro  thanks for getting back. i just kept remembering your view from the balcony and it looked similar ! I am relieved to know you two are good!!! Prayers to all those missing and their families . Such a tragedy ! Be safe !
    3
  34591. I can see the older properties just being sold for the land value. The cost to remodel old homes is extortionate and what are you left with an old looking property. The younger buyer look at the modern buildings and this is what they want. I am referring to the older housing that was built to a tight price.
    3
  34592. Inflation in America is closer to 30% than it is to 10% Everything has gone up a minimum of 20%, since 2020. Even the cheapest things have gone up 11%, but other things have gone up 100%. I was buying 18 eggs for $2.29, same exact package is now $6.99. 8.3% inflation my sister’s asssss.
    3
  34593. Marin Native- Drive to top of Mt. Tamalpias, (Mt.Tam) and make a video. It’s incredible. View of entire Bay Area, 40 min from Tiberon.
    3
  34594. Great video as usual! I didn't know about Nikki Beach, so thanks for the footage. I heard that there is now a ferry service from south beach to downtown Miami. That might be a good video to shoot as well.
    3
  34595. I just arrived in Pensacola and I am teady to leave ONLY because I can't find a place to live and the Extended Stay Hotel is not where I would call home
    3
  34596. Glad to hear your thoughts in 2021 inventory news
    3
  34597. Hello all my mom wants to move to Florida for the warm weather. I'm thinking more Central Florida. How affected by hurricanes is Central Florida such as Sanford Apopka ect. She actually wants to go further south like Port Charlotte since it will be warmer there. I believe the further up you go the least damage there is? Another concern is flooding as well. Thank you.
    3
  34598. I'd like to show us your slow night routine also the real life in Miami as I am in Morocco I wish know more about it because I plan to come to your city.
    3
  34599.  @MichaelBordenaro  100% bro.
    3
  34600. Realto renting Duplex 2/1 at $3500 each unit in north Miami, not a High-end Zone 🤣🤣🤣🤣 , and trying to sell the duplex for 950K...... I did a study and in that area the average 2/1 is 1500....
    3
  34601. Great show! I absolutely love watching all your videos. The problem is that the majority of mortgages are backed by the government. As a result, banks don't really worry about the risks.
    3
  34602. Great Real-time Intel on the FL. R/E Market ! Greed is giving way to Fear (we're in the early stages). Terrific advice, Michael, Thank you.
    3
  34603.  @MichaelBordenaro  I agree....Thank you, once again, for answering my ques. on your livestream . Terrific interview with Jeb !
    3
  34604. 41:52 NOOO Way milking it (MB) you doing great!! your starting to remind me of that guy in nyc check out (action kidd) he walks long long takes his time we get so much from the slow pace walks threw places
    3
  34605. Always assume things will get worse as years go by and you will be step ahead of the masses.
    3
  34606. My equity is real. I paid my debt with income. Ready to leverage BS when prices drop more.
    3
  34607. I HAVE A CONDO IN DOWNTOWN OCALA FEW MINUTES WALKING DISTANCE. TO THE SQUARE OCALA IS A BOOM TOWN AND IT REASON I DO NOT WANT TO SELL I LOVE IT THERE ALSO HAVE A HOME IN WINTERGARDEN DOWNTOWN
    3
  34608. 😞 Sorry for your foot.
    3
  34609. This is fantastic and I'm here for it! Thanks again for doing this. Safe travels :)
    3
  34610. The question is who underwriter for the loan???
    3
  34611. 20% reduction in 1 year is exactly my prediction too. Love to see a pros and cons video!!!
    3
  34612. Thank you for sharing this video!
    3
  34613. Excellent points plus factor in inflation over time.
    3
  34614. Ahaha ! That's funny as hell ... so true. The last picture of the first home of the ac condensor on a table is priceless. I don't think that's up to code.
    3
  34615. Cool video. Interesting concept.
    3
  34616. TIMBAA!
    3
  34617. 1st degree burn with flip flops wow! This informative video! What' s wrong with people clicking thumbs down? Geez! Thanks for the handicapped info. I used to be a dancer and Martial artist and surfer but I am partly handicapped now due to an unethical doctor putting a toxic metal in me at the top hospital for orthopedics in the country. So I appreciate that!
    3
  34618. Do you have a video about grass? Why is it all sod here?
    3
  34619. Free parking...ha! Very cool recollection. Looking forward to your upcoming videos from your trip!
    3
  34620. What is making it hard is not just the pricing of homes but many insurance companies have pulled out of the state. There is a government insurance company as a last resort but it is ridiculous and they can add 45% surcharges at any time. Insurance companies are also charging extremely higher premiums for houses over 20 years of age. People we know got home insurance for $1900 a years because their home was 19 years old. The home I was in the process of buying was quoted at >$5000 a year for home insurance because it was 25 years old. It had a new roof and was not in a flood zone. We rescinded the offer and will probably need to move out of Florida if we want to buy a home.
    3
  34621. Curious. Any idea what the age difference is between the building you lived in, and the hotel?
    3
  34622. It'll be worth $275k in 12 months
    3
  34623. I love listening to Mike. I can see what he says is happening going on around me. The big shot financial gurus could learn from this guy.
    3
  34624. Per the house for rent for$25k, thats antidotal evidence.
    3
  34625.  @MichaelBordenaro  Nice! I totally agree with you. I also lived in Marin little town called Novato. Enjoy your vacation! See you soon in Miami 🏝😎
    3
  34626. Hello fellow Floridian! Very honest and true opinion as to the pros/cons of moving here. We moved here in 1970, from L.I., NY. We lived in MELBOURNE, and loved it as we saw it grow rapidly. My immediate family all passed and I now live in Indian River County. We get lumped into S. FLORIDA, and it's ridiculous what house and auto insurance cost. I'm PC/FLAGLER CNTY bound, downsizing. The beach is near enough (no folks we don't go every day). There are an abundance of scenic walking and biking trails, great shopping, restaurants along the FLAGLER beach pier, still under major renovation. I love the proximity to St. Augustine, and Daytona (Volusia MALL), but not super important to me. I have been looking to relocate to PC, shortly before the pandemic; finally prices are slowly dropping. Temperatures in the Winter there are cooler, but not drastic. Although Hurricane tracks vary, PC has not been hit directly, in some time. Tornadoes happen everywhere. The "B" Section unfortunately took a hit late Summer, but this isn't the norm there. Have you noticed that all the neighborhoods are referred to not only by name, but have aphabetical designations? I know the area pretty well, it is a beautiful place to live. I believe the City is well run, proactive, and will continue to prosper. *Storm water issues can't be escaped, and yes, Florida being hit with excessive rain THIS TIME OF YEAR, is highly unusual. 🙋. Happy New Year🎉🎉🎉🎉🎉
    3
  34627. Beautiful area! Another fantastic video!
    3
  34628. To add, if the Fed fails at a soft landing, then there will be a recession summer 2023. Which means even if you buy now and your property drops 20%, you just refi and stay in that place 2-5 years. - not financial advice, just perspective of average person.
    3
  34629. $250 a year in the UK! 3 bed house
    3
  34630. I think its it is important to have the same things you like to do on the weekends which is the golden time for most people because of work. If someone hated the beach or traveling, I would know it would not be a match for me. I have been successful that way without an app! She is awesome!
    3
  34631. I am living on the CA Central Coast - Pismo Beach area. We are looking at the Bradenton area. I don't know about Bradenton vs Miami, but the Central Coast is way different than LA. Oh.... and you forgot to mention that CA is WAAAAAY over-regulated these days. Lack of freedom is a pretty big deal.
    3
  34632. Great analysis covering a wide range of topics. Walk and talk suits you!
    3
  34633. Michael Bordenaro thanks brother!!
    3
  34634. Shuffleboard =retirement 🤣that had me lol
    3
  34635. And how did you experience the air quality there. When I google it looks to be quite bad actually…
    3
  34636. Let's make everyone broke and homeless because the government wants more. The shitshow ends this year! People are living in cars now. Ridiculous! Americans are going to have to fight our corrupt government. Money and power what the devil does best. You can't get blood out of a rock. Great job sir.
    3
  34637. I just love all of your videos..u are so right about this one!!!
    3
  34638.  @MichaelBordenaro  Amen to that!
    3
  34639. And yet stucco has to be painted or it starts to separate from the building and falls off. My condo in Naples has a stucco siding and it has to be painted around every eight years.
    3
  34640. Awesome! Thank you so much for your tip. You have a wonderful day!👍🌝
    3
  34641. Oh well, gotta live with your choices ! No bailouts.
    3
  34642. My HO went from $4200 to 6800 this year. I live in PA and have not had any claims.
    3
  34643. This is outstanding analysis and I like your presentation style. I find all your videos very educational and interesting. I am planning to unsubscribe from other channels that provide only biased, one-sided(things are either horribly bad or everything is just perfect) reviews, so it feels like watching either MSNBC or Fox. I do feel that I gain a new perspective on these topics from your videos. Focusing on a full time job and/or being a full time student, I neglected expanding my scope of understanding the world around me. I really enjoyed your video about your past mistakes. I came to this country 30 years ago when I was 19years old, and I just wish I had a mentor like you.
    3
  34644. I tell my friends that your content is very easy to watch.
    3
  34645. Michael Bordenaro you are going to message me and be like. How come nobody knows this. It works like a charm. How come you never speak about Boca and Delray.
    3
  34646. I stayed in public colleges and universities, so I wouldn't have to pay for arms and legs. I am so sorry for people who owe millions😶
    3
  34647. What's with all of the cars parked over the sidewalk? Isn't that illegal in Florida? Also Punta Gorda was directly hit fall 2022, it's no wonder prices are down there, they are still rebuilding.
    3
  34648. Michael Bordenaro Gotcha! I definitely will soon! I’m planning a trip here soon maybe at the end of February to escape the nasty weather we have here in Ohio! Not quite sure where we will be visiting but after this video I’m considering St. Augustine. Those videos you shared looked sweet! I may end up heading down to South beach though. Thanks for replying!
    3
  34649. Michael Bordenaro I will make sure to do that. Thanks again for the great content and the replies. I’ll make sure to check out some of your other videos as I’m a new subscriber.
    3
  34650. Cooked employment #'s are keeping the ponzi from imploding but time always reveals truth 🥴
    3
  34651. So I’m guessing that as an American of Puerto Rican descent I would not be welcome in Jupiter? An honest question.
    3
  34652. Your video on houses on the east coast was the best. Incredible finds. Gets me motivated to buy. Will contact you after I get my 2nd vaccine and travel to Florida from Colorado.
    3
  34653. They have money, they just want the poor and middle class to feel sorry for them.
    3
  34654. HI Michael~ Do you feel/think that there are other countries besides the USA that are in a similar situation/predicament with relevance to what you are talking about here in this video? We have a friend who insists that pretty much every country within the Schengen Zone in Europe, as well as ALL countries that participate in the United Nations, World Health Organization are in very similar situations, and there is really NOwhere in the 1st world countries to go to part or full time to visit long term or to consider living in right now or in the forseeable future that are positively and vastly different. What are your thoughts on this? *So many AMericans , Canadians, Mexicans are already IN those other foreign countries as Digital Nomads, Retirees, Expats, full or part time and there seems to be a big 'push' towards North American Citizens getting additional foreign citizenships and or passports, OR renouncing our citizenships altogether in favor of becoming a foreign national.
    3
  34655. Do the numbers on broward county
    3
  34656.  @MichaelBordenaro  yay! Thanks Michael!
    3
  34657. You missing a few facts of the mobile home story, but overall you got it right and it was a good video.
    3
  34658. Most EV owners are homecharging , in florida isn't a bad deal with lower prices on the model 3 at least
    3
  34659. I paid $12,000 off my credit card this week.
    3
  34660. Absolutely!
    3
  34661. First of all. I love the content on this channel. It’s reassuring of what makes sense in these crazy times. As for the mobile home business, it has 2 sides of it There is the business of manufacturing these homes and this I believe is lucrative especially with the insane unaffordability of regular homes right now. And there is the land rentals and this one is not very promising and attempts to capitalize over consumers who are already struggling. I know it doesn’t break the law, but it’s just disgusting to attempt to squeeze people out of every penny they need to live like that
    3
  34662. Hi Michael ❤
    3
  34663. All the crypto millionaires are now frequenting the bars in collier county, like the one in ace ventura
    3
  34664. 👍🏼
    3
  34665. How will crypto & tech empower transformation for better or worse in Miami?
    3
  34666. Another GREAT Video !!....You know, Michael.....when you think about it the unit is really renting at $2100 net of hoa.....Terrific views and analysis. Thank you for the 7 min. vacation!
    3
  34667. Love the video! I live in PCB and you're video on PCB brought me here. Great information and I love the channel
    3
  34668. Great video. No fluff, no clickbait
    3
  34669. Hello 911 don Johnson is walking around in his tank top and underwear filming my 15 million dollar mansion again
    3
  34670. Florida home vslues.....to the moon!!
    3
  34671. Your killing me 😪😓
    3
  34672. That's right. Part of the Big Lie is things like changing how cpi is calculated. The people who won Capitalism are consolidating their winnings now.
    3
  34673. I'm buying a patch of land and building a cob home.
    3
  34674. I wouldn't fire you man lol.
    3
  34675. Looking forward to your pros and cons video 😁
    3
  34676. Great video, well said👍🏾
    3
  34677. I think I going to start a flipping biz
    3
  34678. Me too!!
    3
  34679. California just approved new stimulus. The new model for Socialism. We will all take massive losses , increased taxes and inflation until we are dependent on the government. I'm hoping someone in politics can rescue America cause what happens in Ca gets rolled out to the country.
    3
  34680. Forever.
    3
  34681. Fabulous concept plus beach 🏖 tips. Can’t wait to see your views for Las Olas... 🙏🏽😊
    3
  34682. House for rent at beginning of video currently has homestead exemption. Property tax of $4256 will more than triple next year if the house is rented and it gets assessed at market value. That 70 year old house probably cost $10000 new.
    3
  34683. Congratulations on the feature!!
    3
  34684. Florida is definitely overvalued with low job outlooks and being that it’s a tourist and retirement state and the jobs are mostly in services and of low wage. I have family members that are working at Universal and Disney and they are currently making less than $10 per hour and that’s no way anyone can afford the rent much less owning a house. My guess is that the buyers that are buying these overpriced homes are mostly make up of retired people who have great pension and lots of money to spend on their retirement home.
    3
  34685. I was wondering (when the video first started) if you knew there was someone walking close to you 😂
    3
  34686. Hey Michael, have you ever seen Casey Neistat’s vlog?
    3
  34687. Congrats on three years of high quality videos. Look forward to your help when the time is right.
    3
  34688. Great advice as always Michael. I've decided to list my home in a month or two. Was here in Florida during the last crash and do not wish to revisit it. Of course as you stated prices may just correct gradually and not crash, however, don't wish to be left holding the bag. If our nation goes into a bad recession people will lose jobs and it will get ugly. If not then I forsee a correction as inventory increases and interest rates rise.
    3
  34689. I did exactly that in 2006 right before the housing market imploded. I sold my condo pretty much at the peak of the market and rented until the market crashed and I was able to buy my dream home in 2010 at 35% discount. Realtors told me I was crazy.
    3
  34690. How can a corporation loose money in peoples 401k’s & still pay out millions in bonuses???…..make that make sense!….sounds like those folks @ Jackson State with ticket sales and money collected in the treasury 😳😳….folks are stealing some where!!!
    3
  34691. Love your videos!!! Trying to get caught up. I'm way behind lol We'll finally be mostly in Florida after 11/5!!! 🤞
    3
  34692. you are in a nice neighborhood, I love the palm trees as we were getting freezing rain at 3 AM.
    3
  34693. Nice info. We’re doing the same thing, staying a week in each place. I switched to vrbo because airbnb now wants all kinds of id that I don’t want to share with them. Renting a home is the way to go in my book.
    3
  34694. Well, I've been single for 42 years and now I have a boyfriend, soon to be fiance, that lives in Shalimar, Florida. I have been in Austin, Texas for 20 years now and I'm ready to leave? I've been in hotter weather being in Central Texas so I roll my eyes at "it's so hot here" argument. I have a work from home job I get to take with me. Just saving up that $1200 I need to use an uShip Pod and I'm outta here.
    3
  34695. All that money spent on firearms lmfaooo
    3
  34696. More content faster aproach !!
    3
  34697. You are living in paradise! Only a true artist can put together a video as nice as this. Merry Christmas Michael!
    3
  34698. Hi, we would like to write to you, is there an email we can reach you? thanks
    3
  34699. i found it, thanks
    3
  34700. Buyers didn't disappear. The market just moved too far away from reality. Supply and demand imbalanced created by the Federal Reserve and Gov't now needs to be corrected. In no world where no true economic gain has occurred should the prices rise on real estate on a global level as it did over the past 30 months. Inflation is cruel & evil and is a form of theft just as with taxes. Thanks for the vids, great content.
    3
  34701. Why are banks not giving more or higher interest for savings? Banks do not encourage people to save money at all.
    3
  34702. The weaponization of the judicial system. When we lose justice in this country, we lose everything!
    3
  34703. Thanks for another great video. I enjoyed the info on Culvers, we love burgers. We have sampled burgers in each city we go to. It is nice to get the vibes of Stuart, Jenson, and Melbourne from you. It was good to know that parking becomes free away from Miami. That is one of the down falls I have heard around south Florida, is the parking at the beaches is insanely difficult at times. I bet you cherished the quiet. The art fish out of shells was very creative and worth the video. We love art and nature. Seeing the dunes and nature was way cool. Also thanks for giving the approximate time from Miami to Melbourne. Looking forward to more videos from the trip. Hopefully the trip has recharged your batteries and showcased the reasons you love where you currently live and inspire you to make the best of your life where ever you end up.
    3
  34704. Enjoy your trip Michael and Lisi. Thx for everything you do.
    3
  34705. Yea, I just love the views of the SMOG! Can you not see that layer of smog out there Michael? LOL
    3
  34706. landlords are taking advantage like some people did during the pandemic ( rent moratorium). What goes around comes around
    3
  34707. I do not believe in "equity". It is not money until you sell the dump. A massive price drop is good for me because it lowers property values and therefore I can fight to get my taxes lowered. Less property tax = more disposable income! If I do sell my home I can buy another at a low price and in the end I win twice over! Ideally I dump the house to a sucker moving to Florida and use the money to buy agricultural property. Ag means low taxes and it is a real asset that pays you to own it!
    3
  34708. Hey Michael, another question for you. Again considering moving to central Florida. I watched your video regarding sink holes. I knew about them beforehand, and learned more from your video. Thanks. They really are a cause for anxiety. Should we really be concerned?
    3
  34709. Michael where's Duawille hotel ? Is down?
    3
  34710. Should do Naples
    3
  34711. Hey Michael - you've got the Y-chairs designed by the Danish architect, Hans J. Wegner. Good taste in Danish furniture classics 🙂
    3
  34712. Congratulations! Great coverage on the news! ♥️
    3
  34713. Peter Schiff said that the Fed wont let the banks fail your money is safe in the bank. They have a printing press and are not afraid to use it. The value of the money now thats a different story... I agree with Schiff on this.
    3
  34714. Do you have any advice based on age group? Like where do you think a hot spot would be for millennials to move to be around other millennials/young professionals? I ask this because I always hear about areas where it’s mostly older retired couples.
    3
  34715. You're basically just renting at that point.
    3
  34716. The real reason they want housing prices to go down, is they want people to have more money in their pocket to spend in other sectors of the economy
    3
  34717. Love your videos ❤❤❤
    3
  34718. Hi dear ! How much property tax in Florida?
    3
  34719. Hey man, thanks so much for your videos! I'm a 20 year old entrepreneur and I want to move to Florida. What do you think would be the most fun areas with the best social life for me?
    3
  34720.  @MichaelBordenaro  Do you mind if I ask which specific areas within Orlando and Miami you would recommend? I'm thinking between those 2.
    3
  34721. Good luck to everyone in Florida Hope you're all ok
    3
  34722. I’ve usually lived in college towns, so Gainesville would be of interest to me.
    3
  34723. Don't need to spend money on jackets, coats and heaters living in Florida.
    3
  34724. expect the numbers to be "Skewed" and talk to as many people in your area as you can !
    3
  34725. Thank you for all of the information. It gives me hope for everyone looking for affordable housing.
    3
  34726. Definitely CUTstudent loan forgiveness
    3
  34727. You should bring your wife with you more often. Definitely improves the scenery.
    3
  34728. Please differentiate between Core inflation (ex. Food, oil) and CPI. Second, FED is using term "expected inflation" - it's around 5% this year, and 2% by end of 2023. So, another 2 hikes of 75bps and fed is done. By 6.5% mortgage rates ALREADY pricing FED hikes and selling MBS - target fed rate of 3.5 plus Banks prime rate of 3 = 6.5% mortgage. So, there will be good RE deals in 2023 as some desperate sellers will fight for few buyers. But not for long untill FED starts stimulus to pump economy again. Just my 5 cents, sorry
    3
  34729. california is the best state in the nation but we have the worst goverment which for some out weigh the good
    3
  34730. Fed got us into this mess by printing all that "free" Covid money under Grifter Joe's direction. Too much money chasing too few goods. Always consequences.
    3
  34731. Moving to that hood bro Luv it Best lifestyle at your doorstep excellent vlog
    3
  34732. Before you send and money always call the people you Ben dealing with to get the information from them and the right numbers
    3
  34733. IF makes you feel so alert and does make you lose weight . I had followed it and had so much more energy !! My hospital work schedule made it hard to wait till afternoon to eat . I would eat between 2 and 6. Honestly after the first few weeks and getting used to the routine , I never felt hungry...
    3
  34734. I knew this was coming
    3
  34735.  @MichaelBordenaro  you are so right! You are awesome .
    3
  34736. Welcome to Manhattan Beach, Michael. My office is up the street on Rosecrans.
    3
  34737. Anyone with a Canon R5 should not move to Florida because the camera will overheat and be unusable.
    3
  34738. I don’t see how anyone could reelect this current administration back in office at the end of the year seeing how bad the economy has declined in the last 3 years.
    3
  34739. Seems legit, 1% is very low and people do need insurance.
    3
  34740. Hey Lizzie
    3
  34741. I enjoy all of your content. You are a favorite channel! 7 years to go for me and I wìll be there in Florida❤
    3
  34742. Here is my advice to all the workers out there. Never work more than 30 hour a week. By the time you go over that, you are wasting rent. The point of work is to live in the house, not at your desk. You be burned out and away from home so much where dishes pile up, and it smells like shit. Rule of thumb is to try the 60/40 ratio. You work 40% of the time your awake, and you utilize 60% of your wake time occupying your residence. That gives you the freedom to enjoy the things you are paying for.
    3
  34743.  @MichaelBordenaro  Definately!
    3
  34744. The turnover of property managers was appalling. I witnessed the aftermath of 2008. I got in my condo for 1/3 of my sellers' purchase price... He bought at $240,000. I got in for $82000. Then, with so many empty units in the community, investors came. Rented them cheaply. That ain't happening this time around.
    3
  34745. There are also a lot of buy vs rent calculators online
    3
  34746. Good video
    3
  34747. By the way nice beer choice jai alai
    3
  34748. Silly. Crime stats for a state or city are meaningless as far as I've ever seen. Look at the block resolution. I live in a nice area and 1 mile away is high crime.
    3
  34749. Your videos are excellent! And your predictions correct the lion's share of the time, which is hard to do.
    3
  34750. I lived in Tokyo for a while and elevators aren't really a big thing there, especially for apartments. My legs looked great after a couple months 😂
    3
  34751. This sounds SO STRESSFUL with checks... omg I never even realized it was this brutal ;_;
    3
  34752. What would be your advice for someone out of college that has a 200k to spend on a home. Of course I am young and I want to vibe with people my age, but I am more interested in finding a place where employment opportunities are vast in the business segment. I am considering wpb, Fort Lauderdale and Miami what’s your take on it?
    3
  34753. Michael Bordenaro I personally only need one bedroom but if I’m able to get a 2-3 bed home in one of those 3 cities I would be inclined in renting out each room to decrease my net cost of living. Do you think its feasible ? If so in what areas would that work the best?
    3
  34754. That's every Home Depot and Lowes
    3
  34755. House of cards ready to fall.
    3
  34756. the wages of working class people measured in the amount of real estate,you can buy are down in value by 30 to 40 percent in just two year (2019/2020). One of many phenomena fueling the rise in house prices: we "boomers" had a lot of money in our bank accounts. The turmoil in the stock market caused many of us to leave it. -declining value for money, - making it easier to buy and sell real estate (thanks Zillow), - municipal bureaucracy that deterred home builders, the result : we all found ourselves "real estate investors"!
    3
  34757. How expensive are condo's nearbeach?
    3
  34758. Neither. Ship me off to Florida 😉 Can't beat the scenery in California though...
    3
  34759. If a developer is giving you 2X the market value for your condo, thank him and rent until the market corrects.
    3
  34760. We have two offers on our house both of which are good but have contingencies we aren’t willing to accept. We called best and highest for tomorrow. Should our realtor reach out to another agent who expressed high interest from his buyer who would be back in town tomorrow and asked to be kept abreast of offers or deadlines. He thinks we should not but I can’t understand what we would have to lose.
    3
  34761. Yay 🎈
    3
  34762. I was curious to find out if there are any major Convenience Store chains in Florida, as I will be traveling down there in May. I know we have Kwik Trip here in Wisconsin, as well as Casey’s General Store.
    3
  34763. Beautiful
    3
  34764. YES. Govmt should take action. However they only exist to support rich and powerful. The idea they would serve the people is unfortunately just a fairy tale
    3
  34765. Go on a boating trip up the Delta and film the houses along the way. They have island bars where the only access is by boat
    3
  34766. I hope you be ok from the bad weather coming there this weekend.
    3
  34767. Well, that is good. At least the storm may not hit Miami at full force.
    3
  34768. Very nice video thank you
    3
  34769. So glad to see another Youtuber say this I just posted this same message to specifically YT creators on our channel last week. In today's society "chasing the dream" and "hustling" is put on such a pedestal that slowing down to really live life and appreciate the moments that pass by far to quickly is frowned upon. We would be so much better off to learn to unplug and recharge!
    3
  34770.  @MichaelBordenaro  seems to resonate with so many.
    3
  34771. Looking to move to apartment looks like most 2 bed 2 bath all around 1400to 1600
    3
  34772. Congrats on the condo! Guess wont be seeing you in SW FL ! In this market you need to jump on any opportunity you can get.
    3
  34773. Imagine if all the units were filled. Traffic would be a nightmare.
    3
  34774. A live stream would be so cool! Would love to see it
    3
  34775. I smashed that like button at 999. Now at 1k. Keep up the good work. Enjoy vids
    3
  34776. wow with the sea rising I bet all the buildings are going to start falling down
    3
  34777.  @MichaelBordenaro  maybe the Sea is only rising where this one Condo is.
    3
  34778. Your awesome brother. I never miss an episode. 😂 Dan from NY
    3
  34779. Sigh the market is efficient as in they try to predict and price in the future. If the FED says they will require 6 times, they will provide that in a day. This is called jaw-boning a practice popularized by Alan Greenspan.
    3
  34780. MICHEAL...WE ARE WORST THAN 2008 RECESSION!...WE ARE NOW IN AT A PRE DEPRESSION STAGE!!! ...THE VERY REASON I DOWNSIZED MY LIFE AND LIVE SIMPLE
    3
  34781. I think you are right.
    3
  34782. I know that location and it's for rich people, it's never been affordable. IF YOU HAVE MONEY THAT'S WHERE YOU WANT TO LIVE, NOT FOR MIDDLE CLASS OR POOR PEOPLE. MIAMI is a bit tricky, one block away from me homes are worth 200k more.
    3
  34783. How do they know when they are at 949$. Do they stand there and calculate the total then leave or do the cashiers do it.
    3
  34784. It's not the heat it's the humidity!! Sothern just hits harder
    3
  34785. Follow the yellow brick road
    3
  34786. have u ever visited Captiva?
    3
  34787.  @MichaelBordenaro  Lmaoo yea I went there on vacation a couple years ago really really nice area.
    3
  34788. I am looking forward to seeing your next trip. Until then, have fun.
    3
  34789. I'm over trying to be on a normal schedule. It's crushing me. I need to let myself get back to a later schedule. Thanks for this video. Not enough actual pro night owl content on YT.
    3
  34790. Don’t ever use the word crash.
    3
  34791. I'm thinking winter park florida
    3
  34792. So pretty. Thanks for sharing with us 👍
    3
  34793. How did you decide Miami was the place in Florida for you to move to vs any other place in Florida at the time you moved to Florida ?
    3
  34794.  @MichaelBordenaro  I think is just about what's going on un the world everyone is looking videos about Covid, New World Order, Deep State, elections, corruption and such. Your videos help me to disconect !!!😅😉
    3
  34795. Once the prices are flattened out can you give me 20 years to save for the down payment
    3
  34796. GREETINGS MICHAEL ❤
    3
  34797. We live in the W section and love our neighborhood. Moved from Southern California, and would don't a hundred times over! Don't have to plan trips around high traffic times, which basically gives you 2 hours out of the day to not hit a ton of traffic! Kids are grown, love it here!
    3
  34798. Pine lakes is a lot closer than 15 minutes from anything. If you're walking maybe.
    3
  34799. Another dead on by Michael. I never bought properties for rent. Should ah would ah could of, but I didn’t. I did live well below my means. That was what probably helped me. I bought a row home in an established city neighbourhood. It was not all that pleasant as the area was at the end of it’s life cycle and less than best quality people started to live in the area. I had a place for 10 years which gave me the time to save for a new area just coming into it’s own. I think real-estate can offer some protection against inflation. I prefer the word currency devaluation. The definition of money is as follows: A medium of exchange. Our money meets that criteria. A store of value, not so much these days. A unit of measure. Nothing intrinsic about a cash. It only works because people think it is real. I am amazed how long people consider it real. I hope it holds.
    3
  34800. I liked this video when you talked about credit card debt. It really made me think. Sure people are going to use “buy now”-“pay later” for the holidays. And even after the holidays are over, I believe many will continue. Because many will not be able to make any pay back payments. So with that added loss in the credit card- bank lending, it’s adding more national debt. This will only expedite the falling economy even faster. Not surprised at all prisoners are asking to stay longer incarcerated. I’d rather be in jail than on the streets with the drug using homeless, the trash filled human waste, rats , diseases,Mentally unstable people, plus out doors in the cold,rain,and horrific heat. It’s a no-brainer to me as a women. With all that said, prison sounds more clean, organized and safer. And it’s free!
    3
  34801. here is a fun fact. silver will probably be 1k after reset. you can buy a 1k oz bar for 26k and under. 26k to 1million is pretty good investment. dont buy a car, buy 1k oz bar of silver.
    3
  34802. I think a read somewhere the 2025 FL condo law only applies to condos greater than three floors in height, but now I can't find those details on-line.
    3
  34803. Great video, remember everything in perspective. I for one have had a very difficult time this year but I know that I am not the only one. Everybody has had a hard time in one way or another. That said I have never had a lot of money and probably won’t. But I know this and that is that money does not always buy happiness. Yes it makes things more comfortable sometimes. But moneyIs not the end-all and be-all. If you have your health and your family you are doing well. Some do not have either of those right now.
    3
  34804. HI Michael, where did you see that poll? (people who moved to FL, and have remorse etc?) I moved here 4 1/2 + years now, and I must tell you, first time, was ok, was not thinking about this been a YoY problem. Every year is the panic that the news people create, and then stress, is it going to hit or not where we live. I am interested in reading the poll and the actual question/answer and what are they based on? The main reasons I want to move out of Miami, are, as follows: People are not very nice ( Of course they are always exceptions) other reasons been the Hurricanes every year and last reason the heat and humidity in the summer. For now I am staying put, as I hate Newsom changes in CA government, at list we have a great Governor in Florida. I am dreading that this loser (Newsom) at one point gets elected President.
    3
  34805. Have you talked to your relative who moved to Port Charlotte? Cape Coral seems nice and affordable. Is there anywhere in the Miami area that would be affordable for you guys?
    3
  34806. Facts right here 👍🏽
    3
  34807. Car market in Phoenix is already crashing. They still have 2022 cars they can't get rid of because of the high prices they are still asking. Repos and voluntary repossessions are up, and so are car insurance premiums. Used car lots are full also because they haven't figured out people just don't have the money they used to have. No one has gotten a raise in years. Laissez-faire capitalism isn't going to work at this point at all.
    3
  34808. Hi Michael, We are planning on visiting Clearwater/ St. Petersburg during Christmas break. Are there any fun things to do in that area, apart from beaches?
    3
  34809. Thank you. My boys would love it.
    3
  34810. How busy is FL now with Spring Break?
    3
  34811. Yes do more of these dash cam videos. I really enjoyed it. Thanks
    3
  34812. Why do you think foreclosures a going to be a deal ? Banks will list a foreclosure for market value right ? Or is it just because more properties will come to the market ?
    3
  34813. Michael is the best! Travis on the other hand, just kinda cool. But I think we can all agree that housing is going to the moon! Buy now!
    3
  34814. I'll take that as a victory 😂🤙
    3
  34815. 👍🏻
    3
  34816. Okay, I've watched solid for 2 days. This park and the area in general, proximate to the wealthiest zip code in the U.S.A. and abundance of fine dining, looks to be where we'll want to spend a week after Christmas and scope out our options.
    3
  34817. Nice tour !
    3
  34818. The Fed will continue to raise rates until inflation is fully contained. A huge wild card will be oil prices. Any increase will force tightening.
    3
  34819. I noticed that even in June, I wanted to sit outside all day and this is coming from CA where even on a nice day I spend a lot of time inside. Not sure what it is about the air there. I just want to be in it as much as I can.
    3
  34820. cut defense (war department) and go after price gauging, funny how things ballooned in cost when they have no competition and you cornered death making market
    3
  34821. There’s a YouTuber named “Ben Grieco” that’s totally copying your YouTube format 😂😂…sunglasses and all to the hilt….i thought I clicked on your video and realized it wasn’t you three minutes in…I guess imitation is the sincerest form of flattery eh?
    3
  34822. Homes here North of Phoenix under $400,000.00 now. And that's with a pool .
    3
  34823. I’m glad you are ok….but my heart is heavy for those who have lost family, friends, & loved ones. I moved to miami 26 years ago….. i have never heard of an incident like this happening since living here. one never knows what tomorrow will bring. I pray that we find more survivors & that the rescue teams come out unscathed. God bless
    3
  34824.  @MichaelBordenaro  Michael what you think about Bitcoin??? You got good entry!!!
    3
  34825. "They" don't want the lot rent, eventually, after this is recession/not recession over they'll build a condo, multiple family housing building and make double the lot rent 15 apartments across and 10 stories up, give or take.
    3
  34826. Typical simple condo unit...people overcharge for these units...sw Florida is a strange area...used to live there for 11 years.
    3
  34827. Some of the rules and HOA fees of single family houses can be almost as bad as living in a condominium high rise or townhouse type of condo. Gated communities are all over Florida and they are notorious for excessive rules or deed restrictions. You can only park certain types of vehicles in the driveway and only for a certain length of time. Grass must be maintained at a certain height, garage door has to be closed except for coming and going, etc. The worst one i ever heard about was at the development of Celebration in the Orlando area. Believe it or not, you can’t even store boxes or much else in your garage because they’re considered unsightly when the garage door is opened. In gated communities, typically the streets are private and have to be maintained by the owners $$$$. Also some communities have Community Development (CDD) fees in addition to HOA fees. Recommend educating yourself thoroughly and checking everything TEN times before you buy anything in Florida.
    3
  34828. Yeah thats too bad.
    3
  34829.  @MichaelBordenaro  I moved to FM 3 years ago from Dallas, which is prob why I don't mind the traffic and it feels like a small town. I love it here but there are lots of great places in FL.
    3
  34830. As usual I did enjoy your video. I agree with most things you said here, especially regarding rent control, which has even more negative consequences than you describe - such as lack of upkeep by landlords who have no incentive to invest when they get no return. However, when it comes to your sweeping negative generalization of the the Fed, I highly disagree with you. I won't go into the specifics of the US Fed, but just as you refer to actual experience with rent control cities, you should take a look at actual experience with countries where there is no independent central bank. In those countries, where the government decides interest rates and money flows economies are generally far worse, with extremely high inflation and weak currencies. Take a look at Turkey for example, but there are many other.
    3
  34831. Hi Mike I'm with Remax in NJ and exactly know what you are talking about I'm also I'm thinking if you don't want to get your broker license
    3
  34832.  @MichaelBordenaro  lol same with me I got my broker license and figured out it's too much work 🤣
    3
  34833. I am 63 and I to have "wasted" time and $$ on experiences over the past decades. but If I had the opportunity to do it all over again I would do it all again. Sure, there will be opportunity to make more $$ and grow your business, it is important to have a career and provide resources for you and family but experiences that will bring joy and good memories are also important and should be a priority. King Solomon said it best: "The only earthly good men and woman can look forward to is to eat and drink well and have a good time - compensation for the struggle for survival these few years God gives us on earth" Eclec 8:15 message
    3
  34834. The Continental Shelf off Florida is way too shallow to get big waves, plus they get an off shore wind. Those storm waves are a small day in San Diego. But thank you for the footage
    3
  34835. Luv the long vids
    3
  34836. Great video. Very informative as always. Thank you!
    3
  34837. Congratulations!!! Can’t wait to see the finished project.
    3
  34838. When you go to north Florida it’s very southern. For instance like Ocala, is very southern. But I guess you being from the Midwest it gives you a Midwestern feel.
    3
  34839. Awesome videos Michael! Thank you so much!
    3
  34840. I am not a real estate agent , but I am guessing the home for sale shown at 17:25 would be $650K to $750K in Cincinnati, where I live.
    3
  34841. Kewl. I thought you live in South Beach. You seem to be filming a lot in North Beach
    3
  34842. agree, and I enjoy knowing the value of my loans is less and less each month
    3
  34843. I think showing up in person would work fine if you live near your state tax office. The first thing they do is schedule your hearing during rush hour as far from your house as possible. If you want to pursue your complaint, you must drive to the office. Then, when you show up, they will drag their feet and tell you to return in two weeks... This will continue until you give up. Attempting to overload the assessor's office will not work because your appointment will be postponed forever.
    3
  34844. I've never been taught about money as far as investments amd I dont have a credit card. All my credit history is mainly a student loan that is almost paid off that I've had since 2009. I rent a house by myself in Jacksonville FL. Last year I got a job making 20k more than I previously earned i pay more taxes now as well. At the same time I got pre-approved to buy a house and then interest rates started climbing. I'm very grateful that I earn more but I feel like my money doesn't go as far as it should comparatively. How bad could things really get? I feel worried about the near to mid-term future, but also I hope as long as I don't spend frivolous and continue saving I should be ok right? I watch all these videos and I really enjoy the information you put out there, but I'm starting to think just saving money isn't enough.
    3
  34845. Thanks for your video. Still hoping to buy a waterfront condo again when the market adjusts lower. Maybe by mid 2023?
    3
  34846. Michael I was watching this reventure Consulting guy on YouTube talking about Homes purchased by investors across the country. He mentioned Sarasota where something like one out of every three homes is an investment property from the mega rich
    3
  34847. A surprising move Mike! Congrats!
    3
  34848. Thanks Michael 👍
    3
  34849. Hahah ikr
    3
  34850. I’m looking forward to your summer road trip! I’m curious what real estate prices are like in different parts of the country and what type of home you get for the money you spend
    3
  34851. I’ve been saying this for years!?! 😊 “What the Fed giveth, the Fed taketh” 😢 Sell owner finance using your 3.5% low 30yr fix rate mortgage and cash flow in retirement with your house secured by collateral and no pension reliance. 🎉
    3
  34852. ...got the smallest house in the neighborhood {no attic or basement} mortgage payment fully paid same with the two cars...debt free, off I travel anywhere ...to be happy LIVE SIMPLE🥀🥀
    3
  34853. For the last 15 years many cities like Austin have NO waiting list for affordable housing.
    3
  34854. 👍👍👍
    3
  34855. Another Great Video Michael. Lots of reasons to need to sell. Like fighting with your neighbors. LOL. Good to see your eyes today.
    3
  34856. Im in CA. single mom by choice of two babies. Can you show me around Miami in Feb? Tara
    3
  34857. Great video! I had never heard of Carrabelle either. “The Forgotten Coast!” Beautiful area! My sister snd her husband had a house on a canal down in that area. Very peaceful and quiet.
    3
  34858. Hello can you ever go LIVE to answer peoples questions
    3
  34859. Once a week plus we can donate money to you
    3
  34860. So so true and I couldn’t relate more ! When we are too comfortable it means one thing, we stopped growing. And even though the move doesn’t have to be immediate it’s ok to consider other options. Also. What was right for us in our 20’s doesn’t mean it is right for us in our 40’s. It’s ok to grow, move on and start another stage/chapter in life. I couldn’t be more comfortable where I am now but if you can do or have more, then why not?
    3
  34861. this is completely truth! I personally left behind my confidence when I moved to Canada. Here most of the year we get the cold weather and I noticed that is really bad influence because most of people don't care about their health or shape. This make me depressed I am working on to move to Florida ASAP ! I frequently ask my self why the ladies here go out on pijamas ? I cannot understand that, and if u are conserned about your life style u become The Weird person..
    3
  34862. You buy high with a high interest rate , and prices drop you can't refinace right ,because this is what a realtor told, buy then you can refinace.
    3
  34863. I just watched and commented on the prt one of your Ocala video and was so glad to find prt two and see that you discovered Tuskawilla park, its one of the best things about downtown Ocala. Ocala has recently tried to connect Tuskawilla park to downtown via the enhanced pedestrian walkways and road bike paths from the very nearby town square using the old railroad right of ways square and that's nice. For the last year plus I have been employed by a non profit working with a city/county partnership that cleans up litter in all of the Ocala city parks - we pick up litter as well as empty all of the trash cans every day. We use a van that holds 10 people and cover about 10 to 15 parks every day in four hours. We do this with massive hustle so one thing I didn't like was the idea that Ocala only has Tuskawilla Park - that and the downtown square were the only parks you happened upon but they are not the only parks that we clean up all week long.
    3
  34864. May I ask what products you’re using in your hair? I like it!
    3
  34865. You have no idea about isolation till you live there for a period of time. I had no idea even, not even the faintest clue until I lived there.
    3
  34866. In 1991, I made an unsuccessful $80K offer on a decent 2/2 condo in a small building on Pine Tree Drive close to where you're filming.
    3
  34867. It's great that you both are talking about these insane stats about the housing market. At this rate we're going, the Fed seemed set to drive our people out of this country. We're really in for a ride. Thanks for sharing this here!
    3
  34868. 🛎🛎This is the life! You make me want to move asap. Thanks for showing us this lifestyle. Life is for living!
    3
  34869. Your so Original!
    3
  34870. Yes…. Greed, greed and more greed ! Disgusting!
    3
  34871. Good one 🙈
    3
  34872. I commend you for being brave and taking a leap of faith n moving to Florida alone without family. You met your love n I’m happy for you. Eventually I will try to move to Florida with my family just waiting on a job transfer 👍🏽
    3
  34873. CTigger1280 Ctigger1280 That was nice of you to put those kind words. Best of luck to you and your family. We know you guys will be in Florida very soon. 🙏🙌😎
    3
  34874. Lisi The Dog Walker yes from your mouth to god’s ears we will be in Florida soon spreading the love and happiness with all the Floridians. Thank you.👍🏽
    3
  34875. Micheal, I love it 😀. Agree 👍. I am Gold physical 24k bars stacker from East world 🌎
    3
  34876. Pretty nice, I too agree with you, St.Augustin is better for me In my opinion.
    3
  34877. I agree. I think a cruise is the most relaxing vacation esp on a lower budget. It starts the second you get on board and everything is taken care of for you. You get to see many places while not doing any planning or work. We now skip the formal nights so we don't have to pack as much clothes - just one back pack each now and off we go!
    3
  34878. Can only imagine how things will be in 6 months.. anybody, what are your thoughts?
    3
  34879. Fantastic video, MICHAEL! Try to bump up these videos to a half hour or 45 minutes. The content is outstanding and I just rather see and hear more factual information❤ I would think anybody that reads this comment 99.9% would agree with me… OK OK 100%… Lol🙏☮️🇺🇸
    3
  34880. Sunday gravy or tomato sauce ?
    3
  34881. Been telling people this will be ugly for Florida housing market next decade as boomers die off. The average person moving here is still a retiree.
    3
  34882. I think a dashcam would be great! Especially when it's a hundred degrees and high humidity in the summer
    3
  34883. I discovered you a few months ago because I have interest in moving to Florida. Searched up stuff on YouTube about the state and your content has stuck with me. Now it all makes sense.. I 👀 that controller fellow PlayStationer 👍🏽
    3
  34884. Million dollar homes that cost $60k forty years ago when they were new.
    3
  34885. Good content thank you
    3
  34886. Michael check on margate fl let peoples know where the south still affordable. I live here and safe not too crazy
    3
  34887. Probably the best video you’ve put out yet. Everything you said was spot on. Thanks for another great one!
    3
  34888. VLOG about the right length...7-9 minutes. Interesting content. I understand the Coronavirus dies in cars with 140 degree temps. What if you rolled up the windows, used some moisture absorber, and just cooked that stuff. Anybody...does temp impact growth of mold if moisture is decreased? What makes people watch VLOGS is (1) interesting characters, (2) interesting dilemmas and (3) good presentation of content. Good start.
    3
  34889. Good morning Michael from Southern California! We have started packing for our great new adventure in Florida. As a fellow musician and music lover I am a little concerned about my CD and DVD collection. I had heard on YouTube a while back that in FL the information on the discs deteriorate quickly because of the humidity.. Is this true if they are stored in the house? Also, should I take any extra precautions storing my guitars - acoustic and electric? Here in CA I keep them in my apartment in their normal hard cases with no problems. Could you please advise re the guitars and the discs? I thought if anyone knows the answer to these questions it would be you. Thanks a million.
    3
  34890.  @MichaelBordenaro  Thanks Michael. That's a relief to me! Another thing checked off my anxiety list about moving, lol. Again, thanks for all your help and your great videos...Kathryn
    3
  34891. I sure wish thier was someone like you in the great state of michigan.....
    3
  34892. Hi Michael, I am planning on taking vacation with pre-teen kids for about 4-5 days living in a beach town, during Christmas. What place would you suggest? Clearwater, St Petersburg, Bradenton, St Pete, or other? The idea is to relax at the beach for a couple days as well as do some site seeing for 1-2 days.... Your feedback will be greatly appreciated.
    3
  34893. Anyone on this channel can provide your experiences and insights. Your input is appreciated.
    3
  34894.  @MichaelBordenaro  Thank you!! You are awesome 🥰
    3
  34895. Yes!! Welcome to Rockville is having Metallica 2 nights in a row and it's in November I think 11-13 or somewhere close to that. It is going to be awesome. Check out some of the other bands that will be there also. You should try to make it up. I'm going and would love to meet you an lizzy for a drink if you come to the show.
    3
  34896. They're putting out the deals early because they have excess inventory. They're looking out for themselves.
    3
  34897. Luving your new video, it reminds me of the tiny homes built in Oakland California a few years ago for the homeless. Saint Augustine has gotten so expensive for housing I not only had to find a place in Palm Coast and now looking for a beachfront at Ormond beach. Jacksonville and Daytona is far more affordable on the beach compared to Saint Augustine
    3
  34898. I am planing to move to Destin area, I went there ones, long time ago, what do you think about that area?
    3
  34899. THE, best summer time video of Breckenridge, CO. I've seen yet. Thanks...
    3
  34900. Congrats on 71K subs!!
    3
  34901. @11:45 "good pick up" the 2 year closed over 4.8% - EWWW...bad things a coming
    3
  34902. Hi Michael. I discovered your channel about 1 week ago and really enjoy the content of your videos. Originally from the Midwest, I have lived in the Mtn.West for nearly 20 years now. I am considering moving to Florida near the beach. I was curious to know as a possible home owner, what precautionary preparation is standard in the event of an evacuation? For example: Do homes come standard with these so called Hurricane shutters, and what type of expense or work is involved in preparation of a storm? Also, where does someone relocate, during a storm, and are their abundant free shelters in place or is it up to me to book a hotel somewhere? Anything else I should keep in mind or consider during the event. Perhaps this could be your next YT video. Lol. That also makes me wonder how much more home owners insurance is there? Thanks again!
    3
  34903. Pay your debt.
    3
  34904. Ok, I have not been to the beach in the video but I'm thinking high tide has much to do with what you are seeing. Like in Daytona where you can drive on the beach at low tide but during high tide much of the beach disappears. Just a thought. Either way, I'll stick with Florida beaches and be happy. Side note.. I like Virginia Beach very much. Not comparing, just showing VB some love.
    3
  34905. Michael once again YOU ARE AWESOME MAN. Spot on in everything! What an amazing video!!!
    3
  34906. Glad you both like California, I live an hour south of LA and love it. Enjoy your trip! Thanks for your video,s.
    3
  34907. Great topic
    3
  34908. You are so right l just brought one for $40k cash 2 months ago for my mother n law and my sis wanted to buy one due to rent hikes from the LL and the same homes are now listed $195-$210 for the same unit l just paid $39,900.00 a couple months ago. Wow
    3
  34909.  @MichaelBordenaro  Yes its unbelievable!! I was shocked and the lots fee’s are $1200 in this community so it’s expensive
    3
  34910.  @MichaelBordenaro  GREED.......one of the Seven Deadly Sins
    3
  34911. I'm amazed how much people are contributing to their 401k every month... Ryan was at $2,400? On a 108k Salary that is like 3 times too much! Put in as much as your company matches and not a cent more. Not a cent. 401k Blends have no competition (they're shit, with no incentive for management) and have guaranteed customers - they're the "DMVs" of the stock market. It's imperative people diversify into Currencies and Money, real money: Gold, Silver, Bitcoin, Ethereum, Land or Real Estate, those are all more important to own "some amount of" before contributing above what your employer matches to your 401k. Love the channel, love yall, on the cusp of Gen X and Millenials myself.
    3
  34912. Thank you for sharing your childhood neighborhood videos but I love Miami Florida 💯% lifestyle better.
    3
  34913. Real Estate people see everything.
    3
  34914. It most certainly is a reason to be concerned. What a scam FICO scores are!
    3
  34915. Same crap happening in the Chicago suburbs.
    3
  34916. I swear I've seen this video before, like a year ago? When you showed the bookcase thing I had to check the upload date. Something is strange in the neighborhood.
    3
  34917.  @MichaelBordenaro  Thank you for clearing that up, lol ! Glad you are back and had a blast!
    3
  34918. Check out New Mexico. Albuquerque has the highest property taxes in the state but are less than Florida’s. Also there is a 3 percent property tax rate increase cap regardless if you live in the property….for now. There is a bill floating around to exclude that cap if it is not your primary residence. Regards to Illinois…hell no! Chitown keeps passing the buck to the rest of the state jacking up property taxes so bad it is up there with my born in state NJ.
    3
  34919. I consider myself so fortunate when I moved to California in 2016, in that there was no HOA. Realistically, it probably saves me around $500 per month, but, when considering cost over time, it's like taking $1000 off of your monthly payment over the length of a loan. I came from a house in Michigan, that I was on the board of the HOA. We kept the HOA fees low, but, there is always the threat of a special assessment, such as when the contractor leaves lots of cracks in the streets.
    3
  34920. cool video
    3
  34921. how is the flooding situation in Key Biscayne compared to Miami Beach?
    3
  34922. Am I crazy or is the grass in Florida way different? It looks more neon green, thicker, less blades per inch. Its also harder and not as soft as in the north. Its basically thick Astroturf looking stuff. Why is the grass different?
    3
  34923. Its a game of chicken with people and leverage. The people will flinch. Much of that leverage was handicapped with forbearance and stimulus. The fed will not go Venezuela. The Fed’s experiment is over. No more easy money. New owners on many assets soon. Hard assets like real estate will not vanish when the borrows default/ go bankrupt. I do feel horrible for many of these renters and potential first time buyers lately. Hang in there and stack that cash folks.
    3
  34924. And also the people that are working from home blood houses way out somewhere working at home now they're being either called back for the office which is miles and miles and miles away or they're getting laid off. what about the people that didn't get free loans for college that didn't have a chance for free money like this they should be subsidized like most senior citizens college loans should be paid back you have to be careful walking through those desolent deserted forests you should be caring some bear spray or something for the wild squirrels. how about some videos sitting by a marina Not even walking around Getting some nice videos from The beach.
    3
  34925. There is a reason why most people who win the lotto go broke.
    3
  34926. Me and my husband both have bachelors (I have a Master's degree) and we both make 46k. We live in Fl. We are both millennials. I have no idea what "average" millennial makes 85k a year.
    3
  34927. Funny how you are completely ignoring hurricanes and floods. Your list looks more like a tourist list. I like your channel though.
    3
  34928. Some of the HOAs where I live are absolutely nuts. We have a LOT of towing in my community. The truck is in here at least twice a day. For me, it doesn't matter, we have no issue with parking and the like. But for some, it can be an issue.
    3
  34929. What about flood insurance ?
    3
  34930. You are awesome and your channel is very inspiring! Just keep going and ignore the naysayers :)
    3
  34931. I always rent, when i go to Florida in Winter, not worthed to buy a property, you didn't talk about the outrageous condo fees too, for condo owners.
    3
  34932. everything is an illusion but the numbers are true ! jajajajajaj
    3
  34933. I don't think it's just them. I think it's the Chinese, middle east, Asian buyers. these people have serious money and every monthly rent payment that is made is getting sucked out of the country. A lot of U.S bond buyers stopped buying our debt and switched to real assets.
    3
  34934. 🤔 Cost of Gas, food, Natural gas, Property taxes, rent etc. Increased way to much. Everything increased accept our paychecks. What do they expect?
    3
  34935.  @MichaelBordenaro  Lmao! I know it freaks you out when you come across someone who thinks and says stuff as if it was you. It's mind blowing because we're few and far between or on the rare side of the spectrum. It's very uplifting or refreshing when you cross paths or posts with people who feel the same.
    3
  34936. When does a recession become a depression? Answer: When the currency itself crashes. Incoming!!!!!!!!!!!!!!!!!
    3
  34937. doesn't it feel weird to be 3000 miles from home?....great video
    3
  34938. I just don't see how living on $45 000 (average for FL) a year you can afford a Million or 2 million dollar home in Florida.
    3
  34939. I live in the netherlands and i have a brother in Port Saint Lucie Florida.
    3
  34940. Next time you visit the Villages let me know Robin and I will buy you a drink. All you need to stay at the Waterfront is money.
    3
  34941. Have you considered neighborhoods just outside of the major cities and tourist areas? I have found that each area is unique with a different vibe/feel. It was important for me to choose an area that felt like "home" and not a never-ending vacation. However, it is nice to live close enough to all the attractions and beaches to take a day "vacation" and return "home" in the evening.
    3
  34942. You are the only voice of reason in a sea of lunacy.
    3
  34943. I live on the Texas coast on the beach I only wanna move to Florida for better fishing that’s it
    3
  34944.  @MichaelBordenaro  what’s the best city for beach fishing in Florida
    3
  34945. Thanks for these awesome videos! I’m from Wisconsin and looking to also move right by the beach!
    3
  34946. Reality my portfolio is at or above before downturn. Great returns last year. Now we have higher cd rates. nice.. I live on cds dividends ss and a retirement. I never touch ira or managed portfolio. My cds allow the portfolio not to be touched dont need it. even in a down market.cds cushion and allow me to live nicely. No debt, 3 cars fully maintained I rent too. why rent allows me to invest more. works for me. I manage property they leave rent low.
    3
  34947. @michael,I heard issue getting gas and diesel for 5 days now in so Florida. Do you know anything about this?
    3
  34948. Great video, Michael! So refreshing to see that some deals can still be found!
    3
  34949. Thank you for the video Michael, I found you through Moving to Florida videos early during lockdown. And I think you make awesome videos! Happy Thanksgiving!
    3
  34950. Recession! 🤫No worries! If you live in your mansion in Miami by the ocean! On the other hand if you are a local who is pay check to pay check you will be forced to move out! No more living on the beach for you! The new frontier has been discovered by the world investors who are not afraid of hurricanes, floods or bugs! Just like Michael said “ every one and their mothers want to go to Florida ! Lol! No worries for Florida ! 😉
    3
  34951. America is broken
    3
  34952. Some people want a small place, and I beat some people would be happy living in a tent. As one way to handle this as well as some of the homelessness, that I wonder if it could work, is make something similar to a state park where people can go with little or no income. I had a friend who once had to live out of her car for a moment, and in some states if you get caught doing that, you go to jail. But something like a state park where you have a lot that you could rent by the day or month. Have a police or sheriff station sitting across from the bath house. The officers could patrol the place in a golf kart. A set of mailboxes set up in the same building of the police station. That way, people who are down on their luck or just want to live a very minimal lifestyle could have a place to go. Now there are probably other concerns and things I am not aware off but would like to see something similar to that.
    3
  34953. Ah the government getting involved in trying to regulate rents and giving money out to help people with rents, a receipt to an even bigger crisis. The government was a big reason we are in this mess, the more it meddles the worse it gets.
    3
  34954. The thing is life events are why most homes go into foreclosure. If you dig into foreclosure data you'll find divorce, medical, death, and job loss to be the main drivers. However, traditional mortgage underwriting really cannot predict any of those factors above. It is easy to be critical, but if you are lending money and trying to reduce your risk, you will use whatever tools are available. I suspect though the legality of using some of that information will be challenged in court.
    3
  34955.  @MichaelBordenaro  I understand.
    3
  34956. No Lisi so must skip the video today lol
    3
  34957. Michael, I get a lot of calls from investors to buy my house, I'm thinking , I could sell now to maximize profit and ask them to lease it back to me for 2-3 yrs so if and when the market crashes, I can take advantage of a better purchase price. what's your thought on this strategy?
    3
  34958. Of course prices are going up , we have been waiting for this since 2008 , life on the daily ant farm is getting really expensive , especially after the elites have been spraying us with RAID the last 2 years and some don’t want to be sprayed and stay home
    3
  34959. BINGO!
    3
  34960. Anyone with a lick of common sense knows what you’re saying is true and that we’re going to have to pay the piper.
    3
  34961. 2008 The workforce was extremely vulnerable. Today, the demand for labor is much stronger. When you hear of layoffs, they are not laying off weak unskilled people, these are white collar extremely high income workers being let go. Those people can go 6 months to a year without work, and not even sweat it. My last memory from 2008, go into a condo building and see a tree of lockboxes, basically, a realtor trying to move every single unit in the building. That's when the crash is here. But you won't see pain unless you see job losses, and not just at the big non-profit tech companies like Twiiter or Snapchat. Remember, the Big 3 auto companies needed bailouts. That's a crash that cost people the ability to pay mortgages. Not like today.
    3
  34962. It's not Florida any longer, it Califlorida.
    3
  34963.  @MichaelBordenaro  but they wouldn't be Michael Bordenaro. He he
    3
  34964. I'm in Fleming Island FL (Jax area) under all kinds of watches and warnings from Ian. Should flood really bad 😅
    3
  34965. We hav lived all over in Florida & disagree w you on sm places u put on here! Especially f hving a young family...Maybe the places u added f smone single or young w no children...For nice areas & not so expensive to lived & less crime rate & Job's around in Fl. would be: On (West Coast)~ Naples, Cape Coral, Venice, Sarasota, Longboat key, Bradenton, Parrish, Ruskin, Apollo Beach, Then On (East Coast)~ Panhandle, Destin, Davie, Oakachoobee...These that I hav listed tho West & East Coast we hav lived & r the more dw to earth, less crime, for family lifestyles & r able to find wk & lived comfortably t afford to stay & lived We raised 2# daughters dw here...We also lived in West Palm way to expensive houses r price at 300.000 & over! Jus telling u the facts! No candy coating here...Tampa & Orlando way to much Crime & heavy Traffic!! If u want to lived a much simpler life these's areas r for u & FAMILY Trust me! Good luck on your moved if u want t become a Floridian! "We Welcome you" 🌞🌴🌊 & tk care!
    3
  34966. Thanks Michael for the video. You are in my neighborhood and rode my bike for many years on the trail you are walking.
    3
  34967. My daughter pays 6.50 in San Deigo.
    3
  34968.  @MichaelBordenaro  agreed! I would also add that more people should consider buying a dual purpose property. One that they can live in and pays for its own mortgage. You never know if you’re going to get laid off in the next economic cycle. It’s happened to me twice over the last 20 years. I finally have properties that cover their own mortgage plus some, and it all started with buying a mixed use fourplex with an fha loan, 4% down borrowed from my 401k… there are a lot of options for people if they’ll get creative and don’t mind a little extra diy work on the weekends.
    3
  34969. Man... you have such a pleasant voice, Michael. I think I hit your vids as much for that as your shrewd and comprehensive analysis of Flo real estate conditions.
    3
  34970. There are restrictions on what you can do, but It is not an HOA. What you pay are "amenity fees".
    3
  34971. Hi Michael! What Covid restrictions are there in Miami? Are bars and clubs are open? Do people have to wear a face mask?
    3
  34972. Great content and nice transparency
    3
  34973. Florida is also much closer to South America if you frequently travel to Peru, Brazil, etc.. Plenty of non-stop flights out of MIA and FLL. Florida is the gateway to Latin America. I fly to Colorado for summer vacation.
    3
  34974. Speaking and walking at the same time is super difficult
    3
  34975. Don't forget the people too, people around SF Bay Area are screwy.
    3
  34976. Happy Birthday
    3
  34977. That $1 million house isn't going to sell. Wait a year and it'll be down to $600,000.
    3
  34978. “Another day lived” love the comment Michael!!! Lol
    3
  34979. Thank you for your videos. I’ve been looking to move to the suburbs of Miami which I’m heading there in January to see the area probably going to start at Coral Gables.
    3
  34980. So how do I get him to run my air B and B
    3
  34981. Best wishes to your sister and her husband. Enjoy the celebration.
    3
  34982. Glad u are a bitcoiner! 🎉. The best path to wealth is to stockpile as much btc as possible.
    3
  34983. how about insurance rates....
    3
  34984. I’ve lived in FL for 13 years and CA for around 8 years. Cali has better food and restaurants. The weather is better. But the cost of living is not worth it. Florida is easier to live, Cali is just good for visiting.
    3
  34985.  @MichaelBordenaro  Anytime bro! I agree, after watching your vids. And getting to know you better. Think Fl was the right decision. Seeing you travel all around Fl. Think that it’s your ideal playing field.
    3
  34986. A good chunk of pensions are not invested in the stock market substantially. Most send their pension dollars to private equity who uses the money like a weapon of mass destruction taking over companies and leveraging them up. Our lopsided deficits are function of 40 years of private equity havoc.
    3
  34987. Michael, Happy birthday. I enjoy your channel so very much.
    3
  34988. Good Advice on CASH VERSES DIGITAL ……. If your family came from a communistic / Fascist Country = you use cash and keep cash hidden in a drawer …… the government can take your $$$$$ in a moment and you will never see it again
    3
  34989. My husband and I are real estate agents in Michigan and now Florida. Do check out eXp Realty. They are in all 50 states and 14 countries and territories, with over 50,000 agents. It is the wave of the future! You will be able to set up shop in any city in Florida, and with an incredible commission structure. We are so grateful to have found this brokerage.
    3
  34990. I just signed a year lease on a house.. Not buying any time soon
    3
  34991. if you have switched jobs in the last decade, it takes months now to generally get another job. used to be weeks. professional jobs.
    3
  34992. Loved 2011-2012 prices. Got house in LA in 2011 for $182K, sold in 2016 $600k, now Zillow said $850-900k Good times… Thank you for your valuable videos. Would you sell now ocean front condo in Juno and put money in cd or continue to rent and wait a couple of years for appreciation? It’s like you said treasuries will bring same income as rent without high tax/ hoa/ insurance bills, not to mention special assessments.
    3
  34993. I love those tall privacy hedges @ 4:42 . What are they does anyone know? 🤣. Love the walk today Michael. I agree. I can’t believe the people that went over board. I called it too. I knew this would happen. Going to be a tough couple years at least for those who had FOMO.
    3
  34994. It’s official today my double close is done! I’ll be in South Florida next month. See ya Cali, we will always have our memories ❤️ 🥲 😎 🌴
    3
  34995. Good luck brother I really like your videos I used to live in Miami now I'm in New York but planning to move back in Miami
    3
  34996. Buy a Tiny home kit for under 20 grand and problem resolved😊
    3
  34997. Great video man im moving to Florida soon and I appreciate the areas you mentioned because I have a 2 year and I want better for him and my family 15 years ago I lived in port saint Lucie and moved back to NYC but since building a family in Philadelphia I know we be straight in florida..thanks brother great videos
    3
  34998. I'm about to get kicked off of ScrewTube for making a comment on here just like you are MB. Why do people want crap on their streets?
    3
  34999. Insurance companies wouldn't be doing their jobs if they didn't pay less than 5% of claims. It's called, legalized crime.
    3
  35000. Your show’s are all ways different I love ❤️ them you must be a fit guy you do a lot of walking which is very good 👍🏻-
    3
  35001. Great video, Thank you, I am buying from Apmex too. Every year I buy silver Australian koala coin for my son's birthday and I will give him this little colection on his 21 st birthday.
    3
  35002. My Zillo value keeps going up while there are price cuts around me??? Maybe Zillo will offer their price estimate, I’ll take it!
    3
  35003. FYI..... I subscribed! Thank you for you’re fantastic content
    3
  35004. I wonder how many of these CA to FL folks end up selling their FL house when they can't deal with the unrelenting heat & humidity
    3
  35005. Thanks for this! Great comparison.
    3
  35006. Hi Oleg, Yes I can do that. I have had a couple of people ask me that, and I am working on a website to book those type of appointments. But for now, it is very informal, and I can only accept paypal payments directly. The rates are $25 for every 15 mins. If you are cool with that, let's setup a day / time. Afternoons and evenings are best for me.
    3
  35007. Michael really meant business in this video. He was racing through the stories like machine gun fire. "Chop chop... I got another couple of 1000 miles to go to get back to Miami!"
    3
  35008. Excellent video, Michael! Interestingly, I heard a long time ago that when inflation rises, lipstick sales always become really strong. The thought behind that is that lipstick is considered a relatively inexpensive little luxury, and makes women feel better, so they buy more of it during inflationary times. Also, we are currently in Sedona, AZ, but you are right that everything is more expensive, and travel is right there with it! I have to fly to Atlanta from San Diego next month and it took me a MONTH of solid looking to find nonstop flights at decent times for the bargain price of $700.00! Ugh! Going to a baby shower for someone who has been trying to have a child for years, or I wouldn’t be going. Tickets were as high as $1,500 round trip. It was crazy! Sounds like from what you recently found, that ticket prices are finally starting to come down, though that is still high. Good luck with flights! I hope you and Lisi are able to come out to the west coast again soon!
    3
  35009. Oh brother. Nope. Greedy companies.
    3
  35010. 👍
    3
  35011. will you please explain reverse mortgage? thanks
    3
  35012. Is this for Air b&b? If yes, it doesn't need a garage.
    3
  35013. Just want to say that I am paying off my car loan now at a faster pace and soon I will receive the title to my car. I will have no car loan soon. I will be able to put more money on debt. I want to use my debit card and not my credit card to pay bills in the future. I am making an effort to save on my energy bill. I called Duke Energy and it’s cheaper for me to wash my clothes after 9pm . So I do laundry and vacuum after 9pm. Call you local energy company and ask what the rates are at certain times. Plus ask what months it covers.
    3
  35014. I used to live near Sarasota for a little while when I was a kid .I loved it.I am a Michigander though and for the 20+ years have lived in the snow belt .My husband and I are so sick of it in Michigan the weather really sucks.After his heart attack we made our decision to move to Florida and your videos have really made me feel alot better.Just one more thing .What about the crocks ,snakes ,gators I lived there in early 80s there were no invasive species then.Gators and crocks are not invasive but I have pets am a little worried about them.
    3
  35015.  @MichaelBordenaro  Thankyou so much!
    3
  35016. Michael- these are perilous times- please seek the lord while he can be found. Jesus said come to me all you who are weary and heavy laden, for my yoke is easy and my burden is light. Peace can be found in the son of god. Righteousness. Truth. You are a good man but unless you receive the lord Jesus into your heart with true repentance for your sins- for we are all sinners- accept the rescue that god sent to earth for us- he is real.
    3
  35017. Happy New Year!
    3
  35018. If you want great pizza go to Genovese's in Ormond bch. it is on Granda blvd and AIA. The antipasta is delicious also. We get pizza and salad every week. We always say, next week we will try something else but we don't 😊
    3
  35019. Tiburon is really beautiful. Lizzy looks so happy to be walking with you. So nice and cool.
    3
  35020. Buying may increase your housing cost compared to renting in the beginning, but over time as rent increases, your monthly housing costs can become lower and eventually end (except for taxes, insurance, and maintenance) once the debt is paid in full.
    3
  35021. Anybody who buys a house at the very top of this corona bubble caused by the Fed -- are complete fools.
    3
  35022. Great video, thanks for your honest opinion!!!
    3
  35023. Why are this people around the sea building houses with wood?? Would not make more sense doing it with cement and roofs with wood, just in time get blowen away.
    3
  35024. Hey michael, i dont know if this would work but if mold is happening due to humid, try this? https://www.amazon.com/WENKO-50220100-Cube-Dehumidifier-White/dp/B074X4W71C
    3
  35025. Actually how bad are the mosquitoes in Florida? Do you get bit every day multiple times a day?
    3
  35026.  @MichaelBordenaro  ok awesome thank you so much! I love your vids they're really helpful! Me and my fiance are getting married in may and we're thinking about moving to Florida after. (From europe she's English and I'm Italian American) We were thinking about Tampa because of the hurricane situation but are open to anywhere. 🤞💪
    3
  35027. Great video, Michael! I forwarded this video to my best friend, who would like to move from aLA to Miami (we both grew up in Atlanta, GA.). I told her about you right away and said she should contact your team. Not sure she is planning to move yet, but Miami is definitely in the forefront of destinations to buy a home.
    3
  35028. Or has the single family home been identified by Wall Street (and other) investors as one of the better assets - intrinsic, guaranteed value and finite supply - such that when the market goes down, they'll simply continue cash buying up all inventory until there is nothing left. Some even speculate that it's overseas money, perhaps Chinese, with the end goal of controlling US. It should be illegal, this administration will do nothing about it, thus are witnessing the destruction of the American Dream, and of the working class.
    3
  35029.  @MichaelBordenaro  You know that traffic is bad in your city when you’ve had multiple Uber drivers with road rage. 😂😂
    3
  35030. 👏🏾👏🏾👏🏾 Well said Michael
    3
  35031. Thanks for another great update! Will continue to watch your next video! Please keep updating🙏💞
    3
  35032. love the outside vids!!!
    3
  35033. Have you done a video of ocean front hotels to rent for vacation...that's what I want to know
    3
  35034. @Michael Bordenaro what's your opinion about the Florida gulf coast? I'm watching the area from St Pete down to North Port, some price drops but not a lot. I'm still seeing some owners increasing their listing price too, which surprises me. Is the gulf coast one of those areas that probably isn't going to see a significant price drop?
    3
  35035. This is why I’ll only shop in HoA’s. Yes, you have to follow the rules. But then again, so does everyone else. And if they don’t, you have teeth to go after them. Worth every penny, if you want a clean neighborhood in good repair, without airBNB’s.
    3
  35036. Been thinking about Sarasota because of the supposed job market. Let me know what you think.
    3
  35037.  @MichaelBordenaro  noup,,show me a spread sheet and ill show u how many years you save,buy down rates is just to put more money on the loan officers pocket. buy down a whole percentage point may cost you up to 2.5% of your loan to value,,,do the math. not trying to be an assh..... i love your videos and always see them,just making my opinion,thanks for the videos always!!
    3
  35038. Mother nature is always beautiful ... thanks for sharing Michael...👍soon you will have 10k subscribers nd one day 100k I believe you Michael..keep up Michael We r almost there...👍😀
    3
  35039. On May 1, a new policy goes into effect as part of the Federal Housing Finance Agency's push for affordable housing. Under the new rules, homebuyers with lower credit ratings and less money for a down payment would qualify for better mortgage rates than they otherwise would have. This means a homebuyer with good credit, 680 or above, will now pay a higher premium than those with lower credit scores. Additionally, homebuyers that put 15% or more down will pay an even higher premium than those who don't put as much money down. Since when did we start penalizing people for having good credit, paying their bills on time, and putting money down to lower the overall financed amount?
    3
  35040. 18k gold ftw 💯
    3
  35041. 👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
    3
  35042. Personally, I used to be the kind of guy who wanted to be rich growing up. But nowadays I want to enough to live comfortably. This is one of the reasons why I want to leave Illinois and move to the sunbelt states due to their low cost of living and low taxes.
    3
  35043. SUNDAY GREETINGS MICHAEL .. YOU ALWAYS HAVE BROAD SPECTRUM ANALYSIS. 👍🔥👍❤
    3
  35044. Same here in NJ
    3
  35045. I went to an open house in King County over the weekend and the agent actually called me back a few days later because they had not received any "quality" offers.
    3
  35046. I also noticed that HOA homes are less expensive then NO HOA home and why is that?
    3
  35047. Please give us an episode about the status of commercial real estate. Many analysts r warning about it. 🤔
    3
  35048. Don't mean to harp on the negatives but would you say customer service is better towards hispanic patrons? Just wondering if you feel the poor customer service you experience has to do with you not being born of spanish descent or have you witnessed the customer service being bad towards hispanics as well? I'm seriously considering moving there is the reason i'm asking. I'm not hispanic but i took 4 years of spanish in high school a hundred years ago lol. Just wondering if its worth it to really delve into learning more spanish. Thanks!
    3
  35049. Bingo! Mike Maloney rocks. Been following his work for years. Tip: Check out Peter Schiff. Another great one.
    3
  35050. And love it
    3
  35051. We will try to retire, things are paid off, but we don't think we can keep our property, and can't find a smaller affordable one. Same as C N here, no utopia retirement here, since 2008 wiped us out.
    3
  35052. Great YouTube channel, Mike. Thanks
    3
  35053. I dont understand who decides to raise the taxes on a house ? What if you can't afford it, are we just supposed to pay it just because?, this game doesnt work if we try to have the government pay for something even when theyre guity, we have to go through a process, yet when it comes to us we're just supposed to pay no matter what. Thats insane.
    3
  35054. Choose carefully when becoming a landlord Choose a landlord friendly state
    3
  35055. Don't worry about the house prices, "they" plan on stealing our homes. Paid off or not!
    3
  35056. I own a 2/2 condo free & clear in West Kendall/ Miami. Unfortunately with the Fraud that was all over the local news in regards to a group of people defrauding the Hammocks Associations of hundreds of million of dollars which in turn we have a court appointed Receiver to help us get back on track. What makes things worse is that most if not all the Condos/ HOA’s Associations have Zero to little Reserves. Buying & Selling is demanding buyers put down 20% down for financing.. or cash purchase. Some are 2 story Buildings ,while others may be 3 or more. Also, the 40 yr Inspections are up & being performed now showing required repairs & replacements to most if not all Condo blogs built in the early 1980’s. Our association fees have gone up double & I pay two association fees as it is plus now most owners will be hit with Special Assessments for repairs & higher property taxes… those who have limited income & can just barely get by financially will be facing foreclosures in the near future. This is so tragic that people are going to be homeless.
    3
  35057. Agree 100 % on your list...I delivery every week in Florida and know all cities...so love it...good report👊🏾
    3
  35058. How funny... here I am trying to figure out which police departments to apply to by picking a town I would enjoy, and I come across a video from someone who moved away from the same exact town I’m trying to move from (Belvidere). Thanks for the advice!
    3
  35059.  @MichaelBordenaro  In 95 percent of cases.
    3
  35060. Thanks for the video.
    3
  35061. That homeowner situation bust your budget. It appears you gotta be flexible in your shelter situation. Gotta be able to bail out at a moment notice huh. 🤔
    3
  35062. Wow. Michael made it to 20k subscribers.
    3
  35063. Just came across your channel great video. I deff agree with you Miami prices are over inflated. I sold my condo last year in Downtown Miami... I was lucky, I realized condo living was not for me. I am currently renting waiting to buy a house in Coral Gables. I refuse to pay what these homes are going for when they were 40-50% cheaper a few years. The crazy part is that people are still paying these prices in this area.
    3
  35064. 1st 🥇
    3
  35065. I agree that is a fact. Very probably builders will start loosing money if they do not start offering more affordable homes first first time buyers.
    3
  35066. Diana Oliver thank you for the input. I actually visited the area two weekends ago. I visited downtown, the north area and the south. Some areas did not look very appealing but like you said, there are rough areas in every city. I really liked the south; building lots of new houses and rental apts. Hopefully could relocate soon. Thank you!!!
    3
  35067.  @yssu7864  You are very welcome. I am glad you were able to visit the area and look around. Southside and Mandarin have much to offer. As Michael stated before, St. Augustine is so lovely and so close. I prefer to admire it from here. I've found that we don't always appreciate when we live somewhere that's so loved or touristy. As a Texan, I fell in love with Pensacola many years ago (yet another wonderful city with undesirable areas) and we vacationed there yearly. But my husband's job brought us to Jax instead, 6 years ago. Love it!
    3
  35068.  @MichaelBordenaro  I look forward to it! I envy you for having the mature ability to put up with those people...and those other people too. I'm not easily butt hurt yet I can't do it. I'm subscribing 😎
    3
  35069. Michael we are from North East Florida in Saint Augustine. We are a hard working middle class family that sold our home in 1 day in December 2020. 6 months later we are still desperately looking for a home with some land and not in a subdivision! We have lost out on over bids by 10k+ of dollars. Or people paying full cash. We have even upped our budget by $75k and still nothing. We have a rental until February 2022. Praying we find something before February that won't kill our budget. I am hoping you are correct that prices will dip a little and we can afford something here in our beautiful state.
    3
  35070. Michael I just typed your name in on DBPR and it says you’re a scammer ;)
    3
  35071.  @MichaelBordenaro  Human shields Michael. As unit owners you can make sure they are doing their jobs. If they are not doing their jobs & are that bad why not save $$$ ? Have some unit owners take over the security roles. I'll bet the condo owners would do a better job because they OWN !
    3
  35072. ​ @MichaelBordenaro  Your Welcome! I agree too! I could stay on a mountain top all day. I recommend mountain tops at night too! the view's amazing! I think you'd enjoy the tram..but it's closed till Oct. 11th, 2021 for Maintenance... But LA has OUE Skyspace Glass slide, Frank n sons, and Catalina Island!
    3
  35073. The grid cant support Electric cars at this point
    3
  35074. JOHN is the LOSER in this comparison, mainly because he will lose 25% equity Include TI and condo fee, probably as much as PI BAD PURCHASE all around SHE beat down the price
    3
  35075. HELOC can be used as an emergency line of credit, what if a foreclosure comes on the market and he needs $25k asap, boom HELOC, some HELOC's have no costs, zero outta pocket expense, if you are disciplined, why not have the extra security of a line of credit ????
    3
  35076. Thanks for the beautiful boat walk, Michael! 🛥🌴 I'm not surprised that NAR is saying that the housing market won't crash. They're trying to speak their desire into existence.
    3
  35077. I love Juno Beach. Probably one of my favorites in the entire state. So chill and pretty but still a close enough drive if you are seeking the real south Florida craziness. Also right by lots of cool spots in Jupiter.
    3
  35078. $300+ a month for a water utility bill? I had to comment is this normal in Florida?? Makes renting with utilities included more favourable if you include the insurance scam also?!! Thanks for this info guys very useful!
    3
  35079. Hi my friend. This one is for the algorithm. I’m just tired and not feeling well. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    3
  35080. Go a bit further south to Bonita Spring to Naples and show moderately priced homes. Cape Coral is a dump, there are some nice areas in Cape Coral but not a great area for that part of SW Florida.
    3
  35081. I love the beach review
    3
  35082. 500k-600k has been starter home price in the my eyes since before the pandemic (in the bay area) now starter home price (cheapest home) is like 700-800 and thats like a condo
    3
  35083. Michael Bordenaro, I’m looking to get into real estate in Florida. I just moved to the area. Can I talk to you more about that?
    3
  35084. Those particular beaches may be wide, but a good amount California has little to no beach.
    3
  35085. Love the idea!
    3
  35086. Thanks
    3
  35087. john should be 1350. Carla 1619. 320k borrowed 3% vs 270k borrowed 6%. that 269 per month will take john 113 months in a 10% index fund to make back the 50k difference. so Carla has to sell or refi within 113 months to beat john. otherwise john wins. the longer you go, the more the interest rate counts. Carla has more risk in this scenario. plus the refi will cost her money, shortening that time frame drastically. if that refi costs 30k, john wins at year 5.
    3
  35088. Damn this is a good video 😎
    3
  35089. Great video Michael!
    3
  35090. Why landlords want you to have a job especially if you have a low income housing voucher that is willing to pay the full amount if need be?
    3
  35091. Bob Seger, and I feel like a number, show up late and I'm docked it never fails.
    3
  35092. Ish is crazy when Youtube trained economists are making better predictions than "official" economists representing the real estate industry. When I read a real estate story I always ask myself - "why this topic now and who pays their bills?". With that in mind it makes developing a BS detector like Michael's easier. Plus today the Fed raised rates another 25 basis points. Rates are not coming down before November 2nd given the latest guidance unless inflation takes a swan dive or unemployment explodes.
    3
  35093. They call this 'free market'...Morally, ethically sick, but totally legal. When the moneymen come, you lose all if you don't bend over and comply.
    3
  35094. Congrats on the 1k subscribers and Happy Birthday
    3
  35095. Michael, I want to watch all your videos but 20+ minutes is just too long man!
    3
  35096. You have a very good idea
    3
  35097. Happy new year, Michael
    3
  35098. The price per square foot is crazy high in central Iowa and they are saying its valued right lol. The central Iowa housing market is insane and has been. I live in Iowa and Florida. Just sold my Florida house may 4th and I am doing a lease back there for up to a year while I look for my next house.
    3
  35099. If you look at those areas that was controlled by the left such as Canada, California and nyc, house prices went straight regardless of weak economy 🥲
    3
  35100. People also continue to destroy our environment. We are out of control…
    3
  35101. Tesla stock went up 1000% between 2020 and 2022....... BUBBLE!!!!
    3
  35102. It must be nice to be wealthy to live on the beach in Miami. But there's one thing you failed to mention and that is all the beautiful girls down there. You must have a great love life. How can you not mention the beautiful women there?
    3
  35103. Wow, ten seconds before you mentioned Travis and Mitch I was thinking how to get a few of their videos to you. Crazy world it is...
    3
  35104. Know someone who bought a house....didnt know the road was scheduled to be widened....by eminent domain. I think they are suing! I think realtors should be responsible for checking permits, comprehensive long and short term road plans, ages of septic, plumbing, electric, etc. Sounds like a lot...but they make plenty of money on each sale. It is like saying someone can defend themself in court...without a lawyer. Let realtors be responsible for knowledge they dont convey to sellers or buyers!
    3
  35105. I'd like to live on a boat in Florida. I think north and maybe on the West side. Though St Augustin looks nice! Are you able to provide any info about living on a boat..rules & regs, marina prices around the state etc. I'm told you can live at anchor outside marinas for free and there are also some marinas you can stay for free, though perhaps only short term. Would love to hear what you have on this Michael. Great vids, keep em coming! What about a video about alternative living, boats, tiny houses, RV parks etc??
    3
  35106.  @MichaelBordenaro  exactly, that's my point. And honestly I hope this companies loose so much money that they'll never think again that what they are doing is right.
    3
  35107. Thanks again. You got warm down there and our is going for the winter feelings.
    3
  35108. Gorgeous backdrop! I cannot WAIT to be there permanently ❤️
    3
  35109. The gas price game is a joke. Saw 4.19 regular and just blocks away most stations had 3.59. And the station advertising 4.19 charged 4.29 when paying with credit card. This was in Delray Beach FL.
    3
  35110. You know what is funny is that you can even work so hard even decades to get somewhere and have it not be worth it. It’s very disappointing. 25 year old with my dream job making great money, just bought my own house in a very nice area, bought my dream car (Porsche) got a Jeep Wrangler project vehicle and a new puppy all in 3 months. And I’d trade all of it to move to Florida and not have to suffer living in Michigan (which is why I found your channel). The funny thing is I just recently learned this. Plants do not grow over night. The easiest way to understand success and gratification is to buy a plant you actually do not want to die haha. For me it was a Bonsai plant. I wake up, give it sun and water it; trim it and look after it. It has provided me with a very important life lesson. I am finally realizing (and it’s taken me forever) that I am so lucky to live the life I live. If only I didn’t have seasonal depression and dread living in Michigan. There’s always something In life I guess.
    3
  35111. I’ll be coming to Florida next Friday lol. Feel free to look me up on FB. I’d be down to chat with you dude! Seems we have much in common by watching some of your videos! Tyler Saidla
    3
  35112. I think once all the special assessments start rolling in for all the apt buildings in Miami, there is going to be a huge drop in prices.
    3
  35113. I really want to move to the Tampa bay area mike. But im so frustrated because everything is so expensive there.
    3
  35114. What do you think this will do to rental rates?
    3
  35115. An updated SNL skit...knock, knock. "Who is it?" "Ahhh...ahh...loanshark..."
    3
  35116. Had a great time in S FL/keys this week! Got to dive with seaturtles sharks rays etc. Had a blast ripping through the ICW in Ft Lauderdale on the seadoos and eating great foods. Got alot more familiar with the areas I am looking into for the new shop!
    3
  35117. Not price "adjustment" -- improvement, remember. "Improvement"!
    3
  35118.  @MichaelBordenaro  yeah you probably need to get off the beaten track there and check it out.
    3
  35119. I wish I could afford to live in Miami
    3
  35120.  @MichaelBordenaro  unless I make over $60k a year, I'm staying in Seattle
    3
  35121.  @MichaelBordenaro  I rather live comfortable than live pay check to pay check
    3
  35122.  @MichaelBordenaro  I could always vacation in Miami. How's South Beach during the winter? No super fine women?
    3
  35123.  @MichaelBordenaro  Thank you, I appreciate the advice.
    3
  35124. Buy a vacation home in CA and Airbnb it when you not using it
    3
  35125. Re Meta - Take a look at the lucrative severance package
    3
  35126. Another great video🙃🙂
    3
  35127. I’m looking at a very small specific area in Miami (Kendall) and unfortunately I’ve seen a couple properties come on to the market, still listed pretty high, sat on the market about a month…. But did sell. One of them did a small price drop and sold, the other was “priced right” initially and sold. I was hoping to see them not sell and then see more listings, and then see some more price drops but alas, no. I guess it’s going to be another year or so before I can hope for pre-pandemic pricing.
    3
  35128. Interest rates will go down around 2026. Save your cash and be ready to buy.
    3
  35129. Hey bro how much can I amke doing real estate down there ???
    3
  35130. Prices skyrocketed in the housing market mainly because of these investment companies buying real estate. And most of this buying was for pension funds. Huge investment portfolios with billions of dollars buying houses for rentals. Pension funds did it.
    3
  35131. The real concern of the overpaid chrony capitalist execs is their stock options. Many of these "bosses" got where they are in soft times and with Woke political skills. Many need to be fired but the boards are weak. Fed will continue to raise. Asset values must come down dramatically for the good of all. And the boards and execs need to be cleaned out. Love the look, Michael. Beach is handsome also.
    3
  35132. Hello Michael, I'm Randall. Great video related to moving to Florida. I will have to consider this in my quest to retire to Florida. I'm a car enthusiast. Part of the issue you have with the brake rotors warping could be that the dealership is not torqueing the lug nuts properly. They just using an impact gun. The metal they use can't take the stress. Its like over loading a wood shelf, overtime it warps. The corrosion you speak of would not cause the vibration, that is the warped rotors or more likely bad tires. You would feel the warped rotors mostly when you brake. We have a 2018 Jeep Compass and we initially thought it was warped rotors. It has bad tires from the factory, you may also have bad tires. Every place we have taken it say it has bad tires. Today it seems common for the rotors on some cars to corrode even when a car sits for only a few days. This burns off when it is minor in a few stops. Your car is in the humid weather, so it is going to be worst there; plus, it appears you don't drive that much. I think it would be wise to invest in some kind of undercarriage treatment or a place with a truly indoor garage when moving to Florida. I bet a good detailer could fix your paint issue and advise on a good paint protection. Use the paint protection on your next new lease.
    3
  35133. Amazing video Michael!!!!!
    3
  35134. Dude we’ll have to jam sometime when I move down. If you haven’t seen this chandelier before, you’ve never seen one with the bulb out have ya. Don’t do the black light on the couch...
    3
  35135. are there any units for sale in that building?
    3
  35136. Michael Bordenaro Oh yes, I absolutely know that video is about price only and I was actually blown away, I never knew you could actually buy a house at those prices. And even though I am from Florida I still learn many things from your videos and enjoy watching them! Would love to see more research re: Saint Augustine (thinking about moving there from Jacksonville because it’s still an easy commute if I had to work in Jacksonville...was inspired from one of your videos) ...and maybe research the Keys, where I vacationed many summers growing up 😊 I recently lost my Dad and have such great memories from The Keys ... thanks again, your awesome!
    3
  35137. Love nick hope he comes back.glad I found Michael he has a awesome channel.
    3
  35138. Free parking!
    3
  35139. I don’t blame them!!! I’m planning on getting a remote job! What better place to move to then Miami Beach!!!
    3
  35140. Enjoyed the video. Well done. This may have been asked. You said if you were to start over in 2020 St. Augustine, do you mind sharing why?
    3
  35141.  @MichaelBordenaro  checked it out and commented. Another great video
    3
  35142. The average annual family salary in 1981 was $22000.
    3
  35143. St Augustine is a great place to live, but it’s certainly not a tech hub
    3
  35144. Biggest issue here is the jobs do not pay anything remotely livable. People understandably give up and move to a state with a more realistic economy. Everyone moving here has a remote job with the pay from NY or CA. You really cannot afford to work and live in Florida. Nor can you any longer affird to retire on a fixed income. Those folks are moving to TN and AL.
    3
  35145. The borrower is SLAVE to the lender. Just another plantation system.
    3
  35146. In Parrish, FL home built in 2006. Insurance company notified me that due to age of roof they would be cancelling the policy. Was paying $900 & never had any claims. Roof is in excellent condition. Only insurance available was Citizens at $2275. There is clause in the policy that Citizens has a right to increase the premium by up to $700 additional premium during the one year term.
    3
  35147. Houses are unaffordable because of realtors, flippers, and the Federal Reserve .
    3
  35148. Impressive tour of Florida
    3
  35149. I have plenty of freedom. I retired and don't need to live near a job anymore. Looking to relocate to be near other retired people who have fun unlike where I live and they seem to just want to keep there yard looking good and spend time with grandkids. People get old fast here.
    3
  35150. I just released a turtle into the pond there last night I found in my fenced backyard. I don't know how he got in my backyard. I do live near that park. A four minute drive.
    3
  35151. I'm honest says the joker lol. Good information for novice like myself!
    3
  35152. HI MICHAEL Derek in the UK .AS YOU MAY REMEMBER 'iv been following this Mess since 2000.the BIGGEST Mistake made by the GOVERNMENT in the UK was to let people BUY THEIR Council .HOUSES at give away prices . like £20,000 IN THE EARLY 2000s . This DRAINED the SOCIAL HOUSING Of Good old property . so families were buying up . 2/3 houses . thus depriveing FUTURRE Families of Social housing . THIS created LANDLORDS . FOR EX Council Houses RENTING THEM OUT For £800 /£1000 PER MONTH . when the real rent on these social Houses SHOULD HAVE BEEN £320 PER MONTH ALSO ' IT CREATED FLIPPING The SOCIAL HOUSE . At 5 x the purchase price . WE NOW HAVE A SOCIAL HOUSING CRISIS . Some of these BUYERS Have went on to buy BIGGER Houses to RENT ALSO . ITS A FRIGGING MESS . the good news is HOUSES ARE STARTING To reduce iv been watching the real estate . AND I THINK THE DREAMERS Are getting worried NOW ..HOORAY . ..GREAT 'PROGRAME AS USUAL MICHAEL .
    3
  35153. When you mentioned Jackson, Mississippi as the least expensive city in that state my mind immediately went back to that old song, Uneasy Rider by The Charlie Daniels Band. Search it on YouTube and you might see why some places are as inexpensive as they are. Lol
    3
  35154. Moral of this story is that Florida has become place for rich and if you ain't that you will have to get out. Still there are a lot of wealthy people who want to be there because of climate and access to ocean. Not the first place which got gentrified.
    3
  35155. FL has many cash buyers... Doubt it goes down soon but who knows
    3
  35156. Saw the Supremes there in the late 60s
    3
  35157. They DO manipulate gold and silver BIG TIME with their futures contracts and have been doing it forever to hide weaknesses in the currency. The derivative determines the price of the assett; not the other way around. Notice the "price" of one ounce of silver is around $25-$26, but to buy a one ounce silver eagle, for example, you'll need to spend close to $40. It's a blatantly corrupt scheme.
    3
  35158. I'd love to retire early, but I have aging parents, childcare expenses, college savings, etc, and I anticipate our expenses to go up in the coming years. And yes, I hope to maintain the same or better standard of living in retirement as I have now. I agree on the worthlessness of the conventional advice like saving 10% of your salary in a 401k. We invest in real estate and other things that hopefully give us a better chance, but the future is uncertain, as it always has been.
    3
  35159. Wish I could move to Florida..
    3
  35160. You’ll make it Michael…….we’ve got your temps in SC …….110 heat index and no ocean to dive into…..at least where I live. 🌴🥵
    3
  35161. Same for San Francisco which can’t handle 1 million residents because it’s only 20 miles across so it went from charming to insane in 30 years time
    3
  35162. 👏👏👏👏👏👏👏👏👏👏 I’ve just got to say that between you and Mr. Ninja I have no need to watch any major networks to keep up with the News 📰. Thank you for what you do. You always have a plethora of information to share with us. I hope that your numbers grow and grow in the next year because you deserve it. I’m a Fan of your channel. You put a lot of work into what you do and I really appreciate it. Blessings From Paso Robles, California, Carlos ✝️🙏❤️😊❗️
    3
  35163. Not only is battery capacity limited by the cold but think about having only 54% of your battery capacity and having to run the heat further reducing that capacity. You could be doomed if you are stuck. I'm interested if we will ever hear that someone who perished in this weather event was because of electric car inefficiencies. If it happened, it will likely be hidden so as not to damage the narrative.
    3
  35164. Those are not 30 year fixed rates. They are fixed lower for a few years and probably have an interest only payment option. Builders like Pulte are offering these.
    3
  35165. Wow! That’s awesome! Thank you so much Michael! So inspired by your videos.
    3
  35166. You are absolutely right, you need to say the truth some people who want to sell their properties need to be aware of these problems. Thank you for sharing and your honesty.
    3
  35167. You're absolutely right however, you did your job its on them. Thank you Michael 😊
    3
  35168. Totally agree.... I live in Hollywood, Fl and went to visit SF and LA.... particularly Venice beach.... food is better in Cali.... I also like fresh farmer markets in Cali.... Totally agree about music.... in general if to combine good things from Florida and good things from Cali would be real paradise on earth😁😁😁.... 👍🏻 Agree on language.... Overall I like to live in SFL .... cheaper for sure but I totally agree on everything you said about Cali and def want to go and spend more time on the west coast.... for a change.... but home is in Hollywood, Fl...
    3
  35169. Great video
    3
  35170. Don't forget that when a hurricane hits, all bets are off! I remember what Andrew did here in Miami.
    3
  35171. Welcome to Orange County Michael from Huntington beach
    3
  35172. I appreciate your insight Michael, but maybe the answer is not limiting how many properties they can buy, but the percentage in a given area.
    3
  35173. Very informative !! Thank you!
    3
  35174. any tips on finding a job in florida while i still live out of state?
    3
  35175.  @MichaelBordenaro  thank you
    3
  35176. The government wants everybody to put solar panels on the roof correct? Yes . If you live in Florida and some other places you can have extreme problems . Spend $40,000 for solar panels installation . Then your insurance company drops you because even though there's nothing wrong with your roof it's more than 8 years old . We don't allow solar on a roof that's older than 8 years old . So then you spend 35,000 for a new roof . Install your solar panels again . Then the insurance company comes back and says we only allow so many watts . You have to unplug 50% of your solar panels or we will dorp you again. So now you have spent a fortune for a new roof and solar panel installation. You have the thing working at 50% capacity and. Your insurance rates are also higher than when you started the mess . I've also heard from people say oh I put solar panels on the roof and now my house appraised for more money 💰. And my yearly property taxes on the house went up . 😂 . It is insane might as well just forget it . Just send me $1,000 a month regular electric bill and I'll be happy ☺️. Solar is a joke and it's a disaster .
    3
  35177. A shout out and thank you to you, Michael. Today's opening reminded me why I was hesitant about your channel at first but quickly came to appreciate it. At first glance, I thought you were all about selling glam, multi-million dollar homes to the rich in Miami Beach. Now I realize you are a down-to-earth Midwesterner giving helpful and needed info in an entertaining and easy-going style. Really enjoy your videos. Thanks!
    3
  35178. Love Florida! Coast to coast. Moved from up north 6 yrs ago. St Aug is home. You will have to drag me out of here.
    3
  35179. Moving to Tampa this year! This was an informative video cause Florida is so massive.
    3
  35180. Can you go with only fire insurance if you want to keep your price down?
    3
  35181. Hi Michael I liked the first apt two bedrooms for $1950 per month plus extras. You ran the pictures fast and I did not have a chance to check it out more thoroughly. It's important to me to have a laundry room or at least a laundry area with my own washer and dryer. Is there one in this apt.? How can I look this one up? Are you the agent in charge? Thanks, Michael. Tommy
    3
  35182. Thanks for sharing.your commentary on this video is spot on. Much appreciated and if I may ask a question how long did it take you to actually kick off your real estate career take off? I know results vary but I would like to hear your personal experience.
    3
  35183. I went down and stayed 2 months last yr.. 2021.. thought about living there.. just couldn't.. the woman that was trying too get never worked out..she didn't really care for me... just want help with rent and etcc..... ended up awful... God showed me a big lesson..so I left . Went back home too tennessee..
    3
  35184. They’re going to keep lying about the health of the economy until Trump takes office. Once that happens not only will we hear the bad news but instead of it being made to appear better than it is the media will make it sound even worse because that’s who they are. They will make it look like Trump caused it all to fall apart. Just wait and see. Not only do I believe that the original numbers were wrong but I believe that the revised numbers are as well. I would like to know specifically where all the so called new created jobs actually are. What are the names of these companies or businesses. This current government is so corrupt and dishonest that I don’t believe one word they say.
    3
  35185. SO helpful. Thank you!
    3
  35186. The serene natural beauty of the grounds around the island are beautiful! I've yet to see a beach on the gulf coast that has water like Miami and The Keys. The landscape on this island is as nice as anywhere there though. Awesome birthday trip!
    3
  35187.  @MichaelBordenaro  I save any cent for that. :) Have a lovely day, Michael. Blessings to your family. From NZ.
    3
  35188. Another great video Michael…when I see your beautiful wife with you I always look forward to her sign off…much better then yours 🤣
    3
  35189. Weston!!!
    3
  35190. oh no
    3
  35191. Here is on review I read about St Augustine. hard to know who to believe. "Do Not Move To This Corrupted Town! It is a MESS! We will start with: The Crime which was not covered in the previous Review. Residents who live here...GET YOUR DIRTY HEADS OUT OF THE SAND AND LEARN THE TRUTH!! The Crime Rates in St Augustine is this: In St. Augustine, FL, you have a 1 in 146 chance of falling victim to a violent crime, such as rape, robbery, assault, or even murder. In terms of property crime, your chances of being a victim are 1 in 29. These crimes include theft, vehicle theft, and burglary. National crime reporting numbers show that St. Augustine’s crime rate far outpaces the rest of St. Johns County and is keeping even with Jacksonville!? Have you done your due diligence? Taken from Local Newspaper Reporting Articles. As a tried and true person who has always wanted to promote the Community through adult recreation clubs...we gave up on that 2 years ago. Recently, a Member of our Club fell Victim to a person who we are alleging is a serious Bio-Polar who was victimized, harmed, and assaulted. The public knows the truth about this run down town...corrupt City Government, corrupt law enforcement...and corrupt towns people...how much worse can it get for you?! The County is saying that 3,000 people are moving into this crazy nut city every day! Don't believe a word of it! Find out how many are MOVING OUT! Much more important! We are getting OUT as soon as WE CAN!"
    3
  35192. Thank you Michael. I am in cary , NC . Many people here are resisting hard and fighting hard to let the prices go down . In the process, they are hurting themselves and their families. They are burning their life time savings and paying the house by taking heloc loans . God save them .
    3
  35193. Michell enjoy you are in paradaise
    3
  35194.  @MichaelBordenaro  yes I do! This area I’ve never ventured to!
    3
  35195.  @MichaelBordenaro  and who to contact if I ever decide to move down there! 😀
    3
  35196. @DroneViewHD is the channel from the guy on the pier. I'll take a look after this. :)
    3
  35197. excellent video nice walk and looks like Miami Beach needs time to get back to business may be night time is busier enjoy
    3
  35198. Have you done any videos on manufactured home?
    3
  35199.  @MichaelBordenaro  Great minds lol Any idea how much of a difference it would make if you lived on the land side across the sound vs directly beachside?
    3
  35200.  @MichaelBordenaro  Thanks so much for the reply! I’ve been considering this when looking at buying a home there sometime next year. I know there will be more environmental damage to consider on both my car and a home.
    3
  35201. That's the kind of woman that guy should leave and avoid.
    3
  35202. 3 rd comment. great video.
    3
  35203. 👍
    3
  35204.  @MichaelBordenaro  The absolute highest natural elevation of Florida is on a large hill called "Britton's Hill". It stands at 345 feet above the sea level. Keep in mind, it is WAY up in the north panhandle, so if you wanna drive 6+ hours, then go for it! (And the counties up there remind me of Georgia and Tennessee. The people are so nice and hospitable. They will hold the door open for you and etc.)
    3
  35205. The disgusting red tides have ruined the gulf coast for me. The most recent one was horrifying in the Tampa/st Pete area.
    3
  35206. Are you there at high tide?
    3
  35207. (Ms. Odeta Kushi is the Deputy Chief Economist at First American Financial.)
    3
  35208. Very Nice Video Location, l love those Big Redwood Trees like our Mountain Ash the Giants of the Forest in Oz. Great Subject Matter Too. Thanks Michael and Lizzie 🍻😁👍
    3
  35209. Those views are like 8k a month in California
    3
  35210. We rented a 3 bedroom, plus office, 2 bath, with a pool, 2 car garage in an HOA community, small lot. Our rent was $450 more per month than our 1/2 acre, 3 car garage, with an additional single car stand alone garage, pool, 3 bedroom, 2 bath home. We did move to another town...but what we were finding in the Tampa area is that owning was definitely cheaper. Especially with the ridiculously low interest rates.
    3
  35211. Rented in Tampa, looked in Tampa but couldn't find a lot that didn't make us feel like peeping toms...had to move more south for more land. I think a video highlighting yard vs land would be cool.
    3
  35212. Thank you. How’s the dating scene for us 35 and older crowd?
    3
  35213. Good video !
    3
  35214. I always try to be the first post and someone always beats me to it. Good stuff Michael, thanks for the work you put into making these. I'll try again tomm.
    3
  35215. The Marabella only has 24 units so they are all paying $11,200 a year just in insurance. Let alone the other HOA fees. So they are likely being charged $2500+ a month in HOA. No wonder a number of the units in that building are up for sale.
    3
  35216. I live in CT and have been looking at Miami Beach condos for a second place to spend half the year and I have to say I have crossed all of those condo buildings from 50s to 80s. I’m now just looking at town houses in middle of the avenues.
    3
  35217. The Villages looks like a really cool place.
    3
  35218. Thanks for the information, we are planning to visit st Augustine, hopefully soon , my husband will like to move there . How is winter in that area ? Do you will show the area in future videos ? Thank you .
    3
  35219. I just bought a condo in a three story building in Florida. I am so glad I did not choose a high rise. I used to worry about sink holes and I have had dreams about Florida being flooded by a tsunami. I almost bought a place on the 15th floor by the beach. The view and the way the wind blew through the apartment was wonderful. I can't believe that high rise collapsed the way it did. I had no idea that professionals would let people live at risk like that. Knowing now that exposed rebar is a sign that the rebar can not carry the weight and being exposed leads to rusting and increase in further decay, I know what to look out for. At this point I would rather own my own single home. I think the high rises by the beach in South Florida take away from the beauty of the beach. Everyone is living in the shadow of the building next door. It would be nice to see the high rises go away.
    3
  35220. How cool! Enjoy your trip!!!
    3
  35221.  @MichaelBordenaro  It's something I have always wanted to do and I may actually take the plunge sooner than later. Thanks for the push of inspiration! Be safe out there you two!
    3
  35222. I’m not sure why the big cities need money to keep them safe and clean. They’re neither safe nor clean now.
    3
  35223. This is the hardest part about making a power move like that. Thanks for sharing!
    3
  35224. "Freddie Mack" sounds like the name of an entertainment promoter, and "Fannie May" like a southerner's favorite aunt.
    3
  35225. We do not live paycheck to paycheck by choice. Everything around us is going up except for our income? So where does that leave us? Working 3 jobs as a slave just to “survive”? That is not “living”!!! We humans did not ask for all of this inflation and for everything around us to increase. We are the only species on the planet that has to pay to live on earth.
    3
  35226. dang Ive done good for myself Im in top 5% , I knew I was doing good but heck yah. I work my butt off, now I get to do what I want. good luck people it easy to do ish. Like Trump says money money, money,$$$$$$! thanks Mike Your a badass.
    3
  35227. Agree 💯 Michael, banks and MSM have a hidden agenda. Especially banks. They don't want bank runs.
    3
  35228.  @MichaelBordenaro  makes sense, so would most landlords overlook proof of income if you pay 3 months upfront? Can you show tax returns as proof of income?
    3
  35229. Far too many thought it would be a good idea Not to pay rent during the SCAMDEMIC now look what happened, I personally never stopped working or paying.
    3
  35230. Speaking to the layoffs part of the video, if a company is losing money badly layoffs are a fact of life. What upsets me when they happen is for the reason is only for the company to keep their profit margin. Just my opinion, but in an economic downturn if a company can keep its workforce while not losing money that’s the way to go. The company I retired at after 28 years did this.
    3
  35231. We need to get back to earning 6%+ interest on passbook savings accounts.
    3
  35232. It's never going to get better it's human nature.....😮
    3
  35233.  @MichaelBordenaro  I mean like you said, if you see yourself live in it for at least 10 yrs and really like the home and the city its in, then its not so much a matter if next year it goes up or down. I currently live in Brooklyn NY in a rental :)
    3
  35234. Fernandina beach? Love you videos
    3
  35235. Lisie is such a brave confidence lovely lady , you are a lucky man Mike, CONGRATS to you. 👏💝✌
    3
  35236. Yes Michael I was thinking the same thing about electronic cars such a bs Thank you I'm so happy more people think like that 😊 👍
    3
  35237. Michael ,you look great for this time of the year in Miami! 🤩Since there is no seasonal changes in Florida Floridians change the type or color of their wardrobe to go with the season! That will give them renewed feeling! It’s actually a smart way to feel the seasons without having to do with actual drastic changes! Now to the business of doom and gloom I have to say there is more people in this world who rather have their head in the sand not knowing what’s happening around them than those of us who are truth seekers!! Although I don’t follow social media I have been following your channel for a while and you have a pretty good balance in what you cover in your channel that’s what is called research! Research is suppose to be informative it’s not meant to be for entertainment and that’s what you bring to your channel and you are doing a great job at it!👏👏
    3
  35238. Lot of great info on the east coast.
    3
  35239. Medical Insurance/dental was not mentioned...Trust me, you will need it eventually.
    3
  35240. I started laughing when you brought up the weather. The absolute silver lining of the hurricane. But what a trade lol.
    3
  35241. im trying to decide between these 2... it is confusing cuz trade offs everywhere u go
    3
  35242. I have never and will never buy a new car. I pay in cash and purchas from private partys only.
    3
  35243. Haha. Thanks. I do love the beaches and the great weather.
    3
  35244. Yes, I hear you. It is a great place to live.
    3
  35245. That highway next to the airport can be tough
    3
  35246. Maybe we need to redirect our🇺🇲 hard earned 80 billion in tax dollars 💸 sent to foreigners in the Ukraine 🇺🇦 🤔
    3
  35247. We’re really considering a Florida move. We’re in Maryland now and tired of the high taxes and politics. Been to St.Petersburg area and the beaches in there. Love the west coast, siesta key, passé grill, Anna Maria island and all along that area. We’re retired and we are not millionaires lol so looking for something reasonably priced. I’m surprised that a lot of people recommended St.Augustine but may check it out. Been to Clearwater, Indian Rocks, Reddington, Medeira, and on down to Siesta Key. So we will see. Great video!
    3
  35248. I thought dude at 09:35 was looking for a fight 😆
    3
  35249. What area is this? I know it’s south of Haulover Inlet. One of my pass times pre pandemic is photographing models for fun or for their agencies and I hate shooting in SB in the morning theirs always people Bert staring. But this stretch looks calm even when things go back to “normal” my guess this is more of a residential area rather than tourists? Btw it’s super cool you make random shots of dunes, plants, birds etc it kinda immerses you into the whole vibe. Pretty relaxing.
    3
  35250. Michael Bordenaro The one downside is maintaining relationships with people, even family. When I hear others say their significant other is their world I cringe thinking but one day they won’t be here and you’re relying on someone else to be your world? It does seem as though there’s an inability to truly connect with those who don’t share the same outlook. I get calls from friends saying ‘I haven’t heard from you in awhile’ then comes guilt & it’s almost a struggle to find a balance. Not many ppl would open up on YouTube as you did in such a relatable way, took courage and I’m sure opening up left you feeling a bit vulnerable yet so refreshed.
    3
  35251. Elon Musk is building small homes for about $15K. Not sure when they are actually ready for purchase. I don't see it making much of a difference though. You still need a lot. They will only be about 250 sq feet so most people will need to have 3 of the side by side.
    3
  35252. All about choices! It is just like living in a flood zone and no flood insurance. Oh well.
    3
  35253. I could not agree with you more. Ironically, the liberal places like my state of California have the highest barriers to any new construction in the country, hence, the most homeless folks and highest housing prices. Texas, and Arizona that have both land and fewer barriers to construction have enjoyed huge population growth, and prices there will very likely fall back down to the "affordable" range in the coming years of the inevitable crash. Of course, popular coastal cities like Miami or San Diego just have no desirable land left to build upon, so replacing cheap with expensive housing is the only option for developers to make money there. Making virtually all local zoning a federal crime (along with any other local or county government interference with construction) might be the only solution.
    3
  35254. Great video, thanks for all the good information! Stay healthy 😊Kellie
    3
  35255. Excellent
    3
  35256. I just don’t understand how when someone offers way over asking price how they can get financing without a comp for that and especially if they don’t have extra cash to close the gap
    3
  35257. The same in Germany!
    3
  35258. How many miles you have?
    3
  35259.  @MichaelBordenaro  Wow that's almost new is very interesting how the light come on !!! Have a safe trip Michael!!!
    3
  35260. Congrats on the award!
    3
  35261. You're my soul brother! Love your videos and frame of mind!
    3
  35262. The "pending sale" thing is garbage... several pending sales that end up going back on market.
    3
  35263. What city are you living in now
    3
  35264. I live in a 2700 sq ft house in NE FL and my electric rarely gets up to $150. Highest are in summer months and I keep air on 76
    3
  35265. Thank you for being so honest and presenting the REAL positives and negatives.
    3
  35266. Stock Market it's manitoulated so what's the point investing in it it's better to buy some silver or gold the real thing 😉 Thanks Michael
    3
  35267. I partially agree- the only thing is that the Boomers and Gen X had good work ethic. The following generations don’t, on top of most entering their adult lives crippled with student debt. Now add the Feds constant manipulation whenever they want, inflation etc. Even if they had a dime, in 30 yrs it would be worth nothing. Retirement is dead, funding the Boomers now. The gov will have to fund the next generations to come, there’s no other way
    3
  35268. Nothing like those gulf sunsets
    3
  35269. What happened at Champlain towers could happen at any other building in your area. The key is maintenance. As a retired builder I explain what happened to that building as simply as I can. For the non industry people out there think of the accident like this. In simple terms: Have you ever seen someone pull a table cloth out from under a fully set table of dishes and cups etc..? Well think of the pool deck and overhead ceiling of the garage area as the table cloth. The table cloth is attached in this case all along the exterior of the building with concrete slabs that are sewn together with rebar into the outside carrying wall and columns that are holding up the entire load of the building both Dead load ( the structure) and the Live load ( the people , equipment and possessions ) The deck ( table cloth) was severely damaged by water and concrete spalling and it collapsed thru the carrying columns leaving the deck attached to the outside wall and carrying columns being yanked OUT OF PLUM. Just like what would happen if you tried the table cloth trick but instead of pulling it very fast leaving the cups and saucers standing upright, what if you pulled it very very slowly a tug at a time? Well the cups and saucers would come crashing down. Well that is exactly what happened to Champlain towers. The structural integrity that transferred the Loads to the columns was no longer able to do its job. The columns were pulled out of plumb as were the walls and the tremendous weight above just did what Gravity does when it no longer has legs to stand on. How many times have you had your knees buckle forward? You fall very quickly without warning. Sadly , the buildings owners and associations knew exactly that the building was moving and that the deck was in bad condition three years prior to the accident. My God what a tragedy. If you live in a high rise, speak up and demand to see any and all inspection reports. Personally I would not live in a high rise building. I have built too many of them and I know what goes on some of the time. Those buildings were built from the easiest and least expensive way to construct a high rise. If a building isn’t built with a steel skeleton and curtain wall exterior , I would not live in it. And if it were built like Champlain towers I wouldn’t even consider living there if it’s more than 25 years old. Good luck to you all. God bless ✌🏻🇺🇸
    3
  35270. 18:16 MICHAEL BORDENARO ROCKS OUT ON HIS GUITAR 🎸🎸🎸🎸🎸🎸
    3
  35271. Thank you for reporting about living down there in a beautiful Florida.
    3
  35272. That’s the car you deserve!!! Thanks for the great content!!!
    3
  35273. Michael Bordenaro I know you have thousands of Subscribers and you don’t know me personally but I live in NY and I have been watching your videos for a long time. I had mentioned to you one time that I put on quite a bit of my family members to your channel . They love your channel as well and are really thinking of moving to Florida. It’s just a matter of the kids in school and job transfers. Again, thank you for taking the time out and sharing your Florida experiences.
    3
  35274. Thinking about leaving NJ and going to TN or FL. Leaning toward Florida to stay near the ocean!
    3
  35275. What is social inflation
    3
  35276. Makes Sense!
    3
  35277. Will stocks and the dollar start falling at the same time?
    3
  35278. I am in the same position. Priced out of Atlanta, been trying to find some free time from work so I can drive to the Carolinas to find an area where I can live and move my parents to retire near me. Some of those houses would be $80,000 in savings, I’m just worried I will end up living in a bad area. It’s so sad, I lived in Atlanta for 22 years, but am being pushed out because our city is 45% owned by investors. And I make three times the income of the average person here, so I can only imagine what the other locals are going through :(
    3
  35279. Really solid wisdom and truth here, Michael. I can relate. I think feeling inspired by our surroundings is very important to people like you and me. That is why a place like Florida resonates so much with us. And that’s why there is a strong chance that I will move to Florida when the time is right.
    3
  35280. I hear you. Thank you for those properties for any one if us.
    3
  35281. I tried to move home in 2016... I was there just over 2 months, for Christmas and nothing worked out. I guess it just turned out to be a very expensive vacation. I miss Florida everyday.
    3
  35282. Rich Dad poor Dad, says you shouldn't own your home. Rent. Insurance and upkeep aren't your problem then.
    3
  35283. This was a great video. I know this one had to be good and long to fit everything in, but I think others should be shorter. Twenty minutes max.
    3
  35284. Pre-Andrew it was so much cheaper to build a house. A 30,000 house then with $300 insurance vs a $700,000 house now that requires $7,000 insurance.
    3
  35285. I guess you got your insurance reconsilde. Not sure, hey love your videos, your a college professor. Dude you are on spot.
    3
  35286. You pay in Bitcoin and it gets converted to dollar right away by the seller (if they want) you dont have to hold bitcoin.. If you pay for an item at a store or any purchase, if you choose to pay with bitcoin it looks at the market price, it asks you to pay that amount in bitcoin and as soon a you do it converts it to cash and settles transaction in cash/ you moving a bitcoin or fraction of to a wallet of the other party - they do what they want cash or. keep in bit - many times the machine is set up to arbitrage across exchanges for even more profit
    3
  35287. Is it just me or is a million dollars nothing anymore?
    3
  35288.  @MichaelBordenaro  thanks for your words Michael!
    3
  35289. Excellent video. You kept things totally 100 and I appreciate it. Thank you!
    3
  35290. Hello,I just subscribe to your videos.Your videos are the best!!!What do you suggest for a single person in Miami? I would like to buy a place there near the beach .Maybe an apartment 1 or two bedrooms.I want a place like as home sharing.I can rent or do Airbnb.Do you have any video about What I'am talking about?Please let me know.Thanks
    3
  35291. Another banger video Michael!
    3
  35292. All year long tbh. I live in south west Florida and the heat is sometimes unbearable.
    3
  35293. Got bit on the back of my leg by a pelican on the pier there.
    3
  35294. Carlos, Michael is the only person who gives us the honest truth.. heck yeah 👊🏾
    3
  35295. LOL Michael, you’re the East Coast version of “I Allegedly”.
    3
  35296.  @MichaelBordenaro  Exactly. I hope by the time my lease renews…they take that into account and not raise it to where they currently want it. They collude with all the other apartment complexes in determining Base Rents, or at least make note of it. Such a rip off. Not a good time to be hitting retirement age.
    3
  35297. Excellent video
    3
  35298. What's going to happen is this: The Fed will create a recession, inflation will go down, unemployment up and when people start complaining about that the Fed will print more money again and will kick the can down the road one more time, 30 trillion 40 trillion does it even matter anymore?
    3
  35299. Wow how cool is that! Congratulations. You did brilliantly.
    3
  35300. It is more crowded compared to my first visit back in 2014 before I moved here. Back then I was staying in Cape Canaveral on the air force base while I was in the military
    3
  35301. Very helpful! Thank you.
    3
  35302. California homes do that a lot and I agree with you about garages
    3
  35303. Coral Gables 🌴🇺🇸 Hehe. Irreverent. Prices are way too high ! DAH ! !
    3
  35304. Way to rock the Dual Rectifier brotha
    3
  35305. Along with increased price of food they have reduced packaging. A package of BACON 🥓 IS NOW 10 TO 12 OZ. For example. volume decreased along with price increase. Some have not even noticed.
    3
  35306. You sholl can't lol you need at least 100k a year
    3
  35307. I am a autobody tech do you know what city in Florida would accommodate my career more so than others
    3
  35308. Be safe🙂
    3
  35309.  @MichaelBordenaro  Absolutely! She was so accurate! And I agree! Online is great but I think that it is created an illusion of intimacy and it breeds more surface level connections than anything. I see a lot of my friends mindlessly swiping! I would love a time machine right about now. It sounds like dating was so much easier back in the day 😂😭. Hoping for some luck in this new year!
    3
  35310. Aye man, Appreciate your insight on this topic Brodie. You broke it down to the last compound expeditiously. Keep doing what you doing man 🦅
    3
  35311. Seems like a lot of vloggers traveling all of sudden
    3
  35312. It’s weird to see lumber Jack in Miami 😂
    3
  35313. I have a few questions my friend.and im willing to pay for your time no problem.this is important to me and you seem like an honest guy.please let me know if its possible. Sorry if i habe a few grammer mistakes.english is not my native language
    3
  35314. It's Californians moving out. California is the only state where you can make over 100k a year and still be considered poor because everything is so expensive. The only thing that concerns me about this mass exodus is the shifting political balance of the state they go to. You can look at last year's Presidential race to give you an idea who is moving where and what they might do to the state's future. Texas and Florida are getting a lot of Red leaning people out of California; meaning the those states will be the same 10 years from now. Arizona and Nevada are getting a lot of Blue leaning people out of California; meaning the those state may turn into mini Californias in 10 years.
    3
  35315. If people can't afford to eat how can they afford to pay student loans.....
    3
  35316. The downtown area is what you described and 90 call% of St. Augustine beach is even more expensive or overpriced so really most people are moving to new properties west towards the highway 95 or north in the direction of Jacksonville
    3
  35317. Have you ever seen a Gator in your walks?
    3
  35318.  @MichaelBordenaro  Thank you. 👍
    3
  35319. If your working for 7.25 per hour there's a problem here where i live 14.00 at McDonald's and if your willing to get off your ass and get a job in construction youll make bank..if you want a job they are out there in groves..i started people out with ZERO experience at 17.00..PLUS benefits...if your broke its your own fault..dont give me sob story...get off your ass and go find a trade...not just a job.
    3
  35320. This is the exact case with my wife and I. Our home is up 80% in value in 27 months. We listed it and went under contract last week for 100K over ask!!
    3
  35321. Love the Q&As. Michael as I have stated I moved to Sarasota 3 months ago and retired. I am renting a very nice townhouse downtown but for the rent, I am paying, I could get a very nice house or condo. I noticed the HOAs are nuts for most communities. What is your experience with HOAs and how much do they usually go up per year. If I am going to get a million-dollar condo and pay 900 plus in HOAs I hate for that to go double every 5 years. It is kind of hard to pull the trigger on buying something when half the year (summer) wife and I will be in Europe when this Covid craziness is over.
    3
  35322.  @MichaelBordenaro  Thank you Michael
    3
  35323. That’s why you build in cash. Even it it takes you longer! I know a lot of families who have bought land in the middle of nowhere and saved up for 10 years and build their house themselves.
    3
  35324. Spend Labor Day weekend in West Palm Beach/Boynton Beach. That area is very expensive, even a run down condo is running $300K+ easily. I was not all that impressed with it, other than the beach itself. I wouldn't pay that much to live there. That's why I stayed at my friend's condo, free of charge. Also, I don't understand why this area is inundated with condos. Do people in Florida not like owning houses?
    3
  35325. Hello Michael-Greetings from Washington DC! Always like to hear what you have to say.
    3
  35326. If it is shipped by amazon but sold by a mostly positive rating third-party company is that ok?
    3
  35327. Alot of current listings r close to the Zestimate numbers...ridiculous. I don't event trust the rent estimate...later in the vlog u mention the false rent estimates lol
    3
  35328. Great discussion! Hope to see more.
    3
  35329. Michael Bordenaro I hope it doesn’t pass either man tax payers and property owners are fleeing Cali for Texas and Florida like crazy. The State has massive budget deficits that keep getting worse and worse so they’re desperate at this point to steal as much money as possible
    3
  35330. Not interested in AI content. Want to see real people.
    3
  35331. How to you suggest finding new/preconstruction at lower prices. As most RE agents claim business is booming. Even for cash buyers...?
    3
  35332. Very nice 👍 where is that neighborhood with all the lights? I would like to go and see it with my kids.
    3
  35333. Love that you kept your Camaro
    3
  35334. I see a lots of homes for sale at Redfin ... we dont have low inventory . Is the price tags , the HOA fees , the insurance fiasco .
    3
  35335. The student loan pay off was huge! I think Joe's party did excellent in this area. I'm happy for everyone that was able to pay them off.
    3
  35336. I started this 7-8 weeks ago during lockdown and found it a surprisingly easy , I've lost 12 lbs already. Do you ever break fast?
    3
  35337.  @MichaelBordenaro  I agree with the first two weeks being the toughest, my body was constantly craving breakfast. I've had some strange looks from people seeing me walk around town with a Pizza box at 11am (my first meal), to which I reply it's breakfast :D
    3
  35338. Hi, Michael! I can confirm the local municipality squeeze up here in Jacksonville. I have lived here almost my whole life and Jacksonville Beach just announced they are going to start charging for public beach access parking - over a dozen lots and adding more by the day. These public beach access parking lots have been free for over 40 years. Not anymore. Another tidbit: my best friend, who also lives up this way, was in Orlando, staying with her partner for a week, had half a dozen parking tickets on her car when she left his apartment to drive back up this way, for parking in an overnight parking lot that she has been parking in since they began dating over five years ago! She was instructed to park there and has never been ticketed until recently. She’s handling it better than I would. Thank you, as always, for your awesome content! 🙌🏼
    3
  35339.  @MichaelBordenaro  BTW great content, subscribed now. Sincerely, a Canadian. Lol
    3
  35340. You look gorgeous in those white t-shirts. It sounds you want to move to St. Augustine.😊😊
    3
  35341. LOL Lisi standing all up in the water trying to see a gator! She cracks me up whistling for them hahahahhaha great stuff. You are right about them not wanting to be around humans. They are scared to death of us and will hide if at all possible. Just like a shark they may be curious or mistake you for a snack if you act like their prey does. May attack if provoked, but they don't want us. There is a reason why they both have been around since the dinosaurs, they aren't stupid.
    3
  35342. Why not join a band or fire 🔥 up that Mesa cabinet ?! Do some riffs for your housing crash video's.
    3
  35343. Thanks!
    3
  35344. Love watching your vids just to see how the other half lives. Many people worked their whole lives and never had any money to save.
    3
  35345. That is perfection !!!
    3
  35346. Do not park on grass sign posted...next 3 outta 4 cars parks on grass...
    3
  35347. Powel is talking about intentionally driving up unemployment. The returns on treasuries are higher than what black rock and black stone are getting from rentals. It's a productivity problem. Worker wages pay back government debt (taxes), pay back corporate debt, and pay back consumer debt. Western world wages can no longer pay back more debt than need to be created. The more people exhaust savings, help, and stimulus the closer we get to a historic failure point. The same failure point the fed wants to get. Crazy ass folks!
    3
  35348. Oh shit RLP collaboration!!!!! Nice, great combo!!!
    3
  35349. Very good comments Thanks
    3
  35350. Michael, the new video venue is Great !....You know , just about all markets are distorted by 2 to 3 sigma ( standard deviations)....these really are Crazy Times !..I hope you're right, but really anything can happen.....It is very tricky to try to "quantify " human behavior.....It reminds me of that old TV show " Hill Street Blues" when the Desk Sgt. would say to all his officers ..." Remember be Careful out-there " !.....Godspeed...
    3
  35351. Sometimes you need a Vacation from your vacation !! (lol).....Also when you spend too much time on the "road" it's exhausting......Oh, Michael, did you go to the Friday night car show at Bob's last week? There is another one this Friday( every Friday).......Hope to meet up with you guys at Bob's this Friday !......Take care and have a Safe Trip !!...
    3
  35352. One option is to move to Kansas Housing prices are lower than the coasts
    3
  35353. If you pay people not to work, everything crashes. It's been tried before, called Comm You Niz Um. That's UBI. Everyone who does work will receive less, to pay for those that don't work. That's UBI. This literally, literally is the way to collapse an entire empire, no exaggeration. Paying people to not work. And yes. That's what they were trying out in Covid. We have GOT to put our foot down. It may be our last chance.
    3
  35354. One thing is for sure, if deflation is not applied the economy will not be fixed. Working people income do not match with the high cost of living.
    3
  35355. Such is the allure and draw of California...
    3
  35356. Oh wow! I didn’t know you were that closed… I thought about you when I heard the terrible news, so sad😔 You are absolutely right “ is a wake up call” the scary thing is like you said , no warning signs and that is probably the case for a lot of the high rise buildings there!!!
    3
  35357. I have never been there but the narration and the driving makes this video very watchable and informative!
    3
  35358. Opinion - keep showing the crazy flip attempts
    3
  35359. How could a real estate agent writer up a contract without positive proof of identity?
    3
  35360. Take a trip to Crescent Beach Siesta Key, baby power white sand, nothing like it in the world. Mostly private, but you can find some parking if you go early.
    3
  35361. I saw a young man on TikTok that lives in his car to save enough money for a down payment!
    3
  35362. I’m from NY. Miami is my second favorite place. I visit a few times a year. What would be the best way to find a place like this ?
    3
  35363. SATURDAY GREETINGS MICHAEL 👍❤
    3
  35364. Hi Michael, brilliant video! You might answered it but thought to ask anyway . once I made an offer on a house and it was accepted, can the seller change / increase the price of the house? Thank you
    3
  35365. not worth it
    3
  35366.  @MichaelBordenaro  it’s outdated & I don’t even like the set up, I know this one spot in Miami going for 1mil and it’s perfect.. got a big terrace & a balcony & the set up is crazy. I would rather pay that extra 250k.
    3
  35367. I'm a truck driver also working between 12 to even 15 hours daily.. So I'm in good situation to buy a house but I decide not to becuase of this crazy prices.
    3
  35368. How is tarpon springs does it get hit by hurricane ?
    3
  35369. I was thought 💭 u were 45-50 like myself
    3
  35370. Thanks for the heads up.
    3
  35371. Check stats at the your health district site. The number of death certificates are up about 10% in Las Vegas for example. Why is that do you suppose?
    3
  35372. Michael, are you OK? You seem to be walking in circles. I know this is true because I really like looking at all the homes and buildings when you/re doing your walk-and-talks, and during this video, I started noticing the same buildings started showing up twice over your shoulder.
    3
  35373. That's a great video! Thanks so much.
    3
  35374. I thought you would mention Phoenix with the apartments. If there's a vacant lot. They can build apartments or storage units.
    3
  35375. It's been raining like crazy. I think about 10 years ago, it rained nonstop for what seemed like 40 days. Hopefully, there's a way to capture some of this water and use it when we need it.
    3
  35376. Okay I'll say it... Take us to the beach man. Some of us live up north and she's getting a bit colder at night.
    3
  35377. A loss of 30000 equity is 600 dollars less property tax every year the loss sticks! What you called an olive tree looks more like a Live Oak though!
    3
  35378. I might get a Condo out there.. hurricanes do scare me tho can't front 😂
    3
  35379. Michael Im trippin brother. Not only is the MOST realistic advice but youve got a Recto and a Ledger print in the background. I’ll gladly subscribe
    3
  35380. THE BEATLES stayed at the Deauville Hotel-before making their Ed Sullivan show TV debut.
    3
  35381. How expensive is it to have a security system installed into a home or condo in Florida? How bad is the crime rate in Clearwater, Tampa, St. Pete? Would it be outrageously expensive to insure a luxury car such as a Mercedes GLA or BMW X3?
    3
  35382. 2 million for that crappy house. Lmfao. I hope that house sits for 30 years. Greedy owner.
    3
  35383. Man I could watch these walkthrough videos all day! And SoFi is my favorite part of Miami Beach...to your point on owning those fancy toys, I'd be happy renting them whenever I wanna play a little harder, and be glad to not have the headache of maintenance and monthly expense. In my opinion, Miami has an unfair stigma of carrying a high cost of living, when you can get dirt cheap rent right by the ocean, you really just need a good bike to cover the entire city, the beach is free, and the people and ambiance are amazing. Way better than every other big American city. Cost of living is what you make it, cost of living like a boss...now that's another story lol.
    3
  35384. While I’m building my dream house here in Miami I’ve been looking for a rental for a 6 bedroom house. I see rents dropping on those expensive properties making me think the mass migration to Miami is slowing. My neighbors run Airbnb and I see their house sitting empty lately. Or is it because I told them to stop it or face lawsuits 😅 probably both
    3
  35385. Man happy New Year first of all All right I have ben watching you for a minute and I like your content I hope you push yourself out there a little bit more you don't seem to post enough I am a San Francisco native born and raised and I have gotten a chance to see the housing market do some things that are just downright fraudulent and criminal over the course of the last 25-26 years it's a goddamn racket straight up these people are scalping real estate like the mafia organized crime scalps tickets outside of ballparks it's ben wild These people with reckless abandon have destroyed families killed old people by kicking them out of their homes on a regular basis and it looks like they're going to continue to be a threat to the national security and stability of the United States all for their own personal enrichment And it has to be stopped so believe you me when I tell you if the housing prices don't come down on their own actions are going to have to be taken to force them down through heavy-handed government regulation of the market because of groups like Black Rock and the like So rest assured this market is coming down it's going to correct fully it has to This business of groups like Black Rock Zillow and others hoarding properties over the course of years and decades while at the same time claiming that price tags on properties are high because we have no inventory while at the same time they're the ones causing the low inventory by sucking up all the real estate has just got to stop And through eminent domain if we have to Please let me know what you think about what I've had to say
    3
  35386. Great video
    3
  35387. Hell yea I love to see your Vlogs, Next you have do LIVE. Connect wit us Live weekly please !!!
    3
  35388. It's TRUE we have to love ourselves (not in a narcissistic way) before we can love anyone else! And that means self love, self respect etc and not letting anyone cross our boundaries. I admire people who can be comfortable alone and who like their own company..its one of the sexiest most attractive qualities a person can have.
    3
  35389. Great video!! Keeping your mind, body and wallet healthy is key as you are alluding to. Keeping all 3 balls in the air requires discipline, hard work and a bit of luck.
    3
  35390. Enjoy your videos, very good information. I also live in Illinois where you are from. I wanted to visit the Mecum car auction in Kissimmee but did not this year because of the pandemic. Maybe next year I will go. Have you been to the Mecum auction in Kissimmee? Florida is probably a good place for antique and vintage cars. However on one of your videos you mentioned mold on your Camaro, so maybe the humidity is not good for car collectors in Florida. There is a guy in Punta Gorda that is selling a huge collection of his vintage cars this weekend through the Mecum auction.
    3
  35391.  @MichaelBordenaro  thanks for the information
    3
  35392. I love how Travis talks a lot about not having emotions with FOMO and overall with housing. Your showing a lot of emotion here Travis!… But I get this emotion from you is about people getting hurt because of the actions that have come about and the consequences and repercussions that will affect the ones who do things the right way and to no fault of their own. How fraud, greed, ignorance and the lack of give a f¥€# screw the system. Power and control is out of hand and our democracy is falling apart. Thanks for the video Michael and Travis!
    3
  35393. Hay Michael , Great Video Thanks SO much for explaining about Citizen Insurance and scams. its on fire now. You are right about foreign investment in Land & Houses is a bad thing for the American Public. But frankly don't think Real Estate folks will go for it .
    3
  35394. Del and I been thinking of moving to Olando area so going to look at the hurricane situation there
    3
  35395. Lol !!! Michael!! I have been a night owl all my life !! That’s why we night owls need the beach! This life style is great for me but it has impacted my ability to interact with lots more people and some of my friends who wake up when I’m going to sleep ! Lol 😺 Thanks for sharing 👍
    3
  35396. My only reason to sell my home is to get a bigger nicer house for cheaper. I don’t mind giving up my 2% rate for a home that’s been discounted by 30%. Before you ask I refuse to pull a HELOC so even if I lose 30% on my house I won’t be underwater. HELOC’s are the real handcuffs. Not the sub 3% rates
    3
  35397. They won't stop until the people make them stop.
    3
  35398. The ocean behind you with the sky and the sand...so beautiful. I love your Florida videos.
    3
  35399. Florida was already expensive . These incredible Rate Hikes coming for Home Insurance will force many Retires to sell . Soon enough Florida will no longer be called "Gods Waiting Room' . As many Retirees will be forced out .
    3
  35400. Id like to see a video on Best Cafe Cubano and Cuban Sandwich
    3
  35401. Nice great share
    3
  35402. That hurt to watch after I just paid my 5K+ property tax bill on Nov 30th to get my little discount. ;) First time we had to pay over 5K. It's been close before but never gone over until this year.
    3
  35403. If you haven’t left yet drive just a little farther west and check out Navarre beach. That’s the beach I live near. Very peaceful area. The National seashore between Navarre beach and Pensacola beach is spectacular! Edit…just realized these videos are probably from your trip earlier and you are long gone by now.
    3
  35404. What about Cape Coral??!! We just bought a house there
    3
  35405.  @MichaelBordenaro  Wow that sounds great. Im definitely looking forward to those kind of videos. We are a couple, who are both health care professionals. And we are planning to move to Florida. But covid has pushed the plans further into the future unfortunately. But im hoping you are the realtor, who is going to fix us up with a house or a condo when it is time.
    3
  35406. $1650?? That's an amazing price with an amazing view. $1650 a month gets you very little in other big cities like LA, NYC, SF. I wonder if someone wanted to get a 30 year mortgage on a place like that if the payments would be similar to $1,650 a month
    3
  35407. In 2016 I asked my mom to use my 529 money to put a down payment on a home and she refused me. Now it's 2021 and homes have almost doubled where I am and I have no house and I lost $120k in the stock market. When I watch this video it makes me so upset.
    3
  35408. I couldn't afford that at this time but if I could I'd consider it do you by any chance only work in Dade County or do you work in Broward County as well?
    3
  35409. North Beach is ♥~♥ beautiful!
    3
  35410. Great driving tour! What a beautiful day. 🌞Don’t mind seeing any type of weather on these tours as long as you have commentary on them, lol. 😎
    3
  35411. yes Ocala
    3
  35412. This was a great video. I just started saving money today for my vacation home. We currently live in our dream house in Columbus Ohio and also have a few rentals in the area. We vacation in South Beach every year for 2 weeks and would love to stay there for a month every year. Was hoping to supplement the mortgage costs with Air BnB, but we definitely plan to keep the place forever until we can afford something nicer. What are your thoughts considering there's still high costs and flooding to worry about?
    3
  35413.  @MichaelBordenaro  Thanks a lot for your opinion. Last year we stayed right near Flamingo Park and fell in love with that specific area, so I'm hoping when I'm ready to buy there'll be some decent properties in that area.
    3
  35414.  @MichaelBordenaro  That's a really good point. The place we stayed in last time wasn't actually allowed The host told us to just pretend like we were friends from out of town!! haha I'm now considering a house, but I'm not sure I can afford a million dollar mortgage in just 3 years! LOL I'll just keep that in mind when I eventually look at Condos as well.
    3
  35415.  @MichaelBordenaro  Wow ok there's much for me to learn about the market down there. This is a good starting point. So Condo would be ideal then. Just double check the rules...
    3
  35416.  @MichaelBordenaro  Thanks a lot. I look forward to watching it!
    3
  35417. Is the Boca Raton condo Boca View? Lol
    3
  35418. Great video Mike, really enjoyed it . Buy some #Bitcoincash lol, cheers!
    3
  35419. Yes, so I have been following cryptos for a few years now, and I have always noticed that the large market cap ALT coins always end up looking like Bitcoin before they crash, which means BSV BCH ETC will all look similar soon to BTC graph.
    3
  35420. Great Landlords aren't sitting with empty units. Corporate Landlords are the ones who use formulas to set rents. Mom and pop landlords and our tenants make the system work. Not to disagree but it is sustainable... I have 80 applications for every unit. I do t need 80 tenants. I need 1. I pick best qualified.
    3
  35421. Enjoyed video thank you !
    3
  35422. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Hi Michael I’m JUST WONDERING IF THE HURRICANE WILL BE COMING CLOSE TO YOUR NEIGHBORHOOD??????
    3
  35423. Hey Michael, how about holding a seminar, show or event and invite your followers. We could share what we do. A great way visit Miami as a business expense. Ever thought about putting the temperature up?
    3
  35424. I’m not a people watcher but I’am a girl watcher !!🧟‍♀️
    3
  35425. Definitely review everything you want, very good reviews. Love the Beach as well, grew up on the Beach with almost all year summer so I understand you.
    3
  35426. Thanks for sharing. Love the content.
    3
  35427. I love how your neighbor is your fan🤩Are you also her Realtor?? (Or did I miss that part?)🥴
    3
  35428. Incredible that prices haven't corrected more with rates north of 7%... This is so depressing. I've been doing all the responsible things. Top tier credit, no debt, 6 figure down payment on the books. Then scamdemic hit a the 🚂 left the station..Didn't get caught up in the last couple yrs 🏠 fomo. Now very very limited inventory in my buy box I've been monitoring all year long. No need to move if you have a low 30yr fixed. 🏠 Is broken AF & i blame all of this on the FED (central banking a core tenet of communism)always playing God with the "cost" of $ distorting reality & effing with ppls lives...now look at the criminal 🤡s wanna rug you to fix the mess they created. Ppl really need to wake up to these financial terrorists. They're the bane of humanity. We need a SOUND $ Standard. Sound $ = sound society abolish the FED!
    3
  35429. Don’t change for those who have their heads in the sand. I love your analysis and look forward to your videos.
    3
  35430. A close friend of mine moved to Naples last summer. She was just telling me that her rent is going up by $1k when her lease renews!
    3
  35431. very good info!
    3
  35432. Im looking to relocate to northern fla within the next year. I need n enjoy your videos. Thx
    3
  35433. Michael you should check out Santa Barbara area to relocate
    3
  35434. "Crappy Old Houses" is absolutely right! Can,t believe these Sellers are asking $1MM + for DUMPS! This will change quickly
    3
  35435. Great video. Are you at least investing in a Roth IRA in addition to Real Estate?
    3
  35436. You are living the life. Life is about living our passion and that is what you are doing. I will be doing the same when I move to Palm Beach in 2020. The weather is amazing. 86???? So good.....
    3
  35437. Michael… Please tell us again what camera do you for your videos .
    3
  35438. You definitely are not repetitive in any time of negative way … You just keeeeep it the F REAL . Keeep the content coming 😁
    3
  35439. You guys make a lot of good points. With regards to the people who leveraged up in the upturn, buying assets that are now tanking, we will be hearing loads of complaints from them going forward. They will be the ones blaming the Fed, government and corporations and "the elite" and God and His Mother for the misfortune their own greed and FOMO and lack of savings has brought upon them. It is important that we ignore those people. Focus on the ones who will get hurt for no reason of their own.
    3
  35440. Nice place. I would definitely need a garage.
    3
  35441. Lots of the rude comments are probably coming from investors, realtors, lenders, and/or people who feel ashamed they paid way too much for their recent home purchase. Why else would a random person care enough to comment if your opinion didn't affect their life? I spoke with a lender a few days ago and she said "It's a great time to buy!" and sort of stuttered through it. I got the feeling she's supposed to say that but probably in reality just needs the income.
    3
  35442. The main reason is low paying jobs
    3
  35443. Try being a roofer in miami fl. Going from Kendall to nmb was a nightmare.
    3
  35444.  @MichaelBordenaro  i hate it man but what can I do
    3
  35445. I love this unit! The price is right, but the lack of amenities sucks for that fee. That is a unique way into the unit, lol. Great job with these tours!
    3
  35446. so buy intel?
    3
  35447. Trying to save up cash for this crash. But I’m afraid of another inflation spike ruining my cash pile
    3
  35448. I want my home value to go down.
    3
  35449. Don't buy from house flippers ever.
    3
  35450. Michael, what about SINKHOLES?!!!! scareeee
    3
  35451. California is worst i drove in miami and south Florida not as bad as california. Try driving in San Francisco Los Angeles
    3
  35452. Good info, great advice. You confirm that the way I handle my finances and investing strategy, is correct.
    3
  35453. Surprise, surprise, the market is still white hot in the North East, buyers are over paying making affordability unrealistic.
    3
  35454. It is a supposed "status" symbol to have a large lavish wedding and feeds an entire industry from childhood, Disney "Princes" esque' weddings or you are not getting your big $$$ day. It is such a waste of money if you cannot afford to pay cash for it. IF you are renting, have car and student loans, you likely cannot afford a $30k wedding which is really reasonable.
    3
  35455. The problem with this “pending” recession, it has mixed signals. There are still lots of people with either money or credit who are happily still spending. United Airlines announced the largest Boeing purchase in history, claiming they expect their airplanes to continue flying mostly full for many years into the future. We are seeing severe differences between the haves / have-nots. Between the brave and the fearful. Between the risk takers and the cautious. Its like watching 2 different movies simultaneously, with 2 very different plots………for some, it’s the roaring 20’s, 2000 series……..stay tuned.
    3
  35456.  @MichaelBordenaro  True, but the winters here make me depressed as I get older (50yo)
    3
  35457. Question for you Mike! Bad does the heat really get and how bad do the bugs really get? Thinking about moving out there with my 73-year-old mother. No people joke about all the senior citizens out there. That being said how do they and the rest of you all tolerate the weather and the bugs? Thanks again bro.
    3
  35458. Wow! You are so smart! Thank you!!!
    3
  35459. Stock market dropped, housing market will crash soon.
    3
  35460. Great property, the place wasn’t as in your face luxurious as other Miami luxury living videos I’ve seen, which was surprising but fun to watch. Love the outdoor amenities!
    3
  35461.  @MichaelBordenaro  I agree! Looking forward to more videos like these!
    3
  35462. After 19 years in Miami, I finally hit Enchanted Place in person. It put a smile on my face.
    3
  35463.  @MichaelBordenaro  Happy New Year to you too. Staying in tonight and away from the amateur hour out on Ocean Dr.
    3
  35464. Saint Petersburg?
    3
  35465. Cool, thanks Mike.
    3
  35466. I guess we know where Michael is going to retire to
    3
  35467. Thank you For the important info Michael! The area I want to move to, housing has gone up in one year. I hope I don’t get priced out from moving to Florida! 🙏💕
    3
  35468. I would love to move to the Florida Keys someday and would love an analysis if possible on boathouses please.
    3
  35469. Love your videos !
    3
  35470. if im looking for places on zillow should I expect to pay a broker fee? Or is the broker fee included in the monthly rent price? thanks for the video
    3
  35471.  @MichaelBordenaro  Thanks for the reply! im looking in miami...also from your experience, whats the avergae credit score needed to score a studio apartment lets say?
    3
  35472.  @MichaelBordenaro  got it! so mine is a 620, does it help if you can pay 3-4 months upfront in cash, assuming there is no guarantor and only 1 person renting. Im actually looking to move sometime early next year, thanks for the offer though.
    3
  35473.  @MichaelBordenaro  Thanks for your help, ill be in touch and I look forward to more of your videos
    3
  35474. Cape coral is very affordable
    3
  35475. It is . I have a condo there lol . I'm looking to move to Miami i like it better
    3
  35476. Cape coral is way to slow. I really don't use the apt but 2xs a year . Once I sell my business I'm out
    3
  35477. Amazing video! Right when you said you were in surfside I was interested because I followed the Champlain tower collapse very closely. Great video with both talking about that and the remote work concerns. That path seems like such a nice walk way and it was nice there weren't any people on it. Glad you could get some shots of it and interesting that the columns are still there. Have you gone through the 'Building Integrity' videos on it? I thought they were really good. At my work they used to have a 2 week in the office 3 weeks work from home but went to a 3 day in the office 2 day home model. I am an engineer that goes into the office to work with others remotely and I am the only one in the state at a large company. Kinda strange that everyone is doing the same thing and 3 days in the office 2 days home. Its messed up because if you only work from home 2 days you don't get to have a good sleep schedule with sleeping in because of not having a commute. I have seen other policies like this recently come in and I feel like it is a way to make people slowly quit rather than needing to lay off people. I didn't hear about the fed increasing MBS's that's pretty strange. That will be a good thing to monitor. I also heard Micheal Burry recently sold a large portion of his holdings.
    3
  35478. That was so nice being on the beach😊😊😎😎
    3
  35479. And yes it is getting warmer here in Chicago as I speak to you. It will be in the mid 80s here.
    3
  35480. Great points Michael, 100% agree with everything you said. I wanted to quickly share my experience: after getting a 25% rent increase, we got "mad" and I convinced my husband it was time to purchase before things got even worse, I thought we were following on the steps of Canada, Australia etc. with 1 million dollar entry level houses. Plus we are young Gen X who missed the train many times in life. Never expected the feds would be manipulating the housing market the way they are now. After a couple of weeks of search, we ended up closing on a house in Phoenix in April 2022, paid $6000 over appraisal. I'm now scared we will be soon be under water and afraid to make any improvements to the house. I doubt we will be selling any time soon though. Not the ideal house but could very well be our forever home.
    3
  35481. You set that Triple Rectifier above 3 and play, you won't be living there long.
    3
  35482. Cockroaches are the biggest bug I remember they are everywhere there
    3
  35483. 12% is just the STATE tax, and add on FEDERAL at around 10% for the poor up to 37% for the wealthy. So, if you are middle income, in CA, you should expect to pay around 32%-40% in a state where insurance and housing are extraordinarily expensive.
    3
  35484. What I wanna know, out of those million houses that are being built in the next year what’s the price range 🤔 ? And, What’s the definition of affordable anymore ?because in my mind I’m still looking for something that’s 250 K. 2 bedrooms, 3 would be better..Not big (1200-1500 sq ft). I doubt that they’re building anything like that especially with the price of materials. So I mean it’s still gonna be a problem for most folks 😢 🏡
    3
  35485. Hi
    3
  35486. Hey Michael, I was thinking that if I was working in Orlando but live somewhere like Chuluota, what is the realistic driving time to Orlando from Chuluota and from Chuluota to the beach? What are other places that may be closer to the beach but still would be able to travel to Orlando to work? And maybe you could do a video about living somewhere between Orlando and the beach.
    3
  35487. Thank you for this information. I'm moving to Florida next week I just got retired from school system but I got a job in Florida because I will not be able to afford the rent there if I don't. Still looking for apartments. It's crazy how much the rents have gone up since I started planning this move 4 years ago. I live in Massachusetts the rents and cost of living here can only be afforded by the very rich people
    3
  35488. Great video man thanks!!!
    3
  35489. New subscriber. Would like to know if there is a more preferable time to move and when rentals may be lower and more available?! I would think summer when snowbirds move back up north and if there is an “offseason” thanks
    3
  35490. Awesome thanks for the feedback. Keep me coming my man!
    3
  35491. "Hypothetical" I wouldn't be surprised if this is the new normal
    3
  35492. Some of the buy downs are for 30 years fixed! Lennar 4%apr for 30 years in Texas
    3
  35493. It’s all one big embezzlement and/or Ponzi scheme.
    3
  35494.  @MichaelBordenaro  I know you didn't mean to say anything bad about it. I'm just saying.
    3
  35495. California is bigger. Lot of extraordinary nature. However, people tend to live in the cities. Building on top of communities. Or in TENT communities. Wink! California cost of living is horrendous even in dangerous older places. We're wanting to move to Florida. Alot of corruption here and drug overdoses. Only getting worse BC they welcome overcrowding. FACT
    3
  35496. i am retired at 55. my entire portfolio is in hard money. bitcoin, silver, platinum
    3
  35497. What goes up eventually comes down…
    3
  35498. I absolutely would have LOVED to get a guitar lesson from B.B King or Eric Clapton!
    3
  35499. mesa baby
    3
  35500. Wouldn’t them paying an inspector to checkout the property have prevented this? Did they just go by what the builder said without an inspection?
    3
  35501. so... basically rent to own
    3
  35502. Stock market is literally rooting for you to lose your job so that they can make a buck
    3
  35503. But no one looks at what it cost for Hurricane insurance in Florida. OMG!
    3
  35504. Interesting Interesting Interesting
    3
  35505. Destin beach bordering miramar beach is the best spot in my opinion although there are many. I can see why they call it the emerald coast for the emerald water. We did not find great great places to eat so let us know if you do.
    3
  35506. Red Wood footage ? Yes Please
    3
  35507. 12:32 another beautiful home destroyed by foreign developers.
    3
  35508. I went to Pensacola for work one time and I guess they put me in a hotel in a really bad part of town because that place was sooo ghetto. Somebody tried to sell me heroin before I even got into my hotel room😂 I’m sure there’s nice areas, especially by the beach but I’m in Panama City beach now and there’s no place in this entire town that’s as ghetto as the place I stayed in Pensacola. Like I said I’m sure there’s nice areas but just make sure you stay in them!😂
    3
  35509. Corporate America is greedy! Period! $$$$$$$plus
    3
  35510. Great video. A lot of information.
    3
  35511. Thanks for the facts on the insurance lawsuits. They refuse to investigate fraud. Cars without screens and navigation systems and other driver distractions should get a discount
    3
  35512. Feeling hopelessness and dispair in the real estate market...
    3
  35513.  @MichaelBordenaro  Thanks Michael. I'm trying to stick to my guns and do all the things my traditional parents taught me. Save money, invest wisely, do not spend frivolously, be patient. When I see prices of gas, utilities, insurance, groceries, repairs, auto, homes, & taxes, it just looks so monumental I get totally discouraged. I can't understand how people are doing it? I'm staying the course and not giving in in hopes for a better opportunity and a chance to make my life sustainable.
    3
  35514. Open-door has a big foot print around the Tampa bay area i can't believe sellers call them but they do
    3
  35515. Beautiful. Fireplaces are a must! I am looking at moving to the Palm Beach...... if you can do a video in that area that would be awesome!!
    3
  35516. dude you just passed my house lol
    3
  35517. Michael, please continue to show the expensive homes on your walking tour.
    3
  35518. We just moved to Ocala, FL. from Carson/Reno, NV. It rains like crazy an hour everyday and I've come to love and respect it coming from the dry west. In fact, that big Mosquito fire in NorCal was less than 100 west of our old house and everyone back home socked up in smoke, one of the reasons we wanted to move cause summers have sucked for the 5 years from fires. Homes already down 20% since April. I know people that refinanced at the top and spent the money on home upgrades.. now they have a nice home way underwater. They're going to have to stick it out now or take a haircut
    3
  35519. This new Biden policy is Marxism/ Communism.
    3
  35520. Thanks for sharing! LOVE the water 🤗🏝
    3
  35521. Saw Josh at the beginning of your video....loved watching Million Dollar Listing...what do you think of those agents? And do you think this show will return? Are your videos helpful in your real estate business? Happy New Year!
    3
  35522. Nice to see your wife. ❤😊
    3
  35523. That castle was rather cool
    3
  35524. Two requests: - do a voiceover with the prices of the homes you show for sale. Some us just listen to your videos. - put a screenshot of your walking route after or before the video. Thanks
    3
  35525. Good video good points - in Jan 2021 COVID is still a problem as is rising tides. This should not discourage renters and visitors because Miami Beach is wonderful. Most videos including yours show the attractions in Miami Beach- shops restaurants and the beach. How about a "residential video" that walks Meridian, Euclid, Michigan, Pennsylvania South of say 15th Street. Which are the quietest areas of South Beach. Another idea would be a "Bicycle video" - where are the best and worst places in South Beach to ride your bike.
    3
  35526. Wow 😂 dog 🐩 stroller! Why does dog need stroller? Is it baby dog? This stuff are weird to me. I wonder why people spend their money 💴 on this stuff ? Because , we love our pets.
    3
  35527. I read today that when inflation gets as high as it is now, it takes on avg 10yrs to get back to 2% yearly inflation!
    3
  35528. Great video Thank you 🙏
    3
  35529. Excellent video Michael and Lizzy. We really enjoyed it. We live very near Port Orange. It's still a great area but prices are going up here also. Would be open to communication, but wouldn't want our little piece of paradise in a video. Godspeed!
    3
  35530. A Real Estate Agent in the Tampa/ St.Petersburg area told me that it was a reset because the prices had been under market for years. It made sense until I looked at the median income in the area. So I tend to think it is not going to hold. Between the large population of retirees and just looking at what’s offered for salaries on job listings, any reset of price cannot surpass what was 2 years ago.
    3
  35531. All the foreign investors out there driven the housing market to sky rock leaving the hard working Americans to no home. The government don't do anything about it?
    3
  35532. 😎👍🏼
    3
  35533. Hey michael, great video. Thanks for the info.
    3
  35534. I’ve started following your channel to learn more about Florida. I lived most my life in CA but a good job opportunity will take me to Florida and we’re really looking forward to it and going with an open mind. I just hope we don’t encounter a lot of people there that place a label on us simply because we’re from CA. I’m also loyal to neither of the big political parties, but I’ve found that a lot of people in “red states” tend to be always angry and quick to place labels on newcomers. I’m hoping for a laidback vibe when we arrive and no automatic labels placed on us.
    3
  35535. I want to keep dreaming of paradise. Keep it to nice sunny drives.
    3
  35536. Agreed. I’ve done the move with no money before in 2013 (Rhode Island to Massachusetts). I’m thinking about moving to Florida 2021 and this time I am prepared, lol. Yes, you can move somewhere without money, but it depends. It worked for me because I had a job and a place to stay beforehand. Those states are close. I would recommend saving if it’s a large distance and you don’t have anything lined up. I knew no one except my roommate, have something lined up because that will also add stress with being somewhere new. Great video Michael.
    3
  35537. Ironic that the caption on the side of that moving van is “Moving should be the easy part.” It is anything but that these days. Glad you are a good and conscientious landlord, Michael. I am sure your tenants are extremely grateful! I wonder if any of your neighbors who are renting, but looking for cheaper rent would be willing to be interviewed by you for your channel. It would be very interesting to get their perspective on the situation. Loved hearing the birds and seeing your neighborhood. Felt for you, walking in the hot and humid weather without a hat and no wAter. Glad you headed to the beach after that! Thanks for another great video!
    3
  35538. Hair is definitely a problem, humidity sucks 😭😭😭😭
    3
  35539. I really want to move to Florida and I was looking forward to moving to Orlando but now I want to move to Boca Raton and I'm afraid that if I move to Boca Raton I will be less safer there then I will be in Orlando what do you suggest just really undecided about what part of Florida to move to please help because of the hurricanes tornadoes Maybe
    3
  35540.  @MichaelBordenaro  ❤that answer THANKS.💯
    3
  35541. You’re in Central Florida and North Florida doesn’t start till you get to Jacksonville. Then Jacksonville all the way to the panhandle of Pensacola Fort Walton that’s called the panhandle of Florida. Sometimes us Floridians call the panhandle Alabama lol but Melbourne beach all the way to Titusville this all Brevard County. And you would love it here..It’s just so chill and close enough to drive south when you want to party for a weekend, That’s what we do
    3
  35542. Has anyone found a way to filter to remove/exclude 55+ age restricted rentals on any website? I'm looking in the West Palm Beach area. Any thoughts on West Palm Beach?
    3
  35543. Sanibel,Cape San Blas. Wherever you go you will make it interesting.
    3
  35544. Loans=higher prices in every field. Same goes with insurance.
    3
  35545. Another great video! Thanks
    3
  35546.  @MichaelBordenaro  👍
    3
  35547. I live in Jax and I love it . You should check it out.
    3
  35548. 1
    3
  35549. MB is on the right side of change!
    3
  35550. What about key byscane?
    3
  35551. Well, they predict US GDP growth of Q2 to be 2.3% so I don't know ... Expensive and beautiful 😍
    3
  35552. Well played😊
    3
  35553. Michael Bordenaro Did you drive to Florida when you moved? I think that I may drive to Florida rather than fly when moving there even after the pandemic is over.
    3
  35554. You look good Michael! Nothing beats the Florida tan even with stitches! Lol 🤩
    3
  35555. Can you do one in Port Orange, which isn’t to far from Daytona.
    3
  35556. Only 12.5 million, but since we are in a new bull market what's $30 million that it will go up to if we are in a new bull market? Do you see how stupid this is perma bulls? It's about affordability. Whose going to be able to afford these damn things if we are in a new bull market?
    3
  35557.  @MichaelBordenaro  yes cash would have been much better and costless! And waiting for those f** borders to open again!! 😡😡
    3
  35558. I suspect this winter season will be especially bad with all the new arrivals and the Canadians who couldn't come last year. On top of that is the advantage of having a governor who's done with jumping through every hoop the federal government puts in front of us. In Florida you're free to weigh the risks for yourself, so I imagine we'll see a lot of extra visitors who need a break from the masks and mandated jabs up north.
    3
  35559. Nice city, very clean. Well done video. A nice place to live, peaceful.
    3
  35560. Housing seems to be frozen. People with unimpressive houses may want to wait. Still think very nice housing can sell (not at top price) but average housing at high prices are sitting.
    3
  35561. WOW A LOT OF MONEY IT COST !!
    3
  35562. I use to work at that school for many years, the private school. It’s a nice school, but the area around it is a bit patchwork. I didn’t like staying late in that area. Seems like areas along Dixie Highway tend to be a bit like that. Oh yea, I have taken my car to the same place you went! Lol small world. How did you find that? So far from Miami Beach! Plus there are like hundreds of car shops to choose from on Dixie. Also, there is an Aroma Cafe across from that empty lot by the main road, you probably walked by it, I use to go after school a lot. Also, there is a cool Cafe, if you continue down Dixie I think, past Miami Gardens drive going south, called “The Alchemist” definitely check it out next time you’re around there! It has a great outdoor patio!
    3
  35563.  @MichaelBordenaro  haha cool! Yea when I saw ojus in the location title, I thought, who knows about ojus lol!!but yea been an area I frequent for years. Definitely check out the alchemist sometime!
    3
  35564. Last year I talked to guy that told me that of the 10 families that moved there 8 of them have moved back to Indiana.
    3
  35565. Last
    3
  35566. A LOT depends on one's definition of 'cheaper' here. After 25 of home ownership here on the CA Central Coast, outrageously expensive as my same cottage would be today - where else would I have been in a position to plant an entire year round fruit forest/garden that renders the grocery store price of things like avocados, oranges, apples, pears , strawberries, kiwis - and a whole range of vegetables - almost irrelevant to me and my family? Not to mention - as I've made my living as a builder for 30 years, how realistic would it be for me as an apartment dweller - or a even rental house dweller - to be dragging the components of my entire wood shop out onto the sidewalk every time a cabinet project came my way? So then suddenly we have to start a discussion of what renting a comparable warehouse space would entail , what use of solvents and finishes would be permitted by a landlord, ventilation, commercial fire code... You get the idea. Finally, if you're just a working guy like me and you have kids who have lived in any community along the CA coast for their entire lives? Virtually your only hope of keeping them rooted in those towns today lies in your ability to hand them the keys to your house one day. OTOH, If you're working from the assumption that we're all just people with desk jobs who frequently buy a home with no thought of a connection to the land on which it sits? Or if you don't happen to be doing everything possible to assure that your kids aren't completely dispossessed from the only town they've ever called home... Then I get it. In raw numbers, you'd probably do better putting any savings in rent into a solidly diversified mutual fund. But to suggest that it's just inexplicable to you why people still take that leap of faith when all the bean counters would advise you otherwise? I think that number crunching isn't really up to the task of defining the meaning of home ownership for many of us.
    3
  35567. You can find love in alabama just go to a gas station wearing jordans..
    3
  35568. Between Lakeland and Sarasota, which place would you recommend to move with my family.
    3
  35569. It’s a good thing I’m retired on disability.
    3
  35570. 100% agree Micheal!
    3
  35571. Honestly the traffic here isn't all that bad coming from Boston
    3
  35572. Prices will be begin to soften because people will not have the money. Unless your rich, the cruises, eating out a lot, flying home for Thanksgiving or Christmas, buying expensive clothing or vehicles will be put on the back burner. People will stay close to home. The backyard BBQ and movies at home will begin to become popular. The cost to fill my vehicle with gasoline was about $100. I’ve lost thousands in my 401 K. I can not support Biden and his agenda. In fact, I think he is a complete failure. Very disappointed in what he has done. I will only be driving to get to work, bank, and grocery store. No road trips planned. Perhaps, it’s not all Biden’s fault but all of these things are under his watch. I don’t think these politicians feel the pain of the average family.
    3
  35573. An important aspect of the stock market is that it represents the cost of capital. When stock prices are high, a company with poor cash flow can always issue new shares to raise cash and keep the lights on a bit longer. When the stock market crashes, it is not as easy to issue shares to raise cash, so companies with negative cash flow start massive layoffs to cut costs. The bond market crashing (higher interest rates) also means it is much harder for new companies to take on debt. Lots of people working at these tech startup companies with no earnings will find themselves unemployed. Peter Schiff has also noted that stock compensation is a big part of the employee compensation for some companies. You might take a $50k job that offers stock options if the stock option is worth $100k. What happens if the stock option has no value? Those companies can no longer attract top talent for the cash amount they are offering, so they become even more strapped for cash when trying to hire new people. It's a downward spiral until those companies go under. It's ultimately a good thing when malinvestments are cleared out of the market through bankruptcy, but it's a rough ride. Lots of job losses, lost income, lower consumer demand, etc. It takes time for the market and people to adapt to the new situation, find new jobs, and get back to spending money on things. Even the people who don't lose their jobs will stop spending money in the economy if they feel like they could be next to lose their job.
    3
  35574. Thanks for sharing! Well wishes to you for your health. Appreciate your videos.
    3
  35575. JP Morgan is 1.7 trillion in debt. Jamie is a reck!
    3
  35576. You are beautiful I love your hair
    3
  35577. Lies, damn lies, and BLS👿👿
    3
  35578. Usually reviews will tell you all the good and bad about an Airbnb. Just like they do for hotels. I always find that helpful 👌👌
    3
  35579. Congratulation Michael .👋👋👋👍👍👍👍💯💥💫😎🤓 .
    3
  35580. My mom +Husband lost their mobile home 2 Andrew.Loved hurricane parties as teenagers were invincible then.they moved 2 NM. I'll be back soon
    3
  35581. The beach looks so freakin relaxing🙃
    3
  35582.  @MichaelBordenaro  May I ask how much...interested
    3
  35583. Austin, TX, "Historic Hyde Park, 1920s bungalow w/ detached garage and a tiny yard, $1.4M And you can bet the wiring and plumbing a WAY out of code. Best of luck! LOL
    3
  35584. Love your video!
    3
  35585. I'm currently waking up at 5 am, 5 days a week. I HATE it.
    3
  35586. Sell a house and be homeless in the chaotic financial environment that we are now. Not sure is any advantage to it unless there is a strong urge to move.
    3
  35587. Don’t forget about palm city, or Stuart Florida
    3
  35588. The US government should sell all it's MBS
    3
  35589. Thanks very informative
    3
  35590. 4:00 3 Tesla's just sitting outside depreciating
    3
  35591. The people saying that make over 6 figures salary they don’t care about the people
    3
  35592. We say," the weather is invigorating". Not cold yet.
    3
  35593. Nearly 4000 subscribers now.
    3
  35594. Michael, I wouldn't buy at those prices for those new condos. I think the reason people would buy is for the fear of missing out.....or FOMO, and this method poses a high risk of being underwater on the investment. But then the saying goes they are not making any more waterfront land are they? I am with you Mike I think prices will not remain lofty as they are.
    3
  35595. Thank you Michael for sharing another great video today. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    3
  35596. This describes me precisely! I'm learning to appreciate timing more, and have what Kobe Bryant used to call "patient impatience". No way I'm waiting until 65 to put my roots into Miami Beach lol
    3
  35597. madness. madness at its peak.
    3
  35598. Tell me something I don't know. Taxes suck. I don't use medicare, Medicaid, I'd prefer less war in the world, my house has never been burned nor have I ever started a fire that requires fightfighters, I have no kids to send to school for free and yet 30%+ of my paycheck goes to tax. I would be more careful than asking people not to pay their tax though, not paying taxes is illegal and you asking people to break the law might put you i problem with uncle sam.
    3
  35599. I'm watching the # of views and likes increase Live while I'm typing this. I've never experienced this before. Pretty wild. ~ 🦋
    3
  35600. TRUTH!!!
    3
  35601. Beautiful area!💕
    3
  35602. Big weddings are a waste of money. For the guests. I don't mean the gifts. Gifts are good. It's the travel, rental car and hotel.
    3
  35603. I was in "social housing" in the UK. Fed my kids on sacks of boiled spuds. The local government gave me a GRANT (not loan) to become a Chartered Accountant. The GRANT was 50% MORE than I had been earning. I feel sorry for Americans with their student loans (and ever lurking nazis)..... I have UK/US passports... I live In Wisconsin in luxury. UK method is enlightened socialism where everyone (including the future taxpayers), wins...
    3
  35604. What are your thought on a 10/1 ARM? Intrest rate is 3.4 and caps at 7%
    3
  35605. We live in Vero, it’s not too big not too small, we love it here.
    3
  35606. Hey awesome video! Just found your videos, I've been wanting to move to a southern state for awhile now, and something about Florida is really calling to me. I definitely feel like moving would be a good choice for me due to environmental changes and different people, also a different start like how you mentioned. Also born in Illinois and man it is already cold. Missing the sunshine
    3
  35607. Buy a home or condo(depending on where you live, preferably a home), and buy below your means and below perceived market value. Buy gold and silver.
    3
  35608. Hey Michael when folks say enough is enough and as a united front all over we can take back this country..problem is it takes a united front..so folks will pay 100.00 for a new truck they will pay over inflated prices on houses..so until this country grows up and stands up well this is what you get..
    3
  35609. I’m having to catch up on videos as I’m now working M-F full time and M-S except Wednesday night part time so I don’t even get a break on weekends at least till tourism season dies down after summer then picks back up from October to New Years eve
    3
  35610. Looking forward to a St. Pete Beach video from you. I think if I ever leave South Florida it would be for the Tampa Bay Area mainly St. Pete Beach.
    3
  35611.  @MichaelBordenaro  I’m looking forward to viewing.👍🏾
    3
  35612. For the algorithm.
    3
  35613. Michael, all of YouTube commercials are Heloc loans while watching your channel 🤣🤣🤣. Heloc loans are paying for your channel unfortunately. You can't get away from all the noise...either lawn mowers or ships. Only in Florida. Love your channel!
    3
  35614. Those condos are sitting on unstable ground. Get out while you can...
    3
  35615. You mention in your video that you prefer to focus on positive change. So maybe the positive side of this unfortunate event is that it is a signal that it may be time for a change in location. If it were me, I would never be able to feel comfortable living there after what happened. And quaintness aside, I think there is something to be said for new construction and low rise condos. Great analysis in all your videos by the way.
    3
  35616. It will be very bad with everything, starting with short term rentals, people are taking day trips
    3
  35617. I think your idea to review the beaches was a stroke of genius. It would be good after you review a good amount of beaches to do a graph with the various categories you review with all the beaches . I look forward to seeing more of these types of videos.
    3
  35618. Great video Michael and thanks for your insight to these hurricanes, myself being from up north we have no real concept of these storms. But a question for you, since it looks like the track has changed course to the Fort Myers area, what about all those homes on Cape Coral, all those canals and I think they are only about 3 feet above sea level. Given that and the predictions of a storm surge of 5 to 10 feet what the hell are they supposed to do, that has to devastate the homes, thanks,
    3
  35619. yay!!
    3
  35620. Dude drive the 405 during rush hour or the 10 freeway!!!
    3
  35621. Hey YouTube unsubbed you from my account. Be on the look out. Subbed you again - looks like your message is giving some of the thought police heartburn.
    3
  35622. Sarasota is one of hottest housing markets in the country. Has been for years before covid.
    3
  35623. Ppl are getting allowance as adults😬. My place is tiny and cramped, but now I feel grateful. Stayed to help with inflation right now. I will keep quiet from now on😔🙏🙏. Truly is hard out here.
    3
  35624. Do you not have insurance for your house
    3
  35625.  @MichaelBordenaro  Yes! but there is a fire going on in Big Sur😢they hope to have it contained by mid July.😎🌴
    3
  35626. FINNALY ❤️‍🔥
    3
  35627. Of course it's a good time to sell. The only reason it is, is because prices haven't collapsed yet. People thinking about selling now, but procrastinate instead are going to really regret the missed opportunity. Some will pass their loss on to some sucker buyer, while others will be sending jingle mail.
    3
  35628. Great video and insights thank you guys
    3
  35629. Beautiful neighborhood, thanks for the tour 😊
    3
  35630. Also the "ev" makes for horrid conditions for people living in the congo. Decimating lands and living conditions for the community, stuck to mine unsafe and unhealthy conditions. And China owns 90 percent of them mines.
    3
  35631. Great video michael hindsights always 20/20 but good points all around. All we can do is improve for today so we bont repeat the same behaviors as before.
    3
  35632. so beautiful there. used to go as a kid forty years ago. there were no high rises at all. it was pristine. glad it's not wall to wall condos and traffic yet.
    3
  35633. It's sucks when FEMA makes you file insurance claims for flood damage when they know you don't have flood insurance and the claim is going to be denied any way. That non paid claim will still count against you.
    3
  35634.  @MichaelBordenaro  Hey Michael, I'm sure if you looked at the weather history it would all average out. I believe it's just due to the fact that when we age things just feel worse. We have the same thing up here in MI the diffenece is in the seasons. The older I get as with most people is the winters just seem more colder and longer and we can't tolerate them like when we were younger. That is why most older people want to be in Florida for the winter months.
    3
  35635.  @MichaelBordenaro  it is secluded but thats also one of the good things about it. It is the epitome of island life.
    3
  35636. I’d like to see you travel to Edgewater Fl.
    3
  35637. Often the best part of vacation is coming home and sleeping in your own bed.
    3
  35638. That is an amazing fact your present near the end of this video that the median age of homebuyers last year was 53 years old. Maybe the half of buyers over that 53 median age are primarily retirees who sold their insanely expensive homes in insanely expensive cities and moved to a lower cost of living places?
    3
  35639. Thank You for this info ma dude! It's the same type of stuff going on in Riverside Co , Ca.
    3
  35640. Love the Brazilian flag scarf
    3
  35641. Almost all homes for sale in SW Florida are double to triple price paid 1 year ago.
    3
  35642. Yup! And one day me lol!
    3
  35643. Read Graham Hancock's book, "The Civilization Before" about America's lost civilization.
    3
  35644. You need to show your girlfriend more. Seriously!
    3
  35645. I feel like it's important to not forget that the best case scenario is a mean reversion back to normal: housing crashes 20%, unemployment doubles is actually normal. The difference is a return to normal is very hard when there are 2 jobs per person able to work. As much as I want to believe that we are in dire straights, I know many millennials that quit their shitty jobs and started very profitable businesses, myself included. That information may not even be picked up on job reports that the government and the Fed uses to adjust policy. Something very bullish anecdotally speaking. My long term concern with housing appreciation is as the boomers retire and age out, they will be competing with each other to offload property to pay for retirement and a lot of that cohort may try to front run each other with their outsized housing holdings. They own waaaaaay more than any other cohort. Great video Michael, thank you!
    3
  35646. Well I need a bank where I can go to in person and cash my payroll checks and stuff
    3
  35647. The owners of that land property are insane!
    3
  35648. I'm from the Philippines its Summer 12 months a year...i can handle it. Lol... I'm from Chicago and i am not built for winter.
    3
  35649.  @MichaelBordenaro  im in the process of looking for a job there and eventually move my family there...jax, naples, tampa or orlando
    3
  35650. WOW! didn't know that this tax thing could happen in NY. It could creep up fast too for the fact taxes are high....some areas it averages 15K a year.
    3
  35651. Considering a move from Nashville to the ST. Augustine/Jacksonville area.
    3
  35652.  @MichaelBordenaro  Most won't sell with historic low interest rate. I have 2.7 In my neighborhood San luis obispo. Only one home for sale. 700k plus 1bdrm old wood bungalow. Large splitable lot. I'll keep you posted. Still available 2 week old listing.
    3
  35653. What gets me is all the year’s INSURANCE COMPANIES were making millions & had low claims NO ONE received a rebate for no claims ! I have paid crazy ins.premiums for 55 years ( yes I’m old) during that 55 year time I have had 3 claims. One lightening strike, 2 hurricanes. Yes, I agree things have gone up but insurance companies ARE NOT paying out for new cost’s unless there policies cover replacement costs & most don’t. I had to argue with my agent to up my coverage & it still would not cover a new rebuild of the same size should it be completely wiped out due to fire or hurricanes. I would love if you did a show on insurance company profits and salaries of CEO’S of said companies. Keep up the great videos. Love seeing your beautiful wife on with you too.
    3
  35654. ❤️ South Beach
    3
  35655. Hopefully, rising interest rates will purge out a large amount of zombie companies in circulation. Just look at the large amount of valuation that those “SPAC” companies lost since 2020.
    3
  35656. Im still a child because I want my eggs scrambled😂
    3
  35657. Bought a house in Melbourne, moving in a few months. That whole space coast stretch from Cocoa beach down to Melbourne beach is very nice! It’s picked back up with Space X and NASA and seems to be thriving! Daytona beach is touristy, and rough surrounding it. Anna Maria Island/Bradenton beach is amazing. If you can afford it, I bet that’s going to end up being one of Florida’s gems Siesta Key is just south of the Anna Maria Island area!
    3
  35658. Yea Zillow !!
    3
  35659. 🧚🏽‍♀️✨✅ Thx! I’ve learned so much from your videos :)
    3
  35660. Can you check out Destin? I haven’t been but am thinking of retirement
    3
  35661. Calories in calories out is not the truth you should check out Dr. Jason Fung on intermittent fasting I love your Florida videos
    3
  35662. I worked in the oil patch. It Bogled my mind, guys with $1000 to $1800 car and truck payments....wtf
    3
  35663. Miami is not the best really if you want peace and quiet. I'd recommend new Smyrna or Fort Lauderdale, Personally Miami is fun but I would never wanna live there; I live in Tampa.
    3
  35664. Great content, as usual. Good that you aren't walking Tampa in storm with all the lightning.
    3
  35665. I was gonna say, he missed the opportunity to say, “no matter what you order, your dinner is gonna be soup.”
    3
  35666. Red Tide occurs about every three to four years in the Sun Coast. It’s definitely not annual. It does seem to occur more often from Sarasota to Naples though. Dunedin is an excellent place to live but next time check out Ozona and Crystal Beach to. They’re just to the north of Dunedin. Downtown Palm Harbor would be good to feature to since you already did Downtown Dunedin.
    3
  35667. Good to know information yes that would be annoying to get there and not have a passcode to get in
    3
  35668. Glad to hear you’re still there. Hopefully I’ll be done there in the upcoming year at some point permanently.
    3
  35669. Hi Michael. I am not a US citizen but Canadian. Live outside Canada now. Do you have any idea whether I can buy a house/condo in Florida?
    3
  35670. I love it . Thanks
    3
  35671.  @MichaelBordenaro  it would be interesting to see if he actually runs!
    3
  35672.  @MichaelBordenaro  Yep that's what I thought. I do hope you return, as you expressed that you wanted to, as I would LOVE to see that cute little town in the snow!
    3
  35673. Go ahead, Mike, and walk through that mobile home park...lol
    3
  35674. First!
    3
  35675. In response to your question, $200 a month makes little difference. Housing affordability was horrendous when interest rates were 3% or less. It's housing prices that will need to change dramatically for that to change, regardless of interest rates.
    3
  35676. I would have shown a 1 year chart for Opendoor stock.
    3
  35677. I want to buy a property in FL. How do I contact you?
    3
  35678. Thanks for taking us along.
    3
  35679. I love the West Coast Beaches I’m from Ft Lauderdale. Spent lots of time on both Coasts. Hutchinson has beautiful water and Caribbean feel. Good Videos. Thanks!😎
    3
  35680. Miami traffic is terrible!.. move to Melbourne.. its another Florida... more quiet and a little cheaper than there.
    3
  35681.  @MichaelBordenaro  yes!..Satellite Beach, Melbourne city and Viera are very nicest places to live..a lot of militares in this area retires and active duty.
    3
  35682. Just cant see paying all those taxes. Unreal.
    3
  35683. I've read the top 3 of your listed books.
    3
  35684. At 17:48, you are approaching the REAL AMI which is Bean Point Section past the Rod and Reel Pier Restaurant....you found "the path"!!! Not many know of it....unless you stayed on the Island for a few days.....this is my favorite spot!! Always quiet and private.....
    3
  35685. Great video
    3
  35686.  @MichaelBordenaro  Most def man, I can appreciate that. This virus wouldn’t stop me either from visiting my family or friends. I’m sure your dad was thrilled to see you.
    3
  35687. Think rents in Florida will come down if a recession hits?
    3
  35688. When you want to visit but you can't due to COVID, these video's are torture! 11.00 I could lay on that beach all day!
    3
  35689.  @MichaelBordenaro  As soon as travel restrictions are lifted, I'll be there!
    3
  35690. But hey, let's defund the police and let these Soros funded prosecutors save the day! We see how that worked out!
    3
  35691. Great info.. thank you
    3
  35692. Dont stop vids. Forge ahead friend! 👊😀👍
    3
  35693. Have seen several people affected by rent scams! Do not pay through venmo, etc only use a card you can get money back!
    3
  35694. Thank you for some pragmatic suggestions about how to live within our means.
    3
  35695. I retired early at 59. Sold big property bought cash small home, my last. Paid for are a nice truck and hunting property. Sleds Atvs etc. No bills no big house. Oh I lost the 135lbs. I needed to beforehand…by getting the divorce that is. So reduce your load and overhead boys
    3
  35696. Michael Bordenaro I heard Florida’s smog laws are relaxed. You should put the newer LS1/LS2/LS3 engine in that car and you will fall in love with it all over lol
    3
  35697. Planning to retire in a few years at 60. Do not want to be a landlord in retirement, so I'll sell my rental property for about $400K net profit, and will live nicely off that plus $30K annual company pension, $24K SS, and $1 million 401K!
    3
  35698. Not many people have a company pension AND a 401K. Especially at those numbers.
    3
  35699. Keep showing the insane prices
    3
  35700. Very jice place my friend we are planning to move in Florida too I love the beach thanks for sharing.
    3
  35701. Thank you for always keeping me plugged into the economy
    3
  35702. Keep it real so give us drive tours in all weather please. Thank you
    3
  35703. What are your thoughts on buying land in Cape Coral and sitting on it until I build on it in 10 years when I retire from Massachusetts?
    3
  35704. Michael on fire today😂😂😂
    3
  35705. Palm Coast doesn’t have much to offer but for some reason it can be cooler than even St Augustine on hot days not always but occasionally and in the winter it’s rarely cold compared to Jacksonville with a week long stretch of 36 degree days in December and January
    3
  35706. I just left Palm Beach of 25 years to move to the St. Augustine area and I absolutely love it!!! I will say that I’ll miss the crystal clear blue waters. But, living in Florida, we do have the best of all worlds. My quest now is to see just how far I have to travel for these kinds of waters. That we can sometimes take for granted. lol But, I think New Smyrna Beach might be it, at less than two hours away.
    3
  35707. Hi from Australia and still Crazy here.
    3
  35708. You are very good at video editing.
    3
  35709. I like this drive . It’s nice to get the real picture of the streets and traffic , mostly because I’m not driving . The camera is very clear ✅ Your tutorial is great 👍 Your a good driver too. I worked in Southampton To be on time for my 8am it took 3 hours one way from my home in the summer. There’s only one way into the Hampton’s . I couldn’t get over how drivers could get into accidents going 3 miles per hour . Plus the construction! Why ??? Then two hours home . Great job Michael. 👏🏽👏🏽👏🏽👏🏽👍👏🏽👏🏽👍👍👏🏽👏🏽👏🏽
    3
  35710. Good luck in your house hunting. I am glad nothing happened to you. You will live a longtime. Don’t worry!😊❤️
    3
  35711. There is hope! I’ll be working on my patience until then.
    3
  35712. I was in Marco island last weekend, I love that whole area (Marco-Naples-Bonita Springs) , if I hit a small lottery I'd move there tomorrow, problem is there's no good paying jobs compared to where I am now in Palm Beach County.
    3
  35713. We are surrounded
    3
  35714. Looks like the one right off the side of 95
    3
  35715. My guess is there is a wave of people trying to buy before the rate hikes. Once those hikes start to happen in about 2 weeks, we may see a big drop in mortgage applications just as the spring market starts to up tick and we have more houses for sale I think 3-4 months after the March 16 rate hike we should maybe start seeing a trend of prices correcting. Maybe not a crash but let’s hope for at least a correction and downward trend. The last “crash” lasted like 2-3 years. It was slow so maybe this spring or summer is the beginning of a slow drop in prices
    3
  35716. Yea I was watching some update videos on this and it looks like if this war continues the feds will play it safe and only do 0.25 rate changes. I was excited of a potential 0.5 increase because that would certainly cause for some shock into the market to say at least "hold on now" If they do stick to 0.25 increments then I just hope they happen every meeting and I might just have to wait until like Aug, Sept to start to see the market adjust to those new rate hikes I think I speak for most of us looking to buy that these have been the worst 2 years ever for home buyers because it's not just the prices...it is LIVING WITH COVID. The mental fatigue is high and as covid starts to plummets, this damn war happens. Can we just have some fkn normal back? lol
    3
  35717.  @MichaelBordenaro  yea, the feds are a big reason why this is a problem. They should have raised rates last summer but you know "It was transitory" it's still mind blowing that even after they said "lets retire that term" they STILL haven't raised rates ONCE
    3
  35718. Yes, the property tax rate seems relatively low in these ten counties, but if you live within an incorporated city or town in one of these counties, then you'll also pay property tax to the city of a few to several hundred dollars. Also, these county tax rates likely do not include the property tax portion for public schools, another several hundred. The county, city, and school property taxes are all separately itemized on the property owner's annual property tax bill. I suspect that the tax rates you're showing do not include city and school taxes. Lastly, these median values seem artificially low - they are likely the value that the county puts on the property for tax purposes (I think this is called the "assessed" value). The value that you could sell it for (the actual market value) is much higher. Under FL's "Homestead" rule, the county can only increase the home's assessed value by a max of 3% per year. If the home is sold, then the county resets the assessed value closer to the sale price. This benefits long-time resident owners, and is the intent of the "Homestead" rule and FL's "Save Our Homes" rule.
    3
  35719. Just got back from viewing a few houses. They literally smelled. Top price, no updates, & they reeked. No thank you. I'll wait.
    3
  35720. This is very educational Mike. Thank you.
    3
  35721. Question for future podcast. WILL YOU EVER HAVE A BABY?
    3
  35722. These are the reasons we cant live in a house! We are New Yorkers and cant go from a coop to a house. Too much trouble!
    3
  35723. Thanxs brother
    3
  35724. Good info! Thanks
    3
  35725. Hi Michael, you have great content. Do you consider living on the outskirts or surrounding areas of these 'best places' sufficient to experience the lifestyle or are your recommendations based on actually living within walking distance and actually in the downtown of the places you mentioned? So, would a person moving to the Palm Coast (15 minutes from St A) experience St Augustine the same as someone living in St Augustine downtown walking distance. Please give your honest opinion on this factor. Thanks !
    3
  35726. I like your info especially for all incomes and safe areas places to lived away from the 🏖 beach
    3
  35727. I've live in this sleepy little beach community in north Dunedin for many years. You chose the most perfect bit of Curlew to start your video out. I always get a peaceful feeling when I'm rounding those two curves on Curlew heading west and the water tower comes into view. Just a couple of notes: You say "Caladehsi," we who live here say "Caladeezy" ... oh, let's call the whole thing off! (For those old enough to know the reference...) And about the red tide -- unfortunately it is caused by fertilizer runoff, from gorgeous lawns and industrial agriculture and fertilizer manufacturers -- that all drain into the gulf. It's a hard situation to solve, but we do have fertilizer bans during certain months to address it as a first step. Maybe one day we'll all turn our lawns into organic victory gardens. (I dream.) But it's not a deal breaker for us to live here. The beach does get a whole lot of traffic. That's a drawback whether you live here or not. And you're not going to really get a true sense of winter traffic until the northerners fully feel free to travel again. Some of them do, some not so much. All in all, a laid back feeling here, and yes, the sky does seem bigger out here than in town.
    3
  35728. I got excited when I saw the Raw Juice Bar! 😄🍍🍎🍌🥕🥝🍋
    3
  35729. Real estate is local. Right now hotel prices are outrageous on the SW coast.
    3
  35730. I feel like you made this video just for me. To shut me up about Florida being better than California. Mission accomplished! 🤐
    3
  35731. I'm focused on equity in my home. The more i own the less risk i have off losing it all..
    3
  35732. Wages haven’t kept up with the cost of living for decades. Consumer debt is reaching a breaking point. We are seeing the effects.
    3
  35733. Hi. I'm a loan officer. I'm leaving mortgage and going into debt settlement. Only makes sense. If people don't think there is a recession...they are mistaken.
    3
  35734. i dont have a million dollars in mid 30s, it feels weird seeing a 12 million dollars home
    3
  35735. Wow that’s crazy I 100% agree with you
    3
  35736. 😊
    3
  35737. Prefer a gated community.
    3
  35738. Appears that Miami is a huge cash cow for FL given the property taxes you are reporting.
    3
  35739. Imma nerd & I love theme parks
    3
  35740. I'm glad you came up with this video content, needed a boost. I buy in fractions, just bought more after watching your video.
    3
  35741. That money aint free, Taxpayers are paying it.
    3
  35742. Does opendoor have any money to payout the suit?
    3
  35743. The day of the collapse I was vacationing in an eerily similar tower of condos. My family and I agreed that day that we were never staying in a high rise again. The last night before we left was a nervous one. Prayers for the victims and their families.
    3
  35744. I was hoping I was gonna see myself in the video passing by down on the sidewalk 🤣 I'm always out and about after the gym lol
    3
  35745. let's find a beach front property and build a complex of 4-6 sixplexes of swell units made of shipping containers..5x 6flats x1.5 k per month=45k per month..reverse engineer it.. the first floor is parking ..height of palm tree..3 units per floor x2 floors...pre-rent them for 3 years..then build..just have a model unit-showroom-first unit part of complex...raising it gives more privacy and a better view..large balconies..allow Airbnb , keep some units for that...maybe in lake wort, just south of palm beach..arts college nearby..cool vibe..less traffic..reset ongoing there..places like Dunedin or Naples on the west coast are also more affordable..around Fernandina beach or amelia island..kind of chill places for shrimping..more wilderness..more wild dunes..even places like Yankeeville or Williston, more of a Norman Rockwell vibe..running tours in 12 people buses of explorers, wannabee relocators..run a tour every month..do videos..and create some type of magic..magical moments..also a tour of the great rivers of Florida..bass fishing + playhouse+museums..+beaches..+art+music..the full offer of Flarida..lol..
    3
  35746. My wife wants to move there….I’m mainly concerned about the heat.
    3
  35747. Yeah you definately have a scammer . I just ignored it. Thank you for making these every day.
    3
  35748. I like and watch your videos a lot. We just sold our place in Bozeman, Montana. We want to maybe move to Saint Augustine, Melbourne or Daytona Beach. We have even thought about moving to Savannah or Charleston.
    3
  35749. It doesn’t matter,. People are going over the cliff with either their foot on the break or accelerator 😢
    3
  35750. Here in Fleming Island, FL home over 500k is 3/2 2100 sf move-in ready in a nice area. I noticed cheap and more expensive homes sell, but homes an average family would buy sit on the market.
    3
  35751. I would be leery of sponsorship. Just make sure u still OWN it. I heard of how sneaky they are and you nonlonger own your channel
    3
  35752. Interesting and I have to agree with you. This craziness need to stop! By the way, where is the neighborhood you've recorded this video? Look nice and peaceful.
    3
  35753. That is what's called a 4x upside down. Losses are fixup costs,carrying costs, under purchase price resell loss and personal labor losses. WOW JUST THE START.
    3
  35754. Michael, I think that the e scooter is not that ideal comfy, as it may be with a scooter motor bike. Ur camera should fit better on there. Just my thought. Love the videos. Yeah like you said, ur clients here are wide, than ur one on one. Thank you
    3
  35755. Don't forget about the tornadoes here. While lower than tornado alley still happens here.
    3
  35756.  @MichaelBordenaro  we are right between Dunnellon and Crystal River so higher up on the Gulf side and definitely get more action in this area.
    3
  35757.  @MichaelBordenaro  no problem. As always you have a great video full of relevant content.
    3
  35758.  @MichaelBordenaro  well it's true. Keep making great videos!
    3
  35759. Thanks Michael, great video. What do you think the prospects for a loan signing agent are? I'm planning my move to the Gainesville or Jacksonville area. Thanks for your reply!
    3
  35760. I don't have problem with envy. However I wonder next lease renewal how will I keep my apartment up 400 in yr.
    3
  35761. Hotels are way way cleaner
    3
  35762. Michael Bordenaro I would really appreciate it! I was wondering what are the most important things to factor in when looking for an apartment and a home in Florida? We’re looking to move to an apartment for the first couple months and then house hunt. Here in Boston the winters are brutal and im an expert on winters here. In Florida people don’t have to worry about that, but there is hurricane season. I just wouldn’t know what to look for when purchasing a home or how to be prepared for those times. Also, what areas would you recommend for a city person? I like having my own little space in the world, but being too far away from the city makes me so anxious! 😂 Also, just what are some things in regards to weather, jobs, prices for general items, or the housing market that are unique to Florida that we should prepare for. Also, are their any big scams to avoid when looking for an apartment? We won’t be able to get something in person so I want to make sure I don’t fall for any traps. I’ve been looking for this info on my own, but it would be nice to hear it from someone who live there and works in real estate. I would appreciate and recommendations or feedback. 😊
    3
  35763. Love the term “beach ready”.
    3
  35764. Thanks for all the information, very useful.
    3
  35765. I just love that you walk around Miami, have intelligent & interesting vids & nice scenery.
    3
  35766. I didn't realize why I haven't slept through the night, until listening to you. I don't know why I suppressed this, but when my youngest was a few months old, we rode out hurricane Wilma in an Oceanfront highrise right on the AIA in Palm Beach County. Transformers were exploding, the building was shaking the windows were rattling. For hours, it sounded like we were in the New York subways with the volume turned up full blast. Our infant was so traumatized, she broke out in a rash, and we spent part of the storm in an ambulance and the ER. This was the Fall of 2005 and by Memorial Day of 2006, we were back in New Jersey by family, with the baby! I've since purchased my forever home in Oak Island, NC, but not on the Ocean, since the insurance is astronomical, and after Isisas last year, a lot of us living on the River, like I am, got canceled and had to scramble for comparable coverage without the premium being jacked up. We sold our Timeshare in Aruba years ago - 14th floor sea-front, and now that we're going to start going back again after a 7 year absence, my now 16 year old said "we're renting a cunucu house, Mom. No more high rises!" This is my first time watching. Thanks for helping me understand the sleepless nights.
    3
  35767.  @MichaelBordenaro  Thank you so much for replying! I am now a subscriber. Wilma was brutal, and my daughter now suffers from "hyper-acuity" which is an extreme sensitivity to loud noise. She couldn't go go loud birthday parties, or fireworks, or concerts, or be near a firehouse when the alarm went off. The Pediatrician said that it was due to hurricane trauma. We get hurricanes here on Oak Island, but life is so sweet here and I love my house, that I'll stay!
    3
  35768. Bank of America customer service is just a bunch of lunatics. God help the person who has to call their people. I have been stood up for appointments, I have been made a fool of for requesting a car title that wasn't damaged, I have received duplicate statements with different numbers and then told that I opened accounts I didn't even own. I think they hire from the mental asylum.
    3
  35769. So getting a 30 yr fixed and refinancing later is bad?
    3
  35770. This is what happens with rent when people use their stimmy checks and don’t pay their rent for 18 months…
    3
  35771.  @MichaelBordenaro  Thank you Michael for your advice.
    3
  35772. Very useful video. thanks
    3
  35773. Wow this is serious news Michael. Everybody has recommended St. Pete. I’m holding off on buying. Love Miami, so don’t want to move yet, lol. Thanks for the video.
    3
  35774. What’s it like being in a high rise condo during a hurricane?
    3
  35775. Sarasota and Pensacola, Jacksonville Florida the best 👌mami excellent for fun Jupiter too but i think Arizona is next for me cheaper better homes and great food weather should not be a choice is the market and people
    3
  35776. Very interesting story and video. Thanks
    3
  35777. Will do Michael
    3
  35778. When you refinance you can match your amortization to your current years left in your existing loan. So a 30 year amt in 5 year refinancing, my new loan I can go 25 years. I did this many times as a lender.
    3
  35779. I LOVE all your walking videos, no matter where you are! I'm not able to travel alot, and im pretty sure I'll never be west of the Mississippi, so THANK YOU for sharing with us the places you are traveling to. 💜🇺🇸💜✌💜
    3
  35780.  @MichaelBordenaro  Excellent! Looking forward to them 💜😎
    3
  35781. Please tell me that renting out a relatively normal house (not a mansion) for $23,000 per month is some kind of tax evasion/ money laundering scheme. Who in their right mind can a) afford this type of rent b) pay this money to a landlord instead of buying such house for themselves and paying this money as a mortgage payment (i.e. building up their own equity). Am I missing something here?
    3
  35782. bring back the assume able mortgage at the lower rates for the new buyers,bingo! SOLD!
    3
  35783. I like some stuff from Dave Ramsey, but yes lot of the real estate info he is giving recently , appears to come out of his a$$!
    3
  35784. Mount Dora is a beautiful town.
    3
  35785. Get a fixer upper w a little bit of land in a city .. pay cash amd throw $ in the home when u can
    3
  35786. Any news on the shades
    3
  35787. Michael that is all great advice. I am older and set up nicely but I wish you were around with that advice when I was younger and “invincible”. Amazing work. Merry Christmas and Happy Holidays
    3
  35788. No sidewalks in that fancy neighborhood
    3
  35789. Those are good ideas, it would help with availability but not so much affordability. Maybe take a census of all people made homeless by the economy as well as unoccupied living spaces, and use a lottery to match them up
    3
  35790. Michael, you need to discuss VA loans versus FHA loans for your viewers in one of your videos. thanks
    3
  35791. @0:42 We like your videos too:)
    3
  35792. Thanks
    3
  35793. Michael the Stock Market is a scam listen to Robert Kiyosaki. The movie Wolf of wall street is a true story. Hedge Funds robbed baby boomers' 401k.
    3
  35794. Good for you Michael trying out a new location! If you're ever up to it, I think it would be cool if you also check out the University near Disney World. I hear it's legendary! It's the Florida University of Central Kissimmee (I know, the name is kind of long… Just use the letters like UCLA) and their mascot is Mickey Mouse with a machine gun. Pretty spectacular!
    3
  35795. You might want to try modeling
    3
  35796. The irony of childcare, the employees aren’t making any money, the mom that need that service are out big-time money, the only people making money are the insurance companies because they forced these places to have this really expensive insurance none of it makes any sense. Well, I guess if we stop suing each other so much it might get better. Tort reform.
    3
  35797. Must have lucked out renewed with State Farm a month ago in pasco county and actually saved money...newer home worth $550k+ for around $1k.
    3
  35798. Great idea imo and is often the case from my experience in the medical field where people are always needed. Our society and most societies needs to change the idea that people must go to college to earn a livable wage.
    3
  35799. Awesome content! I heard Florida is the best state to buy an investment property. Is it true?
    3
  35800. very informative!
    3
  35801. No one buying homes. People are broke. Also why real estate agents are losing there jobs or can't sell ;-)- Renting is wasting your money on something you don't own or investment. Those saying house not a investment because they never purchase a house.
    3
  35802. which coast is colder , east or west ?? Northeast/ panhandle/southeast/southwest ?
    3
  35803. Yes, absolutely! Enjoy!
    3
  35804. Looks like 'new owner' going to boot them all out and sell off the land for a McMansion neighborhood. Just what we need, 500k+ starter/affordable housing.
    3
  35805. Funny story. So DB is just 45 minutes away , but every time I went I got dragged up there to pick up mother and drop her off vice versa to go see her snow bird friend. She now moved out of Oceans 1 back to the midwest, so anytime I go there it will be on my own accord. But even funnier, I don't even feel like going there? But I love going to Buc-ees every time I go to the dirt track in Volusia. Did you get a chance to go to the huge mega gas station?
    3
  35806.  @MichaelBordenaro  That is on the sr40 interchange and LPGA blvd
    3
  35807. They blamed the gas ⛽️ prices thus food transportation which have been low for years…
    3
  35808. We need localized panels of real estate experts that will be supported by the local government to come up with ways to make housing more affordable. Voting in local politicians that support this idea would be a start.
    3
  35809. Thanks for the interesting video Michael. That was so cool. I'm sure there will be more weird and cool things to happen in these strange times. Living vicariously through you in beautiful south Florida. Since you use your phone, you have the access always. The way you narrate and describe what you experience is just so informative. Your phone does a good job in low light.
    3
  35810. good info michael, keep them coming.
    3
  35811. I told u guys FHA n VA r the same... high default
    3
  35812. right these cruddy homes people are now paying a fortune for, if things ever go back to normal even 5 to 10 years from now, they wont be worth much. this is i why i dont pay for overpriced junk
    3
  35813. Here’s the reality. No ones home actually went up in value. The dollar was devalued by 50% over the last decade and therefore your house, being an asset adjusted accordingly. Now the money supply is shrinking and will continue to shrink. As well as the same factors contributing to 2.5-4% will not be back in place for a very long time. Going forward a 4.5-5% interest rate will be the bottom end norm and eventually panic will set it
    3
  35814. You don't pay, you don't stay. 🤷‍♂️ Seems fair.
    3
  35815. Congrats for being on the news! Big exposure for you and your Channel!!
    3
  35816. Thanks Mich
    3
  35817. Great show, really enjoy listening to you. You should do more videos with your hot wife walking with you.
    3
  35818. One word. AWESOME
    3
  35819.  @MichaelBordenaro  I love how you narrate it. And it's very inspiring you telling your story. I also love that it's my old stomping grounds.
    3
  35820. I posted a link to the last video you did and it was about Florida and how they now do not have to tell the public or report about who is not paying their bills.
    3
  35821. Thanks Mike, your videos are refreshing and uplifting. When all this passes, would love more beach videos, and some exotic cars. It's cold and snowy/rainy up here in TOLEDO Ohio. 🥶
    3
  35822. In the future, everyone will be millionaires and bread will cost $50,000 per loaf.
    3
  35823. Great workout
    3
  35824. Must be nice to not have kids!! 😩
    3
  35825. It's insane how expensive it is to own a house, we definitely need a new way to build houses, make them more durable with less maintanence. Of course eliminating taxes there should also happen...
    3
  35826. I want to apologize for being so cynical in my posts lately, I finally caught myself.
    3
  35827. Love this neighborhood walking tour snd the beautiful homes! Also love the real time videos!
    3
  35828. You got that right! My hubby and brother-in-law are out right now getting baseboards and transitions to finish laying the wood floors and then adding new baseboards snd transitions. Expensive and time consuming, even though they are saving money on labor by doing the work themselves.
    3
  35829. What happens when to.many people.cant pay rent
    3
  35830. Looks very vacant for such a famous location.
    3
  35831. Nice haircut Michael, but then again you have a great head for fantastic haircuts!
    3
  35832. Maybe try a combo and see which works best for you based on your timeline and feedback. I like all your videos!!
    3
  35833. We tried to buy in 2021 in Loudoun county... outbid 5 times by 20 people by 75k on 850k homes, inspection waivers, 3 month rent back (let the people live in your home 3 month after closing). I'm not looking for starter home. I'll just wait for laid off folks to default on those overpriced mortgages in next year or two.
    3
  35834. 1229 a year in property tax a couple year ago...gots to be a prop 13. Probably a bad example to prove your point.
    3
  35835. The newer house are dumps. Crappy construction. Too much wood
    3
  35836. They are getting ready for when AI takes over all of the service sector jobs. Call centers, fast food work and retail. The problem is the US is not ready for the AI displacement, 40% of Jobs will be replaced by AI. Opportunities are shrinking also older population unable to retire so we are close to a perfect storm here.
    3
  35837. Klaus and his pals say 'you will own nothing and be happy'....anyone notice that they are making it easier to rent and harder to buy....think this is a coincidence the NAR case and Biden administration pushing all kinds of rent control??
    3
  35838. I love my maverick. I didn't get the hybrid, I've got the AWD Ecoboost. An AWD hybrid would be sweet though I don't think they are going to offer it.
    3
  35839. Nationwide median home prices increased dramatically from $318,400 in Q3 of 2019 to $455,000 in Q3 2022 a 42+% increase. What is missing from the most recent CPI is the fact that OPEC reduced production by 2MM barrels per day on November 1, 2022 which will force the price of crude to break the 200 day SMA. As you know everything in the US moves on diesel and an increase in transportation costs means a price hike on almost everything we purchase. I would not be surprised if November's inflation rate is higher than October's 7.7% and the Fed keeps its foot on the gas in December and raises the federal funds rate another 75 basis points.
    3
  35840. Hey bro I live here and we have a middle beach back beach and now a back back beach.
    3
  35841.  @MichaelBordenaro  Yes SIR! 😁
    3
  35842. Expect a worldwide recession in 2023. Expect stocks and house pricing to drop back to 2019 pricing. First time home buyer mortgage applications has fallen off the cliff and that will help force down prices. Things are going to get a lot worse than what most people think. Save your cash and pull back on purchasing anything you don't have to have.
    3
  35843. You can call the Property Appraiser’s office in the county you are looking at a house to buy, they can give you a very close estimate of what the taxes will be. No mystery. Just ask what the milage rate is for the county/city. The first $50k of value is not taxed if it is your primary residence. Other exemptions may apply for disabled veterans etc.
    3
  35844. Yes, Tallahassee has 4 seasons...🍂
    3
  35845. 👍
    3
  35846. What are your thoughts about port saint lucie area?
    3
  35847.  @MichaelBordenaro  thank you for answering Michael. Do you have an email address or a contact where I could be in touch to get more insight while we search for the right place to move?
    3
  35848. What’s your thoughts on Lakeland?
    3
  35849. Thank you for this video.. i think you made a ton of great points
    3
  35850. Very informative. Those house prices are something else. Here it’s impossible.
    3
  35851. Amazing video. Great content as always. What are your thoughts on central FL(Orlando area specifically) pls do a video on this!! ;)
    3
  35852. Michael, as the saying goes, a fool is born everyday! The ocean, beaches, scenery is gorgeous but what people are paying for it does not make any sense to me. I think they need to watch Niall Ferguson's the Ascent of Money on YouTube. I think it will help them understand that what they are paying is simply too much and that so much of it could be used to invest in young brilliant and gifted minds that could move our society forward.
    3
  35853. Oh, Happy Birthday Michael ! 🎂🥂
    3
  35854. Good call it just hit 40k 👍
    3
  35855. I do believe fisher island was separated in 1905 from Miami Beach for the port. Imagine if that was all still connected. Had my birthday at the local house (49:10) 6 years ago. Had the whole place to myself and my friends on a Wednesday night. I don’t remember the food though honestly, but loved the beach house vibe. Then went to the Dream Hotel afterwards. They have a great rooftop pool. Don’t even know if that hotel is still there. It’s super cool inside.
    3
  35856. How do you feel about Lake Mary? I have been watching yours and other videos Of best places to live, no one has mentioned that city yet. My Son and l are currently researching places to move there. I wanted St Augustine, he’s heart set on Lake Mary if not Orlando.
    3
  35857. totally agree my gf lives there it’s great I live in orlando for 17 years and i’m trying to escape lol 😂
    3
  35858. Good info - bad hat
    3
  35859. Feel better, Michael
    3
  35860. Feels like GROUND HOG DAY ,,, every day now....
    3
  35861. "Old cars can be very unreliable" Truer words never spoke
    3
  35862. Good video Michael and right on time for today's situation. One thing I want to mention and I think a lot of people don't seem to realize. As people are waiting or hoping for the Fed to cut rates again, if you look at history with the market, if the Fed has to start cutting rates it is because the economy is in real trouble and that is why they cut the rates to jump start the economy. So I am not in a hurry to see rate cuts because that will mean we are in a bad recession for sure,
    3
  35863. You never really lived in FL until you experienced your first major hurricane. I had the "pleasure" of meeting Andrew as my first. Stay safe everyone.
    3
  35864. cash is finally king again. car prices need to come back down to reality. let people that need a loan suffer
    3
  35865. Great comments.. very truthful and thought out! Common sense is missing in many minds!
    3
  35866. Well i can tell you that drivers in Marseille (France) are probably more dangerous. Just by looking at the cars you won't find one without a scratch ^^
    3
  35867. Im considering a hybrid as i drive 2 miles to work, i can get the best of both worlds. Would never consider an ev
    3
  35868. Absolutely agree.
    3
  35869. Is PayPal the only way
    3
  35870. MB is the High Rent District,To say the least
    3
  35871. The weird thing about the stock market is companies are bringing in record profits. P/E ratio has dropped significantly.
    3
  35872. Your message in this video is so questionable considering your profession...it's like your trying to put yourself out of business....hope it's effective
    3
  35873. The issue is the prices have inflated and at the historical avg rate, very few can afford the mortgage. Add in the huge increases in property taxes and insurance and even fewer can afford the homes. Blackrock and the other big investors will start dumping their retail communities. Add in the commercial real estate implosion and we'll see a lot of homeless formerly high ballers walking the streets.
    3
  35874. How much do you get paid to be in movies as an extra? And is it consistent?
    3
  35875.  @MichaelBordenaro  it's long days of sitting around, ive had steak n lobster lunches, and ive had cheese platters for 20, it's hit or miss, but its fun, and can lead to other opportunities.
    3
  35876. This video was extremely relaxing thank you
    3
  35877. Im on my way to florida 😂🤣🤣😅
    3
  35878. Most realistic what I eat in a day video I’ve seen. Most girls be like, smoothies, salads, and acai bowls lol, nice to see someone eating real food 👌🏼🍗
    3
  35879.  @MichaelBordenaro  👍👍👍
    3
  35880. Love you Michael, don’t ever stop what you doing, love all the info
    3
  35881. If you wanted deal you should have bought last year when rates where 2.5%. House prices are only going up from here, there are millions of international buyers, big investors, immigrants who need housing & people waiting in the side lines for a "Deal" There is no crash coming, the whole world wants a massive piece of American real estate & they are going to get it. It no longer matters if Americans are priced out or not, the market is not being driven by domestic buyers. As you sit it out the prices will only go up & up. You have to accept something, if you can't afford a house now the only way you will is to earn more bc prices will not fall & if they do it will only be a small slowdown
    3
  35882. How do you always manage to dodge the rain😂
    3
  35883. "If you are thinking of starting a new criminal enterprise based on online return policy..." 😂
    3
  35884. Looking forward to your travel videos.
    3
  35885. trending in CA now>>HOA's making RENTeRS pay for renter's insurance on top of rent. Disgusting !! This can run a couple of hundred a month. I told my landlord 'The place is furnished !! IT is all your stuff ! Why should I pay for that? And on top of that it is NOT IN MY LEASE"....so what happened? The landlord raised the rent a few months later , raised it $300 a month. !! I moved.
    3
  35886. Nice shot of you and your Mom!!! 😊😊❤️❤️
    3
  35887. When I was in college, a local newspaper published my response to inflation in the 1970s. I suggested a price freeze. If Powell had put pressure on the escalating rise in prices rather than on the interest rates, these banks would not be imploding and people suffering every which way due to ridiculously inflated prices on everything! Dog food, energy, airline tickets, car insurance, property insurance, regular food, credit card interest, etc. ad nauseum. Powell is a danger to global economics!
    3
  35888. Keep it up man. You provide quality content and given enough time your channel will grow. Perhaps could you do more videos on real estate in Florida as I find it the most interesting topic. Lifestyle content is also entertaining to watch but I think that your niche is really real estate and you are very good at creating content on that topic.
    3
  35889. Great info thanks guys, In Oz were also seeing a big shift. Rents sky high and not enough housing with 50 people min applying for rentals(for affordable rentals). And the price of food, fuel, gas and electricity skyrocketing. Though Im in the West (Perth)and I cant see any of the housing in the good areas dropping too much though, I can see it levelling out. First home owner suburbs I think will be the worst affected.
    3
  35890. Can you do another on the Miami Condo Market. I feel the new Laws and Insurance will effect a collapse in the condo market....Buyer beware of the hidden cost coming in 2025 with Condo Reserves,,,there us a lot of confusion concerning Condos. that they will no longer be an affordable option
    3
  35891. 💯💯💯👍👍👍
    3
  35892. Real estate out of control every where br
    3
  35893. I am a Real estate agent in South Florida too , and I agree with you about realtors who speak only Spanish , there is many of them here and many Times they get so upset if you don’t speak Spanish (I still don’t speak Spanish). I agree 1000% that they should forbid taking test in Spanish! Rea estate Agents must speak English , because they need to community with other Agents as well , and we are in US!
    3
  35894. Yes we are definitely in the same boat ! And thank you for putting it out there out load , I hope maybe one day someone will hear it and they will change it and will discuss more about it
    3
  35895. Great information, thanks.
    3
  35896. Bro Im so impressed with how you're able to remember all the details from listings and articles. Great stuff I also like the rental idea, just have to be smart about it. That can add up as can the maintenance fees on a smaller condo.
    3
  35897. Thank you 😊
    3
  35898. Great video, Michael! Such a beautiful place! Visited it years ago, with my son, who was about six at the time. Water was so calm snd warm. Awesome place for a beach vacation!!!
    3
  35899. NICE!!! Love that cute little house! That back yard is MAGNIFICENT!!! WOW...that TREE!!! AMAZING!!! I wonder what the price was. Seems like it is harder and harder to find a deal, and you found one close to Clearwater and on a quiet street with a wonderful yard! Good job, Michael! :-)
    3
  35900. Yes, there are people who still sell because they need to sell and there are also people who buy because they need to buy
    3
  35901. 💯!!! Great vid Michael. As a loan officer myself, luv your channel my man.
    3
  35902. Glad you guys didn't get chomped on by an alligator in that beautiful water!
    3
  35903. Yes I do want to see more of these :) when you ask people what beaches they like they always say clearwater or the keys. Google lists are no help either and kind of silly. I love the Hollywood Broadwalk but Id love to try others. Also can you if you remember to keep an eye out for dog friendly beaches? Most appreciated!
    3
  35904. I am European and moved all around the US for the past 8 years, and I hope Florida, maybe West Palm beach or so, could be the place I stay long term. I am super excited but to be honest.. I am afraid of bugs (roaches in particular 😂)..
    3
  35905. Michael Bordenaro thank you 🙏 I heard horror stories of spider rain haha I am so happy to move tho. I’ll Pest proof my apartment 😂
    3
  35906. Please don't pander to the 1%ers on your channel, especially to the likes of the guy with the student loan who thinks he is owed something. Like you said, he signed on the bottom line. Nobody forced him or held a gun to his head. That's like me asking the government to pay me back when one of my investments tanked. He took a chance and it didn't work out. So sad... Too bad. That's life. Ultimately, you have to be true to yourself or you will continually be chasing and bowing down to people like this just to placate them. Then you will always end up trying to figure out what people want to hear. I say let them leave. I don't even want to share the comment section with the likes of such people who think this way.
    3
  35907. I love this place. What are rents and what are they like inside. Would love to see close or on the beach &low rent. Two bedroom. Your great and really enjoy your videos!
    3
  35908. You're not the only person in Real Estate, or other professions, like Law and Education, who are leaving to focus full time on YouTube. Why wouldn't they? In March, 2020, right at lockdown, I started watching a guy in England, "The Voice of Reason," whose channel format I liked and subscribed to. I think he had 8K subs. Today, he has 328K subs, and he said that YouTube was the best thing he ever did in his career. BTW, you can continue a channel into your 60's and beyond. You'll always have an audience, as long as your content is good. Good for you!
    3
  35909.  @MichaelBordenaro  Michael, the operative word here is "yet." Alex Belfield had no idea that his channel would take off the way it did. All word of mouth! For example, let's say that one of your most enthusiastic subs, like ME, starts sharing your channel out in the US and the UK. Alex loves Florida, and the people in the UK are dealing with lousy weather. If Alex decides to binge watch you with his dog, and he includes a bit of a clip from, or otherwise "plugs" your channel, you could see your subs increase by 100K or more in a month! After YT had me rate one of your videos and I chose "Excellent," I was recommended to more and more of them, and watched them all! I'm going to contact Alex Belfield's video editor and have him start watching your videos!
    3
  35910.  @MichaelBordenaro  I'm watching your latest video now! You are head and shoulders above all other "All things Florida" type channels, IMO, and I think that so many others of discerning taste will agree!!
    3
  35911.  @MichaelBordenaro  Michael, there are millions of tail end Baby Boomers, who will be looking to retire at varying times, over the next 10 years. I could easily see you getting to the million sub mark and beyond, as people from the cold weather states look to spend their golden years in warmer climates. However, if you feel stagnated at any point with your videos and no longer enjoy making them as much as you did, that's when it would be time for you to shift content.
    3
  35912.  @MichaelBordenaro  Michael, you'd be surprised. Maybe even shocked. What I see a lot of, for various reasons which don't affect the end result, among the peers I grew up with, is that a lot of them become more reclusive as they get into their 50's. I know of one woman who went from social butterfly who just HAD to be OUT on Friday and Saturday nights, to HERMIT, who maybe sees close friends 2-3 times per year. The Pandemic lockdown only brought reclusive tendencies to the surface, probably creating a lot more homebodys than would have been otherwise. For these people, from all over the world, they may not get any closer to Florida than your videos. If they realize that colder climates are something they can no longer tolerate, your videos will be vital for these people when deciding where to move to!
    3
  35913. South Beach is beautiful! Never been there. You will probably hate me for saying this, but I could get used to being rich. LOL But all in all, life is good. I wouldn’t change anything.
    3
  35914. Stay safe Michael….and Lisie. 🧚‍♀️
    3
  35915. 800K and look at the shoddy wiring at 1:00. $3,100 a month for the view and the location is worth it, IMO, if you have the money for that. Personally, I would jump on it. Thanks for the tour and the commentary.
    3
  35916. The banks know exactly what’s going on. Markets work 6/9 months ahead of the current day. They have their trading desks and marketing departments. By definition both of these are like train rails: they will never meet. Socialised losses/privatised profits also plays a role. I can prove my point. Go look at Goldman Sachs FY statements. They rarely lose.
    3
  35917. Lol I was actually looking to move to North Beach area. Agent is pushing that area due to the plans you mentioned and growth. Interesting you say not much has been going on yet.
    3
  35918. I like it, keep it up, report more on Florida.
    3
  35919. Personally I don't see it in the area I'm looking at nor the area I'm selling in.
    3
  35920. He has eyes
    3
  35921. From a single family investor standpoint cap rate spread is tiny right now, so option one be a landlord and make 4-5% on that opportunity/current value of tied up real estate money, option two hire a property manager and move across country make 3.5-4.5%, or option 3 sell and put it in treasuries for almost 4%. I choose option 3. If I live within 50 miles I'd probably say option 1. As much as I think a video of you walking through this hurricane like nothing's going on would be hilarious, stay safe my friend.
    3
  35922. WOW. and 2:56. and 2:59. they still speed with the roads like that wow !!! be safe (MB)
    3
  35923. I like your optimism in life. I'm born and raised all my life near LA, but the cost of life is bringing me down. I like warm, too. But, can you give the real low down on the bugs; I detest bugs. I'm ok to wear bug spray always if I gotta. But ugly bugs in my apt would bring me down. Thx for a reply
    3
  35924.  @MichaelBordenaro  Thx for your reply. So you do get ugly bugs in your home? Maybe answering that would be " negativity', which is not my intent.my intent is info to learn. I love Hawaii! The locals there said it's no different away from the tourist areas, bugs galore. Just like any tropical place, even Mexico ( great cost of living there!) So, I'm just trying to gather up nfo for important life choice. Should I leave my home cause alot of us have been priced out of our home? CA beaches are not great. Cold water, polluted, and gloomy alot of the time. And yachts everywhere for the privelged. I assume you skipped CA ( and Hawaii) due to high costs. CA is subtropical, not tropical. Gloomy by beach alot.
    3
  35925. Hey I'm in Ormond Beach visiting right now dude. You're right up the road from me.
    3
  35926. Very informative am 47 have 4 grown kids renting and struggling if I dont have a god job we are in the line to be homeless so the problem is the bad, pay not stabilizing for expenses that bring either continue renting or buy any house,,wondering which job should my kids and me have to have to survive? And with this information, my future for now is darker than a cloudy day, from what Am hearing that was supposed to happen.. thank you for your video.
    3
  35927. Thanks again Michael for another beach video very much appreciated.I see your sunglasses are still holding up 😂. Best Regards to both of you.
    3
  35928. Read The Creature from Jekyll Island...They know what they are doing.
    3
  35929. SF was wonderful in the 60s and 70s so sad.
    3
  35930. Florida is beautiful! Ocean is gorgeous! We make a lot of videos of the cities around Orlando area, different stores, beaches and new homes construction and noticed a non-stop growth. Florida attracts not tourists only, but a lot of people are coming from other states to live here! Still more demand for houses than supply.
    3
  35931. The supply of houses in CT right now is low. Multiple bids on houses and owners getting well over asking. We can get a very good price for our house but holding off putting it up for sale a little bit longer..At 53 can’t afford to make major financial mistakes
    3
  35932.  @MichaelBordenaro  The Fontainbleau was more famous, and as I recall some of these Miami Beach hotels were actually built with the idea of becoming Casinos. It didn't have the ice skating rink like the Fontainbleau once had. I remember the lobby had a huge chandelier. The hallways had velveted wall paper. I was just a boy at the time. I had never even been in Miami before this. I was wide-eyed. I saw all these rich old Jewish ladies that would stay in the hotel the whole winter season! And you know, those were the days of the big Cadillac El Dorado's and other big heavy cars.
    3
  35933. For a business, if the idiot people in the neighborhood vote for soft-on crime politicians. They don't deserve your business. Let them find food somewhere else.
    3
  35934. Wonder when this crash will happen ?
    3
  35935. Margaritaville in Daytona is very nice. But not nearly as awesome as the Crystal Lagoon in Westly Chapel!
    3
  35936. great video. way better with the commentary.
    3
  35937. Love Capenteria❣️ 10 minutes from Santa Barbara. My daughter went to school in Monticeto. I loved visiting Santa Barbara. She lives in Dallas now😢
    3
  35938. Beautiful sights 😊 thank u.
    3
  35939.  @MichaelBordenaro  thanks man. Really tired of the winters lol but on a more serious note i just feel like me and my folks need a new start.
    3
  35940. poking around zillow while watching this, almost half the inventory of 21 for the same specs, prices still up, western colorado. 1 new neighbor got in just before interest rate hikes started, timed right but still 120% more than my house(same ish house), other new neighbor just moved in AND 20k more than the other one, keeping my price up. 😎 $1000 mortgage FTW
    3
  35941. Would love to see vlog of Sarasota. Thank you
    3
  35942. Torrance is where I used to drive everyday for my BJJ class from Huntington Beach.
    3
  35943. Their circumstances and opportunities are different than yours. There maybe many reasons why they don't have savings including not having enough to make ends meet. Count your Blessings. I very much appreciate/trust your incite and information.
    3
  35944. Hi Michael, how about the jobs opportunities right now in Orlando ? I will be there end of this year, thanks. 😎
    3
  35945. Happy birthday and congratulations!
    3
  35946. I don't see any mention of supplemental medical mentioned in any of the comments. Supplemental medical insurance is a MUST when you're in your golden years. As for "retirement"??? Geeze, I'd go nutz if I wasn't doing "something". (been self employed in the family biz for light years). Believe me, "retirement" isn't what it's cracked up to be. (tried doing "nothing" for about a year and it was boring as oh heck). Besides ... how much "traveling" could one do??? Furthermore, there's no mention of "retirement" in the bible. Did Moses retire??? (and he lived to 120! :)
    3
  35947. END the FED. they are manipulating the market and going to make it much worse
    3
  35948. As a US SOLDIER I find it terrifying that our treasonous government allows other countries, especially CHINA, buy ANY LAND IN AMERICA, everyone should be terrified, trust me, you do NIT want to rely on our now WOKE MILITARY to defend you at all, they wont:(
    3
  35949. Great video, Michael, and by the way I really enjoy your content.
    3
  35950. You might enjoy the Micanopy area as well :)
    3
  35951. This is why im terrified of new builds especially these day. Family member works construction in florida and after lunch on monday more than half the entire workers were dismissed because they were all illegals. So basically people who have no clue about codes were building these new homes being paid cheap labor. Theres so much that can go wrong.
    3
  35952. A whisper listing is fortunate. Congrats on your deal. I on the other hand will probably never be able to buy in the Jensen, Stuart area near the ocean because the market is so over sold. I’ve been looking for almost 3 years. It’s also all cash above listing price. Investors and those from the Northeast have bought up nearly everything and whats left you don’t want it. If you need a loan you won’t be getting a home in the mentioned area because there’s no way they’ll appraise. It’s disgraceful that things are this bad and really don’t see how it gets better in the coming years. Anything not needing extensive renovation is gone in hours.
    3
  35953. ARM is risky, be aware 😊
    3
  35954. Thanks for sharing this trip.
    3
  35955.  @MichaelBordenaro  Direct exposure for too long drains my energy... Once back inside, am going to bed!!! Also, I tan extremely easy...
    3
  35956. Michael You would spend a week in Beverly Hills, and never see it all !!! I hope you two have a wonderful vacation in the region. We went there back in 1995 , packed the kids and we flew to L.A.
    3
  35957. Good. We don't do something about this problem, like many (blue) states, they'll be camped out in your yard.
    3
  35958. Since you're a realtor, do you have a website? I plan on purchasing a home in Florida and I'm a veteran who works remotely (Artist/Illustrator). Send me a link at dovenest49@gmail.com. Thanks.
    3
  35959. Pretty good. You didn’t show view from bedroom.💕
    3
  35960. I love my tesla. But 99% of people have no idea how much power a car uses every day. The infrastructure is nowhere near ready to handle even a doubling of EV'S on the road. The next few years are going to be very interesting
    3
  35961. Great video, Michael!
    3
  35962. I hope it goes to 💩, and that million dollar compabies pay the price and take the git........ greed is what I see
    3
  35963. Usually 2 hours at the beach in summer is good for me, then a jump in the pool. We had red tide on the gulf side which sucks by I hear it it getting better.
    3
  35964.  @MichaelBordenaro  No problem. You should take a look at IAllegedly on YT.
    3
  35965. Hi :) Another great video! I agree, I prefer quieter beaches too. I do love the white sand!
    3
  35966. What about 55 and over near boynton beach in a double wide home.
    3
  35967. I’m looking to move to central Florida in a few months and was wondering how much money you think I should have saved up for a 13-1600$ Apartment or home for rent ?
    3
  35968. I fell out when u said “some dash cam footage” 😂😂😂😂 @michaelbordenaro
    3
  35969. Michael I am so happy for you enjoy your beautiful home. 🥰
    3
  35970.  @MichaelBordenaro  I think that despite of the vetting, the barriers to entry are still low compared to other highly regulated professions which, beside the lure of making fat commissions from the insanely expensive property prices in Toronto, still attracts a lot of people to become realtors, leading to fierce competition and low average number of transactions, which in turn force many to do this on the side, and lower your exposure, and consequently your experience.
    3
  35971. The economy was never "good" since the last crash. It was papered over and interest rates went to the ground. We never allowed it to go down to where it could recover on its own. And then we pumped it up more. Its still going to go down to that level, and now we dont have anyway to stop it.
    3
  35972. For me it's definitely California. Sure it's more expensive, but also has better living environment, more things to do and more business-opportunities.
    3
  35973.  @MichaelBordenaro  Miami Beach has never gotten to 100 degrees. It's way more predictable, while other parts of the state can sway more in temperature.
    3
  35974. That's all Michael $14 Million dollar, "it's only money" let me hurry and get that paid off in full ! Michael you are missing all this beautiful weather in Illinois , it's going to be a cool 20's degree and snow for Christmas Where last year here, at Christmas time, a cool 67 degrees This Christmas it will be around 12 degrees daytime
    3
  35975. Michael, you are a son that any parent would be proud of! Keep making these great videos!
    3
  35976. I learned about Miami’s Art Deco district while living in Mumbai and seeing their Art Deco buildings. The two cities are comparable in numerous ways! Research it sometime! It might make an interesting video topic.
    3
  35977. Thanks Michael!!!
    3
  35978. People being interviewed tend to go too deep because they are really deeply knowledgeable about the topic, and that’s a big mistake as most of the details are lost on the casual viewer. Not this time. You hit the high points and didn’t belabor any talking point. Like you’ve been doing this for years. Excellent presentation and information.
    3
  35979. Housing and rent price increase IS inflation. For most people accounts for more than 40% of their spending. Market crash = deflation
    3
  35980. I had condo in Anthem AZ sold in 2020. At that point HOA dues were 386 a month. That included water, sewer, garbage plus condo pool, hot tub, gym. That was great for me as I had a 3bed, 3bath. Water alone in that area for a single family home would run 300 to 350 by itself. Plus I had access to community infrastructure like pool, large gym, tennis courts, water park. That home home owners paid 89 a month for. Taking that off my dues meant I was under 300 for all services. We did not have Phoenix city water which is about 1/3 the cost of private water companies in AZ.
    3
  35981. 11:36-11:48. Wow. So true Mikey keep it up. And jeaa booyyy we wanna sew more. Nature vids where are the trails 🤙lol
    3
  35982. No-see-ums are all over Illinois where I live, I have a place in Port Charlotte too. Cops are useless everywhere here too as they get a too high pension, so why bother. I can say as well, I live in a town 3 hours west of Chicago and you pay plenty for taxes, with NOTHING for the money as you are paying for the lack of interest others have in the area. I have spent so far, only 6 months in Florida all at one visit, the rest were much shorter periods. Once I resolve loose ends here, I will be a Florida resident full-time. No place is perfect, I however never get enough of Florida.
    3
  35983. Forget "the stock market", it's a complete gambling waste of time
    3
  35984. Between FOMO and the stupid lockdowns, hasty decisions have been made. Yes, there are low interest rates and yes people have lots of money from out of state and due to stimulus and yes people can do more remote work. Just like Play Stations, lumber and houses, it will correct and it's going to be a painful correction....more like a crash. Plus give it a couple of summers and a couple of hurricanes and it should all shake out :) I'm in Idaho, give it a couple of depressing winters and culture shock and it will shake out up here too. It will be everywhere. I'm poppin' the popcorn now :)
    3
  35985. So according to your 🔥calendar... It's pretty hot over there right now... I'm bummed your high heat won't be around for awhile now. Really wanted to come down there at it's "worst" to really get a feel for it. See if I'm a big baby or not. lol Growing up in Oregon that would be quite the difference! Only thing I think is that I'm used to not being outside most months out of the year with our weather so maybe it wouldn't be too different there. No idea till I visit I guess. Do people still get tans and good sun exposure in those winter months? I'm surprised you said it's not much better up the coast. I would think you could travel up to get some relief.
    3
  35986. Nice informative video. Yes prices are crazy especially on the coastline south of Orlando. Here in unincorporated Marion County ( Ocala Florida area ) my water bill is $17.00 per month. The overall cost of living is lower here and a great place to raise kids.
    3
  35987. Awesome!
    3
  35988. Another form of control
    3
  35989. People who live in expensive neighborhoods have valuables in their houses so they don't want people there if they're not there.
    3
  35990. Hey Michael, Viscaya is absolutely awesome. I think it's right in Biscayne Bay. Built by James Deering the lawn mower entrepreneur. Very cool. Another cool place in Florida is Bok Tower gardens in Lake Wales which is the second highest mountain or hill, lol in Florida. The art deco tower is spectacular. Yes Naples is sleepy but beautiful. The Don Cesar hotel at St. Pete beach is pretty cool too as well as the old Norteast region of St. Pete...I'm a night owl too so my favorite time of day is dusk... or aka Twighlight time..
    3
  35991. Enjoyed the video, Michael! It would be cool if you did a "top ten things to do" in these areas. I'd love to spend more time in Miami, for example, but wouldn't have a clue what to do. Just an idea as coming up with good video ideas is my biggest challenge.
    3
  35992.  @MichaelBordenaro  I appreciate it! The past few months have been amazing...I'm very thankful for everyone watching. Can't wait to see you hit 100k!
    3
  35993. Enjoyed your video, thanks. Can you do the same type of video but walk to the beach?
    3
  35994. 9 months of new homes are coming on the market in next 12 months
    3
  35995. So beautiful!! Welcome.
    3
  35996. Merry Christmas Michael!
    3
  35997. Beautiful
    3
  35998. Michael Bordenaro I Know that any house in Miami that was built after hurricane Andrew in 1992 are up to code for major hurricanes.
    3
  35999. 🤣😂😆😅
    3
  36000. My "thinking spot" I grew up there
    3
  36001. Batteries on electric cars are more detrimental to environment than gasoline cars. It's not about the environment. Thats only the story we are fed. It's about control over us. NWO agenda
    3
  36002. Can you speculate when things may shift to the buyers side again to capitalize on this?
    3
  36003. Your videos are alway so great. I do have one question.... if you find a crocodile in your swimming pool, what do you do? Do you have to wait until the croc go away or is there anyone to call to deal with it? Does it cost money to move them back to their natural habitat or is it a service provided by the local authorities? Thank you ...
    3
  36004. Thank you. That’s good to know... 😅. Can’t wait for your next video 👍🏻👍🏻👍🏻
    3
  36005. Sort of related, But I am proud to say that I am officially moving to New Smyrna Beach in Florida Michael, right after the Holidays, moving in with a close friend almost right near the beach, I will soon be a Floridian in a few short weeks and get my life started there.
    3
  36006. every hospital is hiring
    3
  36007. nice new look.
    3
  36008. Husband and I purchased a new construction starter home 21 years ago for $154,000. Kids are now married and moved out. We decided to update our home and stay. It’s perfect for us and we are happy with our location in Plainfield, Illinois.
    3
  36009. 16:31 Just be careful taking advices from Research firms and Banks when they go on about the stock markets… just saying. They are usually wrong.
    3
  36010. My friend is an appraiser and he said last year banks started asking for drive-by appraisals on properties not in any trouble. The banks saw this coming and it’s greed.
    3
  36011. Dude was checking your woman out😅😅😅
    3
  36012. Hi, love your videos. I don't know if you did a video on this or not but I'm wondering what is a good economic area to live in near sunny isles? my grandparents have a condo in sunny isles but I can't afford that area.
    3
  36013.  @MichaelBordenaro  thank you very much. This is very helpful. I will go do my research on those areas.
    3
  36014. Happy Thanksgiving from Buffalo NY !!
    3
  36015. Imho, luxury isn't "normal". Luxury means having excess money or access to a lot of credit.. Very few of us will really ever know "luxury" the way some people do...... I grew up in a blue class family neighborhood & the richest people were the local md, dentist or lawyer. When I made my first 150k, I thought I was rich. Then after a while, it hit me - why am I spending x amount of dollars to put some designers name on my ass. Ever since that light bulb moment, I am careful with my money. I live a simple life, eat well, wear basically simple inexpensive styles, simple makeup, simple house, focus on staying healthy, simple car, take great vacations, splurge in nice restaurants once in a while. Nobody cares in my family or friends about what I do, what I wear, etc......... Women buy these stupid expensive Chanel, Kate Spade or a Prada purses, shoes & clothes to impress other women & to make themselves "feel important" or "Look at what I just bought"..`. I think most men could care less about this stuff & wouldn't know a designer handbag from one purchased at Macy's. . I see a Kate Spade purse & think, "Why are you pissing your money away on s purse that nobody gives a rat's ass about?". If they hang with a lot of women and live in an upscale neighborhood, their mentality is keeping up with the Joneses/Real Housewives. ..... The problem with today's society is that a lot of kids are growing up with the mentality that luxury is normal AND expected in life. The Kardashians are far from normal. The other part of todays problems are the parents who indulge their kids, & they tell them how wonderful they are, & the kid finally wakes up and realizes getting a job isn't so easy & the real world isn't going to cater to you. & getting ahead isn't easy & takes REAL work. . ......I look at life this way: I need a roof over my head, a bed, a shower, washing machine, decent car, decent neighbors/safety/great vacations/spend time with my aging dad..... Anything beyond that is simply "fluff"......Buying objects is fruitless. You get temporary pleasure out of it. Think about this: someday when you die, all your stuff goes either to family members, is sold, gets donated or thrown away. THAT'S IT...... Then I think of all the animal shelters that need help & are constantly struggling with little or no reward which bothers the hell out of me.......and I look around & see how much money in this world is pissed away in "fluff" & good causes keep struggling.......
    3
  36016. Before we start painting a completely bleak picture - which, like you point out, may create a self fulfilling prophecy - I'd like to mention a couple of things that are important when looking at stats. For example, while it IS correct that the US personal savings rate is at its lowest since 2009 it is actually pretty much on the average level since 1999. And the drop could very well be a reaction to extremely high savings rates during the pandemic reaching over 20%. But we also need to look at that in combination with household debt which "decreased to 78 percent of GDP in the fourth quarter of 2021 from 78.50 percent of GDP in the third quarter of 2021" - such low levels have not been seen in the US since 2003. Sources: Bank for international Settlements. and U.S. Bureau of Economic Analysis
    3
  36017. I’m surprised about your comment about Port Orange. When we checked out that area a few years back it wasn’t a great place. Must be improving??
    3
  36018. What's wrong with mayonnaise? The Wally mart brand is cheap, tastes about the same.
    3
  36019. Well done! Great daydreaming material.
    3
  36020. Im a Native of Bay County....Luckily you was driving on Front Beach on a Sunday....any other day it would be 3 times worse than that. But....if you would have been on Middle beach or Back beach....traffic moves abit better. In Panama City....Life is WAY more relaxed than on the Beach....I live in Panama City and it only takes me 20 Mins to get to the beach any day! With Hurricane Michael that came through.....it did mess up some things on the east end of the beach.....the west end...where u were at...( Pier Park) didn't get much damage. Now...In panama City...ALOT of damage happened....and MANY homes still till this day have tarps on the roofs and some are now vacant because the owners didn't, couldn't or wouldn't fix the damages.
    3
  36021.  @MichaelBordenaro  agreed! I've lived on the beach and in town multiple times....I now own a house in town (Panama City) ...some people that live on the beach, Never come to town and people that live in town never go to the beach. But both places have alot of the same things....and then the beach has things town don't and vise versa. It's a good mix depending on your preference! And in your video....how you said right off the Beach Front things turn different fast....in how the area looks....that's because off the beach front....its mostly homes and Parks....these places were there WAY before the condos were there. I remember as a kid 6-7 years old....I'm 42 now. But as a kid....there was only maybe 3-4 condos on the entire beach. Just about the entire beach was accessible. Pier Park was woods...lol. and hardly anything was on Back beach from the Hathaway Bridge to Phillips Inlet!
    3
  36022. thank u
    3
  36023. 15:00. Doesn't sound like she's "choosing" to rent. more like forced?
    3
  36024. Great info, Thx again Michael
    3
  36025. My oil investments have a 9% dividend return (MPLX) but still, gold has been fantastic long term!! 😊
    3
  36026.  @MichaelBordenaro  you can lead a horse to water but can’t make them drink.. I have learned from your research.
    3
  36027. Hello Michael, try Luis Vuitton evidence or Cazal 9058 002 perfect for you
    3
  36028.  @MichaelBordenaro  thanks for the quick reply Michael, I’ve got the Luis Vuitton Evidence glasses and a few more LV glasses, my advice is don’t buy the cheap sunglasses that everyone buys better with 3 or 4 more expensive ones will be better investment.
    3
  36029.  @MichaelBordenaro  The fresh water springs on the St.John's river and Suwannee river are particularly amazing. I grew up on the Suwannee but I currently live in Welaka on the St. John's river. There are many springs to see and enjoy on both.
    3
  36030. I think you've convinced me to move back to FL from Chicago! Can you recommend any buildings in Brickell that are on the quieter side? Waterfront views are a must.
    3
  36031. Grow grow in stupid ways and pay the infrastructure price. An hoa saves the money in an account for the homeowner.. If the hoa doesn't do it then the homeowner has to save. Houses need paint, roof. Who pays for school, who pays? You, either way. Even if you rent you pay. The landlord is not paying, you are.
    3
  36032. It can continue to go up, because many Americans are doing great - 3.168 million the Population of Orange County California - Median Price home: The median sale price of a home in Orange County was $1.1M last month, up 12.6%.
    3
  36033. Michael Bordenaro Thanks for getting back to me! Do you know of any cheaper areas in Florida? I only know of Jacksonville but was wondering if there were any more.
    3
  36034. I thought I recognized that music. 😂
    3
  36035. Michael thanks again for another excellent video it’s so much appreciated.
    3
  36036. God Bless you bro I wish you the best in your new property.
    3
  36037. Spend Summers there In camper Vs rental
    3
  36038. Del Mar wrestles with rampant unregistered short-term rentals. JULY 12, 2023. This is the same story in all of San Diego County. If you can rent a house for $1,000.00 +++ per day , homes will never be afordable to mere MORTALS. Thats why the prices don't come down. There is ZERO crack down on the laws limiting or outlawing rentals for less than 30 days... The corruption is beyond what anyone can immagine.. You ain't in KANSAS anymore, thats for shure . 🍷
    3
  36039. We need help. This is not a fair game. Affordable housing is a right! Trying to buy a house right now is discouraging. Something does need to be done.
    3
  36040. 🇺🇸 Hi Michael! Great video! (As usual)
    3
  36041. Worked 4 jobs during the pandemic at the same time, smashed my student loans in months, and gained a huge savings to use for whatever. For my use...EV would make sense, but too poor to go electric lol. And Tesla's build quality is garbage, and I don't want to be forced into an "ecosystem."
    3
  36042. Definitely to the right side of the joker It looks good there! Congratulations Michael.
    3
  36043. 😄
    3
  36044. If you were one of them maybe you would have a different mind set. Just saying...🙄
    3
  36045. Your videos are great
    3
  36046. Read about half the comments and not one mention of wage inflation....in comes in all forms...people are getting paid more.....
    3
  36047. Saw the rectifier and wonder where the best music scene in Florida is? Original or cover scene!
    3
  36048. I heard all Canadiens and Australians have adjustable rate mortgages. It’s the norm over there
    3
  36049. Me and wife made 116K and live in Stockton CA and renting; no student loans; we just waiting and plan to make a move in 12-18 months for 350K max regardless of IR. We witnessed the 2008 crash ; and we not making that mistake again; nothing to do with any debt or car payments; we just saving and our rent is ridiculously cheap
    3
  36050. Guess what? Henry Flagler and Henry Plant pretty much built Florida. Two Yankees
    3
  36051. 35% decrease is a good number soon
    3
  36052. Love your vids!!!
    3
  36053. It would be nice if you put a gps location square in the bottom left or right so we know where you are. Great video otherwise!
    3
  36054. Nice video, looking forward to the next one!😎
    3
  36055. Great video!! I too loved the different beginning!! Very nice 👍 ❤️❤️
    3
  36056. Banning is stupid. Have them pay triple taxes and insurance and then reduce native owners expenses.
    3
  36057. Maybe travel to different parts of Florida and talk about those places. Loved the video😊
    3
  36058. Anything going on over here How hot was it? Maybe that's why there was nobody out. Illinois into Florida but I'm so afraid of the heat! Oh and the alligators and snakes as well. And the mosquitoes, love bugs and saw palmetto roaches, and see-ums...forgot how they spell it.
    3
  36059. Kentucky has a candy company, Rebecca Ruth. Bourbon balls, Kentucky whisky cordials. Super Yummy. 😋
    3
  36060. Just to clarify the video was very informative but the apartment was not imo worth it, especially the entrance was very tight and out of the way and that carpet in the hall will get old quick
    3
  36061. I guess real estate is local like they say. I don't think prices on Miami Beach condos are going to go down because they aren't making any more shorelines. I'm not sure what will happen here in Phoenix. I live in a historic, walkable "gayborhood" near downtown. So high prices in this area might be the "new normal." I guess it's also a matter of supply and demand and location.
    3
  36062. Hi Michael you are doing a great job with your videos take no notice of your critics, most would not be able to walk 100 yards, some would struggle to walk to their car. As for the Data so out of balance it is compiled by people who just look at the screens and have not been to any developments or visited any properties in the last 6 months.
    3
  36063. Beautiful beach 🏝 love free parking 👍🏼
    3
  36064. Michael can u tour some wealthy neighborhoods sometimes
    3
  36065.  @MichaelBordenaro  I think pinecrest coral gables key biscayne miami shore u should tour like watching your videos I'm thinking of moving to miami soon keep showing the videos thank u Michael
    3
  36066. awesome video thank you so much Michael !
    3
  36067. Hi! I’m very allergic to mosquito bites (I know...) but I have been in Florida before. Anyway, could you tell us more about tips to avoid/mitigate mosquito bites and the best time during the day to go out in order to avoid them? Thank you!
    3
  36068. I've been wondering about the jelly fish situation there. Thanks for mentioning that up in the video. I'm sure that will ease peoples minds a bit. I guess a small portable first aid kit would come in handy being that you frequent the beach so often.
    3
  36069. It never came down during shock and awe 20 years ago and it goes up even when inflation is low. They always have a reason for price increases the past 2 decades……..War, putting tariffs on china, Covid, inflation………….it never stops.
    3
  36070. Do these people think these buildings are going to last forever???????
    3
  36071. What is the average price for a 1 bedroom condo? & 2 bedroom condo? I might be moving down with a roommate.
    3
  36072. Yeah man we're headed into collapse.
    3
  36073. Holy crap, those prices are in that area.
    3
  36074. "If I don't buy now, I'll be priced out forever...." Yes you will, but so will everyone else. Which is the exact reason why house prices HAVE TO FALL.
    3
  36075.  @MichaelBordenaro  I’m just pulling on ya! Keep making great videos, I’m planning to move to Miami next month!
    3
  36076. Hello Michael, Randall here again. Thanks for the video. This was a great addition to the visit around Clearwater. I will have to try to go here some day when I'm visiting or hopefully living in Florida. The diversity of nature and little cities of Florida are just breath taking. What a beautiful day. You talk about the wanting to see the sunsets on the west coast, but I can't remember that many in your videos series of the trip around Florida. In future videos like when you go to California and Arizona I suggest to try to video the signs like you did here. The video quality is so good we can pause the video and read the signs quite easily, I just figured out. The material was so interesting on the history of Caladesi, the snakes, and the reason why they set the fires. Thanks and how about that ending to White Lotus!! Just when it got really good it was ending. I hope they continue White Lotus.
    3
  36077. A wind mitigation on your roof can save LOTS of money on HO Ins! I would have liked to see all the houses for sale / rent on the walk today in this video.
    3
  36078. Pretty cool
    3
  36079. Well considering in the 60s the inflation adjusted home price was 180k I'd say it's a lot harder to buy a home these days
    3
  36080. Love the video. Planning on moving to the fort myers/cape coral area one of these years. Maybe you'll be my broker?? Would love to see a video on expenses, ie your not paying an HOA fee, so what is the price of monthly upkeep in florida. ie lawn, pool (if there is one). I'd love to know for future reference.
    3
  36081. Absolutely beautiful neighborhood.
    3
  36082. Hi Michael from the UK ! IF THE FED Dont finally admit the USA Is in Recession like the UK , hOLD ON , to WHAT The mighty PETER SCHIFF Will have to say .??.CANT WAIT ..thanks for your work ..Derek
    3
  36083. Cool, Congrats on all your YouTube success. Have a fun trip.
    3
  36084. Great video Michael, you made a great choice. Thanks for your videos that helped me take that leap of faith too!😀😎🌞
    3
  36085. First time watching one of your videos. Straight talk. No hyperbole and no silly thumbnail photo. Definitely correct about plane tickets. Priced tickets to Vegas in April over $800 round trip. I've subscribed and will continue to watch. I'm interested in purchasing a house in the next 15 months so I'll look at any videos you have regarding real estate. My 401k is taking a major hit. No where near retirement but I'm not a spring chicken either.
    3
  36086. I'm looking at mid beach or north miami beach can we meet up when I come down
    3
  36087. I was in that area in June. There is a great public beach near by called Manatee Beach on Anna Maria Island. It is the nicest beach I've been to so far in Florida.
    3
  36088. When and If the Florida housing market goes down 30% I will buy but not until then. Otherwise I will stay put in my paid off home. If first time buyers can not afford to buy or rent you will end up in a third world country situation.
    3
  36089. haha same phrase I use pick your poison <3
    3
  36090.  @MichaelBordenaro  Yeah, the Sherry Frontenac Hotel over there off of Collins street was and is a cool hotel. Great morning breakfast for the first there. And they had a pool but I still would walk on the beach area behind there. Thanks.
    3
  36091. Nobody wants to be sitting at a charging station for an hour or longer.
    3
  36092. So glad you made this wonderful video, Michael Just what we needed to see! Glad there are still some affordable homes in Florida, though just barely. I LOVE house #'s 3 and 4. (I think I have that Apalachacola house marked!) Those more artistic homes are totally my speed!
    3
  36093. Buying a house for 600K that was build in 1940s, with a lot of work ahead to do to... Doesn't seems to be a good deal to me.
    3
  36094. Loan terms dictate the value of money. If you could borrow at 0% for 100 years a million dollar mortgage would cost $833/month. But as everyone ran out to borrow and spend a normal house would soon cost $2.5 million dollars.
    3
  36095. Hopefully you made it across the street by Alvin's island. That's where the boardwalk is found. It's not huge, but it's there.
    3
  36096. ill be there in Miami Beach next week for almost 5 days if you would like to show me around and discuss options and answer a few questions thanks
    3
  36097. Illinois is working class somebody probably a mechanic was a bigshot. That's not how it is on the eastcoast
    3
  36098. Prices down there are nuts.
    3
  36099. Sounds good to me
    3
  36100. I Guess that I’ll have to wait for a huge colapse in the Real Estate Market out there in Florida if I can ever think about buying out there. Thank you Michael for all of what you do. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  36101. My area Clearwater, FL is still expensive, I stop looking for houses
    3
  36102. Michael Bordenaro I have friends who swear that there’s no housing crash coming because such and such realtor says it’s impossible. Listening to realtors is absurd at a certain level. There’s a bunch of realtors in the Southwest selling homes like crazy even though they are openly declaring that massive regions only have 3-10 years of water left. Sometimes it seems like the folks with all the power and resources have no common sense.
    3
  36103. Having lived in palm beach county for 25 years I can tell you that the basic formula for real estate taxes after your new purchase is roughly 2% of the purchase price. A new house of $500,000 would have new taxes of $10,000/ year.
    3
  36104. Suggestion: compile all your nature, especially water views (from an inland person) into one meditative video. I so enjoy the little nature breaks. 😌
    3
  36105. Re: that SoCal condo. Must be a Realtor. The commissions and closings costs will eat up most or all of the profit.
    3
  36106. Home owners trying to sell are going to have to take a bath on their asking prices. The "sellers market" with 40k plus over asking days are OVER. Where ever you are, plan to ride this out for at least 8-10 years
    3
  36107. Wait. If we all hold on to our homes the next 10 years. We should have recoup all our loses right?
    3
  36108. Awesome Micheal! You hit all the good marks. The Driving, old people in sports cars and Bentleys =. Yikes!🤣😳
    3
  36109. Why buy an apartment for $500,000 and continue to pay $2,000 for "maintenance and security"?
    3
  36110. Big Thanks, I’m in Illinois coming to Florida in January year 2022….soooooo happy you made the point about your outlook on life is better there. I’m feeling some of that what you said about Illinois…just a relief I’m not the only one experiencing this gloom/doom in Illinois.
    3
  36111. Give us all the economic downturn information you want, Michael. We are here for the information you are providing.
    3
  36112. I love Miami is a bit faster than San Diego. My skin is more moist in Miami than San Diego. San Diego does not have the best attitude around People. Sure the water is clear as Emerald Jade. Is not a vacation in Miami. I have to bust my chopps to support myself.
    3
  36113. It's only fake equity if you didn't cash out on your house. Sold!
    3
  36114. Thanks for sharing Michael 🤙🏻 Looks like it was a really nice place back in the day. Knocking it down will benefit your neighborhood vs leaving it there to rot 👍🏻
    3
  36115.  @MichaelBordenaro  Maybe they'll build one even nicer👌🏻 Visiters like myself need a good place to stay and visit that beautiful beach 😎🤙🏻 Outside the craziness of South Beach. The only reason I'm pro-demolish.. Is the fact you had mentioned people were using the property for nefarious purposes
    3
  36116. Born in Chicago. In the suburbs now. Great summers, lousy winters. I have family that migrate to Florida annually. That's the best of both worlds if you can arrange it. And, we're not talking millionaires. Nice 55 and older mobile home parks. Really is the cat's meow.
    3
  36117.  @MichaelBordenaro  So do you get family bugging you in the winter thinking you're place is a hotel?
    3
  36118. Awesome just found the west coast video ty
    3
  36119. Home price going up about 75% this year and mortgage rate going up about 9% bank will ask for 45 years loan mortgage
    3
  36120. This was interesting. I don’t think I’ve ever been in an area in my area of California that doesn’t have nice sidewalks with bike paths. The grass goes all the way to the Curbs. No fences JustSayin 🤷🏼‍♀️
    3
  36121. Michael, You are amazing, all of your videos are so jam packed with great true info! 99% of other UTbers don’t talk honestly at all, they are just looking to con the home buyer. Kudos to you 🤗
    3
  36122. Your message is right on target Michael. Agree with everything you said.
    3
  36123. Good info Thanks
    3
  36124. Great video, thanks for keeping it 💯 👍.
    3
  36125. Thanks 👍👍
    3
  36126. Got to disagree on this one lol , I hate condos , apartments etc , there's nothing better than a house for me my own private fenced pool , i live in apartments all my life till I got my house here in FL , and it's the best , I'm not into getting in a elevator and see all my neighbors , share the pool with everybody or just knowing that I have #50 people on top of me and #50 people underneath me , I can wash my car in my own garage or driveway , it's all about taste I guess , I'm done with apt,s , cheers
    3
  36127. And being single with no children would. It be better to get an apartment or condo?
    3
  36128. Loved hearing your story. I'm from Midwest and spent 12 years in East Bay of California....moved to Florida in 2013. Yes, I miss that California weather. It is so muggy now in FL and it started feeling like August in late May this year. Can't wait till January! I think everyone dreams of living 6 months in CA. I hope that happens for you! 🌼
    3
  36129.  @MichaelBordenaro  We actually moved to CA from New Hampshire so it was like a little bit of heaven for sure. I have a feeling you will do this...so much to film in Calif as you well know! All the best!
    3
  36130. Good joke! We're living mortgage free on eighty acres with double adobe home. Bought silver and gold and fought banks for ten years.
    3
  36131. Gonna love that U-shape tee-shirt 😁
    3
  36132. 😆 There's not a lot of people talking about the zombies yet. Probably because a lot of so-called financial channels don't don't know about them enough to make a video. Buy, yeah. The fallout from zombie companies going under will usher in the collapse.
    3
  36133. Hi Michael......Another great video ! I would appreciate it if you would look at 55+ communities ( like Century Village, etc.).....Thank you very much......Oh, how did the silca gel work on the mold in your Camero ??.....Ok, Take care and stay well.........Godspeed.....
    3
  36134.  @MichaelBordenaro  I appreciate the reply, Michael. Well, on the 55+ communities, just your input on what you think of them. If you visit one of the Century Villages (Boca or Pembroke Pines), how did they make you feel, some communities are sad, others are lively ( that sort of thing). Plus as a R/E professional , you know the right technical questions to ask. Digressing to the mold in the Camero, I had a '59 Stude Silver Hawk with the same problem. However, when I drove it and let it sit out in th sun, the mold problem would just go away ? ! Hope this helps.....Thank you and Godspeed......
    3
  36135.  @MichaelBordenaro  I really would appreciate it......Thank you very much......Godspeed.....
    3
  36136. Just because a developer bought that high rise doesn't mean they are gonna get those prices or even complete the project. I lived in Vegas for over 20 years and I saw projects on the Las Vegas strip in the billions like Resort world and Fountain Bleu almost fully built then sat for up to 10 years during the 2008 crash. In my opinion, our current economy is even worst.
    3
  36137. Great video👏. Quality over quantity! Quality of life, over what one one has. A firm belief in the Christian way has worked for me as well🙏🏾
    3
  36138. With a nearly 9% COLA adjustment to SSI, it’s common sense that there will be no SSI for Millennials, let alone Gen Z.
    3
  36139. the story of the guy trying to meet with a lawmaker about the legal requirement for the master insurance policy required by law..... doesnt suprise me a bit. ive said for years and years there are no politicians that give a shit about you. they play for the next election cycle, thats it. they have no interest in actually representing their citizens. Ive seen cases where governers will veto a bill that is voted on and passed by the citizens of their state.... imagine the will of your people being expressed clearly by votes, and your response is "nah, i know better". absolutely insane
    3
  36140. I was so afraid in making a mistake on a wire transfer, especially your life savings, the escrow company we used had a different address than what was on the agents email, but it ended up the in correct account
    3
  36141. When it comes to mobile home parks it a multi facet issue. I do apologize for not organizing this post better been sipping on some drinks. The first thing about raising rates on parks are two things. See what the market will bear and chasing people out. The problem when it comes to chasing people out as stated in your video is the cost to move the unit. The problem you have is that most people don't have the money to move. The other problem is a lot of mobile homes don't get the proper maintenance over their life. So let say you get the money to move but no company will touch your place due to the fact it won't survive the move. Not you can't really move to you get the place fix up but that could easily be 10k - 20k and it the awkward question of is this place worth that much money. Now with people who can't afford to move they are racking up late fees. The fees get to the point that they can claim your mobile home in lieu of payment. They then "fix up " the place and rent it out. The other thing about raising rents is to chase people out. Some of these parks are in great location in a city. While the parks might not be great if you paved them over and build some other houses. You can command more rent and add value to the land.
    3
  36142. Enjoy the beach as much as you can.
    3
  36143. Good Job Michael. Hope to meet you in July
    3
  36144. Are you seeing any indication that hurricane Ian has caused declines in residential real estate prices? Or an increase or decrease in apartment rents in central Florida?
    3
  36145. People are wierd. Lol
    3
  36146. Happy 4th of July Michael 🇺🇸🎆🎇❤️🇺🇸God Bless America 🇺🇸Safe traveling on your road trip.😊Thank you 🙏
    3
  36147. Here in Fleming Island, FL I noticed 5 days with NO new listings 😳
    3
  36148. would never live in florida. i live in california and will never leave. also if your comparing the coastal cities yea floridas are hotter but inland southern California 8s one of the hottest places on earth death valley almost hit 130 last week
    3
  36149.  @MichaelBordenaro  idk man a lot of the hate is from online i guess or bitter or idk but all my friends and family and i who live here love it. moving isnt even a thought or brought up during discussion
    3
  36150. I’d like to filter by dog-friendly beach access. Is Flagler the best option?
    3
  36151. Thank you for the informative video. My husband and I are thinking about buying a property in Florida for a while, lol. Thank you
    3
  36152. I like when you stop by houses for sale and pull up their listing
    3
  36153. Love da content keep it up... its funny how the insurance company packed up n left right before the hurricane and left the government insurance to hold the bag. Then their going to come back after all the damages and charge even more
    3
  36154. Thanks for sharing and showing….this is more significantly news worthy than a lot of ‘crap’ we deal with regularly.
    3
  36155. Micheal what you said about nobody knows what's gonna happen to the market is not true. Just ask the Pelosi's they can predict everything and make hundreds of millions by changing policies in their interest.
    3
  36156. Love your neighborhood tour videos.
    3
  36157. Good content very sobering
    3
  36158. Seeing personal items on a counter is a big turnoff to me, or clothes in a closet. The funniest thing is the fruit tree. That's great, so for a cool million I also get free mangoes? Sold! 😅
    3
  36159. They also know that some people will not buy the specials, so they make money. Terrible.
    3
  36160. Another good one . Florida really is becoming too unaffordable and risky to live there. All it takes is one massive hurricane to bankrupt or disrupt many insurance companies. Property taxes are obviously higher due to appreciation. We are about .6% per 100. in NC but so many areas have appreciated significantly. Thx!
    3
  36161. Hello Iguana!
    3
  36162. That is awesome news!!! That is a sweet deal you got!!
    3
  36163. As bad as hotel parking on Miami Beach. I sometimes stay at the AC Hotel Marriott on 29th and Collins - per day is $40 for a car, $50 for an SUV, plus $25/day "resort fee"!
    3
  36164. I need a Woman. Living alone is torture. Especially if you’re used to having one around. Now I’m not talking about a living with a crazy, which is an exhausting search in and of itself, but someone that is capable of giving and contributing.
    3
  36165. Miami life is doing you well as evidenced by your high-quality camera which captures your youthful handsome self! As always, I appreciate your insightful take on the market!
    3
  36166. We got you brother! Glad to hear business is good
    3
  36167. May 7!! happy super belated birthday! 🥳 🎂 🎈
    3
  36168. Wow. I was just thinking of going there. You saved me a trip! I dealt with homeless in LA. I just do not want to live in a state that gives more money to homeless than vets for example. State taxes go higher because of homelessness. I did not know it was that pricey. Thanks. Can you do a video on cruises since you love in Florida? Have you both been on a cruise? I doubt that's your thing but just curious if you have input.
    3
  36169. You’re amazing and hilarious! I love the way you explain the housing situation. Very accurate! Thanks!
    3
  36170. Mike, if you need to rerent a unit make the initial lease a month to month lease. So if the tenants dont pay you the rent you dont evict the tenant you just dont renew the lease
    3
  36171. Great video Michael. You mentioned storage. I have an idea for a video for you. How about doing one just about self storage in Florida. Like, best most reliable storage companies, how to avoid mold growing on your stuff. How you keep your stuff in your own storage unit free of mold, etc. Maybe you think this is not an interesting subject, but for people like me who will be moving to Florida with all their worldly possessions and don't necessarily have an apartment or house to move into immediately, but will be looking for one and in the meantime have to use storage while they look, this would be a great video and would help lots of people in the same boat. Thanks.
    3
  36172. Good job 👍
    3
  36173. Good points
    3
  36174. The gloom & doom was when prices were rising 20% per year. Falling real estate prices is a relief.
    3
  36175. nice video
    3
  36176. Housing market is crashing. Wai tit out or offer way under
    3
  36177. We are shocked that you said that about dating you don't need to go to dinner This is absolutely wrong it's not all the girls that he went out with and what he spend does something wrong with himIt's not the food or the drinks It's him
    3
  36178. What do you think about Real Estate opportunities here in Florida?
    3
  36179. Michael Bordenaro well that too, I’m planning on moving to Florida or California to become a Real Estate Agent, but I can’t decide which one is the best.
    3
  36180. Joe and Susie...I know them..lol.
    3
  36181. I'll be moving north eventually. When the earth decides to rid itself of us, the oceans will wash right over this peninsula.
    3
  36182. I'm interested in seeing/learning more about Crawfordville. Some reasonably priced homes on land come up on my searches and it is peaking my curiosity. I've been leaning towards west/central area for the old growth oak tree canopies, but it looks pretty good up in the Crawfordville area from what little I can see on satellite maps. It rates very high for quality of life. Anyone know first hand?
    3
  36183. I'm 46 yrs old and disabled and need to relocate to Florida , I'm recently divorced and the house I'm living in now is under contract and have no place to live with my cat , I'm drowning in anxiety and stress what now?
    3
  36184. Doesn't keeping a thick layer of wax on your car help? Yes corrosion is a big problem! Having a garage definitely would help 😯
    3
  36185. I like this daily life video, keep them coming.
    3
  36186. I knew about sinkholes! Interesting video and the map will be my guide. Also, the idea about an inspection is an excellent suggestion! Michael thank you for this video!
    3
  36187. When you need that policy to pay out, do you think you'll be in a position to mount a strong legal defense to get the care you need? I highly doubt these policies are worth it. Pretty sure that guy on the Rich dad radio show has a bridge to sell as well...
    3
  36188. Who ever rents any property for 25K a month is out of their mind, much better to buy I can buy and make the same mortgage or less. At the end this investors do not use their own money 99% use loans to buy, that is 101. Now you all say CASH buy, all purchases are cash to the seller. Off Markets are normally the best deals, and Michael that is a very good comment.
    3
  36189. ☝️🧐,,, your source is the Wall Street Journal,, and I agree the WSJ article does not give the real picture. Love❤ the walk, beautiful area 😍
    3
  36190.  @MichaelBordenaro  good point
    3
  36191. Interest rates are headed to double digits next year and as a result the present ridiculous housing costs will plummet...the current system is not sustainable.
    3
  36192. Don’t forget: try to stay fit and eat healthy too. If you don’t: healthcare ain’t all that great and it’s too expensive
    3
  36193. For me it would be ocean temperature water to cold in California! 🥶
    3
  36194.  @MichaelBordenaro  And now i know where you hiding your cash ! I am coming for you !!!! ^^
    3
  36195. Miami Beach one of the best beaches in the world? Muaahahahaha. Ok about the vibe, but the beach itself... psssssss. Good videos anyway. Keep it up!
    3
  36196. Are you considering St Augustine or somewhere else in Florida?
    3
  36197. Hi. I am getting ready to move from CA. How much is your Skype consulting? I would like to get some advice of buying a property and live in the winter and rent out in the summer on Airbnb.
    3
  36198. Merry Christmas and Happy New Year !......Really nice video...........Thank you..
    3
  36199. Love the one for purchase. Seriously if you put down 20% as you should anyway then this is dirt cheap and it is a nice investment property if you ever move somewhere else and rent it out.
    3
  36200. If 15K homes got build in one of the most in demand areas like Miami, they would all get sold at top price & it would not make a dent in the market. Demand is still super high in prime Metro areas & I don't see that changing any time soon no matter how many houses or units come to market.
    3
  36201. Are there any 1 bedroom condos within 5 - 10 minutes of the beach under 120k?
    3
  36202. 10:20 This doesn't really bother me. That's what I'm used to paying in Upstate New York.
    3
  36203. 12:16 Is that like Imax? I'm really big into going to the theater watching new releases. Where I live I spend $20 per ticket for Imax. Regular theater is $10 and RPX is $15.
    3
  36204. Zero dislikes!
    3
  36205. Watch you daily. Loved the smack down in this video. Hello from Naples.
    3
  36206. This house is so beautiful, don’t think I would even remodel anything! I love these new types of videos you’re doing! Also, this is legit the perfect type of property for Air Bnb, etc. Good job!
    3
  36207.  @MichaelBordenaro  Exactly, also many areas were already renovated. Love the older kitchen, lol. And I’ll be checking for those videos, thanks man!😀
    3
  36208. Hi from California. Teachers in California generally make okay Money, the problem with California is prop 13 that more or less has a maximum evaluation of +2% business and residential property unless it is sold or changes hands causing property taxes to be vastly diminished. It also causes people to be far less likely to sell there home. Example - California in 2021 had 416k homes sold, Texas had 417k homes sold. The population of California is roughly 40 million and Texas is roughly 29 million. If you have less sales, less property tax in percentage and revenue collected, and as well as increased home prices in California you are going to have a disaster for everyone who works and isn't in the top 5%. Here in California the have nots subsidize those that have....... A lot of weathly industries and people bought up all the houses in 2008 and they're paying property taxes maybe 15-23% more than what it was at the time.......
    3
  36209. Great video Michael. I feel the exact same way. I live in San Antonio Texas and unfortunately this is not the fittest City and my fitness level has declined while my waistline has increased just because I feel unmotivated. Moving to Florida is something I am considering in the near future. Thinking about Destin.
    3
  36210. Don't quote me on this, but I think that's a type of mushroom that's growing all over that tree at the end. I could be wrong though lol
    3
  36211. New subscriber here. I don't know why u just popped up on my recommendations but im glad u did. This is the most insightful and easy to understand explanation of what's happening in the housing market without a bunch of jargon that nobody understands. Now i will go back and watch your others videos. Im born and raised in Southern California, we are able to take early retirement so we are trying to decide where we want our last move to be. Thanks for sharing your knowledge.
    3
  36212. I know someone just bought a home in Fremont CA $500K above asking price. NUTS😁!
    3
  36213.  @MichaelBordenaro  it’s not uncommon, people these days are taking pride in overpaying for these houses.
    3
  36214. As usual great info! The more I watch, the more I am considering buying a liveaboard yacht.
    3
  36215. Great video man!!!
    3
  36216. you so right about the English speaking ..
    3
  36217. I lived there during the 1990-93 , I really loved living there , once driving through Hialeah I stopped at Burger King placed an order and was answered in spanish ?? The clerk would not speak english to me and made me feel like I should understand spanish. America is the gateway ,but everyone comes and learn english ..my grandmother learned english ..ok
    3
  36218. Happy new year Michael
    3
  36219. Yep. As far as buying a home, it's a long game. Save, save, save. Maintain an excellent credit score and pay those bills on time.
    3
  36220. Regarding gas prices; what is pretty much guaranteed is that politicians will be casting the blame for higher prices on the government and not on the dictatorships around the world who control the major flows of oil ...
    3
  36221. Let’s see 214,000 in 1990 at 3.5% average growth is still not 1.6 million more like 750,000-1 million.
    3
  36222. Dude, people who DON'T SELL are fine if they wait 3-4 years.
    3
  36223.  @MichaelBordenaro  That’s encouraging. Thank you! I will keep working on reducing debt and saving up a down payment.
    3
  36224. Shabbat shalom! Wow on that movie clip! My old apartment in Ft. Lauderdale was built in 1964! I love that era! 🌴
    3
  36225. Nice work bro. Just did a similar scenario here on Bonita Beach. Bought Nov $700k. Just listed $1.2M. In contract day 1. Took advantage of an emotionally high RE market. Homeless once again 😎
    3
  36226. If you believe one word that the government or their attendant state run medias tell you, you're screwed.
    3
  36227. Great GREAT intro. I got this daydream of several, but already can vividly see the swirl in the clouds of pink, orange, and elusive blue to violet. I'm on my Sport Motorbike meeting up with my family at SeaWorld...grabbing some sushi dinner afterwards... Mike, I've been to Florida twice....My heart broke both times when I had to return to 72712 heard the "too expensive" concern. Most likely they rely on the Walmart mindset which is just another "Hindenburg" of the industry. Walmart.....https://youtu.be/xB8i3ZUSXN8....there's only soooo much "Walmart ville" a person can take.. Walmart seems to monopolize and dominate its presences that predetermines most businesses that can operate in town.........https://youtu.be/xB8i3ZUSXN8
    3
  36228.  @MichaelBordenaro  all the coconut in soo many forms (i.e. Coconut Protein Smoothie, Coconut shower gel, coconut fragrant candles, and the lime) I can enjoy while the waves washing upon the chair as I'm chilling with that Coconut/Lime Daquiri. Oh hey, whuttup Cpt. Morgan....plenty of time....enjoy the lime..
    3
  36229. I will be there next week from Boston; its been 5 years since I went to Florida. Not moving yet; I need another 1.5 years. Just checking out areas for vibes.
    3
  36230. I'm really digging your new format of making videos. One thing... It would be nice if you mention the city and area where you are filming.
    3
  36231. All nice apartments. These are not to rent for a year, almost all rentals are furnished apts. Places are mostly low populated , not many jobs, with the exception of Ft Lauderdale maybe. Good places for active retired people looking for 6 months experience in sunny Florida, I guess!
    3
  36232. You said it yourself, Next to a golf course!
    3
  36233. I live in a high rise condo on the 42nd floor right on the ocean. I ain't scared. If I die, I die.
    3
  36234.  @MichaelBordenaro  Yep, I've put my life in the hands of God and if it's my time to go home, then I will go home. Until then, I will enjoy my life to the fullest. A roof just collapsed at an apartment building in Miami....
    3
  36235. Hi Michael, Appreciate your videos. Would love to learn more about the differences among beaches in Florida, that will help to choose our next getaway. Just FYI, we were at Clearwater and St Pete beach last month. I personally liked St Pete better than Clearwater. Less crowded, and less commercialized. Loved the St Pete Pier and boat ride at St Pete Marina. St Petersburg downtown is also great. Enjoyed the Oak and Stone bar and grill's beer wall and pizzas.
    3
  36236. Deals are good. Thanks for explaining the NEW CONSTRUCTION. Great video
    3
  36237. Every generation is more stupid than the previous one...so true...as evidenced by how young people make decisions compared to how their parents did at the same age
    3
  36238. P.S. There needs to be a two car garage for that price of $600,000.00 plus?
    3
  36239. Please visit Naples Florida 😊
    3
  36240. Great video Michael!
    3
  36241. people who call you gloom and doom are pay bot by davos ,they are everywere in youtube telling the exact same thing to discouraing people like you to telling the thruth ,,you guy are all complaining about that ,,lol ,im not joking at all
    3
  36242. No one should ever get in the position of house poor, not realistic. Happy Wednesday Michael and Thank You!
    3
  36243. Blue light special👍😁❤
    3
  36244. I’m not seeing prices going up in northern florida. In fact. I’m seeing them dropping lately. Small discounts of 5-20k on a 400k house. But it’s something.
    3
  36245. Thank you for sharing the difference between an Alligator and Crocodile. :)
    3
  36246. i like your youtube videos and i subscribe your channel so plz tell me ?? which city is best i'm a student. and which city have a part time job opportunity?? please tell me.
    3
  36247.  @MichaelBordenaro . hello jacksonville and Gainsville is same or different cities and Jacksonville is best or Gainesville?
    3
  36248. Michael, I'm wishing you 1 million viewers soon. You deserve all the success and million of dollars coming your way. :-)
    3
  36249. People who bought a home in 2021 and early 2022 are in good position if they got a fixed rate. It's anybody buying from this point forward who will be in rough shape
    3
  36250. We weren’t too impressed with the Titusville area either. We drove out there to watch a rocket launch about a week ago and that was awesome to see. We’d like to go visit Kennedy Space Center as well, but other than that, there really wasn’t much else to see or do there. But now we can cross that one off our list and focus on other areas to see for our next trip to Florida!
    3
  36251. Bougainvillia is the plant. I'm from California, and this reminds me of CA, the houses, the plants the weather? Moved further north and I'm not liking the weather--I was thinking of movoning to Florida, since California has turned communist...sad sad sad, they are purposely ruining that state. Your channel is very helpful, I'm trying to figure out where I might want to live. I really like surfside, I was originally thinking West coast, but not sure now.
    3
  36252. Keep more videos coming
    3
  36253. Never underestimate the other mans greed. This is all just financial engineering. I kind of think this is a ponzi scheme a way to lock people into paying for 40 year mortgages so they keep us like rats on a wheel.
    3
  36254. OK out in Vegas now when you order fast food, there are no longer tip jars.... now when you order the cashier puts back to you how much you will tip , No less then 18% - 25% for walking up to a counter ordering a burger. You need to be tipped for that? Are you not paid? And how long are people going to do that for crappy fast food? Interesting. And the tip jar no longer split between the workers, where does that electronic tip go?
    3
  36255. Try silica cat litter
    3
  36256. Can’t wait to vist Califorina next year!!! Looks so nice there
    3
  36257. greed is destroying the fabric of our society. if we don't stop it we'll soon be everyone for himself
    3
  36258. 7 - 8 months of hot sweaty weather. Fun. Winter is the best.
    3
  36259. You are one of the few making sense. Thank You ...There is also good reason why many are leaving Blue cities or States in general: And calling Red state home.
    3
  36260. Whenever you move somewhere new there is always a risk that reality does not match the marketing so it's great be able to buy in your existing building. 3 bed 3 bath sounds amazing. You can both have your own separate space. My setup is 3 bed 1 1/2 baths for 2 people. I'd kill for another 1 1/2 baths but you can't have everything.
    3
  36261. Michael seriously, if you’re buying a car, you have to have full coverage insurance, so let’s see just for those 2 items and gasoline, is what 1000 a month. What’s the new occupations drug dealing, theft, robbing, if they didn’t extend the length nobody would buy a car, frankly the car lots would be dead, simple, who’s fooling who, where the hell are people getting there money, I’m waiting.
    3
  36262. Thanks for sharing your info about Moving to Florida.
    3
  36263. I am looking to move to Miami in December. Can you help me?
    3
  36264.  @MichaelBordenaro  Great! Thanks
    3
  36265. I can't help but laugh every time I hear gardening in the audio now. 😂 Outstanding content. Thank you.
    3
  36266. Rich people own assets, poor people own liabilities. That is the key phrase.
    3
  36267. This economy is propped up by Federal Reserve money printing for the Federal Government leading to an ever increasing deficit spending and debt. This debasement of the fiat dollar is the only reason the country is not in a depression yet.
    3
  36268. Great presentation. Appreciate your honest and expert opinion. Agree with you 100%.
    3
  36269. From personal experience in most places you don’t haft to wear mask and there not strict even if there are signs of you walk in without one Chances are no one will care unless your in a big city in Miami where things might be a little more strict
    3
  36270. Dallas needs a 20 percent drop. Homes are completely misaligned with what people earn here now. No doubt in my mind it's coming. I think it's getting shielded by out of staters. When they can buy for cheaper at home that will fall through
    3
  36271. I lost my job in March and was only able to find a part-time job. Runed out of unemployment, very frugal but had to buy a tv on black Friday because my blew up in June.
    3
  36272. I think the collection agency for my credit debt put lein against my house, but are saying after 10 years, they can't get money if I sell the house too?
    3
  36273. Ive been staying for months at a time at airbnbs across the nation and that's just a long stay discount they apply for anything over 7 days. They've been doing that for a while now. It's not a recent thing.
    3
  36274. Thanks for another great video Michael! They say history doesn't always repeat itself but it definitely rhythms.
    3
  36275. Love your videos bro keep it up
    3
  36276. will you be doing sunny isles?
    3
  36277. Awesome! North beach is nice too!Haulover and HOllywood too.
    3
  36278. Good video Never borrow from where you sleep.
    3
  36279. Hey what’s up , please do a full video of the park . Thanks !
    3
  36280. I have feeling that you might like Queensland Australia. The good points of Florida but much less negatives.
    3
  36281. Thank you Carol!❤️🙏☺️
    3
  36282. Don’t worry!! Inflation reduction act will solve all our problems! That’s why sellers are being stubborn! 😁
    3
  36283. Are condos in Destin overvalued right now too? I have 6 more years before retirement and a move from Ohio to Destin
    3
  36284. Thank you
    3
  36285. Love your videos man. Im on my way to fort lauderdale for the weekend on oct 10th. I am looking at cities in florida that are dog friendly(husky shepherd), relatively cool climate, and has big waves...I visited st Augustine and it seemed nice but definitely a small coastal town. I heard of reef road have you been there?
    3
  36286. The pivot in 07-09 occurred September 07. Most of the crash was AFTER the pivot
    3
  36287. Wow, water is high for a place with abundant water. That's significantly more than we pay in CA per month. Income tax is a funny thing, and definitely varies by state. People (employers too) like to tell my husband, well you won't have any state income tax. So he should not be concerned with a $2000+ a month paycut because we won't have to pay that $1100 a YEAR in income taxes to California. 🙄 With housing so crazy, it is really NOT cheaper to live in FL. We know it doesn't make sound financial sense, but we're still considering a move to the Sunshine State because we believe it's a better place to raise our kids than CA. We do not have family in either state.
    3
  36288.  @MichaelBordenaro  The cost of renting or buying there reasonable? Would it be considered a very safe community?
    3
  36289. Excellent info. Is it any cooler in Sarasota than Miami? I want to live near friends but St Augustine may be better for me as you describe the weather. I love to be outdoors all day whenever possible.
    3
  36290. Great video Michael! That is so cool that you were able to drive on the beach. You don’t see that every day.😊😊
    3
  36291. Hello darkness my ol friend I've come to talk with youuu aaagain
    3
  36292. Looking forward to your tour on this! I assume housing is crazy there too right now.....?
    3
  36293.  @MichaelBordenaro  I knew you wanted to grow your YT videos to be full-time, but I thought you were also trying to get leads for real estate as well. I never got a RE license, but was an investor, so knew the business. The competition among realtors and some of the environment was pretty cutthroat. I have known people in the business, and while a commission can look really big, you have to split it with others, and there can be long lean periods, especially in a market downturn. I had a friend that made nearly $300k in CA several years ago, but they also had a year of $24k 2 years before that!
    3
  36294.  @MichaelBordenaro  I have never heard you give any sales pitch from you soliciting real estate leads, but I figured since you were offering info about the market in Miami & other parts of Florida, you would get calls/emails. Several realtors around the country do some videos and leave all their contact info below the video. Some do a real nice job, but many give a very canned presentation, and you can tell they just want buyers. I recently saw one by a guy in Tampa about the Hyde Park neighborhood (my favorite in Tampa!) that was excellent, but some of the others in FL or upper New England (another area I love), are just sales pitches or very dry "stats" info about crime, schools, median house prices, etc. If you just want beautiful drone and other shots of places (Florida and lots of other areas), I would heartily recommend Tampa Aerial Media. His videos are beautiful and cover a lot of sites, but are not geared to home sales or encouraging people to move - just travel videos of the places. He has done Tampa, St Pete, St Pete Beach, Naples/Marco Island, Ft Lauderdale, and Miami (of the ones I have seen), plus NH (2 videos - 1 on the mountains & the other on the seacoast), VT, Maine, and Idaho - so a good resource for area overviews.
    3
  36295.  @MichaelBordenaro  You could work out a referral deal with some realtors in different parts of Florida, just as another source of income. That way, you are not pitching real estate, but your informative videos would generally create interest from people considering an upcoming move. As a RE investor, I had some bird dogs that would refer properties or interested sellers and I paid them $1000 for any closed deal. They did not want to do deals, and $1k was not much to me, considering the potential profit of a deal. I am not telling you what to do - just an idea, as you could still focus on videos, but making a phone call here and there could bring in extra cash, and realtors are always hungry for new buyer referrals.
    3
  36296.  @MichaelBordenaro  I guess it could be tricky finding agents with integrity that follow through by giving you your finder's fee, and since you cover all of Florida, you would need many agents, so I guess it would be a bit of a headache. I worked with one realtor in an area (1 in Denver, 1 in Phoenix, 1 in Orange County, 1 in LA, and 1 in Seattle), and some worked out better than others. My LA realtor even gave me a lead for 6 apt complexes in TX (the guy handling it for the bank lived in LA) so she was excellent. The others were kind of a mixed bag, but it did give me leads I could not have found on my own - plus I was in control, as they got a fee from me, after deal closed, so I was not having to track them. I was always transparent, so there was never any question of me getting their lead and not paying them. Most of these were not MLS leads, either, so no competition, and properties were priced below market, despite most being pretty new. Was a whole different market then, and lots of foreclosures that banks wanted to unload. I just thought some kind of a lead service could add income, if not a nightmare to manage.
    3
  36297. Moved to Tampa about a year ago, sadly since the Rona I haven't been able to explore much, but so far really love it. Went to Gasparilla and had a blast. Much cooler vibe than my home town, Denver. Thanks for the vid, I plan to visit other citys as well not too far being in central FL from anything. Checked out Boca Raton, and Orlando some, but want to visit Miami soon. Ultra Music Festival is on my list!
    3
  36298. I watch your videos twice usually. I watch once when i'm on the road trucking, and once again when i'm parked to remind myself what home looks like.
    3
  36299. Sorry to see, but Americans have asked for a trade between liberties and "securities", so goes it; "Creeping Totalitarianism"; my nieghbor in Oregon called these Karens moving in and power-grabbing, "bolshevics", while we were pushing them back at the City Council public meetings.
    3
  36300. 🔥
    3
  36301. another way...have less people, worldwide...TADA! growth bad
    3
  36302. People are really going get small houses and live out of their cars because this is crazy 🤦🏾‍♀️.
    3
  36303.  @MichaelBordenaro  Yes they do I've seen more people convert box trucks into homes
    3
  36304. Hello Michael and Lisi! So happy to see you Lisi! It’s been a minute.💐 Hope all is well.💝 Thank you Michael for the great videos! I don’t miss an episode!
    3
  36305. It might not be as bad we think. The real estate market might change. People are looking into the boxable homes that come with everything and solar. They only cost $50k. Look it up. People will start going that way and the big homes will be a thing of the past. Left by inheritance and eventually broken down into land and modular state of the art homes replacing them. You can stack them like legos. Look it up. Tesla has partnered with boxables. We are evolving. They are absolutely beautiful. Tesla also takes bitcoin, new currency on the rise that will change the purchasing power. Inflation destroys your purchasing power. Our economy is being manipulated. It’s different now. Inform yourself. The info is out there.
    3
  36306. The fed cant do stuff. Supply and demand is not the fed mandate. The fed mandate is is inflation and employment. Supply issues fall on government.
    3
  36307. I heard about those Wal Mart numbers earlier and those are frightening. Many people are shopping there now when once they would never be seen in one.
    3
  36308. You are right Michael -- certain pocket's of any city have the ghetto factor - article misleads
    3
  36309. Thank you bro
    3
  36310. Hotel or apartment?
    3
  36311.  @MichaelBordenaro  Ha!! 4got about condos. Too much 420 this morning. Be safe !
    3
  36312. Nothing will change it's all just election lies we all have to take action to help ourselves.
    3
  36313. Well done, Michael. Keep stacking man! Suggest you also buy Canadian or Australian gold coins to save money and diversify.
    3
  36314. We make 100,000 total together.. still scary because homes aren’t giving what it’s priced at
    3
  36315. I have cash. :) Let the sellers FOMO
    3
  36316. Awesome that Ormond beach to St Augustine zone seems the least humidity/ heat for Florida summertime with Palm Coast being the most moderate especially during winter. Home prices seem higher in Palm Coast. Panhandle sounds really interesting. All the places you listed are top notch so whatever you do seems it will be good.
    3
  36317. Hey what's the neighbourhood of that last place?
    3
  36318. When the 3 month and 10 year inverts the recession happens 9 months - 24 months later. The fastest a recession came after the inversion was in 2020 and the slowest was back in the 90s/early 2000s
    3
  36319. Hey Mike, It's James. I say both for reasons of equity and leverage for the equity toward more property. Currently and bo-humbug, I am still on hold for raising capital.
    3
  36320. Happy thanksgiving 🍁🦃 nice weather by the way it’s 50 degrees in San Francisco 🥶
    3
  36321.  @MichaelBordenaro  I want to be in a tank top in my convertible, hoping no random shower comes lol
    3
  36322. Everything is a lie because our money is a lie. Paper with ink is not value. The economic data is delusion. The lies won't matter until the truth is so obvious and the pain is so extreme that the no one can afford to believe the lies any longer.
    3
  36323. When I was a youngster me and my friends used to "ghost ride" our bicycles 🚲 into cars that were parked across sidewalks. It always bothered us that people were so inconsiderate in parking like ass hats. They got dinged, dented and scratched up, and ultimately learned how to park correctly 😊
    3
  36324. Michael is just stating the truth. We ( America) are a very over weight lazy nation...fat and disgusting
    3
  36325. Another very enjoyable and informative video, thanks for keeping the dream alive!
    3
  36326. housing prices take months even years to fall significantly right?
    3
  36327. Just more socialism - take from the haves and give to the have nots -even if they don't deserve it.
    3
  36328. THAT'S AN EASY ONE TO ANSWER: 12 MONTHS!!!LOL
    3
  36329. Not a problem. Ole Brandon will just fire up the mint and print a couple of Trillion more of that free money
    3
  36330. I'm glad I watched to the end for that trick just in case. 😆
    3
  36331. Glad you are happier down there Mike! My story is the reverse of yours. I grew up in S. Florida and moved north! Still make it back down 1 o 2 times a year and really appreciate it!
    3
  36332. I understand the difference of getting out of FLA quickly, years ago I lived in Jacksonville and it literally took me about a half hour to get out of state, where as where my dad lives it takes about 5 hours to leave the state. I like Jax because you had a little bit of a season change. I have always wanted to go to the panhandle, it looks beautiful however I think they tend to get more tornadoes and hurricanes 🙄
    3
  36333. Its funny... more people move to Colorado from Florida than move from Colorado to Florida. Summers here are like being snowed in. You get stuck inside the A/C for 6 months much like winter up North. But the heat makes you sweat and take showers and do laundry everytime you step out...lol...there are plenty of homeless here as well...
    3
  36334. Yeah! Congratulations!
    3
  36335. Michael, I hear brother, here in Sarasota on Sunday. Awesome day at the beach, while some of our best friends were digging out of the snowstorms up north. I can't even imagine living back there again. its funny that you said you don't go to the beach that much. I do. I am there at least 3 times a week, especially for the sunset. The wife and I get a bottle of wine, I do a cigar. The routine is walk the beach (3-4 mile walk) and then light a cigar and have some good wine and cheese.
    3
  36336.  @MichaelBordenaro  I don't think many people do the important math simply because their emotions and ego tend to override critical thinking when buying a house. When I was younger I didn't think about any of that, either. But just wait until the property tax bill shows up with your new assessment. Oh yeah and those HOA dues? Try not paying those. People who find they need to panic sell typically don't pencil in the 5%-6% broker fee + title insurance they're going to have to pay at closing on top of being upside down. This is why people just "jingle-mailed" their keys to the lender last time around. Been involved in RE for 17 years, the stories I can tell are nuts.
    3
  36337. Very informative and well explained video. And the video edit is on point. I hope the economy of the US gets better and balanced soon.
    3
  36338. So does this mean the condos there just expire in 50 yrs, being too expensive to repair? Or is it just ones that didn't get maintained properly? Or is it gentrification on steroids!
    3
  36339. That’s not worth 700k in my opinion, I’m willing to bet 300k of that is based strictly on where it’s located
    3
  36340. I was working there as a waiter, In the Setai hotel (2008) damn I really missed that place. Maybe when my online business succeeds, I'll go there as a tourist.
    3
  36341. Awesome finds. I'm particularly looking for condos maybe that could be a future video.
    3
  36342. Reminds me of the movie “One Crazy Summer” 80s movie where in one scene grandma made breakfast for everyone there. Then afterwards she handed out checks to everyone for payment lol
    3
  36343. I like the video because you're walking through a place that looks like my hometown. I live in s.e. Ohio and its nice to see. Good video Michael!
    3
  36344. Spend less in retirement by lowering expectations. Think senior citizens early bird specials.
    3
  36345. I'm a renting because I'm allergic to property taxes
    3
  36346. Not buying until these ridiculous high prices come down.
    3
  36347. Not sure why you picked Naples. Try to find a water / beach front establishment that you can enjoy a beer and cheeseburger while watching a sunset.
    3
  36348. Is owning a boat common in Fl? Did you ever own or rent one for a fishing trip? Can you make one video on that please
    3
  36349. I am about to start paying 1k/mo on my car which is 440/mo and have it paid off in a year and I will keep it as I love it...
    3
  36350. Do you think they will want higher credit scores also as well as the amount down?
    3
  36351. Final thoughts. I have a PhD in economics from UC Berkeley back in 1971. You absolutely know what you are talking about with macro economics. I don’t know any better then you what the future will hold. That is why I have always lived well below my means. It is a comfort now to worry about future economic possibilities.
    3
  36352. Is it better to buy a foreclosed home or a new build
    3
  36353. Choppy chop chop!
    3
  36354. I’d love the live here seems quiet enough for a family very walkable and Bal Harbor is around the corner I need big box shopping. Looks like I’d be at my budget max though does anybody know if the homes are Hoa restricted?
    3
  36355.  @MichaelBordenaro  cool thanks for doing this it’s a real help to get a tour I live in Jacksonville and I’m deciding between Orlando and Surfside or Coconut Grove good to be able to get a tour of the city. I like how quiet it is and how walkable it is seems like a good place to raise a family
    3
  36356. Very nice. Such a good memory !
    3
  36357.  @MichaelBordenaro  Awesome! appreciative of your knowledge, as always
    3
  36358. Thank you Michael for another informative video. I enjoy your videos so much your voice stays at the same pitch throughout. lol. You seem like you would be a great friend. I am retired and I wanted to know if you had any suggestions or input on senior living. I mean I know you are young but just a word of mouth in South Miami. Thank you an congrats on the 4001 subscribers
    3
  36359. Beautiful shot of the ocean. So true live life..it's too short. Just a silly question... I love those sunglasses. Seen them on you before. Are they designer or just regular. Love the shape and color. Enjoy!
    3
  36360.  @MichaelBordenaro  Thanks Michael..I checked the links in that video and couldn't find anything about the sunglasses. ??
    3
  36361. Great description of Flagler Beach, great video, very well done. I stayed at that campground right on the ocean at Beverly Beach years ago. It was amazing, but expensive even back then.
    3
  36362. 3 million? Looks like Miami
    3
  36363. Inflation is a factor of the supply of oil - shut off drilling - equals greater costs for everything - energy runs the economy.
    3
  36364. How do they not have a fiduciary responsibility to their customers? They were paid as an investment. A savings for catastrophes.
    3
  36365. Do both places never get a real winter? Like freezing cold, frost, snow ect? I hate it when its cold, would love to move to either place. by the way the water story sold me I love the sea water warm. the mountains look cool in LA like. I think I would choose Florida though.
    3
  36366. Beautiful beach but over crowded.
    3
  36367. Lived in the Icon for a little while !
    3
  36368. thank you for these videos. your hair is amazing like wow!
    3
  36369. Hey, Micheal, Miami Beach looks great! I'm curious to know since I am a Realtor in Aruba, do the videos you make also get you potential clients who like to relocate to Miami Beach?
    3
  36370. another reason for lack of retirement savings I had 80k in my 401k and 120k in equity and savings in 2008 you know where this is going laid off in 2008 tried to change careers and took pay cut for future gain couldn't find steady work between 2011 and 2014 everything was wiped out i have clawed myself back but still way behind ask me how i feel about TARP. beware... i wouldn't ask me that
    3
  36371. Get rid off it quickly before it gets worse.
    3
  36372. As usual… Awesome. Thank you
    3
  36373. The only time I had to wear a mask in Florida since the SCAMDEMIC started was for an appointment at the VA hospital
    3
  36374.  @MichaelBordenaro  feeling Blessed to have Ron Desantis as our Governor. I visited CT last year, it was bizarro world
    3
  36375. Trying to re-create 2008 allover again.
    3
  36376. My son was working full time hours at a big box home improvement store, he and his coworkers just had their hours drastically cut ( he's at 15 hours a week now) during the busy season. Definitely not a good sign for the economy, and it is absolutely devastating for our household.
    3
  36377.  @MichaelBordenaro , first time I went to SGI it was stormy. The state park at the end of the island has a pristine beach. you can walk for miles and not see a soul. When the weather is nice, you can't beat it. It is a long way from Miami- I am from Miami originally. I live in Ocala now, about 4 hours from SGI.
    3
  36378. best places for a sunset and sun rise?
    3
  36379. We shouldn't have started a war with russia.
    3
  36380. As far as what I’m seeing on the market, homes that are priced reasonably and are in desirable neighborhoods are selling quickly, but houses that are in troubled neighborhoods or that are overpriced for what you get are sitting on the market for a long time. The overall inventory is not very low but the desirable, affordable inventory is extremely low. I’m seeing good homes sell that are priced reasonably in a week or less while homes that are overpriced or that people simply don’t want sit on the market for months.
    3
  36381. I drove around bay harbour islands about a year ago. I like the area, but I’m thinking as a single person it might be too quiet or too family oriented? Lol, I know sounds funny. But after living in Hollywood 10 years, it’s a bit too quiet there and I need a bit more energy and lively area to walk and meet people people under 40. Hollywood is mostly retired folks and families. I lived there because it’s my family home, and basically to save money. What areas would you recommend that are a bit more lively/energizing and has more action on Miami Beach? Or I guess that could be anywhere on the beach?
    3
  36382.  @MichaelBordenaro  great, thank you! Happy new year!!
    3
  36383. Also lived in the Cosmopolitan !
    3
  36384. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Great video ❗️ Great Topic ❗️ Great Content ❗️ What a great subject with many different comments. Thank you Michael,Blessings,Carlos ✝️🙏❤️😊❗️
    3
  36385. Michael, Do you live with your girlfriend? A handsome man like you shouldn’t be happy alone....I hope I’m not in trouble with this comment.
    3
  36386. GREETS FROM THE DESERT MICHAEL, AND WELCOME HOME.🌴🌄🌴
    3
  36387. Like this video! I’m now living in the Bay Area with 2 kids. Hoped to start living in St. John’s county Fl from this summer, although my high school daughter disagreed to that idea. Now I wish I could move next summer. There are some difficulties. My six year old son hates wearing masks, although he has to when he goes to the school and after school. The kids around report him when he pulls off the masks! And I’m also concerned he’s been been taught about some gender relevant topics which is way too early for this age. And of course it is expensive here……
    3
  36388. I love the west coast for the same reasons but the beaches do not compare to the east coast, that's for sure. Still awesome and better than Canada though hahhaa ...Hi Santa! LOL
    3
  36389. I give my undivided attention to these vids. Impossible to miss Santa. 🤣🎅🏻
    3
  36390. I was told I should go to college but I should have a trade skill to fall back on if necessary . This was much easier when school curriculum had wood Shop , basic electrical, auto shop etc.
    3
  36391. An $800K house in that neighborhood (if you can find one) is likely going to need $100K+ in repair and updates, and run you $10K per year in property tax plus $4000+ in property insurance.
    3
  36392. Michael , great video. Gives people real, attainable ideas of easy entry ideas to generate more income .
    3
  36393. I paid $35k for mine back when. It's now valued at $125k. The insurance is $995 yearly. Tax is $900. I'm definitely not in south Florida.
    3
  36394. I wanted to move to California too! I went to Indio, California and man...i loved it! The scenery was amazing! I got real depressed coming back to MS! i'm having to settle for MS ..not that i wanna be in olive branch, Mississippi..it's so boring..nothing to do. And thats dope you at least you gave the model agency a try! U had guts to make that jump!
    3
  36395. ​ @MichaelBordenaro  I agree! I'm hoping to leave Mississippi eventually. the hardest part is finding work and leaving my parents. my parents like me living here. I can say.. you made the right move! Florida is one of the best places next to california! Lots of things to do and it has better jobs!
    3
  36396.  @MichaelBordenaro  thank you so much for the support man! I'll definitely let you know when i make the change. I know I'll have better job opportunities too besides just warehouse work in MS
    3
  36397. Michael, you need to visit Upstate NY and check out the real estate in the Finger Lakes region. While here, there's some good shows to see at The L in Horseheads NY. Lita Ford and Ace Frehley are both playing here, now that I know you're a metalhead. 🤘🙂🤘
    3
  36398. You look gorgeous on the beach.
    3
  36399. Hi Michael ,what you think about orange county orlando area for a family and work home Paint and powerwashing buss.
    3
  36400.  @MichaelBordenaro  thanks for responding, happy to make the move asap ,we have a buss running in california already for 12 yrs but we are ready to get out of here, is too expensive , we are very responsive and reliablility is a major concernfor us we work with property management and realtor agents and know the urgency of getting it ready to put on market asap ,time is the essence.
    3
  36401. Thank you Michael 😊Relocated to Texas from NJ🙏
    3
  36402. "Is it just me, or is it getting crazier out there?" - Joker
    3
  36403. Increase the property taxes on houses that aren't owner occupied.
    3
  36404. It's kinda unusal to see a Video from Michael this early in the day but i like it 😊
    3
  36405. I love cricket lol
    3
  36406. petaluma, once the chicken ranch capital of the west coast, arm wrestling championships and yes concerts at the phoenix theater like sublime ...
    3
  36407. It's much cooler here in Sarasota, like 70 today but beautiful. Always like your videos. You're very fit looking too.
    3
  36408. Michael ,.....I am a bit taken back by this type of video from you. I thought for sure your next video was going to be something like ''Top 10 reasons why Rockford IL doesn't totally suck'',...or ''Why more women in South Beach look better in a thong than women in Belvidere IL''.. Lol,......
    3
  36409.  @MichaelBordenaro  Michael,....always remember the Chinese proverb ''Better to buy Bitcoin at 23k and hope for the best,.than waste it on a big wedding and prepare for the worst''.
    3
  36410. 😆😂🤣
    3
  36411. Congrats Michael!
    3
  36412. Hi Michael. I have been watching your videos for a while and a subscriber for about the last two months. I loved this video and have enjoyed your trip videos so far. It was nice to meet your parents. I started watching because of plans to move to Florida at some point. Anyway please keep doing what you are doing. I am enjoying your trip as well. And when you get back to Florida I will continue watching to gain additional information. Take care and safe travels. Rick
    3
  36413. Apa-latch-a-cola 😁
    3
  36414.  @MichaelBordenaro  I always look for the positive even during times like this! 😁
    3
  36415. Yes, please keep showing the crazy sales prices and taxes! Fascinating to see! Thx!
    3
  36416. You are so smart and wise for your years Michael. I moved when I was 33 years old, and I was dumber than a bag of hammers as far as life. Moving to Florida was a great thing for me, but I definitely made mistakes. I was a mess back in Rochester, and as I recently said on another one of your posts, I blossomed in Florida, reinvented myself, and within a couple of years of moving here owned a restaurant in Boca and then after selling that, owned another much more popular in downtown Delray Beach. I didn't get rich, but between me and my significant other, we had a beautiful 1930 Spanish House downtown, which we put an elaborate pool and waterfall in the backyard with lush landscaping. I had never had anything like this nor any expectations of it and I have to say I was close to ecstatic at my new life. I would tell people about it, excited about it, including my employees, and I could cringe now because what I was doing probably looked like I was bragging , to people that had much less, and I'm always sorry I did that. My only excuse is, again, I had never experienced the life like this and I was excited. Age and highs and lows and misfortunes have taught me to be a little bit quieter about stuff like that and more humble. You live and learn. Also, take nothing for granted. Though I was sick as a child with polio and other things, when I moved to Florida I changed my entire look by working out Etc and became a different person. I guess I thought that would last forever. It didn't, and I live in chronic pain with many limitations unfortunately. Again, take nothing for granted. But I persevere and continue to try. It ain't easy.
    3
  36417. We now have to shop when the store first opens to get every thing on the list. 6:am for us.
    3
  36418. Where I live my mortgage payment is $1400 vs renting $1900 > $2200 , absolutely it doesn't make sense to rent
    3
  36419. Do your clients ask about annual appreciation rate and DOM analysis in specific area before buying ? And what's your take on buying all cash vs mortgage?
    3
  36420.  @MichaelBordenaro  thank you for your reply, subbed
    3
  36421. Was there in January, it was perfect. Had to fly back to sleet in Indiana.
    3
  36422. Very good, Michael. Thank you! - California Kid.
    3
  36423. Still in CA, huh? You must really like it!
    3
  36424. I've been looking for lots in Hernando Co. (used to live there and relatives have for over 30 years). Knew about sinkholes but didn't know how prevalent they were. Looking on the property appraiser's web site I see adjacent properties flagged as "Stabilization Permit Approved" or "Unrepaired Sinkhole". Is this a red flag for purchasing a nearby property? Or is it more to the individual property? Any way to have it tested before purchasing and building?
    3
  36425. Love your videos on real estate.. but when you start telling us your viewers what CNN is talking about. Well my friend, you arent exactly getting quality source material lol. Im independent so I dont trust any politician or media outlet. Good luck with that new party though.
    3
  36426. Best show I've seen in awhile!
    3
  36427. Hahahaha I’ve been buying art and sports cards over the last 3 years.
    3
  36428. Buy now and refinance later if rates come down
    3
  36429. I know its superficial but its strange seeing you without the Gavin Newsome hair grease. My brother bought in Panama City a couple years ago. Mom doesn’t care for that area but he likes his job up that way
    3
  36430. 👍👍
    3
  36431.  @MichaelBordenaro  Michael, I believe that you can provide a great service and good information to the public and other professionals through your channel. I just disagree that calling something a lie, when even you acknowledge that it is not a lie, is misleading. I do not have a you tube channel and likely never will, so I am not up to speed on what the best way is to title a topic. I just think there was likely a better way to get your points across instead of basically bashing Realtors for discussing your content that you label a lie when it isn't. I am sure there are some agents out there that will pressure and mislead people, and even tell them lies. I just don't think the examples you made do that. Most Realtors that I know provide a great and necessary service and they will discuss all the options available to their clients and then let their clients make their own decisions. I do look forward to seeing more of your information on furure posts.
    3
  36432. Happy birthday 🎈 love you videos! Really good advice on this one.
    3
  36433. saw one dorm-type rental arrangement in L.A. awhile ago.........not alot of privacy. I think they were renting for about $1K per month. the space pods are from Asia, used in capsule hotels.
    3
  36434. And with DATA so readily available to all. . .Who is going to pay you 300% more than what you paid 2 years ago?
    3
  36435. Government/taxes/homelessness were some of my biggest concerns coming from Oklahoma. My time in California was an eye opener. 7
    3
  36436. Thank you
    3
  36437. My hoa was $264 4 years ago now $500 also special assistant $1750 for roof repair
    3
  36438. Thank you Michael for your response. I lived in Ft Lauderdale, Tamarac to be exact. I plan on moving back as soon as This Virus is less contagious.
    3
  36439. I am definitely a big fan of yours. Wish I could meet you. If you ever come back on Facebook, you can friend me if you like.
    3
  36440. This is the best video you've ever made.
    3
  36441. Jack forgot to let Mike take a hit. Cool collab guys.
    3
  36442. man this walk brings back memories.
    3
  36443. Point number 7 is the only thing that has always made me reluctant to move there for many years.
    3
  36444. Everyone is going to Temu because we broke 😂
    3
  36445. Great video as usual Michael. Just one thing you should know. It used to be, as you say, that mosquitoes were rare in Southern California, but three years ago we got a new species called Aedes, or as is known here, the ankle biting mosquito. I think this may be like your 'no seeums' because these little suckers are so tiny you usually cannot see them but you sure as hell can feel them! Tiny black things. They bite all day long and our lower regions - usually lower - are covered in itchy bites. They are outside and inside our houses. They are a tropical species supposedly (official version) brought here by imported bamboo.....if you can actually believe that!... and Vector Control in North OC told me that the spray to kill other mosquitoes here will not kill the Aedes. However, they will not be spraying for them until someone dies!! That is the mentality of the 'powers that be' over here. My point is that even this advantage of CA over FL has gone. See you all in FL in the New Year! Keep the great videos coming Michael. Thanks.
    3
  36446.  @MichaelBordenaro  I'm thinking not so much bamboo or counter tops...more accidentally on purpose (if you know what I mean) because the Vector Control guy told me that they also now have them in Las Vegas and AZ. I asked him how on earth a tropical mosquito got to the desert and his answer was the same...bamboo plants.....A lot of BS if you ask me. One of my negatives for not going to FL in the past was because of mosquitoes as they just LOVE me...but now as you say CA and FL are now even on that score and probably the desert in the future. The Vector guy told me that Californians do not realise that their whole way of life will change because of Aedes as they become more numerous. I had him out to check the area last year so we talked face to face. At least FL has had years of experience with insect control.....so I'll give FL this one, lol.
    3
  36447. I'll be there Friday. I'm stoked
    3
  36448. 😷😷😷😷😷😷😷😷👍 They don't know how to drive and we new yorkers way a mass
    3
  36449. 2007-2008 was peak in price (expensive). Now the price of a same house, the value is more than double. Therefore, if you can afford the payment and your job is secure. You do not to worry about it and buy a house that you can afford and like it.
    3
  36450. All ready Bourbon. Beer, batteries, water, gas. Stay loaded and it will pass.
    3
  36451. What is the situation with working in the technology industry in Florida?
    3
  36452.  @MichaelBordenaro  Thank You ;).
    3
  36453. LOL the moral of the story is you have to watch out for the predator like this...😂🤣 I love watching you talking about everything!
    3
  36454. Good video
    3
  36455. ...great info as usual. I'm sure your next vid will mention the halt of redemptions for Blackstone, Starlight capital REITS as they hit their max. with everyone trying to squeeze out the exit...should be interesting.
    3
  36456.  @MichaelBordenaro  Thank you, Michael, for your response. It's just me. I'm a musician (piano and piano teacher), so my budget is a bit tight. I have to consider gigging opportunities, so I do think South Florida would be the place to be. But there were way more gigs in the 80s and 90s than there are now. Since you're a part time musician, maybe you have a few insights. Thanks for your videos; they're well done.
    3
  36457.  @MichaelBordenaro  oh yeah u right. Those areas kind of sketchy. Definitely wouldn't live there either. I'm moving back hopefully end of year somewhere in WPB. Live in NYC now. I lived in Miami(Kendall) also but I can't move back there too dam expensive to buy house for single person so is Ft. Lauderdale. I don't want deal with the crowds anymore either. Those areas are dope if ur well off but Miami is just not big enough for the growing population. ATL GA and Orlando has the same problem. Just watching to get other people's insight. I see south FL. hasn't changed much since I left. Dope video though. Thanks.
    3
  36458. Hawaii has Man O War jelly fish
    3
  36459. My brother is about to close on a brand new never lived in house $455k at 5.5% in Victorville California. 1900sqf. 4 bed 3 bath.
    3
  36460. Michael, what do you think of the North Port area? I’ve been looking at it for a while as a potential place for investment property. Taking a mortgage and don’t have that much money. The area has seen crazy appreciation, but I don’t see any industry there and it’s all septic/sewer. What do you think?
    3
  36461.  @MichaelBordenaro  Amazing. Exactly what I thought. Thanks so much, Michael for replying! I can't find a property that cashflows now in that area... The ratio of purchase price and rental price is not good
    3
  36462. We are looking to buy a house single family my kids and me.tired of paying rent in Miami we moved from DC and I got stuck living here.. We want to get out.. Thanks for your information
    3
  36463. 14:05 Because they are broke.. Simple as That. This is why Banks don't want to lend. Too many risky borrowers.
    3
  36464. I can't take standard ceiling height anymore,,,,10 foot or vaulted for me
    3
  36465. Buying a condo makes absolutely no sense to me. Paying an enormous price for a space and the bills, and then having HOA fees higher than a rent payment. Seriously, why not just rent an apartment? Basically, it is the same quality of living. The only advantage I can see is that when you move, you might have some equity. However, that isn't a guarantee.
    3
  36466. What are some decent affordable neighborhoods in Miami-Dade county?
    3
  36467. I liked this too, as nice as the walking tour videos. Hopefully you’ll do more of these of every neighborhood in Miami, of course with a dash cam.
    3
  36468. I was there at the night of the fire, they did not provide another hotel. It were a lot of hotel guests staying on the street for the night. I remeber there being a large group of girl who were outside in their pyjamas, no way of getting to their suitcase to get something warmer etc. Also when the fire alarm went off, it was completely dark, no emergency exit signs or emergency lights...
    3
  36469. I love this video, Michael! I really appreciate you taking us on your walk today! 😊
    3
  36470. I am sitting on my 20% down waiting for the opportunity to buy my first house. I do not care about the rate right now, special offers, rate buy downs or anything else the industry is trying to pull. I want to see meaningful price drops that I can take advantage of.
    3
  36471. I had to sell my one of my houses last month. Lucky I have a backup house to move into.
    3
  36472. Extra money isn't going on those paying it. How many new illegal alien residents do you have?
    3
  36473. 60% of Americans work for small businesses and 41% of them couldn't pay the rent last month layoffs are coming and the majority of people are living paycheck-to-paycheck with no savings
    3
  36474. Happy Friday Michael 😎🤙
    3
  36475. Another great video! Could you include the date, time, and temperature at the start of your videos?
    3
  36476. You were discussing the home market storms ahead in a rain storm…poetic truth
    3
  36477. U Now Have A NEW Subscriber...ME and a LIKE and this Comment. I like your information, hence me subscribing to your channel. I am a buyer on the fence and will wait till 2023 in HOPES that home prices will come down to a more NORMAL, fair price. Cheers & be well !!
    3
  36478.  @MichaelBordenaro  I went twice to North Beach in June of 2019 with a friend and it was really fun.
    3
  36479. Thank God we own our home outright, would hate to be a renter.
    3
  36480. Problem is inventory is still low and prices still are up 45% from the prepandemic levels. You also have more buyers waiting to buy than people willing to sell. Many sellers are pulling out of the market and have the highest level of equity in their homes with no pressure to sell. Not seeing a real "buyers market" until something big hits.
    3
  36481. Hey Michael ... I agree with you but investors are after the $200K-400K affordable homes. What measures should be in place to prevent investors from swooping down and gobbling them up once builders start building them with tax incentives?
    3
  36482. Siesta key sunsets are breathtaking
    3
  36483. The problem is 20% equity stake can take a long time because in the beginning years of the mortgage your payments mostly go to the interest not the principal.
    3
  36484. I don’t even care about the housing market but for some reason I like to watch your videos.
    3
  36485. Another good video Michael, speaking of walking tours, you need to bring them back, they were my favorite.
    3
  36486. There aren't that many houses on the market where i live in the midwest. Seems very quiet. Maybe the weather (cool/crappy).
    3
  36487.  @willt.8645  oh, okay. I totally wasn’t following the connection. When I first moved to Las Vegas, I stayed at an air B &B the first year. It was $600 a month. It was just like renting an extra room in someone’s house.
    3
  36488. The Fla. Panhandle gets more than it's share of Hurricanes & TStorms. Besides that, it looks like a beautiful area...Also, Red Tide is another thing to consider. I'm sure tourists & Spring Breakers are here a lot, but that is most of Florida. So far, Palm Coast & The Panhandle are my Favs. Too bad St. Augustine is so expensive now. I liked Satellite Beach a lot also.
    3
  36489. Where I live we basically have little traffic but the only downside I have to travel 1 hour to go shopping at Sam's club, mall, hospital, hardware store etc.. The peacefulness is great! I wouldn't mind traveling up to 20 min to amenities but an hour is way to long of a drive one way. That is 2 hours out of my day just driving.
    3
  36490.  @MichaelBordenaro  Yes I definitely do!
    3
  36491. CONGRATS, MIKE, ON THE 100K!! Very exciting! BRAVO! YOU DID IT! Now, with that being said, PLEASE promise Lissi that you’re not going to turn into an Internet Jerk-Snob!!!!!
    3
  36492. please discuss the different housing/condo options in the future!! Thanks..
    3
  36493. What would you recommend for a single woman (and her dog) who is considering moving to Miami (or Fort Lauderdale)? Would you ask your girlfriend and female friends what they think?
    3
  36494.  @MichaelBordenaro  thank you so much for replying so soon! Here is an outline of my situation: I want to pay off my Jeep first and have at least $10,000.00 saved before moving. I work with the municipal office of the town I live in Colorado. So, I want to earn more experience and get more certifications in order to get a similar job down there. I’m originally from Bogotá, Colombia and I want to be closer to home. I miss living in an more cultural diverse city. I think I can adapt easily since I have lived in very hot and humid cities before. If I could adapt to the cold, not knowing anyone in the USA 🇺🇸 and barely speaking English, I know I can do this. Thank you so much for the advice and I will check your friend’s channel.
    3
  36495. I saw led zeppelin for 25 bucks back in the day and went to the movie theaters and watched song remains the same movie many times it was like a concert but unlike Madison Square garden you had front row seats
    3
  36496. great video! like the long hair :) and are there more sharks on the East Coast?
    3
  36497. Unions are rare in Florida which effects both the union and non union sectors. So be prepared to make a fraction of what did, unless you can land something making the same salary. That would be hitting the jackpot so go for it.
    3
  36498. 👋 oi MB well said. I loved the video showing Brazilian restaurants Fogo 🔥 de Chao and Texas do Brazil 🇧🇷 yeah I will be Floridian on December thx 😊
    3
  36499. All of those high crime/shoplifting areas are ALL controlled by Liberal Democratic Mayors/Governors who believe that Capitalism and work/rewards, is bad, and want to destroy our economic system and institute Socialism, which taxes people in to oblivion!
    3
  36500. Great video Michael. You hit it out of the park with this neighborhood walk. Loved looking at all the different styles of homes. The lush landscaping was to die for. Who knew that there were quiet little neighborhoods in Miami like this. Thank you for the tour.
    3
  36501. Great video Michael, as for a crash/correction that is what I would like to see. The average 40% increase is crazy and we are starting to see some pullback. Hopefully we can get back to normal levels, and as more people are forced back to the office it should help bring housing costs down. As for debt you are spot on, I believe I read that credit card debt is around 900 billion dollars and rising as people try to maintain their lifestyle in this recession
    3
  36502. This reminds me of when i lived in Chicago. These prices get the way they do in places where this should not be. Crazy Russia Ukraine War has thrown everything into a disaster in so many ways as well. "if you can end the friggin War end the friggin War." not saying that's possible but anything having to do with real estate always and everywhere intersects with public policy sooo if you get the Government work wrong too can lead to an epic fail absolutely.
    3
  36503. Michael : 😮💦💨🌧☔️🌬......Frank : 😎👀👁🗻🌋🌫......LOL.....50% if seller's are lucky......
    3
  36504. The gov. will only be able to hold high interest for a short time because they too will have to pay the interest on the national debt that we can't afford. Inflation is with us to stay.
    3
  36505. yup I agree.
    3
  36506. Wonderful heartfelt story, trust me I can relate!
    3
  36507. Michael and Lisi, Good Luck in your new home!....Here's some "food for thought", interest rates are at 5000 year lows and R/e ,in general, is at all-time-highs ! The FED is signaling a rise in % at least 4 inc ( abt 1 %)...Here's what I would do , Pay cash for the home , now the property is "seasoned" , now take out a loan on the "full" market vale on the Home ....You will have very little skin in the game and You have a nice Home !!! You locked in a low %..so if % go up and house prices go down ...you're basically "hedged"....Hope this helps....Godspeed.....
    3
  36508.  @MichaelBordenaro  I made the suggestion, Michael in order to monetize the "build-in" $100K equity in your new home.....Could you arrange a "bridge loan" to make-up the difference ?....Hope this helps....
    3
  36509. After the COVID-19 you are definitely should visiting St. Petersburg
    3
  36510. Love your vlogs! Very cool walking rants and info. :)
    3
  36511. Great video, very helpful! Have you been to Fort Myers? Is it good place to live?
    3
  36512. I can’t believe the picks of South Beach. I am with you! I hate the crowds as well and I think the way people act on spring break is disgusting.
    3
  36513. If mobile home parks or trailer parks are no longer affordable then where do the people go???? They are synonymous with poverty for poor whites..... "redneck jungles"..... where do the poor whites go????? America is NOT great anymore..... The U.S government is so corrupted and busy at war with the world that it FORGETS to promote for the general welfare of its people......... this government is not working right....it has its priorities in the wrong place....
    3
  36514. Ms Joan Gill Blank wrote the book, Key Biscayne. A wonderful read.
    3
  36515. What is the dating scene like in Miami? A new video idea 😍
    3
  36516.  @MichaelBordenaro  thanks! Any new walking tours in SoBe? 😀
    3
  36517. Not to get confused with Hotel Deauville (hostel and boutique hotel) in Fort Lauderdale. Two different properties.
    3
  36518. Albert Edwards use "US LEADING INDICATORS" very good indicator, his only mistake is to say that inflation comes from companies when it comes from civil servants of town halls, states, the Federal (increase in taxes disproportionate to wage increases).... Greedflation!
    3
  36519. Beautiful background. Almost looks fake :)
    3
  36520. Waiting for market to crash to call you for real estate
    3
  36521. Michael got his shirt back!
    3
  36522. Same Price but buying instead.. Nicely done!!
    3
  36523. Worst time to buy when rates are up and house price is also up. Luckily, I bought in June 2021 when there was a constant 20+ buyers offering for one house and the highest bidder over $30k of the asking price is usually the winner. I resort to building new construction because it was stupid to over pay a seller over $30k or more especially in cash if the appraisal comes back lower. Bought in June 2021 with an interest of 3.1% 30 year locked and moves into new home 5 months later in Dec 2021. Currently four months now and my house is appraised with a $20k in equity already. Best decision I have ever made. Not sure if this is a good time because the ship have already left IMO. However, if you need a home and not a want, buying anytime is a good time IMHO. Good Luck!
    3
  36524. I attest to what you are saying about having a strong dollar. I live overseas and see the difference between currencies.
    3
  36525. But Michael, the moment you buy a house all your pockets ahem problems magically disappear dontchaknow? It's true people who buy their own house walk around like they own the world with their noses stuck way up in the air because they do own the world and all their problems disappeared! Better buy yours today! Better yet, buy 2 or 3!
    3
  36526. I own 3 of my 5 cars and don't expect to finance another car. Maybe a lease for the business but no more personal payments for us. ❤❤
    3
  36527. With this bubble fake prices they can keep it all , no problem
    3
  36528. Why buy if you can rent for less?!
    3
  36529. Thanks so much for posting. I am moving to Bonita Springs in early 2022. You had to have been experiencing red tide. I'll be 10 miles from the beach so hopefully it won't affect me at home. You were lucky to find that free parking spot. Those public access lots usually have less than 10 spots. I think parking elsewhere at the beach runs $2 an hour.
    3
  36530. Lol! I drive an F250 and people always ask me why does a girl need such a big car...this is why. 😆 when we get a bad hurricane like Irma, diesel is always available VS gas goes out and crazy lines before the storm.
    3
  36531.  @MichaelBordenaro  We were supposed to move in June so I'm ready lol (:
    3
  36532. So let me understand something. Social will be wiped out in the yrs to come you say? I've been wondering how we still got gas since the shortage in the 70's? So let me know when Social is broke. Hahaha
    3
  36533. so, i flew from ny to fla to drive back a caddy for my daddy 40 yrs ago. while there i drove the beach, no fee, don't remember the parking, and the caddy never got stuck! since then been back to fla many times, always love fla. thx for the memory michael!
    3
  36534. Your right because history will repeat itself..
    3
  36535. Hi Michael, can you do a video of entrepreneurship in Florida? I’m very interested in moving to Florida and starting a blue collar business.
    3
  36536. So excited finally u r doing it... 👍....do a tour of palm beach nd some beaches tours if u can ...thanks again Michael..good luck 👍😀
    3
  36537. Good stuff Michael. You are a great role model and father figure. Thank you and keep it up!
    3
  36538. Wow this is great. i love this part of Florida. its really got my attention. i know this is a big thing to ask with you while you are traveling and everything but do you know what the housing price's are going for in this area ? is it as bad as other parts of Florida that you have shown in other video's such as St. Augustine
    3
  36539. ❤
    3
  36540. Inventory along with interest rates and insurance are still side bar issues when compared to the crazy pricing of homes. Most can’t buy the same home they’re currently living in. The market is so screwed up.
    3
  36541. NO NO NO, people are not financially smart to invest wisely, it is a SCAM to get rid of Social Security, this actually already happened when they started replacing Pension plans with 401Ks, in the late 90s and early 2000. Now I have a 401K, but I also have a classic Pension Plan from GE (young people don't get to have that), and I will get Social Security, between the three of them, I will have a good retirement. I'm not against 401K or Roth IRA, but that needs to be as an addition, Pensions need to be brought back, and Social security needs to be preserved.
    3
  36542. I love St. Augustine! I would love to live there! But, I’m in Orlando and I can honestly say…it’s home. My mortgage is super cheap and after being here for 23 years; I could always visit St. Augustine to get my fix 😆
    3
  36543. If rates go down demand will rise, thus prices will go up.
    3
  36544. I don't think we have to stop at Victorian houses to see that much of the current inventory needs siginficant work.
    3
  36545. I just discovered your channel last week. I've already watched 25 videos. Great work, great content!!!
    3
  36546. Working on those tan lines 😂
    3
  36547. Great video man
    3
  36548. Man, don't listen to the ad haters. If they don't like your ad, they can double tap on the screen a few times and skip it. As long as the creators I listen to put some thought into the advertisers, so what. This week I pulled the trigger on a YouTubers promotion for VPN because I actually needed it for totally legal reasons. I was happy to support him and get a really good deal on VPN access.
    3
  36549. John Wayne made a war time movie (They Were Expandable) in 1940s on Key Biscayne. The movie was about the invasion of the Philippines. Back then the population was small no buildings and the beaches was lined with coconut palm trees.
    3
  36550. Macy's and Dillard's have good sales 50 to 60 % on high dollar items...electronics stale mate on Amazon...
    3
  36551. Why can't the entire 5 or 6% commission go to the seller's broker and they send the check to the buyer's agency? That's what we do for rentals in NJ. Just get the buyers agency commission off the ALTA. Problem solved.
    3
  36552. I bought a rv condo lot. If my trailer gets too old I’ll haul it out and get a new one. Hopefully the HOA fee won’t go insane.
    3
  36553. It's sounding like insurance might go up 30 to 40% next year because of the hurricane. I assume that means every time there's a hurricane, insurance will continue to go up 30 to 40% each year 💸🌪️💸
    3
  36554. I miss the beach so much. It's great for your soul.
    3
  36555. Sad for some people. they will probably sell their homes within 10 years and sell for less than they bought it for.
    3
  36556. You are too funny !! Venture a guess at how many asses !!?? LOL !!!
    3
  36557. I love all the research you do for your videos.
    3
  36558.  @MichaelBordenaro  Yessir!!
    3
  36559. Very nice! 👍👍👍👍
    3
  36560. Yes, and when you get old you want warmer weather for health reasons. I'm up at 9,000 ft. and the Colorado winter is brutal for trying to avoid pneumonia. So yes, south of the border we all have to go whether we want to or not.
    3
  36561. It's interesting that the higher priced houses - over 600k are selling BETTER than the lower priced houses. The rich are richer - middle class are poorer.
    3
  36562. I've heard insurance is very expensive
    3
  36563. DO NOT LISTEN TO FAKE NEWS..!!! Simple formula, if renting your home doesn't cover ALL of the EXPENSES, DO NOT BUY ,, PERIOD !!!🍷
    3
  36564. 👏🏽👏🏽👏🏽👏🏽💐💐💐💐
    3
  36565. Thanks Michael 👍
    3
  36566. How do I get in touch with you if I’m looking to purchase?
    3
  36567. Congratulations Mike.. 👍
    3
  36568. i lucked out and bought my home brand new clayton home in 2019... so happy not to pay rent anymore
    3
  36569. AGREE 100%!!!!
    3
  36570. Those views are breathtaking aren't they?
    3
  36571. Nice mike! Good to call you mike? Lol bro good video. Man so good news came thru past week ! moving end of May my man get ahead of the game. Ready to get down and get work started. Maybe things will be a bit more tame by then
    3
  36572. Soooo on the mark here! It shows with credit card abuse. A relative has filed bankruptsy 3 times....how is that ok! I am not the one for a new car, appliances, furniture, jewelry, latest fashions...etc. Material things do not make me happy. My house cost 160k in 2002....still here! I am a minimalist! Great video Michael! My credit score is over 800! Get a lot of junk mail becuz of it lololol!
    3
  36573. I watch some Colorado Youtubers and there are some really nice suburbs outside of Denver
    3
  36574. I wonder if the quality will decrease.
    3
  36575.  @MichaelBordenaro  exactly thank you so much for this wisdom I appreciate it so much 😊
    3
  36576. Debt consolidation is one of the worst things people can do because the people who have got into a lot of credit card debt in the first place are almost guaranteed to run those credit cards back up in the future once they are paid off. Another downside is you are taking short term, unsecured debt, that in a worst case scenario, you can basically walk away from and attaching it to your house, which you cannot get away from.. as long as you have the fortitude if you get into dire financial circumstances, you can tell your credit card companies to piss off and it will take years for them to do much of anything other than call you and harass you and once it is charged off after six months, you are in a much better position to negotiate that debt down to 25 cents on the dollar.
    3
  36577. Nice walking
    3
  36578. 1
    3
  36579. And yet Biden and his supporters send billions to Ukraine while tax paying Americans suffer, yeah, but no mean Tweets right?
    3
  36580. Hi Michael thanks for sharing these great tips. Please make a video about investments I would definitely tune in.
    3
  36581. Yes shoplifting is crazy in NYC. Rite aids and Walgreens closed some stores. I been in a store a homeless guy came in with a backpack and started taken stuff. Security in the store told him to leave. I asked about the stuff he took. They have a policy they can only tell them to leave. Also NYC doesn't doesn't prosecute those crimes under a certain amount. Also in Manhattan the DA might not press charges at all. Also criminals for non violent offenses are booked and release. We have no bail laws. One of the reasons crime is up in nyc.
    3
  36582. Zero inventory!! The need for illegal housing!! Out paces. USA citizens ability to purchase to purchase a house .
    3
  36583. Thank you, Michael, for very interesting video. Always love to see and hear about Florida's wildlife. I am disappointed, Michael, that you did not even mention Florida's iconic panther. The Florida Panther is on the brink of extinction, and we should support all efforts to save this gorgeous cat from extinction. I hope you will do another video about Florida's wildlife and include the Florida Panther.
    3
  36584. 🫣 what kind of meds is the Walmart delivery person on? I want to make sure I say no to those. Spot on point regarding remote work. That is if AI doesn't want the job.
    3
  36585. I will keep my 2 bd 2 bath paid off house on a large corner lot. I've remodeled, updated etc. And paid off costs. Middle of usa small town. Safer than the cities.
    3
  36586. I have been a resident since 2017 moving from MD. For the comment on bad drivers, I would say there is a lot more to it than just the traffic, for many reasons. Also what goes along with the bad drivers is VERY HIGH AUTO INSURANCE RATES. When I received my new policy quotes moving from MD (DC-area by-the-way) to FL, my insurance rates TRIPLED for the same level of coverage! I asked the insurance agent why the insane increase - since VA-DC-MD traffic and drivers where I came from was no walk in the park. She said she "wasn't sure - maybe it was the amount of old senile folks on the road." Then once I moved down here I definitely saw why. You definitely need to keep your head on a swivel down here. Turn signals are an uncommon courtesy in many areas. Tailgating is rampant. Very stupid aggressive drivers that think it is okay to drive like they are playing a Grand Theft Auto video game (until they go to jail in real life). No annual vehicle safety inspections required by FL law (which means people driving sketchy vehicles with only one headlight working, etc.). But despite my ranting on the dangerous drivers and auto insurance rates....I still LOVE IT down here. Just be careful on the road. And this applies not only to LIFE but also to driving: Treat people how you like to be treated....
    3
  36587. Perhaps they were suggesting places for the super rich to buy in. Beautiful area!! 😍
    3
  36588.  @MichaelBordenaro  yes I went directly to the channel after you mentioned it
    3
  36589. 😱 BUT BUT BUT.. 😱 ⭕️⭕️If everyone is looking for rent, the rent price should go up. If the rent price goes up, the CPI will go up. If the CPI goes up, the FED have to hike interest rate more. If the FED hikes the rate more, housing market collapses even more. If the housing market keeps collapsing, everyone goes to rent. 🤯🤯🤯🤯🤯🤯🤯
    3
  36590. Make no mistake. I agree with you 100%. However each situation is different. Where I live, my rent for an average 2br/2ba apartment, 1145 sq ft. WAS $2545 per month. Luckily I was in the position to renew my lease and not be new to the community, as a new tenants rental rate is between $4000 and $6000 per month, depending on which month you sign your lease… Because I renewed my lease, my increase went up to $2745 per month, LUCKILY. I don’t know many people who can afford $4000 to $6000 per month for RENT. I appreciate your view and content. ;)
    3
  36591. Great insight....I learned the hard way..Special.assessment destroy all.resale profits
    3
  36592. Hi Michael, I watch your show from Taiwan and look forward to moving to Floriday this year. Question: Have you heard anything about the banks not releasing your money ? Concerned that transfering money to buy a house for cash would be a problem if banks are not releasing the funds on a timely manor. Let me know , Thanks, Dean P.S. talking about U.S. Banks.
    3
  36593.  @MichaelBordenaro  Thanks Michael, Just been worried because we would be wire transfering to escrow when we do make a purchase.
    3
  36594. Your thoughts California?
    3
  36595. Livestream would be awesome!
    3
  36596.  @MichaelBordenaro  Oh thanks. I missed this one. I will watch it.
    3
  36597. I'm presuming that you made it home safely?
    3
  36598. Where in California?
    3
  36599. I already live in Fl but I want to move to the more southern part so I’m watching this video lol
    3
  36600. yes, the cruising the canal sounds good....
    3
  36601. After I saw homes in the canal from your video, I'm wondering the percent of probability to have a storm surge living along the canal in Banana/Indian River, Space Coast FL area, especially the canal homes in Satellite Beach.
    3
  36602. No. It’s not political at all. This is $2 leadership in that state. They got big problems there unfortunately.
    3
  36603.  @MichaelBordenaro  I haven’t encountered any localism there while surfing, they’ve been pretty friendly although a couple wave hogs but Sebastian has better surf and there’s some localism there
    3
  36604. Welcome to California 😊
    3
  36605. The founding fathers said this would happen if we let private banks run the show
    3
  36606.  @MichaelBordenaro  I understand why you weren't talking...walking in a wealthy neighborhood, you wanted to be respectful of the residents. I REALLY liked this video, though I like ALL of your videos!
    3
  36607. Hello young man. Please let us know your opinion of annual rental furnished vs unfurnished. Have a 2/2 furnished ocean view in Boca.
    3
  36608. Unfortunately Santa Monica, Hollywood, has all became a ghetto...
    3
  36609. Great video...Thanks
    3
  36610. You left out a major reason for avoiding moving to Florida, RED TIDE. Florida's government has completely neglected its inland waterways. It allows mass amounts of fertilizer to be dumped into Lake O and others. Florida, in 2021, has now recorded the most Manatee deaths ever. The manatees starved to death because the short grasses they normally feed on can't grow anymore in the polluted waters. Florida has cut off a major amount of water flowing into the Everglades and this in turn makes Florida inland waters DIRTY af. On your side of Florida, there is the BLUE algae, it infests waterways and local docks. I believe if you polled most people here, the beach or beach access would be the top reason to move here. When RED TIDE moves in, you can't be within 2 miles of the beach without being affected. I live on a river and some years it would reach 5 miles into my river as well. When you look at how much revenue is gained in Florida with its beaches and ALLLL of the industries the "beach" supports, RED TIDE and water pollution can dive deep into one's quality of life. Quality of life is why one moves in the first place, no?
    3
  36611. teveres florida was nice when i went but that was like in 89 sorry if i spelled teveres flroida wrong
    3
  36612. That's crazy man!! another one that is going to collapse and the worst, there's others like that!
    3
  36613. The recession is near. My friends employer Macys laid off their top management for fudging numbers. Snake 🐍 oil 🛢 has caught up with them.
    3
  36614. Its just 😮 starting.
    3
  36615. Appreciate the content!
    3
  36616. Great message for mental and physical health here I like that! Also as usual your visuals are amazing, a feast for the eyes. Yea and that’s why there are sooooo many affordable cosmetic surgery clinics in Miami, in every corner it seems, because the women there want to look hot and show off their sexy bodies in this warm weather 😄😀 Miami is the mecca of Brazilian butt lift and boob jobs for a reason 🤓
    3
  36617. American greed will be the death of her.
    3
  36618. Why are we allowing it?
    3
  36619. Taxes of 95K per year that is incredible as after ten years you are 950K in taxes or more since taxes go up annually.
    3
  36620. It will look amazing the new condos!! Sucks for the one getting ''evicted'' Hope they get a good deal if they decide to stay in the new building!
    3
  36621. I am living in Tampa for 45 years,love it.
    3
  36622. I really love your walks through neighborhoods. While I agree with you on the housing issue, I lost 50000 in the 2008 crash, I hear so many others saying “oh, we’ll be fine.” It makes me crazy.
    3
  36623. Thanks for the info. Would you say that becoming a realtor just as a second job income is a good idea?
    3
  36624. I would love to see Sunny Isles beach in Miami. Thanks! Have fun!
    3
  36625. Hi Michael, the name of where you are is actually Rancho Palos Verdes with an "s" at the end of both words. Although PV is very close to Manhattan Beach, it feels completely different. Hope you enjoyed it.
    3
  36626. So the walks are great, but your voice is very nice and calming. And I get to learn as well. Thanks.
    3
  36627. It’s on my mind constantly too. I am wondering what this will do to the waterfront condo real estate market?
    3
  36628. How much and ...are you close to beach?
    3
  36629. Not super easy turning a home into a rental. Lots of expenses. Also have to be able to make payments if tenant doesn't
    3
  36630. I live in Italy and the digital price tags are used mostly for sales. They don't do dynamic pricing anywhere here yet. But all bad things from the USA make there way here eventually...
    3
  36631. Use an umbrella Michael
    3
  36632. Thank you. I am a big fan. The Almighty bless you. 😀
    3
  36633. That white climbing flowery bush is probably Jasmine.
    3
  36634. I wonder if 1 bedroom apartments are cheap to rent in Satellite Beach?
    3
  36635.  @MichaelBordenaro  I'm going to consider looking there for an apartment. Not sure Pensacola will be warm enough in the winter for me anyway. Lol
    3
  36636. Thanks for the updated Cost of living video! You can see things have gone up a bit!
    3
  36637.  @MichaelBordenaro  Totally agree especially since we’re from up North, lol.
    3
  36638. Wrap your head around this ! Two planes are built using the exact same Engineering designed plans. By the same manufacturer at around the exact same time. Both planes are in service flying. One of the two crashes and everyone on board is killed. The FAA Comes in and Says . HOLY CRAP WE DON'T HAVE A CLUE HOW OR WHY THIS PLANE CRASHED ! With this fact We are immediately groundind the remaining flying plane because we don't know what the Hell just happened. Now play the exact same scenario in your head but instead of planes use the Surfside buildings. And instead of the FAA replace it with the local bean counting Engineer . Then regarding the not collapse building says no problems here !and whom even goes so far as to say its So Safe ( even though we don't have a clue on why its sister fell ) I would let my family stay in this building ... Wrap Your Head around This Logic ! Incredible !
    3
  36639. I am told (not sure if true), that a new A/C unit for a home starts at $14,000. ?????????????????? Yikes
    3
  36640. Dont they cover it with some anty rust coating? Also compare good old mercedes from 80s that could run on cooking oil and the crap Germans make right now - its disaster. Mercedes/Audi/BMW are now crap - 80s cars, early 90s Toyota Hilux (UN one) is still running all over the place in Africa. These were good cars.
    3
  36641. You tell it like it is’ THANKS!
    3
  36642. WHAT the government does and says, do the opposite
    3
  36643. Try living in Maryland.
    3
  36644. Hi Michael, can you refer me to any CPA's in Florida? Looking for a home run when it comes to Taxes
    3
  36645. Stay safe. Miami BeAch should not be to bad. Ugh 😣
    3
  36646.  @MichaelBordenaro  My sister who lives in Tampa loves to visit Anna Maria Island.
    3
  36647. Wow...congrats!
    3
  36648. I never realized you were from Illinois what part? I'm currently trying to escape illinois for florida
    3
  36649. we can manage!
    3
  36650. 80s in the auto industry saw the hiring of business school execs who knew nothing about autos.
    3
  36651. Not too dark. City lights and sunset are beautiful.
    3
  36652. i drive a school bus in North Carolina and a realtor. I see houses in the 200k range been sitting on the market now over 5 month, agents are starving.
    3
  36653. I have wondered for sometime now how private insurers will be viable in the future given all the risk - flooding, wildfires, tornadoes, hurricanes, rampant fraud....At what point will consumers say NO!!! We need a change!!!! When Insurance premiums are half you house payment? Equal to your house payment?
    3
  36654. I'm the same way too brother.I never wanna go to social events.All I see everyday is how vile and awful people could be,How can I trust people?
    3
  36655. You need to make this a series on tiktok Michael!!!
    3
  36656. You are lucky there was no red tide when you visited Sarasota. When I went there, there was unbearable smell of dead fish. The odor was so strong that McDonald's located on rt 41 closed down its business operation.
    3
  36657. Helocs have been selling like hot cakes in SoCal since last year and even more now. I work for a SoCal lender community you would refer to in order to keep things down low. But people are nuts they push for as much as possible HELOC as they can get knowing it’s like an addictive ATM that’s giving you a lump sum and the liability if variable interest rate and high interest rates. There will be a hurt of pain and reality check for a lot of SoCal homeowners and lenders doing biz last few years like fat hogs
    3
  36658. Glad you didn’t fall in the 🕳!! Haha can you talk about USDA home loans?
    3
  36659. ..yep. That's just a ordinary house..nothing special and they want 1.9 M. hahahaha.....there wants are a fantasy...😂😂😂😂
    3
  36660. 😂🎉
    3
  36661. Crooked inspectors getting bribes left snd right.
    3
  36662. How is it that these folks are bright enough to have the means to buy at the TOP of the market? "Emotional I.Q."?
    3
  36663. Michael you are in South Alabama when you go to PCB.
    3
  36664. That Port Richey house looks pretty interesting and that Pensicola house has some potential
    3
  36665. Congrats Mike!!
    3
  36666. 5:11. Distracted by the classic 996 (911). What is it about your walks and classic Porsches. Keep up the great work. This resonates here in Weston as well.
    3
  36667. What about Pensacola area?
    3
  36668. I wanted to live in South Beach but I couldn’t find a building with amenities.
    3
  36669. The problem is that in a lot of cases people are paying too much for inferior properties. Starter homes in $500+k range, with multiple offers. The family of five paid $875k for a small, older home that needs updating. Crazy times.
    3
  36670. I don't think a majority of people want a crash nor do they think 5% rates will create crash. What most people are sick of is the over priced craziness. Incomes can't keep up, everything has been going up around us for years and worse now. Most people over extend as it is and this market is making it worse. Just having essentially a more normal market with price points settling near 2019 prices would be HUGE at this point. Not a crash necessarily.
    3
  36671.  @MichaelBordenaro  I'm not asking this in a combative combative way, just a very frustrated buyer sitting on the SL. How in the HELL can homes go up 30% to 100% in my area and stay that way? I live on the coast in South Carolina. We are trying to upgrade into what was 700k and now is 1.2m. There are homes In the most desirable areas around here that sold for 1.25m in 2018 and are now 2.5- to 2.8m. How can those scenarios Maintain???
    3
  36672. Michael truth means more clicks, don’t change.
    3
  36673. Waiting for this video for a long time
    3
  36674. That water bill, wow. I live in Nashville, TN and my water bill(for a single person) is around 28 to 32 a month.
    3
  36675. $25,000/month, that's $35/hr to rent this lol
    3
  36676. Michael, I like my mortgage interest. 0% and paid off. I think I took a 30 year mortgage and paid it off in approximately 10 years. No credit card debt or auto loans. I don’t want to work two or three jobs. What kind of life is that? To stressful for me. As for the founders of our republic, not a democracy, our founders were not fond of central banks like the Fed. I don’t have a problem with it, I try to do what is best for my make up. If prices went up in Palm Beach County that I can’t get something decent for approximately 200k, I will stay here in Pa in my 425k home. As I told you, FL I mixed emotions now that I am well into my 70’s. I like the marine environment but I think my scuba and free dive days are gone. Stay well and catch you soon.
    3
  36677. A colleague of mine 34 years old no assets apart from little car is a n man a manager and really nice person just consolidated her debt from all her credit cards. 44k @ 13.95%! She was brave enough to ask for help. Has just been spending more than she earns. Image and what other people think got her in trouble!
    3
  36678. I need a realtor referral for Navarre, Gulf Breeze, basically the Florida Panhandle. Please give me a bit of help. I’m sure you’ve got an honest friend! Thanks!
    3
  36679. Thanks for the info..
    3
  36680. I like the sound of the clawback!! 2. Beautiful area you are walking today!❤
    3
  36681. Ha! I'm not gonna buy a new car..especially a new electric car. Buying a new car, especially if you're financing it, is probably the #1 way to waste money and have unnecessary debt. I'll keep my 2012 Tacoma - it's already 12 years old but it's doing just fine..and it's been completely paid off since I got it.
    3
  36682. Moving back to FL from Manchester UK after 20yr gap. Used to live New Port Richey near Tampa but going to Orlando this time to work again as a Crit Care RN. My wife and kids never been to FL before. Just waiting for green card now. Cant wait.
    3
  36683. Great video. About the auctions, can you go inside the properties and check them out first before you bid?
    3
  36684.  @MichaelBordenaro  Understandable. Thanks for the reply
    3
  36685. FIRST FROM UK
    3
  36686. Oi Michael, great video as always. You should try scuba diving with Lisi. There are some great spots in Florida and you are very close to Cozumel, one of the best diving destinations. Air fare from Miami to Cancun is so cheap! Get your certification and let’s dive together.
    3
  36687. I thought there was a major problem with water/beaches in florida……from algae?/
    3
  36688. Haven't been or seen a mall that crowded in many years; good to see... MIke, the inventory here in central MD around Baltimore/DC has finally risen big time this week. We had to wait until after Easter to see it I guess. For every 2 homes now listed, we have a closed sale. Haven't seen that for years. Bright MLS has ballooned in inventory this week and looks like the 'coming soons' also have skyrocketed.
    3
  36689. Ive lived in Boca going on 13 years, it has gotten very expensive and the demand is through the roof, there's a small condo complex going up on "Lake Boca" near the inlet bridge, they haven't even broke ground or have a demo model and every unit has already been bought.
    3
  36690. GEEZE Michael, Florida is a HOT MESS and DeSantis coming out saying Citizens is not solvent. Another disaster and Florida will be finished. I wouldn't touch anything there right now. Way too unpredictable. Thank You Michael and Happy Easter!
    3
  36691. 👍👍
    3
  36692. We should ban Chinese property investors just like Texas does!
    3
  36693. i just got fafsa (pell) to pay for everything and lived at home.... graduated debt free!
    3
  36694. although tbh, i only graduated from community college debt free.... my 4 year school would have been debt free but i kept failing classes, am a senior now but did have to takeout a 3k loan for my final year.... my masters is gonna put me 50k down the rabbit hole as well, life is rough but i want to go into research and applications of AI/ML which for the most part requires a Masters.... it's tough to get ahead in this generation
    3
  36695. Thank you!
    3
  36696. Great video, but the ROM for those chin up needs to be reviewed 😉
    3
  36697. Priced to high Mike😮Thank you Michael
    3
  36698. Michael, you think the NINJA loans are coming back?
    3
  36699. Where is it that you live in Miami? You have said it’s never Miami marina. Is it affordable?
    3
  36700. Great content as always. Thank you for making the process easy to understand and keeping the content realistic and relevant.
    3
  36701. Some builders brokers still touting how its not gonna go down and refusing to lower prices in case they can make 1 more sale.
    3
  36702. Check out the homes in Solano County. It’s part of the Bay Area.
    3
  36703. I also think that couple of bricks and pipes should not be equal to 30 years of slavery (mortgage). DO you guys think this will even change? Look how much value is frozen when people pay for mortgages. Its bricks and pipes damn it ! And we want to go to Mars?!!!! Lets fix stuff here, on our own planet first!
    3
  36704. Hello, are you still doing real-estate? What is the best way to contact you?
    3
  36705. So to answer your question. It was nearly 2 years ago when I stumble upon your moving to Florida video which right there and then I decided to move to Florida (from England). Made a case, showed to my wife and convinced her that Florida is our future even though none of us ever been to Florida 😅. However it was the beginning of covid and we couldn’t fly. At the beginning of this year we booked our trip to Florida, not just as vacation but also to check the area meet people, potential jobs etc. couple of days ago we just came back from the most magical trip to Florida. Tickets cost us $4,400 and the trip in total cost is $13,000 and it was the best time we have ever had as a family (and the best time of my life as a person). We were in 2 years lockdown and we just wanted out. I don’t regret spending that money at all… now I just can’t wait to do the move. Florida is indeed an absolute heaven! Amazing place and even more amazing people. Thank you Michael 🙏
    3
  36706. Dig the duel rec
    3
  36707. Another Great Video. I agree with everything you said. I just also have this gut feeling that the State of Florida, is not going to pay to rebuild the bridge to Sanibel. I feel that they are on their own when it comes to access to the island. It might just become an actual island again, and the land owners will be responsible to ship all building materials to the island if they want to rebuild.
    3
  36708. I really don't even need to see a house to know that it isn't worth 25,000/month to rent it.
    3
  36709. Michael, they definitely won't get that much with the way the yard looks. They better hope they break even.
    3
  36710. Thanks for your video. Hehehe. It is not hard for me because I traveled for 11 years with the airline. I have family in Florida and California. So, I do love the both states. I have been to Ft. Lauderdale and Miami a lot. I have been to L.A. and San Diego many times. So, those two cities are my two selection cities where I would live.
    3
  36711. Thank you. I come from United Airlines. I have family and close all around the U.S. I like Phoenix but no coastal is there like these others.
    3
  36712. Hey Michael Love the videos been following you for a year now.. Only reason we found is the Saint Augustine Videos.. Wife and I moving there at the end of the summer Sept 1..We our in Munich, Germany... Can we hire you, just for apartment for rent or condo for rent? Or lead us to a person that can... Being in Munich and Pandemic it's very Hard.. Could you let us know brother.. From. The Bun Twins..
    3
  36713. So good to see u enjoying the warm weather. I've been packing..finally moving down to Tampa end of January. It's time for me to live the Florida lifestyle again. Merry Christmas Michael and Lisi!!
    3
  36714. I used to live there, it’s a very safe neighborhood and good for the families.
    3
  36715. I’ve always watched the weather in many places in California and it seems to be in Northern California like 68 for 15 day and then it’s 80 for 2 days!
    3
  36716. It seem that the moral of this story is that there are no affordable houses in St. Augustine.
    3
  36717. Relax.... unlikely such a catastrophic collapse will happen ever again.....an earthquake is far more probable and in that case, all bets are off.
    3
  36718. I lived in Port Orange for 11 years. Great place to live!
    3
  36719. In southern VA, USA, one can buy a 5000 sqft house for $200K. Houses are sitting, unsold.
    3
  36720. Tour San Francisco? Sh*t yeah.
    3
  36721. what goes up will come down. When I got my first job in architecture in 1994, My first boss told me it's like hills and valleys and there's more valleys then there are hills.
    3
  36722. Covid fueling huge demand for Florida now.. Good video from a Ft Laud native!
    3
  36723. Thank you, Michael. You are very knowledgeable and experienced. I learn a lot from your videos, and I enjoy seeing the many areas of Miami Beach. I am now a big fan.
    3
  36724. Michael do you think there could be another rent moratorium?
    3
  36725. Great video!! I liked the area but want to compare to other panhandle towns like Destin I hear a lot about 😊
    3
  36726.  @MichaelBordenaro  very true. Always those extra costs that get you
    3
  36727. You indirectly lay out a scenario for how the bubble might burst. It starts with sellers choosing not to sell for the reasons you mentioned, and hanging on too long, but inventory catches up with the buyer demand over the next 2 to 3 years with new construction coming online as the supply chain eases. Once builders have built enough to accommodate all the buyer demand, the endless demand dries up and builders need to start to offer incentives again. Sellers realize they better list their house asap and can rent for a couple years while prices drop, this causes more and more people to list, aka a "rush for the exits", and so prices drop more and more, as there are now not enough buyers left to absorb all these new sellers who suddenly want to all start selling at the same time.
    3
  36728. The dollar is a game! The sooner people come to the reality they will loose this game, the better off they will be. Keep stacking real assets GOLD AND SILVER CAN NOT BE PRINTED!!! always take delivery. No 3rd parties
    3
  36729. Awesome info!
    3
  36730. On your way to 200k...lfg❤
    3
  36731. Where are these people getting all the money to buy? We buy ugly houses also is Scam! Greed greed and greed!
    3
  36732. We live in Ocala, Florida and I firmly believe we were saved by the hand of God. Hurricane Ian whizzed past our heads by inches in our sleep without a scratch. The Ocala Nation Forest created a wind shadow preventing us from feeling the full impact of the storm as it made its way north up the east coast. There is a ton of good paying work in Southwestern Florida starting this morning, if anyone is looking. A lot of the jobs are FEMA, but they pay good for remediation work. I think the need to house these recent victims of Hurricane Ian will increase local demand for homes and rentals
    3
  36733. 🔥1,000🔥 Congrats 👏
    3
  36734. Love this video, Michael. You are always so honest. Some of your comments made me laugh…”ghetto crowd”, “Great Whites scare the shot out of me.” Love it! We can always count on you for honesty. I will tske Florida beaches over California beaches (that includes going into the ocean) any day! They are prettier, have whiter, softer sand, and warmer, clearer water. That being said, the California coast is still very beautiful and the air is a lot cooler, which I am grateful for! Glad you are taking us on this journey with you and Lisi. Seems like big changes/adventures lie ahead for you both. I could see you living elsewhere in Florida, to buy a house, and then coming out this way for several months, during Florida’s hotter months. Glad you both are having fun here in California!
    3
  36735. You are so right. Squatters are thieves pure and simple. They deserve to be kicked out quickly and harshly.
    3
  36736. It would great great thing if u use dash cam ....I really appreciate ur hard work Michael it is one of my favourite tour channel...keep up ...and please do drive tour of Miami beach if u can that will be great☺️☺️✌️ thank you ...👍
    3
  36737. Hello Michael greetings from surf side lol 🤣 great video again
    3
  36738. Please do vids on PCB and Destin! Y'all would love the Garden of Eden Trail in Bristol- if you happen to pass through.
    3
  36739. I assumed you meant this summer since everyone takes vacations in the summer so I was surprised to see you already made it to St Augustine and I’ve only been to Fernandina beach once so I’m curious what you’ll say about it. Not much surfing there as far as consistent waves bigger than waist high so I don’t go there much but it’s a popular tourist spot. I gave a jump start to a European couple on holiday when I was there
    3
  36740. 10 days? Would that amount of work have saved the people that died in that other collapse? Maybe this one's not as bad.
    3
  36741. I have zero faith in our government, the stock market, and even the housing market (unless you’re cash only landlord and can handle any market fluctuations). Years ago I’ve accepted the fact life is temporary and retirement means being financially secure to do what you’re called to do or love to do. As long as my mind is sound, I don’t plan on ending my working years. If I die eating eating dog food and living on the streets at an old age, so be it. Hopefully I’ll have good enough relationships with my children and grand children to avoid that and be successful enough to leave them an inheritance.
    3
  36742. What an interesting city and beautiful beach, but I heard there are some types of woods that are strong enough to be used as a house structure in such areas. Though I will not buy a primary house there if it is made out of wood. I appreciate the non-biased and fact-based reviews of your Florida Vlog videos.
    3
  36743. You are my favorite YouTuber’s! Thank you guy’s for speaking the truth.
    3
  36744. That is the most ridiculous price I have seen, I would not even pay 900K for that house. I agree with Michael, read the signs of your own real estate market, be smart, do not lesson to everything in the news, do your own research, keep your eyes on pricing, interest, corrections, etc. Are you aware as per Census Bureau that Florida lost 33.000 people between January and June? If so many people are coming in, why is a general decrease of 33K people. Confidence, I am actually myself surprise that this came out as well. I have been at Costco and malls, I see people are buying much less products then a few months back, if confidence is up why is that happening? Just a comment!
    3
  36745. Yep. Got mine and made my choice. My insurance agent called me, to give me the heads up, before I got my letter.
    3
  36746. The Fed has no option now but to raise interest rates and by quite a bit in order to fight inflation which is their number one responsibility second to employment. All the money printing has put the US economy on the worst path since 1929. We are headed for a depression. Assets are overvalued more than ever before in history.
    3
  36747. I would say all the above and more
    3
  36748. Mother Nature, everyone has to pick a point and deal with it. I used to live in CA, I was in the San Francisco 1989 Earthquake. Then I used to live in Carmel by the Sea, there was big fire in Carmel Valley. Now we live in Maui. Hawaii has hurricane, however, Maui was okay because it blocked from hurricane by the other islands. We do get hit with severe flash floods. My brother is going to move to Sarasota from Colorado. He can’t stand the fire. Although, Sarasota seems less hurricane hits, but i’m still worrying for him.
    3
  36749. Michael, I enjoy your channel. As for the mold, marine stores like West Marine sell items that collect excess moisture. Some come in a can, some in a bag that you can hang. Cost is around $10. I use them on my boat and they seem to help.
    3
  36750. I've always wanted to experience high rise living along the beach, but now, those dreams are dashed. Not sure if they will come back. I live in a 4 floor building, on the top floor, and I'm still feeling uncomfortable. Plus, I know not to live in a high rise with the parking garage below it. That would mean the rest of the building is being supported by those beams in the garage. I'm also thinking about high rise hotels, and even office buildings. I travel a lot and I always ask for a room on the top floor. After seeing what happened in Miami, not sure if I want to be on the bottom floor or the top. Just lots on my mind right now since this tragedy is so fresh in my mind. Maybe those thoughts will decrease in time. One thing I know for sure, if I have no choice but to live in one, I will do all I can to get access to maintenance/engineering reports on the building first. I'm not sure if renters have access to that information. Does anyone know?
    3
  36751.  @MichaelBordenaro  Awesome! I look forward to seeing that video.
    3
  36752. If we have not started the moving buisness but want to move do you think that would be possible, we haven’t started the process at all and we just want to get in before summer break ends in maybe 4 to 5 months
    3
  36753. Great video. I'm a big fan of Reventure consulting's channel.
    3
  36754. Wow Michael I can so relate to you. I am the only child and have been alone a lot also. I really enjoy being alone sometimes also.
    3
  36755. Residents need to really review how these excessive HOA maintenance/condo fees are being managed. I was paying 870 per month condo fee in a high rise ..and it’s the main reason I moved out. (It kept going up every 3 months or so). Not to mention special assessments for “projects” that should have been covered already.. that were usually between $1500 -$2000 per condo. I think everyone who is in a high rise in that area probably feels a sense of doom that a “special assessment” is likely in the near future. On my last day while moving out, I was charged an $800 “dock fee” just to back up the moving truck to the rear exit of the building. Where is all that money going? Never again.
    3
  36756. So jealous of you man, you are living the life. it's still chilling here in MD. Now that Covid 19 is almost everywhere and we feel like you are being locked up physically and mentally. Missed my first spring break this year. Life looks good in Fl. for me, the beaches and the quality of life
    3
  36757. I can see still lot buyers want to get into the game of owning a home
    3
  36758. 11:30 if you can’t pay your mortgage, you can do a loan modification for a cheaper payment. Mortgage companies will work with you better than a landlord would. As soon as you say your struggling, the landlord is getting the eviction paperwork ready. When I pay my mortgage, there’s a link offering help if your struggling. Home Owners get better tax returns than Renters. In some cases $5000+ more. Car insurance is cheaper for homeowners. There’s your savings right there if you didn’t have one.
    3
  36759. I will be very curious to see if ANY affordable condos are built for the average person in the Miami Beach area. Sad that it is becoming so unaffordable. Here's to hoping though!
    3
  36760. Great comment! Common sense and accountability- rare attributes in today’s state of expectations. The world owes us nothing.
    3
  36761. Coin base pro does not charge such a high fees as the regular coin base. You can connect the two and ad transfer your bitcoin, to lower your fees.
    3
  36762. My HOA is $50 a month so far.
    3
  36763. Michael, Excellent analysis! You do a wonderful job of explaining things. Only question, I don’t know if our fiat money supply has any part for inflation? History says it does. Back in the 1980’s I paid 89.9 for my house and now it is 425/m or a bit less. So let’s take 90,000 and compare it to 410/m as far as purchasing power. I think in 1982 90/m would of purchased what 410/m does today. This is undocumented of course but I would footnote that statement with supporting documents and share with you. I don’t think gold is a decent hedge against inflation. Could be wrong about that to. Thank you Michael. Nice job with your videos.
    3
  36764.  @MichaelBordenaro  If you want to do a video on currency debasement that would be great. I could help if you want. I have a doctorate in economics from UC Berkeley 1971 as I mentioned, and I honour your self education as doctorate of common sense. People don’t realize how valuable self education is. Op-Ed that is my opinion. The street is the best teacher and your presentations are interesting and your informal and gentle demeanor adds to it.
    3
  36765. Have you checked/replaced the seals on the car? It could be allowing high levels of moisture from the humidity to seep in.
    3
  36766. Michael Bordenaro would you say it’s worth having ? I’m looking into buying one now for street racing
    3
  36767.  @MichaelBordenaro  obviously you're aware you're the one making the video and you're the one that owns the car I said for those who aren't aware for those who are watching the video
    3
  36768. Nice but I prefer the interior of the 93-96. I have a 96 Z28 6 speed convertible, leather, all black, still under 70k original miles. I will never sell it!
    3
  36769. Michael, what you explained at the 8 minute mark seems to explain the Biden administration plan completely. Destroying the US as we used to know it. Better pray the midterms make a huge change
    3
  36770. @Michael Bordenaro  I sure hope things get straight for everyone. We just bought new construction in the southern end of Tampa because we were losing one bid after another to cash customers. Is what it is in this current situation I guess. We have a 4 to 7 month wait now but at least we have a place to move to now. The bidding process and hoping the house is sound being out of state was so stressful and not being there to see for ourselves was killing us
    3
  36771. For decades the Insurance Companies keep milking the home owners, then a hurricane hit and raise the fees to everybody. Smells fishy.
    3
  36772. I grew up surfing in Santa Cruz, CA. I hate the cold so much. My favorite place I ever lived was Honolulu, HI. Spent 6 weeks in Costa Rica on a surf trip with my buddies and almost didn't get back on the plane to go home. I'm now entering the software developer profession and I'm heavily thinking about florida... But I'm a big outdoors guy. Are the mosquitoes going to descend on me every time I go for a hike, job, bike ride, etc? I have sensitive skin that hates any chemicals being put on it. My doctor told me a humid temperate climate would be best for my skin condition. I would never move to Florida without moving to the beach. Thinking about Dunedin/Tampa are because of what I read. Spent 2 weeks in Florida surfing as a teenager, but I am sure a lot has changed in 20 years.
    3
  36773.  @MichaelBordenaro  Great advice. Maybe I will try one of your 4 go to restaurants while I'm there my friend! I enjoy the guitar myself, and I'm not going to lie. Your mesa boogie set up has me jealous AF!
    3
  36774. Once again, very interesting and useful information that is delivered in easy to follow format.
    3
  36775. Wow! My girlfriend wants to ideally find something g to buy for $625,000.00 or less. Not sure that is even possible now. (I know we are talking about rent, but rent AND home sales are so high in Florida now…especially in Miami!
    3
  36776. Our REALTOR showed us many places that we just simply didn’t like. That may seem like a waste of time for the REALTOR
    3
  36777. Diddley squat ! So glad I discovered your channel ! : )
    3
  36778. but the surge of eviction is just going to throw more rentals into a already slow market which is going to make rent cheaper, which is already showing, people do not want to pay a lot for rent and if they are going to, the place have to look good at least, is getting harder for owners to rent, at those crazy prices, everybody has to face reality, even owners, they will not be able to rent it fast and for a crazy price, sorry those days are over, and of course people that did not get evicted because of the moratorium will have to face their reality also unfortunately, but at the end the economical situation is just not sustainable specially here in Miami, it just got to expensive to live here, the cons outweigh the pros, not good jobs, very low pay, high insurance premiums, bad weather threatening to destroy everything, bad policies what else, is better to go somewhere else, Miami has become over rated.
    3
  36779. Hey Michael, first off I want to thank you for making these informative videos. I have a question for you. I'm employed full-time but I enjoy the real estate market, do you recommend someone such as myself who might be contemplating on getting their realtor license or would you not. I'm just looking to gain experience and try to help people out finding homes. Thanks in advance.
    3
  36780. I must comment on your opinion about student loans. I respect your opinion. You are entitled to it but a few things you may not be taking into consideration. First off your taxes are not going to change because of this program. The businesses that have paid zero tax and saved millions since preferable tax treatment will finally be paying there fair share. Secondly college had been free ,UCLA for instance many years ago, or significantly cheaper than more recent times they became exorbitant. This was due to greed. The problem isn’t with graduates being dissatisfied with their degrees. We still need college grads for doctors, lawyers, CPAs, scientists to develop vaccines among other things, rocket scientists for Artemis missions and don’t forget teachers. Perhaps you like DeSantis’ answer allowing veterans to be teachers. Stupid! See you.
    3
  36781. I just found out you are originally from Belvidere. I have lived in the Chicago area since 1979, and in Schaumburg since 1984. I was just in The Villages for 2 weeks in July. I am looking to move to Florida in a few years when I retire. Illinois...second highest property taxes in the U.S. Mine went up $1,000 last year for a 1,000 sq ft , 2 bdrm townhouse. 😪
    3
  36782. Looks like you had a good trip. Thanks for sharing..
    3
  36783. The "reset that we need" is going to be when everyone is on their knees and the government brings in the CBDC. Bad news all around.
    3
  36784. I booked lastnight. Be there in a week in a half to dive Ft Lauderdale and Largo so hopefully the waters will clear up
    3
  36785. Michael Bordenaro Will real estate prices in Miami go down when the mass exodus from major cities to the suburbs accelerate?
    3
  36786. Ever thought about the central coast, like San Luis Obispo County? It has great natural beaches and mild summers. What bothers me about Florida is that, naturally, it's a big swamp.
    3
  36787. Yes! ❤️
    3
  36788. I would be interested in the analysis for Tampa
    3
  36789. It is insane. I would also think if you had that much $$$, you’d just build your own home.
    3
  36790. Same here. Every day I'm cooking at home it makes me feel awesome. I like to stack silver and gold. I joke that every meal tastes like gold amd my coffee tastes like silver. Oh ya cut out all fancy coffee shops 3 years ago as well. My coffee costs me with creamer about $12 a month.
    3
  36791. Thanks Michael
    3
  36792. Study history....fiat currency collapse continues. Nice day,
    3
  36793. Trust me this is no sleepy town. Its a party town.
    3
  36794. Great channel, Michael. I'm hoping to move there from new england...either Naples area or Jacksonville area. The winters are way too long here and boating and being warm outside are too important to me. Luckily, my parents will be snowbirds for now but meeting new people still concerns me.
    3
  36795. Even now, the only way this thing stays a float is if Realtors can direct buyers to New Home construction because if that boat don’t stay a float, this whole housing market tanks
    3
  36796. What about stealth sleeping in one's van ?
    3
  36797. Lol Michael !!😹😹😹 You just made my day ! This is exactly what I need in my real state agent ! Don’t need to be waking up early in the morning with phone calls and door knocking!! 🙄🙄🙄
    3
  36798. Really good information.... Corporations are buying up America Real Estate to Rent to the less able to buy. Scary. A country of renters?? Not good. Your next video should be about the FL Condo situation. It is crazy about the Rental Stipulations: Age 55+?, 3 month Rental limit?, Pre approved interview by a HOA Board? etc. A Florida Condo video would be great. IMHO, Start in Lee County SW FL.... It is the worst........ Keep Walking Mike!👍
    3
  36799. Hi Michael, We love the content you bring to these videos. We are looking at buying in a 55+ community, Solivita, in Poinciana, FL. The prices there have skyrocketed over the past 2yrs. I've been watching but it doesn't seem like the prices are coming down much. Is this a more stable market that won't see big drops in price? I'm curious about your thoughts on the 55+ real estate market. Thanks so much!
    3
  36800. Stolen House? I WONDERED what was going on last month when I saw my neighbor's house on a flatbed! 🤨
    3
  36801. Thanks for the videos, can you explain how to check for prior sinkhole activity and hurricane damage?
    3
  36802. CEO are paid to LIE, 1 step away from politics
    3
  36803. Michael, you have indeed educated us and we will plan accordingly.
    3
  36804. If you stay at air bnb ..you are supporting investors who buy these places. Stay at a hotel if you're looking to actually buy a home some day..
    3
  36805. Some work environments require collaboration to get things done. I cant imagine what a pain in the ass it would be to have to wait on a phone call email etc. When i used to could just walk to my co workers office down the hall
    3
  36806. The regional sale by price sale chart shows how broke the middle and lower class are and how much more rich the rich are. 4:23
    3
  36807. Thanks so much for your generous and enlightening content, God bless you Michael
    3
  36808. The gov printed 8-21 TRILLION FOR THE WAR ON TERROR SINCE 2001. Tell me why THAT didn’t cause crazy inflation. There is a lot of bs in this equation. It’s greed and opportunism for people to raise prices…beyond covering their own increasing costs. My opinion.
    3
  36809. where is the best place to move for natural beauty (flowers, gardens, beautiful landscaping, walking, healthy vegan food and lifestyle/yoga, and art/fashion?
    3
  36810. Great great video !! Turned on so much nice memories form Manhattan beach. I wish, I could be back there once again.. hopefully federal government will open again the borders for us EU citizen. Till than thanks for you cool videos. 🙏🙏
    3
  36811. I was saying to self, you have a stalker 😲
    3
  36812. I make $85000. Every two years. How about that.
    3
  36813. Hawaii as well 🌹💞🌹
    3
  36814. Michael Bordenaro worth going to Hawaii it’s wild nature calm people,,,, miami wild people calm nature 🌺💕🌺
    3
  36815. I'll be flying to Sarasota or Tampa in the Thanksgiving holidays coming up soon so I can get away. And it gives me the opportunity to see and feel what it's like being in Sarasota since I'm scoping out the area.
    3
  36816. I think I’ll stay in the Midwest.
    3
  36817. I've never seen the blue white and blue 💙🔵🔵🔵💙💙 like the sea the clouds and the sky like that where you are right now 😍😍😍😍😍😍😍😍😍😍😍😍
    3
  36818. Man w** i just feel like u read my mind and answered all my questions, i just came back from northern fl to ny where i reside, you made the perfect video really nailed it, i appreciate you taking the time to share 🙏🏻
    3
  36819. I have found nothing on many of these "move to Florida!" videos that address sinkholes. Could you please do a video about sinkholes in Florida? The worst places, the least likely places, insurance, sinkhole repair and how honest real estate agencies are with out-of-staters who may be unaware of this issue when considering buying a home in Florida?
    3
  36820. Those pretty pink flowers on the tree/bush are Oleanders.
    3
  36821. Great content. Thanks for sharing.
    3
  36822. I believe you are a little too optimistic about the housing market. It will be around 26' when it bottoms. This crash is coming in waves.
    3
  36823. Come out here to Westwood Lakes or horse country. Illegals live in illegal efficiencies, trailers and extra rooms. Some people even have them in their sheds.
    3
  36824. I don't think that is legal for the lender to take out flood insurance without giving notice. Years ago we went with an aunt and uncle to a cocktail party in Beverly Hills. I spent the longest time pushing buttons in the bathroom, beautiful. The they served chicken necks as an appetizer, WTF
    3
  36825. Like that guy I had 5 new ones and Rented Best 10 years of my Life..Party 🤑🤑🤑🤑🤑🤑 Been to Lincoln Road a zillion times🥰🥰🥰...
    3
  36826. Hi Michael, with all the changes and downfalls of various markets and businesses you mention repeatedly in your videos, how come we don't see that in real life? How come we aren't seeing the impact in the overall economy climate that is allowing us homebuyers make buying homes more affordable?
    3
  36827. Never really knew that area, glad you put the map up. Something like that would be the long term goal for me. Real neighborhood but close to the beach and south beach. I like that there are normal neighborhoods on Miami Beach with single family homes.
    3
  36828. We had no organic growth. It was all stimulus…
    3
  36829. I don't know about housing prices getting stable. I saw the same thing happening now in Florida in California. California housing is still out of control.
    3
  36830. The crazy part is that the price to earnings is still around 4. The world average is around 12. It takes 4 year of household income to buy a home in the U.S. I think it’s time for people to realize maybe this housing market, while it ran so much, it’s still somewhat priced reasonably.
    3
  36831. I disagree about 401K and Roth IRAs. In times of economic hardship, the account value drops, but at the same time with solid contributions assuming you stay employed during a recession. Your account will be purchasing cheap stocks, especially if you are young in an aggressive strategy to grow the account. As the market recovers. Asset values go up and one day your account will be much more valuable.
    3
  36832. 10:43 That is the reason I've been in the Tampa area for 17 years, construction has always kept me busy since the day I got here from California back in 2003.
    3
  36833. Yeah but if prices drop interest are going up either way it will only affect first time home buyers investors can bite the bullet for few months....
    3
  36834. I like the new setup :)
    3
  36835. Great video... planning my move .. glad to see you have an option for a consultation 🙂
    3
  36836. Floridians do not have state or city taxes like people living in New York City. Tax money have to come from somewhere.
    3
  36837. I’m sitting over here eating my food waiting for the bottom to fall out😊. I’m patient.
    3
  36838. IT'S NOW CALLED: SAN FRANSHITSCO
    3
  36839. all that aside. Oh man, I'd love to be down on that beach right now with the crystal clear water.
    3
  36840. Moving people is horrible on your body too. I’ve done it and had to stop offering it.
    3
  36841. Great! Love both of them! Greetings from Iraq 🇮🇶
    3
  36842. Hello again, Michael! Very informative video. Comparing your videos of the East and West Coasts, it seems like you get more bang for your buck on the East Coast. Which coastal WATERS do you prefer and why? Maybe this would be a good subject for another video. Also, do you have any affiliates or real estate friends you could recommend for other areas in Florida. If you do not, maybe this would be another good thing for you to explore so you could get some commission for sending some of us to other realtors in other areas where you do not sell. Love all your advice. Keep it coming and I will keep watching for sure. Thank you! x
    3
  36843.  @MichaelBordenaro  Thanks for everything.
    3
  36844. I love your page. This is a safe haven to learn about the u.s. without all the politics. Thanks for your awesome content ❤️
    3
  36845. Great analysis, Michael....I think markets are at a point of inflection, when the "price" of money (%) goes up. I agree with Ryan's scenerio , might be a good time to sit on cash and watch.....There are so many moving parts, especially geopolitically . Well, just trying to think about all that is going-on....I'm starting to get a headache (lol).....Thank you for another thoughtfull video....
    3
  36846. Ok what Where is north beach exactly?
    3
  36847.  @MichaelBordenaro  thank u 🙏
    3
  36848. I'm glad Target is lowering their prices. Plus, if you use your Target credit card, you save 5% on your final total.
    3
  36849. Hindsight is 20/20. Michael, what would you have done if you were in control of the economy at the beginning of covid?
    3
  36850. Not giving out stimulus and only unemployment help to the states and not a crazy amount.
    3
  36851. I saw that story about citizens and the 10th floor...ridiculous! Hope revision holds true!
    3
  36852. Hi there. Ever since I visited 1st time I wanted to move there away from the northwest. Been there 5 times now. Always have a desire to come back. It's been almost 10 years now, really looking for the day I will one day move and live there with my family. Hopefully soon.
    3
  36853. I’m waiting to buy. We cash outside 😅
    3
  36854. I think for some they won't understand unless they have loved in ither States. Sometimes you can put data out there but unless a person lives it data won't change their mind.
    3
  36855. Happy Birthday Lizzie!! Hope you enjoyed your day! 🎂Thanks Michael for another enlightening video. See you in the next one. 🙂
    3
  36856. Such a true and positive message, Michael! I couldn’t agree more that the most important thing is living in a place we love and that we feel safe in, regardless of what the statistics say. I’ve been to several of those cities on the list, and I found them to be beautiful and feel very safe. Thanks for another awesome video!
    3
  36857. These numbers were exactly like this is 2007.....Right before 2008.....which was an election year. yea might I remind you about the bank crashes in september?
    3
  36858. Foolish Michael. Now I know where you hide your cash. 😏
    3
  36859. Everything you say is true except the 800 lb. gorilla in the room is that DESTINATION states and locales will probably experience little market correction for I think obvious reasons. In particular, I've been keeping a close eye on 2/2 condos in the Tampa/Dunedin/Clearwater area for awhile and although properties for sale have stayed on the market longer than a year ago, price reductions are minimal or non-existent and the condos largely remain almost double what they were selling for 18 months ago. Continuing demand in Florida will maintain that trend. It's a destination for a reason. Resettled Ft. Myers expats into other Fla. towns hasn't helped either.
    3
  36860. Finally, the Coast Guard is always flying along the coast down there and all around the Gulf of Mexico. People want to come here because of who we our country is. Yes, you and I are born here in our country. I am glad that I am from here and I can understand why people want to come here. Even though we have problems here. Politics, religion, people relationships and money. Our country! Bless us all born and living here!!!
    3
  36861. I don't see prices coming down in The Northeast at all over the last year... In fact up... Looking in coastal California too as an alternative and same thing up, not down.
    3
  36862. Thank you very much for your videos' content
    3
  36863. Start running then you will notice the difference. 16th street, pickpockets, but still nice.
    3
  36864. Florida native here lol! We live in Jupiter Farms, where we each have at least 1.25 acres (some families have more). We drive over to the beaches in Juno all the time. Why not consider Jupiter Farms, should you ever choose to relocate? Thank you for a lovely video xoxoxoxo
    3
  36865. if joe starts selling online please include link
    3
  36866. WGN morning news! That’s awesome, man! Funny show, I watched for years when I had to get up early in the morning.
    3
  36867. Glad I found your videos. Planning a trip to Panama city beach in September, first vacation since 2018!!
    3
  36868. No one wants to pay inflated home prices plus high rate . Makes sense hopefully will crash soon. Thanks Michael.
    3
  36869. $25,000 a month for rent.? If a person can shovel that out for rent, I don’t know why they would be renting in the first place. Maybe that was a failed air bnb.?
    3
  36870. Another great video Michael, a very nice neighborhood, but too expensive for me, plus I rather be in walking distance to shops and restaurants like Surfside or Bay Harbor Islands .
    3
  36871. Fun fact: I’ve was stationed at Ft. Campbell, KY in 93’ and was listening to Paul Harvey when he had his daily live radio show. He predicted that half of the average Americans income would go to food by 2050. I think it’ll be sooner.
    3
  36872. I see, so this is a site with the problem of not having enough surveys lol
    3
  36873. In a past video you mentioned that it was a bad idea to wait for rates to come down (I don't think they will 6% will be new floor imo) vs paying less asking at a higher rate. Pricing is nowhere near where it needs to be to accommodate this difference in rate increases to be able to afford monthly payments for most. Pretty depressing tbh. My pre-approval 2 weeks ago (no rate lock) at a 5.49% is all but pretty much dust by the time I find a place and submit an offer and my wife and I have 800 credit and a good down payment and long history of stable employment almost no debt. Responsible ppl being punished and pushed out of housing. Thank you federal reserve. No one with low 3% 30yr is going to sell unless life force's them too. Idk it seems my dream of owning a home (that I WANT)in southern commiefornia is becoming a pipe dream sad... 🤡🌎
    3
  36874. This channel is worthwhile especially if you have interest in Florida real estate 😎🖖
    3
  36875. Thanks again Mike but I’m still waiting for you to come to Cambodia
    3
  36876.  @MichaelBordenaro  You give a lot of good information I just think in my opinion prices have to come back down for the ordinary person in order for you to purchase a property. Not everyone makes six figures salaries. Thanks for all your knowledge. Have a good day
    3
  36877. Past recessions are not good mirrors as the low savings, debt level and un-affordability all at record level. Suzy has never been my radar for financial advices. No idea the Ramsey guy, never heard.
    3
  36878. What do you think of those Elon Musk mini houses?
    3
  36879. the problem with that scenario .. places arent selling at 15% below 2021 prices ... at least not around where I am
    3
  36880. Great job. I love your channel
    3
  36881. Michael likes that Marin county. . .
    3
  36882. people think they will buy when prices come down but they don't same with stocks bitcoin. Conviction is the only way you pull the trigger when everyone is running away from the fire.
    3
  36883. I'd like to see Clearwater. I live in No. Ca. right now.
    3
  36884. Thank you for taking the time to give us a good new. Your explanation is very good and professional. I hope the interest rate keep increased until the house market is crash.
    3
  36885. UCLA dept of economics back in 2020 predicted 2023 economic recovery but they’re looking wrong now
    3
  36886. I would pay 2,000 a month tops
    3
  36887. It's through conflict that we grow and learn.
    3
  36888. I think your new gig is property management. Brilliant.
    3
  36889. Also the cost of repair and maintenance, electric cable . Not just morg. taxes Ins. Owning a home can be very costly. Don't forget the cost of interest over 30 years.
    3
  36890. Prices will drop in ugly dark places.... Sunny, warm places like Florida will hold value.
    3
  36891. Really enjoyed it Michael! Also your commentary was very entertaining :)
    3
  36892. I was able to check out some model homes in punta gorda recently. The market there is also booming. However, theres not much to do there.
    3
  36893. This video was awesome! Thank you so much for sharing.😊😊😊
    3
  36894. The politicians are all bought and paid for by these investors, that's why. You don't bad mouth the boss.
    3
  36895. My brother just bought a house, really surprised thought he would hold till rates come down a bit 😮 he went with a FHA on a new built home rate seemed about 1% lower
    3
  36896. Venice is one of the coastal towns on gulf side we put on our list to move. Naples and Bonita are the other 2.
    3
  36897. Hey Michael! I dig the Mesa-Boogie. :-) I've been a pro bass player for 35 years in Nashville. Lol Just moved next to Rosemary Beach and am finishing up my real estate license. I'll shoot you an email. If you have any questions about PCB/30A/Destin/Pensacola, I'd be happy to help. Keep up the great work!
    3
  36898. I don't know what it is but I believe you are a honest man! Keep it up
    3
  36899. Cardone is a scammer, under FBI investigation
    3
  36900. As a buyer I would pay a buyer agent if I have a solid agreement where the buyer agent works in my interests for a flat fee and/or a percentage of however much they get the price reduced. They would also have to agree to not take any money from the seller or sellers agent.
    3
  36901. Wonder why do these scammers just love screwing hard working people out of hard earned money… please do updates on that 30 million dollar house I wanna see if the magical values was payed
    3
  36902. Most of the movie was shot in California, not Miami. The Cuban community basically kicked the whole movie set out of Miami due to the fact that they felt the movie was portraying the Cuban community in a negative light.
    3
  36903. Don't come here in the summer. The best thing if you're moving here is to move in the winter so you can slowly acclimate to the heat. Coming here in dead summer will make you probably not wanna move here. Also if you feel like you wanna be away during the heat, it's probably not the state to live
    3
  36904. Now here on 27th the track shifted south towards Sarasota. Sorry for them but maybe my power will be spared here in Tampa. Be safe my fellow Floridians.
    3
  36905. 👍💐
    3
  36906. Hey Michael - Does it make sense for someone in Canada to invest? Any examples of how much money can be made, including the cost of property management. - Rob
    3
  36907. It's like we both bought at the same time and same condo but my mortgage is not as high
    3
  36908. I put in an offer for a house that was 7% list than asking. The seller's agent responded: "The sellers aren't going to GIVE this house away!" It's been on the market since October 2022. Still not sold. What can I say? Housing inflation is stickier than strawberry jam on a sidewalk in July.
    3
  36909. It seems like Atlas is Shrugging.
    3
  36910. Michael, thank you so much! Your insight is really giving us a sense of what's happening there. My local news on touched upon the problem briefly.
    3
  36911. All the greed is finally coming to the top
    3
  36912. High interest rates makes land cheaper and makes it more profitable for real estate developers to make cheaper homes
    3
  36913. Well Done Michael love them all, as an interested prospective Floridian, you videos are gold dust.
    3
  36914. The funny thing that i'm whatching this videos from east europe romania, ehat happens in us replicate 90% in romania a month later. So yes, i have crystal globe and o can read the future. 😄
    3
  36915. I always have a Woodstove ready in case my electric power goes down, and the availability of gasoline is ended (for generators). Is wood burning legal in Fla.? (Or is it a "nuisance"?)
    3
  36916. Were looking some houses in bica ratton but we have no realtor can u help us pls
    3
  36917. I have always said ...Florida real estate.... Still the best way to launder that illegally acquired booty.....
    3
  36918.  @MichaelBordenaro  Thank you for the quick response. We are in Toronto Canada and are thinking about Miami. More residential then South Beach. I will message you however, can you tell me where borders for North Miami please
    3
  36919.  @MichaelBordenaro  from your videos (from your balcony), what area is that?
    3
  36920. Hi Michael. I email you no answer? I tried to call you the same ?
    3
  36921. Great video. Thanks
    3
  36922. There's no doubt that the properties are overpriced especially with the rates. The question will be who is actually serious about selling and keeps their home on the market. I'm a believer that a lot of these markets are so overpriced especially being here in North carolina, where prices have more than doubled in the past 3 years. But if sellers give up and take their homes off the market then there's not going to be much of a correction unfortunately. There's still people that are still buying at these stupid prices which blows my mind.
    3
  36923. It was different kind of video from you but it was so good. I think everything you put on YouTube is on point. Keep em coming. 💓
    3
  36924.  @MichaelBordenaro  Check out this spot https://www.redfin.com/FL/Fort-Lauderdale/505-N-Fort-Lauderdale-Beach-Blvd-33304/unit-1410/home/42065849?utm_source=myredfin&utm_medium=email&utm_campaign=listings_update&riftinfo=ZXY9ZW1haWwmbD0zNjg1ODY5MiZwPWxpc3RpbmdfdXBkYXRlc19kYWlseV8yNCZhPWNsaWNrJnM9c2F2ZWRfc2VhcmNoJnQ9aW1hZ2UmZW1haWxfaWQ9MzY4NTg2OTJfMTU5Mzc2NjkwM18xNCZ1cGRhdGVfdHlwZT01JnNhdmVkX3NlYXJjaF9pZD00MjE3ODYwOCZsaXN0aW5nX2lkPTExMTU0ODExNiZwcm9wZXJ0eV9pZD00MjA2NTg0OSZwb3NpdGlvbl9udW1iZXI9MA== It just got sold for $175k and it has a view of the open ocean. The problem is it doesn't list what the condo fee is. I know I have to buy a smaller condo like 600 square feet fyi to get it in my price range. Ive found condos in my price range in Fort Laud but the problem im having is finding ones with fees for $300 or less monthly. I could do $400 if it includes cable. Most of these waterfront properties are high-rises with high fees which im not liking. I dont care about it having a gym, concierge, or restaurant. I just want to pay for the view and have a low fee. Do you have any tips for me on my search?
    3
  36925.  @MichaelBordenaro  Wow thanks for pointing this out to me Michael I didnt know that. I think im gonna have to switch up my strategy a little and aim for a condo with a canal view instead or maybe something walking distance to the ocean. Ive got time to figure it out. Good luck with your channel and everything I hope it does well.
    3
  36926. No No No. Don't Over Pay! :-).
    3
  36927. My husband and I love to fish! Even our 15 yo daughter does too!
    3
  36928. Hey Michael, buy a house in Iowa and after one winter you will be back strolling thru that beautiful 85 degree weather with the palm tress swaying in the breeze 😁
    3
  36929. wow, such a quite beautiful paradise! I need it to ride my bike there! The darker sand color reminds me of my own hometown.
    3
  36930. I really look forward to watching your videos! Living in Nashville TN right now, and definitely seeing some similarities here with your market down south. Thank you for keeping it REAL always!
    3
  36931. Yep , the facts speak for themselves !
    3
  36932. This looks like another great beach! It's rated as one of the best in the US. Thank you soo much for sharing this! I'd like to visit Longboat, Siesta or Annamarie next week. It's a tuff choice. They all look great!
    3
  36933. Great video. My expenses in Volusia County are less than $2400 because I am really conscious of my spending. However fixed expenses like Homeowner's insurance in 2021 has increased significantly due to frivolous lawsuits. The age of a roof also effects insurance costs. (2020 $800 / 2021 $1200)One cost you might have mentioned is HOA fees and/or mobile home park pad rentals. This can cost about $400+ per month. Home repairs have become more costly. Condo vs single family home costs are different. For example lawn care and pest control are expenses condo fees generally cover. My car insurance is about $30 per month. Utilities are about $130 including water, garbage collection and electric. Thanks again. I really enjoy your videos.
    3
  36934. A very convenient house. Taking coffee in the morning can help to sharpen your mind
    3
  36935. Home warranties Like Home Shield Etc are such a rip off don't do it save your money and fix it yourself
    3
  36936. Spring break in Miami should just be cancelled for good. I can’t believe how bad it is
    3
  36937. Hi from Australia and wonder if things will get better in the future.
    3
  36938. With rental prices rising, it might be best to rent from a mom n pop landlord rather than some institutional landlord. You might not get the coolest unit but you might save more in the long run.
    3
  36939. Such a beautiful place
    3
  36940. Wow. 15712 Delrey is the winner for me :)
    3
  36941. What’s the part of Florida that has the lowest humidity , ? Thank you
    3
  36942.  @MichaelBordenaro  ok Just curious. Im currently in Dallas but I’m visiting in September. Thanks!
    3
  36943. Panhandle is the best 👌
    3
  36944. Thanks!
    3
  36945. West of the Rockies has already began its crash, but its slowly moving East. Everything on the West Coast is already 10% of its peak. Eventually when the recession hits, its going to hit all these heavy tourist markets that blow up every time there is a bubble.
    3
  36946. Good clip sir, question miami dade, Broward what do you think it will happen here?
    3
  36947. If we get a soft landing where inflation returns to target and unemployment remains low, rates will stay put continuing the affordability gap until prices come down. If we get a hard landing then unemployment spikes prior to rate cuts, which means the marginal buyer is still unable to afford the mortgage even with the lower rate because they’re out of work. The only scenario where R.E. prices remain strong from here is where the Fed abandons its price stability mandate and lets inflation rip until it gets out of control
    3
  36948. All the rivers would have to backup first, so before Florida is flooded the Midwest would already be underwater. Think about it.
    3
  36949. Yes Fisher Island was all connected and Carl Fisher bought it from Dana Dorsey, the first multi million dollar African American. He wanted to create a separation and make it an island. Prior to this it was a wedge of land with coconut palms and mangroves that sat in Biscayne Bay. Nice walk and history information.
    3
  36950. Michael Bordenaro Ah the joys of being the great granddaughter of one of the founding fathers of Hallandale Beach, you grow up being given history lessons on Florida, no Dr. Seuss books, just loads of letters, articles & storytelling about FL. Fisher Island in its natural state was gorgeous! Clyde Butcher, the famous photographer, took so many photos of it. He’d literally walk through the mangroves and shoot pics. Stunning.
    3
  36951. Love your videos, Michael
    3
  36952. Im in Phoenix and homes are priced more than double what they are worth. The market is a mess here you would have to be insane to buy in Phoenix right now.
    3
  36953. If you read the Wall Street Journal, you can't help but be amazed at their bullish autopilot mindset. They will seize upon ANY positive news, no matter how slight or trivial, to declare a trend in progress. Are they supporting the Biden Administration, or their own financial interests?
    3
  36954. Send the rain to Northern California! 🌧🌧🌧🌧
    3
  36955. Our total debt is maybe $3k total .. No mortgage No car loan.. Our rent is dirt cheap @ 600 a month for a 3 bedroom house .. By living so cheap we can afford to go on 3 cruise vacations a year.. I know a lot of people who made the huge mistake of taking out a HELOC
    3
  36956. What street is that by?
    3
  36957. Michael, the fed is probably holding off on selling until 1. Midterms are over and 2. Layoffs start coming. Midterms for their friends and layoffs as the scapegoat as to why the collapse. It’s too obvious if they collapse it right now
    3
  36958. Yeah!😎
    3
  36959.  @MichaelBordenaro  You see, Michael...you are making me Think...Thank you !
    3
  36960. I live in Miami Beach right now, just moved here last week. I am hoping I don’t have to get a car.
    3
  36961. awesome content i remember reading long ago about fema being underfunded to cover home damages from flooding and hurricanes in florida and that some of the homes have been repaired 2 or 3 times and that home owners were stuck paying higher premiums for years and years until the money could be paid back for the repairs if ever
    3
  36962. I know a lot of people who's BACK in the Office.
    3
  36963. In the Toronto area, home sales are down substantially compared to last year…but prices are still high.
    3
  36964. The video quality is really good!! What camera did you use?
    3
  36965. The bigger picture! This what comes with Socialism. America is slowly becoming a corporation of haves and have nots.
    3
  36966. I'd love to see a chat gpt vs. Michael Bordenaro competition home search take place in Miami. It would be like an IBM Big Blue vs. Garry Kasparov chess match.
    3
  36967. Such a beautiful place! Thank you for doing a walking tour vid. I am sure ya'll are having a blast on your travels.
    3
  36968. Maybe people should choose to sell to real people instead of corporations...are you really winning selling out?
    3
  36969.  @MichaelBordenaro  I understand sometimes it is about principle and doing the right thing
    3
  36970.  @MichaelBordenaro  So do you have a preference, or like aspects of each?
    3
  36971. Papa Powell said no recession predicted and no low interest rates til 2025. Put this on record there is no way there will be a recession and home crash until after the election. No way Biden or any president will have a chance of re election in the middle of a massive recession
    3
  36972. I do believe the buyers Real Estate commissions are a legal ethical conflict of interest against getting the lowest price possible. A person needs to be very scrupulous here.
    3
  36973.  @MichaelBordenaro  I don't see wages going up anytime soon but I do see people struggling to make ends meet, especially with the amount of debt, inflation and potential layoffs.
    3
  36974. Enjoying another chill walk/talk while drinking a beer after work with my buddy Bordenaro
    3
  36975. Thanks for the video!!! Excellent information!!!
    3
  36976. South florida is still booming.
    3
  36977. Crash will be here before you know it. Prepare to buy a bank reo, hud or VA owned repo. Florida and Arizona are both cycle states ! Keep up the frugal mindset brother! Timmy C Arizona
    3
  36978. People whoblike to see their houses go up in value because they own multiple houses (to make profits), or ones who overpaid for their houses. Other than that, high pricing houses means paying more taxes, something that one-home owner like me do not like. Speaking of paying high for taxes, some well to do people have to retire on smaller homes instead of their million dollar dream homes (because taxes eat away their retirement money)
    3
  36979. Totally right - millions of USD for retirement, you will be lucky if u get 30k from the government... What a hell is going to us all. And the property taxes in MIAMI are insane - for me its unbelievable to pay so much...
    3
  36980. In MN it's $0.08 per kWh, that is really cheap. CA with $0.50 per kWh it makes sense.
    3
  36981. I want the truth! Keep making more good videos!
    3
  36982. Electric cars are like driving a ticking time bomb, the battery gets so hot and where you live, the salt water causes corrosion which causes🔥
    3
  36983. Jealous! Hermosa was one of our favourite beach areas. Were they giant Empanadas in that restaurant and we thought We heard Led Zep starting up Kashmir. Heaven! 😄
    3
  36984. Good tips.
    3
  36985. I work to much to have a depleted savings. It only gos down when I take a extra day off and the wife is with me.
    3
  36986. Happy Birthday Michael! Enjoy your day!
    3
  36987. Shit, I’d rather live in my car.
    3
  36988. Its not about home prices goes up, the real story is the value of the currency going down....
    3
  36989. Great video as usual Michael :) Question to the current situation, does all the hotels in Miami Beach operating right now?
    3
  36990. Very helpful! Can you please do more Q@As?? 1. Pros and cons of living in South Beach? 2. Benefits of art deco building vs high rise/new construction? 3. What is Miami like doing Covid? Is it safe or are people oblivious? Thanks!!🙏
    3
  36991. Really interesting thanks !
    3
  36992. I love North Beach. I’m currently in the process of moving from North Beach🥲 to a condo in North Miami.
    3
  36993.  @MichaelBordenaro  Found a larger and less expensive condo. It comes with a ocean view, but I’m definitely going to miss North Beach.
    3
  36994. hm did you ever consider that when florida was nicknamed the "sunshine state" in 1845 the weather was different. No statistics on how many sunny days there were in each state either, I dont think google existed.
    3
  36995. California was not even a State yet
    3
  36996. Are you seeing a lot of buyers buying with mortgages vs cash buyers? Is it a lot of foreigners coming in and buying vs locals? Just curious because something doesn't seem quite right when you look at the high demand and then you look at the high unemployment. It's even happening in the auto industry. I don't get it
    3
  36997. Michael Bordenaro Do you think the eviction crisis will deteriorate the housing market and real estate?
    3
  36998. I am a recruiter in the IT sector and Big Tech is now starting to lay off engineers. This will only drive down demand for buying homes. Real estate agents in San Diego keep saying that Apple, Amazon, and Google are moving jobs here, so they are trying to scare folks to keep buying. There are a lot of issues with what this: 1. Most of the jobs will not be filled by high paid engineers or product managers, only a few managers or directors will be offered relocation packages to move here. 2. Most of the openings will be support, operations, and back office, and these companies will WANT to hire locals, because they are CHEAPER. 3. It will take a long time to fill these roles, and with the recession, it will take even longer. Don't listen to local real estate agents, they don't have your best interests right now. They are scared because buyer demand has dropped off, and clients are scarce.
    3
  36999. My wife goes on vacation for a week and the whole world falls apart
    3
  37000. why is student loan debt so much higher? Is it because parents & students didn’t pay it down during their duration in college ?
    3
  37001. Sitting in Loves Park, IL right now Michael, near I-90 and Riverside! :-) Been thinking of making the move for only a short time, but today was the first day I actually started researching. I somewhat stumbled across this video and as soon as you said 'Belvidere', I had to subscribe! lol It's very cool to see you so involved with all of these comments. I will be watching more of your videos in the very near future to learn more. Sincerely appreciate what you are doing with these. Very helpful.
    3
  37002. Hey Good morning Mike. I talked to you the other day about a friend of mine you look somewhat like. Anyway? I have never been in Florida and do plan one day to go and check out parts of the state there. I also know from talking to people over recent years , that there are a number of people from the N.Y.C. and Boston areas that have moved down that way. So let me ask ? How's the Italian scene down there in Florida. Good Italian restaurants there to enjoy good food? Anyway your videos are pretty nice. I would love to bring my DJ business and partner out that way one day and play a DJ beach party once the virus stuff clears up that is. Anyway catch at another time huh? Ciao.
    3
  37003. im moving next year to the states but i cant decide wether to go to california or florida...
    3
  37004. I thought about starting a YouTube Channel for a long time. Graham Stephan was part of my inspiration to finally do so as well. Watching him talk about his first videos made me realize that I could develop the skills as I went along. Although, I probably should have started a finance channel if I were going to make as much money as Graham.
    3
  37005. This touched me so much, especially losing my Dad in January 2020 and also because I have a 20-year-old and a 25-year-old… thank you 🙏🏼 Love your Dad!! Funny, I have no idea why really but I’ve always been “drawn to” Italians Lol. My best friend in high school was 100% Italian and she is still in my life to this day. My other best friend is Italian and lives 15 minutes from me which is nice! And of course I have always been attracted to the male Italian version as well!! (In a different way of course 😉) ♥️ Love this!! Thank you so much!!
    3
  37006.  @MichaelBordenaro  LOL I would actually love to meet him in person, too bad we don’t live closer…He seems like a wonderful Interesting guy with a huge heart!!
    3
  37007. Thanks for all your very good tips.
    3
  37008. SS is basically a ponzi scheme....the current worker is paying for those who are collecting SS.....they need to change that model to an investment model like IRA's and 401's and give tax incentives so for people to change to the new model....and this cannot happen overnight but take 15 to 20 years to transion....
    3
  37009. Michael Bordenaro I will give you an update when I make the move. Good luck stay well.
    3
  37010. Michael Bordenaro yes no doom and gloom anymore. I turn 35 in 2 weeks it’s time to get the show on the road! I plan to leave on my bday lol here’s to another long drive
    3
  37011. Michael Bordenaro thanks! I’ll keep watch for your vids I subscribed
    3
  37012. My name is Justin and I love the videos keep up the good work . You have a lot of great ideas,suggestions and recommendations . I live in Philadelphia and have been thinking about moving to possibly to the Clearwater area . It seems like a HUGE step and my family is here and this is the only area I've ever known . Is there any advice you can give to make this an easier reality ? Thanks man .
    3
  37013. I remember in the early 80s, my mother got a call from her mortgage company trying to incentivise her to pay her mortgage off. She paid 10k for her house in 1960 and had a 3% rate. She couldn't afford to pay it off anyway. The economy had tanked and I was one of 4 children in private schools. It's all cyclical.
    3
  37014. Hey
    3
  37015. #1!🖐
    3
  37016. I'm a native Floridian, age 54 and single. I'm thinking of making a "start over" move to Florida's interior. I'm an avid cyclist and want to be near areas with lots of outdoorsy healthy people. What areas would be good for someone like me? I live in Fort Lauderdale (could sell my house and make a killing) - here's where I'm considering: Mount Dora and greater Lake County Clermont (has good hills) Lake Placid Gainesville Still beach towns but offer good cycling, so still on the list: St. Pete New Smyrna Beach Vero Beach
    3
  37017. Just finished a three week trip out west. You guys are getting screwed on everything but taxes. I’m staying in wet wintry affordable upstate NY
    3
  37018. 16% of people think it's a good time to buy a house? Must be Realtors or Mortgage Brokers.
    3
  37019. Hi James 🎉
    3
  37020. Great idea, solid execution. You nailed the points! We’re staying at a house directly across from Cortez Beach/Bradenton for a few days then directly over to Cocoa-Melbourne beaches for a few more days. Trying to guess which we’ll like best, but who knows lol
    3
  37021. Hi man, watching your videos like a good time now😂 always great. Actually i have some good sort of money to invest since a while.. And you talk about investments. Actually i am little afraid now that i move to florida and maybe invest in bad decissions and loose all my money. I mean i am also in my 20's and not a super "pro" in investments. My dream would be to have at least some sort of "save" passive income that i only need to work 50% or so.. you know without much stress in life. Was thinking buying and after rent out appartments. Or maybe buy other stuff to rent like parking lots or so... But i dont know where to find REALLY ACURATE informations. And maybe help when i am alone in florida knowing nobody. You know like a help center for investment people. Because i worked really really hard for that money and i have only 1 chance in life for that. Kind regards from switzerland.
    3
  37022. Aren't there sinkholes on the roads?
    3
  37023. I think between Orlando and Tampa there are alot of sink holes...just Google it..it will show a map of where all the sink holes are.
    3
  37024. Thanks for the video...I have a question...how much should a single guy in his 30s have saved up before coming to let's say Miami?....what if I was bringing 15-20k? would I be okay starting out with no job immediately?
    3
  37025.  @MichaelBordenaro  Thank you Michael. .Great views to a nice building of this condo with great amenities.
    3
  37026. I agree with everything you said Mike.
    3
  37027. Great Video !....A very Smart way to Live..below your means and spending your $ Wisely!...Thank you..
    3
  37028. I would love to do a beach drive once. Doing it regularly will ruin the underside of the car frame, though.
    3
  37029. Yeah, and most automated car washes now have under carriage sprayers. Right, that's all there is to it. I'm going tomorrow.
    3
  37030. Weird times.. hard to predict what’s coming.. I’d say one thing is likely.. no home value appreciation for years..
    3
  37031. Michael is the Dan of the east coast
    3
  37032. I remember bro I used atlas and I printed directions from websites like mapquest.
    3
  37033. Thanks!
    3
  37034. The frequent EV battery fires is reason enough not to buy one.
    3
  37035. I know we are in trouble, We cannot change status of MLS, nothing we can do. My listing is pending but I cannot change because of Cyber attack. I wonder if I can change by COE. 🙄
    3
  37036. Michael:Will you ever buy a house since you say houses are better then condos?
    3
  37037. Mike she's Hawt! You should let her participant..
    3
  37038. Keep hammering property tax. My property tax has doubled in the past few years. (NORTH GA)
    3
  37039. What was for breakfast? Any hot food?
    3
  37040. You know Mike, after moving to FL I said that vacationing was done. I thought FL was the vacation. This video just proved me wrong. I now will plan to do a Route 66 tour to LA next summer! Are you looping back down south to go back home? I recommend hitting that up and doing a Dazed and Confused simulation in Austin, TX. Have a great rest of the tour!
    3
  37041. Maybe he thinks he could take a tax loss
    3
  37042.  @MichaelBordenaro  I remember it because it was very good and made an impression on me and I wanted to go back and see it again everytime I came down but it was never there again
    3
  37043. Where I work in nyc, workers only show up 2-3 a week. Most of them are comfortable working from home. I work at a copy center for a law firm so I know that the lawyers are enjoying doing their work in their pajamas. It hasn’t really changed at all.
    3
  37044. Looking forward to your fact finding missions!
    3
  37045. Did you say you changed the domain name of the website? Because that would affect your traffic.
    3
  37046. Nice video! I live in South Florida and I think that a large chunk of the WFH crowd won't be sticking around. The pandemic will be declared over by this summer (political motivation for mid terms), and the more authoritarian states will be in bed with large companies by offering incentives to get people back in the physical brick and mortar workplace. These states just cannot afford the loss of tax revenue from those with middle to higher incomes permanently fleeing the state.
    3
  37047. Do you like sunrise and plantation
    3
  37048.  @MichaelBordenaro  thanks for all your interesting information
    3
  37049. I can’t wait to see the videos when your on your road-trip. Enjoy!! I will 👍🏼
    3
  37050. how you get links for things like that? i want to create link to and start do money to :) and how you find links like cashback and more?
    3
  37051.  @MichaelBordenaro  i meant the link you put in description when you invite me to buy something but you get money for everyone who buy there, that link that i can send my friends and make money
    3
  37052. im ready to go on something 175k or less
    3
  37053. I think there's no more survivors when half the building collapsed, killing 99% of the people in there. The families that think their loved one is fighting for their lives, lost when the building collapsed and never stood a chance.
    3
  37054. Condo "business" is the most lucrative business in the world. A perfect crime. A loophole in the law. Endorsed by all level of government.
    3
  37055. Some people bought because they're sure they're going to stay put for the next decade. I wish I could see that far into the future. I don't even know what I'm having for lunch tomorrow.
    3
  37056.  @MichaelBordenaro  Many people like the oceanfront living because it’s very therapeutic/life changing 🌅 🌊 🌴 The sunrise/sunset, view/sound of the ocean, palm trees and sandy beaches 💙
    3
  37057. Scary! I hope there weren't too many crimes committed in that area, while the power was out!
    3
  37058. thanks for the tips!
    3
  37059. Happy Birthday Michael. I hope you had a fantastic day!
    3
  37060. 😳 OMG!! Wow!
    3
  37061. I heard that building was hit with a 100K/unit assessment and ignored it. Just rumor of course. Keep up the great analysis.
    3
  37062.  @MichaelBordenaro  Yes, those and billboards, etc. But then I saw an actual realtor post about it on instagram and she seems to be a legit realtor with a real brokerage... do you have insta?
    3
  37063.  @MichaelBordenaro  thank you
    3
  37064. Mike you should have bought in 2008 tho
    3
  37065. Have seen homes 900 sq ft in florida going for outrageous amounts!
    3
  37066. A month ago, I was sitting on Venice Beach watching the sun set. It is beautiful. I’m moving nearby (by Manasota Beach) as soon as my house is finished. Unfortunately, I’m up north in the cold waiting.
    3
  37067. It’s so unique! Amazing city!! 😍😍
    3
  37068. Cool iguana!
    3
  37069. Go Michael go!
    3
  37070. Hey, cool channel. I just came across you. I'm a fellow Realtor and YouTuber in FL and the Virgin Islands. Just wanted to say hi and connect with you. New Sub.
    3
  37071. First..
    3
  37072. Thanks!
    3
  37073. Great
    3
  37074. Very interesting video Michael. Thanks
    3
  37075. Thanks for the lovely comment Eleanor!💜🌷☺️
    3
  37076. What place would you recommend for a family, not very expensive, but a good middle class neighborhood, excellent community and respect
    3
  37077. Video isn't dark.. the story however...
    3
  37078. This is exactly the video and content I was looking for. We are based in South Africa and are looking to invest in a property cash towards the end of 2023 (so we will be following closely the market). Please keep us regularly informed as you always do and we shall definitely be in touch closer to the time. Love your videos, they’re always so informative and on point!
    3
  37079. You are an introvert, so am I.
    3
  37080. Michael Bordenaro Thank you very much for taking your time and reply to me, to us 🤗🌻
    3
  37081. Gold is from God money is from men ,so which is better Gold
    3
  37082. Someone is always after your money, biggest crocks are those who advertise (have the money too), new cars, vacays, beer 🍺😊 blah blah, don't fall for it, if it was so wonderful they wouldn't need to advertise!
    3
  37083. This is happening because companies from blue states are buying up rental properties in red states like Florida or Texas for over market value and then swooping in a increasing the rent by almost 40 to 50 percent. Thier dramatically changing our economy and its putting native floridians on the streets, there taking advantage of our relaxed laws a zero covid restrictions and what there really doing is turning us into the place that they fled from. It happened to me was paying $650 my landlord of 10 years retired sold to a big New York rental chain recently and literally that same day new landlord knocks smug new York city type at my door looks at me dead in my eyes and hands me a piece of paper that reads effective immediately rent is to be payed to x company amount $1100.
    3
  37084. Patience is a virtue. Those who are patient will fair off better in the long run. Right now the housing and rents climate looks very challenging. As for myself, I know it's just not the correct moment because I feel way too many things are going on and it's just too intense for my fair heart to handle. Wars, high gas prices, inflation, competitive markets, and a host of other external factors are just not making the current situation favorable. I shall wait for the storms to settle down.
    3
  37085. Congrats
    3
  37086. 2024 and 2025 could be worse as this enormous debt bubble leaks until back to normal money supply
    3
  37087. Just wondering what will happen to condo prices in the near future once owners and potential buyers learn about pitfalls of reinforced concrete seaside properties. I think it will require a lot to persuade future condo buyers after this tragedy. You can only feel sorry for condo owners.
    3
  37088. Funny coincidence I just made my first investment in a Masterworks offering less than an hour before watching this video
    3
  37089. Michael you’re right, Now we have a good old fashioned Mexican standoff. Sellers don’t need to sell because of the equity they have. Buyers ain’t trying to buy because of the prices.. Foreclosures and owner builder seem to be the way to the promise land..
    3
  37090. Good advice 😎
    3
  37091. Who can we talk to in order to lower the tax bill on homes? Or do we just have to take it without any lube?
    3
  37092. Florida has a large elderly population. Old people die. That means that, by default, people are dying at a higher rate in Florida than most other states. Those people need to be replaced, and if we are cutting off more pathways to legal immigration, then replacement people need to come from somewhere.
    3
  37093. FL needs tourism, so the FL governor declared the state fully open for tourism with no restrictions so of course hordes of tourists will flock there....
    3
  37094. The only time I rented in my life was the year I moved to Florida at age 34 .. I bought my first home at age 19 .
    3
  37095. Always hire an independent inspector. It's that big of an investment.
    3
  37096. I live in California and love it.
    3
  37097. That’s not Michael. Michael would be outside walking around during the interview. This is an imposter!
    3
  37098. The Mission of national puppets, The dysfunctional circus run by the media controlled monopoly of the money power is an indispensable component of the global con. People must be made to believe that governmental leaders are acting autonomously with the best interest of the people at heart. The true mission not to be identified by even a small segment of the population.
    3
  37099. If your insurance is being canceled, better get it squared away FAST. hurricane season is coming and most policies need to he in effect for 30 days before an event resulting in a claim can be covered.
    3
  37100. Pretty sure it’s west Palm Beach,not the island of Palm Beach.I’m born and raised in West Palm Beach and the crime rate on the island is Very low West Palm is a whole different story. Cool channel bro.😎
    3
  37101.  @MichaelBordenaro  I try in Lake Worth. Next week will see. I got conditional mortgage approval. But I don't know is it pass full review or not. They did full review this week. I will proceed with this purchase even with 20% down. In that case my monthly payments will be less. But I prefer more cash in my pocket.
    3
  37102.  @MichaelBordenaro  At least I tried. Like I always said. Try to find bright side even in negative result ☺
    3
  37103. Missed a small retiree plan not expected. Age discrimination. Forced early retirement 5-10 years too early.
    3
  37104. Bank of America called those "ninja" loans if I'm not mistaken in 2008. Which stands for: no income no job application.
    3
  37105. Again this guy rocks . Greetings from lakegeneva Wisconsin... we cant wait to get down there . I have a CDL my kids work in the industry of hotels. My parents live in belvidere Illinois. My dad passed on I need a change . I did stay in florida in winters I built fences.. Tampa sucked 20 years ago homes had bars on the windows.. we love the out doors .. you are varry clam me and my wife love your videos..
    3
  37106. I'd say let the AI and robots do the work, and the rest of us just get wads of funny money to have endless fun and inject the zombie economy forever hahahha
    3
  37107. Great video. Clear and concise. Had my 13 y/o son watch it. Thank you.
    3
  37108. 👍👍👍👍👍👍👍👍👍👍👍👍 Thank you for today’s video. I just can’t believe that this world 🌎 has gone so insane. Thankfully I’m one of the smart ones who bought when I bought and sold when I sold. My last investment home I had in the Nashville area I sold last February for $778,000 and I only purchased it 4 years ago for $435,000😮❗️❗️ The house I live in now was purchased about 7 years ago for only $375,000 ❗️It’s a small house with 2 Bedrooms and 2 bathrooms with an office and on one acre of land. I saw the writing on the wall and did what I needed to do. I will buy some more houses when the SHTF. so some of us smart people are doing well. I also just sold my restaurant in California for a great price 👍❗️ I sold the business,Liquor License (License alone was about $325,000) and I sold the building, Carrying a note for the next 15 years as I go into my retirement. I Love your channel and watch every day as well as watching “The Economic Ninja”! Let’s all “Crush it” together. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  37109. Excellent video Michael. Thanks
    3
  37110. great info and made me think about a couple of things I didn't consider before. One thing though about buying a condo definitely look at the roof even if you are not on a top floor because you betcha you will be paying for it in your condo fees lol You would like to see a nice new one or at least one in good shape so you know you won't get hit with an assessment in the near future or at least that the association is keeping enough in their rolls to take care of it. Keep up the good work! :)
    3
  37111. Glad you join crypto, however you could’ve bought it without any fees on Robinhood app. But disadvantage would be owning only a stock instead of block chain
    3
  37112.  @MichaelBordenaro  that’s understandable. I guess it’s a purpose of crypto anyways
    3
  37113. Here come the Short Sales...............
    3
  37114. Park at the causeway free parking right on the beach!
    3
  37115. I note the lovely decorative and ornamental back iron adoring the windows on the (fabulous) faded yellow home in a community where people can park their car on the city boulevard edge of their property while not clearing any leaves accumulated from the last several hurricanes. Love me some of that for a next door neighbor. Yeah buddy!
    3
  37116. Great story and insight !
    3
  37117. Marco Island is beautiful and the beaches are clean and Agua green. The sands are white and it’s. Very nice.i recommend to visit.
    3
  37118. Thanks for sharing this video! Stunning views and landscape. Very serine place. It can't be denied Cali is a beautiful place. Top 3 in the union in my opinion. The new camera on the 13 looks great too. On my last trip I took a bunch of footage with an older iPhone. Amateur stuff with the camera jumping and low res.. This time I'd like to get better footage. I'm stuck between upgrading to the 13 or getting a GoPro. I'm leaning towards the GoPro though. Based on the fact it can safely be taken into the ocean. I'd hate to accidentally sink a new 13 snorkeling with one of those underwater cases lol
    3
  37119. Unfortunately everything is getting more expensive!
    3
  37120. Happy birthday Michael!
    3
  37121. I guess I somehow missed that you were from Chicago, so it makes a little more sense now why they contacted you. Great work!
    3
  37122. Man common Michael you are rich you just play poor!!!!!
    3
  37123. Holy ####
    3
  37124. That $1400 studio for rent at 13:00 looks like a converted 1-car garage.
    3
  37125. When the [Andrew] 1992 hurricane hits Miami in the future, you will see things change dramatically. There will be an exodus of people and equity. I was 18 when this happened and we dodged a bullet but saw the impact of everything south of Killan Blvd.
    3
  37126. If you're selling I'm buying.
    3
  37127. 👍👍👍👍👍👍👍👍👍
    3
  37128.  @MichaelBordenaro  they were a lot then too
    3
  37129. 225 to 275k price point would be great! Also, for crime statistics in a map format to know whether an area is safe or at least relatively speaking would be on realtor.com
    3
  37130. Hey Michael! That's kind of sad to hear, but every cloud has a silver lining. Keep up the informative videos!
    3
  37131. Mike hope u didn’t sell that Bitcoin buy more you and your girl would do awesome in California sunshine everyday I’m in marina Del Mar
    3
  37132. Remember: these newbies were nobodies in the states they came from 😂 which is why they had to leave
    3
  37133. ​ @MichaelBordenaro  Makes sense. Keep up the quality content. 👍👍 This is yeoman's work, but I think your local expertise and credibility should pay dividends.
    3
  37134. Do you watch Meet Kevin ?
    3
  37135. The problem will be the value of the dollar. The dollar is coming back home.
    3
  37136. 1:03 Lol 😝
    3
  37137. That orange rose bush is really a bougainvillea. 😉
    3
  37138. How would you compare Fort Myers with Fish Hawk / Lithia? Younger couple fresh out of college looking at these areas
    3
  37139. 🤗 Michael > you got a “Gordon Gekko” hairstyle going on 🤗
    3
  37140. Clickbait with tesla pic. No way you buying 40% of tesla. Maybe the gas cars. Sure.
    3
  37141. Anybody with 250,000 or less in the Bank are getting the crumbs from the table!!!
    3
  37142. Dude crushing it. 600 subs! Keep up the good work.
    3
  37143. If you bought title insurance when you bought the home would it have covered these silent loans
    3
  37144. 🥶🥶🥶🥶🥶🥶🥶🥶🥶🥶 You look like you’re FREEZING 🥶🥶🥶🥶🥶🥶 😅😅😅
    3
  37145.  @MichaelBordenaro  got it, Michael I just rewatched and noticed it. Much love from your fellow south FL neighbor 🙏🏽
    3
  37146. Gorgeous spot you took us to today, Michael!
    3
  37147. Mike wait till the bond market collapses as well. Those who don't know how to trade short term will lose almost all. Who made $ during the Great Depression? Pension collapses are not far off. Ask Bill Clinton about an out of control bond market, his favorite days in the WH. All brought to you by ? Guess for yourself. Nothing like hard times to separate the truly skilled from the bull shi**ers.
    3
  37148. Oh it’s tacky at Cocoa Beach area but in a fun and not really offensive way. There’s a statue of a surfer on A1A nearby and you can take tours on Kennedy Space Center although it’s expensive
    3
  37149. Prices in my HOA in Ft Myers are down 15% in 2024 from 2023 prices and time on market has tripled! Builders are giving new home away?
    3
  37150. What if I want to get a place outside of Miami but within decent driving distance to save money on a rental? Also I pay $110 for TMobile one line. I pay $1200 for liability in California
    3
  37151. My husband & I enjoy your content! Don’t change keep the format true to what your message is! 🩶
    3
  37152. I moved to a small tourist town in the midwest in 2021. There are a few regional chains and a healthy market, but Walmart has the best selection of the foods I buy. I do have a budget and just shop for those items. I don’t wander around the store looking for things to buy like Walmart would like me to do.
    3
  37153. How much $ do you need to invest in real estate ?
    3
  37154. Michael Bordenaro ya I live in Southern California I’m considering starting out of state
    3
  37155. Michael Bordenaro yea exactly and you hear people say oh wait for a market correction/crash I don’t see that happening anytime soon lol are you also a realtor ?
    3
  37156. Michael Bordenaro that’s true those are some valid points 👍 nice to meet you like your content exactly what I am interested in
    3
  37157. Face it people have stopped buying anything🎉 people stopped going out to eat people stop buying cell phones people stop buying cars people stop buying pretty much everything 🤔
    3
  37158. Sad.
    3
  37159. Great content I like the part about reinventing yourself in a new city!
    3
  37160. I'll tell you what Mike, it seems like everybody is moving/retiring to Florida. I'm in Crystal Lake, IL. and almost 60 and people around the country at my age have had it with winters and there's a massive amount of baby boomers retiring and turning 65 that seem to be all heading down there with a primary or second home. I would like to also.
    3
  37161.  @MichaelBordenaro  Sounds good Mike. We're a couple years away. Ultimately, I'd like to be a snow bird for 3 months. Chicago area has awesome summers and it's really Jan, Feb and March that are yuck. Even a decent mobile home set up would work. Love your videos! Keep up the good work.
    3
  37162. The winter here in Sta Rosa Beach is amazing! And no crowds.
    3
  37163. Since you just bought in Miami, who are you using for homeowners insurance? I know like there are literally no companies left to insure new buyers
    3
  37164. Michael Bordenaro Oh that’s cool
    3
  37165. What’s the link for National Association of Realtor news.
    3
  37166. Fantastic video, Michael! So informative and IMPORTANT!!!
    3
  37167. Your little skit in the beginning was hilarious, I realize I’m not that attached to family, love them but I’ll be just fine 😜
    3
  37168. They can extend it all they want but the damage is done. It will be a long time before most people will consider a FL condo.
    3
  37169. The maintenance fee is just a mortgage to expensive. It will be better a home you can put $800 a month in your own home. Granted is on the beach good video
    3
  37170. any chance you can make a video about owning properties close to Disney?
    3
  37171. I think you might be onto something when you suggested making a series, it'd be very useful for us looking to retire to Florida in the next 1-2 years. Can you do The Villages please. Stay warm!
    3
  37172. Congratulations Mike!😁😁😁😁😁♥️❤️♥️🙏🏾👍🏿⭐️🖖🏻🙏🏾
    3
  37173. Are you back in florida from california?
    3
  37174. Inflation is cumulative
    3
  37175. What a nice treat - Thanks Michael!
    3
  37176. Bigly overpriced .
    3
  37177. Michael, I appreciate your vast insight. Did you already go to Venice Beach and that area of Florida?
    3
  37178. Loved it
    3
  37179. Great video! Spot on!
    3
  37180. Winter Haven has low crime
    3
  37181. I bet you miss the humidity!
    3
  37182. When it comes restaurant/food & dining New York hands down #1! I can walk in a 5 star Michelin restaurant in 5 mins or pick up a box of delicious Halal food off a street vendor for $9! During restaurant week $49 fixed 3 course meal in high-end restaurants. It is the happiest week entire year for me :)
    3
  37183. wow who pays 6200 a month for rent thats crazy. like 70 a year no fing way!!!!
    3
  37184. But recession is coming soon
    3
  37185. Hey those price cuts Zillow estimates are set up to make you feel that you are getting a bargain. It’s all BS and everyone but the buyer is in the game to scam the hard working person out of their earnings. Hold your money close to you - that way you can go wherever you want. Who wants to settle for a home at 3-4x it’s value and you work like a slave to pay it off. What was that line in the Tombstone movie : travel and live on room service! Lol that’s the life
    3
  37186. This is a Great idea, Michael !.....On your way North, if you could just check-out Century Village W. Palm Bch.( A drive through).....I would really appreciate your feedback......I hope you have a Safe and Enjoyable Trip !.....Godspeed...
    3
  37187. 2 years living in Santa Marta Colombia on $3,000 a month with my wife a block off the beach.
    3
  37188. Thank!! 🏋‍♀⛹‍♀🏌‍♂Many Creators do not talk about this, but the comments you got show this is more of the normal than usual! 🐩🐕‍🦺🦮🐕
    3
  37189. Home builders give a better deal than homeowners selling. Most of the stuff in new homes are new. A lot of homeowners who are selling, try to pass their problems on to you. Stuff like messed up roofs, security system contracts, solar panels that are not paid off, old appliances. Buying a new home is a way better experience for me. The contract is definitely tough on the buyer but they did perform and stayed on time.
    3
  37190. This video is a God send for me! I grew up in Orlando, Fla. Moved to Hawaii when I was 20 yrs old, moved to BC Canada (for love) when I was 26, and now after 30 yrs and being 56 yrs old, I am SERIOUSLY considering leaving the cold, rainy, brainwashed Canada.....to go back to my home state. However, in speaking to my brother in Central Fla, I can almost guarantee that I will NOT move back to Central Fla. I would LOVE to travel around the state of Florida, Prior to moving, however that takes money... I would do that in order to see where in Florida I feel Good Vibes to move to. You are doing what I plan to do ( just months sooner)...I will watch every video ( and have been watching you and your wife's videos) pretend I am with you guys, deciding where I want to live in Florida again. P.S I cant not stand humidity either! yuk..!!
    3
  37191. Follow your intuition always :)
    3
  37192. I would like to move out their but like everyone I’m scared but your video is very incouraging
    3
  37193.  @MichaelBordenaro  I like reading other people's comments which i learn a lot from and come to find out your birthday was back in May. Yep, never assume. LOL. You are presently enjoying many more. Happy for you guys. I want to do what you guys are doing. Enjoying the USA. Safe travels and take care.
    3
  37194.  @MichaelBordenaro  yup you also said at least twice that home buyers should try to wait it out a bit, but pointed out that some people can't due to whatever reason. For some people it's in one ear and out the other 😂
    3
  37195. My ex got a house in FLA for 90k 20yrs ago. Here insur. Is insane now
    3
  37196. I'll just wait till the housing market hits, and brings the prices down. Is it true that there are 1.61 million houses on the market?
    3
  37197. Exactly right - their views are skewed by their need to make a profit. The real estate sites don't want people to stop buying as they would have too much to lose.
    3
  37198. Great job ... I'm in a condo and rules keep on changing.some for the good and some not ...I'd like to learn about co op one day when you have time
    3
  37199. Just found this amazing channel. Thanks for giving so much useful information, Michael! I’d love to rent a month to month studio/1bd at east coast FL wonder if that’s possible?
    3
  37200. Economics degree is one the easiest degrees. And economist never are held accountable for when they get it so wrong. Wished I had a job where I can be wrong most of the time and still have a job. If get it wrong people could die and cause a lot of money. And I would lose my license and be sued more money than I could make in 10 lifetimes. But still I make a lot less money than economist. I am the stupid one...not economist.
    3
  37201. I completely agree. The realtors are the reason we had such a severe housing bubble, they keep driving prices up to an unrealistic level. They BS and will say / do anything to get a sale. NEVER trust a realtor!!
    3
  37202. This new housing program for first time home buyers is just a tactic by the big banks to get new buyers to jump into the market in order to keep home prices high. They know what’s on the horizon. A recession is coming and this is another way to kick the can down the road temporarily. The sickness is the overvalued housing market and crash correction is the medicine. Kinda messed up really when you think about it. They’re planning to use minorities which for some of whom don’t follow the market and are just trying to make ends meet and it could like you say end up hurting them in the end.
    3
  37203. Soothing video. Great message
    3
  37204. Michael You are exactly right. I would never live in anything but a house. I love my house. Anywhere I move I will definitely look for a house.
    3
  37205. The mainstream is doing everything they can to keep plugging. The holes in the damn but the issue is quite clear. They're starting to run out of finger's...
    3
  37206. Don’t tell them about us
    3
  37207. the 25% are the realtors who voted
    3
  37208. The cat 🐈 is hungry Amigos 😅
    3
  37209. Very good video . Thank you.
    3
  37210. I had the same type of jackhammer experience many years ago. It was so horrible, that I had to leave . Just packed up and left. The owners did not even ask anyone about paying past due rent. They did not even care. I think they were happy that we just left and did not sue. They gave us no notice at all about the work.
    3
  37211. Champlain towers?
    3
  37212. I called Melbourne a sleepy town and someone disagreed with me. I like Melbourne beach but it doesn’t have much night life which is why I called it a sleepy town. In Los Angeles California county beaches most have lots of restaurants open past 10 pm and things to do when it gets dark but Melbourne really doesn’t once it’s late evening
    3
  37213. Melboring lol.
    3
  37214. Great channel, lots and lots of useful info, thank you so much!
    3
  37215. It's been chilly in central FL
    3
  37216. Moved from toronto to Florida last month. I love it! Your videos helped secure our move!
    3
  37217.  @MichaelBordenaro  I'm 🙏 that I'm wrong! But economic fundamentals tell me different. I thought about going back to SoFl, but all the points you touched on are exactly why I concluded not to for now. Thank you!
    3
  37218.  @MichaelBordenaro  👍
    3
  37219. Merry Christmas y’all. Going into 2023: Just remember, when we fight over the political parties, politicians are succeeding in their agenda, and that’s how they pass legislation we are against. If we were united, they would fail and we would win.
    3
  37220. I think you have a great channel!!
    3
  37221. Don't waste your time my friend. I was raised in CA, I have lived in southern CA and Central CA for over 30 years, quality of life has been decreasing continuously. don't even get me started on the homeless population, people defecating on the streets in broad daylight is becoming a norm in SF and LA (someone made an interactive SF poop map lol). the homeless in LA used to be concentrated in downtown/skidrow now its all over the city. average home price in SF is about $1.5 million to live around human feces, check out SF tenderloin with all the crime. the grass is not always greener on the other side. I would recommend take a few months off and stay here and see how you like it because no matter what anyone says its different when you see and feel it yourself. good luck I wish you the best.
    3
  37222. Housing market crash is like a train wreck in slow motion! Joyous times ahead:face-blue-smiling:
    3
  37223. Moved to Venice in June 2021!
    3
  37224. EV junk on the road forces massive jumps in auto insurances industry. US Taxpayers do not want EV's because the federal government are trying to shove it down our throats. Let the EV process happen naturally, without taxpayer money. Anything, anything the government gets involved it turns to crap. Let it evolve with market forces.
    3
  37225. trumps Mar-a-Lago was valued at $612 million however the Florida state commission said it was only worth $27 million That's over a 98% discrepancy That is where housing will land when there's a crash
    3
  37226. 2 Ways to compete. Price OR terms. Lease option, seller financing etc..
    3
  37227. Depends on the state law. Seller financing can be more problematic especially in Florida
    3
  37228. "Every penny counts". Well said!
    3
  37229. Yes but you are wearing them with lenses!! Lol
    3
  37230. It all depends on the state. Some states foreclosure laws are judicial and non judicial. Some states can legally foreclose within 6 months and some states can take 18 months or more. I’m guessing the foreclosures will start September 2023
    3
  37231. Hey Michael, Happy Thanksgiving. I'm from Beaufort, SC now staying midstate. Wanted to move back to the Coast (it's home & much warmer!). Spent 18mos looking from Daytona to Myrtle Beach. Can't find a place I can afford & want to live in. So sad. Happily, I've just bought a historic home outside Augusta & will go to Fl for a few weeks in Feb/March. Do you do vacation rentals???
    3
  37232. Hey I looked through your videos but couldnt find one on buying a "condo hotel" Do you have one? Im interested in what Its like buying one!
    3
  37233. The “problem” with condos. The older ones were built during a condo stampede in there 80’s. Condos were the In place to rent/buy. I remember them going up all over. And going up fast. We opined at the time how long they would last and be safe. And we’re they safe to begin with? Beautiful beach front property turned into Condo Canyons practically overnight. Developers even bought existing apartment buildings and turned them into “condos”. A friend of our was renting one. They turned it into a condo,while he was there. And “offered” his own apartment back to him for 40k. Which was quite a chunk back in the 80’s. And the building he was in wasn’t that solid to begin with. So he moved (later built his own house).
    3
  37234. My wife and I are heading to Longboat Key in two weeks.
    3
  37235. Your perceptions are amazing!
    3
  37236. If you house shop on the apps you can see 50k and more with price drops
    3
  37237. I loved the vlog-style video. How about a future vlog on the Cuban culture of Miami? Restaurants, mojitos, coffee, Calle Ocho ... by the way, I would totally peg you as Latino. You mentioned that fellow Miamians assume you're Cuban, until they hear that Illinois accent, LOL.
    3
  37238. I was just in Bonita Springs for 9 days and got back 3 days ago. I will be sure to check out that beach next time. We went to a private beach that's "included" or whatever you wanna call it, for residents of a community or anyone staying at Hilton. Now we are back in the bitter cold up here in Canada. LOL I need to catch up on a bunch of your vids. xo
    3
  37239. 1 bedroom apartments in Miami starts a 1700 and we are talking about a shittie place the current rent price for a decent apartment starts at 1950
    3
  37240. This is so informative. great content! Love to see more.
    3
  37241. I don't believe what they said But let hope for the best Prepare for the worst Anything can happen in 2023 Nothing last 4ever It depends on lay off Job loss how bad it going to get 🤔
    3
  37242. Agree 💯this is invasive!!!
    3
  37243. Yup there pushing this ev movement too fast on us. How are they expecting us to adopt when the majority of people can't afford those expensive ev vehicles. Only privileged people are driving those vehicles around at the moment and act like us normal people are the problem.
    3
  37244. UR GREAT
    3
  37245. All your videos are amazing and helpful but this one was specifically good especially for ppl coming from outside of USA. I am shocked yet again how affordable Miami compare to London and how much more value for money you can actually get in Florida. The only thing that I would say considerably more expensive in Miami compared to London is the food shopping. Yet again - I am sold.😀☀️
    3
  37246. 4 th 😂 How about starting a follow up on the people that ignored your sound advice and forged on with their own plans. I think that would be very entertaining 👹
    3
  37247. Even mortgage free, the home still costs me almost $1,000 a month just for insurance and taxes. I just replaced my AC for another whopping $4k! If I sold right now, the new mortgage holder would have a $3,500 monthly payment, $42,000 a year just to have a roof over your head.😢
    3
  37248.  @MichaelBordenaro  I like the area (Monterey) and we (my wife and I) like the jobs we found here. Income taxes will cost us 20 k more than in FL...that I justify for the beauty of the State and the better weather. House prices is going to be the main ostacle to live here in the long term. We have been here for a year and I haven't considered the idea of going back. I like CA more. I hope for a change in government in the next 2 years.
    3
  37249. I'm Vietnamese, not Canadian. Can I apply this referral program ?
    3
  37250.  @MichaelBordenaro  Thank you for your info !
    3
  37251. excellent advice 😊
    3
  37252. How about stopping in Tampa?
    3
  37253. Love it
    3
  37254. 9:14 I spy a Lamborghini Gallardo
    3
  37255. Another great video !
    3
  37256.  @MichaelBordenaro  You're welcome! I always enjoy the real estate aspect, seeing Miami and the road trips 🤙🏻
    3
  37257. Only a fool would take out a reverse mortgage. My home is paid for. We did a county to county tax transfer which will put our property tax at the same rate as our last home from 30 years ago. Our taxes are cheap compared to all my neighbors on my home with a value of 600k.
    3
  37258. Eh I just buy bitcoin every 4 years when it's in the toilet and sell it when the media goes nuts about it skyrocketing. That's my investment plan. Started with 2 grand, got 11 bitcoin now. Works great lmao.
    3
  37259. the real problem is if all the banks in the US and out side the US start selling their US bonds
    3
  37260. if you're in orlando you should do a little video of you stopping at the bitstop bitcoin atm there and putting a little cash in to purchase btc :)
    3
  37261. The lady and I are wanting to escape the Forrest fires in Oregon
    3
  37262. All most 10 000 subs 😃🙌🏻
    3
  37263. Your right! Time on mkt ala coast increased, prices now beginning to drop.
    3
  37264. Greed and corruption on the part of so many involved....always a recipe for complete disaster, misery and collapse whether you're talking about the property market or anything else.
    3
  37265. To expensive in fl
    3
  37266. The only folks that get a contract are the executives. The same folks that get HUGE bonuses and golden parachutes. A $20+ million employee screwing over the $40K employee is the American way!
    3
  37267.  @MichaelBordenaro  I'm in Minnesota but I saw a Video that said it's coming that way
    3
  37268. I wish I spent more time at the beach when I lived there
    3
  37269. You're being followed
    3
  37270. So glad I was able to refinance my student loans at a much lower interest rate before the Fed started raising rates.
    3
  37271. When you film your condo?
    3
  37272. Where in Florida is this?
    3
  37273. Great info Michael! Thanks
    3
  37274. Lowering the sell price would go against the agent's (both buyers and sellers) interest. Their commission is a percentage of the sell price.
    3
  37275. Great video! Thank you for your honesty.
    3
  37276. It's called, cut your standard of living.
    3
  37277. You are 100% correct. If the Fed stops buying MBS, and they go "no-bid" ; rates will instantly jump to over 10% crushing what few transactions are left.
    3
  37278. The guy in the consortium on the X -Files said it best the best way to predict the future. Is to invent it.
    3
  37279. This is an ideal day - 80s, a nice breeze, refreshing water, and no crowds. Let the tourists and others jam the beaches on weekends. My skin cannot take prolonged sitting in the sun, but I love early morning walks or runs at the beach, and then a little shade from an umbrella after about an hour. I love the sound of the waves - especially at night. Most of your viewers are gazing at gray skies, light snow on the ground and 30-35 degree days, so very jealous!
    3
  37280. The root problem with insurance dropping you is, as always, the gov't interfereing in markets: insurance companies could never afford to just drop people if there was an actual free market in insurance as opposed to the gov't requiring you to have insurance. "But the gov't doesn't require it, the banks do!" And the gov't requires the banks to operate within a given risk profile, a profile that is the result of the requiring that banks lend to unqualified participants because of "equality" and "fairness". This, in turn, means they require you to have insurance so they're covered. When you get away from honest, grass-roots free markets that deal with reality as opposed to political agenda's, these are the kinds of 3rd and 4th order effects you get. Add that to the fact that 99% of people are completely ignorant of even basic economics and, well, here we are.
    3
  37281. Who comes up with these dumb ideas? If the people can’t afford to buy on their own they should rent until things settle down. Cash $$$$ is King when being a homeowner. This summer a new compressor $5,000. We have a new ant in our area destroying the yards $450.00. You have to be able to take care of the problems or you will go deeper into debt.
    3
  37282. I found a beach there for like $7 for a couple hours then it started pouring and everybody bailed lol!
    3
  37283. Mo 💰 mo problems ❤😂😢❤
    3
  37284. Interesting video, keep up the good work! :)
    3
  37285. Thank you so informative
    3
  37286. Society is creating this by excepting it, people think they can't go 5 minutes without checking all of their social media accounts. Social media can be good for some things, but it has changed the world for the worst, especially the US.
    3
  37287. Right I think the worst is yet to come
    3
  37288. 1st
    3
  37289. Can you air bnb this unit ?
    3
  37290. @4:53 that guy Matt in your last video was encouraging people to take on debt at 27% to take him out of his unlevered trade so he can disappear into the sunset with a big bag of cash while your asset collapses in value, why wouldn't we blame him?
    3
  37291. You have to remind us sometimes. So saying always is no biggie
    3
  37292. Wow that looks cool
    3
  37293. Great stuff!
    3
  37294. I'm a server at a restaurant, and one weekends a I could make $300 on tips, 6-7 hours shifts, that an average of $37 to $50 an hour on a good day, and a bad day $150-$200
    3
  37295. Looks lovely except that it might just be too cold for too long.
    3
  37296. Taking advantage of people, all of South East Florida is coming apart due to greedy development companies. It's sad that this area of the state is nothing like it was 60 years ago .
    3
  37297. Thank you so much brother, been looking for information like this video
    3
  37298.  @MichaelBordenaro  subscribed:)
    3
  37299. Thumb up if you think he looks good without the sunglasses.
    3
  37300. As you go further north up the coast of FL from Miami Beach, starting about, say, Port St. Lucie, the sand gets less white and less fine and the ocean gets less crystal blue/green. And some areas have increasingly shrinking and eroding beaches and have had to pump sand from offshore or truck it in to widen the beach (known as beach re-nourishment). I didn't see evidence of this in the photos, but when this occurs, rental prices drop.
    3
  37301. Walking Tour vids are awesome! As far as content overall, comparison videos and your past, deeper life advice and help is welcomed as well. As far as VLOGS, my advice is do what you want to do and are comfortable with. The point is enjoy what you are doing, otherwise it becomes a JOB away from a JOB. You are looking for another avenue, to make a living doing something you enjoy. Just my two cents.
    3
  37302.  @MichaelBordenaro  Please don't put any further stress on yourself. Life has enough obstacles. The content you put out is appreciated and enjoyed 😀!
    3
  37303. Thank you for your Honesty ! I really enjoyed watching your YT video , Good informations
    3
  37304. Hey Michael, moved to Sarasota on October 1st. Any advice what we need to do if anything to prepare? Where I came from a 5-inch snowstorm emptied the Stores of very much everything. (NVA). I live in a brand new 2600 sq foot townhouse that obviously is build with the latest hurricane codes so no worries there.
    3
  37305. Wow...toward the end of the vide you actually drove by the building that collapse. And at the end you were actually standing almost across the street. Sad...condolences to those families. We actually drove the A1A from Miami Beach all the way to our hotel in Fort Lauderdale. It is a nice relaxing drive.
    3
  37306. Rent before you buy a house , see if u can handle the heat.it's hot
    3
  37307. Ahhh you mentioned it at 26:03...Purdy Lounge was my favorite spot! It closed in Feb 2020, I was there for their final "Reggae Night". Great memories there
    3
  37308. The Pompano beach one looks like a real god deal for only $1500! So when someone signs the rental lease, can they pre-pay a number of months in advance?
    3
  37309. Great videos
    3
  37310. But it’s true that Bay Area is seeing new bidding wars. Several by 30 percent or so above listing.
    3
  37311. Good to see you both together, guys 😊 Smart and handsome, what can be better to watch? 😁
    3
  37312. Great advice for those who have patience or the proper circumstances to wait it out. I just sold my house that we bought 15 years ago just before the crash. It took me a little over 15 years to get out of my starter home because within a year from buying our home we were over 40,000 upside down.I wish I would have had someone to give me the advice that you are giving now. I believe that you are spot on. Thanks for your advice and honesty.
    3
  37313. Hey Micheal , do you have your business info (realtor) on here anywhere ?
    3
  37314. how will joe biden''s 15 million illegals impact depressed wages and housing???
    3
  37315. I lived in Colorado for a few years, Colorado Springs, I thought it was Very pretty, but I never felt like I got used to the altitude, I felt winded easy, and my eyes were dry and bloodshot at the end of ever day, It is nice though
    3
  37316. hey michael, thanks for all your videos. im so excited to start planning. do you know anything about homestead exemptions, do retirees and senior citizens get extra exemptions?
    3
  37317. Love you talks. I was just in Miami great weather when I was there. The rental car I just took it back with the gas it had. Couldn't find any stations
    3
  37318. Whoo-hoo #76. Lol getting closer😂 Life has been upside down since the 90's, so happy to see the rest of the country waking up.
    3
  37319. My Mom was an actress. But she only got small speaking roles. She was on the original Hawaii 5-0 for example but to pay the bills she worked 3 jobs; waitress, hostess and hotel lobby M-F plus nights and weekends so I almost never saw her and raised myself from age 8-15 until I moved in with my Dad. They divorced when I was 7. My first step father was a wealthy guy in Hollywood then my 2nd step father was a well known actor from the 60s and 70s who was the lead actor in a tv series. Now my Mom runs a dog grooming business. I’m only back in Florida because the extended shutdown over Coronavirus it will probably be a year until go back to Santa Monica or San Francisco
    3
  37320. You're channeling your inner Layne Staley with the thumbnail.
    3
  37321. They need an elevated train all the way down to South Beach, that traffic is becoming too much.
    3
  37322. Phoenix, 2:15 pm flooded rain here.
    3
  37323. How I can get residence tell me that I will move I hate winters here 😭😭😭
    3
  37324.  @MichaelBordenaro  with tourist visa Florida ID 😂 is that possible 😱 Unfortunately, only California residents who are lawfully present in the U.S. can obtain an official state ID. This means you need federally issued documents proving your immigration status
    3
  37325.  @MichaelBordenaro  😂👍🙏
    3
  37326. In this conversation between these two gentlemen. They're telling no lies here and have. Time and time again backed up everything. They've said with real actual facts.
    3
  37327. which is a nicer beach, st. Pete beach or ft. Myers beach
    3
  37328. Have you heard anything about earthquakes in Florida?🤐
    3
  37329. Agreed- absolutely crazy to watch this all as it unravels.
    3
  37330. You need backing tracks. Great to hear you play again. Inspiring me to play more myself.
    3
  37331.  @MichaelBordenaro  people are coming to the panhandle here and offering 20 and 30 thousand more than asking, and paying cash. The people that are born and raised here, have no chance of buying anything right now, it's pretty sickening. A house will come on the market and have a contract within a day.
    3
  37332. Hey Michael, current California resident who is dreaming of investing in FL where I was a student once. Did you by any chance make the auction buying video? Thanks a bunch for your great content, I have been watching non stop since I found you!
    3
  37333. I'm thinking of moving to West Palm Beach. Loved it there in the 90's.
    3
  37334. First
    3
  37335. Are there lots of rooms to rent in Florida, such as for under $500 a month with utilities included, especially in the Miami area? I think that’s a great option for singles with no kids when first moving to FL or to any state or place.
    3
  37336. Yeah if you had to move cross country in the last 6 months you probably got scammed. Myself and another coworker moved from California f9r GA and both had horrible experiences due to the movers underestimating the labor and truck needed for the inventory
    3
  37337. Boy, what a GREAT video !!!........Thank you, Michael !!.....These walks are terrific, please let's see part 2.....Making a walking video in 100 degree heat, now that is dedication !!!!
    3
  37338. Have a Safe Trip Michael We Love you!❤
    3
  37339. Today a lot of houses started coming out on the market in CT.
    3
  37340. So now extrapolate. 😉 If the people who have good jobs, good credit, and are in an actual house are starting to hurt, take a second and think about what is happening and has been happening for the last three years as the people who are living paycheck to paycheck have lost everything. I love your channel and how you break everything down, but I must admit that it gives me a certain schadenfreude because those of us out here who have been screaming about prices and inflation and have been being gaslighted by mainstream media and the Biden Administration all this time, telling us that things are going great, are finally being proved right. That it's not our imagination that the economy is in dire straights. I cant count the number of people online that I have engaged with that call me a liar when I tell them that the definition of 'recession' was changed under Biden's regime. The results of Build Back Better have finally reached the upper-middle class. For those of us who have already been destroyed by this Administration's fiscal policies, I'm actually enjoying watching from the shark-infested waters here and hearing the people in the lifeboats seeing leaks in the hull. Welcome to the Party guys. 😎🍻
    3
  37341. Alot of info went into this video.. I remember when there was 2.6k subscriptions..not its doubled in subscriptions in a few months
    3
  37342. OMG! I am wearing a dress today here at work, that looks exactly like your shirt…color and everything! Thanks for another great video, Michael!
    3
  37343.  @MichaelBordenaro  HAHA .. 😂 // We all love ya-&- Lisi here in Orange County CA .. By the way — say Hi to the Mrs .. tell her we need a Christmas cameo from her & a couple of her 4 legged friends .. Lord Bless You two— . Thank-You for your help in Real Estate .. your channel has been really helpful .. have learned a lot from you Real Estate Bro ..! 😎..
    3
  37344. Agreed, we only go out for things we can't make at home, like sushi and chinese, very rarely.
    3
  37345. "Gold is often hailed as a hedge against inflation—increasing in value as the purchasing power of the dollar declines. However, government bonds are more secure and have shown to pay higher rates when inflation rises, and Treasury Inflation-Protected Securities (TIPS) provide built-in inflation protection."
    3
  37346. Waiting for the part 2 now.
    3
  37347. My cousin has a townhouse that’s maybe 20 years old In Philadelphia. There is a refinery right not too far in the back of the house, this house sells for $700,000.
    3
  37348. Agree on almost all your points, but I personally always offer lower then ask, is always a middle where all parties are agreeable. Also I will never get an a biding war with anybody. I am opinion do not make it an emotional buy, make it an investment buy. Buying your own home is an investment," why " because with the years your home will be worth much more. That you rent or live in it or not. The value will increase giving you capital gain, which is a profit. I have personally made more money buying, living in the house for a couple of year and selling, then renting for 5 to10 years and I get my money then instead of waiting. When you rent you also need to take care of all maintenance and people that rent not always take care of your property . As for selling or buying The real State agent/Broker must do their job, which is representing the buyer or seller. Sorry, but sales is sales, nothing comes free, the biggest real estate agent/brokers always present the offers low or not, is their obligation.
    3
  37349. Thank you
    3
  37350. I just sold a house in Winter Haven! It's a nice quiet area! Also, sold one in Lakeland. I like the area as well.
    3
  37351. Hi Mike n Lisi❤
    3
  37352. Nothing keeps going up, it will all come crashing down eventually.
    3
  37353. Good Morning Michael, this is another great video. I have lived in San Diego all my life. The weather is usually great year around. It is expensive here. A nice place to visit is Del Mar. The beaches are nice here, but I believe the one in Florida are nicer.
    3
  37354.  @MichaelBordenaro  my total budget is $2500, i meant to say $3000 as my total budget sorry
    3
  37355. Michael, if you already haven't seen it there has been very heavy advertising for AVEN. It's a cc tied to a HELOC and being pushed hard right now. It is exactly the thing that you advised NOT to do!
    3
  37356. Improving your editing game! I see you bro
    3
  37357. Well I was just telling you I hoped to see a new video from you soon and here it is. Looking forward to hearing your view on this.
    3
  37358. 👍👍
    3
  37359. How about for 2022? A price range would be helpful. 😉
    3
  37360.  @MichaelBordenaro  And Dog friendly is a must 4 us. ☺️🙏🏽
    3
  37361. Walk from Nov-April. Drive from May-Oct.
    3
  37362. 🙏🙏🙏🙏🙏🙏🙏🙏🙏
    3
  37363. BIDENOMICS to the moon bruh 😂😂😂
    3
  37364. I didn't know you needed at least 20% equity to refinance plus the cost to refinance by itself is a ton of money, my realtor said multiple times I can always refinance but never mentioned the cost.
    3
  37365. I called a title company, getting info about selling a home. I don’t plan to fix it up for resale, but also I am not planning on over-pricing. If it doesn’t work out we may hold it for awhile .
    3
  37366. Great “inequality”in all aspects of society today in America! Corporate America is in command and they only look at numbers not people or lives! Sick mentality!!!
    3
  37367. Very sad situation. My prayers go out to the victims and all their families. God Bless them all.
    3
  37368. If these prices are median, and you get a decent home out of that, then you guys should be laughing
    3
  37369. Two years from now the inventory will be significantly higher and prices will be much lower. Look at what’s already happened in the last 12 months .
    3
  37370. Does the 25 include cable ?
    3
  37371. Some people are chronic complainers. The best reply to a fool is Silence.
    3
  37372.  @MichaelBordenaro  LOL if you want I can complain about this video but I won't LOL
    3
  37373. Don’t step on 💩!
    3
  37374. Great Video!
    3
  37375. Gov't collecting less taxes and spending more on increase numbers needing more social services. Now, people going homeless and spending and borrowing without a care. That's the new modern thinking. Debt is good to them. a downward spiral.
    3
  37376. I liked it, it gave me a feel for what it’d be like if I were sitting out there having my coffee. You mentioned going to Pensacola, which is where I’m moving to in about 6 weeks. Will you be making a video about it?
    3
  37377. Good one, Michael.
    3
  37378. The car is in great shape! I just got a 1997 SS 6-speed in the same color. Super fun! So the numbers you quoted on the 30th Anniversary cars are only for the white ones with the orange stripes, the white houndstooth and leather seats and the white wheels as a throwback to the 69 Pace Car. Every 1997 Camaro had 30th on the seats but the 30th package was RPO Z4C. According to a production breakdown someone made it said there were only 878 6-speed Z28 Convertibles. Most were automatic. There were only 317 Z28 Convertibles with the 30th appearance package and a manual transmission. Not bad out of 57,810 Camaros made in 1997
    3
  37379. Very interesting video! Different and a good perspective, much needed after today’s events. 😳
    3
  37380.  @MichaelBordenaro  Thanks for that, I agree with your perspective.
    3
  37381. Thanks!
    3
  37382. Full cash waiting for the market to crash 40% and jump right in
    3
  37383.  @MichaelBordenaro  Me Too !...Hopefully, Reason and Peace will prevail ...
    3
  37384. Yep, just saw a 100k price drop in Gainesville on a newly remodeled 2/2.5 condo. Crazy! And this thing is just getting started.
    3
  37385. Great video Michael.. rain sleet hail hurricane still doing your due diligence. When the tide washes out you can tell whose wearing trunks.
    3
  37386. There's this illusion that being a homeowner is building wealth but for most people your home keeps you POOR. Mostly because people buy way more house than they need. Not everyone of coarse but the majority of people.
    3
  37387. Instant gratification usually doesn’t provide true happiness, it’s more a momentary pleasure. I used to be impatient (probably still am in different scenarios) but IMO it’s the journey not the destination that matters. Taking a walk, if you’re so focused on getting to where you’re going, all the sights and experiences along the way are unseen. You make excellent points, Michael! Slow down, learn how to be in the now and keep pursuing your dreams, they’ll be that much more rewarding when you achieve them.
    3
  37388. Michael Bordenaro In MMA it’s sometimes a reference for wanting to do or accomplish something too fast, like a grasshopper jumping....
    3
  37389. 1st
    3
  37390. I’m not saying never but I still trash emails from recruiters for jobs in a population center. But that’s easy for me when I left dfw two years ago. I’m 51 with and IT job and no family. I just ask why in the hell would these fools throw money in a house with no job market thinking it was going to stay that way. I would call such a bluff with my FU money. So much for savers are losers. Regardless, there are some tech jobs here in Albuquerque. Even of I take a pay cut and drive 15 minutes to an office so be it. But I will never move to the ‘big city’ ever again. Costs too much money because of all the people puled up on top of one another. Miami is gentrifying at an alarming rate. I would cash out there Michael but that may not be as easy for Lizzy. Tell her hi. She was awesome in those California videos.
    3
  37391. Great video.
    3
  37392. I now have been forced to play the Miami vice theme song before I watch the show!
    3
  37393. What happens in 100 years when it’s under water? Serious question here.. Will Real Estate $ decline at a certain point in Miami? It’s insane how there’s no one around, strange. I don’t think you should stay in Florida though, its very 1 dimensional.. Western US has much more to offer..OR get a boat and explore the KEYS! Being out on the water makes the whole Florida thing worth it.. Wish the waves were better though.. I’m rambling now
    3
  37394. Betterment dies te sane thing eith their Cash Reserve account. They doubled their FDIC insurance to $1mil after they heard banks were failing.
    3
  37395. No sympathy for people who don't save for retirement. Those same people were buying new cars every other year
    3
  37396. I am from Switzerland. I lived in sunny isles in 91/92..so different. Nice video. Thank you.
    3
  37397. Never would have taken you for a rocker..
    3
  37398. You should make a video ranking the actual beaches, I would like to see a top 5 or 10 best beaches in Florida video now that you’ve been to so many of them
    3
  37399. I’d rather a temporary ban on corporate investment especially on residential property. The 30 day plan for foreclosures is awesome but I see investors finding loopholes. It takes longer than 30 days for loan processing and escrow to go through a lot of times. I just see a corporate investor working behind the scenes with the bank to make sure it doesn’t sell in the 30 days. I think banning the corporate investments on residential is the only way to level the odds. I’m not for government getting involved but they’re already involved when they’re in bed with the major corporate firms.
    3
  37400. In hindsight, it’s sad to see what the swamp did to this country. Everything was blamed on President Trump but he wasn’t the real issue. I’d still move to Florida. I just need to find a place to live where i want to live. Holidays are screwing all of that up. Hopefully by next summer. It’s funny you only had 500 subs during this video now you have 9k.You’re going the right direction.
    3
  37401. What camera did you use when walking around?
    3
  37402. Hey I hope you see my comment , would really love a reply but I’m living in Chicago and thinking of moving to Florida, closer to the airport that’s not in Miami , any good area ?
    3
  37403. Lived in Breckinridge for a bit back in the 80’s. Great little town.
    3
  37404.  @MichaelBordenaro  It most definitely was. Have had the great fortune of living in a large number really nice areas throughout the US. You are headed to CA as I understand and lived in several areas there over a 20 year period of time as well.
    3
  37405. My Mom bought a house in OakBrook Illinois in 2005 of October. She paid $650,000. She poured $100,000 in renovations. Real Estate market started to fall apart on 2006. My Mom passed away in 2010. We sold the house in 2017. It took us 4 years to sell. We sold at $530,000. We took a huge loss. My point here is that sellers are going to be shocked at their low ball offers
    3
  37406. Here in FT Wayne Indiana, its gonna b like 12 degrees , i miss Florida right now lol Even though i lived by Lakeland lol It wasnt 12 degrees 🙄🤷‍♂️
    3
  37407. Much of a rentals that come into market these days are new construction with rent prices ranging from 3 to 4k a month so I am not sure how a lot of people afford it specially in time of recession and high prices.
    3
  37408. AWESOME video!!! Love the combination of the desolate streets and eerie sound of the guitar. Perfect!
    3
  37409. Thank you so much!🫶🤍🙏
    3
  37410. Love your videos!
    3
  37411. I purchased a Bayfront condo in Miami in 2020 for $390k. I can now sell it for $575k. So glad I bought when I did. Also, keep the outside format. I really enjoy them.
    3
  37412. All terrific information . Thank you .😊
    3
  37413. You are right Blackmail will cause resentment
    3
  37414. Glad the address did not have a 3rd "6" in it. 😎
    3
  37415. Hey bro. Good videos. Been following you for months. I love how you give it straight for the “average Floridian”. Keep doing that please.
    3
  37416. ....Too much view of straight down the roadway! You should turn the camera at the houses more.
    3
  37417. Michael I never was high ! Just living on my liquid greens ! 🍏🍏🍏🥬🥬🥬 😆😆😆😆😆
    3
  37418. How does Orlando/Tampa compare to Dallas Tx
    3
  37419. Michael, you mentioned in one of your videos how much you thought was a good number to pay per month for mortgage, but I can’t find it. Was it 30% of your net income?
    3
  37420. Hi Michael.. very informative and honest. Keep up the excellent work. I am considering Moving to Naples on the west coast.. curious as to your thoughts on east versus west. Thanks Steve
    3
  37421. Nice video. Hey Michael. Did you get my email?
    3
  37422.  @MichaelBordenaro  thx. It was 2-3 days ago
    3
  37423. Wow Michael. Believe me it's happened down this way too, and in fact we went to Fort Lauderdale the other day and got caught in a downpour and were driving through at least two feet of water on A1A. It was scary.
    3
  37424. Enjoy 5 years on Youtube! Wishing more success!
    3
  37425. Just drive 15-20 minutes East to Panama City. Hurricane damage is still visible every square mile almost 2 years after “Michael”.
    3
  37426. Can you do this on smart phone or only computer ?
    3
  37427. I’m glad you’re presenting this type of video as well as the walking ones. I can second your comment about traffic Michael. Miami traffic can be just as nasty as that of L.A. I-95 is used as a speed race track. Make a quick sign of the cross as you get on it and if you’re not in an accident or victim of road rage, as you get off it, give lots of thanks 👍🏻. It’s very strange about Houston’s ... they have a prime rib French dip sandwich which is made in-house but not a prime rib cut of beef. Very strange 🤨. Lastly, I think you would do your viewers a disservice by only filming on the “glory days”. Reading comments, several viewers are using your presentations to make a decision to fly down to Florida to see if it’s right for them. If it were me, I’d be showing the “monsoons” as well. When my late husband and I were thinking of moving to Ft. Lauderdale, we came down in all four seasons (especially summer) to ascertain whether or not it was right for us. Needless to say that was 26 years ago (1995). I really wish it was still as uncongested as then but growth is inevitable ... sometimes not always for the best however. Back then, you could turn the calendar to November and brace yourself for the onslaught of snowbirds and count on them being gone the week after Easter and have calm restored but not now. 😞
    3
  37428.  @MichaelBordenaro  ... the Houston’s prime rib thing is an anomaly to me. 🤔. So when I have a taste for it, I head to J. Mark’s 😉
    3
  37429. I'm going to Florida in ten years when I retire. My kids will be spread out all over the USA so it doesn't matter where I live.. I wont see my kids more than a few times a year anyway!. So Im gonna do it.
    3
  37430.  @MichaelBordenaro  Well if the kids aren't around me(they have their own life) at all then why live in a prison home in IL. 6 months of rain, cold, ice, freezing -40 two weeks a year and more rain and ice. Then it's humid for 2 months anyway. I'm gonna try and find a small town 8K-20K size, 30 min from beach and build a nice pimped out place.
    3
  37431. Thanks for covering a topic I've been genuinely interested in for quite a few years. And in this case it's even a little more personally interesting. I'll be moving into the condo community right next door to that building in a couple weeks. I thought for sure that the spray painted lines indicated a plan to do major renovations. Guess not. Cheers.
    3
  37432. I LOVE my Ridge wallet. Been carrying it for 5 years and it has been washed by accident several times and still looks like new. Well worth the $$.
    3
  37433. I totally agree do not follow everyone’s advice.
    3
  37434. Great list!! Keep up the good vids... Subscribed!
    3
  37435. Agree with you on saturation
    3
  37436. this was awesome man....sorry about the camaro hope it cleans off...props to your gf for doing a great job holding the camera for ya!
    3
  37437. Not a bad list but can’t believe you didn’t mention Windermere not necessarily a city but one of the prettiest towns in Florida
    3
  37438. Cool video. Miami certainly doesn't seem to offer as much in apartments around that price as Tampa Bay does.
    3
  37439. You did pronounce the legal term (French word) correctly.
    3
  37440. Thanks for the info but why do you keep calling it The Palm Coast? It's just Palm Coast. Also, we appear to have opposite tastes. What you see as negatives are complete bonuses to me i.e. NOT being near a large city and well-designed, well-kept single-family homes. Sounds like heaven! Maybe The Miami is more your speed.
    3
  37441. The only thing that’ll freak me out more is if you stockpile ammo. It almost not worth buying right now but it’ll come back down
    3
  37442. Who would pay $25k a month or $10k a month in rent a average person can’t afford that only millionaires can
    3
  37443. Peacocks make a lot of noise early morning!
    3
  37444. Stay in touch!
    3
  37445. Yeah, that's about $100,000-200,000 over priced.
    3
  37446. I've lived in Florida since the early 1960's. Grew up in Ft. Lauderdale. That would have been a good city for your list. I'm older now, so the slower pace of life now agrees with me in Sarasota.
    3
  37447. people will not make their payments and wait for the sheriff to pull them out, this downturn is going to be much worse than 08 because people are way too soft today
    3
  37448.  @MichaelBordenaro  I'm looking forward to this content. I've been wondering the same.
    3
  37449. I'll be doing a work transfer from California to Florida in September. I'm an avid kayaker, hiker and cyclist. I've found and joined numerous groups for these activities on FaceBook and MeetUp. This is a great way to meet people and learn the area(s). Depending on your interests, there's probably a group out there.
    3
  37450. thank you for sharing! great info!
    3
  37451. Problem with renting is the lease expires and rent goes up.. what happens when rents aren't affordable?
    3
  37452. One thing that huge companies do, that saves them a ton of money, is they insure themselves or own the insurance company they pay premiums to. Any time they need money, they can take low interest loans from them as well, and when they go out of business, that money will find its way back to the owners and possibly stock holders.
    3
  37453. Buying an old mobile home in a leased property is dumb AF....
    3
  37454. GREETINGS FROM SAN DIEGO MICHAEL AND LISSI 🌴❤🌴
    3
  37455.  @MichaelBordenaro  Merry Christmas to you too,....and don't forget (of course you won't)to call Mom and Dad tomorrow.I am sure it is bitter cold back home and neither one will be going anywhere.
    3
  37456. Man ⛽ gas is so expensive down there!!!
    3
  37457. Did you ever get stuck in a flood with the camaro? With all of the condos on collins, how do people manage to get to their building without a jeep or suv? Great footage man! Soon you'll be doing news reports for CBS Miami.
    3
  37458. Really good video...imagine this.. a realtor saying this is a really time to buy a house..kinda like me (iam a electrician) telling people its a bad time to build a house and is a bad time to build...but the wealthy will always have the money to get what they want...hell ive got a lady thats gonna pay me to change the batteries in her smoke detectors anybody can do that..but she wants an electrician to do it..they'll be people buying and selling and theyll be building and remodeling.....you make really helpful videos....ps iam telling folks about you good luck.
    3
  37459. Enjoy this video and your other videos .I agree the architecture of these homes is great. Simple homes but with artistic charm.
    3
  37460. I (landlord) am in Vegas and just increased the rent with 3%
    3
  37461. I am currently living in Sonoma County, while yes the mountains, hiking paths are beautiful...it's the wine tasting, winemaker friends, discounted wines they give me. I am going to miss most. ;)
    3
  37462.  @MichaelBordenaro  Definitely, I've brought wine with me to Boise and to Mexico in my travel wine bags inside my suitcase. I will definitely be be visiting family/the wineries annually after I move to FL
    3
  37463. That’s just homeowner’s insurance. That doesn’t include windstorm and it doesn’t include flood insurance. Flood insurance just skyrocketed and tripled for people living on the coast last year! Yikes
    3
  37464. I wonder if you saw the story of the woman in St Augustine whose homeowners insurance went up to 36,000 dollars
    3
  37465. Congratulations! Is it common to see these types of situations in South Florida? I'm curious if we will start to see more of this in the coming years with the cash rich boomers invading South Florida and forcing the younger generations out, leaving us with an overall older population. Not to sound morbid but more and more of the population will eventually be passing away or needing to sell in order to move into assisted living facilities.
    3
  37466. How is red tide on the west coast?
    3
  37467. Happy Tuesday Michael and Thank You! Hope you had a great Birthday!!!
    3
  37468. A I Girl pal..creepy. im sure sombody is gathering info about you as you pay to interact
    3
  37469. Got it Michael don’t hold the bag!
    3
  37470. Thanks for the research I like that video makes me more excited about being able to live down there
    3
  37471. Great video!! I love your walking tours showing the beautiful South FL homes. Im in Central FL thinking of relocating But. I would love to see more videos of your thoughts on sea level rise. I think about that a lot and to be honest its seems almost like a sure thing.
    3
  37472. Yes, things are bad. There's no question about that. However, has anyone been to the cassino lately. Those things are always busy. There are no signs of inflation in those places. Go figure 🤔
    3
  37473.  @MichaelBordenaro  oh okay. There's a European Village in between St.Augustine Beach and Ormond Beach.
    3
  37474.  @MichaelBordenaro  Waow Thank you very much Michael, it's like an Eden such a wonderful place!
    3
  37475. My sense is - and you should check - that in the past what the housing market has not crashed (except in 2006-2009) - but stopped rising and stayed pretty much the same prices for long periods. Every situation is different. Especially now as we have seen falling interest rates for some 50 years now - from 14% mortgages to 2.5% 30 year fixed rate mortgages. With the general shortage of housing in the US, any correction could be minor, but hopefully the years of double figure increases are over.
    3
  37476. Perfect crossover
    3
  37477. First thing that came to mind when I saw that condo was Golden Girls:-)
    3
  37478. The creator gifted us with a bountiful and beautiful planet indeed. But this planet was hijacked by malicious beings, don’t let them feed you with lies, anger, depression and fear. Shut your Te- lie—vision. don’t listen to the sublimal garbage on the radio, guard your Mind and go outside to enjoy the sun, flowers and trees, the beach, reconnect with the true Creator! I felt like I was walking with you on this beach Michael! Thank you for this video I love it.
    3
  37479. Yes, I think that the midwesterners are the nicest people! Glad you got to have that wonderful meal in Des moines, and got your Jeep checked out and that all is ok. Will be very curious to see how your trip unfolds, as you continue west. I hope you make it to San Diego, so we can meet and I can take you guys out for a meal. I have recommendations of things to see in San Diego! :-)
    3
  37480. LETS GO OCALA
    3
  37481. Am watching from Jamaica. And i always learn from your videos thanks for sharing your expertise
    3
  37482. In Florida you don't need electricity. Forage off the land. Get off the grid. Spear fish for food. Sleep on the beach during low tide.
    3
  37483. 10:50! My island! ❤️
    3
  37484. Will you be able to tell us something about the Naples, Florida market in today’s market? Thanks and we’ll wait for your response. Thanks again
    3
  37485. 🥇 again
    3
  37486. Winter is right around the corner. My wife and I have been discussing leaving Illinois. Its been a long term type of conversation. We're in a great spot, both of us inherited a house. We have one we Airbnb and the other we live in. Were thinking we can sell 1 and have plenty of money down on a home in Florida. Then have someone manage our airbnb property so if we want to visit Il we have somewhere to easily go for free. Our son is now 2 1/2 and my whole thing is if we don't move while hes young, we'll never get out of here. We also feel like theres nothing here for us and the way this state is ran is just a whole terrible topic of its own. My wife is a registered nurse and Im a plumber of 18 years so I don't think finding work will be an issue. I feel like years down the road our son will be much happier than living here. It's almost that time. I'd like to make our move by October. Also, my mom, grandmother, Aunt, niece, nephew and 2 cousins live there. Hopefully we can commit and just do it!
    3
  37487.  @MichaelBordenaro  i had to drill out some holes in my ibanez when installing them, luckely it doesn’t show after 😊
    3
  37488.  @MichaelBordenaro  lol so true! None Of them has to drill 😂
    3
  37489. Michael, I enjoy your videos. This is a very nice neighborhood and it is great to be able to take a tour with you and get your insights on living in the Miami area. I also appreciate your positive energy, keep up the very good work!
    3
  37490. Hi Michael are you in northern miami beach?
    3
  37491. 👍❤❤❤
    3
  37492. Thank you for this video. We have lived in Florida for 2 years now and are always looking for new places to go visit around the state. Funny you included it but we have also planned to visit The Villages!
    3
  37493. Congrats Michael!! Please add Fort Lauderdale and Clearwater. Thanks!
    3
  37494. Why don't those high-rise buildings there in Miami have fire escapes like I see in New York City?
    3
  37495. In my opinion, the whole city Miami is not normal. Probably has the highest incomes inequality gaps in the country. When I visit Miami, I just enjoy windows shopping of all the luxury (believe me, it is still much better than socialist countries where everyone are equally poor).
    3
  37496. Thank you for the response ! the video format is awesome like one of the Netflix documentaries. The subject seem very suitable for this format, can’t wait to see your next one.
    3
  37497. 👍👍👍💯💯💯
    3
  37498. the McDonalds Monopoly thing was fixed. They did a documentary on it.
    3
  37499. How much dose it cost to live in Florida
    3
  37500. 1st
    3
  37501. Hey Michael what about Vero Beach, my wife and I we are planning to move to FL in 2025, we live Deerfiel Beach but we cannot afford a house in that area, and thank you for your videos..
    3
  37502.  @MichaelBordenaro  thank you Michael..
    3
  37503. The dream team. Thank you for making these
    3
  37504. 😭
    3
  37505. You need to break out the long board and catch a few. Back when MTV actually had music, Daytona was pretty fun. I was young then so it was lots of fun let’s just say. It was a little hectic in Daytona but nothing like that in Miami. Its a different crowd now so if it wasn’t for the loss of revenue during the year, if I was the mayor, I’d end it.
    3
  37506. I love watching your videos. Thanks for the great content! September 22 is my last day in Vegas. Hubby and I just bought a home in the West Coast of Florida. We decided to rent out our home in Vegas. I love Florida and I can’t wait!!!!
    3
  37507. Michael Bordenaro Thanks 🙏🏻
    3
  37508. YES!!! :D Please do a part 2... and 3 and 4 and 5 and more! I love to walk all the lesser-known streets away from the over-filmed Ocean Drive and Collins Ave.
    3
  37509. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for today’s video. For some reason I really enjoyed this one a lot. You have a nice karma to you and it shows. I’ve been flipping homes in the Nashville area for almost 20 years and my last one made me over $335,K. So I no longer have any real estate in Tennessee. I was really studying the Clearwater area about 2 years ago and I just knew that it was a great time to buy. I told so many friends and family to invest there and also Tennessee but no one listened. I was just wondering if you are up to date on the Clearwater area? I follow it as much as possible but was wondering if you happened to know something that I don’t know? Would love to hear your input as I am in the process of selling my restaurant in California and will have a nice chunk of money to invest with at the right time. I have been a subscriber for a while now and watch your channel every day. Thank you for what you do I know that it takes time and money to create these videos for us,So Thank you for that. Have a great weekend and Blessings,Sir Carlos Music BMI ✝️🙏❤️😊❗️
    3
  37510. FED will be dovish and people are going to forget everything so don't worry, be happy 🎉
    3
  37511. Speaking of visiting for the first time... when you moved from Illinois, did you visit florida cities first or did you just research online and move sight unseen (without visiting)? How does one rent a condo without visiting first? Im a dual citizen in Canada and I researched cities to move but with things in Canada slipping into craziness(vaccine passport) Im wondering if I should just pack up my cats and things and just GO. Sight unseen. Most of what I own can fit in a small trailer. No kids either, just cats. No family. If i visit Florida before moving, Im not sure Canada will let me back in to get my stuff upon returning from a research/scout trip bc they are obsessive about 14 day quarantine and Ive heard the feds here are forcing people against their will from toronto airport straight to the govt hotels without telling anyone. Should I just up and go?
    3
  37512. What's Florida man, I heard everyone is crazy
    3
  37513. I been in Lantana and I like it 😍
    3
  37514. Your right.... Im an aspiring film maker and writer. I'm hoping to do good here.
    3
  37515. You know, I'm a little disappointed. I would have thought after hundreds of videos, thousands of hours of live capture in the Florida area, I would have seen evidence of at least 1 bath salts zombie. Why do I bother getting up out of bed everyday?
    3
  37516. I found a 1 bedroom for $850 on St Augustine beach and for $750 on Atlantic beach
    3
  37517. Saint Augustine rarely gets hit by hurricanes
    3
  37518. Awesome I watch you both! 🎉
    3
  37519. How to connect with you.
    3
  37520. That looks like a beautiful neighborhood. Great video as always!
    3
  37521. Sounds like 2022 = awful time to have bought a house or to buy a house. 2023 and 2024 look better for future home purchases. Drop out. Watch and see. Let the housing prices crash!
    3
  37522. Inflation doesn't help either 😕 lol
    3
  37523. It is our go-to beach since we moved here Clearwater's too congested we're not tourists anymore
    3
  37524. Great video! Thank you for all information
    3
  37525. Glad it was helpful!
    3
  37526. Ummm…Michaeñ…SVB is mainly money relating to “ venture capitalists”. If they are venture capitalists being made whole despite being non insured? Aren’t they in the business of risk? I can’t recall when venture capitalists actually shared when they won their bets.
    3
  37527. I wonder how much viagra is sold down there.
    3
  37528. After seeing the bear market run on the stock market that lasted for I think 11 year 2010 to 2021 I am convinced that the stock market had no connection to economic reality it is based on investor sentiment I worked as a trader and market correction was way overdue I have no problem with market correction when considering the gains from those years the stock market is just not predictable in the short term as a trader I saw people lose alot of money trying to do that it is a long term investment product 20 or 30 years
    3
  37529. Yep, I had to escape Ca ideology. Thank God for Florida. I saw your video about visiting Ca, and I was shocked that you hadn’t heard what was going on there, but maybe where we sit in Fl it’s hard to imagine that this could be happening in our country.
    3
  37530.  @MichaelBordenaro  Amen!!
    3
  37531. Glad you brought up the topic of weddings. My daughter and future son inlaw want this large wedding with no plan on having all the money by September which is the wedding month. Going to need a miracle and a prayer at this point
    3
  37532. Well it’s technically $1000 for him
    3
  37533. Go to Boulder to stay. Estes park is nice.
    3
  37534. This is the new social credit score that is coming. It starts with the big “life events” then it’ll be each post of your social media pages. How woke are you? How much did you donate to the “correct” charities or causes? This has been happening in China since 2018. Type in “China social credit score” on YouTube. Scary stuff.
    3
  37535. They need more taxes for the Homeless Industrial Complex similar to the U.S. Military Industrial Complex. That tax money for the homeless is most likely squandered on fake social services and people and politicians who steal it. They're never going to solve the homeless problem by throwing billions of dollars towards it. Its getting much worse with all this money being thrown at it.
    3
  37536. Are you still doing Real Estate
    3
  37537. Yep..the hotels call it Residences. I would also say hotel rates are absolutely insane. Hotel rooms that I used to sell for $350..are now like $899. The $899 rooms are $2k. It's absolutely ridiculous and I have no idea how people are affording this. I just shake my head in disbelief.
    3
  37538. No housing crash coming... take a look at the car market, 300% increase.
    3
  37539. I live in Pittsburgh PA and about to transfer to Orlando for work. Very nervous about it. Lol. I would love any advice you can give me!
    3
  37540. Great video.
    3
  37541. Have to get out of CA which I'm born and raised because the Democrats are turning it into a communist state. Vaccine mandates. Masking our children. It's a complete shit show here. People are insane! It's gotten depressing. I want FREEDOM!!!!!!!!!!!
    3
  37542.  @MichaelBordenaro  you got that right and what a shame. CA has the best weather not to mention it's beaches, redwoods and beauty. I hate to leave but I literally have to
    3
  37543. Keep it up....love your videos with this calming style of talking to the audience
    3
  37544. What about Boca Raton? That's the city i'm seriously considering moving to (from Michigan)
    3
  37545. Creepy ^^
    3
  37546. The Federal government released $Billions to the states to pay back and future rent, with the intent to make landlords whole. The application and administration has been a little burdensome and release of funds to the landlords has been slow (not helpful when the landlords still have mortgage payments to make w/o any mortgage relief). Hundreds of millions was released to FL over the past year, but I just read today that only 2% of these funds have been dispersed to landlords. My tenant in my one rental unit got furloughed from his job for two months back in Spring 2020, but still received partial salary and continued making full rent payment. He had sufficient savings so the furlough was no problem. He was concerned that he was going to get permanently furloughed and was ready to just retire earlier than planned.
    3
  37547. woa. You're living large Michael. $6 for one empanada? Yikes. LOL
    3
  37548. What's the pay like for truck drivers or asphalt ect
    3
  37549.  @MichaelBordenaro  my company is allowing me to transfer down there in Tampa area... I'm hoping not to take a massive pay cut... they are personally unsure of the pay... all the results I've came up for pay is horrible and makes me slightly nervous honestly
    3
  37550. I left California in 2017 for Europe. Now I am thinking about returning and perhaps settling in Florida....Is FL a good place for artists?
    3
  37551. Wow this is super cool! I just checked I got an 805! I’m very happy!!
    3
  37552. Once Lol I was in the military moved every 6 mo by them settled in one area for family changed homes 3 times now retiring and moving to Florida in 6 mo!!!
    3
  37553. A home 1 mile away from me sold for 700k n 3 months ago it was 535k, 3 bedroom 2 bath who in the right mind can afford a 4700 payment,the home in 30 years is 1 million in interest, do we call this investment
    3
  37554. Do you have an email contact for questions?
    3
  37555. Michael Bordenaro I’m relocating to Miami this summer with my family and you had mentioned you’re a realtor? Do you have an email or contact information for potential clients. Thank you
    3
  37556. How about hurricane? Witch part is safer?
    3
  37557. I hope things go down.... I want a chance...
    3
  37558. That’s exactly how I feel
    3
  37559. A freind of mine just moved there and he is having a blast. 9 PM party is over I guess. Old people get up early and go to bed early.
    3
  37560. Govt should be proactive. THEY caused this, also in 2008!
    3
  37561. I hear ya about the people who live down there are not too friendly to New Yorkers but my experience going to Florida from the mid 70's (when it was really nice) down to Lauderdale, Boca, St. Augustine, I found many, many people that live there are New York transplants. Thought about moving down there but between the traffic, rude drivers and the cost now is way out of the ball park. My girlfriend who lived down there back in the mid 70's had a 1974 Corvette and her insurance with collision was $300.00 a year! Can't do that today. So I will fly down (with my wife who was my girlfriend at that time) just to visit and stay up New York State and enjoy the season changes, my beautiful Granddaughters and enjoy life! Thanks for the information.
    3
  37562.  @MichaelBordenaro  yes I did enjoy the video. Do miss the beauty of Florida though. It was really nice though back in the 70’s. I’m also a musician.
    3
  37563. Here, here! It's high time for these illusionists to stop playing and lying to themselves. I'm waiting this out! Here in Houston 10 years ago a home I was interested in sold for $49k right now it's $250 and it's a 3/2 nothing special at all, built in 1979. lol
    3
  37564. 6000 ? Triple it..
    3
  37565.  @MichaelBordenaro  So I'm from Canada and live in Canada (never left aside from many vacations) and I was in a "grass is greener on the other side" mood that day, so I was watching Cali vids cuz I've always been drawn to it, but now that I've watched so many of your vids I realize that FL would be much closer, "easier" and cheaper. Haha! ;)
    3
  37566. That's what happens when you try keeping up with the imaginary JONESES.....................
    3
  37567.  @MichaelBordenaro  I’ll send you the listing next time. It’s Miramar tower two jensen beach three bedroom pristine condition. Follow me on Instagram and I’ll send you my info shana westhoff
    3
  37568.  @MichaelBordenaro  can you do a video on where to buy air b and b’s
    3
  37569. Still in California ? Yes assumable loan, VA, is but the new buyer must , live in the HOUSE.
    3
  37570. Do you have a lot of gators in that area?
    3
  37571. Is our MICHAEL safe and sound from the storm? Give us an update...
    3
  37572. Looking forward to catching your videos from California, enjoy!
    3
  37573. Bruuhh... Easy over 1M they could sell it! Nicely done!!
    3
  37574. You make the best Florida videos! Thank you, I hope you get to were you want to be with your channel one day Michael!😎🙌🏾
    3
  37575. You’re welcome Michael. Yes, that’s the best way! Looking forward awesome walking and house tours, and Florida lifestyle videos!!!😀
    3
  37576. "NOTHING CAN STOP WHAT IS COMING".
    3
  37577. I think your dad will end up in Florida living near you.😊😊❤️❤️
    3
  37578. Michael, native Floridian been living in California for 25 years trying to get home… Watching your videos, but hearing how you’re struggling with handyman, do they not have “task rabbit“ in Florida this is an amazing app that you hire people off of that was actually started by IKEA. My husband does this as a side hustle, you can hire people by their metrics by their ratings from people that have hired them. Check it out
    3
  37579. I will not buy. Sellers are delusional. Sellers are doubling and tripling the homes they are selling. The Reno NV market where I live has too many Californian buyers. They sell dumps and buy decent homes for 700k and up. Goof luck!
    3
  37580. Yo!
    3
  37581. Mike, your eyes are very green in this video.🤩😂
    3
  37582. Yes, hahaha. The DD box with great donuts is so cool. I like DD's coffee a little more than Starbucks. Hahaha. And I worked at Starbucks part time a long time ago. The breakfast sandwiches are really nice with coffee. Anyway, thank you for your video.
    3
  37583. Im making 25 an hour now and i bring home no more than what i brought home 6 yeas ago when i made 16.
    3
  37584. Always buy physical gold and silver. Don't buy paper gold ETFs or crypto gold. If you can't hold it, you don't own it.
    3
  37585.  @MichaelBordenaro  I also really enjoy the calmer beach waters, another good point.
    3
  37586. Wow the picture is clear it’s a treat to watch this . I’ve been busy so I’m going to binge watch all of your videos on my new tv.💐💐
    3
  37587. 10% over history has been a great economy. Back when rates were 10% on homes folks with savings got 6% on normal savings accounts.
    3
  37588.  @MichaelBordenaro  yeah I live on wealthy long island. Tons of Karen's here. Especially in the Hamptons all along dunes Rd. They all act like Alec Baldwin's wife. She is a big Karen here
    3
  37589. One of the best...if NOT the best, , Father/Son vids I've seen. Tough subjects really handled well. Regarding the mural on the wall: This is serious Cipollate Catanesi...bust out the Chianti and pat yourselves on the back. Mike...your trip out West and back is going to be epic! Great, great stuff!
    3
  37590. Hey I love your page and the information (GEMS) you give and how you and enlightening younger people like me thank you!❤️
    3
  37591. Great info! 1) Increase in mortgage rates + 2) the fact houses shot up 40% in price the past 12 months. Add 3) the coming recession for high-income earners and 4) thousands of houses being built, and 5) lots of leveraged landlords, and, finally, 6) losses in the stock market.:face-pink-tears:
    3
  37592. At this rate not paying insurance is equal to cost of paying for repairs out of pocket.
    3
  37593. Great video man! Does it flood in that area a lot I may have missed it in the video?
    3
  37594. The economy is going in the crapper, and the flippers will be stuck with a depreciation assets
    3
  37595. Learn how to turn your stress to your strength and turn your fear to your force. You now can conquer your fear. Be mindful and be happy!
    3
  37596.  @MichaelBordenaro  Impressive! The cost of living is a steal. It’s less expensive then being directly on Lake Michigan... where it’s freezing for 4 months a year
    3
  37597. Walking the neighborhoods love it!
    3
  37598. Don't live there but everytime I go I don't want to leave! I think the weather, outdoor lifestyle, and fresh food would be huge game changers.
    3
  37599. I repeat…military was the decision of my life! Retired at 39 after 20 years and get two checks for the rest of my life! I make over 200k! My current job I declined the 401k and the goal is to have 2 properties paid off! One to live and the other will cash flow! Worst case I’ll have 8k passively coming in before social security kicks if it’s still available!
    3
  37600. With the skyrocketing cost of rent, yes there are plenty of apartment and condo rental websites but if you don't have three times the income of the rental cost, a good credit report and a clean criminal background record, then you're SOL dude and better start looking for the nearest cheap motel.
    3
  37601. You are correct in comparing the price of gold per ounce to the cost of houses.
    3
  37602. What a great video!!
    3
  37603. Good video. Thanks to Gina, too. toronto canada.
    3
  37604.  @MichaelBordenaro  I just got back from there today. Went up for my birthday weekend. It was beautiful all weekend. This morning there was a cool breeze and low humidity
    3
  37605. Great opening statement. People are stupid.
    3
  37606. Great video I was just talking to someone about this.
    3
  37607. is live in california
    3
  37608. Do the condo buildings generally have generators, or somewhere where residence could keep a personal one. In case power does go out during a hurricane?
    3
  37609. Thanks for the video! We bought in Satellite Beach last year (under 300K). You mention that a metal roof is the best to have in Florida, why is that? I heard they need some maintaining....shingles you slap on for 20-30 years.
    3
  37610. Thanks Michael. Enjoy your videos very much, look forward to them. And I listen to George too 🙂
    3
  37611. WORD
    3
  37612. This was a great video. Very helpful, thank you.
    3
  37613. Thank you Michael! Love your vidoes. I’ve been looking all around Florida the last couple of years to find a place I feel is a good fit for me. So far, no luck. Heading to St Augustine end of September. I know you love it there, curious of what neighborhoods you found to be the best? (And somewhat affordable). Thank you 😊
    3
  37614. Here's a fun fact. The Spanish settler Juan Ponce De Leon the one who founded and gave Florida its name was also the former governor of Puerto Rico. Matter of fact their is a city in Puerto Rico near my mom's town of Peñuelas called Ponce(named after the same guy that founded Florida) in the south of Puerto Rico. Just a little history lesson.
    3
  37615. Totally agree boss!
    3
  37616. Love this video. I’ll be renting for a while to get familiar with some areas before I commit to buying. Request a one bedroom version and west coast versions (1 and 2 bedrooms).
    3
  37617. I KNEW y'all would do a Collab together one day. I'm subscribed to both channels and appreciate y'all's videos!
    3
  37618.  @MichaelBordenaro  I actually DO still have it. I just need to look at it to see what it is worth now. :-)
    3
  37619. Great video 😁
    3
  37620. Great video Michael I hope you will help me to get there in the near future
    3
  37621. Sincerest condolences to all those who have perished in the building collapse and trust that those who have been injured and rescued will have a speedy and full recovery. Our thoughts and prayers and with their family, friend and loved ones.
    3
  37622. 😢​ @MichaelBordenaro 
    3
  37623. Digital currency will happen because the government wants more control over money and what you use it for .... crypto will be banned and only the gov will have theirs for transactions so they can tax every last cent Gold and silver may be the last way to make private transactions.
    3
  37624. Michael, It it so important for 1st time home buyers to have their Realtor require the seller pay for a Home Protection Plan for the first year. I had for 3 years, then I added it back about 15 years later as my PUD Townhouse was getting up there. I had a slap leak, 2 wall leaks, microwave break, new water heater, 2 new garbage disposals, toilet issues, new water pressure regulator ($100) service fee - you can add multiple issues on one service call as long as it’s all like plumbing. So I saved $$$ having the insurance. Average costs $550-800. Pool extra
    3
  37625. I like this gentleman’s channel 💯👍🏻
    3
  37626. Gov made this problem by printing money and buying all these mortgages. The solution is stopping the interference in the market by government.
    3
  37627. Wow, those houses are small. And most w/o a garage or a 1-car or 1.5 car garage. Back in 2010, a partner and I purchased a 2800 sf single-family home w/ a 5-car garage, workshop, large utility room, built in 1962, north of WPB, on 1/3 acre corner lot, three blocks from the ocean and great beach from the original owner for $180K. We put $20K into it in the first two months, then the partnership fell apart, and I sold out at a $20K loss. It's now worth $600K!
    3
  37628. Well every year in Florida you have hurricane season right? Or tornados every year !! But the weather is good ….
    3
  37629. Another awesome video. You have turned into my “boots on the ground”.
    3
  37630. I want to move to Florida but my dad doesn't cause the hurricanes
    3
  37631. Michael Bordenaro , thanks Michael.
    3
  37632. Not only was demand driven by low rates but the additional work from home/COVID migration factor. The pain will come if anyone that bought in the last two years needs to sell as they'll probably have to bring considerable money to the table to close. Short sales may return.
    3
  37633. Thanks so much!
    3
  37634. Come on over to downtown Oakland. See some real crazy shit.
    3
  37635. I loved that McDonald's game. It was out again about 10 years go
    3
  37636. The best area ever <3
    3
  37637. Greetings from Washington DC!
    3
  37638. Insurance rates and new tax rates...
    3
  37639. By any chance do you know what this property cost back in 1991? A condo like that so close to the beach with that view 🤩. I bet the owner is happy to see what is worth now since they bought it back then.
    3
  37640. 2:00 I love how cool a customer this guy is
    3
  37641.  @MichaelBordenaro  Me three 😅
    3
  37642. Hoa home owner associations are all about the people that run them. I used to live in a condo and our fee was 50$ a month. 28 units. We replaced structures and got a new roof and painted in the 15 years I was there without any assessments. The hoa association was run very responsibility. I would say People are probably stealing! . Think about it, 28x50$ is 1400 a month x 12 is 16800$. That’s a boatload of money. 16800x3 years is 50,000$ . X 5 years is 84000$. Just think about it. Plus the hoa people were voted onboard. They were people who lived there. They took no pay. That’s a lot of money to care of most anything!! For a building the size we had. The condo boards are not run properly now.
    3
  37643. Hi Michael. You are the best..! Thanks for sharing the housing market analysis and financial and pricing opportunities. I do believe that’s the house market values and prices are the most important for the buyer…..because everyone is not buyer over price/ under value for their home…
    3
  37644. Thanks for the info Michael. I will follow you now from now on. Do you have also a 3 bed 3 bath on a high floor waterfront similar to what you showed here?
    3
  37645. You never hear about this happening in non-beach environments. Or do you? 🤔
    3
  37646. Michael, I'm 60 and many times I think how fortunate I was to come along before computers and cellphones. I never got too attached to them. Don't care if they disappeared tomorrow. I would say that I bet just making a vlog like this would relieve your stress, just to talk to us!
    3
  37647. Here's what is going to happen. In your area, if houses sell easily, the % commission will go down to 4%. If your condo building units sell easily, same 4% paid by seller. If hard to sell neighborhood or condo building, then 5 or 6%. End of story, this is not a big change.
    3
  37648. The average Florida summer temperature is 95F outdoor and higher in direct sunlight. Most residents stay indoor during a day or don't leave their homes until late afternoon. I didn't understand it until I lived in Florida for couple of years. First year the heat, humidity, burning sunlight and frequent rain was just annoying. The second summer the climate became more difficult for me. The third summer it became unbearable. I left the house only early in the morning and in the evening after sunset. Most of the day I stayed at home. The climate can affect your health. You need to protect your eyes, skin and head. Heat stroke can kill people. You may get skin cancer, eye cancer or cataract in Florida sooner than at any other place in the US.
    3
  37649. Correction to home prices is spot on. Everything is currently artificial and we are starting to see a slow down compared to a year ago. It is all relative in time and you need to take a 35k ft look at the market.
    3
  37650. Good video. Cheers
    3
  37651. a shirt with sleeves and a collar 🤯😵! I must admit to save money I don't run the clothes dryer... I have a rack in front of the wall heater! The cost of living in CA is unreal1
    3
  37652.  @MichaelBordenaro  You are welcome.😜
    3
  37653. This is also a very nice neighborhood. Thank you for the message, its always clear and not full of malarky. I think that Americans need a raise otherwise the American dream is dead. Also, refinancing is not cheap even though a lender can include the fees as part of the refi... people borrow more to pay less.. does not make sense.
    3
  37654. Good information, thank you
    3
  37655. I still don't understand why I need to have money to give the bank 20 percent. I'm tryin to borrow 100k plus. I want yo money. How am I gonna keep the lights on and such if I give the bank thousands. If I wasn't able to make the payments they'd be 100k plus in debt. Hard to get a credit score when I don't borrow money or get it paid off super quick. Love your videos.
    3
  37656. Your vids are getting better and better! Thats basically what I pay in UK for some crappy apartment. :)
    3
  37657.  @MichaelBordenaro  Seems u live in Paradise ! Always liked the ocean but in EU we have Spain or Italy, France but issue is not much work for engineers.
    3
  37658.  @MichaelBordenaro  Well I can always try hitting to Florida :D Applied for green card so lets see ^^
    3
  37659. How about ford lauderdale
    3
  37660. The housing market goes up and down, period.
    3
  37661. Good job Michael
    3
  37662. NY is in the 30’s that’s y I’m moving to the woods less traffic.
    3
  37663. Yes it a lot lot worse!
    3
  37664. After working for a S&P500 Mega Co. for 30 years I saw how fast these corporations can change a policy and drive their workforce to leave. It is an UGLY tactic... but that's America. Government employees are sheltered from these tactics because they live off the taxpayer dime... while we get destroyed.
    3
  37665. Starter homes are $650,000 now.
    3
  37666. $12.5m and not even underground electric.
    3
  37667. Quick question, when will super points add to my account? It's been 5 days and I don't see any points added and the product isn't shipped yet. I purchased through Seller: Dell from Rakuten.
    3
  37668. Michael Bordenaro Thanks 🙏
    3
  37669. I wonder if any owner he features ever watches these videos and gets offended by Michaels comments.
    3
  37670. Another good one Michael. Just what we needed in American is to keep family now from spending time together. 😢 Crazy, crazy world.
    3
  37671. Largo Florida is worth a look.
    3
  37672. Mike, these are great videos. I was wondering if you could do an east coast, large pet friendly version? We have been looking for a year now to make a move, only to keep getting disappointed that most wont allow a 75 pound Black Lab dog. She is the sweetest dog, but most only allow little dogs if at all.
    3
  37673. Oops I didn’t know this was from March lol
    3
  37674. Michael Bordenaro thank you
    3
  37675. Belvidere Illinois huh - what a dramatic change in culture. Midwest is hustle and bustle, south Florida is laid back. In the future, every Real Estate transaction should have the word - "Subsidence" in it. Sinking is too traumatic for the sensitive audience.
    3
  37676. The FED is under pressure to speed up rate increases, cash buyers know prices will relent, so a perfect storm is coming. Inflation and the threat of a recession, ineffective government, declining GNP, absolutely sit this one out if at all possible. BTW, ARM's???? Some people will never learn.
    3
  37677. Always enjoy your videos very smart and realistic
    3
  37678. Omg that 5 mil home front yard 💯 looks like a trailer park! Gtfoh no way he is making 800,000 on that
    3
  37679. Sunshine is the best disinfectant, uncover the car and leave it outside. Can you go to the beach early morning like just at sunrise?
    3
  37680. Hi Michael. Can you tell me how are rental agents paid in florida ? Here is NY the owner pays the brokers fee.. i see that in FL the owner pays the fee. Do rental agents make good money? Or agents working at the leasing office? Thank you
    3
  37681. Always look forward to listening to your videos, Michael! As an agent for 19 years in New Jersey, what you say is always spot on. Thank you for taking the time to post all your informative videos. Best, Angela
    3
  37682.  @MichaelBordenaro  oh noooooo that is not what i wanted to hear!
    3
  37683. I found this video 100% pure quality, really enjoyed this chat. On the pan handle side, if possible I’d highly recommended to visit the beach in Navarre (26 miles west of Destin) as it is way less crowded than Destin and also I found the water to be more greener than Destin.
    3
  37684.  @MichaelBordenaro  Definitely, you’re right about that. I’ve thought about this topic so much, lol. Great job as always!
    3
  37685. Question? Michael is June 17th the official start of homeowners policies in florida😊.
    3
  37686. According to government statistics, about one third of Americans families make over 100 thousand dollars a year and can afford to buy a home. That really means that two thirds of Americans are to poor to afford a home. Of course there are lies, dam lies and statistics. In reality...it is probably that only 25% of American families can afford a home today, and that 75% of the people in this country are too poor to have a house. This is just sad. All the best.
    3
  37687. So interesting, is a business model
    3
  37688. Where are all the foreclosures if 46% can not afford they monthly payments? It's all gonna crash one day, just not today.
    3
  37689. Thank you for the video 🤣👍🏿🙏🏿
    3
  37690. Thanks, Michael!
    3
  37691. This is what happens when everyone wants to do the same things and be in the same place. My brother lives in Owensboro Kentucky, who??…yes exactly Owensboro Kentucky in the middle of nowhere in my opinion. But they have all the big name necessary stores and markets for living. His home was $107k for 3 bedroom/1bath with a barn and shed in the back. No one wants to visit or live in that small ass town. Welp that’s why it’s $107k and not $450k
    3
  37692. it's 2021! who doesn't use GPS these days? ha ha
    3
  37693. Show us the renovations and want to see the partial view
    3
  37694. Thanks!
    3
  37695. Good for you Michael. 🍾⭐️👏
    3
  37696. When summers over and the kids go back to school, look out for the cliff. Unless the fed starts lowering rates...
    3
  37697. This is the most manipulative field in the USA because of the amount of control that banks bosses desire. A crime against Americans. Even construction materials are frauds. Wooden home? Are you human or ?
    3
  37698. I love the videos you post about real estate in Florida and since you are a realtor it makes sense, but it would be awesome to see some videos about the activities that people can do while they live in different areas of Florida. For example, you could make a video about the best place to snorkel in different areas of Florida or what the best beaches are for people who have dogs, etc. Of course videos like these already exist but it would be cool to see what you have to say about it since you have such an awesome vibe.
    3
  37699. Cali has the best weather sad it’s run by corrupt ppo
    3
  37700. Thanks, Michael!
    3
  37701. There will be softening in Florida. However, I suspect it’s become a rich mans play ground. Figure on five (5) years before things return to normalcy. Expect older condo buildings to continue to be torn down and rebuilt with luxury million dollar condo’s. I doubt Florida will be depressed very long. You can expect a slower economy with Socialistic/Karl Marx ideology and continued federal government regulations. Unless we are energy independent and have a strong military, you can expect a sluggish economy. Biden is the problem but people have not realized it yet. Florida is a beautiful state, your leadership is tops. I hope your don’t lose DeSantis to the Presidency. There is pressure on him for the national stage. No matter what happens,Florida is very much in demand. I think you are going be very surprised how fast it will bounce back. Floridians are tough and real fighters!
    3
  37702. Hey Mike. I’m also looking at the houses around my WPB area, and most of them are overpriced at the moment. How long do you think crisis with housing inventory and price hike will last?
    3
  37703. ...once the “eviction moratorium” cancellation gains traction, it will free up lots of housing as the landlords (who have not been able to get rental income for well over a year) just want out of the biz and want to race to get top dollar while the market is hot.
    3
  37704. Is it difficult to find reasonably priced contractors/skilled labor if you buy a place that needs to be updated?
    3
  37705. really cool content Michael Bordenaro. I shattered the thumbs up on your video. Maintain up the first-rate work.
    3
  37706. Of course you always give us great advice BUT WHY Do You have to show off your beautiful location with surf and sand and awesome weather. It’s just not fair! Thank you Michael and have a great week. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  37707. What I think is, we will be lucky if it only goes to 2012 housing prices. Maybe it will bounce like the early eighties. That could be optimistic also. It could be worse than that. I just hope we don’t get into a nuclear war.
    3
  37708. Couldn't agree more! Breaks are so essential to our mental health. Great word of encouragement thanks.
    3
  37709. We got mobile homes going for that in southeast TN. Its not free money if its a return of taxes you paid. If its a refundable tax credit similar to the federal tax code then its free money.
    3
  37710. 🚽🪠 has anyone else noticed that businesses are letting their general maintenance go down the toilet? I've noticed that at few places I haven't been in a few months, and just recently visited, still have unfixed maintenance issues such as stalls being out of order. Seems they don't bother to fix anything anymore.
    3
  37711. I sure hope Don Johnson here finds an affordable home soon ..you can tell he loves the area
    3
  37712. You leave Miami to go to Cali where you’re about to get hit with a hurricane!
    3
  37713. Coinbase fees are just insane
    3
  37714. Exactly!! My phone is in my hand all day every day and I get such anxiety and fatigue that I just have to put it down sometimes... and company, I remember the day when you made plans and invited people over but now people/friends just show up to my house all the time when I’m not expecting it. It just seems inconsiderate to me, am I wrong? LOVE your advice, opinions and your way of thinking... really enjoy your videos... thank you! 😊
    3
  37715.  @MichaelBordenaro  Thank you Michael! I appreciate you responding to my comments 😁 I know you have many to read through!
    3
  37716. What are some of the cheaper grocery stores in the Wynwood/Arts District area? Also, do they have farmers' markets in MIami?
    3
  37717. Very interesting! Good info thank you! The house sitting idea sounds great! The motel in the season of the virus not so much! LOL!
    3
  37718. Well, when Chairman Mao, I mean, Chairman Powell, says the jobs market needs to cool down...
    3
  37719.  @MichaelBordenaro  Well, I live in one of these areas, and places that aren't as nice are going for more money. I bet there's an issue with them. Maybe there's an expensive HOA, a tennant occupying it, or something.
    3
  37720.  @MichaelBordenaro  That could be.
    3
  37721. My plan? I have a chance to come from France and Canada. And there we have a retirement plan from the government and we paid from our salary the Healy system. Example my dad is sick and is retirement and he had to pay nothing for his healthcare. The most important is to have roof in these country when you retire.
    3
  37722. Never knew! Thanks for this informative video Michael!
    3
  37723. when did the phenomenon of car and house/land property taxes start in this country? I know that fed income taxes were supposed to be temporary, please inform me
    3
  37724. you can probably find some good arguments online for "excessive" mask wearing actually causing viral symptoms
    3
  37725. Correct...but they're still stupid. I don't think anyone enjoys wearing them.
    3
  37726.  @MichaelBordenaro  Very possible. A lot of people I see are covering their mouth and nose. If they'd lower it a little bit and just breathe through their nose only... probably won't get called out by an employee for that, although I've had that happen to me at a food co-op.
    3
  37727. Always helpful and interesting
    3
  37728. I’m a landscaper good sir. we’re always sorry, but not sorry because we need to make them Benjamin’s ya know 😊😅🇨🇦🇨🇦🇨🇦🚜🚜🚜🚜🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸FREEEEEEEDOM!!!!!!
    3
  37729. Medium banks are in need of capital, I wonder how this is affecting reo's and foreclosures max bank bids?
    3
  37730. I heard they were paying 3,500$ a week in Ft. Myers for hurricane clean up.
    3
  37731.  @MichaelBordenaro  I hope so Michael. You’re not too far away from each other to make some new memories.
    3
  37732. The car is not named after the town and was not made there. It's spelled differently. The town is Belvidere and the car is Belvedere like a brand of Vodka with the name. It means beautiful view. Not sure what language.
    3
  37733. Great job Mike!
    3
  37734. We were prepared already going into the pandemic. Sub 3% rates plus correct prices were there for those prepared. Those who were unprepared induced frenzy & panic and we have them to thank. But the prepared are again content and patient....and ready
    3
  37735. Happy New Years :) I would not make a good real estate agent.
    3
  37736. All good news.
    3
  37737. Ocala Florida has a lot of new construction between 250 and 300k.
    3
  37738. That nose/throat irritation is from red tide. You should also notice an 'acrid' smell to the air.
    3
  37739. Please check on cement shortage
    3
  37740. When it happens, would the deposit amount still be high? My wife and i have very good credit. But we dont have the $10k or 15k deposit. What do you think?
    3
  37741. You think the sellers in Miami are nuts for the ridiculous prices there asking, look what these multi family seller's are trying to get. I think some of these multi family syndicators will be in trouble when there short term loans come up for refinancing.
    3
  37742. This guys alright 👍🏻
    3
  37743. Realtors need to make deals. If they don't make deals they don't pay their dues. NAR needs their dues.
    3
  37744. I love when you do your videos walking around, outside, so that we can see what Florida looks like.....thank you......
    3
  37745. does reproation on tax apply to 2021?
    3
  37746. Many people are having weddings now that Covid is dissipating but many out of town people that would normally attend are dropping out because it's $600-1000 for a plane ticket.
    3
  37747. Why you should'nt move to Florida, Trump lives there.
    3
  37748. I’ve had Amazon say I didn’t need to return items two or three times.
    3
  37749. Great video, down to earth.
    3
  37750. Late Stage Capitalism
    3
  37751. It doesn’t matter what they do! If this administratiin doesn’t QUIT FOOLISHLY spending, printing $$$ and throwing it around the world for rediculous causes. Nothings going to help. What we are paying just on the “interest” of this debt is MIND BOGGLING!! It’s like throwing $$$ in a bucket with gapeing holes! And it just goes to “interest”! you will own nothing and be happy
    3
  37752. Thanks for this, Michael. I will be very curious to see if prices go back down to pre-pandemic levels, but I somehow doubt it. I definitely think they will drop, but how much, is the question. Staying posted!
    3
  37753. Would you like to rent out your spare room? lol I would love to get out of Arizona. I'm just kidding. Great video, and I have to look into getting my property taxes frozen. I wish You and your wife all the best. Have a great Easter and may you find lots of Easter eggs.
    3
  37754. Congratulations now jump on and buy graph it’s 44 cents trust my word by next week it will be up a few bucks
    3
  37755. Should had treated yourself to a night at the Don (pink castle)
    3
  37756. It is annoying that people vote in a way that screws up their economy and then move away because it so bad and continue to vote in that same way. As if they never learned cause and effect.
    3
  37757. This was totally loaded with info that you don't hear from anyone else. Very informative plus the water is so relaxing and u are so lucky to be able to have easy access
    3
  37758. What country should I go to where I don't have to leave after a year? Anybody want to go with me? 🧳✈️
    3
  37759. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for another great video filled with Tons of great information and Thoughts. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  37760. That's insane. The water is shark infested and there's a lot of current. Only someone really desperate would ride that across the ocean. The US is the best country in the world. The key is not letting it ever turn out like the countries they're desperately trying to leave. And to be honest, Florida has a pretty good governor that is pro-freedom and pro-choice. Certain types of people hate him for it
    3
  37761. Very well explained. Thanks Mike 👍
    3
  37762. Most people arent that bright to realize how much homeownership costs until they actually need to repair something.
    3
  37763. Hello, you forget we have an invasion on our border. And those are the people who are gonna get. The free housing from the governmenthat
    3
  37764. That guy you talked about certainly doesn’t have an income problem. He has a girlfriend problem 😅
    3
  37765. Great list. Thank you!
    3
  37766. Maybe one day you can move here.
    3
  37767.  @MichaelBordenaro  why not thank you 😀
    3
  37768. I’m a mortgage loan officer in north FL , I can’t say how sick I am for all the fraud going on , I rather just change careers if I have to do that in order to generate and support my family ,
    3
  37769. I’m right with you Micheal I wouldn’t have had did that I’ll be underbid not overbid that’s dumb
    3
  37770. All my life in California specifically southern California my town I live in is Coronado and the best weather in the world but houses 3 plus million and taxes are insane and the politics are horrible. Looking to exit at retirement....
    3
  37771. I was wondering, what kind of Camera are you utilizing?
    3
  37772.  @MichaelBordenaro  Really, I was referring to the camera you were using when you were showing various properties in the Miami Beach area. Looked like a Canon or Nikon with a big lens, maybe a Carl Zeiss or something (you were carrying it attached to a tripod). Also, maybe I should get an Iphone X, the videos you do look and sound awesome; have been debating on getting a new phone. Just have never liked iPhones because they do not allow for an addition of a Micro SD card for additional storage.
    3
  37773. Thank you for helpful info! Moving from Los Angeles to Miami next week:)
    3
  37774. PRIOR VERY RECENT SALES, BIDS AND ASKS FOR THE SAME EXACT PROPERTY ARE THE VERY BEST COMPS!!!
    3
  37775. Great content Michael she’s a keeper.
    3
  37776. can we withdraw our money from it?
    3
  37777.  @MichaelBordenaro  that’s a great feedback I appreciate it a lot. I am definitely not looking to living in a dense city with traffic. The South Beach is a perfect location for me, thank you
    3
  37778. That's interesting, I have certain foods I take to the beach too (Summertime on Lake Erie): Perrier/San Pellegrino, Beef Jerky, Clif Protein Bar, Apples and Pizza Goldfish Crackers. WIsh I could be on a Florida beach with that and a Publix Sub, you need to do a video on Publix Subs like right now! haha.
    3
  37779. i wanted to get your opinion on an idea i had to help buyers motivate agents to sell at a lower price i am considering offering a five percent commission to both the buyer and seller agents for any savings below fair market value. so if the house sells for 20k below fair market value then i will pay bother the seller and buyer agent $1000 each. to me it makes sence because even after i pay them i will still have saved 18k on the property and since they are making a lower commision from the seller it should reinburse them for the loss of money on a good deal. if i get a good deal i think the agents should make more and not less.
    3
  37780. Say what you want about California ..but no state except Hawaii can compare with the weather. Frying in Texas.
    3
  37781. You are so good. Even though I have nothing to do with FL, I thoroughly enjoyed your analysis and narration.
    3
  37782.  @MichaelBordenaro  To be sure wall water is bad, and any building close to a river or lake also has to be careful. But heck, even a few heavy fans in the basement of that building to exhaust saltwater vapor might have helped it even get to that state. I can only presume there was little to none. So, ya, every building in the handle of Florida probably needs a thorough review.
    3
  37783. Thank you for sharing.
    3
  37784.  @MichaelBordenaro  You are so welcome. Continue with your good observations and advice always.
    3
  37785. There is some speculation that the real reason there's a huge push for electric vehicles is this: they can be limited or shut off by the company financing them... or the government.
    3
  37786. What is the zip code there thank you
    3
  37787. How can TWO people spend $780 a month on food? Maybe they need a financial advisor to tell them you don't have to go out every night.
    3
  37788. Michael, I’ve been saying the same thing about the cool weather here in Tampa. I’ve been here about 30 years and this is the earliest I have felt cooler temperatures. Normally have to wait until second to third week in October… 🍁
    3
  37789. Lived in Indiana most of my life, not far from Lafayette. We moved to Fl 3 years ago. Trust me, you do not want to live in Lafayette!!
    3
  37790. Thanks
    3
  37791. Where do the Golden Girls live?😄
    3
  37792. I really love your videos. Feels like you are documenting my backyard to the world, because, well, you are. Wanna hear something funny? I also have no idea what I wanna do with my life. As a 32 year old male who graduated with a 4.0 GPA and switched careers like 5 times in the last 11 years, it’s pretty funny. I got lucky in that I was an earlier adapter of Bitcoin, but finances aside, I still have absolutely no idea what I wanna do with my life. Miami Beach rocks though!
    3
  37793. That's pretty cool. Back around 2011 I bought around 2 or 3 litecoins, for 20 or so a piece? Not sure what happened to them, somewhere on an account, or that account was taken down.
    3
  37794. No way would I buy in Florida. Investments that cannot be insured are ultimately worthless.
    3
  37795. Interesting video. Did not know about half of these. Still in CA, but still planning on coming to FL!
    3
  37796.  @MichaelBordenaro  Yes, I will.
    3
  37797. Video quality is top my friend. Going to get the 13pro soon. 🔥
    3
  37798. Realestate is so different in FL from IL!
    3
  37799. Whats the deal with cash out refinances? I have a friend that does property appraiser in Florida and did hundreds of them. It was most of his business 6 months ago now it dried up and business is down 85%. If property values drop and you used cash out refi to buy a pool will that be a problem for people?
    3
  37800. How did you choose that song? It is the same song they use on the NASA channel when showing the Mars rover Ingenuity. Wow that was a nice sunset. Amazing how the mangroves and bushes are bent back. Probably from the hurricane winds. I'm in love with sunrises and sunsets. It was a nice documentary of Honeymoon Island and the beautiful nature there. I can't wait to be able to get out there and travel myself when our comfort level is back.
    3
  37801. I just how you mix it up! Thanks Michael for being transparent & honest! A lot going on right now in the world! Nothing can stop what’s coming! Hang on guys,things are going to get bumpy!
    3
  37802. God bless you.
    3
  37803. Forget the haters! Keep producing quality vids. Great content, my friend. Thanks for the stats
    3
  37804. Michael, there is another YouTuber and likes to look at real estate trends. He even backs up his videos with statistics. He agrees with you that real estate values are going to fall. He also believes that Florida, California and some parts of Texas are going to fall quite a lot. Thoughts?
    3
  37805. You are one smart human. Keep up the good work😊
    3
  37806. Thanks a lot really great informations.
    3
  37807.  @MichaelBordenaro  Winter is nice though. But those March-September months are brutal. I think it makes people angry too people seemed like in bad moods in Summer there.
    3
  37808. I want to know what the wine is! ;-) lol
    3
  37809.  @MichaelBordenaro  :-D Yum
    3
  37810. please stay safe!!
    3
  37811. You're mistaken about mortgages in Canada. We have the same options as in 'Mercâ.
    3
  37812. I just find it hard to believe anything can effect the housing. To little supply and way to much demand. Also lower prices will allow invest groups like Blackrock who pay cash to simply buy more property.
    3
  37813. Hello from The Bahamas
    3
  37814. You'll see 10% and over.... that's a promise. Hard money will be 25% -40% easy, at least in NYC.
    3
  37815. The chain link fence at the beginning along the Intracoastal needs to be replaced.
    3
  37816. Nice video Michael, Right now, it looks like many sellers are holding the price up. Even in those areas that are coming down like Boise, they are still over priced quite a bit. I think when we see unemployment start to increase, then we will see a larger drop in the real estate prices.
    3
  37817. The government should only buy mortgage back securities in the most dire of circumstances, but they do it all the time. That along with low interest rates and stimulus have created a highly inflated real estate market. By "helping" so much the government has actually done far more harm to a lot of people in the long run, worse its left itself in deep deep debt which is a ticking time bomb that one day is destroy several generations economic futures and dreams. When I moved to Florida over 25 years ago it was a cheap to buy a home and in almost all other ways very affordable compared to other places, now it has become the opposite. As far as remote work goes, I can do 90 percent of my job from home, or more, and I can do it better and more efficiently. During the pandemic I would both come in to work and work from home as needed, but my job has adapted and more and more of it can be done remotely. But there is a big problem with work from home for my company, that problem is many people stay home and DON'T work. Since others were not doing their work and the company was putting of essential duties, I was given more and more work that other workers who stayed a home and were being paid did not do. These workers would even brag, even to our management about how little they worked, how great it was, and management did almost nothing to stop this until the last few months . This also meant that this year there was a flood of work that became urgent after two years of neglect, and you got it, I have to catch up on things that should have been done in the previous two years. The next issue is that many employees are refusing to come back to work, or are coming to work and not working, or disappearing for most of the day. My work moral is shot, and I have moved up my retirement plans and am going to be leaving my current job at the end of the year because I am eligible to retire and I have had it with my employer and their inability to competently manage their employees, their offices, and their work loads. I have not become one of the lazy ones because that's not the person I am, nor the person I want to become. It's not just me who is leaving either, about a fifth of our workforce has also had enough and are going, and the company is having a hard time finding the personnel with the skills and knowledge to do our jobs, but that is not my problem unless they want to give me a humongous raise, which they won't, so adios. Our management is in a panic to replace us, even though they have already had almost a years notice that we were all leaving and were repeatedly told them to find suitable replacements. P.S. this is also happening at a lot of other business that I work with as well. They are having a hard time retaining people and hiring replacements who can do the job. A lot of work is now taking longer to get done and the quality has dropped even if it does get done. Employers just don't seem to know how to take care of the employees who actually work, instead they are simply using the old management technique of the path of least resistance, pushing more work on the ones that produce as a solution to actually managing employees who don't do their jobs. But this time that technique does not seem to be working any longer.
    3
  37818. Enjoy your channel, it is very informative and interesting. Like you I am a very direct person who relies on common sense. Thank you for your channel!🙂☺
    3
  37819. America should switch to a different currency. That is not the dollar.
    3
  37820. Ok, thank you! I will keep my options open
    3
  37821. Investment firms will scoop up and buy those homes but not until they drop below probably 2017 prices. They stopped buying around 2014. They need to be able to rent the homes for more than the mortgage prices. Or it makes no economic sense.
    3
  37822. Congratulations Michael, for five years. You deserve the success. You are one of the first people I watched when I made the decision to retire in Florida. It changed my life for the better.
    3
  37823. I'm fine with the way it was though my cousin is my real estate agent 3 times. Worked her butt off. Your regular bot is on this video yet again.😂
    3
  37824. Good perspective..
    3
  37825. I believe every state is going through this.
    3
  37826. Ppl...don't understand MATH, or %...or Money. Or LAW... It's Game...that YOU, cannot 'win'.
    3
  37827. Michael, it appears that you are not supporting your opinions with the most important factors affecting the health of the real estate market. Could you please provide the Housing Affordability Index and current absorption rate for the Miami market? This data will provide a true picture of where the market stands and what can be expected in the near future. Affordability as well as supply and demand will always determine the price of an asset. Here in Jacksonville our HAI is 128 with an absorption rate of just 2.27 months as of the end of Agust 2020. This is the tightest inventory I have seen in 22 years. Prices are responding accordingly. Very strong seller's market here. The example you gave about renting a condo for $2,300 per month when buying that condo would cost $4,000 per month seems like an exaggeration. This would mean that the owner of that condo is taking a huge bath every month. It is also more affordable to buy a home here in Jacksonville than to rent. Assuming a buyer purchases a median-priced 3/2 with a 3.5% down payment their monthly PITI would be $1,413. The median rent on a comparable home is now $1,600. Of course, all real estate is local so conditions in Jacksonville may be more favorable than Miami.
    3
  37828. Great videos Michael!!
    3
  37829. so if i buy a unit in a residence building i can put it for rent and make money when im out of the country? and sell it after 3yrs or so for possibly more or less than the amount i bought it for? but i have to pay for the tax and electricity and other utilities for the duration that i own the unit?
    3
  37830.  @MichaelBordenaro  I don’t think it works like that. There are things you can’t postpone. Things you did in the past might have helped you to get where you are right now. I was married for 8 years and recently got divorced. I do not regret anything I did in the past. My marriage did not work out but it was super important to me. This is just one example.
    3
  37831. Just closed on selling my Port Orange home yesterday. Won't woot
    3
  37832. Agreed 👍🏼
    3
  37833. I am curious what will happen with all those people who had solar panels installed by those door to door solar guys,
    3
  37834.  @MichaelBordenaro  that's ok, just get it to flow. Your video about Miami looks great.
    3
  37835. How is Wellington, FL or even Kissimmee? I’ve been down to Kissimmee for only 2 weeks and loved it. Only had one bad incident where there was an alligator in my backyard, but that’s about it.
    3
  37836.  @MichaelBordenaro  same priced house in nashville will be $8000.
    3
  37837. Michael Bordenaro Well, I’m originally from Georgia.. I don’t want to live back in GA because of bad memories.. I do wanna live closer to home. So we are looking at Florida.. Tampa or St. Augustine. I love Destin because that’s where I used to go every year when I lived in Newnan Georgia BUT, I’m afraid they get more hurricanes than the other places.. lol.. Also, we’ve had to evacuate a couple times now because of the fires.. I can deal with a hurricane because we have warning.. The fires are very scary.. I’ve not felt any earthquakes yet, but we have had 2 since we have been here (1 1/2 years now) My daughter felt her bed moving a freaked out .. lol.. I dread buying food because it’s so expensive. I’d never be able to retire here because of how expensive the houses are.. Even in the rough areas the houses are expensive.. There’s so many homeless people it’s insane. I truly feel if we don’t move we will be under that same tent. I do not like unstableness and I don’t like feeling like I’m wasting money.. I like saving.. I can’t do much saving here.
    3
  37838. Hello there,I’m thinking of moving to Florida,so I’m traveling pretty often to Miami and you talk about eating out and wild there of course I went out to eat quite often and I noticed that the restaurant charged for accommodation fee besides the tip and taxes,I asked what was accommodation fee and they explain that is when you pay with the credit card, but I was paying cash and they never remove the charges, is this usual in Florida?
    3
  37839. Great video 💯.
    3
  37840. Round and round the mulberry bush, round and round we go, round and round the mulberry bush Pop goes the weasel. Who is going to be left without a chair?
    3
  37841. Bowman's Beach looks awesome
    3
  37842. FOMO in reverse :) Wait for the lower price!
    3
  37843. I hope you still have that Camaro
    3
  37844. California is beautiful but IMP it is second to Hawaii! But Hawaii is having all of the same issues as California. Hawaii is more expensive than California and now due to the Governor locking it down and closing their tourism driven economy many are homeless ,crime is out of control. VOG is out of control. VOG is suffer dioxide,
    3
  37845. Sailing in from left field. What I fear most about Fl than alligators IS HOA THE prices & saying I can't hang a American flag is unpatriotic. Is there a book about Hoa & prices & if there are embezzelers or nazis running it
    3
  37846. Data doesn’t lie even if the so called experts do. Dave Rambles said what this week?
    3
  37847. They don't use the same CPI as they did in the 70's. Inflation is more like 15%
    3
  37848. Foreigners are parking their money in homes
    3
  37849. Fantastic video! It was fun walking around Miami with you too as I've never been there before.
    3
  37850.  @MichaelBordenaro  definitely beautiful beaches and scenery no doubt! Wonderful places to visit, but they've got a saying for visitors, "Come on vacation, leave on probation, come back on violation" 🤣
    3
  37851. That 40% inflation on essential life items sure isn’t helping anyone.
    3
  37852. Annnnd another one!!! Good info as always!!💯💯
    3
  37853. Eviction moratoriums are BS. What they should have done is use government funds for renter assistance. They didn't use (what they feel is) THEIR MONEY, they just passed a law so landlords got screwed out of income. They wanted to keep the taxpayer money themselves for their pet projects and boondoggles.
    3
  37854.  @MichaelBordenaro  As the Mandalorian says ( This is the way) You got it Mike .B Hope you have a great 2021 .
    3
  37855. I love st Augustine I think FL is high right now. It will be interesting to see where it goes.
    3
  37856. From Easter to November
    3
  37857. Michael in your opinion where is this all leading too
    3
  37858. That house will be a foreclosure.
    3
  37859. Beverly Hills 2.0 > "Miami BEach"
    3
  37860. Hi Michael, good info, wanted to share some rental info from my neighborhood in central FL. We are holding off on investing for now. Many rentals in my neighborhood keep dropping prices and have been on the market for 30-180days. One in particular across the street, investors bought for 340k, way above value. over last 36 days dropped rental price by $370, we figure they will break even at $1900, the markets is changing quickly, home prices stable for now but weakening, take care!
    3
  37861. I used to bike down there when I was living at 50 Biscayne.
    3
  37862. 195K is cheap for Miami specially with everything included
    3
  37863. Schaumburg Illinois here, looking to fulfill my life dream. Thank you for putting out this content, I feel very fortunate to have stumbled upon it. How was your move?
    3
  37864. There are thousands of sea gulls in Daytona Beach in Florida in January. They make a lot of noise around 6 pm.
    3
  37865. The whole insurance fiasco too. If people buy without going through the proper channels may be surprised when they find out they have to get a new roof!
    3
  37866. Diana Olick Senior Real Estate Correspondent CNBC Business News said today on CNBC that housing supply is still way below pandemic levels. Still pushing the party line propaganda rhetoric.
    3
  37867. No!!!! It's not... for those of us that have lived here for generations, our young adult children are pushed out to neighboring counties to live, where its more affordable for them
    3
  37868. where is this located
    3
  37869.  @MichaelBordenaro  what do you think about ft lauderdale and surrounding areas
    3
  37870. Hi Michael, I'm curious to see what the sales and prices are for July and August. The closed sales from June 25th----July 25th were probably in contract before the collapse. Curious to see what went into contract since the tragedy. Thx
    3
  37871. Excellent advice 👍🏻
    3
  37872. U said u were wanting to move to a place w not a shit ton of traffic. Do urself a favor n scratch St. Aug off ur list😂
    3
  37873. One of my beachfront properties in Costa Rica, has a monthly condominium fee of $175.00 a month. Our annual emergency assessment a year is $200.00. At our annual HOA meetings we are still looking for cost cutting, if possible!
    3
  37874.  @MichaelBordenaro  Hi thanks for replying. I might end up buying a condo after all. But not just yet, maybe near the end of the year or in 2022.
    3
  37875. Your so right about EVs. Remember when they pushed diesels on us saying they were better gas milage than gas and less pollution. EVs are way worse for the environment than gas. And people are so stupid it's not even cars that's the problem it's agriculture and commercial transport. The climate control cultist don't see those things thru their slanted eyes ' but they do see cars everyday, so their tiny brains compute that's the target fire.
    3
  37876. Happy Birthday to your lovely wife.
    3
  37877. this video is fantastic. you did great job showing really decent homes at genuinely surprising values.
    3
  37878. I couldn’t remember the beach that I went to in sanibel because I tried three beaches and they were jam packed, so I ended up at Bowmans! I couldn’t remember what it was called until I saw it in your video. I think that’s where I took my profile picture, actually. I went in January and it was 78° and sunny. I absolutely loved it. But I agree, the rest of sanibel seems like a rip off. I did like driving over the causeway though lol, it felt like a mini Skyway Bridge on I-275
    3
  37879. Always wanted to go to Rio de Janeiro! Worth the visit?
    3
  37880. Michael, awesome video man 🤗💗 Lisi ! ♥️
    3
  37881. Hi, how are you? Yes I am very serious about moving there. I have applied for several jobs there. My education and experiences are in (IT). The next time I come the in Fla Ft. Lauderdale to Miami. I am never coming back to Maryland.
    3
  37882.  @MichaelBordenaro  Hi. Ok I hear you it can be a struggle, but I have to keep pushing. Hey do you have any friends working in (IT) there, it just dawn on me to ask. I was working in Plantation, Fl not for from Sawgrass Mall. for a retail store, nope that was not cutting it!
    3
  37883. Ty
    3
  37884. Where is this building?
    3
  37885. weird noise in the yard= mole deterrent
    3
  37886. hiii.   (MB). what do you use to record on what camera??
    3
  37887. Great video bud
    3
  37888. Can you have pets while you stay there? OMG...its beautiful there
    3
  37889. The Waterfront Inn doesn’t allow you to have pets in the room unless it is a service dog. The Comfort Suites near the Spanish Springs town square allows dogs. When I stayed there in 2020 their pet fee was 50 dollars. Beware it’s 50 dollars total for up to a weeks stay but it’s still 50 dollars even if you just stay one night. The rooms there are very nice and very reasonably priced.
    3
  37890. As an extreme introvert, I love being alone. Actually, the older I get, the more I like the isolation and my patience for others seems to diminish. Right now, I'd love to trade in my apt in the city for a house in the stix or a log cabin in the mountains! Just me and my dogs...my dream situation!! Great content as always Michael!
    3
  37891. Remember having $2,000,000 that has to last 40 years with no other income won’t maintain same lifestyle.
    3
  37892. Interesting topic. I know almost nothing about inheriting a home. A lot to know I assume. Capital gains taxes, losing homestead exception, living or not living in the inherited property, etc. The story of the father passing his beautiful home to his two daughters is a good example. He seems to not have known the financial effects of passing his home on to his children. Interesting.
    3
  37893. Damn Michael, no AC till 11:00 pm ? I live in Miami too. NO WAY I could survive a summer like that ... 🤯 🔥
    3
  37894. AMERICAN PEOPLE needs to be educated on finances. Why? As long the US Government continues to PRINT money and disguised it as to HELP PEOPLE. The value of the dollars will continue to decline, and INFLATION will remain HIGH. I don't TRUST POLITICIANS. They always PUT THEIR OWN INTEREST FIRST. It's HUMAN NATURE. The US Government national debt is increasing 1 Trillion dollars every 100 days! It's TAXPAYERS money that we don't have. Let that SINK IN YOUR BRAIN 🧠
    3
  37895. Wow! Very touching to see this . . .
    3
  37896. I have my house on the market and as I do more upgrades I raise the price. I had a signed offer that fell thru but luckily they gave me a copy of the home inspection report and yes the inspector picked my house a part to justify their $600 fee for 2 hours of time but there was no big ticket problems just a ton of small things. I’ll chip away at the list and raise my price. I had contingency offers from people that had their house on the market for much more than mine, not in a nicer area, not a better house and less land. So ya I raised my price. You might not know why a price on a house gets raised but yes realtors can do slimy things
    3
  37897. Such a smart guy who’s fun to stroll with, shades and tanks or otherwise. Back here in TO Canada, it’s nice to re-experience Florida’s winter warmth, even if it’s only virtually now. We sold our waterfront mobile home off Tampa Bay back in 2020. No regrets. We spent 15 wonderful winters there, kayaking through the mangroves and such. Holmes Beach on Anna Maria Island. Such a beautiful place! But we’re in our mid-70’s and feeling like there’s no place like home right now. Thank you, Michael, for sharing your Florida with us whenever we feel the need. So beautiful. Such fond memories. May Mother Nature be kind to our North American refuge from the cold for many future generations to come! ❤
    3
  37898. I liked your feedback on buying brand new homes vs used ones. Thank you!
    3
  37899. Another example of failed liberal policies
    3
  37900. Hello from Canada. My question to you is do you think this building collapse was planned, targeting a Jewish population? When you see the security camera video of the collapse there were flashed before and during the fall. Explosives?? It may be far fetched but as you said this building was not a slum building. The collapse was so precise. It imploded on itself very neatly......
    3
  37901. 65% of American companies are not profitable (start-ups, speculative, venture capital funds). This number shocked me. It illustrates how much of the economy is supported by debt. Good old debt.
    3
  37902. I like your videos and I agree with you about trading the 6 - 7 months of cold winter for the summer... Thank you for your videos... very informative and real
    3
  37903. My whole life I wanted to move to the US and particularly Florida, now that I have built a career and can do it, prices go up, FUCK!
    3
  37904. Let the Holy spirit guide you. You and your wife will make the right decision.
    3
  37905. Thanks alot!
    3
  37906. I want reliably back. Direct injection and turbos makes sense for performance vehicles, but for an everyday commuter, a naturally aspirated engine with port injection will always be more reliable with less maintenance.
    3
  37907. love your channel just subscribed.
    3
  37908. 350k for a cookie cutter? No way!!
    3
  37909. I’m patiently waiting for prices and interest rates to go down. I just want to buy my first home.❤
    3
  37910. I know adult "kids" that go to Mom and Dad's to "shop" for groceries.
    3
  37911. Prince Harry and Mark Zuckerberg still rent!
    3
  37912. Try moving from the UK to California with two dogs TWENTY-SIX years ago. LOL.....Nightmare, but worth it! GREAT VIDEOS. Thank you Michael!
    3
  37913. While possible, I would say rare. Employers are doing all they can to get employees. Restaurants are limiting hours, or not opening dine in because they can’t find people to work.
    3
  37914. What do you guys think about Ocala, FL?
    3
  37915.  @MichaelBordenaro  Thank you.
    3
  37916. Nice video. Thank you.
    3
  37917. The older condos w only 55 and older residents won't fare well for two reasons. Current residents on fixed income will sell and there will be fewer 55+ new buyers who can afford the upgrade expenses bc of financial and demographic reasons.
    3
  37918. Where in fla is my issue. I have friends there Ive known for years and know the area. Clearwater area that is. Ive been watching some other utube videos and a few other areas are looking inviting to check into too. I went to Fort Lauderdale and Hollywood and I didnt end up doing much off Margaritaville !!! Not complaining !
    3
  37919. It was announces this week that house prices in the UK just rose the fastest in 18 years. Last month alone saw a 1.8% increase with supply and demand driving the continued growth, defying predictions of inflation/borrowing rate increases. The market is certainly due a correction but I'm not convinced we're in stage 1 yet in the UK, but that's not to say all stages described could arrive in rapid succession. This being said, I understand many places in the US have seen 30% annual increases. This is almost double the growth in the UK. Clearly some people have made significant financial gains especially in the US, however if there's a correction I agree with Michael it's likely to be more than 5%. It's fascinating to watch developments and yes I've heard of many people leaving New Zealand to move to Australia due to the financial landscape including housing costs (+30% annual increases) in their home country.
    3
  37920. Happy St. Patrick's Day 🍀🍀🍀🍀🍀🍀🍀
    3
  37921. Good info and thank you!
    3
  37922. Enjoyed the comparison! Haven't been to either. Both seem to have their pros and cons. I'd likely lean towards southern Cali. It never rains there! Some say the best climate in the country. Although this is about Cali.. The nicest weather I've ever seen in my life.. Was a visit to the Fort Lauderdale/Miami area in April of 08. It was 75-78 without a cloud in the sky everyday. The water at SB was flat calm and crystal clear blue every day. I still have some old school disposable photos of the beach. Then this past May visiting the Keys, it was 81-82 everyday without a cloud in the sky. I didn't get a single drop of rain the entire trip. The weather was just phenomenal! The weather app showed full suns everyday. I will say, leaving the Keys it felt a lot hotter in the Fort Lauderdale area. Since you're out in the middle of the ocean, I think the Keys have a slightly nicer climate.
    3
  37923.  @MichaelBordenaro  Totally lucked out in late May. My profile pic is one of those flawless days! Unfortunately, the brief time I stayed in SB on the way in.. There was big wave action, wind, cool temps and seaweed everywhere. You couldn't even go in the water without getting slimed..lol The weather was perfect the whole time in the Keys though!
    3
  37924. You’re such a natural at making these videos Michael! Warren Buffet made most of his money after age 55. I try to remind myself of this If I’m feeling left behind some days😃.
    3
  37925. After watching the two parts of South of Fifth, I got an impression that Miami is a safe place to live. Thanks Michael for the walking tour. Hope to see more in the future. :)
    3
  37926. Like I had commented on an earlier video, my beachfront 1900sf 2/2 condo a little north of Ft. Lauderdale has only earned me an annual 3% ROI over the past 5 years. HOA, property taxes, and assessments have crushed my ROI. On the other hand, I bought it as a foreclosure from Fannie Mae at a great price, and it's appreciated nicely; and if I include the (unrealized) market price appreciation my ROI jumps to an annual 15%. Zero vacancy rate over the past 5 years.
    3
  37927. Awesome video Mike. I think the Jenson Beach takes the cake. When you can almost cast a fishing line from your balcony for $1700 a month with a gorgeous beach and ocean and nice apartment I would say that's an amazing find.
    3
  37928. Boards are generally protected by the docs. If you sue the board, you are suing the condo association. If you are a member of the condo association, you are suing yourself if you sue the condo association. You will be special assessed for the defense of the condo association. You may also be special assessed for any legal payouts. Attorneys LOVE when you sue your own association.
    3
  37929. Michael Bordenaro oh I know! 😁 I was surprised too when I noticed how many Italians live in Miami. Another reason not to move there haha! ...Just kidding 😂 I hope to come visit soon. Gonna do my research, just watched your video about sinkholes 😨 Thanks again for all the info! :)
    3
  37930. LOL! Every King Tide lots of Miami is underwater at high tide. Add in strong wind or a hurricane tons of flooding. Sea level rise is real. Lived here all my life and the drivers are the worst. Just wait till you have no power for 10 days plus after a storm. Roads blocked for days with downed trees. Gas lines crazy. Last hurricane got lucky and no damage to the house and only 10 days without power. Cable, internet down etc down for over 3 weeks. Add another 15k easy for a whole house genie. Hope the gas lines hold up or you can get fuel for it. Also hurricane damage deducitble is normally 10% of damages to your house.
    3
  37931. Excellent points! Increasing the government backed loan limits is just going to make housing inflation worse. Where’s this free market your viewers talk about? It doesn’t exist.
    3
  37932.  @MichaelBordenaro  really? I’ll keep looking down there since the water is blue. The one thing Space Coast and St Augustine I don’t like is the green water color which looks like where I surfed in North Carolina
    3
  37933. this account has helped my family pick were we want to live thank u!
    3
  37934. Thank you.
    3
  37935. Another great video Michael! I agree nobody need a 2 million dollar home unless you have money to spare! I would be happy with a 350k home which is my house cap even though we will qualify for a 900k.
    3
  37936. Stupid laws
    3
  37937. Glad to hear you had great times in CA. Yes, CA has little bit of everything and Southern, Bay Area and Northern CA are quite different. Enjoyed CA living for multiple decades and now can't wait to get out of here as soon as kids are out of the house. I will definitely return to CA as a tourist, not a resident. BTW, what is wrong with cornfield in IL, LOL. I have attended schools in Chicago many many years ago. Miss my buddies. Never been to FL and I guess I need Spanish lessons before Japanese. Cheers!
    3
  37938. They should make a permanent static lagging indicator. Like only ever look at the 2 yr lockdown run-up in prices.
    3
  37939. Great video
    3
  37940. I’m not sure what the market is like in south Florida but right now in central fl the houses are selling like crazy, demand is high and supply is low. Do you think it’s picking up now down there too ? And do you think that times like these you can make a lot of money, or just incrementally better? ( not a realtor or anything but researching to become one maybe lol )
    3
  37941. Leaf blowers at 7:30am...in LA...😂😂
    3
  37942. I live in dunedin,have for 12 years. I love it..🥰♥️☮
    3
  37943. More squatters
    3
  37944. Fun! Good attention grabbing intro!
    3
  37945. Hi mike, what is your prediction for central florida, Ocala and the villages area, crash or no crash and how long?
    3
  37946. Don't sell to flippers either! They will rip you off AND it takes another house off the market for regular home buyers.
    3
  37947. Simple - don't buy a house in that A category and you won't need flood insurance -but get hurricane Insurance always. I own a house in FLA and pay alittle less than 700.00 a year.
    3
  37948. Plenty of parking? Try finding a spot inJan, Feb or March. Insane.
    3
  37949. Great video
    3
  37950. Human nature although you try to give fact nobody likes the drumming of bad neews. Queen of Spade in Alice in Wonderland. "Dont bring me no bad news". Thus a like a drum beat in social media lots of bad neews and yes sometime Chicken Little Syndrome. Frankly I hope is crashes so young people starting off can get a decent home. So far the price dropp in Miami is laughable.The drop does not meant affordable. The prices at=re astronmicl from a historic point of view. However you provide a service no matter if we do not want to hear it. Thanks
    3
  37951. Venetia
    3
  37952. Outstanding video.
    3
  37953. This is a huge amount of bad news. And you're making sense!
    3
  37954. Idk if I'm crazy but 700k for 6 bedrooms is not a lot of money to me. That's actually a deal. I wish I had the cheddar for it right now. House is very spacious too.
    3
  37955. Awe your dad is sweet 💞
    3
  37956. The housing market is still going to keep running hot until rates get too high
    3
  37957. Definitely depression to me
    3
  37958. I am looking at Slow Cala. Northern and interior locations should not get clobbered with underwriting and rating decisions. You want to live coastal? The risk and loss control picture is far different from the interior and north. Where the hell is the Insurance Department/Commissioner? This calls for a Market Practices Audit. Yes I have been a broker, adjuster, outside counsel, arson guy, large loss subro and senior SIU. I do "get it". This sort of rating stuff has to bear some relation to the risk underwritten. If not the policyholder is getting ripped off.
    3
  37959. Thanks for sharing your experience and insights. I agree with you on all of it. It’s been a few days since you posted this. That area is sinking. I think in a way this was one more indicator of climate change impacts….but it was certainly many factors. There was a University study several years ago that determined that area is sinking. And what you said about it getting more expensive to own a condo there because of more regular repairs….well…that was part of the problem. It was known that repairs were needed but was so expensive that it was like a second mortgage…$800 a month for one owner I heard interviewed…and the expense caused 18 month delay in action. An d it wasn’t just repairs needed….it was faulty design by the builders in the first place that led to the water damage. So sad the report warnings were not shared with all residents and were not acted upon rapidly. I’ve never lived in a high rise and never will. I’m in California. I prefer the risk of earthquakes (oh ya….and now fires too) to hurricanes. Actually the fires make me want to go elsewhere. But everywhere on Earth has it’s risks. Y’all in those high rises do have an amazing amazing view! I appreciate your compassion and also hope people who’ve invested so much in those properties can sell when they want. It’s going to be difficult times. If I ever decide to move to FL I’ll look you up…..but truly…..not into sea level rise and hurricanes. Blessings to you all there in FL.
    3
  37960. How is Cape Coral FL? Good area?
    3
  37961. Anyone is taking into consideration what OPEC will do in November and what that will do to the economy? i'm pretty sure that's gonna hurt everyone paying mortgages and the housing market even further
    3
  37962. Great video! Nice area!
    3
  37963. Looks awesome! love the beach and the dunes! Lizzy's hair is beautiful like my daughters ♥️
    3
  37964. Isn't wonderful that all the high dollar fake shizits are destroying the middle class in here Florida... Repercussions coming
    3
  37965. Looking forward to your cross country adventure! oh yaaa!!
    3
  37966. Another good video on oceanfront rentals Michael. It actually seems to me that there are better deals and nicer oceanfront rentals on the eastern side for the money. Just a suggestion, maybe you can do some videos on towns or neighborhoods in south fla.
    3
  37967. They’re talking about the millennial and gen zs that made their money in social media. Maybe some lawyers and engineers. They aren’t talking about the ones who went to college, got a basic degree. Those ones can’t afford a home now.
    3
  37968. Wow what a nice view from the apartment, I like!!!
    3
  37969. Looking out that garage window and thinking ''Well I probably won't ever be as popular in Rockford as Cheap Trick is,....so I guess I'll try my luck in Fla. From working in a carwash/detail shop in IL to being an internet sensation in Fla!!,....truly a rags (no pun intended) to riches story.
    3
  37970. Oh no, Phoenix didn't make the list!🌵🌴
    3
  37971. I am 0% interested in AI generated content. I honestly think some of this hype is too much for chatgpt. It did impress me after I got working with it and saw how to make it return what I wanted but I only see it as a tool right now. Since it was trained a lot on github data its coding is really good but even with all of that info I find it makes so many mistakes. I really only use it when I am brand new into a topic and instead of googling it like I usually would I ask chatgpt to give me an example. I could see it helping with the creative process of your videos like maybe have it double check you didn't miss anything or listen to the video and come up with a google title and description but not the content itself. I guess we will see.
    3
  37972. My citi bank lowers my balance of available credit 100.00 after each payment. I went from 20k credit of credit on 4 cards, so 80k in credit to 1800 credit on each. I'm never late! My income is alimony and disability if 5800 a month.. wtf is going on?
    3
  37973. It's called a shit load of liquidity in the system that the first round and a half of interest rate hikes has just started drying up. How many rounds of interest rate hikes do we have left to hit and dry up the liquidity or the lag affect? 5 or 6 still left to hit as each round take 8-16 months to hit the economy. We are in stage 5 of the lead up to a recession and we always have a rally before the recession. 1) Inflation, 2) interest rate hikes, 3) demand falls, 4) Price cuts to make up for the lack of demand, luring everyone into thinking that inflation is under control, 5) job openings fall (poor JOLTS report), 6) rise in unemployment, 7) recession over. In between 6 and 7 the market crashes and capitulates.
    3
  37974. Moving won't improve my life, , but the 28 foot Boston Whaler will!!!!
    3
  37975. Great info my man! How often do you drink alcohol on this diet? How much does it impact you? Not that I drink a ton lol. Just wondering!
    3
  37976.  @MichaelBordenaro  lol no that's not too much. Good deal. Can't go wrong with some good wine.
    3
  37977. It’s not a corporate conspiracy. It’s a directive from the world economic forum. It’s called the “great reset”. It’s also called sustainable development. It’s been out there for a while. The goal is global communism. Look up Klaus Schwab, Carney. I wish it was fake. The build back better slogan isn’t just a joe biden pledge, it’s global.
    3
  37978. Your Awesome...Thanks for all the info!
    3
  37979. I really want to move to the warm climate, but here in Russia we don't have warm weather anywhere. I don't know what to do. It's -20 F⁰ now, and you can't go outside without thinking: " maybe should i buy a ticket to the warm country and burn my passport when i am there?" 😄
    3
  37980. So very true!! No financial planning in the educational system! Just a lot of useless information in most schools!
    3
  37981. Yeah man I think you should really consider explaining why these are as cheap as they are. You're for the most part only going to find these remodeled because every so many years they are damaged significantly. Flood insurance is no joke.
    3
  37982. I used to live in Stuart, thanks for posting this, Michael
    3
  37983. This is going to be the reason they push us into 15 minute cities. Insurance would be to high to afford a home. Then automobile insurance will push people into EVs then the grid will be overloaded and push people out of the EV into that City apartment.
    3
  37984.  @MichaelBordenaro  are there any restrictions in Florida on being allowed to use your property as an Airbnb? Is it situational? Does the State take a percentage of the rental?
    3
  37985. Great video. Just subscribed. What do you think of the Ocala area? I know it is cheaper to buy or rent there, but what do you think of it as a place to retire? We are young at heart....I play guitar too! Any advice would be great. We have modest means, but want to leave expensive Southern California. We think Ocala might be a good place to rent while we look around for our forever home as it seems to be central and we could check out towards each coast from there also. Any thoughts? Thanks a lot Michael.
    3
  37986.  @MichaelBordenaro  Thanks Michael. I will watch all your other videos and if we venture down to South Florida and we need real estate services we will definitely give you a call. Thanks again. I really appreciate your quick and helpful response.
    3
  37987. Great place to call home. great beginnings.
    3
  37988.  @MichaelBordenaro  Really digging your videos and the open perspective you share. I'm visiting Amelia Island for the first time this week, drove up from Ormond Beach. We are so fortunate wr have so many lovely spots in Florida.
    3
  37989. If the rates do go down, many will try to sell which will increase inventory. Remember, if they go down, the economy will be in the toilet. During the crash they reduced rates close to zero and for at least 3 years after, home value still declined.
    3
  37990. Can’t do cold water Nope No thanks
    3
  37991. Michael, any relationship with Rio de Janeiro? 🤔
    3
  37992.  @MichaelBordenaro  Another reason to live on the West Coast. SF to Sydney 14 hours. SF to Thailand 15 hours or more. Best way is to get FF miles & fly Premium Economy or Business Class. Worth it!
    3
  37993. Side gigs, work at home, trade school, college, apprenticeships, create your own business........there is no excuse these days for not working. I'm 54 and moved out when in my mid-twenties, and I would have lived in my vehicle before I ever considered moving back in with my parents. Scrimp and save and you CAN do it. I've lived thru $14 an hour, financial devastation, and only minimal financial help getting started on my own. You have to be able to say no to some things, and not gaf about what anyone else thinks of you.
    3
  37994. Fact 'cause you already know Texas will turn into Cali!!
    3
  37995. Try Manasquan NJ its thousands coming in on a sunny day or belmar, Asbury Park NJ.. Used up by 10am!.Point being less is better..
    3
  37996. I'm sorry, but that woman should have listened to her "gut feeling". If you're losing sleep before you buy, that's a clue to back out. Obviously, all her RE cared about was getting a commission.
    3
  37997. I wish things would turn faster in my area. I’m on the sidelines waiting.
    3
  37998. Michael! This is one of my favorite videos of yours. Nature! Nothing is more beautiful. Time to turn in my iPhone 7 for an iPhone 13. This week maybe. Thanks for this beautiful video.
    3
  37999. I have noticed way more people exercise in Miami compared to the rest of Florida so I assumed you’d do that like Cobra Kai season 1 or the meditation thing but I scan the beach and waves as a form of mediation except I don’t always empty my mind of thoughts so your coffee is probably more effective
    3
  38000. Appreciated your video. Off to the next one 😊
    3
  38001. Late Stage Capitalism
    3
  38002. There is another you tuber doing the same but driving around. Im not going to mention him because I want Michael to get all the likes.
    3
  38003. Hello MB I missed you. I am planning to move to Miami Florida on December. My fiancé is over there and I will make my away to get there by December. Planning to buy a home 🏡 within year from the time that I get there. 😊 💞🙏🙏many
    3
  38004. I would like to see a video of the best way to preview the Tax Deed Sales held in different Florida counties, There are several subscription based services that provide some guidance , I am not sure if they are reliable. Thanks Michael. - joe donzi
    3
  38005.  @MichaelBordenaro  Hey Michael , I am looking at different options that make it easier to keep track of when different Florida counties are holding their TAX DEED Auctions. There are several subscription based services that bill you about $40 per month to alert you to the timing of the auctions. I would like you to do a video on the best way to organize the Auction information. Thanks , joe donzi
    3
  38006. Spot on- awesome advice! I love the topic on money you addressed!
    3
  38007. Years ago a college friend and I drove 1200 miles to FL to go scuba diving. We actually decided to camp in a tent. Oh my God. We were in Key Largo and after the first night I woke up with hundreds of red bug bites that itched for over a week. I thought I would lose my mind. Did I mention we were there in the peak of summer at its hottest and we were camping in a tent. That’s right. Crazy but we still had a good time. But I will never ever again camp in Florida.
    3
  38008. Michael Bordenaro so the next day when we jumped in the ocean around Pennekamp Coral reef park I thought I was being stung by tentacled ocean critters but it was really the salt water stinging my bug bites. We finally make it over to the statue of Christ underwater. I asked, dear God please make this itchiness go away!
    3
  38009. Crescent Beach outside of ST. Augustine used to be this way, dont know if you can anymore.
    3
  38010. People are buying a home for the exact same reason why you did, Mike. They got tired of waiting. I can't blame them though. What is the alternative? Rent forever?
    3
  38011. The media is gaslighting everyone.
    3
  38012. Good video (but please lose the distracting, repetitive hand movement).
    3
  38013. Hi Michael, you mentioned in one of your videos you try to stay away from gated communities w hoa fees. Why is that?
    3
  38014.  @MichaelBordenaro  good to know! TY!
    3
  38015. I don’t understand your great talking about real state and showing us all this bad deals in Miami and all the crazy Prices, which I agree BUT YOU PAY $1,700 for maintenance that crazy. Plus when this market crashes and you lose 50% on your condo. When that happens if 30% of the condo owners in your building stop paying the maintenance then your are going to be screwed. Oh and live in Miami
    3
  38016.  @MichaelBordenaro  Definitely. You are very welcome! Happy New Year!
    3
  38017.  @MichaelBordenaro  🎉🍾🎈
    3
  38018. Mike you need a breakthru video to get ur subs up. Alot of utubers are thriving from videos on the housing market bc its supposed to fall soon
    3
  38019. I Cosign for No one.Responsible for myself.
    3
  38020. We live in NJ and legit same! Mike said $1800 a year for car insurance was high. We’re WOWED by it since we’re paying $4600 a year with the best insurance you can get in NJ.😂
    3
  38021. I heard that Chevron is leaving California for Texas. Is that gonna be much of an impact? Or was it just a few top level jobs ?
    3
  38022. Airfare is out of control. Philly to FLL - not for $1000 RT - last year XMAS week was $400 RT
    3
  38023. Great show as usual. Thank you for the truth. Many blessings to you and yours.
    3
  38024. Thank you for your videos. My plans are still to move to Florida from NY. Your videos have definitely helped me gather my ideas and plans to work towards that transition, especially with my children.
    3
  38025. A guy I know in Pompano, told me Miami a better time to go to the beach was when the humidity + heat and “swamp azz” starts on Valentines and said I went during the worst time because snowbirds instead of locals are around between Christmas-New Year’s eve
    3
  38026.  @MichaelBordenaro  I forgot to add he replied to my question about why there weren’t that many stunning women in South Beach on New Year’s Eve. I’m comparing South Beach to Melrose Avenue in Hollywood and beaches in Los Angeles which to be fair have fewer pretty women compared to 20 years ago
    3
  38027. Thanks Mike! I'm a union carpenter in Chicago, we want to move down, but I think Ill take a great pay cut. but still willing to give it a shot. looking at Orlando area. it would be fun to be close to the parks. I would love to work on the new upcoming Universal expansion "Epic Universe". I could also be close to my daughter then. she's planning to move too. thanks for all your videos mike. God bless.
    3
  38028. A 2/2 Condo is listed for 250K, was purchased for 110K in 2020. A tenant is in place paying $1,400 until April 2023. A one Bedroom go's for $1,600 in that area. The taxes, flood insurance and HOA probably went up. It's Florida.
    3
  38029. Love this place. Great video. 👍
    3
  38030. Good content subbed 💯
    3
  38031. Wow, you’re such a romantic lol. NO, I don’t agree with you on this, you’re either committed to your relationship or you’re not. C’mon…
    3
  38032. Does the insurance company send the check to the bank that holds the mortgage? What if people just can not get the house rebuilt fast enough and decide to buy somewhere else. Many had 3% mortgages and now they go into a 7.50% mortgage.
    3
  38033. people still living on credit ...God bless America
    3
  38034. one of your best! 👍
    3
  38035. I have mixed feelings about this, but I will say if the United States wasn't so damn expensive and unfair to live in (e.g. outrageous medical bills), we wouldn't need this type of support.
    3
  38036. 👍
    3
  38037. Could you do a video on the more affordable places still left in florida? Thanks so much. I'm currently in Tallahassee and want nore rural.
    3
  38038. Thank you. Heading to check em out.
    3
  38039. Very informative video ! Thank you.
    3
  38040. Thanks Michael! As always very interesting and informative ❤️
    3
  38041. Did you include your homeowners insurance in your figures?
    3
  38042. Hey ( MB) can you recommend the best book or books on buying my first small property to flip or use as a vacation rental?? Any advice ?
    3
  38043.  @MichaelBordenaro  I keep telling everyone your God sent smhh. So. Genuine. It's insane the world needs more guys like you in the huge corporations making decisions 👏🏽 mommy raised a good boy woww
    3
  38044. I remember when Florida was cheap..what happened?
    3
  38045. Hi Mike how are the housing prices in St Augustine and what do you think of Clermont in Orlando they said it is booming and cheap
    3
  38046. Excellent video!!!!!
    3
  38047. I live I “Taxifornia” too 😂😂😂… planning on moving to Florida once we retired !
    3
  38048. ❤
    3
  38049. Here's a fun fact, the NAR also said there wasn't going to be a crash in 2007. The wizard of NAR of 2007 (David Lereah) was wrong back then and the wizard of NAR today (Lawrence Yun) is wrong as well. When the market craters and he looks like the shill he is, he'll resign with a nice retirement package (as did Lereah) and a new shill will replace him.
    3
  38050. I'm was trying to transition into full time daytrading from my full time job. But I realized that it's not entirely feasible and it's better for me to try to have multiple income streams. Good luck on making your YouTube dream a reality.
    3
  38051. good job michael!!!
    3
  38052. Can you do an update post Surfside in a few months?
    3
  38053.  @MichaelBordenaro  Thanks! noted.
    3
  38054. Disagree. I'm moving to Florida because good job. Mainly..... prices are cheaper in area I'm buying then that of witch I reside
    3
  38055. Another Great video Michael. You're the best.
    3
  38056. Great opening statement! Very true! It’s that simple.
    3
  38057. The rates have more than doubled since December 2021. Refinancing would be a costly decision, for sure.
    3
  38058. You need to drive the Scenic 30 A in The Florida Panhandle.
    3
  38059. Da Bears!
    3
  38060. Affordable part of Miami looks like every part of California lol
    3
  38061. Happy Thanksgiving Mike. 🦃
    3
  38062. That not our problem. It not up to unelected world elite IMF to tell countries how to run their countries.
    3
  38063. Rhythm bump❤
    3
  38064. literally thousands of Jobs moving here plus thousands of people. It will always be under construction lol
    3
  38065.  @MichaelBordenaro  I have found places from 400 to 800 dollars but!... I got to see them how they are and what kind of area and people do they have.
    3
  38066. how about some of the smaller cities? i have a friend of mine that i used to work with that moved back to florida where his family is and he's been trying to get me to move down there with him and i think it might be better for me because i live on long island and everything feels overcrowded
    3
  38067. I thought Oregon would be the State..... with the Most Rain, Now that's new to me.
    3
  38068. P.S. Michael. The tile floors would have to go! LOL
    3
  38069. excellent advice i have been told to not buy anything due to coming correction in real estate market
    3
  38070. at 3:53! Nice... that was a money shot
    3
  38071. Vote like your 401K depends on it.
    3
  38072. Hi, I have recently came across your channel.I enjoy your videos, they are very informational. I am planning on moving to Southern Florida this Summer. I have been looking to move to Fort. Lauderdale or possibly Miami, I was wondering which city do you think is more affordable to live in ? From my research it seems that FL is more laid back then Miami and a little more safe,is this true ? Thanks !
    3
  38073.  @MichaelBordenaro  great, thank you. I will continue to research and keep an eye out for your videos !
    3
  38074. Hello, thanks for the video. Any thoughts about Palm Coast (anyone)?
    3
  38075. This is great advice, wish more people would heed it. It’s common sense for us folks that are retiring soon. And for the younger folks, it’s advice that most aren’t told.
    3
  38076. I do title searches for a living, and I saw a mortgage for back in 1981 with 12% interest. I’m going to say that seeing that, rates are still low. If you have something to do, now is the time to do it - before things get to that kind of crazy level!
    3
  38077. 👍✅🫣✅👍
    3
  38078. I perfer North and Central Florida.
    3
  38079.  @MichaelBordenaro  yes and much peaceful. Non of that party my ass of all night crap even though they have them everywhere. But not all time like south Beach.
    3
  38080. Thanks, for the video.. I think renting is better than buying a condo.
    3
  38081. Sadly this is only going to get worse as the oceans rise, which is a shame because MB is such a nice place. I appreciate honest realtors who admit this is a problem. South Beach is one of the coolest places in the nation and everything is walkable ... or swimable!
    3
  38082. Thank you! 🙏🏼🌴🌴
    3
  38083. EXCELLENT VIDEO, sir. Top notch work. 👌 I live in Washington. Our governer has decided to go "carbon neutral" by forcing the entire state into being 100% dependant on electricity via wiping out ALL use of combustion appliances and power generation. Meanwhile, he is pushing to destroy our hydroelectric dams, when hydroelectric is actually the ONLY 100% green power source (solar and wind are made of non-recyclable, short-lived materials). The governor has no CLUE just HOW many homes are heated by and cook on natural gas in this state currently. He shut down our natural gas power plant, and my gas bill went from $80/month to $150/month, and electricity went from $100/month to $190. Now imagine our dams gone AND every single home and business being 100% electric dependant. What happens is we will end up having to BUY power from states that DO generate via combustion of gas, oil, coal and trash. THEIR companies will in turn INCREASE combustion power plants to make revenue off of US. Now imagine he gets the brilliant idea of banning combustion TRANSPORTATION on TOP of that. 🤦‍♀️ You bring up a number of eye-opening changes. Nice work. Thank you!
    3
  38084. Most people who went into forbearance was able to get a modified loan with a lower monthly payment. And extend it out to the maturity date of the loan. In which they would be obligated to pay the accrued interest upon selling.
    3
  38085. People aren’t going to do all this. They will stop buying condos and only buy single family houses. In my opinion, the next condo crash will be a financial one. There’s only one way to avoid it; don’t buy one in the first place.
    3
  38086. Go make some babies Michael :)
    3
  38087. Michael, there isn’t a country in the far East that I know of where a foreigner can own land. Foreigners can purchase a house, or condo that’s it.
    3
  38088. Not my type of music, but love your videos. Wanted to retire to Florida, but husband wanted Maine Unfortunately I didn't make it to Florida
    3
  38089. Huge crash incoming
    3
  38090. Right now people who own property they could rent out are winners
    3
  38091. The government is incentivizg these landlords likely the businesses or they are black mailing them in some way.
    3
  38092. Wow... This was interesting I wouldn’t want to be a single young person in this Culture. People need to be honest. As a general Rule: If Men are ready to settle down. They are looking for younger attractive females. If the Female has been hurt or what have you. She can be a great person but also be a RedHotMess. So the Man has a bit of Fun and moves on. Women: Need to listen to what men say. And observe actions. They are usually telling you what they want. Don’t read much into Physical Attraction Live your own life. Be yourself 💯 at all times. Don’t try to be what a woman thinks Men will want. If you have common interests. Common decency and goals to live an honest, forward Life. Treat people and yourself well. You’ll attract that person eventually. Don’t wait until you’re “successful” and middle age. We all know the saying about finding relationships after a certain age. It’s True! Show up for coffee w minimal makeup on. Listen well. Have a sense of Humor. If you like them; and they’re not into you. It’s not Personal. Be honest. We date men we don’t even trust or like just to be with someone. Everyone has flaws. People who pretend they don’t, might be Single for a long time.
    3
  38093. Im looking into moving to Florida within the later half of the year possibly depending on a job offer.. I've been eye balling the market of South east Florida. Prices are definitely becoming quickly out priced for most working class people. I hope it slows down or at least more inventory to choose from
    3
  38094. Hahaha. Looki good and cool. Raining there and it rained here early this morning. And like your cool weather there it is 91F degrees and humid!!😊😊 Thank you for your touring.
    3
  38095.  @MichaelBordenaro  Yes, summer time here!😊😊.
    3
  38096. Well..if investors can get it cheap enough, they will buy. But , I think many investors actually overpay. They think they got a good deal but they formula I learned to determine the most to pay for any property must be different.
    3
  38097. But buyers are already flocking in with cash to pick up all the hurricane properties and market is said to be stronger than ever in Fl ..
    3
  38098. worth hanging/leaning into every word....Can you help elaborate "creative ways to raise that 20 %" for guys like me (trying to complete 1st phase.) So I served honorably in the Navy, haven't used the VA loan yet. They - VA lenders - would still argue the 20% required down (Coldwell Bankers, Navy Federal) Mike, you know some things I don't know....besides the long haul of earning minimum wage - what else can I do...it sucks to know what I'm doing is really a solo act, even for a married guy, and my credit ain't so bad either (upper 700's -almost 800). Love your content. Lime and Coconuts for life, James Knight.
    3
  38099. ​ @MichaelBordenaro  Thanks Mike, For the record, I never used my VA loan because I'm not in the best of strategy "yet." The VA loan is a great thing to have in one's utility belt in a manner of speaking. It looks like it really is the long haul. At least until I can use my share of the equity of the property I co-signed. But until that moment when Ms AnonEmus can have a meeting of the minds, it's a downer of a 'time capsule.'
    3
  38100. I love Anna Maria Island so much! It's so beautiful
    3
  38101. Im 25, been putting money into my Roth 401k with an employer match. I should have 8M$ at 65, using 10% return and 6%(very conservative) annual raise. Id like to have couple houses(for income) at retirement as well. Oh and I moved all my investments on my 401k account to the money market right before the market turned downwards :) Looking to reinvest that in a couple months when the market is lower
    3
  38102. Great tour/info..May b moving there..
    3
  38103. I’m from Belvetucky. Cheers man
    3
  38104. Do you work out in the gym, lift weights? Or do you usually do outdoor activities cardio and calisthenics? Maybe the next vlog on your weekly work out routine. :)
    3
  38105.  @MichaelBordenaro  very cool. Thank you!
    3
  38106. Great video loved it
    3
  38107. First 😊
    3
  38108. Thank you. It's very informative.
    3
  38109. Where in Florida is this filmed?
    3
  38110. I lived in Florida (Cape Coral) for about 6 months 10 years ago and really liked it....I’ve wanted to move back ever since....been in Nashville 10 years....I’m always between Florida and LA....with the fires and the cost it’s really looking like florida more and more.
    3
  38111. Come on guys....lets get to 5K subscriptions
    3
  38112. Aws how cute walking with his wife
    3
  38113. 19:10 All high-income areas where the median home price is well over half a million or more..
    3
  38114. Appreciate what you do. 🙏🇺🇸thank you
    3
  38115.  @MichaelBordenaro  Yes Indeed, there are still a lot of people thinking buying done here. And that’s cool! Ya’ll do a great job, it actually makes the video more fun and creative. 😀👍🏾
    3
  38116.  @MichaelBordenaro  They are! No problem buddy, keep them coming! 😎
    3
  38117. Sell and live minimalist
    3
  38118. Always informative videos. Thanks, Michael.
    3
  38119.  @MichaelBordenaro  Thank you for taking the time to reply. Other Youtubers should take note of your expertise!
    3
  38120. Palm Springs $1,300,000 for a mid century modern 1225 sf
    3
  38121. generally speaking if your going to live in an area for an extended period of time ownership is far better.
    3
  38122. This will be in other states very soon. The cost of everything is up in every state. And from what I have seen costs are up all over the world.
    3
  38123. Happy to see you covering the west coast! Moving to Largo October 1st!
    3
  38124. For every one LAYOFF, it effects 5 other people. The restaurant you used to eat at, car dealerships, small business, ,, so one layoff equals 5 more layoffs. That snowballs as these other people layed off because you were layed off, cut back and more people get laid off.,,, Wild ride coming
    3
  38125. If everything is unsustainable how is it going to stop or end? What is going to happen
    3
  38126. The National Bureau of Economic Research determines when recessions begin and end. The NBER is a private, not-for-profit organization.
    3
  38127. Thank You.
    3
  38128. Why don't they bring back assumable loans???
    3
  38129. Love your videos
    3
  38130. This one was fascinating. Thanks!
    3
  38131. Hello from Seattle! Where the weather looks nothing like where you are! lol cries :)
    3
  38132. I think its not a good time to buy people will get in problems so if you have cash now your cash will give you the leverage to get better opportunities only a financial perspectif not a moral. Go for the kill
    3
  38133. There are 12 states considering to make gold legal tender and my state missouri is including the spot price in the acceptance of value . I own crypto but I think its going to be risky for most people because of the hackers in the world trying to steal it .
    3
  38134. where is the cheapest place to buy in FL????????????
    3
  38135. car edge is a great car youtube channel too guys
    3
  38136. Fucking freezing in New York 🥶
    3
  38137. What a glorious peaceful sunny day on the water…truly grateful and thankful..
    3
  38138. It’s sad, I know a lot of people moving outside the country to live somewhere cheaper. I was reading about a couple who lived on a cruise ship because it was cheaper than paying a mortgage.
    3
  38139. Just watched Graham Stephans video prior to watching yours. This video totally squashes his video. I have no respect for that Graham as his video contains a lot of falsehoods. Thank you for setting the record straight.
    3
  38140.  @MichaelBordenaro  I think if people can believe why gold is not an investment will provide a better understanding that they are basically taking a truer version of money as opposed to this FIAT currency o protect themselves financially during turbulent times in the global market. The value of the dollar can be taken away but the value of gold will sustain itself if you buy it. Additionally if I’m purchasing gold I’m doing so in preparation for bad times. That being said I will have already bought myself food and water as well to sustain me and my family throughout the upcoming turbulent times. Him saying the US treasury never defaulted is a false statement as well. Throughout history the same fraternities in the past which has controlled the value of money in country’s where FIAT currency has been over utilized to the point of devaluing itself was done prior to them creating the Central banks in all of the industrialized world destroyed those country’s from within. Bit Coin is one of a few versions of blockchain technology which generates cryptocurrency that people are investing in. However, I think people will find out that this is just another instance of FIAT currency. If the Federal Reserve and the Treasury chose to go with their own version of blockchain technology to reset the economy they will be replacing one form of FIAT currency for another and the debt that they have created by printing all of that paper money will still remain. Additionally, if they replace this FIAT currency with their version blockchain it will make bitcoin an eminent threat to their version of cryptocurrency which gives them control of the global economy thus they will manipulate the market to bring an end to Bitcoin stock. Just my opinion.
    3
  38141. Mike, you've got the best formula going here. bad but truthful news(so we can all prepare) with beautiful backdrops. ive got a question. im 45 years old. im waiting for a good deal on a home in a 55+ community in florida for my wifes father who is 65. he doesnt have much money so we want to help him and sometime down the road live in that home with him when he needs more help. is this generally possible for me to own it on his behalf? you may not know, no big deal. thanks for the great and informative and somehow relaxing videos buddy. 😊
    3
  38142. Thanks Michael
    3
  38143. Great seeing the environment as you talk!
    3
  38144. What causes a crash in market?
    3
  38145. Michael can you sue the municipalities over overcharging of water I mean Kim class-action lawsuit against a Minnesota County in Luce recite another overcharging of water pill
    3
  38146. Prayers to all.
    3
  38147. It's crazy to see those rent prices on a beach compared to California......except that wages are a lot higher in California.
    3
  38148.  @MichaelBordenaro  Definitely. I would probably enjoy Florida Beach front property more tho. We don't have those turquoise waters. More of a hippie vibe here compared to a Caribbean vibe.
    3
  38149. It’s nice to break out the cooler weather apparel. We don’t get to do it for long in Florida.
    3
  38150. It happened to me but in California
    3
  38151. I agree with you 💯 insurance is all business. During covid pandemic many pple past away due to the pandemic the life insurance has a clause stating no payments due if death happens during a pandemic or cause of. So many pple didn't get payment to bury there loved ones. The best thing to do pay for a funeral ahead save and stack chips like the old days! Two things are promised to everyone that is death & taxes
    3
  38152. there is a Kanye verse in one his song where he says..... before I had everything I shut my eyes an imagine the good life....
    3
  38153. Take it easy Michael ! ^^
    3
  38154. I don’t think it changes for worth or better. The problem are within yourself most of the time. People are trying to run away from themselves I believe.
    3
  38155. Mike I've been watching your videos for two years now and I really want out of New York State (not nyc). I hope your real estate business is still up and running by the time I'm ready to make the move. I'm still deciding if I wanna go to Tampa or Miami.
    3
  38156. Great video! Have you considered getting an e-bike instead of electric scooter?
    3
  38157. I thank god that all my children are financially independent! 🙏 "never seen the righteous forsaken nor their seed begging for bread"!
    3
  38158. And it was good.
    3
  38159. Why would banks be offering higher interest rates for short-term investments ? They are anticipating the Fed lowering rates dramatically. If the Fed lowers rates dramatically then all is not well in Whoville. Why is the treasury offering a 1 day T bill ? Could be cause we can no longer pay our bills. This is big problems people. Forget making money off housing or rentals or other. You all need to be thinking securing simple shelter, food, and clothing.
    3
  38160. Agreed! The bank kept asking me to do so (nudge, nudge). I kept saying I don’t need it! Thanks
    3
  38161. Becouse most young people cant affford roof over their heads = less famlies = less work worce = more old people = poverty. In my counter there is so many houses own by greedy investors just to make easy money and we young ones doesnt have any way to buy simple apartment to live in.
    3
  38162. Nice video 🙂 have a great day
    3
  38163. Nothing like comments trying to kill you over your FREE OPINION
    3
  38164. I'm hoping to move to FL in 2022 after my last son graduates. I've been visiting on vacation the past several years, last year i was in St Augustine and loved it too! Next month I will be checking out Naples and Cape Coral. I grew up in CA but have been stuck in WI for the past 30 winters! I cannot afford to go back to my home state and even though Im not a fan of humidity I would rather be hot than cold! Thanks for your videos. Any ideas for a single 52 yr young nurse who is out going and ready for a fun active life in the sun?
    3
  38165. oahu did this with air b b, they set a limited number of locations that can be rented out so that locals could have housing left instead of turning the whole island into a huge hotel
    3
  38166. We do not fit any of your comments so that must mean we are good to go...lol. Could you please tell me the name of the trees at the beginning of your video with the red blossoms. Are they called Flame trees? We saw them in Naples in 1980.....so beautiful, and I think that is what a local person there told us they were called..... Love your videos....Kathryn, the guitar player, from Southern California.
    3
  38167. Vacation in the area from the UK with our friends from Atlanta. Beautiful area and depending where you are on the 30A you can leave the car parked and walk a lot. Loved the driving video thank you! 👍 Next vacation for us when we are allowed is The Villages.
    3
  38168. In Cali, you can live anywhere you want. You just bring your tent LOL
    3
  38169. Would you consider doing a live chat on YouTube? It would be great for viewers to ask questions about real estate, the economy and Miami. Love your content.
    3
  38170. That clear water! Miami Beach is Beautiful, thank you for showing us Man.
    3
  38171. I agree , believe we are in recession just think it will get worse by end of year.
    3
  38172. You really did share some valuable information that perhaps a lot of people didn’t know or realize. Thank you for that!
    3
  38173. I like hanging out with you! And always appreciate the information about the area you are in 👍👍
    3
  38174. Powell only said that BECAUSE of midterms... There will be NO PIVOT by the fed this year Plan accordingly...
    3
  38175. Mike, Any comp's in the high 400's for the same size unit?
    3
  38176. Fortunately, I am selling a condo unit in MD TOMORROW without a price cut, even a $3000 over list. After fixing it up in 2021, after a tenant left, renting it to a tenant while I waited to get another deadbeat out of another unit, and the new tenant went there (son of a friend, he's a GREAT tenant BTW). I had some minor repairs to do, replace a patio door. Put it on the market early October, got a buyer that pulled out a week later because his stupid estranged father said he could get more, based on what his other kid bought 2 years ago for 3.5% interest vs. 7% !!! However kid's mom is a real estate agent and begged him to buy it!! Anyway, a week later ok 3 bids came in the next week, one lowball!!!, but the one I chose was $3000 higher than my list price. The first-time buyer had even gotten a 7% mortgage with a cosigner, but no glitches, and we close tomorrow. now or
    3
  38177. By me in south suburban chicago the city is cracking down on The housing conflict and condemning houses alot of them.
    3
  38178. i'm going to miami maybe the keys late november where is the best place to go swimming with warmest water???
    3
  38179.  @MichaelBordenaro  makes sense
    3
  38180. 2 of my favorite RE analysts together!!! I was missing Nick 🥳🥳🥳
    3
  38181. Great Video. People need to think Micheal.
    3
  38182. your on fire.....i feel like everyone is moving there....all my peeps from ny and us from Europe.....lovely place and always such a relaxing place to , play and chill and train......the new cali without the prices.......its a new saga my friend....
    3
  38183. People are broke Michael it’s very possible. I live in the real world.
    3
  38184. I'm looking for someplace semi rural ...any suggestions for my research...
    3
  38185. Appreciate the budget and beach focus. Miami is 6 hours south so the specifics don’t apply to me but it’s interesting comparing where I lived in Venice beach California to Miami Florida
    3
  38186. Just saw a clip of Fed-JP, he said that the rent inflation will be here for awhile🤦🏻‍♀️
    3
  38187. Great job on todays video Michael. I agree it is definitely possibly to hit 2012 inflation adjusted. Once inventory starts to rise look out below. And I disagree that people won't give up their 2.5 rates. When they see their home values start to plummet they will not want to feel trapped upside down.
    3
  38188. This is ridiculous. If they keep it up, about half of Florida will be out in the street. The banks, insurance companies, and FPL have to be lying in bed together. What a horrible threesome 😢
    3
  38189. People want off of this crazy train and it's starting to show.
    3
  38190. In the process of closing on my first house in a nice area with 9-10/10 schools right outside of Milwaukee. The seller basically flipped the house for almost 2x profit in a 4-5 year time span. Our interest is right under 5% but I'd rather take on the burden of paying extra every month than never owning anything/losing money on rent.
    3
  38191. Michael, they will be going 1.00 not 0.75, Most likely September on the 0.75 Take it easy
    3
  38192. Wow! I watched this in 4k and it was fabulous! Loved the close ups of the flowers and trees. The textures were captured with your camera perfectly!!! I love the architecture in Brekenridge, though I have never seen it in person. Thanks for showing us the place! Enjoy your trek across the land. Safe journey to California. Hope you don't encounter any of the fire residual damage and smoke that is going on out there!!! Take care!
    3
  38193. Yea my boyfriend don’t want to go back to CALI either, he grew up there, at 19 he got locked up and did 15 years in prison due to drugs and gang activity. Me I’m a French woman. We live in DallasTexas, we like it here.
    3
  38194. Michael Bordenaro Thank you Michael for your support and a great channel 💕
    3
  38195. We paid off the mortgage to not have to pay 5K a year in homeowners insurance. The hurricane deductible makes it so that you have to have an Andrew come through for the insurance company to pay anything. Such a racket! No income tax, low sales tax, but we have real estate tax. Mine is 5K + a year. 3K sq ft sfh. My FPL bill is $280 year round on their budget billing. Winter less, summer more, but this way I pay the same year round which I prefer. Water is $300-$400 every quarter. I'm old enough to remember paying $125 a quarter before Andrew so it's gone up a lot. The crazy thing is it's mainly the sewer cost, which is twice the water. You also have to account for higher health insurance down here, the malpractice capital of the country - if you buy your own health insurance. That's one of my highest bills. I'm 59 - so pay considerably more than the younger folks. ;)
    3
  38196.  @MichaelBordenaro  True, you don't "need" it but that's one insurance that I feel it's crazy to go without. Healthcare is crazy expensive - it can wipe you out with just one accident or illness.
    3
  38197. Unemployment rate is very deceptive. 1. Anyone can post job openings for free on Indeed. I've done this on Indeed, just to get resume ideas. 2. An unemployed engineer who takes a job as a waiter counts as an employed waiter, not an unemployed engineer.
    3
  38198. Can u post any pictures of your modeling days?
    3
  38199. I know south west florida has really tightened up on its rental laws. I wonder if I could buy a condo on the Canal in Cape Coral and rent out the boat dock.
    3
  38200. I like these videos seeing the housing market. Miami is very expensive tho and high taxes and maintenance fees.
    3
  38201. What about the COMMERCIAL REAL ESTATE? How is anyone gonna 'work'?
    3
  38202. Seems like FL is getting warmer. I just moved here in winter 2021 and I don’t remember November being this hot. Was shocked to find out TX was 45 degrees near Dallas meanwhile FL is over 80. FL is not for people who can’t handle the heat.
    3
  38203.  @MichaelBordenaro  would be interesting to hear how FL has changed over years such as weather, lifestyle, etc. I love it but have heard the state has changed a lot especially over the past few years.
    3
  38204. Great job Michael, I like how you edited and narrated this video and you did a great job showing us your beautiful hometown! Thank you!
    3
  38205. Great video!
    3
  38206. What do you think about moving to Boca Raton from nyc?
    3
  38207. Look at that azure water🌊🌊🔥💛 !!!
    3
  38208. The only winners here will be sellers who save on commission, but the paradox is agents cannot offer commissions on MLS any longer, so will that create lower sales price of the homes? The only winners in this situation are lawyers. Buyers get kicked down to the dirt, although they may get a better price, because not as many buyers will know the homes for sale without it being on the MLS offering commission.
    3
  38209. Awesome video Michael . On my to do list now.
    3
  38210. I believe Mexico has laws that state you must be a Mexican resident to purchase the LAND. This is what I found on Google. Foreigners can own property in Mexico. It's perfectly legal. Outside the restricted zones—50 kilometers (about 31 miles) from shorelines and 100 kilometers (about 62 miles) from international borders—foreigners can hold direct deed to property with the same rights and responsibilities as Mexican nationals.
    3
  38211. Think you for not saying Bomb cyclone. Number one reason I like your vids, you're not a fearmonger,
    3
  38212. Went to Florida last month for 2 weeks spent most of the time in Miami, but visited Tampa area and up north. I've been to Miami before a few times but on (vacation mode), but this time I was (can i live here? mode) I'm sorry, but I could not see myself living anywhere in the Miami area; traffic is bad and outside the beach areas all the neighborhoods felt sketchy as heck. I was a truck driver, I'm used to seeing bad drivers, and I grew up in the Hoo_. I did like the Tampa area, and most of the area north of FT Lauradale, so if I ever move thats where I'm going.
    3
  38213. i live in indiana currently i’m 17 and turn 18 in october and graduate high school very soon my goal is to move to florida i love the warm weather and love the fishing down there we go every year but i really think i would enjoy living there after high school the only problem is i wouldn’t know any good jobs down there and i don’t want to go down there and not be able to find a good paying job do u have any tips
    3
  38214. Michael Bordenaro i’m taking a trip down there in october by myself for the first time i think i’m going to boom the trip where i’m thinking about moving to and i’ll ask around then and tell them i’m interested in moving down and see if i can find me a job to get me started!
    3
  38215.  @MichaelBordenaro  Very good points there. Have a great holidays!
    3
  38216. What is going on in America nowadays? We need have more houses, less expensive and more rich people than the poor. This is not normal to have homeless in our hometown or new city. Damn I hate living nowadays!
    3
  38217. Thank you Michael. I watch your shows every day. Great job. Keep it up... Also look at the middle east homes build with concrete and still standing after many wars. Mayor it the hot desert weather keeps things cooler with concrete. But they seem a better way to go if you want it to last for a very long time.
    3
  38218.  @MichaelBordenaro  Thanks Brother!
    3
  38219. In canada, if you stop paying your property taxes, after a while the city can legally sell your house to recoup the outstanding taxes.
    3
  38220. I will put down much more since I have finally have equity once again after my property values plummeted in the early 2010s. That along with a small windfall I will have 100k to put down on my next home whether I move to Florida (Tampa/St. Pete) in 2-3 years or stay in NE Ohio. My price range in either location is 200-300K in either location or 150-200k for a higher-end brand-new manufactured home in FL in a 55+ community. My current home was a new construction townhome I bought new in 2004 with a 103% loan to cover my closing costs. The money I saved then for a down payment was in the middle of recovering from the .Com bust and I didn't want to cash that out.
    3
  38221. what about the fort myers/cape coral/naples area?? Great idea though. Also the Tampa/St Pete/Clearwater areas.
    3
  38222. Great video! First to comment
    3
  38223. Another Sane video Michael.
    3
  38224. Impressive presentation worthy of my new sub 🙏🖖
    3
  38225. When will seniors wake up, and realize they are being screwed! Yet, they keep voting for sociopaths and psychopaths, that could care less about seniors.
    3
  38226. Hanging on tight! In for a tough landing!
    3
  38227. Rates won’t hit 10% that would destroy everything with these ridiculous prices
    3
  38228. It’s one of your BEST 🎉 production!! This should be shared with the future generations!! WELL DONE 😊!!
    3
  38229. We’re thinking of a move to Naples by next year. I want my adult sons to follow but have a question: is it a good place for single males late twenties, early thirties? What are the prospects for meeting young ladies if everything shuts down at 9 pm? Does anyone have any insight into this for me? Is Naples filled with retirees?
    3
  38230. Thank you for this intel…and I agree with you —->. ⭕️
    3
  38231. Great advice, really like your Florida Real Estate videos. But... Why are you not covering the 2nd fastest growing city in FL for the last 5 years?.... CAPE CORAL. (Not Fort Myers) ... just the Cape. Thanks, Love your You Tube advice!
    3
  38232. Michael what’s the name of the park at the beginning of the video.
    3
  38233. Off the cuff is good . Thanks
    3
  38234. I live in FL and the home prices have really gone up. But, IMO, the “sudden” increase in people moving here is due to politics. FL is a red state with the best Governor you could ask for. Freedom and liberty are especially important to him and Floridians (and most Americans) feel the same. If you’re selling your house up north, you can still get a better deal in FL and the taxes are definitely less.
    3
  38235. Shout out to the stock footage of a family buying a home, with the careful planting of daughters that look way too stacked to be teenagers!
    3
  38236. A thousand bucks a foot for that house, in that area, is cheap!
    3
  38237. as always i appreciate ur time an insight brother !
    3
  38238. State Taxes is the reason I’m moving to Florida hands down!
    3
  38239. Thanks Michael! Hoping to take vacation in Longboat Key this year or next. Love the gulf coast but east coast is beautiful, too. Just going to continue to enjoy week-long vacations in FL instead of move for next couple of years. We’ll see what happens. Thankful we are FL neighbors living in GA…not too far a drive.
    3
  38240. Really nice video and area......Is there flooding on the islands when there is a king tide and/or heavy rains ?......Thank you and Happy New Year !
    3
  38241. Please keep in mind regarding cost of living differences between CA and FL, the COL varies dramatically depending upon where you are within each respective state. A general CA vs. FL COL comparison is not useful.
    3
  38242. 👏🏽👏🏽👏🏽👏🏽👏🏽💐💐💐✨
    3
  38243. They only want to smoke a marihuana and play the atari.
    3
  38244. it is very reasonable to be concerned after this tragedy. If i were in your place, i'd leave as soon as I could. However, you said you live in the 13th floor. Not sure if it can help anyhow with your fears but usually people in the top floors have higher chance of survivability (because in a building collapsing scenario most of the building would be below them and wouldn't fall on them).
    3
  38245. Great vid 🔥try to do one in the down south next time if you can
    3
  38246. Thank you for that video. Helps me a lot
    3
  38247. Buddy of mine lives in Hawaii. His next door neighbor is a home inspector. His neighbor was working 7 days a week. Now he sits at home everyday and his wife got a job. Interesting
    3
  38248. Nobody should work for free. Charge a fair price/percentage and people will pay. Charge an unfair price/percentage like the 6% in the United states and people will try to circumvent. European real estate agents only charge 2% if I recall correctly.
    3
  38249. Hey if we could have a massive amount of foreclosures from all the investors that want to rent these places out I’d be happy. Makes it easier for people who actually want to buy a home to live in.
    3
  38250. I want move to ocala is good or dangerous.
    3
  38251. When do people start dealing the flippers and investors who have caused the biggest bubble in history? They are getting rich by destroying America and stealing your familys prosperity.
    3
  38252.  @MichaelBordenaro  Yes, I agree. They really spoil the atmosphere of the area. It used to be beautiful. Too bad the town didn't use more restraint with their development planning. Sadly it's usually the $ that is the motivator.
    3
  38253. 💯 correct, when I moved to Florida originally I was 23 years old. I moved back because of a bad marriage. Now I’m retiring early in 35 months and the idea of a move back to Florida to a retirement community is exhausting. Selling a house, buying another ect ... however, I believe the new experiences and the desires will be worth it. For you and Liz you guys are still young. Love your positive attitude.
    3
  38254. Agree electric cars
    3
  38255. A hurricane will will keep the beach property from expanding. I'm sure insurance is high.
    3
  38256. Hey! 👏 Great appearance!
    3
  38257. Quit yelling at me to get off your lawn Michael LOL😂😂😂😂 sounding like an old seasoned man now
    3
  38258. people are so jaded out with love and relationship it seems impossible to meet anyone of value
    3
  38259. Thanks Mike. For me one of the first things I look at are the property taxes and HOA fees. I've seen quite a few "nice" places that are reasonably priced, but have out of control property tax and hoa fees. And that's cool you do consulting calls now. I was considering asking. Great minds..
    3
  38260.  @MichaelBordenaro  Yep I've seen this exact thing on a few properties in the Naples area. Non-starter for me.
    3
  38261. Welcome to the club 🍸👯🎶 .. Stay strong and keep hodling.. Quick fact.. Anyone who buys bitcoin anytime even in the worst possible price possible and hold at least 4 years is in the green and will always be in the green.. Just make sure u keep it safely though
    3
  38262.  @MichaelBordenaro  spend fiat.. Save bitcoin.. 😅
    3
  38263. Very useful information. Thank You
    3
  38264. Michael = the voice of reason
    3
  38265. Keep it going! Great job
    3
  38266. Great video 👍🏼
    3
  38267. Great Christmas Eve discussion! People really need to hear what you are saying.
    3
  38268. A lot of people that are nearing retirement age stay in the stock market for too long and then market declines, they can't retire and complain profusely about it
    3
  38269. Another good one,thanks.
    3
  38270. Air is good? Florida doesnt even have an emission check yearly.
    3
  38271. Michael, I have viewed most of your Florida videos. My wife is retiring in early July. We plan on moving down within a year thereafter. The problem is we don't know where...We like living by the ocean. We are going down to Sarasota in April. Other than the east and central parts, we haven't seen much of the west coast. Feeling torn between the two. Definitely want to rent at first, then perhaps buy if we like whatever community we decide on. I like your style. When we are ready, I would like to call on you for help regarding our move...Tony & Carmen Montagna
    3
  38272.  @MichaelBordenaro  You do a great job with your videos!!
    3
  38273. Just ask yourself - is interaction with colleagues beneficial for my work - if yes - go back to the office so you are not overlooked for the next promotion. ..... guess who will loose their job first. The person no one has a personal connection with. 12:45 how are you going to argue that the house you just paid 800k is only worth 400k
    3
  38274.  @MichaelBordenaro  most of the reviews people act like lunatics lol.
    3
  38275. nobody wants to catch a falling knife
    3
  38276. Thank you, a real great show.
    3
  38277. You ever wonder what happens to the college money paid in? Most colleges dont pay taxes...whos getting all the money?
    3
  38278. Thank you for incorporating a map visualization of the trip @2:18, very informative video! :)
    3
  38279. Most mortgage renewal will come in 2-4 years for buyers that brought realestate after the Covid pandemic. That means many people have to renew their mortgage in 2024-2026. Long before that time, government will be forced to "pivot". They will have to be lowering interest rates in order to save the economy. Their #1 priority won't be (inflation), it will be the economy. They will turn on the money printer again and start another round of QE (free money). That will = another round and more INFLATION. Inflation will rise for the foreseeable future. We will be in a global recession. Interest rates won't matter when people are unemployed. People that want to buy realestate simply won't have an income to qualify for a bank loan much less a mortgage..
    3
  38280. This is beautiful video. You're saying all the things others need to hear. I wish this would go viral to multiple millions of people. Thank you so much ❤
    3
  38281. @Michael Bordenaro As one of your faithful followers, It sure would be a blast if you had a live show in the park, and we could talk to you and each other live. We have such a great community. Maybe even do a collab live with Adam Taggart! YOU are great, and imparting such wisdom and inspiration.
    3
  38282. Thank you for a great tour!
    3
  38283. The legislative measures you describe are really not bad in principal. There were similar in the 06 to 2010 period. The market eventually took care of itself. Perhaps it just an indication of where we are on the curve. Not draconian like what blue states are doing. Will be interesting to see if Floida shift to negative net migration like what happened in last go around. Seems unlikely, but was also incomprehensible in last go around. As far as encouraging developers to build low cost housing, the cost of construction makes this unlikley to be offset by tax credits.
    3
  38284.  @MichaelBordenaro  Just a joke I tell my friends who want to visit!! Love it here in Florida, sorry you misunderstood the joke :) nice job on your video's!!
    3
  38285. At least the Barber Shops are Open !!
    3
  38286. nice video, one of the other reasons for rent going up in Canada is because of so many Ucranians are arriving in Canada they already had a problem with no enough inventory for rent, I know because I will soon move to Canada and is very hard to find an affordable place to live.
    3
  38287. You can please all the people all the time That's normal human behavior. Ignore the ignorant is what I say Interesting videos every day, I live on the Gulf Coast in Florida. I'm retired and planning on building a small lake house here. Just waiting for materials to come done more before I pull the trigger. Thanks for the content Michael. Well done and very cool as always
    3
  38288. 9.1% is bogus. Home mortgages will have to hit 12-14% in order to curb inflation thus home prices coming down from lack of buyers. Just ask Jimmy Carter.
    3
  38289. Happy belated birthday Michael!
    3
  38290. I wonder when people are going to finally push back on all of this BS. So far, people keep tolerating being treated like cattle and getting robbed by the gov. They love "undocumented" people but won't do anything for its citizens.
    3
  38291. Glad that you and Lizzy are ok,.. I thought that your building was the one...God bless all those affected by this horrible tragedy.
    3
  38292. $25k on rent... Yeah right!
    3
  38293. I knew I liked you. Smart suggestions. I had to do it years ago. I still try to be frugal in some ways. Coupons are great...clearance racks are a good way to save money. I still make my own coffee because I like my coffee immediately before dressing. I enjoy cooking and only eat out once in a while. And always use the grocery store circular or online. Buy what's on sale. Unfortunately your shades are no longer available...bummer
    3
  38294. Karens!!!!!
    3
  38295. do you get a better deal on a short sale or a foreclosure?
    3
  38296. So good your YouTube video. I love you lot your YouTube video. I subscribe your YouTube channel just now please checking your YouTube channel.dear brother.
    3
  38297. How do you get such great quality on your camera? Is that just from shooting in 4K? I have an iPhone 11 but the 1080 looks crappy in my opinion. Did you film this on your 12? Any other settings you changed? Looks amazing
    3
  38298.  @MichaelBordenaro  yes, I’ll check it out! I also use a Sony a6400, it does shoot 4K, but the files are so big, I just stick to 1080 with it. But I’ve found it so much easier to edit my phone videos, I will try the 4K. Anyway, great content, as usual!
    3
  38299. I was born and raised in CA, living in Santa Monica, the Bay Area, east of Sacramento and northern San Diego areas. Couldn't afford it once I became an adult, got married and then had a child so I moved with my ex to his home state of WI and have been stuck here for 29 yrs (I've called it my prison sentence). My ex said we would just live in WI for 6 yrs as he started a new career, but after 10 yrs I realized he had no intention of ever moving back. I divorced him (obviously) and will finally be able to move in 2022 once my last son graduates and am now looking at Florida for many reasons. I have no family left in CA, I still can't afford to live there and so many of my friends are planning to leave in the next several years. I'm totally heartbroken but looking forward to living in another place I've come to love, despite the humidity and bugs! Thank you for all your videos that offer honest and eye opening information (esp about the humidity) so I can plan better. And YES CA should be called the sunshine state! But Golden for the Gold Rush (where I went to highschool is and is now super inflated as well!) and golden rolling hills. Desperately miss the CA mountains!!!
    3
  38300. I have so many friends with money still buying right now and I tel them to wait and they say they just don't feel like it. Their time isn't worth it. I can't see how waiting a couple of years can't be worth it.
    3
  38301. Excellent video
    3
  38302. 👍✅🙀✅👍
    3
  38303. Michael, what auto insurance company do you use? $1,300/6 months is insane
    3
  38304. all for re election
    3
  38305. Go to Destin next time or Mirimar beach so cool
    3
  38306. So is this area in transition? People buying and then rebuilding on lot.
    3
  38307. I live in Port Saint Lucie and I Love it and the places that surround it like Hutchinson Island you should check it out
    3
  38308. Oh the upgrade suits you Michael, lol. Love it. Great presentation - I hope you sell it.
    3
  38309. I live in Hernando county for over 20 years now and it does not scare me one bit. Ive owned once a house with a sinkhole that was repaired and It was more stable then my current new house with no sinkhole. I guess it’s just luck of the draw. Like you said, fact of life here in Florida. I’m not going to walk away from a great deal just because I’m in sinkhole alley. I had a higher chance of getting mugged in NYC when I lived there then living on a sinkhole. I recall before the housing crash a few years ago, everyone and there mother had a “sinkhole” so they said here in Pasco-Hernando area. They saw a settling crack “sinkhole” a gopher hole “sinkhole” a crack on a Sheetrock “sinkhole” my mother in law on the floor “sinkhoe” ..lol. and they ran insurance so high that we could not get insured except by the state insurance company called Citizens Insurance. It was crazy times. Not every crack you see is a sinkhole. House built on sand like they are here in Florida do settle worst then in any other state.
    3
  38310. Did the interest rate drop ? If so how does this affect the housing market?
    3
  38311. Everybody needs to stop saying SPF. They need to start saying Mr. bankman-fried, because SPF sounds like some sort of corporation.
    3
  38312. Your best video yet. Keep them coming.
    3
  38313. Price em right , was looking at homes on a lake in SC as a second home to move to in few years as retirement . I have seen exact home back on market that two years ago was 350k , there asking 525k after having on VBRO 2 years . No thanks
    3
  38314. What’s the streets numbers for north beach??
    3
  38315. Here in socal it's a very bad time to buy. Timing the market is crucial, sellers aren't reducing the price and buyers ain't buying. How do I know it's a bad time to buy? Realtors here are saying it's "the perfect time to buy", you can't make this stuff up!
    3
  38316. So people with adjustable rates gonna start losing houses ?
    3
  38317. Build it and they will come only works in the movies . The American dream is now a two bedroom apartment . Will the cities recalibrate the real price of homes and take a hit on the property tax . No way ,they will keep the homes at the inflated Covid prices . Thanks Michael , you are becoming the voice of reason for the business.
    3
  38318. Moving away....to Florida!!!
    3
  38319. I’m from Joliet,Illinois and your videos are great
    3
  38320. Furniture is not included like a sublet, does it?
    3
  38321. Can what is the zip code where are you what is the zip code of that place thank you Michael
    3
  38322. I like this news! 😃
    3
  38323. Finally a good video that makes sense ...Thank you for valuable info!
    3
  38324. 10:43 has the best 😍💋 💝💖❤️
    3
  38325. I’m 18, and it really sucks because i made terrible mistakes in my opinion! Plus the video quality looks great
    3
  38326. I’ve said this to friends who have spoken about rent payments being more than an equivalent mortgage The risk profile is completely different. Lose your job while renting then you can be kicked out and someone else found to pay (and probably service any debt on that property). If you lose your job and can’t pay the mortgage the bank has the large block of capital they need to recover (not sure what it’s like in the states but in the U.K. it’s a lengthy process to repossess a property hence the lower amounts of capital they are prepared to lend out)
    3
  38327. Could you do a video about Lakeland?
    3
  38328. Great video. Thank you!
    3
  38329. I like my $300k condo in Michigan, less than $4k prop taxes, low insurance.. should be paid off in 6 months.
    3
  38330. NICE👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
    3
  38331. Drop, prices, drop! Thanks for the interesting scenery and thoughts. Great channel. Very little hype or scare tactics.
    3
  38332. Working our way down that list Michael! 👍🇬🇧
    3
  38333. The “Free Market” can handle the Micro Issues, I.e. building homes, create goods and services, buy/sell, etc. The problem we have in the USA is a Macro Problem, I.e. Land Management, Infrastructure (roads, utilities), taxes, regulations, etc. We have spread our communities too thin. We need to increase density as it is too expensive for cities to operate when the services are too spread out.
    3
  38334. 💯💯💯👍👍👍
    3
  38335. Enjoyed it Michael…thanks for sharing…I’ve lived in South Carolina all of my adult life but my home island place until college was even more rural/remote by far than your town……Pelee Island, Ontario. Always love visiting Florida! 🌴🌊😎
    3
  38336. It always depends on said circumstance. People will not get rid of golden handcuffs, unless they really had to .
    3
  38337. Yes make that video
    3
  38338. Many trusted economists are projecting an economic collapse. Driving any distance to the beach at $5-6 a gallon could be a factor. The East Coast and somewhere within walking distance to the beach makes more sense, but, that's yours and your lady friend's decision to make. Safe travels and Godspeed!
    3
  38339. 8742$ property tax for your condo is sick!
    3
  38340. Hell yeah on the implosion livestream
    3
  38341. Those drowed in high debt(mortgages) will soon be financially in trouble. That's simple math.
    3
  38342. That red vining flower you mentioned is San Diego Red Bougainvillea. 😊
    3
  38343. The ARMs weren’t too bad for many years. Stay away now. We had an adjustable HELOC and some months the rate increased 3 times to over 9 %! Paid it off right quick. Fortunately, it was for just a small amount
    3
  38344. When you said, "Avoid additional expenses"...I thought you were going to add..."such as buying a car like this white Ferrari here"... (at 3:25). As a car guy, I'm always amazed at the array of luxury cars you pass.
    3
  38345. It never works when you think “I’ll just have to drive 45 mins to get to…..whatever”. It always ends up being too painful! I did it when I came home to Dublin. Big mistake. Missed city way toooo much. Not even a coffee shop. No way.
    3
  38346. You're a cool dude man.
    3
  38347. Michael how is in Miami Beach summer time is here hot !!!
    3
  38348. id either put rocks down in place of the front lawn or get artificial grass
    3
  38349. Great advice I’m a lot like you, I retired at 49 from what I had to do and now do what love to do. Downsized 5 years ago rejected the jab, invested in inflation beating assets, I’am now 63 with my wife living a happy modest life close to kids and grandchildren. Being a little nomadic at times, health and time are more my daily concern. 👍😉🙏
    3
  38350. they don't have all of the money in the world. banks has the money and this money is increasingly expensive to get. RE no longer profitable. there wont be cash offer unless seller drop prices by 70%. do not get misleaded by thinking someone will bail you out with your huge debt. There is NO institutional investor at this level of the game
    3
  38351. We saw your video and we bought townhouse in St.Johns two weeks ago😄😄😄😉👍
    3
  38352.  @MichaelBordenaro  thanks! It was a chalenge, because we live in Northeast. We came for four days and managed to find the property, put the offer and close the deal. We coming back it two weeks for closing. You have to be ready and not too picky to get the deal in this market madness 😉
    3
  38353. Beautiful footage! It reminds me of a town from up North like you’ve mentioned. And totally love a picnic in a place like that, lol. Looking forward to seeing more of this adventure!
    3
  38354.  @MichaelBordenaro  LOL! Ditto! Thank you for showing! Never knew a town in Florida would look like that! 👍🏾
    3
  38355. I always thought your rent/mortgage shouldn't exceed 25% of your net income.
    3
  38356. Yup and with these rates they are 200k over valued!
    3
  38357. Real people. The government is not aware of how the bond market works and they are making the rules for debt for the country
    3
  38358. You're one of the lucky few Michael that has to worry about having 3 million dollars FDIC insured in your bank account. Most Americans don't have such worries, they feel good if they have a couple of grand in their account.
    3
  38359. I like it; your video. My favorite beach is outside Stockholm, Sweden. I am quite soon moving from Sweden to Lisbon, Portugal. So I'm going to create beach life outside Lisbon!
    3
  38360. Michael Bordenaro Nice. I retracted after reading up. Nice work man. I’d say I’m in a similar position. Sold my RE brokerage a couple years back. Now allowing time and creative abilities to expand and scale 🤙🤙
    3
  38361. Great video
    3
  38362. I just subbed! You are talking about the market I’m in right now. As a licensed agent in my market, I am already wanting to buy property because it has dropped significantly. But I’m going to take your advice and hold off a little more. I am starting to feel as if this is a generational thing as well. Most of the buyers are millennials and they know that they are getting screwed by a lot of baby boomers trying to retire and have their own golden parachute to do so off of the backs of millennials and generation Z and generation X. It seems as if the younger generation is saying, no more.
    3
  38363. Gorgeous area.
    3
  38364. The data support the Fed standing pat until at least June imo. Then, as you say, the election is going to put a chill on Fed moves.
    3
  38365. want to see cheapest icean front houses on east coast!
    3
  38366. sorry are you a realtor and are u Italian? lol
    3
  38367. OK..nice to know.. Incase I need to sell and buy later..
    3
  38368. Michael Bordenaro😀
    3
  38369. I'm holding out to scoop up one of those fancy pants lakeside airbnb vacation rental homes when the bottom drops out.
    3
  38370.  @MichaelBordenaro  Exactly, good luck on all your endeavors!
    3
  38371. Yikes wonder what the average household size is, 20 people? Maybe if you split the rent 30 ways it becomes affordable
    3
  38372. Mike, you lucked out one a serene day with no fog or wind!! Glad you could enjoy.
    3
  38373. Wait wait. I'm planning on moving to Florida and I do own the same guitar and want to get a Dual Recto. This is the answer hahaha
    3
  38374. Great video! Didn't know about this place.
    3
  38375. How about to live in sunrise I need to know I'm moving in December
    3
  38376. Michael, you are right. Just wait until Trump's Tas Cut expire. Ouch!!
    3
  38377. I thought the bars on the windows was because the area was dangerous.
    3
  38378.  @MichaelBordenaro  That's exactly the reason why those bars are on some of the windows. @Jay J They are legacy from decades ago.
    3
  38379. That sucks, not only do you have to pay a lawyer to get rid of him, your not getting any rent money either, and I am sure you'll have damages you have to fix, and that guy has some nerve asking you to fix things when he isn't even paying his rent. What a POS
    3
  38380. So many times I want to say to Michael, " stop pls turn the camera & show me what plant was on the beautiful arbor." Or what is the name of that paint color of the house you just passed 😊 I love his interesting content as much as the visuals!
    3
  38381. Some people want/need a house and they’re making a long term investment. Fulling willing to be underwater 2-5 years but 10-15-20 years….. still sound. Make your offer. Lock in your rate. Be prepared to walk. I’ve seen offer accepted 12% under asking in Ocala.
    3
  38382.  @MichaelBordenaro  I can do the same with a mortgage house, right?
    3
  38383. Totally agree with this 100%!
    3
  38384. Michael, have you done any videos about Port St. Lucie?
    3
  38385. I was curious about a custom built manufactured home, but with a printed home, much like a cargo container home, what are the acoustics like, insulation, energy efficiency. I’m not sure a printed home is going to stand up to hurricanes or earthquakes. I don’t think the solution is finding cheap shortcut ways to mass produce housing. We have a systemic financial crisis. Printed homes is a band-aid.
    3
  38386. I live in maine after 47 years I'm done with the cold and boredom, In the Tampa area Is there housing priced like around here in mid coast maine thats like average 2 bed ranch style in a decent area the 150/175k range without having to be way out in the rural areas? And are there houses in that range with even a modest In ground pool or does that drive the price up considerably? I wouldn't mind being a few miles from town just not 20 miles. Any input would be appreciated thanks.
    3
  38387. In one year price doubled this is going on all over Miami
    3
  38388. Debt-based Economics is so full of FAKE: 1% ..."Fake it till we make it" (?) Michael gives the reality 💯%
    3
  38389. Hi Michael, great video. Can't wait for your travel videos around the US. I'll keep a look out 👀for this. Just stay safe. Sending love from Rosie O🌹 from Devon England 🇬🇧👏
    3
  38390. Michael, living in Europe I miss this point: do you mean 50k net or gross ?
    3
  38391. Hey Mike, First of all, Stay locked in man. I've been watching your videos for over a year now and I know you've been working hard with your channel. Throughout this time, I actually just moved down to Florida (Lauderdale by the Sea) My question for you is did you purchase these places cash, then rented them out? Or how did you go about this?
    3
  38392.  @MichaelBordenaro  for units that you do own - do you buy it out cash or what are your first steps?
    3
  38393. What kind of degree do you need to be a FF? 15 years of paying.
    3
  38394. I..totally..agree..w/most..of..this..&..am..pleased..you..are..pointing..out..very..real..considerations...We..had..a..choice..btween..San..Diego..&..FL...Northern..San..Diego..Cty..was..actually..financially..a..better..choice..Lower..housing..cost;..much,.much..lower..property..taxes..&..Insurance..Also..In..a..way..bc..everyone..is..leaving..CA..it..should..become..more..livable..We..are..happy..with..FL,..but..it's..only..a..lifestyle..choice;..not..a..financial..one..Sorryspacebarisnotworking.
    3
  38395. Hi Michael!🥰 thank you for sharing and your honesty. ❤
    3
  38396. Congrats brother, keep it up!
    3
  38397. What do you know about the treasure coast? Would love to see a video dedicated to living there, costs etc etc.
    3
  38398. I can relate. I like my home and my own bed. If I cannot stay in as nice place as home . I won't go.
    3
  38399. Take the first offer. I had happen to me several times.
    3
  38400. Absolutely good advise I’m using a realtor now to help relocate my sister . She lives upstate Rochester NY . I’d be stress out without a realtor .
    3
  38401. Hey Michael..NYC is picking up as well, especially the outer boroughs. Nothing was moving since the pandemic began. Now I see many pending in contract. It takes longer to close here especially with coops. The stock market is also doing real well and almost back to pre pandemic levels. I too felt that real estate could Tahiti is summer but much to my surprise my home in Tampa went up in value. Things are looking up.... let's stay in that positive vibe. Be Well
    3
  38402. But it's not a bubble if there's not enough inventory.
    3
  38403. Get a solar generator and at least 300 watts of panels. I was there in October 2005 when the power went out for 10 days.
    3
  38404. Finally! Congrats bro I know you’ve been wanting to travel Florida for quite a while now so I’m excited to see how it goes because it’s something I want to do too! Best of luck & safe travels
    3
  38405. So cute!
    3
  38406. A mix is always great 👍🏻
    3
  38407. Ill know ill nevet stay in one
    3
  38408. Oi MB 👋 I got it...that was adorable 😍 to share. Great job 👍
    3
  38409. Ponder this. Millions of men aged from 22 to 40 do not work willfully. I wonder why the manipulated U3 unemployment is so low? Just imagine how high unemployment would be if half those men did work and lose their jobs?
    3
  38410. Florida tourism?
    3
  38411. I follow Ryan Scribner on TikTok and I've followed Valuetainment on YouTube yrs ago, but I have to check his recent vlogs.
    3
  38412. Great Point, I have found 2 or 3 homes that were underpriced even if they need a lot of work. These were in the low 200s and median house here is 350k for that sq ft.
    3
  38413. Mikey new rule: every 3 videos about the housing market crash, u make 1 video of u walking down Miami beach showing us paradise… so we don’t get too depressed😉🤣! You’re the best…👍🏽
    3
  38414. Thank you for sharing your journey!
    3
  38415. Tax break today tax height tomorrow.
    3
  38416. Michael Bordenaro we wanted to buy a house over here on O’ahu but a looot of single family houses are not VA approved so we ended up renting which is cheap in Hawaii then buying. Thanks for your quick reply👌🏼 stay healthy!
    3
  38417. 357k foreclosures after house prices have increased 40% does not seem normal at all. And if it’s ppl that just bought after the run up how did they even qualify in the first place.
    3
  38418. The beaches in California are not great because the damn water is too cold. Also, seafood in Florida is MUCH cheaper than California.
    3
  38419.  @MichaelBordenaro  But I think you not showing us made everyone curious to see it. 😆 nice little resort!
    3
  38420. Thanks for updates!
    3
  38421. Also the working girls are increasing the price in Miami?
    3
  38422. Joys of home ownership..leaf blowers and dog pee/crap...on your lawn from your neighbors..fyi.
    3
  38423. Electric car can be shut off anytime they want. Anytime
    3
  38424. LOLOLOL!!! I'm a New Yorker, and I've never even considered West Coast! Don't ask me why - I've NO IDEA!
    3
  38425.  @MichaelBordenaro  May be i thought I could take a bus there from New York
    3
  38426. Hey Michael, did you hear the news about the Hammocks HOA? Over 2 million stolen from residents money 😳
    3
  38427. Great vid Mike!!
    3
  38428. Personally my number one reason why I wouldn’t move to Florida even at gunpoint is the weather aspect-hurricanes to be exactly on-point. Until the people there and other vulnerable states build hurricane-resistant designed homes, I don’t see myself setting foot there any time soon. Oh, and some of the people can be quite rude, especially at Miami International Airport as my father and I noticed. Just my two cents, nothing more, nothing less.
    3
  38429. Michael, remember the grass is not always greener on the other side, you indicate life is good where your at, do you really think it would be better in Kalifornia? Friends don't let friends move to a Democrat led state 😁, you seem to have it pretty good where your at, I would just vacation in different areas during the summer months and see the entire USA
    3
  38430. Michael, have you decided on where your next residence will be? What's your (realistic) short list? Or do you plan to stay in N. Beach and, if so, why? I'm undertaking the same decision-making process right now and plan a few statewide trips throughout FL over the next year or so.
    3
  38431. yeahhh nooo good no elevators. esp. with bags. ughhh!
    3
  38432. And in my case with a bunch of doggies to walk 🤣 It was a nightmare 😅
    3
  38433.  @brianh7684  I have been trying for almost 12 years, I better start making big moves fast, because this covid BS is not making things any easier.
    3
  38434. Just found your channel. Live in FL for 15 years now but only in SE FL. Still discovering new place so looking to others for suggestions. I,m looking to relocate once I’m eligible for 55+ communities; only way I can afford to live or rent in really desirable and prime areas without paying through the nose. FYI for those looking to relocate and afraid of high price of Miami and Ft. Lauderdale area there are really low cost condos in decent neighborhoods. That’s where I first relocated to but over time moved farther up north because of higher rents and price out of area. I recently bought Condo under $100k with ~250/mo HOA in nice community with security patrol, tennis court, club house, etc. much cheaper than renting. Due to low cost of my housing, I’m saving a lot each year over renting toward my next purchase in 55+ place. When I sell this place and due to my accelerated savings living in this low cost condo, I should be able to move to Delray area and pay for it in full in a few years. Then I only have to worry about HOA and insurance for housing so I can reduce my hours and transition to semi retirement sooner.
    3
  38435. No wonder you are always smiling and in a good mood, you get to spend most of your day with dogs. You should add goats and horses to that. Goats love to ride in cars, they ride in the back of trucks good but would rather be up front with you. Horses love gentle, but if you free range them like I did you better have door knobs on your front door. They will try but can’t turn the knob. The guy across the street found out way he had pull handles when he came home from work one day sugar was standing in his living room thought i would never hear the end of it
    3
  38436. The beach looks amazing!!! 70'F that's awesome!! 20'C.. it's amazing!!!
    3
  38437. In 2009 we had a condo in the San Diego beach area that we had rented out for $700/month below our expenses to keep it. Yes, you read that right. And yes, we had bought it with a substantial down payment. The Federal Government offered some tax incentive (I forget the details) to home buyers in late 2009. Prices ticked up. I told my wife we're calling our seller's agent TODAY because this was a bull trap and the best chance we would have to unload the place for a long time. I was right. We sold, cutting our losses, and once the Federal money was gone, the market crashed again and went down steadily and drastically for years after. If you're a buyer, beware the government created bull trap!
    3
  38438. Do you like daytona beach area at all?
    3
  38439. Here is the solution considering CA has such amazing geography & climate not found in any other state - just switch governments between CA & FL! Share your thoughts!!!
    3
  38440. Love your videos, keep em coming!
    3
  38441. I'm dropping my hurricane insurance and going fire and general liability only for a $5000 year savings.
    3
  38442. What about Spring Hill Florida?
    3
  38443. I LOVE TROLLIING YOUR VIDS FOR FUN
    3
  38444. Very nice video. Thanks 👍 for sharing your 🚗 California journey. Safe travels 🚗 to you and your family.
    3
  38445. Don Johnson but seriously I look better in square Rayban type sunglasses
    3
  38446.  @MichaelBordenaro  when I had $ I bought new high end sunglasses and I worked for Revo sunglasses company doing customer service in the 90s out of college but now I’m like you discount or used can’t afford new or list or stolen problems
    3
  38447. And what about if I want to move there to open a business? How much should I pay in taxes?
    3
  38448. The baby bottle really got me. :'( This is so heartbreaking and I feel like this will happen more and more with the way things are going in Cuba right now.
    3
  38449. I don't like Florida because it has tropical weather. Its extremely hot and rainy. Hurricanes are a major worry every year. The real estate taxes are also high. My family has been in California for over 100 years but unfortunately i might have to move to a more affordable place to live soon.
    3
  38450. Happy delay Birthday, nice videos, very precise 👍🏼
    3
  38451. great video
    3
  38452. I think you are so right
    3
  38453. My insurance was $1300 per year two years ago. Just put a new 130 mph rated roof on and my renewal rate was $2300 per year (was $1800 last year). I own my house and did not renew. I will not pay $200 per month for insurance. Owned my house 19 years and have not used it once.
    3
  38454. hoa fees have exploded.. many condos here are about (tampabay) 30yro which means Maintenance problems are many. if u have a bad condo board even more problems . i seen it both ways spending to much money or not enough and the place is sliding down hill.
    3
  38455. I Appreciate if you can do same for condos in Florida. Thank you
    3
  38456. We went several years ago and stayed at one of those big homes across the street from the beach for a family reunion with six siblings and our families. The water was about 83 or so degrees. However, when we got down to Siesta Key, the water was about 88 degrees. Still a lot warmer than California’s pacific coast. Great video!
    3
  38457. Seems like a lot of people make a ton of money while way too many make too little.
    3
  38458. Time out: Inflation is a measure of commodity price increase in dollars and running about 15% per shadow stats. To (2) years of dollar devaluation at 15% = 32% price increase. Housing is a commodity. What do you think will happen to house prices? ( I did not suggest your house will increase in value.) We will see a building trend to smaller houses ahead.
    3
  38459. Imo, this has been your Best video ever made. Why you ask? Family. Insight into the man behind the man. Good stuff. God, family, loved ones. Keep up the good stuff as usual and Blessings to you and yours.
    3
  38460. This is super awesome!! just wow!! new friend here! stay safe you guys!
    3
  38461. Just got scam what could I do
    3
  38462.  @MichaelBordenaro  okay thanks man appreciate the help
    3
  38463. What size is your condo? How many bedrooms?
    3
  38464. Thank you for the video! What is the price, if you don’t mind sharing?
    3
  38465.  @MichaelBordenaro  Thank you! So, it’s a competitive market out there.
    3
  38466. Michael - interesting that you mention Mark Zandi & Moody's. Zandi was Chief Economist @ Moody's back in 2008 and they played a huge role is causing the great recession. The company assigns "credit ratings" & risk analysis to businesses including Wall St banks. Moody's never lower the ratings of banks leveraging those derivatives, so investors had no visibility on the fact bank were barely solvent. Somehow Zandi is still in the same role & our "news" outlets still go to to that same guy for forecasting.
    3
  38467. Beautiful beach!
    3
  38468. I live in CA and the laws are illegal, imposed by the commies. I know someone who let someone stay in their home (temporarily) and that person refused to leave. The owner had to put up a separation so she didn’t have to see the guy, who moved his girlfriend in as well. 3 years now.
    3
  38469. How about new construction? I think the only warning sign would be the muddy water. We are planning to move FL .
    3
  38470.  @MichaelBordenaro  Thank you Michael for making this video. We will have to do that.
    3
  38471. I look at real estate pictures all the time. I am not in the business but I like to see what's for sale in my area & what properties are selling for. This started about 3 years ago because I need & want to sell my house but parent health issues are taking too much of my time right now. I am constantly AMAZED by some of the pictures I see by both private listers as well as real estate agents. I just don't get it. I see pictures where I think the real estate person needs to speak up & make picture suggestions to remove clutter, not show certain rooms, move the dog beds out of the picture, remove dirty dishes, etc. .......When people are looking at these houses, buyers are looking at the junk, the messiness, the clutter & not the house.....Another problem is horrible paint colors like a bright orange or purple. I look and think how much is going to cost me to get rid of those awful paint colors or even that expensive pretty little girls room custom painting that I don't want....Another problem is too many family pictures in little frames or too many on the wall or even too much artwork on the walls. Makes me crazy how some people just don't get it when selling a home.....Was very happy to see this topic, Michael!
    3
  38472.  @MichaelBordenaro  Thank you so much for the reply! I plan on getting an AirBnB somewhere in inland Miami for the first week and then apartment hunt when I get down there. I am thinking South Beach and my ideal budget is $1,110 a month. I am content with just a studio since it's just myself. https://www.apartments.com/1770-meridian-ave-miami-beach-fl-unit-204/svzzjt4/ https://www.apartments.com/920-meridian-ave-miami-beach-fl-unit-5/dykzkhj/ The links above are apartments I am interested in. The only thing I am worried about is how street parking is going to work. Also a nightmare would be signing a 12 month lease and then that very night realizing the walls are paper thin and I can hear everything my neighbor does.
    3
  38473. Pleace so More of these videos, all across 🇺🇸 🔥🤩
    3
  38474.  @MichaelBordenaro  yep, got a $6 toll bill in the mail a month later after visit! Lol Toll booths were not open the day we drove thru, but the cameras must have been! Lol
    3
  38475. another great video, wish you could be our realtor here in st pete when the time comes. hard to find a honest one, and i appreciate your honest outlook.
    3
  38476. Yea man I think 50% is waaay logical.....I make what I think is decent money at 45k a year....and I can't afford nada.....I've owned really nice houses in the past....but now I'm forced to save and wait.......and that I will....people can't afford the sham and greed that has been pushed forward....
    3
  38477. Great video as always! ❤️❤️❤️❤️👍👍👍👍👍
    3
  38478. Manned gate = high fees... unless you have a whole lot of residents to split the cost
    3
  38479. CA is not a State I would be interested in investment property. FL the same but for the triple insurance bills and property tax on top of the frequent catastrophic storms.
    3
  38480. Beautiful area! Love this part of Florida. So peaceful and serene. Thanks for sharing. Nice that you let the kid be the star at the end of the video. :-)
    3
  38481. Congrats Mike !.....You Have Earned your Viewers....Including Me !
    3
  38482. Florida is a sunny place for shady people. Good information to know. Thanks.
    3
  38483. I’ve lived on the gulf coast for 2 years now and never seen it. I think people hype it way up. I overheard tourists on the beach saying there’s red tide here in pcb right now which is 100% not true. People just spread rumors
    3
  38484. I'm in between ft Myers and Naples and we've had alot of red tide. More than I'm comfortable with. We've just cleared up recently from over a month of it. 😞
    3
  38485. Like it
    3
  38486. Liz is beautiful 😊
    3
  38487. Love the wallet 💥
    3
  38488. Ok, what about after you put your claim -- where are you gonna live? Is living in a hotel covered by the Insurance?
    3
  38489. i prefer your weather and my wishes go further... on day i will visit ojmjakon in summer and in winter!
    3
  38490. The tides are turning
    3
  38491. Our country eventually (20 yrs or so) will become just like 3rd world countries, NO MIDDLE CLASS just Rich and Poor.
    3
  38492. Next Fed meeting will be a total disaster for investments. I think fed will hike .75 on next meeting. High interest rates will remain through 2024. Anyone who’s doing a 1-2 year buy down will be in for a big surprise when they realize they won’t be getting lower interest rates anytime soon.
    3
  38493.  @MichaelBordenaro  moving to Bradenton on July 25th. That's 2 weeks from today!
    3
  38494. You know what the say Michael, “live in Fisher Island and get buried in Palm Beach”. Robin Williams line, from the movie Bird Cage. lol
    3
  38495. I am in escrow right now in North California. Couldn’t wait any longer or I wouldn’t get a fair offer. Going to buy something cash out of state in South Florida. I’m getting a lot of recommendations to sit and wait till prices drop further. I’m not sold prices are going to drop there even with the interest-rate hikes because of investors and other cash buyers.
    3
  38496. What if re value drops?
    3
  38497. I should have cleaned up that pond before you came :(
    3
  38498. You gotta be kidding
    3
  38499. We’re still waiting. Slowing is one thing but in Belvidere IL area, I need it to crash, since the prices have skyrocketed.
    3
  38500. Great video! Very informative, honest and straight to the point.
    3
  38501. Before “they” changed the way unemployment was figured, we are actually at the same or worse than the GD…approximately 25%…fascinating: secret stats
    3
  38502. And then they wonder what they are broke, you forgot in top of that, they need to pay car insurance, Maintenance, etc. YEYA welcome to big debt and well yes Bankruptcy. I do not think people are going to be running back to buy in Florida nor Miami, I never taught that Miami is that desirable after all. I may be wrong, but will see. I tbhink Miami is more crazy then desirable. That is my personal opinion.
    3
  38503. Really insightful video. It’s like listening to a really smart professional. Also the homes that you walk by are incredibly expensive, compared to everyplace else. There are beautiful homes where I live on Cape Cod but nothing in the millions unless they are waterfront.
    3
  38504. Thank for your videos if Florida. Happy Thanksgiving to you and your family.
    3
  38505. Your vidoes convinced me to move from Virginia to Florida last year. I ended up in Orlando Dr Phillips. Anyways I wanted to ask you about rental property investments, even junk houses are 300k around here, what is the upper limit to spend on a house to turn it into a rental property? Is there a such thing as too expensive of a house, like some sweet spot in the cost vs rental rates?
    3
  38506. Congrats Michael! Nice seeing you in this light and great interview! 💯
    3
  38507. I personally think the bellyaching about food prices mostly comes from people who are creatures of habit rather than opportunity. Don’t go to the grocery store with a set shopping list, and search for sales instead. My supermarket has an app and I save a ton of money by clipping coupons in the app and then they’re automatically applied to my check out. I don’t really feel that I’m spending that much more on groceries than I was five years ago.
    3
  38508. You have bigger balls than me, I've heard way too many stories of Bitcoin breaches/hacking where they take your bitcoin from your virtual wallet and move it to an untraceable location. Who do you even call for help in that situation? If the Bank loses your money, you are covered by the Federal Government up to $250,000. Since Bitcoin first exploded back in late 2017, I don't feel like the security or trust behind has gotten better. Not to mention not many merchants accept Bitcoin. It still seems very speculative as it was three years ago
    3
  38509. Watching from Florida were 83!! I love the Willets fort Bragg area try and drive over to Juge cove. Beautiful
    3
  38510. Does everything have to shut down before they get serious about helping people with the financial problems going on?.?
    3
  38511. I noticed that too so I'm glad you mentioned it! LOL
    3
  38512. As someone who travels the country back and forth I can verify that a lot of people are at their wits end. The fuse is lit and it will reach the powder keg right around 11/05/24.
    3
  38513. If you have a mortgage, the mortgagee will require that you carry a homeowners policy, or they'll place your home with a carrier and charge your escrow account. If you serve some adult pops and someone has even one drink that you served, and then they leave and injure/kill someone in a car accident you are liable (like a restaurant/bar). Next, it's really hard to look at your average claims and make any estimates because of punitive damages a jury could award. In CA where I used to be an Ins. Agent, the court could make you pay for a decade and then the plaintiff can renew the judgement for additional decades until the damages are paid. We live in a very litigious society and rather going through the exercise of worrrying if your saving enough or getting enough of a ROI, how about the peace of mind factor? Couldn't a person just accept that insurance is a racket in FL-- especially with the roof requirements and lack on consumer protection. If you can't afford the insurance (and yes I know it keeps raising unreasonably, but loss ratios from wildfires in CA have forced many top carriers from even offering HO policies. There's the CA FAIR Plan which is the equivalent to the Citizens insurance of last resort in FL. It's a shit policy really. Very little is covered and one has to get a seperate liability policy because the FAIR plan is property only. Lastly, just from a fundamental standpoint your HO or even renters policy is your liabilty protection when you are not at work (your employer has your liability) and not in your car (thart's your auto policy) anywhere on the planet. If you want an umbrella policy (excess liability) because the underlying limits are too low to cover your assets then you won't be covered liability speaking in outside of those conditions (at work/in car). If your house is paid for, then bite the bullet and buy a policy. You have too many assets to risk being taken from you in the event of a big claim. Lastly, if you self-insure, you will have to cover the entire cost of retaining an attorney to represent you. If you have a policy, that's representation is part of the policy. Perhaps you get together with other wealthy people and create your own insurance group. It all just sucks.
    3
  38514. I used to live on 17th and Meridian in south beach in 95-96’ and passed d $700 for a cute 1 bedroom . You’re right about living on the beach for cheap . I didn’t have a job I had a roommate and we lived a good life in our early 20s
    3
  38515. The thought has crossed my mind for sure to cash in now and rent
    3
  38516. An accountant! Can’t imagine you as that Michael! a now that you’re a YouTube star ⭐️ well done everyone I wonder if family holidays were not in Florida would you have picked somewhere else or did it sow the seeds for the future?
    3
  38517. Lovely home. How close is it to the beach?
    3
  38518. Hearing that a bunch of crypto millionaires vanished from the Miami nightclubs is bitter sweet. How the hell did this farce last so long? Time to work for a living kiddies.
    3
  38519. Are you in the Coral Gables area in this video? Or where?
    3
  38520. Thanks for the tour. I have the feeling you two will end up on the west coast as your new home, just my thought🙃🙂
    3
  38521. I'm loving all your videos. I love Florida visit last year for the first time and would like to visit again.
    3
  38522. Yep i can confirm is here 😢😮
    3
  38523.  @MichaelBordenaro  your video perfectly captures that concept. You have some great perspective on life.
    3
  38524. Can you do a video of Orlando? because i have to move there for reason that my son and other family members live there. I want to live near parks, clinics, schools, etc. Thanks, for your time
    3
  38525. Very good, Michael
    3
  38526. Happy birthday Michael! Thanks for the awesome vids! I don’t think I’d have the courage to move solo to Palm Bay from Chicago without YouTube vids like these!!
    3
  38527. What would be great for these dashcam videos would be to show a thumbnail, on the lower right hand of the video, of Google maps with your location and street names. Of course, narration makes the video more watchable, but the map would mean that someone could fast forward until you're at an area the viewer is interested in.
    3
  38528. Thanks for the beautiful walk today, Michael. The boats are stunning!
    3
  38529. That’s why you don’t own anything in your own name when it is non exempt property. It is called Asset Protection strategies.
    3
  38530. Bad timing, property prices are sky high!!
    3
  38531. We could look at rent control from the tenants stand point that landlords can’t just raise rents to anything they want. For the average working class person that benefit is a huge advantage. Rents in Florida have gotten out of control. Since salaries in this state are very low the average worker will eventually have to move out of Florida. If not migrating out of the state they’ll have no choice except to take on a roommate
    3
  38532. Another AWESOME video, Mike! Thought of you recently with regards of NOT buying a house right now. Well, a house two doors down from me just went on sale, resulting in a steady stream of foot traffic. So? Are these people idiots, or what???
    3
  38533. Happy Thanksgiving Michael.
    3
  38534.  @MichaelBordenaro  i believe its nice to keep it this way at it is, mostly real estate and from time to time a little bit of this and that works perfectly , most content of your videos are some how related to real estate even those about your private life like introducing lizi or your morning routine....
    3
  38535. I really enjoy your podcasts. I appreciate frankness.
    3
  38536. your videos always quality. even though now is a good time to buy a home I'm taking time to save money and build my score simultaneously so the buying process can be smooth. I feel like when you make that type of purchase being the most comfortable financially is the only way.
    3
  38537.  @MichaelBordenaro  … will do. I was lunching with a friend today and we talked about this matter. I told her if this season we have a hurricane slam into SoFlo, that’s going to probably expedite my decision 😮
    3
  38538. Does anyone know if Michael has covered the class action against the realtors?
    3
  38539. Mr Powell is a no pivot kinda guy. May take one to two years... Look for your 20-40% price crash from the June 22 peak. Book it. And thank Joe Biden too🗽🎉🗳️⬆️✅💯%
    3
  38540. I LIKE THE TWO GUY MEET UP!!! THUMBS UP ON THE SHADES!!!
    3
  38541. How about Sunrise?
    3
  38542. That was a great video! Totally agree about an ocean view, could sit there for hours looking at it. 👍🇬🇧
    3
  38543. Life is really about appreciating the small things. Expensive watches and cars are nice but will not bring happiness, in some cases even do quite the opposite.
    3
  38544. And if you buy now and the market takes a dump like history has taught us, you could lose everything
    3
  38545. Cool ! ^^
    3
  38546. Glad you're okay Mike, and saddened for all the lost and affected lives...I'd love to know the cause of this collapse
    3
  38547. Yes it’s coming no retirement work till you die !! I’m one 😔🙏
    3
  38548. I always look forward to see your videos. love to see all the houses and hear great info
    3
  38549. Very nice, tnx !
    3
  38550. In AZ we actually have a few Mobile Home areas that are Fabulous!
    3
  38551. wow
    3
  38552. Sounds like this was a video about trust and sacrifice. Trust that which is inherently untrustworthy. Trust your spouse? Trust your employees? Trust the real estate market? Sacrifice comfort. Sacrifice lifestyle. Sacrifice your spouse. Sacrifice your job.
    3
  38553. Wow… cool video… I luv both of your videos .. cool 😎…thanks
    3
  38554. I don't understand why people keep buying these expensive over priced homes smh. All this do is increase property taxes and make homes unaffordable.
    3
  38555. 👍🏾
    3
  38556. 1 million to "live comfortably" is unrealistic as that's what most people earn in an entire lifetime. You can live comfortably on $20k per year. If people just accept that luxuries like living in a house, having children, or eating restaurant food are only for the wealthy, life gets a lot less stressful.
    3
  38557. I requested Malibu, 12 million is cheap
    3
  38558. What is a pirce?
    3
  38559. INSURANCE IS A SCAM JUST LIKE TAXES.💩🔥
    3
  38560. Michael it’s not that you don’t understand what’s going on but the no money down is their plan is to put migrants in these homes
    3
  38561. yup I was thinking about buying a place in Florida, Then I thought well I can keep my place here in Mich. it's real cheap. $500.00 a month & try to find a cheap place in Orange park or Jacksonvillle real cheap for the 6 month's of winter. Because I have relatives there.
    3
  38562. Very nice hotel for that price, and I was surprised to hear even the internet is better than Hilton
    3
  38563. I was working at circuit city when it was closing. And me and this guy started punching a lcd tv lol. and he punched it so hard that it broke lol .....they pulled me into the office the next day saying I broke it, which I didn't they asked who did. I told them Im not telling you, then they fired me lol
    3
  38564. Walmarts in Central Arizona are now just receiving inventory that was meant for last Christmas.
    3
  38565.  @MichaelBordenaro  Happy Early Birthday 🎂🎉🎈 to you and May you be blessed abundantly. Your around my children's age 😁. I'm 51 and fabulous my son's friend tried to hit on me and my son snapped ., I started laughing 😂 I didn't date his friend but it was funny. I thought it was cute I'm just saying 😂 enjoy your night.
    3
  38566. its when fear and greed collide. the fear is telling you its going down the greed is telling you hold on its going to go back up. I would take the money and run FAST.
    3
  38567. I don't understand Michael. If homes in this neighborhood are going for that much, how come the cars, lawns, and general shabby condition of everything is so prevalent?
    3
  38568. Good video.
    3
  38569. Besides the great video as usual, green looks great on you. BTW, now I know where you stash your cash. he he
    3
  38570.  @MichaelBordenaro  ❤️
    3
  38571. Michael I thought you'd like these guys they're my other state of interest Youtubers like you and you mentioned you like mountains so I thought you would like watching their Colorado videos
    3
  38572.  @MichaelBordenaro  oh sorry, I copied & sent their link separately. it's "living in Denver Colorado" a.k.a. will and Eli the mile high property brothers.
    3
  38573. Which area is nice but doesn't cost a lot?
    3
  38574. First off, I hope your road trip is going well. Praying for continued safety and enjoyment on your journey. Now as always great videos and I am learning from this one. Happy I bought when I did, happy I have savings and happy I'm not house poor. I'm even happier I am not in an HOA
    3
  38575. 60k in miami is nothing
    3
  38576. your videos are excellent. I've seen 5 or 6 and this buy far is my favorite. Are you taking on new clients?
    3
  38577.  @MichaelBordenaro  Yes it does !!!✔
    3
  38578. Nice video . Going there this March . What glasses are you wearing ? Need a new pair .
    3
  38579. So happy you enjoyed it!
    3
  38580. Good info! Nobody talks about issues for us night owls! Its 2 ,am and I am eating!
    3
  38581. I agree with you.
    3
  38582. I got a mortgage on a nice villa in sebring about 5 years ago. It was a very good price in a nice neighborhood. I live in Salt Lake City Utah and have finally made the decision to move. I am 48 and with my high stress job, smog, and extremely bad meth addicts in the valley along with the harsh winters and dry desert summers have decided to leave. We are currently packing and getting our house ready to put on the market. I make really good money, but sometimes you have to find a point in your life when you enjoy living more than the hustle and bustle. I have lived in North Dakota, Las Vegas, Mississippi, and have found Florida to suit my personality. I used to enjoy the mountains, but now they just seem like a big weed covered rock. So to me the things that make my life less enjoyable are the things I am leaving. So I guess you could say I am running away from things I don't like and am running to the things I do like. When you wake up and it's 50 degrees and you are driving home in 90 degrees it takes a toll after so many years. Floridian is my future!
    3
  38583. Can a bunch of homeowners get together and have their own insurance together?
    3
  38584. Hey Michael, how is the situation with the Portuguese man o'war in Miami Beach? I was there 2 weeks ago and the beaches were full of those creatures. Does that happen every year and for how long they are usually around?
    3
  38585. Wow I feel fortunate. I have a cleaning woman who always shows up and a fabulous handyman.
    3
  38586. no way jose'
    3
  38587. O wow
    3
  38588. I’m sure that lot cost a mill
    3
  38589. For the algorithm.
    3
  38590. Yeah china should be out another's. Why? Less Speculation.
    3
  38591. I work in High Tech and just yesterday we all got the "CEO Email bomb" that they are doing a 7 1/2 % layoff due to China issues and low demand for IC's. Which equals about 1,300 ppl in all our areas, not just USA. So this last week some of us had unusual things spoken to us like other positions offered and what we're doing currently the tasks are inquired about form other employees. So I'm now typing this ill know here in a week and already sense the morality is wanna in the company. The "one place' I walk around in (will not tell their name) , I already see it in the last 15 months is a ghost town inside the Fab, while I'm doing work. It's been so weird to see this yet now it might get more so .
    3
  38592. Very cool to see and hear stories from you while driving with Dad. It looks like an exact replica of my hometown so I get it! Church, school, baseball, rock n roll and roll and cornfields. Did I miss anything? Beautiful greenery and blue skies. Family is everything.
    3
  38593. Oh and the Crystal Classic sand sculpting festival there is sooo cool!
    3
  38594. Not to sound dumb, but how do I join? Can I just send you a years works of the money via Venmo?
    3
  38595.  @MichaelBordenaro  I knew it would not be cheap, but I was thinking maybe $600-675k, with an HOA fee around $650, but I guess I am out of the RE appraisal loop the last few years - not just in Miami, but a lot of other places, too. Portsmouth, NH, a place I have always liked, has a median RE value of $575k! It was never near that level!
    3
  38596. Hey Michael...I can relate to what you are saying but I chose the other route....To not go, when I had the chance, in my twenties....And Yes, I do regret it. I should've.
    3
  38597. To help out our country economically. The government needs to notify the other countries that they are not going to be getting the money promised to them from the US and we need to tell the American people that we are not going to pay any money towards your student loan debt because of the status of the economy
    3
  38598. Hey bud I just sold my Jacksonville home for 91k more than I bought it for less than 2 years ago. We moving to St augustine nice neighborhood and block and concrete. Only 15 minutes away from historic district and anastasia island!!!
    3
  38599. You helped the decision!!!
    3
  38600. TBH the Champlain Towers South looked fairly well maintained compared to some buildings I have had to go into to work or go to different offices and parking structures. Another issue to avoid is to stay away from ocean-front housing.
    3
  38601. I'm always a little bit jealous of all those beautiful properties you walk by every day until I realize most of them are probably owned by the bank. We're all just renters in the end...
    3
  38602. Try 30a next to Panama, it’s stunning. And while in the area try The British Eatery 👍🏻
    3
  38603. Hey Michael, this is not a bot comment but you're the first of my youtubers I follow to mention 401K contributions. I've been waiting to see if the IRS is going to allow an increase in yearly contributions. For 2022 they allow 21,500$ yearly. But this honestly aint gonna cut it. My FA said the yearly average gain would be 6% on my investments but 6% won't keep up with 8-9% inflation. All of us who are busting our asses to sock away a retirement are getting screwed.
    3
  38604. I used to live right by there, and I would walk jog there every day. I used to never have parking problems, but it wasn’t the weekend or a holiday.
    3
  38605.  @MichaelBordenaro  I heard you say you’d been before and it wasn’t busy after I commented. The beach used to be deeper. I’m not sure if it was high tide or the season or erosion or what. I used to run there with a friend and there was a lot more space on the sand. I also remember it being a ways from the Don Cesar to the water, and I used to go to a bar (not Caddy’s) north of the Don Cesar and you could walk onto the beach from the bar and there was a volleyball court and a long way to the water. I’m from Tucson, but I live in San Diego now (and came here growing up) and the no waves in Florida thing is funny.
    3
  38606. Have you tried wiping the moldy areas of your car down with alcohol? Don’t know if that would work, but maybe.
    3
  38607. How will sellers agents make sales if nobody wants to work for the buyer?
    3
  38608. Pay off your primary residence
    3
  38609. They should have frequent and extensive structural inspections in miami. Rain comes? Streets are swamped. You should be on the real estate board of miami city.
    3
  38610. Americans have an artificially inflated standard of living built on debt.
    3
  38611. Loved this video Michael 🤙🏻 I agree with the entire list. The Tampa area seems really hot right now. I'd like to spend some time there on my next visit. St. Augustine as well! While I'm not really a huge fan of Key West.. I thought Fort Zachary was really nice. The water and landscape👌🏻 You can also go out on epic adventures from there like the Dry Tortugas 👍🏻 The rest of the Keys are actually my favorite places in all of Florida👌🏻 And there are a lot of amazing places I've been to across the state
    3
  38612. Rents have come down slightly where I am in the southeast but it's winter and rents usually go down in winter. I see the rates for March are going back up, which would keep the rent at the high rate it was at in 2022.
    3
  38613. 😂
    3
  38614. That is only one village you visited. They have many more with there own town centers and themes and of course with live music and activities. I hated all the round about.
    3
  38615. Love the driving tour…..I follow the road via google earth.
    3
  38616. I admire your fortitude to get your walk in with this heat Michael. Our heat index has been 111 the past few days. Think I will have to start doing my walks at midnight! Really enjoyed this video as well as your insights.
    3
  38617. I wear my sunglasses at night
    3
  38618. Another update please.
    3
  38619. Ive been listening your videos for awhile. And this video is perfect for what I'm trying to do now. 42 now, started my business last year and after a year, wished i had done so much sooner. Now. Im trying play catchup and earn as much as i can, so I can make my "Escape to the South" dream come true. Thank you for these videos.
    3
  38620. Your saying that every state it's different
    3
  38621. I didn't know that i live in Texas but i wish it was my 🏡
    3
  38622. Will me moving to Florida in 3 years thank you for this videos hoping to land in Naples along the beach to retire
    3
  38623. Experts are betting on rate cut by this June while Jan reports inflation hike. Why worried? Buy now, pay later with 3% inflation.
    3
  38624. Please be careful about judging people with low credit. There are fathers out there being kicked out of their homes, denied visitations with their children and made to pay child support against their will and even if they don’t want to divorce and even if they do want to participate in their children’s lives. Women that do that to their children do not deserve any money. Unfortunately it impacts those men’s credit. It’s robbery under the guise of law.
    3
  38625. Nice video. Very informative. BTW is that a fuzz bass pedal behind you?
    3
  38626. Mike I really enjoy your videos...I was raised in NYC.. I visited Florida on vacation a few times..I loved everything about Florida. We retired and moved to central Florida..We love love our community called the Villages..I am shocked how many lies people post about our community..They don't even live in Florida ..We have golf...90 pools, pickleball, recreation centers 2,000.00 clubs.. When our family visit..We have a lot of stuff to entertain our family ..We live hour from Disney...I feel safe..Mike I wish you the best in your new journey...God Bless you..
    3
  38627. Inflation doesn't affect rich people much (in their personal lives). The Amex and Visa get paid in full automatically each month, and the accountant keeps the feeder account topped-up, it's barely noticeable.
    3
  38628. What a nice surprise to hear my name ! Thanks
    3
  38629. You’re Awesome Gladys!🙏🎉🌷☺️
    3
  38630. I dont know why any homeowner who has a low 2.5 to 3 % home loan would sell now.
    3
  38631. How can you play your amp in your condo🤔
    3
  38632. Great info, my saved list is always sending me price cut alerts.
    3
  38633. I bought the dji osmo tripod gimbal thing from your website link. I am super excited! Been wanting to get this gimbal thing for a while. Did you build your own website, what platform do you use? I like the nice and clean interface. Looks great!
    3
  38634. so in other words.....ITS A TIE! :D
    3
  38635. Hey Michael!!! I've been a long time sub, just joined your channel as a member..so excited! You rock👊💯🇺🇸! I really need a realtor like you to help me with some specific things I'm looking for. Is there any discounts for paying members? Just thought I'd check first. I don't want to talk to any other realtor but you. I feel like I know you after binge watching your videos for a year haha. I totally trust you and would love to work with you. Let me know your thoughts. Thankyou so much🇺🇸💯❤!!
    3
  38636. Younger people can buy a pre-owned home there is a 80 20 ratio. Also there are a couple villages for families with kids.
    3
  38637. I don't see prices coming down 50%. That would be such a huge loss for a seller so they'd sooner hold onto the house.
    3
  38638. I am the oddball. Built my own house in 1990, never had a mortgage. I rent my home from the county.
    3
  38639. I legit enjoy this channel. It helps that i love South Florida 🏖️
    3
  38640. I was salty about my HOA going from $514 -> $624 over two years. I guess I should be grateful. Love from Minneapolis 🖤✌🏻
    3
  38641. We moved to GA from Florida for an opportunity to get more. However, we are not willing to pay 600k and regret it later. Hoping for a change soon.
    3
  38642.  @MichaelBordenaro  yea, you potentially get the snow on the mountains that makes it look really nice. If your use to Miami weather then it feels really cold. At least it did for me the first winter since I moved from Miami.
    3
  38643. don't live in a condo, live in a condo....very confusing
    3
  38644. I want to see a REAL person 😃
    3
  38645. I would say ...since the world is a changing ... are u aware of top employment markets hiring or start up companies in any area of Florida.. Thanks for the content!
    3
  38646.  @MichaelBordenaro  Thank you. I will keep a lookout for that one.
    3
  38647. great video. would you say fort lauderdale is like beverly hills too? which one has more beautiful parks and gardens?
    3
  38648. Check out the new Silver leaf development and World golf Village in St Augustine!
    3
  38649. Maybe you'll give your viewers an idea why some of us still live in California, in spite of the costs.
    3
  38650. No question you will see those Case Schiller 12 month figures change radically in next several months. References data that is about 3 months old and compares to 12 months previous. Already dropped from about 21% to most recent read of 15 handle in past 4 reads. This is for the nationwide figure. If it did not lag, the figure would likely lower for the current read. In another 6 months reads, we could see negative. Then CNBC and other mainstream media will be reporting and confidence will really shift.
    3
  38651. Wellsfargo bank is laying off people now.
    3
  38652. two great guys. excellent collaboration
    3
  38653. Yay, you made it to Petaluma, LOVE Downtown Petaluma!
    3
  38654. How far is the drive from Miami to Panama City Beach?
    3
  38655. Real person
    3
  38656. Right now thinking about buying a house is like musical chairs. Flippers and normal owners are about to see values crash.
    3
  38657. South florida will be interesting cos the majority cant afford these higher prices
    3
  38658. I dig the Sonny Crocket Miami Vice vibe 😎
    3
  38659. You're SPOT ON wiht your forecasts!
    3
  38660. Thanks for showing us these great places, Michael! Prices have definitely gone up!
    3
  38661. Our government thinks it can indefinitly inflate the deficit away.
    3
  38662. I say, it is extremely irresponsible, and should also be criminal for Dave Ramsey and Barbara Corcoran to continue to spew and/or "PUMP" financial misinformation that will financially devastate individuals, just saying!!!
    3
  38663. Yea safety is def my biggest concern when moving to a place. When I lived in RJ I was always on the edge, always afraid of getting mugged. My cousin got mugged/ robbed at least 9 times. I can't consider living in an area unless it feels safe. When I moved to CO I finally felt like I could breathe again.
    3
  38664. Whats Rio and CO ?
    3
  38665. Leenar SE is offering 40-50k towards down payment and closing cost on homes with a price tag from 600k to 1M jejeje
    3
  38666. Thank you. Great information. I love your videos. Does the condo HOA covers the damage from a hurricane?
    3
  38667. I think most people are much more resilient these days. So getting layed off is not that big of a deal. There are thousands of new tech jobs and internet jobs, driving jobs, all kinds of jobs that we may not be used to doing. Yet, hundreds of thousands of people are going through the same thing.
    3
  38668. Congratulations to your sis. Hope you and Lisi are enjoying being dry😅
    3
  38669. big corporations should actually be investigated. Question is where exactly the whole wealth is coming. Or maybe some if it from printer. And why are the media in collusion with them. Can we still call the media media when they brainwash people. What about the politicians are they not corrupt from among others Giants like Blackstone and BlackRock. it seems nowadays that they can do everything with impunity. after all, they have created and hide it from you this situation for decades. Investigation would be needed but unfortunately I think they control too much. I think that's why we have what we have right now
    3
  38670. Not only do you have to continue to pay your mortgage you also have to continue to pay your taxes.😑 There were condos who got flooded on the first floor of the lobby 4 ft high water. So when a condos first floor gets flooded all the residents will have to pay for that damage in the long run especially if there is no flood insurance?
    3
  38671. First comment in your video! Thank you for sharing!
    3
  38672. Get political. Miami Beach area is control and owned by the same people who control nyc, that’s the reason for all the problems
    3
  38673. How's Port St. Lucie ?
    3
  38674. I do go to bed at 3 or 4am but wake up at 1 or 2pm if I don’t have to wake up early like next Thursday got to catch my flight at 6am to fly to MIAMI!! I gave up on contacts cause it takes me 15mn to put them on and same to take them off! Glasses are easier for me then!! 😂
    3
  38675. @1:28 this sounds like something I may or may not be into, let me keep listening.
    3
  38676. Haha, you should see the agents in Sydney, Australia these days, atrocious!
    3
  38677. The only thing I can say is everybody talk about everything except they don’t talk about the customer service here in Florida there is no customer service at all is lie by if you want if you don’t wanna leave it there I will put it back in the shell Home Depot is the worst if you planning to move over here and buy materials at Home Depot good luck almost got a heart attack in ther Store😡😡😡😡 I repeat no customer service at all good luck!!
    3
  38678. Looking for income property, advice me on that please
    3
  38679. Hey
    3
  38680. I can relate a lot with what you said. I moved to Miami in 1990 I was 22 years old and I want the change in my life. I came from a very homophobic town and this was an escape for me. I also had to leave my family and a few friends I had. In the beginning about first 6 7 month it was lonely but I had to get a job I made some friends and start my life I am glad I did it now it's 30 years later I am an adult I own my own apartment and I went through all of the things that grown-up do. I like Florida I like the Melting Pot I don't like that much the heat in the summer but that's why we have AC
    3
  38681. The area is a huge influence, and Miami is very much a condo place - so maybe do be key zip codes?
    3
  38682. ....BUT better to hold REAL tangible assets (house, land, gold, diamonds) vs paper or Fake assets during this period of inflation.... good day
    3
  38683. I like that park. so many nice trees
    3
  38684. If you bought a $350k home in 2021, your payment would have been $1,476 for principal and interest(no down payment). If you’ve bought the same house for $300k today, the payments would be $2000. To get the payment to be $1500, the house would need to cost $225k. If the house sells for $350k, $2300 payment. $350k, $2500 payment. I don’t see no benefit in waiting for a crash. If one paid rent while waiting($1200 per month for example) they may have paid $43k to the landlord, missed out on $20k in tax benefits and didn’t gain any equity. $1200 per month in rent usually goes up so they could be paying $1500 in rent by now. If rates drop, I don’t blame anyone for rushing it to buy.
    3
  38685. Such a wonderful and thoughtful video, Michael. Nice job! Truer words have never been spoken!
    3
  38686. You ok? Its flooding there. FLL airport flooded, schools flooded Miramar, just a mess. Hopefully this deters people feom coming to Florida.
    3
  38687. I love how people brag about how their stocks are doing great. They said the same thing right before the crash of 1929. Anyone in the stock market is about to have a really bad day soon and lose everything in one day. Wait until the first nuke strike. Huge or tactical. A mass sell off will happen in just hours and the market will crash. The market is being artificially propped up on a failing economy. Yes the economy is in the tank if you braggers bother to look outside your mini bubble.
    3
  38688. Everyone is rushing to sell before the crash. But no one wants to buy.
    3
  38689. I like the Pensacola area even though parts of its are run down but no surfing so gulf side is just for visiting. New Orleans lovers who want to live in Florida will love it.
    3
  38690. After watching so, so many videos on the subject of when to buy a new home, I concluded the following: I think the big fear right now is that many think that houses are going the way of Amazon stock. They think if you don't buy now, homes will be unaffordable in a few years, at least for them. I agree that the coming recession will bring prices down. But, then we will all be competing with individual investors, large investment companies, and foreign investors, so the average person will still lose. So, many are thinking now may be their best chance to get a home at a price they can afford. They feel they can refinance when interest rates come down, and they can hold on to the home and experience the rise in value over a long period, and they get to live in the neighborhood or school district that they really want. As for the 50,000 - 100,000 dollars of overpayment, many figure they just won't but that new car and will hold on to older cars. That would make up for the loss, maybe. Time will tell....
    3
  38691. I adore you, Michael and too bad for the people that can't take it. If you can't take the heat get out of the kitchen. I think you say the truth and a lot of people like being lied to. That's why we're in the mess that we are keep watching you
    3
  38692. Thank you 😊
    3
  38693. I don't think you'll have a full sensitive until you get your tax bill and have to abide by all the restrictions. And can afford gas
    3
  38694. I lived on a corner lot and got a "warning" from the Police for parking on the side of my house. Said if I did not move it the car would be impounded. This is 2 years ago in Denton Texas. So SF isn't the only place that gets uptight about parking. Note that the houses on that block that faced forward were allowed to park in the front of their house. Their issue was that it was the side of my house.
    3
  38695. Through in divorce and /or medical reasons and job transfers... add those up ...some of these recent buyers will sell...
    3
  38696. People are house poor because what’s the other fucking option? It’s either pay out the ass or sleep on the street.
    3
  38697. Michael I'm actually considering buying something down there I'm from Toronto Ontario any suggestions would be appreciated or recommendations. Thank you
    3
  38698.  @MichaelBordenaro  please do. I was actually wondering if you have any contacts in terms of Realtors and lawyers dealing with Canadian residents.
    3
  38699.  @MichaelBordenaro  Please keep me informed. Thank you so much.
    3
  38700.  @MichaelBordenaro  I also just wanted to clarify I'm not particularly planning on moving there for good but I would like to own property there you know a Canadian snowbird.
    3
  38701. Hope you guys are doing ok there with the storm! Be safe.🙏
    3
  38702.  @MichaelBordenaro  Yes, I've seen some crazy videos! Glad all is well. :-)
    3
  38703. Enjoyed the video Michael, as for working from home (remote),I've been home now for 2 1/2 years. There is some rumors about changing to a hybrid schedule. The area businesses are getting hurt by this. I also believe we are in a recession and more companies are doing layoffs, just recently announced Ford is looking at 8,000 people to layoff, so this will also affect the suppliers. I agree we will see more and more in the coming months
    3
  38704. Relocated to FL from New England in 1990, and over the past 30 years I've lived in Miami Beach, Hollywood Beach, Gainesville, Tampa, Stuart, and Vero Beach; loved them all and still trying to decide on a more permanent retirement FL destination in a few years.
    3
  38705. Great video again! The US government calculates housing inflation in a very weird way. They use "owner's equivalent rent." They basically survey homeowners what they think they're house would rent out for. It does not reflect true market conditions. If the government actually calculated housing inflation the right way, they'd find overall inflation is much higher than 7%. You're right about inflation. It's very insidious. The government needs to do much more to tackle it.
    3
  38706. I'm going to jump in here and I hope you don't mind. When they calculate the lowest unemployment statistics. That means the people applying for unemployment has dropped. They're not taking into account how many people have run out of benefits. Those people haven't gotten jobs. They are dropping from unemployment statistics because they have no money in their unemployment account. They just don't have any more credit for unemployment. It's smoke and mirrors. Oh look.. the applications for unemployment are down. Again.. that's because people have run out of benefits. They haven't found jobs. Don't be fooled by jargon.
    3
  38707. Other awesome 👏 video Michael.
    3
  38708. Mike, what housing options, particularly with buying a house, are available for people who live on minimum wage or lower wages in FL, especially for people who just move there and that’s all the work they can find for any number of reasons? Can you do a video on it? That would be nice. Thanks. 🌴☀️👌🏻
    3
  38709. Good video, BTW!
    3
  38710. Michael Bordenaro- what do you think is prettier, florida or california
    3
  38711. The servants & public school teachers need to live somewhere nearby
    3
  38712. Kullen yeah unfortunately the a few “cheap places to live there are or will soon become expensive”
    3
  38713. Following.
    3
  38714. World economy is falling a part this is just the beginning of the end people broke most of the Americans unfortunately lives paycheck to paycheck housing market will crash least %30 next year 2023 if not more That’s what I think
    3
  38715. Happy Thanksgiving from Venice Beach ⛱ Florida!!!
    3
  38716. Wow this brings back memories! AHHHH THE 90S good simpler times....kids today have no idea
    3
  38717.  @MichaelBordenaro  same with me 90a baby
    3
  38718. Mike, you're right about credit card being the safest payment method. The consumer protections on credit cards are Federal, they are not at the discretion of the credit card provider. However, as you mentioned, you do have to make sure and keep careful documentation in the event of a fraudulent credit card charge. In addition, always make sure and let your credit card provider know ASAP if you become aware of something suspicious on your card.
    3
  38719. Great video, once again! Love seeing everything after a flood, so we can see what to expect. Sorry you had to walk all those stairs! Hey...I sent you a couple of You Tube channels I think you will really like! 1) Hiking4Life - musician who talks about the music scene in LA, while hiking around and showing you the homes they lived in. 2) Tampa Aerial Media - ex-military man, who showcases Florida, and other states, but mainly Florida. He is originally from San Francisco.
    3
  38720. What? 10.5 mil?! Good grief. Look at what will be built right next to it! Looks like a high-rise. Just not…even funny. Okay so the point we are at I feel is we are beginning to experience the “fall off.” Thing sitting and not selling. Sales being pulled (probably because the value cannot be validated). It can only escalate. Also when you were in the mall the other day, this scenario is being multiplied all across the nation. Watch the “hot spot” markets (California, New York etc.).
    3
  38721. I think U forgot St pete area
    3
  38722. Ouuu...YES! Create your own line of sunglasses! You can give a pair away on your channel once in a while, for whoever answers a trivia question related to what you talked about during the episode. I have seen other channels do that, and they are really successful with it with their loyal viewers. (Yellow Productions, out of Orange County, CA, does this.)
    3
  38723. Hbd mike
    3
  38724.  @MichaelBordenaro  yeah, I dunno. Maybe in some markets, but I doubt that's a broader trend. I live In Denver and it's been common to see 25-50% home increases with cash sales of $65-$150K over asking in the past 18 months. At several points during 2020 and 2021 the Denver Metro had fewer than 100 houses for sale on the listings. Denver was already fairly high before that as well. With the high demand and low inventory, ridiculous prices have become the new normal, and people are despairing. In a recent thread on the Denver subreddit, people were showing their rents going up by 24% and higher. And so when you have these factors all at once, these ridiculous prices become the norm. It would take an economic collapse in the local market to drive down demand and thus prices. But Denver is very diversified and weathered the Covid downturn fairly well, which is why demand increased. This isn't Detroit, where all of the manufacturing jobs disappeared overnight, you know? I look back at the house I grew up in in California - we bought it for ~$150k or so in 1997. We sold it for $265K in 2002, and it was listed and sold in a weekend. That same house is over $700K now, and it's been above $500K for several years now. So where's the price correction? It's not coming. And it's not coming to Denver either. We'll look back on these times as ridiculous rates of inflation, but we'll think "man, that house was so affordable back then! Only $550K for a 1 bedroom 850 Sq ft!" because by that point the dollar will have been further deflated and inflation prices will have continued up.
    3
  38725.  @MichaelBordenaro  I have been looking in other markets, and what's interesting is in some of the other towns, the prices are showing decreases of $10-$25K. I'm curious whether that will hold when home-buying season heats up or if they go back up. And, looking at the sales price records, many of these homes are anywhere from 80%-250% more than what they were listed at in the past ~5 years - so even a correction of $10-$20K is still minor in the overall scheme of the inflated costs. Some of those have had renovations, but from the images I can tell many haven't - they're still lived in and the flooring, appliances, carpet, etc. are all very old. They're clearly trying to ride the home sales wave while they can.
    3
  38726. @michael thanks for this video is seem so interesting and with vibes of reality I liked it. I get the point with hurricanes and raining season. I would like to know what about west coast they are less hurricanes on this side than the west? I was looking for Orlando. By the way for me isnt a better deal to stay away from cold...here 95F in summer and low down -30F ;) so nobody cant challenge this ahah Canada my dear. I traveled in central america and ong I was amaze by weather for real the bug deal was the mosquitoes but I guess I can planify to wear cream for those, citrus lamp, and doors with mosquitoes nets if I do a patio veranda. My next challenge gonna be the E2 or Eb5 visa! Ill be near from caraïbs island and no more winter, snow, a bunch of clothes where that a nooo lol. Btw a bunch of canadian in FL. Anyways Im not gonna type a next chapter of Harry Potter here Take care
    3
  38727. When interest rates were zero the opportunity cost of cash was minor. Now, every dollar you devote to housing is sacrificing 4.5% risk free.
    3
  38728. The only ones that benefit from retirement are the seniors who are financially set otherwise the ones that retire and are able to work but don't go to work all they do is sit around and look out a window because they are financially short of money
    3
  38729. My cash is sitting in money markets paying me 5.38% to sit, wait, and see.
    3
  38730. I thought you got into someone's Fentanyl stash when I first read that title. Of course I hope that the price of real estate keeps going up. What kind of homeowner, or anyone who owns properties, wants it to go down? If people want to be lifelong renters, let 'em. I myself can't stand living under someone else's rules.
    3
  38731. You are perfect 👌 keep talking. Thank you
    3
  38732. HEY GREETINGS FROM THE DESERT MICHAEL 🏜 😎🌴
    3
  38733. Having a property guarantees a 2 percent loss each year on property taxes. If values stay the same you lose every year. If they go down and you can reduce the assessment your loss can be less. Food, gas, utilities are sucking purchasing power away from consumers. Rents had to come down.
    3
  38734. Whats the price u pay per month for that apartment? Great view, you can see ocean man its paradise!
    3
  38735.  @MichaelBordenaro  Its like in London, but all u can see there is dirty water :D No wonder u live in Florida ^^
    3
  38736. Pretty soon it will be like the book "Parable of the Sower" a dark and scary world . . .
    3
  38737. Excellent video
    3
  38738. im about to live in an RV full time until things crash
    3
  38739. I hear where you’re coming from, especially since hit so close to home. But this event was extremely rare. I mean this type of structural failure almost never happens. In the US anyway. I wouldn’t worry to much. Plenty of people still fly and there’s been a number of fatal accidents over the years. You shouldn’t live in fear, not healthy.
    3
  38740. Thanks for the CA info 👍🏼
    3
  38741. Congratulations 🍾 Michael
    3
  38742. Well, you just answered my comment on another video 1 hr ago about renting or buying while feeling FL out for a year... TY. BTW - which one of those yachts is yours (LOL)?
    3
  38743. Check out Bar Keepers Friend ... i bought it to clean soap scum from my shower door ... nothing else worked but this .. my condo neighbour bought a new car, and junk from underground ceiling landed on his car and removed the rust ... saved him 2600 dollars.. it has multi multi purposes and i checked you tube and some woman is demonstrating removing mold ... it comes in powder, spray, cream etc and even if it doesn't work on your car, its a must have ... cheap too ... good luck
    3
  38744. Another good one !!!
    3
  38745. Informative.. Thank you!!
    3
  38746. It's a bad decision but I think in reality very few loans will be made to these people regardless of this idiotic finance rule.
    3
  38747. Great video Michael! Stay safe!
    3
  38748.  @MichaelBordenaro  thank you 😊
    3
  38749. Good comparisons . Obviously its all down to income and how you earn it. I live in San Diego, union job, regular pay raises, health insurance. Housing is super expensive here obviously. I work a 2nd job to take care of my family and be comfortable. Homelessness sucks big time here. Gavin Newsome does nothing about it.
    3
  38750. Thanks. I sailed out of basin D for years. Cool to see it again.
    3
  38751. pay off mortgage to the amount you can take out a conventional loan to pay off the remainder of the mortgage. Then, pay the loan, and not be held hostage to lender insurance policies
    3
  38752. nice times indeed been going to the Florida Keys, since the '80s
    3
  38753. Good advice. Thank you. Things will get worst until the end of next year
    3
  38754. Spot on, Michael!!! Great information! Thank you! 😊
    3
  38755. Such a great video, as always 🙌🙏
    3
  38756. Like your videos. If you are still in LA and need any pointers lmk as I live here. Cheers!
    3
  38757. as a broker, why did you not see this coming 10 years ago. why complain now. are you not the expert?
    3
  38758. Crazy, soon ten year car loans yuck!
    3
  38759. Hi Michael! Love your perspective. How much money, would you say I need to move to Florida, and what would be the steps I should take?
    3
  38760. Belvedere. Why not just get a job at the car assembly plant.
    3
  38761. Tom seems like such a normal guy in many ways. Glad that he is your neighbor. Let us know if you meet him someday. I am sure he would love to know you!
    3
  38762. State farm sved me 300$ this last payment because klaus schwab purchased usaa!! I dropped them so fast!! ,!
    3
  38763. 4:04. Big old Cadillac.
    3
  38764. it is already starting to slow down in some parts of the country
    3
  38765. Very interesting Michael
    3
  38766. Michael Bordenaro I completely agree! From where I’m from Florida seems like a great place to live. That’s why my husband and I are making a plan to get out of Taxachusetts and move down to Tampa.
    3
  38767. Michael, there is another additional factor(s) that is distorting the housing market.....Hedge funds, private family offices, and "off shore" investors.....it's the same overwhelming force that institutional investors have on stocks......These investors usually move in "lock-step" entering and leaving various markets.....causing Great pricing dislocations !....Hope this helps.....Thank you for the perspective and intel.
    3
  38768. You seem to be an Advanced Economist. I like your values & the way you keep it basic & simple common sense.
    3
  38769. Clearly building inspections are going to become more frequent and more stringent. Furthermore building operators will be required to promptly follow inspection engineer recommendation .. or face teh building being condemned. And there will be mandatory followup inspections required by the city to assure everyone proper repaires have indeed been completed. This alone will add to rents and condo dues. Additionally, I think you are going to see mandatory increased Condo reserves for older buildings. This will require further dues and assessments. But the reserves will help take the bite out of any significant repairs that may be found necessary in an inspection. Unfortunately, in some cases, some building will be found uneconomical to repair and will end up being condemned and demolished.
    3
  38770. You should walk in Plantation and let me know if you come across a nice house under 600 please
    3
  38771. How are people so stupid as to not understand what "free" money means? They essentially already gave "free" money with the $15/hr minimum wage. Now a standard Burger King meal costs $14.26 (that's what I paid a couple of days ago). So now you need to work 1 hour at your new $15/hr an hour fast food job just to be able to buy one meal.
    3
  38772. Yeah 85k or more as the average for millennials is a lie. I barely make 40k right now.
    3
  38773. After a forbearance it’s true that the interest and principal you didn’t have to pay during the forbearance can usually be added to the end of your mortgage term and you won’t be charged interest on it. However, if you had an escrow account for property taxes and homeowners insurance, you’ll be required to add those deferred amounts to your regular payment as soon as you come out of forbearance. Those payments usually can be spread over a 3-5:year period. Nevertheless, if you can get a forbearance agreement, it can often be helpful if you’re not currently able to make your mortgage payments.
    3
  38774. Yesterday the airline travel worldwide broke a record of most flights ever in a single day. Clearly not in a recession yet. This might be a good indicator as well.
    3
  38775. LIZZYY in da hse. NICEEEE 😁😁😁
    3
  38776. Thank you Michael for sharing another great video today. Keep on keeping on my friend. Blessings, Carlos ✝️🙏❤️😊❗️ BTW, I hope that Lisa had an amazing Birthday 🥳.
    3
  38777. The beaches are beautiful but I don’t care for all the folks, condos, etc. When I go to the beach I prefer st. Augustine.
    3
  38778. It's wrong! Period!
    3
  38779. You are probably too cool for the East coast anyway, no loss. Besides we all like feeling like we live in Miami, we are all living vicariously through you. Go Miami!
    3
  38780. Sometimes the truth hurts.. Right!
    3
  38781.  @MichaelBordenaro  I WISH I could show you a pix of my hair 🤣
    3
  38782.  @MichaelBordenaro  btw I’m loving your channel ! Keep it coming 👍🏼
    3
  38783. The before photos looked awesome. Hopefully in due time they'll build something equally as nice on that property.
    3
  38784. You can get a place on the beach on the west coast of florida for much, much cheaper and you wont have to deal with the traffic & chaos of miami beach.
    3
  38785. I watched several of your videos and I’m venturing into the Air B&B business now . Good advice
    3
  38786.  @MichaelBordenaro  rental, going to turn one of my apartment buildings into an Airbnb once I get these tenants out , but it’s so hard to remove tenants in NY 😩
    3
  38787. One of my silent investor got a taste of the 300% returns on couple rental/ investment properties I bought back in 2014, so he decided to be greedy and just bought 2 $500k properties in south Philly on his own without my knowledge. Ouch!
    3
  38788. Nice rainy time for alligator's
    3
  38789. Also California is mostly desrt and mountains. Take a trip from la to sf via the central valley. The central valley is basically deserted.
    3
  38790. I work for a real estate that is buying up properties in nyc and renovating the units while kicking current tenants out. They are able to rent on average a $4000.00 for a 1bed in a city and it's awful in the city. Drug dealers hang out in front of the buildings. So bad that they hired security guards. My guess it will go up more next year. That is the trend. Rent will keep going up but the homeowners market will go down.
    3
  38791. Back to the 1940s were people were culturally pushed to be thrifty, save and live within their means.
    3
  38792. People "ready to get it over with" and go in to debt, possibly underwater in 2 years. These people are sheep. Sheep get slaughtered.
    3
  38793. I am not allowed to park on the street from 10pm to 6am but its ok from 6am to 10pm. Explain that one to me
    3
  38794. You're great man, just give me a few days so I can start collaborating with your channel because watching you and hearing all you're saying gives me hope to do something with my life and the life of my daughters, you are great, hope the best of the best for you!!!!!!!!! You deserved.
    3
  38795. I've managed to retire strictly on the stock market. The best way to do it if you are going to be in the stock market is to make sure you buy insurance for your stocks so that in case they go down in value, the insurance will pay for the decrease in value so your 401(k) doesn't become a 201K. It also would allow you to sleep at night! I don't know how anybody could be in the stock market without insurance. It would be the same as driving a car without insurance or owning a house free and clear without insurance. Insanity!
    3
  38796. This is Black Rock and vanguard trying to buy out your houses and raise your rent so they can make you a good little slave
    3
  38797. I'll be looking for a little house hack studio apartment or something soon. What do you think of Jupiter, Boca and Ft. Meyers?
    3
  38798. Great videos! Love listening to you. Was gonna say maybe I’m not hearing you right, but if demand for mortgage bonds go down, yields would go up. Sounded like you were saying rates were going down because of it. But it’s an inverse relationship. Bond prices go down if demand goes down, therefore yields rise to make more attractive. I’m sure you know that. Maybe I wasn’t clear on what you said. Not sure why they dipped recently. Will look into it though. Anyway, keep doing what you’re doing.
    3
  38799. Thank you so much very helpful your perspective and suggestions.
    3
  38800. I spend most of my money eating out so so much like 3 times a week
    3
  38801. 🤯🤯🤯🤯 I send this information to my friends they must be screaming right now
    3
  38802. By the way, I wasn't sure if the housing market would crash a few months ago, but now I do! 1, because that is what happens globally. If other countries' real estate pricing drops, the US market couldn't be an exception. 2, the stock market has just started to sink, and it will be worse in the coming months. 3, crypto will fall even more when deflation & recession come. 4, don't forget, the interest rate is rising fast! be prepared for the worst to come! * * * Just learn from the recent news that Netflix, Facebook, Uber, Robinhood, Amazon... etc. soon going to do their first pass of layoffs. * * *
    3
  38803. I'm glad 😊 ur 📞 them out
    3
  38804. I expect to see 10-12% interest rates & 5-6% unemployment before they pivot.
    3
  38805. Listen to the experts. Ignore your own eyes, ears and experience. Unfortunately many people took that advice and chased overpriced housing this year.
    3
  38806. Can you talk about the surrounding area, down sides, benefits, etc ? Price is important yes, but we don't wanna end up living in a dangerous place...
    3
  38807. I'm so glad you don't do those alarmed-looking thumbnails. Those are so dumb.
    3
  38808. Great informative video as usual Michael. I love your breakdown analysis. I always look forward to your video.
    3
  38809. Michael research Naples Park in Naples it’s absolutely insane there
    3
  38810. Another masterpiece video
    3
  38811. Where do I find data on how many people quit vs laid off? I'd be curious to see.
    3
  38812. ARMs are becoming popular again, back to 2008 levels. Here builders are still bullish because of them. ARMs will for now keep prices from falling the way they should.
    3
  38813. I mentioned before here, that I would enjoy the swimming in South Fla (freestyle laps, not in the ocean), but the Hall of Fame in Ft Lauderdale has undertaken an overblown multi-year renovation that means that little people such as me, may not be able to get access even when they do re-open. I may have gotten lucky to swim there in the past, but the osmosis of money flooding the area could have ruined that. The Jacaranda is another awesome pool there, but they are taking appointment only due to Covid. The horse racing track is closed to the public, while they will gladly give you bad betting advice and take your money online. So running out of stuff to do, could send folks packing.
    3
  38814. at 28 million ill take a couple to go
    3
  38815. Its not luck, its called the law of averages. Its a law. If you call enough people..you will find a seller.
    3
  38816. Dunedin is so charming, quaint & chilled... I Love Dunedin!!! As a former St. Petersburg resident of 3 years, I can tell you that Dunedin is extremely popular with the surrounding Locals from all communities & also is a lot of more busier year round (before pandemic), especially in high Snow Bird Season, it is a happening place!!! When I first moved to St. Petersburg from California, I was very, very seriously considering Dunedin to settle down in because I loved the Vibe & also the central location of being near Clearwater Beach, Safety Harbor, Tarpon Springs & of course Honey Moon Island!!! I loved your description of the Vibes of Delray Beach & Key West are there!!! Just wish it was a little bit more lively for you during your visit!!!
    3
  38817. I hope you gave the host a ding for not giving you gate access. I bet you are right, the host is not supposed to be using this as an Airbnb. I have stayed at 4 Airbnb's. A couple of minor problems, but nothing major.. No gate access to me would be a major issue.
    3
  38818. Yeah the people who believe they will never be able to buy again are keeping this market a joke, bunch of 🤡 and 🃏 in the housing market, nobody can run numbers. People are buying based on supply and time rather than actual value like size of land or square footage and actual features that make the house valuable. Homes (wood and nails) have become gold
    3
  38819. You left out the John’s house soared to $550,000 from Nov ‘21 to August ‘22 and is now worth $525,000.
    3
  38820. A little bit off topic but can you elaborate in a future video on how to know if you can trust a realtor or not I've talked to several in the past several months up in the Broward County area and some of them I just don't feel we're on the level I didn't get a good vibe I didn't feel like they had my best interest and I would rather be told find out if I'm being paranoid or if it's just me. Thank you in advance
    3
  38821.  @MichaelBordenaro  awesome , and no I'm not. I mean if I'm doing it wrong I'd rather be told but I pretty much told my realtor specifically what I had in mind so she keeps trying to push on places for me that don't meet the criteria and the standard I had discussed with her
    3
  38822. Just an FYI about manufactured Homes. Most insurance companies do not want to insure manufactured Homes and the one's that do; the cost of insurance for manufactured homes is more expensive then a traditional home. I paid $1500 this year this year for my 3 bedroom/2 bath, 1200 square Foot, manufactured home in Colorado that I paid $83,000 for which included the 4000 square Feet of land back in 2014. zillow Zestimate®: $284,800. I've done a lot of work to it since I initially bought it so If I was trying to sell it; I would try and sell it for more. The highest it went up on zillow was $320,000 My suggestion. if you buy a manufactured home; buy a manufactured home where the land and the Home are sold together so you will not have to pay lot rent and you will not have to move the home.
    3
  38823.  @MichaelBordenaro  Hi Michael! I decided to move to this neighborhood based on your video and my own research. I’m even moving into one of the buildings you passed. Thanks again! I can’t wait to get there and start my Miami life.
    3
  38824. but 37 down ouch!
    3
  38825. First. 🎉
    3
  38826. Offer 40 percent off period
    3
  38827. Hi Mike, just getting caught up on your videos. As my wife and I was watching this one & seen the posts she said " look someone else wants to get out of Ohio also " then I told her it was my post. Lol , thanks for the videos, when things open up let's see more beaches, landscaping, and some exotic cars. Stay blessed Dan
    3
  38828. 💯💯💯👍👍👍
    3
  38829. Florida has seen housing boom and busts how many times ....... the next one will be the biggest .....
    3
  38830. Big fat liars. In 2019, I used to buy ground chuck beef for $3.59 a pound at Meijer (midwest chain) and now that same pound of ground chuck costs $6.39. Food and insurance are what have gone up the most since 2020 and it's propaganda to claim otherwise
    3
  38831. Thank you for these Q@As!!! I want to move to Miami so it’s super helpful hearing your perspective. Please do more of these! My question is—where is SoBe is best to live? I want to live near Loews Hotel. Do you recommend main streets or inner streets to peninsula?
    3
  38832. Michael, always appreciate your insight into the real estate market as well as the general economy. Thanks.
    3
  38833. Excellent tips. Thanks
    3
  38834. Welcome to my town.
    3
  38835. Sounds like you have a good thing going in Florida. I’d just take trip up there for awhile, maybe do it once a year, instead of moving.
    3
  38836. Punta gorda / engelwood area please
    3
  38837. You never "own" real-estate, you are just renting it from the government. Dont pay the tax or HOA and you will see who really owns the property. That crazy law and $1k/day panelty is pretty close to rubbery. It feels like they are making a "registry" to see which house they can seize in the future. We had gone all the way back to japanese ww2 camp era!
    3
  38838. Hi, do u work with someone wanting to rent a house?
    3
  38839. Question, do landlords ask for proof of income when renting a house?
    3
  38840. Thank you
    3
  38841. Why do houses end up being worth more in the future? Aren't they durable goods? Is it more about the land the house is on? Maybe how every year seemingly makes it more and more difficult to build something causes the price of what is already built to go up no matter how much its falling apart?
    3
  38842. Nice!
    3
  38843. You’re great Nick!!👏👏👏👏👏
    3
  38844. in CA if u park on the grass like that its goodbye for yr ride......
    3
  38845. Hi have you done a west Coast rental video yet thank you
    3
  38846. BAM!
    3
  38847. Yes, please showcase the beauty of Miami!!!
    3
  38848. Good team 👍
    3
  38849. I thought I was the only one that felt this way....😎
    3
  38850. Carry on, you are doing a fantastic job.
    3
  38851. Running out of paper the Monopoly money- soon we will have green, yellow and pink currency
    3
  38852. I didn't see any affiliate links to this website. Do you have it in the info somewhere?
    3
  38853. Mom is the best a human can get .....,
    3
  38854. If you are ever back in LA, let me know. All the food places you mentioned are overrated and not worth it. Mel's on Sunset has gone to shit compared to what it used to be. The one on Ventura Blvds is way better. But yes we have a lot of cheap places to eat, and amazing too.
    3
  38855. Great video, love the shirt! "House poor" , seems no one knows what that means nowadays, good on you for including that in your videos. I use to sell cars, and folks were so excited in their purchase they got caught up.... but never thought about can they FUEL up 🤣🤣🤣
    3
  38856. My Local grocery store has 20 charging stations, I have never seen more than 1 car there. The local utility company installs them and the cost is tacked onto my utility bill.
    3
  38857. Michael, what is the median age in Miami Beach, Florida? Seems like the west coast of Florida is a bit older and east coast is younger.
    3
  38858. im about to move to florida and stay on my sisters couch. will have about 1,400 dollars to come down with. probably going to start delivering subs at Jimmy Johns because the ad says between 20-30 a HR each night delivering including tips.
    3
  38859. I have Wells Fargo offering me no interest loans all the time lol! My home is paid off next year and my credit score is excellent and I don’t need a loan 🙄
    3
  38860. I would buy the land and have my house made out of shipping containers and it will sit on stilts and have solar panels on top. I hope that will withstand strong hurricane.
    3
  38861. It increases the rentals available too. No so bad. Also provides an opportunity to build new for a buyer. Government does not need to get involved. Temporary laws become permanent. When the market drops these companies will lose big.
    3
  38862. I expect at least 30%. Anything more than that is a bonus. But even msm is saying 20% now, and you know they're always conservative, so it will be more than 20%.
    3
  38863. I'm having an issue finding a place to rent in Brevard Every place seems to have red tape and bureaucracy in their application requirements I have 7,000 saved up and somehow this is a problem? I don't get it. Are we just not building to suit? Only housing for elites? What is going on in Florida?!
    3
  38864.  @MichaelBordenaro  Its a mix of credit requirements and lots of places not having openings. Also 60-70% of these places never return calls. Too many 2-bedrooms available , but not 1.
    3
  38865.  @MichaelBordenaro  thank you ! You earned a sub
    3
  38866. I'm from oklahoma and my husband and I are dying to move there lol. Not having beaches here is very hard. we don't have a pool either
    3
  38867. you did that golfer dirty Mike, that was one of the worst swings I've ever seen
    3
  38868. I liked your video. I appreciate your transparency and agree with what you are saying. Keep up the good work 😁
    3
  38869. I had a 1998 Camero and I got rid of it in 2008 and bought a brand new Lancer GTS.
    3
  38870. You even got the 4K one! My monitor loves you!
    3
  38871. Great video! Was wondering if you can share place you all were staying around 5 minutes into the video?
    3
  38872.  @MichaelBordenaro  yes, really nice! Was it an Airbnb?
    3
  38873. I grew up in St. Augustine. That area is called Davis Shores. It’s the Primo area to live in St. Augustine Prices have always been high in that area even in the 60’s.
    3
  38874. It’s funny they drummed about not enough homes available and that’s why costs are so high. All of the sudden, rates goes up, and now there are too many homes lmao! Gotta love the lies that realtors, brokers, firms, and financial experts kept drumming and keeping the lies going. They all helped each other keeping the money flowing. Oh well, they’re about to face reality soon here- I hope they saved some money because they may be out of a job soon.
    3
  38875. I looked at a small condo in Ct. It was really nice, but the taxes were $9000 a year! And the common charges were another $5000!
    3
  38876. To add to this, I’ll be moving in with my boyfriend who has a job. But he doesn’t make 3x the rent which most places require. I also will have about 10k saved up before making the move. My other question is, do landlords/apartment complexes care how long you’ve been in the job or is it as long as you have a job and have income flowing it’s ok?
    3
  38877. Michael Bordenaro thank you soooo much!!! Keep up the great content! :)
    3
  38878. More hysterical video titles
    3
  38879. Watching migration patterns in the US over the next few years is going to be fascinating. I think we are on the brink of the biggest movement of people and businesses in US history.
    3
  38880. I used to support mobile home dwellers strongly and opposed the actions of the deep pockets. We had rent control in our park in CA - and the people in the park nominated and elected me as the president of a newly formed HOA. I uncovered illegal business practices in investigating all the leases of our members. A few months later, the management gave me eviction papers - citing my video cameras. NOT ONE OF THE MEMBERS STOOD UP to help me - going as far as evading the process server. As far as I'm concerned - ALL mobile home dwellers would have done the same thing to save themselves - so they all get what they deserve... Don't want your home jeopardized? Don't buy it then put it on someone else's land!!! Fricken' moronic act. I am guilty of it too, but i learned the hard way. I lost $200K to the owners of the park.
    3
  38881. Very good video. Thanks
    3
  38882. I had written a long comment, but maybe it was too long, and "didn't take." Anyway, great video, Michael! I'll try to be more concise. Just wanted to share that Marin Headlands is pronounced, "Muh-rin." ;-) Also, it can actually get pretty hot in the San Francisco area, depending on the time of year. It typically gets hotter in the fall (It was in the low 90's when we were there over our anniversary in early October, several years ago.) The fires in northern California last year made San Francisco very hot and turned the air red. Looked like they were living on Mars. So bizarre! It gets really hot inland up north, too! It is regularly in the 100's in Sacramento, where my relatives live. Too hot for me! I would definitely have to live by the coast, if I lived in Northern California! Even LA can often get hotter than San Diego, where we live. Even LA's beach areas can typically be about 10 degrees hotter than San Diego's beaches. We are pretty lucky to live in a temperate little bubble here in San Diego, along the coast (It can get pretty hot inland, here in San Diego, too.) Like you, my husband loves cooler air, but sunny skies, too! He likes it at about 68 to 72 degrees, and I like it around 73 to 75 degrees, though 73 degrees and sunny is perfect for me. We are spoiled, I know. Glad you and Lisi are getting to have this wonderful vacation exploring!
    3
  38883.  @MichaelBordenaro  We didn't end up spending that much as we found something well suited for us WAY under 2 mill but yes, the realtor had the easiest sale ever. We didn't even have a chance to see it in person, as soon as we did a facetime tour, we hung up and someone else made an offer on the property so we made a better offer and they took it. My bf goes down on Thursday for inspection. The real estate market in Naples is OUT OF CONTROL, there are not enough houses for sale and every house we wanted was bid on within 2 hours of us coming across it. When you say EVERYONE is moving to Florida, you are not joking. Your channel has been a wealth of resources for us, keep up the EXCELLENT work!
    3
  38884. A model man... so impressed with your ability to talk about your uncomfortable feelings and fears! Something I learned in combat》 Always trust the person that expresses their fears... those that act fearless are fools!
    3
  38885. just subscribed.Great vids. Name me a place that has good night life ( not 9pm places closed!) , good fishing and great surroundings. Regards from Greece. Have you ever thought of getting a truck camper and travelling the whole of Florida???
    3
  38886.  @MichaelBordenaro  Mum was nervous I could tell. The way you look at her Michael we can see all the affection in the world. Very good video
    3
  38887. Let’s revisit 2008.
    3
  38888. Great video!!!, how much is the average rent for a 245,000 condo? Is the HOA paid by the owner?
    3
  38889. What an amazing, wonderful, charming, ideal neighborhood! I too would live in this neighborhood if I moved to Miami. My god, the vegetation and landscaping! So lush. Love this kind of video, Michael. Great idea. Would be happy to see many more. I agree with virtually everything you said. And, no, you didn’t talk too much. On the contrary, I enjoyed your commentary, enthusiasm, and knowledge. Thanks, once again!
    3
  38890. Appreciate the consistency. I’ve been ignorant about the realities of real estate and the economy being in my early twenties.
    3
  38891. May I recommend a sunset song you can listen to when you chill at the beach? Its called : Alex H - Southern Sun Listen to it when the sun comes down behind the buildings during evening. Its so smoothing and chill!
    3
  38892.  @MichaelBordenaro  Nice! Let me know if the song gives you that sunset feeling :P
    3
  38893. Hey you listed Satellite Beach!!!
    3
  38894. Yeah man, I love my Honda CR-V 😂 I love it, love it, love it, love it, love it!!! 🤸🏾🤸🏾🤸🏾🤸🏾🤸🏾 Did I mention that I Love It? 🤠
    3
  38895. Hi Michael: I remember driving from Phoenix to the Grand Canyon years ago, and stopping in Sedona along the way. It is such a special place on this Earth for sure. You are right on the money about rent costs. My best friend is paying $2,700 for a 2 bedroom on the third floor in West Palm Beach. His wife and him are trying to buy a home, but don't want to pay $450,000 for a small dump that needs a ton of work. They, like you said, are praying for a crash. Time will tell what happens bud.
    3
  38896. Wear a black tank top and you can be the man in black also.😊
    3
  38897. Keep these videos coming I rewatch them several times or play them in the background doing laundry or something
    3
  38898. Florida best state in the nation
    3
  38899. Great video Michael (along with all your others)! I lived most of my life in South Florida and agree with everything you said.
    3
  38900. He's trying to give us the info we need to protect ourselves. It's actually a positive.
    3
  38901. Michael camaraderie? Nah not enough to come back into office! I was forced back into office one week next day got sick was out for an entire week!
    3
  38902. All time record mortgage loan debt, record auto loan debt, record student loan debt, record high interest credit card debt. And that debt is outpacing wage growth over the past 3 years by like 40%. AKA, we're in the largest bubble of all time with the most overleveraged consumer of all time because people FINANCED things with the mindset that everything will continue on the upward trajectory we saw from 2020-2022. Now though, we're on track to see LOWERED wages, skyrocketing unemployment, and ultimately a pop of the largest housing and asset bubble of all time. Folks, it's going to be worse than 08-2010. ALL the math shows it. PREPARE yourself now for 10+% unemployment. Get out of debt, sell what you don't need. It's going to be 3 years of frugality and hunkering down while millions lose everything.
    3
  38903. Awesome show!
    3
  38904. The yards where you are at seem to be much better maintained than most of the Florida videos .
    3
  38905. 80k average? id like to know where these numbers are coming from. its probly high wage individuals skewing the "average", thats why "average" is not a good measure. From what I see, most of us are making around 30k
    3
  38906.  @MichaelBordenaro  The news media is looking for ratings. Television is dying. With time television is going to be gone, just VCRs, and DVD's. Now people all over the world have their own news channels. Everybody wants attention and audience. The questions is how do you get attention? When sales people sell a product they follow a format they learned in training. Sales people are trained to build value of the product before closing the sale. The irony is that when a sales person talks about the negative points of a moving to Florida for example, sales person gets attention, people don't expect a sales person to warn customers about the negatives. When you talk about the negatives people pay attention. Your potential customers feel that you are not trying to make a quick sale. According to the interview 50% of people that moved to Florida moved back home in just couple of years. That fact proves why real estate agents should talk about the negatives of moving to Florida instead of puffering to make a quick sale.
    3
  38907. Yes I agree. You don't want to be the one holding the 🛍️
    3
  38908. speaking with my son , whom is asleep told me that most of his friends still live with their parents and they do not have a job. he said their great friends but lazy as hell.
    3
  38909. I’m so glad I live in a two story building- I would be afraid to go to my high rise. I used to live in a 60 story building in Chicago and now I am so afraid.
    3
  38910. For the EV part Michael, car companies literally just posted RECORD EV sales, for the quarter and for the year, with GM and Ford posting the biggest sales gain. Also as a new EV owner myself, I'm seeing a ton of em on the roads now, in my city at least (Portland). I keep seeing videos online about the doom and gloom EV market, but thats not what I've observed. A lot of people I've talked to friends and not, want an EV or are considering it. A buddy of mine has a Rivian truck that thing is super nice! Its going to take time but EVs are the future. We didnt switch from horse and buggy to gas powered vehicles overnight.
    3
  38911. The grass is greener on the other side. I live in Sarasota, FL and there are a lot of people who love it here and there are a lot of people who absolutely hate it here. Younger people call their homes "FOX HOLES" because it is so crowded here. It's just Bars and Restaurants!!! Most people stay inside and watch Jepardy then go to Applebees for excitement. There really isn't much going on in Florida....oh and shopping at Cosco gets people excited. Florida is a great place to retire but working the grind can get boring quickly. Without the beach it's pretty dull...Gotta go...Jepardy is on...😎
    3
  38912. Your right, its a nice change of beautiful scenery. One question, how did you manage to pretty much get the beach to yourself? Its darn near empty. I’ve never seen this before from Miami. Great video!
    3
  38913. Michael Bordenaro Im moving there by end of year to Miami. I’ve been watching tons of videos and i was looking for a beach like this. All i seen was the over crowded ones. How far is this beach from coral gables? Thanks for the great info😃
    3
  38914. Michael Bordenaro Thats cool! For peace and serenity and the bonus of no crowds i can travel.
    3
  38915. Michael Bordenaro Just remember, if you get some bozo giving you negative feedback pay no mind. Your videos are appreciated. The universe is guiding you into a higher vibration. Thanks😉
    3
  38916. We’re also looking at Daytona as an option to move. Real estate looks reasonable, weather is great, and seems like there are tons of things to do for a beach bum family. Interested in learning more!
    3
  38917. Loved the walk through. Wow what a beautiful beach walk! One day I plan to move to Florida. Glad your able to do what you enjoy in life! Do you ever travel to the keys?
    3
  38918. Guys money is not gonna solve the homeless problem. I don’t agree at all with sending money to Ukraine but your ridiculously stupid if you don’t realize that free money to the homeless and poor will only make the problem worse!!!
    3
  38919. We all need the sun and good weather for our mental and physical health so being in a sunny state absolutely raises anybody's mood. I would take the heat and humidity any day. So sick of winters in general. Anyway, thx so much for the detailed depth into your thoughts, Michael.
    3
  38920. Life in Florida and your philosophy of life are over all great
    3
  38921. Cant you get the Brazilian Blowout for your hair since it takes the frizzy out.
    3
  38922. Condo could be A nightmare maybe but FED sounds little dovish. Obviously rates will stay the same for now UNLESS people pay cash 🎉🎉
    3
  38923. Love your videos Mike keep up the great work I love Florida don’t sweat the negative people that write in. I’m retiring to Florida in the near future just don’t know the right area for me yet.But your information is a great help for me.Keep up the great work
    3
  38924. which area do you live in Miami beach. you are right the older the harder it gets.
    3
  38925. Love the CD player with CD rack. Nostalgia maxing out. Sound quality is so much better.
    3
  38926. Hey Micheal, your right about the costs here in Fla getting worse, no argument! When i get really down about it, I watch a video on the disasters known as NYC and anywhere in Calicrapafornia and I don't feel so bad. I do appreciate the info you do provide though so thank you for that!
    3
  38927. I think some of these gurus helped create this fomo manipulation to begin with and they're trying to keep the gravy train going a little longer. It's not specific to the US either, and that's why I think it's mostly manipulation. I'm not sure what constitutes a "crash" but I guess we'll find out soon enough. Good thing you're in good shape or that fall could've been bad .
    3
  38928. Once you understand that "every word that comes out of this administration's mouth about how 'good' the economy is, is a lie" then that's really all you need to know, folks.
    3
  38929. HOA’s can be a trap. Those fees will never go down. My HOA fee is $45.00 which is totally doable. I have access to a recreation center with a pool if I want to. But HOA fees up in the $600.00 a month, no, no way. I never have to worry though if my neighbors are going to paint their house purple. Also the yard has to meet a standard. I think this is the only thing would affect property value. Most of the other things people feel they “must” have I doubt they use those facilities to equal the fees.
    3
  38930. Nashville has been killing' it too!
    3
  38931. I'm amazed that so few people understand there is plenty of affordable land even here in Florida .If we drive 10 miles south of Disney World you can still buy 5 acres for under $100,000.All high and dry but the realtors would have us believe it's impossible to live there. Shocks me that developers would have us believe we are out of land....
    3
  38932. Sounds like it was a forgivable loan….. they’ll need to repay it if it was a loan
    3
  38933. This video brings back memories. I enjoyed my visit to Miami a few years ago but I didn't like the hotel(friend chose it). 5445 Collins Ave was terrible. Never again!
    3
  38934. Loved the views in this video! I could definitely handle being rich! Lol Great video Michael. My husband & I keep watching & listening to you & still being patient on retiring & buying in FL. It’s too scary to do anything right now.
    3
  38935. Keep bringing the honesty! 👍🏻
    3
  38936. I have gotten a 20% raise! But I also have a lot more work to do. I don't mind it. But you're right. The more you make the more you spend.
    3
  38937. Great topic.
    3
  38938. $1.75 in fort lauderdale as I type
    3
  38939. I live in a home, but when I lived in apartments, my concern was always fire. Recently however, I've started to distrust contractors and how they seem to cut corners to build quickly and save money since hearing about a fairly new construction of condos which has cracks and has sunken on one side by a foot over the last few years...in Earthquake country and in the downtown SF area. And these condos are small and EXPENSIVE!!! Even the newest portion of the Bay Bridge, brand new construction showing cracks and concrete falling! Seems like you get what you pay for when accepting the low ball bids.
    3
  38940.  @MichaelBordenaro  check out YouTuber 'Building Integrity'. He also has a series on that condo collapse that is not exploitative, but intelligent, respectful and educational.
    3
  38941. We are moving out of California. I live in Marin County. You can only see the water. Won’t be able to touch its freezing.. 2 or 3 day out of the summer we go to Stinson beach. No Parking and the water still very cold. 80 % Marin county people are vey rude. Spoiled residents
    3
  38942. I love St. Augustine during Halloween good vibe
    3
  38943. Is this near Ocala fl...
    3
  38944. Sounds like "Pacific Heights," the movie. WATCH IT!
    3
  38945. Hello Michael, this was a great video with good information. I do believe that once one has found the house they want to stay in for a few years, buying would be ideal. I believe that if you can do 20 percent down, it is a worthwhile investment. I believe you would come out ahead after 7 years.
    3
  38946. Another great video! I have been wondering about this across the US, especially in any desirable city. All of the home prices seem to be going up these days! Scary!
    3
  38947. Michael, how much of what you see with the non-crowded beaches has to do w/Covid? STAY SAFE.
    3
  38948. Michael, I like your new shirt with sleeves. Blue is a good color on you ❤😂❤
    3
  38949. Very informative
    3
  38950. Yes, we've been sold a major lie. Before you could work in a job and as long as you were responsible and worked hard then you could get ahead. None of this works that way anymore. It's absolutely ridiculous and then even if you try to keep your head down you can't even do that because you're working with morons and idiots all day and people who won't stop harassing you and should be fired for the lengths they would go to in order to harass people.
    3
  38951. I would think the prices aren’t coming down because of a few comps and realtors convincing people they will sell at that price, until they don’t.
    3
  38952. Nice hair cut!
    3
  38953. Personally I think it's too late for the Biden administration to turn things around. Almost everyone has already made their minds up. Whatever they do will most likely help Trump and his reelection.
    3
  38954. Median mortgage is different than today’s mortgage though right? I’m in St Louis. Most people’s mortgages are around $1000 but they are locked in cause they were smart and bought when rates were low. Now, with today’s rates, that same mortgage is like $1600 and rent for that house is like $1500 or $1600 as well.
    3
  38955. Repo's, defaults, and bankrupts's are starting to come in Empty Buildings commercial real estate is in major trouble banks are going to be eating it!:face-blue-wide-eyes:
    3
  38956. You always make me feel better Michael! Love your videos man! 😎
    3
  38957. Hey Michael this is Willie can u do a video on the new development and new comers who moving to Florida thank u
    3
  38958. Yes of course
    3
  38959.  @MichaelBordenaro  hey Michael I'm responding bk just speak on the what's next for Miami as far as business and resident development I'm thinking of relocating to Florida soon thank u
    3
  38960. Very informative, well done!
    3
  38961.  @MichaelBordenaro  thank you! When I get down to Miami, drinks on me!
    3
  38962. Coral Gables 🌴🇺🇸 We are shocked weekly going to Publix. Unreal ! Don't know how average working people make it here in Miami 👎 🏄
    3
  38963. Good Morning from Australia 7:40 AM Monday. I hope the stock market picks up this week.
    3
  38964. I love your channel, you are the most ethical realtor I have known....keep it honest and real. The worse is yet to come for real state.
    3
  38965. Hi Michael, Remember dreaming its free!
    3
  38966. Would you recommend buying over renting for someone who's moving out for the first time ? I've been looking at housing and renting seems more expensive than buying a house or a condo.
    3
  38967. interesting dynamic between renting and owning
    3
  38968. HA. MIKE! “You are being recorded right now.”……CrEePy!!!! That was HILARIOUS!!!!
    3
  38969. Literally here in canada we are in lockdown..
    3
  38970. Second!
    3
  38971. So Michael .. down the road in haircut time, did you like your last cut, or still think it was too short? ..longtime hairdresser, here
    3
  38972. Thanks!
    3
  38973. You are a man Period .
    3
  38974. There is no way the lady you mentioned has an insurance bill of $3,000 PER MONTH. I don't believe it.
    3
  38975. You don't even need a good credit score to buy a house you'll get financed with a 640 all day long
    3
  38976.  @MichaelBordenaro  I don't think it's illegal. It's their property once they've foreclosed and they can let it sit vacant if they want. Again, the US needs a vacancy tax at 5% of assessed value to incentivize owners to sell/rent property.
    3
  38977.  @MichaelBordenaro  They did it in California 2009 onwards. Steve Mnuchin's One West bank illegally repossessed hundreds of thousands of homes. Attorney General Kamala Harris refused to prosecute. Mnuchin made a bundle, Harris became a US Senator and then Vice President, and Mnuchin became Trump's Secretary of the Treasury. Crime does pay.
    3
  38978. It sounds amazing im just trying to figure the points out....Rakuten sent me a email giving me $10 in points for my birthday that will expire in 30 days and I'm not sure if that means they pay for $10 of an order or how I apply it or how to even use them exactly or where I only have a phone
    3
  38979. Despite the "different this time" narrative, it is amazing how similar the chain of events is unfolding.
    3
  38980.  @MichaelBordenaro  I want to move to Miami Beach, and I'm trying to earn money right now, so I can get a condo in the Porsche Design Tower.
    3
  38981. Every 15 to 20 years this market makes significant drawdowns on 401k’s causing millions to have to work till they die. Run your own money. What good are free employer contributions if 25 to 40% of your money is gone.
    3
  38982. Happy Birthday 🎂 and congratulations!
    3
  38983. Pay 170K and then turn around and ask 420K for that dump. There is some really stupid greedy people in America
    3
  38984. there's a reason why tourists and snowbirds spend winter in florida and summer up north
    3
  38985. Zillow already admitted on national news that it wasn't good at forecasting the real estate market and fire-saled their I-buyer inventory at a loss for that very reason. Not sure if I would believe their latest forecast. I believe the market may go up, or it may go down, but it might stay flat...lol
    3
  38986. First one
    3
  38987. Thank you for sharing your video.
    3
  38988. Lolololololololol.
    3
  38989. STARK WAS A LITTLE TOWN DONT KNOW IF IT HAS GROWN LARGER OR NOT MT GREAT AUNT HAD A BAR THERE,CHIPLEY IS OUT IN NO WHERE LAND
    3
  38990. I live just North of Clearwater... I love it down here!
    3
  38991. My neighbors are disappearing by the moments within these last two months , yet it is what is it, to display and tell what is coming. I will and do miss them. Cape Coral, Florida, has surely taken the economic hurt.
    3
  38992. Hey Mike, do you think $0.90+/sq ft HOA fee is too expensive in general, even for luxury condo buildings with 5-star amenities, or was the HOA fee just too expensive for that particular building?
    3
  38993. Congratulations, 7K subscribers 💪🏻
    3
  38994. I enjoy your informative video. I’m interested n central Orlando greater area because I have family there. Any suggestions
    3
  38995. ahhh nice warm walk. thanks\
    3
  38996. Have you ever been in the Blue and Green Diamonds? Also have you ever been in the White Diamond? See the list of tallest building in Miami Beach Wikipedia
    3
  38997.  @MichaelBordenaro  Yes 😊
    3
  38998. Mike, That will be a great place to do your annual 10 best places to live in Florida video update .... from California beaches. Enjoy your holiday. Cheers.
    3
  38999. Avoid FL. Too many people
    3
  39000. Bad hair days, I hate them. As far as people who are negative and don’t welcome new comers I feel are the old wealthy bigots.
    3
  39001. The Drive was Very nice …definitely keep them going as your able!
    3
  39002. Mike, can people just moving to Florida start out doing very well (at least $60k a year gross pay) selling real estate working off of commissions? Is that something that takes years down there due to the other agent competition? I thought about doing that as an additional income generator when I make the move. Do you recommend people to get their real estate license in their home state first before moving to Florida just to hit the ground running faster? 👌🏻🌴🌞
    3
  39003. The housing market is actually crashing slowly in my opinion it’s just going to crash big-time over the next year
    3
  39004. Joe, I'm not a construction guy, but look into the German concrete that was used to make the pilings on the 'old Seven' bridge on the Overseas Highway. They are renovating that bridge right now to make a continuous bicycle path down the length of The Keys. The shocker is that the 1912 bridge pilings needed no renovation. The engineers said there was no spalling present and that the 1912 pilings were in far better condition than the pilings on the present/new 1982 bridge which CONSTANTLY have spalling issues. Seriously, Flagler used imported German concrete to make the pilings. Obviously they knew something back then that we've forgotten today, or Flagler didn't care what it cost him and he just wanted it to last.
    3
  39005. Thanks for taking us along on the trip. If you pass through jupiter please give us a little footage. We have been thinking of relocating our company to Florida. Looking at fort Myers or jupiter area
    3
  39006. Bloody hell..........no way could I afford that type of cost for a condo, or a house. I would have to move somehwere I have no idea where...
    3
  39007.  @MichaelBordenaro  Thanks
    3
  39008. Is Lisi editing while you drive 😂😂😂😂
    3
  39009. Don’t waste your precious time on such a negative comment when you clearly don’t know anything about Michael’s channel. Totally unnecessary...🤷‍♀️
    3
  39010. I LIKE THIS!! More of these videos but maybe 600k to 1mil homes:)) To the moooon🚀
    3
  39011. Reserves for what?
    3
  39012. Started the video with HEAVY sarcasm......lol
    3
  39013. I would move if I could but don't think I can afford that area🙂. Looks nice and peaceful!!
    3
  39014. Michael, Each episode you are showing us more and more valid reasons as to why the real estate market in Florida is going to totally collapse with values going down and down. Anyone can ask a High selling price for their home, but actually selling it and closing is an entirely different story.
    3
  39015. You are so right about nature being a true gift!
    3
  39016. An EV is OK if you also have a "real car". EVs are a toy. They are not ready for day to day practical transportation.
    3
  39017. Thanks!
    3
  39018. Back in the late 1970s banks would actually call your employer and ask if you were going to be still be working there in the following year, and ask about your character.
    3
  39019. 🇺🇸🙏🌎
    3
  39020. You are correct about costs and money to pay home expenses. In my estimate, people, families, 60 to 135 k per year income are getting squished, squeezed out of home owner ship, "The American dream" and car ownership is close behind as well as food and medical costs. Welcome to the 15-minute city, serif clsss participants! don't worry, the good guys always get their turn, eventually 😉
    3
  39021. "Name 1 reason" We have 2 super sweet pitbulls in our family. They have nowhere else to go. Renting is not an option. You couldn't think of one reason?
    3
  39022. Grey wife beater Mike in the streets 🤣👌🏽 I used to have packs and packs of those ready to go for those hot Miami summers
    3
  39023. 3 of those 4 cheap places were on Briggs list of the top ten places people regret moving too 😢
    3
  39024. Michael, do not let anyone get under your skin when they complain about you encouraging the purchase of gold/silver. My profession is financial analysis and I can affirm that, at present, the purchase of gold, silver AND platinum is VERY prudent. I would just add that anyone interested in precious metals should invest some time learning about how precious metals are priced. This way you go in well equipped to make educated, informed purchase decisions. Otherwise, well done sir 👍👍👍. You’re performing a real service.
    3
  39025. I want to move to Florida SO BAD!!!!!!! 🏖😎🌞
    3
  39026. Looks like a nice place. I have never used AirBnB before. But yeah, the owner should have made sure you had access to get through the gate. Otherwise I hope you both had a nice time.
    3
  39027. Hi Michael, good morning, this is the second time I see this video of yours, I forgot to ask you what program or tutorials are you using or recommend for the trading and investing on stock market. Let me know, if it’s possible thanks man!
    3
  39028. Michael Bordenaro , thanks for the response, I agree, knowing how to invest on all type of markets is the golden key 🔑, thank you once again for your honest cool 😎 videos.
    3
  39029. This is no mistake, this is no accident. JP slipped up and admitted they need to get wages down. Watch the video. There’s only one way to do that. People have to lose their jobs and get replaced by people who take lower pay. This is a purposeful crash they just have to call it a “correction”
    3
  39030. Question...Who are we?
    3
  39031. Do not park their, You will get towed. It's a big scam over their Sunny isles dolphin Towing they wait there to see you park.. I live there watch the cars get told all day long...
    3
  39032.  @MichaelBordenaro  Thank you for the response love your channel Just subscribe
    3
  39033. Michael, buy yourself a flannel shirt, and come back to the Midwest and do some walks on your way home. Times are tough and perhaps are going to get worse before they get better. But we don’t get those wild swings like you get on the coasts.
    3
  39034. Next year gas going up a buck a gallon. Things are not going down.
    3
  39035. Some nice houses Mike. We call it Apalach for short., St. George is my fav.
    3
  39036. One's credit goes down when one pays off debt. In OUR crazy fiat situation, money is CREATED by debt.
    3
  39037. I am thinking of moving to Sarasota in 2021. What are your thoughts on the gulf side of Florida, especially around the Tampa/Sarasota area?
    3
  39038. HI. CAN U GIVE ME UR THOUGHTS ON THE NOKOMIS FL. AREA IF UR FAMILIAR WITH IT. IM THINKING OF RENTING A HOUSE THERE. THX
    3
  39039. Brokers never thinks here are going to be a crash.. It usually takes a few months for it to set in after the crash happens. Brokers are always optimists. :)
    3
  39040.  @MichaelBordenaro  true so many people like cool weather too 😊 but we agree most people like peace and quiet and Nature. Thanks again and I wish great success on YouTube!
    3
  39041. i agree with your video title Michael. i know i am likely gonna have to work until i die sadly. HALF yes 50% of my 401k/vanguard retirement account has been wiped out. im in my late 20s now but its still a big hit. im blessed to have a cheap mortgage but i still worry about the future and pray to God that i dont get a serious medical condition that prevents me from working.
    3
  39042. Some of those homes are stinky cheap! However I bet the roofs have issues. Roofing in Florida is our version of car lemons.
    3
  39043. How can the feds even do their jobs when this Administration keeps spending money. When you're in a recession two rules as you don't raise taxes, and you don't spend more money.
    3
  39044. In middle of buying home with Pulte Home in Florida. They were about to put up dry wall. It's Ocala so not sure if and how bad was affected. Awaiting a picture. I would still move to Florida but that's why choose not the coast
    3
  39045.  @MichaelBordenaro  okay thanks just trying to get a feel for the pricing I’ll be heading there in 3 weeks for vacation to also check out some locations duplex’s when I’m ready to relocate in couple months
    3
  39046. Im considering moving to Ft Lauderdale. If you can please do a review of the beach there id really appreciate it. Thanks for everything you do.
    3
  39047. I’m sorry, grief is so difficult to deal with. 🙏🏻🙏🏻🙏🏻🙏🏻
    3
  39048. I live 45 minutes away, love ST. Augustine. I visit once a month and spend all day walking around.
    3
  39049.  @MichaelBordenaro  after watching more of your videos I learned that you're from belvidere Illinois. Most of my family is from there. I visit frequently
    3
  39050. Thanks! Mike $700,000 say that again. They did not have a realtor they had a person who needed money from a sale on commission.
    3
  39051. I lived in Thailand for 5 years and as fun and cheap and nice as it was Australia or any first world country is better but I did like Thailand as it is not multicultural as mostly Thai people there which was nice.Cheaper countries are not as Safe as road safety and so on.
    3
  39052. Drug crime is very high just west and south of downtown. I know by experience so be very careful in those areas. Stay with the crowds.
    3
  39053. Oh boy. The people that bought houses thinking it will be work from home forever. Price of gas will probably not go down dramatically and have potential to go higher depending on what happen in other parts of the world.
    3
  39054. Landlords don’t set rent prices…the market does. In the temporary short run, landlords may get to overprice the marketplace. As economic realities take over, rent prices will revert back to the mean.
    3
  39055. A neighborhood where no one power washes their driveways or sidewalks. Plus graffiti on the sidewalk. Nice look. Am ready to move there right now!! LOL. No thanks.
    3
  39056. What do you think of using the USDA as a broker? Apparently they offer down payment assistance.
    3
  39057. This is your best video to date, hands down.
    3
  39058.  @MichaelBordenaro  Same here... overall I think you are a reasonable cool dude and I just wanted to point out that I disagree with these two points you made about the policies in these liberal states and calling a constitutional right a loophole and a bad thing. That's all :)
    3
  39059. Love these - i'm buying in art deco and this one came up on zillow. It's huge for the price, but not enough natural light for me and that HOA fee is crazy
    3
  39060. 4
    3
  39061. wow thats what I want to do real estate and videos I woke up today feeling lost but Im praying for patience and clarity
    3
  39062. I lived right on that building and living on the beach was a dream I still can't believe :) Working on making $$$ to move back on the beach with the Family this time, but not Miami Beach this time...
    3
  39063. Almost 11K!!!
    3
  39064. Great Vlog. Is Juno Beach worth checking out if I’m staying on Hutchison Island? It looks beautiful, but it’s an hour away.
    3
  39065.  @MichaelBordenaro  thank you. I really appreciate your insight.
    3
  39066. Thanks Michael 👍
    3
  39067. I agree that prices can definitely get close to 2012 levels again - this could seriously be another "unique crash" due to all of its unusual factors just as 2008 was "unique" in its own right - this isn't going to be a typical cycle crash. Prices still have to be in line with median incomes if any of these joe shmoes who bought from FOMO ever plan on selling at this point - and the median income around late 2000's to the 2010's was around $50k to now where I think its high 50's or high 60s or so - either way not a big enough jump in income that would make these prices in any way sustainable.
    3
  39068. We have 118 homes currently in our zip code between $400,000 and $1,000,000. TWO have cut prices. That may be the beginning of the tsunami--or maybe it's hyper-local.
    3
  39069. Golfing tomorrow and using my golfnow coupon so the round will cost me $4. I bring my own beer along and walk the course. At the end of the day the only one who takes of me is.....ME! Timmy C the broke bald bastard. 😉
    3
  39070. Where is the best to BUY on the ocean? this video been made yet? I'm planning on moving to southern florida soon. Love your videos! Thanks for all the guidance!
    3
  39071. We are relying on you guys ..thank you guys….👍
    3
  39072. I’m from San Diego guys and most houses here specially those in suburbs area appreciate 40% over the market value in two years… so even 15% is still over valued and unaffordable..
    3
  39073. Nice to hear your "why" story, Michael. I'm a native Californian who got out of that place almost THIRTY years ago. I know that I did the right thing. Now that I'm close to retirement age, I plan to transfer to Florida in the next 2 years (depends on where I can get the transfer TO) and enjoy a warm climate once again. I like Wisconsin in the summer; I cannot STAND the brutal winters anymore, and hubby's starting to have health issues from working in the cold.
    3
  39074. Very nice to see your numbers growing. Keep up your great work. Thank you for sharing everything that you have researched in your personal time. Blessings, Carlos ✝️🙏❤️😊❗️
    3
  39075. Love it giving me good vibes. It looks great for families!
    3
  39076. Minimum 3' crawlspace should be code in most of Florida.
    3
  39077. Another great video! Best real estate content on You Tube! Thank you.
    3
  39078. Ive been in the south broward area for about 20yrs. I agree with everything you said. My wife and I started looking for new built & pre-construction homes all over the west coast of florida. However, due to the rising prices of materials, the prices on those homes have also increased. Not to mention, most of those homes will take over a year to get built.
    3
  39079. Look at how similar the stock market chart looks compare to median home price chart during the same period.
    3
  39080. I like your videos and I do relate how a good weather and a blue sky will have a positive effect on someone well being. I lived in such a beautiful climate and lived in Canada and good weather makes one more social and more outgoing indeed. I think under the NAFTA agreement , Mexicans and Canadians might have easier rules to buy a property in USA. For instance Canadians can easily cross the border and even work under the TN visa. Wish I can relocate to Florida.
    3
  39081. Yes pls. We are thinking to move to east coast of FL from IL next year. Especially, the area between Jacksonville and St. Augustine. Thanks for all informative videos you did, some even scare me off from the idea of moving lol but there's still a strong interest in that region.
    3
  39082. looking for a home on the beach......., no more than 10 mill. nothing modern either!
    3
  39083. If you have savings why in the hell use credit cards?!
    3
  39084. Houses are still far more dangerous than apartment blocks and highrises. How many buildings like this have collapsed in America before? 1 over the last 50 years? How many houses collapsed, on their own, from a tornado or a hurricane? Thousands and more.
    3
  39085. I just want to start over, I'm 30 years old. I have two small kids but they're four and eight so I think this is the perfect time to move to Florida. It's just trying to find an apartment because I want to rent first. Having in a hard time finding a place when you're in a different state though. I live up north and want a better lifestyle
    3
  39086. The State of MASSACHUSETTS has just froze hiring just now. Money is being spent on Illegals and not on citizens! What a joke!😝
    3
  39087. What a trip!! Wow!
    3
  39088. Debt enslavement = Usury = Amoral Time to get real.
    3
  39089. I really like Miami Beach
    3
  39090. Thinking about moving Kissimmee after nursing school..what do you think?
    3
  39091. Recession, not strong enough: we are headed for a global collapse into a massive depression! Fasten your seat belts!
    3
  39092. Thanks!
    3
  39093. California is a morally bankrupt place so of course they're going to have bad laws there concerning security deposits. Many of the people there are morally reprobate.
    3
  39094. Not even healthy anyway a lose lose
    3
  39095. I can make a very convincing argument that Belle Island in Miami Beach is the best Condo/Apartment location in all of MiamiDade County.
    3
  39096. Like your vids, content and scenery🌴
    3
  39097. Ocala has fun old hotels to view if you like the old architecture or watch dead motels on YouTube. I just appreciate the architecture.
    3
  39098. Millions can’t afford their utilities, but let’s switch over to electric vehicles. That will solve the problem. This whole going green and saving the planet is going to be the death of a lot of people not only here, but worldwide. Oh, and let’s have digital programmable money while we’re on the topic. You have to have a redundant backup system running along side whatever system you want to have and that is not happening at all. You want to kill a system that for over 100 years is all we have known, and pull the carpet out and change on a dime. Reality just doesn’t work that way.
    3
  39099. I don't think you are doom and gloom. Some people can have glitter and fairy dust sprinkled up their * and they are still complaining. There are a lot of gloom and doom channels on YouTube. However, you do not qualify. I enjoy seeing the walk scenery and the host without the 😎 whenever possible. Rock on real-estate warrior. Jeep, jeep, who doesn't luv a jeep 😀
    3
  39100. Wow. Fantastic video. Really well done Michael. You seem like a really cool guy. Best video I've seen on the subject. You've likely influenced where my wife and I will be moving to in four short weeks. Peace!
    3
  39101. Like you we live in northern Illinois in McHenry which isn’t to far from where you said you came from. The winters here are certainly taking its toll on us and in the next three years we’re planning on moving to the Orlando area. Not 100 percent sure where to start looking as far as what areas to avoid for shady neighborhoods. What could you recommend?
    3
  39102. Don't you get more white sand on the West coast? I love Clearwater beach myself and my in-law's have a place near Sarasota. I do love to surf though. We live in Myrtle Beach where you can surf, but it's very mild.
    3
  39103. "Your age?" :)
    3
  39104. In South Beach, the west side is the best side!
    3
  39105. You have enlightened many people with how their homes should be presented on line. I took a lesson from it. Thanks 😊
    3
  39106. Beverly Hills is beautiful. And I have really enjoyed the many beautiful neighborhoods of Miami. Beautiful places.
    3
  39107. Scenario: Companies are going to feel the recession pinch, fire high paying employees for remote workers who will accept lower salaries, and the fired employees will be left scrambling. It will contribute to houses being listed for sale and vacant apartments. Remote working… people from all over the world can fill your job.
    3
  39108. One consistent theme I've noticed over the past several months is the Biden Administration admitting things obvious to the average citizen for years now. Thank God he finally removed himself from the race today, though the damage is already done and will not be repaired in my lifetime.
    3
  39109. Great video -- you are so down to earth and logical. I wish I was at times! LOL
    3
  39110. The fundamental problem with marriage these days, is that people get married with divorce as a possibility. Previous generations got married for life, no matter what happened they would work through it. Divorce should be a last resort, not a first option.
    3
  39111. My thoughts exactly? It seems that NO1 takes the true views of marriage seriously. If anything at all I believe there should be an age when you can consent to marry n it should be somewhere around 21 for females n 25 for men 🤣🤣🤣 But in all seriousness, you are 💯 correct. Divorce is no longer a last resort, far too many jump to that before trying some genuine "problem solving" skills
    3
  39112. Merry Christmas Isaiah 9:6-7 6  For unto us a Child is born, Unto us a Son is given; And the government will be upon His shoulder. And His name will be called Wonderful, Counselor, Mighty God, Everlasting Father, Prince of Peace. 7  Of the increase of His government and peace There will be no end, Upon the throne of David and over His kingdom, To order it and establish it with judgment and justice From that time forward, even forever. The zeal of the Lord of hosts will perform this.
    3
  39113. Those title lock places are just legal scams. Joe Blow down the street can sell my house all he wants, but I wouldn't be out anything. Maybe 100 bucks or something for an eviction, but that's about it. Not worth the trouble that could arise from having my information on another database that could get hacked.
    3
  39114. Damn it Michael.. I am never first!
    3
  39115. Didn't know Jacksonville was the biggest...😀... interesting facts thanks for sharing...I have visited Everglades back in 2017..great experience....can u give an info about how good those apartments and house are against strong hurricanes??
    3
  39116. Can you do a video of Brevard county palm bay 32908, and acklawaha close to Silver dollar lake Marion county. My friend lived there but moved to Spain.Thank you
    3
  39117. Yep, city governments are requiring employees to return.
    3
  39118. It's not just McDonald's. I stopped at a burger king and ordered just a double whopper with cheese. No meal deal of anything just the burger. 10.65$
    3
  39119. Enjoyed the personal perspective. Very helpful and fun video. Thank you!
    3
  39120. Thanks for the videos and congrats on the milestone! I would like your input. Should I sell to Opendoor and make it a quick sale, I am aware that they offer below market value and I understand their fees structure , or should I list conventionally at this time. My reasons for wanting to sell to Opendoor are, this war that may continue to grow and involve the US, the fact that interest rates keep going up and the fact that the mortgage payments moratoriums will end in November.
    3
  39121. On space Coast. . . And prices are still climbing
    3
  39122. Florida is at will employment, there are no employment contracts here.
    3
  39123. Credit card to pay rent Is absurd!
    3
  39124. Hi bro ! I would like to ask you a few questions if you don't mind there I go : Being an EU citizen myself do you think it will be hard for me to relocate to Florida in a near future ? About the living cost, can an average person witn average salary live comfortably in Florida if yes what's the most suitable city for such personn ? And finally what is the lowest rent you can get in Florida for a decent house to live in ? Thanks in advance for your respone bro !
    3
  39125.  @MichaelBordenaro  thank you for your reply bro, I live in Belgium currently and I always been fascinated by Florida especially Miami beach 😁😂🤩 oh really that's not that bad then I thought it would be more expensive than that btw do you know if finding a job in Florida is easy ?
    3
  39126.  @MichaelBordenaro  My Sicilian mother totally agrees with you.... she always said, "Greed will only lead to grave." I didn't know what that meant as kid, but now I do......
    3
  39127. Wha can you tell about Sarasota
    3
  39128. Wall Street Journal " Large corporations are weeding out the employees who are "soft quitting" big time . U.S.A. Today in my local papper "Go ahead and soft quit honey " "Do it for your mental health" "They don't pay you enough just like everyone else " Two totally different newspappers . The writting is all over the wall again .
    3
  39129. Just sold to rent! Will buy a condo if mkt eases. As a single person I was Sick of dealing w picking up yard, to dealing w repairs and finding reliable affordable people. Just constant hassle and bullshit!!
    3
  39130. Rainbows & sunshine!
    3
  39131. Hey Michael, as I'm watching your vid this NEWS article popped up> "Tesla has opened up a new financing term option for EV customers with an 84-month term, extending the payoff period for vehicle owners that wish for more financial flexibility." 😂😢😨😱
    3
  39132. Cool workouts, way to think outside the box. Just did one of these myself. I liked the tricep dips and the backpack for the calve raises--smart! What was the surprise? The little head dance? LOL Nice!
    3
  39133. Keto Beach Mike can’t really dance🕺, so for him to even make that move in the end was a miracle 😂 I was really surprised when I saw it 😆
    3
  39134.  @MichaelBordenaro  I know, I remember this place they used to have called a GYM lol, hopefully they bring them back!
    3
  39135. I don’t know where you’ve been the last 20 years but registering your car has never been simple.
    3
  39136. That’s exactly what I’m planning to do this year! Renting in a high cost area, and buying in a low cost area. I’ll be able to have a permanent address in a no-tax state and will rent it at an attractive price to the right tenant.
    3
  39137. A good looking guy like you should be out front selling the furniture not in the warehouse. They used you all wrong...LOL Happy Thanksgiving Michael
    3
  39138. Do you have a video or can you do one on safeish neighborhoods in the Miami/ft lauderdale area for homes in the 300k range or renting in the 2k range? Thanks
    3
  39139. I know my sister and her husband definitely want a retirement lifestyle with activities mapped out for them to do every day. I wonder what a basic, 3/2 ranch home would cost and then what the HOA would be. The house they have now is paid off and they'll get a decent amount for it. I'm with you and Lissi. We need the beach. We moved from Ventnor Beach NJ to Oak Island, NC, and one of our deal MAKERS is that we have to be at, if not ON the beach. The dog is a beach bum and the beach vibe is his vibe.
    3
  39140. I'm going to visit there very soon! I've been to SB and Fort Lauderdale beaches many times. Never been to north beach. Is there a specific area or stretch that you recommend? The beach looks perfect in this video! Just as nice as SB without the craziness. Which is exactly what I'm looking for!
    3
  39141.  @MichaelBordenaro  Thanks for the info Michael! I booked a few days in the area to visit North Beach. I've always loved the water in Miami and you sold me on it. The beautiful beach without the craziness is the perfect fit for an older dude like me. Really looking forward to relaxing there! I have a few nights planned in the Keys as well. So it all works out great logistically. You can also hop on 41 or 75 and head right to the gulf for the day. Which I'd really like to do as well. It's been about 20 years since visiting that side
    3
  39142.  @MichaelBordenaro  I will for sure! I should have some feedback by early Nov. Thank you again for the advice!
    3
  39143. Michael! As I can observe the condo prices are going down in Miami Beach. Do you think it has a relation to the tragedy?
    3
  39144. Now invest in nano ledger. ONLY BUY from there website NO WHERE ELSE. the device can be compromised if you buy it from somewhere else. Store your crypto on a ledger wallet . This way u own the crypto OFFICIALLY . Coinbase can be hacked. Research mt gox . That alone would set your mind straight about storing large value on a exchange. I also own 1 bitcoin I bought in at $ 5300 back in March. Im very much in the money and there are individuals who are WAAAAAY in the money. Start looking for new coins on coinbase. Ex the graph coin that started trading yesterday if u had dumped 23k into it @10 cents you could have made 135k if u sold at the high of 59 cents TODAY. Look at new coins on coinbase as parabolic penny stocks to short.
    3
  39145. Holy hell! The parking! Been to that area many times. Yikes
    3
  39146. If my sister and brother in law decide to retire to Florida, I'll make sure that they have Michael find just the right community for them!
    3
  39147.  @MichaelBordenaro  Absolutely! In fact, anyone from NJ who ends up retiring to FL, I will make a direct referral! Whatever these algorithms are, I'm now recommended to more of your videos, and I'm watching and enjoying them!
    3
  39148.  @MichaelBordenaro  I am! You have a wonderful way about you, and that's what I look for!
    3
  39149. Northeast Gal Here… Con of living in Florida: No good pizza 😩 Sorry…But True! other than that, it’s all good ❤️
    3
  39150. I'm not going to feel like I'm in Miami without a Miami Vice montage at the beginning....
    3
  39151. I've been on Star Island filming as extras on a show in white villa on water.
    3
  39152. It’s all about market timing and now market timing is on the downside.
    3
  39153. You need to buy a house dude. Do you really want to be paying rent at 40 years old?
    3
  39154.  @Lisithedogwalker  You're welcome! You guys look really great together. I am a regular watcher of your man's channel and he seems like good peoples so I can imagine you are of the same cloth. Stay safe down there and keep making the Florida videos!
    3
  39155. I love your channel, break everything down so perfectly
    3
  39156. Hi Michael..yea I really miss the gym now. They are still closed in NYC. Last month I was able to go to the gym when I was in Tampa. I Excercise a bit at home but not the same thing. By the way I do like sweets a few times a week so while you were peeling the carrots I was eyeing that jar of biscotti you had on the counter....LOL...Take care.
    3
  39157. It seems we need a disaster in the economy to correct some massive injustice in home prices. 41 years ago I bought my first house at price that was twice my household gross annual income. Maybe 2.5 times. My mortgage payment was 85% of my bimonthly THP back then. Things are easier now than back then. $225k can still get you a nice 2br place and at half the interest rate of my first purchase
    3
  39158. Michael Bordenaro :))) & yes they are nice.🙂
    3
  39159. You got such nice hair Michael 💯
    3
  39160. I live in West Palm. I never go on vacation. Because i am on vacation every day I am not at work. My weekends are mini vacations. And we drove down to South Beach quite a bit. I suspect, many who live down here, like you and I, are in no hurry to travel, as we already live in paradise. Too much to see and do right here. Going to the Frost Museum Saturday.
    3
  39161. truth and entertaining . good stuff
    3
  39162. Good info Michael. Something to consider. Wouldn't live on the panhandle but the two counties north of Tampa Bay may be worth checking out.
    3
  39163. I'm really looking forward to the tour. Keep up the great work. I'm going to try to get down there next winter to see a friend in Hobe Sound.
    3
  39164. Smart and Logical. Mark, a Laguna Beach, Ca RE Broker
    3
  39165. Macro Economic numbers obscure high Regional Variation.
    3
  39166. There’s a sucker born every day. Lots of those overpaying in Miami.
    3
  39167. Great video mate. If you’re looking for topics I wonder if you consider doing a video on condo price vs. what it would rent for as a vacation rental. 👍
    3
  39168. Remember me but nice video
    3
  39169. Lizzy lookin good, getting brown as a berry…
    3
  39170. This is so so true. I am lucky enough to do what I love for a living but it took me a while to understand that comparing myself to others just made me miserable. I always felt no good enough but took a while to understand that success and happiness is an inner game. And we constantly have to work on ourselves and grow and above all, enjoy the journey (not only the end goal) 😊❤️
    3
  39171. what about rent prices?, will they go down too ?
    3
  39172. People arent giving back their raises since 2020, that drove the prices up. So the house prices will stay. We will have an all time high in the next few years.
    3
  39173. Incoming butt hurt people calling you names for complaining about the Spanish real estate license test! The Barney clip made me laugh
    3
  39174. Michael Bordenaro it shouldn’t to anyone, this is the United States, and Spanish isn’t the first language. Selling real estate is different from a Spanish speaking person running a Mexican restaurant
    3
  39175.  @MichaelBordenaro  Florida is an amazing state I love to visit. But I'm always happy to come back home to New York. I don't think I would ever want to live down there. It's just such a different lifestyle. Who knows maybe when I get old I'll change my mind.
    3
  39176. Hi Michael. Randall here again. Another great video with an enjoyable topic that can benefit people in many different situations. Your channel is not doom and gloom never has been. IMO. You are upbeat and bringing some good perspectives for people to consider for their unique situation. Credit card use increased, could be a product of the increase in online purchasing. They could be getting more for their scarce dollars online and also could be stocking up on some items at a lower price now as merchandise prices are expected to rise in the future. I'm sure there are many factors. I'm still hopeful. If I can be a cash buyer, finance rates would not matter to me and others selling houses to buy new ones. I would be either down sizing for retirement or buying less expensive to have money I could add to retirement. I'm still of the mind to wait and see how this plays out and with my situation.
    3
  39177. Yes I remember born and raised in Miami… A very unique place to live and grow up. Unlike any other place, Matheson hammock coconut grove all very change now including Tahiti beach these were amazing places, oh yeah venetian pool. The politics in Florida does concern me, but I am not trying to get back for that… Just as you are very adapted to being outside so was I even as a very little girl… Very crowded here in San Diego County, and a big hassle to have outdoor time. Love seeing Florida, would love it if you could do some YouTube’s on the current housing market for 2021. Not looking to go back to Miami, more East Coast above Broward county. Love that you appreciate the natural beauty there
    3
  39178. Sad
    3
  39179. The same house here in WA is over $ 1.5M.
    3
  39180. Michael, Broward County is only up 2% YOY! The housing market already gave up all the gains from 2022 and still falling. Inventory is up here as well. Love the videos, keep up the great work.
    3
  39181. Same song but worse gaming in the car business
    3
  39182. I am going to check this place out. Near Caledesi Island huh.
    3
  39183. This bill doesn't sound like it's enough. That tax will just go to the guy paying rent against these super corporations. IMO it needs to flat out ban these guys. But it wouldn't pass as the people funding these politicians are these companies, not you and me.
    3
  39184. Thank you thank you thank you good job today good video very informative
    3
  39185. Almost 100k subs! looking forward to seeing a silver YT plaque in the background soon!
    3
  39186. Yes 👍
    3
  39187. Kudos on the helpful video. Really enjoyed the vibe, and the objective info. In terms of dining out, a lot of restaurants are barely scraping by, and the people are just trying to make a living. Maybe just don't return?
    3
  39188. 🕊
    3
  39189. 😁😁😁 Turned on AC first time this year $$$$ . Boats Suck living on get a Job !!! Tie a Dog to ur Belt help the GF out...ALOHA🤑🤑🤑
    3
  39190. Thanks Mike for a fine friendly review of best places to live in FL.
    3
  39191. What about stock market crashes that last average 10 years to get back to even? You know that there is probably going to be 2-3 bear markets over the 30 years average bear market 20-30% for average 2-3 years downward movement. Bond market would be less risk than the stock market.
    3
  39192. Totally agree with you.❤️
    3
  39193. My cousin sold her beautiful home in Tampa a couple of years ago and now regrets it.
    3
  39194. Keep in mind when infrastructure is new in Florida it is cheap. It won't be cheap forever. Wait until schools need built and roads need fixed.
    3
  39195. Great videos, Michael. Remember folks....your house is ONLY worth what the next person is willing to pay for it. Real Estate is such a misallocation of capital. Sigh....
    3
  39196. anyone who thought houses rose 5x in price and were going to stay there permanently, deserves the coming bankruptcy for being so naive.
    3
  39197. Have you said anything about the commercial real estate bubble?
    3
  39198. I'm confused, is it Mother's day? Love all your videos. Very informative. Thank you for warning us about some of the problems we could encounter when booking an Air baba.
    3
  39199. Thanks for that. Hope you're enjoying your travels.
    3
  39200. hello, how're you? well i'm a student and i want to study in jacksonville downtown area so please tell me something about jacksonville is it have a job opportunity and have alot of fun activities???
    3
  39201. Yes, I like cozy houses. My house is an 864 sq ft prairie ranch style on a 1/3 acre (with an attached 624 sq ft garage and shop). It’s exactly what I wanted, perfect for my needs and I love it. Nothing against larger or smaller houses.
    3
  39202. "MOVING FORWARD" is supposed to sound positive...but where it's going now is forward off a cliff. Who can't see that? (Duh, Planned Decimation maybe, of the US middle class, so all will be only rich and poor)
    3
  39203. 13% income tax is high to you? Laughs in European Our rates go up to 52%
    3
  39204. Good to see you Michael. Glad you guys are enjoying Marin County. When are you guys coming down to Southern California? Say "hi" to Lisi for me.
    3
  39205. Always informative
    3
  39206. Sweet..!!! Yes Sir...!! I can feel the energy you put into this video.. Nice one!
    3
  39207. Do NOt buy any house now, let the market crash!!
    3
  39208. soon drugs will be cheaper than broccoli 😊
    3
  39209. There are good and bad agents. Regardless of what they are paid. You can save a lot of money Iif your agent is good at their job. A lot of realtors are bad at their job. So it is up to you to find a good one.
    3
  39210. Hello Michael, I received flyer 2 weeks ago also. I see 2 listings from Open door in the neighborhood my brother lives in Orlando. One of the properties has been on the market since March. They have done 4 price drops and no takers. By the way I went to Culver's, since i learned about the place from one of your videos and really liked the place.!
    3
  39211. Hey Michael, what do you think of the Hollywood/ Fort Lauderdale area? Are they building new homes down there, and how is the crime rate? I worked down in those areas in the late 80’s, and it seemed pretty scary then. Wondering if anything has changed. I like the Bradenton/ Sarasota/Tampa area, but like you said in another video, the red tide is really getting stinky/bad over there, and I’m not too keen of the wild drivers around Tampa. Thank you.
    3
  39212.  @MichaelBordenaro  Thank you for responding, much appreciated. I Just want to live in a place where I am not shamed for wanting normality. And my very last question - Are the native Floridians nice down here? I know people from Florida that have told me that people from PA can be... well, rude. They tell me that they miss the people of Florida because of how kind they were. NATIVES.
    3
  39213. Can you do a video driving around showing new condos going up along the ocean from boca to Miami
    3
  39214. That's guy 👦 is not every bright get rid of the girl friend.
    3
  39215. That's a nice bathroom. I like those walk-in showers. I'm not much of a tub person. It's different if it's a jacuzzi, but a small tub isn't one. 😅 I like grilling.
    3
  39216. Nice video on your guitars. I love guitars sounds, but I can't play. Some of my favorites are Al Di Meola, Carlos Santana, Allan Holdsworth Jeff Beck, BB King, Stevie Ray Vaughn, Lee Ritenour, and Larry Coryell.
    3
  39217. Love that hot pink house in the video!
    3
  39218.  @MichaelBordenaro  Los Angeles County is where I'm moving to when the whole virus situation is over. Stay safe!
    3
  39219. Hi Michael, your videos are great, and super helpful! I have an opportunity to move to Fort Lauderdale, or the Tampa area. I would love to be on the beach, or very close to it. I also need to be within 30 minutes of the airport for work. I'm in my 40's, single female, outdoorsy, and live a healthy lifestyle. Just wondering if you'd have any advice for me. Thanks so much!
    3
  39220. Thank you Michael. I'm leaning towards Lauderdale, the beach is a must, as I'm currently land locked in Phoenix...& the oven is preheating. ;) Cheers!
    3
  39221. Enjoyed the rain…Fresh
    3
  39222. While on your road trip, maybe you could go through Houston and see Travis. It'd be fun to have you both on a video. He'll probably take you shark fishing! I've been renting Lakeland for 2 years. It's nice here. Beautiful parks and lakes with paved walking paths. All kinds of shopping and plenty to do for fun. Great medical facilities too. California needs a new Governor. Be safe out there. Don't risk it in SF.
    3
  39223. Michael Bordenaro Florida I’ve been in Cali since 2018
    3
  39224. What do you think of Boca Raton? We have 2 boys (4 and 6) and I’m a physical therapist
    3
  39225. Thank you
    3
  39226. How is the job market for health care professionals in Florida?
    3
  39227. Been tempted to make some hyper low ball cash offers lately.
    3
  39228. First comment! Must say I love your clips! This is great news!!! Your student loan video was solid and that’s a good sign of what is around the corner
    3
  39229. Nice
    3
  39230. financially responsible is the key word... $5 cup of coffee is not... Yes, you are correct 2 years or longer for some normalcy to return to our area... Many layoffs are coming as the goal is global economic reset ...
    3
  39231. Great video!! Totally agree with you!
    3
  39232. Once my card is linked up, do I have to keep going into the app to do anything EACH time I shop? Thanks so much
    3
  39233. Did you move?
    3
  39234. You are so smart and handsome! 🥰😍
    3
  39235. INDEED he is!👌😄 I am a lucky woman!😍☺️
    3
  39236. LOVE THE SHIRT!!
    3
  39237. Make do with a lighter wallet ☹️😂😃
    3
  39238. Thanks for the advice. It sucks out here in California.
    3
  39239. Yeah, it's nice out here. I Meant the high cost of living out here lol. I have roommates, so it's not too bad :)
    3
  39240. I LOVE THE "FLATS" OF BEVERLY HILLS ❤
    3
  39241. Get used to it because water levels are rising . In 3 yrs , water will be flowing out those houses toilet bowls . Fact : Army or Government will force Floridians to retreat from lower areas . If someone from Gov ., offers you a Buyout package , jump !!!!
    3
  39242. I’m a Realtor and have lived in the Melbourne area for 25 years. This is changing my guy. Hit me up. Brevard County can sell booze 24/7 now.
    3
  39243. Great video great show
    3
  39244. Biden is designing the next economic downfall on purpose, so the Democrats will blame Republicans for trying to correct it once they get in office.
    3
  39245. Indeed. This is a discussion the country needs to have. Keep on bringing the info. It’s much appreciated.
    3
  39246. Great content. I watch both of you. Thanks
    3
  39247. FOMO will lead to PLMO (Please Let Me Out)....Michael, that's all I have to say ....Great Video..Thank you..
    3
  39248. Love from west palm 😎
    3
  39249. Take the drive down Highway 1 (Big Sur) to Hearst Castle. Awesome drive. Tour Hearst Castle & go to Solvang. Good food & atmosphere. Danish Community. Also, to Santa Barbara & Isla Vista. Recommend downtown Santa B. good eating & drinking places. From there either Las Vegas or LA.
    3
  39250.  @MichaelBordenaro  Well, if I had a house in Florida and every year I had to ask the shutter company to come along and shutter my house before the storm that would be annoying. Plus to pay every year the storm insurance company the premium etc.
    3
  39251. I moved to Oakland Ca and stayed there for 20 years. I was home sick for 20 years. Very Bad. Not everything was bad. I worked and purchased a condo and sold it for 3x what I paid. I would never choose to live in Oakland again.
    3
  39252.  @MichaelBordenaro  Yes I moved back to Pasadena Ca and have lived there for the past 18 years. I help my aging mother and take care of the house and other things that will eventually be sold one day. I work full time. I was warned not to move to Oakland but I was to young and stupid to listen at that time in my life. Oh well.
    3
  39253. My change is no WINTER ( screaming ). I hate it. I want to live where it is either warm or cool, walk the beaches, don't mind being a ways from the beach 1/2 hour or little more. I'm not a water person but love walking the beach. thank you !
    3
  39254. Thank you for the video Michael as well as the valuable information within it. 👍🏿🔥🙏🏿😁
    3
  39255. Did you say MiHammy? Lol I’m 57, I’ll be 58 in six weeks. Best shape of my life. Living in the tropics, and here in the Philippines where girls in their 20s are interested in foreigners of any age, I constantly feel that I want to give what I’m getting, and so I stay youthful and fit because that’s what I prefer in my taste in females. Never give up, as you say, you only get one life.
    3
  39256. Wait until the PepsiCo layoffs kick in. The largest grocery store in France and some other countries are completely boycotting the company and removing all of their products and subsidiaries products. It's going to hit PepsiCo hard.
    3
  39257.  @MichaelBordenaro  Your welcome 😎
    3
  39258. Coral Gables 🌴🇺🇸 Hehe. Strange you never mention the over inflated prices ? ? ? 🏄
    3
  39259.  @MichaelBordenaro  definitely Michael, Florida tho I’m beginning to think is going to take a lot longer than a lot of other markets, institutions and small investors are buying homes like there’s no tomorrow here, and why not, they are banking on Airbnb because Florida market is such a desirable vacation destination and when they’re making 5-10k a month profit on average, even at today’s stupid prices they’re still going to be profitable! There’s no stopping in sight unless some kind of regulations happen to stop this and if not retailers looking to buy in Florida are going to keep getting priced out especially with higher interest rates that are looming.
    3
  39260. I'll bet the elevators are out too! I spent 30 hours in Texas with no power and no heat in 12-degree weather. I am using my stimulus check to get a solar generator.
    3
  39261. You sure work hard.....Mike!
    3
  39262. The good old San Fran days... used Bart under bay to go to San Francisco New Years parade back in 1989. Leaving heading back to train all these guys heading back into China town area where carrying bats and chains. I ask one of the guys passing what is going on? (Wife was telling me not to engage). Dude tells me they riot after event every year. Lol. It's been on way down for a while
    3
  39263. Sending this great video to my son in Charlotte who has felt he may never be able to buy a home. This may motivate him to keep moving forward. Thank you!
    3
  39264. I might have missed it, Do you mention, droughts, snowy mountains, traffic jams. These all are different between the two states. To my knowledge Florida has very few mountains areas where people can experience snow within a few hours drive.
    3
  39265. Omgg you still live in Miami Beach ❤️❤️I’m from Miami too and I love it here
    3
  39266. It’s the gateway to the Northern District of the Canaveral National Seashore which I love…..Apollo Beach.
    3
  39267. I liked the last one the best, then the second one. Thank you!
    3
  39268. Being a Forever Bachelor I have been a Minority my whole adult life. Any programs for me?? 😋
    3
  39269. The plan is to crash the stock market, and bury everyone in debt. Resistance is Futile - The Borg
    3
  39270. END THE FED. Gold is money.
    3
  39271. Hi Michael 🥰 thank you for your advice. ♥️
    3
  39272.  @MichaelBordenaro  No problem! Also check out St. Andrews state park. It is only $8 per car per day to enter. It is absolutely gorgeous!
    3
  39273. OPEC will be cutting 2 million barrels of oil production a day. Biden as drained the nation's oil reserves down to 1980 levels. Looks like fuel cost are set for higher prices next year. Is 10$ diesel and gasoline possible?
    3
  39274. What about Panama City, Destin and Pensacola?
    3
  39275.  @MichaelBordenaro  I'm in Illinois...ugh..lol
    3
  39276. Looking forward to your future videos. Could you put a link to a paypal account so if viewers want to send a few dollars we can? I'm not really into monthly subscriptions for anything, I'd rather be spontaneous and pay as I go. Also, I read that Vero Beach on the East Coast is cool, has an old Florida vibe.
    3
  39277.  @MichaelBordenaro  Sure, I sent a small amount it'll buy you a few gallons of gas ... Thanks for doing some of the research a lot of us can't do. Have fun and I look forward to your videos.
    3
  39278.  @MichaelBordenaro  great, you’re welcome. Looking forward to your future videos.
    3
  39279. Great to see Nick!!
    3
  39280. Great work Micheal, Australia loves you!
    3
  39281. Your video just put a big smile on my face. We are moving to FL too! All the way from New Hampshire, cold endless winter!
    3
  39282. Ever watch Roadrunner? I dont want to be the Coyote.....because when the investors leave.......right off the cliff.
    3
  39283. Don't forget the high interest rates!! I see you didn't.
    3
  39284. I have seen those who said everything is fine are now changing there tune and saying I think the real estate market is in trouble. There is no denying it anymore.
    3
  39285. You could put your dirt bikes in the shed!
    3
  39286. Lloyd's of London and 10 others have backed out of Net Zero requirements in the last month. It's the UN Build Back Better plan doing this.
    3
  39287. Water is warm cause there's only an inch
    3
  39288. Hey now! I still want to finally go to college so Uncle Joe Biden can pay for it all....I Deserve It!! 😉
    3
  39289. Here's a thought the government Stepped in and said mom and pop landlords can't ask for their rent money for 4 years. But it's OK for grocery stores to charge crazy high prices and keep doing it even after the pandemic. Where's the fairness?
    3
  39290.  @MichaelBordenaro  We so appreciate you! ❤️
    3
  39291. My family was among the original settlers in South Florida. My mother's grandmother told her that in the 1920s using beach sand for construction was made illegal in Florida, since the salt corroded steel and concrete. Yet I read a comment on another video about witnessing trucks filled with beach sand driving on the pool deck of the condo during deck repairs. The writer wasn't even aware that using the beach sand was illegal. The concern was the weight of the trucks driving in that area. Safety just isn't being properly addressed.
    3
  39292. Oi Michael and Lisi. Have you been to Bahia Honda Park in the keys? Probably the best beach in Florida.
    3
  39293. You make my day!
    3
  39294. You are killing me man. Nice video. 😂
    3
  39295. Do people really think adjustable mortage can go down? That would be no business for the bank...........
    3
  39296. I hope they like that first house you talked about because their going to be keeping it. Someone's been watching to many home flipping shows😆
    3
  39297. I’d rather build a tiny home and park on a friends property or buy my own land etc.
    3
  39298. My sisters sister in law Is a real estate agent and she has been selling on average 1 home per week for the last 3 months here in the north east. Seems like the high interest rates aren’t deterring people from buying a home here
    3
  39299. Thanks again to both of you for sharing another excellent review, you have one of the best channels on YouTube Michael. Best Regards to both of you.
    3
  39300. Thanks Peter!!!!🙏😊
    3
  39301. Check out Idealista, like Zillow for Portugal.
    3
  39302. His name is Michael and he's taking it slow and steady right now while walking down the cocaine Highway.
    3
  39303. Hahahaha.. Say, I am sorry yes, I need coffee and when that is both downstairs and in the room!!!! So needed! And the breakfast downstairs is not being offered.. Well, yes, the Country Inn is better in this situation.
    3
  39304. Congrats!!! Thank you for your cool videos about Florida...Really nice...
    3
  39305. Thoughts on the dip in rates? Fomo brought people back in the market.
    3
  39306. Thank you veru nice. Greetings Frömurum Iceland.
    3
  39307. Good idea Mike, Deerfield, Hollywood..
    3
  39308. it sounds like you ask the question, and then you answer it! :) just saying.
    3
  39309. You make sense. I dig the Mesa Boogie too!
    3
  39310. Sunlight and breeze may get rid of that mold issue, maybe a different storage place. Maybe you need to expose it to sunlight more often. Maybe some other cleaners. Are the seats and steering wheel the only places that get moldy? Maybe it’s the material, is it leather or that fake leather? Maybe you’ll need to reupholster. Lots of “maybes”, wish I had a better answer.
    3
  39311. Michael Bordenaro good luck with it and let us know how it does🤞
    3
  39312. You're doing a great job!
    3
  39313. Grapefruit Seed Extract Liquid Concentate from NUTIBIOTIC with a little water kills the mold. Looks like you need a few bottles of this product.
    3
  39314. The great crash!!😃
    3
  39315. I challenge anyone to find a better video. Spoiler: you won't.
    3
  39316. Sorry, but it seems you want it to crash, Michael
    3
  39317. I always follow you on google maps so I can see the overview of the walk...Love it.
    3
  39318. Nice house and area! No garage would be a deal breaker. My hubby couldn't survive without his garage lol The house we built has a 3 car smh
    3
  39319. You nailed it. The US has been in a recession for the past 18 months. The government has manipulated the numbers to not show it for many quarters. Now that there is a new administration they have no problem revealing the truth.
    3
  39320. Love the beach “talks”
    3
  39321. This was excellent just what I was looking for , I think I may have to wait another year before I buy a Condo maybe in Miami or Ft Lauderdale ,,or Boca ....What about the new Condo in Miami build like in 2015 or earlier. Would they most likely have reserves . Thank you very much.
    3
  39322. Hi Michael. Fantastic video as always. Watching these listings I couldn't help but thought about that building collapse in Miami. I guess it's all forgotten now.
    3
  39323. 35T in debt I would say every single part of the government is flat broke. How can they loan 1 Penny to anyone? Oh yeah I forgot........ Money printer go bbrrrrrrrr.
    3
  39324. I'm sorry but I had to chuckle at "I'm not afraid to walk through here." You're literally standing next to a million dollar home. Miami beach is apparently WAY nicer than anything where I'm from.
    3
  39325. The Bahamas are like that. But a lot of the time half the island has thunderstorms while the other side of the islands stays sunny all day. California doesn’t have that weirdness it has people weirdness instead
    3
  39326. At least its warm!
    3
  39327. Just beautiful, cant wait to move there in April!
    3
  39328. Great video... greetings from Brasil
    3
  39329. I stayed at thay hotel my first time I visited Miami about 10 years ago. Now I moved to Miami 2 weeks ago
    3
  39330. We keep our air on, we just raise the temperature to 78 during the day. We also have blinds and curtains that we close during the day to help insulate our house. Lastly, during the summer, in the morning we close the accordion shutters on the back side of the house where the sun is the hottest and we open them back up in the evening so we can see the yard and the pool.
    3
  39331. Someone told me that “Hollywood is now dying!” I’m like “is it dying now, it is really tho??” No one knows it unless they find it out themselves!🤷🏼‍♀️
    3
  39332.  @MichaelBordenaro  right. still seems like the better idea. thanks
    3
  39333. Greatly informative information!
    3
  39334. All this cheap credit (I.E. HELOCs) is only going to fuel inflation higher. All of you waiting on a deal… I’m the one strapping you guys with these loans.
    3
  39335. They’re still hiring truck drivers everywhere!!!
    3
  39336. Land prices go up like the stock Market in this country .
    3
  39337. Unless one makes an extremely high income or did well in business, it’s important to start saving for retirement with very first paycheck and never stop. Aim for at least 20% to put away. Shove it in a Vanguard S&P 500 fund and wait 40 years. You will thank yourself. No crazy toys, RVs or vacation homes. But you can still have a decent and fun life along the way with some good vacations and memories. Then crank up the Johnny Paycheck song!
    3
  39338. I’m telling ya, you need to get a one wheel. Just tell the Girlfriend that it’s for work. They go like 20 miles on one charge. Fun. You’ll be able to cover a lot of ground in a short period of time. It’ll go off road and on the beach. Totally getting one, along with surfboard and fishing kayak.
    3
  39339.  @MichaelBordenaro  I hear ya. Thanks for responding. Really enjoy the. ideas. Once the market gets back under control in Sewalls Point, Stuart, Fl, I hope to finally buy down there. Really pricey right now. Keep up the great work.
    3
  39340. Any chance rents in Florida will come down when/if recession hits?
    3
  39341. I live in Condo in North CA. And I once I told my self I would never buy another property with HOA. But now I’m looking for a property around Fort Lauderdale with direct ocean view and all I see that I can only afford a condo under &600k. I wish I could find a house with direct ocean view around this price. So I guess I have no choice but into condo again.
    3
  39342. Thank you for sharing!
    3
  39343. Great videos man! So what's your age now and how long have you been living in Florida?
    3
  39344.  @MichaelBordenaro  awesome! I'm looking to move there soon from the Caribbean 👍👍👍
    3
  39345. We need Michael to do the budget at the White House lol
    3
  39346.  @MichaelBordenaro  Cool, and I meant to say west coast dang it lol. Yeah it really is special. It's not ridiculously expensive, nice sand, that old Spanish history. Seams to have just the right amount of jobs, locals, families vs. old folks ratios, and tourist. I love there too as you can see. Sarasota definitely interest me too but land has gotten so expensive there. Not to mention buying a house. I guess as always though we are paying for the opportunity and community.
    3
  39347. Great value video as always! I too am from Iran and I can tell you it is the best thing for me! a hot humid environment! :)))))
    3
  39348. I've been checking out New Port Richey and Brandon near Tampa. Do you think they'd be grouped in with those Tampa #'s
    3
  39349. Thank you very much, Michael......I'm thinking of moving to Century Village W. Palm Beach. I would appreciate it, if you would tell me what you think of Century Village W. Palm Beach ?? Once again, Thank you for your time and opinion.......Godspeed.....
    3
  39350.  @MichaelBordenaro  Thank you, I really appreciate the information and your opinion.......
    3
  39351. What time of year are we talking about
    3
  39352. You’re always on par.
    3
  39353. Fake economy,fake elections,fake money! Only the pain is real!
    3
  39354. I agree with you, great video.
    3
  39355. Do you have any future plans on moving to California?
    3
  39356. Nice to see you guys together again.
    3
  39357. I have been told 25% of mortgages are at least 2 months late.
    3
  39358. What do you think of Pensacola
    3
  39359.  @MichaelBordenaro  the wife and I are going to check it out this March. Hopefully we like it we are making a big move to Florida. A friend of ours is starting a big housing project down there, he says it’s up and coming area.
    3
  39360. Michael, this problem is the result of the Fed's misguided policies....designed to subsidize the banks, corporations, and legacy politicians!.....The root of the housing problem and high assest prices is artifically Low interest rates ! The cost of money is the root of the Entire Asset Pricing Mechanism.....Boy, I'm glad I was paying attention in Econ 101 ( 40+ years ago)...lol....Thank you for another thoughtful video....
    3
  39361.  @MichaelBordenaro  True, in time the prices of houses will go lower ( relative to incomes )....If the price of money reverts to the mean.....the pricing mechanism of most assets will be normalized......In other words, if our "capitalist " system was allowed to function without Fed and Govt. interference , you would have a more equitable economy (fair). Unfortunately, today we have socialism for the top to 2% and not true capitalism for the remaining 98%...in other words, the system is rigged forcing the average "Joe" ( you and me) to take-on greater risks ! Sorry to go on and on , but this whole thing is not going to end well....Gee Michael, you really got me to think !...lol....Thank you....
    3
  39362. Wow, I’ve seen 3 in the last few weeks in county parks
    3
  39363. I don't mind going out to sea as long as I can keep one foot on the dock.
    3
  39364. Hell yes
    3
  39365. Nevermind - I see another reader asked already. Thx
    3
  39366. Fairway is watching your videos.
    3
  39367. Michael, I finally get a company who want to hire in Florida. But i'm having troubles to find a reliable immigration lawyer to make all the papers properly. Do you know or recommend someone? Thank you for your awesome videos, It's helps me a lot with my decision to move and change my life. I'm from Argentina, I lived a few years in New Zealand, and for now, i'm stuck in China, waiting to do the paperwork.
    3
  39368. Well said.
    3
  39369.  @MichaelBordenaro  Why do you think people in Miami are so rude? Is it the heat? Lots of ex-Northerners from hardnosed cities? Spicy Latin tempers? You would think that people who live in such a beautiful setting would be super-nice because they are so inspired and content...
    3
  39370. When are the banks going to start repaying the $700 Billion bailout they were given due to their fraud? It’s not that people don’t want to pay back what they borrowed, it’s the compound interest which is higher than people can afford to pay. This causes the balance to continue to increase even though payments are being made. Maybe the banks can repay their bailout by stopping the compounded interest.
    3
  39371. 🌸💗🌸 Is Hollywood more affordable ? Ever walk around there ? 🌸💗🌸
    3
  39372. Holy Moly! Either renting or buying is expensive for this condo. Plus I'm beginning to question the safety of South Beach, especially after dark.
    3
  39373. Hi! Anna Maria Island | Longboat Key Realtor here! I like your assessment except for the average price of Bradenton. Over the last 18 months our prices have skyrocketed and finding anything under $300k is extremely difficult even condos. But we have a lot to offer!!
    3
  39374. When I played music out there 20 years ago it was expensive but NOT UNattainable- expensive.😮👎🏻. Just a bummer seeing California turn so crazy. I dont understand how it has APPreciated when so many people are leaving?
    3
  39375. Foreclosure owners are irresponsible, which is why they are foreclosed. They don't maintain their home, stressed out/run out of money. You want to avoid neighborhoods with multiple foreclosures. Typically, those are run-down neighborhoods. And all the mishaps of buying foreclosures Michael is talking about. They are risky investments and a lot of wasting time dealing with them.
    3
  39376. Thise countries HATE when we move in. The cost of EVERYTHING goes up for the locals because americans can pay more.
    3
  39377. I think it was your last video where you said you'll be putting out videos into the future. I sure hope you do, you put out great content. 👍
    3
  39378. You nailed it, the "MEDIA" loves over exaggerating everything to get there "RATINGS" up. ~~~>covid-19
    3
  39379. A lot of people lost there ass in the last crash taking out heloc’s to buy investment property. It’s a terrible idea.
    3
  39380. So Informative like the Whole Picture.
    3
  39381. pretty cool idea. unique content too
    3
  39382. Yes It Will be interesting Michael.🙂
    3
  39383. @Michael Yes, would love to learn more about the business.
    3
  39384. Remote is not the cause of the issues in the markets and economy. Low interest rates for decades, PPP loans, stimulus checks. That’s how these problems started.
    3
  39385. I know it's tough for spending time with your family and your friends or anything like that but don't be wrong because there's a lot of things that you meet people here in Miami or somewhere else in Key West or in Orlando or go to bars strip clubs night clubs or go to special groups like that.
    3
  39386. Michael, thank you for the informative video. Would you you choose Sarasota or Clearwater area to vacation?
    3
  39387.  @MichaelBordenaro  Great, I'm actually thinking of buying an investment property so I want to make sure there is enough for people to do if they rent my property. Thank you, Mike!
    3
  39388. Metallica !!!! ^^
    3
  39389. That's awesome!
    3
  39390. I can see the appeal of those little pods in certain areas and for a temporary solution, but not so that people can get into expensive South Beach neghborhoods. Those pods should be $250 a month in normal areas. The real solution is tiny homes, even permanent small sq/ft homes build in a modern style with mini split AC/heat pumps. Under 700 square feet with a loft and 14 foot ceilings. 2 Beds 1 bath at a cost of roughly $60,000 to build new. That's the answer for the next generation and I'm on board. Tiny homes are unbelievably cool and super liberating.
    3
  39391. Love your videos love miami beach i know the whole area wish i could live there i have family who lives in south miami i have stayed in miami beach alot keep doing your video i live in the bahamas
    3
  39392. Look at line items on the property tax invoice and notice the majority goes to the local Independent School Boards. Those School Board Trustees are usually drunk on power and spend, spend, spend and not always for the students education.
    3
  39393. Excellent content again Michael. Thank you.
    3
  39394. Bro, hook me up with your sister in law.
    3
  39395. Moved from Rhode Island to Florida 1 year ago. $125000 vs $300000 2bed condo. Much better winter heating bill. AC electric not a lot more than summer Rhode Island. 🌴😎🎯
    3
  39396. I like when you said “stop playing the lottery”. 🙌🏼👍🏼BINGO!💥
    3
  39397. Very beautiful and nicely decorated unit.. Thanks for sharing good information.. appreciate it..I wanna ask a question- which is better for living North Miami beach or south Miami beach?? Which is your favourite?? Thanks again 🙂
    3
  39398. Can you do an update on this one? Thanks!
    3
  39399. Thanks for sharing! Always enjoy your videos! Happy New Year!! 🥂
    3
  39400. its a hot slow burn, inpatient america, SPEND IT ALL !!!
    3
  39401. In the case of the man getting the home from his brother wouldn’t the title company inform him of the HELOC loan his brother had? If not the title company, who then?
    3
  39402. Have you considered having your Wife join you in some of the videos you produce so Women can get Her perspective on things? I think the viewership would grow much faster.
    3
  39403. there are no reasonable area's in Miami
    3
  39404. Very very informative video, I have one question though you mentioned condos go down faster than single family home, what about appreciation does condos appreciate like SFH or it's bad investment if I want to sell after some years let's say 5 years? Thanks again for your video, I will start watching the rest of your videos. I am new to SF and you are helping me a lot 🙂
    3
  39405. Michael Bordenaro Thank you and I love the beach!
    3
  39406. Michel, I think you are totally wrong on this one. We do not need the government getting involved, thats why we are in the trouble you see today. We cannot continue to bail out people who make bad decisions. Keep in mind every dollar the government spends (or gives away) they have to take it away from other tax payers who did the right thing. John
    3
  39407. Hi Lizzie! 👋
    3
  39408. Great video just saw another part of Miami Beach I have never seen before. Thank You
    3
  39409. Love this channel Michael, keep up the good work!
    3
  39410. Destin is beautiful, I have friends living there. The water is clear on a calm ocean day.
    3
  39411. Looks like some good picnicking under those trees in the park😊
    3
  39412. Love this walk and talk in this beautiful neighborhood.
    3
  39413. Great discussion and info. Thanks. Subbed
    3
  39414. I love visiting the Keys!! Fun to see you filming there!
    3
  39415. Property TAX ... ? Something to consider ..... .... State Laws mandate the DEED goes DIRECTLY to Buyer at Closing ... Recording the Deed is at discretion of the Buyer ..... Do not let the closing Escrow agents take your DEED and send it to County for recording. ALSO ... you will avoid Property Tax because your property will NOT be in Public Records .... Get smart or Play Dumb and believe the "all knowing liars." ... look it up or believe the LIE. Here is PROOF ... Florida Statutes ... Title 6 chapter 56 ... Section 25: Execution sale; bill of sale or deed.—When a sale is made under an execution, the officer making the sale shall execute and deliver to the purchaser a deed or bill of sale to the property on payment of the purchase money and the cost of the deed or bill of sale. .... Notice the delivery is ACTUAL and not constructive. Constructive delivery is the County Recorder sending the deed to you AFTER they record it and make you LIABLE for the Property Tax .... get smart or be like sheep and take orders from LIARS and the status quo ...
    3
  39416. How are those apartments? Can you hear a lot of noise from the floor upstairs?
    3
  39417. Housing inventory is the key word.
    3
  39418. There's a number of homes for rent for 1,200 or less, and wondering what you would look for in these places to make sure it's legit. That price seems cheap, for a full home. I'm guessing one of the reasons is they're more "out in the sticks".
    3
  39419. Honestly you are judging way too hard on the student loan people. I am one of them and know this money will release so much stress, idk where you get this imaginary 73% number from maybe one study but that’s not true. Where do you expect the extra money to go? In a saving account? The money moves it way back into the economy which brings in more taxs so actually it helps the system instead of just hoarding it. You never had student loans so you don’t know the burden but I still enjoy your videos even though you don’t understand the other side. Always greener on the other side my friend
    3
  39420. Thank you Michael for the usual info...👍🙂..at least they are cheaper than California 🙄.. Sunshine State 😎🌞
    3
  39421. Thank you for sharing your thoughts with us they are very valid. I was born and raised in South, Florida and spent a lot of my younger years at Surfside I love this area it's very diversified the people are amazing. I still have not been able to get over what happened it saddens me. Terrible tragedy. New subscriber. God Bless you Michael.
    3
  39422. Michael,...you are quite the deep thinker. I just got done reading a book called ''America: The Farewell Tour'' which touched on many of the issues you talked about with regard to what has been lost in this world,... due to instant gratification,..... to the detriment of society and REAL social interaction. One chapter touched on the demise of Rockford IL and the loss of decent paying jobs in the 1980's.They mentioned a company called Nylint Toy Corporation as an example..and a hiking place called Cascade Mountain. Wasn't sure if you had heard of either. I assume many people in the Rust Belt region feel ''Left Behind and Stuck in Life.''
    3
  39423. Not sure why insurance is so expensive when we haven't had a major hurricane in a long time.
    3
  39424. Hey michael..big fan...please tell is it safe to live in porche tower?
    3
  39425.  @MichaelBordenaro  by safe I mean at the time of hurricane...the building is safe
    3
  39426. Appreciated michael.. you are doing a fabulous job...keep it up❤️
    3
  39427. Happy these greedy corporate investors are in losing, overpaying driving up property price everywhere. Hopefully price correction comes soon. No more bail outs!
    3
  39428. Our government has ruined the CRE market, the RRE market, the bond and stock markets. It looks like the dollar market is also starting to have problems.
    3
  39429. Another reason to obtain and maintain a good credit rating is that more and more employers are checking credit scores as another indicator of the character/reliability/conscientiousness etc. of the prospective employee.
    3
  39430. Glad to see my county (Portage, OH) and metro area (Cleveland/Akron, OH) in purple, which is what I predicted before you showed the map. We were one of the last areas to fully recover our property values from the Great Recession, which was only about three years ago. I predict we will be mostly spared from the next correction/crash in the housing market much like nearby Pittsburgh was during the last one. I think Pittsburgh will repeat that performance as well.   I also had my first unsolicited inquiry from an individual looking to buy my townhome that I purchased brand new in 2004, her son was new to the area and was having no luck finding anything available. I was barely above water in equity only 5-6 years ago.
    3
  39431. I had to back up the video .. 350k per month 😂😂😂😂😂 with a dead tree in the front and poor landscaping. No way!
    3
  39432. You have a lot to gain by moving, especially if your "good deal" 2.5K per mo lease ends and you have to pay the going rate. I moved to a few different states, mostly for low cost of living and not too cold or dangerous weather. No need for a job since a yr 2000 layoff from work. I try not to buy too much big bulky heavy items to make moving less of a chore. Only negative I see is the red hot housing market in FL will force you to pay up big time...grrr
    3
  39433.  @MichaelBordenaro  It's hard to imagine the next RE downturn now as hot as the FL market is and really the whole country is. The low rates must really be pushing everyone to move and buy a house, along with flippers and cash buyers. I don't recall a market this hot before.
    3
  39434.  @MichaelBordenaro  I Respect all the work it takes to produce a well thought-out video ! It's tough to come up with quaility content. Michael, you also respond to your comments....that's Dedication !!
    3
  39435. I say do what the big boys do. Take the 1% down loan. The 40 k you would put down put into short term tbills. House goes up in value great. If not walk like the big boys.
    3
  39436. ohhlalala what eye candy you brought today. this is the best video you have ever made. keep up the good work. really impressing video.
    3
  39437. Will you see Key West? And play music from 12 monkeys movie.
    3
  39438. Money can’t buy you happiness, but it helps. Great video.
    3
  39439. Maybe next time you could unbox a good bar 😁 I'd love to see a video of how to meet people when moving to Florida!
    3
  39440. Great video! See you all in Oaklahoma city
    3
  39441. U know why u are happier in Florida and your more positive It’s the sunshine vitamin D that you get in Florida where in Illinois it’s always cold so you get depressed it’s kind a like Seattle cloudy rainy also they say that the sand and the grass has earth grounding rays which is healthy for a lot of health issues
    3
  39442. For the algorithm.
    3
  39443. You are living in an area that is over populated therefore you are waiting too long for an appointment...I don't have to wait that long for an appointment in Sarasota.
    3
  39444. Now NY is going to pay each illegal there 120k a year of tax payer money
    3
  39445. She may have a case that the city was negligent in notifying her properly. Expect all municipalities to become more predatory, don't expect them to cut their salary or benefits, they'll be coming to you to make sure their pension contributions for their retirement and their health benefits are paid for by the taxpayers.
    3
  39446. It was so nice to meet your family on your cross country trip🐊Thank you for all your videos 🙏🙏
    3
  39447. Nice video. Thanks
    3
  39448. New Smyrna Beach is just not for you. I grew up in Florida and this was the perfect beach for me.
    3
  39449. Thank you for keeping it candid and honest. I have taken my first step moving to FL.
    3
  39450. This damn houses take too long to drop in prices .
    3
  39451. Ban them. None of them should have been allowed to purchase our real estate period or our water like out west. Apparently, they care more about the Saudia Arabian with water and china with real estate than to the people of their own US country
    3
  39452. Thanks for the information, I’m looking to move to Florida soon, but this will definitely helps
    3
  39453. Michael Bordenaro maybe you can give me some advices about places to live there,
    3
  39454. Thank you so much!
    3
  39455. Hello from Bellevue WA. Great tips and insight. Thank you for another helpful post Michael.
    3
  39456. Great video!! Keep up the great work!!
    3
  39457. Looks beautiful, I would love living in the The Villages, except for the location. To far from the coast. I have since found a different 55+ community that I will be buying with in a year.
    3
  39458. Are there any water-front Florida cities that are safe from hurricanes?
    3
  39459. Michael Bordenaro Darn, OK. I was hopeful! I appreciate your reply.
    3
  39460. Michael Bordenaro Very true! Are there any cities that you can think of that get hit the least by hurricanes?
    3
  39461. Hello!!! Watch you everyday!
    3
  39462. Excellent video Michael. I am afraid housing will be out of reach. Owning a home has been out of reach for many people for many years. Now renting a home is the new “I can’t afford a place to live” period. As you said, rents will not go down if the housing market crashes.
    3
  39463. We dont have the electrical generation capacity to charge these electric vehicles. We would have to triple our energy output to charge them. No way the greens allow that to be done. Electric cars just arent going to cut it.
    3
  39464. I find your video very informative. I have learnt a lot from you. Thanks very much.
    3
  39465. Yeah it's something you don't think of when watching your videos... how much work was involved!
    3
  39466. Thanks for your knowledgeable tips, sounds scary from a well known firm ??
    3
  39467. Great video.
    3
  39468. I think many of the investors are selling to get some cash to fix up their other places. Getting them up to "green" specs
    3
  39469. I’m inland in Fort Myers 25 min from Fort Myers beaches and I didn’t get flooded .
    3
  39470. Bonita Springs is on my radar!! Thanks Michael, keep up the great work!
    3
  39471. 👍👍👍
    3
  39472. Hello everybody!🏝I've been on HONEYMOON in 2018! Thanks for video!
    3
  39473. There is a YouTube gamer girl that grew up in Tampa I'm not going to give her name but she said her mom went homeless in Tampa and had to help her because they raised her rent and after she got her situated then they turned around and done the same to her and so she move also. I think it was Iowa or somewhere like that she was forced out of Tampa and was born and raised there. But she was saying they raise her apartment rent like $800 overnight when her lease was up.
    3
  39474. Why didn't you hire the SEO guy, if you could see that the traffic really was there when he worked on it. I don't understand why it has to be worked on constantly myself. Isn't it supposed to be set it and forget it, passive income, all that? But maybe you didn't want to throw good money after bad?
    3
  39475. Hi Micheal...I moved to Tampa in 2007. Was there 5 years. I still have those old maps but I could never use them for driving. For me they just give me the general locations of cities. I believe I went on my computer and printed the directions. I did that for a while when I lived there. Sometimes I was lost and would call my friend...He helped me a lot just getting around. Now when I'm there I pretty much know my way around and use GPS. By the way..cool pics of your modeling days. Be Well
    3
  39476. Typo in your title Michael. Pirce.
    3
  39477. Happy Holidays everyone.
    3
  39478. Remember alot of people were living paycheck to paycheck before this inflation so imagine today........
    3
  39479. Charlie Munger is correct about envy being a problem, but he is wrong about the free enterprise system being the primary cause of wealth inequality. Government capture is a bigger cause. Government policies, particularly those of the federal government, shape outcomes under the free enterprise system. If the government does not enforce antitrust laws, wealth travels from the bottom up. If the government sets the top marginal tax bracket too low, wealth travels from the bottom up. When the Federal Reserve established QE as its official policy in 2010, the Fed was trying to increase the wealth of asset holders at the expense of everyone else.
    3
  39480. Another Good Video !.....Here's an idea, Michael.....make the mayor and other city officials live in those homeless affected areas in Portland...I can almost state: "as a Fact" , the "problem" would be solved in Less than a Week !!...(lol).....Thank you..
    3
  39481. I don't know if i would take advantage of your opportunity to share your wealth with other banks. Sounds like they want to ensure everyone goes broke when the banks do fail.
    3
  39482. And he doesn't sound like an infomercial... like just talking to somebody in their living room
    3
  39483. This is a good heads-up about renting an airbnb, thank you. I wonder how well they are doing across the state of Florida?
    3
  39484. California needs to defund entire police force and begins to make new peaceful social worker forces. Welcome to 1-Party rule State!
    3
  39485. Thanks so much for another wonderful head ups👏👍🙏💞
    3
  39486. Thanks for this video and all the tips Michael. I'm going to try your AC tip starting tonight.
    3
  39487. The kids may learn something schools don't teach. Think about money more and save. People want cash so they don't want their purchases tracked. A store in a tiny town is cash only.
    3
  39488. Great spot
    3
  39489. I think you should have wore the tank top anyway and muscled through come on Michael
    3
  39490. Mrs George Belgrade says how come your grandfather is more handsome than you. She says he's hot and looks way too young to be grandpa.
    3
  39491. Hi Michael, great video. What about health insurance? I am not familiar with this one as I am currently living in Europe. How much is that per month?
    3
  39492. Section 8 is very good for low income housing, because government is paying you on time every month vs you relying on your tenant.
    3
  39493. Thanks for the reply, much appreciated. You’re %100 right on the quality of tenants on section 8.
    3
  39494. Texas Roadhouse is still good. Atlantic City casino hotels are still good.
    3
  39495. I saw a news story this morning that indicates chinese buyers are flooding into the florida market. How will this let the prices go down?
    3
  39496. does buy now pay later help your credit score?
    3
  39497. Hey Michael, I'm moving to North Beach shortly. Would love to check out the area you're at. Can you give the name of park, street where those single family houses are?
    3
  39498. Thanks for doing this video because that was my concern about buying in Florida mainly because I hate TN summers! If I could have a vacay place there for the milder part of the year and another place farther North the rest of the year that might work. But this video convinced me for sure I can't live there the whole year without being miserable. I'm just not that much of a sun goddess lol
    3
  39499. Would condos require flood/wind insurance, especially if the unit is above ground level? Super honest video given you’re a real estate agent you’re really shooting yourself in the foot lol! Appreciate the info.
    3
  39500. Hi! Sounds like you're ready fur a new adventure (: Good luck!!! 🤞 We're starting a new journey. We bought new construction and everything is on hold due to a window shortage. We were supposed to be in Palm Coast next week, now not until August at the earliest. Definitely won't miss Wisconsin's weather! We've went from mid 80s to high 40s in the same week lol
    3
  39501. Sinkholes are a fear of mine - even if highly unlikely to be swallowed up, I can't not think about it lol Tbh, the most concerning part of this video is the COST of sinkhole insurance coverage - didn't know that was even "a thing"! I've been looking at Tampa/St Pete area so that map was quite concerning...to say the least...😆😫
    3
  39502. Loved the wide angle and the drive. I grew up in San Diego and that traffic was def comparable. Beautiful drive tho! Thanks
    3
  39503. My response to your video title: yes.
    3
  39504. can you refer family with the same shipping/billing address?
    3
  39505. affordability didn't leave the usa... it just moved to another city. always has. always been some people who don't understand that. rent for life then.
    3
  39506. The world has been in a continuous recession since 2008. We are now in a depression. The reason why this is so is because government EBT cards and printed money hide the truth. The US taxpayers know what is going on because they are being bled dry and separated from their cash. US politicians wage undeclared wars around the world. The military industrial complex benefits while paying dividend checks through insider trading payouts and hefty off-the-books-campaign-contributions which are tax exempt free cash to crooks.
    3
  39507. 3 ml. for a house next to the freeway. Sign me up.
    3
  39508. Michael you seem like a good guy 👍
    3
  39509.  @MichaelBordenaro  understand Thanks😊
    3
  39510. Hey man, i heard you can get 3 bedroom for around $1500 in florida. This place in the video is in miami, is that why price is expensive for 1 bedroom
    3
  39511. Isn't Joetato going to do a loan forgiveness plan for homeowners and car owners who can't make their payments? Why do the wealthy expect me to pay my bills???
    3
  39512. Not really if you were the last condo holding out and they had $150M on the line. I suspect you could get $2M for it. In this case, the last holdout wins. However in the world of human resources its the opposite. The first buyout is the best. You take it and move on. Becuase the last buyout will be a kick in the butt out the door
    3
  39513. I'm surprised I never see you. I run from the park around 78th st and run two miles south everyday.
    3
  39514. hmmm the vpn is very cheap and good content as usual on your can't miss channel 😁😁
    3
  39515. How can failure to disclose be prosecuted when the buyer agreed to such terms?
    3
  39516. Soo why would a realtor help people buy homes. They would just only sell homes.
    3
  39517. Olympia,Wa i pay $1300 for a small 1 bed apt
    3
  39518. Congratulations on 100k. Your videos are very informative and you come across as a genuinely nice person!
    3
  39519. thank you. ps your really cute
    3
  39520. what if I am going to Lakeland for ministry school just as a visitor, do I have to get registered and everything with license plates and everything? I just went to ministry school in CA and yeah your right so expensive there. Awesome video bro, thank you for your help!
    3
  39521. Hybrid set up is a good compromise
    3
  39522. MIchael, loved this video. Spot on. Unfortunately we are at the mercy of self serving politicians. Their only interest is to get reelected to their do nothing jobs and will make economic decisions based on getting voted back into office. We are in a tight spot right now. The Fed has to do the right thing by raising the rate and hopefully will not be influenced by the distorted views of the politicians!! I think thats the only way to fix this mess.
    3
  39523.  @MichaelBordenaro  I am watching your videos,because thinking about moving to Orlando in 2 months.I know it's hot and humid there,but i used to live in Alabama(worse than FL)😀😀.I will be OK!
    3
  39524. Could tell me the best place to buy website?
    3
  39525. This is absolutely gorgeous! Thank you for making this video! :-)
    3
  39526.  @MichaelBordenaro  Did NOT enjoy? I would think just the opposite! I would think that they LOVED this video!
    3
  39527. Car payment more than his mortgage???
    3
  39528. What a privilege to witness nature in all its glory! You certainly don’t get sunsets like that on the East Coast that’s for sure. 🤨
    3
  39529. Interior Florida is more affordable than the coasts. But it gets hot and humid as hell for seemingly forever. The ocean breeze makes it bearable. Big bugs too!
    3
  39530. These are seasonal rentals! So they rent for double the price for the year
    3
  39531. The video of Bitcoin you made 2 weeks ago at the price of 22k$. Today it’s worth 33k$. Do you feel bad for not buying more bitcoins at the time? I mean 10k in two weeks ain’t bad results at all.
    3
  39532. Interesting consequences of remote workers moving to that area.
    3
  39533. It’s certainly your hottest broadcast with Lizzie /Lisi tagging along 🖖👍🤩
    3
  39534. Your always right on! I am waiting till 2024 still may keep renting. Shaky market and laying low might be the ticket. Won't buy in Florida due to hurricane damage beyond repair. Life savings destroyed! Still renting, not responsible for nothing, except my dog & me!
    3
  39535. Keeping up with Jones!? Not happening!!🐬
    3
  39536. I don’t believe anything that realtors say . They definitely will say that because they are sellers they sell houses . They don’t want you to stop buying houses. Im a investor im just being patient to bug in discount
    3
  39537. It's been really hard to pay attention to the updates on this situation... my heart breaks for everyone involved, especially for those who know one of the 151 missing who don't have answers yet. On a personal level, I was already feeling like Miami Beach in general may not be for me after this years spring break fiasco... but this event kind of solidified that feeling for me. I think that when it comes time for me to move down there it will be on the mainland. I don't feel anxiety about high rises especially newer ones, but I do feel anxiety about the fact that Miami Beach was constructed on limestone and I think it had to have played a role in this event.
    3
  39538. Nice one again today Michael thanks. I think you make great valid points. The Gov will be slow to do anything really . The FED is slowing tapering their bond purchase but they really need make significant rate increases to stem the inflation. Forgot to say my prediction is a hard crash for Florida. Mainly due to wages dont keep up with high prices there.
    3
  39539. I've always been the only one who does my job at a place, and it tends to be very solitary so showing up never mad much sense. I started working from home in 2019, and I hope I don't get swept up in the back to the office movement. Also I can't afford a house and I might rent an office for $400 per month... I'm self employed but do 6-15 month contracts.
    3
  39540. retirement was a lie, never in human history have people been able to retire unless you were a wealthy elite. they made us all buy into the SS scam and now there's no way out
    3
  39541. I have 60k saved but because of my income can’t get approved for anything besides the shittiest of nut shack.
    3
  39542. Thank you for this, very understandable and needed. In Phoenix housing is off the charts, and apartment rental prices have skyrocketed as well. No place to go if you’re a seller. Sounds crazy to want a recession but it’s understandable.
    3
  39543. Siesta Key beach looks amazing. I see it is not too far from Sarasota. My research shows the gulf side gets more hurricanes than the eastern side of Florida. That is a good problem to have, west or east coast of paradise. LOL The west coast beaches are some of the best rated in the country from my research. Siesta key looks like a nice beach town. Thanks for the videos, it is very useful as a guide to beaches and places to visit. Are you going to do like a summary of your favorite/top 4 0r 5 places when you are done?
    3
  39544. Ideal conditions
    3
  39545. I am glad to see what the market has today. Good job on presentation. Thanks.
    3
  39546. Florida has amazing beaches up and and down both coasts. I prefer the beaches though in Miami-Dade, they make you feel like you are in the Caribbean somewhere..
    3
  39547.  @MichaelBordenaro  Michael, I have an interesting video idea when you are ready to talk
    3
  39548.  @arisgod2749  That is very nice the water and the weather there is warm and good. I do love Florida by way of the Atlantic size from Miami up to Ft.Lauderdale. I have family in Orlando but I also have my friends in Miami. Since I worked for an airline, I love to traveling and to see great beaches.
    3
  39549.  @MichaelBordenaro  Well, that was a great beach outing. And since that town area has a small store strip area is not bad. If I lived there in that region then I would find other small towns for the grocery and beach clothing. LOL😄😄
    3
  39550.  @MichaelBordenaro  Thanks Michael. Yes, I hear you. But thanks for showing these other Florida beach areas in your travels.😄 So, I would still find a store to buy a picnic basket for some 🍷 wine and great food to continue to make it to gorgeous beach with great summer weather.☺☺
    3
  39551. All spot on sir. Except possibly the voting part. I think we may have finally reached that point where they simply do not answer to anyone, and don't care what we think. I suspect the only reason there's voting at all is to compose lists of potential enemies of the state who voted "wrong".
    3
  39552. Michael when are u going to visit Pinecrest and Miami shore and Kendall and doral neighborhoods
    3
  39553.  @MichaelBordenaro  thanks Michael I enjoy your videos about Florida those areas are nice ones dont forget I check it out
    3
  39554. I'm video binging trying to catch up, so my comments are days late since you posted. That first house story with the poopy landscaping was laughable. I'm beginning to think that our long-term often insufferable heat and humidity has affected the brains of our residents with these prices.
    3
  39555. Yeah as a professional construction Painter its alot just to fix apts. Pain in ass tenants just suck. Filling units w/ good Tenents can be a struggle here in So. Cal. big time.
    3
  39556. This video was great. Keep sharing your story. We need hope right now 🙏
    3
  39557. Most of the Real Estate Agents I've encountered lie + want to quickly make you sign to buy AS IS + bid for the highest price + no inspections + pay escrow deposit + do no legwork or research on finding what I'm asking for
    3
  39558. He’s right about California being bad for lockdown but NYC was probably even worse. It ruined my job and more.
    3
  39559. Just found your channel, was finding a full Time job difficult? And I’m 20 but I want to move to Orlando, do I look for a place or get a job first?
    3
  39560. Michael Bordenaro understandable because I’m in the supply chain business, as a logistics analyst/specialist not sure it’s in high demand in FL though
    3
  39561. Michael Bordenaro true, I appreciate your help
    3
  39562. Phoenix market is getting rocked! I see so many houses just sitting, But! they are not dropping prices
    3
  39563. Wow send some of that rain to the west coast! We're drying up in Tampa!
    3
  39564. Those homes r better and prettier than new ones
    3
  39565. The Federal government still has a pension... just not as good as the civil service pension.
    3
  39566. I live in Queen Creek, AZ and my home insurance has been $1195 a year for the last 3 years and is not going up.
    3
  39567. Congratulations on 300K subscribers.
    3
  39568. ok I emailed them to u ! I did not buy because of high insurance rates, please I like my privacy dont use my name thank you
    3
  39569. Michael, So awesome video but how does one from Michigan jump on those deals, we have cash, but live in Michigan So how can one see a house before it goes off the market? Do we have you put a bid in for us? Do i take a quick flight? How can you help me with landing a house? Thank you again for your awesome and honest videos! Pce and Thanks Dave
    3
  39570. We're planning on moving to Florida from the Pacific NW where we have moderate weather & low humidity. How did you adjust to the humidity in the Summer? How long did it take?
    3
  39571.  @MichaelBordenaro  Thanks for your honesty. We're planning on moving to Florida from Portland Oregon in about a year. Feeling positive about everything except the humidity. We're looking at Sunrise or Hollywood. Your videos are very helpful. Thank you.
    3
  39572. China is definitely on the sacntions ladders so the story about farmland restrictions is very possible. With that kind of move, I won't be suprised if the US flat out just takes properties away from foreigners, specificly China.
    3
  39573. That’s if your family member have you in his trust or will because if he don’t surprise lol 😆 That happens a lot
    3
  39574. It’s like you read my mind and then made this video to answer my questions about the current situation. 😭 Thank you for your always helpful content, Micheal!
    3
  39575. Michael throw in the Miami towel...come to Venice happy hour at noon bedtime 6pm
    3
  39576. some parts of FL will benefit. I know a woman who was supposed to rent in Naples for the winter, but now the house is damaged... so she's looking in Palm Beach area, and there's not much available... i also think homes along the water might see less demand because anybody on the intercoastal or ocean is suseptible to having a shrimp boat or yacht in ur back yard, even if the house is well built... houses in nice areas that are a mile or so inland will be a good place to be - maybe get some wind damage in a hurricane, but avoid the flooding (hopeully)?? But have to assume there's a lot of people displaced who are looking for a place to rent or buy, so i dont think there will be a crash
    3
  39577. Michael, you remind me of Tim on "Walking Dead " only people on your walk are Biters or Walkers, Zoombies . Super great subject on this video 99 % of people under 30 years old is brain dead.
    3
  39578. Good video btw!
    3
  39579. Next year, our management will be giving salary increases, but WFH status has yet to be a factor. They have employees throughout the country, but I've noticed a distinct pattern of the folks that have returned to the office. The least competitive locations (outside of major cities) and lower skilled call center jobs have been asked to come back. Divisions in the company where there have been turnover with hard to find skills, tech/design, etc. have kept work from home. I suspect mainly to retain talent, and many of the newest workers added in these departments are fully remote, and located nowhere near an office. We do have quite a bit of outsourcing for our development jobs in India, but they are all managed by local people. Pretty much most of the jobs that focus on communicating ideas or selling ideas to the higher ups are the ones done locally.
    3
  39580. Hey Michael this is the are looks so nice do you mind sending me few listing under two hundred thousand....thanks .
    3
  39581. Thanks very much Michael after considering my motorcycles and two cars i won't be able to stay in condo.
    3
  39582. You take life really easy. I like it. My main goal in life is to use short and flip flops most of my day time.
    3
  39583. Not just a recession, I won't be surprised if we go to war with Russia/China. Make it even worse. ETA: Oh, not to mention Biden sending billions to Ukraine. France/Belgium are dimming their lights, I believe Greece too.
    3
  39584. Recession 2023-2024.
    3
  39585. The truth is people pay a big price for living in Paradise. The water is rising in many Florida areas and Hurricane risk makes the whole area less appealing. My parents lived inland in Florida and they loved it but they told me about sink holes.
    3
  39586. Thanks, keep us updated 👍✌🏢
    3
  39587. AND the HOA fee in a condo. So obnoxious, especially if it's a cheap assoc that barely does anything. Was in a condo 5 yrs, rude neighbors & happy to leave. Only my experience. Thanks for vid.
    3
  39588. “It is possible to commit no mistakes and still lose. That is not weakness, that is life.” ― Jean-Luc Picard
    3
  39589. 7:42 I don’t believe it as well….also incomes in these high priced Cities are vastly spread from homeless poverty, low income to high millionaires
    3
  39590. Hi from Australia Merry Christmas and I know I should have bought some Gold but bought A Harley Fatboy 2016 model 2500 K,s on it...Still an investment I suppose as I wont be riding it much.
    3
  39591. Obviously you did not drive down palm coast parkway, nothing but businesses, stores, restaurants etc. I live in palm coast, 5 min from Target, Petsmart, 7-8 fast food restaurants and many more service restaurants. And it’s not THE Palm Coast, just Palm Coast.
    3
  39592. Now this was a nice neighborhood, Miami Beach! My old stomping grounds from waaay back in the day. Go GOLD & SILVER.
    3
  39593. Very good video for first time home buyer. It is really a stressful process of buying a home, very informative,thanks !
    3
  39594. Bail out isn't legal so it's going to be in the courts for years and in the end theses people will never see a reduction in their college debt. Dec 31 2022 the waving of student debt payments end and supposedly there are no more extensions coming. If these people stopped making payments they just got more debt added to their bill in interest.
    3
  39595. Hey Michael, would you mind mentioning the area you are strolling through in your vids. Some of these places look so beautiful. I’m only used to going to south beach, which is no different than NYC now. Would be nice to try to visit some nicer Florida spots.
    3
  39596. I actually ran across your channel while searching Camaro videos. but I found some of your other content interesting, so I subscribed
    3
  39597.  @MichaelBordenaro  right now I've been focusing on personal growth, so the videos about your journey and the others like the taking risks and such I like. not saying that's the only videos I watch on your channel, as I already know I'll end up binge watching the rest of your videos from this week.
    3
  39598.  @MichaelBordenaro  Perhaps people would be interested in similar comparisons between the coasts with rentals within, say 2-4 blocks, of the ocean. The east coast has many nice sunset views of the Intracoastal from units still pretty close to the ocean, so I think that is also a very attractive combo. I love the sound of the ocean - especially for sleeping - so always looked for overnight accommodations right at the ocean's edge, even if the hotel was not really luxury. My aunt & uncle owned a timeshare at Canada House in Pompano, and they loved it. They owned 4 weeks, but usually stayed for 2 and either sold the others each year, or traded for another location on a trip to CA or AZ, where they had family. As for Venice, I know it is desirable for retirees, but I think the beach at Siesta Key (Sarasota), Clearwater, or Pas-a-Grille (St Pete) are better, and lots more close by. Sarasota is THE nicest town on the Gulf Coast, and close enough to Tampa for airport, sports teams, big concerts, etc. Check out the Don Cesar at Pass-a-Grille Beach the next time you get to that area. Great place to take a date for dinner & drinks right on the water, or to stay at the hotel.
    3
  39599.  @MichaelBordenaro  Pass-a-Grille Beach is St. Pete, as my wording might have been confusing, as I was talking about Sarasota right before that. Siesta Key and Lido Beach are the nice beaches in Sarasota, while Pass-a-Grille is St Petersburg. Anna Marie and Sanibel Islands (both connected via causeway to the mainland) are worth a visit in that Bradenton-Longboat Key-Sarasota area.
    3
  39600. My team (Im the broker) Has sold thousands of foreclsoures as listing agents. With all homes, research it, then make the right offer.
    3
  39601. Have a good B'day!
    3
  39602. Thanks Mich!! Really love the parking :D
    3
  39603. All great points Mike. I am staying where I am. My house is almost paid off. I have no other debt. I just inherited a 42-acre farm with a house and a barn. I have just listed it. So, I will see how that plays out and then decide what I will do. Great work Mike. Your videos are always informative and entertaining.
    3
  39604. Thank you. Hope you are doing well.
    3
  39605. This hurricane milton is going to be even worse. The gulf coast damage is going to be insane. All the factors Michael has been talking about happen. A lot of people will leave the state. Over the next few years we are going to see major shifts in the housing market.
    3
  39606. Michael, it would be really cool if you somehow or another also comment on the surfing conditions of the different parts of Florida. I would love to move to the ocean but being at a place with no surfeable waves would just not do the trick. Thank you.
    3
  39607. I pray everyday for affordable housing. So this is some good news.
    3
  39608. I like your videos. Thanks
    3
  39609.  @MichaelBordenaro  thanks, was a big decision, but in the end i think purchasing property even with mortgage rates where they are is a good investment.
    3
  39610.  @MichaelBordenaro  Thanks! You said it at 13:13. So I was just curious why it didn't make your list. I've heard a few mixed things about it.
    3
  39611. Such a beautiful beach, but I read in the comments about crime rates and the stuff like that which I hope it gets better.
    3
  39612. These houses in Massachusetts are like $400-500k
    3
  39613. Realtors are coaching sellers to wait for the "pivot." Guess what, a pivot will only happen just before a depression hits, the Fed knows the dollar is in trouble and will no longer hand out goodies like low rates except for a real financial national emergency. Sorry sellers, real home value prices are dropping each month. Get used to the real non covid market, or plan on staying put a long time. Buyers and renters, wait this one out and watch the fun take place over the next few years.
    3
  39614. Dunedin is such a great area. Laid back and chill. Lot of great breweries. Bigger cities like Tampa and St. Pete are very close as well.
    3
  39615. Monty's was dead!
    3
  39616. What is the policy now? In times past you could refinance your mortgage w/ no equity by rolling the cost of the refinance into the mortgage amount (increasing your loan amount). Is that no longer an option?
    3
  39617. Delightful walk. Loved it. Wish I lived in Miami Beach.
    3
  39618. The flaw in the buy theories is they are not universally applicable. For example, I am pushing 65 and have zero plan to stay in $eattle when retirement comes. The same would go for anyone else who has zero plan to stay in their current location. The transactional costs of getting in and then selling out, even in the medium term, make buying one thoroughly expensive mistake. Another assumption is that the real estate will go up. That may be true in the long term, but in the short to medium term, the downside risk can erase the whole landlord gets the benefit theory. I rent because it advantages me, I live far below my means, I have credit cards but zero balances (I buy small and pay off every month to up the rating and keep the cards active).
    3
  39619. What a nice visit I had with your grandparents, they are so nice . If it wasn't for family, I'd be gone in a minute. I hate winter, and its happening. Do your grandparents like the 100 degree heat? I find myself checking the Miami temperature a lot. Not that it's going to make me feel better l0l . Glad you had a wonderful holiday.
    3
  39620. Just a little different way we look at the distance from family, when we're up north, the "kids", grandkids, and younger friends are always busy, we make time for each other but work or school or even weekend chores really get in the way. Even our retired friends have things going on. But when we get them down to visit in FL, they're over a thousand miles from home and distractions so our visit is a lot more intimate and relaxing, it's they're vacation. Quality over quantity.
    3
  39621. Yes it will be interesting to see what the 2023 migration is in FL, and how long the recovery effort will take
    3
  39622. Plus the EV battery is really expensive, heavy and may be more destructive to the environment, as it is not biodegradable…
    3
  39623. All these homes that don't seem to have a car in the driveway or a kids bike on the path to the front door tell me everyone is working there brains out to pay for all this. All of the city leaders are stretching their brains trying to come up with ways to drain more property tax from their citizens. It is time to stop all this and decide if we want our government to be overlords. or servants. I will take the latter.
    3
  39624. Hi many locals in Vegas are truly not happy with the short term rentals because it's hurting our strip and downtown economy it's a domino effect now. We have fabulous hotels but people are buying homes here just to do short term like every weekend a new Tennant it hurts us here because without hotel business we have nothing left in our valley
    3
  39625. A salesman who tells you all the reasons not to buy his inventory. One in a million! Thanks.
    3
  39626. I understand the sentiment for you argument against electric vehicle environmental friendliness, but you are incorrect. This is a bootstrapping process. Electrics cars serve as an economic motivator for electric energy sources, which, as demand increases, will facilitate price competitiveness for renewable resources. Secondly, there is an increasing number of households which charge electric vehicles through self generated solar or wind. Adoption is necessary to obtain these goals. However, I do agree if you own a car already you should not just “buy a new car” this is counterproductive. The amount of carbon and pollutants produced via car production, be it electric or gas, greatly supersedes the benefit of the per mile or per unit usages.
    3
  39627. No 1.9% golden handcuffs for us. We never had them. BOOOOF!!!….no mortgage, no problems. Nice feeling.
    3
  39628. Thank you for this video , very informative. I wanted to know if you can make a video on areas or even specific building you would recommend to rent/buy when moving to Miami .
    3
  39629. I see what’s behind you.. I’ve actually been wondering what the music scene is like in fl for a while. Buddy of mine who doesn’t live there but is very well accomplished in the music industry and has toured the world and country multiple times said it’s kinda shitty and a little isolated.
    3
  39630. DESERT GREETINGS MICHAEL. 🏜😎👍🌴
    3
  39631. What last minute advice can you give If I moved to Florida which 5000$ within an a month?
    3
  39632.  @MichaelBordenaro  The reason I asked is that I remember watching a video that left to Florida from Illinois which only 2000$ and that took a lot of guts, my friend.
    3
  39633.  @MichaelBordenaro  Thank you, I appreciate you, if you can make 2000 last, than I confident I can make 5000 last. You went Miami, I'm trying to go to Jacksonville or Orlando. Appreciate you always replying and you making videos in moving and living in Florida.
    3
  39634. Robert Kiyosaki says why would you want to save the currency that's getting hyperinflated, it makes no sense to save the money that's losing its purchasing power at such a rapid pace.
    3
  39635. Have a great weekend Michael! 😎👍🌴
    3
  39636. What is the situation of real estate now that there is some question as to who the president is? Is there a concern about the future and what it holds in relation to the value of property.
    3
  39637. Gorgeous area :) very beautiful. Pricey area. I hope you get your dream home. Do you do request videos? And if so would you please educate us on how VA loans work?
    3
  39638.  @MichaelBordenaro  awesome your the man! And this video was awesome! Loved it!
    3
  39639. Thank you
    3
  39640. You can get a ocean front unit over 900sf for under 300k...the problem is some HOAs are over 1k
    3
  39641. Are you going to talk about the DC market that is collapsing?
    3
  39642. By the way, see you next week! Its already 90 up here so I'm used to the heat.
    3
  39643. Lol funny luv it 🤣...
    3
  39644. I didn’t appreciate the 80’s when I lived them. Looking back, now I do! They weren’t perfect, but they were fun!
    3
  39645. 5% for a $15.00 = .75 an hour raise. Can you still buy Mike and Egg for an extra 6 bucks a day?
    3
  39646. I grew up on a gated community. Our farm in Levy county.
    3
  39647. Hey Michael, you should come to Old town Orange to film. It’s probably the most walkable city in Orange County. Also you’re spot on about rent in SoCal. You can rent a place for half of what the payment is to own and you live in a great area.
    3
  39648. You're a long way from home...Wouldn't live there with the huge hurricane threat. Hurricane alley. Nice beach though.. Here I think a high rise is best. Have a good time!
    3
  39649. Wow, lots of new homes there...all so very modern.
    3
  39650. You had me laughing pretty hard at « i am not even going on vacation this year, i am staying here in Miami » 😂 😂 😆 but o do understand hating summer humidity — we have it also in DC area and sadly, not going on vacation this summer either 😢
    3
  39651. So people being ignorant and buried their heads in the sand will end up holding the bags- empty 🤯
    3
  39652. Good I hope they go bankrupt taking advantage of the public ain't cool get a decent return and be satisfied.
    3
  39653. Production capacity equals bare bones retirement. Currency is only as good as production
    3
  39654. Love this video! Beautiful neighborhood! Love the lush greenery, the sounds of the birds, everything! Just great! Always great content for those looking to buy!
    3
  39655. Agree, houses without pool would be nice. A little less maintenance and probably cheaper. My budget is under 350K.
    3
  39656. Last year my electric bill was $400 per month in the Summer months (2400 sq ft home). So this year I bought 2 new air conditioners and a brand new variable speed pump for my pool and this Summer my electric bills are $500 per month. Wtf, I’m suppose to be saving $ with my new energy efficient products
    3
  39657. The United States should BAN or restrict international buyers from purchasing commercial and residential properties. This will make purchasing a home more affordable to the locals who are born and raised in the communities. I live in the Bay Area (CA) and have seen firsthand Chinese nationals buying up properties IN CASH over the asking price. Chinese are taking old and new wealth out of China for a more lucrative opportunity to take part in the American dream. Been told China claims the land back where the property sits after 99 years of private ownership. This is probably one of the reasons why Chinese Nationals are buying outside of China. My (late) parents left us investment properties overseas (Asia) before immigrating here to the U.S. Asia has very strict laws for ex-pats and foreigners to own real estate ABROAD. My family had to jump through many legal battles to claim our inheritance. America is selling its soul to the highest bidder with true Americans being left out in the cold. SAD.
    3
  39658. Road ! ..Sound is Good ' Michael . it's nice Seeing a Busy area . Thanks for your info .
    3
  39659. Why are ARM’s Legal? It’s like bringing Vegas into the deal, and the HOUSE/the Bank has the advantage. Scam loan.
    3
  39660. Same with car insurance. My son age 26 it went up an extra $130.00 per month.
    3
  39661. Bro, nice Mesa and that's a CH1 chorus right? Very nice.
    3
  39662. Wow!! Thank you for letting everyone know that you and your girl friend are safe...I hope everyone will be found.. We have to looking at all the buildings that there are safe...
    3
  39663. Yes of course, thanks for your blessings Lemard
    3
  39664.  @MichaelBordenaro  you are welcome.
    3
  39665. I’d love to move to Clearwater but what steers me away is the church of Scientology. I’m a single guy looking to move from Michigan, was in a bad auto accident and lost my leg. Winter pretty much forces me in a wheelchair. Plus I was a meat cutter by trade ironically and need a new career path now.
    3
  39666. The cure for high prices is high prices. Takes some time however. History has shown this in past and may in future. Can't bet on anything, but trajectory is changing. Big question is what is future trajectory? It's not about what assets you buy but the timing under which you own them. Therefore look at history, see where we are on the cycle, and see how others capitalized in the past.
    3
  39667. Word to the wise....If you can't pay the Credt Card balance in full, then you need to cut your expenses substantially.....and monitor you CC closely by checking your account daily....this also includes your bank accounts.....I do this all the time....Oh....got to go....got to check my accounts 😉
    3
  39668. i think Miami beach is a winner but I wanna check out Delray beach/Deerfield beach areas and fort Lauderdale again before i make my decision. How simular is Miami beach to Delray beach or Deerfield beach? my guess is that they are more residential laid back bedroom type communities that are not walkable except maybe in expensive downtown areas etc
    3
  39669.  @MichaelBordenaro  your videos seem to be the most accurate clear and concise analysis I've seen so far on youtube. thanks
    3
  39670. Question...is it getting less and less common down there to get utilities included in your rent?..sometimes they add water or trash removal i think
    3
  39671.  @MichaelBordenaro  thank you, looking forward to the warm weather and freedom to just live our lives in peace. Saw your video on California vs. Florida and Canada appears to be much more restrictive than even California. There’s even been discussion of not allowing unvaccinated people into grocery stores. It’s heartbreaking.
    3
  39672.  @MichaelBordenaro  me too. We feel very fortunate.
    3
  39673. Idk. Rates are going down. Prices are either flat or going up. Buyers are buying..at least here in MI. It's not the same environment as it was the last 2 years .. but it's still a sellers market. There's a new norm of "reasonable" prices, and that norm is what we would say over value.
    3
  39674. The 75,000 healthcare workers are on Strike as of Today
    3
  39675. Thanks for your video. Great information. where I used to own a condo near FLL. There were many Canadians that bought places for the winters. I wonder with the RE downturn in Canada, this could force foreign buyers not to buy or even sell their US RE holdings. Going to interesting going forward .
    3
  39676. Even on Saturdays. Thats how you know Mike's authentic about his RE opinion. I
    3
  39677. It looks beautiful, but even if you can afford a home in Destin I am not sure it would be a good place for same-sex couples. My impression of the panhandle is that it is ultra-conservative.
    3
  39678. Hi I was planning on moving down in a year or two. I need to save up. But what are some good areas that are not too expensive near sunny isles ?
    3
  39679. This is so true 😬great video Michael 👍👍👍👍😃
    3
  39680. First
    3
  39681. gas is like 6.50 in cali 😂😂
    3
  39682. Im going to live there before long. Might be homeless for a bit but I have my photography. I can sit on Daytona beach all night….Nobody bothered me the 10 days I did it in july.
    3
  39683. All this has no effect on those on welfare. They continue to get free or subsidized housing. We might as well all go on welfare. The working person gets screwed as usual.
    3
  39684. Gas bill arrived yesterday. $87 to heat 1250 square feet. I want to say its about $10 more than a year ago. Can’t imagine how much more the bills are north of New Mexico On another note. Look up sodium battery technology. Will replace lithium soon making battery tech more available and affordable.
    3
  39685. We’re all living in a matrix. A series of events that never took place😳
    3
  39686. If the experiences of Louis Rossmann are representative, it is a New York state and city thing to wring as much money as they can get from anyone they can, and they'll get more money from the owner than from the squatters, so that's who they'll wring. It's a New York thing, apparently.
    3
  39687. He brought up a very good point. With the new building codes the homes are weathering the storms better now. I believe the seas are rising and the weakness now is the storm surge.
    3
  39688. We’re buying a vacation home in The Villages, we can’t wait!
    3
  39689. Very legit view...
    3
  39690. Just checked redfins weekly updated data. Tampa St Pete is hot again, go figure. Still not seeing a slow down there. And there's absolutely no inventory in Western NY and my guess the rest of the Northeast. Seems like the people that were intending to buy are doing somregatdless of rates
    3
  39691. Your the best ! 🥇even though I live in Northern California, your knowledge base is exceptional !
    3
  39692. I love California more in particular Oakland/Berkeley area.. FL is not bad but I cant deal with that horrible humidity being an outdoorsman and I prefer mountains. Both states have lots of great things to offer.
    3
  39693. Must say my man this my favorite video to dad 👍🏻 lol. Really appreciate the in depth video on my situation! Coming from MD not seeing any issues as of yet. We have a place secured to stay and job lined up but seems as tho that job is on hold right not. As well as up north. Slowly selling things to minimize the haul! We are still excited and preparing for the move. Keep up the videos my man. 🤙🏻
    3
  39694. Michael Bordenaro absolutely brother will keep you posted stay safe down there!
    3
  39695. I watch ya for a few reasons. I love the scenery for starters. I appreciate your honesty & you do a good job covering interesting topics & stories. And I like hearing your take on stuff... especially real estate, because you clearly know your sh#!. I try to get my news from a variety of sources, including mainstream media, because it's important to see things from all angles & then filter out the bs. Mainstream media is run by insanely wealthy people, & whether it's Fox or MSNBC, there is always a motive behind the coverage. With you, Nick Gherli, Adam Taggart, etc, I feel like the ultimate motive is to cut through the noise & speak the truth. And thank you btw for calling out that WSJ article. I saw that, & it really feels like they're insulting our intelligence.
    3
  39696. I work in tech and I’m making more money than ever. Not at Amazon or Facebook. But who gives a shit about working there
    3
  39697. We like to move in Cape Coral, but you didn’t really talk about the area on your videos. Is there a reason for that?!
    3
  39698. Left Florida for Georgia because people moving into Florida are RUDE. People in Georgia still have manners. I'm not paying 3x the price to be harassed. Nothing Left to love about Florida.
    3
  39699. great videos, Maybe you could make a lifestyle video traveling through coral gables, show us some of you favorite restaurants and places to go do things for fun. Maybe check out down town and brickell. Show us what you like to do on a typical day. show us a day of running errands around the city. show us some exotic cars. The channel is great man keep up the good work
    3
  39700. Housing Market is no market @ all.. Market just waiting on the desperate to pay on overpriced homes with 50 k worth of material in the home build. Housing is a luxury rather than a nest egg 🤔
    3
  39701. The 0% mortgage is plan is the latest scam by the banks. Of course the people will default, but the new normal is to throw it on the taxpayers. Because we need to give poor people a fair chance. Banks will be bailed out and we are on the line for the payments. Student loan relief anyone? The fed will just keep printing money and buying mortgage backed securities.
    3
  39702. Lots of good info. P.S. that dog @14:40 cracked me up. :)
    3
  39703. Great video.. I'm considering moving to Florida with my 17 year old son. Do you have a list of diverse areas to live in florida? (white, black, Hispanic, etc etc) Thanks so much
    3
  39704. Hi, Thanks for sharing this video of the beautiful beach in 60 fps. Please upload more with this kind of video quality.
    3
  39705. Theres a way to get the 20% down in CA keeping market inflated, with no interest. Loan appreciation.
    3
  39706. I have been in miami over 25 years....i live in the west Kendall area...i haven’t experienced as much flooding.....wow! When we have bad storms our park has gotten flooded a couple of times...and one street....but it never has made it to my home.....lucky, i guess!
    3
  39707. Hey it’s me, Vincent Walden Rivera, just under anew account now (that’s if you can remember me). If everything goes as planned I should be moving out by 25. I will live in Illinois for some years before I move to Florida
    3
  39708. Is there a beach in West Palm beach?
    3
  39709. Which is exactly what the vast majority of people would do, either due to lack of financial knowledge or lack of self-control. And most would find themselves living paycheck to paycheck, and not have nearly enough money saved up to bring to the closing table when they found they wanted, or even needed to sell for a more serious reason like job move or a divorce.
    3
  39710. I agree. Ormond Beach is beautiful. Close to palm coast and Ponce inlet.
    3
  39711. Wow! I did not know that a warm-weather had such a great effect on our body and mind. That is why I love summer;) btw. I am a new youtuber for personal growth, health and life lessons, I would be super grateful if you check out my account& we could support each other❤
    3
  39712. Sales I was amazed.. I haven’t had a loan since I was 29. Tried to purchase a used car. ! I ended up paying cash for it !! Crazy dept free. For 30 years. And zero credit What’s black. .. dept free for years. Never missed a payment.. but my last payment was 29 years ago. … so I’m responsible stay within my means dept free. Can’t get a loan for 10k That’s pocket change,!! Just think about that..
    3
  39713. Happ.....oh it's August. Never mind. Thx for the vid.
    3
  39714. I watch your channel to remind myself what outside looks like
    3
  39715. 300 my ass. To fly from Miami to Charlotte is nearly 700 dollars!!!
    3
  39716. I get released from a lease in 6 months! I have to pick an area now... soon.
    3
  39717. I got a 3% interest rate about 4 years ago and I'm not going anywhere . I was house poor(same house) for at least 15 years and finally I'm not, so they would have to drag me out kicking and screaming now...haha
    3
  39718. Fed or no Fed, I'm not buying until the prices get into alignment with median incomes for the region. Lots of investors and speculators are going to get their asses handed to them in the next couple of years. If you buy a house to keep FOREVER, there is nothing to worry about. If you are strategically buying and selling homes with the hope of finding riches, your time is up. I lost my ass in 2008 as a residential contractor. Although this storm is coming for a different direction than the crash of 2008, it's still a Cat 5 and a lot of financial damage is going to be done.
    3
  39719. I have been a subscriber for over a year now…time flies. I want to thank you for your informative and always interesting videos. I tell my friends that I always learn something about finances, taxes, insurance, and of course, real estate from you and I am most grateful Michael. I also like when you film a panoramic view of wherever you are. It gives me more peace than you know. Keep up the great work and I look forward to many more of your videos!! 👏👍🫶🤩😎
    3
  39720. Where is a good place to live in Florida with land? Everything I keep seeing is pretty much the same city’s and they have no land
    3
  39721. Sounds like I need to pay Florida a visit again Michael, great video nonetheless!
    3
  39722. Miami can feel like a completely foreign country, while no part of LA is that way, despite many Mexican and other Spanish residents.
    3
  39723. Michael, the unspeakable: There are subversive motivations for regimes to perpetuate and exacerbate chaos in interest rates and the housing industry.
    3
  39724. We bought in 2017 and back then... that was what realitors were saying was at the top of the market, because it was increasing so much YoY for the last several years. 🤔 Thinking about it my wife and I decided to buy, because everything worked on paper and it would be our home, not a flip or investment property. We are still there and having seen the mess from 2020-2023 we are glad we bought when we did. It's incredible to see what's happened and we are in good shape even if the housing market corrects -50%. We are waiting for another opportunity to buy low for our first rental property. We are thinking later 2024.
    3
  39725. Port Orange has a Culvers. I love your videos. I am a Florida Broker but grew up in your neck of the woods - Crystal Lake
    3
  39726. Downsize now's the Time to downsize give your house to Open door will make you rich
    3
  39727. How affordable is Bradenton to Sarasota?
    3
  39728. Here in southern CA prices are still very high but finally seeing some price drops but limited inventory. My husband and I are debt free saving as much money as we can so we can hopefully strike when/if prices drop, here’s hoping 🤞🏼
    3
  39729. Great video and scenery. Hope you do more like this.
    3
  39730. That looks awesome !
    3
  39731. Bodega Bay - "The Birds"!
    3
  39732. THIS was hard to get threw MIKEY gesso. why am I sad now wowwwww!!
    3
  39733. Cat probably got evicted 😂
    3
  39734. That shirt is cool, man!
    3
  39735. Excellent content...Thanks !
    3
  39736. Talk about the rent price. It's crazy how high it is in Orlando fl when up 30%
    3
  39737. Michael, I know you got to stay indoors today because of the rain. I know it's only temporary but I actually hate these kind of videos, I got dizzy just looking at the screen but I will watch the video and its entirety. I love peaceful scenery I love quiet I love nature.😊
    3
  39738. Own rental properties in the Midwest and live minimalist and rent luxury as needed while on vacation
    3
  39739. You are so right Michael with money like that I would be helping those that are saving for a house 🏠 and still can’t buy because it has become so difficult to save money because of everything that’s going on out there. The area you were walking through it’s so beautiful 🤩. Thank you again for sharing and doing such a great job informing us about the chaos that’s happening in the market. ♥️
    3
  39740. Finally the summer rains!
    3
  39741. Good channel, Michael!
    3
  39742. Thanks for sharing,, God Bless you..
    3
  39743. You said the sand looked funky and then passed by the funky pelican l0l ....its run down
    3
  39744. Wow Michael, talk about planned obsolescence. Thought that large apartment buildings are built to last hundreds of years not fifty. I understand stip malls, cities dying off, demographics changing and so on. Guess developers are always searching but if the crash comes.. if.. the luxury units will be empty.
    3
  39745. I just subscribed to your channel. It feels like hearing what you're saying right next to you walking together. You're good at talking and walking at the same time. Good job, man!
    3
  39746. I think the prices here have stabilized and once the Fed cuts rates a couple times next year.. another price war will start and drive prices up again. Remember my prediction
    3
  39747. Agree 💯, if you enjoy your life and where you are then staying home is ok and relaxing. But I still travel to Florida for the beach and family.
    3
  39748. My Florida experience was servince Uncle Sam, retired came back home to Puerto Rico ☝🏾 You are correct on the heat no tropical trade winds ☝🏾I lived North Central Gainesville and Ocala Florida Don't have any complaints, I really enjoyed Springs, Parks, "Go Gators" in fact if I would decide to live there it would be Alachua or Marion County ☝🏾From Gainesville Regional Airport you can access anywhere through connecting flights 👍🏾🤠
    3
  39749. Great video always releasing great content!
    3
  39750. Who will buy the home. The new homeowners have to be able to afford also. Home values must fall for the new homeowners to be able to afford the home
    3
  39751. So whats avail for 2500 to 3000. If I had that much to spend a month should I buy or rent?
    3
  39752. I have a condo in St. Augustine that I rent. It's only 3 stories but....it still gives me pause. And I really don't want to be a part of the board! The LIABILITY!!! Oh my....I see that I need to pay closer attention to all of it.
    3
  39753. Hi Michael!! I was wondering about the skin sensitive problems. I've got vitiligo, so my question is: Am I gonna be alright there if my work is under cover ? I mean, the sunshine UV is that strong?
    3
  39754. I prefer that tropical storm any day to the corn fields in Lockport IL (10k population). I can relate! Thx for sharing and picking such great subject matter that makes us think and be stronger for our moves mentally to the A1A. I will be in touch when I get there for real estate end of October. What's your favorite Metallica song? So many ! You have an authenticity that is your super power for sure along with your expertise. Thanks again!
    3
  39755. no rate cuts................no going to happen
    3
  39756. Might be Real Estate is a great hedge against inflation
    3
  39757. Hello from Florida
    3
  39758. Glad you didn't get murdered; looked scary to me
    3
  39759. This looks like the spot where YouTube channel Wavyboats films there videos.
    3
  39760. Great videos. Love the wife beaters & giant orange sunglasses. 👍
    3
  39761. The government is just punishing honesty. And then they wonder why people won't talk. This is a perfect example of government people not understanding risk.
    3
  39762.  @MichaelBordenaro  I remember here in Dallas just a few years ago new houses were going for 300-350k now new builds in the same area (same size) are 400-500k a few months ago. I'm sure new builds now have dropped at least 25-50k due to lack of buyers.
    3
  39763. The FED and Dollar is going into a liquidity crises.....meaning ....if nobody will buy the bonds....how can the FED print money.....the US is at 129% debt to GDP.......WE'RE HEADING TOWARDS A DOLLAR DEFAULT, SLOW BURN IN THE DEBT MARKET, OR A HYPERINFLATION............get some gold and silver in your hand
    3
  39764. Year over year inflation at 6-8% is crazy, we’ve been on this ride now for 2-3 years so that means 6% now is really 12-24% higher than 3 years ago. Even if we get back to 2% YOY inflation we are still paying 30% more for everything than 3 years ago. This is why they say inflation is a tax on the citizens. Housing HAS to come down because everything in life is 30% more than 3 years ago and won’t ever go back.
    3
  39765. Whoa whoa easy there
    3
  39766. Michael Bordenaro you may need an onlyfans page for that lol! Would be great to do more beach reviews, various beach activities, workout and workout equipment reviews, car detailing, beach wear etc.
    3
  39767. Miami beach is a man made island which is interesting. And the corrupt politicians in Miami are hardly doing anything about it. Oh man if you were here for hurricane Andrew...oh god. Totally changed the entire miami dade county. The way buildings are built now, the environment, the Everglades, etc..all because of that hurricane. There hasn't been a hurricane Andrew type hurricane hit Miami since Andrew and now I'm worried it's going to be very worse if we get a cat 5 storm. Florida is slowly sinking. I think in the future when I buy a house it won't be in Florida...well at least in Miami sadly..
    3
  39768. bro you were only in ca or LA for 2 months not everywhere you go people don't always speak english trust me you just haven't been there long enough. Theres so many people in LA that don't know english
    3
  39769. Florida has become way to expensive way to fast, I had been considering moving there for the last couple of years. But now I'm out. I'm looking at Alabama, California, Nevada. Now. I'm moving from Minnesota a very cold state so I'm looking for warm. I am physically in Nevada Right now and the weather has been perfect for the past 2 weeks. Right now it's 70 light breeze, shorts weather, And zero humidity
    3
  39770. Happy birthday Michael
    3
  39771. These scams are coming at people from all angles. Thanks for the stories, but man, it’s a shame this happens.
    3
  39772. Can you talk about the housing market in Tennessee specially Williamson county and Rutherford County? Prices here are highly inflated, and they do not seem to be following the downward trends elsewhere that you have talked about. What do you predict or advise for buyers here?
    3
  39773. Thank you
    3
  39774. Man hope I find a good place when I get there in October. Please let us know about palm coast... I did notice prices were so much cheaper in palm coast. But im worried about the job opportunities and crime there.
    3
  39775. But I really would prefer st augustine.
    3
  39776. I heard that area is great and very affordable. Definitely far much cheaper than Sarasota.
    3
  39777. if you're into sales and you listen to these guys your numbers will shrink. But dam he's always right. been watching for three years. Unfortunately.
    3
  39778. When does this guy do any real estate deals and or transactions? He spend so much time cranking out videos...🤣
    3
  39779. Housing crash will start mid 2023 onwards.
    3
  39780. Michael,....the reason that you make these deep and personal videos is because you know in your heart that your midwestern values will outlast all of the superficial nonsense that you see in South Florida. If plastic faces, breasts,...and hanging out in Coconut Grove is your thing Miami is the place to be,.....but,...I am not buying the whole s--t show that the Kardasians,....Hollywood,....or,....the powers that be are trying to sell me..I have every luxury in my life to make me happy,.......and it doesn't even cost as much as the down payment on an overpriced Miami condo.
    3
  39781. Stay cheap!
    3
  39782. Yes “sick care” is expense and a joke ! In America 🇺🇸 big pharma are killing people ! There are legal drug pushers ! I don’t trust any insurance companies! Long term can be a BIG rip off read the fine print !,,,
    3
  39783. Thank you for doing these videos!!!!
    3
  39784. Hi Michael, what does HOA mean? I do not live in America so I'm unfamiliar with the term.
    3
  39785. Great video, Mike. So true what you said about coping with being alone. I appreciate all helpful information you provide.
    3
  39786. If you don't like leaf blowers need to move to Arizona
    3
  39787. Anyone bashing your recording environment clearly isn't here for the valuable information you're sharing.
    3
  39788. Thanks, for explaining how gold prices remain stable or rise throughout periods of inflation. I learned a lot back in the 90s. I didn’t quite understand why people were trying to sell gold and hearing about it in this video explains exactly why.. I appreciate you talking about this person who has an option to-outright buy a multi million dollar home. His comments about the economy do make a lot of sense.
    3
  39789. Allowing people to even invest half of the money they pay into SS would still have allowed SS to receive some money. It would also meant you could leave your share to beneficiaries rather than the goverment taking all the money even if you die a day after getting your first SS check
    3
  39790.  @MichaelBordenaro  Yes it is!
    3
  39791. Great production on this video. Looking forward to more like it.
    3
  39792. Love your channel but I think you guys are wrong. Everyone has now been calling for a crash for 2 years. Eventually it will happen but even a broken clock is right twice a day. I just bought a second home in Jupiter FL two weeks ago and it was a hell of a time trying to find one that wasn’t priced insanely or one that didn’t go in contract in less than a day. I started my search in December 2022, and have been flying down from NY frequently to look at houses. There are wayyyyyy too many people waiting for “that crash” which probably means it won’t happen for some time. Hell, I’m waiting to get another one, I’m sure you’re waiting as well Michael. If housing is still this crazy and interest rates are 7% then imagine what would happen if interest rates began to drop. There is still way too much money in the system from the stimulus of 2020. People just don’t understand what trillions of dollars is, it’s still finding its way through the system hence why we still have insane inflation. I am having my well filtration, my AC, my windows changed as we speak, it’s still crazy trying to find someone to do the work. My window guy said it’s a 3 month wait and I’ve gotten estimates from 4 places (some are 6 months backed up). I also tried to get a driveway done with sand and gravel, the excavation company canceled on me and said there is a gravel/sand shortage. Isn’t Jupiter a big beach? How the heck do we have a sand shortage?!?
    3
  39793. Come onnnnnn Michael! I’ve been here waiting for you to walk around Opa Locka and Overtown! 😂
    3
  39794. ive never understood why there is a fixed percentage for a home purchase or sale, especially if it's a more expensive home. The work should be about the same so why the fee be the same for a $1million house or a $10 million house?
    3
  39795. You are right ,thank you so much
    3
  39796. Great message Michael. Think the reason we are losing the battle with COVID is because we as a country are too self centered to sacrifice for one another. Happy Holidays
    3
  39797. Awesome channel bro. I’m from Chicago currently near Elgin. Heading to Tampa area next year! Your videos really helped.
    3
  39798. how did you get CNBC's biggest new star to be in your video?
    3
  39799. People are like Coneheads, in that they must consume mass quantities.
    3
  39800. Michael I like your videos, but you needed a little more research before coming to The Villages. That "historical" marker you read about a building from the 1800's is a fake. Lake Sumter Landing was a cow pasture until about 15 years ago. Each town square is built on a theme. Spanish Springs was the first, then Lake Sumter Landing where you stayed, and most recently Brownwood. Each has its own fictitious history. Did you notice the faded names stenciled on some of the buildings? Those play into the made up history.
    3
  39801. Ohhh... I love that area!!! Thank you for making this, Michael.
    3
  39802. There’s something else nobody’s talking about RV parks they’re doing the same thing to it in fact they sell RV spaces and some of them are over $200,000 in Florida
    3
  39803. I like the way you share your own ideas, you are very realistic and adventurous at the same time. I love it!!. I can really visualize my ideas and myself with your videos!. . Thank you. 😘
    3
  39804. Very cool. Thank you.
    3
  39805. I think a standard practice is to pull money out in a HELOC (take the cash), then let the bank foreclose. It ruins credit for 7 years but the person has piles of cash. Premeditated. People do this to make money because they can't make money through wages or earn it. My sister uses debt to finance her life (rental properties). She gets cash flow that way. Then she buys a house, and uses the money she gets from the rentals to pay her mortgage ($1900/month). Basically she uses debt to finance her life. I don't believe in this practice.
    3
  39806. Banks should purchase deposit insurance from a private insurer who prices the policy based on a particular bank’s risk. The incentive for banks would be conservative deployment of capital to reduce insurance premium cost. Getting the government involved will just increase risks to the economic system via a corrupt political apparatus, conflicts of interests, and moral hazards.
    3
  39807. I had a sinkhole on my road when I lived in Jacksonville...they can be petrifying 🙄
    3
  39808. Do all people And hotels airbnb cut their prices down when school starts because there aren't that many people vacationing when school starts. I'm not sure if that's in the normal realm. Did you account for that? Or did you say it? Or is it Just too scared.
    3
  39809. That area that you walked through looked nice.
    3
  39810. Great content and commentary! Thanks!
    3
  39811.  @MichaelBordenaro  where would you recommend?
    3
  39812. Uncle Sam will be Blackstone in the near future. I don’t see a way out of this situation. Letting 2 million illegals across the border every year is also problematic. Half the realtors sipping champagne while they gouged the hell out of fomo’d buyers will be looking for work in the near future. The other problem is that the market really over sold into the future. People who had no intent of selling sold anyway to cash in. So future listings were also bought leaving a huge gap for new inventory.
    3
  39813. If Housing prices are dropping are Property Taxes dropping? what if the Tax Assessor says your house is worth more then what you paid for it?
    3
  39814. Mike, how is the current market impacting the foreclosure market? As an investor relocating to the area, my first acquisitions will be foreclosure rehabs. What is your assessment of that market?
    3
  39815. Hi Michael My name is Orlando. I'm a veteran, single, I'm thinking of moving to Florida. How much for a 1 bedroom or studio average
    3
  39816. Do you have any insights into the public school system in FL? Have lived in Cali desert my whole life and the high taxes, crime, homelessness, and terrible schools for my kids have made me hate it here. My daughter was even bullied in private school so we homeschool now. Looking at houses in central FL as hubby might have a job opportunity in FL (making Cali level pay) and the school grades are not so good just like Cali so I’m a bit concerned about that.
    3
  39817. Thank you. Many friends are procrastinators.
    3
  39818. Great video again. Great location.
    3
  39819. auto dealers cant sell cars either everyone is broke
    3
  39820. Happy Birthday bro! Enjoy your day🎉
    3
  39821. How's the traditional professional regulations or property institutions going. Not well, outdated models. There needs to be a rethink.
    3
  39822. Do you have a walking tour of sunset harbour?
    3
  39823. My favourite area of Miami beach! ☀️☀️☀️
    3
  39824. Thank you for sharing!
    3
  39825. Mike, I bought three houses, one with a male friend, one with a wife, and one with a girlfriend. The one with a buddy worked out great, we not only got great rent, but when we sold it we doubled our money. The one with the wife did not work out so well, in the divorce she got the house. The one with the girlfriend is a paid-off condo in Naples. We have been together for around 32 years, we are both retired and have close to the same net worth. We will probably sell the condo in 2-3 years and just stay in the North and freeze my ass in the winter. I look forward to your videos Mike. Good luck to you.
    3
  39826. I lived in California and Florida. Im actually trying to figure out how to spend like part of the year in cali as well lol. Both places have advantages but even with all its problems i still love LA. Tuth be told alot of things went my way in California.
    3
  39827. It's the hottest day because you're with your wife ❤
    3
  39828. Bordenaro I have only $200 thousand 53 old I feel like crying what can I do 🙄🤔
    3
  39829. Not to mention homeowners have zero property rights. I live in liberal south Florida, our code ENFORCEMENT is run by terrorists. We have no property rights. I own my property not the bank but it makes no difference. I have no HOA either.
    3
  39830. Hey Michael everyone believes the FED controls interest rates but in fact they follow the 3 mth treasuries. And in my opinion only we saw 18% interest rates in the 80’s ,well that was only a taste of what is coming, much bigger numbers now!!
    3
  39831. Thanks for the vid !
    3
  39832. DESERT GREETINGS MICHAEL 🏜 😎🌴
    3
  39833. I Lived in Palm Harbor Florida - Just North of Clearwater .. The HOA Made a Rule of “NO Working on Your Own Home or in Your Own Yard on Sundays - Which Also Included NO Planting Flowers or Trimming Hedges” .. AND … NO Pickup Trucks {Luxury SUV’s Allowed}
    3
  39834. I think people are already refusing to buy, they're just covering it up lol
    3
  39835. I’m actually the complete opposite. I see WAY better with glasses
    3
  39836. Me too 😄 Although maybe bc I never got to wear eye contacts at an early age like him. So my eyes got used to the prescription glasses.🤷‍♀️
    3
  39837. Great information that a realtor is not going to discuss with clients. The housing market is on the precipice and it doesn't look good.
    3
  39838. Thank you for the video! Can't wait to see the next one!
    3
  39839.  @MichaelBordenaro  Well, Michael speaking about a coastline area I hear there is an oil spill off the coast of the north part of LA. In the area of Newport Beach. So, you will probably hear that on the news out there. I hope know one will be hurt walking along the beach areas.
    3
  39840. Well, good for you and your wife being away that problem.
    3
  39841. Yes, Marina Del Rey is nice to stay there. Beach and great friends to get to know with nice boats/yachts.😄😄😄
    3
  39842. Congratulations Mikey… Hopefully after those Reno’s u come out ontop under 600k!! Great find 🙌
    3
  39843. It's worth double now.... Jackpot!
    3
  39844. Hi Michael- gosh! I need to catchup on your vids 😃. Innocent question- are the spring breakers are Americans or tourists coming from abroad (def not from Europe bc we can’t go anywhere 😂). Also, do they come only to Miami Beach or is it the same issue through Florida? Thank you sir and have an awesome day 😊
    3
  39845. How is squatting even legal😡🤬
    3
  39846. I bought 2 self sustaining raches, have a cabin in the middle of nowhere, a house in town, dislike humanity and think I'm fine. But I'm insane so I don't care.
    3
  39847. No nothing else you can invest right now other than real estate in Florida
    3
  39848. Moving with my mom in 5 years...glad there are plenty of jobs available. I was worried about finding work.
    3
  39849. You're gorgeous, Dude, don't sweat it.
    3
  39850. Sounds like you have it made there. I wouldn't leave that situation. But owning a home and gaining equity would be good for your future. I'm on my way home from Florida. I am glad I checked out and checked off my list of potential places to live. You really need to see and experience places to know if you could live there..
    3
  39851. A nation of angry involuntary renters who are treated like slaves. That is not a country I want to be living in anymore. If that becomes the entire country I am moving to a new country.
    3
  39852. A new home is nice also because of the home warranty if it's a reputable builder. I'm taking about the one the builder provides as part of the purchase package. 26 years ago I bought a home from Pardee in San Diego. They immediately had to come back and put a pressure regulator on my irrigation. Three years later they had to come and connect a disconnected can light. 9 1/2 years later they fixed a roof leak and replaced my yellowed kitchen cabinets. So a reputable builder with a 10-year warranty is very good. I have to give kudos to Pardee for keeping their word, even though we had to insist strongly that our cabinets had yellowed.
    3
  39853. I live in Nevada and Vegas is being hit too. Why is the West coast being hit so hard?
    3
  39854. We also getting killed in NYC Mickey smhh. Studios 1,900. / 1 bd rm 2,000-2,800. / 2bd rm 3,000-4,000. 3 bd rm you better be jeff bezos for a 3bd rm smhh
    3
  39855. Am a big fan of your channel I get so much good information and you explain it so well.
    3
  39856. Nice, that u show so many different areas of your place!
    3
  39857. Congrats. :-)
    3
  39858. Haulover! . it's awsome to watch videos of Boat traffic in/out of the inlet to the ocean struggle during high and low tides
    3
  39859. Thank you! Will you do another similar video some time and give us your thoughts on inflation if assets related to the liquidity snd business cycles. Thank you
    3
  39860. WHY IS THIS SUCH A MYSTERY? THERE IS "AN ELECTION COMING UP", ""THERE IS AN ELECTION COMING UP." GEE...I WONDER IF STUDENT LOANS WILL BE DELAYED AGAIN?
    3
  39861. Definitely A++ for effort in this one Michael lol. I think people may lose focus on information your giving because your in mall with a lot of people that I even lost focus a couple times and had to go back and listen to what you said. I guess if it is raining, try to find another parking garage that you won’t get kicked out of lol. Still I love your intel. Thank you again and I’ll see you in the next one brother!
    3
  39862. I love the extra details about the areas.
    3
  39863. It will not be like 2008. The loans given in 08 were to people that could not afford it. Watch the “ the big short “ The people who bought after 08 had to show plenty of income incase there was a change in the economy. The prices will adjust because of the high rates.
    3
  39864. Hi Mike, Just wondering what percentage of prices increase due to institutional investors(Zillow, Redfin, etc...).
    3
  39865. Thank you Michael for your your interesting information. It is very much appreciated.
    3
  39866. Many of the judges and DAs are Marxists and refuse to enforce the law.
    3
  39867. My neighbor was a renter and committed end of life four months ago. The land lord is a friend and he sold the house without revealing the end of life. Do you think this should be disclosed, if it were you selling the home? I feel bad having the new owner not know about this traumatic event. -from Utah
    3
  39868. What's your saying is lending tree is basically bankrupt...hahahahah
    3
  39869. I was born and raised in California and got out in my mid 20s. I will tell you that even if Californians pay extra in taxes to house the homeless, that money won't ever make it to them. It'll be rerouted to the career politician's pockets or some other use of their choosing. Often times money that's supposed to be allocated towards something (education, roads, etc.) will at best have a marginal portion go towards that and the rest will disappear. With all the taxes CA rakes in that state ought to be a well running machine but it isn't. That's simply due to the rampant corruption.
    3
  39870. I agree with you Michael, the current market is absolutely unsustainable, wages aren't keeping up with inflation, the stock market is softening, so housing has to begin moderating. I think a big part of the current equation is that people are hunkering down during the uncertainty of the pandemic, far less inventory available, at the same time a lot of job opportunities and a lot of extra cash. A simple supply and demand scenario, when people foresee "normalcy" they'll be more likely to relocate and begin resupplying the RE market again. Although increasing interest rates should slow the frenzy, it doesn't solve the supply side problem, there's little government can do to control market valuation as long as there's buyers with cash willing to pay inflated prices. The global pandemic has screwed up economies across the world and we'll be feeling the reverberations from it for years.
    3
  39871. If you believe the government inflation rates, then I have a great deal on some swamp land in Florida.
    3
  39872. I am considering moving to Florida……I have no kids, not married… Thanks for this video
    3
  39873. Thank you Michael for all the information🙏I just want to get to Florida first by renting.I am going to wait to see what happened
    3
  39874. Pretty impressive that you've built 15,000 sub youtube channel with only an iPhone. Props to you man.
    3
  39875. Rent -to-own another bad ideal that started in the mid 90 that help fuel the housing crash in the 90.
    3
  39876. Have you thought of running your own b and b ....as an added bonus, Lizzie can advertise free dog sitting...where you are staying right now, are they doing a thriving business? 200 plus per night x 5 nights or so...not bad
    3
  39877. Cant be that hot in FL!
    3
  39878. The limit we can get to is people might begin living in cage “homes” like they do in Hong Kong. Until we get to that point home prices can continue to rise or stay at this level. That would be a bad look for America, but we’ll have to see.
    3
  39879. You always have great informative content.👍✌️🇺🇸🙏
    3
  39880. all that occured to cause an increase in the sales this last month, was the last of income tax. not only that but im sure thats a smaller bump than they wanted.
    3
  39881. Thanks for the video. How do I find the foreclosure homes?
    3
  39882. My husband and I would like to spend winter ( Jan Feb and March) What Airbnb area do you recommend ?
    3
  39883. Canada Housing Crash too. toronto
    3
  39884. I too love tracking the desperate flippers online, it's funny seeing how some still think they can ask $1000+ per Sq foot when the comps are 20-25% below that. Keep up the good work, and thanks for showing your appreciation.
    3
  39885. I think starting July 1st. The sellers have to pay the real estate agents but the buyers need a buyers agreement day 1 so if you want to window shop you will be at the hip with that realtor going forward
    3
  39886. Can't refinance without a job or negative equity
    3
  39887. Do it! You won’t fail. Hope you pick St. Augustine No you don’t have everything, you think you do. Also yes, you can make a living anywhere. It’s very expensive where you live.
    3
  39888. Thank you for your transparency. Great video
    3
  39889. What about the space coast areas??
    3
  39890. Hi Michael 🥰 great tip, thank you. 😊
    3
  39891. Sarasota's not affordable for middle-income working people
    3
  39892. Speedy Recovery Michael! Thank you for another great video.
    3
  39893. People aren't coming because we aren't locked down. People are coming because they can be outside in Winter, and their companies are allowing them to work from anywhere. If anything, I'd offer that taxes are bigger reason than not being locked down, because this virus isn't going to last forever.
    3
  39894. I love these videos of you walking around a Miami and showing us the homes. They are a lot like the houses in many neighborhoods here in San Diego. Love the retro style! Nice quality!
    3
  39895. (At 4:52) "Would you mind coming on camera?" "No..." "I'll give you a thousand dollars." "Well...all right."
    3
  39896. I think you don’t know what you’re talking about!
    3
  39897. Your videos are good but seeing it in- person can't be beat. I went through Ocala once while on vacation and I saw about 30 deer spread out on highway 40. There were only two other cars on the road and it was nighttime. It was scary and amazing at the same time. They just looked up from eating then went back to eating. There were bears signs too; I wanted to see a bear but I would've put my foot down if I did, a 20 second look would be enough. LOL They had horse riding signs too but I've seen that in the state where I live.
    3
  39898. 🚶‍♂️
    3
  39899. People don’t understand that when rates are up the price of the assets goes down! And like idiots run to buy before the rates goes up
    3
  39900. Did u ever mention of all the cities in California which one you would consider moving ?
    3
  39901. Thanks again Michael for sharing another excellent review. You are an inspiration to people who are not content with their present surroundings. Kind Regards to both of you.
    3
  39902. Yes noticed the quality, beautiful footage! Looked like an awesome hike! 😁
    3
  39903.  @MichaelBordenaro  You’re welcome Michael. I bet it was!!!😀
    3
  39904. Greedy and unrealistic pricing
    3
  39905. Michael has a channel headed for 250k subscribers easily
    3
  39906.  @MichaelBordenaro  LOL!!! You fooled me!!! Hey, anything is possible in Florida!!!
    3
  39907. A very informative movie " Line in the Sand " by James O’Keefe will show you actual video of how sickening this immigration epidemic REALLY is against the American TAXPAYER. Over 500K children have disappeared, 1 in 5 hotels in NYC are free housing for immigrants. WHY IS THE GOV'T ALLOWED TO DO THIS TO US HARD WORKING TAXPAYING AMERICANS ?????? THIS MUST STOP NOW !!!
    3
  39908. Thanks, great video
    3
  39909. The Villages is a retirement community. Old people tend to die in higher numbers so there is always a fresh supply of homes to keep prices low.
    3
  39910. lol dont come to california its super hot here too lol. can probably spend that time in belize or st martin 😅
    3
  39911. i’m originally from north carolina, i moved to florida to take care of my grandma. love it here!
    3
  39912. I wonder whats going to happen when people refinance and tap into their equity?
    3
  39913. Move there if you have an actual purpose in a career in Miami. I am looking to move to Miami but my purpose and my career interests are aligned with Miami. The only place I didn't feel welcome were the surrounding suburbs, but Downtown was very welcoming! I just got back from Miami yesterday.
    3
  39914. If we have to have zoning laws which almost all cities due, I would hope they would consider a storm surge overlay zone to save lives. The building codes do a good job in fl to protect lives due to wind but a poor job to protect from flooding. A storm surge overlay zone would require 2nd story or encourage more housing that can pick up and go like rv's tiny homes with wheels for example. Rv's and tiny homes would avoid the insurance issues I would hope
    3
  39915. When the crash happens soon it’s going to be a giant crash
    3
  39916. If you are buying an 80 year old home, you should have inspections from engineers and by the individual trades. I.e. electrical, roofers, plumbers etc. It is out of league for most general purpose home inspectors.
    3
  39917. Be proactive!
    3
  39918.  @MichaelBordenaro  But' we all want this Market to slow and even out "But" it is taking a ugly path..it will be to much in the correction' Now it will be a blood bath %50 worse then 2008..!
    3
  39919. Great video Michael ❤
    3
  39920. Michael, great video. The white Corvette is a coupe with removable targa top which in your video is not removed. The silver Corvette is the new Corvette Convertible with retractable hard top. The convertible is so much better looking IMO. I'm actually changing my order from the coupe to the convertible.
    3
  39921. 10:00 pay less in car insurance in Illinois but pay more in property tax and whatever tax they can make up. 😐
    3
  39922. Hmm, I like what you're saying, But it's something I want to hear. I bought my home mid 2020, Just as COVID was getting a "Grip" and in that disarray when only guaranteed loans (GI Bill) were accepted, I didn't time the market, but I knew it was a time to buy. I bought well, House a bit larger than what was needed (I feel like Bruce Wayne LOL) And now find myself in this scenario. I'm not selling, I'm more concerned about property taxes, and how I might get gouged in that area. (That's what I need to hear.) Buying my Home was the best investment I've ever made. My friends rent is higher than my monthly mortgage. There is no turning back. I subbed.
    3
  39923. It’s out of control either landlords are charging too much or employers aren’t paying enough, or both idk which. But what I can tell you is I am having a heck of a time saving up a down payment.
    3
  39924. I understand manufactured homes are not most people's dream home, but they work for some people. We sold our home in Nevada on the high last April and knew at the time the market would be going south and didn't want to jump into another expensive home and mortgage.. We bought an older RV and lived in it while we moved to North Central Florida. I never thought I would buy a manufactured home, but we found a nice remodeled one for cheap in a nice village with golf course. We paid $35k and it included golf cart and two sets of clubs. Now, we live an amazing lifestyle for about half the cost of an average apartment in the country. We bought the mobile home to get out of the RV and still keep our powder dry for the real estate slump. Now as it turns out, our cheap manufactured home is in demand as we go into winter with similar units selling for twice the price. My pointis, get into whatever you can that's adequate for now, including renting, that allows you to live within your means, and position yourself to take advantage of the correction in housing that's coming next year.
    3
  39925. Thanks
    3
  39926. Fantastic video! Very important to those who are looking at Florida as a possible place to move.
    3
  39927. almost a year later.... would be awesome to have an update :) Beaches closed? what's going on covid wise? where are best places to escape the insanity? thanks a million
    3
  39928. What area is Clear Water Beach?
    3
  39929. snow storm coming Monday right now its in the teens we will get 12-16" nuff said
    3
  39930. Another nice video Mike. I’ll be staying back in Orlando next week for a few days but will be driving down to Miami Beach on one of those days with my rental car for the day. I’ve been there twice before but it’s been a while. Do you know of a nice, cheap, secured parking garage to park at that’s literally next to the water? I want to park somewhere for a few hours that’s within a five minute walk to the beautiful water so I can go swimming in it. Thanks. 😃🌴🌞
    3
  39931. Ughhhh, I've spent months narrowing down the region most appealing to our move to Florida and now that's going to have to change. What I love most about the west side is the beautiful ancient oak tree canopies. The established homes on a little acreage with much of the forest left intact is what I'm looking for. I need the protection of a tall canopy for what I'm planning. I'll need at least 30% tall deciduous tree coverage (preferably oak, but a mixture of deciduous trees with pine would be great) on an acre or so in planting zones 9a or 9b would be ideal. I cannot stand seeing all the "cleared" development areas. Hurts to watch. So hard on the ecosystem, including the water tables. So.... Where should we be looking now? 🤔
    3
  39932. Can you imagine the hidden potential costs if you invest in the condominium market.
    3
  39933. Hi from Australia and wondering what thing's will be like in 10 year's.Also there are criminal property developers scamming here from foreign countries and flee before they are caught...Talking ten's of millions of dollars.Seem's like all countries are scamming Australia in every way possible.
    3
  39934. Hi Michael, you should also start to share your content on Rumble ✌🏻
    3
  39935. The weather in Cali is better than in Florida. No humidity. no bugs. But the politics suck.
    3
  39936. And the traffic accidents with those who speak "no Engliss"
    3
  39937.  @MichaelBordenaro  smart move!!!
    3
  39938. Come on Michael you no that's my picture you put in your intro stop it man you're stalking me now 😎😎😎
    3
  39939. Michael, we agree 99% on everything. Right now my industry and type of job is doing great. Also I can easily work from home. I have several good job offers that want me to work from home. I am scared to death to take a job working from home but it is very tempting.
    3
  39940. Cool vid idea Michael & thanks. Is there much surfing in Florida? Hope to be seeing u guys soon. I HATE WEARING A MASK!....LOL. Thanks Michael! 🤙🤙
    3
  39941. AirB&B’s out priced themselves during Covid! Also school has started in many states therefore, summer prices coming down! Higher % of American’s went overseas this summer because most people didn’t travel to foreign countries during Covid! Agree with you that people bought at ridiculous prices!
    3
  39942. Thanks for the candid video again. They are assuming mortgage rates will come down. They are also assuming they will still be in business in 5 years IF rates come down. 22 years of zero Fed rates have caused a lot of malinvestment as well as too-many-to-count scams. In addition to all the spot on things you described, USA also has crumbling infrastructure. Look at the Ohio Spill, the Flight cancellations, crumbling roads, etc. with no end in sight and no remedy from Congress.
    3
  39943. Wow, here in Denver Co houses and condos are still going up in price
    3
  39944. After the Ian hurrican houses prices in Florida will simply collapse! Everything will be ruined! People will be really afraid to buy houses especially close to the sea in case of another storm comes! I wonder what will happen to the deals that were closed and signed a few days before the storm...what happens if the house is destroyed? Will they lose their money? Will the insurance companies pay?....I have a feeling that we are facing a financial disaster!!!
    3
  39945. Good info on the gold calculation!
    3
  39946. In the future sellers will probably need to provide some type of up to date engineering report at closing. I live in the Daytona Beach area and we have quite a few condos built in the 60's 70's and 80's. I expect it will be hard to sell units in these older buildings after the Champlain Tower collapse.
    3
  39947. Yes, when you move somewhere is better to rent in case the area or city is not what you like. Like me , I do dislike Miami and cant wait to move out. If you find a place that you like, then renting at the end is a waste of money more when the rent is as high as a mortgage.
    3
  39948. In light of the Bitcoin fiasco, maybe they should temporarily start calling it the WTF Arena until it’s officially renamed.
    3
  39949. Question; do you know if CDDs last the entire life of the loan? Can they go up yearly?
    3
  39950. CDD's in Florida usually last around 30 years or more. They issue Bonds to pay for infrastructure, roads and sewerage etc. These bonds have interest. Each CDD has a Board of Directors. What many folks don't know is that BOD has the legal right to issue new additional Bonds if they need the money and revenue. They rarely if ever go away. I avoid CDD communities like the plague when I purchase a property in Florida. They have nothing to do with the " life of the loan" as they are on your annual property tax in addition to your regular property taxes. Bottom line is they never go away. Many smart buyers will avoid communities with a CDD. imo
    3
  39951. I've heard people doing this to buy in this ridiculous housing market! And SHAME on family members giving money gifts for their family buying in this market instead of telling them..... DON'T BUY NOW!!!! NOW ISN'T THE TIME TO BUY!!!!! AND NOT GIVE THEM MONEY GIFTS!!!!!! HOW STUPID!
    3
  39952. Michael it should have never STARTED I say NO
    3
  39953. Great analysis - Fed is driving people out of jobs seemingly without a care
    3
  39954. Thank you Michael 👍
    3
  39955. Can you please review high rise condo sales on the beach?
    3
  39956. @8:04: Why would a sane seller price his property for $50K or $100K under market value? Wants a very quick sale? Or might that just trigger a bidding war?
    3
  39957. I'm saving to buy a piece of Land on Lake Superior. I'll hand build a Log Cabin. Winter is horrible but the rest the year is Awesome. Great Moose, Deer Hunting, Trout and Salmon fishing. I never see any Fishing from Florida Beaches as you do your Walkabout. Is a Gaiter going to get you? We got Wolves and pack Rifles. I caught great fish when visiting Florida, right off the Beach. What's going on with you guys? Free Lunch! Bordalino seems an awesome Florida Man. Much love from Minnesota. "The psychology doesn't add up". Great summary. You are not alone, not everyone is going Crazy. Canadians are nasty, they flood Billions of Mosquitoes across our Northern Borders every Year. Blood Sucking Trudeau American hating Vampire's. "The psychology doesn't add up." Love it! Fed is performing good in my Opinion. Slow and steady Thumb Screws.
    3
  39958. Infinity mortgages… good one!
    3
  39959. Wow thought this was just me!! Can 100% relate
    3
  39960. I am waiting to see how much the Chinese real estate collapse will cut into the foreign investors buying up so many houses in the Western world for cash, my friend's modestly upscale area is getting more and more influenced by these caretaken houses, I am thinking Chinese crooks hiding their money overseas amongt other groups doing the same.
    3
  39961. Glad you got to the beach finally. I love your Camaro and the mold problem is too bad. I use that demoisturizer thing they sell in a container for my basement and it may help in the car too. I think it's wise to garage the care someplace else. I like that this video is an assortment of things lol. Keep em coming please. Enjoy the beach.
    3
  39962. Where are all those girls from boat zone
    3
  39963. hmm, I am guessing you guys don't have kids?? I want to have a life like you do but Right now i am only 20 and in school 😂🤣You are living the good life
    3
  39964. 14:05. ‘Better the Broucure, the Worse the Deal’ LOL. Wisdom for today and tomorrow
    3
  39965. These calculations about 4 years is complete bs, unless you live in a tent or never leave parents house there's no way this is real._
    3
  39966. Great video, we talked recently from Cali. Putting my house on the market in five weeks!
    3
  39967. Hiii!!!🤗 Thank you very much!!🤍🙏☺️
    3
  39968. Lisi is very shy in front of the camera but super talkative when away from it 😃😅
    3
  39969. Thanks Michael that was excellent I didn’t want to it to end. I subscribed a while ago just going through all your videos.
    3
  39970. The threshold for Florida is 80 per cent, but is that also the threshold for California?
    3
  39971. I think foreclosures will not be as rampant as in the GFC diluent to so many owning homes at ultra low interest rates and more sizable down payments then in the housingndebaclenof the low to mid 00's. Keep your eye on the jobs market if you want to see how foreclosures play out. If the Fed doesn't kill the job market with interest rate hikes. We won't know the effects of the FED for another 9 months. JMHO. Another great video.
    3
  39972. What camera do you use?
    3
  39973. Ownership still way better than renting in my opinion. Yes, expenses are rising but, with higher taxes, insurances and such, your rent will go up too.
    3
  39974. What about Dunedin? I heard this place is on the up
    3
  39975. My retirement plan is to build a business that I can stay in management in my old age. Then I can pass it onto my children when I’m done.
    3
  39976. I’m a Floridian and I can say it’s insane down here right now
    3
  39977. You’ll have to wait for several years. The Govt has t raised interest rates and mortgage rates went up anyway. I gave up. The greed factor is off the scale.
    3
  39978. Yea! I love all of these new videos! :-)
    3
  39979. There's a housing shortage of over 6 million homes in this country. If you wait out now you're going to regret it. Yeah you gotta play games right now with offering over asking or more than the appraisal comes back for, and waiving contingencies. But still if you wait it out it's just going to inflate even more. If you can afford to buy right now, do it.
    3
  39980. Most ppl dont understand that the Federal Reserve Board is not a govt agency and actually is an institution(private) that is separate from the US govt. This might b a good story for u Michael.
    3
  39981. That was beautiful. Merry Christmas 🎄 to you too 👍
    3
  39982. Happy Birthday
    3
  39983.  @MichaelBordenaro  that’s the plan
    3
  39984. How common is it that you can get a positive cash flow by putting down 25-30%? After all expenses.
    3
  39985.  @MichaelBordenaro  I am so sorry to even ask this but what does IMO stand for?
    3
  39986. Thank you very much for the lovely video, I missed your voice and Merry Christmas for you two .
    3
  39987. Thank you so much Gladys! Merry Xmas!!🎄🎉🙏❤️
    3
  39988. There is only one way out unfortunately Michael....there will be many going broke and others who have been on the outside going to win....
    3
  39989. Love the video! Please be safe
    3
  39990. Excellent video!
    3
  39991. No wonder 6 adults are living in single homes.
    3
  39992. What is the incentive to live in California at this point? If you had a choice, why would you stay there or move there? California is ridiculous in almost every way possible. Very sad because California is such a beautiful state. That goes for Oregon and Washington State as well. The progressives ruined three beautiful states....
    3
  39993. First comment woot woot 😅. Thanks for the videos!
    3
  39994. I love the gloom and doom fear monger videos😊
    3
  39995. Hey Mike. Thanks for the information. Possibly moving to Florida from somewhere on the West Coast (i’ll give you two guesses). I understand that this may not be the vibe of your channel but I am curious as to what your opinion of gun culture is in Florida. Overall bad or good?
    3
  39996. Thank you so much for taking the time to respond. Not only did I enjoy your video but I’ve subscribe to your channel as well. GOD BLESS you Sir in the name of Jesus Christ. I look forward to continuing to enjoy you work.
    3
  39997. I defintily like the walking around, seeing the neighborhood format while you cover the points you set out to present in your video.
    3
  39998. You completely totally.I mean 100%right.Exactely what I think.Word for word
    3
  39999. I have a feeling when the “crash” comes banks will not be lending at all, unless you are a holding company, hedge fund or a REIT.
    3
  40000. If we are selling our home and we have used the third bedroom as a closet/laundry but kept the entry door and closet in that room so that it couId be easily converted back but we did create an opening to the master, will this affect our appraisal and make this a 2br because of this opening if the potential buyers don’t want it closed? We can’t have the appraisal come back based on a 2br.
    3
  40001. Right on Mike! One of your best videos.
    3
  40002. thanks
    3
  40003.  @MichaelBordenaro  Yeah, we said the same thing to her, good thing she started looking early, not a lot available though like in your area.
    3
  40004. Can you please tell us where your walking next so we can jump out of the bushes.
    3
  40005. No company, insurance or other, is immune from this deliberate collapse of America. Every industry and every sector of the U.S. is at risk of insolvency and bankruptcy. Also, citizens must be prepared to possibly lose their lifestyle in the coming several years.
    3
  40006. Last crash saw 3 places crash the hardest: South Florida, Los Angeles, and Las Vegas.
    3
  40007. The flowers are changed out every quarter.
    3
  40008. Michael, I predict areas that will be hit hardest are highest percentage of property taxes, HOA’s, and property insurance. New Jersey has always led the way on foreclosures. They also have the highest property tax assessments. Those two stats are correlated with each other. As will be insurance and HOA’s with property values.
    3
  40009. I just don't walk at night
    3
  40010. Don't worry, lived in the small state of MD all my life, been practically everywhere in the country. Except, I've never been in Southern MD. Heard it's nice there. You can never get bored traveling, even to places nearby never explored
    3
  40011. Awesome video! Thank you! Really helped us pinpoint areas that are better suited for us
    3
  40012. My home value went up approx $75 per square foot in the last 2 yrs. Tampa Bay.
    3
  40013. I wouldn't live beachside for all the tea in china due to car exterior damage. I reside in broward - literally about a block away from my old town boca in palm beach. Moved into an old - 20 unit - condo, built in the mid 70's, upgraded all the way around but was missing a decent a/c. Spent 9k on a dual zone which solved that issue. My old building - in Boca which btw, palm beach does NOT have the 40 year building inspection - until recently - that broward has in place. As a result (when I left and before the building inspection law) building jacks were all over the place i.e., in hallways, and propping up patios because of the rusted out re-bar. When I was on the board at boca and I would mention "building re-bar" inspection because I spotted some serious water damage. Sadly, I would always get shot down and told: "there's no law on that here." we'll just hire a "handy man" to patch it up - which that answer didn't sit well with me. Meanwhile, I've been gone from that place for over 17 months and they're still working on that building and I know as a fact they don't have reserves. Here at my new building they have plenty of reserves, had our building inspected last year (one minor repair) AND strange as this may sound, our insurance decreased! I have no idea where the "cut off" mileage would be for a building to not get minimal or zero rebar/metal damage. Both buildings (broward and palmbeach) were maybe a mile away from the ocean. Love your videos! You always provide people with EXCELLENT - take to the bank - info.
    3
  40014. 🎉🥇
    3
  40015. I really love your vlogs. 🇺🇸
    3
  40016. Sometimes you don't know how good you have it until you leave. My parents moved me out of NYC when I was a kid. However I always loved NYC. So I moved to NYC. I have a civil service job. Now fast foward to now with kids I may add. The crime going up. No enforcement of laws because with the no bail system in NY state a criminal will be released in hours. The cops feel its not worth the paperwork. My job I deal with NYPD daily. The taxes , lockdown , traffic , parking, emotionally disturbed and homeless on public transportation. So in the end I moved back in Pennsylvania and enjoying the good quality life that I been missing. I guess if I didn't move back to NYC I still being thinking about it. Then again if I stayed in PA I would of saved lots of Money. The house I sold in 2013 for $325K my dream house now worth $530K. Yes lots of regrets but now I know Pennsylvania is good for me at this point in my life.
    3
  40017. Hi again. Could you tour Jensen Beach and Hobe Sound? Hobe Sound is supposed to be very nice and deluxe.
    3
  40018. We have a very dysfunctional government and possibly the worst President in history. A tactic used over the years on Americans is giving these fake numbers for unemployment and inflation. You could imagine people not speaking up about the numbers when they feel inadequate thinking things like "wow, I suck....inflation isn't even that high and I still can't afford to live" or "wow, I suck....I'm actually part of the low percentage of the unemployed"
    3
  40019. Great neighborhood, love it
    3
  40020. I think it's silly to compare folks in the Midwest complaining about their heat to Florida's heat, which they're not experiencing because they're not in Florida! It never reaches 120 degrees with humidity in Colorado, but if it did Coloradans would complain about that experience.
    3
  40021. Yes, I would enjoy living in Surfside in the back neighborhood. I love the peaceful beauty of the area!
    3
  40022. In an attempt to 'fix' things, the government instituted a rent moratorium where tenants didn't have to pay, but property owners were still on the hook for mortgage payments, HOA, taxes, and repairs. Their 'fix' for the problem was to force property owners to rent their properties for free. I'm a big hard 'no' on government 'fixing' things.
    3
  40023.  @MichaelBordenaro  100% 😀
    3
  40024. Congratulations Mr. Mike, and happy birthday. Good video. We love supporting your channel, "Team Bordenaro" 🥳
    3
  40025. What's real estate tax on the unit? $1000 maintenance is peanuts compare to NYC. Average NYC 2 bedroom maintenance is around 1700 to 2k, not even close to spectacular view like this one. Local management companies here are like local mafias! go up 2-5% per year!
    3
  40026. nice work
    3
  40027. Our country is built on a the biggest house of cards right now it’s not even funny. Everything is so falsely propped up. Prices are ridiculous and yet still no increased rates from Fed?? What’s joke. It’s all a planned to help the rich get richer, again. Face it, the Fed put our country up for sale to the highest bidder.
    3
  40028. Not only is it going to be near impossible to sell your home and make a profit, or buy one with a reasonable mortgage rate... then you have to contend with incredibly high property taxes, home insurance, and utility costs. And here's another thing few are talking about: the cost of home maintenance and repair. Even if you lower the price of your house to offset increased mortgage rates, potential buyers no longer want to invest a dollar into roofs, furnaces, windows, flooring, landscaping, etc. It's not longer economically feasible to do so. Inflation has systematically destroyed every single aspect of this housing market, and we're still in the early stages.
    3
  40029. “I want to see a rattlesnake.” 👍
    3
  40030. I think this will be Great the mother of all recessions! How could it be different under democRats
    3
  40031.  @MichaelBordenaro  In the near future 🙏🙏🙏🙏
    3
  40032. ❤ this collaboration. Thanks for having Travis, it's great confirmation to know you also trust his input and makes me happy to see everyone is on the same page 👍🏻
    3
  40033. Back in FL!
    3
  40034. At this rate the homeless will soon be buying houses in Beverly Hills.
    3
  40035. Well, the gas tank on my Toyota Tacoma fell off in-flight, so technically it couldn't 'take a charge'. But I get your point. No electric for me, although I considered a hybrid. ICE all the way.
    3
  40036. No such thing as affordable housing in my area if Florida anymore
    3
  40037. What is the address of Shake Shack ?
    3
  40038. Or we build more places to live
    3
  40039. Congrats you deserve a gold plated leaf blower
    3
  40040. Michael this is a beautiful neighbor thanks.
    3
  40041. You don't necessarily need to sue your insurance company. It's a popular option in Florida, which is why so many insurance were leaving before the storm due to constant and mounting litigation costs. You've likely been seeing your premium go up due to this. If your policy has an appraisal clause, incite appraisal, it may cost you less than hiring an attorney and you'll find out if you've been paying premiums to a good insurance company. A good insurance company will want to pay what is owed and not look for a reason for denials. Appraisal is usually faster than litigation. Any homeowner can incite appraisal by letting the desk/staff adjuster know, and hiring an appraiser to send a letter to the insurance company. Double check your policy for Appraisal. Most adjusters are happy to hand it off to appraisal and just write the checks when it's done.
    3
  40042. I closed a sale on a home in Summerlin a high end suburb of Las Vegas Sunday. Seller said they shot fir $700k and got $650k. If they sold 4 months earlier their agent would have listed it for over a million
    3
  40043. Do u know if Hollywood florida is a safe place to live?
    3
  40044. In TIburon....It will be COLD....I hope you brought your jacket!!!!!
    3
  40045. It's annoying to hear 'the experts' keep saying that prices are high, but we're not in a bubble; prices are supported by x,y,z.... Give me a break, houses have nearly doubled in price since 2019. That much of an increase in such a short time frame, mostly supported by government manipulation and coronavirus cabin fever is a bubble, undoubtedly. The Delta variant might to extend the situation for a few more months, but there has to be a pullback sometime in the near future.
    3
  40046. Thanks for the video brother Michael
    3
  40047. Hi Michael, I found your channel a week or so ago and have enjoyed exploring the different videos you’ve made. The real estate ones are interesting but I tend to enjoy the personal and life-philosophy ones better. I like the fact that you’re pretty laid back, have a bit different outlook on things, and an interesting and engaging manner. What is the rental situation for someone who might just want to spend two or three months during the winter in Miami Beach or another beach community? We are spending the winter in Mexico with my wife’s family but might want to change up the location some years.
    3
  40048. I love Florida and plan on moving there in June, this video was very insightful thank you!
    3
  40049. Great tour and beautiful house Michael...👍😀..keep it up..I wanted to ask a question- Is there any good Vegan restaurant ( I mean no meat and eggs in the menu) in Miami beach or Miami ?? Again thank for the video
    3
  40050. How can I find myself in Florida pls I need a help
    3
  40051.  @MichaelBordenaro  Yes, looking back, that was insane. Vegas is located in the desert, and people there seem to be quite compliant to HOA for the subconscious fear of survival issue. The HOA of the master planned communities is like an invisible giant hand regulating the resident's life. That said, I still love Vegas. It's a very unique and alluring place.
    3
  40052. Not sure about this. I live in Atlanta and looking in north GA, home prices have been going down for the last 8 months. I'm talking by up to 40% decrease. Sooooo... what is this data?
    3
  40053. Bordenaro your data is flawed and thus your conclusions are senseless.
    3
  40054. Same here in central Texas. I close in 2 weeks on a fully rehab home in the 400 range. It’s a little smaller than I wanted, but it was cheaper than a new build, with a larger lot. Really didn’t want to buy at this time but landlord is wanting to sell the rental that I am currently in. Best of luck.
    3
  40055. Question…. (In today’s & the next 3 years market ) does it make way more sense to RENT in south Florida high rise condo …. Rather than buying ( rising ins. , HOA ect ) it seems to me, I can rent ( for example) an 800k condo for way less than the mortgage. ……….. my question is …. Should people looking to move to south Florida, Rent at this time….. rather than buy … ? …… get the lifestyle you want, without the rising “risk” of owning……. I understand “ typical realtors” would hate me from saying this… 😂
    3
  40056. Rent in Miami is not going down
    3
  40057. Did you wear sunscreen Mike? =)
    3
  40058. I think you have come a long way since you were 20. You seem to have evolved in a significant way for the better. I am 63 and well settled in my life. But even I am thinking of cashing out and moving on before I lose my health. At 33 you are still young and still have plenty of time to straighten out any mistakes you make. Go for it. You only live once.
    3
  40059.  @MichaelBordenaro  Thanks Mike. My wife will help me decide. I am looking forward to this next phase of my life.
    3
  40060. Dude I love the vids! I’m from NY looking to move to tampa area. Idk if this is out of the range of what you pos, but can you make a video on HOW , what to look for and what is Needed(money saved.. etc) to move ? Maybe you have one already
    3
  40061. You right New York tenant don’t pay rent over 1 year no good 😌
    3
  40062. People leaving Cali in droves, they are all over AZ, thus the housing situation in NORTHERN AZ is hopeless. No rentals, and can’t get a decent home for under 300k. I hope Florida doesn’t turn into California. ⛵️ It would be a shame.
    3
  40063. I prefer your walking videos, as I felt like I was in traffic. But I appreciate that you wanted to try something different. Good job!
    3
  40064.  @MichaelBordenaro  I hung in there and finished the video. I gained a new appreciation for the driving aspect of it. Benefits of both the walking and driving videos! :-)
    3
  40065. i need something to happen cause i'm trying to move to central florida but the damn rent is so damn high it's pretty much mortgage rates its insane 16-1800 for a crap 1-2br apartment
    3
  40066. How is it living in miami beach
    3
  40067. But the taxes are needed so that people can get health care and things
    3
  40068. I mentor a few of these Gen Zers (men): I recommend they live at home and pay their parents rent so they can save and invest. I also recommend they avoid college unless it is STEM. Instead look into the trades that wont be replaced by A.I. Lastly I recommend they practice weight training and philosphy. These young men are reacting to the market. I call this wise.
    3
  40069. Love this !!😊
    3
  40070. Great video
    3
  40071. For the price of that "curb appeal" crack shack, I just bought a massive spread with two houses and full infrastructure in Northern Cali. Not the new price....the old one! Florida is crazy right now.
    3
  40072. My neighbor said in 6 months Allstate will be laying off several hundred people as they are "retiring" a product. The guy has a 2 year old, I prey he finds something else soon after.
    3
  40073. Was watching something briefly that talked about how millionaires buy homes what they are actually doing is taking a loan out for say 700,000 against their assets which makes them a cash buyer then once they've purchased the home for cash they convert that loan into a 30-year mortgage. So when all of everybody's equity in their home went up the last few years they all burned their Equity into new homes and or investment real estate. A lot of it here in Florida.
    3
  40074. Hi Michael,what about the appraisal final price?
    3
  40075. "They made their bed, and now it's time to lay in it"; In a sense that's a headline for your entire video Michael. The Fed has a "Dual Mandate", and that is all you need to know when looking at the current situation and wonder if you should be surprised; you don't need to look at past experience. Everybody is cheering when they get a free ride - especially when it makes them richer - and then they get upset when the bill is due. Human nature in its most basic form.
    3
  40076. Yeah, the weather channel has been talking about the dust blowing in from Africa. Haze for FL and the TX Gulf coast. The dust keeps the hurricane action down a bit before it ramps up in Aug and Sept.
    3
  40077. One question my friend, besides the reasons you told us why you moved to Florida, instead of California, if you hasn't meet your girlfriend on Florida, which state did you like most, Florida or California, and have you been in San Francisco or LA too, in thik Malibu is in LA, but in not sure. Great video again...
    3
  40078. It's fricken brutal out there man.
    3
  40079. Metals and BTC!
    3
  40080.  @MichaelBordenaro  yes! I believe in metals and just started with crypto after lots of reading and finding out it is real money like gold and silver. Those who invest in real money today will be better off next year for sure!
    3
  40081. Great point Michael....From gobankingRates "In 2019, 69% of respondents said they have less than $1,000 in a savings account compared with 58% in 2018...Yes SSI may not be there. I'm starting to think we ma not have a society we recognize at the rate we're going in the near future.
    3
  40082. My financial situation is f…. up. I don’t spend money for a long time. I am a single person making 60k in NY so that’s like a poverty level. If I knew that college and experience wouldn’t give me a comfortable living I would stay in hospitality biz. Meanwhile I spent thousands on my education, I do web development so it’s not a dumb job but I just can’t get a higher paid position. I am so frustrated
    3
  40083. The inspection process and whether home inspections are good or bad
    3
  40084. Your old neighborhood is kinda depressing.
    3
  40085. Another perfect T- shirt!
    3
  40086. Michael Bordenaro — I’m curious about this too. I’m considering a move down to Florida from NYC. Jacksonville seems like it might be a good fit because it’s FL’s largest city, but I’m seeing mixed reviews online. Wondering what’s so bad about JAX.
    3
  40087. Michael Bordenaro — makes perfect sense. But since I’m coming from NY I figure any other city will have a “smallish” feel by comparison. I haven’t settled on Jacksonville. Still comparing different places based on what they offer career-wise. Thanks for your speedy response. I love your channel!!
    3
  40088. Working at home only works when you hold people accountable. Unfortunately, there's a good portion of the working class whose primary job duty is figuring out how to get out of doing their job yet still get paid.
    3
  40089. 5:56 Hi Michael, that cool car is for sale! My name is Castro and I’m asking $25k for it. It’s an all original 1955 Chevy Bel Air. Thanks for stopping to show the car, one of our neighbors is your follower and they sent me your link. Anyway, best of luck with your channel and I wish you the best of the best.👍🏽
    3
  40090. Love this video. True, people sometimes take things for granted. Sometimes people don't take advantage of their environments. Agree with you that California is not all bad. California is unique & varied in landmarks, places, weather and natural environments. Cali's nature is varied and unique. Florida and California are both beautiful states. If I could afford to live in both states, I would live in both states. You literally would have the best of both worlds. By the way, did you ever watch California's Gold series with Huell Howser ? Hosted by the late Huell Howser, this long-running series explores the state's natural & tourist attractions. Go Cali ! Go Florida! Go L..A ! Go Miami & Orlando ! Love you both deeply. ❤💗💞
    3
  40091. Watch out for water moccasins on paths like that. Not to mention gators. It's pretty, though. Why was I expecting to hear "Dualing Banjos?"
    3
  40092.  @MichaelBordenaro  Also, on buying vs renting, it should be strictly a numbers/financial decision. For example, If I put down 20% on a home, I would like to save at least $500-800/month vs renting for it to make financial sense. People think housing always goes up. I lived through the 08 financial crisis where I was trapped in my house for 14 years even though I wanted to move I had no equity (in effect just paying rent to the bank). Folks think this market will never come down...I felt the same in 2004 when I bought....4 years later...it fell drastically and stayed down until 2020.
    3
  40093. Another good video. Thanks for sharing. What is the parking situation at your building?
    3
  40094. Lots of shoddy work being done by contractors and laborers. Due diligence must be done. In Florida one doesn't need an attorney to close, however I suggest if buying in a Hi Rise building hire an attorney. He can request the financials, the minutes to the board meetings, any engineer reports and city inspections. The financials will show the reserve fund and fiscal health of the building. It may cost a little more but worth it.
    3
  40095. Thank God ! Sanibel or Captiva Island didn't turn into another Marco Island! High Rise Condo after Another High Rise Condo in Marco Island !! Too Much Development Sucks! How many t-shirt shops and Bars does one need in Life going to Fort Myers Beach...
    3
  40096. We also have a lot of abandoned inner cities and smaller towns that could be rejuvenated to provide more housing. With the new work from home movement, there’s not reason these places can’t be brought back to life.
    3
  40097.  @MichaelBordenaro  It was a world of difference! Orlando wasn't even a dot on the map! Winter Park was bigger!
    3
  40098.  @MichaelBordenaro  yep!
    3
  40099. HELL, I remember being able to to buy fixer upper mobile homes in Clearwater for $2000 and the lot rent was $300. Lot of Canadians used them for their winter vacation of 6 months Lot rents in the area especially in Bradenton-Sarasota are up to $800 a month ! This housing mess could easily be solved if cities would allow 400-500 sq ft TINY HOMES ! Sarasota and Charlotte county are FULL of 1/4 acre empty lots in subdivisions near North Port and Port Charlotte. I talked to the city of NP and they said they are considering changing the rules There is ONE large piece of land in the area where someone has opened a TINY HOME park. Imagine anyone could do that with a large enough plot of land
    3
  40100. Thank you keeping it real on this video 🙌🏻
    3
  40101. Yes. ! Because even tho it’s 1000 of views it’s consistent on every Florida video & the people def think you know what you talking about when it comes to Florida so keep it up . Us small YouTubers will make it ! ❤️ I study the algorithm so much so I’m going to keep applying pressure
    3
  40102. Thank you for Sharing Michael! This is one of the things I love about Florida. You have so many options down there. I've been down there about 15 times and still haven't finished my bucket list. I've explored the southwest gulf up to Sanibel Island. I'd really like to see Destin, St. Pete (rated best beach in the country) and Annemarie Island areas next though. Overall the Keys are my favorite place in Florida so far. Once you get to really explore them, you get to see a hole different world.
    3
  40103. How nice are the houses in Florida for 350K-400K? I live in Minnesota and there are a lot of houses on the market around 300K but they are old and need a lot of work. For a decent house that is by the ocean for under 400K seems like a steal. Wife and I are thinking of making the move in a few years.
    3
  40104. If you know how to hack. You should buy. If not forget it.
    3
  40105. 1% would make sense if you raise it to 20% in the first 2 years. Stop paying rent and pay yourself. ..... it's only a problem when prices go down.
    3
  40106. I bought a manufactured home In okeechobee I own the land its a 2/2 half acre lot for 70000 in 2019 now it can go for 140k okeechobee realaste is going up day by day we are in northern south Florida on the northern end of Lake okeechobee
    3
  40107. Nice video. Love from India 🇮🇳
    3
  40108. Great video, Michael! You hit on some of the reasons I set my novels in Miami Beach. I hope to spend most of the year there soon.
    3
  40109.  @MichaelBordenaro  I escaped the marriage thing. I do see the point about divorce as a reason. I have bo answer for that other than stay single. Works for me but I know it doesn’t work for everyone. I will throw in a small regardless that older people had much better opportunities to buy. I remember buying my first home in Tampa for $75k. I think Zillow has it for $275k 23 years later. I did imo find a nice little gem over here. It needed $70k in tlc but for a total cost of $230k and 5 years of rent before I moved into it, it is very affordable for me
    3
  40110. You might even get to witness Hurricane Hilary smashing into SoCal this weekend! You’re up north a bit, but you’ll get some good rain!!!!
    3
  40111. letz play rain b-ball
    3
  40112.  @MichaelBordenaro  Thats what I was thinking. Does North Beach have things to do for families. Or would you recommend going to a different city/area ?
    3
  40113. Always enjoy your show, you definitely keep it real, even though it’s painful to hear. Next year is going to be a complete nightmare, with runaway inflation, high unemployment and sad to say out of control crime which will more than likely it’s going to be violent crimes.
    3
  40114. I respect your hustle...awesome!
    3
  40115. Mortgage jail. Can't refinance, cant move to get a better job, cant sell. They're in mortgage jail.
    3
  40116. I’m not buying nothing with an hoa. It’s just another bill every month your picking up. And the worst part is you have someone telling you what to do with your property
    3
  40117. Absolutely love your videos, but especially when you have your wife along! She seems so sweet, intelligent, and stunningly beautiful you have to think that she must’ve devoted her life to community service? I mean, really, she married you? Sorry, I just couldn’t resist! 😂👍
    3
  40118. Hey Mike… I always think of you as "Miami Dan" as in i-allegedly!
    3
  40119. how can anyone afford to live in Florida now and still be in a desirable area? i want to live on the SE coast. not in miami but around wellington, west palm beach, jupiter area. and a basic small house is starting at around 500,000
    3
  40120. life is a beach that all! great 411
    3
  40121. My friend got a 3/2 in Carrollwood Tampa area for 226K in late 2019.. Completely renovated! You will never see that price again. I was thinking about moving down but now have second thoughts. Florida is no longer cheap
    3
  40122.  @MichaelBordenaro  I will certainly check it out next time through! Thanks again for all the information on the area!
    3
  40123. Maybe extend the Q&A by 1 minute in length I think Youtube algorithm prefer videos 6-13 minutes long
    3
  40124. One 2500sq home in cali is worth a million dollars vs 2500sq in Florida or Texas worth 250k . Living in California is an investment
    3
  40125. Once a building is one stage like that we better move out. Next stage is nothing
    3
  40126. The only winner in a bidding war is the seller.
    3
  40127. Excellent 👌
    3
  40128. Michael Bordenaro thanks for the response. I must have missed that video. We moved here about 6 months ago and we feel like we have endless things to do here but eventually want to make it to Miami. It’s a bit far but we want to make sure it’s worth the drive. I’ll have to catch up with some of your previous vids.
    3
  40129. I been thinking bout moving to Sarasota. How is that area?
    3
  40130.  @MichaelBordenaro  thank you
    3
  40131. I don't want to live in Miami Beach.. It's hotter there in summer and crime rate is higher and more people in Miami Beach ⛱. Plus I can't afford to buy or rent a home in Miami Beach
    3
  40132. the strong hand taking from the weak
    3
  40133. Oh I was close Taurus ♉️
    3
  40134. You could probably buy a mansion in Florida with 100k. Propery value in In California is high (rich high). 100k is not even a down payment.
    3
  40135. What about Broward county?
    3
  40136. I hear you👍🏾
    3
  40137.  @MichaelBordenaro  Thank you! I sure hope it will still be obtainable by the time I am ready. It’s a scary move, but I love Florida so much. Such a dream to live there. I won’t give up! 🤞
    3
  40138. North Florida is much cheaper you will have better luck there
    3
  40139. Brahman Beathing Brings Bounty; Grounding Assured. Thank You for Your Honesty Michael.
    3
  40140. Michael .. i like rules ... can you imagine the noise and chaos without ... the rules are just common sense
    3
  40141. Nice to see an updated version of this :D
    3
  40142. Wouldnt low-median be a better metric ?
    3
  40143. Good luck collecting it. They'll just file BK and those numbnuts will get in line with the rest of their creditors.
    3
  40144. A 15 or 20% drop in price is immaterial unless property taxes and insurance also drop by a lot more than 20%. I've quit even thinking about buying anything anywhere in this state and by the end of the year, I'll probably have to stop living in this state as well with current trends.
    3
  40145. I live north NJ and dont see housing price down turn yet
    3
  40146. How are respiratory therapy jobs in florida?
    3
  40147. Michael, my buddy needs to talk to u. He is there in Surfside. I have told him he waited too long to sell. He doesn’t believe me. Thoughts?
    3
  40148. HOA FEES 500 A MONTH PLUS YOUR PROPERTY TAXES 2000 A YEAR
    3
  40149. Great to see you in the hood bro; LAxOC here; would be cool if you setup a meetup in Manhattan, there are a couple great bars there and I'm sure you have several fans here in LA
    3
  40150. One can see a lot of warmth between u two
    3
  40151. I would inform the squatter that the house needs to be tented a treat for termites get out
    3
  40152. That’s what I’m waiting for, hopefully it will scare them away!
    3
  40153. I totally agree with the sunsets on the west coast! Also, not a morning person!
    3
  40154.  @MichaelBordenaro  I understand. We’re torn between our love for the two coasts. We like being able to easily visit the Space Coast, West Palm, Fort Lauderdale, and Miami, but those beaches on the west coast got that white, powdery sand! 🤩🤩🤩
    3
  40155. Touché Michael Bordensro, Touché lol
    3
  40156. Do a fast food video or share a rec day. Shake it up❤🎉
    3
  40157.  @MichaelBordenaro  for sure! All seriousness though great video. I miss Florida. I’m originally from palm beach but I’m in the Midwest. Miss the sun life year round.
    3
  40158.  @MichaelBordenaro  through time for sure. With everything going on now I don’t want the stress of moving currently. I’ll wait for things to mellow out.
    3
  40159. Renter here. I have had two houses offered to me FREE and turned them down. I value my freedom 👈😀👉
    3
  40160. Yes, driving tour cool 😎 yes a little bit of both
    3
  40161. I am excited for this! We are interested in purchasing a home near Ormond Beach. Perhaps your travels will take you there.
    3
  40162. Lies, More Lies and Statistics.
    3
  40163. Can you do Australia?
    3
  40164. 7% mortgage rates are back, baby! :D
    3
  40165. Great video!!! - Sarasota
    3
  40166. Because of all these hurricanes car insurance in Florida is way more expensive than almost anywhere else in the country . Not just a little bit we're talking three or four times basically you can ensure four cars for the price of one car in Florida . That alone is enough not to live there. Then you add on gigantic homeowners insurance and then try to pay for flood insurance it's just not worth it why live in a disaster zone !!!!!
    3
  40167. The name of the game suck all the money out of the new Florida resident then recycle with new ones. Wash rinse repeat
    3
  40168. Thank you for this! What part of SoBe do you recommend to live?
    3
  40169.  @MichaelBordenaro  thank you!
    3
  40170. Vacation is hard because you are out of your comfort zone. When you travel, you change location, climate and time zone. When you return home you are going to be really tired.
    3
  40171. Thanks Michael 👍
    3
  40172. Hey Michael, I've had a number of realtors down here tell me that it is much more difficult becoming a realtor in South Florida and I guess Florida in general. They said when they were realtors up north that it was much easier and that down here you have to be a realtor, a mortgage broker, and an attorney. Do you feel this is remotely true?
    3
  40173.  @MichaelBordenaro  that's what I suspected. Thanks Michael and happy New Year!
    3
  40174. Good evening, Michael. Can you offer any comment on foreign real estate markets? For example, for all the expats in Mexico (and those of us considering this option), will a U.S. recession drive prices down overseas? Is it your view that a recession might prompt some Americans who own second homes in places like Mexico and Costa Rica to sell at a lower price? I hope you find time to address this. Thank you.
    3
  40175. Michael, great video. I have to say you seem much more relaxed in front of the camera then you did a couple months ago.
    3
  40176. Do you find vacation rentals for people who may want 4 months in SI ?
    3
  40177. My suggestion is to wait until after the election. There will be many surprises. There’s a huge bubble in Florida and a lot of people are trying to make up for 2009 loses. Rent and wait for the crash. There will be many deal to be had... BtW, the sea level rise is the biggest bunch of bullshit I’ve ever heard. Just like the virus. None of it is real.
    3
  40178. 106 degrees??! whoaaaa
    3
  40179. What are you think about Fort Myers?. Just bought a home on fiddlesticks. Thanks for sharing
    3
  40180.  @MichaelBordenaro  Right, we initially wanted to move to Naples. But my husband got a job in a hospital in Fort Myers, so here we go. We do have friends in Naples that will be able to hang out with.
    3
  40181.  @MichaelBordenaro  thank you!
    3
  40182. Good for Florida. It ticks me off that all these foreign people countries can come into America and buy our land. I don’t know if any other country that allows that America is really stupid in that regard.
    3
  40183. now that’s crazy😂 wtf I think I’m going to be very happy living this nomadic lifestyle.
    3
  40184. How hot do the dogs get in FL in the summer? Are you able to exercise them early in the morning?
    3
  40185. Now that interest rates and insurance is so high I don't even look at Zillow.
    3
  40186. IL huh ? See all that flooding ? Chicago flooding and on verge of bankruptcy. Hell, corps need to move some hq to FL and FL would get even more attn. Also the weather is hot everywhere these days from may-sep so like u said whats the diff. Mise well be able to get in the pool year round.
    3
  40187. Won't the landlord pass on their increased cost of their insurance costs so I don't see where there is an advantage of renting.
    3
  40188. They’d have to find buyers of the mortgage backed securities.
    3
  40189. Before I even watch, I will say my warning signs are Dumbed down populous Failing banks National debt/ government spending Our leaders in Washington Housing bubble Consumer debt Inflation Instability in the world / conflict
    3
  40190. I've always said that as a person and landlord in Los Angeles under rent control it's awful
    3
  40191. True about insurance rates
    3
  40192. Michael, you pronounced force majeure correctly. Good going!
    3
  40193. Moved from BOS to WPB in May 2021, 0 regrets !
    3
  40194. Inventory is slow In Sarasota Bradenton market. I think it will be 2 to 3 years for the bottom. I'm just being patient.
    3
  40195. Crime rates matter down there. Conceal carry and situational awareness is key.
    3
  40196. wow..thanks for showing this to us... thats horrible mis managed obviously
    3
  40197. Thank you for making these videos. They are very helpful 👍🏻
    3
  40198. Thanks Mike. I actually looked up and researched on my on as suggested in the comments about the "Great Reset" and "Black Rock". Turns out that Black Rock created the meltdown in 2008 and then worked with the government to bail us out, being that they are the world's largest investors and asset managers. So this is not new. It seems that they are doing the same again; buying all the properties they can to create a nation of renters. I had called for self agency. We have let this go on and on for decades now and there is no one to blame but ourselves. It seems like we just keep escalating the amount of money that an investment company like Black Rock or a company like Amazon, etc, are able to make. Trillions. That is capitalism. The government is involved as well and they seem to be getting rich. They side track us with division and all other buzz words that seem to be working. I'm not sure as what we can do as self agency would be do not sell your home; stop buying from Amazon and start there. There is other reason post pandemic that are going on too. Lumber is extremely expensive, transportation has slowed down, the all American Quit your job, etc. etc. Seems we are doing all this ourselves. There is also bit coin used as money which is digital and really imaginary because it's not backed up with the believe that our government will be able to back real money. So we are also the culprits that is making our government go broke instead of buying ibonds and other government bonds, many are investing in bitcoin. Again, self agency. Thank you, this has been quite an eye opener for me Mike. Any suggestions guys? What should we do everyday to better the situation? I love my United States and do not want to leave it!
    3
  40199. These low-rise condos are no longer feasible and will be bulldozed and replaced by new high-rises.
    3
  40200. Let’s write a contract! How are the schools in the area!?!?
    3
  40201.  @MichaelBordenaro  great stuff man … I love the greed of these flips
    3
  40202. Just Swipe -Michael. Realtor, YouTuber, and dating advice extraordinaire.
    3
  40203. Thank you Michael.
    3
  40204. That house looks no more then 125k at best! Im sorry i would never buy that a dollar over 125k
    3
  40205. Real deal holly field. Lets see how it is forreals. btw im here now in Miami. Came to check it out . Thanks to u. From LA. I was in south beach but left to coconut grove. Something more chill. Miami beach was really ratchet. Cheers 🥂. Lets me know if there is anything I should really check out.
    3
  40206. Man$$$, Oh man, the price to park at Blind Pass has sure gone up since I left in 2010.
    3
  40207. Hi there. I hope you’re safe through this Isaia hurricane. My friend lives in Miami and she getting ready too. Will God protect you and your partner.
    3
  40208. Excellent info as usual my man! Just wondering, what kind of equipment do you use for vlogging and editing? Take care!
    3
  40209.  @MichaelBordenaro  Awesome man. Thanks. I hope to start producing content relatively soon.
    3
  40210.  @MichaelBordenaro  Well, my man. After much deliberation, we've decided to move back to my home state of Michigan. All my family is up there, my whole support system is up there, and I think that we will be much better off up there around my family. I want my kids to grow up around their cousins, aunts, uncles and my Dad. Unfortunately, they rarely see them down here. It is time for a change and MI makes the most sense for us. Having said that, the channel is going to be about random vloggings regarding our lives. I have a plethora of various ideas but not really sure what I'll focus on yet at this point.
    3
  40211.  @MichaelBordenaro  Thanks man. Appreciate the insight. Yeah I'm not the most tech savvy person lol so I'll have to figure out the editing process but it's all good. We will make it work. The key is to not give up like you said. Well I am really looking forward to being up there. Just a bit hesitant for a variety of reasons but I think everything will be okay. We are ready for the change!
    3
  40212.  @MichaelBordenaro  Thanks again.
    3
  40213. Merry Christmas and thanks for this video. It definitely cheered me!
    3
  40214. im 22, ur story is similar to mine except ive been interested in REI for a couple years now. Hope to move to MIA this year and start wholesaling, or getting my real estate license.
    3
  40215. The Florida economy could handle a cat 4/5 every few decades like historically happened. Not every few years like has been happening lately. Our last Cat 5 hurricane was less than 4 years ago. Then there were cat 3's in 2016 and 17.
    3
  40216. Mike I couldn't agree with you more. Here's another thought - How about all of the families that that entered into new construction contracts ~6 months ago (more often than not based on a monthly payment that was the most they could afford at that time) when they rates were 3%? Now the homes are being completed, and they'll be given 30 days to come up with financing at 7%. So many of these contracts will fall through.
    3
  40217. I'm in Sarasota right now. Yesterday I was at Lido Keys Beach and today I was at Siesta Keys Beach. Beautiful!!! I wish don't have to leave this state on Saturday night 😫. But anyways tomorrow I will be at Legendary St.Pete.
    3
  40218. Just turned on YT... First.
    3
  40219. Nice dude I am moving near Harding and 74th in a few weeks
    3
  40220. Thanks for braving the elements for our comfortable viewing pleasures!
    3
  40221. Very nice neighborhood. Have you heard of quiet firing?? apparently its a way for companies to rid themselves of individuals that are not returning to the office or simply by cutting their workforce. The big benefit to companies is no unemployment benefits and no severance plus its perfectly legal. Taxes.. oh taxes... we should demand SALT to return as a deduction... but congress seems to not be doing anything these days and the senate is waiting for congress to get their act together. God help us.
    3
  40222. This is a BIGGER concern for me, than Hurricanes, Snakes, Alligators etc. Do people change out their cars fast due to the flooding? Or what do people do with their cars? Mine will never make it through those roads/waters. It's tiny and low profile. Eeeek
    3
  40223. I am not pretty sure whether you have similar video on Key West but if you have, that will be cool. TIA
    3
  40224. cool videos
    3
  40225. Merry warm Christmas Mike B!
    3
  40226. I want housing prices to go back to the 1980s.
    3
  40227. Great idea for collaboration. If you considering anymore in the future it will be nice to see business owners that moved to Florida from another state or country and how they managed to relocate to Florida intern of starting again, connections , licenses etc.
    3
  40228. And also do you have to spend 25 first to be able to make money from the referral system.
    3
  40229. So why are y’all wearing masks OUTSIDE IN FLORIDA??
    3
  40230. thanks for the info probably im going to be buying a condo next year
    3
  40231.  @MichaelBordenaro  BRICKELL OR MIAMI BEACH I LIKE
    3
  40232. Thank you, Michael! You are a wealth of valuable information and experience. The entire housing market is being gamed.
    3
  40233. Great stuff...there are good buys*
    3
  40234. Thanks!
    3
  40235.  @rfbead321  There are plenty of facist landlords and apartment managers too, especially in Miami. Renting is an option. But if you're going to rent long term, you have to deal with ever increasing rents as landlords just care about profit. At least with a condo, the association is run by residents and they try to keep fees down and you get the appreciation benefits of owning property. Pros and cons to each. Most condo associations are not the stereotypical fascists from my experience. Have lived in several.
    3
  40236. Remember a time when house were offered to the market inclusing a car for free, a boat for free and even 1 house with a small airplane for free......
    3
  40237.  @MichaelBordenaro  they usually are not in Houston either but this year due to the extremely mild winter they are making it miserable to be outside. Glad it’s better for you. Merry Christmas
    3
  40238. I like the properties you have shown here. However; you are beginning to throw a very wide geographical net to capture so many deals. Your target viewer starts to look like : a. Works remotely, and has worked remotely for many years, even before the pandemic, complete online ninja of a worker, or b. Does not have to work at all. Just saying, it can be bitter sweet to just take in so many dream homes online, when they are scattered away from the major job centers. Thanks.
    3
  40239. Last year the unjabbed would be jailed for going to work. Now, magically, everyone must go back to work or be fired. Amazing how fast that was reversed. Because it was all fake.
    3
  40240. Here in Colorado the Marshall fire victims are still fighting with the insurance companies because they were "way" underinsured for their properties. Now, the question is who pays for the gap? A local news station just raised 300k to help, but it's just a drop in the bucket!
    3
  40241. Great vid🔥 and are you allowed to use calculators during the real estate exam in fl.
    3
  40242. Excellent information. Thanks
    3
  40243. You are a constant voice inside my head, talking to me about Florida. You tell me things I didn’t know that I didn’t know-the unknown unknowns 😄😆
    3
  40244. You should play “Rev on the Red Line” by Foreigner for your continued road trip!
    3
  40245. Really enjoyable video. Great narration, except at 7:13, it's a Camaro!
    3
  40246. Michael is always tip of the spear
    3
  40247. Historically housing markets always lag behind other segments of the economy. Up and down. Folks who are data deniers are merely lying to themselves and have selective memory how long it took from 2007-2012.
    3
  40248. My divorced mom, in the 70s, saved her money and bought an acre of land and built her house from scratch in 1980 with my grandpa's help, with no loans, from a salary barely above minimum wage at a lumber yard. She never got alimony or child support from my father either. My mom never made more than $22k annual salary and that was only her last 3 yrs before she retired. Another smart real estate move my mom made. Long term care insurance. She paid $267 per month for about 10 years for a $250k policy. It paid for her $6400 per month fee to live in a new, beautiful and exceptional nursing home with 24/7 health care for the last 2 years. I just inherited her house and property, it's worth about $175k today.
    3
  40249. I like you already. I’m Subscribe to you right now lol
    3
  40250.  @MichaelBordenaro  Hahaha nope, this is where he lived, Bay harbour butcher. We came to Florida this February just to visit this place!
    3
  40251. Get ready for rents to skyrockets and we have a bunch of crime and homelessness.
    3
  40252. The ocean is pretty all the way up to Vero Beach area.
    3
  40253. They are like that in Hawaii too. No Aloha and very unwelcoming to anyone talking about moving here 😕
    3
  40254. Closer to 46th St not crowded especially in the mornings.
    3
  40255. We will be looking forward to the east coast Florida houses.🙂
    3
  40256. College…Highway robbery.
    3
  40257. Happy New Years, Michael! Let's gooooo
    3
  40258. Thank you.
    3
  40259. It would be cool to have a longer video of different areas of Florida such as beaches and parts of cities where all you hear is background noise. Throughout the video you could change the location and whether or not it’s a sunny day at the beach or a rainy day in town for example. A video similar to this one where you can relax and maybe even fall asleep too. A reason I enjoy your driving videos. Just a thought and thank you for your videos.
    3
  40260. I’m glad you got started, I think a couple of days is the way to go. Look forward to the rode trip.
    3
  40261. you should check out places to eat like the sea food kitchen, the more popular ones yes have a waiting line, but there are other great places to eat that the locals go to. also there are a ton of small towns around saint augustine where prices are a lot lower, crescent beach is the same beach as flagler, flagler beach is where st augustine is, go back over the main bridge and head towards East Palatka before you ever get there about 10 to 15min outside St. Augustine on the left look for signs taking you to crescent beach, lots of restaurants, houses, condos, if you keep heading to East Palatka great seafood restaurants right there on rt 17. Im originally from that area and hope to move back. Happy Travels, love your channel
    3
  40262. Definitely agree with that.
    3
  40263. how does this card work with depositing checks and building credit?
    3
  40264.  @MichaelBordenaro  thanks
    3
  40265. Michael Bordenaro I agree! I have lost a couple of deals just because of that factor. Yay!
    3
  40266. I think San Diego would be better. Biggest problem with CA is the liberalism. That’s why I could never live there.
    3
  40267. This was a great idea man.
    3
  40268. Still moving.
    3
  40269. Informative video on the sand, where to find some less busy areas on the beach, Yeah the prices are crazy. Daytona seems to have super good value considering there is availability close to or on the beach. However, totally different areas in terms of quaint, cute, etc. Daytona might be the better place to invest for a rental in terms of being able to get a place at a decent price, based on the videos on this trip. I prefer the pretty waters further south that are crystal clear too. After going to the Caribbean, I say Florida has the same type of water. You can see what is swimming around you, that is a deal breaker for me. After seeing South Florida waters and Caribbean never going into N.E. waters again. I also would prefer nice soft sand with a minimum of shells up the walking areas of the beach. LOL Its amazing the beaches around the world, some are more likes rocks, some like pebbles, then you have the smooth sands. Interesting St Augustine has both, an indicator sand has been brought in from somewhere or dredged up. Keep them coming.
    3
  40270. Body Glove has my vote!
    3
  40271. The only people excited about CPI numbers are unethical real estate agents and mortgage lenders trying to sell overpriced property! It's a terrible time to buy anything except bitcoin :)
    3
  40272. It's for vacationing not living there
    3
  40273. I finally subscribed! lol
    3
  40274. Sup Michael, you’re the dude 🐊 😎 ☀️
    3
  40275. After watching four or five of your videos I’ve subscribe. I have to tell you I lived in Clearwater Florida for six years and two years in Nokomis Florida. I loved it but my family wanted to move back to Michigan. You describe the great state of Florida exactly how it is first of all absolutely bright beautiful sunny awesome sometimes crazy not to be confused with Disneyland but world apart compared to Michigan where I originally come from. After 25 years Northern suburbs of Detroit I’ve been planning to move back with my six children adults now most of them and say goodbye to this miserable weather depressing cloudy boring state. No offense to no one I’m originally from here but I’ve had enough of the cold weather and other things. Thank you for the incredible information you give the respect you give your subscribers the mellow tone you do it and God bless you and yes there’s 1000s of videos you can continue making about Florida smaller towns different cities different attitudes places whatever you do don’t take your foot off the padal. Again great video thank you Michael
    3
  40276. Haven’t believed anything in MSM since 2020.
    3
  40277. Tiffany Thank you 💜🙏
    3
  40278. Hollywood FLORIDA is super expensive!!!!
    3
  40279. Not many want to live in St Petersburg,. Not seeing that level of price reductions in SouthFla ….
    3
  40280.  @MichaelBordenaro  interesting, thanks!
    3
  40281. I understand city special assessments but HOA special assessments should never happen lots of BS
    3
  40282. Make your own food and coffee at home. Better for your health and less packaging for landfill.
    3
  40283. HOA from hell or a Country Club from hell; here is a real example of what rules a country club can have: "GOLFING DRESS CODE All persons using the golf course, practice tee, putting green, and other practice areas must wear appropriate golf attire, which includes shirts and shorts of a style that is designed for golf. Mock turtleneck, zipper front mock collar shirts and shorts with tailored cargo pockets, if designed for golf, are permitted. Ladies may wear collarless shirts as long as they are conservatively tailored. T-shirts and tank tops are not permitted, nor are denim, cutoffs, swimwear, athletic shorts, football jerseys, or any type of shirt with printed phrases or slogans. Shirts must be tucked in at all times while on the golf course or practice facilities. For both men and women, Bermuda shorts should be of conservative tailoring. Bermuda shorts with a 7-inch inseam and 18-inch out seam are proper, or preferably 3 inches above the center of the kneecap. Women may wear slacks at any time. Skirts are expected to be no higher than 4 inches above the top of the knee."
    3
  40284. I envy you, I love saltwater fishing and you are in paradise for me.
    3
  40285. Sadly I can’t afford a home for my family now. Interest rates way too high. I was a few months too late. It really sucks because I was looking forward to buying a home this year but that seems like it will never happen. Oh well. We’ll make do in the meantime. At least we have our health!
    3
  40286. Do you need to buy a Miami city sticker if parking a car on the street?
    3
  40287. Hi there, any tips for international people?
    3
  40288. Hey, thanks for the response, I live in the Caribbean, Trinidad and tobago, I would like to migrate, what would be a good reasonable rent for a single girl, like a studio apt, safe enough, I'm a personal trainer too, so I'm going to try and have clients and work around that environment, thx again 🤗🤗🤗
    3
  40289. Thank you so much for your info, sending universal love your way, this helps me figure what a budget should look like, thank you, aloha! 🤙🏻🏝🤗
    3
  40290. No deals at Toyota Dealerships........at least for any "desirable" car or truck...
    3
  40291. Great advice. I'm putting all the pieces of the puzzle together to get started to make investments in real estate maybe not now but in the future thank you for your help I really appreciate it
    3
  40292. Make Susie your building is in code compliance.
    3
  40293. Micheal, thanks for explaining the total cost of home ownership. Glad I not live in one of those top 5 states.
    3
  40294. That is strange to me too. And burning smell. Very interesting video! Wow!
    3
  40295. What do you do for a living?
    3
  40296. Ahh man Mike,I'm going to throw a party up here in ohio for you. A huge congratulations.
    3
  40297. Speaking of relaxing and catching some rays, when are you going to expand on your beach review series?
    3
  40298. Interesting idea, I'll consider it 👌
    3
  40299. What is also very interesting is the amount of Loan Modifications that are now coming up. Straggler sellers, buyers and refis. Very slow. Yet Time Shares are busy
    3
  40300. Thanks for the tips, very useful.
    3
  40301. We are having the same problem in Tennessee. You can’t even find a house so many people are moving here. My house sold in less than 24 hours.
    3
  40302. Watch the stock market crash when people have to give back all that borrowed money they put in stocks.
    3
  40303. Awwwwww!! LOVE your Dog! We had one that looked identical, unfortunately we lost her last May at only 10 years old. I’ve never been so close and had such a special bond with any other animal….. she was so special and my daughter was very close to her too, heartbroken 💔
    3
  40304. I lived in Florida for 6 years It is a very expensive place to live I owned my own home and still had to have an abundance of roommates to maintain my living conditions working for I fortune 500 company like Disney
    3
  40305.  @MichaelBordenaro  Yep, check it out now. I put a fresh coat of paint on it and started fleshing it out with some new content. Haven't had much traffic at all since I bought it, but its still made a handful of sales on amazon. Hopefully it will start to gain some traction soon as I've started putting up new informational content based on longtail keyword searches.
    3
  40306. Michael Bordenaro yep, acabado. Very fast and simple theme.
    3
  40307.  @MichaelBordenaro  funny. Just found it listed again on flippa. My turn? Haha
    3
  40308. Thank you Michael.
    3
  40309. two years ago you would be paying (almost)half the mortgage interest rate you are paying now. This means that for you to end up paying the same amount during the course of the life of a 30 year mortgage, the home prices should literally be (almost)half of what they were 2 years ago. Are the prices (almost)half of what they were 2 years ago?
    3
  40310. Unfortunately If you want accurate information you are going to have to pay for it and its extremely expensive. There are companies who specialize in statistics and track all title transfers for every real estate transaction across the United States on a weekly basis. They have decades of statistics. Builders use this information to help develop their business plan. Builders do not trust industry supported information and neither should you.
    3
  40311. @MichaelBordenaro  if you can on your way out or back home you should try to hit up Huntsville/ Madison AL. Top 3 growing cities. Tape from big spring park or the space museum grounds
    3
  40312. Happy birthday 🎈🎂🎊🎉 Lizzy.. Michael another great great vid. Please keep your vids coming. You have a way of explaining complex topics into an explanation that is comprehensible and easy to understand. What gift!! Thank you Michael and Lizzy.
    3
  40313. A lot of people are superficial and foolish.
    3
  40314. Agree, millions will have the opportunity to own a home this own nothing type of thing is pretty dangerous rhetoric. Surely it's going to be very, very hard to buy a home though, not like it use to be where you tour a few take a few days and offer 25k below asking and take it from there. I just wonder how people with no money at like 30 years old that are spending all their $ on lease and life will ever get a chance though, right now it does seem like massive up hill climb.
    3
  40315. OH NO THE CHECKS LOL XD soon as I heard you say them I was like nooooooooo noooo NOT THE CHECKS
    3
  40316. Potential buyers can actually get a "reverse mortgage" at the age of 55. PLUS - they are permitted to make mortgage payments at their convenience so they are building a reserve. What you just shared is almost 100% correct- but not exactly. Remember the US Federal Government is the insurer of your reverse mortgage IF you are 62 or older. So where is the scam???
    3
  40317. It's called Socialism, ever heard of it?
    3
  40318. Congrats on hitting 50k subs🎉
    3
  40319. Before I even click the link...that's either Surfside or Sunny Isles Beach lol
    3
  40320. Great video Michael
    3
  40321. I agree with all you said, however, if rates go up to 10%, there is no point buying even with lower prices, because monthly payments will be about the same it was before. Affordability is the key factor here. Thoughts?
    3
  40322. People are buying houses that are ready to move into right now. They are not buying the projects.
    3
  40323. Social Security is effectively bankrupt from politicians "borrowing" from it. With inflation, social security will end up paying for one load of groceries. You can't count on social security if you plan to retire. Pensions will be cut or diluted with inflation also.
    3
  40324. 👋
    3
  40325. AOB’s need to go away for sure.
    3
  40326. can you add a link to the over valued map please? Would love to see what North Idaho is over valued by!
    3
  40327. Why do you refer to Case/Shiller as a median price? Case/Shiller has nothing to do with median prices. Median price is determined by listing all sold prices from low to high and picking the number in the middle. Since more sales in the high end will raise the median and more sales in the low end will lower the median, the median price does not reflect whether prices are rising or falling as a lot of people erroneously believe. From history, I believe the median price will rise (like in 2007) just as real prices begin to fall. My theory is that when prices start to fall, the sellers of higher end properties know they have more to lose if they don't cut their price and get it sold (ex. 10% of $300K is a $30K loss, whereas 10% of $3M is a $300K loss ), so more houses sell at the high end than the low end, causing a rise in the median. The way Case/Shiller works is they take a house that was sold at one time and compare it to another house sold at another time, both in the same location and of same size amenities and features. Case/Shiller is the best indicator of house price trends; median prices are the worst. Stop using the median prices to determine the direction of house prices. Here is a little experiment I want you to do. In the crash of 07/08, compare the peak and bottom of the median sold price to the peak and bottom of Case/Shiller and you will see that Case/Shiller peaked in Q2 of 2006 and bottomed in Q1 of 2012, while the median peaked in Q1 of 2007 and bottomed in 2009. The numbers are way off. If you followed the median and bought a house in 2009, you would have had to endure 3 more years of negative equity.
    3
  40328.  @MichaelBordenaro  Thanks. I am really enjoying these videos and your area of expertise. My house in Newport Beach is literally packed. You are spot on about pros and cons of California. I am from IL too so my mental health with good westher is so important which is why I moved at 18. My heart is in Sunny Isles for at least a vacation property and plan on buying in 6 months. We know that area and Aventura very well. We definitely want to work with you as our agent soon. .Thx!
    3
  40329. No AI here 😁
    3
  40330. Great video, Michael!!!
    3
  40331. Software engineer for USBank and we make application for MLO to serve the mortgage and auto loan payments. Internal talk says, we are bracing for a crisis within next 2 years.
    3
  40332. cost of living is cheap in OKlahoma,, I live here,, he probably runs to the Dr for every sneeze eating up his ins.. or he has a huge house and car payment/ golf course/club fees. My parents are old,, they live fine off of theirs ss $
    3
  40333. Hey Michael would you please send me the link on this condo thanks pal.
    3
  40334. Realtor's will probably sell the houses as great fixer uppers. 👎
    3
  40335. THE BIG ONE IS COMING.
    3
  40336. Fear of missing out (FOMO) is essentially the opposite of buyers remorse.
    3
  40337. FL east coast, north of WPB, 2/3 2000sf single-family home, built in 1957, 3 miles from the beach: property insurance = $450/yr, that's full coverage + $1 million liability, but no windstorm (hurricane) coverage (that would have added $1200 to the annual premium). Price has stayed level since a purchased the policy. Five years ago, when I first started to look for property insurance, only one insurance company would sell me a policy. That was because I had an old Federal Pacific electric panel in the house. I've since replaced it. Only this one company would sell a property insurance policy for another 1000sf single-family 1-story property I own as a weekend get-away, right on A1A directly across the street from the beach, but first they sent an inspector and required me to get a certified professional engineer attest to the structural integrity of the building and roof. $450/yr full coverage, $1 million liability, no windstorm coverage. Price has stayed level for five years.
    3
  40338. I moved to Tampa from Detroit. Insurance in MI is some of the highest in the country so Tampa has actually been a bit cheaper believe it or not.
    3
  40339.  @MichaelBordenaro  Yes that and the fact that most people drive without insurance because it is so expensive. Which further drives the costs up for other people creating a vicious cycle.
    3
  40340. Summarized Perfectly! The only certainty is the immediate future doesn’t look good.
    3
  40341. Or you can't get insurance. If you want a mortgage you need home owners insurance, but insurers are backing out of Florida which means no hurricane insurance and a total loss of all your money if you get wiped out by a storm. They won't insure if the roof is 15 years old regardless, if you have polyethylene piping or cast iron to the street they will not give flood insurance, and in general you have to have separate insurance to cover for storms at thousands of dollars in cost.
    3
  40342. Btw you could still model you are a handsome guy! You aren’t lazy you were just uninspired. What is your sign ?
    3
  40343. I got a VA loan as a custodian/janitor to buy a manufactured home Back in 2014 and had plumbing damage from the home itself out to the street which cost me $7500.00 to fix that I was not expecting to pay when I bought my Home back in 2014. They had to dig up the ground and replace the plumbing from the home out to the street. Had I not been able to get two different loans back then to pay for the work to be done, they could have condemned the home.
    3
  40344.  @MichaelBordenaro  I guess I will buy a kayak when I get there. Row Row Row your boat. te-he.
    3
  40345. What about medical/dental expenses? you didn't mention them at all?... or am i missing something here...
    3
  40346. With the comment about people comparing the traffic in miami to nyc/LA - i agree they may not live in miami but it also shows how little they know about NYC LA traffic (and haven't lived there), because at that those are two totally different "bad traffic" situations (very long standstill hours on freeways vs very slow backed up blocks or zipping and haulting to a break).
    3
  40347. Alligator infested canals? 😳
    3
  40348. Great idea! love your videos, keep pumping out great content!
    3
  40349.  @MichaelBordenaro  that's a myth... I am from the deep south and a "minority" and our entire family have been Republican for years..."minorities" are all democrats - simply is not true - we have lived off the land- run businesses- love guns and hate big government, too! Mass media has done a superb job miseducating ...eventhough the math simply doesn't make sense- I have heard so many incorrectly say "Blacks got Obama elected" ...HOW? Black Americans only make up 15% of the US population? So if all 100% (meaning ever Black person in America voted) for Obama...that is not enough to elect a president...who elected Obama? non-whites (the majority)
    3
  40350. I love how Michael sees through all the BS and says it as it is. Greetings from the UK.
    3
  40351. See Core Logic, Black Knight, Select Portfolio Services....er.
    3
  40352. Nice video. Scenery is so clear & crisp
    3
  40353. It seems the serf/lords US is on its way. The cash on sidelines will continue to scoop up homes & even if we c a slow down in mortgages there r lots who don’t need one while supply remains in crisis mode & demand for yield rising I can’t c this settling down right away
    3
  40354. I am a 6 month resident of Florida in a place mid way between Tampa and Orlando called Winter Haven. The other 6 months is spent in Ontario, Canada. If we could we would live there full time in a heart beat. We love it there. We own a double wide manufactured home and lease the lot. It is a gated community with 2 pools, an 18 hole golf course as well as tennis courts. I have an online business that I can do anywhere there is an internet connection. As I said we can't wait to get back there in the fall. To me, it is like being on vacation for 6 months a year. I love warm and friendly and that is what Florida is!
    3
  40355.  @MichaelBordenaro  sure is, I got family over there who tell me it snows where they live.
    3
  40356.  @MichaelBordenaro  I actually live in Little Havana.I remember going to the Theater there on Normandy Isle. Maybe it’s time to start revisiting North Beach.
    3
  40357.  @MichaelBordenaro  Awesome. Can you suggest any restaurants up there I can take my girlfriend to? I remember LaVaca or was it La Vacita?
    3
  40358. Yep they’re trapped!!
    3
  40359. Always enjoy your video because it is right on point and succinct.
    3
  40360. Question! I am planning on selling my home in Bend Oregon and moving to Florida with my small children. I like med-small towns close to the ocean.I will be visiting St Augustine soon what would you suggest?
    3
  40361. This is unappealing to me...badly designed, poor imagination (1st shown apt, that is), bad natural light 💡 and no Fung shui. Second is better. That said, is the neighborhood ok? Drawback with no washer/dryer. Last one best deal under $200,000 but again...what’s the neighborhood like? Safe? What’s included? Internet maybe? Pool is great 👍🏼 Pets?
    3
  40362. Love these videos...its seems they fly by so glad much more on the way! Also I have some friends that relocated to Port Orange from Ohio and they love it.......close enough to the action of Daytona but far enough away to enjoy the family lifestyle! Very affordable even in these times too!
    3
  40363. The Villages next!!!
    3
  40364. Hi, what websites are the best for searching apartments for rent in florida
    3
  40365.  @MichaelBordenaro  thanks a lot : )
    3
  40366. Thanks Michael
    3
  40367. lol @ "investments into my wardrobe."
    3
  40368. Lmfao idk why people think differently anyways. Smh
    3
  40369. It’s because of the political BS that’s going on! Florida represents freedom! People are trying to get out of the states where the people don’t have any say or control over their own lives. Of course not everybody.
    3
  40370. Inventory pilling up at balloon prices. I've this in the past. More often than not does not end well.
    3
  40371. Debt to income = piti. Principal, interest , taxes and insurance. You have front end and back end DTI. 2000 a month would only be mortgage without the rest of the payment in most instances
    3
  40372. U can always trust the pride of ownership of a homeowner if they own A WEBER 🔥 🥩
    3
  40373. I watch because I want to see if others are seeing what I’m seeing. I want to make sure I’m not seeing something that is not. Apparently I am not! Thanks for bringing to light reality.
    3
  40374. Where do you recommend finding a real estate agent at no cost of us?
    3
  40375. Great video—thanks!
    3
  40376. Absolutely LOVE Juno Beach! We did a video there and met some really cool people that ended up sharing a cool story with us while fiming. One of the most beautiful beaches I have ever seen!
    3
  40377. I think the idea that you won't spend as much money in retirement comes from the idea that you'll likely or more like hopefully will have your mortgage paid off by then, but with inflation every year that gap will still probably close pretty quickly
    3
  40378. Hi Mike 😊 Two things... (1) Titusville=Bogo margaritas, so 🥳🥳🥳 and (2) especially like when you mix it up and offer both short and long vlogs, ty! Have as great day!
    3
  40379. These people are desperate and crazy!
    3
  40380. The best restaurant are the ones that are not luxurious. The small places are best food and cheap.
    3
  40381. That house at 13:52 is sketchy to say the least and $425k is laughable!
    3
  40382. Recession it is going to be a Depression.:hand-orange-covering-eyes:
    3
  40383. Im trying to buy a duplex in lauderhill i want to start to build a portfolio and im already pre-qualified maybe you know more about this area im looking for the best bang for my buck and get the most cash flow. I will like to work with someone like you and knows about rental investing, BRRRR etc....
    3
  40384. The government and Federal Reserve used interest rates to boost asset prices for the rich and well off and drove property prices in the stratosphere. This is why Cathie Wood is posting 45 minute videos of her having a panic attack as she tries to convince her investors to stick it out with her and not pull out what is left in her ETF. We don’t have a real economy anymore. We just have monster bubbles.
    3
  40385. Wow that’s quite a storm, stay safe!
    3
  40386.  @MichaelBordenaro  sheesh, didn’t even know. 😱
    3
  40387. How much in advance do you reserve your hotel? I visited Fort Lauderdale/Dania/Hollywood last weekend without reservations and many hotels had no vacancies. The first place I reserved was a hostel in Dania for $89 and was too gross to stay the night, so I walked up the street to a nearby motel and had to stand under their awning for 45 minutes until someone that had reserved their room didn't show up. Ended up paying $145 for that space and then the second night at another hotel I paid $289 and was the cheapest I could find.
    3
  40388. what do you think of fort lauderdale
    3
  40389. I bet ocean front houses insurance will be subsidized??
    3
  40390. Congratulations! Good for you sticking it out to stay in Miami. I love Miami. It would be great to see remodeling videos!
    3
  40391. Hey it says bonus, is $$ bonus acquired from Referral withdrawable?
    3
  40392.  @MichaelBordenaro  thanks
    3
  40393. nice1
    3
  40394. Hey Michael! I guess we have similar path. I am also 35 and moved from Russia to United States also 15 years ago, when I was only 19! Although I was never a model and don’t have your physique:) I can still relate. I am also interested in real estate and even almost became a realtor once!
    3
  40395. Hey home come you don’t have a homestead? And too that point. It’s my understanding that if you do not your taxes cannot exceed 10%. But with it is only 3%. Can you offer more insight ?
    3
  40396. Nice video. will be there end of May
    3
  40397. I'm in Bonita Springs FL in a condo on the top 2nd floor and I'm paranoid now. I can't imagine how distraught I'd be if I were higher. I'm sorry you have to deal with this and I think it's all a normal reaction to be consumed by it right now. I live about 5 miles from the beach here, but I have lived on the beach in Jamaica for a number of years. I've seen many structures there that were not maintained because of economic reasons, but as far as I know, nothing like this ever happened. I'm not saying letting maintenance go doesn't matter, but I don't think that alone would cause this. If that were true, we'd have seen it happen much more. I think ( naturally) we are focusing on the building, but not the ground it's on. I'm not a total leftie who can't step on an ant, but I believe the scientist as far as sea levels rising and the combination of that and the limestone underground plays a huge factor in this. I hate to sound like an alarmist, but to me, knowing this makes me think all of those properties are at risk. Will even a well maintained building fail on this kind of ground with the changes going on underneath that we can't see? Are our egos too big to admit we're wrong? I certainly wouldn't blame you if you moved sooner than later. PTSD is effecting especially those closer and it might be easier to just move. Thanks for sharing your personal thoughts. I hope you feel better soon. 💚
    3
  40398. Travis move to Florida.
    3
  40399. Who is going to purchase these homes???? With the amount of job losses in the white collar sector and foreclosures which are about to hit the market. The banks about to go out of business, recession expected to last for god knows how long??? It is easier to stay at moms and pops house. Their house is usually paid off, so just bills no mortgage. With the money you save you can add an addition and live like kings. Stick around long enough and the home and property remain in the family. This is what is called generational wealth. I don’t understand why anyone would sell a property which is paid off???? Whatever you loss in the long run.
    3
  40400. Michael,I monetize your channel in an unorthodox way,let me explain.when I watch your channel and no commercials come up, I click it off and go back to your channel till a commercial comes on and watch it in completion.that is how I monetize my favorite channel.😊😃👍
    3
  40401. Just in case anyone is confused, Bob's is not the furniture store.
    3
  40402. Would you say that southern Florida and Hawaii are the only two places in the United States with tropical weather year round?
    3
  40403. It’s a good meditation video too, the sound of the waves is very relaxing 😌
    3
  40404. Michael Bordenaro oh yes 😍
    3
  40405. Great info!!!
    3
  40406. What part of Miami is safe ,north or south?🇺🇸
    3
  40407. It's really disgusting how we are allowing ourselves to feel like we are lucky to be getting crumbs of food and need to forgo everything in order to make sure we can feed ourselves and our families. We are sounding like a third world country! If you need to give up anything, give up Amazon, give up donating to bogus political causes, give up donating to "climate change" (the biggest scam), but for crying out loud, don't give up your freedoms and don't stop living!!!!
    3
  40408.  @MichaelBordenaro  if I had the money, I wouldn’t of! Lol
    3
  40409. I personally kinda like how this video was shot with the sun setting in the background. Looks nice.
    3
  40410. 🍀👍🍀🤔🏡
    3
  40411. Hey Michael: Do this please, if you can. 1] What did it close at $? {How many reductions did it take to sell?} 2] Is it a buyer who plans on "living in it [wink, wink] ?
    3
  40412.  @MichaelBordenaro  I honestly believe if the homes don't sell people might lower a little more but they will eventually just pull off the market, they will only sell for a major profit or sit tight, which equals more renting
    3
  40413.  @MichaelBordenaro  lol, I typed my comment BEFORE I saw your comment about the mosquitoes 😂. Alligator Alley was terrible...our clothes became black from the number of bugs that landed on us as soon as we exited our car!!🦟No exaggeration!!
    3
  40414. Thanks for the information! That's why we need government-issued digital vector currency. By vector currency, I mean currency which tracks transactions and works with a database. I would think that title insurance should cover this if all else fails. I'm thinking that title insurance would cover the property owner long after they acquire the property? This is also an example of the dangers of excessive insistence on privacy and "keeping government out of my business" . Government can be your friend. This all makes me wonder why we're so insistent on protecting criminals?
    3
  40415. Congratulations Michael !
    3
  40416. Why not be patient you ask? We are tired of waiting for years on end "for the market to improve" enough is enough! What if the rates continue to go up? Life goes on! We can't wait forever!
    3
  40417. This is way worse than 2008. This is closer to WW2 and the holocaust. Way worse and global.
    3
  40418. House prices going back up to see who will panic buy 😂 it always happens right before the big kapoonga to see who they can sike out. What you do is say, what can i afford to buy? If you work hard and all you can buy is a piece of shxt, you know house prices are too high. Stop choking 🐯🐭
    3
  40419. Yes indeed. It's so expensive. However people up north sell houses cash and buy here
    3
  40420. Government manipulation is ruining lives!
    3
  40421. ​ @MichaelBordenaro  Yes I agree should you discuss how you first came to your first 20% back when you landed your 1st rental property. Perhaps discuss if not in Florida, local hustles that can generate cash for time best managed until the moment comes to pass. What a slow journey it's been for me...In fact, You'd be, for a great few of us pursuing the 1st rental property, celebrity REI coach for your followers (que the meme! https://youtu.be/B4ojGuA33X4?t=286).
    3
  40422. Government will never implement a “rent control law” because let’s be real secretly, they are landlords too very quietly landlords. Why would they add rent control laws and tap into their own profits?!
    3
  40423. Mike: If this is too political a comment, my apologies. When transportation moved from horse and buggy to cars in the early 20th century it was the capitalist system that determined how quickly cars and gas stations to fuel them became more prevalent. Now you have a bunch of social/economic/environmentalist warriors who think they can mold the American economy by government edict and fit it into their ideological construct. They are no different than historical communists who thought government bureaucrats and party ideologues could decide how an economy should work. The U.S.S.R. tried a planned economy it and failed miserably. So will the 21st century american "save the planet" ideologue! btw: I love electric cars, but let the capitalist system work its magic. (And don't reply with typical anti-capitalist knee jerk reactions. They don't work on me)
    3
  40424. I lived close to cemetery, grey sky all time, drinking morning coffee I was reminded how it all will end... I lived 2 years there and there is no more joy in my soul anymore... It sucked up all feelings like fear etc. I become a machine. Only greed was left.
    3
  40425. Can you let me know the brand of your sunglasses ?
    3
  40426. I like your videos, Michael. You always do a thorough job. What do you think about Sarasota?
    3
  40427. Great job, such a genuine person it makes you a natural in an interview. 👏👏👏
    3
  40428. Today is different in that society is much more mobile and therefore have wider options regarding where they want to buy a home. So while there may be a lot of vacant homes in the United States, those homes aren’t sitting where people want to live. If there’s 10,000 vacant homes in Detroit (I’m making up a number as an example) how does that match up with 10,000 potential homebuyers who all want to live in Florida? It simply does not. The shortage is very real when factoring in population migration. You could see the same phenomenon with retail space, office space, land, etc. if there’s plenty, in aggregate, when looking across the entire country, but there’s relatively little in the places where people are moving and want to start businesses, then there’s a shortage. We never seem to have a problem justifying the higher cost of beachfront land, because in that case we readily recognize that there’s only so much of it and they aren’t making more. The same holds true now for whole geographic areas (Florida being the prime example). Society’s mobility has highlighted that there’s only so many homes in the places people are moving to, and therefore, in those places, which is the important observation, there’s a very real shortage. Otherwise prices would not have shot up as they did.
    3
  40429. Question will Biden fire Powel think about it have a nice weekend from Europe. What do you think of zero inflation?
    3
  40430. I must disagree with you on your comment that marriage is just a piece of paper. Marriage gives your significant other rights and security which that person would not have otherwise. I think it is a public and legal expression of your commitment to that person you love. Just a thought from a retired CPA.
    3
  40431. Michael awesome hike through the Redwoods, so peaceful, tranquil, and beautiful. You just added to my bucket list. I already have San Francisco on the list, got to do these trees while I'm out there. When I saw the Grand Canyon for the first time, it brought tears to my eyes. If I see one of these redwoods that you can drive a car through, I probably fall to my knees. I saw a video on how the Lake Meade and the water at Hoover Dam looks to be almost gone. It is beautiful out there. We have to enjoy and try to restore these places. Your videos do inspire. Thanks for taking us along. I bet the smell of the wood is wonderful. Hopefully more people get involved to save the nature of our beautiful blue marble and all the little creatures it contains. Including us.
    3
  40432. Del taco is opening port orange FL. I hope it's good and cheap.
    3
  40433. Great video and commentary ...how much is your favourite home? Looks more than 1.5 million
    3
  40434.  @jpack85  and that it is
    3
  40435. Prices continue to rise but income has stayed the same. That's the real problem. Deflate the currency, lower taxes, or increase wages; otherwise we are entering a major recession (or worse).
    3
  40436. My sister had her wedding in 2011 in downtown San Diego, and it was beautiful there. We went back there in 2016, stayed at a fancy hotel, but about 4 am police started to wake up the homeless people, the noise was terrible.,, I would not want to witness that every day…
    3
  40437. I prefer the panhandle beaches over the Atlantic and gulf beaches. Usually less crowded. Fort Walton use to be a sleepy little area but is a much more tourist area now.
    3
  40438. Keep safe Michael.
    3
  40439. Prices in Miami are up again especially the nice neighborhoods like Weston.
    3
  40440. Hi Michael. Great video. I have a question about co-ops. What are the pros and cons? If a real estate transaction is a cash purchase can they deny your admittance into the co-op?
    3
  40441. Hi live on the west coast of Florida and love it. I grew up in different areas of Florida. Another thing people need to know is that there is an invasion of snow birds, tourists, etc. during high season and you cannot get into a restaurant during that winter season. If you don't want to cook for yourself during the season, don't move to Florida.
    3
  40442. Rome is burning 🔥🔥🔥
    3
  40443. You have the beach - i have the snow :-) here is winter in winter :-) actually about 40cm cover of snow and -7 degrees in the day and at nights about ca. -20 degrees. i love winter in winter :-) Love and greetings from the Teutoburger Forest in the north of Germany!!!
    3
  40444. Hey Michael, love the videos. Wanted to ask what dashcam are you using? That footage is insanely clear
    3
  40445. I've been binge watching your videos. It's almost like you're speaking right to me and convincing me to make the move to Florida!
    3
  40446. I was originally thinking Naples but it's a bit of an older crowd so I definitely want to check out St Augustine
    3
  40447. The Panhandle of Florida,would be nice to hear your thoughts. Thanks!
    3
  40448. Lower price with tad higher interest rates gives you more money to put down on loan to pay less interest, make extra principal and escrow payment on monthly payment when possible! Easy peasy if you want to do it! Put down the beer cans and the weed joints and use common sense folks
    3
  40449. Thx a lot
    3
  40450.  @MichaelBordenaro  actually I was thinking to purchase an app , but wasn’t sure but yes I might do a deep research about it
    3
  40451. The Gulf coast has nicer beaches and aqua blue water but Hurricanes seem to love that side of the state
    3
  40452. That’s true but people have had to vacate condos in other buildings as well since the collapse.
    3
  40453. I loved that there were no high rise condos and hotels on the beach, just natural landscape. The mangroves and sea grape leave (?) were so pretty. The ocean was a gorgeous color but prefer white sand. It looked windy. Does the east coast side get a lot of wind?
    3
  40454.  @MichaelBordenaro I know the wind is a warm wind, which isn't as bad as cold wind. I'm not a fan of wind. I lived in Misery, I mean Missouri for a bit of time and didn't like the wind. Do you think I will feel the same effects on the east coast of Florida? Does that make sense? Thanks!
    3
  40455. High growth always leads to higher costs Wanted to buy a condo down there since 20 but held off because I could see this stuff coming.
    3
  40456. If housing is a human right, then it should (continue to) be subsidized by the taxpayers, not the private landlords.
    3
  40457. I am in total agreement.
    3
  40458. Hey sorry me again. Yeah I forgot to mention Sarasota. To my understanding it is one of the few counties in florida or in really many states that one can build a tiny home. I learned about this years ago and said watch that is going to be a hot spot for young families and people.
    3
  40459. I lived in Ohio for over 37 years so I concur. Winter SUCKS.
    3
  40460. Isn't that what appraisals are for to avoid overvaluing properties?
    3
  40461. Credit will dry up the first few months of 2024. Credit cards, ReFis just like u said. I expect layoffs will increase4 especially for those jobs that primary consist of paper shuffling and zoom calls. Auto loans will continue to see an up tick in defaults. I see lots of activity in Christmas spending in my area. The mall is crowded. I suspect its doom spending. I also think people are clueless of what is about to happen in 2024 as far as the economy goes. Skilled workers will manage the storm. Nurses, plumbers ect. Continue to save cash, gold, and build up assets that you can tap. Good Luck
    3
  40462.  @MichaelBordenaro  thanks for getting back to me Michael. I really don't follow many people, perhaps two others, I usually discover them accidentally as I did you, and was immediately interested in your words. Like you, I realized a long time ago there is no one person or source for that matter with the magic answer, it's a combination of pieces of knowledge and inspiration here and there. It's important to never stop growing. Though I wrote and recorded and got published 5 songs 30 years ago, I stopped for many years . I started writing again a few years back and was lousy, and I've seen it develop and I'm ready to publish two little books soon hopefully. I also started drawing last year and also it has developed and greatly improved and I have sold about 10 works in the last 2 months. I still struggle financially because I've been sick for 15 years with post-polio syndrome and that has been a great challenge and I have been unable to work. But, you never know what lies ahead and a lot of it is due to the creativity that I develop in isolation. Sorry to ramble. Anyway, thanks for what you do and will continue watching and will try to contribute here and there when able.
    3
  40463. Nice review buddy! More reviews please.
    3
  40464. all state Bubble n Bubble..
    3
  40465. Great topics discussed. True happiness comes from within. Btw, nice t-shirt Michael! 😆🤟🏾
    3
  40466. Michael Bordenaro Awesome, you have a great perspective on this. The shirt showed enough for me to notice one of my fav bands on it! 😁
    3
  40467. Good video lifelong Floridian here :)
    3
  40468. Keep up the great work Michael, I appreciate your videos and all the insight you give on Miami Beach. I will be down there in 2021 to make some videos! Happy Holidays.
    3
  40469.  @Lisithedogwalker  thanks you too
    3
  40470. The host is so nice looking! The advice he gives is good as well. 😊
    3
  40471. There is ton of beaches or furthe north you go up you get the natural springs which in my opinion is more beautiful then the springs
    3
  40472. I would love to live in Orlando florida
    3
  40473. Beautiful sunset, Michael. But how do you walk down the mountain after it gets dark? 😳
    3
  40474. This seems to contradict what the investigative journalists on public radio's REVEAL program reported. The moratorium had so many holes in it, and many people were in fact being evicted. Now the moratorium is weaker, and the Supreme Court will probably overrule it: they said they would. The separate but related issue is how this country has been tearing down public housing since the 90's. I saw it in San Francisco. I saw in Los Angeles,. I saw it in Tampa. We're taking the poorest workers and making their situation more precarious; we're taking low-wage or moderate wage workers and doing the same because their wages can't keep up with rising rental costs - all because housing has become the monopoly of private investors. Whether I have housing or not should not be the sole discretion of private investors. We need more public housing which will house the poorest and cut into the market monopoly so low- and moderate-income earners can better afford the rents ... and you will get paid too.
    3
  40475.  @MichaelBordenaro  I don't know the age of the earlier commenter, but he/she should know Reagan slashed the HUD budget at a time when the whole economy was being financialized. This was supposed to drive more "customers" from the public to the private sector so interests like the real estate lobby would get rich[er]. If you're old enough like me you remember this cut in HUD began the homeless problem. It's not been fixed since then. The problem you're facing as an investor comes out of this government decision, in my opinion. It was to give you a guaranteed income, not give us guaranteed housing. Now the tide has turned. So whichever side of the political spectrum we're on, we need to press for rebuilding public housing. Not fighting with you. Just making my points. I appreciate your videos.
    3
  40476. Do both, scooter and walking.
    3
  40477. Do you have your camera on a robot skateboard or something? I see reflections in your sunglasses that kind of looks like that. I had a look at your list of equipment but it doesn't include whatever it is you use to keep the camera in front of you, I don't think. Just curious.
    3
  40478. Any room in your car? Me want to go too!
    3
  40479. And you can bet that they will cut entry level jobs first, effectively making it the nail in the hyperinflation coffin for many Americans
    3
  40480. 🙏🙏✨️🙏🙏🙏🙏
    3
  40481. My job could be working remotely. I am trying to figure out that should we move to Sarasota or West Palm Beach. I can't find any video clip for comparison.
    3
  40482. Same situation and same two choices, but i suspect WPB will be my final choice.
    3
  40483. Hi Michael I enjoy Your show as I am in australia and like the news as it follows over to here but here guys are Gold prospecting and still finding Gold so America is Full of it so go get it FREE.
    3
  40484. 10-15% Declines already started here in uk in some towns and cities over last few months and interest rates have not even rises that much 0.75% base rate BOE
    3
  40485. Correct yes I have a fixed rate but my property tax went up so did my house payment it was only 50 bucks but still I always like watching his videos so honest and great knowledge keep up the great work 👍
    3
  40486. What’s holding you back from getting a camper and just making seasonal trips out there? You could easily store the camper their and just fly out. There’s bound to be places you could store it. And that would let you circumvent their taxes.
    3
  40487. I like to know WHO pays $11000.00 per/month for rent. 🤔
    3
  40488. In Houston what you save on ur house payment ur be using that money for gas 🤣😂. Yes, let's get it solved Right now rather than later and suffer more.
    3
  40489.  @MichaelBordenaro  Look forward to seeing all your videos.
    3
  40490. Great video. Ty
    3
  40491. Keep the updates coming
    3
  40492. ​ @MichaelBordenaro  Hahaha, I really don't blame you there. None of my family is there anymore. It's not for everybody. but I am looking forward to the palm coast video! I'll get to reminisce a little bit from over here in Chicago.
    3
  40493. My first time driving on Daytona beach was 2014 with an ex gf the first time I lived in Florida for 6 months
    3
  40494. 1% down means nothing to the majority. 8% for mortgage rates that what people afford the monthly payment for a 400k home.
    3
  40495. I click the thumb nail, hit 'Like", then watch the video.
    3
  40496. Michael Bordenaro Me me me!!😜🐶🐾
    3
  40497. Ppp loans were done horribly
    3
  40498. I legit have felt the same exact way since the same age only it has taken me 20 years to realize I need to actually make the move from the northeast, but guess what ---> see you in FL next month! :) Thanks for the videos.
    3
  40499. Hopefully this one will help with your next car purchase but I had few Volvos throughout the years and nothing ever went wrong with these cars. It is run forever and except for the general wear and tear i never had any issues. Also these car extremely fast and technology advanced 👍🏻 Hope it helps
    3
  40500. House prices have gone up significantly all over the US though
    3
  40501. Insanity, insanity and more insanity! And it will all collapse! Out of control in some many aspects!! Very sad !
    3
  40502. Did you know the Fed made the value of your house go up?
    3
  40503. 🙏👍❤️
    3
  40504. OH my down in the 40s lol perfect
    3
  40505. Is there any extra things or if you just refer people you get 25. All the other apps have something you have to do extra. I'm still skeptical about this app/site.
    3
  40506. Homes selling at asking price is a big sign about where the market is heading seeing how homes were subject to bidding wars and selling over asking price just a few months ago.
    3
  40507. Gone are the days where the wives parents had to pay for the wedding. Today. Guys just have to pay for everything including the house.
    3
  40508. Yes for sure.. i am in market
    3
  40509. So beautiful ...thanks
    3
  40510. Merry Christmas and happy upcoming new year.
    3
  40511. I saw a listing just like that near where I live. Literal insanity. Bought for 500k-600k and tried to sell it after a cheap remodel for 1.2m+
    3
  40512. I've always thought this would happen with condos as they age.
    3
  40513. I would probs let buy, if I could. Better to own than rent, if it’s possible, especially in a great city like Miami, where values tend to increase.
    3
  40514. They need to definitely do more. I'm shocked by myself and I work in the engineering industry. Just amazing.
    3
  40515. I must have missed it. What are the possible scenarios where inventory will increase?
    3
  40516. 0:10 if that were my wife....I wouldn't care where we lived, 'cause anywhere with her has got to be heaven! 😗♥️
    3
  40517.  @MichaelBordenaro  🙂
    3
  40518. Hey man stop tempting even more people to m9ve here..lol
    3
  40519. Michael, if you need quiet take your walk on Beautiful North Bay Road. Maybe you have already been there, but since I have been watching your channel I have not seen you there. My second home was the 4600 Block of North Bay Road since so many of my childhood friends grew up there, and Your viewers will be impressed.... especially if you can point out where the Bee Gees Live/ Lived..!!! As always loved your content!! :)
    3
  40520. Do people really think the current stock market is due to everything being good? No it's because the institutions didn't believe that the fed was going to raise interest rates and the market sold off in 2022 without them being able to get their big money clients out. This stock market rally is being used to get all the institutional big money out while they take advantage of the retail stock market investors. Then when they get their valuable big money clients out, they will let this market go while the retail investors are left holding the bag. It's called a double top "M" formation and they occur at the top of every crash. Look at the psychology of a Market Cycle chart. We are at the complacency stage of that chart.
    3
  40521. Spend summer in Duluth Minnesota! I'm serious! Lake Superior is spectacular, the North woods are wonderful and the weather is like Miami in January!
    3
  40522. Your videos are very knowledgeable!
    3
  40523. Thank you for reporting how you see the RE market.
    3
  40524. Any advice? “My wife and I” and “if I can do it you can too” the unspoken or silent assumption about home buying is 2 adults/income earning potential, and yes of course singles are able to, but it’s mostly assumed there are 2
    3
  40525. That one on the natural beach is super cool. Unique for sure.
    3
  40526. 😁😁😁😁😁😁 Done that walk many X's. Watching my Green lawn turn Brown..
    3
  40527. Thank for pointing out what is happening to people that will not be able to afford housing: this is a better g worry!
    3
  40528. Delivery trucks parked in the middle of the road was a terrible practice...
    3
  40529. Thank you!☺️🙏 Gotta love this weather!😎
    3
  40530. Thank you for your content. Appreciate you taking the time
    3
  40531. You guys are my favorite 🤗 awesome that you're friends ❤️
    3
  40532. Michael, There's a LOT of money waiting to be spent on South Florida, cash buyers and strong financing buyers who I know personally. It's a small sample size, I know, but I really don't think values will fall in S. Fla by much. These are $500k to $1.5m buyers.
    3
  40533. Thank you for sharing.
    3
  40534. The main reason for long term no claims policy holders getting dropped is because their algorithm has flagged them as high risk . The logic is ok you’re due to have a claim within the next 120 days.
    3
  40535. I’m also a Miami vlogger. This year the weather was just right 🤙🏼
    3
  40536.  @MichaelBordenaro  thank you! I truly appreciate it 🙏🏼
    3
  40537. Michael, you should have your own radio show.🎤🎧😊😊
    3
  40538. I should have recommended Guanbanas and The Square Grouper, both very famous restaurants on the water right near the bridge over to Jupiter island. The Square Grouper is where the video for Allan Jackson’s It’s Five O’clock Somewhere was made. And both he and Jimmy Buffett have been known to drop in and play a set.
    3
  40539. Florida real estate will be affordable again when nobody will want it again. After the 2008 crash you could buy a house with a pool for a 100K in Florida.
    3
  40540. My interest is buying a home in Port St. Lucie Florida it seems to be a little cheaper than Fort Lauderdale Florida therefore I would say in Port St. Lucie it’s probably better to buy than rent. In Fort Lauderdale a single family dump will cost you 350,000 or more therefore you would have to invest more money so I think it is cheaper to rent in Fort Lauderdale that buy. What do you think?
    3
  40541. If you get back to Ocala, you should visit Silver Springs, one of the original tourist attractions before Disney. Also the Appleton Museum is something you'd expect in a much larger city. There's Fort King, a National Historic Landmark. A lot of neat old Victorian style homes along Fort King Street. The downtown plaza really gets done up nicely for Christmas. If you visit Gainesville, drive up US 441. Very scenical with several old Florida towns, including Micanopy where they filmed the movie 'Doc Hollywood'.
    3
  40542.  @MichaelBordenaro  BTW I do appreciate you being one of the few bringing up that cutting interest rates signals massive problems ahead. Tbh, you could do a whole video on that.
    3
  40543. Thanks!
    3
  40544. I just love your channel and you keeping us up to date with things going on ♥️🙏🏼👏🏼
    3
  40545. Who really has the kind of money to rent a place for $25,000.00.
    3
  40546. The rent is too damn high!
    3
  40547. A report just out said 49 percent of the population is having g trouble making rent
    3
  40548. I don't think I would become too lazy in Florida, if I miss a few days of good weather due to working a longer day I won't lament that like I do now in Ohio. The average annual number of sunny days in my hometown: 165. Average in my target area of Tampa Bay: 240, that's 2 1/2 months more of sunshine. I can work more to get further ahead and still have more good weather days than I would know what to do with :)
    3
  40549. The three times I’ve used Air BnB in Miami, I had no WiFI and no hot water, and the owners always said “Oh yeah it works. You must be doing something wrong.” Then, they would want a screenshot of my phone or iPad to show them there was no WiFi like I had to do something besides put in the WiFi password. I stopped using Air BnB after that.
    3
  40550. Glad you both had a good time for your birthday
    3
  40551. I love your content. Great videos. Keep it coming. If you ever run out of areas to video, start filming in Hialeah. I’m sure your subscriber count will increase. 🎉
    3
  40552. Hi Michael, Here’s a question for you. I use to live in Ft Lauderdale. I’m on a fixed income. I desperately want to move back to Fl. What can you fine for me in the price range of 6 hundred a month? Even a nice Mobil home. I know this sounds so unrealistic but since you are a realtor and you would have access to different properties I really hoping you can look for something. I’m alone so one bedrm is fine.. Thanks for your time.
    3
  40553. That's about right in Florida. Every single home that's on the market they all have a whopping at least $150K profit or more !
    3
  40554.  @MichaelBordenaro  1.1K a month ? That's a lot
    3
  40555. First
    3
  40556. This is not criticism, just trying to help. You started on Anastasia Island. Technically in a sub-division called Davis Shores. St Augustine Beach is a city on Anastasia Island about 5 miles from the Bridge of Lions. Anastasia Island is about 15 miles long and about 5 miles at it's widest point.
    3
  40557. In Paradise, Ca. where we had the fire (Camp Fire) which burned the city of 12,000 homes and killed 87 people, the people that were burned out were being kicked off their own property unless they paid a fee to the city. Even if they had an RV or camper to stay in temporarily, they were evicted by code enforcement driving people to pitch a tent and stay in a local Walmart parking lot. Home prices in Northern California were selling above asking prices with bids of $50,000 above asking price.
    3
  40558. just waiting on the election results to sell my properties and LEAVE
    3
  40559. Could the rates stay steady for a while, what affect would that have if they stayed steady for like a year or so? Also, where are people getting all this money for cash purchases when the prices are so high too? Is it from the sale of their own homes? Stock market? Prices are so high but then there are more and more cash purchases!
    3
  40560. gorgeous!
    3
  40561. California is like two different states Northern & Southern. Try Northern California there is less people & still have the ocean. It sounds like you prefer the Southern California beat.
    3
  40562. Yes on the live stream and video!
    3
  40563. Hey I live in Southern Illinois 😊
    3
  40564. There are quite a few scams out there, thanks for sharing and keeping our viewers informed. It's important for us all to band together to keep our clients safe. Great job Michael!
    3
  40565. How are Melbourne and Melbourne Beach??
    3
  40566. Yes, please show us San Francisco while you're there if you have the time. Thanks.
    3
  40567. Love the Lemmy statue!
    3
  40568. Don't forget that because of the laws in FL, insurance companies are leaving. So many people's insurance rates have doubled, and some people are having to go with the state insurance plan. I don't think most people can afford the high rates, and the fair plan will be crippled. I wonder how long some houses will end up sitting on the market because of it.
    3
  40569. Own home in wesr kendall, have insurance but dropped wind...it went through andrew. But still 2800. On federal canal so have flood of course. Want 8000+ with wind. The 3 years saved can replace roof Love Miami!
    3
  40570. Good video. Thanks
    3
  40571. Thanks for this great info & for getting out & about!
    3
  40572. You are right about that Craigslist thing. It's the case in other states too beyond FL.
    3
  40573. Miami is a Boomer retirement market. Millenials and Gen Z locals will have to move somewhere else.
    3
  40574. I was looking to you latest video just now and boom, it’s like you read my mind! Thanks Michael, your insight has been a guiding light over the last year.
    3
  40575. Great video !!
    3
  40576. Would like to live here.🦋
    3
  40577. Should've bought Toyota
    3
  40578. Your voice is my favorite sound. THANK for the video. I do appreciate it 🌻😊
    3
  40579. When you come here to SF please visit some of wonderful neighborhoods and the golden gate park. Please don't just outrage farm downtown.
    3
  40580. Never buy a house without checking it out in person. I remember when I was looking. The pictures showed a wonderful area and beautiful house. So I vist yes the area was great. Now I step into the house it was a shell!!!. Everything gutted. The pictures must of been taken years go. A lot a realtors where trying to pressure us to buy. I almost fell for it but I stood my ground the house I really want at the right price and Not wave inspection. Remote work is messing up the economy I seen business close over it. The lunch crowd is just not there. At the same times especially in some of these cities they have to do something about the crime. Letting criminals out is messing up cities like NY. I don't feel safe going to work and being at work. I need to make that money.
    3
  40581. Congrats Michael - I will be moving back soon to West Hollywood! No humidity
    3
  40582. Hi Michael. Thank you for sharing your advice on short and long term rentals. I am an airbnb host up in NYC and i would like to continue doing it in FL. Do you know if the landlords on 2-3 br houses would be open to arbitrage leases? Meaning... would they let me lease it for long term price and then furnish it and use it as a vacation rental ( airbnb, vrbo... etc) . I am open to use one bedroom for myself and other 2 for airbnb.
    3
  40583. My daughter where she lives , it's so expensive ( in my own opinion ) , she could buy a brand new home, for $250,000 and have smaller house payments. It's Expensive living in New York State.
    3
  40584. Review Deerfield beach and the vibe of the surf shops and restaurants and pier and the volleyball nets north of the pier. That would be a great one for your audience to see. And if you don’t mind traveling a ways, check out Blowing Rocks beach up in Jupiter. (Careful with taking sand off some beaches, it’s illegal in some places in Florida.)
    3
  40585. The old cliche' "location, location location" still applies, IMO. If the recession gets really bad most job opportunities will retreat to the largest population centers. No land left there. I hope someday we can restructure our economy and work culture so people truly can work from anywhere but I don't think we're there yet, sadly.
    3
  40586.  @MichaelBordenaro  oh no doubt. But Flagler Beach is a small town with limited resources and tax income, so the bounce back takes a lot longer. If you haven’t already, take a look at the aftermath from Hurricane Matthew here. Luckily the state footed most of the bill since it’s a state road. And the states fix for the beaches were to pile rocks where the dunes were. Pathetic lol
    3
  40587. Hello Michael Bordenaro, how you doing?.. I'm planning to move to Florida someday next year around June or July I'm not sure if I wanna buy or rent since I've been renting all my life in Brooklyn New York but I want something different the older i get and I'm getting tired of the cold weather here in New York. I don't wanna live near water and I definitely don't wanna live in Miami more like around Saint Aventura or Jacksonville but I would have to take a trip out there to see where I would like to move since I've only been to Miami Florida in 1997 and it was like for a week. I don't have kids and is just myself and my husband but eventually my parents will be traveling back and forth from New York to Florida so I'm going to need an apartment or a house of 2 bedrooms and 2 bathrooms bcus I'm tired of sharing 1 bathroom with 7 people in a 2 bedroom apartment. PLEASE HELP with some recommendations. Thank you
    3
  40588. Oh yes I forgot to tell you that I seen almost all your videos and they're very helpful. Thanks
    3
  40589. Hello @MichaelBordenaro  what are the cretivia for renting or buying a home and mainly the credit score. Is there public transportation and where in Florida bcus Idon't drive and never driven before? I also seen one of your video about the state taxes and I was wondering what things get changed with State taxes.
    3
  40590.  @MichaelBordenaro  ok great thanks alot for the heads up about the credit score. I have a friend that lives in Jacksonville Florida and she told me that you have to live in Florida at least 2 years before you can buy a house is that true?... also if my parents and I plan to buy a home in Florida then maybe you can be our Real State Agent?
    3
  40591.  @MichaelBordenaro  I don't know how to drive but hopefully someday I can learn bcus here in New York we have public transportation and if that's an issue in all Florida?
    3
  40592.  @MichaelBordenaro  thanks then I would have to get my learners permit here and then get my license out there so I won't have to pay double and get it here and then get it in Florida.
    3
  40593.  @MichaelBordenaro  well I if we buy a house I don't think we need a loan bcus we'll have the money for the deposit for a house and I think you said at least 20%?
    3
  40594.  @MichaelBordenaro  ok thanks 😊 for that information.
    3
  40595.  @MichaelBordenaro  for sure it'll be the first thing I do and get a Florida ID. Thanks 👍👍
    3
  40596. If your a person in a rush fla isn't for you. Yes its hot yes it rains alot. But the winters are mild plus u can go to the ⛱ and chill try that in nyc. I live in Central Florida space coast. The cost of living is reasonable. Been here 6 yrs. This guy knows what he talking about. Most of all if your rude and looking for trouble stay where at at . I'm living on a pension and social security. No state tax for seniors. Have a chill day
    3
  40597. bad hair days and the entire state is going to be under water, thanks for the tips skippy
    3
  40598. Maybe they did upgrades 😂
    3
  40599. This sucks. My ambition is to retire to a single-wide in a relaxed resort town. And now it appears that big corporations have finally "discovered" that they can squeeze every last drop of profit out of mobile home parks, same way they destroyed traditional housing. Well, I still got 7-8 years left before retirement. Maybe things will be better by then.
    3
  40600. Great analysis
    3
  40601. The bird made this video😊
    3
  40602. Bro you said it perfectly. I cannot add anything to what you said because I agree with you 100%. Let me just say this. The Feds said inflation was transitory. Then the Feds said that 10 yield inversion was not an indicator of a recession this time. Now the Feds is saying the that the recession is going to be mild. So on that track record what do you think I am going to say. This will be a severe recession. I don't want this to happen but I would say it is very probably. Powell should have raised interest rates in August 2021.
    3
  40603. California will turn itself into Detroit. Tenants playing the system, landlords will not keep investing in the state. You end up with all the low lives left in the state. Good job
    3
  40604. You look like younger version of Vesimir from Game - The Witcher 3. You guys live in great place - for the same price in London you wont get so nice views... Just looking at the ocean makes u happy to start your day!
    3
  40605. Good luck! And great job teaching yourself to speak a different language. That’s Amazing. I’m sure you will make it!
    3
  40606. My mother taught me the expression, "wherever you go, there you are", in agreement with a big part of your lesson here. Meaning, you will be you, with whatever problems you had in Illinois (or wherever ), in a new place. Something else I said to a colleague today, markets are very efficient, meaning "everything is priced in". Why I say this.. you can get sun , fun and water, but your job prospects can fall to zero. You can live in the cold wet North and actually have a job, or make 5 times the amount you would get in the South. You can go on a mission to get access to the opposite sex, or just sex in general, and guess what, the price of that will be 10 times higher, and you'll have a "ME TOO" movement going on, that you will have to fight through. You will find yourself on Los Olas boulevard and listening to some married guy 10 years your senior, telling you about his million dollar yacht parked on the river outside, and what a big winner he is.. and wondering "if this guy is such a winner, and I am such a loser, why is he standing here talking to a tourist on a Saturday night?". Moral, don't move some place thinking it's a social goldmine. Move for what YOU want to do with your free time. For example, I want to swim in the International Swimming Hall of Fame, and the Jacaranda, two 50 meter outdoor pools which don't exist anywhere near my hometown. So that would be a reason, I would hang onto. I want to watch and bet on live horse racing. Something else I can't do where I live. Thanks for listening. Just throwing out some thoughts on the matter.
    3
  40607. That's why redfin never responds to inquires about listed homes. Thanks!
    3
  40608.  @MichaelBordenaro  Appreciate you Michael!
    3
  40609. Amen brother!
    3
  40610. Thank you for the great video. What product did you use for recording the road front?
    3
  40611.  @MichaelBordenaro  Do you have a link to your gear list?
    3
  40612. home insurance is a must if you live in Florida don't take chance, but if your bet is wrong you could end up homeless👍
    3
  40613. Oh great! Give ‘em a exotic car that will cost them a small fortune to insure and maintain.🤦Especially when they’ll barely be able to make their mortgage, insurance, HOA payments.
    3
  40614. The rich Will eat the poor . It’s a bunch of crap to me because in 2004 2008 economy they were crazy with security everywhere even in plain clothes. The problem is now people don’t want to lose their life over a couple dollars worth of products for a business that don’t care for them doesn’t pay them well 90% of them don’t even carry dental plans
    3
  40615. But wait, how will all the real estate grifters survive? ("agents", inspectors, underwriters, loan agents, appraisers, etc, etc, etc)
    3
  40616. Keep the hits coming. Videos like these have helped me prepare since 2008. Thank you!
    3
  40617. Amazing video Michael. Keep being real and you will have many followers
    3
  40618. Beautiful Ocean views!
    3
  40619. Housing is crashing
    3
  40620. Want to move to Florida as well..♥️
    3
  40621. You just wait til this election is over and see where gas prices skyrocket upward like you’ve never seen before .
    3
  40622. Wow I'm up here in Northeast Maryland. I see you talking about house prices in the millions. That is just unheard of around here. I wonder why I'm even watching your channel. That is just totally ridiculous. I like your show though 🤨🤗
    3
  40623. Let’s hear you jam on one of those cool guitars Michael
    3
  40624. I'm pretty sure he died there.
    3
  40625. What about Jacksonville Florida. I'm thinking real hard about moving there...
    3
  40626. Ever since you came back from Cali. The background isn’t as nice to me lol Cali was beautiful or atleast the places you visited but great videos nonetheless homie
    3
  40627. 💐💐💐💐💐💐💐💐❤️
    3
  40628. @Michael Bordenaro Hi Michael, Hate to bother you but being concerned about news I have been reading about U.S. banks, I sent an email to my son living in California regarding Chase bank and had him check with Chase to make sure when we get to the U.S. and find a home to buy, that I did not want any problems when wire transfering the money to an escrow co. This is what he sent me after talking to the bank. ( Called the bank, and the answer is that while Chase accepts all incoming payments, the outgoing transfer has a $25000 daily limit. This applies to wire transfers and account-to-account transfers. This is based on personal accounts and not business accounts. ) THIS SOUNDS LIKE A BIG PROBLEM AND I am REALLY CONCERNED NOW . Have you found this happening now ???? Thanks, and regards, Dean (looking for your reply)
    3
  40629.  @MichaelBordenaro  yep and worst of all is further north there’s a section that travels by Bradley California and King City California is 100 degrees every day in the summer because the mountain in the coast blocks the ocean air from reaching 42 miles inland to that highway 1 area. I absolutely hate that part. The California army national guard training base is located there. It’s awful in the summer
    3
  40630. What else is new no one tells the truth anymore
    3
  40631. Happy New year
    3
  40632. Look at those boats; somebody has $$$$$$
    3
  40633.  @MichaelBordenaro  oh good!! I’m glad you’re getting clicks! I think for me, it represents “emergency”?? I like the mire ocean colors. 💜
    3
  40634. I note that they stopped making Checkers like the one that appears at about the 3:29 mark in 1982. The owner is probably very handy.
    3
  40635. Still waiting on those price drops to come up north because the market is still strong as ever here . Especially remodeled multi families as they touch the market they’re gone
    3
  40636. It seems these tenants are being priced out via insurance and hoa hikes so ppl will sell/leave and these old condos can be torn down and new ones built. Personally I would not want to buy one of these old condos anyway. Ppl should know if they are damaged and not up to code. If it takes a blacklist for buyers to know the condo is not up to par, that is great for the consumers imo.
    3
  40637. Hi Michael. Love your videos, very informative. Wondering what is difference between buying condo vs. Villa in FL?
    3
  40638. That’s the kind of water crocodiles hang out. (crocodyius) American crocodile.
    3
  40639. This is because 40% of housing units r now owned by investors. Only 60% are owner occupied. It's like traders vs long term investors in stock mkt. The fed caused this by cheating the savers with low interest rates--financial repression forced people to buy RE...TINA there is no alternative. Now they r trapped. Investors have choices now with fixed income securities as a good alternative to RE. Investors have to clear the mkt before RE find a bottom.
    3
  40640.  @MichaelBordenaro  that's how businesses start. Plus you have a great last name I think for your sunglasses line!
    3
  40641. I've noticed in other videos that there aren't any sidewalks in residential areas. I'm a walker. Do you walk in the street?
    3
  40642.  @MichaelBordenaro  Yes, when the time comes to move to a retirement community I really would love to be able to continue walking for health and taking a stroll with my honey.
    3
  40643. I'll go anywhere I darn want to t - THIS IS STILL AMERICA RIGHT? JK, THIS IS SERIOUS COMMENT: ABOUT 1/2 of the USA is under Federal ownership. Better than Chinese ownership, BUT WHAT are OUR FEDS WAITING FOR??
    3
  40644. Hey Mike, great content here. Would you recommend St. Petersburg or Tampa? I’m 34, single, no kids, looking for fun night life and work in Technology field. Thanks 🙏
    3
  40645.  @MichaelBordenaro  You're the man! Thank you, I appreciate it.
    3
  40646. I assume the COAs are covered in the rent, so the owner is really only seeing $2k to cover PITI and maintenance....
    3
  40647. Hey Michael, I’m going to be living in Fort Myers for the summer (early May to mid-August) this year since my family is trying to build a house in CO currently and we needed a place to crash since we already sold our house in IL. I’m wondering, after visiting Fort Myers for so many winters (usually January) as an annual family vacation/tradition, what sort of major differences should I expect due to the spike in heat and humidity? What sort of activities are not recommended during summer? Should I expect to be spending lots of time indoors? Will the weather really be THAT unbearable? What about outdoor night activities? Thanks
    3
  40648. Very interesting... I had no idea this was even possible. Great information
    3
  40649. Some really nice gems in there!
    3
  40650. So many people saw covid as a money grab opportunity. And with all the 'RHODES SCOLARS' in government, no safeguards were put up as usual.
    3
  40651. I built my last new home in 2012 for 190K.
    3
  40652. D.C. city council wanted defund the police and decriminalize most felonies.
    3
  40653. Like the walking because it is like a garden tour too :) You mentioned the people with very low interest rates not going to sell, but if there are more lay-offs many may need to relocate for a job. The only option I see is with low rates you may be able to rent out your home, for profit even. Still that makes it harder to get out any equity for the next place.
    3
  40654. Investment properties in CA are a joke....holding cost is too high, STR's are progressively prohibited, evictions take forever and cost a huge amount
    3
  40655. The DOMINO EFFECT will trigger the RUN for the DOOR.. Even the WATCH FLIPPING GAME IS OVER.. Rolex under retail ?? 👍🍿🍷
    3
  40656. Really enjoyed this tour. Thanks for sharing. 🐸🐾🇨🇦🌸🌅🐚
    3
  40657.  @MichaelBordenaro  just copy your receive address in your btc wallet and make sure you say it’s bitcoin only. You can collect Satoshis! They are fractional btc
    3
  40658. Have you considered relocating to the Keys? Key West is awesome. 👌🏻
    3
  40659. Prices are too. High property taxes, HOA fees etc You nail it! Enjoy your life now before WW3 which could happen anytime now! People are real miserable right by now!😊🇺🇸🍀😎⚓️
    3
  40660. Very good video! Thank you!!!
    3
  40661. maybe 8 years out from widespread "robot workers".. then housing will be available... until then.. housing shortage in anyplace anyone wants to be..
    3
  40662. How about the people? Are they friendly or since they are "transplants" from places like NY are they rude, etc?
    3
  40663. I am fortunate ,the benefit of asset appreciation. But I have more and more older senior citizen customers that were sorta ok just a few years ago but now in serious trouble. I discount my service fee heavily for them plus come back and do odd jobs for free. Fauci really screwed us, beware the deep state!
    3
  40664. Could you do a walking tour of Surfside maybe give some description of what’s in the area costs etc? My family is considering moving to that area it seems family friendly.
    3
  40665.  @MichaelBordenaro  thanks I really appreciate it we made a brief visit a week or so ago but I don’t think we got a real idea what the Surfside area was like
    3
  40666. What a beautiful day today! I love miamibeach!!!!!
    3
  40667. Where are you currently in FL Michael? 🏖
    3
  40668. Thanks for the effort....seems no one is interested. Seniors have been murdered at the banks for the last 22 years. I fear for the fixed income group.
    3
  40669. Congrats Michael!! Sounds like you got a deal that’s awesome! Happy for you and Lizzie! 🎉🏠
    3
  40670. Something interesting in the beginning of your walk. One mansion under construction looked to be entirely reinforced concrete, maybe 10" think. That has to be designed as a hurricane and flood resistant home. Very smart if you're someone with 10's of millions to spend, but sadly that is the only thing that will be an insurable home going forward.
    3
  40671. Great information, and great video! Thanks!
    3
  40672. Wow! Beautiful! Loved this. I personally prefer a nice, sunny clear view of your drives instead of in pouring rain...I don’t think we would get a good vision of the areas you would be driving otherwise. (Anyone who knows FL knows the weather isn’t always sunny...been there for vacations & had nothing but rainy, cloudy days...something you don’t want when you wait all year for that one typical FL sunshine week. Lol)
    3
  40673. Happy Birthday Michael!
    3
  40674. Oh damn you were in my neck of the woods just across the street. You should have seen the lake that was in my back yard from the flooding.
    3
  40675. Mike, I had a giant squid wash-up on my front lawn! You want to come over for fried calamari buddy?
    3
  40676. Your exactly right. Greed and money
    3
  40677. oh my my, helllllllooo lizy !!!! pretty dress, did you insure it. ha ha ha.
    3
  40678. Who in the hell said you have to pay for a wedding? Pay the preacher only. If she can’t handle that she is not going to be very thrifty .
    3
  40679. The fed is making it harder to buy a home not easier
    3
  40680. Cyber trucks are the dumbest thing ever!
    3
  40681. The market is cyclical. Here’s how it works. When enough buyers can’t afford properties because interest rates are raised then the market prices will drop. Capitalism solves its own problems. Prices have only risen because there is so much money out there. That was caused by government involvement. The government needs to stay out of it for the most part.
    3
  40682. Call me naive but I didn’t know car insurance can just rise without telling you. Mine went up 20dollars and I thought it was a mistake. Nope it wasn’t.
    3
  40683. What's wrong with Flagler Beach? One of the best beach towns on the Atlantic coast of Florida IMO.
    3
  40684. On one hand I can totally relate if I’m thinking of any vacations I have taken as a kid or with a larger group of people. That is/was always more stressful to me than just going solo, with my husband or a small group of friends. Just so many personalities to please makes those trips more stressful. On the other hand I kinda think you’ve hit on something in the purpose of that time away. I know personally I normally look at it as a break from work and the responsibilities of every day life, but a lesser noticed part of that break can be that it helps you to have a greater appreciation of that very mundane and repetitive life you are trying to escape from. I also think that depends greatly on the type of work people do day to day. If you have to sit at a desk 8 hours a day you appreciate not having to do that so the change up is more enjoyable. If you normally have a job you are really passionate about and love routine it would be disruptive to what normally brings you peace to be out of your norm. That’s a really big trip you guys are on. How exciting (she thinks from behind her monitors and endless spreadsheets 😀) Hope it’s a fantastic time overall. Safe travels!
    3
  40685. Denver is a beautiful city! The homeless population is mainly in the Colfax area. The homeless will not bother you, outside of asking for change from time to time. If you are looking for a hotel, there are many awesome hotels to stay with no issues at all. Hotels adjacent to the 16th street mall is a good choice; typically 5 stars….just for starters Miami is more sketchy in my opinion! Regardless, I’m moving to Miami soon!
    3
  40686. Your analysis is fine, as far as it goes in a mathematical sense. Where it can break down is when the tenants stop paying rent. You may say, well, sure, you can deal with the occasional bad tenant, we account for that. However, if you get overleveraged by using your hypothetical $300k to buy multiple properties, your risk goes way up that one or more of those tenants is going to stop paying rent. In this era of viruses and whatnot, that's a very real problem, especially if you live in a jurisdiction that won't allow you to remove deadbeats who aren't paying. I've known some landlords that did just that and wound up working at Walmart. Being a landlord involves math, sure, but it is a lot more than math.
    3
  40687. I told you, Miami Shores, El Portal and Biscayne Park sellers have lost their minds the last 4 years.
    3
  40688. Enjoying the videos thank you for sharing. I am trying to find a good resource for rental homes available. everything I find on Illiw and Trulia are gone before I can see them. Tired of hearing upstairs neighbors in current apartment so hoping for a different situation.
    3
  40689. What's amazing is the 100% markup. Price should go back down to 2015-2018 prices.
    3
  40690. the thirst is real in them birds... lol
    3
  40691. a special guest, woo whoo! Hi Gina!
    3
  40692. The point you touched on for getting an equity loan, I couldn’t agree with you more. Only, only get such a loan to make an investment that produces income!
    3
  40693. Was this the start of the walk and talk videos?
    3
  40694. Hello Michael,....well 2 things about Rockford,..1 good and 1 not so good. The good is that it was the home and beginnings for The Rock and Roll Hall of Fame group Cheap Trick. Kid Rock even mentioned Rockford in his induction speech. The bad is,..as a retired person researching ''best places to retire'',...Illinois AND especially Rockford consistently get an extreme thumbs down.
    3
  40695. 💯💯💯👍👍👍
    3
  40696. This neighborhood is a very good example of a typical nice Non HOA neighborhood. notice the lack of sidewalks and the uniform landscaping maintenance , The diversity of attention and care and design . I live in a HOA in Southeast Florida east of 95. There is a non HOA community close by....It looks very similar, the home value are $700K or more. Moving to Florida in 2023 . everything now is over priced .and the COL has almost doubled Florida is not the affordable option is was even 2 years ago,
    3
  40697. I want to relocate from northern nj. What would u recommend?
    3
  40698. Hi there🤗 I used to live in Newark, NJ. Came to Miami Beach in 2007, and never went back. You should watch more of Mike’s videos to find out a bit about certain areas he covers around here. Good luck on your new journey 😎
    3
  40699. Is it true that in some states the tenant only has "tenant rights" if they stayed 30 days or longer? If true, then you can rent your property on Airbnb with max stay less than 30 days and the Eviction Moratorium would not apply?
    3
  40700. Good one today Michael. I think Miami is and always be an exception due to all the national/international investors. I believe it will the last market to crash in Florida inevitably. Thanks and hope your foot get better.
    3
  40701. sticker shocked. Miami is nuts. in other areas in fl, the house would be half that.
    3
  40702. What about foreign investment's influence in the U.S. housing market?
    3
  40703. Btw, any beaches along the west side of the Miami Beach island?
    3
  40704. Definitely Orlando, FL! a life-long New Yorker still juggling btw Orlando & Miami for a second home... As a matter of fact, Michael it would be fun doing a comparison video btw the two...
    3
  40705. Gen X here. I was out of the house at 17, by choice. Roommates, rent, insurance, and utilities were all by choice. Choice. Choice is everything
    3
  40706. My husband was going off about the banning of gas stoves. Everything g feels so strange these days! We have a gas stove and no way is my husband gonna trade it in!
    3
  40707. You will just love that trip I'm sure. I have seen all the communities you mentioned on the East coast except for Marco Island. My favorite was Anna Maria Island by far. However very expensive it absolutely felt so safe.
    3
  40708. Michael Bordenaro I want to buy a house in Central Florida that has a traditional style home, single story, and was made in the 1950s. Can you send me links to homes like this that are available?
    3
  40709. Michael Bordenaro Well, it going to be a couple of years before I move. I just want some websites that gives me the option of own a traditional style home.
    3
  40710. Michael, I've been casually browsing real estate listings in FL. I'm primarly interested in Naples. Once I'm ready to commit how do I avoid what I precieve as over-pricing by investor owners whom seemingly are speculating? How do I really get a good deal in FL???
    3
  40711.  @MichaelBordenaro  makes perfect sense. How do you feel about the market direction in south Florida in general? Are we in a seller's or buyer's market at this point? I don't know if this is a fair question since the area is huge and has many local markets. where do you see the prices trending?
    3
  40712. Hi Mike, my family and I would love to move to Florida from Texas. We are thinking of Tampa. We actually like to buy a house and looking for a real estate agent. Do you cover Tampa or know someone who does? please get back to me. Thank you
    3
  40713. I was looking for buying but now I changed my mind. renting for 1 year first.
    3
  40714. I'd rent in Florida. I currently own a house and like the idea of having a vacation property in Florida. Renting provides more flexibility. Once I find the right place, purchasing a 2nd home makes more sense. Love your videos Michael. Thank you for taking time to film them, edit them and sharing your content with the world.
    3
  40715. I shoot in the Northern CA East Bay market - the best example of subpar real estate photos for high price houses in my area is Marshawn Lynch’s (NFL Running Back) house in Pt. Richmond, CA. Widest lens ever - every photo - HDR…still for sale. Probably photos not helping!
    3
  40716. Michael, if you want Fall weather and scenery but still be in Florida come to the panhandle north of interstate 1-10 in the wintertime and drive through the countryside. Sometimes you'll forget where you're at and think you're back in the midwest.
    3
  40717. Check out the landslide neighborhood of Rolling Hills Estates just south of you !
    3
  40718. Wish there were $1600 rentals in my small town of 40k.
    3
  40719. really enjoyed this video like all the others. just saying to my wife last night if you would be speaking about the royal palms in your next video. great job. thanks for keeping all of us informed
    3
  40720. That’s why I thank God my family and I were able to purchase our home in 2019 for a good price I’m just worried for our taxes come November higher taxes means Higher mortgage payment 😫 and things are expensive as it is 😒here praying 🙏🏼 things calm down.
    3
  40721.  @MichaelBordenaro  I bought a used iPhone 12 and it said I never paid for it but I did, and I never even got my money back yet. I'm still trying though! 😢😭😂
    3
  40722. Has anyone ever told you your voice/accent sounds like Bob Odenkirk (Better Caul Saul)? It’s cool.
    3
  40723. I will always and forever prefer the beaches in Orange County and San Diego County. As a person born and raised in SoCal, I always felt like they didn't take care of the beaches in LA County. Everyone from out of state goes to mostly LA County Beaches though because they just might not know about other areas.
    3
  40724. Thank you.... Love your videos sir
    3
  40725. How about a video of all of the parks or hiking trails near by 😃
    3
  40726. I love your videos and I'm so grateful that I have found your channel, that gave me hope that one day I will be able to buy my first home.
    3
  40727. All of your predictions will come true. You know what they will say when everything does become reality to them? "Oh, no one could have seen this coming". It's the oldest story in the financial book. Dotcom bubble, 2008 GFC, and now this. "No one could have seen this coming". Just stay silent and make your money on their ignorance.
    3
  40728. Great vid
    3
  40729. If the rates go up all the investors will flee. And that will be a 30% drop in demand.
    3
  40730.  @MichaelBordenaro  maybe 10% of the investors pay in cash.
    3
  40731.  @MichaelBordenaro  thank you, great videos...
    3
  40732. Looks likeMichael is walking around in Grand Theft Auto V.
    3
  40733. The place to live in Florida to me is Jupiter , FL
    3
  40734. 0.50 Fancy language for "your gas cap is loose", ha ha. No kidding, this is the only thing that has ever triggered that light on my car. The stupid plastic gas cap doesn't seal and stop, it just clicks infinitely. They told me, you must wait for 3 clicks and then stop. Ironically, that has worked. Best of luck with the rest of your trip!
    3
  40735. Re. safety, someone sent me this video of a shooting in South Beach. Happened in 2011. Anything like that since? https://www.youtube.com/watch?v=WdaKfKmx4S8
    3
  40736. In my area of FL, there are tons of guys advertising to do lawn care service. They're cutting each other's throats, as low as $15/cut for a 0.25 acre lot. I've found many of these guys are ex-cons and/or have personality and substance abuse problems. They can't pass a drug test and felony convictions rule them out of most jobs. One provider was advertising for a helper "$10/hr, must have experience mowing lawns" LOL!
    3
  40737. The mobile homes in Lake Park Florida were fetching $400k last summer
    3
  40738. Good points.
    3
  40739. Did we walk down that far when we were there? I feel like we did haha
    3
  40740. What was that grey boat?
    3
  40741. Hi Mike, I have a completely differently take on the video and also on where you should be going and what tweak was really needed in this video. I'll email you instead
    3
  40742. I just want a 3/2 in Florida
    3
  40743. Artificially low interest rates created this ridiculous housing crisis, and a lot of inflation. The job numbers and gdp are strong, especially on a global scale. The stock market is down, but not crashing and a lot of experts are predicting it’s at its low. This will be a longer slow recession, but it’s hard to imagine a crash. Also, investment properties are going to hit the market which should help lower cost of homes in certain markets. The FC process is different in every state, and mortgage companies are using a lot of tools to modify loans and help homeowners stay in homes compared to 2008-09. Things don’t appear to be as bad as it looked a few months ago, but it all depends on inflation and how high rates go.
    3
  40744. Hey Michael! It looks like I won’t be leaving California until after the beginning of the new year. You keep making videos and I’ll keep watching
    3
  40745. I've been binging you all weekend. My Aunt lived in St. Augustine in the late 70's, and left her home to the nuns who had the hospice group that took care of her in her final days. They either sold it long ago, or maybe its a "convent." As nice of a neighborhood as this looks, I wouldn't pay a half million dollars for any of the houses. That's just me, though.
    3
  40746. So glad to see you walking today 🙏🙏
    3
  40747. A video on just Airbnb in Florida would be great! I’ve been so curious about over saturation in Florida. I’m hoping many will get out and add more inventory to the market.
    3
  40748. Do you have to surrender your key to someone else. In case of fire or whatever. What's the demographics of the people living in the building or area. Are they old. At some point will there be a large number of condominium units for sale in your area, is there a washer/dryer in the unit you're interested in; or will you have to queue to get your laundry done, is your area flooding often, do you depend on public transportation (Hint: it won't be as good as you're used to in DC or NYC), do the elevators break down or are out with a power outage, how often does the building/area get power outages, where's the building in relation to the storm surge (on Miami Beach you'll have to evacuate), can you get a ride to the medical center or doctor's office, .... I have a house, and would like to move back to a condo. A house is a time and money pit.
    3
  40749.  @MichaelBordenaro  I'm sorry, I wasn't thinking. I wasn't asking you. I was just mentioning some of the things that should go into prospective buyers calculations.
    3
  40750. I went there 3 months ago and the parking is crazy.
    3
  40751. Parents are enablers. LOL
    3
  40752.  @MichaelBordenaro  It's because of taxes. The higher the taxes, the more expensive everything becomes.
    3
  40753. Thanks for sharing Michael! The housing market and rent down there is insane right now. Really good for people who already have property 👍🏻
    3
  40754. The pasta looks really good
    3
  40755. Intermittent fasting has been a way of life for about 18 months; I went down from over 200 lbs. to 169-170. Once a week, it's only one meal a day when I'm not hungry.
    3
  40756. Michael Bordenaro Between the people of Illinois and Florida, what state is more friendly?
    3
  40757. I know it will help me, I hate winter & I get down in the winter cold.
    3
  40758. I was wondering I heard there are a lot of alligators walking around, I walk a lot, will they bother you & can a person run fast enough if they come towards you ?? very afraid of them.
    3
  40759.  @MichaelBordenaro  thank you so much for getting back to me !! have a good day & stay safe !!
    3
  40760. It’s true what they say the pandemic caused the biggest wealth transfer in America. The wealthy got way more wealthier because schmucks like most of us were forced to shut down, close up, not to slow the spread but to give the corporations, government and banks 3 years to make out like bandits. Many tried to warn us it wasn’t going to end well. But people done lost their minds. And it’s only just begun.
    3
  40761. Hello Bro, Randall here again. Another good topic and video presentation. Good job breaking it down. That other force we talked about, The Institutional Investors is a problem in the market holding these properties as home rentals or vacation rentals. This is also an issue as you mention: homeowners holding homes as passive income. I agree with you the housing shortage is not as big as they think. The market was changed again with the FED upping the rates. This has complicated things and taken buyers out of the market with the increase in lending rates. Accordingly, new mortgages are down. I'm enjoying your research on the market. The pandemic has changed everything and I don't think people recognize just how many buyers are out here now because many if us now can work from anywhere, even with the increase in rates. 5% is not great compared where in 2% range, but that is still a pretty low rate historically. When I purchased my house in 1998 the rates were 6.5% range. I still would like to be in Florida because of the reduced tax burden. Plus, there are still places in Florida where you can get some good value compared with the high prices here in the Mid-Atlantic. I have a few years and can be prudent and patient. If the rates stay near 7% I think that would help the economy and market overall by taking some buyers out the market and normalizing prices. Demand is Florida is going to stay strong for the most desirable locations, Miami, Ft Lauderdale, West Pal Beach, Hollywood, Naples, St Petersburg, Clearwater, and the like around Florida. What do you think about the issue of Disney losing their strength with that new law? How will it impact the Florida home buyers markets, push up costs and decrease demand?
    3
  40762. I appreciate this - Chase SUCKS
    3
  40763. Were these houses Non-HOA?
    3
  40764. Inflation is so bad the middleclass is getting downgraded. For many home ownership is going away. For some rent is going to be unaffordable.
    3
  40765. Good video and you right on point on what you saying
    3
  40766. The county of St Augustine has ownership of the mansion, its historical site, and if purchase the new owner has restored it to what it was. In that area, there was a big movement during the era of Dr.King and segregation. They're many locations by the mansion and theirs is street name after Dr.King which he march on, and a baptized church he visited during that time. Also, there is a house a block away dedicated to segregation movement in St Augustine 1964 by appointment only.
    3
  40767. Check out Santa Cruz if you head up to the Bay Area! My hometown beach and it’s gotta very cool skater vibe with lots of cliffs and and cool beaches
    3
  40768. That elderly person that you mentioned at the start might be getting ripped off my the pharma companies. The US is notorious for price gauging the most fragile part of its population.
    3
  40769. Thankyou once again for such honest house reviews
    3
  40770. those condo numbers are not cheap for most of the country but definitely cheaper than NJ or NY (prob CA too)
    3
  40771. Houses are more inflated because they are more exposed to the social media space. Its the same as people who are on Facebook... those folks always look like life is so grand, but in reality its a lie.
    3
  40772. I love the state of Florida and am still considering moving there. I just would enjoy the tropical, outdoor lifestyle. Do you sometimes get bored living in Miami all year long? Do you feel like you’re getting deprived of other state amenities, such as the mountains, the snow, the ice and all four seasons? 👌🏻
    3
  40773. Ahhhhhhhhh!!!!!!!!! YALL ARE TOGETHER!!!!!!!!! SO EXCITED!!!!! OMG! This is awesome!!!!!!
    3
  40774. Thanks for the video. I'll be in Miami next week and definitely will check this park out. I notice that there's another part up north of the beach where there's a lot of coconut trees. Is that part of the beach nice? thanks.
    3
  40775. I'm glad you don't have hairy shoulders. Men with hairy shoulders shouldn't wear tank tops. Neither should women.
    3
  40776. Thanks a lot for your videos Michael. I apologize for off-topic and if you've already addressed this, but you have quite many videos up... Haven't seen all of them😀 So, I live in Finland, and I'm used to easy access to nature and forests where I can walk my dog unleashed, with nobody to bother us. Is it possible to find such places to live in Florida, while not being too far away from civilization? And is it even safe out in the nature? Thanks a lot!
    3
  40777.  @MichaelBordenaro  thanks for the reply! Hmm that's a bummer. So I'll have to choose between maybe going for walks with a shotgun in Florida or picking California instead xD
    3
  40778. Belividere the Chrysler plant
    3
  40779. Hey you went through my old home country of Iowa! :D Sioux City right?! And Denver, like any large city will have tents! Its a big city problem now. Texas is actually criminalizing tents so you wont see that there.
    3
  40780. Casey key highend Sarasota area..myakjaaka park off Clark road
    3
  40781. I think the biggest reason people are broke is our 40% out of wedlock birth rate. The next biggest reason is our high divorce rate. Relationships matter a great deal to one's finances, and we're not doing very well in that regard.
    3
  40782.  @MichaelBordenaro  0:59 no way I have always tried to avoid living in big buildings
    3
  40783. Super, thanks so much for doing this. I would love to be at a concert in the Red Rock Amphitheater some day.
    3
  40784. The market crisis is not new. I've been through these crises in the past 22 years since I'm investing in the market. Dot-com bubble , 2007-2008 financial crisis, 2020 Coronavirus stock market crash, 2022 cryptocurrency/stock market downturn. 2023 could be the housing crisis, but we will see. Diversification is important (real estate, equities, cash). Cash is king when the market is bleeding (buying shares at a discount). Live within your means and stack away at least 20% income to savings/investing.
    3
  40785. Those long-term care policies are very expensive!!
    3
  40786. Keep dropping truth brother 👍😁.
    3
  40787. Thanks!
    3
  40788. Congrats on the 49 .. Big 5-0 coming up, will you make it this year?
    3
  40789.  @MichaelBordenaro  You are so welcome.
    3
  40790. Time to pay attention folks. What's coming is the mother of all recessions. There is 360 trillion total global debt. What's clear is that this debt cannot be serviced at the now fastest increase in interest rates in 100 years. Major cracks are growing as the wheels are now beginning to come off this colossal credit pyramid. G7 currencies are falling at an alarming rate. China's housing bubble continues to implode. Bank of England just bailed out the countries national pension system due to rising bond yields and falling prices. There's a major energy crisis in Europe that will lead to a deep recession. 50% of S&P earnings come from offshore earnings and a rising dollar will make US exports less competitive. Credit default swaps are rising on two major banks in Europe, the same derivatives that gave us the GFC. How many people who just bought a home in Florida or S. Carolina will continue to pay a mortgage on a home that is now ruined, they can't live in and will have to pay for alternate shelter not to mention prices are falling and they are underwater literally. Hope you have a good cash cushion cause your going to need it. Be prepared.
    3
  40791. 2:15, that property is beautiful 😍
    3
  40792. Who ever buys now or when % keeps going up better have a secure income to pay that fake high bubble mortgage every month , not only that but it will crash at some point , that's when you will see lots of foreclosures on the way , and it will be time to get them good deals again . Will take a while but for shure it will be here , cheers , and sell now if you can , and just rent . Always great info and videos
    3
  40793. It’s all about jobs. Rates go up everything slows. Job market fades so does the housing market.
    3
  40794.  @MichaelBordenaro  yeah there’s places I might like but can’t afford like Del Rey beach or Palm beach oceanfront or that I like but no interest in living at like Miami which is great from December-March but too hot too much traffic and no surfing so finding what works for you in a big state is key although I can’t dodge summer humidity anywhere in Florida July and August just settle for cooler evening temps as a consolation prize in St Augustine
    3
  40795. I feel the same way you do Michael about the government giving big paychecks to big corporations while everyone else got so much less. Thanks for keeping us updated on the housing market. I really appreciate it.
    3
  40796.  @MichaelBordenaro  Sorry Michael, sometimes I forget it's your channel!!! Haha
    3
  40797. Crime? NW Miami has something in the Local news every day. Kendall? Not so bad.... I'll give you a thumbs up 👍. Finally a realistic overview rather than the glamorized Tourist Trap majority of vids out there. I've been here 40 years. I can speak from experience.
    3
  40798. Love your commonsense advise.
    3
  40799. Hi Michael, you always post lovely videos. I am a big fan of Star Island, and the white big house is actually a property of Lisa Hochstein from Real Housewives of Miami. On that same side Gloria and Emilio Estefan have their main residence.
    3
  40800. Congratulations Michael!
    3
  40801.  @MichaelBordenaro  it’s really crazy
    3
  40802. Love a fixer upper as long as the bones are good. So much can be done to turn a yard into a slice of paradise without spending a lot of money. Palms and flowering plants go a long way toward that end.
    3
  40803. Recent sub market crashes like Austin City Limits where housing prices are still inflated and not a good deal.
    3
  40804. this helped a lot I just turned 18 trying to learn how to save money and im trying to move out asap!
    3
  40805. Thanks for this great video! We are preparing for a huge move from NJ to the gulf coast. We are currently doing research on where is the best place for us as water lovers but also need great schooling for our youngens. This video helped so much! Bc as you stated in the beginning 😆 we were THOSE people searching crime rates, etc 😆
    3
  40806. Two years is when I'll be interested if the right things happen. Not before. No to foreclosures, too many issues. Where to buy will be the big question, Vegas seems to suffer the most during these downturns for some reason.
    3
  40807.  @MichaelBordenaro  There are some other factors making lenders leery in the NYC Metro market, but staying on topic, when it comes to homes in the "under $500K market, it's edging towards a 50-50 cash/finance seller makeup. Some underwriters take that extra step when putting together pre-appraisal comps, to indicate if a "comp" was a cash sale or not. People up there are willing to pay fairly close to a half million dollars (cash), for a 2 bedroom condo that's less than 1,200 s.f., just to stay in a particular town or area. If they aren't looking to die there, they're definitely risking "buying high/selling low," and taking a beating on the resale down the line.
    3
  40808. YEAH, MY TWO FAVORITE REAL ESTATE EXPERTS.
    3
  40809. Wow, did not know Florida service professional were like you describe. I guess people are too relax, they take it easy too much since Florida seems beautiful. Moving there seems nice since all you to do to be successful is being on time, reliable and transparent... well that sounds simple... hopefully I won’t get caught in the Floridian ways hehe 😅
    3
  40810. Hi Michael icant believe land taxes at 20 to 40 thousand per year i live in Calgary Alberta Canada I have a house about six hundred thousand mortgage my taxes are about 1600.00a year
    3
  40811.  @MichaelBordenaro  Check out the data on US Censes: Fl is now 2nd place after CAL . https://data.census.gov/cedsci/map
    3
  40812. I'm gonna by that 76 million dollar home
    3
  40813. Such a beautiful, quiet area. Loving these videos!!
    3
  40814. Affordable places in Daytona? And CLOSE to the beach!? SIGN ME UP 🤣💛
    3
  40815. They are paving a way for a "Smart"city where they control everything.
    3
  40816. Michael, does your girlfriend own a business?
    3
  40817. Yes...San Diego is like this pretty much year round. However, winter is denoted by rain.
    3
  40818. Nice video .. i lived in SF from 1980 - 1987 ---- too cold most of the time
    3
  40819. %100 St. Augustin for sure .Thanks for the guidance, you are helping a lot of people here without paying for experiencing by ourselves , so precious. XOXO all the way from freezing cold Canada
    3
  40820. I believe that the government artificially sustains the economy because it is an election year, otherwise it's what you said, I'm an realtor in South Florida too, and this market it'🎉s getting stuff
    3
  40821. I can vouch that AZ is slowly coolimg off. Houses in my newbuild neighborhood are sitting- we havent seen this since 2019. Im holdin out to buy for another year and I BET your advice will pay off!
    3
  40822. Desantas needs to step in!
    3
  40823. Yup, that's exactly what he said, finally.
    3
  40824. Does this "Ban" Include Columbian Investors ?
    3
  40825. California salaries still aren’t enough to live a comfortable life out here. Especially now after COVID. It’s way too expensive in my opinion no matter how much money you make. Unless you’re a Kardashian or something 😂 It’s crazy expensive and there is a HUGE wealth gap it’s insane. I think if you want to live a good life where you can actually enjoy your money don’t live here. 🤷🏻‍♀️ I myself need to get out eventually 😂 great video by the way your comparisons were spot on!
    3
  40826. I sold last October. The old house value went up $30K, but the new build I bought is valued $60K above what I purchased. Win win for both new home owners. Been watching your channel for over a year, the information has been amazing. Keep up the great work.
    3
  40827. The investors can go buy all the new builds that are about to hit the market in the next 6-12 months😂😂😂 I’m sure the builder will give them a great price
    3
  40828. what's crazy is a few years ago I was looking at condos in that area and probably was looking at units in that building that collapsed on Zillow. I no longer want to buy anywhere that has an HOA. I want to control all aspects of my land and property
    3
  40829. GREETINGS MICHAEL 🏜😃👍
    3
  40830. What is the pirce per month?
    3
  40831. Another reason I hate condos 😆😂😂
    3
  40832. Zero sympathy for those that have to go back to the office. This wasn't going to be forever.
    3
  40833. GREETINGS FROM MY DESERT HELLSCAPE MICHAEL 🌴🔥😫🔥
    3
  40834. WOW.....Great tour ! Michael, do you think this place will rent for $1500/ mo. ?? LOL....Thank you for showing us this magnificent home......
    3
  40835. How far is your hometown from Chicago?
    3
  40836. “we all know what it means to be broke”. ~ Lil Kim😅
    3
  40837. Great video my friend!!!
    3
  40838.  @MichaelBordenaro  I'm not saying never, just thinking of options abroad!
    3
  40839. My problem is I don’t enjoy the day to day of life sometimes, I keep looking 5, 10, 20 years down the line, and that has definitely negatively affected my overall happiness.
    3
  40840. Michael Bordenaro thank you, will definitely check it out! I’m 26, I shouldn’t be, and don’t want to be miserable in my 20’s, and 30’s for the hope of happiness later in life. I need to be satisfied with what I accomplish each day, it’s great to have long term goals, and work towards them, but definitely have to live in the present more.
    3
  40841. Gonna be alot scooter riders soon!
    3
  40842. I ❤ Florida
    3
  40843. Awesome video. I really appreciate the insight. This is the best informational video on Airbnb ownership that I have seen.
    3
  40844. LOL .I just called Miriam the realtor and she said yes..Thats the price the owner wants
    3
  40845. Awesome... let them fail! Banks have been raking us over the Coals for the last 50 years with massive interest!
    3
  40846. On Reverse Mortgages KNOW YOUR MARGIN and do not get ripped off by your lender. The Loan Officer can make 12% on those loans.
    3
  40847. Love this video of y'all! Waves were amazing!!! Bowling for seagulls hhahahaha The parking is nuts! I would have been mad if we had paid that much for parking for no beach. Can't believe y'all had to park on the road like that. No room for error. The beach has definitely gone away. I am sure that mobile home park is very expensive to live.
    3
  40848. Mike, golf courses are empty and expensive. Sell the land of golf courses and let builders build single family homes. People are getting older and need single story houses . We do not need overpriced golf courses
    3
  40849. Very beautiful video. Makes me want to be there. It does seem spread put and little congestion. It would be interesting to see how it is during the high season. I bet it would still be less than Miami. Thanks
    3
  40850. Free homes in florida next year
    3
  40851. San Francisco is about to be the next Detroit
    3
  40852.  @MichaelBordenaro  Thank you for the info.......
    3
  40853. I’m surprised you skipped Tampa/St. Pete entirely. 🤔. Of course, those two cities in of itself could be an entire separate presentation.
    3
  40854. Hi Michael, do you know how many unrelated people can live in a property in the Miami - Dade and Broward Counties ? Like househacking for living with roommates. Thank you
    3
  40855. Great video and very straightforward
    3
  40856. Wow cool I didn’t know you could drive on the beach there, that’s cool! I guess water is warm because it’s so shallow, looked pretty clear though!
    3
  40857. It gets dark at about 4 up north 🤢 It might be a little early in FL but the brilliant sun and later sunset makes a huge difference. Loved the beach video!
    3
  40858. good idea !
    3
  40859. Why do you always walk through the mansions and never go through normal neighbors And walker Around I understand the view is a lot better there but the houses will be more reasonable for your viewers. I don't think anybody here cares about A 30 million dollar house with a million dollar price cut
    3
  40860. You know what's worse than these Super Storms? 1. mother-in-law and family reunions 2. getting old and losing your ahem! fire 3. review 1 and 2
    3
  40861. Very good video Michael. I can relate because I’ve had several rentals over the years. All sold now. Being a hammer and nail kind of guy, fixing up our own home(s), I usually entertained all the rental property issues. Just curious, what would be your preference, a single family home, duplex / triplex or a condo?
    3
  40862. Thanks Michael for your response. Keep posting those videos….great stuff!
    3
  40863. Hi, thanks for all the info on Florida. Looking to retire to Florida, we noticed you did not mention Fort Myers. Is there a reason why? Our budget is in the 300-500k range. Condo right now but wouldn't rule out a house or gated community. The red tide and blue/green algae from Okechobee Lake is bit of a concern for us. Thank you
    3
  40864. Congratulations 👏
    3
  40865. You are the best..!! I always forward you podcasts..!!
    3
  40866. I received a job offer in Winter Haven, FL. Where would be the best place to live in that area? I know Lakeland, FL and Davenport, FL are near by. I am 23 years old and like to go out and socialize with young professionals.
    3
  40867. I was starting to look at properties in Florida last year and completely dropped the idea because of the homeowner insurance problems. It is an absolute disaster what is happening. Something is really wrong with how insurance claims are done in Florida. Why don't the insurance companies send out their own insurance adjusters to verify roofing damage before claims are set for payment? From what I read the Florida roofing companies had homeowner's sign a document that permitted the roofing company to represent the homeowner to the insurance company and the roofing companies were basically fraudulently stating new roofs were needed. In my state all insurance claims must undergo an inspection by the insurance company to determine if a claim is legitimate and if so what amount the insurance company will pay. I had a storm with large hail do significant damage to my roof and the insurance adjuster (from the insurance company) came out and inspected my roof, he verified the claim and a check was cut within a week to have my roof replaced. That is my only insurance claim in 21 years. I have great insurance rates and great property tax rates in rural Missouri. People are going to have to start moving away from states that are pricing them out.
    3
  40868. In 2014 my husband and I filled a U-Haul with everything we owned, towed our SUV behind it (also packed full), and drove from south Jersey to Vero Beach, Florida. We knew nothing about it, it was just a random spot on a map. We didn't know where we were going to live. We just wanted to move to Florida. We ended up, later, buying a mobile home in Ft. Pierce. To make a very long story really short, I lasted 6 months in Florida. So many things I absolutely hated about it...and no matter how hard I tried, I couldn't make it feel like home. My husband ended up with a felony charge (over a drunken argument involving an unloaded BB gun--there's a pistol in every car's glove box, but the gun laws are nothing to play with...aggravated assault with a deadly weapon, anyone?). Hurricane Matthew destroyed the trailer, so total financial loss there. We now own a beautiful home back in NJ. Lesson learned. No thank you Florida.
    3
  40869.  @MichaelBordenaro  Will do! Based on those business hours in the area, I'd literally be there a little bit. 😅
    3
  40870. Hi Michael, one question, no water and gas utilities to pay on those apartments?
    3
  40871. Buy means mortgage now? Borrow now and be underwater and file for bankruptcy or have a short sell or some other catastrophe on your hands! Congrats!
    3
  40872. Beach cities in LA and orange county in ca. have no homes and prices are still sky high. I want to buy I have money burning in my pocket but prices are crazy. $25K for property taxes is nuts to have in retirement.
    3
  40873. Love the channel because your nformation is great good or bad and i get to see the perspective from another country as i live in Australia 🇦🇺 varied different topics and great scenery as you walk around your streets in your community Always seems like great weather visited your great country in 1974 50 years ago as a 10 year old boy got off our ship in ft lauradale and my father bought a campervan and we travelled a giant loop around the USA unfortunately dont remember everything but was the trip of a lifetime for me during the many months there thanks .
    3
  40874. SELL, SELL, SELL!!!
    3
  40875. I would never move to Kommiefornia! I am in a low tax Constitutional carry state which is low in regulations and high in personal liberty.
    3
  40876. It was so beautiful even without power ..thanks for sharing ..u should do some tours of beaches at sunrise or at sunset..👍
    3
  40877. I would like to see the natural beauty video. I like the creativity of modern architecture but a comfy art deco is my favorite.
    3
  40878. making money is hard. keeping it is even harder
    3
  40879. Man you are becoming a friend I look forward to chatting with every day. Great work my friend
    3
  40880. Paradise! Thanks for posting! Love all your videos—can you please post more on South Beach including real estate? 🙏
    3
  40881. I'm moving to the daytona area in September. We will rent before we buy
    3
  40882. Certain states are just unaffordable to average people ! Some day all the states will be only for the rich ! I'm beginning to thank it's all planned !
    3
  40883. I feel like your not paying attention and you are going to step on a snake ☠️🐍😳
    3
  40884. The one man that survived said he was hit with a over 100 thousand just last year to repair the building and they didn’t start at the bottom. They started on the roof.
    3
  40885. Our local news is saying not to eat the fresh caught fish right now. Red tide is just so bad!! 2 million pounds of fish and counting.
    3
  40886. I buy nothing getting ready for the extended war. It's going to get real out here quick fast. My plan is to live on a yacht like Quincy.
    3
  40887. Are we also talking about low-rise central fla buildings???
    3
  40888. I want a red MFAA hat. or LGB (Let's Go B....) hat will do. LOL
    3
  40889.  @MichaelBordenaro  I see a lot of people from NY and Cali moved to FL. I just hope they won't turn that state blue.
    3
  40890. I have nothing, yet I have everything!
    3
  40891. Lol LOL ITS GOING TO BE HUGE
    3
  40892. first
    3
  40893. I think overall your assessment of this is correct. However, it needs to be said that there ARE still companies out there where virtually everyone is still WFH full time, including management, and their management. There are companies where no one is even allowed to come back, which is my husband's work. And it isn't because they're about to be let go. They just began and signed a new 5 year contract. So while your assessment is correct overall, people (especially some in the comment section I see) should understand that not every company and industry is the same. WFH is going to go down a lot, but it's not going away completely either.
    3
  40894. Another Great Video, Michael...You know , in the end....Gravity always wins !..(lol)...Take care..
    3
  40895. Hey Michael nice little video. I always look at you guitar & amp. I'm a "classical guitarist" acoustic. Anyway still planning my move to Ft. Lauderdale w/ my cat. Looking at Studio options still, which other Florida youtubers have responded w/ great support. On hold till the "shutdown" thing calms down. Happy 4th 🎆🎆
    3
  40896. "10% for the big guy"
    3
  40897. Congratulations!!! 🥂😁
    3
  40898. Hey buddy ! l'm following your youtube channel in Brasil. I like your comments.l Think those informations are very good to the people don't know the area. Keep doing the goog job.GOD bless you.
    3
  40899. "Naked and taking a crap right in front of your house or a business" That deserves a like. 😀
    3
  40900. As an Iranian who is working his butt off to get a good degree and immigrate to the US, I'd like to remind you Americans to value your country and keep it well. Especially FL as I will get there one day! :)
    3
  40901.  @MichaelBordenaro  thanks Michael, I appreciate your comment.
    3
  40902. The land beneath it is worth more than the 15-story condo building. A developer will acquire the building, tear it down, and build a 30-story building w/ $1 million units. The City will enjoy quadruple the property tax revenue.
    3
  40903. Have you created a video on the luxury 55 and over gated communities close to the beach? If so, where can I find your review?
    3
  40904. Great information. Even for a non first time home buyer. Thanks for sharing!
    3
  40905. How are any of these owners earning cashflow?
    3
  40906. Lol and i thought IMF stood for Italian Mafia Family. 😂
    3
  40907. I’ve been looking in Florida. Clearwater/St. Petersburg. Almost all the houses I’ve seen are flippers trying to make a quick buck. Bought between Oct and Feb, put back on the market for double. Deal falls through in March/early April, now back on the market at a slightly reduced price. Same story over and over.
    3
  40908. Invitation Homes in Miami is buying houses and renting them just with a cleaning. Will not update or fix anything. Plus you have to pay them for your utilities. Bad bad bad business for renters. Don’t say I didn’t warn you.
    3
  40909. 100 day on monthly chart is turning up! Silver is solid
    3
  40910. It was a Killer storm over the Christmas Holiday here in Pensacola.
    3
  40911. I'm one of them...but for now, I think I'm hitting AZ, and then I'll head to Florida, I like the West coast, have some friends there, so that will be a good reason to move there
    3
  40912. Yep coastal California it’s 70s { degrees }10 months of the year 11 1/2 months in Monterey and 11 months in Santa Barbara 10 1/2 months for San Diego
    3
  40913. I wouldn't bet the Farm on this Prediction . The Median is creeping up to $400,000 in most area's of Florida . And Bidders are taking it ever higher in places such as Tampa/St.Pete and Orlando . So Affordable to whom exactly ? And in what part of Florida ?
    3
  40914. Appreciate the advice. New sub for you
    3
  40915.  @MichaelBordenaro  Yes, I will 2nd that!!! As a former Manhattan Beach & Redondo Beach (South Bay) resident, now living in Southeast Florida, I would, Love, Love, Love to see your video comparing Miami to the South Bay area of Los Angeles Country.... my former "Home Sweet Home!!!"
    3
  40916. Hello from Sin City!
    3
  40917.  @MichaelBordenaro  great thank you 🙂 that doesn't sound like a scam site except it's the government LOL
    3
  40918. Route 707 …Beach Road is a gorgeous drive…drove it South Bound from Hobe Sound to Jupiter last January when I was staying in Port St Lucie.
    3
  40919. Michael,.....only long-time subscribers (like me) know that your car detailing job was in Rockford IL,....and btw don't despair,...you are still better looking than 99 pct of the men walking around FLOOR-i-Da.,....and that is more important than anything on your resume.Lol.
    3
  40920. Its always a good day to do a good deal.
    3
  40921. 63??? I remember when I had a part time job🤣
    3
  40922. Thanks a lot for such a beautiful video! From Kazakhstan with love to Florida!
    3
  40923. I agree with you: be patient... Thank you!
    3
  40924. YouTube is my only subscription. I don’t know how people watch it without a subscription. Horrible adds.
    3
  40925. Good video, it's only going to get worse. Be ready to buy when it hits bottom
    3
  40926. Allowing foreign investors to buy up our real estate is driven by greed. Anything built on a foundation of greed will collapse eventually.
    3
  40927. Convert bankrupt CRE buildings to Multi-Family Housing.
    3
  40928. Great video! Hopefully my kid heard the message! We did laugh together a few times. . 😊👍
    3
  40929. YouTube creators work really hard to put up a video for us to watch it.👍 If I like their videos, I watch the ads for at least 30sec, some are actually interesting and I watch it till the end...anyways, my point is that the creators get monetized from those ads (not even that much) So if you like the videos, learn something from it or just got some entertainment out of it, the kindest thing to do to support the channel is to watch the ads for a bit and then skip it😉✌️
    3
  40930. I had investors calling to buy my home for almost a year. I sold in time to make a very good profit on my first home...now I'm moving into our family home because no way am I buying at these rates. I feel blessed to have the opportunity. We are definately moving out of MD. Too expensive to buy a home with land here!
    3
  40931. Boycott flippers!!!!
    3
  40932. Even though I’m up in Ft. Lauderdale, I thoroughly enjoy your videos Michael. I appreciate your dedication and hard work bringing them to us. As far as dash am goes, perhaps you could consider doing a dash cam from your bicycle ... is that even possible? I’m in total agreement with you ... give me a quiet pleasant neighborhood but adjacent to Publix, Walgreens, dry cleaners, etc. P.S. I think a video on the townhomes w/garages and/or homes would be fun too. 👍🏻
    3
  40933. Take a dip in Crystal River; 72 degrees year round. It will wake you up and you'll become woke!
    3
  40934. Thanks so much Michael for taking us outside Miami even the weather isn't that good. It's so much more interesting to listen to you Michael and get all the relevant information than just reading an regular article in the web. Thank you Michael!😊
    3
  40935. Very heartfelt and well said. This was a great video!
    3
  40936. Amazing neighbourhood, Banyan trees are amazing . What do you mean old homes are better construction than new homes? Any facts to back this up. Are new homes built using timber and old ones brick for instance? A small home is more sustainable indeed in term of expenses and built materials needed and energy required to cool the house.
    3
  40937. You're in my neck of the woods. Juno is a very small town, not much there besides some very expensive houses and nice beaches. You can probably hold your breath and drive through it. That strip your walking around at 3:45 is actually Jupiter.
    3
  40938. Hi, enjoy your videos. How about Plant City?
    3
  40939. Eye Care plant city has a quaint little downtown, has a really good Financial infrastructure and is attracting a lot of companies to the area. Stop Bridge traffic and not much traffic and is within an hour or so from all the great attractions :-) Thanks again for all your great videos keeping us informed! Enjoyed watching your intermediate fasting video. So fascinating.
    3
  40940.  @MichaelBordenaro  yes my hubby and I watch a couple of your videos every nite here in hotter than hell Arizona. haha, in quarantine 4 5 months, hope to get to Florida where there is water! thx again Michael
    3
  40941. Hey! Nothing about condos but do you know anything about naples? Are there any inexpensive rental properties in that area?
    3
  40942. Nice walk! Thank you fren.
    3
  40943. I got a good chuckle when he said that.
    3
  40944. Hello bodyguard James .
    3
  40945. First
    3
  40946. Whats your thoughts on Redfin?
    3
  40947. Hello Michael, its Randall here. I sure can relate to your experience. I don't have to be on vacation to have the restless nights you speak of before a car show, or a auto race I'm going to, or before a weekend get away. I lose sleep packing for the vacation and getting on the plane early in the morning. As a result, I arrive on the first day of vacation a little worn down. We end up sleeping in or just chilling out the first day. Vacationing can be like a job LOL, just to do it. I have learned to pack earlier and to pack less. Also I have learned to purchase less trinkets for family and friends, this way I can avoid having bags to heavy that I have to pay for or lug around. My Dad refuses to travel, he was in the military and traveled some around the world. He says "I have been everywhere I want to go, I have spent years getting my house just the way I like it, why should I spend money to leave it to go somewhere I'm not going to be as happy". I think you can relate to this, I know I do. On the other hand, my desire to learn and experience the world's nature and it's diverse people, plus my passion for cars and auto racing are what make me want to travel. This is why I so admire and I'm inspired by your cross country trip. So, thank you. I think my Dad has it right for himself, but that is not for me. I have to go see and touch and experience this beautiful world we live in, before we mess it up. I relate to how you miss your life when you are away. I miss my life at home too, when I'm away. If I were in Florida, where I dream to be, I would miss being home too. I know when I get there, everyday I will be spent in a little bit of my paradise. Paradise is different for everyone. Enjoy!! Appreciate you!.
    3
  40948. Will rentals ever come down and how much
    3
  40949. Make a video about the results on the housing market if the debt ceiling isn't raised
    3
  40950. Great advice to adults living or moving in with their parents! Thanks Michael.
    3
  40951. Miami is sinking, it’s inevitable. Just like other places in the world that are below sea level.
    3
  40952. I can’t watch like I normally do! It starts with a countdown and then it starts with Michael talking half way
    3
  40953.  @MichaelBordenaro  Hahaha.. I hear you.. Well, right now at my time at 2:18pm here in Chicago it is cloudy and raining off and on for the day☔😢
    3
  40954. Thanks Michael for making this video a lot of the things that you addressed in this video have been things I have been thinking about things I didn’t think about just starting this process is by myself is kind of overwhelming and not going to lie a bit scary to
    3
  40955. Must be nice living in Miami Beach listening to jets constantly flying over.
    3
  40956. Thirty years ago, my first FL apartment was at 3000 S. Ocean Dr., Hollywood Beach, across the street from your no. 9 at 4001 S. Ocean Dr. listed at $2200/mo. Back then my 2/2 1400sf apartment was $700/mo with a wide, direct Intracoastal view. Oh, and your no. 10, Riviera Beach, "has one of the highest crime rates in America," according to neighborhoodscout.com https://www.neighborhoodscout.com/fl/riviera-beach/crime
    3
  40957. Easy way around this, don’t sell.
    3
  40958. Just keep your eyes on Vegas and Arizona. Every turned down in the housing market have started there. There is an increasing Amount of supply and an increasing amount of discounting in the secondary market. Still not convinced of a crash due to the high number of jobs. Generally only a crash comes when people HAVE to sell.
    3
  40959. What part of your video supports the headline that 3% rate owners are foreclosing? 😊 and please quantify the absolute change. Mentioning relative % change is misleading. If foreclosures went from 4 total to 8 that’s a 100% increase but still a drop in the bucket in terms of affecting the market.
    3
  40960. I know this is a slighty old video, but I love how you communicate things so honestly , me and my family have really wanted to leave California and go to Florida . The thoughts of the beaches, wildlife , culture and most importantly freedom has been keeping me going, while we wait for the right moment to leave . I grew tired of California a long time ago and I’m only 19. Keep doing what your doing, your videos have given me hope again . 😊
    3
  40961.  @MichaelBordenaro  Florida is definitely an attractive destination, I can’t wait until we can finally move there ! 😊
    3
  40962. Hi Michael, great content, I think for this people is already to late. They will never get what they want in my opinion. I believe real estate has become crazy and unstable. I also Believe that people in Miami will, at the end suffer more then other areas as they tried to take advantage of the situation. The good thing for Miami right now, is that some good companies are moving here. The bad thing is that people in general in Miami do not follow business rules. For example: real estate developers, real Estate companies, property management, investors etc. Do not follow "GAAP" which is mandatory under the US accounting laws, and now many companies in Miami are hiring people from out of state because of it.
    3
  40963.  @MichaelBordenaro  I am a teacher in Broward county and we are experiencing a shortage of teachers. I wonder the exact same thing. The starting salary for a teacher in Broward is $47k. Who can live on that in Broward county?
    3
  40964. I really enjoy your channel. Great topics, well thought out, great voice and cadence.
    3
  40965. I would be suspicious too when mainstream media reports good news.
    3
  40966. Very informative! I can honeslty say, you keep it real in all of your vlogs!
    3
  40967. Hello again Michael. Congratulations on your purchase. What a fantastic deal, a 3BR at a 2BR price. Wow Thanks for another great topic and a walking talking video in beautiful south Florida. I agree off market is a way to find the best deals. The same thing happens in classic/exotic car sales. I'm a gear head as you might remember. Car clubs, friends, even estate sales are ways to find great deals no matter what you are looking for, from real estate to cars. I'm really happy for you and Lizi. Hope I got spelling right. I know you really wanted to stay in south Florida because you didn't want to move; and, one of the biggest issues was Lizi's business would need to start over, if you moved. I could see that you didn't want to upset that back on your tour around Florida. It's a wonderful story how this has worked out for you with Lizi's social skills helping. Best wishes two you both and I look forward to each of your vides. I always learn something and they give me confidence to keep my Florida dreams alive regardless of market forces. I still see opportunity in Florida in part because of you. Thanks Bro!
    3
  40968. Love your honesty - makes me think about my mistakes as a mid 50's guy! Thank you.
    3
  40969. Thank you.
    3
  40970. Welcome to Florida. I’ve been in Miami for over 33 years. My experience is that people here have a lot of money or extremely poor driving fancy car’s. I don’t understand how people manage money here. The people with money are buying everything and punching out the poor. I don’t see a crash anytime soon here in Miami, we have absolutely no space to build and a shortage of homes. I see a correction in the near future but probably not this year. Homes in my area as of today are selling above asking price and record time.
    3
  40971.  @MichaelBordenaro  Any idea why this was the magic year where homeowners insurance started doing this? Was some law passed or something?
    3
  40972. What’s wrong with Capping annual rent increases? Did my 352 unit complex really need to raise rents 41%? An additional $176,000 of rental income per month?. An extra 2.1 million annually? In Lakeland, Florida. Orlando was asking for a 4 or 5%cap. I’d be happy for at least a 10% cap. I saw that hearing live. The Mayor threw all those struggling people that work hard under the bus. No Demmings for me. My rent is up $625 in two years. Used to be $30-$40 extra annually. Last increase was $500 a month. People are moving out left and right. 13 unrented units last I looked.
    3
  40973. This another super duper powerful video….folks in the comments are on point!!!!…..if i share my story from Lakeland,Florida….folks would cringe!!!
    3
  40974. These rental owner associations think "What else will people do? They will have to pay it." Unfortunately, the IRS, insurance and power companies say the same thing. What will people do? Become the impoverished homeless and squat in your unoccupied rentals until you find and evict them.
    3
  40975. Good for you, get well soon buddy!!!🙂🙂🙂
    3
  40976. Great video
    3
  40977. I manage a few of my partners beach houses on Bonita Beach, looks like I'm about to be swamped no pun intended
    3
  40978. I call that "twin peaks" buying high-finance even higher.
    3
  40979. Are the interests rates in the 4s?
    3
  40980. We live in the B section, which is very close to all the business on Palm Coast Parkway. Access to highway 95 is just 5 minutes from our house. There is so much potential in the Town Center for more industry development, which would be right next to our City Hall. The city is bringing more medical facilities to the area, so that's a plus for working professionals in the medical field and the community. The town is only about 20 years old, so it needs more time and leadership to develop. I would say it's an up-and-coming area to keep an eye on.
    3
  40981. Awesome video Michael! A lot of helpful information as always!
    3
  40982. We are in unchartered territory. Tread slowly. Stay on the sidelines.
    3
  40983. Really accurate video.
    3
  40984. I was just looking at charts from 2008. It took exactly 10 years to recover also.
    3
  40985. This area seems so peaceful and lavish. I have been thinking about moving to FL for quite some time. I visited Miami back in 2016 and had the time of my life. I wish it weren't so expensive otherwise, I'd be there right now. 😊
    3
  40986. My threshold as a category 4. That’s when I’m gonna evacuate. In North Florida we’re gonna get a lot of storm surge in Jacksonville Beach. I live on the second story of my complex. I picked that intentionally lol because I am so close to the intercoastal also. But it’s definitely smart to be prepared for no power for 5 to 7 days . And I’m like you, I’ve been building my supply over the years. And I’m pretty well stocked up. I just switched stuff out in. Every year you know a little more.
    3
  40987. What an amazing day!
    3
  40988.  @MichaelBordenaro  Thank you so much! It is still pretty much daydreaming, but working on or teaching film in Miami sounds like a great combination, and your videos are providing me a very nice and concrete ground! Once again, keep up your good works! And greetings from Portugal!
    3
  40989. I will wait. I'm not FOMO! I will win!
    3
  40990.  @MichaelBordenaro  I already see prices coming down a bit and houses sit a bit longer. With FED going to raise rate 3-4 times this year. I will wait and laugh at those greedy sellers lol.
    3
  40991. I've switched back to cash much more when the Canadian government stole $$ from the trucker protest. The US government would love to have that kind of control
    3
  40992. I really needed this video...Three months...and I am there...
    3
  40993. Taxes in Florida for main residence protected by Saves Our Homes Act. Does not apply to second homes, land, or commercial property.
    3
  40994. 3:53 There is a government grant at play there. I have forgotten the details since the meeting on Fairway's program was six-ish months ago in central Indiana.
    3
  40995. Hey when you do the screenshot of the walks if you wear an apple watch you can go into fitness and it does a map for you
    3
  40996. Great idea for a video! ❤️
    3
  40997. This is pretty spot on for Florida coastal or major city col. However, if someone is looking to live frugally in Florida, come to the rural areas. In some areas, 1600 sq ft NEW HOUSE is around $140,000 and that's with a bit of land. Not coastal property, but the coast is not too far to have a day trip to the beach.
    3
  40998. We got lots of out of state plates from Florida in Denver. Incalculable, and I don't think they're just on vacation.
    3
  40999. Where are the sunglasses? LOL!
    3
  41000. Excellent ^^
    3
  41001. Great video, Michael! You know I love your walk-and-talks! Beautiful, peaceful neighborhood. As always, thanks for sharing this great and valuable information! Have a wonderful weekend! 🙂
    3
  41002. lol. Shirt with sleeves 😂
    3
  41003. livin the dream
    3
  41004. Prices in IL doubled for car registration and insurance is way more expensive as well. So , no Florida prices are normal
    3
  41005. Yes , Florida is the better choice! IL really sucks these days :(
    3
  41006. Thank you Michael !! It is unfortunate that housing market in U.S is affected by so many factors including outside investors , people constantly moving around and trying to cash in and flipping houses without living in them, people buying houses and renting rooms to pay their mortgage and now the renters don’t have a job to pay their rents , big investment companies buying houses and renting them and on and on !! Why not be like the old days buy a house to just live in it and pass it on to your kids and make sure you have enough money to do so ! But I guess people don’t think that way anymore ! On the positive note ! Can you start a channel only to teach guitar and what’s the best guitar for the beginners ? Lol !! 😃🎸🎸🤩
    3
  41007. I am glad I have walked the beaches in both states. That was why working for the airlines benefits us.
    3
  41008. Having to walk and have sand between your toes are nice in the warm weather all the time.😁😁😁
    3
  41009. Thanks for walking on the beach.
    3
  41010. Haven't been getting that much rain in Saint Petersburg, Michael.
    3
  41011. Thank you bro.
    3
  41012.  @MichaelBordenaro  do u think house price will go down in a near future 2020-2021?
    3
  41013. 100,000. To 200,000 would be a good price range for me and my next door neighbors.
    3
  41014. Thank you for this segment, very precious
    3
  41015. Plus the 1st one w the condo the HOA can go up ‼️‼️
    3
  41016. Ooh yes! You are a part of it! You know, if you have only 2 weeks per year in FL to make desiccions for your future.. it helps a lot to see the parts of whole FL, where the best parts for tourists are and also to live and build my family life. Thank you🙏
    3
  41017.  @MichaelBordenaro  I went to the PNW for a week and loved it. Also been to Florida a few times. We currently live in Wyoming. Wish I could do both.....lol
    3
  41018. So glad to have a recently renovated house at 150k close to centre of San Antonio TX and I got it at 2.73 % interest. Best investment ever!
    3
  41019. High maintenance fees doesn't necessarily mean that maintenance is being performed.
    3
  41020. The sand here doesn't look like the hard coral I've experienced at some FL beaches. Love beaches with powder like sand. Do those tend to be more on the west coast or up by Panama Beach areas ?
    3
  41021. Yep. Costs skyrocketing
    3
  41022.  @MichaelBordenaro  oh okay; I'm looking for rental in Orlando, Florida at least 2 to 4 bedroom house. Not to expensive and that had a car garage if it's possible. Or do you have a ligit website where I can search and won't be scammed.
    3
  41023. If you are living BELOW your means & not carrying debt the World sure looks different. For many decades I skipped out of State vacations / brown bagged lunches / paid off credit card balances every month. Drove one car for over 17 years ! The worry is gone. Sacrifice paid off. The home is paid off / the car is paid off. Thru my lens the world is far less scary. In fact I can sleep easy knowing I have over a year of emergency money in the Bank if any disaster strikes. I put away about $600 / month in my retirement accounts sometimes a little more.
    3
  41024. Well in San Francisco you could only go without a mask if your last names are Newsom and Pelosi, but I digress. California is absolutely beautiful, probably the most blessed state as far as natural beauty is concerned. But the insane politics, taxes, business regulations, homelessness and overall expenses are untenable. Florida is getting just about as bad but at least it’s warmer and the politics are better. I have lived in both states but now live in the Caribbean
    3
  41025. Congrats on your purchase and hope all goes smoothly! Very timely information so thank you for that. Everything has fallen into place for me to move this year. Now I just have to decide on renting vs buying.
    3
  41026. The 2nd one!
    3
  41027. Keep showing the homes. It’s a great part of your videos.
    3
  41028. Yeah that's crazy so is that like half your income after taxes for the average home price 20% down 30 year if you make 70k?
    3
  41029. Hello Michael, There is no reason to worry about it. I love FL, especially Miami. And that is why I had some extensive researches about the disaster. There was no explosion, there were no unexpected incidents, nothing. In fact, the foundation of the building was already corroded and its concrete was already cracked two days before the incident!! Thus, it should have been expected long before the incident happened. With that said, I would never be worried about my condo if I were you. Just hire a "structural engineer" (not an architect nor anything else, but a good structural engineer ) and confirm your condo and its ground foundation is good. My only fear of highrises is still just getting stuck in elevators :P be happy and grateful living there. I still have years to battle to finally be able to immigrate and live somewhere near there (hopefully!)
    3
  41030. Love the picture on the table behind him. Lol
    3
  41031. Great 👍 I missed your videos
    3
  41032. Coastal GA our beachfront condo building hazard renewal was 4x the amount it was last year, and we feel lucky to even have gotten coverage. Only 2 companies writing policies on buildings like ours vs. 16 last year.
    3
  41033. Thanks for sharing! This was very informative 👍 Up until our chat on the last video, I hadn't fully grasped how much the market is changing down there. Looking forward to seeing the next round
    3
  41034. there are no more people with money anymore. everything is too expensive.
    3
  41035. Lenos, the Orchirds, and Baker by the Dozen are the only things that keep me in Illinois.
    3
  41036. And how is it now business and job wise for restaurants and bars? Are people back to work now ?
    3
  41037. My sister lives in Florida and I asked her about Gainesville she told me not to go there. Most of the other places I’m still considering to move to in a few months. There’s crime anywhere you go anyway. I live in NY enough said 🤷🏽‍♀️
    3
  41038. So so so pretty, yes Miami is super costly, but darn it's a pretty place.
    3
  41039. Plz do a walk around coral ridge country club in ft lauderdale, just bought a house there!
    3
  41040. Love the format!
    3
  41041. I am.closing at a high interest rate and inflated property but I will be still ahead..Rent in NJ too high.
    3
  41042. My hometown McDonald's is like a Ghost Town. No lines to speak of in the drive-through, you pay at the second window and two people in the front when you pick up your order.
    3
  41043. I was looking at houses in ST. Augustine (my fav city in Florida.) Could not get a 3/2 near the beach for less than $500K. I bought near Ocala.
    3
  41044. Surely the must be average working class people that have had years of disciplined finances to predominantly include saving. SO when the bottom comes they pay cash, interest to them has no bearing on anything and those people are justly rewarded. This is the example that must be somehow impressed on society. I never hear this. Borrow, borrow, borrow...nuts!
    3
  41045. You guys have whole foods grocery delivery?
    3
  41046. Funny story November 2019 we wanted to drive on the beach since I had done it as a kid and it was free back then but this time it was windy and freezing I had a winter coat on and the water was so high it was half way up signs and was closed to drive on unless you’re car was a boat!
    3
  41047. Content is good, but I like looking at the neighborhoods. Really differentiates this guy.
    3
  41048. Good info, looks sunny there. Looking forward to more videos like your "south of fifth " ones. Thanks Mike
    3
  41049. Hey Mike, when do you think you'll do live streams?
    3
  41050. Great thanks for the reply.
    3
  41051. Thank you for the podcast. Imo, it could have been shorter.
    3
  41052. Happy birthday man and congrats on the 1k subscribers!! Cheers to many more to come 😀 So glad to see that your hard work and perseverance is paying off!
    3
  41053. We visited there in June. The sand was shells (which I hate) and the water was like bath water. Not refreshing at all when you hot!!
    3
  41054. ...I'll get a condo all the way...
    3
  41055. Definitely stop in Navarre Beach, Fl between Pensacola and Ft. Walton/Destin!! Even if it is just for you.😊 It's beautiful!!
    3
  41056. We just bought in Boca 😳😅 East of Federal. We plan to build. We love our location but also know we overpaid. Anyways we sold high in California also.. all relative I suppose.
    3
  41057.  @MichaelBordenaro  thanks Michael!!
    3
  41058. Great video! I believe there will be a crash. Property taxes are going to jump for those who paid too much for their homes.
    3
  41059. Really appreciate a non- biased view of 2 awesome states. I’ve lived in Both states; years ago as well as recently. Moved from California desert city to Florida East coast city, near you then up the coast a bit. Timing is crucial. Affordability, season, do you have a support network of family, friends, community, what’s your native language, what is the overall culture of the area, are there higher education opportunities, art, music, is it pet friendly, is there good medical care, are you part of a couple, are you single, what are your interest; both personal and professional,All of these factor in. I’m in 1 of these states now and planning to go back to live full time in one of them and keep the other one for a ‘ hey that’s a nice place to visit’ as the other. The timing was just not right for me living in one of them right now ✌️🏝🏖
    3
  41060.  @MichaelBordenaro  😊 So, which would You personally Keep as home base at this point in time and which would you Keep as a place to Visit?✌️
    3
  41061. Does Sarasota get typically hit by hurricanes?
    3
  41062. You have a nice tan my dude!!
    3
  41063. i lived in florida first 20 years of my life moved to colorado and now i feel like florida is calling me back do you ever feel like illinois is calling u back or did u find miami as ur new home over all
    3
  41064. @14:48 First, I find it hard to believe people are honestly “unaware” of a second mortgage on their property unless it was done fraudulently. Second, a full and complete Title search is required prior to closing all modern day mortgages and would have caught any outstanding liens on the property. At the very least it shifts the responsibility from the homeowner to the Title company.
    3
  41065. I just love how things run in La Florida!
    3
  41066. Prices are absurd. I built a 3/2 house with full basement years ago for $21,000 . The reality today is that few people in actuality can afford a new overpriced house. I grew up in N Miami and the house I grew up in cost my parents $13,000. They paid their mortgage off in 3 years.
    3
  41067. Ridiculous price. Its just a shelter, four walls and a roof. WHAT ARE PEOPLE REALLY BUYING???
    3
  41068. Absolutely stunning, no matter where you are you can always appreciate Gods work.
    3
  41069. Love your channel Michael. Yea warmer in Miami than Tampa in the winter. Although I remember an early February trip to South Beach. Weather changed and a storm came. Power was out in the hotel for a while. No heat. It was freezing cold all week and at night people wore knit hates and winter coats. That was really strange. I froze the whole week
    3
  41070. Did you move out of Florida?
    3
  41071. You’re really on top of the pulse for current events and thanks for doing the Coconut Creek video! Hope you enjoyed the cheeseburger
    3
  41072. If you look at the "All-Transactions House Price Index for the United States" from the St. Louis Fed (FRED) you can see that the current price level index of 629 (Q3 2022) has doubled in in 10 years (from 313 in Q3 2012). Before that, it took from Q4 1988 - so 24 years - to double. That in itself tells you the increase is unsustainable. Before the financial crisis of 2008 it took 3 years - from Q1 2004 to Q1 2007 when prices accelerated the most - to reach a peak (an increase of 27% from 300 to 381). From Q1 2021 to Q3 2022 the index increased from 484 to 629 - a 30% increase. It's the fastest increase ever in the US. That in itself demonstrates an unsustainable increase. If we project forward with the increase rate that was from 2012 to the pandemic then it shows that the index level will reach a "natural" balance point of around 550 only in 2025. That is a 20% decrease from Q3 2022.
    3
  41073. @15:06 looks amazing and @28:38 doesn't feel like you're in Florida but more a tropical island!
    3
  41074. Could you please post a walking tour of Midbeach closer to the beach? And point out the apartments there you like :) Thank you!
    3
  41075. What happened to all the people who said they would move to Canada if Trump won? Did they not come back to help out the local governments? 😂
    3
  41076. Azure tide offers a course for 50 bucks!
    3
  41077. Ah Michael - great video, lovely part of Miami to show us. It reminds me a lot of Santa Monica (Cali) with the mix of old and new and mixed use buildings which I lived near for 20 years. For the last 14 years, I've been in Ireland for the most part for my parents and when I return to the States I'm going to Florida - you are so right you would not get a 250 sq ft kitchen in LA (in a bad neighborhood) now for that price you can live on the beach there. And if (when) my numbers come up, you're my realtor! when my Dad visited me in LA once we went to Miami and I swore when I hit 50 I'd move there but I came home instead. There was an apartment for sale around that area for $49K and boy do I wish I had moved then and there. I bet you're glad you picked Miami over LA now. Do you have any concerns with the water rising in that part of Miami yet? I've watched a few videos now with residents concerned about it but also the City working on improvements to do what they can.
    3
  41078. 25% of homeowners have a mortgage rate of 3%. 65% homeowners have 4% rate. 42% homeowners have higher mortgage rates. Figure out how not to get screwed by capital gains tax on home sales, I'd sell today, & have a 4% mortgage.
    3
  41079. Download the paperwork and try doing it yourself. Buyer's agents have been so disappointing in my experience.
    3
  41080. Wait until the deflation impulse that is coming on top of all of these issues you mentioned. I think in the future you're going to be able to buy an older but decent place outside the city for 100K here in Florida. Then you could pay cash, self insure and not have any of these problems, except for power water sewer and tax's along with the possible ESG mandates that may force upgrades. The only way I could see forced upgrades is if they refuse to turn on your electric unless you get it done. The more probable way they're going to do this is by refusing insurance and mortgages on the places that don't comply with ESG mandates.
    3
  41081. Where do you live?
    3
  41082. Great video Mike that sound of the ocean is so peaceful.Do they rent rods and reels on the dock?Keep up the awesome content,be safe down there.
    3
  41083. Mike - long live Florida - it will never die!!!
    3
  41084. Typical poor ppl mentality; live only for today. Have no sympathy.
    3
  41085. What about the cool farmers market in Venice ?
    3
  41086. Brilliant brilliant brilliant idea and video. Would love to see more especially around Boca Raton, Delray Beach and West/Palm Beach 🏖 (maybe Jupiter as well)
    3
  41087. Thank you for the great info Michael!
    3
  41088. If hamburgers were $180 , i wouldn't buy one. Same thing with overpriced homes . I think its funny to see all the sheep going into the slaughterhouse. You tell them they are buying at all time highs, and rate are at all time lows, and open a history book, or look at Japan....and still they dont get it. But i respect home buyers at the top, then i do of any cryptocurrency buyer....who buy worthless computer code. That is a mental illness.
    3
  41089. What happens to the EV batteries as they age?
    3
  41090. Omg, I was literally watching that video too about the new "golden girls".....lol....
    3
  41091. Awesome Michael many thanks!
    3
  41092. What about the red tides issue on the West Coast? Does that play into the equation at all when choosing cities on the Gulf side?
    3
  41093.  @MichaelBordenaro  Thank you!
    3
  41094. Seeing your record scene is fun. Your channel will grow so fast and helping so many people. It’s my favorite channel. I like it because you are so kindly tell us how to ABC instead of assuming we all know everything and have a lot of money to invest. All the little detail of costs and concerns that I have, you get to think with me and talking to me from your experience. I wouldn’t have made a decision to move to FL without having confidence from your channel.
    3
  41095. Well look at Stanford University they are proud they rejected 75 percent of applicants that’s scored 100 percent in the SAT! Aren’t we lucky!?! So the kids that worked hard , got good grades etc are being penalized! They are rewarding mediocrity… immoral! This world is not right!
    3
  41096. The house prices in CA are outrageous, you could get a 5000 square foot mansion for $900,000 here in NC with lower insurance and property taxes.
    3
  41097. Man that makes me miss my place at the Murano Grande when it was built. It's nice to have everything under one roof. I loved walking everywhere. 🙂 love the vid.
    3
  41098.  @MichaelBordenaro  we paid around 350k back when it was a new build, I've kept a watch on it and my old size units ,2 bed, are over a million now. Crazy
    3
  41099.  @MichaelBordenaro  oohhh boy Yes it would
    3
  41100.  @MichaelBordenaro  Thank you very much for your response 👌👍. Your videos are very informative about Florida and has helped me a lot when it comes to move there or not. Great videos! Keep it going! 🥳
    3
  41101. Thanks Mike, nice hearing you explain this stuff.
    3
  41102. I’m hoping to drive to St Augustine to view the holiday lights. My first time to see your favorite city. As a solo traveler, it’s tough finding a nice, safe place to stay that doesn’t eat up my whole trip budget. I also don’t want to be sitting in traffic the entire time because of my lodging’s location. Any advice or tips? PS, I miss your Florida travel videos.
    3
  41103. Hey Michael🙂 Beautiful scenery and ocean views🌅 You know, it sounds like a person truly has to do their due diligence. Research every company and every person. Try to find out as much as possible before you sign on to work with anybody. Seems that if someone costs a little more that may indicate their level of workmanship. Welcome to the jungle 😳 Hello Miss Lisi 💗🤗
    3
  41104. more than $5000 rent per month those price is insane.
    3
  41105. I hope these people with crazy car payments start selling them and pushing the used cost even lower. This whole insanity started with the cost of a used car being above a new car, but the new cars weren't available during and closely after the pandemic.
    3
  41106. 12:57. Agreed! Not true, myth indeed. Better to keep a credit card open and make charges and make full payments to clear it, and try to get a rewards card which gives you cash credit rewards for full payment before end of month. Not good to open and close different credit cards, I think that could lower one’s credit score.
    3
  41107. With a 30 yr loan. If you pay one extra payment towards principal each year you will shave close to 15 yrs off to ownership.... extra principal and savings of interest really adds up.
    3
  41108. Thank you Michael 🙏
    3
  41109. Lived at the Sterling for about two years :) beautiful area
    3
  41110. I hate Illinois! Can’t wait to leave.
    3
  41111. Something I don’t understand is that we hear repeatedly climate change is happening now and yet a lot of wealthy and educated people spend millions on places near the water in Florida. Why isn’t there a fire sale happening with houses going underwater? Are those rich owners stupid? Or maybe climate change is over blown?
    3
  41112.  @MichaelBordenaro  When ur online dating & all these dudes are 'introverted extroverts'... Man, now I'm just sad😭
    3
  41113.  @MichaelBordenaro  thank you, it feels good to be back
    3
  41114. What about public transportation? If so, is it easy and close by?
    3
  41115. Must relocate for peace of Heart mind. We veterans require fresh air/water and Epstein didn’t swim by himself…🤳😉🇺🇸 need help…
    3
  41116.  @MichaelBordenaro  thanks for replying. I never think of buying a house to rent it out. Since the economy is so bad, the house market somehow gets my attention. Of course, if investing in this I will choose to finance. Is it possible for any house under $150k making a good ROI in FL? If so, what would your recommendation be? Is Fort Piere a good location per your local view point?
    3
  41117.  @MichaelBordenaro  is there anything special about Fort Piere that I should be aware in term of hurricane, weatherwise, etc...? I will look into the other location. Thanks Michael.
    3
  41118. Everything goes in cycles.
    3
  41119. GREETINGS MICHAEL 🏜😎🌴
    3
  41120. Damn so close to 646 W 51st St, Miami Beach....You need to highlight that property! Miami real estate is wild. That was not a flip
    3
  41121. Great advice Michael. Thanks.
    3
  41122. I bought a fixer upper in Fort McCoy. Which is NE of Ocala. Lots of horse farms. Very rural. I hope to move some place more permanent in December. I've seen lots of condo's in Boynton Beach and Delray. They are cheap but then they ask you to pay $70,000 country club fee.
    3
  41123. Some people have a lot of money but make very little w2 income 😂
    3
  41124. Great video michael
    3
  41125. We have entered into The Greater Depression ( a term coined by Speculator and International Man Doug Casey ) The Greater Depression will be much much worse and longer lasting than what occurred during the great depression of 1929 to 1946.
    3
  41126. Thanks for this very nice video and congrats on your 11.1K subs !
    3
  41127. Unfortunately, the fear of liberals moving in and supporting the policies they fled from is a legitimate concern! Take a look at recent political histories of New Hampshire, Colorado, Austin,TX,
    3
  41128. You should look in Lattitude Margarittaville in Daytona beach. 55 plus community with lots of amenities. 1 hour from St Augustine
    3
  41129. Crazy as it sounds but the Bay Area is not over valued considering all the high tech and the demand for single detached homes are just insane.
    3
  41130. 🤔🤔🤔🤔🤔 I went to My local WALMART in Naples FL today and as soon as I walked I was surprised at how much Clearance inventory was in your face. My mother inlaw works the night shift in Walmart and she has been telling me there is Heavy clearing going on. I am not buying anything i need now i have a list of things and I'm waiting for big DEal coming up soon!!!!!!!!!
    3
  41131. Just moved to the panhandle from Atlanta, and I’m kicking myself for not doing it sooner
    3
  41132. I had no idea it rained so much in Florida.
    3
  41133. Well put, great video.
    3
  41134. I like your videos.
    3
  41135. Sorry but I'm glad things are going down. Ya ya interest rates. Well when I buy it will be cash and not anything elaborate. Thinking 2024
    3
  41136. Hi Michael, I really do not get your point at all. As you are in CA and I am from CA, lets talk about facts: In CA the renter in general pays for water and power, so that evens out the expense of monthly expenses, Also many landlords now require renters insurance, even if cheap is an expense. I do the same in my properties in Miami, Sarasota Etc. If the house has a garden, I given the option, that I pay for it or they do, and I give them a discount if they do. But I never pay for pay for water and power, learn my lesson with that one. But as of expenses, the only real difference is the buyers Insurance. If you buy a home, the buyer pays the down payment, mortgage fees if any, closing cost and prorated taxes ( The later depends on negotiations as well) Unless you buy a fixer upper, then you know you need to add money to fix it, Or the seller did not disclosed all the problems with the property, that been illegal, is the recourse of suing, which I do myself if that is the case. Is mandatory by law for the seller to disclosed any and all issues with the property, is no recourse for them to say I was not aware of it. Ignorance of the law is not an excuse. I do not see any further expenses. Yes it could be a water heater that breaks or an electric meter, etc, but I have never in all my years in investing faced that issue, buyers must do their home work and hire their own people to inspect the home properly, and I mean properly, attic, under the house, Electrical, Piping, cracks, flooring, windows ( this is very common in Miami, that he windows are installed and they are not at code at all, happened to me; the city inspector came after install, I waited and then called my contractor and showed them they where not at code. ( they where over 1 1/2 inch shorter on each side and fill the space with cement, that is not at code, they must be redone or re-framed) you get what you pay for, good inspector have the right tools but they are more expensive. So could you kindly tell me about any other expenses?
    3
  41137.  @MichaelBordenaro  Thank you very much for your reply. I am going to think that this applies more to first time , inexperience or impulse buyers. I am none of does. First each property I purchased that it is for me personally or as an investment. I see each purchase as an investment regardless. Your points are very valid of course. I do hire very expensive inspectors, that even detect mold in the walls, roof, etc. they also use infrared equipment and any and all issues I negotiate with the seller, even the roof, electrical wiring, piping, If not I walk away, many of this homes will finish by been money pits for sure and you are correct. In such cases I make an offer for the land only, if not I walk away. Thank you Michael, your points are very well taken, and I am sure first time buyers or inexperience buyers will appreciate your input.
    3
  41138. 30% raise last month....30% in 2020. Increased yearly bonus Make double what we did in 2018 but i know that's rare Husband works for accenture, great company! Both were promotions, but they have a promote or fire policy, so i mean most are getting promoted
    3
  41139.  @MichaelBordenaro  and we're making 300k off selling our home. So when people think all cash buyers are investors, not us. Not the ones who made offers on our home either, all families
    3
  41140. Average San Francisco price
    3
  41141. Sunlight helps eczema. I do have a fear of bugs and snakes. But though I don't see snakes in NYC I see plenty of bugs all the time! I hate it it might as well be in a sunny place instead of an ice cold trash hole filled with crime! I live in a "luxury" building but we are not spared from the new problems in NYC and its not so luxurious! Its only livable 3 months out of the year! Florida is not expensive compared to NYC. Even the nicest areas in Florida plus they offer better weather and environment in Florida. We have been to many areas of Florida and the drivers are bad but the traffic is minimal compared to what I am used to. We have sat in traffic for 5 hours to go 20 minutes in NYC. People are driving now to avoid being attacked on the subway. This is a good video! We want to explore the idea of moving to Florida more.
    3
  41142. HOA's learned how to steal from their residents by studying how the government steals from the people.
    3
  41143. Michael, Great Video !.....The American Dream is Not dead, as long as Americans can Dream !!....Sacrifice, Discipline, Good Attitude and Hard Work....Can Make it Happen !...Terrific uplifting video......Thank you .....
    3
  41144. It reminds of Kankakee Illinois
    3
  41145. How do you like it compared to Miami?
    3
  41146. have to pay rent for a roof over year head ...the owner still has to make a house payment, pay insurance ,property taxes , utilities , trash pickup , water bill
    3
  41147. Love the video. I too love the nature and quiet time . Keep up the good work.
    3
  41148. Congratulations on your new purchase. Good luck and blessings 🌴👍
    3
  41149. The warmer the weather the more expensive it gets lol
    3
  41150. That right no more social life for all of us low end hard working middle class..Don't waste another dollar at any restaurant, etc, etc, etc anymore! Let them all fail too or let the rich support them!
    3
  41151. Great video man. Thank you. Subbed
    3
  41152. I’m in this same situation right now, 20 years old, want to move to Florida from Illinois and get into real estate. You think it’s worth getting my real estate license here in Illinois first and then getting it in Florida? Or just getting it in Florida? Thanks
    3
  41153. Michael Bordenaro thank you for the quick response! The reason why I even though about getting an Illinois license was because I gotta take care of a couple things in Illinois before I can make that big jump, so I thought might as well start learning about real estate and bring some of that knowledge to Florida
    3
  41154. It's a blessing to be in a home with a cabinet with that much power. Anticipating your next video!
    3
  41155. Gary Indiana doesn't surprise me. Places with a high crime rate tend to be dirt cheap. Ohio being the cheapest is a bit surprising, I thought Mississippi would be number 1.
    3
  41156.  @MichaelBordenaro  Gary is not too far from Chicago. It's known for having a high crime rate.
    3
  41157. Wrong about the meta verse
    3
  41158. Great video! How’s the job market in these places?
    3
  41159. That is good you had your truck. It has been the same here with our snow. And the way the snow is melting and making a lot if water. Be safe.
    3
  41160.  @MichaelBordenaro  I hear you...
    3
  41161. I broke all of these rules….but..and big but..I bought in 2015 and enjoyed the greatest equity run of all time. To break the rules now is financial suicide.
    3
  41162.  @MichaelBordenaro  I like how you discussed and laid down the ups and downs of this specific model. So it's not all praises, I like how you're honest enough to tell us what you hate about it haha but over all, your car is a keeper bro! I love its color and the name alone speaks for its popularity. A Sweet Camaro
    3
  41163. Thank you for my dose of negative news.
    3
  41164. Michael, can you please explain how this mortgage rate buy downs aka rate discount points work? If I have enough savings, can I buy enough points when closing mortgage to bring down my APR to 0%? :)))
    3
  41165. I’m a sophomore in high school as of now and it’s always been my dream to move to Florida. I just don’t have any job ideas as of now so it’s hard to figure out what college I want to go to and etc. Any beginners tips like should I be saving money, finding jobs something like that?
    3
  41166. Can it negotiated that the sellers agent write the contract
    3
  41167. Great video. Thanks for the intel
    3
  41168. I've always owned a home before moving to FL 15 months ago. On your advice I rent a nice apt/condo and have not bought. Michael, I dont think I will ever want to buy again. Your advice is dead on. Forget about HOA, insurance, property tax that could add up to $4000. If a lightbulb goes out my maintenance is fully covered and fixed within hours. air conditioner not working, fixed. touch up paint needed, fixed. garbage disposal. you get the point. Thank you!!! The maintenance and work needed to maintain adds up
    3
  41169. Thanks, Michael!
    3
  41170. Wait, i think you say it backward, the High amount of buyers came after the lower the interest to the floor, not before..... the market was FINE before the C0\/i, that means because it the fed lower rates and sen Checks and Checks to people and PUMP the Economic with free money..... this was all create by them
    3
  41171. How do you think this new anti immigration law is going to hit housing market? Or will it have no effect
    3
  41172. I think the Tesla EV truck has halted production immediately because of reported unwanted self- acceleration
    3
  41173. I would expect these mortgages you talk about to be portfolio loans. Held by RKT and UWM because they are on the hook for 2% and the fundamentals are skewed
    3
  41174. I think proximity bias is real, people won't get fired for working remotely but they may lose out on promotions.
    3
  41175. Early bird at Naples
    3
  41176.  @MichaelBordenaro  you speak facts which Moran would leave a 2.6 rate and pay over 50 k or more to an agent to sell there home and might not even be promised to find another home with a 5.5 rate lol. While your looking for a new home your wife will spend that 20 percent down on bullshit! there goes your money . Money flys . I’ve sold 2 homes since 2017 .one thing I regret is selling real estate . Never sell pull out money but never sell .
    3
  41177. Even China that has twice the size of the US RE market is even facing a crash. This is a global economic crisis, as rates and prices go high, hunger and crimes will also be widespread. People be doing the grind harder this time to survive. Great work, man! Well done.
    3
  41178. What is the benefit for going into an office. For me nothing at all. Only my cost go up. 5 sets of clothes and multiple dress shoes. Gas for the car, prices way up. No great raises, etc, etc. If your company is climate change believers let them know all the cars sitting in traffic for hours a day is completely hypocritical if they really believe in climate change they should put their policies where their mouths are…
    3
  41179. IMO the rent prices would not fall in tandem with the real estate fall in price % wise
    3
  41180. Don't see how you're still walking after that! We're your witnesses! It's amazing how many folks this happens to. Please be careful! Good for you leaving it in. Real life. Love your channel. Thanks for all of your insights.
    3
  41181. 🔥🔥🔥🔥
    3
  41182. We are considering moving to Florida from the UK and your videos are truly the best!
    3
  41183. North of Orlando
    3
  41184. Las Vegas 1.5 For 3b 3b crazy
    3
  41185. Thanks Michael 👍😉
    3
  41186. Good video Michael. Thank you.
    3
  41187. My parents are the only ones I know of that benefitted from an ARM mortgage: they paid off every one of the homes before the first adjustment.
    3
  41188. The Liberal woman in Richmond, Va.Has more dollars than CENTS. She needs a new boyfriend:hand-pink-waving::hand-pink-waving:.
    3
  41189. Thank you & Merry Christmas!!!🎅🏼 🎄
    3
  41190. Hey Michael, I love your videos. I am watching every single one. I am planing to move to Florida within one year, but I will come for a visit for a couple of times in different seasons first. Best, Abe
    3
  41191. EXCELLENT EXCELLENT EXCELLENT answer!! Thank you man for your time!! Best, Leo.
    3
  41192. My Father called me out of my room at 18 years old and said he was about to give me the whole world . Luggage at the front door 🚪 and said its all yours to have
    3
  41193. Buy title insurance coverage for the lenders AND YOU 🙀🖖
    3
  41194. Yeah a live stream! But with you talking.
    3
  41195. Miami Beach is actually really cheap in my opinion. Coming from Boston where rent is literal double and it doesn’t offer any of the same benefits
    3
  41196. Think about when student loan repayment begins again on top of all of this!!!!!
    3
  41197. Thank you for this video on mobile home parks.
    3
  41198. good job
    3
  41199. Guy, these photos are staged with 3D modeling software. It is weird that you can’t tell
    3
  41200. I just saw an ad for the rocket card. A credit card with cash back for a mortgage what could go wrong!?!
    3
  41201. This a good one
    3
  41202. THANK YOU MICHAEL.
    3
  41203. I've been looking at properties in South West Florida for years. Every year I just keep waiting, for a while I was feeling annoyed and impatient waiting for prices to fall. Now that it's happening, I feel more patient than ever because if it takes a year or two or more to get to the bottom, I just keep saving money for that down payment knowing that I'm going to get a good deal eventually. I'm so grateful I didn't give in to the fomo and listened to experts like you and Nick. Thank you for telling the truth even when it isn't popular
    3
  41204. I’m in my mid 30s from WI and felt like I was listening to myself during this video haha.
    3
  41205. hey Mike don't walk to close to that building. not even sure how you got in parking lot
    3
  41206. What ever happened to assumable mortgages? seems like a good time to bring them back!
    3
  41207. Happy Birthday! 🎂 Planning a move in 2022. Had a plan to visit in Feb 2021 for a week maybe I’ll try to get time off and add another week to it. Thanks for the advice!
    3
  41208. Good collaboration~👍
    3
  41209. Let me guess, this is the Floridian? I think this is next to the curved buildings.
    3
  41210. could you help , they just sent me that I'm banned from all my family account, is there any possible or any solution that they reactive at least one which is my old account ?
    3
  41211. Answer to your question about Portland: A BIG HELL NO !!
    3
  41212. 🍀👍🍀🤔good advice, due diligence, living within your means ? 👍🇺🇸🗽🇺🇸
    3
  41213. I’ve done my looking around, I plan on moving to Florida by the end of the decade. Deciding between Clearwater beach area, or somewhere between Fort Lauderdale and Miami Beach, but the thing I’ve noticed in the areas I’m most interested in moving to don’t have affordable homes on the beach, just condos, so my question for you is can you remodel a condo? Are the laws for remodeling a condo in a building different from single family homes?
    3
  41214. Very nice and helpful video! I hope one day to have the chance to visit all the places you listed
    3
  41215. I almost didn’t recognize him without his blue blazer 😂
    3
  41216. I recognize the second landscape photo at the beginning as the alligator 🐊 pit!
    3
  41217. You mentioned a lot of crazy scenarios with home purchases. Is this going to be the same with condominiums or is it a better scenario predictably for condominiums?
    3
  41218.  @MichaelBordenaro  Yikes 😳
    3
  41219.  @MichaelBordenaro  It seems perhaps renting is the wise way to go for a while.
    3
  41220. Great input, I never really thought about it but what you said is spot on
    3
  41221. I am still not sure, what new home builders are thinking of buyers. A Perry home was asking $641,900 with 30k incentive for a 2490 sq feet, 4 bed, 3 bath In McKinney, Texas area . This is ridiculously high. This is a DFW area.
    3
  41222. Everything you're saying resonates with me to the core. Thanks for speaking the truth!
    3
  41223. Hi Mike, Your right again. The refi the property is a a horrible idea for all the reasons you mentioned. Heres another one. Did you know that the first year your paying 90% range of your mortgagee goes to interest, and it isn't till your 22-23years that only half of your mortgage payment goes to principal. You don't pay anything on your house till the last 7 years. When someone refi's they start the interest clock back to 0 again. Refi' ing is total slavery because they will never own the house, thats why they can be so creative with the financing, every 5 years they move the goal posts. Anything that resets is bad news. Being an Appraiser it breaks my heart to see people everyday volunteering to become slaves to the banks. Lets say you buy a house for 500,000 dollars at 6% interest you will pay over 1 million dollars for the house and interest. If you pay 500,000 for the house at 10% interest you will pay over 1,5 million dollars. Albert Einstein once said. The most powerful weapon in the world isn't the H-Bomb, its compound interest.
    3
  41224. Great video brother, also don’t complain about your hair it could be worse, lol.
    3
  41225.  @MichaelBordenaro  Thank you. We are trying. And I'm more concerned about hurricanes than my husband. We got here same week as Dorian, and I was thinking, what the heck have we done !
    3
  41226.  @MichaelBordenaro  ..well Thank you. Will keep that in mind. And then just being prepared will help ease my mind!
    3
  41227. I agree that making an offer sight unseen is the way to go right now. I must of called 30 sellers agents to make an offer on a property in FL in March of this crazy year 2021 and was told they were already under contract. I finally made an offer on a property 4 hours after it hit MLS and we signed a contract on DocuSign, and I did not see the property in person until the day of close of escrow because the agent did a virtual showing on facetime after the contract was signed while I was at home in CA, and then I had my property inspectors go there to do inspections on the property once we were under contract.
    3
  41228. Awesome walking tour!
    3
  41229. Yes it is. Love it
    3
  41230. Imagine being underwater and then having plumbing issues and then it floods 🏊
    3
  41231. Nice walking around, I wish I could afford one of those, but prefer having a fence, cheaper home policy insurance then! You can keep talking nice and understanding voice!! 😉 But got to drive to the grocery stores from this neighborhood no walking distance!!
    3
  41232. This was a too good to be true judgement. Someone needs to develop listings and assist in buying. This costs money, and the home seller and buyer both lose.
    3
  41233. And its only going to (saddly) get worse......
    3
  41234. Bluetooth game is strong
    3
  41235. Missing a deck, a pool/spa and that tree, you already know, A swing set!!
    3
  41236. I agree with you about Sacramento. Just sold my house last August 2021 for about $240k over value in my opinion. I moved out of state for a red state. My house gained $200 in less than 2 years. Crazy. I wouldn't buy it, thankfully I bought it during the last recession so I made a killing on it.
    3
  41237.  @MichaelBordenaro  you're exactly right! In my suburb of Sac majority of transplants were from the Bay Area. The woman who bought my home was from San Jose.
    3
  41238. I got a good one on extra expenses after you buy a place I've recently sold my house in California outside of san francisco and I'm planning on moving to Arizona but for the meantime I've moved in with my mom in her condo and have been taking care of her. My mom past last year and I am here paying the dues the insurance the taxes on it the other day I'll got a call from the HOA saying there's a leak under my unit and I have the bottom floor of a 3 unit building. Come to find out they told me the upstairs unit is the one leaking in my bedroom that they're going to have to tear up my concrete floor fix the pipe and put the concrete back. They told me don't worry about it. The upstairs unit is gonna have to pay for it which I do not understand because it's outside in the common area not inside the unit and now they told me I'm responsible for placing the flooring in my place which I put new flooring in last year Which I really don't understand and because I have nothing to do with this leaking pipe. So just like you said there is unexpected stuff that will come up and if you don't have the money it will break you especially Something that's gonna to be as costly as this and if the insurance won't take care of it which right now that's what we're working on I hope it all works out Love you're Youtube channe l got my brother-in-law and wife hooked on it keep up the good work.👍
    3
  41239. Florida is just far to overcrowded with uncontrolled growth. It's not a very wide state so completely developing a peninsula prone to hurricanes, with limited infrastructure is not a good quality of life. I think far to many people move to the state and don't really think it through. Yes there is something like 1000 people a day move to the state, but don't think a high number are not leaving the state also. There are reasons people leave Florida and its because they see where its headed. I personally don't think the state can handle the constant increase in population. A strong gov't is needed that can direct the growth properly. The fools that have been in office for years have helped ruin Florida. Their greedy, selfish and not capable of running a state with almost 22 million people in it, and some 100 million visitors a year in non Pandemic years. Only a fool would move to Florida for the weather, and whatever else they think is so great. Without considering how will the problems of Florida impact my life, because they surely will. Always have the income to leave Florida if it doesn't work out. Otherwise I hope people find what their looking for if they move to Florida.
    3
  41240. Well there’s yer trouble, you live in Miami…
    3
  41241. We love our EV had it 11 or 12 years. no problems. next car will be a fancy EV.
    3
  41242. Mike I love your honesty, I just cannot wait to see the ending of this housing bubble!!!!! I think, in my opinion, what's Holding everything from melting down is the upcoming election, the current politicians are fudging the numbers. I just want to see the last part of this story.
    3
  41243. Bonkers!
    3
  41244. Mate, just came back from UT, WY, CO to the West, and CA Truckin' has hit the skids!
    3
  41245. Beautiful
    3
  41246. Thank you Michael. Always great to see your updates. Makes my day!!!! Cheers.😎
    3
  41247. Its nice you actually get rain. We are in a massive drought in CA
    3
  41248. yes to the boat video!!
    3
  41249. That lady is one going to be one of those millionaires who doesn't have enough money to retire.
    3
  41250. Beautiful day at Bal Harbour Inlet nice south break off the jetty when surf is up ...
    3
  41251. I had a friend who grew up in Rockford. Not far from you, I don’t think? So I’m a little familiar with it. I have a house in Chicago. In her house on Sanabel island I didn’t mean to be mean, I read a few of your blogs I like them good luck
    3
  41252. What if the Miami Beach condo market crashes. What would it look like? How much wood prices come down?
    3
  41253. I love being hot. Try living here in Alaska where the winter is nine months out of the year. I wanna burn. Can't wait to move to Florida.
    3
  41254. When I was a kid,in the 70’s, my parents had an assumable mortgage of 6.25% which was very attractive in the late 70’s.
    3
  41255. this is very true, since I started watching your vids, i went on zillow and saved houses i liked. nearly every house i saved is sold within couple of weeks. i have notice the drastic shift in prices however, it doesn't change our minds to move ☺
    3
  41256. Seeing that building coming down would be great to watch.
    3
  41257. Wow, great video Michael! Definitely a great unit to remodel into your own style! I love these house tours. 😀
    3
  41258. Everything you said, you hit the nail on the head!👍🏿
    3
  41259. Yes I see the range of tall buildings. Wow that is a lot of them.
    3
  41260.  @MichaelBordenaro  Hahaha. Yes, I would need more sun for the beach. Don't get me wrong those buildings look beautiful and I all those residents in them love their building. It seems like you have to walk to a crack section of sun light between those buildings there shinning on the beach to enjoy being on the beach☺.
    3
  41261. I like your style but imo the "crash" and recession is overhyped
    3
  41262. What about working on upgrading and improving your job skill set so you can make a better income and make a fabulous down payment. Maybe save up during the next three to four years.
    3
  41263. Great video- i'm in Atlanta, GA and we are getting hit HARD with property taxes increasing as well. Our lender gave us a courtesy call 3 months out saying our mortgage was going up $500 due to property taxes and insurance increases. We had to work our asses off to get that number back down as close to the original as possible !
    3
  41264. I love the rants. Keep them coming. I learn so much.
    3
  41265. That last 8 or so minutes. Just, WOW! Living the good life on someone else's DIME.
    3
  41266. Real estate taxes another scam in this country.
    3
  41267. I love your videos and content as always and it is also nice that you address all type of audience (even the less positive ones 😊). I have recommended you to a Facebook group called “moving to Florida” and just by the responses it seems that you have a massive fans groups there as well.
    3
  41268. Michael Bordenaro absolutely and definitely not 😄. Misery thrives on company and response so you should definitely not feed the monsters but it was nice that you addressed that. Also remember that your channel grew so quickly and as the success grow, the target on your back also grow but the right people with always be by your side 😊👍🏻. Someone once said that once you have haters it means you become successful...(I.e. haters are a so gun for success). 👍🏻.
    3
  41269. You’ve been making crash videos for some time now, yet still no crash… Will you admit you were wrong about a crash?
    3
  41270. DESERT GREETINGS MICHAEL 🏜 😃👍
    3
  41271. Interesting video, and opinions. I wonder though.. FL has agreed to raise wages to 15$/hr for basic jobs. That means people making 20+ an hour currently will want more $$ as well. So when those people are bringing in more $$ will a $250K home that seems at an all time high right now really be that expensive to people anymore? Like honestly we could be at the beginning stages of inflation to where home prices surge even more when lower income people are bringing in more $$. Am I making sense? Lol if companies have to pay people more $$ then they will have to charge more for product which will lead to an increase in everything. (Inflation) leading to even higher material costs than right now
    3
  41272. Finally everybody agreed this is similar or worse than 2008
    3
  41273. Melbourne’s too extra
    3
  41274. I’m in Sarasota from NYC since 2019. Same situation here.
    3
  41275. 1 in 5 homes in North Cal have price reductions, Chico, Redding, Yuba City, etc. ec.
    3
  41276. New here and these guys look exactly alike! I thought they were the same person.
    3
  41277. I have been thinking about moving to Fort Lauderdale (i'm from NY originally). However, I've heard it's gone a bit downhill, and crime has skyrocketed. Any thoughts on this? I was looking for something close to Miami, with reasonable housing costs. I'm a vet and plan on using a VA loan.
    3
  41278. I don't like rent being such a big portion of monthly expenses from a consumer stand point. One of the reasons is that hinders growth. If the consumer can spend less on goods after paying rent then SP500 and 401k(s) will suffer. That is one of the reasons the FED is committed to cooling off the housing market as a byproduct of inflation reduction.
    3
  41279. I would take Pa off the list the taxes are insane
    3
  41280.  @MichaelBordenaro  The questions is what option is worse.
    3
  41281. Hello I’m about to turn 21 and thinking about relocating to Florida this year. I have family members down there and originally from the islands. Should I grind a little more before moving or consider somewhere else
    3
  41282.  @MichaelBordenaro  haha thanks I’m gonna full send it!! 🙌🙌
    3
  41283. Thanks Mike, great info on the ARM loans.
    3
  41284. Looking forward to the Art Deco walking tour. Do it with the spring breakers there! Lol
    3
  41285. I am retired & have owned gold & silver for about 12 years. The only problem is that you must sell the underlying asset to receive any income. I also own stock income funds such as covered call option funds & stock income funds that pay premiums & dividends every month without needing to sell any of the stock. This is a good way to increase your monthly income if your are retired. Examples' of these type of funds would be JEPI, JEPQ, DIVO, & QYLD.
    3
  41286. Your point about Spanish is a good one. Total BS about the seller. My GF is a Real Estate Litigator. She may have to take FL bar exam (we’re in GA), but I know we’d be busy down there.
    3
  41287. Encouraging that there are any homes left for those prices that you would even consider showing a client. Here's something you might have left out. In California where I live, in many in demand places the current game seems to be setting listing prices that are anywhere from 10% to sometimes 100% less than what the homes actually end up selling for, sometimes in only hours or days after the listing. It would seem looking at comparable homes that sold recently would be a sanity check on if that might be happening in these more affordable communities. Thanks.
    3
  41288. Love the forest walk!
    3
  41289.  @MichaelBordenaro  Thanks Michael what is the best way to contact you for 1 on 1 consulting I would definetly need a professional advise before I invest in not to spend all of my savings for nothing :)
    3
  41290. Im surprised how great the iPhone quality looks. I use a Samsung s10 for my videos and they turn out pretty darn good too. Still hoping for that YouTube analytics video review after the trip! cheers man.
    3
  41291. Omg i just say the home prices in west palm beach how is it soo cheap ,, aghhhhh with that money i buy a dog hous in germany
    3
  41292. You forgot to tell Nick to wear a tank top and sunglasses.
    3
  41293. It was difficult when the student loan came due, it was a big piece of my take home. I paid my load early and that was a good feeling and my credit score went way up. I met a girl with a masters in English with $75k in debt. It costs over $30k to fill the tank on some of those yachts.
    3
  41294. Regional Bank Index $KRE is down again 6% with an new 52 week low on no news. With some top losers like PacWest Bancorp (-27%), Metropolitan Bank (-20%) and Western Alliance (-15%) that definitely seems healthy lol. Tomorrow we will also see if the FED hikes another 25 BPS (current odds for that at 87%). Meanwhile JPM gets to book a one time profit of 2.6B due to the First Republic rescue mission (.5B expected reoccuring profit + access to 50B in new financing via FDIC. They also cover 13B in losses for them). All while they are technically not allowed to do that (no more aquistions if you have more than 10% of the deposits in the US to maintain competitiveness). Never let a good crisis go to waste, I guess (and Jamie Dimon seems like he does a really good job how to play this game... sigh)
    3
  41295. If you can self-insure up to higher and higher deductible, at some point you maybe able to self-insure at some point. I would always keep liability, perhaps at a higher deductible. You'd still need to have a paid-off mortgage, as any mortgage would require coverage.
    3
  41296. Is there anything 55 & over that is kind of far from the beach ? That a person can move into, under $600.00 a month. ! bed ! bath. or give me the name of a site. thank you .
    3
  41297. Another area where I previously lived. I used to be in Mill Valley just on the other side of the mountains from Stinson. West Marin is all pretty spectacular. Only issue really is the number of people living there.
    3
  41298. I believe in Portland Oregon, landlords are not allowed to refuse to rent to people with criminal records. I would suggest that we will see increasing restrictions on what landlords are permitted to know or consider about renting their properties to prospective tenants.
    3
  41299. Nice, I would love to have a house in that area.
    3
  41300. Thanks again..
    3
  41301. I ain't worried as will get SS and move to a cheap place and live like the locals. Issue is people move to a different country and try and live like they are still in home country. FAIL unless have a lot of money.
    3
  41302. was just going to ask if you try to stick to a certain amount of calories???
    3
  41303. Yes if your a landlord inflation is good . Crashes in RE are also good for landlords because like in 08-2012 home prices fell by 40-50% but rent Flatlined shortly then went straight up.
    3
  41304. Look forward to these daily visits. All the best to everyone.
    3
  41305. I love this video and the fact that you are taking us along for this discovery of where to live. Would you ever consider Juno as a place to live?
    3
  41306. Nice video, maybe sometime you should put, crystal river or lake in FL. on your to go list and swim w/the Manatee, something thats still on my list. Stay safe my friend and happy travels, cant wait to see your next video! I believe they are close to Ocala and Gainesville, Natural spring water where the temp of water never goes below 70 from what i remember.
    3
  41307. It's true there's no place like home.😁 I get very little sleep while on vacation. It's awful. I always take a few days off after my vacation. I'm so much of a routine kind of person.
    3
  41308. You are spot on about the midwest feel, good analogy. Hour and half to the Gulf or Ocean, and either way is a beautiful drive. Would be much better if Hwy 441 could be expanded !
    3
  41309. Looks like they are putting in that outdated fiberoptic high speed internet in that neighbourhood. Cost us $9,000 a home here in Canada, which everyone thought we already were paying for?. More like a grid there setting up so it is easier to track individual Americans. Escape the matrix & cut the cord.
    3
  41310. The current mortgage rate for excellent credit is 7.37% today Oct 21, 2022 and this rate is before the Fed meeting on Nov 2, 2022 where the bets are that we will see another 75 basis point increase since inflation is still at 8.2% for the 12 months ended September 2022. In Oct 2021 the average house price was $355,800 and the interest rate was 3.19% and with a down payment of 20% the monthly P&I was $1,227. Twelve months later, October 21, 2022 the average house price is $384,888, the mortgage rate is 7.37% and the monthly P &I is $2,25, a 73% increase. Just to keep it round numbers, if you qualified for a $1MM house on October 21, 2021, today you would not qualify for a $625K house. Best time to buy is when prices drop 40% from the over listing price sales, and that is coming in 2023. It only takes one in a neighborhood to reset the comps.
    3
  41311. 10:55 I’m thinking 2025/26 but hopefully I’m not here that long.. sounds absolutely exhausting!!
    3
  41312. Hell yeah
    3
  41313. Also hope you and your girlfriend have a Happy New Year and enjoying the Christmas holiday weekend. I should be relaxing but trying to see and do so much in 1 weekend that all I’ve done is add stress not reduce it - quality of life like you talk about
    3
  41314. It's easy to say own your own business. Harder to put into practice.
    3
  41315. When making a decision on moving, one should ask yourself (and be brutally honest with yourself) these questions ... (a) what am I running away from? (b) what am I running to? (c) how will my life IMPROVE by moving? If the move is meant to be, the Universe will make everything run fairly smooth. If the Universe sees into your future that the move is not in your best interest, it will put roadblocks in your path making it difficult. PAY ATTENTION TO THESE STUMBLING BLOCKS!
    3
  41316. Hey Michael I have a question about what the logistics are of moving. I'm from California, quite far from Florida. What do you think would be the best way to move? Driving across the country, flying, etc.?
    3
  41317. Florida`s only hope is that hurricane season scares them all back North . I am in North Fl, New yorkers have moved in buying everything on the market , They are already trying to change rules ,and ban public access to beaches and waterways . They went from in New york yelling at people "stay off there lawn ", to Florida yelling at people "stay off my beach ."
    3
  41318. For anyone who has never experienced true adversity or hardship take this little piece of wisdom learned from hard won experience: It is very easy to reach rock bottom, it is inversely far more difficult to climb back up from it. No matter how well you think your life is going, no matter how much control you might foolishly believe you have, it can be snatched away from you in an instant...be it money, love, security, happiness or anything else. You can go from Cloud 9 to a box under a bridge very quickly....hopefully you never will but should it happen, you will have an entirely different outlook after a dose of humility like that. "Brad" has never learned that God laughs at our plans - perhaps he should bear that in mind. The society that rewards you well is equally adept at ruining you.
    3
  41319. What also would be nice is to see what these homes actually sell for and how long are they up for sale? So maybe a recap in a few months.
    3
  41320. Walk an talk videos are great. I hope you do more
    3
  41321. I lived in the house at 11:03 for 4 years in the early 70's.
    3
  41322. 💯💯💯👍👍👍
    3
  41323. Im from Illinois too and want to move here
    3
  41324. Thank you for your video. Now I have hope that I can buy a house one day .,.,,,
    3
  41325. I suggest making a video about how you can purchase a 2nd home or investment property using the equity you have in your house. lol
    3
  41326. It's all about supply and demand... America on Main Street is in Nesting Mode with the Pandemic coming back with another WAVE building and HOMES are a necessity!!! You have to have homes and they JUST ARE'NT THERE!!! Home prices ARE AT THE RIGHT PRICES FOR THE MARKET!!! All the Government is doing is Pricing Homes HIGHER!!!
    3
  41327. Dinner hour is 6-7 lol
    3
  41328. Michael, I think Satellite Beach is not an appealing place to live in Florida anymore since they found a high concentration of cancer-causing chemicals in groundwater at Patrick Airforce Base😳
    3
  41329. What does FOMO Mean? Pardon my ignorance.😀
    3
  41330. Fear Of Missing Out
    3
  41331. Remember when everyone thought they had all the companies by the balls during the pandemic and nobody would work unless all their little needs were met like working from home, coming in at noon, etc. Well now the pendulum is swinging back to where people are understanding how important it is to have a good work ethic.
    3
  41332. Cant wait to move to florida next month and leave everybody behind no more headaches and people being miserable 24/7!around me. It’s so annoying lol
    3
  41333. If we can’t buy land in another country or start a business in that country then that country should not be able to do it in our country
    3
  41334. When and if you pay the home off, it will be difficult to get it insured. I had to write the State Department of Insurance for them to find me an insurer. I was told that most people don't ever pay their homes off.
    3
  41335. Have been to a lot of these places. I like Ft. Myers Beach. Thinking of going to Delray Boca area. Not into huge crowds or lots of kids...what do you think?
    3
  41336. Thank you....
    3
  41337. So beautiful 👌🤗🤗
    3
  41338. I spent 18 years in Ormond Beach, Daytona Beach, Port Orange and Ponce Inlet, selling real estate and wishing I'd settled in St Augustine. I was both a homeowner and beachfront condo owner. My least favorite to of the 4 locations was Port Orange. I can't really put my finger on why but it was just.....uncomfortable If you like insane traffic, you'll love it. I liked Ormond best. I was a block from the beach as bad all my neighbors were about half-past death but they were friendly and they were rich. If you were young and fit (my husband was) and didn't give the impression you would rip them off, they ask you to roll their trash can to the street and palm you a $100 bill. Not bad neighbors. Still, I'd pick the West coast for sure if I had to do again. Second choice would be St. Auggie. Or better yet.....Georgia. Home sweet home.
    3
  41339. Excellent message of wisdom, Michael. Something for us all to meditate on. Especially relevant to me for my big life considerations and goals. I am going to read/listen to Late Bloomers immediately! Thanks...
    3
  41340. This is the second real estate market correction. The first was in 2008. The bubble popped and was replaced by a new bubble. We've been living in a "funny money" economy since 1998. First, the dotcom bubble, then the housing bubble, and now a bubble in pretty much everything - real estate, stock market, professional and executive salaries. Eventually, this all corrects. Inflation is going to be replaced by deflation. Housing prices, rents, stocks, professional and executive salaries -- all are going to tank. If you owe money, you're going to get burned. If you're a paper shuffler/button pusher who can't do anything valuable for people like fix a plumbing problem, you're going to get burned. It's the working-class guy with a truck who is going to come out ahead. Or the guy who owns needed commodities like oil and gas wells. My two cents.
    3
  41341. Give me recommendation please tampa or st Petersburg or Sarasota?
    3
  41342.  @MichaelBordenaro  what job in Tampa for fresh graduate ??
    3
  41343. Looks good from Europe 🌍 germany Basel swiss ready for a swim
    3
  41344. Hi I have a question, can I rent a house in florida with no job?
    3
  41345. Amazing. Glad to see you enjoyed the city. I’ve lived here 22 years and it gets a bad rap from locals and south fl transplants. Thanks for sharing a light! Dar
    3
  41346. Can you talk about the wind mitigation inspection that you need now in Florida to get a discount on homeowners insurance? I now need my front door to be hurricane proof to pass this inspection which will cost me more than this discount! Crazy!
    3
  41347. People suck at times. When you people steal all you are doing is hurting your kids in the future, all so you can get a stupid phone or video game console. Go to work people and earn your awesomeness that USA offers. its awesome. And stay at home and enjoy it. You peeps probably really smart watching mikes channel dont waste his info hes good. Thank you for your time Sir!!!
    3
  41348. This was a great video! I visited Miami back in 2016 and loved it. Now I have big dreams of getting my own place in FL. My degree is in journalism. How is the job market in FL?
    3
  41349. lol prices have already dropped an average of 15% nationwide. Denying it is to deny reality
    3
  41350. Hi Michael, this is a very nice video. Also, it would be great if you could start making some videos inside properties for sale, so some of us who are interested in moving to FL can have an idea about Price vs. Quality as well. Keep up with the good work.
    3
  41351. After this very sad unfortunate event, those poor people, and learning the costs of maintenance and money wasting and big assessments costs...they can keep condo buildings of the beaches ,
    3
  41352. There comes a point where the gains that come from undervalued assets like metals, move up to their nominal value and can be turned into cash flow in real estate which will move down to its nominal value. Cash flow is the KEY to taking advantage of market place gains.
    3
  41353. Sad that lot rents are so expensive! Hard for lower income people to find somewhere affordable.
    3
  41354. A word of caution on the tree, have it thoroughly inspected for it's health and bugs before you buy, otherwise you might have an expensive removal in the future. When we bought our FL home it had a huge rubber tree in the back yard, we were impressed with it, it provided fantastic shade to our south where our lanai is. But we later learned rubber tree root systems can be destructive, it will take over your yard and travel to neighboring yards, it's even tangled into buried cables for phone and TV. We've gotten estimates and nothing under $3K to remove it.
    3
  41355. It's ok. I've lived there. Sleepy. Laid back. Petty crime. Neighbor's are so so.
    3
  41356. Michael and I agree on when to go to get uncrowded beaches. Flagler beach up by St Augustine isn’t as nice but it’s empty no crowds even on weekends
    3
  41357. Jeeze, imagine , you're spending $16,000,000 for a house in a neighborhood like that..... looks poor....that neighborhood is a multi-million dollar neighborhood NOT by actual value of the houses and wealth of the people, but by blown-up artificial manipulative value..... if I pay $16,000,000, I expect to live in Beverly Hills or Hollywood
    3
  41358. Yah bless Florida! 💕💗💕💗💕💕💗💕💗💕
    3
  41359. How much is the water in conservative counties in Florida? Do a video comparing that
    3
  41360. Someone has to step /wade/ into the food chain😂
    3
  41361. I can’t travel this holiday I have no money because my family has a very nasty habit, they like to eat every day.
    3
  41362. I'll give thumb up for all video about Florida (Miami beach)
    3
  41363. wowww super serenity wowwww
    3
  41364. FRIDAY GREETINGS MICHAEL 🎉😃👍🌴
    3
  41365. I like to listen to your voice / watch your vids. But its too far away to move to Miami Beach
    3
  41366. i went on vacation to florida and the first day i was there at the beach, i returned to my car and found out someone had hit me.....
    3
  41367. thank you so much for this nice video. I felt like I travelled there. keep the wonderful job.
    3
  41368. Great Video! I learned so much from your channel. Love your voice btw. :)
    3
  41369. Whats the issue boyz n galz!!! We got it good…$600,000 1200 sf houses w 7% mort, $1000 car pmts, $20,000 credit card balances, $10 Big Macs, etc. Go out tonite, treat yourself. Go buy a Louis Vuitton bag or Get ya some Apple Goggles. Go in debt. YOLO till she breaks 🤣🤣🇺🇸🇺🇸
    3
  41370. Not leaving my kids property, leaving them a decent life insurance policy proceeds and some crypto.. ;)
    3
  41371. MB, can you play your electric guitars in your condo? I love my guitars. I've got 15 of em. Les Pauls, SG's, Fender Strats and a Telecaster. I'm lucky I can play them in my home. I do love my acoustic guitars to relax with. Martins, Takamines, Taylors. My faves are my 12 strings. I really want to get a 12 string Rickenbacker. I love that sound.
    3
  41372. Something that Mike didn’t enticing is that your master insurance policy is usually covered by your HOA fee too! We only have a tiny $10;a month policy to cover improvements and personal belongings. This saves us roughly $70 a month.
    3
  41373. I am in San Diego, CA. I am Waiting but he housing market has not slowed down at all.
    3
  41374. Spot on again Micheal , I grew up with some or most of those options in ca.but they are not all attainable in my opinion, especially the beaches or even near water , it’s that very reason along with State taxes and homelessness is why I left , here in PCB for a minute and then we will be looking for our place to live in the state of Florida.
    3
  41375.  @MichaelBordenaro  We actually are leaning towards a beach oceanfront condo somewhere relatively semi quiet with some night life and not over priced amenities close by or in the condo itself, gonna try an wait it out till prices come down a bit (if ever ) will then make our move ! Keep up the good informative videos Michael
    3
  41376. Good video, good content, and great idea Michael. I think alot of people are going to really like these videos. Keep em coming.
    3
  41377. What are those sunglasses? I like them.
    3
  41378. Love all of your videos .
    3
  41379. Good one,,,again
    3
  41380. You look so relaxed in that beautiful weather! A little jealous, jk lol. It’s great to power off and enjoy some you time. It’s all about balance. This was a nice short video!
    3
  41381.  @MichaelBordenaro  welcome! That’s a great idea! I certainly have a few questions lol.😀
    3
  41382.  @MichaelBordenaro  that’s a great idea! I’m sure you’ll hit that 10K milestone! Keep up the good work!
    3
  41383.  @MichaelBordenaro  agreed, good video btw.
    3
  41384. Let’s not forget inflation just hit a 40yr high again
    3
  41385. Lol I watch you all the time you did the right thing don’t sell keep it that’s the fastest way to get your house in California I lost so much money selling at one time I owned over 20 trust me don’t let it go the lowest it will go maybe 18k but it will bounce back all these huge. Hedge funds are now vested it’s not like before relax DONT WATCH IT!
    3
  41386. Your not getting these squatters out easily this is the 70s and 80s all over again in New York what do you think right before the squatters are finally evicted do you think they are gonna leave easily most likely light the place on fire Have you ever heard the phrase if you could make it in New York you could make it anywhere there’s a reason for that it’s tough and you have to have the right connections and you can’t be an absentee landlord or if you are you better be paying someone to watch over your property These politicians are trying there best to ruin NYC you just have to work harder they take more you charge more then when it’s time you cash in and move to Florida
    3
  41387. Thanks!
    3
  41388. Short term c/d' paying over 4%. Why tie up your money long term when the fed keeps raising rates? Usually there's limited qty but I recommend working with a legitimate finical advisor.
    3
  41389. Thank you Mike you talk a lot of sense
    3
  41390. Seeing alternatives v main city's/locations, great idea. 👍
    3
  41391. i hope they do less property tax
    3
  41392. 3 million and no solar panels? I can't live without solar panels and a Wolf induction cooktop.
    3
  41393. It's not only taken away the choice of where you live it takes away all the choices you want to make to your property if you don't get approval they'll put a lien on your house
    3
  41394. history repeats! Valuable info as always! Thx!
    3
  41395. That’s a great house lot of potential it can be sold for $800,000 with a new and bigger driveway and fix the gardens
    3
  41396. Great video you sure have wonderful parents and a wonderful close nit family Our family is the same way thankfully, sure miss my older Brothers and Mom and Dad, truly blessed we were always a close nit family
    3
  41397. 👍✅🙀✅👍
    3
  41398. Indeed your videos also taught me very interesting and new info about Florida. Good to review the new info briefly in this video.
    3
  41399. Miami has a lot of well heeled foreign investors, which props up these high prices. The ideal place for S Americans to hide their money out of country.
    3
  41400. My coworker told me just this morning that her landlord raised the new tenant’s (located above my coworker) rent by $1,000.00! Crazy!!!
    3
  41401.  @MichaelBordenaro  And I found the public beach access because a couple eating at the same outdoor Cafe, told me, or I would have been lost as well. You cannot blame the residents for wanting to keep some of that lovely beach for themselves. At least, they do not charge to use the beach like they do in New Jersey!
    3
  41402. Thanks for the information, what do you think about Fort Myers?
    3
  41403. Hi , any condominiums by any chance ? too old for house maintenance.
    3
  41404. Good video. We have a lot of people moving here so it can spoil what we have. Mention the Palmetto bugs if you want to scare them away. LOL
    3
  41405. New hair cut !
    3
  41406. Very helpful video. I am not new to the home buying process but when I move to Florida next year I will most likely have to deal with an HOA. I did not know they were involved in the home buying process. On a different note, you really need to change the background of your videos (Kind of depressing). You live in one of the most beautiful states in the country and in one of the most beautiful cities in the state of Florida. Why are we looking at 1990's style slat blinds, an amp and a guitar. Jazz up your videos with a tropical setting (Palm Trees, Tiki Bars, Boats, Water Views. etc...) Use you balcony if you can't produce these videos outside of your apartment. Get your viewers in the mood to listen to you about Florida real estate.
    3
  41407.  @MichaelBordenaro  I appreciate the clear sound and speed of talking. I care about the information than pretty setting. Home tour and beach tour is eye pleasing though.
    3
  41408. I have sold my homes and they were vintage and I always work with the buyer to fix whatever ! Get it sold !!
    3
  41409. older houses 👍 another great video Michael 😎
    3
  41410. Everybody's landlord will be a hedge fund on Wall street.
    3
  41411. Your best videos are based on subjects for which you have a strong knowledge base and extensive personal experience. Good post!
    3
  41412. Why are you apologizing, Michael? The truth is, the fed shouldn't even consider lowering rates until our government stops this reckless deficit spending which is the main driver of this out of control inflation. They continue to ignore reality as we face double digit inflation at stores and with our regular bills and think that lying through their teeth will fix everything. We are threatening to lose the greatest nation in the world because a bunch of greedy sociopaths would rather add another zero to their bank account than do what's right and sensibly lead us forward.
    3
  41413. If you make less than 120K in Bay Area you are living below the poverty level.
    3
  41414. Yup I’ve noticed that wherever people are going. The locals are upset BC pricing goes up. Although I think inflation will hit everywhere on many levels. Another good Video.
    3
  41415. Cool to see! I’ve never been to Daytona Beach
    3
  41416. It's just as bad in England for food and service and inflation and is only going to get worse 😎
    3
  41417. Ha you were a two blocks from my old house on the beach. I love Hermosa Beach. Good living year around.
    3
  41418. Check the plugs. Had one property where romex was in what was obviously a bx box. They had run a short length of romex and wire nutted them to the bx naked inside the wall cavity. Beware of ceiling fans with pull chains as they are rarely properly supported and are a strong indicator of knob and tube in the ceiling. A single receptacle in a room is a strong indication that the system has neither been upgraded or maintained. Last thing when having receptacles installed ALWAYS insist on a minimum of two gang boxes everywhere (double plugs). It costs peanuts and bricks are on everything.
    3
  41419. EVs are a big lie from the crazy tree hugger wokesters. They are very bad for the environment because of all the mining of non-renewable rare metals to make the batteries which as of yet they are not economically recyclable. Also where does the electricity come from to charge these vehicles? A lot of electricity production is very non-green. These cars are for the woke goody too shoes rich elites who are hypocrites.
    3
  41420. Michael, I've just found you! Thank you for being so candid and informative. Could you do a 2021 update of this, please????
    3
  41421. Good job, Mike
    3
  41422.  @MichaelBordenaro  Mike, you'll be a youtube star in no time lol. I think people start knowing quality of your videos.
    3
  41423. in canada imagine trafick bumber to bumper at -20 degree...whit e electrique car...sure!..its not working..naa
    3
  41424. Great video, I like how you do your countdowns with the commentary, as well. Btw hair looks awesome in this video, lol.😎🤘🏾
    3
  41425. I love listening to you. When I move to Florida from democratic hell, Connecticut, I hope I move to your neighborhood. You seem like the coolest guy to hang out with. I have a few more years to bank money and get the hell out of the winter cold weather. It sucks out here in northeast.
    3
  41426. The whole time they were hiding in the trees. Ba ha hahaha :p
    3
  41427. Do you have farmers insurance down there. I had someone quote me and they used progressive. I'm not a fan of them so I curious.
    3
  41428. What about land? And could you please find 20,000? homes
    3
  41429. More like better luck next life
    3
  41430. This stupid rule with 2% target comes from nothing. It's still just a hidden tax
    3
  41431. This was a different video.😆I like all of the sunglasses, the second one the best. I low-key wished I bought the ones you already have. Keep wearing those!
    3
  41432.  @MichaelBordenaro  Yep, the second one it is! The mirrored look is definitely your style. I wanted to mention that also, that’s definitely a great idea to make your own merch! 😎🌞
    3
  41433.  @MichaelBordenaro  Maybe you can grab a few more pairs and do another video! 😀😎 And that would be awesome, I would definitely buy a pair! “Mikez Eyewear”! 😎 Lol
    3
  41434. There is no capital gains on the home that you live in full time when you sell.
    3
  41435. Your hair is really nice here.
    3
  41436. I like the view from your balcony. 🐬🐳🌴🌊🌊🌊🏖
    3
  41437. I think this makes a good question. If you have insanely fair skin and want to move to florida. When i say insanely fair, i burn in twenty minutes on a cloudy day without sunscreen. Im still dying to move to florida. Am I crazy?
    3
  41438.  @MichaelBordenaro  i think I'm still gonna go for it eventually lol
    3
  41439.  @MichaelBordenaro  And of course I plan to be outside and take advantage of the weather and the outdoors, i just may to take slightly more precautions than most people. I saw your bitcoin video as well man, you're way up!!! I'm into a few cryptos, but have yet to put any money into bitcoin. I plan to get in soon.
    3
  41440. Wow this is amazing, what firm or brokerage are you with in Miami?
    3
  41441. very good insight!
    3
  41442. 👍❤️
    3
  41443. Just some info on the budget of Illinois we actually make quite a bit of money but, it is the federal government that takes a large chunk of it. Basically how it works Illinois sends $1 to the federal government and get maybe $0.55 back while a state like Alabama or Maine Vermont will send $1 and get back $1.75 . The numbers aren't 100% just an example per capita Illinois tax payers are the largest funders of the federal government that's why it sucks as much as it does.
    3
  41444. I was a victim of moving company. Legitimate company , legitimate outsourced movers. I paid $2300. And it was outsourced again. Additional $1500. Legitimate company got $150.00. Two other companies closed. Got nothing back
    3
  41445. The national debt is a scam Michael. U need to go further down that rabbit hole. The globalists don t want Russia or China s new currency system to succeed so they are strengthening the usd. It s a war. They don t care about inflation and the regular folk... Come on... Make your own gold standard s people... Never trust the bankers. No different then President Jackson. Same people...
    3
  41446. I knew you were gonna put out this video, but to drive down my old street too? (wellington) 😂its too much. hahaha. The crazy thing was when I was growing up there was even LESS over there. My friends and I used to hang out at the starbucks at the Target to spend time in my high school days, before that was built it was the Walmart. Now they actually have quite a few restaurants (there is a really nice modern strip on palm coast pkwy/old kings that you may have missed), a pool hall called cue notes, some bars, a lot of young people go to Finns at flagler beach for ladies night on Thursdays LOL. Very different atmosphere from my childhood. It's just too small of a town for me still, people know each other & people do talk. You will run into folks at the grocery store.
    3
  41447. My parents think their home value is their retirement. lol I have been telling them for years to stop refinancing their home and to stop using credit to pay for literally everything. Baby Boomers are screwed and they kind of screwed the rest of us too
    3
  41448. North Beach has always been better than south beach to me. I went to Elementary school in North Beach and it was always quiet. Then I went to school at South Pointe Elementary and it was rowdy over there. This was 2002-2003. The Spring Break situation this year was the craziest I've seen it in about 7ish years. South Beach used to be insane during memorial day weekend. Like the spring break this year but ten times that lol. Like I remember back in the late 90s early 2000s was the peak of memorial day weekend crazy ness on south beach. Record arrest like you've never seen. Hopefully the crazy ness calms down.
    3
  41449. I found my friend a 2/2 in Vero Beach for $199K, and with the money she planned to put down for a 1/1 in NJ/NY for closer to $300K, her PITI plus HOA would only have her at $1,300 a month! Her rent in NJ was just raised to $2,200, but she refuses to face the reality of her situation, and she's got 2 brothers in Florida already! If she ends up paying $300K for a condo with a bank value of $270K, tops, then she WILL end up taking a beating!
    3
  41450. 👍
    3
  41451. Love your train of thought man... we are def witnessing some bullshit rn
    3
  41452. Great video Mike B!. Yeah, I prefer not being around crowds. The north beach is definitely my thing. No offense, I just don't like crowds. I prefer being alone. When people come together in big crowds, things get intense and crowds are known for littering and destroying things. Hopefully areas like Tampa, Saint Petersburg, Port Saint Lucie, or Saint Augustine don't have those crazy tourists coming there and messing things up.
    3
  41453. It might get to a point, people will move into a smaller home, trailer, or travel trailer or little houses . It's becoming to expensive to live in a home. People will have to think out of the box or homeless, just to live!!! Micheal , good minds think alike, how people going to keep managing living in a home 3:35 - 3:54
    3
  41454. I live Los Angeles Ca by the beach but I think time to move to Florida or Arizona
    3
  41455. What do you think of Boca? Is it overpriced at this time or not?
    3
  41456. Thank you Michael
    3
  41457. I think this will happen in select overheated markets. I'm not so sure it'll spread to the countryside or even smaller cities.
    3
  41458. That's what you call a BAG HOLDER. When ZILLOW has Zestimate as. " NONE" you know it's time to buy a Case of DEPENDS.. 🍷
    3
  41459. The one thing that no one seems to talk about regarding Real Estate is the "commission" that Realtors receive. I've been a Realtor for over 45 years and I've always believed that a Realtor's pay should not be incentivized by the higher sale price. Realtors should be paid a fee to sell a property, it should NOT be tied to the sale price of the property. Does anyone, other than a Realtor believe that they are worth $60,000 +/- to sell a $1,000,000 property. I sure don't! That amount is a fairly good annual salary for many families and a Realtor gets it in one sale...ridiculous. And who pays that "commission"? Don't be fooled when they say the seller pays it. The seller gets the money from the BORROWER to pay the "commission". Just follow the money, where does it come from? Increased home prices, whose prices were set by a Realtor. Realtors love sale price / square foot as a calculator for the list price. Realtors find the highest sale price / square foot and think that number applies to all properties in that area. They are far from wrong. These increased home prices become comparable sales for other properties and so on and so on until it is out of sight...exactly where we are now. I was saying well over a year ago the interest rates should have been in the 10 - 12% range to slow this down. The Fed, under the guidance of the "Administration" would not raise the rates to stop this run away inflation. This is not an accident, this was planned.
    3
  41460. What? Why not my state?
    3
  41461. Thanks it has been getting discouraging!
    3
  41462. Where should I move to Michael? I currently live in Sacramento CA I’m married with a recent newborn and we have talked about relocating to FLORIDA some time next year in the beginning of summer. We are looking to buy a home and start a new life in a safe neighborhood and city, any advice would help
    3
  41463.  @MichaelBordenaro  yes very important, my budget is $500 k for a first home, one story home, 3 bedroom, good job market, very safe family friendly, loved Naples FL when I visited in August for a day
    3
  41464. Is this North MB?
    3
  41465. miami very beautiful town
    3
  41466. What about Davenport a lot of people say it’s cheaper to buy a house home there
    3
  41467. I don’t trust the news about anything anymore 🤥I like to listen to what OLDER people with money have to say because they know what they are doing with age comes wisdom 👌better to be safe than sorry
    3
  41468. As you head south of Huntington Bch and Newport the water will become more clear i.e. Laguna Bch. Emerald Bay is north of Laguna and can be compared to beaches in Hawaii. What I found different from the Pacific and the Atlantic was coast line (at least in the southern portion) No cliffs. Waves are like a lake on the Atlantic side. I am used to 4-6 ft waves. Temperature is warmer in Florida. We get fog along the California coast and I don't believe the coast of Florida has fog? Look at the map of the US, southern Florida is farther south than California, closer to the equator and possibly why the sun is more intense and more tropical as to temp and humidity. After a Hurricane warning or Hurricane in Florida the Atlantic becomes a lake, it is so calm and there is zero humidity.
    3
  41469. Omg , thars where Donna Summer got the song Sunset People ..da adada nite and nite haha how Cool
    3
  41470. South Florida gets strong windy breezes 24/7, so the heat isn’t a big deal lol
    3
  41471. I wondered if on the Gulf the breeze would make any difference if there was one...
    3
  41472. My beloved city went to hell. Even local news station crews on scene there have become mugged victims. Don't want you to become victimized as well as you are doing your walk and talk. If you do go to san francisco dont park by the wharf avoid tenderloin district....crime is up around mission district...cliff house restaurant has been closed for awhile... awesome views though not sure if safe enough....maybe a walk and talk on el camino del mar eagles point by lands end trail (golden gate national recreation) you will have golden gate bridge as a back ground off of el camino del mar....best cioppino tadich grill on California street....best prime rib house of prime rib on van ness...also harris steak house on van ness... if you go to san jose good steak and cheap stiff drinks henry high life.... best italian original joes. Not familiar with original joes in little italy. All good eateries columbus and union. Market street and fisherman wharf were our favorite places to visit on the weekends before it all went to hell. They are trying to clean up BART still dirty. If you go in july and august bring a hoody it will be foggy cold and windy especially in the afternoon. Kpix on you tube will give you accurate weather update what to expect for 7 days in advance. Excited about your travels. Be safe. Keep in touch.
    3
  41473. Good desperate and dumb pays. They can just get a divorce and foreclosure it! Haaaa
    3
  41474. got the same hair cut and same windy problems lol, wish they got hair spray strong enough for this wind 😂
    3
  41475. just remember.. when your property taxes goes up the insurance company has no choice but to use the new appraisal values for your insurance bill... so if your taxes are going up so will your insurance go up..
    3
  41476. Hey Michael this might be a silly question but what do you think about landscapers in the Miami Beach area? I I'm self-employed as a landscaper in Texas and am considering the move to Miami Beach area. Do you think most of the work would be comercial? Are there any actual homes with plots of land? Are people willing to pay? Thanks for answering my other questions.
    3
  41477. It was sad that you missed Saint Petersburg. Downtown is great ...wide range of places to visit (Dali) and other museums, dining is great, many festivals (big gay pride parade). It is affordable and so close to so many beaches. Best of both worlds. I love it! PS I had also lived in Tampa and I avoid Clearwater Beach (too con
    3
  41478.  @MichaelBordenaro  THANK YOU! Luv your videos!!!
    3
  41479. Every man for himself in the US.
    3
  41480. Our boss is making a lot of the workers come back into the office too. However, a lot of them will look for other jobs. Some are now moving out of state (California).
    3
  41481. Thanks
    3
  41482. Put an offer in Mike see how it rolls Get you feet wet. Maybe ask for a point back plus 3% buyer fee. I like it too! Clearwater is a nice area
    3
  41483. Whoa, you're 35? They gray hair had me fooled. You're still a kid.
    3
  41484. I like your vids what about one on some of the quiet residential streets maybe south of Flamingo Park. We mostly see Ocean Drive and the shops.
    3
  41485. Monetary Inflation (counterfeiting of the currency) is a symptom that the dollar ponzi is nearing its end. Like paying off a credit card with other credit cards, the globalists in charge are increasing the debt $1 Trillion every 100 days and we can't even pay the interest at this point. Add to this the fact that other central banks are cashing in their dollar IOU's (bonds) and exchanging them for gold in preparation for the launch of gold backed currencies. What should we do? I personally am selling all but a bit of real estate and buying silver and gold. If you really want to see inflation wait until all those foreign dollars start flooding back to the US.
    3
  41486. First time to your channel, didn’t take me long to subscribe, you talk from your heart. No bs, or clickbait. Thank you from Alberta Canada
    3
  41487. Michael; I have to disagree with you on the college education issue. (Higher) education is important, not just for the actual subject that you learn (actually least of all for the specific subjects depending on your line of study) but for the learning methodologies that you acquire; the analytical tools that you pick up; the critical thinking that you are taught. You learn how to learn; efficiently and correctly. That way you can further educate yourself in almost any other subject. (I personally majored in Brazilian-Portuguese of all things, something that I never made a living off, but I ended up in a completely different field in the corporate world). As a basic example, in school you are told to read a number books and authors, not because those books and authors are necessarily very important for your future, but because when you learn to read one thing, you can read most things. You acquire an ability to read, which is not just to understand the words that are written, but the meaning of a text. You can see the logical gaps. One of the reasons why fake news, lies and disinformation spreads so easily is because people don't know how to read (or listen) critically. Same with math, you learn equations which seem completely unrelated to real life, but once you get into real life you have the ability to approach a mathematical problem that you otherwise would not be able to. You may be able "to learn for yourself", but that is mostly not very efficient, as the example of the guitar teacher you used. PS: keep up the good work.
    3
  41488. If you look at 931 Burland Circle Winter Garden Florida 34787 was listed for sale on June 10, 2022 for $540,000 and the seller reduced it a few times and it’s on the market for 7 months and the reduced price is $465,000. It was built in 2005. It needs a new roof and flooring and kitchen and bathrooms. Probably $100,000 needed to make these home improvements. So this is a good example of price adjustment. Personally I think this house will sell for a lot less. My thought is that the seller is in a hurry to sell !!! Lol !!!
    3
  41489. Looks very cool. Like you I think I would prefer to walk along here without the lights. Are you allowed on the beach after dark in Miami?
    3
  41490. Flights in Canada, way too expensive. It’s cheaper to fly to the states than within our own country…insane.
    3
  41491. Got here early this time! Great videos Michael
    3
  41492. Thank you for sharing your knowledge. I did all that you recommended all around Florida not to forget Carpaccio restaurant in Bal harbor 😊👄👧🏼
    3
  41493. Thank you for real life experience, I was hoping you mention Daytona, which I only been once.
    3
  41494. Michael Bordenaro fair enough thanks for responding me Back
    3
  41495. 😎 🌴🌺
    3
  41496. I could have sold in 2021 . Especially knowing we were in a housing bubble that would eventually burst . I plan on keeping this home til the end . So worth is all relative to me .
    3
  41497. I can practically smell that damp grass being cut, mixed with the gasoline fumes from the lawn mower! Great video!
    3
  41498. What's going to cause the crash? Buyers not willing to buy? Renters staying renters? The lay offs -are those ppl (majority) that own or the renters...
    3
  41499. Do you need to reapply for homestead exemption every year in FL. I am pretty sure I did when I bought my house last year but I dont know if I have to every year.
    3
  41500. hi from the uk . MICHAEL . The subject of REMOTE WORKING To me ' is a bit controversial . for instance in my opinion its impossible to have everyone remote working . or even a percentage . simply because you will have NO MANUFACTERING IF ANY ? you need hands on manpower to CREATE . A Economy . FOR EXPORT . Mistakes people make/or think today is by sitting at a computer .or working in a cafe is ECONOMY . maybe a very little BUT CAFE'S/ RESTARANTES / CLUBS /pubs .CAR Mechanics Depend peoples DISPOSABLE INCOMES IN some Locations ..in other words its NOT MANUFACTUERING For the country to GENERATE WEALTH . They ARE MERELY A SOCIAL INPUT . THE PROBLEM TODAY IN THE UK . And other great countries is weve ALL Lost 70% of MANUFACTUERING . its ALL IMPORTS . and Little wealth GENERATION . THANKS michael ..great as usual .
    3
  41501. Great video!!!! I learned so much!
    3
  41502. It is the first state in the Union👍🏼🇺🇸🇺🇸 very beautiful 😍
    3
  41503. Just came back from looking for places in Orlando Celebration was one of our favorite areas as well as Windermere drove out to the coast cocoa beach all very nice and real estate very busy love your videos keep them coming
    3
  41504. Ever watched Matt cox YouTube channel? Inside true crime with Matt Cox. Amazing story, he is from Florida and infamous for Bank fraud Really cool guy he did his time and is now on the up and up
    3
  41505. Port St Lucie inventory going up, people that bought in 20,21,22 taxes only 10k+
    3
  41506. I am so glad I happened upon your channel. While I exercise, watching your walking tours makes me feel as if I am there, and the time flies by. Plus, your explanations and comments as you walk are truly entertaining. Keep up the great work!
    3
  41507.  @MichaelBordenaro  Please do! I will eventually watch all of your vlogs!
    3
  41508.  @MichaelBordenaro  yeah I imagine the big change for you. Now that I am in a small town the difference is huge!
    3
  41509. Thanks positive 🙏🙏
    3
  41510. When i heard the prices at the begining i thought this can only be in Miami and yes you confirmed it Michael!😅
    3
  41511. Most sellers are waiting for more inventory, so its a whole circle because there's no inventory because sellers aren't selling 😂
    3
  41512. Hi Mike! Where would you RECCOMEND to fly and stay with a kid 7yo in May next week or later, so it’s safe, with restrooms on the beach or near by...thanks! Never been in Florida, debating between Boca, Fort L. and Sunny Island...or Miami south beach ?! Thank a lot!!!
    3
  41513.  @MichaelBordenaro  hey from Cali!👋thank you very much! Yea, not looking in to Miami or south beach anymore - after seeing your video!
    3
  41514.  @MichaelBordenaro  thanks!
    3
  41515. Really good video,and you are right,there are so many people with that mentality of feeling unaccomplished in life,or just feeling like a failure.and you can be an average person who doesn't have a drug problem or a mental health problem,or is a victim of serious abuse as a child,and somehow,your life can just be very difficult for you,I feel disappointed right now,because I m stuck here in Brooklyn,longing to move to St augustine, because the current pandemic situation is only getting worse here.it s been two years since I wanted to get out of here.currenly looking for a work from home job for starters,because I don't wanna just move without having secured some type of employment before I make the move. I have not reallly worked since march,and I lost one of my jobs ,so there is really nothing holding me here.do you have any suggestions,other than continuing to look for work ,that I could apply to my moving permanently to fla plan? Also,do you think I should look for a physical on location job in st augustine,will anybody there hire me coming from Brooklyn and not yet living in fla?
    3
  41516. Michael Bordenaro thank you for replying,I really appreciate it.will definitely look into upwork and fiver,also,how can I quickly find a 2bdrm apt in st augustine,do you recommend anyone in particular? I would obviously use you as a real estate agent,but I think you said in one of your videos that you only deal with Miami and Miami Beach?
    3
  41517. Great video! I think there’s still a lot of stimulus out there. States and cities are giving out money. I think they said by September 30th if they don’t spend it , they got to return it to Washington. I think in a couple of months is when we start to sew trouble.
    3
  41518. Thank you for bringing me back to reality!!
    3
  41519. First
    3
  41520. For the algorithm.
    3
  41521. No shit! Economy is not doing well.
    3
  41522. Haha thanks for keepin’ it real! Good overview- headed down there in a week, nice to see what we’re headed into!
    3
  41523. Always bought lower, sold higher. Never timed it perfect but have around $800,000.00 cleared. Waiting right now for prices to go down.
    3
  41524. 5 dollars to 7 dollars is a 40% increase not 20%
    3
  41525. Brilliant Michael! Everyone loves a road trip and hooking up with Real Estate mindset on your ride westward to Cali is epic.
    3
  41526. Love the babyfoot table ^^
    3
  41527. If you want a waterproof camera for your videos but still light weight and easy to carry, you should try a gopro. Fully waterproof and you can choose how wide or narrow the camera can be... I’m not sure about the low light performance though
    3
  41528.  @MichaelBordenaro  Oh okay, that makes sense.
    3
  41529. Lol....lol....This apartment furniture looks like mine here in Southern CA. In fact the end table and coffee table are almost identical. We could move right in and not have to do a thing! Lol... Great video. Good to see daily life in South Florida. Question - is the rain WARM at this time of year?
    3
  41530. I bought my home in 2016 and used security first to insure it. It is a 1925 3 bed, 1 bath (1100sqft) with detached garage. The first three yrs the price was around $2000. Then in 2021 it went to $3000 which I paid. Then this year it went to $4600! When I called they told me they no longer accept FL customers and insinuated it was because of high fraud, and that if I left I couldn't come back. Well I left of course. Now I'm stuck w Citizens but pay $2400/yr. Older homes are harder to insure, but I love my home and the old charm it has.
    3
  41531. Just my perspective, but that’s $60,000.00 to $70,000.00. If I paid $70,000.00 I would be on the floor face down with buyer’s remorse. 🤮
    3
  41532. I live on a small island on the pacific ocean, its very peaceful not a lot of crime but it’s kinda boring. In a couple months I’m gonna move to Florida for my dads job. I’m very excited but also sad because I’m gonna be leaving my friends :( I’ve been watching a lot of your videos and its making me feel better about moving :)
    3
  41533. How does Portland Maine beat Miami Metro?
    3
  41534. 💯💯💯👍👍👍
    3
  41535. If you have a good insurance broker for a condo owner unit in SOBE, let me know, thks
    3
  41536. But if you move out you get the equity you built back. The 80k down is pure equity. When you leave a rental, maybe you get 1 month back.
    3
  41537. The RE problem has roots in the macroeconomy. Government’s program in Canada for first time homebuyers made things worse. We don’t need more demand but more supply. Maybe the solution is push the supply decreasing fees builders have to pay to build a house. However, big companies still have a tiny part of the RE market and as we saw with Zilllow-more houses don’t necessary mean more profit. I wouldn’t see them as a part of the problem but rather as a part of the solution 🤷‍♀️
    3
  41538. You are right. That’s because builders can’t make a lot of profit for starter’s homes. Some costs (as workers’ salaries and different government’s fees) are almost the same but a profit is much higher for luxury houses. Btw. I just found that some guys offer 40y fix mortgage. It’s looks very interesting for investors but not sure how helpful it could be for the potential owners. 🤷‍♀️
    3
  41539. What amp head is that?
    3
  41540. The people that think their tax refund is a gift from Uncle Sugar are usually not very financially savvy. They will argue that you're the idiot for writing a check every April. They don't get it...which is why most of them are broke.
    3
  41541. Hello again Michael good points on the old cash flow :} i have started Investing ,i like individual stocks and ETF`s ,mainly for the dividends ,with some growth , i am going to dollar cost {pound} average see how it goes, and no i don`t play the lotto :}
    3
  41542. New Smyrna Beach You have to go there on purpose. See it to believe it.
    3
  41543. Your information about what to anticipate in 2023, especially for Realtors is quite interesting:) Many realtors sell homes, “ just to have a cheque at closing “. Once they say I sold the house, my work as a realtor is done ! Now it’s up to my office to complete the paperwork and sake, ! I just call & ask what date is closing, so I can pick up my realtor cheque “ This is what I have heard here in the WP , CP and in the area of the Springs area …. You’re so spot on with “ buyers remorse “ I cannot wait to see what happens in the 1 st quarter of 2023 🌟🧡🌟. Thank you for your channel! Exceptional Content! 🌟🌟🌟🌟🌟
    3
  41544. Naples is more expensive than Miami, but it's less diluted. Meaning, you're not competing with tens of thousands of ppl for the same jobs and opportunities. Majority of the population in Naples is older retirees and seniors. That in itself produces its own unique opportunities. Plus there are a lot of jobs they can't or refuse to do, that your average Miamian can and against less competition.
    3
  41545. One problem with condos is that there is usually very limited parking. Often one assigned spot per unit, plus very limited visitor parking.
    3
  41546. I love Venice and Casey Key. Spent 2 weeks there every summer with my parents and sister from the early 60's to 1973. Wonderful memories.
    3
  41547. Love your rant on EVs. When you run the numbers it doesn't make any sense. For many years no one would criticize this situation. Accident safety is another big issue with ev's, because they weigh quite a bit more on average. In an accident, the severity of the experience is dependent on the mass of your vehicle in relation to the other vehicle. When an ICE car gets in a crash with an EV, the ICE car will sustain a greater impact than the EV, because the ICE car has been hit by a vehicle heavier than it. This is a direct relationship. Meaning the heavier the vehicle you hit, the stronger the forces your body experience. Road fatalities will MOST CERTAINLY INCREASE. because of EVs. You hear nothing about this in media until recently. I saw a video recently of a guy here on YT who crunched the numbers on public charging infrastructure. HIS FINDINGS WERE THAT IS COST 2X THE COST OF GAS FOR THR SAME AMOUNT OF RANGE FOR HIS RIVIAN R1T. he calculated this with an ICE car mpg of 15 MPG. MANY cars get a lot better gas mileage than that. That means if you drive a vehicle that uses gasoline and gets 30mpg, THEN YOUR GAS COSTS 25% OF THE COST THE TELSA OWNER HAS TO PAY AT PUBLIC CHARGING INFRASTRUCTURE.
    3
  41548. There are some strange things going on. Fedex is laying some people in their LTL side....which is unusual going into peak shipping season.
    3
  41549. Sounds like van life could be the safest ? At least you have mobility and can pretend that you are on holidays 🤷‍♂️ .
    3
  41550. Thanks for making this video bcus you answered my question very well before I move to Florida.
    3
  41551. Glad you and Lizzy had a great time, I think San Francisco is great but a bit cool and So Cal is great too,I like it both the same. Glad you enjoyed everything, I love Florida too, have been there with out boat along the coast several times. Thank you for the video.
    3
  41552. Great video
    3
  41553. I'm not sure I'd try to time the marke by selling now and renting unless I wanted to relocate. One year's rent could total $45k reducing hoped for gains on a lower priced home. I think the market is going to go lower but how much who knows. It will take time though and I could give up a lot of rent in that time. To me the best strategy is to sell and move to a lower cost market. As for the rentals. I am the mom and pop you speak of. I haven't raised rents on anything in four years. I will have to though as I still have capital costs. Two places will need new HVAC units costing about $12k per unit. When you only clear $300 per month on each unit you can do the math. Not getting rich. I had to replace a sewer line last year that cost $5500. My insurance costs are up about $200 a year on each place so not too bad there. Taxes aren't too bad either as I don't charge enough rent so I get a break from the assesor on that. I just want people to know that not all landlords are greedy rich people. I will have a paid for home one day but I am not rolling in money month to month.
    3
  41554. holy crap, cash stuffing, ive been doing that!
    3
  41555. Mike what tips can you guy people who are cheap. I ask because I agree with having a good quality of life, eating good food and having a nice car buy my friends all seem to think its stupid and everything should be about saving. thanks
    3
  41556. Did you by chance check out Bean Point when you were over that way? Not long after I moved to Tampa I took off on a road trip every weekend to check out different beaches. One of them was Bean Point. I assumed, wrongly, that there would be beach parking and a place to change. So I get there and just like this area only parking was on the street. There happened to be an open house on the same street so I thought why not take this opportunity to check out what I was sure was at least a million dollar house. The realtor was so kind. She gave me a tour and snacks, insisted that I park out in front of the house and told me to be sure my wheels were off the pavement. She even allowed me to change in one of the homes restrooms! Was one of many super awesome adventures and great people I met while out exploring.
    3
  41557.  @MichaelBordenaro  LOOK at what a small ( 700sf) place costs on the Newport Peninsula . 1 Just sold for 1.6M. 11OOSF sold for 2.5
    3
  41558. I own two, a Bmw i3 for running around town, paid $13,000 for a 2018 with 23k miles. We own a Tesla model S for long trips, gets 310 miles. Very convenient to charge at home or on road trips due to the vast super charger network. The big issue with other models is the lack of charging stations. Agree not for everyone, we love ours and the convenience.
    3
  41559. Daytona was not very good today either. Steady wind from the east and high surf testing the new seawalls.
    3
  41560. I love this guy! Very good energy
    3
  41561. You’re right about that
    3
  41562. Probably 8 percent plus inflation, i don't even look at the govt data purposeful misinformation.
    3
  41563. Florida- depends on the area. Miami has strict mask requirements. At one point they were fining people but Gov. will not allow that crap. Panama City/Naples/Ft Myers not mandated. Tampa/St Pete/Clearwater is hit or miss. Sarasota got rid of mask mandate. But yes up to businesses to enforce.
    3
  41564. Good content thanks Michael. Selling would be silly right now at least for us . We just did a refi last year so wont see those rates again.
    3
  41565. Do you live in apt? How much is rent? Looks like you got a great view!
    3
  41566.  @MichaelBordenaro  thanks! What a great price
    3
  41567. Just subscribed your channel, I will go to Orlando and find a job if possible, my situation will be like you, no friends and family over there. 🙄
    3
  41568. Why are there never any people on the street, or traffic going by. The neighborhoods look dead.
    3
  41569. Nice haircut Michael! Hey, you told us once where you bought your tank tops, can you repeat?
    3
  41570. does the pier close at dusk bc there are snakes?
    3
  41571. Imagine being that buyer that ignores the price they pay for properties and only looks at the monthly payment. It's a good way to set yourself up for failure...also, It's funny hearing the realtor ask "how much can you afford" and then suggest you could afford more. I'm thinking please keep your financial advice to yourself.
    3
  41572. I used to love going out to eat. Now after the scamdemic none of my favorite restaurants are as good as they were pre scamdemic.. The service and the food are not as consistent as they were. Most eateries are short on help and its common to wait longer and get poor service. Many eateries close early when they are short on help. The aftermath of the scamdemic is noticeable.
    3
  41573. You’re definitely in the real world Michael I’m hoping that every time you do a video you get a few more people in the real world with us thanks for your good work!! George
    3
  41574. Hi Michael, thanks very much for your video! My family is thinking of moving to Florida, and we've been watching a lot of your videos and they've been super useful! I was just wondering if you would be able to make a video about Orlando if you have the time? Would love to hear your thoughts about the place! Thanks a lot!
    3
  41575. Great Video!
    3
  41576. Where did you hang your license in Miami? Any tips for an aspiring agent?
    3
  41577. Honestly I much rather live in California never been but Florida isn’t for me. Since California is so expensive I see myself probably Just moving to Arizona it’s warm and only a few hours drive to California and I’ll Still get the palm trees and the mountains which I love
    3
  41578.  @MichaelBordenaro  I agree! And thanks I think so to 😊
    3
  41579. Thanks guys great info 👍
    3
  41580. My wife and i and my 3 daughters went to Sanibel every july from 1993 until 2013
    3
  41581. Exactly. Seems a lot of numbskulls have recently been licensed since 2020 and do not understand how to appropriately explain the fees. There has never been a “set” rate for anything. Everything has always been negotiable. Being an agent and doing it correctly representing clients is hard work and costly for crazy MLS fees and marketing, let alone what a broker charges. Once the market slows down, good agents will be in demand. Anyone who has never done the job full time to make a living has no idea. There are too many part time sometimes agents making side money that do nothing and give the rest a bad rap. People who have been in bad by owner deals can tell you why 😂
    3
  41582. Surely the ALL CAPS on that first listing you showed will help it sell faster lol.
    3
  41583. Real estate over valued by 200%. Let the market die and reset naturally
    3
  41584. We just bought a whole lot of furniture that was in the apartments/houses of lovely older Florida women. We love the rattan & the warm colors. We were going to make our place all dark & hip, but now it's all light & comfy...and the prices were great. With you on the tenant issues. It's a hard job being a landlord.
    3
  41585. make great sense on the housing situation now - there are many more listings in Austin than just 1-2 months ago. The flippers wanna maximize their gain so they probably won't sell when price is still in the up trend. While this is not the best time as you said, it is the most sensible selling time given the inflection in the market.
    3
  41586. Yes, February has the best weather in Florida. IMO of course.
    3
  41587. I moved to Hollywood Beach from MA thirty years ago, shortly after college. I've lived in five different FL cities, including Miami Beach, Gulf Coast, and central FL. I'm planning to retire in two years and trying to decide on my next (or first) FL retirement location, and Miami Beach is on the top of the list. But wondering if Miami Beach has become too congested and crazy for a 60 y/o retiree??? I might end up doing 6-month stays in my top three choices before I decide.
    3
  41588. Hey Michael! Great video! I have a question... what type of camera do you use?
    3
  41589. Absolutely YES to the boat video through the canals!! 🛥 It's funny that you mention Dollar Tree. In the past, I've only been an occasional DT shopper. But now I'm on their mailing list, checking out what they have every week & comparing prices. Groceries are so ridiculously expensive, I'm trying to save on them if I can.
    3
  41590. The only thing I heard you say is there will be alot more empty houses soon!!!
    3
  41591. Most developers only go to the tech giants for a few years anyway and then go get some manager job at another company. It's like a college degree.
    3
  41592. I agree. This new Biden act will accelerate the crash. How will it not? People who shouldn't buy will and those who might not buy might stay on the fence. Sounds like 2009-13. By the way, how does this pass the Frank-Dodd requirements?
    3
  41593. I like how you had the clips and then chimed in on what they were saying. Honestly don’t blame anyone for leaving.
    3
  41594. You could be 40, have worked since the first week of your 16th birthday, had few gaps, and it's still not enough have to afford a home, relatively to where you would have to work to even come close to a livable wage. How do you gain traction when every time you get a raise, inflation just eats at it? We haven't gained real ground in 40 years. 2 incomes aren't enough. Hasn't been in quite a while.
    3
  41595. St Pete is the only place to be.
    3
  41596. That condo was cute. God bless the former owner of this condo. He/She/Couple had a nice condo back then. The old telephone in the first bedroom was cute for a land line. Haha. In the kitchen with the oven/microwave is a little bit old. There was a land line phone in the kitchen as well. The old magazines is something that I still do. Hahaha. Those magazines were nice looking as well. Is the a balcony or terrance with this apartment? Yes, the crown moldings and wall paper will be charged. But I hope you have a buyer for this condo. Success.
    3
  41597. Pullllease tell me there is a West coast edition🙏🏽
    3
  41598. Michael Bordenaro thank u! I appreciate it. And any knowledge u have about sharks/beaches or particularly time of year.... or where do people usually go when Hurricane and evacuation. Bec I know not everyone can have family inland. Your delivery in videos is pleasant and not annoying. Blessings!
    3
  41599. Great video Michael. Thanks.
    3
  41600. Noone can give you such advice. Depends on how much you guys would lose if you back out. And other things. Prices in UT will continue to fall I believe.
    3
  41601. 🥇
    3
  41602. Awesome video.........lovely backdrop with the sound of the waves and in super HD! Rentals where I am in Henderson NV are up 20%+ and offer no extra value.......makes it easy for me to move East as ive been planning it for a year......Thanks for the info; very useful!
    3
  41603. I thought Republicans don't raise taxes.
    3
  41604. Panhandle of Florida … hurricanes and heat of summer/several spurts of cold weather (20’s 30’s) in winter. As far as the Hillbillies go, Panama City is just a skip and jump from Alabama and Georgia so …. 🤨. When you have a longing for Culver’s, Michael, you and Lizzie have to jump in the Jeep and head North on 95 to Fort Lauderdale area. Culver’s is located …. 5510 W Copans Rd Margate, FL 33063. 😋😋😋
    3
  41605. Happy birthday. I live in SF east bay. I used to go over to SF on a weekly basis or more. As of now it's been years since I've set foot in the place. Maybe one day I'll confirm what everyone has said about the downfall of SF.
    3
  41606. Nice house Michael! Did you make an offer?
    3
  41607. Economy is shit. I cant afford anything anymore especially food an wanting to buy a house
    3
  41608. somebody is pocketing the the monthly MAINTENANCE ASSESSMENT payments. That money is supposed to be saved for all of those repairs.
    3
  41609. Hey thanks for great videos. I love the insight. I’m potentially moving from Oregon to Orlando in the next couple years with my fiancé, since watching your videos I think Florida will be an amazing place for us to live.
    3
  41610. Went there for spring break back in 1985. Fun times!
    3
  41611. More truth nuggets from Michael!
    3
  41612. I've never been to florida ... which one of these places would be best for a one month vacation
    3
  41613. Michael Bordenaro when you are up there look for baratarria island it’s on intracoastal but across the street behind the only gas station in that area on the ocean is a beach that really is only known by the locals and it has very limited parking but an extraordinary beach.
    3
  41614. Thank you for this video👍, new subscriber here
    3
  41615.  @MichaelBordenaro  One of the best lines ever? Mark Twain..."the coldest winter I ever lived through was a summer in San Francisco."
    3
  41616. Thanks!
    3
  41617. Great video!!! All of your answers are so true. Thanks
    3
  41618. 4:20 Looks like a 57 Chevy in that yard you walked by. Really cool seeing that. As for "nothing for sale" I wonder if you would see that on the MLS. Where I am, it looks like nothing is for sale, until you see a sold sign in the yard, because the offers role in just that fast. Thanks.
    3
  41619. California weather win. I left Mamai because of that
    3
  41620. Insurance and FEMA corruption? I smell a money laundering scheme.
    3
  41621. Biden is out!!!
    3
  41622.  @MichaelBordenaro  I must be doing something wrong. I don't see the $40 sign up offer in the link. I only see the $10 sign up offer. Thanks!
    3
  41623. After the global recession/depression is done years later, I'll see if I have any money to invest. If I do, I'll consider a company like Open Door, assuming any of those companies survive this upcoming global recession/depression. I might make a tidy profit.
    3
  41624. Funny, I moved to Miami in my early 20s and started dating a Brazilian…
    3
  41625. #6 Although I'm only 3 months in. It will take a good 1-2 years to find out if my location will be a value added opportunity for me. Like you said, people give up after the first place they moved. My advice I would have added would be to have them try other areas in Florida before they throw in the towel. I felt the space coast was a great place ot start for hobby reasons. If jobs suck and the people suck, I would then to figure out what other Florida areas fill the missing categories. Not to mention, Central Florida allows me to have close striking distance to everything; Daytona, Tampa, Miami, St. Augie, Orlando, ect. By the way, your sunglasses look hella foggy :P
    3
  41626. Same here! I wanna buy and have cash but am going back and forth if I should do it or wait
    3
  41627. I think the reserves in 2025 is for condos taller than 3 stories. I could be wrong.
    3
  41628. There is something intrinsically beautiful about being able to comfortably sit back and watch the chaos unfold. It's not always a pretty thing to watch and of course we wish it wasn't happening but it is great to know that thinking and planning ahead means you don't have to be a part of it. Sometimes it appears that not just critical thinking but indeed thinking at all is a lost art. This is especially true regarding the biggest purchase most people will ever make i.e. (their home).
    3
  41629. Michael, do u know a website to look up foreclosures in your area. please share if you know it
    3
  41630. I quickly subscribed to your channel for exactly these types of videos that give me a clear understanding of the market as a newbie. I am a newbie because I am planning on selling in NJ and moving to buy in FL, where I am not sure of the best time to do so financially and familywise. Your videos are helping me to become more knowledgeable where I don't feel so helpless.
    3
  41631. When buying a new build you likely are not getting a good deal. Just like buying a car, it's all slight of hand. They simply shuffle the #'s around. That "lower" rate is just made up by padding the price of the house/condo. And nothing is "free". If they throw in anything you'd better believe it's covered in the price you pay. You'll know when you're actually getting a steal because the market has crashed, the builder went bankrupt, they stopped mid build so half the lots are empty. We ARE NOT there yet.
    3
  41632. I can see desperate people falling for this because honestly I can buy a cheap 1bm apartment & it’s still cheaper than rent…I mean $300-500 cheaper than rent including tax etc. For some it’s buying them a few years off being homeless because rents are unaffordable (NJ based). I just want these inflated rents to drop so I can afford to save for a small apartment
    3
  41633.  @MichaelBordenaro  Thanks for the info, but how about the North west area? Do places near south Alabama (Navarre etc...) have less of those small bugs and hurricane issues?
    3
  41634. Michael, your warnings have really convinced me to get my financial life in order. Thanks to you, even though I’m not really getting ahead I’m at least keeping my head above water.
    3
  41635. Good content, good information on the current status of real estate in Florida, thx!
    3
  41636. even. worst in Miami
    3
  41637. Thanks for the story. Looks beautiful down there. Doing a great job.
    3
  41638. Money for Ukraine's Boarder ...... NONE FOR AMERICA'S BOARDER ....... THIS IS TREASON !
    3
  41639. That blue sky and sunshine makes both you guys look so freakin' handsome.
    3
  41640. Great beach review i love it !
    3
  41641. Wooohooo, another walking tour!! 🕺🏾 Such a beautiful day for a walking tour. Keep ‘em Coming!
    3
  41642. I will say this. Even if the cost of living was lower here in California I would still hate this place and would still try to get out of here. I just simply hate this place. For many different reasons which would take too long to go into.
    3
  41643.  @MichaelBordenaro  More so now with the pandemic and the lockdown. Been suffering bouts of california fever.
    3
  41644. This just sounds like a way to spend even more on a Real Estate ATTORNEY. Get priced out. Eat The Bugs. Rent. Pretend you're happy.🫣🧻
    3
  41645. There are VA listings available indicating assumable VA loans, if the Buyer is approved for a VA loan and does not currently have another VA loan at the time of purchase.
    3
  41646. Congratulations on your YouTube 100 thousand followers reward Michael.
    3
  41647. Michael Bordenaro I live in Hazel Crest in the South Suburbs and I’m trying to leaving within 4-6 years.
    3
  41648. I went to fort meyers in late June, and from what I can remember I could definitely handle it. It’s already pretty hot and humid in North Carolina so not a huge difference anyway
    3
  41649. Let’s put it this way, I’ve lived there in the summer before one year... I can take the heat over the terrible winters IN PA lol!
    3
  41650. I’m thinking about moving next month to Florida. You think it will be aight to find a room to stay easily like off craigslist or something?
    3
  41651. Hey good video positivity Question how was moving away from family alone , were there hard days of home sick , depr, loneliness, boring , ? Did you feel like returning back home ? How did you stick through it to stay ? I want to explore but don’t really have family anywhere or much friend expect my 2 or 3 ppl I’m close with ?
    3
  41652. Sign me up
    3
  41653. Thank you for the video Michael. What a beautiful day. Enjoy! 🔥🔥👌🏿👌🏿😎😎👍🏿❤️
    3
  41654. Life is good for me. I don't understand where everyone is getting money to go to all the sporting events and concerts that can set one back a thousand dollars or more. It seems like a lot of people are complaining that they have no money. So what's going on?
    3
  41655. Mike. Tell me about a fixed rate HELOC. I’ve never seen that. Always adjustable rate. I’d love to find a bank that did one at a fixed rate.
    3
  41656. My Alexa said the Economy is gonna crush in July 31or August 1
    3
  41657. Maybe this is better for Florida resident , but for California it’s better to own your home/condo and have 30 year fixes payments , rent increases over the years are not better , and rent will keep increasing it always has why would it stop now .
    3
  41658. Heyy you guyssss!!!🙌🏻👋🏻❤️
    3
  41659. Is there a way we can look up if a building is passing its certifications?
    3
  41660. From where the referral code is generated?
    3
  41661. Michael, I really enjoy your walking tours of South Beach! I am usually staying on the other end of Lincoln Road. Great to see a new neighborhood. Your videos are enjoyable and therapeutic. 😀 Like a walk with a friend on a sunny day. Thanks! Please continue to show South Beach. Could you shoot more west of where you were—Meridan, Lincoln, down to Collins? Pros and cons of those streets in the heart of SoBe (5th to 17th or so)? Thanks!!
    3
  41662. In a Mobile you get more for your buck then an apartment.
    3
  41663. I'm a millenial and I made $86k as a non union plumber in 2019, but since Dark Brandon got in, its been all going downhill. Got stealth fired from big corporate plumbing company and am now working for a smaller corporate plumbing company. Jobs that are available are offering less everywhere.
    3
  41664.  @MichaelBordenaro  it's mostly flat desert here. The mountains are nice but overrated for sure and always packed. There are no rivers or lakes here compared to FL. The rivers and lakes they do have are always overcrowded. There is no sense of community here. Definitely a place to visit but not to live
    3
  41665. Looking forward to the affordability video
    3
  41666. Don't forget to stop and smell the flowers!🌺🥀🌹🌷 I don't like City living. When are you going on a road trip? I would be interested in seeing West Palm Beach. Don't you feel that houses appreciate in value more than condos? What is the property tax rate in Miami
    3
  41667. Nice segment! Congratulations. I’m looking to move to Florida and buy a couple of 1-2 bedroom rentals cash.
    3
  41668. The Electric Cars have proven a failure in EXTREME COLD. In the midwest the batteries drained and the chargers did not work. Besides they are too expensive.
    3
  41669. Would you consider investing in homestead? I’m from the area and Homestead is the only affordable place i see for rental investment
    3
  41670. Very educational. Great video. Awesome sound
    3
  41671. Houses are sitting longer but I noticed they are mostly old houses not renovated. The good ones still sell pretty fast.
    3
  41672. beautiful beach... to bad all those high rises ruin it for everyone except those that live there.
    3
  41673. The Canadian woman should hire a thug to get rid of the tenant. My friend had guys who refused to leave his apartment in New Zealand after he moved to the US. He’s 6’5”. His dad is 6’6” and looks like a biker. One day, the guys came home and my friend’s dad was sitting on their sofa drinking a beer and watching TV. He informed them he was their new roommate. They moved out.
    3
  41674. Great analysis! Hard to find some common sense and sincere opinion on housing market. I don’t trust these realtors website, they are there to make money, so they will never say housing market will crash or prices might come down in future.
    3
  41675. Congratulations my friend. 🔥💪🏻
    3
  41676. Deauville Beach Resort opened 1957. Time to go baby.
    3
  41677. I think the bill is a great idea!!
    3
  41678. Just keep in mine, elites and nimby-ism is what ruined California. Don’t let it happen to Florida..
    3
  41679. Life runs out when the 💰 runs out
    3
  41680. Hi from Australia warm weather but not much sunshine not the usual summer
    3
  41681. This is a massive problem. Government agencies that collect property taxes are foaming at the mouth! I think we are capped at 10% property tax increase annually for homesteaders houses.
    3
  41682. Lived there as a kid when my Mom was an actress in the 1970s we moved in the 80s so she could be closer to casting auditions
    3
  41683. Hello , thanks for your awesome review :) Do you have any recommendations for Pembroke Pines ?
    3
  41684. Would you buy or invest a property there ? 😊😊
    3
  41685. Do you have some property listings¿
    3
  41686. Key West has nice weather, except for hurricane.
    3
  41687. sounds pretty shady, should be looked into closer.
    3
  41688. Home 🏡 price has more to come down to 2012 level Payment for 30years mortgage shouldn't be more than 3k per month 15 years mortgage shouldn't be more than 3.5k per month As of right now very few people could pay 5k per month
    3
  41689. I hate mosquitoes but I’m definitely planning to go there
    3
  41690. I feel zero pity for greedy people spending money they don't have.
    3
  41691. That condo president is probably Russian mafia with a name like that.
    3
  41692. HELOCs are deadly, I feel sorry for anyone carrying one of those.
    3
  41693. But when you are at a stop light and waiting for it to change into green and before it happens someone hit you from behind there’s nothing you can do...🤷‍♀️
    3
  41694. Michael,....I recently flew to Greenville S.C from Baltimore (where I live) and drove 2100 miles all over S.C, N.C,,....some Tenn, Georgia,...and Alabama. I just wanted to feel the general ''vibe'' of the areas(s)..and,...if anything appealed to me I would go back in the future with my girlfriend and have her take a look. I am semi-retired and she works as a medical assistant. Your video spoke to a lot of what we have thought,....as The Clash said''' should I stay or should I go''?.We have it pretty good here, but,..wonder if we should try something new while we are still young enough(57 and 60). We both enjoy working out and cooking and so many smaller towns I saw had nothing but a Dollar General and Wal-Mart. We also enjoy live music,..some theater, culture,...and a fair amount of diversity that only comes in a larger area. Unfortunately, any place that is really appealing has already been discovered AND prices are going up, up,..and Up.
    3
  41695. As someone that works in construction I can tell you the talent is severely lacking ! Very few guys take pride in their work . Most just do the bare minimum and hide in the outhouse all day on their phone . There is a big chunk of construction workers that don’t have a proper education for their trade . Most of these guys are here for a paycheck not to build a career .
    3
  41696. Congratulations Mike! That is my dream and goal....to buy a beach property! All the best man!
    3
  41697. Really appreciate you sharing some insight about Florida. My wife and I are also from Illinois to be more specific...Chicago and not the suburbs of Chicago but Chicago. We started snow-birding it about four years ago. My wife is a choreographer and I am a musician. after this year in 2020 we have had like twelve weeks of three digit temps we decided to try another location. My take on Tucson AZ is the musicians here are flighty you can never nail one down long enough to get anything thing done unless your in their circle. Lastly Lake's with a capital L I fish and there are only man made puddles here unless you drive a few hours to a reservoir then pay to get in. Florida has some iconic fishing lakes that will put a smile on your face. Anyway My wife as you have said having a friend with boots on the ground can be very helpful and your as a matter of fact presentations are also helpful too. We are looking at the Palm Ocean and Saint Augustine area and maybe, just maybe I can find like minded musicians who want to play well and play out I do miss the stage for sure. Looking at pushing out of Tucson AZ at the end of October 2020. Bob
    3
  41698. July inflation numbers come out tomorrow (Wed. 8/10) -- hold on to your hats!! Brother Powell is hoping for a lower number....
    3
  41699. Love your videos
    3
  41700. Maybe "real estate agents" should have some background in construction to be "useful" in my view...value add maybe for a good commission? 🤪🙄🤯
    3
  41701. Panama City Beach wasn't really affected by the last big hurricane. However, Panama City, on the other hand, took a serious beating. Closed tons of business and their local mall for good. Definitely sad, but it happens. Keep up the great work. Love your videos!
    3
  41702. Thanks Michael.
    3
  41703. You should buy today. Houses are going to be 600k when you are ready. Up 30, 40, even 50%.
    3
  41704. Usually, there is a reason why certain areas have not been developed before. Florida inland - everglades the water has no where to go.
    3
  41705. Why would anybody want to buy waterfront or close to waterfront real estate in Florida, with sea level rising and Hurricanes that are Stronger and MORE Powerful than Before? Just to be able to look at the water? crazy....
    3
  41706. Funny and educational. I know AirBnB part is a new factor but has this ever happened before historically during economic crisis where there was a housing shortage with too many high priced home/condo’s sitting empty?
    3
  41707. It amazes me that it is required by law to get a registration, license, etc, and there aren't enough staff at that state/county office so that you can do what is required. So, yeah, the state keeps expenses lower, but if you can't do what you are legally required to do, there is a problem.
    3
  41708. Next...Blue Light Special...Walmart
    3
  41709. This is very much a great video
    3
  41710. Some call it opportunism others call it creative destruction; things have to die for other things to live, it's just part of the entire life cycle. Of course dying is hardly ever very fun ... As tragic as the Surfside collapse was, it was also partly the result of decades of neglect by owners who year after year decided they did not want to spend money on maintenance (it is still not clear if building codes were breached by the original developer). If you don't maintain your car it's going to break down and be next to worthless, if you don't maintain your property it will deteriorate until the land it stands on is worth more than the building, and if you don't maintain your physical and mental health you are going to break down too, faster than necessary ..
    3
  41711. What’s going to stop JP Morgan and other investors from buying those starter homes and turning them into rental homes while simultaneously driving up the price of homes in general? The only thing that I see stopping them from doing that is if interest rates are high enough and rental returns are low enough that they can make more money putting their money elsewhere, and homes have to appreciate at historically normal levels, which should be assisted by the appropriate mortgage rates. That’s the only way that I see it happening without passing a law limiting their ability to scoop up starter homes away from first time homebuyers.
    3
  41712. 2:42, just WOW
    3
  41713. My rent is going to increased by $300(!!!!) Starting November🤯 time to look for 2-3 jobs smh they don’t even care we have children
    3
  41714. Very nice!!
    3
  41715. Hi, I'm from Chicago, Illinois~ Looking to relocate to Florida but with a pension of approx 4k a month can I do it and live comfortably? Also, I love the beach and an active lifestyle. I just sold just about everything and the last thing that needs to go is my house. I'm single, with a dog "frenchie" been considering buying a home since I am a veteran and I could use the VA loan benefits which qualify for either a home or condo. But I hate HOA because they can be costly! I reviewed your other video, the most affordable beach places to live too but I don't know the areas. I would like to walk on the beach, jog, do Brazilian Jiujitsu, ride my bike or motorcycle and just live life to the fullest and be happy in the process. Thanks!
    3
  41716. Famu highest of the 7 hills. Beach 30min away
    3
  41717. Transparency and honesty is serving you well, Sir. Quality of life and happiness has no price tag. All the best to you and go get that life you want :)
    3
  41718. remote workers are being called back and layoffs loom, how no crash?
    3
  41719. Freedom of big corporate looks different at 1,4% then average American at 2,9% now. Smells like corruption to me
    3
  41720. The tree that you said you saw in Brazil...we have them all over San Diego...particularly in Coronado.
    3
  41721. Hi Michael, did you say 1 B And 1 B $ 1,600 ?
    3
  41722. how much?
    3
  41723. Check the str limitations there. Clearwater is very strict! We had 3 STRs in Tampa. Tampa gets year round activity and does not try to close down good STR owners. If you create a party house your neighbors can shut you down which I actually think is fair.
    3
  41724. Try buying a beach front ocean view place in a nice beach in CA. 700sf just sold for 1.5M a 1800sf place in Del Mar sold for....wait for this. 13 MILLION. YES, 1800sf. Not 18,000. A place the size of the average 3 bedroom condo sold for 13M. 👌
    3
  41725. We are very interested to see price scams in house market, please keep up..
    3
  41726. Do a video on the homeless while you're there
    3
  41727. I really enjoy your videos. I hope you can reach your dream of YouTube full time.
    3
  41728. Thank you Michael for all your video,s, I enjoyed them all. Sailing from California to the East Coast I really liked Miami, we had our boat there several different times in the marina and loved it. Keep your video,s coming, great information always.
    3
  41729. Hey Michael...how are things looking for a Christmas vacation to Florida this month? What counties have the beaches open?
    3
  41730. People are living off their credit cards "temporarily" because they believe the media when they say that the economy is in good shape. The same media that said people were going to abandon coastal Florida after the last hurricane. . .I'm like "where do they come up with this stuff". I think that those slobs in the media have an overinflated self-esteem and make predictions for the entire population based on what they themselves would do. They lick the window like that. Raised by purple-haired teachers in the public school system, and refined in gender studies class.
    3
  41731. ⏱️ Tick, Tick, Tick.. 💣 BOOM! 💣
    3
  41732. Nevermind! Lol I just saw the top post.. lol!! Ok! So! I definitely want you as our agent!! What’s your email so we can contact you when we start to look?
    3
  41733. Michael Bordenaro ok, we are pretty set on St. Augustine
    3
  41734. great informative video as always....proud of how you have grown buddy keep it up!
    3
  41735. very well said brother ....👌👍✌️👏👏👏🙌😉🥳🇨🇺👍
    3
  41736.  @MichaelBordenaro  I understand wanting to stay away from it but clubs and restaurants are pretty much all being put out of business in CA whereas Florida Governor just said today they will not lock down again. BIG DIFFERENCE!!
    3
  41737. Beautiful neighborhood... keep up Michael.
    3
  41738. Hi! Good advices.. which areas are the best to invest in real estate? Tampa(clear water) , west palm beach or Fort L. ? My goal is to buy few Apartments for rent..
    3
  41739. Man that seaweed just kills these places, I wish the cities did better removal of it. Last time we went to Key West there were mountains of it, just no place to even haul it to. It would be so much more beautiful if there was a good way to get rid of that stuff.
    3
  41740. We’re in MA & have considered moving for years but low pay discouraged us. Now I can work remotely and keep my pay. Hoping to move in a year . Do you think cost of living is comparable to MA? It seems to be pretty close from what I can see!
    3
  41741. i prefer townhomes .
    3
  41742. A lot of these people at $165k live paycheck to paycheck because they like stuff. They don't save and getting an ARM is nuts. It shouldn't be unrxpected when it goes up.
    3
  41743. What about Josh Flag , and Josh Altman? Beverly Hills Listing!
    3
  41744. yes please make a video about the natural beauty!
    3
  41745. Michael- other than YouTube income how do you plan to go forward since RE is in a downturn?
    3
  41746. good video..........like the choices
    3
  41747. My kids and i are moving to Naples soon to breathe i dont wear mask Seedtotable you can work there and breathe as we should be so yes we are going in March
    3
  41748. Yes lived in Tampa been to clearwater yes liked it I like Miami Blue water so im sure ill love Naples
    3
  41749. Yes fresh sugarcane juice i love places that have alot going on
    3
  41750. If you love cows, horses, donkeys and goats Ocala is the place for you!!
    3
  41751. Keep showing all the crazy houses. It’s both fun and interesting to see.
    3
  41752.  @MichaelBordenaro  I hear you, after we check it out will weigh out the pros and cons to see which is a better fit, both have what we’re looking for, I really like st Augustines prices for homes and location being near the Carolinas, close to Orlando, Jacksonville and Daytona and like you said “not as hot” as other places in Florida because it’s more north but Sarasota we actually have friends in that area and I’ve enjoyed every visit going there
    3
  41753. muy buen video,super recomendable,jaja saludos
    3
  41754. WOW
    3
  41755. Do you think they're delaying this recession because they know it's the last one there will be? I.E. insolvency?
    3
  41756. Eh Id say the heat is worse in the midwest bc you dont get the ocean breeze. Sure, its hot but I actually got a little chilly back in July in Daytona at night. The ocean breeze can mitigate that humidity. Here in Illinois its just fucking hot without any of that breeze. Plus we dont get the ocean breeze taking mosquitoes out of the equation. If you go away from the beach they will be around but why move to Florida if you arent somewhere near a beach? Lol. Ill take the FL heat over the midwest heat any day man…
    3
  41757.  @MichaelBordenaro  Any sharks in that beautiful water??
    3
  41758. Looking to get out of Chicago too. I have a huge hatred for Chicago winters & cold. Plus I have health problems that cold makes 100 times worse. On a trip to Clearwater my pain level was significantly less. Def moving there in the next five years. Doing my homework now.
    3
  41759. Hopefully soon do you have any news on when they will raise again?
    3
  41760. Every person in the country needs to sub to your channel. Then America would get back on the right track.
    3
  41761.  @MichaelBordenaro  thanks so much I also want to get into real-estate so you have been an inspiration . I will look into those areas . If I didn't want to be right on the beach what is a realistic amount for a studio or 1 bedroom . Would you do apartment or condo.
    3
  41762. LOL You live in Florida so it can't be that bad
    3
  41763. Lived in FL for the past year. What you save in income taxes you spend in cost of living. Housing is expensive and it is a sellers market. If you’re coming down here to save money … perhaps you will up to a point. If you can tolerate miserable summers and no change of seasons , swamps.. this may be the place for you. Otherwise, keep looking …
    3
  41764. thank you. i will start looking at the places you recommended
    3
  41765. So glad an alligator or snake didn't cross your path! Glad you and Lisi chose to eat elsewhere. Yeah, areas like that don't entice me either!
    3
  41766. Also Haulover beach is on the other side of the inlet which is a public park with tons of parking. Dont let the nudies scare you off though
    3
  41767. I was going to retire last year at 66. When I retire my standard of living will go down 40% and that will not be something I will be happy with.
    3
  41768. Hi Michael, why is it sometimes you see a price increase for a property.
    3
  41769. Man, I gotta step up my tank top game.
    3
  41770. I had two different couples try to buy one of my off market properties here in Mount Dora / Eustis last week. Really enjoy your channel! 👍🏼🌴🐈🐈🐈🌴🏴‍☠️
    3
  41771. Thanks for sharing!
    3
  41772. I get tired of people sending me letters to buy my house so I was thinking if I listed for a very high price that's outrageous that they would leave me alone. what do you think?
    3
  41773. 57 CHEVY
    3
  41774.  @MichaelBordenaro  I would figure that the estate sales in the Miami area would be lower than the state's average.
    3
  41775. I can totally understand your feelings about CA and FL. I've lived in both states. Like one of your commenters, I lived in Los Angeles in the good old days back in the early 1980s. It was paradise. Beautiful places, great weather, was still affordable and it was safe to party and live. I absolutely loved it. I was married back then and my (now ex) husband and I, we were so young, barely out of diapers, restless and had a bug up our asses and moved around the country quite a lot. From Seattle, WA we moved to Los Angeles CA for a few years, then to Phoenix AZ, Las Vegas NV for a little while but the heat was crazy and because there were slot machines everywhere and I mean even in the grocery stores and gas stations, my ex couldn't hold on to a single penny, so we packed up whatever fit into our car and drove to the East Coast to try our luck in beautiful Bristol, Rhode Island, then on to Boston MA and finally to New York city. We spent 6-7 years in some places, only a short year in others. We finally ended up in Fort Lauderdale, FL and I loved it there just as much as back in LA. After my marriage of 16 years blew up and we got divorced, thank god we didn't have any children, I ended up in Coconut Creek, FL and was very happy there until I had to move back to Seattle for family. I have to tell you when I think back, the happiest I've ever been was when I lived in Florida. If I could, if my circumstances were different than what the sad reality I live in now, I would go back in a second. Not to CA though. The leadership in that state has changed for the absolute worse. The place is still beautiful, of course but they made living there a nightmare. Unless you have millions, then you don't care. Thanks for reading my rant. Hope everything works out and you are going to be happy with whatever you decide.
    3
  41776. opendoor is going to zero. They couldn't make money in the greatest real estate bubble in history, their chance of making money going forward is less than zero. Zillow is going to look like a damn genius in retrospect, as the first to get out. Took a loss but limited it and got out first.
    3
  41777. If you can't run with the big dogs, stay on the porch 🤣.
    3
  41778. Also Haulover Beach is nude. Please do a walkthrough LOL
    3
  41779. Was just in that area, also had the sore/itchy throat after being in the water.
    3
  41780. Another amazing video 🤝
    3
  41781.  @MichaelBordenaro  my pleasure 🤗
    3
  41782.  @MichaelBordenaro  you enable dreams my friend. Your videos inspire me to do more. I would love to see a video where you show 1+ million $$$ houses/condo 😃 I just love to dream big!
    3
  41783. With stunning views 😍🌴
    3
  41784.  @MichaelBordenaro  😃😃😃 I will look for it right now 🌴🌴🌴
    3
  41785. Hey stop making people smarter. I don't want the competition. Lol. Loving your vids more and more.
    3
  41786. 6 months of winter 🥶 ❄️ Tell me about it…cries in Connecticut 😭😭😭
    3
  41787. That’s a very quiet neighborhood you’re walking through. Practically no traffic. Nice. What was the average sales price for these homes five years ago, approximately? You mentioned $1.5 million currently. Is there occasional flooding? On the flip house you pointed out, I saw the AC unit was elevated about a foot from the ground.
    3
  41788. It seems there are more storms on the Gulf side versus the Atlantic side.
    3
  41789.  @MichaelBordenaro  That said, I would prefer the Atlantic side. Either Daytona or farther south.
    3
  41790.  @MichaelBordenaro  Funny, we took a trip to Daytona several years back, and there were storms galore on the gulf side, not one drop of rain in Daytona.
    3
  41791. Michael what do you see happening with waterfront luxury homes? Will low supply keep prices up or do you think people just aren't going to spend 5 plus mil in cash anymore? Atleast for a while? So far, I'm seeing prices very high (AMI, siesta key, etc)
    3
  41792.  @MichaelBordenaro  can’t wait! thank you :)
    3
  41793. "Now that we're done making fun of the umbrella chasers..." 😂😂😂 That is hilarious. As someone who is looking to move to FL and clueless about securing an umbrella, that would totally be me... chasing the stupid umbrella lol. Cool info to know about the concerts! Ironically Metallica was my very first concert I went to (age 15) and the last one I saw (3 years ago). Good to know Daytona has a lot to offer!
    3
  41794. 20 to 30 % correction coming soon as zillion starts dumping.
    3
  41795. bad choice on background- too many distractions- can’t focus on what you are saying. too much background noise
    3
  41796. i see when looking at places in Miami beach there are many coops? whats your opinion on them?
    3
  41797. Michael could you do a video for all of us first time homebuyers who are currently sitting on the sidelines? A video on important info to have BEFORE the biggest purchase of your life. Thanks.
    3
  41798. LOL.... funny vid. Man I'm getting some financial help to move to So. Florida. I can't f###king wait. 🤙🤙🤙
    3
  41799.  @MichaelBordenaro  the double meat will knock that up here as well.... It's why I pick up roadkill /my savings tips!
    3
  41800. This was a good vid, good info! I don’t know how the next generations are going to make it with these prices! And that’s anywhere!! Not just FL! Oh, nice hair cut too. 👍
    3
  41801. Yes, show us the properties, the prices and the property taxes. Very interesting.
    3
  41802. Other countries banks raised rates because we, the US, did. If you are offering 1% interest on savings accounts but another country starts offering 5% you will find a way to get that higher rate. As a result "the inflation" in our economy is indirectly creating inflation in every other country. It all started with the US. Personally, I don't think the fed knows what they are doing.
    3
  41803. Purple haze, all thru Michaels brain, whatever it is, Lisi, put a spell on him. That was trippy man. You ever try playing Eruption? I remember hitting the record store the day VH 1 came out and it blew my mind.
    3
  41804. 50% lower in high P/E mkts. 15%+ lower in all mkts as a minimum. Will take 18 months or so from here for most of the drop.
    3
  41805. Wow Jensen Beach. I used to live in Port Saint Lucie Florida in my high school days and that was way back in the 80's. I remember going to Jensen Beach, fun times. And there was a time I had moved to Palm Bay Florida after high school for a short period of time. That was also close to Melbourne Beach. Cocoa Beach is next town over I believe.
    3
  41806. I will tag u next week Michael from TX have a good weekend
    3
  41807. Ahh... Marin county. Whatever you do, do not cross San Rafael Bridge to East Bay if you value your life.
    3
  41808. hahah i c me
    3
  41809. Boom and bust in 2022.
    3
  41810. The thing is: 50% of one person's income isn't weighted the same as another's... If i make 100k a year and my house is 4k a month, that still leaves me 50k extra in emergency funds for expenses. Someone that makes 35k a year and their house is 1500 a month only has ~15k a year in extra money for expenses. I understand the argument, but this isn't a bell curve. Once you hit a certain income, 50% is very doable. Perhaps not financially smart, but easily doable...
    3
  41811. I have to drive 30 min to get to a decent grocery store ☹️
    3
  41812.  @MichaelBordenaro  yes Im praying one day for me and my husband to move to Florida. He isn't on board with the idea, yet 🙂
    3
  41813. There are price cuts on for sale homes in my neighborhood/school district, which are about 5-8% average. I don't think Feds going to start cutting rates until July or maybe Q3.
    3
  41814. Thanks!
    3
  41815.  @MichaelBordenaro  Yes it is and I’m really torn because I’m at a place in my life where I desperately need change. I was seriously considering moving to Saint Augustine so that I’m still close to my elderly mom but I think I heard you talking in a recent video about how Saint Augustine is becoming unaffordable? (correct me if I’m wrong) according to these potential offers, I would have a substantial amount of equity at this point ...so do I sit on it, or do I take it and run Lol.
    3
  41816. You mentioned one of my previous towns of residence, Couer d'Alene for almost 2 years about a decade and a half ago. There was a rich developer there, Duane Hagadone who built very nice buildings there and a floating golf hole or mini course. They had over 5 feet of snow on the ground one winter I was there
    3
  41817. Looking very nice with the Grandparents!!!😊😊
    3
  41818. Good one
    3
  41819. Michael, do you have any experience with Gainesville? If so, what do you think of it? Or anyone care to comment?
    3
  41820. Another great video. Love the houses on the water. The only thing is that they are too close to each other, I guess that is the price you pay.
    3
  41821. I dont know if this is good news or bad news, I hope people who cant live in florida move out
    3
  41822. Is the info from a exzibit song? Lol it sounds like hydraulics
    3
  41823. 150k a month for rent. I find that funny.
    3
  41824. Let me know when ur near santa monica
    3
  41825. Left CA 5 years ago and it breaks our hearts what has happened to CA! Nothing like the amazing and great State I was born and raised in.
    3
  41826.  @MichaelBordenaro  my thing is the people who are feeling for a break in taxes better not come to other States and screw those up too just like they did to CA!
    3
  41827.  @MichaelBordenaro  Personally what i like about your channel is that you think outside the norm when it comes to life. You say its okay to spend money when it improves your quality of life but also to save. All we are told is to save save save and not spend. Also the marriage things is a good point and just advice you would give to your younger self. Maybe career advice, relationship, things for guys like me in my 20's
    3
  41828. Another Great Video, Michael !.....Bottomline: Those who buy R/E now are buying an asset that is trending lower and paying interest for the privilege. The nice thing about Patience ; you don't have to pay interest to wait and you are rewarded with a better view on the R/E Market !.....Thank you..
    3
  41829. Michael & Wife, Thinking about you both, your community and hoping you are safe. Last night's tragic building collapse has all of you in our hearts, in our prayers and on our minds. oO( 💔 )Oo
    3
  41830. HI THERE toyou BOTH , MY DAUGHER LIVES IN MANHATTEN BEACH SHE WANT ME TO COME LIVE THERE AND I AM DOING JUST THAT WHEN THIS VIRUS THING IS DONE SO I CAN TRAVEL AGAIN LOVE YOUR VIDEO !!! WENDY LOVE FROM CANADA !!!!
    3
  41831.  @MichaelBordenaro  THANK YOU VERY MUCH !!!
    3
  41832. at 11:52 listen for the green parrots.
    3
  41833. Michael what are your thoughts on Title Lock? My brother thinks its a crock, I think its needed. Thoughts?
    3
  41834. On grocery prices in Australia, it's a duopoly making record profits. The government is going to come down over it amongst other things. Like buying a $4.3M home in a cost of living crisis. We have an immigration issue too, who knows why. Although I believe it has something to do with propping up GDP.
    3
  41835. I love your videos. I have been watching your videos over the past year. You are giving us a lot of valuable information to make informed decisions that can make our future more secure. I agree with a lot of your view points. The other side isn't giving us the true information on the economy as they don't want us to panic and stop spending money. I on the other hand believe it is better to prepare for the future by living within one's means and getting out of debt, which I'm doing. Keep up the good work, Michael. You are doing us a great service by keeping us up to date on the state of the economy.
    3
  41836. All we have is now. So good.
    3
  41837. I live in south east PA and the house I was looking at has 100 people booked to look at it. They want all offers in by tomorrow. They've been on the market for 3 days. Markets are different everywhere
    3
  41838. Love Florida! So glad you were brave enough to make the move, all those years ago! :-)
    3
  41839. Mike! You know what is going on in other markets that were booming secondary to tech? Maybe time to go to on a little vacation to Austin, Puerto Rico? Would be nice to see you walking somewhere else since many of us are working like crazy just to pay our bills 😂
    3
  41840. Michael,...totally off subject here,..but,...I pulled the old 45's of out the closet this weekend.''The Flame'' by Cheap Trick (shout out to Rockford IL )still sounds amazing.
    3
  41841. Wow, wonderful place, just left Miami Beach beautiful place!!!!
    3
  41842.  @MichaelBordenaro  I just finished watching this video is so nice !!!
    3
  41843. Great story Michael. Glad you turned a positive out of a negative experience with some incredibly stubborn and unrealistic sellers..
    3
  41844. Idea for a video: Maybe you could make a short video on what you do before leaving your condo for a vacation......Of course, turn the water off but what about leaving the a/c on......???
    3
  41845. They probably let it go cause the appliances and copper kept getting stolen
    3
  41846. Oh my gosh!!! I need to upkeep the home I own. Oh my gosh! I have to upkeep the property landscape up and not allow blithe to set in, let the neighbourhood look bad and try to drive down property taxes of my neighbourhood. Oh my gosh!!!😮
    3
  41847. Once I turn 70 🎉 😮I will head to Colombia 🇨🇴 to retire, because the way things go , is impossible to retire in usa 🇺🇸
    3
  41848. Drive safe :)
    3
  41849. Not feeling it on Florida or California
    3
  41850. If your salary remained constant for 5 years you would find a new job. If your house didn't appreciate for 5 years, you wouldn't sell and rent? Real estate allows the entrepreneurs to flourish. Taking risk has to have rewards or Vegas wouldn't exist
    3
  41851. Thank you again Michael for another useful video. I will turn 50 next Feb and have never owned a house in my life because of the fear that I have that you have laid out on this video. Kudos to you for your efforts and to your channel!! :)-
    3
  41852. A lot of people left the workforce 3 years ago voluntarily. And baby boomers are retiring not counted in the unemployment roles which makes the numbers look really good. The companies are not replacing them.
    3
  41853. Supermarkets, banks and other businesses will merge to stay a float. Corporations and large companies may need to downsize sufficiently to stay in business. Greedy organizations will pay dearly this time around. Time to pay the piper or lose out. Save money live well below your means, buy only necessities and grab a side job make the cash pay off debts.
    3
  41854. most of their problems were elected?
    3
  41855. The rise is incredible, some say it could go to 500,000 which would be absolutely insane, and would make a lot of people rich, but I just don’t see it ever becoming our main currency (I’m no expert) but I see it as a risky investment, I’m more in line with Dave Ramsey type investments, live below your means, slow, and steady investments in things with over a hundred year track record, and things you know will continue to go up over the long haul
    3
  41856. Another good video! Let's get one to go viral!
    3
  41857. I'll be waiting for you to find a relatively low cost home in a nice beach area without all the xtra fees like HOA etc like somewhere on your beach tour up north of Miami. So let us know.
    3
  41858. I like the quaint look of the area. Surprised at the cost of properties. NSB and Edgewater are both nice areas.
    3
  41859. FOMO sellers have not broken down
    3
  41860. oh my goodness, it is so scary to think banks can use software like this, but even scarier that all this information is so readily available for anyone who cares to look :/
    3
  41861. Thank you for this information! I was contemplating a career in this.Thank you for keeping it real.
    3
  41862. Poor Santa, it's such a thankless job, and it doesn't even pay well from what I heard. Glad to see him enjoying himself 🤣
    3
  41863.  @MichaelBordenaro  🤣
    3
  41864. Every time you show something like, I am overwhelmed how much you can get for your money in the USA. In the UK you would’ve get a third for that price. Anyhoo, My question is; how easy is it to renovate a place like it? Let’s say I bought it and want to remove or rearrange some walls to maximize usable spaces, remove the tile flooring in order to install a different kind etc. does it require a special permission from the building management? Do I have to get permission from the local authorities? Thank you 😊
    3
  41865. Michael Bordenaro thank you so much! 👍🏻.
    3
  41866. Your comments and questions are so great!🙌😊
    3
  41867. Mike, I bought a home in Florida in 2022. I bought a new build home. I always buy stuff at high.
    3
  41868. Thanks Michael 🙏
    3
  41869. 👍✅🙀✅👍
    3
  41870. Every city has their hoods
    3
  41871. Save your money and buy used, two or three year old. Remember it's only metal.....
    3
  41872. there is just no way 2.6 trillion from common folk's savings until now. if anything they should have spent them already. 3 600 dollars check isn't going to last for over 2 months, I still remember, out of all the money given out, only accounts for about 1/5 of actual spending, the rest went to loans for business and stupid gender and climate studies, fed rack up 10 trillion in the past year or so, you think those debts are for you? no way, whatever build back better crap that Brandon is vomiting out, only less than 1/4 is for infrastructure, the rest are just money for their corporation doner. if I help an elder lady to borrow 20k on her credit card, pay her 1800 buck, then took the rest as a fund to "invest in her future", the FBI will be on my door very soon, but if Brandon does that, nothing happens.
    3
  41873.  @MichaelBordenaro  thank you, currently, I'm in between Orlando & Miami since I have family on both. Just wanted to know what area was best if you can link a video that will be great.
    3
  41874.  @MichaelBordenaro  thank you so much, I watch both videos plus will be watching more. Great information and I do like the idea of airbnb, something I will be doing once it reopens to travel. Thank you again for your great content, continue the great work.
    3
  41875. Another thing to consider is that with higher interest rates, you can deduct more mortgage interest. I think the thing to do is wait for prices to drop and disregard interest rates to a certain degree. Variable rate mortgages should really only be used by investors to increase yield but also have the cash to pay off at reset time. Love this channel. Great advice.
    3
  41876. As always, very helpful and valuable content! Thanks Michael. Definitely looking forward to your upcoming videos.
    3
  41877.  @MichaelBordenaro  np, gotta keep the youtube algorithm up on my end for this valuable channel. :)
    3
  41878. Michael, did you lose any investment money in FTX? I didn't fall for the dangling carrot. The rule is to never invest more than you are willing to lose. I wasn't willing to lose anything. 😁
    3
  41879. That is so cool. Congrats on your 10k !!!🥳🥳
    3
  41880. A nice compromise might be eastern TN. The weather is more temperate in NE TN. Tornados are rare near the Smokey Mountains. There are lots of lakes. You keep your freedom & no income tax. Housing is cheaper...In 5yrs CA we'll finally have new governor. Fingers crossed things will change. Maybe you could rent a Class A RV for a month or 2 and stay at the KOAs around Marin in the interim. As a San Diegan I get this struggle. Absolutely hate the liberal politics here and ALL the problems it creates. But I can't give up perfect weather/infinite outdoorsy options, minimal bugs, endless amenities including healthcare & real Baja Mexican etc foody mecca.
    3
  41881. How much for those homes under construction that you walked by? What's the cost per sq ft?
    3
  41882. I enjoy the pace of walking videos it's so relaxing and very friendly ,feels like walking with a friend
    3
  41883. My favorite beach is Aventura (just from pics). If I'd like to even have access to the area once in awhile (live near enough). Access to stores that sell organic produce is a big deal to me on my search.
    3
  41884. Thanks for another nice video Michael that gives us all hope, educates, and fuels our dreams.
    3
  41885. Your middle credit score has to be above 720, for you to qualify for the best rate.
    3
  41886. I appreciate your sincerity. You are doing great work because you have good intentions, are grounded, and genuine. Thanks very much. I know my life has been so limited because of fear based thinking. I have not taken the right risks. I am still only 31 so I hope I can adjust my way of thinking and find more success going forward. This video is something I and many ppl need to hear.
    3
  41887. Don’t give. A S still moving down
    3
  41888. I love your channel and all the advice. Hope the younger guys are listening.
    3
  41889. Mike, Your video is spot on. We received a mass email from our insurance broker warning all clients that our insurance renewal premiums (we renew next month) will rise exponentially for all policies. The homeowner will triple and auto's will double at a minimum. We have never had a claim in our history. She advised not to cancel the existing policies in reaction to the increases because switching carriers may result in an even greater premiums increase. Where will it stop? Cheers Mike.
    3
  41890. I don’t see rent going down in Florida.Thank you Michael 😀
    3
  41891. Vote with your wallet! No more Target for us
    3
  41892. Would you recommend living in an rv park until you decide if you want to rent or own a place in Florida
    3
  41893. Where would you suggest for retirees that are used to big city life but are now going to live on a limited budget.
    3
  41894. I agree, Sanibel and Captiva is disappointing.
    3
  41895. At the end of the day, if you own a house WITHOUT much equity then yes, foreclosure is possible. It doesn't matter if the market is hot or not.
    3
  41896. In 1986. A 50k loan With taxes and insurance was going to be 650 a month for 30 years ….
    3
  41897. “Proximity bias” = Out of sight, out of mind. My sister works remotely for 50% of her work week. She’s a program analyst for a major airline. No one else in her department is trained to do her job. She seems to have job security.
    3
  41898. More businesses will leave New York and California.
    3
  41899. thank u
    3
  41900. Its Christmas eve and notice I missed this video ....I'm also a night hawk...love being awake half the night ... I get my best sleep in the morning. Christmas with half my family has been postponed due to snow storm....first time ever so will have a small affair instead .... this is when I wish we lived in Florida... sans snow.....keep putting out those interesting videos and have a great xmas
    3
  41901. Answer to your question at 7:02 : sunny days only please. I get enough rainy gray ones where I live... haha.
    3
  41902. Im not in that income bracket, but I stayed at a 5 star hotel in Bal Harbor...back in the 90s. Its amazing. 94 degrees in Miami does not feel like 94 degrees in Philadelphia. I need to return...for good.
    3
  41903. Dude .. you got some cajones and at least you've got that much cashola to do it ;)
    3
  41904. In SoCal $9.99 for 1 doz pasture raised lg eggs, $12lb for Kerigold butter. But only $15 for a 24lb turkey. Yah, I paid $1500 a ticket (4 tickets) to see my dtrs fav band (Cold Play) in 2006 in LV. We were near the stage, it was worth it! It was a memorable weekend.
    3
  41905. THE HOUSING MARKET WILL STOP SOON......Inventory will rise with the job losses. I went over the triggers on a video.
    3
  41906. Thanks Michael 👍😊
    3
  41907. What is the name of your other channel again? I will check it out right away! 😊
    3
  41908. 401k,403b,and others seemed dodgy right from the beginning. And the people handling our money do not have much background to deal with all the money.
    3
  41909. Even oligarchs know the houses are overpriced and waiting for a collapse and the house they are after goes into receivership.
    3
  41910. Also I’m becoming more interested in Ormond beach area. Except for Daytona I think the area from St Augustine to Cape Canaveral offers the max enjoyment / weather for me. Anyway relevant video but I think Youtube algorithm might have buried it because it didn’t show fir me via a search so I had to just go to your channel since I already knew about it from watching before after getting a notification
    3
  41911.  @MichaelBordenaro  the walking tours are good too but I guess it boils down to what people are more o retested in watching. I enjoy learning something new whatever the videos are about
    3
  41912. The elitists need to turn to US manufacturing plants because they can foretell the future (6-12 months in advance). US manufacturing is receiving less orders, and more requests for cancellation of orders in Q3 and Q4. When this happens something wicked this way comes. Yes a recession is coming, there is no doubt and it will be very apparent in 2023. I read that almost 5M job postings were cancelled. We still have job openings, but the majority of the openings are for entry level, and tier one positions. My prediction is that job openings will drop to 1M jobs in Q3, 2023. There will be part-time Christmas help in Q3, but let's face it, that doesn't pay the bills.
    3
  41913. This lovely park will be turned into a regular, urban park like the one across from the City Hall.
    3
  41914. Hey Michael! Sean here. I’m another Illinois native. I absolutely love your content! Keep it up! I wanted to ask since your a music guy (love the dual rectifier btw) how’s the music scene down there? I’ve thought about relocating down there. I know some rock guys have lived down there: iggy pop (the late) Chris Cornell, etc. I wanted to know your thoughts.. cheers! 🍻
    3
  41915.  @MichaelBordenaro  sounds great! I’m looking forward to it! Cheers and thanks for responding 🙏🍻
    3
  41916. Can you give me your opinion on the Vero Beach area and housing market? I'm looking to retire and move in a year.
    3
  41917. Meh. If someone bought a house in the last 15 months, seems like they should've been ready to ride out market fluctuations over the next few years.
    3
  41918. What is going on with the video?
    3
  41919. Regarding HO insurance: I had a similar problem when my homeowner insurance company declined to renew the policy on my house in California. I found out this was because a couple of years back there were wildfires in our county which approached but didn't reach my neighborhood. My insurance agent was unable to find any insurance company that would issue a policy on this small house that is on the city/county border. Instead, she got me a policy from the California FAIR Plan, which is a state run plan that is the insurance of last resort. It only covers the house for fire, not the detached garage nor any other outside structures such as fences or sheds. I had to get a separate policy from an insurance company for homeowner liability and other things that a standard homeowner policy covers excluding fire damage. The total cost was higher than I was paying before, but at least I have some coverage. If I want earthquake coverage, that's also a separate policy.
    3
  41920. Jacksonville
    3
  41921. Bonita Springs' beaches are nice, but I do not like the sharp, broken shells found everywhere in the sand that can easily cut your the bottom of your foot. As adult, I can put up with the pain walking over broken shells. But for the accompanying young children in the family, it was really a challenge for them. Sarasota's beaches still top my list for a family weekend getaway - best quartz sand ever!!!
    3
  41922. True good funny interesting .....video
    3
  41923. Nice video. I looked at renting in Bay Harbor Islands back when I first moved to S. FL in 1990. Rents were about $700/mo for an older 2/2 back then. Today, these buildings are another 30 years older. Still looks pretty much the same. Most of these buildings don't have a garage and I don't like that.
    3
  41924.  @MichaelBordenaro  Thanks so much for the explanation!
    3
  41925. Exactly! That's what will happen. Golden rule of banking...." He who has the gold, makes the rules."
    3
  41926. wear what you want bud i watch your video for the great content and why do we need to impress people that we don’t know, keep up the great work! love this channel 🤙
    3
  41927. Come to the Philippines during your Florida escape time. I lived in Boca Raton (Porta Bella Yacht&Tennis club on Jeffery street with a perfect view of the intracoastal) for 7 years (2009-2016) and at 54 I was needing more adventure than Florida could provide. So I sold the place in September of 2016, dropped $226k of the proceeds into 2000 Apple shares (you can check to see what those shares are worth today, and I still have them) and jumped on a plane to The Philippines. I never went back. At least not yet. Lived six months of the last four years in Vietnam as well. Another country I’d encourage you to visit. Just an amazing experience. And four months out of a year is enough to see both countries. Just get here, and then you’ll know what those of us who made the jump know. Zero regrets.
    3
  41928. One thing in common with all those homes is the lack of a tropical environment. But that's what you get for a quarter million here.
    3
  41929. Brother I love your videos but you need to stop aligning yourself with a common working individual. Your semi celebrity and getting thousands of dollars a month from affiliates on YouTube. I mean, even Kevin Samuels did not have that many failures when he started and he was well off. Just admit it you are better than many of us you can buy a house with a months worth of affiliate revenue from YouTube. Good work anyway. Thank you.
    3
  41930. Michael Bordenaro You bet, Michael. The only thing better than your videos is visiting Florida in real life! I aim to visit within the next year. Once a year, MINIMUM!
    3
  41931. THANK YOU VERY MUCH FOR TAKE YOUR TIME AND MAKE THIS VIDEO AND POST. YOUR THOUGHTFUL HEART IN THIS MOMENT IS SO VALUABLE. 🙌
    3
  41932.  @MichaelBordenaro  I'm moving to Tampa next year so hopefully things calm down. Either way I'm committed, and your videos helped a lot thanks for the great work you do
    3
  41933. I thought you got attacked by a dog. 🐕 lol
    3
  41934. If you want to live by water and no flooding, maybe a large lake somewhere would be a better option? Minnesota has some big ones
    3
  41935. Great T-shirt Michael! Goes well with your new vantage point of looking at the rain and city.
    3
  41936. Those ankle bites are furious Buy land, build whatever you want. Houses will always be built. Land is limited
    3
  41937. That manatee viewing area is so secret, even the manatees don't know about it... lol I could see a gator loving some human flesh at that spot... Looking forward to your next video. Cheers! 🌴🌻📷
    3
  41938. We are planning to relocate and this craziness of buying is still going on from what I'm seeing. We are looking at NC but I keep seeing people jumping for properties and paying exact price without any negotiations! When the price is double from 2/3 yrs ago. I guess NC is a hot spot for those northeastern people relocating. We will have to wait it out!
    3
  41939. If anyone in Miami wants the debris off of their property, they just need to invite you to come & do a walkabout down their street. Within moments, a leaf blower guy will magically show up! 😂 🌴
    3
  41940. Awesome video, can you do houses you can get with huge backyards for $300,000 in more private areas but within 1 hour to beach, thanks
    3
  41941. This was awesome and I did notice the last video or so that you were out and about. It would be beneficial to know what city and what neighborhood you are in. That would only take a second. Thanks for getting out. I agree with you on basically every point. Enacting a law on this would not be infringing on personal freedoms in my opinion though. You got down to the core of it. Corporations are not citizens and they should not always come first. That is part of the problem in this capitalist country, corporations get to dictate because it is their money that gets these politicians elected and the elected officials cater to the corporations because of that. The government tells us we must have auto insurance, we have to have a license to drive, and the government can break up monopolies. Well, these corps like Blackstone are monopolizing the markets for profits. We should put a stop to it because it creates inflation on wages and everything else to keep up with the cost of housing and everything else. We raise the minimum wage and the result is the businesses raise their prices to get a piece of it. So, the little guy continually loses out. Affordable housing is a tremendously serious issue in our country because of this. You saw the homeless crisis first hand across the country. The tide in this country that indicates the little guy is struggling. Even well to do people are having troubles finding a nice affordable home. Take crime as a big indicator. People are desperate and do stupid stuff when they get desperate. Look at all the stupid crimes we are seeing these days. I digress. Nice topic. I found out about Blackstone in 2020. Something must be done; and, the government has the power to do it. Our leadership has been short sighted and too focused on the corps and high income folks. Some are blessed with education or the where with all to be successful, but we thrive as a country when everyone can have benefit from our greatness. This practice is destroying the part of the American dream of home ownership and a decent life. We pay way too much on housing.
    3
  41942. Chopping off hands haha
    3
  41943. Car battery should also get warmed up, before getting used (driving).
    3
  41944. Up and down you know what happens after ( crash)
    3
  41945. Michael, u will be remembered in my heart in the end times - u did God's Work. Thank you, Sir.
    3
  41946. “Remember this. The people you're trying to step on, we're everyone you depend on. We're the people who do your laundry and cook your food and serve your dinner. We make your bed. We guard you while you're asleep. We drive the ambulances. We direct your call. We are cooks and taxi drivers and we know everything about you. We process your insurance claims and credit card charges. We control every part of your life. We are the middle children of history, raised by television to believe that someday we'll be millionaires and movie stars and rock stars, but we won't. And we're just learning this fact. So don't fuCk with us.” ― Chuck Palahniuk,
    3
  41947. Have you been to LA lately? How accurate/exaggerated is this video, https://youtu.be/HKCfu4UJQiQ ?
    3
  41948. I think it will take a few years for miami , naples to slowly let the air out of the massive bubble.
    3
  41949. Really enjoyed the video
    3
  41950. I don’t think higher home prices are not as bad as you think. It gave many homeowners good equity which is preventing market crash like great recession. You are rather talking as Robin Hood but you need to see positive side of higher real estate price as well. I don’t see why you think higher property price is all wrong. It makes US richer with US dollar being stronger which will prevent foreign investors to back off automatically. I don’t see why government should get involved to do a favor for only one group of people, first time buyers. It’s like Joe Biden using our tax dollar to favor only one group of people who has student loan.
    3
  41951. *46% in california sorry.. but my point is.. perspective and if you want to live where it's best, you are going to have to pay up. At the end of the day.. we only have one life.. you are not gonna take your money with you to the grave and if you don't have kids.. the only reason to be scared of paying more in taxes is the scared mindset of becoming broke. You need to let go of that mindset maybe..
    3
  41952. Michael, thank you so much for being my voice on the illegals taking all American citizens tax dollars. l am to the point where it is affecting my daily life because it is so wrong and we are forced to sit and watch it all unfold right in front of eyes.
    3
  41953. Amazon is starting to buy homes
    3
  41954.  @MichaelBordenaro  I never thought of that in that way,that is why I watch your channel.thank you😃
    3
  41955. In 1987 I went to purchase a vacation home in Key Largo. Kawama Yatch Club. I knocked at the door the owner came out and told me to come back in half an hour because he wanted to finish his drug deal.
    3
  41956. niceee
    3
  41957. It is so strange seeing some of those high rises without power. It is creepy in a way. Miami is such a vibrant place and is always lit up through the night, I have never been there during an outage like that. It just doesnt seem like Miami that I know and love for sure. Fun video, pretty cool to see such an odd thing documented. I almost would like to see it happen again here in a few weeks while I'm there. It would suck for the people there but it would make for a fun little adventure for me haha.
    3
  41958. Venice Beach is a dump. Don't go there...trust me
    3
  41959. Hey ! I know this video is old but how would you add money to the discover bank account ? Could I add money at a dollar general or ..
    3
  41960. Good Show!,Do More of these Drives,as We see so much more[near the Road/Street UR on,that is]kep`em goin'!
    3
  41961. That's good original music! It sounds as good as the other stuff you were playing. You just need a tour bus now for the trip. Hike Runyon canyon about 20 minutes from Bev Hills if you still stay there. Amazing views.
    3
  41962. Nice! We’re planning to drive from California to Florida next year. It will be an unforgettable cross-country road trip. 😎
    3
  41963. Shout out to you for equaling the views that msnbc is getting for their videos
    3
  41964. Sadly true. I feel sorry for people who lost their jobs but it's almost as if property owners have been made out to be the bad guy. We had a small compound with a guest house which we finally sold two years ago but if we hadn't been receiving the rent on the guest house we would have had a really tough time covering the mortgage and everything else. Many people that own rental properties are not wealthy and the upkeep takes up a lot of it.
    3
  41965. awesome to see nick on!
    3
  41966. Great video! Loved the mellowness of that island! Loved the turtle at the end, eating away! Hate it that it was so windy snd blew that sand all around. That happens here a lot. No fun when that sand sticks to your sunscreen!
    3
  41967. Retire in place
    3
  41968. Buy now, broke later!
    3
  41969. Awesome video keep em coming 🔥🔥
    3
  41970. Adjustable rate mortgages are awful . I had one and would not recommend one to anyone .
    3
  41971. Nice area, again! were there any strawberry vines? I don't know but why would anyone pay a $1million for a condo only to sell it a year later and expect to make money? I am sorry but 5M a month for rent is $60M a year... that's not affordable to the regular person... that can be somebody's salary before taxes.
    3
  41972. I paid 200 a person in 2017 I think for Disney land
    3
  41973. Are those from the sun?
    3
  41974. OMG ...I can so relate ...you jumping on the bed ...that's me...brain in overdrive...that's me...fall asleep at crazy hours...wake up crazy hours...I stopped traveling..I love my condo and I travel everywhere watching travel videos ....doesn't cost me a dime ...I would come home from vacation exhausted....love your videos and sense of humor....how about I like my own bathroom haha
    3
  41975. Like the collaboration
    3
  41976. I definitely get seasonal depression since I've gotten older. I love the warmer weather and the joy it brings me. Thanks for your input and valuable suggestions.🙂 💯👊❤
    3
  41977.  @MichaelBordenaro  Definitely will do. 😎🌴🏝🏖🌊☀️
    3
  41978. Yeah I found a few good priced condos in deland and daytona fl but then I looked at the hoa fees and it was like 500-1000 a month. Just seeing that shit makes me not want to ever buy a cando anymore. With my luck I would buy the condo and the next year it would go from like 200$ to 1000$.
    3
  41979. Been thinking about rv/car living until something else happens. No rent no mortgage just save. Keep my money to myself.
    3
  41980. Thanks.
    3
  41981. 🛎👍❤❤❤🌹🌹
    3
  41982. 👏🏽👏🏽YAY!!! You posted this. Thank u
    3
  41983. Thanks for showing this. What can i rent for 1,500.00 to 1,950.00 a month
    3
  41984. Make better financial decisions. Lol. Problem solved
    3
  41985. I am watching all these videos on the tower collapse because I can't stop thinking about it too. Although I live in Manchester UK. I kept waking up thinking about it then I saw this image of sea waves washing up-to the tower. It's so horrendous and shocking but it's a powerful story too and gripping for some reason. But on a positive note I just love the way you guys talk over there when I listen to your videos. It's amazing how strong you are all being. Sending love and best wishes over the ocean from Manchester UK.💐💐💐
    3
  41986. This is what happens when corruption is in power! We aren’t going in a good direction that’s for sure! On a lighter note -Happy Valentine’s Day 💕
    3
  41987. Thank you for sharing your knowledge and providing us with nothing but pure reality.
    3
  41988. IF YOU LIVE IN CALIFORNIA YOU CAN NOT HIDE FROM STUPIDITY PERIOD
    3
  41989. Another good video thanks a lot
    3
  41990. No hoa’s it’s an amenity of 160 per month and covers so much.
    3
  41991. Michael, How long do u think it will take before prices become affordable again?
    3
  41992. Are those AC units that are in closets and the apartments loud?
    3
  41993. Basic rule is no debt on depreciating assets, like motor vehicles. Cash transactions. Also, I'm no fan at all of EVs, turning out to be a horror story! Happy halloween too.
    3
  41994. Michael, good video as always. Random questions what do you use for the slick back on the hair? I have similar style and cut and can't find the right product....thanks man.
    3
  41995. Lovely tour!!
    3
  41996. Your videos are inspiring me to make the move to Florida that I have been wanting to for so long now!
    3
  41997. I was laid off last month and so I have no income and will not shop for Xmas. I applied for unemployment in Florida and we have the worst weekly benefits in the nation… $275 a week
    3
  41998. My friend beachside Mike! AKA Mr Florida. I'm still Loving your videos Man.
    3
  41999. I wish you would go to Palm Beach and walk Ocean Avenue.
    3
  42000.  @MichaelBordenaro  Definitely man , your videos helped me big time during a huge transition in my life so i stuck around plus you continue to speak on interesting topics so it’s a win win lol positive vibes your way bro !
    3
  42001. I'm patient as an octopus 🐙
    3
  42002. How about 10 reasons why agents leave real estate business?
    3
  42003. Btw the new BOA mortgage is open to everyone not just ethnic minorities so everyone if it meets your requirements and you are in the right area go for it
    3
  42004. Getting closer. Florida in 5 days. I will be staying at Juno Beach ⛱️. Cannot Wait
    3
  42005. Thanks for your post! I just left your city stayed at the holiday inn north beach and it was beautiful. Clean, quiet and very relaxing. I did not want to leave. Can’t wait to come back….thanks again! Sending love to Miami from Dallas Texas❤️❤️
    3
  42006. If the SEC lawsuit against Ripple goes well, I wont have to worry about the price😂 but life is never that easy. A home on the water with a dock for a bluewater sailboat and 2 jetskis can still be found for under 500k lol I'll keep dreaming big
    3
  42007. The best place to live in Florida is Ocala, the cost of living cost of beautiful homes, is the best Walmart is the best place to shop, I live in Ocala for almost 20 years and love it I don't have to worry about hurricane oh we have Target Macy's Sams Club Home Depot kholes, and REMEMBER WALMART, three of them here if you are a Senior like me go for a Condo, with a pool and a pool house, I love it here I also have a beautiful garden welcome to OCALA
    3
  42008. Awesome video ..hey I was wondering what editing app do you use for your videos? I just watched your credit score video and I'm glad I did. I just emailed a realtor in the Tampa area to get the ball rolling on my move to Florida
    3
  42009. Even if you carry over one penny on your credit card balance after the payment due date, any new purchases on that credit card will start accruing interest BY THE DAY from the day you made that purchase. It would take 2 month billing cycles with 0 balance before it will stop accruing interest on new purchases. Keep that in mind if you're thinking about implementing that myth.
    3
  42010. Enjoyed it Michael…thanks for sharing…I’ve lived in South Carolina all of my adult life but my home island place until college was even more rural/remote by far than your town……Pelee Island, Ontario. Always love visiting Florida! 🌴🌊😎
    3
  42011. I visited a cousin of my Mom at a Highrise on Brickell on the 104th🙄 floor and believe me, it was more Creepy looking out her Balcony than the beauty of the Ocean view?
    3
  42012. June 1st to Nov 30 is 6 months not 7 months. I do like your videos
    3
  42013. Good Stuff your production value is getting better! Love how you incorporate a nice view behind you, wind was a little annoying and need to put that dead cat on. But over all something is going on with this Chanel and growth is happening, Im moving to Miami May 1ST and I think about it every day.
    3
  42014. Great and informative video! Thanks for making these!! I just spent and 40 mins in Florida 😂🏝from freezing CT 🥶😫 I be snow birding in West Palm or around Cape Coral, maybe Boca hopefully soon! Wilma was not fun in Boca! 😵 🤯 🥺
    3
  42015. I enjoy watching your videos, keep it up!
    3
  42016. My hubby had to do something like this about 20 years ago, when he first bought our house, because he is a small business owner. Good service!
    3
  42017. All totaled, I have had nearly a dozen hurricane hits on my Florida properties. In Indiana, my basements filled with water a dozen times between 2 homes. One house took a direct tornado hit. Then straight wind and hail hit it. Then my third Indiana house burned with $160k claim. Then my second Indiana house I live in got straight wind roof damage, hail damage a few times and basement filled at least 5 times. The tornado damage replacement roof on first house was put on sloppy by supposed pro and that caused thousands in water damage a few years later. Of all these events, I only claimed the tornado, the fire, one hail, one hurricane, and 2 straight wind events, all in the last 19 years. About $230k total damages paid by insurance companies. Probably 25 other events that I just ate it and fixed it all myself. Stuff happens.
    3
  42018. yoour gut feeling is spot on. Michael... the super bubble is on it's last legs. Time to print.
    3
  42019. But there are flat trails all over Florida, right? I like flat barefoot hiking, is that possible throughout Florida?
    3
  42020. There is a reverse migration happening in Florida currently. People who fled from other states are finding out the salaries in Florida are VERY low and don't support the current increase in the cost of living in the state. The Rona nonsense is for the most part over so dollars and cents are becoming more important.
    3
  42021.  @MichaelBordenaro  I didn’t realize there was such high turnover and I was wondering about whether Florida home building was saturated due to topography but I haven’t seen all your videos yet like sinkholes etc. Will probably take a year to catch up on all the videos you’ve made. I watched one of the ones you did a year ago earlier today
    3
  42022. God bless all 🙏 May they save them .. condolences 💐
    3
  42023. Good for you! I hope it brings more views to your channel! Are there any stats on the average age of people relocating to Florida? Are there more retirees for example?
    3
  42024. How about 50 and broke? I've been looking for warmer climates to live in because I cant pay rent anymore in NY. As I'm writing this I'm moving out of my apartment and going to live in my car because rent prices where ever you go in this country are unaffordable Thanks for all your videos
    3
  42025. Can you share opinion on Boca Raton. Thanks so much Sharon
    3
  42026. At 1:53 a jogger disappeared into Michael's head. That is some seriously twilight zone stuff.Questions arise. How big is your head? How small was the jogger? More seriously, above trend house price rises may feed into more above trend house price rises in the short term, but they suggest mean reversion over the medium to longer term. How is that achieved? By falls in house prices. If housing rises by say 7% annually over the longer term and it has been going up at 20% a year recently, you are buying 3 years of gowth for every year of above trend price growth. The second point IS the first point, repackaged, and relies on steadily rising house prices, so it is a nullity as a reason. If the first reason does not hold, and it does not, then the second reason is similarly nonsense. Point 3: You buy at/near the top of the market, with 3.5-20% equity and house prices 'give back' years of above trend growth, then you are locked in, no chnace to refinance.
    3
  42027. Beautiful!
    3
  42028. I just got quoted today 5.625% on a small cash out refi with stellar credit……yikes. No thank you. In California btw.
    3
  42029. I appreciate you speaking the truth. Keep up the good work!
    3
  42030. What happens in 2025 when there's a lot more house availability because a significant amount of the population will be gone.?
    3
  42031. To bad Cali has hight cost of living 😉
    3
  42032. Nobody on the beach, even better.
    3
  42033. Do you know of any long term rentals in St Augustine
    3
  42034. Thank you for the information. I thought it's cheap to live in Florida I guess I was wrong.
    3
  42035. This is truth story, from my friend’s parents experience. They brought a house in 2006, about 560k. Sold their old house and put for down payment. Almost 200k. By 2010 they lost their house because they no longer make payment. You guess it right, the house worth less than what they pay for. In the end, they just let the Bank take over and give them back less than 50k.
    3
  42036. If you don’t post these life events how would they know? Get off social media!!!!
    3
  42037. Good retirement info ,the younger you start thinking about it the better off you’re going to be and Michael you keep thinking and doing what you’re doing you will be retired by the time you’re 60 keep up the good work thanks George C
    3
  42038. You just mentioned dog friendly/lol
    3
  42039. Thanks Michael for another eye opening video. There are homes in Michigan 100 years old and not unsafe, but that salt water, humidity, and sand base may be the contributing factor.
    3
  42040. Thank you.
    3
  42041. Fed is sayings Americans will go thru their savings by Oct 2023 😮
    3
  42042. Sunday Funday from 25k feet. ✈️
    3
  42043. Time for another riff!
    3
  42044. Get rich or die tryin'.
    3
  42045. a lot of Strawberries up in those parts. Especially the Tenderloin in SF and West Oakland. 😵‍💫😵‍💫😵‍💫
    3
  42046. Commentary of Fed is spot on.
    3
  42047. Wall Street is nothing more than a license to steal. That's all it's ever been.
    3
  42048. Great message
    3
  42049.  @MichaelBordenaro  getting ready to head back home to Baltimore soon and trying to stick to a good schedule for high motivation and discipline. I'm finding it hard though lol. And sounds great man, I look forward to it!
    3
  42050. iIs there a website where statistical data is provided about FL? Like info about state tax, current property tax, wages etc.. I'm trying to figure out if which is better: Living in FL or visiting. I suppose both has its pros and cons and can outweigh each other in some aspects. Finding out what fits you financially is crucial here.
    3
  42051. Thanks
    3
  42052. Making money online is the SHIT!
    3
  42053. Happy Birthday Michael! we love your channel! Do you have any advice on private health insurances? We will move to Miami from Milan, Italy, next year and will need a health insurance. I heard many different numbers as to how much to expect for a family of four. Any idea? Or recommendations? We have our own companies so no employer! Thanks a lot and regards from Milan Alessandra
    3
  42054. Why do so many people park on the grass in Miami? Just seems very unusual to me.
    3
  42055. I read the fed is rising rates to make homes affordable again. High Property taxes are killing homes sale also. I spent $23K on property taxes in Los Angeles. For a guy almost retiring that is to much.
    3
  42056. Well I enjoyed this video.
    3
  42057. Michael please never go into politics, you will fail,do to the fact you are absolutely to honest
    3
  42058. Wholy crap! What happened to Sarasota and Naples? 15% increase in home prices and 42% increase, 35% increase, respectively, in rental rates. Incredible.
    3
  42059. Good information Thanks
    3
  42060. Are you going to visit the Villages?
    3
  42061. That street behind you is in rough shape. Not sure if you're still in California, but clearly, your tax dollars aren't keeping up with road maintenance. Wonder what other services are being neglected?
    3
  42062. Most realtors are still Telling me to buy because prices will not come down!! Thanks for your honesty!!!
    3
  42063. We'll be in clearwater June 8th. Going to be a nice change. Can't wait
    3
  42064. That’s my dilemma. I want to move this summer to Florida from up north, but I’m torn between living near my son who lives in Lake Wales, but I do not like unwakable areas. I like living only in walkable areas like New York. So far I know it’s between Miami, Dunedin, or South Tampa. It’s nice to get out and not depend on a car.
    3
  42065. I saw a video where a dealer still has new 2022 models for sale. If people wait just a little bit longer they might be able to get one for 50% off. If they don't lower the prices there's going to be a lot of cars just sitting and rotting. I'm going to try and find some of these dealers and see what kind of deal i can get in a few months.
    3
  42066. The problem is that the housing market is driven by emotion, not much rationale. FOMO is an emotion. It has no base for any logic. Many people are dying to buy a house. The game is how many people are going to jump off the cliff at the first sign of smoke. Yeah, they will regret when they realize they are falling off the cliff into the boulder head first. But people are conditioned to dive. So he is basing his opinion based on the numbers. The problem is many people just don't. That makes predicting how the housing market is going to be pretty difficult. I will see how the sentiment is after this spring. This spring will make us or break us. I hope Fed is going to keep raising the interest rate.
    3
  42067. 1st 🏆
    3
  42068. Yes I remember doing that at Daytona pretty cool don't get to wash your undercoating of your vehicle. And don't stay when high tide comes in👍🏼
    3
  42069. Your videos are very insightful and helpful. Thanks!
    3
  42070. You'll be okay either way, somehow things always work out.
    3
  42071. Please make a video about vaccine passports!
    3
  42072. So how much is a beach front apartment? Say 1 bedroom or studio....do you think someone in the ‘gig economy’ could afford it while hopefully working your way up to a different career?
    3
  42073. Michael Bordenaro that’s really not too bad, most places in Nashville are that much. I’d rather pay that and be by the ocean.
    3
  42074. Nice beach day
    3
  42075. These cycles happen because they always make some people wealthier.
    3
  42076. Hello, did any of these have HOA fees or is it possible to not have HOA fees?
    3
  42077. Rates are now 7.125% and heading north to 8%, I’m predicting 9-10% next year and we should hang out there.
    3
  42078. Lisi for the win 😉 nice views
    3
  42079. At age 12 I told my mother I'd never get married or have kids. She told me I'd change my mind when I got older and discovered girls. 48 years later, I'll be 60 tomorrow, I'm living the life here in The Philippines where women half my age are perfectly happy to date older foreigners. I focused on myself and grew multimillion dollar wealth by avoiding the costs of raising children, the costs of potential divorce and the opportunity costs of being distracted from my career. I've never suffered in the dating market, have always been honest with women, letting them opt in or opt out with full disclosure that I never wanted marriage or kids. My advice to young men is to build the life you want, and then add a woman to it. Otherwise you'll end up on her plan. You can casually date along the way, but try not to commit until you've got you life and wealth worked out.
    3
  42080. Back on top !
    3
  42081. It seems so incredibly simple to hear how it was/is done as opposed to the threatening tone of "get off your ass and do something" and "what you need to do". You aren't coming at me like I'm an idiot. You're just talking. Things are starting to click. Why am I just now getting it to? It's insane.
    3
  42082. Every time I think about doing something by myself I just keep thinking "Where am I getting the fucking money?" (or sense of direction for that matter) And really I've just been thinking small.
    3
  42083. I suppose it isn't going to get done in a day. My brain hurts. Thank you kind stranger.
    3
  42084. You cant take it no more !!?? Im stuck in New York and florida wont even rent me a room anywhere !! Still !!!
    3
  42085. Please keep showing flips. Thank you
    3
  42086. Did you say how long its been empty??
    3
  42087. The economy will tank either way. If housing gets much higher, the economy will slow in other areas and young people will opt to live with their family. If they raise interest rates to curb inflation, it will also slow the economy. There is no fix. The correction is coming one way or another.
    3
  42088. I don’t understand why the institutional investors can make commercial profits in an area zoned for residential use only??
    3
  42089. great content thanks
    3
  42090. Looks like there's a lot scabby characters out there. This is like a plague in major cities across the country. On a positive note.. At least you don't have to dodge human feces like in San Fran lol
    3
  42091.  @MichaelBordenaro  You seem like a big fan of Cali. If you really want to visit there on your trip, you have to follow your heart on this one. Just practice a little situation awareness and avoid the sketchy areas. They are on the list of cities that defunded their police.
    3
  42092. Cảnh biển đẹp quá bạn ạ
    3
  42093. In gonna correct you on something since i am an LO. If you buy a house on FHA or VA independent of if you are upside down, you can in fact refinance. We call this streamlining. It is cheap and super easy to do you just cannot pull cash out when you do it. The minimum rate drop will have to be 0.5%. Secondly. Her DTI would be lower when you refi. You use the new mortgage payment with the lower rate to calculate DTI. When she got pre approved they calculated her current payment as part of her DTI there. Utilities and general bills do not count against debt to income. Only things that would show up in a credit report such as car payments, mortgages, credit cards, and personal loans. I agree with your general sentiment on the market and i think it is a bad time to purchase but please be careful. Realtors love to talk about mortgages when they have no idea what they are saying. If you buy now, even with good credit, go with an FHA loan so that if you end up upside down and the rates drop you are able to take the payment down. The loan has no appraisal and no DTI requirement as long as you can prove you are working. I work for Rocket Mortgage and our guidelines tend to be pretty strict so no this is not some fringe program. Hope this helps Thanks and love the videos.
    3
  42094. Great job. Keep these coming 👍. You should include your cameraman (woman) in your videos 😉😉❤️❤️
    3
  42095.  @MichaelBordenaro  Maybe even video of total cost of keeping property like in EU we have some property tax per year, then the normal payment every month that covers some stuff - I bet in USA its similar!
    3
  42096. Michael, not trying to be a jerk but it looked like your property taxes went down from last year. Did I see what I thought I saw? It looked like $9.1k to $8.8k But I understand your frustration Florida has a pretty good hard cap on things and it appears the foreign investors paying huge amounts in Miami are helping you out But I understand your frustration Trying living in Massachusetts where the locals can override prop 2 1/2 by vote, your property taxes actually go up 13% in a year and you lost the vote 1200 to 1000 with a population of 25,000 in the town. That is a kick in the groin Towns and cities should not be allowed to increase the budget without a vote and the vote has to have 2/3 of the eligble voters (supermajority) cast a vote. Notice I didn't say supermajority has to win the vote. 2/3 of the voters must cast a vote or the budget changes get tossed and you have to try again
    3
  42097. I disagree on prices never coming down, Michael, and I can articulate why. Much of the inflation we see is a byproduct of the increase in the price of fuel. This has driven up the price of fertilizer, the farmer running his tractors and harvesting equipment, running processing plants, and of course transport. Completing the Keystone XL pipeline, and unleashing domestic oil production would do much to get those costs back under control. But doing all that would likely take 2+ years to produce the desired results.
    3
  42098. My Opinion on what's going on now. Beloved: Try and get out of debt as soon as possible and if that means selling you stuff to make it happen sooner I would recommend that you do that. Our economy is getting worse and worse because of inflation. The cost of Goods and services will continue to rise as supply is impacted by food shortages and supply chain issues. Lots and lots of people will lose their jobs and become homeless. Crime will continue to rise as more and more becomes homeless. 7.2 million people In Florida alone lost their homes in Florida during this last hurricane and that is in Florida alone. I do not know how many other people lost their homes in the other states because of this hurricane. Most people live paycheck to paycheck so it would not take much to cause them to become homeless. chaos and confusion on what to do and how are we going to survive will take place and the people will look to the Government to help them out who are the ones who caused this situation in the first place. we are instructed to leave the big cities if we can and grow our own food.
    3
  42099. Yes want to see the implode
    3
  42100. How do you deal with having no friends or family really, being in supported housing. Not being able to move out or get a job (not allowed to yet) I’m 18
    3
  42101. Great video and important message Michael. Kinda hoping that 2020 has opened the eyes of many people to be more appreciative of family, friends and time and less worried about the consumption of valueless things. Fancy things are nice, but they don’t provide you with the same fulfillment as deep relationships. Seems so many have gotten caught up in luxury things and they realize how empty they are, but they feel that emptiness can only be filled with more and more things which is just not reality. They end up old and empty surrounded by beautiful things that will eventually be passed down or given away.
    3
  42102. For me any type of hoa is a complete deal breaker, no way no how !
    3
  42103. ❤
    3
  42104. nice. tour. (MIKEY) ✌🏾. yes. would dev flip flop that one LIZZYYY Home lmaoooo✌🏾. shout from NYC
    3
  42105. The Bankers really don’t give a shit as long as they get their bonuses..they’d sell their own Grandmother if they had to..they know the bigger they go the less likely they’ll ever be even a slap on the wrist for them..that’s what they learnt from the GFC..do anything you want with no consequences.
    3
  42106. I would not be shocked if people take out these crazy loans on their homes, get the cash, and some how launder it so they secretly have a few hundred thousand dollars for retirement hidden away in crypto or something after their bankruptcy.
    3
  42107. Your Jeep is really nice! Good luck with it!
    3
  42108. Great video and 110% true.
    3
  42109. I know it's not your home turf, but I'd be interested in a video about Gainesville. I just like the culture and entertainment that you find in college towns.
    3
  42110. Really good video !!....I was 16 and a security guard ( $1.75/ hr.) at a mall in NY. I used to have lunch with the construction workers at the mall....Michael, I can't make this stuff up ! The Balboa Tile Co. of Brooklyn's forman ( Enzo ) offered me a job paying ( $ 5/ hr. ( cash)).....Guess, what I had to do??? You were doing it at 9:09 min., that's Right , I had to polish the corners with a tooth brush.....Wow, I haven't thought of that in about 50 years !! ...THANKS for the memories !!! LOL......Happy Thanksgiving ........
    3
  42111. I’ve noticed over time if I don’t go to the beach often enough I become irritable and grumpy. Love empty beach hate crowds. It’s about 10 degrees cooler night temps up here in St Augustine so 40s during the cold front which sucks but hopefully balanced out next summer I hope
    3
  42112. Great video Mike!! WAy to speak up about crime.
    3
  42113. Mike I'm looking at single fam. homes in St. Pete and St. Augustine to live in it myself but of course want something in a place that holds value. Both places are very overpriced right now and barely any available at all round $200k for 2 bed, and they go like hot cakes. Would love your quick thoughts on those specific 2 locations as options. Which do you prefer and/or think is a better investment and place to live for me? I'm single, a young 40s, have a dog and work from home.
    3
  42114.  @MichaelBordenaro  awesome, thank you. No personal preference? I know they are both very different. Was just wondering your opinion?
    3
  42115. Thank you for the videos on The Villages.
    3
  42116. When the buy now pay later is gone its time to man or woman or whatever up! Get your a%$ up and do a manual labor job like fed ex or pickin melons or kumquat there's plenty of jobs out there yo just too lazy to do it lol!
    3
  42117. #28 on the like button!
    3
  42118. I own 2 businesses, I started the first one 11 years ago and I just bought the 2nd one recently. I am a total introvert and I honestly feel it has helped me be successful in business, client retention being the golden ticket ;) This year I will get my real estate license and work as an investors buying agent. I love being an introvert, less distractions and more peace of mind. But I feel the same way about 'selling' and 'small talk' lol Great vid!
    3
  42119.  @MichaelBordenaro  Thank you and likewise! I have never really come across an introvert in business before, it's really nice to know there are others doing things the same way, while staying true to their personality type. Keep up the great work!
    3
  42120.  @MichaelBordenaro  Your Welcome.......
    3
  42121. Military, we left in 2013 and just sold the house in 2022, miss it, but insurance was a mess even back then, best home home, friends and neighbors we ever had.
    3
  42122. Gas and electricity just sky rocketed. Gas from $50 jump to $300. How? Whats going on? How does anybody afford anything? Im in California
    3
  42123. Min 6;54 just to add to all the price increases, did you know truckers are getrate cuts of 25% or more for deliveries? Did you know many of my trucking owner operators are loosing / returning their big rigs due to lack of work? Did you know the port of Jacksonville Fl is super slow...... its coming
    3
  42124. I looked at houses in st aug and its not cheaper than daytona or Jacksonville
    3
  42125.  @MichaelBordenaro  oh ok thanks. Im really thinking Jacksonville cause the military base
    3
  42126.  @MichaelBordenaro  I agree with you. I was wondering if I could get some real estate advice from you. Am in Naples.
    3
  42127.  @MichaelBordenaro  exactly, that’s why a lot of “experts” are still bullish on the market. Small investors are buying 2-3 homes and are making a decent income. Prices of homes increases no problem so does the stay at the Airbnb. The only wrinkle in this whole scenario is inflation, if it continues to spiral out of control then a lot of people will not be able to afford vacations and spending the money to Airbnb. It’s going to be interesting to see how it all plays out.
    3
  42128. 6:18 before we even talk about all of the new construction that's not even listed anywhere to create "scarcity"... I bet there are a couple of hundred thousand of brand new homes nationwide that are unaccounted for...
    3
  42129. If l have to pay $100,000 and lot rent l may as well spend $290,00 in a 55 plus community like the villages.
    3
  42130. Great video, the only thing i would change is probably run the numbers first before investing too much time looking at the property itself. Great video as always!!!
    3
  42131. Great video.
    3
  42132. Your greatest asset is your earning ability.
    3
  42133. Thanks for the tip, even though it is greatly at your expense. I wonder how far inland in Florida these issues can impact vehicles? I am considering the Tampa Bay area and a neighborhood on my list is right on Old Tampa Bay in Clearwater. Many of the homes have carports as opposed to enclosed garages. I would consider Japanese vehicles. My 2007 Toyota RAV4 Limited which I bought new has survived 14 Northeast Ohio winters :) Very little rust spots on the vehicle/mostly on the wheels and the brakes hold up well. Chrysler/Jeep vehicles never score well in quality and reliability ratings.
    3
  42134. Would have been nice if the 'Warning sign' could have predicted LAST YEAR'S stock market crash....
    3
  42135. Agree, my 19 yr old daughter and I went to lunch here in Sonoma County two days ago. No booze just food and ice tea (her, I had water). it was $60.00 with tip for pasta, no appetizers, no soups/salads sides or extra's. Simply lunch.
    3
  42136. You didn’t mention the love bugs. Awful they come twice a year spring and fall I think. They eat the paint off your car.
    3
  42137.  @MichaelBordenaro  It’s definitely a price conscious city! coming from ohio i was definitely expecting a large price increase but to my surprise its very affordable in comparison. everything you could want in a modern beach town. we got bike week, Biketober, jeep week, truck week, etc & its a flight city ive met so many people going to school to become pilots. Theres a lot of free parking on beach side if your on the a1a & you know where to look. Before i came down here everyone made it seem like daytona wasnt a nice city but thats so untrue! with every city your going to have a bad block but that doesn’t cancel out the entire experience! I actually watched a lot of your videos last year before i officially made the move and they really helped with my decision so thank you! Looking to visit miami soon!!
    3
  42138. Mike im thinking of moving to Tampa Bay. Was wondering what parts of the state have the people who are not welcoming of new people? I'm from NY n just want to protect myself
    3
  42139. Nice morning, killing it with youtube! Congrats on the podcast! I would love to see another longer panarama view from your balcony, it went by so fast lol! Looked really nice. What floor are you on?
    3
  42140. South beach always that way. 32nd street to bal harbour best places to live. Islands 79ths. 74ths 77th at 85th street. Surfside. Bal harbour peaceful. Hallover beach tho. Gets problematic. Till nudest beach. Atlantic island fabulous. Missing miami.
    3
  42141. I wasn’t sure how’d I feel about the walking video 28 min commitment but you always deliver insightful perspectives in your commentary and it’s refreshing and informative. Another great video! 😊🎁
    3
  42142. Wow! Looks like a modest house.
    3
  42143. Great channel🤙🤙
    3
  42144. Everything you said in this video is true, being outdoors in the warm weather truly does lift your spirits! Another great reason why my wife and I are retiring to Florida next year . Thanks again for the videos.
    3
  42145. Min 3:48. well, again, what does that tell us?... Demand !!,,,, is still high, so thats why people still ask for ridiculous amount of money for their houses, because they can, i would do the same... The government has to do something to possibly fix this unaffordable housing problem....
    3
  42146. I'm enjoying your videos, thank you! I am strongly considering moving to FL specifically, Miami. Any neighborhoods or areas I should avoid?
    3
  42147. Do you get your food out of the oscean? If so, hos do you go about it?
    3
  42148. This is where I live
    3
  42149. Why are you always walking in the best neighborhoods?
    3
  42150. For your safety please do not do this in inclement weather, not driving anyway. Walking idk
    3
  42151. Problem of homelessness in Cali is not a lack of funding but the misuse of fund. Money is going to people that manage the homeless rather than using it to build the solution.
    3
  42152. I can't believe one of the biggest cons to living in Cali for most people is the temp of the ocean, you have got to be kidding. Wear a f-ing wetsuit! If its during the summer months wear a UV shirt and I'm perfectly fine and I'm a weather wimp. Yes the water may be clearer in FL but Cali has the waves which to me are Gods greatest creation. If you want pretty water living in Cali take a 5 hr flight to HI, because in Florida you are not close to anything but Cuba. Come on people.
    3
  42153. You did good.
    3
  42154. Thanks!
    3
  42155. I'm from Kentucky, just spent 10 years in Thailand and Cambodia though. I'm looking at florida because the weather, proximity to beaches and no income tax. I just wish there were some mountains or large hills, but oh well.
    3
  42156. What's ridiculous about the media is they gaslight the masses by saying, "The price of eggs is cheaper! Vote for Joe Biden!" Really? That's the measurement of inflation? Not rent, your mortgage, interest rates, health insurance, property insurance, energy bills, HOA fees, cars, nor appliances. What gets me, Michael, is you still rail against fast food workers making $20 an hour. It's a difficult, grueling, thankless job. They are maligned and they deserve dignity and a living wage.
    3
  42157. My wife is an insurance agent in Palm Beach and the insurance situation is underreported and I think many of the new arrivals may not understand the situation well and their future exposure to rate hikes. She has to give rate shocks to people all the time.
    3
  42158. This was great. I've looked at condos for fun but never thought of the garage flooding. Thanks
    3
  42159. So beautiful house....st.augustine tour is coming 😁
    3
  42160. I don’t know what everyone is talking about I just got a 360 month car loan….. what could go wrong.
    3
  42161. Another great video. My wife and I look forward to watching you stroll around Miami and give us the latest news on the economy. I agree that the economy is on the verge of a meltdown we haven’t seen since my grandparents weathered the Great Depression.
    3
  42162. Add kids (all ages) to the mix and animals too???? Yes, hard to get there. Happy when you finally do but sooooo tired when you finally do. Then it is go, go, go and then pack up and go home which in itself is a major battle. Happy when you get home but then you feel like you need a vacation from your vacation. One week is the most that I have been since having kids. Now that they are all moved out it is possible maybe 2 weeks, but that is tops.
    3
  42163. Let’s talk about east side of United States demand seems high still, very informative information!
    3
  42164. In what part of Miami Beach is that ?
    3
  42165. Affordability is gonna be the reason prices go down
    3
  42166. Amazing video .....Merry Christmas to you and your family
    3
  42167. That should be the new American model! I haven't had homeowners insurance in Fla since 2006, back then I was paying Citizens about $2500 yr for a tiny, 100 yr old shitshack, I said 'this is stupid!" Never paid another dime to an insurance company since. No way I'd own a home here if I had to insure it.
    3
  42168.  @MichaelBordenaro  It was in a pricey coastal area (Clearwater), when I looked at the land value vs. the structure value, I was much better off looking at the land as the secure 'investment' and gladly take the calculated risk on (losing or repairing) the structure. I have zero regrets about my decision or the $50k-$60k still in my bank and not Citizen's 20 yrs later!
    3
  42169. Thank you for your showings of different properties. Happy New Year to you and your family.🎊🎉
    3
  42170. Do you have an east coast version?
    3
  42171. I told u michael. U should have sold n moved to south beach mexico playa del Carmen... No car needed. No insurance. Roof top pool... Mexican beer..n coffee. 1k per month rent... Modern... A ton of interest in mx RE from Americans relocating to Mx
    3
  42172. I definitely agree with her!! What you did is because of who you are!! A person that cares about family!❤️❤️
    3
  42173. I wonder if Dan from San Diego lives near me, as our HOA is even lower, which is fortunate! 40 year home loans! Ugh! I can’t stomach it! Good info about not letting your insurance lapse! As always, thanks for sharing your knowledge!
    3
  42174. Off market is the only way to get a good deal. Congrats Mike, can't wait to see the condo.
    3
  42175. Really good video idea
    3
  42176. Hopefully it drops before property taxes are assessed. Some placed say a 50% increase in less than 4 years. My own home increased over 150k in 3 1/2 years...which is insane. However, what's worse are the situation for people who bought at the peak and will now watch the equity in their homes vanish and put them tens of thousands "underwater". These are the people in the most trouble because they WONT be able to refinance from the insane 7% rates(or higher)
    3
  42177. Yea the water issue may be solved by pipeline.. But why not just build or live in a place that has adequate resources. Thats what animals do in nature.. truly a sad day when the animals are more self sufficient than humans. Also we neeed to slow down population growth.. the planet isnt getting any bigger after all.
    3
  42178. The major issues i have taken care of...but I want to get rid of it?!?! It is a really cool car!!
    3
  42179.  @MichaelBordenaro  I've had mine since I was 25...I'm 46 now..I fix Everything myself...it beats me up though..
    3
  42180. Thanks!
    3
  42181. After limited.. what they gonna do?
    3
  42182. Great video Michael. Well deserved award from YouTube 🙏. You are a great resource . I always come here to find out what’s happening in real estate in Northern California .
    3
  42183. 6:27 — 🦆🦆🦆
    3
  42184. anyone that has all their retirement in risky 401k stocks is crazy. I put some into the most conservative funds and I lost $5k so went to cash. The lpl guy got me into a Lord Abbott dividend fund and I made a few payouts then I looked and I lost $1000. I stayed for another 6 months and almost got even and then I lost another $1000 so I went to cash. 3 months later it dropped 30%. You have to take risks to make money but one person I know got into crypto and lost 20% of his retirement.
    3
  42185. Is a good help
    3
  42186. Another excellent video, Thanks buddy!!!
    3
  42187. I'm seeing a lot of laid-off mortgage brokers that can't find jobs. It's unfortunate.
    3
  42188. I bet you if Miami PD/FBI had any ounce of care to understand criminals and what/how they operate, all they need to do is comb through Michael's past videos of these style flips. Buying for 4.5m, not occupying, likely purchased through an LLC, and generic company name, and 1 or 2 years later asking $9m for having done nothing but likely be late on the property taxes and having been bleach cleaned from the "activity" inside the property. The real smart guy was the one who bought it for 1.2, then sold it for 4.5 after a complete scrap and expansion, that was the real businessman. The scammer/money launderer/drug dealer/Russian mafia guy who likely purchased it, is not a real businessman. Let it sit empty forever, or better yet, actually investigate all those foreign cash buyers and put a detail car on them once you find out from TSA that they arrived via airplane at the airport and you will solve ALOT of freaking problems in our world.
    3
  42189. Thank you for sharing, and we love all the content.
    3
  42190.  @MichaelBordenaro  You're exactly right. You have to choose your item to splurge on. I think you should have just bought it instead of lease though. BTW, I drive an Aventador S but I'm very frugal in other areas.
    3
  42191.  @MichaelBordenaro  Can I get your opinion on something. I'm flying down soon to look at 1743 Michigan Ave APT 4 because I need 3 bedrooms and garage space. What do you think about that place? It's not my favorite but it's the only 3 bedroom close to SoBe that checks off all my boxes as a second home. I really wanted walking distance to Lincoln Rd. Thanks in advance.
    3
  42192. Medical insurance rise is because we have to now subsidize every illegal crossing the border. Medi-Cal for ALL!!!
    3
  42193. I Really live your content & I believe we can work collaborate together & much more. I’m a bigger youtuber & live helping smaller youtuber I subscribed & turn on my notification. Love how nicely U explain things. I believe u should be having a millions of subs.
    3
  42194. They dont care most people will pay 10%-15% more just to avoid the hassle of moving.
    3
  42195. 0 MONEY DOWN IS STILL PREDATORY LOAN IF THEY ARE TRYING TO A REPERATIONS TYPE LOAN BECAUSE OF ALL THE FRAUDE THEY DID IN THE PAST THEN A 0% INTEREST IS WHAT THE SHEEPLES NEED... OR AT LEAST 1%
    3
  42196. Great job well done Mike, Thank you.
    3
  42197. 💞😍🙏
    3
  42198. buy only if your payment the same as rent with 20% down 👍😂😂
    3
  42199. We have four small dogs and are used to just letting them outside in our yard every few hours. I keep looking at gated communities near Naples/Fort Myers, and none of them I've seen so far have fenced yards - only lanai's covered by mosquito netting panels. Do you know of any gated communities that allow fenced spaces for dogs, or would we only be able to walk them or take them to a dog park? Should I keep looking at gated communities for attached yard spaces, or try to find a good neighborhood (this is a whole 'nother question!) and fenced-in yards?
    3
  42200. I live in Naples and my advice is to quit looking at gated communities and look for houses for sale in areas you like. Every gated community here carries an HOA fee and has pet restrictions. You want your future house to have enough land for a fence, gated communities here don’t offer any real acreage since they’re only selling houses not houses with land. Rural Golden Gate Estates is an option. The houses are mandated to be on .25 acres and up. No HOA. You can even have livestock in certain areas. The closer you are to the beach, the less choices for what you’re looking for and the prices go up. There’s no real neighborhoods here as most ppl envision, it’s communities with HOA fees sadly. But there are houses with land that you can fence, just google houses for sale, enter the location you want and include ‘minus HOA’ in your search. Hope this helps.
    3
  42201. Michael I wouldn’t invest in the stock market at all um you know where the stock market stuff you know you’re gonna be very careful you’re buying yeah I don’t know I mean I’m not gonna do with the boy but I don’t know I wouldn’t invest in the stock market me myself I’m gonna invest in real estate in Florida right along with you
    3
  42202. Thank you ! I will be consulting with you
    3
  42203. This is truly a Wealth of Information.....Thank you very much, Michael !....Great Video..
    3
  42204. Michael, You and your wife , stay Safe !!...........Godspeed.........
    3
  42205. How much is your rent per month?
    3
  42206. Michael Bordenaro Wow that was fast...thanks man. I really all you’re doing!
    3
  42207. appreciate*
    3
  42208. I like Michael’s edginess. Melt the snowflakes.
    3
  42209.  @MichaelBordenaro  Yeah its crazy for such a new car.I was shocked ocean water did that much damage.
    3
  42210. 2000 per month? Just to live in condo ? Damn.... So expensive!
    3
  42211. Michael , I'm single no family no friends. I want to move to Florida. I'm looking for a studio rental. How much would rent be monthly
    3
  42212. Starting as a teller in a bank and moving up the ranks, I can assure you that id’s as well as signatures and other relevant customer info can be counterfeited.
    3
  42213. Michael your a true Midwesterner since you like Culver’s
    3
  42214. I've been lucky to be able to hold a modestly good paying job in and in demand industry working from home 90% of the time for the past 7 or 8 years.
    3
  42215. Love living here!
    3
  42216. 70th street ?
    3
  42217. First
    3
  42218. You're 100% right 👍🏻 Thanks for sharing!
    3
  42219. Appreciate your opinions & views... Keep the informative videos coming!!!
    3
  42220. I live in Jacksonville at the beaches. Have friends who live in Palm Coast. There are no sidewalks in the neighborhoods, no street lights and all the homes have a ditch in the front for water run off. Overhead utility lines. They do not put utility lines underground. It is spread out and it’s near St. Augustine and Daytona. Lots of very nice parks. So to me, it’s not great but it’s not bad.
    3
  42221. And I forgot to add this city does have shopping and restaurants. Crime rate is low. My friends are very happy in Palm Coast. Low property taxes and close to the Beach. Michael I know you did not like Flagler beach but you have to understand that it’s old Florida and lovely. That’s how the residents want it, with no mansions and high rise condos.
    3
  42222. 💯💯💯👍👍👍
    3
  42223. Speaking of your new place, don’t forget to show it to us after your done doing it all up. I just know it will look fabulous. 🍾
    3
  42224. Cool video Michael. I am a retired USPS letter carrier. Did all 30 years here in Daytona Beach.
    3
  42225. Just curious and this might sound silly but it’s coming up in my YouTube feed a lot… Are you at all concerned with the doomsday glacier? The relevance being of course buying in south florida where if the glacier falls, could be uninhabitable within 10 years. 🤷‍♂️
    3
  42226. Agree about Amex.
    3
  42227. Looks like a nice day! I have my Fl license but I haven’t gone 100% into it, though I would like to do more. But I like your approach, more laid back. Most YouTube channels and Facebook groups for new agents are full of the hustle culture and while I appreciate that, it’s not my personality. What happened to just building business normally lol. It seems everything is a race these days lol.
    3
  42228.  @MichaelBordenaro  exactly! I guess it also depends on the type of lifestyle certain agents want to present. There’s the luxury selling sunset type and then there’s your friendly local neighborhood agent and everything in between lol. Do you plan to go to Illinois for Christmas?
    3
  42229.  @MichaelBordenaro  Oh, wow, maxing out credit cards for that fake lifestyle. On Instagram, I expect it, but for agents, lol, too much! and Yea, I don't blame you! Its too much to wear a mask constantly and not healthy. Well, just have a nice miami beach Christmas! It would make a great video, celebrating Christmas in Miami! I think I have gone home every year, so even I haven't celebrated in Florida.
    3
  42230. Here in Alabama home prices are the same, some have actually gone up.🤔
    3
  42231. Lunch ladies, maintenance crew all part of the school system.
    3
  42232. These MLS details are like watching two Trains collide - makes you wanna cover your eyes and your ears up, but you know you better "Turn and run "!
    3
  42233. Empanadas...yum, yum!!!
    3
  42234.  @MichaelBordenaro  agreed although I'm beginning to think people would rather see the price go down first before the rates.
    3
  42235. Great tips. Well covered. Thank you
    3
  42236. Just like the Bible says eat drink and be merry for tomorrow we die. Although it was representing the crazy way the Romans were living.
    3
  42237. ,,😂🤣😂🤣😂🤣😅that's a good example for Real Estate student training. it shows how real estate house flipping has gotten out of hand
    3
  42238. Awesome video. I think I need a condo, though. Do you have one like that?
    3
  42239. Driving dash cam video would be nice. Actually driving over the bridges and seeing that atmosphere and water sounds awesome.
    3
  42240. 2023 will have a worldwide recession. Rates way higher than two years ago. First time home buyers mortgage applications have dropped off the cliff. Almost everyone who owns stocks knows their stock value has dropped an average of 30 % over the past 7 months. House pricing dropping down to 2019 values.
    3
  42241. 🐊🇺🇸😎
    3
  42242. Not to account for dedollarization buy purchasing US assets makes me think something crazy is coming soon with the dollar
    3
  42243. Hi Mike. What areas of Florida have good job growth? Also what areas have affordable places to live? Thanks for any help.
    3
  42244.  @MichaelBordenaro  Thank you Mike. I have relatives in Tampa Bay. I'm thinking about moving there. I want to move to any area where people are friendly. Also a good area to date. I'm divorced in my early 50s. It's tough being single and alone moving to a new area.
    3
  42245.  @MichaelBordenaro  Thank you for the good advice Mike. I intend to move there. I'm so tired of living in NY. It's a very stressful place to live.
    3
  42246.  @MichaelBordenaro  Thank you Mike.
    3
  42247. The Russians love Sunny Isles!
    3
  42248. There is a reflection of a what appears to be a mannequin in your left lens of glasses holding your camera.
    3
  42249.  @MichaelBordenaro  Holy moly! She is very behind the scenes!
    3
  42250. Why wasn’t Ft Lauderdale on your list?
    3
  42251. I tell all my friends to low ball......walk away if you have to, they may call back lol
    3
  42252. We have been here in South Florida for 16 years hot crowded and expensive we are heading to Tennessee.
    3
  42253. Are those all long term rentals or could be rented for let’s day a month or two?
    3
  42254. Nice vid bro very nice info well said!
    3
  42255. you are visiting all of my areas. beautiful views where you are .
    3
  42256. Unfortunately CEO’s rarely lose money. I am being patient and will be ready when the pricing comes back down to earth for beachfront condos in SE Florida. Thanks for your videos!!
    3
  42257. Good video sir question why is it difficult to meet people?
    3
  42258. One more thing, the reason for the 3 month lag in Case/Shiller (currently reflecting November) is because the houses have to close before they can be counted. A house could easily fall through after it is sold and yet that number will be counted in the median. I like Redfin's data, but only for things like months of supply or price drops, not for median sold prices. If you follow median sold prices, you will be misguided and dumbfounded, just like you would have after the last housing crash.
    3
  42259. You know bitcoin is performing when a person bought @ over 20 k and it already 2x in short time period. The path is set that tesla purchase was the catalyst. Every few weeks a major corporation is gonna purchase bitcoin . The price some of these analyst are predicting is just crazy 100 to as high as 350k THIS YEAR and it's very possible once the institutions all start buying. I read bullish news on bitcoin everyday.
    3
  42260. I'm looking in and around the Tampa area, love Hyde Park but how do you deal with the flooded streets? Do you just wait until they subside? Where do you park your car during storms. So many questions from California. Haha
    3
  42261. Wow!
    3
  42262. I dont understand. The neighbor you walked through, looks like a low income neighborhood . The lawns are trash. And the homes are AWFUL. raggedy and old. You said the home for rent was asking 12,000 a month. Never. It looks like it's worth maybe $600 a month.
    3
  42263. We need Michael Bordenaro vlogs. Like him going bowling or something lol
    3
  42264. If you are going near SF anyway, why are you passing up the opportunity to shoplift without consequences?
    3
  42265.  @MichaelBordenaro  That’s very interesting, didn’t know this. Thanks!
    3
  42266. Sounds like 2006, 2007, when people bought real estate thinking prices would always go up 😢😮. Not so.
    3
  42267. I have a second home in St. Augustine and absolutely love it. The neighborhood where you're staying is Davis Shores. It is a great neighborhood, but it floods a lot, and not just during tropical systems but also during heavy rains, king tides, and nor'easters.
    3
  42268. Good apartment Michael. How far north is This apartment. Good view but floors have to be changed. Can't do kitchen remodel without new floors first. Price is right. Been busy packing for my move to Tampa so have to catch up with your videos. One more week and I'm finally there. Got delayed with the snow.
    3
  42269. Thanks Michael 👍
    3
  42270. You rock
    3
  42271. Since I work 100% Remotely and thrive in the Tech field; we can live anywhere.
    3
  42272.  @MichaelBordenaro  since I got the thought of moving to Florida in my head I can't stop thinking about it too😂
    3
  42273. Hi Michael, thank you for the great info! 😃
    3
  42274. I appreciate this thanks!
    3
  42275. Good advice. This could apply to any place one may be considering to move.
    3
  42276. It is not hot in Florida after the sunset. It feels very nice outside. However, inside it is humid, so run ac all the time.
    3
  42277. Thank you for sharing.
    3
  42278. Just wondering on some info about Real Estate Photography, Is it in demand as it is here in Chicago? I have been a RE Photographer for 8 years here in Chicago www.johnnyburbano.com and my dream is to live in Miami. Can a guy have a chance getting Agents to shoot for? I shoot for over 66 agents here in Chicago and the worst months are by far December and January, is it the same in Miami? Can you please check out my work and tell me what you think? Im in Lincoln Park Chicago. Thanks for all thee hard work and info with your channel.
    3
  42279. About time to end up all this greed from fed and banks.
    3
  42280. Downtown parks have been closed down now due to homeless situation. It’s out of control. Denver is gross. Half hour away in any other direction is nice. If you’re heading to CA be prepared, the homeless situation is 100x worse. Venice beach. Santa Monica. Stink of urine and weed.
    3
  42281. Michael, thank you for your posts, very helpful. I didn’t know that real estate agents charge sales tax on top of the monthly rent for commercial spaces (clothing stores)?
    3
  42282. Narcissists use their money to exaggerate how others perceive them. Money becomes a tool, a way to build a perception out of thin air.
    3
  42283. I did not see a single bulldozer! Those were excavators!!
    3
  42284. This was such a great video, thank you!!
    3
  42285.  @MichaelBordenaro  I enjoy all your videos, especially the walking ones. I'm in Michigan so during the winter months they help get me through and inspire me!💛
    3
  42286. Hello Michael, I really do enjoy the walk n talk. I wouldn't stop watching if you popped a video up in your office. However, you are right. The video might not be as soothing. I want to say this, plan for a hundred year future but if there is something you have been wanting go get it soon. I'm only saving for bills and spending what's left on the family and life stuff. I have been doing that since February because something tells me we're running out of time. Our money/gold has been touched by our greatest grandparents who ran out of time but that money is forever carrying the debt we were born with 😒
    3
  42287. Bradley Cooper has a YouTube channel about moving to Florida?
    3
  42288.  @MichaelBordenaro  Do you have the pill from Limitless?
    3
  42289. Golf cart roads do connect all the way through and pretty much everywhere else. You can also gain access to any neighborhood without a pass. Just pull up to the gate and hit the red button. Feel free to explore anywhere you want.
    3
  42290. Thank you for the video 👍🏿🙏🏿😮
    3
  42291. Go back to the first rate hike, why didn't they pull the bandaid off. The first increase should have been 2 full points. Then up fro there...
    3
  42292. I am in love with Juno Beach! Thank you for the great video!
    3
  42293. Continued safe travels to you both! 💜💜💜
    3
  42294. It’s the usual denial attitude by dreamland vendors. Realtors know the listings will be increasing dramatically with interest rates skyrocketing for months to come. Of course, for realtors to survive they will walk away from sellers hoping for last years prices.
    3
  42295. Great video Mike. What a great neighborhood with well kept homes. Where in Cali is this?
    3
  42296. You didn't mention the price and I couldn't find it on Zillow.
    3
  42297. Peter Schiff said along time ago the stock market, gold, assests increased in price because the dollar lost value. Money printing.
    3
  42298. Government screws up everything thy touch…including the housing market. Education, health care, housing…you name it. Thy just can’t trust free market forces that actually work, when they’re trying to buy vote with other people’s money.
    3
  42299. The housing market needs to lose its value. let's get back to sanity.
    3
  42300. Daytona? Ormond Beach?
    3
  42301. I was at a networking event yesterday morning and talked with a long-time realtor who has been job-hunting because of the state of real estate right now.
    3
  42302. I like it better when you talk and make comments about the video.
    3
  42303. I am making a mental list of what would go on a list of slow-death items. It is already happening.
    3
  42304. Social Security will be there as our economy transitions to late stage capitalism. The Government will install UBI or face revolt. The future of the job market will not provide people enough income to sustain basic needs. We make nothing in the US anymore. Lights out.
    3
  42305. Have you tried shop at Winco foods yet . Suppose be cheaper
    3
  42306. Spiffy Michael 😅 I want to be one of those exiting FL. Maybe I'll see you if and when we can both move to Flagler county.
    3
  42307.  @MichaelBordenaro  Hey Michael....love your channel and videos! just starting posting comments from this video....I will probably stop soon though. I noticed there is a LOT of political commentary on here, and just like in real life; politics, religion and money are very touchy subjects, and people have vastly different opinions on these subjects. Its your channel, but I know I probably won't be posting to much anymore, because I don't want to open a post and read people's opinions on there political stance.
    3
  42308. I like the condo prices, but I remember your previous video where you mentioned HOA dues may double or triple by 2025, so $800---$1,600 monthly. Also, if the condo you are buying is behind on their HOA, the Buyer has to pay that.
    3
  42309. It was on the news that due to the housing (un)affordability crisis our shool system in Hillsborough county (FL) has had to help families find housing as they identified more than 4,000 homeless students, more than 300 families just in my area are living in their cars..and yet people are are throwing away money paying double for houses and greedy investors are rubbing their hands together jacking up rents...something has to give!
    3
  42310. Are you related to Andrew LaCivita? He's a Youtuber that provides advice on interviewing for jobs.
    3
  42311. I watch your videos partly because of your beautiful scenery and how So FL neighborhoods look like
    3
  42312. 💯💯💯👍👍👍
    3
  42313. The People who currently own this world don't care which one of their puppets you choose. They only care that you keep playing along. CBDC is coming sooner than most folks realize. Banks are collapsing all by design
    3
  42314.  @MichaelBordenaro  well that is what my husband wants to do. But coming from Ny I donr know any good city to go to . Did hear of meadow Crest in crystal river? Someone told me ot was real nice n near my daughter she lives in Dunnellon. Thanks for getting back to me stay safe
    3
  42315. What a place to end the video, who would have thought what happened there a few months later, such a solid looking building. Nice resolution for a dashcam! A beautiful ride
    3
  42316. Offering cash to not use it?? Just BAN AirBnB!
    3
  42317. Guitar magic, looks like fun!
    3
  42318. Newport beach and Laguna beach are the best
    3
  42319. Sold my home in October 2021 in hopes of selling high buying low with the expectation that the Fed would raise interest rates back in 2021. Obviously the Fed dragged their feet and it's taking much longer for the market to correct while I pay rent to live with different family members. I'm in a much smaller bracket. I'm looking to buy $150,000 home in Port St Lucie Florida and pay cash from the home I sold in October. If I can hold on to that cash while paying all this extra money and rent. Gambling on this was huge risk for me and I'm terrified it's not going to pay off. By the way I'm a retired senior citizen living on a fixed income.
    3
  42320. what About a house in a gated community?
    3
  42321. Keep things simple if you can not save for a down-payment your probably not going to be able to make your mortgage payment at some point
    3
  42322. Great video. Thanks
    3
  42323. Michael u have to realize too many left california and I know a few who came back so that's just the ones I know. I'm building a condo 2 bedroom and den sold for 1.75 on Sam vicente amd 4th. Its worth maybe only 1.3 1.4 best. And not many selling so people are buying. So tempting for me to sell bit I bought cheap in 2012 at bottom amd I love my front unit hard to find..but 1.7 for 2 bedroom is crazy..
    3
  42324. stock market and car market were supposed to crash over a year ago... what the heck is happening
    3
  42325. Walked into two new construction models today, both builders gave us their full attention despite us telling them we were "just looking" even in years past when I was seriously looking to buy I had to ask for more details..this time we had drinks given to us and the whole house configured with our options and price with incentives, they claimed there was no slow down yet but just 3 months ago they were working off a bid process.
    3
  42326. Keep the crazy houses. I enjoy the comedy.
    3
  42327. One big rigged game!
    3
  42328.  @MichaelBordenaro  we have it all in South Florida 😂
    3
  42329. Bold prediction -20%, but I think the 'investor dynamics' will prevent this. Meaning at some lower value, investors (cash or best credit ones) swoop in and buy these properties for rental purposes...just where the bottom is, no one knows...let the market do it's work, and we will see next year. Real estate remains a long run investment, just like stocks...you have up years and down years, as long as it is mostly up over time. Great example Michael of 'who got the deal' analysis of that early buyer.
    3
  42330. Another scary thing is all the public pensions suffering too. What do you think they will do when they don't have the money to pay the pensions -- yep they will try to raise your taxes to pay for the shortfall. Welcome to the double whammy!
    3
  42331. WOW....These videos are GREAT !....! I learned more in 1 hour with your walk-around video, than on my own, in a week !!.......Michael, THANK YOU !......Please make more of these videos; maybe 55 and older community next time.........
    3
  42332. GREETINGS MICHAEL 😃👍🌴
    3
  42333. I hate you Michael. It is -3 here in WA.
    3
  42334. Of course, the question is...who is "they"? I'm with you. There has to be a correction as the majority of Americans, me included, can not afford this market.
    3
  42335. People will move back once they live through the heat and hurricanes. Florida usually has more people moving out than in. The south isn’t for everybody.
    3
  42336. I live in Jacksonville Florida. I rode through a new subdivision yesterday. 75 percent of the people just moved here from California. Maybe 5 percent had Florida tags. The rest was from blue states.
    3
  42337. Yet again - Brilliant video! And you are very right, I looked at these statistics hundreds of time and it is just very dry overview. TBH - I wanted to ask you for this kind of video but thought it might be too much to ask and hear you go - you did one. We looked more around Boca Raton area, I just wondering what do you think about this area for young family... (but I have never been there myself... )
    3
  42338. I see that you're drinking Jai Alai. Excellent!
    3
  42339. Yes everything is rather lopsided on the down side... That has not stopped me from loading up energy and minerals. Three years ago I started with a copper royalty, next was a Gold fund at Schiff funds then an emerging markets fund. Looking to invest in a five star fund EPDPX international dividends. I sold off all my equipment and reinvested in gold and silver as my base. I had to ask myself when was enough Enough. My latest buy is (GROY) a gold royalties stock. Doing my research on a gold and silver miner in Nevada. Under valued and ripe for higher returns. Also holding UEC and LPG looking at UUUU. I did it my way. But, don't do as I do. Just do something. Do what you like, buy what you like. At 67, I'm living like I still have thirty years left. I have nothing to lose at this point. Its not over till the woke fat lady sings...
    3
  42340. Beautiful home!
    3
  42341. You have to make a (few) videos in the Keys, man. Also, neighbourhoods in Miami (Brickell, Downtown, Little Havana, Miami Beach...). I went on holidays there last year from Spain and throught it was cool.
    3
  42342. Remember on MTV the reality show REAL WORLD, it’s coming to life in this reality lol. It’s gonna get crazy , New York and Chicago are gonna riot with the migrants and it’s gonna burn , everything about life is a catastrophe and it’s gonna hit like dominoes, it’s gonna get ugly
    3
  42343. I lived in Palm Beach county and Broward county for 8 years and I have never seen any kind of Gator or big snake and I want to know is the wildlife a problem in other parts of Florida. I'm really not a fan of big reptiles outside of a zoo
    3
  42344. Miami needs more repellent ground covers not lawns though. It is no mow May, too. ;)
    3
  42345. U.S. House approves $96 Billion in foreign aid and approves so called TikTok ban. Thanks Pelosi Johnson. 1 Party Gov.
    3
  42346. Is it just me, miami still looks beautiful even with the hurricane haha
    3
  42347. I would love it if you do a video showing us that you have bought a wonderful place for you guys sometime. I love it that you always take us on your adventures! Nice area!
    3
  42348. my most favorite part of the entire video: 5:36. I can watch that over and over again.
    3
  42349. Noooo reverse mortgages 😮 Turn down to be a nightmare on my girlfriend's ex husband did that, and now of all times he died, they owe over 500 000 on the house plus housed needs work they can't get it sold, they might lose it or tak out a hard money loan I don't need to tell you the market is scary now
    3
  42350. Thanks for thinking of us Mandy. I am so grateful for all of my caring viewers that have expressed their concerns. Thank you for that, and glad to hear you are still looking forward to moving here 😊
    3
  42351. Hello Michael and Lizzy !!!! Have a great day !!!
    3
  42352. It’s also not a coincidence that insurance companies have been pulling out of Florida. This is very likely to be the result of the their industry adopting more AI algorithms to make risk assessments.
    3
  42353. My gut feeling is that things will get horribly worse in the near term. Globally, a lot of wild stuff is going on. Russia, China, Klaus Schwab, and Joe Biden scare the hell out me.
    3
  42354. Welcome to Tally
    3
  42355. Thanks for the great review of the area. We bought an oceanfront condo in the streets area (dog friendly part) and love it! We can watch rocket launches from our couch! Love the area because you can still buy oceanfront at a reasonable price. A real bonus is that you can be in Orlando in just under an hour.
    3
  42356. "Buy the house and date the rate"? What you should hear is "Buy the house and date a BK"! 😅😅😅
    3
  42357. any comment about snakes ?
    3
  42358. Michael....It is time for you to find a low or no HOA house. Your maintenance fee is insane.
    3
  42359.  @MichaelBordenaro  EXACTLY! When I am on the beach, I don't want to hear radios, loud conversations, kids crying, parents yelling or not watching their kids, getting hit with a frisbee, volleyball or football, football, etc...Ok, I said what a lot of people are thinking!...lolol....So, as I contemplate moving to FL in the next few years, this kind of peaceful beach is high on my bucket list.
    3
  42360.  @MichaelBordenaro  That's the way to do it!!! 🏖😁🏖
    3
  42361. Gen X, here. Just retired in May 2022 (Military), done done!
    3
  42362. I'm thinking house/condos with good amenities priced between 500.000 to 1500.000 dollars where do you get most bang for your buck?
    3
  42363. nice vid (MIKEY) good info again, a travel agency need to put you in a commercial asap !!!lol shout out from Brooklyn NYC
    3
  42364. Thanks for the video. I enjoyed it.
    3
  42365. Hi, was your walking on Lincoln recently? Cause my friend made a video with no one there passing by!! Completely empty street!!
    3
  42366. Lisi The Dog Walker yes with the lack of tourists was sure that many small shops and restaurants went out of business and only the big one there Sephora, H&M, Apple etc will survive!!
    3
  42367. I disagree with ya on Panama City beach…we have been vacationing there for over 35 years & been including it in our possible move to city in FL (from GA) & anything decent or close to what we have now in GA is around $450,000 for a single family 3bd 1800sf home. I’ve not seen anything in the price range of $150,000.
    3
  42368. Palm Coast is awesome. You have Daytona Orlando Jacksonville Saint Augustine surrounding you always something to do Don’t forget the beaches. Very quiet
    3
  42369. How would rate aventura and or sunny isles for a Eastern European family?
    3
  42370. My first trip to Florida was in the summer of 1990. Decided to vacation at Venice Beach Florida because of the downtown area was great. During my stay I looked at a beach front condo that was 1000 square foot, one bedroom, 1 bath and garage parking. That condo at that time had a asking price of $40,000.00 about $8,000.00 over comparable sales in the area. I declined to purchased. My advice you should purchase that house as soon as possible.
    3
  42371.  @MichaelBordenaro  I have known some people for years thinking real estate would get cheaper unfortunately it's not happening. Mortgage rates are going to be low for a very long long time. It's just going to get more and more expensive to purchase. There's no end to this.
    3
  42372. My girlfriend of 4 years' family is up in Kissimmee and they are letting me stay with them for a few months until I can get an apartment setup. I live in Texas now and I'm 20 years old so I resonate with your move story. I just worry about finding a job and my own path and if I'll like it in central Florida rather than being on the beach. This is probably some TMI but I was just wondering if you had any advice on kind of finding my own way or path without falling into a dead end job and not being able to enjoy Florida life outside work. Thanks man, super inspiring.
    3
  42373. Time stands still and backwards in St. Augustine. I saw the time inside the car and it stayed the same and then went back a couple of hours until my family and I left.
    3
  42374. When you move to electrification, you are only outsourcing the carbon emission source. Where does the electricity come from to charge your car or heat your home? Oil, Natural Gas, or Coal. The only exception is if your home is completely off grid and uses renewable energy, which I know everybody lives in, right? 😂
    3
  42375. I'm a dinosaur aka a Boomer Pretty good at stretching a dollar and making things from scratch - though I don't keep a veggie garden or can any more, I did that for many years Regardless when I compare what I'm spending now for one person and two small dogs, it's almost as much as what I budgeted a couple years ago before my husband passed And back then I bought a lot more meat and seafood It's more important than ever to be frugal --- there's a lot of good video with tips on stretching your food budget I feel especially bad for families with children and other retired folks who maybe can't cook from scratch. Hate to be negative but I just don't see a sunny future.
    3
  42376. I just don't like the very cold weather in the winter time in Chicago any more. But in the summer time it is great in Chicago. So, that is where I am besides this current big problem that the world has now!!!!!
    3
  42377. Thanks. Continue with success in the Miami RE Market. And be safe from this virus problem.
    3
  42378. You are welcome. At least it was 90 degrees here in Chicago today but not as humid as it was over the last few days. I know the warmth in Miami is so good. We were always in North Beach on my layovers. I do miss putting my candles in my hands hanging and walking with sand between my toes. Thanks again.
    3
  42379. What's the best area in miami to live without needing a car?
    3
  42380.  @MichaelBordenaro  thanks! Maybe you should do a video on this subject that would be great! I hate driving and car ownership.
    3
  42381. Hey Michael , I watched your video of Saint Augustine just out of curiosity what are a few things that you really think would be great to live there
    3
  42382. Here is my 2cent, BTW, THANKS for shining the light on subject matters today. I faced few of these people in my career as a realtor, "impulsive/clueless buyers " who thought they knew what they were doing, buying their own house directly from builders, FSBO and the listing agents without taking on FREE Buyer Representation services from a Realtor and experienced crises in the transaction, had no clues about anything, R.E. Forms, contract, due diligence (Option Period), HOA rules/regulations, property taxes and insurance, or the true value of the property, + +(the list goes on). As you said, people (buyers) may have wealth but no intelligence in principle matters and cluelessly pull that trigger and shoot at whatever, whenever and found themselves in a hole that they dug for themselves, by themselves. Go ask God for wisdom, and here is something to chew on, would you go and extract your own tooth due to tooth infection, or would you get on the kitchen counter next to the sink and start operating on your own brain because the doctor told you have a brain tumor? Get an experienced and trusted realtor to advocate you in buying and selling property.
    3
  42383.  @MichaelBordenaro  thanks
    3
  42384. It’s funny you say they are wild animals do you know it’s funny I’ve been coming here for the last seven years and I have family members that live here but it is quiet and yes there was one time I saw something I have no idea what it was but it was strange some kind of animal crossing the street back into the grassy area it had like two legs but I think small legs in the front I don’t I’m not going crazy but someone else with me saw it too so I don’t really talk about it because I think I might be crazy when I say it
    3
  42385. From where you moved
    3
  42386. Moving to Santa Maria, CA with my best friend because I want to be near her and live in a coastal area
    3
  42387. Looks like your following has quite a number of questions on the Villages. I was impressed when I first found the Villages as well. My research has shown me you have to know what will work for you. There are so many possibilities. The great thing I have learned about Florida is, that it probably has a city for almost any taste or preference. I want to be close to a beach ant have to travel 2 hours to get there. I could stay here and Maryland have that. The south Florida vibe is best for me. For that kind of money I want to be closer to the beach. Paradise is near the beach for me.
    3
  42388. Great Video! Thank you!! 😊
    3
  42389. I wouldn't buy a Mobile Home in Florida, they get completely destroyed during a Hurricane
    3
  42390. Not for Amazon they had a great year during the shutdown
    3
  42391. Michael, can you do a video on how real estate is doing in areas that got hit badly by Hurricane Ian?
    3
  42392. 17:14 😂People are fools to give up their smaller rates for a larger interest rate!!
    3
  42393. Michael, I'm a little late..but..Congrats. on 50 K !!..Thank you for another terrific video....
    3
  42394. Short term Treasury Bills are a no-brainer vehicle to protect one’s cash at this time. Waiting for the bottom to come this year….or hope it’s this year and not next year.
    3
  42395. They build the wrong type of houses these days.. Why can't they build 3 bdrm 1200 sq ft houses for the working man? No frills just a basic house
    3
  42396. Soooo would you say a average cosmetologist (26,562 average salary) that lives by herself could possibly live in Orlando (the area doesn't have to be perfect but at least kind of decent) in a studio apartment or more? And like still be happy??
    3
  42397.  @MichaelBordenaro  yeah I've been looking and there's a few, I also found some utilities included ones as well so that could be a plus side.
    3
  42398. Hey I lov your glasses...what's the brand I try to read it but not possible ...can tell me brand and where I can buy.? Lov your walking videos
    3
  42399. He has a link for the sunglasses in the description 😎
    3
  42400. Vitamind D, Baby...Fights off the Covid Virus!!!
    3
  42401. Thanks Michael for warning folks about this housing bubble. You are a very honest realtor.
    3
  42402. The problem in Miami is that fraud is rampant. Miami is actually very expensive, even compare to LA, CA. Time to leave Florida LOLOL
    3
  42403. And between Tampa, South Florida and Orlando. What do you think is the safest city? We where thinking to move to Wellington FL In Palm Beach County, Westchase in Tampa area or Winter Park in the Orlando area. Thanks
    3
  42404. Hey, Sweet Pea, you're adorable but it has been so nice to have Lizzie along.
    3
  42405. I picture Florida around me too... walking somewhere... ext. I tried in '16... will find a way again.
    3
  42406. You showed the draining, in general for most area how long does it take for all this to drain or dry up. I would guess within a day all it absorbed or drained away?
    3
  42407. 🏦💸 not only that, but you may want to look into this scam... A bank teller told me that in Florida if you don't keep your account active which means you don't do anything with your account for over a year it goes inactive, and then the government charges you interest. Have you ever heard of such a scam?
    3
  42408. 0:53 I had an agent tell me that recently, I just laughed.
    3
  42409. I'm sure you and Lisi are feeling more aligned with your desire to move out of the high rise and into a house. Prayers that you both stay safe every day!
    3
  42410. He panics best who panics first! Watch your bank for signs of trouble.
    3
  42411. If California had Florida government most people would be in Cali. Just my opinion
    3
  42412. That’s awesome man, congrats!
    3
  42413. Great info Michael.
    3
  42414.  @MichaelBordenaro  Yes!! 😎
    3
  42415. Sounds exciting
    3
  42416. East coast better deals
    3
  42417. It costs a lot to refinance
    3
  42418. Thank you for all that you are doing Michael
    3
  42419. Big thumbs up on the new format and you're firing on all cylinders. I concur on investing in gold and silver. Also you raise a valid point on the devaluation of the dollar making holding cash a losing proposition, but the 7% annual drop would still make it worth staying on the sidelines as long as property values eventually return to sane levels. (Yet again, with demand remaining high in Fla for the foreseeable future, that may not happen). Btw, another downside to keeping cash in the bank is the risk of bank 'bail-ins', effectively confiscating your accounts, should the lender become insolvent. Not a conspiracy theory. You're starting to see such language in banking disclosure statements.
    3
  42420. I think he does a very good job! I like listening to his insights! I listen to all his videos!
    3
  42421. I can sum this up in one word. GREED!
    3
  42422. Imagine, Bordenaro live from Little Rock 😉
    3
  42423. Inflation is definitely going up in the next couple years, regardless of the market economy the government spending has not changed, and only gotten larger, every year. Inflation cant go down until l the government stops spending.
    3
  42424. Serious question: Why can't we just buy and sell houses without real estate agents? What happened to a sign on your lawn that says For Sale by Owner or more modern putting it on a website for home buy and sell? It worked that way for hundreds of years.
    3
  42425. A lot of people will be forced to live off grid and dig their own wells. Land sales are increasing
    3
  42426. The second year of our marriage we went on 0 vacations, bought no new clothes, and even recycled the young kid’s Christmas gifts. We saved, saved, saved. Hoping to get back up to 3.5 one day. Still have not bought a house. Bad things happen!
    3
  42427. Barbara has a fancy pink pantsuit. I think I’ll listen.
    3
  42428. I love your videos I hope you can help me move to Florida one day. Thank you
    3
  42429. Use debt and taxes to get rich, or use debt and taxes to get poor. You decide.
    3
  42430. Just moved here in April. You rode right by the place I'm staying! (Actually a friend's rental, and you're all around my walking and bike riding trails 😁)
    3
  42431. That water looks so beautiful. I have to say, you look great in that bathing suit. Enjoy!😊😊
    3
  42432. It looks beautiful but I wouldn’t want that many trees near my multi million dollar home in a hurricane prone area if I was in their position, guess that’s what insurance is for. Another great video nonetheless!
    3
  42433.  @MichaelBordenaro  Florida is being gentrified like California was in the 80s. Anything near the water is going to be expensive af soon
    3
  42434. Having worked on the mortgage brokerage side of it in Florida going on 20 years ago in a couple of years, I see that not much has changed. Bad loans are still being made to people who do not have the demonstrated ability to pay, and there are still far too many "Foreign National" loans, which would be illegal altogether, if it was up to me! Here's a scam that was big in the affluent areas of Northern New Jersey, like the one I came from: Koreans came over with a briefcase full of cash in the early 2000's, when it was more of a "buyer's market," and plunked down a half million, three quarters of a million, or even a million dollars in cash, for a home. Then a few years later, when the value basically "doubled," THAT is when these properties were mortgaged! So on a property now "valued" at one million dollars, the owners were able to "cash out" on the half a million dollars they originally paid for the home, put that money back into their briefcases, stop making the mortgage payments, live in the home for the six months to a year or longer sometimes, until the Foreclosure process was complete, then take their money back to Korea, and leave the bank holding the bag! There was a good year or more, when 80% of the Foreclosure Notices advertised in my local paper, were "addressed" to Korean owners of million dollar or multi-million dollar properties! Some racket!! In my opinion, all loans, not just VA loans, should be eligible for assumption, upon lender approval. There are plenty of people with the ability to continue to make payments on an existing loan, who don't have 20% down in their savings. Why would lenders want a glut of homes in their portfolios, with payment of property taxes, now their responsibility? Depending upon the number of months that payments are in arrears, if someone is able to bring a loan current and demonstrate ongoing ability to pay, lenders should be quite amenable to approving the assumption of a loan!
    3
  42435. I love your videos and walks, but I am always waiting for an alligator. My Florida friends laugh at me because I am scared of them 😅 Seriously, though, you are awesome and really help a lot!
    3
  42436. Until there is a competitor to ticket master, still will keep happening!
    3
  42437. The insurance situation is getting dicey, like everything else these days.
    3
  42438. Beach disappearing in so cal
    3
  42439. They did make a nice profit but…how about taking into consideration the 6 percent commissions they paid? Minus out $90k. Then another additional percent for other closing costs. $15K. Now minus out original price $155k. Your profit is $1240000. You can keep $500k of that with no capital gains but then pay capital gains on the remaining $724K which takes out another $144k. So you basically have 1,079,000 left over. I guess you could retire to a third world country on that but if you stay in Florida you’ll have to buy another home so you will have maybe $500k leftover. Not retirement money by any stretch but you’d be mortgage free. They probably sold to get out of the outrageous tax bill.
    3
  42440. This is the most beautiful video you’ve done! I started watching your videos because of the Florida content but have stuck around for your other content. I like your videos because you’re “real” and down to earth. Keep up the good work!
    3
  42441. Fraud??? That’s nonsense!
    3
  42442. Reason 283,826,986,518 to leave the collapsing US. It’s unrecognizable and only getting worse…
    3
  42443.  @MichaelBordenaro  Agreed. This is one of the reasons I hadn't spent a lot of time on the gulf in the past. A few of the beaches I went to were like that. Thankfully the gulf beaches on this last trip ended up being top notch 👌🏻 I still have a couple items left on the bucket list in South Florida. Possibly a short winter/spring visit. However I'd really like to explore the entire emerald coast next 👍🏻 My friend recently went to Destin and the beach looked amazing. With calm weather, he ended up getting really nice crystal clear emerald green water every day 👌🏻 Based on the pics, it appeared like it could rival any beach in FL
    3
  42444. A refreshing dose of common sense. For those of retirement age you will once again be able to explore with low financial risk. Maybe harder to establish yourself socially tho.
    3
  42445. @MichaelBordenaro  man I don't know how you deal with Maimi I was there today for work at university of Miami and it's a mad house with traffic. Always glad to be leaving heading back north or to the keys. I'm from Atlanta and Maimi is a bit much for me. We were in Tampa for 5 years. Just moved out towards St augustine over the summer. Given the summer was pretty bad that's everywhere in Florida but I definitely noticed we started getting cold snaps in October where Tampa would usually be late November. Nothing crazy but comfortable weather. As writing this it's probably 45 outside. If you're OK with not having as much to do but still have two major metros not too far away Jax & Orlando it's pretty cool. Not to mention much more affordable and free beach parking all along A1A
    3
  42446. West Virginia? Surprised that didn’t make the list. Definitely make sure you look at crime rates in certain neighborhoods (Gary Indiana especially) WI has so many charming small towns that are beautiful and safe and still in commuting distance to the large metros. If you can handle 5 months of winter it’s a hidden gem in the US. But property and income taxes are very high which can be offset by the cheaper insurance and lower property values.
    3
  42447.  @MichaelBordenaro  yeah even west and north of Chicago are some super nice and affordable towns. If you’re into winter sports but need to be near a metro, that entire around Rockford, Chi, Milwaukee, Madison, etc are great.
    3
  42448. I am new to your channel and I really appreciate what you are doing and all the information you are giving is helping me but I am just curious about something, Would it be better to pay cash out right for a property or get a mortgage? Because I know there are pros and cons for both parts. Me and my family are planning on moving to Florida this year once our property sells, So I am trying to do some research on if it would be better to pay cash or get a Mortgage.
    3
  42449. Can you do a video comparing Tampa vs Miami - differences in prices, people, weather, vibe and anything else you can include. Thx so much. Love, love love your videos. I am binge watching because we are looking to move to Florida from NY. We want a city life (high rise living with easy walking access to stores, restaurants, etc.) but also a more relaxed way of life and of course the sun and beach.
    3
  42450.  @MichaelBordenaro  That sounds great! We are not moving til there is a vaccine anyway so great for future video. Take care and keep them coming 😎
    3
  42451. Michael why they don't do anything with Deauville hotel? Is been siting vacant for so many years and that area is so good safe area in Miami Beach!!!
    3
  42452. DESERT GREETINGS MICHAEL 🏜 😎🌴
    3
  42453. Another amazing video from Mr Bordenaro!
    3
  42454. New Jersey home insurance rates going up +30% on average in the last year or so. All the insurance companies our insurance agency have either filed for big home insurance rate increases or have stopped new policies or are withdrawing from the market and non-renewing policies because the state will not approve their rate requests. Also, if you try to change home insurance companies for a lower rate, they are inspecting homes vigorously and requiring updates and fixes to keep coverage which could cost more than any savings from switching companies!
    3
  42455. if you like calm try maybe Venice area. South of Sarasota.
    3
  42456. or maybe even Bradenton. north of Sarasota
    3
  42457. They say same the same in Texas, Arizona, Idaho, Montana, and fill in the blank. Maybe not Mississippi or Kanas.
    3
  42458. I love these2 videos showing your great discoveries. I am renting in the Tampa bay are and will be looking to buy as close to the beach as I can for this same budget. Challenging for sure. Is there a particular way you go aboutsearching for these gems other than just entering a budget ceiling?
    3
  42459. Congratulations
    3
  42460. I use to live in Palm Beach ⛱️....most people live there are very rich, famous, trust fund babes with some normal people. The pay doesn't increase. Housing does but it doesn't mean we can afford it. We just have to have place to live. We sacrifice health or other things to survive.
    3
  42461. by far the best one you went to!!
    3
  42462. I have always loved going to Miami, it is so beautiful and tropical. Thanks for the tour, Michael, look forward to more like this!
    3
  42463.  @MichaelBordenaro  we've been planning it since last August, selling our horses, trailer, extra cars, etc. It was scary because we listed this April and it took 22 days to get an offer. We were worried we were missing it but closed on June 2nd. Still can't believe how close we cut it to missing out. Zillow says value of our home has gone down in the last 30 days.
    3
  42464. It should be illegal to charge taxes on primary house a person lives in or on any of the land they "own". All taxes/revenues should be collected from the money earned.
    3
  42465. Thank you for the video. I would like to speak with you about the initial research for selecting a neighborhood.
    3
  42466. Keep it safe bud!
    3
  42467. Did you get a new ring light? The lighting is definitely improved.
    3
  42468. I haven't seen one quite that bad, but I've seen my share of shoddy construction that made it passed inspectors. I seen joist hangers on a 2 story deck that had drywall screws in them the other day.
    3
  42469. Was just there....love FL
    3
  42470. Michael, food prices are not going down...if I want a little cheaper, i have to drive 25 minutes to Mexican supermarket from my house in order to find cheaper producers .but anyway food prices are still expensive in my opinion
    3
  42471. Who its hurts is the cinsumer who have to oay higher pruces and the dusable and elderly when they clos duen the stires and there nine left in there area
    3
  42472. 🥚🥚 a dozen regular Publix eggs were over $5 today. I think they were $5.25. Crazy
    3
  42473. Brother I agree with you 100% about going to college. I wished I hadn't gone to college. I have two BS engineering degrees and it's been a total disappointment. I definitely have buyers remorse with my college degrees and I have real degrees.
    3
  42474. Excellent video and great content. Thanks a lot!
    3
  42475. Great advice. I’m a little older than you but with two children and divorced for a few years. I have been procrastinating because my main concern is looking for a new job, and a great school, for my younger child, (my oldest is going off to college), as well as looking for a new place to call home and start over. But my options have been narrowed down tremendously and your videos have helped me with my decision. Thank you and wishing all the best for you and your wife on your final decision.
    3
  42476. Beautiful trees 👍 Happy 4th of July 💥💥💥
    3
  42477. Sellers and realtors are not aware of the crash 😄😄😄
    3
  42478. Excellent video, Michael! I like Graham, but he is wrong on gold. Gold is not an investment, its a store of value. Gold is always in demand, its easily convertible, which makes it the ultimate safe-haven asset.
    3
  42479.  @MichaelBordenaro  Oh really? I haven't seen that one. Warren Buffet likes gold now too.
    3
  42480. lots of hedges, walls and plane traffic.
    3
  42481. Hey yea I been to Denver! I did notice a feel like up in the mountains. And also cars seemed to drive different, had a different feel how it drove.
    3
  42482. Looking forward to staying in The Villages in May. Hope you and Lisi have a great Thanksgiving.
    3
  42483. Awesome video 👍, I already see myself in Florida. Can't wait for this new life that is waiting for me and my family
    3
  42484. I agree. Moving is the worst. I moved twice in a year before we bought our condo.
    3
  42485. 5 years and we're still here, congrats Mime urdebes👍
    3
  42486. This video is the reason I went to st augustine! I agree! Very nice place!
    3
  42487. Michael Bordenaro thank you so much for your advise..
    3
  42488. I think a 40% increase is a conservative estimate, I think the entire country will see increased premiums as a result of this due to new estimating for the increase in labor and materials to rebuild from any kind of loss , Bonita Beach here my house is gone, I now own a sand covered lot , no regrets here , the only thing I would change is all the broken hearts
    3
  42489. 32 yrs old here, already preparing for my retirement
    3
  42490. "Financing will get more expensive."💯
    3
  42491. Thanks Michael. It is a little sad nobody knows their neighbor. Also think it is a big mistake. I think people might just walk away later.
    3
  42492. Always good to hear your thoughts about whats happening out there Michael. Its always refreshing to hear the truth and facts about what is going on with the economy. You nail it each time well done👍
    3
  42493. Not trying to but in but....health insurance or......homeowners insurance it's a gamble both ways to do without but its here, just can't afford all of this stuff anymore 😔 we choose health insurance don't know what else to do it burns or I get sued I'm done anyway, SUCKS car insurance in Michigan 3600$ yr with excellent record NO COVERAGE PLPD 2 old cars
    3
  42494. Great video. Thank you. As I just found out that these are the type of homes in my process range. Which of these would you say is the safest?
    3
  42495.  @MichaelBordenaro  have you made a video with homes 200k and lower?
    3
  42496.  @MichaelBordenaro  cool that is for the update. I'll check it out
    3
  42497. We have homeless people living here in Westwood Lakes. They were camped out next to the Turnpike by Snapper Creek. We have them sleeping on bus benches and behind shopping centers.
    3
  42498. Great video. As usual. Keep up the good work!
    3
  42499.  @MichaelBordenaro  Absolutely agree with that.
    3
  42500. Nice to see you again and your information 👏👏
    3
  42501. I have a friend who bought 10 houses in 2006 and 2007. He paid around 200k per house. In 2009 he Panicked and gave them back to the mortgage company. He didn't have to they were all rented. But he said he lost 100k on each house. I keep mine as there rentals and have a positive cash flow. Today those same house are worth close to 500k each. Mine are now paid for. No one knows the top or the bottom of the market. The sky is not falling. These guys have been saying the market is going to fall for years.
    3
  42502. Thank you for interesting and informative video. I never regretted buying winter place in Daytona
    3
  42503. 1. The youtuber will be lucky if he gets his $600k. I wouldn't pay that much for this dump located to even biger dump indeed. 2. The ridiculous decission by a local communist in the robe will be appealed and won. EveEveddy case goes to apeal when nig money is involved. For 20mln, this case will going all the way to Scotus IMHO.
    3
  42504. 0:00 - 0:01 More like ‘should you buy a 13 pro max” or should you wait until the 14 comes out! Love that part, I actually got a 13 pro max after Christmas in 2021,and i have to safely admit that i love this phone! It’s fast, seamless and reliable enough for me! Never had an issue with this whatsoever
    3
  42505. Crystal clear video
    3
  42506. The US is not a capitalist country In a capitalist country there is no QE and no bailouts The US is socialism for the rich
    3
  42507.  @MichaelBordenaro  I like your videos and just subscribed to your channel
    3
  42508. I have been intermittent fasting for a week, its really not too hard, I drink coffee in the morning and then lime juice water or apple cider vinegar water until I break my fast. the acidic water curbs my appetite. I would love more of these videos.
    3
  42509. Going to get my California passport!
    3
  42510. Nice views. Is there any aligators there?
    3
  42511.  @MichaelBordenaro  I recently moved from Santa Rosa Beach which is that 25 mile stretch of paradise beaches between Destin and Panama City Beach. My family and everyone who visited us made some of the best memories ever in those five amazing years BUT…. Normal living in Sarasota has been equally rejuvenating. Living in Seagrove or Seaside Beach for a year or two should be on a bucket list ha ha. I WILL return for vacation only.❤️
    3
  42512. I JUST WANT A GETTAWAY HOME TO COME TO FLORIDA, I WORK IN New York CITY,IS THERE A PROBLEM STAYING 2 OR 3 WEEEKS? WITH A New York PLATE?
    3
  42513. Many people in L.A. don't speak English. You just didn't meet them. I live in Santa Monica, a few blocks from the beach, and I hate it. It's so dirty, lots of homeless people and it's becoming unsafe as they are now attacking people. Restaurants, shops are closing. The beach is dirty, the water is cold and dirty. I'm thinking about moving to FL. I never thought I would hate L.A. so much. Thanks for the video.
    3
  42514.  @MichaelBordenaro  Yes Hermosa and Manhattan Beach are much better and lots of people who live in Santa Monica are moving there. But Manhattan Beach is very very expensive.
    3
  42515. All your videos are great!! Keep up the good work 👏🏻
    3
  42516. Lmao congress robs your bank account and throws you a few hundred bucks😂😂😂😂😂😂
    3
  42517. Not buying a condo but still liked the video. Renting vs buying a condo? Video idea? I don't really know if there are a whole lot of differences besides financial.
    3
  42518. it just like when i'm sitting here in wisconsin and they say "cold spell in florida" and its 60.....
    3
  42519. Damn nice blue water behind.... You dont even need to go on holidays basically. Go to everglades to show some nature and crocs etc.
    3
  42520. I'm an RN in Michigan and love kayak fishing. Love Florida and the Boyton Beach area. Any recommendations on hospitals in the area? Just started watching your videos!
    3
  42521. I currently live in Panama city i love it its great compared from where I came from.....Baltimore city MD😆
    3
  42522.  @MichaelBordenaro  yes indeed sir. Im actually moving to Riverview outside of Tampa in a few Days I can't wait.
    3
  42523. Prices still way too high. 50% lower down to prices just 3 years ago. Cost of money has doubled inflation at 40 year highs incomes have dropped by 3.8%. People buying today at high prices will be upside down in 12 months.
    3
  42524. While we all appreciate your insight and so many of us have questions, I think you should go slower at your own pace and just enjoy the journey. You can cover the West coast or what not another time. Stay a few days or such in an area and get to know it. Then when you come home you can really analyze places vs just skimming the top. Driving is too tiring now that I'm older. Thanks for this video, will def check out this town someday!
    3
  42525.  @MichaelBordenaro  what brand?
    3
  42526. Have you ever considered getting rid of the scam comments? Or are the scam bot comments helpful for you?
    3
  42527.  @MichaelBordenaro  I can only imagine how annoying that is. They are Jerks!
    3
  42528. I also grew up in Belvidere and now live in New York City, so I appreciate your video and understand your reasons for moving to Miami, as noted elsewhere in your replies. I wouldn't change my moving and still love it here in NYC, but I do enjoy going back home to get away and see friends there. I recognized probably 90% of the areas you visited in your video, and especially enjoyed the segment on Washington School, where I paused several times, checking out my old classrooms and remembering, like you, certain playground moments. Thank you for this video. It was a very nice break from the world right now.
    3
  42529. re: Crypto and buying real estate/escrow etc. Yes, you are right that simple transfer of crypto currency like BTC or ETH in exchange for a house doesn't lend itself to the traditional mechanisms like a title company with escrow. However, a smart contract created for this purpose would be perfect. The title company could create a smart contract in which the buyer and seller are parties, and the crypto currency is held in escrow after deposit into the contract until such time that the title company initates some action which then releases it to the seller. If the contract is cancelled, the crypto would go back to the buyer. It wouldn't be that hard..the biggest hurdle is just getting title companies to embrace that methodology (which might be constrained by regulation as well depending on the jurisdication).
    3
  42530. Great video Michael -- your Mom seems just as level headed as your Dad! I grew up in a family of entrepreneurs, politicians and drama ---lol ---- steady and less stress looks better!
    3
  42531. Cambridge was already overpriced.
    3
  42532. He's from Miami headed to California. This is just a part of his journey.
    3
  42533. You want pricey, go to Healdsburg next. If you want cheap, go to Vallejo/Vacaville or Richmond next.
    3
  42534. Hello! I think if now you make a video about which professions are open in Florida for foreigners like Russians, for new comers to the USA who never lived and worked there, many Russian people will watch you. 😁 Greetings from the Russian person! 😁
    3
  42535. You can probably buy a crack house in the worst part of town for $750,000,there is hope.Good video as always,thanks.Most people I know are asleep at the wheel when it comes to this crisis,it's sad,beyond sad.
    3
  42536. We borrowed 10k, finished our basement, paid it off. We will do again if the need arises. It’s all about paying off the loan as quick as possible. The bank wanted us to borrow more and even pressured us, then kept calling us after the loan after the loan was paid off.
    3
  42537. Thank you this was very helpful.
    3
  42538. Beautiful scenery thanks Michael
    3
  42539. mike, the research ive seen all shows the stock market bottoms out about a year after fed starts its pivot during a recession/depression. so yeah i think you would be wise to do a lot more waiting to put money in the market. i pulled everything back in May to much ridicule from my financial advisor and now its all crickets on her end.
    3
  42540. That park doesn't have everything if it doesn't have a skateboard park!
    3
  42541. You marry the price and date the interest rate.
    3
  42542. Similar situation in Australia. I own 2 houses outright, I have 2 cars, fully paid, no debit at all. Most young people here cannot afford to purchase their first house.
    3
  42543. What I was thinking about was what happens to the banks, the lenders for all the homes which were destroyed and non habitable? I would assume if you had a loan on your house you would stop make payments on it. So I see the banks are going to take a big hit from this. But if you stop making payments is it a default and the lender gets to foreclose and collect all the insurance payout when it finally gets processed?
    3
  42544. If it all goes down then gold will be the only answer.
    3
  42545.  @MichaelBordenaro  True, Daytona is only 90 miles from Jax. I still think North Florida gets a significant temperature drop at night during summer.
    3
  42546. I'm happy you mentioned about the vacant land I totally agree with this such a bs they are feeding us Thanks for the infoMichael people needs to hear that 👍
    3
  42547. Where is it in Florida the last moisture Thank you
    3
  42548. Bummer about rentals
    3
  42549. Absolutely I agree John. Integrity is not as easy to come by nowadays and greed is more prevalent
    3
  42550. Thanks Michael 👍
    3
  42551. Learn that when i was like 20 what happen to everyone else ?
    3
  42552. I wonder why multimillion dollars homes In coastal area like Newport beach, Laguna beach, etc... Not affected by interest rate nor other economic downturn ?
    3
  42553.  @MichaelBordenaro  thank you
    3
  42554. Florida is not a desert, but in my opinion the closest thing California has to Florida is the Palm Springs/ Palm Desert/ Coachella Valley area - in climate, lifestyle, and in closer latitude. California is said to have "many worlds within a state" - it does have 11 different climate zones. I live on the central California coast, and your analysis is right on.👍 🏔️❄️🌲🏌️🌴😎
    3
  42555. Recession are needed. When it comes investors will dump properties because people won’t be able to rent them. This needs to happen if it doesn’t we’re all screwed.
    3
  42556. If people earning six figures are living paycheck to paycheck then what do think it is like for people earning way way less than that amount? Friend of mine has a great deal on an apartment and complains that she will soon have to give it up and look for a room in a house due to a lack of income, but maybe two to three years from retirement. Then there are the business people with those crazy floating rate business loans and with the rate increases they are looking at going under if things don't improve for them, and that's not even taking into account those killer child support payments for some unfortunate people.
    3
  42557.  @lextacy2008  I’ll be returning to Florida next year after six years living in The Philippines. I’ve looked all around the state in the Realtor and Zillow apps, but I’m thinking it’s going to take a driving tour of the entire state to determine where I’ll buy a place. Probably not South Florida as I’d lived there for seven years and have seen the pros and cons there.
    3
  42558. I used to love the idea of REITs but now I think they should be prohibited. It's just too expensive for individual buyers anymore and we know for a fact that REITs are at least partially to blame.
    3
  42559. Corcoran keeps touting how when rates go down, prices are going up 10-15%. She is quite the sales lady.
    3
  42560. Thank you very much because your information is true I see it happening in the small town that I live in Northern California. They moved in and rents that were $500 went up to $750
    3
  42561. Yes it all boils down to what you are more suited to tolerating I suppose. Everyone will be different on that, and to me, thats ok and part of what makes this country great
    3
  42562. When Florida housing was cheap, it was worth it. Now it is no longer the case.
    3
  42563. I’m trying not to laugh 😂.
    3
  42564. I am just so annoyed that the Fed jacked housing prices and fuel greed and speculation. So, no. I am not buying until something fundamental changes. But I am in a unique position in terms of housing.
    3
  42565. Nice Collaboration!😊
    3
  42566. It's crazy with these deficits the governments continues to send ad grow. They don't seem to have any sense of fiscal responsibility. To bad it's going to crash hard someday.
    3
  42567. Beautiful Sky...do you have a Sarasota video? Thanks Michael⚘🤦‍♀️🦋
    3
  42568. Thank you so much!!
    3
  42569. Great video!!
    3
  42570. What's the cost of rent? Very expensive....!!!
    3
  42571.  @MichaelBordenaro  So.....only the rich need apply making living in Florida astronomical to the average person. And our nation caters to the wealthy, leaving the rest out in the streets. Mexico does the exact opposite as the majority of Latinos don't have incomes that can be 'gouged', making it more than affordable to average Americans. Only in America is 'gouging' the rich a national past time, but oh how the rest suffer. It should not be this way..it is wrong and ever increases those who are bound in poverty. But..where Mar-a--Lago exists, so goes the State..right?
    3
  42572. Very informative video! Keep up the great content Michael!
    3
  42573. Michael I think your brilliant and your walkalongs are so informing and gives us all a snapshot in time where we are economically and socially. Highlight of my day and thanks for all the research and time you put into your channel. You should have your own show on prime time tv imo
    3
  42574. If they allow students not to pay their loans, then why should anyone pay their mortgage? Why should anyone pay their car loan? Why pay back any loan? Then why pay for anything ?! Just take it. See what I mean? Biden should concentrate on job creation so people can get jobs and pay off their loans.
    3
  42575.  @MichaelBordenaro  🙌🏻 Im so glad to hear that! Sorry if I sound obsessive about you checking out those towns. 😂 I just didn’t want you to judge the Panhandle based on Panama City Beach and/or Destin. Although, I will say when I was in Destin I thought the ocean was a beautiful color there and Panama City Beach seemed to have a lot of fun things to do and several nice restaurants right on the beach. I look forward to seeing your video and hearing your thoughts on the Panhandle and the towns along 30A.😁
    3
  42576.  @MichaelBordenaro  that’s funny 😄.
    3
  42577. Thanks!
    3
  42578. Love this content
    3
  42579. Keep up the good work!!!!!
    3
  42580.  @MichaelBordenaro  Thanks Michael, much appreciated
    3
  42581.  @MichaelBordenaro  hey..thanks..thats my biggest fear. My wife and I was planning on coming down there for a week in March to venture around and see if we can see our self there. Thanks for the insight on the prices and locations to check. Ill check out more of you videos. :)
    3
  42582. Great minds think alike! You asked the same questions I had neighbor! Will be down for a few days in March for getting a feel for different places, and then a bigger trip in June to make some more concrete plans. Au revoir Chicago! 👋
    3
  42583. Once you are in the workforce as an adult, you need to start thinking about retirement. I work with GenZs and I am so proud hearing them talk about buying stocks and dividends! Any extra decade you get started, the better for you (hopefully)!
    3
  42584. Hey... I’m single with no kids and can work any job. I am thinking about moving to FL with 3500. Rent a room and buy cheap car.
    3
  42585. Thank You Michael for being a truther! You absolutely doing the right thing with this information. So many people don’t know what’s coming! God Bless you! You are building up trust with your subscribers! You will be one of the truthers to lead us cross the finish line !
    3
  42586. This might be my favorite video of yours.. I showed it to my friend and he liked it. Everything that you said as simple as it is it's so true. Living up north the winters take a toll mentally. Simple video with huge meaning!! Thanks
    3
  42587. My brother just sold he’s condo in celebration! Doubled in value in 5 yrs but ! His maintenance fee up to 900 a month and being assessed 15 k and all insurances going thru the took he’s now renting hoping prices drop
    3
  42588. Excellent analysis Mike! Keep it coming!
    3
  42589. Moving to Jacksonville and I have quit because the company I work for declined to bring my job to Jacksonville. Good bye to California...
    3
  42590. 1st
    3
  42591. Or London 🤗
    3
  42592. a quick browse of new home construction sites and sale in my area of west riverside county shows new homes med size 4bd 2bath on 4-5000 sq lots listed for 450,000 to 500,000 average. Lots of new new construction homes out here either just completed or in process. Google map wont show those new sites so can't get an est count of new homes in construction but i see lots of these new tracts in my area. Express Homes has several large tracts out here. They are a DR Horton unit. Places like Beaumont/banning and palm springs outer desert areas seeing lots of activity. Beaumont has new homes in 400K range and these are 4-bd 2-bath on 5-7K lots.
    3
  42593. Hey I’ve been to that spot!
    3
  42594. Michael Bordenaro Scientology is basically another version of satanism.
    3
  42595. I'm a Canadian and i see Calex happening now .. CA is being referred to as S..T hole ... feces and needles on the sidewalk ... miles and miles of tent city .. Newsom and Pelosi doing nothing ... i never thought i would bring up politics here, but open borders, santuary cities, defunding the police, eliminating ICE, drugs, child trafficking, and illegals commit crime and released back on the street.... sorry Michael, but a beautiful State has gone to crap and nothing is happening and you opened my pandoras box
    3
  42596. Thank you
    3
  42597. Does this law effect 2 story condo ? Thanks great video as always ..😊
    3
  42598. You are correct Michael, it's seasonal and home starts are waaaaay lower than past years. Builders are not as confident as Redfin and others stated just a few days ago.
    3
  42599. Excellent explanation!!!!!!!
    3
  42600. Soooo.. mortgage insurance is deferent from flooding insurance?! 😳
    3
  42601. Thank for the informative video Michael. 🔥👍🏿
    3
  42602. I hope Don Johnson here finds himself a nice home in Miami..he makes it look like a great place to stroll around
    3
  42603. Congratulations! I’m so happy for you and Lizzy! It’s a great investment and it is Miami Beach which is obvious your place. You belong there!
    3
  42604. These numbers surprised me for sure. I'm my mind I thought there would be an immediate dip in sales. I guess trying to predict human behavior is impossible.
    3
  42605. This guy is smart.. making money from you.. excellent..
    3
  42606. If congress defaults on the debt we won’t hold the reserve currency for long. Maybe it would happen anyone over the long run but that’s just going to expedite the process.
    3
  42607. But honestly if you are sitting in a home with 3% mortgage do you care? I mean it goes down next year, maybe even the next ok your payment is the same just do nothing you will be fine.
    3
  42608. Where are the modest locations to live in your area?
    3
  42609. Do you know of low cost apts?
    3
  42610.  @MichaelBordenaro  I am starting over from basically
    3
  42611. Awesome video
    3
  42612. Thank you, Michael...Great Video !...Golden hour and early Twilight , is a terrific time to shoot a video...Real time Intel and perspective on the current economic conditions is "spot-on"....
    3
  42613. Loving your videos thanks for sharing.👍
    3
  42614. I like your content. Thank you. I’m realizing homes in the panhandle are small old and expensive. Military family on our way bout 5-6 months. A bit scared
    3
  42615. It’s going to get ugly! The effects of what’s going on have just begun to hit the market. Lay offs just starting. The truckers, Auto industry, farming, housing, not counting on the side effects of business that supply and depend on them! Sorry for only gloom and doom, but people really need to look at what’s happening here! Growing up in Flint, MI. and being an auto worker, watching the industry crumble and the side effects of what happened to suppliers, devastated the state! ( guess who the gov. was? Jennifer Grantholm!) That was simply the effects of one industry. This is the world economy! If you think your dollar isn’t getting you much? Other countries would give anything for an American dollar! Their economies are totally collapsing right now. Where do we get most of our food and goods now days? Just my opinion, but I think we’re going to see things that we wouldn’t normally dream of. Stay safe everyone. I think it’s far from over,
    3
  42616. Once the reserve fund is fully funded will condo HOA fees drop? I realize funds are needed for yearly maintenance, but a reserve fund shouldn’t be used. Do I have this right?
    3
  42617. Great video. Super informative! I think West Palm is pretty expensive honestly.
    3
  42618.  @MichaelBordenaro  Truth! But just a little north, the Treasure Coast is still pretty cheap, but no one here wants anyone down there to know that. 😬🤭🤣😂🤣
    3
  42619. I watch michaels video everyday, no matter how busy my day is
    3
  42620. love your walk and talks ,there is a guy in laguna beach who does the same yt vid about 22 min walk and talk
    3
  42621. Beautiful ! Some day i will live in Miami Beach too damn it ^^
    3
  42622. I grew up in orlando area i go to daytona beach every once a month or so its a pretty nice beach its not no miami beach but not bad. im 28 however im tired of this heat and going to relocate to denver co for business but i do love miami beach and would love to live there but its too expensive ive tried moving there in the past too high cost of living ive a ton of ppl moving from miami south fl to orlando because its cheaper to live but nice video men
    3
  42623. Great video. With neighborhoods like this, a scooter wouldn't do it justice. Good vibes.
    3
  42624.  @MichaelBordenaro  Oh, ok, so that explains it. But now i want to ask you something personally. You said you come from Illinois? Im from NY. So the climate is similar between the two. Coming from illinois, how MUCH WORSE IS THE HUMIDITY AND HEAT OF THE SUMMER IN SOUTH FLORIDA? I found your video, among others i have watched to get a better idea of Florida in general because i am considering a full time move there. I love the beauty, neon and beaches of miami beach, BUT, i have hears so many people from NY and all the mid west, and east coast all say very distinctly " ITS TOOOOOO HOT AND HUMID IN FLORIDA, PARTICULARLY IN THE SUMMER" : / I like the sun, and the heat, but NOT THE HUMIDITY! Infact, here in NY the humidity has worsened, increasingly worsened since last year. Last year was seriously noticeably bad! But this year was much worse! I never NEEDED an air conditioner in my car. Even last year. BUT THIS SUMMER? I HAD TO HAVE IT ON ALL THE TIME! : / To give you an idea of my feelings about humidity. I love the warm sunny weather over the change of seasons, and love the beach. BUT i wouldnt want to be living there in miami beach, and not be able to go out because its just too overbearing! : / So this is why i am talking about this. IF i had to stay in the air conditioning for a few hours every day in the summer months? That would bother me. I would feel trapped. I am a night person, but i would wnt to be out in and around all that beauty, and particularly the beach scene everyday! So now that i have given much more insight into my concerns? Maybe based on you being an implant from the mid east, you can relate and give me more informed perspective!??? ( im also a musician, and lead guitarist, though i also play several instruments and teach music too ) I noticed your ESP Gibson , and your mesa boogie amp. ( and cabinet )
    3
  42625.  @MichaelBordenaro  Yes, i need to go down there for a visit and see how i feel. Thanks for the reply.. All the best!
    3
  42626. My buddies home insurance just went up from $1250 a year to $9800. We live in Comifornia and found out the insurance company is leaving Californian so they are trying to gouge so you cancel your policy
    3
  42627.  @MichaelBordenaro  initially I thought he was joking… till he showed me a $5500 quote he decided to go with after all
    3
  42628.  @MichaelBordenaro  you're falling behind ...having too much fun traveling l0l enjoy
    3
  42629. Visited from NC the first weekend of May...The public beach access at Gulf Way and 20th Avenue is the best because two blocks up is Shane's Land & Sea Market to replenish Beach provisions
    3
  42630. One last thing...were you and Lisi staying at a lovely Air B&B that had that wonderful pool on Tiburon? If so...WOW! Nice!!!
    3
  42631. Some nice options !!! Thanks !,
    3
  42632. I don’t know how $1,500 relates to Miami wages the places in Venice and Santa Monica are $2,000 - $2500 a month but you make less $ than compared to San Francisco unless you’re a Hollywood power player or big business CEO manager type so I guess I’d have to compare average incomes. About half of people in San Francisco spend half their income towards rent which averages 3,000 a month for a 1 bedroom
    3
  42633. I've seen so much go wrong with real estate that there's no way in the world I'm going to invest in real estate again. I will only invest in reits as it's a low risk way to invest in real estate. Anything that promises to make you rich will probably have the capacity to drive you into bankruptcy.
    3
  42634. Great work on alerting people to the facts of home ownership. I'm concerned that if housing prices continue rising, hard working Americans will end up on the street no matter what their salary may be. Be blessed🙏.
    3
  42635. Ty for visiting Tally 😄
    3
  42636. Is it difficult for canadian to buy a property 🤔
    3
  42637. what a beautiful neighborhood
    3
  42638. Love the content, keep living the good life!
    3
  42639. Great to see you again today Michael, as usual. It's already happening on property values on my street. In just the last 3-4 months, my house went from 368K to 291K. The house down the street from me that was built the same year as mine, by the same builder and same size as mine, sold for 310K, earlier this year, and as of yesterday, it has dropped to 277K. I check all the different sites to get my estimated values. So as usual, you are correct bud.
    3
  42640. Yip. I'm a Yankee, that's why if I ever make it there I'll have to shoot for a large city. I've wanted to live there since I was 14, for some reason that desire never faded.
    3
  42641. Nice. I lived next to the ocean in Ireland and I was always happy. Now I dont live next to the ocean and I am unhappy... Ocean makes u happy, its an open space that makes ur brain float when u look at it and makes u think about ur life.... If I would be in USA Florida would be my state!
    3
  42642.  @MichaelBordenaro  Ahh yes, 81 in the bridge, 85 in the neck. Thanks! Hey, you said you were gonna make the vid and you did it. And I was like damn, didn't I just ask about that yesterday?? Respect to ya! When I decide to make my move to FL, I will hunt you down for help 100%. As far as early Metallica goes, my fav song to chug to is Shortest Straw. Thanks for the vids!!
    3
  42643. Would most condos allow you to put the car on a hydraulic ramp in your assigned parking space?
    3
  42644. Wow. Alot of info I didn’t know
    3
  42645. Rent control didn't work from the start because of a luxury apartment exemption. Edit: These rentals with non-working utilites are common in Estonia, specially with missing heat in winter._
    3
  42646. I can buy a house right now but just feel like I'm being hosed at these prices. I decided to continue renting now (Locked in a cheap $750 in a great location) and bought stock equities after the 20% SP500 drop. Continuing to closely monitor the housing market.
    3
  42647. The concept of EV ownership in the world is stupid when most people live in apartments, rented rooms, or condos. Home ownership in most parts of the world and even in the USA now is just a dream. Charging at home is just a pipe dream for most people. Globalists just want rich people to be able to drive.
    3
  42648. Money laundering at it's finest.
    3
  42649. Can one buy a home in gated community with no HOA?
    3
  42650.  @MichaelBordenaro  Thanks appreciate the response 😎🌄🌴 I can't wait to move to Florida💯
    3
  42651. Merry Christmas from Hawaii Next Christmas I will live in Florida...can’t wait
    3
  42652. Inventory is way up in my neighborhood in Pinellas 8 houses currently listed, at highest prices yet (~500k), and they are still going pending within a couple of days. 2 more listed this week, already pending. Throughout the pandemic there were at best 2 homes listed at a time. So it does seem there is seller FOMO bringing more homes to the market, yet still buyers are still coming up with the funds notwithstanding the interest hikes.. I'm just not seeing the slowdown I had hoped - yet.
    3
  42653. Michael, how much is the average price of a house with water view and a house with walking distance to the the water . Which area of St Agustine , you will recommend? Thank you
    3
  42654. Michael Bordenaro thanks for replay. Regarding your question , I mean ocean front or short walking distance. I’m thinking to purchase a vacation house in Florida and St Agustine area is one of my options, which beach in the area do you will recommend ?,. I’m thinking to visit St Agustine next year in the meantime I’m doing a little bit of research. Thank you again,.
    3
  42655. Rates will not decline for some while. There are other serious issues we must work thru first, like high paying jobs to afford insane living costs. We don't even hear much about medical insurance premiums. Its housing, transportation, food - these will continue to disrupt affordability.
    3
  42656. I’m looking for a multi family house. Can you recommend any?
    3
  42657.  @MichaelBordenaro  Looking for Orlando area, thank you.
    3
  42658. Carrillon Resort is where you film some of the footage?
    3
  42659.  @MichaelBordenaro  Yes sir, been there so many times in Miami Beach and I want to move there!!!
    3
  42660. How is hurricane season?
    3
  42661.  @MichaelBordenaro  that's great! I was thinking more around Clearwater or Naples 😊
    3
  42662.  @MichaelBordenaro  I haven't been to clearwater so we will have to visit!
    3
  42663.  @MichaelBordenaro it will be a little more difficult as I will need to get a visa as I am from Cananda but not impossible
    3
  42664.  @MichaelBordenaro  I can come visit without a visa but i will need to get one if we want to move there more perminately or a least for a few years. I am sick of losing 6-7 months out of the year to cold
    3
  42665.  @MichaelBordenaro  absolutely! Your videos have been very helpful I'm our decision process
    3
  42666. Rents are crashing where I live. Down 50% from last year already.
    3
  42667. Report from the rich people's universe: Job market is so strong it set a historical once-in-a-lifetime record; Housing market is rebounding sharply; Inflation is plummeting. That's their universe. We don't live there. Can't afford it. I feel we're being gaslighted with all of the economic reports. If 90% of CEOs expect a recession in 2023, then who's hiring all these people? Housing market is rebounding? Maybe in some places. Inflation is going down? For yachts and private jets and champagne, maybe. Everything else is sky-high.
    3
  42668. Arizona is the true sunshine State specifically yuma arizona the Sunniest city in America.
    3
  42669. It’s right ..thank you ..
    3
  42670.  @MichaelBordenaro  I haven’t been there in years but it used to be so nice and I’m sure it’s grown up a lot but probably still nice. Would love to know what the beaches are like there now...I have an aunt and cousins there but we always seem to meet up in Coral Springs where I have other family whenever I travel South 😊
    3
  42671. We are in DeKalb Illinois. Amazing to hear you mention Illinois.
    3
  42672. 9:10 you see this all on Tikok with Mortgage Loan Officer or realtors saying this crap just cause they benefit from FOMOers jumping in the market. good video.
    3
  42673. Yeah do a buying video
    3
  42674. Totally can relate!!! We do staycation😊😊. Love our own home!
    3
  42675. Since this video, rentals have gone up. I'm also in South Florida, homes in my community, 3 bdrm 2.5 bath for $3,500 a mo. And people are moving in! Meanwhile i have friends who can't find a place to live, air bnb hopping for anywhere starting at $1,000 or more every 2 weeks. So there's that part. Im a home owner and I'm staying put!
    3
  42676. May-October is pretty miserable in Florida
    3
  42677.  @MichaelBordenaro  😂… I’m not a big fan of full time living in Florida, but it has been very nice this time of year
    3
  42678. The FOREVER BACHELOR says......DON'T GET MARRIED!! p.s. Here in San Diego and it's kickass!! Timmy C Arizona
    3
  42679. LOL I looked at that house 3 years ago, they wanted already to much money, well been dumb is free !!! I purchased 3 properties in that street and adjacent. That land and the next one have been for sale for years as well, as the big house that you just pass.
    3
  42680. bond market is pricinging the 10 year lower. fyi, they are always right on this one
    3
  42681. I find I am pretty happy by myself. It used to bother me that I don’t have anyone special in my life. Being by yourself means you can do what you want when you want. Other than family, you should not have to depend on anyone other than yourself. It is nice to have a significant other in your life, but I know you can’t make it happen. It has to happen naturally I guess.😊😊
    3
  42682. Mother Nature can't even keep our favorite real estate agent from reporting!! Some wind and rain over here in Sarasota, that's about it.
    3
  42683. As a tourist it's hopeless to find anything nice in March because of spring vacation and January and February are difficult too, but March the worst!
    3
  42684. My top housing market crash hope makers together, great!
    3
  42685. Good luck Michael I wish you the best
    3
  42686. San Diego is my favorite city
    3
  42687.  @MichaelBordenaro  I stayed in Oceanside for 2 months for work and visited SD. Loved it and csnt wait to go back
    3
  42688. Congratulations on your condo👏🏼🍾that’s awesome! Please show us the condo when you move in
    3
  42689. Same happens with aluminum finned condenser units, the salt water air wreaks havoc, I suppose the only downside to living on the beach
    3
  42690. Millennials think they deserve to live in a million dollar house and won't Settle for anything less than what a king or Queen would want. Because well they're worth it of course even though they have no money
    3
  42691. I rent a 7,000 ft house for only $400 a month and it has a ocean view and a nearby beach
    3
  42692. Where are people finding these high-yield savings accounts for 5% or more? Seems everything I'm finding is 4% Max.
    3
  42693. You are kind of talking about tow different types of insurance. I sell Medicare insurance which is very good and affordable now. Long term care insurance is different as you stated and can be expensive. Everything you said is true. If you can afford long term care insurance I would recommend getting it. The problem is not everyone can afford it. Life is full of risks and you get what you can afford. Otherwise everyone would drive a Mercedes Again great work.
    3
  42694. hell no, 200 per month is not nearly enough to get me to buy
    3
  42695. Glad you care about other's
    3
  42696.  @MichaelBordenaro  cash is king..... if you're the buyer, you don't cave in......you can always find another property.....my mom always said, ".....making a deal with your happy emotion running out of control and you will lose...".... She meant "buy with your head, and not with you feelings"..... FOMO buyers bought their houses in 2020, and 2021 based on emotions, and that's why they are in trouble right now as prices are falling down.......
    3
  42697. What kind of camera are you using ? Video is very clean.👍
    3
  42698. MB why so negative??? Lie to us, damn it!!!😁😉
    3
  42699. my friend if you live in miami don't keep waiting just buy everyday more and more people come everyday more and more people born hottest city everyone wants to be in lets be real here
    3
  42700. Great channel bro! Love it!
    3
  42701. I love all your videos! You have taught me so much. I just wanted to kindly let you know the link for LivngLifeInFlorida didn't work for me. Must be a glitch somewhere. Anyway, can't wait to watch your next video and thank you for taking us along for this trip. It was educational, entertaining and fun as always.
    3
  42702. Yeh. Finally back to the reviews of Florida towns..
    3
  42703. Great video Michael! Such a nice day! Beautiful area to explore.
    3
  42704.  @MichaelBordenaro  LOL! I couldn’t as well! You’re very informative.
    3
  42705. $$$$$$$$$$$$$$$$$$$
    3
  42706. Absolutely, same here. Also wanted to mention that you've been doing an incredible job with the channel and cranking out videos that people want to see. You've had amazing growth recently 👍
    3
  42707. Great video Mike, getting away from the beach do you like any suburbs like Doral or anything west of I-75 in Broward county? The houses there are brand new. Coral Springs is nice too.
    3
  42708.  @MichaelBordenaro  Totally makes sense.
    3
  42709. I don’t know what to call it but Big Mac meal for 18$ damn
    3
  42710. All good and important points, Michael! I was wondering if you were still considering buying a place and renting out part of it. I was also gonna ask how your not coin is doing. Well, I hope!
    3
  42711. very high shark attacts in new symna beach it ranks one or two on the list
    3
  42712. I know , Michael and your lovely wife are like me ,old people have so much info and they are real no allterior motives just good conversation and they have seen so much ,
    3
  42713. Cars used to be affordable and you were able to fix it yourself. Whose idea was to put computers and all kind of unnecessary stuff into a car? 😅😅😅😅
    3
  42714. In one of those high rises, do any of the tenants you've heard from ever complain of noise from their neighbors, or are the walls pretty sound proof?
    3
  42715. The economy will crash. I don't know how much Trump will be able to do to recover but I know he will be better than Kamala
    3
  42716. People who are getting ARMs are speculating about the time their interest rates are to adjust interest rates will be lower and they'll be able to refinance into a 30-year rate. However, they failed to look at the bigger picture. They are correct in thinking rates will fall down because at some point the FED will give up its inflation fight to rescue the economy from a financial crash by pivoting and reverting back to QE. However what people don't realize is, after the FED pivots inflation is going to spiral out of control eroding the savings they'll get from refinancing into the lower rates, then we will be on the brink of a much more serious issue and that is a dollar crisis and a sovereign debt crisis. At that point, you don't want to own any dollar-denominated assets because inflation will wipe you out. To protect yourself you have to get out of the dollar by owning foreign real estate where you receive rent in a different currency, foreign stocks that pay dividends in foreign currencies, precious metals, and anything that is not priced in dollars.
    3
  42717. Nice interview. Would love to hear details on how to start the business for Newbies. Thanks!!
    3
  42718. would love to know how you keep that camera steady walking. do you hold it or are you wearing something to hold it. also if i recall, Dexter is from bay harbor
    3
  42719. I stopped going to McDonald's when they screwed up the orders the last 20 times I visited them. Happy Birthday, Mrs. B.
    3
  42720. I can buy anything, homes, car's and girl's are to expensive for my blood.
    3
  42721. I’m jealous Michael !! It’s too cloudy and gloomy here with power suddenly going off in the entire area and the mall it adds to the doom and gloom:( Right now with power being off I was looking at the properties in Miami and your video came up !!’ Looking good Michael keep up the tan! Lol 😎🏖🌴
    3
  42722. Subscribed to your channel (and subscribed my husband as well). Love your informative and honest videos. We will be moving our family to the sunshine state shortly and found your channel by accident (luckily) 😀😀😀
    3
  42723. Nice change of pace. Beautiful area ❤️
    3
  42724. Thanks Michael 👍 😊
    3
  42725. ironically, 70-year-old Michael probably won't have any gray hair 😂
    3
  42726. I'm on both sides of the fence. I'm selling in NY and want to sell at top dollar to the highest bidder before my home build (price locked in already) in Tampa closes. At the same time I paid $3700 in points for a 6 month 4.25% rate lock...i think I'm in the driver's seat for this tumultuous moment in the market.
    3
  42727. OK. OK. Dear Michael: This is just the beginning of the beginning. Any house on the block you are strolling by would only be worth, Maybe, down 40% versus the asking price. Forget concessions. Con-sessions are just fluff and bs. Wait and Watch. Eventually, the real trades will take place down 40%. or more......
    3
  42728. Hmmmm. So gutting the economy by sending hundreds of billions overseas is a thing? And raising prices dramatically? Say it ain’t so. And for target, there’s a price to pay for blindly supporting the machine? 🤣🤣🤣🤣🤣🤣 Be kind out there. Speak out against evil.
    3
  42729. I would’ve just bought a roll of gold eagles. Gold has been around forever, bitcoin has not. Also, everyone said gold was going to skyrocket. It’s only gone down the last 9 months to so. So, which one is safer?
    3
  42730. Great Video Florida is certainly the place to be.
    3
  42731. Look at that cutie @10:00. No ugly stare. Just a happy person.
    3
  42732. Congrats on your success!!!
    3
  42733. Never heard of Burger Fi. Don't think we have any near Atlanta. But, it's the same story for most food chains, it seems. I think and hope Chick Filet survives.
    3
  42734. Unless you're an investor... equity is over romanticized.
    3
  42735.  @MichaelBordenaro  so true.... my mother always said, "Bambino, it's best to show up late and get the bone than to show up early and be the meat." Whatever that means is up to personal interpretation.....
    3
  42736. Talkin boats: "... don't spend too much and don't go OVERBOARD..." Ha! I see whatcha did there ;)
    3
  42737. Thank you for sharing, well said. What you are saying is so TRUE! We are with you 100%.
    3
  42738. Very good video. I'm a S Florida Realtor and we are dropping the price of our listings by $30K - $60k. A lot of the people who think they are going to buy when a crash come are in denial about how bad this recession will be, how many jobs will be terminated and how dire our economy will become. The only people who will benefit off a housing crash and recession is the wealthy and corporations. They will continue to buy up all the property and rent it out for astronomical prices and fees. You are so correct all the economical data are skewed for the upcoming midterm elections. Also since we have all the wealthy people moving to S Florida from California, Texas, NY and NJ then they are forcing out the lower and middle classes who they feel shouldn't be living in luxury (S Florida). This is all a chess move while some are playing checkers. Great video.
    3
  42739. Go MICHAEL 100k end off 2021🙏🏻🇺🇸
    3
  42740. Very cool, man. Every time I'm more up to buying some real estate in Florida 😎
    3
  42741.  @MichaelBordenaro  Lots of videos on you tube about Medellin, it's becoming a popular expat destination due to the great year around climate, VERY low cost of living great overall infrastructure, great health care, etc.
    3
  42742. Lol Michael !! Maybe you should take the guitar with you outside to the beach and play it while you are making a video ! That way everyone be happy !! 🤔🤩🌴🌴
    3
  42743.  @MichaelBordenaro  Lol ! I know Michael you really can’t make everyone happy ! I must admit the first time I came to your Chanel I was surprised about the guitar ! But I’m a music person who happens to like guitar .My favorite guitar player is Estas Toone . I also like people who think outside of the box and not adhering to the rigid rules! There are also hundreds of videos on line on Real state in Florida people have a choice to watch those ! Why come to this Chanel and want to change it ! This is your style which is unique to you ! 👍🤩
    3
  42744. Vlog style, he who you think you are...me? LOL This town ain't big enough for the both of us! HAHAHA...awesome bro I think you found a new approach to add to your repertoire that suits you well. Hey, mold does suck, but you don't know pain down here until you accidentally leave a window open a crack and your car gets infested with Palmetto bugs! Nice Camaro, American muscle at it's best.
    3
  42745. Don't tell that to people in the SF Bay Area with a house listed for $1.5M went for $2.5M. It was an ALL CASH sale.
    3
  42746. Should name it best BEACH places to live.
    3
  42747. Ciao Bello Your very wise for a young man ! Keep up your great videos !
    3
  42748. Here is an example of CO-OP that is enough to scare you away from wasting your time shopping for a move. It says Assessment 89,000. That's about the price of the property - https://www.trulia.com/p/fl/pompano-beach/100-se-6th-ave-104-pompano-beach-fl-33060--2093612259
    3
  42749. The upside of a recession, the people will be forced to make less emotional, more rational spendings.
    3
  42750. All across the insurance board is a scam. How can we keep surviving with the multitude of things increasingly getting worse? Please tell me
    3
  42751. Property tax on owner occupied - "damn buddy sorry about that" Property tax on empty investment properties - "Eat shit!"
    3
  42752. We'd like a bit of your guitar playing for a brief intro! Actually, thank you for the great advice.
    3
  42753. It's crazy u walked thru park w bbq grill n only 1 family was there. People always homes are still selling n they never mention the city lol
    3
  42754. I'll never buy an EV. Gas tha Diesel will never go away in my lifetime.
    3
  42755.  @MichaelBordenaro  No I actually keep my cash under the mattress because I make better interest than the banks pay me. Ya'll the funds we have in the bank are only there if the government doesn't crash and burn no matter what the FDIC promises us. Having gold or silver coins are the best to have for some security also small bars of each type. So to sum up do you actually have a bit coin of which you can put in your hand and not some type of digital currency? Also, in the premise of this digital currency based upon on whether or not others countries in our world will accept it verses gold and silver.
    3
  42756. LOL
    3
  42757. Here we go!!! Miami is not USA.. we even speak more Spanish than English.. LMAO!! How and when we are going to change the 7:1 migration? 7 people in to 1 out in FL
    3
  42758. lol. is their anything that is not a scam??
    3
  42759. Wish i was one of the smart ones who paid off loan debt in the 2 year interest free window but i was depressed af and didnt make a lot of $. Might borrow from relatives and get rid of it. Relatives will let me pay them back interest free.
    3
  42760. Best to own your own detached house, outright. You don't have to pay HOA management fees, lease charges, high insurance. This is really sad for the people who have invested their lifesavings in condos, whilst the developers, builders etc. have made millions.
    3
  42761. $5 to $7 is 40% increase, not 20%
    3
  42762. Awesome! Thank you, very informative. Great job!!
    3
  42763. Remote workers are earning the wage from their home city ie: Silicon Valley to FL, and the wages probably need to be adjusted lower. Not certain, but employers are probably calling people back to get closure on where the "home office originates" for payroll and income tax purposes. There may be tax laws regarding this, unsure.
    3
  42764. In your opinion where should have Roku store their money? 500 million is a lot of money there's not enough banks to divide it up into 250k .
    3
  42765. 780 thou... That house is going to sit for a while!
    3
  42766. Yes keep us posted!
    3
  42767. 4k per month morgage seems high. How much you putting down ?. ...what if you buy it outright then your mortgage would be zero accept for taxes and insurance.
    3
  42768. I agree it's completely unsustainable for this area. These crazy investors will eventually get caught just like they did the last time.
    3
  42769. Thank you Michael..👍
    3
  42770. 👍🏻🙏
    3
  42771. Great video the more I watch your video the more I want to move to Florida. I live in Portland Oregon I am 45 love sun ☀️. I love your wonderful advices. Thanks brother.
    3
  42772. 🍀🤔🍀👍
    3
  42773. Great lesson today Michael!! Appreciate your blessings 😊👍. You said how beautiful it is there and why you love living there!!! Thank you for this great video 👏👏
    3
  42774. It is the emergency vehicles responsibility to make sure the intersection is clear believe it or not . You must get out of the way if it's possible but if you're half way through an intersection and an emergency vehicle hits you it's definitely the emergency vehicles fault .
    3
  42775.  @MichaelBordenaro  😳
    3
  42776. I'm just wondering if you could flip one of them to some stooge in Cali, a Tesla that is.
    3
  42777. If you get laid off as one of these remote workers in a cheap state...good luck finding that level of pay locally..
    3
  42778. This is complete BS, I've been busting my butt for the past 34 years providing for my family and these days it is getting harder every year due to inflation and constantly crazy increases in utilities etc etc.... Screw this shit!!!!!!!!!!! I totally agree with your assessment, we should be helping our own 1st and foremost.
    3
  42779. I live for sunsets. That one was truly spectacular and a welcoming sight while I work. Thanks for sharing. I need to get my a$$ to Cali. :'( xoxo
    3
  42780. Not sure how this 1st Republic bank rescue is simpatico with the Frank Dodd bill. Is Frank Dodd even enforceable or just a silly paper tiger?
    3
  42781. WHEN WE START FLOODING THE MARKET WITH FUEL THE PRICE OF MOST EVERYTHING WILL COME DOWN AND AS FAR AS REAL ESTATE GOES ITS CRASHING ALL ON ITS OWN AND YOU CANT EAT A FUCKIN HOUSE SO WHO CARES. BUYING A HOUSE IS A SCAM JUST LIKE “GET A JOB”….BE THE JOB DONT GET ONE PEOPLE THINK TO SMALL LEARN TO SIGN THE CHECKS ON THE FRONT NOT THE BACK….
    3
  42782. Granted, health, divorce, job relocation, etc., are legitimate reasons to sell right now. But seriously, FOMO? You said 80% of the mortgages are sub-5%. Other than the reasons previously stated, I don't see the fear part? Selling will just make things worse for them. Ridiculous rent or a higher mortgage is waiting to pounce on those who are ignorant enough to sell and give up their equity and low rate. If they are going to live there for 5+ years, they should NOT sell. Ride it out and come out clean on the other side. Only a fool would think that the housing market will never come back. I think their mantra ought to be FOFU (Fear Of F-ing Up).
    3
  42783. Great video. I love and miss Miami Beach. I will be there soon
    3
  42784.  @MichaelBordenaro  I'll be there in July for my wife's birthday. It will be her first time in Miami Beach.
    3
  42785. I got 2 mortgages I took in 2013 1 @ 3.25% 2@3.125% My equity up 100% I keep paying it down From 650k To 150k today
    3
  42786. Bro! Very cool! Putting Florida on the map! And I’m with ya. Kind of burnt out of the RE game. I’m looking at the online $$ Live anywhere. Work anywhere.
    3
  42787.  @MichaelBordenaro  I respect it. I feel the same way. Many would never walk away from money on the table. Priorities in life 🤙
    3
  42788. how is this hot wet weather compared to our Vegas dry heat?
    3
  42789. Oh no about your kinfolk's insurance premium in Venice, Florida.
    3
  42790. So many cons about living that close to the sea. First sea levels are rising, about 1 inch every 3 years in Florida, with the possibility of getting even worse. You have corrosion from salt water, you have constant storms battering those buildings and causing fractures you can't see or even slight tilting of those buildings. You're only seeing maybe broken windows, or damaged balconies, but not seeing the underlying conditions of the structure, because it's covered up by building cosmetics. Like planes, you can have hairline cracks starting off that end up in gigantic separations of materials. It doesn't matter if it's a high rise, or a home, these things can happen to any structure.
    3
  42791. Another great video. I can see me referring back to this one in the future.
    3
  42792. Miami Beach has a homestead exemption??
    3
  42793. which of these places would you recommend young people / millennials?
    3
  42794. Florida has gone insane! It use to be such an affordable place now only millionaires can afford it. High home cost, high property insurance, high taxes, high car insurance. Not worth it any more. Good luck getting anyone to work there. They cant afford to work where they live
    3
  42795. What should someone expect to pay for insurance? I bought a second home in Cape Coral and was shocked that my insurance cost was 10x the cost in California. I also found it very difficult to even get insurance with a roof that was only 10 years old.
    3
  42796. You shared beautiful words and both appropriate and eloquent commentary. Thank you for sharing your kind thoughts.
    3
  42797. I don't think that 1% is going to move us. However, your use of the word "ridonkulous was worth the entire video!😂 Seriously, though, I always appreciate your information which is very helpful, Michael. 🐬
    3
  42798. More of you two together!
    3
  42799. I was thinking about moving to the Tampa area but, I geuss the Hurricane 🌀 is telling me, no. LoL! Yoi are right! I am still unemployed after this laid off.
    3
  42800. Please activate closed captions for those of us who need it.
    3
  42801.  @MichaelBordenaro  Thank you for checking. I noticed its up on your other videos, just not the one I needed the most. te-he.
    3
  42802. Well I guess I'll do this again . I keep getting deleted by the algorithms. Maybe they didn't like what I said about redfin ... maybe they didn't like what I said about the banks that are collapsing. I know the main stream media wasn't reporting it . There has been more losses by the banks this year than in 2008 and were just getting started. Great video Michael.
    3
  42803. Quite the pickle for remote workers.
    3
  42804. I want to move back to FL for the heat!
    3
  42805. I live in Illinois and my insurance went up 20% without any claims. So it's not only FL.
    3
  42806. Miami restaurants were super expensive when I went there 4 yrs ago
    3
  42807. What do you think is the best city to live in Florida ? I’m looking for a cheap 1 BR and great city
    3
  42808. Thanks for the video Michael! Helped me a lot before moving to Florida 👍
    3
  42809. The Global Research chart re: investments is valuable, interesting, SAD.
    3
  42810. 🏄‍♂️
    3
  42811. Right on!!!! -
    3
  42812. HI As always I have enjoyed listening to you and walking next to you. You're very natural and good at talking and walking at the same time. You cover so many different things besides real estate things that I'm not bored with your clip. Thank you.
    3
  42813. Commercial mortgage backed securities (CMBS) will bring banks to their knees..
    3
  42814. 3:11 dang that laptop is T H I C C
    3
  42815.  @MichaelBordenaro  indeed!
    3
  42816. This and last week up here in Central Florida has been much cooler than normal. Not sure when you had recorded, of course.
    3
  42817. You said it was Wed and we're seeing this Sat so, not sure how far you are now but I can't imagine only spending 2 days in St. Augustine or any other midsize towns to be able to really experience them. Even if you haven't been to some of the bigger cities before, you kind of know what you are going to get in a big city - and anyway, I don't think you 'd want to live there with that traffic. When you're driving part of the time on A1A and then just spending a few waking hours on other roads and where you are staying, it's probably hard to get an idea of what the area is like. Spending more time at each location and showing us what you are experiencing for a few days may be a better option. Hope you saw a little of Ormand Beach (one of my favorites on that coast - so quiet and relaxing) and maybe Flagler Beach as you were driving through. But you're probably up in the Panhandle by now so I guess it doesn't matter. Coming from the Midwest too, I can understand how staying at a home with grass and a yard would feel comfortable - I know I'm going to miss that once I leave for SW Florida in a few months. I did like this video, you look so relaxed.
    3
  42818. Thank you, so inspirational! Really appreciate your honesty.
    3
  42819. Love these videos! I seen your guitar video and I would like to see a cover video with one or two Alice In Chains songs you know. Your videos are really inspiring for me as well 😎🤟
    3
  42820.  @MichaelBordenaro  you’re welcome! I don’t have Instagram but I’ll have to check it out! Rock on dude! 🤘😎
    3
  42821. Do starter homes even exist anymore?
    3
  42822. We are thinking about Deland. Half way-ish between Orlando and Daytona because we love both the beach and the parks. Any thoughts on the neighborhoods in Deltona? P.S. I was born in Daytona and live there in my early childhood so I'm fully aware of the heat and humidity. My husband and daughter are not however.
    3
  42823. You rock man
    3
  42824. I appreciate your honesty. I'm holding off mainly because of prices. Even if I bought something for Airbnb, the math doesn't make sense. It's all frustrating right now.
    3
  42825. Dummy it down to normal housing cost like the guy who is making 55k a year.majority of people aren't buying 3 million homes,and if they are screw em letem pay
    3
  42826. Love this video!
    3
  42827. Actually Michael, your taxes will go DOWN 267.24 compared to last year. You paid 9106.69 in 2023 and w/ proposed changes for 2024, they'll want 8839.36. If no proposed, then it would go down 1421.14. My county did the same thing. Instead of giving us all a break because of inflation, they opted to go for the proposed increase. I can't believe how much you pay down in Miami. Even if you were on installments every three months, that's 2210 every quarter or 737 a month! Wow. And that's JUST property taxes. Do you have an exemption? FL gives good ones. And you're in a condo right? It amazes me that they charge just as much in property taxes for a house as they do for a condo or townhouse. This property tax situation really needs to be looked at in the state, whoever has control of it. Between homeowners insurance and property taxes, just wow. Had FL been like it is now, back when I bought into it, I would never have left where I was living to move here.
    3
  42828. Absolutely agree. We started to invest in RE in 2020 and share the experience you just described. Great advice Michael 👍
    3
  42829. Marco Island is my favorite spot in Florida.
    3
  42830. Millenials don't get ripped off.
    3
  42831. Happy Birthday.🎂
    3
  42832. The FED didn’t “pivot”… the pivot bros just heard what they wanted to hear. Terminal rate remained unchanged. Slowing the pace of hikes (50 bps instead of 75) is like a murderer slowing the pace they are stabbing you- the end result is the same. When the FED pivots (real or perceived) so do commodities, equites, real estate- all inflationary which will end up making rates higher for longer.
    3
  42833. Maybe you can give us a video of your healthy life style. How do u stay so fit?
    3
  42834.  @MichaelBordenaro  YOUR just as Important as the the topics you discuss..
    3
  42835. He is in Miami. Ian didn’t hit there. He is reporting on other areas in FL that flooded. He was speaking of Orlando in central FL also, where parts of it flooded and up the “Gulf coast”. He is ocean side. I am on the Gulf. And everything he is talking about is 👍, true. Believe me! There are flooded places. And I should be a flood insurance agent. Because I have “tried”, to tell everyone I know to get flood insurance! Not too many takers. To their peril! 😢 . Thankfully, my home was spared. I thank God for that! Looks like a bomb went off in some areas around me! 😳 !!!
    3
  42836. Michael Bordenaro agree, the majority of single people collecting unemployment are not your homebuyers. However, unemployment benefits (money) factor in to the total revenue when it comes to married couples. So if they’re paying 1500 to rent, why not purchase at a low rate.
    3
  42837. The good news is all those fees are not deductible for tax purposes either....oh wait...that's bad news! Another excellent vid from Michael.
    3
  42838. Nice LT1 lol
    3
  42839. Houses built new bring to 650000 bring down to 395000 still make a hundred grand
    3
  42840. FANTASTIC video, Michael! This is great information! People definitely need it! You are right about this situation. I just talked to my cousin, who lives in Tampa, a few hours ago. She and her husband suddenly decided to sell their house in a nice area of Tampa (I'm sure it was more her husband), and buy a big boat to live on in the St. Pete area. However, once they sold their house, they couldn't find a boat to their liking. They then thought of buying a house or condo instead, but can't find anything they like at the moment. My cousin confessed to me that they both have had second thoughts about having sold their house, and find themselves periodically wishing that they hadn't sold it. It was really nice too! It had a caged pool, big yard,...just a beautiful home! They are currently living in a warehouse that her husband owns (he has a successful business, and there is an apartment on top of the warehouse.) She said it is a tight squeeze though. They have to go to his sisters house to do laundry now. She does not like that!
    3
  42841. My dad was a financial planner "most fail to plan, not plan to fail" was His favorite line 🤣I dont kno anyone my age That I worked with, that have $162k, normally 6x that. Plus a pension & at least 1 house. People 10yrs older than me lived during the best times, golden age. I retired young & manage my properties. I started buying houses (for retirement income) wen i was 20. I was 1st to buy a home out of everyone my age that I knew.
    3
  42842. Another good one Michael 🎉
    3
  42843. House of credit cards.
    3
  42844. Michael, I have dual citizenship (Scotland and the US). I have lived and worked in the US for more than half of my adult life and I am constantly amazed when US voters elect and then submit to the constant onslaught of utter crap from a feckless, disassociated group of fools such as we have in power now. When are people going to reach the point of just saying "Enough is enough", A decent/safe/affordable place to live (without government interference) should be within the reach of nearly everyone. But then I seriously doubt that most of the electorate and the elected officials know much at all about the Constitution. The younger soon-to-be home buyers are criminally unaware of what their government should and should not be doing. Jefferson long ago warned about the very government we have today. 3% of the colonists fought to liberate and form this country but sadly the other 97% seem intent upon destroying it.
    3
  42845. Watching your top three reasons people are moving to Florida now on TV released today January 17, 2022, you’re missing a couple of key points being a native Floridian but living in California for 25 years… Regarding Covid, we have more responsible leader ship here and that’s why we don’t have the rates of illness and spreading that Florida does… Yes Florida’s taxes are lower but holy smokes so are the salaries an hourly rates they’re offering… What day offer. Per hour for a professional skilled position is the same they offer here to flip burgers, state jobs in Florida are pathetic what they offer… And yeah it’s not that cheap to live in Florida anymore that’s the reality check people need to have. Since the huge influx of people moving there it is cost the price of everything to go up but unfortunately income has not kept up to the pace. So you’re either grandfathered in in Florida or you have your own business. Yes lots of jobs there maybe but we really haven’t seen him and yeah the ones we’ve seen the pay is pathetic, if you have to spend spend $2500 or more on a rental if you could find one or on a mortgage, and you are not self-employed you’re pretty much screwed the numbers don’t add up. Do I still want to move home yeah but I do run my own business but my husband does not
    3
  42846. I watch, because I want to know if the economy is good or bad, the truth, the government and sales people will never tell you the truth, god forbid they might lose money and you might save a few dollars, and I can't risk my future based on lies
    3
  42847. Hi Micheal, me and my husband are big fans! Merrill Lynch just released an article stating prices in Miami won’t decline like the rest of the country 🤨🤔 I would love a market analysis of Florida and specifically Miami! Would be great to hear what you think about Miami, I think the market has slowed down a bit and will continue… All the best! And many blessings ❤️
    3
  42848. I'm broward county panicking
    3
  42849. Congratulations on 10,000 subscribers
    3
  42850. Nice to hear a mature grown adults perspective.
    3
  42851. I see age wise you’re just a pup, I live in the Florida Keys specifically the upper keys I bought my first house in 1982, I still own that house , I bought it for $45,000, you can’t believe the numbers I’ve, turned down on it
    3
  42852. Most people are off on Monday (holiday) following the 4th of July.
    3
  42853. Thank you for having me, Michael! Such a fun topic to discuss.
    3
  42854. For tomorrows video I recommend a walk through treasure Island beach or Crescent beach. Lots of Cool Cove beaches in Laguna with steps down to the sand.
    3
  42855. It looks so beautiful there!! I can't wait to revisit FL. Miami was nice, but I want to see more! ☺️
    3
  42856. It's beautiful to see the beach! Home sellers are DEF in trouble in Florida! Yes, I've seen rare Sellers whom have had a pre-inspection.
    3
  42857. 4:47. Don’t need to be PoC to apply? This is a virtue signal PR gimmick program that BoA is doing. Big risk the applicants/homebuyers (with no down payment) are getting into yet if they holdout for 10+ years and buy in the right place&location&no need to sell&stable job&location etc… it could payoff especially with the elimination of certain fees. Yet the interest rates they get may be elevated…details details….
    3
  42858. Beautiful place 😍
    3
  42859. Hi Michael! Just my two cents, I'm opinionated, but not unkind.......... forget the Sunglasses; they are a dime a dozen, available every where, loads of competition, lots of celebrity and designer brands. WE KNOW YOU as subbies, but is your name sufficient enough to pursue, particularly NOW? IMO, I think you have an unusual, distinct voice, perfect for voiceovers, ads, PSA's. Get in touch with a talent agent perhaps, if this appeals to you. Trivia: REMEMBER THE FED X FAST TALKER JOHN MOSCHITA? We grew up together on Long Island. Back story; John had four sisters, and he couldn't get a word in as a youngster at home. None of us saw anything different about his future "talent" back then. He was just funny and he talked a lot. He and his family were great people.
    3
  42860. You are so right Michael, this is a good message for those complainers that can’t seem to appreciate the United States, regardless of the problems. Great point. 👍
    3
  42861.  @MichaelBordenaro  I will leave Monday from here, I went to Publix today and passed your building is so nice I want to move here next year can you please let me know if I can rent like one bedroom or studio for one year to see how I feel living here in MB and how much will cost per month? Thanks and have a good trip back home you and Lizi !!!
    3
  42862. About how much money do you think is a good enough amount to save for someone trying to move to Miami alone?
    3
  42863. Congratulations Michael, keep up great work 👍👍👍🍷
    3
  42864. Yeah, I wouldn't count too much on the Feds raising interest rates much because it will crash the stock market and they don't want to be responsible for that.
    3
  42865. Very nice.
    3
  42866. Nice video. Beaches are beautiful. Moving to New Smyrna Beach in Aug. Still looking for apartment complexes.
    3
  42867. Michael,....outstanding video as always. You did an excellent job of describing the Miami/South Florida real estate market as you see it. Certainly not encouraging someone who has their doubts about buying,...but,....not discouraging someone who thinks now IS the time to buy or sell. Real estate(in my opinion) is like poker game where buyers, sellers, agents, flippers are all keeping their cards close,...... waiting for the right time to make their move.
    3
  42868. No local club rock in Miami but a great concert scene right Mike?
    3
  42869. Very few swiming beaches in keys. Need a boat
    3
  42870.  @MichaelBordenaro  I think you're right. 😟
    3
  42871. VA home loans are assumable but the buyer must be qualified by the VA. The service member is still responsible if the buyer defaults on the loan.
    3
  42872. Yes. Here in Arizona you can lose your home if you don’t pay your property taxes. Also if you don’t pay your HOA fees the HOA can sell your house as well. I want to move to a state where they can’t take everything from you.
    3
  42873. 3:37 Ate there at the Argentina Steakhouse. You were in Sunny Isle's :P
    3
  42874. Great idea!
    3
  42875. unemployment is low bc people need 6 jobs to live in a trailer park,
    3
  42876. Auto and homeowners' insurance is a waste of money. I only take liability for auto and bare bones for homeowners.
    3
  42877. war chester :) its wuah-ster new england names are funny they are native american
    3
  42878. Your dad looks Irish. I know he is Italian but is their any Irish in the family? Just wondering....lol.
    3
  42879. Michael, watched many of your videos and like them. Great to see you're not alone and have a beautiful wife behind you! I worked in restaurants as a young man and eventually went to college to get ahead of the minimum wage or similar. I don't know what's happening but I know many kids are going to be left behind the rest of the world. I work with many young engineers that work longer and with deeper thought than most Americans. Young people need to force their brains to be used as the tool that it is. I was smart enough but didn't realize it because I didn't know and didn't have confidence. I didn't realize that until later but wow, what an eye opener. I didn't use my mind for the first two decades of my life. Found out it is a huge asset in life! Please use it. It will pay you.
    3
  42880. How is playing guitar with your amp in your apartment? I'm moving to sunny isles soon and I'm worried that I will not be able to play with my amp unless the volume is very low.
    3
  42881. You got a new sub boss
    3
  42882. 🙀
    3
  42883. Is that a metallica tattoo? awesome man!
    3
  42884. Most millionaires are paper wealth only. Crypto, stocks, homes, bonds, cash and all that is going down. So they probably have liabilities and are feeling pain this year.
    3
  42885. Your driving and walking videos make me want to visit Miami. Thanks for all of the great content.
    3
  42886. Great video, straight to the point and not filled with a bunch of fluff and nonsense.
    3
  42887.  @MichaelBordenaro  very cool but you didn't say where that house was located. I've been looking all over the state too but proximity to family means alotnto me. But the springs and the beaches are calling to me. Uuuuhhggg so many choices in Florida. Lol
    3
  42888. Houses are ILLIQUID. What does that mean? It cannot be sold when someone wants it sold. It sits there waiting for a lowballer in hopes to buy it. So when your house plummets and still no buyers, then you are screwed paying high prices over a cheap property...
    3
  42889. The education is so far removed from the actual job.
    3
  42890. Groovy shirt!
    3
  42891. Was that a manatee @ 20.05
    3
  42892. NYC pays well And is it’s relative.
    3
  42893. I am coming here in a couple of months.. I'm super excited for my new life here,
    3
  42894.  @MichaelBordenaro  That makes good sense actually. It was in the middle of May. And of course, would not call the water at the beach in Fort Lauderdale cold. But still at that time, South beach was more like a good spa 😂
    3
  42895.  @MichaelBordenaro  Good good, im just taking notes here 😄😆 Love the content.
    3
  42896. I've taken 2 month vacations overseas, & I think the best way is to relax (by pool or beach) 50% of the time & do day trips & nightlife the other 50%. 1 or 2 weeks isn't a real vacation IMO. Not enough time to relax & enjoy. Plus jet lag for overseas vacs will eat up time. Cruises can be fun, but with Covid I would pass. Plus there are crowds on most ships. Too many buffets. Road trips are the best. I hate schedules, but being retired, Easy to say.
    3
  42897.  @MichaelBordenaro  I hear that!!!...It's a lot of driving from the East coast. Enjoy yourself!!!
    3
  42898. Much respect to Scotty Kilmer, as usual, you are right on point. Greetings to your Mom and Dad, it is great to see Him walk along with you ! 2 years ago, we had to sell a Tesla model "S" in Palm beach county, and we were delighted to get 36 K for it, but it had over 120 K "invested" in it ! and was TWO years old then !
    3
  42899. income wasn't that bad at that time, 70k - think that banks were still in " panic mode " after 2008
    3
  42900. So true. The cost is crazy, buy a house is nearly impossible, and the pay for all (professionals included) is super low. Miami is lopsided when it comes to pay in comparison to other major cities.
    3
  42901. I love this guy he’s cool 😎 as hell 👍
    3
  42902. 6:05 [googled it] 15.5% of Americans earned between $100,000 and $149,999. about 8.3% of the population earned between $150,000 and $199,999
    3
  42903. One of your best videos ever
    3
  42904. The coordinated effort will be people losing their jobs….sorry
    3
  42905.  @MichaelBordenaro  it seems like a lot of people don't. But I think I'll pass on the giant flying roaches .for now as well as the exorbitant rental prices!!!!!
    3
  42906. I live in Florida and like your videos and I just got into the real estate industry last year. Could you make more videos on this topic I have watched the current ones. Thanks
    3
  42907. Where was Thor’s hammer?
    3
  42908. In 2005, Hurricane Wilma hit South Florida. There was an area in the City of Homestead that was advised that they did not need flood insurance. Guess what? They ended up flooding. I believe in over 60-80% in Florida should have flood insurance.
    3
  42909. EV cars is such a government scam. Get a hybrid Prius and an E-bike … unless you have 60k plus to flush down the drain, perfect year round weather and hours and hours to change it up.
    3
  42910. I live am an Los Angeles Native and I see or hear no lies! Also love Miami and vist very often! Love this review!
    3
  42911. Thanks for another great video!
    3
  42912. what made you pick Miami over Orlando?
    3
  42913. You should also ask for the condo financial statements
    3
  42914. I still don’t see any join button next to Subscribe or anywhere
    3
  42915.  @MichaelBordenaro  Since I have Youtube Premium acct, paying with USA credit card. I will check where is it registered 🤝
    3
  42916. Here's one for you I'm in Redding California. So there going to increase our utilities city trash sewer and water by 30 percent over 5yr. Now we as utility pays can protest vote against the increase. The catch is there's gotta be 50 percent+1 to stop it here in Redding there are 40000 customer more or less meaning there needs to be 20001 people on written protest to stop it. As per proposition 218 voted in 1996. So be worn if moving to California.
    3
  42917. You got to made, wish I was there my self to enjoy the Ocean!!!!
    3
  42918. Short sales let's goooo
    3
  42919. That red tide sign is the same sign that was at the beach when I went to Grandpa's so I guess you have to figure it out yourself if there is any present. I learned when I was down there that the way to tell is if it smells really fishy and when you're down by the beach if you start coughing or sneezing and you weren't before that's a good sign it's there.
    3
  42920. To help out our country economically. The government needs to notify the other countries that they are not going to be getting the money promised to them from the US and we need to tell the American people that we are not going to pay any money towards your student loan debt because of the status of the economy And We lost our independence as a country. Thanks to Bill Clinton and his actions in making way for the US to be part of the global economy, and Thanks to Obama who tried to collapse the economy by his spending by getting American in to 21 trillion dollars of debt and Joe Biden for the collapse of our economy. All in the name of Greed, power and control
    3
  42921. Yes, from my cold city that was raining earlier today. It is trying to give a little sun light. Little! Sun light. Hahaha.
    3
  42922.  @MichaelBordenaro  Well, it is really sunny in the afternoon now and about 41 degrees this afternoon. A little better than cold cold!
    3
  42923. I'm not willing to move to the west, however, I might be willing to move from NYC to NJ, I could buy an apt that in new york would be several times the price vs NJ, and being even worse that the ones in NJ. So We'll see, thanks as always for your videos, speaking of which, they are kind of relaxing too while you are walking through those beautiful neighborhoods.
    3
  42924.  @MichaelBordenaro  low inventory though. Remember?
    3
  42925. Idon't feel any sympathy to home owners when I look over your sholder and see the VERY VALUE cars in the driveways! Really rich people don't act like Realy Rich people!!!!!!!!!!!!!
    3
  42926. rate gonna have to be at least 6 to 10% to adjust Fed rate and inflation!
    3
  42927. I went there with my kids in 2019 it is really awesome! we got there sort of late so we mostly walked on flat ground and never got to the trails that start going upward so it was nice to see what we missed!
    3
  42928. very nicely done. Thanks for sharing the milestone.
    3
  42929. Consider Moving to St George, UT if you like mountains and nature
    3
  42930.  @MichaelBordenaro  condo fees in our building (recently fully remodeled and updated) include water, electricity, hot water, ac and basic cable. Beside the rent we only pay for internet. A lot of people have a landline too because cellphone reception in the building is non-existent but we use wifi calling.
    3
  42931. 9th
    3
  42932. I’m an investor in Blackstone and it’s producing positive returns unlike the stock market. It’s actually doing very well and is a good long term investment…Yes, we knew limits on redemption. Keep in mind they are constantly buying and selling and rebalancing the fund. They are professionals. They have much more expertise in this than any of us. I think you are speculating.
    3
  42933. I think that they wanted to make some money and sell after a year for the long term gain taxes.
    3
  42934. 15k per month mortgage payment it’s insane 😂 . I would like to see nice neighborhoods 300-500к 30-40min outside Miami. Thanks
    3
  42935. It looks like that last Halloween display could have been for Dia de Los Muertos...keep up the great work!
    3
  42936. I can't fathom the fact everyone on that boat wore their mask during that heat. I could only last 1 minute outdoors with a mask at the space center :O
    3
  42937. Yes he is!😍☺️
    3
  42938. I thought it's very helpful . Me ,not to good at shoping online ! I like to try !! THanks ,Madrue Teele
    3
  42939. Great video! So validating. :-)
    3
  42940. Texas is -3 today
    3
  42941. there was a video out there I saw where it was a letter in 2018 where there was some structural repairs that were supposed to be made that I don't think we're made
    3
  42942. It just occurred to me I haven’t been to Belvidere in over twenty years (I’m from Wisconsin). Nice place. I’ve heard of the tornado you mention. Great video! Beautiful memories. Subscribed.
    3
  42943. Hi Mike, great video, houses were good priced, also what city is the beach cottage in, if you don't mind me asking. thank you . Also I have relatives in Orange Park & Venice , Fl. Thank you ! 👍
    3
  42944. Florida has tropical water
    3
  42945. Congratulations!
    3
  42946. Greetings from Costa Rica and Panama. Being a veteran, and a veteran's advocate. It appears that veterans cannot even get their foot in the door, relating to Miami home purchases and rental pricing! Are there even real-estate agents that have the expertise with VA Home Loans in Miami?
    3
  42947. Thank you so much!!🙏 I love my babe and love supporting him in whatever he decides to do!😍🤍
    3
  42948. It's also the winter . Here in southeast Wisconsin rates being slightly down is normal; nobody wants to look or move in single digits or sub zero temperatures.
    3
  42949. Thousand steps beach is cool in Cali. An unpopular place to visit. Nice and clean. I live here and not leaving until I retire but not sure my next destination.
    3
  42950.  @MichaelBordenaro  Laguna beach. You'll enjoy the visit.
    3
  42951. The sand from where you just stood is being sold by the bottle for a lot of $$
    3
  42952. What is the average percent for property taxes in Florida? I'm interested in the greater Orlando area.
    3
  42953. Do not buy a house ppl…don’t believe these grifters…wait one year. Your welcome.
    3
  42954. If folks have a lot of money but they need a tax write off list your house for rent at $80,000 a month and that will help with your Tax write off. Just guessing
    3
  42955. I’m following a page on Facebook where people go on and ask Random Questions about Moving to Florida. I keep posting your name. Opinions can vary and some questions are so open ended. People really want to go to FL. Some don’t plan well. They stay in extended hotels until they find something. People are fleeing with the shirts on their backs. So to speak. I get how they feel but I’ve made moves like that and it’s not a good time. The next lockdown is coming. That’s a Fact which is pushing ppl to under plan.
    3
  42956. Lakeland, Lake Whales
    3
  42957. Gas just went up .15 in my area in One Week! (3.75 per gallon) It will be over $4.00 very soon.. Inflation is still increasing, high insurance, higher interest rates, unemployment, war in Ukraine.. No good news. Crash is coming
    3
  42958. Hey Mike another great post. Lots of great advice on the corrupt Real Estate market, and their schemes to keep the prices too high by lowering Fico scores, down payments, so anyone can get a mortgage. The IQ's and Fico scores keep getting lowered to nothing. Till the house of cards collapse, and it will.
    3
  42959. You look like Eric Whitacre in that thumbnail.
    3
  42960. what does he mean if the recession hits. we've had two quarters of negative growth. we're in a recession now.
    3
  42961. Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers to the practice of renting out a portion of your home or an entire property for an additional stream of income.
    3
  42962. Hiiiii Carlossss!!!🤗🤗🤗 Happy Monday!!!😎 Missing them like crazy, especially when my clients are always sending pictures and videos of them saying they are missing me!🥹🥰
    3
  42963. Love the office space reference on the video title pic
    3
  42964. Do you assist with finding rental's as well? I am thinking of moving at the end of the year, not interested in buying,
    3
  42965. Love that area...
    3
  42966. The audio is a little delayed and muffled.
    3
  42967. Florida needs Snowbirds and Iguanas.
    3
  42968. Great video as always! Unfortunately I don't have a relevant comment at this time. Hopefully in your next video!
    3
  42969. Thanks Michael appreciate it
    3
  42970. Great info! This is such a great, helpful channel. Thank you!
    3
  42971. These waves seem kind of small. Is it just a quiet day?
    3
  42972. I'm not making this comment to bash my Ex. We needed to sell in 2007. One person needs to take action. My Ex listened to me when I told him we need to take the offer, then another better offer came in. He didn't know what to do so I told the agent yes. Then 2008 came and CRASH!
    3
  42973. Saw the headline and acted right away … didn’t even need to see the video …. Signed on a house
    3
  42974. Hey you in short shits, it cold in the DFW tx area, 15 degree. Thanks for what you do.
    3
  42975. Really interested in what’s happening with Floridas insurance industry.
    3
  42976. I suppose it's affordable for yourself, I bring home about 4,500 a month so for me it just not doable. Congrats on your new home 🏡!
    3
  42977. Hi Michael I'm Domenico I'm from Geelong Victoria Australia the most locked up country in the world ATM I'm strongly thinking of leaving Australia they have treated us like dogs . where in Miami would you recommend is a good starting point to get a house not to far away from the water and nightlife area I wouldn't mind 20min travel
    3
  42978.  @MichaelBordenaro  thankyou for your feedback much appreciated.
    3
  42979. We were there last month. I LOVE that neighborhood. It’s probably where we’ll buy a house eventually.
    3
  42980. That's great info.
    3
  42981. Michael, another great video !...Do you think Fla. real estate will become even more affordable over time ? I saw a video yesterday that suggested Fla. condo prices are on a down trend , avg. listing price in the 700's and actual sale prices in the low 500's.....Have you observed this in your Real Estate business ?..........Thank you very much..........Godspeed.......
    3
  42982. Excellent video Michael.
    3
  42983. If you can afford it you should consider a one wheel. I watch another Realestate agent on Maui that uses it and he can do several miles in a 1/2 video. Just a thought. I love your walking videos. Thank you.
    3
  42984. I’m looking in the St. Pete area- I looking for 2 B 2 B. Am I smarter to buy something rather than rent?
    3
  42985. Waiting for the big correction here in Las Vegas....so overvalued.....and the water issues
    3
  42986. Good morning Michael, go visit Rainbow Springs. You will love it
    3
  42987. Yeah, lot's of inventory but what kind of inventory? A fixer upper is really different from a well maintained house. Or a storm damaged house.
    3
  42988. Moving to Florida from Washington DC was the best decision I made. Great weather, less taxes to pay and beautiful beaches😃
    3
  42989. Where I live, a rental for a 4 bed 2 bath went up for rent at $4,100. Deposit is 2x the rent. Has a pool. Has yard maintenance. Renters are responsible for paying pool and yard maintenance on top of rent. Heloc itself isn't bad. It's how you use it. Most people though use it irresponsibly. Just like most people have lived beyond their means and are heavily struggling now and don't want to hear about their fiscal irresponsible nature.
    3
  42990. Loved the twist!
    3
  42991. Is it legal to drink alcohol on the beach in Florida? If not do the cops enforce it?
    3
  42992.  @MichaelBordenaro  Ate at Prime 112 at least 5 times. Always had an excellent experience.
    3
  42993. 😯
    3
  42994. Thank you for answering some of our questions! Now to think of it, I should of known your answer but you’re such an expert on Miami that I had to ask. 😆 It really depends on the industry. Also great scenery in this video, looks amazing! 😎🌞
    3
  42995. That's only on the weekends that they have the sunset party.
    3
  42996.  @MichaelBordenaro  Me too Fingers crossed!
    3
  42997. I’m Thinking of visiting California in fall but it’s hard to pick what parts to stay in in Southern California. I wanna see Orange County, LA but I also wanna see San Diego. What would you recommend where to stay that is safe for a vacation? I love hiking and beach and some City life that’s my main focus and I plan to stay for a about a week. Any recommendations?
    3
  42998.  @MichaelBordenaro  ok 😲 thanks for getting back to me! I appreciate it!
    3
  42999. Wanna know why your house and car and college education and healthcare are all so unaffordable? Government subsidized loans. Get the government out of the economy and things would be affordable for the average person again. But they aren’t gonna do that cause it’s making the people at the top filthy stinkin rich.
    3
  43000. I liked the vide, but I did not like the information about killing the ducks. Nature makes the park beautiful.
    3
  43001. You are doing a great job. I really appreciate your videos. You keep talking you have a great voice.
    3
  43002. I watch you because you speak the truth, thank you
    3
  43003. Life Should be like The Brady Bunch Remember how Good it was back then?
    3
  43004. Love them cicadas!!! Hate that muggy heat 🥵🥵 You two dudes would be fun to get TexMex with🌮😎👍
    3
  43005.  @MichaelBordenaro  I think you have made quite a life for yourself already at such a young age and you probably have helped a lot of people from your YouTube career. So don't be so hard on yourself and be proud of your accomplishments Michael. You know I'm a big fan/supporter of your work.
    3
  43006. I think you’re way off on what you’re saying about house prices not coming down to 2016 prices. I believe it will.
    3
  43007. So beautiful, thank you for this nice video.
    3
  43008. Well done, I hope you had a jacket on!!!! and a life jacket!
    3
  43009. Keep making more videos about Florida. All your videos are awesome.😊😊😊
    3
  43010. You know what might be helpful for your viewers? Expand on your beach reviews with reviews of other categories like hotels, neighborhoods, entertainment, restaurants, etc.
    3
  43011. Michael love your video clips very interesting and informative. One thing thing that bothers me a little is when you use “ no more” instead of “ any more”. i.e. “ They won’t take it no more”, should be “ They won’t take it ANY more. Movie “ Alice doesn’t live here anymore”, not “ Alice doesn’t live here no more” other than that, you’re doing great. Keep up the good work😊.
    3
  43012. Check his Comunity post 😉
    3
  43013. Definitely some thought provoking prospectives. I’m a product of my parent’s mindset that purchasing a home is for shelter first and as an investment over time. With that in mind, I was able to find a decent home well under 100k when the real estate ebbed 10+ years ago. It took quite a bit of discipline to pay my note off early and the feeling of security that I only have to come up with the annual property tax “blood money” come November is priceless.
    3
  43014. I've been all over the world. I'm actually moving to Brazil once the markets dump. Probably to SEA when I hit 50 or so. Brazil is a great place to live if you are single, have dollars, and can handle the petty crime and beurocracy. Its also a huge country, theres a ton out there for what you want. The South is much safer than the North. Moving to Brazil as an expat is like expat on hard mode though lol. Which is good, keeps the fellow gringos out. Brazil is a terrible place though if you are a materialist, they essentially do what America does with the corporatocracy, but they keep it local with insane import taxes, so all the products are expensive and crappy.
    3
  43015.  @MichaelBordenaro  I know we are looking for the right one here, many homes in the Punta Gorda Isles are on canals with boat docks are affordable and have original terrazzo floors ! If you are looking for an investment property for yourself you might find it here too.
    3
  43016.  @MichaelBordenaro  Thank you so much for your reply. Do you have any thoughts about Bradenton? I know that's pretty close to Sarasota. Do you think Port Charlotte and Punta Gorda would be a mistake? I've read in a few places that it is mostly retirees. I've considered Ft Lauderdale, but housing looks really expensive there, from what i've seen so far.
    3
  43017.  @MichaelBordenaro  And what is the vibe of Port St Lucie like?
    3
  43018.  @MichaelBordenaro  thank you again! I would consider a condo if the HOA fees were no more than 200 a month.. but most I've seen are much higher. I'd need a 2 bedroom for my daughter and I, and we have 3 dogs so that would have to be allowed too. I wish prices hadn't skyrocketed for FL housing in the last decade. 😕
    3
  43019.  @MichaelBordenaro  I look forward to it! Thanks again for all of your input!
    3
  43020. Beautiful sunset video
    3
  43021. Buy bitcoin to offset inflation.
    3
  43022.  @MichaelBordenaro  Actually there are some towns where growth is regulated. We've made the decision to live 6 months in N.C and 6 months Fla. Michael good luck in finding that happy place to live in Fla.
    3
  43023. Love your videos. Always learning something. ✌️😊 With the ways things are going… it looks like we’ll be working… FOREVER 😵‍💫 * God forbid an assisted living facility! I know someone who is in their 30s that was transferred from the hospital to a facility last year for 1 week. They actually got worse and had to be readmitted to a hospital. 😡 I’ve given instructions to use a pillow if I ever have to be sent to one of those places…. Jmo 🤷‍♀️
    3
  43024. As a Floridian I agree that the Pacific Beach is not as awesome as the Atlantic Beach.
    3
  43025. It’s about Florida for me. I wouldn’t even be watching this video if it wasn’t south Florida....
    3
  43026. Did black rock buy a company to consume more single families
    3
  43027. life guard stations are nice! Is each station a different design?
    3
  43028. FL "Hometown Heroes" is a program created strictly to bring in teachers, nurses, police, firefighters, etc. IOW, it is a way to attract the helping professions to FL that otherwise would not ordinarily be able to afford to buy a home here. IOW, a win-win situation, allegedly.
    3
  43029. Well, if you didnt have the Youtube channel (which I like a lot u do a good job), you might be begging for rates to go down or no real-estate sales - how do u survive?
    3
  43030. I appreciate this R/E Video. Could you please make one on the cheapest houses closest to the east coast beaches in Florida?
    3
  43031. Lol this is just Miami Beach. West Miami Hialeah south Miami gets nasty
    3
  43032. been waiting for this!!!!!! YES!
    3
  43033. Congratulations 🎊 on five years. I just celebrated five years at my job and as a treat this weekend I am making beef wellington as a well deserved treat. 🍻 👏 cheers to you sir. Love your channel and definitely a subscriber for life. Enjoy your weekend and that prime rib!
    3
  43034. Very beautiful terrain! Thank you for sharing :)
    3
  43035. You're absolutely right you said that months ago that even if there's a hurricane people soon forget and they come back two- fold to buy a home. My daughter and her husband's home was destroyed in the hurricane they live in Port Charlotte Florida and when they moved there six months ago she couldn't believe all the different languages so many different foreigners that are out there buying homes she felt strange going to Hobby lobby or different stores they were all foreign. So that's what's probably happening foreigners don't care they just come in and buy and you're right the homes are getting more expensive and they're building codes are getting tougher. But also flood insurance home insurance is really going up.
    3
  43036. Been looking at Tulsa Suburbs recently and might buy there and wait for Florida to chill. Especially the home insurance crisis that’s happening right now. The end of your video is key, it’s going to be a combination of factors. Just like a combination of factors lead to a bubble, the same goes for popping it. Study 07 and you’ll see it was the mortgage backed securities, it was unqualified buyers, it was the arm loans, it was the dot com bubble, it was overbuilding, it was 9/11, it was regulatory failure, it was greed and corruption, it was lies, it was low interest rates, it was speculation, it was an inflated economy, and on and on and on which converged at the same time.
    3
  43037. Who do you think makes up these fake numbers? The gov't and they wouldn't lie for midterms, would they? So let the believers believe what they want. But you can believe this hard reality that happen this week. Oh yeah FBI boy's Meta verse tanked over $30 dollars cha-ching. That boy's lost over a trillion dollars just by seating on his back pockets. Man, hes got some brain cells.
    3
  43038. ,,, I want to buy a nice home for $200k. It means apsolutly "NOTHING", it's just words.They never intended to buy anyway. NOTE: the surge in hiering is being driven by Low Paying Jobs, ,, restaurants, service jobs, etc. Look at the bigger picture 🖼️.
    3
  43039. 4:40 The cost of raising a child in the US today is $233,610.00 (about the same cost to get a college education or buy a home).
    3
  43040. Pretty sure it’s over 300k now. We spent 60,000$ on daycare until my son hit kg.
    3
  43041. Those classic cars deserve a garage. At least a carport. What’s the world coming to?
    3
  43042. Nice work Michael 🤙 Prices are nuts. Not much is making sense...
    3
  43043. Michael Bordenaro I hear ya. Check out Atlantic Towers in Fort Lauderdale. Was 55+ No longer. Currently can’t lease but they are in the process of changing that. Will be on next ballot. I scored a studio for $115k Across from beach 🤙
    3
  43044. Michael Bordenaro I think in the next month or so I’ll shoot you an email with some of the details of the lady who is spearheading it.
    3
  43045. I'm thinking house boat 😅
    3
  43046. Gorgeous sand, water, sky and no one on the beach?
    3
  43047. Kids can't afford the cost of a v p n so I think the tiktok ban may be worth the try
    3
  43048. Ebay Scam. Second example happened to me. Ebay sided with me and I gave the buyer the middle finger.
    3
  43049. Great job Michael on the Q&A which we were recommending you do a coupla months ago (once a week would be great) .. also to bring back your sweet wife Lisi for a Christmas Cameo ..😊
    3
  43050. Who should not move to Florida? People who don't like the following: 1. Hot & humid weather 2. Hurricanes 🌀 3. Swamp 4. Bugs, mosquitoes 5. Flooding 6. Heavy rain 7. Mold 8. Allergies 9. AC 24/7 all year 10. Low pay jobs
    3
  43051. The markets are correcting themselves! Have faith in God! 🕉
    3
  43052. These Zillow listings are so annoying can these a$$holes just buy treasuries ?
    3
  43053. These investment banking clowns have been subtly threatening to crash the market if Powell dared raise rates. I guess he's not as terrified of them as they thought. They had 20 years of this free money party. They should have savored the moment.
    3
  43054. Solid content 💯💯💯
    3
  43055. Maybe it a stalled car, it looked like the car was further out into the lane than the cop.. I know what you mean though👍
    3
  43056. Punta Gorda please 😁
    3
  43057. Prime Rib! Yum!
    3
  43058. Just south of Clearwater, the beaches are much nicer than Honeymoon Is. I’ve lived here four years and this is the second time we’ve had red tide. I think the million of gallons of contaminated water they dumped from Piney Point a few months ago, really made it worse this year. To me, the traffic is already bad, can’t imagine living in Miami.
    3
  43059. nicely done!
    3
  43060. Very nice drive, I’ll stay away from an area where spring breakers go.
    3
  43061. Construction costs is what will keep costs up
    3
  43062. Glad to hear about your plans to video towns more in depth. Look forward to them.
    3
  43063. Thinking about Fort Lauderdale, or Orlando
    3
  43064. Michael Bordenaro I’d like to be somewhat close to beaches and a nice peaceful area. Driving distance from miami to mingle with the music crowd but far away enough to not be absorbed in the party life. Somewhere with plenty of work and opportunity for musicians to perform
    3
  43065. Michael Bordenaro thanks alot man I appreciate your feedback!
    3
  43066. I enjoy your videos man. Don’t stop! 🤙🏽🤙🏽
    3
  43067. With currencies losing all their value and massive amounts of money that gets printed by the Fed, I would suggest people look into investing into Bitcoin and other Cryptos. Dont say nobody told you in the future.
    3
  43068. How can you double the asking price of a house for less than 2 years? I bet all these speculators who bought with a huge loan and have ongoing expenses will break and sell back at loss or break even. I wouldn’t buy a house from a arrogant flipper asking double.
    3
  43069. Another Great video full of useable intel.........Michael, you should think about getting a CFP certification ( Certified Financial Planner).....Thank you........
    3
  43070. Informative video Michael thanks! We are considering rental properties now but skeptical due to the market conditions and overall economy. The only real benefit to the 401K are its tax advantages and many employers match contributions. I also invest outside that thru brokerages, stocks, ETF's , where I have more control.
    3
  43071. Like the shirt!
    3
  43072. Wasn't it too hard not to talk Michael ? ^^ Great content as usual !
    3
  43073. I hear those flip flops l0l
    3
  43074. Thank you for showing us different scenery
    3
  43075. I just found you now. Wow. Excellent. We live near Sebastian Inlet, and the rental prices are crazy.
    3
  43076. I'm moving there in about a year and a half and am compiling a list of possible cities. This helped so much
    3
  43077.  @MichaelBordenaro  Me too! I calculated how much rent me and my roommates would have paid in total for the whole 4 years we've here and yeah.. almost $90k 😭😭😭
    3
  43078. Barely anyone were buying houses in 2023. No one will be buying in 2024. Hope the Fed holds tight and keeps the rate above 5.
    3
  43079. wow! super expensive, i just need a job that would pay me at least twice as much (or 3times) to afford the rent ! 😱 but im not going to lie.... if i could afford it i would probably buy me one of those apartments.... i got kids so i can't just rent one out and get a roommate. my kids are my roommates 😂. 🤷🏻‍♀️
    3
  43080. Fountain is beautiful is in Bay county 45 minutes to Panama city and 25 minutes to Dothan Alabama driving on 231
    3
  43081. New subscriber.
    3
  43082. We have around a year until we will be trying to get down there ,hopefully things will get better .looking to be around Parkland. You haven't done any videos from around there yet .its a bit more inland, so hoping it's a more fruitful area,for buyers .
    3
  43083. 10 more years
    3
  43084. You’re becoming famous🙂! Nice job Michael!
    3
  43085. Karen , I felt every word you wrote here . 🧡💛💚💙
    3
  43086.  @MichaelBordenaro  in
    3
  43087. Agree on consumer sentiment. Even if you make amazing $ you are probably scared to commit to any long term commitment like a home. No one knows if they will have a job day to day.
    3
  43088. Well, if they keep jacking the rent prices, honestly, I won't have enough money to put a side to save for a down payment, like during those 4 years nothing is going to happen in my life, no car breaking down, a hospital bill, some emergency.... in a few words, "life".
    3
  43089. That construction worker's at 06:11 clothes are way too clean especially when he's wearing all black and doing drywall. You better inspect his work Michael. LOL
    3
  43090. Hello Michael! Change of plans after Surfside collapse - rather than two weeks back in Aruba over Christmas, my daughter wants to go to NMB to spend our tourist dollars to give back to that Community. If we find a sweet beach bungalow to rent and she totally loves it, I may need your help for the long term in that area.
    3
  43091. Can you do a tour of north bay road. I hear there’s some interesting properties there. Great Video 👍
    3
  43092. Hi Michael the beach is empty are the rich people to old go on the beach
    3
  43093. That Peacock segway was cute.
    3
  43094. That’s it‼️This was the plan all along,bringing down the standard of living in America ! Unfortunately That’s not a way to learn how to cut back! No amount of cutting back will help in a long run because the money is there but is being thrown at projects that does not help the economy and that’s sad !! U.S is the the richest country in the world citizens shouldn’t be under these kind of stress!! I wish tightening our belts was the answer but unfortunately no one thinks that’s the answer for the economy! Weather people wanted or not they have no choice but eating less and spending less any way ! coming soon paying more taxes as well! People didn’t create this problem they shouldn’t be punished for it!❣️💔
    3
  43095. Even if I was working right now; I would only buy what I need. I've always splurged a little; once in a while. Other than that; I buy what I need and, put away cash in a lock box.
    3
  43096. I've sat in lots of title company continuing ed classes and heard story after story of wire transfer scams. Scary stuff for everyone involved. Always a good idea to check photo ID of the real estate agent that you might meet at a property, too.
    3
  43097. did you move to St.Augustine, Michael?
    3
  43098. HOA sucks a big ripoff. I'll be selling once the market rebounds and building on a 1/2 acer lot I bought in 2019 for $4500.00.
    3
  43099. 1st
    3
  43100. Will it be a good time soon to add an addition to a home? It seems like materials will go down in price soon. That is, for someone who has the cash to pay for it and doesn't need a loan. What do you think?
    3
  43101. 📝
    3
  43102. How much does the rent go for in the collapsed condo before collapse ? Thx
    3
  43103.  @MichaelBordenaro  thank you so much ! A lot of wealthy people live there ! So sad !!!
    3
  43104. Florida is pretty expensive, if you live in the middle of nowhere it’s probably cheap, anywhere you would want to be is pretty expensive
    3
  43105. Great video Michael... thank you. ..So condo is good option than a house against hurricane ??...I have question- which has better reselling value House or condo ?? If I live in a condo or a house for 2-3 years and I wanna sell condo or house which has better reselling value???? Thanks again..👍😀
    3
  43106. 4k a month if you own the condo and are working towards paying the condo off which is 48k a year vs 27,600 a year renting and you have no ownership and nothing to show for it but I get what you mean. Clearly you have the money just not wanting the headache maybe
    3
  43107.  @MichaelBordenaro  Either way I enjoy your videos and they are very helpful thank you for taking the time!
    3
  43108. Dude, Metallica is my favorite band too. But $1100 for 2 tickets!? No f way.
    3
  43109. HOLY SH1T ... I thought my condo fees were bad ... I wish condo fees could be written off, I would consider staying in one.
    3
  43110. Welcome to the club.
    3
  43111. please please tell me why its worth living in miami if you want it cooler? certainly its nothing as simple as girls right? who cares about that once you get past 28, so i HIGHLY doubt homeboy is about that. maybe its more fun if i dont know
    3
  43112. I Allegedly already made a video like this, very strange to watch a reenactment of it in your own version.
    3
  43113. Maybe you could interview other transplants to Florida in one of your videos and hear about their decision making process. I don't want to be interviewed! But I moved to Jacksonville when I was 41 yrs old. I am a single female and I quit my job of 20 yrs , packed my car and drove here alone from Oklahoma where I had lived my entire life. I found a job when I moved here and I am now a retired 66 year old. I love the warm weather and blue skies!! It was so very hard moving here alone where I didn't know anybody but the best decision for me!! I enjoy your videos.
    3
  43114. 👍
    3
  43115. If memory serves me right, the tornado hit belvidere in 1967?
    3
  43116. My Dad worked at Chrysler, at that time, 2nd shift. I was in 7th grade, and I remember the devastation of that darn twister.
    3
  43117. The plan is buying votes for Biden by giving away free money. This is part of Bidenomics. Stimulate the present economy with even more debts. The bill will be paid in the future. This is printing money like crazy all over again.
    3
  43118. If you read Stephen King, there’s a neat excerpt about mobile homes in his book Salems lot.
    3
  43119. It's worth every second never miss a video LOVE THE WALKS ! THANKS!
    3
  43120. Patience is the name of this game
    3
  43121. 1
    3
  43122. Give me CA geography, variety, and weather, with Florida politics. CA is a virtue signaling, hypocritical state, under the guise of "progressive" and "caring", when in reality it's tyrannical control. Do as I say, not as I do.
    3
  43123.  @MichaelBordenaro  Completely agree!
    3
  43124. People keep buying beyond their means....
    3
  43125. When I was in high school in Ocala in the 70's, this was our weekend party spot. Heck we got banned from every hotel on the strip. You know when you see teenagers carrying huge stereo speakers up to their room a party was about to happen.
    3
  43126. You do such great job! I’ll always follow your vids
    3
  43127. I've lived in that area all my life and I'm not surprised this building went down. I've seen buildings in that neighborhood that the cement columns have years of corrosion. Our inspection policies need to be reviewed, this building could have been saved. So sad...
    3
  43128.  @MichaelBordenaro  thanks Mike
    3
  43129. A person can be charged $20 to $80 a day for their incarceration, Hawaii is the only state that doesn't do this. Now whether or not they sue you for it is another matter.
    3
  43130. The problem is corporations , that is what's really running the country , the globalists , always great info and videos
    3
  43131. the audio windy noise is too loud. my house monthly $3500 payment included utilities, taxes, hoa.
    3
  43132. I know your not a genie/ mind reader but how about 6-10 years when I'll be ready to move/retire there?
    3
  43133.  @MichaelBordenaro  thanks... Your the one guy/you tuber I rely on the most!
    3
  43134. Regarding the housing market not being like the stock market, I would have to agree with you and disagree with you at the same time, let me explain: The housing market WAS not like the stock market at any other time in history. I agree with you there. Where I disagree with you is that today, the housing market is becoming more and more like the stock market and will continue to do so as our world moves faster and technology increases. Today, if you want to research a stock, you can pull up a plethora of information on that company in minutes, and this is been the case for some time. During the last real estate boom and bust in 2008, we did not have so much real estate information readily available at our fingertips like we do today. We didn't have the resources and products that are available today. It is this availability of information and resources that has contributed to such volatility – the Fed rate increases further adds to it, but things didn't move this fast back in the 1980s and they raise rates a lot faster than today. The real estate boom during the pandemic occurred way faster than the previous boom 15 years ago. The bust will occur just as fast and we will see an ever-increasing speed of insane volatility in all assets moving forward. We used to have a 24 hour news cycle, now we have a 24 minute cycle. It used to take a week or 2 to order something online, now we complain if it takes more than 2 days thanks to Amazon. People are surprised at how slow this crash is moving… 15 years ago nobody was saying such things.
    3
  43135. I think the only difference between the Titanic a lot of your viewers Michael is that they had a band.....
    3
  43136. I am hoping the interest rates go much higher!
    3
  43137. Thanks to your videos people can have a better idea which area to move to in Florida 😊
    3
  43138. This will be my first Hurricane.
    3
  43139. I thought I had problems
    3
  43140. I want to move from pa but I'm not sure about jobs
    3
  43141.  @MichaelBordenaro  do you know anything about Tampa? I heard it's full of Walmart trash and ex mobsters
    3
  43142. You should add coconut oil and grass fed butter to your coffee tablespoon each. Bullet proof coffee.
    3
  43143. Thanks
    3
  43144. Now that every city has opened up I predict Miami will lose some of the novelty it once had. It being one of the only big cities that pushed against the lock downs will soon be a forgotten past to many.
    3
  43145. Thanks for saying 20 to 25% increase
    3
  43146. 🤦‍♂️ It’s over.
    3
  43147. I’m closing on my winter Florida house this weekend. As you know Chicago winters are brutal.
    3
  43148. Well said. Just look for a "Great Opportunity". Rents will always go up in the next XXX amount of years.
    3
  43149. Census data , like nearly all government data, has no correlation to reality
    3
  43150. Absolutely. I feel the same way.😊 It makes you appreciate home. But, I find staying in one place is better than moving around a lot. Enjoy LA and the beach 🏖
    3
  43151. Wow, gorgeous!
    3
  43152. Sell everything and buy silver. And let'em sue.
    3
  43153. ICON in Texas and Mighty Homes in Calif. are two 3 D printed homes. But they exist worldwide!
    3
  43154. 15:35- Hillary's shaggy wagon,🇺🇸
    3
  43155. Michael, are you able to make a walk through of the damage done by Hurricane Ian?
    3
  43156. Hello Dad 😄
    3
  43157. Ya Mike you are right about the traffic.. I heard in the tourist times it gets like the 405 freeway here in LA.
    3
  43158. I like a 401k long as there is a match. Otherwise no dice. Now in my early 50’s and am only making Roth contributions at this point. Ideally, I should be able to retire early in a few years and play the Roth conversion game to cover my healthcare. Its all scams and I have been fortunate so far. I may get laid off but not sweating it this time. I got the experience in 1994 and it was stressing. No more. I’ll just sleep in and enjoy my life up in the Sandia Foothills.
    3
  43159. I’ve been seeing foreclosures like this for a while, I don’t understand why they are still trying to sell it for so much money
    3
  43160. Its called Breaking & Entering Micheal - its not Legal ! Now the Police might not want to enforce it but that does not make it any more legal. I have heard of Banks making a decision to let " House sitters " live there for a return of upkeeping the property. 25 years though ? Where is that at ? In my State they give the home owners a chance to draw out the length of the mortgage to reduce the monthly payments. If you still fall behind those people will get kicked out by eviction or whatever means necessary. Getting away with crimes look at the previous 4 years under a certain President ! He sets the tone ! Lawlessness will stop once they start putting the criminals in PRISON !
    3
  43161. Thanks for sharing Miami traffic. I moved to the boondocks of WV to avoid traffic and overcrowding like this. My stress levels would rise to a point where suppressing my road rage would be an issue...lol
    3
  43162.  @MichaelBordenaro  I'm not sure how you could live there in a condo with a nice vintage Camaro and an amp to play with for the neighbors.. I also had a 1998 Z/28, and still have rolls of silver eagles.
    3
  43163. Acworth-GA.. 1200sqft house is on market for 330K, last sold 4 years ago 195K. Today is the first open house day and i saw 10+ cars checking the house.. i dont think they caan sell for this price.. the bigger houses sold for 325K, this one perhaps can go below 300K.. and with these mortgage rates, who buys these houses ?
    3
  43164. I totally goofed up my spending. I’m learning from people like your viewers and you.
    3
  43165. If you're an attractive single male, you can live for FREE in the "Villages"; 3 women to every man...
    3
  43166. Hello Michael your videos are really informative and as a single mom with a kid moving to Miami I find your videos very helpful. Are there any recommendations on best walkable neighbor hoods in North Miami Beach? I am also considering coconut grove which do you think is better for families North Miami Beach or Coconut grove? I like to walk with my daughter to cafes schools parks etc.
    3
  43167. Was hoping that it would? Considering the fact that trying to survive on a weeks worth of groceries is expensive as it is? lol
    3
  43168. Audio sounds great!
    3
  43169. One of my favorite parts of your channel is trying to figure out what neighborhood you are taking your daily walks in. I said to my husband it looks like you are near my old (well new now since it was rebuilt) High School.. Go Beach High Class of 75 "the best alive"...LOl... anyway I was right, since you did mention it... not always easy to figure out where you are since so many of the homes have been torn down and or have been renovated. My dad still lives down there in Bay Harbor so I still go down there a few times a yr. but it is still so much fun for me to watch you walk around in my old stomping grounds!!! :) And yes the rent is now crazy here where we are in Bradenton/Sarasota as you mentioned... Thankfully we own!!!
    3
  43170.  @MichaelBordenaro  Thanks! I'll keep you updated on what's going on and when i get there later this year 👍
    3
  43171. Just look at China. This has been a goal for decades. The moral point value system is insane there. Oh, playing too many videos games or participated in a protest? No money for you and we’re shutting down your access to internet and other goods. Plus, you don’t get access to loans, your purchasing power is reduced, and don’t you dare try to get around the system. That’s the dystopian future of CBDCs.
    3
  43172. I see your cameraman in the reflection. he he. You are going big now Michael. Do you need to hire a social media marketing manager? LOL
    3
  43173. I can’t believe how windy Florida is especially Miami it’s like mini Hurricanes in Los Angeles it’s windy after 4 pm till 4 am onshore winds but in Florida it’s 24 hours
    3
  43174. :38 OH GOD! So Playalinda beach looking coming up that boardwalk. Not sure if you went to my beach, but its Canaveral National Seashore and it costs 20$ to get in
    3
  43175.  @MichaelBordenaro  A little north of Palm Beach County. Been here for over ten years now and, fortunately, bought during the real estate crash in 2010.
    3
  43176. Great information. Recently subbed and glad I did. One of the best points for me was the inherent risks involved with partially-vacant homes. For that reason the best move will be to buy a condo to use for 3-4 months of the year and then (hopefully) upgrade to a home if and when I retire and move permanently.
    3
  43177. Well first of all this s a really important video for people thinking of making the move and the airbnb is a great idea,. Secondly congratulations on hitting 1 thousand prescribers, you deserve it. Your videos are the best. You guys are a great looking couple and take really good photos and lastly a very Happy Birthday. Hope you have a great day.
    3
  43178. Another great video 👍 Rainy or cloudy day videos are welcomed but stay safe🙂
    3
  43179. House pricing dropping back down to 2019 house pricing.
    3
  43180. Wow… corruption galore! Ponzi schemes and Monopoly games beyond words! Sad and Sick!!!
    3
  43181. we might want to add the deliberate depopulation going on into the mix when making our decisions
    3
  43182. I just got my house was listed for 345k. Open door owned. I gave then 260k. They agreed. House is built in 2018 was sold for 345k, they rented for 3 years and try to flip but no luck. The house was estimated by my loan bank for 345k in that area. So I think I got a deal. Even if it does drop another 30k. I am not missing much because its 2300sf and its price per sf $107 per st thts cheaper then to build one right now
    3
  43183. So lucky ! ^^
    3
  43184. nice video. I also live here on the same beach. Got a video podcast about living on the beach: https://www.youtube.com/watch?v=qBScrf8KPJg&t=1s
    3
  43185. Rare day to see you without glasses
    3
  43186. My how things have changed! If you're thinking about moving to Florida in July of 2020 there must be something wrong! We're mandatory mask-wearing mode in the Tampa Bay area. And our numbers I believe are the highest in the nation.
    3
  43187. How long have you been in the real estate business?
    3
  43188. @MichaelBordenaro  okay. I don't want to waste my time with a newbie. I'll continue to follow you. Thanks, Michael!
    3
  43189. How about cheap sunglasses for women who do suck? Wait, I think I read your title wrong. Haha
    3
  43190. 👍 He's a good guy
    3
  43191. Regarding London prices, the equivalent YT real estate presenter to Michael in the UK is someone like Charlie at @MovingHomewithCharlie. And on his livesteams with Alex (Housing Stig) you get some British humour thrown in, particularly if they've had a few glasses of wine beforehand.
    3
  43192. Michael Bordenaro ok thank you my friend
    3
  43193. Yes it may cost more to heat your home in the winter with a heat pump, however when we use natural gas it releases methane into the atmosphere & that oxygen nitrogen displacment with methane heats up the layer between the stratosphere & the earths surface called the troposphere, & the more methane we emit from natrual gas, petroleum, & even cow farts, the longer it takes to dissipate from the atmosphere, & that is roughly 10 years, & he more methane we use will make our summers longer, & even though its night in the summer it will not get as cool because the methane will not allow heat to dissapate, in turn global warming. It's kinda insane that people don't look @ the planet as a gigantic ecosystem because its so big, & it takes days by airplane or boat to get around it, but it is, & there is a extremely critical & important reason why these gases, oil & petroleum are trapped in the earth, its great we are uing them, & could be beneficial, but we as humans dont really know the true consequences, or they are not being told to the public like they should, so maybe the government has these programs not to scare people but to incentivize using electric heating, & cooking. Switching to electric is costly, but important because all it does is mitigate the volume of methane emissions, eventually reducing the cost overall over time because with demand in the electrical grid to heat & cool homes will also increase development & efficiency in the energy technologies used to generate & transfer electricity which will eventually reduce the costs overall. If we built more nuclear power plants, & wind farms it would make a significant improvement & reduce our reliability on fossil fuels.
    3
  43194. Watching this video and have a great idea that no one is doing What is the weather like for the last month So hey it's April it's been roughly this warm in the afternoon and evening and the water has been this cold or hot Is this normal or not normal for this time of year Should you come visit during this time of year A short video sech month but would really help those in cold parts of the country plan a weekend trip or something Thanks and keep the great content coming
    3
  43195. "Buyers the market is favoring you." Home prices are dropping and inventory is up. "Sellers don't be stubborn put that house on the market" And the winner are the banks. Why? Bc instead of sellers patiently waiting for the rates to go back down. They sell for less. And buyers thinking they're buying at a discount haven't compounded all the interest to be paid over the yrs
    3
  43196. Great video Michael! San Francisco is beautiful!!! Nice place too visit, too expensive to live there!!! 💕
    3
  43197. I was looking at homes in Sunny Isles. The beach there was amazing. Not a fan of south beach. lol
    3
  43198.  @MichaelBordenaro  I did find a 2 bed, 2 bath condo for 300k. ironically it was the same building we stayed in the day before our disney cruise. It was an air b&b/hotel or something. The problem I have in regards to properties down there are the HOA fees, pretty rediculous. The murder rate per 100k people in west palm is one of the highest in florida which is crazy.
    3
  43199. It's weird seeing the town I live in on YouTube 😄
    3
  43200. I agree I think rising interest only hurts the average folk who are first time home buyers. The BIG guys are just going to keep buying up whatever realestate there is and also don't forget about the foreign investors coming in with cash money buying too.
    3
  43201. Hey Good morning Michael . it's me Vinny. I wanted to catch you up on my buddy Dancin Dave the guy I think looks a bit like you? Anyway. I was just informed last week via text from him, Dave. He now is planning to move to South Florida but im not sure exactly where there. Maybe when he gets there and settled? I can make a trip there and have you two guys meet huh? It would also be an excuse for me to go there and see Florida myself and see some things that might be good for us old Italian guy's to take up... Like eating good foods. Sitting on a nice barista patio enjoying a nice cup of cappuccino then hitting the older type bar scene where a guy can enjoy a nice cocktail a cigar and nice jazz music? Anyway hope you are staying healthy and safe out there amid this covid stuff. Anyway I gotta run and take my mother to her doctors here. Have a great day. Ciao
    3
  43202. Nice video my friend. I think i ll rather get a house too. What do you think about the area of Miami Springs micheal ?? Like in general house prices and lifestyle.
    3
  43203. Have you ever thought about hiring part-time help you with aspects of your channel? You’ve mentioned Lisi helps, lol. Glad you enjoyed your trip!🌞
    3
  43204.  @MichaelBordenaro  Hope that helps! There are Youtube professionals who do it, so I was wondering if you ever would. I can definitely see your channel has grown tremendously over the past few months!
    3
  43205. I moved to Miami Beach in January and since end of March can’t be there because Covid 19!! 😡😡
    3
  43206. Lying is fundamental to insider trading.
    3
  43207.  @MichaelBordenaro  And that is very good Michael, it’s very nice to see this side of you. You’re welcome, I hope to see more like these plus more awesome content!!😊
    3
  43208. Congratulations 🎉, really like your videos!
    3
  43209. Not gonna lie I am not a huge snake person which is why I would live in a condo if I moved there. I actually own a condo in Nashville where I am now and I Love it! I pretty much love everything about it but that is not to say I am not open to living in a house.
    3
  43210. flip flops!!! lots of them...lol
    3
  43211.  @MichaelBordenaro  I'm from Pittsburgh and want to move somewhere warm with better jobs. The jobs here and people here are horrible. If you lose a job it takes 2 years to find another lousy job. The weather is cold dismal and bleak 8 months out of the year, its depressing. I work in the creative areas but the employers are wishy washy and like to fire people frequently which is one of the factors that scares me when I'm moving. I'm more into entertainment and pop culture than sports and the Tampa Orlando area is filled with things I like. I'm concerned about the oppressive humidity and heat. I'm concerned about jobs as the pay is the same but everything is more expensive. I'm concerned about the people as everyone told me that the Tampa area is filled with trashy ghetto Walmart people and that Tampa stinks and is dirty except the tourist areas. I'm currently looking for remote online jobs that will let me free up my time and geographic location.
    3
  43212.  @MichaelBordenaro  what do you think of Winter Garden and its proximity to Disney
    3
  43213.  @MichaelBordenaro  I'm more about, entertainment, shopping and food than the beach. I like the beach but don't want sun damage so I never lay out. I can visit the beach. I think Winter Garden might be a place to live everyday life and I can travel to all the entertainment and restaurants nearby and visit a beach .
    3
  43214.  @MichaelBordenaro  Now I need to find a good job but I don't live there
    3
  43215.  @MichaelBordenaro  I did, I'm started applying for remote jobs and called some head hunters but most don't handle creative jobs
    3
  43216. Another great video with more insight to what's happening. Great job on keeping focus! 👏👏👏 I wasn't able to watch the whole video and was only able to listen due to the cognitive overload of seeing all the people at the mall. 😅
    3
  43217. Of course spending is increasing. Prices doubled if not tripled so if someone presents it as great is a true idiot
    3
  43218. Everywhere you look in America the citizens are being screwed by their government.
    3
  43219.  @MichaelBordenaro  My plan A is to stay here in Florida but I’m renting so if prices don’t come down then it’s plan B.
    3
  43220. What about boomers in the calculation ? They are getting older and probably don’t want to keep larger homes forever.
    3
  43221. My dad used to tell us a story he went to bank to get his business loan the bank officer told him if you say you can do it thats good enough for me...(my dad was a math wizz and survived being run over by a tank) lol the officer knew him well he grew his business into 3..would not happen these days.
    3
  43222. ❤❤❤The Best Wife on YouTube!!
    3
  43223. Are there any cons to an online bank?
    3
  43224. I used to live in Coral Gables in my 40th. There are lots of nice single family homes there and live nice and peaceful life. But not for young people.
    3
  43225. Your videos are the best!
    3
  43226. What are your feelings about Ormond beach
    3
  43227. If you can afford a 4 million dollar house you can afford to spend a couple of hundred grand to fix it.
    3
  43228. The banks will get the government to bail them out and buy the whole neighborhood so it can be closed down and the public expense
    3
  43229. Thank you Michael. Been watching a lot of your videos for the past few months. Not a bash but I feel this was the most heart felt video I've seen you make. With that being said thank you again.
    3
  43230. You have a great life
    3
  43231. Great video, thank you for posting! Really solid interview.
    3
  43232. You can do better than 3%. Three-month treasuries which are every bit as safe as a CD/money market as the US government is not going to default is currently 4.6%. On $100,000 that's an extra 1600 bucks per year. Been putting together a ladder of CDs up to about 1 million over the last three months. Corporate bonds investment-grade are close to 6%. Going a little bit out on the risk curve you can average a fixed income return of over 5%.. No risk with treasuries at 4.6 though if you really want a no risk/0 risk investment. In three months the Fed will have raised at least another half a basis point and then they're going to sit tight for well over a yeear. The top of the market for treasuries will probably be where rat right now or 25 basis points higher close to 5% for a two-year period a five-year right now is close to the 2 year rate, and when the Federal Reserve starts to reverse a year or two from now that 5% is going to look absolutely fantastic. You can either keep that money for those five years at 5% which we haven't seen in 14 years in the United States as the Federal Reserve has destroyed savers and retirees as you know… But you can lock in close to 5% for five years. If in a year or two you want to sell, and interest rates are lower which they will be in a couple of years from now, you can make good money on selling the five-year treasury because the interest rate will be higher than the rate at that time so not only will you be making 5% while holding it, you can make money on the 5% instrument when you sell it early. If you have enough cash laying around this is a good strategy. Anyway it's the one I'm deploying. Not sure about this real estate pullback. Maybe, but until institutional investors and foreign money from all over the world is kept out of the residential real estate market I think the normal metrics that were true 10 15 20 years ago no longer apply. I would bet that half those properties being purchased in Miami are being bought by rich Saudis or the very wealthy from all around the world. I don't see that changing as wealthy Chinese investors for example, that live under an unstable regime, will always want to have their money in United States real estate irrespective of what it costs. I don't see how the average Joe can compete against that.
    3
  43233. you can really play (MB) nice. have to make a trip out there in the future looks so quiet
    3
  43234. Please make a video on Multi-Family investment properties in South Florida, or Cash flowing areas in South Florida for rental properties.
    3
  43235. Well, the US lost 1.9 trillion in one year, after corporate income tax breaks.
    3
  43236. But joey says everything is FANTASTIC, best economy EVER. blackrock is just charcoal...... vanguard is just a revolutionary scholar i know. No big c0rp buying homes to keep prices high. Corporations care about you and always have the poor and middle class best interest at heart, and doesnt prioritize short term profits. The g0v and c0rp would never lie to you because that would be "misinformation" Misinformation is what everyone not on msm is saying or anyone claiming anything bad is going on. Social security ending in 2035 is simply a byproduct of a great economy because everything is SO GREAT AND PERFECT we all be millionaires by then.
    3
  43237. I’m from Berwyn Illinois but I moved to Clearwater when I was 14. Went in to the military and was stationed in San Diego. When I was there I split rent on a flat in Oceanside and came right back to Florida when I was discharged. Tampa Bay is home. California is alright but I can afford to own a home here. It’s good enough for me.
    3
  43238. Michael Bordenaro thank you so much for your honest response. We are planning on taking a vacation down there to check things out! Have friends in Jacksonville, Palm Coast and Trinity on the west coast
    3
  43239. Palm Coast is an hour drive to Jax, a long drive especially during rush hour of if there’s an accident on I-95. Also Palm Coast is still very much an old folks community, lots of seniors there. North St Johns County is probably a better choice.
    3
  43240. Dude you’re better than my shrink! Good points..
    3
  43241. All the property tax assessors are con artists. They keep raising the property taxes when the houses are not really improved from year to year.
    3
  43242. Cali weather > any other state.
    3
  43243. What is the real estate tax on a 200,000 home in north east Florida
    3
  43244. Where is best to raise a family? Two small kids 6 and 3 years :)
    3
  43245. Michael Bordenaro Thanks 🙏. I was thinking ST Augustine after watching your review in places :)
    3
  43246. Thank you..we need more reality checks ...I really appreciate and needed this
    3
  43247. The price really are not drooping that much. The biggest driver for home price drop is those million dollar luxury homes. They can reduce the price by $500,000 or 1 million $ because they are priced that high to begin with. Looking at beginner or moderately priced homes, the price hasn't decreased that much, especially in markets like northeast region. For average people, the market hasn't changed much. Dude I like your chill talk style of videos and have been watching for a while but you really don't need this kind of clickbait content. For anyone thinking housing market is going to crash like 2008, the economy needs to have some catastrophic failure and downturn. Remember when Lehman Brothers and AIG went bankrupt? That's the kind of shockwave we are nowhere near right now.
    3
  43248. I want to move to Clearwater, Tampa, I just need a small house but luxury, do you have any that fit my need, thanks, I’ve been watching your videos, they’re very useful!
    3
  43249. Michael Bordenaro Thank you so much, I’m looking forward to it 🙏
    3
  43250. Excited to travel with you through your videos
    3
  43251.  @MichaelBordenaro  i love everything about florida including the weather. the beach life at night is better than cali.
    3
  43252.  @MichaelBordenaro  bittersweet because I Love Cali but the homes are too expensive 🙁like you said homes are half the price.
    3
  43253. Congrats Michael on your 3 year anniversary!👏👏 Your content is always fair and balanced and you provide good common sense info to help people. I hope to someday work with you 🌼when I’m ready to leave this high tax state of NJ.
    3
  43254. Greetings from Costa Rica.🏖 I enjoy your walk-arounds, and your realestate analysis. At this point, not sure if I still want to buy Florida realestate, or.......just purchase a repossessed bank yacht, to sail around different countries. ⛵
    3
  43255. California surfers need to check out Cocoa Beach and Jacksonville Beach. These are two places that Michael Bordenaro overlook.
    3
  43256. I thiught about this today. I have seen a big democratic change in the panhandle of Florida....not in a good way. Im thinking buy some land in some remote spot like Virginia Kentucky ohio region. No structure on it. Buy a nice Mercedes dually van overland to live in till it gets cold. Leave drive to fla go fishing till spring. Then back to the woods. See no expensive house to maintain and have taxes raised on. Just raw land tge van and say a cheap jeep or truck to drive there. I can do that am am thinking about it. Btw just rented in Florida instead of buying...person looked at me when i said whos buying in this market? They just shook their head yes.
    3
  43257. Michael safe travels. And No, we do not need a video in San Francisco. Your safety is more important. We already know how it is and have no desire to ever live there.
    3
  43258. i have to say you are right about what you talking about when it comes to services , so much unprofessionalism , sorry that i'll be saying some stuff that your readers might not like to here but i'm speaking from my experiences, and until today i still wonder about them!!!! i think because i experience myself that , i believe this happens in florida only , maybe i shouldn't say it but for people to be aware of it especially south florida , very unprofessional, a lot of people are fake , untrustworthy , so much theft , homes broken into everyday like and the list goes on i lived in aventura and bay harbor island in good neighborhood and i used to question this all the time , so unacceptable , and believe me i really loved the surroundings , weather wasn't even an issue , but couldn't go on i would meet people and i would think i made friends but all of sudden they disappear next day , i really couldn't figure that out , just a big mix of bad with little of the good, you just can't trust and figure things out ... totally like NO other state for sure at the end i thought it's not a place to live or settle or making it a home , definitely NOT!!!! i was told some come to florida to con people and leave and go to different areas there and do same thing , i was sad really when i left because i wanted to stay i loved being there but those were reasons i just couldn't bear , ...still i question it ... maybe some day i would visit ..don't know so sorry made this too long !!! thanks for your videos!!!
    3
  43259. I wish that were true in my area. I’ve been trying to get a house and have been getting outbid for the past year.
    3
  43260. great video and info
    3
  43261. How can you live in Florida and not thinking about retirement? Homes here have so many illegal rooms rented that no wonder there are cars parked everywhere. I have said for years, once you get some grey hair you better be planning your retirement!
    3
  43262. Great video! Does anyone know what eventually happened with Zillow? They were buying up TONS of homes, and started selling them all off at a loss.
    3
  43263. Great video Michael, looking forward to our consult with questions that your knowledge and experience can help me with
    3
  43264. It would be very diffcult to do a driving tour. Traffic is brutal. In 40 years I have never seen it like this. The restaurants are packed and have no staff. You can't walk down St. George Street. Oh, the BOL you say? In Davis Shores? I live here also. Too crowded now . But enjoy your stay, it's a nice place to visit , beaches are pretty.
    3
  43265. Awesome! Thanks for sharing.
    3
  43266. I like the music at the end of the video, who is it?
    3
  43267. First time buyers mortgage applications has fallen off the cliff and that is the beginning of housing prices having to drop. Expect house pricing to drop back to 2019 values.
    3
  43268. I don’t like it when a garage is converted into a room on these small houses either. To me, you can always tell that it used to be a garage.
    3
  43269. 😆😂🤣😅
    3
  43270. I'm so glad that we own our home, have no cc debt and no real debts at all.
    3
  43271. Thank you I really enjoyed your video today!
    3
  43272. There are good investments in the "hood" too.
    3
  43273. Michael, I think you’re misunderstanding why people (who CAN afford to pay off their entire balance) keep a balance on their credit cards. They are typically paying the amount due for that period and the remaining balance is what was accrued after they paid that amount. I do the same thing and have never paid any interest on the balance.
    3
  43274. Lmbo Mike, my wife and I are sitting here looking out the window at the cold and rain watching this video and I'm eating an ice cream. My wife said " I'm going to take a picture of you and send it to Mike and see what he says about it. " 😂
    3
  43275. Lunch at the Space Center would have been much better! Happy travels👍🏼😍
    3
  43276. They have the best Mushroom Swish there! I go there every day, but not for the food lol
    3
  43277. It's all about the size of the veranda for me. Many older units have larger ones, and I'd be willing to sacrifice decor for decent outdoor space. I agree with you on the laundry. I went many years without it and I'd hate to go back to lugging it around again. Maybe now there are small businesses that have pickup service? Good opportunity for an entrepreneur!
    3
  43278. I'm going to live in a van - it is the only way to survive
    3
  43279. It will be interesting if you could keep a watch on how many condos go up for sale in the next month. I think it will give us a picture of what the future will bring...will many people get out of living in condos, so they will sell quickly,.
    3
  43280. Hello Michael thanks again for sharing that was excellent,.Best Regards to both of you.
    3
  43281. a bit overpriced for what you get indeed but the experience of walking there looked kinda cool!
    3
  43282. You know there's such a thing as loss assessment coverage. Insurance that covers special assessments.
    3
  43283. Great video Michael, love how you listed and discussed each town. Still love Miami Beach though, one day I will explore these places! 😁
    3
  43284.  @MichaelBordenaro  Agreed! Lots of places to see, thanks for these videos!
    3
  43285. Good video good advice
    3
  43286. Michael Bordenaro: I would suggest traveling up to Fair Oaks, outside of Sacramento. Those areas are still expensive, I grew up there.
    3
  43287. I have no desire to live in a high rise. I like simply being able to walk outside, for starters. (In my career, I travelled a lot, so I was stuck in high-rise hotel rooms all the time. I became tired of feeling stuck. That is my primary complaint.) Add to that: Fires? 9/11-style attack? And, now, this collapse? No, thank you.
    3
  43288.  @MichaelBordenaro  Tx. True. And most hotels don’t have open condo-style terraces to ease the claustrophobia.
    3
  43289. I worked for a condo HOA board. Not a fun job. This HOA had an engineering report done in 2018 and knew there were serious issues that would cause great financial and convenience issues for owners. These kind of repairs are passed on as assessments to all owners ON TOP of regular HOA dues. Owners have no choice but to pay assessments and at least in Texas, HOA can foreclose if dues and/or assessments remain unpaid. Knowing what I know I would never live in attached /stacked condo situation. Maybe a neighborhood with a small annual fee for an entrance or something, but if there was a community owned pool I'd think twice about that too.
    3
  43290. 6:14. Lovable kitty
    3
  43291. Is that flannel? Looking good : o) Imagine if you had kids right now, my food bill has almost doubled, feel for everyone that is struggling. Some of the Ukraine funding should go to paying ppl utility bills.
    3
  43292. There is a saying: “sometimes when a door shut in your face- it just isn’t your door” 😀👍🏻. Happy your found a better path.. with a nicer door 🚪
    3
  43293. Remote workers should start an S Corp and work a side hustle being an independent contractor. You could also be an IC through an agency. The company that takes you as an IC cannot dictate to you where you need to be or what time. You set your schedule around your other remote work. Being an IC also allows you to write off all expenses and write off the depreciation on your home because you work from home. You can also write off the depreciation on all your vehicles. Registration fees are write offs as well.
    3
  43294. Americans are .5% in debt or the amount USA is in debt. You’re either a multi millionaire, or you’re in debt. The greatest country on earth is supposed to be the wealthiest.
    3
  43295. More and more banks are not doing Reverse Mortgages.
    3
  43296. There are Americans working and living abroad in countries of South Asia or South America renting in nice neighbourhoods and costing next to nothing but getting paid in US dollars.
    3
  43297. Middle class, and want to gamble? Go to your local hometown casino. Vegas wants the business class. Vegas is overvalued if you're a middle class resident...but Vegas lacks a real middle class. There is either Summerlin/(new) Henderson/outside the 215 beltway, and then there is Nellis/inside the 215. Even the "locals" casinos aren't catering as much to the locals. Red Rock Casino in Summerlin recently removed a cheap, popular locals buffet and replaced it with a swanky high limit room. Says it all. Even the "locals" casinos aren't catering as much to the locals who can afford to gamble. They know.
    3
  43298. bro I NEED this
    3
  43299. If you are trying to time the perfect day to buy in Florida, most likely you will miss out on the future gains certain to come. Why Everybody like Nice weather Beaches Fishing Ports Kennedy Space Center Daytona 500. You all want a Recession, not a big deal. If houses did crash, when would you know when to buy? down 10% -25% ? -50% down 63% ??? Your all hoping its going to come down to exactly where they want. It doesn't work like that. I relate the convo to trading stocks, its about buying lower selling higher ? I was born here. I KNOW that real estate prices were way underpriced. You say Florida is too hot. WHY ? Why would you not sell your Cali estate for 1.5 million and then come get you oceanfront home in Florida for 500,000. Cant it be that we are only scratching the surface as far as transfer and adjustments still at work to be worth the same. Would Never live in Cali, My home and heart is here. Another problem not selling now because the gap between owning and renting has gotten worse. Michael, why would I sell my home in Florida.?? Thats what the elite want everybody to do is Sell. You sell in Florida at this point and yall will regret.
    3
  43300. The Fed absolutely was too late stepping in and allowed RE prices to increase 30% over a 16 month period in 2020-2021 while pumping huge amounts of $$ the economy. Now they are concerned that inflation rates are 8.2% and the magical Fed target is 2% while housing prices are out of control even today with the mortgage rate for Tier 1 borrowers at 7.4%. The housing market is on life supports, however the Federal Reserve released median projections showing that they anticipate the target rate to be 4.4% by the end of 2022. Rate now is 3% – 3.25%, so the Fed will raise rates by another 125-150 bps over the next two FOMC meetings to a terminal federal funds rate of ~4.4% - 4.5% in 2022. Lenders have to raise rates to make their MBS more attractive to investors otherwise they will just buy Treasuries since the 90 day bill is paying over 4% and by the end of the year 5%. Any doubt that after the Fed increase in December, economists will pronounce the housing market dead?
    3
  43301.  @MichaelBordenaro  Ha, ha! I hear ya. Yes, as adults, we slow down and appreciate things a little more.
    3
  43302. I feel the same. Always wanted to live in a high rise on the beach, but not anymore. I bought tickets for a Florida trip last month for myself and 3 grand kids, and then was too leery to get on the plane! So l am out the money. I think l just need to stay close to home for now in this crazy world. 😪
    3
  43303. I'm from the cold cold state of Michigan. Currently living in Greece with my fiance. We are considering moving to florida. Somewhere like st Augustine, coconut creek. Palm beach. Somewhere affordable for renting and that offers good entertainment and public transportation if needed
    3
  43304.  @MichaelBordenaro  awesome you just earned a subscriber
    3
  43305.  @MichaelBordenaro  thanks. Would love to collab with you. I think we think a bit alike and always love to collab with great RE minds.
    3
  43306. Nice.
    3
  43307. Actually i got that letter. If you don't respond Citizens will assign you to the offer you received even if it's more than 20% higher. Also, Citizens will keep your current policy in force until renewal. And as always, you should wear a hat. Sun is dangerous.
    3
  43308. Regarding your read comment at 10:00, groceries are certainly more (true) but FOUR TIMES more than two years ago? That is absolutely untrue. That is a ridiculous statement. I shop twice a week and I'd say things are 30-50% more generally, with higher increases for certain things (eggs, for example) which have doubled, or very briefly gone even higher but are now lower again. Four times higher across the board? Not true. That is like saying a box of name brand of cheerios which was $4 two years ago is now $16. A 2-liter bottle of coke which was $2 would now be $8. Really? That is, after all, what "four times higher" really means. If you are going to read something like this out loud and nod vigorously and agree with it, make sure it's really true.
    3
  43309. One thing I agree with is Getting Back to Basics. Too many are rely on Social Media. You can put in alot of effort with little results. It is part to be successful.
    3
  43310. Oh I think these on the road videos are awesome!
    3
  43311. Thanks
    3
  43312.  @MichaelBordenaro  Curious, is a one word reply enough for the algorithm?
    3
  43313. Michael, great job. I’ve watched many and yours is very good advice
    3
  43314. Food...
    3
  43315. 1850.00 gets a rundown garden apt in NJ if you can find it
    3
  43316. 3 dollars 😮
    3
  43317. I was there for 3 months and loved it. No elevation breathing issues - Red Rocks is wonderful ... go to Aspen if time!
    3
  43318. Great job.! Just please don't add music to your videos I find those videos from other YouTubers very annoying. I like your commentary of the little details about the neighborhoods that normally you wouldn't find out. thank you✌😊
    3
  43319. In Davenport Florida, the are building multiple apartments houses. Some are finished. Many are not and are in different stages of completion. This is all because of the ecomony.
    3
  43320. ITS fomo VS need. dti's are in the 50"s and student loan payments will start coming due. Im moving to Florida in 18 months. The market is not the market because of too much intervention. What we have is the market praying on the misinformed plan of getting a gift. To get that gift they need a house,
    3
  43321. Great information. Thanks!
    3
  43322. How do you deal with the humidity? Thank goodness for air conditioning.
    3
  43323.  @MichaelBordenaro  People are moving here constantly. That says a lot about other places.
    3
  43324. be safe BIG MIKEY please !!
    3
  43325. I have been to the Keys many times. I had no idea that the everglades was near Key Largo! The Keys are not really like Hawaii. Its way hotter than Hawaii and there is no mountains in the Keys. I like hot weather but we went to Keys West in July. Wow! Cant take it! Hate the cold though Also Hawaii has no billboards. Its some kind of la but it makes it so much more beautiful! But I LOVE the Keys! We love Hog fish! But it is much different thanHawaii! There are 132 island in Hawaii and 8 are inhabited. We have been there many times. We do have alot of neighbors in Florida. Mostly people who are sick of the weather on the east coast., I have lived in NYC most of my life but for a brief time I lived in Chicago. I HATED it! Its mad cold and too much crime! NYC was the safest large city in America for 35 years. But now its bad due to Deblasio. I would like to know what areas are good for handicapped? I am partially handicapped and liked the pier at Naples until you said things close early there. So a beach town with a pier or walking path. Not Hollywood its too seedy looking. but are there any others? Anyway nice video. Its 4 am I have to brush my teeth now! Goodnight!
    3
  43326.  @MichaelBordenaro  Thank you! We are watching one of your other videos now. I wrote the above at 4 am I see some mistakes in it. I hope you can make it out!
    3
  43327. A big percentage of buyers are cash buyers. The rest are putting a huge downpayment to reduce their monthly payment. Why sell when most Homeowners have over $200k in home equity.
    3
  43328. i need my home down taxes 4x in 10 yeara
    3
  43329. People die....life is short and never guaranteed
    3
  43330. Great podcast Micheal your a mensch!
    3
  43331. I also heard that people are putting their homes up at high prices and then just price dropping it to the price they want....they are still expensive. Hoping they go lower and interest rates keep going up.
    3
  43332. Nice work, Michael!
    3
  43333. You must feel a bit relieved and break from the usual smothering heat and sun in making this video.. this is my 1st Summer in Florida and I started to feel a break from the heat too. I have been hiding inside my home most of the time during this summer...I admire you can walk outside in the heat and the brutal sunray
    3
  43334. My father lives in Ocala...
    3
  43335. spot on info and advice 👍
    3
  43336. What kind of area is that would you let your sister live in that area if you have one. Thanks.
    3
  43337. With the exhorbitant cost of rent and mortgages, the USA is two years away from being Mad Max. I'm looking at moving out of the country, housing is too expensive compared to wages. I'm already on the street, been living in my truck since I became disabled 6 years ago.
    3
  43338. Hi Michael 😊❗️ I’m just curious 🧐….. Is there any affordable areas in Miami that you could share with us?? Do these neighborhoods have any decent homes 🏡 available? I Love the Walks you take us on But i sure would love to see any affordable neighborhoods. (That’s if they exist). You do tons of homework and it shows. And again, I’m still jealous of the weather you have out there. Thank you and God Bless,Carlos ✝️🙏❤️😊❗️
    3
  43339. So adjustable or fixed?
    3
  43340. Should 1st home owners wait till couple next year to buy?
    3
  43341. Do you think buying and renovating to rent is still in a good spot? Or wait for discounts but higher rates? I think I'm still going to buy, renovate, refinance to take profits to rent out being rents are jumping.
    3
  43342. We love the Bay Area and have lived here for over 30 years. The weather is "best by government tests" where we live. Affordability to buy a house is the biggest drawback.
    3
  43343. What a shit sandwich. I’m moving out of Broward in about a year. Too much.
    3
  43344. How can you be in Recession when ppl are paying $3 million for a 2 bedroom ranch?
    3
  43345. I think people will always look for opportunities during tragedy. The market will be fine.
    3
  43346. This was pretty entertaining thanks Michael . I think there is a reason some of these places are cheap but definitely some values to be had.
    3
  43347. I am looking to get a mansion in Southwest Ranches
    3
  43348. Coral Gables 🌴🇺🇸 You might want to mention what it costs us tax payers who are supporting these illegal immigrants ! GOT to stop 👎 🏄
    3
  43349. all extremely obvious.
    3
  43350. Thank you.
    3
  43351. Every body wants in on the action now Days I tried getting Brakes a brake job as in Pads and Rotors, I called every place in Town. And ended up paying $600 For comparison I use to pay a guy $50 plus parts. And I've never in my life paid more that $100 plus parts. I also took my car a bunch of places and Go t estimates for thr same job anywhere from $550 to $1150 Again for the same thing, Definitely shop around for everything these days!
    3
  43352. The Only reason I accepted the $600 was because my back was against the wall, UT was metal on metal and I needed it Quickly
    3
  43353. "just like lying, stealing and crying......" haha love it, realist shit you ever said.
    3
  43354. Solid advice on pricing and how to handle offers...
    3
  43355. Great video and lots of great content. The beach is always a great place to be! My beach (Pensacola Beach) is beautiful as well. Florida is a wonderful place to live. And thanks to Ron DeSantis for keeping Florida open during the Dems take over.
    3
  43356. Hi Michael love your videos I feel a gated community would be good for me I'm a living next door to Colombian drug dealers who have parties till 4:00 a.m. every weekend all summer long from April to November here at the Jersey shore I can't take it anymore I want to move to a warm quiet place all year round with no snow I can't stand showing the snow anymore I can't handle the cold I can't handle the high property taxes in New Jersey anymore and I can't stand the neighbors they're driving me crazy I call the cops and they don't do anything they quieted down for 5-10 minutes and then they turn the music back up even at 1:00 a.m. these people have been doing this for 20 years until 4:00 a.m. All Summer Long every Saturday and Sunday night it's not this hillbillies that play music at 1:00 a.m. believe it this is been going on for years and the cops haven't done anything about it I pay all this money and property taxes and the cops don't do anything about it cause I have to pay $10 a day to go to the beach in the summertime or $100 for a beach pass for the whole summer it's not right Jersey shore is the biggest rip off and people say the Florida is really hot this summer time try the Jersey shore it's 99° out in the summer superhumid and when the air conditioner breaks down and August you can't even get a new air conditioner put in so I feel moving to South Florida is not going to be any different than here and at least the gated community will have peace and quiet. I love your videos keep them coming I especially love the beach videos when it's freezing cold up here and I get to see Miami Beach it's always nice to see keep up the great work and keep those videos coming in.
    3
  43357. Hello California🙋‍♀️🌍
    3
  43358. burak Right on!!!👌🎯
    3
  43359. CALIFORNIA 100%
    3
  43360. Live in Florida, vacation in California.
    3
  43361. Great video and very honest. Will help a lot of potential realtors make the decision to do it or not.
    3
  43362. I use to work for a company and they used a company called openworks for the building cleaning. These people they were hiring were immigrants, and they were telling me they were getting all the free money from the government. it was for a whole year
    3
  43363. Great videos! Very informative. I've been binge-watching all your videos hahah. I'm planning on moving to West Palm Beach, it looks nice on photos. Would you say it's a nice place to live? Thank you!
    3
  43364. Michael Bordenaro awesome, thank you for such a detailed response🙏🏻 I’m trying to decide between Miami Beach and West Palm Beach and just weighing out my options rn. Thanx again!
    3
  43365.  @MichaelBordenaro that's definitely good to know! Just so many opposing opinions about cities in Florida, makes it hard to decide lol A friend of mine told me West Palm is too boring and Miami is a party town and that Fort Lauderdale would be my best bet. But then I think you mentioned it in one of your videos that you wouldn't wanna live in FL. I should probably just rent an airbnb and see all the places for myself hahah
    3
  43366. Michael Bordenaro definitely! Thanks so much! This was very helpful 🙏🏻
    3
  43367. Million dollar home. $100k cyber truck Garage packed full so $100k Tesla can't be garaged
    3
  43368. Michael, I was viewing a web cam of Hollywood Beach on YouTube and it reminded me a bit of Venice Beach, CA (boardwalk, people, shops, etc.). I have been to Venice Beach, CA many times, but never Hollywood Beach, FL. Are Hollywood Beach and Venice Beach similar, or is it just my impression from the camera? Your thoughts?
    3
  43369. I have a generator as do most of my neighbors on the coast in Massachusetts. Don’t want to freeze to death after a winter blizzard.
    3
  43370. What camera are you using for filming ???
    3
  43371. Yup, Michael, I would love to see a live stream of the hotel being imploded. Or just make one of your awesome videos
    3
  43372. How common is it to see alligators, living in Florida???
    3
  43373. for 3k a month i would expect more but I know it is miami
    3
  43374. Oh my I so agree, it has been so hot! I was so happy today, we went out at night and had a bit of a chill!
    3
  43375. Wow...the reality about real estate...thank you, some 1 is telling the truth
    3
  43376. Rent down??? A joke?? where??? 🫠 only greedy Real Estate MAFIA control michael. 😂
    3
  43377. I’m in Florida, my home insurance did not go up at all. I love Florida. I would not live anywhere else. I moved here from New England. Of course I would never live by the water with the hurricanes, unless I could afford it.
    3
  43378. 7%..holy high..price drops but payment goes way up..the barons pay in cash..they don't care about loan %..shit..they like less buyers to fight with
    3
  43379. Can u do a video of your musical instruments?
    3
  43380. Australia Interest rates went up .25% yesterday and more to come but Housing market not slowing down.
    3
  43381. So almost everything money can buy has gone up, gas, food, clothes, cars, rent, rates, wages, but home prices are coming down? Really? And coming down to 3-4yrs lows? Really? Smart homeowners who can't get their prices just jack up the rent til they can
    3
  43382. Unless the Bradford Plan is enacted! Anybody here remember the Cash for Clunkers plan? The auto industry was DOA in 2009, so Obama signed into law a program that gave you cash for an old car if you bought a new one. I traded in an old Mercedes with a Blue Book of $1500 for $4500, 0% financing, $2500 cash back on a 2009 Sonata. Still have that car and never had a problem with it, even though I acquired a Lexus since then. Cash grants (you don't repay a grant, it's a gift) to help buyers and a tax break for sellers would keep housing going through the coming recession.
    3
  43383. I’m proudly wearing those golden handcuffs. 2.5% bro.
    3
  43384. Lovely place! My husband says the same "I miss the air wearing this mask" herheheheh
    3
  43385. I like that Michael uses real statistics. More than I am used to,
    3
  43386. I'm on the fence about this...some of those products or help could be unknown to someone going thru a life change.. it could also be used in a predatory manner 🤷‍♀️
    3
  43387. I am looking for a beautiful view and offer my computer services out there. Meet new people and enjoy networking with others. Will look into going out there and check it out. Seems like a great way to start over peacefully. :) no cali politics here
    3
  43388. We support your YouTube channel !
    3
  43389. Congratulations! Miami is a great place to live. I think you made a fantastic deal.
    3
  43390. Sadly I think I will be living in my stainless shop for the first year near Lauderdale by the Sea
    3
  43391. Thanks for the motivation!! 💪🏼💪🏼💪🏼
    3
  43392. Michael is always spot on. Thanks for more great advice!
    3
  43393. I think another thing to consider, besides the total cost, is the way costs are distributed over your entire life. Even if the total cost of buying a home may be greater, eventually you'll pay off your mortgage, which means your monthly housing expenses may be much less when you're retired and on a fixed income. So you pay more when you're working and can afford it, but less when you're retired and might not be able to. The idea of having to pay nearly $7000 per month in rent when you're on a fixed retirement income is pretty scary.
    3
  43394. 👍
    3
  43395. Hi there! St. Augustine sounds great, but can you share a little more info on the age demographic? I'm 30, single, no children, and career driven, and very active so if it's an older community or better for young families with children it wouldn't be best for me. Also, if you can suggest some other places that would be a good fit for someone like me that are still decently affordable I'd greatly appreciate it! Thanks so much!
    3
  43396.  @MichaelBordenaro  Thanks so much! Greatly appreciated
    3
  43397. Man! YouTube must pay you a good salary to afford a $550k condo! I can buy 3 homes in the Missouri bootheel for that and property tax much cheaper! Your choice Mike of area, no beach, no ocean or beautiful women gonna make me pay that price! I'll drive to that scenery when feeling like it! None of these homes or especially condos should be priced like that! USA is Babylon! Land of greed and big spenders!
    3
  43398. No excuses I love it! Creative places to do pull ups. Even a regular childs park has good options. People have given me the most weirdest excuses on why they don't work out it's too cold outside it's too hot outside they can't afford a gym membership if all you have is your own body weight that works good to a lot of people don't realize that. My husband did a workout similar to yours but he did a lot of jumping jacks and running in place to get some cardio in. Swimming and bike riding is also great exercise has one thing I tell people is finding activity that you enjoy that helps a lot and did she excuses this was a great video I wouldn't mind if you made more of these
    3
  43399.  @MichaelBordenaro  LOL maybe because you told him to go watch more videos LOL now I'm just being silly you have a great day and have a good workout keep up the good work I think your channel is going to grow you're doing a great job :-)
    3
  43400. Thanks Michael for very nice video. I am accually about to move to FL and your videos are gems.
    3
  43401. I’m in a city called Santa Barbara, when i rented my apartment 2 years ago it was 1450$ a month for my 1 bedroom. Now average rent here is 2500$ for the same apartment. On the bright side though, i’m excited to see the housing market do down so i can afford a house 😄
    3
  43402.  @MichaelBordenaro  It is Santa Barbara CA actually! Snagged a really good deal haha, only a block from downtown! I’m probably going to end up buying in Ventura/Orange County though as the price to buy is alot more affordable down there 😅
    3
  43403. It's great to see all the construction in the Miami market. Hopefully, that is good for Michael's business.
    3
  43404. I love Destin and the Florida Panhandle! I'm moving there for a job after college. The cold really isn't much of a big deal in the winter other than maybe a couple days here or there but mostly 60s
    3
  43405. Awesome video! Thank you again 🙏❤
    3
  43406.  @MichaelBordenaro  I know that is what people say but honestly I think it is the other way around. I think it's the FL natives who drive like crap. CA is a huge melting pot and drivers don't drive like this. Same with TX. FL just has a lot of self absorbed drivers who seriously struggle with road rage!
    3
  43407. This is your best video to date. This applies to me
    3
  43408. Yes, really enjoyed this video. Would love to see more videos like this in addition to your Florida videos!!!
    3
  43409. I think people panicking about the banking crisis is not a good thing for the overall economy, because it presents instability, and I think Greek home needs to be in peoples mindset. At least that’s my opinion we almost prevail with calmness, I like the regional banks, the best the most secure, the big banks always get bailed out, but the small banks do a better job of managing their portfolio.
    3
  43410. They might make you guys wear masks down south but I live in Panama City beach and nobody does here. Sometimes Walmart will but recently they haven’t even had somebody up front to give out masks. In bars and other places a lot of the employees don’t wear masks as well.
    3
  43411.  @MichaelBordenaro  Me either. I just want this whole thing to be over. I miss normal life.
    3
  43412. Can a mandatory "special assessment" be passed from a current owner to a new buyer? That is a prospective buyer?
    3
  43413. Again greedy sellers trying to make a quick a buck but people are not stupid and are smart enough to research the property before thinking about buying it !
    3
  43414. We have to realize that once voters get used to such freebies as Mike points out, it's hard to wean them off, and Democratic administrations are loathe to try, because they know freebies "buy" votes from the less-educated and less aware.
    3
  43415. How can your name by mcfail and you get to be a ceo?
    3
  43416. Congrats man, you deserve more. All the best
    3
  43417. Michael, can you help me buy a single family house that is in foreclosure or preforeclosure. I have cash. Thanks, John from NV I'm willing to move out of NV. I have been looking in the Pocatello ID area. Which area would you recommend to get the best bang for the dollar. I have been living in my van for 4 months now. In 2010 I moved to Las Vegas from the Seattle area and bought 2 short sales. What is your best recommendation for me. Thanks, John B
    3
  43418. Many people don't fear porn at all, and watch it quite regularly. (They just keep it secret.)
    3
  43419. You gotta do click bait titles bro.
    3
  43420. Some nonsense like "STRANDED?! Cross Country VLOG IOWA" Also thumbnails that catch your eye. When I'm looking at your library right now it looks like a home video catalog more than a channel. No offense just my opinion as a viewer. Think Mark Rober thumbnails.
    3
  43421.  @MichaelBordenaro  Haha totally brotha. That beach is awesome I have to get up there soon. We have so many choices!
    3
  43422. Absolute agreement on the BS college loan repayment 👏
    3
  43423. Closing this month on a property in Miami .. good luck on your YouTube journey it is definitely fun
    3
  43424. Got a question for you Michael… That house for rent for $25,000… What would you guesstimate it would go for if they wanted to sell it in this current market? Obviously, it's not a $25,000 a month house. But I'm curious as to what the Cap rate would be on something like that. In other words, how much less would they be getting to rent that thing out versus just simply buying a treasury.
    3
  43425. The economy is decelerating, moving into a financial crisis next year. Housing will be hit hard, regardless of how many people on the sidelines.
    3
  43426. Good heads up. Seniors and maybe their families can always be prepared for contingencies that sadly are the reality. Drought and downturns can fall on seemingly greedy investors legally operating. They as well are taking big risks and face skyrocketing overhead as well. But they should be capable of fixing up much complained about dangerous and run down conditions in their investment properties. The "land" they are renting includes all the connections, sewer, water/water supply lines, their own private drives and roads, mail service, showers etc etc. I would be prepared to "mobile" on out of a place I didn't like but a mom and pop run park down the road may be facing the same burdens and risk as well. Cannot fairly portray either as preying on elderly. Best to prepare and protect from consequences that aren't fun and maybe don't seem fair. Grown children can be guilty of not showing gratitude and support to the parents that raised them. I myself am a senior and prepared for decades to be on a fixed income that starts in one month. I must add that Social Security is called "fixed income" and that's okay, but many are misled to believe that there are no cost of living increases. Well....SS just had one of its largest increases ever. And another is already projected for next year. There's an added heads up
    3
  43427. Happy New Year Michael and thanks for all of your great videos! Coming from Chitcago Metro C(r)ook County. 😁
    3
  43428. Why not Jacksonville?
    3
  43429. Hey man I'm wanting to move to soflo kinda around the miami area I've been going to school for diesel tech but thinking I'm wanting to go to marine diesel mechanic and work on boats yachts and stuff. Were I live theres no schooling for that just trucking around here do u think realistically I would be able to get a house/condo down here and go to school and work part time with having enough money to survive. Beach life has always been one of my goals and trying to make it happen one day
    3
  43430.  @MichaelBordenaro  thx man for the info I have 1 year left then I'll be done with the schooling any info or tips for someone moving there within a year or 2 I'm 19 btw
    3
  43431.  @MichaelBordenaro  Ok thx man I've literally watched all your videos
    3
  43432. Great video, Michael.
    3
  43433. Nice! Thanks. 👍
    3
  43434. 10,000 is a drop in the bucket compared to the amount of illegal immigrates in Phoenix.
    3
  43435. great job
    3
  43436. 💯 %
    3
  43437. I swear we think just alike. I could give a long list of the things you have said I was thinking or said. Don't know if that is good or bad.
    3
  43438. Growing up Oceania Island used to be my dream place to want to live. You could go from your apartment straight to your boat and just float away to anywhere. Sweet!
    3
  43439. But the food trucks are decently priced and amazing food!
    3
  43440. Stupid is what stupid does..forest gump
    3
  43441. Common sense escapes progressives. Progressives have taken over the democrat party, colleges, corporations, news media, and our government. They have contempt for the individual thinker, history, logic and those who stand for law and order. We are in a world of hurt when young men no longer want to join law enforcement, the military. They are being told to step aside. Demoralization is contagious in our country now. When a country stands for nothing, it will fall by willing force. What a mess
    3
  43442. You look cool, anyway and redardless, Michael!
    3
  43443. With a bit of luck any stack of gold or silver put aside since a couple of years will pay off a large sum of debt or mortgages due to inflation and a market getting scared and fleeing into gold....let us see what will happen.
    3
  43444. How often do you leave FL and travel out-of-state Mike? Do you think there’s more humidity in South Florida, such as in Miami or Fort Lauderdale, vs Central Florida, such as in Tampa or Orlando? What kind of jobs would you recommend to somebody who might only want to move to FL for a year or two just for a change up? Thanks. 🌴
    3
  43445. Black Rock and Vanguard are usually the biggest shareholders of major compânies, UPS and FEDEX are no exception, so they are related.
    3
  43446. And what if they drop the interest rates and all those people bought at the high interest-rate and high prices
    3
  43447. first and that is BonKerS
    3
  43448. Road flooding and rising sea's is the reason I choose to Rent, not buy.
    3
  43449. light and water in orlando was $230 combined in san diego I pay $150 combined
    3
  43450. It's much cheaper than NJ, people are leaving here in droves.
    3
  43451. Thanks for the Video.
    3
  43452. Moving to Atlanta with my friend, hopefully I can move to Chicago eventually
    3
  43453. Best Collab Ever!
    3
  43454. I met a roughly 35yr old man yesterday who had just got out of prison. I suggested that he get a job , he told me I can't work I was getting 2000 a month from ssi when he went away and that he needs to get back on it. He seemed quiet capable of working. Welcome to new york.
    3
  43455. ❗Have you'll ever thought of this❓ how will poor people buy gold and silver if they are barely making their ends meet❓ (simple math) in a crisis the rich gets richer and the poor gets poorer❗
    3
  43456. Who believes these numbers? The war monger military complex is surging but it's not real GDP output. The government is spending money. Everyone is buying...groceries.
    3
  43457. The west coast beaches are so much nicer. The Atlantic is out of control with the seaweed
    3
  43458. People want free markets until they make a loss ...
    3
  43459. This is my number one interest in Dunedin-the dog factor!
    3
  43460. I sold, now I’m renting, but I’m waiting it out, the thing is I have the cash so I can wait as long as I’m happy with the price.
    3
  43461. Lucky you brother, I hate cold and luck of outdoor activities!!! Enjoy the paradise
    3
  43462. I’m working on it, my wife doesn’t like it but I have to convince her! Thank You for the videos!
    3
  43463. Hi from Australia as I and My partner do not work the bills and cost of living is hard,Petrol,food is ok as You need to shop around and power to the ouse and all the other expenses but I will Never get a credit card and do not dip into My savings so to be Organised is a good Plan but still not easy as why are We all in this world paying so much more now?
    3
  43464. New subscriber, trying to find a single family home in Jupiter with a $725k budget (cash) prospects are grim at best :/
    3
  43465. do you have a link for your other channel?
    3
  43466. we just love the scenery especially when there's animals involved like these sea lions ,These fast food places are a joke 90% of the people that work there don't even work it takes four people to make a hamburger they're all screwing around and they don't get your orders right. or you got someone else's order it's horrible for 15 to $20 an hour time to go automated and the prices will come down three quarters the price
    3
  43467. Really love this video. Keep it just as you did it! Took a cruise a couple of years ago, spent a couple nights with family in Fort Lauderdale-So enjoyed the Beautiful landscaping (not as gorgeous as this) but truly beautiful! A late evening walk was a highlight of our time there. ♥️
    3
  43468. Seems like a wild waste of housing
    3
  43469. Hello Michael, thanks for your effort , you really make me love Miami. Please can you what this place is called and located ?
    3
  43470. ALL by design
    3
  43471. Michael the golden handcuffs are starting to come off.
    3
  43472. I hope you stay safe Michael!
    3
  43473. That house looks like it should be 140k
    3
  43474. Just went by ocean drive last Saturday night, still a line of cars but everything closed for the most part, except it looked like T.G.I. Friday’s was open lol
    3
  43475. Make one video best rental for vication
    3
  43476. My two favorite RE Guys!!!!!!!!!!
    3
  43477. Lots of mosquitos in Florida?
    3
  43478. Hey man I started watching you because I know your truly a good person. And you know exactly what you want in life. But don’t follow these you tubers and copy what they do. Please simply do Michael. Love ya Mann just be you and use your ideas and I’ll always “ pay “ you attention aka money. Love from the 561 aka another person.
    3
  43479. We did a couple of Airbnb's over this summer. One was a shared home which had bad smells and you could hear people below. The other place was an apartment which was great. I think like you said it is hit or miss and hotel def better for convenience/price. Thx for sharing. Also forgot to mention i think you can find location of the place when you book but not sure my wife did it lol
    3
  43480. Do you think you can make a video on Daytona beach/Port Orange area please?
    3
  43481. Lies and statistics, smoke and mirrors.
    3
  43482. 🎉🎉🎉 Hi 👋🏼 Michael I’ve read and watched a lot of articles and YouTube videos regarding this and I’m still very confused 🫤. Happy Easter to you and Lisi and of course all the puppies who own your condo 😂😂😂 Blessings, C Los
    3
  43483. Hello Michael I feel the same, I feel absolutely terrible for any people involved in the tragedy in Surfside. This tragedy has impacted people of all types that visit south Florida. Having a condo was kind of like my backup plan in the case I couldn't afford the type of house I want in Florida. This has changed my thinking to own a place where I can be involved in the maintenance. These are my personal feelings. These are my concerns, I think many other people might have the same feelings. I will only be considering houses in south Florida. That is just me. I'm not comfortable with heights; and, I feel I have better chances of survival in a modern house. My feeling is realistically this probably was caused by multiple reasons. I love the positive vibes you put out on your videos. I feel like we are could be friends, so to be positive, I recently learned about the restaurants along the Miami River like the Casablanca. It be nice to see a walking tour of that area when you get a chance.
    3
  43484. Lots of areas of the nation are not at all averse to building and as such, they are going full steam ahead with home construction. That has a way of balancing out the entire market over time, IF the market is ever allowed to function. People will say who cares if they build too much in Nashville, the homes are needed in X city...well, when the prices in Nashville become dirt cheap due to overbuilding, people WILL pack their things and move and that's how things level out. If the underbuilt cities never become affordable again that's just because the people there have spoken and are ok with the new costs which means one must adapt to the new costs or move.
    3
  43485. You don't need a helicopter. You need a good bike.
    3
  43486. If people think the federal reserve is over inflating the dollar 💵 Just wait until they have digital money. They will hyperinflate it beyond what anyone can possibly imagine.
    3
  43487. Great video since I am saving up to buy my next house in 2023 Bought my first townhouse preconstruction May of 1988 for 99k in the Maryland suburbs of Washington DC My real estate agent created a portal for my weekly single family house search during the Summer 2022. Prices have been decreasing and houses are staying on the market longer and longer
    3
  43488. Had the fed let the market crash in 2020, as it should have, this would be a different conversation, but 9 trillion dollars later, this is the housing market we get and it ain’t over yet.
    3
  43489. Battery self propelled mower...That's as far as I'll go .. 😆😀
    3
  43490. Michael, A home office stream just wouldn't be ... Michael!
    3
  43491. This was a great video Mike!! It made me do some soul searching about my life choices 😊😊. I will fill you in on our next deep conversation over a glass of wine 🍷 😊❤️. But I can say I don’t regret too many things 👌👌. I think the biggest regret is lack of pursuing my education 🤔. Mainly because I always enjoyed school so how crazy was I??🤔🤔. Can’t wait to see more of your great videos 👍👍❤️❤️
    3
  43492. Cool!😎 🏔 my son was just there at red rock too this summer 🎶 🪨
    3
  43493. City/local ordinances typically cover dead cars, overgrown weeds, green pools, peeling paint, couches on the porch, washers in the yard, etc etc, but few cities enforce them. That’s how neighborhoods go downhill.
    3
  43494. I live on the east coast and the beaches on the west coast are far and away nicer than ours. No comparison. BUT, we have the ocean and that's what makes this side better.
    3
  43495.  @MichaelBordenaro  No doubt, when this virus finally breaks I'll have to come down to Miami and say hello!
    3
  43496.  @MichaelBordenaro  Trying to remain optimistic. It's a beautiful day. BTW I subbed you. Thanks!
    3
  43497.  @MichaelBordenaro  Thanks brotha stay well, stay safe!!
    3
  43498. can you fish off that canal wall?
    3
  43499. Great work Michael - KEEPIN COMING those great videos - stay well Bro!
    3
  43500. Hey Michael I got a video idea for U. You should do a video on homes or condos that a young couple could purchase earning 100k to 200k per year.
    3
  43501. No storm drains!!!
    3
  43502. Why would anyone get into business with a stranger? What happened to the family business model?
    3
  43503. Haha, yes, the girlfriend first 😂 why does he need a few cars?
    3
  43504. We appreciate you keeping us on track. Don't ever move to Hawaii if you don't want to be surrounded by roosters! 😂
    3
  43505.  @MichaelBordenaro  48 degrees here in Southern Illinois with cloudy skies 😐
    3
  43506. Our current state of affairs is not sustainable, from bank failures, high inflation, housing bubble, etc. It's only a matter of time for something to reset. While people are moving here for affordability and stability, the same goes for many Americans lately leaving the country. Nonetheless, our govt needs to do something to control this.
    3
  43507. This comparison is great if you are only looking at monthly expenses...it does not take into account capital gains. Many homes in the central Florida area that sold for $150k in 2017 are now selling for $300k. That has to be worth something. Owning isn’t just for budgeting, it is for investment as well.
    3
  43508. I agree with you 100% on this college giveaway. When you contract a debt you should reimburse .
    3
  43509. This is very exciting! We did the same thing in February. Spent two weeks trekking all over the state, top to bottom, inland and coast land. It was a whirlwind scouting trip to try and hone down the areas we are most attracted to. For us, the good feels were most definitely in the areas that have much of the old growth forest intact. Too many developments clearcut the land and strip it of all living matter leaving the land to scorch, starve, and wither. The tree canopy and underbrush is what protects and feeds the soil and purifies the water and air. It's no wonder there are so many ecological issues on this earth. 😥 We really need to stop stripping the earth of her food and clothing when we go about building our homes and neighborhoods. Try this... As you're traveling around, pause and close your eyes and smell the air, listen to the sounds drifting through the area, look at the horizon and the tree lines and take note of the feels you get from that place. As a passenger in the car, I could close my eyes and tell you when we've left a forested area just by the vibes I get. You can sense it. We went to look at a house that was in a woodsy area. The canopy was gorgeous and the birds were plentiful and varied. The sounds were of nature and peaceful... until you stepped into the backyard. There you could hear the steady sounds of traffic noise. To look all around, you'd think you were deep in the woods. But my ears told me different and as a gardener who spends her "quiet time" in the garden, traffic noise would definitely wear on me after a short while. So... What I learned on that trip was to take time to PAUSE, SMELL, LOOK UP, and LISTEN.
    3
  43510.  @MichaelBordenaro  I can't wait to hear and see what all you sense with the different vibes as you pass through various terrains. 🌴🌲🌳
    3
  43511. Hi Michael….I trust your advice and ideas….Question: I am looking to sell my house as soon as possible. I often see TV commercials with people offering to buy houses very quickly, as is, with no inspections and will get a cash offer within a week or so. Would you trust these people to do business with?……I appreciate your views….thanks!
    3
  43512. As interest rates rise home prices sink. The housing market is exactly where it was when the 08 crash took place. Consumer debt 24 trillion most in history ...country’s debt 27 trillion most in history....equals severe financial crisis coming. Buyer beware. Debt will be the absolute killer!
    3
  43513. Good savings tips!
    3
  43514. Great video
    3
  43515.  @MichaelBordenaro  That's correct...Miami was begining to gain some international prestige as a banking center, and not just a vacation spot with beautiful beaches, therefore it started to become unafordable for the average middle class family...Most outsiders knew about Miami and Orlando (because of Disney), but just the locals knew Florida had cities called "Fort Lauderdale" "Tampa" or "Jacksonville". (Not to mention, Saint Petersburg, Sarasota or Naples!!! LOL)
    3
  43516. how is Boca Raton,Lantana,Lake Worth Palm Beach Gardens,West Palm Beach,Jupiter ? Palm Beach county in general ?
    3
  43517. I moved to Hawaii 30 years ago what a fucki mistake. I'm more South than Florida. But the people here can k*** m* a**! I wanted to move to Puerto Rico but my Spanish is not the best so now I live in the middle of Pacific Asian invasion. I would take Florida over this cultural cesspool any day. I love The Hawaiian Islands but the people here suck big time.
    3
  43518. Your videos starting appearing in my feed shortly after I started research on moving out of Michigan. (Thank goodness!) this video as others shared felt as if you were speaking directly to me. I lay awake at night wondering if this is the right thing to do but as you said if I’m already gone mentally, I might as well take the leap of faith! Thank you for your candor and insight! I enjoy all of your videos. Recently I’ve been researching Marco Island /Naples. I’m a bit older (50) and asking if this is a good area.
    3
  43519. Michael Bordenaro thank you for your reply; very comforting. Let me know if you visit that area anytime soon along with any moving tips to secure a small rental unit. Thanks again!
    3
  43520. I live in Palm Coast and own property here. We’re absolutely seeing the market soften here. Let’s see if the bottom falls out. And you were correct in saying the “C section” includes some of the higher end homes in Palm Coast.
    3
  43521. Maybe it is a investment and you are right - they put the rent super high so at least they can write of the loss on taxes because they really don't want to put up with the hassle of renters. Most likely looking to hold on for a few years and double the money.
    3
  43522. Well played🙃🙂 I needed this video...
    3
  43523. The perfect storm will occur once most Americans will burn their savings, run out of lines of credit and won’t be able to pay their credit cards debt.
    3
  43524. Perfect topic & timing. I enjoyed every minute.
    3
  43525. Oh ok... from the thumbnail I was boutta say "MICHAEL! THE HAIR....NOOOOoOooOo!!!" 😅
    3
  43526. Never ever buy insurance or extended warranty….for the past 20 years…every time I needed they gave me a bogus excuse and u still need spend on lawyer to get ur money u deserve
    3
  43527. Sell now at higher price and what then? Buy at overvalued price? It is ideal for people who have at least two homes
    3
  43528. If FedEx and UPS merge what would we call it? FED-UP 😉🤑🤪😛
    3
  43529. Cool vid! Thx
    3
  43530. Great win by the dolphins 🐬 today. Tua 6 tds. That's fire 🔥
    3
  43531. I agree that there won't be a severe recession. But it's hard to say really.
    3
  43532. Miami housing market is a fantasy. That house is a 6-900k house at best.
    3
  43533. Very informative!! Keep it up 👍
    3
  43534. Take out a home equity loan and build a tiny home on your property to rent out.
    3
  43535. I lived in a high rise on Lake Erie outside of Cleveland. My family and I was so excited to live on the 16th floor. It was lit, I loved it. But looking back I’m now wondering how safe it was and how well that building was maintained. After what happen in Surfside, every high rise building is suspect to me. I’m thinking any building could be on the brink of collapsing at any moment. Being that the Champlain Tower was so nice is the most terrifying part. It’s truly eye opening. You CANNOT judge a book by it’s cover; even when it’s fancy.
    3
  43536. It looks like I am about a year late. I live in Idaho. I do really like it. Great state. We are getting invaded as well. Have wanted to live in FL for several year's. Thank you for the up to date content. New subscriber here!
    3
  43537. I posted some photos I took in Miami on Instagram under Jon_Srioghalmodhream this weekend
    3
  43538.  @MichaelBordenaro  we both enjoy the Christmas light displays in Miami. Great background for your walking videos
    3
  43539.  @MichaelBordenaro  the photo of the breakwater on Ocean drive is the most popular the other photos have less than 10 likes but I’ll post some more pics of Miami tonight which looks incredibly like West Los Angeles so much that I thought I was back home called my Mom sent her pics and she agreed it looks like Marina Del Rey and Beverly Hills combined and see if people like those or not
    3
  43540.  @MichaelBordenaro  I told my Mom that yesterday on the phone. This week Miami is exactly like where you live in Hollywood but by summer that humidity will make them completely different. The stores, restaurants and lifestyle would suit her but she’s like you, very picky about food restaurants. Hope you can make that happen and enjoy summers in California and winters in Florida. I’m divorced and my ex wife and kids plus my Mom are in California so I have to go back and forth whether I want to or not but I’d rather spend summers in Monterey or Santa Barbara than Miami or Jacksonville
    3
  43541. buy
    3
  43542. Sounds like another scam to keep these super inflated prices high.
    3
  43543. The more I see your videos, the more I'm looking forward to relocate to Florida. I this video you can see Spring Hill! Do you know more about it? I read that houses are not so expensive due to the sinkholes...!!
    3
  43544.  @MichaelBordenaro  it would be very much appreciated!!! Thanks!
    3
  43545.  @MichaelBordenaro  haha
    3
  43546. Cool video! Very useful for someone going to Miami.
    3
  43547. 2009 people were leaving in record numbers and walked away.....it is like that all over
    3
  43548. Thank you Michael 😊
    3
  43549. Your wife looks like Kate Beckinsale today on your beach walk! Have fun in No Cal.
    3
  43550. Was sipping beers on tap up the street there's a killer little snack bar that serves beer on top it was chilling and grilling over there back in April it was awesome there's a great little dog beach around the corner too
    3
  43551. Mike great video Thankyou for setting these negative people straight. I love Florida and Florida doesn’t need these negative people. Let’s keep it positive people maybe Florida is not for you!. Thankyou again Mike for all that you do. I appreciate you keep up the great work people like find all the information important!
    3
  43552. Doom and gloom? You’re no Jeremiah Babe…lol. Comes down to take it or leave it with your videos. Some people just have to be ball busters. btw, I like JB’s videos as well
    3
  43553. Hey Michael. When you go to Venice Beach make sure to get to see the "GIV" German in Venice a You Tube Video logger many of us here in Florida like to watch.
    3
  43554. Answer to you question at the end of the video: You're doing an excellent job as always. Love the outdoor scenic tour. Thank you as always, Michael.
    3
  43555.  @MichaelBordenaro  what are you talking about? he he. I always watch your vids to the very end and often wish that it was actually longer. lol
    3
  43556.  @MichaelBordenaro  I don't know. You could talk about clouds formation and you would still have all my attention til the end. I think people love your videos because they can easily relate to you. you're not pretentious but more down to earth and I love that about you. Hard to describe but it's like you're talking to a friend on a one on one basis when watching your videos. I'm sure I'm not the only one feeling that way. Keep up the great work that you do.
    3
  43557. Whats your view on buying new?
    3
  43558. How much does it cost to add attached enclosed pool, just little one for arthritis exercise
    3
  43559. Michael did you know anything about Deauville resort across from Walgreens? Do they still do business I know they have some fire go in on few years ago and they shout down the building! I'm curios see what happen! Thanks
    3
  43560. He passed in a house in unincorporated Tiburon. People magazine states the house he died in sold for 5.35M
    3
  43561. Homes were sold/short sold/ foreclosure sold at 50-70% losses in the last crash … we are definitely going to see 2019 and below sale prices in the not-so-distant future.
    3
  43562. Love your videos, they are on point! Invest invest: Real Estate, Stocks, Crypto, etc! 🎉
    3
  43563. Merry Christmas Michael and Lisi. Your Christmas tree was beautiful. Great video
    3
  43564. P.S. Pinnacles National Park might be a place that you and Lisi would enjoy! Also, the wine country up there is amazing!
    3
  43565. Never paint bricks!
    3
  43566. The owners.
    3
  43567. Lol. I lived in Woodstock in the 00s. Moving to Inverness soon.
    3
  43568. We need a recession! Its easier to rebuild an economy than it is to repair the one we have.
    3
  43569. Also, Waffle House was my favorite Florida Coffee Shop restaurant. Any thoughts on that? Wish Ca. had WH.
    3
  43570. Great routine nd lifestyle brother....👍😀... Great views Michael... appreciate it..
    3
  43571.  @MichaelBordenaro  your video title caught my attention as a housing provider. Because rents have to go up to help off set increased property taxes, insurance and other associated costs and then I read your comment here, fair. Rents I raised July 2021 was between $15-$100, with only 2 of them being $100 because property taxes took a hike early last year and again this year. I haven't raised anyone's rent this year but I am expecting another big hike in property taxes next year when the massive school levy passes this fall. It was very close to passing a couple of months ago. Anyway, I thought I was more than fair with my tenants.
    3
  43572. Your mom is lovely. ❤️
    3
  43573. Killer beach walking footage California native - CA is a R E D state, the voter fraud here is off the charts the political scene is complete fraud. The liberal trash only lives in the cities--the free stuff argument doesn't travel far outside the city limits. Yes, Marin is amazing, I'm in the Marin of the south OC. CA is amazing but not really so much anymore. We are loosing our jobs to other states.
    3
  43574. I don't mind an upgraded older house but how about energy-efficiency?
    3
  43575. That's good to know, thank I live in thanks Michael! I live in an old house now 1940's and the pipes are old lol.
    3
  43576. One problem! Listing are at an all time low. That will keep prices high. Supply/demand . That is how markets operate. Supply is at historical lows.
    3
  43577. Watch the movie “Lost Angels - Skid Row is My Home”. It’s about homeless living in Skid Row in LA. Some are mentally ill, some are high, but they don’t want help and they don’t want to live inside. So, what’s the answer besides force? They lie around in alleys, live out of a shopping cart, hang out by a fire in a barrel. Should be illegal.
    3
  43578. What up
    3
  43579. This was wonderful
    3
  43580. I absolutely love your channel.. You discuss relevant topics based on your experience. You give good sound advise thank you.
    3
  43581. Any building three stores and higher within three miles of the beach, must pass inspections for concrete and all rebars. If the inspection fails the building must be condemned. The buildings in my Condo Community had all concrete and rebar rebuilt 7 years ago. Each owner payed 17K. The roof was also done. Be warned.
    3
  43582. You bring up so many issues we all need to think about. Thanks for your time Michael. I'm in Canada and plan to retire to Florida in 2023. I will definitely heed you advice and get your opinion. Love your videos!
    3
  43583. What are your thoughts about the rising water levels in florida and investing in homes near the water? Long term investing effects?
    3
  43584. Very heartfelt video. Awesome. I wish your whole family happiness and good health. 😊
    3
  43585.  @MichaelBordenaro  Yes, except WInter Park!
    3
  43586.  @MichaelBordenaro  Yes, should have invested there 20 years ago.
    3
  43587.  @MichaelBordenaro  excellent!!!
    3
  43588. Do you see the Miami codo market prices falling, and if so would this be a time to buy Due to a unfortunate event that happened?
    3
  43589. stay away from high rise living it is the worst type of living with huge expenses
    3
  43590.  @MichaelBordenaro  i am in one now and it has been a nightmare for 15 yrs great area but lost FHA financing 2009 and host of assessments totaling over 20k. the only saving grace is the whole foods coming next year increasing values greatly just two blocks away after that I want to sell and get out Miami beach could be my new home. It seems like it offers almost everything that I need minus the hurricanes your videos offer sound advice on the area and Florida. i gotta google the good areas of Miami beach!
    3
  43591.  @MichaelBordenaro  I agree with your thoughts HOA and bad mgt are main culprits. At this point I'm just looking for something small a house would be to big fir my needs
    3
  43592. Must be nice to feel some fall weather ❤
    3
  43593. I did FSBO on Zillow with home in NC. Listing was constantly messed with, hidden under others. So happy the day I sold that.
    3
  43594. Evictions are back. Rent is due !
    3
  43595. Low price/high interest rate. You can hopefully refinance in the future at a lower rate and lower monthly costs. But high purchase price is permanent, plus higher closing costs and property taxes.
    3
  43596. A very serious con is the drivers, the drivers suck so bad it's ridiculous
    3
  43597. Love your content ! Thanks 🤙🏻
    3
  43598. I just closed on a house just like this one in St. Pete! Super similar, open kitchen with a bar, large backyard, front porch... super sweet!
    3
  43599. Thanks Michael
    3
  43600. Football time !
    3
  43601. I agree that nowhere in the world we find the comforts of home, BUT exploring the world on the web is just not the same. I must go places and see things where they are with my own 👁️👁️...🤣
    3
  43602. Where's the data to support this?
    3
  43603. Pretty cool! I wondered if what they said was true about lots of live music. And it is! I hear ya regarding closing up shop at 9pm that would be hard for a night owl lol. Looks to be a really nice place, thank you for sharing. Lisi is looking lovely as always :)
    3
  43604. I liked how you stopped and showed the Halloween decorations and the ocean. I would find your videos less interesting if you moved to the Midwest and your walking around Columbus Ohio.
    3
  43605. Let us know ... i love success stories... this stuff has been around forever and i had never heard of it .. i only paid 2.99 and no, i don't have shares in the company ...
    3
  43606.  @MichaelBordenaro  I think it’s the times we’re in right now. With everyone wanting a bit more freedom from the Covid rules from other states St Augustine seems to be spur of the moment packed at times. Yeah you’re probably right I probably did get lucky. Honestly you never know around here when it’s gonna be crazy. It used to be easier to gauge being around tourists and the regular, now it’s just a free for all lol
    3
  43607. Michael, I really enjoyed watching your video.op One thing you might have overlooked is they advertise a cheap rent, then they nickel and dime of the renters. A surcharge if you have a dog,a parking spot and more... in any case good job can't wait to see the SW edition.
    3
  43608. Thank you Michael for doing these videos I really appreciate you 😁. Because the men in my building is really ugly and I almost cried every time I have to pass one in the hallway so thanks again for being handsome and smart and keep the videos coming. ❤️
    3
  43609. This was an awesome video.. thanks bro
    3
  43610. Everything needs to collapse!
    3
  43611. The bubble home insurance in Florida. Make sure you reply to citizens letter or they will kick you off citizens then your screwed.
    3
  43612. In 2008/2009 many people had their Home equity loans called by the banks. This screwed up a lot of people’s credit when they could not pay it off. HELOC loans are not covered by the same laws that a mortgage is.
    3
  43613. Beautiful shoreline and the bustling 🌊 are breathtaking, God's stunning handiwork, thank You, Lord 🙏 and thanks for sharing Michael! Oh, the boyfriend gotta go 👉🚪
    3
  43614. Yes assesment increases are limited, but there is NO cap on changes to milage rate. Milage is also not voted or approved in most tax jurisdictions by citizens. It is set by the board. So in theory, your assessed value could continue to fall, but the milage rate could be adjusted to INCREASE taxes. Congrats in the award. "A MAJOR" award like they say in the movie "A Christmas Story"!!
    3
  43615. Thanks for l the great info. very good when you present the listing for homes you encounter on the walks. Can you also include a google map or aerial view of the neighborhood your walking in, This would provide a better viewer perspective and the relationship to the water. These Million Dollar listing must be close to or have water view .in a high demand location .
    3
  43616.  @MichaelBordenaro  ok sir thank you for a very understandable explaination much appreciated and also will you buy another website or apps again
    3
  43617. If it keeps on raining like this, you're gonna need a boat!🛥⛵️🛟☔️💧
    3
  43618. Wow 😍 Great video my friend.Good quality.Keep it up I support you 👍+🔔🔔
    3
  43619. Really love this videos so realistic ♥️
    3
  43620. Ten Dollars a case eh? Good news for Budlite, wouldn't you say?
    3
  43621. Michael, I think you know I am against rent control and other artificial matters that distort the housing market. But I can't really square your dislike of taxing empty properties with your (what I see as) complaint that foreigners are buying up property in Florida. What is the difference if an (absent) owner of a property is foreign or US citizen? Owning property and keeping it off the market is also market distorting, especially if in the same breath you work hard to enforce crazy zoning laws (which we know the rich do in California and other places), because that is just a way of pumping up the value (reducing affordability) of your property. Would we accept this for other necessary goods like food or fuel? No, we wouldn't. I am all for taxing empty property, but that income must then be spent building affordable housing. We cannot have a functioning society where residential property is seen as purely an investment object rather than a common good. It creates too many social problems, as you also often point out. Keep up the good work.
    3
  43622. Tip on parking. That public lot is free. Don't pay to park in a private lot without first checking the public lot. It has many spaces.
    3
  43623. Just pull up your bootstraps guys!
    3
  43624. But normal people can't afford property tax when their home is worth say 1 million dollars !
    3
  43625. The Baby Boomer Data is Correct.....My house is paid Off....Even with all the equity I can't afford to move... Where the hell would /Could I go !!! And I live in NW Florida.......No place is as affordable to live as where I live now ......I feel sorry for the younger generations .....
    3
  43626. Thank you
    3
  43627. Are there any? Any crappy cars in Florida? OMG I live in North Carolina and I haven’t seen that many nice cars in a lifetime. High living in FL!
    3
  43628. Dollar Tree sells junk... Dollar General sells stuff people need. If Dollar Tree is going under that just means people dont have money for junk. If Dollar Generals start going under then you need to panic.
    3
  43629. I sold my big fancy house years ago and bought a small condo with a large deeded dock. Now I take my boat and go wherever I want, Key west, Miami (fisher Island) Bahamas instead of paying huge property tax (100k+) and upkeep not to mention insurance and the lifestyle is way better.
    3
  43630. Wait till late fall
    3
  43631.  @MichaelBordenaro  Thanks Michael!
    3
  43632. I was homeless for 6 years after my last tour in the Middle East because of discrimination against straight white men in the military, but I took a job that trained me to drive 18 wheelers over the road until my situation improved when a better opportunity came along. Those who squat and don't pay their rent are criminals that deserve no mercy.
    3
  43633. The home prices are too high and expensive
    3
  43634.  @MichaelBordenaro  thanks buddy, any other online banks you recommend for business bank accounts?
    3
  43635. Great video Michael! I appreciate you!
    3
  43636. I heard prices were going down at Target. However, I was there yesterday & didn't notice any markdowns. Maybe that doesn't apply to all Target stores?? 🤔
    3
  43637. Bubble has already popped. Owners just don’t know it yet.
    3
  43638. With respect to Peter Schiff's thing about tobacco (around 11:00), you could expand that to things that contain lots of sugar. Coca Cola does well during recessions. Another thing that surprised me during the last recession was pizza. Fast food actually does better when people are poor, which seem counterintuitive because I eat food at home when my budget sucks, but I guess other people see pizza and burgers as vices for escape.
    3
  43639. Beautiful house! You should definitely buy yourself a single house, so much better than paying condo fee 😍
    3
  43640. hmmm .... interesting to hear your water was turned off (residing in a condo). I reside in a condo and our water was fine. Maybe it's a county thing ...
    3
  43641. Where is the best place to look for condos rented by individuals?
    3
  43642.  @MichaelBordenaro  I was meaning best website to go to, sorry I wasn't clear with that.
    3
  43643.  @MichaelBordenaro  okay, thanks! As a realtor do you help with renters as well? We're looking to move probably in the spring. Also, how far out do you recommend getting in contact with one (you) if so. I know the market is constantly changing.
    3
  43644.  @MichaelBordenaro  sounds good! Thanks so much!
    3
  43645. Hi Michael, thanks for your content. Since Miami has become so unaffordable and people have moved out, is there anyway to track were Floridians are moving too?
    3
  43646. Why are houses in broward still listed at $500k - $1M with contingent? Are these people expecting to catch a sucker or someone looking to move down from NY. That’s just crazy.😮 I feel like the BOA loans are a scam to hurt BLK and BRN ppl
    3
  43647. This video was so relaxing and beautiful. Thank you!
    3
  43648.  @MichaelBordenaro  Ok, so what do you consider an affordable home for someone making less than 50K in the U.S? The median home price is over $400K in the country. People making minimum wage or on a low fixed income like millions of seniors, where is there affordable rent or mortgage? I know seniors who worked their entire lives and they receive less than $1500 a month in S.S.
    3
  43649. Hi Michael. I don't know if you prefer Mike or Michael, sorry. I am 56 years of age, and I agree that working and 'saving' is not the formula for financial success, as I have been doing for years. Looking at retirement around the corner, I have learned that 401Ks/IRA/saving will not carry me through retirement to an old age if a major medical issue comes up during retirement. I found you after reading and watching others talk about how metals are and are not good investments. I am going into this idea with the objective of not investing, but I want a dollar to be worth a future dollar when I need it. Thank you for an honest opinion for us average middle America working people.
    3
  43650. Michael good morning.what is the web side you looking for the 🏠 besides Zillow.com.I see in your side show somes spot map with somes points,maybe is different ling.Thank you for your time.
    3
  43651. Stop by Tornado ravaged Mayfield, Kentucky. Destruction on an epic scale!
    3
  43652. This was great! Gives me hope. There are few properties you list here that I would totally explore purchase possibilities! I love that Panama City cottage-type house. I would totally redo the entire space. Also the Apalachicota house. So comforting to know there are still affordable houses out there. I'd stay away from HOA's for sure. Thank you Michael! Love this channel. Have you guys visited Lakeland? Someone told me Lakeland was a cool place to live.
    3
  43653. Cool Tom Brady info cool to see
    3
  43654. As interest rates rise, it makes more and more sense to pay off your house. I bought my first house in the 1980s at 12% interest (Volcker years at the Fed, when he was fighting stagflation) I worked two jobs and lived very frugally to get the house paid off in a little under 5 years. Living debt free (owning your home free and clear etc) is the best of all.
    3
  43655. Lake Whales. John 3:16
    3
  43656. Hey Michael, on that 3457 property they also had a Purchase Money Loan from the seller for $1,049,760...from Encino CA
    3
  43657. Was just going to pull the trigger on a brand new Lexus today. Then I had a moment of clarity. Taking on senseless debt is financial suicide.
    3
  43658. Michael, how about a step by step review of how to evaluate our local real estate market for the purpose of purchasing? Exactly what data to look at?
    3
  43659. why does everyone in Florida honk their horn :)
    3
  43660.  @MichaelBordenaro  first time i visited Miami i was jumping all the time. people just kept honking. people never do it in Dallas so it was noticeable. my friend had lived there and said everyone honks in Florida so get used to it :)
    3
  43661. yooooo jack made it to your channel
    3
  43662. WOWW. he really really loves his boy 🤙🏾 nice. why am I tearing up. smhhh lol shout out from NYC (MB)
    3
  43663. why you're not able to do Airbnb there?
    3
  43664. In San Diego there is so little inventory that getting in the housing market at high interest rate with the ability to refinance later is still a better deal than waiting and see. Rents are increasing 14% yearly
    3
  43665. Judging by those boats, lotsa people have lotsa money down there!
    3
  43666. I know for sure interest rate will go down some time next year bcz FED CAN'T keep on raising interest rate. Therefore I can say high interest rate is transitory. Unlike this administration's claim inflation is transitory. I don't think inflation rate/price will come down any sooner. They both are here to stay for a long time ! US CAN'T afford to pay their debts with higher and higher interest! Think about it, all these are just the game of life... money, housing price interest rate etc...
    3
  43667. I'm a small builder in Arizona I just closed on one house and got a contract on the other in 4 days. Sold both for full price. Things are slowing but the sky is not falling.
    3
  43668. The Great Taking
    3
  43669. does MLS keep track of tent prices? i would be very interested in a 8 man tent on the beach in santa monica so let us know the prices on your next video
    3
  43670. This looks like yall walkin down a neighborhood in the Gables or PCrest, lol; enjoy the weather!
    3
  43671. NAR quarterly stats came out 8/10. LA rsf (-5.4%) percent change yearly avg.... condo (-4.3%).
    3
  43672. Wow! That is a Huge Trip! Im excited for you. Can't wait to see!... Im a native and you chose the places I would... Good choice! My favorites are Jax, St Augustine, Sarasota and PC
    3
  43673.  @MichaelBordenaro  I didn't know that until you mentioned it. Is that something you just heard or is it in writing somewhere?
    3
  43674.  @MichaelBordenaro  I found this... Can I kill Muscovy ducks? According to federal regulations, residents can shoot and kill a Muscovy duck on their own property. The Florida Fish and Wildlife Conservation Commission said the ducks are fair game, as long as they are killed in a humane way The FWC says they can be shot on private property in the daylight using non-toxic shots or bullets.
    3
  43675. My only "complaint" is that I grew up in Oklahoma so Im not used to the lack of customer service/basic standard of politeness. People were still nice at higher end places but fast food restaurants, gas stations etc.....dont expect a hello or reply if you say hello😂 not everyone but alot dont care to be polite.
    3
  43676. WAIT,,, ☝️🧐,,, through out history, families have Always Lived together multigenerational, it's only since the 50's this started to change. Families braking apart created all kinds of social programs we are dealing with today. Google it, it's well documented., As far as the electric problem, look at history, did they build the railroad tracks BEFORE the demand? Did they build the first country wide internet BEFORE the demand?,,, Just when jobs are needed the government will pass a bill to rebuild the electric grid. How about historical data on late payments on utilities? Brake it down into categories,, 30 days, 60 days, 90 days etc,,, with out the big picture it cames across as hype
    3
  43677. Another good video!
    3
  43678.  @MichaelBordenaro  Thanks Michael 🚀 by any chance you don’t know of any Real Estate Agents in LA Area ?
    3
  43679.  @MichaelBordenaro  Oh! I see. Thanks Michael. That’s a great idea. The buyer sure better know the area well enough, though, to feel secure about seeing it once & slapping an offer down. Plus there’s probably already several offers on the table by the time they fly down. Sounds exhausting. I want “normal” again! Lol
    3
  43680. u rock
    3
  43681. Thanks for the videos 👍. Excited for this self isolation to be over and see more adventures!
    3
  43682. Great Video Michael, I believe that if you want to get a mortgage, one has to qualify for it.( Their Ability to Repay). They interest rates will go up, 10 to 12 percent. I think that is something we will see. I believe that VRM ( Variable Rate Mortgages) do have a place in mortgages. It would be for those more sophisticated buyers. I do believe that one will have to save money in order to purchase a house. I live in the Great State of California. Most properties here are at least 800k here. You have to factor in property taxes, insurance, and location. Some areas are more expensive than others. I work in insurance and some of the Homeowners insurance is very high. I can insure most everything but it will cost a pretty penny. Most people should really check on the insurance before they buy. The sound was great when walking with traffic in the background. I always look forward to your videos. 😁
    3
  43683. East coast Florida for me.
    3
  43684. I've gotten nothing but baths in the stock market, especially diversified. In my opinion, it's a suckers game.
    3
  43685. Just went on Zillow and checked out st Augustine - didn’t look bad honestly
    3
  43686. THANKS⚘🌻😊
    3
  43687. Great Video!
    3
  43688. Nice video. Thanks
    3
  43689. Probably New York City people. No way those homes are worth over a million. In 2 years they’ll be at 700k
    3
  43690. The insurers make a reasonable point that most folks don't have the funds to cover a disaster on their own. However, it's a moot point if the insurers won't pay you in the event of a disaster. For an example, see Florida's latest hurricane/flood.
    3
  43691. Agree 2 days a week, that’s what we do.
    3
  43692. What's Up?
    3
  43693. Michael, that was awesome, thank you for making the trek and sharing it
    3
  43694. Many expect social security will not be available when they retire. The amounts many have lost in their 401k's only makes retirement out of reach. Individuals will most likely be working until they pass away. Inflation, poor policies, printing of money will hurt and is effecting everyone. Goal will be survival.
    3
  43695. I like the Jupiter Florida area and have been really considering moving down there
    3
  43696. You are leaving out a huge part of the workforce which is working online. Tons of people work online now and can move wherever they want without the need to plan as much.
    3
  43697.  @MichaelBordenaro  I've seen a lot of your vids actually haha. Theyve really helped me and I'm very certain moving to FL is the right decision. Any other vids would be great to look at
    3
  43698. Beetlejuice beetlejuice beetlejuice
    3
  43699.  @MichaelBordenaro  I hope they stay this price so that I can snag one in ten years
    3
  43700. I'm a landlord in Canada believe me it goes both ways bad tenants and bad landlords. The reason we end up this way is because of mostly bad landlords or property management forcing governments to put up these laws; now they're just ridiculous laws for both sides.
    3
  43701. Colorado Springs, incredible, great skiing 2hrs away, mountains right out the backyard, nice city down the road, unfortunately Denver is the LA of the rockies :(((
    3
  43702. I always say if I could wave a wand and change one thing, it would be to have cell phones never invented. Yes, they're a huge convenience and I use mine all the time and I'm on Facebook and YouTube obviously excetera, but if we never had them we wouldn't miss them. I like, as you said, the old days when people called your home and if you weren't home they left a message on your answering machine. Or if you just didn't feel like answering LOL. Also, I truly believe cell phones have destroyed a large part of our social interaction with each other. It's really sad, everybody's looking at their damn phone. Anyway, I'm loving this cooler weather also Michael!
    3
  43703. ❤️being Grateful of what you have ❤️Simple life ❤️
    3
  43704. Dude...
    3
  43705.  @MichaelBordenaro  Thank You & You're Welcome...
    3
  43706. This is good content
    3
  43707. Link for the sunglasses your wearing?
    3
  43708. Florida is going to have to expand to accommodate all the new residents. Maybe one day me and hubby will be one 😉
    3
  43709. Lovely area. My husband says it’s not real Florida until you see a coconut palm. 🥥 🌴
    3
  43710. You know what else is thru the roof. DEBT lol
    3
  43711. Great vid dude. Tkx
    3
  43712. Great topic and shows how even when the median price is one number for the state how there are many places within that state where you can get property much cheaper. Each market location has its own price structure. People have to realize in locations like Florida, California, Arizona, NY and Washing DC, and other high demand places there are international buyers and investors that are also the cause of prices going up than the average Joe. There are corporations involved and builders as well. Some of these buyers never really live in the place they just hold, maybe rent it, and wait for situations like these when they can cash out and start the process again. It is sad and Michael you touched on my point back in a video where you said locals are getting priced out. Like at the towns like yours where these condos went for something a reasonable person could aspire to in the low 3, 4, 8 hundred thousand to 3, 4, 5 million plus after the builders tear down the old and rebuild. I believe my Florida dreams are still alive and I'm going to be patient and prudent and wait for the time that is best for me. Thanks
    3
  43713. Buying oceanfront property during Climate Change is kinda stupid TBH. As far as responsibility goes, they'll all pass the buck to one another, and it'll be in the courts so fucking long that you'll prolly die before getting a settlement if you survive. Building on the shifting sands of a barrier island is the epitome of asinine.
    3
  43714.  @MichaelBordenaro  Let em then, but stop insuring them.
    3
  43715.  @MichaelBordenaro  If they can't afford the insurance, they sure as shit won't be able to afford the space.
    3
  43716. I love when smart people work together for the good of other people.
    3
  43717. LOVE YOUR CHANNEL THANKS !!!
    3
  43718. Is it true that basically every community sprays for mosquitoes? Might be a dealbreaker unfortunately
    3
  43719. Great Video! Lots of valuable information!!
    3
  43720. I am a realtor in Toronto, and it's exactly the same here :)
    3
  43721. Thank you nice job
    3
  43722. Bidding wars are back in the zip I've been patiently waiting to buy in coming up almost 2yrs....so sick of this 💩 🤡🌎 prices still elevated & rates back to almost all time highs are ppl really this dumb? Sigh... Guess I'll just keep saving
    3
  43723. That burnt house sold for that price? Yeah, there’s an ASSSS FOR EVERY TOILET SEAT.
    3
  43724. You’re gonna hit 24k subs in no time my friend!!
    3
  43725.  @MichaelBordenaro  Doesn't the red tide glow?
    3
  43726. No worse than driving in Atlanta.
    3
  43727. I've had to lay people off. When covid hit, I had to lay a bunch of people off and shut down locations in two different cities. It was the hardest thing I've ever had to do. I did everything I could before I laid people off. But it didn't matter in the end. I eventually had to close the entire business. It was during Covid and the business was dependent on large groups of people gathering together. Small business owners typically know their employees and their families very well. Laying people off to save the company is THE hardest thing you ever have to do.
    3
  43728. We are witnessing the pull of mean reversion playing out in real time. A market can't appreciate 3+ standard deviations above its historical average with an inevitable correction to bring it in line. Home values are a function of local wages and interest rates (rents & interest rates for investment properties) . Call it a correction or a collapse, I call it basic math.
    3
  43729. Nice crossover! Cheers gentlemen! 🍻
    3
  43730. house across the street sold in 3 days sold for $120,000 house 2 streets over priced at $195,000, still on the market for 2 months. houses in this neighborhood sold for between $30,000 and 40,000 in the 80's most are 2 bed 1 bath
    3
  43731. Not too bad for late fall. Im sure if you went in summer that place is rockin'. Thanks for sharing.
    3
  43732. The government needs to stay out of the rental business. If it costs too much, the market will take care of it. If people can't pay, then the costs come down. Simple!
    3
  43733. Why has Tampa become so popular
    3
  43734.  @MichaelBordenaro  hey Michael... Thanks for that info. So it's the federal tax you have no choice in paying? So 24k a year then after that it all depends on what you buy? Ie house or rent. But if you buy a house the tax is a one off payment or is there annual property tax to pay? After watching your video I think St. Augustine or Orlando would be my choice... I'm sure kids will pick Orlando!
    3
  43735. Good luck with that investment. I wanted to do it a few years ago.. Didn't have the courage. I wanted Tesla stock but too high to buy now. I think if you keep it it could be a great moneymaker for you. Thx Michael
    3
  43736. Beautiful home. it will sell in one day.
    3
  43737. Great. Where are the good nightclubs, restaurants, and bars in NB, Surfside, and Bal Harbour?
    3
  43738. Interesting how many of these financial advisors, give terrible financial advice...
    3
  43739. Mike, I have a question for you about something I'm seeing happening my my area of St. Louis. I've now seen multiple listings where someone is trying to sell a historic home that is completely stripped out inside. With no functioning kitchen/bath, the house will not qualify for a convention loan, so the only people who could buy such a property are cash buyers. Who would start a full gut rehab that they can't finish?
    3
  43740. I'm surprised. if you believe your equity will drop in the house substantially, you should take it all out now and then when the drop happens you hand them the keys. perfect 2008 scenario. remember countrywide 2nd mortgage loans! ha ha. then take that money and buy your next house 3 years later 50% off. zingo!!! or buy a new car outright, etc. it's free money. the only warning I have here is houses were way overpriced in 2000s and today they are slightly underpriced. so that big drop is going to be a challenge. and it's not worth it if the house doesn't go down.
    3
  43741. Wow, you are providing so much value here! Thank you for this education!
    3
  43742. Smart man I appreciate the content
    3
  43743. Thank you for your honesty & the tour of MIAMI.🦩🦩🦩🌴
    3
  43744. Real estate prices are like that all over the country. I just moved from Minnesota and sold my house for double what I bought it for.
    3
  43745. I think Dad did a great job in this vid! Go Dad!
    3
  43746. Video idea..grocery prices compared to where you came from ? Good work love watching!
    3
  43747. I don't blame the flippers as much as the people who are willing to throw their sanity (and money) out the window and buy something like that.
    3
  43748. No, that guy got ripped
    3
  43749. Finally, which city in Florida did you choose to live in? I mean, which one are you looking at now?
    3
  43750. Thank you for that nice message Michael.
    3
  43751. Absolutely Banker I love it
    3
  43752. They should be on Dateline's how to catch a predator.
    3
  43753. Real estate is dead
    3
  43754. I watch the adds to support this channel
    3
  43755. Congrats,,,,,200k subs
    3
  43756. You can maybe keep track of the streets you walk around and go back to the neighborhoods to make parte 2 , 3 and so on ..
    3
  43757.  @MichaelBordenaro  Good idea! diferent formats and rythm ... And ofcourse less tirying for you when is really hot.👍🏻
    3
  43758. Glad you pointed out the difference fir St. Augustine beach as my Congressman lives there and less than a mile difference away is another congressional district
    3
  43759. So how far are you from mar a lago and rush limbaughs place
    3
  43760. Wow great video! This is one of the fee places i havent been to in Florida. Ive been to tampa/clearwater which is nearby.
    3
  43761. I thought you wear sandals in Florida.
    3
  43762. First
    3
  43763. Thanks for all the news of things that are bad. How about positive and uplifting news mixed in? Good work. Thanks.
    3
  43764. They already tax the rich more... People who make statements like that don't understand how money or the economy works and that's why they're not in the "rich" bracket.
    3
  43765.  @MichaelBordenaro good to know
    3
  43766. I don’t know when to buy real estate to reinvest. My expenses are covered by 30%-35% of my household income. I own a good percentage of my two properties, currently 50-60%. If the housing market drops 30 to 40%, I could purchase, but I’d be terrified to pull the trigger going from a strong position to a much weaker position
    3
  43767. Clearly, power washing is not a big business in Miami.
    3
  43768. Are people really making offers on beach front condos there after the tragedy??
    3
  43769. Okay this time...but next time you do an indoor video, you'll have to play the guitar for us...the solo from "Ramblin' Man" would be nice... 🙂
    3
  43770. Happy birthday! :D
    3
  43771. Come to florida its great
    3
  43772. Thinking to move to Daytona Beach or Port Orange ?
    3
  43773. I’m the same way…any way I can gain points I’m all about it because credit card companies don’t make anything off me cuz I pay em off at the end the month! But I will follow suit if they implemented this digital currency!
    3
  43774. How about rental properties? I'm planning on moving out there Sept. I just can't stand it here in Seattle anymore.
    3
  43775.  @MichaelBordenaro  Yes. This was going to be my permanent FL waterfront retirement destination but prop taxes, etc, are forcing me to cash out.
    3
  43776. If the economy loses a million and a half jobs its ok. We have 10 million currently open. That is the problem. There is so much excess demand, from a decade of Fed purchasing assets and endless money printing and low interest rates, that a recession and job losses are the only way to address it. The bad news is that losing a million and a half jobs isnt going to be enough, that will mean we still have 8.5 million jobs open. And because of boomer retirement we will have at minimum 400k new openings every year. So interest rates will be going higher and longer than most people can believe. Things have only started. And once oversea markets start imploding, like Japan, China and Germany are currently doing (wow the next top 3 economies), all the things they once supplied us will have to be built here in north America again. This will increase job demand even more leading to more inflation. This is what the end of globalization looks like. Everyone being poorer.
    3
  43777. This bubble of inflation is the last straw for the middle class. Most are now slaves to the plantation owners, while the fat cats print more money.
    3
  43778. Congratulations 🎉🎉🎉🎉
    3
  43779. Keeping it honest Michael and we love you for it!!!
    3
  43780. Well said , cheers
    3
  43781. Bro is necessary to know Spanish in Miami ? I don’t know any Spanish ? Got job offer to work in USPS there , so already would have a job
    3
  43782. Great story, yes you have to go for it in life because otherwise you'll look back some day and ask yourself why didn't I at least try. I think you made the right choice California just has too many issues. Traffic, smog, fires, mudslides, earthquakes and just way too expensive. I had the mountains in NC but to me I'd rather go visit the mountains on vaca and always have the beaches here. It's all perspective but I can tell you summers are hot in NC too. Very hot and humid and no ocean if you're inland. It's more humid here at night that's what I noticed but I think its still worth it. Good vlog!
    3
  43783. Feel Bad for all the suckers that paid over asking price like crazy people
    3
  43784. Those outdoor living areas are UNREAL! I think we could handle living there :)
    3
  43785. Mike your great 👍 Get the dashcam. Nick Murray recommends sone.
    3
  43786. Go to Disney and you will see plenty of women over 30 who have no children and do not want children or marriage and they wear disney dresses and eat and drink all day at Disney. These women can afford Starbucks everyday and getting their nails polished weekly and wear loungefly bags daily. So many selfish women out there who do not want responsibilities. If people can buy a Telsa, they can afford a baby.. I became a mom in 1988 and I was a single Mom. I raised my son myself and on my paycheck. I made SACRIFICES !!!!
    3
  43787. I love your walking tours! It's great to see the neighborhoods & hear your real estate insights. I'm watching the Tampa area & one of the houses I'm watching has been on the market for a week & they just dropped the price by 25K. It was overpriced (in my opinion), but it's starting to come down to a more realistic price. I agree with you that the insurance situation is a real problem! I'm trying to stay informed on that issue too, but it looks like it has a ways to go before there's a workable solution. Thanks again for your videos!
    3
  43788. Much needed info. Thanks!!
    3
  43789. I love the purchase price. My husband and I are looking to retire in Florida
    3
  43790. Literally was saying Wow Wow Wow while you were reading that story. Great minds think alike 😂
    3
  43791.  @MichaelBordenaro  oh I bet it is. But I think it's worth it, personally
    3
  43792. Excellent video. You nailed it. These are common real estate problems throughout the country. Congratulations on your YouTube channel. Wiishing you all the best & all the success you deserve.
    3
  43793. Bias confirmation is a thing, of course, but it's a more complete view of how the voters are experiencing the economy. Wall St vs Main St.
    3
  43794.  @MichaelBordenaro  good video by the way. We are looking to move to florida very very soon, most like west coast and preferably tampa area, or a bit south toward sarasota. Just trying to figure out with work visa, as we are not retired and need to work😂. Not a problem to cash a house in florida at this point.
    3
  43795. his an enemy of the public with that type of advice lol
    3
  43796. We've been trying all year to get down to St Augustine from CT to narrow down where we want to relocate in 2023 (waiting for only child to graduate HS). Like the Sarasota area but may be a little too crowded and people are still flowing into the area. Covid has disrupted our relocation search but will definitely be visiting FL within the next 6 months to decide, your videos are very helpful
    3
  43797. Homes are only affordable for foreign investors.
    3
  43798. Hey man been watching your videos for a while. My brother lives in st. Augustine, and I'm up in morris, Illinois. Ive been wanting to move there for last like 10 years, and I really think this is my year. Shooting for the beginning of fall
    3
  43799. Indeed I love St. Augustine! I can't wait to get there. My crypto investments have blown through the roof so that is funding my move. Thanks for your videos... you were the first one I subscribed to when starting my search for Florida vids, and I was super pumped when I saw st Augustine on your top places to live. Also love your guitar set up- from a fellow musician.
    3
  43800. Rather than walking (slow) or driving (stressful and too fast), how about by bike. On your helmet, attach a good Go Pro Hero with image stabilization. It would be nicer and easier for you because you'd be outside and still covering a lot of ground.
    3
  43801. RIP to that Scion @6:35
    3
  43802. Michael B. - 2028
    3
  43803. food will go up because no water west of Mississippi, oil will go up because of the war and greed
    3
  43804. Lizzy’s funny in the background! 😁
    3
  43805.  @MichaelBordenaro  Yes! the final bill rent is a little cheaper..still depends on area.
    3
  43806. Michael they’re being brought up by big time investors to mobile home parks I don’t know if you’ve heard of Brandon Turner he has open door capital and they all built up buying up all the mobile home parks and the reason the wrench it’s too bad they’re greedy greedy all I got greedy greedy people
    3
  43807. Movie channels for the win!
    3
  43808. Odeta Kushi is a she, and she works for a mortgage and insurance company. Never ask a barber 💈 if it’s time for a haircut.!!🤔
    3
  43809. I like the linked one better, lol. Layout is peculiar but i do love the remodeled kitchen. I love these videos! Look forward to more!
    3
  43810.  @MichaelBordenaro  yes the location is great considering the price! But it’s like when we get people at work that want “the cheapest one”, get ready for the headaches that come with cheapest one. 😂
    3
  43811.  @MichaelBordenaro  Agree with you on that. The size isn’t too bad though. Depends on your needs and if you want to deal with random small steps and maze like set-up, lol.
    3
  43812. You need Water, bags of rise and frozen meats and you are set, O yeah you need Gas!
    3
  43813. Is it in the Sunny Isles charter that you have to have a 2018 or higher year car? That half of those have to be luxury cars. lol
    3
  43814. Fed is so determined to cause recession. They are so fixated that this inflation is caused by the easing of their monetary policy, when this inflation is really caused by the scarcity (shortage of supply.) We still have not seen the supply catching up to the demand. We may see a short burst of supply of food in the next few weeks. And we should see the shortage of food. And then we will see a real inflation. Our oil output is still way below 2020 level. Biden administration is so oblivious of what to do. Since we voted for disaster, that's what we are getting. Just wait until a year or so. There will be a chance to make it. If you are scared of missing out, go ahead and buy. We will make money off of your stupidity.
    3
  43815. At one point mortgage company try to offer 50years Loans 🤪 for bad credit buyers
    3
  43816. Do it only if it is right for you . You are still young. I had the opportunity to live in Europe when i was your age and regret it.
    3
  43817. Hey Michael on South shore drive when you rounded the corner at the stop sign you missed the statue on top of the house the monster silver statue. ! You need to go back and talk about it!!!😂
    3
  43818. Great info, thanks
    3
  43819. Half million dollar affordable housing. 'Murica
    3
  43820. just adding a text line to support the MB YT channel , the beautiful thing about down grade house and car is feeling i m avoiding to burn my money, a different smart feeling .
    3
  43821. Miss me with the ‘comrades’ at work; office culture is toxic and distracting The f’ stick boomer managers are butt hurt because they worked their entire life to get corner offices and now there’s no one to ‘see’ them Also, mid-management is completely exposed as redundant in this work from home arrangement…they are the only ones who want to be in the office
    3
  43822. If u make it to Nor Cal come by and say hi…At the beach….
    3
  43823. I'm from Los Angeles, California and I'm living in Clearwater Florida
    3
  43824. Nice Video. I m planning a move to Florida and thats how I started to watch you. Now I watch just to hear what you say. I agree with most of it. Enjoy your insights and good luck with your channel.
    3
  43825. another great show--very clearly presented
    3
  43826. Hi Michael..our home in San Francisco went pending 2 weeks ago..I could see the market was slowing..we priced low at 1.5 million hoping to get around 1.8 to 2. We only got one offer for 1.7. We took it because things are slowing down. Even really nice remodels that usually get snapped in a matter of days are sitting.
    3
  43827. Price is what matters. I buy cash only and will not participate into debt. I save invest and buy when it's cheap.
    3
  43828. Hey you made it to St Augustine this year! Except it’s unusually hot this week into next week
    3
  43829. Michael, I know ur audience us focused on Florida. But I wanted to get ur thoughts on sinking ground due to rapid new development. I live in Houston, a flood prone city. Our nearby suburbs of Katy, Spring, and the Woodlands have exploded in popularity. Lots of new homes being built, but ground is beginning to sink. I was thinking of buying there once the housing crisis calms, but Im really worried about flooding. Anything a homeowner can do to mitigate the risk? 👀
    3
  43830. Nice sights and sounds and adventure. I want to visit San Francisco next year. City has plenty of wonderful attractions. Sailing adventure is great, worth trying.
    3
  43831. I Agree Im getting 5.15 0n a 10 month CD with credit union . Im saving 50% 0f my income , getting a plane soon (:
    3
  43832. You are going through PTSD. It is normal. I worked in the WTC. You have to live with your level of comfort. I would never live in a place that I couldn't leave by a flight of stairs. Be proactive and get involved with building association. Even houses need regular structural maintenance. It's not all about aesthetics.
    3
  43833. The debt everywhere is a ticking time bomb
    3
  43834.  @MichaelBordenaro  heat index is stupid. 106 degrees with dry no humidity is way more comfortable than 80 degrees and 100% humidity, and even less. Humidity suffocates you. Not to mention the sweating.
    3
  43835. Florida Caverns State Park in the Panhandle have Caves State park in Jackson County, Florida Check out San Sebastian winery in St. Augustine 😊
    3
  43836. Hi Michael, can you provide me with an email so I can use your services as Realtor there in Florida? I also want to talk about foreign investors I have in mind. Thanks, Robert
    3
  43837. Nice video really liked it. When a builder makes a loss on a project it (the loss) doesn't vanish out of the thin air. They'd really like to limit their losses, but I bet they'd take free cash from the government to keep the building cycle going.
    3
  43838. Loving your videos! Thank you for the valuable content! I would appreciate some videos about how to choose the most family friendly condos or neighborhoods in Florida, particularly south eastern. (Family friendly to me is about safety, outdoor activities and areas to enjoy and play where children feel welcome, a community feeling within a condo or neighborhood in general, somewhere where lots of other families are also, and diversity is highly preferred)
    3
  43839. print baby print! i sell gold for a living 👍
    3
  43840. When the snowbirds leave so does the money.
    3
  43841.  @MichaelBordenaro  curious you mentioned wine i also love wine..what is your favorite?
    3
  43842.  @MichaelBordenaro  malbec is 1.of my fav reds...if you dont mind sending the link sure and thank you!
    3
  43843. Michael, this is the comment I was referring to. Pease comment when you can. You are probably winded after your Florida tour. It’s amazing that you are in St Augustine now because I was there just 3 weeks ago looking for a home resale with a realtor friend. We saw several homes that we could have bid on but before we could get back to our realtors office, the homes already had multiple bids (some over the asking price). So, since I could not act fast enough (and we have a home to sell in Chicago), we decided to look at new construction since it would give us time to sell our home. The new homes were nice and modern but they all came with HOA and CDD fees because they were in gated communities with lots of amenities. I’m not fond of these fees but my realtors take is they keep the community looking good. Also to buy new we would have to purchase all new appliances. What a dilemma!
    3
  43844. This park looks really awesome! I love walking through the park. I live in CT and the parks are nowhere near as nice! I can't wait to move to FL.
    3
  43845. Im planning my move from lake geneva to Clearwater beach, right on the beach!!! Not knowing anybody is the scary part. Im so close financially and have been watching all your videos!. These long winters up north def affect my mental health.
    3
  43846. Makes sense to me..I'm glad we're going back to a more balanced market. I'm sure many people now are feeling like they're holding the bag and who knows that could lead to a mini crash 😕
    3
  43847. I agree there will be foreclosures properties price will drop. In Arizona we have many rental homes and apartments empty rent is dropping try get tenants. There was a house listed downtown Phoenix listed 380 buyer paid 310,000 during hot market couldn't find a listing downtown for 350,000 condos were 400,000 up. I couldn't find a condo for my client approve for 360,000. Now comps will change since a house sold for 310,000 now banks will appraise at 310,000 not originally listing 380,000 now people owe more then they owe. The market will crash it is a cycle.
    3
  43848. Thank you for nice explenation‼️
    3
  43849. Haulover Inlet boat videos are too funny! People who don't know how to boat should stay away. Looked fairly calm in your vid.
    3
  43850. I sold my 2022 Electric Ioniq 5 last week. The infrastructure for electric cars is not sufficient in Florida at this time.
    3
  43851. I hate the combo of heat and humidity so FL is out.
    3
  43852. Mass economic hurricane might crash this stubborn market
    3
  43853. Skyrocketing prices. Lol this comment I did as I'm still watching the video, just by looking at the title.
    3
  43854.  @MichaelBordenaro  Sadly, $290 000 for a townhouse in almost any neighborhood is crazy, and if you look at the new constructions even worse. Have a good day.
    3
  43855. Man there are some really greedy people in this dirty world
    3
  43856. Michael Bordenaro much appreciated, thanks!
    3
  43857. from Minnesota
    3
  43858. Looking at a few areas, St. Augustine is on our list thanks for the video. What's your thought on Vero Beach?
    3
  43859.  @MichaelBordenaro Thanks! Stumbled on your channel. Looking forward to more content! #tired of the gray days.
    3
  43860. Hi Michael, I was actually thinking about several places to move to. Naples, Cape Coral, Bradenton, Fort Myers and possibly Sarasota. $500k homes are the average for me but I'm trying to cut that down as much as possible. $500k would be my max not counting equity I am bringing. I haven't ruled out anywhere else. Just brainstorming which led me to your videos.
    3
  43861.  @MichaelBordenaro  Thank you so much, kind sir. I know I will get flamed for this but I'm coming from Ca. Your advice is definitely helping me narrow it down more precisely. I think I am more like you rather than the retirement vibe, Lol. I truly appreciate it.
    3
  43862. Michael Bordenaro Cape Coral/Fort Myers area or Port Charlotte/Punta Gorda
    3
  43863. I am moving to FL at the end of 2023. Boca Raton which is my number #1 choice. I also am considering Fort Lauderdale, West Palm Beach and Coral Springs. What are your suggestions? I currently live in Long Island, NY.
    3
  43864. Hi! Me and my fiance have been binge watching your videos! We are from Cleveland ohio 🙄 and seeking to move within the next year or so, we love to be outdoors, and was thinking of the Orlando area..we've visited 2 years ago..AND LOVED IT! CAN YOU PLZ RECOMMEND A REALTOR?!
    3
  43865.  @MichaelBordenaro  ok! I thank you sooo much! I'll continue to watch your videos, they inspire me😊🤜🏾🤛🏾
    3
  43866. Michael Bordenaro Brandon, Florida
    3
  43867. I’m looking to move to Melbourne, FL by the end of 2021. Do you have any recommendations on the best area in Melbourne?
    3
  43868. @Michael Bordenaro my wife’s sister literally lives 5 minutes from Cocoa Beach. We go at least twice a year to visit and to vacation. I’m in law enforcement and I’m actually in the process of applying for the a Brevard County Sheriff Dept. If all goes well, we’ll be Floridians by next winter! The main reason we’re moving is because of the crime rate here in Philly. I was born and raised here in Philadelphia, but lots has changed since I was a kid. My wife and I both decided that our girls will have a better education in Florida. Especially in a small town such as Melbourne.
    3
  43869.  @MichaelBordenaro  Thanks for the quick response! Love the videos..Very helpful. I live in Atlanta ( by way of Massachusetts ) and i enjoy the change of seasons but I've always loved being near the water.
    3
  43870. Thinking about moving to Jacksonville or Orlando next month. What are your thoughts?
    3
  43871. I am thinking of Punta Gorda and Port Charlotte but are they boring and depressing?
    3
  43872.  @MichaelBordenaro  I have a friend in Port Charlotte but now she has a camper in Melbourne so she won't be there but half the year. Punta Gorda is affordable but not much happening as you say. I am limited as to my monthly expenses, that is the main problem. I love the water and want a nice pool and want to feel really at home somewhere. Just don't know where.
    3
  43873.  @MichaelBordenaro  thank you very much. I can't find your video. Can you post the link please?
    3
  43874. where i dnt have to pay rent or slave for the rich so they can keep me renting
    3
  43875. I used to live in Miami Beach and Fort Lauderdale. I'm originally from Illinois. I used to work in Belvidere, IL.
    3
  43876. Miami beach ⛱ 😎
    3
  43877. But you just said that it is soon or already a buyer's market And now you claim it is not? Make up your mind, if you ever have any!
    3
  43878. Great video, I agree with all of this!
    3
  43879. In order to not pay property taxes they either paid cash for the house or they aren't paying the mortgage either since the mortgage payment includes taxes, typically.
    3
  43880. Starter home? I need a starter shed.
    3
  43881.  @MichaelBordenaro  thank you 😊🙏☺
    3
  43882. Michael, a King sized bed would take up all those tiny rooms in those new houses. It is not a deal for me to pay that much for those tiny homes. You can get a lot more house for your money here in Texas.
    3
  43883. Hi being watching you from New York how many bedrooms
    3
  43884. Hey, on the video it shows that it’s a 1 bedroom ✌️
    3
  43885. Pay back your debt. You signed your name pay it back. I payed mine!!
    3
  43886. If you sign up for hilton honors rewards you can get those extra amenities that you mentioned. The more you use it, the more perks you get.
    3
  43887. I left CA six months ago. Insane restrictions there. In AZ now where it is much more relaxed while building a home in Panama City Beach FL. Can't wait to live there!
    3
  43888. Good luck
    3
  43889. awesome sharing and wonderful tips sir....^^^
    3
  43890. I have The Villages several times since my friend bought a home there several years ago. I was just there in July for 2 weeks. There are golf cart trails all over The Villages. You can take a golf cart from Spanish Springs town square to Lake Sumter Landing and Brownwood Paddock town square. Alll of the roads in The Villages are paid for with tax dollars so they are accessible to the public. At a gate if you don't have a gate pass, you press the red button and the gate will open. The Villages is a community with gates. It is not a truly gated community. There is a difference.
    3
  43891. I like HOAs. I have crappy neighbors and they would never mow their lawns if it wasn’t for the threat of fines.
    3
  43892. UK the USA and Germany are now sending tanks to Ukraine this can get a lot worse real quick this is very concerning
    3
  43893. Just did the same thing from NYC to Boca Raton.
    3
  43894. I didn't know you were married. Thant's very nice. I can tell you two are very happy.
    3
  43895. Money printing up/ AKA GDP is up
    3
  43896. Love the serene views. I'm a little jelly :)
    3
  43897. You are so right when you say have patience!!🙏😊💕
    3
  43898. Good day. Great video you made ! Next time can you take your glasses off please? Its much nicer to see someone s eyes as they talk . Plus it puts people at ease with seeing your eyes than eyeglasses on . Yes i do believe that the condos rules n inspections are going to be a HUGE difference to the condo owners n their hoa fees . No way would i live in a high rise condo ..they dont impress me at all. I guess because i grew up in an old stone house with no running water at times. We had a fire at the house when i was 2 years old ..yes i am the baby of the family. I remember everything about that night also.. My parents forgot about me on their bed !! They got the 4 other kids out but not me ! I remember the fireman in his outfit picking me up and throwing me out the window to those white circle tarps ( i dont know what the name is for them ) he threw me out and i landed in the middle .. That was only the 2nd floor !! So if i lived on the 17.18 th floor of condos and theres a fire where do you go ? You cant jump out the window..so i guess im just a scaredy cat !! Lol lol GOD BLESS EVERYONE AT THE SURF CITY CONDOS . I HOPE N PRAY THEY FIND EVERYONE SO THE FAMILIES CAN BE MORE AT EASE ABOUT THEIR LOVED ONES. ENJOY YOUR WEEK MICHAEL !! thank you kindly for sharing .
    3
  43899. In other words we are F! Da!? We are Homeless Paying 2K per month to a Landlord we never met! Broke with nothing to do but watch doom videos!🧤
    3
  43900. I feel you on the food. It is rare to find food that is worth it. I think people just don't know the difference.
    3
  43901. It seems they are trying to drive the average person out of homeownership.
    3
  43902. The government helping out multi-millionaires while hurting Joe Sixpack in the process. That's the American way.
    3
  43903. I'm stocking up on tinned food and water.
    3
  43904. It’s not the consumer interest rate would crash the market. It never was. It’s those hedge fund and pension funds investors would get their shit squeezed out by rate hike. They will have to dump their RE portfolio to recover their balance sheet. That’s when the market will see a dip, probably not crash. The current situation already priced majority first time home buyers out of the game.
    3
  43905.  @MichaelBordenaro  if stock market keeps falling like it’s doing now plus fed hike the rate on the 16th. We’ll start to see inventory increases rapidly. There isn’t a supply issue, which is different from inventory issue. There are the same property sold in 2021 comparing to 2019. It’s the demand issue, especially FOMO buyers and whoever locked their rate in the beginning of the year for low 3%. But once things go south together, shit show will start. Again, probably not a crash (>20%) but likely a pullback (5-10%) or a correction (10-20%).
    3
  43906.  @MichaelBordenaro  around 216 Sq ft assuming 1500 so. Still pretty affordable
    3
  43907. I'm sorry guys but me nj realtor with long time experience telling you ppl in here been waiting for slower market for 12 years now and not happening lol
    3
  43908. This was absolutely awesome and educational. Driving on the beach is kind of a bucket list item for me, being a gear head. up here in the Maryland. There are several beaches that allow this, on the east coast, but not in MD that I'm aware of. That would make for some awesome pictures with almost any cool car. Daytona I think is a place to consider living. Thanks for showing us. I been following all your videos and sharing them with The Wife for she can see what we missing. I would think it would be cheaper than the South Florida area. The racetrack is a plus for me. That umbrella blowing is funny unless your car is the one it hits. I'm going to have to research that area. Post the result of the rental situation. Keep them coming. Loving the videos.
    3
  43909. So tragic. Maybe it's time for you to find that house.
    3
  43910. I'm curious about lakehouse real estate in Florida. Thinking about moving there. Want to be on the water but I'm a fresh water fisherman.
    3
  43911. Any beach cities for 40 year old
    3
  43912. Probly not !?? Knock on some wood Mike !! lol !!!! My sister and I went to Dunedin for a daytrip and as soon as we went into the first shop ,,, the shop owner had her purse stolen from behind the counter. It gave a bad feeling for Dunedin . It looked beautiful there but that just was too close for comfort and seemed like an omen. It can happen anywhere.
    3
  43913. Sold 1year ago in San Diego, living in a rv in az. Waiting
    3
  43914. Hiiiiii Johnnyyyy!!!🤗🤩🎉🩷
    3
  43915. You completely deserve Michael.. appreciate your hard work...can you do a tour of Bayshore area of Miami beach??
    3
  43916. Was in a bidding war just the other day. Got beat out by someone who offered 50 k over asking price. This was for a 1 bedroom home.
    3
  43917. He only does real estate deals in Miami Beach 😉 Good luck with your move to Sarasota👍😎
    3
  43918. I want the truth. Ty Michael!!
    3
  43919. Yes. It's call 'birth tourism'. Women travel at 7-8 months pregnant from all over the world to come to the US so they can deliver their baby here. They get to stay and the baby is an American.
    3
  43920. I grew up in Panama City, Beach, before moving to NYC where I worked for 34 years; and then moved to Miami Beach. Agreed! I never understand why so many of the homes in Panama City Beach were made out of wood. Yes, Hurricane Michael really stripped many, many trees. Panama City Beach has been well known for its sugar-sand beaches, and it has been called “Redneck Riviera,” because of all the people from Alabama and Georgia who visit there. But I don’t think that’s necessarily true. Too laid back for me compared to Miami and Miami Beach.
    3
  43921. Longboat Key is gorgeous.
    3
  43922. Still doesn't mean your taxes aren't going to go up!
    3
  43923. Thanks think I got scammed on ebay bcz I knew scammers on all of them I will tell .my company order from to ensure they look for certain thing,I ofto subscribe
    3
  43924. God Bless You Michael!
    3
  43925. Why in the world does the U. of California have $4B to invest in something like that? Education is too expensive.
    3
  43926. I live in an area where vacation rentals may be the biggest factor in price inflation and the "housing shortage". I have to wonder about the role of rental fever in our current bubble and what will happen to this business during a recession. Vacations are an easy thing for people to cut out of budgets and I suspect that way to many people got into the vacation rental business.
    3
  43927. Why do most Miami neighborhoods don't have curbs?
    3
  43928. So true
    3
  43929. nice spider
    3
  43930. The new plan is to be poor because the rent is too damn high!
    3
  43931. What about flood zones in these areas?
    3
  43932. I live north of Boston in bedford this area is the best but the houses are hugely overpriced and nearby town billerica was a starter family house town no condos or apartments statewide shit show
    3
  43933. Jacksonville is a bad area?
    3
  43934. Great video and message Michael! I will have to check out this book.
    3
  43935. I could not afford some sudden assessment of more than a few grand. I would be happy for some developer to pay me off and take the unit.
    3
  43936. Beautiful forest walk/talk, love it.
    3
  43937. Great video! You gotta update us on what happens with that one attempt flip on that condo!
    3
  43938. Why you always repping Carioca gear hombre? You should move to Rio.
    3
  43939. They have to build smaller houses and more condos. I grew up in a 4 bed 2.5 bath house built in the 60s and it was more than enough. I see new houses being built now and they are much bigger but the family size is smaller now than in the 50s and 60s. I don't know why people need such huge houses with 1 or 2 kids and sometimes no kids. All i need is a condo and those should be able to be built pretty cheaply. There is a ton of land in the US.
    3
  43940. Yes we have neighbors that just got a 4th roommate also friends that have moved parents in and got a bigger home
    3
  43941. Truly wild that people watch a video about how the last bastion against “woke liberalism” is pulling the exact same money printing shit blue states are and still automatically resort to blaming the Biden administration. This isn’t a political issue. This is an unhinged capitalism problem. And every time you bring politics into it, you do exactly what they want you to do: blame your fellow Americans rather than the greedy fucks screwing you. Great video Michael.
    3
  43942. I literally love listening to you talk (not embarrassed to say it either) :-) You're so positive!
    3
  43943. WTF!?! No synchro??? No one in the city learned traffic fluidity back in school? Bruhh, is this what I will have to deal with once am in Florida? A bunch of learner drivers with over 10 years of experience behind the wheel....
    3
  43944. Love your show, that being said you are not going to ship the water from the east coast to the west coast so we run out of water on the east! Stop trying to grow things in a desert! If they want water get it from the ocean, is it expensive to build these plants yes but that's the price of living in arid conditions!
    3
  43945. Thank you! A very informative video.
    3
  43946.  @MichaelBordenaro  i will be watching more of your vids, before i make my decision. Thanks again!
    3
  43947. Great Job Man. People need to wake up.
    3
  43948. If you're a couple renting and living together, definitely save for a house before getting married*. Once homeowners, you'll likely be more practical planning your wedding. *If you need to get married for tax, medical benefits, etc...and can't wait for homeownership, just get married by a Justice of Peace. No one needs to know. 😉THEN have a wedding later and pay cash for it after you're settled into your new home. In the meantime, SAVE EVERY PENNY you can. Be cheapskates and challenge each other on who can save the most. Make it FUN. You will gain much respect from one other and strengthen your marriage.❤
    3
  43949. Live very minimalist Work 60+ hour weeks until you have enough paid off rental properties then semiretire and travel
    3
  43950. Miami is the first to inflate and the last to deflate and has been since the drug money of the 1980's. -That is why I am no no hurry to sell, there is an unlimited number of fools willing to lose their shirts in this market.
    3
  43951. So cool! I love how the houses are built scattered up on the rock
    3
  43952. YEAH BECAUSE AFTER GETTING CAUGHT TWICE, WELL YOU NO MORE JHANDS AND NO MORE STEALING. 🤣😂
    3
  43953. Now do the same with houses
    3
  43954. I hope you guys know that the governments plan to get out of debt is to cause hyper inflation. If a loaf of bread costs $1.2 million at some point in the not so distant future, having $32 Trillion in government debt would be nothing to pay off (slight exaggeration for example purposes). Just so ya'll know what their gameplan is in regards to debt and spending.
    3
  43955. I thinks showing the properties as you walk is great. Please keep doing it.
    3
  43956. Fun video man! Nothing like Subway sandwich on a nice beach day. 😆🙌🏾Hope to see more of these vlog videos soon!
    3
  43957. Michael Bordenaro woohoo! Thanks man!
    3
  43958. Well-done Michael, interesting topic to discuss. 👍🏾
    3
  43959. The Fed not unloading the MBS as promised is really criminal manipulation of markets.
    3
  43960.  @MichaelBordenaro  sure Michael. Please tell me how I can email.
    3
  43961. We moved to SWFL 9 Years ago and love it. We thought about Arizona but I wanted Green grass and water Tucson Has none of that so we chose Florida. We moved from Ohio. So glad we did. Keep the Florida Videos going
    3
  43962. What do you think about the Florida down-payment assistance program?
    3
  43963. Give people a carte blanche to be jerks and they will. Many thrive on exerting power, just like nonsense we went thru in '20 because they could.
    3
  43964. Finally some logical advice on the housing market!!
    3
  43965. 100% right on Beverly beach
    3
  43966. Hey Mike, what is your opinion regarding the single family home rental market in the coming months?
    3
  43967.  @MichaelBordenaro  Man your video is depressing. I realize I might NEVER "own" (well, let's get real you don't really own it) a home. 😑
    3
  43968. Really enjoy your walk and talks!! Good info and insight and enjoy your occasional sarcasm!!! Have a great day!!! See u in the next one!!!!!
    3
  43969. What happened to the “just for men” treatments? Past 12 months the grey has taken over, but looks more real now. Glad you moved here, Florida is better for your presense. Congrats on your channel growth.
    3
  43970. they ...the deep state/ 60B/ come all in / no inflation/ 34T/ etc
    3
  43971. I’m excited! First episode is next week Tuesday morning. I’m also doing an IG Live with the first bachelor on Tuesday night!
    3
  43972. Santa Claus is coming to the market this week
    3
  43973. Wich beach are you walking? Wich city ?
    3
  43974. I think you are right on point and can’t agree more with your commentary
    3
  43975. Lord take me back to the good ol days!😊
    3
  43976. My water bill is 0$ and I would like to keep it that way.
    3
  43977. i love your daily walk Michael i listen to your show on the drive home, it feels like chatting with a very knowledgeable friend in the car
    3
  43978. But NOT travelling or drastically cutting back on it can start another circle of airline, rental car, and hotel, etc. layoffs, contributing to the recession, and causing the administration to bail them out again due to seeking votes for the upcoming mid-terms and the '24 election.
    3
  43979. ive lived here 15 years built a business family and friends but don’t let the small town feel fool ya it’s got some shit people and places
    3
  43980. Good luck and have fun! :) I'd suggest exploring Navarre single/multi-family houses for us if possible.
    3
  43981. Plenty in The Villages.
    3
  43982. Great advice Michael, especially about learning the market you’re interested in and the pre-approval process. Happy New Year! 🎉🎊😁
    3
  43983. I’m up north and haven’t seen the sun in probably 2wks. It’s 9 degrees and we have snow with more coming tomorrow. It’s so depressing and I’m sick of it. I need sun and palm tree 🏝 in my life.
    3
  43984. Cool vacation I’m sure youve had a good road trip, do you have to pay state taxes based on where you work, in this case California?
    3
  43985. Um…nothing like Miami but cool
    3
  43986. hey you just walked n front of one of my properties by W 33th street on flamingo.
    3
  43987. You finally took off your sunglasses🤩
    3
  43988. I grew up not too far from you in Rockford. Levings Lake was my getaway spot!! Always pleasant to visit home…thanks for sharing and all the best!!
    3
  43989. Thank youuuuuuuu ....
    3
  43990. No HOA is ever good. It’s a mafia
    3
  43991. I love Florida
    3
  43992. Thanks for showing this, Michael. This is good information to keep in mind for soon-to-be residents!
    3
  43993. Do you purchase hurricane insurance, if it even exists, or does your homeowners insurance cover everything?
    3
  43994. It’s like looking into the future. Not sure that’s good or bad. 😂
    3
  43995. Yes! More quiet and quaint but still central.
    3
  43996. Are those 'reserve studies' being done on multi-story apartment complexes? Structurally what are the differences between a condo and an apartment?
    3
  43997. Ha ha, your Naked Wines link is dead. I already use them, got lured into it by an ad on Twitter. If you absolutely want to pound wine, and never go into a store for it, join up. If not, read the fine print first! Another great video of some charming pads. Anybody with a career that can transfer to these areas, can really ring the register. I just haven't come to terms with that, and it may only work when I fully retire.
    3
  43998. 1✌️
    3
  43999. Thats a lot of ad...
    3
  44000. There will have to be intervention eventually. High rents mean less discretionary spending for consumers for the broader economy. The rental money does not circulate to the economy at all from the large corporate landlords.
    3
  44001. The Real Estate Brothers from another mother.
    3
  44002. The market tells me it s more about 30 year monthly mortgage amount. If more ppl qualify for a loan, then ppl will buy in. I wouldnt be suprised if gov offer 40 years mortgage in the furture if the market is very bad
    3
  44003. Hey bro, according to the Case-Shiller U.S. National Home Price Index in late 2017 seems to match the peak housing price index before the crash in 2007. The pricing index levels are currently 40% higher now than late 2017. Is this only because the ULTRA rich are bidding up the rare properties to skew this data? And what level do you think the current market prices eventually fall to before finding a bottom. The same (40% drop) or lower than late 2017? Or maybe only (20% drop) from here, so it will maintain 20% higher than late 2017 and peak 2007 levels? Thanks and enjoy your videos.
    3
  44004. Great video!
    3
  44005. Great work! Video quality is really good.
    3
  44006. They were excellent in my opinion, but these videos he posts are being filmed on the iPhone 13 pro max!
    3
  44007. Great video, as always! I love these neighborhood walk and talks and getting to know these beautiful areas of Miami. I was wondering where a good hotel/resort would be to stay, if I came with my husband and son. I love the Delano, The Eden Roc, The Fontainbleu, and The Biltmore Hotel in Coral Gables, BUT I don't want a party vibe with loud rap or club music blaring. Something nice and with all of the amenities, but without the raucous party vibe. If there is a good family-friendly hotel on the beach, I would love to know about it, and exactly where. Also, will you be doing a video on the Bal Harbor area sometime? I am interested in all areas of South Florida...Ft. Lauderdale, the Keys, etc. Thanks, Michael! :-)
    3
  44008. Dan C Totally 😆🕺🎩
    3
  44009.  @Lisithedogwalker  🤣🤣
    3
  44010. Clearer than that can't be said...
    3
  44011. Great advice ,,,super info....thanks
    3
  44012. It's important to keep in mind. Powell can print unlimited dollars but he can not print gold or silver!! Always take delivery of real physical coins or basic bars 🍸
    3
  44013. I live by Carmel-by-the-sea, California and it’s beautiful 🤩
    3
  44014. Happy Thanksgiving
    3
  44015. If you’re concerned about safety, you have to choose a house.
    3
  44016. lower the cost of housing in california before asking people to give up their hard earned money - seems like the leadership in california is lacking
    3
  44017.  @MichaelBordenaro  That’s alright, keep ‘em coming! You filmed a lot of interesting places and beautiful scenery. Awesome that you are going cross-country. And for the music, they usually have it on the Alton Road end of Lincoln road right by the Movie Theater, I’ve seen a few bands play there and a few weeks ago they did a movie night that you can just walk-up and watch.
    3
  44018. When the market crashed in 2008, the bank significanly reduced our HELCO. The banks might need do the same by next year, especially in hard hit regions.
    3
  44019. Insurance was the straw that caused me to sell my rental. The I've seen my premiums increase by 100% from last year. It wouldn't surprise me if the same increase happens next year. I would rather sell it now and be wrong. Instead keep it and be right. I'm also not confident I can increase the rent enough mitigate the impact of the increase.
    3
  44020.  @MichaelBordenaro  Your videos are great nevertheless, very informative, accurate and honest. Certainly you're young and a bit of a free spirit, so South Florida will always be great if you're that way. There's always something to do, and the winters are unbeatable. It's a great place to be in your early 20's and 30's. You won't regret it when you look back years from now.
    3
  44021. Michael speaks the truth. All these other realtors are liars, ie Jerry Pinkas
    3
  44022. Your a smart dude
    3
  44023. The difference in Sweden, regarding the migrants, is that we have to pay for their living with our taxes and wellfare system. So they are even put first i line in some cities, and swedes have to give up their place.
    3
  44024. What did the sign say at Snake Creek Park Royal Glades Canal with a picture of a Manatee on it? No make zone?
    3
  44025.  @MichaelBordenaro  I’m embarrassed to say but Miami was confusing as far as getting around and knowing where I was, where I could park, etc. I think A1A is what I’m comfortable with since the linear north south makes things simple. Although California beaches more often have free parking Florida doesn’t seem to. The rest of Miami I would go down one street be in Haileah then back in Miami then another city in less than a mile. Miami looks similar to Los Angeles but driving around is different
    3
  44026. We should talk! I'm a real estate agent in Chicago and have enjoyed a lot of success in the market but just started getting into making videos. Would love to support each other and potentially collaborate in the future. I am also thinking of creating a podcast where I interview people like you. DM me on Instagram if you want to chat more @fullerlifestyle_
    3
  44027. Many realtors are cheap and dont want to pay a professional photographer or videographer. What you put in is what you get out. As far as drone, you need to be certified by the FAA before you launch or shoot.I recently created a video for a top producer realtor in Virginia and that mansion sold shortly thereafter. I am a professional videographer/photographer. (If the house looks ghetto then it probably is...)
    3
  44028.  @MichaelBordenaro  yes sir. In one video I had the Realtor jump on the bed and make pretend she was reading a cool book.
    3
  44029. I love the collabs. Awesome info, two cool dudes. Keep it going, much appreciated!
    3
  44030. Each party should handle their own agents fees. I think that is what that lawsuit is going to determine…… not eliminate buyers agent
    3
  44031. Man, I need a new clothes washer. It still works but it's definitely showing signs of it failing soon. I have cash set aside. My hope is that it will hold on until the appliance price drop .
    3
  44032. Lovely Message.
    3
  44033. Anyone who thinks we are not in a bubble that's slowly bursting is in cloud cuckoo land. Hold tight and buy when prices drop.
    3
  44034. Enjoyed
    3
  44035. Instead of pumping money into the economy by printing money, they should have let the economy crash and it would have fixed itself by now. Plus it doesn't help when gazillion of people coming to the states illegally which cause even more housing shortage everywhere. Where do these people suppose to live, with their relatives? Don't think so.
    3
  44036. I live seasonally in Port Charlotte and can tell you there are some very nice, quaint neighborhoods here.
    3
  44037. I predict the red states will break away from the blue Marxist states over this. States rights are sovereign, and we red-staters are tired of supporting freeloaders.
    3
  44038. Awww , its so beautiful this time of the year. I could hardly imagine the Christmas without snow until 2016 in New Zeland. thank you for sharing . Wishing you both a very Merry xmas and happy holidays .XOXO all the way from Canada
    3
  44039. Good Job America!
    3
  44040. I’m in Sarasota too. Thankful for my “cheap” mortgage payment from 2014 and low hoa dues. My horse is my biggest expense. 😀
    3
  44041. my insurance just tried to double the premium (in PA), to 1400.. they tried to say replacement value increased by double in the last year. eeeh nope. Gonna shop around.
    3
  44042. The one major problem with those states that have affordable housing is their real-estate value DON'T move ! You will be stuck with your money on a property that won't appreciate for decades to come sometimes
    3
  44043. Be nice Stuart. This is a happy video...
    3
  44044. I have a question sir, what happens if you haven't paid your Amazon prime for a month? Are they gonna cancel you prime?
    3
  44045. Well said, Michael.
    3
  44046. Wow You call that a deal ! OMG My parents bought there brand new bi level home back in the day for 35k. Crazy Crazy..
    3
  44047.  @MichaelBordenaro  Thank you for letting me know that this is a lending question more than a real estate question, but,....then of course if we could find a nice place in SouthFlorida for $100,000 or less lending wouldn''t even matter, but,..we both know that isn't happening anytime soon Lol.
    3
  44048.  @MichaelBordenaro  Yeah,....a tiny studio won't work for us. I guess we will just stick with our original plan, a 5 bedroom,4 1/2 bath,2 car garage, built- in swimming pool, and attached in -law-apt on 2 acres for $100,000 In Rock ford Il. Lol,....Btw,....I wonder which city has more plastic surgeons and tanning beds per population Miami or Rockford ? Double LOl !!
    3
  44049. Stay indoors ...
    3
  44050. Check your voicemail / spam folder.
    3
  44051. Great video man!!!
    3
  44052.  @MichaelBordenaro  Unfortunately everything has become political Everything! And you’re right it sucks! Too much anger
    3
  44053. The panhandle is weird.
    3
  44054. Someone told me that northern Florida is basically lower Alabama and I have seen lots of evidence to back that up 😂. It’s definitely a different vibe from south Florida. Far more rural and undeveloped once you get off the main drags. Highway 98 is just a nightmare until after about 6pm.
    3
  44055. That was awesome!! Especially about the tactics realtors use. Great information!! Love the scenic views. It's beautiful out there. Great job. Thank you!!!
    3
  44056. Doesn't make sense to buy realestate that will be underwater in 20 years
    3
  44057. Michael Bordenaro thank you ! I am currently having that problem . I’ll have to get a new fan then (:
    3
  44058. Great video. Can you elaborate on why you wouldn't want to live in Jacksonville? Thanks!
    3
  44059. Excellent video Michael, as always I enjoyed it. I am related too. It's funny to see you complaining but friend that is part of life and , "Life is good" !
    3
  44060. I also went away for 3-1/2mos last winter. I was going to do it again for 6mos...heading towards SE and do the Florida Keys. I kept dragging my feet, thought I'd still leave by end Nov. No way now, not after this mess. I don't need to add to chaos. Snow shoeing in Idaho, instead.❄❄
    3
  44061. Still cheaper then Toronto, Canada! They are on another level!! (The price range of a 1 bedroom apartment is between $1,279 and $9,505)
    3
  44062.  @MichaelBordenaro  It is that we live in the subtropics. Glad that we have air conditioning year round.
    3
  44063. Hello now it has changed to 30$ per refer and refree too then what's the terms and conditions now can you please help me??
    3
  44064.  @MichaelBordenaro  What's the minimum redeem amount and where can we redeem it?
    3
  44065. Michael Bordenaro would I still get the $30, if the order was $29.99? With shipping and taxes came out to be $38
    3
  44066. I agree with what the renters say, thats why i buy raw land that is zoned unresticted and live on wheels.
    3
  44067. Is tampa a good place to be a real estate agent?
    3
  44068. Stay safe.
    3
  44069. Hi Michael. These dunes and sea oats are rare for Florida and are protected. Good job again. Please keep exploring beachside and in the interior!
    3
  44070. It’s not racist! Many countries already do this. To PROTECT their country.
    3
  44071. Thanks for noting the good schools in Bay Harbor Islands. What are other good public school districts in Miami? Thanks for the fun and informative videos.
    3
  44072. 1
    3
  44073. Hi handsome, I mean Micheal welcome to st.augustine the real capitol of Florida.😉
    3
  44074. Hello michael, I have a weird question to ask. People tell me there are palmetto bugs every where in Florida. My biggest fear is waterbugs/roaches. Is this true?
    3
  44075. There are a lot on people with money just waiting but not the majority of the people have enough to buy property.
    3
  44076. Hi Michael! First thank you for your channel. I have been watching some of your videos as I am thinking about relocating (not sure where yet). Do you know how Florida is Equestrian Friendly? I am french, living in Los Angeles area and am wondering if Wellington is the only "area" thats equestrian friendly and am wondering how affordable it is in Florida to board. Not sure if that's down your alley but I figured I'd ask! ^^
    3
  44077.  @MichaelBordenaro  Awesome thank you for the tip! I will do more research on these locations that you mentioned. I am trying to dig into youtube to find people talking about the cost of equestrian living in Florida but it is tricky. In LA it's insanely expensive (for something super average). I'm working in Tech industry so I need to be close to big towns. Just looking for a middle ground between the horses and work ^^Gotta pay the bills! If you ever get inspired doing a video of the "Land/farm/barn" landscape of Florida, I'll be the first watching. haha Thank you!!!!!!
    3
  44078. We just returned from Coastline Rv Resort in Eastpoint. If you are a camper , you will love this resort.
    3
  44079. Great video on a fascinating topic. It’s kinda the flip side of the period of overbuilding that created the wall of south Florida condo towers that stretches all the way north to Ft Lauderdale. The silver lining being that the new buildings, having fewer units, might help to reduce traffic congestion in the area. They will be built to modern standards, hopefully with climate change in mind, meaning that they will refresh the infrastructure in the area, making it more likely to remain viable for longer into the future. I guess the question to ask is, given what we know about the congestion along the coast, would we, should we, build a 220 unit building supporting that many residents, or a building with half that many units?
    3
  44080. I am listening only to you Michael. You said over a year ago that there was no shortage in inventory only hyper demand of investors and 2nd home buyers. You only tell it like it is.
    3
  44081. We are wanting to get into our first home. We don't have the money to pay way over and are aware prices could go down but what do we do if we can afford they payment on an overpriced home. We plan to stay for a long time but I feel we still loose too
    3
  44082. Would The Villages be a good fit for a 60 y/o single retiree, or is the lifestyle and activities a better fit for married couples?
    3
  44083. I absolutely love your mentality, so refreshing!!! You remind me of my son, growing up he attracted people ALL the time from a very young age, didn’t matter if we were on vacation or at school or wherever.... people were and still are just drawn to him...but now I see him as more as a homebody with select friends and just seems so healthy.... And perfectly fine spending time alone, which many are unable to do. If you are not OK spending time alone, something is wrong, you need to be happy with yourself above all else.... be happy within your own skin per se before you have anything else to offer anyone else! So important to know this. I have witnessed girlfriends over the years that go from boyfriend to boyfriend, husband to husband, they can’t even fathom spending a month alone and it just saddens me so much.... As always, thank you for sharing, I love listening to you, you bring me back to What’s truly important in life and what truly matters. So young to have such an old soul! 😊 You are blessed for sure! 😘
    3
  44084.  @MichaelBordenaro  it will reach more people in time.... I notice alot of your videos that pop up for me to view are a year old at times, so it will circulate for a while I’m sure. 😁
    3
  44085. It also happened at the police building in down town Miami collapsed the parking garage was on top of the building it was older happened in the seventies my neighbors son sixteen his mom was a secretary. she went to work and never came home. It’s so sad and unexpected.
    3
  44086. Start putting your videos in the moving to Florida groups on Facebook. You will get lots of views. Keep up these videos very informative for those of us trying to decide where to move to.
    3
  44087. Michael check out san vicente blvd santa monica they jave many inexpensive apartment on San Vicente I live in a condo here bit in case u and wife r looking to sell and rent this is a good place to be away from the homeless and 1 block to all 15 20 million dollar homes including Ron Howard's estate and Bob Dillon which his daughter lives in now. Good thing only stairs on ocean ave that takes u to beach
    3
  44088. the volatility on Bitcoin is because of the $dollar the FIAT ponzi that is the dollar.. 1 Bitcoin = 1 Bitcoin . just like 1 oz of Gold = 1 oz of Gold . think about it .
    3
  44089. Not only should we ban foreign investment, we should ban investors in Florida period until the market gets somewhat back to normal. WWIII is going to be more of a priority soon.
    3
  44090. Totally agree on the electric cars Michael. Work that out in densely populated areas. City bus services, ect to see if you can make the infrastructure work.
    3
  44091. They will continue to fall because of rising rates
    3
  44092. Awesome!!! Another great video!!! Thanks for taking us along!!! Love the beautiful PEACEFUL beach which I prefer the PEACEFUL beaches & enjoying nature without the party crowds!!!
    3
  44093. Will we see the rise of the 40-year Mortgage?
    3
  44094. I feel we have a lot in common I am also a introvert and planning to get my real estate license and want to get into investing it’s a little intimidating dealing with ups and down as far as cash flow etc but that’s life I’d rather go through that then work in a cubicle and be miserable that’s not a life I want to live.
    3
  44095. Excellent! The details are great, everything I want to know. I’m curious about Hallandale Beach because I don’t see a lot of YouTube videos of Hallandale Beach.
    3
  44096. Thanks
    3
  44097. Where’s the link Michael!
    3
  44098.  @MichaelBordenaro  glad you're ok! First time injecting humor at your expense in your videos!
    3
  44099. screw the "investors." The past 5 years have been a huge run up of johnny come lately investors thinking they can get rich quick off of basically any asset class you can think of. It's all been a load of unsustainable nonsense.
    3
  44100. Very informative..great work
    3
  44101. Living in South Florida is not too shabby but my original plan was to move to California when I was in my twenties. We lived in San Diego when I was a kid but then moved back to Upstate New York where I lived until I was in my early thirties and moved permanently to South Florida. I used to buy the LA Times every weekend , planned and planned but never moved. I love South Florida and like you I have no regrets, but I have to say my heart is in Southern California. I know... I know... Everyone is leaving there and they have lots of problems. But last year we took a vacation and spent four nights in Hollywood and four nights in San Francisco. I loved it even more than I thought I would. I didn't see a lot of the negatives though I know they were there. The mountains and the architecture are incredible, and there is just a vibe in LA that you don't get anywhere else. I was in heaven but now I'm too old to move.. LOL, and let's face it, LA and California in general are MUCH more expensive than South Florida. But if I were younger and won the lottery, I think I'd live at least half the year in the LA area. I don't believe in listening to other people, it's good to do your own due diligence if you're planning on moving somewhere, but I don't listen to all the negatives. People have to experience things for themselves and I've always listened to myself and never regretted it. But yeah, my heart is in Southern California.
    3
  44102. With regards to researching the HOA before signing the contract: how much of that work could you reasonably expect of your buyer's agent? I would expect quite some, but I am curious to know what your think.
    3
  44103. GREAT VIDEO. Informative, very practical! Please continue with such good useful content. 👍🏽👍🏽👍🏽
    3
  44104. Safe travels. I hope you guys have a great trip ❤
    3
  44105. Who needs Dave Ramsey when there is Michael Bordenaro. You are way better 👍
    3
  44106. Great video. LOVE that opening shot! It’s good seeing a local’s cost of living, helps those who are moving to Miami Beach! 😎🌴
    3
  44107. Hi Michael, I have a question, how do they know people are running out of money, the government does not even know how much money they spend? getting a survey of 1000 people is not a reflection of people running out of money, Wondering how accurate this is.
    3
  44108. Thank you, didn't think I was alone in this thought.
    3
  44109. Love the story but what is with the afro and blackface at 8:16?
    3
  44110. Which one between Miami and Miami Beach would u say is better for real estate, or for more job opportunities too?
    3
  44111.  @MichaelBordenaro  thank you so much❤️
    3
  44112. Michael, you tan well! I can say that, oddly, with Finnish ancestry, I tan well. The worst sunburn I ever experienced was when I visited Key West. The sun is closer and it really does make a difference.
    3
  44113. Just saw a home wrecked by Ian storm they bought it a year ago they are selling it wrecked for $100k more than they paid a year ago
    3
  44114. Not as pretty as Miami Beach, Naples, or Marco Island 🏝
    3
  44115. Dang bro you have definitely been getting some good sun!! Keep us updated! Thanks for the content!
    3
  44116. Key West is incredibly expensive. If you live there and need to see a specialist doctor, or have a good selection for shopping, Miami is the closest option and it is a 3 to 4 hour drive depending on traffic and what part of the city you are going to.
    3
  44117. Today was 85 degrees??? You’re right, with the hot summer we had today felt like air conditioning weather.
    3
  44118. 😅 aka don't build in Illinois
    3
  44119. Oh no… home remodeling slow down what are those 10 million South Americans going to do for work.😢 oh never mind they get public assistance and free medical sorry, if you’re an American😮
    3
  44120. I wonder what the legality of taking money that was promised and given, back. What happens to the money that the person paid in income tax on this money??
    3
  44121. Thanks again Michael for sharing another excellent review. Would you consider using the 360 video it’s amazing.Kind Regards to both of you.
    3
  44122. Thanks Peter!🙏 Have a beautiful weekend!☺️😎
    3
  44123.  @peterbrimer1271  Absolutely!❤️Really appreciate your support Peter! Mike is having a blast making these videos for you guys! We can’t wait for our road trip!🚘😎 One of my doggie clients stayed at the four seasons in Surfside and really loved it there!😉 Hopefully you will be able to travel soon!🙏 Have a beautiful Sunday!
    3
  44124. Hey Michael, I love the new set up you got there Buddy. Blessings to you. Oh btw, The People Republic of California still requires masks for a lot of indoor establishments. SMH Not much changed since you were here last.
    3
  44125. The masses would burn down all politicians and globalist homes and banks
    3
  44126. Everything that your saying relates so much to myself. I’ve been dreaming of living there for like a year or so. Let’s be friends!!! Lol
    3
  44127. This is a great video, I never thought about living in a gated community though and your video helped, LOL.
    3
  44128. Am I the only one after reading a fair number of comments flipped out over Florida BUGS‼️If my current office is freaked out over a spider nest or dead skunk in the trap I’ll deal but love bug season⁉️Holy smoosheroo Batman. Flying roaches, June bugs, mosquitoes and the pesticides to try and keep ‘em to a dull roar 😷😳
    3
  44129. Yes! I want to see the implotion! Do the vid! 👍 Great idea!
    3
  44130. Code enforcement in Florida is the same as in New York. People need to understand that the county owns all properties and you merely rent from them. The government can do whatever it wants without due process because they have made it look like a civil offense against their property. Until this is changed the idea of real estate ownership is a big fat lie. The kangaroo courts used by code enforcement charge you more to fight than in a real court and you have to prove you are not responsible for violations which is impossible. The last time I worked with someone who had a squatter problem he had to go there and shoot the squatter to get him out and he had the odacity to try and sue, thankfully Florida has "stand your ground":.
    3
  44131. What would you say are some of the best for beach lovers and a safe area with a nice downtown?
    3
  44132.  @MichaelBordenaro  i'm willing to look into some options!
    3
  44133.  @MichaelBordenaro  great thanks!
    3
  44134. Will you be doing "5 Rental Problems we Still have in 2020" ?
    3
  44135. I'm traveling but lm also living in a multifamily home with my 2 daughters and their families and this has given us all more $$. We are deciding to live while we can because l do believe the great reset is on its way. So we are pooling our resources.
    3
  44136. lol 😅You’re back in tanks again. Meanwhile here in GA it’s 35° COLD😫
    3
  44137. 👍👍👍💯💯💯
    3
  44138. Well we are destined for a housing crash if you look at this perspective for sure. It’s definitely not young people under 45 with homes against the equity on their homes. It’s not even close. So who exactly is borrowing against their homes the most? With reports saying 70% of all homeowners are over the age of 50. We know this could be allot of seniors who could be on fixed incomes. That’s not good if they happen to face foreclosure. They will be made homeless or forced to seek moving in with someone being an eventual burden with old age problems.
    3
  44139. Greetings, I watched your video about how to rent in Fort Lauderdale and I was wondering if you can recommend any realtor that can help me with my move? Thanks
    3
  44140. Where do I click for 2 thumbs up?
    3
  44141. Wonderful! Love Miami!
    3
  44142. Great advice. Thank you Michael.
    3
  44143. Thank you, thank you, thank you!
    3
  44144. Great stuff! Keep it up and good luck. :)
    3
  44145. LOL and also the 63rd st. traffic delinear screwery where it sends the right 2 lanes off to Alton instead of staying on Indian Creek :D
    3
  44146. I would rather go with the place that has $1500 own your place.
    3
  44147. I love both. I have been to both. I look forward in visiting places I have never been, I'm going to check out, Fort Myers on the west and New Smyrna Beach in the east.
    3
  44148.  @MichaelBordenaro  and Fort Myers is no longer the retirement boring area. There everything now, retire, families, young people and children.
    3
  44149. I would move to Sarasota Florida from Minneapolis Minnesota in the year 2024 after my graduation from TASSEL Transition so i can attend University of South Florida Sarasota Manatee the reason is 2023-2024 SY (School Year) at TASSEL is my “age out” year since i would turn the age of 21 on September 6th of 2023 and given that Minnesota is dying state thanks to Walz and his cronies. I am moving for college and freedom.
    3
  44150. Yea!!! You got the pronunciation down for bougainvillea’s!!! Good job! Fantastic video!
    3
  44151. The guy in the background frantically burying a body lol
    3
  44152. I’m not looking to buy unless home prices 20% less
    3
  44153. NorCal is much more like the Pacific Northwest than SoCal in many ways -but then central Ca and the Sierras are also totally different from each other. SoCal and AZ are more alike sans the coast imo. At my property near Tahoe the water is better for looking at than swimming in and the climate is so dry your skin starts to itch if you don't use lots of lotion & you have to drink h2o constantly. People hate the humidity in Fl but everywhere has its pros and cons. Thanks for all your work, man!
    3
  44154. What is this park you're walking in? It's beautiful. ❤
    3
  44155. lets talk about world Famous Dania beach and pier were i live not under the pier . this is one of the best beaches in south Florida needless to say during the week its slow having the State park to the north makes the beach less crowded . parking is very good and easy especially if you have a sticker there is almost always a space . you can launch your kayak from the beach lots of different people canadians, russians, spanish many new yorkers like me its a low key just like i love it . there are many showers but were you are sitting most likely is in the state park which is mostly empty because the only real access is from Dania beach its much further north to get on. the pier is $3 to fish 2 to walk out there is a Pier and beach Cam very helpful if you are planning to visit
    3
  44156. After the 2008 financial mess, the only jobs available were 15 dollar an hour jobs. At that was for college educated. The rest of the people were getting 9 to 10 dollars.
    3
  44157. Boomers need to let go. There way too much pension in real estate and it's choking future generations.
    3
  44158. These are all jobs recovered for which are not being filled.
    3
  44159.  @MichaelBordenaro  Affirmative
    3
  44160. Yes. Keep showing the flips.
    3
  44161. WEEKEND GREETINGS MICHAEL 😃👍🌴
    3
  44162. Holy Sheet!! That is a monster association payment!! Changes will take place. Timmy C Arizona
    3
  44163. 10.25% sales tax in socialist Santa Monica in Los Angeles County
    3
  44164. Well said 😊
    3
  44165. Larkspur in Co is crazy nice too
    3
  44166. LOVE YOUR VIDEOS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! MICHAEL K
    3
  44167. This is a good video, I shared it with my friend. You made me look into Miami Beach because I previously thought it was the same as Miami, but since it isn't I find it very interesting. Do you think there is an average condo/HOA fee in all of Miami Beach? I'm looking at studios or 1 bedrooms
    3
  44168.  @MichaelBordenaro  I agree, very helpful answer thank you!
    3
  44169. What do you think about st Pete/Tampa market?
    3
  44170. Destin beach is kool emerald green water very pretty!
    3
  44171. Location Location Location.. If I wanted to live there that would be great place. But YES too expensive! This is a very strange world 🌎 that we’re living in. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    3
  44172. Michael, just have you children now. The crazy economy will always be crazy. I made the same decision after 2008 and it was the best decision I ever made except marrying my wife.
    3
  44173. Thank you ..
    3
  44174. I gross 41,000 a year income and my boyfriend grosses 75,000 and we are having a hard time with 60,000 cash to find a home on more than 10 acres in Wisconsin. We don't care if the home is a fixer upper but when you have people from Illinois buying everything up for hunting or summer properties, investment properties, local people just can't compete. :/
    3
  44175. What you’re saying about home prices being reduced is true here in Spokane. We have a relative that sends us updates from her realty company and I used to see new listings of maybe 10 or 15 each day and now we’re seeing 45 and up to 70 new listings. And the number of price reductions used to be nonexistent and now we’re seeing 20 to 40 homes that are being reduced in price. Still, prices are way above what we want to pay but I think it’s coming in Spokane.
    3
  44176.  @MichaelBordenaro  , I agree with you Mike. It's out of control. Some companies are now going to an ACV (Actual Cash Value) on roof claim settlements. That means that once your roof reaches a certain age, instead of non renewing you, they are going to take depreciation into account on a roof claim, just like an automobile. So for example once your roof reaches 15 years of age, and a hurricane damages it, they will take depreciation into account instead of paying the full amount for a new roof. I personally don't have a problem with that. I think it's fair. After all it is the property owners responsibility to maintain their property including the roof. Roofs do age and wear out.
    3
  44177. You’re 💯 on this video, thank you.
    3
  44178. Seems like everything is mirroring 2008. Guess what happened after the 2008 election? 😱
    3
  44179. 2024 election results: garbage in, garbage out
    3
  44180. Great video. I had to work because I like eating and having stuff.
    3
  44181. Omg I’m moving in July lol I love it
    3
  44182. Mike been traveling to south Florida for 25yrs stay at lauderdale by the sea Hollywood North Miami great place to visit!
    3
  44183. You need a shade manufacturer to promote their shade lines maybe one of the Miami fashion folks will reach out
    3
  44184. Congratulations on 100,000 ! Enjoy your scenic walk and talk
    3
  44185. I will check back in on Sunday!
    3
  44186.  @MichaelBordenaro  Than you! Moved from Jersey to Scottsdale AZ….no regrets. I loved when your Dad said to never look down on your children. This is so important……having spent a career in teaching. Wish you and family well!
    3
  44187. I totally agree! We have a rental property, which is managed by a Property Management person. We were told that we could raise our rent, since all rentals in the area were going up. Now, we have had this renter in our property for eight years I believe. They always pay their rent on time. Even during the pandemic they paid. We felt blessed. Our Property Management person always gets us really good renters. Anyway I thought about it for about five minutes. Then I told her, “No, this renter has been a good renter, and we are making enough profit right now. Maybe later on, but we are getting good rental income now, so I’m thankful. Say it’s our way of thanking them for being such good renters.” See it’s not hard. Really it wasn’t. I know they are on a fixed income, so keep the costs down at least in one area for them. You don’t have to know someone personally to do something nice for them.
    3
  44188. You are 1000% right, no one should be buying right.
    3
  44189. Out of curiosity, Mike...you plan on doing any sort of trip recap, of overall experience and thoughts of everything? Also, missing Home and your amenities and routine by now, or wish had even more CA time?
    3
  44190. What a ripp off
    3
  44191. Lol great thumbnail.
    3
  44192. Are these your grandparents of your mother or father
    3
  44193. His mother’s 👍
    3
  44194. I have been putting in offers for 8 months, sometimes as much as 200k over asking... and I QUIT. I give up. I am not buying a house. I did end up renting from an owner so I'm out of the market for a while.
    3
  44195. Was searching for some guidance, glad I found this channel :) Great wisdom here, thx for sharing
    3
  44196.  @MichaelBordenaro  Much appreciated. ✨ After attending a conference in Gainesville last year I stopped by Tampa and totally loved it there, an here in Mobile and just need more hippy vibe & a city life. Am planning on moving there, but it appears the only major downside is the public transportation.. I realize that not every city is like Austin's primo transit system but is it really that bad in your opinion? That's how I get around and it's almost a deal breaker..
    3
  44197. Saw a listing here in Ewa Beach that reduced their price $55,100....to $829,900....Around 2019 homes where selling for just under this in the very high 700K....they say Assumable VA loan but that loan would want to be 1st position so finding a lender willing to take 2nd position will be difficult now because of Wells Fargo's exit....your down to hard money lender's....💰
    3
  44198.  @MichaelBordenaro  , Ocala is a great location I can be on either coast in a short period of time, and buffered from hurricanes too.
    3
  44199. Don’t u wanna visit Cuba or to the Bahamas to check out the beaches there? This time last year I visited Cuba for 5 days from Miami. It cost 400 Dollars including everything (flight ticket, nice penthouse, food and some spending money.
    3
  44200. Thanks for all the info really helps
    3
  44201. subs count movin up like NVDA. Cheers bro!
    3
  44202. These homes are super values...they all look well maintained....location is the priority I understand and I really would want to know about the livability factor,,,can you walk to the park or go on a safe stroll ? Security is peace of mind. Thank you for thesevideos!
    3
  44203. Planning my move to Miami this June and this really helped a lot. Thank you!
    3
  44204. Same for me bro... I was a California dreamer but now Florida bound. Btw nice shades!
    3
  44205. IT already has Failed.
    3
  44206. Thank you for the information is very important we are looking to buy something in Naples Florida pot is so expensive I want to😪😪😪😪👏🏻👏🏻👏🏻👏🏻👍
    3
  44207. If i move again, then i will not be in an HOA, and get land with it.
    3
  44208. Merry Christmas Very Beautiful :)
    3
  44209. Where's the sunglasses guy that walks 😅
    3
  44210. Stock market bubble, followed by more stock market bubble, and yet more stock market bubble, while people can't afford to buy a house, or lunch at McDonalds. What could possibly go wrong?
    3
  44211. No jellyfish and bathwater are my favs. ;) I love Cape FL by the lighthouse. Nice snorkeling there - during the week. Then a bite to eat at Boaters Grill. The only problem are the mosquitoes when we leave because I like to stay on the beach till late too. They're more fierce than sharks!
    3
  44212. Michael great video. The Villages is a paradise for retirees, a Shangri-la for social and sport activities 😀. Thanks for sharing with us this little slice of paradise.
    3
  44213. End of school year means people can now move somewhere else, thus more listings
    3
  44214. I was surprised of how much I liked Tallahassee after visiting. Love the videos, keep up the great content. Also,check out Delray Beach Market and that whole area if you haven’t already. I think you’ll like it. 👌🏾
    3
  44215. I am scared of debt and I don't see how the credit-card criminals can put up their interest rates anymore. For instance, the interest rate can be 17% already.
    3
  44216. any suggestions for right area for accountants?
    3
  44217. Yes please show the implosion
    3
  44218. Not in Saint Augustine but Port Orange or seems more affordable
    3
  44219.  @MichaelBordenaro  Retiring Doctor so money is no issue for him (Thank God!) Thanks Michael!
    3
  44220. if you think these prices are a deal.. wait a year when interest rates are 20% .. like back in the 80's when the FED had to raise interest rates to kill inflation.. you think these are high interest rates your not seen anything yet.
    3
  44221. Congrats on making the news! I liked how your corrected their graphic (about the Villages) so viewers wouldn't be misled in a calm matter of fact manner. Hopefully the exposure will help your channel grow.
    3
  44222. The city inspectors need to be fired, put in jail and in civil litigation for there corrupt behavior towards that citizen
    3
  44223. Looks like another govt bail out for these reckless companies! They never lose they just play the same game! And move on to the next!‼️
    3
  44224. 😃Thanks you kindly for your videos! They are super useful for Homebuyers and Sellers.
    3
  44225. Lmao these haters want a personalized pity party thrown for them by you. Good riddance.
    3
  44226.  @MichaelBordenaro  the government is delaying the inevitable... Fed can't print money forever... The empire has fallen 🤷🏾‍♂️... Thats All Folks 🐔
    3
  44227. Thank you for this video Michael. The place looks very peaceful. It was pleasant hearing the voice of your lovely Brazilian instead of only yours the entire time. I highly recommend you teaming up on future videos.
    3
  44228. Damn what a nice place! Blue water, seriously Florida is a paradise!!
    3
  44229. I like them both, but if I was going to pick one to live, it would be Florida. The income tax alone gives Florida the win.
    3
  44230. Yup, best of both worlds!
    3
  44231. We could all retire if it wasn't for good old uncle sam
    3
  44232. No way I just saw him on Saturday for the first time on the algorithm
    3
  44233. Michael you can also use a blue screen with some cool CGI effects if you film in your home just an idea. Thanks for the info about moving in Texas and FL very insightful.
    3
  44234.  @MichaelBordenaro  « .. and it will look more fake. » 😂😂 It’s true you are right. I suggested because I’ve seen other YouTubers do that. Thanks for replying and always checking with your fans/followers and valuing our input we appreciate that 😊😊
    3
  44235. Is this the most expensive part of Florida?
    3
  44236. Always interesting and informative! 🎉
    3
  44237. My company tried this “welcome back to the office” crap. I looked for a new remote job and dropped them
    3
  44238. You never want too many people paying too much for anything for too long an that money is getting harder and harder to come by each month. I say people don’t study things realistically taking on a mortgage an understanding the longevity of the occupations they are in may not cover life of that loan on the home. We have allot of people who are facing a loss of income now with the US economy facing a recession. Cutting back on things because the mortgage is high is a huge huge problem that has a foreseeable downside. Plus if housing appreciation goes sky high so do the property tax payments. You got people facing not budgeting or having money for that. That’s money allot of people fall behind on making payments to the government. Then the property insurance rates are going up an where is all that extra money going to come from for people living on a fixed income? Personally, I see people getting way over their heads will get burned by this an the loss of a spouse to help pay for the home. There are people having to help care for a member of a family an are doing that full time an don’t get paid for it. This means the household is producing less income to live there an it usually means financial problems will occur. Stuff like this is not even seen at the time of the purchase of the home. Who is crazy enough not to see all this coming these days?
    3
  44239. We really enjoy your videos, best is on the rise and places you would never think there are more big companies going to go out of business in the next couple of months the unemployment rate is higher than their telling us This is false academy
    3
  44240. Note: when unemployed start losing homes and house prices fall the rents also decrease.
    3
  44241. Right Michael! So which is true? If the economy Is doing well, then there won't be any rate cuts this year at all further pressuring something to break. If the economy is Not doing well because the numbers are Bogus, then there will be rate cuts, and this would mean the govt. has been hoaxing and fleecing everyone. O that is good and instills confidence in America, right? So which of the two possible outcomes is better? To me, neither.
    3
  44242. Seems like most home purchases are bought close to ATH? When the market tanks, the only buyers left are speculating or have the cash on hand -but many people get fearful. Houses aren't the same as stocks obviously but a Ben Graham approach could easily be applied under the right conditions -but like you I just doubt we will see those conditions in housing any time soon. I do like the new format.
    3
  44243. I make 96-98k a year but idk anyone making 57k. Most ppl I know make 32-45k
    3
  44244. Bro, Florida Building Code is updated every 3 years. The latest code for Florida is the Florida Building Code 2020 which is based off the International Building code 2018 with more restrictions. The next update for Florida is probably going to be 2023. I guess you forgot what I said a couple post ago. But you have a million post to read which I am impressed that you somehow read and respond to most unless they're politically conservative. I know you are afraid of being censored by YouTube who HATES FREE SPEECH. Now you don't have to respond to this post...."LET'S GO BRANDON!!!" 🤣🤣🤣
    3
  44245. I. Can. And. Will. Say. That. This. Guy. Is. By. Far. The. Best. Channel. For. The. Common. American. And. The. Common. Human. Being. Good. Basic. Information. For. Young. And. Old. And. Very. Easy. To. Understand. Keep. It. Up. Thks. From. South. Central. Los. Angeles. (. The. Jungle. ). Keep. Cool. And. We. Appreciate.
    3
  44246. Hi, make sure to check our Pensacola Beach when you come to Pensacola. Similar to how Miami Beach, is separate from Miami. Don't miss the fort on Pensacola Beach. It is pretty unique to the island.
    3
  44247. So happy you made this video Human Brother! Thank You! 🙂
    3
  44248. what happens if you go upside down on mortgage? I make $100k per year (pretax) , have no debt $60k liquid. need a home to house my family. I can afford $350k homes local to me but my fear is to be upside down and have to start over. my reason is to buy a home long term so I may just take my chances in the next 6 months.
    3
  44249. Bruh. Great video. Again. I'm taking all of your examples and looking at how I might find the numbers and locations on these folks.
    3
  44250. Hello Mike. Excellent video. What goes up must come down is not just theory, or a clever saying, it is scientific fact. Why is it that the widely known and proven law of gravity has not brought the price of houses down yet? Thanks so much for explaining, my friend
    3
  44251. I’m driving to Florida next week and hoping to see the keys and Miami. Maybe I’ll run into you!!
    3
  44252. Very interesting that some beach towns are as / more expensive than Miami Beach. Especially Clearwater Beach. I didn’t know that.
    3
  44253.  @MichaelBordenaro  we have beaches here in Wisconsin too, right on the shore of Lake Michigan! They are open year round. Of course the water can be freezing cold or frozen at times. 😀 But I do see lots of people surfing here in Milwaukee on very windy days with big waves and they have on those black diving suits.
    3
  44254. Love the Recto......Mesa 4 ever
    3
  44255. I hear opa locka FL is nice and cheap.. 😆 maybe try there
    3
  44256.  @MichaelBordenaro  Yes don't remind me. 17 years of doing anything makes me sound old LOL.
    3
  44257. Electric car is battery is the problem, but the two party system has to work together and it is not just the democrats making mistakes, so look at everything
    3
  44258. We have a brewery/pub area like the o w you saw, where you can bring your kids and dogs, too. It has a sandy play area. Great video!
    3
  44259. Totally insuring deposits would be another goodie given by politicians (who'll kick the bill down the road) to the uneducated and uninformed taxpayers, to get their vote. But in the end, the taxayers will be footing the bill.
    3
  44260. i took out home equity line to build an ADU, 80,000 returning 16,000 a year now
    3
  44261. Do these 3D printed homes include electrical wiring, plumbing, and climate ducts? If not how is that done? I doubt a 3D printer can install electrical outlets.
    3
  44262. The only mistake people make is listening to this bull s*** content and Dave Ramsey
    3
  44263. Lol, I guess the marsh homes would be OK if you e-biked everywhere...
    3
  44264. The best guys
    3
  44265. I am really going to miss being there to see all the Miami Beach Christmas lights 😢. I love it there when we visit !! Hopefully will be able to do again next year 🙏🙏❤️❤️❤️❤️
    3
  44266. Your video inmessage was great, keep up the good work brother
    3
  44267. 👍👍
    3
  44268. Thanks for sharing
    3
  44269. Anything real estate FLORIDA related is definitely a plus for me,FL. Is a front runner for my relocation.👍🏾
    3
  44270. Michael, boomers are banking the younger generation on home sales,, iam in N.J. most boomer parents in n.j. help their kids , put a floor under pricing of homes. .Not saying that is good for market, but it explains homes not going down in price.
    3
  44271. Dude, another fine video. It is my understanding that if I take a moment or two to type some smack, that it helps your algorithms. That was some good subject matter to cover. Having lived in Florida for 30+ years, I would like to add one thing. A big part of the reason for the development of South East Florida, as opposed to South West Florida has to do with the water depths. They just can't take in the bigger vessels on the west side, and this factor is huge.
    3
  44272. You are most certainly welcome. Keep up the fine work.
    3
  44273. Wow great video more art deco vids
    3
  44274.  @MichaelBordenaro  Thanks Michael. Looking forward to it!
    3
  44275. This is only my personal opinion but I think this warning is also by design to ( provoke ) a massive cascade of people leaving Florida like a massive exodus of people moving out in order to bring in the very wealthy to take over the very sought after state 😮
    3
  44276. What about if you take a Lyft from the airport?
    3
  44277. Is it true after 1 season u get used to the heat?
    3
  44278. I was born and raised in Miami and a huge reason I moved to Denver was because I felt I was melting every day. I miss it in the winter now but I always caution anyone visiting FL in the summer to stay hydrated and don't pack jeans. You will regret it.
    3
  44279.  @MichaelBordenaro  i know people that absolutely love it. I don't get it. Lol i will literally get sick if im outside too long in the middle of August.
    3
  44280.  @MichaelBordenaro  Don't gotta tell me, lol when I was pregnant with my son, I was 8 mo pregnant in the month August. I legit did not leave the house unless completely necessary until he was born 😆
    3
  44281. excellent video of both states! I've been to both on vacations! And i've been to Florida 5 times and California once..and I loved California a whole lot better! If i didn't have to fly there..i'd go there more often! There's way more to do there. Florida's still cool though. I go there cause it's only 11 hours from me in Mississippi
    3
  44282.  @MichaelBordenaro  Definitely and plus i'm more of a mountain person than a beach person. And Cali had a little bit of every kind of environment!
    3
  44283.  @MichaelBordenaro  lol but i can say, Florida has better go-kart racing tracks than Cali though.
    3
  44284. Cool amp
    3
  44285.  @MichaelBordenaro  It's a crazy place right now. The entire west coast really. Portland has open wars taking place in the public eye between political gangs on a regular basis. Hopefully things go to normal in the coming years. That's no way to live
    3
  44286.  @MichaelBordenaro  Of course. I'm not judging, just informing..... I like lots of things most people don't.
    3
  44287. My favorite state of California Hawaii and Florida but unfortunately California and Hawaii are so expensive
    3
  44288. Dear Michael. Of course, the very top end is a cash market. Other than a lottery winner, or someone who finally is able to inherit Big, most of the top end already own two or 3 houses. So, how many more houses does anyone really want. It is Not just about money. Time, and age, etc...
    3
  44289. if you go to el sobrante ca. in the east bay most dont wear mask....and its were metallica is from
    3
  44290. damn how many teslas are out there in miami lol
    3
  44291. I agree that people move for many things beside mortgage rates. But a change to a higher mortgage rate and resultant higher payment may slow a potential sellers desire to move thus slowing the activity in the real estate market.
    3
  44292. Great video Michael! Can you do a video in Margate, FL? In the Carolina’s, those are nice and more affordable neighborhoods. Also those neighborhoods are not ghetto at all.
    3
  44293. Thank you to our host for this important outdoor walking segment. Always learn a lot. The IMF giving advice? The biggest give-away program of all
    3
  44294. WEEKEND GREETINGS MICHAEL 😃👍🌴
    3
  44295. I would never buy in an HOA regulated area. First, I would not react well to someone telling me what to do and not to do in my yard, and second, they usually charge hundreds to thousands in HOA fees each month. NO THANKS.
    3
  44296. you are exactly right about why i watch your videos
    3
  44297. Nothing makes sense in Miami Beach.
    3
  44298. Going to Fort Lauderdale next week for 14 days to escape this cold Chicago weather 😎
    3
  44299. Are the bugs a seasonal thing? I visited st Pete beach a few years ago and didn't have any bug encounters but it was in November/December
    3
  44300. We have a consistent moscato control, no bugs, no flees, as opposed to Ca
    3
  44301.  @MichaelBordenaro  Thanks!
    3
  44302. Excellent video! ✨✨✨✨✨✨
    3
  44303. It’s not greed, it’s just capitalism. No one has to buy it. What’s wrong with seeing what you can get for it.
    3
  44304. Thank you Michael, great information. Happy New Year 🎊🥰
    3
  44305. Could you make a video talking about the insurance costs depending on the age of a place & a home vs a condo?
    3
  44306.  @MichaelBordenaro  thanks man! I didn’t really mean to come and brag but your video made me feel even more confident that we did the right thing by not buying more house than we could afford, even though we qualified for more. Keep up the good content dude! Thanks for everything!
    3
  44307. My Real Estate Investment Trust mutual fund has been doing pretty good this year.
    3
  44308. That was A Great Video 📸
    3
  44309. Thanks for being honest!! I'm an LO in TX and there are still many agents just trying to make a commission on a sale this is not the time to buy and its hurting me as an LO as well many Mortgage companies are having massive layoffs but people need to make informed decisions!
    3
  44310.  @MichaelBordenaro  You can still go, just go either later in the evening around 8 or 5pm. The old ass rich dudes won't be there. 😁
    3
  44311. What are Cape Coral rents at now and how much have they increased in percentage?
    3
  44312. Oh they are really confused there🤔
    3
  44313. Great video. We need to do better.
    3
  44314. i know you're from the mid west, but is your accent from there? Sounds different
    3
  44315. Great video, Michael. After this, I don't think I could watch another Miami video again. The value for your dollar isn't there, unless there's something I'm missing. And while I could afford to live nicely there, I could never justify it as cost effective. I've earned a good retirement, but I don't manufacture money either. So, Miami will never be for me. I live on the west coast. Wait until you see the beach at Siesta Key. The sand is just as good, if not better than, Miami. You'll see. Be careful and have fun.
    3
  44316.  @MichaelBordenaro  0kay, Michael. You have a good time with your great partner. I always enjoy your work!
    3
  44317. Obviously, nobody knows exactly what will happen and when so it seems to be that the general investment strategy of time in the market is more important than timing the market seems to be true, especially if you are in it for the long term. I’m not sure if it’s appropriate to ask here but In light of all uncertainty in today’s economy, are there any advice for recent home owners to be ready to ‘weather the storm’ if one indeed arrives?
    3
  44318. Categorically sound video Michael! Love to see these types of out-of-the-box shorts :)
    3
  44319. I think the tax on vacant homes is a good idea if we aren't going to ban foreign investment homes.
    3
  44320. Yeah no more 5 to 6% commission. People sell house yourself
    3
  44321. Watching your videos is like talking with my unknown soul mate... I so agree with what you say, we live once and there is no point surrounding ourselves by people that doesn’t want to win in Life. I believe in self discipline but being in the right environment can surely help.
    3
  44322. Maybe they are planning a huge "price cut" soon to entice people. =/
    3
  44323. Thank you Michael. We actually want buy a house rather than renting. And assuming we have the full payment upfront, how long does it take from the moment on agreeing the price to be able to move in :-)... thank you so much again.
    3
  44324. Thank you 🙏
    3
  44325. I was just about to submit offer in Miami but the prices went up 100 to 200 percent or more in most areas, so even if they go down 30 percent it’s nothing because they were so overpriced to begin with. But these people are still not lowering their prices , they are crazy and greedy. I tried to close two years ago on a house in Miami Beach for 700k that needed some work; I ended up backing out due to family reasons, now someone fixed it up , not much just few things, and listed it for 1.8 million!!! They are so crazy
    3
  44326. Unless something major happens we are looking at a sellers market for at least a year maybe two. Just a few factors. Work from anywhere. Out of the Country buyers. A general desire to live in Florida. Plus pent up demand due to covid19.
    3
  44327. 🍀👍🍀🤔
    3
  44328. Good video
    3
  44329. Michael: Although I was expecting a 10%~22% increase (160-360) on my monthly rent…I got a $110 increase or 6.7%. Lakeland. So, funny to be happy about $110…but considering a $360 increase, I’m happy. There are four 2/2s vacant just in my building alone….most for over six months. Their starting new renter price is back up to $350 more than I pay, or $250 more than my new lease. Carry on.
    3
  44330. Another Great Video. Be careful on those sidewalk plates. We got to keep you in one piece bud.
    3
  44331.  @MichaelBordenaro  Do you have any links to your music?
    3
  44332. ​ @MichaelBordenaro  I used to live close to the beach I am aware of the feeling and to have the privilege. I want to move to Miami once the virus is under control I might need a good real estate agent to find a good place :)
    3
  44333.  @MichaelBordenaro  Thanks a million Michael I will for sure. As of now its not that easy to fly from Germany over to the US however I pray and hope this nightmare will be over soon . Till then we will enjoy your beach videos :) :) :)
    3
  44334. Stunning beach views! Thank you for the exciting adventure!
    3
  44335. Breckenridge real estate is very upscale & it is a very pricey resort town.
    3
  44336. Hello Michael. Richard again. Nice to talk to you last time. We are still doing our homework. We are ganna call you once we are done and collect enough questions ☺️. Anyway. In the end of the video about 8:16. The street I have see from your videos a few times. It's beautiful. Can I ask where is it? Thanks 👍
    3
  44337. Mike, like your show -- you mentioned Adam, I watch his show as well. If you don't know about Mike Green, look him up -- he is an expert on passive investment and the distortions it is causing -- but more importantly, people have no idea how at risk there retirement nest eggs are -- both private and pensions.
    3
  44338. Michael, brother, tell me about the sunglasses you're wearing in this video. They look nice......
    3
  44339. If you can't afford it you don't get it. How hard is that? The more they play around with these goofy programs the higher inflation will go. Until we realize all these programs are Socialism and are anti constitutional the longer these will keep going on.
    3
  44340. Nobody is getting loan forgiveness. Supreme Court said no!!!!
    3
  44341. Does Michael Casa has an Instagram/ YouTube channel that we can follow him? Thank you and by the way great videos love your channel.
    3
  44342. I love this weather! At least a break from heat and humidity❤
    3
  44343. Love that Mesa!!
    3
  44344. Try a median price of over 1,000,000 bucks....they is here on Oahu....now you know why I'm looking at Orlando....too expensive for retirement....and opportunities are much better in Orlando than here....
    3
  44345. In most cases unit owners vote for special assessments. Sometimes special assessments have to be forced by the board if it's a health code violation and even then it's very difficult to prove it needs to be done unless they get a citation by the government. You can't always blame the board of trustees or property management companies.
    3
  44346. Interesting trail by the Kennedy Space Center. Reminds me of the Everglades a little bit.
    3
  44347. Yes you are right! Usually vacations are very busy! I usually like to take a vacation from my vacation😁
    3
  44348. I sometimes think it’s international buyers who are also making real estate prices high. Seems most new home owners are not generational Americans but new international ones with big big money. BTW that neighborhood you’re walking around in looks like mine here in Los Angeles. Had no idea Miami looked so much like here.
    3
  44349. We sold our condo in Lauderdale and were considering renting for a year to wait for the market to drop, but now I'm starting to think we should just buy now...
    3
  44350. Excepted blue or clear water for Destin. Thanks for Santa Cruz shoutout 😎
    3
  44351. Not sure if a crash is coming. More likely a correction first. Demand is still somewhat higher than normal due to rents increasing. Supply is still low compared to 2019. 2008 was driven by subprime loans. The situation is very different this time
    3
  44352. Yep, another three quarter percent hike today in the rate.
    3
  44353. Hey Michael.. It's true things are slower. I remember how long it takes to buy cold cuts at Publix. The deli workers are great and aim to please but wow you can get old waiting. But better than NYC where they slice so quick and don't pay any attention how you want the cold cuts sliced. They practically throw it at You! I have a townhome again in Tampa, but must screen in the lanai. Too many bugs, frogs, and wildlife since I face a pond and small lake. In the summer heat I tend to drive, shop, gym, and bat or restaurant hop. Pool as well for short stays. For the other 6 months I like being outdoors more.
    3
  44354. What happens most of the time is tourists come to the coastal cities, Santa Monica, Malibu, Long Beach etc... The climate there is pretty mild and even up to Hollywood and the intermediate valleys like Glendale and Burbank. But those areas are all very expensive. Most people that are in riverside, San Bernardino and Santa Clarita are hot during the summer and colder during winter. There are definitely some pros though, it's a dry heat. Mostly there no mosquitoes or few mosquitoes, no alligators, no snakes. Temperature near the beaches and the city of Los Angeles are mild. But have you seen the real estate prices? Have you seen the homeless tent cities all over the city and along the freeways. Have you taken a dip in the freezing oceans? I think Florida has nicer beaches and oceans. Definitely cheaper real estate in most places. No state income taxes. And the big bonus, free from idiotic covid vaccine mandates and digital I. D. Passports. WTF Los Angeles and San Francisco? They've lost their minds here.
    3
  44355. Same here.. can’t stand the rocking boat.. but why I’m choosing a Miami waterfront home or land is cuz of sailing the fabulous waters there where everyone loves to do too.. btw.. to avoid rocking so much I’ll need a yacht..
    3
  44356. The old saying goes go to Whole Foods empty your wallet now it’s every grocery store you empty your wallet
    3
  44357. Staying out of the legal marriage game, I knew you were a smart man.
    3
  44358. Yesss!!!! Only paper, money and I don’t care for expensive jewelry 😊👌
    3
  44359. no, govt shouldnt ban institution investors. They should feel the pain, their ass should be burned. Although this will still worsen the housing affordability crisis, in long term it will help the housing price to return to fair value.
    3
  44360. The markets are actually down they're just playing with the markets right now pumping it up but it's gonna come down crashing hard. It's just a false sense of comfort and hope . And the smart ones will get out while they can. This is just a game you're playing right now but with all that I'm saying it has to crash. I won't get into politics and what's being played with the deep state and all. But it's going d
    3
  44361. Was Irma pretty bad for a good part of Florida? Was that 2017? Did you evacuate out of state?
    3
  44362. Is that an LTD ec-1000 and Mesa Boogie Dual Rectifier?! Subscribed!
    3
  44363. Coinbase pro
    3
  44364. I would love to be your understudy one day
    3
  44365. Michael Bordenaro that would be amazing
    3
  44366. I love your channel
    3
  44367. Great Video. First time on your channel Michael and you put together a great video. I have lived in California most of my life except for Portland, Or for 4 years. I've vacationed in Florida but have not spent much time beyond a few days in Miami and the keys..."Its the keys man". In the current climate, I would say the California leadershit as I call it has caused some major pain for us given the extended lockdowns, homelessness in major cities , state taxes, high cost of 'housing'. Homelessness has been growing in the major cities and slowly leaking out to some of the surrounding cities, but its very dependent on the city and county. We live in orange county, which is right in the middle between LA and San Diego. The county really has 2 parts, north and south. North county has lower income (would be considered middle income comparatively across the country) areas and cheaper housing, but of course that is 'lower' for here, not compared to most other states. Southern orange county has higher cost of housing and more upper middle income comparatively. It does cost more for housing, a lot more, but pay is usually higher to offset some of the cost. It really depends on where you live and when you bought. On the major touch points most people have about California, here is what should be taken into consideration: Politics/Government - I am conservative (actually a ton of us in the state) and the government here is dumb as a box of rocks, no question. They have little to no financial understanding and the recent wave idiots are all about power, has nothing to do with being a democrat, they are just plain power hungry idiots. Having said that, before covid, we all know the politics here sucks but in terms of it affecting my daily life, not so much. Politics are hot everywhere right now so its hyper inflated at the moment everywhere. Going forward, we will see what happens... Taxes - yes they are the highest in the country, for people making over 1 million a year. I make a good salary, been in tech for 25 yrs in this state primarily, but 99% of us are making wayyy less than 1 million a year. I think there are maybe 30-40k people in the state making that much. That's a tiny percentage of the 30 million. The talk of increasing taxes will really affect those people, but most others it probably wont have a huge affect. Obviously you view this differently if you pay no state taxes. Don't get wrong...hate hate hate taxes. But, I finally got smart about 20 years ago and found a great tax guy and he keeps my overall taxes each year very low for my income. I would suggest anyone making over 80k per year use a tax specialist. It will be the best $300 you spend each year. Housing - crazy expensive, yes. Everywhere in cali, noooo. If you are within 10-15 miles of the beach, where most of the population lives, it is very expensive. Within the last 2 years, gone crazy. If you are going to be in that proximity to the beach, you need to make minimum, just to rent a small place, 75k per year, and to own, make 150k per year. Its majorly prime real estate, especially in the suburb areas, where everything is clean, the schools are good and crime is very low. People from all over the world come here and say its the best place to live, period. But, once you start going inland 20 - 30 miles, prices drop considerably. A house in orange county, in a clean suburb sells for appx 700- 800k, same house, in clean suburb inland will cost a little more than half that, 300-400k, 500k if you want to live in a gated community, etc. Its completely relative to where you live here in CA. Once the bubble pops next year, I believe we will see much more normal prices across the board. Homelessness - Major Cities and the cities within the very close proximity to major cities have huge homeless problems. But again, the majority of it is in these areas. SF, LA, SD cities have all pushed into affect laws that keep the police from helping the homeless and have not spent money on housing a programs. Once you go outside these areas, for the most part, its not an issue. If you have never seen homeless in your area where you live and you come to california, you may never see any depending on wehre you live. If you see 1 or 2 homeless, it can seem like its everywhere. I can tell you its not. Again those major cities have made incredibly stupid decisions. We love CA, but have also like many people considered looking elsewhere as well knowing that some of the decisions our state leaders make going forward may really start affecting everyone and your ability to escape those problems. We will see. Everything else, climate, geography, people in general its really up to you what you like, just as Michael and other say. Florida weather for half the year is great, the water is insane and beaches incredible. I hope to own a vacation house there one day.
    3
  44368. Yes Palm Coast! Need to see the area.
    3
  44369. no when you can see things coming that is not going to lead to a problem. Its where you dont see them coming that its a problem. Like 2008 Its going to come back to earth and people are going to smarten up and live within their means. The real estate thing will crash like they do every so often
    3
  44370.  @MichaelBordenaro  California
    3
  44371. So many cars on the sidewalk, It drives me crazy. Imagine for who has mobility issues.
    3
  44372. Great choice for the shirt
    3
  44373. The list prices are stupid too. If you really want an affordable home, move somewhere that is unpopular.
    3
  44374. What I loved about Florida was the beaches and rivers what I didn’t like about Florida was those damn mosquitoes and police officers giving you traffic tickets for speeding 5 miles above the limit while here in LA you can drive 100 mph in the freeways and police officers don’t seem to care, another thing what I love about LA is the social life
    3
  44375. Congratulations 🎉🎊🎈🍾 So proud of you!!! Keep up the great work 👍👏👏👏❤️
    3
  44376. Thank you for your reply. It seems pretty similar to what the healthcare facilities would do here in snow storms. Thank you again 😊
    3
  44377. Belated Happy birthday Lizzie 🎂
    3
  44378. Those were great!!!!! I did them for christmas every year when my kids were young, but it became corrupt, workers would go thru merchandise and take playstations pr things that were in hot demand that someone had but up then you would go to get your layaway out and it would be missing.
    3
  44379. There are a lot of vacant homes in towns where local industry has died and jobs are non existent.
    3
  44380. how much will the HOA fees cost you if you buy a apartment?
    3
  44381. Hey Michael I’ll be in Miami at ultra music festival this weekend you going?
    3
  44382. Corruption galore… greed galore… immorality beyond words!!! It will collapse like Rome etc. did in the past.. there will also be civil unrest coming! Very sad for the future of mankind.
    3
  44383. Great Video!
    3
  44384. Hey Michael! Have a wonderful time.
    3
  44385. I hope you safe Michael. That was extremely scary what happened in Miami Beach. 🙄
    3
  44386. Hello Michael, it's been a while! I'm so grateful to see that you are doing well. I don't know if anyone else's reported this to you yet but the audio is really out of sync with the picture in this upload. Could be just me, you may want to check it out. Good to see you and God bless you in Jesus name
    3
  44387. No one wants to watch TV here in Cali. TV is boring. Live Bands is where it is!
    3
  44388. I'm interested in buying a home in Mammoth Lakes California. I'll be a cash buyer. I'll spend perhaps 6 months a year at the property. I'm Irish and therefore I'm entitled to apply for the visa waiver program. I shouldn't have any issues but I'd like to know what you think. Thank you for this very helpful video.
    3
  44389.  @MichaelBordenaro  Beautiful place. Thank you for your reply
    3
  44390. Nice day at the beach!! Killer. Miami in Feb. Aaaaah.
    3
  44391. lol $28k a month for a house in Manhattan beach? Literally nobody can afford that, not even a doctor or lawyer. That would be their entire paycheck + their significant others paycheck going to payment for a house. Also even if a doctor/lawyer did want to spend their entire paycheck on a house for the next 30 years, how many doctor/lawyers are there in the area and how many of those are just as crazy? What a crazy disconnect. Realistically that house is worth $1.5m max. I think what's happening is that these home owners are taking notice of the low inventory and the 2021 prices thinking that they will put their house on the market for shits and giggles and if someone actually offers them asking then they will sell. But guess what? Nobody is gonna pay that and when the economy really hits the fan they will have to sell at much lower.
    3
  44392. If I ever had to move back to Florida I would definitely want to be within easy walking distance of a Brightline station. Definitely agree with you on spending a lot for a marriage, save that money for your down payment.
    3
  44393. Thanks for creating this channel. I also live in Miami Dade County and it's unreal how expensive the cost of living is here compared to the actual job pay as a local. Speculators, and people from out of town raise the cost of real estate as well, because they aren't considering the cost of living of the locals and end up selling to the next unaware party. I dream of getting a safe place to live and pay it off fast.
    3
  44394. I know he likes st. Augustine
    3
  44395. St. Augustine is amazing but everyone knows it...so the cost of homes are insane. After checking out most regions of FL I selected and found a great house in a great neighborhood 2 blocks from Ormond Beach.
    3
  44396. Happy for both of you that you were able to finally break loose and get away 😉. Looking forward to when you finally reach the West Coast. Btw, after you got home, did you remember to order the tee shirts? 😂
    3
  44397. Not really looking to buy now it would be a mistake imo but being a realtor it is so easy to just go look....anyway's guy bought a house in an area I look for 208k....he did a few nice things mainly the small kitchen was done nicely...but it's small prob 25k all in. He put in ugly 4mm solid core vinyl floors just horrible and cheap. It went on the market for $329k...had a few offers on it and I'm sure it will close for $350k its 2,100 sq ft lol small unfinished basement with a yard that has no tree's, fence and backs a busy street. This neighborhood had people buying for $285k in 2007 and then selling for $180k in 2015.....the cycle continues in these neighborhoods....look to the past to see the future.
    3
  44398. Hi Michael, I did find that issue here in Miami, looking at a property with HOA and the HOA rules and regulations did not allow parking on the driveway I taught that was ridiculous so passed on the house . Was an investment property. SF its a beautiful City been from CA, I must say that, fantastic restaurants for sure.
    3
  44399. Have you been to Destin FL?
    3
  44400. The video is so SO clear that it feels you're here in person.
    3
  44401. I 100% agreed with this video, not only this is bad for American 🇺🇸 , Corporation owning everything, but it tells people not to have kids because you can’t afford them, the population goes down, America is getting old and nobody is talking about it
    3
  44402. yes, the big boys are closing things down because they know what's looming: A DEPRESSION.
    3
  44403. beyond beautiful
    3
  44404. Wait
    3
  44405. I actually just sold my condo outside of Chicago within few days, and I agree great time to sell. No competition and buyers are giving over asking price.
    3
  44406. A good take on life , there are too many who owe their soul to the company store, are unhappy in life because of where they live.
    3
  44407. Speaking about power outages during hurricanes in Miami Beach, how would I be able to work from my computer remotely in Miami Beach if there was no power supply? Does the city really cut the power supply?
    3
  44408. Love the vids Mike, as a young guy I feel like Im learning a lot from you !
    3
  44409. Spitting truths there Mich! Thank you so much
    3
  44410. for what it's worth...nobody, and I mean Nobody reads or pays attention to NewsWeek
    3
  44411. If I move to Florida in a couple of years when I turn 18-19 do you think I should buy or rent? Love the videos btw
    3
  44412. After 7 years of owning you will probably make a nice profit after selling but if you rent, all you get to do is give the keys back and probably won’t get the security back!
    3
  44413. Thank you Michael for this video. I am a new subscriber and am binge watching your videos! My husband and I live in NY and are moving to Florida (Clermont) to stay in better shape as we retire. Clermont has tons of bike trails and the community that we are moving to has plenty of activities. I am looking forward to enjoying a better quality of life. Your videos inspire me. Thanks.
    3
  44414. Get away from sugar,bread . Pasta..
    3
  44415. I want to get into Real estate. But I don’t know where or how to start? And tips??
    3
  44416. Hey comming to miami to look to buy a condo.. Are there open houses yet?
    3
  44417.  @MichaelBordenaro  fantastic!!! My question is., I don't want to waste anyone's time but im moving from California, retirining from the Air Force , in 2 years. I wanted to come look at property ahead of time. How far in advance would you feel comfortable working with someone who's not buying right at this moment.. Im a cash buyer looking for a 1/2 br condo
    3
  44418. Yes I fully understand!! I apprechaite the words and u have a life long you tuber watcher!! But when im moving there i better be one of the select few that you work with haha
    3
  44419. Does the fed really lie? Not really; not fair to call them lies They can only look at stats including historical data I basically agree with you but calling them liars is very conspiratorial; just saying
    3
  44420. The Atlanta town house? Basically they made $60 k when they sold it when its all said and done, after taxes, grant payback, realtor, closing and inflation against the $ 60,000... Bad Move!!!!
    3
  44421. 👍🏻
    3
  44422. Great tour do more please affordable
    3
  44423. Yay!! 😁 Great idea!!
    3
  44424. Love it, thanks
    3
  44425. What neighborhood is this?
    3
  44426.  @MichaelBordenaro  tank like 20 percent or 40+ ? My home rose 270% since 2011 so in my case 200k off is a discount
    3
  44427.  @MichaelBordenaro  that’s true but things are so absurd I’m not sure your average correction is enough especially people on a fix income my income rose 40 dollars a month half a percent
    3
  44428. HOA can be a disaster better check them out carefully....
    3
  44429. Lol it's the time of the year....we always forget about this here in Florida when the Summer comes in or gets out.☔🌦🌩🌫🌬😂
    3
  44430. Insurance is a complete fail. I had glass coverage on my vehicles in AZ. Which is required per the state. I was going to claim a second window on a second car after being there for 8 years without a claim and my agent said I shouldn't do it as a second claim in a calendar year would be an automatic drop on policy. What the F? that is like not having coverage at all. Don't have two problems in a year people! Side note that I had 5 cars on policy with two homes under same insurance company without claim in 8 years...
    3
  44431. Can you make a video on your favourite cities in the midwest?
    3
  44432.  @MichaelBordenaro  Thank you so much Michael for your point of view. Best regards
    3
  44433. Merry Christmas. Thank you Michael
    3
  44434. The next Fed "pivot" is Upwards by .05%. What are these dreamers smoking? There may be a stall in rate increases in 2023, but I bet there will NOT, be a rate drop until 2024 or 2025, if any! These rates are still historically low. Buyer beware!
    3
  44435. If we remove credit from the housing market, we would be able to eliminate the boom and bust cycle you speak of. I think this is as unlikely as a 50-60% raise from a current employer.
    3
  44436. Michael, here in Motown ... Salsa, Bachata, and other Latin dances are popular and there are several dance studios and clubs. I frequent them often. Are there many Latin dance studios in your area?
    3
  44437. Michael this may be your best video with some of the most informative guess..
    3
  44438. Angry Micheal, I like angry Micheal calling bullshit on the whole thing... and cats love him and follow him around while he walks the hood😂😂😂
    3
  44439. Nice water view, ocean front!
    3
  44440. Well it was definitely more happenin spot in the 70's for sure. Thanks for sharing.
    3
  44441. I agree to wait until the 2025 regulations go into effect, see what buildings are failing inspections and assessments assigned. I generally like condo life. Pretty place, pool, landscaped gated.
    3
  44442. I can definitely relate, and it’s the time away from my routine that hits me hardest. I keep my trips to 1-2 weeks MAX. Anything longer and my work anxiety is too high lol. And staying 2.5 ish days per location helps. We’ve done several road trips 1.5-2weeks, 4-5 locations max, and pack real smart.. I can relate to luggage falling off the cart hahahahaha
    3
  44443.  @MichaelBordenaro  I agree with the government part, Do you follow Meet Kevin? Personally I think he is correct in his thinking 🤔 if you know what that means. I can really picture how the government could fix this, don't mean they couldn't but I can't picture it. There is a theory about them inflating away the debt. If you owe someone $100 but you borrowed it at a time when you and him both made $10 per hour. And now you make $50 per hour. It's much easier to pay back the debt right ✅️ I have heard a theory that they are trying to do that with the national debt. But who knows. I personally do see a stock market crash coming though, and I believe that houses and cars will be cheaper in 6-12 months than they are now. But may stay inflated a bit longer because most will get a boost during tax time
    3
  44444. You have to turn your plate into the DMV, as long your vehicle is registered you have to Insure it. Trust me I learned the hard way
    3
  44445. Is there a lot of crime in Ft Pierce? I lived there as a child but recently read its high in crime. Would love to know.
    3
  44446. Anyone living in the Keys never wants to leave. That says it all!
    3
  44447. Still, it wasn't that super crowded! Nice spot to visit indeed!
    3
  44448. I’m making the same hourly wage as I made in 1984 …. How’s that math work out. Don’t get me wrong. I made 6 plus figures for many years .. but my job Today the income is at 1980s wage’s doing the same job …
    3
  44449. as you say the tide has changed, but I think it is not just a tide change.. but the tide is receding.. like a Tsunami.. we will see chaos, like nothing before, Banks will still be failing, and even though the FED is afraid of raising rates, it will be next to impossible to get any loan, house, car, whatever.
    3
  44450. Such a beautiful drive! Sorry I haven't been around trying to catch up on your videos now.
    3
  44451. What are the senior citizens to do ?
    3
  44452. AVOID BUYERS REMORSE: before buying a roof over your head, ALWAYS REMEMBER, you first need to build a financial foundation.
    3
  44453. Come to LA. It's beautiful
    3
  44454. welcome to Southern California I'm in Los Angeles-have fun
    3
  44455. My advice to you is if you're scare move to a home because if it happens one it will happen twice .also listing to your inner self.good luck and be safe.
    3
  44456.  @MichaelBordenaro  your welcome hugs
    3
  44457. I have a a mortgage on a home for the the past 8 years! Low fixed interest rate and own next to nothing. We live in the north and thinking about selling and moving down to Fl where we have family. We would have to rent for a while to settle into the area and get enough time on our new jobs to buy. We would have a nice chunk of change to invest when the time is right. My question to you is where we are with everything in this country should we just be sitting still and hunkering down or be a real estate ninja and go for it because it could pay off massive? Thank you for you’re thoughts
    3
  44458. Illinois vibes in the capital of florida... nice city.... thanks for sharing 👍
    3
  44459. Great real time Intel on the R/E Market, Thank you, Michael !!
    3
  44460. I believe in keeping it fresh. 👍
    3
  44461. Mike, its not just wildfire areas of SoCal, its in the deserts too & theres no wildfire or Hurricanes or flooding issues.
    3
  44462. I live in Winter Park! Welcome to Colorado guys!
    3
  44463. home prices must come down a lot for things to work long term. But greed will stop this. so sad.
    3
  44464. I lived in ft Lauderdale in 1986 for 4 years. It's Florida people, go enjoy it for what it is. You will pay for that sunshine, just like in Cali. It's all the same at the end of the day. Nice ESP, I have the same but black with the evertune. They jam, nice video
    3
  44465. As someone that lives in Portland I find it annoying when people that haven't been to the area paint it as a monolith. Like many places the issues are in pockets. That being said I 100% agree that the city government has fucked up big time by failing to create adequate policies to deal with the issue. It has been a growing problem for over a decade and I legitimately wonder if it has hit a tipping point (I work in downtown Portland and the amount of homeless people with severe mental health and/or addiction issues is insane) and feels like a social failing. Also, the PPB budget has been going up every year (so while there is a vocal "defund" population here they have no impact on local government) and honestly the city could do with a lot more services to deal with the underlying houselessness than increasing the police budget.
    3
  44466. I love living in the land of common sense!
    3
  44467. These are so relaxing 😍😂
    3
  44468. Spot on!! Great choice of city's 💯
    3
  44469.  @MichaelBordenaro  The main reason, I think, for that move ( CA to FLA ) is TAXES . Sacramento wants to pass a wealth tax law.
    3
  44470.  @MichaelBordenaro  Our lawmakers do so many wacky things , you have to have a good sense of humor . I agree about your call on denial !!.....lol
    3
  44471. But I also feel his joy and happiness to be your Dad as well. God bless him!
    3
  44472. Pump the economy then dump the economy. The Crash is coming. Every time before a crash happens the market goes up high then crashes, look at history before every crash.
    3
  44473. Watching the 🔥 .. March 11 the fed window is supposed to close for the loser banks . Oil rising because of the bombing in Iraq , credit tightening soon . Lending to be cut , reserve requirements coming soon . Banks in NY downgraded to risky .nasdaq rising by tech supporting the whole house of cards . Car prices falling , home values plummetting,. The perfect storm . Insurance going up . Flood insurance now required in California . Earthquakes coming .
    3
  44474. Happy Birthday Michael! Congrats on all your success on your channel. This video was very helpful for me In thinking of moving to Miami or somewhere new ,Very good advice ! and that wife of yours is really beautiful by the way! ;]
    3
  44475. Katie Weant You’re so sweet! Thank you.❤️☺️
    3
  44476. 3:23 kinda are😅 but I hear ya
    3
  44477. Orlando residents also like to go to the beach in Daytona since it's an houre drive on a toll-free highway
    3
  44478. What’s the name of this area you’re in ?
    3
  44479. Way nicer and cheaper than the trash apartments we have in hawaii
    3
  44480. You are absolutely right .... people have to hold fire ... there is such a thing as reversion to the mean!
    3
  44481.  @MichaelBordenaro  I wrote to FHP email to described the circus I saw last sunday. This road is insane. I have driven all over the world and they have to do something. Its a dead trap.
    3
  44482. Also, I was on Zillow. There are several homes that just posted for sales in Naples and Fort Myers. I wonder if they are still there?
    3
  44483. Thanks for a lot of important info you included in this video! Being thinking of moving to FL for a long time. Best regards from Schaumburg IL
    3
  44484. I had to get a FHA appraisal for my RM but it came back so high the lender ordered me to get another one and the second one came back $50K higher. Both appraisers had years experience. If I were to purchase another place right now I would do the appraisal myself because I'm experienced enough. Learn how to do the appraisal yourself. Problem solved.
    3
  44485. I enjoy these videos! What’s your thoughts on sunny isles beach? I hear it’s a good place to live Any chance of shooting a walking video there?? Thanks.
    3
  44486. Right now its all about the election at any cost.
    3
  44487. Worked side by side with attorneys for years, sometimes they earn their pay, LOL! Seriously though, there are civil cases that must be be litigated. Regarding your comment that FLORIDA is the next CALIFORNIA......... agree, and it's not looking very good. I just ended my conference call with my auto insurance agent (decades with same national company). I'm living in the VERO BCH area and we are always rated as SOUTH FL. It will never change. Car and house insurances are very high, despite our population, etc. Annual Auto Premiums increased by $200.00 year. I had to decrease some coverage which I resisted for years. I don't think people realize that Florida is NOT the answer for everyone looking to relocate here. In addition to culture shock for many, be aware of higher cost that have existed for years, but presently are worse than ever.
    3
  44488. Very nice! So nice and serene!
    3
  44489. Remember you can write off office and business expenses on your taxes.
    3
  44490. I love the outdoor walks. Good to hear about the insurance situation. We've decided not to move there based on the insurance situation alone.
    3
  44491. Such a cool little bachelor pad. I love it. The price is pretty crazy though. I'm guessing the location has a lot to do with that. Nonetheless amazing pad.
    3
  44492. YOU CAN'T HANDLE THE TRUTH! 😊
    3
  44493. Your views drop when say the location because the stalkers dont have to follow you on youtube anymore.
    3
  44494. Spot on analogy Michael. I live just outside of Toronto and lead an active real estate team. More or less right now we are down 30% since the height if the market back in March 2022 and more decline is coming. Interest rates back in February this year for say a 3 year fixed was in the 1.6 % range. Move forward and the same products are now in the 6% plus range for the best borrowers. Wages since the early 2000s here have gone up 5 to 7%. Real estate in that time is up 250 to 300%, Scary times for people. Rough times are coming. Diesel is 2.35 per litter or 10.58 per gallon. At the grocery store the other day and a head of iceberg lettuce 7.39, a bag of romaine hearts over 12.00. Your points on the stock market has me so thankful we have not had money there, with exception of what we get from or real estate trades option we have that we get to buy 10% under the daily trading value. Because I am not fanatical of the stock market I have sold our stocks all along the way. I would rather make 10% by virtue of a discount than ride the market cycles. Case in point, our company stock rose from the low 20.00 mark when we joined the company in June 2020 to hitting a high of about 186.00, stock split reset to it hitting a high of about 60.00 just about 1.5 years ago to as of this Friday trading at 11.00. As you say we must pay attention and utilize the information on channel's like yours. Keep up the great work
    3
  44495. family place! love it!, great school,
    3
  44496. nice camera upgrade. very crystal clear.
    3
  44497. I am happy with my modest but paid off home in a great Atlanta location, less than a mile from the center of a small suburb and two other shopping areas; and three blocks from a rapid transit rail station. Good luck to anyone struggling
    3
  44498. Hi Michael Could you please show me some more house on West Coast cause I am planning to move down to Florida I would like to keep in touch and watching your show definitely subscribe for you subscribe 👍👍🙏 Looking for a good price and decent house upgrade Next year December OR definitely April next year 2023 Thank you Sharing Love it the best Area please Michael MR Bordenaro
    3
  44499. Is a "no-see-um" like a chigger? cover the bite with clear nail polish. It sounds like the insect is still inside your skin. In order to kill it cover it to smother it.
    3
  44500. Right on target 👍
    3
  44501. Can’t wait to get there 🏝
    3
  44502. Hey Michael. Have a question or maybe a idea for a topic. Some channels talk about owner financing, which is a good idea right now considering the bad bank loans and high interest rates, i think 🤔 id like your thoughts on that. Also, if you ask a realtor to ask owner about it, they won't even ask, why is that? I love your channel and look forward to hearing your thoughts.
    3
  44503. Will the exodus out of major cities lower the cost of these homes in Miami Beach?
    3
  44504. Your commentary is fine, former Floridian here and new subscriber, enjoy your channel.
    3
  44505. ... Musk wants ALL bank deposits covered no matter how much it is? Funny how rich folk hate socialism until they lose money. Why should I (at the cost of higher fees) help them refill their pockets?
    3
  44506. U should go to pawn shops in miami to get a pulse on what they are seeing with people and how they are affected by inflation
    3
  44507. I tried to see as much of Miami as I could in a holiday weekend not just south beach but I skipped Liberty city and missed out on Bill Baggs Cape park and a few places. Guess maybe another time if I make it back but the weather reports are almost useless the weather is like the Caribbean and changes fast and frequently
    3
  44508. There is a boating culture in California and other states out west, but it's more focused on the rivers and lakes that feed off the Colorado River. Thanks for hooking us up with another great video! Do you favor NorCal over SoCal? Also after spending some time in CA, do you enjoy it or does it make you miss Florida more? Hope that made sense lol
    3
  44509. I was tempted to do crypto years ago, glad I didn't!
    3
  44510. First 😊
    3
  44511. I love these videos, everything you say pertains to Australia as well and I have watched the highs and lows of real estate for many years.. I just put in a grocery order and prices here have skyrocketed. At last we see people and dogs on your walk. What a lovely area I wish I lived there. (Excuse random comments)
    3
  44512. Dang, am I first?
    3
  44513. Do you think Georgia is a good compromise (QOL, COL, etc) between the Northeast and FL?
    3
  44514. well, one day things should get better. you said it your self in one of your videos, people die and those houses have to go to somebody.. 2.8 million people die in the U.S every year so their houses will be on the market for new happy home owners.
    3
  44515. Wow, it's gorgeous there today.
    3
  44516. Awwww…so sweet! You sound just like your Mom.
    3
  44517. Thank you Michael for mentioning flood insurance. Can you talk about that more next time?
    3
  44518. I followed many of your video and you are spotted on the housing market. I just want to add that, Companies start to lay off people from left to right, from Walmart, Auto companies, media companies, robin hood, etc... you name it, so this is the time to buy home at the price on the rooftop of the Empire State Building?
    3
  44519. What about Ft Myers?
    3
  44520.  @MichaelBordenaro  Thanks Mike
    3
  44521. You got me all excited about the old mansion, and when you finally found it, we couldn't see a thing! LOL. A great video though, and a beautiful old town area.
    3
  44522. I hate debt and have the frugal mindset. Golfed yesterday and it cost me $6 for the cart, used my golfnow credit for the golf. San Diego in a month. This bald and broke bastard is counting pennies with a smile on my face. Where in the heck is my beautiful princess.....I need her to rescue me!! 😍 Timmy C Arizona
    3
  44523. you should do a video about moving to florida with bitcoin
    3
  44524. We love to walk to the park whenever we visit SoBe. Excellent video and narration. Friendly correction: Milos is a Greek restaurant rather than Italian. We had a memorable meal there but $$$$.
    3
  44525. I just moved here
    3
  44526. Pretty cool.
    3
  44527.  @MichaelBordenaro  Also, I really appreciate the time stamps.
    3
  44528. I saw this story on a Youtube video. I was thinking of you.
    3
  44529. Mexican stand off 😂.
    3
  44530. Cape Corral? It's actually pronounced Cor-ul as in the coral that grows in the ocean. It's not a bad place tho. I was raised in the Daytona area, but have/ had ( some have passed on) relatives and friends that lived in Clearwater, Cape Coral, and a few other cities around those areas. West coast is beautiful! 🙃💗
    3
  44531.  @MichaelBordenaro  yup! Don't take it personal. I rib everybody that does that! My husband hated it. Lol! Don't mean nothing by it! 🙃😜💗
    3
  44532. Well Michael you are biased which is understandable since you sell RE on east coast. Both are beautiful. Tampa Bay is Titletown if you're into sports. You mentioned Tampa but St Petersburg is happening, beautiful but expensive (and we have a screaming liberal mayor). I wish we had the east coast waves. I think Tampa Bay is a lot different from the rest of the east coast. It is more diversified. I think the biggest difference is the west coast feels more year round, family, living vs. vacationers and temporary. West coast is surely more laid back. Enjoy your videos!
    3
  44533. Half mile off island is every kind of shopping you might want to do. Siesta part of Sarasota. Not limited to island shopping as much as Ana Maria.
    3
  44534. I’m a desk adjuster for citizen trained today starting Monday 12/7
    3
  44535. Awesome contents😍👍thanks Michael! Enjoy your day!🌷🌺
    3
  44536. Fear is negative. Not all buildings will fall. I would check for cracks / moisture (yes check more) I remember that concrete building standing in Mexico beach (sorry if misspelled) after Maria. I still think many buildings are very solid, impossible to build in California as they WILL collapse in a strong earthquake.
    3
  44537. Are you not scared of all the alligators and snakes that might come into your home?
    3
  44538.  @MichaelBordenaro  How do you survive the bugs and mosquitos?
    3
  44539. 1500.00 a month is unheard of on the jersey shore.. My winter rental.went up to 30,000.00 a month season.. Needless to say I moved.. Cant even get a condo here for 250000.00
    3
  44540. Unfortunately Mike...you are preaching to the choir. Different times, but same old problem. It can't happen to me psychology. It's NOT a recession when your neighbor loses his job, it's only when I lose my job...
    3
  44541. 2.2 for that!?
    3
  44542. I work in IT for a mid sized service company, this has been going on for many years. There's a lot of public information available about nearly everyone. You can rest assured that nobody is actually looking at that personal information, they just set parameters for a tool and get notified that you might be a person looking to buy what they sell. It's still pretty uncomfy but there's no creep at the bank reading "Bill has a gastric issue that impacts his take home income" What was creepy was when I worked at a call center for a medical provider, with almost no training and a single interview, they gave entry level hourly workers access to tens of millions of medical records that you could search through by name and zipcode with absolutely zero oversight. Made me very uncomfy.
    3
  44543. Going to see you as soon as you get home, you are so funny! 😁 you have a great tan! And yes you make valid points!!!! Hugs! 🤗 Stay safe 😘
    3
  44544. Great videos Michael, recently found and subscribed to your channel, what is you take on the condo market given the current circumstances. We are starting to look for a winter getaway and would appreciate your advice, thanks
    3
  44545.  @MichaelBordenaro  Thanks very much Michael for the quick reply, appreciate the viewpoint
    3
  44546. siesta key or Miami beach? honestly and why
    3
  44547. In St. Petersburg it still feels nice.
    3
  44548. Thanks Michael! I live in Pembroke Pines! Nice place😎🌴
    3
  44549. "Gators, don't try to pet them, just admire them from a distance." 😎
    3
  44550. I just love your videos! Your videos are very relaxing and informative and you just talk so sensible which is rare today. Also the scenery is beautiful
    3
  44551. Cheese curds all the way at culvers! Their frozen French fries are pretty lame. They could hand cut real ff to match their burger and custard quality. Like the video.
    3
  44552. I don't understand who is buying in California. Homes selling for $3M have a MONTHLY property tax of $3000. How does any investor break even on that?
    3
  44553. The house I rent would be 3200 if I bought it but I pay 1450 😂😂😂
    3
  44554. Hey Mike! My movie has been delayed. I hope to be out there by the beginning of year. Thanks for all the great info as always.
    3
  44555. also: Nice hair cut!
    3
  44556. And . . . AND the "King Tides". OMG, they are the worst and I live in West Palm Beach (Florida native) and all along the the intracoastal streets are completely flooded!! You cannot get around it, have to go through it or park way up the street and walk to your house. The drainage system here sucks.
    3
  44557. Awhh shit the rare video where he not wearing sunglasses!
    3
  44558. 🧜🏄‍♀️
    3
  44559. Surely it is better to armed with the truth than be in denial. Plan for the worst, and hope for the best. I am in UK and can vouch for the points you raise about UK mortgages. I have always gone for fixed rate over the longest time so repayments are always known and budgeted for. We do have offset mortgages here where you offset your mortgage owed amount against savings (with the same bank of course) and you pay interest on the difference. Narrows your choice for savings though as you could get better returns elsewhere. Love your channel, and keep telling us the truth.
    3
  44560. Hi how can i get in touch with you , its about buying a house in florida
    3
  44561. Looking forward to your walk and talks across the country. 😊
    3
  44562. Another rockin' video...can't wait to get there and bike the beachwalk. Miami's strongest quality its inspiration and that goes underrated by most
    3
  44563. Nice burn towards Portland. Lol 😆
    3
  44564. Should head up to Norther California. Don’t go to San Francisco to rob you for your phone.
    3
  44565. Hate to give up the garage.
    3
  44566. The American Dream is being able to start a business and make it big or small starting from nothing. Buying a home is only part of it if that's specifically on your goal list.
    3
  44567. Michael, you have that smile on your face in the beginning for a second or two...is that because of the success/ popularity of the channel or because you know whats coming? 😊✌️💯
    3
  44568. Congrats on 100k Michael!
    3
  44569. Always watch your market Guys! It's so important to know how your market is working, especially in these days to avoid making bad financial decisions!
    3
  44570. Supposedly if the car gets stolen the digital license plate will say stolen
    3
  44571. The Federal Reserve is not blind or naive - however, they may be arrogant and think they know everything. Nevertheless, the Fed is political and it engages in political spin in order to keep the current Administration in office - whatever that Administration is. They do this every two years when there is a national election.
    3
  44572. St Augustine is MY FAVORITE TOO!
    3
  44573. ❤ positive vibes. Hope you heal up quickly. You can always have Lisi push you in a wheelchair 😂😂😂
    3
  44574. 150k subs good on ya❤
    3
  44575. Is it just me or does it feel like 99.9% of people are criminals?
    3
  44576. Beautiful, Michael! Thanks for to give g us along!
    3
  44577. yes to the video on how to prepare for financial downturn!
    3
  44578. I think you would like Palm Beach County a lot more. Thats where many people have moved. Also not perfect, but better than Miami in the ways you talked about
    3
  44579. You dont need millions you need 1 or 2 properties. Which is what im waiting for so yea I think the guy has a point. Half my gf family is waiting to buy as soon as they can. They printed a whole lot of fking money. Yes the gov is removing it but they wont be able to. Prices will not drop by much before the gov needs to drop rates again, so I predict the opposite. If you have a house your not going to sell it unless they give you a crazy amount.
    3
  44580. Governor Stitt out here in Oklahoma had another subordinate snake money from PPE money. He's at like 5 appointments now. It's never him. So he says it was him or them, at what point is it the manager picking shifty shifty people. I swear old time Republicans had more of a moral compass.
    3
  44581. What you said about Miami Beach is 100% true! I visited many times the area with my family and friends and taken the Art Deco tours and swam many times at different spots of the beach at Miami Beach. In 1977 I went for the first time to Miami Beach at Ocean Drive and third street near the old pier that used to be on the beach and stayed at the many Art Deco hotels and visited Lincoln Road when South Beach was a community of Elderly Jewish retirees in the late 1970s and 80s. There are lots of things to see and do on Miami Beach.
    3
  44582.  @MichaelBordenaro  Yes indeed it is a wonderful place rich in history and culture. Miami Beach was put on the map by developer and promoter Carl Fisher when he started developing the area in 1914 and 1915 when Miami became a city in March of 1915.
    3
  44583. Plus the fact that it rains like a mad man in Florida, that seems to make sense why the water bill isn’t too bad. I mean, it doesn’t rain enough here in Las Vegas, NV. Right now it is 115-117 here in Vegas and I miss that Florida rain 🌧 lol!
    3
  44584. That savings in renting vs owning could also be invested and could offset the benefit compared to owning and selling a house, potentially even by a large margin.
    3
  44585. I wonder if Florida is going to be the next California, or New York.
    3
  44586. Free refi in the future? What if the lender closes their doors?
    3
  44587. Man I spent a lot of time down that boardwalk. I was hoping you went down to the Murano Grande, so my wife and kids could see where dad lived in his younger , successful days lol. Great video. I loved it. Brought back awesome memories. Thanks Mike
    3
  44588.  @MichaelBordenaro  well then what about China and other countries that doesn’t adhere to those warnings from these climate change experts. No one is going to stop them from emitting all those emissions. And what about Elon musk and the rocket launch in recent history. That to me has more of an effect to the atmosphere that what we can do.
    3
  44589. Australian BAnk,s are pretty cautious but there will be a lot of mortgage Pain over the next 2 year's,,,Sunny here today a good day for A Ride.
    3
  44590. 😎🍹
    3
  44591. I agree with your philosophical aspect of the Housing Market. Thank You, Michael. Well Done 🌟🌟🌟🌟🌟
    3
  44592. Show some SFR sample homes below 250k for sale in that area if they exist. Coops are a disaster to invest in for rentals.
    3
  44593. Chaos ahead for condo market. Building codes will change if this was something structural that could've been avoided, insurance will go up, Condo costs will go up - even though a lot of people won't want one - which is a unique situation. HOA fees will be going up, special assessments, etc. Before Andrew we paid $360 a year - A YEAR! - for homeowners insurance. Now it's 4-5K for less coverage with wind deductibles. Housing costs are of course higher to pay for all the new building codes. Lots of changes are coming. As a mom to two sons your age, I can tell you that even though you'd be fine leaving this earth with a full life lived, your parents would be devastated. In my eyes, you're a boy with a whole lotta living left to do. ;) Losing loved ones, especially so young and even younger in this type of horrific way - just awful. Something I would never get over. Especially if they find out it could've been preventable.
    3
  44594. I like seeing your whole face, Michael. You’re quite handsome!
    3
  44595. Hope you ok...watch your step!
    3
  44596. Awesome story on your hurricane experience. I enjoyed it. Keep up the great work Mike
    3
  44597. This event is going to increase the demand for new single family, single level housing on the Atlantic coast. I see a lot of that growth going north of Miami up to the Treasure Coast where those homes are still affordable.
    3
  44598. Not quite crashing yet, maybe by the end of the year.
    3
  44599. You want to know what is REALLY SAD?? There are SO MANY people who are completely gullible or total unaware of all this happening. What's BAD about that is, those people are still spending money "recklessly". Buying new cars at massive mark ups. Since some may still have some money left from the government or from all that overtime in their job. Even worse, salesmen, dealers, and realtors lead them to believe that the markets are going up and they tell them to "hurry" before someone gets it. It's like a lion convincing a deer it's safe to enter the cave
    3
  44600. Hi Michael, any plan on doing a video about waterfront homes (not canals) in Miami or any other part of Florida?
    3
  44601. Spot on!!!
    3
  44602. Hi Dad
    3
  44603. I work for a global company with offices all over the United States, CA and Europe and we are being required to return to the office
    3
  44604. Hi Michael, I’m an RN and recently located from San Diego to Florida to be closer to family. I would love to connect and get your advice about neighborhoods to live. What is the best way to for us to connect? Thanks!
    3
  44605. TY for this man. Getting myself ready before I make the move. I cant wait. Your saying you can wait for winter lmfao.... when I cant wait for it to end here up north
    3
  44606.  @MichaelBordenaro  your videos are great. Keep going them for sure. If you have any videos about north beach specifically feel free to send me a link
    3
  44607. I wish you all the best to your new journey Michael.
    3
  44608. Michael, Awesome channel Is it possible to buy a 3 bedroom house cash in the $500K range (Boca Raton/Delray Beach) or is Black Rock outbidding We the people?
    3
  44609. Being in California is nice. It does get warmer as you go further south to L.A and on down to San Diego I love them all but with that you do need a 🚗 car for living in California in general. Once you have a car then you are almost set to be there.
    3
  44610.  @MichaelBordenaro  I was joking, lol. And yes I have noticed, lol. Btw, I walked from Surfside all the way down to my street last night. Loved it!😀
    3
  44611.  @MichaelBordenaro  Yes indeed! Got to see pretty much the whole island down one major road, did it again yesterday!
    3
  44612.  @MichaelBordenaro  Totally agree! Love it! 😊
    3
  44613. Great video!! Your videos deserve a lot more views! The talking is great since you have so much knowledge about the city. You educate the people as you film, please keep it up. I wish you much success.
    3
  44614.  @MichaelBordenaro  you should look into investing in the stock market by starting an ETF portfolio with Vanguard and reinvesting the divideds giving you compounding growth.
    3
  44615. Hi Mike, I'm totally jealous! Central California weather, foggy and cold. I hope to be moving to Florida in 2021! Enjoy the day!
    3
  44616. My brother bought a home in Siberia a year ago. Now, the price of the house is higher. So that was a good deal :)
    3
  44617. Here are the countries that one must be a citizen to purchase a property in that cpuntry:Barbados.Bermuda. Cayman Islands, Mexico.,Turks and Caicos. Why cant USA require citizenship for purchasing a property in USA.
    3
  44618. i do not own a house. (whew) i do own several thousand ounces of silver held in private vault....
    3
  44619. Great advice Mike👍
    3
  44620. Another good video. Was nice to watch while living the life in Boca :)
    3
  44621. I cant wait to see the west coast
    3
  44622. Hi mike. I want to move to Florida. Are there any services where I don't have to drive down myself? I suffer from anxiety and was wondering if you knew of any services where I can get to Florida stress free? Thanks so much
    3
  44623. I'm moving to south beach
    3
  44624. Mike, does this apply to townhomes in FL as well or just a condo issue?
    3
  44625. One of the best videos from Michael
    3
  44626. Damn so that bitcoin that me and u got won't get me a crib out there
    3
  44627.  @MichaelBordenaro  wasn't trying to make you ashamed. Your intentions were clearly in the right place and most of your points were spot on. Was merely suggesting a better way to reach people. I work with overweight people consistently. I've learned what they respond to and what they dont respond to.
    3
  44628. You are 100% correct. Thanks for spreading the word!
    3
  44629. I like your COST vs. VALUE perspective. The Minority perspective indeed does more "Harm than Good". Stay with the REAL Value vs. what the Real Estate investor gougers (Corporations) are trying to do. REAL property value is what really matters. Personally, I hope a property value collapse DOES happen much deeper than 2008
    3
  44630. LMAO....too funny. You're right you do have to give some tough love sometimes..Its needed
    3
  44631. The corporate media keeps telling me that we've already hit bottom and prices only rise from here. I just can't see that being sustained. Who can continue buying? Big banks can make more money on t-bills than real estate rn.
    3
  44632.  @MichaelBordenaro  No womens in my hobby...
    3
  44633. Man I love walking outside and hearing the quiet hum of the ocean. It's like it's telling me to relax, you're in Paradise. Far as the property, I'd definitely entertaining renting it only. Besides the math, that space isn't enough for a big guy/family to be invested in long term
    3
  44634. In florida my insurance was 175 a month the cheapest I got it down to was 118 a month full coverage but in california I pay $66 full coverage the gas in orlando was 2.22 the gas here is 2.79 the cheapest i found which i drive like a few miles to fill up but the norm here is 3.39 - 4.00
    3
  44635. I know rain bands from Ian are already moving into your area. Stay safe.
    3
  44636. Looks like a nice neighborhood
    3
  44637. The lot rents have always been subject to the owner's whim. In many states, they can raise that rent as often & as high as they like. The inly way this have ever made sense dollar wise was to place that mobile home on tour own property. Otherwise, the numbers just never worked &, as seen here, they're getting slammed now. There should be laws regulating these types of rent
    3
  44638. NOPE! Well I guess that depends on how much money u make. Compared to California yeah it’s cheap here. Good luck moving here if you want to rent a place because there is no affordable rentals and if they are affordable they are total shit holes with a slumlord at the helm. Unfortunately. They are building everywhere and anywhere possible and downtown is full of vacation rentals, so as far as having authentic neighbors it seems like that is a thing of the past...
    3
  44639. prices will continue to fall after what happened recently. also rising water levels to come.
    3
  44640. You ever in key west man?
    3
  44641. Great intro to the channel. I started my channel in the last lockdown. Stay motivated!😎
    3
  44642.  @MichaelBordenaro  Thanks for checking out Michael - any tips? You have a great sub base! I have connected to and added to the pile ha ha :)
    3
  44643.  @MichaelBordenaro  thanks Michael - i have joined your other channel as well. I am trying to get better at reading the analytics but im not always sure what i am looking for. right now trying to study retention and see what i can change- i have now taken out the graphics which formed part of the intro but only did it yesterday so waiting eagerly to tell me if it works on analytics... if you ever want to join forces for a video would be delighted to :)
    3
  44644.  @MichaelBordenaro  find a group or start the group. Raise money, apply for bill in dade county then let the process take place to become law. A delivery of fresh milk in glass would be nice comeback. Also eatable water bubbles need to replace plastic bottles. Unfortunately. Made in japan. And the current situation with shipping imports is a travesty for u.k. and america.
    3
  44645. Thanks
    3
  44646. Went and saw it get imploded this morning.
    3
  44647. Thanks Mike. Yes like the idea of having true home buyer's get 1 crack at the houses available,before the institutional or conglomerations buying up all the houses but it is still a form of maybe communism and or socialism but it's not a perfect world but thank you very much keep up the good content
    3
  44648. Like unemployment during Great Depression?
    3
  44649. My rent is going up AGAIN! If my mom was still alive, I would definitely live with her to share living expenses (not a youngster)
    3
  44650. I don’t understand how people prefer a concrete condo to a house with a garden and the garage right near the front door one street further from the beach. For the same price.
    3
  44651. The ownership right to say no increases bargain power with insurers..and it was destroyed without compensation....
    3
  44652.  @MichaelBordenaro  Thank you Michael!!! 😀
    3
  44653. Micheal how do I get I. Contact with you? I am interested in a single family home in Miami Beach
    3
  44654.  @MichaelBordenaro  ok thsnks
    3
  44655. Haven't seen the burst yet, even after several companies have gone bankrupt and there's layoffs by the thousand in population 1,3M country Estonia._
    3
  44656. I love the cushions ! And the rest.
    3
  44657. Great video, as usual, Michael! And, your chat with the cat was fun, as it provided some lightness to the housing discussion which is pretty intense these days.
    3
  44658. Hey I’m moving to Miami in the brickell area next year and I really love ur channel! Is there any way you can make a video showing the brickell, midtown, edge water area for rental apartments and condos?!
    3
  44659.  @MichaelBordenaro  These are the same people that love the 30 degree cold days and snow telling me how hot FLA is! DUH it's FLA ! and I love the heat it makes me feel good before we had kids me and the wife would have the windows open in 90 degree Summer days! By the way love all your videos
    3
  44660. One has to wait for the layoffs to kickin
    3
  44661. How about selling a house when the interest rate is 2.625%. I think I will rent it out and just buy a bigger house.
    3
  44662. If you following global energy, 2023 is going to see record highs unless something dramatic happens to stop it.
    3
  44663. Every a.m. I see a guy around my age come out of the bushes next to the library.....where he lives!! More Americans than you think are basically broke living paycheck to paycheck. Taking my 2004 4runner to San Diego this Thursday where I'll beachside camp for a week. Shitstorm is coming....count on it!! Timmy C the forever bachelor.
    3
  44664. Florida real estate is a scam. Scare everyone, get them to sell cheap, Corps come in, buy em up, get their paid politicians to “fix” the problem, CHA CHING!!!!!
    3
  44665.  @MichaelBordenaro  Michael,..Even though my girlfriend and I won't be retiring to Florida we do have great memories of trips to the Sunshine state. Many visits to (pre- Margaritaville)Hollywood Beach,...slow driving down A1A from Jacksonville thru St Augustine to Daytona Beach.,..a couple of trips to The Keys. One favorite memory was about 12 years ago when we were in Miami being allowed to walk freely AND unaccompanied thru the closed(at that time)Hialeah racetrack clubhouse , grandstands,..and infield with the pink flamingo's. The clubhouse restaurant was still set up like they were expecting a full house that night ,...including elevators that still worked. Unbelievable once in a lifetime moment,..Btw,...I wanted to tell you how well -spoken you are. You never say ''you know'', ''it's like','I mean'',...or ''uhm'' while talking. That is extremely hard to do. I listen to Bloomberg radio during the day and some of their financial experts with degrees don't even speak as well as you. Credit your family and teachers back in Illinois.
    3
  44666. To answer the buyer's collateral question, buyer's agents will probably charge a deposit, much like a lawyer's retainer fee, and deduct fees for their services. I can see that happening
    3
  44667. The best part of this video is that you “rent” this condo and invest your money “smartly”. Let’s elaborate on that!
    3
  44668.  @MichaelBordenaro  looking forward to it. 👍
    3
  44669. I would love to see a live stream of the building coming down. Thanks!
    3
  44670. You can run for office and change the situation if that's possible
    3
  44671. I'm not trying to butt in on Michael, but a channel "building integrity" has some good information. He is a forensic engineer, but his channel has a variety of content on condos and HOAs. You could hire someone like him for an inspection.
    3
  44672.  @MichaelBordenaro  Thanks. Life is better when we help each other out.
    3
  44673.  @MichaelBordenaro  Thank you for this video and your answer. I’m in CT. The costs of the houses are somewhat high but not as much as CT. Specially in a desirable neighborhood. Other things that you stated like insurance is really high and since it’s an ongoing bill, it will add to your expenses and eventually catches up with the other costs. Sales tax is also high. I really loved this video. Again, thank you. The only difference is the weather. I would probably consider St. Augustine. I think the cost is a little cheaper there. The cost of what you would get in a house is very different. The beaches sure make up for everything though. Great video. Very good information.
    3
  44674. I’m not playing the game I purchased some property and I’m going to build
    3
  44675. Great story telling Mike B!. I just look at all of my job experiences as growing and learning experiences and more. In my case, ive been working since I've graduated from high school. To me, it's like I'm going up from beginner to knowledge and skills. I always look at each job as a different growth. Never see them as dead ends. Even at my current job, my current boss who is a A/hole says he wants me to work for until he retires while in my mind, I'm just working at that current job to build up my credit score and continuing to save money and one day quit that job and move to Florida. I always look steps ahead of the future. I'm consider it as possibilities and chances. And yes, there are bosses that are A/holes. I think they do that just tl abuse their power or show people that they're bigger than them. Which is mean. Thanks for the video!
    3
  44676. FTX .... The ultimate Zomboid
    3
  44677. Michael those experts had the same data we do. They are all paid to say the same thing
    3
  44678. Hello Michael I’ve just watched this old video and it’s one of the best reviews you’ve done. Excellent advice Sir
    3
  44679. Any big differences between east Coast and west coast? I used to live in Cape Coral and really liked it but haven’t seen much more of the state.
    3
  44680. its the purchasing power of the dollar manipulated to go down...thomas jefferson said if we let bankers manipulate our currency our great grand children will wake up homeless on the continent their forefathers founded. another thing is the stupid property tax which you will have to pay. example grandfather buys house in 1965 for $18,000 dollars, ends up paying mortgae for 30 years where he pays over 100,000$ dollars. plus taxes every year on top of all that. after mortage is paid off in 1996, still has to pay between $2000-$5000 a year for property tax for that house. years down the road the 95 year old wife thats on social security barely can make ends meet every month. it gets to a point that the property tax cant be afforded anymore and the gov takes that house. if a house can be in your family for over 60-70 years and it can be taken from you because you cant pay $2300 property taxes for that year its time for a revolution. do you know what the definition of a mortgage is? mort - means death, gage -means pledge. so your mortgage actually means death pledge.
    3
  44681. How is crime and is Homestead Florida safe to relocate to
    3
  44682. Michael, 60% routinely use cash because my guess ... drug dealers & "the oldest profession" don't take VISA, MasterCard, AMEX, Discover etc ... LOL
    3
  44683. Who lives in an apartment for 7 years these days? Renting gives you freedom. I'll take that anyday.
    3
  44684. Do you really need to worry about: snakes, bugs, scorpions and sinkholes? Or is that only if you are living in the woods somewhere??
    3
  44685. Thank you for pointing out SCAMS .... our justice system doesn't do enough to jail these types and they have been out in full force.
    3
  44686. I move in 1996 from LA to miami beach and I loved.
    3
  44687. Can you image wearing armor in the 17th century and slogging thru FL?
    3
  44688. Don't sell you first home. Or your second. Or any. The idea is to accumulate assets not get rid of them. Just refi and rent it out. In five years you will be happy you kept it. After agent fees, closing costs, and taxes, you don't make much more by selling.
    3
  44689. Once again, nailed it! Lol funny last comments 😂, can’t wait for your book about Florida.
    3
  44690. “Florida Confidential” —> (All the cool Florida secrets you need to know) Like the Great late Anthony Bourdain “ Kitchen Confidential” whose honest , straight shooter, attractive and real story telling book became a hit at the time he published it, even though he was not famous at the time he published, he became famous because of it and this at a time when YouTube did not exist, you seem to remind me of him but the more relax millennial generation version, just like him you are very casual on your videos but with a slower tempo but I think it’s because of your content and nice lifestyle, or maybe I am wrong and you really just like to chill hihi... But you have a talent for storytelling, very easy to follow and very real, keep at it and if you publish your book, let me know, I will definitely buy it... thanks for the replies Michael
    3
  44691. 27:40 BlackTesla 3 drives by.😂. They are everywhere in Miami. I think it's just a status symbol.
    3
  44692. Thank you for the honest assessment! While all areas have troubled spots I agree with what you said, the entire area is one of the fastest growing areas in the country and they have added many amenities over the past 4-5 years geared towards families. They also past an ordinance prohibiting panhandling. They recently added thousands of homes and will add Avalon of Daytona(same owners of Avalon in Orlando, higher end lifestyle living community for families) Considering the several hurricanes and covid impacting the area it appears to be overcoming it well. Also, the adjacent communities ormond beach, Port orange, ponce inlet, palm coast are considered to be even nicer. In saying that the whole area seems to be thriving. Hour to Orlando--45 min to St augustine --hour half to Jacksonville. Is has a great centrally located feel to many larger areas as well.
    3
  44693. West Ave. also has Fresh Market between Trader Joe's and Publix.
    3
  44694. I moved overseas. Dollar is up 10% and inflation is low here not to mention retirement and rental income is going up. All good. 😊
    3
  44695. You and me think exactly alike.
    3
  44696. Here is the issue. Is it that way comparing same size rent and home your buy? Comparing a 900sqft 3 bedroom is not the same as a 1500sqft 3 bedroom home. When I bought with a 0% down home in 2014 (when everyone was calling for a second crash as home sales fell.) then my rent was $200 over the price of a new home. Now it is $900 and that includes taxes and insurance. 1% a year is very much normal for repairs.
    3
  44697. omg I aready loves the patio lights blinking !!!!!
    3
  44698. Love you mate, thank you for your valuable information, keep the videos the way they are, enjoy it very much.
    3
  44699. Can people stop moving here? The rent has gone up significantly now. I saw a 1 bedroom apartment listed for 1900 the other day. Go to Idaho or somewhere else Sincerely, A Floridian
    3
  44700. Corporate greed is disgusting and destroying America!!!
    3
  44701. Well…..I tell you I thought I would not see the stock market crash like it did this week. I mean it went down a little more than a thousand. I almost fainted. But thanks be I don’t have any money in stocks. Then the debt to income ratios have gone to 40% instead of 36%. Why are we doing this to ourselves.
    3
  44702. Great report, nice axe set up behind you! Keep us poor working class in the loop as we save and watch the market to get a home a a reasonable price, where we’re not bidding to be underwater and loose.
    3
  44703. Spot on
    3
  44704. Keep doing the adds for something you truly believe in and it has real substance like gold and silver.
    3
  44705. How far you live from a beach is relative. I'm just over 4 miles from the beaches here in nyc but it would be about the same drive time 20 miles from a Florida beach for you. The funny part is rent is actually cheaper in the areas a little closer to the beach here, but then it skyrockets for the houses directly by the beach of course.
    3
  44706. Lots of places Put down fake non native sand too
    3
  44707. It's like getting a PS5. Scalpers selling them for twice the price.
    3
  44708. Thanks for this. -7th generation Floridian
    3
  44709. History always repeats itself but we shall never learn from history lol (I'm trying to why I'm waiting to buy a house.) Love the videos btw thanks for the info.
    3
  44710. Good video. $200 for health insurance is very low for most people. The ACA subsidies phase out for single people at about $40K MAGI. And, don't forget the large deductibles that go with ACA and most employer-sponsored health insurance plans.
    3
  44711. First rainy day in Ft Myers is several months. Cooler temperatures too! Feels good. Couldn't have appreciated it when I lived in NE Ohio.
    3
  44712. Are lap pools common in Miami Beach? My favorite cardio exercise is swimming and Google Maps really only shows Flamingo Park as a location for lap pools in Miami Beach
    3
  44713.  @MichaelBordenaro  yes, they’re helping me too!! I’m binging on your videos now that I’ve found them
    3
  44714. More money more problems! that goes from the top all the way down to your income.
    3
  44715. Yeah, when those tech folks get laid off from their six figure job, how are they gonna pay the rent? How are they gonna pay the mortgage? How are they gonna pay their psychologists? Ok, that was a little mean, I know. But couldn’t these six figure tech employees afford to put aside savings?
    3
  44716. What about the houses in Florida that are cheap?
    3
  44717. That looks like a real nice neighborhood. I agree with so much you said in this video. Million bucks for a fixer upper, says so much about current situation. we recently bid on a bank owned reo that was missing doors, windows, and was approx 100 years old. It started at 117k and ended up around 290k. I'm glad we did not get carried away bidding more than we could afford. A week later a house we previously were looking at came back on the market and we drove there immediately to talk with owner and submit our bid, he accepted it and we are awaiting closing escrow in about a week.
    3
  44718. I’m tired of renting. I want my slice of the American pie
    3
  44719. Thank yoy
    3
  44720. Your dad is one hell of a stand-up guy.... great man. Very enjoyable video, thank you for sharing. Loved your last video as well, what a beautiful hometown!!! Love all that greenery.
    3
  44721. Gen Z have jobs??? Could have fooled me.
    3
  44722. Love it Michael. We are in a time of great change and if people are spiritually evolved it is ok to attain all this as long as it is for the good of all. Now we all know most rich people are not there but some are and that to me is true success. As you say we don’t need that to make us happy but some at that level of wealth are not happy ... they never have enough. My motto is “Live simply so others can simply live”. As for the KardCashians never watched never will. People are lost on FAKEbook.
    3
  44723. So, when you moved to FL from IL Mike way back then, did you have a lot of money saved up beforehand first, such as thousands of dollars? Did you have a job lined up first in case the modeling thing didn’t go through or did you just find a job in FL after you landed there back then? I’ll actually be back in FL next month on my way to CA/Vegas/AZ for a vacation. I heard there is a SugarLoaf Mountain of a few hundred feet in FL. Is it just a small mountain or still a hill? Do you go back to visit IL at least once a year or every few years to visit the parents and family? 👌🏻
    3
  44724.  @MichaelBordenaro  Ok, I see. I watched that video a long time ago but couldn’t remember how much you saved beforehand before making the move from IL to FL. I’m gonna do a long day layover next month in the Miami area on my way to CA/Vegas/AZ for a vacation. I’ve been to Miami Beach a few times but haven’t swam in the pretty water yet. When I get back there in about three weeks, is mid-December generally a very safe time to go swimming at Miami Beach and at Fort Lauderdale Beach in FL as far as avoiding anything that stings or bites in the water? Any tips for parking as I’ll have a rental car with me? Thanks. 👍🏻
    3
  44725. I'm gonna say this like I said it before. A house is a debt until you sell it unless you rent it or house hack. You have to look at that way. I believe robert kawasaki said that
    3
  44726. Keep up the good work. You are the only one crazy enough to be walking around in the summer FL heat! Thx!
    3
  44727. where in illinois did you live? chicago area or farther south?
    3
  44728. Thank you for your wonderful work and keeping me posted on the economy and the real estate market. 😅😅😅😅😅
    3
  44729. heyyyyy MIKEY!!! I just lov videos like this!!!!,wish there was one for EVERY LIL beach town all the down the east coast & up the west coast!!! take care buddy!!! look forward to next video & many more!!
    3
  44730. So pretty. The music and lights are fantastic. Little mod lifter. Thank you.
    3
  44731. Dear Michael, How do you manage your health insurance? Hello from Vancouver
    3
  44732. But you have to think about it to if you live close to the beach you have to have a really good house that can withstand hurricanes some people don’t think about it because wen hurricanes hit and your right by the beach and you don’t have a strong enough house to withstand it it might be bad
    3
  44733. INCREDIBLE🙏☺💖💖💖💖💖
    3
  44734. Cool topic Michael…👍can you make a video about mobile home loan own land and renting land… and how does it work…
    3
  44735. Hi a friend stayed at an AirBnB in Ocean City Maryland recently and the place was horrible with mold leaking water torn up furniture etc How do they get reimbursed for all the money they spent?
    3
  44736. NYS banned natural gas.
    3
  44737. CA property is broken. It's broken!!!! Prop 13, yea... Broken. Broken broken broken broken broken!!! CA is a wacky state, you either make no money and get all the benefits or make a lot of money and have all the loop holes or you're middle class and are leaving or getting screwed or some how bought a house pre pandemic..... The prices are coming down, my guess is that most of CA is gonna drop 15-25% since July 2022 to November 2023. Then another 5-10% in 2024.... Prop 13, lack of development, Nimbism, politicians spending money like crazy, and lack of accountability are the main issues of CA.
    3
  44738. Good video. The audio and video quality and background scenery are excellent! I think you're premature on the "Fed" meeting (Federal Open Market Committee - FOMC).. They're not meeting on July 22nd. They meet July 26 - 27. I'm hoping for a rate increase, so I can invest my recent real estate sale proceeds into some decent-paying CDs and deferred fixed annuities.
    3
  44739. Love your vids man you definitely deserve more subs. I was wondering if you ever made a "day in the life" video. Thnx
    3
  44740. Wine is nice, I'm more of a whiskey man. Have a nice collection too.
    3
  44741. Great video ..how far a drive from Tampa to where you are ....west coast sounds boring
    3
  44742. Sounds like the laws force home insurance companies to cover things they shouldn’t. For example they should not be covering a roof that simply wears out. The laws may be the cause of the problem.
    3
  44743. I say spend a few days in each, relax, soak up the ambience of the places you're in. I would say skip Destin, it's such a tourist trap place. I think Ft Walton is far more homey and inviting and only a few minutes from Destin. Also I'm in Pensacola just moved a few months ago and having a heck of a time finding a home to buy. The market here is very much like your describing in St Augustine. But I'm loving it here and the beaches are top notch!
    3
  44744. 2 of the most real ones in one video. Ace!
    3
  44745. A big problem with the landlord that you mentioned who started $12,000, went up to $20,000, and drops down to $7000 is that their erratic history is public knowledge. Who on earth would want to landlord who is so screwy?
    3
  44746. Thanks for this video! You planned tis out so well and even gave us a time line! Awesome!
    3
  44747. Thank you!!!
    3
  44748. I got vertigo trying to watch this 🥴🤣
    3
  44749. We live in Sarasota and love it here but we travel all over the state. If you like St Augustine you’ll love Pensacola, it’s a shame you didn’t make it over there. The downtown is a very cool historic area with a laid back vibe and the beaches are beautiful. Maybe it’s a good thing though timing wise because when we went (4/21) the main bridge to the beach was closed and it made getting to the beach a chore. Overall though, really liked Pensacola and like Tallahassee it had some elevation to it, but it also has beaches. Very cool town.
    3
  44750. The apartments you showed have furniture. Are the rental apartments all furnished?
    3
  44751. Michael Bordenaro are furnished ones much more expensive?
    3
  44752.  @MichaelBordenaro  Thanks, Michael. Other than the monthly rent, what else does a renter need to pay, and how expensive are they?
    3
  44753. Michael Bordenaro how much do the utilities cost? Is electricity extremely high in summer?
    3
  44754. Man i make $43/ hour. NO DEBT, and it’s still hard
    3
  44755. We had an agent (who was a referral) tell us we could get more for our home. I didnt really agree but went with her anyway. Took 2-3 months to see with big price drop. They also use this tactic to get more commission in addition to luring you in.
    3
  44756. I love the West Coast of Florida more than the East Coast.
    3
  44757. Like the new hair color and hair cut looks very nice. There is this one guy who didn't even bother to shave his face when he appeared on video I told him to shave lol 😢
    3
  44758. In California, LENNAR is dropping new home pricing. Those who placed deposits just 3 months ago are walking away .
    3
  44759. Fed balance sheet - Got Gold ?
    3
  44760. Hey Michael, Great info, Thanks!!!
    3
  44761. We have it a lot easier than others who can't take it, especially at this time. Alcoholism, drug addiction, suicides have gone way up since Covid. Sounds like you're an empath. I can't stand large crowds or a lot of noise.
    3
  44762. Its exciting when the power goes out .I don't like not having power but still.
    3
  44763. There are a lot of channels that will tickle your ears if that's what you are looking for. I'm not.
    3
  44764. I live in south eastern Virginia and my wife and I are looking to buying a town house. Its our first time. Our credit scores are fair. We are looking in two buying a town house. What are the pros and cons of this and what percentage do you have to put down. Thanks Larry
    3
  44765. Always good videos Michael , cheers
    3
  44766. I predict the Feds raise the rates another .25 tomorrow. Hey Michael, I've got some information for you that I heard today. There was a new housing development in Scottsdale, AZ w/ over 500 homes that were built in 2021 w/ no water. Apparently to remedy that situation, they relied on water to be trucked in. Well, the city has decided to stop the water-hauling services to NON-residents this year, leaving potentially hundreds in the Rio Verde Foothills high and dry if they can't secure another water source before then. CAN YOU IMAGINE if you were one of those people, out of state, vacation home, that bought during the boom and now you've got to figure out where water is gonna come from and how much that's gonna be?? This is another thing about the un-predictibility of the market. You can't foresee the future or know what's coming that's gonna really affect you later. Regarding gold and silver for payment on a house, etc? Heck, in CA, they're accepting CRYPTO for payment on homes. So there's that.
    3
  44767. Where I am CA, houses are still selling same week some selling in 2 days over asking. Iv put in many offers at asking no luck. I have also seen a lot of homes doing price increases after a few days I assume from the amount of interest they receive. The only homes I saw take price cuts are flipped homes with investors asking way to much to start off with.
    3
  44768. Executive delivery on your time spent today, stay grinding
    3
  44769. Great video, that’s my neighborhood and I love it here. I moved from Miami to Miami Beach last year. Originally moved here from St. Louis and was considering Lo’s Angels, but I’m so happy I didn’t.
    3
  44770. Agreed, you get so much more for your money and the weather is not as bad as people think. The ocean breeze makes a huge difference.
    3
  44771. I generally agree with cash injection meaning higher inflation, but to say expanding the child tax credit incentivizes people to have children… 1. It is proven to significantly reduce the number of children experiencing poverty and food insecurity. 2. Children are around for 18+ years, you don’t have one to gain 2k or whatever it will be that is subject to change each year or be eliminated entirely. 3. Even if it does encourage people to have children, massive portions of our economy are predicated on a growing population and our generations are sinking. We are only growing due to immigration. I would call this one of the better parts of the “bail out” plan.
    3
  44772. Michael, No matter what you always have people that would said negative comments about Florida I have been there many times, and for my personal experience is a great state to live, I looking forward to move back to Florida.
    3
  44773. Thanks!
    3
  44774. You are correct, you must have a retirement plan if you want to retire. Another great video. Thanks.
    3
  44775. Why sell your house if you have a 2 to 3% mortgage. Just silly to then get a 7% rate.
    3
  44776. Interesting video Michael, very interested in seeing how this all goes. I agree with you 100%!
    3
  44777. Why isn’t the govt stepping in and protecting home owners
    3
  44778. Thank you! Can you do a video about "how to read people"?
    3
  44779. Well now that the housing market is completely out of control and unaffordable, landlords will now get their share of the greed and start gouging renters. Maybe the “Great Reset” isn’t so far fetched after all.
    3
  44780. Great reasons to choose Florida for residing or retiring. What about the yearly worries about hurricanes and tropical storms? isn't the state too flat?
    3
  44781.  @MichaelBordenaro , thank you for the explanation, information and reassurance. all nice places come wiyh a price like tsunamis, earthquakes, volcanic eruptions, forest fires. Hurricanes remain scary
    3
  44782. I was thinking the same, why would they want a loan.
    3
  44783. Hi Michael. I totally understand where you're coming from. Just don't forget, soon they will run out of water, and you won't want to be holding real estate when it happens. Better think long and hard on this big decision.
    3
  44784. I'm sorry if you already mentioned it but I heard you said there isnt a neighborhood name in the intro. I live in Miami so can you tell me what area you were in Mia Beach? Street blocks, etc if no neighborhood name
    3
  44785. Great video. I grew up for a small part of my childhood on Miami Beach... More so in the North Beach area. I started school over there, went to North Beach Elementary & South Pointe Elementary. A great time in my life. I'm thinking about going back because everytime I visit I miss it.
    3
  44786. It’s all getting to crazy . Hope we don’t turn out like Argentina . The greed at the top just got to out of hand.
    3
  44787. I really didn't like Tallahassee that much when I was there...I mean it was ok but it kind of reminded me of Charlottesville,Va ...where I moved to after leaving Long Island and I really HATED Charlottesville... typical college town feel (even though you might not have picked up on that vibe,with COVD and all...like you...I prefer the beach lifestyle...sand...sea...and Sun...enjoy your journey!
    3
  44788. Huge congratulations mate on your YouTube award. Love your videos-find them fascinating as the US housing market etc is set up quite differently to Australia’s. 😊
    3
  44789.  @MichaelBordenaro  the northernmost point is called Bean Point, named after the first settler, who homesteaded there in 1895. Imagine going down to Florida back then, finding this little island off the coast and setting up house there. No chick-fil-a, no Subway or Starbucks. But also no HOAs, CDDs or deed restrictions. He could have parked his RV on his front lawn and nobody would have complained (if RVs had been invented).
    3
  44790. Live on a boat and leave the area when the weather is dangerous
    3
  44791.  @MichaelBordenaro  oh nice, the one park I haven’t been to yet! Hmm I’ll have to visit in the future!
    3
  44792. Wish I knew you were in St augustine. Would've met you for a beer or gone kayak fishing with ya
    3
  44793. Michael Bordenaro thanks on helping me make my final decision
    3
  44794. Great job we are looking for another’s videos. Peace and blessings thanks 😊
    3
  44795. Denial is a fatal weakness.
    3
  44796. I'm staying on South Beach Jan 2022. I noticed that there's no alcohol allowed but you wrote in another comment it's not enforced. I stayed on Hollywood Beach last year and a girl walked around taking drink orders on the beach. Different laws there?
    3
  44797. Surfside was very affordable just 8 years ago, I used to rent a 1/1 for under $1000.00
    3
  44798. You live in Miami which is the absolute worst place in the country to drive in. It's not good being a pedestrian there either.
    3
  44799.  @MichaelBordenaro  Yup.
    3
  44800. Not worth it, it looks like a cottage. You need to be nuts to want to throw your money away lie a fool.
    3
  44801. please do a buying option of this video. thanks
    3
  44802. Hi Michael I'm from Ireland and im after getting a job opportunity in Ocala Florida I just want to ask how safe is Florida is there anything I should look out for just on TV and the news you hear alot about gun violence and mass shootings its just I'm from a small place and the people around me would say that place is dangerous so I have watched your videos on Ocala and it does look nice hope you see this message thank you 😊
    3
  44803.  @MichaelBordenaro  Thank you so much for your reply I appreciate that I'll have to fly over and have a good look around get to know the area if you have anything else that you think could help me in anyway or advice please let me know. Thanks so much
    3
  44804. Gulf Breeze doesn't exactly front the Gulf, but it does front both Pensacola Bay, and the Santa Rosa Sound. It's actually a pretty nice little town, and highly sought after. Really enjoy your videos.
    3
  44805. We will see the worse , after the election on November .
    3
  44806. These so called home flippers are these speculators fresh from wallstreet. Who know Jack shit about real estate investing? I know about seven cancellations in my area. A FSBO that been advertised for over a month now.
    3
  44807. Stay in Destin, if you are heading to the pan handle. Stay for a couple/few nights, and perhaps do day trips to Ft. Walton and Pensacola to Explore. Those are all beautiful and calm areas to consider moving to. I think this is great that you are exploring and suggest taking the time you need. Go with your gut. You have been wanting to buy a place that really speaks to you, and where you feel good about settling down in a home that you own. You are smart, thoughtful, and a hard worker, Michael. You deserve to be a happy, comfortable home owner! Go for it!
    3
  44808. That Politian was probably made that the building owner made him come to work that day. Most of them do nothing.
    3
  44809. Australians should buy RV's.
    3
  44810. Hopefully no repeats of 2008.
    3
  44811. Hi Michael I Love your Videos Lewrllen from Philly pa
    3
  44812. There's tiny inventory so I suspect sellers in my area wouldn't offer to pay the buyer's agent. Stuff around here gets lots of bids over ask so it doesn't seem like sellers need to do this. A realtor friend said that he's not changing his business practices. If a buyer or seller wants to use him, he will get his fee. I think that it was standard 3/3 back then. We also have a real estate transfer tax that's also 6% and it was also 3%/3% though the buyer paid the 3% rather than the seller paying both. I like the comments here and the answers to them. I have no expertise at all in real estate compensation and would just depend on my real estate friend for advice. He doesn't live anywhere near me so he has no financial interest in selling me anything.
    3
  44813. Awesome!!!
    3
  44814. Awesome video
    3
  44815. Another nice one to enjoy on a Sunday morning. We must hope the market stays volatile and crazy so you keep having something to talk about 😁
    3
  44816. You did a great job💕 I enjoyed the drive especially when you passed by our home away from home, Destiny By the Sea. Living in NJ our beaches by comparison can’t hold a candle to the Gulf. The soft powdery sand the blue water makes my heart slow to “zen” just thinking about it. Saving for vacations and staying at one of mansion is well worth all my penny pinching🏖wish I was there now!
    3
  44817. Yo....taxes increase recession and spending causes inflation....so the recession is going to get really bad....the excess money should be put back to reduce debt and not spent so inflation could be reduced
    3
  44818. DeSantis is the man. That’s why Florida is doing so well.
    3
  44819. I just want to jump right into that water! It looks so nice.
    3
  44820. Long sleeves???? It must be cold down there! Not for long.
    3
  44821. Jumó beach is heaven !!!! You’ll be happy dog friendly beach lots of restaurants PBG mall great local shopping white sand beach 🏖 omg I’m so excited for 2of you !! I used to live 4 miles from juno beach But because I’m single I couldn’t afford to buy I was renting I bought a condo in Hobe Sound is north from Jupiter Island little nobody knows how Heavenly this area is and honestly I didn’t either until I ran out of hope fue to how expensive can be living in Jupiter!! Tequesta Hobe sound Stuart is a local secret for living by the beach without the extra $$$$$$$ Very affordable beaches are so beautiful white sand no pollution!! And depending on the weather the beaches are aqua blue like Cancun!! Good luck 🍀 ❤️ you’re closer to find the perfect balance of living in paradise!!
    3
  44822. Jumó beach is known for dog friendly beache!!! Plus free parking ❤️🙏
    3
  44823. Only in a Socialist or Communist country where 80% are poor and 20% are rich. And, no, they do not last.
    3
  44824. One bucket of money that will be accessed is the parents and grandparents of struggling families who get completely tapped out need a family bail out.
    3
  44825. I’m so glad I stumbled onto your channel, I watched this video from start to finish and it was informative, insightful and very entertaining. Hopefully I will be visiting Miami sometimes next month with my family to do some scouting for possible relocation from this cold hustle and bustle life here in New York City. Please keep making these videos and keep up the good work
    3
  44826. Omg omg omg more kittyyyy
    3
  44827. Good sound advice !! Loving your videos !!!
    3
  44828.  @MichaelBordenaro  I just came home today with a 2020 Jeep Grand Cherokee and I had to get the panoramic view sunroof....just in case I do get to move down soon....thought it would be incentive and something to get me moving faster ! I think your idea of a 2 week move to simulate the real move is a great idea. I used to live in Madeira beach and even tho I come down every year its just a week of vacation ...but NOT doing the boats and touristy things would be a better idea. Im thinking closer to 3 weeks would be even better. I already do have friends down there and had my wedding on Sand Key 4 years ago... thanks again ! Lots of good stuff here !! I think holding off to find a condo to buy has held me up from taking the leap...when maybe its not even the best way to go.
    3
  44829. I think it is lol, it seems like in Spain it’s a bit more easier than here from my research and it’s a lot more affordable in some parts like the South. Anyways, thanks again!
    3
  44830. Love the different places Michael 😎
    3
  44831. Nice Rolls Royce at 10.33
    3
  44832. To be perfectly honest I haven't seen any video of yours posted that I was not interested in keep up the good work thank you
    3
  44833. It was the opposite for me, I grew up in a big city in buildings my whole life, but I’ve been living in a two-story unit apt in South California for 6 years now. I feel you. I also can’t stop thinking about it. After the tragedy, I remember waking up in the middle of the night and thinking about the ceiling falling down. Just horrible. So so sad. I work in a high rise building but everything is meticulously inspected and not by the beach, so I don’t feel anxious. But yes, even though I don’t live in FL, the whole thing sends chills down my spine.
    3
  44834. They did the property tax rate hike in 2006 been there before, they do this because right now your property is worth so much more and they know it is going down, then when you request a new assessment, it will take them yrs. to come out and do it, claiming back up do to demand. these buerocrats have it all figured out. Pathetic.
    3
  44835. Thanks for that video. I couldn't imagine what landlords are going through now. It was good to hear your thoughts. Investing in gold and silver are fine (no pun intended) though it should be kept at no more than ten percent of your entire portfolio. Might I suggest some passive dividend income as another income stream in your later years. Don't lose hope.
    3
  44836. It is hard to pick your neighbors and there barking dog's . That is high on my list im 57 and like adult community's or land im in Arizona i have been looking for both. But will the government let it crash.
    3
  44837. I know it sounds weird but do people swim in the canals at all or just the ocean? Was looking in this area to rent or buy.
    3
  44838. You’ll notice that there’s a reason most of the unit’s offered are on the ground floor; they can’t see the water. That’s a big deal especially for renters.
    3
  44839. Greedy landlords will force their renters into nonpayment, causing them to default on their own properties
    3
  44840. What about Bugs?
    3
  44841. Congratulations!!! 🥂 That’s awesome 👏😊
    3
  44842. Defaults on 🏦 loans? Who would have thunk it? 🤷‍♂️
    3
  44843. I like this channel
    3
  44844. all I hope is that the US economy gets in shape within the next 7 years as I look forward to live in Florida!
    3
  44845. yes arm's are the ultimate scam from the evil banksters to take over your property !
    3
  44846. 👍✅😜✅👍
    3
  44847. having a car is like living with someone you can't stand..!!!!!!!...lol
    3
  44848. Very cool. Congrats.
    3
  44849. 👍🏿👍🏿👍🏿🇬🇧
    3
  44850. Can u do a COVID episode since Miami is hit hard?
    3
  44851. Venice looks like daytona with more traffic.
    3
  44852. The irony of the Attenborough documentary and California. Imagine if one big quake (or the forest fires) made the place uninhabitable and mother nature was forced to take over and rebuild like Chernobyl.
    3
  44853. #3 is the 1💎
    3
  44854. Not to mention they probably look at all your social media activity
    3
  44855. Hello, you suggest a video in the end, but you don’t give me any extra time to push on it 😳 Make a nice Florida endscreen for at least 10 seconds, just enough to read the title of the video and maybe subscribe if you place a subscribe button on your endscreen. Love your videos 🤝
    3
  44856.  @MichaelBordenaro  I want to here you all the way to the end, and if I click on your suggested video, I will miss your last words 😀
    3
  44857. Those mansions arent even in good shape. Look at outside th walkway greens house siding looks terrible
    3
  44858. Exactly. The time is now for generating income rather than making a big spend
    3
  44859. Hey Mike I enjoy your content quite a bit And I was just wondering about how old are you anyway you seem rather experienced how many years have you ben in the business
    3
  44860. When I was a child, we lived in Orlando. I remember walking to school which seemed to take forever and it was very hot. Then we moved back to NC. From 1981-1984 I lived in Lake Placid, Sebring,Avon Park...loved the lakes in Lake Placid. Lived and worked at Miami Country Club and spent my 18th birthday on Miami Beach. Been all over Fl really Tampa, Pensacola, West Palm Beach and Jacksonville. Ended up getting homesick and ever since been stuck in NC. Since everything has changed Im sure nothing is like I remember it. 1984 was a long time ago. I have 3 sons now so would love to live near beautiful lakes or springs where I wouldnt be eaten by alligators lol. Thought about Chystal River but I need to live near a childrens hospital but dont want to live in a big city. So near St Petersburg..but need to do do more research about the hospitals. As I get older Im almost afraid Ive waited to long to move but we are really unhappy here in NC. I wished I had settled in Pensacola years ago.
    3
  44861. I think so too. We live in a rural town. No opportunities. The boys are bored out of their minds and the schools thumbs down. Just need to figure out how to have a place when we get there cause dont want to be living in a hotel or be homeless
    3
  44862. Oh thats awesome. Thank you for the tip. Have an awesome day!
    3
  44863. Hi Michael you started to show us your visits on the Map...would love to see😁
    3
  44864. Loved the part 2 micheal.
    3
  44865. I'm a subscriber of Nick's channel. He has excellent data driven videos.
    3
  44866. Listening to you is important to me in keeping up with the real estate market. Oh… A (For Effort)
    3
  44867. Love your punchlines....like a curious child emphasizing his point !
    3
  44868. Finally thank you
    3
  44869. I'm keeping with my plans to move to Florida in November. This is going to be my last Minnesota winter! And rent prices are cheaper in Florida (I'm looking around Jacksonville), so for me that's great!
    3
  44870. Thanks, I’m thinking of relocating from Chicago to St Petersburg. This really helps.
    3
  44871. Mike, Do you think the Russian invasion of Ukraine will make the housing and stock markets crash ??
    3
  44872.  @MichaelBordenaro  pretty sure stock market and housing market are connected
    3
  44873. I’m surprised Kissimmee isn’t on the list
    3
  44874. Hello I love your videos Thank you so much for posting!💖👍
    3
  44875. Why do streets in Florida have no gutters?????
    3
  44876. Michael, you have a bot in the comments with your profile picture
    3
  44877. "Marry the House, Date the Rate"
    3
  44878. Ur killing it mike.. I really enjoy watching these type of videos... I myself would love to wathc ur extra footage, Maybe we can hear ur guitar playing skills in the background .. great job my friend
    3
  44879. Can you show a map where the big crash will be thanks
    3
  44880. I just subscribed yesterday 👌
    3
  44881. Do you find the UV protection is legit on the glasses? Love the look of them!
    3
  44882. 3rd
    3
  44883. Welcome to California.
    3
  44884. The whole point of what the fed is doing is to beat down the markets and slow down consumer spending. If the markets stay above 2019 levels, people will still feel somewhat rich, psychologically.
    3
  44885. 27:35 - what's the name of this channel?
    3
  44886. It ironic at 10:46 minutes into your video a repo truck drives behind you while talking about the housing decline....
    3
  44887. When are you moving to CA, Michael?
    3
  44888. Clearwater is one of my favorite places!
    3
  44889. I have always suffered from relocation addiction I have lived all over the country. Once you have the itch it never goes away. I will not budge for now with the world we live in🙄
    3
  44890. Absolutely 100% fake they want people to think there's a lot of jobs out there and there's not we believe they're doing this for the voting that's coming up to make them look good
    3
  44891. Did you see the news article about removing 1,500 palm trees from Miami and passing in a different type of tree in Miami over the next 50 years? If you did I was wondering what you thought about that?
    3
  44892. Unless the currency is gold backed, expect a LOT more printing to happen very soon. IMO its all going down once people realize the only safe harbor is precious metals.
    3
  44893. I enjoy the walking tours.
    3
  44894. What do mean not great . $1.3 million appreciated? Thats a ton of money.
    3
  44895. It’s so weird seeing you in California lol
    3
  44896. California can’t account 24 Billion missing. 24 Billion! These politicians steal all the money when infrastructure needs repair and homelessness is a big problem all this will end bad.
    3
  44897. Happy Thanksgiving!!!
    3
  44898. Also, thank you so much for your videos! You and your honey are appreciated
    3
  44899. What is your definition of Rich? They should cut back be forced to pay more in Property Taxes so people who didn't plan properly don't have to?
    3
  44900.  @MichaelBordenaro  Appreciate it, the world needs as many good dudes as possible!
    3
  44901.  @MichaelBordenaro  hope I can as well! Been trying to for ten years.
    3
  44902. Can't wait for the praise to go down!!!
    3
  44903. Are you familiar with any realtors in Osceola County? Can you recommend anyone from that area? I'm looking towards there instead of Broward County. Sorry🤷🏾‍♀️
    3
  44904. Thanks Michael! To clarify I meant to say that after growing up in apts I bought my own HOUSE where I've lived for 23 years. Do you have a FB page where you post videos because it's easier for me there. I don't go on YouTube as often.
    3
  44905. Thinking about it, I've done this often, but never put the trend together. Thanks for posting that technique. Pays not to be in a hurry!
    3
  44906. Hi , is it possible to get a tourist Visa for Florida? I am Lebanese. And if yes how much it costs and how long does it take?
    3
  44907. Thanks.
    3
  44908. Thank you. Continued success in the Real Estate Industry.
    3
  44909. Buy a used small sedan but people want those big trucks
    3
  44910. Very good my man I love the nightlife and restaurants
    3
  44911. People are still delusional. I own 1 rental properties in West Palm. Theyre raising maintenence 12% and taxes up 20% this year. Its way higher year over year. I have a 25 year relationship with realtor and hes admitted its going to crash in Fla. And it will be a rough 7 years at least whwn it crashes. Im glad i didnt move to fla and I never will. Ill take the cold. Property values are better supported in northeast as are jobs. Ill take the cold. I like it on my face and it kills the bugs. The insurances alone are gonna cause mayhem. Many will be underwater in Fla w unsellable property. I'm also going through my first eviction in 25 years!!! Times are turning. Sadly many seniors won't be able to afford fla
    3
  44912. Amazon charges way more than their competition for AWS People are simply moving their stuff to other cloud services.
    3
  44913. Fed fund rate will not be cut in 2023. Frankly, I don’t think rates will dramatically decrease anytime soon. Imagine if we have a decade of interests rates above 7%. Or a gradual increase to 15-20% for the next 20-30 years.
    3
  44914. Hey Mike, Thanks so much for your continued updates of beautiful Sunny FL. On the other hand what is the Governor and the senate doing to help with lowering the very high costs of homeowners and Flood insurance for example? What about the shortage of affordability of purchasing a let's say a single home for example. Are there tent cities like in San Fran there in FL.? In other words people that are actually living practically homeless in a pup-tent on a beach somewhere? Just curious.
    3
  44915. Great video, man. Thanks!
    3
  44916. Great tour!!! I loved the area!! I would like to know the price range, to make sure it is within my budget. Thanks
    3
  44917. Tell me how your pulling up this listings
    3
  44918. Subway yuckkk. All you get is an awful loaf of bread, couple of sprigs of meat and a piece of cheese and 4 lbs of lettuce. Biggest fast food rip off ever. I bought Sirius radio 15 years ago and canceled it the following month because of adds. Insurance as a whole is a rip off Ponzi scheme. I hate to be negative but the truth is the truth
    3
  44919. I don't know that I've seen hard liquor sold in grocery stores, but there are tons and tons of places to buy hard liquor including side stores attached to Walgreens.
    3
  44920.  @MichaelBordenaro  You are on early tonight LOL! Going to take a shower now! I hope top get to bed before 4 not doing too good trying to get to bed early. I go to bed when my neighbors get up!
    3
  44921.  @MichaelBordenaro  230 is early LOL! Oddly I am in NYC,. But after 911 hardly any New Yorkers lived here any more. So the late night thing in NYC is a thing of the past now sadly! We have all of these cry babies who are afraid of noise and get up early!
    3
  44922.  @MichaelBordenaro  I just found out the brilliant surgeon who diagnosed me with metal toxicity and took out the metal is at Mount Sinai Miami beach now! He must have just moved there! Its a sign! If you know anyone who needs a referral to a great orthopedic surgeon let me know! The fact that he is in Miami Beach is a sign to me!
    3
  44923. Has Florida imported white sand beaches? Seems whiter than it was in the 80s.
    3
  44924. Tech sector is getting hit hard! Those are high-paying jobs. I am a Tech so see the tidal waves are coming.
    3
  44925. 3 houses on my street are up for sale and they are having trouble selling.
    3
  44926. Shooting for the moon can put you at the bottom of the ocean.
    3
  44927. Love your background today! It feels like Forth of July! Beautiful!
    3
  44928. God Bless Cuba, I hope they get their freedom from that awful oppressive dictatorship. Since moving to SWFL I have gotten to know several Cuban people very well and every single one LOVES this county. One guy is like 55 and has an American flag tattoo on his arm and he wears American flag tshirts all the time and is just the biggest patriot I have ever met since my Grandfather who was an old war vet lol. Cuba was once a free nation as well...as the saying goes, you don't know what you got till it's gone. Excellent content Michael. Really important and really thought provoking.
    3
  44929. Really enjoy this videos !!! Thanks for the insight. Rich dead radio show is so good I watched that episode as well. You’re killing it ! Have a great one!💪🏡
    3
  44930. Thanks!
    3
  44931. Comment
    3
  44932. Always good advice from you! I will be very curious to see housing prices next year.
    3
  44933. Met a couple in SC from Winter Haven, FL. They were in the process of leaving the state
    3
  44934. I like this type of video.....better than a walking tour because we get to see lots more. It is like myself driving around exploring but not having to take a flight or rent a car! I like also how you keep up the commentary as you drive because it makes it more interesting. Some other YouTubers are silent on their drive-throughs and I get bored very quickly. Also, Michael, your dashcam works really well, the video and audio came through very clearly on my laptop. Would you mind sharing with us what type of dashcam you have as I am in the market for one myself? Thanks again for another great video.
    3
  44935. Thanks for the video
    3
  44936. Michael, Great Analysis !.....One factor , I thought of was the " opportunity cost" lost of the $80K down payment. In essence, this was now "dead" money tied-up in the house , only to be freed at the time of sale or refi. Thank you, I learned a lot about other metrics and considerations.......Another, Great video !!........
    3
  44937. Ok but most of them aren't and prices are still going up in desirable areas. So now what?
    3
  44938. Question: I hold an American citizenship but for many I years have only held a Canadian driver's licence. When I was young I held a Virginia licence but that lapsed decades ago. Is it a big pain to get a Florida driver's licence?
    3
  44939. I don't have any debts have been with the same bank since i was a kid, i applied for a credit card (in australia) only because you get free travel insurance, i got all these questions and needed to provide profit and loss statements, tax returns etc.. a couple of years ago there would have been no questions asked. I didn't bother continuing with the application.
    3
  44940. Ha!! That's the last thing you wanna do is think that it's so easy to be a landlord in California. Anywhere for that matter, but it's Harsh and California. Specially when you have no experience.
    3
  44941. Berekly California is way worst! The crazy renters can do anything they want. The city hall is run by Socialist in Berekly. 😕
    3
  44942. Metallica fan Nice!
    3
  44943. 20:38 dude blew right past that stop sign.
    3
  44944. Precious metal dealers all take bitcoin. That is the only place i see it accepted as payment.
    3
  44945. And for Homeless in L.A it is not gonna get better with the pandemic and unemployed peoples now!! They don’t built condos for low to no incomes at all like in Europe!! Rentals are so high in L.A or Frisco so many homeless in Frisco’s street too!! ☹️
    3
  44946. Happy Friday Michael, Thank You! LOL The leaf blowers are everywhere you go Michael!
    3
  44947. Great videos mike extremely helpful thank you 👏👏 I’ve shared your vids with several people
    3
  44948. You are great sir, and I appreciate your efforts for helping people. You provide realistic view.
    3
  44949.  @MichaelBordenaro  m moving to Florida as a RN there in Naples hospital. You provided me real information which helped me to decide my future. Thanks a lot sir
    3
  44950. Really good insights! Thank you
    3
  44951. Can you talk more about life in North Florida? Where is the best place to buy a house with a big lot size (at least 3 acres)? THANKS!
    3
  44952. math: if insurance companies pull out of eight states and no longer draw revenues from those eight states, then, it's math to see what is happening to insure profits continue at same levels as previous years......
    3
  44953. HOA 's are like tim shares they suck
    3
  44954. Michael: two video topics I think would be interesting for people: 1. Sunny day flooding AKA King Tide. It is happening over the next couple of months so now might be a good time to get some good b roll 2: homeowners insurance in South Florida. I know you have done other videos on this topic, but a deeper dive would be nice. Your last video showed some examples of policies that were insanely cheap, but you didnt tell us what they cover, if they were for a condo, the value of the homes, whether they have a mortgage etc. up here in Palm Beach County I have neighbors that paid in the 400k range for their homes east of I-95 and are forced by their mortgage to pay $10k - $17k per year in insurance! And to add insult to injury, there are no insurance companies available to them other than the state funded Citizens insurance. That means more than a 3rd of their monthly payment is for insurance, and they have no other competitive options.
    3
  44955. There are millions of homes be build that were put on hold due to lumber. This market will crash this winter and all the fake gains made these past 3 yrs will be lost.
    3
  44956.  @MichaelBordenaro  I feel that, but I’m loving your videos and currently binging them bro! I’ll be sure to try and contact you when I make the move to Miami this year!
    3
  44957.  @MichaelBordenaro  lol, what I didn't say was when we got to my sister-in-law's house, the major news story of the evening was the Red Tide. It was quite the phenomenon. I see that you have your instruments in your videos. Clearly, you play guitar. But where do you play? We will be back in August, staying in the Residence Inn on Miami Beach. If you are performing near that during that time of the year, we may come check you out. We can talk real estate too, since you are an East Coast of Florida realtor.
    3
  44958. Why I love Jacksonville, what an amazing town - not Miami’s entertainment but affordable with great jobs, and everything you need including beaches
    3
  44959. Wheres the thousands of homeless going to go. Crime is gonna fly
    3
  44960.  @MichaelBordenaro  lol. I knew that would be the answer. So go around the person. Those folks who are driving 30 in a 50 mile zone are usually old people so you gotta understand. It's FL old people haven
    3
  44961. You forgot demographics! Young people are not having kids = future buyers/demand will be suppressed as baby boomers die, supply will increase
    3
  44962. They should not have to return anything, higher ups want to stuff more in their pockets, greedy bstrds
    3
  44963. Thanks for the nice videos. I studied mechanical engineering in Germany and would like to move to the USA. Where’s better to live in Florida or California as an Engineer? How much do you earn as a mechanical engineer in Florida? Is it enough to have a good life in Florida? And how is it in California?
    3
  44964. My wife, daughter, and I were there in August. First time for me and it was beautiful! Had red tide for 2 days but after that the water was good and clear. Stayed at Sarasota Surf and Racquet Club which was quite nice. I'd go back!
    3
  44965. Happy Friday Michael. Welcome to Southern California.
    3
  44966. What’s the catch?!
    3
  44967. I enjoyed this! Looking forward to future driving videos on A1A, as well as some of those "offshoot" streets/neighborhoods.
    3
  44968. @3:50 $1.095 mm and no garage. LOL!
    3
  44969.  @MichaelBordenaro  I missed the parking lots only saw the one by the post office and street parking by the pizza place
    3
  44970. I need you to look into your crystal ball and tell me if I should sell the house I am in that is paid for but in an area locally that I don’t want to be in long term. 😂 Ideally would be great to sell now while profits are high then rent for a year or so until the market cools and I can buy in the area that I want to be in. That being said when I focus too long on the unknown future I think it might be stupid to give up the home that’s paid for. There’s a lot to be said for having a home that’s paid for as I get older especially in this uncertain financial landscape we are in. Much less stress when trying to find a job that pays enough to live if you don’t have to pay a mortgage or rent. So many things to consider.
    3
  44971.  @MichaelBordenaro  See, I just knew you would have sound advice! I should have asked sooner. More and more I’m feeling the pull to just stay put for now and make the best of it. I’ve not completely committed to one choice or the other just yet, however, I did apply for an apartment in Florida months ago. I’m on the waitlist so no telling how long that will take. There’s way more involved then I can go into here, but your advice is much appreciated and I will give it a high priority in my decision making process going forward. Thanks so much!
    3
  44972. The $3,000 budget includes property tax, homeowners insurance, utilities, maintenance etc… so the actual home affordability is much less for the average American.
    3
  44973. I'm not sure I get so many credit card offers, probably 4-10 a week, most offering me a cash bonus for spending so much in a certain time period. I also recently made the mistake of clicking on a Kia website link and I had 10 calls/voicemails in one day from a car dealership in Wesley Chapel. No clue how they got my phone#. I thought car dealerships didn't have cars right now. I guess Google sold them my browsing info idk? You sure get popular when your score gets to a certain level!
    3
  44974. Just found a house where it was bought for $4 million a couple of years ago, it just sold for a little over a million......
    3
  44975. Congrats man
    3
  44976. Michael Bordenaro no prob, I’m moving to Florida in two years I think
    3
  44977. I think they can't let people live in those hardest hit areas, a government buy out would be a better outcome than waiting years for ins. money. Right now that property is worthless...
    3
  44978. all those numbers on reports are lies. there CONS LIARS
    3
  44979. Michael, Under trees is NOT safe if you get lightning. On the other hand if you're on a golf course just hold up a 1 iron because even GOD can't hit a 1 iron. 🤣
    3
  44980. Thank you for the info And for pronouncing New Orleans correctly :)
    3
  44981. 8 miles south of Boston - paid off my home but the property taxes cost me over $1,000/month. The roads are potholed, the schools suck & I paid $15,000/year to educate (not indoctrinate) my kids at the local parochial schools. I can't wait to get the heck out of here in 18 months.
    3
  44982. Thank you 😊 Michael
    3
  44983. totally agree with your thoughts!
    3
  44984. "money" is created any time someone signs a loan document. How does a nation owe "money" to a "bank" the nation created? Ponder that question and realize the whole system is a JOKE. A joke on the PEOPLE.
    3
  44985. Ahhh..for a few minutes I'm not in Ohio...♥
    3
  44986. I was thinking the same thing about Illinois 😊
    3
  44987. Your Electric bill isn’t as high as expected
    3
  44988. As a home buyer you will not get those lower rates.
    3
  44989. Correct me if iam wrong..with a 0% down on a loan the buyer has zero skin in the game and could tear up the place and just walk in the middle of the nite..or the interest rate would be alot higher with larger monthly payments..
    3
  44990. Wow !! That will be impossible
    3
  44991. Good video as always. An idea just popped into my head while watching the video. I think a video that informs watchers of your videos as to what beachside towns/cities/zip codes in Florida allow Airbnb would be extremely helpful to your viewers. I assume this would be an extensive research project that would take lots of time. I would also think you could charge for this if its a thorough list. I would definitely be willing to pay a fee for this as it would save me the time. If you charged $99 for such a thorough list i would definitely pay up for this. Since i plan on retiring in Florida in 4 years i will likely start compiling my own list but if i could pay a reasonable price for the data that would save me lots of time. Let me know you think.
    3
  44992. I am really enjoying your videos. Can you comment on homeowner insurance costs? I have heard that it can be high due to possible flooding & hurricanes. Thank you!
    3
  44993. Michael Bordenaro that’s good to know. Thank you so much!
    3
  44994. Great video paisan
    3
  44995. I love Pass a Grille and Gulfport. Hidden gems in the mass of Clearwater/St Pete!
    3
  44996. 50 years stop that’s just dumb
    3
  44997. Thanks for the wisdom my dude
    3
  44998. Another very informative video Michael. On the next one maybe you should not have the picture of the evil clown in the background. What do you think?
    3
  44999. Thank you for your information. Michael have there been a lot of condo buildings built up in the 6500 Collins Ave area? I have stayed some many times at the Sherry Fontenac Hotel and have enjoyed walking on the beach.
    3
  45000. Yes, thank you. I know and thank you for show everyone many neighborhoods there in a cool great city. And many of us who have traveled there love what Miami has to offer. I like your advice ad a Broker because you sold in different areas and gave made Miami home.
    3
  45001. Finding a good medium range in the price if a good home is always nice. Whatever people can afford!! I loved hanging out there in North Beach that is quiet enough but with the close ability to go and take friends down to South Beach is always nice.
    3
  45002.  @MichaelBordenaro  Thank you for your nice and cool Real Estate Information. And it is a learning experience as well. It is a great way to find out in different cities what area in general are good places to live.
    3
  45003.  @MichaelBordenaro  You are welcome.
    3
  45004. Barbara is sketchy. Sold her business for $66M. To who? Satan?
    3
  45005. Would it be too boring to ask about Ft. Lauderdale?
    3
  45006. Michael - speaking for myself and my family, you are part of the reason for a more confident and prepared move to Florida! Thank you. Found ourselves in St Augustine, RENTING ‘till the market cools, (and before the rental market price hits its highest point) after selling our home in NE for a pretty penny 😀 If you’re correct in your analysis, the inventory of affordable homes and/or land may be more abundant for cash buyers in the next year or so. 🤞🏻 Hoping to buy a fixer upper for cash if/when someone opts to unload their home for one of the reasons you cited. Maybe one day we will see you and your wife walking her dogs here! 👍🙏 best wishes.
    3
  45007. Just found your channel. I lived for many years on the causeway going to Honeymoon island. Its a fantastic area. It doesn't really grow much during season like the east coast or Naples. Red tide can be an issue anywhere on the west coast. Subscribing and good luck with the channel.
    3
  45008. It is just like you are talking about my little beach neighborhood in California. Greed and no concern for future generations. The starter home is hard to find.
    3
  45009. Still cheap once you put things into consideration. My neighbor sold his house a month ago for 120,0000 and moved to Fort Lauderdale. He bought it when my parents bought ours for 120k in 1999. It’s a decent area down the street from Disneyland just not a good place to be out past dark lmao. Everyone’s moving to Florida now.
    3
  45010. Thanks. For sharing
    3
  45011. I love your videos! This is great information. By the way, do you think people will still keep moving to FL despite the fact housing prices are going up? I have been thinking about moving to FL myself. Thanks in advance! 😊
    3
  45012.  @MichaelBordenaro  Good point! I live in CT which is one of the most moved out of states right now. Housing prices are way too high.
    3
  45013. hey, which city is best to live miami or Orlando or Jacksonville. please tell me.
    3
  45014.  @MichaelBordenaro  i want to live in miami but i ask you please you tell me some information about miami i know it is a beautiful city but please you tell me some information because you already live miami so tell me i'm a student. and miami have a job opportunity and have a colleges schools?? and which city is best to live and have a shool colleges and a job opportunity miami or jacksonville ? please tell me
    3
  45015. Beautiful neighborhood, beautiful properties.
    3
  45016. Listen he is right when stock price falls layoffs are guaranteed!
    3
  45017. Over for sure 😃😃😃
    3
  45018. GREETINGS MICHAEL 🏜🎅🌴
    3
  45019. That first house you showed is a guy on a suicide mission. What planet is he on?!
    3
  45020. I hear the birds in this walk Great time on this walk too thanks 💚💚
    3
  45021. AWESOME PLACE !!!!!!
    3
  45022. Nice houses are still causing bidding wars because people don't want houses that need work or are not well maintained. That and the slowly rising rate . You can see it. The nice houses still go pending fast. Once that stops then you'll really see asking prices decline.
    3
  45023. I live in my van down by the river eat a lot of catfish
    3
  45024. People just do not get it. Firstly, if a home needs to be sold, it will sell based on what a ready, willing, and able buyer will pay. Sellers need buyers to purchase their homes and are we now going to alienate a whole section of our society - First Time Home Buyers, Veterans? The funds to the sellers come from the buyer whether cash or financed. Many professionals, like myself, who are in this Industry, know what we are worth and need to have intelligent conversations with our sellers. Invariably, one usually gets what they pay for. The menu of duties for a professional Realtor, who is knowledgeable and experienced, does not only consisf of being a person who is a door opener.
    3
  45025. I've heard great things about that town😊
    3
  45026. 🆒👍
    3
  45027. That's a sweet Mesa Boogie setup there.
    3
  45028.  @MichaelBordenaro  I just informed my husband that we are going in a vacation to St Augustine. I’ll check out your channel more to see when not to go . I referring to hurricane season . We live on Long Island We’ve had a couple of doozies , but not like my friend has experienced since moving to Florida .
    3
  45029. On February 10th the Philippines reopened to tourists, meaning I can now do a visa run and come back into The Philippines for up to another three years. And that’s exactly what I decided I’d do when that news came. No reason to come back to the states and overpay for a car, for rent while house hunting and then overpay again to buy a place. My rent here is $570/month, in the heart of The Philippines second largest city, surrounded by upscale malls and all the beautiful petite women a single man could dream of. Maybe I’ll think about returning to Florida…. next year.
    3
  45030.  @MichaelBordenaro  no breathing male could. Lol
    3
  45031. This was such an important vid. Thank you.
    3
  45032. Nice dual rectifier, I the same rig years ago, it was a beast.
    3
  45033. I like the bonus
    3
  45034. Cover a little less area to make it a little shorter.
    3
  45035. YEP! thought this would happen!
    3
  45036. LEFT CA 4 years ago and live on a WONDERFUL coastal Georgia island most don’t know exists! Saint Simons Island… it’s like walking back in time .. no homeless , zero crime (maybe a theft occasionally) I DO NOT miss the insanity of CA they can have it!! I feel like I walked back in time …. Coastal GA is awesome…… additionally the island has great restaurants and nice beaches… winters are mild
    3
  45037. I love the content and despite you being a realtor I would trust you if you were my realtor.
    3
  45038. I think I would too, he's from the mid west.
    3
  45039. I have been watching your videos for over a year. This is your best video ever! As I new Floridian from California and a crypto invested for the past 10 years! You have inform your viewer's more this time, than any video in the past. Well done!
    3
  45040. Pretty beach where?
    3
  45041. They probably make it look like junk mail 📬 so most people won't open it
    3
  45042. Another yay for FL!
    3
  45043. I think it was only that busy because it was mothers day.
    3
  45044. Love your stories. Happy for you. :)
    3
  45045. Didn't get a degree......no college. Like you I hated school and couldn't wait to get started working and learning on the job. I made a good living in printing and later as an electrician. Retired now, sold house in April. Now waiting in Northern Wisconsin to buy. As for college nowadays, who needs a degree in "woke" bullshit that will do absolutely nothing to help you make money!!
    3
  45046. I did well as a musician. I learned that you have to play what the people want
    3
  45047. The only difference from now is that they are let you know. They had been doing this for years.
    3
  45048. Born and raised in Florida since 78
    3
  45049. Please tell me where you can buy a beachfront home in Florida for 200K? You can’t even get a condo for 200K
    3
  45050. Just sell it and live on the income. It's a bless.
    3
  45051. It’s amazing that 40 year old buildings collapse while the Parthenon is 2,500 years old and still standing! Even after the Ottomans set off explosives inside the structure it still withstood it. Maybe today’s engineers should look into how ancient buildings were built!
    3
  45052. This increasing cost in Florida Killed my dream of retiring to Florida. 😮‍💨😮‍💨😪😪
    3
  45053. Been to Naples once, very beautiful area, but seems to be a ton of retirees there, so not many jobs, I could be wrong but that’s just my assumption. If you’re still working it seems like Miami/fort lauderdale, and tampa/Clearwater/st Pete are the areas to move to right now.
    3
  45054. The purchase price for some FL properties is not the budget buster - the property tax, maintenance, and HOA fees are. Back in 2015, I bought, what I hoped would be my future waterfront FL retirement spot, but property taxes and HOA have increased 30% in five years. I've had the unit fully rented , but due to assessments and increasing taxes and HOA fees, I might be forced to sell before I retire.
    3
  45055. You are absolutely correct, This is the denial phase, the last housing crash was unique. This is going to be a slow decade process. No Fomo, patience. Inflation trade still intact
    3
  45056. Looks like a town of a bygone era, a peaceful place to really unwind.
    3
  45057. With buying, you have something you can sell and maybe make a profit on in the future. With renting, that’s obviously not the case.
    3
  45058.  @MichaelBordenaro  even if you sell at a loss, u need to compare that loss to how much you would have spent renting. No one can predict the future, but in the long run real estate, like stocks, usually keeps going up, if for no other reason than the effects of inflation.
    3
  45059.  @MichaelBordenaro  We want to leave anyway because of the weather. Its unlivable here in the winter!
    3
  45060. What beach is that? Looks beautiful! I'd love to be that guy behind you swimming. Not too dark. Deposits are crucial and many times do not cover the damage a tenant causes. My cousin had a rental, $1,100 and the tenant had 5 kids. They moved out after two years and left a little over $18,500 damages. That's in a $145,000 house! Their security deposit of one month's rent barely put a dent in paying for the repairs.
    3
  45061. The game is over. We (US) are going to ride this horse umtil it collapses a d die. Inflation will rip next year. Instead off "pump baby pump," its going to be print baby print. Enjoy the journey.
    3
  45062. Hello Michael! Bring those price down!🌴🌴🌴🌴🌴🌴
    3
  45063. This time reminds me of the early 80s just before MTG rates went up to the high teens. People were lining up to buy new homes in my subdivision in south Fl to beat the high rates.
    3
  45064. I believe that if you do not already own a home with equity in it you will most likely not be able to purchase a home. Unfortunate.
    3
  45065. India is constantly 25°C (77F) degrees or higher ALL year round lol... summers melt the road too 💀💀
    3
  45066. 14:07 please tell me you know about the scam behind them. I was shocked when I found out😭
    3
  45067. Excellent interview Michael your a credit to your family and Miami. Best Regards to both of you.
    3
  45068. Trying to pick a place to build a new house in Florida
    3
  45069. alot of my friends are sitting ducks and are about to be blasted by layoffs , inflation etc
    3
  45070. If the majority of people hold out on buying, then sellers will be forced to lower prices. Too many fools out there overpaying and ruining everything not only for themselves, but for everyone else as well.
    3
  45071. You're funny. The first thing I noticed was the color of the sand. I'm more Pink Beach in Bermuda than funky dark said of Australia. So far, I haven't found a place more on par with Anna Maria Island if I was going to have a second home in Florida. I may be considered to be retirement age in my 50's, but I'm fit and still young at heart, and looking for higher end amenities and ambiance.
    3
  45072. You're 35?! I thought older.
    3
  45073.  @MichaelBordenaro  I completely agree with you. 👍
    3
  45074. It’s really crazy the rent right now gone to the roof. I’m just lucky I bought my house on 2006 paid off and I’m happy for it
    3
  45075. Big insurance companies do not even offer insurance for Rotonda West Florida..
    3
  45076. Congrats on passing 200,000, way to go Mike. Keep up the great videos.
    3
  45077. Awesome videos, man. But I must say this is the first time I ever take a bit of issue with your analysis. "Affordable" is a meaningless term to me, and "starter home" means even less. If the free market is ever allowed to function properly (and we're starting to see signs of this), then whatever is a starter home or an affordable home will be decided by incomes. For example, if there are only ten buyers in a town and builders only built 10 mansions, then the "starter" home simply becomes the ugliest and smallest of the mansions. Now people will say, that the upkeep on a big home is too high for a starter home, which is true, but people underestimate the human ability to adapt. You can cut off rooms from the utilities and heat/AC, you can rent extra rooms, you can make ADUs/JADU's... people will figure it out WHEN the price is right. So ultimately, in my mind it doesn't really matter the TYPE of homes that were built recently, only that there are enough toilets and bedrooms for people to use on the market, the rest will sort itself out via the negotiations. So yes, there will potentially be a whole lot of dwelling "mismatches" for a generation, but to that I say oh well. I will maybe make an exception for codo towers though, as yes, the building itself will have costs that are two onerous for entry level buyers, but even those units can potentially be chopped in half and hacked, and also the sale price of the unit can keep dropping and dropping such that the HOA's fall into the budgets. And yes, that means that I can envision condos were the HOAs exceed the mortgage and yes, I can also foresee that some (or many) mansions will need to sell for LESS than they built for, but since you're in Miami I would just say this to the builders...les pasa por comer tanta mierda ;-).
    3
  45078. No way!!! I’m from Rockford and have friends that work for you Lou Bachrodt! We probably know some of the same people! Ha! Small world! Still in IL but moving to Florida in 2 years when the kids graduate. Thanks for making these videos...super helpful!
    3
  45079. Many people in Florida can’t rent because Florida jobs don’t pay much, last year I try to rent and they asking 3 times more income what they asking for rent !
    3
  45080.  @MichaelBordenaro  Nice! I’m not surprised! Lol.
    3
  45081. Would like hear you play the guitar.
    3
  45082. If the government sells out landlords, wouldn’t that discourage investors? Ominous.. That’s what I would do if I was trying to corner the market..
    3
  45083. Just curious… no videos on the northside?
    3
  45084. Nice video and thank you for the openness you felt when you were a teenager. my son also doesn’t know what he wants to do with his life ,hate school .We has gym in our basement also 😁So I have hope that my son will find himself 👌
    3
  45085. You know it’s good in Florida... when everybody from Florida is making YouTube videos to try to dissuade everybody else from coming hahah
    3
  45086. Stop showing off our winters... it's ours muahahahahahah😈👍👍
    3
  45087. I used a flat fee realty co in 2021. $3000 for my guy. I didn’t have to pay the buyers guy, but my realtor said if I didn’t no buyers brokers would bring me a buyer, so I listed $3000 for the buyers broker. It worked out fine and no, I did not reduce the price of my house because I was “saving money” on a 6% realtor.
    3
  45088. If the banks allowed an unlimited dollar amount to be transferred through zell they would lose the ability to charge people for certified funds transfers/certified checks. Any way to squeeze the customer for more funds.
    3
  45089. Go short hair, you will love it.
    3
  45090. Nice in Tucson too.
    3
  45091. Michael, just curious if you have been to Venice beach?
    3
  45092. Michael Bordenaro awesome ! Hopefully this Covid business dies down sooner so we can all get back to enjoying life fully be it Cali or Florida 😁
    3
  45093. Michael Bordenaro fingers crossed for you 🤞🏿 maybe I’ll run into you down in SoCal , keep up the dope videos, subscribed!
    3
  45094. ​ @MichaelBordenaro but you don't know if it's true?!?!
    3
  45095. Thanks for the Video.I hope you’re coming to Hollywood and Hallandale soon.
    3
  45096. Florida is already like that. Hawai'i is the same.
    3
  45097. Congratulations Michael !!!l we watch your shows all the times. You are great , thank you for sharing yours experiences .
    3
  45098. that's a huge jump $82,000 all the way up to $400,000+ . Just like the homes in this region , went from $180K all the way up to $450K + . How crazy is that !!! Just a bunch of Simple Homes. Affordable homes would me more like $70,000 aka fixer upper , but after you put several thousands of dollars, it would be very pretty and raise the price up to $160K . ( example only ) .
    3
  45099. GEt a video of the implosion
    3
  45100. This means a lot of condo owners will be jumping into single family homes in south florida
    3
  45101. The bad thing is when people buy when prices are up, then the bubble pops and they are paying a mortgage on a home worth about 1/3 of what they bought it for. We sold our home down there in the last bubble. The man who bought it had a mortgage over 3,000 a month. So when the bubble butst about a yr or 2 later the home was valued at a third of what he bought it for. He had to let it go back to the bank.
    3
  45102. Nothing will change in the prime housing markets until people start losing jobs.
    3
  45103. Everything is fine. It's all fine!👹
    3
  45104.  @MichaelBordenaro  do you have evidence of a time on your channel when there was a market you liked or a time to buy a house you liked?
    3
  45105. Tell them to check and see what their insurance is going to cost them. On the home and cars.
    3
  45106. Please do a video on foreclosure rate if possible. Would love to hear about your thoughts and analysis. Thank you.
    3
  45107. isn't IL bankrupt?
    3
  45108. I'm not a huge Metallica fan, but I definitely know Simple Man. What a thoughtful gift from your mom!
    3
  45109. The comments on this video are 👍. Realistic.
    3
  45110. That hair curler building in Daytona can't be new! No way.
    3
  45111. dear god 1 homeless? come to skid row 😂😂
    3
  45112. In order to get the loan you must not fill out the forms correctly. If you're diligent and punctual, you don't get certified for the loan. And must be broke of course, duh. 😅
    3
  45113. Well now is not a smart move to buy or rent or move anywhere.
    3
  45114. another yes vote for showing pricing, taxes, and sales..i wish there was available data on foreign sales, miami is an international city
    3
  45115. Thank you very much for covering this city
    3
  45116. Michael, SO glad you are doing this. I've been researching FL for awhile now & think N Fl above Daytona is my best bet. I'm looking 30 to 40 mins off the coast for $ reasons. But what you report may influence the final decision. Thank you!
    3
  45117. Hi Micheal, I watch your videos all the time. We just retired and sold our home in April. We go 30 grand over asking price. We are taking your advice and looking to buy in the next year. Possibly, looking in Florida, northwest arkansas and ocean springs ms. Colorado is just too expensive, we're looking for retirement a home on a retirement budget. What's your prediction of the best time to get serious on a purchase?
    3
  45118. There is NO inventory in Florida. And nobody is going to sell when they have done a refi for 2/3% plus now they have to buy a new home or look for one with a high price and high interest rate. So high is inventory going to get better?!?! New Construction?? Not yet that’s for sure. That will take some time. My opinion you will have to bite the bullet if you find a Nice home and live with it or wait years from now!! If it gets any better and I say if….. unless you know God!!!!
    3
  45119. Michael, take care please. My prayers for you and your neighbors. The news is saying that in the 90’s they were complaining of structural damage to that building and nothing was done about it. The builders are going to have a huge law suit for negligence.
    3
  45120. Thank for the drive, if I have a chance go to St Augustine I will drive in the “ gosh” area and let see what happened. FYI, 7 years ago I went to Dracula castle but he is not home :)
    3
  45121.  @MichaelBordenaro  Yep, at 2.875% 30 year fixed
    3
  45122. sarasota is great
    3
  45123. People should buy a house they can afford to pay double the mortgage payments. Then pay off your house in 7 years
    3
  45124. Stopping and detaining shoplifters is racist. Shoplifting is a form of ‘equity.’
    3
  45125. My wife and I are thinking of moving to Florida but I keep telling her about the heat! I keep telling her we should just upgrade our Wisconsin property!! LOL And we don't have to deal with next door neighbors since we have a 5.1 acre lot! But I do love the ocean and it's breeze.
    3
  45126. Oh, no, Naples Florida closes at 9 pm. I am waiting for Canada to open borders so I can come and visit Naples Florida and many other places, but I know that I would not enjoy sleepy town. I visited Miami and Key West couple years ago, and loved it. Great video 👍
    3
  45127. Wow, I am in our camp.
    3
  45128. Everything was in southern Florida?
    3
  45129. Excellent ! So glad I/we left SF in the early 1990's. FLA...here we come!
    3
  45130. Thank you Michael you always bring us great content. What beautiful weather you guys are having up there. I’m just curious 🧐, what are you kids doing for fun while you’re there? There’s a lot of great hiking trails in Marin County. Also some great restaurants in Bodega Bay and that area. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    3
  45131. 😀 15.5 Million is a Steal 😂
    3
  45132. Florida also has wildfires and now the sw florida algae bloom during the hottest months of the year, which has been devastating destroying fish. Dolphins and Manatees 😪 I'm a Floridian born and raised. I have visited California and must say that's a beautiful state ❤yes you do have a point about the spanish part, but I'm a Colombian american, and I speak both languages fluently, more english than spanish. But I always speak my english out in the streets of miami. So not everyone speaks Only spanish...I'm all English speaking until I really see they dont speak english than I speak spanish.all my friends all speak more english than spanish too.between my husband and I, we speak english. But now with our child speak spanish so he knows it.
    3
  45133. Where is this?
    3
  45134. I want 2018/19 prices.. my home I had in Pace,FL when I lived there I bought for 189K new construction in Nov 2018 and sold June 2021 for 232K.
    3
  45135. I love the journalistic approach! Would love the demolition live stream! Another one bites the dust! Great job, Michael!
    3
  45136. Question how are you holding your camera you look so cool you’re not stretching your arm out that is awesome what brand if I may ask are you using because I’d like to start a YouTube channel and I don’t think I want to hold the camera and try and walk and talk thank you so much for your response and I’m loving the contact my brother loving the contact
    3
  45137. I'm selling my starter home in North miami beach next year, with pool. I'm going to sell it myself so I could spread the savings to buyer. I don't see prices in Miami come down any time soon,its ruff.
    3
  45138. I think the point that how people view money is not entirely fair. People can’t afford to pay for cars cash because they are way more expensive now for the same tier of cars. Same for housing you can’t save as much and as quickly if wages aren’t rising as fast as inflation. You have less savings and even more expensive expensive items. So people will result in getting in debt. Now should people try to wait to pay less interest? Well yes but that’s a more financial literacy question and not a fundamental one.
    3
  45139. Your awesome!! Way to go with hard topics!
    3
  45140. I actually found a tiny place in Ventura California for 150K to my surprise only 8 miles from the beach. I found some really bad condition places in Florida 20 miles inland {which isn’t optimal of course} in the 80K range
    3
  45141.  @MichaelBordenaro  It was very small and old in a mediocre neighborhood but I just didn’t expect to find anything at that price range
    3
  45142. Thanks again Michael for sharing another excellent video very much appreciated. Best Regards
    3
  45143. You’re wrong Michael. We did NOT have all those public services 100 years ago. Why not? We had no taxes. It wasn’t technology that gave us our quality of life…it was taxes paying for public services. Education, water, roads, healthcare and fostering of businesses and social support systems. My sisters and their families in Western Europe have a much higher quality of life than we have here. The reason? They pay higher taxes. So guess what? You play: you pay. There’s no free lunch.
    3
  45144.  @MichaelBordenaro  yeah, what’s the trend been like? I don’t live there
    3
  45145.  @MichaelBordenaro  Gotcha! I’ve kinda heard the same, but it feels as if its happening more regularly...
    3
  45146.  @MichaelBordenaro  Unlike your YouTube channel 👉🏼
    3
  45147. The latest I’ve heard is that we can buy 2 pts down today, then in 2 yrs after it expires we can refi at the current lower rate
    3
  45148. This is such a great video, Michael! Thank you for making it. I had requested it if you, and you delivered. Shows you care about the people who watch your channel. You really listen. Anyway, I had always wanted to see Bal Harbour this way. I appreciate your taking the time to walk us through the area and share info with us, as you walked. I don’t like those videos where people walk, but don’t add any commentary. A missed opportunity to share history and other information on their part.
    3
  45149. I really like your constant videos they are very encouraging and informative.. It's very obvious that you put a lot of work into these.. Talking about real life financial hardships for people who are not earning a lot but also have not been frivolous just victims of life circumstances is it's very enlightening
    3
  45150. Florida will be a tax haven for the rich, funny because the average Joe is being hit hard with property taxes and insurance. The wealthy make untaxed income that will surpass that.
    3
  45151. I'm old school, HANGIN TIME !!!!!!!!!!!!!!!!!!!!!!!!!!!!
    3
  45152. Best show so far
    3
  45153. Michael we are looking to move to Florida. We would like to look at properties in Sarasota or St Augustines. Can you provides details contrasting these two locations.
    3
  45154. Michael Thanks, we are retirees so jobs are not that critical although as a post graduate having spent all my life in a fast paced consulting environment. A part time job to keep my mind active would be great. As you have such. Extensive knowledge of Florida, the property market etc, we would love to stay in touch and engage you to help us in our move to Florida in 18 - 24 months time or possibly sooner. Really enjoy your Videos.
    3
  45155. Back to the Future Part IV let’s go!!!!
    3
  45156. Please have your followers sign that petition. Let's save our Ancient Floridians from Cave Man times. And make it another Tourist Attraction. Sign me up Michael. 🖊
    3
  45157. Another interesting video Michael, but I wished you would have mentioned another fee that I discovered when looking for homes in a gated community - CDD fees.
    3
  45158. My kids are my retirement plan 😂. Then better help out dad Who did so much for them.
    3
  45159. The people who claim they will get the deal of a lifetime are probably the first ones who will lose their jobs in a recession
    3
  45160. Interesting that you brought up Belvidere because I live about 30 miles to the east of there in McHenry County. One of the things that I also found interesting about Miami Beach is a story that I've been hearing the last few days is about how they are going to have a curfew and start looking at spring breakers and what weapons they are trying to bring in because of the violence that happened there last year. Not that violence is only happening in Miami Beach, but I think overall this is a good thing.
    3
  45161. I love watching your videos buddy. I use to live in palmbeach and now In stuart. I am 34 now and I guess florida is the best place to live.
    3
  45162. I bought it 2010 and paid it off in 2012. I don't remember what the interest rate was but had a lot of money from a prior sale. Just lucky timing for the prior sale and the GFC crash! Now retired, insurance and property taxes are my biggest concern 😮
    3
  45163. I’m making more money this year than I have in my life. Yet I am by far the most in credit card debt I have ever been and I have no savings! The friends of mine who have savings live with their parents at 30-40 years old.
    3
  45164. I feel you about loving Florida, especially coming from Illinois as well. I have 4 more years for my wife to retire and we are retiring to a 55+ community in Lakeland.....Peace !
    3
  45165. Money for nothing is a sickness. Many people believe the Fed is not serious about ending inflation, and that the Fed will go to zero rates again vary soon. Many of them have never seen normal or high interest rates in their lifetimes. So they are not selling houses out of fear that prices will drop 50% plus, but they are even buying houses at these rates -- thinking they will refi at 3% in a year or so. They may well lose all of their money. No big deal though. Most of them probably got the money for doing nothing from the Fed's asset inflation giveaway.
    3
  45166. Starting about 20 years ago, up the road on A1A in Sunny Isles Beach, all the old single-story 1950s mom & pop hotels started selling out to big developers that put up huge luxury towers. Greatly transformed Sunny Isles. And I remember before that area was even called Sunny Isles Beach. Back up through the mid-90s, there was a free sandy parking lot right at the end of 163rd St, on the east side of A1A at the Newport Pier. Could easily get a parking space any day of the week. I used to swim in the ocean and at the Holiday Inn pool that was there.
    3
  45167. This is everywhere. It’s with the management company too!
    3
  45168. The rich is chasing the middle class out of their homes, that is why more and more apt complexes are being build especially in central Florida. I say within 20 years it will be impossible for any middle class family to buy a home in a good neighborhood. only low income neighborhoods or apt complex in a good neighborhood.
    3
  45169. I've lived and visited so many places, and when that voice inside says that it's time to move on or try something new, go for it! If I did have to live in Florida again, I'd choose Anna Maria Island or Islamorada, to channel my inner Caribbean vibe. :)
    3
  45170.  @MichaelBordenaro  I love Island living, and our "Plan B," if we ever had to leave the Country for any reason, is to move to Aruba. We've been 16 times in 6 years and feel more like locals than tourists.
    3
  45171. Hey Tyler. Well I can certainly give you some insight on the Riverview Brandon area because this is where I have lived the last 10 years. I also have two children and this is a very good area for families. Also, the schools are very good in this area as well. Good luck!
    3
  45172. You should do a boat tour of Miami. That would be cool!😎😎
    3
  45173. Have to leave Florida insurance is only going to go up substantially every year .
    3
  45174. If your rental income covers your living expenses you have less stress and do not have to worry especially once the rental properties are paid off Live minimalist
    3
  45175. Those tech employees who get laid off will quickly find another job. It’s not the end of the world for them.
    3
  45176. Michael, Can you please go to other areas in Miami (maybe Doral)? Please remember, some of your viewers can not afford to live in Miami Beach area. Take a look a some of the houses in Doral (Modern), they are selling for doble of what they were bought last year!!
    3
  45177. Building Integrity has some videos regarding the surf side collapse, engineering, etc. It’s informative
    3
  45178. Very interesting, as always. I guess it shouldn't be surprising that the situation is almost identical in the UK. Our new Prime Minister has just reversed their decision to reduce income tax to assist the economy, amidst protests that this would only benefit higher earners. Interesting times.
    3
  45179. 1948 😃 Would be great to see some comparisons between then and now ( of the house and the garden 😋)
    3
  45180.  @MichaelBordenaro  if you could compare the prices from 1948 ( the year build) and now 😉 it will definitely add value to your videos 🤝
    3
  45181. Michael thank you for this and your east coast videos, very informative! Fun fact: the entire upper west side of Florida (from Dunedin up to the panhandle curve) is what is called a mangrove coast, i.e. no beach, maybe a strip of sand and grass, calm water and no ocean waves. It's like living on a lakefront and not the ocean. As someone from Myrtle Beach, SC, I was surprised to discover this about west FL. So don't move to this area of FL if you want a real beach and a real ocean. The Lowcountry of SC is similar with mangrove areas, and not the wide real beach of Myrtle Beach, for example.
    3
  45182. Instead of going to Florida or Texas and being selfish just fix your fucking State!
    3
  45183. Yeah, I think you need to stay for a day or two in each area to get a good feel of the area. Looking forward to seeing your Palm Coast video because that is where we are considering...but we shall see! I’m not wanting to get in the middle of bidding wars. Too old for that! Lol I’ll be heading down there myself sometime this summer to check it out.
    3
  45184. Did you know that the life expectancy of Americans went UP during the Great Depression? Yep yep yep it's true. The average U.S. life expectancy rose from about 57 in 1929 to 63 in 1933. In both decades, people of color had a lower life average expectancy than white people. Yet when the depression hit, the average life expectancy for people of color rose more quickly than that of whites, increasing by about eight years from 1929 to 1933. Some reasons why: *People smoked less (couldn't afford cigarettes) *People drove a lot less (fewer traffic accidents) *People got more sleep (unemployed people get to sleep in) *People reported feeling less stress, which is known as The Freshman Phenomenon (from the movie "The Freshman" with Matthew Broderick): "There's a kind of freedom in being completely screwed... because you know things can't get any worse." (That movie also has the most realistic chase scene involving a Komodo dragon ever depicted in film.) Turns out capitalism is good for your bank balance, bad for your blood pressure. My husband and I experienced a bit of this during the pandemic: his work dried up and we had a lot less money, but a lot more time and...we were actually happier than before. A lot happier. Btw, Michael, your hair is getting into mullet territory. Either go full mullet or get a haircut. There is no half-mullet.
    3
  45185. Good luck forcing people to come back full time, most people will move on to competitors who offer a hybrid or remote capacity. Employers are going to figure out that losing their tax breaks is not as bad as losing talent. Furthermore, there are tons of media outlets putting out articles on why remote work is "bad." These articles are at most absurd and laughable. Remote/hybrid work weeks are here to stay, businesses can adapt or die.
    3
  45186. Well said. Well done 👍😊
    3
  45187. Just leaves more to see next time
    3
  45188. Well needed video, but the part about being able to rent out your house when you want may not be true. For example, my HOA restricts rentals for less than 30 days. Keep up the good work -- I enjoy these videos
    3
  45189. Hey man I went to Washington Academy to do you know any of your teachers and might have had them
    3
  45190. Michael, What do you think about Melbourne? My sister in-law just moved there. My husband and I are considering buying a retirement place at the beach. I’ve been researching Dunedin and St Augustine. How does Melbourne rate against those areas? Thank you for your input:)
    3
  45191. Michael Bordenaro Thanks for the prompt response to my text. I continue to love you videos:)
    3
  45192. For local folks to continue living in any growing area, they would need to purchase a property (to lock in the rise of real estate) before big corporations and investors pouring in. It has happened in the Bay Area, CA, especially the Silicon Valley. There were a lot of farms and undeveloped lands back in the 80s. My parents bought a 3-bd home around 1984 in San Jose for a faction of today's price. Thanks to the rise of semiconductors, computers, electronics, dotcom, Internet, computer network, ecommerce, and etc in the area. Since the rise and fall from startup to big corporation have come from the Bay Area, properties are very expensive now (even if they crash down 30%). If my parents did not purchase the property before venture capital investors pouring the money, they would be forced to move out the Bay Area (maybe to Central Valley). My first teen job in 80s was paid around $3.25 per hour. I used to have McDonald's ice cream cone for 25 cents back then.
    3
  45193. GREETINGS FROM CENTURY CITY CALIFORNIA TODAY MICHAEL. 🌴😎🌴
    2
  45194. No one can or wants to pay for anything. People cannot work for free. Inflation is the most regressive tax in existence. Thank your government for that. And, they keep spending trillions without a care in the world
    2
  45195. Not too dark; actually it looked really nice.
    2
  45196. Great Video!
    2
  45197. Houses are not going down, houses will be going up and INNTEREST UP AND UP AND UP. HERE IN VALDOSTA GA PEOPPLE ARE SELLING THEIR HOUSES 2 TIMES THE VALUE, SOME OF THEM 3 TIMES THE VALUE, AND EOPPLE THAT IS NOT SMART ENOUGH ARE BUYING THOSE HOUSES .....
    2
  45198. I love this video. I wanna cry, I love the beach so much. So beautiful. Cant wait to be in florida! As always thanks for taking the time to make and post these videos Mr Bordenaro!
    2
  45199. I just heard that a Texas judge blocked the student loan forgiveness plan. Pelosi said Biden could not do the plan without congress. Has anyone else heard something similar?
    2
  45200. The disadvantage of a HOA community is you usually get very little land say .15 acre ... My HOA fee is reasonable not too bad.
    2
  45201. It as 62 degrees during the day!
    2
  45202. Nice video, beautiful houses
    2
  45203. I used to live in Tiburon. Gorgeous town!
    2
  45204. HMMM interesting. I may look into this home
    2
  45205. $9.8M for a 1 car garage...lol
    2
  45206. What advice do you have for Mr. Orlando Capote .. the homeowner who refuses to sell his house and is totally surrounded by an extremely active construction zone at "the Plaza" in Coral Gables?
    2
  45207. Amazing how the flock of sheep continues to believe the media. The sheep continue to sign for loans, use their credit cards, and buy cars they can't afford. The sheep trust the shepherds to guide them to prosperity. The sheep don't realize that the shepherd has already sold them to the wolf for his pack. The nation is failing. Prepare!
    2
  45208. What's amazing is that people who live in deteriorating cities like Portland keep electing the same officials who support defunding the police & allowing homeless camps all over the city. And then they wonder why their city is disintegrating.
    2
  45209. In 2022? Don't buy from a flipper ever. Their job is to spend as little as possible to make a house look as expensive as possible. Inevitably, corners get cut hard lessons are taught.
    2
  45210. I stayed at a Hampton inn room for 108$ there was free breakfast free coffee all day and the room was nice and this is in Pennsylvania so very good deal
    2
  45211. Congrats on the 100k
    2
  45212.  @MichaelBordenaro  so we are about to be in stage 4 any moment now i suppose. And then how long does stage 4 lasts for before everything happens?
    2
  45213. Bidenomics at its best.
    2
  45214. Government lies every single chance they get. We don't even have a media that use to keep the Government halfway honest... as long as their party is in charge.
    2
  45215. Looks more like what we used to call "swampwater". West of the turnpike there are a bunch of Mc Mansions like that. I drive through the Sweetwater area often and it is funny to see the high rise rental apartments they have crammed in there.
    2
  45216. yes keep showing houses. Watching from Naples.
    2
  45217. Thanks!
    2
  45218. If; I had half a million dollars; I definitely would not be purchasing a house;I would purchase a camper van large enough for me to live in.
    2
  45219. If they start forcing this then I will take my money offshore
    2
  45220. ASMR Leaf Blowers
    2
  45221. More personal discussion videos PLEASE!
    2
  45222. I went electric with Tesla, so far its been nothing but great things as far as performance, conveniency of charging at home, cost of charging vs gas (the fit and finish isnt there for the price though...). BUT, i live in California, it gets hot, it doesnt really get cold, we are seeing how badly EV's are doing in this cold snap for some people in other States. i think the biggest plus of electric isnt necessarily that its green, you can get electricity out of solar, wind, hydro, coal, nuclear power plants, the sources are whatever works best in your area.....vs gas, where you are locked to a finite source, and basically begging foreign governments (Saudi Arabia, Russia, Venezuela, etc) I dont like being held hostage to the whims of a foreign power. All those people waiting for gas at Costco, vs going home and just plugging it in at night and being back to full by morning... The biggest limiting factor i see for EV is lithium, so far its the most cost effective energy dense option, but there isnt enough out there, we are back to finite resources like gas. hopefully battery tech continues to march on, now that EV's are popular enough to warrant pouring money into battery R&D. The US will be running into trouble if everyone went electric too though, the US powergrid isnt ready for it, it needs to be massively upgraded. That is going to take time and money, however going to wars in the middle east over oil is much more expensive, i would rather invest back into the US vs jumping into wars in the middle east. Hell, its almost certain that a huge reason Russia invaded Ukraine was due to Ukraine's recently discovered oil deposits.
    2
  45223. Xlnt, xlnt video !!!!!!!!!
    2
  45224. Just want to thank you for your videos. They are very informative. From Mintreal Qc
    2
  45225. Texes RoadHouse rocks still. Filet mignon is still the best. I'm in Ormond Beach. Nearby. Subway sucks.
    2
  45226. Love that place Michael 🤗
    2
  45227.  @MichaelBordenaro  mine too 👌🏼
    2
  45228. Great info, thank you so much!!
    2
  45229. The classic raise the price to make it look like the buyer gets a discount😂 fired the old real estate agent and hired a worse one
    2
  45230. Michael, U do good work ! Thanks for the content and The Plain Speak .....👏🏻🇺🇸
    2
  45231. When you are back in California in summer, make a trip to Catalina Island. It’s an hour of sailing from Long Beach on a very cool public ferry. The island is beautiful, with clean beaches and clear comfortable water temperature( in summer) . You are going to love it!
    2
  45232.  @MichaelBordenaro  Thanks for your observations. So you seem to be observing, not just a distortion in the market, but a fundamental change that is probably not going to reverse. For what it's worth, I am one of those remote workers who recently bought a place in South Florida (currently being renovated). You opine that employers should be scaling incomes according to the geographic locale of their remote workers, but I find this to be so wrong on so many levels. It opens the door to lawsuits, e.g., employees claiming they are being discriminated against. It breeds resentment among employees receiving different pay for the same work. And in the current market, such a policy would result in a mass outward migration. I know that I personally would not tolerate a cut in salary by moving from NYC to FL! I don't know what the solution to escalating rents in SoFl would be other than simply building more housing units to meet the relentless demand. Does South Florida have the physical capacity for a major influx of new housing units? My impression is that the infrastructure is already precarious and that, between rising seas, waste management, clogged highways and wildlife preservation, there is only so much density that can be accommodated.
    2
  45233. very happy that reality is finally sinking in, the economy has been fake since 2008
    2
  45234. I went and looked at foreclosures in the area I want to buy anna maria island and u wouldn't believe 17 pages of places were on tax lein. So many..I was shocked now I do t know in Florida Michael if government takes lein owed homes? Bit thos is one step away from having 17 pages of foreclosures
    2
  45235. Things are looking really bleak right now. The 10 year is now at 3.2% it’s falling while the 3 month and 2 year is rocketing. Looks like a recession coming.
    2
  45236. Right now the market has priced in 4-5 of the increases of .25%, so you are looking at .5% + .25% for any increase of .5% that the feds do in a single meeting... Likely we have about 1% higher to go this year.
    2
  45237. Michael thanks for bringing ur wifey Lizzie walking in Beverly Hills if u go Rodeo Drive u might bump into some celebrities..Lizzie enjoys the flowers in front of those mansions, stay safe guys
    2
  45238. Marin does have huge traffic issues. I’ve lived here 25 years. Ready to to to Florida.
    2
  45239. Love your content, very informative. Thank you!
    2
  45240. They could sale or make them regular rental homes
    2
  45241.  @MichaelBordenaro  ok I'll check those areas out, thank you!!!
    2
  45242. California just pushed this first time home buyer move and I think the inflated market is gonna move up again 20% free down payment and sounds like there offering a 4-5% interest rate also I’m expecting it to force the market to move up now. Not sure if the government will allow it to fall they want those high property taxes
    2
  45243. I live in Atlanta metro since 5 days ago the price on most houses dropped btw 5k to 15k. Also most of the houses that were under contract are back in the market! Also every few minutes new houses in the market. It's crazy the changes in the market.
    2
  45244. Homeless veterans should be able to live on military bases. Food and healthcare provided by the govment.
    2
  45245. Wow, just finished watching this and another Florida realtor came across you tube - according to him, rates are down! People are buying! Builders are building! Buy now! Hurry up or there will be bidding wars - the housing market is not going backward! There are people feeding the FOMO...scary
    2
  45246. I WILL BE BUYING HOME CASH i AM BERCOMEING NETWORK SECURITY eNGINEER.
    2
  45247. Hi Michael if a family is gonna renew rental lease in April that’ll cost $4k monthly . Will it be worth it to buy or to renew and wait for prices to come down from a currently 700k house ? . Just ur opinion , not ur advise .
    2
  45248. Thank you for the information. I'm determined to move to FL in the next few years and your channel is becoming one of my "go tos".
    2
  45249. Good one
    2
  45250. But today's generation has YT and Tiktok and every one of them can make a fortune on those platforms.
    2
  45251. Congrats !! Can you buy a friends mortgage balance if they're in default ? Shame you couldn't move your house to a new location....lol.
    2
  45252. If you look at the historical mean in home values they should be around 250k. They are around 400k And that isn't considaring wage (lower than inflation) growth. Unless investors buy everything or wages increase a lot I think we atsome point we will have to return.
    2
  45253. Another great show. Thanks
    2
  45254. Excellent, sub'd
    2
  45255. Michael.......most people are crazy.....buy gold and silver, get it in your hand....we'll be buying houses for physical metal only once this thing goes. I love commenting of your vids......HAHAHAHHAHAHAHAHA
    2
  45256. KJP and Joe are LYING to us? 🤣
    2
  45257. Your videos are so much worthwhile to watch. I'm gonna be patient! There is always hope and the right moment to move to FL.
    2
  45258. Where is the link to the silvernest thing?
    2
  45259. Reverse mortgages for the baby boomers. Then airb&bust
    2
  45260. Makes me think of the song Things Have Changed B Dylan
    2
  45261. Gen Z - Entitlement Issues
    2
  45262.  @MichaelBordenaro  ceramic tile flooring (not marble or even a higher grade of ceramic) the appliances are low grade as well (electric stoves tend to look cheap) the appliances and cabinetry could he nicer... and only 1,190 sq.ft. that unit would do better at $1,800 to $2,000
    2
  45263. Enjoyed ur video - I live in southern Calif. I went from owning and living in a few beautiful homes - then bought a small townhome, which I HATED. After 11 years in that townhome I was finally able to buy another brand new home half-hour away. Living in an apartment or townhome - after living in beautiful homes - is very challenging. Hoping real estate doesn't crash - life in America has changed. Our leaders are also increasing property taxes to unaffordable levels - and in Florida with the very high homeowners fee - plus higher costs of utilities. They're putting people in the poor-house!!!! If ur single, u keep the first $250,000 profit ---- if married, u keep the first $500,000 profit. Over that, Uncle Sam has his hands in ur pocket. You're doing a great job informing people what's going on - and all the scammy people and companies out there. People should never respond to phone calls, emails, texts about buying or selling their home. They need to get referrals for honest realtors - who's offices are near their properties. People assume Realtors are very knowledgeable - and I found that most of them know very little about the real estate market - and some don't care --- they just want a commission!!!! Real Estate is the most expensive transaction they'll ever have --- so be very CAREFUL!!!! I was a realtor decades ago!!!
    2
  45264. I've noticed a difference and thought it was the fact that I'm getting older, lol. I guess I feel a little better hearing it's not me!? I know there's other ways to build homes that can help minimize the heat, and it's probably time to pay more attention to that rather than just getting the most square footage from a piece of land.
    2
  45265. HEY MIKE QUITE BLOCKING THE VIEW OF LIZ.......YOUR DA MAN !!!
    2
  45266. Michael Bordenaro thank you so much for the info it’s greatly appreciated 💯
    2
  45267.  @MichaelBordenaro  by nature we are greedy and a lot of these clickbait titles aim at people insecurities and desires. Your channel is great and I’m glad to see your content is still what it is and it hasn’t changed to what other channels have. Thanks for sharing your views.
    2
  45268. Don't forget the suit in the next one 😅
    2
  45269. 3:54 C'mon bro, 10K is a lot; 10K out of 5mm is not
    2
  45270. Why ? Price is coming down tho
    2
  45271. Parking, again, looks pretty unpleasant for those Bay Harbor condo residents.
    2
  45272.  @MichaelBordenaro  Yes, true, I noticed that. I think condo residents just accept the cramped parking situation. I know I did when renting and owning condos. For the past ten years, living in a single-family home w/ an oversize 2-car garage; wide, long driveway; large corner lot; wide, quiet street; I couldn't deal w/ such limited parking. Back in the early '90s, I walked all through Bay Harbor Islands contemplating where to rent. All decent, older 2 and 3 story buildings back then, around $600/mo. I ended up in Hollywood Beach and later in the Eastern Shores neighborhood on the far east side of N. Miami Beach off 167 St.
    2
  45273. Lighthouse north to South Palm Beach - Inventory spiking, Pricing softening rapidly…
    2
  45274. Lol SPS is going under fast. They're not pullin the wool over 'ol Michael B.s eyes!
    2
  45275. Hyperinflation is here folks no more living large for 99% of us
    2
  45276. We will hit a recession. If the fed allows for some degree of free market capitalism.
    2
  45277. Have a great time on your vacation 😊Thank you so much for sharing your video 👍🏻
    2
  45278. Great video. I really appreciate all the different topics you cover in the video
    2
  45279. You should go down to Huntington Beach or Newport Beach or even Laguna
    2
  45280. 😁😁😁😁😁😁 Area Sucks Don't Go Back !!!
    2
  45281. I live in Miami and gas is a lot cheaper than $3.99 buddy
    2
  45282. Good video, congrats on the sponsor.
    2
  45283. . We thought you were 47.. with xour wisdom
    2
  45284. ❤
    2
  45285. 🙀
    2
  45286. Mike did you ever make any how to videos?
    2
  45287. That's a huge improvement in Venice. No longer looking post-nuke dystopia, now it's more like TJ but not quite old Venice.
    2
  45288.  @MichaelBordenaro  , agreed.
    2
  45289. Being that you are in Miami, how does Miami stack up to these price declines? Where do you think Miami prices will go this year?
    2
  45290. Debt is debt. Whether you are bankrupt from being over leveraged on credit card, student loan, or home foreclosure it is all a debt burden. But student loans (especially private loans) are not bankrupt worthy. Eliminate the loophole that bans student loans from bankruptcy’s. Most of the time students have paid the original amount before the desperation of loan suffocation anyway.
    2
  45291. Happy birthday 🎉
    2
  45292.  @MichaelBordenaro  thank you
    2
  45293.  @MichaelBordenaro  Great I look forward to it, thanks!
    2
  45294. Will my Job at home depot be secure during this real estate down fall ?
    2
  45295. Micheal did I hear you correct when you said Tesla doesn’t have dealerships? Because they most certainly do there’s a Tesla dealership less than a mile from my house. Im not sure if I heard you correct because I was distracted. Anyways wasn’t trying to be negative just wanted you to have the correct info. I enjoy your videos.
    2
  45296. Solent Green McCrispy sandwich.
    2
  45297. So am waiting for the long haul. Thanks for the advice and all the learning information..I really appreciate it .its all new and exciting to me
    2
  45298. Anybody that borrows to 'buy' a car justifies the absurd vehicle prices we're all suffering under. Don't borrow! Especially for a freaking car. If you have to borrow, you CAN'T afford it. ffs
    2
  45299. I wonder how much was Talyor Swift?
    2
  45300. I'm going to watch this series, but it's hard for me to deal with how I've missed out on living in Fl my whole life! I was taken by my dad up to GA after his divorce. Visiting home always made me sad because I couldn't stay.🌺
    2
  45301. How does no state tax look now?
    2
  45302. Residents of Mobile parks can bid on the park as a community. Then make up their own rules. Yes, the investors that take over will take the mobile home as they price you off the land lot. Very expensive to move the mobile homes too. Very expensive.
    2
  45303. What the Fed and their cohorts really want to do is cause all those low rate home loans out there to sell or default. Of course that would mean destroying the job market and most of the economy. Pretty insane.
    2
  45304. The National Real Estate Association are speculators in the market as much as Wall Street funds and companies. They need the small guys to rush in as they exit.
    2
  45305. Bull trap.
    2
  45306. Did you see that 40 foot extension ladder on that truck? Be thankful we don't have to huck one of those around a house
    2
  45307. Don't these sellers still have to pay a lot of federal income tax on their profit from selling these expensive houses?
    2
  45308. Hi Michael: I can relate to your unhappiness being in Illinois...as I live in New Jersey. Property taxes here go up every year, and are costly. I have 3 states I have been checking out: Florida, Maine, and possibly NC (although I lived in NC many years, moved back to NJ, for 8 years, but really don't want to stay. There isn't much here anymore besides our beaches. So many businesses shut down (our fave ones), diners no longer open 24/7, and not much opportunity for alternative living (NJ is anti-tiny home), I'd miss the snow though! That's about it!
    2
  45309. I love your videos. U help motivate me, and relax me.
    2
  45310. When I hear that the future of the housing market with the looming potential of a crash is "not looking good". I always think to myself, "Good for who?" LOL because that's looking good to me.
    2
  45311. Love your info, opinion and definitely your logic in these financial issues.
    2
  45312. It's predictable... the free cash, people pay off credit cards that were stressing them out but they can't quit that spending problem and will slowly run those balances back up to where we'll be right back where we are in 10 months. Humans are predictable and mostly dumb.
    2
  45313.  @MichaelBordenaro  Thank you!
    2
  45314. ​ @MichaelBordenaro yep. The mortgage company won't increase much though. They will be looking for it on the distribution side from the sellers. That could work the same as today. Or the bank could make the buyers agent THEIR rep and a 10% fee to the seller for the mortgage. Retail sellers get charged for credit card privileges. Mortgage is a giant credit card.
    2
  45315. Never been to a Miami mall...I enjoyed all those stores, especially those purses on display. Gosh, I miss those shopping days...Watching you every day makes my day, thanks:face-red-heart-shape:
    2
  45316. We could fix this…if a couple million Americans just stopped working we could shut this country down. Truckers, power plant operators, drinkming and waste water operators,Garbage collectors etc..we have the power.
    2
  45317. Michael, these "Walk & Talk" Videos are Great !.....Terrific advice and I learn a lot....Thank you.
    2
  45318. Great news thanks 😌😌😌😌😌😌.
    2
  45319. 🎶 Next time around 🎶 Well there's always Power Ball lottery! In Canada it's several millions, no wonder some winners say 🗣"They're not quitting their day jobs!" 🙃🎠🏝
    2
  45320. And the reason for the dollar losing that much value in just 2 years is because of the Fed's giveaways in order to artificially prop up the economy. Which, in turn, will worsen the end result by kicking the can down the road.
    2
  45321. I hope you will have a great and cooler Summer in California Michael 😊
    2
  45322. Foolish people voted for these foolish leaders to defund the police,and not enforce the law's.
    2
  45323. Your honest is refreshing! How I'd enjoy having you for a realtor, if I was much better off!
    2
  45324. A lot of BS being spread right now that for sure. Real Estate agent and mort companies do not want to let go of 2021 and 2022 prices.
    2
  45325. The silent recession. commercial real estate is in trouble.
    2
  45326. 🥇
    2
  45327. I get at least three calls a day asking me if I want to sell my rental property in Orlando. My answer is always the same. I am not interested in selling.
    2
  45328. All these homes close to the coast are also big financial liabilities. It’s been a quiet hurricane season so far.
    2
  45329. Very helpful and informative video Michael 🇺🇸🇮🇹
    2
  45330. I worked and assembled Chrysler/Dodge/Vw minivans @ Windsor Assembly and hopefully like the original Minivan creation by Lee Iacoca ... Hopefully, when they bring down the price and maybe use the GIANT sun roof as a Solar panel... Think about the fact that besides Aptera out of California with their Amazing 3 wheeler that @ 60 miles a week estimated is Free from its solar panels... We can do better
    2
  45331.  @MichaelBordenaro  Wow!!! I can't believe that you are in my old neighborhood!!! Awesome!!! When I lived in California (moved 3 years ago to Florida), I lived in the Beach Cities which includes Manhattan Beach, Hermosa Beach & Redondo Beach!!! The South Bay of Los Angeles County is the BEST & is my "Home Sweet Home" for me!!! Check out "The Strand" walking & biking path along the beach which starts in Redondo Beach goes to Manhattan Beach!!! Also, that biking path, I used to ride all the time!!! One of my favorite things to do!!! It starts in Redondo Beach & you can bike all the way to the end of Santa Monica & Pacific Palisades which borders Malibu!!! It is 22 miles long one way!!! From Hermosa Beach Pier you can easily walk on The Strand "North" to Manhattan Beach Pier or you can easily walk "South" to the Redondo Beach Pier!!!
    2
  45332. Hey so tell me a little about Marina Del Mar Apartments? in Sunny Isles. I hooked up with a gal there a couple years ago on vacation and as we drove by MDM she said... you don't want to live there! I don't recall what was the reason? but they have done some upgrades on the pool and added a six story parking structure! the rent to me is very affordable. what do you know about this complex? Thanks in advance. Dave
    2
  45333. Great advice.
    2
  45334. HI MICHAEL 👋 GREAT TOPIC 👍. I RETIRED AT 55. I'M SO GLAD I DID. YOU ARE SO RIGHT ABOUT THAT YOU SAY. ALLWAYS I GREAT SHOW. THANK YOU FOR YOUR VERY HARD WORK THAT YOU DO 💜 CANADA 🇨🇦 PEACE ✌️ ☮️.
    2
  45335. Remember when financial advisors said, "Buy term and invest the rest?" Well we are,"renting and investing the rest." The nice home we rent is in a nice, safe neighborhood, and our landlord is very fair. We spend about $700+ less a month, and I figure that the actual cost of rent is basically what you also often put into a home you never actually net either. Add in the flexibility, what I call slum insurance, and not having to worry this option is worth it to us. The government, realtors and media push people into owning a home and the whole home ownership = wealth concept is often a misnomer.
    2
  45336. Hopefully that fake person goes to prison for lufe!!!
    2
  45337. how low are the prices now 40-50% ? gram stephen bought his real estate for 80% discount during last recession 2009.
    2
  45338. My opinion they need money, they need people to believe the economy, housing market is smoothing out. No recession, housing investment it right now. They need suckers to con, so they get mo money , mo money for property then boom housing drop. Of course they want you to buy houses. They are not stupid. Fool born every second. Lol
    2
  45339. Yeah everything is not okay, I just lost my job a few days ago :(. Not sure how long its gonna be before I find another job in my field and if I do it's gonna be a significant pay cut.
    2
  45340. Hey Michael ... I meant to comment on this video when it came out. I've been an insurance agent for 15 years. Some of the misconceptions people have about insurance include the following ... A house is insured to its replacement value, not market value. This is a misconception most people have. A house could cost more or less to rebuild than its market value based upon the housing market at the time. For example, a house in an inflated housing market might be selling for $400k but its true replacement cost might be only $300k. Conversely, if the same home is in a deflated housing market selling for $275k, it still might take $300k to rebuild it. An insurance professional, like myself, will do a complete, detailed, replacement cost evaluation to determine this. Mortgage lenders are notorious for making this mistake. The lender will often require a property to be insured to its loan value. But homes are not insured to loan value, they are insured to replacement value. This could be more or less than the loan value. Again, for example, if a home cost $400K with 20% down, that's a loan of $320K. The home's true replacement cost might be only $300K. Make sense? To insure a house for more than its replacement value just to satisfy a lenders loan value would be to over-insure the home. What can be done to overcome this is to add an endorsement to the policy that adds an additional 25% or 50% to the replacement value. The homeowner has the option of removing the endorsement after closing.
    2
  45341.  @MichaelBordenaro  it will work itself out, I am sure. For now, he’s 15, and living at home, being a teenager.
    2
  45342. You Sound Like Family 🥺🤣 Long Video but So Short with You Thanks You Talk A lot Common Sence
    2
  45343. Why the beach is empty ???
    2
  45344. When you mentioned that Lending Tree would prefer to have their employees quit rather then laying them off to avoid paying then unemployment benefits, wouldn't the unemployment benefits be paid by the government? Here in Canada, if you get a lay off and the company gives you 2 weeks notice, the government pays the benefits, I would think the USA would be the same. If a company doesn't give two weeks notice, then they have to pay a severance, but unemployment benefits are always paid by our government. People that don't pay their tickets/upkeep of their homes, I feel should be given a chance to pay it back in a reasonable time plus interest, and then be removed from the property if they fail to pay as tax payers shouldn't pay others expenses.
    2
  45345. Dear Michael. I owe you a quick response on the Florida budget and it Surplus. Look. The Surplus is huge. If I were in Florida, I would run for office on the idea that the State of Florida should cover these homeowners policy increases. Everybody would love this. The State has the money....Care to comment????
    2
  45346. Am cash buyer. I Dont Care.
    2
  45347. Also Florida hometown hero’s gives up to 50k for closing and down payment
    2
  45348. Glad your not selling Oxford Gold like some of these other YouTube scammers
    2
  45349. I appreciate how you always try and debunk myths like the stupid refinancing idea as well as the property tax and insurance side of real estate. WOW that iguana would make a nice meal!!
    2
  45350. The average income in the Miami Metro is just under $60k. The average cost of a home is $600k. That's 10x to 1. What's wrong with that picture. ? But don't worry Michael after a hurricane or two this year, continued higher taxes, crime and the 3x increase of insurance the outlanders and flippers will run. Crash is eminent by 4Q23. Hugs and blessing.
    2
  45351. It's like an airplane accident, a lot of victims in seconds, ptsd is normal specially if you live and work in high rises, This event is rare, it will get better emotionally but consider moving to another area while you heal, one story home will take a lot of stress, meditate and good luck!! I will never consider buying an apartment but selling as soon as possible...
    2
  45352. R Brandenburg Woohooo!! Congrats!😎☀️👏🎉🥳
    2
  45353. Visited there in October of last year from Titusville Pennsylvania. Collected alot of sea shells . Absolutely beautiful.
    2
  45354. People will buy houses based off what realtors are pushing. Realtors only want one thing with you, their cut from you selling/buying your house. They’ll do everything they can to get you approved for the biggest amount then only show you houses at the very peak.
    2
  45355. I thrive in the Minnesota cold, although a January week in Florida is always welcome!
    2
  45356. The whole building of an apartment has only one owner? so that means apartment can't sell by unit? Doesn't sounds right.
    2
  45357. For the algorithm.
    2
  45358. Yep...that's their plan. That's how they will grab all the real estate for control.😮 We saw this coming 2 years ago or more.
    2
  45359. Electric cars are a joke.
    2
  45360.  @MichaelBordenaro  I also reading about the legislature doing something to fix it, what can they do and what are you hearing about potential fixes
    2
  45361. Here are two for you Michael -two old saws reflecting the correctness of your message and another source for an important further discussion. “Spending will expand to meet the funds available” “ Borrowing is easy-It’s paying back that hurts” . Have a look at the fourth quarter commentary at Horizon Kinetics under “What’s new” their discussion on the repricing of the national debt over the next few years at higher rates is chilling. This is an employee owned investment advisory/ smart guys with a good record and not the normal talking heads .
    2
  45362. I got hungry while u went thru the food court lol
    2
  45363. 👍✅😳✅👍
    2
  45364. We have entered an economic winter for sure
    2
  45365. love how you show home prices in the area, its always what i think of when i see places like this.
    2
  45366. Nobody can afford a home lmao
    2
  45367. If I buy basis points, do it last the life of the loan ?
    2
  45368. Is the FED to blame for these wall street landlords and corporate landlords GREED by providing cheap debt? It looks like it to me me…. Also you look like Gavin Newsom lol… 🤢 jk
    2
  45369. Bayshore is buying up mobile home parks in central illinois. The sign changes and the parks stay the same.
    2
  45370. I feel lied to because houses doubled if not tripled in 4 years. The shots did not protect me from poverty which was the biggest pand side effect.
    2
  45371. Does this apply to NYC too?? i saw a skyrise condo for $500,000 ... but to my amazement HOA FEE is $4000 per month, is this possible at all?? im a foreigner i don't really know much about HOA
    2
  45372. The buyer’s agent would just be paid via the mortgage loan like most other costs. We will have buyers not use agents at all to keep from having to pay that expense. That will mean the only agent will be the seller’s who will have far too much leverage when dealing with inexperienced buyers. This is going to create a mess when there wasn’t one before
    2
  45373. Hey bro anytime you want to come back to st augustine lmk. I got an extra hobie outback kayak for you to fish at anastasia island and spare room for you and girl. Told you we sold in Jacksonville and bought a nice concrete block home in St Augustine and your vids really helped decision. Hit me up no joke
    2
  45374. You can refinance but keep in mind you cannot be in negative equity and rates might not go down.
    2
  45375.  @Pinkfrosting962  Thanks for the reply! Just trying to learn about how this works!
    2
  45376.  @MichaelBordenaro  Thank you Michael! We'll keep preparing for when the best time for us comes.
    2
  45377. Was really surprised at how easy the traffic was for a Friday. Over-all I enjoyed it and look forward to future videos.
    2
  45378. whoa, thats huge about florida and cbdc...time will tell if it comes true.
    2
  45379. Wonderful video; nice neighbourhood
    2
  45380. A good hearted, great guy...some of us dont have quite that nicer family history however, that is true you can increase your compassion gauge of appreciation of others, those hard to love and those who care you have missed. Nice job. TY
    2
  45381. Haven’t listened to Dave Ramsey in years so I isn’t get the reference but I do get your point. Loving the videos look forward to more
    2
  45382. Man.. I wish I was that smart and cool when I was in my 20's . You are blessed! Thank you for this video.
    2
  45383. Recession- no! Depression- yes, international global catastrophe- lead by the eminent collapse of the developing economies- following by 5:20 the the death of the globalized economies. This is unavoidable, and irreversible. None of the fundamental data supports any form of a reversal or soft landing without the attendant financial pain! The ultimate result is not at all good!
    2
  45384. Crazy premiums?? Yup!! They are hitting investors, but you're walking around Normandy Isles next to Miami Beach.. Low end houses there are 1-2 million... Of course investors are going to get hammered on Taxes and insurance without homestead exemption.. The real problem is when they come after primary residence homeowners with outrageous premiums in FL (and zero claim history too!!)...
    2
  45385. I too think Miami has lovely summers especially compared to the UK, the UK summers are dreadful averaging around 66f to 70f in July. We average 77f about ten times a year where I live. I love heat and humidity.
    2
  45386.  @MichaelBordenaro  Yes I know it is, I lived in Darwin Australia and I loved the heat. I find if you ditch the air-conditioning you acclimatise to the heat very quickly. I find fans are enough for comfort.
    2
  45387.  @MichaelBordenaro  As long as you have very large fans that move the air around you get use to the heat. If you have air-conditioning you are constantly going from 70f to 90f and your body will never adapt.
    2
  45388. ❤️💯🔥🤙
    2
  45389. Me as well, this has effected me... Across the country 😞
    2
  45390. They do this in AZ too.
    2
  45391. I need advice to buy a house 🎉
    2
  45392. The rent increases down there are a big reason I’m reconsidering a future move down there. By the time I’m ready things can change and go down or up, so no way to really know now.
    2
  45393. Two popular independent restaurants in my neighborhood have closed. They were both in business for about 10 years and did good business. Right across the street from each other in Southern California.
    2
  45394. Good paying jobs will lead to homes selling too.
    2
  45395. The current owners will pay the special assessments in full when they sell and the $elling price is market price minus assessments.
    2
  45396. There's a sudden stampede of buyers with rampant FOMO. MSM convinced them the Fed will pivot, drop rates to zero, and send house prices to the moon.
    2
  45397. Inflation is around 20% the reported number is to not scare average dumb Americans the 80%
    2
  45398.  @MichaelBordenaro  i know i almost never post on youtube because i think it will just turn into a fight but i think you really care so i wanted to give my 2 cents. i almost went into marketing psychology so believe me when i saw there is a whole industry designed around manipulating people who feel existentially empty.
    2
  45399. Great video as always, but what is up with the stock video at 10:17? That is such a random clip to pick haha.
    2
  45400.  @MichaelBordenaro  can you recommend someone?
    2
  45401.  @MichaelBordenaro  i would kind of like a place with a view, a light airy feel, upgraded and within walking distance of some shopd and things
    2
  45402.  @MichaelBordenaro  yes true but taxes HOA and ins don't go away
    2
  45403.  @MichaelBordenaro  thank you. I will very soon
    2
  45404.  @MichaelBordenaro  thanks
    2
  45405.  @MichaelBordenaro  We talked this afternoon. Lovely person, very thorough and considerate of my desires and limitations. Thank you!
    2
  45406.  @MichaelBordenaro  I will.
    2
  45407. That weirdo walked past our house again.
    2
  45408. Congrats on your 5 yr anniversary!
    2
  45409. Greed in action. Gotta love it
    2
  45410. The quality of life for many fellow Americans were not good in the 1920's because they were not allowed to participate in the wealth-building.
    2
  45411. I bought in February but closing day has been pushed back by at least one month. Price went up by $50-$100/per square ft right after I bought in February that's almost double what I paid.
    2
  45412. Yes if you have money and are living in some place like Orange County or the beach cities in LA county Less exposure to the homeless issue and higher likelihood of good schools. For families, many places in San Gabriel valley would meet that criteria California has excellent municipal parks and good weather and a wide variety of resources for people who have money. I would pick California over other high cost high tax states such as NJ, NY, IL, MA, CT, MD or PA would imagine that, while minimal, the net migration to such states is higher in favor of California than vice versa Forest fires and earthquakes are less of an issue in the areas I mentioned above.
    2
  45413. Michael Bordenaro I finally got my Bachelors degree and will working as a Teacher aide in the fall. Pretty soon I will save up to live on my own in Illinois first than eventually move to Florida one day.
    2
  45414. Your show has more than inspired me. This is my plan. Continue to live at this disability building. ( $220) A month. All bills paid plus a lunch during the week. This is unheard of. I can " potentially" save $ 400 a month. Start a business in this apartment. I will find a way out!!!!!! I have a MFA interior design. It's not over yet. Thank you Michel
    2
  45415. 💯 agree re college. Including Tax payers paying for the most stupid and irresponsible bill. How will college kids learn from this 🤔. Rhetorical 👊👍
    2
  45416. Wait until the average Joe and Jane realize what is coming to the U.S. economy as more and more countries abandon the U.S. dollar by joining BRICS. BTW countries that represent 2/3rds of the worlds population have already joined the BRICS including Mexico who joined last week. We are so screwed and no one in the main stream media is talking about it.
    2
  45417. What is your opinion on reverse mortgages?
    2
  45418. loved the casual walk talk on housing/economy as well as the contrasting shades Nick and Mike.
    2
  45419. So is that the garage in Vice City GTA? Seems like it could be.
    2
  45420. Lived in MB til I was 3yr 😂
    2
  45421. That's cause the fed has to raise the rate to 10% + . Not none of this .75% b.s.
    2
  45422. Michael, I live in SoCal, never a Home Owners claim, yet they are cancelling bc they are leaving Calif. will let you kno what happens.
    2
  45423. 40% off rent? I'm in 😂
    2
  45424. Mike, if all the businesses go tits up, then everybody is dependent on the Gubermint........FEMA camps anyone? The people in power want to destroy this country because of the freedoms available. It does not jive with their: "2030. You will own nothing and be happy!"
    2
  45425. My Gosh...that beach is Beautiful. ❤🥰 America is collapsing on itself.
    2
  45426. Kennedy Soace Center
    2
  45427. Due diligence is a thing. Did she not do that before purchasing?
    2
  45428. Listen to you everyday. Your Scam Bankman Fraud comment the other day, was hilarious 😂. Today's video also very entertaining but most of all spot on informative
    2
  45429. Now I figure out why banks let people refinance, because they they don't pay the principal. So those mf the gonna loose by refinance no matter what. Thanks Michael for explaining this paradox.
    2
  45430. Not just in the UK. All new home builders here and now are offering from 7k up to 20k incentives to buy!
    2
  45431. $14 million....$11 million....it might be a good neighborhood but the only people able to afford these types of homes are the ultra rich. The property taxes alone are over what $130,000 on a $14 million dollar home? I'd sell for whatever to anyone willing to blow that amount of coin on any property. Hell just put the money in a safe interest bearing account and buy a home somewhere cheaper for $1 million somewhere else. LOL!
    2
  45432. Bobs is in my town in CT and has been around for decades.. I'm so disappointed to see it go. Its not an expensive retailer either..it was the place we all bought sneakers, or boots or sketchers or levi's or team shirts.. it use to always be busy. But i did notice this past year it has been very quiet in the store. I can't believe its going to be gone from our lives. There’s nowhere to shop anymore. You cant find thing's anymore. So sad.
    2
  45433. I've lived on a boat off the coast of FL. It is the best deal out there.
    2
  45434. In past recessions and depressions people did have to go live with parents, divorce went down, and many were homeless.
    2
  45435. Yet we keep giving Ukraine Money to Launder for the Rich. Where's the outcry in US/West ? Unbelievable
    2
  45436. Related article to the Westfield mall. Is that cinemark theater inside is closing too and story mentioned issue with feces in the elevators. Sad really, this was a nice mall when i visited it in 2017.
    2
  45437. GREETINGS MICHAEL,.. HOPE LISI HAD A NICE BIRTHDAY. 👍
    2
  45438. Isnt that crazy about winter in ILLINOIS and the further north you go the bigger they get the people and supposedly the Minnesotans live the longest?!?! Crazy
    2
  45439. Look at how many homes are being sold by Berkshire Hathaway, particularly in Florida. Why did BH buy so many homes in the first place? Because of the same government policies that are increasing the wealth gap and blowing up asset prices. If we don't change the current system, we're going to keep getting screwed in the ass.
    2
  45440. I suspect that it will be the biggest crash in US housing history. Don't forget all the investors who will be losing their socks and trying to short sell properties. I personally don't see how we can't have a major crash.
    2
  45441.  @MichaelBordenaro  okay cool. I'll be checking it out when I'm down in Florida again. Thanks.
    2
  45442. Great video not dark at all
    2
  45443. Hey man I’ve decided I’m moving to Florida, probably cocoa beach in about a month to try and live a surfing life, I’m from Cicero, IL and I’d really appreciate your help.
    2
  45444.  @MichaelBordenaro  no problem! ✨
    2
  45445. As soon as the recession spills blood in the water, the Fed will lower interest rates so fast it will make your head spin.
    2
  45446. From where I live rent has more than doubled in twelve years time .
    2
  45447. The best bar in town is. Sams on the water Lots of talent Starts Thursday after work 5 pm Sat and Sunday After noon rocks 🎉🎉🎉!! Might stop by the club big white building in the marina !!
    2
  45448. Very interesting and informative video. Congrats
    2
  45449. MS media is now known as “state run media”. Total propaganda. Even Fox News isn’t reporting on the really scary stuff. Plenty of sources on YT.
    2
  45450. Michael for Congress!
    2
  45451. Not bad to look at either!....
    2
  45452. Michael. You should watch Josh Phillips/Crossroads episode yesterday. “Fed tries to stop unfolding bank crisis”. He is on the tube. But his full show is on Epoch tv. He is a GREAT investigative journalist. My favorite actually. Very good details on his show yesterday concerning all this. Be safe everyone. Best wishes and blessings to all. HANG IN THERE! 🙏
    2
  45453. Fantastic information and walks. I see your views are going up, which is no surprise.
    2
  45454. More water views please.
    2
  45455. Thanks!
    2
  45456. With all respect, none of these apartment are worth $3000. I guess it's the furniture that makes them so expensive. They are not even in South Beach, although 9 Island is close and Belle Isle is a nice location. 9 Island has great amenities and I have looked at buying there in the past but the apartments are not up to the standards I would expect for the price and as you mention it does not make sense to buy compared to renting. Currently I'm paying about $2900 (including utilities) for a large unfurnished 2/2 with a perfect split floor plan. Both rooms are large and have direct access to a walk in closet, large bathroom and the huge balcony. It has an unobstructed view of the bay and I can watch the amazing sunsets every night and the boat and jet skies go by during the day. It's in South Beach.
    2
  45457. Why do you say you wouldn't live in Jacksonville?
    2
  45458. In Colorado; my doublewide; 1200 SqFt, 3 bedroom, 2 bathrooms manufactured home; which was build in 1996; on 4000 SqFt of land peaked at $319,000 on Zillow and Trulia and now without counting all of the things I have done to it; they says it is now worth $290,400. I also send you a photo of my place on WhatsApp messenger app when I bought it and a photo of what it looks like now. what I have seen here where I live unless the Job is easy and they can make a lot of money off the job, they are not interested in being hired which forces you to have to do the work your self or it does not get done.
    2
  45459. Now it's working. Before it said private.
    2
  45460. A fool and his money.....
    2
  45461. Wanted to see the struggle u climbing the beach sand mountain lol.
    2
  45462. How are you finding this data?
    2
  45463. Want to open a successful business anywhere? Open a truck stop. I went to two truckstops that were completely full so went to the rest stop and grabbed the last available parking spot and that was at noon. I hate Florida and hate bringing loads. I just tolerate it. Parking sucks for truckers here.
    2
  45464.  @MichaelBordenaro  For sure. Society gives truckers a bad rap but they don’t understand we cannot get to a grocery store, beauty shop, and other services but we DO have money to spend because all we do is work. Also I am so sick and tired of seeing liquor stores next to truck stops but no grocery store.
    2
  45465. A 401K Is only worth something The day you cash it in and pay your tax on it. Until you have it in your hand all you have is a paper statement that means nothing.
    2
  45466. Not to mention windstorm insurance
    2
  45467. Most people who take out HELOC's use it to consolidate debt. That's why statistically many people who take them out lose their home. The smart way to use a HELOC is to only use it to make money.
    2
  45468. You have very informative videos. Thank you.
    2
  45469. There is wildlife smoke on the Westcoast in the summer. It can get hot here to.
    2
  45470. Hi from Australia and cant believe how many crazy people are buying chinese cars here because they think they are cheap.
    2
  45471. Practical advise, sir - when you walk on the roadway, then walk on the left side, facing traffic. That way you will not be surprised the way you were at the beginning of this clip.
    2
  45472. Government is the problem - People see it as a safety net, but it's the opposite - It's a feedback loop where the more things in society go wrong, the more people turn to the state, which makes things even worse, people then turn to the state more, etc, the cycle repeats. The purpose of the gov is to use violence and threats of violence to try and solve social problems - That's literally what they are; no more, no less. Anytime violence is used as an incentive it always backfires in ways that are hard to predict. 30y loans at low rates don't exist naturally in the world - They are created artificially through guarantees that money to back the loans will be stolen from future generations (by force) if it becomes necessary. If that violence-based inter-generational underwriting didn't exist, lenders would never write such a loan. This causes massive debt accumulation and high prices. Not to mention the moral issues with initiating violence against peaceful people.
    2
  45473. Miami Beach is so beautiful! That building needs a restoration and a facelift!
    2
  45474. Bangin show again!!
    2
  45475. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for another very informative video today. I always enjoy watching your channel. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  45476. Dude you make it sound expensive. Compared to Colorado that's really inexpensive. Our homes out west are running $800,000 over $1000000 now. My wife and I have a lot of equity in our home so if we paid $350,000 for a house down there our payments would be not anywhere near what you're talking about. I'm guessing you're talking about somebody that is a first time buyer.
    2
  45477. I guess this means be cautious with flipped homes, as well. It pays to be familiar with these construction companies….like a friend of mine I’ve known for 25 yrs who sells real estate & her husband is a contractor. If I wanted to build or even buy a new home from another builder locally, i would be able to ask about the reputation of any builder. Its harder if you are building or buying in another state. However, when we moved to TN years ago, the house we bought was built by a good builder…after asking not only the agent who was recommended by the company my husband worked for but neighbors. Very scary world we live in.
    2
  45478. Good luck. We are thinking of Sarasota area too. Like you, we know no one.
    2
  45479.  @MichaelBordenaro  exactly bro 😎
    2
  45480. Michael Bordenaro for President 2028 🇺🇸
    2
  45481.  @MichaelBordenaro  yes you are!!!
    2
  45482. I hope your foot is ok
    2
  45483. It's all Smoke & Mirrors Powel SAID there will be pain in 2021 this will be the LOST Decade .
    2
  45484. Excellent video
    2
  45485. Ditto MB!!! All the lazy whiners death scrolling the Web all day or sellin there nasty goods on Only Fans will never be in the game. Grindin m Hustle gets ya movin forward. Yea times are tougher but ive been thru previous bad times and guess what, still doin great. Now back to my Martini n Lobsta ✌🏻🇺🇸🇺🇸🇺🇸🇺🇸
    2
  45486. Oh we are in a recession, they just don't want to admit it. How does someone get a mortgage when they just live together? have to get two separate mortgages , one has to choose to be the mortgagee? And what would be the situation if they happen to break up?
    2
  45487.  @MichaelBordenaro  Thanks a lot for replying! Your channel is helping me a lot on my moving decisions, and only your answer already helps as I thought outside main area would be cheaper but as you said is not! My office is in Doral but, for what I can see, is about same price!
    2
  45488.  @MichaelBordenaro  haha I know! And that is just touching the surface. My family and friends keep telling me I should write a book on all the crazy happenings and stories in my life. I’m seriously thinking about it, just do not know what I would use as a title LOL
    2
  45489. July happened so they postpone the bad news that way they can blame low activity on the winter not on the fact that we're fckd The fact that we're saying gas is cheap is so alarming...
    2
  45490. The sad part there is a group of people that still has there head stuck in the sand they think everything is winderful go figure. 6:14
    2
  45491. Good morning Patriots. People have no patience, they feel like buying a house is now an extension of buying the newest cellphone… and then wonder why they regret it. It’s all about easy and fast way to lose weight, or fast and easy way by download APPS. Calm down. STOP THINK & GO. Wait for the perfect time. Buying a house is not always a good idea. Look at the overhead that you don’t have when paying rent.
    2
  45492. Yea no inflation economy is great. Hot dog pack $17.99
    2
  45493. Thanks for all the in depth information .
    2
  45494. Why is everyone flipping out??? The inflation rate for decade of 1970's was 6.8%. People survived, bought houses, ate food and lived there lives. I think people should chill and let this financial situation run it's course. Also maybe work on ways to limit how greed can keep growing. Use positive attitude to make change.
    2
  45495. Hey Michael Congratulations on your 100K subscribers. I can definitely see you hitting the Million!! God Bless!!!
    2
  45496. Yea its a weird thing. It took someone close to me moving to florida and them saying "you guys should move down here! Theres so much to do". And it didnt take long to make a decision and it has improved my life just planing the move to florida. Im more positive now that i have a goal to move to florida. You need a goal in life and once you achieve it go and get another goal lol.
    2
  45497. In Idaho, we have a couple crappy home builders which Hubble Homes and CBH. For some reason be are still buying from these builders. All I can think of is that people are not doing their research. This is just another reason to never buy. I will take my chances and just rent forever..lol. It is much less of a headache.
    2
  45498. Michael, when was the last condo sold in the Surfside building that collapsed?
    2
  45499. Always appreciate you're analysis and views. Thank you !
    2
  45500. If you price right, it will sell. The house across the street from me here in Southern NC sold for $330K, so when I list mine for $300K in a month or so, with the same style and square footage with more updates and new flooring throughout, my home should sell even quicker. My neighbors sold in 2 weeks without a Realtor. People in NJ and NY know that you could never get a 3/2 with a garage and sunroom in a gated community up there for that price. It would not surprise me if I received multiple cash offers.
    2
  45501. Thank you so much for making this video, you and Lizzy were actually my first thought when I saw this. I'm glad you guys are good but I feel awful for the residents of that building and it's especially difficult to see the kids bunkbed on the top floor. I pray they weren't in there at the time of the collapse!
    2
  45502. Dude I have been with your channel from the beginning or close to it. I am enjoying your walking through the neighborhood and talking about all things real estate.
    2
  45503. How does a cop afford 6300 a month for rent.
    2
  45504. Buy and list the same week - sure to make money quick
    2
  45505. I hope the fed does not loose it's nerve. It will be painful in the short term but better in the long term. Otherwise the can will get kicked down the road and our future will suffer
    2
  45506. Tell me, what happens w condo owners that get evicted from building to be torn down? Are they offered a payout and is it reasonable ?
    2
  45507. These videos are terrific !.....Thank you very much.....Take care..
    2
  45508. If I were walking and talking pretty sure people would hear me puffing and huffing ... Good thing you are still young .. I am willing to traveling as long as my money allows me to do so. I just flew to Vegas last month. 1st time in 5 years ! I am looking to fly to Europe this fall.. my 401k tells me I can get less than $1K / month. No, I can't live on less than $2K / month ! I pay more than $1K each month for property tax alone! Pretty sure I will be comfortable with $4K cash / month ! I still see now hiring in just about every single retail store tho
    2
  45509. Appreciate your amazing video! Will keep watching the next update👏👍🙏💞
    2
  45510. Thanks for your information Michael.
    2
  45511. House prices dropped 50% in 2009 with rates going DOWN, imagine how much they will drop now with rates going UP!!! And rates ain't coming back down for years!!!
    2
  45512. Here's a question do you think people will wait to have children or only have one because of the expense of raising children right now and just in general
    2
  45513. Awwww!!🥰😍❤️
    2
  45514.  @MichaelBordenaro  There use to be this great little place in Malibu called the Casa Malibu Inn, it was a place from the 40s old movie stars use to go and hang out. It looked just like a little motel from the front ran by a couple, but they had some rooms directly on the sand, they had a private beach even. When it got too hot at my place (no A/C at my place) I use to get a room there-very reasonable. Unfortunately it was bought up by someone like David Geffen, or turned into a Nobu style $$$. Sad. I live in a cabin on the river now, and it's being sold to turn into a resort. I will be looking for a cool little place in Florida soon as soon as I can find a job there
    2
  45515. Funny you should mention Powell and how people would see light at the end of the tunnel after one lower inflation number. The moment the inflation numbers hit, the S&P went on a tear and reached nearly 4100. That's when I bought the double inverse again, and lo and behold the S&P is down to under 3900 and I made 7.6% yesterday. I am projecting that the S&P will again reach 3600 by February, and probably go even lower after that.
    2
  45516. 20:50 why would they need a $50k HELOC if they have 500k in a brokerage account on top of 3 million in retirement accounts? Just withdraw the 50k from the account and bite the bullet and stop trying to dodge taxes. Thats really all they are doing with their loan application anyway. Sorry, but I dont feel badly at all for them.
    2
  45517. Builders are resisting lowering their prices, they'd rather buy down the interest into the 5's spending thousands. Consider an ach block if you write a lot of business checks. Pain to maintain but better than a huge fraud
    2
  45518. Oh yeah and Congrats on the 3 years!🎉🎊
    2
  45519.  @MichaelBordenaro  Wouldn't that be awesome! (I love Miami too, though!)
    2
  45520. Hi. I'm Barbara Corcoran's son and i.......... approve of this message. 😂
    2
  45521. Michael, I recently vacationed to Florida for a week, stayed at a beautiful Airbnb, and hit the beach every day. I was born and raised in Chicago, and have lived here all my life (I'm 20). Anyway, i fell in love with your state, and have been binge watching your videos ever since getting back from Florida. You make great content, and give really helpful tips. Just wanna say thanks for being my main source of info about Florida, and helping me hatch a plan to move out there in the near future.
    2
  45522. Hey Michael. It’s been a while my friend. Glad to see you’re still producing good content. Christ bless you. Give your life to Christ before it’s too late. John 3:16
    2
  45523. congrats .....you know your shit on RE ,.,,that is for sure
    2
  45524. Why are tech jobs paying so little that the techies cannot afford a home?
    2
  45525. I love your channel, but if people followed your advice to not pay property taxes they will lose their homes. Better to vote for change, kick the profession politicians out of office.
    2
  45526. Thanks!
    2
  45527. Play another guitar riff and ask Us to guess it again.
    2
  45528.  @MichaelBordenaro  Really !? That's my destiny right there lol Well If I can get Checkyz out there to people, I will be giving you that call one day to come and chill, i play the sax, we could jam around the pool, then have a big ass party bbq.
    2
  45529. Buy all cash. And if you cant. Save save save.
    2
  45530. Regarding AI generated content; I have to say I think it has a dystopian quality to it in the sense that a whole lot of nonsense will be produced (at best, harmful at worst). Of course a lot of nonsense is already being produced and consumed by humans, so maybe we won't see a difference. Looking at modern music for example, with it's Autotune effects and compression that makes all music sound the same, people seem happy to consume that (crapo) just as they are consuming mind numbing TV, "fantasy" series, Marvel movies, and "celebrity news"; it's all empty calories that has the same mental effect on the brain as the fast food people consume which make their bodies fat and unhealthy. Of course the well educated "elites" don't waste their time on such crapo, but will ensure that they and their offspring focus on things that will benefit them long term (such as producing crapo for the masses) and that they will stay ahead. Meanwhile the dumb will keep complaining about their lives because they lack the self awareness that they landed themselves in the situation they are in, just as they complain that they have no money after living a life on credit cards.
    2
  45531. It’s very dreary in San Diego, rainy and blustery! —-The vibe of sun (and truth) from you gents, really brightens my day!
    2
  45532. This is so wrong on so many levels, but I am not at all surprised. Developers are gonna get the big money, no matter what. They will not let anyone or anything stand in their way of getting prime property…even owners! Very sad.
    2
  45533. Michael, what is the extent of liability ( seems to me it is zero) do title companies and home inspection companies actually have? That might be a good topic to cover.😊
    2
  45534. curious how you keep your camera so stable while you walk? Are you holding it? I love your content bro thank you.
    2
  45535. Cool shirt!
    2
  45536. Michael, I went to a college graduation recently. By the time I left, I felt like Socialism was stamped on my forehead. This generation coming up in really entitled. The college professors are pushing Socialism/Karl Marx Ideology. I don’t care if professors teach it but don’t push or endorse it. They are clearly teaching Socialism. These graduates are definitely have entitlement issues. They want you and I to pay for their education. I was taught if I didn’t work I wouldn’t eat.
    2
  45537. Here is a novel Idea to lower the price of homes, Ban all junk mail which most just throw in the trash. The price of wood will drop to 1/4 of its current cost. Stop junk mail!!!
    2
  45538. HAHAHAHAHAHA I LOVE IT
    2
  45539. @MichaelBordenaro Hello! I am a frequent flyer here. I just heard you talk about "Hometown Hero" program. My realtor (contract with her canceled) told me there was no money left in this program. Can you tell me the truth. Yay or Nay is there still a program in place. Please let me know what are the true facts?? Thank you so much.... Love your walks and talks.
    2
  45540. the fed put on the house and car buying , there will be max defaults foreclosures and car repos, the brakes go on so there are going to be less defaults when the economy crashes
    2
  45541. Canada is worse no 30 year fixed rate like is common in the states, 5 year fixed rates which have to be refinanced every 5years to the current rates.
    2
  45542. Titanic analogy was bad, LOL. I know the point you were making, but those who waited died... there were not enough life boats because all the rich people took them. So it could be interpreted, if you wait, all the investors who have money will buy up the homes.
    2
  45543. Culver’s is amazing☺️
    2
  45544. "Sounds" like Michael gave his lawn blower guy the day off.
    2
  45545. Idea, you could make a cup, or better yet a tank top🤣 with "it's not about that guys it's about common sense!" And sell it on your channel Maybe with a AI generated drawing version of you next to it in your tank top giving a thumbs up or something 😂
    2
  45546. So sad…
    2
  45547. Ft. Myers home is my favorite
    2
  45548. Hi Michael. I really enjoyed this video, probably since it mentions St. Augustine, an area I am highly considering. I am currently in Utah. If you find time and looking to post other informative videos, one topic that would be of particular interest to me and perhaps many others considering a move: would you recommend any particular areas of Florida that would position me close enough to the beach for a short drive (30 min?), , but far enough away that the brunt of hurricane winds/storm surge would be less impacted. I do understand that there is nothing preventing flooding from rain in a slow moving storm. Again my main concern is the brunt of storm surge and perhaps excessive winds and I dont know if my 30 min guage is practical?? Thanks again for your great videos. I have referenced your channel to other friends!
    2
  45549. Maybe the people spending are the young people. They live in the moment.
    2
  45550. Learned that lesson 40years ago . Lot rent tripled in 2 years
    2
  45551.  @MichaelBordenaro  Looking forward to your Pt. Reyes video. Have you ever considered a day trip to Angel Island or Alcatraz? Definitely worth your time.
    2
  45552.  @MichaelBordenaro  Too bad, but I understand.
    2
  45553. I guess viewers would rather watch FART videos...Ha!
    2
  45554.  @MichaelBordenaro  Michael, keep putting out your quality content. It's all appreciated. You'll do well in the long run.
    2
  45555. It is all a false economy
    2
  45556. Michael have you done any videos on Melbourne, Florida I’m now thinking of looking into Melbourne to retire, thanks
    2
  45557. This is not just this administrations fault ;it is the last three at least all have done the same thing...nothing they let the banks and Fed run the show.The last one to try and rein them in was Kennedy and we see how that went, no wonder nothing is done.
    2
  45558. Do you own or rent the place in Miami where you live?
    2
  45559.  @MichaelBordenaro  Can you shear with us what and how you did it?
    2
  45560. Great show!!! Would love to hear your prediction of the Florida market. I personally believe we will have a crash but think it wont be as rapid as the rest of the country. We have 2 factors that kind of change the dynamics. 1. The influx of folks from other states looking for tax breaks and a sane government 2. The displacement of Floridians from the 2 hurricanes we incurred in 2022. Your thoughts or any ones for that matter???
    2
  45561. Another video full of great information. A side note: You could make a fortune by being a tank top model. I'm serious. You need to look into that.
    2
  45562. Getting ready. Saving for the down.
    2
  45563. Miami: money laundromat
    2
  45564. Is this Referral Program only for 90 days who promotes Rakuten Referral Link?
    2
  45565.  @MichaelBordenaro  thanks for your guidance
    2
  45566. It’s what you call a “ 🐩 taking a 💩 “ 😆🤣
    2
  45567. Great info! Thank you!
    2
  45568. Another good video TY
    2
  45569. Happy birthday 🎉
    2
  45570. In Toronto you cannot even by a garage for that price! LOL
    2
  45571. Have you seen the DOMINO EFFECT when it's demonstrated with cereal boxes? When ONE BOX goes down, they all come down. The sheer weight of each one adding more stress to the rest so they all collapse. I see all the tall buildings of Chicago's downtown near where I live and it gives me shivers. Sue the view is wonderful, BUT ask the Surfside residents how they feel now? Even if it's just a FIRE after 25 floors, HOW can you be reached? My niece lives in Marina City in Chicago. An all cement building. The towers would collapse on to the river. I wish she would move out to a safer suburb. I live in Downers Grove, a senior building with 5 floors. I'm not feeling too safe now. I'm on the first floor with a patio out of my apartment ... I'll be a pancake when the building collapses on top of me. God help me. This building collapse has made us all rethink our lives.
    2
  45572. I grew up in a northwest suburb of Chicago, not that far from Belvidere. It sounds like you are a classic introvert, especially with choosing to be alone over going to family functions or parties. I would consider myself to be somewhere between an introvert and an extrovert, probably more towards an introvert. I do think it is valuable to learn to be self-sufficient. I lost my wife 11 years ago, and the kids are all on their own, so it is pretty quiet in the house, but Covid made it much more so. I am glad that things are opening up more now, and I have also been considering a move to Florida.
    2
  45573.  @MichaelBordenaro  There's nothing wrong with being an introvert. I have heard that most actors are introverts, for example. It takes all types. I am still living in the Chicago area - Naperville, to be exact, but I have been considering moving to Florida. I have enjoyed visiting South Beach and Haulover Beach, but I may look as far north as Melbourne.
    2
  45574. Forced place insurance....sucks when you dont honor the terms of your contract. BTW insurance is only required if you have a lien on the property.
    2
  45575. I live on Clearwater Beach. I was born here in 1958. My parents were born here. I'm still kickin thinking I'm still 24 years old. I still have my boat and I use it and sometimes spend the night on it. The islands north of Clearwater beach is where I take my boat. Dunedin up the street is perfect as well. Great bars and restraints. Safety Harbor the same! I had a contact lens lab in Coral Gables in the early 90's, right down the street from Coconut Grove. Miami was too crowded for me. I'll say this. I've been all over the state of Florida. My favorite beaches are on the gulf coast. If you go to Naples, check out 5th avenue.
    2
  45576. I like using usclimatedata website for their annual average weather charts for cities.
    2
  45577. I’ve heard a lot of first time homebuyers who are in the FOMO loop and are trying to buy right now waiving inspections, etc. are also not considering the effects of increased T&I in their monthly payments in their subsequent years of ownership (and not sure if some mortgage brokers and realtors are helping them understand this)
    2
  45578. Yay! More artificial inflation added to the housing market courtesy of our intrusive, meddling government.
    2
  45579. Cheap money saved the economy like spoiling a child. Now they are grown and living in the basement.
    2
  45580. The S&P 500 consists of the S&P 493 which is significantly down this year and the Seven Horsemen of the coming economic Apocalypse that are leading the charge to all time bubble highs led by Nvidia.
    2
  45581. Love your videos...very informative info and love your style of walking and talking and the scenery....
    2
  45582. Love strolling with you, Michael. Thumbs up on the shades and the tank tops 😎. If you ever want to talk about INSANE real estate prices, check out Toronto. You literally can’t buy a thing here for under $1M 🇨🇦. Too much demand, not enough supply. Don’t know how this ship is ever going to right itself. But I’d love to see it happen.
    2
  45583. HOAs exist because people have no taste or class. They have to be told what to do. They'll pick hideous colors, not mow their lawns, etc. If you want to live like Sanford and Son, go buy a little junk yard on the edge of town.
    2
  45584. I live in Thousand Oaks California love it but I'm only an hour drive away from South Central Los Angeles where all the gangs are Bloods and Crips there's great cities and there's places you would never want to live in
    2
  45585. You need to move to California bro LOL.
    2
  45586. As someone who owned homes in Southern CA from 1988 to 2010, I have seen this before. I now live in SW FL and I'm not sweating it. Been there, done that. In the early 90's (for example) the SoCal RE market went through a big correction ... right after I bought a home. That home is now worth millions (I paid $325K). Same for other properties I bought in California. I don't know if Florida will go the way of California (but I believe it will). Hang on if you can.
    2
  45587. Michael, I’ve watched you for years. The constant deluge of change for the worse hasn’t seemed to change your mood/demeanor. Are you a believer?
    2
  45588. Not that I disagree with your reasons for evictions, but I thought our governor delayed evictions because of corona?
    2
  45589. Thankyou a lot Michael for your great acknowledgment for us, We looking for house to buy, but now it’s too difficult to buy a small house we can’t afford to buy a house!
    2
  45590. I’m a baby boomer that is looking to buy a house in 2023. I’m just waiting for the prices to fall to a realistic price.
    2
  45591. Miami is beautiful, would love to live there.
    2
  45592. Our Subways no longer accept coupons; no-go.
    2
  45593. 3 D printed homes are great options for many. They are neat!!! My family and I spent 3 days in one in Austin Tx. They are great! Especially with serious weather issue.
    2
  45594. Government housing agencies are using nasty tactics to force people to lose their homes to build up their revenue. The same goes for FED intentionally forcing people to lose their jobs to lower inflation.
    2
  45595. Positive presentation of important info upbeat personable and DRUM ROLL really top shelf wife, plus the outdoor video of multiple locations 👍🖖
    2
  45596. This is good stuff- just the reality of power, greed and capitalism.
    2
  45597. Thank Michael for the video ❤
    2
  45598.  @MichaelBordenaro  are you a real estate agent?
    2
  45599. Like your buddy said you make money when you buy a car not when you sell it.
    2
  45600. How about this: The seller goes to the buyer agents, and gives them a heads up that there is a house for sale and to show it to the buyers. This is how it was done back in the 70s, 80s, and 90s before the internet. 2.5% commission and you're done! No need to get a listing agent. Just start making some phone calls to the buyer real estate agents!
    2
  45601. stimy checks ruined everybodies idea of money and anybody who didn't know what fomo is, now does and most are massively overleveraged. if there is a black swan event, the fall will be into a bottomless pit.
    2
  45602. @michaelbordenaro love this place. You guys should definitely try that restaurant 'The Caprice' just after the railroad museum. Breath taking sunset view and grate food!
    2
  45603. I cashed in half of my 401k about 2 months ago. Cost me a lot of money to do it but that's ok. There is no one telling me what I can or cannot do with my money. I took half of what I drew out and purchased gold with that. I also had a safe installed in my home for the gold. Really good security system installed along with a 7-foot chain link fence. I've also released 6 Dobermans inside the fence. Good luck getting past them. Currently, I'm having 4 acres of land cleared on the back side of my property and will be installing a 10kw solar array plus all the hardwood tree's being cut down I'm having it cut up into small logs and can be burned in a woodstove. I should have at least 5 years of wood to burn I'm told.
    2
  45604. You keep making this point that people abusing a system is a reason against it. So...no 911 operators because of prank calls? No libraries because some people steal the books?
    2
  45605. A sinkhole could swallow up my ground level townhome in central FL. I do worry and it sucks. This should be a testament to anyone wanting to move here.
    2
  45606. 4:19 more of that lovely overdevelopment!
    2
  45607. Everyone is waiting for the result of the trump/Biden contest😮
    2
  45608. Do you love northen ca more than souther ca witch one you love more
    2
  45609. Lots, and lots of nafarious characters down there.
    2
  45610. I am living the American Dream because I have been buying the market for 30 years. Not everyone is walking around listening to leaf blowers.
    2
  45611. People who call this a market bottom for real estate are aka “cheerleaders “.
    2
  45612. They need to drop by 40%
    2
  45613. I really appreciated the speech at the end of the video! I agree 100%
    2
  45614. No video today 😢 hope it's because you guys are having a good time
    2
  45615. Thanks Michael to keep it real....The Florida Job market had been always a nightmare. Service industry is about the only jobs out there. And as we know they don't pay anything. Everything else that pay more is in a fierce elbow razor sharp competition. The best thing happened where remote job's. If you are in the right Industry. Regarding foreign inversion ban in Florida...is never gonna happen here. You know that...
    2
  45616. Do you think the 10 year treasury will hit 5% by this December? Thanks.
    2
  45617. Heck yea. Love this weather. Orlando FL in the house
    2
  45618. Thanks for showing us Sans Souci. I always wondered what it looked like in there...
    2
  45619. Having come from Earthquake California to Hurricane Florida I’m sorta like you. There don’t seem like many guaranteed safe places anywhere in the world. I still can’t wrap my head around what happened but I’ll wait for more info. Was sad to read people weren’t just missing but confirmed to be dead.
    2
  45620. 2023 we will see a 22% drop in pricing. 2024 we will see a 10 % drop in housing prices. 2025 will level out in pricing. 2026 a 4 % increase 2027 a 6% increase.
    2
  45621. You so wrong saying Warren 150 years old😂
    2
  45622. Thanks!
    2
  45623. I am surprised no one mentioned the other evil fee that new home builders are adding on in addition to HOA fees. A CDD fee is a Community Development District fee, which is a type of special assessment used in the United States to finance the construction and maintenance of infrastructure improvements in newly developed areas. These CDD fees can be as costly as HOA fees and run for 30 years. I came across the CDD fees while looking at new construction in St. Augustine.
    2
  45624. The media and the market makers are LYING through their teeth and most people are struggling unless you’re wealthy and have assets. People are living on credit and Gen z does not give a f k and will charge the Taylor swift or Beyonce tickets and worry about the bill later. You can always earn extra cash on only fans 😂
    2
  45625. you look like your doing a commerical for how to take wrinkles out of a tshirt
    2
  45626. The guy might have spent a million in mortgage and house maintenance and property taxes but it's all money he got back
    2
  45627. Michael , keep doing what you are doing. You are doing a great job. Your videos and coments are welcomed by many people.
    2
  45628. You think the moratorium will end??? I figure Joe will save everyone and extend it, just like so called government shutdowns NEVER happen, like student loans now due but somehow Joe is stopping that....there is no accountability. There is entitlement. Not a blanket statement, but I suspect for many. Remember the pandemic when laws were passed so renters didn't have to pay? Then the help came in stimulus checks and videos were played of renters saying they are NOT paying their rent, don't have to, they were buying giant screen tv's etc. I laugh when some say today that "well the surplus savings are about gone, so people are really hurting..." Really? The stimulus money lasted that long eh? Riiight. Landlords were left high and dry and seen as the bad guy I guess.....shame.
    2
  45629. Appreciate your knowledgeable videos.....🦩🦩🌴
    2
  45630. 13:00 The etf called TIP is paying almost 7%. It pays out every month, so you can compound and get a bit more, or a lot more if your account is large. That neighborhood looks really walkable. Amazing how not crowded it is. I can't go running or walking in my boring inland suburb without tons of people with their partner or dog getting in the way. Why do they paint the sidewalks red? Seems like that would make them hotter and more prone to failure Thanks.
    2
  45631. what about not taxing low wage-earners
    2
  45632. BY LAW, Federal Laws, any bonuses and commissions that an employee receives from their employer are considered earned wages.
    2
  45633. 🎉😊
    2
  45634. The national debt can’t sustain high rates. We will return to lower if not negative rates. We are just waiting for digital dollar where it will have expiration date and negative rates.
    2
  45635.  @MichaelBordenaro  unfortunately but I can look forward to being down in Miami for school next year so I won’t have to deal with it anymore!
    2
  45636. YOLO if you're a boomer riding off into the sunset. God help the rest of us... and protect us from our leaders.
    2
  45637. I am selling my rental house in Maryland. I hope I can sell for a good price. Still appears to be low inventory.
    2
  45638. HAHA Funny Crispy story.
    2
  45639. My sister lives Buckeye Az u can Buy New start at $373K OR Rent $2,000 per month !!!!!!!!!!!!!!!!!! I never saw that in the last 50 years.THANKs
    2
  45640. I am so happy that it worked out for you and Lisi to be able to stay in Miami, Michael. I know you both love that great city! Happy Friday and have a great weekend! Thanks for sharing this affordable neighborhood with us!
    2
  45641. Really nice guy and video
    2
  45642. One thing that is up for debate is whether Michael is a pimp or a gigolo. But one thing you can Not argue with, he is a streetwalker. And he gets paid to do it!
    2
  45643. Brad: Money get back, I'm alright Jack keep yours off my stack.
    2
  45644. I am interested in buying a condo In Hollandale I was wondering maybe you can help me find within the 200 range
    2
  45645. Great video!
    2
  45646. Hey, it's Jack!
    2
  45647. Another nice neighborhood
    2
  45648. If I had that kind of I wouldn't have anything to worry about. I have been retired 12 years and live comfortably ,Not extravagantly. I am considered in poverty.
    2
  45649. Great video, Michael. I think you’re 100% correct.
    2
  45650. Pro : dollar $USD hyperinflates CONfidence in fiat collapse and so does the federal gov. We return to a sound money standard with wide spread decentralization of all aspects of society. ❤️
    2
  45651. I live in Iowa , thinking about moving to Florida !
    2
  45652. Debt ceiling negotiations are in progress in WA DC as we speak. What does it mean? The politicians WILL eventually be forced to agree on raising the debt ceiling allowing the government to start printing money again. This means inflation will flare up again forcing ordinary people to look for 'safe' assets to protect their hard earned money. One of the safest assets in these uncertain times is RE just because like precious metals, etc. you cannot print more land and the dwellings on this land actually have a real value as opposed to bank notes. That's why I think the RE prices will continue to rise.
    2
  45653. When rent and housing has doubled. There's not much good to talk about. It needs to be down 50-75%.
    2
  45654. 🇵🇷👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻🇵🇷
    2
  45655. Yeah man that’s horrible… they don’t care
    2
  45656. I like the "opposite"
    2
  45657.  @MichaelBordenaro  lol, glad you had a sense of humor about the joke :-)
    2
  45658. The prices on the East Central Florida are rising drastically also
    2
  45659. people need to stop looking down on Mississippi because Mississippi have beach front homes and its cheaper
    2
  45660.  @MichaelBordenaro  Thank you Mike -
    2
  45661. Do a review of SouthWest Florida - from Sarasota down to Naples
    2
  45662.  @MichaelBordenaro  Michael,......I assume that you are more impressed with the 1500 people who enjoyed your talk with your Dad,....than the 20k people who wanted to know how to ''Flip a house in Miami'',....or 'The do's a don'ts of buying a condo in Miami'' videos. You can't run or hide from your midwestern values of decency,......no matter how long you live in ''Floor-ida''.Btw,.....how many young people in Miami/Hialeah area would have loved to have lived their childhood in Belvidere. Sure,....it wasn't perfect,..but,..looking back it was pretty close,......you just didn't know it at the time.
    2
  45663. They are not getting a raise. The cost of everything, and wages of skilled and white collar jobs, will go way up to compensate for the higher cost of everything, including the higher cost of Fast-Food. Duh.
    2
  45664. In Britain we have empty property tax, basically if a residential home is empty then council tax is doubled. In Florida if land tax was doubled for empty homes they wouldn't sit empty the same.
    2
  45665. I hear parrots!
    2
  45666. From Colorado, you definitely have a flare for UTube. I watch all your videos.
    2
  45667. I enjoy the acnedotes…
    2
  45668. 👍💯
    2
  45669. Michael Bordenaro Ohhh money orders. Definitely way less than 100 bucks a year just to have an account though. That’s still worth having an online account rather than a Bank of America account right? Also I’m doing some research right now and it did say that you can take pictures of your check!? Do you know anything about that?
    2
  45670.  @MichaelBordenaro  No, it doesn't happen all the time, but it happens frequently - when it does it will put you off for life, lol.
    2
  45671. Good video very informative thanks
    2
  45672. Omg those poor landlords... absolutely rediculous
    2
  45673. What is the county/ city/ state doing with the millions/ billion of dollars they receive in property taxes?
    2
  45674. Seattle in the summer and San Diego in the winter is a great combination Seattle in the summer and Portugal in the winter is another option
    2
  45675. Michael, is there anything unique about getting a loan for a mobile home in a co-op park? Do you get the same type of mortgage as a single family home?
    2
  45676. I really enjoy your videos. The walk and your advice. 🤣 that was crazy! Hope your good
    2
  45677. The lawsuit benefits the lawyers 😅😅😅😅😅
    2
  45678. Yes 😆 the Music sound
    2
  45679. I’m late to the dance but boy you nailed it Michael. Many commentators throughout many of your videos have stated to rent first before you buy or make a permanent move. Excellent advice. Florida is vast, it’s beautiful and it may not be for everyone. I came here as a five year old and my dad taught me to surf, and hike and love the beauty this state has to offer. I love Florida, it’s my home. I don’t have to travel much anymore on my job but it was always nice to come home to Florida. I am thankful we don’t have snow. Hey Michael, I hope you make it up to Atlantic, Neptune and Jacksonville beach one day. I would be interested in hearing your comments. 😊 thanks
    2
  45680. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 The Smartest People are Canceling their Contracts. Thank you for sharing everything you do by doing so much research and time put in to these videos. I appreciate it very much. Blessings,Sir Carlos ✝️🙏❤️😊❗️
    2
  45681. Love seeing dog.
    2
  45682. Valuable info.thanks a lot.🙏❤️
    2
  45683. Then hook me up with a job lol
    2
  45684. The people have filed too many fraudulent claims. I think the government is going to have to step in and do something.
    2
  45685. Just watching to see how people park in Miami Beach. You have a 2 mil dollar home yet any visitors are parking on the grass smh
    2
  45686. I think renting is better now than owning a property.
    2
  45687. Yeah - money is going to get more expensive. Buying a TV on credit is just crazy.
    2
  45688. 4340 N. Michigan Ave., Miami Beach for $3.2 million! No garage! And the front yard is a paved parking lot! You've got to be kidding me!
    2
  45689. Are you guys saying that the media LIES? How dare you!
    2
  45690. Congrats !!!
    2
  45691. still as bad or cooling down?
    2
  45692.  @MichaelBordenaro  which one you recommend near Miami? Or maybe outside and take the fast train?
    2
  45693. Michael were did You buy Your shirt? I want one.
    2
  45694. It was a brutal summer!
    2
  45695. I just want to say.... THANK you so much! I do appreciate it.⚘🌻😊
    2
  45696. Biden signed another TRILLION in debt.. The MADNESS CONTINUES.
    2
  45697. lot of good information thank you.
    2
  45698. Thank you for making these posts! Would love to see you on the beach talking away with a straw hat!!
    2
  45699. No investor under 40 remembers a time investing before the Greenspan put. Can that last forever? Maybe, but it's unlikely...
    2
  45700. I’t like fiscal policy isn’t related to reality
    2
  45701. 👍✅🫣😜🤪✅👍
    2
  45702. Old houses smell anything over 50 years needs to be completely renovated, I mean, I’m talking all new insulation piping electrical everything needs to be redone
    2
  45703.  @MichaelBordenaro  Im going to exactly what the Gentlemen said. Save between 10k to 20k, move to Fl and rent. My goal 2 yrs from now. 👍👍👍
    2
  45704. Are we in more debt than china? I know China is also in a lot of debt.
    2
  45705. Oooooo I like that small town💜 but those house prices ouch
    2
  45706. The reason 10 yr Treasury yields are falling is because more people are buying them forcing the price up and the yield down. That's good for bond holders.
    2
  45707. Home values never drop in the right zip codes. Believe me. In Boston during the real estate collapse of 2009 the Weston and Wellesley zip codes went up 2.5%. Not much but the rest of Massachusetts was collapsing.
    2
  45708. Thanks for the video, great info!
    2
  45709. Having no debt, should ease any retirement concerns. Luckily, there are a lot of remote jobs now.
    2
  45710. Very informative for me. Cheers fellas I
    2
  45711. It is less white for sure.👍
    2
  45712. The people saying population control is needed because population density is too high are often from high population density cities like San Francisco, Los Angeles, New York City, Chicago, etc.
    2
  45713. BofA must think they're still on the 'Too big to fail' list and will get bailed out by the taxpayers again if those high risk borrowers default.
    2
  45714.  @MichaelBordenaro  that's why I said Civil War coming unless something changes quick. Honest and truthful you are sir. Maybe you can teach that to our government. You da man sir!
    2
  45715. I’m paying cold cash Michael I didn’t drink the kool aid
    2
  45716. I lived in NMB for a year and I couldn't agree more...worst customer service of any location I've ever lived. Thanks for the video. I'm looking into starting my own business here in West Florida...don't even have a name yet.
    2
  45717. I live in Saint Augustine, used to have an older house near the Fountain of Youth. The only problem right IN Saint Augustine & not in other areas is because of the flooding. I think that might be the reason the house you’re referring, the (blue one). Old Town is notorious for flooding, just when it rains. There are areas around, close to Saint Augustine, walking distance called (uptown) not as expensive but still in area. Or beach side like Vilano beach
    2
  45718. 8:10 keeping it real in more ways than one... lol.
    2
  45719. I am always amazed how still and calm the weather is in San Francisco. Does it ever rain? Ever get windy?
    2
  45720. So rates are going up more in Dec, and probably more in Jan fed fund rate that is. I know mortgage rates are not completely and directly correlated with this but how is a market flip lol. They are raising more and then we will probably sit for an entire year before we start easing rates...an entire year with mortgage rates between 6.5-7.5% with artificial propped up home values is going to mean the average monthly payment is in the mid $3,00's for average at best homes that were $1,800 just 2 years ago....unsustainable for 90% of normal Americans.
    2
  45721. You have really nice hair dude
    2
  45722.  @MichaelBordenaro  My sister's old boyfriend's uncle had a penthouse on the 22nd floor of the Point of America in Ft Lauderdale,Fl. His place, located on the point of the Atlantic Ocean & Port Everglades. Absolutely a stunning home. We would stay there often when his uncle was out of town. Scared the heegee beegies out of me. The view was spectacular, but 22 stories high, water east & south right on a point of land. Bad storm, we would feel the building sway slightly. Got use to there, but still always left me uneasy.
    2
  45723.  @MichaelBordenaro  Is there anywhere near St Pete which is a little bit like where I`ve lived all my 56 years,Notting Hill,London? (but cheaper,say up to about a maximum of GBP £300,000)
    2
  45724. The Association in Kendall you were mentioning is the Hammocks Association who I believe 5 arrested and prosecuted by our Amazing Katherine Rundel Fernandez
    2
  45725. Nope..those people that live there ARE stuck...they cannot sell unless they sell @ 50 to 70% off appraised value.
    2
  45726. I do not miss CA! love Florida!
    2
  45727. Thank you for reporting Michael God Bless you.
    2
  45728.  @MichaelBordenaro  You’re welcome. Yes indeed, always be grateful for the country.❤️
    2
  45729. Glad the garage wasn't closed in and turned into a room.
    2
  45730. 1995, North Tampa. I lived in 450sqft studio. $450 per month. I made about double entry wages, about $8 per hour. that is 56 hours labor for rent. of a simple studio. it was tight. today that same exact place rents for $1200. that requires $21 per hour for 56 hours. slightly more than entry wages today. I'd probably be making $35 or $40 today. 35 hours. this is a simple example of pre-2000 America. my personal journey.
    2
  45731. The housing market changes like the weather !
    2
  45732. I moved to Canada from Virginia for love and now I'm like, what have I done? The winter is so long here. It's mid-April now and still there's snow! I'm not sure if I can live here forever. I got SAD when I lived in Virginia even though the Winter is only 2-3 months long. Now my Winters are from October to April/May.
    2
  45733. I wounder why all these data sets are different?
    2
  45734.  @MichaelBordenaro  Thanks brother!
    2
  45735. Eu nao tinha certeza..mas agora no outro video com camisa do rio...vc eh brasileiro mano. Que legal..sigo seu canal
    2
  45736. His name is Michael and if he isn't wearing a tank top he's wearing a Bruce Lee button up styled in China made in China in the remote area of bruisma LOL
    2
  45737. Tesla is the only one worth buying.
    2
  45738. 🥇
    2
  45739. If you could live on 1 k a month kudos to you my bills are like 12k a month 😂
    2
  45740. need an update! :) this is 2021 and seems like prices are not slowing down on growing
    2
  45741. A big cause of inflation is easy money availability.... the big picture of 3% mortgages is the secondary market for the securitized mortgage bonds.... the FED was the ONLY market for those bonds.... who in their right mind would loan money to somebody for 30 years at 2.5 to 3%... absolutely nobody .... except the Government, and their balance sheet is full
    2
  45742.  @MichaelBordenaro  I am a former attorney and lobbyist by trade with over 20 years of experience. However great show. Keep up the good work.
    2
  45743. 9:20 California and Florida drivers are some of the worse!!!! Texas drivers too!
    2
  45744. ARM sounds tough but we had something even worse in my country, banks were giving loans in different currencies. This loan was supposed to be for businesses for short term 6-12 months but people got it as a house morgage for 20-30 years. Imagine what happened to that when the inflation hit our currency. A relative paid back 3x the the principle amount… so arm does not sound too bad after that. Some people dont learn.
    2
  45745. THERE NOT TO HELP ANYONE ONCE THEIR ON THE BOOKS AND DEFAULTS START HAPPENING FEDS WILL BAIL THEM OUT, ONCE AGAIN BANKS MAKING MONEY🤔🤔🤔🤔
    2
  45746. Excellent video, great advice on credit card debt, there are still a few credit card companies offering zero percent so people are still maintaining or concerned about their credit score in great shape can use your advice. The key to your video is maintaining you credit scores in decent shape especially in troubled times.
    2
  45747. I had to Re Subscribe...............
    2
  45748. I know you have the "need a realtor" link. But I'm looking specifically for a realtor that specializes in the South Beach area that understands seller finance options. I also have a preapproval for $350k from my bank. Does anyone come to mind?
    2
  45749. 1% mortgages lol. If all you have to put down is 1%, you can't afford the house. It's like going to buy a $40,000 car and telling them all you've got to put down is $400. You just can't afford it.
    2
  45750. It really is regional. In my area outside Pittsburgh we had a small price increase over the last couple of years but not the ridiculous price increases you saw in places like Florida and Texas. So we may seem some small increases (maybe 10%-15%) but not much more than that.
    2
  45751. Just sell as is
    2
  45752. I live in Naples Florida and I now self insure. I don’t put 6k away but I am putting away 3500.00. I buy CD’s but may look into your idea of investing in the market. The CD’s have to be renewed every 6 months which is not a big deal. The average is 7% overall but a big turn down could really affect your investment. Something to think about.
    2
  45753. Congratulations on your 3 year YT anniversary! I've learned a lot by watching your videos. Based on what you're seeing there in South Florida, do you think the Active 55+ condominiums will begin to come down in price soon, or are they a separate and completely different category than the upscale real estate you deal with? I'm in Los Angeles and have been thinking of moving to southeast Florida where I have a few friends. I retired in 2020 with no debts and an excellent credit rating and while I don't need to live in LA anymore, I can't afford ANY properties in California period. I've been looking to buy and move to an Active 55+ condo community in Florida and there are a few there that look good. However the same size condos that were selling for $80 - 90K in 2021 are now priced at $150K+. Thank you!
    2
  45754. Subprime all over again!? Ask Jerome! Why? Ask Grandpa Economy Biden! Why?🧤
    2
  45755. My plan to return and buy a place is now on hold. I have 14 months left on my current tourist visa here in The Philippines, so I’ll wait it out a bit. I do NOT join bidding wars. Prices may level out once builders become active, but that won’t happen until supply chains are operating more normally. There’s also the rental assistance program that’s schedule to come to an end this month, unless it’s extended. But once it ends there’s 18 million renters who will be under pressure, has many may be forced out of their rental homes and condos. And the property owners will no longer be receiving money from the government on behalf of their renters. So many rental units will become empty with evictions and there may not be new renters to fill them. And so owners may be forced to sell or lose their properties to foreclosure. And that will add supply. But nothing is likely to change soon.
    2
  45756. Do your homework to the 10th level.
    2
  45757. That neighborhood is old old old and those homes are not worth what those people want..I grew up in Florida there are neighborhoods everywhere just like that. They were built in the 60 s they sold then for 12-15k...they are stupid looking..and cheep looking..my whole life only poor people lived in those houses ..and they want 1.5 million. are they nutts
    2
  45758. Thanks. How about Lakeland Fl?
    2
  45759.  @MichaelBordenaro  thanks for your honesty but why do you say that
    2
  45760.  @MichaelBordenaro  okay thanks again seriously for your honesty if I didn't thank you already
    2
  45761. Bunch of Price Reduced on Zillow.
    2
  45762. I'm glad I bought last year before the interest rates went crazy.
    2
  45763. Hey Michael. If you buy the home. Pay to have it moved. Pay to have it relocated. And buy a new one. And pay to have that brought to the rental site you have reserved in the park. Now you're in business.
    2
  45764. I'm okay with living outside "desirable" areas, provided remote work remains viable in the years to come.
    2
  45765. How many people owning multiple 7 figure Properties are going to start selling off some to cover Short Positions? I don't have a clue but it's likely only the Beginning. Cash flow matters. Obviously, Cash flow in general is dropping. I did good in 2008. O Debt, decent Cash flow. I'm saving up for about 2025. Live low, love much, Save Large, be good, help people out through hard times ahead.
    2
  45766. Before 2008 it was expensive...then there was a half price sale for almost 10 yrs
    2
  45767.  @MichaelBordenaro  you can never say never.... history has proven that
    2
  45768. I can't wait for all these rich people to go nuts because they won't know what to do when shit hits the fan.
    2
  45769. Love your videos bud.
    2
  45770. Congratulations 🎊 3 yrs. Love all your info.
    2
  45771. After taxes this year after getting married I’m wondering how im able to pay anything
    2
  45772. Could a person live on one of those boats yearn around? How much is harbor rent?
    2
  45773. You should pay for flood insurance.
    2
  45774. Marin (or any place in the bay area) does not have California-like or Florida-like beaches you may be used to. Also, from what you've said in past videos, the politics there differ from yours, something you've warned your viewers about...moving to a place with incompatible politics. Prices are very very high as well. Personally, having a relative there we visit frequently, it's way overrated. I lived all around the bay area, SF, east bay, Palo Alto for 8yrs college and working yrs and couldn't stand the place. Now it's an even worse shit hole. It does have lots of natural beauty, but that is the only thing I enjoyed about it. L.A....don't even consider that complete catastrophe. I'd suggest you explore some of the beach cities in north county of San Diego. I bet you'd like those more than Marin.
    2
  45775. Open Door is still sending offer letters in this area
    2
  45776. Walked away from a contract last week. Investment company owned property who kept deflecting the potentially multi-hundreds of thousands of dollars of issues to some patches the previous owners had done. Offered us a few K in cash, so we said "nah thanks" and we walked.
    2
  45777.  @MichaelBordenaro  Thank you for your feedback. stay awesome
    2
  45778. I took a chance on someone to help me with my investments and they lost $100,000 for me. Hard lesson learned.
    2
  45779.  @MichaelBordenaro  Yes it does. Studying ways to invest and take responsibility of my own future. Retirement is looking different now.
    2
  45780. That 600K average price in NYC includes parts of Jersey. People moving to Miami are mostly living in Manhattan or Brooklyn where you're lucky to buy a one BR 600 sq ft condo for $1 million. So Miami seems like a bargain. I was a RE agent there for about 11 years until I left and moved to FL just over a year ago
    2
  45781. Only $400000?
    2
  45782. Great videos. I spent years in the PCB area but now live in California. I am coming back in next few months. Just trying to decide where. Love the West coast but there’s something about St Augustine I really love to. ( probably my love of historic buildings) Maybe you can check out Amelia Island area for me. You are doing a great job. Thank you 😊
    2
  45783. Yes ! Thank you !
    2
  45784. If it doesn't feel right it isn't right.
    2
  45785. I prefer the west coast as well. It’s a lot more laid back.
    2
  45786. There will be owners who will end up holding the bag, be glad you got something out of it.. like someone else said, it could have ended last summer.. look forward and have no regrets
    2
  45787. Great info thanks ttfn!!
    2
  45788. DOM (days on market) of 270 days says, "no body wants to take me out" 😂😂 You will RIDE the price down as the DOM gets bigger....
    2
  45789. Michael, can't believe you're in Marin! I moved from there 20 years ago to NYC. Go to Marin Joe's in Corte Madera and say Hi to my brother Andy who's the valet there these past 25 years. He can introduce you to some of the heavy hitters who can give you the inside scoop on Marin including the real estate. Their Caesar salad prepared tableside is the best in the Bay Area. -Ladi
    2
  45790. Travis and think it’s very good conscience back to Travis’s point yeah I think investors will probably do that because I know that you’re your educating people do you know about finances in real estate and you know what a pain we’re not paying out all the pagan put yourself in a negative equity so mean that’s good
    2
  45791. Two of my favorite YouTubers. I can't ask for more. This is bonkers!
    2
  45792. Usually with “affordable” condos comes high HOA fees
    2
  45793. It’s still regional in Florida. Here in Miami inventory is minimal so the homes stay high priced forever bc eventually someone buys. Tampa Orlando and Jacksonville different story many more homes available much more land. So those areas will drop much more.
    2
  45794.  @MichaelBordenaro  I agree on that one! Haha much love man thanks for your videos
    2
  45795. Rocket mortgage changed their policy and will only pay their agents at closing. That is bad news.
    2
  45796. Thanks 😊
    2
  45797. All that Vitamin D is a really good thing... I need a minor miracle but I’m going to spend the rest of my life in Florida. I’ll learn the diff between South and North etc... The way you describe places is foreign to me. Time for more research. I know what I want in my surroundings. Just need to get as close to that as possible. Your Videos are the Best on here. 💕🤷🏼‍♀️
    2
  45798. The Phoenix market is an Orwellian greed freak show. The sellers in this market are completely delusional and out of touch with reality. Virtually everything is overpriced by $150K. Complete idiocy.
    2
  45799. Apparently the interest alone on the national debt is $1 trillion. Good time to be a bank it would seem.
    2
  45800. It's always been a battle to earn a decent wage.companies vs workers. Workers throughout history have sacrificed there lives to fight this cause. Any one who works 40 hours a week should be entitled to have a place to live,etc,and it takes a good wage to accomplish that.
    2
  45801. Most houses appreciate in value more than condos. Too many rules in condos not everybody even wants all the amenities if they have any. No privacy. That's what security systems and guns are for.
    2
  45802.  @MichaelBordenaro  not with this inflation and wage gains
    2
  45803. Michael, I certainly hope that no one buys put your condo complex and forces you and sweet Lisi to move. I know you love it there, but it sounds like powerful companies have the ability to do that. Would you guys move out of Miami if that happened?
    2
  45804. The government should focus more on problems like homelessness to protect us tax payers and the people that are home less, rather than puting our tax money in any international investments nobody knows about!
    2
  45805. McDonald's is 100 billion Corporation. The wealthy owners will have to make it work with less profits. You never mentioned what they make. That's because that's all secret information. They don't want you to know
    2
  45806. I think the cat was pregnant!
    2
  45807. I like the idea high rate low price
    2
  45808. The dog just pee bombed the video, made me laugh, at a subject that's not so laughable.
    2
  45809. In NJ every home is 10k+ per year... so even if you pay the mortgage of 500k+ u got to come up with 1k + per month in property taxes
    2
  45810. Interesting in Miami to look at Brickell and downtown. Citadel and Microsoft employees haven’t even started to hit yet.
    2
  45811. thought, in UK there is limited land thus limited places to build homes for people to purchase and live in, perhaps government making more properties available to new home buyers so they don't have to rent their whole life. have no knowledge but sometimes my thought too many landlords in an area also not good.
    2
  45812. You do know they are always in a drought and did you see lake Meade lately?
    2
  45813. Cheap can misnomer. Some of the homes cost well into 100,000.00 $ unless you buy that house cash . You have to pay the house payments on top of that what you call cheap rent. In reality depending on your situation the space rent on top of the houses payment it could be more monthly then buying a reg. house.
    2
  45814. Sound advice. I'm so tired of renting. Idc what the market does, time to buy and maybe rent out a room for cashflow.
    2
  45815. I love you Michael but $200k plus $75k minimum for land, plus permits, septic tank etc etc. You are better off moving to Central Florida for $300k. No?
    2
  45816. Thank you for this content. You are very level with your analysis. Glad I found you.
    2
  45817. I feel they are only going up & so I am buying a place in Florida city even though it's a bit shady. I still don't want the possibility that price may go down & be upside down on a mortgage.
    2
  45818. You are spot on ! Based on your reasoning, Govt should be involved !
    2
  45819. I work virtual and in mortgage industry ..I'm a Loan Officer, sales is different since our job is based on production...snd numbers of closings. Yes on one hand the only thing that people that are not caring about their job and slacking off will show in their work ethic regardless If they are working virtual or at work regardless of what industry...i feel if people cannot properly manage their time at their job..then they need to find another industry ...We've had people leave regardless of being at work or virtual Ive been in the industry for many years and also had my own small mortgage company I am naturally hard working. I know the industry can very busy or it can be slow...from experience..the people that know the industry..to take advantage of opportunities when we can. I totally agree with what you say on your channel and follow you ... I work with people finances all day so adjustments and sacrifice many do this to accommodate and save even if its to rent a room or two in their home.. The 80s when rates were high 14% to 17% I live in southern California back rhen values were lower compared than today so even though rates were high people could afford the payments and debt to ratio qualified. Today if that happened ..eventually ...the terms on the loans will have to change to be amortized to 40 years so that homeowner can afford the payment ...I think some countries like Japan does 100 year term. Because if people are feeling the pinch...something has to happen to stimulate the economy. 10 years ago FHA ans VA loan limits were too low and wasn't as popular especially in high loan limit areas like Coastal Beach areas and San Francisco Bay area etc...no one wanted to bring in a lot of cash ...didn't make sense when they could do a conventional loan. When the market crashed ...the government had to make changes for high loan to values...and Harp loan products. (values that were upside down) and loan modifications. I personally don't think the government will allow a mortgage crash ...because .banks won't lose money and reduce foreclosure. .they hopefully learned from the past honestly if it was so simple ...this would have happened months ago I would be still interested to know which way this is all played out. I will continue to listen to your channel and find out. TY 😊 🙏
    2
  45820. Hi I'll be a first time home buyer, should I wait to buy a home? Or buy now? I'm looking to buy a house in Las Vegas.
    2
  45821. I think everyone should have their freedom by choosing which Car they want. There are people like Jeff Bezos outside who owns Superyachts, and those yachts burns a massiv amount of diesel and are much worse for the environment than a gas powered car.
    2
  45822. Fed screwed up for 10 years and wants to fix it in 12 months. Shameful!!
    2
  45823. I enjoy yourcontent and also watching the beautiful scenery as you walk!! I just love Florida!!
    2
  45824. Pensacola was founded 1 year before st augustine but a hurricane wiped out the Spanish that year so it was abandoned so the weather is a factor there. Miami is 80s thos Month - December 2021!
    2
  45825. Is there any chance that you can focus help me out as far as to the New England area not out west or south
    2
  45826. Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do. --Steve Jobs[][][]
    2
  45827. I live in Minneapolis. Listings are way over priced.
    2
  45828. I hate Florida I can’t wait to move up north I been twice
    2
  45829. I bought a bit over 2 years ago. Selling now and making around 60k. Moving to Orlando with that money and some more I got in my savings, to rent actually and sit around until I see a good deal I really like. No rush here. I WFH anyways and can afford paying 2K easy in rent. I’m not going to move a finger until I get what I want. Patience is key.
    2
  45830. Thanks!
    2
  45831. If it is info coming from the WHO, then it is definitely not true.
    2
  45832. I am with Lilipop. Not a big fan of driving on the sand myself, just because I have enough problems keeping my cars healthy and myself healthy operating them. I was in Daytona for spring break and again on business 5 years later. Both times, it just had no character of its own. It was just a host to the wants of visitors. Of course, I did not have a job or a life there, so who knows. Also, as I mentioned in your other video driving on the beach has a rich history in auto racing that goes back to 1903. So if you are a fast car person, that could be a big thing. I can't keep from messing up my cars, or getting arrested or injured in them, here in the most boring state. Thanks.
    2
  45833. Whats up Michael
    2
  45834. Traffic is bad everywhere.
    2
  45835. Michael, you know what pisses me off to the extreme, it is people that are super greedy. 🤡😠💩👹. Reap what you sow!!!
    2
  45836. Oh, hi Lizzy, nice to see you again ! 👋 Wonderful nature, and you guys even saw a crocodile, wow ! 🐊
    2
  45837. Thank you for putting up the map in your videos!! I can't believe how many comments you reply to every day. You go above and beyond .
    2
  45838. 💙from a granny
    2
  45839. Wow, Opendoor stock is down to $3 already..
    2
  45840. As calm as things have been, DESPITE the numbers of this economy not making sense, it feels like the calm before the storm. There is so much gaslighting, denial and delusion, I think the next time the economy burps, it's gonna be a real stinker.
    2
  45841. You should come to Oahu as well....Del and I take your wife and you to dinner....
    2
  45842. Its coming
    2
  45843. After the Mid-Term elections the Dems will hit the eject/self-destruct button and crash this plane into the ground.
    2
  45844. Did they raise rates today?
    2
  45845. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 You Nailed it on so many points. Thank you Michael for putting together today’s video. Hope that you are your family are doing well. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  45846. CONDOS = MONEY PITTS !
    2
  45847. Love this walking tour. How beautiful this town is. Thanks Mike. We are so saddened by what happened here. It's just unthinkable. But truly, this is beautiful.
    2
  45848. Thanks! Great video Michael🙌
    2
  45849. The FOMO of ABNB buyers is nothing short of laughable. WTF are they all thinking….the stupid good times last forever?
    2
  45850. Three months ago my Redfin favorites would be gone in several days, my total favorites would never total more than 10 as homes would sell quickly. Today, my favorites are near 60 and maybe 1-2 favorites sell a week.
    2
  45851. I had to laugh at an insurance company named "American Integrity."😂😂😂
    2
  45852. So... you say when houses will become unaffordable people will just decide not to buy and this will reduce demand and lower prices? 🤔 So... where all those people gonna live? They will rent. And the rent prices go up when house price go up. It’s not like purchasing aTV. “No.. too expensive . We will wait for sale price. “ Houses and cars is something people have to have. Low price or high.
    2
  45853. I did not like the new angle lol. I didn’t know what to do when I saw you on the left side all of a sudden 🤣😂😊
    2
  45854. Yep I would take DOUBLE!!!!!!!!!
    2
  45855. moms UBI
    2
  45856. PEOPLE WANT TO BE IN A PEPETUAL NETHERWORLD
    2
  45857. U live sorta of close to Florida keys . I know it’s more luxury and second home types but can we see how things are there .... I miss the Keys I guess ‼️‼️
    2
  45858. One video reported FHA loans at zero down.
    2
  45859. Good educational video.
    2
  45860. Yes. Met a woman today with 2 kids that moved into her BF hunting shack because she could no longer afford the rent she was at. Even applying for govt assistance she still couldn't pay the new rent fees. The rise of the scum lords has begun. Once they lose out on getting those rents they will see the light. Something is better than nothing.
    2
  45861. Poetic
    2
  45862.  @MichaelBordenaro  good to know. Thanks!
    2
  45863. Tom Bradys's Tampa Mansion Is on the market for $12.5mil 😉
    2
  45864. Thanks as always with the walk and talks, Michael. Keeping me grounded and my headspace in reality
    2
  45865.  @MichaelBordenaro  oh wow!! Haha!
    2
  45866. Checking every day :) I do see many more listings. That's a great sign.
    2
  45867. Casino economy. Priceless!😊
    2
  45868. I like watching Nick Johnson too! His songs are hilarious! And he's willing to drive ANYWHERE
    2
  45869. I've been watching your channel for a while now. I've been a commercial construction superintendent for over 30 years, recently retired. Commercial and residential construction in your area is sub-standard to many requirements I've had to work with in S. CA as well as other places. The Miami people have little more than junk to buy. Let me explain; The worst building materials in both sectors. Cheap foundations, electrical, plumbing, HVAC, and roofing. You guys are getting raped.
    2
  45870. I’m pretty sure I commented this on your last video Michael, but correct me if I’m wrong but not once not a single time has Biden said that every day Americans are struggling. In fact, he keeps just saying the economy is the best it’s ever been and I’ve created so many jobs and my son said they should call me job Joe.
    2
  45871. Makes me wonder what St Augustine will do in the next few years. That sleepy town blew up so fast it seems it will become sleepy once again. Only time will tell.
    2
  45872. What website would you recommend where I can see these stats? I am trying to find out which cities In Florida went up the least.
    2
  45873. tick...tick....tick....tick....
    2
  45874.  @MichaelBordenaro  understandable , any recommendations who still does ?
    2
  45875. Greetings from Costa Rica and Panama.🏖 Maybe I've lived in Central America too long. I don't see any significant number of people sitting outside, or walking around, your walk arounds. Here in Central America, locals and expats are sitting outside, out and about walking around, and socializing. I see Miami, as a million dollar ghost town.
    2
  45876.  @MichaelBordenaro  You’re welcome, definitely agree! Should be interesting to see how it turns out.
    2
  45877. Man, you're scary me.... why are all R.E. videos on a downstroke, debbie downer, is life worth living ???
    2
  45878. Michael, you were close. Worcester is pronounced “Wister”
    2
  45879. The fastest growing homeless population are senior citizens that are on fixed incomes. It is CRIMINAL! I hope Fink and Blackrock go bust ASAP!
    2
  45880. Nice work bro🤙 That’s why I live on both coasts 😎🤙
    2
  45881. That is nice that rent is better option than buy the house. What abut people, families which can`t afford rent? Ending on the street?
    2
  45882. lumber falling usually signals a recession, according to a guy named Michael Gayed. the party line from the white house is what you heard parroted by those economists 'nothing to worry about', but what else could they say at this point? if they can't turn consumer sentiment around then it's toast for all the bubbles built up over the past 15 years. can't say I'm sad to see it all come crashing down under Brandon, tho.
    2
  45883. Hey Daniel can I have your email buddy . I want to buy a website from flippa but need mentor to help me in buying any good sites.
    2
  45884. Remote Workers have exposed themselves as "Not necessary" by many large companies. Bank of America canned 25% of their remote workers (mostly white males) because business was still running and costs were down. It is a trend that will only grow.
    2
  45885. Hello Mike, Great content again. I look forward to your videos. Thank you
    2
  45886. 😱 Have you seen Ikea furniture prices lately?
    2
  45887. Well. Shoot. Guess I should've bought into FOMO last year. P.S. What I've seen over the last few years.. nothing makes sense anymore. Why wouldn't prices go up with 10% rates. In the "well that doesn't make sense " environment we've been in.. that's very possible.
    2
  45888. Very good .....Have you considered a e bike or e scooter ......I have been checking out Miami for a small one bedroom place that is nice ....Miami seem to have a lot to offer , But I may be too old I am a retired senior and I do not like all the congestion . I live in Boca townhome now ..looking for a condo in a walking area that offer nice stuff . When I am ready I will contact you for a referral
    2
  45889. I just saw this video I was wondering if you work with people that are looking for a 3 month lease in the winter months we live in upstate NY so just wondering
    2
  45890. Great video in a beautiful place!
    2
  45891. St Pete is one of my favorite
    2
  45892. Keep speaking the truth, the sheep will learn about this crappy RESET soon!
    2
  45893. please provide link or date of video of old Panama city video. appreciated 🙏
    2
  45894. wow!!! Really!!! And I thought home sellers were innocent cherubs of absolute truth-telling… GTFO!
    2
  45895. I recognize one of the towers in the background- Akoya. That one is such a beauty, I always wondered what it would be like to live in. I hope it's in much better shape than some of the others we've been hearing about in the news lately. I do suspect that actual skyscrapers like that one are subject to much stricter standards/scrutiny when it comes to design and construction than their smaller counterparts, because they could do so much more damage if something were to go wrong. Someone here on Youtube posted an old real estate video showing a Champlain Towers South condo, it looked like such a cute place to live. Those poor, poor people, I hope we at least learn something from this that will save other lives.
    2
  45896. Loved this video
    2
  45897. Woah road trip to Sweetwater
    2
  45898. 7:00 The forbearance was a set up. Mortgage companies know they’ll make money in the long run. Looks like he’ll pay 4x the price of the original mortgage. He should have kept paying.
    2
  45899. Hyperinflation Nation is here folks! Now it coming out mainstream wise the economic folks. Brandon hired have little no experience in economic literacy what so ever. 🤦🏾‍♂️
    2
  45900. My brother is in the middle of buying a 2nd home for 400k. I tried to talk him out of it as I work for a big bank and deal with all of the shennigans. He isn't listening to me oh well
    2
  45901. Very beautiful there Michael, thanks for sharing the beauty in California. Love when you show us the Golden Gate Bridge. Good you are staying through November, because we are steaming here in FL, ugh!
    2
  45902. I have been getting mailings from Opendoor. They will make a cash offer in minutes. I choose close date. They estimate $267-326,000 for home I paid $175,000 for 30 months ago (12/2019). Same home by same builder is now $358,000. In Ocala, was looking for something closer to the beach.
    2
  45903. INFLATION just go up again in this JUly 2024 ,,, OMG ,, it is hard to live ,, It is hard to get the Jobs ... No wonder people is losing their home now ,,, who know how long ... i can see NOW is same is 2008
    2
  45904. Do not Cave to the 1% noise. That is the whole Problem! Peace My Brother!
    2
  45905. It's not just fraud. It's fiefdoms everywhere. Turn an eye local and it's really out of control.
    2
  45906. First time I heard someone say what I think, big companies buying up all our homes should be against the f&$& law. Why doesn’t the government ever back us up? It’s stupid. Where can we raise our voice on this?
    2
  45907. Been a while since I've seen one of your videos Michael. You look really good, I'm glad you're taking care of yourself. God bless you and the name of Jesus Christ (John 3:16)
    2
  45908. dude I love your channel but how can you trust anything that comes out of powells hole. Temporary, transitory.. these people are notorious liars..
    2
  45909. I do have eyes on Sarasota for moving and buying a local apartment in 2024 at end of 2023-2024 school year in Eden Prairie. Sarasota would be better city to live in rather than staying in Minneapolis which has deteriorated due to incompetence from state and city.
    2
  45910. All I'll say is the institutional investors have cheap money too, and they're chasing yields anywhere they can when interest rates are that low. I think the interest rates going up will push many of them out of the housing market too.
    2
  45911. 😲
    2
  45912. Yes I did man! Thanks, this is was an Interesting video. 😀👍🏾
    2
  45913. THANKS🌻👍😊
    2
  45914. Hurricane just hit Nova Scotia...
    2
  45915. Mr. Michaels Bordenaro, I would like to say thank you for putting a really good educational video that will definitely help others to be cautious when they are making online purchases.i hope everyone will realize just because it is a legit company scammers always seem to wiggle there way into people's pockets because we become trusting and think nothing will happen to them because we happen to be on a website that is a legitimate site . We have to remember to shop like everyone is out to scam us and trying to make us a lot of unnecessary work trying to get what was taken from us and the work it takes just to make sure it doesn't happen Again. Thanks for your help educating the public on a safe way to purchase items online. I subscribed to your channel, hit the bell, and commented on a great job. Keep making great videos......
    2
  45916. It’s your channel Michael, but when a company called Fractional wants to buy your YouTube channel expect to be paid a fraction to produce what THEY want—not what you’re putting out.
    2
  45917. Employment is the 1st domino. The interest rate isn’t enough to curb. Oil price is heading to $100/barrel, currently it’s $90/barrel. Jerome is leading from the rear, I don’t see soft landing in 2024!
    2
  45918. I DESPERATELY want a crash to happen, not even to buy a home (of course that would be nice!) but just so my family can afford to live something other than paycheck-to-paycheck!
    2
  45919. A lot of real-estate agents and like politicians greedy and liars smdh. Great video otherwise Michael.
    2
  45920. Your grandparents were charming.....
    2
  45921. Wow Mike I have the same dream I live in small town kentucky it's very poor here no jobs nothing I've been putting off going to FL for over a year this Feb I am.pulling the trigger thanks
    2
  45922. That's why I never miss any of your presentations, Michael. You don't sugar coat the truth.
    2
  45923. Awesome tag team brothers.
    2
  45924. I know the economy sucks and the cost of living is higher, but people sure aren't acting like it. There are still lines at Starbucks and fast food places and consumers are still buying luxuries at the supermarket. It's going to get a lot worse. If I had a family I wouldn't be planning a vacation for next summer.
    2
  45925. I’m the same - wanting to be on my own after problems at 9-5 over and over
    2
  45926. OMG , hopefully you are ok .
    2
  45927. I’m so glad I found u! U have been giving me more and more information. I know where I want to go and look to move since I have been there in Jensen Beach in the past- thank you u r great !
    2
  45928. I don’t understand how people can dispute the fax and half truths as you say. And several months from now they’ll still find a way to spin it to make it sound like everything is beautiful. Things don’t go down overnight. It’s taking 50 years since Nixon took us off the gold standard to get to where we’re at now but things are happening exponentially now and the pace is picking up quickly.
    2
  45929. If people need a 750-1000 sq ft home, there are quite a few in the St. Louis, MO metro (St. Charles, Arnold, Fenton, etc). I would say wait a little longer because prices are coming down, but there are a ton around here. I'm looking for a 2,500-4,000 sq ft house and those are still a little too outrageously priced so I'm definitely waiting.
    2
  45930. Allot of people are planning to stall the economy because they see themselves inheriting from their deceased relatives. I hear this allot that they plan to quit working thinking they have it made in life. Surely they think one less person holding a job means less trouble for themselves. It’s like several million all think like this they don’t need to hustle to survive that they can now sit back being lazy like couch potatoes and their health won’t deteriorate on them.
    2
  45931. Great Info! Appreciate it ❤
    2
  45932. My mortgage company must be desperate. They called me with a number that bore their name on caller ID. They wanted to “offer me” a re-fi to get cash out of my equity! I laughed, I told them if I re-fi from my three % rate and pull cash out I’d pay four or five times as much in interest paying off the new loan as I would get cash!
    2
  45933. You're sounding nostalgic about Belvedere Michael
    2
  45934. I am getting ready to sell my home. A home just like mine just sold for 740,000. The big difference is this house has a 3 car garage and deck mine does not. My house has a 2 car garage and no deck. Another key point is the house that sold the roof needs to be replaced. I had my roof replaced 2 years ago with a brand new upgraded roof shingles I am supposed to meet my realtor next week to discuss a strategy for selling my home. I am wondering if I should bring this to my realtor’s attention
    2
  45935. Michael Bordenaro not at all. I DO understand why you weren’t talking in that exclusive neighborhood though. I figured it was so you wouldn’t draw attention to yourself and take a chance on one of the neighbors seeing you film houses and then call security or the cops.
    2
  45936. More great advice, I totally agree , You were smart and lucky that your wife and you have the same responsible money management skills. Yes pets can be very expensive in the Boca area all trainers are at least $100 dollars per hour...It take financial discipline and good money mangement skills which few people have. Back in the 1970 cc card were very strict , a good credit balance limit was like $200. Back then people use to be able to charge items and return for them cash...That has changed, home cooking due to the pandemic i became a much better cook due to youtube. If you follow all the directions and seasoning the meals come out amazing. Meals like Clams and Linguine with wine sauce is very easy...
    2
  45937. Hats off! A+++. Could not have been easy. All those ppl at mall in middle of the day. Wow. I guess they missed the memo of the recession
    2
  45938. The clouds in Florida are the best part of the state
    2
  45939. Thank u
    2
  45940. The key to play the market is Patience, if experts are saying the market is coming down, and we depend on the market movements, then it's coming down, they don't make it happen they just state the obvious! But, the obvious is not so obvious if you don't know what to look at! And also, specific to you situation, bottom price at top interest rate for some homes is not always to best deal!
    2
  45941.  @MichaelBordenaro  Marshes are natural barriers to save us from flooding, they probably shouldn’t be building in a marsh…
    2
  45942. They would fine you if you Farted in the wrong room of your house if they could ,. I would never buy a house with HOA ! Never Ever F*** HOA Love this Channel,
    2
  45943. Great show. What about legal problems?
    2
  45944. My coin shop said silver supplies are very low. I just paid 4.25$ over spot on 10 ounce bars. They were out of 1 and 5 ounce bars.
    2
  45945. I cannot believe that Fort Pierce is putting the squeeze on people this way. Criminal!
    2
  45946.  @MichaelBordenaro  in the past I had a list for myself to note distances and times to frequently visited things like laundromat of my place didn’t have washer dryer, closest car repair or hospitals for emergencies etc
    2
  45947. I hear a lot about North vs South Beach... but what about Mid-Beach?! There's a few properties I'm looking at there, and I feel like maybe it's the best of both worlds in terms of access and quietness??
    2
  45948.  @MichaelBordenaro  Yeah I noticed there's a huge amount of hotels in the area near the beach. It's all a lot to think about still. I have time to decide. haha Definitely not buying in this market.
    2
  45949. The plaque would look on the right side of the joker as you're looking at it. Leave enough room for the next one. :)
    2
  45950. The even scarier part is the unrealized gains tax. Your house is worth 200 k more this year? Now you owe 50 k taxes. No sale necessary.
    2
  45951. 5:41 California Stop :face-green-smiling:🚔
    2
  45952. This is definitely going to affect the housing market.
    2
  45953. I am hearing of pay increases in other states. Florida is lacking...they need to increase their pay...
    2
  45954. Too much greed out there and people will be out in the street and what are the federal state local governments going to due about the problem probably nothing and bank’s private businesses only care about making a buck and don’t care about the country !😊
    2
  45955.  @MichaelBordenaro  my apologies if I already asked at some point but do you have any videos covering Wimauma?
    2
  45956. Very nice to not see a high-rise there, can't wait to visit the area someday. as always, great to hear useful info while watching your videos.
    2
  45957. I waa there this past Mother's day. The vibe was great. I go to Pasa Grille every time I visit Tampa
    2
  45958. If you remember, the banksters crashed the economy in 2008 by crashing the real estate market FIRST.
    2
  45959. You re right, the home for sale at 8:40 is garbage, for $1.299 million! You can buy a really nice home in Cinti, where I live for$750k and have $550k left over!
    2
  45960. I am in Alameda county, this law is really bad
    2
  45961. I like your videos and I like when you go all around but I would think it's important to tell people all aspects the good and the bad when it comes to those condos a house is a much better investment
    2
  45962. Hold that girls hand everytime you get the opportunity. Let her hold the camera lol.
    2
  45963. An option is a unilateral agreement which is different than what most transactions are which are bilateral. Options can benefit the buyer in case they do want to back out but it can also help a troubled seller who is having a hard time selling and it helps bring a bigger pool of potential buyers. In an option, there usually is a privilege that comes along with it and usually the seller or wholesaler will charge an option consideration fee of usually 5 to 20k.
    2
  45964. First!!! Keep up the great work Michael
    2
  45965. Hi Lizzy, nice hair style, love from Montreal! 💘 And remember you two look marvelous darlings🎉😊❤!
    2
  45966. I hope he told him to pound sand!
    2
  45967. Great video and view of Denver, Colorado. Did you drive there or fly there?
    2
  45968. Hopefully they come down more in St Augustine would love to get something there!
    2
  45969. Perhaps the real estate will erode until total collapse? And there will be no private properties in Florida anymore because of rising sea level?
    2
  45970. Glad Robin listened to you and didn’t buy a condo in your building, after she sold hers. Sounds like she ended up with a better deal! Will you and Lisi be staying? Thanks for yet another great video!
    2
  45971. Your home hopefully becomes an asset when you sell it
    2
  45972. It is sad to see these condo buildings not being taken care of by these condo associations don't do their jobs of maintaining them and fixing them up.
    2
  45973. The more you give in , the more you will lose. It is worth to fight, but together with all others
    2
  45974. I have sent you an email concerning a land selling in USA no reply :(
    2
  45975. Under 300k lol i guess USA is finally less expensive than Canada. You wont even get a 1b+1b for that price trying doubling it and then you will have a 1b+1b
    2
  45976. High rises in the back ground,,,,no thanks.Those prices are out of control.Very small lots,no garages,no thanks.And next to the freeway,NO THANK YOU.
    2
  45977. Unfortunately, there are ppl who will watch AI video. I'm sure there are even ppl today who would watch a turd being flushed.
    2
  45978. bay harbour island
    2
  45979. If people knew what was really being done, they would revolt. There would be no place on Earth these politicians and banksters could hide.
    2
  45980. I live in cape coral and we have been so dry rained maybe 4 times in 3 months
    2
  45981.  @MichaelBordenaro  I am aware of that. I just don't think it's happening quit yet. I do for see rates continuing to rise until or beyond the point where employment is affected.
    2
  45982. Gold and silver isn’t a scam but these companies charge way above spot which make it hard to profit unless you hold 20 years. A stock is the price ( bid/ask) not x above spot. Gold and silver is a hedge not an investment (and it’s shiny)
    2
  45983. Just throw a subscription on different cards
    2
  45984. I've been doing Fresh N Lean a few years now. Meals are really good.
    2
  45985. Great
    2
  45986. It's overpriced by 1 million go to 98 prices that's where these houses should be selling at
    2
  45987. At least they are starting to clean up there...
    2
  45988. So they bought a home to rent it out for way less than the debt service? That’s dumb. Must not be their money invested.
    2
  45989. I still don’t understand the logic behind the thinking of relocating just because you remote work! 🤖What guarantee did the companies gave their workers!? With so many people unemployed companies can easily replace employees even with less pay. I also think there is another issue at play here ! That’s privacy of so many clients who’s information is not kept safe if people remote work out of who knows where? Has anyone taught about that ? For example when you call your bank and hear dog barking or kids crying or even party going on in the background! Sorry just had to say it! Remote work is not for every company or everyone , it is not professional and I think companies realize that by now!
    2
  45990. Happy New Year to you. Your data-driven opinion has always been Good Advice. Thank you.
    2
  45991. Recently paid off my last credit card. Got my credit up over 800. If I need liquidity I’m much more likely to reach for a loan with a fixed interest rate than my credit cards. I made that mistake I’m the past. Never again.
    2
  45992. Nah I’ll take the reality thanks. Similar I see the writing on the wall and those around me oblivious to the tightening cycle we are about to go through. Videos like yours made me realize to wait on buying my first million dollar plus house
    2
  45993. hi what about jupiter vs. naples for couples who loves going out to eat shopping life but quiet beaches and gated communities having hard time making decision
    2
  45994.  @MichaelBordenaro  thank you Michael I agreed Jupiter has a lot more to offer 🌺🌴🏡 that’s why cost 😬 waaaay mooore thank you again you are amazing love your videos
    2
  45995. "You will own nussing Lebowski, nussing!! You will eat ze bugz!!"
    2
  45996. The collapse of the dollar is underway.
    2
  45997. Come to La
    2
  45998. Oh yes, ppl work at home and can move now.
    2
  45999. Remember the film Demolition Man, where all restaurants in the future are Taco Bell?
    2
  46000. SFRs in the poor working class parts of LA are currently selling for 900k!
    2
  46001. Rock on!
    2
  46002. Great job. I love your videos
    2
  46003. Love that scenery
    2
  46004. Remt it out.. and.let someone pay your morgage.. don't sell at a loss
    2
  46005. Super fun! What a great little discovery! Wondering... Why do they need to ship in the sand? I didn't know beaches did that. I've been watching a lot of videos on Miami lately and I heard you don't have the big sharks there. Is that true? I hate sharks so that would be a real win for me lol Thanks again for the great video! I'm enjoying Florida from the comfort of the couch till I can come visit!
    2
  46006.  @MichaelBordenaro  Oooooooh. Now I know! Thanks for the lil education! And YAAAAAAAY!!!! We have great whites here in freezing cold water! I'll gladly trade! lol
    2
  46007. Being a landlord is rough I have friends that do it. If you can afford a management company to handle it is best. Don't forgot there are tons of tax advantages of rental properties. Thx Mike.
    2
  46008. Where are all those sellers, I don't see them at all ??? On the other hand, the inventory is shrinking
    2
  46009. It looks like a hydrogen economic bomb went off at silicon bank. The shock waves are spreading across the country. The fed has no clue what Their doing
    2
  46010. Thank you!!!
    2
  46011. Sell the HOUSE 🏠
    2
  46012. They thought that things would bounce back like before but oatmeal for brains had us shut down too long, shut down half of our oil production which made inflation jump the gun, now add to it an open border.
    2
  46013. Why is there no one on the beach?
    2
  46014. I am so happy you and Lisi don't have to deal with Milton. 💕
    2
  46015. It's just math. A $500k loan was $2200 at 2.5%. And a $250k loan is $2200 at 8.5% Half off is what people will be able to afford.
    2
  46016. Thank you so much for your videos, Can you please make a video on Best (safest) neighborhood to live in Miami, young couple? (quiet, safe, trendy, not too crowded, not too expensive to buy a house, ocean front or in land? )
    2
  46017. How is the temps in Miami? Is it as hot as it gets? Or is there more.
    2
  46018. Hi Micahel. Love the videos. Can you tell me what is the typical minimum down payment percent that is usually required for properties around Miami? Does it vary?
    2
  46019. I have not lived in a high rise in more than 20 years and now live in a mostly low rise midwest town and thats where I plan to stay.
    2
  46020. Can’t get that money out now we are paying for all that stimulus money…..nice!
    2
  46021. Nah... I Don't think so... The thing is, the west shot up sooner than the east side .. the west always trends sooner, then the shift happens to the east side. The ripple effect will hit the east. My opinion. But that's how I see it.
    2
  46022. “Only 17 million” 😂
    2
  46023.  @MichaelBordenaro  Under 2% of Current Worth in ORD..
    2
  46024. Money printing is the reason prices are so high. Long term investements have spiked in general like the stock and real estate market. I don't think it is sustainable.
    2
  46025.  @MichaelBordenaro  Sounds like a beautiful day! I heard it was 37 degrees in Jacksonville yesterday.
    2
  46026. You and Lizzy must be so shaken. Please take care.
    2
  46027. These guys are great! Most cogent analysis of the housing market on YouTube.
    2
  46028. Great!
    2
  46029. Love your video man!
    2
  46030. Michael, what do you think about a price reduction and changing agents with a different marketing approach to sell quicker. Especially in a slow market. I had that experience when my house was slow to sell. Curb appeal, staging and targeting sellers with good web content to generate more interest.
    2
  46031.  @MichaelBordenaro  Hi Michael, West Palm Beach realtor here. I share your opinion that if the pricing is correct, then no fancy marketing is needed. BTW, great content!
    2
  46032. Boyscot FEDs, problem solved! They are the culprit behind all the manipulated economic crashes, inflation, and financial bubbles.
    2
  46033. No...this is something that needs to be said NOT BECAUSE I follow all you say as the way to go about things but because you are exposing the magician acts of deceit and providing a insight to correction of righteness...
    2
  46034. Saw on another channel that zero hedge has an article ; biden push good credit homebuyers subsidize high risk mortgages. 😡
    2
  46035. Grew up there not much to do then seems to be even less now. You caught the square on a good day… didn’t see any panhandling going on. Yes it gets humid there and it does get hit by hurricanes
    2
  46036. I don’t understand these companies that make good profit and pay cheap. I would pay good workers more than they could get anywhere else so they stay and become experts in the company and do a better job.
    2
  46037. the UK market for buyers is too expensive especially with the prospect of non housing inflation and interest rate rises.
    2
  46038. James Bond exit from the gulf. niiiice
    2
  46039. Thanks Mike! Hope all is well 🙏
    2
  46040. I don’t trust AI anything gov can manipulate with no resistance nope.
    2
  46041. I hear plenty of talk about financial conditions TODAY. No one talks about what happens when millions will have to start paying on their student loan debt. You can get rid of credit card debt in a number of ways. The only way to get rid of student loan debt is by making your payments.
    2
  46042. There has been no pivot. Rates are still rising. A real pivot is when rates go down, not decrease.
    2
  46043. There's lots of 'cheerleader' channels. We like you because you give it to us straight! No sugar coating. Don't change, please. When do you take off on your road trip?
    2
  46044. Don’t worry, Miami will get hit once finance gets hit
    2
  46045. You should check out yt channel Aaron Clarey. He’s wrote a book on worthless degrees and focuses on the topics you mention in this video
    2
  46046. I heard you said “Revenge Travel”? Yeah!!
    2
  46047. The tenants should have paid the rent!!
    2
  46048. “Some of these places aren’t really that nice, .....ya know ?” Sooo..... frickin funny 😂😂
    2
  46049.  @MichaelBordenaro  oh that’s perfect temps! 😊
    2
  46050. The Freedom Influx. 😉
    2
  46051. Free= inflation…. UBI = hyperinflation. Why would the government roll this out? Bankrupt the system so they can rescue everyone with CBDC.
    2
  46052. When will the crash happen? Timmy C Arizona
    2
  46053. Nobody will buy does unit for 30 Million , LOLOL Miami is not LA nor NY. Give me a break.
    2
  46054. Is there any car insurance that does not insure EV's?
    2
  46055. I agree with you completely,. Anyone with half a brain will too. The solution is to get rid of the left. Period.
    2
  46056. La Baia is being developed on your first empty plot...
    2
  46057. 02:53 1997 Land Cruiser Collector's Edition!
    2
  46058. I will not take a SPEC of equity out of my home. R/E ebbs and flows with market cycles. Be in for the long term. Must locate other means to fund retirement accounts. !!!!
    2
  46059. Gregory Mannarino moved in recently. Cool guy bet he would chat you up
    2
  46060. Why does the government NEVER do anything to help the end user ?
    2
  46061. Should visit Forest Hills Gardens
    2
  46062. Michael, you're NOT a moron, as you give great advice here. But the word does remind me of that classic scene in "Blazing Saddles" (1974): "You've got to remember these are just simple farmers...these are people of the land...the common clay of the New West...YOU know...morons."
    2
  46063. Good video again thanks.
    2
  46064. What a Miami ripoff:Old houses for three times the cost we'd pay for in Orlando ! Over here $400K buys you a brand new 4 bedroom home with pool.Often furnished and only one hour to many beaches. 10 minutes to Disney / Universal parks if you know where to look.
    2
  46065. Gracias guys as always great information , gracias
    2
  46066. I really appreciate your videos. Keep it up. Come walk around my town of Jupiter, FL someday.
    2
  46067. Even in the sellers' market if properties are priced competitively as you suggested it goes into a bidding war. The seller and their agent can put in an offer review (due) to intensify the competition.
    2
  46068. Mike, You Forgot to Mention the New York City MTA Contrasting Tolls entering Downtown Manhattan! Same scenario as the Boston Commercial Tax increase! And it Passed! Charging Tolls to Enter Manhattan! And if one City does it, Other Cities will have it Too.
    2
  46069. The bright side of waiting a couple more years before I can move somewhere better is all your current/future informal videos about the housing market Michael. Thanks for all you do to try to keep us safe.
    2
  46070. Michael Bordenaro i read more middle aged families are moving to florida now than before so its not all old people depends where youre at
    2
  46071. Incomes will not go up in the future as globally. the United States is already unable to compete. These homes will sit empty and unsellable until prices drop substantially
    2
  46072. The real estate market collapsed, volume wise.
    2
  46073. Isn't that when the noseeums come out.
    2
  46074. Are you still a sales associate or broker
    2
  46075. On FOX I saw it takes 40% of their GROSS to pay mortgage😝 .Only going UP Taxes+Ins..😁😁😁😁😁😁
    2
  46076. Caveat emptor!
    2
  46077. 12:45 Wow! No sunglasses! Lol, just kidding, 🤣. Congratulations, Mike!
    2
  46078. Everything is a lie
    2
  46079. Biden did not have the power to write off student loans Congress has the power
    2
  46080. The DC story sounds like stupid. Federal employees in DC. Which does not surprise anyone
    2
  46081. You were brave walking past that duffle bag that someone left on that bench. Someone will eventually call the bomb squad out.
    2
  46082. I want my home "value" to go back down too! Since I have no plan to move, I don't like paying property taxes on an inflated number.
    2
  46083. selling snow to the snow man (the Perry guy)
    2
  46084.  @MichaelBordenaro  Walk a Dog Too.😁😁😁😁
    2
  46085. I told Michelle about Dan sometime back
    2
  46086. He is a fan
    2
  46087. Great insight, Michael. Thanks for the research.
    2
  46088. I agree with you but until someone Sue’s them by showing this data is highly correlated to protected classes, they will do it.
    2
  46089. You have to vote for Commissioners that will lower the millage rate or at least go with the “roll back rate.” The “roll back rate” is the millage that will bring in the same amount of revenue regardless of the new assessed values.
    2
  46090. They had a report three years ago, and they found that the pool was leaking, and the pipes under the Kool Decking too. So that is what was going on, at least partially. It was on the news today.
    2
  46091.  @MichaelBordenaro  I was only telling you to comfort you, since you said something about seeing if this was just something that happened there, or if all the high rises have similar issues. I hope you find a house to move to soon. We all want you to have a nice home!
    2
  46092. Do you own an MB?
    2
  46093. Express VPN should guard from this ...??
    2
  46094. Fed knew what was to come of this mess decades ago, Hell they helped create it, them and world central bankers.
    2
  46095. I think the wildlife is actually nice.People are afraid of what ? snakes ? If you live in a n urban area it is mostly cement ,one rarely sees a snake.Low pay, yes but the cost of living is lower .
    2
  46096. Why do you need 100,000 to get that service of the check mark from You Tube?. You Tube should do the right thing and help us all by giving all channels a way to not to get scammed. Thanks for all you do Bro. I loved the Venice video for the information it gave us. My Florida dream is not dead but the cost of Florida is making me be more cautious of moving there. I will definitely be doing serious cost analysis. I'm not wealthy but I do want to live in a place where my money goes further. I need to leave a comment on that Venice video as I'm seriously considering Florida for retirement.
    2
  46097. Nietzsche said "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you".
    2
  46098. Great Job - love your videos!!
    2
  46099. Hey Michael, you doing good job I watch your videos and I’m always learning something new and i have a question for you what do you think about housing market in Fort Myers Florida after the hurricane if this can affect the standing house after we lost mini houses in the hurricane time and thank you for your hard work
    2
  46100. I thought most of these buyers agent contracts had time limits. If you don't purchase in a set amount of time the contract expires and the buyer can get a new agent. This gives some protection to both sides
    2
  46101. One of the main reasons why seniors like me are unable to get affordable housing. Facing homelessness as landlord sold the house and new owner wants me out. Never not paid my rent and realty corps not helpful at all
    2
  46102. Congratulations on your 5 year anniversary
    2
  46103. I’ll be ok all i need is a credit card😅
    2
  46104. Corporations shouldn't be allowed to buy residential housing how can a regular person compete against a corporation with a 5 billion $ war chest
    2
  46105. The crimes in DC are spilling over to the surrounding metro area.
    2
  46106. NO, no, everythings FINE !!! ha ha ha, Yah keep telling yourself that. 10% by june 30 th. RUN FOREST, RUN, nobody can STOP the RESET, you cant get off the RIDE NOW.
    2
  46107. They don't want you to know anything about money because when you don't have control of your finances you are still stuck in the Matrix and don't have any freedom. It would make sense for this stuff not to be taught in public schools because if the population is well educated, financially free and healthy they are extremely hard to control. The biggest key for me has not been increasing my expenses dramatically even though I've had a dramatic increase in income over the past 3 years. Its mandatory in my eyes to build wealth. You need to be making at least a few hundred grand a year in order to truly experience what I consider a good life in the USA and be saving/investing a considerable amount of money each month.
    2
  46108. I personally think the price will drop back to 2019-earlier. Many companies are trying to pull their "remote" employees back to offices. If the employees refuse, the companies will target them for layoffs by the year end and perhaps continue to chop off "remote" workers into 2023. It doesn't make any sense if you commute daily between Atlanta and Jacksonville when remote work is not an option, and if you choose to work remotely, you might not find the jobs and pay rate that you can afford your life style, then you move closer to your job. All kind of surprises might pop up during this inflation, and the Fed is still leading from behind to curb the inflation. Another reason is buyers now see their power by pull back and wait until they see the sky is clear blue. Like you say, we'll see!
    2
  46109. Happy Thanksgiving Michael.
    2
  46110. A very pretty place 🌴
    2
  46111. Hi Michael. I just came upon your channel. I am a native Miamian (56), and I cannot wait to move out of here due to the uptick in severe hurricanes (As you get older, you don’t want to have to white-knuckle every hurricane season!)traffic, and high cost of living. Before you and your wife arrived here, it was a quirky but charming Southern town. My husband feels the same way.
    2
  46112.  @MichaelBordenaro  Exactly! There are different meteorological trends, and unfortunately, we are in a new reality. I survived Andrew. a Cat 5, and my goal is to never endure that again. We have had more serious hurricanes in the last 15 years that were only supposed to be once-in-a-life- timers! 😬 I was 26 when Andrew hit, but things are different now, and I know it’s time for a change. Please continue with your videos and your thought process. It challenges me to think and ask questions about my own relocation within the next two years. P.S. Do you know anything about the state insurance reform bill that wants to put home owners on the hook for roof replacement due to hurricanes? The bill aimed to pro-rate the amount the insurance companies have to pay even though their own policies state there would be full replacement value. I think the bill covers roofs only for 10 years. Also, the banks require full replacement value as part of the mortgage contract. This is a huge factor! We just replaced our roof due to Hurricane Irma from 2017. We had to use a public adjuster. At any rate, please know your efforts are appreciated.😎
    2
  46113. Here's the thing, these lenders are so leverage out that they probably are waking up in the middle of the night with the hebe-geebees because that margin call is the 800 lb Gorilla and the problem is they just simply don't have the loot to cover it said call just like in 2008. The value on alot of the real estate in damn'er all the markets are gonna down the poop chute and most of those people who have bought in the last 2 years are going to have to walk away because if these small lenders are in trouble, then you can bet your ass the banks are in trouble also AGAIN. Listen these clowns that are up on the hill rigged this a second time because they got away with it the 1st time in 2008.
    2
  46114. I think New Jersey is doing the right thing. Countless businesses have gone out of business because of remote work. We can’t hide at home forever. Time to return to normal, in my opinion.
    2
  46115. Road trip, YES, can't wait!!!! Safe travels Michael!
    2
  46116. You are the best man!! Love your videos. Any guidance for getting into this real estate market is appreciated. God bless!
    2
  46117. $500 is a lot. Put it in gold for a few years or silver. It’ll atleast keep up with inflation for several years as well make some hains
    2
  46118. Michael. Im not in the market to buy a house. Hopefully you have some more Neighborhood videos coming up
    2
  46119. I’m sorry you don’t give out your locations. I noticed that most of the streets that you video on are too narrow, to be able to parallel park in all of your videos, I’ve only seen one street where you can parallel park and not block traffic. What do people do for wedding, birthday parties? You mentioned how people in affluent neighborhoods are parking on their grass. Well, where else can they park, if there are more than two cars in the family. I call it bad management from the City Planners, who approve the widths of the streets.🤓
    2
  46120.  @MichaelBordenaro  ... or maybe you are. Jk. 🤣
    2
  46121. Great getting info from both sides of the coast and seeing those renting and keeping cash piles is a warning sign of what is to come. All the signs are flashing red!!!
    2
  46122. You hit the nail on the head. The US economy WILL collapse, it’s just a matter of time. There is no desire in DC to make the necessary changes. The coming collapse will be worse than the Great Depression, IMO.
    2
  46123. Another honest video from you Michael. Good work!
    2
  46124. I love your reporting Michael. True, accurate and to the point. Awesome how some people choose not to see the reality: this is one big game of age of empires, and if you don't learn to play the game you're nothing but a sim. Keep up the great work. We appreciate you man! 💪🏼👍🏼
    2
  46125. I disagree - the people who run this country know exactly what they're doing. They take their orders from above, and things are going according to plan. The controlled demolition of the American economy.
    2
  46126. What happened to the fraudster? Jail?
    2
  46127. ​ @MichaelBordenaro  Kids are grown and off to college : ) Anything opposite of Miami. We were thinking Oregon or Washington state. I need the weather to be nasty, cold, gloomy, give me all that with some hills, and this Cuban boy is set.
    2
  46128. The villages are not private you can pull up to any gate and hit the red button and it will open and you can drive-through any neighborhood you would like.
    2
  46129.  @MichaelBordenaro  I will do that, when things calm down. Mask requirements all over the place here in CA, and you have to wear them on the planes. Add to that, lots of cancelled flights. Makes me want to drive over there instead. Maybe...
    2
  46130. I gave up on applying for jobs on indeed, for the reason you spoke about. I was receiving fake job offers, I even received an email from indeed warning me about a particular company I was communicating with. You can't trust anything these days.
    2
  46131. thanks for the videos from fl keys
    2
  46132. Inflation is down but the fed isn’t primarily concerned with that. They’re more concerned with rental prices. That’s the reason inflation is high. Until we see housing prices and rental prices come down, nothing will change. Rates are still going up by two or three basis points even with inflation forecast going down
    2
  46133. its genetics. I started in early 30's too
    2
  46134.  @MichaelBordenaro  Thanks for taking the time replying, Mike.. I've noticed some, too (in my early 30s), but I'm pretty into health, and have read that it's a sign of zinc imbalance. So could be something to do with zinc/ copper. Just thought of this, you said you stay up late (I do the same), but that could further greying with the artificial blue light. You may have heard of the neurosurgeon Jack Kruse, he's big into the benefits of sunlight and the toxicity of blue light.
    2
  46135. If I wanted to sign a least for two years, would I be able to get a discount and how much do you think it might be?
    2
  46136. Is sad the new units are so expensive. The average person having a good community is basically the most important thing if you want a nice peaceful society.
    2
  46137.  @MichaelBordenaro  Yes, was a scorpion, I saw it's outline at the bottom of the pool, and thought - 'no way'. Well, got it out, and, yup, it was. 2 inches long or so. Looked it up on google, and found there are 3 different types of scorpions in FL, one, the hentz striped scorpion, is said to be found in nearly all of Florida and appeared to be the trespasser in my case . Good to hear that you have never seen one, I've not asked around if others have seen any here. A couple days before finding the scorpion, thought I spotted something in the pool skimmer, closer inspection was a small snake the was caught in the water flow. Appeared to be a baby rat snake. After the scorpion, found where the screen door had a gap when closed. since remedied.
    2
  46138. It’s so funny to see you in bad weather since it always looks perfect there ! Even the hedges
    2
  46139. Thank you for all the timely Intel on R/E and current financial condx. in our country. These videos are really Helping viewers understand what is actually going on in our economy. Michael , you are providing the TRUTH !.....Godspeed..
    2
  46140. Hopefully with enough support you can move to Cali and help people move there
    2
  46141. Yes. I would like to see a video about the pros and cons. Thanks
    2
  46142. Good because I don't even have a checkbook anymore 😂
    2
  46143.  @MichaelBordenaro  I hope to be back to Florida sometime this summer. The humidity in that state can be tough. How long have you been investing in those things you mentioned overall? In what way do you invest in real estate? Do you have any tips on investing in real estate without much capital or no capital up front at all? Thank you buddy. 👌🏻
    2
  46144.  @MichaelBordenaro  That sounds like a good deal you got going. So, are you both a landlord and a real estate agent in Florida? Did it take you years to save up the 20% to buy your rental property? It just seems to me that, since most people live paycheck to paycheck, that it would be a big challenge for most to do that. 👌🏻
    2
  46145.  @MichaelBordenaro  I’m glad things are going well for you in FL and in real estate. To buy a rental, do you have to have any special licenses or certifications to do it? How many rental properties do you have? I wouldn’t mind buying 1-3 house rentals in my life and just live off the monthly passive income for life and the house appreciation income too. It seems like it’s an easy thing to do once you got a lot of cash in the bank to invest in, have good credit and know the ins and outs of the real estate business. 👌🏻
    2
  46146. INVEST in gold silver crypto the us dollar is about to crash
    2
  46147. Some good common sense thinking
    2
  46148. let see what scam deals every dealer will be giving away in september, HOLDING OUT IS KEY NOW, the longer the better for anyones CASH, you dont have cash, VERY FOOLISH, MUST BE INTERNET BRAINWASHED BY APPS AND PLASTIC.
    2
  46149.  @MichaelBordenaro  I agree!
    2
  46150. So State Farm doesn't want our money, oh well! I guess there is California Fair Plan, except, its not very fair!
    2
  46151. I loved this video. Was my sentiment exactly. All this hopium is causing the markets to rally, businesses to feel confident, and consumers to feel better. All of this only increases inflation and fights what the Fed is trying to do lol.
    2
  46152. I know people first hand that didn’t qualify for a home because of bad credit and the lender would finagle their finances in a way that would qualify them. This is exactly what will happen. Most people with low scores will not hesitate to walk away to make it better on the low credit score home buyer they will go two years without paying their mortgage save all that money up and then walk away after the foreclosure process that takes a decade anyway.
    2
  46153. Right. Sellers slashing prices will save the market, but helocs, equity loans, and credit card debit expoded to all time high in 2021.
    2
  46154. Thanks!
    2
  46155. Bro you look like Gavin Newsom lmao
    2
  46156. Even putting 50% down on a similar home in my neighborhood today, my mortgage would be higher than I locked in 2 years ago with 5% down.
    2
  46157. Is not everything around money. You can make 75% less and be more happier
    2
  46158. Wonder what the petro dollar is going to change anything in America
    2
  46159. Wouldn't hurt my feelings if it fell 70 or 80% buying yeah
    2
  46160. Thanks Michael 👍
    2
  46161. It will get worse when the everything bubble bursts .... few will survive this ... all of this will get far worse (20 years on wall street, 20 as a builder)
    2
  46162. The problem with these condos is that they were built on a sandbar. If you dig down 4 feet there, you hit sea water. The concrete pillars for the foundation don't last long. There's steel rebar in those pillars and eventually the rebar rusts and fails and the pillars become useless. The building will collapse.
    2
  46163. I didn't mean that they only put the pillars 4 feet down. I meant that after 4 feet they are in saltwater. So from the saltwater part to the bedrock part is where things corrode and go awry. Our bridges around here have the same problem. Now maybe with some newer technology, things might be better, but some of the older structures may experience problems. @MichaelBordenaro 
    2
  46164.  @MichaelBordenaro  i know right! i was about to do it today.
    2
  46165. I could see the 50%. Just because housing supposedly gained, how can we know if they are basing that upon asking prices, not closing deals. I don't trust a dang thing being reported currently.
    2
  46166. Love watching you Michael
    2
  46167. Something going on 😂😂aka bikinis on bikes lol
    2
  46168. First I don't think higher rates will reduce inflation in this environment. Second, I think the Fed will not lower interest rates this year. Third, Biden needs a roaring market to be reelected. It The market must go down to accomplish a roaring market in the months before the election.
    2
  46169. Full blown Ninja loans are back too.
    2
  46170. 21:36 you should have a side logo with a leaf blower. 😆
    2
  46171. Is the water warm in January
    2
  46172.  @MichaelBordenaro  so as long as it feels warm I’m good
    2
  46173. Collateralized debt obligation will cause the next big crash. Keep you powder dry.
    2
  46174. Michael, you guys should buy a "pop-up" trailer and just take off for a few months during the summer. Camp at the state campgrounds in NoCal. No property taxes. No rent. Be free and mobile.
    2
  46175. Yooo.... I take my kids to that playground..!!! XD hahaha ... nice to see you on the neighborhood
    2
  46176. Ho-hum just waitin' round here in NE FL until things get a little cheaper. A little claustrophobic right now where I am but I have cash and time (and also a primary home in SW FL, albeit rented M2M with a 2.8% rate, I can move right back into if that doesn't happen). A bit irritated how screwed up everything is right now, though, I'd really like some acreage. Most everything I see is still wildly overpriced.
    2
  46177. Agree. Also important to explain Florida's homestead exemption & snowbirds.
    2
  46178. Please reply how do they know your house is on a sinkhole
    2
  46179. You’d imagine real estate near water will hold and increase in value the best with time right?
    2
  46180. More listings in Volusia county 32168 People are learning how to live on cheap bourbon instead of food. Re: pre- nuptial Include if your spouse gets cancer needs lifetime care...you are out.
    2
  46181. Who tf is spending 14,000$ a month to rent a house? Isn’t the avg income a month like 4,000$?
    2
  46182. Also - not to rain on the parade - did you hear about the recent tax for Floridians who BUY electric cars?! Yes. In the state of FL, we will be taxed for buying an electric car and not sticking with the good ol’ ethanol, fueled cars. WTF?!
    2
  46183. I'm all for the 4 day week, even if we need to work an hour or so more per day. I have been working remote from home for 10 years! Its great - i love it so much that I have given up opportunities with my employer just to continue on at home. Now I am almost at retirement.
    2
  46184. System is build on deception so of course even been lied
    2
  46185. Spy? People are posting every aspect of their lives online for anyone to see. It's not spying to look at public info.
    2
  46186. could have been worse if there was a mediation clause
    2
  46187. 9:03 It's not muggy because the temperature is much lower. By many standards, it's always cool in the beaches of California. And when you think about it, it's really not that humid either. The absolute humidity in California beaches is much lower than Florida. In other words, 73 degrees with a 66 percent relative humidity in Hermosa beach is in reality a much lower humidity than 85 degrees temperature with 75 percent relative humidity in Miami beach. You can literally see the difference in how it feels. In your screenshot you can see that the temperature feels like 71 in Hermosa, and 94 in Miami. That's a 23 degrees difference, hence the mugginess you're talking about.
    2
  46188. Of course these companies are price gouging us, we need a good recession to drive prices down.
    2
  46189. Days on market , price reductions , and back on market are becoming more and more common. I think the market is way overvalued I blame sucker buyers in a frenzy. I am solidify on the side lines , especially with obiden in office. Oh go see 2000 mules before you buy might change things for you.
    2
  46190. Late watching this and to comment. Crazy day for me. Great video with many good points made. I move often and have rented my entire life and learned that the “renting” vs “buying” argument will never be settled. People on both sides have good points to make from their individual perspective. I’m certainly on the “renting is better” side and have never agreed that renting is throwing money away. For me the American dream is being debt-free and living the way I want, where I want. Simple I know but I’m a simple man. - I feel a song coming on with that comment.
    2
  46191. Like I have been saying; the speed at which inflation will change in the future will decrease so the percentage will come down. However, the inflated prices will remain. Why? The amount of dollars printed during the pandemic was astronomical.
    2
  46192. You are biden Harris gave all the money to Ukraine Israel
    2
  46193. I am a Canadian PNW. I love the coast. I love my home..it's rainforest rocky magic...but...I think I prefer the beautiful soft sands of Florida...looks way prettier.
    2
  46194. I really wish this false narrative about Social Security would end. I know it's not entirely your fault. It's based on a false narrative told by conservative news for years to make people have doubts about if they will get benefits or not. The truth is and I implore everyone to look this up, but SSI trust fund will become insolvent by 2033 if congress does nothing. The trust fund is just 20% of the total SSI benefits that we have. So, that being said. We all will have at least 80% of what we are owed at the very least even if congress fails us and does nothing. I hope this is a small step that ends this false narrative spread by right wing news outlets that discourages so many Americans. Thanks and great videos Micheal.
    2
  46195. This is my 3rd trip around the block and this is going to be bad major problems coming
    2
  46196. Michael you did a fantastic job keeping us inform.👍👍👍🥂🍻🥇
    2
  46197. Michael Congrats on the first 3 years, and more to come.
    2
  46198. Happy Thanksgiving Michael! Thanks for the great videos!
    2
  46199. Like Travis said in his channel, how did you get your hair so cool, Michael?🤣 Great video by the way
    2
  46200. We ref'd last year into the 2's . No way in hell we would move or buy something else unless it is a steal and pay cash for it. Thx!
    2
  46201. 😮WOW good to see you guys together 😊
    2
  46202.  @MichaelBordenaro  Trust Me ..You are in their League !
    2
  46203.  @MichaelBordenaro  i think I’m going to sell my Camaro before I move to FL in the future lol I been eyeing the new Jeep Renegades
    2
  46204.  @MichaelBordenaro  the Camaro is a nice weekend and only sunny day vehicle to enjoy tho 🌞
    2
  46205. Cool playing at the end. Amazing. First time I comment on your video lol.
    2
  46206. What Camera are you useing?
    2
  46207. Hey Mike, nice tank, wife likes the color and made sure I asked where you purchased it. Another nicely done video. Tks.
    2
  46208. Not to mention the lot rent on top of everything else.
    2
  46209. Did you visit Pensacola beach?
    2
  46210. ❤
    2
  46211.  @MichaelBordenaro  I see a lot of sellers suddenly eager to dump their flips in mid-progress or to divest themselves of their less desirable rental properties. Suddenly real estate isn't looking so juicy.
    2
  46212. I sold my house three weeks ago before the dump. Had four offers over asking. Phew.
    2
  46213. Solution slow down this unrealistic goal to meet an unrealistic Electric cars movement. Find out who is behind this push and why. Biden will be dead before the complete transition date is supposedly met. Sending money and manufacturing to foreign countries is crippling America. Hartman book on the unbalance of wealth started with Reagan. Thank you
    2
  46214. I always had a voice in the back of my head that told me 401k is a complete scam. My parents just had regular ass jobs, they have pensions, they don't live rich, but they don't literally have to worry about "... we'll just invest this $ from your pay check into your 401k and put it into REIT aaaaaaaaaaand it's gone." I just never imagined that the market would even be around in its current state or even the country itself when I'm older.
    2
  46215. T-9 months till the major correction happen
    2
  46216. I think you mean "buying a condo." You have the same rules if you rent a condo.
    2
  46217. Bank of America just took a 1.8 billion dollar write down due to credit card delinquencies for the quarter....the car market will be next and then housing.
    2
  46218. You stalking me Mike? Analytics??? You watching my playlist? I’m triggered. BAHAHAHAHAHA
    2
  46219. 14:20, yeah, I saw that coming!! And just today I heard a Federal Judge blocked Biden's student loan forgiveness. They can have fun using that Metaverse lol
    2
  46220. Another great informational video. We bought a house and live in central Florida. Looking to invest later this year if things come down. Do you have any advice on just buying land in Florida?
    2
  46221. Yes the stuff is going to hit the fan
    2
  46222. saw this... "this time is different" lol... A guy I know just got a 30 year adjustable rate HELOC and is celebrating his new debt with champagne and planning to buy a boat.
    2
  46223. Woow Gracias great video
    2
  46224. Good video
    2
  46225. Mike! Wealth effect is dead!!! Lots of people benefited from the stock market casino over the last 15 years and that transferred into higher home prices... That's gone!!!
    2
  46226.  @MichaelBordenaro  Wow! That makes me think that they are just not pursuing it, because there is a shortage of cops. They should still pursue them!
    2
  46227. Why is Florida so expensive for insurance? I am in Toronto in a 2200 sq ft home. My insurance went up 10% from $60 / month to $66 / month, that's just under $800 / year.
    2
  46228. What’s with all the commercials Mike? I thought you said you weren’t gonna involved in that! Literally, every 2 minutes there is a commercial!!
    2
  46229. Some people don’t want kids they want their freedom and I mean not to be a man that have children there are there a lot of work I’ve had the two children they’re expensive but you know what me and my wife just work we managed to raise them in it’s up bad you got to you know when you have kids you don’t have freedom that’s the problem you don’t have freedom I think it’s more about the freedom and it is financial Braddock more freedom
    2
  46230. Politicians act to increase votes, not to improve your life. This means short term solutions driven. Anyone who is profiting in this economy simply has high financial literacy, and are probably rich because of it. During a bull market, especially the last couple years, you could have had no financial literacy and still make money: those same people have lost big now. Companies laying off employees? They were so focused on growing the only way they made money was because of the bull market. Now, they have to make money the same way as everyone else, and for many that means cutting costs or exiting the market.
    2
  46231. I would warn anyone against buying a house right now unless you are selling one at these inflated prices. Call it inflation if you want but the cause of all of this is the feds low rates and too much stimulus. It all boils down t this: 1) interest rates have doubled in the last year 2) home prices are still not far off their record highs. 3) people cant all of a sudden afford twice the payment they could a year ago so it will take a 50% price reduction to get payments where they were a year ago. Now is not the time to buy, the housing market is about to take a big dump !!
    2
  46232. Someone should start a used car dealership selling cars in the $5,000 range. I bet they would make a killing.
    2
  46233. I think for me (I can't speak for other people), this event would not sway me from living in a high-rise condo building on the beach. Knowing what building codes were like in the 1970's, what it WOULD do for me is cause me to limit my search exclusively to condominiums built in 2000 or newer. Also this event helps me to realize the VITAL importance of researching a building's most recent Reserve Study as well as the Association budget. I would want to know how much the Association has in reserves, as well as recent maintenance, and even any deferred maintenance I can discern. Knowing what we know now with the Champlain Tower event, I would be walking around the exterior, as well as through every area of the garage, looking for concrete spalling, water damage, or water accumulation. I think for all prospective condo buyers, what happened here highlights the importance of doing your due diligence before buying in. Don't just walk into a condo purchase blindly, thinking the COA has taken care of everything as they should. Condos don't scare me. High rise condos on the beach don't even scare me. What scares me is moving into a condo situation without first doing one's homework. This opinion is brought to you by someone [namely ME] who is a COA Board chair, who sees all the inner-workings of building maintenance, etc. etc...
    2
  46234.  @MichaelBordenaro  I totally get that, and I'm also one who bought into it blindly, mainly out of ignorance. The reason I bought my condo was because I'm not individually responsible for maintenance costs, and it seemed like a good idea for my single lifestyle. Fortunately though, the COA I bought into has done a fairly good job at maintaining the buildings. The only thing being, it's a very small COA, and the budget is very small. Our COA dues are very low, and as a result, we don't have a very comfortable budget. There is so much I know now that I wish I had known two years ago. I don't regret my purchase, but I left too much to chance because I didn't do the research. I hope the Champlain Tower event wakes people up enough to do their homework prior to purchase.
    2
  46235. Everything revolves around politics.
    2
  46236. Michael, I wish it would get warmer in Atlanta in the winter.......for how far down south we are, we sure get some hideous cold weather.......
    2
  46237. Yeah Atalnta is the furthest south you can get that gets a significant amount of snow.
    2
  46238. Isn’t it GREAT that “SLEAZY CON valley” sent you a mention 🥴🤑
    2
  46239. When I signe in the site .. this message showing up to me " your account is unavailable " so I need help !!?
    2
  46240.  @MichaelBordenaro  thanks 😊
    2
  46241. I know I see dumps going for a quarter of a million dollars . Single story too
    2
  46242. Keep the info coming on those local neighborhoods around Miami. Main reason I watch.
    2
  46243. Don't know why we bother with congress, everything seems to be done through executive order, or in other words dictatorship via a puppet dictator or maybe the mafia.
    2
  46244. beiing e lanlord is not e passive income nonooo..but now the rent are very expensive sooo.. its e choice .. im canadian in here home are gething e little lower for bying it but the rent are very expensive! now
    2
  46245. Great podcast!!! Share your insights
    2
  46246. Using debt to exist. What could go wrong.
    2
  46247. Banks aren’t afraid of risk anymore. They know Big Brother will bail them out down the road.
    2
  46248. The American Dream is to not be an American?
    2
  46249. Probably wont get an answer but just a quick question. Is putting a down payment down on a house always the right thing to do? You've mentioned how its a good indicator of a buyers financial strength since if you are able to put down a 10-20% downpayment on a house you are more than likely buying a house that you can afford. Also it builds equity. But what about if you have the money and had the option not to put down a big down payment. In my case, 'Im referencing the physician mortgage loans which require 0 down payment. I have been putting away money for sometime, I live in jacksonville, and while Im not anywhere close to interested in purchasing a home under these market conditions I was wondering what your answer to this would be.
    2
  46250. Great content. Good insight. I’d argue timing the market is important primarily when buying your 1st property or an additional investment. Otherwise you both sell and buy in the same market negating a good portion of the variables.
    2
  46251. Thank you Carlos!❤🎉 Have a wonderful and productive week!🙏😉
    2
  46252. I used to live in cape coral. It’s really nice.
    2
  46253. Here's an idea, keep your old vehicle and tell the dealerships to stuff it.
    2
  46254. Thank you so much for this video, you rock.
    2
  46255. 63 and zero debt, also invested and working . I figured it out anyone can.
    2
  46256. The biggest problem for the housing market worldwide is this...AI. Why do I say AI (artifical intelligence). The US economy is running hot but once AI kicks in then all those people that think for a living are out of a job! The white collar worker is dead. That means those high earners will dissipate that being said housing has to fall...period !!
    2
  46257. Good insights. Great views (Biscayne Bay?). Thanks.
    2
  46258. found thi s comment , on a YT vid talking about money and CBDC's is this already a thing" in Florida? Kel Wri, /​cbdc is in my Florida bank they changed the name to customer and business digital experience. how can I get around it so it's not acceptable in my area? I have not accepted the terms to the disclosure
    2
  46259. A 3D Home. Stands up to the elements?? A hurricane, a tornado. I dont see this option being very successful.
    2
  46260. Truth is not doom and gloom. Fantasy is doom and gloom in the end. I appreciate the facts and figures you research for me so I do not have to do it.
    2
  46261. I usually agree with a lot of things you say, but I disagree that we will not see 3 or 4% again. When the next recession or crises hits Powell or whoever is in charge will have every reason to drop the % again. This goes especially if a president is in office that puts a lot of pressure on the FED chief. Say they are independent or not, if you have someone on TV every day saying you are causing extra pain by not lowering the interest rate, you will do it eventually weather you want to or not.
    2
  46262. I remember seeing that you can take your car to Mexico and sell it, then claim it stolen. Not sure how that will work out. I suppose you could park it in your garage when you're home so the repo guy doesn't see it. Disclaimer...I never did any these shenanigans.
    2
  46263. How they're Destroying America ---- Let me count the ways!!!! Then, they add the electric cars to the mix - because they have Big Investments in them -- to be-made in China. Where are the chips being made --- oh! China.
    2
  46264. There’s a channel the young Turks here on YT I listened a week ago. I just wrote the whole thing almost and your talking about it. 😔 backspaceeeed 🎉😂❤
    2
  46265. So you could end up paying 1k per month for just insurance. Plus property tax, plus mortgage payment. My oh my 😂
    2
  46266. Cripes, in 1986 people had an effective rate of 19%, with the interest only loans with no caps. I’m surprised the guy who has been in it for 40 years didn’t see the freight train coming. Great coverage, man.
    2
  46267. Condo owner are not part of the community, we owned and lived in condo. Never seen or meet single home owners.
    2
  46268. 7:09 book I'll look at the money on the global spectrum we're 25th as far as the best financial place in the world. But we still have the military to bully around people.
    2
  46269. Properties have climate risk ratings. I’m sure the insurance industry is paying attention to those these days. It’s something buyers should be paying attention to, the realtors I know seem to be clueless.
    2
  46270. If illegals are allowed to buy a house in the US with no ID's or other background check, it could be criminal activity reletad, id cartel drug income?
    2
  46271. My husband is from Florida and we’re probably moving there next year. Love your videos
    2
  46272. The HOAs have always been corrupt with money being stolen by board members. It’s just now being exposed. The condos in my area are experiencing similar issues with reserves. Money be all gone. That’s why condos are sitting on the market much longer. One lady complains about her condo HOA on Nextdoor. It’s been a few years the HOA hasn’t resolved her legitimate complaints. Smh
    2
  46273. Why are you calling it HOA Helen call it HOA Henry? And maybe condo Conrad. ??
    2
  46274. Michael's solution to even the playing field is genius?
    2
  46275. Seems like that was the plan to begin with. Bidenomics in action. They really want a nation of renters.
    2
  46276. Honestly, that neighborhood does not look like a millionaire neighborhood.....it looks working class....that's where you live if you're a blue collar in the midwest......
    2
  46277. Flying is a bit different story here in SE Asia. I’m flying from The Philippines to Singapore next month. My round trip tickets came to just over $200. But if you’re flying from the US to get here that’s a lot more expensive these days. I see guys in the expats FB groups reporting $1600 for a one-way ticket. I paid $600 back in 2016 to fly here, and I’ve not been back to the states since.
    2
  46278. 8:35 These markers are also where all the jobs are in America.
    2
  46279. Michael, we are in a recession and the GDP numbers are misleading as you said. Mid-terms are here & the current administration wants to lie about the economy to convince voters things are getting better. We will see the worst economic crash in our lifetime by next year.
    2
  46280. I wish you would cross the Tamiami trail to Naples and walk around Port Royal.
    2
  46281. WARNING BLACKROCK IS BUYING FIFTY BILLION IN FORECLOSURES!!!!!!!!
    2
  46282. I’m in Sacramento Ca I back out of 3 offers now. All for the same reasons, the amount of repairs was too much to swallow. I’ll never give up inspections
    2
  46283. Coming from Canada, I went to myrtle beach in August and sunbathed all afternoon in over 90 degrees then into cold hotel, back out in the heat, in cold restaurants and back and forth from hot to cold ....I looked like a lobster, burnt and peeling like a banana, in agony and got a touch of heat stroke ...and that was not Florida sun ...I never once burned in Canada no matter how hot it was ....totally different sun l0l
    2
  46284. Jacksonville has THE best deals on houses right now
    2
  46285. It is a different house newly built.
    2
  46286. As always you Are giving practical advice that we need to hear. You are a realest at heart.
    2
  46287. I'm working rt now rt this minute in san Francisco and just saw a young man running with his pants down omg! Metal illness
    2
  46288.  @MichaelBordenaro  great I'll look out for the video.
    2
  46289. 11:09 and California was supposed to fall into the ocean 30 years ago. 🙄
    2
  46290. I really appreciated your video and the information you gave. I’m 20 now studying engineering in the Midwest, I’ve been to Florida many times for long periods like you’re saying and just love it the whole time, I might be weird but I really like the humidity it’s like a breathable humidity as in St. Louis here it’s very stuffy humid. Think I might get a job here for experience and if it’s still feasible option head out there mid twenties or so
    2
  46291. Real estate is about timing. Current situation has too many variables not favored the real estate industry.
    2
  46292. These same people filing for bankruptcy will be looking to be bailed out.
    2
  46293. So price of single house will shot up in Florida?
    2
  46294. Buyers Must have Patience to Stare Down the Sellers. :yougotthis:
    2
  46295. reduced wealth for the 99%, exploding wealth for the 1%
    2
  46296. Out of control is not the Word!! Its Insane .. Pricing out people like me who live here already, and I can't find a home for My family and I. This is mad. We are reaching the End Times!! I can't not even find a rental now. How can income match cost of living?
    2
  46297.  @MichaelBordenaro  heck yeah man. Moved far away enough from the heat but not so far to drive down and visit family. Living that country south life. Winters are definitely colder a lot colder lol
    2
  46298. Commercial will crash or has been crashing, but unless foreclosures go up there won't be a housing crash. I don't think this fee will make that big of a difference.
    2
  46299. Hey Micheal, I think we all need to learn to live in the present and assume no white knight is going to come and save us. What happens if this thing never changes and we are all waitig for something to change in 2 years? As Sun Tzu quoted in the Art of War "Opportunities multiply as they are seized".
    2
  46300. You have Ian coming too. Hope everybody will be safe. They are talking Cat 3 right now.
    2
  46301. Great video. Right on, man!
    2
  46302. The government will take every measure possible in these troubled times to raise revenue. Other than, you know, tax the rich. Warren Buffett's tax rate is higher than that of his secretary (and yes, he wants the government to change that). I pay a higher percentage of my income to taxes than my multimillionaire landlord. These rich folks aren't breaking the rules, but they are making the rules. I had a long phone conversation with one of my former colleagues, who is a professor of economics, and he said the bailout for Signature and SVB have established a legal precedent for depositors who exceed FDIC insurance limits--in fact, he said the limits effectively no longer exists and that the FDIC is certain to be bankrupt within ninety days.
    2
  46303. The biggest seller market is the older population, over 10 thousand people retire every DAY. Many people die everyday and the home must be sold so don't worry about homes being available
    2
  46304. Michael, you just went past the house and it had a sign that said no trespassing and no fishing. Either those people have a sense of humor or they stole the sign. There is no other explanation for what I saw.😀🤡🌭🍺😁.
    2
  46305. Michael Bordenaro @ how's the weather today in Florida? Did the tropical storm move through?
    2
  46306. I think more people are waking up to all the brainwashing and lies. Least I hope so. Great job sir.
    2
  46307. Your videos are very informative. Thanks!
    2
  46308. the taxes paid were real.
    2
  46309. Great video!
    2
  46310. Naples is an expensive place. Lots of retired business owners and executives there, and it is growing rapidly. Traffic is getting bad in Naples, as in much of Florida.
    2
  46311. I wouldn't mind if 10% of the people would leave CA. Give us more room. There's plenty of room in Montana, Wyoming, and the Dakotas.
    2
  46312. another excellent video!! great job mike!
    2
  46313. Sounds like good news for u. Corporate fails and people still have you.
    2
  46314. Like the old adage says “the rich live like the poor and poor want to live like the rich” what worked for me was, save 10% of everything you make. You can live off 90% of what you make just as easily.
    2
  46315. I'm waiting for prices to drop on those small waterfront properties near me. I retire tomorrow at 65, but I obviously wasn't born yesterday 😄
    2
  46316. Love your videos. How about rentals in the west coast of Florida? Pensacola, Destin,etc. Thank you and keep up the great work.
    2
  46317. Watching your videos make me want to move to Florida.
    2
  46318. Gee Michael do you know banks & their lending practices. I guarantee that the bank carrying the 1.9% loan will never ever allow their borrower to rent their primary residence even when hell freezes over.
    2
  46319. So glad you are ok! That was scary!
    2
  46320. If you really think about it, it's about controlling people and not giving us the freedom that we need because with a house that is 100% reliant on electricity to power and heat it up the government can just cut the cord and say sorry you're out of power
    2
  46321. Oh my god... these guys could be twins!
    2
  46322. The hottest November I can remember 😂 sounds like a song 🎵
    2
  46323. Dont be the people who bury the head in the sand then act surprised and need everyones help later.
    2
  46324. I am the granny and I don’t spend much money anyway so I’m spending five dollars a pound for a ten pound fresh fresh turkey never frozen, slaughtered on Sunday after a very good life on the farm locally. Everyone has always brought all the side dishes anyway so that will be the same game.
    2
  46325. Great video.
    2
  46326. Our household income is $220k we can’t afford to get a house. We live in Vancouver WA. We rent for 2k/month. So we are waiting and observing this craziness
    2
  46327. Great tour.. really enjoyed.. appreciate it....please do a walking tour of Miami beach only beach walk tour at sunrise or at sunset someday if possible .... thanks again😀✌️
    2
  46328. They've been good to me. I have bank accounts and 3 credit cards with them. Every bank will have someone complaining. You will have to test it yourself.
    2
  46329. First
    2
  46330. Can't you find a depressed area to walk through while talking doom and gloom? Seeing yachts in the background causes a dichotomy in my brain. 😊😊😊😊😊😊
    2
  46331. I was just there 2 days ago
    2
  46332. God I hope nobody gives the institutional buyers a bailout. Let them suffer
    2
  46333. The problem with rates going up much more is that 2022-23 tax receipts are going to be lower, while federal budget is higher, and lots of government debt needs to get rolled over. Fed Gov is awful close to entering a debt spiral if rates stay high for long.
    2
  46334. Mesa dualllll rec hell yeah!
    2
  46335. This is exactly my situation
    2
  46336. Lonnnng before YouTubers, such as Michael, could vlog about Panama City Beach, it was known as “The Redneck Riviera”. Michael is just saying (outloud) what many people already joke about amongst family and friends. Sorry if you live there and that offends you.🤷🏻‍♀️ PCB does have some nice things about it…like Pier Park and restaurants such as Schooners that sit right on the beach.
    2
  46337. 👍
    2
  46338. Thank you Michael
    2
  46339. Michael, your reasoning that now you can buy a house with 130 ounces of gold only works if gold stays at the same price, but if it drops quite a bit, then what? Sure we all should have bought Bitcoin when it was $5.00, but hindsight is 20/20.
    2
  46340. Sounds like the insurance companies are just trying to kick the can down the road on reform by trying to grab from a larger pool of people. I feel for people who go through these disasters, but as someone that lives in Wisconsin, I don't want to live anywhere else because we are really lucky to not live in an area with risks like flooding, hurricanes, etc. The occasional tornado but it's very unlikely you'll encounter one personally and our homes are built with basements and shelters to prepare for them. We choose to live here because of that reason and to have to pay for areas in the country that I wouldn't personally live in for disaster reasons isn't very fair. The insurance companies need to do better, not grab money from more people across the country when they're already clearly mismanaging what they have already.
    2
  46341. Its called keeping up the the Jones's or in Miami's case, the Martinez's lol.......
    2
  46342. Because the market has been manipulated and it’s Phony I guess we haven’t Learned. from 2008In California that told me right there you don’t have your shit together
    2
  46343. Been an investor for 20 years. I have no clue how to give advice to new investors now.
    2
  46344. I really like Vincent, from Australia and the Scottsville landscape. Vincent had sensible things to say, but not convinced about economic global futures. Connected, but different part of the world. I think it's interesting how the world economy is in disarray for everyone except the elites. Australians have come to hate their politicians, getting worse. Latest is the mis/dis information bill that's no denial of free speech. Really?
    2
  46345. Please show house that are not near the beach. Thanks for the info 👍
    2
  46346. Michael I'm going to leave a few comments, my clients are is richest people in the world.. from the owners of basketball teams to items like Louis Vuitton . The smartest move for an employee who's trying to navigate a raise, without putting themselves in a compromise position.. but at the same time, have the best leverage where the employer will say yes. . If you want to raise yes go look and find another job somewhere else that's going to pay you more.. and then you have to tell the employer wow you got a job offer where did that come from.. . Then you politely say you know this offer is really good I'm thinking about taking it.. your value will then speak for itself and the employer will have an opportunity to retain you with the better offer... that's a little reverse psychology and it'll work well.. . If not your value will be substantiated and then you can really make a decision on your future with the company cuz you now have a full appraisal of your value... . I'm also from the advertising business as well maybe I'll get some sponsors for you so let's talk..
    2
  46347. Thank you! Great job!
    2
  46348. the same thing happened in 2004 and then a crash in 2009, it's no big deal
    2
  46349. The biggest problem is availability more so then cost. Sounds like not doing much. They can give a million vouchers but if no one is accepting it then it means nothing. Then they aren't even paying the sec 8 rent to the owner. There's a scandal brewing in my friend's city bcse the owners weren't getting paid their s8 by the housing.
    2
  46350. Many of the FHA loans that only put down 3.5% will end up in foreclosure. The millennials will stop paying their mortgages if their home values decrease 10% or more and take back their down payment by not making mortgage payments while they wait for foreclosure. Let's face it millennials have a terrible track record for paying their contractually obligated loans. They will call on the trifecta of doom, J3, Janet, Jerome, and Joe to write down their mortgages by $100K+++ if homes decline by 10% or more because it won't take very long to get their down payment back through nonpayment of their mortgage payment. The Obama law was extended by Congress in 2021 through 2025 that if you are foreclosed on your personal home, you will not receive a 1099 for the tax consequences. You walk away without with zero tax consequences.
    2
  46351. Maybe that 16% that are smoking the good stuff are wishful sellers/owners 🤔... Lucy in the Sky for them.
    2
  46352. I sold my house the first of this year. Jacksonville. Waiting. I had another home to move to while I wait.
    2
  46353. No worse than a Fed governor dumping their bonds the day before QE infinity was announced back in 2020. Except this poor sap gets to go to jail, while the Fed governor got a golden retirement. graft, fraud and bombs are all we have left
    2
  46354. Good video. On a tangent, it must be really hot because you can see the heat coming off your shoulder on the video.
    2
  46355.  @MichaelBordenaro  that would be great, I always look for condos on Sunny Isles on Zillow.
    2
  46356. 1% might be good for continuing the bubble... Can I put up McDonald's hamburger coupons as collateral?
    2
  46357.  @MichaelBordenaro  Same where I live near Cocoa Beach so many empty apartments as well it doesn't make sense
    2
  46358. there's not enough supply right now. wait and see after 3 months of rates at 5.25 or higher where the inventory will be at that time. supplyand demand. the price of money goes up the demand for money goes do.
    2
  46359. the houses to people who couldnt afford them, the old 2008, new 2023 people who got vehicles they cant afford trying to pay for them, welcome back 2008, lets all live in our cars !!!!
    2
  46360. google says that they are laying off their least productive people, which is a slap in the face and certainly doesn't make it easier for these folks to find another job.
    2
  46361. I think it was structural. They said ppool caved in then buildings followed. I think it follows that negative inspection opinio from 2018.
    2
  46362. Great advice, thanks you.
    2
  46363. Found your channel a month ago. Totally hooked! Greetings from Sonoma County CA
    2
  46364. In deciding to move, remember the “3 C’s” ... you must make a CHOICE to take a CHANCE or your life will never CHANGE 😉
    2
  46365. Shit. That only leaves ND on my list.
    2
  46366. You always do your homework with the facts and general research. Always enjoyable to watch and learn.
    2
  46367. Great video beautiful scenery good information 👌
    2
  46368. I really think the govt. if trying to keep everything in the economy look as good as possible as next year is the election but I expect things to be bad the next few years , no matter who is the President. We just have too much debt , too much inflation and to coin a phrase "too much bubble" LOL
    2
  46369. Good video thanks.
    2
  46370. Well, the experts will always be the experts! 😅.
    2
  46371.  @MichaelBordenaro  I hope they find everyone too man! I feel for all them. And Yes sir Michael you are so welcome!
    2
  46372. Free sidewalk real estate 🎉🎉🎉🎉 free stuff up to $950🎉🎉🎉🎉 they relocated to SF
    2
  46373. I read all of Robert Kiyosaki early works and also that pamphlet called "The Richest Man in Babylon" many years ago. I've never failed after following those presets on living.
    2
  46374. I get people need cars especially if you don’t live in a major city like NYC or Chicago. But, you need to be aware of what you can afford. These new truck prices especially are insane. 80k+ in some cases for a truck that I feel was priced at half that pre Covid. On top of that you have insurance which is a nightmare if you live in certain areas. Sometimes you need to humble yourself and go with a used Toyota or something affordable. Dealers and banks should know to be tightening credit right now and not being greedy with 30% markups for autos that most people can’t possibly afford given the skyrocketing costs of everything else nowadays
    2
  46375. Impressed with your channel - you & it have grown up in a short time…Congrats
    2
  46376. I normally agree with most everything you say but I completely disagree on the prenup issue. I would be so hurt if my fiancé insisted on one. To me, it would mean that he’s hedging his bets and will leave me if times get too hard. Also, I’m Catholic and Catholics aren’t supposed to get prenups. If they do, it’s grounds for an annulment later because it shows that the couple didn’t understand that they were making a life-long commitment to each other. About the remote work issue: I think it’ll largely be a thing of the past by the time the recession really picks up.
    2
  46377. I love the crash talk. Guarantees it will not happen
    2
  46378. Our host has no obligation to put a positive spin on the RE market and economic conditions. Let those persons tune in to CNN
    2
  46379. Insurance is a fraud; it all needs to collapse and be recreated with better management. Of course, this is only one part of the economy that's going down the drain. Expecting our insurance bill to go up astronomically to cover the losses in the SE US. Own the home outright, so we're preparing to tell the insurance company to shove it.
    2
  46380. 1
    2
  46381. The average American can’t afford to live in Florida..
    2
  46382. Good video
    2
  46383. Before I subscribe....were you born in Florida?
    2
  46384. "Dies otted" 🤣
    2
  46385. Too bad, the condo lifestyle can be great housing and lifestyle solution. We all can’t afford a $1M waterfront SFH.
    2
  46386. Spoiled people that don't know how to sacrifice
    2
  46387. You know, Michael, if you use the "R" word or the "D" word...Pain is Pain !!....Over the River and through the woods to Grandma's house we go ..only ..now Granny wants $20 bucks for each Family member...LOL....Thank you for another good video !...Happy Thanksgiving..
    2
  46388. Goldman Sachs just came out also and said they lost 2.5 billion in stock investing over last 4quarters. Also that view at 15:15…. I’ll just put a tent up and live there like LA lol.
    2
  46389.  @MichaelBordenaro  yeah I’m sure those neighbors wouldn’t care for that too much. Far as GS- they’re the last people I’d want managing my money.
    2
  46390. Gold and Silver…excellent advise…own some! 🔥😎👍🎯
    2
  46391. Send me some listings in that neighborhood. I love it. I can go $350k cash.
    2
  46392. Soft landing?? More like a mid-air explosion ⚠️🛩⚠️
    2
  46393. Thanks Michael
    2
  46394.  @MichaelBordenaro  all I can do. It’s going to be a wild ride.
    2
  46395. I've known this for the last year and a half and it feels so good that I'm going to be able to afford something some quadruplex sexplex maybe a hexaplex for like half a million dollars it's coming
    2
  46396. They sure went up by 50% that quick though.
    2
  46397. Houses sitting empty!!! Thousands and thousands of them through the entire world... mansions... Trickle Down Economics policies are a complete joke...
    2
  46398. I prefer to live in a house in Homestead...surround by tree, flowers..🌹🌴🌵🌲
    2
  46399. Hey Michael, I love your content. You've got it. I live in New Zealand but love Miami. Your walkabout is great, can you walk around the "Walls" its one of my most favourate urban places in the world. I like the deep dive into the houses for sale. The type of fences and color schemes. Why do the front yards have large concrete pavers with grass growing in between?
    2
  46400. This is really awful! I'm glad you and Lizzie are safe. ❤️
    2
  46401. 1 Hotel went through extensive reno, subsequently sister building Roney Palace did the same starting in 2017,presently almost done and prices skyrocketing right now...don't know for how long considering current market !
    2
  46402. Love your honesty and videos thank you 🙏 my friend
    2
  46403. Realtor sharks eating their young to survive. Oh yea, Congrats
    2
  46404.  @MichaelBordenaro  Well, when you do come down this way, you have to check out Coronado Island, which is really a peninsula. Their beach is wide and beautiful. I used to work at the Hotel del Coronado for years, right on the beach. So awesome! If you didn't visit Ocean Beach down here too, that is a great beach area! I lived in both Coronado and later in Ocean Beach. Both great areas! Glad you are enjoying Hermosa Beach!
    2
  46405. Wow, Only way I would spend $1500 a month on a vehicle is if I was living in it
    2
  46406. Well at least our government isn’t letting aid to our own citizens get in the way of funding foreign wars. So thank goodness for that…🙄
    2
  46407. You would be living at home too if you were 20 years old right now let’s be honest. It’s not rocket science.
    2
  46408. Question. Do the apartments come furnished or empty?
    2
  46409. Another great stroll, Mike! Wow! Beautiful houses in such a cool neighborhood! I’m sure those babies are pricey !! Hey, do you actually scout the locations you plan to shoot in? Plus, have you ever been attacked by a snake or a bear??
    2
  46410. I'm starting to think this is the new normal. I think Americans may have to get used to just being flat out more poor. Maybe quality of life is going to go down and a "average" family just can't afford a home anymore, we will need to live 2 or 3 to a bedroom to afford it.
    2
  46411. Look up: shadow stats for TRUE inflation.
    2
  46412. Hoa scams are plentiful in Florida and elsewhere....at least you can prosecute there not true in all states.
    2
  46413. We are surrounded Mike
    2
  46414. Thanks!
    2
  46415. Any success up to this day ?
    2
  46416. Have you or do you still invest and make profits n Flippa or have you stopped ?
    2
  46417.  @MichaelBordenaro  gotcha what platform do you use now? Also since that transaction how many more have you made ?
    2
  46418.  @MichaelBordenaro  ok that’s s platform to purchaser more legit sites and deal with more realistic people ?
    2
  46419. Rent so high in cali the state economy collapsing so hard I think..I'm moving the hell out of this ghetto state
    2
  46420. You couldn’t pay me to live in Chicago. I can’t believe the rents are going up. people are leaving Chicago because of the mismanagement and crime
    2
  46421. You really need to make your home as hurricane proof as possible and elevate the house. It's not particularly difficult to do this, but it won't become common until it is made mandatory.
    2
  46422. Which area do you live? It’s beautiful. I sold my house yesterday and he is giving me 90 days to stay and look for a home. I’m looking to move to Florida.
    2
  46423. 4:24 Cracked me up hearing the Bay Watch music...... LOLOL....Great idea!
    2
  46424. The economy is broken now because of obnoxious government spending and fiat currency. The vast majority of the spending goes to the welfare state, and there’s no chance Americans will support getting rid of that welfare state, so we are literally screwed. The future has never seemed so utterly bleak. We don’t even have a chance
    2
  46425. Totally agree.
    2
  46426. In Florida yes I agree with HOA gated community especially with new built in a gated community. You must be talking about million dollar gated community in Minami. I enjoy seeing nice and beautiful new homes in a new HOA community in Florida. I live in a new HOA gated community
    2
  46427. It's beautfiul. But no thanks. I do not do hurricanes yearly
    2
  46428. Eviction ban + housing shortage jacked up rental prices. Hopefully nice correction coming soon. If housing prices crash, rent will have to
    2
  46429. i woner if the wolrdl economic forum is aware theat 8 billion people despise them. talk about bad karma
    2
  46430. Because does people cannot afford where they are living, that is why the years are a mess.
    2
  46431. Glad we have Prop 13, here in California, so we can keep our property tax low, until we sell (don't know if that will ever happen.) We were able to lower it once, during 2008. Always a great video, Michael! I hope you guys get some rain soon!
    2
  46432. Don't forget that sleeping in public is a biohazard. Where are they pooping and peeing?
    2
  46433. The fact the massive financial institutions like Blackrock can buy and own single family homes is just messed up in itself! How can an "average Joe" compete with a financial giant buying houses in bulk and running up prices. Makes me sick. Then, if Blackrock falls on hard times, the US government will bail them out with average Joe tax dollars!!
    2
  46434. Electric bikes are a good option.
    2
  46435. Buying something that you can sell, you'll get something back. Rent you won't. Those are some crazy prices. I'll go less than perfect for a deal. I'm more interested in land with neighbors out of sight 😂. Had some lulus for neighbors. Apartment would be a nightmare. Why I didn't pay extra on principle I could kick myself. Could've knocked years off paying it off already.
    2
  46436. I really would like to even if I don’t move there! I’d like to diversify and not have everything in the stock market. Is helping to search for good investment properties something you can help clients with as well, even if it’s not in the Miami area? Thanks & love the content!
    2
  46437. Miami-Dade Mayor Daniella Levine Cava declared a state of emergency over housing affordability as rent continues to skyrocket on Friday. Here comes the free shit. What could go wrong. As a first step, the county mayor announced the Building Blocks Program, an effort to use $13.4 million in federal funding for Miami-Dade’s emergency rental assistance program to help tenants struggling to pay rent. The program’s key pieces are: The county will pay up to $3,000 a month to people behind on their monthly rent payments by up to a year; if your landlord raises the rent between 1% and 20%, the county will assist by covering up to 20% of your monthly payment for three months; and for tenants hit with rent hikes of more than 20%, the county will pay a portion of that increase.
    2
  46438. Congrats on your 100K subs Mike!
    2
  46439. Yes keep showing the outrageous houses it blows my mind every time.
    2
  46440. Ignore those dudes.. I appreciate what you do.
    2
  46441. Hi, Good to see both of you. Happy July 4th and try to keep cool. Thanks for your input.
    2
  46442. Lol this house is $781/sq ft!!! For that, you can build an ultra high end house almost anywhere in the country with fantastic views.
    2
  46443. No man not doing as good as I was in 2021 and 2022. And my income hasn’t gone down at all in 2023. $100K before taxes is needed to break even being single
    2
  46444. I doubt anyone made that payment today..it would only take one person going to the media over a bank hassling family members of victims or a displaced resident over a payment. The banks can and should put a hold on those accounts until settlements are made.
    2
  46445. Great News = 👏👏👏
    2
  46446. Many do not produce what they did at the office, they think working remote is working when they want. First it takes a lot of discipline to work remote and majority of American do not have it. I am sorry but I did fire all employees that told me they would quick, >I said OK you are Fired< go and find another job. If an employer want's remote workers is our choice not the employee. I pay their salaries not the other way around. work has been 45% lesser then when at the office. so that is my opinion, want to work remote, be my guest go and do so, but when I pay salaries I tell them what to do not the other way around. So good luck do not let the door hit you in the ass. I will never be blackmailed by anybody, and no employer should tolerate that behavior.
    2
  46447. We should set up Quonset hut villages. The US navy swears by them. They can be transported by boat, easy to build, affordable and great in the wind. They can be tall where the first floor is a garage for flooding. It would be an improvement to mobile home parks anyway.
    2
  46448. Your a brave one! I'm home scared :(
    2
  46449. Congratulations on five-years and over 1,XXX vlogs. Job well done
    2
  46450. 1
    2
  46451. They are going to lower the price because it is overprice and people can't afford the house or it will be sitting with out selling for a long time
    2
  46452. I love this man hes amazing
    2
  46453.  @MichaelBordenaro  examples? I got you: Check this out. There's over 60 apartments/condos on the market on south beach for rent under $1500. https://www.zillow.com/miami-beach-fl/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Miami%20Beach%2C%20FL%22%2C%22mapBounds%22%3A%7B%22west%22%3A-80.14359321509677%2C%22east%22%3A-80.12590391829566%2C%22south%22%3A25.769544812651315%2C%22north%22%3A25.791303150673674%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A5924%2C%22regionType%22%3A6%7D%5D%2C%22filterState%22%3A%7B%22price%22%3A%7B%22max%22%3A453033%7D%2C%22mp%22%3A%7B%22max%22%3A1500%7D%2C%22beds%22%3A%7B%22min%22%3A1%7D%2C%22baths%22%3A%7B%22min%22%3A1%7D%2C%22sqft%22%3A%7B%22min%22%3A500%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22pmf%22%3A%7B%22value%22%3Afalse%7D%2C%22pf%22%3A%7B%22value%22%3Afalse%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22mf%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22land%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Afalse%2C%22isMapVisible%22%3Atrue%2C%22mapZoom%22%3A15%7D If you pick any of them you will see that the rents have dropped to 1300 in lieu of not finding tenants over the last months. Some for almost a year or more. This gives me zero confidence that if I buy one as an investment it may just sit on the market and become a liability with no cash flow. This to me is more than just a couple landlords holding up their numbers. Thoughts? Don't you think the market is just saturated right now and there just aren't that many ppl looking to rent in Miami beach? Thank you so much for weighing in on this. Do you reckon I buy outside of Miami beach at this point?
    2
  46454. Watching sellers in this market is amusing and sad. Many homes were bought as flips, the price increased 75-100% and put back on the market only to sit. I’ve watched a home listed for 181 days @360k change the price to 375k. Comparable homes sold or under contract are under 300k. It’s going to take a while before the reality sits in. Sellers not giving in and buyers not paying the price, all while the fed continues the beatings until inflation improves.
    2
  46455. Great video. I haven't went swimming for a long time.
    2
  46456. More than homestead tax exemptions, she was beneficiary of save our homes act which also pertains only to homestead. Perhaps that was what your referring to.
    2
  46457. 2 plus million.... the grass 😆 🤣 😂
    2
  46458. I thought it was called Fisher Island...
    2
  46459. I keep thinking you’re on rollerskates or a skateboard your camera is so smooth. What camera do you have?
    2
  46460. Oh Michael-My house daddy!!!
    2
  46461. Wow this guy is 🔥
    2
  46462. It is really sad. Good for you Lisa, The good Lord Jesus Christ willing I and the rest of my family will be moving to Florida very soon
    2
  46463. I’m just grateful you’re in a place where you can prosper Michael. I hope to be out there soon the good Lord Jesus Christ willing.
    2
  46464. Put it this way. I still have my Rhode Island plates. I gotten more honks and waves and not any hate or stares. I was at a light the other day when I saw 2 jersey cars following each other. Rolled down the window and said hello. It’s paradise down here and it all comes down to you.
    2
  46465.  @MichaelBordenaro  Jacksonville has more of a country feel than South FL, and does not have nearly the cultural opportunities. Only 1 pro sports ream, and less fine cuisine. It has more of an industrial vibe, and is a huge trucking center due to its nexus of I-95 and I-10. Ponte Vedra is a nice beach area, but further from town than South FL beaches. St Augustine is only 45 minutes away, so I would much prefer to live there and drive to JAX for big city things.
    2
  46466. Here, flips have to have a million permits/plans especially for things like plumbling/electrical/structure so you generally know what you're getting.
    2
  46467. Heads up Michael- you don’t have a thumbs up 👍🏻 option for this video for some reason
    2
  46468. Eating out? What’s that?
    2
  46469. 40 to 55 percent ok increased prices and Mortgage rate almost 5% and more and people's income is same ,, who is gonna buy ,, only Zillow is buying to maintain overvalued homes prices
    2
  46470. Next president shouldn’t cut spending for Americans. Need to cut spending going to Ukraine. Americans first.
    2
  46471. Looked up the rv rates. I'll pay their 100 to 200$ a night rate to stay there any day! I'll enjoy their amenities and all the keys has to offer and then go home. Let the stilt owners pay the high taxes, insurance costs, and HOA fees!
    2
  46472. Biden rather send another 13 BILLION dollars to Ukraine 🇺🇦 for military aid. While Americans suffer especially the Americans from Florida. Smh.
    2
  46473. If I had bought a house years ago and have the ability to make a million I would sell. Move to some country town and buy a 100k shack and wait
    2
  46474. Funny, I just found Michael to have a lot of common sense. I don't like being told what to do, either.
    2
  46475. Put money in cd rate. Wait for crash
    2
  46476. really digging these videos I do not know much about real estate at all but im wanting to get out there..tons of info and its cool to see the nice areas you walk around in
    2
  46477. I took student loans but paid mine back... where is my forgiveness or rebate unreal!
    2
  46478. 18:47 the cash for the 40 year deal is going on in Baltimore as well.
    2
  46479. will go down continously.....im waiting til march 23 to buy.
    2
  46480.  @MichaelBordenaro  Good for you. I can’t handle that kind of volatility.
    2
  46481. Did you see for sale house at your walk???
    2
  46482. Taxpayers in Florida, nice to know where your hard earn money is going too, affordable housing for who ?
    2
  46483. I have a friend who decided to turn her home into an Air B&B. The very first time she rented it, the people completely trashed her place. It was really sad. She never tried to rent it again.
    2
  46484. Love Ya Mann
    2
  46485. Thank You!
    2
  46486. Only way to turn that 30K marriage cost into lemonade is use 25K for a down payment on a new house and spend the 5K balance on a blowout wedding at your new place. You'd disagree Mike but it's totally doable... In all seriousness, the investment property strategy makes perfect sense and should be considered, but wouldn't do that until 2024. You could have that blowout wedding at your new investment property before leasing it to potential tenants. Crazy stuff in CA. Mr Roper would be rolling over in his grave
    2
  46487. Michael, how long until those with vacation homes give in from robbing peter to pay paul and force list or get foreclosed on?
    2
  46488. i want to move to florida really bad.
    2
  46489.  @MichaelBordenaro  well for starters i live with my mom and second i need to graduate from community college. mom would sometimes say negative things about moving out of state. i really want to.
    2
  46490. AI videos : if You Tube goes in that direction I'm out of here. What's next Terminator days ?
    2
  46491. thanks Michael 👍
    2
  46492. There is a dystopian move made in 2105 called High-rise that stars Tom Hiddleston, Jeremy Irons, Sienna Miller, Luke Evans, and Elisabeth Moss. The book by British writer J. G. Ballard is better than the movie (in my opinion), but it really captures the type of isolated world and disconnect from the earth and reality you have living in this type of structure....I will pass.
    2
  46493. If u see the chart bubble on the stock market we just recovered from the ukraine russia crash from 2022
    2
  46494. What's sadder these delusional realtors and sellers. Are still asking top dollar for a home with no repairs done? 🤣🤣🤣
    2
  46495. The propaganda is an illusion for the drooling masses.That's the purpose of all the YA-YA. The way change really works is when a disruptive technology is a magnitude more economical, then it will replace the old. It will be unstoppable, and many believe it's not that far away. It's much closer than it is not. But it will be the economics that decides it. Not a bunch of wha-whas.
    2
  46496. haha the sunglasses is part of you now like that hat for walter white 😂
    2
  46497. Bro, all they do is lie anymore about everything. Say no to mainstream media!
    2
  46498. That’s for sharing
    2
  46499. Oh, hey James
    2
  46500. Michael be careful when you cross on the streets don’t forget to look both ways
    2
  46501. JUST THINKING ABOUT IT .. THE FAMILIES, THE CHILDREN WHO DIES, I'M PRAYING FOR ALL THE FAMILIES WHO LOST A LOVE ONE 💘 🙏...THIS IS A REALLY TRAGEDY 😥...!!!!!
    2
  46502. You two shop at the same sunglasses store?
    2
  46503. In regards to that lady in the beginning, she has attained "escape velocity" (or in her case she was born into it) When either you attain this or have been in for long enough you no longer remember what it was like or can even fathom what it is like not to have money that makes other money. This is just one of the many reason why the elites push that laws they do. It has no effect on them and they believe that if you just work 27 hours a day 9 days a week you can have what they have.
    2
  46504. Yeah its hot. I have been to puerto rico a few times and miami too. Its always hard to imagine hoe hot it really can be but i also lived in hawaii for a couple years and its hot there too. Atleast on or near sea level. There i lived in wahiwa and it was fine since its in the uplands so cooler. Pearl city down to honolulu though hits that hot level most of the year. In puerto rico its san juan that is hot. Reaching the mountains it really chills down about 10 degrees into that warm but perfect level where you dont feel like you are going to pass out every now and again. Lol. Big tip. Drink lots of water Thats what helps with ith. True its no joke itsreal heat.
    2
  46505. agree
    2
  46506. Greednation!
    2
  46507. Just because they didn't lower their price doesn't mean they're not serious some people are just smart and they're just not serious about giving s*** away
    2
  46508.  @MichaelBordenaro  Awesome, thanks!
    2
  46509. So perhaps good to invest now?
    2
  46510. Congratulations with youtube achievement🎉🎉🎉
    2
  46511. Banks are getting tighter about loans so your credit score will have to be on point
    2
  46512. Love your videos! I just subscribed today. 💜 Would you make some dedicated to the “first timers” interested in home buying or apartment rentals?
    2
  46513. Stop giving all your pensions and savings to gambling hedge fund crooks..wake up
    2
  46514. The FED is pressuring lenders to “work with” floundering commercial debt. A 1% decline in the Stock Markets isn’t anything, just machine driven crap. Most of the job openings are low pay retail, can’t pay the rent or mortgage with them, can’t make car payment, car insurance & buy high priced gas with crappy retail job. The prices on housing will go down. You can bet on it, the Fed won’t stop until the housing price bubble retreats.
    2
  46515. Totally agree on your election prediction they need to collapse the economy before the economy will except the new fed coin.
    2
  46516. Been watching your channel for months. Great information. You're spot on with the problems. Bitcoin is the solution.
    2
  46517. This lady could go live in Italy yesterday. If she owns there in CA, sell it, live for dirt dirty dirt dirt cheap over there.
    2
  46518. Taxing the rich is bullsh*t. The problem is the >>US Gov't i.e. the slimy politicians, endless spending and the printing of money. This is what is causing inflation.
    2
  46519. Can you tell me what is the definition of a housing crash?
    2
  46520.  @MichaelBordenaro  That's interesting no official definition but every realtor and economist have been telling us to prepare for a crash the last 2 years. I would agree with a crash being 20% loss in a natural economy but with a manufactured and manipulated economy that went up as much as 40% i would need to see more than 20%.
    2
  46521. This same thing could happen to tiny home owners if they don’t own the land.
    2
  46522. Someone please answer this question: I see a lot of YouTubers talking about a buying opportunity in the housing market in the coming months or year or so. Most of these guys have millions sitting on the sideline and don’t need financing. They are benefiting from high rates compressing home prices. How can the average person take advantage of these “opportunities” if you still need financing. The cost to own the home is the same because housing is only coming down because rates are going up? I have $100k and own a home but trying to purchase a second home in a more desirable area and turn my current into a rental.
    2
  46523. dang Virginia tops the list here
    2
  46524. In 2019, rates were 4%. I don’t see how we don’t hit 2019 prices on the way down. Money is twice as expensive as it was just 4 years ago, and today’s rates are normal. 2019 rates were abnormal. Math eventually has to math! (Orlando voice).
    2
  46525. I will wait untill the middle of 2024. I think better deals will come out. And also 2024 it will be the election year. Usually people when is the election year are not moving or buying anything. Everybody's just waiting to see what it will be happen.
    2
  46526. Perhaps it’s necessary for the crash to happen to get prices under control …. I can’t feel sorry for their poor decisions …. What I do feel sorry for is …. The massive illiteracy problem of people in the U.S. believing all the insane things that they are being told …. Most people just aren’t that smart anymore and don’t seem to learn the mistakes from history . I’m fortunate enough to sit on the sidelines outside of the country while things spiral …. It’s not fun to watch …. But feels inevitable. I am able to get my mother out of the U.S. if she is ever effected …. and know I can take care of her , that’s the important thing …. The other family members are unfortunately going to have to deal with the situation on their own …. Like they say …. You can’t save the world .
    2
  46527. Great video! So glad you went back and checked in on the area from a month ago to see if prices had gone down. I couldn't imagine who was gonna pay $25,000.00 a month in rent for that house! Those lot prices and $70 million home price tags are insane too!
    2
  46528. I bought last December here in florida. And I feel I made a mistake. I feel the housing crash is commimg.
    2
  46529. Redfin and Zillow and Trulia are shills for the landlord owner class
    2
  46530. Impressively comprehensive, lucid, and insightful. Even more shocking, you're both in the real estate business. ;-0
    2
  46531.  @MichaelBordenaro  That's just so crazy. I second guess whether I want to purchase a home down there... Maybe North Beach is the way to go.
    2
  46532.  @MichaelBordenaro  Gotcha. My partner and I are discussing it. I'm thinking south of 5th might be a good area albeit a bit expensive. It's just hard figuring out if we want an investment property or a really nice place for ourselves...
    2
  46533.  @MichaelBordenaro  Understood. My partner is pretty set on getting a place IN South Beach. I'm a bit more flexible in terms of where in Miami Beach...
    2
  46534.  @MichaelBordenaro  That's very true. I'll have to look into that as an option. We will still keep our main residence in Ohio.
    2
  46535. Great info Michael, thanks!!
    2
  46536. There is no more normal
    2
  46537. I first visited Florida in 2000, Easter weekend. Met the lady I got married to. I have another eight years before retiring and I want to leave the cold North for Florida. I'm hopeful I can get enough for my house to buy a house in Florida. I have cousins in Jacksonvilke and Melbourne Beach. The missus has friends in Jax, Naples and Davie. My brother lives in Tampa. The Pirates train in Bradenton. I need to go there and see what it's like.
    2
  46538.  @MichaelBordenaro  Thank you. I will be subscribing to your channel, as I want to keep an eye on the Florida real estate market. It's obvious you put a lot of work and research into your presentations. My house is in a Pittsburgh suburb that has seen residential real estate steadily grow in value over the past 25 years, due to the school.system. We made it through the 2006-08 bubble unscathed. I hope we survive the current one okay. Thanx for the information.
    2
  46539.  @MichaelBordenaro  That's why I advise people to stop exercising and smoke and drink heavily. Also, no seatbelts or motorcycle helmets
    2
  46540. Hope your prediction is right for everyones sake but I truly doubt prices will fall like in 08.
    2
  46541.  @MichaelBordenaro  Thank you! Very excited!
    2
  46542. The evening hues are really nice.
    2
  46543. Still have a lot of affordable house here you should driving more west to pansacolo beach area which is very nice and unexpended.
    2
  46544. Such a beautiful neighborhood! Nice house! Would have loved it they had kept it more period appropriate, especially with the fireplaces, but I understand. Still a great home! Man, those prices sure have good e up! Makes sense though. I have an ex who is a developer in Pensacola. Loves it there! Great video!!!
    2
  46545. It was extremely low rates and quantitative easing- the FED's purchasing of 40 billion dollars worth of Mortgage Backed Securities PER MONTH that created a housing crisis.The Federal Reserve created fake artificial demand to purchase mortgage debt that wouldn't have existed otherwise. People need to realize WHY investors went into real estate: they were chasing yield. Investors didn't want UST trash that was paying 1.5% so they went into real estate. The institutional investor would much rather be maintaining a bond portfolio where you just buy the bond and do nothing vs being a landlord with thousands of properties where you have to collect rent, evict, deal with vacancy, property taxes, maintenance. The Government and the FED caused this. People want a painless solution to this housing crisis, but there isn't one. The damage is done. Rates should have started rising in 2009-10. The addict is now entirely depended on cheap debt... quitting heroin is painful and can be deadly but that isn't the problem.. getting addicted to the drug for 15 years is.
    2
  46546. Problem is... SF is your city if you live in Marin County and thats a big deal breaker. Why not move to the West Coast of FL or the Panhandle and then for Jun/July/Aug do a long term rental/airbnb/vbro somewhere up North on the East Coast or go back to Ill for the summer?
    2
  46547. It's all going to Trickle Down bro!!! Just wait a few more years!!! They are the job creators, don't forget!!! Lol
    2
  46548.  @MichaelBordenaro  Michael,...can you imagine the uproar that would occur if ''heavy hitters'' Gloria and Emilio Estefan decided to move their entire empire from Florida to Georgia or Texas to save money on taxes?? South Florida/Miami would have an official Day of Mourning.
    2
  46549. I hope that fha mtg is still available by late 2024... I might take advantage of that...
    2
  46550. Seems like corporate greed is feeding into the whole inflation issue. Home Depot and Lowe’s are not only guilty of screwing everyone through price gouging but I believe they are probably price fixing as well. We are hostage to all these mega corporations since there isn’t any competition and as a previous owner of a handyman service, they simply got rid of all of us by offering to install their products at prices we could not afford to beat. And then you get screwed because they give you a price to install a floor but they don’t give you the price to put in all the thresholds, baseboard and quarter round, etc. Or they send a fool to do the most horrible work you can imagine. They said to hell with supply and demand and simply said this is what it is - take it or leave it.
    2
  46551. I’ve been saying this ever since I learned your routing number, and your account number is visible on a check WTF?
    2
  46552. Housing is unaffordable but, when 70% of mortgage holders have an interest rate below 4%, they don’t want to or have to sell their homes. This causes low inventory. Let’s not forget all the millions of illegal immigrants that are coming into the country and will be allowed to partake in government programs to get into homes easier than actual citizens of this country.
    2
  46553. California is not a landlord Friendly state 👎 It cost alot of money to evicted The state and county Want property taxes paid But they make laws that make it so difficult to evicted none paying tenants 👎
    2
  46554. This is America and I don't see American made cars on the street.
    2
  46555. Used to watch your channel every once in a while. Now that me and my family are moving to Florida, this place is my go to!
    2
  46556.  @MichaelBordenaro  thank you 😊
    2
  46557. I don’t know about America being the “richest” country in the world when they’re in approx 31 trillion dollars debt and something they will probably never be able to pay off. It’s like me saying I have R100m in hard savings, but I actually owe the bank R200m. If I was completely debt free, then yes, I could consider myself as being wealthy. But not if I actually owe more than I have to someone else technically.
    2
  46558. They will be no credit to buy anything You are waiting for something that will never come US debt clock predicts M2 at $19T in 2027, its $21T now and falling You will have to have cash or something to trade
    2
  46559. My house in the Atlanta area is paid off. I pay $6k in property taxes and $4k for Allstate homeowners insurance.
    2
  46560. We all need to ask for other estimates before we agree to fee increases and stop this nonsense
    2
  46561. Boycott Buffett!!! Find out what he owns and don't do business with him. Vote with your money people. Geico, burger king, Coca-Cola, Hunts, ect. he is buying companies pennies on the dollar and passing along inflation.
    2
  46562. One of the big teachers pension plans lost $95+ Million in the FTX bankruptcy. I can see some Teachers ending up as Walmart Greeters just to make ends meat. I really think Crypto is highly speculative at best and should be avoided for large dollar investments. Plate C
    2
  46563. The American voter is either ignorant or does not care. Just watch in 2024's election on who gets re-elected to congress and senate. The same ole same ole who voted for all this crap this year. Oh yes. Look at how the current congress has demanded that the US postal service purchase some $60 million in EV's from the automaker in Wisconsin. Imagine all these EV's stranded on the side of the road during cold days. What about the rural areas without charging networks. I also presume the price of stamps will seriously increase to support this new infrastructure once the initial investment goes away.
    2
  46564. Amazon has hands-free umbrella hats. You'd look great!
    2
  46565. In California, the property assessed value is re-set to 1% of the purchase price upon change of ownership. To that they add various district taxes and assessments. I usually figure the new property tax bill will be about 1.2% of the purchase price as a rough estimate. Then in future years, the tax bill (the part based on the value, not the assessments) is limited to a 2% increase per year even if the property value has increased more than 2%. However, if the property value goes down, the tax still remains at the prior year's level until the shortfall of prior years is recaptured by the county. It's a bit complicated, but you can be comforted knowing that the property tax won't shoot up in a future year just because the county needs more money. This scheme was established long ago by an initiative measure called Proposition 13. The trouble with it is that commercial buildings owned by corporations don't get sold very often, so their assessed value is seldom reset to market value the way that residential property is. There have been proposals to split the tax roll into residential and commercial and reset commercial values every so many years (3 years I think was the last proposal) but that never passes in the state legislature or by popular initiative. So commercial property doesn't "pay its fair share" of property taxes.
    2
  46566. Hey Michael, as a real estate agent in Miami Beach what do you think about climate change experts claiming that Miami Beach could be underwater one day in our lifetime? Is that a question that gets asked a lot by potential buyers?
    2
  46567. Kidults!
    2
  46568. Thanks Mich!!
    2
  46569. Fake cash offers? Please elaborate
    2
  46570. They also aren't building anymore powerplants that's why electricity is going up and we are having more rolling blackouts, so more housing will make it worse I think
    2
  46571. There is a saying: when there is blood on the streets buy the property. We are not there yet, but it's coming and is inevitable in 2023/2024. And don't matter if you agree or not, job loss, inflation...
    2
  46572. Dude you gonna play us a little 🎸
    2
  46573. Beware "Havenpark Communities" - they are vampires. A few news channels have done features about how they are just screwing people out of their homes.
    2
  46574. Great French restaurant in IslaMorada, Try it, its called Pierre's restaurant, awesome food. Your wife will love it, very romantic in the evening.
    2
  46575. I KINDA LIKE THIS GUY!!! GOOD COMMENTARY!!!
    2
  46576. I am leaving America....going to Reno NV 😄
    2
  46577. Take your homstead exemption off your property and see what happens to your taxes if you dont think it does anything, Mike!
    2
  46578. I live in the bay area. I would check out halfmoon bay if you want some cool weather.
    2
  46579. Michael I think we are definitely in a recession I think some people are in denial I think the Fed is reason it just looks like we said very slow they got a razor wire point every time they come out they cannot pause on the interest rates would be in a steep depression if they do do that and the need to step out of the way and do a treat for the people
    2
  46580. This was a good video Michael you really covered a lot, ty buddy :)
    2
  46581. bond market signals lower rates than now. The 10y went down from 3.2 to 2.7 in last 2 weeks.
    2
  46582. $70,000 bitcoin!😂 The fed knows they can't pivot/pause until food gets down to 4%, despite if deflation returns or if PSI is around 0. Jerome Powell knows that but he can't publicly say that.
    2
  46583. Even the idea that every American should be able to afford their own personal car is going to be an idea of the past in 10 years or so I bet.
    2
  46584. I'm from Michigan. It's not better.
    2
  46585. Thanks!
    2
  46586. Thumbs up!
    2
  46587. I'm in Florida for Dec, Jan, Feb when it's cooler, your in Miami @ 80s & 90s & I see NO Sweat on both of you..... WTF? I'm at the BEACH in Oregon where it's 50s-60s-70s...
    2
  46588. Conformity is BORING! Kentucky is wonderful but I hope nobody catches on.
    2
  46589. I think sites like Zillow or Trulia will be the death of the MLS. Honestly the title companies do most of the work. I have sold my last 3 properties using these services. Purchase contracts are pretty much boilerplate. Yes the details are written in but most realtors don’t write much more than the amount of down payment and contingency of getting a loan. When selling my properties most calls were coming from agents wanting a listing or clown offering me a greater price with little to no down. It’s a scam folk because they have little to nothing to lose but you do!
    2
  46590. Where are these folks working that can afford 3000.00 a month rent .and with all the taxs taken out.they must work for the government or cartel.
    2
  46591. Yes sir I agree 100% and have been saying the same for awhile.. thanks for confirming!
    2
  46592. Michael - Our leaders are responsible for all the chaos, confusion and misinformation. They caused the Inflation Problem --- and they're pretending to lower inflation by raising interest rates. One doesn't cancel out the other. Their goal is to destroy our economy, lives and country. I'll bet that they're getting richer and richer --- while Americans are getting poorer and poorer.
    2
  46593. Portland police buget 2020 :236.8mil 2022 249 million a $12mil increase and crime rose up? So hurt words make the police not do yheir damn job???
    2
  46594. Thank you for this. I had never heard those facts about Canada. Super interesting.
    2
  46595. Happy New Year Weekend to You & Your Family💐🎉🥂💖🌞
    2
  46596. According to MSNBC the Biden economy is great guns. Let the good times roll.
    2
  46597.  @MichaelBordenaro  yeah 52% increase we were behind on on escrow $4,000 this year so that explains some of the increase. before it would be ok if my wife or I lost 1 job now it's a position of we both need to work.
    2
  46598. Always good content. From Jersey
    2
  46599. We need to stop allowing foreign money to buy US soil , America’s only ! Other countries do this why don’t we ?
    2
  46600. thank you for explaining buydowns. i continue to watch weekly for these kinds of videos.
    2
  46601. I want a 600sqft house.
    2
  46602. 1500$ per month in Thailand is great leaving. Most retired people are moving overseas to retire
    2
  46603. You are a great teacher ❤️ Thank you for your input and yes you are making a difference 😊
    2
  46604. Great video and a not often-covered topic. I'm retired and will pay cash for my house when I buy later this year or in 2023, but not all retired folks are so fortunate. Qualifying for a mortgage in retirement might be a good topic.
    2
  46605.  @MichaelBordenaro  Always best to own your home free and clear in retirement, but that's not possible for everybody. The problem is proof of income: I have a pension and so a guaranteed income, but other people just have withdrawals from retirement accounts plus Social Security, and the retirement accounts can fluctuate (as we've all seen).
    2
  46606. I sold in 2019 does that apply to me? 😊
    2
  46607. I just bought a house in palm beach county and it appraised for 15k more than listing- how does that make sense with your perspective? Wouldn’t it have appraised lower? I agree it might go down but knowing renting was going up I figured I’d rather pay a higher mortgage than rent and make a landlord money
    2
  46608. Who cares, black rock can still invest. I still like your previous idea about giving real home owners the first n-months to purchase something and it going to private equity after a certain ammt of time.
    2
  46609. Thanks Michael
    2
  46610. Mary Daly is the chief executive officer of the Federal Reserve Bank of San Francisco. She missed calling Silicon Valley Bank and the other two and telling them to stop lending money to companies that can't repay the loans! She and her office knew their policies were unsustainable. They kept her name primarily out of the press when those three went under. Oh, I blame the bankers, not her, for the real problems!
    2
  46611. These predictions … they know the reality. They use the lagging numbers on purpose
    2
  46612. Want fear porn? The real reason for the Realestate market tanking is that the USD is being rejected by the world. The world reserve currency has real competition. High inflation might just be the first domino to fall.
    2
  46613. I wonder if the somewhat called “the California dream” is still alive! Some out-of-staters still believe the dream but they will never move to CA to figure it out! Some Californians have moved out of CA because well this is true, it is really expensive to live there! Some out-of-staters make a plan to make lots of money before moving to CA because well again it is really expensive to live there and live in the California dream! Some Californians will never ever leave CA because maybe they still like CA’s beaches! It’s all depends on the people’s life, I guess🤷‍♀️
    2
  46614. It will go below 2019........Run your calculation based on what people can reasonable pay... $1500 @ 6.5% will be $250,000 or so.........
    2
  46615. Enjoyed the wonderful walk with you and Lisa plus I learned something. Win Win Taking your advise everything on hold. ❤
    2
  46616. The people who run the world are mostly old and circling the drain. They will keep this going until they all are dead.
    2
  46617. Edmund Gibbon's "Decline and Fall of the Roman Empire" states the following reasons why Nations fall: 1) The undermining of the dignity and sanctity of the home, which is the basis for human society. 2) higher and higher taxes; 3) the spending of public money for free bread and circuses for the populace. 4) The mad craze for pleasure; sports be coming every year more exciting, more brutal, more immoral. 5) The building of great armaments when the real enemy was within— 6) the decay of individual responsibility.7) The decay of religion; faith fading into mere form, losing touch with life, losing power to guide the people. Open your eyes; the same thing has been happening in the U.S.
    2
  46618. These layoffs will affe t ability to pay student loans as mentioned earlier
    2
  46619. I can never find anytning decent for under 18-19 hundred so idk where you found these 😍
    2
  46620. OPEN DOOR JUST GOT FINED $62,000,000 FOR DECEPTIVE PRACTICES A COUPLE WEEKS AGO BY THE FTC
    2
  46621. Thank you
    2
  46622. Is it still better to rent than to own?
    2
  46623. Is it time to say "a home is not an asset. It's a liability." I say that about cars. I'm driving a 2012 VW EOS. It will be my last car.
    2
  46624. Having worked for the electric company I can assure you: electric heat is a disaster-even an electric space heater. Plus electricity is made from 80% fossil fuels anyway. It’s a con
    2
  46625. Your very informative videos got me thinking and I went and read my homeowners insurance policy. Mine is $2500 a year and does not cover floods, wild fires or earthquakes. It DOES cover damage due to nuclear war and accidental fires.. wouldn’t a wild fire be an accidental fire?
    2
  46626. wonder if babcock ranch gets better insurance rates or if they are forced to pay high to make up for the rest of florida? not really sure what the rules are there
    2
  46627. Michael Bordenaro bro I could only imagine especially living right on the beach not being able to go but I’m seeing the gov about to allow beach goers out? If that’s the case might push me to move even faster still in the 40’s here today
    2
  46628.  @MichaelBordenaro  Just know that your friends here are thinking of you !
    2
  46629. Michael you live in Miami Beach
    2
  46630. HOAs are generally run by vested interest group Mafia. Bullying and fleecing is the name of the Game.
    2
  46631. I paid 8% 1989 and the going rate was 9% greedy greedy seller want more for there money pits that need up dating
    2
  46632.  @MichaelBordenaro 😊 always sir
    2
  46633. Thank you sir, great information
    2
  46634. Happy Birthday Lisi ! I hope you had a great day. Michael I live near Lafayette Indiana it is a nice town with good jobs, restaurants and Purdue University. Housing seemed a little expensive but it is a nice town.
    2
  46635. It's always interesting to get your perspective on things, Michael.
    2
  46636. I think it's that way everywhere.
    2
  46637. What can be done about inflation and the cost of things today? Why did the people who have something to sell feel like raising their prices this high was a good thing to do? Why did Covid trigger price gouging?
    2
  46638. Cash will be king in 2023.
    2
  46639. just getting started, look for 30% - 50% drop in the next 2yrs
    2
  46640. 👍
    2
  46641. The house in front is an inside job. This realtors are dreaming. They buy for 5 hundred now a month later they think is worth 1million? Give me a break
    2
  46642. The Atlanta Fed today shows their conservative forecasts are for -1% Q2 GDP growth and it will continue revising down before the late July announcement. All the other market feds will continue revising down as well. So yeah, recession is here, the markets still haven’t fully priced in, the very high probability of a current recession. And for clarity’s sake, we’ve been in a real recession, growth minus inflation, for a year now.
    2
  46643. No money printer…
    2
  46644. the world is not what we thought it would be growing up
    2
  46645. The Fed is here to destroy the economy by continuing to raise interest rates to cause more pain and unemployment.
    2
  46646. I think the reduction in San Jose is worse than both data. If I look at Zillow’s estimate in San Jose from peak, it looks like it went down by at least 20%. And there seems to be buyers out there still buying, when the house is priced right. Two I know were sold within a few days, cause these houses were priced 15% below Zillow’s estimate. So it is obvious that there are buyers out there salivating to snatch any property that is priced low or at any sign of lower interest rate.
    2
  46647. We had State Farm up in PA, we had to take Citizens, it’s $1533/yr. The house took a hit in 2018 for Michael and it is an older home (1958).
    2
  46648. Rent is very high
    2
  46649. You are absolutely right about the economic crisis we are facing . This will be a huge lesson for the younger generations . Not every problem is solved with a click on the cellphone .
    2
  46650. Do you or anyone have any recommendations for channels to follow regarding the San Diego market. Thanks
    2
  46651. Would like to know what percentage of foreigners that are paying cash for properties in Florida.
    2
  46652. How can this be sustainable?
    2
  46653. FLORIDA will basically become the playground for only the Rich and Famous
    2
  46654. Mike you forgot health insurance. It easily sets you back 3-5k a year especially if you self employed. Granted working out stay healthy is vital.
    2
  46655. There are signs in my apartment complex in Clearwater that say “Beware of Gators. Do not feed.” But I haven’t seen any.
    2
  46656. Thank you Michael for another awesome video ,well done!👍🏻🐊
    2
  46657. Thos will drive up the cost of housing even more
    2
  46658. That iguana got a free ride
    2
  46659. I also love living in Sunny Isle, I live in Poinciana and it is spectacular!
    2
  46660. You should look into Strems Law Firm in Florida. It will tie right into your research on Florida insurance issue.
    2
  46661. I’m interested to know how clients are going to pay buying agents for showing houses do you think it’ll be a per house payment like $50 a showing or $100 a house? Because how are agents going to be compensated for their time of showing someone 20 houses and they still can’t make up their mind lol the only thing that got us through that was the commission at the end of it. Now people are gonna have to start paying out of their pocket for every house they See. I hope whoever brought this lawsuit is kicking themselves right now because really you just really F’ed homebuyers.
    2
  46662. Michael,....all of these statistics and reports can be interrupted anyway,...for anyone,...by anyone. The only thing I considered in the past, now,...or in the future is this.If it is reasonably priced,..in a market I could be interested in, within my budget....in a safe neighborhood,...then give me a call and I will come to look at it. No bidding wars,..no paying over asking price,...no waiving inspections,....and certainly no pathetic letter written to the seller pleading ''Pick us, pick us''. ,...and if no agent ever calls so be it. Better safe than stupid and sorry.
    2
  46663. I was wondering wth is w/all these "another Tesla lay-off" shorts in my feed the last couple days (?) So I clicked on a few today ...... sure enough these guys were completely caught off guard, one said "they sent a 6ft 5 bouncer w/me" another said "I was so confused, it was a very different lay off situation than other companies" etc etc
    2
  46664.  @MichaelBordenaro  how long until I can get it to PayPal supposedly it takes 3 months I was like wtf scam
    2
  46665. Someone commented on my comment saying he got laid off of his job in a title company too!! And he went to a job fair too!! Saying 200 people were applying in just one company. He said!!!!!
    2
  46666. Was watching todays great video & couldn’t help thinking- A video with TheStockGuy would be legit! Hope all is well there. Seems both of us are back in FL now, good to see it.
    2
  46667. If the choice is the Fed screws us with inflation or the Bigs lose money in a bank then they will save the Bigs. So buckle up inflation is going ti get horrible.
    2
  46668. Which bank branch is the best?
    2
  46669. If you have 25k a month to rent, why are you not buying a house? Am I missing something?
    2
  46670. I’m not going to buy if rates will drop to even 5%. Too much uncertainty hovering in the air.
    2
  46671. Panhandle is the best of fl imo
    2
  46672. Fantastic video! Your collaboration is truly informative and entertaining. I'm a dedicated follower of both of your channels and watch faithfully. Keep up the excellent work and thank you for consistently delivering honest content.
    2
  46673. Great video, Michael! Glad you got to visit the area a little bit and enjoy lunch at that fun looking restaurant! Great music there! (“I wanna Go Home,” and “What a Wonderful World.”). I will definitely have to visit that restaurant, if I make it back to Pensacola. Love the weather and beaches there! Love grouper too! So yummy! Pensacola seems to be a good city to consider living in, if you want easy access out of the state and nice, but not oppressively hot weather. An aside…did you stay in Gulf Shores in Alabama?
    2
  46674.  @MichaelBordenaro  Ahhhh, yes, Daphne, AL! Good deal!
    2
  46675. Michael, why u got to be so honest bro...cause that happened to me lol, purchasing a fixer upper and slowly fixing it up. Water pipe busted, a.c. don't work, etc. etc....I put 20k so far and now low on budget. Life sucks sometimes for the lack of knowledge, but keep these content coming, learning a lot from u. One good news though is my wife be done RN soon, so we'll bank from here so now question is should I sell the current house and buy new house or stay and put another 60k and modern up this old house of mine...🤔
    2
  46676. And...might you recommend how you got your channel hooked up to PayPal for monthly subscribers. Did you have to achieve so many followers and 2 did u just talk to paypal to arrange that for you...thanks...no pressure. No rush...
    2
  46677. Yes it is , Im telling you people have no love or passion about themselves or what they do anymore nor they take any responsability for their actions either they just play straight dum i dont get it! they just do whatever just to get paid and thats it and we as owners have to deal with cosequences ,drives me nuts . But hey i hope you have a great season and just keep on . Thanks for your vodeos
    2
  46678. Lived in Ormond Beach for almost 5 years. If you enjoy bike week twice a year, you will love it.
    2
  46679. So is better to stay way from Miami Beach Florida ⛱ 😎
    2
  46680. Look at Costco they have increases on the same product week after week. Many products are not available either. 2.6 trillion, really!!!! because of the 1400.00 and 600.00 he is or crazy or really need to learn accounting 101 Majority of people in normal times live month to month, and this idiot says we have 2.6 trillion surplus? please do not make me laugh. Or let us know where it is to go get it. This losers are mentally challenged like Biden.
    2
  46681. COMMENT....The 4% rule is no good.
    2
  46682. Thanks for making this video. I am planning on moving somewhere warm in 2021 but the thought of leaving family can be hard. I needed to see this video. Happy New Year!
    2
  46683. Subway sucks.. we have four of them in our county.. that's ridiculous... Jersey Mike's is 100 times better... Why don't we have a Jersey Mike's 😊
    2
  46684.  @MichaelBordenaro  You're most welcome.
    2
  46685. As to the prices of Air BnB and VROB’s being higher than before. The Timeshares are going crazy. I help out at the local Westin Timeshare and they are so busy. People are finding it more economical to invest in Timeshare than pay $1000-$2000 a night Hotel and Vacation rentals
    2
  46686. Hint...High inflation...means no capital to print money...hint US runs on debt...not capital just the opposite...folks don't think your smarter than the system 😢
    2
  46687. I really enjoy your videos. I have for a long time. Please, PLEASE, don't turn into another Christopher Greene. Mister Real estate, Gold, and Bitcoin salesman with the "the sky is going to fall tomorrow" messages. I'm sensing something from your "doom and gloom" stuff lately (which I'm NOT debating) ............ but please, please, please don't turn into another Christopher Greene with hawking garbage products and becoming the next Ron Popeil. Please.
    2
  46688. thank you for inform us
    2
  46689. 💯👍
    2
  46690. Now let me ask this, is it true that you can find an apartment in Florida from $400 - $800. I want to really know because if that's so I'll start planning my move Florida next year.
    2
  46691. Michael Bordenaro well the reason I’m asking because I’m just looking to rent for my first two to three years and I’ll be thinking and maybe looking in buying.
    2
  46692. Michael Bordenaro yes absolutely, I have been looking and that’s why when I make my trip there in 5 weeks and see the places for myself that’s when I’ll know 100% what I’m really looking at. And I’m not looking for no luxury apartment just a simple one that’s all. I really appreciate your response my friend and keep up the good work in informing us about the cost and life in Florida. Thank you.
    2
  46693. U picked a safer area to walk around except becareful with cars it's dangerous there walking
    2
  46694. They are going to DRAG IT OUT to give the CROOKS time to cover their money... Europe is MUCH MORE CROOKED.... Politicians all have board positions in BANKS...
    2
  46695. like I said time and time again , you either buy it or you don't !!!! I eat one time a day and intermittent fasting the rest of time . 23 hours fast / one meal a day !!!! Stay away from Process Foods ( over 80% ) junk food and soda . Cancer thrives on Sugar and Sugar Addictive I changed all this 15 years ago and no regrets . ( long story short ) . Our Power Bill went up 2 times back in November , and the employee, I spoke too, agreed it with up 2 times. So now I'll keep the thermostat at 68 degrees . I have always budgeted and always will.
    2
  46696.  @MichaelBordenaro  do you prefer Tampa due to housing costs, or something else?
    2
  46697. $5000 a month？
    2
  46698. Im honestly more concerned about the people who never got to own ANY residence over some condo investor
    2
  46699. Michael stick to real estate, not financial planning. Do appreciate your insight, but kinda spiraling the drain there at the end. Hang in there bud!
    2
  46700. Michael, regarding who pays, It's a glass half full / half empty argument! In every transaction there is an exhange of value. Ex: The seller gives up a 500K property for 500K in cash at closing. Thus both buyer and seller pay for the commission, it comes from the net proceeds the seller would receive after loan payoff and closing costs. If the seller had "no equity" they would have to bring cash to the closing table to cover their closing costs + commissons they agreed to per the contract.
    2
  46701. So true!!!! ❤️❤️❤️❤️
    2
  46702.  @MichaelBordenaro  People are definitely struggling, you can see it in the supermarkets and in their faces , but there is still plenty of wealth on show. I’m probably in a fairly ok location to ride it out house wise (2 bed townhouses are in short supply where I’m at). Bigger houses though seem to be hanging around for months. Scotland is traditionally cheaper to live than England/Wales but that’s definitely starting to change as housing gets snapped up and people get out of big cities.. bought in a lot of cases by landlords.
    2
  46703. You are correct, the problem is people getting into debt they have no buiness taking on. Whether is was shoddy substandard mortgages, or now just free money up front to get the borrower hooked. There is no difference.
    2
  46704. The percentage of correction we see across housing and vehicle prices is going to be extremely similar to 2008-2010 for sure.
    2
  46705. Frick man how could you justify car prices going down?? It is only rising!!
    2
  46706. NAR is just a monopoly to rip off agents, buyers, and sellers.
    2
  46707.  @MichaelBordenaro  yeah the area of Jax that borders St Johns county is pretty good. Even older established neighborhoods like Mandarin are good spots. Then you have historic districts like Riverside and San Marco if you like the more vintage neighborhoods. Jacksonville has tons of land mass that's being cleared every day for new construction. St Johns county, too. Most of that land is owned by the Davis family thta used to own Winn Dixie and the Skinner family that owned lots of dairy farms in the area. St Johns Town Center which is a huge shopping and living center used to be dairy farms!
    2
  46708. Maybe Buy Condo's in 2026 when u know the TRUE COSTS !!!!!!!!!!! or Rent...ALOHA
    2
  46709. some go for a million, where the land is owned by the community!!!
    2
  46710. Today report shows 336,000 new jobs and the US economy is still strong, the gross domestic product grew at a 3.2% annualized rate last quarter, a sharp bounce back from shrinking in the first half of the year and the report also mentions that the US economy shows remarkable resilience despite the recession talk. = inflation/higher interest rates:(
    2
  46711. Keep up telling the hard truth. You put out solid financial information, in my opinion. Thank you
    2
  46712. i made a bank wire from my bank and was not treated well. (surprise) no depositers, only withdrawers
    2
  46713. Airlines and hotel resorts are offering crazy buy now pay later no credit check deals at high price. This is because their product is highly perishable. Once the plane takes off, all empty seats are worth zero. At midnight, every hotel room not occupied is worth zero. Offering buy now/pay later deals works better than what they used to do, which was discounting empty seats/rooms close to the date, because more people just waited for the last minute deal and airline/hotel couldn't predict. By keeping the price high, they have a chance of collecting something for the seat/room that would have been empty.
    2
  46714. Yep, the Rite Aid in my NYC neighborhood closed down for these very same reasons. I witnessed very possibly drug-addicted individuals stealing in the am, getting arrested, and being back in time to steal again from the same Rite Aid by 2pm the same day. The CVS across the street from Rite Aid, is still open, only because they’ve locked up everything, and you need to ring for customer service for every little thing from toothpaste to dish liquid. …and it’s global inflation after the global pandemic affecting us all. There’s no place to hide
    2
  46715. Thank you, sir. I really enjoy your input as I'm contemplating moving to one of these states within the next 5 years.
    2
  46716. Single man....Flying to Tobago this year no issues. No baggage and no worries
    2
  46717. Realestate lawyer ?? Aren't they responsible for transactions
    2
  46718. Siesta key is a gem ❤️
    2
  46719. Thats a nice park. I might become a permanent resident there. Better than freezing to death in Detroit.
    2
  46720. By the way the term you are looking for is "Rent Ratio" in some markets it is in fact more affordable to rent such as Cali as you've mentioned. Detroit is the 'best' rent ratio for a landlord because... you have to deal with Detroit clientele lol
    2
  46721. 2nd time listening to this one Thanks
    2
  46722. Right on flood insurance...why I dont rent on 1st floor
    2
  46723. Michael, what ever hapened to the 20% down? I must be out of touch.
    2
  46724. FOMO - fear of missing out. Nice data . Thx Michael
    2
  46725. 👍✅👍
    2
  46726. Bigg up, keep doing what you do speaking the truth hurricane season in 2 months more money for the insurance company..
    2
  46727. Single people always at risk for owing- no dependents
    2
  46728. Government is not the solution its the problem.
    2
  46729. If you want a cheap home move to alturas,ca my sister just bought a home for 162k interest at 7.25 still high but lucky she found a home under 200k
    2
  46730. Thanks Mike
    2
  46731. I'm not going to pay double what the prop sold a year ago for. It's like buying crypto that seller wants me to pay double for their mistake. Not gon do it
    2
  46732. They are being bought by trailer parks and rented out..
    2
  46733. People know with high interest rates... they have to come down on price to compensate or no one will buy
    2
  46734.  @MichaelBordenaro  It sure is! It's my favorite form of exercise! Been working on a photo book(s) project, ever since the pandemic started. Just about to finish up! Boy, I'll be glad when I am done, and can get out to do other things!
    2
  46735. We are thinking near Orlando (Oviedo or Winter Garden. More inclined to Oviedo, because of school district). We are also considering Lithia. Planning on buying one property for our family and one to invest. And invest the rest of the money in another option, maybe more stocks, will see. We are watching house and stock markets to decide the best way to invest. Good thing about SF Bay Area in CA is that you can make money working for one of the tech companies in a very short time and invest in other states and other options, specially now that everyone is working remote. When we moved from Florida, I was sad, because I love the place and our plans were to go back once kids graduated and we retired. Everything changed with the pandemic. We can follow our plans faster than we thought.
    2
  46736.  @MichaelBordenaro  Thank you. We already invest in Stocks. We started with stock options from the company my husband works for and have expanded to other options. We have been watching our options and have an advisor working with us as well. This period has been good for us in terms of investing that is why we are considering to move out to Florida where as you said our money will go even farther than here in California. Success for you in South Florida as well. It is an amazing place and I truly miss being there.
    2
  46737. Orlando flooded big time last hurricane. City and surrounding area drainage system couldn't handle all the rain. There was 4 feet of flooding in many areas.
    2
  46738. I just created a new hot sheet in the MLS. Properties already in foreclosure is shocking, talk about a Ponzi scheme.
    2
  46739. I never go to Starbucks or McDonalds. I value my health. If it wasn't for democrats, they would both be out of business.
    2
  46740. Not only housing but Car Repos on a huge rise!!! The supply demand BS is all a sham. 2.2 million cars so far this year at this pace it will be 4 million cars in repo market
    2
  46741. Didn't they all claim everything was fine leading up to the 2008 crash ? lol
    2
  46742. Rates will be cut to very low levels due to Dem reelection plans.
    2
  46743.  @MichaelBordenaro  That is awesome, this was a fun video! 😁
    2
  46744. I have images of people wandering around in their parking garages and basements, looking for dripping water and crumbling concrete, of sinking insane amounts of money into apartments they don't want to be in anymore, and unable to sell them for pennies on the dollar, of increasingly belligerent HOA meetings with people demanding greater accountability of where those huge amounts of money are going, (and not getting it) of building after building being evacuated with no notice as building inspectors are under increased pressure to make sure the next building to fall is empty. Then in a few years time, things going right back to the status quo because as Carl Sagan once said, we humans seem to have a learning disability.
    2
  46745.  @MichaelBordenaro  I'm surprised too.
    2
  46746. Furnished finder is a resource for short term rentals
    2
  46747. Government needs to step in. Old people who got to buy houses when they were dirt cheap or low interest rates have lived it up long enough. Young professionals are struggling to get a house or rent. I'm paying mortgage rates to rent. Young people have had to push back major life milestones long enough. Houses are too expensive, rent is too high, wages aren't enough and this will lead to a demographic crisis.
    2
  46748. The U.S. dollar is backed by the most powerful military that men’s history has ever seen, the United States Military!!!❤️🇺🇸
    2
  46749. Is it wise to convert your garage into living space? Looks like most of them have done it.
    2
  46750. That was Rich rebuilds not Hoovie
    2
  46751.  @MichaelBordenaro  I have noticed that aswell! but lot rent can be pricey! What if I were to buy land and then build a manufactured home on top of it?
    2
  46752. I retired at 35 years old last year 2023. I don't have kid and i still single because kids cause a lot of money and delay my retirement.
    2
  46753. Ya know - It does seem like there are a lot of people on Youtube such as yourself that do always paint a dismal picture. Ok - maybe it is dismal and maybe the world does need to reset - but maybe it is time to plan for that future rather than all this doom and gloom. Youtube must think this content attracts eyeballs but while I still watch your videos (maybe because I am from South Florida and I like the scenery) - there is another guy in California who has the exact same message as you and I have unsubscribed from his channel. Ok - things are messed up. Put a stake in the ground. Your theme is real estate. What are the keys we can all (yourself included) look for to see that things are turning around (or will turn around). What happened after 2008 ? What was the turn around moment ?
    2
  46754.  @MichaelBordenaro  which ones are good?
    2
  46755.  @MichaelBordenaro  where I currently am in Mankato Minnesota is perfect in every way but 1 (winter) Spring summer and fall are super nice, 100k people, almost no traffic, never a traffic jam, Has everything for entertainment, Rivers lakes green, affordable, very Clean, very low Crime. If I could just spend winters in a warm place which I have done the last couple years it's perfect. I'm still trying to decide where I'm going to spend this winter!
    2
  46756. Ordinary people are frozen out of the US economy. And as time goes by the freeze gets worse and worse. Way before there is an effective fix most Americans will sleep in their cars and under blue tarps. I think those cute little Gyms and YMCA are good bets. And coin operated laundromats. I know. I spent the better part of 1969 doing exactly this! Have a nice day!
    2
  46757. I can't imagine buying a house without getting pre-approved. How do you even know what houses to look at if you don't know what houses you can afford?
    2
  46758. Thanks!
    2
  46759. Thanks!
    2
  46760. MICHAEL Your videos are getting better and better each month…❤
    2
  46761. One thing to increase engagement is more Flames in your thumbnails, it seems to be the "hot" thing to do w/all the finance and economy youtubers nowadays
    2
  46762. The boomers are the largest swell in the population pyramid. They started retiring at 10,000 a day in 2015. The next 2 decades should see a lot of home sales from dying boomers. Also you’re 100% right the only way this home supply gets fixed is for builders to get government subsidies just hope they don’t milk it and charge even more for homes. The other problem now is investors buying up trailer parks and jacking up the rent on fixed income seniors and disabled folks.
    2
  46763. I enjoy seeing Floridian neighborhoods. I've never been to Florida. Pretty.
    2
  46764. Fat and disgusting people lives matter
    2
  46765. Be crazy if rates hit 10%
    2
  46766. Michael I love you Cape Coral Florida and the utility extension project is now going to cost us as taxpayers of that coney at least 33,000 or better within the next 10 to 15 years of all taxpayers Magine that 10 to 15 years will get will get in trouble for that
    2
  46767. Another good video buddy😁,thanks.
    2
  46768. Thanks for your updates. Many expats like myself are waiting to buy a Florida property. Especially, disabled veterans like myself who can benefit from no property taxes, and numerous Florida veteran benefits not available abroad.
    2
  46769. What is this Brix nations. Explain what this is
    2
  46770. all facts
    2
  46771. Wow what a beautiful place.
    2
  46772. The unit isn't even worth 200k. Unbelievable ~
    2
  46773. And Winn-Dixie if you are in North Florida. Winn-Dixie is based in Jacksonville.
    2
  46774. You also got Walmart for your groceries in Florida and the Se part of the country. In California (and the west coast) there's Winco and Walmart as your inexpensive choices for groceries.
    2
  46775. Well, we here in Chicago are starting to get warmer today. Hahaha, it is already 83 degrees going up to 93 to 94 for the day😳😳😎😎. So, we will be warmer later on today.
    2
  46776. You say exactly what I'm thinking!
    2
  46777. Doom doom doom.. Fasten your seatbelts kids. It's going to be a bumpy night. :)
    2
  46778. Thnanks Mitch
    2
  46779. what the hell is going up next to that 10m house
    2
  46780. According to one chart, homes in Washington, D.C. are $380,000 undervalued. If true, you may pay the fair price in the future.
    2
  46781. That would be awful going the way of home sharing. It's one thing with kids moving back home to their parents or parents moving in with their kids, but a group of friends all living together, not for me.
    2
  46782. Excellent video, Michael! You are right on about San Francisco. Was gonna take my son there this summer, but want to wait on that, with all of the craziness occurring there right now. I love that city, but it is a shame how things are going there at the moment. I have seen people with their pants down, going to the bathroom on the streets. Crazy! You are wise to stay in beautiful (if hot), Miami this summer and save your money. (However, if you and Lisi breakdown, and decide to come to the west coast, be sure to visit beautiful Lake Arrowhead!)
    2
  46783.  @MichaelBordenaro  Funny you say that...I was thinking of staying over in Marin County too, and exploring that area more thoroughly.
    2
  46784. Thank you for this video! You made me feel normal! And I completely agree with the clarity of thought that comes when everyone else is asleep - you're reading my mind!
    2
  46785. Hey, I've got an idea. The American people should DEMAND the US Government STOP wasting our money on useless wars and all the rest and become a responsible entity. FDIC is funded by FDIC-Insured Institutions. More fees? Oh hell no. It sounds like another buck-passing scheme to those that are already overburdened with taxes and fees. Enough already.
    2
  46786. one constant theme about history nobody cares or learns from it.
    2
  46787. That sounds perfect for real!
    2
  46788. oh it surely has a large indirect effect
    2
  46789. Great overview.... But you really can't tell.much about a place by the photos...buildings have a community culture or "vibe"... Kind of neighbors, Unfriendly or loud, is the building kept clean, amenities updated ....interesting effort ....thanks
    2
  46790. Please keep showing the house listings. I really enjoy that part of your channel. Really enjoy all your content to be honest. -Cheers from SF Bay Area.
    2
  46791. There are, indeed, good deals out there despite these high rates. Just have to look for them harder for those who are looking to buy a house. Looking at this point, at the end of the day, the decision to buy or not is and will always be in the hands of homebuyers.
    2
  46792. Hello from the UK. Our aim is to buy a 2nd home (condo) in about 5 years. We have a program here that shows Brits looking to buy property in Florida and it seems to always concentrate on Davenport ?? We would like to be on a coast though not sure which one yet? I think we’d have to buy a condo as we would be aiming to go out there 4/5 times a years for only a few weeks at a time. We are willing to pay the monthly fees purely for the convenience of having to do nothing and most importantly, leaving a condo empty in a secure manner. I guess if we were to consider emigrating then we would buy a house. We’ve just started watching videos on Florida property and are glad we’ve come across this one as it really has helped us in that it reaffirms that buying a condo is the best thing for us. With regards to ‘rules’ is it ok for family/friends to fly over & stay in a condo when you’re not there? Thanks
    2
  46793. ❤
    2
  46794. It isn’t what it use to be! It’s so out of control and condo’s are still going up! More and more people will be here and just taking a quick trip to your local grocery store…… takes you 3 times as long! We’re moving next month! It’s just time to go! For us, the glory faded.
    2
  46795.  @MichaelBordenaro  Very correct statement! There still are many beautiful cities & towns in Florida that will allow quality living! We came back to Florida after 23 years…… perhaps that was our first problem…. We never stayed to accumulate to the growth. I wish you much abundance & prosperity with your continued journey in Florida! Stay well
    2
  46796. I would say the middle class has moved closer to the poor/lower class and both have greatly fallen behind the wealthy upper class. It's a fact proven in the chart of wealth distribution. The social contract is now broken as these rich folks have bled the poor and middle class for all they're worth. Productivity and profits increased these past decades while pay stayed flat w inflation. This is why theft and crime have been up. "Eat the rich" could come true at some point.
    2
  46797. Did not notice until you said something. Get well soon!
    2
  46798. Thanks for showing us Miami! But no exotic car though? (Maybe at least a tour of a car lot?)
    2
  46799. Love these videos 😍
    2
  46800. Looks like Michael is pretty annoyed at his condo .😹😬
    2
  46801. the Fed can warn away. that has played out before in the 80s. the WORLD can't tolerate a strong dollar. and raising rates strengthens the dollar internationally. it has nothing to do with usa housing market. see plaza accord of 1985. France, UK, Germany, and Japan will again put the usa in detention. if we don't correct those rates going forward. thus the fed will go to zero rapidly when it's told to. it's coming. the world won't tolerate it. they can't pay their debts with the dollar so high. and the usa can't have them default. fed back to zero. look at that chart after the 2000s. the world is hurting. on purpose. and when the fed goes to zero... you know what happens to that house in usa! sky high. what the government has been trying to do is raise wages. without a minimum wage forcing it. they have been successful. entry level has doubled hourly pay. we've all seen it. last year and next year the professionals get wages up 25%. no one has released those numbers but all you have to do is look at pay from jobs on web sites. what used to be $25 is now $40. each $100 extra you bring home affords you $18500 more in house loan. (@ 5%). a single person going from 25 to 40 hourly will bring in 1800 more per month after taxes. that's 300k houses can go up from a couple years ago, (on one salary, assuming a 2nd salary covers food, etc). we were in the 300s in America (2019). big cities are different market. but you get the idea. when po-funk usa jumps 200 to 400, the cities will go 700. and people will afford it. 5 years out you will understand what you don't believe today. I'm explaining the fed can hold out for a while but eventually has to drop what they are attempting. usa will be fine.
    2
  46802. I agree that the pendulum is swinging back as things seem to be "normalizing" again. And that is a "coincidence" that people are flowing out of blue to red states in the south. Great observation.
    2
  46803. Do u have a link for those sunglasses your wearing?
    2
  46804. It’s a fishing community
    2
  46805. Nothing is free.
    2
  46806. Hi Silva. I’m in Canada too and was in Florida in March searching for homes for our move this summer. Then Covid hit and now I’m not sure if we will move this summer. My daughter has to enroll in school so we would have to move by August. The thing that concerns me is that our green card extension expires in September and we would have to ask for another extension. And with how Trump is treating foreigners, I’m afraid we will lose our green cards and then never be able to move down.
    2
  46807. Housing may take a decade to bottom 😮
    2
  46808. Taxes assessor is smiling to the bank. Home owner suffer paying higher property tax.
    2
  46809. Why the eff are all those effs parked on the sidewalks?
    2
  46810. b
    2
  46811. Sugar coat something ....😅will you
    2
  46812. Absolutely I find you entertaining! Appreciate your straightforwardness. Thank for your videos.
    2
  46813. Welcome to Marin! Stop into Tiburon tavern. Food is amazing and try my wife’s spice. It’s “FahKing Bomb”
    2
  46814. The PPE money was a scam. Everyone was getting free money with no checks and balances. Typical of all government programs. My bank manager even received free money. She went onto say she went on to a web site checked a few boxes and poof, free money showed up and no paperwork needed. She gave me an example that if you and your girlfriend were renting an apartment and split up or lost a job and applied received rental assistance and other monies. The biggest transfer of wealth just happened before everyone's eyes. The inflation reduction act even includes energy bills assistance.
    2
  46815. Regular folks are gonna get gentrified off the Beach ⛱️ 😒 sad 😔
    2
  46816. I love it, you just repeated my first comment on your channel and I have only made three. The first one in question got deleted! Lol
    2
  46817. Thanks for your latest video.
    2
  46818. Perhaps showing us torrential rain in your Jeep,dangerous for you more so with Floridian drivers your words lol and limited sight for us ,no swish of wipers go to roof top decks,museums, restaurants,points of interest and show us just how the rain really is there.
    2
  46819. I'm looking in the Sebring and Avon park area. there has been a significant drop in price and more inventory. I'm working with my Leander to be closing at the end of Jan of Feb. there is hope.
    2
  46820. Why is that small house so expensive ?
    2
  46821.  @MichaelBordenaro  Rock a bye baby. Puts us right to sleep. Everyone is different.
    2
  46822. Definitely a lot cleaner than west side LA.
    2
  46823. 17 .5...... That's a lot of cocaine sells Just for rent.......lol......that's ridiculous.........shit better look like Scarface palace for that much......shit he probably didint pay that much....
    2
  46824. Air-conditioning repair company just waxxed me $3000 for replacing a $500 part!
    2
  46825. Car makers do have subscriptions for additional features bro look at Tesla and Mercedes etc just for heated seats pay up and they turn them on. Don’t pay , heated seats go away.
    2
  46826. You saying that Gas will go up just reinforce the fact inflation will be around longer and with it higher interest rates. On the other hand, EVs will sell like hot cakes with the 7500 incentive.
    2
  46827. Glad you didn't fall 🤣. Can't say that about housing.
    2
  46828. Damned if you do, and damned if you don't.
    2
  46829. Great advice and insights to what is going on now a days. You should have at least a million subscribers for sure.
    2
  46830. If you dig in and get the real numbers and do your own math, 54% of the working age people in America are not employed...some by choice, but most are not...that means over half the country cannot absorb any inflation, they are on some kind of fixed income. So the Fed has failed miserably at both of it's mandates.
    2
  46831. Something worth mentioning is the rather slow development in the efficiency of producing building materials and processes thru the 50's that didn't really its full stride until the early 60's. Along with development procedures. In relation to population.
    2
  46832. Thank you again Michael 😊 🙏
    2
  46833. That is the insurance company strategy the 3D's of insurance deny delay and defend
    2
  46834. Thanks!
    2
  46835. I know a lady in her 70's in my area that cant take care of 85 homes she is a slum lord. Sure she makes alot of $$$ but people live like Sh@t. Owning homes is a addiction. I own a few also I love it so much fun meeting new people along the way but its alot of work. heck I know another guy that owns 220 homes its a addiction well i guess better than doing drugs. Thanks for your time Mike I watch your channel everyday
    2
  46836. You must be way south in Florida. It snowed in northern Florida yesterday.
    2
  46837. I agree with your view points of what government should do.
    2
  46838. There’s gonna be 2 wages for American workers. You commute to office u make a certain amount of money. U work from home , u will get a 30% haircut. So if u make $200k a year in office. You’ll get $140k for remote work.
    2
  46839. Tesla sorry we lied hahaha
    2
  46840. The liberal media wants Biden to be re-elected at any cost so they lie and makeup numbers to fool the people not paying attention
    2
  46841. Not going to work, very difficult to enforce. You'll need employees to enforce it on a weekly basis.
    2
  46842. How about people stop having kids knowing they can't afford them. I'll never understand it. Life is hard enough to make it, let alone taking care of another human. Kids get neglected and end up in jail because the parents are working two jobs and the kids are running a muck. Good luck and welcome to the new norm.
    2
  46843. Michael will you sell your investment property as well with the homestead coming in July
    2
  46844. I was living on the 11th floor in Lima, Peru when that building fell. I always freaked out when we would have a earthquake after that happened.
    2
  46845. I got my house $60k cheaper than asking price in SWFL January the market 15 months . Insurance and tax it’s…yes it’s a lot.
    2
  46846. We bought our house in menifee ca in 2021 at 450k, our mortgage is 2880 feels enormous monthly. We got an interest rate at 2.90
    2
  46847.  @MichaelBordenaro  I saw that one as well. Too hard to choose, they were both awesome. Although I do like that you don’t have to worry about Jelly Fish in the summer.
    2
  46848.  @MichaelBordenaro  sadly the residents CA is losing are the moderate/conservatives. Soon only the liberal/progressive extremists will remain and it will truly be the dumpster fire that is already beginning to emerge...which is truly heartbreaking. Interestingly, our gov just signed a law banning state funded travel to FL because FL doesn't support the vast and far-reaching protections afforded here for the...diverse...lifestyle choices/identities. He also signed a (thoroughly unenforceable) "exit tax" levied at anyone moving out of state. I wonder if the travel ban isn't so much a stand against discrimination, but rather an attempt to retain the rich and powerful who are drawn to FL for financial reasons.
    2
  46849. I think we need a major overhaul of the government. It'll a lot of BS&T but aren't our children worth it?
    2
  46850. Have you already mentioned your thoughts on Elon Musk’s TESLA house? You mentioned mobile homes recently and the TESLA home is billed as mobile so that made me wonder if you already talked about his residence in Texas.
    2
  46851. LOL....your long videos is why I like watching them. They're so informative and explanatory, so keep up the good work Michael!
    2
  46852. Lots of these politicians probably own multiple properties themselves and they definitely don't want to see real estate crash.
    2
  46853. This ev push is going to be such a disaster. It's probably going to be the nail in the coffin for America.
    2
  46854. Life happens. The low mortgage interest rate made home ownership affordable, but the purchase price might be bloated with todays home values. Plus people aren’t scrambling to purchase a home like they were when interest rates were low. Some people will have to sell but if they are underwater it could be a real financial disaster.
    2
  46855.  @MichaelBordenaro  Take a look at Country Walk neighborhood pictures after Hurricane Andrew. You're absolutely right - not stable or safe. I don't know how they allow them to be built in the Keys?!
    2
  46856. Down to Earth and practical.
    2
  46857. Hey Michael grandpa Jeff here from Galt, California. Great information on the banking crisis and collapse. You've been spot on about many of your predictions . I appreciate your videos and hard work so keep it up brother. You're doing a great service helping to educate people about circumstances that they otherwise would not be aware. Thanks buddy.
    2
  46858. Michael, please apply the “avoid gold digger” advice you gave your male viewers to your female viewers also. I can attest that men also use women now that we often earn more than men.
    2
  46859. Drive by Woke and lying Financial Media and Trade Associations - As Rush would say. They have used all their Ammo on trying to convince people there will be no crash - WRONG. Smart buyers are on the sidelines just watching and knowing the lies are coming at them all the time.
    2
  46860.  @MichaelBordenaro  exactly, there’s no reason other than to manipulate the market that institutions and hedge funds are buying SFH. They have the money to do so and if not stopped real estate is in bad shape and retailers will be able to afford only to rent, and that’s what it looks like they’re trying to accomplish
    2
  46861. I like your Videos Michael good job. I’m on the opposite coast from you over here in Bradenton area.
    2
  46862. Justice of the Peace $13 $27,000 divorce lawyer retainer good luck
    2
  46863. 😅 HAPPY BIRTHDAY 👾 channel 🎉
    2
  46864. To see how different the real estate market is in the USA is interesting. I am from the Netherlands. So happy I bought a terrace house in Maastricht in late 2021 at 1,64% interest rate for 30 yrs. Same rate would now be around 5% and still rising because the ECB is following the Fed with a delay. If you want to stay in a house for at least 10 years a temporal dip in pricing is not a problem. Like the bible stated: 7 strong and 7 weak years.
    2
  46865. I’d be interested to get your take on a Heloc. A simple don’t do it! Or more in depth.🤔
    2
  46866. Just got a letter from the county tax assessor. I was wrong in a previous comment. I said my taxes have doubled in the past 7 years, they have gone up 3.75 times". Wow $900 yearly to $3,000. Yearly. Moving to GA for reasonable taxes? You’re a few years late. Oh well
    2
  46867. There’s no such thing as “extra money”
    2
  46868. Up here in NE, the prices never dropped. They are still going up month over month and show no signs of slowing down. New construction up here starts at $700k
    2
  46869. Kids will need rooms. Therefore buyers can’t wait.
    2
  46870. I sold my house Nov 1 and am renting until the time is right. I'm comfortably renting a home in Williamson County TN that I could NEVER afford to buy.
    2
  46871. Our rent in Phoenix has increased 50% in 4 years. I kid you not.... Wages, not so much
    2
  46872. Here on Oahu, new homes are sold through a lottery bit the real problem for us here is not the builder....it is the permitting and project review process....it I worse than California....just to get a permit for some basic stuff can take a year...today I was at a building built in the late 70's and they need to replace a generator because the one they currently have has no parts available should they need to fix it so they filed a permit for a new generator and because they have to change some things due to nee building standards, it has taken over a year in the permit process and still no permit....so there are a trove of issues that can contribute to housing glues and shortages depending where you are....as we all know, Location Location Location.....LOL 😀
    2
  46873. It’s higher % for Politicians !!!!!
    2
  46874.  @MichaelBordenaro  Growing up in Louisiana I have experienced some very hot and very cold days often within a week of each other which are amplified by the humidity levels. That is too say that if it is 40° F it feels like it is below freezing. I can really appreciate some consistency preferably on the warmer side. Also I find thunderstorms to be very relaxing.
    2
  46875. 👍✅🫣✅👍
    2
  46876. The Fed doesn't actually want unemployment, they want fear to cause people to take the low wage jobs that create a low cost supply chain, IMO
    2
  46877. Thanks!
    2
  46878. It’s bizarre that Companies continue to Price Gouge, even though their costs have gone down. It will bite them, because people are broke and will stop buying…especially when their credit is maxed out. This Fed move to have people lose their jobs, and be too poor to afford anything, seems a messed up way to solve inflation. Something is Wrong with this economic system. The rich are still getting rich…other people are being rent raped. PS…funny that Gas Prices started going up on the first day of the 4th quarter.
    2
  46879. I live in LA for a little bit longer and am definitely going to check it out before I leave!!
    2
  46880. Don’t you dare tone it down. Tone it up to the stratosphere!!!
    2
  46881. Happy Birthday Michael!! I’m interested on your Venice shoot.
    2
  46882. They will make more, you would have to be a fool to buy a house or a car right now, they will keep making them and the prices will come back down
    2
  46883. Big shout out to all Florida residents like us 😂
    2
  46884. Iron will continue to sharpen iron
    2
  46885. :face-orange-biting-nails:
    2
  46886. NO😂😅..
    2
  46887. Hi, I'm Brazilian and i`m gona to florida, at St. Petersburg to stay with my family in our vacation by two month, and we like to stay in a tinny house. Is it possible to rent a land and a tinny house? thanks for the help!
    2
  46888. MB…If you’re here for a month come visit us at Huntington Beach, in Orange County. We’re only 45 min from your current location. We have nice houses over here and our pier is nicer too Lol….
    2
  46889. Nice walk while Rome is smoldering. Fiat currency collapse continues.
    2
  46890. DUDE LITTLE BY LITTLE YOU ARE COMING TO MY TRUTH
    2
  46891. Honestly the electic car $ is better spent on public transit that people actually find usable. It's fucking crazy that the people that work at walmart and other jobs like it have to own their own personal car to make near minimum wage.
    2
  46892. How does a prospective buyer find out about the financial / structural health of a building ? Please don't tell me I need to rely on a realtor for knowledge. As a former homeowner I know the small town we lived in had an office that issued building permits etc. Is there an office in each town that keeps records of the buildings in its town ? Is there something akin to a homeowner's disclosure or better yet - is there a website that holds all this data ?
    2
  46893. Mike, I really like your videos man. I will say this. Although my house, like all of ours, is decreasing in value by the minute, it kinda makes me happy. I had to move from downstate NY to Upstate NY 15 years ago. I was in my early 30s, married with 2 small kids. I just could not afford Long Island. Turned out to be an amazing move. My point in telling you this is that I know what it’s like to not be able to afford a home. It freakin sucks. I want nothing more than young married couples to be able to get into a home, even if it means to my detriment.
    2
  46894. Sellers are also under a delusion where they think they can sell their home for double their 2021 tax assessment. I am not buying that.
    2
  46895. Its not Rich Kiyosaki I listen to. Its more of Dave Ramsey who lost it all then rose back up from the ashes of Bankruptcy that spurred my obsession of learning to save money. Live BELOW your means - hard to do when every Relator is pushing you beyond what you can realistically afford ! I learned early to stay on your Budget. Don't be fooled by people pushing you to afford MORE ! If you use CASH & see it instead of electronic exchanges it makes a HUGE difference in how you spend ! Todays world is full of electronic purchases but you don't feel a thing. The weight of your spending is elevated so much more by spending in cash ! You physically feel it leaving your wallet so much more ! Today I am in a great place financially & sleep very well every night. I wish the school systems would start teaching Personal Finance in 6th grade on up to College making it MANDITORY Classes. If you can't put a Budget together or Balance a checkbook no Graduation for you !
    2
  46896. Disabled and low income,what area?
    2
  46897. Mike you should be selling the tank tops with your logo. Looking good....
    2
  46898. My car is paid off so I dont carry much auto insurance.
    2
  46899. Boeing doing more layoffs on salary people end of January they will hit hourly workers if rumors are true
    2
  46900. Hi Lizzy, great to see you.
    2
  46901. Absolutely refreshing discussion! Thanks for being yet another honest & informative video. I’ll be in touch with a future referral. 🤙🏼
    2
  46902. Hire premier top builders. Don’t waste money on cheap crappy builders
    2
  46903. So you never really OWN your house. Shame. Im buying a manufactured home.
    2
  46904. Congratulations! Great! You should be proud.
    2
  46905. neil kashkari is the most hawkish of the fed presidents. i hope the rest listen to him because if we don't hit 4-5% fed rates then inflation will not get under control. i don't want people to lose their jobs either but its either that or people continue to lose their lifes savings to inflation
    2
  46906. Great video and I completely agree. Always better looking at blue skies if you are inside or outside your home rather then looking at dark rainy day...
    2
  46907. Sellers who are willing to make a profit instead of a killing will do fine. The rest will wait and then follow the herd to circle the drain when it’s too late.
    2
  46908. Grant fund can only be used with Wells Fargo funding 👀. That’s the death statement. WF is always gangster in whatever they try to offer. Buyer beware! It’s a trap!
    2
  46909. I lived in Miami for about 2 years. I had a contact lens lab in Coral Gables. It was in the early 90's. I moved back to Clearwater. I got out right before Andrew hit. I don't know who would want to live down there in Miami. I couldn't wait to get out of there. The crime was bad. I can't imagine how bad it is now.
    2
  46910. Hey Michael , I'm a realtor in Pensacola and would love to have a one on one with guy sometime .
    2
  46911. Cocina like in St Augustine
    2
  46912. The folks who are getting out are making SMART BUSINESS DECISIONS!!!! They are selling at THE TOP!!!!!!
    2
  46913. You are so right... "Nothing makes sense anymore."
    2
  46914. Florida & fraud go together like PB&J 😓
    2
  46915. Hello Michael I'm looking to purchase an OFF-GRID Home in Central Florida on 3-5 acre piece of land, preferably with fruit trees, garden, hydroponics in place. Space to build a pool & pond, located near river, lake, ocean? Could also be in the area north of Orlando, west of St. Augustine, or Sebring Florida area... ?
    2
  46916. Finally, been waiting all day ... hehe
    2
  46917. Hey Michael, I feel stupid, I honestly do... I have been with Chase Bank for quite a long time now and I'm just noticing an "interest charge" on my Chase Freedom card and its labeled in other ways as well, but I was never informed of these. I really do appreciate the security Chase has but...if THEY are the ones stealing from me and it's NOT being caught, because it's them, I can only sit hear as I'm doing right now and SMH. And also recently, they have started charging me a #12.00 monthly charge on my checking account. I'm not rich, lol, as you mentioned, by any means...I'm looking into it, which is how I came across your video here, thankfully, and all I need is a checking account, a savings account and a credit card. Which is pretty much all I've ever had. I need to add that I owe about $3,700 on my credit card as well. I admit, I did not follow my own rule of...charge it ONLY if I have the money in my account to pay it off RIGHT away. I failed there. Im very disappointed in myself for letting that get out of hand. Can you maybe give me your opinion here? I would sincerely appreciate it. Thank you, Michael, and I apologize for the "BOOK" here! I hope you're still responding to this video, and hopefully I'll get to hear back from you!! Thank you very much for this video, I will be looking at whatever other videos you may have as well!!! Thank you!!! Don W.
    2
  46918. That house for sale showed it's about $850 a square foot?😮 What do you feel is the fair price per square foot on the average house ,?not new construction
    2
  46919. Thank you always good videos.
    2
  46920. Sounds great and if I’m not mistaken that was Metallica👍
    2
  46921. ❤️👍
    2
  46922. If you can afford to buy another house in 2023 or a bit later when housing crashes, you can rent it out as income for your retirement. The younger you are, the better off you will be for comfort zone when you're beyond 67 yrs old.
    2
  46923. the police pulled up on you real quick 😂😂😂😂
    2
  46924. Great advice! Thank you!
    2
  46925. This are actual facts from the last Housing Downturn, metros like Pittsburgh and Oklahoma City actually appreciated in value while Phoenix, Miami, and Las Vegas went down by more than 50%. I believe a similar situation will play out across the 2022 and 2023 Housing Markets. As per Nick from re venture and I agree with him, I even think Miami will be worse as the current pricing is more then ridiculous.
    2
  46926. Our government doesn’t care about a citizens anymore they’ve abandoned us
    2
  46927. I like the shirt
    2
  46928. Yesss,nice to see Lizy!!!
    2
  46929. Very good you are providing a very important service,,,I am constantly surprised by so many people are clueless to these important subject, They seem to live in a bubble, It is not that they are stupid will low IQ , they just are not focused to the right stuff, they are wrapped up in self and trends and social media , not reality. They all just think someone is going to fix it all and it will work ut for the best with no really understanding.I just read that only 40 % of Americans even know there next door neighbor...That was not the case when I was young. Keep up the great work. Thank you
    2
  46930. You're a great guy Mike so I'll warn you in advance, avoid NYC and heavily Democrat states. These Leftists would steal your phone in 5 minutes while you were filming your video, maybe worse..
    2
  46931. I think the hot potato Game is in now.... in the real estate market and especially in Miami
    2
  46932. Wouldn’t it be nice if everyone were able to predict the future?
    2
  46933. Nice collab!
    2
  46934. You nialed this one!!!
    2
  46935. Thanks, appreciate the historical data chart on fed rate changes and months in between them. Mrs. Bordenaro, Happy Birthday!
    2
  46936. Yes landlords suffer a lot especially in Los Angeles
    2
  46937. That is my hang out - going there tomorrow. I like to eat at the Taco Shop Burrito Works.
    2
  46938. Wait until the seller’s start quoting Charlie Sheen from the movie Wall Street when he was selling his condo
    2
  46939. People from the northeast driving up real estate real bad in FL, Floridians can’t afford to buy, not looking good.
    2
  46940. History repeating itself. Banks know what they are doing. They are making these risky loans and will package them all together but will put some decent 2.7-3.5 apr good incomes at the top and sell the entire package as all great rated mortgages but under the good ones it will all be crap filled with 1% downs, 125% loan to value, unverifiable income, and subprime credit individuals
    2
  46941. As always great information and video 👌
    2
  46942. I love those shades ! Which brand?
    2
  46943. Thank you to our host for this fun outdoor walk around tour. Good topic. Hope the right persons are watching
    2
  46944. Some people live their lives. For others, life is something that happens to them. You can’t help the latter. They are hopeless. There’s no shortage of government positive propaganda out there. I’m here for the real stuff so I can prepare.
    2
  46945. You guys look great. Sorry about the Heat Wave that's here hope it doesn't last. Have a Happy 4th
    2
  46946.  @MichaelBordenaro  Awesome news. I'm glad you're going on a little vacation. I love St . Augustine and I've been thinking of relocating there . My family and friends live throughout Fla. From JAX to Miami, down to KW and back up to Clearwater and St Pete. A calm atmosphere and friendly folks are much needed 🏝⛵🐠
    2
  46947. THANK for the awesome video.👏👏👏👏👏👏👏👏👍🌻😊I do appreciate it.
    2
  46948. Condo and landord owner of many units and board member here in Sarasota just got new insurance notice. With à 2 year old roof is insain high. Florida will be self insured cash buyers only. No more landlord rentals, air bnb etc. Your cute old cottages by the Beach or restaurant are uninsurible.
    2
  46949. Yes and rent will sky rocket
    2
  46950. i saw a bad review today on an item that i bought and im not sure how im going to cancel it, because its been a month since I placed the order.
    2
  46951. Thanks for the update.
    2
  46952. Are you sure they want to slow the economy? Doesn't look like it to me. Today they did QE again. 10 year bond yield down, dollar down, and USO up=QE.
    2
  46953. i really enjoy your videos. where do you buy the treasuries? this is something new to me, i assume your return gets taxed as income? i may want to look into this, are they sold at the bank or ?
    2
  46954.  @MichaelBordenaro  thanks. Makes sense. I am going down for a visit in March and planning to look around. It was a great tip. Thanks. Do you also work in WPB area?
    2
  46955. Define " a nice retired life ".
    2
  46956. We are still seeing over asking price offers to win the bidding wars in the Northwest Suburbs of Illinois. It's better but people still want certain areas and are willing to pay.
    2
  46957. The fact the MSM is stating No Recession ahead is more confirmation it is coming. Think and Do the opposite of what they advise.
    2
  46958. The only viable EV tech is hydrogen, not battery or solar.
    2
  46959. The American Dream is dead because wall street is coming to snatch it away. Blackrock and other major players will buy it until they own it all. And the worst part is that stock market investors will fund their own demise..... everything comes full circle.
    2
  46960. Don't be concerned about moving to Florida and house prices going sky high. In the not too distant future when much of the Earth's ice melts, most of Florida will be under sea water and Florida will be just a memory.
    2
  46961. That vineyard looks beautiful at 3:23
    2
  46962. The reason I would move from California to FL is to vote red.
    2
  46963.  @MichaelBordenaro  Ok, it took me 24 hours to get back to this, BUT...I actually DO like it when I see more normal pictures of how people lived in their house that they are trying to sell. Not necessarily gross pictures, with a dirty house, but a clean house with sometimes more dated furniture, fixtures, paint jobs, etc. I look at that and imagine what the owners must have been like...were they real family people, artistic, etc. Whenever I see a house for sale that has been totally redone with gray or beige throughout the whole house, I am immediately bored with it. It is like the whole character of the house has been erased and neutralized. Besides that, when a whole house has been boringly neutralized like that, those are the ones that tend to have the price jacked up as much as possible. I wouldn't typically even be interested in that sort of home. Also, if that is not your taste and you are the new buyer, then you have to pay even MORE money to remodel it again. I like seeing middle-of-the-road houses that are nice and clean (even if dated, the owners had pride of ownership, and took care of it), and then imagining how I would put my touches on it, and what possible remodeling I might do.
    2
  46964.  @MichaelBordenaro  Very good and valid point. I have seen some disgusting houses, too. Sometimes I have seen a bra or underwear hanging over a chair. Sometimes when I have seen REALLY gross houses, I think, "What would people be after who are considering buying this house?" Usually it's that it is on a decent amount of land, at least here in San Diego. I also like to see a clean, but sometimes dated house (fixtures, etc.) to see if something stands out that might give me a clue as to why the house is for sale. I will focus on a comfy chair or a toilet with a raised seat, and think, "This house must have belonged to an older person who lived here for a long time, and perhaps went into an assisted living facility or passed on." It is always interesting to me to look at the person affects of the seller to try to imagine how they lived.
    2
  46965. This is so true. I’m a school psychologist. Love my job and love learning from YouTube vids like yours to make the right financial moves. In California as a bilingual there’s plenty of job opportunities.
    2
  46966. So...move to So Cal? Maybe North Dakota...
    2
  46967. Sadly its just going to happen. There is way too much momentum to ever course correct at this point. I want more gold
    2
  46968.  @MichaelBordenaro  And don't even get me going on House Hunters International! :)
    2
  46969. Thanks Michael for doing your great videos while you walk in the Miami summer heat 👋I know how it feels as I was at my condo in Sunny Isles Beach for the last two weeks...now back in Montreal. Always great information about the current real estate market!
    2
  46970. Don't miss out on this investor special.. sweat equity..won't last long!!.... on market 90 days
    2
  46971.  @MichaelBordenaro  BTW, we want to thank you Mike for your videos on the Florida housing market. Your videos and another blogger like you in the Palm Springs, CA called Jeremiah Babe, have helped guide our financial choices over the last year. 👍
    2
  46972. Robin Williams lived there.
    2
  46973. Hi Michael, any plans to stop in Phoenix on your way to Los Angeles?
    2
  46974.  @MichaelBordenaro  eat chocolates, watch Netflix and enjoy my body if u get me ;) thats about it during the holidays lol
    2
  46975. Do you think anyone on the sidelines can actually buy a house if the market crashes...seems like the recession will affect them the most
    2
  46976. The lies go back to 1913 (Fed creation) and actually much earlier (when US was converted to a Corporation). BTW, no YT ads pop up on my PC!!
    2
  46977. We make around 180k as a family of 3, and our recommended budget is $550k with 20% down. These people are way over their heads.
    2
  46978. The mayor of San Fransicko also allows Ileegal immigrants to drive there without a license .
    2
  46979. I got burned in 2005 buying high and my house price never appreciated much. Will not happen again if I can avoid it.
    2
  46980. Election year so all predictions for the year is suspicious.
    2
  46981. Hi Michael, I’m 15 and I recently moved from Belgium to Florida. I used to live with my mom in Belgium, but I realized that I wasn’t happy. The weather sucks and I couldn’t really do much do to the many COVID restrictions in Belgium. I eventually decided to move in with my dad, who had moved to the United States a few years prior. I wasn’t sure how my family and friends were going to react, and I was quite scared of doing it because I didn’t want to hurt them. Then I stumbled onto this video in my recommended, and your video inspired me to go through with it and move to Florida to live with my dad. Thanks to you I had the courage to live my life the way I wanted to, thank you so much for that!😄 Ps: Your channel is super underrated, you deserve millions of subscribers for the great advice you give to people that are struggling!
    2
  46982.  @MichaelBordenaro  thank you so much man 🙏👍👍
    2
  46983. Thanks!
    2
  46984. Market crash equals mass unemployment. If you are one of the lucky few to be employed and have good financials, you should be able to get deals
    2
  46985. We don't need more housing. We need investors and international buyers to release the properties they own.
    2
  46986. FL state employees pension fund is doing quite well, but they don't invest in Democrat Marxist ESG banks like SVB and Signature Bank.
    2
  46987. Tornadoes - Oklahoma. Florida needs to create a not for profit state insurance everyone is part of. Just do building replacement value. ...... and gert reinsurance. Problem with flooding is that inland flooding is extremely likely now that we push more inland.
    2
  46988. People listen to this very common sense Realistate young 👨!
    2
  46989. What will the mortgage rates be in a few months 🤔. Catch 22 waiting for home prices come down while mortgage rates increase.
    2
  46990. Happy you received your you tube button. I'm hooked on watching your videos, which are full of information. Look forward to seeing more.
    2
  46991. Michael… keep bringing the facts.. yes things are serious across the board!! Excessive personal, business and corporate spending is beyond control! Debt galore! Serious issues on the way for America.
    2
  46992. For nothing. Anyone can have a. Gym, or Sauna. If you have a roof leak, expect no help from Management. President. B.O.D. You're on your own. I'm experiencing this matter,and I refused to pay Maintenance.Not one Person helped me. I needed to call in a Restautation Man to fix my entire Kitchen, & Living Room Wall.I paid out of my pocket without and helping from Maintenance. I'm taking the Lawyer to the Bar Association for this on going soga.I just begun to fight. I don't pay for a Roof Leak then for 10 months later,I have a soaking wall. I don't appreciate this kind of living. If there's a said Normal Lawyer whom works best for H/O/A's, let me know about this matter.
    2
  46993.  @MichaelBordenaro  I just noticed your reply. This is unfair to the H/O. Why not remove all unprofessional Management, President, B.O.D., and get a "New Lease," on Living in a Condominium? Why must a H/O leave on account of horrible Management? There's a sign made daily. It says: "Under New Management!" This is what's needed. All Associations, which works with Condominiums, should keep VERY STRICT TABS on all Condominium Managements. CHAMPLAIN TOWERS fell on account of Unprofessional Management. "Is this the New Style of Living In A Condominium?" I'll inform you Mr. Bordenaro, this Management Company Person was Fired from here last Management Job, and now has her own Condominium Management. She was awful then, She's Worst now. I don't hire awful help. Ever here of "Xclusive Management?" You all should look into how a Condominium Organization runs. Thank You!
    2
  46994. 🌺🌴 thanks for another amazing video. Dunedin looks like a nice relaxing place. Just the right combination of quiet charm and fun. Beautiful town. 🌸
    2
  46995. You guys make a great team. Children are a blessing and my biggest regret in life is not having more kids. From biblical times up until around the 1950's, most people came from large families. It has only been in the last 50 years that there has been this fallacy that kids cost a burden and cost too much. They are a blessing and are an investment. The flip side is if you bring them up right, they become contributing members of society and end up making more money than you do. This is how you build generational wealth. You leave an inheritance to your children's children. Don't spoil them, but people who have this "anti kid" mentality never see the other side of the equation. The difference since Sleepy Joe took the wheel is that inflation has sky rocketed and there is a complete disconnect between the stock market and the average worker, making it very difficult to purchase a first time home.
    2
  46996. Jupiter, Florida and Key West, Florida, my 2 favorite places and have been to both many times. I have been to all 10 places on your list.
    2
  46997.  @MichaelBordenaro  , have you been to Destin in the Florida panhandle yet? That is very nice from everything i heard.
    2
  46998. i like to hear how you think and talk
    2
  46999. 15:42 I learned about this tactic about 20 years ago and it was called conspiracy theory 20 years ago. For the first time in modern history we can get information directly from the source if they choose to. The US United States citizen is naive but they teach us to be naive. That is of course if you fall for their repurposing of you aka the new education system.
    2
  47000. It will take another 2 years for the housing market to be at pre pandemic levels. It takes time..
    2
  47001. I am thinking about moving closer to the Miami Beach area to live and work around there all day, i make 100k year, do you recommend i rent in the area for about 3k or just jump into buying an apartment, my budget would be around 350k-425k
    2
  47002. Driving in Miami is truly insane 🤯
    2
  47003. Good video Michael, kudos to you and the mrs, you can vacation for so long in california...
    2
  47004. You need to walk around at night before you buy.
    2
  47005. All I know is whenever Wall Street gets involved in anything things go to crap. Did they have to get into real estate and play landlord to the masses? No, of course not. It's straight up greed. They've greased the skids for the rest of us and now it's going to be a fight to hold on to what we have.
    2
  47006.  @lisaandmandiontheroad8504  Yes, I'm not an engineer, but per a conversation I had with someone in the construction business, developers are increasingly using graphite rebar which does not react with salt or moisture.
    2
  47007. Thanks!
    2
  47008. What's the average monthly penalty for cranking up that dual rectifier?
    2
  47009. Im guessing those who are getting all this loan forgiveness will get documents stating so.. maybe the week before the election?.. as a reminder of who to vote for.. vote buying scheme 💯 %
    2
  47010. Yayy!! Voiceovers and walk maps were my suggestion. I feel so special today!!
    2
  47011. Lizzie is ALL about the Hills!
    2
  47012. Zillow with their Zestimate and Redfin with their own algorithm driven metrics has DESTROYED the housing market. Homeowners and realtors look at as a stock ticker. People don't talk about it.
    2
  47013. 🌴🌴🌴 I’m not sure how many comments you read especially after 1,500 of them ❗️ But i Just wanted to remind you that I’m still watching your videos each and every day. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  47014. Another great and informative video Michael. Love everything you do bud.
    2
  47015. May I ask what area of Florida you are walking through. It's really nice. I'd like to Zillow the homes in that area. Thanks.
    2
  47016. @Michael Bordenaro  Thank you sir 👍
    2
  47017. Congratulations 🎊 you scored
    2
  47018. Is Alton Road not a PubliX ? Not sure ,,,,or in the Near ?
    2
  47019. Watch out for alligators 🐊 😮
    2
  47020. I hope that we taxpayers are not guaranteeing these 1 percent mortgages.
    2
  47021. But erreybody has a sob story these days. I could do a channel just on all the sob stories in the 6 blocks surrounding my primary residence. Oh, lawd! Home problems, car debacles, WOMEN!, damm kids, boyfriends, f#$@#%' siding contractors,. . .
    2
  47022. I’m not following the logic. So the rents have shot up since the housing is unaffordable. Yet, the rents are expected to decline due to….. ummmmm housing even more unaffordable? Help me out here, I am too stupid to understand. I can tell you this tho - my ocean front condo in HB has never been in higher demand, than now. Perhaps the rentals are local thing, and shouldn’t be grouped as it’s all the same.
    2
  47023. Demanding a Law only increases Government involved in transactions theyre not needed. Caveot Emptor and due diligence applys.
    2
  47024. If you want different scenery come to the Bronx and walk around just do me a favor don’t wear your flip flop wear sneakers
    2
  47025. Jack, thank you for honoring Mike by not wearing sleeves 👕 today. 🙏
    2
  47026. It's not what you make but what you keep that counts
    2
  47027. High interest rates on loans back then was also for savings too. But now is the upside down economic environment which only benefits the bankers. Don’t go to school to learn economics. It’s a scamnomics. 🤣😂
    2
  47028. This has become my favorite channel!!
    2
  47029. Are there problems with mold, termites and other bugs in Florida? One great thing about living in the upper Midwest is that bugs completely disappear for 7 months of the year and it gets very dry and no termites. The crime seems insane in Florida. Story after story of insane violence. People will kill you for $100. That's desperation.
    2
  47030. 👍
    2
  47031. The boomer generation only needed a high school degree and they would have a decent job. That generation also voted in politicians who ran up the debt to unpayable levels. They're also the generation who calls this generation lazy and spent all of their savings on themselves to teach "work ethic.". Meanwhile, this generation needs a freaking Master's degree to be competitive just to get a house. We inherited this dumpster fire that the boomers created.
    2
  47032. I believe that the U.S. is suffering from Greedflation where all the corporations and businesses are and have used the Pandemic as an excuse to raise prices as high as they can get away with. They want to recoup any losses that occurred during the Pandemic and make exorbitant profits now and into the future.
    2
  47033. As usual awesome content.
    2
  47034. ❤❤❤❤❤❤ YOUR VIDEOS MIKE 💪💪💪💪💪💪💪💪
    2
  47035. I would love to go in to the office a few times a week. Unfortunately, I live 3,000 miles away and there’s no way in can afford the rent/mortgage in my companies state. They will never ask me to come in and it is in my contract.
    2
  47036. Since Texas has America's largest black population, one doesn't have to be a calculus to work out who the most likely victims will be.
    2
  47037. No money ✅ No credit ✅ No problem ✅
    2
  47038. Lived in Saint Petersburg Florida from 1975 through 1980. Looking time ago. Never lived in an apartment. Always a house rented. There was a financial crash in the 1980's. Then business development gave a makeover to St. Pete. Now as of today, it's cheaper to Pay a mortgage than it is to rent.
    2
  47039. Thank you for posting this.
    2
  47040.  @MichaelBordenaro  I know. Many merchants in Arizona will charge about 3.5% more if paying by card because they don't want to pay the card company that amount, even though a part of that may be a business tax deduction.
    2
  47041. Subscribed! Based SOLEY on the fact that you're so aware as to not only step around gross dog water, but ALSO that you stated without hesitation, just how rude that is <3 Be still my heart LOL
    2
  47042. We need a video of best places to live in Florida without the Hugh cost of living
    2
  47043. 👍👍
    2
  47044. Agents here in a Utah are saying non of the stuff will effect the markets here in Utah. They say it’s all BS. They say the market is now up ticking. Mike what’s true?????
    2
  47045. Thanks for the video!
    2
  47046. Ah The FountainBlue Hotel!!! Paid off a cc $4000 working on another one that just increased interest from 7.5% to 9.5%!
    2
  47047. 😂😂😂😂Intro hilarious! Love it. I have to say for me in Naples, FL great start to the new year. Although deals have been priced correctly. Buyers are more wise so they know BS when they see it. Good on them. No listings yet for the new year. Happy New Year to you. Again, love your content.
    2
  47048. What's up with the "joker" print in the background inur video?
    2
  47049. Thank youuuuu!!!🤍🙏
    2
  47050. Great video as always Sir :)
    2
  47051. Mike, In Canada, Just to show you, in March of 22 I was getting 0.65% on a one year GIC, By june another matured received 3.1%, last week re invested another, now at 4.65% from our bank. Do you believe that the fed and the BOC, are colluding to destroy the crypto market? Seems to me this is why they are trying to get people to invest money back in the banks, just a thought.
    2
  47052. 2 of my fave guys together nice!!!
    2
  47053. Dood for Florida
    2
  47054. I live in IL, not too far from John Deere. They are laying off as sales are way down. In fact, if Deere doesn't move production to Mexico, they will most likely go out of business. Yes, John Deere. Harley Davidson is probably next. But, at least all the new third world illegal immigrants will help the economy, Kamala will make it better.
    2
  47055. I lost $950 in zelle with BoA. I reported it to BoA and they refuse to reimburse me for the hack. They only closed the checking and opened a new one. What a hassle that is.
    2
  47056. I have no interest in watching AI generated content. Seems creepy. We have plenty of human creating content :)
    2
  47057. Feliz aniversario, Lizzy!
    2
  47058. This is a very knowledgeable conversation between you two!
    2
  47059. If you've ever seen what a field service engineer makes on some of these "employee machines" service contracts you'd know these fast food chains likely won't be saving money. But maybe that's just healthcare that pays out the rear for automation.
    2
  47060. If you leave rubbish outside your door so will i If you swear so will i If you live a reckless lifestyle so will i.... just say NO !!!
    2
  47061. Joe Biden killed the economy with that green new deal scam!!!!!!
    2
  47062.  @MichaelBordenaro  So True Michael ! Everyone thinks they are millionaires but they are Brooke!😼
    2
  47063. I went to an open house today in central California and the realtor was present along with a loan officer assisting in having potential clients with some "Free money"... is this common practice?
    2
  47064. Thanks for the quick eye candy 🍬
    2
  47065. A report from Charlotte county FL. Many,many new homes lie idle 1/2 built. Anyone that bought high was in La La land. We had inflation as low as 1.4% and then came Joe. These Stunads won't blame Joe at all seems they are brainwashed. Also many , many rentals lie empty. Some renters went homeless. No one wants to talk about this.
    2
  47066. You have living space !!! You don’t own the land !! Why does your condo fees exceed your property tax !!
    2
  47067. Amazing a person making over 300K annually in such a scrape. Totally financially inept person. She could never sell those EV toys for close to what she paid for them, plus EV's depreciate faster than regular cars due to the expensive battery replacement.
    2
  47068. I must have missed an episode or two, what is FOMO??
    2
  47069. You're 💯 right that you need to watch what is happening, not what politicians/government officials are saying. They're usually lying to "keep the public from panicking." Actually, they just don't want you to know anything until they get all of their money squared away. After that, they aren't concerned with us peasants panicking. When we panic, it just allows the politicians to seize more power "for the good of the public."
    2
  47070. Hey Michael Redfin just announced another round of layoffs as well
    2
  47071. Michael you are my brother from another mother, even when you are venting, you are funny and 100% on the money. I couldn't agree with you more, going out now is cringeworthy on so many levels.
    2
  47072.  @MichaelBordenaro  that’s great to know, thanks!
    2
  47073. We got a lot of decent snows in rural Tennessee when I was growing up. The snows aren’t big compared to other places, but the trees would take out the power. It bad times it would be out for a week. Seemed like an adventure as a kid. Certainly not scary like a hurricane.
    2
  47074. Michael, I agree that we should be prepared for a worst-case scenario. In fact, that is how we should look at our future at all times, regardless of current economic and real estate conditions and trends. Like the old adage says, “Expect the worst, but hope for the best.”
    2
  47075. First 🎉😁 thank you for another great video ❤
    2
  47076. You ought to contact Aaron Clarey if you want a lively conversation about Minnesota. He actually did another video about it yesterday.
    2
  47077. Congratulations 3 yrs on YouTube....we love watching your videos weve been watching since the beginning they are very helpful and informative. Thanks for all you do continue on your journey and we will continue to support 👍
    2
  47078. Great VIdeo!!!!!!!!!
    2
  47079. i am one of the "circumventers" lol
    2
  47080. Great area your in!!, WOW…And great video as always..
    2
  47081. What really pisses me off is legitimate businesses like ours was denied the PPP loan (in business since 2006) and because of Covid we lost our business. We survived the recession in 08/09 only to be wiped out from Covid. Absolute crap that our Government could tell us to shut down, cause us to loose our business and have ZERO responsibility for creating the mess we ended up with.
    2
  47082.  @MichaelBordenaro  wow! That’s crazy! I’ve never seen it that busy!
    2
  47083. You literally were walking a minute from a home I sold for 392k in 2022! Bought it for 224k in 2020. No capital gains tax cause I lived there! What a coincidence. I loved that neighborhood.
    2
  47084. Monster shadow inventory... That first property w rent of 5.4k ... Think thru taxes, property insurance... maintenance... N net yield for that price. So much better off with 5yr treasury or CD from multiple banks
    2
  47085. Theres always only fans or being a stripper
    2
  47086.  @MichaelBordenaro  Cool! Does Florida require RE consulting income to be run through the broker or do you have a separate entity for that?
    2
  47087. The joke was “we full”, but it’s not a joke anymore. Everywhere is packed with people and a lot of them lack sense. Asking for common sense is asking to hit the lottery.
    2
  47088. Can you imagine 😍 taking out 10000 for a wedding and getting divorced next year!
    2
  47089. Hey Mikey, I think someone hacked your IG… I got a message from u just now on IG, pls confirm if it was u. Thx
    2
  47090. Set a reminder on your phone to ask you in Q4 about the rates.
    2
  47091. 2 Guys 1 Economy
    2
  47092. Hey its Michael Bordenaro
    2
  47093. Couldn’t new homes come to market via foreclosures?
    2
  47094. I have wondered how you both were coping since the collapse. I’m sure it’s been in the forefront of so many people’s thoughts since that day. Especially those who live in high rises. So sorry for the loss of your neighbors.
    2
  47095. So when won’t we be at risk?
    2
  47096. 10:50. If you are under 35, and a millennial. time to grow up. Watch and see. This is just a cynical gen Xer warning you, Do as you will
    2
  47097. Thanks for your transparency
    2
  47098. Good content thanks
    2
  47099. NICE TOPIC
    2
  47100. Plus they're are many ways to get takin' for a long ride without any "laws being broken", trust me on that one.
    2
  47101. Tha nk Y ou!
    2
  47102. I think the Miami, Fort Lauderdale area will always be expensive
    2
  47103. Not sure how these new subprime mortgages that they are unveiling can pass the Frank Dodd laws? Here we go again. We just never learn from history.
    2
  47104. Nice haircut Michael!
    2
  47105. Michael, I came from nothing and was determined to work harder than hard to become educated to secure my future. I worked 3 part-time jobs to pay my expenses and attended cheaper colleges for my undergrad, which were very affordable. For my master's and doctorate, my hard work paid off, and I was granted scholarships to pay for my tuition. My career is not easy, and I have never given up. My salary is lucrative, and even if I lose my job, I can get another one immediately. My 3 children followed my footsteps (with my guidance) and are doing well as young adults. It is possible to be successful, but people don't want to put in the work, and they live above their means. Personal responsibility is missing in the equation. It still is true you can have a financially secure life and have enough extra to save money starting early. In fact, saving should be first, not last.
    2
  47106. Michael, Looks like you are in Marin county California as that looks like Mt. Tam in the background??
    2
  47107. Thanks for pointing out the Shul! I'm considering moving here and that was important to me.
    2
  47108. I live in a suburb 20 minutes away from the (war zone) MPLS. You will need 500-600K to buy something newer & decent. I'm coming down brother, not to Miami but maybe a modular somewhere in Florida. Tired of our 8 month Winters.
    2
  47109. New York City workers are still being offered a full pension with a health plan. And you only have to work 20 years no age requirement.
    2
  47110. I'll follow on that even a smaller metro in the Case sample - like Tampa Bay - had a higher than 100k median in 2000. and if you think houses were 100k in SF or NYC then, you are way off. whether you look up your neighborhood or city in redfin, zillow, or case-schiller.... it is usually a mistake to extrapolate that to the entire American economy. silly. there is a characteristic of throwing a dart at a dart board. your city may or may not reflect america. or a loose correlation. Miami crashed. Austin didn't. etc. where Case really goes off is it was modeled in a time where there were only 3 major metros, and 20-25% of america lived in metros of 3M and 2M. Today those numbers are 30%-40%. and population blows prices up exponentially. see SF, NYC. I'd have to do some math, but that case 250 will be at least 750 in real dollars. haven't read the comments...but hopefully someone else may do redfin. case, and zillow.
    2
  47111.  @MichaelBordenaro  You look great, Michael. Your bathing suit is SO MUCH better than these ugly long to the knees or below bloomers that so many guys seems to like. How the hell do they swim in these? They must just stand around in the water with water-soaked bloomers. You have good taste.
    2
  47112. of course renting is cheaper than buying. at least while you make mortgage payments. only with equity or payoff does a home win. should be $1000 less a month to rent. and invested that almost aways is ahead in the long run. and assuming you move cities.
    2
  47113. Are real estate prices dropping in Miami? Home prices in South Florida are finally falling. Last month prices fell in Miami-Dade for the first time since 2021, and prices in Broward have dipped for the first time in months. For those who have been waiting for the market to cool down, this is great news;.Sep 27, 2022 NO! is not good news, Real estate will go lower, including Miami, people will not move to Miami and pay ridiculous prices for homes. Insurance, Property taxes and repairs, regardless if they come from states like CA or not. My recommendation: Stop buying, stop paying this ridiculous prices, We buyers are the problem, not the sellers. Do not lesson to crazy brokers, or real estate agents like Bob Ashworth, nor people that are out of their mind. You waited till now, you can wait a little longer, same for rent. STOP! do not play their game, play yours. OOPs hope Michael agrees :))
    2
  47114. This stimulus seems more like money laundering. What good a single payment of $300 does to you? And then you compare to home prices going up in price 70%. Something just does not compute.
    2
  47115. Social security is a scam lol. Don’t rely on social security if you are under 40, you most likely won’t see it
    2
  47116. 12:20 - Lots of people selling before the increases take effect. Combine that with 7% mortgage rates, and look out below!
    2
  47117. Hey now, easy with the San Francisco, Buddy. He he. You're right tho. Ha ha Anything with progressive policies turn to crap. Go woke, go broke.
    2
  47118. sweet backdrop
    2
  47119. Our water bill is $140 per quarter
    2
  47120. I have NO interest in the FL R/E market. But, your videos are so interesting and informative, I am drawn to watch your narrative filled with common sense. You seem to be a genuine person. Wish you all the success and the best!!!
    2
  47121.  @MichaelBordenaro  Please do! All part of that Floridian / Bordenaro Charm. : )
    2
  47122. I live in Miami three million for a house in North Miami is ridiculous.
    2
  47123. Very good information.
    2
  47124. Nice video but the costs vary so much from region to region in Florida that it would be more beneficial to do a series of shorter videos based on area. For example, my costs in Ocala are so much lower than in Miami.
    2
  47125. Glad you had the 🎸 video saved we know that's your house ❤❤
    2
  47126. Perhaps people securing a heloc now are preparing for the future, with equity so high they can obtain more money against the homes value. Securing a heloc is different to spending it, having access to money when the market tanks would be beneficial and the interest rate only applies when the money is withdrawn which will come down if the economy declines. Therefore you would need to know how many of these helocs are actually being used imeadtly and what people are using the money for before using this data as an indication that people can't afford to live.
    2
  47127. Great reality check Michael things are just going to get worse time to sand bag not spend
    2
  47128.  @MichaelBordenaro  sir what is your email address
    2
  47129. Can I buy with an ARM rate and when it’s time for it to change, “sell” it to my dad for a more reasonable rate during that time? That’s totally legal right ? Lol of course taking note that we fully trust him and he’s “bought” on our behalf before and of course knowing that we’ll be the ones actually making the payments
    2
  47130.  @MichaelBordenaro  Really enjoyed hearing you play the guitar You are very talented Calladesi island seems nice and peaceful and happy belated Birthday 🎂
    2
  47131. Was in sausalito by the water a few days ago, by the water is a real treat
    2
  47132. @8:00 Don't you mean WHEN a hurricane hits?
    2
  47133. Go ahead and do what you want...LMAO.
    2
  47134. Coming from someone who works on power lines, a vast majority of the country cannot handle electric vehicles. There’s many areas with poles and wire from the 20s and 30s, I know I’ve climbed them! They were built before most major appliances were invented. The system can barely keep up as it is. A solution would be to re-conductor (put up new wires) the whole country into larger wire and more substations to handle the larger load. All of this is of course assuming the power source (solar, wind, coal plant, or nuclear) has the same capacity to deliver that much power. They would likely need more transformers as well and there’s a shortage of those right now. Far, far, far from ready!
    2
  47135. It is called freedom, Michael. Applies to investors too. What you like about Florida. Also being by beach is an expensive place to be.
    2
  47136. Wages have to go up. Significantly and soon.
    2
  47137. Michael Bordenaro yes you would like it in Paso. Less pretentious and hometown feel. There is great music on weekends and restaurants. People here are very friendly. San Luis Obispo just thirty minutes south is fun to visit also if you come through again. I stumbled onto your channel since I’m considering moving to Florida where most of my family is. Enjoy the videos!!
    2
  47138. Didn’t know you could SHRED!! And yes, the foreclosures are starting to fall onto the websites selling homes. Stay safe out there. Maybe you can put together a band.
    2
  47139. this will not be good for the consumers.. please look into this further... we should make sure we say no to this horse manure
    2
  47140. It's in the NAR's best interests to spin the narrative that there won't be a housing crash. Their realtors will always tell prospective home buyers that "now" is a good time to buy a house. Their livelihoods depend on it. Well, now is NOT a good time to buy a house. Demand is still low, even for those that can still qualify for a mortgage. People are afraid to jump in right now for good reason - they think their property's value will drop after they buy and they'll lose all their equity. I believe their fears are well founded.
    2
  47141. Picture quality is good and audio too!😱
    2
  47142. There too many realtors out there already, no referral need...
    2
  47143. Wow I’m in the same situation. Thank you for sharing
    2
  47144. Enjoyed this.
    2
  47145. Thank you. You are a rare wealthy couple. Telling truth to the poor. The government wont spread it across mainstream. Just bad news and war stuff. How many people getting killed and lies that everything is ok.
    2
  47146. Fewer working people will be needed in the future. What was the salt of the earth is being replaced with computers and software, and there will be less retail. The only way it would come back is without the Internet. Inflation will continue.
    2
  47147. You rent an apartment so you can always move into a house 🏠 so no worry. Think about the people who are alive but they lost everything except for the clothes on them
    2
  47148. "Come visit our model condo at One-Side Sunny Isles Beach"!
    2
  47149. I love the thumbnail pic for the video. It's the sign for me 😂🤣
    2
  47150. Keep showing the deals, good and bad deals
    2
  47151.  @MichaelBordenaro  Awesome! Thanks for the reply
    2
  47152. MICHEAL, very nice Video. You can tell you care about life and enjoy your life.
    2
  47153. Want to get rich dump the girlfriend
    2
  47154. Michael; "This is just getting started". So true. I will add another truism from the trading industry. "Never try and catch a falling knife". Potential buyers should keep that in mind, imho.
    2
  47155. Housing should not be turned into financial instruments. People should be able to have a decent place to live that doesn’t take half their income. The FED screwed everything up for so many people. We will all be slaves before they are done.
    2
  47156. I used to go to Disney in Fl a lot when i was younger. I hated how humid and hot it was in the summer. I lived in SD and its been dream to move back haha
    2
  47157. i refuse to pay any decent money for an OLD trailer they do not appreciate they only dilapidate!
    2
  47158. I had a new 60inch tv that developed picture issues in its first year. After several months of back and forth with their returns department (shipping it back at my expense would have cost over $900) they sent me a free new tv. They told me there's nothing in these new tv's that is cost effective for them to repair. So there you go.
    2
  47159. Michael, have you gotten any real estate clients from your youtube channel? Maybe you will get to a point where people just come to you.
    2
  47160.  @MichaelBordenaro  Yeah just follow your instincts. I have to yet see how real estate will work for me. I am relatively new and just made a transition from Marketing Mgmt to Real Estate. It may just be a temporary thing for me unless I can make it work. Like you, I am also more of an introvert but have learned to hide it.
    2
  47161.  @MichaelBordenaro  Merry Christmas to the 2 of you!
    2
  47162. Great video as all your videos and very informative. Do you have video of buying home in Florida with cons and pros with a 15 or 30 year mortgage payments?
    2
  47163. The insurance just went up 30 percent for 2021 you could easily pay 300 to 500 per month on insurance add 200 to 500 in HOA fees cutting the lawn heat and humidity just rent before you buy the scam
    2
  47164. Great job on this report!!!
    2
  47165. I wonder how much earnest money was lost on the cancelled contracts?
    2
  47166.  @MichaelBordenaro  Yes I did, thanks for video!! 😄
    2
  47167.  @MichaelBordenaro  Thanks again Michael for giving me that in depth advice. You helped made my move from NYC so much smoother. Yes the beaches in FORT LAUDERDALE are beautiful. 🏖 I'm in total gratitude that I now live near the beach with coconut 🥥trees and Sunny days almost everday. God is 👍good. Keep up the good work.
    2
  47168. 19:00 Damn, you could have dropped a VPN infomercial right there for a little coin!💰
    2
  47169. With your explanation of the FED policies I better understand why the ECB does not want to be as agressive as the FED is. Causing a depression is not the smartest policy. This off course is the consequence of the Bernanke Free Money policies in the past. But they'll never learn I fear.
    2
  47170. I agree with you 100%. I don’t have Amazon Prime and I don’t even use all of Amazon’s services except for the buying items from Amazon. And even after buying an item from Amazon, I don’t need the item the same day or the day after. My question is, on an item how can someone tell if the item is coming directly from the Amazon’s warehouse (for the 2 day free shipping)?
    2
  47171. The smart ones whose loans are forgiven and they are suddenly free from debt, will think long and hard before traveling down that road again. Most believe they will never be free of debt and just want to enjoy every ounce of life they have left.
    2
  47172. Powell is still on the record saying last week that they need inflation to about 2%, and it will be painful to get there. He is not saying anything about pivot.
    2
  47173. Jumping on they made one me too train gave me a chuckle, I saw them.
    2
  47174. 2nd Happy Birthday Lisi!!! You two enjoy yourselves!!! Looks like a beautiful and peaceful place. Michael, heard BofA analyst calling for a major recession starting the month of May. They are predicting major stock corrections along with high employment. We.already knew we were in a recession but with banks saying this it's bad. Powell said it would not be a soft landing.
    2
  47175. It's not the HELOC. It's a lack of discipline and personal responsibility. I've had a HELOC since 2017. Credit line $90,000.00. Unpaid balance, ZERO. I used it once in 2017 to buy a brand new car. Paid it off in a couple of years. The HELOC costs me nothing to keep. Folks have no self-control.
    2
  47176. Employer: "You're 3 hours late!!!" Employee: "Sorry, I had to charge my Tesla" Employer: "You're fired!"
    2
  47177. You're from the east, you don't really understand how dry the west is. And how important water and water law always has been. Denver, for example gets a yearly average of about 13" of water. (rain and melted snow). PER YEAR!!!!!!!!!!!! I know places in the east can get that in one day. Once you go west of the 100th meridian the US dries out tremendously. Goes from 50 to 100 inches of water per year to under 20. Easterners don't understand. There's a book "Cadillac Desert" that was written back in 1980 about the dams and water such of the west. It's quite interesting and well worth a read (even though ti's 50 years later and pretty much none of the author's predictions have come to pass). But the history is fascinating. we used to build infrastructure to move water around, but as you can see we don't do any of that anymore in our failing society.
    2
  47178. Yeah I make that avg salary and went to college. Problem is I’m in San Diego and the avg cost of a home hit $1mm. My wife and I are millennials she makes $130k. We have no debt, but there is no chance of us owning a home here without parental help. I don’t know anyone here who’s a home owner that doesn’t receive massive family subsidies. They dropped the news of the electric cars on us and then a few days later told us we have to conserve electricity due to a massive heat wave we’re in.
    2
  47179. DRAPER, UTAH (AP) — Two dangerously unstable homes whose occupants were ordered to evacuate six months ago collapsed down a hill Saturday in suburban Salt Lake City. No one was injured when the unoccupied houses on the edge of the hill broke apart early in the day in Draper, about 20 miles south of Salt Lake City.
    2
  47180. Up up algo bump❤
    2
  47181. Respect
    2
  47182. I love Bradenton. Glad you mention it. By the way, you are "cool".
    2
  47183. Take the Wife,Ocean View Drive, 2 waters..ALOHA
    2
  47184. Michael, Enjoy your prime rib to celebrate this great channel. Buy your wife the best dessert they have for being security for the car 😊
    2
  47185. I watch because you are genuine and real... not the bullshit propaganda news 21:41 networks
    2
  47186. Right now it feels like buyers and sellers are in a stand off, and whoever blinks first that’s the way housing prices will go.
    2
  47187. This is like one of those videos about Wall Street Bets people that lost a ton of money on a risky gamble. It makes me feel better about my own terrible financial decisions. Thank you
    2
  47188. Thank u so much! I’m looking at taking a trip down I’m from good old CT - Blah 😑 My ultimate goal is to find the drs I need- and take a leap of faith ...
    2
  47189. We now have a demand problem.
    2
  47190. Michael B., Yes indeed! Your revelation you are a contrarian is not unexpected. I too am a award winning member of the same club. Perhaps is one of the many, many reasons I I appreciate your folksy manner when delivering the straight truth. Having spent much time in South Beach environs, Coral Gables, Coconut Grove (w/Stephen S. back in the day) and other favored Florida locations it is a pleasure to keep in contact with you!
    2
  47191. My income approximately 80 K the past three years I’ve been buying the dip in the stock market with all my extra money, keeping my bank balance at near zero
    2
  47192. I certainly didn't like the CPI information this morning. Do you see this as bad news for home price deceleration?
    2
  47193. What town was this?
    2
  47194. Inflation is different from country to country. Some are seeing little to no inflation and some are high. What causes this difference? Is it just because corporations charge more in some places and less outer?
    2
  47195. President Biden and the media tell us that the economy is booming, so I'm happy to know that no one needs help anymore. I was worried that some people might be in trouble and that I should help, by donating to the food bank for example.
    2
  47196. The latest is huge hedge funds buying trailer parks..raising rents on people with fixed income. Wallstreet journal article called it "Waffle House people chained to their table" easy profit. Sam Zell owns 165,000 mobile homes, and now buying hospitals...we've gone from greed to beyond sick...
    2
  47197. The money pit 😢
    2
  47198. Stop there!!! My daughter and her Engaged Boyfriend are NOT ready to buy a home. He's a Doctor and she's a dental hygienist, they are waiting to buy a home , they might in the next 2 or 3 years. For now, they will rent and where they are moving too , it's not their forever resident. Who in their right mind would want to spend $200K a year for taxes, that's crazy . The person has to be rich to own this home.
    2
  47199. G.O.O.D is a great idea!!
    2
  47200. Not only did they lose 20K, but they are taking a huge chance that insurance won't cover any issues that arise like a water leak, break-in, vandalism, or squatters since its EMPTY. FL home sales SEEM "resilient" because so many people are fleeing blue states. When THAT dries up it will crash.
    2
  47201. "If you're coming from California, you probably surf"----um. nope. I think I've only met a handful of people who surf in my 20 years here (8 in San Diego). Totally depends on where you live. Only SoCal has beaches you can surf at.
    2
  47202. Nice discussion Michael!
    2
  47203. I Bonds bought now pay 9.62% for the next 6 months. They can be bought via the government's TreasuryDirect website. Maximum $10,000 per calendar year per account.
    2
  47204. As long as Desantis is in Florida I’d live there... I’m in California and haven’t worn a Mask in over a year. I just say No thanks I stopped that almost 2 years ago. I smile, I Tip, I’m never Rude.
    2
  47205. You have a nice neighborhood is it in ft Lauderdale
    2
  47206. Don't drive into San Fran...
    2
  47207. Watch out Michael, hurricane Hillary Clinton is getting ready to hit California
    2
  47208. the interest cost of the national debt is going to exceed the military budget. We are beyond saving the USD from going to zero. This is another huge transfer of wealth to the elites.
    2
  47209. Hi Michael. I would like to buy a place in Florida . To renovate and sell . I don’t know what area is nice to buy a place around $300-350 ? Maybe it’s not good time for that I don’t really know? I leave in Toronto Canada .
    2
  47210.  @MichaelBordenaro  Thank you
    2
  47211. Thanks!
    2
  47212. Don't vote for any politician who wants Central Bank Digital Currency(CBDC). They want to control you.
    2
  47213. Thanks Mike, really makes me think.
    2
  47214. Yes, so much more to see. Orlando/Winter Park, Crystal River, Amelia Island, Ponte Vedra….
    2
  47215. This summer we will see the market go down in Florida, I'm guessing. Tons of fake equity there.
    2
  47216. wow, don't know what camera you are using but, it's good.
    2
  47217. GREEN 😁😁😁😁😁😁😁
    2
  47218. I'm looking forward to my own blue tarp
    2
  47219. Still too high.
    2
  47220. Hi 8:29 AM Sunday Adelaide australia enjoying Your show.
    2
  47221. It sounds like things are returning to " The Good Old Days" when normal home purchases happend. Get the best deal you can, just ask.
    2
  47222. People bought homes back in 2008 - 2011 had sweet prices even though the interest rate was 7% - 8%. When the interest rate went down to 3%, those people just did refinance. So they end up with low mortgage with low interest rate. Those people jumped in and bided each other out from mid 2020 to mid 2022 at 3% interest rate, they really had no choice if they loose jobs because they bought homes nearly twice expensive, plus they willing to pay $50K to $100K above asking price to own one. Thanksgiving and Christmas are the happy time and also the worry time because the mass layoffs normally happen around these holidays.
    2
  47223. I am a new subscriber
    2
  47224. This market has been broken for a long time way before 2019. People couldn’t afford 450k homes in 2019 how you going to afford 600k homes now. It’s never been fix after 2008-10. America don’t fix problems they just put a bandage 🩹 over it and tell you to stop crying 😢. Adding extra years to your loads is not fixing the problem. It’s helping them bring prices higher. And so we here today with another problem. 😢
    2
  47225. If rents get considerably cheaper then homeowners who can't really afford their current home might sell and become renters instead. Some food for thought.
    2
  47226. Who goes to YouTube for the truth 😂 just opinions and guesses baby...@Micheal Bordenaro will be super tan by the end of Q2 with all this outdoor walking...get those steps in 😁
    2
  47227. Happy 3rd Birthday! I really enjoy your commentary and the beautiful neighborhoods in the background.
    2
  47228. Very interesting video, thanks.
    2
  47229. It's election time, Michael. The gov says whatever they want to get votes. All I look at is gas and diesel prices which are the root cause of inflation and also the first piece of domino. Meta (Facebook) announced 11,000 job cuts. Twitter just announced "bankruptcy", FTX (Bitcoin crap) also filed Chapter 11. There are many other big/mid/small size companies will announce their "restructure" soon.
    2
  47230. I remember when Newsom cleared out the homeless in San Francisco just before his new boss Xi Jimping showed up.
    2
  47231. I built a home signed in 2020 and still kept my old house. I could sell so yeah I love this high market
    2
  47232.  @MichaelBordenaro  I was asking you :) lol
    2
  47233. Michael Bordenaro thank you :) I’ve been doing a ton of research hopefully I’ll come across something affordable
    2
  47234. So foreign ownership. As far as I know the issue of Chinese owned farmland came to the fore, not as a result of the balloon incident but was amplified by it (some of it clearly political posturing by the usual suspects) but by the purchase of land near sensitive US military installations (like it happened in Australia a few years back). Evidently THAT is a national security issue. However, when you talk about restricting foreign ownership of land, then you have to ask all those US conglomerates who own vast tracts of agricultural land (in Brazil for example) and residential property around the world how they would feel about reciprocity in that case. While I can see that in certain instances foreign ownership of land can become a problem, it's hardly a national security issue. It's not like China can just pick up Montana and walk away with it. It's more a nationalist/political problem in that politicians habitually blame their country's ills on foreigners. It happens all around the world: "Let's find a foreign enemy to deflect from our own shortcomings". (Chris Rock had a very good piece about that, check out "That Train Is Never Late" on YouTube) Besides foreigners control no where near "the lions share" - meaning the largest part - of anything in the US, especially not real estate. What is sensible is to tax heavily those who have second homes that are not used for living in on a permanent basis as primary residence or rental property, and it does not matter if they are US or foreign owned. As long as there are enough homes for everybody it does not matter who owns them. Why is it worse that, say, a Brazilian owns a flat in Florida over a person from New York? The US is a great and powerful country, but starts looking scared and weak when it blames foreigners for its problems. Leave that kind of attitude to the Chinese, the Russians, and the Iranians.
    2
  47235. This is for digital currency and control of you.
    2
  47236. Based on all the reports and pictures of defects on the parking/pool base for the Champlain building, I give no worry at all to my Aventura building as nothing ever reported and very well maintained by the Association and the Management office. It is about active associations and its member and not counting on building property managers, I never trust them as they work mostly for money and commission of transactions for the building... Some are honest and some are not. My apology for saying that. Thank God for our office Manager and I investigate all issues and get all contractor work done under supervision and City approval of work done for every permit applied.
    2
  47237. An election year rate cut , just one with many promises of more cuts.
    2
  47238. Like I tell my wife I want to buy a house and be able to afford to water my lawn and pay for a gardener
    2
  47239. Things are this bad and that’s with student loans paused. What happens when people have to start paying again 🤯🤯
    2
  47240. Hey, who's the cop? Where's shades?
    2
  47241. Love the sunset ❤
    2
  47242. It would be blatantly unconstitutional to ban investors from buying. The only way it could be banned would to have an amendment passed and that will never happen. Also, it is borderline socialist to do such a thing. What you can do is maybe tax them or do something to deter them. In the 1980's the gov took away many tax breaks from real estate investors and they can do something else similar. If they didn't take away those tax incentives back in the 80's, imagine how worse it would be right now. Just let the market work. Many investors are quitting or going to sell and things will get back to equilibrium... The woman in the 60s probably did some acid and really saw the very colorful future.
    2
  47243. Deep pockets usually win unfortunately 😢. Thanks for sharing this terrible news today.
    2
  47244. Miami Beach Taxes are higher then Suci area
    2
  47245. Great to see my two favorite YouTubers give us good information!
    2
  47246. Be good to know the average sq footage. Could just be selling smaller homes.
    2
  47247. I’m 43. Left everyone and everything. Travelled the country. I live on the pacific coast in a reasonably priced economy in Cali. Do it. Yolo. Stuff and money can be lost or taken The things you experience cannot There is no after life Life without adventure is just an existence
    2
  47248.  @MichaelBordenaro  I lost everything, was attacked several times, was homeless for almost two years It was totally worth it Thank you for posting ,reading my comment,and making the effort to respond You have brightened a rough morning
    2
  47249.  @MichaelBordenaro  whoa …. Dude, nobody has ever noticed They have a different perspective of which I don’t understand. I very much appreciate It. Thank you
    2
  47250.  @MichaelBordenaro  also I found my first sea monster at the beach It is apparently a gum boot chiton I was led to the area by an oyster catching bird That was attempting to get the attention of my cat(yes she digs the beach, no she does not require a leash, yes there are videos of her rock climbing on the beach)
    2
  47251. CBDCs in USA supposedly launching this July- I think that changes everything for everybody, unless you’re an elitist, of course..
    2
  47252. I’ve been buying redline energy drinks for years at $2.99 per day. Yesterday they raised the price to $3.99!! Wtf more then 25% price raise? NOPE I’m done. I went and bought 60 200 mg caffeine pills at Walmart for $3.99. Just saved myself $100/mo or more. Screw these ripoffs. Get creative. 👍
    2
  47253. Yes, I am finally seeing this when I look on Zillow, too, and I have to say, it relieves me.
    2
  47254.  @MichaelBordenaro  The house sold for 650k in one weekend. Home needs total update. Insanity!!
    2
  47255. Vote buying at tax payer expense 🎯
    2
  47256. Congratulations Sahara
    2
  47257.  @MichaelBordenaro  Very nice, it was a new experience for you, as well. It definitely made me curious to visit these towns and see what the weather is like there. And lol, those were fun features. Great vid as usual.😁
    2
  47258. I really hope you are right!! Am saving like crazy!! Hope also the USD will fall down when recession hits then I buy another condo with EUR in boca raton and retire before I'm 45 !! I love the US most amazing place with do many opportunities
    2
  47259. Recessions are just part of the economic system we have. As you pointed out there have been 12 recessions since 1946. On average we have a recession every 6.5 years. Just like the past 12 recessions we will recover economically and hopefully all those individuals who have been living beyond their means have saved some of their money to make it through this recession if they do lose their jobs.
    2
  47260. I live in the Dayton Ohio area. The CITY of Dayton is a little rough, but there are a lot of really great areas in the suburbs that are around that area.
    2
  47261. So knowledgeable. I always look forward to your videos🙌
    2
  47262. Andrew Yang is an outcast democratic socialist that was promoting universal basic income as a presidential candidate. The United States is a Republic. Not a socialist country. Its not your neighbors job to hand over cash to the government to pay to you because your too lazy to work as hard as your neighbor. Socialist ideology will not be part of the American fabric. Instead of supporting someone who claims to be "middle of the road", how about you identify the morals and values of yourself as a person, and join the party that represents you best?
    2
  47263. I love Lizzie’s dress💃🏽
    2
  47264. See I'm originally from NY then I moved to Vegas and now I've been living in LA for five years but I never met my Lizzy and I'm thinking Florida might be the place
    2
  47265. Low purchase price is king.
    2
  47266.  @MichaelBordenaro  nope..were totally on the same exact page -- they re also making it ok to STEAL up to 900 dollars worth of stuff ( not ok..but no harsh persecution.). so now all the really nice department stores suffer..it used to be so nice to go into a big department store and look at all the Christmas decorations not to get political but its the people in the little group they call " the squad" they have radicalized the democrat party they make zero sense..( de funding police and all the negative effects you see in California.). same w Portland.. the democrat places seems to be destructing I hear its intentional destruction of the economy-- why the hell would anyone do this? its insane -- so needles to say theres some other adjenda at play here that benefits them..not any of us. that much is obvious -- no other reason people would do this
    2
  47267. Do home insurance prices ever drop when home values drop?
    2
  47268.  @MichaelBordenaro  It's infuriating.
    2
  47269. I know this area, the Pan Handle very well, it's gonna get crushed worse then last time. From Gulf Shore Business. “Single-family homes were listed for sale in the heart of Southwest Florida’s market at a faster rate over the last three months than any other three-month period over the past decade. There were 4,117 homes listed in Lee County, 1,604 homes listed in Collier County and 2,203 listed in Charlotte County. Lee and Collier combined for 876 asking price decreases over the past seven days, and 206 properties came back on the market after being under contract, said real estate agent Ronnie Delfino. He saw 926 new listings on the market for those two counties compared to 737 homes that closed during the same time span.” “‘For the last year or so you’ve seen more listings selling than pending than you would see new listings hitting the market,’ Delfino said. ‘Right now, we’re about 150 to 200 listings more than sold or pending in that seven-day period. So, you’re definitely starting to see it slow down a little bit.’ ‘Now, for the last seven days in Lee County, there’s a total of 425 new listings,’ real estate agent Denny Grimes said. ‘And in the same seven-day period, there were 396 that went pending. So, it’s just now turning. There are more new listings coming on the market than are coming off, which suggests the tide is turning on inventory. The other thing that we’re seeing is there were 409 price decreases and 43 price increases. There are almost 10 times more sellers saying they should cut their price. That’s not where it was six months ago.'” PS, the content has been excellent, love the walking and talking.
    2
  47270. You do not need 20% to refinance you'll just pay PMI still, maybe you overlooked that but PMI isn't bad at all if you have good credit.
    2
  47271. HELOC loans are the Kiss of financial death....
    2
  47272. I put everything on my credit card and pay the card off at the end of the month. It’s just easier.
    2
  47273. 😊😊😊😊😊😊
    2
  47274. I saw properties Spanish AirB&B Properties 50% off for years and years. . . as I have to go often. It's an old trick to make you think you're getting a "bargain." I assume you know that, Mr. Bordenaro!! The oldest trick in the book, I would say. . . And, I saw hotels, good hotels, selling water, shampoo +++ many many years ago. . . no big deal! That's how it is. I never found it a problem. You are "free" to buy something or not. And water has always been sold in hotels, except in Thailand!
    2
  47275. The only people getting lucky in this economy are the extremely rich.
    2
  47276. I don’t understand why the homeowners can’t afford the mortgage payment. The rate is locked. The loan is good. The unemployment rate is low. Companies are hiring. What’s the problem?
    2
  47277. Underemployed or those who had there hours cut. Self employed disabled people like myself who lost money during covid. My daughter list all three of her jobs during covid. She got three jobs again but playing catch up..
    2
  47278. I think you are terrific Michael💫🌞
    2
  47279. Condos.... That thing you will always pay for.... Even after owning 🤦
    2
  47280. Santa Rosa is not cheap 😂
    2
  47281. 👍💯
    2
  47282. How much higher can housing go from unaffordability??
    2
  47283. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for the update. I was worried about you and your neighbors yesterday. Hang in there my friend. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  47284. Good bless you 🙏
    2
  47285. I’m right around the corner in Winston towers
    2
  47286. Michael your numbers jumped on this video more than double the norm and u just released it!!! Great news. I think the headline did it, lol. NYW I think your way way way too optimistic about the future real estate outcomes. At this interest rate home need to come down at least 50% for people to afford them. Run the numbers on a typical mortgage of 500k for 40 yrs at todays rates . Who the hell will be buying if they couldn’t afford it before the rate hike. We’re at the beginning of this . Love your videos my friend .
    2
  47287. Those oil magnets may be buying these homes, they made billions from the oil we bought from them, beverly hills is full of these people and they all drive ferrari's, rolls royce and lamborghini's, $15,000,000 to them is like $20 to me and you
    2
  47288. Congratulations on your 5 year anniversary! 🥩🍷
    2
  47289. Great information! Loved the walking video, such beautiful scenery.
    2
  47290. Tons of good info plus interesting
    2
  47291. Great video Michael thanks
    2
  47292. Sellers need to think outside of their box. Creative sellers need to sell subto and seller financing if they own the property free and clear. Team up and find good listing agents who understand what creative financing means.
    2
  47293. Michael deserves 700 Million subs and viewers
    2
  47294. So wait a second, a NEW house is expected to be affordable for first time home buyers? What about all the old existing stock? This is like saying car companies aren’t making enough $5k first time car owner options. There’s no reason a builder or company needs to obliterate their profit margins to cater to a problem that doesn’t exist. And no reason a first time buyer should have the expectation of affording a brand new house in a new neighborhood.
    2
  47295.  @MichaelBordenaro  It honestly sounds more like a shifting narrative to me. First it was 5 millions homes short and we're under-building. Now as the tailwinds of the market manipulation are shifting to headwinds, the narrative is moving toward a "shortage of entry level new construction". In about 6-9 months it will change again as the mainstream media capitulates and admits we actually have a new housing glut, not a shortage. We went from 18 month waiting lists for a new home to thousands of finished homes with no buyers in only a few months. Affordability won't change though, as houses drop in price, first time homebuyers will be even more broke and financing will be even more expensive. They'll see good deals but lack the means to buy them.
    2
  47296. Michael thanks for the great video and I totally agree that you (living in a condo) should not own and drive an electric car. Just like your videos on real estate there are many variables to purchasing a home and also may variables to owning an electric car. But with this said, my eyes were opened when I received a Tesla model S for almost free (Given to me by a relative but I had to put $10K into repairs) and this is one of the first cars made in 2013 you can't even go charge it at fast charger and it has the smallest battery of any Tesla Model S. With that said it's now our daily driver and we almost never use our gas powered vehicles. It cost us under $300 to charge for 10,000 in one year our suv would use over $2K in gas for the same driving. Here is a list of questions you have to answer if you want to switch to electric and the answers will decide if it makes sense. Where do you live? (we live in Phoenix where there is no winter or cold weather) Do you own a home and a driveway? (Easy and convenient to charge at home if you do) How old is your house and does it have the capacity to add the charger? (Some homes would need to upgrade their breaker box if they are older) How much does your electricity cost? ( I am on a plan that has a variable rate that has off peak from that allows us to charge at 0.05 cents per KW) How far do you need to drive? (our electric car only has a top range of 196 miles and it was originally 200 so it has not lost much power over 10 years giving us plenty of distance for daily driving and shopping) For us it works but not for everyone. As for taking long trips, I actually worry more about driving our 2005 suv worried it will leave us stranded. But seeing that we save so much per year in cost to operate if we are planning a family vacation we can rent a nice minivan or suv for our trip. If you think about most peoples lives it's not often that they are driving long distance and when you do you can use your old gas car or rent one. So many great features on Tesla vehicle even 10 year old ones that it's hard to turn back once you make the switch - Given that you have the right environment. WIth this said I would never want to be told what I have to drive and I would hope that the Government would do what ever possible to make energy prices affordable. Thanks for all the great videos!
    2
  47297. I used to live in the Atlanta area and the sink holes scared me.
    2
  47298. Happy birthday, Michael!! 🥳 Thank you for all you do!
    2
  47299. Crash bros unite!
    2
  47300. You put the LOCAL Real Estate Market in REAL LIFE/REAL TIME Perspective. Your neighborhood walks are terrific.... BUT... Miami FL is NOT America (or even close to REAL World America)... Get on the Plane and go National Mike! You will be YT Famous and hopefully Rich?
    2
  47301. I honestly can tell you I've looked for 10 years to find a house and the Realtors are horrendous they do not know how to do their job they do not give information so I decided I'm going to get my own real estate license and be the best because I know what the people need and the number one thing is information
    2
  47302. It's crazy. Interest rates very volitle, bonds going up and down is hard to figure out. I think the bottom line is housing is so overpriced in my market. I sold a 3000 foot house is march for $731000 that needed a new roof, windows and doors. I've always said to myself that if you think your asset, regardless of it's your home, business, or whatever it's time to sell. Sarasota Bradenton is where I sold. I'm renting know for more than it's worth. However with the taxes, insurance, and maintenance I'm good. Waiting for 12 to 18 months for a deal. I just know the crash is coming. The apartment building is insane. Things are changing in front of our eyes. Many people just don't see it or understand it.
    2
  47303. What about getting an appraisal beforehand, but of course comps can change.
    2
  47304. Anytime Wall Street moves into a market they break it with their greed. They have too much money and it distorts the market, then people fight back the only way they can with their elected legislators. At some point they will get too greedy and it will cause the market to crash and burn. They don't care because the Fed will bail them out but it will hurt ordinary people.
    2
  47305. mortgages are a scam . some are able to make it work and come out on top . but for the most mortgages designed to pay interest for 30 years plus. really 30 years to 60 years after refinancing and paying fees. renting is not evil as long as you save money on the side.
    2
  47306. Doom and gloomers are the ones heavily influenced by social media and new age spirituality. They are “ everything is wonderful “ crowd that reads “ the secret “ and believes that nonsense. I’ll just put positive vibes into the universe and it will send me checks in the mail hahahahahaha Good luck with that !
    2
  47307. How many ways can they destroy America and our lives - and pretend they don't know that they're causing it????
    2
  47308. Congratulation!!! 🎉🍾 Thank you for you honest opinion. I have been patiently waiting for that perfect second home for a year now.
    2
  47309. I started watching your videos because I want to move to florida...i live in Georgia...and I also became a fan like the rest here..even subscribe to the channel! Its the first video I watch in the morning lol... Thank You for the content and the beautiful scenery you share with us.
    2
  47310. good topic n great cocerns
    2
  47311. Wonderful share thank you🙌🏽🙏🏽❤
    2
  47312. Glad you are ok.
    2
  47313. I do make about that as a first year developer. Next year it will be even more. But I would have to save 20% of my income for well over four years to afford the $70k you'd need for a modest $350k house
    2
  47314.  @MichaelBordenaro  Aha. Interesting. Thanks Michael!
    2
  47315. 👍
    2
  47316. Dan at I allegedly does California's beaches also, muy bonita
    2
  47317. Enjoy your walk and talks!
    2
  47318. Thank you for telling me the truth, And being negative. I don’t need or want candy coated lies. I need actionable factual information and if you didn’t take some of it negatively I couldn’t consider you trustworthy.
    2
  47319. Worry about water (or the lack of it) flowing down Lake Mead, Lake Powell, and the entire Colorado river system. It’s going to hit dead pool by 2024. That means no water past Boulder Dam. Water will have to be trucked into Las Vegas. There will be a mass environmental migration to the East. As water is cut to California farmers, food will die on the vine. Food costs back East will increase because of it.
    2
  47320.  @MichaelBordenaro  awesome! Looking forward to watching it . And yeah we had to tell her she cant walk up to men and ask if they are Santa. The kids a trip lol. Shes hopeful though lol
    2
  47321. Maybe everyone has their version of a dream, there are still thousands of people moving to this country for better opportunities, I was one of those
    2
  47322. Credit card rates are closer to 28-31%. It's worse than the Mafia.
    2
  47323. DESERT GREETINGS MICHAEL 🏜 😃🌴
    2
  47324. Man you seem cool when I'm in Florida next time I want to buy you a drink 🍸 ✊️
    2
  47325. Cali is overpriced third world state! All they have is the ideology of the past that they are trying to sell you... The place is nice, the environment is nice the weather is nice but the government is shit and the SJW /commies are running everything that as Cali! Like I said before, going on vacation, visit: no problem! Live there: HELL NO!!!
    2
  47326. Praying desperately for those still missing and all victims families, those displaced. This is a true nightmare. So heartbreaking. So glad to hear you and your family are safe. Your channel is one I watch and I know this is your area. Prayers for everyone!
    2
  47327. Way to go Mike. Keep at it. This train is bound for glory.
    2
  47328. Michael, are the same financial woes happening anyplace other than Florida and California? AS a 55 year resident of Florida, it feels like we’re being singled out. We were told our car insurance increase was due to “$upply chain issues”…..riiiight..
    2
  47329. Per the Air BnBs: When you see a bandwagon, it's too late. Also, there's a lot of municipalities that are restricting, regulating, taxing, and otherwise trying to limit Air BnBs.
    2
  47330. They actually got a Lifeline from the government with all the programs 3,200 in stimulus checks the ability to not have to pay rent or mortgage for 2 years $600 a week extra in unemployment and what did they do spent all the money and they went out and got themselves more in debt make stupid choices win stupid prizes
    2
  47331. Its your dad jokes, They are great.
    2
  47332.  @MichaelBordenaro  The problem is they are losing primarily productive people, while gaining unskilled or people who are not legal residents, which does not bode well for the overall economy. IL, your home state, is losing the most, but the northeastern states are losing residents, too, and most of it is a combination of high cost & taxes, and long, cold winters. CA is still the 5th highest GDP in the world, but a lot of big boys (like Elon Musk) have left. It is not a good trend for the state, especially with such a huge budget, and so much squandered. There is a recall petition for Gov Newsome, and it only needs about 200k more signatures. People have had it, especially those who remember how nice it was 25 years ago and before!
    2
  47333.  @MichaelBordenaro  That is my point. They are losing producers, entrepreneurs, big companies, and replacing them with illegal immigrants south of the border, and other folks from different US states, lured by all the free stuff the stupid state govt offers. It is bound to fail! There are only about 200k more signatures needed to get a recall vote election on Gov Newsom. They recalled a governor about 20 years ago or so (he was embezzling or doing something else crooked), but the lockdowns and the homeless mess, combined with high taxes, has people upset!
    2
  47334. Bro you bring great news! Don't listen to those ugly trolls. I like the sunglasses 😎
    2
  47335. Hi Michael. I have been lucky. Never had Buyers Remorse on any the 7 new homes I had built since 1976.
    2
  47336. Thank you for the good information. I have seen these buy downs being offered in my area but didn’t know what it was
    2
  47337. The system is purposely designed to set us up so we live our lives in toil.
    2
  47338.  @MichaelBordenaro  Seriously, I would ask this guy for a ride just to know how it feels to see nothing on the road... Also, how does he even get in...
    2
  47339.  @MichaelBordenaro  But even, look at the wheel size... they don't fit in the arch... I need to find this man!! Too many questions! I want answers.. lol
    2
  47340. Easy solution to storage, safety deposit box at a bank. It won’t get lost their.
    2
  47341. They’ve been hiding this data the tsunami is upon them now no more hiding the truth😡
    2
  47342. I enjoyed living in the Tampa Bay area for 10 years. I tried living in coral Gables for a little more than a year. I think the Miami metro was a sucky experience. This was in 2006. Would I go back to Tampa? Not full time. Mom lives north of there and has properties there. It is a pretty boring part of the state full of old people. Likely to change when they all pass on. But I am committed to living in New Mexico. I still choose the mountains over the beach and humidity.
    2
  47343. I buy 12 month treasuries at 6.2% with 0% interest credit cards (18month) and just keep paying off the cards in rotation. Have 100k in debt making me intrest and I do nothing and have no risk.
    2
  47344. Women are far better looking in San Diego.....I'm taking my 28M and moving there! Timmy C Arizona
    2
  47345.  @MichaelBordenaro  I fall down on both sides of the issue. On the one hand, your points and the point made by ukulelebutterfly, above, are very valid. On the other hand there's the issue of liberty and freedom to use our property as we like within reasonable limits. But maybe it's not reasonable to run an essentially commercial operation, with many people coming and going, in some areas. Perhaps zoning boards should be the arbiters rather than commercial licensing authorities. If an area is zoned for it, then business as usual for Airbnb and the rest. The zoning boards just need to do a review of each area under their purview and make the decisions.
    2
  47346. With it being an election year, the government will do everything to prove the real estate market can pick back up from the state it is now. As of this comment, I think it stay put for a bit and the Fed will have to make a cut. Too much distress among way to many people.
    2
  47347. 28k. My gosh. What a mess…
    2
  47348. 🤣🤣🤣🤣😭😭😭😭😭😭😭I wish
    2
  47349. Congrats on 300k!!
    2
  47350. Where I work we aren't laying off but we are using automation and letting go for poor performance. We have been expecting this for awhile.
    2
  47351. 💯
    2
  47352.  @MichaelBordenaro  💯
    2
  47353. Just as a clarification, the price of what is considered a "luxury home" starts at about 2 million dollars. Meanwhile "A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac — currently $647,200 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is $970,800)." Wishing you a succesful and happy 2023
    2
  47354. ❤
    2
  47355. Nothing makes sense so maybe it won’t.
    2
  47356. Can't wait for you to get back to Florida. Florida calms me down. Besides there is nothing like looking at 60K homes being rented for 10K/Mo. or being sold for a million and FL is the best place to see that
    2
  47357. I don't get a point to having an EV. There are so many horrible things with having them like charging stations being down and if they aren't down, it could take an hour just to charge the car. Not to mention how expensive the batteries are to replace. I never hear anything positive about them. I can't figure out what is so great about these cars.
    2
  47358. Robinhood is paying 4% on their brokerage cash acct... don't have to invest in anything to get it, can use it like savings account... xfer to spending acct instantly to use it if needed
    2
  47359. As always enjoyable will the residents get the replacement value from the state
    2
  47360. Sure, it was a big party getting all that Covid money. Now the party is over and the hangover begins.
    2
  47361. I’m super curious if Floridas migration will remain cyclical. It seems every 15-18 years, there’s a big boom followed by a bust. With all the construction trying to meet the demand, I think it’s going to sink Floridas market. Longterm I don’t see FL doing well with the aging population and boomers leaving the housing market. But Miami could definitely do well with the younger people and less building.
    2
  47362. I always enjoy when you just stop and look around during your walks. The economy is going to hell but check out that deer! Love it
    2
  47363. Beautiful beach.
    2
  47364. Thank you very informative down the Jersey shore our house insurance almost doubled $2000 to $3800 a year
    2
  47365. interesting rant with a number of good observations, thank you
    2
  47366. We just don’t which is better to buy or rent?
    2
  47367. Time is the key.. start at 18 instead of 21 with 1,000 a year investment and you earn an extra $290,000 at 67. Albert Einstein said the most powerful force in the world is compounding.
    2
  47368. Forget about housing, the dollar is done, better buy gold n silver
    2
  47369. I'm a libertarian, so I lean towards personal freedom, and if I own a place I expect to be able to do with it what I want. Whether or not people are annoyed about it is a case by case basis. If I want to run a business out of my house I should be able to.
    2
  47370. The 2005 roof males that home uninsurable. If a home has even close to 15 year roof, it will get dinged for insurance. I am surprised that they have forced the current homeowner to change it to be insured. Or the home late be owned outright and therefore owner opted out of insurance
    2
  47371. Fed can’t control gas and food prices. Fed can’t get people back to work and fix supply chain issues. The only thing they can do is make lending more expensive. Which will make food go up, small business cost go up, cars loans go up, and of course higher housing cost. In my view they are just adding to the cost of living and making inflation worse while increasing layoffs. There isn’t going to be a “ soft landing “ We’re heading into a crash. There’s no other way to correct this artificial market that was crafted by Covid politics and big business buying homes for cash and pushing housing and rent to unsustainable cost.
    2
  47372. The automobile market was jacked up over the lockdown. The bubble had to pop and on top of that you now have repos. There was no way that was sustainable. As for the EV's, I can afford them I just don't want one. I have several reasons. I'll start with the level of cold temps I get where I live make those worthless during certain times of the year. I also grew up around men in my family working on cars. I was taught how to take car of cars when I was a little girl. I used to watch my grandfather take cars apart and fix them. These new cars and especially the EV's are stupid expensive and designed so you can't really fix it yourself. In all seriousness, are you really even able to hit up junk yards anymore to find car parts? I haven't needed to do that in years, so I'm not really sure. I just know what the new vehicles look like under the hood and all the computer chip bs that has to be hooked up to the approved apps to "fix" things. They are turning our cars into Apple iPhones with this bs, you're not allowed to fix anything yourself.
    2
  47373. thank you! Florida rent has started to decline too. 😍
    2
  47374. Biden told me alls good, its awesome and never been better😂😂😂...no joke folks...you know the thing
    2
  47375. I just saw the movie today, "80 for Brady." it was really good. A lot of old ladies in the theater really enjoyed themselves.
    2
  47376. Investors in the North are licking their chops. Yes, everyone move down there. You'll be able to get real estate for pennies on the dollar, up here. Then when the market corrects itself, like it always does, there will be plenty of fortunes to go around.
    2
  47377. Like union dues.
    2
  47378. Thanks Miike
    2
  47379. 350k a month? Rent? Im super curious to see the most expensive lease ever signed. Anyone can ask anything but i would love to see how far reality is from delusion.
    2
  47380. Ty
    2
  47381. That Poor Dog Walker u need to move to CA..V Bernie😁😁😁😁😁😁😁😁😁 GOOD job on 5...🤑🤑🤑🤑🤑
    2
  47382. I always get a commercial right before your landscape shot. It’s as if you’re 1 min too late. They caught on
    2
  47383. Annual Property taxes in Cantonment, Florida are around $2,700. “American Integrity,” homeowners insurance company. $48 per month.
    2
  47384. Used to live in Florida for the first 21 years of my life. Family moved up to Wisconsin and I followed suit. Now I hate the snow and am looking to come back to Central FL.
    2
  47385. They are f’n up Florida. No state is safe from “ the plan”. America no more.
    2
  47386. I enjoyed your content today. Treasury bills are the best options at this time. I dont see much money in RE. We'll be working for nothing in RE. Just headaches
    2
  47387. Would be curious of your opinion of San Diego vs. Florida.
    2
  47388.  @MichaelBordenaro  Thanks for the answer.
    2
  47389. Good job Michael you should be proud of your work. Most people tend to get their news via the web these days because of the decline of a non-biased media these days.
    2
  47390. I luckily had an offer to transfer to a credit card at a 4.99% life time rate, then a couple months later the new offers were 6.99, now it’s 8.99%. Thank goodness I locked it in low
    2
  47391. You are good 👍🏽 I watch all the time
    2
  47392. Is South beach safe?🏖
    2
  47393. Only people who are renting
    2
  47394. You are a good Soul. You are so right. Buy gold please.
    2
  47395. The midwest is still very affordable Michigan,Ohio, Indiana.
    2
  47396. The elite wants us to live in pods!!
    2
  47397. That's right, it's fake. That program is another wealth transfer up (taxes) to, in this case, predatory lenders (who own the government). It's a trap for teachers & nurses who don't have time to become 0% tax rebate financial wizards playing the SFH market.
    2
  47398. Beach all the way up the coast of Florida are not being filled back in, at least on the East Coast.
    2
  47399. Honestly Michael, everything you've stated about Florida is true.
    2
  47400. First of all, employees have no obligation ever to be loyal to an employer. If there is loyalty, it goes both ways. But, employees better be cautious asking for raises cause we will see much higher unemployment soon. Many who resigned during the great resignation a year ago and are now asking for higher wages will soon get a reality check in a few months since they might get downsized and will need to find a much lower paying job just to survive and pay the bills.
    2
  47401. I absolutely understand why this tragedy is on your mind and it will be for some time. Sounds like you have a handle on your feeling and understand that these I’ll feeling will pass, but you are human, you are going to feel saddened by this for a while. Give yourself a little grace.
    2
  47402.  @MichaelBordenaro  ya good point. i think returning to 2016 - 2018 prices would healthy correction for SW FL. If eceonomy goes into greater recession than everything will go much lower and who knows how low at that point.
    2
  47403. Congratulations!
    2
  47404. Why can’t we buy while it’s still high
    2
  47405. It's amazing what the 🤡 in DC are saying and doing to our country! Politicians have zero reality as to the hardships of actual American citizens deal with day in and day out. I actually beg our Politicians to live off of a small average salary for a year, no perks and no benefits. Also, in a tiny apartment with high rent, they finally can see the American nightmare that their policies are creating. Politicians are corrupt and don't live in the real world. They get rich and live lavish lives while we all starve to death.
    2
  47406. 🎉
    2
  47407. 6 figures what's that.......pay check to pay check I know.😊
    2
  47408. Mike next time take that red jolley trolley. Only 5 bucks.
    2
  47409. So much money has been funneled in the name of Covid they just can't stop now.
    2
  47410. pa do this all time
    2
  47411. Corruption. Squeezing out the middle class. They don't want us to own anything.
    2
  47412.  @MichaelBordenaro  could happen, however in my 25 years Section 8 has been the best program for low income renters that I've used and continues to be. All the large investors use it extensively along with LIHTC. Voucher holders do not want to ruin their voucher so they are incentivized to maintain the property.
    2
  47413. ok I already live in FL but I do want to move I need your contact so I can see if you can help me.
    2
  47414. China has bought a lot of US farmland and cattle farms. Cattle production is down from the past. Cost of fertilizer and feed up so production down. Cost of beef in store through the roof. Costs will NOT go down. We just need to hope that China does not cut production as a means of harming our country.
    2
  47415. One thind for sure a stick home is far more comfortable than cement anyday
    2
  47416.  @MichaelBordenaro  would you have any information about Spring Hill?
    2
  47417.  @MichaelBordenaro  woww thank you. So quick!
    2
  47418. Is Nick ok? Why is he leaving YouTube?
    2
  47419. The whole state of Commiefornia is a failed experiment
    2
  47420. meanwhile "the uniparty" is doing everything in their power to keep their "damp sock puppet"/money printer installed in the White House.
    2
  47421. Creamed? lol, I bet you mean it as if him just got married and just got caked! Ou yeah!
    2
  47422. I agree completely!
    2
  47423. After The world news broadcasted that building calaps for a week. There has been no news. China has better news channels
    2
  47424. We - the people — No longer have a say!
    2
  47425. Nice to see you visiting each other guys!
    2
  47426. My neighbor got his "fake equity" and skidaddled. Lucky guy.
    2
  47427. I appreciate the joke Michael to cheers us up but I don’t know wether to laugh or cry!! 😂🥹all I can say is ;something shady going on with those houses that priced way higher than they are worth it ! 😎
    2
  47428. That is one noisy park! What kind of equipment was that??? Yikes.
    2
  47429. I have geico car insurance on two new cars. It went from 264 a month to 360. I got a quote from Liberty mutual for 260 a month. I was told to get new car insurance every two years.
    2
  47430. We now have thieves and murderes running this country. Our Gov’t will lie about anything. The word “recession” needs to be changed to “reset”. If you haven’t purchased and don’t plan to for the next 2 or 3 years, you won’t have to worry about it. The Gov’t will be renting one to you probably not in the area you wanted.
    2
  47431. One of my concerns about buying a different house would be that sellers are not accepting offers contingent on inspections or financing, even if you are preapproved. I would NEVER buy a house without having it inspected. I also don't want to have to go over the asking price -- I just could not stomach doing that. I have a 2.75% interest rate, and only owe $50K, so I'll probably stay put for the time being.
    2
  47432. People paying "market" adjustments over sticker are basically stupid !! I heard that someone paid $40,000 over MSRP on a new C8 Corvette. That's about a 40% premium. This is nuts.
    2
  47433. I think about it all of the time too!
    2
  47434. After looking at the photos, I can perhaps understand why the perpetually-for-sale $2.2M old house hasn't sold. It has a "unique" esthetic.
    2
  47435. Once the housing market falls so will everything else. I’m betting unemployment will double before too long.
    2
  47436. Worcester Massachusetts’s Whoose terr (woose’Ter) What a cutie word stumble “ have all your di’s otted” 😊❤😊
    2
  47437. And all this time I thought you were a robot 🤖
    2
  47438. What if you have not financed anything since 1983 and you paid cash for your car and your house and you basically do not have no bad credit but yet you do not have credit it makes no sense to me I could probably not go finance a piece of furniture but yet I pay cash for everything since 1983 why is that
    2
  47439. Home builders,home sellers/realtors & investors are marketing to high net worth individuals or high net worth families!!!…especially in Inflated states & popular markets where they know the majority of people want to live!!!….i want to know what corporations & business owners are going to do when all their products are no longer essential!!!
    2
  47440. How long can this last? Eventually you have to be a millionare to make it in the US or else your homeless or living with parents
    2
  47441. Thanks for another episode on your journey around Florida. Dunedin seems like another attractive place to live for those that like the vibe there. I'm learning through the help of your videos that if I were born and raised in Florida or had moved there already, I could see having the desire to live in many different parts of the state as my lifestyle or interest change. Florida seems to have so much of everything that could appeal across lifestyles year round. I imagine that may be what you are experiencing. You been in the Miami area a while now, I think 13 years, and your taste and or life style is changing. You seem to be a cool dude that likes the "quiet" less populated beach vibe with the sunsets at the moment. You like to cook at home, but you also appreciate a good night scene, even if just a walk on the boardwalk at night for example. Maybe that transitioned from the Miami party vibe. Your Lady seems to still have that vibrant experimental dance vibe. You both like music. So you probably need to be in a place that has a mixture of quiet and a live music scene with some nature. Looking forward to what comes up next in the next episode. Appreciate you bro and what you are doing. Keep the videos coming. Stay safe.
    2
  47442. I am so glad you put this video out! I am torn between California and Florida right now. I lived in California for 3 years and I miss it. At this rate Florida is catching up to the CA prices without the hurricane worry. You made some great points! Living in Illinois I feel like we are little CA as it is with the lockdown restrictions.
    2
  47443.  @MichaelBordenaro  looking forward to it! anytime :)
    2
  47444. Thats good news bub ❤
    2
  47445. 100% correct , as a retired 38 year mortgage banker I am seeing the same foolish buying as mentioned here. Until the the stupid factor stops with the buyers listening to the sales pitch of “ Offer what you can afford not what it’s worth “ crap . But they do , even after they get appraisals paying well over asking because they don’t want to loose out . Rent until the correction comes .
    2
  47446. I'm in banking think about when the seller would not budge in price and borrower would bring cash to closing. I think that we are going to have some pissed off people. I sat for a year in motel waiting to buy sellers and realtors did not realize that it was going to crash and still wanted high prices. I decided to buy a cabin in the woods in Tn paid cash and ride it out this crap shoot - this is way worse than 08 which really started in 07 . I have been in wholesale since 97.
    2
  47447. Labor market is not strong....The Gov released we added 1M new jobs yet the Philadelphia Fed said that was an error we only added 10K jobs. They just keep lying with headlines yet you read the actual data it tells you a different story.
    2
  47448. Don't be so sure he will sell for double. The more investors that are involved in a market usually means that a crash is around the corner. Look at the crypto world if you want an example. Housing in the US will crash hard. When everybody has that get rich quick mentality is when you need to be very careful.
    2
  47449. Awesome video Mike...gonna go cry in the garage now as I break out the shovel for the third time this year lmao
    2
  47450. So the joke here is that you are saying I can be a 1%’er in America with little to almost no money down.
    2
  47451. Love the videos. Maybe stay few days in one area to get a good view of it.
    2
  47452.  @MichaelBordenaro  yes. LA is good but... Miami is definitely better now.
    2
  47453. Thanks for a Condo video! Good data on current Real Estate condition. Why do you see SW Florida being where prices will drop the fastest?? It has been rated the fastest GROWING area in Florida (and US) for 3 years ... especially Cape Coral. Just wondering. Thanks
    2
  47454. Happy holidays 🎉
    2
  47455. Your wife sure is pretty!
    2
  47456. I’m thinking of moving from San Diego to somewhere Florida but not sure where yet in Florida thanks for your video it’s got me thinking and banging my head on the wall
    2
  47457. I love your walks and messages. Love when your beautiful wife accompanies you! Hey lady!🥰 we love you.❤
    2
  47458.  @Lisithedogwalker  LOVE YOU!!! God Bless you and your lovely husband. You guys together are magic. 🥰
    2
  47459. Love your videos and watching your travels .. wish you’d start off by saying where you are
    2
  47460. Ditch that GF, sell all but one car, don't be a dummy.
    2
  47461. In my opinion if you want to live in a condo or apartment here in 🇬🇧..rent. Single home buy…there are to many things you’re not in control of on a condo it’s a democracy..single home it’s a dictatorship..much better 😂
    2
  47462. More great info Michael.
    2
  47463. The big boss never gets laid off but when financial trouble comes to them look up because they will be jumping off building s .
    2
  47464. Hello Lizzie, finally you're with hubby Michael...Happy 4th of July...could hear the big bang & boom✨✨🎇🎇🎇🎇 here left & right ...stay safe...have fun in Cali...
    2
  47465. Mike --- ok, I agree that RE are going down because I see in my neighborhood houses that are overpriced and could not sell it. HOW ABOUT USED AND NEW CARS - BOTH OF THESE CATEGORIES ARE ALSO OVERPRICED -- WHAT IS YOUR PREDICTION IN CAR PRICES???
    2
  47466. Inherited my house without any intention to sell
    2
  47467. Great show today Michael 👍
    2
  47468. The bottom line is that deficit federal spending is causing most of our economic pain. People want free cash, health care, etc.....time to pay up. Inflation does not discriminate, it devalues everyone's hard work.
    2
  47469. We sold our home in April and made 400 thousand. To be fair probably 350 if you count the pool we put in. I don't think you could get a pool for 50 thousand anymore. We are renting and will be leaving FL in the near future. Time will tell if we did the right thing but we are leaving anyway. The home was too big as we are getting old. We plan on buying a much smaller home. We are not in any hurry. Time will tell but I think we made the right decision.
    2
  47470. This is very interesting topic.
    2
  47471. hell no it’s not enough
    2
  47472. Gold and silver have been climbing like crazy as inflation catches up. Im making almost 1500 a day just on silver prices alone.
    2
  47473. Here's the real tricky part. People look at income subjectively. They compare it to the national median or average, they compare it to their own salary, they compare it to the local income. All of these things are not actually that relevant. The important figure is how much a person spends relative to their income. A household that spends near to or more than their income is in trouble. One that spends < 20% is probably in a good spot and can weather the occasional incident. The problem is that there is no visual way to measure a person's income from the outside except by how much they spend. A millionaire that only spends a small portion of their income might still look quite spendy, but actually is just fine financially. A poor person that spends a lot to look rich, might actually be struggling. If you want a good Objective view of a person's financial stability, you need to look at the income, the spending, and ignore the visual appeal (obviously visual appeal could have its own utility: better rates, more opportunities, better job, but these are subjective benefits that won't necessarily be available when times are tough.)
    2
  47474. Have a great birthday Michael.
    2
  47475. Is it any cooler in st augustine?
    2
  47476. 👋👋@Michael Bordenaro. CDK system got HACKED. 50% OF CAR DEALERSHIPS HAVE BEEN CYBER ATTACKED RIGHT NOW AND CANNOT DO BUSINESS👋👋THIS IS BIG!!!
    2
  47477. Good job here Gents.
    2
  47478. So a lot of what I’m hearing is true, HOWEVER, you can’t discount how much of an impact inflation will have on everything from wages to houses. Home prices will only rise. Wages may take longer to rise with inflation and never will catch up, but those are the minimum wage jobs. People are quitting and finding new jobs in droves because they know they can renegotiate higher salaries. This is compounded by a vast number of old timers retiring from skilled labor positions. We’re going to see one of the largest skilled labor wage hikes ever in American history. Home prices will adjust accordingly. They always have and always will.
    2
  47479. We definitely need more housing—— and more different types of housing… but let’s not penalise people who worked 3 jobs for a decade to get the down payment and was reasonable enough to buy when loan rates were low….. in terms of desireability— the question is really Where can they afford to live? No one is entitled to beachfront property unless they can cough up the money… or maybe we all go on welfare? Then we are all equally entitled to sand and surf
    2
  47480. No sympathy for people who don't properly maintain their stuff.
    2
  47481. In real life there has been a ton of full time jobs laid off.
    2
  47482. 1
    2
  47483. Common sense honest agent. I like it.
    2
  47484. Soon America’s new definition of mobile home will be a Ford used of course Econoline van furnished with a couch from Goodwill with a bucket for your business a solar panel for your Wi-Fi coupled with a $10 a month gym membership for your showers. Eventually the top 3% will own 80% of the assets. What will happen when that 80% finally realize what’s happening and rebel. Maybe it’s time for people to vote for their own economic interest instead of corporate interest…. I think I read somewhere that almost 20% of the population cannot come up with $400 in an emergency situation and that also a vast number of people would be out on the street if they miss two or three paychecks. Save up for that Econoline van so that when you get old and sick at least you have something to drive off a cliff with.
    2
  47485. Remote work will normalize home prices across the US?
    2
  47486. P.S. Even though I disagree with you about prenupts, you are one of my three favorite youtubers. All of my favorites have very different presentation styles, but you all bring great quality.
    2
  47487. Property taxes are literally legalized theft.
    2
  47488. Love the channel but if you hire an inspector before listing, you may learn some really bad / costly news - which in many states you must disclose if you don’t repair. If you repair all issues, many buyers expect to get cost reductions equal to inspection cost - there is always something…
    2
  47489. I have a question. I am moving to avemtura and eanted to but a condo there. Me my eife, my dog amd a yoirng kid. Is a condo a place where people raise families in south florida? Or is just for retirees? Thanks.
    2
  47490. Last 2 Years, Lost 30 % Of State (NJ) Pension Buying Power Due To Inflation. Not Good.
    2
  47491. Wow that's awful and thank God I dodged the bullet I was going to buy and next to West Palm Beach I would be in so much trouble
    2
  47492.  @MichaelBordenaro  Thank you!!
    2
  47493. That looks like the same kitty as the last one you ran into! Nice neighborhood!!!
    2
  47494. Magic show…Lol.
    2
  47495. Realtors here in the Raleigh Cary area are still encouring people to buy even though prices are high (although softening) and rents are equaully high . Good points on Redfin too but look at the graphs and month to month vs the Y over Y. Thanks Mike.
    2
  47496.  @MichaelBordenaro  You would definitely love it here in San Diego! You could surely find a place to rent too, although I don't know that you would get what you currently have in Miami. I love it here, but wish the water was warmer. I do love Miami, it's warm water, and sultriness of its community!
    2
  47497. Michael, Delray Beach is a nice add to your list. Pricey on the beach yet very affordable west of Congress Blvd. Very active restaurant scene on Atlantic Avenue. Delray is where we started about Florida journey in 2012. Great deals back then.
    2
  47498. Good stuff Michael! Rents coming down everywhere except Miami 😂 lmk when you’re ready for that beer @ Monty’s 🍻
    2
  47499. Don't Buy Houses. Don't Listen To Realtors. Let the Big Banks HOLD all = BANKRUPTCY. Be Smart.
    2
  47500. Goldman sachs also said small gains in housing market this year. I can’t take any of these banks seriously with anything prediction wise
    2
  47501. 36:57 R.I.P to the people and that building on the left 😔
    2
  47502.  @MichaelBordenaro  lol yea maybe I'm just jaded, still love it here though you just gotta associate with the good people I think the traffic and chaos in la or SF just puts a lot people over the edge outside the main cities people get more normal
    2
  47503. Inventory can explode all it wants. Until the prices drop to what they were before Covid in 2019, the "crash" talk is all just exciting hype.
    2
  47504. Rampant crime will take us further into cementing us as being a third world country. This will decimate all bricks and mortar stores, which hurts us all. These politicians protecting criminals need to be held accountable.
    2
  47505. The first house is a 300k house.
    2
  47506. Great video Michael!!! :)- People (sellers) NOW have "unrealistic expectations" of the MARKET!!! :)-
    2
  47507. it's time to get every credit card and run it up and out. anything unsecured. spend it all. then say you lost your job and tell them good luck.
    2
  47508. The GDP figures are just as rigged as almost all Govt. numbers like INFLATION, Employment etc. Since THEY admit that Govt. Spending accounts for over 36% !! of GDP, what would a true GDP number look like? And how much better off might we be doing financially if they weren't pissing away all that money?
    2
  47509. We’re listing our fully renovated 3/2/2 house for $199,500 in southern WI for any of you 28 million people who want to move here. Super nice area, safe, great schools, smaller town but close to everything. We’re moving out of state. Looking forward to sifting through millions of offers 😅
    2
  47510. Sens. Rand Paul and Joni Ernst are launching an investigation into over $5.4 billion in small business loan fraud as the Biden administration prepares to wind down the COVID-19 pandemic emergency. That's a good one, The better the brochure the worst the deal.
    2
  47511. thanks Michael, the clouds are beautiful. Love beach day.
    2
  47512. @11:01 beautiful family..Mother deer [doe] ? w/her two fawns?...I bump into them while jogging in the park here in Midwest🦌🦌🦌ur Velvidere Cliff's houses seem so serene...🌴🌴🌴
    2
  47513. Thanks!
    2
  47514. R u related to Jorge malsvida
    2
  47515. The sand is made up of coquina shells. The shells absorb the rusty color
    2
  47516.  @MichaelBordenaro  This is awesome, can’t wait to see it!!
    2
  47517. Michael I feel your pain with annoying noise from the leaf blower!! 🙉We have inconsiderate show off drivers with their racing cars causing even more noise from their mufflers! We complained to the county luckily we have a noise ordinance that took care of it ! That’s what you need in Miami , noise ordinance. ✍️ Energy in Europe is sanctioned due to global warming &green energy that Europeans are fine with it but now they have to suffer because of their own politics , soon It will be coming to the neighborhood near you in United States , 🇺🇸
    2
  47518. Thanks!
    2
  47519. ​ @MichaelBordenaro we can access that info on the county site for prop taxes, right?
    2
  47520. Seller can opt not to put property in mls, in my state
    2
  47521. I think with the hotels; it’s more greed, than desperation.
    2
  47522.  @MichaelBordenaro  As a girl, when I was young, I bought a lot of fine jewelry and brand name bags. I thought it was an investment as the price goes up every year. However, when I resell, I am lucky if I get 30% of what I paid for. It was just an excuse of buying expensive stuff. Now I am getting ready to Florida, I need none of those but flip flop and straw hat. Lady investors, buy LVMH stock not LVMH bag.
    2
  47523. Can you please make a video of investing vacation house or running Airbnb rental instead of long term rental. I want to buy big enough single house but want to rent out when I travel (probably 4-5 months out of year). I look forward to learn from your experience.
    2
  47524. LAKE WALES
    2
  47525. Michael, you're around my hood!!!
    2
  47526. Michigan is amazing. Just stay out of Detroit. Rough winters but not as bad as Wisconsin/Minnesota! lol
    2
  47527. Housing has become a speculative investment and will rapidly come back into par with wages and income as it must for a healthy economy.Demand Destruction is the FED's new mission with a 100 basis point increase (highest in 40 years) incoming with more to follow soon. As the markets for mortgage backed securities dry up, banks and mortgage companies will raise their qualifying standards even higher. This event will be far wider, deeper and longer than the 2008 downturn because there will be no Helicopter Ben this time. Sell - Sell - Sell! Go to CASH get your credit polished and prepare for the best buying opportunities in a generation! Anyone who tells you Florida will be saved because of migration, run as fast as you can because the tide will go out as fast as it came in. It's already too late for many new home owners.
    2
  47528. I appreciate the honesty. Everything ive read, indicates exactly what you are saying.
    2
  47529. being bitcoin will eventually be the reserve currency, homeowners should seriously consider offering bitcoin price. you dont need a bank. i own a 1k oz. bar; silver will probably be close to 1000 after not being manipulated by the comex. in 6 months i will use this bar and buy your house
    2
  47530. HA HA HA Worthless degrees: Basket-weaving, Quilting, etc,. LOL
    2
  47531. Always a pleasure walking the streets, this where I want to live.
    2
  47532.  @MichaelBordenaro  I'll wait for your video just so I know exactly what I'm in for. Ty! 🤣😂
    2
  47533. FL insurance companies are known for price gouging & getting in trouble with the Insurance Commission. Has anyone contacted the Fl Dept of Insurance to make a complaint about this roof thing?
    2
  47534. Blackburn is salt water, isn't it? Gators can tolerate salt water for a short time, but they're primarily a fresh water animal, so you're looking in the wrong place for best chance to see one. Ponds and fresh water canals are best place to find them, even then, sometimes hard to find.
    2
  47535.  @MichaelBordenaro  No, you can still get gators near salt water on rare occasions, especially where river estuaries that flow into oceans. They're always looking for food.
    2
  47536. these government's are using OC tactics unbelievable what is happening to this country.
    2
  47537. Im 16 and Im very scared for my generations future. HOW ARE WE GONNA AFFORD A DAMN HOUSE. Im coping for a crash.
    2
  47538. I've watched that boat channel, they get cool boaters at there not so cool moments lol
    2
  47539. If like hiking, Washington state is even a better place in the summer!!!!!! I live in the north of Seattle, the summer here is hikers heaven. I do also visit California a lot in Nov and Dec every year to get away from the rain 😅
    2
  47540. Very good video guys as always. Don't know how to say this but thank you to you both. While everyone out there was saying this and that you two were the only ones to say hey, wait a minute, something is not right. BTW Nick watch out for pot holes walking with Micheal lol 🤣..
    2
  47541. Great one, Michael!
    2
  47542. Enjoying watching your trip.
    2
  47543. Great video. Thanks
    2
  47544. San Francisco is Detroit all over again…..
    2
  47545. Thank you Michael and Merry Christmas 🎅 🎄 😘
    2
  47546. those 2 going up right next to each other are like....$50,000,000 each right........hey...it's Miami....lets get some drugs and party
    2
  47547. Great advice cheers 👍
    2
  47548. Can't we have $300T in debt?? More? Why would $32T be the magic number that trips us up. C'mon...😅 Today we owe $300B to foreign investors in interest every year. Thats all that matters in total. The government can't raise $6T between taxes and selling assets? So stupid ...
    2
  47549. Everyone has a right to live in civilised circumstances, Michael. A fair days pay for a fair days work and affordable housing for all. That's what's missing.
    2
  47550. never buy anything with an HOA. they suck
    2
  47551. With regards to remote work. I live in Boston and I am required to be in commuting distance of one of our offices. Would love to see the numbers on how many ppl have uprooted their lives and moved from California, Boston, NYC to Florida and all of these other cheaper states/cities that were mentioned.
    2
  47552. People still living in the American fantasy world are going to be in shock soon. Reality is coming and most citizens will be broke and lucky to have enough to eat in the next two years.
    2
  47553. Thanks!☺️
    2
  47554. Good videos...
    2
  47555. Can I ask what gymbal you use
    2
  47556. 5deg in Manhattan this morning. But Wednesday will be 50deg. Wild!
    2
  47557. Ok I can't afford shit, time to rent... no can't afford that either
    2
  47558. I think the people sitting on the docs, with the crocs, are the same people FOMO buying into the current housing market! Damn them for ruining it for those of us trying to be financially responsible...
    2
  47559. Love your videos. Keep up the good work
    2
  47560. Hi Michael regarding todays video a lot of these properties are small old fashioned probably built up to 50 years ago deigned for retirees.
    2
  47561.  @MichaelBordenaro  thanks for all your information
    2
  47562. Great video, as always!
    2
  47563.  @MichaelBordenaro  you too Michael!
    2
  47564. @8:28...love the Trick or Treat Night Decor 🦇👻🎃🧛in front of that house...12:40 Congrats You Tube sent u a plaque for 100K subscribers🎈🎈🎈...heard Lizzie in the background...
    2
  47565. Plenty of low paying jobs and payouts in a depression. People will be grabbing any low paying job to get some money. Poverty USA. 4 or 5 partime jobs to get a stable wage..Wait and See. Migrants get these wages plus government subsidies , Americans No!
    2
  47566. I was in Home Depot, here in California, the other day to buy some small nuts and bolts to put casters on 2 stools. When I checked out the total was almost $30. I refused to pay that for a few small parts and just went back into the store and returned them. How does a few nuts and bolts cost $30?
    2
  47567. MB always keeping it real!!!!
    2
  47568. There still is a home shortage in USA. If someone can ride out this storm the prices will bump back up
    2
  47569. You looked like shaggy from scooby do
    2
  47570. @MichaelBordenaro  the truth will always cause controversy sir. But the leverage you give us first time homebuyers is priceless. You're helping alot of hard working people not get rekt. Thank you sincerely
    2
  47571.  @MichaelBordenaro  that's awesome. I'm actually in Hollywood area. I lived in Miami for only a month, by Snake creek canal which is on the North Side I believe. A very pretty walking trail. All of southeast Florida seems awesome. Take care :)
    2
  47572. Hello Michael Happy New Year! 🎆🥳💝
    2
  47573.  @MichaelBordenaro  thank you so much for information! It’s beyond helpful. I was wondering were thinking maybe only 7 years in the home. Do you think we should still buy? Thank you so very much for your time !!! 😀
    2
  47574. As soon as things start to hurt the Fed is going to cut rates. They key will be when real inflation approaches interest rates. They can never ever allow interest rates to rise above inflation. EVER!!! The Fed will ramp up QE and the BIS will understate inflation. All their power resides in the banking system and the bond market. If that ever gets away from them there is no saving it. What scares central bankers more than anything is deflation because deflation puts power back in the hands of workers, the billionaires are largely unproductive and need workers to support their world. When workers get better pay the banksters fear inflation.
    2
  47575. Congrats on the 100K Sub plaque! You deserve it.
    2
  47576. il go to Del Mar for $14,000,000
    2
  47577. Can you drive a golf cart that far without needing to recharge it ?
    2
  47578. Happy Anniversary!!
    2
  47579. The politicians know they have lost control; there is no law and order. That's why they want to limit our gun rights. They all live in mansions on acres of property guarded by heavily armed security paid for with our taxes. It's going to get worse; it will be like France. I just.bought a gun here in California.
    2
  47580. One comment on a recent video of the Sachs Realtor with a guest as a former Federal Reserve expert, was that there a lot of higher end job listings that are not legitimate vacancies, but attempts to poach/steal talent from their competitors. One of the key comments was the questioning the transparency and honesty in the economic data that is being generated to the public and to the policy makers for the US. What is being said in economic analysis isn't lining up with speaking to random average US citizen on that state of the economy.
    2
  47581. Hi Michael, As I said before I see your point. You sound similar to me in the 70’s. I believed that our currency would fail and America was done. I was a 5g person. G-D, Gold, Grub, Ground, and Guns. I was a survivor list. I started getting into conspiracy theories. I was wrong. One way to protect yourself from inflation is to diversify your currency assets into several other currencies. I have British, Swiss, and of course gold coins. None of this is magic solution. Gold has endured thousands of years and not hit zero but without an economic engine it has not appreciated at the inflation rate. Even real-estate has not kept up. It is tough to manage a portfolio that does keep up. It can be done but I am not good e outside the to do it. My son can. He showed me how he buys stock. He has made quite a bit. All that being said, this 4th of July will have record travel. Wi
    2
  47582. Meritage homes up here in Dawsonville are building a subdivision currently and the homes there are ridiculously expensive. I really hope the prices come down.
    2
  47583. I know you're legit because of that Dual Rectifier.
    2
  47584. Yes, you definitely hit on something with this video. Randall here again. I have been following these videos you have been making, but I can't always comment the way I would like to. Some of the folks are late to the party buying and trying to flip these properties now. They should have been buying in 2019/2020 for max benefit and rented them through May 2021 to be super safe. Foreclosures are on the rise with the grace period being over. Unfortunately, many property owners/homeowners may be in trouble. It's a good time to capitalize if you are a buyer, to maybe get a property for less than full value. I'm still working on when I will retire. Florida is not the deal it was when I first started looking into Florida. However, like you have shown, there are still deals to be had depending on your position and goals. I still have some time and plan to be prudent and wait things out a little bit. I could be a cash buyer so interest rates would not matter so much as finding the right home. I enjoy all your content as you know. How is the new place coming along? I think you have some snippets of it in the videos?
    2
  47585. College is a snow job in some respects. Right there in Dade county at George T Baker aviation school across the street from Miami Intl. Airport anybody with reasonable mechanical aptitude can get an airframe & powerplant airman's certificate in 18-22 months to become an aviation maintenance tech. I graduated from there in 1991, total tuition costs $1,800. Its certainly not that cheep today but ill bet its a third of college tuition costs. Todays starting salary at any of the major airlines is $75,000, and if a tech is ambitious and want's to excel to higher responsibility's as a maint. control tech, their earning's potential could top $175,000 or more. I've seen junior techs with less than 2 years get these positions, and still with only an A&P airman's certificate that took less than two years of their time to graduate from school, where they learned the principle's and theories of aviation maintenance, the rest is hands on with senior techs in the workplace. I'm amazed at how little interest i can drum up in young people to go this route (worldwide cheep travel, exciting workplace, flexible work schedules), the new hire students i see in my classroom tell me they won the lottery getting this job.! There are thousands of what you all call 'boomers' (including myself) leaving the industry over the next 5-10 years. You'll work nights, you'll work weekends, but it wont be forever, and overtime is abundant where a new hire can push their earnings over 100K in their first year. Also, you can pick many cities in America where housing is much more affordable to transfer too and carry your pay with you. I cant imagine a better way to go unless you literally win the lottery.....
    2
  47586.  @MichaelBordenaro  My husband and I are moving back as soon as we can! Thanks for the videos. Keep positive. It's the only way to be!
    2
  47587. This is why I am suggesting FHA loans because an FHA Streamline Refinance does not require an appraisal.
    2
  47588. The people that are not paying for the student loans think they're going to get off scot-free that Biden's going to forgive it a lot of them are not going to pay it and that's going to be a problem the older generation never had the option to get student loans And the senior citizens are suffering because of this They only made so much money and so therefore Their assumption security check is much less Because they had no schooling to get a good good job. A lot of them are doing you can live in your home but you have to sign it over another words when the person dies these business agencies will confiscate the home But they can live in the home as long as they want
    2
  47589. I’m a new realtor in Pinellas County beaches area. Clearwaterbeach down to Saint Pete Beach. I try to catch everyone of your updates. You are totally killing it bro! Chicago native! Keep it going bro!
    2
  47590. Happy Friday Michael.
    2
  47591. We were discussing the insurance crisis this morning. I think a lot of the roofing companies benefited from remote work. Think about it. Most of the sales folks would come around during the day, knock and no one was home. They’d leave their flyer, and it was probably thrown away. When remote work started those sales people were actually able to use those schmoozing skills to sell people on filing a claim against their policy. There was a time when almost every house on our street was getting a new roof. They promised their attorneys would litigate any push back without cost to the homeowner and even allowed some to not pay the deductible.
    2
  47592. 1st
    2
  47593. Market crash will happen soon. Then only the equation will balance and become stable , until then we all are in a ride.
    2
  47594. Sorry but look up 'Vero Man', he was found over 100 years ago in Vero Beach florida and was well over 10,000 years old with many artifacts fond in the same silt layer.
    2
  47595. Hi Michael, I think you are right. Many are afraid of the unknown. What happens if I own a home? They think they can only own one and never move. Maybe you can make a video of the options and how-to's of selling, moving, and buying another home.
    2
  47596. When they react impulsively to enact bailouts for billionaires, they aren't serious fighting inflation and it shows they have limited means to do anything and it is becoming more obvious that there should be talks on abolishing the FED and our so called financial authorities who are daily looking more and more like clowns 🤡
    2
  47597. Hope they carry flood insurance. Because home owners insurance DOES NOT cover flooding!!
    2
  47598. How is the hourly wage currently in Florida
    2
  47599. Generally, I would agree with you. But a system that's scalable is a scalable system.
    2
  47600. 500K where I live buys you a shit hole that needs another $150K+ in renovations. Looks like boomers are trying to unload the homes they bought for 60K back in the 70’s-80s.
    2
  47601. What’s amazing is not the 100k subscribers but you in something other than a tank top.
    2
  47602. Thanks, Michael. Fascinating case. What a nightmare.
    2
  47603. Live in the Bay Area bought my house 30 years ago. So many of my friends at the time we're in the same boat. They would buy nice luxurious cars that had a 5-year loan then they would refinance their house pay off the car pull out some money and turned your 20-year loan into a 30-year loan in one sense there 5-year car loan turned into a 30-year loan. The housing market kept going up and it would repeat this process every 4 years. Needless to say most of them lost their home and are now living outside the Bay Area commuting 2 hours each way to work
    2
  47604. I was surprised to see that Barry Gibb is selling real estate in Florida. Who knew?
    2
  47605. You did well. I’ve been on the opposite end of the spectrum. I’ll dump at the next all time high, then wait for the drop and repurchase.
    2
  47606. I'll have to go with M. Brown's strategy here, Bordenaro had the chance to sell when it was 60k+, now it's down to about 23k, so only around a 1,000 profit if sold now, but last I knew MB's strategy is to hodl long term, but I think what would be textbook is to sell when it gets high again 50s or 60s+ and wait for a nice drop again. I'm pretty sure the crypto market is manipulated, and the people that are doing it like to form firmament structures on the graphs, so the 22k bitcoin in Dec 2020 now came back down to around 22k, would form a firmament structure, but it would probably happen when the total number of days between those two dates totaled some occult/ gematria number that these people are into. Mike, have you seen WatersAboveCrypto channel?
    2
  47607. Is anyone surprised that only people with "skin in the game" are trying to trumpet the realestate market? It all comes down to "MONEY" They have lots to gain by bringing in buyers. Unfortunately those people are going to be left holding the bag (debt) at the end of the day. Guarantees no realestate person is going to say sorry and cover some of your losses. TOO BAD SO SAD for the buyer.
    2
  47608. Thanks for dodging the raindrops for us! If homes don't go back to 2019, I will be one of the ones renting forever 😟☹️
    2
  47609. Super fun fact from experience... Prenuptial is admissible in most courts and states...
    2
  47610. Michael, thanks for the Transparency.
    2
  47611. Corporate America should have a "credit score" before they are allowed to pedal crap.
    2
  47612. Yes. the Electric leaf blowers are just as annoying!!
    2
  47613. Property taxes and homeowners insurance will be the next mortgage MONTHLY payment that goes on in perpetuity!
    2
  47614. Michael if you ran for a political position you would have my vote.but you would be the good apple in a bin of rotten apples just like what is happening to Trump you would be considered an outsider of their corrupt political swamp bin.Please never stop educating the public about the truth in what is taking place in our country you are truly appreciated, God bless you and your family.
    2
  47615. "The banks will gladly loan money to anyone who does not need it." Good point on the rich borrower with the 850 score. Absolutely isolated from Joe and Josephine American. I am renting dirt cheap compared to what buying this square footage in this Zip Code would cost (and then there are taxes, maintenance an HOA dues). What kind of masochist would sign up for that? Cue up Tom Lehrer's "Masochism Tango". Grins.
    2
  47616. Kansas has to pay people to move there and still loses much of the workforce to St. Louis.
    2
  47617. South Florida has very limited building space. The ocean on one side and the Everglades on the other.
    2
  47618.  @MichaelBordenaro  Whatever you will do will be right for you guys. However, I would so love it if you guys found a cute, little, dare I say affordable, bungalow in the Miami area. We can dream, can't we?! ;-)
    2
  47619. The Recession has arrived and is very severe! The Soft Landing is nothing more than a wistful fantasy! Quickly, in-coming is an inevitable, irreversible, international, global-wide, 1930’s style Depression, with no easy escape or exit!
    2
  47620. I feel like they are setting us up right now with this railway strike. It will be an easy scapegoat for the fed to blame the crash, the runaway inflation and everything on it.
    2
  47621. Mike, you always have helpful business information for us here. Keep up the great work!! :)
    2
  47622. The CPlIe always understates inflation. We know that without question the fed is restarting QE next year. The question is though will it reinflate all bubbles like it doe the last time,. or will inflation roaring back hit the economy like the explosives rigged in the Deuville? Seeing all those tracks on the beach really shows how much energy is needed to maintain the artificial desert we call the beach.
    2
  47623. on Redfin I couldn't find monthly stats, only year over year, where did you find the month over month stats?
    2
  47624. Thanks for sharing 👍🥰
    2
  47625. Congratulations my guy
    2
  47626.  @MichaelBordenaro  oh ok. Yeah you're right. It's sad all around. I hope the other buildings don't meet the same fate
    2
  47627. Michael You are right about >>2:33 - 2:52
    2
  47628. Thank you for all the Videos.
    2
  47629. What about an all cash buyer wanting a beach front high rise investment property to personally use half the year?
    2
  47630. The problem with people who grew up in high cost areas, or have lived there for a very long time, is that they can't fathom the fact that there are low cost areas where people have a much better standard of living for much less money. They only look at the income side of things, how average wages are lower in certain areas. But they don't understand what those lower wages can afford to buy.
    2
  47631. I think the key metric is how does wages/unemployment stack up against food, shelter, and energy. Right now not keeping pace. I believe we will have a recession until the former meets the latter three.
    2
  47632. electricity is a renewable resource unlike gasoline so charging MORE for it is just a perfect example of how absurd our society has become .
    2
  47633. WOW Michael 😮💥❗️ You’re Crushing it with your subscribers 😃😃😃. Glad you finally got your plaque. 111,K Subscribers as of now But you’re going to get to 200,K SOON 😊. Thank you for today’s video. Blessings, Carlos ✝️🙏❤️😊🇺🇸
    2
  47634. as a new englander the car parking, triggers my ocd
    2
  47635. When I moved to FL in 1990, I lived in a 14-story oceanfront condo on Hollywood Beach. The building was and still is nice but it is now 50 years old. When I started shopping for a waterfront investment condo back in 2015, I decided I didn't want a high-rise, not because of any safety concerns but rather because they're too congested and a hassle to deal with elevators and lobbies. I bought a 1900sf waterfront 2nd floor unit in a 2-story/4-building/16-unit condo, well spread out with plenty of garage and open parking. The only problem is the maintenance is not cheap - $500/mo plus $20K in assessments over the past two years! And the property taxes have increase from $2900 to $3900 over the past five years.
    2
  47636. That CA appreciation loan scam states that your parents cannot have ever purchased a home in order to qualify. This is ALL for the invaders.
    2
  47637. Remember the Led Zeppelin song. It isn't: Leaving California, it's: Going To.
    2
  47638. I'm moving to Tampa/St Pete/Clearwater are in April...I almost impulsively left from Michigan a month ago and didn't...I'll have minimal $$ but I will pay for a month in a weekly cheap motel, and hit a temp service for work...and leave enough to function untill paychecks come in..
    2
  47639. I like watching these type of videos, Its reassurance that it can be done..It will be tough but It's what I want badly..lol
    2
  47640. Thank you for the update!
    2
  47641.  @MichaelBordenaro  You have consistently provided leading indicators for the future of the housing market. It’s impressive when new information confirms what you have predicted. Congratulations!
    2
  47642. If California were the last state to move to I would choose to live under a bridge in a cardboard box
    2
  47643. Hopefully this buyers market is located in non suburban car dependent hellscapes. But I doubt that, I still sadly think that places where you can walk everywhere will still be very expensive in the US. Would be nice to build more of these places.
    2
  47644. We are letting this govt get away with murder. It's time to rise up against these tyrants.
    2
  47645. you could have moved to chicago, its the 3rd largest metro area
    2
  47646. The A.I. Speculative Housing Mega Cap Ultra Bubble is real. It is a "Super Bubble". Now the Wall Street see this, they think it is 1996. It is 2000, its too late.
    2
  47647. I think you are fantastic. Keep up the good work.
    2
  47648. Totally agree, college or university for me is totally waste time and money, just pay off my college debt, and my current job dont need a college degree, even if you have uni degree you still need to get a professional license so makes no difference!
    2
  47649. Truly hoping the market will at least drop by a bit in south Florida by end of 2023. The 4/3 we want that were about $380k back in 2019-2020 are now $550k+
    2
  47650. 👍
    2
  47651. You can have millions of Bolìvares and you could only buy a hamburger 😂😂😂
    2
  47652. Michael - I received an email from the ‘to be built’ Montage (not sure if this is the same Montage company that’s in Orange County, CA) Hotel and Condos (not hotel condo concept) in Tampa. Yikes - $3m - $5m for various condos. HOA’s - $3500 PER MONTH…. You warned all of us right after our 2 big storms, that HOA’s in FL were going to soar…. I’d say $3500 per month is the definition of soaring! Thank you for all that you do, to keep us all informed and in the know!
    2
  47653. You are far from gloom and doom. The people saying that have a rude awaking coming. Doom and gloom would be Janet Yellen's latest announcement.
    2
  47654. They're clearly playing with the people...nobody is buying or renting that lol
    2
  47655. Great ideas on a great walk 🚶‍♂️ 👍
    2
  47656. She needs a lawyer!
    2
  47657. Looks like all the houses with pillars in front you are walking by seem to be doing just fine.
    2
  47658. why don't we become like the Matrix. hooked up to virtual reality and just sleep
    2
  47659. Homes are waaaay overpriced, and the few ones that are not .. are left to a blind bidding war where flippers buy in cash AS IS no inspections, to then renovate and put on market at a high price, if you're a new buyer wait till the next crash or better yet work remote from overseas
    2
  47660.  @MichaelBordenaro  ya, I get we all die sometime and don’t know how but there’s something about this that makes you feel uneasy for sure💔prayers to all those lost🙏
    2
  47661.  @MichaelBordenaro  stay safe Michael!
    2
  47662. Whoa... Happy Birthday Michael🎇🎇🎇✨✨🎈🎈🎈🎵🎵🎻🎻🎂🎂🎂...my ex B-day too...
    2
  47663. Thanks!
    2
  47664. Don’t go to San Francisco it’s not safe😮
    2
  47665. I’ve seen several Videos today If people think Florida is expensive. They need to live in California. Seriously... I can’t even believe what it costs to live here. Rental 2 bedroom condos in a shady county can be $3000 a month. PG&E don’t get me started. Lunch at a Restaurant is unbelievable. I can’t wait until I can make this happen. All that green, tropical plants, ☀️ Sunshine. Just Wow !!!
    2
  47666. 25 years. It could've been paid off at 25 year ago prices.
    2
  47667. Listening to Powell is helpful for people who are realistic about how he has to talk about things, and are able to read between the lines, but I don't think most people are able to do that.
    2
  47668. This is a total dog-eat-dog world. Every word was true in the video.
    2
  47669. Key is PROPERTY Tax ,, if law is change same 100 year ago ( tax base of Purchase price = not a current market price) , America will be the Best Country of the world ,,,
    2
  47670. Don’t forget to hydrate well.
    2
  47671. I’ve decided on renting and trying again next year, Miami is still hot I’ll be watching from the sidelines 🫡
    2
  47672. All shady developers like those will be judged, just a matter of time. Guaranteed!
    2
  47673. Thanks!
    2
  47674. If you look at the chart of the gold price in USD over the past year, the yellow metal has held up really well and even increased by 0.5% year-on-year (but fell in real terms due to inflation). After the Russian invasion of Ukraine, the price of gold spiked in March, but then fell back to its baseline level. Seeing how crypto speculators have been wiped out, real estate prices have collapsed, and stocks have plummeted, gold is the safe haven.
    2
  47675. 30% reduction in Southern California would be awesome!
    2
  47676. Dave Ramsey gives terrible advice. How he can, in good conscience, tell his listeners to buy a house right now in this market is beyond me. You can tell Dave has some serious loyalties to (sponsorships with?) some big players in the real estate/mortgage industries. He should be ashamed of himself for giving such reckless advice.
    2
  47677. Good to hear this commentary and perspective! Helps me get a feel for what's going on in the market
    2
  47678. The government will not admit there is a reason until after the November elections
    2
  47679. Can I stay with you?? 😂 Great video!
    2
  47680. I would buy silver with my UBI
    2
  47681. Rich people buying real estate. Middle poor class is going broke! Prices are NOT dropping.
    2
  47682. The guy who bought it did no due diligence...easiest way to get screwed. Another sucker.
    2
  47683. Michael, I have several properties in Florida that are not in flood zones and I do not have to carry Flood insurance.And yes I do have them insured with citizens.
    2
  47684. After seeing the devastation in acapulco isnt it time to sell and move away from miami. that region is in high danger from sea level rise which is already happening due to warming expanding oceans and reports of over 2 million sq.miles of antarctic ice melt with summer just beginning. sell sell sell while the market is up yes<<<
    2
  47685. The prices where we are - aren't budging now.
    2
  47686. Michael, do you use the selfie or the main cameras of your phone?
    2
  47687. To be honest, not your target audience type of homes, lol. Of some these places, I’ve heard not so good things, albeit I’ve never been so I cannot judge. I’ve just heard. I personally would not buy any of these. Just my thoughts. Also, I’d love to see homes in the 100,000-200,000 range, like Miami/Bal Harbor areas! Great video though, was interesting what’s at that price point.
    2
  47688. My wife and I enjoy your videos, in regards to your retirement, great plan doing the videos very educational and the fact that you walk every video you may get to 110yo so you need a good plan 😂 keep up the good work we are learning a lot, from Cali
    2
  47689. even besides that, people don't like to catch a falling knife. people prefer to buy once it starts going back up, not on the way down.
    2
  47690. Welcome to NYC a sanctuary city
    2
  47691. 41% of gross equals fail and completely stupid!!
    2
  47692. I think Michael is ready to buy his Yacht 😊🛥⚓ Love the channel man
    2
  47693. Figures don’t lye and lyres don’t figure. Example 9 out of 10 Hondas built in the last 10 years are still on the road . True. I didn’t say when in the last 10 years. If purchased yesterday is still with in the last 10 years. One more bs statistic. GM cars sales up a 1000 percent. Toyota sales down 50 percent. What does that mean? Nothing! GM was making one car a year and boasted production to a 1000 cars. Meanwhile Toyota was making 20,000 cars are down to 10,000 cars. That would mean Toyota is still making 10 times the number of cars as GM.
    2
  47694. Thanks for the wise advice in the vid. What do you think about new build deals that you also had mentioned before? How long will they be around and how long will builders have to continue building?
    2
  47695. Believe it or not...after doing 25000 home inspections on the Treasure Coast...most of the multi million dollar homes ARE VACANT.
    2
  47696. Awesome guitar playing !!!
    2
  47697. Michael, what do you mean by pain? I’ve heard this a lot there’s going to be pain I think people are masking the pain they’re taking their credit card out of their wallet and they’re covering up the pain, so where is this pain? What does it mean? I think people think that they’re immune to this pain
    2
  47698. P.S. my new salary down there in PSL will be approx 50K.... But I know NOTHING about any of the areas near there. I appreciate your hard work on these vids!!
    2
  47699.  @MichaelBordenaro  thank you for this info. I truly appreciate it. Have a great day
    2
  47700. How is it I never see any homeless people when you’re walking around? Is it not an issue there? I live in San Diego and there are people living in tents and in cars everywhere, some places you can’t walk down the sidewalk. I don’t know at what point this becomes a humanitarian crisis. These people need institutional mental hospitals but we put them on the curb like stray dogs. I don’t see how this glaring issue and the sky high prices for housing can coexist .
    2
  47701. The Atlantic Coast just isn't the same as the Gulf. Very pretty but the beaches aren't as nice. thnx for posting.
    2
  47702. I grew up on a farm, moved to the city and researched living in a hi rise condo ... I couldn’t do it. I couldn’t do it due to the emphasis on researching condo boards which seemed a risky proposition ... and then potential special assessments? Yikes! Too much out of my control! I bought a house. I don’t get people that want to live in high rises
    2
  47703. LMAO over 1000 a sqft for that dump, ya ok buddy. Bought it for 515k, put 75 in and want 800k more. Keep dreaming seller....keep dreaming. Good info here thanks Michael.
    2
  47704. Thanks!
    2
  47705. Let's be honest, politics plays a huge part to . I pray that mentality stays out west
    2
  47706. Its certainly understanding your fears as I believe all of us feel the same. Such a great message about living each day being happy. Have a good day 😊
    2
  47707. They'll declare a recession after the elections.
    2
  47708. HOLY MOLEY ON THAT TX INCREASE, F INCREDIBLE !
    2
  47709. You should look into Sweden and their cashless society….I couldn’t even buy a cup coffee with coins
    2
  47710. A loaf of bread in the Philippines is 89 cents right now. I believe a loaf of bread at Kroger is 4.99. you guys are getting screwed
    2
  47711. I actually don’t blame the hoa’s I blame the people who buy the house in an hoa
    2
  47712. It is sad that people have to pay storage on their bodies and belongings.
    2
  47713. Is there really nothing else to invest in other than making passive income from people that can't afford to own. (Being sarcastic there are other investment practices) It seems that people forget that for all the luxuries we have, we have them because people were fighting to make the best product for the cheapest price. Expand to the largest market and profit. You benefit humanity and you benefit yourself by gaining resources (money) from the Production of Scale and selling a good product that betters peoples lives. Renting does not better your life, credit does not better your life. Mortgages do not better your life. Majority of humans can barely process the financial systems that are being used and by implementing these systems it becomes a net detriment to all of us.
    2
  47714. You missed Vero Beach and Sebastian. Great sunsets from Sebastian Inlet State Park. Great kayaking. Fun Indian River Waterfront away from the barrier island wind. Free beach access; natural beaches; no highrises. We are THE TREASURE COAST!
    2
  47715. Found your channel thanks to the YT algorithm. The mid-century/small town vibe reminds me of Tybee, a community I love. You and flowers remind me of my son and dogs. We raised him with cats but his whole life & adulthood he has to stop and say hi to every mf dog 😂. If you need an additional hobby, botany/horticulture/florist is your other calling… I thought it was great how you thought aloud about your career during the tour. You don’t get to hear that much on here…. I won’t live in FL but Surfside looks well planned and well thought out. Just has to work on those sidewalks. :) Thanks for the tour. It’s nice to see it before it became every engineer’s favorite topic.
    2
  47716. Micheal, it is happening everywhere. Sterling Ranch CO is in freefall!
    2
  47717. Thank God for people like you who are trying to tell people the truth. ARM, LEG, & FIRST BORN....just wait until that property tax bill hits. Oh my.... people have the attention span and memory of a gnat. Don't they remember 2008? OMG, so dumb!
    2
  47718. Corrupt economic system
    2
  47719. $137 to fill up an EV hummer from empty with electricity XD
    2
  47720. People love to complain, holy crap. I just bought a place in Jupiter Farms six months ago and we love it. It’s soooooo much cheaper than NY even if you factor in higher insurance, property taxes and cost of living. Not having to pay NY state income tax basically pays for everything in Florida. You also can’t put a dollar value on the much nicer weather in FL.
    2
  47721. Ty
    2
  47722. HOW WILL IT END......WITH A BANG...BOOM....AND BUST I'M GETTING EMAILS FROM OPEN DOOR.....AND I DON'T OWN ANYTHING RIGHT NOW
    2
  47723. HI MICHAEL I'M A HUGE FAN OF YOUR CHANNEL. I'M 65 AND I LEARNED SO MUCH FROM YOU. THANK YOU FOR YOUR VERY HARD WORK CANADA 🇨🇦 PEACE ✌️ ☮️.
    2
  47724. My first YouTube where I can see Micheal without wearing his sunglasses!😎
    2
  47725. Hang in there McDonald's bidenomics is really starting to bring things around 😂. Dollar tree is changing their format on pricing that puts them in a bigger pool of discount stores!That will cause them big problems.
    2
  47726.  @MichaelBordenaro  I understand that, but the house is not liquidity, you can't manipulate fast enough. I wouldn't invest today in rental property, but if I needed a living space for my family, I would buy even the chances are the market will go down even more. Rent is not cheap too. You know, I bough the properties in 2001, 2008, 2010, 2012, 2014, 2016, 2021. All of them are above today's market value. Some are above 10%, and others 250%. I don't know what to call "a right time" to buy.
    2
  47727.  @MichaelBordenaro  Exactly. That always has been a huge problem. People don't do the math, and don't plan 10, 15, 20 years ahead. They should.
    2
  47728. You help them as much as they helped you.
    2
  47729. Never been there! Nice to get a taste of what it’s like there. I remember speaking with someone from Tallahassee and he had a very Southern accent. Did you find that there too?
    2
  47730. You should have got a selfie stick and recorded over the fence
    2
  47731. What's crazy is the west got taken out from within. All self inflicted and without a fight. Pretty insane.
    2
  47732. Many sellers are playing the "Unknown" game on the disclosure.
    2
  47733. Sounds like California is still trying to drive out business as fast as they can. Who in their right mind would want to invest in residential real estate there?
    2
  47734. I have a Hybrid Camry and they run great and very smooth. They are also low maintenance. For example, I’m 70k miles in and have the original brake pads.
    2
  47735. What happens when reverse mortgagers go bust?
    2
  47736.  @MichaelBordenaro  I agree they all kick the can down the road for it is not done on their watch and the voters won't punish them by voting them out. This is why we need term limits, we have it for the president and need term limits for all branches of our government. We also need to make it so these corporations can't buy the politicians with their dollars. We also need to push for fair and just districting for they can't manipulate the districts to make it favorable for reelection. Corporations are not citizens their loyalty is to the shareholders. The corporations don't have the country's best interest as their priority.
    2
  47737. glad I don't own a condo anymore. The HOA we have in our neighborhood is laid back. Dues are $35/mo. to keep up a little area with the neighborhood sign.
    2
  47738. If you can rent a house for 25k a month why not just buy it 😂
    2
  47739. ...the pahndemic Michael, almost seemed designed to disrupt American society, or economic well-being, norms, and futher dissolve our freedoms. As if a Vyrus could do that...
    2
  47740. With legal a contract in place, I would be inclined to buy with someone else like a sibling or friend I could trust. I would make sure I had legala and scenarios in place so as to not ruin a good relationship
    2
  47741. Sign: Do not park on the grass! Very next frame: car parked on the grass. If you were trying to be funny, it worked. btw, awesome channel.
    2
  47742. I’m still driving my 97 civic Honda & not the Accord hey I’m thankful only 156,000 miles
    2
  47743. Once, I did not insure a car and totaled it. I was SOL. I Won't be uninsured again.
    2
  47744. Airbnb has been terrible on balance.... neighborhood damage...
    2
  47745. No way!!! Two of may favorite dudes on YT. 🤙
    2
  47746. I figure all the people with cabin fever and traveling will get it out of their system and by the 4th of July they will be tired, broke and sick of being ripped off, and poor service and crowds, then they will clamp down on their wallet and purse by the fall. Me and Warren Buffett are guilty of buying the cheap item at McDonald's. Get 2 sausage biscuits for $2.11 which includes tax for breakfast..lol Being retired in WV I pay $40 per yr in prop tax in a paid for in cash house, don't bother with home insurance. And live like a king on 20K SS plus a hefty IRA that will soon be invested in 9%+ div paying reits etc as soon as the market melts down to -40% or so. With no job I pay No tax on $15K in ordinary divs which is a gov gift I take advantage of.
    2
  47747. I am flying, go to Mexico Los Angeles and France. I paid 6K to France from Miami, 1.4K from Miami to LA and from LA to Cabo I paid 1.5K about the same to Puerto Vallarta. I moved all my 401K's , so did not loose anything but made nothing, at list not loosing, but have lots of investments in property and others..
    2
  47748. 🎉🎉🎉 Always great content Michael. Keep on keeping on my friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  47749. These elite Economists, don’t take into account that there is no “ middle class” anymore……minimum wage has killed jobs… politics have destroyed life in the USA….politicians have divided the people with their Plandemic and Vaxxed policy….. here, in California, you can’t afford a loaf of bread, ( $5 - $6)….Milk: ($4-$5)…. most people are leaving, because of the politics….⁉️⁉️
    2
  47750. Yes, Social Security is a huge Madoff scheme and politicians have known this for decades. Even worse is the same politicians' raiding and diverting the SS Trust Fund over the years to pay off pet projects and lobbyists.
    2
  47751. I don't think people understand that the FED is slowing down interest rate Increases, NOT Decreasing rates. So if rates stay fixed at some point, people will need to settle for less house or wait for prices to moderate. Thanks, Michael, for clarifying!
    2
  47752. HAPPY NEW YEARS TO YOU AND YOURS, STAY BLESSED AND WELL., ALSO IF PAY WAGE IS NOT THE MEETINGS OF THE CURRENT ECONOMY WELL SO LONG.
    2
  47753. Thanks Michael
    2
  47754. Went to the Dr. For my yearly physical and the NURSE asked me if I wanted to schedule my COVID SHOT ... I just laughed in her face and s 0:00 aid ,, ARE YOU KIDDING ME.???😂😂😂😂😂 NO THANK YOU... But goes to show, they are going to be pushing HARD for mail in elections.. WATCH !!!!
    2
  47755. Can you still get out of the contract if you can get a loan but you're not willing to pay the interest rate what is offered from the bank?
    2
  47756. The people need to show the govt who they work for. Something needs to be done because right now it's a run away train govt. Wake up
    2
  47757. Would appreciate if you can suggest a beach on Florida east coast, a beach which is not very crowded and is clean. Thank you!!
    2
  47758. Insurance is the tax that keep Americans poor…just much more expensive in U.S. …just health,home & auto possibly over 20K a year.
    2
  47759. Thank you Michael for your excellent content. I watch you, JB and Dan daily. It would be great to see you all together! Regarding unemployment: No one is counting the well over 140m who have been made to QUIT because of the jab. This includes pilots, nurses, doctors, soldiers, etc... The real numbers are way over double digits. And then there is the inverted yield curve that has been inverted for like a month. Anyone who does not see we are in a recession needs mental help. Keep up the good work!
    2
  47760. How bass-ackwards this world is; all thanks to these useless corrupt government bureaucrats.
    2
  47761. Thanks for your amazing vides Mike))))
    2
  47762. love da vids keep up the content!!
    2
  47763. Would it be possible for you to make a video about Nevada and how it compares to Florida. Even better if you could actually visit Nevada and tour it like you recently did with California. Maybe on your next vacation 🤔😎 Anyways love all of your videos, keep em flowing! Much appreciated Kind regards Sean 👋
    2
  47764.  @MichaelBordenaro  thank you for a quick response 😄
    2
  47765.  @MichaelBordenaro  I own my home free clear I don't take out loans Never took out a loan in my life. Always paid everything off in full. Never pay that finance charge in my life 😁 I still live the same way today. I am debt free 😁😁😁😁😁
    2
  47766. Exactly. And no soul is gonna want to pay alot for a condo, an apartment etc after that day...nobody. Drop the price on everything now. Make it affordable. I guess that what takes now for them to do it.
    2
  47767. its -2 here
    2
  47768. I hinted in another one of your videos that looking at them made me feel nostalgic for when I first moved to MIami Beach - some 30 years ago. I have fond memories. I now live in North Miami Beach and go to Haulover when I want to go to the ocean.
    2
  47769. Come on man! Bidenomics is the greatest thing since silly putty. 🤪 And we ty for putting out these videos. Onward to 500k bro!
    2
  47770. CONGRATS.. 🎉🎉🎉..PRIME RIB.. ONE OF MY FAVORITES TO CELEBRATE😊😊🎉
    2
  47771.  @MichaelBordenaro  ...what dates were you here?...certainly not late June or July. 30a & Destin is a parking lot!
    2
  47772.  @MichaelBordenaro  ...if you’re planning on moving to a beach town, you really need to come during the high tourist season to REALLY know what’s in store. Used to be there was “off season” for the locals to enjoy the area beaches, but between the “snowbird” season (Nov-Mar); Spring Break (Feb-Apr) and the local towns putting on more “Weekend Fest fests...pumpkin fest, Elf Fest, butterfly fest, shrimp fest, crab fest, scallops fest, bunny fest, etc, etc.; the days of quiet roads & empty beaches are becoming few and far between.
    2
  47773. Rocket launcher at 15:21?
    2
  47774. Very good one lots of great info,,,I was impressed with the comments about commercial investors effect on the market . Very insightful
    2
  47775. You’re in my hometown 😊
    2
  47776. Thanks!
    2
  47777. Excellent video
    2
  47778. It should be illegal for hedge funds to buy family homes.
    2
  47779. What does being American mean? From what I see It is be greedy, sell American land to the enemy, and sue when ever possible...the American Dream!
    2
  47780. VOTE THEM ALL OUT... EVERYTIME!!!
    2
  47781. Thanks Michael. Any predictions from you or your viewers as to when the crash would be?
    2
  47782. Mike, you need to walk, while recording, in the city of Miami. Homelessness will be a common sight.
    2
  47783. Should have bought while I was in the womb
    2
  47784. I am interested in retirement living in Miami Beach. How is the health care? Hospitals? Urgent care centers? Senior centers?
    2
  47785. I GO EVERY TWO WEEKS
    2
  47786. Is it a test.. scary stuff fren
    2
  47787. Agents will have to take 1 percent from the seller buyer will use an attorney
    2
  47788. I died laughing. I'm not some sort of genius or wizard folks. Ahhahaha it's called common sense and to many it seems like magic. Very rare.
    2
  47789. Michael Bordenaro Agreed, but they’re done with a different correlation and it doesn’t feel repetitive. I’m also excited to see more beach reviews. Lol. Great job!
    2
  47790. Just wait until they bring back the McRib…
    2
  47791. If u continue north check out Land Park, East Sac. Downtown Sac is trying but crime, homeless etc is overwhelming.
    2
  47792. Love ❤️ your music
    2
  47793. Hi Michael You always have the BEST information regarding Much more than just real estate. I really appreciate all of it. Thank you Sir. , Carlos
    2
  47794. working with a first home buyer was 'a huge pain in the ass'. this coming from a realtor? I am glad you're not my realtor - everyone was a first time home buyer at some point. I usually like your material so to hear you say this was very disappointing.
    2
  47795. 15k !!!
    2
  47796. I've lived in SWFL for last 12 years (Port Charlotte), and due to demographics (most elderly) and jobs this region is always the most boom/bust in the state. If you're young, reconsider moving here because it's VERY slow, and VERY old- Cape Coral is slight exception.
    2
  47797. I found extremely interesting people's comments overall. not sure what they base many of their answers, as they make no sense. Maybe that is why the elections are where they are. I think the US is going to suffer more then the majority of people think. one reason because we still voting for the worse government in history. We want change but we still making the same mistake hoping a different result. My comment is, do not complain when you have no more money to pay your bills you voted. The article about thanks giving is idiotic, as restaurants still need to pay all does increase, so how do they come with been cheaper to eat out?? I am glad all this does not affect me and I can still do what I want when I want. So I am going to Europe for the next 4 months. Happy holidays to all.
    2
  47798. Going from a renter to an owner means you foot the renovation and repairs. New home owners almost always want to make the house their own. Many rental supply appliance and repair them. The appliances left by the previous owner (if any) may need repair or not be what the new owner wants.
    2
  47799. Can you do a video on Miami housing market specifically
    2
  47800. ?nice video thanks . have you done one on west coast condos near st. pete . also you mentioned your cell phone carrier which was? i forgot i am trying to get rid of verizon
    2
  47801. if you have a family 85k won't go far even in cheaper states like ohio these days, better than cali of course
    2
  47802. 60's in winter is nothing. Even 40's is temporary. I'd rather have a cooler winter in FL than oppressive summer in the Miami area.
    2
  47803. I wonder why they are selling? Maybe they think this is the top for California. Who (middle class type) really wants to live there anymore if u think about it
    2
  47804.  @MichaelBordenaro  Have a good weekend!
    2
  47805. Count on inflation increasing big time.
    2
  47806. I buyers have changed the dynamic. There is not a shortage of homes, they have created a new rental market leaving those homes out of the market when they buy blocks at a time saving title fees, commisions and taxes. First time home buyers are F....d unless something changes .
    2
  47807. We need some foreclosure to balance out the market
    2
  47808. Hit The Like Button...😁😁😁
    2
  47809. Keep speaking the truth Michael! I’ve been watching your channel for a year and look forward to your videos every day. Sending love from WY!
    2
  47810. No don't come to Oklahoma City, OK it's yuk. Okay really it isn't but you guys are pushing our market up. That $126,000 is no more. Our average is around $200,000+. Stay away. ❤😂
    2
  47811. Your spot on, Michael Have a great and healthy year Been an awesome year North Miami Keystone point
    2
  47812. lol way to beat up the retired guy who cant afford to live anymore. Some of these people need to go back to work, but others dont have the health to keep going anymore for 8-12hrs a day. What if they can live perfectly, and now the medication they take or doctor bills go up 2-5x's just like the price of other commodities and now they cant eat.
    2
  47813. This all has significant consequences for the local economy. All the money these homeowners are shelling out for these additional expenses, were once used at local shops, restaurants and other neighborhood venues. What we are witnessing is a controlled demolition of the western economy. The USA, UK, and Australia are all singing the same song about economic and housing woes.
    2
  47814. ARMs should be illegal. It’s obvious that it’s gambling in favor of the Banks!
    2
  47815. great job
    2
  47816. MICHAEL SIR YOU KNOW THAT SONG BAD BOY BAD BOY WHAT CHA GONNA DO WHAT CHA GONNA DO WHEN THEY COME FOR YOU, I WOULD Q THE MUSIC ITS GOING TO BE A GOOD TV SHOW SIR.
    2
  47817. Something no one seems to mention is the insurance industry. They hold billions in money losing securities. One major earthquake on the west coast of a major hurricane in our area will empty their reserves and force them to sell their assets. Unless the Fed buys them it will be at a loss.
    2
  47818. OMG, Mike! How freaky is THIS?!: I posted my superhero line at the start of the video when I noticed you didn’t have your sunglasses on, THEN as I continue watching the video, you state the line— “They just wanted to look like heroes” at 3:22. Absolutely CREEPY-ODD-WEIRD!!
    2
  47819. Excellent
    2
  47820. Why are big corporations buying up a lot of houses ?
    2
  47821.  @MichaelBordenaro  Mike, I know Corp. can buy up what comes up on the market, but there must be an. Ulterior motive. I heard Corp. bought up over 30% of all homes on the market. I heard that on 60 Minutes, and the buyers aren’t even coming to look at the homes before they buy. “Something is up”.
    2
  47822. Michael- You are so right!!!!!!Prioritize homes for American buyers- and lock out foreign buyers and investors!
    2
  47823. I didn't have any help from family, 12 years on still stuck in rentals despite having 5 figures in bank._
    2
  47824. People complain about regulation but there is always people with money figuring out how to screw people. You create a program to help people and investors like these work the loopholes to "maximize" their profit regardless of who it hurts even if they can make a good profit without hurting people. Then we have to change the rules or add more regulation to try to prevent these people ripping people off. We need better tools for fighting inflation. Inflation is caused by businesses raising prices quickly in response to either a rise in demand or a supply disruption. This then spirals with each business along the way raising theirs a little more. The Feds only tool is to hurt the consumer enough that they don't have enough money and stop buying things. Then demand drops and business has to lower their prices to get consumers back. There should be a way to break this without having to hurt the consumers. One possibility is that if inflation is over a certain level then any increase in profit margin over some reasonable level for a business is taxed at a very high level (windfall profits). This would discourage the business from using a crises as an opportunity to rip off their customers.
    2
  47825. I love dogs too Lizzy I paint pet portraits...a beautiful day where you guys are! We are walkers may the force always be with you!
    2
  47826. Ok, never seen you before but I'm quite impressed... sincerely. I consider myself to be a bit above reasonably intelligent n have to say that lotsa these videos do not capture my interest. YOU speak clearly, intellectually in a manner than most ppl can surely grasp. I appreciate your statistics and the lil tid- bits you share. This was informative and eye opening. It would take too long to share my personal story so ill save it and just share that YES, I am feeling the crunch! I am resourceful and responsible in my money management. I have been w/ a room mate a bit longer than initially anticipated..moved in together 1 month before Covid hit then was dx w/ breast cancer in May of 2021. Long story short I am grateful for the arrangement as it's definitely a mutually beneficial situation. You speak a lot about the prices of rent but you did not touch on the fact that in many areas of the country ( I'm a native of the "Live Free or Die" state of NH) but have been living in western Massachusetts and we are in a SERIOUS HOUSING CRUNCH! It's extremely difficult to even find an apartment currently. I might add that I live in a well known "Sanctuary City" in a HUGE democratic state...need I say more? Housing is unavailable for a varying number of reasons ; not just "affordable housing". I'll be following you and again; thanks for the info. Much peace, love,, good health and prosperity to you n yours Michael ✌️🌎💘🫂🌞🙏
    2
  47827. You remind me of Meet Kevin before he became a full, crypto nerd . Your information is valid and will appreciate it . On real estate and on these topics.
    2
  47828. Thanks Michael 👍
    2
  47829. Which city in Florida has the same lifestyle as San Diego?
    2
  47830.  @MichaelBordenaro  Besides so many distractions and information now days makes people forget what happened so quickly.. What I see is coming next are many regulations and certifications from the City to old and new building.. to make sure people feel confident investing in Condos.
    2
  47831. The dollar is falling and this will cause higher inflation.
    2
  47832. 17% of dreamers, thank god dreaming is free. And 70% of dummy's . ::)) Miami my opinion is going to crash. people in Miami are thinking that people are going to still move here, which is not the case in medium and long term. Majority of people in Miami also live above their means, this been a fact.
    2
  47833. Mike can you explain how in helco, short sale or foreclosure works? Does the bank sue for the deficiency from the sale?
    2
  47834. %4.5 for a 30 year?
    2
  47835. Hi Lizzy . Tired of Mike yet😂joke of course.
    2
  47836. Baby Boomers aren't getting old, they are getting younger . darn that was an insult to the baby boomers (Old and passing away ) They been doing that since 1960's and70's one person rents a townhouse and then rent out the bathrooms !!
    2
  47837.  @MichaelBordenaro  exactly, at a time when rents have surged almost 30% YOY the government has penalized investors who normally develop affordable housing and apartments and pushed them into buying single family. The fed and government are in a lose lose situation. They’ve kicked the can of their monetary policies down the road for 50 years and we’re nearing a place of severe pain. I’m not sure there’s any proactive steps they can at this point. It’s a matter of choosing inflation, stagflation, or deflation. The entire monetary system is in a really bad place and I don’t see anything other than depression and pain soon. Long term value Investing has now devolved into a game of defense and how do I not lose. A lot of people seeing RE as the answer. Speculation and over leveraging is rampant and I think 2022 is going to be an interesting year. There’s no qualified leadership and they’re only going to make more mistakes in my opinion.
    2
  47838. 1st comment.
    2
  47839. You are welcome.
    2
  47840. I may or may not have flooded my front yard so Don Johnson Jr doesn't walk by my house in his boxers again🤣🤣🤣🤣 and that was my neighbor whistling at you buddy he does that I told him to stop doing that he's just encouraging you.
    2
  47841. Mike, you left out one very important aspect of insurance. If you choose to go without insurance because your house is paid for, you are leaving yourself open to lawsuits related to liability on the premises. If someone comes on your property and gets hurt and sues you, you could be facing uncovered damages. If you choose to forgoe homeowner's insurance at least purchase a liability policy to protect yourself from any liability related to that property.
    2
  47842. No debt, but as you know, it takes all of your effort just to live in California. Keep on keepin’ on!
    2
  47843. Damn thats shady of Tesla
    2
  47844. With rents rising 4X faster than wages, I can't feel sorry for these CLOs.
    2
  47845. you know the entire thing is cooked books when layoffs don't move the U3 numbers . Unreal. The fact is that even the U6 (closer to reality) is cooked by the definition of unemployed not counting discouraged workers. Nor does it count people who have lost one of many jobs they hold, even though a single job still puts them in homelessness absent family shelter.
    2
  47846. I don't see anyone else walking on that Surfside beach path or on the beac on such a nice clear day. Why is that? Too hot? The new condo law regarding reserves and inspections do not apply to condos buildings less than 3 stories tall.
    2
  47847. Insurance is the reason i continue to drive a beater. Outrageous quotes on 15 year old cars ive been interested in ☠️
    2
  47848. Thanks!
    2
  47849. What about key west temperature? Is it nice 60 or 70 most of the year ?
    2
  47850. hey michael, what are your thoughts on buying investment properties before buying your primary residence, as someone who has done it? i'm in a place where i could afford a home, but not in the area I would want to live. My thought for my first home was to buy, live in it for a year or 2 to learn about home owning, and then rent it out.
    2
  47851. 4:20 squirrel.... sorry, I'm easily distracted.
    2
  47852. Hi, Michael! Did you see that Venice beach in LA has become a cradle of homelessness. It is unbelievable over there. So Miami beach is a paradise comparing it to Venice Beach.
    2
  47853. Holy crap! Michael has been cloned! 😳
    2
  47854. I Love 3 you showed but I love the 3 one more
    2
  47855. Michael, I live in Saint Pete and have Citizens. I am not in a flood zone. Checked with my agent 2 weeks ago and he said no flood needed - yet. That program is being phased in so I won't have to get flood for some years yet (5 I think).
    2
  47856. that 3-10k is more of a reward for people that have never done it, possibly?
    2
  47857. I am using A VA mortgage company who set me up with a realtor who never calls to keep me up to date with homes that might be in my price range SO ! I've started looking myself ! And I found a property that had been on the market for over 100 days and the seller was willing to accept a lower price by 20gs So I called my worthless agent and told him about the property and asked if he could start the process of negotiating and buying ! That was 2 WEEKS AGO ! I NEVER HEARD BACK FROM HIM SO I CHECKED UP ON THE PROPERTY AND ALL THE SUDDEN ! BOOM ! SOMEONE ELSE IS BUYING THE PROPERTY AFTER OVER 100 DAYS ON THE MARKET WITH NO HITS ON THE PROPERTY ! I FEEL THAT THE REALTOR SNAKED THE PROPERTY FROM ME OFFERING IT TO SOMEONE ELSE FOR WHAT THE SELLER WANTED SO HE COULD GET A BETTER COMMISSION ! CAN I PROVE IT ! NO ! BUT , IT'S VERY SUSPICIOUS
    2
  47858. You keep saying that the seller has had to pay both listing and buying agents fees over and over but are they not paying with the money obtained from the BUYER???? If so I argue the BUYER is paying both agents fees and the seller keeps remaining amount and of course has been raising price so they get more. Also if the buyer now has to pay for each offer this will KILL bidding wars in my opinion. Please comment.
    2
  47859. 👍🧨
    2
  47860. Real estate agents - not all but most - are masters of bullsh*t, usually it's very wordy bullsh*t but bullsh*t nonetheless. Just read some property descriptions they write and compare it to the photos of whatever it is they are attempting to wax lyrical about. PSA people - if it looks like a duck, walks like a duck and quacks like a duck - it's probably a duck.
    2
  47861. I wouldn't count on the government to save you. They haven't come through with anything note worthy yet.
    2
  47862. Thanks for sharing this beautiful walk!
    2
  47863. Good to see you got more tank tops for your videos lol. Keep up the great work… debt is growing among consumers…
    2
  47864. Thanks!
    2
  47865. America is an economical country with 70 % consumer-driven shut down consumers with inflation the country will fall on hard times . Michael how about a shout-out to the best Governor in America, Ron Desantis gas tax relief and so much more.
    2
  47866. 😂 House of devaluation of the dollar
    2
  47867. OH DEAR!! D: That's scary!! You look shaken. Listen, sir... I want to tell you.... "Jesus said, 'I am the Way, the Truth, and the Life. No one comes to the Father, but by Me" and again "I and My Father are One." (John 14:6; 10:30) Jesus is the eternal Savior, the Son of God, equal to God the Father and God the Spirit {see John 5:36; 8:18; 10:25}. The Bible is "all...given by inspiration of God and is profitable for doctrine, for reproof, for correction, for instruction in righteousness" (2 Timothy 3:16) and therefore is right on about anything it mentions, be it science or history or prophecy. When it says anything, we can trust it alone since it has/is always accurate whether we comprehend it or not... "there are three that bear witness in heaven: the Father, the Word [completed in the form of Jesus on earth a.k.a. God in a body] and the Holy Spirit; and these three are One. Nor is there salvation in any other; for there is none other name under heaven given among men whereby we must be saved... For the wages of sin is death, but the gift of God is eternal life through Jesus Christ our Lord... by grace are you saved through faith and that not of yourselves; it is the gift of God: not of works..." (1 John 5:7; Acts 4:12; Romans 6:23; Ephesians 2:8-9)
    2
  47868. Studying for 10 years, get a job work for 10 yrs and still haven’t achieved financial freedom. capitalism is scam!
    2
  47869. Can you please give us inflation Stimulus updates, Yours Truly, Dr.Doolittle
    2
  47870. I would love to see just the driving videos. I love your videos and the narration . But would also like to see just all the driving
    2
  47871. Dude the government ARE the rich. The rich buy them.
    2
  47872. Excellent suggestion about not moving to Florida if you have skin cancer. I have had carcinomas removed from my face and arms so Florida is probably not right for me. I appreciate your comments.
    2
  47873. I passed all the test👍🏻
    2
  47874. 17:20 based🇺🇸
    2
  47875. We need to ban ALL foreign investors
    2
  47876. Wow, those crypto night club action is crazy
    2
  47877.  @MichaelBordenaro  It seemed like a pretty quiet and laid back area in a short visit. Very clean and well landscaped. There was a really nice crowd on the beach too. Someone actually recovered my debit card in the sand and brought it to beach patrol. Which ended up saving the day 👍🏻 It's less than 2hrs from the east coast as well. I totally agree on the weather. It's dropping down to 30 up here tonight 👎🏻 I feel as though we're missing out on half the year up here
    2
  47878. 11:46 - this behavior is TEXTBOOK what people do at the top of a bubble
    2
  47879. I'm 38 and I can't even afford to buy a dang house🤬perhaps someday I will be blessed with that opportunity...
    2
  47880. Michael Bordenaro What about the Pensacola, Destin area? Better choice?
    2
  47881. Mike, please stop defending yourself from others about this upcoming crash. You do not have to prove anything to us. It is in the data and in the history. The other side is overcomplicating the uncomplicated. They are salesmen at heart and that is just what they do All bubbles burst. There are a dozen or more factors that says it will crash. The burden of proof is on the toxic optimists who are clouded by the money. Their way of life is not only threatened but it is an inevitable lock that we will see a bigger crash that 08-11. It only has to drop 28% to beat the last one. That 28% could possibly only be the halfway point since there are more headwinds than just ninja loans.
    2
  47882. I have assets own my own home and my net worth has gone up 50% and the economy flat out sucks. I feel for those that dont have assets they are being left behind and economy will suffer.
    2
  47883. I'm not inclined to think that land in the wrecked area still isn't going to sell cheaply.
    2
  47884. Fed Funds rate always chases the Bond Yield. So the Fed lost what remaining credibility they had when they lied and said Fed Funds will be at 1.9% by close of fiscal year. Fed Funds are going to at least 3.25%. Hold on to your seats, save your cash, and get ready.
    2
  47885. Hi Michael, current Montreal weather -15F, can't wait to be at my condo in Sunny Isles Beach soon. FYI, my condo insurance increased by 32% vs last year! Same coverage, no claims....crazy! Great video again. Keep it up!
    2
  47886. Also, im not sure us treasuries are "risk free" why is everybody saying this, when were in the beginning of a sovereign debt crisis. Im not so sure they're gonna pay all of that money back. I think once they get enough money, there gonna say, well we can pay all this debt. So we are only giving you 50 cents on the dollar. They'll suggest its your civic duty to help. We're in deep shit right now, not sure if we can get out. Also, im bot sure what to do. Ive got paid for real estate which my tenabt have paid off fir me over the years, but id be careful what u put your dough in. There is alot of counter party risk out there. Good luck
    2
  47887. In 2001 I bought a brand new 2002 Tundra for $20K. It was still in great condition because I took good care of it but I totaled it April 2022. IMHO the last good year in usa was 1999. When I bought that truck gas was .99/gal. We are getting screwed badly.
    2
  47888. Thanks
    2
  47889. Much of what you're saying sums this up--never ask government to fix a non-governmental problem, because in attempting a fix, they're also pandering for the related votes, and just makes the problem worse.
    2
  47890. They said recession starts ending of this yr heard from an economist on a conference call for a fiance company
    2
  47891. Yes, driving tour on ☔ rain days would be great
    2
  47892. It's wild to me how many people are telling themselves the economy is fine in the comments. This is a change. Feel like your channel is getting brigaded now that your sub count is pumping. This stinks of late 2007 where the recession started. We haven't even univerted the yield curve yet. This is going to be bad because we are going to lower rates way late.
    2
  47893. my home state last time were in vegas
    2
  47894. Michael they should get another assessment of how to fix the problem. My friends home was a chicken coup in 1940. The coup was changed to a home. The home was sold in 2016. The house was gutted by the new owners. One wall was not secured. The roof collapsed during a blizzard. It was fixed but the guy who did the roof did not do it right. So that also was fixed.
    2
  47895. It's definitely going up
    2
  47896. The woman and landlord should've checked the zoning regulations before moving her "Tiny RV Home" in. They didn't do the smart thing and check first. These zoning rules are in nearly every single-family home development. What most people don't realize, it puts a bigger strain on utilities, sewage, reduces surrounding property values, contributes to overcrowding and less parking. Imagine the state of the community when everyone has a RV with tenants packed in? *There's affordable housing in RV parks, single and doublewides. The woman and landlord will lose badly in court, it's been challenged before...Nothing new.
    2
  47897. With 1/6 of America behind on utility bills. And Auto repos on massive bad loans ( the unaffordable housing market is about to get affordable again )
    2
  47898. So true, glad I learned a tuff lesson on finances 2019 to earl 2022 & have been living 100% debt free since July 2022. Just recently paid for 2 cataract surgeries plus vision correction surgeries for each eye at just 58 yo. Just paid off this week approximately $7,000. Best thing is join a credit union where you can have savings accounts with no fees and layout a strict budget for every dollar earned Good to create Emergency savings accounts for each month of the year plus all major expense monthly & bi annual & annual I even have savings accounts for insurance utilities cell phone etc etc. Thankfully my 2005 Chevy Tahoe 4x4 has just 44k miles and paid off long time ago. My monthly budget accounts for every dollar earned, all expenses, savings monthly and investing monthly. Currently saving approximately 30 to 35% monthly.
    2
  47899. Most likely scenario is that the federal government will continue on a similar path regarding spending, messing around in wars and general disfunction. Multinational corporations will pull strings and the puppets will dance, it doesn't really matter who's in charge in DC. Housing and other living cost will adjust to reality when product demand goes down and profits peter out. The woke crap most of us hate will smolder down once everyone evolved realizes there's no money to made from behaving like entitled weird perverts. If you want to make more and save more, work hard, be valuable, spend less. If you want a better community, be a good parent and a good neighbor. If you want better governance, demand it, start locally and go from there. It'll never go back to the good old days, mostly because the good old days never really existed.
    2
  47900. 📌retirment process is broken because the system in place that allowed that to happen doesn't exist anymore ,you don't have the companies giving generous pensions for life .I agree with your analysis, the only thing that 60% of the workers did not see is that 40% of the others were going to work for "health, safety, education, municipalities, states, the Federal" they will continue to have nice pensions because the money is taken from the budget of the State,the taxs, the city, the hospital, the army etc ... In other words, retired workers in the private sector (60% of Americans will cry and 40% of workers in the public sector will laugh. I had created before 45 years old a company of more than 200 employees, when I saw what was coming, I sold everything, took 5 years of vacation and then I was hired at 50 years old !in the public service with all the other slackers, I now have a beautiful retirement,with just 15 years in the public sector! taken on ... The taxes that knock out private sector workers are unfair, sad.
    2
  47901. Perhaps you are a veteran of the Post Office- “Neither rain nor sleet or hail.” Thank you for your commitment! If you can ship the rain to us in Las Vegas- that’s a bet we will take!
    2
  47902. So is it possible to be elegantly homeless? Asking for some republican friends …
    2
  47903.  @MichaelBordenaro  That sand is dynamite.
    2
  47904. ... and yet the Fed says that inflation is 2%. 😡
    2
  47905. Yes, high property taxes and the public schools are teaching garbage, they locked you out of the beaches during Covid, and they may even be diverting police resources and letting criminals off too easy.
    2
  47906. Bidenomics. Wait until the Govt tries to bailout the housing market.
    2
  47907. There is already a teacher shortage and with these great influx of children, schools will be more stretched. The poor local kids will suffer too from over crowded classrooms and limited resources. An all around problem in the making.
    2
  47908.  @MichaelBordenaro  Thank You! I appreciate you!
    2
  47909. Michael the guy that pays 177 mil for a house pays 2% property tax EVERY YEAR so that will be the gift that keeps on giving. Plus he is going to be employing tons of people to do maintenance and stuff. Trust me, he is giving back. Like you said, he paid 98 mil and he demoed the house. I am sure he built another. Spreading the wealth
    2
  47910. Thank you for the video as always sound common sense advise. Can you tell us what area you where walking in. Thanks
    2
  47911. 🇨🇺♥️
    2
  47912. I would like to know what is going on other neighborhoods such as Doral, Coral Gables or Miami Lakes.
    2
  47913. 👍👍👍💯💯💯
    2
  47914. I enjoy your videos and you're constant updates on housing. What I been confused about is you continuously mention that houses are stagnant yet a report came out that housing sales are up 3%. That really shocked me. If there's going to be continuous increase in house sales will people expect to see increase house prices?
    2
  47915. Amazing video and very smart lady
    2
  47916. Get woke.. go broke! It's as simple as that. Vote for progressive policy, you get more crime. END OF STORY
    2
  47917. I love the videos. But ultimately, what are we supposed to do? Can’t purchase real estate. Can’t use the stock market. Worried that high yield money markets may buckle. What on Earth can a person DO to save and try to get ahead? I’m thinking about annuity BUT worry about the companies behind them, too.
    2
  47918. Michael,...at some point, I would(seriously) enjoy a video about the things you miss about your hometown/Illinois. Not saying that you want to go back,..or,...aren't glad you moved to Miami,..however,...do you miss friends/family/ Da Bears,/the pizza,..the smells,....the 4 seasons,...the midwestern values,...the memories,.. etc,etc??? A few of us care about that more than if the condo association normally meets on Mon and Wed,...or Tues and Thursday. Lol.
    2
  47919. Can you do a video of the Normandy isles area in Miami Beach? I haven’t seen it in your playlist. I am in New Jersey and looking at that area.
    2
  47920.  @MichaelBordenaro  ok great thank you
    2
  47921. Hi! I'd love to move to florida but the crime rate there scares the crap out of me. Is there a place in florida to live that's affordable and safe? Thank you for your videos!
    2
  47922. Good content but your sun glasses are oversized for your face- just sayin….Keep up the solid output
    2
  47923. What is the Interest rate is at for that deal? I read how the first time home buyers deal comes with a 8% Interest. I can only imagine a 1% down payment deal must entail in interest rate...
    2
  47924. 4:14 People who disagree have an agenda, thats not based on reason, not based on logic, not based on past lessons learnt....actually maybe they are based on lessons learnt but that lesson would be that they've made a mistake and bought at the top and don't want it to drop...so they can kiss our asses, don't fight the fed, you may end up ded. lol
    2
  47925. My father is the president of the HOA in a large retirement complex in Pembroke Pines. One of those places where they have a lot of activities and services for the residents. He got tired of seeing the place mismanaged so he ran for President. They recently busted a woman who was doing AIr B&B out of her place. She would go stay with her very elderly mother on days when it was booked. Slamming doors, guys smoking outside or walking dogs shirtless, loud music at night, etc. Since it is against the HOA bylaws to run ABnB’s in that community, it was easy to get her to stop. Metallica: My buddy and I worked as valets at the Chart House in the early nineties. After work we made the impromptu decision to go to the Metallica concert. Just walked up to the window and bought tickets. We thought they would only have nose bleed seats left. Turned out they had front row seats available and there was no one else around us. I don’t remember how much the tics were, but they weren’t expensive. Awesome concert! Funny because even though we used to camp out for concert tickets all the time that was the closest I had ever been to the stage.
    2
  47926. Higher GDP just means higher Corporate and Government while the middle class and working poor. No one talks about increased production which is how the real health of the economy which the Government wants to minimize.
    2
  47927. Me: Do you think home prices will go down later this year or sometime next year (Waco, TX)? Realtor: No ma’am home prices don’t really go down they’re a forever appreciating asset that increases in value over the years. It’s one of those where you buy it and watch it grow. Me: 💭 I guess I look dumb to him because what happened in 2007-2008?? Thanks for the video!! God bless you!
    2
  47928. Very well said!!
    2
  47929.  @MichaelBordenaro  oh awesome! That’s great, thank you so much!!
    2
  47930. Great video!
    2
  47931. I agree that its not the right time to buy yet because equity is going down. Hang in there another 6 months to a year and let the gradual price correction process take its course---especially in FL. Great advice on HELCO. Congrats on tres anos!
    2
  47932. I had thought most HOA's were democractic. If it bothered so many, could they not participate in their HOA and get elected? Then you know, roll back the rules? Almost feels like a violation of right to assemble. But hey Florida has been making very rational and well thought out decisions lately. Im sure it will be fine.
    2
  47933. I hate those fucking leaf blowers. Don’t like leaves, live in Lake Havabrew brah
    2
  47934. This guy gives his time to help people and don’t get that twisted.
    2
  47935. Like I said Micheal, Sex, Drugs, Rock & Roll! Oh Ya GOLD too to make bail, Legal fee's, and/or Payoffs! Be like water my friend!
    2
  47936. Never waive an inspection, and never buy a house sold "as is" unless you know any and all issues they must be disclosed. How many people will not get approved on a new mortgage. Not many actually bank's already started cutting back on home loans. You are facing Higher interest rates, higher home pricing, which buyers are driving does prices. Higher insurance, Higher maintenance, higher gas. I agree does buyers think that does homes are cheaper, but at the end they will be sorry that they did. They can sale or move because they cannot afford a new home anywhere. Lets talk about people for example that are moving to Miami> Housing seems somewhat cheaper , but is not the case they are very expensive homes in Miami, Second you move here, but salaries are a lot lower then Los Angeles, so now you stock with an over price home and lower salaries. Be aware that home insurance is very high in Miami, due to Hurricanes and flooding. Closer to the water more money it will cost you. Now the kicker, in CA the property tax is about 1.25% when in Miami is 4.6%, Be careful with all does people that tell you is 2.4% as an example I own a house in Miami that is worth 725K my property tax is around 14K a year, my taxes are relatively much lower in LA, been that my house in LA cost 5 times more. Crash or no Crash, Price correction or not, be aware is coming sooner then you think.
    2
  47937.  @MichaelBordenaro  I have a store that I want to sell on flippa ..... it makes over 50K in a 50 day period and over 18K in profit .... I don't know how to use FLIPPA to sell it. Can you help me and i will pay you to do that.
    2
  47938. Prices will go completely bonkers if rates drop by even .01%. Ok maybe that's a bit of a stretch but prices will rise at or near the same pace of rates dropping.
    2
  47939. STIMULUS...Just print the money and mail out da checks. Come on Michael...people are hurting out there. Jeez, have a little compassion. I'm thinking 10-20 trillion outta do it. And stop with the buying votes crap, the democrats are pure as the wind driven snow, salt of the earth, one and all!
    2
  47940. Well, I live in northern Indiana and that is happening here too. I'm planning on moving to Florida or Texas, same thing there.
    2
  47941. If people would just learn math and apply it to almost everything in life, especially finances, they would do so much better. Only in the last 15 years have i been doing that and have improved my life by leaps and bounds. Throw in frugality and simplicity and you should never have any issues.
    2
  47942. Could you please do another update? Thanks!
    2
  47943. Everyones mantra should be "Banks create money from thin air and I'm screwed until the FED is ended."
    2
  47944. Okay, it’s 1/17. When will this ride begin?😮 Michael you’re in a tank top? In Sebastian we needed jackets and hoodies!🤣 How about retired people on a fixed income who enormously for healthcare? The ones who get medicaid who shouldn’t. Pandemic is over!……EV’S not the wave of the future. You should get a Telsa for the channel. 25.00 grocery increase with a 30% shrinkflation!
    2
  47945. I’m not seeing many price cuts in se Florida. Specifically Palm beach county. I don’t think it will happen there. Too much of a desired area and the people that go there have money and could care less about interest rates
    2
  47946. Michael , you have to understand who control the Fed. Wallstreet
    2
  47947. mortgage almost 7%, maybe patience will pay off this time.
    2
  47948. I think your last point is a bit off point. Many people who move to Florida know what to expect in their living environment and is often a big reason for moving there. I like fishing, diving, boating, and year around warm weather. I don't need mountains or a desert. If you're brave enough you can even jet ski to the Bahamas with a group of people.
    2
  47949. Good job on your report
    2
  47950. Insurance companies are scammers, but we all need these scammers. They only want to take money and don't want to pay out in case of disasters. Whenever I hear insurance companies go bankruptcy, I'll celebrate. You know, their CEO want extra bonus + commission packages.
    2
  47951. Great video again. Love the view and appreciate the honest insight. Seems you consider many aspects when doing your research. Thanks Mike!
    2
  47952. Great video needed this so bad
    2
  47953.  @MichaelBordenaro  😊👍
    2
  47954. we need natural gas pipelines
    2
  47955. I don’t understand why if property value goes down why does property tax go up?? 🤔
    2
  47956.  @MichaelBordenaro  ah I see, thanks for your time. Still, I like FL. One of my fav places.
    2
  47957. Home buying shouldn't be stressful. I had a great agent, and I was willing to walk away and look for the next if I didn't like what I saw. That made all the difference.
    2
  47958. The truth is in school never teach our children how to manage the right way money or anything else pertaining to savings like saving 10% from income from gross.
    2
  47959. 9:49 yeah. That grocery part is a big fat no! 😂
    2
  47960. I like your videos, you give us a lot of insight which is very helpful. Do you have information on the 55 and over communities like minto and dell web?
    2
  47961. Sold my townhouse in BC early Mar 2022. I was racing to market to get out b4 the goverment raised rates. 4 months later and 3 interest increases, listings up 300%, prices down 5+%, but no one is buying. Friends and family uncomfortable I bailed out the way I did because I did not buy back in.
    2
  47962. Foreign investment is a direct result of current account deficits
    2
  47963. Happy Birthday Michael
    2
  47964. Anybody looking for a house take my advice wait until March 2023 you are guaranteed to get 25% off the current price
    2
  47965. Go with that, real estate agents quitting. Here in Australia we have multiple professionals like valuers/apprasers are quitting due to the unaffordable ongoing professional fees. Unless you're employed, the fees are ridiculous.
    2
  47966. Bought a Ferrari in 2014 for 100k with monthly payment of $1100. Now cheapest same car is $200k. Dumb move in 2014 but good move today.
    2
  47967. Patience is a virtue! I'm monitoring the housing market in Naples, Florida. When the prices fall for what I'm buying beachfronts in Central America. I'll buy!
    2
  47968. Companies are doomed, especially small ones. Future is memberships. Membership at Mcdonalds for $40 a month gets you 5 value meals. Air conditioners are going that route too. Too expensive for average person to replace the crap every 10 years due to EPA and climate warrior bs. So they will own your system forever. Remember you will own nothing and be happy they say.
    2
  47969. I look forward to having portable energy that will power our personal transportation, homes and businesses. Once we get this we are 100% out of the matrix. With portable energy you can live any where you want provided your resourceful and determined. It's coming.
    2
  47970. I am thinking the hurricane hit areas get massive bailout from FEMA allowing folks to stay and rebuild which goes on the national debt....
    2
  47971. Double trouble.
    2
  47972. People aren't lazy, they're are just whiney
    2
  47973. 🫡 🤝 Hey Michael congrats on the YouTube 100k subscriber award. Really enjoyed this 💯k edition upload.
    2
  47974. 1.8 million... Lol 😂
    2
  47975. Gas is a necessity also. How do you think food gets to the store....ummmm trucks that use diesel and gas?
    2
  47976. Content with value. 👍🏿
    2
  47977.  @MichaelBordenaro  that video was great! You rock man 😁
    2
  47978. By far, this is the video I like the most. Because of your channel, I made a decision finally to move to Miami, Sunny Isles to be exact from Columbus, Ohio. Thanks Michael for amazing content and hopefully I can meet you one day in Miami area to shake your hand! Keep up good work!
    2
  47979. Know anything about ADP and the bank they work with?
    2
  47980. Thank you for you’re video I’m looking for central Florida a fixer uppers Trying to relocate with family any advice would be appreciate or can you do a video thank you
    2
  47981.  @MichaelBordenaro  where do I start and have you ever considered a video on central Florida I’m working with 70,000 it’s hard finding in that price range thanks for responding
    2
  47982. Thank you
    2
  47983. I think you just said Freddie Mae & Fannie Mac! You probably meant Meddie Frae & Maddie Frac. There, FIFY.
    2
  47984. “American Dream” is literally dead for more than 50% of Americans, why? Because Hedge Funds want to buy ENTIRE neighborhoods and want to make the USA a modern feudal society, with a permanent rental class. Americans will continue to leave for other countries where affordable living exists.
    2
  47985. Don’t forget the wealthy are fleeing South America
    2
  47986. You won't be able to keep your prices the same for long when the prices for all your over head goes up. Unsustainable.
    2
  47987. Aurellios pizza from Chicago has a restaurant in Naples, Florida. I saw online that Aurellios pizza os shutting down on September 15 at the coastland mall
    2
  47988. We could solve the problem tomorrow by cutting military spending in half!
    2
  47989. What do you think about the market in West Palm Beach? We’re about to sell a historic home downtown area and hope to do well 🤙🏻
    2
  47990.  @MichaelBordenaro  No doubt, but when you are 30 trillion in debt and not including derivative debt which is over one quadrillion dollars, the gross National product of 23 trillion just won’t cover it. Especially when the outgo is 105% of GDP. I think desperate does not even describe the measures they will have to take. Let’s hope they are not willing to go to war to maintain the reserve currency status. Typically you go quietly or you go to war. More and more I think if you want to keep the value in your assets, real estate, etc. you better back it up in gold.
    2
  47991. MB, I fondly recall “The Rusty Pelican” restaurant on Key Biscayne in-the-day. Did u ever eat there?
    2
  47992. Hey, do you live in some kind of zombie apocalipse city? Where are all the people?????
    2
  47993. Get back to office -- help the economy -- if not suffer the demise -- it will come.
    2
  47994. Rents are not dropping in Florida. Don’t know how people afford the prices and how rental complexes are passing people to rent because the ratio on most incomes has to be 3x your monthly income.
    2
  47995. We are allready at the start of a hyperdeflation i think look at oil prices dumping despite major wars around the world. At some point prices will come crashing down the question is what will the fed do, they might try to print another 34trillion dollars and give it to their friends on wallstreet to let it trickle down to the plebs.
    2
  47996. The recession is just continuation of the 2008 or maybe even before that. This economic crisis has been in the making for years. Artificially keeping the economy alive by helicopter money. Things will continue to get worse and eventually a transition into a great depression. US export/import relies 70% on maritime shipping. If China and Russia succeed in the land grab of Ukraine they'll establish a direct shipping railway to Europe. Therefore cutting the cost significantly and distance by 2/3 of current shipping routes. Over the last decade or so the biggest importer of US goods has been Europe. The shift in economic ties and direct land based exchange of goods and services between Europe and Asia would be a massive nail in the coffin for the US economy. That is why we're seeing such military support for Ukraine. The US has already spent more money on Ukraine than it did in Afghanistan over the span of 20 years. Take into account the debt, lack of manufacturing, inflated real estate bubble, lack of healthcare for over 30 million citizens, unaffordable educational system, inflation, minimal savings among average citizens, etc and you have all the ingredients for a catastrophe. The only powerful thing that the US has is the military. But then again China has the technology and military might as well. These of course are opinions and none of us have insight to what the future holds. A good principle to any geopolitical questions...follow the money and you'll find your answers.
    2
  47997. Stick with Bitcoin.
    2
  47998. Great walk and talk again. Smart data thanks.
    2
  47999. 5%??? GTFOH 🤣
    2
  48000. I live in Miami and South Florida rent is going high like crazy
    2
  48001. the crash will come from these institution owners.
    2
  48002. Manufactured Homes are not "real property". I would steer clear. Corporations just want to make a buck off the American people.
    2
  48003.  @MichaelBordenaro  my hobby is get knowledge and give interesting facts to my friends
    2
  48004.  @MichaelBordenaro  thanks can you give you r Instagram id please
    2
  48005.  @MichaelBordenaro  I would enjoy that because some of the buildings and areas are so beautiful that you want to look at them a little longer.
    2
  48006. There trying to get on the train out of town but the train isn't leaving the Station folks 😒
    2
  48007. This is alarming- I bet it’s more expensive to live in one of these in Florida due to the hurricanes
    2
  48008. Switchin it up … good man
    2
  48009. I live in a neighborhood that is deed restricted for occupancy by local employees only. I rent rooms but my tenants have to work 30 hours a week in the local economy and for a minimum of 8 months. So no tourist short term allowed. This is the local law. It works well.
    2
  48010. I really enjoy your videos, u speak the truth, I watch um and try to learn, tks
    2
  48011. Thanks!
    2
  48012. I honestly do not believe these institutional investors will run out of money. They own the money supply; so they can keep going for a very long time. But if that ever happens, it would be the best outcome for the regular home buyers for sure. And good riddance!
    2
  48013. Scam to steal all the mortgaged propertys cheap and association ruled ones also...buy one????..own one?
    2
  48014. thats a good advice for who just graduated
    2
  48015. Michael I watched this video and I have to ask : how are the condos going to pass this when the majority of their residents won’t be able to pay? Additionally, will this apply to townhomes?
    2
  48016. Our government is paying One Trillion dollars in Interest per year!!!
    2
  48017. Comcast just sent an email 5 days ago: "An update to Xfinity Mobile's payment terms We're writing to let you know about an update to our payment terms. Effective January 1, 2023, we will begin charging a $5.00 late fee if your Xfinity Mobile bill is not paid on time. The fee will appear on billing statements starting February 2023, if applicable. This late payment fee will be applied if payment fails on your automatic payment date and the failed payment isn't resolved by the end of the next billing cycle. This fee will be applied for each month that a bill payment is late."
    2
  48018. Hold up Flannel in Florida it must be cold 🥶 lol love it!
    2
  48019. What are taxes in FL? The taxes in Northern IL are probably worse lol....450k house where I live is around 18k per year on average...its just awful up here.
    2
  48020. I think your program is good but remember the landlord was totally SCREWED OVER for years as the “greedy” one and some lost tons of money … therefore some have e to make up the difference in money they lost WHILE MAINTAINING THE PROPERTY……There is a shortage and people will pay high prices in some upper class neighborhoods.. to call landlords greedy after they were screwed for years is a bit much … most are good people and believe me mom and pop owners are WAY BETTER then corporate owners or the Govt ..amazing how people STILL call landlords “greedy”…the majority are not …I for one have two small properties and keep rents LOW…. I have great tenants and they wanna stay ..
    2
  48021. Elon Musk Plans to Lay Off Nearly 75% of Twitter Employees, or 5,500 Staffers (Report)
    2
  48022. yes to predatory lending video. like to see it.
    2
  48023.  @MichaelBordenaro  I appreciate your response.
    2
  48024. Housing is so cheap. In Hawaii the median price for a house is close to a million.
    2
  48025. Plus the homes repaired or replaced will have to meet the new building codes..double..tripling..the costs..
    2
  48026. It seems people are evacuating Windermere FL! I thought that was supposed to be a nice area but maybe the crime in Orlando has taken a toll?
    2
  48027. If there is a good thing with this market is that everyone has time to reflect. We are swinging on deals at the moment, the accountant is slow, the attorney is slow, the real estate agent is slow, the vendors are slow. So...I'm slow. No need to hussle. Saw a great fence on your video today, 6:56. I think I'll use this technique to dress some suburban wooden fences that need updating and not replace them.
    2
  48028. HAPPY BIRTHDAY, MICHAEL!! 🎉🎉🥳🥳
    2
  48029. I am 64 years old I lived in California 57 years and despite the political shenanigans California is cool as f*** and I love it here only other place I would live is big island in Hawaii 🌺
    2
  48030. Love your videos
    2
  48031. In NY they passed the law that should end private bad and breakfast where every condo owner can run his condo as a private hotel. The minimum stay has been increased to 30 days vs. hotel like one night stay. Thousands of Bed&Breakfast are not registered and will continue to operate unless there is some kind of enforcement that will prevent them from doing it. B&B was a lucrative back up to many condo properties. W/o it many owners will foreclose.
    2
  48032. 👍👍👍👍👍
    2
  48033.  @MichaelBordenaro  There's no question it's beautiful place! I'm starting to look at pricing and reservations for my next trip. I'm definitely heading back to the Keys. I'd like to spend a few days in Destin, one of the other gulf spots or Fort Lauderdale. In Fort Lauderdale, I can check out North Beach! The gulf side has beautiful beaches and crystal clear fresh water springs with Manatees too. It's going to be a tuff decision. Especially after seeing this video!
    2
  48034. 👍🏻
    2
  48035. Rob Youngquist or i can just go outside & pick them up! The only problem i have ever had is that they gave my package to my neighbor.. I’ve been here 23 years... but - that good to know.....thnx for the info!
    2
  48036. House
    2
  48037. Texas avg rent is 1850, or at least it was. Probably higher now.
    2
  48038. Thanks!❤
    2
  48039. You might start looking into Home builders abandoning communities
    2
  48040. Happy Birthday, Michael!!!🎉
    2
  48041. You will rent forever from the bank and be happy.
    2
  48042. I see foreign buyers all the time. Florida is a targeted area for them
    2
  48043. Work smart not hard
    2
  48044. IMF= International Mafia ?
    2
  48045. My bet is that Uncle Joe will let low rate mortgages become assumeable. This will drive inflation through the roof. This will keep SMOKE SHOW going. ….. until the real crash
    2
  48046. Another GREAT Video, Michael. Unfortunately MANY People cannot understand what you are talking about. They Live in a Fantasy Land created by MSM and the Government. You might have to start REALLY Dumbing Information Down to educate the Masses. Spell It Out as Simple as Possible.
    2
  48047. I think its funny you have to explain your format explicitly lol
    2
  48048. I watched the big short for the first time (free here onyt) so I know the ending! amazing how many things parallel.
    2
  48049. What's your view of the housing market in Sh1tcag0?
    2
  48050. People who have more to lose are the ones who played it too safe and never looked forward.. Would you have rather lived in South Beach in 1991, or today 2021. If you answered 2021, then you have no idea what you missed. You're missing the best of other places, it's still 1991 there, but it wont be when you move there :)
    2
  48051.  @MichaelBordenaro  What are your three favorite cities? Perhaps you have a video on this?
    2
  48052. I think interest rates will fall in the summer of 2024
    2
  48053. A lot of HELOC's are also...... adjustable rate lol. Whoops! If you have some real solid home equity maybe its worth paying off some high interest rate credit cards... but most people will just rack up the credit cards again.
    2
  48054. You should’ve turned your camera when the guy was slitting a vein about his millions of dollars loss. I believe you but I’m sure it was priceless
    2
  48055. That it's bottomed... omg XD
    2
  48056. Glad you're OK after you tripped on the utility cover !....Thank you for another informative video, Michael.
    2
  48057. What's going on with the apartment rental gouging situation now? Have the institutional 'INVESTORS' tapered down their gouging just a tad bit yet?
    2
  48058. I like your channel but you missed the mark on this one my friend. People are leaving CA in droves. There is literally no middle class. None. The sate is horribly run. It's criminal. Yikes.
    2
  48059. In 1985, I bought, actually built, a custom 5 BR 3BA 3200sf 4 car garage on an acre of land about 3 miles from Great Adventure in Jackson NJ for $85K and I was so happy my mortgage interest was 10%! Because! My coworker bought a townhome a year before at 22% interest! Everything is relative or not, depending on the truth or illusion of control.
    2
  48060. Low interest rates are what fueled our fake economy for 20 years. I guess that Americans expect to borrow near free money. I believe that higher rates will even out our nation and make things better in the long run
    2
  48061. This new rules for eviction is another third world country rules , I am from Brazil and over there to take out a renter you need 5 lawyers
    2
  48062. I'm selling my house at a high price...But I need a new home and it will be at a high price also. I can't win! 😆
    2
  48063. Awesome videos !!! thank you !!!
    2
  48064. Some are concerned about the recession. I have seen sellers here in Atlanta remove their homes from the market.
    2
  48065. we got a good 3rd qtr report
    2
  48066. Unfortunately, if your broke then you shouldn’t be watching youtube. Get to work and stop being poor
    2
  48067. Can't see laying cash around. What happens if robbed, fire, natural disasters etc. ?Its safe in a secure place. Better just use restraints and rewards toward paying and saving.
    2
  48068. Michael I get a lot of information on Trulia. Good video!
    2
  48069. Who does a paper info box in 2022?
    2
  48070.  @MichaelBordenaro  Lol. Where do you find sellers like these? I need to find them. I'd absolutely blow their minds with a dot signal rider and win that listing!
    2
  48071. 7/17/21...Kind of reminds me of Savannah....peaceful
    2
  48072. Video is sharper. New camera Michael?
    2
  48073. check out the water pipeline draining northern california and sending it all to southern california some time.
    2
  48074. Only a crash will bring back the American dream
    2
  48075. Before the video started I was saying to myself "Man, this guy does a lot of videos" and he starts the video and says "I make a lot of videos." Lol. I'm very perceptive. Anyway, nice video...👍
    2
  48076.  @MichaelBordenaro  What are your thoughts on hallandale beach area?
    2
  48077. company I work for is collapsing due to floating interest rates on its debts
    2
  48078. proposed solution...hydrogen. Toyota has already created hydrogen combustion engines. They recently fixed fill up time to under 2 minutes. It wouldn't be, crazy, hard for existing gasoline stations to convert. I don't understand why the push is for electrical is a thing. Hydrogen is a way better option. Its someones agenda somewhere.
    2
  48079. Congrats on the 3 year anniversary Michael. I wasn't there at the beginning but you can count on me being there til the end. 🙂
    2
  48080. Love your style of video I like to watch when I’m going to bed and the ambient noise is nice lmao
    2
  48081. If you have a agent that know what you can afford and break down the costs and tells not to be in a hurry, will find your house. Then he does his work to make it happen.
    2
  48082. Undocumented: Hi professor of common sense. I heard on WABC that people are in debt up the wahzoo . I want to verify that. Let you know how accurate that is to the best I can. You and I have talked about consumer debt. Even if you turn out wrong or if I do neither one of us are stupid.
    2
  48083. 5:20 "The rent is too damn high! Hehe"
    2
  48084. A lot of hotels and condos only wash their blankets and comforters once a month or once a year. They will change sheets and pillowcases but if there are no visible stains they will reuse the blankets and comforters over and over between washing. We bring in our own sheets and pillowcases and fold up the hotels linen’s and set them in a chair. Never trust dark blankets and comforters. Always stay at a Airbnb when possible. They are rated by their guest. Some hotels are always overbooked and will cut corners. Better safe than sorry.👍
    2
  48085. I second that!
    2
  48086. Congrats Michael! Love your channel and info.
    2
  48087. Yeah Michael I'd like to see a video on that
    2
  48088. Hope you are okay! Miami looks like a dangerous place to live 🤣
    2
  48089. great video
    2
  48090. Great video today Bro. I am a dedicated viewer. I'm happy to read so many positive reactions from your viewers. You are a breath of fresh air in a world where the hard honest truth is hard to find. Thanks Michael. Grandpa Jeff from Galt Ca.
    2
  48091. 0:40 i’m sure part of the reason they can’t sell it is because it’s a hideous remodel! Way too modern…trying to force a classic bungalow to be something it isn’t.
    2
  48092. this house was a cog in a money laundering machine...? but hey! i like clean money!
    2
  48093. Can't wait to see you visit Tallahassee because I'll be moving there in August for grad school. I'm a big history buff and can't wait to check out all of the museums.
    2
  48094. michael chose violence today lol
    2
  48095. Hi from Australia have a Great New Year
    2
  48096. I’m curious if that is the way it is in some other countries… Just how much it is per month. Do you know any other countries that work like that?
    2
  48097. bad hair day e,especially in the middle of July or August ,it is so humid.FLoridians keep an array of caps and hats handy.I am going to the 7-11:cap .The gel and hair products ,just drip all over one's forehead .
    2
  48098.  @MichaelBordenaro  THIS IS AWESOME, Lol.
    2
  48099. I am trying to figure out what the people that have those “boats” do for a living?
    2
  48100.  @MichaelBordenaro  You’re welcome! I’m glad to hear that you both are enjoying this adventure. And thank you for that. Positive vibes always!😀
    2
  48101. Thank you for the informative video! Congratulations on the three years channel anniversary !
    2
  48102. That stone cage rock wall is interesting looking
    2
  48103. I thought whole point of central bank is keep us from collapsing. Now their job is to announce it.
    2
  48104. I heard about the couple in St. Pete.. they are documenting their renovation on tiktok
    2
  48105. Me too and I live I. New York
    2
  48106. "Death, taxes, and insurance hikes..."
    2
  48107. Love it! Headed up there on the 17th! ❤🥶😆
    2
  48108. You need a cheetah print fedora to go with that pimp walk😂😂😂😂😂😂😂
    2
  48109. Def a great point going to college feels like scam
    2
  48110. You always put out a lot of good information. I enjoy your channel
    2
  48111. Is that an Amazon warehouse they're building in the neighborhood?
    2
  48112. I have a place outside of Medellin Colombia, and the prices of rentals and real estate in general there have skyrocketed because of the digital nomads coming in and willing to pay whatever price because no matter what the price was, its cheaper than NYC or LA or whatever big city they came from. Really screwed the locals!
    2
  48113. Does the new fully fund law pertain to condos below 3 stories.
    2
  48114. Congrats with the channel!
    2
  48115. Hi from Australia Loving Your products Harley Davidson and eastwing hammer. Good stuff.
    2
  48116. As always great information. Thank you.
    2
  48117. Leasing is continuing to look better and better on new vehicles. On my 3rd lease. It’s been a no brainer for us averaging no more than 15k miles a year
    2
  48118. If anybody hands me a signing bonus and wants it back two years later that's an easy answer: Eff off. Come get me in court, but I'm not just gonna hand that back. (Besides, that money's already been put into my $1.3MM two bedroom bungalow with a 8% mortgage.) You hired me to do a job, that's it, I'm not an equity owner in the company. It's not stock options with vesting, it's not a performance bonus based on hitting certain "gates". It's a SIGNING bonus. Once I signed, I met the threshold of being eligible for it. Unless you think I did that job illegally or unethically or committed some serious breach of company policy, that money is mine and I'm keeping it.
    2
  48119. Great video. Major problem and thank you for addressing it. I don’t know the answer either.
    2
  48120. Happy Birthday Lizzy! You nailed it on this video Michael. Pure factual information laid out in a very understandable way. Great video.
    2
  48121. Very helpful, thank you.
    2
  48122. These look like some amazing deals.. im in California and really starting to think Florida is for me. Im ready to retire very early due to a disability. As a diehard fisherman I keep learning towards Florida. Thank you for your input.
    2
  48123.  @MichaelBordenaro  I will be contacting you very soon. Im in a odd situation here and won't be able to leave for a few months.
    2
  48124. I don’t know if you are speaking the truth that I want to hear or everyone else is blind. Your videos give me hope and calm my fomo mentality down!
    2
  48125. How much has the US given to Ukraine? These announcements will bring the total U.S. military assistance for Ukraine to approximately $15.2 billion since the beginning of this Administration. The United States is providing security assistance alongside our allies and partners from more than 50 countries to support Ukraine's defense.
    2
  48126. One day this might be considered historical footage in 20 years or more
    2
  48127. Cash for clunkers would maybe help ?
    2
  48128. Thanks!
    2
  48129. Was in miami beach a few weeks ago. It was great. As usual.
    2
  48130. Going to bed when I wake up and see the money I'll know we have a deal if not we don't .
    2
  48131. Beautiful location. Super break aways. The object lesson from the viewer is likely to happen to a lot of people who bought in in the last two years.
    2
  48132. 🤣😆😂😆
    2
  48133. Hi Lizzie. What a beautiful couple.
    2
  48134. Happy 4th🇺🇲
    2
  48135. I’ve always been terrified of high rise buildings and worked in one on the 25th floor for a week and couldn’t take it. I couldn’t walk by a window without feeling extremely sick and anxious. I dreaded it and living in Southern California earthquakes happen once in awhile so that fear of one hitting whole I was up there terrified me.
    2
  48136.  @MichaelBordenaro  Thank you for this information you are a good man
    2
  48137. You got it!😊
    2
  48138. Perfectly explained
    2
  48139. I was looking as far as West Lake Worth or Greenacres.. nothing nice for less the $300,000! Jeez! Maybe 10 years ago!
    2
  48140. 7 is a lucky number, ,
    2
  48141. Why do you like the Yorker? In my opinion it dosen't look good next to that.....😮😮😮👍👍👍👍👍👍 congratulations very happy for you......blessings
    2
  48142. Ummmmm....in season, the traffic is horrendous, trust me. Lived there for twenty years. Last six years were awful.
    2
  48143. i want deflation with car insurance
    2
  48144. Really enjoy your content. thank you for the realistic view! Hope this helps people wake up.
    2
  48145. How soon we forget. FLORIDA IN 2008 downturn was brutal for all involved
    2
  48146. Lizzy has petted nearly every pup she has passed. Looks like she wants a pet.
    2
  48147. Our home ins in South Carolina on an 1600 sq ft home is $1100 taxes $700
    2
  48148. So happy to hear from you
    2
  48149. Awesome, hello Nick!
    2
  48150. I live in rural IL- NOT Chicago. My new tax bill on my 3,000 sq ft home increased to $2600 this year.
    2
  48151. Haha famous
    2
  48152. Awesome video, sound advice. Nice job Michael.
    2
  48153. That is awful I feel so bad for that family
    2
  48154. How was your process on becoming real estate agent? Did you get hired first or your license first? I have a company where I'm from offering to take you in then help you obtain your license.
    2
  48155.  @MichaelBordenaro  thats great man thank you for the quick reply!
    2
  48156. Great video Michael, always look forward to your new content, as far as a recession I feel we may have a mild one. Remember the fed is trying to do a balancing act and their 2 mandates are maximum employment and about a 2% inflation rate. But they are going to have to give in on the employment side for awile, better to have 5% unemployment than 8% inflation that affects a lot more people. You mention raising interest rates faster and steeper but look back to the 80's and Volcker and see why that is not the right way to go. Can they have a so called soft landing ,not sure but were all along for the ride,
    2
  48157. Would be really interested in the pros and cons with any predictions 🤔 especially with the rising cost of living. I think think this is just the beginning with things to come. We are seeing this now not but in a few years to come what will it look like.. 🤔
    2
  48158. Everything is going to be fine. All these jobs advertised are minimum pay jobs. After taxes not enough to buy fuel to commute. Truckers offered lower rates than costs. CPI is 8% but my living expenses up 60%. yoy. Sold my high end house in IL at $156/sqft but in AZ $hit houses are $250++++/sqft. Everything is going to be fine
    2
  48159.  @MichaelBordenaro  if you look at wikipedia oldest living people only a hand full are alive that were adults during the depression that actually experienced it. so most look at it like its a myth scenario . we have a few things playing in its favor a 100 yr pandemic its been 93 years since the last one and unlike 1970s inflation wages are lower this time around we got war and shortages you tell me
    2
  48160. Haha.. first time I've ever seen you sweat.. I always wondered how does he walk around in that Florida heat?? I'm in Vegas, have a ton of equity in my home.. but sitting tight. I found you bc I was thinking of moving to FL. Originally from the NE.. thinking about coming back.. SE.. really miss the beach lifestyle and coming close to retirement. Will see how the market goes... thanks for your insight.
    2
  48161. You guys are both great and love the walks outside!
    2
  48162. Merry Christmas Eve Michael 🎄🎁⛄
    2
  48163. michael, 120k for a doctor? try half a mil for a lot of them lol
    2
  48164. Hi James. That’s my dad’s name.
    2
  48165. The 3rd house sold in 2011 for 750K!!! Listing at 3.2M.. omg talk about greedy! So something i think about often.. i know quite a few people who quit there jobs that required a degree like a teacher position to become a realtor right before the peak !
    2
  48166. What about Hawaii? They have perfect weather year round, low taxes and although it’s democrat its not as draconian as California.
    2
  48167.  @MichaelBordenaro  I think no freedom in a c
    2
  48168. 👍 on the boat house tour idea
    2
  48169. Generally when interest rates drop it's because the economy is contracting and well.....your home value is cratering in that environment so good luck having enough equity.
    2
  48170. Go to Florida for vacation in the winter time.
    2
  48171.  @MichaelBordenaro  I visited Florida many times, mainly during the winter holidays, sometimes also in the summer. The hot weather never bothered me. When I moved down to Florida I believed that I knew what to expect. Unfortunately, I was wrong. I was sweating profoundly, I could not stand the heat and the burning sun. I became sun sensitive and allergic to mold at the house where I was staying. Mold is a common problem in Florida, because of high humidity. The medical laser light helps to reduce mold in the HVAC air handler section, but it does not eliminate it completely. One you get mold in the house you may as well move out to a new house if you become allergic to mold.
    2
  48172. GiveBackCar 2023 GiveBackDegree Early 2024 GiveBackHouse Mid 2024
    2
  48173. Michael thanks for the beautiful guided doom tours - haha
    2
  48174. FRIDAY GREETINGS MICHAEL. 😃👍🌴
    2
  48175. Love both u dudes. Btw born/raised Floridan WHAT
    2
  48176. Check out the numbers for Alameda county, CA near all the tech layoffs…. Don’t need foreclosures for a quick crash!
    2
  48177. What's it bitcoin ? How do you sell it ?
    2
  48178. Here in CA we have the “California Fair Plan”. Rebecca Chambliss has a great TT on this and where I got the info. Created in the 1960s because of fires and riots the California Fair Plan is a last resort insurance. You have to have been rejected by other traditional insurance companies before applying. Of course the cost is up to 4 times higher than a traditional plan. In California we also have options to get flood insurance (at least we did in 2017) and earthquake insurance.
    2
  48179.  @MichaelBordenaro  There is just so much to see and do throughout the entire state of Florida! I hope you have a wonderful trip! With everyones input here, you may need more than 2 weeks! 😂 If you have any questions about Sarasota vicinity prior to your visit, let me know. I would be happy to help. Look forward to your videos. Blessings! 🙏🏼
    2
  48180. With personal debt high, interest rates climbing and inflation impacting budgets, many will lack the savings for down payments and credit scores for affordable loans.
    2
  48181. Every time you tell Americans "you can't do that", they find an end run. Got laddered CD's do not have 410K of any sort. Everything is a swindle if the government is involved. I never trusted any of that smoke and mirrors act.
    2
  48182. My Home insurance went up $900 a year and I now pay $4200. My car insurance went up $300 a year. And my boat insurance went up $200 a year. No claims. I live in Florida. 🤷🏻‍♂️
    2
  48183. You're Welcome !
    2
  48184. How is the Tampa bay area? Is rent going down in the areas around Tampa bay?
    2
  48185. i wouldn’t do a cash out refinance at all now, even if you plan on staying in the same home. They’ll try and lock you into an adjustable rate to nickel and dime ya.
    2
  48186. Demographics are going to play a bigger part than given credit for, the boomers are going away we bought most of everything so good luck
    2
  48187. In Idaho(east California) where I live house values have tripled. DOesn't help me(social security). SO state politicians say they want to do away with tax levies and go to an 11% state sales tax(which will probably end at 12%) I've been told this by state legislators. THey say they can do away with property taxes altogether. Who are they trying to kid, they will never get rid of property taxes!!!!!!!
    2
  48188. Really good advice brother. Thanks for sharing and being so positive. 🌴😎
    2
  48189. Would definitely like some insight on where to move in Florida. I'm currently in PSL so I'm looking for something a little bit more affordable, laid-back vibes, where I can chill and surf. I thought PCB or Pensacola would be it but I'm seeing everywhere they're both very touristy which is the opposite of what I'm looking for. Please let me know of some places in Florida that fit the vibe I'm looking for.
    2
  48190. This is what I don’t like about new condo law in Florida. I don’t think the burden of full reserves should fall on the owners. The board membership, both past and present, should be required to cover at least half of special assessments. Should have never allowed HOAs to not have reserves in the first place. Obviously, board is going to pocket money not set aside in reserve. Why wouldn’t they?
    2
  48191. “Stupid mask” lol my thoughts exactly
    2
  48192. Your skepticism is compelling. Fed says banks are sound ... I don't believe the fed. 😮
    2
  48193. Mike the foreclosure I bought in Naples I had access to it as many times as necessary to do an inspection. I did not hire a professional inspector. I talked to the neighbors, and I inspected it for Chinese drywall, water damage, etc. The previous owners did strip the place of ceiling fans, which is no big thing. The shower pan was installed incorrectly so I replaced the shower. All things considered for the price I paid it was well worth it. The place was only five years old when I purchased it. As you know they put in the cheapest appliance in these condo's so we replaced a couple of them.
    2
  48194. Thank you for your perspective on this topic. You are right, the only thing to do with this market is to buy a home if needed and stay a good ten years. Anything else is too risky. I was thinking the same thing but I am in healthcare so it's good to get someone who knows the market to confirm this. Love your channel & your low key manner. :-)
    2
  48195. Big Real Estate must die. A nation does not become richer by buying and selling of homes. Real wealth occurs only through farming,mining,manufacturing,etc.
    2
  48196. Happy birthday!
    2
  48197. Black rock buying up mass amounts of real estate for 3x the price. Everyone raises the price of their homes to the point where nobody can afford to buy and then wait for a big corp to make an offer. No humanity in this business
    2
  48198. I live in iowa homeowners was 800 went up to 1900
    2
  48199. GREAT VIDEO
    2
  48200.  @MichaelBordenaro  i usually don’t think to like a video unless the youtube asks and i genuinely like the youtube and video. i’m liking because this comment reminded me haha
    2
  48201. Love the shirt!! 🎉
    2
  48202. Just wait...when budgets get completely drained, people are gonna once again, stop making mortgage payments, save cash, tear copper out of the walls, etc, knowing it's going to take forever for the bank to physically, and legally, depending on the state, etc, to remove from what's left of the home. It's nothing new. It will happen again, and again, and again...
    2
  48203. That "drop" is only adjustment hype, real drop is when prices half._
    2
  48204. Would like to see coverage of tiny homes with recommendations for manufacturers, HOA/POA Karens, problems vs good comments from owners
    2
  48205. Florida will be just fine. Will things slow down, yes. However, it’s such a beautiful state and the demand will return in due time. With the problem condo buildings which have severe construction flaws, take the buyout price and get the h… out of there. Developers will come in , tear the old buildings down and rebuild with new condos that are safe.
    2
  48206.  @MichaelBordenaro  Our friend in Sanford FL...said something about not being able to get metal roofs...has to be a specific type of shingle and by an approved contractor...so I would like to know about his too...
    2
  48207. I bought 2 cell phones from Amazon and they only gave me a 30 day warranty lol the phone ended up being completely defective, both of them. They gave my bf a new phone because it has problems the first month. However I didn't have problems until 3 months in. The seller won't respond to me and Samsung doesn't know what to do lmao. Spent almost 1k on the phones.
    2
  48208. I had fun seeing NSB because my cousin lives here, loves it, and is always saying l should move here…l have visited a couple of times and l like it.. but I’m more of a Mount Dora person… l did like walking on the beach; that part was fun; l did enjoy the little shops too…nice little town for a visit…
    2
  48209. Hi Michael, This video is AMAZING and it's what's really going on. First, the leaders (?) want people to buy very expensive electric vehicles - because our leaders have huge investments in producing electric vehicles in China. First, they caused most Americans to lose their jobs, most businesses closed down - and people are broke (except for our leaders.) Whatever they tell us - is a LIE!!!!! They cause most of the problems we're dealing with- and their solutions make it worse!!! They caused Inflation - now they want to reduce inflation - HUH???? As for Reverse Mortgages. I took out a Reverse Mortgage 11 years ago. I believe I only paid 1 or 2 points for the origination fee. I thought - WOW!!! This is too good to be true. There a several items listed on ur monthly statement from the lender - and after a few years, I noticed a Fee called MIP. I learned that it's Mortgage Insurance Premium - which the female rep never mentioned to me. Every month, this fee increases by leaps and bounds. It's to protect the lender in case they pay out more on my Mortgage than they could recoup when it's time to sell. My MIP Fee is now almost $500. a month (after 11 years.) The Rep got my Reverse Mortgage at a local bank/mortgage company near my house in Oxnard, CA - this was before we stopped trusting banks. After a couple of years, my loan was sold to another bank in the mid-west ---- then sold again. So - u have no control over who buys ur loan. When I googled the name of this new bank - it got BAD REVIEWS!!!! Surprising not to be able to trust ur leaders and banks???? Another thing --- the Rep says that I still own my house - my name is on the Mortgage. The truth is: When it's time to sell - by the homeowner or the Beneficiary - the Bank has to sign off on the sale. Well - from what I've read - they tell people to mail different documents to them - then they claim to not have received it. They tell u to mail it again, again, again. The house can be purchased by the beneficiary or sold --- but the Bank makes things very difficult - their goal is to steal the house!!! I don't recommend the Reverse Mortgage. And people shouldn't go this alone if they choose to get it. They need a lawyer present.
    2
  48210. The last year in Vegas you would need an agent as a seller to go through the 10 offers you would get the first day on the market.
    2
  48211. slander? Isn't that still a thing?
    2
  48212. Congratulations! Thank you for your hard work! Much success to your future.
    2
  48213. Great video thank you
    2
  48214. Go Home like a Lot of Snow and COLD next week..😁😁😁
    2
  48215. You made a video showing flooding in another building. Are the people in that other building worried about possible cement cancer from all of that flooding in the parking structure? It's just as concerning as the Champlain flooding
    2
  48216.  @MichaelBordenaro  Wow are you still sleeping in your building? I would be so scared until the engineers assessed. And even after they assessed, I would want to read the report myself!
    2
  48217. I might go rent that house if they keep dropping price haha.
    2
  48218. I think real estate is normally a good investment. These are not normal times though. Maybe in 2025 will be the right time.
    2
  48219. My prop tax bill in FL will either be -5% to +2% from last year taking into account the 4% savings for early pay. With a 3% rise in apprasial. I guess I am glad I dont live in Miami? I still think FL at least tries to make it fair, but that does not take into account the locals Although I suspect pretty soon I will see how the "save our homes" bank is used when we crash. That will be interesting. I also like to see who is getting what here based on millage rates. That is at least enlightening. You didnt get that in my last state, just one lump sum. Although I understand your frustration Its not going to matter when we are all out of currency
    2
  48220. The hierarchy doesn't want people to learn about money. The hierarchy is the wealthy class that runs the system and the last thing they desire is competition.
    2
  48221. So, can you get a loan for the land/house?
    2
  48222. Not at all a correct comparison. Omg....This ban is against foreign investor country not "kill all jews and non Arians".
    2
  48223. Omg..such a tragedy..my heart and prayers go out to the victims and families, and you be careful...new scribe...❤🙏🏿😢
    2
  48224. Yikes The solar panels… I have those.
    2
  48225. Tom Ferry and Dave Ramsey will next to each other on their yachts selling their....."uh books, systems....etc. Apparently M.B. didn't sell his soul.
    2
  48226. When the government announces we are in a recession we will be on our way to a depression. FOMO will bankrupt millions of Americans. 😢
    2
  48227. 🌴🌴🌴
    2
  48228. Well done!
    2
  48229. How about condos,Prices in these places
    2
  48230. We have "Texas Tax Protest" here in Texas. I have a protest pending. I heard they aren't budging. The 2022 tax bills post Oct. 1. Last year the property taxes were $2144 and the house was not homesteaded by Open Door. Waiting with baited breath.
    2
  48231.  @MichaelBordenaro  yup. Mainly looking on Jupiter, stuart and hope sound areas. Thanks for the info, great channel.
    2
  48232. That insurance number is short if you want or need flood insurance.
    2
  48233. Not sure whats going on but i made a comment and they said it was against their rules . All i was doing was aggreeing with Elizabeths story ..
    2
  48234. Mike, can we ever have a chat?
    2
  48235. Michael, a condo in my community just sold for $325K When I sold mine, closed in August for $425K
    2
  48236. What is the name of the second apartment complex? I love it!
    2
  48237. I’m the Chicagoland area, taxes are just TOO HIGH!! You can expect to pay 6-12k/year in prop tax. So buying a house at 575k your payment will be HIGh
    2
  48238. Watching from Boston - 14F, very jealous
    2
  48239. Home ownership is supposed to afford you security not found in renting, but it is full of risk. Trying to buy security in the form of insurance is a high recurring expense. Security is starting to feel like a dangling carrot.
    2
  48240. Insurance is a total scam.
    2
  48241. HAPPY FRIDAY MICHAEL SAYLOR 😀👍🌴
    2
  48242. Good for Robin. I love that
    2
  48243. Covered calls and cash secured puts is how you cashflow stocks... very similar to cashflow from rental real estate...
    2
  48244. When I went to Washington Elementary school in the 80's there was no playground. It was the town Jr High school originally so no playground. You got lucky. We had to just run in the field and black top with nothing but balls and jump ropes. The tornado was 1967 and the high school was not damaged much. The gym was used as a morgue for bodies they found that people had to come claim. That was weird to think of as a kid having PE in there. It's Meehan not Mee han. It was named after a teacher at the original Washington school. Said like Me in. My high school class of 96 was the first to go all through Belvidere South Middle School when it was new in the early 90's. Then it was just 7th and 8th and called Belvidere Jr High. My brother's high school class of 93 was the last to go all the way through the old Jr. High next to the community building which was originally Belvidere High School until late 60's and part Washington Elementary in the 50's.
    2
  48245. Is Panama City Ghetto I get the feeling it is!!
    2
  48246.  @MichaelBordenaro  Yea I lived in Gulf Breeze for about a year 40 yrs ago just trying too figure out where I want too retire maybe Punta Gorda just studying different places thanks for video's
    2
  48247. Sorry for the long message of a post. I was using speech to text. 1:52
    2
  48248. In spring 2021 I bought a home in FL for $300K that is now appreciated at around $450K. I took money out of my 401K (about $8k) to cover closing costs. Each investment is different. You need to be smart about current individual circumstances and the market conditions. I think a 401K withdrawal is something to consider if you get a good deal on a home and keeps you from forever renting your whole life.
    2
  48249. Congrats on your 3yr YouTubeiversary!! I appreciate your advice & seeing your FL walkabouts.
    2
  48250. We live in St Augustine. Purchased our home in 2010 at the bottom of market. Now we probably could get double what we paid for, but to buy something of equal valve, we’d be spending even more, for the same amenities as our current house If your thinking of living in your with no plans on selling in the future, buy now. If you plan on living in house for upwards of 5 yrs, you’re taking a gamble. The only people who get hurt in a down markets are those people who have to sell
    2
  48251. Thanks for sharing your knowledge about real estate and the economy. I’m not seeing much for sale signs here in Massachusetts yet.
    2
  48252. 👍🏻
    2
  48253. Hey Michael, I think the sunglasses you wear all the time is warping your vision.
    2
  48254. Thanks!
    2
  48255. Hey Mike What city do you recommend as a young chef
    2
  48256. Housing has not been affordable for a long time. It's been grossly overpriced. Home sellers made a killing. So did real estate professionals. Sorry. What has been affordable is buying debt. Clearly, that is no longer the case... and it's about to get worse. The market is correcting itself. It is necessary. The historical data is there. When the dust settles in the next 3-5 years, the market will once again surge. It is the nature of the beast. We are at the very, very beginning of a long and painful cycle. Housing prices will continue to drop, mortgage rates continue to rise, unemployment will begin to tick up, foreclosures will ultimately flood the market. The writing was on the wall two years ago for those willing to read it. And all this is under the very best circumstances... and could get dramatically worse with natural disasters, China invading Taiwan, another pandemics, a railroad strike, mass layoffs, political turmoil, and a host of other negative indicators. There are no silver bullets to fix this. You buckle up for the bumpy ride and stay the course as long as you are able. Put on your big boy pants, Michael.
    2
  48257.  @MichaelBordenaro  It’s all relative. People think dirt cheap but they don’t factor in inflation and the economy at the time.
    2
  48258. today's US avg 7.55% 😳 I look at that too
    2
  48259.  @MichaelBordenaro  yes, I see your point.
    2
  48260. 5:25 down here in south Florida homes jumped up 300-500K
    2
  48261. I would like a Ft. Lauderdale and Miami analysis! Thanks!
    2
  48262. What a cute little town! Thanks for showing it to us :) Hope you both are doing well!
    2
  48263.  @MichaelBordenaro  Yes, thanks for that! Glad to see these fun videos on long days like today! 😁
    2
  48264. Home prices going up. So is your insurance property taxes and so on.
    2
  48265. What neighborhood was that? Looked like a nice older blue-collar or middle-class neighborhood.
    2
  48266. Beautiful area! The causeway area reminded me of Honolulu, Hawaii! I did some recent investing for my son in treasury’s too!
    2
  48267. I really think you will be moving. I know that I love my community, and don’t want to leave, but things are getting confusing and concerning here in PBC, FL. I don’t know who else to listen to if you DO move!
    2
  48268. Just curious as to why you didn't start selling again during the last 2 years?? Would have have been a Great time to jump into the frenzy.
    2
  48269. At 13:22 in the video you made a comment. What levels did they pull to keep the economy afloat as you put it? Interest rates are still near 5%. There was no major legislation passed the last year or two. I wish you went into more detail rather than just making off the cuff remarks. Maybe I'm overlooking something? Sounds to me like you are giving the next administration an excuse to blame if something goes wrong on their watch. The last thing we need is another administration taking no accountability for their actions.
    2
  48270. Lies like the Gov spews!
    2
  48271. This everyone should know!!!!
    2
  48272. Miami to Fort Lauderdale traffic isn't bad. It's bad for you because you live in Miami Beach, the traffic going in and coming out is garbage.
    2
  48273. One degree that is a gold mine. Well, 2... Marine transportation, 3rd officer Or Marine engineering, 3rd engineer.
    2
  48274. Michael please film the implosion of the Condo.
    2
  48275. Don't fall victim to the "Greener Pastures" Syndrome.
    2
  48276.  @MichaelBordenaro  thank you
    2
  48277. Im curious... Do you own your condo and if so what did you pay and what year if you don't mind me asking. If you don't want to disclose no worries
    2
  48278.  @MichaelBordenaro  I grew up in Miami and Rio de Janeiro, I’ve been to the equator regions of Brazil. Take my word, Arizona is hotter .
    2
  48279.  @MichaelBordenaro  they are right, I couldn’t walk the streets of Tucson during mid hours, it can kill you. 👍
    2
  48280.  @MichaelBordenaro  ⛈lol!!! 🤣😂 yeah right! Also don’t let them tell you their dryer 100+ heat is more comfortable 👌
    2
  48281. When you start offering massages let us know :)
    2
  48282. Is this mainly affect high rise?
    2
  48283. someone at the county in bed with the builders probably
    2
  48284. Happy birthday
    2
  48285. These falling rates are only temporary. They will continue to go up soon.
    2
  48286. When the economy collapses and we enter a depression 2.0, prices of everything will come crashing down. This is when the idiots in charge will try to implement a government crypto currency and eliminate paper fiat currency (notice I didn't call it money).
    2
  48287. I don't care about the beach, playing golf or tourist attractions at all. I want to go fishing a few months a year. Any suggestion anyone ?
    2
  48288. Thanks, will do brother @MichaelBordenaro 
    2
  48289. Don't forget all the real estate purchases made with laundered drug money in South Florida.
    2
  48290. Agree with no rushing to explanations about causes. Media should emphasize that until there is a thorough investigation, anything else is speculation.
    2
  48291.  @MichaelBordenaro  Michael, would suggest to watch the video just uploaded in Youtube titled "CBS4's Jim DeFede On Newly-Released Documents On Collapsed Surfside Condo".
    2
  48292. Facinating collectio of news in this one. I, too, read the article about 15% to 20% of contracts failing to close. It's (not) funny how all those articles are afraid to get real, and instead so often end with something like "we can expect a slowing in price appreciation." What a joke. As you say, the next two to five years will be all good for buyers, finally!
    2
  48293. In addition, I wouldn't be financing bank guaranees on anything.
    2
  48294.  @MichaelBordenaro  oh zillow and redfin have a setting for time listed. i recently found out how to exclude 55+ communities i will have to look again.
    2
  48295. lay-away was the best! No interest... They still do it but you have to ask for it! They will not offer it to you! You could not get in debt like that and it taught you to manage your money!
    2
  48296. Michael, that beach walk video was awesome !
    2
  48297. Don’t forget about the “inflation reduction act” hahah😂
    2
  48298. Not to mention Michael it takes 8-10 years to get to the break even point for the environment because of the global carbon footprint it takes to mine the materials needed for these electric cars.People do your research!!You are being lied to again.
    2
  48299. I won't even consider buying anything until 2025. Make a trip to the redwoods. I went 40 years ago and still have fond memories. Shhh I am not old 😅😅❤
    2
  48300. Amen to all points Michael. Spot on again, as usual.
    2
  48301. I thought the baby boomers already have homes? I guess in the process of them downsizing, they are buying the homes that later generations can afford. So who are buying their upsized homes that they got rid of?
    2
  48302. Thank you so much for your valuable video. You help me avoid to enter the deadly problem in the future, when believing in the lender and broker in my metro of CA right now. Have a wonderful day and keep posting us your videos.👍❤️
    2
  48303. With the way the taxing of assets, Capital gains, etc. are done retirees have to have something to supplement income, unless everything is Paid off!! Btw, we have crypto too. And according to our taxes we had gains last year but had to sell alot of it just to pay our tax liability for 2021!!
    2
  48304. Better if u show the new home sales price sold... yoy... these builder do not lower prices because they are kind... they r forced to... lol oh u mentioned it later... new home sales ptice is down more than 8.6% .. 490k to 436k n 436k dies not include buydown cost or concessions
    2
  48305. Everything is fake
    2
  48306. I was born in Miami but if I could return home I'd rather live farther north... Boca? Only if I could fix and take my car!
    2
  48307. In the 1980's regular working class families could actually afford to buy and pay off a home and the criminal county appraisal districts did not have free reign on jacking up home prices like they do now. Now only the rich can afford to buy a home and the working class are stuck paying out over half of their monthly income in high rent caused by high property taxes on the property that they rent. The 1980's were a thousand times better than today as there is no comparison.
    2
  48308. 4th
    2
  48309. I know that when you start working it feels like you work all the time and still can’t afford anything. That’s at times very true. But, shit! That’s no reason to stop working, to not progress. You have to keep working, gain skills, and over time you will be able to afford nicer things. Heck, the only other option is to live off the government tit. I’d rather be broke and working with hopes of a better future as I gain more and more skills, than broke and on the government tit for life. F that!
    2
  48310. This is absurd!! Likely 80% won't fit the lenders criteria. I want the gov the banks and the irs out of my life!! None ya business!! 😤😡
    2
  48311. This is absolutely creating the exact same storm that the great depression went through in real estate and the stock market. Some people just don't realize how fucked they are. God bless everyone.
    2
  48312. The clowns of Wall Street are always going to say the market is about to rip you better buy the dip. They pay the media for all the fake stories to complete the scam.
    2
  48313. A 50 point rate hike is NOT a pivot! It's a slightly smaller rate hike. Make no mistake, we need these rate hikes and we need this artificial economy reset ASAP.
    2
  48314. Happy Birthday, man……enjoy your walk in Miami Beach!
    2
  48315. I saw the first underwater flip up the coast from Miami the other day. Asking price now is below what they paid for it before their rehab. Still not contingent or pending.
    2
  48316. Maybe people are just taking the pandemic and world war seriously and living like there is no tomorrow.
    2
  48317. Can I just say I love your real estate content but I can’t help but notice how smooth your camera is while you’re walking!! 😂🙌 Nice!!
    2
  48318. Are they ever going to build more SFHs in places like Miami? I fear those days are over. Condos are probably way more profitable for developers. Thus, a SFH may still one of the best investments.
    2
  48319. Ooops, I did it again.
    2
  48320. Thanks for all the great info.
    2
  48321. Dang I pay 1500 for a 3/2 apartment with amenities
    2
  48322. for a young guy, you are so right!! :) keep up the great videos!
    2
  48323. It’s the great refresh 🎉 and the rest of us get fed up
    2
  48324. THEY DON'T KNOW JACK. AS THE SAYING GOES.
    2
  48325. You need to do your walking video on the beach in front of all the damaged million dollar homes that got their beach and home eaten up by the ocean in the recent storm. What are they gonna do?
    2
  48326. I love the ocean so very much and it's my dream to live close to it. Right now I'm at least 3 hours from the closest beach and only a precious few months per year to enjoy it. Upstate NY winters are just as bad as IL, they're endless! And summer goes by in a flash. I'm planning a trip to St. Augustine soon and your video got me more psyched to go. Going to Tampa/St. Pete as well. I also want to check out Wilmington, NC.
    2
  48327. I’m going to follow you!
    2
  48328. Honey it was neglect. Years of neglect and negligence
    2
  48329. We love your videos 🌹🌹🙏👍🤗
    2
  48330. I love the walk round the park, I also love looking at houses. I 'm happy either way
    2
  48331. If we're honest, decades of tax cuts have starved the government of revenue (hence, runaway deficits) and overwhelmingly benefited those in "the club". The rhetoric is always "tax cuts for working families" but the target is the upper crust, so that they can continue to live in the style to which they are accustomed. The scam of it is nauseating.
    2
  48332. I just got back from Florida. It was beautiful however, I am not yet sure if it is for me ... Miami was a bit too crazy for me, and smaller towns between Miami and Palm Beach a little boring. I loved the beaches though. Way more beautiful than in LA (where I live). Warm, crystal clear water - loved it! I noticed that except for housing, gas and taxes (which is a lot better in FL), everything else (grocery, shopping, dining, entertainment) is as expensive as in California. Nice condos and houses in nice areas are not as cheap to rent/buy as many people here in Cali think. So far I can say that I definitely loved it for vacation, but not sure if it is for me live. I probably would miss the variety of food and entertainment that we have here in LA (when it was "normal" lol) Will come back in the summer to check again. Your videos are great, Michael!
    2
  48333. 😀
    2
  48334. Visiting the panhandle in less than three weeks; staying in Fort Walton Beach but visiting the Destin area as well. Place looks like a slice of paradise!
    2
  48335. Thanks, Michael! Did you change cameras?
    2
  48336. Michael, you mentioned at the beginning of this video about factors keeping you from flying. Well, I work in aviation and hate to break new news to you, but no one was getting sick during the last 2.5 years, that was all made up by the media and paid off doctors and nurses. How do I know? I worked that entire time, never did and never will do any of the stupid fraud Fauci rituals and was just fine. Just wanted to correct you on that tid bit of information on your video because it was very inaccurate.
    2
  48337. If you can't afford to buy, then you can't afford to rent to buy. No landlord is going to give you a more favourable financial outcome than if you'd just purchased the property yourself. It is possible that a landlord could be doing something dodgey with cashflows to meet bank lending requirements, but you'd need to be very careful. Developers can give incentives but that's to release the profit that exists within the build. The whole notion of rent to buy is just another treadmill to hook you into long term rental which will ultimately cost more than straight forward purchase. I've seen staircasing initiatives which are part equity where you can buy up the residual equity over time... but these ultimately cost far more than outright purchase. In a rapidly rising housing market then you can lock in some equitable stake through part equity or rent to buy, but the market is now going DOWN (UK forecast to drop 20%) so why catch a falling knife. Try to get yourself financially in the best shape possible and buy something as our economies accelerate exiting the coming recession/depression.
    2
  48338. After watching your videos I started working overtime every week 50-60 hours so I can save my money on my low income. So maybe I can buy something small for my first home when home prices go down and rates are a little better.
    2
  48339. My 2 favorite people yea ❤
    2
  48340.  @MichaelBordenaro  That's true but this is just so out of control!
    2
  48341. Hi Michael,Check out Hollywood Riviera.Great neighborhood with good eats close by.Would make a good video,you and your wife will enjoy.
    2
  48342. It’s all been a lie from the start!!!! That’s difficult to understand!!
    2
  48343. I have a friend who lives in Sarasota and he said the surfing is pretty decent down there and it isn't too far from St. Pete! I've also heard Pensacola is solid as well but I know that's much farther from St. Pete. I know the east coast has far more options overall but at least there are a few surf gems on the west coast!
    2
  48344. LOL my Mom said the same thing about hair in Los Angeles where women spend $300 every month on monthly trim or styling. Miami is way different than Jacksonville when it comes to masks. No mask required in Jacksonville but I had even more rules in addition to wearing a mask at gyms in Miami
    2
  48345. We have a east coast guy and a west coast guy.guess we have our news covered in both of these shows.
    2
  48346. Imagine 10 years from now , would be unliveable.
    2
  48347. Very interesting video and I love that you gave a concise, honest comparison between the two places. Also, the quality of this video is amazing! 😀
    2
  48348.  @MichaelBordenaro  That is very good! I’m glad you do, makes for entertaining content!
    2
  48349. Ohhh they are going to print. They have no other choice. They have been doing it since the 90s in Japan. Financial repression. Soft default. Call it what you like.
    2
  48350. Thanks!
    2
  48351. Hello! My husband and I have been putting in offers in Irvine for well over asking prices. Do you think we should wait? What's your expert opinion? I don't trust real estate agents to tell us the truth since they're trying to push for houses that are even higher cost than we want to spend.
    2
  48352. Wow interesting
    2
  48353. $300K condo, more affordable? that's even out of reach for many people
    2
  48354. I got out in 2008 let my license expire and went into healthcare. It’s always been a cut throat business
    2
  48355. I would stay in Florida and just visit northern CA 😎I love the weather here in Sonoma county CA 😎
    2
  48356. It’s the same with our landlords who own and inherited this property. Each year they keep raising the rents here and our onsite manager said they are an out of touch couple who live in a big home in Colorado with an inside pool. They have no idea what living paycheck to paycheck is like
    2
  48357. In 10 years, you will wish you could buy a house for what you can buy it for today. In 20 years, you’ll be regaling the youngsters about how you bought a home for only $750,000 back in 2021
    2
  48358. Hmm Not here. Stores and fast food still opening all over in Denver . 2 mcdonalds in 2 months opened near me. As far as retail, online stores from CHINA like Temu sell stuff dirt cheap, even undercutting Amazon. The problem many brick and mortar stores are having is not enough LABOR. No one wants to work. Some fast food joints have drive thru only because they can't hire anybody.
    2
  48359. People don't want to hear the truth, that's a huge problem. Tell people the truth in love and they still will resist and make up their own truth which is only deception. Truth is still the truth, and a lie is still a lie period.
    2
  48360. Enjoyed it today Thanks
    2
  48361. We are being told by democrats to NOT believe what we see. From gender to crime to economy. Do NOT believe reality, believe what democrats say.
    2
  48362. A massive economic tsunami is around the corner! Endless money, debt and fraud seem to be the players in this corrupt game!!! Very sad for humanity and the future of the world!!!
    2
  48363. I cant watch videos from AI myself, but think they are programing the younger people to get use to it. The young kids are cashless now and seem like they dont care if their personal info is online and tracked.
    2
  48364. Guess I've been rather fortunate - Wasn't a lie from my perspective - took responsibility for myself, did the dance for 40 years, retired w/ no debt, house, vehicles, paid off years ago, kid's higher education paid for (no loans) and they are doing well - came up in the time before social media/Youtube, etc. and switched jobs at my choice and went up at each step. It's not all gloom and doom as presented in this video.
    2
  48365. Great vid! Thank you.
    2
  48366. Beige is the new red
    2
  48367. Is that Michael clone next to him?
    2
  48368. Don't listen to THEM!! You know what's going to happen as well as I do! That old joke about "you wanna buy some Florida real estate" has been around for years for a reason!😂
    2
  48369. YE looking Grey Michael at a young age.
    2
  48370. Michael,.....pretty soon you will be doing short segments on Fox Business,....like Peter Schiff,......for your expert analysis.
    2
  48371. It’s a 1,185 for 6 months
    2
  48372. I’d like to move to Florida in around 5 years I’m just hoping it’s affordable by then great video
    2
  48373. Great video as always Michael, Florida definitely needs to see at least 30% price cut if not more. It’s just Not!! affordable to live in Florida being that homes have more than doubled throughout Florida. Somethings Got to give and or break….
    2
  48374. This is a bit off topic, but my wife and I live in Georgia and are thinking of someday moving to Tennessee. We checked out Clarksville TN looking at houses in the 300 to 350 range. One thing stood out. A lot of the houses on the market were bought in 2019 and 2020. Classic flip houses. Some were bought for about 215 on average. Now they are still asking 315. Do they really thing their house appreciated 100,000 K in two years?
    2
  48375. Companies and individuals have to cut costs when they need to ....The government needs to be forced to do the same thing 😡🤬😡🤬
    2
  48376. Thank you!
    2
  48377. Any luck with reaching Dan
    2
  48378. There is no way it's only 300k to raise a child
    2
  48379. Hey Michael. The Feds met today 9/21/22, and they raised the lending rate by 3/4%. The 6 mos Treasury Bills are paying about 3.80%. Now will probably go up higher as you said. To answer your question if we think the government will now admit to the American public that we are officially in a recession. That answer is NO. The government is hoping that the average person believes the BS that they are dishing out to us. I am not one of those people. Keep these great videos coming Michael. Awesome content
    2
  48380. I’m sorry. If I spent $100 on a basket of groceries in 2019 that basket today costs me $300 -$400 (on the exact same items that I buy, anyway). And I’m frugal. I WISH that same basket cost me only $25 more today!
    2
  48381. If only you'd bought when prices were low. Then you'd be singing about how much your net worth went up.
    2
  48382. if joe starts selling online please include link
    2
  48383. And student loan payments are still frozen. You can bet when Congress debates the debt ceiling that is going to end. Lots of young folks have a lot of student debt and auto debt to pay down. There is more sub prime auto debt now than there was sub prime home debt in 2006.
    2
  48384. Thanks!
    2
  48385. Thanks!
    2
  48386. I think this was the ultimate goal of the plandemic.
    2
  48387. A lot of Canadians spend the winter in Florida annually so that should be affected.
    2
  48388. Michael it will help us if you let us know what county the property is The one in Fountain is a nice town 231 runs along towards Dothan Alabama. Fountain is in Bay county It is a beatifull place 35 minutes to Panama city.
    2
  48389.  @MichaelBordenaro  it's remarkable how the people that built this city are being pushed out
    2
  48390. In the 50's and early 60's when ( LEGAL)citizens were having 3-6 kids, the RICH/CORPORATIONS WERE (in fact) TAXED "bigly". Most mothers didn't work outside the home either. So the singular "bread winner" was making ALOT more.
    2
  48391. Well, we know the government is lying to us and we know the "media" is nothing but a government mouthpiece, so we need channels like yours, Michael, to keep us informed. Thank you.
    2
  48392. Keep telling truth.Those that cant handle the truth, have about eighty-five percent of the major media, to hear the alternatives.
    2
  48393. Looking Great Michael!!!
    2
  48394. This was helpful ! Ty
    2
  48395. Ðont buy anything dollar will crash
    2
  48396. It was my understanding the IRS did amend the brackets, adjusting limits up by CPI
    2
  48397. My family is moving here from NM and my mom has been trying hard to get a job with no luck. Any tips?
    2
  48398. When you are 20 years old, single man with no children, you may take a risk and move to Miami. Families with children should stay where they live. They may go to Florida on vacation and from Miami go to the Bahamas, Costa Rica, etc. Grass is always greener on the other side, on vacations.
    2
  48399. Location location location. Florida is all about how far you are away from the beach.
    2
  48400. Thank you! Loved the video! Have you seen the movie The Crew? It has Burt Reynolds in it. It's about Miami, and these 4 elderly retired gangsters live in an apartment building that is being taken over by investors and trying to get rid of the elderly residents and selling to young hip people. So they decide to take back their apartment building. It's hilarious. Thanks again.
    2
  48401. The coast line is much nicer and scenic in San Diego versus Tampa, Miami and Destin with the cliffs, caves and bluffs. BUT, talking specifically about beaches, Florida wins. But, you can't surf in Florida.
    2
  48402. looks like a scene out of the LAST stand! awesome video btw/ why arent people out +about? maybe florida should legalize weed! revenue! lol shame about the demolition.
    2
  48403. 2500 a month for daycare
    2
  48404. It's worse now, the thief only need your account and routing number or clone your debit card to empty your account. It's safer to use a credit card, especially if you don't carry balance. My credit card issuer allows virtual cards I use for online transactions so my real cc number can't be used.
    2
  48405. Michael within the last week about 5 new homes put on the market in this development we want to be. Also several homes in that development have been reduced by 20 to 35000 dollars.
    2
  48406. What is even nuttier the gig economy with people is misleading those jobs number people are working whatever they can to keep up.
    2
  48407.  @MichaelBordenaro  Nooo! I love Miami too much to leave (for now, at least) 😀. But hopefully, I don’t get out-priced 😅
    2
  48408. I agree. I was going to move to Tampa but the rent prices and everything else seemed the same as in CT. Then they wanted to pay me like 7$ less and all the jobs always said that living in Florida is so much cheaper. And that there Is no income tax. When I did the math out. Counting how much my car insurance will go up and how much more money I would spend eating out and clubbing. It came out to be the same.
    2
  48409. There's only so much choice land. Eventually land will become like water. What then? Whoever has those rights, gets to thirst you to death? I am a multiple home owner, and also a landlord, but it's bigger than free markets etc...where you live can create havoc, crime etc...and I think certain laws do have to be adopted. Such as corporations buying up hundreds of homes, rents doubling etc...this is going to destroy us from within.
    2
  48410.  @MichaelBordenaro  agree 100% there is a huge difference between outrageous rent prices purely because someone can charge that compared to covering mortgage, taxes, repairs and making a bit each month. Just our area in FL alone is becoming outrageous with prices both buying and renting (our mortgage is insanely low because we bought 2 years ago) due to not only normal snow birds but now a ridiculous amount of people moving in. What sucks more is the areas in our area with natural habits that are incredibly beautiful are now being bulldozed and started to look like CA house after house with no real yards or space between.
    2
  48411.  @MichaelBordenaro  yes we are thankful for that although we were one of the lucky thousands upon thousands in our State who got dropped from our policy because our roof is over 10 years old.... The State needs to get a handle on this and slow down or it will turn into CA and loose the natural beauty, become overpopulated, and corrupt due to greed.
    2
  48412. Well with myself personally I do want to stay up-to-date so keep on doing what you're doing. I don't want you to candy coat anything like Dave Ramsey or these commenters that only want to hear the good stuff. We need to hear the good the bad the ugly
    2
  48413. What a beautiful neighborhood Michael!
    2
  48414.  @MichaelBordenaro  it gave me ideas about different places around the state for my future move. What I would like to see also about the most happening places to live in with the most activities ( beaches, biking, dining... etc) 😅
    2
  48415. Michael Bordenaro is South beach safe and decent to rent a condo for a start?
    2
  48416.  @MichaelBordenaro  ok great
    2
  48417. I'm with you. We need higher rates to bring balance... but biden ... you know
    2
  48418. Any good resources on buying foreclosures?
    2
  48419. 5% in San Diego is still bad
    2
  48420. Me and the wife made an above average salary. We are very grateful, but I am now laid off, and while we still make great $ as a household, doing so requires that we live somewhere that "great money" is just "meh money." Even if homes became cheaper, even the upper middle class millennials feel entirely too precarious to commit to as much debt as a home loan. The feeling is to just stash cash and buy something nearly in cash years and years later. But that mindset might be due to me growing up not with a lot of money and her being raised by war refugees in a very poor family. Maybe we are not normal.
    2
  48421. Not totally in the hood 🤣🤣🤣🤣🤣 I feel you
    2
  48422. The I buyer crash is just the start of the overall investor crash that will follow. The next stage is most likely Airbnb....bummer, no Miami Vice montage this time either? (at the very least you could at least wear a white sport jacket)
    2
  48423. It's bad for everyone. We are on social security and when we get an increase medicare will increase and take most of our increase. Please take a look at social security to see what it's like for us.
    2
  48424. I guess they are not too big to fail for big payout from the Swiss Government. National Pride maybe!
    2
  48425. -3° in Connecticut 🥶
    2
  48426. The crossover I didn’t know that I needed. ❤my two favorite YouTuber!
    2
  48427. What if there are third party sellers who is trying ro impersonate Amazon or set their name as Amazon? If that happens, my brain cells is in trouble, so is my money!
    2
  48428. Condo guy here too. And save up a lot of my money too.
    2
  48429. There’s two types of people one that have a lot of money and one that just make it every month
    2
  48430. buy down tricks increases property taxes thanks for the info and common sense advice
    2
  48431. I have cut back on a lot of discretionary spending. Not that I dont have to, but I want to. I am cooking more meals at home, enjoying my entertainment center and tv at home. Heck, it's way cheaper to enjoy my house than going out lately. I am just blessed that I am seeing the writing on the wall. Even more blessed, I found your channel. New life long subscriber and look forward to future videos.
    2
  48432. We live in a 55+ condo community in Rockaway, NJ, about 35 miles from NYC. Condo prices have been high with quick resales up to one month ago. Two condo resales dropped each by $20,000.00 this week. Our condo is for sale now for 18 days, with only one showing.
    2
  48433. Very good data...thxs
    2
  48434. This guy Michael is a really cool dude....I have lived in California for 50 years and have driven the entire coastal area of Florida....and my friends both places have delightful beaches.......some things that Mike didn't comment on....The Gulf Coast / West Coast of Florida has beautiful white sand beaches....the eastern side has brown or tan beaches.....just as all of California.....althought there is some black sand....down near San Diego......another major difference in general Florida beaches are flat.....where as most of California beaches have Cliffs and sometimes offshore rocks which are quite beautiful ......The best spots are the LaJolla / Torrey Pines area near San Diego......Laguna / Newport.....north of Malibu.....The Big Sur Coast line and Monterey/Carmel/Point Lobos........Great White Shark attacks are quiet rare.....and Florida has Portugese Men Of War .....jellyfish.........I love the seashells you can find in Florida.....you can't lose with either state.
    2
  48435. Hi Michael many thanks for another good video. Looks like there is a lot of cars leaking oil on the road. what I have found is many of the young and Graduates coming onto the workplace are articulate but have no common sense.
    2
  48436. I think 33% increase in rent is Not correct. My apt was 890 in 0ct will be1500 You have to make three times the rent that was 1 time the rent in 2020. I paid my rent whole time without job . I won't make enough in oct to renewal Frisco tx I can still afford 900 apt
    2
  48437. The US Government is in more debt than there is money circulating in M2. A Big scam and a Big fraud.
    2
  48438. Opendoor offers a lower price MINUS a 5% fee.
    2
  48439. A very happy birthday to you, Sir!
    2
  48440. New place would be the same once you settle in and are working etc
    2
  48441. This is Great !! Take advantage and do better at the things you bitch about And are all the arm machines broken at your gym 😂😂😂
    2
  48442. Would be a much easier solution if both buyer and seller agent each got 1.5% commission up to and not exceeding $4,000 each. Should've never been different than that anyway.
    2
  48443. Mike, great video. Question: do you know what percentage of adjustable rate mortgages out there are due in the next 6-12 or even 18 months? What impact will that have on those who own the property? What they all start to run for the exit at the same time?
    2
  48444.  @MichaelBordenaro  I've heard that, but it would me.
    2
  48445. 1st person to mention the earthquakes. I live in Canada and always amaze at the different weather throughout USA. Wants to move to Florida but scared of the hurricanes.
    2
  48446. Keep showing us these crazy flips.
    2
  48447. AMEN. Never stop beating that drum.
    2
  48448. Never see my self living in a condo or high rise building . I love farm living away from people 😂
    2
  48449. What about the central coast in Ca? Compared to the Villages in Fl.
    2
  48450. Everything Michael mentioned in this video's , 100% right !!!! NO job is a guarantee, that you will be working there for 4 years or 40 years . Elon Musk did his employees wrong, send you a Text in One minute and it says, for you NOT TO COME TO WORK . This applies to ALL JOBS AND forget about Pink Slips , they don't exist Corporations, Businesses , etcc could care less about You Or Your Family , and by Midnight , you have lost your health insurance.
    2
  48451. Thanks, Michael. You always give us food for thought. I'm going to bet there'll be a real estate dumpster fire in central florida by March.
    2
  48452. HOLD ON, ☝️🧐,, Teck layoffs are les the 2% of the workforce, FACT, and unemployment is at RECORD lows. AGAIN, you leaving actual FACTS out of your hypothesis. I do how ever believe the housing crash will start in Arizona with NEW home builds. There are thousands apon thousands of brand new homes, built, unsold and NO LISTED. they are hidden. Texas is another overbuilt area, this new home crash will ripple out into the USED home prices, ,, it's going to be a black hole event, sucking everything in.
    2
  48453. What’s a short sell?
    2
  48454. Not if you are a migrint you can travel the world for free
    2
  48455. every other house is up for sale where I live, what are they talking about low inventory. Zillow is filled with red dots coast to coast. lies, lies, lies
    2
  48456. Thank you for information, yes I like Daniel's idea too.
    2
  48457.  @MichaelBordenaro  interesting, thanks for the info Michael.
    2
  48458. What’s your step count when you make these vids?
    2
  48459. I think Target is telling the truth.. think how much you can steal if you just go around all day from one store to the next shoplifting? It is effectively zero risk to shoplift. Theft is increasing because blue cities have changed their policy in recent years and they have woke leftist DA's that just let criminals free, usually in 24 hours. Maybe Target should support and donate to a law and order candidate? lol never. At least men can use the women's bathroom though.
    2
  48460. All banks are insolvent by design. The Fed is the only thing supporting them with their 'printing press" . All banks can fail but before the big banks can the Fed will flood them with free money.
    2
  48461. too greedy or bite more than you can chew that's what happen to those Invester:hand-orange-covering-eyes:
    2
  48462. Nice... My old hood... NE 89th Street...
    2
  48463. Very much appreciated! The chemistry amongst the two of you were definitely on point. Thanks
    2
  48464. sweet! I'm moving right next door to Cape Coral in May!
    2
  48465. Nice tshirt 😂 thanks for the content
    2
  48466. Happy birthday 🎉
    2
  48467. 17k for that house is a ripoff. Good luck to whoever feel good about renting that crap
    2
  48468. Zillow reminds me of Uber. It’s run by computers that were very badly programmed, and the people who benefit from it, probably two of them, are unable to control the computers or hire anyone who can or do anything positive anywhere at all. Creepy.
    2
  48469. :(
    2
  48470.  @MichaelBordenaro  Average age of Venice, FL is 70...
    2
  48471. I only bank with credit unions and USAA. Left Bank of America 100% earlier this year.
    2
  48472. I don't blame the sisters,things change in life,life is unpredictable.good for them👍😁
    2
  48473. Brad = trust fund baby - probably doesn't even work
    2
  48474. Property taxes are killing family income and threatening our homes as well as eating away at our economy!
    2
  48475. St John's county has best schools in the state of Florida.
    2
  48476. Be prepared. Nothing to lose. :)
    2
  48477.  @MichaelBordenaro  it's quite a thrill meeting the 'few and in between.' the vibe you convey via your content is so chill. For a 'Sanguine-Choleric' (Personality Plus audio book) aka workaholic go-getter, I resonate with your 'laid back' life-is-awesome-so enjoy-the-food-with-endless-sunsets. Here is a 'non-homo' brother-to-brother hug.
    2
  48478. Good information!
    2
  48479. The media doesn't want to call this a recession because it might make biden look bad.
    2
  48480. Its not really "shooting a video" is it....more like making a selfie with me banging on about the same things lol. Good vid!
    2
  48481. Anyone who makes Big Money has a Parachute to protect them in any downturn.
    2
  48482. Hello Michael , you have been exposed to the British sense of humour ,the crematorium sign with the Mc crispy advert , i chuckled at that , most of us here did and did not find it offensive , only a few sad sacks :}
    2
  48483. Thanks!
    2
  48484. I got my real estate license in California thinking this would be the next move for me. I sign to an agency. Thinking ok cool. They want $150 a month desk fees. Have to pay the association $1800 just to be a realtor. The brokerage have now signed some 100 agents in that office alone. Seems like too many chefs in the kitchen.
    2
  48485. Its not just the roofing scams its because of the increasing likelihood of damage due to severe storms and sea level rise. The feds used to subsidize flood insurance but after fixing these homes 6 times they wisely said we can't do this any more.
    2
  48486. Well prepared, well delivered. Thanks.
    2
  48487. 70 to 90 trillion in wealth transfer....this is why inflation is going to the moon. And everybody including washington, blackrock, health and auto rates, fast food, etc, etc......want a chunk of that!!!
    2
  48488. It’s really cool to see you were at the same beach in Pensacola that I was at recently 😎
    2
  48489. Way to go Michael…one of your best
    2
  48490. The cost of new homes are so high the average Joe can’t afford to buy a normal size average home. Home prices need to get back in line. Here in Cape Coral houses are out of range crazy money.
    2
  48491. I'm in New Jersey, my townhouses lost 15 thousand in equity from 3 months ago....smh Love ya Michael...keep us in the loop
    2
  48492. I don't know if this is a problem elsewhere, but here in the Midwest where I live it is almost impossible to find a handyman or contractor who can take care repairs and updates to prepare a house for sale. My daughter has had 3 contractors book appointments and then not show up. Two other contractors said that they could get to her jobs in the fall. I don't remember it being this difficult in the past to find someone who could do work on your house.
    2
  48493. We have a two-faced economy I'll admit on paper my retirement, 403b, 457b and roth Ira is looking great. I'm maxing out my roth Ira and hsa account yearly. I am also contributing heavily to my 403b and 457b. I do have a pension through my state as well. However, if it wasn't for my overtime. There'd be no way. My costs have increased for homeowners, auto and life insurance. Food has increased substantially. The only reason I am making it. I have a job that is recession proof, no kids or wife and I also have a bunch of overtime. Sad affairs of our US economy I can't imagine the struggles of people that have kids and no extra income.
    2
  48494. If we are being honest, the housing market will not correct, J Powell knows this too, until the neck crank on the economy forces the labor market to bend the knee. There is no building our way out of this in the short term. The Fed has to force this to happen or else the housing crisis will explode politically and all eyes will be on them.
    2
  48495. Our government can’t or won’t do anything about enforcing our immigration system or outsourcing and the average person suffers from it due to stagnant wages and benefits. It sounds great for the government to look after it’s own people, but we all know that they don’t.
    2
  48496. I've visited the Pensacola area and Pensacola Beach half a dozen times over the past 20 years and as I get closer to retirement Pensacola Beach has been on my short list for my ultimate FL retirement destination, but winters might be colder than I want. Today, 01/03/22, 5:00pm: Miami Beach = 72 deg & cloudy. Pensacola = 46 deg & sunny. And, in Ft. Walton Beach, 40 miles east of Pensacola on Mon. 01/03/22: "...Parts of the Florida Panhandle got a dusting of snow early Monday after temperatures dropped dramatically from the previous day when the thermometer was at typical beach weather..."
    2
  48497. The first time I had to pay for a plastic bag was in Italy in 2007. I loved it. Too much waste. Then Hawaii then finally California. I will continue to bring my own bags. Not an issue for me, but I am looking forward to avoiding the charges for water bottles and cans. ;)
    2
  48498. Chatbots for information on just about anything does not interest me. I want to hear it from the horse's mouth and chatbots have no mouth 🤔
    2
  48499. Florida preparing for the onslaught of foreclosures, people in large numbers maybe refusing to leave the state out of stubborn (righteous?) anger, and setting up protest like camps under the pretty palm trees. Just know that policies are rarely actually for the benefit of the citizens. There is always another motive. Coming tax increase? More money needed to enforce? I don’t know what it is, but it’s something.
    2
  48500. Nice one guy's 👍
    2
  48501. Everyone wants to live like the INSTAGRAM CROWDS… So they can post on their FYP timelines… It’s scary. And it’s weird how immature so many people are 🤦🏽‍♂️. Anyway, Loving your videos. 👍🏽
    2
  48502. Boomers moving to FL. Retirees moving to FL is nothing new. The fact they are doing this during all of this...idk. First time home buyers are the life blood of everything in this market. New families...kids will be going to the public schools..everything is built around these kind of owners. At least here in MI it is. If 1st home buyers can't buy a home...it'll be a domino effect on everything else. Hopefully some help will come.
    2
  48503. The last person you want to be taking real estate advise from is a realtor or invstor (other than you of course lol). It would be taking food out of their mouths. Another good sign to look at in the markets is the amount of price cuts happening. Thx Mike!
    2
  48504. Great information! Thank you
    2
  48505. A price reduction, versus a concession, accurately prices the home for comps and appraisals. If a buyer pays $500,000 but gets $50,000 in concessions the home is recorded at $500,000. A tactic used here in Phoenix by iBuyers. So when the iBuyers relisted at house at $515,000 many people thought that they were only making $15,000. Insurance will also go down a little bit as homes are being recorded properly at $450,000. The real estate agents will also get paid less as a price reduction reduces the agents commission where the concession does not which the seller will be happy. 5% of $50,000 is $2500 in agent commissions. Pays for a short distance move.
    2
  48506. Ahhh Florida on a Sunday. I love it.
    2
  48507. Winter is here.
    2
  48508. In 1990 I remember I had a chance to buy a house in Keystone Point for 159,000 🙄🤷‍♂️ pasted up on it and bought in highland lakes for 89,000 !
    2
  48509. I live in Miami Lakes. Great neighborhood. Great schools. Super convenient to everywhere.
    2
  48510.  @MichaelBordenaro  I’m renting next to Publix. Walk out the front door into the store. No more fighting for a parking spot there
    2
  48511. Mike also think about the states that are passing legislation free college for illegals 😮😢😂
    2
  48512. Mayor Wolf of Philadelphia just made aparments free. You can't get evicted if you don't pay rent. Why pay rent then.
    2
  48513. This is what I call a truth hurts video… In my opinion it’s always better to tell the truth… That is why this channel is great❤ excellent job MICHAEL let truth be your guide and you’ll always come out on top… It’s that simple…🇮🇹🇺🇸
    2
  48514. txs so much info here! scary ai !
    2
  48515. He's right about how nice the areas around Miami are, but probably not the place for retirement on a fixed income. Stick to the gulf cost recommendations or Orlando for retirees. I've been to all of the places recommended and concur with all these choices which are better than a statistics-based list. But, I would avoid being too close to the road congestion madness of central Aventura. I also love Surfside, just north of bustling Miami Beach, which has a very laid back vibe but is close to everything.
    2
  48516. We're firing these A Holes so I can Buy a new Koenigsegg 😂 that's what the CEO meant
    2
  48517. @Michaelbordenaro keep feeding me the info champ
    2
  48518. Barbara Corcoran is a shill just like Ramsey. 🇺🇸
    2
  48519. The selling of MBS’s would’ve taken interest rate to 7%. The Fed balked
    2
  48520. The thing about winters in Maryland is that it’s actually pretty sunny, but it’s cold to most people. Not me!!☀️☀️
    2
  48521. Love this vid!
    2
  48522. This makes my head hurt...
    2
  48523.  @MichaelBordenaro  - there also is a dog beach
    2
  48524. Wage theft is still the number one form of theft in the USA, and the second is civil asset forfeiture. This didn't come out of nowhere. MBAs and police have done nothing but rob the citizens for decades, you reap what you sow.
    2
  48525. JMO - If I distill many of you comments from this video down to the essence here's what I get - We as a society have alleviated responsibility for actions from nearly everyone - individuals, businesses (including banks) and the government - they are all spending beyond their means. There is going to come the point when there is no one left to do the bailing out. It looks to me that we are rapidly approaching that precipice. We let out formal education system rot so that too many do not understand basic economics and we put so many pads around the school of hard knocks that it's no longer effective. The piper is getting ready his bill. Paying that bill is going to be a real bitch. We forgot the old axiom - pay me now or pay me later - later is rapidly approaching - buckle up.
    2
  48526. What about putting property under a llc? And even rent the place to yourself just to make more hoops?
    2
  48527. Love you channel.... buy bitcoin
    2
  48528. Vegas inventory is way up. There are a lot of price drops but the original asking prices are dream prices. It's gonna take some time to come down any considerable amount. I'm watching the market all day.
    2
  48529. You grew up in Illinois and I grew up in Ohio but both of us have been in Florida for many years. What's wrong with reasonable prices to get real? It's not Never Never Land that we've been living in.
    2
  48530. Anything the government touch’s turns to shit. Shame on people who take advantage of the situation. This administration punishes people that hustle and rewards deadbeats! It’s a race to the bottom
    2
  48531. Hi Mike. A nice video. What advice do you give an average worker out there that’s making about $50k gross (not net pay) or so year that just wants to buy their first property? Inflation and the cost of living are so high and wages generally haven’t increased at the same time they much. I live in MD and the average house now costs about $400k. So, if somebody has never owned a house before and obviously has no equity from another house while making average wages living paycheck to paycheck with fair credit, how does one even afford to buy their first house? When do you think a buyer’s market will return, especially in the southeast? I loo forward to flying back to Florida the following week for vacation. Thank you buddy. 👌🏻
    2
  48532. Hi Michael, I really enjoy your videos. You have a lot of initiative and you will do well anywhere you go. Something is causing you to think about moving. Depending on what that is, only you can determine whether a move will help. Environments that are perfect for us in younger years don't always meet our needs when we get older. My wife and I moved from the Midwest to the Pacific Northwest and then to Florida. We met great friends and experienced new cultures. Now we are considering a new adventure. We could have stayed at one company and one location our whole lives and put more money in the bank, but we would have missed out on new experiences. There is a cost to change and doing your research and using your intuition will help you determine if it is worth it. Sometimes the answer is "yes", but not yet.
    2
  48533. Great info I will start looking in europe !! Thanks gumba
    2
  48534. Thanks you Michael
    2
  48535. Everytime I’m in Miami I always go to North Beach. It’s beautiful, and has really nice people. It still has a decent amount of people especially on weekends, but not as crazy as south beach. I have no interest in south beach at all. Never did. North Beach is my favorite beach. I spend 75% of my Miami trips in North Beach laying in the sand and going in the water. It’s really the best.
    2
  48536. Michael....my wife and I go to Costco for bulk items....meat for the month and vacuum pack into daily packaging, eggs and weekly fresh produce....plus gas 2-3 times a month for a total bill of $850....Hawaii is super expensive but we eat smaller portions and hardly go out to eat....its been a few months now since we been out to eat....LOL....
    2
  48537. I can buy house cash without HOA. Am I still required Insurance?
    2
  48538. I'll buy again when houses cost what they did in 2010. This crash will be brutal. Cash will be king for a while until we find out what the new currency will be. And no fools, it won't be crypto. Anyone that believes crypto will be the new currency, their stupid. Watch and see.
    2
  48539. Brrrrr! 🌬️ It's 45 degree cold at night in Tampa Bay.😂
    2
  48540. Sounds like a story. How can anyone still have any of that money left over. No people have expired due to the experiment and some are on disability. 4 million students didn't go back to college. Only thing I might buy is perfume and more makeup. It's hunker down time no time to wast money on nonsense no halloween. Buy more digital assets.
    2
  48541. Why do people like to say car note instead of car loan? Seems like extra work to say different words.
    2
  48542. Everyone knows inflation is much higher than what the government claims... Politicians in the government are constantly lying seems like that's all they know how to do is lie
    2
  48543. The average Joe cannot afford a house whether The Fed keeps raising rates or not. Only the rich Cathie Woods clones are looking for their next free money high so of course they are begging for the big pivot but for the average Joe out there, rates will be too high or inflation will be too high to afford a house....take your pick.
    2
  48544. Hey, men appreciate claw foot bath tubs too Michael. Practice inclusions. Ha ha
    2
  48545. You nailed it with the electric cars everything you said is correct and you ended perfectly by saying the people that are going to pay for this costly mistake is the taxpayer end of story there’s no need for government to shove this down our throats. Then your topic on retirement mistakes was right on I would just add that everyone makes mistakes in life but when you make them towards the end it’s very hard to rebound Good job
    2
  48546. I’ve been in Miami Beach the last 5 days, and thought I would randomly run into you as I ran the beach trail. Haha I visited Wynwood today. Have you done any real estate videos on the city, or just stick to the Miami Beach area?
    2
  48547. I like what you said in the last 3 minutes! You rock Michael!!
    2
  48548. They make crap up as they go along hoping we are stupid enough to believe them.
    2
  48549. Love your insights and when you walk and talk in neighborhoods. I lived in Miami from 2017-2019. I lived in the housing neighborhood across from the Fountain Blue, about 10 min drive to Lincoln road shopping in South Beach. I’m born and raised on the west coast - Southern California and currently Las Vegas for the last 20 years with the exception of Miami. Las Vegas real estate has has gone insane over the last 2 years. Would love to hear your thoughts on the Vegas market, do you think prices will come down here?
    2
  48550.  @MichaelBordenaro  fantastic! I look forward to seeing that video - yes very nice area, I loved living in that neighborhood. Thank you for your Vegas thoughts, I agree and will be ready to buy again once it adjusts. Thank you again for keeping us all informed and your valuable insights.
    2
  48551. November : Went to beach once (bad) December : Went to beach twice (bad) January : Went to beach thrice (meh) February : So far have been to the beach 2 times (new goal is to go 8 times a month) Now I just learned to surf. So I will be going a lot more. So Michael, I was in the same boat too, just had to push myself to go more often, take more time off work, and incentivize the process by adding surfing to the mix. Do you happen to also surf?
    2
  48552. 16:50. The left-wing Canadian government owns the media in Canada. Literally owns it. Can't trust anything in Canadian media unless it's independent media.
    2
  48553. Hedge funds did a hostile takeover on single family homes in every major market!!
    2
  48554. Thnx MB👍🏻
    2
  48555. CANT PLEASE EVERYBODY, YOU DO A GOOD JOB
    2
  48556. Great video content Mike!!!
    2
  48557. lets hope the monitization of homes gets stopped by local communities! families can't compete with nightly rentals which can bring in so much more in just 2 weekends than families can afford to pay to rent that home
    2
  48558.  @MichaelBordenaro  yeah just tired of not being able to make the rules in my own home. Plus I live in the middle of nowhere finding a place to rent is like finding a unicorn. But housing is to expensive also :/ it's sucks so much.
    2
  48559. Maybe we should all go to Gavin Newsoms mansion in California after he raised the the rate to 20 per hour !
    2
  48560. If you were single, what is/are the area(s) that you would best recommend?
    2
  48561. Interesting. Mind- opening. Handyman is the best for me.
    2
  48562. The good 'ol days — back when any single-income family could afford a house — are long gone, never to return. The struggle for survival in America is now almost as ferocious as in Asia, Europe and elsewhere. Why? Ever more people competing for finite resources. Darwinism at work.
    2
  48563. great video, love the park, it would be a shame to build homes on it.
    2
  48564. Hi Michael. I really like your videos and style. Question: do home owners ever come out and harass you or see their house on a video and get upset? Just curious.
    2
  48565. What gym do you belong to that is nationwide? Nice restaurant!
    2
  48566. Love your channel, the TRUTH WILL SET YOU FREE! You’re the top 5 YouTubers I go to daily. Straight shooter no bs, nice to hear someone who sees it as obvious as I do.
    2
  48567.  @MichaelBordenaro  Yes, I can feel the humidity rising already. 😩🤣🤣🤣
    2
  48568.  @MichaelBordenaro  Yes 😂😂😂 a taste of hurricane season yesterday! 😱
    2
  48569. Mike must be hitting gym and doing some lifting.
    2
  48570. Quick story, I got a house being built, guys called me like, we need a little more money for materials.. I'm like wtf lol I thought of you and your videos
    2
  48571. A relavent topic! Thank you
    2
  48572. Don't worry about the low birth rate. Our government will continue to allow millions to illegally enter our country and they bring children with them. Problem solved.
    2
  48573. You've got to see Weeki Wachee Springs State Park. Old Florida roadside attraction at it's best.
    2
  48574. Make sure you can afford a home on your own before you jump in. If you can't buy, wait until you have enough for at least 20% down payment. In the meantime, you can buy REITs equities or S&P 500 index using dollar-cost average. While S&P 500 index is still below 200-day moving average (market is bleeding), you should be buying it since last few months. This is a huge opportunity to buy low and sell high later in a few years. Equities market tends to recover 6-12 months before housing market. Personally, I like equities market for investment than buying a property to rent (too much work, not easily to liquidate a property and about 5-6% buyer/seller realtor commission).
    2
  48575. Look out. Tomorrow folks. Anyone who financed a over price homes ,you prob be under water soon. Interest rates going high.vary soon . If your a cash buyer like me..you can make a better deal cash is king..I bye distressed homes fixed up and rent them out. ..I don't bye in H.o.a ,s. I steer clear of those properties.
    2
  48576. Good video Michael! Do you honestly believe the fed will sell these mortgage backed securities and crash the market? I just don’t see them wanting to take responsibility for anything negative at all..
    2
  48577. You look good in black.
    2
  48578. Just wait till the next hurricane, and the next one and the next one, it doesn’t take a rocket scientist to figure out that if you’re going to buy Florida property you better have deep pockets. Mother nature is not going to stay silent.
    2
  48579. 👍✅🙀✅👍
    2
  48580. Michael I am not mocking you but not only is the S&P a Ponzi scheme but our entire monetary system i s a Ponzi scheme. The deceitfulness of it is it works for a short period of time to rob everyone then we end up where we are right now! Its Game Over for our entire country! We are in massive economic trouble and we have just started!!
    2
  48581. Raising the price to pay the Real Estate broker is a "Net listing" whereas the Seller must "net gain" a certain amount. So the agent has to make up the difference if a deal can be made possibly. ALSO, the standard commission conversation and the standard split between brokerages is a taboo subject. Cooperating commission agreements between Real Estate Brokers is governed, I believe by FREC (Florida Real Estate Commision) and MLS (Multiple Listing Service). Unless agreed otherwise, a Buyer's agent is a Transaction agent, who owes certain duties to both parties, and the Seller's agent who has the Listing Agreement has duties to the parties as well, spelled out by the law. As a listing agent, I asked and received higher than the so called standard. I also shared that percentage generously with my cooperating agent's brokerage, hence getting houses sold. It's how you treat people, not how you screw them over.
    2
  48582. 4:27 love that Lincoln 😍
    2
  48583. So you have Karen's there too there everywhere
    2
  48584. Suddenly, Florida don't look so good.
    2
  48585. Thank You, Michael I watch your You Tube daily … it is soo informative, and is appreciated! You are honest, kind and caring about the real truth in Real Estate! Love, Florida would not invest now for sure! We live in Virginia, same Issues … Thank God for our Gov. Youngkin! Love, Gov. DeSantis🌹❤️🙏
    2
  48586.  @MichaelBordenaro  Yes it very strange as majority want him out, I think they fake the recall, in any case he will be out very soon . Hope we do not get another nut like him. I move to Florida 4 ago, so not due to recessions, nor Covid. Use to live in Sarasota, which I like very much.
    2
  48587. Nice info and nice mesa back there
    2
  48588. calm down condo karen
    2
  48589. 5% would be fine, wages are catching up plus 5% would weaken the so called lock-in effect. Would take another ~2 years for the numbers to finally make sense and resemble "normal times".
    2
  48590. Default! Default!
    2
  48591.  @MichaelBordenaro  For your safety, that's a good idea. lol
    2
  48592. Higher interest rate lowers demand for houses. Increased demand leads to higher prices = high inflation. Increased interest rates reduces demand for houses which means lower prices = lower inflation. The Fed tried to stimulate the market in 2020 with quantitative easing. OTOH quantitative easing (money given to banks at low interest) created a housing bubble.
    2
  48593. Good info and thank you. I was in thought and looks like a trap, but I see people are still buying now. In Austin, the price did drop but people are jumping in and buying them probably with little lesser than listed price which was already reduced, but when I do the math it does not add up and wonder why would they still buy. It’s the same in LA stead, I could not find a 4 bed 3 bath for less than 1M in areas which is the border of LA like Santa Clarita or riverside. Thoughts?
    2
  48594. Thanks for this video. I just had a huge bonus and have been debating on paying off my 6.25% mortgage.
    2
  48595. I have lived in San Francisco, Sacramento and just moved to Palm Springs and plan to retire here. I grew up in Ohio, visit my parents in Florida twice a year but would never leave California.
    2
  48596. Smart thinking sir
    2
  48597. You forgot to mention there's no sleeping on the sidewalk.
    2
  48598.  @MichaelBordenaro  You might have to be willing to take a little less return initially (rent collected vs mortgage payment), to be ahead of the curve, and thus really benefit when SV SE arrives, and demand will be very high. Or, you could just give up the close access to the beach, and live in it for a year or two, until the techie hordes arrive. The younger employees will not be able to afford Coral Gables or Coconut Grove, so will want a more affordable, and for those with kids, a family-friendly area - not a high-rise condo, which are not in CA's SV at all.
    2
  48599. If your buying a house in 2022 be ready to be left holding a heavy bag! I’ll stick to holding my savings and pay 2500 a month rent safe and sound. Haha banksters you can’t have my down payment!
    2
  48600. Most of the restaurants I went to when I taught school in Sausalito and San Rafael were twice as much as Florida.
    2
  48601. I'll tell them you sent me :D
    2
  48602. 99,000😊
    2
  48603. $25,000 a month? 🤣🤣🤣🤣🤣
    2
  48604. I agree with your prediction
    2
  48605. what part of the stage will be prices that are lower than 2021?
    2
  48606. Michael, I appreciate your unbiased opinion of Trump, and I'm glad the truckers came to their senses! The only problem with telling others to boycott paying their property taxes is investors will come in and pay the property tax for the homeowner and give them the right to foreclose on the house in a year. If the homeowner doesn't pay their outstanding property tax balance within the year, he/she will be out of a house.
    2
  48607. 🎁🎂🎁Michael! Enjoy Venice. Looking forward to what you film over there. Safe Travels.
    2
  48608. I have a cool jeep too.1953 M38A1. Restored.
    2
  48609.  @MichaelBordenaro  haha you noticed! I really liked your sunglasses and saw your links in your YouTube page! So I got one!
    2
  48610. Items, including homes, are only worth what someone is willing to pay for it.
    2
  48611. What’s happening in America is complete madness, I don’t even pay it any attention anymore, I’m now looking for a home out of the USA, people stop stressing and start looking out of the country, things are so much more affordable, this country is falling FAST!!!!
    2
  48612. Theft & crime pays better with minimal accountability by liberal communities
    2
  48613. It’s funny that the UK Govt is going to place all the burden on the landlords for the heating when it’s the Govt that won’t be able to provide the gas. Does the Govt go to jail because like the idiots they are, shut down 13 power plants and became completely reliant on Russian gas right before the Ukraine invasion? Russia just shut off the gas to Europe. Pretty sure there will be a heating problem. Going Green isn’t working out so we’ll…
    2
  48614. Any gen expect to INHERIT their parents home!
    2
  48615. Lovely video. Love Surfside 💘.
    2
  48616. That’s kind of strange Because many stores Have empty shelves... There pulling items to The Front of shelves to Make them look full.. There is a major food Shortage and people Seem to be ignoring The fact...Sooner or Later the ugly snake will Show it’s head... And there may not be Any food on the shelves Or they will lock up ..food. And loaf of bread Will cost $50 dollars.. I’m on the West Coast Maybe Florida doesn’t Have this problem? But most of the states Do From Georgia to New York..🤔
    2
  48617.  @MichaelBordenaro  and HOA ? You need to pay it monthly !?
    2
  48618. 24:33 Go listen to IAlledgedly clip today destroying Realtors. Sad...BTW, I think you're awesome 😊
    2
  48619. Thanks
    2
  48620. David A Hughes his book, there are two ,detailed what is happening now! The book is called Wall Street the NAZIS and the CRIMINALS of the DEEP STATE. I bought it on Amazon after I heard Catherine Austin Fitts interview him. Please listen to this man!
    2
  48621. Thanks!
    2
  48622. liked this better than the north miami neighbourhood 💗
    2
  48623. It is wise to pay off all one’s rental properties
    2
  48624. Stay strong, be positive.
    2
  48625. The stock market plummeted because too many foreclosures made a big bank fail. We aren’t anywhere near that, we have had dominant cash buyers winning all the bidding wars.
    2
  48626. You make me laugh! Thanks for that. Glad you own a shirt with sleeves. lol
    2
  48627. Microsoft just announced 10K jobs cut, Amazon announced 18K jobs cut... Well, you don't need to guess! As your money is the hard earn money, you have all the rights to ask for proofs of the house. If home owners dance around or not to provide, those houses are the death trap for your pockets.
    2
  48628. Any videos with key west condos/homes?
    2
  48629. Good perspective. I just found this channell.
    2
  48630. Hey you guys ! _ goonies style 😂
    2
  48631. What is the minimum wage in Florida now in 2022?
    2
  48632. Crystal ball what!!?? 😂😂😂
    2
  48633. Should make it so sellers have to disclose deferred or under voted maintenance.
    2
  48634. I was looking for a Condo in Vegas. After watching this channel, forget that shit.
    2
  48635. Recently discovered that in NC, there's a fee for not paying with cash. Restaurants are passing the fee to the customer. About 3.5% fee. Gas at pump too
    2
  48636. I smell the bailouts coming. I've already heard talk. That they're going to rewrite mortgages. And nothing has even happened yet. Freaking whacked out world
    2
  48637. Please say no to those corporate sponsors. Do NOT partner, with them or let them sponsor etc you. I want actual families to buy homes. Those companies are a big part of why home prices are so high! I enjoy your channel but I will unsubscribe if you advertise etc for those companies.
    2
  48638. I love the way you just teach us so naturally.
    2
  48639. Basically, it all sounds like a financial shell game amongst the banking industry and the various country treasuries. Kiting money, printing money, bail ins…we saw it coming from a few years back. Strange watching it happen in real time.
    2
  48640. Age 35? No way
    2
  48641. Cali or Florida as for pricing?
    2
  48642. There are markets around the world that are more in bubble territory
    2
  48643. HOA are criminal af and needs to be deem illegal
    2
  48644. People want 50/60k for mobile homes that were 3 grand 30 years ago, where I live. Seriously, they aren't new trailers. And the lot fees are now the price of a one bedroom apartment 30 years ago. So basically, the cost of living has risen like 1200% in that time, while wages have doubled and they act like that makes up for it. lol
    2
  48645. Nice boat that iguana has!
    2
  48646. yup, once the government can't pay off the interest on the national debt we're done.
    2
  48647. Thanks, Michael! That movie set house was a good introduction.
    2
  48648. I have been down there looking, pricewise yes, but the sprawl is turning me off, also surprised you didn't mention all the road names begin with same letter in each section, kinda creepy
    2
  48649. Walk on Abbot Kinney! You’ll love it it’s about half mile up the road north. Also check out Hinano’s really good bar off Washington in and Pacific band pretty girls, pool tables, an amazing cheese burgers.
    2
  48650. Congrats Mike!
    2
  48651. Thanks! Have a great day. 😊
    2
  48652. My home I will be selling here in Massachusetts is 3x the size of those homes with a 7 car garage and in ground heated pool with 4200 square feet and I should get close to $1m.
    2
  48653. Dayton, Ohio....no thanks!
    2
  48654. Don’t let the summer heat cloud your mind brother! I moved to Tampa 30 years ago from Massachusetts, and we gotta get through 3-4 months of heat a year. I have always said… if it was perfect all year round WE couldn’t afford to live here!! The end of October will be here soon enough! Great videos Michael!!
    2
  48655. You are wearing that tank top and sunglasses again!
    2
  48656. Serial numbers aside, cash is shockingly anonymous.
    2
  48657. They have to get some suckers to keep the Ponzi scheme going.. we have all had the taste of low-hanging fruit
    2
  48658. Great insight and content. Thank you for sharing this kind of information. It's appreciated.
    2
  48659. Deja vu regarding FOMO. I watched the frenzy in 2003-6
    2
  48660. Leave the fake money alone, your debt wouldn't be fake like the loan, if money can be made out of thin air it's fake😂
    2
  48661. 👍
    2
  48662. You're going to see more buyouts because values are dropping
    2
  48663. A friend of mine that earns $17.00 per hour just spent $1,400.00 on an iphone and the accessories.
    2
  48664. I recommended Your expertise to Jeremiah Babe He's looking to get out of California
    2
  48665. I'm laughing with you !!! Grant Cardone can buy all he wants and while the rest of the economy is crashing in other fields . Who is he going to rent to with all the unemployed people out there ? I see this big companies crashing when the values go down and they get stuck with tenants not paying they will have to be strong enough to weather the storm . Rents going down and values are going down . Everything is build on a false market that was created by the fed when they loaned money to the banks at 0% . I think people need a reality check . I hate to sound gloom and doom but that is where we're headed according to economists that don't have a vested interest in this . Let's exclude redfin , zillow and the national association of realtors.
    2
  48666. Why 35k a month? How about 35 millions a month
    2
  48667. I read that its illegal to drive with your hazards on during a rain storm, do people really turn on their hazards while driving in the rain? That's comical to me.
    2
  48668.  @MichaelBordenaro  Thank you Michael for your reply. What is your opinion on St. Augustine area? I’m buying a house as a vacation home.
    2
  48669. I think the California government is bringing mask back?
    2
  48670. Long Island Property taxes are ridiculously High. . I pay School tax, Village tax as well as General tax. Retired 11 years ago with a decent pension BUT my taxes continue to go up up up. Which is why many Long Islanders Leave🙁
    2
  48671. I think that the peoples that are homeless The state should do more The homeless is cause by low income wages and jobs. What choices do homeless families a d other do. That crapwhen government make it harder on anyone that doesn't have anything, Give them a job rather than making it harder for the homeless.
    2
  48672. Blackrock knows reduced birthrates and declining demographic data, are long term problems
    2
  48673. Yes prices starting to drop here in east Fl
    2
  48674. EV's are just another ponzi scheme to make the rich richer.
    2
  48675. USA doesn't have any gold. They returned some sold the rest.
    2
  48676. What about gig workers I'm a full-time Uber driver how can I get an apartment anywhere in South Florida
    2
  48677. Thanks Mike
    2
  48678. The big joke is a bunch of private banksters (=Fed ) ruling the US, acting as Central Bank, holding several ministries, the presidency, both parties, money printing, implementing random policies aso.... and the average citizen still believes they do it all for your good... Sincerely, people will never wake up and the banksters know it, as their IQ is about 250 and the clueless citizen has 85.... and 3rd W. people 65..... game over.
    2
  48679. Your videos are so honest and real. You seem to have the pulse on the real estate market. Very relatable. And no I don't make 195,000. I work at Amazon. Slave wages
    2
  48680. Single dude, Thanksgiving = Cornish game hens. Cook on.
    2
  48681. wait. can you explain why dumping MBS will crash the market. i dont fully understand
    2
  48682. 🤘
    2
  48683. Omg, I lived there when I was little. My brother was born there. My dad was a fisherman. It was a party town in the 70's. 😂
    2
  48684. Should you have posted that woman’s name on the sale information?
    2
  48685. “Down in the 40s” that made me laugh. I’m from New York and we just came off of two weeks of below 20 degrees. Anyone know where is the car scene?
    2
  48686. I tried to move home to so Fl in 2016. Boynton Beach was nice.
    2
  48687. It is a government shakedown so that landlords can sell and Blackrock can buy it up.
    2
  48688. Meals on Wheels soup kitchens for the homeless they're pushing people onto the street an no savings no back up at all and Medicare keeps taking people's money many other things as well darn apocalypse things are changing so fast take care
    2
  48689. Better 😋
    2
  48690. This is why you got the Jeep 😃
    2
  48691. it made me feel more prepared. coming down soon!
    2
  48692. I still want to move too Florida! But my husband unsure so us my 12 yr old son. Because of the hurricanes
    2
  48693. Why do you have to give a tax incentive to buy the EV car and the electric company by me gives you a discount on the rate at night plus the EV is not paying a road tax at the pump
    2
  48694. I believe 50% price drop in the housing market in 2023
    2
  48695. Pebble Beach, Carmel by the sea and Carmel, California are beautiful 🤩
    2
  48696. She must be a terrible loan officer.
    2
  48697. The key to living in South Florida........always be making money
    2
  48698. Try Alameda Island & contrast to next door Oakland . Graffiti, homeless & crime .
    2
  48699. Michael Bordenaro I’ve got people in Miami that can set you straight. If it’s easy and possible to get cleaned up that is. I can at least connect you with those that can. But I’m surely you’re knowledgeable from your past experience. Not sure how to get you directly in contact, but I did send a FB request. Aside from that your videos have been really helpful for my wife and I. Luckily we’re buying a 2acre home from her parents that should be a gem in time. Can’t wait to be permanently in Florida. Her parent current live in St Augustine. I love that place too
    2
  48700. Hi Michael. I am a long time realtor (30+years) in Ohio. Trying to decide if this market is bad enough to warrant getting a second job right now before I wait and have sales or income. can you share your thoughts? its a big move because i have so much time invested in the business, but am a single parent and its been scary slow. Hate to make a mistake if I should be prospecting instead. thanks
    2
  48701. I hear you about the crowd of people.
    2
  48702. Thanks Michael 👍
    2
  48703. All very good points. Thanks. In new neighborhoods west of Houston like Katy and Fulshear we see a doubling of home owners insurance to about $1,200/year, but property taxes are over 3.5%. One huge benefit of Home Owners insurance is the liability clauses which basically provide you with a legal defense if you are sued in some relation to your house, such as someone gets hurt on your property. Legal costs these days are ENORMOUS so the HO policy is a cheap way of getting that legal coverage imo.
    2
  48704. But one disadvantage I've heard of keeping "physical gold" (as in a gold bar) is that it has to be appraised as solid gold before selling, as scammers could cover a lead bar with gold and sell it to unsuspecting buyers.
    2
  48705.  @MichaelBordenaro  My husband says I am a hoarder. I am not, but I am a sentimentalist, so I pick up everything. I can't throw anything away, but I CAN give anything away!
    2
  48706. Nice Pnc kept charging me because I don’t use it I don’t even realize it until 4years later
    2
  48707. Love your videos Michael! Please protect your beautiful skin while you’re out making them for us ❤❤❤
    2
  48708. What would be a good tourist place in Florida that doesn't get much tornadoes, hurricanes or sink holes. Looking for investing in a property that I can easily rent out on short-term leases, Someplace where people love to vacationing. Any suggestions in this regard would be appreciated.
    2
  48709. Does that include single and double wides?
    2
  48710. Great broadcast. You made the right decision. I see short term rentals getting hit with expenses that will start to eat away at their revenues. i.e. insurance, taxes, inflation on common items, labor shortage for repairs. Ever called an HVAC tech lately??? They no longer trouble shoot, they just replace with new units now..... As that's all they are trained to do......
    2
  48711. Thank you. great info..
    2
  48712.  @MichaelBordenaro  Maybe in Florida but I doubt it, I would like for you to be right but I'm seeing a lot of evidence of people bringing their left wing political beliefs with them. If you look at Graham Stephen's video as to why he left California for Nevada he specifically stated that California's issues had nothing to do with it's politicians who are majority Democrat or their policies. Sadly a lot of Californians leaving California think this way it's why the big cities in Texas have turned blue and why Nevada is turning blue.
    2
  48713. Yeah I’m with you Michael I think that this is the true reality for green energy it’s no good it’s not reliable and this is proving it front and center right and everybody’s face you cannot deny it said it electric vehicles are no good if you want to buy it but we should stick to a patrol vehicles
    2
  48714. 30 A is super cozy and perfect location
    2
  48715. I read that WSJ article. Clickbait...
    2
  48716. My rent on a 1-bedroom apt in Salt Lake City area just went up to 1400 (an increase of $225 or 19%).
    2
  48717. That person planning to raise the rent... Good luck
    2
  48718.  @MichaelBordenaro  true, it’s basically EXTORTION! 🤷🏽‍♂️ these politicians and laws force you to have insurance if you don’t you’ll get fines, etc etc total freaking scam! If I ever buy a property cash I would never buy insurance instead I’ll save the money for a rainy day! I absolutely hate insurance, you file a claim then you get penalize for using your own insurance! I mean, wtf! It pisses me off… years ago I got involved in an accident which wasn’t my fault, in fact, the lady didn’t have a license, let alone insurance. My premiums went up automatically after I filed. It’s such a scam!
    2
  48719. Hey Michael: Michael Morgan here. Just like any propped up BS economy, the folks that created it are gonna keep holding it up, and holding it up, kicking the can down the road, as usual. They will be fine when the dam does burst, because it's all about covering their azz, but more and more will drown in the chaos, as usual.
    2
  48720. Cool story dude
    2
  48721. same with used cars - no one wants them either
    2
  48722. A wolf in sheeps' clothing is still a wolf. Beware of main stream media. When they say something about the real estate and stock markets, it says more about the media than it does about the markets.
    2
  48723. Funny how people love capitalism until it works against them. Some wise points made.
    2
  48724. Thanks very enjoyable and informative, really liked it, +1
    2
  48725. Homes are flooding the rental market as well in vegas
    2
  48726. Great video.
    2
  48727. another excellent video!
    2
  48728. HOA can be extremely nasty too though and make living in a place you want to call home horrible when they make new charges and tell you what you can and can't decorate in your own yard takes home buying into home bullying shizzzz. But I do see where they are good too especially at keeping things clean and no B.S that some neighbors could be bringing in drugs and such things.
    2
  48729. I watch both of your YouTube channels, I love you guys! Waiting to buy again in Suffolk County NY (Long Island). The market is crazy big here!! I wish you guys would talk about Suffolk County Long Island New York 🙏😊👍🏻
    2
  48730. Michael, mortgage brokers need to save when times are good so they can handle the rainy days. We are in the rainy days now’s but you have to think outside the box. In these times, it’s very important to have a business relationship with your community banker or private money. Owner financing is a great tool in times like this. With a solid appraisal and a good down payment, some older folks can retire by carrying financing. However, be very careful, it can be a real hassle. I suspect most of these values are on the soft side so require a substantial downpayment and have your legal advisor double check paperwork. Michael, in California, rent control can be a dangerous component in this market.California has state wide rent control but local communities and towns and cities are tightening up the state wide rent control as well. I believe in increasing supply to bring rents down. Be careful carrying financing on income property due to rent control. Hook up with a Realtor who’s knowledgeable about his particular market area.
    2
  48731. 2:38 😂❤✨ I love your channel
    2
  48732. Dont worry tyson foods will buy the homes paid by are taxes for all the migrants they are hiring now after the 1000s of Americans they will lay off
    2
  48733. Pac west is being talked about. there is a lot going on behind the scenes.
    2
  48734. Hey I saw a video you uploaded about Satellite Beach, FL. I'm looking to relocate to the Cape area and don't know much about the area. Do you have other recommendations on the area?
    2
  48735. That is what I did. I rented my previous house and bought a new one because rents were way high. I am not using that income for my house expenses though. I am just letting it collect.
    2
  48736.  @MichaelBordenaro  Thank you for responding. I'm constantly watching and looking on all the home sales sites.
    2
  48737. Keep showing the crazy houses
    2
  48738. Welcome to Florida the most fraudulent state in the Nation. Where the working class people pay thru their nose to offset all this fraud. I’m a native so have seen it all.
    2
  48739. I live in Orlando in February 2020. Been through 2 summers so far. It does get super hot, but it is manageable for me. Having grown up in Syracuse, NY and just remember how miserable it is up there. Go to the beach which is only an hour away, get an apt complex with a good pool, nap during the day, do stuff in the evening. Stay hydrated. Very hydrated. As it stands right now, I have family in upstate NY, I can work remotely, so I will probably go to NY again for a few weeks in July/August.
    2
  48740.  @MichaelBordenaro  Thanks.
    2
  48741. Absolutely Love this video! Question? Can you do a short video on how Lgbt friendly Florida is? I hear it’s a great community. Keep on rocking mate!
    2
  48742. While they did take cash out probably, why didn't they sell once they saw they can no longer afford it? They would have cashed out and paid the loan off, might have either been a wash or would have had some cash probably?
    2
  48743. Definitely to the right of the Joker!
    2
  48744. Thanks!
    2
  48745. shopped ins. after 6 years, saved almost 60%
    2
  48746. The current regime, along with the media, changed the definition of a recession. They did not want to be blamed for their recklessness and poor decisions, and Jerome gets his new talking points emailed to him every morning. You can bet your last dollar if the "convicted felon" was in office, I'm sure the old definition would be completely valid and they'd claim we are in a "spiraling depression", the "likes we've never seen before". It's all lies, we are in a recession and have been for about a year, maybe longer. I fear how bad it will get if they manage to "win" again this year.
    2
  48747. I like the idea of right of first refusal.
    2
  48748. The cure for high prices , is HIGH PRICES !!!!
    2
  48749. Who has the money to buy these nothing little houses for millions and then pay these ridiculous property taxes and fees? I can only speculate it is drug money and foreign investors shielding their cash.
    2
  48750. Does all this means buying the house you also own the land from then onwards? Is it okay to demolish the house and rebuild your own design?
    2
  48751. So remote work was not for our benefit ,but to fullwill a agenda. They are masters of manipulation.
    2
  48752. Condo says. Nope. !! You actually own nothing…. Surprised Michael being in real a state. .. that you own something that someone else controls what you do …. Owning a condo today. Is like no !! It’s like a time share ! Condos are dieing in Ohio!!
    2
  48753. 13:06 LOL. It looks like a middle finger. 🖕 The people have spoken.
    2
  48754. Happy New Year!!! Great Video as always and stay safe....
    2
  48755. Thanks, Michael great video
    2
  48756. Thanks!
    2
  48757. Min 1;32 people bought homes at 2,3 3.5% but at peak prices. Yes cheap intrest rates, but at very high home prices, meaning the total amount of the monthly payment is still, still very high, plus tack on the new furniture that was purchased, the patio set and so on. With that said, now they're barley hanging on by a thread. Here comes Jerome's "PAIN" news, the media showing a totaly different realestate tune compared to only a few months ago, accompanied with lay-off news.... I can see forced sellers in the forecast, yeah I can see why people are concerned, very concerned. And its happening fast. I'll set the alarm and just hang out till 2008 arrives.
    2
  48758.  @MichaelBordenaro  I just booked my hotel for Melbourne. I really think I will like it there but like you said.. I just gotta go and stay for a while before I commit to a big move.
    2
  48759. Mike, head over to Sausalito, and Belvedere☝️‼️
    2
  48760. Two wings Same bird. Probably best we all turn to the LORD for proper governance.
    2
  48761. I don't understand, isn't that what title insurance is for when they do? The search wouldn't the title company be at fault?
    2
  48762. If the building has to come down will the owners get paid?
    2
  48763. Love your channel and views
    2
  48764. Congratulations !🎉 🎉
    2
  48765. If you don't pay your student loan debt. You're self sabotaging your futures.
    2
  48766. I`M A BOOMER AND "THIS VIDEO IS ABSOLUTELY BANG ON" ! THANKS MICHAEL; CHEERS !
    2
  48767. Good!!
    2
  48768.  @MichaelBordenaro  yeah, I also see both perspectives. I appreciate the advice, Michael.
    2
  48769. I have a question am banking with navy Federal credit union I have 19000 in my account but can't get a loan for 22000 any suggestions on what to do?
    2
  48770. @19:30 - Average annual household income $74K!! Really? Where?
    2
  48771. Thanks for another great video, Michael. I really appreciate hearing your point of view. You always make down to earth, practical, and common sense talking points. Keep em coming!
    2
  48772. This is so saddening. My condolences go out to those affected by this. I’m glad you and Lisi are OK. 😢♥️
    2
  48773. Nothing is free, especially from the government. There's always money involved one way or another. Never depend on the government to fix problems at home. Fix it yourself. Today.
    2
  48774. Great content and very informative! Thank you ❤
    2
  48775. I have friends even though they have a high mortgage when they hit around 20 years they refinance @ 30 years at a cheaper rate and can lower their mortgage $500-$600 dollars. Still better than renting and the house builds equity.
    2
  48776. HAPPY LATE BIRTHDAY Miss Lizzie!!!! I love it when Mr Michael has special guests. Thank you for the great videos and the scenic views of your walking adventures. God bless both of you!!! ❤
    2
  48777. 😁😁😁😁😁 I said 10% M rate and u Laughed ....Hit the Road !!!😁😁😁
    2
  48778. They have this other type of mortgage for elderly people that are stuck in a bad area. I know this woman her home was worth about 90,000 and she hated the area because it was dangerous, so the bank gave her money to go buy I think a $250,000 house in a nice area and then when she dies they just take that house and they sell the other house. I think that’s a good deal
    2
  48779. In ten years homeless population will quadruple in every single town.
    2
  48780.  @MichaelBordenaro  I agree, it's nice to visit, but I wouldn't want to live there either.
    2
  48781. The employment numbers are totally bogus! This is being fudged to enable a win in the upper election!
    2
  48782. New subscriber today. This guy is a common sense, show the facts, take it or leave it, it is what it is, presenter of facts. So refreshing to see compared to the carnival barkers screaming nonsense theories from the media. And im hooked on the walks of beautiful scenery while i dig out from snowstorms in the west. lol. Well done Michael!
    2
  48783. I rode out Wilma (2005) as a CAT3 when it hit S. Florida. It was bad, I lost some trees and had some roof damage in Cutler Bay.
    2
  48784. Just wanted to say you are my favorite YT channel. I guess because we share very similar views on the economy and the RE market (or maybe it's your sweet sunglasses haha). Not sure why some people want to bury their head in the sand - I don't consider your commentary negative, just very realistic! Anyway - really look forward to your videos every day. Thanks for making them.
    2
  48785.  @MichaelBordenaro  Thank you Michael for replying. You are so helpful and so are your vidéos.
    2
  48786.  @MichaelBordenaro  yea, i was just kidding :) i am samsung guy but i use mac book! Btw how things are going in miami? And you cant really kick the tenant our due to current situation worldwide?
    2
  48787.  @MichaelBordenaro  stress is something you don't want! Glad things are working out well. Hope to move to miami soon
    2
  48788. Jesus at first glance you scared me for a minute there Michael. 😜
    2
  48789. Snowing in Orlando
    2
  48790. WOW those houses are out of this world. It would be so nice to live there.
    2
  48791. I agree
    2
  48792. .75 fed raise today
    2
  48793. The weather is WAY BETTER IN CALI!
    2
  48794. Actually, it is good to see your hair can move. :)
    2
  48795. I'm an investor in PA. I own 2 buildings and live in one half of one of my rentals. Not my ideal situation as I want to continue my business model of buying duplexes and I want to.move to Mobile Alabama. My current strategy is improving both of My properties within reason while this nonsense goes on so that the heavy lifting is done before another business decision is made. I can and will be upping my rents within reason. I'm waiting to buy when rates and costs turn down.
    2
  48796.  @MichaelBordenaro  I look forward to all your videos, especially during the winter months, they help me get thru the cold depressing months.
    2
  48797. In my city house prices have continued to rise
    2
  48798. Thanks Mich!
    2
  48799.  @MichaelBordenaro  thanks.. got to suck it up make the most of it and know I moved here for a specific reason not become I would have picked it.
    2
  48800. How is your video always so crazy sharp lol
    2
  48801. #6 ha
    2
  48802. You should have come into town near Tyndall Air Force Base. We took the eye of hurricane Michael. Panama City Beach didn't take a hit from Michael. The town of Panama City is what is still damaged.
    2
  48803. Congratulations Michael!🎉
    2
  48804. The mortgage company and banks lie to the people, Fancy name for home ,,.,, equity HELOC Home equity line of credit.😢 The adjustable rate is ridiculous and it is worst when you get the bill. There needs to be contracts and education on the real estate industry..
    2
  48805. So how much money do you recommend to be making monthly to be able to comfortably afford condo?
    2
  48806.  @MichaelBordenaro  how about a 95k
    2
  48807. 😂 the breakdown of numbers in the beginning is awesome. 😂
    2
  48808. Inventory is low... it doesnt mean demand is high...
    2
  48809. This is great content 👏🏾 👌🏾 👍🏾
    2
  48810. “He that goes a borrowing goes a sorrowing” -Benjamin Franklin. Debt is handing over your freedom and power to a bank. I have no debt and plan on buying a home with cash when this thing tanks. Thanks for the advise on buying bonds. I’m stocking on silver right now.
    2
  48811. How will they jnow its vacant and length of time???
    2
  48812. This was a very political statement against Biden, but it is your right to say that. What I’m surprised at is the fact that Michael “liked” the statement. I guess he doesn’t want to represent Democratic buyers or sellers, of which there are a LOT in southeast Florida. People in businesses that need customers of all kinds do themselves a disservice by appearing to take sides in liking a clearly partisan comment.
    2
  48813. Business models like this spread like wildfire on social media. "Buy a boring business". Mobile parks are on the list. Now I've heard hedge funds are buying car washes and laundry mats.... What a world 🙄
    2
  48814. That was a great job of highlighting East vs West Coasts.
    2
  48815. If you got a new loan the title company or lawyer who did the abstract should have caught that, if not they're liable for that lien as well
    2
  48816. I like your content. I’ve been watching your content consistently. But do you care to explain why a bank won’t refinance a home that’s not underwater? And as far as restarting the clock you can always ask for a 15 year mortgage or 20 year mortgage.
    2
  48817. 430 views and only 66 Likes !!! SO HIT LIKE THE BUTTON !!!!!! 😁😁😁😁😁
    2
  48818. Very nice, Gentleman. Thanks.
    2
  48819. A lot of responsible homeowners were impacted and lost homes too. How many people today are well positioned to weather job loss + 50% loss of home value?
    2
  48820. I would love to you to make another video. It's very helpful
    2
  48821. Awesome content, speak the truth!!
    2
  48822. When the fast food go bankrupt you know something wicked this way come!
    2
  48823. Maybe they expect to die and figure they’ll live well in the short term until then. I met 1 guy who did that. He was in really bad health
    2
  48824.  @MichaelBordenaro  absolutely bro, I already envision myself taking sunrise and sunset walks doing just that
    2
  48825. can an owner do airbnb?
    2
  48826. Am retirement age & will never buy one of these things AGAIN! We're waiting awhile until the dust settles a bit but our area (in CA) didn't fall off the cliff with the rest of the state so we'll be OK when it's time to go. Timing is everything with any investment, but especially so with real estate.
    2
  48827. Regarding the dark living room .. I’d make that my bedroom, use the room with patio as l’rm !
    2
  48828. Good luck on getting the property taxes to go down. Dade County will never cut their budget. They will just raise the millage rate to make up the difference or your assessment is higher than your Save your home value which will not give the majority a tax break.
    2
  48829. Gorgeous area, Michael! Happy Friday!
    2
  48830.  @MichaelBordenaro  St Pete is where the Rays play (terrible stadium, though), and the Vinoy area is great, Dali Museum, along with the beaches and Ft Desoto Park.
    2
  48831. Don't know if "stilts" is the right word to describe those footings. They look like they could survive a nuclear blast. Definitely hurricane proof.
    2
  48832. Are you walking by Oleta State Park?
    2
  48833. So glad I paid off my Fiat 500. God is good!@ Is a Repossession the name of the sequel to The Exorcist?
    2
  48834. Bodega Bay is awesome place.
    2
  48835. Look at the truckers protest in Canada last year (vax mandate), the government closed their hard earned accounts. Anything "digital" that can be accessed via phone and/or internet can be tracked/traced and blocked. For EV vehicles, they have the greatest and latest technologies that can wirelessly update the software. If you disagree with the government, they can lock you out of your vehicle like FB jail (30 days). Thank you for your great video.
    2
  48836. Mr. B!
    2
  48837. Hahahahahahshahahahahahahah. That's pretty funny.😂🤣😂🤣 ..that house is nothing special....I think mabe they want to rent it to drug smugglers to use as a stash House..but something smells .... Red flags everywhere
    2
  48838. This was an enjoyable one today Mike. Looks like they might have called the cops on you at the construction site lol. Maybe Trump and his kids will all movie in together down the street from you. Thanks for sharing.!
    2
  48839. The same thing also happended when a property owner are late on their Home Owner Association payments, Your HOA can file your home or apartment in forclosure for late, due owned fees as little as $100 late
    2
  48840. Give me 2018 prices and I’ll buy with an 8% interest rate. Because you can always refinance your rate!!
    2
  48841. Hello Mike! Found your site and have actually learned things we did not know from you! We are retiring in 2022, and plan on relocating to Florida. We currently live in a rural area, and we would be looking for a small town, semi rural setting if possible. We are interested in the area from just outside Gainesville, East Ocala and down to Leesburg. Do you have any advice for us? We like our privacy, but at our age we need medical, grocery, gas stations, and animal hospitals within at least 20 minutes. I appreciate that you have some great information to share, and hope you may have something about the area(s) we are looking into. Thank you!
    2
  48842. But hasn't that happened before? Didn't that happen in the 80's with Volcker? I'm not saying it will happen again, but I think it's happened before.
    2
  48843. Today from Miami Shores
    2
  48844. Hair looks way better 🎉
    2
  48845. Yea when it comes to debt.... interest rates vary but the principal is the principal. I feel for anybody who bought over the last year. Patience is def a virtue, though rents are skyrocketing too. There's no escape for a lot of people right now.
    2
  48846. Great videos, Mike! For someone who is considering moving to Florida (and possibly buying during the downturn), do you recommend doing an Air BNB, or just stay in a cheap hotels as you travel throughout the state? I'm thinking I want to check out Miami, West Palm, Fort Lauderdale, Tampa, Clearwater, Melbourne...
    2
  48847. I have had fun watching your clips. Just keep up the good work.. Happy New Year!
    2
  48848. It appears almost all the homes you pass are NOT brick-and-mortar. Do they not build them in Florida? Too expensive? Low demand?
    2
  48849. Hi Michael another great video. All true. EVs are a waste of time and money only Tesla is the one to go for. 3 hour s a wait to get to charge station in Uk yesterday and it was not cold! it was a Tesla traffic jam in 3 locations North to South in UK.
    2
  48850. John here from the Netherlands. Michael to day 100 basis point change in 1 month T bills. This did not happen for 50 years
    2
  48851. Paying off others' student loans with government funds really pisses me off! Those who sacrificed to put their children through college, are now forced to pay for those deadbeat students who took out loans they didn't pay back. The real beneficiaries of all these trillions of WASTED dollars were the colleges and universities who encouraged and enabled these loans. These institutions have, in many cases, billion dollar endowment funds because of this incredible waste of money they harvested. If I were making decisions, I would audit EVERY one of these institutions and make them pay back these funds. Handing out student loans willy-nilly would come to a screeching halt!
    2
  48852. You entire house doesn’t even have to be in a flood zone to be required to carry flood insurance. I have serviced home loans for years and have seen it all! I rarely see insurance and taxes go down. I think a lot of uneducated borrowers don’t realize how much of their mortgage payment is non recovery and their principal payments are barely chipping away.
    2
  48853. WHAT UP!
    2
  48854. please do Florida vs. Texas!
    2
  48855. San Fran and NYC are really "overvalued" as they are always considered normally expensive. Good video
    2
  48856. I like bay harbor posted pics of it on my Instagram last time I was there in 2021
    2
  48857. Mmmm I've rented for years and base rent easily goes up 300 every month by the property owners for bullshit like amenity and pet fees
    2
  48858. How can the state verify that another policy was available for 20%???
    2
  48859. Really great video these Miami properties are blowing my mind!
    2
  48860. Your topics are good. Your explanation of topics is very good, ty
    2
  48861. I honestly believe is that we get here because of greed and the inability for people to reach a level and be happy with that. We need to balance the scales. Businesses have been living to high on the hog with the average Joe getting further and further behind for far too long.
    2
  48862. People will HAVE TO sell if more layoffs continue and taking unemployed people longer to get hired.
    2
  48863. Its only beginning 😢😢
    2
  48864. The system has to crash and burn many wont survive it. It will run those in power into hiding and then we can rebuild a new dream
    2
  48865. Nice neighborhood!
    2
  48866. hahahahaa!! music to their ears!! hahahhaaaa!! the world is run on money.
    2
  48867.  @MichaelBordenaro  Great mindset! Exactly, whats a piece of freakin paper!!?? The fact that you live together and committed, living life together is married in my mind!! 😁
    2
  48868. Good for you Bill! Expensive but you did it bill!
    2
  48869. The 20% threshold has always been an eligibility condition for Citizens insurance. You have also always had to shop each year for renewal.
    2
  48870. Yes, HOA robbers.. Who's Next..to go to jail, let's expose them don't be afraid
    2
  48871. That’s what I’m wondering. Who do they think will rent from them if people can’t afford the rent. Doesn’t make sense. Pure greed
    2
  48872. Do not bail any seller out! Most of this Covid purchases were made by PPP loan fraudster. Now law enforcement is closing in and they are trying desperately to sell way above. The reality is they will loose the house and will go the jail, while buyers will pick up the property at 2017 prices maximum
    2
  48873. If their retirement account is tax deferred, that could cost them 11k or more for additional tax which is more than a HELOC loan interest. And maybe they just wanted access to the money from a HELOC without actally using it or all of it.
    2
  48874. I wish there were a way to split the baby. Allow recoupment of legal fees if they can show the fees were paid by the homeowners. If the lawsuit is paid for by the roofers, no fees can be recouped.
    2
  48875. Where are you in FLA?
    2
  48876. 9:15 Real Estate in the west is like Crypto (Volatile). It's no longer a sound or logical investment.
    2
  48877. ​ @MichaelBordenaro And if they don't reserve the money and fix the structural issues called out in the reserves study in a timely fashion will they red tag the building making it uninhabitable?
    2
  48878. Honestly there are some similar channels that keep hammering doom and gloom and strike fear in a heart. Yes, it's good to be warned, but it is so much better to encourage viewers to adapt and have hope and learning. Thank you
    2
  48879. That what I'm talking about...
    2
  48880. google/youtube,, anyone notice more often the titles dont match the video. AI is running the show and its got a glitch
    2
  48881. OOOOOHHHHHH....'you mean'... when all this BS starts effecting or affecting "their" bottom line...TTHHHEENN we have a problem...ohhhhhhh...I think I get it now,,,,maybe GOV can write a check, and BALE/BAIL them out ,,,wait,,,
    2
  48882. I got a '96 z28, 1st car I'm learning on myself. I've learned if you do most of the work yourself ot saves you tons of $$$. I do pay a mechanic from Facebook from time to time, definitely cheaper than a dealership. Been a few months since I drove it but definitely love the car to death ! ❤ just the fact ur car runs this long regardless of accidents & maintenance shows how reliable & durable it is.
    2
  48883. My increase was 2% in 2024. Increase for food cost is over 25%
    2
  48884. Thank you.
    2
  48885. Is Rent A Center still in business? The buy now pay later is not new. That industry always appeals to the instant gratification crowd with no sense. Same with the payday loans. These are bad business practices with no ethics and should be regulated out of business.
    2
  48886. I remember the Howard Johnsons/Dezerland hotel. It had old car, automobilia decorations inside. There was public parking on the street they gave to the developer. Good point about the Fed. Those crooks have caused every housing bubble since 2001. The one wild card is a hurricane. If any major city in Florida gets one it is good-bye insurance industry and good bye mortgages. Like you I watch the Fed's balance sheet and the 10 year yield. I think the Fed will do whatever they can to prevent their bubble from deflating.
    2
  48887. We have been receiving notices in the mail saying they would pay big cash for our house. “No thanks!” Happy to start to see some of these rents/house prices stagnate, even if it’s just a little bit.
    2
  48888. Thank you for information. I hate mobile homes
    2
  48889. Michael, excellent video. But remember, no one cares about the long run. They are borrowed to the teeth. They need money right now, forget the future. That handout will keep them sailing to social security. That's the plan for many. Kick the can down the road.
    2
  48890. No the politicians know the economy is bad. They're patting themselves on the back at how good they are at stealing from the poor and keeping us from tearing this country apart and holding them accountable for their crimes.
    2
  48891. Also...I know you don't want to feel negative, BUT, especially since you live so close to the area, we DO appreciate your updates Promise! That being said, don't feel like you have to always talk about it, if it makes you feel more depressed. However, we are here for you, no matter what you want to discuss. Sometimes it helps to get things out to people who will listen. We are your peeps!
    2
  48892. maybe if the interest rate goes back to 3.75% I will pt my hands down on some house
    2
  48893. It’s so interesting the deeper we get and the longer we go on in this market, it seems obvious as to how they would accomplish “Americans owning nothing” and being extremely happy about it 🫣
    2
  48894. Well, new homes. I don't want one of those.
    2
  48895. If I were you....MOVE OUT THERE...😥..I love small 🏠 house.... NOT EVEN IN A MILLION DOLLARS.....I GREW UP IN A HOME 🏡...I'M NOT A HIGH RISE PERSON ....👎 ⛔ 📵
    2
  48896. Hello Michael and Lisi! 💝 Michael, your videos are right on point and real! Thank you for the great videos!
    2
  48897. Agree on Marin. My job is in Palo Alto. Awesome weather!
    2
  48898. You have to be insane to buy in this market. I’d rather stick needles in my eyes.
    2
  48899. My family and I are gonna purchase our 2nd home around Orlando Fl . We are gonna rent out our home in Temecula Ca . I’m still second guessing it , little nervous about the move . It’s true about California, we can go snowboarding 🏂 in mountains 🏔 in morning and surfing 🏄 ☀️ 1 hour later . Thanks for keeping it 💯
    2
  48900. Like always, great content!
    2
  48901.  @MichaelBordenaro  God AWESOMELY BLESS you & yours
    2
  48902. nice ending 🎸🤘🏼
    2
  48903. Good l Lord that trip was insane and I’ve got a few more stories . Our ship survived by hiding behind coves and out sailing the massive winds . We made it to St Barts by New Year’s Eve . There were yachts. Barbara Streisand, and the like . I got off the sailboat ⛵️ ASAP with another pAssenger in a dinghy . He was determined to walk up to A famous rappers yacht , so there we went . They were smoking . The guard offered Jack some he took a puff . Then the rapper made a hand gesture ‘no more ‘ thankfully I was too seasick to partake . We left and the crew finally found jack in the ladies room full of 🤢he was ill He claimed the rapper tried to kill him . lol I had a revelation: the rapper actually Saved his life , by stooping him from taking another puff . That trip was crazy getting to the airport was intense . I desperately wanted to go home . No taxis do I threw my luggage into the back of a truck , hopped in . The 👨‍⚕️ vet was headed to the airport . Anyway my cruising days are over .😉
    2
  48904. im 1st hi Michael
    2
  48905. The Govt was really the worst culprits with Covid Relief funds. All of them should be in jail that blew threw that fake printed money.
    2
  48906. We have the insurance problem here in Chicago. I’ve never had a ticket or claim in 20 years. But with all the carjackings, theft of catalytic converters etc. everyone’s car insurance is up like 30% .
    2
  48907. 👏👍!
    2
  48908. Wassup, I’m 19 years old & have been considering a move to FL for a minute now. I’ve been leaning towards that south florida type of atmosphere, but Tampa does not sound bad at all to me. What’s your opinions on Ft. Lauderdale?
    2
  48909. Gas will go down until the midterm elections. Then it will spike.
    2
  48910. Bubble n Bubble n Bubble n Bubble n Bubble..
    2
  48911. I’d love for you to go back to your roots in the Midwest to see what you can get and for what prices.
    2
  48912. Hard to get out of debt when u make only min amt. Can't afford more..
    2
  48913. Lol by the way… you just can’t escape the leaf blower in your videos lol I could see you smiling about it at the end 😂
    2
  48914. I watched the debt clock for 15 seconds and it went up 400 thousand $.. each tax payer is in debt 270 k all others 90k.. next year the interest will be #1 cost to the gdp of USA. 🇺🇲 So find a substitute for money.👽
    2
  48915. As a former Floridian, towers built on sand have always frightened me. Maybe if they are built with steel superstructures...
    2
  48916. That explains the man lurking in the bushes outside our house. I think.
    2
  48917. Great show
    2
  48918.  @MichaelBordenaro  Thanks Michael, I'll be continuing to watch your channel!
    2
  48919. There won't be enough resources to audit ppp recipients abd reconcile against real expenditures so the money is like vapor. Poor oversight was intentional by the congress.
    2
  48920. I found a "dream house" here in Colorado.... very unique and amazing property. I've been watching it for months. Price has been declining last to $589k.. I offered $490k and they accepted. It's a property in estate and son wants out before winter. I've been "sitting on sidelines" I sold my house in June and made great profit. Is it too soon to buy? I'm renting and in lease until March 24. House sold in '21 for $530k.
    2
  48921. Edward Phd channel completely copied your style on this channel.
    2
  48922. Never liked HOAs and living in high rise condos, etc. I live in rural Florida in a CBS block home on 4 acres. With a house you have control of your maintenance, repairs, property, etc. Be careful and stay away from sinkhole prone areas. Stay safe.
    2
  48923. 5 :53 that dog and woman in the background hahahah
    2
  48924. Tacos at my favorite taco restaurant are up to $3 a taco! They were under $2 in 2019...... Thats all you need to know about inflation =****(. Viva la tacos......
    2
  48925. Well we haven't had our full reset yet and let alone we're still on the printed dollar they say that the US can save a billion dollars a year just by going to the digital dollar let alone the amount of fraud locally that could be stopped with that
    2
  48926. I have sellers remorse
    2
  48927.  @MichaelBordenaro  I downsized from a 3 and 3 with a garage , small yard and lots of space to a smaller condo 2 and 1.. no garage , smaller and way more manageable, but I'm missing the townhouse... Looking to the future though.. and for the market to get better to find a 2 and 2. Need the extra bathroom. And would love to have a garage again!
    2
  48928.  @MichaelBordenaro  exactly. We all make mistakes. Life teaches us as we go along . And yes , looking forward to the next new adventure in finding a new home when the time is right . Thx for your insight and advice. Appreciate ya
    2
  48929.  @MichaelBordenaro  thanks ! I like your videos. Very educational and informative
    2
  48930. I read the same story that he is speaking about. 🤦🏼‍♂️🤦🏼‍♂️🤦🏼‍♂️
    2
  48931. Hi Micheal I watch your videos every day and this video really hit home my mom died in January, and she left me and my sister 4 properties she doesn't want to have any of them and wants me to continue to pay rent on a property I now own, she wants me to buy her out, need less to say we are headed to court.
    2
  48932. How about homestead exemption?
    2
  48933. Newton's Third Law: Action & Reaction His third law states that for every action (force) in nature there is an equal and opposite reaction. If object A exerts a force on object B, object B also exerts an equal and opposite force on object A. In other words, forces result from interactions.
    2
  48934. Thanks!
    2
  48935. You gave me an idea of a song to play tonight. Spinning Wheel! What goes up, must come down.😆😆😆
    2
  48936. AND its too damn hot.
    2
  48937. Great info!
    2
  48938. Marriage isn't about money. Yea who wants to not be secure living on the streets. My parents and my aunts were married for one 50 years until there spouses died. No I think none of these new jacks will make it as long as my parents or my aunts.
    2
  48939. Very good. In Florida if you decide to sell when you are in a good equity position with a plan to wait for a market recovery Do you lose your the portability for your Florida Homestead Exemption....I believe so . I think it is 180 Day you have to repurchase or lose it , which is a benefit that would provide a much lower property tax bill , You may also be strapped with capital gains tax.If you repurchase within 180 do you still have to pay capital gains i. I sold at the peak of the last bubble a Oceanfront Condo in South Palm Beach 1300 sq ft, with a great panoramic oceanfront view ,A buyer offered me a price I could not refuse At the time rents in the Palm Beach were very reasonable. for a high quality place, I rented for the next 5 years , I repurchase my current home before the recovery. Which was a very high risk time to buy,
    2
  48940. You are absolutely correct bro….
    2
  48941. Congratulations on your youtube 100,000.
    2
  48942. Merry Christmas 🎄 what’s happening over in California is definitely crazy. I enjoyed your video today, great content as always.
    2
  48943. it was just a matter of time, Michael, and thank you for covering this city.
    2
  48944.  @MichaelBordenaro  I'd say really bad driving and car crashes. You would have endless material. I think people are curious, especially from out of state. Even if the local news covered it, you could still do a video with your commentary. I remember about a month ago some guy was driving a mustang super fast in a residential area in Miami Beach. He hit a Porsche and an Audi. I think the police chased him on foot. We just don't get news reports like that here in NYC, especially with exotic sports cars.
    2
  48945. Mike awesome vid brother! I appreciate you
    2
  48946.  @MichaelBordenaro  I will check them out!
    2
  48947. high rise living anywhere is pretty awful plus highrises equal special assessments and that's enough to stay away
    2
  48948.  @MichaelBordenaro  I live in a 27 story highrise and I hate it issue after issue where I live
    2
  48949. Theonlyonestanding yeah I live in buffalo and winter is crazy but Christmas time is awesome 1 because it’s Christmas and because the snow fits the aesthetic very well.
    2
  48950. I appreciate the updates from Michael- but please, see the big picture globally… there is a place to read about these times- Matthew chapter 24 Thanks Michael -for letting me share the good news!
    2
  48951. It was in the 40s here last night and I had to put on a heavy fleece and a heavy comforter. Tonight, it's low 50s. I have a few windows open so I'll have a blanket though probably shorts and tee-shirt. Nice cool spell in New England and unseasonably cool. We don't need to run the AC during the day and we won't need to for the next 10 days.
    2
  48952. Why not move to Nevada. Sources say we have about 50 days water left in Lake Mead. There may be some reserves in Lake Powell. Unknown as fed employees issue a revised statement every few days. There did ask for states to reduce their usage 20% ..........then it became 15%. This is not a 15% or 20% problem. Reminds me of the federal reserve.
    2
  48953. Michael, you sparked my interest about the restaurant you drove all the way. Checked the menu and I am going to try the fish dinner! Since I am in South Broward, it's not too far. Thanks for mentioning in the video.
    2
  48954. Thanks Mich
    2
  48955. Love the beach reviews!
    2
  48956. We still don't know the cause yet, do we?
    2
  48957. i would definetly love to see a video or 2 on the Keys.
    2
  48958. *about
    2
  48959. Great segment on the un boxing Michael ! Congrats 👏
    2
  48960. Mr. Michael the only advantage is that in California property taxes can only go up 2% per year so over time it becomes more affordable. The powers that be are trying to change that. All other taxes in California our to high. In California if gas was free it would cost almost 2$ a gallon. I still haven't found a state with the topography and climate of California so I am still here but spend 1/2 of my time abroad. It is cheaper for me that way. Enjoy your insight keep up the good work! 👍
    2
  48961. Do I sense more sarcasm coming out of you these days? Great video. You could do stand-up.
    2
  48962. Parents ... taught me .. I'm doing JUST FINE !
    2
  48963. Really interesting information! Thanks Michael
    2
  48964. I've been visiting St George two months ago and a lyft driver said exactly same thing: we have no water, we're gonna be f.cked in 20 years
    2
  48965. In the 80s, there were a lot of government backed loans for housing that had a sliding interest scale depending on income. As you made more money your mortgage went up, so it got less desirable over time but it got you in a house with reasonable cost. I bought a new small house with an intial mortgage payments of 235 dollars a month. House was 38,500. No cooling, baseboard heat, one bathroom and 3 small bedrooms. 1050 square feet. Government needs to help lower to lower middle class for them to be in the market at all. It got me started.
    2
  48966. Next time you come to San Diego make sure you go to the beach is from La Jolla to Carlsbad stay along the beach freeway this is true California also passed LA Oxnard an hour there’s beautiful little beaches and back past Camp Pendleton from San Clemente along the coast beautiful little beach towns hopefully this helps your true Alta California your videos have help my decision
    2
  48967. Home prices are indeed going down but rent is skyrocketing. I work for a real estate firm that buy and reinvest and then raise the rent here in nyc. Average 50% increase over last years rent. But guess what ppl are paying it.
    2
  48968. Wow, those are some high water bills. 💧
    2
  48969. California is a beautiful place with lots of fun stuff to do. Beautiful beaches and weather. A good amount of homeless people came from other states via One way bus ticket because it's the best place to be homeless. Who wants to be homeless in the snow, cold and hurricane? California attracts everyone from around the country and the world and that's why life is harder there financially. Too many people competing for Jobs, apartments and even freeway space. The people in the right place is able to take advantage of this. There's a saying in California. "If you can make it in California, you can easily live anywhere in the states successfully except New York." Florida, Texas and Arizona is becoming the next California. It's not going to take long.
    2
  48970. I'm in the Albany, NY region. Home inventory is picking up from what is was, although slowly. Existing home prices are beginning to fall. New listings seem to be priced about where they should be and were prior to 2020. New construction is still priced very high and isn't selling. Rents continue to increase along with all other expenses. People in the grocery aisles look seriously distressed & layoffs haven't even begun here, yet.
    2
  48971. When indeed…that is the question.
    2
  48972. In California, the “law” favors the thugs, the homeless, the $999 thieves. Not surprisingly they are now threatening landlords. The war against tax paying, law abiding citizens is reaching new levels. Mexico, even with it’s drug violence, might not be such a bad place after all…..given our increasing gun violence, it might even be safer. 😕
    2
  48973. Can you do an updated video for 11/2021. I like your videos and love Florida.
    2
  48974. Michael, you are indeed correct. People will look for numerous ways to save money which will lead to a domino effect on job loss.
    2
  48975. 🔥
    2
  48976. Mafia Mike. Gloom, Italian Style.
    2
  48977. Do you encounter many cyclists on A1A? Do the drivers and cyclists tend to coexist well?
    2
  48978. An emergency is when one runs out of beer with no more money. That is the time to get a heloc only
    2
  48979. Michael take your wife to Huntington Beach and Newport Beach she will love e it there.
    2
  48980. You are 100% correct. The wild cards are definitely the inconsistency of the Fed, and the government manipulation.
    2
  48981. When I get what you mean that this lending is not helping but killing people....I cant agree that high downpaymant and low income should be elimitation of owning home. There were places and times in the history that people even very poor were owners of property and didnt loose it and didint trash it. But you can see base on what just happened in Hawaii that even reach people with down payment and decent income cannot be owners forever if the "lords" decide.
    2
  48982. One Yr Later Dania Beach Native Here Been In Orlando Now Since 07 Really Miss It Out There🌇💿💻🗻🐼🐴🔮🎉💝😍🗽🎄🌆🏨
    2
  48983. Very nice Thanks for showing those units
    2
  48984. It's all one big show/lie.
    2
  48985. I really enjoy looking at everything thing you put out. I feel you do a good job of being honest and real. I also think you express yourself in an interesting way which a viewer can appreciate. I am looking forward to see what you are doing on your new channel.
    2
  48986. If my phone number is, like millions of others, on the do not call list....leave us the f alone!
    2
  48987. Yep 👍 been there. I live in Big Sur, California
    2
  48988. Thank you for this video, Michael. Just became a subscriber to Travis's YouTube channel.
    2
  48989. Two good books on the history of the Fed sre "Creature from Jekyl Island" by HG. Griffin and "Secrets of the Federal Reserve." There are others. Ron paul spent his career trying to get rid of the Fed.
    2
  48990. In Maine just paid $3.79 a gallon for gas
    2
  48991. Hi Michael, Glad you’re speaking about George Gammon in your video, you’re assembling all the pieces of the 2023 housing puzzle 🧩 . Following you from Belgium 🇧🇪 and sitting on cash to start my investing journey in Florida. Marc
    2
  48992. Thank you! @MichaelBordenaro 
    2
  48993. The state will declare the condos unihabitable and condem them, making residents vacate. The statecannot afford another Surfside debacle.
    2
  48994. Michael, you are doing a great job at trying to save the entire country from complete and total collapse. I don't know if it's possible. But your doing your share sir. That's for sure. "Nobody really knows", "Uncertainty". Sounds solid. Imagine if they used these Honest terms describing the collapsed banks and depositors money. Instead of 'don't worry' and 'we will cover all your losses' like fed officials said. That is going to be a whole lot, lot, lot of covering like never before seen in history by American taxpayers.
    2
  48995. Downturns always flush out fraud and trim waste. Ex. Zombie companies can be lost and new companies will come in that actually provide utility people want.
    2
  48996. This is unbelievable 😳. So sorry for the people living there, families, and friends! So glad you and Liz are ok!
    2
  48997. Or have a smaller wedding that doesn't cost a lot.
    2
  48998. HOA fees,home owners insurances,property tax increases are scams upon USA citizens ‼️
    2
  48999. Unless the mortgage rates back up 3% or more, you still have the majority of viable homeowners holding 3-4.5% mortgages on house that cost the same or less than today. If the rates pullback that much then there is another crisis going on, i.e. recession, world War, etc. Take your pick!
    2
  49000. Yep. I see it too as a remote worker :D The good thing is I can be anywhere I want.
    2
  49001. Wait till the 2023-2025 recession.
    2
  49002. Happy birthday darling $$$
    2
  49003. Nice video my man! So yeah bro... People say the West Coast of Florida is kind of like the enclave of the Midwest. I agree with this. Almost every single one of my friends is from somewhere in the Midwest! They also say that the East Coast of FL has more people from the northern East Coast. It all makes sense. Having that said, over the years; I have met approximately 15-20 people who have lived on both sides and not one of them has ever preferred the East Coast. Seriously lol. No joke. They always prefer the overall vibe and atmosphere of the West Coast. That is especially true for people who have families or want to start one. Of course, it all depends on your overall perspective. I haven't really ever had much of a problem with red tide at all, but yes it is a cause for concern. Anyway, remember what 2pac said. West side is the best side! Lol. Come on over!!
    2
  49004. THANKS MICHAEL ❤
    2
  49005. For the algorithm.
    2
  49006. Because the government want to keep taxing you for property that’s why it keeps going up. Imagine you pay 22,000 per year in tax that’s almost 2000 dollars a month for property tax. So they then raise the value of your home were it’s now 45,000 a year for property tax how in the hell is that even fair? None of the homes built 15, years back worth as high as today’s fake market the people collecting property tax are the only winners here. Insurance charging higher than than the sky. But it’s just real estate lol owning a home is a scam.
    2
  49007. 1000 a month for property tax I have to go back to work just for that and that's just a small part
    2
  49008. Ain't that silly, in south America home insurance does not exist houses are made like real houses are concrete from foundation to the tip of roof , property taxes are dirt cheap , and you don't have to do your roof every 20 years , and at least in Uruguay you don't do anual incometax , not to say that university is 100% free , there's is no renters application fee , dogs don't pay deposit , and they don't pay rent like here they do , 😲 , I'm starting to think maybe I'm in the wrong place , the true I'd it wasn't for my daughter I will probably exit the country , USA may not be the American dream anymore , lol , and let's hope USA don't engage in a war with Russia cause if that happens it may be time to exit , cheers
    2
  49009. Michael thank you for the time you put into your videos . Very informative. I had a question about interest rates . Should I go to my original lender when I want to refinance? Also can you pay down your interest rate at or before closing once you lock in your rate ? Thanks in advance
    2
  49010. My guy i think those where chickens right?????
    2
  49011. Great to see Tiberon Salsalido have visited nice areas at a price right !👍 Who can afford 40k tax pa
    2
  49012. You pay for car insurance according to what type of car you drive.
    2
  49013. I like the it as is
    2
  49014. Yes, l'm 65 and you're correct! I hate it but it's something l live with now.
    2
  49015. Great video, I don’t see them selling of the balance sheet, that is the only reason I don’t agreed with prices going down , I don’t see a housing market crash because of it
    2
  49016.  @MichaelBordenaro  the balance sheet when up 30 billion dollars in June
    2
  49017. Homestead your home.
    2
  49018. Such a nice neighborhood!😊
    2
  49019. Excellent advice❗️
    2
  49020. Go for it. I have been to Jacksonville Beach, Tampa, Clearwater, St. Pete's Beach, St. Petersburg, Miami Beach, Fort Lauderdale, Hollywood Beach, Orlando, Coca Beach, Daytona Beach, St.Augustine and St.Augustine Beach.
    2
  49021. How about trying to have all three and relying on God instead of spreadsheeting everything
    2
  49022. This is sooooooo cool ! My daughter Darlene has played the cello since fourth grade . Darlene is currently playing cello in an Orchestra
    2
  49023.  @MichaelBordenaro  yes she is my musician . When she started in middle school she picked cello . Yikes ! The cello was bigger than her . I tried and tried to convince her to play the guitar and start a band . Now that could be fun .
    2
  49024. Thanks!
    2
  49025. Hi Michael. Great video. Love the shirt! Something your viewers might like is a topic on Manufactured vs Modular. Manufactured is a new word for Mobile, which has federal HUD standards. Modular is held to all the state and local building codes as on-site, real property homes. I want to build modular because it's all contained in a warehouse with no weather concerns and labor inconsistencies. Would love your expertise on the topic!
    2
  49026. On your walks you mostly do single family homes they are alll very expensive . can you do some condos and some non high rise condos or townhomes.....and some entry level property that is mid priced. Thank you
    2
  49027. Hey Michael really like you videos interesting subjects but the last one is boring we don’t want to know about your history better live it private and focus on real subjects like why living such strong city New York for Miami where I have to learn Spanish to make it we need to know about the scene like bars clubs ....
    2
  49028. So you can pretty much drop the anchor anywhere off the coasts of Florida for free?
    2
  49029. Michael Bordenaro Aw man! That’s disappointing. Thanks for the information!!
    2
  49030. Nah they will just change the definition of recession again.
    2
  49031. Thanks Michael!
    2
  49032. lol be careful near the water there, Michael, the American Crocodile is a resident of Biscayne Bay!
    2
  49033. Great advice!
    2
  49034.  @MichaelBordenaro  I mean ya do live there so I guess I’m not one to judge but I disagree to some extent. I mean Florida also has a big history with music like Florida bass and EDM. Sure it’s not like LA but I don’t think that makes Florida’s music scene meh entirely. Especially not in Miami since it has its share of mainstream artists.
    2
  49035. Well your not going to stop me from moving to florida
    2
  49036. How about California lowering their taxes and price of living there instead of trying to push it off on the private sector. they rob you blind but they're worried about others robbing you Blind
    2
  49037. He's right. Left one set of Christmas lights up around a tree and they complained
    2
  49038. $pend it, Michael!
    2
  49039. When the price of Guinness rises, does it get better?
    2
  49040. Mortgage rates should be over the rate of inflation.
    2
  49041. Articulate, thank you..... you know you could likely still model... smile
    2
  49042. Mike, the realty is signing a prenuptial is not a bad thing bcz no one wants to be wiped out clean in a divorce plus marriage is not a sure thing that two people will stay together till death do them apart. It's just not possible bcz too many variables are in the context.
    2
  49043. i bought my 2nd house in 2017. even if i could buy it for the same price now i couildnt afford it @these rates. but i did take advantage of the record low rates. we refinanced to a 15 year @ 2.5 in 2020
    2
  49044. My wife and I are retired both 62 ! We eat out only on a deal ! Texas road house before 5 pm they have steak dinner with 2 sides for $12.99! Check for specials ! Longhorn has good lunch specials! There’s deals out there just check your area !
    2
  49045. Here’s the thing the insurance in Florida it’s almost impossible if not extremely expensive. That’s going to kill all those deals
    2
  49046. Michael we need some good news man! Nothing but bad news lately!
    2
  49047.  @MichaelBordenaro  yeah it’s still there. It’s usually really busy all week so I’m guessing they do a lot of business. TJMax is one of the better run retail stores so they may have found slick ways to keep the high value stuff from getting stolen.
    2
  49048. I have an investment property. I don’t know if I’m just too cautious but I have saved aside the profit, until I am ready or see something I feel is a good thing to invest in. People have a tendency to spend the profit, and not have a good “cushion” set aside for the times like we’ve just experienced.
    2
  49049.  @MichaelBordenaro  Quick question: Since if you sell an investment property, you do a 1031 exchange to buy your next property correct? Also, you have to put down at least half to qualify through a bank or brokerage, am I right? If you have enough profit when you sell, could you split the profit between two properties, as long as one property exceeds what you paid on the property that you are selling?
    2
  49050.  @MichaelBordenaro  yes! Great minds think alike. If I see the right properties to do this I will. My conservative side always tells me to make sure whatever profit I make needs to cover the payments or my own income cover it. This is just in case something happens like what we’ve had for the past years. Too many investors “stacked” if you know what I mean and their house of cards came down.
    2
  49051. Did you know prop 19 Ca California Association of Realtors Paid over 40 Million Dollars in favor. In a Super Pac Thanks Realtors for screwing with my prop 13 And the public service unions.
    2
  49052. I went to sanibel island beach and I was not impressed. I liked Fort Myers beach much better. But I did notice in sanibel their was a lot of luxury cars.
    2
  49053. Haha! "Sounds like a politician right there". 💯!
    2
  49054. Blustery wind here at high mountain, desert forest plateau hideout, NM. No beach. Thanks for the water views. Fiat currency collapse continues....that is it. So, yeah, inflation is high and going...higher. See the price of gold.
    2
  49055. California going down hill fast
    2
  49056. Evictions, squatting, immigration…. This doesn’t look good.
    2
  49057. Thank you fabulous content
    2
  49058. 3:50. Distracted again. Beautiful classic 911.
    2
  49059. The fog in the background of you and scotts video was neat as well
    2
  49060. Who's that hottie coming out of the water?! Lookin' good.. both of you. You have a beautiful wife!😊
    2
  49061. Boy the Fed's right on top of things as usual.
    2
  49062. I hate the government and believe they are our enemy. The government mucks up everything
    2
  49063. the unknown migrants will work for half the pay with no benefits this will bring prices down fast.
    2
  49064. Great video ! We are moving to the US from Canada. Could you recommend nice state , city to move to. Climate to be better as in California :) thanks
    2
  49065. Michael: "Obliterating the economy", perfectly said and that IS THE FED'S PLAN!
    2
  49066. Hi Michael, We love your videos and knowledge of the housing market. Can you focus on the condo market in SE FL.? I wonder if/when thos prices will come back down to earth. Are people actually able to take HELOC loans out on Condos that they bought in preconstruction? Will this eventuality drive the prices higher/lower...We are just waiting and ready to purchase when the price is right for us. Thanks again for all you do.
    2
  49067. Thanks Michael 👍
    2
  49068. Just wait for these hurricanes to get out of control as the ocean temps warms and when the power grid gos down for weeks....you will see mass immigration of people leaving that state . You cant survive in that state without electric > no air conditioning in a hot climate .
    2
  49069. I live in Hawaii with the exact same conditions as Florida. Like yourself I’ve lived in a few high rises. The highest being 37th floor. After 911 I was spooked about people jumping because the fire was so hot. I mean burn or jump? That’s crazy. Then at some point I became aware that that building which literally stood on a cliff no less and had some side supported by a rock wall, had a history of questionable integrity some years prior to my purchasing that condo. WTF?!?! Done in the garage I started looking at the walls and became even more freaked out that the building would fall. I had nightmares about it. I have moved since to a 4 story that is right on the shoreline. I see cracks in some walls but since I live 3rd story of 4 not as creeped out about a fall as I am now about a tsunami. Literally no place on the dinky island would be good for a hurricane. Anyway I digress. As an RN I’d have to say it sounds like you actually have PTSD. Maybe some therapy? I’m sure what I said didn’t help. And if that not enough I might suggest educating yourself from this other You Tube channel if it doesn’t scare you too much. BUT he damn sure tells you what are the bad signs to watch out for https://youtu.be/ZAIJsaSo4Sw. Seems in that area The water table is the big one. That along with the HOAs not keeping up with expensive repairs. You are right though. That other channel called building integrity had a lawyer on it the other day and the were talking about possible to start seeing whole buildings condemned because repairs will be more than the building is worth. Also in a different episode these engineers talk about what’s below the high rise. You’ve gotta go to their channel it is so super informative. Building integrity check them out
    2
  49070. it really is surprising how much people ask for those dumpy little Miami Beach homes today. Although we are not getting one this year, sooner or latter "The Big One" is coming to give Miami a clean sweep like in 1926.
    2
  49071.  @MichaelBordenaro  Ty Michael didn’t think of that , very true
    2
  49072. The problem is that the market is so so over priced and hyped.. it will take a couple of years to bring prices down to reality.. for exampe.. the houses bought just in 2020 went up from 200k, to 500k that is CRAZY.. it will take a long time to bring it back to 200ish or REALITY in REAL ESTATE should be called FAKE ESTATE
    2
  49073. Awesome video Michael!
    2
  49074. Ponzi implosion, totally unsustainable greed
    2
  49075. A lot of people have lost money with the type of check scamming
    2
  49076. Dude there are 2 million $ cribs in Torrance
    2
  49077. love your chanel!
    2
  49078. I remember a year ago economic ninja saying buy bitcoin at near 70,000.00$ I questioned him and he persisted. All his subscribers heard him say buy all the way down. 60k, 50k, 40k, 30k, 20k$ You can't make this up!!!
    2
  49079. be aware of the home inspectors ,I was told a smoke detector that there was no moisture on the meter , where I seen a ring and they told me it was a battery leak as did the realtor,well when it rains it's a steady drip,so I called the inspector and he came back out said it must be the plastic vents, months after the purchase, he said he can only identify a leak if it rains, taking no responsibility at all.
    2
  49080. Anytime man ...
    2
  49081. What about the cost to charge every time..
    2
  49082. As for HELOC, would you recommend maybe taking out a $50,000 heloc to buy bitcoin? Then sell the bitcoin at $100,000.00. Then pay back the 50K heloc and net $50,000.00.
    2
  49083.  @MichaelBordenaro  If you guys come to the San Diego area at all, let me know. I'd love to meet you both and buy a drink, coffee, tea, lunch, or something. You have given us all so much! You both seem like wonderful people!
    2
  49084. Around 37 minutes in
    2
  49085. Thanks for another great video!! Happy Birthday Lizzy!!🎉👏🏻🥂🎂
    2
  49086.  @MichaelBordenaro  is it possible for Australian to buy a property in Florida? Here in Melbourne/Australia properties are very expensive, average price for 4 bedrooms single level home with double garage 750-950K AUD.
    2
  49087. Omg! They have the BEST milkshakes!!!😋😄
    2
  49088. most assets will fall dramatically (specially equities and real estate). hard money is going moon
    2
  49089. You should pay a dime. Subscribe to his members section and forget about it.
    2
  49090.  @MichaelBordenaro  Hi Michael, as someone who enjoys living in Pensacola Beach, this is true and well said. Also, I am glad to see consistent growth with your subscribers. I feel like I have been watching from the beginnings and your content is always new and fresh.
    2
  49091. I really enjoy your channel. I own my home and I own my cars, and most likely have the last car I will need to own. But, I have been wondering why you and other real estate/finance video channels keep saying one must keep up their credit scores. If other people are in my same position, why is it important to keep their credit scores high? I'm a little confused over this train of thought. Keep up the great video chats and narrations.
    2
  49092. We looked into it once...it was soooo expensive and made more sense to just invest that into an index fund...thats what we did.
    2
  49093. Way to go Bro. Loving the walking tour. Absolutely gorgeous there in Breckenridge. It would be fabulous in the winter time. What has been your favorite scenic road so far? I think because you work out regularly, you probably are not feeling the elevation so much. The part of Maryland I'm in is close to DC, Maryland, and Virginia; and, this about 1.5 hours from the fresh air of West Virginia mountain air. So I know what you mean by fresh air of the mountains, nice and crisp. I'm not a skier, but I could appreciate the mountains and quaint town of Breckenridge. Like you said, the Haves and the have nits seems to separate our cities and our small towns. We have to Pay to Play. LOL I believe you are doing OK with the content mixing up. Trying to satisfied your viewers, is good. You know your audience better. I'm probably in the minority, I enjoy learning of the different places and seeing the nature. I see the beauty of the places and how you relate it back to Florida. Enjoy and thanks for sharing.
    2
  49094. Another great video! Beautiful area! Thank you as always for sharing and making these videos!
    2
  49095. Landlord's expenses go up 10%, raises rent 40%, problem solved for landlord. Tenant here, ridiculous how much rents have gone up.
    2
  49096. 🤣🤣🤣🤣🤣🤣love it..thanks ..The honesty..thank you
    2
  49097. thats what ive always said. Why cant they build a pipe line of water from midwest to west.
    2
  49098. Midwest needs their water. And you would have to pump over the continental divide.....huge undertaking. Most of the desert out west is close to water, just needs to be desalinated and distributed.
    2
  49099. Maybe mom could go visit Miami every winter for a week 😃
    2
  49100. Yup, people You deal with make a huge change in Your life.
    2
  49101. You’re wearing a Canadian tuxedo. 😂👍🇨🇦
    2
  49102. builders will build whatever you pay them for. Once the market for medium or high end prices dries up, builders will be forced to build starter homes. They're not going to stop doing business all together. I still see builders doing low 200K homes in Texas. Cheap land is still plentiful and mexicans are not lazy.
    2
  49103. Redfin isn't going to make it because, business wise, they certainly don't deserve to - they've been part of the problem.
    2
  49104. Awesome video! Bit I think you have FOMO. Fear of Moving Out. 😂 Anyway, one thing is for certain. Whatever you decide it has to fulfill your desire. Not just pros and cons on a balance aheet. We vacationed in San Diego, and loved it. Such a huge improvement over Phoenix. The temperate climate is elephant in the room for me. That move was 30 years ago and we've never regretted it. P.s. The taxes aren't as a big a deal as some think, I don't care squat about politics, and as a long-time resident, the real estate market has benefitted us immensely. It's all good, man.
    2
  49105. 🌴🌴🌴. You absolutely nailed it today Michael! Thank you 🙏. Always nice to see Lisi with you 😊. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  49106. 🎉🎉🎉 I’m just curious Michael… Why haven’t the homeless moved into your neighborhood?? I would think that they would like the weather. Anyways…. Have a great evening. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  49107. 64 hours a week
    2
  49108.  @MichaelBordenaro  How about renting Michael?
    2
  49109.  @MichaelBordenaro  yeah that’s True from West Palm down. I guess I always just considered Jacksonville north Florida, but it is on the coast
    2
  49110.  @MichaelBordenaro  Bigger than Miami? Or is Miami not considered the coast?
    2
  49111. When sea levels rise, beachfront will be worthless 😢.
    2
  49112. Noooo Miami and NC the two places I want to live in the next decade
    2
  49113. You look better without this sunglasses 👍
    2
  49114. Taking HELoC to buy foreclosures in cash. That is what we all are doing.
    2
  49115. Welcome back home.
    2
  49116. The strong dollar has been weaponized against Russia and China and that won't change anytime soon, until Russia deals with Ukraine and China comes to terms with the US with taiwan. A lot of Americans will feel the pain from this. But the best thing to do going forward is stop maxing out credit cards and stop buying new cars. Take the money from those two things alone, over a 3-year period and even just in a savings account, you've got yourself a nice little chunk of change.
    2
  49117. No penalty $280K CD pays 800$ a month....
    2
  49118. Looking very good.
    2
  49119. That car occuping the sidewalk is really upsetting. What a jerk
    2
  49120. Hey Michael are they renovation bal Harbour and expanding with more new stores
    2
  49121.  @MichaelBordenaro  great video to show differences of South Beach buildings and neighborhoods. Thank you!
    2
  49122. 8:22 lizard climbing up the wall
    2
  49123. ......5 months for me to be in FL amigo.....bye bye Los Angeles UUGGHH !! Wasted 10 years in here :/
    2
  49124.  @MichaelBordenaro  All good organizing & planning my journey to FL via Uhaul 5X8 trailer, in the meantime...downsizing around here, long way to go :D
    2
  49125. 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼
    2
  49126. Thank you
    2
  49127. Thank you so much Michael for making this videos! am from NYC and planning on moving to FL, friend of mine recommended me this place!!! Good to see realities! Congrats on 20 K subscribers. I remember tough times when you had only 7K subscribers! Nice to see you growing subscribers community!!!
    2
  49128. Well that's nice but they should still not buy until the current payment is lower than the payment would have been at a 3% mortgage rate. Another 8 to 10 months is not too long to wait for that which will occur when all the layoffs are out of savings and severance
    2
  49129. min 4:08. , man, i hope you are ok... you provide good real state information to all of us... Be carefull. it could have happened to anyone.
    2
  49130. I sold my house using a flat fee listing service. I saved THOUSANDS. Best thing I ever did.
    2
  49131. Just listed my house, so, we'll see. I can't keep waiting on moving forward.
    2
  49132. As you know, "RE IS LOCATION,LOCATION,LOCATION????????!!!!!!!!!!
    2
  49133. If I was living in one of those, I would sell it and take the money and purchase a small mansion with 8 bedrooms and 6 bathrooms and a 3 car garage and then put the remaining profits into savings for my retirement.
    2
  49134. My house is the crappiest home on my street. I'm not making any money on it. Not yet, anyway. Lol
    2
  49135. I want a 1 dollar Mcnugget right now
    2
  49136. There's a realtor out in Cali that believes that he going to be buying homes a year from now for 35 cents on the dollar. I think that this guy has been smoking too much meth. Lol.
    2
  49137. Also fearful if not getting them in mail deliver to wrong address
    2
  49138. what do you think of ocala florida?
    2
  49139. Love seeing your beautiful wife accompanying you❤
    2
  49140. I just look at the street signs as you pass them and look up the area while watching your video.
    2
  49141. The US is a one party government so most Americans don't have a choice to who can come into this country and who can vote. It's the Americans last program.
    2
  49142. When the $hit goes down you better be ready. Cypress Hill 🤣🐑🔥🏠🔥
    2
  49143. HAPPY 100k!!!!🥳🎉🎉🎉
    2
  49144. What are your thoughts on Port St Lucie?
    2
  49145. After the fed just announced a 75 basis point increase, the major banks announced a prime rate of 6.25, credit getting expensive
    2
  49146. Stop foreigners from owning property in America.
    2
  49147.  @MichaelBordenaro  exactly. for over 1 million I would expect the master closest to be bigger.
    2
  49148. My thoughts exactly. You nailed it. HELOC trend graph may be helpful to show.
    2
  49149. My wife and I are keeping our powder nice and dry. Eventually the chickens come home to roost and best to be ready when that happens imo.
    2
  49150. Yes My town and area is cooked. I now look like the Foreigner
    2
  49151. The reason the government is giving these immigrants free stuff is because they're building up a bigger democratic voting base. Say buh-bye Republican party.
    2
  49152. In my life, things got way easier after my degree. Just me. I am a Navy veteran also. Now if I didn't have the gi bill, my tuition would be around 30k to pay back. This is nothing compared to some of these artsy / culinary majors. I make almost 3 figures starting off at the age of 40. Would I do it again, well, yep, but a lot of other stuff I wouldn't. Like willingly going to a bad school and then after graduating going to school to be a culiinary specialist. Big waste of time.
    2
  49153. I don’t know where you lived in Illinois google average home price average 1 bedroom cond is over #$380,000
    2
  49154. They are making things look better than they actually are just long enough to make it past the elections. Then reality will hit hard IMO.
    2
  49155. Lmao litter bugs are morally corruptlike a politician.
    2
  49156. Spending other people's money Plain and simple
    2
  49157. You’re 💯 correct they always talk about The rate but only 0.1% of the population qualify for that rate
    2
  49158. In my opinion, I don't think there will be a significant recession this year. If we do, it will be mild considering the amount of excess savings we have. I do agree a larger impact recession can occur if inflation and the war persists till 2023. Those excess savings will eventually be eroded away.
    2
  49159. No kidding, no ring, one night honeymoon, no dress no invites signed the pre-nup and never worked again, a fool and his money are soon parted!
    2
  49160. Not only do I learn from your videos, I've been learning from the comments. Another great video Michael. THX
    2
  49161. You must get sick of being right all the time. :)
    2
  49162. I need a help you have Facebook can you help me
    2
  49163.  @MichaelBordenaro  my respect I'm not American I'm outside America I'm not English I'm 21 years old my name is Aardalan you appear to be a good person the first time I saw you you entered my heart you can help me to come to America In my country there is no freedom and no future I'm an Arab I'm weak English Language
    2
  49164.  @MichaelBordenaro  In my country there is no respect for a person and the law because work and respect exist in America because America is a country of freedom because America is a great country because America has work and respect for people and life because the American people live a happy life I have respect and appreciation for the American people I need your help help me please
    2
  49165. can you help me I want to live in America How do I come to united States my respect you are kind
    2
  49166. 💯 correct. Lots of Boomers selling homes in my area. Problem is, they won't budge much on price because their house is a nest egg.
    2
  49167. Same!
    2
  49168. Everything is a scam in this country so sick of it
    2
  49169. Could be a good time if the buyer has the cash and gets a big discount maybe?
    2
  49170. What do you see the pre-construction condos market? Will it be any different than resale?
    2
  49171. I'm late to the party, watching and catching up on your old videos. I just wanted to say that I love how you cover so many different topics on your videos. Even if you don't think they're interesting but just having a glimpse of your daily routines make us feel like we're part of your life. So thank you, Michael. I love it.
    2
  49172. 👍
    2
  49173.  @MichaelBordenaro  that’s crazy!!!!
    2
  49174. If you are still in the area of Malaga Cove, you should head on down to Riviera Village. You’ll love it.
    2
  49175. Have you considered moving to the west side of the state?
    2
  49176.  @MichaelBordenaro  Yes, but in practice the standard commission hasn't changed in 40 years, while commissions in the rest of the world have decreased substantially. Why? That isn't how a free and open capitalistic system is supposed to work. Competition lowers prices for consumers, as long as there aren't burdensome barriers to entry, or regulations, or price fixing.
    2
  49177.  @MichaelBordenaro  But this isn't how capitalism works. Imagine telling Apple that you'd like to buy the newest iPhone but you want to negotiate it down to $100. Doesn't work like that. What happens is another manufacturer (Samsung) enters the market and offers a better product at a cheaper price. But in Real Estate, there have not been "better agents at a cheaper price" or other options, except for Flat Fee listings, but agents try to kill those by not advertising them or showing them. It's a monopoly, it's price fixing, everywhere. Other countries do not have better negotiating citizens, the marketplace allows for more competition, and the rates have come down. This is just how it works.
    2
  49178. Poor are already priced out of the market, the working class I give 3 more years and within 5 years only millionaires will be able to own homes or land.
    2
  49179. Will all these buildings coming down make rent and house prices go up?
    2
  49180. My mailbox is full literally every day from companies trying to get us to take on loans. Ex: BHG Financial from Florida sends me these huge 9x11 envelopes 2x a week and of course you open them because they look important. They have easily spent $50 on sending different marketing material to my house over just the last month.
    2
  49181. Michael, it's Woo-sta Massachusetts. Trust me. I called it like you did the first time I went there and was immediately scolded 😂
    2
  49182. The Fed would rather have inflation than deflation. If they raise interest rates too high they will, like 1929-30 put us into a depression. Why is deflation bad, because the fed can’t tax deflation. It causes the velocity of money to slow through the economy and you end up with a mess . That’s why I believe inflation will be with us for the next 8-10 years. Why? Because it’s too late for the Fed to stop printing. The world economy because it is tied to the dollar would implode. Good luck!
    2
  49183.  @MichaelBordenaro  In Miami you can walk out a mile. That can get a little spooky. I always have my head on a swivel swimming down there..lol After your reply, I went ahead and uploaded a couple very short clips of 2 different sharks. If you feel like checking them out, they're under my channel!
    2
  49184. Everything is expensive!!!! You're lucky if you have a roof over your head & can buy food !!!! That's all folks!!
    2
  49185. Great video Michael! There is this narrative from Redfin that says that the market is in recovering mode. What are they talking about?
    2
  49186.  @MichaelBordenaro  perfect timing! Looking forward to it.
    2
  49187. I just realized that this is the first time I've seen you without sunglasses on - keep up the good work!
    2
  49188. Come on up to Lake County, Florida. My ranch is at 170 feet above sea level. No, we don’t need oxygen because of the altitude, just a little weed to help the attitude….. 🌴🐈🐈🐈🌴🏴‍☠️
    2
  49189. I love u Thank you for all the wonderful information!! I wish I ran into u! I live in Woodland and San Francisco part time!
    2
  49190. Honestly, this is like 2008-9 2.0.
    2
  49191. If you or spouse are 55+, there are many great deals for 55+ condominiums with 1 and 2 bedrooms. Just an idea if you own a house and want to sell. I live in South Florida, Broward County, and did really well with the sale and purchase. Great way to make a big cash profit AND significantly lower your home taxes and insurance.
    2
  49192.  @MichaelBordenaro  legend, thank you. Elevation’s definitely something i’ll keep in mind
    2
  49193. First?
    2
  49194. Reseach retiring abroad! SAVE SAVE SAVE.
    2
  49195. Watch your HOA like hawk. Theft all aroud.
    2
  49196. No way I co- sign with anyone especially children
    2
  49197. okay i wanna to florida so bad but it the hurricane it not i doing wanna deal with it because it not a problem it just i scared to get my house knocked down or from dying from them
    2
  49198. ok can you do a video of how to stay safe during a hurricane
    2
  49199. Mike, who cares about what people think. People are entitled to their opinion as long as you are telling the truth. Florida is not for everyone, just like anything in life. Some people are easy to deal and some don't.
    2
  49200. Nice video, Michael. I'd fully encourage you to pursue the expanded range of topics you're planning,-- particularly if you plan to expose facts not generally known. You have a real real flair for research and you'll do good work no matter what you tackle.
    2
  49201. For the algorithm.
    2
  49202. I work in the wdi business in Virginia I should tell you how things are around here. My company does them everyday and boy things have changed recently.
    2
  49203. Do you see Iguanas a lot on your walks ?
    2
  49204. Watch out for skin cancer
    2
  49205. HOLD ON☝️,,, I pointed this out on a few of your (very good) videos before. RUN THESE NUMBERS,, Take 20% off the asking price of a Home or a Car ,, then figure out the balance owed with interest rates, add in high taxes, higher insurance, costly upkeep and the inflation factors and it's ever MORE EXSPENCIVE. 20% price decline will only help a cash buyer and they are rare. We need a 50% to 60% decline to see affordability
    2
  49206. Cars and planes and probably originally trains. It would have been hard to take a horse and carriage from new england to miami beach for a week.
    2
  49207. Thank you for going out in the storm for us!! Great view. I also like your shirt. Great information!! I hope you and your family will be safe from the storm.
    2
  49208. She should have done a 1031 exchange to save on capital gains. Dave Jones 10-25-22.
    2
  49209. I feel like I’ve been taking a great real estate seminar on the current market for the past several weeks watching your videos. The information is really eye opening. I’ve purchased and sold several homes with my parents and spouse over my lifetime and really didn’t have a great knowledge of real estate. Really lucky I guess.
    2
  49210. Having a good real estate agent and a good real estate attorney really helps.
    2
  49211. Love your throw back pics bud.
    2
  49212.  @MichaelBordenaro  anyone with an ESP and a dual recto is a green flag. 😂🤘🏻 you should check out the EVH 5150 iii 50 watt 6L6. I like it a little more for the Metallica thing. i like the EVHs top end more than The Recto. they both have an insane amount of low end tho.
    2
  49213. It's nice to get a new view!
    2
  49214. What's wrong with Flaglar beach?
    2
  49215.  @soniadowney7427  beach often cloudy and overcast, no surfing, minimal scenic sights or nightlife but it’s nice that it’s not crowded or overrun with traffic, congestion and lack of parking
    2
  49216. One can NEVER change their sex! They can maybe cut off perfectly good body parts because they have gender dysphoria, but they will ALWAYS be the same sex they were before doing so. That's like me asking a doctor to cut off my right arm cause I feel like I'm handicapped... I would probably be sent to a mental facility, as should anyone trying to remove functional body parts! We live in a 🤡🌎!
    2
  49217. It's pretty irresponsible of these pension funds to have so much invested in these regional banks. The managers of these pension funds need to be held accountable.
    2
  49218. Abnb, Vrbo and the like are sticking it to people with those high “administrative” fees over and above the usual rental and cleaning etc. it’s pure greed. Doesn’t go to the owner only abnb etc. !! (Can’t change taxes). People are over it.
    2
  49219. So, what did the HOA's do with all the money they collected over the years? And, just who figured out how much HOA fee each unit should pay monthly?
    2
  49220. Dude I couldn’t tell you had cysts. I’ve been suffering with 1 on the chin, 1 on the neck and hundreds on my forehead. I removed everything on my forehead by hand and cold showers but the chin and neck area is nearly impossible and driving me up the walls, the only reason I’m afraid going under the knife is because some dermatologists are telling me hair won’t grow back in that place you’re desiring to tackle. Is that the case with your doctor. You have no idea how relevant this is to me. I know exactly how you felt.
    2
  49221.  @MichaelBordenaro I’m glad to hear you’re feeling better. I will be waiting for your update and will be consulting with your doctor.
    2
  49222. Anchorage Alaska market is bananas right now.
    2
  49223. Paying 5k for a mortgage is a ridiculous example though
    2
  49224. HOAs are literal gatekeepers 😂
    2
  49225. Hi Lizzie!!!👋 Glad you made it to California. Happy 4th of July to you both.🇺🇲
    2
  49226. With the stock market going down buying income property is still one of your best options. People will always need a place to live. Look at a 30y chart of what ever investment you consider. There is still plenty of money out there.
    2
  49227.  @MichaelBordenaro  ... any measures to end this horrible situation is welcomed 👍🏻
    2
  49228.  @MichaelBordenaro  thank you ☺️
    2
  49229. You live across from Lincoln Road? Great area! Love the shirt!
    2
  49230. You can’t buy Farmers in Massachusetts. I don’t know why this is🤷‍♂️
    2
  49231. Another great video Michael
    2
  49232. One thing about real estate as long as demand far exceeds supply, it's going to stay crazy high. Of course in time, but this scenario unfortunately may stick around for years. Keep in mind as long as the democrats continue with these crazy taxes, the liberal states will keep driving people south... Especially states with no state income taxes. This has less to do with inflation. Its coming to terms with where people can get more for their money... This cycle will last several years at least.
    2
  49233. There will be 1000s of properties for sale at a fraction of todays cost with all the foreclosures starting now 2024 / 2025 to buy.
    2
  49234. Thanks!
    2
  49235. Derivatives alone are Quadrillion.
    2
  49236. After decades of political neglect, it wont be a quick fix.
    2
  49237. Mike this was one of your best yet. The markets or overvalued for sure and are not true . The companies can manipulate their earnings to shareholders any which way like cost cutting / layoffs etc. They can make themselves look more valuable.
    2
  49238. Government? I don't trust them.
    2
  49239. That's great that your mother was able to retire from her job of 40 years with a pension. The problem today is, it's only government jobs that still have this. In a lot of cases, it's government jobs that at least are paying a living wage. I hate to say it but it sure looks as if the house of cards is falling down around us.
    2
  49240. This is totally anecdotal, of course, but my partner and I are in the process of purchasing a home in San Marcos, Texas, which is about 30 miles outside of Austin. We locked in our rate on July 30 add 4.375%. We were given a 4.6% rate at first, but brought it down by buying points. We offered $40,000 less on the house than it was originally listed for. The quality of the house is much better than anything we could afford in Austin, so we are happy with our move! We are native Texans, but have the privilege of working remotely, so no need to stay in Austin.
    2
  49241. My daughter guessed Taurus I guessed you were a libra . I watched your birthday video . May 7 is a great birthday! ✨🌹
    2
  49242. Smart thinking my friend
    2
  49243. Yeah what do you think of reverse mortgages? Someone else asked this question as well. Thanks
    2
  49244. With regards to the dilapidated buildings in Miami Beach I recently learned that the city has a rule that if you buy an old house and want to upgrade it, you can spend a max of 50% of the value of the house - not the property - and the city decides the value of the house. This means if you buy for example a 2 million dollar property, they can say the house is worth 500.000 and the land 1.5 Million, which means you can spend max 250.000 dollars to fix it up, which is nothing. The reason for this is that they want you to tear down the old construction and build a brand new one (unless the old one is designated as a historical property) under the latest building codes which will reduce risk of flooding and storm damage. That is all very well and understandable but it also means that soon you will need to be a millionaire to live in a single family home in Miami Beach. Keep up the good work.
    2
  49245. Would you do a video about living in Florida w a dog ? The heat, the (non) accessible beaches, alligators and snakes. My dog would hate it. Can't chuck a ball into any pond. Seems you don't have a dog, and I can reason why.
    2
  49246. I have rarely seen any dogs coming to bark at you. If you were doing this in MT your videos would have been full of dogs running up to bark. That is so nice. I would move to Florida just to have the quiet of no bark. Within a radius of 3 homes I have 12 barking dogs to listen to.
    2
  49247. 2023...the new norm...live in a tent until you get kicked out from your stealth camping place.
    2
  49248. In the short term, will interest rates going up impact sales, from buyers being motivated to buy quickly, before mortgage rates go up?
    2
  49249.  @MichaelBordenaro  Good reply Michael.
    2
  49250. This country is in big trouble..the problem is politicians..we hire them to run the country but all they do is steal cheat lie only take care of themsrlves..its a big club we are not in it..america wake up
    2
  49251. One thing I don't understand, with the markups you show in your videos. Houses were 250.000 and then a year or so later they want 3 million. Why would you even do that? Can't you pay 260k to buy the house to keep the taxes low and in a private transaction give the seller 2.5m? I mean really, the price jumps you show only give you a huge property tax who wants that.
    2
  49252. Too many homeowners with lots of equity and sub 4 mortgages.The hit will be all those used to be affordable 💩 holes that people have fled to.The desirable zip codes will stay solid.
    2
  49253. Tsunami in California! Never heard of it.
    2
  49254. Posting before i finish the video but ill answer the initial question. I'm in my mid 30's, renter, been saving ever since ive got myself out of serious credit card debt. I have money left over. 90k a year salary, split rent with my gf, rent is about 2000. Not stashing as much cash as i use to be able to but theres still slightly left over. ~80k saved, waiting for a decent time to buy. Just not willing to dump my savings into an over inflated housing market. If it just continues to rise i guess ill be a renter for life.
    2
  49255. Do the tenants who only lease a condo (not own) have to pay special assessments as well?
    2
  49256. Your right. Going forward the FTX name will most likely not be used. I do hear that Enron stadium could be a reality though.
    2
  49257. Omg I just realized you are a real estate agent!! I asked in my earlier question if you knew of a good realtor..I'd say you do haha!!! Even more excited that your a realtor!!!! Wow!!! So cool!!!!!!!!!!!!!! Whohooo!!!!!! You rock💪✌✌🌞🌞🇺🇸🇺🇸!!!!
    2
  49258.  @MichaelBordenaro  Now I've seen it, thank you.
    2
  49259.  @MichaelBordenaro  Miami has much warmer weather then St Augustine though, right?
    2
  49260. Do you still hold crypto?
    2
  49261. The friendswood texas neighborhood is landlocked - high demand neighborhood will hold its value
    2
  49262. Michael looking at the homes in the background I noticed there are no garages or carports??????
    2
  49263. Michael! I so appreciate your shared knowledge on this! I don’t know how people make it!
    2
  49264. 👍
    2
  49265. Florida is still very UNAFFORDABLE....😢
    2
  49266. ​ @MichaelBordenaro These corporations and businesses will never raise their wages beyond the rate of inflation. They didn't want to raise them to where they currently are which is still lower than the rate of inflation.
    2
  49267. Title insurance should be bought on a resale. It protects you from any liens etc that are on the home. The insurance will pay the liens.
    2
  49268. As someone who has lived in Florida my entire life...yikes! Lol. 🤷‍♀️😱😂
    2
  49269.  @MichaelBordenaro  I do too. OpenDoor was buying and relisting homes literally the next month for 50-60k higher with no improvements. Just saw a OpenDoor property purchased mid March 2022 615k and relisted April 2022 for 660k. It's had steady price drops and is still listed today at 600. Lol. Almost half of the price drops I see in the area, are Opendoor properties and follow similar patterns.
    2
  49270. I’ve lived in cali my whole life, specifically L.A, if you don’t mind the homeless harassment then it’s great lol
    2
  49271. I saw six California vehicles in one weekend close to my job ... I couldn’t believe it. I said to myself things must be really bad there, what was the likelihood of seeing that many Within two hours???
    2
  49272. I agree! Iam praying for them all! This was too scary and too close to home.
    2
  49273. Great info! Even though I will not be paying property tax, the home insurance is the wild card! I'll still wait on the sidelines in Costa Rica, to buy a vacation/residential home in Naples, Florida.
    2
  49274. Thanks for your continuing honest assessment of housing. I have looked at a couple other channels where the people are actually clueless and made me laugh as to how ignorant they are. Instead of real estate, grocery stocker would be a better choice for these naive people.
    2
  49275. Don't drive. I would take the ferry and then rent an e-bike and just get around that way.
    2
  49276. Stop by Vegas!!!!!! Walk and talk on the strip would be cool.
    2
  49277. Something so relaxing about the driving videos with commentary. Looking forward to Ocala and The Villages.
    2
  49278. Thankfully, I do not belong to the NAR or MLS. I am an independent Broker that permits commission negotiations.
    2
  49279. Thanks for the Info, Explain's my neighbor who 's house isn't repaired after a "Truck" knocked the walls off, the foundation, from a auto accident, "BIG TRUCK", stolen by a thief, "NOT INSURED", owner moved I expect, they will let it go for "Over Due" taxes, "Sheriff sale.
    2
  49280.  @MichaelBordenaro  sent email
    2
  49281. Michael, so although these houses are much larger, better designed, than the more expensive homes, they are not in desired locations? These people aren't poor if they can live in homes valued at $500K plus. You are aware Michael, that the way you are dressed fits in with these "lower tier" neighborhoods, so no one would bother you. Now, if you were wearing khakis and a sleeved shirt and expensive sneakers, things might be a little different. LOLOLOLO
    2
  49282.  @MichaelBordenaro  I am happy to hear that. Sorry for possibly misjudging you. That said, don't you think that it would be better that you make a single video comparing reasons for and reasons against? Doing these separately as at now, there will always be this thought of you being entirely biased?
    2
  49283. Banks are giving people mortgages expecting the borrower to be able to refinance in the next year at a lower rate and payment.
    2
  49284. Hey Cape Coral, Time to become a ghost town again
    2
  49285. It’s 2007 all over again.
    2
  49286. Hey Michael, the more I watch your videos and see the scenery of Florida I understand one of the attractions...it's BEAUTIFUL!😍 Insane people are coming up with that you can't do background checks bullcrap!😒🙄 Figures it would be in the crazy state that I'm in.🤨
    2
  49287. I ❤ your channel.
    2
  49288. Cool episode
    2
  49289. "Nationwide isn't on your side". 😂
    2
  49290. Every time I see a coastal condo that has an HOA that isn’t $1000. I know that they have no effing reserve because everything falls apart in salt air and my HOA in Nashville Tennessee is 990 but we have solid reserves and enough good board members to call BS when someone wants to defer maintenance. So our investment in this wonderful building is not at risk.
    2
  49291. Our Walmart has put every thing in electronics under lock and key. Home Depot locks all electric tools.
    2
  49292. Fast food is poison, why pay for death?
    2
  49293. Love your content man. Keep it up!
    2
  49294. They call them "underserved" populations. They don't have the advantages and/or education to know otherwise. Predatory lending. Target market = underserved populations (ie: poor people and minorities)...... BTW this was the same target market that student loan servicing centers at colleges preyed upon........ easy to "close" them.
    2
  49295. Thanks for sharing your experience and thoughts without the hype!
    2
  49296. I love the Rainbow eucalyptus tree!!
    2
  49297. I am against the government forcing business to make people come back to the offices. Those business that are suffering and having government force people indirectly to have to buy someone's product is not Free Markets nor Capitalisms. If the customer habits have changed, then a business must adapt to maintain their customers. The businesses that change to meet the customers are always the ones that stay in business. We saw that during the shutdowns how many adapted to still serve the customer. It is like when Walmart first moved to my hometown. Main street hired an advisor to come in and help them figure out how to make money. They fired him because they did not like his answer which was to stay open later. The answer made sense, if you are open while everyone is at work, we had a lot of plants at that time, and closed when they get off, they can't shop with you.
    2
  49298. TRUTH, TRUTH, TRUTH!
    2
  49299. It's all going to depend on how many people lose decent paying jobs
    2
  49300. Happy Birthday to you, love your content and thanks for posting.
    2
  49301. I think I like the homes on the east coast better. But I do like the west coast area.
    2
  49302. Love your advise, your knowledge and common sense. Keep those videos coming because we are listening.
    2
  49303. Sometimes you feel your only purpose in life is to serve as a warning to others.
    2
  49304. I gave up, just signed a 1 year lease for a really nice apartment and I'm just gonna start house shopping a year from now. Sick of this garbage.
    2
  49305. People will pay almost anything to avoid the natural disaster that is winter, in the northern part of the US, the cost of winter in total from cost to cost, cost more money in damage than any one cat 5 hurricane or class 4 tornado, the cost of ice damage alone is upwards of 2.1 billion, road damage 3.7 billion car accidents, due to snow and ice 1.7 billion on and on 15:05
    2
  49306. Great insights and updates as always, man! Keep on informing people with data-driven info. Well done!
    2
  49307. Rent the other rooms, and use that money to either keep up with the maintenance of the house or pay the mortgage. I had to buy in this ridiculous market because I couldn't find a place to rent. I'm paying like 20% more than what I was paying in rent for a 1 bed 1 bath, but I now have a 3 bed 2 bath house. I still have to do some work on the house which I'm slowly doing but once I do that I will rent either one or both rooms until I get a considerable raise so that I don't need to worry about maintenance costs. The only reason besides the inability to find a place to rent is that I started a decent job with job security. If not, I would have never done it. Realtors are scumbags just like car salesmen...
    2
  49308. Walk the neighborhoods of Star Island, I would love to see that area👌
    2
  49309. Awesome vid MIke.
    2
  49310. Thank you, for caring and God Bless, to the Families that have lost a, loved one, you are in our prayers and thoughts🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻💞💞💞🌹🌹🌹
    2
  49311. If you have to pay cash to get a real estste investment to cash flow your over paying. You have to deduct the opportunity cost of the cash from your return otherwise you don't have the true picture. Real estate is meant to be a levarage vehicle. Its not stock or bonds. If your not usung levarge its really not a real estate deal. Might as well go buy a painting. It only has intrinsic value if u pay cash. Wealthy persons game.
    2
  49312. Wishful thinking, Mr. Bordenaro.
    2
  49313. It's March now and Rates went up 1.5 % on that .25% increase... SOOOOOO... Wall Street got their BIG FAT PAY RAISE!!! Most of that 1.5% came even before they officially announced the .25%... Next time they are talking a .50 increase, that will inflate to a 3% increase and it'll bake into the cake!!! We can't win Bro, they make up the rules FOR THEIR SELFISH REASONS!!! Main Street don't get breaks, only busts, because we're just picking $hit with the chickens!!! It's BROKE!!!
    2
  49314. Man. You just earned yourself a subscriber. You are THE ONLY ONE who is talking about the fed is lying and hasn’t even started selling off their balance sheet. I don’t know if some of these youtubers know how the fed works. Everyone says crash crash but won’t acknowledge that we won’t get a crash if the fed keeps increasing their balance sheet. Unreal. Terrific job.
    2
  49315. All this has gone up 1,000 dollars in just a year. SMH
    2
  49316. I haven't researched it yet, but I think the fiat dollar is on its way out, and the evil central bank/(not)Federal Reserve is moving to digital currency with the CBDC (Central Bank Digital Coin). I prefer crypto that is decentralized. The central banks, owned by private people, keep us in the debt-and-death syndrome by their paper not being linked to gold or other precious metals, their wanton printing, and--the kicker--the INTEREST the people pay on the money the dirtbags print for themselves. No matter what, it ALWAYS benefits them in one way or another. We need to divorce ourselves from these thieves in cahoots with the elected dunces and go back to the US Treasury and linking the dollar to a precious metal. ~Ms. B.
    2
  49317.  @MichaelBordenaro  Bitcoin is king.
    2
  49318. yeah even if u own, u need to have a fund dedicated to repairs. i recommend at least 15k.
    2
  49319. Keep it up Michael! The lies have been everywhere these past 4 years please continue to call them out and debunk the lies being told! Best of luck fact checkers!
    2
  49320. Michael ... am curious ... you are in your 30's ? Why do you have grey hair ? Stress ? Hereditary ?
    2
  49321.  @MichaelBordenaro  Youtube is amazing!..Live feed views of Ft. Lauderdale, Miami Bch, and other locations around the World !...I've done more travelling in front of the computer than I have flying and driving to various locations....Thank you, Michael for your Great videos !!
    2
  49322.  @MichaelBordenaro  Terrific Idea !!!!....Please give it a shot !!.....Great concept for an additional channel.....You're always thinking, Michael !
    2
  49323. Housing must be a utility. We need to outlaw foreign investments and outlaw predatory Wall Street equity funds from gobbling up housing and land. We must seize all housing not owned by tax paying American citizens. We must also gut HOA businesses and rewrite property tax assessments and laws.
    2
  49324. Speak the truth, Michael!
    2
  49325. It was because of all the Covid benefits/programs given out. The current administration just ended covid programs in 2023. Read 2023. Disagree with the gas prices. Believe they were artificially inflated (quit drilling) to move everyone to electric. So your electric bill will double/triple per month or more. The gov trying out new experiments on society.
    2
  49326. Don’t (insert the name of the state you’re coming from) our Florida!
    2
  49327. GUYS GUYS GUYS GUYS GUYS...still a good program!!!
    2
  49328. Maybe a cooler weather town in Florida? Hawaii?
    2
  49329. CITIZEN’S UNION, CITIZEN’S STRIKES —YES !!! Now you’re takin’ ! Be careful Michael, you’re cutting awfully close to the core of the really-existing situation. In a defacto neo-feudalistic corporate plutocracy, the minority political mandarins, overpaid technocrats and corporate crime boss overlords aren’t going to much care for the sound of such ideas as citizen’s organizing or collective democratic action. You’re a ‘Free Agent’ Michael, willing and and able to do your own thinking —and we love ya for it. Keep up the superb reportage and analysis 👍👍
    2
  49330. when the FED cuts, the markets will finally crash.
    2
  49331. When an ecosystem changes, there are always losers and winners. Why is the Fed made up of unelected individuals??????????
    2
  49332. ctysonjr1963 😄🤸‍♂️👏😎
    2
  49333. I was watching an episode of Frontline today called the Power of the Fed on Youtube. Part of it was about QE1 & QE2. Interesting how with QE2, the fed thought that companies would expand and hire more workers, but instead many companies used the funds to buy back their stock. And they spoke to a regional fed chairman from the Minneapolis area who insisted that the fed didn't do anything wrong. I think the report ends as inflation is beginning to take off and the question is posed as to how will the fed handle this? But it's interesting that the fed says that they care about the common person but as to how that is finally realized, who knows! This report is probably worth seeing a second time because there's a good deal of historical information. They also bring up the shadow system which was involved in the subprime mortgage crises of 2008. Lots of things going on in this period of time. I know you are aware of all that was happening.
    2
  49334. Keep shelling out the money in FL to live in an oven - happy in New England.
    2
  49335. Hot damn! Taco Bell has gas..
    2
  49336. "Banksters" 😆
    2
  49337. Always makes my day, smile, beard, tan, the whole package😍😘🥰💘
    2
  49338. The Federal Government and the Corporations are sleeping in the same bed… and it is an incestuous relationship!!! Greed, Power and Money are their tools!! Pathetic!
    2
  49339. What about utilities going up 30%?
    2
  49340. Taxes is thief and I don’t support it on anyone. “Taxing the rich” is a pysOP to get the poor to support more taxes on themselves.
    2
  49341. I’m really surprised with the HELOC loans being given at this time?! Last crash they closed or did a drastic cut in HELOC limits. Not as many as last boom, but a lot of buyers are buying with proceeds from the exaggerated market prices they get on their homes. “ Nouveaux Riche “
    2
  49342. Nothing costs 5% more. Everything has doubled in price, literally everything!
    2
  49343. Weird how you have these people who own million dollar houses, but they dont get if you painted it white instead of yellow, it wouldve sold in 2014.
    2
  49344. I’m 13 I’ve been in Florida for 13 years I’m born and raised in Florida three doesn’t bother me
    2
  49345. I'm 43 yrs old. So much focus is on first time home buyers. All these first time home buyers waiting on the sidelines. 99% of people who are complaining about this market are not first time home buyers. They are home owners who want to move. The irony with these people is that they are all giddy with what Zillow says their home is worth yet in the same breath they complain that everything is too expensive. These clowns lol.. they are in a Mexican standoff with themselves. First time home buyers have been renting for a decade. You think they really give a sh*t if they have to keep renting? They may want to own but they aren't going nuts over it. Sellers are sellers worst enemy lol
    2
  49346. I think their will be so many people wanting to buy those condos they might end up in a price war again. A lot of people are waiting on the sidelines for something more affordable.
    2
  49347. A logical brain????????Where?????
    2
  49348. Yes, you bought the lies. Amish people acquired vast amounts of farm land by working hard, supporting large families at the same time.
    2
  49349. God bless all those lost souls....I will be in Miami in August, staying in a high rise, and this makes me think twice about it for sure. Good that you and Lizzy are safe, Michael!
    2
  49350. WHEN HAS THE GOVERNMENT EVER TOLD THE TRUTH....LOL.........I'M NOT WAITING FOR THAT ANSWER
    2
  49351. Hi Michael, love 💕 the scenic route. I’m enjoying the ride I feel as if I’m in the vehicle 🚗 with you guys. I love the area, it looks beautiful 🤩. Thank you for inviting us along I know I, enjoyed it very much. Stay safe 😊
    2
  49352. The light is fine, actually very calming.
    2
  49353. Thank you. You’re doing a good jobs with the vids keep it up
    2
  49354. I sure don’t have sellers remorse. I love not having the huge liability and work associated with owning a house, all I need is my small two bedroom apartment for $775 a month, through the end of next year if I want. All I need to do is give them 60 days notice if I decide to move. I’ll buy again if it becomes reasonable, which it may never do. If not, no biggie, I own my own small piece of fertile land outright, other than the taxes, which are only about $70 a year. Enjoy your slavery if that’s what you choose, but I decided I wanted out.
    2
  49355. The interest rates could go up to 10% tomorrow, if you put a turd in a shoe box on a empty house lot there would be a bidding war. A reflection of the ignorance of today's American consumer.
    2
  49356. I hope you have some back up pairs of those sunglasses. They are kind of your trademark. 😂
    2
  49357. Michael, I appreciate you talking about other types of housing, like 3D printed homes. I think it's a fascinating idea! I'm wondering about your opinion of manufactured or modular homes in a co-op park - do they potentially increase in value because you're an owner in the park?
    2
  49358. Just wanted to say that I recently discovered your channel. You really have some great videos. Your information is great and more importantly-----unbiased. Do you think areas like mine, Rochester NY, will possibly keep going up as prices in areas like Florida have exploded too much too soon and may correct?
    2
  49359. I skip the video and watch the ads. 😂 Just kidding. Always good information in these videos.
    2
  49360. Michael the Market does "work together" it is know as Schelling Point a mathematically sound game theory describing how people who cannot communicate cooperate as "rational" consumers or decision makers.
    2
  49361. It is not worth it! No pool or parking! Forget it!😆😆😆
    2
  49362. Elon Musk fired 75% of Twitter Employees and Twitter is still working. I think we should try the same with the Over Bloated Government. Social Security has a Funds as well as VA, Medicare & Medicaid so they will still receive their Checks/Money. We as US Citizens must live on a Monthly Budget so it is time for the Govt to live on a budget. Maybe we should stop sending Money to Countries that Hate us and Stop funding Endless wars like Ukraine ( The Bidens Kickback Fund). Where Hunter?
    2
  49363. Very informative video! Thank you very much!
    2
  49364. Enjoy your open and insightful scoops
    2
  49365. Well, at least we are not like Argentina with 100% plus inflation... Argentina, hope you get better soon! where can I go and tango??
    2
  49366.  @MichaelBordenaro  ok. Thanks for responding.
    2
  49367. Are government checks going to bounce?
    2
  49368. Things crashed in 08 and bottomed in 2012 in the Boston MSA
    2
  49369. What inlet is that you’re walking along? 11:30
    2
  49370. Typical greedy Wall Street bankers never want their party on their 15 luxury yachts to end. No surprise.
    2
  49371. take the risk... if its in your heart. don't let your head stop you. Sorry I am way older than you and I will be moving and I'd move again and again IF that was my heart said to do... U C , that's the PROGRAM to decrease your quality of self power by old beliefs... your move will be exciting. and you can always move back ... you are basing it on MONEY... base it on JOY :-) LIzzy can keep her doggie walking by hiring out or sell her client list. and Pet Folks are EVERYwhere... U will be very OK LOL
    2
  49372.  @MichaelBordenaro  keep it at a 5:00 shadow and get a white Blazer😎😎😎😎😎
    2
  49373. I will move to midwest when I retire
    2
  49374. Gm Sir 👍. Also live in S. Florida Was born here... What can I say seen it all including many a hurricane. My son's a Realtor go figure.
    2
  49375. I hope you don't mind me saying you don't sound like or look like a professional that someone might take seriously, even for Miami standards.
    2
  49376. Where did you make this video?
    2
  49377. LOL on the bad hair days 😂🤣🤣🤣
    2
  49378. AirB&B prices have gotten more stupid than motels. Car camping on travel for the win!
    2
  49379. Awesome video guys! This video was absoultely transitory
    2
  49380. Comments not showing up?
    2
  49381. Scary rental numbers as well.
    2
  49382. I live in saint augustine and commute to jville for work , it's not that bad
    2
  49383.  @MichaelBordenaro  Commute from St.Augustine to Jacksonville it's not bad at all. I invite anyone who thinks differently to come to New England area (Boston,Worcester, MA) or NYC,NJ and see what the real traffic jams are...
    2
  49384. I want to get a bee hive....are there any restrictions on that?
    2
  49385. Michael if you park yourself in the middle of the road you know what happens you get run over. You have a lot of freedom and a great governor down there and he happens to be a Republican.
    2
  49386. FL's Governor is doing a fantastic job. Well said comment btw
    2
  49387. 1
    2
  49388. Different markets. ! Can’t compare Miami to Cleveland
    2
  49389. 2021 I was going to buy a completely renovated 2,600 square ft house for $520k I waited a year and just rented. Now I’m paying more to buy a house with higher interest rate 🤔 don’t try to time the market
    2
  49390. Man....I hope that people got thar insurance issue handled because Sanibel and Englewood got hammered and every one of the houses on Stump pass were underwater (literally) with nearly 16 feet of storm surge from Ian. Lots of wind and water damage in the Ft. Myers area as the storm followed nearly the same path Charlie did in 2004
    2
  49391.  @MichaelBordenaro  Frontier NOT worth it with all the charge ups but Southwest is great and I fly with them when I can. I love traveling, I make it work 🙂
    2
  49392. $6000 a year? That is 3 times of my annual property tax.
    2
  49393. Literally every post is negative. I challenge you to make one positive video.
    2
  49394. July 1, 2023, the CBDC will start- and the US Federal Government will start a SOCIAL CREDIT SCORE - will this stop some of us from being able to either buy or to sell our primary residence? This reads (to me) like a totalitarian system because those "in charge" will decide who's account is to be frozen and who is to be permitted to continue -- especially for those that are politically in a group that is not esteemed acceptable by those unelected "officials" making the decisions. Please - what is YOUR impression of this and how much longer until we must show identification to even go to the grocery stores?
    2
  49395. Never listen to an "expert" that is wrong all the time.
    2
  49396. Also heard big drops in Florida. And more than 100% increase in homes on market year over year.
    2
  49397. Great videos as always, but no, not everyone is leaving by any means, I wish people would stop posting sensationalist headlines. If everyone is leaving, there would be nobody behind, and meanwhile, we’re materially short of housing units in the country.
    2
  49398. Congrats on the move! We’re looking for a vacation home/condo in the same area.
    2
  49399.  @MichaelBordenaro  good luck 👍🍀 great 👍
    2
  49400. But wouldn't your friends take advantage of the fact that you're their landlord.
    2
  49401. I believe one-story and two-story condos and HOA's are exempt from the 2025 law?
    2
  49402. If you need a realtor up north, I'm here to help.
    2
  49403. There are seashells in CA and I live in Big Sur and there is a beach called sand dollar beach.
    2
  49404. I seen this issue long ago. That’s why lo didn’t sell my house. I was going to rent while renting my home out. It didn’t make financial sense. I’m getting older my knees are the same. I was looking to downgrade to a ranch style home. I was willing to take a 3 bed room from 5.
    2
  49405. Bro… that hard rock ending was epic.
    2
  49406. 👍👍👍💯💯💯
    2
  49407. Florida Realtor here. I like the house visits. I do them myself. Keeps you up to date. Love Miami Beach too
    2
  49408. i can retire at 55 cuz im totally debt free
    2
  49409.  @MichaelBordenaro  Thank you. I hope it'll be an easy adjustment. But so far, all positives 😊😊
    2
  49410.  @MichaelBordenaro  Thank you. I'll be on the look out for more of your awesome videos 😎
    2
  49411. 1:04 look at that sweet ass AP1 s2000 in Spa Yellow.
    2
  49412. Ramsey has filed bankruptcy. You have to take what he says with a grain of salt, good advice but not all is good.
    2
  49413. Michael your title made me smile- crookedly- but still a smile. I appreciate your videos and frankness. Refreshing PS I live in Florida the craziest place again, since I came in ‘21 with hardly a shingle to be found to live under We all knew this was going to happen- I’ve been watching you for several years. PS- I’ll never regret moving here. I am more pleased than I could have ever expected.
    2
  49414. Looks like a place that a writer would retreat to for peace and quiet but still being in a town. While looking for a more lively place to live... What are your deal breakers? Other than places staying open past 5. Lol (totally agree with that one!)
    2
  49415.  @MichaelBordenaro  I totally understand. Especially by the beach. I think staying open late when you're near the ocean doesn't necessarily mean party seen. I'm not a party girl but I do love talking and hanging out till all hours of the night(or morning lol) if I'm having a good time with friends.
    2
  49416. Mike i get it. You're a realtor trying to save face for the entire realty realm but its ok to accept the fact its not a good profession at this moment and it will come back one day and in favor of the later but for now its gonna suck😅 so make the best of it and buy up all the tax leans this june you can afford.. Im getting my returns or my home either way i aint gonna need a realtor for that👍
    2
  49417. I appreciate all you have to say . Life is about stories . Hurricane Gloria was the worst hurricane I experienced . That sucked . Hurricane sandy, well I was too tired and stress to stay n the basement so I went to my bedroom . Soon a tree fell over my bed almost through the roof . Yikes I lived . Going up and down this egg steps in suffocating heat did suck . Cats suck too ! My husband is a skilled mechanic and our vehicles always need maintenance and repairs . Just two days the back brakes lines snapped on way home from a store . Ugh and I’ll visit St Augustine in ten winter after hurricane season and of it comes Well drive north I listened and learned . I’m Going to go finish watching another of your Awsome videos . Your on a hour walk . It’s great . Thanks
    2
  49418. Good video love the beach scenes! I mostly agree with you but feel if someone needs to sell now is the time. I am in N Carolina and see several "under contract" homes in my subdivision. They go so fast I didnt even see them for sale. Either way people still making a chunk of change and can always put more down on their next home even with high interest rate. Can always refi or pay extra. BTW that flight you see was actually good deal for less than 600. I paid 1200 Raleigh to San Fran with layover!
    2
  49419. Your vids are so helpful thanks 😊
    2
  49420.  @MichaelBordenaro  are appraisals still being waived? Are appraisels still comming in with high values well beyond what they were last year? I hear appraisals were going to be computer generated.
    2
  49421. lol I’m surprised my state got mentioned cause all the dam incentives being offered. Which they are not bloody worth it in the long run. Rent is roughly 1k for single bedroom. And that’s in lower quality apartments mediocre are 2k plus which is most of single persons income in this state.
    2
  49422. Thank you for sharing all this information with us Michael love your positive attitude Wishing you a Blessed New Year.
    2
  49423. This was a BIG sticker shock for us when the taxes were re-assessed after buying. We bought back in 2017. If you sell your main residence and buy a new one within the same county do you avoid the big jump ?
    2
  49424. Wow glad you are safe. I think I've been in that building before. Prayers for all the missing.
    2
  49425. Real solution -- FAIR TAX !
    2
  49426. Hammock Park in Dunedin is very nice
    2
  49427. Federal Government is the genesis of this country economic problems. Will take a few years to settle back to normal market forces without the feds involvement.
    2
  49428. Happy birthday, mike. Do something different 4 yourself.
    2
  49429. Not only are the housing prices at least double but building materials have at least doubled .
    2
  49430. Michael: Long time viewer. First time commenter. Would you be able to live with a plan to incentivize builders to build starter home? This has continued to be quite a problem. They hardly exist in Indiana. Statistically, there is a dearth of starter homes, and it is understandable why. Would you prefer to build a Chevy Tahoe, or a Chevy Spark? A lot more profit in the Tahoe. If you can get one. A la housing. Thanks, Mark
    2
  49431. I saw a huge pomegranate tree with fruit growing on it in north carolina this summer. not sure how the increasing heat improves the climate for that fruit?
    2
  49432. Yes. I love hearing about the crazy houses❤
    2
  49433. I don't know what to make of this. I'm in northern Minnesota. There have been almost zero houses for sale. Mind you, you can get houses here for under 100k. But today, there are several million $ houses for sale I didn't know even existed. These homes are under 20 years old, on a lake and have over 4,000 square feet. Why sll of a sudden are these on the market?
    2
  49434. October implementation. Just in time for November elections.
    2
  49435.  @MichaelBordenaro  Thanks for pointing that out, Michael. It is so easy to overlook the hard work that enables a great lifestyle. It is a lesson I am just recently internalizing at the age of 48.
    2
  49436. Lived in Colorado from 94-98, beautiful place if you love the outdoors and activities.
    2
  49437. No foreign country should own our land, minerals or water rights, we cannot own any of the same in any other country so sounds the same....
    2
  49438. Govt to force owner to rent it at fair value…hahahahahahahaha
    2
  49439. To me Mike the fed also in addition to raising rates needs to use its open market operations power to reduce the money supply, M3 if I am correct.
    2
  49440. third
    2
  49441. And Im here in silly Texas weather :/ soon The Lord willing going to Florida love it so beautiful my type of weather for my lineage
    2
  49442. Will rents in Orlando and Tampa areas go down next year?
    2
  49443. Yeah..... Dead right or dead wrong. The latter is like thinking you have a pair of pants on, except the back side is cut away, and your arse is fully exposed. BC just not being very realistic with the advice.
    2
  49444. Not every state increases the tax rate when you purchase a home for more $$$. In PA, at least where we are looking, does not. In NY however, they will raise it based on what you bought it for. This now becomes the new assessed value, or thereabouts.
    2
  49445. Don't cut the videos
    2
  49446. Please check your microphone output… Your sound level is too low and we have to crank our TV too high to hear you, but when a commercial interrupts it blasts us out of the room. 😳Thanks…appreciate your videos!👍
    2
  49447. “The cost of buying a home is drifting further out of financial reach for the average American, according to a report from Redfin. The real estate website analyzed homes that went on sale last year and found that only 21% of them were affordable, meaning that nearly 80% of homes were outside the typical buyer's budget.”
    2
  49448. Hey there Lizzie.... It's good to see you beside your husband !! I surely enjoy hearing what he has to say.. Bruce
    2
  49449. This is great, l love our governor
    2
  49450.  @MP-ng1sc  we have friends that live in the area and we’ll be heading down in February to investigate on our own. Can you elaborate? I know about homeowners insurance increases and issues but if you have more to add I’d like to know. I take all advice into consideration. Thanks
    2
  49451. Happy New Year.
    2
  49452. So I was thinking about doing the debt consolidation you mentioned. What debt consolidation services did you use?
    2
  49453. New regulation will be the black swan event that destroys alot of investors
    2
  49454. 4:35 LOL. Because it’s just a bunch of busybody boomers from the north. Shocker.
    2
  49455. If we have a crash, we will see deflation.
    2
  49456. Not healthy.
    2
  49457. Is this an advertisement for FLORIDA??. Now, after watching this video, I feel like FLORIDA may not be a very bad place to live in. I had negative views of FLORIDA 😅😅😅
    2
  49458. I have seen some that are $1,700 monthly
    2
  49459. Thats nothing nowadays.
    2
  49460. Interesting information, so many complicated issues. Thanks for your insights. Wow.
    2
  49461. I did notice your healing quite well elsewise I'd recommend only is it going to relieve any tenderness it'll help keep your wounds clean where I've had scars from surgery that they will only look like hairlines now anyway good to see healthy
    2
  49462. you make more sense than "JENIUS JANET", the wall street gurus, johnny the finance broker, the bank economist, the list goes on and on and they probably make alot more money than you do michael, why? because they know how to spin bs, but they do have to sleep at night, but do they? probably not!.....
    2
  49463. You go woke, you go broke
    2
  49464. The economy is slowing. Oil is less than 70.
    2
  49465. Hay I am from India here if the seller wants to cancel the contract then he has to return the money given by the buyer with 10% persent interest add to it.
    2
  49466. Thanks for another perspective, mr dude with cool glasses.
    2
  49467. Obviously, in California they don't want you making money off people's needs. They want you to let them have your property as a place to stay. Wow...!
    2
  49468. Hence the quote It’s cheaper to keep her 😅
    2
  49469. What apt do you live in? Yours seem better
    2
  49470. Keep in mind too that after 60 days vacant, a HO policy will not cover. A replacement policy Carrie's a much higher premium. Therefore the leverage against the owner grows substantially.
    2
  49471. Congress could eliminate investors from driving up prices by eliminating the intrest deduction for houses except your personal home,,,, but Blackrock would probably stop sending them the bribes (campaign donations) befor elections.
    2
  49472. YO THE COLLABS TODAY ARE "ABSOLUTELY BONKERS" 💪🏽🤣😂🤣😜🔥🔥🔥🔥
    2
  49473. I did that. I moved around in my 18 years here at SE beach Florida. I lived at Fort Lauderdale, Hallandale Beach and Sunny Isles Beach
    2
  49474. I believe landlords are greedy~ it may be "payback" time. After all the moratoriums, squatters, and then Covid "non-payers" landlords have decided to really "sock it to" people. Lots of retaliation for unpaid rents. Also greed. The culture has changed; many people don't want to "lease their time" anymore (work for an employer), especially when they have many years remaining in the workforce. It will be interesting to see how this all plays out.......
    2
  49475. Do u think that when prices go down, your average guy , will not be the beneficiary. Instead the real winners will be Cash Buyers?
    2
  49476. Florida is too much for me.
    2
  49477. Aha…. Love the sarcasm!!!😂
    2
  49478.  @MichaelBordenaro  at least you are not there this year with the 100+ water.
    2
  49479. Hi Michael, enjoy your station. I would like to know more about “selling” gold and silver. You can buy from many institutions and in different forms but is selling just as easy?? Dave from Canada Ps. The reason we’ve been watching you is because we are wanting to move to Florida from Toronto, Canada. It was looking good in Feb this year but fast forward to today and the value of our dollar against the greenback…! Amongst inflation etc…. not looking good for 2023. Keep up the great work sir.
    2
  49480. 69K... crazy
    2
  49481. I started in real estate as an appraiser in 2002. Became a realtor also in 2004. I love appraising. Agency, not so much at the time. But I remember a website I followed as we watched the train wreck occurring starting in 2006. It tracked the mortgage complies as they imploded. I can’t remember the name of the site but I think it was “mortgage Implode-o-meter” or something similar. Since I threw in the towel in 2019 due to the shenanigans coming down on appraisers, I haven’t been following any of the scuttle. I wonder if they have started a new “Implode-o-Meter”? One more thing, read “The Best Way to Rob a Bank is to Own One” by William Black. Great book and great thinker!
    2
  49482. I hear your brother', I sold my house in the city and rented astate in the vineyards in Napa Valley; it was like living in a factory: semi trucks going by all the time: tractor spraying weed fertilizer killers poison whatever; worst idea I ever had.
    2
  49483. Excellent scenario of John and Carla
    2
  49484. Hey Michael , thanks for you’re videos , they’re great . How’s the water temperature in Miami area right now ? I’m planning to take my family for New Years there . Thanks
    2
  49485. Thanks!
    2
  49486. I love your videos Michael, but this one ain't it. The points you've brought up for EVs have been debunked time and time again.
    2
  49487. My two favorite YouTubers together. Fantastic! I couldn't help but notice that some of these multi million dollar homes have parking constraints. There are some very expensive cars left out in the open. One of Michael's recent videos showed a Lamborgini sitting in a driveway uncovered because there wasn't a garage. That seems risky.
    2
  49488. Yes! I love these kinds of videos! :)
    2
  49489. Just discovered your channel, Mike! All great stuff here! Thanks so much for keeping us informed. You do a tremendous job and I’m digging the surfer look. Keep up the good work.
    2
  49490. First 😂
    2
  49491. ❤❤❤
    2
  49492. I think, many people are spending a lot of money to prep for a crash. So, believing a crash is coming could be causing a spending spree, and keeping the economy above water.
    2
  49493. FL is top scam land in the US...
    2
  49494. Your wife looks so sweet !! A very nice addition to your videos !
    2
  49495. If you Sign up for airbnb The management company that you try to sign up with, they will tell you Is that there is an off-season right now? Is the off-season school started. It's in a off seat. Check the records during the summer and see how much was rented.. You have to get all this statistics. How many new ones were put in? How much was everything rented for, The last four years is there an off season. Get me some statistics that are real.
    2
  49496. Pandemic did a thing on a job market- a lot of people are not coming back to offices so they can move anywhere they want now and work remotely
    2
  49497.  @MichaelBordenaro  my husband's employer(largest i Tucson) has announced that they will continue to work remotely indefinitely( all except engineers). We are planning to make a move! See you in FL and thank you for your videos 😍
    2
  49498. Bitcoin a safe investment???
    2
  49499. Thanks!
    2
  49500. Are the lot rent increases proportional with Tax increases on the property?? Just curious.
    2
  49501. How is jacking interest rates through the roof going to make my groceries affordable again.
    2
  49502. Pa. same tax issues planning a move in 3years ahome in PA valued at 230k , and a home in Fl valued at 400k half the taxes depending on the area
    2
  49503. Spring break in the emerald coast is annoying. One highway + sprinf breakers= west coast traffic
    2
  49504. Thanks!
    2
  49505. Nothing more than another entrapment
    2
  49506. Like I said before Michael. Daytona Beach area is awesome. Don't tell too many people though. Let them keep thinking it's not the place to be. More room for me. LOL
    2
  49507. Had to give a like for the roosters
    2
  49508. HAPPY FRIDAY, AND BITCOIN HALVENING DAY!! 🎉🎉🎉🎉
    2
  49509. Now they're $150k!!! For tornado magnets!
    2
  49510. Thank you for the video Michael. The location looks great. Soooo lush. 🔥😎😊
    2
  49511. We have 1 months supply in Jacksonville
    2
  49512.  @MichaelBordenaro  well we just had some come back on to the market because of appraisals coming in low. There's a shortage of rentals as well..Its crazy.
    2
  49513.  @MichaelBordenaro  The citizens are out most days cleaning up the streets, removing overgrown shrubs and cutting down falling trees, etc. They overcharge us for property taxes, utilities, our sales tax went from 8% to 9.5% (could u believe that?) Gas was between $7--$8/gallon - dropped to $4.50-$5/gallon. Diesel much higher. Up and down California - homeless people are taking over the streets, parks, etc. That includes many children - which our leaders never talk about.
    2
  49514. 👍✅🙀✅👍
    2
  49515. im 73 there image is more important than there wellbeing
    2
  49516. 35?? Dude I thought you were 45 lol
    2
  49517. $$$$$ it's all Comercialised...lol
    2
  49518. Head in the sand needs to visit the Gobi desert!
    2
  49519. Omg, every time i watch Travis, i think of you… and every time i watch you, i think of him… it’s like you two are brothers... i always think maybe someday you two do videos together... well it's today!
    2
  49520. Data shows, overall, rate of foreclosure is still less than before pandemic. Also, moratoriums on foreclosures recently lifted. Not sure housing market is a measure of recession. Two quarters of negative growth is definition.
    2
  49521. Michael Bordenaro when you come out here again you gotta go to the clean, peaceful beaches of Oxnard! You will love it..
    2
  49522. If it’s just a matter of replacing appliances and light fixtures that’s one thing but there is a lot of people (especially in Florida) that are charging way too much money and the inside of their homes haven’t touch since the 1960s. Forgive me if I don’t want to spend 650 K to 700 K on a house only to turn around and spend 150 K to update it.
    2
  49523. I must say I heard or saw nothing about red tide while I was there last week.
    2
  49524. Congratulations
    2
  49525. I really do appreciate the tour of my state! Some of these places I may never see with my own eyes, but these videos are the next best thing. Thanks.
    2
  49526. We've already been in an 'official' recession for a long time. Just because Joe Biden doesn't want to admit it, doesn't make it not so
    2
  49527. Car insurance is 1k a month for me. It’s crazy, 1 vehicle.
    2
  49528. Yes, definetly the nicest place in the area. Discovered South of Fifth about 13 years ago on my exploration walks through Miami Beach. Nice to see, that is has been updated in many parts but not lost its diversity and charme. Although, as with all hidden gems, once they are discovered, cost to live will rise. I remember, that 2005 some of the smaller properties were well below 500k still available. Times change
    2
  49529. great video, enjoyed it, most of it was blurry though, Thanks!
    2
  49530. Bougainvillea…..boo gan Veela…….love your tours.
    2
  49531. Really good quality Video. What phone are you using? It looks as good as a professional camera 📷
    2
  49532. Good news 👏 Government has not found a way to print gold and silver! Blessings from the sky. Always take delivery
    2
  49533. Thanks!
    2
  49534. If the rate is fixed (not varied) - there is no real risk (beside just paying the mortgage rate) - isnt that true? Its not like with varied rates - the mortgage does not change in case of fixed rates.
    2
  49535. Oh no Michael, it looks like you needed a boat this morning. I wouldn't mind getting another tiny house or small house again in two maybe three years from now just in a better neighborhood please. Love the size of my current tiny home one small bath, bedroom, kitchen, livingroom and office. But wouldn't rule out something bigger now that I listened to more of your video. Thanks for talking more about house flipping and making me think twice about possibly doing it, especially now.
    2
  49536. Nice story Michael.
    2
  49537. if you are from Cali, I ran away and there I am. You re bubble follows you. Salt lake is in so much trouble because of Tech people from the Bay Area.
    2
  49538. Man Spokane wa is never gunna come down value if the big states keep screwing up this way
    2
  49539. What I started to see was that Bitcoin followed the stock market and this stock market is about to take a dump. When Bitcoin goes below around 12 grand, I'll buy it back.
    2
  49540. No to pandering at the end of the video. Those guys can suk it!!
    2
  49541. Miami is can only be purchased by multi millionaires…. Just think. A hamburger is going to be 50 buck in Miami for lunch ..
    2
  49542. rent control always ends up reducing inventory. always.
    2
  49543. Next time you should give a concert.
    2
  49544. Michael you just said the same thing as me, why don't insurance companies spread their risk everywhere. Brilliant!!!
    2
  49545. Affordable apartments... good idea. Affordable homes will only be affordable for a small amount of time. Those buying them will start to resell them, and before you know it, affordable homes are no longer affordable.
    2
  49546. a reformed inflationist, just like a reformed criminal. the story goes i used to do crimes now i just report on it and get paid.
    2
  49547. How can I contact you in private since we are thinking to buy beach front property for short term renting.
    2
  49548. Hi Michael, is there a charge for the consultation?
    2
  49549. Also...rates should be above inflation. If you raise rates to the real inflation number...well...that's a touch above 7%
    2
  49550. Welcome to Miami
    2
  49551. Thanks
    2
  49552. With the HOAs at $800+, they can give the condos away but most people still won't spend $800 HOA plus $350/homeowner's policy, plus $150/car insurance; plus $300/mo for proeprty tax ($1,600/mo) before you buy groceries.
    2
  49553. Wait until you hear how "Martinez" is pronounced. Much different than how Georgian's pronounce it.
    2
  49554. Human videos > AI videos
    2
  49555. Biden pumps $49 billion to economy by cancelling that amount of student loan this week. Pushing the recession to 2025.
    2
  49556. They are not including the sellers assist and incentives. So prices are actually going down, they just manipulate the numbers.
    2
  49557. No one can afford a house making $70k a year or even paying rent in certain cities.
    2
  49558. investors pulling out of the market. (commercial and residential ) and unemployment is going to cause different work commutes (sell house) . In about 1-3 years.
    2
  49559. Speaking of side hustles Michael, are you still doing any modeling? I remember that modeling is what originally brought you to Miami.
    2
  49560. I really want to move to Miami and have been thinking about it everyday. Maybe it’s time
    2
  49561. Another great informative video. Thanks and Merry Christmas!
    2
  49562. From my readings, south Florida is highly highly corrupt.
    2
  49563. If they can, the landlords out there should try to convert the APTs into condos, if they are allowed. Don't know
    2
  49564. Yeah, here comes the tsunami. Get ready to live in your car.😢
    2
  49565. What area does your grandfather live in
    2
  49566. Time to either pay your bills, with lots of newly printed magic money
    2
  49567.  @MichaelBordenaro  It was great! I love exploring down there! In addition I was also able to visit North Beach MIA, Hollywood Beach, Fort Lauderdale Beach, Alligator Reef/Robbies, Dry Tortugas, Sombrero Beach, The Turtle Hospital and Bahia Honda a bunch of times. I lucked out as the water was crystal clear (sometimes there can be a lot of seaweed) for as far as the eye could see at Bahia for most of the week. There were big stingrays and all types of aquatic life swimming around early in the mornings. Absolutely amazing! The sunsets from the bridge are breathtaking too👌🏻All around that park is my favorite place in Florida👍🏻 Can't wait to visit again 😁
    2
  49568. Southern California 78
    2
  49569. NYC Building enforcement is a dark dark hole that you do not want to get caught up in. This city is a disgrace....government corruption and incompetence rules all, and the people just gobble it up, it really has a flavor of communism.
    2
  49570. how dose he find doom every day?
    2
  49571. Great video Michael
    2
  49572. i'd wait until the end of spring (at least)
    2
  49573. I agree Michael, I watch a lot of YouTube also
    2
  49574. Amount: a quantity of something, especially the total of a thing or things in number, size, value, or extent Number: an arithmetical value, expressed by a word, symbol, or figure, representing a particular quantity and used in counting and making calculations and for showing order in a series or for identification Dude, I wouldn't give a dime for the difference between the two. And a dime is both a small number and a small amount 😉
    2
  49575. I like you. Your HONEST. SHOW MORE
    2
  49576. Investors are still praying for an immediate fed pivot: to let inflation spiral out of control to avoid an asset crash. Inflation benefits the rich and condemns the poor. High interest rates benefit savers (and those who can't invest, like the poor) and hurts investors. People unaffected by rising interest rates or inflation are the rich that don't use credit (Ramsey): they are spectators in the drama for the past decade.
    2
  49577. Thanks!
    2
  49578. Another great walk & talk - I love the view of the intracoastal! I've been thinking about buying treasuries too so we'll see what the rate goes to......Woah! The 2 year Fed rate just jumped to 4.117!
    2
  49579. Where is data to backup the 10% figure being used?
    2
  49580. Yes, we will definitely do it again. We loved St. Augustine, Amelia Island, Destin and missed so many other places in between, so next time we’ll need to stay little longer to enjoy it more. You need at least a week to really absorb St. Augustine and the surrounding attractions. Oh, we missed the Florida sun and walking on the beach so much. Keep bringing us these nice videos, Mike. Hope you enjoyed your Birthday😊. P.s. I told my hubby that if we don’t move to Florida at least I want to bring Florida home by redecorating my house into Florida theme (somewhat), so I’m on Pinterest looking up some ideas, lol.
    2
  49581. institutional investors are the scum of the planet, they pretend like they "save" places, like Mittens Romney (R-Utah) but they usually just milk them dry of all money and make the quality much worse for the properties that remain intact.
    2
  49582. Then trump House is Over a Billion Dollars for sure and taxes north of 50 Million
    2
  49583. When is it a good time to go swimming at Miami Beach without fear of getting stung by anything, such as by jellyfish or sharks? Is December a good, safe time to swim in Miami Beach? 👍🏻
    2
  49584. Hi Michael! I’m one of your loyal fans. This is one of your best videos!!! Awesome words….. wisdom at its finest!!! Thank you for all you do!! Keep up the amazing work! I’m always in sync with what you say. Means a lot to me. And you never fail to teach!!!! Super super job!👊🏻🙌🏻👍🏻🙏
    2
  49585. Glad to live in an area with low cost of living and decent paying jobs.
    2
  49586. It is normal to be hot in Florida
    2
  49587.  @MichaelBordenaro  Every time I ever tried that they declined my ass! :)
    2
  49588. I live in Illinois too and I’m moving to North Carolina next month with a roommate. For me, my parents love me to death and I love them, my dad is like my best friend and I have a great relationship with my mom and they’re my biggest supporters in my move. For me, this is making it super difficult emotionally and when the day actually comes I’m going to feel devastated. But this what I want deep inside. There is nothing else for me here. Everything else sucks in this town.
    2
  49589. I want to go to key West for the winter looking for a place to stay.
    2
  49590. Just renewed my homeowner's insurance here in Aurora, CO at $1800.00 that includes extended coverage. Property tax is at $5k (2300 sq ft, 3 car garage). I know the homeowner's insurance seems high; but our values were up over by 20% in the last 3 years. We had a recent wild fire in Boulder county and Superior (Marshall fire) and many homes were destroyed and underinsured...
    2
  49591. Well done on 100k Subs very soon...shows your doing it right.
    2
  49592. yes - with each year owning does get better
    2
  49593. The hotel lobby is out to kill AirBnB
    2
  49594. lol by the thumbnail it looked like you sneaked into a home construction site for us
    2
  49595. Thanks Michael.
    2
  49596. Can you also talk about SVB and bank collapse?
    2
  49597. Right there with you!
    2
  49598. You’re opinion is solid
    2
  49599. Thank you for letting people know about the wire fraud. I was a victim on a 870k closing July 1. This fraud actually occurred after funding during the distribution of the funds from the Escrow company located in Dallas. I recognized an issue within 45 minutes and had the FBI/Secret Service on the phone within 50 minutes from the wires going out. The Realtors, attorneys and one small lienholder received the proper funds. Myself and the main lienholder received nothing. A week later 293k of 296k to the lienholder was recovered and only 57k of my funds (over 430k). The escrow company did not call myself or the lienholder to confirm any information during the closing and they refuse to file an insurance claim saying; they see nothing they did wrong. Since that time they have complete changed all protocols for wire confirmation and they still refuse to file a claim. After 25 years in Real Estate investment I have never seen anything like this. Needless to say I am filing a legal action against this escrow company. Folks please be very much aware. If they don't have proper confirmation protocols in place make sure you insist on a phone call, a fax (fax is very good and you can't hack it) or another means of assurance.
    2
  49600.  @MichaelBordenaro  I really feel the need to share this as much as possible. I appreciate you doing so with you're audience. I is a huge service to unsuspecting buyers and sellers. Most of which would have never seen the issue when I saw the issue and they would have lost everything. Investors know when something is not right.
    2
  49601. I think you take Lizzy along for protection from California mountain lions :)
    2
  49602. Where are you "by the bay"?
    2
  49603. Happy Monday Michael and Thank You! HAHAHA The leaf blowers are following you Michael! Much louder in Miami though.
    2
  49604. 3:35 all those listed are places I would never live
    2
  49605. Mb is on point
    2
  49606. I wanna crash to buy a bigger place; my daughter with 2 kids too. Prices in Oz still high coz of high immigration and international students et al pushing up demand.
    2
  49607. Insurance is a frigging scam anyway but compulsory insurance is worse.
    2
  49608. I have a 97 SS with 6spd. How many of those were made? I've never found a final number. Great video and nice car! Thanks for sharing!👍
    2
  49609. No landing for the people on wall street. Meanwhile.. main street is slowly suffocating. Guess we know who the Feds care about. We are on our own.
    2
  49610. Michael; I subscribed to your channel a few weeks back and am glad I did. I thoroughly enjoy your technique of walking in a neighborhood while you give your presentation. Then, a couple of days ago you did a presentation with Nick from Reventure Consulting. I was tickled, figuratively speaking, as I subscribed to his channel months ago. Knowing that and he were able to tean up to do a very formative presentation made my day. Keep up the good work. Maybe we can meet over lunch someday after I finish my move (from Chitcago) to Fort Lauderdale later this year.
    2
  49611. The Atlanta FED has a GDP forecasting tool called GDPNOW and it did forecast 2.4% for Q2 so it was right on the money and it now is forecasting 3.5% for Q3 when everyone and their Mother was forecasting like 0.8% so almost recession but if the FED tool comes out to be right once again, 3.5% will not not happen without some inflation going on so who knows what next few months bring?? Spike in growth and inflation and the FED hikes even more than anyone right now thinks? What a freaking mess, no one knows what is going. At least the Atlanta FED has a nice website hah!
    2
  49612. Always great info, thanks brotha! 🤜🤛
    2
  49613. Crashing the petro dollar is all by design. It's called the Great Reset. " You'll own nothing and be happy" is part of The Plan.
    2
  49614. Look at Crooked Creek in SARASOTA . SEND THE POPO.
    2
  49615. Living any where close to Publix is convenient LOL. I like it around 69 st
    2
  49616. 20%... otherwise known as 40%. But I think that's just an attempt to not think how things are as bad as they are. Edit: Yes, there's a split definitive.. sue me... 😊
    2
  49617. Please do a video with Jared jones!
    2
  49618. I don't think he was being a jerk. I see lots of people "doing well" that are in debt. A friend of mine just left today on a 1 month international trip on borrowed money. Doom spending?
    2
  49619. Great video MB! Very eye-opening! Thanks! So jelly! Florida is so beautiful!
    2
  49620. Happy New Year Michael!
    2
  49621. That shack for 1.6.....it's to drive prices up....only the rich need move in
    2
  49622. Happy happy 3 years, thank you so much for everything you do!!!
    2
  49623. Hello, I ordered something on Amazon about a digital item. Roblox. I ordered like 2 of them and they did not send the code or nothing. I checked in digital software where you get the code and it is not there. It has been over 3 days and I still did not get my code. What do I do?
    2
  49624.  @MichaelBordenaro  thank you !
    2
  49625. Well the Government keeps giving free things away but, in reality nothing is free people who own things pay more
    2
  49626. good I hope that you can convince some people not to come to flo, we don't need them, see when you live in Miami you can sleep with the peace of mind that it's going to be the next day, we don't have earthquakes, we don't have so many transient people living in the street boy i love Fla
    2
  49627. We out in here in Miami
    2
  49628. You are wasting time talking about Tik Tock, stay on point. Love your channel.
    2
  49629. Very helpful. Thank you!
    2
  49630. That was a beautiful evening and it wasn't dark at all. Excellent idea. Great content with a very pragmatic thought process.
    2
  49631. How does an NAR settlement effect any realtor who isn't a member of NAR. Just don't be a member and do what you want as an agent.
    2
  49632. Honeymoon island looks beautiful! I can't wait to visit! ☺️
    2
  49633. Good job Mike, remember common sense always prevails
    2
  49634. 👍
    2
  49635. The increase in prices is more like 50% for lots of items, not 5%
    2
  49636. I moved from Hawaii for 13 years (most beautiful place I’ve ever been) to Florida. I’m glad I’m here. Beauty and perfect temps in my opinion become just normal after a while. You could build up passive income with vacation rentals etc and then spend summers there. Then the beauty never gets old and you have something to look forward to. Look at you you’re doing great here don’t give it all up just for nicer scenery.
    2
  49637. Lissie looks so pretty in that dress! It's nice to see her ❤ Florida's a mess now with the glut of condos & the insane insurance costs here. This is our 5th year here & we look forward to moving if we can in a year or two. I dread the impacts in the next year or so. 🤯
    2
  49638. It could be much worse. Look at China.
    2
  49639. Can you do a breakdown of the michigan real estate market preferably around Detroit area thank you
    2
  49640. If they give you a signing bonus for the business book you have. It’ll state that you need to stay within X amount to retain your signing bonus.
    2
  49641. Lol…my Grama gave my the soap in the mouth for using bad language too!!!
    2
  49642. I like this walking 😍😍👏👌
    2
  49643. The lying talking heads are coming out now saying people's savings rate is starting to go up. Don't believe the lie, they are including billionaires to the report, who are pulling cash out of stocks.
    2
  49644.  @MichaelBordenaro  Hahaha. Really nice to get around to see Florida.
    2
  49645. I live about 1/2 hour away from Vancouver Canada. Houses in my neighbourhood that were selling for 1.7-1.8 million in February and march 2022 is selling in June 2022 for 1.3+ million. Over a 300,000 drop in 3 - 4 months. And it only the beginning. Our realestate board of course won't report the drops, they want people to buy more. Believe or not, the realestate board tells everyone on the news that house prices will be at least 13% higher this time next year. Unbelievable there is no law against this type of lies. If people understand that house prices are dropping like a rock, they won't be buying until they feel we are close to the bottom. We are far from the bottom. It's going to be prices drops for years not months. Get ready to get the cheapest deals of your life time.
    2
  49646. I think I agree. A lot of people that have bought a house or refinanced under 3 1/2% interest rate are not going to put their houses on the market with the houses doubling in price and the interest rates almost at 5%. Most people are trapped in these low rates and are not going to be willing to sell. Also people not being able to qualify for a mortgage with a higher interest rates.
    2
  49647. Plot twist. Me and my wife are moving from Spain to Boston to work, so we can afford to retire in Spain in 20 years.
    2
  49648. Looks like a very nice area, although not a fan of northern Florida.
    2
  49649. Glad our kids bought homes years ago at those crazy 3% rates. We bought distressed property thirty months ago, cash. Thanks to owning shiney relics we bought in 1999. It was great for us, we added bits here and there all along our way. If you look at one hundred properties you will be expert if you pay attention. Lose a good deal? Keep working, looking! We also did well with two rentals, we were strict! Sold those at the top. More water views please and maybe some water creatures?
    2
  49650. 8 months. West Palm Beach Native. Cool channel.
    2
  49651. Thanks Michael 👍 😊
    2
  49652. 😂 You're Funny!
    2
  49653. I don’t think the Feds could/would save everyone this time.
    2
  49654. The German in Venice hangs out over there say high to him he's a fellow utuber
    2
  49655.  @MichaelBordenaro  Y'all have a blast! Be safe but live it to the fullest!!!
    2
  49656. i watch both of these guys lol
    2
  49657. State Farm is raising the rates 20% in California starting next week 😱😱
    2
  49658. Hiiii William!!🤗 Thank you for being here and supporting his channel!!🙏
    2
  49659.  @MichaelBordenaro  Unfortunately, you are right. Paying almost $600,000.00 for a condo in the burbs just sounds too expensive to me. However, that is the way of the world these days.
    2
  49660.  @MichaelBordenaro  Right?! I was incorrect. It is listed for $839,000.00. Still...that's a huge increase from it's original selling price back in 2008.
    2
  49661. Michael and I Allegedly doing long walks in paradise :)
    2
  49662. That's 100,000 dollar's before taxes to get the 75,000 for rent has the whole world gon nuts only a fool would pay that
    2
  49663. Good podcast, thank you. IMO, it could have been at least five minutes shorter while sharing all the information.
    2
  49664. Great video. I like the way you and Nick break things down. Real Estate 101..first rule location, location, location. Second rule you don't buy an interest rate. They will find out very soon why no one ever before decided to take the Fed rate down to zero!!
    2
  49665. they were giving away houses in 2012. of course everyone from then is paycheck to paycheck now. buy as big as you could afford. that has only happened twice. average net wealth is up. the incentives for saving are nil.
    2
  49666. Hey buddy! Maybe NJ to FL? That would prob be hard for you to do though if you never lived in NJ.
    2
  49667. My area is all cash buyers. A loan won’t help me. Prices are vertical as well. I’m pretty sure I missed the boat this time. Regarding Blackstone, it’ll get a life line from the tax payer because “it’s too big to fail”.
    2
  49668. layoffs are terrible for the individual, but absolutely necessary for the economy. You do know that slowing down the over employment rate, and housing market is the purpose of the fed increasing interest rates, its all about inflation. When inflation gets back down to normal rates, you would expect the fed to ease off on rates. (not lower rates).
    2
  49669. Is it expensive were you live
    2
  49670. If you dont mind what kind of work do you do
    2
  49671.  @MichaelBordenaro  real estate awesome. What kind of homeowners insurance is mandatory when buying a house in florida. How would you know if your house is in the flood zone
    2
  49672. That’s a nice walkable area. Can highlight areas in Broward?😊
    2
  49673. These lenders are doing it to bring down the value of the other long-occupied homeowner house values when these one-percenters have to bail. Banks buying low and driving the price down in the whole neighborhood for a swoop. Banksters will play...
    2
  49674. I just paid 43500 after taxes for a fricken Honda crv wtf. I didn’t want to get a new car but my car was starting to break down.
    2
  49675. It might be time to move. I live in wpb and you cannot pay me to go down too miami.
    2
  49676. Excellent video, Michael. I enjoy all your videos. Please continue to make more videos. Have a bless day. Sharon
    2
  49677. Need to see two beaters.
    2
  49678.  @MichaelBordenaro  absolutely- you do you! 👍🏻when you do what you love , you sell love not a product. 😊. And it shows that you love what you do. Enjoy the lovely FL sunshine while I’m about to dash out, looking for my rain coat and umbrella ☔️😫
    2
  49679. Zoning is the only way to organize that. We already have zoning rules in play as a thing for years. So, if you are looking to buy an investment property, go check with zoning first to know where you can buy that allows it.
    2
  49680. Good morning, just saw this video after watching your new scam video and wanted to know if a title lock insurance is a good idea or a waste of money? Thanks!
    2
  49681. The weather is exactly why I'm moving from pennslyvania to Florida, PA is constantly cold, dark rainy and everything's dead for half of the year and there's nothing to do except going to bars and there isn't any body of water where I live within walking distance and the ocean is 600 miles away to the closest spot
    2
  49682.  @MichaelBordenaro  thanks for the replies and your attention. Glad you watched. I thought you'd at the least see the humor. He has a valid point regardless. Banks are always ahead of the curve and by design always mitigate losses.. Either way, I still don't see the water will be an issue or an obstacle for buyers. On another front, we are currently facing the next level of disaster... the great reset... this theory is now rearing its ugly head as the left becomes emboldened with a biden administration. I digress.. and don't want to drag you into this topic. However with fed printing more aggressively we will see problems soon. So the market will change and this is what I mentioned earlier...a global impact is about the only factor that lowers value in places like Miami. We have a lot of unknowns coming and this guy prefers to be in my own house when it does.. Adding i just realized I had not finished your video, sorry. I just did however. And yes I agree since I plan on sticking around. Otherwise I would not buy mostly since I also see the bubble. But again that will impact most markets. Take care.. be safe...be blessed.
    2
  49683. What is your thoguht on just buying land or a lot now? Is it overpriced?
    2
  49684. I liked the that coral stone fence you walked by and the joke and the good advice
    2
  49685. I think progressive is no longer doing new homeowners policy in FL
    2
  49686. In Florida anyway don’t they base your RE tax’s on the most recent purchase price , so if your overpaying that would stick with you versus refinancing when/if rates go down , hopefully not to the silly free money 3% rates .
    2
  49687. If you can't pay, negotiate, or have an attorney represent you. Your screwed. Try to sell. Your not getting anywhere. Who wants buy problems? No one.
    2
  49688. Anything for weekly rentals on the beach with furniture?
    2
  49689. not interested in the blockchain
    2
  49690. Hey! Your wife and I share the same birthday! Hurray for Taureans. I'm considerably older, though. Lol
    2
  49691. HOA fees
    2
  49692. MICHAEL, you smoothly expose the corruption, and tell the facts, freakin love it.
    2
  49693. The President cannot pass laws. Governors cannot pass laws.
    2
  49694. I moved to FL in December 2020. I ended up moving to Sebastian. I wanted a smaller town in a more conservative area. I really like it here. I am surrounded by the ocean and Indian River. It's also close to cities like Vero Beach and Melbourne. I'm currently renting and if I were to buy I'd probably like to find a place a bit more rural with everything going on. Just haven't quite found the perfect area yet...
    2
  49695. Thank you so much for the informative video! Super interested in Florida but wanna make sure it's "normal". lol Can you tell me... Are people a lot more friendly and laid back with everything? No masks please! lol Would love to hear your experience. I'll check out your other videos as well! Thanks so much!
    2
  49696.  @MichaelBordenaro  I'm pretty friendly and respectful so maybe I would do ok in the city and great in the suburbs. Lol Thank you for your honesty! You don't seem like the general real-estate agent(I mean that as a great compliment! lol Like when you find a car salesman that's not like a car salesman Lol). I told my Mom about your videos and she asked if I moved would I contact you. I said "Well he's putting out all this great, free information I'm learning from... Feels only right I'd at least contact him". :) :) Seriously it's so nice of you to give us all this information and content. Thank you so much! Yup! I'm definitely checking out all your videos! I love em!
    2
  49697.  @MichaelBordenaro  Yes! And if you're no longer doing it maybe you could play tour guide! lol
    2
  49698. I've got a cheap starter home I'm living in and a cheap duplex that I had lived in that I want to sell after buying a family home. But the greed going rampant is keeping me out of the market. I could have sold both my properties at 50% or more over there actual value, but I would be screwed if I did. And, I don't feel right about ripping off other people. Maybe that makes me an idiot .
    2
  49699. Through the fire and hire cycle my hourly pay is down 75%.
    2
  49700. The new St. Petersburg Pier is free although it's on a bay instead,it's really awesome!
    2
  49701. I hate cold weather. i don't mind snow, but I hate the cold. I live in a place where we get no snow but all the cold. Just punishing cold weather with no compensation. Why stay here?
    2
  49702. mike mike mike, ya cant save most of them, there gonna buy till there broke !!! theyll tell themselfs not us, no, no, but they made it so juicy in that pretty email !!! and were owed. ha ha ha
    2
  49703. Unemployment filing went up in Florida in the last week
    2
  49704. Some sellers still can't get that they lost their window of opportunity to sell and make some money......the market is going down faster than a thai hoo*er
    2
  49705. Texas pretty good as an entire state insurance wise however our coastline very open to huracanes just like this. Then we get strong tornadoes EF2-4 but only spotty. But worst is when gets freezing cold even down to South Texas! From an insurance standpoint I'd rather be in TX or central and northern FL. Hey how many people know Sebring is 135 feet above sea level? It is more than half way down the state. Ocala above sea level too by a considerable margin.
    2
  49706. Michael seems to be trapped in Florida. He is too young to be buried in the old folks' paradise.
    2
  49707. Are you a native Floridian?
    2
  49708.  @MichaelBordenaro  Dude, rental property porte-folio! I would go ape shit!
    2
  49709. I disagree on the refinance comments...You can refinance with less than 20% equity..but with higher interest rates and PMI, as well as the additional closing costs...but it is possible, in fact I've done it myself a couple of times in the past.
    2
  49710. Like the new doing things differently videos. Thank you from sunny So Cal
    2
  49711. I will never live in an HOA ever again. I lived with terrorist Terry as President, always nosing around asking questions. You try to be nice, but after a while its impossible.
    2
  49712. Great analysis, Michael. Useful information
    2
  49713. Nice vid man! Was wondering if you are planning a restaurant review video for Miami Beach. I got played a few times paying premium prices for mediocre food. I hit up a Cuban spot in north beach earlier this week. Food was excellent! I forget the name, but prices were good. I think it was on the corner of 72nd or 73rd st.
    2
  49714. You know..as you walk and talk. I have been looking at the houses and the overall codition of the neighborhood....AND........?????????
    2
  49715. Considering most Americans don’t even have $500 in savings for anything at anytime, how do people manage to come up with a $50k down payment for a condo or anything else? The average American makes less than $50k nationwide. That’s before taxes and deductions too. I’d say the banks need to work with real average working people in reality.
    2
  49716. Love the ocean side of FL
    2
  49717. Michael - Another great video. I say keep it real - Please do not fluff it up for the people that do not want to hear the truth. Like you said - watch another channel.
    2
  49718. I do not see a way other than having a deflation for couple of years to normalize income/cost of living balance. Yes, that means a recession, but to my view it is inevitable.
    2
  49719. What would you recommend for some who wants to buy in a couple months. I had to move back in with family and I have savings now and I don’t want to put that all down on a rental deposit when it’s would be close to the same as buying. Most places in SOFLO are 6k deposit for a rental. I would love to be able to purchase a home during the decrease in prices but interest is so high. I’m not sure what is a better move financially.
    2
  49720. Farmers cost have risen fuel fertilizer
    2
  49721. Just make sure if there is a wave corprate can't just buy it all
    2
  49722. there is NEVER a recession for the ultra-rich
    2
  49723. I cannot support a 40 year mortgage. Just like I was against ARM loans. Sure enough what I predicted came to pass on ARM loans. My Son is 31, and he would not be able to be free of a mortgage debt at the age 71. Your health changes so much in a persons sixties (just turned 68), that you are NOT in the mood to work until 70’s plus more.
    2
  49724. Thanks Mich!!
    2
  49725. BREAKING: Miami-Dade and Broward Counties in Florida are under a Flash Flood Emergency, with the threat considered "catastrophic." Hi Michael, FYI: since you’ve left Miami- Hallandale Beach, between Miami and Fort Lauderdale, has picked up more than 12” of rain in just the last 6 hours with more continuing to fall. This is on top of 4-6” of rain yesterday with more to come Thursday and Friday.
    2
  49726. ​ @MichaelBordenaro  I would say that it is the overall vibe and your personality is why I enjoy the videos so much. I live in Indiana which has really cold winters just like Illinois, I can relate to the story of the cold weather and wanting to get out asap. I find your story really interesting about your move to Flordia. I would say keep doing what you are doing because you are doing really good and I hope you get enough money to make a living off just youtube alone. I will definitely tune in for the 10k live stream! You are so close, you will most likely hit it in a few days!
    2
  49727. YES write to your congressman, about the new freddie mac llpas that penalize people who paid all their debts
    2
  49728. Back to work and back to California. So the rest of us can afford to live. By!!
    2
  49729. Thought you moved to North Carolina but you always in Florida in the recent videos. ❤ 😂
    2
  49730. I think blackrock will pick up the slack so we won't see a 2010 bargain dejavu. What do you think?
    2
  49731. One thing people don't realize. If we do go into a recession. You're going to run into people losing their jobs. They will probably squat and get evicted. In CA, a rental mortgage can be thousands of dollars. Some people won't be able to afford it.
    2
  49732.  @MichaelBordenaro  Eviction memorandums are still in effect in LA and San Francisco! Crazy times to be a landlord. Some of the local news stations have reported landlords at risk of losing homes worth over a million dollars due to squatters.
    2
  49733. Inflation cannot be fixed using monetary policy. Big corporations learned a huge lesson during the pandemic. They could create shortages and blame...... prices shot up. This problem cannot be fixed by raising interest rates as supplies will just fall by the needed amount to continue shortages.
    2
  49734. Beware of overcapitalisation.
    2
  49735. 8:56 Baobab trees. They're from Madagascar, Africa and Australia.
    2
  49736. Perfect responses to those entitled snowflakes Michael. I remember a time when your signature meant something. Btw, my wife was a professor and had a front row seat to how student loans were spent…BMW leases, fancy shoes, bitcoin, vacations and wait for it…plastic surgery. That’s something you don’t hear on corporate media feeds.
    2
  49737. add an E to the Title "No on" to No One*
    2
  49738. Thank you, we do enjoy the walk with you. One day, one day.
    2
  49739. As of March 11th the Federal Reserve is not going to bail out the banks. They had a 1 year extension which ends tonight at midnight. Be aware of bank runs.
    2
  49740. ​ @MichaelBordenaro hahah Mike, I just don't read at those comments, just your words and common sense, keep it up
    2
  49741.  @MichaelBordenaro  Yes, downtown is very very nice. As well with the North Side going all the way to Evanston and the further north to the wealthy northern small towns are very cute.
    2
  49742. Awesome law!!!!! 🎉🎉🎉🎉 move to Cali or New York
    2
  49743. Mike, you've got to go for a walk in Pinecrest one of these nice cool days.
    2
  49744. 👌you deserve this plaque buddy . You really do your homework. Keep it up
    2
  49745. I call super BS 600 miles on a tank of gas in a JEEP , known not to get the greatest mileage, love your stuff anyways lol
    2
  49746. This is a really great video, commentary as well informative.
    2
  49747. Happy anniversary🎉
    2
  49748. im canadian ..never seee morgage of 2 years..its 5 minimum
    2
  49749. Nice looking couple, and it sounds like the two of you have figured out what works best, in your lives. Congrats!
    2
  49750. And a lot of foolish people were willing to overpay in 2021. The prices are so inflated!!
    2
  49751. Not against electric cars, but alot us still love the american heavy metal, big trucks, big wheels, mountain or beach. What changed my mind forever about electric cars, is in bad accidents the hydraulics are dangerous and the fireman hate em cuz they can explode. I know this because my son is a former firefighter. Now, semi driver. See, big wheels....
    2
  49752. Thanks Michael, love the channel! Great content
    2
  49753. The good old refinance idea has disappeared.
    2
  49754. If you ate the food rather it's good or bad you should pay. If it's bad don't eat the whole meal and then try to get a discount or worse a free meal.
    2
  49755. states giving back the $$ is like me paying an extra $25 on my Credit Card balance of 20k lol
    2
  49756. Well run properties with nice features and amenities are doing fine. Lazy STR owners that have old worn interiors and are not customer service oriented are failing.
    2
  49757. i would suggest opening another channel for political opinions. they seem to slip into your videos. i watch plenty of political videos and come to your videos for a nice break from that. "anchor babies" are a very charged topic I just feel that content would better serve you in its own area separate from your Florida videos and your business.
    2
  49758. Looking good Michael ! Next you be wearing a suit lol!🤵‍♂️and omg 3D homes ! I bet you there is a catch there too! Like mobil parks ,they charge arms and a leg to be attached to a utility and pipes! Not to mention the land !🤔
    2
  49759. dang it i live in florida what do i do!?!??!!!!!!11!1!1!1!
    2
  49760. 👍🏻
    2
  49761. Yes, but if they do this, it could force the community comanes that use their space can be locked out. Thats what we work does.😊
    2
  49762. Michael, when are you heading out to California?
    2
  49763. Single car garages and over 1 million.....sorry.....I would not buy if I was living there....I'm in Hawaii on Oahu and prices are dropping.....my wife and I are renting for now and waiting till we see a single story at a payment rate of about 3000 to 3500 max for a 1800 to 1500 sq.ft. home with modest back yard....and newer home to boot....we'll wait....I seen this before except this is the worst I have ever seen....thus is 1970's and 1980's combined but 10 times worse....party over folks....our company is growing and we are acquiring new customers and larger commercial accounts....this is the time to open a business and we are a small company....we went from 5 Technicians to 12 in 2 months and about to cut another big deal with a larger commercial account
    2
  49764. I sold 130 of my PTO hours at work to pay on my Credit Card. Of course the government taxed the heck out of it.
    2
  49765. I trust this administration not at all to tell the truth about anything.
    2
  49766. It’s about 120,000 US dollars
    2
  49767. If the economy changes for the worst, these remote workers may be let go. If a large phase of these workers gone could and should help this case.
    2
  49768. Great video and predictions thanks for this!!
    2
  49769. Enjoy your outdoor video! Would love to retire there! Someday soon!
    2
  49770. Social Security is just a big ponzi scheme. It was created after Great Depression to make ppl retire so the younger generation can take over the jobs. Also ppl didn't live this long back then so the math worked. Not any more.
    2
  49771. At exactly 6:50 the hot girl looks back at Michael. And now back to our regularly scheduled content...
    2
  49772.  @MichaelBordenaro  Thank you
    2
  49773. Thank you for keeping it real! Ignore the snowflakes at all costs!!!
    2
  49774. Owners with NO skin in the game. What could go wrong???
    2
  49775. The Fed will destroy all of our assets other than gold & silver.
    2
  49776. California is literally killing itself
    2
  49777. ​ @MichaelBordenaro  I think the COA got hijacked to push all others out and keep the land for themselves. I also think something similar is taking place a couple of blocks away from the Deaville, it's called Casablanca on the West.
    2
  49778. Yes and no. From what I have seen, almost all buildings, even condos, impose some degree of rent restriction. Many require a minimum lease term of 6 months or a year. Others limit the number of times per year that the unit can be rented. The only places that seem to allow daily/weekly rentals are single-story casita/villa type buildings with fewer than 10 units.
    2
  49779. "this time it's different" this bubble is similar to 2000 bubble but worse. Recall the fed lower rates after ltcm debacle then added massive liquidity into strong economy due to Y2K lol. This one is a even worse... Covid unicorn... With massive fiscal spending... Generational bear mkt in risk assets --RE, stocks n Bonds... Also the world is now in sync... Before one continent would be up another down..covid shutdown n reopen synced all economies... Just started. Should be 10-20 yrs of poor growth Bec of inflation
    2
  49780. Seeing a ton of commercial buildings with “available for lease” signs in Seminole county Florida.
    2
  49781. Great show! Are you ever coming back here to the Midwest?
    2
  49782. Never thought I would say this. Government is gonna gave to give people money. UBI. Damn. Canada gallon of milk $11. Think when that hits here.
    2
  49783. Thanks!!
    2
  49784. I’m self-employed and financially do fairly well
    2
  49785. People trying sell dumps for 500k are delusional. Case & Shill.
    2
  49786. Okay I LOVE the end of this video MUST WATCH TO THE END! This man always speaking the truth. I love his videos👍👍👍👍👍
    2
  49787. Hi Michael, I am in Miami. I love the weather but I do not like the congestion and density. What cities are more guarded from overdevelopment?
    2
  49788.  @MichaelBordenaro  thanks for the 411 on florida. keep up the great content.
    2
  49789. Isn’t Belvedere Illinois where the Stellantis Jeep Cherokee factory was shut down?
    2
  49790. Hey, did you sit on your sunglasses? If so, I'm really glad... you have such gorgeous eyes!
    2
  49791. A family member of mine bought a bigger house in Summer 2021. They "could" afford it..at the time. But, since then, inflation has killed their finances and now have many thousands in credit card debt. I hate to see it. They have 4 children so they are hugely susceptible to inflation with that many mouths to feed. I'm sure many people are in this situation where they bought near the top of their range in the last two years and now can't afford to live normally.
    2
  49792. @Michael Bordenaro  One of the main reasons I like your content is you're not living in a fantasy, and you speak to real situations and circumstances people are facing. I haven't bought a house yet, so I am a future first-time home buyer who finds your content very informative.
    2
  49793. Will rising insurance rates be the determining reasons for people too consider leaving the gotcha state???
    2
  49794. When you are buying a house with a mortgage, you are renting too. You are paying rent to the bank in the form of interest payments, and paying rent to the government in the form of property taxes.
    2
  49795. Hey hey hey lol west palm beach have places free too if u know where to go lol 😜😜😜 but you right , up north is so nice
    2
  49796. Every government administration, Republican or Democratic, has been overspending for decades. I’m beginning to think we need a new political process. Maybe Javier Milei for president?
    2
  49797. If they can just print $$ why should we pay taxes?
    2
  49798.  @MichaelBordenaro  There’s really no decent surfing there. My only choices are Ponte Vedra at certain times of the year or New Smyrna otherwise I have to drive down to Sebastian inlet hours away but mentally I just need a break from crowds. I’ve been doing tours every night after my 9-5 job except Wednesday this month so I’m burned out dealing with large groups and competing for parking or lines at the post office daily for example since it’s tourist season in St Augustine now. September tourists go home then return and come back from Halloween till St Patrick’s day
    2
  49799. 87 in southern AZ. Wonderful.
    2
  49800. Michael, I think inflation numbers are a lot higher than what they're Saying. Somebody's Fudging with numbers.
    2
  49801. I live in a band aid community
    2
  49802. Michael, I would like to move from where I am now (VTA County) to a bit north of where you are looking for the same reason, my health can't take extreme heat anymore. Marin is super pricey but north of there is very reasonable & drop dead gorgeous with Coastal Redwoods right on the ocean. CA coast gets cloudy during Summer with AM marine layer that burns off around noon. NoCal people are the best (IMO) & I'm a SoCal (LA suburb) Native but I left in 87, will never go back to that jungle. As far as policies, each county decides their own & LA must be strict due to rampant disease (!) more rural areas are very laid back. BUT, we can't afford to take care of any more deadbeats that get sick & leave us with the bill (we lost 95K people with 10 million cases so it matters) some counties went bankrupt (Kern is an example) due to "policies" that overwhelmed the medical system. If masks are more important, you best stay put. Transplants typically have some sort of fantasy / wet dream that will wear off with the novelty (since it's not about work or family) as a Native I'm always HAPPY to see the complainers move onto their next grass is greener adventure elsewhere. In fact, I LOVE when people LEAVE! The transients have not made this state BETTER, that's for sure! :goodvibes:
    2
  49803. Thanks for the video!
    2
  49804. Mr. Producer
    2
  49805. Does the background of thumbnail show Champlain towers?? Hard to tell but crazy if so because he published this 1 week earlier with that title
    2
  49806.  @MichaelBordenaro  oh ok . Thanks
    2
  49807. yes
    2
  49808. I live here right now
    2
  49809. Wait a minute here. If the investor can't afford to keep investment properties bc of high interest rates and expenses how can the avg loan buyer afford to buy it?
    2
  49810. California prices sigh
    2
  49811. There's 3 cities on the California coast with median less than 600,000
    2
  49812. Breaking News 2 trillion dollars 2022 "Inflation Reduction Action " How is that working out for everyone?:face-green-smiling: All my exes in Texas are changing their SEXES.
    2
  49813. I have cash in my pocket ($2000) all the time and do pay with cash. CC is tracking everything you spend money on.
    2
  49814. Keep doing what you’re doing, brother. Appreciate the blunt and honest point of view. Things are going to get BAD.
    2
  49815. There's a way EVERYONE can get a 30% raise... Stop paying federal income tax.
    2
  49816. FOHO Fear Of Holding On
    2
  49817. I knew you'd see the writing on the wall as a fellow Illinoisian.
    2
  49818. That’s like a salesman trying to sell Ice and snow to an Eskimo. Please pay us back our money so we can redo the loan at a higher rate and a new down payment on the new loan. We won’t even charge you for early repayment. You can make a counter offer to buy your loan back at a seriously discounted rate. If you owe like 100k, offer 25- 40k for cash to buy your loan paper back. Just tell them, I don’t have the money to pay off the loan and get a new one, however, you might be able to scrape some cash together if you get your loan paper and deed back for a lesser amount. If you say, my loan is upside down, can’t get new long term financing on it, property value dropped. I can’t flip the home cuz no buyers. If they are going to go BK then they might scrounge whatever cash they can before filing bankruptcy.
    2
  49819. I forget these days, are we talking about Beanie Babies or houses!? Either way, what is wrong with people…..
    2
  49820. GiV
    2
  49821. Great buys! However, seems like you tie up a bunch of cash that would further your real estate business, if used in paying down loans, or picking up more rental property. Also beware, Gold and Silver do "Top" all the time, and if you get in at a top, you can be screwed. For example, the GLD fund, was higher than today, back in 2011. That said, if there ever was a time to buy Gold, now probably is one of those, since the US government is indeed printing dollars like toilet paper. But just be careful. if we continue a global depression, and US dollar is "the cleanest dirty shirt", Gold could sit right where it is today for another 10 year slump.
    2
  49822. Thanks!
    2
  49823. Thanks for checking out NSB. It's always been pretty sleepy unless you go out drinking at night. Boating, fishing, and usual activities in any Florida coastal community are also available.
    2
  49824. We won’t get sick of you! People planning the move always want more rather than less.
    2
  49825. My dad wants to go to California.
    2
  49826. its true that it might not all crash and burn but if you add everything up there are obviously WAY more downward forces then upward and all of these "resources and experts" that try and paint a rosy picture i have to think they are just trying to buy elites more time to get out and/or just trying to set up people who don't understand to have the rug pulled out from under them. its really sad and disgusting.
    2
  49827. If people planted food crops on their property, instead of grass, there would be much less noise. I won't even mention all the other benefits of acting thusly.
    2
  49828. Another good video. Thank you Michael. I do like that idea about FED wants the home value to go down. That means I don't need pay to high property tax. The property tax are not fixed in Texas.
    2
  49829. I'll believe when I buy one...
    2
  49830. The economy crashes when we get surprised by "facts " Right now everyone is expecting this thing to crash.... Plenty of time to support possible problems
    2
  49831. The Feds use an outdated CPI formula to set the inflation rate. Consumer Price Index pricing of goods has not been updated in years. Obviously the cost of goods increases every year. I believe REAL inflation is about 17% (or more)......
    2
  49832. The majority of VA foreclosures are probably the same demographic associated with car repossessions. These lenders handing out the loans know at some point in the near future the borrower will stop paying. The lenders made their money in fees and now they take it back. Totally predictable.
    2
  49833. It’s just air b n b being super greedy with their fees which is the reason those prices were so high in the first place.
    2
  49834. I would like to know.
    2
  49835. Since very wise words. Hope you helped someone.
    2
  49836. Hi Dad!
    2
  49837. I'm in a house that the cost to repair is more than it is worth. I'm 66 and will have to have some place to live. I'd much rather buy a house than rent. Any sign of improvement in the next year in starter level houses?
    2
  49838. Talk about Job replacement . How about when you going to White Castle and they have a robot making the fries and hamburgers 🍟🍔 . Now you only need one or two people working in the whole place . Who's the same McDonalds Burger King Kentucky fried Chicken and all the rest of the fast food things they could all do that too . The robots program that doesn't make mistakes . The robots don't call in sick for work or show up late or leave early because of an emergency . There's a lot of warehouses around that having robots put the boxes on the shelves and do the inventory and stuff. Does anybody realize the Amazon warehouses . 80% of the jobs could easily be replaced by robots automation ? It's already happening just give it time . Everything could be done that way in the warehouses Federal Express UPS . Even the post office could get in on that some . And look at the new delivery vehicles too . Some of the fast foods that you want to deliver to your house . They have a robot now that will come to your house . Amazon was also looking into drone delivery . People are being permanently replaced by automation those jobs won't come back. Has nothing to do with the economy whatsoever . All these migrants always come cheap labor they claim . Years from now there won't be a term cheap labor anymore . You won't need humans to do most things . Look at some coffee shops in Korea . They have like one person working there in the robots make all the coffee ☕. Starbucks could easily do the same thing too. As the cost of Labor rises . It's more inviting to have a robot do it instead. So places that normally have like 8 or 10 people working there now have 1 or 2 and bigger warehouses and stuff that have 50 people working there will only need like 5 people . What's the population of America going to do when the population of robots keep increasing and increasing ?????
    2
  49839. Shortage of buildable land, NOT true ❗🇺🇸.
    2
  49840. We are same. Now waiting to look again, starting Q1 2023 With thoughts of being patient and potentially would be Fall 2023. Its a moving target. Bottom line, not buying in 2022 Good luck 👍 🥰
    2
  49841. Michael did you watch German in Venice. He did a video on the stores closed in Beverly Hills. Also I see your sound an interview with Brandon on CQA on Friday.
    2
  49842. Hey Michael, I had to laugh at 10:00 when the construction vehicle went by. Enjoy your videos!
    2
  49843. Thanks for this video buddy, really helpfull. I believe would be the same for people being just relocated to the USA? My company is transferring me from London to Miami, I do have a good income and the company can give my contract details but as I will just arrive to US I won't have a credit history. Does it apply or would be any easier?
    2
  49844.  @MichaelBordenaro  great to hear, thanks buddy. I'll be moving most likely July. Will get in touch for your additional support. Thanks a lot!
    2
  49845. It's not going down here in Tulsa. It's going up 😮
    2
  49846. i like it
    2
  49847. You can buy a 640 Sq' mobile for about 70k. Good luck finding land to put it on. It will take some billion dollar law suits to get the laws changed.
    2
  49848. Nobody in the neighborhood you are walking through has to scrimp
    2
  49849. I laughed when you quoted a guy talking about the economy and you have no idea who he is. The funny part is people follow this kind of advice all the time and have no idea who or where it really come from. There are lots of Havard and other prestige college economic students who get paid to write lies in financial magazines and blogs to make people invest or believe their advice to be true. I don't blame them they have to pay off their student loans somehow. Do your homework people !
    2
  49850. What camera are you using. The quality is really good. Awesome vid as usual.
    2
  49851. Might be going to Florida for two months. Love videos like this. Gives a view on what I'm facing.
    2
  49852. Our host is right. The next Fed move should be a rate hike. However, the political Fed will take instructions from the O’Biden WH and will lower interest immediately before November elections
    2
  49853. If everyone collectively hopes for that crash and sings kumbayah then maybe it’ll happen!
    2
  49854. ​ @MichaelBordenaro My favorite 😊
    2
  49855. They slid a lil today, They will go up for sure, stay high for AWHILE
    2
  49856. # sarcasm
    2
  49857. Hey Michael, Dunedin... pronounced Dun..eee..din is a a city founded by folks from Scottland. Just south of Palm Harbor, the area is sleepy but has a nice downtown. Houses are quite expensive and neighborhoods are great. Too sleepy for my taste and yes it's expensive.
    2
  49858. Banks and mortgage companies are scared to death for loosing money again! It’s a big bluff! The unemployment numbers are fake and the average person doesn’t have that kind of money to buy a house. I can only look at my check book and how fast my money is gone.
    2
  49859. Michael, when you say 1/3 of income for mortgage, does that include escrow for insurance and taxes? Thanks for clarifying. Stay safe out there.
    2
  49860. In what year would you buy a house?
    2
  49861. THANKS FOR THE SHOUT OUT!!!!
    2
  49862. Mortgages used to be pay offable. Prices have reached not payoffable, so nobody will ever own. Rent from "lenders" forever. Lenders are over-paying. Same as the 90's.
    2
  49863. I entered job market in great recession of 2008. I lost ten years of my life to fighting off layoffs and surviving and paying debt. I finally got to a great cushion in life like you and I never had kids either.
    2
  49864. How do you know the price you’re asking for is correct and will a price to high will or will not effect the ability for a bank to approve the loan
    2
  49865. BlackRock is so evil. That should be illegal. No different than a scalper, selling tickets to a show outside of the event for an inflated price.
    2
  49866. Champagne Taste Lemonade Budget.Thats how the majority roll today!
    2
  49867. I like it
    2
  49868. Thank you so much!!☺️ It’s always a great one when I spend with my babe!🥰🎉🙏
    2
  49869. I just lived in Cabo for 7 years, perfect sunny days...day after day after day. Tired of the dumbasse 3rd world standards, on my way to florida
    2
  49870. As a airbnb owner (4) in central FL and Tampa Bay beaches area, I can assure you, that the problem is the government . They discourage discrimination based on race and handicap, but yet they force me to discriminate , when a guest needs a place for short term purposes . As a property owner , we should have the right to do what we want . If there are too many STR’s then naturally , homeowners will sell , or rent out long term . Stop Messing with our property rights !
    2
  49871. (A little off topic) But you would never guess there’s tons of layoffs judging from shopping malls….not to mention the online shoppers as well… I absolutely hate going shopping now, there’s so many ppl, high prices.…and forget a decent parking spot lol ….. Then I hear ppl can’t find good help (employees) and at the same time ppl can’t find jobs…whaaat
    2
  49872.  @MichaelBordenaro  I was already following Adam, and your interview with him in California is how I found your channel. Sometimes I give you a little grief, but I insta-subscribed.
    2
  49873. Thanks Mike
    2
  49874.  @MichaelBordenaro  nice! Cute house, move in ready! It’s nice to explore other areas of Florida! I’ve always wanted to do more of that!
    2
  49875. I live in Northeast Georgia and the three zip codes 30504, 30542, and 30501 I have seen a big increase in inventory an 5 to 10% price cuts.
    2
  49876. Property taxes tripling and home owners insurance spell disaster for the Sunshine state. Mortgages Interest is goiing up not down. Only those with Steller credit will benefit when there's a cut
    2
  49877. Nice video and thanks for calling the name of the area.
    2
  49878. Thank you so much for all these videos. They have been very helpful in coming to a major life decision. I am a 34 year old male and live in a small town in Oklahoma about the same population as your childhood town. There is nothing here and my life is not going forward. Recently, I have been given the opportunity to move to central Florida and live with friends next February. I have never been to Florida and rarely have been out of Oklahoma. It is scary going to a completely new state 14 hours away, far from family, where I have very few connections and not many resources. But I think I am going to take the chance. Life is too short.
    2
  49879. Thank you Mike ! Really enjoy your Videos 👍🏾👍🏾
    2
  49880. what is good cities to live in Florida? I only have been to Miami, I like it but maybe you can recommend something more for young family?
    2
  49881. One of my questions for you is where the blue or clear water instead of green is for Atlantic side and gulf side?
    2
  49882. First, happy birthday Lisi. Second, your homeowners is amazingly expensive. I can understand why buyers would back out. Third, regarding prices, that is a function of desirability.
    2
  49883. I know folk s in the pan handle gulf breeze Navarre area. .. their taxes keep dropping. Milton .. like crazy drops with a mobile home on it ..
    2
  49884. I know it's only been 4/5 months... but will you and your wife be going back up the coastline again soon? I know you mentioned in a few comments about returning and giving some places more in-depth reviews. Take us along!
    2
  49885. If you buy all CASH. PUT what you would pay in insurance into an Annuity every year , in you have an emergency you have the money if nothing happens you have a nice NEST EGG OF SAVINGS. Ihave been paying insurance for 30 years, if I saved it I would have had ........ 100g plus.
    2
  49886. I got a letter from Chase in the mail yesterday and they wanted to cut my limit in half too! Omg! I called them and told me them no I don’t want that because I had the option to not.
    2
  49887. OK now I feel old Michael I'm older than your mom!
    2
  49888. What about a boat should we invest in a boat and boat slip😅
    2
  49889. Great collaboration
    2
  49890. At 1:23 your taxes are going down $268 with proposed budget; your assessed value dropped from $485k to $459k......am I missing something here? Why are you stating your taxes increased? Your taxes decreased $1421 if no budget change (unlikely).
    2
  49891. I like your views and if I were to become rich like that I would do the same thing. Help others. I'm renting atm. Waiting to see how things will be in this crazy market.
    2
  49892. 🙌🏼 Michael, you are such a breath of fresh air! Thank you for sharing your insights and stories from when you were growing up. Love it! When I was a senior in high school, I took a class called, “Consumer Math”. I’m probably dating myself with that terminology. Haha. This was before online banking existed. The teacher was boring and we learned how to balance a check book, basically. Good stuff. 😂
    2
  49893. You enjoy the walk! And we enjoy the talk! Now get that straw hat with all that money you save for the next vid!
    2
  49894. Well done! Love the content you put out and all the research that goes into it. To your continued success! Happy 5th anniversary!
    2
  49895. Great vid guys - no doubt does Nick have the best data on youtube
    2
  49896. "Growth Recession"....the phrase is being used as damage control because the administration is looking critically at the '24 election and is trying to keep negatives to a minimum.
    2
  49897. I’m 66 and I grew up in America. This is not the America I remember. Has changed and not going back in my lifetime.
    2
  49898. It's nice to see your face.😁
    2
  49899. Oh, belive they'll suspend...then charge a fortune to reinstate. Not to mention a ticket ect if caught by cop
    2
  49900. The "karens are also men, Liberals and a little power goes to their head. :pride-hand-yellow-nails:
    2
  49901. As everyone knows interest rates are rising. What most people don't know is the last 24 years of money printing has been wiped out in only 2 years 😳
    2
  49902. While the highly educated man running the Fed just admitted this. Everyday Americans have been screaming this for the last 2 years saying they can't afford to live anymore.
    2
  49903. The biggest fraud are the big pharma payouts
    2
  49904. Get legal proof of pending special assessments etc. $704 HOA!!!!!!!! for the Sausalito home????????? Nutso. Congratulations on 5 years. 🎉🎉🎉🎊🎉🎊 Thanks for the heads up on possible future assessments. 😃👍
    2
  49905. Thanks Michael Thanks for the effort 👌 by the way some company try to scam my son same way to get the job buy all the equipment
    2
  49906. Manhattan (nyc) prices - and except for the water issues, deservedly so. If everyone likes the place, they'll pay. The little & old apartments may be affordable but you're going to want to spruce it up to have some MB cred!
    2
  49907. Who is this man in a long sleeve shirt and no sunglasses pretending to be Michael?
    2
  49908. 2:34 Spongebob LOL!
    2
  49909. Legislate REITs out of existence! That would cure 90% of the bullshit going on in the housing market!😮
    2
  49910.  @MichaelBordenaro  yes, I agree. Just baffled by the situation, I would have never taught I will live in our current America!. And I must say I do not care if people are republicans or democrats, that is their choice and right, but are we that blind to our problems? Reason why I will be moving to Europe in a few months. Of course Europe also have issues but not as huge as we have here now.
    2
  49911. Great stuff guys!! The bubble is popping!!
    2
  49912. LOL, they are sooo wrong. We are looking at years before prices come down to reality. Prices are soo high.
    2
  49913.  @MichaelBordenaro  yes, I know I'm lucky, but still if I sold my place and wanted to move, my options are limited.
    2
  49914.  @MichaelBordenaro  yup, I'm staying put and wait it out.
    2
  49915. Although if I had cash, I see a decent 3/2 condo near me, but the Zillow listing says cash only. I guess that's legal ?
    2
  49916. 60,000 a year will get you a good spot underneath an overpass but that’s about it.
    2
  49917. All those States with forcing electric cars are dumb!! AGain where are you gonna pu t all those wasted batteries.. How are you going to charge them, How long will it takes to fix the car since most garage won'T be able to do it....
    2
  49918. Michael I will make it official to the coach of the whole country we are in a recession like you were and I said we’ve been in a recession sense Joe Budden cut the keystone pipeline and declared war on fossil fuel yes we are been in a recession and I’ll just progressively get tapa and for the people I don’t condos you people have to been together and get quadruple the price for your condo but you’ll have to stick together if you want to maintain your home
    2
  49919.  @MichaelBordenaro  I love it and thank you. You have all my support.
    2
  49920. I live near the Beach too, close to get to anytime and breath that fresh air.
    2
  49921. Um I'll pass on gators l0l ...so how long was your trip in total?
    2
  49922. We are and retired 22 years. Our net worth is down 11% from it's all time high. Our income is up and will continue to rise. Our Federal tax rate is under 5%. All of this is available to anybody.The WSJ just finally published an article about tax free income available to any retiree. Just got a new SUV. I could show you the math, but people don't want to believe that good things can happen. Entire transaction took 1 hour 20 minutes. We live in SW Florida. We moved here in 1998. I don't think I would now. My Sister in law in in a 30 year old retirement condo. She is on the board. She is freaked out about the coming increases in condo fees and assessments She says their master association insurance premium just tripled. My wife and I will be fine. The rest of you hand on tight.
    2
  49923. Blackrock and the federal reserve have infinite money. They own and run the printing presses.
    2
  49924. I’m a subscriber to both channels n to see a collaboration is dope 💪🏽
    2
  49925.  @MichaelBordenaro  It is! Haha...I also enjoyed the ticket by mail that I got two weeks after I returned to my home state. :-D (for turning L on yellow light in a separate incident)
    2
  49926. I remember when I was looking I was pre-approved for 500K. I made crazy offers and always out bidded. It was interesting from the start I wanted to pay lower then 400k in one particular area. I was going out of my area going 20K over asking on houses around 425K. Always out bidded. So when I finally got my house it was in the exact area I wanted for 377K. There was a price drop it was going for 399k 2500Sq Ft and a swimming pool. Everything I wanted. What worked in my favor was the Kitchen needs upgrading and its ugly. We will fix it with time. I plan on at least being in this house for 15 years unless something happens.
    2
  49927. Depends on where you live Mike. Major cities are showing excess inventory (NYC). My area still has sky high rental prices (Raleigh-Cary) area. Good one today.
    2
  49928. Dear diary today I wore the wife's 2nd t shirt and was instructed by her to put the shades back on and not to dare take them off and blink twice,there is a deep foreboding in me that I may have to wear the third pray for me.
    2
  49929. On Indeed a search for remote jobs in Florida has over 9000 listings. They can find other jobs.
    2
  49930. I leave in Miamibeach and I love to see your videos.. make me more happy to leave here...Great job
    2
  49931. Hi Michael, I like your last video recorded in Sunny Isles reg. homeless issue in FL and showing the beautiful park in a backyard, but instead, you should go to next par nearby Samson on the beach side and 174 St, where a few homeless people actually stay over night, that would be right target! Probably you were not aware of it, so next time. Thanks anyways for bringing million beneficial videos!
    2
  49932. Buffalo NY. Prices start at 500k for an ordinary colonial. 15k/yr in NYS property tax !! monthly payment exploded
    2
  49933. 95 degrees in St Beach and feel HOT
    2
  49934. I am buyin a house but i am looking at the numbers. Lowest that was bought. If they don't take the offer I want then not rushing into it. Either I get it my way or no deal. The house is been for sale since October of last year. They took it off to reset it on market days on house. So yea lol.
    2
  49935. As always Michael, great video as well as the info you provide, so what's your recommendation on buying in a recession? And yes interest rates are getting higher but I'm remember trying to buy in the 80' and crazy high rates, 6 to 7 will be a bargain compared to back then. Can you recommend a reliable real estate agent in the SWFL area, thanks
    2
  49936. He told employees they are laid off fast because they don't want them to leave earlier then that point, everything is timed, and they let them know after they are out of the building prevents sabotage. Instead of highering the interest rate they can just raise the gasoline tax ha that put a damper on things fast which actually may happen because once Israel attacks Iran and once Venezuela takes out Guyana oil wells gas will skyrocket to $50 a gallon or more!
    2
  49937.  @MichaelBordenaro  Michael,,....I have an idea on how to sell this house! Market it as a ''teardown'',......that accomplishes 2 things. 1) The new owner doesn't have to suffer the humiliation of buying/ living in the cheapest house for sale in Biscayne Point,..and 2) The new owner can then build their faux'' Mediterranian style'' McMansion on the lot. It would be a tight squeeze,...but,...it is probably doable. The neighbors might be irritated that it ruins the character of the area,....and the sun is blocked from their backyard pools,...but,.....then when did people with money ever care about that. LOl.
    2
  49938. I enjoy your videos, one day I will live like you. Cheers from Canada 🇨🇦
    2
  49939. Thanks!
    2
  49940. 2 mill LOL - $3 MILL LOL LOOKS SMALL N OLD ..THATS SO RIDICULOUS
    2
  49941. Excellent video!! Great pairing!!
    2
  49942. Michael you keep talking about stimulus, wasn't it just like $1400.. and a break on your taxes for 1 year? I may be wrong.
    2
  49943. Michael Bordenaro 😂🤣 🐜
    2
  49944. We shall get stronger as we face Adversity. Frugality may become Stylish. I'm promoting Home and Community Gardening and Food Preservation. I'm sure it sounds hideous to many now. This is likely to Change. Goldman Sachs knows the score, they have a Vested interest in maintaining Dilusion. Love or Hate Fed. Fed has two primary Policy Functions. Manage Inflation and Unemployment. Fed has been Crystal Clear Inflation is #1 Priority. Many don't want to believe Fed even though they continually do exactly what they say they are going to do. Time to level Set with Reality, get with the program. Fed is going to raise Rates until Inflation subsides. You may want to consider Home Gardens and Food Preservation. This might be a long rough ride?
    2
  49945. They filmed The Birds there
    2
  49946.  @MichaelBordenaro  Appreciate it Thank you.👍🏼
    2
  49947. Sounds like you’re purchasing a normal full house payment for life between tax and insurance cost.
    2
  49948. Thank you for this useful information!! God 🙌 bless I'm the mighty name of Jesus Christ!!
    2
  49949. Do you know if the inventory you mentioned is only located in one region or does it matter if it’s all in one place or not?
    2
  49950. Restaurants will get hammered and the reason why builders don’t build affordable homes any more is because they don’t make money (0 profits ) because regulations permitting, environmental bull s**h etc eat their profits. I’m a mechanical contractor and all GEneral contractors I know are in the 1000000 and above range to make some money.
    2
  49951. Palm Beach County listings are reducing prices left and right, especially new construction
    2
  49952. INDEED!!!!
    2
  49953. I agree with Vincent, take the long term view on proprerty. See it as a human right to have a roof over head, rather than investment gains.
    2
  49954. I love your videos, my wife and I are planning on retiring to the gulf coast in a year and really like the Englewood and the Rotonda West area! We always stay at Mannasota Key for a week and then head up to the Bradenton area and stay with friends for several nights before heading up home to Pennsylvania. And I know how you feel about the cold winter's , I'm going on my 59th and my last one . Thanks again for your great videos. 👍
    2
  49955. 👍
    2
  49956. You don't even need to ban airbnb's. If bonds yield higher than STR's, the problem will sort itself out.
    2
  49957. The fake corrupt fiat money system is collapsing so everything is going to crash including the housing market. Global financial reset imminent. Back to the gold standard is coming soon.
    2
  49958. Yes, Jan nailed it! The banks get us into trouble EVERY TIME. How many boom and bust cycles are required for everyone to see this?
    2
  49959. Will take a year …
    2
  49960. What’s gonna happen to the market on the south east Florida area after the hurricane what is your prediction. We have been looking to buy down there for several years, Insurance taxes home prices what do you think is gonna happen what is your prediction
    2
  49961. Looks like a great beach👌🏻 Under the right lighting, the water must look amazing! That plays a huge role. And the sand 👌🏻Thanks for sharing. That area does have a bit of a different climate than South Florida. If you notice, they don't have the Caribbean palm trees. From what I understand, they can't survive up that far north. You're right about your area having the aqua blue water. On my recent visit the water was top notch 👍🏻
    2
  49962. Mike, you are doing videos which talking about real estate and being a realtor you of course like what you are doing ! I would too!
    2
  49963. suckers pay retail Michael...
    2
  49964. Still loving the content along this topic and the walks Michael. Keep them coming. I'm still waiting the market out.
    2
  49965. Ouch 😣....I lived in WPB for over a decade and had considered returning to beautiful Florida...but....I guess I may not be welcomed 🤷‍♀️
    2
  49966. 2
    2
  49967. 13% Income tax in California WoW 😂 in Sweden we have 35% income tax
    2
  49968. Michael what do you think about thesis that housing inventory is lower then demand? What do you think - is that not without influence? Not enough house production and demand still on? LOL - I just started to watch and noticed u already answered the question. You are true specialist! But actually I have a question - how much demand would need to be down for the prices of homes to go down? Is it like - demand 100k homes, supply 120k homes - so 20% down in price? How it works? What is the ratio in demand/supply and ratio of price homes being lower?
    2
  49969. I was dead set on leaving Miami when I sold my house in 2021 that I remodeled for top dollar. I ultimately decided to stay in Miami and buy another fixer upper knowing my investment would be strongest here with the continued demand to live here as prices start to drop like a rock around the rest of the state and country.
    2
  49970. Great video! I am a licenced engineer in Florida and do lots of jobs structural design in Florida. Board members and property managers can not by law cannot make a structural assessment of building. Only a licensed engineer with expertise in structural engineer can provider such analysis.
    2
  49971. Shoplifting isn’t diversity wonderful
    2
  49972. St. Pete Beach in FL is wide as well.
    2
  49973. Me too
    2
  49974. Good job Mike 🎉
    2
  49975. From what I know, In-N-Out pays their employees better than average, charges less and has a better product than the other major fast food chains. Explain that one to me.
    2
  49976.  @MichaelBordenaro  no problem, maybe for some of the longer videos you could make it time lapse if possible with some relaxing music 😂
    2
  49977. I struggle You struggle We struggle They struggle Who doesn’t struggle with this economy?
    2
  49978. Made it till the end 😆 clearly there valuable.
    2
  49979. Scottsdale Arizona is really nice 😊 Go Diamonbacks!!
    2
  49980. Welcome to Louisville. Love your videos!!!
    2
  49981.  @MichaelBordenaro  I'm sure in time the situation will get resolved.
    2
  49982. Just stay in your house.
    2
  49983. Great information like watching your videos. Thank you for sharing. It’s gives a general prospective of the Miami Collins Avenue.
    2
  49984.  @MichaelBordenaro  Thank you!
    2
  49985. I think the fed is manipulating the situation to hold things together through the mid term elections. Then all bets are off.
    2
  49986. 100% on point.
    2
  49987. Hi Michael & Lizzy ❤ so nice to finally have a chance to see you two together. Wishing you both a wonderful 4th of July holiday week end. Thank you Michael for delivering a wealth of knowledge with current events! Sending love from Duxbury, Massachusetts.
    2
  49988. That house that sold for 126k in 1996. Why haven’t the taxes been reassessed????????????
    2
  49989. The 2021 income numbers are distorted by the COVID 19 stimulus payments. My understanding is some families received payments based on the number of dependants. This is part of the increase in poverty rate and lower median income.
    2
  49990. Apocalypse 6 by 6 up to 1.5 mil.
    2
  49991. No kne is talking about the Property tax this year. People are jn for a surprise. Ours was 1k and went to 5k.
    2
  49992. All those things combined with the potential for a general RE downturn. It's getting concerning.
    2
  49993. love the vidoes. I do not want to move to Florida or Cali 😂🤣 but maybe a vacation
    2
  49994. The only thing I'm buying for Christmas is silver bars.
    2
  49995. I have a lake front lot in NW South Carolina. I’m contemplating building on and getting out of SOFLO. Cost of living SC vs SOFLO is much less for basics like insurance, electric, water, food for me comes out to a 25k a yr savings (without a mortgage). Anyone want a great house and a great condo? 😂. Stuart FL is the BEST!
    2
  49996. Listen,no matter where you go there “YOU” are…..I was raised and lived my entire life in the redwood forests of Northern California .F San Francisco/ never went their- Disgusting.Just recently cashed out of my California real estate/living in my Oregon log home / Will be selling it this next spring and moving to the big Island oh Hawaii….. I have no regrets
    2
  49997. What planet does he live on
    2
  49998. What do you mean... if you have fixed 3% rate and hit by inflation you are likely to cut other stuff before getting to mortgage (eating out, travel etc... ). Mind you many have (should have) emergency savings to last 10 months.
    2
  49999. its like big sur! fun and fluffy!
    2
  50000.  @MichaelBordenaro  very true. I have never been through a hurricane and I really feel for anyone who has. I have a few friends who live there to witness the devastation. But these F5 tornadoes here in OK are brutal. I hope the market calms down by 2023. Ill keep tuning into your channel.
    2
  50001. Silver & gold are where its at during times of currency collapse. A decent argument could be made that this is now happening.
    2
  50002. Hey Michael, what neighborhood are you in here?
    2
  50003. I see all-cash investors buying up houses at asking price in my area. The problem: according to the sales price history, the sellers bought these homes in the past 2-4 years for HALF of what they're selling them for now. A realtor told me "They're going to rent these houses out" to which I replied "Good luck renting to people with no jobs and no money". The rents will have to be so high to give the investors a decent ROI that they're going to struggle and retain tenants. Oh well, some people have to learn the hard way. I can't imagine buying a house for any reason and not bargaining down the price.
    2
  50004. This housing market is very unhealthy. I’m not going to be surprised when a correction takes place.
    2
  50005. Congratulations 🎈
    2
  50006. So Awesome! 100,000 Subscriber Plaque, you deserve it Michael!! Congratulations 👏 👏 👏 Thank You for sharing with us
    2
  50007. It’s simply one word JOBS There are no jobs outside of the metros — this is by design by the elites Think hunger games
    2
  50008. 150 million homes are being built that is the highest on record
    2
  50009. Everything on mainstream media is a lie. Everything on a financial cable show. Another lie. Every market will crash. Pull out like my father forgot to do...
    2
  50010. learn Spanish... in some way you will need it neccisito por favor
    2
  50011. They want reelection etc
    2
  50012. It's just transitory.
    2
  50013. How does this affect first time buyers
    2
  50014. Can you live in a condo hotel as your permanent residence???
    2
  50015.  @MichaelBordenaro  okay cuz I had a guy tell me I couldn’t live in it! And I was wondering where the mail would be sent to
    2
  50016. Pretty sure that’s an Aston under that carport thing. DB11 maybe.
    2
  50017. 5 to seven dollars is 40 percent
    2
  50018. MB, Yes, keep discussing the houses you walk by.
    2
  50019. Rocky Mountain Hammerhead I usually get UV clothes and hats at a site named Coolibar. Check it out😉❤️🙏😎
    2
  50020. This is what l did. Go to dealership and buy a demo on sale. Mine was 8,000 cheaper because it had 10,000 kms on it. I paid cash. $23,000. Or you can add it to your line of credit if you have lots of equity in your home.
    2
  50021. Thanks Mitch
    2
  50022. Michael, Since I was born and raised in NYC (I've been gone for decades) - I wasn't even aware about rent-controlled apartments. There was a tv program years ago - where a NY politician was using one of the apartments as his office - illegally. I just have a feeling that many of the people living in these apartments for decades -- are financially well-off or never should have been given an apartment. I think they should do away with it - but, since politicians are involved - I doubt it would happen. Since I was a realtor (a long time ago) people think they'll sell their homes by themselves - to save the commission (FSBO.) They never come out ahead --- because the buyer knows they're not paying a commission --- and the seller isn't being protected by a realtor - and they have no idea how complicated many transactions could be. Best to use a realtor. Thanks for all ur information and the walk thru South Beach.
    2
  50023. Video on point.
    2
  50024.  @MichaelBordenaro  income
    2
  50025. Oh my gosh that water. I love that you went into the water and filmed it. I love it when the water pulls the sand away from my feet. It would be so fun to park on the beach. I will have to check this one out. Thanks for another great video
    2
  50026. Will these laws protrude into other states, like NY ?
    2
  50027. Im supposed to deliver a 10' sculpture to the Underwater Museum of Art in Fort Walton in October and Im still unsure if they will be ready to open up a week long arts festival by then but Im hopeful!! Let's go Fl!
    2
  50028. That's most sellers for sure, but there coming back to earth real quick.
    2
  50029. Imagine the people that took out adjustable rate helocs to buy crypto that dropped...fools are screwed!
    2
  50030. California the beautiful ❤
    2
  50031. I challenged my real estate broker that price will go down when she was trying to convince me a year ago that if I don’t buy I will regret and I don’t know what I am doing 😂😂😂😂😂
    2
  50032. Michael, there's nothing wrong with enjoying your youthful good looks! I did and still have a little left. 😎
    2
  50033. In your opinion, when will it hit the e hardest?
    2
  50034. Yep Michael, they blew it when they didn’t let it crash and burn in 2008 .. they are idiots at the central banks and in politics .. they seem to like making ppl suffer
    2
  50035. My family live in Florida for over 20 years now and we love it here. One reason I like it here is there is no state tax, there is a homestead exemption for homeowners and it depends where city you live in, housing is still affordable.
    2
  50036. They are clearly trying to hide the bank failure by buying up those assets from First Republic.
    2
  50037. The amount of money that changes hands on a real estate purchase is always a balance between interest rate and sticker price. It's never been the real value of the asset, but more derivative of the value of the money and the expense of the credit reflected in the price.
    2
  50038. Watching this video gives me comfort that I bought a modest sized new townhome in 2019 with a cheap mortgage payment thaN buying a huge SFH last year and overpaid by way too much
    2
  50039. Excellent video.
    2
  50040. Thank you Michael, I definitely appreciate you filming during the storm. ❤
    2
  50041. 👍✅🙀✅👍
    2
  50042. Feeling German in Venice vibes here good job.
    2
  50043. So, where do you store this supposed "Gold and Silver"? Under a mattress?
    2
  50044. Thanks for your insights. As a expat living in Costa Rica, I am researching buying a residential/vacation home in Naples, or surrounding area. I am also monitoring property taxes, cost of living, migration patterns and exodus of home owners insurance firms.
    2
  50045. Great video Michael. The truth is music to my ears. You have so many fancy cars in the background. Have a good day
    2
  50046. I like you channel brother. Because you live in the same area/territory 👍🏾💯
    2
  50047. I did same thing traveling while it was cheap. I went everywhere I could !! I was getting round trip tickets to places like key west for $120... I tell people that I couldn’t do my trip to Arizona today ... everything from Airbnb to renting a jeep Would be out of the question... I’m glad I went to a lot of places when I did !!!
    2
  50048. What is your background? College? Skills?
    2
  50049. All gone inflation go buy your over priced million dollar property 😊😊😮😳😉😉😉
    2
  50050. I don't agree with the restaurant price thing, that depends on the area. If you are at the beach, of course they are going to be expensive.
    2
  50051. About 4 years ago, I got an adjustable rate HELOC through BoA at LIBOR + 1%, initially at 4%. (All HELOCs are adjustable.) I think they gave me 70% of the market value of my property. No fees unless I closed the HELOC w/i three years w/o using it. I didn't use the HELOC, and after year one, BoA told me I had to add windstorm (hurricane) coverage to my property (which I was not carrying), else they would get it and bill it to me. I didn't want to pay $1500/yr for windstorm coverage, so I closed the HELOC w/o using it and had to pay a $400 fee.
    2
  50052. 💯💯💯👍👍👍
    2
  50053.  @MichaelBordenaro  if you do make the drive over to st george Island via 98.
    2
  50054. That's why most banks want a 20% deposit, to cover any negative equity issues in the first year or two.
    2
  50055. YES!!!! I LOVE THIS DUO!! So glad you guys joined forces!!!
    2
  50056. Keep it 100% real.
    2
  50057. My insurance went up from $3K to $9k in 2 years, and it will keep getting more expensive because Insurance companies are leaving because of the insane fraud done here. So forget Any State tax saving by moving from another state, you'll need it for insurance.
    2
  50058. Walmart wants to be the next Amazon. They want the money without dealing with physical stores
    2
  50059. Im a Prime Rib and Ribeye fan myself. :)
    2
  50060. People have no self control with food, money, drugs, etc. Good grief. Never paid credit card interest in 62 years and never got obese or addicted to drugs. That's why people vote Republican so they don't have to think. They'll tell you who you can marry, who you can love, what you can do to your body, if you can have an abortion, what drugs you can use. Freedom is libertarian.
    2
  50061. First, life is what you make it. I enjoy your videos & watched every one. I like winter in FL and have owned 3 homes in FL; Lighthouse Point, Wellington & Lantana. I’m a senior and retired about 8 years ago. I have traveled all over FL and you might want to try the FL Panhandle, like in Destin. I’ve lived in Japan for a couple of years, spent a winter in Albert Park, VIC, AU (their warm weather season, awesome!). Traveled RTW many times, too. There is no place like home (home is where we make it). I have lived in several States and live in GA now, north of Atlanta. Currently my home is in a very Republican county. Suburbs… GA treats their Seniors pretty good tax-wise. However, I am still thinking of becoming a FL resident again, 6+ months a year. Still a tax advantage for me to live in FL. Think twice about CA. State income taxes are insane. I used to like to visit, especially San Diego with trips back & forth to Las Vegas. But as already mentioned, life is what you and your significant other make it! I wish you the best 👍
    2
  50062. ARM is a way to get into a house now, but it’s a bet on the future.
    2
  50063. I can never get enough of you Michael. I get so excited when I log in and see your video as the first on the watch list. Yeah!!!!!!!! Have a great weekend with Lisi.
    2
  50064. it would make sense that if the city deems that building uninhabitable that they should have something in place to relocate the tenants.
    2
  50065. Those “affordable” cities have terrible crime rates. Will never, ever consider going back to Chicago.
    2
  50066. Wow! 15k/month just for rent. I guess I'm in the wrong house. 😅
    2
  50067. Michael, so what would you actually do in San Francisco? That market is 100% dysfunctional. The property owners who are suing because of the vacancy law will also sue new building construction to keep the supply down. They've been doing this for 40 years because their property values are sky rocketing, but under CA law their property taxes are incredibly low. It takes a decade to build something in SF because of all the lawsuits and regulations. Something's gotta give.
    2
  50068. Funny how you were at where I left
    2
  50069. My cousin lives there. Loves it
    2
  50070.  @MichaelBordenaro  He is doing Financial Audits on willing people in the Austin , Texas area usually. Almost everybody he has interviewed is in serious financial debt. I'd say 95% are in serious financial trouble. Almost ignorant of their deep financial hole ! I recently saw one 42 year old lady who is living off a trust fund because she can't control her spending. Her rent was 80% of her salary as a contractor. Caleb was asked to look at her Trust Fund & she has about $660,000 to burn thru in that fund.
    2
  50071.  @MichaelBordenaro  She's the one that was in the best shape financially but no clue on what a Budget means. Plus she is renting & has 2 dependent kids. The good thing is Caleb opens the eyes of these people & keeps in touch.
    2
  50072. We like the Gulf area. We are thinking of Fort Meyers. Live in Mich and looking for a place to get away and rent out.
    2
  50073. Yes to a SF trip if u think u will be safe
    2
  50074. I really enjoy your videos. I listen/watch them every day while I walk.
    2
  50075. These walking tours of Miami are interesting. I grew up in Broward county and always thought of Miami as a crazy, fast paced, cut throat place. I know some parts of Miami are very much that way, but it's nice to see that there's a more serene side as well. Still would never live there though!
    2
  50076. Those are cool glasses
    2
  50077. what’s the deal with those signs? no swimming no diving. isn’t that the same thing?
    2
  50078. You are awesome with great analysis of true data.
    2
  50079. Spot on, all the narratives that it’s going to be ok is just manipulation. These people and institutions are playing the game up and down, leaving retail without anything.
    2
  50080. 💯👍👍👍
    2
  50081. Please stop talking with your hands, it is so annoying ....... just watch your own video.
    2
  50082. Nice seeing you in California! Definitely check out Studio City, which is a cool little area and Pasadena, old town, if you have time!
    2
  50083. Prices in Los Angeles are up significantly compared to this month last year.
    2
  50084. MICHAEL. We want sunglasses with Michael Bordenaro written down the sides of them.... This could catch on
    2
  50085. Good info bro 👊🏻
    2
  50086. Thank you for the video Michael. So sad to hear that., 😮😢
    2
  50087. I love the clouds.
    2
  50088. Nice blue Datsun and nice guitar riffs
    2
  50089.  @MichaelBordenaro  I think I will do what I’ve just mentioned myself 😎 Even if I am ex real estate agent / fine artist, nothing can stop me to try something different !
    2
  50090.  @MichaelBordenaro  I have been to Oahu, Maui, and Hawaii. Hawaii (the big island) is definitely more rural than the other two islands. further away from the other islands, too.
    2
  50091.  @MichaelBordenaro  Hopefully, but not until the flight prices come down, and the world calms down in general.
    2
  50092. I've also seen listing like that on the MLS too. So either the realtor didn't advise their Sellers and just took the pictures him/herself or it's FSBO using a discount broker for a few $100s to advertise on the MLS.
    2
  50093. You’re going to love this. I just had the greatest idea! Wouldn’t it be so cool if people could post comments on home listings! 😁 what do you think?
    2
  50094.  @MichaelBordenaro  Every business gets comments ratings etc. If things were on the level no one would or should have anything to be upset about. Everyone gets mixed reviews and comments. Just saying
    2
  50095. Makes sense, productivity is at an all time low, so bossman need to look over your shoulders....
    2
  50096. Car payments are now second mortages.
    2
  50097.  @MichaelBordenaro  where I live there isn't too much homeless, after one year of thinking I'm moving to Florida
    2
  50098. Nice Honesty.
    2
  50099. Denver is a beautiful city but the rents are out of control. They say there is 7000 homeless but I do believe it's over 20,000. Great video
    2
  50100. I love the points in this video. This is your best yet.
    2
  50101. Good we need more inventory.
    2
  50102. The IMF is saying that because International/global entities will run the world. The IMF is getting itself into position to try to appear more responsible than any individual country.
    2
  50103. Artplode is a good site to buy art. I am shocked at how my art has increased in value. You called it. Merry Christmas Michael.
    2
  50104. I agree, Selling my condo third week no offers. Ready to lower price 😎Fort Myers Fl .
    2
  50105. Do whats best for you Mike
    2
  50106. Great video, thanks!
    2
  50107. Denver is a mecca for useless potheads. People who smoke pot stay high all the time and can only hold low level menial type jobs. I think Colorado was the first state to legalize recreational pot. I have been there and several of the surrounding cities. Most every boulevard has several pot stores with people pulling in and out all day long. They must be making bank off the taxes.
    2
  50108. Good video,thanks
    2
  50109. Try San Anselmo! It’s one of the highest rated places to live in Marin. A good combination of safety, small town vibes, and affordability. Not that I’m biased :)
    2
  50110. It is a slow-motion collapse!
    2
  50111. I have a borrower that is struggling to get approved to buy a home because he just refinanced his vehicle. He really wants to buy and I want to help him but theres not much room in his budget. People please do what you can to get out of and stay out of auto debt
    2
  50112. Those Citizens Insurance scammers are probably gone by now. Their style is to scam fast, then close up and leave town (with lots of money).
    2
  50113. Tons of great points Micheal
    2
  50114. People having been living for a long time at unrealistic lifestyle expectations! They think as average income people they are entitled to bit fancy cars, fancy homes, expensive vacations. They lifestyle expectations are out of touch with reality. Live significantly below your income. Save save save. Then invest, invest, invest. Simple investment will work! Just a few ETF funds will do the job. The more you learn, the more you earn. Stop,wasting money buying Starbucks coffee, or Resturant and fast food. Bring a bag lunch to work! Drive a small fuel efficient car! Cut your costs!!
    2
  50115.  @MichaelBordenaro  Yes, we will be there in mid-August. In fact, we will ultimately relocate to Southeast Florida in a couple of years, so we always set aside a couple of days of our visits to look at potential future home locations. I am heart broken by this building collapse because this could have happened to anyone at anytime. Imagine those who were visiting in that building at the time. And now, they say a storm is approaching. Thoughts and prayers to all who are personally touched by this tragedy.
    2
  50116. Hey Michael, head over Haulover Nude Beach.
    2
  50117. Opendoor is getting the door closed in its face. 😂
    2
  50118. This little town seems too boring for this old Brazilian 🤣🤣🤣
    2
  50119. Arent people afraid of getting worse because of climate change ??
    2
  50120. Watch out for the wild chickens and roosters
    2
  50121. Squatters rights are outdated. Its not like anyone owns the land they live on anymore, they just rent it from the government. Because if you stop paying your property tax, the government will take it back. Even if its 1 dollar owed for a 1 million dollar house.
    2
  50122. So good, guys! 👍
    2
  50123. Prices have to go down. They won't go down until people stop buying, and corporations realize that interest rates will not go down soon to support continued spending. The only real thing the government can do (besides stop printing money and handing it out) is raise interest rates so high that at least people won't be able to borrow money to keep up their spending.
    2
  50124. What’s up with the new money to try to get people to take money out of their homes?
    2
  50125. Your reasons coincide with mine. I can’t wait to move to Florida
    2
  50126. What part of Florida are you walking around in?
    2
  50127. Never Tie anything to Home 🏡 Never Ever.
    2
  50128. Tks for ur updates. Crazy times we live in. Are u really in ur mid 30s?
    2
  50129. Someone paid more than $6.5M for that house? My God there are a hell of a lot of stupid people in this world, which is lucky for the monumentally greedy ones I guess. As the old saying goes, a fool and his money are easily parted. As to the central banks, they know exactly what they are doing - they own the money supply in virtually every nation on earth and therefore those who control the central banks control everyone and everything. Every boom and bust cycle, every recession, every depression is their handiwork - it's not accidental - they are a major part of the globalist agenda to enact the greatest worldwide resources grab the world has ever seen and to carry out the most far reaching genocide in human history. That agenda is openly published and indisputable.
    2
  50130. Im making the most money ive ever made ($45k a year) but im the poorest ive ever been
    2
  50131. 2 officers for a stolen iPhone! 🤔🤔🤔
    2
  50132. Mike, I like your channel. I want to correct something you said in the upload today 7:15 , so no one tries to use it against you or discredit you. This is not the largest inversion of the 10y-3m in history. In 1979-1980 the inversion was near -2.6.
    2
  50133. It all depends on where you move in florida. i don’t enjoy it as much as some of the other people in this comment section or anybody else does . my area is poor , filled with gangs , always drugs around the area people who move more south in florida i bet have the best experiences like in miami
    2
  50134. I'm waiting another year .before even looking .
    2
  50135. Miami beach meng!
    2
  50136. Great episode. Come up to Old Northwood here in West Palm for a walkaround, 1920s era restored mansions abound!
    2
  50137. Politicians have stolen our Social Security over many decades.
    2
  50138. Im moving to florida tomorrow
    2
  50139. Perfect examples of how wealth corrupts:: half the population can't even fix a running toilet or a leaky faucet (or they're just too lazy). Jeez, back in the day, before money spoiled us, everyone could fix almost everything themselves.
    2
  50140. Despite the hard truths and unpleasantness of the message, i still try to watch all your vids. Love all the green, the gorgeous homes and well kept yards, beautiful trees, flowers and bushes, the quiet streets, and especially the sunshine!! These messages about where we are in the scheme of things I first learned about from Professor Walter Veith/What's Up Prof/Clash of Minds, which started up in early 2020....everything coming to pass....
    2
  50141.  @MichaelBordenaro  Absolutely, I really appreciate you and your content brother! Thank you for the advice.
    2
  50142. Minimum wage should be based on 30% of housing costs. Some places would be $7.00 an hour, some $50.00. McDonald's here starts at 17.00, and people still cannot afford rent.
    2
  50143. 1st
    2
  50144. Giving bonuses back? Eff THAT. Take that money and move to Cancun.
    2
  50145. Sharks! The industry is repleat with greed.
    2
  50146. Don't buy dodge jeep ram. They are junk. Even if they sell them discounted. Lol still junk
    2
  50147.  @MichaelBordenaro  Keep up the good work Michael!
    2
  50148. Michael well now we live in different times so now. Ive been told I cant breathe at my job by not getting to wear my shield now they want me to wear the Mask or take Leave and thatsTraderjoes so i took leave and i know i told you this already but the reasoni loved Memphis was because of River and i got my kids here but ive been wanting to go to florida once again because first i can breathe and 2nd its warm yes i want warm the other weather is depressing and i think my kids will love it yes im wanting to work at Seedtotable i know its just a grocery store but The owner believes exactly like i believe he doesnt make his people wear mask and the store is do amazing and hes a humble man which is so amazing so im still w Traderjoes i took leave but in Mar im taking my kids and we are going to see about it and i know the quality of life will be better i want to be where the sun is shining and I love to see people that are Happy and smiling My mom left me a small brick home in Arkansas I can keep or sell if i need too I love life and i refuse to be told i cant breathe so yes i think ive told you this recently but anyway this video was about that so You should take your Lizzie to Seedtotable look it up tgey have live bands and itsAmazing but i bet you already knew about it ok thanks for video
    2
  50149. Thanks, Michael! I’m with you on the free market. Even Elon Musk has told the government that Tesla doesn’t need rebates to sell cars. Leave the free market alone. On another note; I downloaded the lastest full self driving software update, it is truly amazing. So smooth and intuitive, you have to try it.
    2
  50150. East of I-95 in south Fla is 4x vs West of I-95…
    2
  50151. The names on the boats are interesting and it tells how they got rich !!!!!
    2
  50152. Mike, You can buy an investment property in your 401k if you roll it over to an IRA , no tax no penalties. It’s complicated but doable.
    2
  50153. Congrats on your 100k plack well deserved s/o to you man Mike from LA ✌
    2
  50154. Just a couple of comments on the layoffs we are seeing in the tech sector. It is true that massive amounts of people are being laid off but - and here are the important parts - One: even with the layoffs the big tech companies still employ more people than they did a year ago (for the most part) because their hiring spree was so massive. Two: Not all the layoffs are happening in the US; those companies are global and are laying off people from India, to Europe as well as the US. Three: The lack of qualified tech people has meant that a lot of smaller businesses haven't been able to hire, either due to cost pressure with salaries being high or simple availability. Many US tech workers will find a new job before even landing on the unemployment lines. This is not to say that all is rosy, and I still believe we will see further downturns in the overall economy, but it's not as dire as a quick glance at the surface may indicate. Keep up the good work.
    2
  50155. Great job Dude.
    2
  50156. Hey Mike, do you think prices in South Florida are going to drop here soon because interest rates are going to go up again plus more inventory. I’m in a spot where I have to sell my house without contingent on finding another home but I need to be confident I’ll find some thing in my price range. Thx!
    2
  50157. What a nice video. I feel like I was there. You were able to capture some great points of your life . I can tell you sincerely enjoyed shooting and editing this video. Your walks on the beach probably are related to the walks around that lake. I can also see the Ocala in Belvidere. You probably got that appreciation for the Hell Cat Dodge from that Chevy dealership, probably hearing a Camaro. It is no wonder to me that you have a Camaro. I know you used to rip and run all over that place. It looks like you had a great beginning in Illinois. My dad spent much of his childhood in Elgin Illinois, outside Chicago. I can feel your sense to venture away for more excitement in a big city. I'm glad you could do this for yourself, enjoy it, and take us along. I bet Lissi got a kick out of this too. You probably earned some good points with her with this. :) Thanks Bro.
    2
  50158. We make 175k (one of the few sho had a 40% raise in the last year) but our approval is 550k. High student debt and spent even more getting through Doctoral school The homes we like are in the 600 to 700 range. 350-450 a few years ago, not 2 mil... We raise our income every year but down payment assistance raises just under where we are. Had a down payment stolen and other unlucky events. Sitting in a much better spot now but intrest rates... It is a struggle but we are not willing to settle or be house poor. Feel like we make too much to be poor but not enough to be rich.
    2
  50159. Loved your honest direct truthful urgent no nonsense "get real" energy. One of your best videos I've ever seen. Civilians, military & law enforcement need to stop living a lie & speak truth to the "dark elements, vessels & forces" of this world.
    2
  50160. Thank you. I love how you've given information in this video.
    2
  50161. Great Video, a lot of good info......Well, Michael...living on a boat seems like the answer !.....Thank you.
    2
  50162. What I see coming in the next few years is not so much banks foreclosing on home buyers like in 08, but many folks actually just walking away from homes they overpaid for and letting the banks just have them. Almost everyone that submitted an offer on homes I sold in the last 2 years had 0 or 3% down, most couldn't even cover closing costs. Stick built homes with sheets of drywall, covering plastic water pipes, and a couple hundred feet of 12, or 14 gauge wiring, plastic wrapped with colored vinyl, most with no basements listed for $4 and $5 and $600k. = prediction ken and Karen's will walk away and banks will be stuck with quite a few homes by 2024-2026
    2
  50163. Friends of mine are getting priced out of thier rental in LA. It's in the not great part of town and rent since the pandemic went up $500/mo. :(
    2
  50164. 😁😁😁😁😁 My Tour guy .. Why don't take a so called normal hose BT in 2019 (Find one) then show all costs till Today. Could be Grim..😝😝
    2
  50165. I thought this would happen more in California, in earthquake country.🤷‍♂️
    2
  50166. 👏👏👏
    2
  50167. It's the price of a home that is abnormal not rates. They need to come waaaaayyyyyyy down.
    2
  50168. Turning off florescent lights is useless. You use more power than saved each time the Ballast needs to be re-energized..!!
    2
  50169.  @eleanorpolchinski7919  Thanks, Eleanor! ♥️ So far (and now that we're coming out of lockdown) I'm having a ball! Explored Florida in March, Venice Beach and LA in April and I'm just getting started! (I discovered Michael's vlog when I was planning my Florida trip. As you say, it's authentic and also informative!)
    2
  50170.  @MichaelBordenaro  It has been great and as the world opens up I'm looking forward to things only getting better and more exciting! Kudos again on your great vlog, which I'm learning firsthand really IS a lot of work. It's fun, though, and I'm loving it!
    2
  50171. I look forward to every one of your videos Michael and your presentation is top notch.
    2
  50172. Going to buy gold and risk with a hedge. Skip insurance, My home is paid off.
    2
  50173. The rain is horrible too right next to the humidity. It rains every day in Summer
    2
  50174. Holy Sheeeet!! $1.8 million for a 1700sqft home.....something is very wrong in Florida!!?? Here in San Diego again and the weather is 75 sunny and no humidity....perfection. Florida and Arizona will have another crash for sure!! Timmy C Arizona
    2
  50175. Great Video! I am following your channel for some months now and watched several of your Videos. Enjoy your clips because we seem to have a lot in common, especially when it comes to your relation to Miami and Florida. Although I am about 20 years older than you are, we seem to share the same views on Miami, Florida and life in general. I live in europe, have been to your area and all over Florida at least 30 times. Its funny watsching you videos, since I did the same walks at night or exploriations by foot during daytime and can relate to your observations. Beeing also an introvert myself (ever took an MBTI test?) I know exacly what you mean in this clip. Keep up the great stuff and I hope you can make a decent living with this channel. I am still trying to find an angle to make the big move to the place I feel at home, so maybe we can catch up one day in person at the beach.
    2
  50176. Your lead in was so polite. The my opinion part is something more people should say.
    2
  50177. To add on to your advice to the younger set: if it is cheaper to rent a house than the monthly outlay to purchase one (including property taxes, insurance), you should rent. What this means is the housing market is sick and houses are unreasonably priced. But be patient, GUARANTEED, that will change because all of this stuff is cyclical. By 2027, you will be able to have your pick of the litter in Miami, Las Vegas, Boise Idaho, wherever. People will try their darndest but will not be able to sell their houses. That will be the perfect time to buy. And history verifies this.
    2
  50178. During Covid, when the Biden criminals took our tax dollars and gave a few trillion for "covid relief", people getting the FREE money bought a lot of cool cars. Dodge Chargers were a fave during that time. But BANKS did it even better. Banks were loaning 200% on the purchase price of the car. So you buy a car for $50,000 you can't afford with the stimulus money with no money down- and the banks give you a loan for 100K. Fast forward today and you can't make the payments- you simply default on the loan and they take your car- no big deal. The banks aren't going to take a loss either. Those loans are guaranteed by the US Gov and the banks will be made whole. Again, with our tax dollars. Getting screwed by the gov and the banks is getting to be a bit much. F. J. B... and let's go Brandon.
    2
  50179. Great video!
    2
  50180. I do 🤚🏾 great way for me to keep a commitment and subscribe to see the following 🙌🏾😊😃
    2
  50181. Being underwater on your mortgage really only matters if you need to move or can no longer afford it. It doesn't really matter what someone would pay for your home today if you're not planning on selling it. Over time the amount you owe will go down and the amount it's worth will most likely increase at some point in the future. Why would you sell an asset solely because it's value is temporarily decreasing?
    2
  50182. Cali is the most natural beautiful state no matter what.
    2
  50183. With Crypto and Stocks dipping, those institutional investors are hurt badly. They are going to dump homes and stop buying up those homes we badly need.
    2
  50184. You're nailing it again. Love it.
    2
  50185. Please!! Keep it Real,NO Change 🤘
    2
  50186. A forcloser ban will never happen. 1, towns and cities would declare bankruptcy 2the majority of homeowners have equity in their homes and at a low interest rate. The only supply of home for sale are estate sales.
    2
  50187. There is no bidding wars in Tampa anymore but there is plenty of crazy people paying exorbitant prices.
    2
  50188. As of July 1 there will be no mask mandate in public or any business open to the public or a 5000 dollar fine
    2
  50189. My friend bought a condo in Deerfield beach, FL. I'm a bit worried about him now. He always talks about moving away....
    2
  50190.  @MichaelBordenaro  my parents have bank of america. I dont like that bank much, I'm leaning towards discover, chase, or capital one. What do you recommend? Do my parents need to have an account open with discover uin ordered for me to open a bank account.
    2
  50191.  @MichaelBordenaro  when I get a checking account do I get a credit card? Or a debit card? Also if I get my paycheck does it have to be cashed through the app or can I go to a atm? And if it's cashed through the app how do I use it?
    2
  50192.  @MichaelBordenaro  thank you for the help it is very helpful to know this
    2
  50193.  @MichaelBordenaro  sorry for so many question, this is my last. After I open an account with my parents when does it become mine? At 18 or 21. And do my parents get access to allowing how much I spend or stuff like that?
    2
  50194. I lost everything in 2008/2009 fun and I'm more prepared no debt now. I can't get a loan and that's good
    2
  50195. Who needs a home anyways?
    2
  50196.  @MichaelBordenaro  Thank you Sir !
    2
  50197. Silicon Valley is known for pay raise issues and black listing after counter offers. High tech/corp jobs suck, glad im out! Had one co-worker get a 53 cent per hour raise long time ago.
    2
  50198. This is great information thank you ,Will be taking my first trip and wasn’t Sure if I chose the right location but your video help me confirm that I did thank you
    2
  50199. Buying from 2018 to 2023 is SUICIDE! AKA buy at the top=Suicide Foreclosure Buying from 2009 to 2018 & SELLING 2018-2022=GENIUS, aka takes 2 transactions to make a TAXABLE profit! I have been buying/selling property since early 1970s with my DAD! He's like Warren Buffett, Sell into GREED-top, Buy into FEAR-bottom!
    2
  50200. if the remote work does reverse then im surprised Florida has been hit so hard. alot of cities in Florida have high work from home percentage.
    2
  50201. Thank you
    2
  50202. LOOK at all the people jumping off the SUNSHINE SKYWAY BRIDGE between St Petersburg and Bradenton
    2
  50203. Beautiful neighborhood.
    2
  50204. Are you OK after the crash
    2
  50205. The one big difference between Miami and Los Angeles is fewer islands and further away but Channel Islands is nice but almost nobody lives there while Catalina is beautiful but at certain times crowded on the main LosAngeles facing part of the island. We share the quit desire I almost feel like a senior citizen as I’m sick of congestion loud noises and crowds
    2
  50206.  @MichaelBordenaro  never considered that but I definitely like less crowded beaches, less congestion or long lines at stores loud music in traffic etc. takes away from the natural beauty which I liked how you pointed out the flowers for example
    2
  50207.  @MichaelBordenaro  also I forgot to include like Los Angeles, except for the wealthy upscale areas of West LA, everyone in Miami spoke Spanish to me or around me in stores not just in Little Havana but Hialeah etc.
    2
  50208. Didn't the Canadian government freeze or seize the bank accounts of the Canadian truckers who were told they had to get the jabs?
    2
  50209. Killing it with these daily uploads
    2
  50210. The stock market has had corrections. It crashed due to covid and has had dips/buying opportunities ever since. Real estate for some reason, is untouchable
    2
  50211. But you're comparing a condo what about a suburban house?
    2
  50212. Makes you wonder if we all fell out of the same tree.
    2
  50213. Blackrock....the real meany..
    2
  50214. Not all raises get you to the next tax bracket
    2
  50215. 8:28 im in CA my equity is up by 4% from 6 months ago. Went dowm by 0.01% last month.
    2
  50216. Things have gone up in price - fiat currency. Things have not gone up in value. Value of the house to the user is the same as it was 3 years ago. Delusion and denail still strong, which means we have a long way to go down. When these turkeys give up, then it is time to think about buying. That is when you get value.
    2
  50217. "Soft landing" means avoiding a recession. Lowering inflation is a different issue.
    2
  50218. back in your old stomping ground.
    2
  50219. Thank you, you seem so honest and sincere.
    2
  50220. Our pleasure!
    2
  50221. wow just found this video, You answered my questions good on you. subbed bud. Itll be 10 more years before I can make it... But I wanna die on the beach if that makes sense.
    2
  50222. Yep never bet against the Fed. Also another note most are not talking about but stock markets has bottomed and went to the cleaners and reached all time highs while houses were still bottoming and unemployment was sky high in our last recession. Our world is much different from 15 years ago but wealth is up for grabs right now. Just not in housing right now. Diversify my friends
    2
  50223. It’s @ 69% because buyers and sellers are both eating it rn
    2
  50224. LOVE the colab as I subscribe to BOTH your channels because you are both GREAT 👍 😀 👌
    2
  50225. 💯💯💯👍
    2
  50226. small drink 0.99$ medium drink 1.25$ large drink 1.50$ ..... RIP USA eternally grateful
    2
  50227. If the seller lists the property as is are they still liavle to disclose the issues of the property ?
    2
  50228. Mike, show us Trump's mansion ! Call him and Ask ! You'll Be Surprised !
    2
  50229. Haha. Your exactly right. Wait until the trolls have a rude awakening.
    2
  50230. Don't do a video in SF or LA or Oakland, Mike. You WILL get robbed and have your car broken in. It's a fact. London Breed is like Lightfoot of Chicago; downplay their own screw ups and pretend like nothing is happening.
    2
  50231. Hi Michael Nice video! I really enjoyed seeing this beautiful home! ♥️
    2
  50232. "I bench press 31 trillion" ----- FED NOW
    2
  50233. I’m glad you made to California with your wife! It’s a real gamble signing up for an ARM and can quickly suck you under . I never signed up for one because our economy is too volatile and unpredictable. I wish people with these mortgages good luck holding on to their homes.
    2
  50234. Hey Michael, do you think there is data that suggests a corelation between increased social media users and increased consumer and credit card debt?
    2
  50235. Another great video Michael many thanks Merry Christmas
    2
  50236.  @MichaelBordenaro  He isn’t an independent observer. Look at what Mark Zandi said about inflation and Covid in an interview on Fox Business with Maria Bartoromo. He said if Covid moderates so will inflation. Covid has moderated significantly and inflation is sky high. Is he looking at home prices going up 30% in one year. Rents going up 30% to 40% to 75% in one year.
    2
  50237. Need more videos from you. NOW!
    2
  50238. Hey Michael, love your channel. A bit of history, bought my house 38 years ago in So. Tampa, where no body would buy, and I was laughed at because of buying in my area. Bought my house for $44K, and today, well you can imagine. BUT, as you have said, where am I going to move. I just love my "Little Key West Bungalow in So. Tampa, and I will probably die in my little house. So, all the houses like mine, are being knocked down, and "McMansions" are going up. So sad, because this area has history, but to the buyer with the $$$$$$$$ they don't care. Life is still good, and I plan on many more years in my house. I'm older, and really don't feel like relocating. The pool is all I need. Keep up with your great videos. So. Tampa
    2
  50239. You look good with or without your shades I would like to see you, and Reventure Consulting, do another one together, thank you for your video's I try not to miss a one, they are very educational.
    2
  50240. People always have a remorse. In 2004 I bought my house in Brooklyn, NYC, and I wish I would listen to smart people who recommended me to buy a small apartment in Manhattan instead. Of course, it is a joke, but as an investment a small studio in Manhattan went up 300 percent or more.
    2
  50241. 😮😮DEFINITELY A REAL PERSON. NO AI FOR ME. THANK YOU MICHAEL, Carlos
    2
  50242. RENTERS need to be careful who they rent from !!! You could easily rent from someone headed into foreclosure and be pushed out once the FC is finalized Make sure the property is NOT BEHIND OR HEADED TO FORECLOSURE ONE WAY to avoid this problem is to rent in a large complex, NOT a privately owned apartment
    2
  50243.  @MichaelBordenaro  thanks! Hope to be there soon
    2
  50244. Good boots on the ground info,,thanks.
    2
  50245. You’re right! So many people moving to Miami has cussed rents to skyrocket!
    2
  50246. Where are you walking at... what street? I need to know where this ghetto is in Miami Beach?
    2
  50247. 4:00 You can get twice as much for water front
    2
  50248. Of course we enjoyed your video Michael, keep up the good work👍
    2
  50249. 5 Mil for just that land or did I read that incorrectly. ? People down there are delusional.
    2
  50250. In Miami and near the water....."Im easily distracted." I wonder by what? 👙🤣
    2
  50251. All that equity is getting ready to go bye bye
    2
  50252. Wonder what will take care of this need…
    2
  50253. Thanks for your astute observations, Michael.
    2
  50254. Thanks for the video! We are looking to purchase our 3rd rental property in FL and your channel caught my attention bc I really don’t know if we should wait or not. I’m looking for a beachfront 3/2 this time. Prices are going down so I think we will go for it. Thank you again!
    2
  50255. Great video great information would it be possible to do one for $5000 per month looking for a rental for next January February In Florida thank you
    2
  50256. Today's fun fact...how much money has the FED dumped into the economy...let's do some math for the 9 trillion they dumped..that's $9,000,000,000,000 lets do that in time: 9,000,000,000,000 seconds is equal to: 150,000,000,000 minutes is equal to: 2,500,000,000 hours is equal to: 104,166,666.67 days is equal to: 285,192.79 years now let that sink in the US dollar is toast.............now go buy some silver, gold, extra food....or what ever..oh...heirloom seeds are good too
    2
  50257. 8:17 Maybe the US should reinstate it's original coverture laws. Most men these days do not even consider marriage as an option considering the dire financial consequences for them if the marriage ends in divorce.
    2
  50258. In my area I am not seeing any downturn in pricing in fact anything people are still over bidding for houses. Where are you seeing this?
    2
  50259. It's Mr. Salt & Pepper! throwing info on your raw meat ✍
    2
  50260.  @MichaelBordenaro  Then it must be due to the renovation you were talking about that created this!! Guess we'll have to wait for forensic for the report.... Still crazy what happened!!
    2
  50261. How long did it take for them to get back to you after you sent them your notarized ID form? It's been 12 business days and no word or mail from them.
    2
  50262. It not just that interest rates are going up that makes home purchase difficult. It’s that rates are going up with outrageously high home prices. 6% mortgage rates/2022 home prices are like 15% mortgage rates/1980 home prices. The total monthly payments are some of the highest in history.
    2
  50263. Absolutely a fantastic guest professional- have him return to talk more
    2
  50264. Great video!
    2
  50265. The fact they have crap loads of inventory is because during Covid and for months after they had a backload of goods which has been arriving. Stores are overflowing with inventory.
    2
  50266. The Banks have no money! They've loan all of "your" money for houses and cars. Now with the economy, home and car defaults are up. Just read the news that layoffs in several big banks are coming.
    2
  50267. Hey
    2
  50268. Happy Saturday Michael .
    2
  50269. Just recently discovered your channel, liked and subscribed. I'm a landlord in Indianapolis. Why is it ok for the tenants to not pay rent yet the landlord should be on the hook? Doesn't seem consistent. Thanks for the info.
    2
  50270. Great video Michael
    2
  50271.  @MichaelBordenaro  You should! You are so knowledgeable about the state of Florida.
    2
  50272.  @MichaelBordenaro  May I friend you on Facebook?
    2
  50273. So it has begun!😎🤨
    2
  50274. Ok, been trying to get the Bordenaro hair style for a bit but can’t dial it in….give up your secrets please!! Lol. My hair In the morning it looks like Miami Vice but the middle of the day it is shit…hahahaa Keep the videos flowing bro…u are nailing it !!
    2
  50275. I've been wondering about these real estate agents trying to stretch the reasons for buyers to buy right now when buyers are really tapped out. They are starting to stretch the truth a little too much. There is one in Denver that uses her own data. And, I have been highly skeptical of her numbers recently. But, I don't care enough to do anything but notice. But, I have to wonder when does a real estate agent's pushing of the narrative violate their fiduciary responsibility to their buyer clients. If they use their own data or use explanations that stretch the reality of the actual data, can buyers come back and sue. I know there has to be some interpretation allowed for agents, but I also know there has to be a line they cannot cross.
    2
  50276. First time home buyer’s not in the equation can’t last.
    2
  50277. The "bust" is yet to come next year.
    2
  50278. Love your vids. Keep it up.
    2
  50279. I know , I'm in that position right now , I sold made a nice profit , and I'm renting a duplex Wich is the cheapest you can get , but have to let the money sleep now , who knows how long , cause I'm not buying right now I set my mind to that , its a win loose situation you right , so interest rate has far I care it can go up 15% makes no different cause I'm not doing nothing but chill , lol , great videos always
    2
  50280. Loved the video. What is the name of the apartment?
    2
  50281. Do you think rent will go down anytime soon?
    2
  50282. I have sympathy for the homeless. I just can not patronize the crime and looting they bring to the community. If they can make an effort to WANT to improve their situation, I i wouldn't have a problem with that
    2
  50283. I know from my standpoint I would not buy at 6% rates with these prices . There has been a 20% appreciation for the last couple years so historically 6% 30 year fix is fine if I am not paying these prices , when that 400k home is 300k sure if I was in the market . Keep in mind fixed rates are tied to the 10 year treasury and not directly to what the fed does. Indirectly what they do can make treasury’s attractive as an investment based on what’s going on with stocks thus affecting the 10 year yields. As Mike indicates rates have a better chance of rising than going much further down but anyone who tells you what’s going to happen is giving a best guess . All guidance I have seen are rates will stay higher longer. As Michael mentioned the rates that get quoted are assuming 20% down, typically a 760 Fico and single family owner occupied or second homes. When there is a deviation from this the rates have what is called Risk Based Pricing adjustments , which can be in the form of rate increase or points. All conventional loans are run through automated underwriting engines referred to as Desktop Underwriter, Loan Prospector . These engines will typically issue an initial approval with a housing ratio in the 38% range and all other debt maximum of 50% which includes external debt like car loans. I could go on as to the variables that affect this but will leave at that. I pretty much follow Michaels videos as he has a solid understanding , long term experience and most importantly shoots strait . Nice neighborhood
    2
  50284. That is one plain little house for 2 million.
    2
  50285. 😁😁😁😁😁😁
    2
  50286. Make a video about Florida vs California. How do they compare.
    2
  50287. Imo the recession started in April 23 (q2). We should have a huge spike in unemployment.
    2
  50288. good job congrats i watch as many as possible
    2
  50289. I like you every video. Very nice 👍👍❤️❤️Jesus Christ love you🙏🙏🙏❤️❤️❤️
    2
  50290. Very informative video and a nice break from the Real Estate lol. What you didnt mention is what your wife thinks about this? Either way CA is very beautiful for sure but I couldnt put up with the liberal craziness and congestion. We are in NC and have everything (the weather here is great most of the year except summer and winters are mild.) I think you got it pretty good there in FL!
    2
  50291. Glad you & Lizzy are OK. So tragic! Wonder if a sinkhole could have triggered it. An apt complex (3 story) for a company I worked for in CA got completely flattened in the Jan 1994 Northridge earthquake, and lots of lost lives. I hope the report here will be better. What a helpless feeling! Prayers to all!
    2
  50292. Michael adopt that kitty n u will get more subs...
    2
  50293. 7:08 when you realize how really fucked up and lawless the system is !!😂
    2
  50294. Are you still thinking of moving to Northern California?
    2
  50295. We are about to put our house on the market around November. Moving to our other house in NC . Is waiting 2 mos no big deal or will it be upside down? I’m worried. Lol
    2
  50296. I've been looking for an apartment on Meridian right where you are walking but the problem was that the ones I made offers on already had cash offers.
    2
  50297. US economy is based on massive consumption. People are bombarded by the media to buy buy buy — whether they need it or not. Credit cards are another huge problem. Handing a card for payment is less painful than paying in cash forgetting the loan shark interest rates banks charge for the credit card accounts. Always live like you are poor (even if you are not). Don’t charge anything you can’t otherwise pay for in cash. Let the credit card work for you and not the bank. Never ever carry a balance. Other ways of saving: Open the windows and turn off the A/C. Make your coffee at home instead of waiting In queue at Starbucks, while wasting gas and overpaying for coffee. Cook at home. Avoid fast food and, ordering out, and eating in restaurants. Avoid having pets if you are living on the edge financially. Make a list of ways to save money (by not spending it). It’s fun to watch your money accumulate once you build a momentum.
    2
  50298. Hi Michael, thanks for your input! The thing that most of you guys don't mention on your videos is the powers that be in the elites! The WEF has a plan and they are running with it! Most are blind to their outcomes! We will have a one world govt, we will have a one world economic system! It's set up now, ready to be unveiled! Remember their statements "You will own nothing and be happy" So your theory sounds good, but you are fighting something you will never win! There will be a major world economic collapse as planned! Its called "A Reset".
    2
  50299. We use cash credit and debit and I personally would like it to stay that way I do not want the digital money it's just another way that the government's trying to take us over
    2
  50300. Excellent
    2
  50301.  @MichaelBordenaro  it is expensive, plus alot of fire 🔥, Florida has got alot of hurricane 🌀, we can enjoy same weather almost all year but if I want to see snow I need to drive only 90 minutes. I'm IT guy jobs market is really good and they also pay good ,if u make more than 250 k ,u can have good living here
    2
  50302.  @MichaelBordenaro  Hahaha. Yes, I just laughed when I saw you on the beach! Way cool!! And our windy city today has the lake wind affect snow coming down now. Thanks.
    2
  50303.  @MichaelBordenaro  Thanks. For right now and this brings back cool beach memories.
    2
  50304. Hey Michael: How about including high utilities for home owner costs. My water for only 2000 gallons is $184. Highest use $282. Just had a $20 a month increase.
    2
  50305. No metion ofthe real issue here: The Feds job is to issue debt, the problem here is the FED, War = debt = slavement , FRAUD = polititians + FIAT not BTC TAXATION w/ NO repreesentation , wake up
    2
  50306. There in skid row
    2
  50307. A LOT of Artificial manipulation happening online that is up bidding the housing market driving up prices . Not just there but everywhere practically. Also corporations like Blackrock are snatching up SFH turning them into SFR .
    2
  50308. Solid dude!
    2
  50309. I’m going to list my house in the spring acres a pond. 4k square ft. Only 500 k. .. it’s rural.. 30 min drive to the closest gas station right next to a Walmart….. acreage a pond. Woods .. not bad. .. just remember 20 below in the winter is normal…
    2
  50310. aannnddd.................... Escambia County, Florida region is still cheap in comparison to other areas of Florida.
    2
  50311.  @MichaelBordenaro  So many of my HS friends and acquaintances always talked about leaving Michigan, but never did. Most are still there today, and not real happy, but they have rationalized their decision. To each his own, but I have NEVER 2nd-guessed that decision - even when a couple of rough spots showed up, financially.
    2
  50312. Everything in Tennessee here is actually going up not down it's a joke the house is so over priced from all of the migration from the Democrat states they take their money and run over here and they drive up all the prices can't buy anything here anymore because of them
    2
  50313. I live in central Florida. I see housing inventory going up but the prices are staying high. I see some homes dropping rates but just a few thousand. I also see house after house being built right on top of each other. Everywhere you look a new subdivision is going up.
    2
  50314. Thank you for sharing. Always beautiful scenery I ❤️ Florida. Here on the Jersey shore prices are starting to slowly reduce. Waiting to see how things unfold over the next 6-12 months.
    2
  50315. How much to retire? I've been shooting for $3 million. Family and people at work have thought me crazy. In 2020, Oregob had an estimate of $1.3 million to retire comfortably. Most States were $900k or higher. With inflation? 😢 It's more right now.
    2
  50316. GET THIS!!! Effective May 1, 2023, Fannie Mae and Freddie Mac will charge HIGHER Mortgage Rates and Fees to anyone applying for a Mortgage with a FICO score or 680 or Higher or if they put 20% to 50% as a down payment to Subsidize Mortgages for borrowers who have a FICO Score of less than 680 or they put a down payment of less than 20%!! This is the Biden Administration punishing Success and rewarding people that probably can not afford to purchase a house. We have learned nothing from the Sub Prime Mortgage Debacle of 2008, because this will end up with history repeating itself. This rule was implemented very quietly without much attention by the Media.
    2
  50317.  @MichaelBordenaro They do not care to get things back on track. They do not care if people are priced out. They will not let RE go down. It will go higher.
    2
  50318.  @MichaelBordenaro  hey, how people that you know moved here, what's the best way, which visa? I'm dying to move in USA.
    2
  50319. I'm surprised you did not know what everyone knows about Miami.. you could also look for info on Google.
    2
  50320. I’m stuck in south FL for another 7-8 years, can’t wait to get out. Looking at NC
    2
  50321. I wonder if the unrealistic people who raised the price of their house by $500k are trying to play the market. They know they won't ever get it (heck, it's advertised as a potential tear-down in the description). But they want a rediculous asking price that they can eventually lower which will entice more buyers looking for a good deal. Those buyers may think they are getting an amazing deal because of the huge discount off the original asking price. The only problem with this logic is everyone can see the price history online and will know what they were trying to do. Too many games in Real Estate!
    2
  50322. My opendoor offer was 560k I sold the home for 717k they got mad at me over the phone when told them the offer was really low they assure me it was a good offer 😂
    2
  50323. The biggest and correct point that you made is that no politician wants to crash the economy. That is a fact. The fed might even have to resume printing money and backing off the rate increases if things get chaotic and kicking the can down the road.
    2
  50324.  @MichaelBordenaro  I hear you but they have this fake economy so whacked out now that they don’t know how to get a grip on it because either way it’s a disaster. I know that you know what I’m getting at. Take care buddy.
    2
  50325. I like the background and the neighborhood you are in whenever you make a video ...
    2
  50326. Awesome advice thank you very well-thought-out common sense
    2
  50327. I was born & raised in California but it's too expensive now to raise a family here. Houses in my area are at least 600,000, we can't afford that. So now my husband and I are heading to Texas where my in laws are, leaving everything we've ever known. I'm so afraid but I know my kids deserve a better environment. When they're a bit older we'll consider moving to Colorado, Oregon or Florida.
    2
  50328.  @MichaelBordenaro  Aww, thank you!
    2
  50329. End the corrupt Fed and stop stupid governments interventions to prevent this crisis from happening again.
    2
  50330. No kidding. Wait until the drug market dries up in Miami.
    2
  50331. Barring any government intervention, and that's a BIG wildcard, the answer is simple, prices will fall until WHATEVER is out there becomes affordable. If that means mansions that cost $400k to build sell for $250k, so be it...I mean are they going to be demolished if not one bites at "full price"? (I hope we never get there, but then again I never thought I'd see something like Covid and even less this covid asset bubble).
    2
  50332. Thanks Michael for giving solid advice. Much appreciated. I hope those who need the advice. Listen and listen carefully and take it. Seriously…. 👍
    2
  50333. "side hustle" lol. Sounds like a scheme, sketchy. I got this image of Jackie Gleason playing pool in "The Hustler" 🤦🤷. But I know what you mean Michael. Good video!
    2
  50334. You are right by the German in Venice’s shop! Hey, sweet Lisi!
    2
  50335. Bummer!!!  @MichaelBordenaro 
    2
  50336. I am confident that it will happen at some point. Don't give up! :-)  @MichaelBordenaro 
    2
  50337. Explain Homestead.
    2
  50338. What color grey is that you add to your hair?
    2
  50339. remote workers ruined economies when they left the cities their jobs were in. Remote is great, if you stay in the city that you earned your salary in. Salaries and bonuses should be cost of living based, pre-2020 cost of living based.
    2
  50340. Michael quit bragging on the west coast we got enough for you guys over here already
    2
  50341.  @MichaelBordenaro  Thats cool about the handicapped stuff! Thats why I was interested in Naples but if everything closes at 9 its not doable for us! Crazy about your grandfather! Wow! I was in a wheel chair for 4 years,. I am out of the wheel chair walking with a cane after the they removed the metal. I dont know if I can ever walk unassisted again but if I can I should not walk on surfaces like sand. Its too risky! Thanks again!
    2
  50342. Very good information thanks for sharing
    2
  50343.  @MichaelBordenaro  yes! the drivers here in Tampa Bay are the worst I have ever experienced. Besides FL and CA, I have lived in Idaho, Georgia and Maryland.
    2
  50344. Ahhhh! Good for you! I wouldn't like that once they're out there... they're out there! kinda the whole point I know lol
    2
  50345.  @MichaelBordenaro  I'm glad you did too! Learning a lot!
    2
  50346. Recession is here. The companies will probably just fire those who refuse to come back, and then just hire someone else for less pay.
    2
  50347. Logical listen!!!
    2
  50348. i can easily afford a car, and need to buy one, but i looked around at the prices and it just made me laugh. it's not about if i can afford it or not, it's about value. a new honda civic is not $40k. that's laughable.
    2
  50349. That’s one way to collect evidence for your personal injury case against the city 😂
    2
  50350. Michael it's not loan forgiveness it's loan transfer, and by the way it's not going to happen it was struct down in court. The President can not give out money without congress approval . It was all about getting votes.
    2
  50351. Oooh that jungle yard at the 5min mark. Me want....
    2
  50352. Unfortunately, realtors and media are normalizing these prices. So if interest rates drop in the 5s people will think they're getting a deal. What a scam, consumerism and marketing is all psychological.
    2
  50353.  @MichaelBordenaro  I'm sure there are many unrealistic rentals out there. Your in real estate profession, what are the comp's on this place?
    2
  50354.  @MichaelBordenaro  doesn't everything right now? 😂
    2
  50355. Michael, youre the best!
    2
  50356. I'm totally a west coast FL guy
    2
  50357. Bal Harbour, sunny island, aventura, coconut grove, bricklle and coral gables.
    2
  50358. 🌴🌴🌴Excellent points on all these different topics. Thank you, Carlos
    2
  50359. Looks like south Florida area
    2
  50360. This is the first I'm hearing about current car payments! Unbelievable. This and so many other struggles need to change; the people in charge are nothing but a problem. But damn! Are people really paying that much in car payments? I'm 41 and on my 3rd car only because I relocated across the country and decided to leave the second behind. Are car payments seriously that high???
    2
  50361. Still walking around that toxic waste dump..when you get home and you have a twitching face just tell the Dr you were hanging around Torrance and Manhattan Beach where the world's largest DDT manufacturing plant was at one time and it left everyone there some nice forever chemicals in the environment it's a present from the greedy chemical industry....oh but they cleaned it up....RIGHT...oh ok they are trustworthy...I forgot...😂😂😂😂
    2
  50362. Good I'm glad the market is correcting itself. These housing prices are ridiculous.
    2
  50363.  @MichaelBordenaro  .......It's actually called the Hollywood Broadwalk. No offense to the lovely broads strolling there.
    2
  50364. Thanks for the info! I’m following your channel and I think your correct.
    2
  50365. That landlord might get a rich foreign investor or tenant to take the bait..................
    2
  50366. I remember having that black phone l0l
    2
  50367. Regarding the auto insurance - when we lived in South Florida a decade ago - we found the best auto insurance rates were had when we bundled our home owners and auto policies. AND - a little surprising to us was the best rate was from AAA Travel club ! I've no idea if that is still the case...
    2
  50368. Having a high LTV puts people in a precarious position. It’s a good bet, especially for rentals, when the economy is growing: easier to acquire multiple properties quickly. It is so risky during a recession. You could lose your job, your (new) job could require you to move, you could lose your renter because they lost their job and lose a few months of rental income but the mortgage is still due.
    2
  50369. I think Cook County(Chicago) only allows 1 month's security deposit now.
    2
  50370. Congratulations 🎉🎉🎉you deserve it 😊
    2
  50371. Bad actors ruining it for everyone… isn’t that the truth!
    2
  50372. 6:42 WHAAAATTT????!!?? Please expound!?!!!
    2
  50373. When you have unknown factors, like the Fed, that control the economy, how can you have any certainty in forecasting future events?
    2
  50374. North beach all the way!!! I hate when it's overcrowded!!
    2
  50375.  @MichaelBordenaro  please do it !
    2
  50376. Michael Absolute insanity!! These policies reflect the socialist propaganda we are being subjected to these days. Investors have a right to collect rents from their investments. I do understand that there are hardships out there. But we are in an economy that consistently reflects labor shortages. In other words most people can get work, pay their bills and be responsible citizens. Hard work is what built this country. This insanity has to end and I think that most people are starting to understand whats going on and want change soon !!!
    2
  50377. Flying to Dublin tomorrow, then London then Paris. Looking forward to good exchange rate for the Euro and Pound.
    2
  50378. Michael I think Miami is overpriced dramatically by at least 20% I like to see Miami come down at least to 10%.
    2
  50379. Tent sales are at record levels in America today. I'm voting democraaat. It's swell.
    2
  50380. If they print enough money will real-estate and stocks keep going up?
    2
  50381. Have a nice day
    2
  50382. Great video! I love seaside!
    2
  50383. Good video.
    2
  50384. $17800 - outside appearance is like Best Western Hotel...... Only $5100 per twin bedroom in Ocean front Miami.
    2
  50385. Is there anything positive in the housing market???? Please do a video on that.
    2
  50386. Michael do you think Dade county will crash?
    2
  50387. Thanks for the contect Mike. I hope everyone down there is getting the help they need. 🙏🙏🙏🙏🙏. Mike I'm from Elgin, IL no way...you were right down the 90 wow!
    2
  50388. Mike I truly think they are trying to gobble all these banks up into one so they can track and control. Crazy or not its what they did to mom and pops during covid. They ate them alive.
    2
  50389. 💯💯💯👍👍👍
    2
  50390. Yes. But..the economy is cyclical. ..ergo 2008 09 crash is now repeating itself ...and will again...therefore cash is always king in these scenarios..and one should be prepared for these repeated downturns ..because they will occur again.
    2
  50391. Serve us the truth!
    2
  50392. Average person has 10 credit cards....all maxxx out😢😢😢😢😮😮😮
    2
  50393. I’m moving. I’m going to rent out my house so if my kids/grandkids need someplace to live they can live there.
    2
  50394. ❤
    2
  50395. Prices are coming down because the people buying these over prices houses cant really afford them. Most people are paying atleast half of their monthly income to rent and mortgages.
    2
  50396. Austin must drop. Current median incomes cannot support the current median home price.
    2
  50397. I think one of the reasons for layoffs at Google is because of ChatGPT. I have not been on Google since I discovered it.
    2
  50398. Trails?! ❤
    2
  50399.  @MichaelBordenaro  I am 41 so I am not in the fortunate generation. Certain age groups for sure are involved. The young who have well to do parents and the older. I can't see how anyone in FL is a super young good looking entrepreneur living in South Tampa like 20s or so. They gotta have wealth from family.
    2
  50400. I thought you got jumped in the last Miami Vice neighborhood you were in. It looked shady there 😂
    2
  50401. President Biden said the economy is great Are you telling me that crazy Joe is wrong
    2
  50402. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Hi Michael 😊 I really appreciate the deep dive research you do on all your videos and share it with us. I do understand that this takes time which has is very valuable. I look forward to watching every day. Hope that you and your family are doing well. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  50403. Does Florida have a lot of jobs
    2
  50404. The problem with these prices are way to high for us who are still making the same amount of money yearly as we did 3 years ago ! As a bartender on siesta key I’m still making the same as I did 3 years ago 😮 People aren’t tipping more so for us service people making 50k 60k 70k a year we can’t afford these high prices of homes especially at 7 percent ! It’s insane ! We need either interest rates to come down or housing to come way down !
    2
  50405. Great video, Michael!
    2
  50406. Prices come down or going back to normal
    2
  50407. I hope you all realize these companies WANT YOU TO QUIT! They’re bloated, hired too many people, are drowning in debt, and need to downsize into this long recession we’re facing. They’re not shocked, they’re relieved when you quit so they don’t have to lay you off when you refuse to go back to the office. We’ve been riding a 20 year debt train and it’s over. The share of Zombie Companies is staggering and I wouldn’t feel too secure in your remote jobs right now. The argument that office buildings and physical locations are a burdensome expense on these companies come from people who have never owner a business. Assets are tax havens and an investment for them long term. Not always, but more often than not. I don’t think many understand the corporate welfare that cities and states offer companies to have a physical presence and provide a workforce to live and contribute to the local economies. You will be replaced and unemployment will rise over the coming years.
    2
  50408.  @MichaelBordenaro  absolutely. Just search layoffs right now and you’ll see tens of thousands of white collar workers getting laid off. Tesla, Ford, you name it are using the remote work contention as a way to downsize on their own terms. I heard about this in the beginning of the year from a big wig at SP 500 company. Why would a tech company pay Silicon Valley wages to someone who lives in Alabama or Florida? Remote work may stay, but it’ll be much smaller scale than people think, with more stipulations, and the hybrid model will increase. The commercial real estate is also a mess and these big companies can’t just unload all these properties. Who’s going to buy them? They’re better off utilizing them and taking the depreciation and tax advantages.
    2
  50409. SLAB CITY IS THE ANWSER MICHEAL!
    2
  50410. 👍👍👍
    2
  50411. Thanks!
    2
  50412. 1st
    2
  50413. Hello Michael: Please mix metal riffs in your real estate videos.
    2
  50414. You think these homes will become very cheap because of the water problems?
    2
  50415. Got to love these walks
    2
  50416. When are you returning to Florida?
    2
  50417. I like the house at 5:54 wonder how much that would list for?
    2
  50418. It's not affordable housing. It should be called an affordable American dream that is now unaffordable.
    2
  50419. Nice rant, Michael!! Its animal spirits in the USA. Materialism is a drug to many people. Have to have a fix, every day. The country is completely unglued, out of control .
    2
  50420. You can live on a boat for free in the entire state. Have a couple of people living on boats here in Volusia County.
    2
  50421. Interest rates on a home loan should be 12 percent at a minimum!
    2
  50422. Thank you for this video! It answered to every doubt I had. Been living in Florida for years; and now I'm deciding to take a chance a see how it goes in California 🙈
    2
  50423. RV Parks? When the storm approaches then just drive away. After the storm, drive back, park your RV and hookup your utilities.
    2
  50424. Hey Michael, I will go back to NYC Queens and rent...perhaps forever. If prices really crash then I may buy a small condo in Florida to stay in the winter. Or if prices in Queens drop significantly I may buy a coop there again. Remember I do not have a mortgage on my home so I want to cash out now. Yes rent will be high but the return of my investment will generate more income for me. In 2007 till around 2011 prices here dropped 50 to 60%. If that happens again I can be stuck for another 5- 7 years till the housing market rebounds.
    2
  50425. Hi Michael , we are at the lowest unemployment in over 50 years. Yes all the jobs are not the greatest, but you can certainty work hard and move up the ladder. Why do you think so many people are trying to come to America? Sounds like a ticking time-bomb on the condo front. Florida is out for me. Way too expensive.
    2
  50426. On a positive note, I’m impressed by how clean Miami Beach looks. So, we’re doing some things right.
    2
  50427. Naples here I come!! I can’t wait - 2024 is our target year if the world doesn’t fall 𝐚𝐩𝐚𝐫𝐭!
    2
  50428. grow your own and raise animals...gordian knot approach.
    2
  50429. Thanks!
    2
  50430. Thanks Mich
    2
  50431. We are in the age of Aquarius which is an age of uncertainty better get used to it
    2
  50432. I'm waiting and ready when buying make sense Shouldn't be more than rent With 25% down
    2
  50433. Those big trees are nice in the summer for shade but don't forget, hurricanes like to play with big tree limbs. Not sure how Clearwater has fared with hurricanes recently. Check the neighborhood for past hurricane damage such as flooding, downed trees, power loss, etc.
    2
  50434. thanks, great video! next year we're moving to florida!
    2
  50435. People are too overleveraged. IMO we are looking at a 2008 crash.
    2
  50436. This is correct… I see rentals coming down… people are getting evicted left and right and they can’t found rentals
    2
  50437. Michael... episodes like this justify my early subscription to your channel.... Thank you for the content on this important current issue
    2
  50438. What townships were you in?
    2
  50439. Thanks for the videos I've been thinking about moving to FL for awhile. Ive thought about Panama City area I've got family in the area and love the golf. Needa buckle down and save the cash up to move I'm a automotive technition so I should beable to find a job. Just really need to deside where I'd want to try to move to. Looking at housing cost in buying a house and there is aloy more options in small houses and condos down there than here in Asheville. Could buy a small house a condo and a boat in Panama City for the cost of a house here. My question how did you go about meeting people when you moved? I'm not much of a drinker like have had 2 glasses of wine in the last year so social environment can be difficult to find unless your at a club/bar, church, or maybe a gym.
    2
  50440. Citizens has been trying to get rid of policy holders for years, but if you have a sinkhole, or repaired sinkhole, there are no companies taking sinkhole properties! As far as I know only Citizens will require flood insurance on their policies, and if you don't live in a flood zone, estimates from the insurance industry is it will cost about $200. a year! And it will be 4 years as they slowly roll it out, starting first with those in flood zones, who will pay more! As far as roofing, the law will be if you need a repair, the whole roof won't have to be fixed!
    2
  50441. Do you still believe this video's conclusion Michael, about it becoming a balanced/buyer's market? It's amazing how fast things changed in 2 months. In December, just like you, I thought that inventory will start to increase in the next 1-2 years and prices will decline since people got in over their skis, and the overheated market will need to unwind. But now I'm not so sure, it seems like even that won't happen because this market is such a juggernaut. Thanks for addressing the "house poor" topic though, since it's rarely discussed anywhere.
    2
  50442. I went from 7k to around 9k in Miami lakes..
    2
  50443. Michael Love information you share with us! You positive attitude is also appreciated. You remind me of my Son.
    2
  50444. I was a mortgage broker in Manhattan from 2004-2009, it was the Wild Wild West back then. After the crash it took me a good 5 years to get right and re-invent myself. There’s a lot of pain coming in the market and I feel bad for people who are going to eat shit. I just paid off 34k of debt (this am). Pay your debt bank that cash and get ready to eat! 2023 is going to be great!
    2
  50445. Foreclosures are rising in Texas.
    2
  50446. That beach looks awesome..no people
    2
  50447. Another option to examine...if you want a garage and a lawn but not the hassle of owning a single family home is to buy a townhouse...you get all the options of owning a home with a garage but you have to pay monthly dues just like a condo.
    2
  50448. I’m from Boston and I’m looking to be where you are! 😭 I’ve lived here all my life, but I was NOT built for snow.
    2
  50449. He made a video on that yesterday. About real estate agents quitting. And he quit a while back as he mentions in this video.
    2
  50450. Thanks!
    2
  50451. Excellent ...How old is too old for a condo by the ocean anything prior to 2000 .....I fear at first developers will offer fair prices but if this market become wide spread and effect too many of the condo that require high assessments , supply and demand could l effect and developer may try to low ball offers ..in condos that have high special assessment of 50 to 100K ....and the majority of unit owner cannot afford the assessment ..,,,Does the condo association file bankruptcy ....What happens do they take a loan an make payments overtime , like they do at country clubs..
    2
  50452. Here for my daily dose of doom…
    2
  50453. I definitely enjoyed living around Tampa Bay for about 10 years than the couple years in Miami. So many rude people even back in 2005-2006. But its too much over in Tampa Bay these days. Best kept non-secret here in Albuquerque
    2
  50454. This is why, unfortunately, tight credit is needed. Well, one of many reasons. Companies need to be forced to tighten and tighten so there aren't as many jobs available. Sad, but true.
    2
  50455. Wow Michael, you are so right. A few weeks ago I read an article that said insurance companies were going to put a clause in their policies that said” they were no longer going to cover wildfires,hurricanes,storms,sinkholes etc” so what exactly are they going to cover ? These types of catastrophes are why ppl have insurance companies. If they are not going to cover them WHAT IS THE PURPOSE IN HAVING INS. ? It’s time the politicians stop this sort of madness. It is akin to buying a car but not being allowed to drive it. IMO insurance companies should not be allowed to sell any sort of insurance in any state if they don’t cover HO policies. I am a retired,widow who has been in Fl. full time for 37 yrs.part time b4 that. I will eventually have to sell if this continues. My only other option is if I croak b4 it gets much worse. Sad to say but it’s the truth. Keep up with the great videos & warning ppl of the pitfalls of owning anything in Fl. & the other states that seem to be following suit.
    2
  50456. Most people don't realize that insurance cos have to get approval from state regulators to raise prices... So if u got a hike in insurance premiums in FL then the state approved the rate hike. I wouldn't want my insurance coming from a firm that is not rated by best's insurance or gets a poor rating
    2
  50457. Thanks again Michael, that bar looks perfect. Best Regards to both of you
    2
  50458. ALL THAT SAND CRAP IS LIKE PLUGING A BOAT WITH PAPER...THE REEF SYSTEM NEED TO BE REGENERATED .. BUT THEY INSIST ON USING CLIMATE CHANGE TO DO NOTHING OF REAL VALUE
    2
  50459. Or don’t pay it off at all 😂 Screw a house as well (live in a van and buy a home cash)
    2
  50460. Enjoyed this video! Loved seeing one of Robin Williams’ homes. Was really surprised the house had not appreciated more than was revealed in the video. Thanks much for sharing. 💯💯💯💯💯💯✨
    2
  50461.  @MichaelBordenaro  Thanks man!
    2
  50462.  @MichaelBordenaro  Would you want to meet up when I come down to Miami? My skype is live:ykevelson
    2
  50463. How the HELL do people make payments !! Absolutely unbelievable. I live in Michigan and those prices are fucking Rediculous. So
    2
  50464. Opendoor is finished and will have to close.
    2
  50465. As a fan of Micheal Bordanero I'd like to say Happy Birthday wife. You gotcha self a really smart hunk. Wish you well on your 😶th birthday
    2
  50466. Hello Michael, Nice stroll along a lovely backdrop of the beach and the ocean views, i have been fortunate to have never rented a place ,but had a small mortgage in my house purchase, i planned to be there for a few years at least, people i knew years ago had to pay what is called a Bond over here {England} ,this was an advance payment to the landlord ,plus ,at least a months rent in advance depending on the rental contract. With regards to credit cards ,i have paid down the balances , and had them as an emergency backup ,until my emergency fund was built up, always remember seeing Dave Ramsey`s show with his Giant scissors cutting up the plastic :}
    2
  50467.  @MichaelBordenaro  Thanks Michael , i have always been interested in the property markets both domestically and abroad ,your reporting on the ground so to speak is very interesting ,look forward to your videos :}
    2
  50468. Finally, a Miami Realtor that aint full of shit
    2
  50469. HAPPY BIRTHDAY LISI — so glad you had some one-&-one time with Michael— without the dogs !!! 💐🎂 🎁🎈
    2
  50470. I got a nice one bedroom condo just one street from the beach front at 65.000 in a cute beach town called Kino bay, It's worth 75-80 thousand today but its a good price still. Weekends are busy but weekdays are very quiet and so resting... In Mexico the state of Sonora very neer from home Tucson Az only four hour drive, just perfect.
    2
  50471. Disney = Orlando. MIAMI Art deco.. Fort Lauderdale cruise.. This town shark meal
    2
  50472. How themarket will react when there's no insurance company to insure the houses thus no one can get a mortgage?
    2
  50473. Yes Michael, I've been with you for 5 years🎉
    2
  50474. Mike, if the house burns down completely. That would be a total loss.
    2
  50475. "Common sense isn't so common". Voltaire
    2
  50476. well considering house values go up so do taxes but the government does not deserve the taxes to spend as they will
    2
  50477. I love the Art Deco! Learned a lot. Thanks Michael!
    2
  50478. That's a rare thing to hear that's awesome that he was responsible with that money. Especially in this state they've got people out there just a snitch, lol!! Last year they just had a big raid on all the shops that were buying the people's food stamps.
    2
  50479. A duplex 2/2 sold in 1 day on my street $250k. 32168
    2
  50480. I retired at the beginning of the pandemic and our plan was to downsize and travel. We sold our big house (3500sq') and it has since resold for $200k more than we sold it for and is probably worth more than $300k more than we sold it. My replacement property has gone up in value but not nearly as much. Don't even get me started about my retirement budget being blown with all this inflation. All I can say is being out of debt has been my saving grace.
    2
  50481. Thanks you, I will use this video as the base line searching for a place to forget the world (retire :))
    2
  50482. ​ @MichaelBordenaro Really? I sell real estate in your market and all the Californians were literally doing whatever it took to outbid all cash & waiving all contingencies in the last 3 years. It's a stretch to say agents are responsible. Many properties where getting 15+ offers in less than 24 hours. SELLERS are the greedy ones who pushed the limits on this. Take or leave it, they'd say with a nasty attitude. Let's not pretend sellers have not been ruthless.
    2
  50483. What happens to folks with mortgages if they condemn the building?
    2
  50484. I just received my approval letter about a month ago, I have been offered on two different homes and someone offered way over the asking price at this point I just want to give up looking. How long does my approval letter last. If I wait for a few months?
    2
  50485. Thanks again Michael for the nice video. It will be interesting when you get to Hollywood. I know that area as I stayed at the Diplomat Hotel. I could see the big guitar a wars in the distance from there. If it is raining lightly or overcast on a drive where we can still see some good stuff, I would be down for that. I would also respect that you need to stay safe out there. Video quality is good. I'm thinking of a dash cam for accident protection and car club video footage. Keep them coming.
    2
  50486. EXACTLY
    2
  50487. Happy Father's day
    2
  50488. Happy anniversary Michael 🎉
    2
  50489. Why would a person who does not have to sell their home. Put there home on the market to try and get less for it then the highest quoted market value already projected. what would be the incentive and reasoning for a person who thinks like me to do that if they did not have to sell it. People like myself. who understand business will not put there homes up for sale and sell it for less if they do not have too. which means the only way they would sell there home would be if someone came to them and offered them a cash deal that was to good to walk away from. When their home was not up for sale.
    2
  50490. Michael, your presentations are the best kept secret on youtube. I consider your insights invaluable. Thanks.
    2
  50491. What about.................WIFI ?! West of Fifth. Oh wait , that cannot happen. Well I tried :/
    2
  50492.  @MichaelBordenaro  luckily for me it was only 3 floors, but I've seen ones that are 10 floors or more! Those people would probably kill it on a StairMaster 😂
    2
  50493. People in most country…I’d say damn near every country is not prepared for a major emergency. And you can’t take that money with you when you die. So… 🤷🏽‍♀️ Also, student loans can make you money depending on what degree you got.
    2
  50494. I hope…..
    2
  50495. Santa Barbara, Coronado Beach, and Santa Monica should be next if you have enough time.
    2
  50496. At 4:51 on video you said 2023 is ending…. You jumped a year. 2022 is ending
    2
  50497. Got a cool look bro. I like the glasses! Good info!
    2
  50498. The fed is planning to inflate the national debt away. It is going to be easy once the rest of the world stops accepting the dollar.
    2
  50499.  @MichaelBordenaro  Tech people can be rude & stuck up, but in general (IMHO) people in California are friendlier than the East coast. Miami in particular seems to have a more NY attitude. Outside of Miami, I found Florida people to be friendly & accepting of outsiders. Just my experience.
    2
  50500. C u in Myrtle Beach
    2
  50501. They all do this crap now. Happening here in NM. All of the above. Taxation without representation is back.
    2
  50502. All I know is, my mortgage interest rate is 2.25% fixed. I am not moving. I DO think people should patronize their local AMC movie theaters, though. AMC popcorn coming to Walmart stores in the next couple of weeks as well! Thanks, Michael!
    2
  50503. Good stuff!
    2
  50504. Why do people get upset over loan forgiveness but the government constantly bails out corporations and you pay for that too. Get mad about that! Send up lawsuits about that! They didn’t survey the teachers I know who really appreciate the 20k towards their loans, or the nurses I know, or the PAs I know. I think that survey was put out there to just stir the pot. I don’t see anyone throwing a fit over all the zero loans the government just gave away in 2020 to business who didn’t even need while the small business who did need it didn’t get a dime.
    2
  50505. Omg, you are so funny! You gave those negative people good/sarcastic advice 🤣 "if you are lazy, just stay where you are and pay 500 dollars rent"...lol.... I absolutely love your videos, they are so interesting 😍
    2
  50506. Man I am not buying the Bank Rate article on insurance. I had a very small place @ 1600 sq ft , 2 car in Phoenix and paid 1500 a year in 2020 when I left there. All kinds of discounts with multiple cars, homes (condo as well) and being new when I moved in circuit 2014. So that 1268 number is way low. Neighbor adjacent paid 1880 that same year. So if using this as a general guide I would add 25 to 30% minimum.
    2
  50507. I am surprised the lender went ahead with that loan with that roof in poor condition.
    2
  50508. Unfortunately, I believe this will snowball and not just in Miami. The fees associated with condos and associations - not to mention mortgage and taxes, are enough to stop me dead in my tracks…
    2
  50509. In favor of it!
    2
  50510. I don't blame you.
    2
  50511. Always chocker block full of smart nuggets.
    2
  50512. What about St.Pete?
    2
  50513. Well I think your good now, might be too much work on the back end for seminars. Your shows are the seminars. I watch you everyday. ❤
    2
  50514. Recessions and depressions aren't mistakes - every one throughout history has made some people extremely wealthier and this time around it will be the same.
    2
  50515. Check on the flips you found too!
    2
  50516. Let's see the jeep bro, I've built a couple of em
    2
  50517. Michael Bordenaro make it a new thing. That’s what the public want.
    2
  50518. Thank you for your quick response to my comment. I will definitely check out the videos you suggested best wishes.
    2
  50519. Thanks for sharing, I am sure you are going to get a lot of comments that you are paying too much but you are paying for the location and being right on the beach 🏖 is amazing 😅
    2
  50520. Michael! I so just noticed the tags still on that Straight Cab! How long ya had it? Just picked my les Paul up from the shop and doin a Vid this week
    2
  50521.  @MichaelBordenaro  Pop by the channel next week and i’ll have one posted. Keep these updates comin! Im buyin a damn house next year come hell or high water! I cant STAND renting anymore
    2
  50522.  @MichaelBordenaro  Touche', Touche' 😂😂
    2
  50523. Thanks for the informative video. Where in Miami are you walking? It looks like a nice neighborhood.
    2
  50524. Michael is doing a great job. I like his videos, also. 👍
    2
  50525. Beaches in Northern and Central California are a lot different then the South. I live in Big Sur, California and we have beautiful beaches and Monterey Bay and Carmel by the sea are beautiful.
    2
  50526. hi, michael, thoughts about KINGS POINT, in delray beach?
    2
  50527. Blockchain solves all these issues
    2
  50528. The woman you describe with the Heloc is smart. She is going to pay debts that can not be discharged in a bankruptcy with debt that can. The Heloc will make the bankruptcy just that much easier. Instead of a bunch of creditors, she'll have but one.
    2
  50529. How dare you offend Metaburst ????
    2
  50530. Good question. I wonder if local copp's would is possible? If insurance companies aren't going to insure people, drop good clients, drop any client that ends up having a claim, and/or they continue to find excuses not to pay which happens a lot, its just legalized gambling. My home was flooded in 100 year freak flood . FEMA decided that since the damage for our county didn't cross the X million dollars mark....we were all just SOOL but they made damn sure the huge shopping mall got rebuilt by insurance. Everything is set up to screw the common man. Oher countries...don't even allow schemes like insurance. If shit happens it happens and you move on and deal with your own shit and your neighbor takes care of his. That is what will end up happening here eventually.
    2
  50531. Tanktop Michael... how many of these things do you actually have?
    2
  50532. We got the same thing in southern AZ! lol
    2
  50533. Been calling this since last year. I used to work for a major real estate tech company.
    2
  50534. I was starting to "jones" after not seeing your video ... Gotta get my daily or bi-daily dose. ;) BTW, do you only specialize in Dade county? Thanking you for all you do. :)
    2
  50535. i live in satellite beach and the beaches are the best but they do have rocks sometimes
    2
  50536. Miami Beach is a beautiful place, but I don’t know if I would want to do the peak of summer there, I heard Ivanka Trump and Jared Kushner moved to north Miami Beach
    2
  50537. Phone deals are back too.
    2
  50538. I agree about the not having kids, I don't think people understand how much the economy actually affects the birthrate.
    2
  50539. They already have Public - Private partnerships. They have been wrought with corruption (a lot of it in Florida) and have not worked.
    2
  50540. I am waiting to buy a nice townhouse in Orlando.
    2
  50541. Great video you right on point about moving out their area for a more affordable living.
    2
  50542.  @MichaelBordenaro  I'll be setting up a consult with you about a possible trip to the area the week after Christmas. Michael, your channel spoiled me. I can't even watch any other channels about visiting or living in Florida, and the little dog simply won't stand for it. After watching you all weekend, he runs in to the sound of your voice!
    2
  50543.  @MichaelBordenaro  Same here. Probably after mid-September, and I'll set the consult up even if plans end up changing, since our lives shift gears frequently. Probably why things are never dull!
    2
  50544. I recently got a survey in the mail asking me about information on my property and that they were doing a study on the surrounding properties in the area. It even came with a dollar, and I could either complete it by mail or online. When I typed the link the survey came with in Google, I couldn't find the survey. After watching your last video, I decided to forget the survey and just kept the dollar. I pray the market gets better soon. Can't stand my current neighborhood. I tried to go for a walk and a group of black guys were sitting in the middle of the sidewalk even the end of the crosswalk pushing me out into the street. I walked around them then asked nicely if they won't block the sidewalk. It's not safe. Sidewalks are made to keep walkers off the street. It's not a siderest. I also made it clear that I was aware I am not law enforcement. I was so scared in saying anything too and I know everyone is hurting, however; being ignorant and rude like that doesn't help anything. It hasn't been the first time either that I've come across this situation. The 4th of July people's firework parties were shaking my tiny house worse than Florida thunderstorms do. I haven't even been in this neighborhood a year and feel like I've been here forever with the amount of fear and anxiety the surrounding neighbors have created.... it's nuts. I am so ready to try another area of Florida.
    2
  50545. Have you seen instructrial engineer for surfside concerns about integrity of Collins avenue...
    2
  50546. Mike and Lisa! Visit Carmel Beach!⛵ 🐾 and Carmel Valley! Big Sur too. Remarkable place to be. 🌊
    2
  50547. If you have to sell in 2023 get ready to not get what you want.
    2
  50548. Housing used to be affordable and there was no ban on foreign ownership. Obviously something else is driving up the costs.
    2
  50549. Some of the HOA’s get kick backs from the sub contractors. Look at the recent corruption in West Kendall Hammocks. They had straight up criminals running the HOA. Security and landscaping should go out to a competitive bid every few years.
    2
  50550. Great video, I totally agree!
    2
  50551. I have been watching this channel for a while now... I want to state that I agree with Michael 99% of the time. People are not responsible for their decisions. If you are approved for a $2,000 a month mortgage you should only spend 80% of that. Realtors (I am a Realtor) will not stop you from doing what you want - we can not do that. But people need to take responsibility for their actions. You will most likely have two car payments and a mortgage - plus living expenses. I agree with Michael, live 20% below your ability to save for the future. I know everyone wants to be the Johnson's or the Jones's. Just be the Dick's and live the way you can afford to live and be happy. Happiness usually does not bring the lifestyle that people think - the most unhappy people I know are my friends that make the most money. 's. Our society does not want that. They want all of us to spend and be in debt. Buy what you can afford and be happy knowing you have a $100,000 in your savings account. Money does not buy happiness. But savings does buy security. Security does by happiness most of the time. Let us all be Dick's.
    2
  50552. Two weeks ago the company I work for had a hiring freeze. This last week, two people were just laid off at my workplace. I'm not in real estate or a real estate related business, but work for a large company.
    2
  50553. Walk or ride a bicycle through the neighborhood.
    2
  50554. Thank you Michael, We already have a a condo in Nj full service, with NYC view our hoa fees are expensive we have 3br 3bath we are keeping this but we would like to have a smaller place for the winter.
    2
  50555. Houses are overpriced so a drop is needed
    2
  50556. I love living in Miami grew up here left for ten years oh boy I was so glad to move back thank you for sharing this beauty
    2
  50557.  @MichaelBordenaro  loved it and surcribed
    2
  50558. Don't be a Brad. 😂😂 Be like Mike❤
    2
  50559. d absolutely right There's going to be a glutton of homes for sale very very soon and you mentioned the people 50 and over taking out loans on their house that's because they're out of money because their kids are sucking them dry
    2
  50560. Thank You!✌
    2
  50561. Maybe this is the beginning of a career in Hollywood?
    2
  50562. Yes sir. I have done all of the repairs you are talking about. You can wakeup Monday morning to a leaky faucet. It has happed to me the last repair was over 😢 $700.00. No joke.
    2
  50563. When all the tricks come to light, it will be the worst economy ever in history. The government is broke, people buying 350k homes with zero down that really can't afford the payments and it's inflating property taxes, people with bad credit buying 65k pick up trucks. The USA is literally 1 paycheck away from disaster
    2
  50564. Allstate pulled out of homeowner insurance in the MidAtlantic over ten years ago. Thanks for the fake real estate agent info. I got one in the neighbourhood.
    2
  50565. Tiburon in Marin County is a super wealthy area. Robin Williams house was there in Tiburon.
    2
  50566. We no wonder there are now 7 million unemployed illegals lowering middle class and entry level jobs
    2
  50567. 1st!!!?
    2
  50568. For the algorithm.
    2
  50569. Oh snap.
    2
  50570. That Mesa head though..ufff
    2
  50571. Agreed most will see increase and will be shocked, fortunately ours stayed same in NE FL, we bought in Dec '21 home with no homestead exemption, got portability our homestead exemption, so county raised value by 65k, minus 50k homestead, so releaved 😅
    2
  50572. Let me know when they get under $300k Yeah?
    2
  50573. Love your driving tours, this town is beautiful!
    2
  50574.  @MichaelBordenaro  You’re welcome! And I will someday! 😀
    2
  50575. Living on the boat , like Miami vice dude , remember with the crock , lol
    2
  50576. Do you guys go dutch on living expenses even tho you are married couple?
    2
  50577. Most mortgages are non-recourse, so many people won't let the house be the last thing they continue paying for. It can be logical to continue to pay for your car (so that you can get to a job and sleep somewhere out of the rain). Similar logic for credit cards, you may really need the cushion of being able to carry a balance while living out of your car.
    2
  50578. Prices increased from 2008 due to lower interest rates and quantitative easing. Now it has to reverse all the way to decrease inflation.
    2
  50579. Realtors don’t like to have showings during the holidays. Okay here is where the real disaster will be. Lenders as you say are going to tack on the missed payments AND interest onto the back of the loan. The late fees will probably be waived. That’s lenders “gravy.” Now what will be interesting is if the amount owed is OVER the threshold of the 80% of value. Are the customers going to be required to have mortgage insurance? Or will they have to refinance with the mortgage interest? That would be a win only for one party: The Lenders who will push borrowers into higher interest loans. It’s a scam!! The ones I feel for are those delinquent borrowers who cannot pay the amount due. As Betty Davis said: “Hang on, it’s going to be a bumpy night.” Happy Thanksgiving to you and your family. Thanks for your dedication to keep us informed.
    2
  50580. LOL, one of our good customers lives in Manhattan Beach. He designs, paints and sells surfboards. Cheers from Wisconsin!
    2
  50581. I can't stand my neighbors. It's nosey busybodies who have nothing to do but gossip. I used 2 years of COVID restrictions to grow tropicals all along the perimeter of my property. I've also learned how to ignore them.
    2
  50582. The reason why Ft Pierce is going through gentrification a new airport and downtown development they want the poor people out.
    2
  50583. Have you seen videos about the rare earth mineral mining? It's sickening !! Chinas water supply is polluted. It takes over a million gallons of fresh water to get one gallon of lithium.....farmers in South America are so angry. Child labor in the Congo.....it's NOT GOOD !!!!!
    2
  50584. Wrong, the problem isn’t the interest rate level. It’s the fact this administration refused to stop spending at record levels. It’s like trying to bail water out of a sinking boat without plugging the leak.
    2
  50585. Thank you for covering this !!!!
    2
  50586. Thanks!
    2
  50587. Wait this can happen on a 30 year fix rate?
    2
  50588. Ill stick to watching concerts on youtube for $0
    2
  50589. Welcome to the TIK TOK WORLD!😂
    2
  50590. And hey if it works for you guys. Great! That’s all that matters! 👍 So I agree with that as well. If you are in agreement as a married couple. Who is to say different? 👍
    2
  50591. I have not walked in a physical bank in more than 7 years ! Online banking has been around a long time I often wondered why ? There is still so many regular banks open ? You don't need a regular physical bank for what ? Even going to an ATM . I don't go to the bank one . This is 2024 not 1985 . Physical banks are dinosaurs and not necessary .
    2
  50592. I thank America for SS It will save you if you don't get rich! so work and pay into it until you are 70 and you will be alright! Fight for it! God bless America!
    2
  50593. lmfao, its called Techno/House/Music - Also we have fishing freaks-Boating, Fishing is a big thing in Miami and the Florida keys
    2
  50594. Take a look at the feds remittance. We can no longer service the national debt with tax revenue. The fed is now losing money. We are in the death spiral. The USD is going away and fast
    2
  50595. I wouldn't get married and I might later get a home. About 50% of marriages fail and even your marriage doesn't, your spouse can bring in financial costs and spending you did not anticipate. I read something recently that 60% of single men are not dating anymore because of the expense, hassle, etc. It also said that women are in trouble if they look to men as a way to get into a higher standard of living because many men's attitudes have changed. Personally, I can see this. If you look at a lot of TV shows the men are usually portrayed as stupid and the women smart. These men are just supposed to obey and pay. Well, times are a changing.
    2
  50596. Love that you said loan motorcycle because that was on my mind your detailed breakdowns really clarify things for people trying to think things through
    2
  50597. My mom has a reverse mortgage. The interest is now $845.00 every month. Im think about paying it off. It's difficult to get out the reverse mortgage. I'm afraid her insurance is going to price her out. My sister said no to helping getting the house of the reverse mortgage. So I'm okay 👍 with her decision.
    2
  50598. Why don't you like Summers in Miami? When's the best months to be there?
    2
  50599. Great Public Educator a Real Positive Influencer.
    2
  50600. I like the long videos😊
    2
  50601. Good points today Michael, what is really sad is that the FED is what caused this mess that we are getting in. With their so called mandate of 2% inflation they need to crash the economy and put millions out of work to try and get there. When Powell talks about softening of the job market he really means lot's of people need to lose their jobs. And of course they are not accountable to any one as they are not elected officials.
    2
  50602. What about RV living?
    2
  50603. Michael: I commented a while back that you would probably be surprised at the number of people that are listening and taking your words to heart and turning them into action. Liam Thompson is right of course and the whole chaotic economic and social war we find ourselves in is totally politically-motivated. The insane policies of the liberal-left will destroy any vestige or a normal civilized society in the US ( If the voting public continues to let them do it ). They are only interested in power and will burn everything to the ground to keep hold of it. When I get so fed up I can't stand to watch the stupidity any more I just retreat to my compound in the Scottish highlands --- For those who don't have such options, the only hope is to try and stay ahead of the crazies, listen to well grounded common sense words and be as well prepared as possible.
    2
  50604. You can reject this reality all you want, but you can not avoid the consequences of rejecting this reality.
    2
  50605. Insurance is going cause a condo crash in Florida
    2
  50606. Yes, you save in gold and silver and you borrow $$$ (currency), we all don't make money anymore since 1974, when US dollar was taken off the gold standard, we make currency which is highly manipulated the way that through inflation, which is artificially created by FED that works with government, people pay hidden tax to the government.
    2
  50607.  @MichaelBordenaro  You’re welcome handsome. 😊😊
    2
  50608. When I got my real estate license I remember sitting in the weekly staff meetings, listening to people, freak out about Zillow and the other online brokerages that were coming along . own a lot of real estate, but I buy it, maintain it, and rent it, because there is far less risk. I have always been suspicious of flipping homes, because there is so much risk. Most home flippers don’t make much money on a percentage basis on the house and if anything goes wrong that instantly turns into a loss. Very early on I could see the Zillow and the other ibuyers companies going down the wrong road because buying and selling houses is a tactile visual thing as much as it is about the numbers. Even the way the house sits on a lot can change its value considerably and an algorithm cannot see that.
    2
  50609. Some Very good and experienced info, Smoking is my #1 Cost, Never start means You Never have to Quit❗. Great Content 👍.
    2
  50610. I like this format! 😃
    2
  50611. Sorry Michael the market will resolve it. The market is the solution. It's going to get ugly for awhile.
    2
  50612. Parabéns!!
    2
  50613. Those areas alwayslook so empty. No people, no local stores, ec. Are they are owned by non residents parkingtheir money?
    2
  50614. Dot tell people to borrow against their house. You still have to pay it back.
    2
  50615. One last death stroke for the nation as feigen investors are cut out of the economy. Time to focus on other forms of income. Good time to open a business to help the local community. Farming was one way people of the past made a living. May be time to go in a different direction more in tune with your surrounding community. See what is needed in your local community and work toward those needs. Plenty of opportunity out there. Be creative.
    2
  50616. In the end there will be some kind of bailout/default/bankruptcy of people who were stupid with money & the bill will be footed by taxpayers who saved & did what they thought was right.
    2
  50617. Tank top purveyor ?
    2
  50618. We are in a election year. The economy will always be off.
    2
  50619. Good afternoon Mike. Just as A quick comment here a bit different. You look kinda like a friend of mine who lives out in Dallas. His name is Dave although he no longer has his hair? Facially ? You guy's could be like cousins . Oh he also like you is Italian. Thought I would share that . David and I use to work on the air of a radio station called KRZY. 1450 back in the mid to late 70s. Ciao.
    2
  50620.  @MichaelBordenaro  Lol yes it was. It actually was an am band Country music radio station . At the time? I was just getting into the real world of radio. But I personally? Back then as a young guy? I was more into the 70s pop rock and back then popular disco stuff. I guess I was more into the Saturday night fever stuff lol. I have a mobile DJ business here with a partner he's a bit younger and isn't really into the C&W music he is into the hip hop. But we play whatever the client wants. Anyway in close my Friends name is Dave Garson we use to call him dancin Dave when he worked at oldies fm radio station KOOL fm . Thanks for the response.
    2
  50621. Lol Michael see if GC will buy your condo right now for double, since he's the big man on campus 😂
    2
  50622. They are there; anywhere there's water in Florida they are there. They do not move; you can be 6 feet away from one and never see it. They go weeks or months without eating; so they easily ignore humans.
    2
  50623. Me I'll carry umbrella..on the beach.. there
    2
  50624. I completely agree with your last comment. I hope that if I were to have that kind of money I would do something to leave this world a better place than I found it. So much struggle in the world. He could feed so many. He probably could provide health care for everyone in America.
    2
  50625. ❤ 🔥
    2
  50626. The mall looks foreign now. Who is going the mall any more?
    2
  50627. Move to the Midwest. You can enjoy all outfits.
    2
  50628. Congratulations Michael 🎊 👏 💐 🥳 👏 👏 👏
    2
  50629. I'm watching this from the pacific NW, and it has rained here for days and days! I like the 4 seasons, but the grey and rain here just goes on for about half the year. And there's nothing to do at night outside when it's raining, so I sit inside doing nothing much.
    2
  50630. Don’t faint but you should be here in Hawaii where I live. I caught the market “just right,” in 2002. I could NOT afford my own house now.
    2
  50631. Something that really bothers me with the data they lie about. They say we have so many millions 7 million i hear the other day of empty houses. My first question is the data they are collecting, on empty houses, say, umm, are they including these boarded up dilapidated houses no one would live in. Like Detroit and other drug infested, crime and driving by shootings in town of boarded houses for sale, that should be condemned or tore down. Thousands of houses all over the country. Are they counting those into the 7 million Something empty home.
    2
  50632. Looks like a wisconsin car.
    2
  50633.  @MichaelBordenaro  excellent point. That sea breeze is a killer
    2
  50634. A 100% increase is completely wiped by by a 50% decline. Let's say you begin with a $100,000 house and that house appreciates by 100%. The new value is $200,000. Then the market declines by 50%. $200,000 x .50 equals $100,000, the beginning price. Going up and going down are not the same thing.
    2
  50635. Congrats on 65k MB
    2
  50636. Watch out for the Bay Harbor butcher
    2
  50637. Government can never build or subsidize with enough money to help people afford housing in America. This is a waste of time and naturally money even contemplating such schemes. they have failed in these attempts for decades since government got involved in this cause. And to exacerbate the housing problem is this madness of letting people stream across the border. Look at the problem that is causing, no housing for them correct.
    2
  50638. Lol ! ! "W" hotel ...ritzyGlitzy ... and appears vacant .. .
    2
  50639. Quash i flation will require higher rates fo more than a few months - vew years of recession might do it
    2
  50640. Yes definitely videos from the canals please!
    2
  50641. Wait! Who gets the reserves?
    2
  50642. Be careful around any manholes. Hope you’re ok.
    2
  50643. I want to say something about EVs from an Australian consumer perspective. Simply not buying any of it, though the govt is ramming it down our throats it's the solution to emission targets. The fact is we don't have any charging infrastructure, local or long distance. Also we're right hand drive, so the EVs need manufacturing conversion. The vehicles aren't suited to Australian conditions. Personally I wouldn't buy an EV in a fit, cheap or not.
    2
  50644. Nice.. I like this lifestyle..
    2
  50645. thats what i'm seeing. if a cheap house shows up on the market, it has multiple offers in a couple of days.
    2
  50646. We don’t need the government to step in, jus people need to stop renting or buying from this bog corporations
    2
  50647. Hi Michael 🥰 thank you for the update it's really interesting as to what's happening in the market. 🤔
    2
  50648. Yes I would like to see a video about predatory lending.
    2
  50649.  @MichaelBordenaro  thank you so much! I love your videos BTW 😊
    2
  50650.  @MichaelBordenaro  You’re welcome, I do! Thank you for that!
    2
  50651. You're liken' Cali. Any desire to relocate?
    2
  50652. Lmaooo nice. The mayor of the town walks around drunk wht town is im going asap !!$ lmaoooo😂
    2
  50653. I like your channel and on-the-level approach, but people deserve to be better educated; teach her how to leverage her situation more fully. Does she really need the 3 beds? Tell her to rent out a room to a local college kid. She has a fixed “rent” now and only has to answer to the mortgage company, that’s empowerment and if she can’t be creative to figure out how to be in charge of her financial life, that’s the real tragedy. Stop listening to this madness of whether or not you’ve over paid, maybe, but it won’t matter in a decade or two, just like the S&P, people need to stop operating out of fear and listening to the “sky is falling” fatalists. Make it work and be empowered. There’s zero empowerment when you’re at the mercy of a greedy or flaky landlord, and reshuffling your life, moving costs, coming up with another security deposit before you get your current rental security deposit back, this is really disruptive, especially she’s got a kid? Moving around is hard on kids. Sure, the house is a liability while you’re in it, but it’s fixed rate rent for 30 years out, that’s empowerment. 6% interest rate will look cheap when rates hit 10%, as many are projecting by ‘23. Teach her how to make it work and come out ahead on it rather than adding to her sense of deflation and remorse. This is exactly why so many Americans are losing, they don’t know how to be frugal, resourceful, and make the most out of the game. Teach her how to Leverage her asset, not cry about being exploited or under water. Too many Americans live in fantasyland rather than create the angles that generate wealth. She’s got a 3/2 for $202k? Are you kidding? That goes for over $600k out in SoCal. Remind her, yeah, the first year is tough, but then she can write off the mortgage interest and property taxes on her fed taxes. By year two it’ll start being better. She was dumb to run up her credit cards though. People need to learn how to live simpler, make do, and have some long-term planning analysis. Many other good warnings and red flags shared here though!
    2
  50654. Credit Crunch without a doubt. No soft landing in sight. Happy Wednesday Michael, Thank You!
    2
  50655. U will feel better when u know exactly what’s going on in your building . You better get involved with the condo board
    2
  50656.  @MichaelBordenaro  sounds good, thank you
    2
  50657. Is it true that Florida is sinking and will be no more in 50 years or possibly more
    2
  50658. Hopefully they come up with a solution for Florida 😞
    2
  50659. A real estate crash much worse than 2008 is just around the corner
    2
  50660. You know Hollywood!
    2
  50661. Uproot your life for weather? I get it though. I think we are born to not stay in once place for decades. Moving keeps you fresh. I moved to the Bay Area in 1996 from Hawaii. I was 26 and chasing a career. Now I want to move to Sarasota. (I just vacationed there a couple of weeks ago) Now, I live in Granite Bay for the past three years (near Sacramento). The people here are much more friendly, and down to earth relatively speaking. Marin is nice and beautiful. It has some seasonality but not all four. The Pacific Ocean is cold and the beaches are mostly non-existent. Traffic is awful. Homelessness is nearly everywhere. Many people are international transplants that do not intend necessarily plan to stay, so there are many people who choose not to integrate culturally speaking. Even though it's better here in Granite Bay, people are nice but not necessarily warm. People often keep to themselves. I think it's difficult to make friends unless one has kids in sports or you really make an effort to meet people. When I travel back to the Bay Area, as I approach it, I get this heavy, rather dark vibe now. (BTW, Alemeda Co. still requires masks to certain places...yikes) The last few years, we've had terrible air quality from the fires in the summers. Did I mention the traffic? People kind of seem to stick to themselves mostly. Nobody seems to care about college sports here. The A's draw less than 10K/game. The Warriors and Giants are popular as are the Sharks if you want to go all the way down to the South Bay. Anyway, I want to move to Sarasota. My family just vacationed in TB and along the gulf coast two weeks ago. I loved the water and white sand beaches. I even enjoyed the humidity, especially at night. It's so dry and brown here. We're in an epic drought. All the homes are beige and look the same (spanish tile roof/stucco) for the most part. I think it all comes down to what kind of lifestyle do you want...how do you want to spend your days working/playing)? Then, where does that lifestyle fit best. By the way I grew up in OR, lived in WA and HI and now here. Good luck, trust your gut and go for it if you are so "moved" to...haha
    2
  50662. Another good video thank you
    2
  50663. MIAMI DRIVERS ARE THE ABSOLUTE WORST! 😫
    2
  50664. Liked and subscribed really enjoyed the content
    2
  50665. Haha! Love the sarcasm 😂 Yeah it’s a joke and a huge scam.
    2
  50666. "GREEN!" and "SCIENCE!" and "DEFENDING FREEDOM AND DEMOCRACY" and just about every other globalist government agenda of the last couple decades has been all about creating scarcities and bottlenecks and similar central planning frictions, fragilities and inefficiencies constituting FOREVER TAXES... not an unexpected negative side effect of globalism and bureacratic technocracy but their INTENDED EVIL END GOAL... fascism and the monopolies of big government and mega corporations sucking the peasant taxpayer tit dry FOREVER, and us on our thankful idolizing knees to our favorite billionaire tech warlords and red or blue political actor puppets... Government just another criminal racket... the biggest and the rackiest!
    2
  50667. Real Estate the biggest financial transaction? Nah. Marriage is. Statistically speaking you have a 50/50 chance of losing half of everything you own or accumulate over the life of your marriage (if you're the guy). And in some states (Calif as one) risk having to paying lifetime alimony. I'll take a 20% real estate market correction anytime, thank you very much.
    2
  50668. Good video
    2
  50669. I talk about these issues all the time for the past 10 years as I’ve been following commodity, such as golden silver after a divorce or downfall in your finances, you have a lot more critical way of thinking, as in if you’re rich, you may not always be rich, if you’re poor, may not always be poor Most people do not wanna see what’s coming they wanna put their head in the sand. Well there’s not really a lot of people can do with an economic downturn. The biggest thing is to learn skills how to fix old shit because you won’t buy new shit learn how to be poor and minimal, and be a good fighter I think that’s my opinion as a male
    2
  50670. get better.
    2
  50671. Do you have a favorite area yet - you've been going through a lot of place .... some comparison between would be great.
    2
  50672. I'm sure you probably have to do some revisits to name a real favorite.
    2
  50673. 😂 They can want all they want. Like my dad used to say, "want in one hand, and take a dump in the other. See which one fills up first ".
    2
  50674. This video is most excellent. Thank you for taking the time to make this. Great info!
    2
  50675. if the American people ever allow the bankers to control our finances, first thru inflation then deflation, our citizens will wake up homeless on the continent there forefathers conquered
    2
  50676. Even though we live in Australia, it's really great to hear a realistic and down to earth point of view. We have similar problems here. Thanks for your take on the situation.
    2
  50677. $1.2 mil for a burned down house…I’m not sure how you don’t see money laundering written over all the nonsense that’s going on down there. Not even just this property, house is sold for $500k then sold for $3 mil a year later, $40k a month in rent. The cartels are booked and busy…just another day in Florida
    2
  50678. What is Congress going to do about it? They'll invest in those companies, of course!
    2
  50679. Not here. A 2% per year cap law is in place.
    2
  50680. Buy rental property some place. Live there when you want.
    2
  50681. Happy Birthday, Michael; enjoy the west coast for a change! 🎉
    2
  50682. I LOVE YOUR VIDS.....AND COMMENTING ON THEM....JUST TO SHAKE UP SOME SHEEPLE....HAHAHAHAHAHA
    2
  50683. Hi, Michael. I believe the dinner table and guests were celebrating Dia de los Muertos.
    2
  50684.  @MichaelBordenaro  Most def man, that works just fine. Reality is most kids don’t live around the corner from parents later in life. Just the way it is.
    2
  50685. Thank you Michael!! Hi Lissy!!😄 Be well. God bless you both
    2
  50686. I see all the mountain property I am whatcing outside Denver falling in price and sitting for a long time. Hold.....hold...lol❤
    2
  50687. It's not being out of touch. I am in the 1% and I complain about the higher prices in everything. we all have the right to complain, even though it may be at different levels.
    2
  50688. Companies like Blackstone have to turn a profit for their investors lenders so they choose deals that can turn immediately cash flow to keep investors in good grace IE the bottom line.... a "win" @years end... a financial dog and pony show at a high level.
    2
  50689. Great video, Michael! Good for you for being smart and working hard to safeguard you and Lisi!
    2
  50690.  @MichaelBordenaro  Well, you have laid a good foundation for being able to stay in Miami and live comfortably, even if you end up moving elsewhere, like a single-family home somewhere.
    2
  50691.  @MichaelBordenaro thank you for the reply.
    2
  50692. $3,400 is doable and not bad. If he doesn't own a home, a car, or has debt it can be tough. What most younger folks forget is as you get older, healthcare gets expensive, even with Medicare... you are getting minimum healthcare and you'll have to pay out of pocket for care you actually need. I've know a lot of retirees that worked again for this one reason.
    2
  50693. Hey, maybe Opendoor would sponsor your channel? LOL
    2
  50694. Some of these idiots your talking about have commented on my comments and tell me that both you and I are wrong. It blows me away that they even watch your channel in the first place.
    2
  50695. It can’t get no more ridiculous than this listening!!!!
    2
  50696. Absolute insanity!!! Our home is 6 years new, 2500 square feet on an acre and our mortgage is only $985. Florida is ridiculously high!! How do Floridians afford that on 50K average?!?!
    2
  50697. They will but will take at least until 2024
    2
  50698. Isn't the "Mortgage Interest Deduction" robbing Peter to pay Paul? Should that be gotten rid of?
    2
  50699.  @MichaelBordenaro  I didn't give a lot of context, that government is meant to protect its people, in that banning institutional investors would help homeowners save money too. Personally, I see little difference between the two since both are government interference. Just about with any government intervention someone is going to be a winner and someone is going to be a loser.
    2
  50700. Prices are still very high here in myrtle beach ⛱️ even with the price reduction. I'll wait for a real crash. Small cap rates on commercial residential
    2
  50701. 2% inflation is a made up number by Beenake {sp}. Price stability and jobs is mandate not inflation. Please stop saying that. That’s a narrative they want us to believe. Recession isn’t a bad thing it clears the bad companies.
    2
  50702. crime is on the rise small businesses are taking a big hit they don't prosecute the shoplifters if it's a under a thousand dollars they just walk and go out and do it the next day and because of that their insurance rates are going sky we really believe that insurance rates are going to go through the rough It's just a matter of a little time we always enjoy your videos
    2
  50703. people used to buy condos because they were cheaper than a house,, now condos cost MORE than some houses and the HOA in most are run by condo commandos and ever since i moved away from south florida,, i hear constantly about fights going on in other condos about spending money on the buildings,,,, i said it years ago and now im DEFINITELY sure of one thing,, i will NEVER live in a condo EVER again! ill buy a motor home and travel the country before i ever put myself in a situation where a bunch of OLD FARTS decide for me on whether to spend hoa fees on maintenance of a building over cosmetic features just to make it more expensive to live there. hope this tragedy destroys the entire condo market actually or makes it so expensive only the rich will buy into one of them,, they are DANGEROUS and after seeing that one tower fall , it could and probably WILL happen again and i refuse to put myself in harms way just so i can look at the ocean.
    2
  50704. Michael, do you think the homes in Broward county that are listed in the 300,000 range will plummet in price? I've seen quite a few sell for 40,000 and more less than asking and some selling at list. But there is NO inventory for single family homes know that price range. Would love to know what you think
    2
  50705. Ty for all the info!!!!!
    2
  50706. What is your perspective on the Boca raton…palm beach county area? I live in a condo that I purchased for 250k in 2017. I only owe 189k I think now
    2
  50707. I appreciate this channel I learned a lot about commercial real estate in a couple minutes that I never considered.
    2
  50708. The thing, that ruins retirement, is needy kids, or grand kids, that think the old folks are just there for them. I saw this to no end during the GFC.
    2
  50709. Enjoy Kentucky. My birth state. Poking at Karen and Helen so fun😂Just left an HOA that was ruled by grouchy old men!!!!
    2
  50710. I remember 17% in the 70's.
    2
  50711. My brother in law’s parents recently sold their house in Eau Claire wi. I ask him what he paid new, 15,000, in the 1970’s just sold 250k, same place just down the road on the lake a teacher in the -1980’s bought 40k his neighbour with a house half as nice just sold400k
    2
  50712. Way too many interdependencies in our economy. Pull one thread and it impacts five other things. Fake money is everywhere, and sucking it up will not just be a 2008 housing crash.
    2
  50713. those lawns look half-dead
    2
  50714. Algorithm
    2
  50715.  @MichaelBordenaro  That’s a possibility, but when you have a good experienced realtor like yourself I’d almost always do what they say if I was thinking of making a lowball offer. 39 years ago when I was buying my third house (I was transferred a lot), my agent told me that some sellers can feel insulted or offended by a lowball offer and may refuse (unreasonably in my opinion) to consider working further with that buyer. Sellers are often very protective about their home, almost like a family member. There’s a lot of emotion on both sides of a real estate transaction, as you know.
    2
  50716. Biden will not let the big banks fail. Crank up the money printer.
    2
  50717. It’s no cheap houses man
    2
  50718. if you can't afford a fancy new expensive vehicle you go look for a modestly priced used version that will perfrom the same function for you similarly if you can's afford an 800K dollar house you either continue to rent or go to an area with less expensive housing, that is why low priced housing does not go down that much in a major housing crash - the people leaving the stuff that they can't afford have to look at the lower tiers and I suspect that is why the corporates were gobbling up the lower priced homes in many instances, they know that these houses will retain value.
    2
  50719. You do a great job, Michael! I have didn't people I watch for different info., & your one I really enjoy watching & thinking about what you bring to our attention! Thanks for all your efforts!
    2
  50720. To all of your followers who are looking for a job should look at government jobs because government jobs pay more per hour than working at a company. Plus you receive more days off and better and cheaper healthcare. Plus you get a pension. You can get a federal or state or county or city job.😊
    2
  50721. Extremely informative video! I really enjoyed it! Thank you very much for sharing your perspective with us!
    2
  50722. we dont need google employees, we need people to work at 7-11 and we need people to fix our hvac when we dont have heat, so job losses happen at a rate determined by need and necessity
    2
  50723. Happy birthday to your YouTube channel!
    2
  50724. I love the old "fight the fed" methodology.
    2
  50725. Hola!❤
    2
  50726. 8:30 Eat where tourists are not the target
    2
  50727.  @MichaelBordenaro  Thank you! Good to know
    2
  50728. Parents of kids that are school-aged or near school-aged need to buy. It's one of the reasons why the spring is the start of the selling season as parents want to be in a home by the time their kids start in the fall. We've had a lot of apartment construction in my area. The problem is cost. 2 bedroom units start around $2k and run well over $3k.
    2
  50729. Thank you!
    2
  50730. Try the west coast Tampa St Pete area or Orlando
    2
  50731. Regarding inflation…..in our area in N. FL a lb. of deli Ham is now around $12.99/lb. and a lb. of Bologna is $8.99/lb. I don’t know how families are making ends meet right now?🤪 My advice is to become debt-free and stash some cash so you can weather these storms. 😀
    2
  50732.  @MichaelBordenaro  so do you agree with me?
    2
  50733. These older condos probably need to be demolished every 50 or 60 years and replaced with newer ones. There’s just no model in place to have this happen.
    2
  50734. I lived in Florida for 11+ years I guarantee the sellers are waiting for the snowbirds to come down i.e. Canadians great channel in and content 👋🏻
    2
  50735. Alot ofTowns ,city, municipality budgets are beefing they gave Companies tax breaks designed on people At Work supporting those local small businesses. No one comes to work.. shit falls down
    2
  50736. Michael, no doubt about it. Condo fees and revised property taxes are insane. Just the cost of doing business now in south Florida and places like it I guess huh?
    2
  50737. Congratulations!
    2
  50738. That neighborhood looks like parts of Los Angeles. Los Feliz, Westwood, Pacific Palisades, Glendale, Beverly Hills, Hancock Park. Very cool!
    2
  50739.  @MichaelBordenaro  I think you should start your videos with you playing a guitar riff. Screw the haters!
    2
  50740.  @MichaelBordenaro  Pehaps you could make a musical lead in to your channel. Then you’ll have a captive audience. 😂
    2
  50741. Very helpful information! Thanks for taking the time to share it with us! Sincere regards!
    2
  50742. You’re right on about if you want it bad enough, you’ll find a way to get it done. When the gym I go to was closed during the pandemic along with everything else, I did nothing except sit around and eat a lot of junk food since I couldn’t go out anywhere. I stepped on the scales and found out I had put on a ton of weight and became the heaviest I ever was. I promised myself that I would get my weight back down to normal parameters once the gym reopened. Not only have I been going to the gym consistently (3-4 days a week), I’ve kind of fallen in love with cardio in addition to weightlifting. I’ve cut out carbs and sugars for the most part out of my diet so my body reacts negatively when I have too much of them, and have found substitutes for things. As I write this, I’m proud to say I’m over 20 pounds lighter than I was at my heaviest. I have more energy, I feel lighter on my feet, and all of my clothes are getting big on me-if you can call that a problem. I know not to declare victory but to keep going, and see if I can get back to my high school weight. I’m 223 pounds at 6’2 to give an idea of where I am.
    2
  50743. The more programs they come up with the greater the wealth gap will become .
    2
  50744.  @MichaelBordenaro  what is the overall price difference u think between ft lauderdale and coral gables
    2
  50745. Many happy returns on your birthday . 38 is a great age😃
    2
  50746. Hurricanes are actually good. If you examine the damage you will see why it failed. Florida has building codes now and when the failures are built back they are much stronger. I read a report that anything built after 2012 can survive a cat 4 hurricane.
    2
  50747. Imagine what it is in CANADA !
    2
  50748. Uh oh. The gold hustle.
    2
  50749. Lord knows I’m greatful. If I got paid minimum wage I could still afford my home. My friends rent went from 1500-1800 for a townhouse. I got in on the refinance to 2.86%. My home is about 3,000sf. My mortgage in Raleigh,Nc isn’t even $800 a month. But then again I bout in 2011. I gonna sit and redecorate my home. I holding my money to buy agin when the market goes down even lower.
    2
  50750. Thank you for another great video filled with interesting information and great tips. My husband and I do fairly well with a budget, but we can always improve! Our grocery budget is one we are tackling now. And, I agree with your pretty wife about the spa money! I do take my mother in law for a mani pedi every couple of months - I do not think she will allow me to do her nails :D
    2
  50751. Thanks for the video Michael
    2
  50752. Wise words.
    2
  50753. Lawyer up
    2
  50754. Just think in a few short years it will be your building getting replaced. 😮
    2
  50755. 😮Bonkers 😮
    2
  50756. What's the asking price ?
    2
  50757.  @MichaelBordenaro  did you make an offer ?
    2
  50758. Thanks!
    2
  50759. It’s a very nice and best state. I was born there and used to live there.
    2
  50760. What a beautiful day. Great content.
    2
  50761. The last 2 years the house prices are very high and crazy many investors calling and sending mail offer to buy houses for cash here in Miami nw and Hialeah, thanks to God the Last 3 months is slow down the calls
    2
  50762. "One's expenses rise to meet one's income". Benjamin Franklin
    2
  50763. BUY GOLD AND SILVER....DOLLAR IS GOING TO SHIT
    2
  50764. Pro and Cons video sounds great ...Thanks Mike.
    2
  50765. If you move you better find other nice neighborhoods to walk through. Very risky.
    2
  50766. when you said maintenance was about 1000/month I was like "lol that is so cheap for NYC condos!!"
    2
  50767. The Fed is going to have to take out home equity to get inflation under control and equity instruments always overshoot the mean before coming back up.
    2
  50768. I bought in 2019, fixed rate 30yr just 4.75% with not the best credit. I cannot understand how anyone buying back then would get an ARM. First home I bought back in 1991, fixed rate 30yr were running about 9-10%. I went for ARM starting at about 7-8%. Lucked out as rates dropped as I stayed there for 17 yrs, got the benefit of a refi without having to do so.
    2
  50769. Walk star island
    2
  50770. New subscriber…. Really enjoy it Great content thanks!!
    2
  50771.  @MichaelBordenaro  Great! I'm looking forward to it! I had to run out for a couple of hours this morning, and your video mix made the difference between coming home to a calm dog laying on his pillow happily watching you, and returning to a frenetic Morkie, who chews me out for an hour for leaving him! Thanks!
    2
  50772. Reno is good and as long as the weather is not too bad you can drive to California
    2
  50773. Great videos! In Broward the key thing for some buyers is the school areas. You see some beautiful homes and the schools are in the 2’s and 3’s and private schools are in the 30k,40k p/year.
    2
  50774. I ride my bike past there a lot. Nice area.
    2
  50775. Geeze Michael these loans are a recipe for disaster. LOL, this is what happens when you don't have HOA even though I'm not a fan of it. You get a dump next door and can't do a thing about it. Thank You Michael and I wish you and Lisi a Happy Memorial Day Weekend.
    2
  50776. I agree I started doing a extra once every two weeks lately
    2
  50777. Back in the 08 crash Obama passed a law keeping banks from foreclosing before two years delinquent, many homeowners who could've paid decided not to just for the two years not paying , instead of good it was bad for them having government intervene, lost their home ,credit and had to end in rental market with ruined credit
    2
  50778. Perfectly nice marina. Probably some very nice people have boats there. Some real people who we could relate to.
    2
  50779. My boss is VERY pro remote work to the point of taking to task businesses that were demanding people come back to the office.
    2
  50780. Delia and I looking to by a 2 bedroom condo with a den that I can use as a office...we don't want to take care of the maintenance except inside...about 1400 to 1800 sq.ft max. For about 550k to 675k
    2
  50781. Will you be starting your own Brokerage?
    2
  50782.  @MichaelBordenaro  I haven’t heard of giant conglomerates buying up thousands of houses. I thought that the inventory is very tight. Where are they finding thousands of houses? Can you back that up with data? Who are the conglomerates? Do you have some examples? Just want to be informed. There is so much misinformation out there causing a panic. I know that builders are building and there is a shortage in materials.
    2
  50783.  @MichaelBordenaro  I’m really doing some in-depth research and finding articles that the properties that Blackstone bought which was a brand new subdivision of many new single family homes were bought for the purpose to rent them out to people with the option to buy and therefore creating an opportunity for renters to become homeowners. So really that would be the opposite of what people are saying about Blackstone. Blackstone has a complete different business model than Blackrock. It would be worth calling the property that Blackstone bought and asking about the cost of renting and the program of renting to buy. The correct data that comes out here to the regular folk is crucial so we all don’t panic. All this is public info. Is anyone willing to make that phone call?
    2
  50784. 💯💯💯👍👍👍
    2
  50785. I noticed neither of the bathrooms has a tub only showers. A bit of a downer.
    2
  50786. Go to beaches off of Hwy 1 between Santa Cruz and Pacifica on your way to San Francisco. Morro Bay, Cambria and all along the Big Sur coast is like this. Half Moon Bay and Santa Barbara are beautiful.
    2
  50787. The economy should crash just like 1929..people are completely blinded by their greed
    2
  50788. Have friends in Sarasota things different there? According to them it is.... true or?
    2
  50789. I think interest rates need to hit 12%-14% for prices to TANK
    2
  50790. Hmm let me look into my crystal ball for me that would be a NO WAY too risky.
    2
  50791. If you’re paying taxes then the government will be involved.
    2
  50792. Isn't all of Florida built on sand or swiss cheese limestone (ie. quicksand or sink holes)?
    2
  50793. Yeah, that's great and all, but pulling back on deficit spending even just a little, say, $0.5T less per year, will cause an economic implosion in the US economy. When that implosion occurs, the government will immediately have go back to the previous level of deficit spending plus more to rescue the economy. They are trapped. At least today they can claim its a "booming" economy. In scenario two they deficit spend even more but it'll be called a "recession." The can has run out of road.
    2
  50794. They're going to keep this going until the rich get their billions where they want it.
    2
  50795. Don't you worry. All these states that want to adopt the California electric car mandate, already have stupid, insulting, insane names for the people who refuse it. Probably something like, climate terro*i*t, anti-climate changer, climate fascist, science denier, etc. etc. etc.
    2
  50796. Great video as always Michael. I always wait for the new ones.
    2
  50797. Probably State farm next just like a bad neighbor state farm wasn't there 😂😅😂
    2
  50798.  @MichaelBordenaro  I know, I couldn't believe it. That's probably happened more than we think to make the housing market what it is today.
    2
  50799. Agreed. This country is not going in the right direction unfortunately.
    2
  50800. New York City is a concrete jungle, building all over the place. Now, you live in a building, how would you like it if your neighbor had a different face every week?? You are not going to feel safe.
    2
  50801. I'm 32 and I've never been able to afford a brand new car They're simply too expensive, depreciate too quickly and cost too much to insure. They're not economically viable. Currently driving a 2008 Camry with third party insurance I got from my parents. They just bought a new Nissan QASHQAI. It's nice to drive and has a good interior and functions. But it costs almost a year of my wages. It has to collapse, probably once the boomers with money die off and the poor millennials, gen z and gen alpha come of age.
    2
  50802. Bidenomics along with non stiop lies. I went to Lowes today fake trees, nothing special average price $799
    2
  50803. It's all bad reminds me a 2006 gotta hunker down get ready for the storm
    2
  50804. But if they kept printing money, would inflation prevent the cost of housing to come down?
    2
  50805. "He that hesitates is lost." ORRR..... "Good things come to them that wait." The latter right now at least. ACHTUNG! Foreclosure Tsunami ahead!
    2
  50806. You will get a free drink burger, fries at your fast food Restaurant . Maybe a free coffee too!😊
    2
  50807. You said in another video that a crash was declared a couple months ago
    2
  50808. Thanks!
    2
  50809. i read a lot of the reasons why you didn't see so many huge ups and downs in the economies in the late 20th century like we saw from the great depression or the 2008 recession for example is thatfrom 1945 - 1992 (i know recessions still occurred) is that the big money was parked in T-bills primarily
    2
  50810. I'm not a real estate agent, but a friend of mine in Florida gave it a try and told me these same things. In comparison, my brother is in Boston and does pretty good and he's not a big schmoozer, but started out with a well established company owned by a family friend. I'm in Florida and when I was ready to buy , I noticed alot of agents that weren't really on the ball. I basically found my own property, did my own negotiation and research and just needed the agent to let me into the property. We never established a relationship. I agree with you on so much competition, but half of them are doing it for fun I guess. I have to say lack of loyalty doesn't exist here in many fields. Maybe because we're all from somewhere else? My brother doesn't seem to have the same problem.
    2
  50811.  @MichaelBordenaro  I don't blame you! Wishing you an abundance of success!
    2
  50812. WOW! Are honest and direct! You tell it like it is. This is the first time I've watched your videos. I like you a lot. I'll watch others before I subscribe. Thumbs up!
    2
  50813. Well there you have it EV is proof of stupidity in government .
    2
  50814. It may bring your credit score down a little if you get a pre approval is what I heard..
    2
  50815. Couldn't agree more about off loading mortgage backed securities.... the fed was giving lip service with the interest rate increases while still buying securities It's also related to the ten year treasury yield which is why mortgage interest rates can fall while the fed increases rates
    2
  50816. Are you referring to sub prime mortgages when you say " non qualified loan"?
    2
  50817. 🍔😲...
    2
  50818. No way rates go to 3% anytime soon. Certainly not in 2023. You don’t undo a decade+ of zero interest rate policy with a few quarters of rate hikes. The FED doesn’t care about your job, house or 401k. The owners of the FED like recessions, allowing them to pick up assets for pennies on the dollar.
    2
  50819. It's the banks! They're in cahoots with the insurance companies! It's obvious. Boycott!
    2
  50820. great video
    2
  50821. Of course lol! The rich get richer and the poor get poorer. A tale as old as time...
    2
  50822. We r listing our house next week. I don’t want to wait for all the pent up sellers to run to list. And they will the second the Fed drops rates to 0 overnight in an economic fallout.
    2
  50823. I used to live in a guard gated community and all guests must show a photo ID, no matter if you’re visiting a resident or the golf course. If you don’t babe a photo ID, then you get turned away.
    2
  50824.  @MichaelBordenaro  , Ocala has several nice parks. Plus we have the Ocala National Forrest. We have Juniper Springs (the most beautiful spring ever), Salt Springs, Silver Springs. And my favorite the Cross Florida Greenway, a world class mountain biking trail which I have spent 17 years riding from one end to the other, the Land Bridge (over I-75) part of the Greenway trail system for animals to cross and horseback riders, and mountain bikers. A horseback trail parallels the mountain bike trail. It is just beautiful. I can spend hours on that trail and never see a human. I just love the solitude of the deep woods.
    2
  50825. Hopefully is was a water turtle, and not a tortoise, lots of people get confused, tortoises can not go in the water or will die, and they live in the ground in people's yards
    2
  50826. What about the way that the government treats senior citizens now? They forgive student debt and set up billions in programs for illegals but yet they can't sure up social security. Now, Democrats want to tax UNREALIZED capital gains---the older folks saved and invested all their lives to provide for themselves in old age and if they pay taxes on gains they haven't realized yet, it's sure to put a huge dent in their finances. What a screwed up world...
    2
  50827. Should i be in usa to open a bank account or it can be from anywhere
    2
  50828. Hopefully the housing market will crash the way we really need it to. These inflated prices could very well destroy this nation
    2
  50829. Hilarious! Working on grow beds and greenhouse. Far from beach here at high mountain desert forest plateau hideout NM. Enjoy you laughing at the insanity of fiat currency. No debt.
    2
  50830. You have to know your chemistry to be an executive housekeeper! People do not want harsh chemicals, and there are concerns with customer allergies, pet concerns, what works where and doesn't, and cleaning combinations that no one knows about,... Yeah, I get the $250K salary!
    2
  50831. Glad someone finally brought it up that the “fed” is actually a bunch of private banks not part of our government. Most don’t realize that.
    2
  50832.  @MichaelBordenaro  Feliz Ano Nuevo a ti Miguel and a todos tus seguidores de YOTUBE ,We all appreciate your work here in this plateform Michael ,God Bless you Man
    2
  50833. What are we to do? What are we to do??
    2
  50834. Yeah, those $5 footongs was a good deal. That's when I started eating there when on the road. Now the same stuff - $11-12 when my income did not grow twice or more. Now Speedway Speedy cafe offers great tasting freshly made paninis for $5-6. Forgot the last time I was at Subway!
    2
  50835. here in new york area homes are still selling fast and well over the price the home was back in 2019 , doesnt matter how high interest rates will go, people seem to keep buying.. i guess people got deep pockets
    2
  50836. Mike, do you think JP Morgan Chase is going to own Bank of America and that statement coming from Brian was the throw JP Morgan Chase off kilter
    2
  50837. How do you find out how much homes are for rent?
    2
  50838. Great walk ! Hi Lisi ! And your best friend Mr Leaf Blower haha
    2
  50839. It would be cheaper to just visit California and keep Florida as permanent residence. Homelessness, crime, traffic, political idiocy, power outages, taxes, lack of water are all out of control in California.
    2
  50840. Wow CONGRATULATIONS! THIS IS A BIG DEAL.
    2
  50841. Im already saving money and im not struggling
    2
  50842. What is a normal number of homes to be under water?
    2
  50843. Economists are only good at predicting what already happened. They are worthless.
    2
  50844. The good news is Jeffrey D can't afford h Rent because of inflation lol.
    2
  50845. I’ll bet they put that first property up for sale when that piece of property next-door was bought or when the development plan was announced. Who’s gonna pay $3 million for a home that has a two-story condo next door looking into their backyard and windows?
    2
  50846. This is what they are predicting but the mass majority all said this will happen if we default on our debt. The closer we get the debt limit the more it will affect the stock market. What is going on now with the economy is mirroring the economy between 1972-1974. Most have cut back on what they are buying and you only have to look at the car market to get a feel of what is going on. Building of homes has slowed as lumber prices are at 2017 prices. The majority of lumber mills are in curtailment (temporarily closing)
    2
  50847. Cumalot Harris will fix it all. She said so. Vote Blue!
    2
  50848. You should have stayed in the hotel instead.
    2
  50849. Thanks for the news.
    2
  50850. The government is targeting Florida with the Global Warming BS. They will not win, but we all have a fight against them by obeying God, whereby God will deliver us, only if we obey!
    2
  50851. Why are you not carrying your fishin pole ? Catch your dinner son .
    2
  50852. Thanks for this video and I hope you make more general videos as well as I value your perspective.
    2
  50853. Michael just keep doing what your doing. Dont pander to people who expect handouts. I came from nothing and i had to take out student loans and O finished paying them off at the age of 32 when i got married and worked 2 jobs to pay for my wedding. I now am successful, own 3 properties, full time career, saved and have investments and looking to atart a side business soon. No one on this earth ever gave me a dime and i had some tough times. And guess what, i wouldnt have it any other way. Because coming from nothing gave me the hustle to make it all happen. If you have a good news story to report, then share but don't pander to the crowd that doesn't want to hear what really is going on. Your videos are informative. If people dont like it, well don't listen.
    2
  50854. Wow 19:33 I love hearing this, thank you! Best wishes to you Travis, you are standing in your life purpose. Stay upright, God got you, brother. We we are not to worry about those critics.
    2
  50855. Financial rebellion is on the horizon for the average person!
    2
  50856. i really enjoy your comments on home listings you find along your walks.
    2
  50857. I find it curious that realtors get paid so much for their time. I realize what they do but getting paid thousands of dollars for a few hours of actual work, really?! Cardiac surgeons make less for their time than realtors. I don't get it. I think the solution should be to have a flat fee for realtors rather than a commission based service. Perhaps having specialized attorneys draw up the paperwork would also help standardize the cost for the transaction. Also, with all the web based information sources the MLS has lost its monopoly. Get rid of the MLS too.
    2
  50858. Michael Bordenaro where in Midwest your from ?
    2
  50859. Michael Bordenaro I love the Midwest !!!! , thinking about moving there , I figure make your money up north and retire south haha
    2
  50860. Japan still hasnt reached its 1989 highs. We could be in for 3 + decades of hard times. And according to some, the population collapse is set to begin around that time. So what we took for granted, the stock market has been positive in any 30 year time period, may no longer be true. One big pyramid scheme
    2
  50861. Thanks Michael great info 👍 😉
    2
  50862. THERE IS NO SOFT LANDING ONLY BANKRUPTCY!
    2
  50863. What's next beside Florida and California. Oregon and Washington because of earthquake risk.
    2
  50864. How about these diesel prices lol😅
    2
  50865. "Hypothetical" question: What do you think the median home price would drop to, or by what percentage, in the event of catastrophe, like a war, a very big war, a one in which entire world participates? I'm just "curious" (i think I misspelled very concerned).
    2
  50866. I visited here yesterday. Beach was beautiful! The area was a bit crazy though. Possibly because it was a Saturday. I'm staying by the Hillsboro area for one more night. If the weather is nice tomorrow, I'm going to stop by again 👍🏻 There's no question the beach itself is top notch 👌🏻
    2
  50867. 💗👍
    2
  50868. For the algorithm.
    2
  50869. Forget $300k…it should be $200 k for median incomes, at coming higher interest rates…
    2
  50870. I was never a fan of high rises. I love living in single storey houses with high ceilings.
    2
  50871.  @MichaelBordenaro  I visited and that review was bunk. Maybe its worse than they used to remember but for a New Yorker it was Mecca.
    2
  50872. NNnnnoooooooo. I don’t like economic stimulus and rescue packages they make Orange Juice cost $8!!!
    2
  50873. They moved them all downtown
    2
  50874. People will risk the hurricanes for the rest of the time that it’s so freakin’ gorgeous in Florida.
    2
  50875. Its good news that things are going down and people will lose homes/businesses/bitcoins/ect but that all benefits the rich. I havent bought and am still waiting because of these fake home values and high interest rates. Here in Cali, the new $550k homes at 3% interest is the same as $350k at 3% interest. There is no way anyone can buy these homes until we can get these home prices down!
    2
  50876. Well all I can say at this point is I bought my first home in 2020. I fought with my realtor and bankers for 6 months to find something affordable and didn't fall for the you can refinance line. And I'm so GLAD beyond belief I did! Sure I'd like to refi but if I can't at least I'm not scared I can't pay my mortgage.
    2
  50877. Been in this house 6 years, really no reason for the county to have increased our property taxes!
    2
  50878. None of that Inflation act makes any sense. But that's how the Biden Admin works. What's up is down, what's down is up. Biden says there's zero inflation, lalalalalalalalalalalala more liberal BS......... As far as the tax credit for an EV I went to my Hyundai dealer for my last oil change. I spoke to a sales guy and he said on the new EV's they charge a 5000$ dealer fee. They're basically stealing your tax credit from the Feds. More scamming and BS!
    2
  50879. What gets me is you are just trying to help people out in what you say and some do not appreciate it.
    2
  50880. In North Port and Port Charlotte Florida within the last few months there have been a lot of new built to rent homes and sold homes going straight to rent in 2 or 3 days coming on the market and they are having to drop their asking rent prices considerably and they are still not able to secure a renter. This has just recently happened and the inventory has exploded. I'm thinking this is a good barometer about what's coming next.
    2
  50881. The problem with learning about your local market is that in most cities across the country YouTube realtors are completely dishonest. I commented on a local Denver realtor's channel, with facts and numbers proving that he was wrong, and I log back in to check if any further comment was made. My comment was completely redacted. This proves to me beyond a shadow of a doubt, that folks like you, Travis and Scott are 100% correct about what is happening right now everywhere in the country. Instead of arguing against me with logic, he pulls the Survival card out and snuffs my comment. LOL. The fact is, month over month, median sales close prices in Denver have declined on average about $8000. Since our peak in April, that number has dropped by 9.5%. That's a 9.5% decline in 7 months, and we haven't even gotten the December numbers in yet. They ALWAYS throw the year over year argument in my face. Unfortunately, that argument falls flat on its face if the 615K November number doesn't climb to 635K by February next year or drops to below 599K at any point between now and then. Where is their argument then?
    2
  50882. Wow. This is enlightening. I was wondering why cancellations were so high - WOW!
    2
  50883. Renters need to be flexible too. If landlord jacks up the rent too much then shop around.
    2
  50884. I've been saying 2024 will be the new 1928 for years , and have just been laughed at , this is just Karma for the greedy ,, and this ride is going to last for at least the next 10 years ,,, you heard it here first .
    2
  50885. Glad your ok mike I watched you fall
    2
  50886. California is trying to problem solve the homeless problem. Thousands of homeless living amongst us, even in small cities. Millions behind on rent.
    2
  50887. Speaking truth!
    2
  50888. Marina Del Rey... It's just like in Florida: everything in Spanish!
    2
  50889. Heck yeah get that 540$ That's two more 10 ounce bars of silver. Cha ching
    2
  50890. So in the case of first republic, these people almost lost a lot of their money (all of it for the uninsured) but they got lucky due to chase. My immediate gut feeling is, I just got very lucky, now I should pull out all my money and hold it until this blows over. Very logical thought right? If enough people have that same logical thought, chase will take a huge hit and maybe be in trouble just like first republic. Then what?
    2
  50891. Im from Miami, look bruh key bisayne is attractive but that beach always dirty, best beach I can tell u is south beach, or miami beach, now in the broward area I would definitely recomment u to hollywood beach, that beach is stunnig and laid back
    2
  50892.  @MichaelBordenaro  exactly there u go
    2
  50893. Thanks for the talk and the heads up with eastern shores.
    2
  50894.  @MichaelBordenaro  waiting for my house to sell. Fingers crossed!
    2
  50895. Of course I got a 36 month lease on an SUV for $800/month a few months ago... and now I see the same dealerships STRUGGLING to get cars off the lot. Ha ha. If I didn't own a business and have a client who essentially pays my car payment with 3 hours of work a month, I'd be more worried. Anyway, can't wait to see the car market keep TANKING. They got away with screwing over way too many people in the last few years.
    2
  50896. Around my part of Miami all the for sale signs have come down. I see people moving in. The bubble is historic but there seems to be plenty of suckers who still want to buy them. Meanwhile my power has been out since 3am and FPL has not even come to look at this area. The portable generator is all I have now.
    2
  50897. California is home base for Mesa another + !
    2
  50898. I’m making less money than I made in 1985 .. wild…
    2
  50899. Does excellent credit trump no job?
    2
  50900.  @MichaelBordenaro  that makes complete sense, I can easily pay 6 months up front
    2
  50901. Proposal: All property sales have to be advertised and available to the public for 3 days, and all offers presented in the first 3 days have to be registered with the county. Give owner occupiers the opportunity to match the highest investor offer. After the 3 day period, revert to standard sales process.
    2
  50902. I think your transparency is spot on. Thanks!
    2
  50903.  @MichaelBordenaro  you said it Michael ! Reality is what people don’t want to hear or see and those are the ones who go broke!😏
    2
  50904. Hardly blink when on the highway...😳
    2
  50905. Unfortunately the Government wants to control you and the best way to control you is to take away home ownership. The Government just wants to enslave more and more people on government programs and handouts. And they have done a really good job at it. We are just sheep and follow the herd mentality. I agree with what you are saying about starter homes and breaks my heart for those who will never be able to buy a starter home because of the red tape. Big Government has never been anyone's friend but for the few who chose not to work only to get a handout and the very rich. No matter who is in power, its the WORKING middle class that gets screwed the most. But one party loves screwing more than the other party.
    2
  50906. First
    2
  50907. HI Bob, great comments, I have build homes in LA and Miami, Miami is so much more problematic in my experience than LA. Workers are much more efficient in LA then Miami and they all speak English LOL Took me over 1 year to get a permit in Miami when in LA the longest has been 6 month. But yes now, for some reason Newson as really damage CA, what can we expect, is Pelosi's Nephew. You are absolutely right about the Homeless, and the reason is so many, they come from other states and less not forget about the illegal immigrants, free for all for them! Homeless where in dead row for years, Now they are everywhere, but not where I live in Brentwood, Lucky me. But Santa Monica is invaded by them as the city protects them and feeds then in the Palisades park on Ocean ave, Close to 3rd street, Santa Monica Blvd, Wilshire Blvd, San Vicente, ETC. What is happening to our world I wonder?
    2
  50908. I wonder if the seller of that $70M lot will throw in additional drainage remediation right there at the gate to take care of the icky standing water? Or I might be judging too harshly, maybe it just rained.😀
    2
  50909. Love your videos ❤! Thank you
    2
  50910. someone called “Happy Ranger” is 81% positive is it a scam? because im not out here tryna waste 1600 bucks
    2
  50911. Such great content. Really enjoy your channel. Thank you!
    2
  50912. Exactly. FOMO on the seller side is a few months away.
    2
  50913. My mechanic said not to buy a tesla. Because you can't find a place to fix them
    2
  50914. Michael, I am a renter at Marbella Condos in Surfside, FL. I am your neighbor! What is your forecast for our area...Surfside, Bal Harbor, Bay Harbor Islands? Will price declines not happen because of all the international money, and New Yorkers coming in?
    2
  50915. What exactly do you gentlemen mean BAD LOANS ????
    2
  50916. Thanks, Michael, for the good insights.
    2
  50917. Thanks!
    2
  50918. I think the vast majority of boomers largely overstate how much they're helping their adult children financially. It's appealing to blame one's money woes on the "flaw" of being "too generous" as opposed to simply overindulging too often for oneself. There are some boomers who give a lot financially, but most do not. Furthermore, having an adult child living with you is not an automatic net loss financially. Many of these boomers are getting monthly contributions to bills and mortgage because of the child who's living with them. I don't live with a parent and haven't for over 15 years, but I do know how it works most of the time. Boomers whining about how they're too generous is frankly just a bad joke. The ones who ARE are often doing it completely of their own volition, without being asked. They're the ones who give lots and lots, but in their mind, it's with strings attached.
    2
  50919. OMG - That is crazy!!!!!!!!!!!!!!!!!!
    2
  50920. On one of my properties, I just did the roof completely, New hurricane Impact windows and doors and all electrical and Lighting, including breaker boxes etc. Still insurance and taxes keep going up as I update the property. I expect property insurance to get much higher in Miami. (I am in zone B, sorry for Zone A). I got lucky for one reason and one reason only. Lot is 12,000 SQ F, in the upper east side (Miami Shores area). house was build in 1949, 2600sqf (after converting garage into bedroom, house is all fenced, still have 5 car parking inside the property). Why I was lucky, previous owner went BK< purchased the property in 2006 for 643K, I purchased the property in 2008 for 149K direct to bank off market, today value about 900K+. That is why I am lucky, this is my last property in Miami, ( Just sold my warehouse in Hollywood) I will probably be selling it at the end of the year. regardless of what I sale it for I am making money. Taxes are already about 12K a year insurance about 6K per year
    2
  50921. Hold on to your asses people. We're in a huge bubble. Remains to see if it will pop, or if the government is gonna inflate us into it and wreck everything.
    2
  50922. There must be a lot of money wherever you're walking. I look at the cars in the driveways and am amazed at the amount of high value automobiles there are. Either that or there's a lot of people who have a massive amount of car debt. And, who can afford property taxes in Miami?
    2
  50923. Good evening Michael, you're spot one!! If folks worked longer hours then they would have less time to spend it. There are 3 levels folks, #1 personal growth #2 professional growth and 3# is financial growth. It's a learned behavior. I know, too many folks want it both ways and it simply does not work. Keep up the good work Michael!!
    2
  50924. Good advice.
    2
  50925. Don’t worry about what people say about your appearance. Do your thing! 🔥🔥🔥
    2
  50926. It's going to be interesting to watch.
    2
  50927. .... and florida is doing better than a lot of other states and cities.
    2
  50928. Some research on the birth and death rate of the boomers adding existing homes will be big. I believe we reach the peak this year. It should add a lot of homes for the next 3 to 4 years before the rate starts falling. If these homes cannot be absorbed the drop in price will be dramatic. Maybe that's why the gates are open . The powers that be put their own interpretation on the numbers with machinations to protect their interests.
    2
  50929. NO ONE REALLY KNOWS! so true Michael! If only people like you were in leadership positions instead of hearing the bs we get from these CEO's, they aren't that smart, they get paid alot of money coz they know how to spin it and make you believe.......almost like cult leaders....maybe i'm way too cynical...
    2
  50930. You should feel bad, how do you sleep knowing your own building could come down, when the HOA doesn’t want to shell out money for repairs, so it is better to pull it for insurance money .
    2
  50931. NSB has low inventory and buyers are paying cash. It's starting to feel crowded in my small beach town.
    2
  50932. Can we get a second opinion on the unsafe diagnosis? People are gullible. Nobody questions it and developers don't care about the social cost.
    2
  50933. That was a very good one, Mike. One of your best!
    2
  50934.  @MichaelBordenaro  Amazing I was just trying to find that info as I'm moving from UK to the US and was looking for secure banks that won't steal my money :D Thanks!
    2
  50935. Great video as always 👍
    2
  50936. Please keep giving your good advice. Thanks.
    2
  50937. Would love to see you do a video on homestead exemption transfer. Say you have been homesteaded for 10 years on a condo worth 600k and now you are going to move to a home or another condo worth double, how does that process work?
    2
  50938.  @MichaelBordenaro  $200k
    2
  50939. Great video Mike. Do you know if this bill was passed into law? Great information on the insurance situation. Your videos are convincing me not to pursue buying a property in the Tampa area. I recently put an offer on a property but they went with another offer. That said, guess who was the insurance provider my broker quoted, yes you are correct, Citizens. This is a no flood zone area as well. I would be homesteading but it seems there is a lot of subterfuge in Florida. Thoughts??
    2
  50940.  @MichaelBordenaro  Living in San Diego, I have seen a lot of these, and had most of them. Not sure about the Dragon Tree, but the one you displayed may be a version of that tree. Love plants! My son and husband do too! :-)
    2
  50941. I hope Florida doesn’t become the next California
    2
  50942. Other reason i still enjoy live,,spending my money 💰 in my live with my family traveling or going for fun day,,,,,I don’t want to buy any house,,,,
    2
  50943. This is the video I needed that I didn't know I needed for my first-time home purchase. Thank you!
    2
  50944.  @MichaelBordenaro  Thanks Michael, how can I contact you to inquire about purchasing or leasing or any other info? Noticed that VA loan require condos to be "approved" not sure if buying would be the best idea for now until things get settled. My girl loves AZ but there's nothing like having a beach vs a Dessert, lol...
    2
  50945.  @MichaelBordenaro  Thanks Michael~
    2
  50946.  @MichaelBordenaro  It’s true, a lot of people look sad and grey, basically like the weather.. But the wildlife and mountains are very beautiful, so it somewhat makes up for it
    2
  50947. Some maybe.
    2
  50948. Is California or any other state/city protecting the landlords who depend on tenants rent in order to pay for their loans on the rental property!! We truly live in a clown world!
    2
  50949. Have to visit down there! Will take road trips when retiring.
    2
  50950.  @MichaelBordenaro  it really does, last year we still had some what cold or what us Floridians consider cold in april. The end of March has been HOT.
    2
  50951. Someone was killed last week right there near bathrooms.dont let all the tourist fool u with who's near by. Its better than the last 3 years for sure but no where near 2019
    2
  50952. Thanks for sharing this content Michael . As much as this was a scary occurrence I would not sweat it . It is extremely rare.
    2
  50953. The ROOT problem of true price discovery of homes and/or anything else in the grand scheme of things is interest rates really have NO legitimacy being totally fake ADDITIONAL 'money'(fake) perpetually created out of a currency that is already FIAT, meaning fake currency unbacked by tangible assets such as gold and silver ounces. Real money is tangible and physical and priced in ounces, not 'dollars.' You no longer should price physical assets in 'dollars' as the whole value of these so called dollars have long been destroyed by the pro inflationary FED along with all the other FIAT creating 'private for profit' central banks. What you have to realize is that money is and a dollar as far from a 'silver' or 'gold' dollar, both of which has way more purchasing power because its real, physical, tangible and unmanipulated. You have to rethink in your head what true money is based on history, monetary history.
    2
  50954. Yeah if cpi is 9 percent fed is going to have to get the rates close to that to hit their 2 percent inflate rate goal.
    2
  50955. Always nice views on your walks. No hills! Home ownership is expensive and fun. Rained today here at high mountain desert forest plateau hideout NM....no ocean!
    2
  50956. Canada 🇨🇦, We are being invaded by investors… place I live in Ontario went from 2019-$850mth 2020-$2950mth 2021-$3500mth 2022-$4000mth 2023-$4500 Same unit Population of 135,000
    2
  50957. With a fiat currency does a minimum wage even matter? If wages are higher businesses can just raise prices and make even more money. A huge advantage of rising the minimum wage is more money gets invested into a capital making ever workers more efficient.
    2
  50958. So it might go up and it might go down, but lets get scared anyway.. lol !
    2
  50959. Wow! Super good info! Thanks so much for this!
    2
  50960. Thanks Michael, Thanks for taking us on a walk and pointing out the different condo buildings - especially for me, who never visited Florida. YES - we're lied to every day by our leaders, and agencies, that are supposed to protect us and our economy!!! Big FAIL.
    2
  50961. I’m guessing the $10 extra a month I’ve been adding to escrow won’t be enough.
    2
  50962. 40.000 a month. I need some of what those sellers are smoking. That's some wild shit.
    2
  50963. Analysts projecting a housing “recovery” ignore the fact that almost 60 million Baby Boomers will be in their eighties in the not-so-distant future. Boomers currently control the housing market. Inventory is not going to be a problem over the next decade or so as the Boomers die if America continues to have a declining birth rate. I think anyone planning on prices exceeding 2021 will be waiting many, many decades because of the changing demographics in America.
    2
  50964. @Michael Bordenaro, You look like Mathew McConaughey.
    2
  50965. Paying bills in full is number one at least 2 - 3 weeks early. Hate to be late aka monthly bills. The companies like to give out Late Payments , so then you are paying extra. I can see why the baby boomers are doing well , they pay their bills on time. In my location , daycare cost $350.00 per week ( one child )
    2
  50966. how come you have so many videos supporting cali over florida but live in florida still smh
    2
  50967.  @MichaelBordenaro  You're so right. Cali is way overpriced and the air quality sucks!!
    2
  50968. It is important we all remember the world's biggest bubble is the United States. Yet other debt bubbles exist. Today the UK 🇬🇧 prime Minister stepped down. Less than 50 days in service. Great Britain is not so great right now.
    2
  50969.  @MichaelBordenaro  100% agree I checked out one of the areas southeast on the highway 95 direction where new buildings were and it was awful. No way would I live there. Might as well just live in Jacksonville since it’s cheaper adjacent to the Mayport navy base by the beach. No desire to move further than 2 miles west or north of St George street at the most. It doesn’t even look like at Augustine in those areas but they’re opening new malls to lure people
    2
  50970. brother I am so sorry this is a class you and your gal had to take try to sell it when you can and move to a place without an hoa
    2
  50971. Yeah the election thing could make sense, in the 2007 election things started to roll downhill through 2008, the market was close to the bottom when Obama took office on Nov 4th though. So maybe we'll see a bottom when the new president gets elected on January 20, 2025. There's also the FHLB they are keeping banks afloat, George Gammon talked about it in his recent two videos.
    2
  50972. They're referring to the fake unemployment numbers. The ones that exclude all of The People that got left behind.
    2
  50973. Stock market and real estate enthusiasts have been overly optimistic: they plan on the Fed bailing out and doing a 180 like during COVID to prevent a recession. But the Fed has said that a recession is their goal, in order to avoid a depression.
    2
  50974. Delray
    2
  50975. It's America!!! Go for it and file Chapter 7 once the Sh$t hits the fan......
    2
  50976. I enjoy your videos. I lived in South Florida (North Broward) for like 30 years. I keep hearing you talk about the potential incredible increase in the property taxes on new sales - BUT - (and it it has been a long time now) - isn't the homestead exemption transferable ? Exactly how does that affect these property tax increases you often mention ? Thanks.
    2
  50977. If the seller breaches the contract you can sue for money damages or specific performance, which would force the seller to go through with the contract (which you mentioned). However, you do have to go to court and maybe get a lawyer. Most people will not want to deal with that but it is available. When you enter the contract as a buyer you could request that the seller put up a deposit even though that is not the custom. In a contract, everything is negotiable.
    2
  50978. It’s not just electric cars! They are all way overpriced! Tired of dealership ripoffs.
    2
  50979. My Aunt lives in Marin (Mill Valley) on Marin Dr. The worst thing about that particular area is the attitude ("coastal elites"). Homelessness, drug use, deterioration of the city, and cost of living are also negatives. There are also intense wildfires. If you are any bit conservative, you will not like it there.........
    2
  50980. Well, serious topic aside for a minute…if you haven’t mentioned the dog, I wouldn’t have noticed it…
    2
  50981. watching the rebuilding of Ft Meyers area.....people flooding in from New York,ect to buy FLOOD ZONE PROPERTY!.....really?....insurance is through the roof!....soon to be way to expensive to live in FLA!
    2
  50982. No sunglasses. Viewers take you more seriously if they see a persons eyes when they are speaking.
    2
  50983. It’s so much money honestly. All rent has gone up by 300 to 400 dollars in palm beach. We tried to move to north to mid florida to was too much so we are just waiting. 🙏🏻🙏🏻
    2
  50984.  @MichaelBordenaro  You’re welcome, definitely will! Very Beautiful footage there!
    2
  50985. Great video
    2
  50986. As Property Values have Skyrocketed in Florida . At some point so will Home Insurance and Property Tax . The Home Insurance problem in Florida is much more acute . Due to most of the very expensive Properties being along Florida's Hurricane prone Coastline . Cat 5 Hurricane Andrew struck South Miami in 1992 . Doing more than 27 Billion in damage . That was way back in 92 . Just imagine what that number would be today ?
    2
  50987. What would the situation be if you are a cash buyer ?
    2
  50988. Just about all the millennials I know are renters. I was brought up to buy, never rent. That was then. When the dream ends for us, we go to a 55+ community with lease, not lot rent. Own a double wide. Unfortunately, lots of folks can’t save.
    2
  50989. Bring on the crash! It’s necessary
    2
  50990.  @MichaelBordenaro  Check out Mexico, the paso is actually increasing against the dollar and certain things in the economy are becoming cheaper. Not all things of course, imparts here are still kind of high, and the president reduced gasoline subsidies so that lead to a little inflation, but the projected trend is that prices are going to come down for most Mexican made products in the next 2 years.
    2
  50991.  @MichaelBordenaro  yes, with auto… but condo and home might be interesting to talk about.
    2
  50992. The government loves us and cares for us
    2
  50993. Awesome video. All of this independent stuff has been MSM brainwashing to get more money, loans, and rentals for the banks and corporations. We have families for a reason. Immigrants come to America, live with family, start businesses and thrive through family unity while most modern Americans are being corporate or government slaves with no private businesses or private property. Time to get back to the old school America.
    2
  50994. Great Video !....You and Lisi are going cross-country in style !.... Looks like you are taking US70 (W).....Michael, when you come to US15 take it south to Vegas and then LA !!....There are really Bad Fires in Northern Ca.....Hope this helps....Have a Safe Trip !.....Godspeed....
    2
  50995.  @MichaelBordenaro  I glad you took that route, much safer ! When do you think you'll be in BH on Rodeo Drive ?...
    2
  50996.  @MichaelBordenaro  That's unfortunate, Calabasas is going to be very hot in the next few days. If you and Lisi can stay close to the coast, you will be more comfortable. Please let me know if I can Help !
    2
  50997.  @MichaelBordenaro  Well, unfortunately not really....You see the volume on the NYSE peaked in 2007...so the value of the NYSE seats went way down!..Today about 20% of stock trades go through the NYSE floor ops....due to Technology : most trades are done directly between huge institutions and Hedge funds using ETN(s) (electronic trading networks). My point is the public was offered to buy-in at the top of the market( highest price)...seats today are worth nowhere near $4M ....The Art market might be following the same play-book !!
    2
  50998. This is pure communism, it’s yet another attempt to crush the middle class and re distribute money from those who have worked for it and have kept up with bill repayments. It’s totally against the natural order of things, where a person who can’t keep up with bill payments get put in a position to get more financing and cheaper than somebody who has saved and has a track record of making payments. Paid for by the people who have been responsible, what message does that send?
    2
  50999. Single family homes with older roofs cant even find insurance companies to cover them anymore in Florida
    2
  51000. Pay attention to the word act in Acts like the Inflation reduction act.
    2
  51001. Voice Technologies VT500WATER Waterproof Miniature Lavalier Microphone (Black). B&H Photo You'll have to figure out how to power up the receiver in your car, but I did my part..
    2
  51002. There's no way someone is that stupid. They were probably just seeing if they could get by without their creditor finding out. I've bought houses on land contract that were almost ready to fall over where I had to have insurance on them.
    2
  51003. I just sold my rental house a few weeks ago, person had a fha loan. Looks like I just squeaked that 1 out but those fha loans are a bear with all the inspections
    2
  51004. I think they should ban it.
    2
  51005. Cali, land of free sunshine, and legal weed!
    2
  51006. Speaking of insurance companies . Did you hear about that insurance lobbyist who was overheard on a plane saying they had a bill to introduce just before this congress last day of business in 2023 that would raise California rates astronomically ? They wanted to slide it in while the Republican have the majority and could avoid any type of audits or blowback . Politico story : secret recording . Boasts of late-session ‘jam’ . Lobbyist on a southwest flight from LA to SACTO . Late session push from insurers , home builders and the ca state insurance commissioner to allow rates to rise in exchange for carriers staying in California. Consumer advocate Jamie Court overheard lobbyist Michael Gunning discussing this ‘ so we are trying to jam a bill in the last three weeks of the year “ Danny said at the beginning of Jamie Courts’ recording.
    2
  51007. Wondering what is a better living situation overall I'm a single guy in his 30's and find both of these options appealing different reasons. 1st scenario small condo 1 or 2 bedrooms in a downtown setting close to light rail no need for a car close to major international Airport everything within walking distance. 2nd scenrio house in the suburbs need a car but has 3 to 4 bedrooms can have 1 for an office one for a main bedroom convert one for a gym etc needs a car Price around the same overall would like to get some perspective
    2
  51008. My new building in Miami does 500$ deposit and reqs first/last month… but they require 4x rent in income @4200/mo. It’s not even “luxury”. We needed 17k/mo to move in. Pretty crazy
    2
  51009. Thank you Michael for your practicality of sharing the reality of the Real Estate Market. Also impressed you presented both sides of lawsuits against Agents in an unbiased way. Just out of curiosity, are you still representing Buyers and Sellers?
    2
  51010. If you have a fantasy image about anywhere or anything you're going to be let down. What/who can live up to a fantasy? I have this fantasy guy in my head...but where the hell IS he LOL??!!! That's just not realistic. I know that first hand moving from Nevada to Oregon. I had a fantasy image about Oregon. I was dead wrong. But I've learned my lesson. I'm now ready to ditch 7-8 months of rain and GLOOM and head to Tampa for SUN. That was a huge factor I never took into consideration. I LOVE the sun. And, I've had 5 years to think and plan. And watch YouTube vids LOL! What is most important to me? What works for me and what doesn't? Be flexible and do your research. I have family all along the east coast and a brother in Tampa. They are very important to me. So are reptiles...I love reptiles LOL!
    2
  51011. currently live in mountains and looking to move to a beach town.
    2
  51012. You make everything look cool. I want to move to Miami!
    2
  51013. Hi Michael another good video. I think house prices will go lower than 2012. Contractors are selling work is falling and order books for work in 2023 are collapsing with all the knock on to other business. I can see Emergency Curfews will be put into operation in 2023 when this happens if you are caught when there is a Curfew your rights are removed you and your vehicle can be searched which has been planned for years by the Government it is so easy to introduce all the Police need to do is block the roads.
    2
  51014. Michael, it’s not the “ government”. It’s called “ greed”. People watched all those home flipping shows, andthought it was so easy. The “ government” warned that rates were going up for over a year. Add in the Zillow effect- corporations buying up anything they could buy. Massive flipping and crazy rents. The little guy took a gamble. Inflation is now down to 3.3%, not growing. Employment is at 5.1% which is amazingly low. This is America - take a gamble and hope you’ll win the lottery. The little guy was in over their heads, as is the usual case. Stop reaching for excuses.
    2
  51015. Could you recommend a city in the Pan handle
    2
  51016.  @MichaelBordenaro  just looking to relax on a quiet beach. Not to many people
    2
  51017. 1st. Hey
    2
  51018. And don’t use two men and a truck! They destroyed my stuff and the “insurance “ is only what they want to fix with whom. My $7000 dresser was spray painted and made worse. Corporate doesnt care. My $5000 bed destroyed. No one will help me. So many scams right now!
    2
  51019. STAY NORMAL!!! ARE YOU SAYING A JOKE? LORD HAVE 🥺 MERCY !!!!!
    2
  51020. Definitely agree with you about the inflation reduction act. It will only make things more unaffordable. Electric cars are a no go for me too. They make you a target. Imagine pulling over in a ghetto to charge sitting in your 50k vehicle for 30mins...um no thanks! Besides I like to roam around the countryside.
    2
  51021. Boomers are digging into those multi million dollar 401ks. They don’t need loans. They figure we only have around 20 years before death. Let’s enjoy it.
    2
  51022.  @MichaelBordenaro  totally 💯 % right on your comment. Baldness is not fun on a young guy, ladies prefer a white hair 👨‍🦳 on a young guy as you, at least is what I heard from the ladies at my work, when they see a young guy with white hair 😎
    2
  51023. simple as this ,from 6.3 million home sales in feb 2022 to 4 million home sales on january 2023 foreclousures rising 40%,mortgage rates at 6.85% and rising, and 60 and 90 days DELINQUENCY payments up 400% from 0.4% to 1.3% just wait and see,the ones that pay 500k for a home and start seeing neighbors homes sales for 300K,will stop paying their mortgage,just wait till the end of this year to se homes down 25-40% discount,Just remember for now every body is on denial,every investor is trying to wait and see if it gets better,but in 6 months,they will face the HARD Truth!!
    2
  51024. Increasing rates based on median incomes is ridiculous. Rents should fluctuate based on the supply and demand for rentals, not on people’s incomes. If everything we purchased adjusted according to our income alone, we'd never be able to save enough beyond our expenses to retire. Sure, if pay increases occur for everyone in a short period, more money will eventually chase fewer products. That's a given. But it doesn't happen automatically like the leases you described. The market swings up and down over time, and if you're savvy, you can take advantage of these fluctuations. It may be legal to increase rates based on median incomes, but I don't understand why anyone would agree to such a lease.
    2
  51025. Michael? Could you contact government officials on behalf of your followers to stop investors? We will sign your petition request!
    2
  51026. I hope younger people watch this video ,you make alot of sense, great job
    2
  51027. Looks like Boston. Traffic caused by curiosity and people never knowing where they're going switching lanes last minute. People pulling in and out trying to park. On top of this there's a ton of pedestrians and bikes. Not to mention the sharp turns and twisty roads. Not safe for anyone walking or driving.
    2
  51028. If you have a social security number welcome to the matrix. Buy some GOLD and SILVER and start taking yourself out of the system ✨️
    2
  51029. Target plus CVS works for me. No oen in our Walmart speaks a single word of English, and its a real struggle if you have to get multiple things that are locked up. Nope!
    2
  51030. Congratulations on 3 years!! 👍🏼
    2
  51031. Both if you are completely missing the point of Sanibel Island. People flock there to enjoy the island because of how they kept big business and high rise condos off the island. There is no loud music, no screaming drunk collage kids, there is no nothing fancy. Thats why you go. People appreciate the refuge status of the island. Ive been going for 20 years and spend most winters there.
    2
  51032. TY for these videos. I just came across your channel and I'm binging on these vids. I've been living in Colorado for the past 11 yrs, I didn't know seasonal depression was a term until you said it but I feel that. I was born in Rio de Janeiro Brazil and moved to CO and it was a 180 degree change. Now I'm starting to get depressed with the weather bc it seems to be cold most of the time, I visited South Beach in Florida 5 or 6 yrs ago and I fell in love. I really want to move to Miami Beach but that's also scary for me bc now I grew accustomed to the quietness of the country side, you know what I mean? I'm 30 yo now and don't like noise or anything loud but I really miss the beach & sunny weather!
    2
  51033.  @MichaelBordenaro  Man AZ is turnin into Cali SO fast 👎🏻. Keep the knowledge comin man. We need it.
    2
  51034. Thank you Michael 😊
    2
  51035. Mr. Kushi lol, is actually a 33 year old girl who I went to college with. She studied economics, she is smart but she works for First American Title which entire business is about to get smacked by the decline in sales volume and lack of title insurance policies
    2
  51036. Michael, how accurate are the home prices posted on zillow and redfin? Or is it better to have a realtor come over and give me a fair market price the home is worth? Thanks, Dave
    2
  51037. Congrats brother! Wish you all the best
    2
  51038. We’ve had one REALTOR in our family for years. We are working with Coldwell Banker to buy a home in Florida. We finally found a place that is so real Florida. It’s hard to imagine living somewhere else.
    2
  51039. Yes, I've studied weather records, and no place in southern California is quite ideal. Too close to shore and it's great in the summer but only 65 in the winter, a bit too chilly for my taste, 10 miles from shore and it's 68 in the winter, only borderline warm enough for me, and borderline too hot in the summer, even with the low humidity, approaching 90. And considering how expensive California is supposed to be, I'm increasingly thinking of living off-grid in a vehicle in the desert SW and moving with the seasons, as promoted on various youtube channels.
    2
  51040.  @MichaelBordenaro  Here's the documentary I first saw on this: https://www.youtube.com/watch?v=Lg37Cbx-kak&t=885s , and the main youtube channel I've been looking at that tells all one needs to know about how to live the nomad life: https://www.youtube.com/channel/UCAj7O3LCDbkIR54hAn6Zz7A . I was already into simple living before I saw this channel (with a couple of worthy exceptions that I splurge on), and retired when I was 42. This is a way to live on little money, free oneself from having to work much, and live out in nature and the gorgeous scenery out west. Technological advances such as solar panels and computers greatly decreasing needed storage space have been making it increasingly feasible.
    2
  51041. Thanks for the explanation of why its cooler on the east coast. By luck when I moved down from NY, I chose Merritt Island and later Palm Bay. I do not mind the 88-92 degrees everyday from mid-June to mid-October, I have experienced 98-100 degrees in NY. Though upper 70s overnight lows was a surprise...
    2
  51042. Thanks Michael 😊👍🏻
    2
  51043. These trust fund brats who need an extra yacht should be held liable for part of the homeless crisis. The government needs to back the residents not the corporate interests that are destroying the lives of so many. We own the land under our manufactured house. Yes, we do have an HOA, but the homeowners rule. Thank heaven. Thank you for bringing light to this important issue.
    2
  51044. 20% drop Try 45-60% minimum no matter what the interest will do. Same will happen to stock market. If the average pretax annual income is 60k, and the safe expense to income is 35%nsimple math can provide the number of average home price people will qualify to buy. Good loint on smart agents who refuse to represent unreasonably priced properties.
    2
  51045. Those housing projects/stimuli programs sounds like drug addiction to me!
    2
  51046. depends on your needs.
    2
  51047. Foreign nationals own over 2% of American lands. Not sure how thats legal but I think some people need to be tried for treason over this.
    2
  51048. Oprah and Jeff Bezos are currently in negotiations to buy all of Miami, Miami Beach, Palm Beach, and Ft. Lauderdale. 😂😂😂
    2
  51049. Ok, so you're just not going to mention anything about that giant gargoyle in that person's front yard? Sure, nothing to see here...everything is normal.......
    2
  51050. Great video! 60 degrees in February, I’ll take it! I hope to move to Fl, Tampa Bay in particular from Anchorage, Alaska! We like the small town feel of places like Tarpon Springs, Safety Harbor, Dunedin , do you recommend a realtor that specializes in those areas? Do you recommend another place in the Tampa Bay ?
    2
  51051. Hello from a frog pot about 30 miles outside of Death Vally, a bit cooler at 108 F today. Nice seeing both of you on your walk, keep up the great work.
    2
  51052. What a scam! Everything is just too overpriced for anyone to afford. Not worth the headache at all. If it keeps getting more expensive then it’s time to depart from this place and find a cheaper country to call home.
    2
  51053. My uncle passed away recently this was his favorite place we’re going tomorrow the beach is always empty it’s the best
    2
  51054. Sure. I want a lower home price.
    2
  51055. It will crash. Going down like the Titanic.
    2
  51056. As far as your comment on good news, at the end of the video, my wife watches the national news and that's what they do. It's like putting lipstick on a pig it's a way to distract you from what's really going on
    2
  51057.  @MichaelBordenaro  Haha, yes for sure. Groceries have gone up so much this past year.
    2
  51058. When the real estate market crashes your assessed value will crater and your taxes will drop......
    2
  51059. very nicely done :)
    2
  51060. I thing that the ship will sink. In 07, we were about 7.5 trillion in national debt, and since then, we've printed more than 20 trillion into existence. We will not be able to print our way out of this one. Unfortunately, businesses and people will have to crash and burn and then rebuild from the rubble for 10 cents on the dollar. All we've been doing for 16 years is kick the can down the road.
    2
  51061. Goto the fire lookout on mt tamalpais drive to the top then climb the rocks and get the best views of the Bay Area
    2
  51062.  @MichaelBordenaro  so if a mortgage is more than rent, Are these owners losing money? Or they make money by holding them over time?
    2
  51063. Michael, really interesting information about the effects of being laid off. I had no idea the stress could be so damaging.
    2
  51064. People paying double what their house is worth will be screwed with no lube when that negative equity growth takes over.
    2
  51065.  @MichaelBordenaro  The Satellite beach up to St Augustine is my favorite mostly due to surfing although the really good surfing is in Sebastian and in winter at Palm Beach and Del Rey Beach
    2
  51066. Michael! Remember when you're walking on a street you walk AGAINST the traffic, not with the traffic. We would hate to see our favorite Florida real estate guru get hit by a Bentley (like the one that roared by you at the 12:15 mark)! Very interesting info on the condos and the underwriting questionnaire.
    2
  51067. 1st like! Wohoo! What are your thoughts on today's crazy high interest, is business slow?
    2
  51068.  @MichaelBordenaro  totally agree. Corporate Landlords have a different model and largely buy in cash. So their returns can be compressed and the vacancy rates effect them much less. But 95 per ent of mom and pops work with their Tenants. Not sure why anyone would want to live with a corporate landlord. I have never heard good stories.
    2
  51069. South Beach in Miami is similar to what we in Orlando deal with in Daytona Beach. Nothing but ghettoness and horrible tourist. Which is why I go to New Smyrna or Cocoa Beach
    2
  51070. I watch your channel each morning before I watch the market love. this guy
    2
  51071. Hearing that $350K a year, and living pay check to pay check. I did fall out of my chair.🤦
    2
  51072. Bro don’t kid yourself. Michael has the most perfect hair on YouTube. You will never have hair like Michael
    2
  51073. I am Uber Lyft driver , this corporations keep 60%+ from fare
    2
  51074. My monthly rent here is about $400 USD for a 2 bedroom furnished apartment. Not bad, huh?
    2
  51075. So far In salt lake city it's +3.5 yoy
    2
  51076. As a former Banker....I would love to shake your hand if you have a 800 credit score. I don't believe we've met! 🤣🦋
    2
  51077. A person who buys a $180 million mansion pays for the employment of a lot of people to build that house and source the materials. And that money gets spent by those folks to acquire what they want in life, and on and on. In short, the money filters through the economy. It’s a fallacy, of sorts, to suggest that the person buying a mega mansion could have spent that money to house some large number of people. We wouldn’t suggest that a person who spends tens of thousands of dollars in strip clubs should instead use that money to buy lap dances for a large number of poor people. Lol. So the real argument is that we sometimes believe we can better allocate those large sums of money to the benefit of society versus what a Larry Ellison or Elon Musk decides to do with it. But the reality is that they have shown themselves to be far better allocators of huge piles of money that anyone else we might put forth. Elon is constantly allocating money to productive uses, and so has Larry throughout his long career as company founder and CEO. That they peel off what to us seems a huge amount to live in luxury is, in reality, a marginal amount of the wealth they’ve created for themselves, but also have created for huge numbers of others, along with allocating vast amounts of money efficiently throughout the economy. Just look at the 500,000+ jobs that exist in the app economy that Apple kickstarted. And all of us who benefit from seamless experiences using those apps, like the YouTube app, which itself creates income for untold numbers of individuals. There are a few people who, through their efforts, leverage the world around them to create enormous economic activity for the rest of us, while creating products and services that make life better. Let’s let them have their mansions and continue to enjoy the incentives that spurred them to work hard, and that spur many of us smaller potatoes to strive to climb up nearer to where they sit. And just know that even the money spent on luxuries and fast cars finds it’s way through the economy too.
    2
  51078. Either morgan stanley is lying or this is why we are in this mess cuz these are the idiots making policy & directing investing! It's no wonder the majority of the younger generation has NO idea how money works!
    2
  51079. Wow good colab
    2
  51080. I live in Chinada I got a $700 dollar water bill & I live in a condo where I can't even wash my car. Communists
    2
  51081. Here's a recap of what keeps happening: Lie and promise like crazy to push the confidence of USA to sky high until it really breaks and then stop for a while until it is stable to do all over again.
    2
  51082. Many people hope to hit the lottery. That's their retirement plan. People are suffering to make ends meat. While Joe Biden eats his ice cream cone.🍦
    2
  51083. Spot on Michael! It's the United States of Fraud!
    2
  51084. This is just the beginning! This will be a snowball effect collapse.
    2
  51085. You are so correct. I purchased at 331K back in 2021. Same exact townhouses have sold and are selling in my neighborhood from 405K-425K. For someone to pay same mortgage as I did with todays mortgage rate they would need to buy same home at 230K. I can only imagine if rates go to 10%.
    2
  51086. And the fraudulent seller went to JAIL, right???????????????????????????
    2
  51087. Dude, you are a brilliant mastermind. You are so badass. Everybody loves you.
    2
  51088. 45 k for a month I mean how is that even possible I am not from USA.
    2
  51089. michael, thanks for showing how inflation was calculated back 8in the day! They have messed with the inflation rate so much it is worthless now! and telling it how it is is not gloom and doom. Sounds like the one accusing you of that is an official of the "current regime in power in the swamp!" It amazes how blind the" current regime" is how much they lie through their teeth to the people to limit their obvious culpability in the current situation! Current regime is PATHETIC!
    2
  51090. Something definitely is not right
    2
  51091. Think about this when they do stop and pivot' this means the country is in a deep recession, add to this these people being let go with a severance have a little cash but no job.
    2
  51092. What a scam to steal peoples money. Minnesota is the absolute worst state
    2
  51093. Nice collab
    2
  51094. Waking up at 8 sounds like a nightmare… I’d be like 3 hours late for work 😂
    2
  51095. Toronto Blue Jay signs everywhere….what’s up with that? Could have to do with high hotel rates. ??
    2
  51096. These same experts said the same in 2008 when the ship was sinking. If you listen to them you are a fool. The US economy including the housing market is a huge pyramid game nothing else.
    2
  51097. I follow both of you two and love your channels! To give you some background on myself, I bought my home in Nashville in August of 2020. I am closing this month on the sale. In essence, the buyer bought $30k over asking. Just looking for your advice… did I make the right choice? I’m renting now, and my hope is that prices tank in real estate and I get in on the low and buy a very nice house…. But who knows what will happen. Anyways, just wanted your thoughts on this - was this a smart choice on my end?
    2
  51098. 😂😂The Game is Over ‼️
    2
  51099. In fairness, if Florida goes underwater, everyone will be screwed. Kind of scary to think.
    2
  51100. Is there a way for me to locate VA loan sellers’ properties? I would love to assume a felllow Veteran’s mortgage; create a Win-Win scenario.
    2
  51101. And who will pay for these losses -> taxpayers! Who protects 401Ks? Like I said before, it could be a double whammy: 1) 401K loss 2) Higher property taxes to make up the shortfall for public workers.
    2
  51102.  @MichaelBordenaro  I wouldn’t mind it actually. The stairs would need a rail on the exposed side though.
    2
  51103.  @MichaelBordenaro  I know right, definitely dangerous on those occasions. 😆
    2
  51104. I thought inventory was going up? I’m going to use that Hometown Hero program.
    2
  51105. For a rude” awakening I highly recommend to read the book: THE GEOGRAPHY OF NOWHERE ( The rise & decline of America’s man made LANDSCAPE) by: James Howard Kunstler
    2
  51106. I haven’t been to a mall in years ! Wow Miami got some cool stores ! Great coverage great job from Northern California wine 🍷 country !
    2
  51107. If you get a chance to go by BayTowne Warf... would love to see it... the wife and I are going to get there one of these days lol... Will be interesting to see where you finally end up relocating to lol... Venice by your grandparents would be good👍 ... either way ty for taking this old guy along with you on your journey 🇺🇲
    2
  51108. I joined your channel 4 years ago to listen and know more about south Florida lifestyle. I am aware you passed that stage but I enjoy to listen to your grounding financial input. You are doing amazing 👍🏻.
    2
  51109.  @MichaelBordenaro  Florida is a porous limestone peninsula. This should be the #1 reason NOT to move to Florida. imho. Too scary.
    2
  51110.  @MichaelBordenaro  okay! Thank you ;-)
    2
  51111.  @MichaelBordenaro  If it were that easy for me. I lived a couple yrs in Ft. Lauderdale nearly 20 yrs ago & loved it! I will be heading back somewhere probably more northern FL due to compromising over south Fl being too hot for some family. Trying to figure it all out & appreciate your insightful videos in trying to make these decisions.  I'm on the border of Nassau County, LI, where I shop, worked & do everything but live, which has been far less restrictive than NYC "mandates", but it's been a living hell. Can't wait to escape to normalcy! 🥂
    2
  51112. Now I know why I think you and Lisi are super cool. You're both Tauruses just like me ;) Great video... "no trespassing - let's go in" Hhahahha
    2
  51113. Home prices are very sticky on the way down. Go back to any time in history & look how long ot takes. But there will be a capitulation. Probably 3 to 5 years out. Only so many people can afford to buy at these levels. Don't you think most of them have bought already ??
    2
  51114. your town looks like hawaii
    2
  51115. You know that trucker was getting all kinds of serious threats from government deep state?
    2
  51116. American values glorify having more and more stuff. It’s consumerland. The elite merrily flaunt their wealth. The house sizes are ridiculous but continue to grow.
    2
  51117. that mic is amazing
    2
  51118. I live in MA, and my town reduced the property tax rate so they only take what they need in a dollar amount. They have done it before when assessed home values were up. In the end, we only get a tax increase that matches inflation.
    2
  51119. Years ago the Feds never talked about changing rates they just changed them. Now they threatening to raise them to get what they want rates are done moving
    2
  51120. HOA’s are going up 100% in Orlando as well. Home Insurance also doubling or dropping you all together after 10 years with no claims
    2
  51121. The same thing happened to me. Some other buyer was willing to buy it without an inspection and my feeling was; "better you than me!" Let them get played...
    2
  51122. Thanks for filming over in Venice!
    2
  51123. Sent my wife in to buy a hamburger at Five Guys and she came back and said she got a burger and fries but did not have enough money for a drink! And, this is in Texas. No wonder their parking lot was bare.
    2
  51124. Great video ❤
    2
  51125. what about a high end wood countertop business? what areas of Florida do you think would cater best to this?
    2
  51126. The dollar is tanking due to hyper inflation as well
    2
  51127. That beachfront property will still sell and for high dollar. Just watch . Thanks for sharing.
    2
  51128. Congratulations on your YouTube anniversary! Your channel is one of my favorites and I appreciate all you do. Keep up the good work.
    2
  51129. When he said 12% income tax in California is high I LOST IT it’s literally 45% when you make over 50k a year in London🤦🏻‍♀️
    2
  51130. OK first things first the multi millionares need to spread the wealth so we can all enjoy awesomeness. And keep things smooth. Umm to much greedy people screwing things up. Im rich also and i always spread my fortune to help people after a while being rich sucks!! Give the $$ to the others its the best feeling ever. Ill give a black list to the aholes that make a black list they need shut down, come to my area and blacklist me I will rock your world have a nice day people! Good luck. Thanks mike!
    2
  51131. Takk!
    2
  51132. 👍
    2
  51133. Are there any parks with Monkey's in them close to you ?
    2
  51134. I am distracted by the Mesa Boogie and the Les Paul...that cherry sunburst is so sexy.
    2
  51135. Also thank you for mentioning Nick Johnson, I go through stints of watching him and for some reason I just haven't subscribed to him yet so I forgot his name.
    2
  51136. Michael, I've been a Realtor for 30+ years and like you, I predicted in 2008 that the part-timers would drop out and the pros would remain. To my surprise, it was the complete opposite because the part-timers could financially survive however, the full-time Realtors who were supporting families were forced to get an alternative job to put food on the table. Time will tell.
    2
  51137. Michael Great video chock full of great information. Been looking at houses in Florida for a few months and starting to see an increase in inventory and some lower prices. The crooks in Washington are trying to keep the economy afloat by exercising "backroom" politics. Not sure how long they'll be able to keep things afloat. They are probably hoping at least until the November election. Even though they are aware of big corporations buying up starter homes I expect that they will do nothing. In fact they are probably making money by a little insider trading in the process. They'll also need a big inventory of low priced houses to accommodate the thousand of illegals entering the country. Hoping that the November election will help to turn this mess around. Thanks again for such a great video and great insight.
    2
  51138. Good analysis today.
    2
  51139. I don't believe that 90% of online content will be generated by AI by 2025. Sounds like that would unleash the biggest wave of digital trash in the history of the internet. Supposedly, there is 30,000 hours of video being uploaded to YouTube every hour. Since most AI content now is synthesized through scraping what's already out there, just imagine over 648,000 hours of trash video being generated every day. A massive wave of spam, scams, plagiarism, misinformation and other garbage.
    2
  51140.  @MichaelBordenaro  right!? About time
    2
  51141. More bank failures than 2008. We have higher inflation, interest rates, and higher expenses. Things are way more unaffordable than 2008. Houses will keep going up.... Pretty optimistic or delusional however you want to look at it.
    2
  51142.  @MichaelBordenaro  I grew up in Hawaii, LOL. Can't forget those hurricanes, sitting under my elementary school desk!
    2
  51143. 3 chicken tacos and a cold beer for lunch! San Diego beachside is the way to laylow for this Phoenix realtor!! Timmy C Arizona
    2
  51144. BS red tag. Wait another year and you'll see real red tag sales.
    2
  51145. The 🐈 cat has buyers remorse! Why are overpriced neighborhood so noisy?
    2
  51146. Is the state giving the landlords a break on not paying property taxes? 😂
    2
  51147. I dine out with Door Dash every day and save a ton of money on Groceries....Of course I'm single however. All the components, time and effort add up.
    2
  51148. I lived in SWFL for 35 years and was glad to leave. The growth in that area is totally out of control and the cost of housing is also out of control for the average working family. While it is a nice place to vacation it is not all that great place to live and work. Florida does have some tax advantages over many states but the cost of many day to day items are rising rapidly. One of the biggest issues is home owners insurance which has continue to sky rocket over the years, that's if you can even find someone to insure your home. Then add flood insurance that many are required to have and it's getting pretty price prohibitive.
    2
  51149. My credit score took a dip when I consolidated due to lost payment history. 👍🏻 I use credit utilization process to jump my score up. I spend on my cc then pay it off immediately... as soon as it is out of pending status. It works great 👍🏻 I buy gas, groceries and pay it off in two days.
    2
  51150. neighborhood looks like Honolulu
    2
  51151. You may not be able to assume a mortgage today but you can accomplish about the same thing by buying the property Sub2 (subject to the existing mortgage). Great deals are out there.
    2
  51152. All the restaurants need shut down. They waste so much food, make people go home and cook if not were gonna lose everything. Grocery stores throw so much stuff away everyday thats not used . Umm USA is a wasteland, this has been going on a long time.
    2
  51153. Agreed. $200,000 is an excellent price point. Also, for the next video could we please see on a map where in Florida these towns are? Some of the towns most people know where they are (e.g. Jacksonville), but most of the other towns I don't think many had any idea where they are.
    2
  51154. I hope this comes out right but Michael Bordenaro is in my top three favorite YouTube channels!
    2
  51155. I can’t stand the cold of the North!! I’m originally from the Caribbean so I’m use to hot weather, moving to the states and having to live in a cold state makes me have seasonal depression- feeling down, unmotivated, stagnant, drained, sluggish etc I’m planning on my love to Florida within the next year or so🤞🏾 I love the outdoors (biking, walking, roller skating, jump roping etc) but I am not a snow person!!! Overall, I need a change of scenery!!!
    2
  51156. We have property in Delray Beach Fla and yes Michael it's quite pricey.
    2
  51157. Sure spending is up, everything costs %10 more lol
    2
  51158. "How to live at home in your parent's basement for $10 a day." Chapter 1: give the parents 80% of your income for food & lodging and you get to live on $2 per day. Chapter 2: it never ends, not in your lifetime.
    2
  51159. I'll take Florida over Cali any day, I'd rather live in Red lead state, over a blue lead state.
    2
  51160. 2nd
    2
  51161. I have learned alot from you about the market more than anyone else brother. Appreciate you always, now enjoy your Friday at the beach you deserve it.
    2
  51162. I hope there is more inventory soon and the prices drop. I've been looking and here in NYC they have 1 bedroom coops and condos listed between 500k-750k. Way too overpriced and I will wait on the sidelines. Hopefully they will drop by December.
    2
  51163. Congratulations Michael! Those silver button plaques sure are nice!
    2
  51164. It’s happening all over again 😆🤨😳😭
    2
  51165. Boca Raton is literally one of the safest cities in the entire state. Go on realtor and open the crime tab and you’ll see how little crime there is. Orlando is trash imo I’d never move there.
    2
  51166. Martin county, FL just approved a 12% raise for employees.
    2
  51167. Home prices are not going down in the midwest.
    2
  51168. You got this things always work out
    2
  51169. Appraisal is a must when purchasing a real property.
    2
  51170. Michael, wouldn’t builders slow down on construction and move up buyers not list due to high rates of new homes? Thus locking in supply as well?
    2
  51171. Any advice on moving out to FL and securing a good job that pays between 1100 and 1500 a week? I am looking to move there and these houses are exactly what I'm looking to spend
    2
  51172. It has all been a casino mentality!! It will end badly for all those involved! Business??? Corruption and Greed!!
    2
  51173. There is demand for property in Boston but no land to build. Plus nobody is selling due to 3 % rate
    2
  51174. I like your advice. My plan is never to refinance my home or to never borrow against it so I can pay it off sooner rather than later. I am currently retired.
    2
  51175. I detect sarcasm.
    2
  51176. Michael…..we are in a recession….the “official” depression hasn’t begun yet…
    2
  51177. We will know a good deal more in February. If the construction season doesn’t pick up jobs will be lost. And the Spring/Summer housing prices will tank. Most industries are holding on and hoping for a bailout. This is all a repeat of the past.
    2
  51178. Did u hear about china balloon 🎈
    2
  51179. Mother in law lives and Florida she can’t live to visit us in Oklahoma because she gets sick so once you are born in raised your kinda stuck lol
    2
  51180. Hi Michael, a little bit off topic question but I must ask. Do you know if in Florida the workers can receive vacation time after a good while of work?
    2
  51181. Thank you...
    2
  51182. houses were 110 oz of gold in 2011. in 1980 they were 100 oz. these are the two low outliers in (off the gold standard) history. so it is again possible to be around 100 oz again---if that is what you want to call inflation adjusted. it will most likely be again. then again it can be north of 500 oz too, as it has been. this defines cheap and expensive as a nation. 41% of america lives in a 2M+ metro today, compared to 25% in the 80s. if there was a mass exodus of the major metros we would see these prices (as an america average) soon. but if we continue to pour into major cities... houses will continue to rise for that (soon to be 50% of america). you will own nothing because you chose nothing and paid full price. this escapes many. they would rather live in NYC renting than in Tulsa. well then, no house for you. anyone with an ounce of financial control and a reasonable income can buy a house somewhere in America today or in 12 months clean. guarantee it.
    2
  51183. ok the average floridian does not take home $ 56,320 a year . try $10-15,000 lest .I've lived here in Florida for damn'er the majority of my life.. however the cost of living has gone up tremendously.. and it's going higher..
    2
  51184. I rather get a rise then stay were I'm at. I was making 70k which after taxes was 1900 a pay check. But now I'm making 90k and yes even tho I'm getting taxed more my paycheck is 2400 every 2 weeks. So yea, I don't mind a higher slayer.
    2
  51185. in san fran, you can also wear flowers in your hair
    2
  51186. Doesnt the buyers have 30 days to cancel the purchase after signing?
    2
  51187.  @MichaelBordenaro  Yep - I wouldn't trade our humble shack for anything even if I COULD trade up. But the downside of hanging on is that the neighborhood we knew two decades ago was FULL of electricians, plumbers, sheet rockers, teachers and mom and pop shopkeepers. Recent arrivals to our street are nice enough - but I don't kid myself that I have much in common with the folks who can afford to put down $400,000 on the house right behind me... And still have two Teslas in the driveway too.
    2
  51188. The Fed does not have the guts to increase rates more., They will be cutting rates and blowing up more QE to get rates down in 2024. The interesting effect will be how commodity inflation will really ramp up the disaster. They are going to keep the game going until the election and then depending on who is selected will determine how fer the can gets kicked next time.
    2
  51189. I don't understand how the Wall Street Journal and the economic powers-that-be tell us that American consumers are still flush with cash from the federal Covid relief payments. It wasn't a million dollars a pop, guys.
    2
  51190. If you don't know by now that the USA and the west in general is being destroyed, then you aren't paying attention. It's only going to get worse if something isn't done right away. 1 in 7 in the USA is a migrant. Those migrants are all on the tit. How do you think that's being paid for? If you are wealthy and your income doesn't rely on a job, then you are okay to buy a house, if not you best rent for now.
    2
  51191. No leaf blower friend since Miami and there he is in Beverly Hills 😂
    2
  51192. Spending 30-40K on a wedding is STUPID. Nobody wants to go to it anyway. Waste of time and money. Oh, I hope you like the cutting board we bought you at Walmart!!!! (Well, I guess we wasted $200 on their meals).
    2
  51193. Good analysis.
    2
  51194. So, they don't and won't start on the bottom rung and build up.
    2
  51195. So, this video is about 10 months old, would it be safe to say prices in general have gone up quite a bit all over Florida? GREAT video by the way.
    2
  51196. Michael, is your auto insurance full coverage? 1,000 now 1,200 that is much more than steep for 6 months. That's crazy, do you drive a Ferrari?
    2
  51197. I was robbed. while. sleeping at a frends house for a few night she stole my c. Card. For $800,00 she ordered a cabinet. and. sink. For The toilet.
    2
  51198. Was that ghost town dungeon for rent or sale Micheal? That would be perfect for my east coast S&M location!
    2
  51199. Strong men create easy times and easy times create weak men
    2
  51200. On that 76 million-dollar house, hold on...... I got a raise. I'm $20 closer to ownership. 😀😀😀😀. That leaves me 74 million..... 999k .... 980 .... And if my math is wrong that's probably why I'm not a millionaire 🙄🙄🙄.
    2
  51201. So many nice mansions in Miami Beach I wonder how many are paid off and their property taxes paid by rental income from other paid off properties
    2
  51202. You know how I know Michael is an honest guy? He’s literally a frickin real estate agent telling you to NOT BUY RIGHT NOW! If that’s not honesty and integrity, I don’t know what is.
    2
  51203. big trouble
    2
  51204. Do you really charge people to speak on the phone to about real estate?
    2
  51205. Ive not spent one cent of my pandemic money.
    2
  51206. Sounds like job recruiters. I had 2 recruiters tell me I had 2 jobs ready to start on a certain day and then low and behold the jobs didn't start due to stupid reasons. What were those reasons....our legal department is not able to come up with an employment contract that suits both parties..Gee shouldn't that have been hashed out before my start date. The other reason is that out of the blue this contract job apparently was not hiring in that department. This was after my background check and everything cleared. Both these jobs were ready to start in several days when these phone calls were made. Salespeople, recruiters and real estate agents.
    2
  51207. Ok. Ok. I am here to help. FIRST of all, When Selling, you ABSOLUTELY need a Selling Agent to show the property. Why? So that later on, the buyer can not sue YOU, for making up lies about the property. Get it??? If they never met you, then you can not be sued for telling them anything. Let them sue the AGENT. easy to understand, so do it. SECOND, It is very WISE to use a Buyers Agent, because, as described, you are getting Knowledge and Expertise for free. If the total amount paid, at settlement is split between the sellers agent and your buyers agent, everybody wins. Obviously, the world is now populated by Morans who think they need -0- help, to buy or to sell, because they spent 15 minutes on Zillo. They are Morans. If the deal is big enough, hire a third party to watch both agents, if you are worried. Avoid buying from crims, if you can figure out who they are!
    2
  51208. Would love to see how you invest in gold/silver and tips for beginners! I am new 🎉
    2
  51209. Ive been doing okay and still able to put away savings but I know people that are hurting. Ive had to help my girlfriend out with a bill here and there.
    2
  51210. Likely
    2
  51211. Spokane is pronounced "Spokan" - I'm English and I know that 😋
    2
  51212. If people are retiring early you would have thought there would be more opportunities for younger people to jump in..unless the economy is already in a recession oh wait a minute it is..they just don’t admit it..or did they..see George Gammons recent video 👍🇬🇧…god that weather looks good…I have to mention the weather I’m English 😂
    2
  51213. Panama City….caught the ‘ick’ in your undertone. And you’re right. Destin area if you come this way. Bay County is a basket case with poor planning and lots of special interests.
    2
  51214.  @MichaelBordenaro  congrats man!
    2
  51215. Would never ever get a condo or townhome
    2
  51216. You do you Michael
    2
  51217. IMF who??? The US government is tone deaf to National Debts with no plan to make payments. It might reach $36T by end of 2024.
    2
  51218.  @MichaelBordenaro  Ok, now you have us back in :D I can deal with extremely rare. That is kind of like us seeing dolphins in the James River all the way up to Richmond. It happens LOL.
    2
  51219. Thanks for sharing your thoughts with us. Just need to be prepared when your time comes.
    2
  51220. Hello 😊Question what kind of camera stick do you have to hold your phone? Because I’ve been trying to find a good one and I can’t please and thank you. And thank You for the info
    2
  51221. it makes more sense anyway to rent in Miami FL
    2
  51222. Oh great tangent about the archeological dig.
    2
  51223. crash is coming for sure, just wait, 2023 will be the year unless fed does something crazy again.
    2
  51224. 13 in Plano tx feels like -3
    2
  51225. More so a slight 'correction' vs a crash. Still overvalued. I'd love to see a complete crash.
    2
  51226. I really like the new laws ideas. I also think it’s a shame that we don’t have mixed living arrangements as well. Like some of these midrise/regular buildings we need average families to be able to live amongst people that arent just also poor… Community has a huge impact on kids lives
    2
  51227. What if building inspection finds faults which would be more expensive to repair and costs suddenly shoot up like in this case, where previous inspection valuated repair cost of about $9 ml ? Suddenly each condo is presented with a bill of about $70 thousand on top of their monthly costs. Building association may get a bank loan or delay start of repair work which can prove to be deadly as probably in this case.
    2
  51228.  @MichaelBordenaro  Interesting proposition if developer agrees to pay decent price per condo. But if some owners don’t accept offered price the scheme would fall through.
    2
  51229. Can I tell your followers also how I and my girlfriend saved 30k in 2 months. I work a lot, but I have goals. I drive a 2012 Toyota Highlander and would never buy new cars or trucks.
    2
  51230. Americans care too much about “status” and not enough about financial logic. There’s nothing wrong with renting. I get 24/7 maintenance that’s included where every homeowner has to pay thousands of dollars for every little fix. I’m not even including property taxes in this and I’m saving so much money.
    2
  51231. Good stuff Mike all ways enjoy your perspective on the real estate market. Glad I sold an April and with what you're saying in my personal belief we've got a rocky 8 to 18 months. But I think I'm going to be moving myself to Bali Indonesia screw all this craziness in America. And yep the crypto market is beating up but like Warren Buffett said be fearful when people are greedy and greedy when people are fearful so I'm sucking that blood up make it a great day thank you very much again
    2
  51232. Great and informative video, Michael. You know the real estate field.
    2
  51233. Please do I love to see $million homes
    2
  51234. As always... super good video! Speak the truth and the truth will set you free. Keep them rollin ...
    2
  51235. BEST JOKE AT THE END OF THE VIDEO HAHA
    2
  51236. You are spot on.
    2
  51237. Vero Beach is great.
    2
  51238. 26th 😂
    2
  51239. Good one.
    2
  51240. praying that everyone who see this would realize that our lives can end at any time. Repent and give your lives to Jesus Christ.
    2
  51241. Originally I was thinking I would rent when I move to Florida, but now I think I'll buy a condo instead, at least I wouldn't be completely throwing my money away.
    2
  51242. Keeping the truck and classic, not selling the house, leaving my retirement accounts in the markets, tying up a lawsuit this year, buying a second home next year, considering opening an online storefront, getting out of Orlando's entertainment scene today before I go broke!
    2
  51243. Thank you for your opinion based on data and facts. The law of gravity is at work, what came up now comes down.
    2
  51244. Hey Mike!
    2
  51245. While yes you technically don't ever own your house as the teachers unions will have first dibs on your tax payment even if you own it but what renters never consider is THEY pay the taxes, HOA and insurance through their rent payments and don't get the benefits of being able to deduct those expenses. Regardless of if you own or rent you'll always pay utilities, HOA, taxes...I choose ownership.
    2
  51246. It's LOCO out there!
    2
  51247. I’ll pass. Very nice place.
    2
  51248. I've come up with a new index. I call it the La La La Index. How many [of key people] will stay in the la la la mode, until they snap? I hope just long enough for me to get a really great deal on a condo,
    2
  51249. Children do not screw up your life, they are really a blessing. But if you feel they would screw up your life you are NOT parent material.
    2
  51250. Good presentation, as usual. I now refer to the CPI as the CP-lie (like Mike Maloney does). Travis just did an excellent interview of Scott Walters.
    2
  51251. When politicians suggest something.......do the opposite! It's probably their corps are gonna buy them !!
    2
  51252. Agree 100%
    2
  51253. In NYC the Drug stores can't stay open because of shoplifting.
    2
  51254. Great content
    2
  51255. Hi Michael from France, long time not been here. Who in their right mind, wants to pay 4 M for a home in a busy street? Not me, ever. That is why they say location, location, location. Due to the location is not even worth 1.5. Regarding Millionaires, I myself, do not consider anybody having 1 million, to be a millionaire today. Well is only my opinion. They may have no mortgage, but their medical insurance goes up as well as many other thinks, even if they are on Medicaid. Also everything goes up with time, and now they have no more income as well then SS. I calculate that to live 20 years. (today that is an average longevity) comfortably you need way over 1.2 million. that is barely 60K per year for the rest of does 20 years, so what if you live 30 years? life increases YOY, that means that in 10 years your 60K would be worth 40K? (as an example) I retired in 2015 myself.
    2
  51256. no one can do 1% down...the payment would be unpalatable
    2
  51257. Rock on bro! Cheers from Chicago
    2
  51258. FEMA is broke. No money for Americans in crises. Illegals got all our taxpayer money. Disgusting! Florida will become uninsurable.
    2
  51259. 90% of the world still believes all the lies we are fed everyday. Normies think everything is "back to normal"
    2
  51260. You didn’t mention crypto. Even a small allocation can go a long way
    2
  51261. No key west?
    2
  51262. Panhandle
    2
  51263. You've got to go to Rosemary Beach!
    2
  51264. We are all blessed to be connected to you by YouTube we appreciate all the wisdom you give us and having a heart for the people . I pray many blessings for you and your wife and family in Jesus name thanks for all u do
    2
  51265. michael hurricanes you get time to get to safety earthquakes you are just fucked. Have you ever experienced fire rain? Last year when we had that big forest fire one neighborhood away from mine caught on fire because embers were blown there and it started a fire. Then there's mud slides have you ever experienced that it just happens out of the blue much like an earthquake not fun. Then there's sink holes florida has that so does cali so I am sure you know all about that.
    2
  51266. Buy when house prices are low with higher rates. Refinance in a few years when rates lower.
    2
  51267. What's to stop a seller from selling without a real estate (FSBO) and using an attorney to handle the closing.
    2
  51268. Institutions should be banned from buying single family homes
    2
  51269. mike, if you ever decide to move to California, would your girlfriend follow you to Cali?
    2
  51270. The guy that does the Southern Life videos has pointed out that Florida has a couple homeless people.
    2
  51271. Great show as usual. I’m appreciative of your content. You’ve helped me to pay off my debt, save money and be responsible about my finances once and for all. Inflation and the high cost of living is killing me. But when you actively live below your means, you realize it’s the only way you can win over this inept government spending. Thanks Michael
    2
  51272. The whole world economy was shut down during Covid “pandema”, that caused inflation followed by this recession. Answer is quite simple
    2
  51273. I absolutely love Chicago! With the right deal I would quickly jump!
    2
  51274. I lost power for 5 days in Seminole, Pinellas County from Irma. My house only got up to 86 inside
    2
  51275. After that, I bought a big solar generator for emergency backup, and got hurricane shutters for all my windows
    2
  51276. Noise pollution is insane. Blowers everywhere. We are living in a mad, mad, country. Most of the world is not mad, only the incredibly materialistic West.
    2
  51277. I enjoy your videos. I don’t always agree with everything you say, but who does? It is good to get a different perspective on things and open your mind to thinking about something differently. I like what you have to say politics wise for the most part, but I don’t agree with all your conclusions for fixing things. I think that is most politics though. A lot of people can identify and see the problems, it’s just they can’t agree on how to fix them. Most people want to help and do the right thing. I am jealous that you are in the warmth when I am up here in the cold though. Haha. Don’t listen to the haters. Overall you seem like a really decent guy who is just trying to help people. Things aren’t all positive right now. You are just being a realist. Thank you for your time and content.
    2
  51278. Maybe you would re-finance after 5 years, because the rate would be almost the same, because I did to go from a 30 year to a 15 years, on my first home. Paid it off, 17 year total. Now, I have a new home, at the closing table, they told me pay an extra principle payment and it would save 15 years.
    2
  51279. Blue light special in Colorado
    2
  51280. People are beginning to realize the dollar may soon have no value. No more "World Reserve Currency" status = crash, perhaps hyper inflation. Realestate values are being supported by cash buyers who do not trust the fiat currency, backed by nothing, since the Nixon administration. Once Saudi Arabia declared they will accept other currencies, they pulled the rug out from under the dollar.
    2
  51281. Thanks for being a real independent Michael, most people that call them selves "independent" really aren't independent at all and still fall somewhere in-between democrat and republican view points and often times just mix and mash those things.
    2
  51282.  @MichaelBordenaro  I just found your channel and I love it. I was born and raised on Miami Beach... and I you mentioned that live on the North Part of the Beach. My childhood house was on Biscayne Point and my parents sold it a few yrs ago after having lived there for 50 yrs. They then moved to Bay Harbor, so I still visit down that way a few times a yr not to mention for our Beach High reunions and get togethers. I loved growing up there back in the 60's and 70's, MB was small town back then. I am just shocked at how bad the traffic has gotten down there when back in the day we didn't have any of that traffic on the Beach. Still I will always love MB, it will always be home even though we are on the West Coast of Fl now in the Sarasota Area, Bradenton, which I did see in a previous video that you mentioned it as being one of the better places to live in Fl. We lived in Gainesville for the past 30 yrs before moving here and I am just so happy to be back on the coast and on the water. Nothing like it... Enjoy MB, I still do when we go down there... You said you were in a Highrise we are too. I assume you are on Collins Ave, what street are you on??
    2
  51283. Have you seen the money wise article about 37% of real estate agents unable to pay their rent in November?
    2
  51284. Most landlords are flexible on the x3 principle because otherwise they wouldn't find renters.
    2
  51285. Ha! -11 in Rhode Island this morning.
    2
  51286. 😅 Bubble 😅 I believe the correct term is PYRAMID
    2
  51287. Buy a house just not in Miami or near any large city
    2
  51288. They're called oak trees there's pecan trees pine trees
    2
  51289. Imagine the cost to rewire the tower, rebuild the support piles, do a new first floor slab, build 21st century A/C and replace all the moldy sheet rock. A beautiful building that grew old and tired.
    2
  51290. Michael , do you remember the song? THOSE WERE THE DAYS ? 1968🤔 The lyrics says “ once upon the time there was a tavern people sang and danced and they thought it was never going to end! Those days are gone my friend they never return again! That tavern is US economy just like you said it’s “ it’s a great disaster waiting to happen”. Dreaming is not a plan for future it’s just a falls hope!😴
    2
  51291. Credit card interest rates are higher now than it was back then. It's crazy. I don't know why anyone thinks that they need Credit. I was reading that they will raise the minimum payment as well.
    2
  51292. What about car loan payments? If you ever expand, talk with your car finance friends. That is a huge bubble too!
    2
  51293. Thank you for the video and I do appreciate it. And you are my favorite voice really doesn't matter what you're talking about but I do agree what you're saying . 🌻😊
    2
  51294. That potential mayor seems very kool too! 💜⛷
    2
  51295. I love these walking tours. It’s a really good way to show how an area look like 😊👍🏻
    2
  51296. I didn’t know the prepay penalty expires in 3 years. Is that everywhere? If so that makes me so mad because I would have started investing way earlier after I paid off my first property. I didn’t because when I meet with the bankers they said they changed things and Joe had a prepay penalty. (At that time I only wanted to buy one property at a time and pay it off) Now I have 9 mortgages and eventually want more 😎
    2
  51297. Anyone here bad w/money who will be left w/millions from family members? If so just have them will it to me and I'll invest it so well that you'll get back more than the original amount and we can both be much better off.
    2
  51298. This is not an earthquake like in 2008 but more like sinkholes everywhere, hence the result will be the same. We are not at the bottom yet
    2
  51299. Levy county is pronounced lee-vee.
    2
  51300. Did your camera just get 10x better
    2
  51301. That means you can’t make these claims for 15 years, at least. Unless the smaller claims come in the early years, but one big fire claim in the first 12 years and you could lose the house.
    2
  51302. 1st
    2
  51303. Unlimited money to Ukraine, Israel... Enough of the madness.
    2
  51304. Should be interesting content when revisiting previously highlighted property in 2 yrs.
    2
  51305. What Jeep gets 600 miles per tank? Ecodiesel Grand Cherokee?
    2
  51306.  @MichaelBordenaro  Wow that’s good gas mileage and from that pentastar v6 no less. My condolences for purchasing a Chrysler though. Don’t keep it longer that 5 years. Ask me how I know.
    2
  51307. Don't you think the goverment had this planned to increase their ATM
    2
  51308.  @MichaelBordenaro  Awesome man! That’s great.
    2
  51309. The new thing is that people are now stealing (cutting) the cables that charge the Tesla's, for the copper in those cables. I saw a video of it happening to someone in an area not far from where I live. Oh boy! Hunker down and save that money!
    2
  51310. Thank you Michael for offering us the truth of matters in real estate! No question the trend is downward in all matters economics. The numbers reveal we may be in a severe depression by 1stQ 2025 which could last 5 years or more!
    2
  51311. Henry Ford once said “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
    2
  51312. Fixer upper and sweat equity 👍
    2
  51313. Greed is going to kill society. Those over priced homes are going to end to have squatters living there. Look at all the illegal migrates. Beware.
    2
  51314. if I may suggest, being young, buy some land, for later. wait it out, then build when the wood is cheaper.
    2
  51315. Isn't the point of the NAR settlement that the agent in your story would NOT be able to see the 1 percent on the MLS upfront (and thus zillow)? They would be able to see it LATER on the contract, but still, it would have prevented the above story from happening, correct? Which is a good thing and the whole point. What am I missing? Yes, they could still complain about the low commission later, but the fact that they already spent some time and were vested along with the contract they would have signed with the buyers (probably stipualting how the money would be paid to their agent, in the case of low seller commission) would probably make the sale much more likely, as opposed to completely sabotaged upfront when they see the low commision. So again, this sounds like a win to me. Again, these are all assumptions based upon my understanding and the theory of the new normals established between buyer and seller agents and how they interact and get paid from their clients, but in theory it all sounds like a good idea, especially from the perspective of buyers and sellers (and perhaps even agents).
    2
  51316. Really appreciate all info but my concern is where is the solution?
    2
  51317. I love your videos. Various degrees of lighting is fun too.
    2
  51318. 👍👍👍❤
    2
  51319. Michael I appreciate you very much.Opened my eyes I am older but have children and grandchildren that information can help
    2
  51320. 😂😂😂 I can't believe those houses are that much.
    2
  51321. You probably were on 5th Ave that is surrounded by a residential neighborhood (noise restrictions) and I think weekdays close at 11:00, later on weekends
    2
  51322. Great info thanks!
    2
  51323. I've been saying this for 3 years, corporations have killed the American Middle Class.
    2
  51324. Michael, politics is crushing America's desire to own a home & start a family, marriage has a bad name for the guys, IRS is after everyone's money so why work, look at all the homeless who have dropped out of society.
    2
  51325. I used my Chase / Zelle to pay my moving company in $2,000 increments totaling $21,000 and Zelle increased my daily limit to $5,000 from the get go.
    2
  51326. At least prices are going down somewhere.
    2
  51327. Your information is awesome. Thank you Michael🙃🙂
    2
  51328. Yea furniture is old and apartment needs a face lift. Whenever re renting you have to paint and refresh and do small repairs. It goes with the territory. If tenants do damage then no returned security deposit. But the landlord has to expect to have a place cleaned thoroughly, grout bathroom and have windows washed, rugs and appliances professionally cleaned between rentals. That's a high end slide in range. Just get a cheaper stainless one when renting. Good luck..
    2
  51329.  @MichaelBordenaro  Great area for your equestrian clients!
    2
  51330. Michael, you need to take the posch out with you on your walks.
    2
  51331. Totally agree
    2
  51332. Things got out of hand in that situation. Please don't look at it as a representation of the entire state. You mix young people and alcohol and things tend to get out of control very quickly. Any place has its own set of problems, plus people have been quarantined for over a year now. We all need to blow off some steam, it just snowballed. It's been a on going thing for years where spring breakers get outrageous. It's just been amplified due to the quarantine.
    2
  51333. I don't know why ppl still listen to the so-called experts. They are all frauds.
    2
  51334. It's an election year...crooked democrats and their controlled MSM never say anything bad about the economy. Wait 1 more year!!
    2
  51335. Then there is the cost of re-financing.
    2
  51336. Thanks Michael for tell the truth some people just can't handle it
    2
  51337.  @MichaelBordenaro  You will!❤️❤️😊😊
    2
  51338. Excellent video !
    2
  51339. $350,000 was my number. I live in St. Petersburg Florida. Good luck. The latest listing I looked at for a 3/2 was $828,000.
    2
  51340. Also ( look at the charts ) markets crash AFTER real Fed pivots. Check it. So what you are seeing now? Just the beginning.
    2
  51341. What a fun experience! You can do that in Oregon(some beaches). But not nearly as far of a drive as this beach! That's incredible! I would go just to do the 2 hour beach drive! I'm new to your channel(so forgive me if I ask questions you've already covered in previous videos). I'm seeing lots of different cars in this video. In a previous one I noticed a lot of trucks and SUVs. Do you recommend certain types of vehicles living in the Miami beach area? I'm watching your traffic video next. Was wondering if it matters for safety, weather, crime, etc. Eager to hear your thoughts! Thanks again for a great, FUN video!!
    2
  51342.  @MichaelBordenaro  You hit it RIGHT ON THE HEAD. The % had gone WAY UP for a 50 basis point increase after the last CPI data and then the war happened and now its very likely a 25 basis point increase. The feds would love NOTHING MORE than to increase it slowly like this so I hope the next CPI data come out blazing. Too many people have already concluded the feds will use this war to say "it's supply chain issues and the war causing inflation, not our problem. You just gotta deal with it"
    2
  51343. 8:15 They are Chemical batteries at the end of the Day.. Subject to climate and temperature changes.
    2
  51344. Miami market will go down by 60% by end of year. Realtors are getting worried.
    2
  51345.  @MichaelBordenaro  Awesome, nothing like being able to walk out the door and walk to the things you enjoy. God Bless.
    2
  51346. I really hope so. Price is still over asking
    2
  51347. An apple is still just an apple no matter if it’s 50 cents or 5$...... money is the lie and we need to start thinking away from money and more towards time lost..... knowledge and time can never be separated and money separated time from knowledge (grouped thoughts/ corporatized business)
    2
  51348. Love listening. You make a lot of sense. I’m considering a move to Florida. So I listen to what you say
    2
  51349. The only good news Michael is Lando won the F1 GP !
    2
  51350. Thanks for another Great Video Michael. So glad I have zero debt, and an excellent FICO score in todays world.
    2
  51351. Great video Michael. Grew up in MB, Watch all your vids
    2
  51352. I subscribe and enjoy your videos - agree with much of your content. Sad about long-time mobile home parks - been happening since the '60's or before. Same with farms and woodland - the real estate is too valuable for the traditional uses. Agree about property taxes also - tax on unrealized gain and then no refund when property owner suffers a loss. Referendums on increases are a direct example of taxation without representation - registered voters decide and property owners pay (not the same set of people.) The fair way to vote on an increase would be one vote for each parcel of land, individual or business, resident or not. I disagree with one thing you said - "No one voted for things like money to Ukraine." Yes, we did. In our form of representative government we hire (vote for) people to make decisions for us. Remember that anything that comes out of a federal, state, or local government, law or regulation, is something We The People voted for. It can be undone eventually by voting - might make it easier to gag it down. A Town Hall Meeting type of pure Athenian democracy is just unwieldy, so we have the best compromise that humans have invented - so far.
    2
  51353. We have lot$. Why? Cuz we have always been careful....
    2
  51354. Siesta Key is the bomb, Siesta Crescent and Turtle beach all within a few miles from each other. Thanks for sharing Michael.
    2
  51355. Be safe... hurricane winds and rains are headed to California on Sunday.
    2
  51356. I would like to know these facts that are relevant as well. You made some really good points.
    2
  51357. I moved to central Florida Orange County ,from Texas, im glad I did.
    2
  51358. I like this.
    2
  51359. America is for the taking. Take whatever you can folks.
    2
  51360. Great finds!
    2
  51361. michael, apart from contacting you, have you done a video on how to choose an honest agent 😊😊 ...being in my sixties, I'd sell, grab the money, rent and blow the money. Why bother buying again? My kids would enjoy their early inheritance too.
    2
  51362. Four inches of snow here yesterday at high mountain desert forest plateau hideout NM. Very quiet but still no beach. Ha! Price cuts? Hopefully.
    2
  51363.  @MichaelBordenaro  Very glad you recorded it, I use Cash app to buy bitcoins & stocks, not a big investor but buy in fractions. I bought all the right stocks, only if I took more risk, I would have gained more wealth.
    2
  51364. Good joke "closed doors"
    2
  51365. the walk rocked dude! so many sweet cars even that pink integra.
    2
  51366. Why have you lived in a condo for 13yrs?
    2
  51367. Solid analysis
    2
  51368. What college do you think is best for becoming a real estate agent?
    2
  51369. throw on some Ray-Bans and your a cholo
    2
  51370.  @MichaelBordenaro  THUD. That’s me fainting. Ha! I really want to do this for her. But I’m a guy that doesn’t even own a winter jacket (NJ). So I’m pretty much shorts up until Christmas. (Also, we were looking around Pasco county and I’m learning it’s even HOTTER there). We were there like a month ago house hunting for a week. It wasn’t bad at all. But I don’t think the heat hit yet, right?
    2
  51371.  @MichaelBordenaro  Mike! Yeah? Let me look at that. Do you have any videos on that?
    2
  51372. Still over 5 bucks a gallon here in Communist run Burbank
    2
  51373. Good! These greedy sellers deserve to lose!
    2
  51374. Mikel your in my neck of the woods 👍
    2
  51375. Born and raised in L.A. I agree it’s a shit hole here but the homeless are being trafficked here from other major cities from back East. The cities they are from as in city governments are paying to buss them to L.A. my aunt works for social services and tells me that this is where the majority of them come from when they apply for benefits. So it’s not just find them housing. Other states are using L.A. as a dumpster to clean up their homeless problem. In addition, the city had used tax payer money to rent entire high rise apartment buildings to house homeless people inside. Not all of them wanted to live in them and prefer to live on the streets. Where did the people that were working and paying rent in those apartments originally end up going? They were evicted and displaced so the homeless have a place to live. Was that fair to the original residence? No not really, they had cheap rent and there are laws to prevent the landlords from jumping rent up to fast. But with the help of the city they are all gone and the landlords increased their rates that’s now guaranteed by government tax money. The displaced renters are now paying more for rent somewhere else and now struggling from keeping themselves from becoming homeless. Not as simple as just throwing a few extra dollars or giving them some food or clothing. Also when you call the police they sometimes do not come.
    2
  51376.  @MichaelBordenaro  it’s actually a political issue. The current people in control of the city and even the state are systematically trying to destroy the state purposely but if I get into it this will all get censored by A.I. It’s pretty deep and if you are open for the truth it’s out there. It’s pretty sinister and if you need an example look no further then the internet. What we have today is not what we had in 1999. That was the free internet where we can express thoughts and ideas freely. Now the internet is controlled by A.I. To sensor unwanted topics and curb human behaviors and give over all perceptions of reality that are just not true but fit the agenda of those trying to stay in control. So yeah all why I can’t even explain to you what’s really going on in L.A. without getting banned. But it’s way deeper then just a homeless problem.
    2
  51377. Investment down here is still smart just becomming more exclusively a cash game
    2
  51378. Wow! I love that place. So beautiful.
    2
  51379. I've seen Metallica a few times too but I wouldn't pay that much even to see Led Zeppelin if John Bonham were still alive or anyone else for that matter.
    2
  51380.  @MichaelBordenaro  you are doing a good job and we all appreciate it. I am looking forward to my move to the sunshine State. Your YouTube channel helped me discover Florida.
    2
  51381. My husband's job opens up promotions often and they require us to move. This has me nervous for my husband to throw for a promotion because we have a great house in a great neighborhood with a fantastic interest rate. If he gets promoted not even the cost of living adjustment is going to cover the increase in costs.
    2
  51382. Realtors Should get a Upfront Fee to take a Loser Listing like that one!? Miami is a Joke of a market. Timmy C Arizona
    2
  51383. You mentioned Northwest I had to laugh we are moving to Florida from Washington state
    2
  51384. Greee involved I saw a house that sold in 2017 for 330k now its on the market for 670k
    2
  51385. You’re in Miami flip flops only
    2
  51386. IL, your home state is, in essence, bankrupt - Chicago politicians looted the state
    2
  51387. There may be an old woman in that house.
    2
  51388. They're running out of sugar to coat this lying Administration.
    2
  51389. Target store , to expensive to shop there !!! That store for the 20's and 30's something .
    2
  51390. we neeeed more of jack on the channel
    2
  51391. Don't you think with these new jobs coming? The new jobs now are McDonald's burger. King Dunkin' Donuts because they raise their pay to like $16 an hour and people think they can live off that you cannot live off that top money. It sounds like a lot in theory but it's not a lot of money. Actually, but most adults are working in these jobs. Now these are the jobs of the future for now. Because once one of the time you speak for young teenagers who go on holiday and look for McDonald's and Burger King in these places. Now you've got 40 yd hero. People, people who believe 50 is worth for McDonald's and Burger King and staying there today. Retire, so what's that tell you?
    2
  51392. Watching from Costa Rica.🇨🇷 Great info! I am waiting on the sidelines to buy a residential/vacation home in Naples, Florida. I'm monitoring home prices, migration patterns, cost of living and home insurance providers exodus from the Florida market.
    2
  51393. @MichaelBordenaro  thank you. I have read both responses. I have made it clear to the bank and realtor what the price cannot exceed. The reason I ask this is I'm betting once prices come down and rates ease people will imstantjump in enmass skyrocketing prices again. So my idea was to focus on price. Find something low price good quality and then refinance when rates fall. I do understand I need to make certain what I need is in the contract. Thank you again.
    2
  51394.  @MichaelBordenaro  Yes, thanks. But no I do not own my condo downtown where is recent building here in Chicago. I live further north side here in Chicago in the Rogers Park neighborhood. We do have a lot of 3 flats to 6 flats condo buildings here in Chicago in general. And as well there a lot of high rise buildings here as well. And all of my closest friends who have brought their condo have asked so many questions about the condos that they have brought. My friends always share with people about what to look for in own and dealing with condos. I also have friend in New York who are in co ops and own condos as well. Michael you are right about owning property and that is you have to ask ask ask questions about this important purchase that is in people's life.. Again, thank Michael for your advice from that beautiful city.
    2
  51395.  @MichaelBordenaro  I think so too, definitely interested in seeing where these prices go.
    2
  51396. Another well said video! :) On a personal note, please be careful with your skin in the sun. I have a year-round tan due to Aztec on my mother's side, but my father's side is Scottish, Irish, and Norwegian and if you had blonde hair you could be one of my cousins from my father's side. Living in sunny CA and AZ many of them have had skin issues, the C word, from spending too much time in the sun. PLEASE be careful with that, as I would like to see you in perfect health making these videos for the next 20 years. Enjoy that beautiful Florida weather and keep up the fantastic work. :)
    2
  51397. 👍👍 good advice
    2
  51398. I really believe the US government is not telling us the true actual unemployment rate and rate of inflation. With the election coming up soon I believe they're manipulating the numbers to have a better chance of getting re elected. And where are all these high paying jobs people suddenly now can easily afford $6,000 a month rent or mortgage payment? It doesn't add up.
    2
  51399. What IPhone are you using for your videos?
    2
  51400. Man if you don’t like tax increases for nothing good you for sure should NOT buy in California 😂
    2
  51401. My friend has had 7 (3 bedroom 2 bath DUPLEXES) built on former woods x the street from her house that are RENTALS. Whoa, too much development.
    2
  51402. Finally a positive video about my city 😍😍
    2
  51403. Gangsta! TGIF! 😂
    2
  51404. taking from your retirement account is no longer a retirement account
    2
  51405. This street sure has a lot of white houses.
    2
  51406. Just shows you how perverted the world has become that house the guys trying to flip for 3.7 million in reality is $179,000 home... That neighborhood looks kind of raunchy not the best not the worst but really people have become that pervertedly creepy and greedy I can't believe there's anyone out there that would even think about paying that for that house... Rome is burning my friends the disintegration of America has begun
    2
  51407. What is wrong with you rich Floridians buying houses that have gone up millions from where the person bought it at 3-15 years ago, how the heck could people even deal with themselves knowing a $800k house 15 years later is now $4million and will buy it.
    2
  51408. You guys literally are “walking” proof!
    2
  51409. My home is under contract and closes on 4Apr. Do I have to pay the buyers agent commission or am I off the hook for that
    2
  51410. Some houses need to come down in price 80% to be affordable
    2
  51411. Michael. Gregori Arzumanov is extremely handsome. to his mother :face-purple-smiling-fangs:
    2
  51412. Housing is not going to be affordable anymore in many parts of the FL going forward. The only way is to flip the state blue. The crime rate will skyrocket everywhere and let them announce Miami as a sanctuary city. The housing would crash! I wish it wouldn't happen to FL.
    2
  51413. Man, the government in California is some money grubbin mofos. I know government as a whole is a giant pocket-lining operation, but California is on another level of greedy.
    2
  51414. You must always have plan for just about everything. The best avenue is to get out of debt Everything becomes clearer. The pendulum swings both ways....remember At some point that swing will make the US so cheap it will make your head spin Its not now......but it is coming You always must remember two things The grass is not always greener on the other side Things tend to revert back to fundamentals
    2
  51415. Hi micheal I'm looking at moving to orlando and I wanna know of there is other good paying jobs besides working in a theme park or something
    2
  51416. Can't refuse to rent if they have a criminal background wtf???? What if they're on the sex offenders registry
    2
  51417. So just one thought of mine. I have no problem whatsoever with Fannie Mae requiring the questionnaire regarding condos. That tragedy in Florida was 100% preventable, the building was known to have foundation issues, but they had a certain amount of time to get it fixed. I see no issue at all with protecting the lives of innocent people:
    2
  51418. I remember my mom buying my "husky boy pants" on layaway and telling me I'm not fat....unfortunately buy now, pay later is telling people they're not broke.
    2
  51419. Elon musk is saying that so that the interest rate hikes stop and helps juice up his assets that he can then dump on unassuming retail investors. Typical Elon con game.
    2
  51420. How about the people that were having renovations done or they were having a new kitchen installed and it was torn out, It will be a long time before they get that kitchen
    2
  51421. The Fed's aggressive.... lets wait and see if we can coast to the finish approach.
    2
  51422. Michael is there any area in florida thats reasonably priced to live
    2
  51423. Considering housing prices were probably 1/3 lower in March 2020 (just prior to the pandemic being declared) then they were just prior to when the Fed Reserve began raising the federal funds rate in March 2022, the current lack of buyers could even drive prices to lower levels than March 2020 in most markets if the high interest rates and high PITI payments don't come down. The demand is definitely still there as millennials are still wanting to buy a place of their own, but FOMO is on the back burner for now until either interest rates come down, prices come down, or a combination of the two..
    2
  51424. 8:13 that’s kinda the fear
    2
  51425. Would be awesome to see you collaborate with Jeremiah Babe. Another yt channel i like. I also love my banking situation. The percentages i make and my credit cards I'm making around 5% on all of it combined. So close to 100k!
    2
  51426. House value dropping fast here is VA. Mine went down $3800 in November.
    2
  51427. Well money cannot be borrowed cheap anymore by 2023 interest rates will be at 10 percent. So no we will not have a buyers market in 2023. The cost of the home at 10 percent in 2023 will way outpace wages. So no home loans will not and cannot be approved. So expect prices to fall further. Buyers market will be in 2025 or 2026
    2
  51428. great show great insite
    2
  51429. Ok! Sounds awesome!
    2
  51430. Oh god i wish it crashes real bad!!! Worst then 2008.
    2
  51431. dropping your price is by 1/15th will probably not excite someone facing owning digital currency. just saying
    2
  51432. Love the sunrise in miami beach. I catch them everyday i am there. Still waiting for a clear skies one though. But mostly they are wonderfull. But mostly they have been clouded. Gotta wake up early and get a starbucks though. And then grab a white beach bench but always lovely. And pre hotness of the day.
    2
  51433. They are a scam😮
    2
  51434. I grew up in Orange Co. And spent a lot of time at the beach. Mainly Newport, Huntington, Laquna. A couple of other differences is the marine cover we called it being overcast. You never want to vacation at the beach in California in certain months like June. We called it June gloom! Also if there is a heat wave inland the coast steams up and the overcast is so dark and even cold surprisingly. I went to Florida once at Daytona beach and I wasnt too impressed but a lot of other beaches I'm sure are stunning. Seems to me southern Florida is more tropical than S. Calif which is known to be semi tropical. I'm curious to know about the bugs on the beach too!
    2
  51435.  @MichaelBordenaro  thanks so much for replying to my comments I really appreciate your page!
    2
  51436. The shirt mike has on is the design they put on sidewalks on Brazil.
    2
  51437. No one in Florida loses money on a home. A home is a place where you live for at least ten years. The only place you might lose in Florida is Liberty City, Opa Loca, Carol City. and Miami Gardens. Where you are Michael No one EVER loses on a home or condo as long as they stay at least 5-10 years. No Flipping.
    2
  51438. U got it ! Love ur stuff!
    2
  51439. Thanks Michael. Always interesting and informative.
    2
  51440. Use a company between you and your tenant that pays with a credit card. Let someone else deal with the chargebacks.
    2
  51441. Happy Anniversary
    2
  51442. I need rural inventory north of Gainesville to increase and prices decrease. The inventory hasn't changed much in two months and I am ready to move in three weeks. Michael get up there and get things moving down!!!! Please! LOL!!! I got cash!!!!
    2
  51443. Can't make people sad during the Christmas season, then the gloves are off and new data.
    2
  51444. Pretty convenient timing to report that GDP has gone up… right in time for midterm elections.
    2
  51445. Michael found this video finally got to see play a little bit on the guitar. I am a fellow guitar player and noticed the gear in the back ground and hoped you would lay down a riff. What type of music do you like to play?
    2
  51446. Great content, thanks Michael!!
    2
  51447. Come to Cape Coral. I’ll hold the camera for you 😂
    2
  51448. Hi.
    2
  51449. If real estate economist is already saying that this is really going to be a disaster. Last time around he felt it was still a "great time to buy" even after the foreclosures exploded.
    2
  51450.  @MichaelBordenaro  Makes sense. That way you can fully enjoy your trip in a more relaxed manner.
    2
  51451. Great video, but i think checking within THIRTY miles for a better rent deal is a bit much. I rent 3 miles and 10 minute commute from my office. 30 miles would easily add an hour or more each way to my commute, which is not worth it.
    2
  51452. Hawaii is an endless summer also
    2
  51453. The cost of food will come down when you start growing it yourself.
    2
  51454. I agree about E Cars...There is something called a Mini E Car that would be great for Big Cities.and the suburbs...Why not have test centers . The Government has no sub fthe affordable E Cars . They would sell for 10k to 15k ..It is terrible our country with massive wasteful spending is not giving incentives for affordable homes. 200K to 350k . Like after WW2.....Something is very very wrong..America has lost it way and has no common sense values. We live in Barzzaro America ,,upside down and backwards. If they did build those affordable homes the would not give them to hard working Americans anyway . The woke would not allow it
    2
  51455. Michael you videos are so informative and engaging. Your like the "Realtor Next Door ". 👍🏾💯👏🏾👏🏾👏🏾😄
    2
  51456. Those rental pods are really sad and scary.
    2
  51457. IM BUYING NOW 🎅🎅🎅🎅
    2
  51458. Mike, Does Florida have any Levitt & Sons real estate tract developments like NY and PA. The very first Levitt house was a six bedroom, two bathroom Tudor style home that originally sold for $14,000 in 1929. Great videos. Cheers.
    2
  51459. The government should consider the housing crisis as a national security issue
    2
  51460. Mini-Madoff at FTX did a lot of damage and cost us all a lot of money. WHY isn’t he in jail? I moved my Bitcoin out of Coinbase and into “hot storage” at Zelcore. Bitcoin will go back up. I don’t have any confidence in some of the lesser known crypto coins. Good luck all.
    2
  51461. Thanks for the video.
    2
  51462. I’m a handyman and I know why it’s rare to find - it’s backbreaking!
    2
  51463. It’s interesting that the things that are going down in price are things Americans I cutting back on. Travel.
    2
  51464. Maybe because you never carry a balance, they want rid of you, they don't earn anything. I will on little occasion pass on paying the entire bill, then pay if off the next month. Not with a high balance of course.
    2
  51465. Shadow inventory comes out of the shadows and starts to rain houses into the market. 2H2023.
    2
  51466. Agree, I check all kinds of tax to see the balance of it and make better decisions. My life motto is always like “there is no free lunch, you have to earn to.”
    2
  51467. Of course politicians will never lay off government workers, if they did, the government union members would not vote in the same politicians. Its an incest relationship
    2
  51468. Thank you Michael for doing the SoBe video!!! I really appreciate it. 🙏 The location is exactly where I was thinking would be good too for a video. Is your take to rent in Miami or does it change by unit? I see many 1 beds for $300k or less. Is it possible to do a video on types of condos (on different streets) to buy in SoBo for that price range? I think alot of viewers would be interested as well. Thanks!
    2
  51469.  @MichaelBordenaro  thank you!! I am really interested in your SoBe condo tours, and any information on best values on areas in that neighborhood.
    2
  51470.  @MichaelBordenaro  I lived in Orlando and Pensacola in the early and late 80s. I remember. 🙂
    2
  51471. Micheal, Plantation please
    2
  51472. great call about to hit 50
    2
  51473. Thanks for your video! Could you please do insurance comparison between houses and condos?
    2
  51474. You’re bang on, Michael!
    2
  51475. Congrats. on the 3 yr. mark !......Over 40k sub's...100K by the end of the Year !!...Great Videos, Michael ..
    2
  51476. They just want unemployment numbers to fall and to have a housing crisis. In simple terms if it's not looking like 2008 than it's not a recession. They also don't want a market crash all at once.
    2
  51477. Shout out to Rob, and bug 🪲 off
    2
  51478.  @Seekyourtruth777  Traffic is just crazy in Orlando it's pretty bad here but it doesn't last very long but they keep building and building which means more and more traffic but I don't think it will get as bad as Orlando... I hope...😀
    2
  51479. 3.5 million for a house you bought for 900k 2 years ago? GTFO 😂
    2
  51480. Game Over!
    2
  51481. Don’t stop what you’re doing! I’ve turned so many people onto your channel!!
    2
  51482. As a matter of fact you all had a say in this spending bill; your mid-term elections are just over and you made your choices. The people you elected, you handed them the responsibility to set budgets and taxes. If you did not vote you can't complain either because you decided you just didn't care. Saying that the war in Ukraine has nothing to do with the US is extremely short sighted. You could also say that the war in Europe in 1939 started by Hitler had nothing to do with the US, however, had you not sacrificed life and money, there is a good chance Hitler would have won, and the US would not be the US it is today. (Also, do you guys remember how your friends and allies got behind you and supported you militarily at large cost in money and life after 9/11?) If you accept that any nation can just let its tanks and artillery roll into its neighbors territory, kill and torture as they like, then nobody is safe. It's like saying "why should I care about crime in the other part of town, it has nothing to do with me, so why should I fund the police to fight crime, we have no crime here where I live". The thing is if the criminals are allowed to roam free in other parts of town, how long do you think it will be before they are in your neighborhood? Maybe not tonight, or tomorrow, but when they are done raiding other parts of town they WILL come to your house.
    2
  51483.  @MichaelBordenaro  Well, that's representative democracy for you, versus direct democracy. It's a matter of practicality. Just imagine the chaos if you all had to have a say in every decision made. It's possible as long as you have no more than about 12 people. As you know, people don't know what's best for themselves, otherwise they wouldn't end up in the messes they do all the time. Would you really want the people who bring themselves into debilitating debt by spending to much on crap decide that government should tax you so the government would free them of their debt burden for example? (That was e rhetorical question, of course, so no need to reply). “democracy is the worst form of government – except for all the others that have been tried.”
    2
  51484. I love truth❤
    2
  51485. The Student Loan topic of the day... is a trick. The real thing no one is talking about is why Student Loans aren't included in bankruptcy law. Let that sink in.
    2
  51486. Impressive ! Thank you so much ! I can’t stop watching these info gathering vids on moving to FLA. Yours are the BEST !! I gotta say: I am liking the idea of moving there. Visited kinda regularly growing up. Great memories,,& Buffalo winters can be crazy !
    2
  51487. House payment higher 15% , that is lower then per hour minimum was 8 nau 16 , makes 100% higher paycheck for lower income people
    2
  51488. Congrats. on the 30K subs. !!....Interesting forclosure scenarios, really good video....Thank you.
    2
  51489. Maybe I’m speaking too soon, but how can you pick just one lie? 😁
    2
  51490. If you want to see where the Mortgage rates are going just watch the 10YR treasury yield. All else is noise.
    2
  51491. okay this is like the coldest day of the winter here with overnight lows about -30 degrees Celcius which is getting close to the same in Farenheight maybe -27 F to -30C, then it warms up in a few days and we get rain on our beautiful snow, how sad.
    2
  51492. Michael, just about everybody is looking at Economic Data for Market direction...I think it's the "Social Aspect" , that the experts are overlooking. Crime is up across the board in major US cities, as well as Social unrest !.....Americans are loosing Faith and Confidence in their Legal System, "leaders" , and the possibility of achieving their Dreams.....next on their list ...Peace will be lost to Violence !...Thank you for making us Think !
    2
  51493. And Florida is about to be hit again with another hurricane
    2
  51494. eventually people figure out if they cant afford an area,, the area is telling them they dont belong there yet.. go earn your ability to live in that area or move.
    2
  51495. I like that you’re always outside…even when it’s raining!😂
    2
  51496. There are also homes they cannot sell and one development are renting the homes. The apartments are too small and the quality of the finished poor. Not worth renting.
    2
  51497. My cat went crazy trying to find the cat meowing in your video! It was hilarious 😂
    2
  51498. I just read this comment today from a Floridian: It's already happening in FL-they are using the insurance companies to demand people get their roof replaced if it is 15 years old, whether they have anything wrong with the roof or not. How many people have $20000 laying around for a new roof? They are currently also pushing for mandatory statewide flood insurance in FL, whether you live in a flood plain or not. Btw, if you don't get the roof, they will cancel your insurance, so if mortgaged, they will call in the note. Also condominum owners will now have to pay more for obligatory safeguards and inspections due to recent beachside condo's falling apart .... Car insurance through the roof (highest in country) too. Illegals coming in via ocean. Just intercepted 400 on way to Key West. It's creeping up everywhere! I somehow don't think Florida will be immune especially with the vulnerabiliity of its location and the level of potential hurricanes, flooding, etc. Sorry to say. BUt it is everywhere . OUr country is being destroyed bit by bit....
    2
  51499. Thanks!
    2
  51500. Don't we just love these '' experts'? Experts in Banking, Real Estate, Stocks, Bonds, and the Auto Industry. Sunday's Tribune had an article by an '' expert'' in autos that now is the best time to buy a used car. I once knew an expert in Financial Planning.....he had to declare bankruptcy...LOL Can't make this stuff up.
    2
  51501. New Subscriber here!! 😁👍 Im originally from Arizona but I'm currently living in Salt Lake City and REALLY wanting to move to Florida. I watch DeerMeatForDinner on YouTube his name is Robert Arrington you should really check him out if you don't already know him and he's from Jupiter and when he does his videos there in Florida I always fall in love with the scenery and try and actually project myself there. Beautiful State man. Thanks for the videos kind Sir!! 😁😁👍👍🤝
    2
  51502.  @MichaelBordenaro  You should give his videos some views. Family man that does catch clean and cooks. AMAZING!! Such a positive guy man 😁😁 Thank you Sir!! Hopefully one day I'll get to meet u when I make the move 👍👍😁
    2
  51503. All these democratic cities or purposely allowing the homeless to invade and making it hard for the cops to do their job so that they could purposely run down the neighborhoods and force the building owners out so that there business partners can buy up to Realestate at pennies on the dollar it was done in the 70s they’re doing it again
    2
  51504. THAR SHE BLOWS.......
    2
  51505. This fellows straight out of the Midnight Cowboy!
    2
  51506. I drove thru Tallahassee on I 10 and speed limit is 70 and capital circle exits is from exits 196 to 203.
    2
  51507. Greetings from Washington DC! We love your videos and outlook.
    2
  51508. As a credit card churner the best way to keep cards from closing down is to put bill on them and have auto pay setup. Most of my streaming bills are spread to my credit card and I settle them out on the 1 and the 15.
    2
  51509. What product do you use in your hair?
    2
  51510. 14% increase in electricity prices isn't bad, it's not great though. Here in the UK, it's gone up over 100% in a year. Maybe I should move to Miami!!
    2
  51511. Happy Birthday ‼️
    2
  51512. Really great review thanks! I learned a lot about the different areas and now have some place I wanna visit :)
    2
  51513. I need to start a lawn business for millions dollar homes
    2
  51514. The cat want you to buy their home 🏡 😂
    2
  51515. Thanks!
    2
  51516. @michael like your shirt, you look nice! (Well you always do!)
    2
  51517. The more I watch his videos, the more I am tempted to move to FL. I am planning next year.
    2
  51518. Hi Michael I’m a new sub what floor you live on
    2
  51519. Good advice Michael.
    2
  51520. I was paying $1850 for a nice apartment in a high rise in Brickell, heard those now cost around 3k..Glad I bounced out of there really quick lol
    2
  51521. The market overall is so distorted, it’s hard to make sense of any of it. I’d like to see a video on your opinion of the CBDC coming out next Summer. The vast majority has no idea what’s about to happen.
    2
  51522. We live North of DFW and our home owner insurance doubled! Along with our car insurance!
    2
  51523. 👍👍
    2
  51524. Thanks for the positive video👍
    2
  51525. I am surprised those construction workers do not have to have traffic coned off, a traffic guide on watch, city permits. Yeah, that would not fly in my town.
    2
  51526. We understand…but what it’s really called…is Work Life Balance, in fed agencies. The word is Balance…not Complete Virtual Work. Some are complete virtual. But if you note, none of these jobs are Complete In House! We think it’s a current political trend - basically, they don’t know what they want, but right, you can’t expect where they won’t reverse their policies, on a whim. We don’t think any jobs are going back to Complete In House Work.
    2
  51527. Thought you can do airbnb in Florida
    2
  51528.  @MichaelBordenaro  I know HOA community has restrictions for short term rental like airbnb. I am looking to buy as well I am waiting till winter and maybe 2022 see what happens.
    2
  51529. I am a local in WPB, FL and my greedy landlord just raised my rent 30%
    2
  51530. When I look at Zillow's insurance estimates for condos on Miami beach....are those accurate?
    2
  51531. Who wants to eat human meat?? All Fastfood places selling it to you except In and Out burger. Bon Appetite!
    2
  51532. I agree with you totally not to do the zoom or conference call for closing. I had a house built in Vero Beach Florida and closed on January 3rd 2022. I told the Builder and the realtor up front when it came time for closing that I want to do it in person at a physical office and not over the internet. I want the title person to hand me each piece of paper and explain each piece of paper. And the closing was actually at the builders office and the Builder salesperson and my realtor were there. So I had confidence everything was legit. Then on June 27th I sold my condo in Cape Canaveral where we launched the Rockets which I was a part of.. I said the same thing to my condo realtor that I want to do this in person at a physical office. And not over the internet. And my realtor was there and the title company explained every piece of paper to me. A person does not buy and sell property that often. So why cut corners and do it over the internet. Do it face to face in person at a physical office and that reduces any chance of fraud. I know the internet is becoming more of an integral part of our lives but we need to practice old school methods at certain times
    2
  51533. Hedge fund investment firms who are buying up large numbers of properties are no different than the feudal lords in the dark ages
    2
  51534. Michael, great job you do, thanks for hanging in there. wow some people were never taught how to be positive.
    2
  51535. How's the market in that area Miami Lakes ? It looks nice and peaceful.
    2
  51536. Personally I think the SHIT's the fan after the elections. The monthly economic numbers are manipulated and then revised down several times in recent months, Glad to hear you say it, "A house is not an asset".
    2
  51537. Don’t buy now. This price will be same for another 3 years.
    2
  51538. All insurance is BS especially Health insurance.
    2
  51539. I've only lived in 3 states but the florida property taxable value reset when sold isn't all that common. I wonder what other states do that, something like the homestead exemption, tax value only increases a max of what 3%?
    2
  51540. I was looking for a long time. I quit looking, about a month and a half ago. I don’t have a mortgage so I am staying here.
    2
  51541. Michael it is Disturbing Can you Please make the video in the quiet place
    2
  51542. 10:15 "FL is as flat as A cup guys." LoL. True, CA has all kind of sizes and shapes of mountains.
    2
  51543. A lot of lambos going to have to go back
    2
  51544. 11:00 I'm confident interest rates will continue to go up at 0.50-0.75 points until they reach 14%-20% or even higher. Housing prices will continue to increase as the U.S. Dollar continues to inflate (as interest rates are still too low in reflection to the inflation rate). When housing prices start to take sudden drops in prices is when interest rates will stop rising.
    2
  51545. So share worthy a piece covering all price points and markets. Super!
    2
  51546. Contact the City's risk management department.
    2
  51547. Go an hour north to Ukiah it’s a nice little town.
    2
  51548. You're welcome appreciate you.😊
    2
  51549. Merry Christmas to you too!
    2
  51550. MB/IAllegedly crossover?!
    2
  51551.  @Falconlibrary  absolutely, I believe 20% of the SP500 are zombie companies. They’re totally unprofitable and a few interest rate hikes away from bankruptcy. There’s no shortage of foolish people in positions of leadership around the world.
    2
  51552. Another great video I think everything going to crash and the rich are getting ready to buy all the foreclosed homes during the next recession.... keep up the great work✌ God bless everyone!
    2
  51553. As a condo owner I always learn a lot. Fortunately our condo bldg is well maintained (just put on a new roof with a special assessment of 1,000 dollars.) has good reserves and is well managed but our HOA is steep and insurance is close to 500 grand a year. Anyway for folks on the opposite side of the spectrum I feel for you but with reduced values do you honestly think your property taxes will go down. NO WAY JOSE!
    2
  51554. Great Video Mike. What are your thoughts on Treasure Island in Pinellas County?
    2
  51555. Got lucky with home insurance 3900 with citizens
    2
  51556. Micheal, I noticed many ICE cars and no EVs. Watchout you are in a bad area...
    2
  51557. Not in favor in seeing ads of a tokenizing real estate investment corporation
    2
  51558. My company had set the bonus at the end of this year is 17% but last month at 2nd quarter meeting the board reset the bonus will down to 15% (maybe).
    2
  51559. Wrong we don't have to wear the mask anymore. Why do you say that?
    2
  51560. your insights are just like what I see around me. gas prices keep going down. credit is tightening. repos and foreclosures are going up. china's consumption power has been taken off life support as its completely dead. europe is financially teetering on collapse with no help from russia. when the government says we are in a recession, then we are probably already entering the depressionary stage. and unlike 2008, this will be a global.. if you think im wrong, just ask yourself, "what could possibly happen in the future to improve the current situation?". if you're drawing a blank, so is everyone else.
    2
  51561. Congrats Michael! Keep up the good work!
    2
  51562. Go, RLP!!!!
    2
  51563. I would like to move to Florida but need guidance on where to live. Would be nice to connect with you to find a beachfront property.
    2
  51564. Thank you Michael for all your videos 😊So helpful.
    2
  51565. 🥇
    2
  51566. Michael, that county you're reporting on in TN, Sevier County, is really pronounced "Seveer". The only reason I know this is we spent a little over a week in the county seat, Sevierville. Sevierville kind of blends into Pigeon Forge which is where all the recreational things are, probably the reason there are so many air B&B's. We really enjoyed our time there with an RV tour group.
    2
  51567. Real life will hit these genz/millennials in a bad way over the next couple years. Many of these boomer/genx parents are tapped out as well. I say that as a genx; who are those guys? Saw a fake survey meme asking the most neglected generation and genx was not an option. People from genx were told to shut up and deal with things. Well I did and am financial set. Sounds like you are getting there Michael. Head down and do the work dude.
    2
  51568. very nice place! and ..useful video
    2
  51569. Just came here to save you guys some time, the fastest way to go broke and lose it all, take a gues.... Get married.
    2
  51570. Excellent presentation!
    2
  51571. Would you ever do a video on Collins avenue ,or a walk through the tall condos.
    2
  51572. Perfect time for a video
    2
  51573. I love Keystone Point
    2
  51574. ❤
    2
  51575. Sunscreen buddy
    2
  51576. Michael, I wasn't going to bring this up, but...Do you really "own" a home in America ??...The property taxes on some of your featured homes are $28k +. If you fail to pay after a few years (3years, i think) , you lose your Home !!....It's perhaps an option to live in a house, that one has to pay an annual premium ( prop. taxes), to extend the experiation date of the option. What do you think ?...Thank you..
    2
  51577. We love the scenery even if you're making $75,000 you're in a different tax bracket the time you pay your mortgage and the food prices car insurance house insurance and all the things that go in to living for the average person It's not that much And remember you have to maintain your homeand all the class that go with itNot everyone can afford to buy a new home I'm talking about the average person.
    2
  51578. You forgot CG has UM and the Venician Pool
    2
  51579. No, not asking for cash to contribute to thanksgiving meal. 🤷🏼‍♀️
    2
  51580. I was wondering what Destin was like. Great video.
    2
  51581. You mention the 3-D printed homes are more attainable for "the average Joe"--but that's a very narrow market, since most of us are not named Joe and may not even be average. (And I'd like to see the printer for those 3-D homes!) But on your more serious topic concerning coming layoffs, today Musk said he'll be laying off 75% or 7500 of Twitter employees if he buys it. So your warning is spot on!
    2
  51582. Yeah the weather was great here in Palm Beach here as well. And yeah insurance premiums in the next year will be 🚀
    2
  51583. Thankfully, we can say my wife and I are actual real homeowners, we own it in full. No renting from a financial institution or government. My taxes, home, auto, and flood insurance are in total 6K$ a year here in Florida. Just wish my auto was cheaper. Thank you Michael. I’m from NY and it was getting pricy there to live.
    2
  51584. In my area (Portland Oregon) Open Door keeps offering to buy my property for at least $100,000 under value. Yeah Right.....
    2
  51585. If I’m buying a home with a 6% interest rate how much will it cost me to buy down points to get to 3% interest rate.
    2
  51586. ✨🏆✨
    2
  51587. This was a fantastic vid. One of the best you have posted. Amazing insights.
    2
  51588. Enjoyed your story 😉
    2
  51589. Hey I prefer the AI Mike. He's much cooler.
    2
  51590. Your growing Michael
    2
  51591. Neighbor just put house on the market. Listed at about $400,000 more than I expected. Things are scary.
    2
  51592. I do believe the people in the USA don’t like there houses. I been living in our house since 1989. It was brand new and We still love it. Last fall a realtor came by once a week and told us he has a buyer for an absolutely ridiculous price but ai told her we love our home and we don’t want the stress and hassle of looking for a new place. She actually stressed out the whole neighbourhood. Finally some called the police to stop her from harassment. I guess she was new realtor. Glad for the neighbourhood that stuck up for there comfort. Of course this is in Canada.
    2
  51593. what is ironic or hilarious is that, in the big picture, we are only a few generations from NOT living on the family land for life... my grandfathers house up north near Boston had 3 floors for what traditionally was 3 generations. that was the plan. the suburbs redirected that for many. otherwise plenty still live near or on their family land.
    2
  51594.  @MichaelBordenaro  I think I'm going to go with the Hallandale area. Now after I find a condo I like do I contact the realtor on the website ( realtor.com ) or am I supposed to have my own? Is it better to have a realtor from my state ( PA ) or the State I'm moving to ( FL ) ?
    2
  51595. Wait until you see the actual sale costs, it will be a viscous cycle down. I would not be surprised if that 1.25 million sold at 1.00 million.
    2
  51596. My 2100 sf, 2015 build 3br single family home in Sarasota, 5 miles from the beach, went from 1600 to 2400 per year for fire insurance. No bueno
    2
  51597. Are there places we should generally stay away from in FL Realestate according to you ?
    2
  51598.  @MichaelBordenaro  Ormond beach was a place I applied for when a guy from Ft Lauderdale told me to check out Port Orange. He was from there but moved to S Florida
    2
  51599. Walking talking news! Great Job! 🤝
    2
  51600. FANTASTIC video, Michael and Nick! So glad Nick made it to Miami and you guys got to get together in person and make this great video! So informative and hopeful!
    2
  51601. Hit like if you think this economy is doing great ❤
    2
  51602. Thank you. Very sad news. Please be safe your self.♥️♥️♥️🇮🇸
    2
  51603. Make more videos ❤
    2
  51604.  @MichaelBordenaro  No! You'll run into alligators!!!! lol
    2
  51605. South florida Hoa dont have reserves and even if they do it doesn't work on your favor
    2
  51606. Agree with Michael 100%.
    2
  51607. I like this format better. Outside. Just move your face away from the camera just a little bit
    2
  51608.  @MichaelBordenaro  Did he say why he was moving and to where? I was curious as he was leaving such a beautiful area.
    2
  51609. maybe someday we;ll switch to an asset back currency like other countries are doing. does that sound like a logical solution?
    2
  51610. How was the grouper? I’ve not been to Crabby’s before. Usually go to Flounders which is across the street from where you were or Peg Leg Pete’s.
    2
  51611.  @MichaelBordenaro  Full disclosure, I’ve heard that said by many others. Even the two I mentioned are not all that impressive for food. More about the atmosphere than the food imho. The higher end places are probably the best bet for food in that area. These others are more tourist level food in my experience.
    2
  51612. Another reason why people can't believe anything from the media anymore
    2
  51613. Thanks Michael !👍
    2
  51614.  @MichaelBordenaro  hi Michael I own my own concreting business in Australia I was also a motor mechanic by trade is their work out their in Miami for concretes I also invest in property . Im saying this because I would like to move to Miami as you already know from previous messages.
    2
  51615. I never comment, first time caller long time listener. Stay the way you are!! Don’t pander to the Unicorn riders. Go woke, Go Broke! You have your YouTube Plaque for doing you! Stay Golden ( reference from the movie The Outsiders!)
    2
  51616. Very nice views. Thanks
    2
  51617. Sound fundamental logic like this is going to get you kicked off youtube please be careful with the truth bombs youtube doesn't like truth.
    2
  51618. Very helpful. Thanks Mike.
    2
  51619. All Teslas sold in the US are built in the US. However, some of the batteries are from other countries. That reduces the amount of tax credit, but doesn't make it 0.
    2
  51620. The government lies to us 100% of the time. They are not here to help us. They are in government to help themselves at our expense. Its called lying and stealing.
    2
  51621. The funny part is that what we see now is still just the beginning. We're past the 11th hour for anyone trying to think their way out of trouble caused by it, but we're still only in like Dec of 2007 and about 6-8 months from the real crash.
    2
  51622. My MLS go to is Zillow
    2
  51623. Dont have gold and silver got evicted? 😂thats cute. I guess thats why I am still paying my rent. 😊 (my manager is really annoying and targeting me all the time, threated me to move few times, but there is no other options right now)
    2
  51624. Huge thank you 🙏from the uk 🇬🇧..love your insights..part of my daily routine…very relaxing listening 👍
    2
  51625. 😁😁😁😁😁
    2
  51626. Right now your Greedy will be Broke' and your Millennials will be moving back home with Mommy and Daddy.......Cheers Mate !😆😆😆
    2
  51627. I bet the catch is you only get one free refinance and they’ll do it without asking if the rate lowers from 6 to 5.99 😂
    2
  51628. Non-qualified loan? Never heard of them. I think you have a "Non-Conforming" loan. What it sounds like to me.
    2
  51629. I was lucky. Many year ago, I vacationed in FL . Wend down the west coast and thee was Red Tide. Crossed over to the east coast. Started traveling back north and had to search for any gas station that had electricity to run the pumps. woo Hoo :face-fuchsia-poop-shape:
    2
  51630. California is doing all patios need to be checked by 2025.
    2
  51631.  @MichaelBordenaro  Yesterday could be Tomorrow...Come on out to LA !!
    2
  51632. All of which means that many people who are sitting on a pile of cash for a down payment or house purchase — along with institutional investors who are getting out of real estate — need someplace to stash their loot until the housing market bottoms out. And they're not going to stick it in the bank at close-to-zero interest. So what're they gonna do with it? Stock market. Good luck to all!
    2
  51633. I love it. I'm interested in going back asap lol.
    2
  51634. Great video man
    2
  51635. Miami sure have TONS OF MONEY from the taxes on those overvalued houses LOL
    2
  51636. Maybe Tallahassee rents are being effected by the college kids returning to school after being remote for quite some time? I'm not surprised by the high rents in Fort Lauderdale and Miami. It seems like so many people want to live in these area. House prices are high too as you mention.
    2
  51637. Love the video except for the slightly pretentious take on what you think “real music” is.
    2
  51638. Buy mentality has been conditioned-in to most of the population for 40 years...few are knowledgeable enough to know that game is over.
    2
  51639. I was here in Miami for Hurricane Andrew dude not cool. Plz make a video on that and how to fight back survive. 11 : 24 facts 🤔
    2
  51640. boomers already own 2 out of 5 homes but they will start aging out of them big time in a little less then 10 years
    2
  51641. USDA loan. I was approved, had to back out. I was told takes longer than the conventional loan process, okay, ninety days/property, no problem, I will give you ten months, try fifteen months, maybe. In ten months time a appraisal was not even done.
    2
  51642.  @MichaelBordenaro  That station would just play the blues and old school country western. Up next: A Johnny Cash classic: "Busted" My bills are all due and the babies need shoes, But I'm Busted Cotton's gone down to a quarter a pound And I'm Busted
    2
  51643. All those property tax increases are going to the school districts and our kids are getting dumber and dumber by the year Go figure
    2
  51644. Hope to see you in Manhattan Beach sometime soon here in California
    2
  51645. Thank you love this walking tour good job I could hear you good .Can you do a walking tour of the downed condo.
    2
  51646. What’s crazy is that you’re saying “stay put. Save your money” and all these people in your comments saying I WANNA MOVE TO FLORIDA. Are they even listening to you? FYI all. Florida got expensive in case you all missed that. Inflation, rent, and homes cost an arm and a leg now and you get no protection so come here and we’ll take your money and leave you penniless if that’s what you wish.
    2
  51647. To big to fail 😂
    2
  51648.  @MichaelBordenaro  When I first went to SF, my apt on lower Nob Hill (a nice neighborhood) was less than my college apt in Ann Arbor, so even my low-paying first job allowed me to live there fine, and to enjoy a lot of what the City offered. Young 20-somethings cannot do that today, so the City is missing that youthful element, and one that patronized the restaurants/cafes, bars and music venues.
    2
  51649.  @MichaelBordenaro  It would take an entire return to sound money - meaning the dissolution of the Federal Reserve - so that market prices are real, and not based on all this fiat digital currency, conjured out of thin air. There should never be the kind of imbalance we see between different places. There will always be some, since most people prefer water or mountains, so those places will have somewhat of a premium, but not this "twilight zone", where only a select few can afford certain areas.
    2
  51650.  @MichaelBordenaro  I’m glad! Thanks for that. 😊 SoBe has been great, been able to do everything by foot or short Uber ride which is perfect. The street the unit is on is chill. 😀
    2
  51651.  @MichaelBordenaro  LOL, 😂Totally hear you on that! And thank you 😊 I agree! I walked around the Sunset Harbor area you posted on your last walking tour and went to Trader Joe’s, lol.
    2
  51652.  @MichaelBordenaro  Agreed! And you’re right, that Fresh Market is so expensive!😭
    2
  51653. You do a good job but I want to offer a little correction on today’s video. Remember for someone to get an $8k tax refund that means they paid close to $20k in mortgage interest (I am using the 28% tax rate for this calculation; if one is in a higher tax bracket). So, you are actually loosing $14k after netting the $8k refund not really getting a dime. It is a terrible move for anyone to get into a large mortgage debt at 7%. And those people are misleading buyers by giving them only partial info (ie. They mention $8k refund but do not disclose the $20k one has to pay upfront to get that refund).
    2
  51654. Born and raised in Minnesota. I’m well aware of this practice. Minnesota IS criminal. Do not move here when your town runs out of water, or whatever. Minnesota will figure out a way to milk you dry.
    2
  51655. BHLM: Beverly Hills Lives Matter.😂😂😂
    2
  51656. The Surfside collapse was surreal. Hope you guys are ok.
    2
  51657. The reason I suspect that the housing crash will be significant, sudden and take less that two years, is the amount of speculation and the above average percentage of sales being investors. Once rents start to drop, due to an economic pull back, cash flow will disappear for those speculators that over paid. The “bullwhip effect” in reduced rental income and housing prices will cause many investors to default which will lead to bank liquidity problems and make 2008 pale in comparison. It’s my opinion that 1/4 if not 1/2 of banks will fail. Once this toxic debt is cleared out of the system it will be a once in a century opportunity to buy real estate for much less than it cost to build it. The reason I think the “Fed put” is over, and there will be no more QE and interest rate drops, is because of war. In order to fund the war the dollar needs to be strong. For a strong dollar interest rates need to go up to fight inflation. In my opinion everything will be sacrificed to keep the dollar strong against other currency’s.
    2
  51658. The RE market has cracked. Down we go. The flood is here. You will see a level of panic none of us have seen in a long time maybe ever People will begin to have Zombie Apocolyse nightmares from here while they sleep. The big problem is no one will have currency and there will be no credit. We will own nothing and be happy And if you in FL are hoping for the canadians to come in and save you. you haven't been looking at the Canadian dollar lately. Not just broke but the currency is crashing. They are looking at 30% premium just to break even
    2
  51659.  @MichaelBordenaro  Good Morning. Happy Palm Sunday. You are so right!!😌 The beach with the warm sunny day temps and the oceans coming up on the sea shore and then going back out is so nice.
    2
  51660. Spring beards comin in nice
    2
  51661. Hey Mike, Do you want to know what I hate about this whole housing scam?, It's like dam if you do and dam if you don't. It seems the home buyer can never win in this game of home buying game, Ok so I've noticed when the prices of homes are high, the interest rates are low, but when the prices on homes goes down, Guess what? The interest rates goes up (8%), So how do we win anymore, Is the American dream of owning your home ,Becoming a dead in the water nightmare?.
    2
  51662. how do we do this again like gamestop??? Gre at idea to short this market
    2
  51663. He needs to remind is to like the video in the first few minutes not at the end!
    2
  51664. Why should I come to office to help local businesses? Am I their sugar mom? Will they give a crap about me if I need financial aid? Of course not! So why should I support them ? Are we now in official communist state or what?
    2
  51665. I would have to say that you're right got to be a housing crash and especially down in Florida as I'm from Miami and really for the prices the pay scale is not there matter of fact all of all over Florida
    2
  51666. Wow, you finally found a neighborhood with a nice sidewalk.
    2
  51667. Thanks!
    2
  51668. Thanks!
    2
  51669. Is there a link to this house to look up on Airbnb
    2
  51670.  @MichaelBordenaro  how can I find that house? What information can you share so I can look it up? With you making a video and it being a very nice place of course people are going to want to rent it also.
    2
  51671.  @MichaelBordenaro  don’t. They deserve it.
    2
  51672. Michael millions and millions of small businesses went out of business ,those people aren't counted as unemployed. They can't draw unemployment there fore they aren't counted just like inflation they remove food fuel things like that out of the equation to keep inflation number s down ,and they are getting corporations to lay off 10s of thousands of people so now they don't have expendable cash to buy things lowering demand bringing down inflation .they won't talk about repos defaults and foreclosures. It's all a lie everything is rigged against the middle class ,I hate to tell the millionaires if you don't have 100 million your middle class . This is gona be so nasty ,you better pick out a nice park or side walk where you want to live because food is going through the roof and your favorite brands won't be there you will eat out of plain lable cans ,this isn't a demacrat or republican thing ,they are on the same team .it's all theater. Sorry so long but it had to be said, these people do what they want ,they don't care about us your on your own
    2
  51673. The average American makes less than 100k a year ……
    2
  51674. You have a great channel, MIchael
    2
  51675. California coast from San Diego to San Francisco is pretty expensive because of the weather while Bakersfield and Fresno are cheap
    2
  51676. Hey Michael, I was wondering if you were going to mention people dying as a reason to sell. Just to add to that in between 2010-2030 aprox. 10,000 Boomers a day retire and go onto social security. I guess we can also expect at least that same amount of boomers will be dying also. This may leave a lot of homes behind.
    2
  51677. Yes, he mentioned that. Good point.
    2
  51678. Dear Michael: Happy belated birthday to your channel! I discovered it a couple of months ago and follow you daily, as I know your opinions are honest, contrary to many other I see online. Thank you so much for your videos!
    2
  51679. Does this apply to miami?
    2
  51680. If u have more than 35% cash in ir condo sell!
    2
  51681. Thanks Michael
    2
  51682. I clearly prefer you to walk the more quiet streets. Keep up the good work.
    2
  51683. WHERE'S YOUR WIFES WEDDING RING?
    2
  51684. Stop lying to us, Michael. The liberal media tells us everything is fine... 😝
    2
  51685.  @MichaelBordenaro  🤣
    2
  51686. Great Video. Now is a good time to sell compared to a future time, perhaps within the next several years.
    2
  51687. Great video.
    2
  51688. "they end up underwater" 😄
    2
  51689. The economy and the job markets. I don't think people are understanding how many people have left the job markets due to deaths, retirements, and other factors. I believe replacing these employees is fueling the hiring. People are switching jobs. Many people spent the pandemic improving their skills and starting businesses and taking side jobs as well. So many people have left jobs for better jobs etc. Over a million people have died from COVID and that is on top of the number of people that statistically die every year from whatever causes. You also remember many of these states raised their minimum wages. All these factors are at play. I agree the FED needed to act and act aggressively. The pandemic caused a unique set of circumstances and is still doing so. There is a strong job market because in some areas these workers are needed. DC/MD/VA are Federal employee areas with many professional jobs. These older workers are leaving like crazy here. They need to be replaced. I'll be one of them soon with my Florida dreams and no more shoveling snow. Selling these expensive homes here will allow many to move wherever they want, within reason. Warm weather states and states that are more tax friendly in general are going to get these new residents or snowbirds. South Florida and places equally attractive like it are going to continue to be in demand. Especially because most of these people are going to be cash buyers. Florida houses are still cheaper for people moving from certain areas, evening with your property taxes and higher insurance premiums.
    2
  51690. Greedflation, kind of like a bag of chips bloated with more air and less chips...
    2
  51691. Pensacola and most of North Florida has a much different culture and atmosphere than central and south Florida. North Florida is definitely more laid back and southern. Not much diversity (mainly black or white). Pensacola is country but still a nice size metro area. It has probably the most beautiful beaches in Florida. Amazing seafood, etc...Actually the entire Panhandle of FL beaches are breathtaking. I lived in Destin/Ft. Walton area. The beaches amazing. Awesome place to raise a family. Love North Florida and the cold winters. Miss living right on the Gulf. Welcome!
    2
  51692. I told people NOT to accept any government hand outs during the hoax Not one person listened
    2
  51693. Is it even worth coming to Florida to rent properties now days ?
    2
  51694. Love the video, thanks for posting!!
    2
  51695. My favorite real estate bros.
    2
  51696. 9.5 years ago I paid out $280,000.00 cash for my place. (80536) And over the last 9.5 years I paid out another $220,000.00 cash for materials and outside labor on improvements. And during that time I clocked in 18,240 hours of my labor on improvements. So, @$18.00 per hour, that comes to a total of $835,000.00 for a sales price, if I can get it. I have heard it said that 95% of all millionaires made their millions in Realestate. I don’t get it. How did they do that? Oh wait, they must have charged a tad bit more than $18.00 per hour for their labor? Conclusion? I choose the wrong profession? Pencil pushers make way more money than grunts do?
    2
  51697. Love your videos! Your a amazing realtor not to many like you in here Northern California wine country 🍷Realistate is so high here, so glad I bought 30 years ago ! I’m not moving till they carry me out feet first !
    2
  51698. I see more homes for sale but not really on sale in Vegas..waiting! visited a few new home builders sales offices.. they looked at me like I'm crazy when I ask about any canceled contracts or standing inventory. They showed me home plots on the wall saying see we're all sold out buddy.. sign up on the waiting list or scram lol.
    2
  51699. Thanks Mich
    2
  51700. Michael Bordenaro im currently living in Ct
    2
  51701. I'd be fine with a 40 year mortgage... If I expected to live to 120 while happy and healthy.
    2
  51702. Although I believe there will be a correction not a crash one thing to factor in is that there is a shortage of housing. Why is this. First of all folks between 80 and 85 are the fastest growing population and they are staying in their homes longer due to the high cost of independent and assisted living. What does that mean yes less houses. Also home builders have not been able to keep up with demand. For these reasons desirable areas such as Fort Lauderdale, Delray Beach, Long Island, etc. will always stay strong as there is limited supply. Many of these buyers by for cash as well so interest rates don't have much of an impact.
    2
  51703. Property and income taxes should be illegal.
    2
  51704.  @MichaelBordenaro  Apparently if you would have driven by and mentioned the Target and hospital they would have been much happier. 😄 We've official learned through this video people are very concerned when you don't mention their chain stores that are within 20-30 minutes of driving. Lol Live and learn Michael! 😂
    2
  51705. Thank you for the great explanation and advice! So great to see honest thoughts. I am planning to wait a couple years to purchase. From your experience, do you expect to see a correction two three years down the line? I know no one can time the market but just curious from your experience. Thanks!
    2
  51706.  @MichaelBordenaro  Thanks so much! Last question, would the same be expected if I want to build a house vs buy one in inventory? Which is a better option? Thank you!
    2
  51707. Great video I am raising my rentals payment on Jan 1,2023 $200.00 a month . More renters than property rentals in my location better locations, clean, safe , schools, nice properties bring in top bucks ! keep doing what you were cut out to do. fed rate killing people MSM freaking out all BS.
    2
  51708. It was hard moving out when I went in the Air force at 19 in 2017. And went to Arkansas in 2021. Now I'm leaving home again here in the heart of California right after Christmas, at 25 years old now, I am moving to New Smyrna Beach FL. And maybe moving to Florida will encourage my Mom to move to Florida even more.
    2
  51709. Travis,YOU earned a new FAN.Thanks and GOD Bless you,Mikey.😊
    2
  51710. We will celebrate our birthdays together 🎉
    2
  51711. I work in IT and your subscribers story has been effecting the IT industry pretty hard as well trying to take advantage of people getting laid off. Interesting times ahead.
    2
  51712. If the video is too long for the time I have, I always come back and finish it. 20 minutes is about right.
    2
  51713. Why would anyone thinking of selling sell without proper marketing in this euphoria when the seller dictates the price and terms? I'd rather pay commission as long as I can get the top price.
    2
  51714. Thank you, Michael, for shareing that story of a listener that moved to PC. The manipulation of the economic chessboard is hitting the middle class very hard. We were at a major art festival in Cocoa Beach yesterday, and took the time to chat with a number of the artists. This was a high end show. Truly fabulous works of art for sale there. The artists (from all over the country) told us the same thing, "There is a large attendance....but sales are very slim".
    2
  51715. I loved your video and plan to visit some of the beach areas. I already live in Florida but always looking for new places to visit. The prices in all these places have probably doubled during the past year. Thank you for the information.
    2
  51716. San antoino home insurance for mom went up from 1200 to 1700 Allstate.
    2
  51717. I pay around 80k a year in tax I hope they use it to pay off someone's degree in gender studies 😂😂😂😂 fml
    2
  51718. Mortgage interest rates are over 6% average today, Saturday October 8, 2022.
    2
  51719. Still traveling. Going to my home in France.
    2
  51720. Mike, Congratulations on your sister's wedding! Superb content
    2
  51721. As soon as rates go down, Wall Street and banks will be snatching up those low interest loans. They will default, hold out their hands, and get another trillion dollar bailout.
    2
  51722. I'm looking to find a real estate investment that is as safe as that one long stray white hair on top of your left shoulder. : )
    2
  51723. People buy houses they can`t afford, then later foreclosure hit hard.
    2
  51724. Since 2008 the fed has rigged everything. I think that energy inflation will be coming back and crushing the Ponzi scheme. Just wait until people start selling Treasuries to run back into markets. You know the long term trend leads to disaster.
    2
  51725. Im in a jobs related market they are putting the hammer down its gonna be bad after november🙄 get ready they are hiding true numbets be prepared.
    2
  51726. the question is often buy or don't buy. well, you can probably count the times waiting saved you money, on your 10 fingers. the rest of the time the earlier buyer wins. because house prices go up. always have.
    2
  51727. hey Your getting to be a regular like when I watched I love lucy 30 years ago.haha
    2
  51728. "Deferred maintenance" - Credit Card debt is equal to Deferred Maintenance; unfinanced Medicaid is equal to Deferred Maintenance; underfunded pension funds are equal to Deferred Maintenance; poor infrastructure is equal to Deferred Maintenance; budget deficits is equal to Deferred Maintenance; a crumbling education system is equal to Deferred Maintenance; unfunded tax reductions are equal to Deferred Maintenance. The US political system is so shortsighted and obsessed with virtue signaling and moral grandstanding rather than tackling actual policy issues that the whole country is under "Deferred Maintenance". As with condo associations and condo owners this is going to come back and bite you all. But hey, I guess living within your means is less important than preventing people from saying "gay" ...
    2
  51729. I prefer the glasses. Your eyes are too intense. Haha. Save 'em for that special person.
    2
  51730. Home prices are dropping quick
    2
  51731.  @MichaelBordenaro  Yes, I've done that, it's about $25/day, if you can find a spot. Many of the spots in the city parking garages are pre-paid spots reserved for residents. And it's a hassle rolling your luggage 5 blocks to/from the hotel and garage.
    2
  51732. An increase from five dollars to seven dollars for the cheese sandwich would only be a 20% increase if the sandwich only had 40% less cheese in it……
    2
  51733. Yes I am doing okay. Always striving for more to live above normal in southern cal. If i lose my job doubt my savings would last long with high cost of everything tho.
    2
  51734. Southern California looks really nice ...
    2
  51735. Eggs down over 20% I CALL BULLSHIT. Last year eggs were 1.29 a doz out here in Vegas. Now they are 3.99. Fucking lies!!!!!!!!
    2
  51736. Based upon that chart; are you saying rent is cheap relative to home price?
    2
  51737. Those that have never flipped a house have no idea how to do it. The $1M flip numbers include holding cost (taxes, mortgage, insurance), self employment tax, renovation costs, closing cost and plus a whole bunch of sweat. By the end if it closes the costs and taxes will eat most of the profit. I would rent it out, BRRRR and wait for at least a year to sell. A better idea is lease option and money up front. Recharacterize other investments, take a huge passive paper loss and dump that house on a time frame with tax benefits. Flipping is for newbies with no capital.
    2
  51738. We tried bidding for a 375k house in Wesley Chapel,FL and we offered 400k for it. It still wasn’t enough. Our agent tried to encourage us to bid 425k for it. We are still hoping to make our move this year :/.
    2
  51739.  @MichaelBordenaro  Thank you Michael! We are still looking and hoping!
    2
  51740. I see a push on the single story housing market
    2
  51741. The greatest crash of all time👊👊
    2
  51742. TGIF!
    2
  51743. There is no advantage to selling in this market. If I have to relocate for work, I'd keep my home and hire a rental company to manage it as a rental. Then I will buy another house with a VA home loan wherever I decide to move.
    2
  51744. Michael Bordenaro yeah I thought the same thing. How about Florida? I know that you guys have expensive houses as well.
    2
  51745. I was just now looking at old homes in coral gables. I feel like this video was made for me!
    2
  51746. Was by the water all day today! ☀️ 🌴 🍊
    2
  51747. 🐜 do you have a termite problem there with all the water?
    2
  51748. Since 2019, there has been a quiet unction to get out of debt; spend wisely & reduce spending on non essentials. For items of value that will yield a sense of stability like survival items in the event of emergency & items that may need to be stored for long term use, this type of spending may be in order. Investments will need to be correlated w/ the times. What is the forecast for the future that may assist us in making sound investmebt decisions today. Just a thought.
    2
  51749. I like the cooler temps...looks nice
    2
  51750. I grew up in the area, so I've visited Muir Woods many, MANY times. It's beautiful, but it's not reality.. I.e., you certainly can't live in in Muir Woods. It's a gorgeous place to visit, but the cost of living (in Marin County) is astronomical. If you're independently wealthy, Marin County is wonderful. Otherwise, your life will be consumed by bills. I'd rather live in a cheaper area with a "buffer", so that ALL my income doesn't go towards paying bills. It's more important to me to be able to afford some niceties. Mike, I know many people ultimately aspire to living in CA. Sure, it's lovely in CA. But it's EXPENSIVE. Be careful what you wish for. I'm living in both places now (CA and FL), but I think I'll eventually settle permanently in FL.
    2
  51751.  @MichaelBordenaro  Yeah, it's becoming too costly. California property tax is getting out of hand. It's only about 1.2% (when you add all the added local fees/taxes to state taxes), but the price of CA real estate makes that 1.2% very expensive. Also, just maintaining two households is expensive. Anything you're paying for one house (electricity, gas, maintenance, repairs, etc) is doubled. I guess I could rent out my homes when I'm not there (i.e., short term rentals like AirBnB, VRBO...), but I don't want strangers messing with my "stuff". Per my calculations, it would be cheaper to just rent a place in CA for a month or two in the summer when Florida's heat and humidity become too oppressive. I'm gonna give it 3-4 more years then make a decision. CA is certainly wonderful -- the reason so many people live there. Beautiful, great weather and so much to do. But (typically) people's income decreases as they age and CA can just become too expensive a place to live in retirement. You're a lot younger than me, so bi-coastal living might work for you while you're in your prime income years.
    2
  51752. Thanks Michael
    2
  51753. Loved your interview being on your friends real estate mindset podcast. By the way, what equipment are you using? Your footage is very good for vlogging!
    2
  51754. I have two houses both mortgage's combined are less than some of the rents out there. Not seeing any price drops in my area.
    2
  51755.  @MichaelBordenaro  It's a good thing. Dan runs a really good channel. Just can't believe how similar your styles are!
    2
  51756. I tried to negotiate a price selling my house years ago, and no agents would sell it for less than the standard set price.
    2
  51757. Crashed in '08. Borrowed time at 4am & the punch bowl is running out
    2
  51758. We now live in a socialist country. Voting is basically an illusion anymore. It’s government of the people, by the politicians for the special interests aka the deep state. Wake up people.
    2
  51759. ....and then the end will come." Matthew 24:14
    2
  51760. Great video..I agree with pretty much everything you said. I’ve been in the game since the age of 28 now I’m 61 with 3 single family home rentals owned outright. It’s forever money and for myself using property management has been the key for my own success. Pay them down down is the only thing I would add so you know you’ll always have a roof over your head.
    2
  51761. GREETINGS FROM PALM DESERT CALIFORNIA MICHAEL 🏜 😎🌴
    2
  51762. Remember 2008 Foreclosures Arms
    2
  51763. Hey Michael, hope all is well. Yesterday I spoke with a realtor in my neighborhood and he talked about a condo that sold 2 weeks ago for $424K when one was selling for $465K and another that was selling for $485K (OpenDoor bought it for $453K) which is identical to the one that sold for $424K. The one that sold for $424K had at least $40K in upgrades, yet, they sold below market value. I nearly told him that he was talking to the guy he’s complaining about. Hahaha Damn, I should have told him that I was the guy who sold at ACTUAL GOING RATES. Thank you for sharing your videos… P/S, my plan is to move to where my relatives live, Palm Coast in February of 2024.
    2
  51764. When the currency collapse continues, money which is Gold/ Silver, will be taken at your Grocery Store, as it has for most of the last 6000+ years of history. Only in the last 70 years or so, have the Bankster's convinced you to believe that fiat currency can be created out of thin air and be considered money. Silver will outperform Gold and you will be far ahead of the Bankster's game if you simply do what the Bankster's are doing.
    2
  51765. You were better off staying in the 4k rental house.
    2
  51766. I use cash only. Only buy what is needed. Started buying store brands and shopping at Aldi's. Told family please don't buy me anything for Christmas.
    2
  51767. Preach 💯
    2
  51768. Someone please tell me what I'm missing...Everyone refers to "air b&b homes" as if it's a club or entity. It is not. It is an advertising medium. That's it. A place to list your home, townhome or condo for rent. No different than listing it in a newspaper. Please fill me in if I am incorrect.
    2
  51769. Once rates go above 8 or 9 50 percent correction
    2
  51770. Liberty, Liberty, Liberty? Are they letting Emu go, or Doug? 🤣
    2
  51771. My wife went and bought the ingredients to make a dessert. Cost $35. I was beside myself and told her that's insane. Buying a premade dessert is a lot cheaper.
    2
  51772. VERY GOOD financial info, dont let that bite you in the you know what !
    2
  51773. Hello Michael , one of Favourite films is Margin call ,also the Big short , great stuff :}
    2
  51774. The Biden administration is afraid to call it a recession because people will stop spending and cause a larger recession/depression.
    2
  51775. i would not leave miami for cali ever. If you're looking for mountains, hike, bike rides or explore while never losing the climate or beach, then you might like puerto rico. Its a natural beauty. But still, i'll stay in FL
    2
  51776. A.I. girlfriend 😂 Joaquin Phoenix, Her
    2
  51777. What goes up must come down!
    2
  51778.  @MichaelBordenaro  That would be wonderful.
    2
  51779. I live in the Seattle area and yes I see those price cuts in the listings. Some of them are on the market for more than 60 days now. But these are all the expensive ones. Even with the price cuts they are still way over priced and do not reflect the actual value of the property. I also see a lot of "back on the market" listings. If I were a buyer here (I'm not and unless I win the lottery I never will be in this lifetime) I would wait at least a year until prices crash to the bottom. Just wait until the tech industry really starts the layoffs, then all the people who overbid and bought for astronomical amounts will have to sell and move the hell away from here.
    2
  51780. I think HELOC is good for small businesses that needed a quick loan to help their businesses to turn around and meant for short term turn around. It was absolutely necessary during the pandemic. We saw so many businesses that foreclosed. I really don't think it is meant for average people to take out a mortgage to buy house and go into debt. Anyone thinks that they can live off of low HELOC, is absolutely insane especially with interest likely to go up again, or by anyone who is likely to loose a job. I am often baffled by people who take on these unnecessary risk that have no reward... OK, short term enjoyment, but why?
    2
  51781. Ridiculous and Unheard of…for sure. Oh my Soul and Body.
    2
  51782. Rents are not coming down in Utah either.
    2
  51783.  @MichaelBordenaro  We'll just have to agree to disagree, and watch the national median home price over the next few years.
    2
  51784. The only thing that will fix the Real Estate market is for the government to butt out. The reason its all screwed up is because the Real Estate lobby is the biggest lobby in congress, they bribe the congressmen the most. Blieve me my friend you don't want more government in anything, not just real estate, Reagan said "Government is the problem" he was so right.
    2
  51785.  @MichaelBordenaro  very nice area 👍
    2
  51786. nothing mcdonalds sells costs them more than 50 cents, its almost all made for pennies and they have raised their general suggested prices not because of food costs but to offset forced wage growth and security concerns and insurance costs in democrat run cities.
    2
  51787. You hit the nail on the head. You are a honest guy.
    2
  51788. Hahaha. Thanks. Yes, there are some things missing in that home. It is missing a few attractive things. But you are about that Plus Million Dollar neighborhood. Thank you for the tour.
    2
  51789. Thanks. It has slowed a little bit here with it be only 29 degrees, I do keep hoping to move to a warm climate. I do!! Haha...lol
    2
  51790. Is this filmed on a iphone with the DJI osmo or the VLOG Pocket 3 ?
    2
  51791. You look good in regular attire lol. I was shocked no glasses or tank top. Once again a great video. Your getting good at this
    2
  51792. I live here , lol , and love it , quiet big houses and yards , cheap prices compare to Miami , or a good neighborhood down south , st augis is not that far , 28 miles , 30 min , I work there and do it everyday , anyway great videos always
    2
  51793. Walking on concrete is way easier than the sand Michael but great shots of the beach maybe you should do a night show sometime in the night life of Miami
    2
  51794. Helpful, thanks
    2
  51795. Brother you are brilliant. Seriously. I had 2 close family members that didn't make it to 60. Sad, I was a little smart and VERY lucky and was able to retire early recently. Luckily, I'm healthy now... You never know though!
    2
  51796. I have to agree with that!!
    2
  51797. Retail banking jobs will be cut next
    2
  51798. Making big financial decisions from a position of panic or fear is never a good idea.
    2
  51799. I know so many people borrowing against their homes, to cover insane amounts of medical bills and prescription medication otherwise not covered too much by insurance or not covered at all. :face-purple-wide-eyes: Unreal times we're living in! 🙀
    2
  51800. We're good
    2
  51801. Get used to it 3 years ago I had a property in the foothills of California have my fire insurance Cancelled after 40 years of faithful paid premiums and not one Claim. I just closed escrow in July 2022 sold the property. The end of what is fair and equitable. 😢we the people are getting screwed by corporations who only care about their investors.
    2
  51802. I moved to Fort Lauderdale 2016 I couldn’t take the heat anymore moved to Virginia Beach 2020 .summers aren’t as long moderate winters and the A lot less traffic and I still have the beautiful beaches. I would move out west in a heartbeat beautiful.
    2
  51803. You can’t help but having sadness on your mind throughout the day. As you said, Michael, these are your neighbors. And then there’s the media coverage … several times a day. It’s on tv. It’s pinging to your iPhone/iPad. As far as high rises … lived in one once. 11th floor oceanfront. That cured me. Never again. It was like living in a hotel. 👎🏻. What gets me is you look at Miami Beach/Miami new construction of high rises and they’re building higher and higher. Wouldn’t catch me in one much less convince me they’ll withstand hurricane force winds. 🤨 not to mention a fire … I don’t want to be trapped on the xx floor of a burning inferno. I’ll take a townhouse or 3 story condo building but for my temperament and sanity it’s either a single family house or a townhouse. P.S. it’s now surfacing to light that the Condo Board was notified 3 YEARS AGO when they had their building inspected that there were MAJOR DESIGN/CONSTRUCTION flaws and to fix them would be a price tag of $9 million. The Board chose to ignore it. 🧐
    2
  51804.  @MichaelBordenaro  … all any of us can do, Michael, is send thoughts of compassion, empathy, and support to the surviving families and give gratitude every day for our health, food on the table and a roof over our head because to many those are a luxury they only dream of. The Universe is sending us powerful messages to change our ways (look at this situation, the unprecedented heat wave in the Pacific Northwest, etc) before there’s no turning back. Do not fret my friend. As you sit on the beach at sunset, be in tune with the Universe and in humbleness ask for guidance to point you where to where the Universe wants you to go. We really only have today and when we get up in the morning, we are told to enjoy the moment for the rest of the day isn’t promised .. only this moment 😉 👍
    2
  51805.  @MichaelBordenaro  thanks for give me information but ganisville have a job opportunity
    2
  51806. I don’t know if I could live there, but it’s great to visit. I live in Dallas, Texas. People think it’s super hot and unbearable here year round. It’s like that for about 3 months. The rest of the year is great! I’m the winter, we have cold periods, but it’s never consistent. Total time actually cold is about a ~month scattered throughout the winter. Miami seems to be consistently hot and humid.
    2
  51807. Is the State of Maryland housing the same as Florida? In the way, prices go up or down? This year they raised my property Taxes because they said my home is worth $60.000.00 More I don't think the prices are going up and I guess if prices are going down now do you think they will adjust the taxes next year or do they never come down on taxes if your house value goes down! If I know the Government I doubt they will!
    2
  51808. those Miami home prices are inflation, ditto everywhere else
    2
  51809. there is no way the economy of the United States will survive if it regulates real estate, that would trigger a flight of foreign and domestic capital due to fear of regulations,foreign stock investors will just drop/sell shares in fear of losing their money on government hands and home values in south florida will just SINK and america would go bankrupt and be the next soviet union of the 90s, remember america It is prosperous and rich, due to the freedom it offers economically speaking.
    2
  51810. We're riding with ya.
    2
  51811. Well said!
    2
  51812. bitcoin just fell off a cliff.. about to break 15,000
    2
  51813. Michael, I’ve been reading that there are a lot of scams going on where people are stealing homes that are paid for by forging a title. Does it offer any protection if the house is in a trust?
    2
  51814. A majority of the buyers on the market aren't families.
    2
  51815. BIG BIG Kudos to you
    2
  51816. they sweeten the deal to get people to buy :face-blue-smiling:😂
    2
  51817. BE AWARE,, Texas will see a huge drop on new homes prices,, but there are hidden costs. Texas has to completely rebuild it's electric grid and guess who will pay for it, the home owner. Also just like in 2008 there will be huge half built home communities in Texas,, you can buy a finished home there cheap, but people will be coming in at night stealing the copper pipes, kitchen cabinets, no sidewalks, vandalizing, homeless people moving in,,,, there will be water and sewer problems and law suits for years,,, try getting a sewer problem addressed when everything is tied up in court for 6 years,, just like 2008. So look at the big picture and also look at the problems from 2008 to avoid a money pit
    2
  51818. Congratulations on your Marriage… God Bless and Good Luck, many Happy Years together! I love your You Tube Always very informative… keep up the, HONEST AND REALISTIC INFO! The BEST! We are, SNOWBIRDS, go to Gulfcoast each WiBree…love it I am not sure I could live in FL. 24/7!? We live near DC.. Thank God for our new Governor Youngkin!!!! Love, Governor DeSantis.. the Best!
    2
  51819. Wow! Mike bombshells - best of luck my brother
    2
  51820. My hair products doubled in price overnight like most health and beauty products. I'm a girl, so I pay attention to these things. I think it's greed .
    2
  51821. Though sobering, we need high dosages of truth & reality, now more than ever. If we don't embrace truth, we will be among the orchestra, who played through the Titanic's conclusion. May we all live a sobered & intentional existence based in REALITY. Thank you Michael.
    2
  51822. This crash is just now getting started. we are nowhere near the bottom.
    2
  51823. Mick & Jack attack 🔥
    2
  51824. In this environment, risk is even riskier!
    2
  51825. Usda loans depending on location, the rates are still at 3%
    2
  51826. RV and Van Life is the thing for many who are looking to save money plus have a roof . The Housing Market is just ridiculous at this point .
    2
  51827. Miami beach? My great aunt saw Miami beach with nothing on it but sand.
    2
  51828.  @MichaelBordenaro  To think no one owned the land at that time except the state of Florida. We joked to her that she could have been a millionaire had she bought some of it back then.
    2
  51829. Take out a loan…against your home…to get married 😟. C’mon man!
    2
  51830. Great video again Michael! Thank you! It seems my dream to move to FL is dwindling slowly. Just waiting out the storm, as they say.
    2
  51831. One guy said he made one million dollars from making videos on YouTube
    2
  51832. The number one issue with the middle class right now is inflation destroying their life savings. The Fed is senseless at this point in history. The small interest rate increases are meaningless. Any chance of doing a few videos on what can be done to prevent some of this?? You seem to have been born with a wealth of knowledge. (spring chicken).
    2
  51833. You have such nice backgrounds in your videos that I start to want to move to Florida ♥️
    2
  51834. If the folks in that building can grab a good payout from a developer right before a potential market crash that would be a lucky situation. The problem will then be finding ocean front condos at that price again!
    2
  51835. I would have answered that I live paycheck to paycheck....as I invest the rest. Don't read too much into those surveys.
    2
  51836. Was that a huge gorilla statue on that balcony?
    2
  51837. Mr. Bordenaro, you are a go-to-guy for knowledge. Thank you for your work.
    2
  51838. Very refreshing to get an honest upfront on the money opinion 👍🌴🏩🙏
    2
  51839. I want the highest rate possible and I'm a millennial. =/
    2
  51840. Sorry just don’t see that in NE, still selling single family homes for over asking, had a realtor appraisal, she told us, she has a list of people looking to buy in our neighborhood, In NH only 1,700 for sale out of 598,000 homes 😳
    2
  51841. Hi. I'm a big fan of your channel. Keep telling the truth. I hope you come to PHX and do your stream
    2
  51842. Your not wrong though utah only use 18% of the Colorado but still. There saying the great salt lake may dry up soon. An that dry river bed is keep toxic particles from being air born. Our water store is really low. We have some rich wanting to build island on utah lake and kill off 2 endangered fish and our state fish that call that lake home. As they want to dig up that lake and make it deeper. Like sadly alot of California ideas came here and we are screwed with so called republican who are actually people who suport big companies first and not the people. A lot of utah have cut back on water however golf course and state parts and such will water there grass in the middle of the day. But any one owns a house it's a 1000$ fine. Like logic 🙃 welcome to the world of stupid.
    2
  51843. 100% low purchase price! You can potentially refinance a high interest. But you're stuck with your purchase price.
    2
  51844. Mean reversion! Price usually revert to its long term mean! I believe housing prices will to. And this reversion is going to be big because we climbed too high too quickly!!! Prices don’t go to heaven and they don’t go to hell!
    2
  51845. You do good work for sure. Have you considered doing live streams? I think it'd be a fun format for you and that you'd do a good job.
    2
  51846. It would help if you could say where these new construction are located. Please make that video showing us where these houses are. Thanks
    2
  51847. The reason why those home is cheaper because of the location and not in good school zone, also, the ceiling is quite low, new home with high ceiling tend to sell more because it felt more space and freedom instead of feeling being caged inside.
    2
  51848. It is absolutely unbelievable that they are robbing poor hard-working taxpayers to give freehousing free education free health care free food and now free money to people who came here illegalreally. $250 a week that's $250 a week that's a s*** ton of money. Do you know how many groceries I could buy for $250 ?
    2
  51849. Sitting back and waiting
    2
  51850. Wtf?!?! 93? The American Government is the Enemy of the people.
    2
  51851.  @MichaelBordenaro  I am thinking with the fast pace of the way things develop these days it's more a challenge than ever what is or what could be a desirable area. For example, look at the Map future area's where people have to relocate due to Heat, Fires, Flooding or Water shortages. Realities of the time we live in.
    2
  51852. Good analysis
    2
  51853. As long as Wall Street owns tens of thousands of single family homes since 2008, most people will be pushed out of the market. The property value is way overvalued and any equity that one may gain after 30 years is already built into the selling price. If it’s not regulated the poor will eat the rich
    2
  51854. The Fed's constant intervention has basically destroyed the productive sectors. Instead of investing in R and D companies just borrowed cheap to buy back stock. Farms and factories have been demolished to make way for housing. The fed is coming back with QE but as you said the results will be wildly destructive in an even shorter time than ever!
    2
  51855. We just moved to palm beach county about 3 weeks ago and are full time rv living until it’s affordable to buy. Thanks for being a source of information 🏡
    2
  51856. Merry Christmas🎉🎉🎉
    2
  51857.  @MichaelBordenaro  ok Michael. Thank you for your response.
    2
  51858. by the way, i dont know if this is worth a try. But I was gonna ask personell at my job for an employment letter that I can forward to company that renting the apartment I want to rent. I was told that helps. what is your opinion on that Michael?
    2
  51859. Do those 5 firms buy them to sell or rent? I know Atlanta and Phoenix have a ton of that.
    2
  51860. Also the income levels are going down since 40 million illegal aliens are getting work visas.
    2
  51861. Your video's are so awesome! I've been watching many presentations on Florida and yours are far superior in pace and content. Thank you Michael.
    2
  51862. tech analysis sez it will take 8 qtrs just to break even (2 years)
    2
  51863. Oh my Gosh
    2
  51864. So is it 2007 again
    2
  51865. Great info as usual thanks Michael!
    2
  51866. The Biden administration lies about EVERYTHING. They are lying about the unemployment rate. People that have given up looking for a job are not counted. They revise the numbers in a little blurb next to the obituaries stating they were off by about 100,000 almost 50 percent. They never tell the truth about anything.
    2
  51867. I just moved from Colorado Springs to NW FL last summer...I miss it, but they are turning it into California SMH
    2
  51868. That house is only worth 850K max, good luck
    2
  51869. Thanks!
    2
  51870. And , and , and ,,, you win the lotto. 🤣😅😅🤣😅. Mortals cannot afford what's out there..
    2
  51871. The problem I have with Gold Michael is in the past like Real Estate and Stocks the biggest hedge funds have been fined for manipulating gold. Can't trust anything anymore!
    2
  51872. Where's JACK!!
    2
  51873. And it’s much better to virtually stage your house. If it’s done, well, you can hardly tell and you can change up the furniture at any time. Best of all, it’s a fraction of the cost of real furniture.
    2
  51874. awesome video thank you.
    2
  51875. Been a fan of them for 35 years, saw them in ‘92 & ‘17, they have not lost a step live.
    2
  51876. I see a trend towards rooms for rent in SFH's.
    2
  51877. Yeah but 20% crash from scary unaffordable is still unaffordable. You'd have to look at areas where houses are more reasonably priced, right?
    2
  51878. I heard a good portion of the jobs report were part time jobs. Can anyone confirm?
    2
  51879. Not a big gan of EVs either. But consider this; EV technology is still in its infancy with lots of negatives. But where is this technology going to be in 10 year? Perhaps by then you'll want an EV?? Wait and see...
    2
  51880. HI Michael, that you both for the incite. I am still not completely sure that it wont be a bigger impact that we actually expect. After 40 Years including 2008 and others, I am myself expecting more issues that we expect.
    2
  51881.  @MichaelBordenaro  Well thank you
    2
  51882. It's not letting me give you a 👍 up (like) I don't know what is up with youtube lately
    2
  51883. The most WOKE and inaccurate reporting is done by the mainstream financial press. And they do it on orders from above, to cover up things like the impact huge commercial office vacancies are having on commercial mortgage backed securities and loans by banks to office tower owners. The banks haven't written these loans down enough. Or even at all. These are volatile debt instruments. And the mainstream press all denied even the possibility of a housing crash. Due to orders from their WOKE bosses. The NYSE traders have not been through a protracted bear market and are generally less skilled and intelligent then their predecessors of decades ago. You can't even rely on the DOW to give you an accurate picture of the market. Due to absurdly high levels of irrational exuberance. I only watch financial analysis from Youtube presentations and hopefully Youtube isn't censoring anyone with the best data. Michael's channel is fantastic.
    2
  51884. The lavender flower is a Plumbago, the other Bush Vine is a BougainvIlla plant.The Palm with the vine on it is a philodendron, and the Tree after it is a Orchid Tree.
    2
  51885. Where are you walking?
    2
  51886. 6000 month rents in Sarasota not even on the beach, lots of greed, not going to last, not enough people with money to afford what’s being charged
    2
  51887. 💯💯💯👍👍👍
    2
  51888. Is this an "iallegedly" spin off channel.....🙄?
    2
  51889. Michael it's because people get driving license early and cheap in the life.In Germany,in Netherlands getting driving license costs you a lot of money,many driving lessons with driving school and high fines.So people very disciplined on the roads
    2
  51890. Pacific Northwest baby
    2
  51891. I trust Suze Orman as much as I trust what's coming out of Biden's mouth. Hi Michael. I love the blooper reel. LOL
    2
  51892. you got a steady hand with that camera, I was watching the shadow.
    2
  51893. Happy Gilmore's grandmother...The FED can't ever not try to get inflation to 2%
    2
  51894. I like how you did the price comparison and you use the screen capture. informative.
    2
  51895. I think jingle mail is going to be the most popular gift that the banks will receive this Christmas.
    2
  51896. Would love the cruise!
    2
  51897. My auto loan is fixed rate, i would have never signed the deal otherwise.
    2
  51898. This guy is really really sharp!!! Xlnt Xlnt Video!!! I'm a licensed real estate Broker of 42 years from Laguna Beach, Calif. Thanks, Mark
    2
  51899. I would love to see a Florida market video as well! I’m looking for more insight into Miami.
    2
  51900. beautiful place this time michael. i was just up that way for a couple weeks. gotta check out cincinnati! it’s gorgeous and walkable too
    2
  51901. Thank you Michael. We always can count on your Brutal Honesty. I serious too many YouTubers have Rose Colored Glasses on or worse their heads are in the sand.
    2
  51902. The accident will surely change the construction maintenance law of HOA , and people will be safer by having more protection from their owners in the time to come . The older the buildings were , the more maintenance work should have to work on ....
    2
  51903. For context, wage growth today is triple what it was between 2010 and 2014. It's not enough to sustain 20% valuation increases year-on-year, but it is still significant wage growth. If employers are paying more for labor, they're going to raise prices for their products. If goods cost 20% more, people demand higher wages. There is a connection between inflation and wage growth.
    2
  51904. 👍🏻
    2
  51905. Now State Farm has pulled out of CA and will no longer be writing new home owner insurance policies. Many are stuck with the CA "Unfair" Plan Act that the state offers for CA fire insurance. 😖😖
    2
  51906. Big furniture company went bankrupt in North Carolina, Probably because they can’t compete with Chinese slave labor. Our leaders did this, we will all be very poor soon
    2
  51907. A quick thought on your statement about Floridians having high confidence in their future is strongly supported by your Governor DeSantis. Florida is blessed with the best governor in the country and people in blue states are living in horror watching some of their governors go full on totalitarian while DeSantis is defying the marching orders of the WEF and their conquest to deploy medical tyranny and woke ideology.
    2
  51908. They ve been saying 50 points in december since september. Nothing has changed. More pain to come.
    2
  51909. What color is the water in St Augustine
    2
  51910. I like Lover’s Key and Barefoot beach way better than Sanibel.
    2
  51911. Very good show
    2
  51912. Crash is on in...Oklahoma! My market is not like CA,AZ or FL thank God. A lot of economic indicators are the worse ever!
    2
  51913. Should've known they'd do something about remote working! I was just thinking about this this morning!🤣🤣 Covid showed these companies they could do without leasing all these office spaces and save some money by employees just working at homes from laptops. Downtown San Francisco is a ghost town during the week, sure that's true of N.Y. and other metropolitan cities as well.
    2
  51914. The inflation reduction act will reduce inflation by 0.1% by 2030. Numbers generated by the most premier business college in the country. This paid off donors and unions. It will also pad their pockets. That’s it. The Biden Administration is the most criminal group of people to ever serve. A bunch of crooks.
    2
  51915. Michael, historically how long does it take for the Fed to pivot on interest rates?
    2
  51916. 15:00 That's what they call an "over built" house! Being the only nice house in the whole street while all the neighboring home are "cheap"
    2
  51917. So Hi We use to live In Winter Park Florida in 09/10 and we loved it just outside if Orlando but last month we took our 3 boys back to our "Favorite" Island in Florida for my Son's 18th B day and Graduation gift since we canceled his parties.. It's ANNA MARIA ISLAND!! We flew from Sacramento Airport to Tampa.. Got discount on mew rental car and stayed on the Island. The food is not that expensive and rented an off Vrbo for $122 a night a little house with heated private pool. Just on south end of the Island before the bridge on Long Boat key. So we rented small boats with Captains private went sand dollar snorkeling and went deep sea 🎣 and to Egmont Key and saw Dolphins.. Went parasailing off Bridge street has small walk and a bar and an Oster bar and ate Breakfast with a Caribbean feel at 8am they close at 2 at a family run place called Jinnies & Jane best creme brulle french toast. U can rent mini cars or golf carts and families come from New York and Miami to stay a week.. So to me it's the Hamptons of Florida. Best place ever is called the Sanbar Restaurant on the gulf side almost the tip top of the Island. We brought chaira at 7 and waited & everyone watches the sunset and Sandbar wait to eat it 1 hr or so ao then we would get an appetizer and a drink and they have a game if u guess what time sun goes down u win a free bottle of champagne & have local paintings in there & hands down best fresh calamari we've had ever! But best thing ever to go to Bean point at 7 or 8am & see huge 6foot across sting rays & manatees u can youtube or Google which 2 streets are able to park amongst huge rental Mansion.. I can tell u also but Bean Point makes u feel like its the end of the world and the birds r amazing and guys fish early and the locals see the Manta Rays as normal.. But I noticed it's not on YouTube or online beacause they don't want tourists to know.. I found a House for sale if we sell ours here in Cali.. Found a job also but hubby not sure yet.. 1 hr south of Tampa and Cortez and Long Boat key and a beach called Beer Can Island are my fav.. Google it and I just felt at home on the Island and have see live music at Ugly Grouper restaurant. They have a huge metal artwork of him. They have a free old school bus if u drink to much to take u home and one thing we noticed is every single person we encountered was pleasant and nice!!! Wanting to move there or near in the next 3 years after son finishes Sacramento State or finish college there in Florida!!!! 🌅
    2
  51918.  @MichaelBordenaro  Wow.. You replied! Yes please go, it will become a favorite get away spot and the water is warm and the Grouper tacos at the Sandbar are better than the ones in San Fran... But the Manta Rays stole my ❤ and Passage Key. Good luck on your ventures and if I buy a house we will look u up. Sanibel and Cayo Costa are another love of mine but Anna Maria and Long Boat Key are unreal and a chill place to be!
    2
  51919. Neighborhood looks low income
    2
  51920. I've been watching for awhile now, and I don't know what you are talking about when it comes to news organizations claiming that the recession isn't happening..... that seems to be all they are talking about, when they aren't talking about Biden or Trump. What news sources are you saying are not talking about this? Where do you get your news from, because I watch everything, fox, CNN, msnbc, Newsmax, multiple different youtubers across the political spectrum, multiple online papers, and not one of them hasn't been talking about inflation, recession, or the risk to the economy and everyday people....... what you do is important but you shouldn't mislead people..... you should be saying that news organizations aren't talking about it enough or stressing how screwed up things are, but it is a lie to say that they aren't talking about this, because they are. Just some constructive criticism, keep up the good work, don't fall into the trap of lying to prove a point, it will only make you look like a liar..... which is something I don't think you want, and it's something I don't want people to think you are..... especially since your views and knowledge are needed right now. Do better but keep up the good work!!
    2
  51921. Love the content Michael! Come up to Broward County sometime.
    2
  51922. Reminds me of items on eBay….those who can wait and don’t really need to ‘sell ’price their item high for their greedy hopes of a bite. I see it listed with no bidders then see it unlisted. Wonder how many are listing their properties for greedy hopes and will wait until months on end to consider budging to cut their asking price….???? Precarious market times
    2
  51923. I found KIN insurance in Florida. Customer service is good, rates are good.
    2
  51924. Person keeps calling to try n buy my house. I’d get 2.5x what I paid but it’s an excellent area and I don’t have an hoa. Plus, they are building McMansions behind me, so my land value is sky rocketing. I wouldn’t be able to buy what I’m selling unless I waited till a crash happened
    2
  51925. I remember the year Florida had FOUR hurricanes in a SIX week timeframe. That was 2004. They were Charley, Francis, Ivan and Jean (Jeanne?). I remember heading home from work when we were expecting Ivan. I passed gas station after gas station that was either already out of fuel or had cars wrapped around the place. Finally found gas near where I live, but the pump was really slow and I got about 8 gallons. One good thing thing they did back then was suspend tolls on the expressways. I remember the advice one radio personality gave on how to keep your transponder from going off. You couldn’t just remove it from your windshield. You had to remember what Fonzie used to say — “sit on it”.
    2
  51926. They know like we already figured out that selling MBS isn’t gonna happen for two main reasons. 1. There are few buyers 2. Doing that e we I’ll finish off the economy which is politically unsavory.
    2
  51927. Confucius say....change is like dirty diaper....shitty but warm
    2
  51928. Great video, once again. Have you ever considered a hair transplant? Does hairline bother you? Would love to hear your thoughts.
    2
  51929. Is that home for 999k and 1.35mill on an inlet ? Either way those prices are ridiculous!! Those streets look like they need a good cleaning.
    2
  51930. I love both your shows, but guys. It's not gonna happen.
    2
  51931. Hello Michael. Thank you for sharing your feelings and your thoughts all of us. I’m really glad that you have a outlet like this. Jesus loves you Michael!
    2
  51932. Question. Are they. Going. To. Have. To pay. Ins. Plus. Taxes. On. That. Value. Of. The. House. Even. If it's. Paid. Off. I'm. Guessing. They. Would. Be. About. 100000. Annually?
    2
  51933. Live on the 2nd floor or above.
    2
  51934. Watching a video of am Italian expert (Giorgio Pecorari) comes out that, historically, the Fed have raised the interest rates above the inflation to tackle it down. What's the inflation now, 8.2? History will repeat, since the Fed have done this 5-6 times since the 80's
    2
  51935. Good stuff Mike! 👍
    2
  51936. I love your focus on the Miami market and the content behind you walking neighborhoods. I live in Miami too and hoping the corrections comes, the prices for homes have gotten out of control in Miami and honestly I don’t know how much they’re going to decline 😑
    2
  51937. Thank you for the video Michael. 😊 New spot. 🔥🔥🔥🔥
    2
  51938. Hi Michael very good honest review. To real estate agents defense though sometimes they don\ need to bring the client back down to earth and set more realistic expectations for them. Also agree with you about rent vs buying. I actually did much better financially renting since I was always house poor when i first bought. :(Also people need to realize agents commissions are higher with the more they buy / sell your home for so they have an agenda. Thx!
    2
  51939. HBD, although it was a long time ago. consider this HBD in advance for the next year! :D
    2
  51940. I thought the fed meeting was this coming tues?
    2
  51941. I've had a few visits to the Panhandle - Destin and Pensacola Beach - and am considering it as a possible retirement spot, but the winters are colder than I'd like.
    2
  51942.  @MichaelBordenaro  you nailed a key ingredient to being alone... one that is often overlooked... I'm glad you mentioned it because it is a very important thing to do and that is ... Stepping Outside Of Your Comfort Zone, thank you for reminding me because I had forgotten about that important key to being alone ...after being laid up for the last year or so with a MAJOR case of sciatica... it's so easy to just get complacent and stuck in a rut and sometimes you need something to remind you and inspire you.
    2
  51943. If people can’t afford property insurance, what happens to them when (not if) the next hurricane hits?
    2
  51944. wow, it's almost like if no one can afford a house it doesn't sell. whodathunk?
    2
  51945. Growth as the pure metric of success is by definition unsustainable, as we live in a world with a finite population and finite resources. If you're looking for the entire underlying cause of all of our economic woes it's completely tied to greed (growth at all costs) and until we find a more sustainable economic model we'll continue to go through these boom and bust cycles with bigger and bigger peaks and troughs
    2
  51946. the house is 100k. the land is 900k. unless you are making more fingers and islands in miami!!!
    2
  51947. I think modern day glamping is here to stay.might start a side hustle selling tarps.
    2
  51948. That’s crazy. 😮
    2
  51949. Really enjoyed your video! Love California like Florida beaches better. There is no comparison between the states. California is a State of Mind! Looking forward to checking out Redondo Beach mid November 2021 Stay safe 🙏
    2
  51950. I know we all have our own routine yes
    2
  51951. Right its so funny i like to wake up get my yerba mate and i get up later than you lol yes me too
    2
  51952. Yes we want to see night routine i was a 2 or 3 now its even later since i took leave from work crazy huh lol
    2
  51953. Thanks for the input Michael, and as always the gorgeous water views! I’m waiting for market to dip, saving saving saving, with the hopes to buy our next home waterfront in Florida!
    2
  51954. 🌴🌴🌴 Unfortunately the Layoffs will continue to grow which means a lot more people won’t be able keep up with their mortgages and insurance and that means that we who are paying off debts,saving money and getting our credit scores in order will have a lot more options of great deals.
    2
  51955. I really enjoy your videos mike. Your story is inspiring, I tell people about you all the time. Stay safe my friend!!
    2
  51956. I receive a just shipped email...i forgot to check the seller reviews which are BAD and am being scammed as i speak. I checked the sellers name and address and its a condo in canada that is for sale. skiping town? then amazon tells you to contact seller first before cancel/refund... so i contact seller and tell him to cancel my order and give me a refund or I will report him. He politely says dear blah blah sorry for the inconvenience ...will refund you within 2-5 business days. well amazon usually will protect me just knowing his reviews were psycho bad and I have proof of contacting this nut job.
    2
  51957. They raping Mobil home parks with obscene fees from hell . They have been doing it for decades. In Sarasota I checked out some there in the late 90’s. When housing crashes there will be a come to Jesus.
    2
  51958. Michael, what a beautiful area. Is this the part of the Great Loop that boaters talk about?
    2
  51959. Inflation has been bad for me. My investment income went up by a factor of more than 10. Good. Not really, my taxes are also way up.
    2
  51960. 20% isnt a crash when they went up 100%
    2
  51961.  @MichaelBordenaro  yes that is true. They buy the software and do their taxes online . But some do their taxes wrong and then they have an IRS fine to pay. Being cheap does not pay when it comes to your taxes
    2
  51962. I rather move to Saint Augustine because the weather there is gorgeous and their is so much to see and do there. I went to Saint Augustine in November of 2006 and I can say it is the best place to retire and buy a great home there!
    2
  51963.  @MichaelBordenaro  I know Michael. I live in a Condo now since I bought it in 2009 and maybe in the near future I will move and live somewhere in Florida or Georgia or the Carolinas and buy a home in a gated community. I don't know yet what I will do. Thank you for the advice. Have a great weekend. Your videos are very helpful and educational.
    2
  51964. I noticed in your Miami videos that there are no homeless encampments. Please comment on why that is.
    2
  51965. I don’t understand why here in Cape Coral builders are still building and prices have barely moved at all? Some have actually increased in price? SMH
    2
  51966. Bottom line is the NAR and mortgage lenders are literally begging Jerome Powell to lower rates back down closer to Zero so they can pay their bills and not go under.
    2
  51967. Because they’re not getting TAXES from her!!!!
    2
  51968. Great video bro
    2
  51969. Keep bringing it. Michael, whatever research you do and information you get let us know about it. We have too many snowflakes in this country who think everything is peaches and cream and they don't want to hear the negativity but it exists and they don't want to face reality
    2
  51970. Another phenomenal video Michael❤
    2
  51971. Different area but I wouldn't want a house with a useless yard and living on decks.
    2
  51972. that hot potato... $30K in taxes? What's the insurance on that place? No damn way. Gold and silver are really just a hedge. I did a schload of foreclosures in the heyday. The deferred maintenance and former owner damage were incredible. Construction defects galore. Bad roofs. Water intrusions. I even had a place used as a kennel! Super priority liens from utilities, yep. Squatters? the poor babies. Have told clients to stay the hell away from King County WA for over a decade. Leave flipping to the pros. Mom and Pop get killed in that snake pit.
    2
  51973. hope you recover soon!! 🙏
    2
  51974. Thank you!! So beautiful. I'm in West Virginia and it's going to snow tonight. I appreciate you and your knowledge on many things.
    2
  51975. Bank stocks crashed today even SCHW was down 3.32% at the close. But it's the shadow banking that no one is seeing that's going to crash the market into a depression. The black swan you won't see just wake up one morning and it's there right in front of your eyes. Oh by the way FDIC have only $128 billion and theses bails so far pulled that down to $95 billion so far. Dun dun Dunnn!!!!
    2
  51976.  @MichaelBordenaro  lol. I'm laughing my ass off....thank you!
    2
  51977. Hi Michael, Why you never talk about brickell ?
    2
  51978. "That's what insurance is for" Times Changed so fast. Fun to look back at your journey 🌊🐬
    2
  51979. Before the internet was born ; how buyers knew where to buy ??? ... The internet has created huge inflation ...
    2
  51980. Since 26 I only got loans for Real Estate investments That's IT !!..CC paid every Monday any Big charges pay as soon as it posts..I don't know if 2023 is like 2007 or 08 or 09 but that was nothing to me retired..Work starts at 40 hrs a week try 90 hrs to get ur 20% down payment or pay Cash like I've done..Work Work Work..ALOHA😁😁😁😁😁
    2
  51981. You’ve been all over this Michael even before the Wall Street folks. Here is todays headline “The next big threat hovering over the U.S. economy Some $1.5 trillion in mortgages will come due in the next two years, a potential time bomb as higher interest rates push down property values.”
    2
  51982. It’s weird. We get proposals for tiny homes and affordable housing development. I’ve seen proposals get rejected because ‘the look of the house won’t fit in.’ This is definitely systematic.
    2
  51983. Why are people spending so much on Miami homes and condos. investors or long term residence , The Miami incomes still do not support the property prices, The poorest areas in Miami are turning into getthos , people flipping for millions but at a cost , No one shows how the Miami working poor areas are deciding into getthoes unban decline. Yes the nice wealthy Miami areas look better but the working poor and lower incomes neighborhood are looking worse than ever.
    2
  51984. Your so right . They are all drinking the cool aid . They are scared stiff of going down. Keep up the good work.. Come down to Newport Balboa Island
    2
  51985. 5:28 beautiful Art Deco workforce housing behind you. Home to the backbone of our city: teachers, hospitality workers, etc. Nice to see those buildings have survived the overdevelopment wave of the past few years!
    2
  51986. The Earth 🌍 is given into The hands of the wicked Now you know why so Many elderly are homeless... Mercy... 👁 Please keep These people in your Hearts..😒
    2
  51987. Communism and socialism=all is free and food is growing on the supermarket shelves...
    2
  51988. Thank you Michael 🙏
    2
  51989.  @MichaelBordenaro  Yeah, it WAS....not anymore....at least in North Orange County....and these Aedes mosquitoes are spreading. Each summer it gets worse. The guys who construct lanais for a living are set to make a fortune in the next few years in CA! LOL.....As I write, I have at least 30 bites from these no seeums on my ankles and legs, just like most of my neighbors. They are actually spraying in my area this last three days (first time I am aware of in 25 years) but not for this little sucker......as I said, someone has to die first from an infected bite..... What was it you said in your video about politicians being idiots?.......
    2
  51990. Florida will be a rich man’s play ground like Lake Tahoe is to Nevada. Is it fair ? No. Can you stop it? I don’t think so. This is what Capitalism is about. This free market condition fuels Socialism. Perhaps some where in between is better. This downward pressure in prices is a good thing.
    2
  51991. Michael Question bro. let talk about the broke people I will be moving down with 40k down and I need to stay at 600 per month show me were I can live mobile home is fine with me need simple life
    2
  51992.  @MichaelBordenaro  yes I will me mid state. kinda worried about heat i had one heat stoke but also sick of Iowa winters I am the guy 40 mine south of Rockford
    2
  51993. Great discussion Michael. You are providing a lot of insight.
    2
  51994. 1st comment.
    2
  51995. Call Michael I think that they should raise the interest rate one percent every month for a year and then be done because if they don’t then yeah we’re never gonna get there so they need to just wrap up to you just rates keep going and going and going and that’s it I don’t stop no whining no nothing just keep going because Jake passing away too much free money to that silicon valley bank I was just looking for Bluevine pair of Internet bank in their bill to was silicon valley bank so I think they should raise interest rates appoint every month
    2
  51996. Michael the recession Zuri here it’s been here since Biden cut the fuel and it’s just exacerbated NL people think the teachers is the best been dangerous is it going to climate climate climb Biden has no clue what he’s doing if they rate lower the interest rates are going to have stagflation that’s gonna be 10 times for us but we’ve been in a recession M
    2
  51997. ITS TIME TO PANIC Corporations do not care what the interest rate is. They dont care. You are missing out. This is a epic fake out. Don't be played people. Recessions are great for consumers. During expansions consumers lose because money flows to capital markets Money flows to consumers during downturns Its counter-intuitive Is it a coincidence the credit cards are going up? Dont live in fear that allows you not to see...............
    2
  51998. the system puts out mostly fake data, 99% of what you hear is not true, all of it is to control the people & use Fear as a main control tool to keep you confused & jumping the hoops
    2
  51999.  @MichaelBordenaro  Californians have taken over Hill Country in TX and building mega mansions on large tracts of lands. This takes out a lot of middle class hopefuls, waiting out the pandemic, with no place locally for developers to build houses unless very wealthy. it is creating massive imbalances in our economy.
    2
  52000. Great info. Thanks.
    2
  52001. How much money have we sent to Ukraine?? How much money have we sent to Israel? How does this benefit the U.S.?
    2
  52002.  @MichaelBordenaro  Lol, you are correct. 😆Your commentary on Miami Beach makes the video very interesting! 😎
    2
  52003.  @MichaelBordenaro  this is awesome!!!
    2
  52004. Why should people who are not financially responsible get the best rates!?!
    2
  52005. 👍
    2
  52006. Our money is worthless. We have to go back to asset/metals backed currency and END THE FED!
    2
  52007. What your step!
    2
  52008. I’m not gonna lie saving now a days for anything is way harder then it was couple years ago 😅
    2
  52009. Where’s Sunny and Crocket
    2
  52010. house is worth about 175k
    2
  52011.  @MichaelBordenaro  I really did not need to sell, but I did not want to do the yardwork any longer on two houses or pay the property taxes which amounted to $24,000 per year for both. Plus I wanted to sell before the prices drop significantly like in 2008/9 which I see looming.
    2
  52012. Great video! Thanks!
    2
  52013. I would say that only in Miami would $800,000 be considered Affordable . But sadly , that's now far from the case .
    2
  52014. Wow I saw your video within 10 seconds of uploading.
    2
  52015. ty
    2
  52016. Are you limping?
    2
  52017. What software is being used to show the listing history of real estate properties in these videos?
    2
  52018. Imagine now times 1000 , thats what 1 to 2 years will look like , plus sprinkled with some 1984 bs draconian crap !
    2
  52019. My company canceled turkey giveaway for employees due to supply shortages... I just laughed my @ss off. More commercial tech companies will have layoff coming with hiring freeze. Crazy time is on horizon!
    2
  52020. Do you think it would be any better some place else in Florida?
    2
  52021. Funny how they call the national guards just for those 50 ppl and they won't even help out at the actual border...
    2
  52022. Hell no.... not with out a way to jump.haha
    2
  52023. I dont make 85K, how in hell lol. Mortgages are just out of wack and someone wants to to make millenials pay for something they cannot afford.
    2
  52024. Airbnb has been mostly a terrible experience for me. I much prefer a hotel.
    2
  52025. Thank you
    2
  52026. I purchased a home on 10 acres in south east Texas in March this year. I paid $340K and my property tax is $6000 - I am hoping to reduce it to around $4000 after I homestead (previous owner didn’t homestead as it was their secondary home). My home insurance is $630 annual (with American Risk).
    2
  52027. Government should never get involved in anything - the government are criminals - nothing more nothing less
    2
  52028. yes make a guidebook or course for purchasing property
    2
  52029. I am the president of my HOA. We are fair, run a tight ship and deliver a good product. Many do.
    2
  52030. I cant wait to watch your travel videos 👍
    2
  52031. 5th
    2
  52032. Great video! Sharing that good Midwestern common sense with the masses!
    2
  52033. Remote work is good for the environment. The fact they want you back in the office shows you which side of their bread is buttered. What they REALLY care about is receiving rental income on their commercial properties. “They” being the property owners and the banks. The interests of the Elite always takes precedence over air quality (as if it ever really mattered anyway).
    2
  52034. Steriotype because its true most times.
    2
  52035. My question is the Fed raising Interest Rates causing Treasury Yields to spike, will that mean a lot of buyers will be there to help them significantly Unwind that portion of their Balance Sheet ? Next year's hot-button question: "Is this a Depression ?"
    2
  52036. For Sure a Video Of The Dirty City
    2
  52037. Good Thanks
    2
  52038.  @MichaelBordenaro  My Dad bought his house in So. Miami (Kendall) for $ 80K. 2Br 2 ba. I guess those days are over for good!
    2
  52039. Good luck it's gonna go down way more further what you say Insurance is double
    2
  52040. Ash to ash Dust to dust Fades to black
    2
  52041. My insurance company won't cover sinkholes at all.
    2
  52042. There is an immigrant tik tok guy telling other immigrants to invade empty houses to exploit Squatters Rights Laws.
    2
  52043. Fair point, but do you think contractors are building to suit like that?
    2
  52044. Thank you, Michael,,,im learning a lot from you
    2
  52045. Ok here we go....I am originally from Brazil but I have been living in Los Angeles since 2011 and man, I cant wait to move to FL, I feel like CA is a very expensive place to live, if you cant afford to pay a high price to live in a nice area mainly in Los Angeles you ll be "surviving" making money to spend it in rent, gas, insurance and food, not even mentioning about dangerous areas homeless prob and gangs, I think CA is a "fake dream" and I am very disappointed, in the last 5 years I spent apprx $119,000 only in rent, by now I could have bought my own home if I were living in FL for example but hey....whatever it floats your boat right? I dont see anything special here in CA not even the beaches are nice [freezing cold and dirty water], anyhow thanks for helping me to decide my future here in the US [...so far uncertain still haha ]
    2
  52046.  @MichaelBordenaro  You are absolutely right Michael, btw do you work as a real state only or do you also rent properties? I am starting to look it up options as I am planning to arrive in FL around Jun/Jul
    2
  52047.  @MichaelBordenaro  Excellent Michael! But I would be looking for a house for rent in the west coast FL would you be able to help me on that? That would be so amazing as I dont know anybody there and any help hunting for a nice house for rent would be welcome. :D
    2
  52048. Wow, I saw job postings for wayfair last week!
    2
  52049. The 2008 recession was a recession. This economic downturn is based on the coming to Jesus moment for the greedy and irresponsible. Most people must begin to understand how to budget. Stop overpaying for products and services. You don't need a 75 inch telelevision and so much more. Americans spend too much. That is the problem here. In Idaho, stop voting for politicians who don't legislate to protect to the old, financially needy and infirmed. In my area, old people are protected. They would never be evicted from their homes. Americans need to seriously look in the mirror and take responsibility for their choices.
    2
  52050. I don't believe that 94% of Home Sellers Are LIARS... It' 99% 😅🤣😂
    2
  52051. How's the single life in Miami bro? Thinking about moving there... Maybe you can start a new channel about it!
    2
  52052. In Miami-Dade I hope it goes down 50%. Check out John Williams shadow stats . Be patient lots of other economic factors in play including the status of the USD. Pain ahead and real estate will be a second thought.
    2
  52053. Can you do a Video on the Cheapest way to move to Miami, (the move itself) from the Westcoast, Las Vegas? Plzzzzz Thanx❤
    2
  52054. Few weeks ago I read about a young kid head & bones found inside a crocodile mouth down there. 😮‍💨
    2
  52055. Take some time off. Dial your MESA amp to 10, and rock on with your electric guitar!
    2
  52056. I've lived in Wisconsin all my life and the winters kill me. Mind you I'm young so I've got alot ahead of me, but I love growing tropical plants and Florida has always enchanted me, I hope to someday move to a nice place of south florida ♥️ 🌴
    2
  52057. SanFran firesale is intentionally caused.
    2
  52058. Agree with 10:15
    2
  52059. What parts of St Petersburg should I avoid if I wanna buy a house
    2
  52060. If we use history as an example, during the 70’s, the Fed chairman Volcker had to raise rate ABOVE the CPI for years to bring inflation down. First we’d have to go back to how they measured CPI to get an actual accurate reading on inflation, then get the fed funds rate above that For an extended period of time. If inflation now was calculated like they did then, inflation would be between 13 and 18%, so fed funds rates would have to be 19%. The debt bubble has been blown so big pulling purchasing power from the future to the present, leading to misappropriation and misallocation of resources through the destruction of market indicators to keep that from happening, the sheer amount of debt in the system, lack of personal savings along with ESG mandates on energy, (which is the life blood of a thriving economy) happening world wide it’s my opinion inflation and probably hyper inflation. This is going to be purposely used by governments world wide to create so much economic pain that the people will accept the new CBDC central bank digital currency and the one world government that has been planned by the elite for 100’s of years. There are country’s that are resisting this loosing their sovereignty to a central world government which will undoubtably lead to war and famine, as resources are directed towards war. You’d better buckle up and get ready to hunker down. It’s going to be a wild ride. Throughout history, those who have survived have had gold silver and land. They’ve also been untrustworthy of governments and had residency and resources in other country’s to flee the oppression in theirs. Since this is world wide, it’s going to be difficult in determining where exactly to ride this out. Probably not in one of the westernized country’s would be my first guess.
    2
  52061. I can't stand people who lack empathy. When I was younger I was one of those people. As I aged and moved up and doing better financially than most. I understand and know what it's like to be on the bad end. No judgment from me. I always offer helpful advice to those willingly able to accept it. But we do have a two tiered economy
    2
  52062. Don't move to Ocala. Go somewhere else. Or stay where you are. Florida is being over run almost as bad as Texas. Something like 840,000 people have moved to Florida in the last year or so. Or housing market for rentals is extremely high. Because the supply is low an the demand is high. 3 bedroom 2 bath will cost you $1,200 - $1,800.
    2
  52063. Built my dream bathroom in my last house. It was cool for a while, funny I didn't even use the Jacuzzi more than a couple times a year. Sold it to buy rentals cash and now debt free with investment income letting me retire early......priority's change. This next crash I hope to buy a couple more to increase my cash flow so I can buy an airplane so I don't have to use the sucky airlines anymore.
    2
  52064. I recently got a 8 acr lot in central FL 1,800 sf house built in late 2000's listed 350k got for 300k 6 months ago put 80k in it already mostly roof some foundation maintenance and interior ac what not . Granit the works . Sold .25 acre lot 1920's 3,800sf for 2M in Miami Beach to buyer paying cash no contig. Was fixing up my childhood home Dad's house . did the exterior walls 70% needs new roof and windows and about 50k interior work but the cash buyers are doing a new build elevated and all. The new house they build will be worth 6M at a cost of around 2M
    2
  52065. Thanks for this info… my credit is in the excellent… can u still get a home if your income low?
    2
  52066. Couldn't click on this link fast enough. Awesome collab!
    2
  52067.  @MichaelBordenaro  ok hope for one soon! I really enjoying seeing it.
    2
  52068. No we shouldn't make big purchases yet.
    2
  52069. Wow! You are optimistic about the future! I like it! I think there is no escape no matter where we go. Hunger Games!
    2
  52070. People need to educate on the selling and buying. I can see the seller not needing an agent, just access to the MLS. The seller does its own negotiating and the buyer agent get 1.5-3% for the contract writing and setting up title., Half the agents can go away...6% is ridiculous...same as tipping off check amount vs quality of service recieved.
    2
  52071. Italy has been in a recession since Pax Romana time.... it's been so long that the Italians have forgotten they're in a recession..... I'm going to Tuscany to get a little piece of Roman Peace....
    2
  52072. Awesomeness. Keep these up!
    2
  52073. The backdrop to this video was gorgeous. Looks like Michael is on his summer vacation!
    2
  52074. People like Barry Habib and Elon Musk and all the Bitcoin advocates are just using pump and dump schemes and propaganda to elevate their stock, property, and price of Bitcoin.
    2
  52075. What about hurricane Michael
    2
  52076.  @MichaelBordenaro  A few months ago, houses were selling so fast that some people wondered why they would need a realtor if the place might sell in just a few days. Would the realtor really earn her or his commission? An experienced realtor in that case is especially needed to help you determine the right asking price and to handle the influx of prospective buyers and their realtors. Realtors can help a seller price a house so it is likely to get several offers and possibly go into a bidding war. Then the realtor definitely helps the seller sort out the offers for the one that works best for the seller. The highest bid may not necessarily be the best offer, depending on the buyer’s financing, inspection requirements, closing dates, etc. The heady days of automatic bidding wars are mostly past us, but the market is still very tricky and sellers and buyers definitely need the representation of a knowledgeable, professional real estate agent to navigate the many challenges of the market. This is where people like Michael come in.
    2
  52077. 9:05 Whats really going to blow his mind, is that we are all living in a simulation :) Morpheus : Do you think that's air you're breathing now?
    2
  52078. Thank you to our host for this important segment. Welcome back to frigid Broward and Miami-Dade. Good topic and good research. Good content
    2
  52079. 😎✌️👍
    2
  52080. After making fun of the people that don't know how to set up an umbrella properly... Tutorial next??? 😄
    2
  52081. Good to hear! Planning to hopefully buy in FL in approx 1 year…we’ll see. Just being diligent to save now and be ready for the right opportunity; here’s hoping!! 🤞🏼🤞🏼✌🏼 First-time millennial buyer (my husband is too).
    2
  52082. Better be careful Michael, telling the truth about real inflation numbers may be considered a hate crime
    2
  52083. Thanks for the thoughtful perspective, im just a regular homeowner who bought my 1st home in early 19 and so thankful i did..
    2
  52084. Wow!!! U gave us a complete life advices all in one video.
    2
  52085. Well deserved, award!!
    2
  52086. Denver is up slightly for the June snapshot report to -2.8%. Up a tiny bit but still down YoY. Homes sold YoY -20.3%
    2
  52087. Michael. Is the worst inflation in history if you take into consideration the way they measure the CPI Report now days. Great content as always!
    2
  52088. Thanks Michael 🙏Happy New Year 🎉
    2
  52089. The systematic destruction of our middle class continues. The Fed will continue its act until it completes the task. Our economy continues to crater by the month. Most will remain in denial until it affects them personally. Mr Cushey is a liar or oblivious to reality. Just keep believing everything is FINE.
    2
  52090. Boat or seedoo??
    2
  52091. Michael, the good think for this people is that : Dreaming is free" this people are living in their own world, including people that have a lot of money, as they can lose it fastest then others, and I know that by personal family experience. What is different this time, is, that this people have showed their ignorance in economics. Yes great idea, refinance at high rates, very smart people.
    2
  52092. Thats funny, i subscribed maybe a month or more ago, and i feel like i know you.I watch every day if it comes out.I love your context very informative and I love the variety. Thank you!
    2
  52093. Fed: "At this time we are just cruising now and we will increase again during summer, and then once again cruising for another 6 - 12 months or so."
    2
  52094. Debt free. Sell no. I can’t replace what I have. !! For the same cost….
    2
  52095. Yes the housing price really went down I see that in Las Vegas Nevada
    2
  52096. For 2 weeks the Walmart i go have pallets in the aisle at the pet supply section, blocking the dog food i buy for my dog. Then this morning i here in the news Walmart is oversupplied in inventory.
    2
  52097.  @MichaelBordenaro  Except maybe Mick Jagger 😂🤣😂
    2
  52098. Florida needs to turn blood red on your chart. It’ll be a few years. Regarding the croc, that’s not good news especially to a paddle boarder.
    2
  52099. Time to get Back M Florida needs You
    2
  52100. Better buy a house and take a fictitious loss, cause it's only a real lose if you sell. Than have your money gone by banks bail inns. There coming and don't expect endless bail outs from other banks or goverment. You don't need finacial intelligence to buy or keep a house at this point, you need financial intelligence to keep your wealth and health in general. So buy that real estate, use it as a fortress to keep valuables like gold, art, old wiskey and even just long lasting food and it might be the best buy in your live right now.
    2
  52101. let them crash it, I guess many are waiting for it to be crashed. They are the ones who bumped the boom in first place.
    2
  52102. If someone sign in for 20% loan means, their intention is not to pay back!
    2
  52103. Hi Michael, so many factors to consider. Your good advice and even keel approach is really spot on and appreciated.
    2
  52104. People are "happy" in FL due to DeSantis..
    2
  52105. Hi Dad!
    2
  52106. This is more like depression than Recession. I feel bad for ALL realtors in The United States. I remember back in 1984, when my spouse was a Realtor , he worked hard to sell homes, and it was very hard. In time he had to get out of it and look for a better job, which he did. Selling homes now and everything else going on in the Economy it's 1,000 times worse.
    2
  52107.  @MichaelBordenaro  you produce good videos, thanks!
    2
  52108. With all the craziness, it seems like the greeedies want all the $$$$ in the world for themselves and the rest of us will have zip.....
    2
  52109. Your absolutely right. It's an expense unless you make it into rental oh until you sell robert kwoskis taught me that
    2
  52110. Okay.. here's another one Mike.. look into the Fair Housing Act and (ECOA) Equal Credit Opportunity Act. Lending based on lots of the criteria you mentioned is not legally acceptable. Derek
    2
  52111. $15,000 per month? Right! It is a very cute house though..............
    2
  52112. Sen. Fauxcahontas Warren is completely devoid of any ethics. She became a multi-millionaire on a salary of $174,000 a year?
    2
  52113. My number one reason for wanting to leave IL!! Seasonal depression is no joke and it’s a solid 6 months of the year here.
    2
  52114. Michael Bordenaro it’s the only reason for moving that my family accepts 100%.
    2
  52115. its not there yet, it will take 12-18 months for buyers time, things going on at global level, it will get very bad until it gets better.
    2
  52116. And the people that do have jobs don't even work they absolutely do nothing customer services horrible they just do not want to work and of the boss says anything then there in trouble that's why they don't say anything They're letting it happen don't have to work today Just show up
    2
  52117. Assuming that rent < mortgage, would it be more profitable to rent and invest in the S&P 500 for the long term instead of paying the mortgage, relying on appreciation and the note eventually becoming cheaper than renting (not to mention home repairs etc)?
    2
  52118. Great duo move. Nick needs to come back...
    2
  52119. While we have a polar ice system and it'S -41'c here..
    2
  52120. Michael Bordenaro yeah the heat and humidity seem to last longer and the temperatures are hotter.
    2
  52121. The fed didn't loosen...the lenders got rosey...
    2
  52122. Yes. red lights are just a suggestion for some.
    2
  52123. Michael I appreciate your content but, I have 2 things for trends to look out for: 1. Are these new homes actually being finished? 2. Who wins the game of chicken between the employer and employee?
    2
  52124. Consider Winter Park, Maitland
    2
  52125. your crystal ball forecaster has broken ball....
    2
  52126. There's treasure on that island. 😂
    2
  52127. Michael Bordenaro ya bro it’s awesome better to just go for it now. Keep you posted keep the videos coming brother. I’ll have to snatch some shades honestly thought they were costas at first.
    2
  52128. Thanks Michael for another beautiful setting video! Just walk with caution...😇
    2
  52129. Stop with all the facts Michael. It’s too much.
    2
  52130. Condos and apartment buildings are in the same boat. How many apt buildings are in need of repairs and money stolen for upgrades. 😢
    2
  52131. Also, be sure to ask the seller if they have a prior survey. Most sellers will provide, if available.
    2
  52132. !00% right on Unemployment,unfortunately you need high unemployment for inflation to come down....
    2
  52133.  @MichaelBordenaro  well the FED is trying to reduce inflation by removing money from the system and raising rates which may cause companies to reduce staffing overhead to maintain profits. If there is massive job loss after the midterms (when things are set to really go bad) then I could see a crash of all markets.
    2
  52134. Lol, Michael. At the start of this video you sound just like me talking about the weather in Oregon. Spring just started and I’m already sick of the rain!😂 We’re only on month 2 of 6 of the soul sucking grey skies.😭
    2
  52135. "Lies! All Lies!"
    2
  52136. We need to find good neighborhoods around 1500.00 a month rent
    2
  52137. Damm Mike…..You are the Mann…., Keep your eyes open… This is Real
    2
  52138. My manufactured home with 4000 square feet of land went up in Colorado to $279,000 from whatever I told you it was worth in last video I commented on where I gave you the old amount
    2
  52139. Good morning enjoying your video, let’s compare the west to the East Coast and prices and price cuts
    2
  52140. Haha, by then they will have depleted their energy and pockets 💰, then they will max out their "buy now and pay later" (this crowd are disastrous). Homeless is next if you are not careful. Glad your foot is ok 👍 😉
    2
  52141.  @MichaelBordenaro  I Just watched the latest on Wavy Boats and it is $300 a day to film on the north side https://youtu.be/nhHIOyysP6A?t=280
    2
  52142.  @MichaelBordenaro  well I sold in November of 2007 seeing what was going to happen when my wife who sold mortgages for USAA (military bank and insurance) came home and said no way housing market stays at that level, she said she took calls all day long with people making $30k a year either wanting to buy a $300k home or were already in a crap neg-am loan. Then bought in 2017 in north county San Diego near the coast. Reventure is spot on perfect with his analysis, I'm surprised Burry doesn't try and hire him just to explain shit to dumb ass rich people like the ones who wanted to sue him in 2007.
    2
  52143. Housing prices fluctuate, as do interest rates. But interest rates seem to take longer to move in a positive direction for consumers. With interest rates climbing and rental rates skyrocketing, being able to lock in a stable “controllable” 30 year payment seems like a good idea…?
    2
  52144. Nobody likes the homeless or feels for them until you become one....things happen in life that nobody can control. Alot of them are vets...just think a lil more is what im saying.....kills me with that LA/NYC narrative. Those cities make more millionaires than any other.. ofcourse theres going to be a flipside
    2
  52145.  @MichaelBordenaro  agree
    2
  52146. Fuck yeah lol
    2
  52147. I know a landlord who owned a double house in N.Y.S. He had a tenant who was paid directly from the government for his rent keeps the money and got a free ride for eleven months and skipped town.The landlord had to pay all of the property taxes. But again this is a Democratic Stste of corruption run by corrupt Democrats.
    2
  52148. Why did gas go down? 🎩 🪄 magical wizards trying to trick you. Distraction while our food supply is being destroyed purposefully. Worldwide revolt against government tyranny while we are lulled by magic gas price reduction out of thin air. Yikes
    2
  52149. Every house but one I biked to or from to see how bikeable the neighborhood is. If that checked out I’d bike around the neighborhood to get a feel for it. If that checked out I’d drive to the house on a Friday/Saturday night and park on the street for a while to see if it’s noisy.
    2
  52150. The house is nice but the price is inflated!!!!!
    2
  52151. I'm guessing SSA will decide inflation was only 4% this year, when you pointed out you see prices up each trip to grocery stores. I just spent $290 for 10 days of food. Our disabled and retirees are unfortunately joining the ranks of our homeless. Main thing is, many landlords have jumped onto the cheap and unnecessary renovation with $1,000 markup bandwagon. Affordable units don't NEED overhaul, but for a $7,000 "luxury" renovation, they can market a previously plain and affordable unit as a "luxury" unit and gain $1,000 more a month a year later and on. A retiree can afford $850, but NOT $1,850. I'd love you to do a video on that. ❤
    2
  52152. If i, as a buyer, have to pay the realtor he had better work EXCLUSIVELY for me and drive a hard bargain. As a self employed person i don't have to stay here.
    2
  52153. How do you properly price an offer for a home with zero comps? For example 4k sq ft 5br 6ba .4 acres on ocean sw FL. Built 2018 asking 11 mil?? Tia
    2
  52154. A couple of weeks ago you commented on our conversation about people retiring and leaving housing markets in high cost places and now we are seeing confirmations of people following that path. Wait till most of your commenters appreciate the part that selling their property in US will get them a much better place in most of the other countries and keep them with a boat load of cash to boot. Putting some money into stock on different platforms, while making sure they buy stock ONLY during the crash, so setting the "order" price to 3 times below the current value.
    2
  52155. How do you secure your bitcoin Michael?
    2
  52156. If you can’t touch it you don’t have it , thank you Michael !!!.
    2
  52157. Live in a very safe area - no claims Homeowners insurance up 45% to $4500.00 per year
    2
  52158. October inflation was at 8% and OPEC cut production on Nov 1st by 2MM barrels a day forcing an increase in the price of oil. In the US everything moves by diesel whether truck or train and increased transportation costs mean higher costs, so I do not expect inflation to be lower at the next Fed meeting in December. The Fed's inflation target is 2%. FYI, there was a 30% increase in house prices nationwide in a 16 month period during 2020/2021 and a lot of those sales were above asking. Unless home prices return to pre-pandemic levels and the mortgage rates are at 5% or below, there are some really dark days ahead for the housing market. As an example in Q3 of 2021 the median sales price of a house was $411,200. In Q3 of 2022 the median sales price of a house is 454,900. In Q3 of 2021 the mortgage rate was 3.19% and today it is 7.32% (assuming a level 1 credit score). The monthly P&I on the median house in 2021 at a 3.19% interest rate was $1,714. Today the monthly P&I on the median house at 7.32% is $2,858, a $1,144 or 67% increase. Each 1% increase in the mortgage rate translates roughly to a 10% loss in purchasing power and in 1 year the average home buyer has lost over 40% of their purchasing power and the current house they can qualify to buy today is not the house they want to buy. So in short the Fed will keep its foot on the gas until they see a significant drop in the monthly inflation rate.
    2
  52159. Massive disaster is on the way!! My karma spells on all those who stole homes after the 2008 housing crash are working!! Praise be!😄
    2
  52160. The wife is looking good. Give her the mike.
    2
  52161. Post salary says whether a person is buying a house. But the insurance and upkeep is more than the house note. My salary present; is 60% going to rent. 😢 spot on.
    2
  52162. Even look at Tesla, they did a massive price cut. One of their cars is almost 30% off if u take into account the federal tax incentives. Everyone is cutting prices.
    2
  52163. Michael Bordenaro's finger on the pulse of America could be eye opening.
    2
  52164. I just bought a new construction in East Coast of Florida. I don't worry about housing crash bcz I am here to stay not to invest
    2
  52165. I'd rather be lucky than good any day...
    2
  52166. I'll say from an independent Credit RIsk Asset Management valuation point of view. On loans, credit or anything else, you're all stuffed. I don't want to be the doomsayer, but that's the facts. Flood crisis is underrated. Let's have a closer look at the situation, like rebuilding and insurance of properties on floodplains. What's insurable and what's not, and who's in charge of any of it.
    2
  52167. Just please give good info and forget selling gold from sponsors
    2
  52168. Best video in a while Michael. More like this🎉
    2
  52169. Can we please address the elephant in the room. The fact that the fed is now losing money. The US government can no longer service the interest on the national debt with the incoming tax revenue as it stands. THE FED HAS TO PRINT THE MONEY NEED TO SERVICE THE NATIONAL DEBT! THIS IS THE DEATH SPIRAL.
    2
  52170. Oh boy just wait a few days for hurricane Hilary to come through, may see houses sliding into the ocean. Well Fargo!, no thanks i could never trust them.
    2
  52171. Come up Maryland and get a crab cake
    2
  52172. oh and you play guitar!!!!!!!!
    2
  52173. The Fed anticipates the target funds rate to be 4.4% by the end of 2022. Rate now is 3% – 3.25%, so the Fed will raise rates by another 125-150 bps over the next two FOMC meetings to a terminal federal funds rate of ~4.4% - 4.5% in 2022. Lenders will have to raise mortgage rates even higher (IMO nudging 9%) to make their MBS more attractive to investors otherwise they investors will just buy Treasuries since the 90 day bill is paying over 4% and by the end of the year will be paying ~ 5%. Any doubt after Fed increases the funds rate in Nov and Dec, economists will pronounce the housing market dead? Note: The Fed cannot control OPEC who have recently cut production keeping oil prices higher and fueling inflation so their 2% inflation target is just laughable for 2024/4.
    2
  52174. Gasoline seems to be holding steady. ✅ Where are all those Biden “I DID THAT” stickers near the pump ⛽️ now?
    2
  52175. Thats how silly it is to live in places like Miami, waste of money. Homeownership is an illusion, people are slaves of the mortgage, property taxes , HOAs , it is eternal rent
    2
  52176. I believe market will have major correction but not bust!
    2
  52177. i took my 80 yr old wife to cal the last day we were there i ask her what she wanted to do she said lets do something the locals do so i pooped on the sidewalk
    2
  52178. My dad and I always bring up the the time back in the early 70's when we went out on our boat and how choppy it was going under the Haulover Brdige. It was one of my scariest rides in our boat ever, and my dad didn't admit it back then but he was scared out of his mind also, and will admit that now.. It is supposedly the most dangerous inlet in Fl. but has the most boat traffic in the United States.
    2
  52179. Hi Mike. Can I get your take on the people in Florida overall? I have reached out on Tampa Bay data forum to tell of my interest to move to Florida. A lot of people down there do not seem very welcoming and seemed negative as well. They don't seem they like people from NY. They told me not to come to Florida. What's your view? Thanks 😊
    2
  52180.  @MichaelBordenaro  Thanks Mike for the feedback. Yes I don't plan on telling anyone im from NY. I was going to wear my NY Jets hat, but I don't feel like being bullied down there when I come 😊
    2
  52181. Don’t do Doom and Gloom. Do Truth.
    2
  52182. Yup, did the same here in San Diego 6 months ago. But we still see homeless on the sidewalks. And nothing is done unless you complain to the city then they come by 1 or 2 weeks later.
    2
  52183. Miami-Dade and Broward counties typically are BLUE politically. Are you referring to Cubans in Miami who do not welcome liberals?
    2
  52184.  @MichaelBordenaro  Gotcha. There are many long time residents who feel that way and refer to "paradise lost' due to the overcrowding.
    2
  52185. Biden's inflation has been destroying middle-class families for good since 2022.
    2
  52186. Hi Micheal , what is a good number for you as a realtor? I am trying to get in touch with you?
    2
  52187. I want to tell you my son just moved there , he is 19. He is there for school. Similar to your story.
    2
  52188.  @MichaelBordenaro  , what are you you doing doing this storm?
    2
  52189. Too bad they truly are not so mobile, or you could move it somewhere cheaper. Or to your own piece of land.
    2
  52190.  @MichaelBordenaro  Cooler depends on where you are. The closer you get to the ocean the cooler it gets. Ask the people in riverside how cool it is in July, August, September.
    2
  52191. We have an Airbnb in Destin, if You want to come stay, private condo in the beach, I can give You a discount, possibly free with a shout out and posting a link... 🙏
    2
  52192. There will b payback, get ready
    2
  52193. I got two homes on my radar. That are free and clear currently in preforcloser. At the end of the day you have no income from a job or another source coming in. It's going to be very difficult to keep a home no matter what the mainstream sheeple think or say.
    2
  52194. Funny. The rent ate my dinner.
    2
  52195. Floating debt and margin calls will hit these guys hard 🤙 Nice work bro
    2
  52196. Okay people, but please don't hate all corporations over this. Most corporations are kind, loving, caring, and benevolent, and would never ever seek to do anything like this. We must revere our corporations.
    2
  52197. Hello Mike, I truly enjoy your videos. I have one comment and 2 question..My comment most home sellers still living in 2021 illusion. All houses are listed over price and then being reduced. My question is: What is the best approach for a low baller offer without offending the seller but get the best deal still? A unit been on the market for 45 days he dropped it 75k but still not sold. Second- how do I pick an agent if I am buying? Thanks Bill
    2
  52198. "We're goin' heavy." 😂 I'll take a hit!
    2
  52199. Can’t pay the bills can’t pay for the house.
    2
  52200. Hi Michael, great video tx. One question, what area in Florida is the less hit from hurricanes?
    2
  52201. Wow! You are so smart! Thank you!!!
    2
  52202. I freakin' love CULVERS!!! THE FROZEN CUSTARD YUMMERS. They got Culver's here in AZ😂♥️
    2
  52203. Happy new year 🎊 ❤🙏❤️🙂
    2
  52204. It's doom and gloom for those that bought at the top of the market!!! :yougotthis:
    2
  52205. Congratulations 🎉! Well deserved and earned 👏🩵🌿
    2
  52206. It is lovely place
    2
  52207. Thank you for the sunset.
    2
  52208. Does the 30 percent include utilities or is it just mortgage plus property taxes?
    2
  52209.  @MichaelBordenaro  I ended up picking a building In Brickell ❤️
    2
  52210.  @MichaelBordenaro  thanks for the reply. I agree with what is driving the market. I just unfortunately now hope for some sort of downturn. I am a very prepared and qualified buyer with a great price point but refuse to over extend or buy something that went up 45% in a few mos. All the investors, people relocating from big cities and people still buying and over extending themselves is Def a factor as well. None are a good thing.
    2
  52211. I see you got a hair cut!
    2
  52212. 86 in February and it’s -36 f in my part of Ontario today
    2
  52213.  @MichaelBordenaro  Thank you
    2
  52214. Rentals are very high in Austin Texas . I guess it depends on when you bought and what price bracket you bought .
    2
  52215. Be fun to change up the routine. You looking for new digs?🤔
    2
  52216. Awesome video 👏
    2
  52217. The canal video is a great idea! Need to have a really good reason/topic as to why you're on it. Flood insurance, maybe?
    2
  52218. I love these videos. With a place on Ana Maria Island, and a house in Bradenton, this will be an interesting few days!
    2
  52219. Mike, I have a remote job with a California company. I love California, but for tax purposes I'm a citizen of Florida! Sarasota, yo!
    2
  52220. Two or three more rate increases we've got to feel pain
    2
  52221. I'm seeing a stagnant housing market with very over-priced inventory. Will there be a "soft landing?" No. Our command-and-control government did too many things wrong. Americans will pay the price and turn the economy around DESPITE our government, but we're in for some hard times this year BECAUSE of our government- from ill-advised COVID lock-downs to spending trillions of dollars we had to borrow.
    2
  52222. Did you ask the Fed how it felt to want? Cause I done sold my home at the peak in Arizona, and the market can crash then I'll go buy something really cheap. Phukphedpheelings
    2
  52223. Where did you get your shades?
    2
  52224. Always appreciate your insight while working at my home office in LA, my dude! And keep up the scenery cuts! It's good B-roll. I get your points and luckily I'm not in a position where I have to sell. Because I'm in a prime location. And there's no way I'd sell for 80-100k LESS than what I would have got last year. Guess we'll see how things play out!
    2
  52225. No one knows what will happen in the housing market period! You can watch all the videos you want but no one knows 🤷🏻‍♀️
    2
  52226. Keep keeping it real!
    2
  52227. same with ' the house next door seller cant give it away for $599 and one comes on the market for $625 your just helping the low price home sale faster?
    2
  52228. Thank you!
    2
  52229. Michael what are your thoughts on Publix?
    2
  52230. some of those are homes that had hidden problems and actually fixing them is too expensive to turn a profit. They should have been sold to someone who was fixing it to live in.
    2
  52231. Thanks Michael, always enjoy your videos….
    2
  52232. Holy crap ! YouTube lib bots are insane now that your audience has grown . All crap with zero solutions . Great video 🎉😊
    2
  52233. No interest in ai generated content. Human content all the way! 🖌✏️
    2
  52234. RAIN?!! LEAF BLOWERS?!! PARKING GARAGES USED TO GET OUT OF THE RAIN?!! It’s all a conspiracy, Mike!!
    2
  52235.  @MichaelBordenaro  Just like Harrison Ford in THE FUGITIVE !!!!
    2
  52236. Was hearing about the NAR case recently, thanks for the report
    2
  52237. The fact those 2 houses cost 1 million and 1.3 million is a mark of a failed system. The problem with housing is that the asking price is based on how much money people have not the cost of the house. Those 2 houses look like mobile homes. Housing in Miami is a joke.
    2
  52238. Michael please talk about the snowbirds in Florida this winter.
    2
  52239. It didn't get too dark, it was beautiful.
    2
  52240. The younger ones that havnt seen any hammers drop are the ones that dont want to hear it
    2
  52241. I watch this channel because it reminds me of my time living and partying in Miami Beach… Hi-Tides 4ever !
    2
  52242. Wow
    2
  52243. 8 am on a Sunday???😵‍💫😵‍💫😵‍💫 😂 talk about a complete and total disregard for the locals that live there. Whatever happened to noise ordinance? PS. You walked by the Sherry Frontenac. A notoriously fun airline crew Hotel. I used to go there many moons ago when I was a Flight Attendant. Such an “interesting” place. Oh. Thanks for the memories ❤.
    2
  52244. What about la county? Specifically Santa Clarita CA
    2
  52245. Another great video!
    2
  52246. First! 🏆
    2
  52247. keep up the great work and everyone needs to stop Spanish ion America
    2
  52248. Congrats on 3 years 💪🏻😊🥳🙌🏻🥂🎊
    2
  52249. Hey Michael! Yah, I bought a house in 96, at that time it was 6.5 interest rate But the house was affordable @ $130,0000, so people trying to justify that it is good time to buy, need their head examined. The houses are still too high to justify this high interest rate. Either the home prices need to come down or the interest rate, and the interest can't because the market can't handle it. Home prices have to fall they can't stay the same. As always love your content.
    2
  52250. THAR SHE BLOWS !!!!!!!!!!!!!!!
    2
  52251. The fear and greed index is probably the vix index at the Chicago Board of trade.
    2
  52252. Thanks for making this video, I am strongly thinking about moving to Florida. I currently live in Toronto Canada and feel like there is nothing here for me and I am just not happy here. I am American (I have duel citizenship so it is an easy option for me)
    2
  52253. Beautiful beach.
    2
  52254. The country is far too far in debt for money interest rates to ever go back down.
    2
  52255. indeeeed..
    2
  52256. Extreme dedication filming in the cold rain!
    2
  52257. One last chance to sell
    2
  52258. Whoa! Lol! Ha! We said the exact same thing about the weather. After experiencing days of heavy rain in the NE, the following day the sun was out so beautiful and bright with a clear blue sky that it reminded me of my play time in the 70s'. "We had joy, we had fun, we had seasons in the sun" ...no, it's not a rap song.
    2
  52259. Very informative video!
    2
  52260. Wish we had some of that rain in hernando County
    2
  52261. Nice
    2
  52262. For every seller of stock, there has to be a buyer.
    2
  52263. Really like the energy today. Appreciate ya... Appreciate the info... Home Inspector 🏡 LI...
    2
  52264. Good information
    2
  52265. Electric bill is probably crazy high in the old mobile, if they have central air. Only in Cali, wears a mask outside, 😂
    2
  52266. if the condo or hoa goes broke, doesn't that mean the government steps in and sends it into "receivership?" And doesn't that allow the government to place any assessment they want even if it is against the CC&Rs?
    2
  52267. 19:47 being watched 👀
    2
  52268.  @MichaelBordenaro  so far I’ve found a few, but running into issues with STR regulations with HOA’s (I’m looking to use it as a vacation home) I’ll actually be in Miami Beach March 26-27 and hoping to look at some at that time!
    2
  52269.  @MichaelBordenaro  Yes, that's what I'm looking to do. I'm also planning my relocation to Miami Beach in the next 5 years (similar to you - I live in Rhode Island presently)
    2
  52270. Love Del Mar!!
    2
  52271. I sure hope you are putting a lot of sunscreen on. With your skin and the amount of time you spend in the sun making these videos in the middle of the day, you sure are taking a risk. Take care of yourself.
    2
  52272. I really appreciate terrazzo floors.
    2
  52273. Great video. We are starting to see the real Estate Market in Southwest Florida as Michael predicted
    2
  52274. All a scam 😂 insurance and governments. Obvious at this point.
    2
  52275. Laughing my ass off... that's our government for us they'd rather see you homeless on the streets causing problems then actually living in a home thank you to the USA so proud to be a an american. Not not anymore so ashamed of this country in the past two years it's disgusting
    2
  52276.  @MichaelBordenaro  I see it happening if there is not an agreement on the debt ceiling limit in a very short amount of time or a least temporary one. They said if one is not agreed upon up to 12 million people would lose their jobs
    2
  52277. IF they can not handle the "heat" they should get out of the kitchen ---
    2
  52278. true to what you said, now they are giving 150k to illegal immigrants and We, the tax payers can't get shit, and if we get something, they;ll make sure it's the max apr
    2
  52279. I left my heart in San Francisco....sadly Tony Bennett checked out today.
    2
  52280.  @MichaelBordenaro  thank you for your honesty. Yes, I’ll go checkout your other videos. Just starting this process and I’m open to a lot of areas.
    2
  52281. It depends on how long you will stay there and how much equity you will build over time. Some places because of the neighborhood or build quality or market timing, dont generate enough equity to make it worth it after interest + closing costs if you leave too soon. A down payment helps build equity, which you can cash out when you sell. If you rent...no equity, so even though it was less money down, how much did that rental REALLY cost you?
    2
  52282. very very very true
    2
  52283. None of us have a crystal ball 🔮 for the future . I try to enjoy the little experiences in life and go day by day. I kinda have this mindset that when we are old we need less . I have little hope for retirement. So we will live in a studio apt and cut living expenses . It can’t be as expensive as it is raising my kids and getting them through college 😳 and feeding them and clothing them . Providing cars and cell phones and healthcare. Sheesh we are drowning in just necessities. Maybe my kids will be wealthy and let us live with them in their backyard lol . I plan on stretching my social security like I do my paycheck 🤦🏻‍♀️
    2
  52284. I think business will get its desires on "back to office", once it decides on that at all levels. I think some people with high rank are not in such a hurry to get back in the car. My company atleast, wants back to on-site work, but it is a cost, since they vacated the last rented space, and now have to sign another lease. I always thought working remote would be great, and I would travel a bunch, go to Ft Lauferdale and swim at the ISHOF, and Hallandale for horse racing, but my mother tricked me into adopting a cat, and now I can't bear to leave it home alone that long.
    2
  52285. I make a point of trying to watch one of your videos per day for inspiration. Love your honesty and sincerity. It would be a privilege to have someone like you for a friend. Your perspective in life is truly admirable and you're so still very young.
    2
  52286. He's "Giving Back" money that we paid in taxes 😂 And getting student loans written off, that's for those that qualify after paying 10 years and working in public service.
    2
  52287. I thought you learned playing the guitar watching episodes of Metalocolypse.
    2
  52288. Lenders have to get these toxic assets off their balance sheets and the 1% down payment rule might help them doing it.
    2
  52289. Are our Rulers going to have a major conflict over currency ? Will they shut down the World Economy to keep the Dollar King ? If so it appears we are in uncharted waters .Even those that have somewhat a nest eggs will not be safe . Can a person imagine no goods coming from China . Woe to the inhabitants on Planet Earth . Mad Max world ? And it is just getting started . Thanks Michael . P.S. Maybe I am wrong , lets hope so . The 1980 Recession was pretty bad .
    2
  52290. 1981 was very rough
    2
  52291. "A line from the minutes of the central bank’s December policy meeting released Wednesday afternoon was taken by analysts and economists as a warning to financial market participants that bets on a policy pivot in 2023 aren’t welcome." - The Fed delivered a message to the stock market: Big rallies will prolong pain. William Watts; 1/6/23. How much more clear do things really need to be? Sorry, Burr, but this looks pretty self explanatory.
    2
  52292. I am currently residing in St. Louis and have observed a significant increase in the number of business closures, empty parking lots, and a general decline in business activity. In contrast, Dallas appears to be experiencing a period of rapid growth and increased economic activity. It is evident that certain pockets of the country are experiencing economic challenges, as exemplified by the situation in Rockford, which was discussed in the recent mall episode.
    2
  52293. 80s construction should be a major concern, 40 years is too long for a building inspection considering the timeframe of the construction, hurricane Andrew in 92 should have been a warning many years ago.
    2
  52294. Thank you, Michael. Do you think the “big tech” area will be affected hard? Like seattle/ ca Bay Area? People are loaded here with a lot of savings. The housing price is to the roof.
    2
  52295. Did you just marry someone and suddenly get a wife? Or was that the classic Freudian slip?
    2
  52296. If I have total housing payments as 32% of my gross monthly income with no other debt is that bad?
    2
  52297. Good video thanks.
    2
  52298. Thanks!
    2
  52299. 🙌🏼 🎉 Happy Birthday, Lizzie! Janesville, WI?! I lived there for most of my childhood! Cannot imagine living there, as an adult, and be happy or affordable in the winter. Biden taxing those with high credit scores will keep me, as I’ve protested for months, a renter!
    2
  52300. Michael: the difference between 'Hometown Heroes' and the Biden administration is that we're supporting NOT ONLY OUR CITIZENS but more importantly law enforcement and other folks having trouble affording home loans. This is a MASSIVE difference! Other states are giving free money and five star hotel housing away to people that are not citizens! Now you can agree or disagree with the Florida legislation but I do not support helping out large amounts of non-citizens while people are atarving on the streets! Dispicable stuff!
    2
  52301. i get letters in the mail all the time about refinancing to get cash out of my house. I have over $250K in equity in my house, but I am a widower with a young child and a 2.25% interest rate. So I don't plan on doing this.
    2
  52302. dropping over 20% is needed to help pay for the downpayment. like Zero down.
    2
  52303. Merry Christmas Michael!
    2
  52304. 6:50 Talk more about how you went from "that" to this, and how you switched jobs. That'd be a nice content!
    2
  52305.  @MichaelBordenaro Definitely. I knew you have made before but definitley time to reshuffle. This time more detailed exp about the struggle and all of that.
    2
  52306. The UK has 4.5 interest rate & it looks likely to go up again at least 2 more times!!!
    2
  52307. if its unbelievably overpriced to begin with, it is not a huge price cut. also, ripping out hardwood and replacing it with plastic is not an "improvement". neither is painting over toxic mold. if I price a stick of gum at $1,000,000. and then knock off $100,000, you could call that "a huge price cut" but the idea that it's a great savings, which is the idea that a huge price cut is designed to foster, is ridiculous. they tried to corner the housing market and forced un told numbers of people into the streets by doing so. Who is talking about the air b and b effect? I hope I'm around to see the day of reckoning.
    2
  52308. I would like to see you do this list again, but keeping it strictly places that are NOT 55+ housing. I'm sure with how FL is and the looking around that I have done most of these are probably 55+
    2
  52309. Do you have tornado 🌪 in Florida?
    2
  52310. Daggone sad
    2
  52311. Hi Michael I am such a huge fan of Florida as I lived in Orlando for a year and 2 months. My dream has been to visit Miami though I visited the keys. How is the cost of living like to live decent in Miami.
    2
  52312.  @MichaelBordenaro  oh ok cool I will definitely check them out.
    2
  52313. Also despite the fact that I love everything about Florida. The only one issue I didn't was the fact of nasty critters especially roaches. What would be the best way to prevent them completely from coming into your home.
    2
  52314. I'm from Malaysia and my rakuten insight survey can't redeem in PayPal,, why is that?
    2
  52315. I still haven't figured out how so many idiots are rich!? Hell I'm living paycheck to paycheck at 38k a year!
    2
  52316. The feds are fudging the numbers. The media is lying . This administration is a big-time fake news. I think 2024 and after gonna be dark years for the economy. I work for a large shipping company. We laid off 36,000 people in 8 months. But nobody's talking about it. The Union movement is going to be major change to the economy and inflation In the upcoming years.
    2
  52317. Thank you Michael 👍
    2
  52318. 35!!! Wow! You have more gray than me at 54!!😳😳
    2
  52319. Canada Trudope said they sold every ounce of GOLD to support the real-estate market. Trudope said mortgage back securities have more value? What say you???
    2
  52320. 20% is not a crash, 30-50% is
    2
  52321.  @MichaelBordenaro  I was going to buy. Now I am waiting for the crash. Multifamily has no upside with the current prices right now.
    2
  52322.  @MichaelBordenaro  real estate in general right now. But I was referring to st augustine
    2
  52323.  @MichaelBordenaro  yeah 100%. I don't know if we should sum this crazyness up to covid or is this just the way things are now? The market and people's lifestyles don't make sense to me right now. What is difficult right now though is to determine what will cause a dip or crash. You would think bidens new tax on the middle class would do it. But it hasn't. Confusing times.
    2
  52324. I would buy that house today IF I had that kind of money. I love the historical homes. But, Good Lord at the price jump in just 16 years! We’ve been in our house for 23 yrs, but it’s value hasn’t even doubled what we paid here in middle GA. Man, when the housing prices/market finally does drop, doubtful anything will still be affordable there in FL. Oh if only we could have retired 5 years earlier! Lol
    2
  52325.  @MichaelBordenaro  true Michael!
    2
  52326.  @MichaelBordenaro  Also, unlike basic Coinbase, the CoinbasePro lets the users to set the stop/limit loss orders where the user sets the stop price and limit price to secure investment against a major drop. The limit should be set below stop to ensure that the trade goes through in case the selloff moves too fast. Most people set the stop loss and the bottom of their tolerance level for loss. CoinbasePro charges fee for this transaction. The fees are somewhat complicated and depend on amount traded and also on if the trader is a seller(taker) or a buyer (maker). The fees can ad up if one trades too frequently. Another disadvantage is that sometimes the crypto recovers fast the trader misses on the potential gain. Stop/Limit is not the ideal selling strategy, but it does help to secure major loss in case there is a dramatic drop in cryptocurrency while you asleep, or something. Some trader don't like the stop loss strategy and rather take out their original investment, provided that they had enough gain and let their investment run. On the flipside a user can also set Limit/Stop buy order if they want to buy at certain price.
    2
  52327. How did home prices almost double in 5 years? 😂
    2
  52328. Thank you I enjoyed your video. I will be relocating to Florida next year. I'm thinking Tampa, Pensecola or Destin. The houses that you found is actually within my price range. So thank you very much and I will be following you f or more properties. 😊
    2
  52329. Reventure has hair, looking good bro 👌
    2
  52330. 8:52 - 🫣😮‍💨 Gotta love the State of NY crappy laws and policies... Punishing the innocent property owners. I will never invest in property in the State of NY either! The NY government needs to be ashame of themselves and fix their crappy laws.
    2
  52331. Banks are in competition with the government for money. Banks are paying nothing and the government is paying 4 percent. Who do you thing will get all of the money? Banks are in big trouble.
    2
  52332. Hello from Texas ❤❤😊
    2
  52333. Good video, Mike !!
    2
  52334.  @MichaelBordenaro  Mike, I’m retired, own a Nice Townhouse in Windermere, Fl. Mortgage free. I would like to buy a Condo as a second home on the East Coast somewhere between Stuart & Deerfield Beach, on the East side of route 1. I do not like High Rises, and prefer buildings with just two levels. I don’t mind if the condo is in need of innovations. I’m well qualified for a no money down mortgage through the VA. Do you think I would be able to find something for around 200 k ?
    2
  52335. I like your videos 👍
    2
  52336. 😂$40k is my annual salary after tax
    2
  52337. Can you have a generator when you own a condo in florida? How are you preparing for the hurricane coming this week?
    2
  52338. The United States is in far greater shape than Europe and China.
    2
  52339. silver is the investment opportunity of this lifetime. And I am a former real estate developer, (a successful one I might add). Silver. No taxes, no upkeep, mobility, fireproof, no insurance.
    2
  52340. Thanks!
    2
  52341. Sounds to me like Florida is trying to drive out the working middle class man and retirees, to take away their property to sell it to people that want to live here and pay those high prices. Where is Ron DeSantis? I liked the guy but he's letting us homeowners down big time!
    2
  52342. Most homes in Vegas lost over 50k for the median home. And I know personally a good amount of people that took some equity loans on their home making them closer to what they owe and what the home is worth now. They’re for sure stressinng
    2
  52343. 😂❤
    2
  52344. Last statement is so true. Life is often a zero sum game.
    2
  52345. i dont think its about envy brother. a minimum wage job cant pay rent in any city in the country, and that was before the rent increase after covid. yea we have AC and medicine and phones and stuff, but we also cant pay rent. thats why people are getting angry. no one pays a living wage anymore
    2
  52346. People have no common sense. Buying a home worth $300k yet you spend $550k on it? What do you think is going to happen. A large percentage of these homes will be back on the market in two years ie people are going to walk away from these high mortgage payments.
    2
  52347. Good Hemorrhaging, that was part of the plan. They deserve to go down connected to corruption.
    2
  52348. Show us the very rich neighborhood. Most expensive zip code in U.S. !!
    2
  52349. Wait until July of 2025 when new Bank Rules kick in. You'll almost NEVER be able to get a Mortgage.
    2
  52350. I don't think it's smart to get married at all these days. The court system is against men and women are rewarded for leaving. Until they fix this system I'm out.
    2
  52351. You painted a rather dire description of how student forgiveness produces irresponsible behavior. Unless you have compelling data, my experience with many students is that they are very responsible in their spending. They are going to college to provide themselves with an ability to live a better life. Perhaps, college tuition should be examined and funded in part by the government and private grants. After all, the future of this country is with our young people, and a good quality education is essential.
    2
  52352. Homes are selling fast at full ask where I live. But it's not going to last. Mortgage rate are going to go back up, the 10 year UST just hit 3.84%.. That's +50 points in less than a month. We could easily see 7% on the 30 year fixed again in the next month or two... perhaps even 7.5%. That'll slow down real estate for sure.
    2
  52353. We have elections in 12 months
    2
  52354. I’m sure if you’re in market for 70 million dollar home you’re worth at least half a billion and probably paying cash. Still insane I think for spending that kind of money.
    2
  52355. Awesome video! keep 'em coming, either walking or driving both ways are very enjoyable. Can't wait to go in July! Thanks for posting!
    2
  52356. Ok, now I really want to live there 🥳
    2
  52357. Overpriced by about $1M
    2
  52358. 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾 🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊 👏👏👏👏👏👏👏👏👏👏 🎈👍🎈👍🎈👍🎈👍🎈👍 CONGRATULATIONS 🎉🎈🎊🍾 on getting to 150,K SUBSCRIBERS ❗️❗️ So awesome and I’m proud to be part of this. You Da Man Michael😊😊😊 Next goal is 200,K by this Summer 😊😊😊 Thank you and blessings, C Los 🙏🎈❤️👏🍾🙂
    2
  52359. Just look at Florida on a map. It's really nothing but a big Sand bar with Ocean on 3 sides. Homes are not insurable in Florida anymore. An insurance company is in business to turn a profit, not go bankrupt every time a hurricane makes landfall. Ask Warren Buffett, he owns GEICO insurance
    2
  52360. I am one of your ads for your website.I tell all my friends to watch. Really enjoy it.
    2
  52361. What about this - what if in the future we have massive homeless population and costs keep going up everywhere with no inventory - who’s to say this is not the new normal
    2
  52362. There are to many underlying structural problems in the economy to avoid a recession.
    2
  52363. Mo money is just mo problems the profit Bigge smalls was right 😂❤
    2
  52364. Preach...brother...preach
    2
  52365. Bricks and Gold is what the nonna said and we’re following this advice. It has never failed us.
    2
  52366. I love the cat.
    2
  52367. Does this part of florida get hit by hurricanes?
    2
  52368. Funny when you point out the obvious facts about the FED.
    2
  52369. Look at that Michael. You and Dan are back to back on utube.east coast vs west coast .you guys got to meet some time.
    2
  52370. An educated consumer know when to buy or sale based on their income and future living style.
    2
  52371. They are lying when they (PiP) say consumer spending is up! How can that be as broke as people are? What a crock and gullible folks believe it! They=People in Power!
    2
  52372. You mean like our gov policy...of buy now pay later of 31 Trillion dollars of debt and putting this on future generations. Its seems to work for our gov so it should also work for us..... right. Just don't pay it off and go to a cbdc and erase the debt. Easy Peasy.....LMAO! 🤣
    2
  52373. The things you mentioned are not a “protected class”
    2
  52374. Been waiting to buy a home since 2020. Specifically avoiding any hoa.
    2
  52375. These videos are the original roots of this channel. Glad to see them again. 👍
    2
  52376. ❤
    2
  52377. Judges get paid off too. Corruption on all levels.
    2
  52378. Well your always full of good news
    2
  52379. 🙀
    2
  52380. AE flood zones are areas that present a 1% annual chance of flooding and a 26% chance over the life of a 30-year mortgage, according to FEMA. The insurance cost makes sense when you take that into account. 20k over 30 years is $600k. Cost to replace the house is much more then that.
    2
  52381. Love this video, that your speaking from experience. I’m from Houston and been itching to move to clear water, visited there once as a kid and remember the beach being amazing which is my main concern of the place I move to and was really happy to hear you mention it on this list.
    2
  52382. I like your minimalist life style !
    2
  52383. Good vlog. So few talk about this. I wish I can find the research... In FL the model suggested the imbalance of boomers retiring to FL vs those departing (naturally) will be neutral to population growth...come middle of this decade...and begin to turn negative there after
    2
  52384. Don't walk into any of those 🌵🌵🌵
    2
  52385.  @MichaelBordenaro  exactly. I 100% agree with you. I was no to shutdowns too. Made 0 sense. And look at what we are dealing with now. An overheated everything and it’s all about to bust soon here!
    2
  52386. Thank you! Very interesting!👍
    2
  52387. I Live in south Florida and people do seem to have limitless spending. New Automobiles, clothing, vacations and especially restaurants!!! Breakfast, lunch and dinner places are always busy!!
    2
  52388. All fugazi sales tactics. Consumers need to educate themselves to avoid the pitfalls.
    2
  52389. Looks like North Beach in Miami Beach
    2
  52390. Lets all buy now!!! LOL😂
    2
  52391. These walking tours with narration are great Mike! Thanks!
    2
  52392.  @MichaelBordenaro  doing a lot of research right now. Finding it very difficult to find a rental within 10 min walk from the beach, in an area that also allows airbnb, in an area where you can also surf within a 30 min drive lol. I want to live there half the year and file taxes in FL, rent it the ornery half of the year. One of the reasons I thought I liked FL so much was because it's supposed to be free-er. But with so many municipalities restricting short term rentals, I'm beginning to rethink the free-er part 😅
    2
  52393. Yep, when you talk about real estate, bit coin, etc. It is indeed a matter of when. If you bought 3000 dollars worth of gold in 2004, it's worth around 22 thousand today. Decent investment.
    2
  52394. Great content today
    2
  52395. The development wave will go too far, over build, and drive prices way down. It's happening with new apartments coming online in 2024. This is just another cycle i have seen in my 60 years.
    2
  52396.  @MichaelBordenaro  Yes you are right! We are both born here in the U.S. so we have seen the problems and joys here. And we have the warm cities here that I like. From Canada doesn't have the cute warm cities. But Canada is a close second nation. Then the UK is third for me because you can take the train or airplane to warmer cities in Europe😀😀. But overall, home is the U.S.😄😄😎
    2
  52397. Please, Michael didn't you listen to his commercial? The American people know he has made all prices better. We are all prosperous now and it is because of him!!! LOL, SAD.
    2
  52398. interest rates are edging up ...
    2
  52399. OK Michael, I’m sorry but I cannot help myself but have to ask you, Why are you doing a video on California when you’re all about Florida and wanting people to move to Florida? I mean, is this a legitimate question to ask? You did some videos comparing both states and the pros and cons of living in each, I assume indicating the advantages of living in FL vs. CA. You did another video warning Californians in case they wanted to move to FL. ? So which is it? Do you prefer one state over the other?
    2
  52400.  @MichaelBordenaro  that's a good sign. I would love to move down there. My girlfriend is a speech pathologist. She is going to dunedin tomorrow from Connecticut to look at condos. We are sick of the northeast.
    2
  52401. Visit German in Venice
    2
  52402. For mobile homes or homes in general, it's all about location. If you're retired and move away from the major cities, it's possible..
    2
  52403. Great video to wrap up 2022. Let’s hope 2023 is great for everyone!
    2
  52404. It's too hot over there, most of the time. The sun is too strong. The red tide is nasty. It's a boring place. The east coast beaches are better.
    2
  52405. I liked that comment about the stimulus being a high interest loan. Since I made ‘too much’ money, I saw no stimulus. 10 weeks of enhanced unemployment was less than my salary. So yeah, my money is getting that sweet high yield savings while all the stimulus recipients spent it all because most of them never were responsible with that much cash before. Going forward, any government assistance needs to be a very controlled program like old school foodstamps. No more free money ever again
    2
  52406. Nice guitar play. Thanks for the info as always.
    2
  52407. It sounds like you’re blaming remote government workers for leases being maintained on government offices. Workers shouldn’t be forced back into the office to artificially prop up the commercial real estate market, restaurants, or any other business.
    2
  52408. If I have no debt, how does this affect me?
    2
  52409. I’m 30, no children, no major debt, and decent tech job in San Francisco. I want to build my REI empire. What should I be doing/where should I be investing my money?
    2
  52410. Please help me out Michael
    2
  52411. Its the Humidity that does me in, so North Fl better. Like your channel, new sub. From Northeast like Atlantic ocean and that it circulates the water vs Gulf side. Plus cooler more refreshing.
    2
  52412. This video was great. Your mother is charming and down-to-earth. Seems like she gave you lots of lovely holidays and introduced you to Florida. I love all your walking videos. Loving your Colarado trip. Keep up the good work.
    2
  52413. All these crazy stories are from the ones who rely on selling homes for income. We all know the truth and should follow the REAL NEWS. Thank you Michael for Bringing that to us. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  52414. Metro Home Builders in Naples has called it quits, leaving its customers in a lurch. I wonder what happend there.
    2
  52415. Love your contents! Thank you!
    2
  52416. Freedom, not trapped in debt.
    2
  52417. Love your content! Don't change a thing! We don't want the sugar coated version of reality, we're all on a diet of facts!
    2
  52418. in in canada wages aren't coming up like that. libs are liars
    2
  52419. WELCOME TO MIAMI!!!
    2
  52420.  @MichaelBordenaro  That's true, the house was Frank's house I believe. The scene where Tony Montana tells Frank's wife (Michelle Phiffer) he wants to marry her.
    2
  52421.  @MichaelBordenaro  I thought that last scene was in a studio. Interesting. The house is on Star Island right?
    2
  52422.  @MichaelBordenaro  Thank you for this video and information. Keep up the great work.
    2
  52423. I mentioned on another video that this is legit the last tent pole the administration is using to prop the housing market up. To me this also suggests that the Fed and the current administration are legitimately at odds with each other. Powell has come right out and said that the housing market needs a correction and now the administration is trying to push more people into the market.
    2
  52424. I am not sure whether I would want my name and my mortgage and HELOC borrowing history published in a YouTube video---you should be more considerate in maintaining someone's privacy, and redact this person's name at least. The mortgage / HELOC info may be public information, but nevertheless... No offense intended, I otherwise do like your well-researched videos!
    2
  52425. You mean things are going WELL, not good (@ 3:56).
    2
  52426. I think because of inflation, price will continue to rise.
    2
  52427. Hello again from Washington DC, Spring has arrived.
    2
  52428. Thats super high compared to our market. Here that would-be 250 to 350
    2
  52429. 6:55 🤯 damnnnnnn $13k to $30k?! sheesssshhhhh
    2
  52430. The r word will be swept under the rug til after elections
    2
  52431. Good job Michael 👏 I enjoy your channel as a R.E. Estate Appraiser in CA
    2
  52432. Wow
    2
  52433. ANother great video on FL real estate.... What the heck is going on with Electric Co price increases??! Check out LCEC (Lee County, Fort Myers, Cape Coral) recent price increases. 50% + in one year!... It is all over the local news here. Revolts are happening
    2
  52434. I love your videos💙
    2
  52435. You are just telling it like it is
    2
  52436. Spending is up on tattoos and nose piercings! This is holding it all together 😂. Student loan forgiveness! Give me a break, deadbeats, and pay your own debt.
    2
  52437. 19:54 You are spot on. I admit I was wrong on that one.
    2
  52438. Happy New Year 🎆
    2
  52439. I wonder if this will be a cat and mouse game. Fed hints they are slowing rate increases. Pension funds run out to buy treasuries, lowering the 10 year and moving inflation back up. This forces the Fed to raise rates more. Rinse repeat. In any case - I am not buying yet. Still need to see rates go higher to drive demand lower. I think rates will stay high for a while and folks thinking they will refinance later are misguided.
    2
  52440. I used to go to Ft Myers from NY hopefully it's not that bad when I go next time. To move to florida to retire that's a thing of the past. You can't blame the people form the north fleeing the crime and bad left wing issues like them revoking bail in NY etc... People are scared and more republicans fled by far than dems and Florida is a red state now. But I always dreamed of trying to buy property to one day get out of NY but even in PA the property prices are no longer low.
    2
  52441. Never trust a home inspector who got his/her license via an online course.
    2
  52442. Election year magic 😂😂😂
    2
  52443. Go check out your local coin stores people!
    2
  52444. Dude, that house sold for 2million is valued at 1.9 million now. 5347 La Gorce Dr, Miami Beach, FL 33140. this one sold for $2 million last year and it is over $4 million. What is going on? What is going on in Miami Beach? the price has gone up more than twice in the last 12 months. What is going on?
    2
  52445. So sad. Prayers for the people and they're families
    2
  52446. But the bonkers guy says it’s all going to crash soon…
    2
  52447. I totally agree!
    2
  52448. ​ @MichaelBordenaro I also can't refinance during those 3 years but I'm fine with it.
    2
  52449. Great video as always Michael. Very informative
    2
  52450.  @MichaelBordenaro  , I’m a potential buyer (I’ve bought and sold 3 homes). I’m not gonna flinch.
    2
  52451. Hey now!! TGIF
    2
  52452. Hi Michael. Has there been as much variability in the prices of houses per square foot as there has been in the median sales price?
    2
  52453. I agree about retirement. The idiom of "idle hands" is a thing for a reason. I think especially for men it's hard for us to not do anything. As long as my mind stays fresh as a software engineer I feel like I could work indefinitely. The history of mental decline in my family shows that I should be good until at least 90.
    2
  52454. @18:52... Hi Lizzie and Michael, aren't those guys skateboarding required to wear a helmet ? just curious...I enjoy ur long walk in Venice such a beautiful view...Happy Friday enjoy ur day 🌹.
    2
  52455. I oversee and process car deals for a living for a large number of various dealerships. The amount of people who are paying over sticker for their new cars or are signing off on loans with 15% to 20% interest rates is..baffling. Completely baffling. Used car sales are just as insane. I understand sometimes you need to buy a car. But you don't need to pay over sticker. I didn't. Most people I see though are trading in nice usable cars and happily signing off on absolutely terrible deals.
    2
  52456. 👍
    2
  52457. Wowww, very disturbing
    2
  52458. So many mortgage companies boomed during the Refi period and had no talent or people with referral relationships for sustainable business. Mortgage is a full commission game, no money if it doesn’t close.
    2
  52459.  @MichaelBordenaro  the best review about Florida in whole YouTube🙌
    2
  52460. Your such a beautiful couple, also I agree with you about saving money, my JonPaul says he has to work more. I say we together, we must save more. Those everyday habits, can surely become costly and therefore wasteful. Take care now.
    2
  52461. I am in Modesto Calif. 2 hours from the ocean and 2 hours to the Serria Neveda mountains...4 hours to the Mojave Dessert...and a 2 hour flight to Vegas or a 8 hour ride on the motorcycle...other than that California has a lot of problems that I would like to escape from. My best friend moved his family to Ocala Florida this past winter...
    2
  52462.  @MichaelBordenaro  Planning a road trip next spring...The flying bugs and humidity are enough to keep me from moving there...
    2
  52463. Oh yeah. Get me some of that prime Florida real estate right on the beach. Every time a hurricane has a new name I have to evacuate north to get out of town. This so I can leave my belongings unattended knowing that either mother nature or marauding criminals will smash into my digs and take what the hurricane left. Gimme some Florida baby!! NOT!!!
    2
  52464. Loan to value rate will end up sinking a lot of people when they try to refi down the road. I got in 2008 with some investment properties, beware.
    2
  52465. hello Michael, thanks for your excellent videos, I have a question, how bad do you think a hurricane could hit the sunny isles buildings on the oceanfront? do you think it's dangerous to buy an apartment in front of the ocean in the sunny isles area? do you think the sea level can reach collins avenue during a hurricane? please let me know
    2
  52466. Smart 🧠 advice . Self insure insurance companies are criminals you will find that out when you need them .
    2
  52467. Realtors should know if a building in on the list. Hard to keep that info private very long.
    2
  52468. The foreclosure filing States are your usually suspect's. So we shouldn't be suprised. I know quite a few loan officers and mortgage brokers. That already got their walking papers. So yeah hold on tight boys and girls its gonna get bumpy.
    2
  52469. LOVE your vids,but STOP SAYING LITTERALY SO MUCH PLEASE!!!!!! :/ kids/TEENS say this!!!!!...... your vids are really,good man....thanks.u say it wayyyyyyyyyyyyyyyyyyyyyyyyyyyyy to much...
    2
  52470. The FED will not pivot. .25 increase again.
    2
  52471. Thank you for posting this!!! It’s exactly what I was looking for. What is the address?
    2
  52472. Love it
    2
  52473. What beach is this????
    2
  52474. Siesta Key is my favorite place to be. My husband and I spend two to three months there during our cold Wisconsin winters. We spend our time on the private part of Crescent Beach where it's a little quieter. Can't wait to get there next January.
    2
  52475. Right now we are paying the year 2030 prices in 2024 for everything, no doubt about it We're heading for a bad reception and we'll be in it for years we really enjoy your videos adam has a lot of great ideas and his insight is fantastic. It's so good to see him on the show really enjoyed it, a lot of us are headed over to his channel
    2
  52476. I work for one of the big home builders in South Florida. Our projected closings this year has dropped about 20-25%. Almost seems like overnight everything shifted.
    2
  52477. Where can we find the foreclosure data you mentioned? Thanks
    2
  52478. Nice area and nice weather and I would rather live in one of those houses near the condo's
    2
  52479. Interesting video! I like it but I see that house are expensive! I am interested in a small house and cheap price 🤔
    2
  52480. Really great video Michael, thank you for this! Happy Weekend!
    2
  52481. You are so wise. That is a silly tax incentive.
    2
  52482. Capitalism at its best.
    2
  52483. Every once in a while, you should grab either a real estate agent or a broker friend to join you and let them tell us trends that they have also been noticing - a little conversation between the two of you. Not for every video but just a little idea for future ones to switch it up every now and then.
    2
  52484.  @MichaelBordenaro  thanks I’ve been looking for a calmer spot
    2
  52485. Just tell me when- need to buy first condo in Fla. When I get a deal!
    2
  52486. Great video Michael.. bookmarked this video to watch again later when I'm ready to buy to make sure my agent doesn't tell me it is what it is.. fellow paisano in Vegas ty bro
    2
  52487. Im diggin the outdoor touring Miami videos.
    2
  52488. 👍
    2
  52489. I have been shopping since 1960. I can tell you what anything cost from then to today. The public know that the people that run this country are liars, greed has gotten a stranglehold on us for the past 10 years. Great economy for those that have never been in a store, Shareholders, CEO's Democracy is gone, & criminal capitalism has prevailed. Goodbye America. I've been buying gold since 1970, so I feel a little safe.
    2
  52490. 2 of the top 3 real estate vloggers in one place
    2
  52491. Sounds like a tax fraud scheme
    2
  52492. Wow
    2
  52493. Hey
    2
  52494. i ordered a folding bike from amazon 75 pound price thought was amazing seller said it would come when it does it never arrived i was so angry i bought all accessories for it lights and stuff
    2
  52495.  @MichaelBordenaro  I've put In for my refund what makes it worse I needed it for work to cut down on travel expenses it said it was shipped and everything it's totally wrong then the seller took them selves off the market place
    2
  52496. Thanks for your insights, I'm following the strategy you're talking about. Just sold larger home in AZ to downsize and plan to move to St Pete in near future to be closer to my elderly Mom. I will be either renting, or, hopefully able to make a cash offer on a very small house or town home. I'm debating between renting vs buying there. I appreciate you sharing your knowledge with us!
    2
  52497. It's anybody's guess right now but personally, I don't see a crash in the real estate market happening unless we first have a recession. The reason I believe this is because the lending standards are far superior today than what they were in 2008 and a lot of people are sitting on a lot of equity in their homes right now. Also added, is that many people are discouraged from selling because they will need to purchase another home at higher interest rates. However, if a recession happens and we start having massive layoffs across all sectors of the economy I can see these same people being forced to sell to avoid defaulting on their mortgages, causing home prices to plummet.
    2
  52498. 5:00 ... The Fed is kinda stuck in the mud regarding QT and it's intentions of selling off RMBS. The vast majority of these pools on their B/S have coupons under 3. Hundreds of billions of Ginnie Mae's as low as 1.5%. These are trading in the low 80's... if they trade at all. There's little liquidity and the spreads are huge. No one wants them. The dealers don't, the pensions want higher coupons. So the Fed's NY trading desk can put these out on the market but they are not going to get a bid for $80 billion in Fannie Mae 2's. Just not gonna happen. They're are going to have to get creative or else these are gonna be on their B/S for 15 years.
    2
  52499. The Fed has created a disaster!
    2
  52500. HE HAS A FACE! 😂
    2
  52501. Would it be better to buy a condo, or a townhouse in Florida? I was originally looking at condos, but saw a townhouse I liked, not realizing I'd be responsible for cutting the grass and the roof.
    2
  52502.  @MichaelBordenaro  I did put a bid on it, but no money down, I spoke to another realtor who said I could still back out if I wanted to, your thoughts on this?
    2
  52503. Notice the common thread of the States that you listed where prices are still going up.... geez I wonder why. Thank you Michael. Look forward to your video everytime.
    2
  52504. Thanks Michael! Good one!
    2
  52505. Iam a trucker and always had a job. Iam making more money now than before. I understand people that have college degrees but it's hard to find a steady job
    2
  52506. Plantation is very quite just saying. Always watch your videos man, good stuff.
    2
  52507. Boomers read the news and listen to Michael, so we know it's tough to impossible for first-time house buyers.
    2
  52508. You don’t see business picking up again? It’s gotten busy in my market again.
    2
  52509. It’s crazy what they’re charging for rent out there. I’d suggest all the folks renting there just move to CA and buy. You’ll get a WAY better house with some fire amenities. I thought CA was expensive but maybe I was wrong 🥴🤷🏾‍♂️
    2
  52510. Mike I repeated oil prices will continue to increase (mainly the war in the Ukraine). As a result the returns are great. Corporate bonds are getting 7% for high quality paper.
    2
  52511. I like your video's; keep up the good work.
    2
  52512. I just don't understand how can Powell pump up the market so well that it won't decline even though I hear everyone is talking about a recession and how bad it is ...
    2
  52513. When you go woke, you go broke. As much as florida gets bashed, I’ll take the less crime with desantis
    2
  52514. I'll never own a home and rent it out. Too much government involvement and it's never good for the landlord or homeowner.
    2
  52515. You forgot your hammer and sickle Michael
    2
  52516. i watch both you guys awsome!
    2
  52517. Well to believe in the American Dream—you’ve got to be asleep.
    2
  52518. the countries going into a Great Recession
    2
  52519.  @MichaelBordenaro  Until the friendship is no longer convenient and one has to reevaluate the relationship. We were once allies with Stalin. Or, Chiang Kai-shek and Mao. Even bloodier, even still today, followers of Gandhi and Nehru. I think the BRICS countries are delusional and destined for failure. Think of struggles the Euro went through. It has been declared dead dozens of times. The economic differences and focus of BRICS nations pails in comparison to EU nations. My predictions have been wrong before but I just don't see the alliance lasting.
    2
  52520. Congratulations 😎
    2
  52521. Hi Michael how can you be behind at 11% increase! 11% is very high, and I do not think that is normal? comments? How can people pay 11% increase YoY in any state? or pay this ridiculous increases. That is why retired people move to Mexico and South America.
    2
  52522. What about all the Becky’s and Karen’s with the leased beamers and Lexus that won’t be able to afford their bills now that they can’t grift off other peoples hard earned equity? Do you just expect them to get real jobs?
    2
  52523. When is the government going to fix this issue?
    2
  52524. Let me quote, whoever said this first: “They have no skin in the game”
    2
  52525. If the ocean washes away the sand, what's left then--a dirt base?
    2
  52526. Speaking of leaving. I live and own properties in Costa Rica and Panama. In the last year, I am seeing more Americans move to the aforementioned countries, and buying million dollar plus properties! The million dollar property markets are moving faster than the half million and below properties.
    2
  52527. Their reality is ' status quo ' fear of change they wont stop throwing jars of gas on the trash fire - until they go up in flames
    2
  52528. I just checked the prices in Zillow, still crazy high! When do you think things will go down in south florida?
    2
  52529. No I don’t think investors will save the date investors only looking out for themselves with no investors in Akron and save the day no not at all it’s bigger than the investor and the investor is going to realize Shnalle Grant Cardone in Black rock there’s a lot of information out there for the elderly banks will give you information on your home so there’s a lot of information that people can be provided with if they just took the time to do their research and also listen to YouTube videos with Michael who is a who give you keep your well informed as well so I think people need to really look out but now the inves
    2
  52530. You suggested Government forces price hike limitations… 🤣🤡 yeah I already lived in USSR where they tried it… gtfoh
    2
  52531. So enjoyed the video. I really agree with your opinion about college degrees. Nothing compares to on the job learning/training! Thank you for sharing your time and knowledge with us.
    2
  52532. I can’t find this my safe Florida home website
    2
  52533. Hey man, great videos. We are moving to Naples soon and so have been doing our research. We are beyond excited. I watched your East Coast/West Coast video, and I am excited about the laid back nature of the west coast, but a bit nervous about the red tide! I will also be heading east frequently to surf. Based on your accent I bet my son you were from Chicago ( I am from Evanston). Then you said Illinois this video, where are you from in Illinois? Keep the great videos coming!
    2
  52534. Trade should be reciprocal. They close US out and we close them out.
    2
  52535. How about the Villagers
    2
  52536. Almost! #2😁
    2
  52537.  @fusion82  Yep, almost! We're Michael's Super Fans!
    2
  52538.  @MichaelBordenaro  didn’t see reply sooner sorry, but thank you! Coming from NY and can’t stand these winters anymore!
    2
  52539. Condo maintenance is decided by the cheapest members of the association.
    2
  52540.  @MichaelBordenaro  My knowledge is very limited but, apparently there is a type of concrete that is much more dense, the type used for bridge pilings, that may be necessary for coastal concrete construction.
    2
  52541. Nice job on the video, it’s like going back in time. I’m in Naples, totally different vibe. Thx for the tour, your talking was enjoyable and interesting
    2
  52542. Maybe costs have gone up for sure. But that girl about tripled her money when she sold
    2
  52543.  @MichaelBordenaro  Yes, I see what I am paying for. Those air rights and beautiful view. So, I take it that is the SouthWestern side of that building. You said Fisher Island was on the balcony to your left. So the director way that building is built that view is more South West?
    2
  52544. Houses in this neighborhood are next level
    2
  52545. Imagine buying a house from a Realtor a month ago who told you now is a good time to buy and a month later, that same Realtor telling people it's now a terrible time to buy...... :face-green-smiling:
    2
  52546. Living on the beach is a LIFESTYLE. I am 4 miles away from the beach now and I really miss it.
    2
  52547. Solid info man. Thanks for all the great content Michael.
    2
  52548. When are you going to do a walk through Liberty City?
    2
  52549. FIRST
    2
  52550. Yup... Delia and I going to the Philippines in October for almost a month....we just may decide to move there....I'd be able to save so much and build a huge investment account....
    2
  52551. I would have to question the Riverside stats since my daughter just upped her lease & I know she didn’t get a break.
    2
  52552. Interest rates won’t go back down to 3percent for another 10 years or more. Keep your home with lower interest rates .
    2
  52553. Wow. Great info on the Condo Questionnaire!
    2
  52554. WhAt goes up must come down lol .
    2
  52555. Are you able to renovate or would you need permission?
    2
  52556. What do you think of the Naples Market? Same story as Miami?
    2
  52557. Thanks!
    2
  52558. ❤
    2
  52559. I enjoy the content and the perspectives
    2
  52560. The latest is black rock is buying houses for illegals to live in and the gov. Is going to pay 15k /month per house, crazy!
    2
  52561. If I understand correctly, 4.3% fewer transactions are taking place.
    2
  52562. I love the winter here!
    2
  52563.  @MichaelBordenaro  don't miss winter up north. Another great video. Happy New year!
    2
  52564. Strange that Citizens fails when it scales!
    2
  52565. Happy Easter Gize! :)
    2
  52566. Karma Will come back to bite the seller!
    2
  52567. Thanks Mike, that was interesting and knowledge that was much need for many of us. Love your channel. Happy Trump Day !
    2
  52568. My husband and I were going to find a place at first and then we couldnt really find one in Florida right away and it was too frustrating so we got a off grid rig so we can travel all over.We owned our house for years and no.It is not for us we don't like being tied up to one area.My kids are grown and even if they weren't they were home schooled so it could have happened years ago.
    2
  52569. Joey is gonna have Fannie/Freddie give 1 year mortgage forbearance and demand it not show up on you FICO :). Remember the student loans (Supreme court who?) waivers. and now more ca$h on second mortgages theough Freddie. 😂
    2
  52570. Get rid of the money system. Problem solved.
    2
  52571. Michael, I hope you can relax & have a more positive outlook on life in 2024 & beyond. We just had a recession in 2020 & another one is not guaranteed in 2024 or anytime soon. The Fed will do all they can to prop up the US economy in the 2024 election year & when Trump gets back in office, he’ll get the economy going again & GDP back over 6% with his aggressive growth policies. So marry your 15-yr girlfriend, have a couple kids & get a job with exc. benefits & a 401k so you’ll have lots of savings & a decent SS check one day. Move further N in FL where the COL is more reasonable & just put out a couple videos a week in your free time now that you have your subscriber base built. You already have the right conservative living & spending habits & you’ll be fine financially. I lived the same way & am now very well off as a result. Don’t let a full life pass you by worrying about the economy as it’s been cyclical forever! Bob S.
    2
  52572. You have a great barber; but please let them take your sideburns up higher.
    2
  52573. My folks moved from Miami to Ocala when I was in college back in the '80s, and I've loved it here ever since. I like taking roadtrips. Name a town in Florida and I've probably been there. I joke that I'm the unofficial Florida Chamber of Commerce. Ocala is ideally located for daytripping. You can get almost anywhere in Florida in about 5 hours. You can get to Savannah Georgia in 4 hours. You can get to New Orleans in 10 hours. You're within a couple hours of Orlando, Tampa and Jacksonville. as well as the east coast and west coast. So there are lots of options in the area. I hope you get to see more of Florida. Favorite drives are US 1 through the Keys, Amelia Island A1A from Fernandina to Mayport, going all the way around Lake Okeechobee and US 98 from Panama City to just south of Tallahassee. The last two are great for seeing old Florida. Keep doing what you're doing.
    2
  52574. Thank you Michael Always great content. Blessing’s, Carlos ✝️🙏❤️😊❗️
    2
  52575. ask michael burry
    2
  52576. Do you think the FL market will implode at the same rate as other ‘Inflated’ markets, considering a lot of the houses purchased in FL in the last year and a half were cash deals?
    2
  52577. Were renters complaining when the Feds instituted a moratorium on rent? I had a little compassion for landlords when they were stuck with mortgages and their cash flow was shut off. I think the whole ARBNB phenomena and hedge fund investments have skewed the whole housing scene. I don't know how this works out.
    2
  52578. Great vid, been on my mind too, How about Airbnb your condo and moving there in summer times to cover the majority of accommodation expenses? its what I do in winters to move to Florida, almost rent free :)
    2
  52579. Like the idea but wouldn’t realtors tell every seller to wait the period to get the max. I like the idea of taxing investor purchases to offset the higher process they outbid. Something has to change to dissuade investors esp cash buyers like a 7 percent tax. Same property is then cheaper for a normal borrower
    2
  52580. Great video. I used to like your videos because I thought they provided an unfiltered look at what was happening on the ground with the economy. This video demonstrated that you also have a good understanding of the problem (ie Broken Money). Well done. Nothing wrong with gold but it can never function as money except in a local economy. Bitcoin is the final answer.
    2
  52581. This is so tragic. Glad you and your lady are safe. Horrific to see this and the lives lost.
    2
  52582. Michael, I cant' tell you how happy I am to see your videos. I look forward to them like opening presents on Christmas day. p.s.. Can I get an invite to your house warming party on that first house in Sausalito which you an Lisi will buy as your vacation home? lol
    2
  52583. Your story is wonderful ! Your ideas are great ! Lizzie is beautiful too 💕 I agree with you about keeping roots and traveling . That’s smart . My husband recently retired and we feel the same way . We’d like to take off and get away at the coldest time in the winter . I purposely watch shows on tv for the different locations . I know your dreams will all come true .💕💕💕💕💝💝💝💝
    2
  52584. Facts
    2
  52585. In many parts of the country you could sell your home right now but your stuff in storage travel the world for a year or just rent a place for the next year wait till the market bottoms out and buy your house back for half price. Yes the interest rates will be higher but when interest rates come down again because everything cyclical in a few years you can refinance at lower rate but you only owe half the money. I'd rather sell at maximum value and get all the equity out of my house.
    2
  52586. Thank you
    2
  52587. So beautiful, thank you for the videos
    2
  52588. Merry Christmas
    2
  52589. Australia Day 2 and all seem's well so far and I Agree 2023 Best Year Ever.
    2
  52590. Maurice Ferre was the mayor of Miami during the ‘70’s and ‘80’s. He was born in Puerto Rico.
    2
  52591. The decisions are fed makes are based off of a reactionary. They see something in the economy for long enough that's when they decide to make a change in guidance. I equate the fed decision to change rates as a locomotive filled with hundreds of cars on a track going 70 miles an hour compared to a semi on the same straightaway being the data. When the data changes it can change a lot quicker, moving in a different direction having to stop a lot quicker and being able to speed up a lot easier compared to the locomotive that takes multiple miles to slow down but there's no change in directionuntil they get to a specific location to change tracks. Because of those difficulties with the Fed it is nearly impossible to have what they call a soft landing.
    2
  52592. Are the requirements for a Florida real estate license to be 18, take a 60 hour course, and pass a state exam? I've been a real estate broker in WA state for 18 years, and that's pretty much what our requirements were here when I got my license. Nowadays, I think they upped the class to 90 hours. No college degree required though, but you can substitute a real estate degree for the requirements.
    2
  52593. Ok. My brother is now aware of the market going downhill. He was looking at these brand new homes in Victorville California. (Desert Willow Village) The one he likes is like $510. Brand new, 2000 Sq ft, I think. The sellers seem eager to get my brother to buy. The first set will be finished on December. And the second set in February. WHAT WOULD YOU DO? If my brother really would like one. And the seller seems like they really want to sell
    2
  52594. Those people are delusional if they think those small houses with a pool, warrant a 3 + million dollar price tags! You are right…we all need to dial it back.
    2
  52595. i bought my house with a VA loan. no money down. young people should join the military to partake in the benefits of being a veteran.
    2
  52596. I am glad to hear that you and your wife are doing well financially and have made some smart decisions to get to where you are at today. You shared a lot of good financial advice. It is good that your wife is not high maintenance person. you look great together as a couple
    2
  52597. Being debt free is the best luxury!
    2
  52598.  @MichaelBordenaro  Thanks for those videos Michael. It will be interesting to see if condo property market will be affected.
    2
  52599. almost looks like its a king tide ....
    2
  52600. Yeap. I’ve seen some new construction houses that has reduced their price by 1/3 (over 100k reduced) from initial listing here in Charlotte, NC 🤣. Then again, it does make sense since it has been on the market for over 366 days lol
    2
  52601. Glad mine can take care of themselves there in there early 40s it's hard to afford a spouse unless you both work.
    2
  52602. Ahhhhhhh
    2
  52603. Great Video Quality
    2
  52604. Never living in building sorry!!!
    2
  52605. ❤❤
    2
  52606. Sell now buy again in about three years. I know it's a gamble but that's how I'm betting
    2
  52607. I like your video and most of what you do but whear you live is not normal
    2
  52608. The Fed raising rates precipitously was a disruption for banks and insurance companies that bought bonds with money they have in hand. That might be the straw that broke the camel’s back. The US is devolving into a 3rd world country (people who live in the 3rd world don’t have all these fancy financial services or rights we enjoyed until recently). Like 3rd world countries, our politicians don’t care about the average Joe (they only care about elites, like the big corporations and the billionaires). At least the 3rd world is cheap.
    2
  52609. Yeah I was shocked to see Palm Beach on the list.
    2
  52610. I love you my man, but what you are stating is crazy, that can't be possible, 50%!!!
    2
  52611. Hello
    2
  52612.  @MichaelBordenaro  the race track is all gone now . My boys ride in Rockford il or byron Illinois now .. we really love your videos.... we just are still unsure of the world and scared . My rubicon can pull my boat to my lake but not to Florida so even looking for a beater truck lol
    2
  52613.  @MichaelBordenaro  in " Bidenomics" apparently it is hahahaha
    2
  52614. Just goes to show you that the media, business journals can't be trusted. Go with what you see with your eyes and what your gut tells you.
    2
  52615. All the jobs I found have been sub $20 an hour unfortunately but lots of $10 an hour jobs with no career potential are available
    2
  52616. i HAVE NO CREDIT CARD DEBT....I PAY IT OFF EVERY MONTH...............DEBT IS SLAVERY
    2
  52617. Man thank you for this video 💯 I don’t know much about rules & regulations until I saw this video
    2
  52618. My parents lived in a manufactured home addition in Florida where you owned your lot. There is a mobile Home park 3 miles from me where they had a choice when they move in. Own your lot or pay a monthly rent fee.
    2
  52619. Very sorry event, you have to wonder about the prices of condos in high rise building in Florida going forward. There are high rise condos all over Florida, up and down both coasts.
    2
  52620. Too funny preach...
    2
  52621. I really enjoy your videos I am the guy who spent years figuring out how to build reasonably w-lower insurance, lower payments and also be able to withstand 250 mph winds and maybe 2% interest rate the only reason Is because of these videos. Yes the truth is I am American real hands on people , this video made up my mind. Worked on for 20 yrs, All ground work has been finished. I was not going to comment but I thought you should know. Why we are American loved doing it. Do not comment I am giving you a Birdseye view of the real new future. The next f500 Corp houston.
    2
  52622. 😁😁😁😁😁 Do a rent with option I sold 3 that way,
    2
  52623. yea just dont buy a cheap stamped paper house. Buy one made of stone and concrete.
    2
  52624. Good points, good info. Thanks. 5,000 a month? $7,000 a month to rent? So I’m saying to myself I have a really good deal at $1,550 a month. And you can pay your $5,000 walking dogs?.So I’m asking myself why did I go this supposedly good college? Something somewhere with somebody (maybe you? Or maybe ME, 😳) is out of whack. Really scary point though is the RATE of increase - for everything! Geez.
    2
  52625. 👍
    2
  52626.  @MichaelBordenaro  The landscape out there is the total opposite of Florida. Which might be one of things that really attracts you to Cali. Same thing for us northerners visiting Florida. Our winters last long and we barely get a couple months of swimming in cold waters with big waves. Going down there is like paradise! I agree on the iPhone. It's too nice for this kind of mission. While I don't see a lot of underwater footage.. I do see myself beach hopping, kayaking, fishing and potentially snorkeling the reef again. On the last snorkeling trip there was a Caribbean Reef and Nurse shark literally right next to me. If I see anything like that again.. I'd really like to get decent footage. We don't see stuff like this up north!
    2
  52627. ​ @MichaelBordenaro  Seeing stuff like that makes my day! I'd normally have to check my bathing suite after a sighting like that..lol People report seeing these species there all the time with no issues though. I got the vibe you were enjoying the things that are different from Florida out there. That means you're having a good trip! Thanks again for sharing this beautiful place and all the advice. I look forward to the next one!
    2
  52628. Please talk about which first homeowner loan program you would recommend? Thank You
    2
  52629. Good informative video! Thanks for making it.
    2
  52630. I really wanna moved to Orlando
    2
  52631. What I found out and I'm sure is Correct in PHX (sister) but FL who knows.. The Rich Builders will FINISH the whole housing project Because that's the way u Make $$$$.. But u can buy or Rent now $2K so when the project is DONE they can Wait 3 to 5 years to SELL. Meanwhile YOU are Living with SomeThing with 20 people next store (Me)..Then they Sell to a REIT and walk away just with a Zillion when things Change .ALOHA 😁😁😁😁 🤭
    2
  52632. Don’t know why that chart says 58 at the high. I sold at 250ish.
    2
  52633. I trade the 3MO, and we haven't had a move like the one in March since 1987 Black Monday... prices on options are expensive (high volatility), and our market is jittery. I haven't seen our volatility/prices on options this expensive ever, and I've been trading it since 2006... our market is telling us there are underlying issues.
    2
  52634. You should stop by NOHO and Studio City
    2
  52635. I use cash about 30% of the time.
    2
  52636. You have some good comments
    2
  52637. Congratulations Michael!!
    2
  52638. Realtors are sells person. That's it. THEIR ARE CLUELESS MOST OF THE TIME.
    2
  52639. Dave Ramsey said houses will not lose value???? Is that true??? Or is he a greedy old man ..?
    2
  52640.  @MichaelBordenaro  You are absolutely right about that, Michael! I just mean that if there is ANY place that is somewhat affordable left in Florida, Pensacola still allows for the ability to buy a house in a beach town, even if it is not right on the beach. Sad that things are so high in Florida now, though. I just saw a house that I had marked in Tampa on Zillow that had sold on December 14th, and is now being rented for almost $3,500.00 a month! Outrageous, in my opinion.
    2
  52641.  @MichaelBordenaro  They sure are! I hope those cities can hang on to some reasonable real estate! I was just looking at Zillow...beautiful homes for sale in San Francisco. It's always interesting to see the prices, and then gauge how long it will take for them to sell.
    2
  52642. Michael, great video, any update now with Covid likely ending and prices went down? I am lookin at moving from LA to Miami and buy a condo. Thank you
    2
  52643. Ya, I don't think I'd be parking my car by that tree at the beginning of your video....just sayin...
    2
  52644. I am totally burned out looking for an affordable condo in west Broward county in South Florida. NOTHING exists under $120k for a 2 bedroom unit. And if it does, it's 55+ only, making it so I am homeless now.
    2
  52645. great video . Michael hits on so many current interesting things .
    2
  52646. True, the slope of price is downward but prices are still high, so if you wanna sell it is still a good time to do so. But buy if you can workout a good deal, otherwise waiting is the key now.
    2
  52647. yea let's go Mike!!! U da man sir.
    2
  52648. CA here, still selling and prices are more than not stagnant
    2
  52649. How do they arrive at these house prices asking 3 - 4 times more is ridiculous? What kind of positions at companies pay you that well? Doesn't add up.
    2
  52650. YES WE ARE NOW IN THE BIG R.
    2
  52651. Mike, "Hocus Pocus" would be a great title for a follow-up video. Cheers.
    2
  52652. Love the updates on houses that we viewed with you previously.
    2
  52653. ...got a new haircut?? just finish cooking dinner am late here... nice watching ur video feel like am in Florida seeing those views...thanks, Michael !!...
    2
  52654. Dead in the water here in NM.
    2
  52655. More like comrade association.
    2
  52656. 2024 will be a great year for our economy.
    2
  52657. I live near Belvidere IL. Home prices are BOOMING and so many people are moving here from Las Vegas, Florida, and Texas. In Bidens America- things are totally unpside down today.
    2
  52658. I’d like to trade in my electric stove for a gas one. Where’s my check?!
    2
  52659. To summarize, insurance is a scam
    2
  52660. "Land of the Free".....hahahaha what a joke!
    2
  52661. You look good without the glasses
    2
  52662. 15% of U.S.companies are zombies. Time to flush em down the toilet and start allocating Capital efficiently.
    2
  52663. RE mkt is just like other mkts. When the bottom is reached few avg joe buyer will want to buy. The last cycle low I was told my many .. "too many foreclosures" just look at how many want to buy from the comments. They don't know it yet but they will have an excuse when RE bottoms
    2
  52664. Thank you for the video Michael. Wow, what a beautiful day. It looks soooo lush there. 😎😎🔥🔥👌🏿❤️❤️
    2
  52665. dang july and everyone's just hanging out? hope that was filmed earlier
    2
  52666. I don't want to see more videos about the crazy Miami traffic.
    2
  52667. WOW thats cheap should see the crazy prices in Australia
    2
  52668. Crash?? No…come back down to reality a bit? Yes. Some of these homes are absolutely shit. And the best part?? After you pay it off, you STILL never own it. Want to challenge that assumption? I dare you to stop paying property taxes =) Then see who owns “your” house. You bought the drywall, wiring, concrete, wood…that’s it. But no, right now I’d say homes are about 25% overpriced and as they try to charge rent to have others pay the mortgage and realize people cannot afford $4000 a month rent for a shit hole, you better be ready to pay that second mortgage. So I hope u had 20% down for your investment property so rent can appear marginally normal. It will correct, greed always comes through.
    2
  52669. I sold my condo in august because I think there is going to be a tsunami on condo’s going on the market because people can’t afford the hoa
    2
  52670. As a stage performer you have two things to wrestle: connecting with the audience and building a character, they often trade off. If you have no glasses you are more connected with people but if you wear sunglasses in every video then you are starting to build a character around that which long term can build comfort. I prefer non cuz you have good eyes.
    2
  52671. Do a 100% video on Waikiki 🥰🥰.It's super Cheap flt from the West Coast much better then SB 😝. After I'll send you $500 u know me no BS . Sharks do Love Italians, Taste like Chicken so Hit the Beach !!! Just a Cheap option from CA.. 😁😁😁😁😁😁😁
    2
  52672. Yes indeed, also can’t forget about all the foreign wealth down there, but again like you said very few people can keep a lifestyle like that. I’ve been doing what I’ve been doing for 15 years, you’ll learn a lot about wealth. The Kardashians are flashy because that’s their whole brand and they market the brands they flash. They’re legit given free shit, asked to wear it and are asked to be photographed leaving certain places for press. It’s all business. They are making money doing this, and wannabes are going broke trying to emulate them. I love what you said about normal life too.
    2
  52673. The increase in home appreciation was engineered by the crooked 1%. This was done before in England. Getting home prices up makes people feel good about their financial situation. They become blind to the manipulation. Then the 1% pulls the rug out and people wind up on the street. The Rothschilds did it to farmers in the U.S. Some of them were smart and got attorneys to get their farms back.
    2
  52674. I'm waiting for the auto drive thru car wash to ask for a tip. Self check outs even ask for a tip in the form of rounding up. It's getting ludicrous.
    2
  52675.  @MichaelBordenaro  Thank you very much! I appreciate it
    2
  52676. I would never buy into anything with an HOA. it's easier to budget in a stick and brick house. plus you don't have to pay for things that you don't want like security
    2
  52677. My two favorite restaurants in Miami Beach are on Bay Rd - Lucali and Tequiztlan
    2
  52678. My auto insurance is going up as well.
    2
  52679. I have to laugh at this! You're in no-mans land, and you truly can't judge Merritt Island by visiting Pine Island. If you had the time to drive south into Merritt Island, there's some cool little places to eat and have a drink waterside, and really beautiful scenery, especially on Tropical Trail. The main road going east goes right to the beach. It's a little town...I moved there in '65 from NY as a kid and grew up there. Not an exciting place unless you like to watch rocket launches. :)
    2
  52680. Michel you are so damn right I just hope the system crooked politicians and all those war creators that pump up their own economies dont play a Julian Assange and Snowdan play on you I love your matter of fact videos you are the greatest
    2
  52681. Way too many people get caught up into "Keeping up with the Joneses".
    2
  52682. Yes..that last one..I will buy your house is being used here where I live.
    2
  52683. It's all Fed game.... low interest rates is a trap... people don't realize to add up the rising property tax... so this good for day traders like buying home for less and selling off but sucks for long term investors....
    2
  52684. Hey Michael, Michael here: Where did you train yourself on how to film these videos, upload to your computer, edit, and post on your YouTube, etc, etc.? I'm restarting my personal trainer business, and I want to start a YouTube channel to help people learn about fitness.
    2
  52685. I worry for you!
    2
  52686. You have italian genetics it's just natural you cook fine!
    2
  52687. Is an exclusive club and we ain’t in it gold guns and a gateway plan
    2
  52688. Yikes! Hope you’re okay 🙏
    2
  52689.  @MichaelBordenaro  Maintenance also includes the building's blanket insurance policy (including flood insurance), which is a big deal in Florida.
    2
  52690. The difference is that local governments are not subject to the US constitution, while the Federal government is and the Federal government's supposed authorization to levy income taxes is based on a constitutional amendment. It reads: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." The use of the term "incomes" if interpreted properly should disallow the Federal government to charge out taxes based on unrealized gains, them not being income in any case. Counties and local property tax assessors can be booted or the homeowner can move, but unfortunately these locals are being advised by tax-funded advisors via government agencies and fake "good governance" fraudulently named NGOs.
    2
  52691. That’s a great place , another great video .. 👍
    2
  52692. Warren Buffet said 1.4 trillion debt fueled crisis is coming. Run 🏃
    2
  52693. But who is rasing property taxes to these insane amounts? That should be illegal as well.
    2
  52694. I could’ve sworn I say you at my work yesterday. I work at a hotel in North Beach
    2
  52695. cool
    2
  52696. Of course Canada banning foreign investment will be called out in the media as “racist”!
    2
  52697. Back in the day, moving a mobile home was reasonable, it is very expensive now. The "new owner" may well lose his pants once all the tenants are gone. People don't move mobile homes around like they used to. I wonder which will come first, the sales or bank bail ins. 🤔
    2
  52698. It's a giant house fake bubble price , I'll be waiting to buy , lol , cheers
    2
  52699. What ruined America was the government. The three areas where the government had no business meddling in was healthcare, housing, and education. It caused the prices to rise to the moon. It's too late now. No fixing this system it just has to collapse.
    2
  52700. Love Florida, and will never leave
    2
  52701. If they had bumped up the interest in 2021 we would not have been in this place. The morons in fed and the junk govt let the bubble happen and now it is bursting and going kaput
    2
  52702. It's more like 30% by 2023, discounting the recession that will deepen. Food will be a problem. Real estate investors recently took a 17% hit. They are beginning to sell. The surplus combined with the high interest rate one will either let the property rot or practically give it away.
    2
  52703. In Scotland, the fees are a fixed rate for all properties..
    2
  52704. its pointing to deflation now,, prepare for a 'double dip' recession. prices will fall hard,, but it wont be all sectors at once
    2
  52705. The stockholders for these insurance companies are becoming billionaires not millionaires.. America is a corporation... And these henchman all work together to destroy the upper middle class and the middle class and forget the poor..😏 They don’t care they give them a bone 🦴 here and there with no meat on it.. hahahahaha nuts...
    2
  52706. I agree with everything you Said I learned How To Do Things By watching Youtube
    2
  52707. I freaking knew it! I had a feeling you guys would collaborate.😂
    2
  52708. Is that Biscayne Bay?
    2
  52709. I said that the day it was approved. The whole Covid stimulus was the biggest heist in American history and our kids and grandkids will be paying for it. 😢😢😢
    2
  52710. Lol. 106.7 FM
    2
  52711. Mr. Bordenaro, I really appreciate your non-dramatic, straightforward analysis of reality!
    2
  52712. Hi Michael I love your content and I am a new subscriber. Can you do a video for people like me who want to be near Miami but not necessarily paying Miami prices?
    2
  52713.  @MichaelBordenaro  Thanks for responding ❤️
    2
  52714. 2 million what every day worker could afford that
    2
  52715. Thanks!
    2
  52716. hi Michael, what is your sunglasses brand?
    2
  52717.  @MichaelBordenaro  Yes the area is definitely being developed a lot lately.
    2
  52718. seen this all before I have a house in Naples, Florida, well my parents, it will crash a lot, people in 2006 2007 all panicked and thought id never get Florida we have to bid and move then boom 2008 hit and houses people were giving away in many areas. the economy is packed with debt and complete corruption and fakery watch it collapse soon. I guarantee my house will halve in value in Florida but like always we don't care as no mortgage own it and will never sell.
    2
  52719. Please don’t move here.........it’s horrible !
    2
  52720. Great collab, guys! Awesome to hear both of your opinions. And neither of you fell into a utility hole in the sidewalk, so great job all around!
    2
  52721. yes thats what i been waiting for . to buy a house with Bitcoin . the future is here guys .
    2
  52722. Million-dollars ridiculous
    2
  52723. Housing is shot
    2
  52724. I’m selling next month and my area here in Massachusetts is still hot.
    2
  52725. My house in Naples flooded so I felt I needed another house and the interest rate is twice what it was but I’d rather own than rent.
    2
  52726. 1
    2
  52727.  @sirenmuscle  omg yay! When will it be delivered to me? Lol
    2
  52728. Arizona property here with 400k equity. Prices are near California territory now. Beginner starter home now $500k! Want to sell, but would need to move out of the city. Tough days we have here.
    2
  52729.  @MichaelBordenaro  Me too! I started at $3.25 an hour.
    2
  52730. And yet people refuse to see the need for decent public transportation. I've read the payments for even used cars are quite high. I've moved to a small town from the city and the cost of car/insurance/gas probably makes it as expensive as the city. But there is nowhere I even want to drive, just soulless strip malls outside my quaint little town.
    2
  52731. Let me tell you something brother, EVERY bubble will burst one day, it is not feasible for a bubble to continue growing forever.
    2
  52732. Newly built homes are no bargain in suburbs west of Cleveland. Even existing homes are overpriced with buyers having to update and renovate them. Realestate market is a catastrophe.
    2
  52733. Gold and Silver are good investments starting now.
    2
  52734. Are there people actually saying the economy is great? Or even good?
    2
  52735. I have a 2% VA loan, Mike, would you please let us know if these loans really have been "assumable" for buyers at the same rate
    2
  52736. $19500 a month for a 2k sq foot house? Someone has been overdosing on crack.
    2
  52737. 7-months is a pretty short time actually. If you tried to file anything through the court system, you know that isn't bad at all, I am assuming the squatter knows the legal system very well.
    2
  52738. Housing bubble coming soon
    2
  52739. Hello. Running airbnb is legal in Miami?
    2
  52740. I love your walks and talks. Getting close to moving to the Tampa area from CA - can't wait!!
    2
  52741. Michael, what makes the economy worse than reported by the talking heads on CNBC, is companies that have BNPL (buy now pay later) DO NOT report delinquencies. So no one knows. Americans for the most part are tapped out on their cards & using BNPL. The hole is only getting deeper.
    2
  52742. Thanks for the walk and talk. Great video and Awesome good vibes! Thanks for sharing your experiences - Luv the realness. Keep making content.
    2
  52743. 9% down? In Silicon Valley, the average is about 20% from the peak this year. I mean within a few months, it has gone down by 20%. But we have a pent up demand that was suppressed only by the interest rate. The Fed is going to continue raising their interest rate into 2023. I am hoping the mortgage rate would get to 8%. That would be a perfect time to buy. At that point no one would be buying. It would hurt the value of my properties, but that’s exactly the time to buy. I usually keep about 12 months of reserve in case I lose my job. Let’s see how bad it is going to get. N
    2
  52744. Michael the story you told about the couple in Atlanta is and has. Always been the norm down here. I got a call from a homeowner. Who already filed bankruptcy? They just brought their home in the 3rd quarter of 2020.
    2
  52745. Very nice older style homes! Seems like a really quiet neighborhood. Thank you for sharing. Looking forward to a potential follow up video of the beach 😀
    2
  52746.  @MichaelBordenaro  It frickin' snowed last night. Not happy about it. Hhahahha So yes, I will be watching your vids all day. LOL
    2
  52747. Whats the best site /app/ or way for a Canadian who wants to move to Florida to find a job ( health care )
    2
  52748. Citizens insurance is the worse. I don't know what the answer is.
    2
  52749.  @MichaelBordenaro  So true!
    2
  52750. NAR effectively told buyers to wait.
    2
  52751. really great video!
    2
  52752.  @MichaelBordenaro  That explains why Spain abandoned Pensacola for Saint Augustine despite landing in Pensacola 6 years before discovering St Augustine
    2
  52753. If you need to move. House swapping may be a new trend. Swap wives make a show of it.
    2
  52754. Am not getting. I am on rental apt. Since 2021 I wanna buy home but market is crazy. By taking your advise on hold to buy. Now from today your video I am confused. What is your advise shall I buy instead of renting in Miami or continue on rental till correction of price. My fmly want to move into house asap but m afraid from correction
    2
  52755. 💯💯💯👍
    2
  52756. Hello does the referral money go to my paypal account on quarterly basis or the referral money are just bonus credit that I use in further purchases?
    2
  52757. Price is an illusion for all these sellers.
    2
  52758. Thanks! Yes, please do a video on healthcare. I feel it is the main thing keeping many Americans from being or staying self sufficient. With almost everything else, other choices can be made to lower costs to stay within a budget. A first step could be is to take corporations out of the mix. They can’t employ everyone providing discounted insurance , so they shouldn’t be the stewards of insurance. People that lose their jobs shouldn’t have to also pay higher insurance with Cobra , makes no sense!
    2
  52759.  @MichaelBordenaro  I definitely catch your drift lol. Thanks for your time.
    2
  52760. I see that you listened to my comment about R E. tax increases and escrow/mortgage payments increasing dramatically. Typical R.E. tax rates in Houston are 2.50%-2.75%. Avg assessed value of $325K.-$350K. $8,125-$9,625 tax. Avg assessed value in 2019 was $250K-$265K. $6,250-$7,287. About a 30% increase!
    2
  52761. What happens when nobody can afford a home?
    2
  52762. Yep that’s right the pied piper has got to be payed because of the dumb decision people make
    2
  52763. 7 Percent raise is a farse, government raising minimum wage is why you see that high of a number.
    2
  52764. Travis is spot on with his analysis
    2
  52765. A great video!
    2
  52766. Congratulations Michael 🎊🎈🎉 Love your videos! ♥️
    2
  52767. Coral Gables 🌴🇺🇸 Hehe. They will be happier out in Cali anyway ! 🏄
    2
  52768. You should see the little house piece of shit next to me here in Long Beach, southern California that was sold for 1.2 million. Not even close to the beach.
    2
  52769. When you apply for a job employers look you up on social media to see what you are like... Is that bad like lenders looking you up?
    2
  52770. Lol😺cbcd ! Hackers from across the world would have a blast hacking into peoples Acct’s!! 🤑 By the way Michael looks good going from tank to muscle shirt that’s how you know seasons are changing in Florida! 🍁 🌴😎
    2
  52771. Mike, I have a $102K income and I'll be paying off credit card debt this holiday season, screw buy now pay later, LOL!!!😂😂😂
    2
  52772. Mortgage rates are going up again.
    2
  52773.  @MichaelBordenaro  I think the adaptation has just been better for snow. Also just the lack of high ground in Florida and gulf area.
    2
  52774. Thanks!
    2
  52775. Saw a ton of out of state plates today in St Augustine including Michigan and even one from San Diego California. So I think you’re audience will grow
    2
  52776. the banks close the blinds, and say sign here, or just hide the process in a email, who knows where that goes. NEW level of rule law breaking to close the deal.
    2
  52777. Thank you about the mental health got anxiety this past year
    2
  52778. Michael I would love for you to make video playing devils advocate. I would be interested to see how the data looks for the bull buyers
    2
  52779. Don't forget California, that's another state and it happened to my elderly aunt, except we had paid. This is a serious problem.
    2
  52780. I'm about to buy a house for 130k at a 5% interest rate
    2
  52781. Thank You Michael. You seem to have a lot of common sense and wisdom for your age. I thought the wisdom part only came from advanced age like myself. 68 years. 2024 should be quite an interesting year. i'm in good shape from wisdom and common sense, unless the banks fail too.
    2
  52782. In places like Commiefornia, it can take up to a year to evict a tenant. There are organizations that will advise your tenant for free on how to drag out the process without paying rent the whole time. You can't even sell the house to get away from them.
    2
  52783. Have you seen Ellison house here in the Bay Area? Yeah the guy needs more homes
    2
  52784. Talking about taxes and getting screwed! U.S. expats living and earning an income abroad. We are still required to file annual federal tax returns, and state any and all incomes in the U.S. and abroad. Didn't America have a war with England, regarding taxation without representation!
    2
  52785. Thanks Michael for all the info,I watch you every day
    2
  52786. A gated community sounds nice for the security reasons and no HOA fees!
    2
  52787. Corporations lobbyist are dumping millions into politicians pockets. Re-Election funds are pure CASH COW for politicians.
    2
  52788. I am waiting
    2
  52789. Jack Morgan RLP brought me here
    2
  52790. How about doom and gloom with rose colored glasses?
    2
  52791. Happy 3 years!
    2
  52792. Get Todd Sachs on
    2
  52793. I think my home has Citizens insurance. If it goes way up I will drop it all together.
    2
  52794. First of all, happy 3rd birthday! 🍻 Now, I'm pretty sure you know better, but there is zero connection between the mortgage interest rate and the Fed funds rate. Mortgage rates are more dependent on Fed's selling or buying of mortgage-backed securities. Also, historically there is no correlation between mortgage rates and house prices. Hell, even in the 70s/80s, with double-digit mortgage rates, house prices did not fall. So assuming a higher interest rate will force prices down is no more than a guess. There is no data to back that up.
    2
  52795. Enjoyed the video.
    2
  52796.  @MichaelBordenaro  Thank you, and stay safe
    2
  52797. Rent control laws always fail - always.
    2
  52798. I’m one of these people. I make 110-120K but I’ve been carrying about 10-20K in CC debt for about 3 yrs now. I’ve taken out personal loans. I’ve taken loans from my 401K. My mortgage is only 1K but my car note is 1.3K and I pay a lot in insurance ( I own a few cars) I’m 35 no kids but I have a gf that likes to constantly do stuff and we eat out literally every day. Either breakfast/lunch/dinner. I need to get a 2nd job but my gf complaints about lack of quality time for her. She has bills too but doesn’t make as much as me so I always pay.
    2
  52799. If you were in England doing this great, informative work, you'd be knighted--SIR Michael Bordenaro!
    2
  52800.  @MichaelBordenaro  To narrow down my inquiry: Does Tampa Sarasota Naples corridor have a great cycling area with hills? Of course, knowing Fl is flat, any rolling hills (not mountainous) area would be great. Coming from the Cold, Rainy and Mountainous PNW. You know why I’m moving, right?
    2
  52801. Just saw some very bad news ...truckers are stranded on high ways bcz they CAN'T get diesel oil ... think about that for a second ...Americans pretty soon will be faced with no food no oil no nothing to live their every day life thanks to this government in DC whose crazy WOKE and Green policy !!
    2
  52802. Here in CA, we already see people dropping homes $100,000 on a 1.5 million dollar home. Not sure what they close at, but, still good things are deflating.
    2
  52803. Great vid...I had no idea of these buy backs in the HOA bylaws
    2
  52804. I agreed!
    2
  52805. This is an honest question: How are people able to leave a property empty for a long period of time, especially for 2 years (@8:41), without it producing any revenue? The house is still depreciating in value, due to the constant need for regular maintenance, such as new roof, HVAC, landscaping, etc. How is that possible without it bankrupting a person or company? Are they able to claim some sort of massive tax losses every year? Can someone clearly explain what’s going on in detail and in laymen terms?
    2
  52806. And Who is going to pay your mortgage? if all your money goes to rent? Now you have Mortgage and rent to pay, are you stating that the rent I can get will cover both?
    2
  52807. Hbd man 🎂🎊 keep up the good work
    2
  52808. Miami is the only city that is still same price or going up in America. I’m still here for 15’years but it’s become unaffordable unless for Uber wealthy
    2
  52809. I really like your advice michael
    2
  52810. Maybe people inherited those houses that owe the taxes and they don't have any money.
    2
  52811. What is MLS? 😊
    2
  52812. And the judge in Trump's real estate valuation fraud case claims that MaraLago is only worth between 18 and 27 million. What a cockroach that judge is.
    2
  52813. Hi Michael, do you know how long a property can hold out of not paying taxes before getting into trouble? And what extent of trouble would that be?
    2
  52814. Sarasota is my ideal home location too. Cape Coral, fort myer areas are good too
    2
  52815. Congratulations on 250k well deserved
    2
  52816. If you want more Taxes just mail your paycheck to Ukraine or give to the MS13 guy sleeping downtown 😂
    2
  52817. Mortgages in Great Britain are all ARMs. They don't do fixed home loans. It's crazy but true, look it up
    2
  52818. The U.S. financial influencers always BS the public. Always. Inflation is transitory, etc.
    2
  52819. Keep the videos coming. Prices definitely not affordable for most in Phoenix. I'm having success with rentals and townhomes. People just trying to eat and make a decent living. More families combining again.
    2
  52820.  @MichaelBordenaro  Hi Michael, in all honesty if I were going to move to Florida, I couldn't imagine not ever once experiencing the ocean breeze which feels so special particularly in the evening even if it's just for a few minutes. There's nothing like it.
    2
  52821. Yeah, I hear you! I really don't understand psychology because it doesn't even make sense. Insulting and trying to offend someone you never met or will ever meet in your life.
    2
  52822. Are these rentals yearly or can you go there for a few months
    2
  52823.  @MichaelBordenaro  Thanks Michael always good practical information in your videos.
    2
  52824.  @MichaelBordenaro  Ok, I see. It’s just many jobs don’t pay enough for one person to pay for an apartment or mortgage all by themself. Renting a room is a nice, efficient way for a person or even a couple to save a lot of money and prevent becoming homeless. Like just about everywhere else, I’m sure there’s lots of rooms to rent in Miami and in Florida just in general. 👍🏻
    2
  52825. Massive disaster is on the way!! My karma spells on all those who stole homes after 2008 are working!! Praise be!😄
    2
  52826. Pronounced “Cala DEE see.” I lived there until last year. People are moving to Pinellas County by the droves, traffic is horrific, especially on US-19. It’s not what it used to be, sadly. Miamians will still think it’s good since it’s worse in Miami for now.
    2
  52827. The cost of paper statements is greater than it seems, Michael. When I worked for a large brokerage house that was trying to determine if they were going to offer online statements, we calculated the cost to deliver paper statements at about $7.00 each. The cost for digital statements? $0.25. Guess what was offered 3 months later and they almost require of their customers now. I would bet the costs are largely the same today because prinitng for a million plus customers can't be done on a cheap printer. Those high-speed, large capacity printers are very expensive as are the supplies.
    2
  52828. Perfect beach day with no people on the beach, or anywhere else near the beach. Where are all the people who live in these high-rises?? In bed making love to their smartphone?
    2
  52829. First!
    2
  52830. $250K is relatively nothing when there's no margin of what is real in the current economy. + 2 equals +2, +3 equals +3. Not here.
    2
  52831. This video is so valuable, thank you. Is there an update?
    2
  52832. The greed decades ago was making people shallow ....now since the interest rates were 0 percent have made good people into bad people....sadly a great reset is coming for everyone including the prudent...i prepared for a very low standard of living i did it 15 years ago ...grateful for this channel!!!
    2
  52833. For the algorithm.
    2
  52834. Excellent work
    2
  52835. We dont have a housing crisis.....we have an insurance crisis
    2
  52836. I hate you. I mean really, who makes pretty videos from Florida while we’re freezing in the Midwest? Lol. Keep the vids up.
    2
  52837. I really like the videos! At 21:10 till the end of the video you said it al!! Is it gonna crash? Hell yes it is!! It's all gonna crash, banks,real estate, cars are crashing now! The great recession of 2008 actually started at the end of 2005! This I think it's gonna be bloodier this time cause the banks are going down first. Check into BREIT and how Blackstone defaulted on $562 million after giving the CEO a $1.27 billion dollar bonus! Oh and they control 46% of 401Ks in the U.S. I keep saying LOOK AT THE BANKS!!
    2
  52838. Thanks, Michael. I see you.
    2
  52839. LET THE SHIP SHOW BEGIN.....
    2
  52840. Yup in 2007 and 2008 all those balloon payments came due then CRASH. Families were living in the San Dimas park.
    2
  52841. Lol I just noticed that you can pull off the grey hair really well. Looks silver, super nice.
    2
  52842. i only make 6% more!
    2
  52843.  @MichaelBordenaro  Great to hear!
    2
  52844. cities can collect more tax money on 1 acre land with multiple verticle residencies, than 1 home on 1 acre of land...Let that sink in!
    2
  52845. If people know that they can steal up to $1000 worth of goods, they can have their Christmas Shopping done! Honest people pay, dishonest people steal!
    2
  52846. Just moved to Jacksonville from KCMO, been here almost a month. I definitely love it here people have been super friendly and helpful you get an east coast vibe and southern charm down here“Welcome to the Ville” lol made a trip down to St Augustine love the architecture down there in the historic area. Haven’t made it to Amelia Island/Fernandina Beach yet but will in a few days it’s about 40 min North of where I live. Also seeing all the natural river springs is on our list for this winter season. The only negative about Jax I would say is how spread out everything is… 20/ 30 min drive to go to different areas/ beaches. We haven’t purchased a home yet but definitely want to be close to beach and city. I work in Ponte Vedra and husband works on the riverfront downtown. It’s just a huge area to see and between getting settled in, getting a job and trying to explore, time goes by so fast. Weather right now is perfect about 70 daytime and 50s at night. My advice for any of you thinking about moving to Florida, if you can go through atleast 5 min of pros and talking yourself into it just start packing and do it. Best decision I’ve ever made. I absolutely hated the cold hole you go into in the winter months up North. I can really only say I would miss the fall months but hey that’s what vacations are for. I’d trade freezing ass cold for balmy hot weather any day.
    2
  52847. Because it is literally designed that way
    2
  52848. Another good one🫡
    2
  52849. 👍👍👍💯💯💯
    2
  52850. I would say that houses in Florida are very nice especially on beach.
    2
  52851. I would like 50%, but I believe you are right, more likely 30% most areas in Florida. Sarasota, could 50%.
    2
  52852. Yes you were very wrong brother but I’m not holding it against anyone as nobody has a crystal ball when it comes to the real estate game
    2
  52853. Hey Michael...Lizzy's laughing at your Crystal Balls....
    2
  52854. Skilled trades in the future are going to pay a lot of $$$. Nothing but laziness. Life isn't easy, bust your ass with a positive can do attitude and you'll be surprised who takes notice and how far it will get you. Old school is always best. Get after it. 💪
    2
  52855. OK, thanks for the nice reply. Great channel ... glad I subscribed. Lots to learn in your videos!
    2
  52856. michael, Your doing a great job reflecting on the current economy .you mentioned California's land lords, Cryto currency and percentage of discovery cards charging monies on. That is our focus.You' are right on the money .Please keep doing what your doing.Future plans are to retire to retire in Florida....and relax.
    2
  52857. The only thing worse than a loud leaf blower guy is a power-hungry HOA Helen
    2
  52858. You forgot about homeless folks - they can live off seven bucks an hour.
    2
  52859. Does your broker care about you making these videos?
    2
  52860. Great video interesting stuff
    2
  52861. It is absolutely crazy to be borrowing from a heloc to live. Its no different than a credit card but your giving up your home. Absolutely nuts, sell your house if you have to, live with someone etc.
    2
  52862. Hi Michael, not sure if it has been pointed out yet, but the Case-Shiller is an index with a base 100 set on Jan 2000. So this 298.99 number is not a number in thousands dollar. But the ratio between the prices on oct 22 compared to the ones from January 2000. From this chart, prices are now x2.9899 higher than in Jan 2000. Anyway love your content😀
    2
  52863. Nice Henley
    2
  52864. Sit back relax and enjoy the poverty
    2
  52865. I never enjoyed education and preferred to work outside with my hands. At 37 I broke my back. At 39 I broke my back and neck. Hindsight is 20/20 and I wish I would have enjoyed school more. I am now priced out of American life and am trying to move overseas where it’s cheaper to live.
    2
  52866. Globalization is making things worse. Too many people causing too many problems. Once Rome was mixed with other nations, it was watered down into a decaying empire, just like the US
    2
  52867. I'm not sure if you keep up with Latin American news and politics but wealthy people from Colombia are transferring their wealth and if able moving to South Florida because of the election of the new Socialist president. These people are not going to make the mistake wealthy Venezuelans and Cubans did. Real estate in South Florida will overall continue to go up in my opinion.
    2
  52868. I live in Bellflower CA and my boyfriend lives in Artesia Ca, 10 mins away. He pays $1500 a yr more in property taxes than I cause Artesia is considered a more upper class city than Bellflower 🙄
    2
  52869. Although I agree on a cap limit there are other ways to slow this thing down as well such as a hard tax on big corporations that own too much real estate. For example instead of giving tax credits to corporations who force themselves into debt for spending ridiculous amounts of money on real estate they can have a hard tax limit on the amount they own sort of like a salary cap in sports where is they own over that limit they get hit with a dollar per dollar tax.
    2
  52870. I have a contract on the house but I’m a former realtor so I was able to at least mentally evaluate what I thought a true price for the house was. The sellers realtor had them on the market for $40,000 too high. They were on the market for 85 days with no offers. the seller’s came down three times and when I finally negotiated they came down again. I think I got a fair price for it. My own realtor was going along with the sellers realtor but I stuck to my guns and Got the house for $10,000 lower than the final asking price. The house also has a relatively new roof and AC system. And I’m getting a home inspection.
    2
  52871. New listings are dropping weekly.....
    2
  52872. Michael, throw in a favorite lick or two once in a while, from one of those sweet axes!
    2
  52873. Always walk the neighborhood on the weekends, you see all the automobiles and chaos.
    2
  52874. No, Michael you are not gloom 'n doom, it's reality. Wokes & snowflakes want nothing to do with it.
    2
  52875. Hopeful and greatful words, thank you very much 😃
    2
  52876. Yes, a tour would be awesome.
    2
  52877. In Europe assumable loansare still the norm, I was shocked when I heard for the first time that in the US they were banned...
    2
  52878.  @MichaelBordenaro  thanks for the quick reply - are any places on the list better than others and do you think (living there) that the rising sea levels are as bad as they say?
    2
  52879. 👍
    2
  52880. Totally agree, right now NO Debt, the best ! Spend Less ! Save More ! Heard 4 months ago, Hard times are coming and that's right now - 2024 !
    2
  52881. These are very helpful.
    2
  52882.  @MichaelBordenaro  It's incentivized to be by the tax code and by federal, state, and local laws. Change the tax code and the other laws that incentivize speculation in housing and the problem WILL be fixed. What we need is political pressure. "The market" isn't going to fix this. Here's something that would work almost overnight: any SFH that's not owner occupied must pay a 50% surcharge on property taxes and any house that's sold must be offered to owner occupants ONLY for the first 30 days on the market. Yeah, I know, some dream, huh?
    2
  52883. don't convert unsecured debt to secured debt via a heloc or refi. or at least know what you are doing. settle the accounts.
    2
  52884. Only $9,000! I have $20,000+ And I’m unemployed.
    2
  52885. This really resonates with me. It’s similar here in southern Missouri. I could easily manage one or even two service based business and slaughter the “Competition” here. The trade off is I’d have to stay in MO. I’m moving to FL in a couple of months and succeed with professionalism. Cheers!
    2
  52886. Please post more shorts I keep seeing your old ones in my feed
    2
  52887. Anyone smart knows to "take profit" when the market hits highs.. Buffet is the shark in the water, we're the fish!! 😂😂 Shout out to the Oracle of Omaha!!!
    2
  52888. The only suckers in this market is the people that not only paid the outrageous home price but that offered more than asking price. Buyer’s remorse anyone. Lots of it in Miami.
    2
  52889. Lol..I should post in my personal event section THAT I won the Lottery 😂
    2
  52890. "Trapped" by greed.
    2
  52891. 2 real....i offered a 3percent to a realtor and she brought me a buyer that wanted to low ball me 30k on a home in 2005 . I tried to list it myself too😆😂😆
    2
  52892. The average wedding in2023....$29,000. Ridiculous.
    2
  52893. Thank you Mich, looking good!!
    2
  52894. Seasonality. In the fall it drop again like it did in every single other year. Even in 2021 prices fell
    2
  52895.  @MichaelBordenaro  ok. Great. I think you will appreciate it
    2
  52896.  @MichaelBordenaro  I was in Cancun once during a fluke storm. Flash floods came out of nowhere. We were running the street trying to get back to our hotel in thigh high waters. Luckily Pizza Hut delivered. haha. The only hurricanes, I've experienced have been in Mexico. Now, I'm wondering about these rain/floods. I'm still coming but wondering. ;)
    2
  52897. Where did all money go for condo repairs? This is illegal and VERY dangerous for condo residents . Someone pocketing fees. Investigations are needed.😮
    2
  52898. Michael should go fishing while he reports on property on video. I won't mind seeing a fish on the hook.
    2
  52899. Doom n gloom bro!
    2
  52900. Sunny in southern AZ!
    2
  52901. the housing they are building now are McMansions in HOA..to big and expensive.
    2
  52902. Everyday I see videos about the housing bubble bursting, but in South Florida nothing has changed.
    2
  52903.  @MichaelBordenaro : We're moving into Carriage House. We almost rented a unit in your current or former North Beach building. I didn't even realize the coincidence until well after we put in an offer. But we were outbid. We've been outbid several times in fact. We lucked out with this one. Tight market.
    2
  52904. Wow! Two of my faves!
    2
  52905. 3 to 6 months emergency i used two months but starting to build it Back to 3 months due to my HOA assessment fees last year
    2
  52906. Thanks Mike
    2
  52907. Interesting there’s never any other people in these areas does everybody just stay indoors?
    2
  52908. FLORIDA!! is the #1 state by far in homeowner insurance fraud. No other state even comes close.ian was the icing on the Walmart cake 🍰🎂.😲😳😃😁👍💩
    2
  52909. george gammon another guy i listen to, welll versed in stocks!!!
    2
  52910. What till reality hits. For every action...
    2
  52911. I hope people have to start paying their own loans again. Thanks for the beautiful walk - the boats are fantastic! ⛴
    2
  52912. Oh Man, I was a young federal criminal defense lawyer in a band during the 80s , played Viscaya, Montys, all over. That looks like my old neighborhood on Kendall Dr. /red road in Pinecrest, on Snapper Creek, should have kept that house😆.
    2
  52913. Hi Mike, I think this people only thing about their own interest and give this type of fake news to confuse people and make them buy homes now. They all have their own narrative, all this pseudo experts have pretty much always been wrong about everything, making this type of ridiculous comments. Real estate pricing will go down and more then 10% that is almost sure, and that is my opinion.
    2
  52914. Gas cars are expensive never mind an electric car 🚘Thanks Michael 🙏
    2
  52915. i paid off my car in 18 months it took incredible discipline a lot of people do not have honestly why do you need the newest fancy car debt is slavery
    2
  52916. Looks like Australia is following the USA
    2
  52917. Keep it real!😎 But be safe👍🏼 it snowed on the Tulips hear in Niagara Falls New York April 21st🙃 Does your – cam have night vision record?
    2
  52918. I can buy a nice piece pf salmon or a small steak and potato at Publix for the cost of a combo meal....
    2
  52919. If electric cars cannot go far then firms better offer more remote jobs!!!! Lol !!!!
    2
  52920. I'm in the last situation that you touched on I want to move to Miami because that's where all my family is and I could swing it this year but next year I'm not so sure and the year after that I have no idea. I straight up don't have the money or the job history to buy either. Which really sucks because in Miami especially even with insanely high HOA and Insurance rates is still significantly cheaper than rent. Especially in condos a few blocks from the water in northern miami beach. I'm seeing mortgages 1000/mo cheaper than rent. You'll have to put some money aside for special assessments but it's still a steal when you compare to buying in Coastal areas of LA or San Diego. Part of the reason California has dropped so much is the rent caps that were put in place a few years back.
    2
  52921. If they want to own everything by 2030, they’ll have to raise property taxes 3 fold pretty soon.
    2
  52922. As big as government has become they need everything they can get.I work for a small city and our new contract is giving us a 17% raise over the next 2 years.We also have very good pension and health insurance plans.I'm fortunate enough to have full family health plan where the co-pay is only $5 per visit with free prescriptions.I heard from someone in city hall that just the health insurance for each employee is $40k per year.I have been seeing more and more tax deeded properties because the property tax rates have been really going up for the employee costs.Meanwhile the citizens are camplaing that we're not paving roads in disrepair.I tell them do you want even higher taxes? With the costs of any kind of projects getting so expensive we do very little at this point.I feel guilty for all the just hanging around we do but we don't dictate policy and projects.
    2
  52923. All the food industry in Miami? It’s going to go away ! They your waitress can’t afford to live there !!
    2
  52924. Happy New Year!
    2
  52925. i like how you say it like it is man.... your saying what we are all thinking keep up da content.
    2
  52926. In addition. We need to banish all these investment companies and put limitations an properties to maintain affordability for the average American. Homeownership has become elite in 90% of the housing markets. People who are used to their homes costing $100,000 or less are seeing their properties costing them $250,000 or more. This is unfair to the American people. And a crash is much needed. In this case a crash would be a correction.
    2
  52927. I’m not sure how I found your videos, but I like them. I don’t watch TV. Only podcasts for news and world events. I’m going to be 59 next week and have been a RN for 36 years. I still work part time. I’ve traveled throughout the US and my daughter lived in Santa Barbara for 7 years (I LOVED Santa Barbara). Anyway, the length of your videos is perfect! I enjoy the content and scenery. I live in Michigan….. so I travel a lot during the winter months. Not a fan of winter at this age! Blessings to you. ❤
    2
  52928. SORRY. TOO LONG OF A COMMENT: Michael, I LOVE and HATE the benefits of HOA on houses vs condos. If you’re buying into an HOA, find out the following. Surplus and Airbnb rules. The HOA where I owned 2 homes, we’re very strict because they are on a golf course, since mine backed into the golf course, even overgrown bushes is a fine. Your entire yard must look neat or you’ll be fined. Look at the surplus: we have nearly 8 million dollars available for repairs, and in 21 yrs, it only went up from $36.00 a month to $56.00 a month. Airbnb is totally illegal, but look at the fines, it’s $55.00 a month. Where my condo is: the surplus is under $100,000.00, when there’s a major repair, they increase the fees. In 8 years, it’s up from $185.00 a month, to $305.00 a month. Airbnb is absolutely a no no, yet, the fine is also $55.00 a month. The last meeting, people wrote out a check for the year, sarcastically. Meaning that people like me who don’t appreciate Airbnb because of the noise and trash, $55.00 isn’t enough of a fine. Here at the condos, there are leaking roofs and there’s no scheduled repairs because it costs $50K each building and there’s 25 buildings to do. They are covered in tarps. One of the reasons I sold my condo. I also lived in No HOA communities, luckily for me, houses were too expensive and kept the community beautiful, continues lawns and professionally landscaped, before that, I had neighbors working on cars in their driveway making noise until 10pm. My suggestion is; HOA can be expensive, but it keeps the trash away from peoples driveways and yards, blowing into yours. HOA also forced me to put my men toys in the garbage and park expensive cars in the driveway. Good luck
    2
  52929.  @MichaelBordenaro  Thanks! Have a happy life and Merry Christmas brother
    2
  52930. Seems like hookup culture is a thing for sure because of the party scene. I went there to enjoy the beach and within 10 days had to successfully avoid over 80 men and I’m not exaggerating, I wish my boyfriend went with me that time (the first time we went together so I had no idea it was like this). I never have been so stunned at how outgoing everyone was. It is very diverse culturally too. Kindness usually works across all cultures though. No thank you, kindly 💜
    2
  52931. You actually circle back unlike others.
    2
  52932. Higher interest rates should lower price, but you are giving more money to lenders instead of the seller
    2
  52933. Did you say I can get a free house!!!!!!!
    2
  52934. Great video Michael….as usual I must say!
    2
  52935. The non compete law/policy Is a big factor in why a lot of tech companies & workers will not want to move to Florida. Tech requires employees & founders to be able to pivot quickly & having a policy in place that severely curtailed that is a big block on innovation.
    2
  52936. Holy crap so true. Florida drivers are bad and Miami drivers are the worst. My insurance is the same price as it was in expensive California. I thought San Francisco drivers were the worst but Miami drivers make them look professional
    2
  52937. 😅most of us will be GONE in 80 years 😂 Scientists usually right, you obviously watch cnn
    2
  52938. Here's the real truth: There is never a "PERFECT" time, to buy a house. You just do the best you can, like everything else in life.
    2
  52939.  @MichaelBordenaro  Haha, I don't think your lady would appreciate you traveling with another woman for wine tasting. Haha How about I bring you some back to FL from my visits. ;)
    2
  52940. 👋
    2
  52941. Don’t worry the buyer of that 15mil home will get picked up by the newly mass hired IRS for his PPP loan scamming in the next 2 to 4 years most likely.
    2
  52942. Wonder why you rarely ever hear of these old condos rebuilding in a new structure. Expensive but you can wind up with a very valuable unit.
    2
  52943. Home values lag interest rates you all need to wait until values catch up to rates it’s like a teeter totter.
    2
  52944. Good one!! 😉
    2
  52945. Another Terrific Video.....Not only a R/E update but, a good Life Lesson !!... When something is Earned, it is Appreciated !!....
    2
  52946. Heat pump clothes dryer for the win.
    2
  52947. Hello Michael Wish we had Ron can be borrow him,our Government is going to try to introduce the digital pound like you we don`t want it for the same reasons, cash is king :}
    2
  52948. They bailed SVB because it is loaded with Democrat donors! The Fed system is corrupt!
    2
  52949. Electric cars would be fine for cities or warmer climates but we can never transition all vehicles and trucks to electric. It gets 40 below where I live you NEED a reliable vehicle. Breaking down on the side of the road could be an extremely hazardous situation especially as a woman. From a self sufficiency standpoint gas is under attack because you can store gasoline. You cannot, as a normal person, store enough electric to be self sufficient. It's just another way to control people and make the reliant on the government and the industrial grid.
    2
  52950. How much 😂😂😂😂😂
    2
  52951. I have a 94 z28 that I bought in 96. Will never get rid of it.
    2
  52952. Simply the best economy ever , if you are into stock market you are richest you have ever been .
    2
  52953. Michael, I am a realist enjoy and appreciate all of the information in your videos, please do not change who you are and stance to apease anyone who cannot appreciate the value in your videos. So I do not need a happy ending at the end of your videos continue brutally honest and constructive with your information.❤
    2
  52954. Glad these housing prices are going down too. Thanks for the great video, Michael!!!
    2
  52955. Home town......hit up glass bottom boat ride at silver springs😁
    2
  52956. wait until the COVO-FOMO buyers find out what they have to pay for insurance, taxes and maintenance and realize they are in over their heads- History WILL REPEAT ITSELF. this is a mirror image of 2003-2006 bubble. and it took over 6 years to flush out from top to bottom. so we could have 5 more years of declining home values if the foreclosures start. a good indicator will be car repos. if people stop making car payments next is mortgage payments. I sold a house in Jan 2022 after only owning it for 6 months because I smelled a rat. COVO-FOMO buyers are about to get a real wake up call....so are the greedy banks and the RE hedge funds. The dominos are starting to fall. Look out below!!!!!
    2
  52957. I have a $421 car payment for a ford car. I’m grateful it’s that low. I’m under water on the car for sure though, but I’ve had it for 2 years. Only 37k miles
    2
  52958. Never go with your gut. Your "gut" only tells you where to look. Go with the data.
    2
  52959. I watch your videos to check out all the ugly houses on Miami Beach. Especially there yards!!!
    2
  52960. New homes are great in case of having a new roof, new everything. However, they usually come with bare minimum. I think about all the things we’ve added to our 20-year old home such as finishing the basement, finishing the garage, beautiful landscaping, security cameras, a beautiful patio. All these things are extra in a new home so having a new home can still be a pain in terms of cost if you want decent landscaping, etc.
    2
  52961. Thank you for this My sister-in-law lost her home in the palisades
    2
  52962. I watched your video instead of super bowl
    2
  52963. Can BRICS De-dollarize the Global Financial System? What would that look like and will it force the CBDC? Pain is coming!
    2
  52964. @MichaelBordenaro  Very true! I owned a house a few years back and leased solar panels. In the 1st year, I got a credit (I'm in Colorado). Unfortunately, xcel energy found a way to put a stop to it.
    2
  52965. I was a buyers broker for 15 years. All this does is get rid of buyers brokers. The listing agent will get whatever can be negotiated from the seller. Buyers will ONLY deal with listing agent. The real problem will be buyers will NOT be exposed to other brokers listings. Buyers will only be shown the listing brokers property.
    2
  52966. Rents in 2016-2019 were 50% less in South Florida
    2
  52967. Thinking the bottom = Dec 2019 price plus about 15-20% sometime in 2024. (Due to inflation and ordinary growth rates)
    2
  52968. Yay love reventure
    2
  52969. I've been living in California since 2007 and never experienced a earthquake. I rather California not because I live here. It's because of the nice weather in the summer. It never rains at all in the summer (end of May until the beginning of November). Especially where I live. Plus, it's not humid. I will agree with the cost of living is a bit much. Taxes are high. And... The homeless here is a huge mess. They are everywhere. I love to visit Florida for vacation but to live there maybe. I don't know.
    2
  52970. As Mark Twain said, “There is nothing as uncommon as ‘common sense’.!
    2
  52971. Bonkers
    2
  52972. Happy birthday Mrs. Bordenaro Thank you for your insight on how this economy works, please keep up the great work 👍
    2
  52973. At some point there is going to be a revolution or massive protest. May be it's best just to sell everything and go live in a cave and live off the land like our ancestors did. Life just isn't worth it anymore especially in this country of never ending GARBAGE, TRASH and POVERTY!!
    2
  52974. Hit the Like Button !!!!😁😁😁
    2
  52975. Hopefully inflation would come down because of this
    2
  52976. I guess the first thing is define crash. Where I am living I see many homes being constructed. I don’t know if these are speck homes, pre-sold, or owners building.
    2
  52977. wow didnt kbow berlin had issue too
    2
  52978. They are taxing home owners with wells now 😂… im 40 got married in October, me and my wife upped and moved from NJ to sw fla in april. Best decision I could’ve made. Weather, politics, taxes, friendlier people, more active lifestyle.
    2
  52979. 👍🏻
    2
  52980. Gee, I thought my $50 Rob Zombie ticket was a rip.
    2
  52981. Im on zillow today and see many price cuts, some as much as 35K. 2 months ago when I was looking for a rental I scanned the "for sale" tab and couldnt find one price cut. The time is soon and I cant wait!!
    2
  52982. Property taxes $10,000.00 a year....
    2
  52983. Love your video. Thinking of moving to Florida and I'm asking everyone that I meet from Florida if they like the gulf side or the east side of the state. I get mixed answers. What's your opinion? Where has less humidity?
    2
  52984. What about those of us who are would be first time homebuyers in Atlanta? Are we supposed to move elsewhere? If institutional investors continue to buy half the inventory even when (or especially when) the market collapses then we are left to compete with non-institutional investors for the remaining inventory. When they can make cash offers and waive other considerations, 99 times out of 100 we will not beat those bids. Atlanta's housing market is ruined.
    2
  52985. Chocolate ice cream at 1am,I will not sleep all night and skipping breakfast is wrong for your health.
    2
  52986. Michael your just the messenger.. people older than you are in denial or they're walking around with their head in the sand!!!
    2
  52987. 🎯
    2
  52988. EVs are the future. It may suck during peak winter months. I'd buy a Model Y or Fisker Ocean when they are available for $40K.
    2
  52989. I’m on the same struggle bus. Currently in Phoenix and so sick of this damn heat!! Everything in my life is set up great here, it’s just the extreme weather that really affects me. Love the beach and want to be close but couldn’t handle Florida humidity or California’s crazy politics.
    2
  52990. Housing (all real estate, including commercial) is simply TOO DAM EXPENSIVE. After you pay for shelter there's very little left to pay for basic living expenses. This has to be planned. If I knew ahead of time, 10 years ago, I would never have gotten married and had a kid. This is just insanity.
    2
  52991. Zillow ironically ran an ad right after the burn. Lol those dogs.
    2
  52992. Grant Cardone makes no sense!😂😂😂😂😂🎉💔💔💔💔💩💩💩
    2
  52993. Thanks!
    2
  52994. How the Hxll do u fix a leak with Solar Panels on it. Gave my Disc guy a $20 Tip Please Do a Good Job so it doesn't Leak. Redid roof Leaked under it.. Be Safe !!!!😁😁😁😁😁😁😁
    2
  52995. What do you think about where Miami is headed? I'm seeing houses sit on the market more and more but prices are not coming down much. We're debating between looking to buy at the end of June or waiting 6 months. Just afraid that interest rates will go up even higher.
    2
  52996. Good commentary Where are the new apartments coming from-and to?
    2
  52997. We're already seeing the inventory go up. Pretty soon we see several for sale signs per block. You're on point, and telling it like it is. Thanks for posting.
    2
  52998. Thanks for Mentioning Jacksonville have cash to buy a nice $300K for retirement. Will wait patiently. Just needs to decide on a nice area 🤔
    2
  52999. Here we go now
    2
  53000. Those evictions will eventually hit Cali. Sigh maybe.
    2
  53001. Bank of America is owned my all foreigners .. mostly Middle East … fact. Zero American s. Own Bank of America!!
    2
  53002. in colorado the flippers are getting killed just saw one the guy is dropping price. Now under water. Worked are on it payed to fix it up. Now he will actually have to pay someone to take it off his hands. Next thing he'll do is put it on rental market and some renter will wreck the H out of it. I know long term landlord and flipper.
    2
  53003. move to Dubai and be a street beggar for a few years, move back and buy a ranch with 40 acres 😂
    2
  53004. House next street from me here in riversidr,ca sold for 636k insane n its old ftom 1956 who the hell buys these prices
    2
  53005. i REMEBER WHEN A 6% INTEREST RATES WAS NORMAL....HEY...IT WAS 20% IN THE EARLY 80'S
    2
  53006. The Federal Reserve has a mandate. Inflation and employment. There are 11 million job openings. We might need Volcker style policy. Better to be hawkish than a Dove
    2
  53007. The only thing I would say is what else is a young person making 75k a year supposed to do other than go over 30% if you want to get started in life?
    2
  53008. Is Happy Birthday
    2
  53009. You people need to get woke. I have NO house payment and an ocean view- on the beach in Venice CA. Thanks to gov Newsom I don't have to pay rent. That's for suckers. I got my tent and then at noon, I get my free needles. Then I get free vouchers for hotel rooms when I need a shower. I love the US Taxpayers providing me ocean view living for Biden FREE!. Please vote for democrats, because I like the way things are.
    2
  53010. If you like giving your money away. Im from San Diego and left due to work transfer back in 2015 and moved to Miami. I never regret it
    2
  53011. Love to see parks, etc. in a community as that makes it more more interesting.
    2
  53012. I just want to live in the neighborhood you're walking in and I'll be happy.
    2
  53013. I would love to see a video about what we can do to help ourselves. This no gas car thing in California in 2035 is insane! I hope that doesn’t actually take effect! Great video, Michael!
    2
  53014. Sitting here in Key West (I used to have an office on Stock Island) and a gentleman told me I’d need 700k to buy a property on Stock island….Stock ghetto drug Island. We are living in a clown world
    2
  53015. Safe travels … looking forward to watching new areas …
    2
  53016. Just be patient 😁👊 thanks again!!
    2
  53017. 🎉🎉🎉 and of course you just gained another thousand subscribers… You Definitely deserve it and I’m really happy for you. Great to see you meet some of your subscribers. You’re doing an excellent job but I was just wondering 💭.. Have you ever thought about doing some videos on “How we should be looking at ways to make more money”? Wether it’s investing in Silver, Gold or working an extra job to be able to save more? Just a thought. Have a great weekend my friend. Blessings, C Los
    2
  53018. No wonder I like you, you’re a Midwesterner.😊
    2
  53019. How come that woman didn't paid off her student loan yet with that $300.000,00 a year. She need to invest on a new brain. Even with enough money to pay cash American still prefer using credit 🤦🏽‍♂. She is paying for the money she already have, making no sens.
    2
  53020. My aunt and her husband had a house built in the mid 90s for $35k. He was a carpenter and they did it through a cooperative with the union. But could you imagine a house for anything close to that price today?
    2
  53021. Thanks!
    2
  53022. "Enjoy the highs while they last"
    2
  53023. That’s exactly how I found this channel lol. I was born and raised in California, but have lived in Colorado for the past 9 years. I’m not a fan of cold weather and everything that comes with it at all. I LOVE Cali (it’s my favorite state by far), but it’s not being ran the way it should so I’m looking at Florida and Arizona. Craving warm air and a lot of sunshine.
    2
  53024. Grats on the 100k button.
    2
  53025. One thing I would strongly advise is not to allow dumb comments from people with no successful channel of their own, nothing to offer that's interesting enough keep their own channel, and would have no followers even if they tried, get you to change the things about your channel that made it successful. It's like they're raving maniacs screaming at the wind - it's full of sound and fury, but it means nothing. You're doing great! Good info and needed, especially now!!
    2
  53026. Thanks!
    2
  53027. " You gonna believe me or your lyin' eyes?"
    2
  53028. I feel the yellow light is flashing faster regarding a recession. Red is very close. We are both retired collecting SS and my pension. Medicare is the big expense for us. We’ll see. Michael, you have a picture of you in a suit you mind posting? Just have to be a wise frugal shopper. When is Lizzy going to join you on a video? Congratulations to your sister!
    2
  53029. The global elite want to take all the natural resources and make us slaves.
    2
  53030. What about mortgage deferment?
    2
  53031. As always, free market home prices will be determined by market value, handicapped as it is by politically poisoned Fed mandated interest rates. The Fed is creating the bubbles we're suffering.
    2
  53032.  @MichaelBordenaro  AWESOME! Looking forward to seeing that. Great idea! 😀👍🏾
    2
  53033. Love the outrageous listings on your walks. It's great to walk in Miami every day when I'm in another state!
    2
  53034. How come everybody parks on the grass in Florida?
    2
  53035. As always good work. This devestating they cannot continue because the goverment cannot pay the interest
    2
  53036. Congratulations 100,000.
    2
  53037. Os there a threshold for how much income I could get from an investment property before I have to pay tax on it? I think here in England we can make about £16,000 tax-free.
    2
  53038.  @MichaelBordenaro  Oooh,thanks for the reply but that’s a bit complicated for a beginner like me,I don’t understand what that means .
    2
  53039. Everywhere people live have disasters. I live in south Florida. Yes, we have hurricanes. We do have time to plan. Not so much with earthquakes in Cali where the ground opens up with no warning...😊
    2
  53040. Your pricing on apartments you have gone too are in Upper middle class and higher.
    2
  53041. How true! Very well explained. I watched an analyst talk about this very thing of the largest banks swallowing up the small banks. This is not good! It means you are at the mercy of the big banks. They can make it very jard to get financing. This is gonna sink the entire home market and hime builders are gonna be going bankrupt.
    2
  53042. It's all a bluff. The lawyer's are working on a percentage of what they collect & they're not going to spend much money to collect. They dont have time.
    2
  53043. Great video today! So many good take sways.
    2
  53044. So much good advice in this video. Thank you Michael !
    2
  53045. Furst!
    2
  53046. I definitely see a full-on stock market crash soon, in my opinion. There are LOTS of hedge funds, banks, etc holding worthless Chinese bonds (Evergrande, for example), that they are STILL using as leverage. When these Chinese companies finally go belly-up (it's overdue - they're fraudulently propped up), the large funds will no longer have leverage, and they'll have to start liquidating their other large positions. The entire stock market is rife with fraud and corruption. It can't go on forever.
    2
  53047.  @MichaelBordenaro  Exactly! So much value!
    2
  53048. This was a rob on both angles ... their money and their lives !
    2
  53049. “Home equity” is probably the most dangerous, mainstream, financial product and mindset available today. People thinking of their homes as investments is a primary reason why we are in this massive housing mess right now. It flaws their judgment thinking they have created wealth when they have actually created massive amounts of debt by borrowing against their homes. Homes are a living expense that eventually become an asset after they are paid off. Selling the home is the only time people should “tap that home equity.” I’ve known way too many people who have lost their home by using it as the most valuable poker chip at the casino.
    2
  53050.  @MichaelBordenaro  , Not anymore. When I was a child I did, but I lost it.
    2
  53051. Thank you!
    2
  53052. Moved to Port St Lucie three months ago and seems to be booming like a western gold rush. Development is fast and furious. Great sleep bed community for us. Clean neighborhoods. What's your take?
    2
  53053. New sub
    2
  53054.  @MichaelBordenaro  looking forward to it. Haven't been there in years and it was for work so couldn't explore nearly as much. My husband and kids have never been there. Furthest South my husband has gone was when we went to Juno beach.
    2
  53055. Congratulations 🎊
    2
  53056. An aside: all these waterfront homes have windows that no manufacturer warranty will cover them. Why? They are 5 miles or less from the ocean and fail they do.
    2
  53057. I told you we are surrounded
    2
  53058. Hi Lisi, hi black dog, gorgeous trail, Michael has eyes, wow smell that invigorating fresh air. Yup, everything's going good, don't worry be happy, enjoy life. Worry when the SHTF.
    2
  53059. This was the Californian way, he who dies with the most debt wins. this makes logical assuptions wrong if you base your assumption on logic, humans are't logical!
    2
  53060. Sneaky black cat in bushes at 10:32 Cat decides to walk the sidewalk 10:55
    2
  53061. My realtor was telling me about the 3-2-1 Buydown mortgage option. Have you heard about and would you recommend?
    2
  53062. If you click the like button, Michael might make your down payment on a new house for you. It's not guaranteed, but he definitely won't do it if you don't click the like button.
    2
  53063. Barbara will do anything for money, she is being paid
    2
  53064. Hey Michael can you talk about the rental prices, in Florida. From just last month I have seen skyrocketing increases June to July it’s has jumped. Thank you
    2
  53065. That is one positive thing about living in the Great Lakes region--there is plenty of water. The down side is the weather--winters can get bad.
    2
  53066. Sacramento, Ca housing was hot… now it’s not. The only buyer I could find was an investor that gave me a fair price.
    2
  53067. Banks are failing, unemployment is increasing, credit card debt is rising, the stock market and crypto’s are volatile and the media is lying about EVERYTHING! It’s The Perfect Q Storm
    2
  53068. Ahhaha Ahhaha Ahhaha
    2
  53069. The US economy is based on credit, spending money you don't have making the economy rolling, so of course, the medias won't tell you what's really going on by saying that its the time to buy ignoring the global crisis, ignoring the energy crisis, ignoring the recent tech's layoffs and recession signs. Many companies like big name banks, insurance, lenders are actually on the edge of liquidation trying to grab their last dollar on naive clients, and that! Just to survive one more day. The best thing will be to stay put and wait for the housing bubble to deflate.  For information the recession already started they just don't want you to panic so that will give them time to withdraw their money so you'll be the one holding the bag when the boat officially sink.
    2
  53070. Great video. Love the discussion of specific properties.
    2
  53071. I love California but it's becoming unaffordable especially since I have a big family, so we're looking at places to move to ><
    2
  53072. Maintenance,gas, insurance...what about being in a wreck 😢
    2
  53073. That bill is just a cash grab. They could care less if black rock is buying homes.
    2
  53074. My 3rd comment in this video lol. I don’t think I’ve ever done this on a single video lol but you are doing great Michael. Thank you for what you do. If your channel helps anyone out, it is me! So thank you sir for that and I’ll see you on the next ones brother!
    2
  53075. My husband & I sold our home last spring while the market was high. We're renting a home in Hoffman Estates (not far from your hometown!) until he retires the end of this year. We're looking to rent a home in FL by May/June of next year. We plan to rent for 6mos-1yr in FL so we can spend some time deciding if our top pick (Sarasota-possibly Lakewood Ranch) is the right choice and hopefully find a great price on a nice home. We've learned so much from your videos and will be booking a call with you. We're hoping to get any advice you can offer as well as make a contact that might help us in our search for a rental and later a home purchase. Looking forward to talking with you. Thanks for all of your videos! Melanie
    2
  53076. Stock market is a bubble, it will pop
    2
  53077. Miami doesn't have a 3% cap for homestead?
    2
  53078. You so right about that some people are so concerned about money they are detached from "Reality" or from the rest of the population ❕
    2
  53079. a property is the only time that I am planning to take on debt, and it is only because it is too expensive. Car, I buy usually 10 years old car for around 5-6k at most, all cash.
    2
  53080. Michael , what you think it would happen with the housing market if we go digital with the money , would it change anything , ?? Cheers
    2
  53081. Based on the market conditions I dont think we will have any cuts this year.
    2
  53082. Sad thing is, instead of real estate prices going back down to reasonable prices, people are just going to demand higher wages in order to afford decent housing. All this does is further line the pockets of mortgage lenders. Imagine how much more money lenders are going to make off home loans averaging 6-7% and an average of $360k+ principal? Plus, values will continue going up, making lenders even MORE money in interest. I really need to get into mortgage lending. It is a cash cow!
    2
  53083. Too late--I was fooled! 🙂
    2
  53084. Great video, brother. Thanks for all you do. And THANK YOU for not teaming up with Dancin' Dan, Circus Barker Scott or The Clueless Ninja while you were in Cali.
    2
  53085. Great Idea! I hope that it goes through?🇺🇸😎☘️
    2
  53086. More and more the Philippines is sounding like the place I’d would retire too.
    2
  53087. The fact that there is still huge demand in some parts even with crazy interest rates tells you how much pent up demand there is for housing. It’s wild. It’s sitting there under the surface and waiting to be unleashed again if prices come down and/or rates comes down.
    2
  53088. Bro I am jealous your in Florida enjoy every minute I live in wa state and we get about 6 to 8 months of cold weather thank u for your service in making the videos
    2
  53089. Lets keep this recession going as fast as possible. Lots of people are broke, spending outside their means, and buying non stop because they think the market is going up up up
    2
  53090. It's always so nice to see beautiful FL 🥰
    2
  53091. Where's your house?
    2
  53092. Michael why you skip Alabama Mississippi??
    2
  53093. You said it all. And this happens everywhere. In my country (Greece) too.
    2
  53094. what else do you want to get into besides RE and you tube?
    2
  53095. Humidity and limited/paid parking won’t me move to fl.
    2
  53096. There we still many many people who want to buy a home 🏡. Feeling bad for you guys bcz it must be very hard to get a deal go through in real estate... However I still see "now hiring" signs just about every where.
    2
  53097. Secont 😊
    2
  53098. What do you think about Sarasota? Especially osprey area.
    2
  53099.  @MichaelBordenaro  ugh but when and why???? People need to stop coming here. In 2 years it's basically exploded.
    2
  53100. Wait until the CBDC is forced on everyone. Then you see what control is.
    2
  53101. For years I've thought Canada can be the Saudi Arabia of water and turn all of the US and Mexico green with a water pipeline. There's gotta be massive economic benefits to that.
    2
  53102. I heard the northeast is expecting an artic front. Good to be living in Miami. Never want to live anywhere else in America.
    2
  53103. Yes - for example here in Maine, my social security has always been two dollars per month more than the minimum wage and therefore I am not eligible for any senior programs - no food stamps- no subsidized housing because I am over the minimum wage ha ha
    2
  53104. Michael, where exactly are you getting this info on homeowners' insurance rates increasing at these amounts?? I still have a single-family rental (non-homeowner's) policy that renewed this month, and it "only" went up about 9%. State Farm in N. FL.
    2
  53105. In a condo, you share walls and ceiling so won't it be more noisy?
    2
  53106. it's an assumption that many college student loan graduates are paying anything remotely what their debt number would suggest. default rates are uber high. my wife has one from over a decade ago. doesn't work. has paid almost nothing. the government still makes these loans today.
    2
  53107. But, but officer. I have to ride the scooters on the sidewalk because there is too much dookey in the street 💩
    2
  53108. Thanks Mike
    2
  53109. In Miami, the 2012 parking garage collapse left four dead. I remember one buildling in Philly that collapsed about 8 or 9 years ago. A few died in that. That same year (2013) Philly again had some row houses collapse. NYC back in 2015, then that big Hard Rock collapse in New Orleans. All sort of near the sea. Coastal buildings.
    2
  53110. ❤😊
    2
  53111.  @MichaelBordenaro  Agreed; that would help, but patching concrete and rebar is just that, "patching", and the original strength of the materials would be very hard to achieve.
    2
  53112. Michael- buy some Rockport walking shoes. They're waterproof, so you don't have to worry about getting your tootsies wet.
    2
  53113. My plan B is a houseboat. Living on land is getting ridiculous.
    2
  53114. sounds to me like they want you to pay off the loan early at the lower interest rate and deplete your cash reserves to do it and then have to take out another loan at a higher interest rate to replentish your cash reserves!
    2
  53115. I really do enjoy all the different driveway treatments on your walks. Such art, really.
    2
  53116. So with all this phenomenal insight to a unfortunate downside of the housing market." What then here is my honest question ❓ What's the upside if any and how can those who still want to attempt to purchase a solid home 🏡.?❓ What then would u recommend I definitely don't want to be under that flame 🔥. But my family & I finally got our Credit 💳 where it's good enough but don't want to make any irrational decisions. However want to be vigilant and wise. Would u then recommend a certain homebuilder and go new or what would be ur strategic advice
    2
  53117. Thanks Michael 👍
    2
  53118. Keep em coming😀
    2
  53119. You’re handsome with the sunglasses. Enjoy your channel. Thank you for all your work.
    2
  53120. Close the border, stop the flow of drugs, guns, cash, and people so the Cartel can lose their money and power and we can get a handle on the fentanyl crisis. Then, America will be able to allow MORE legal immigration and hopefully Latin America can deal with their corruption and improve their countries. Completely unfair to legal immigrants like my wife’s family to go the legal route while millions game the system.
    2
  53121. My Lakeland 2 br 1 yr lease renewal rental for Jan 2023 went up 20% that was with the supposed early signing special, local wages & standard of living do not support rental or housing prices for the area, auto/ home insurance affordability is a whole other
    2
  53122. Congratulations on your 100K. You deserve it
    2
  53123. I’ll be praying for Florida!!
    2
  53124. So they are making over double unit cost as profit margins!? Why are we paying so much for goods then???
    2
  53125. That’s insane those home prices and property taxes. I guess if you are a multimillionaire it’s not an issue.
    2
  53126. Michael, just found your channel and very glad I did. Been going through the videos and it's a great education for someone new to the US. AND you are 100% correct about the current administration.
    2
  53127. I love those views. Water / Beach is awesome. Being not crowded is a definite bonus.
    2
  53128. Lol I love seeing your videos after looking at other youtube videos sayings there’s no crash coming 😂 how long as people going to be able to afford a 5-6k mortgage on a overvalued property, with inflation and recession? Lol we’ll see how long their little “supply shortage” lasts.
    2
  53129. A realist Michael- I want to hear the truth as well. Love your channel💕 Society is asleep everyone needs to wake up, it’s kind of scary but people dont want to hear the truth,!
    2
  53130. We saw you with that building in the background before it collapsed.
    2
  53131. This is america. You don't actually own anything. This corrupt government can make you close your business or come take your property on a whim
    2
  53132. When you say end of year for the rental units, does that include November?
    2
  53133. Who’s here because they moved to Florida this year and Ian is on the way? 😅
    2
  53134.  @MichaelBordenaro  but do they allow you on the beach when it is dark? Perhaps midnite or 4 am? Or are the police arresting beachgoers all hours? I think also mold may affect your health. Get rid of the car!
    2
  53135. Love your videos man. I’m in Tampa and the stuff the sellers are doing here line up pretty well with this. I am just going to wait.
    2
  53136. Totally agree with you on the student loans!
    2
  53137. People who work hard are not being rewarded. The woke are only interested in enriching the entitled groups.
    2
  53138. What the 'public' does not understand, about the Bks etc, is that the executives of same have already turned their efforts into real CASH. Their excuse, to unwind, will be stated as: 'Well we did not want to sell or exit, but we were forced to, when redemptions hit, and the credit markets changed significantly....etc....blah blah blah etc. Public does not get it. It is called a "Sea Change." so don't drown, if you can help it.
    2
  53139. We've allowed the government to get way too bloated and way too powerful. Now you know why America was founded on "limited" government. Too bad it didn't remain that way.
    2
  53140. Thanks for the walking-tour of “Little Moscow”.
    2
  53141. 10:00 prospects after school are very important. Gender study is a waste of time. As of now, med, law, computer science seem to be worth, as those fields pay a lot. It should be looked at just like an investment. Does it return the yields? I'd argue gender studies don't (or architecture, as I have first hand exp), but some fields do. 14:40 another huge disadvantage of real estate is that it's very illiquid. If something happens and you need money now (health problem, moving, financial opportunity), you sell a stock the next day. A house could take months. The advice at the end is, by far, the best and most relevant financial advice for anyone from dirt poor to millionaire. Thank you! It just highlights how cancerous social media is when you get bombarded with content from all around the world. Back in the 60s or so, you had a few 1000s people around you and very, very few were far better off than the rest. Most were about the same, there was no pressure to flex on insta.
    2
  53142. Great info!!
    2
  53143. In San Diego rent keeps going up! And it’s not no 0.5% so idk about the rest of the country
    2
  53144. This corrupt government has pushed so many people in debt, they are afraid to push back. They can't afford it and they are afraid. That's how communism works! That's their plan and they are doing a good job at it.
    2
  53145. Mcdoubles were a buck !!!!!!!!
    2
  53146. It’s based on income that’s at or below 250% federal poverty level. Based on a family of 4 that’s $78K, so it’s like welfare, but not for poor people.
    2
  53147. Dear Michael, I greatly appreciate future downer news that prepares me for the NOW. People who get annoyed about bad news that helps them must also believe in Santa Claus. If you think you're an adult, you can't hear enough of what works.   Peggy Finston MD
    2
  53148. Home sales are down but prices are about even.Prices are a lagging indicator though.
    2
  53149. If rents collapse, investors will hibernate.
    2
  53150. I don't even live in Florida, but you break down real estate concepts very well which is why I watch, keep telling it how it is 🤙
    2
  53151. I wish I could afford to live in Ca it's so beautiful out of the city.
    2
  53152. I am in West Palm....it is nice to see Miami without having to drive there lol!
    2
  53153. $23k a month is steep 😱😱
    2
  53154. Homeowners Insurance should be tax deductible or creditable for seniors on limited in income to keep them from losing their homes.
    2
  53155. American capitalism... When RE is in a bubble they will lend 0-1% down... When RE tanks like 2010-2012 they will only lend to highest fico score n 20% down lmao... And u have to bid higher than cash buyers adding to down payment
    2
  53156. Well Michael you proved it yet again with most of the earlier part of the video. Proved what? Proved that we still haven't found the right (smart enough) people to put into the positions of power to make socialism work. 😃😄🤪😜
    2
  53157. Our realtor helped us get WAY more selling our condo, and she helped us close on our new home while there were multiple offers. I don't think we could have done it without her.
    2
  53158. Insurance is the reason healthcare is unaffordable in the US. Insurance is and always was a scam.. a racket.. you could say.. it be a shame if your building burned down...
    2
  53159. This made my day !
    2
  53160. Fantastic!! And all the crybabies can buy them bus tickets to any blue state.
    2
  53161. Simple solution, don't borrow
    2
  53162. Jeffery Dahmer next door? Someone that killed 10 people!? I am pretty sure they would be in jail, not walking on the streets. A little fear mongering going on. But thank you for addressing the heloc crisis. Merry Christmas and thank you for your knowledge
    2
  53163. Forget about Layoffs that are announced from corporations. . Lots of buyers are blue collar workers that rely on construction. When real estate slows, and prices fall, its a self fulfilling prophecy. Contractors lay off plumbers, electricians, carpenters, roofers etc. Then those people cant pay their bills, especially with the higher insurance and taxes. It doesnt take long before they stop paying their mortgage, since most people are living paycheck to paycheck. As prices go down, now those blue collar people cant sell, so they end up losing the house to foreclosure. 2024 will just be the beginning the foreclosures come later in 2025
    2
  53164. In my opinion -- unemployment numbers are a TRAILING INDICATOR ---
    2
  53165. Awesome video. Everything is true. And yeah F Instagram it’s ridiculous
    2
  53166.  @MichaelBordenaro  Just don’t hold the conditions of Miami against the car. Mine does great here in rural Alabama. I drive mine 90 miles a day to and from work Mon-Thur.
    2
  53167. Very nice house indeed!
    2
  53168. You definitely need a bodyguard walking around Chicago or the surrounding neighborhood... 😅
    2
  53169. Reword the use of “up to code “ the term the code “ is the least to be done not the best !!!
    2
  53170. Yes. We are all suffering and it is unfair to those who work in other sectors, happy for them but what about the rest of us? The additional homestead would be great for everyone!
    2
  53171. I manage my debt load. I have enough reserves to pay all mortgages debt free. However, when I first got started , fresh out of military, college, marriage, etc , we had debt but bought used furniture, clean used cars, and purchased a smaller home. We lived below our means. No vacations except short day trips. I didn’t drive the BMW, we got a clean used Oldsmobile. I remember getting our complete set of living room set with lamps, end tables, couch and chair for $400. The lady we purchased it from was moving to New York and wanted to not have pay to pay to move it. I put down $7000 for my first home which we purchased for $35,000. We heated the house via a wood burning fireplace. The house was only 750-900 sq. ft. I came from a privileged life style, so this was a step down but I paid for it from my modest military savings. When it’s not given to you and it’s your money, you appreciate and enjoy it much better. My parents drilled it into our heads, unless you work for it, you will starve. It was a great motivator. No body gave them anything and they past that on to us kids. For the most part, I don’t know if most people realize how great we have it compared to third world economies. I think we are headed for serious times ahead. Biden has been spending our money like a drunken sailor. He needs to raise taxes on job producers to pay for all his freebies by buying their votes. The day of reckoning has arrived. Michael, you are lucky you have DeSantis, we are stuck with Newsom. 😊
    2
  53172. Son of law quit in mid December.. because of culture. Still out of work Now he's got a new culture .
    2
  53173. Coral Gables 🌴🇺🇸 Hehe. And it DOESN'T have the Coral Gables zip code ! 👎 🏄
    2
  53174. Interesting fact from today’s Wall Street Journal (12/27/23): “Rocket Cos., UWM Holdings and LoanDepot, three of the largest mortgage companies, are up more than 100% in 2023, putting them at their highest levels in roughly two years.”
    2
  53175. We have been watching you for awhile. You are amazing! Is there such a thing as house swapping? Literally we own a home in Asheville one level. Yes we owe on it still. But just want to throw it out there
    2
  53176. ​ @MichaelBordenaro  Per capita Fl has way more venomous snake bites than Ca, it looks like. I've only seen one rattler (in Yosemite) out of 40 years experience in CA and NV. I've done tons of dispersed camping all over, under the stars etc. The only time I saw mountain lion was when I was 10 in the Oakland Hills of all places, it was a pair of them about 40 feet away --one of them saw me but kept walking away. They are out there for sure but they usually hide from people unless they are starving, I guess.
    2
  53177. 1005 Shore Lane still for sale..now for $2.2MM
    2
  53178. I think that Pepsi will do well in the recession and they know it. I think they did the layoff because it's socially acceptable when layoffs are in the news. It's a way to squeeze more out of the work force.
    2
  53179. I don't trust any HOA with millions sitting in an account. Prime opportunities for thieves and scammers.
    2
  53180. I am dumping everything I have. Even if I have to take a loss to eliminate debt and raise capital.
    2
  53181. Oh no! The aliens have replaced Mike!!!
    2
  53182. Maybe certain areas but majority are going down. Those who think all is great are in a bubble. Most folks live pay check to pay check. Inflation killing families.
    2
  53183. 46th 😂
    2
  53184. 5:03 alright sir, stop showing off👀👀🥵🥵🥵🤣🤣🤣🤣 On second thought…keep going😜🤪
    2
  53185. Loved all your videos! Keep up the great work and thank you for all the knowledge you shared.
    2
  53186. Here is what the Fed is trying to do. Crank the rates high enough so that renters get their break soon when leases start to renew. THEN we can worry about home prices. More people rent that buy so I think the Fed is just going by majority rules here. I agree with the rate increases.
    2
  53187. Awesome duo!!! 🎉
    2
  53188. I have seen many people buying new homes in Bella Lago kissimmee and selling them a year later for pretty much the same price and I can't understand what is going on there
    2
  53189. BOOM... No financial education as a part of primary education.. Hit the nail on the head!!!
    2
  53190. All this advice is common sense and things every person looking to buy a house should already be doing. Houses become a cursed burden when you can’t afford it. We are looking to buy when prices become reasonable because we are frugal with our money and refuse to buy at these inflated prices. But we are cash buyers and don’t have to rely on a bank.
    2
  53191. Very good videos Michael… but in addition to Gold and Silver… you should have some Bitcoin
    2
  53192. Tuesdays are the loneliest day on youtube.
    2
  53193. Totally true Michael
    2
  53194. Nah the crash is still on! Its on like boil corn!
    2
  53195. Oh yeah? Well we’re highly uncomfortable too because the low tonight will be 20° below zero which is highly unusual here in Central Maine. !!!!!!!! !!!
    2
  53196. All right great content I have a listen to new oil but I’m glad iTunes and show you a great Contana I find that very accurate when you stated about Susie Allman and all these big people like Dave Ramsey up that’s a good perspective
    2
  53197. I hear about san Francisco and think, "how did we get here?" - I mean what you just said is totally upside down clown world.
    2
  53198. Sadly Travis is one of the few that will be honest it's about the almighty dollar Michael is also on board 90 percent aren't.
    2
  53199. you are forgetting old people who die and their kids have to sell the home their parents lived in for 75 years
    2
  53200. YOU GETTEN A BEAUTIFUL TAN WHILE GIVEN US THE SCOUP ON FLORIDA!!!!!!! (sighs.....)
    2
  53201. Thank you Michael!
    2
  53202. See the moon in the morning sky at 18m.
    2
  53203. Michael Bordenaro Thank you! 😊
    2
  53204. It is a beautiful house from the outside. But, not worth it at all.
    2
  53205.  @MichaelBordenaro  Thank You 🙏🏻 and thanks for all the info on your channel it helped a lot !
    2
  53206. Can you swim in the sea where you ended the video?
    2
  53207. Congratulations on your 100,000 subscribers woweee
    2
  53208. Thanks for letting me feel good about my retirement income and spending.
    2
  53209. I am not worried. This building was VERY poorly maintained, and next to the ocean, saltwater is intensely corrosive. A few factors led to this, including the replacement of the roof, a perfect storm of crap led to this.
    2
  53210.  @MichaelBordenaro  hi Michael, I have a friend there so starting again and using it as a base too. It’s all ahead of me, can’t wait. ✈️🏝🏖🐊🌞
    2
  53211. Michael, what do you think prices will do in key west and the other keys? Live web cams show those places empty. The MLS is piling up. Long term rentals are popping up daily, one resident said people are leaving in droves due to lack of tourist.
    2
  53212. 200K for a house?! You missed the boat by about 8 years.
    2
  53213. Thanks!
    2
  53214. I can stay in a hotel with room service cheaper than that
    2
  53215. Anyone that tells my I am bear 🐻 well yes I am when I know better than to dive into a $1M home in Los Angeles that is a shack anywhere else other than yes other coastal states. But something has to give Amigo, keep up the TRUTH and HONESTY. Met plenty of scumbag Realtors here that I would never want to partner with for sure, but your sincere and that’s poetic justice
    2
  53216. Mortgage rates TO THE MOON! 🚀 Get home prices down lol In my opinion besides white-collar jobs, the job market seems fairly good. We can easily handle more rake hikes. And hopefully no more zero interest rates for the future since that may cause home prices to rise faster than wages (yet again).
    2
  53217. We decided to sell our Miami Condo in January and just bought a house in Raleigh NC. We had crazy equity. So much cheaper here with nicer people and lower cost!
    2
  53218. When did it start most people are making enough to pay 3x rent when 1600 for small one bedroom. In Texas 2016 you pay 850 100 deposit required to make 1 x rent. Now you have to be rich to live in apartment and house 🏡.
    2
  53219. I thought you were going to talk about you'll own nothing and be happy.
    2
  53220. 👍
    2
  53221. Im 1000% sure there will be a large global event that crashes it all
    2
  53222. eCONomy
    2
  53223. Great info
    2
  53224. Spot on about the pets.
    2
  53225. “…and paid $75 cash…” 😂😂😂 thanks for letting us know your chillis expense
    2
  53226. My wife and I are currently living in a 1br apartment in Tampa, paying 2300 per month. It's a new building luxury concept apts in a nice area... a few months after we moved in she got pregnant and now we are in the group of those who wants to buy a house. I have a decent salary and I'm able to save half of it each month. I just don't think things are going to cost the same as before the pandemic for a long time. 1) The supply chain got messed up with the pandemic. 2) China is also no longer a cheap labor industrial heaven, messing even more the supply chain. 3) The tensions are too way with Russia and China against US and Europe, and yes more pain to the supply chain. Not to mention the ideologies war we are living, which doesn't happen in China and Russia (and nobody talks about this). 4) With these points above, the movement to build factories (investment) in other countries such as Thailand, Mexico, etc... takes time and money (money that could be used to lend on housing market will be redirected to supply chain investments, so the cost of borrowing is higher now). I would be happy with 5% interest on a 400K home. Better than that I don't think we are going to see anytime soon. My base is Peter Zeihan and Jim Rickards. We decided then to continue renting. Let's say downsizing (the luxury aspect) trying to stay at the 2k per month rent. So we don't touch our life savings (that we would use some for the 20% down). A 400-450k house mortgage would give us around 2800-3k per month, so doing the math subtracting 3k minus 2k we are going to be saving a 1k per month which we are going to deposit on our investment account (plus more money from our income) to keep it growing hoping for a better housing market for us maybe in 5 years or so.
    2
  53227. Love this channel! Thank you for sharing your knowledge.
    2
  53228. Just blame it all on Brandon like everything else...
    2
  53229. Great video! Cute place and the price is good, BUT...that monthly fee with no amenities would eliminate this place for me. I figured it had to be centrally located to justify that monthly fee with no amenities.
    2
  53230.  @MichaelBordenaro  Have you heard of 'Climate Change?,' just an excuse, to absurdly increase flood insurance. ...!!My 3 bedroom, Ocean front,pool, vila in Sosua DR,cost me, 129 000 USD..and a 180 USD Hoa!!Miami is a tourist trap..🏖🏊‍♀️😂😂😂
    2
  53231. Still trying to under "Insurance Companies Go Bankrupt". What is causing this - low purchasing of insurance or something else?
    2
  53232. I think HOA's are a good thing. Million dollar homes down there should be kept up and they shouldnt complain about it imo. Also Michael if you dont like the noise and want to shoot in neighborhoods maybe do it really early or late in day?
    2
  53233. Nice collaboration. I’ve seen other big channels do the same here recently.
    2
  53234.  @MichaelBordenaro  come on out!
    2
  53235. Oh cool did you walk by the Haulover inlet, it kinda looked like it.
    2
  53236. Hi Michael, what many people don’t understand it’s not about interest rates it’s about the dilution of the dollar. Government now is throwing around trillions like it’s billions and that leads to hyperinflation . You have to price how much does it cost to build a house now? What does the word cost the labor all the special ordinances that have to be put in place electricians plumbers they all cost a lot of money and they will not work for free in a high inflation environment. Anyone selling their home in this environment with high inflation is only cutting off their foot because it’s the best investment there is against inflation, hard assets increase in value. Land housing commodities like oil, gold silver copper edibles . Right now land is the best hard commodity. There is actually hard asset. Next to that is an income property that produces income . We own two homes and to land parcels that we will keep and they are part of our retirement portfolio, and we may never sell them .
    2
  53237. Timely updates plus you guys have great chemistry.
    2
  53238. No on N
    2
  53239. Like the shades 😎 👌
    2
  53240. Flipped /remodeled houses still popping up for 500k+ in San Antonio 💀
    2
  53241. Live in phoenix. Last year 400 a month this year 800 plus a month. Over 100 days of 100° but now we're in for the nicest weather you we have to walkthrough hell to get that slice of heaven. Love your channel man keep it up after your wife's with you it's always good seeing you two together.
    2
  53242. It did happen over night....it’s because of it being an open state. Your Gov is not afraid to stand up for people’s rights.
    2
  53243. Didn’t you hear?! Math is like racist!
    2
  53244. 35! Looking 47 my G, but I dig the slick back.
    2
  53245. YEP. THE MARKET IS GOING TO CHANGE FAST.
    2
  53246. You didn't mention crime rate in surfside, I've seen a few scary characters in that area.
    2
  53247. Now you know what it feels like to be a renter in 2023. Welcome to hell.
    2
  53248. That's a great outlook on life. Beautiful story. 🇺🇸
    2
  53249. I am so thankful for your videos Michael... You have a talent for tapping into the zeitgeist and sharing it with the world thank you 🙏🙏
    2
  53250. Hey Michael....I'm currently 65....I plan on living to 150....lol....God Willing....😁
    2
  53251. Credit card junkies are keeping inflation up... until they go bust once the debt clock runs out.
    2
  53252. !!!! New York, and Maine. !!! It’s very hard for some people to believe that this is happening and that it’s a so-called legal thing.
    2
  53253. Not surprised if there is any growth in HOA. There are more and more people concerned with what’s going on other peoples property.
    2
  53254. Greetings from Washington DC-Happy Birthday!
    2
  53255. Thank you
    2
  53256. I’m down 2012 pricing
    2
  53257. Thanks Michael, great information. Sharing with other collages and investors.
    2
  53258. Think it's bad now? In July a new squeeze begins: 75% of the millennial population will go back to paying their student loans after 3 years of COVID hiatus
    2
  53259. Yep, I did everything myself as well. I've made mistakes but thank God they were not big mistakes. I've never been in debt, I purchase silver and used to purchase gold and own rental property. The two investments that I have are rental property and precious metals. That's it. I think the supper wealthy only have those two forms of investments because I always hear them talk about not investing in the stock market and only talk about purchasing more rental properties.
    2
  53260. Are you kidding me.... people don't sit down and look at the numbers.... rediculous
    2
  53261. Florida got Mike out here in LONG SLEEVES! And NO SHADES!
    2
  53262. I use to move people like 7 years ago in San Diego where they were paying 10-15k a month in rent!! I can only imagine now! But it’s more about the lifestyle then it is about the home.
    2
  53263. LMAO
    2
  53264. 1st
    2
  53265. If you visit arizona during the summer heat the pavement alone will suck you dry through your sandals.
    2
  53266. I look from time to time the home prices in South Florida, it's ridiculous! Central Florida and St Augustine is crazy, especially since the pay scale is low. Recently vacation in St Augustine and the cost of how much those houses are in the old town are way over priced; particularly in Liincolnville.....it's insane!
    2
  53267. You look way to young to be checking out The Villages...
    2
  53268. Just keep reporting the truth. The head-in-the-sand cry babies can go somewhere else.
    2
  53269. Reenactment of actual conversations Me 2020,21,22: My biggest concern is I will be underwater. Various real estate agents: That won't happen b/c real estate values never go down Me today: So glad I didn't purchase a home then Various real estate agents: 🦗🦗🦗🦗🦗
    2
  53270. I really enjoy your videos. I love all the walking you do and the water takes is very relaxing.
    2
  53271. Mike if the Fed lowers interest rates in 2024 won’t that help the commercial real estate market
    2
  53272. Saw your video comparing California beaches to Florida beaches. Grew up in California hated the beaches. Too much smelly kelp. I live in Hawaii now, these are the best beaches. Come to the Big Island, you will see a huge difference
    2
  53273. Reverse mortgage they are buying low rates and selling high rates usually, you lose..
    2
  53274.  @MichaelBordenaro  I agree that the EVs are too expensive for most people for NOW. I do see that changing in the near future.
    2
  53275.  @MichaelBordenaro  hell yea brother
    2
  53276. Thanks!
    2
  53277. Yes T bills, precious metals, and if you have space some nursery plants.
    2
  53278. Live in Kalispell Montana, Podunk USA. Mobile homes here are $170k to $200k+ for just the home, lot rent is $300 to $450 a month. You can smell the home from the photos, it is gross and the sellers are getting these ridiculous prices. Residents here "we don't see our property values going down" THAT will be interesting.
    2
  53279. You changed man... you changed! 🤣🤣🤣🤣
    2
  53280. Thank You :)
    2
  53281. Nice haircut! ❤
    2
  53282. You made a big deal about the vacant house on the market and then you basically drive by it and not show it - very frustrating.
    2
  53283. This channel is so underrated! It needs millions of subscribers!
    2
  53284. great info as always Micheal. i have a question for your expert opinion. my wife and i love the florida west coast. we love small town areas but bigger areas are okay too. in a year or 2 we want to pick up a great value on a smaller vacation home that maybe we spend up to 6 months out of the year. don't need to rent it out for the other 6 but i guess we could if its an option we just want the best value possible. not on the beach, don't want to pay that kind of price...just ultimate value so we can have a cute, clean and quiet place to enjoy west or southwest florida. size of the local economy is not really an issue for us because everywhere in florida always seems to need a part time pharmacist for the old folks.... so what areas do you think we should be scoping out to maybe find 2019 or close price levels in the next year or 2? thanks as always 😁
    2
  53285. Nobody intelligent believes prices can continue to go up a straight, unimpeded line. Prices have never consistently risen; price increases have always been in peaks & valleys. Prices are not going to drop. Rents will continue to rise, although not as repeatedly as in Biden's first 3 years. If he is reelected, --even more price hikes.
    2
  53286. Fantastic video and advice.
    2
  53287. Thank you for speaking the truth/speaking you mind, Michael. Things seem to be greedier than ever out there and I don't recall a housing market ever being like this where home value skyrocket and starter homes are non-existent. What is going on out there these days, and what do younger generations get to look forward to?
    2
  53288. We gots plenty of affordable housing down here in Compton my man! Come on down, I’d be glad to show you around
    2
  53289. Ooohhh, foreigners buying houses here in the USA with shady money?? ?? That's sound familiar.... sounds like my Italian mother's side of the family from Sicily....... la luna de cacciatore......
    2
  53290. Hello Mr Bordenaro, Native here, Jackson Memorial 1959. Grew up in Miami, W Hollywood, West Palm and now live in Nobleton since 2014. Love your content and yes, many good reasons were given. If I may give this as another reason and for me and my fellow Natives of my age, would probably agree, the #1 reason not to move here; This isn't Florida anymore anyway. Think about this, as much as you and many other transplant find a good life here and the beaches, rivers, everglades, etc are spectacular. Lots of outdoor and indoor activities ie; local music festivals, art festivals, indoor museums, bike paths, etc. Imagine what it was like just 20 years before you arrived, so about 40 years ago, then imagine i lived here for 40 years before you even arrived. Can you possibly imagine what Florida looked like then? The beaches, were like the Florida keys now. The springs like weeki wachee, silver springs, itchnetucknee, The Swanee and the Florida Keys. The Everglades went on forever and started at the eastern boundary of Military Trail. There was no alligator alley, only The Tamiami Trail. No I-95, the turnpike ran from Ft Pierce to Miami, no I-75 or I-4. Never an algae bloom or e-coli warnings, never salt water intrusion of the wells of coastal municipalities, etc. This doesn't even scratch the surface but, it ends the same way. This is not Florida, just a ghost shadow of Florida. If relocating people have all the good qualities you described, then they can literally move just about anywhere and have a good active, rewarding life. Ive finally moved to the upper west coast, just southeast from Crystal River and finally Ive retreated far enough North to feel a connection to "Old Florida". Not the "social" Old Florida but, the Natural one. Thank you for allowing me the opportunity to at least indirectly communicate with you and offer you a complimentary view pointe. If any migration should be encouraged let it be retirees. Retirees have permanent income streams, they are gonna spend a lot of time indoors, not really clogging up the bike paths, State Parks, Beaches, etc. They are generally resigned to being patient about most things and wont be adding to downtown work parking woes. Most retirees I've met in my lifetime are attracted to both apartment/condo living as much as to traditional home and yard. And, the very best part, they wont really be around that long 😁, so its almost a revolving resales door. Anyway, thank you again. I would be more than glad to give you some insight into this demographics as an additional tool in your arsenal of real estate skills. Respectfully, Dr. David Gutierrez (retired).
    2
  53291. There's a reason why Florida is the #1 place for retirees. Cost of living, No state tax, warn annual weather, entertainment, great beaches, like Melbourne, Miami, Siesta Keys, Clearwater, and Daytona, just to name a few. Also great for those who love to cruise. Miami, Tampa, Port Canaveral, and FT Lauderdale. I travel to Florida almost monthly. My mom, and Grandma lives in Kissimmee, and I have other family and friends all over the state.
    2
  53292. So all of this talk about a terrible economy (the worst) and you're still holding on to that 18 and move out psyop? Which was funded by the rental industry to gain more tenants and deter private business creation. Foreigners in America are living with family, supporting each other, starting businesses, and thriving. While generational Americans are lagging behind them by trying to be 'independent' out of ego. Multigenerational households are financially, socially, and environmentally wise.
    2
  53293. H MICHAEL FROM THE UK . The Difference in rent /mortgages Increases ' since you lived IN THE BUILDING is a vast indication to people Today of the way the WHOLE Idustry has got out of hand in INCREASES IN JUST 12 years .. in opinion has became EXPLOITATION . People who watch you and put negative comments [about disbeleif in the markets ] if they are not GETTING IT NOW ...NEVER EVER WILL . ANOTHER THING ' BULIDINGS near the sea front is a RED FLAG To buyers . BECAUSE Of Salt AIR 'And WIND . degredation ... GREAT POST AGAIN MICHAEL . VERY GENUINE DEREK .
    2
  53294. In the 70s we did not have Instagram AI Facebook Apple iPhone😂
    2
  53295. wait for the crash only if you have available cash for the complete mortgage .... mortgages will be very difficult to get.
    2
  53296. Thank you for vedio , just have question what is the limit the airports systems allow you to take when traveling from country to another???
    2
  53297. 👍🏻
    2
  53298. Let’s go to Disneyland 🤩🥳
    2
  53299. PMI applies to any of these scenarios?
    2
  53300. Yep! I was "Right." The provision of endless finance for million dollar level units is insane. Stop the 30 year mortgage, they U will find out what the Value is for these houses. Price is what you pay. Value is what you get. ----Quote of W. Buffet.
    2
  53301. it’s terrible, try going thru the court systems against inheritance stealing whores. Be sure to have your afterlife intentions in place before it’s too late.
    2
  53302. FTX 40mill donation to Democratic Party was a payoff not to be prosecuted.
    2
  53303. I own my house but never had it insured.. I’m fuked if anything happens.
    2
  53304. ❤ daily check in ✔️❤
    2
  53305. Stupid is as stupid does is my opinion!
    2
  53306. I really enjoy your videos and the walks and your personality and handsome looks no ai content could compare
    2
  53307. Hi Michael & Lisi! ☀️🌷 What a beautiful place in Velvidere CA!
    2
  53308. I am a gay man and retiring early at 61. There's a lot I like about Florida... I've got a sister in Naples ... but, well, I'm reluctant to live in a red state. I've been out since the age of 18 and have only lived in "gay-friendly" cities (NYC, Philadelphia, Los Angeles). Are there any places, other than Wilton Manors, where you think I might find like-minded people and a friendly gay community? I've got two dogs so green space -- even city green space -- is important to me. I need access to culture. If you can help, it'd be much appreciated.
    2
  53309.  @MichaelBordenaro  Thanks, Michael. Seems like you recommend renting rather than buying in Miami. Is there such a thing as a realtor who will show you rental properties (as opposed to purchases)?
    2
  53310.  @MichaelBordenaro  Thanks again!
    2
  53311. Hey Michael is Steve again here in New Mexico. Thanks for the video. I'm 34 and my thoughts as a millennial is it takes two single families income for one single family home. That's just how it feels like to me. Thanks again bro
    2
  53312. michael which beaches would you recommend to vacation at on Floda's east coast? Any advice would be great I am looking at Palm Beach down to Surfside area. I am looking to book a vacation trip from February 22 through March 22 2023. Thanks
    2
  53313. Great video Michael thank you 😊 I have 3 adult, kids at home and I'm single mother for last 18 years and yes I'm paying all the bills so my kids can get educated but at least they are nit a big spenders but can't wait for that to be over that's why I like to move to Florida all by myself and have some life
    2
  53314.  @MichaelBordenaro  its awful! I moved here in 07 and I cannot believe the growth without the infrastructure! National Geographic some years back listed Saint Augustine as one of the top 10 places in the country to see Christmas lights. Yes it's pretty but yes they are just Christmas lights like everywhere else. I think when that bit of information got released was when things started falling apart here. Yes it's still a fun place to party,if ur on foot lol😂 During the nights of lights which starts pretty much right around Thanksgiving n runs thru The first week in February this town is totally overcrowded I would not recommend it to anybody. Unless of course crowds are ur thing n u dont mind waiting in line at the visitor center for 4 1/2 hours to take a silly trolley ride around town😂😂😂
    2
  53315.  @MichaelBordenaro  cant say I blame you! It seems as many people that are moving to Saint Augustine,are moving away from Saint Augustine.......
    2
  53316. Employment scams have obvious red flags: 1) ask you to send money for your equipment 2) ask you to buy your own equipment and send to them 3) ask you to buy your own equipment from their own site 4) when you search for the company, they might not exist 5) the company is medium to large but outsourcing HR 6) when you search the website history, it was made within the past month 7) high paying for low skilled. At senior level jobs, pay can get pretty high and vary a lot, but low skill jobs typically don’t vary very much. 8) recruiters are foreign. It’s common for very budget conscious or plain cheap companies to hire foreign recruiters. The price they are willing to pay employees reflects that too. But if it pays well and it’s a foreign recruiter, you are probably being baited.
    2
  53317. But there going to carry more debt! That’s not smart.
    2
  53318. You are going to need a degree to work in fast food now 🤷🏾‍♀️
    2
  53319. 1st
    2
  53320. Hello from Washington DC!
    2
  53321.  @MichaelBordenaro  will do.
    2
  53322. You’re right Mike 💯💯💯
    2
  53323. I like music on the sidewalks and street food vendors, with lots to do, but still has a small town vibe. There is a lot of that in Myrtle Beach, South Carolina, which is the beach I'm most familiar with. Can you suggest a beach like that in Florida? Not too crazy big, like Miami, but still has a lot to do and some activity?
    2
  53324. Congrats 🎉 keep up the excellent , honest reporting . Much appreciated .
    2
  53325. Omg, this is a wonderful video. thank so much for showing those options. Looking forward to seeing more options of homes under 250k. Don't need to have pool for me though, and i prefer central Florida. thank you
    2
  53326. Was in sedona just last week. Only the wealthy own homes there and all the worker bees come in from many miles away. Here beachside San Diego now. Same nonsense happening here but at least the taco shops kickass!! Timmy C Arizona
    2
  53327. And another one! Thx for all your vids brother.
    2
  53328. 🎉🎉🎉🎉
    2
  53329. Hi Michael!. Lol!. I can’t feel sorry for these millionaires worrying about retirement; as they are obviously living well beyond their means. Greed has infected our world and is destroying it. I have never been materialistic and always a saver. Living frugally within my means and being a minimalist, I retired at 60 free of debt and happily left the rat race workforce in 2021. These greedy, insatiably money hungry, wealth hoarding monster corporations’ consumer marketing schemes/traps don’t work on me. I don’t need their shiz!. Now as a family of retirees in these uncertain, manufactured(for record profits) inflationary trying times, we’re happily living comfortably and so grateful for all our blessings. That is true wealth. Praise God!. Praying and keeping our savior Lord Jesus Christ close. So no worries or fear here. God bless. 😊
    2
  53330.  @MichaelBordenaro  Sometimes I get an "Are you really sure you wanna post this?" message, usually after dropping an f-bomb or 8. I click yes I'm sure, and the comments get posted, or at least I think they do.
    2
  53331. There’s too many people trying to live on a finite resources planet. 20 million illegal immigrants now need housing, too, and the government wants to give them a free down payment- with my tax dollars.
    2
  53332. Not so fast guys!
    2
  53333. Yes. It’s CRAZY.
    2
  53334. Taxes don't come down even when prices crash?
    2
  53335. My income is below the Federal poverty line, but the good news is I don't have to pay income taxes to support the corruption.
    2
  53336. I don't think the Zillow estimated payment includes an accurate insurance price.
    2
  53337. Great info.
    2
  53338. Thanks Mich
    2
  53339. You mean July 15th?
    2
  53340. how did the 900k rental units come available all of a sudden?
    2
  53341. 46% of Americans work for small businesses, not majority of country
    2
  53342. Hi Michael, thanks for the tour! Do you use an external microphone or it is the iPhone internal mic?
    2
  53343. We’re you walking past low income housing? Or just apartments?
    2
  53344. We love your videos. Thank you for your time, effort, and research to enlightening us regarding our move to Florida. Keep them coming.
    2
  53345. Im trying to decide whether to buy a home in Colorado or Florida. This has been one of the most hardest decisions of my life. Do you have any advice?
    2
  53346.  @MichaelBordenaro  yes, but that is the crux of the issue; I love the great outdoors. I love hiking;. I love gardening. And Colorado offers the best hiking, while Florida would offer the best of gardening. The only. downside to Colorado is the long winters, and the only downside to Florida is the hot, humid summer temperatures. Thank you for your time. Much appreciated.
    2
  53347. George Gammon demonstrated in one of his videos that real estate prices didn't bottom out until four years after the Great Recession ( 08 -2012 ) began. A recession kicked off by the crash of the subprime real estate market! The market didn't decline in a straight line either, but a slow steady decline for 4 years with occasional months where prices held steady or increased slightly, only to continue the down trend again. But by all means, anyone who thinks this is a never ending raging bull housing market go forth and buy, buy, buy. Its a free country. But bankruptcy court does charge fees.
    2
  53348. Can putting your real-estate in a trust keep you protected????
    2
  53349.  @MichaelBordenaro  if possible, i think you should do videos on other CIties like Tampa, Orlando and smaller beautiful small towns like Punta Gorda, beachfront small town. There are so much to do in Florida, i cant wait to move there for good. i lived in the northeast 25 years. sucks, i hated it :) last year i moved way still couple hundred miles from NY for work. Your videos speak for themselves, the quality and their contents.
    2
  53350.  @MichaelBordenaro  keep doing what you doing, i think you will have a lot of subscribers in the near future. People will certainly enjoy and love what see on your videos. While i have not been to all major Cities in Florida, but there are so much you could do from Fishing, Jetkiing on the water, Boating and etc. Jacksonvill would be a good one to talk about and so i Saint Augustine and the Beaches. I know you got the plans and good luck on your next adventure.
    2
  53351. I love living in N. FL (except in humid hot summer) because we have 4 seasons, yet no smow.😊
    2
  53352. 8 months ago houses in riverside,ca were selling for 570k now today a house sld for 485k they sold it 40k less the askin price
    2
  53353. Prior to the Great Recession, when housing prices were in a long trend of increases, ARMS at least made a quantum of sense- if the rates went up, you could always pull some equity out of your appreciating home with a second mortgage or HELOC and try to sit out or renegotiate the mortgage. It was when home prices crashed that people started walking away from their homes. ARMS now, in a period of rising rates and falling values, seems suicidal.
    2
  53354. Here in Canada, they do mortgage fraud. Fake T4 (tax return), employment letters, bogus phone verification, sometimes even underwriters on the take. When home prices rise nobody notices because if someone can't afford their home they just sell it, and use the profits as a down payment to buy one legit. This is why mortgage risk is highly correlated in the downside - Way more so than most analysts assume.
    2
  53355. I want to buy a home for investment. I live in my RV..not looking for my personal home. Have one.on wheels..all my kids are grown..I am 54..an looking at life soo different levels now..I need money investments on going incomes..yup.
    2
  53356. Your description of Miami Beach reminds me of when I first moved to Florida. I too chose Miami Beach for I couldn't imagine just putting myself somewhere in Miami when I had no job and no car. Where would I put myself? How would I know if I could walk to a grocery store so I don't starve? Miami Beach was very compact and multiple buses traversed the same Collins Avenue. This was back in the late 80s early 90s. I too lived in North Beach on 80th street. When I wasn't working I found myself in South Beach all the time for my own entertainment. I found the GREAT variety of people from myriad cultures I would interact with a great draw. It was still rather neighborhood-like. Friends who lived in South Beach used to tell me how it felt like a small community. Lincoln Road had a lot of independent boutique shops with interesting wares. It had become a little more commercial with chain retailers since. I've since purchased a house in North Miami Beach so I don't make it down to South Beach much any more. I do agree knowing the ocean was in walking distance was like a salvation. I didn't think I couldn't tolerate all of the concrete without that ocean.
    2
  53357. Hello from Cali. I work in San Rafael and yes Marin County is beautiful. However, the cost of housing is high. However, I'm not teĺling you anything you don't already know. I'm with you about the heat....I hate it 😠. Great work as usual. God bless you and yours 🙏. OMG! It's actually raining right now in Hayward CA.
    2
  53358. Thanks so much for sharing this info about hurricanes & home buying. I was concerned about the insurance situation before Ian, but now I'm even more concerned. Hurricanes don't deter me from wanting to move to FL, but the insurance situation is a bigger problem!
    2
  53359. 🎈🎂1️⃣0️⃣0️⃣0️⃣🎁🎈
    2
  53360. People don't realize what it was like to get a mortgage before the creation of Fannie/Freddie and the FHA's involvement in the mortgage industry. You would have to have an established financial relationship with a local bank. Your financial resume and profile would be submitted to the bank's board, the board would review your financial resume and profile, they would interview you, your family members, they would get references from acquaintances, they would scrutinize everything about the property. That is how it used to be. We may be returning to that level of scrutiny, but instead of it being done by a bank it will be conducted by the government and you will be given a "social credit score" like in China. at least before you could shop around for different banks. If you are blacklisted by the Government from being able to obtain financing for a mortgage, it's game over
    2
  53361. 25% of homebuyers in Austin have a lower payment then they would have had a year ago....cmon Michael....
    2
  53362. This is a private business, but somehow the government is at fault again. "The government should stay out of my business...unless I need help!"
    2
  53363. Theres been a rumor, at least what i heard while in TN....that much of south.FL. or more...is going to be covered with sea water...anyone on here hearing that one? 🤔 No storm drains in Miami?
    2
  53364. Real estate price doesn't concern me as much as sensible payment terms. "Mr. Owner, if you can be flexible on payment terms, then I can offer full value." "Mr. Owner, which is more important to you: How MUCH money you get or WHEN you get your money?" Creative financing solves huge problems for both buyer and seller.
    2
  53365. I thought subprime lenders died 2009?
    2
  53366. I bought a aircraft 3 4 years ago. For 30k. Crazy it’s now worth 240 k …. I didn’t buy it to make a profit…. The insurance on a quarter million dollar vehicle is like wtf .. a car a aircraft a home. … Like wtf. It’s went from 1200 bucks a year to 5k a year. … I got 2 of those birds ….
    2
  53367. Love your videos my man! Wife & I have been watching (midwesterners in CA moving to Florida by spring next year). Can’t wait to get to the panhandle. Glad you took that trip up there, been a couple years since we’ve been there
    2
  53368. Fudge 18 THOUSANDS dollars a month. I rent my house for 8 HUNDREDS. How is 18 thousands A MONTH possible. I pay less then that for a whole year. This is fucked up. Can you imagine working at the McDolald LOL
    2
  53369. Hey, M.B. You made some valid points. Thanks for sharing.
    2
  53370.  @MichaelBordenaro Agree. The ability of so many people to work remotely is a big factor for FL real estate now.
    2
  53371. I'll be in Pensacola second week of December. Currently living in Maryland. Definitely waiting for your videos on that area. Thanks. 🤙
    2
  53372.  @MichaelBordenaro  I hope so brother 👍🏼. I’ve been a broker since 2002 in the Boston area and I don’t want to live another recession like we had an 08.
    2
  53373. Well this didn’t age well with the fed announcements lol. Keep up the great work Michael been following you from the beginning. You make a lot of sense we think alike but the world is crazy.
    2
  53374. Today was beautiful in Miami.
    2
  53375. I suppose Biden and Kamala will give the students an extension in order to buy their votes.
    2
  53376. Great info video thanks for sharing!
    2
  53377. How about a review on some restaurants 🍳🍔🍟
    2
  53378. What about people who used their home equity for FTX cryptocurrency 😨
    2
  53379. Michael, where are you getting your rental stats from? EDIT: Found it (Zumper).
    2
  53380. @Michael Bordenaro  well I live in downtown ft.pierce next to the beach, I'm purchasing a condo in Melbourne FL next to the shopping area hopefully I'll never sell it but like u said never say never. Like 5 years ago I posted on fb that home prices here will go up. I think Melbourne will be a goldmine
    2
  53381.  @MichaelBordenaro  You're right! I've only had rain on one visit in all the times I've been there. Even if the weather report showed rain, it was almost always hot and sunny with a 5 minute shower later in the day. If not, I'd go to Marco Island or somewhere else on the other side. Always found a way to make it work 👍🏻 I'll be heading down for another 10 days very soon. We'll see how it holds up 👍🏻 Even with bad weather, it's still better than being up here anyday 😁 Everything else is a bonus 👍🏻 Btw sorry to get away from the topic on Cali. My mind is on Florida as the trip is coming up soon!
    2
  53382.  @MichaelBordenaro  Thanks for the wishes again! The fall just started up here and it's 46 degrees tonight. Haven't enjoyed the beach since May. This trip is much needed 👍🏻
    2
  53383. what matters with a second home or vacation property is the cash flow and how reliable that is in any given situation. My friend took out a mortgage on his house to go into business and yes he bought a building for his bricks and mortar business, he works two jobs now, and is constantly tired, but if it all pans out for him, he will do very nicely in the end. So he sort of bought an investment property as there are now two businesses paying his mortgage, but still the risks weigh heavy on him.
    2
  53384. I know no one getting a 5 % raise. Only 2 or 3% and thats across professions. Some are getting no raise. Maybe the top ceo's are getting 10% and skewing this average.
    2
  53385. That house (you showed at the beginning) looks like it is being overgrown by a jungle. You would think they could do some nice landscaping for that ridiculous price. LOL
    2
  53386. ❤ just a algo comment ❤
    2
  53387. Thanks Michael, always enjoy your information packed videos….
    2
  53388. If I am not mistaken, when we had home owners insurance in Florida we "bundled" our home and autos and got coverage through AAA (the auto club). They offered the best rates. I think I heard you mention $3000 for flood insurance. Our coverage cost us $355/year and we had a 5 bedroom, 2 story house on a canal. BUT - what sort of job do these potential buyers have ? Are all these buyers owners of cash businesses ? Where is all this money coming from ?
    2
  53389.  @MichaelBordenaro  I know. But it's still very misleading. It will steer people away from places when you just go over the statistics on paper and not through experiences.
    2
  53390. I hope you got a chance to check out a sunset or two while you were there. Some of the most beautiful pics of sunsets I have seen were taken in Dunedin. Neat little town. Actually was the second town I visited when I first moved to Tampa. I melted my way all the way down to that pier you were at then back to my car. It was so hot that day. Also had a great lunch at one of the local restaurants there.
    2
  53391. Hey, that's a great idea --artificial girlfriends. 😅
    2
  53392.  @MichaelBordenaro  one thing I like about Miami Beach area is how integrated boating & aquatic life is there with restaurants on the water line or docks instead of parking garages or in addition to instead of other places where you have to drive to a Marina or port
    2
  53393.  @MichaelBordenaro  a person from coconut grove liked a picture I posted to my Instagram of a luxury house with its boat docked at night I spent half an hour trying to photograph it properly and almost gave up trying
    2
  53394. Hello from the over inflated prices in the NW Metro Atl Burbs 😢 Thank you for the lovely scenery! Its so calming! Have a blessed visit! 🌞
    2
  53395. Michael ~ your a good lookin dude make your videos shirtless & without them shades
    2
  53396.  @MichaelBordenaro  thank you for your reply !
    2
  53397. 5:19. what do you think the montly note is on that Lamborghini colored corvette???
    2
  53398. That entrance into the building. .??? How do you move in? Don't have a lot of stuff to bring in. Hopefully, no one is coming out when you're coming in. Wow, very narrow space.
    2
  53399. The August median sale price appears to correspond exactly with the timing and upward movement of mortgage interest rates. The median price will likely follow the interest rate volatility for a while. Lower prices are counter-balanced by upward interest rates. Don’t know if that’s good or bad. I guess it depends on the particular buyer.
    2
  53400. Average person with an average salary should be able to afford an average home.
    2
  53401. Hi, Michael. Housing is going crazy in CA. Check out the article in Full House about the city of Milpitas asking parents to take in teachers to live with them since they can’t afford housing. Also, Governor Gruesome wants hotels to fill in empty rooms with homeless. Another website I follow is Housing is a Human Right. Have a great day!!!
    2
  53402. Do you know what was the condition of the house when they paid 155,000?
    2
  53403. Thanks for going on walks.
    2
  53404. People don't like getting ripped off, inflation is a thing, but a lot of businesses are jumping on the bandwagon and using it as an excuse to raise their prices.
    2
  53405. The goal of destroying a neighborhood either through crime or lockdowns, etc is to lower the property value such it can be bought up cheaply. Happy birthday
    2
  53406. We will pay more than double for condo insurance starts July 2023 , just for you to know. We live in North Hutchinson Island.
    2
  53407. All it takes is another Ian to break the camels back for the insurance companies to have another increase
    2
  53408. Give me a car with am/fm radio, crank windows and a stick shift and I would Love It!!! Only luxury Air Conditioning 😊
    2
  53409. Insurance is nothing more than legalized extortion. That entire industry needs a complete overhaul. First off, you write everything in every state or you write nothing at all.
    2
  53410. Hallo Michael Great video West coast the house for under $200k good If there still have can send for some thank you Have a great shown
    2
  53411. I like the frequency but sometimes find it hard to keep up lol. I prefer overall economic topics or real estate but doesnt have to be Florida focused. Also as far as dealing with debt of deceased relative it depends on the creditor . I was an executor and as long as you contact they will usually work out a settlement which is much less than what was owed.
    2
  53412. Yes. It has happened 2 times w our business accounts. My partner will only use a fine Sharpie pen. Says it can not be washed out. "I do not know this" And is getting away from sending checks. And Not Printing any longer.
    2
  53413. This is awesome.
    2
  53414. 'Normal' is not returning. Everything happening is by design and is about ushering us into a new controlled system. We are in a high risk environment now and whatever is likely to happen is pure guesswork.
    2
  53415. The economy hasn't been doing "so well" for the last 15 years. If it was then we wouldn't have needed QE to save the system every time the stock market starts to crash. They aren't getting away with it anymore cause people, countries are tired of being taken advantage of. They want to see their money. Time to pay the piper.
    2
  53416. Come to Cincinnati. You'll enjoy it.
    2
  53417. I lived in Florida my whole life, and im tired of it being hot. So I’ll go to New York (rent)
    2
  53418. Thanks.
    2
  53419. Good informative vid. All the best Shaun of NYC
    2
  53420. Love your videos! Informative and very engaging. Thanks for all the research and time you put into these.
    2
  53421. We have 3 2007 2 1998 all pay off and all work perfectly we don't need to buy new cars 😅we love to be free of car paying they all drive in the same roads same gasoline insurance is cheap $89 per month we eat at home monthly payments for food $250 super healthy food not junk we don't drink junk drinks naturally made at home no package food cook from scrach filter all my water no bottles of water thank we pass we have none electric gravity water container to filter water filter las 5 to 10 years pets eat at home too with us we spend money in quality food only we don't go to parties or gifts to anyone sorry we want to buy a home cheap i personally will like off grid home I have everything that I need to do it why we want to go off grid home city water has more poison then well water why pay them to kill me we are going to shopping anyone we got what we need restaurant are off for us this waitress demand you to par their salaries and health insurance yes you heard it some areas they want you to pay insurance 😮 not my money I eat home I need to eat good we are healthy old couples no medicine expensive thank God we don't use hot water to wash clothes turn all lights off we use solar lights for the most time
    2
  53422. Love your videos. Please explain why prices are not dropping faster in Florida? Stubborn owners? Thanks
    2
  53423.  @MichaelBordenaro  I mean like nurses, doctors, surgeons. I don't know do i need to have only high school to work there or something more? I was looking on internet but couldn't find anything l.
    2
  53424. There are a lot of places where the American dream is dead. Specifically anywhere that renting is more cost effective than owning. I live in SoCal and a 1 bedroom condo is like 300k and going up 50k every 6 months. Most people have what, 5k in the bank? Makes sense they’ll never be able to own even the smallest ‘home’
    2
  53425. We must begin "structural integrity inspection" business and became billionaires 😊
    2
  53426. Lol 😅 angry hater mad at you for making the right decisions.
    2
  53427.  @MichaelBordenaro  sounds like a side hustle, sunglasses link below lol
    2
  53428. Excellent points, great video 🙏
    2
  53429. Thanks Michael
    2
  53430. Michael, I love you, man. I agree with you on pretty much everything but I have to disagree with you on electric cars. If you ever come down here to Newport, I will take you and Lisi around in my Tesla. I promise you will change your mind. Trust me, I'm not some crazy liberal environmentalist but once you drive a Tesla it changes the way you think about cars. To me is not about saving the planet, Teslas are amazing cars. I know people who have had the Model S for the past 10 years and never had a problem with the battery.
    2
  53431.  @MichaelBordenaro  as long as there not to expensive & the beach is good, I look at all of them, I'm 70 want to move but !!!! oh well I'll just keep watching your video's very beautiful !!
    2
  53432.  @MichaelBordenaro  your welcome !!
    2
  53433. The key to 1981 was the value of our dollar to todays value. I think I made $10 an hour in 1981 but in todays dollars it’s $34.04 an hour. Incomes have not kept up with inflation with the demise of our manufacturing base that cut our middle class off at the knees. Because of inflation it takes 2 married professionals earning 90-100 thousand dollars each to qualify for a home. We lost our way when we became consumers instead of producers. In short we sold our jobs. When we collapse and our dollar is no longer the world reserve currency, how are we going to build our way back. Saying we will lose 10 years is wishful thinking.
    2
  53434. For most it is not the income. It is the dumb, useless spending.
    2
  53435. Greed and stupidity will be punished hard by wake of reality for sellers and landlords. Serve to qualified buyer or tenant now! Before this deathblow left you cold!!!
    2
  53436. Seems like someone got a new camera.
    2
  53437.  @MichaelBordenaro  for some reason looked better today.
    2
  53438. Take a walk in Liberty City 😂
    2
  53439. There are more jobs than people because people are getting a second job. If you looked at the average hours worked in these jobs the last several months it showed a lot of PT jobs being added. Europe reports on that right out front - transparent. We don't. We treat a 20 hr job in retail the same as a FT career job in industry.
    2
  53440. Was it fomo really? or uneducated greed from all the fake money and business lies they had Don't belittle the truth. People even bought vehicles to live out in the open road for social media clout. All millennials gen z who bought without inspection never happened in the history of this earth.
    2
  53441. 2nd 3rd and 4th bishes!!!!!
    2
  53442. ty
    2
  53443. Hey Michael: have you considered using a GOPRO, which has several accessories to make walking and filming easier.
    2
  53444. They'll be arresting Santa Claus soon.
    2
  53445. A heads up on real estate taxes. When you look at Zillow and see a low amount paid by the current owner, that may be the homestead rate over many years (FL law doesn't allow more than a 3% increase annually). When you purchase the property, you will pay the millage rate on the current value of the home which could be significantly higher. Michael is spot on regarding HOA fees. It's like paying rent forever even though you've paid off your mortgage. The special assessments, which are in addition to the regular fees, can be tens of thousands per household.
    2
  53446. This part of the world is so beautiful.
    2
  53447. Great video. Show us your eyes. Gather the shades are necessary to block glare.
    2
  53448. I know that location very well..Am sadden beyond words for the families waiting for words about their loved ones..My heart hurts for the families in grief..
    2
  53449. I wonder how all those condos now became affordable to the rich after the pandemic ? Interesting how those elites are filling up those Surfside units.
    2
  53450. This is the only crash in history where prices are still up on the year! No ONE cares about a 10% decline when prices are up 100% in the past few years. If they take years to play out how about make one video every 90 days and document the crash instead of every week saying there is a crash.
    2
  53451. Historically when the FED "pivots" stocks & housing crash
    2
  53452. When did Don Johnson start a Miami vice vlog
    2
  53453. Hey, was there a video where Michael covered a fund manager??
    2
  53454. If you can't afford a home now then you have no choice but to wait lol Waiting on a crash that may or not happen. Idk about that one chief. The housing market is way more regulated than in 2008. No more crooked Subprime Mortgages.
    2
  53455. For the algorithm.
    2
  53456. I'm in LA and all the stuff he said about what you can do in SF also applies in LA. It's a pretty shitty state
    2
  53457. Mexico Michael low property tax ... better neighbors... n no one is borrowing zero down or less than 20% for property no housing bubble.
    2
  53458. Second!!
    2
  53459. If wondering maybe some time you can do the trailer park
    2
  53460. ANGRY MICHEAL LOL😂😂😂😂
    2
  53461. Shape of things to come! Yeah!!!
    2
  53462. Someone I know who's never been worried called me and said what do you think. Last year they were buying crypto like it was going out of style. It's a coming. More waking up
    2
  53463. No such thing as free. Government funded = tax payer funded.
    2
  53464. THANKS!🌻😊
    2
  53465. Michael, I do not believe that the housing market and home buying are slowing because of rates, its always been about demand. Back in the 80s interest rates got as high as 18-20% but the demand was still there, and houses were sold. So, the Rate hype, I'm not buying it because you will have the opportunity to refinance at a lower rate at some point. To a investor, we light up when we hear recession= Opportunity to buy. Any house that you buy right now will be higher 5 years from now. Everything Long term is going up. How many years has the housing market ever go down. 1 time I believe. Although I knew most of this I did get part of this Via Jack Ramsey. He just made a tape titled Best time to buy a house. He like me does not believe Florida re will drop by more than 5-10% and by the time you try and reenter the market you might be paying higher price. Maybe you could watch the video since he is highly respected, and then comment ?? I am like you. We can discuss without banter or such Ty
    2
  53466. An sound mind would agree how and which way it get worse instead unrealistic of things might get better for the normal people.
    2
  53467. Digital plates are just another flex. Show off how you can afford $1000 plate....
    2
  53468. Don’t be Sad for me. I retired at 58 with my pension and continued working in a different career cause I wanted to. I’m Making great $$$ and SOCKED IT AWAY!
    2
  53469. I want you to show case some of these houses….I like these houses…come on….do a walkthrough
    2
  53470. Happy Birthday. Love it 😊😊😊😊
    2
  53471. RENTING is worse..
    2
  53472. Great video once again Michael. My 401K has lost $10,000 since Jan 1st. It just disappeared. Guess I'm lucky, another friend has lost 100K since Jan, and another friend lost 400K since Jan.
    2
  53473. Thanks!
    2
  53474. Gorgeous, you can see they poured a lot of money into it
    2
  53475.  @MichaelBordenaro  did you see the video about Zillow..they are stuck with a huge inventory of homes...they would offer sellers a large amount, slap a coat of paint, wait a month or two and make a huge profit. Now that prices are stabilizing or going down slightly, they're having to take a loss or hang on to those homes. Approximately 500 of them. It doesn't pay to be greedy.
    2
  53476. This is why Powell prefers pce vs. cpi numbers. PCE doesn’t seem to reflect true inflation I don’t think. He can say see guys it’s not that bad.
    2
  53477. Very nice video. Thanks
    2
  53478. You'd have to pay me to shop at Creepy 🎯
    2
  53479. How much does it cost just to rent a room?
    2
  53480. As I said before you are a very nice human being..thanks for the good video.
    2
  53481. This is what happens when you overpay
    2
  53482. no years squater rights
    2
  53483. @MichaelBordenaro  That is true. Where my parents grew up, hardly anybody had cars. And they couldn't afford it anyway. Thanks Michael. I really enjoy your podcast.
    2
  53484. Michael .....sorry but you mis-pronounced Dun-need-din. My sister has a condo that was in the background on the marina. Dunedin is actually a very happening place with non-stop festivals (during normal times). I think they have 7-8 breweries and some excellent places to eat. It is a great place but the RE is expensive. Enjoyed.
    2
  53485. I am ready......
    2
  53486. I lost my job working working an off and on. I still made all my mortgage payments. I always keep $10g just in case and never used it because unemployment paid out and the last check connected everything. He'll be alright if that happens if he handles his money right. I've lost count of how many times I've lost income but everytime I've lost income for months, I've came back in a better situation. I'd cut costs and save more when out of work on the railroad. All it took was one phone call to notify you of the layoff. Back to work a week later. I bought my home in 2020 with that kind of income and rented successfully from 2015 to 2020 with that income while living on my own and paying single people taxes and bills. Play it safe and rent? Landlords are less lenient then mortgage companies and homeowners gotten a way better deal then Tennant's in 2020. It's better to loose income in a home then in a rental. Home owners get better tax returns then Tennant's so that can be added to savings. Homeowners are more likely to have a family so they are treated better than Tennant's. Tax returns be in the $1000s and a single tenant is lucky to see $1000. It's definitely unfair but that's how this country is set up and the reason why college students didn't get the first stimulus check they needed. Mostly went to families.
    2
  53487.  @MichaelBordenaro  Definitely good in the long run especially if inflation keeps up. Eventually the $1500 payment won't feel like $1500 unless we have deflation. The reason I'm not in a rush to pay off mortgage. I'm going to let inflation pay some of it. Inflation can be your friend if you live a low cost life. Your definitely right, homes for come with expenses and repair bills. Some of that stuff can also be claimed on taxes. Landlords suffered in 2020 and many are jacking up rent to catch up or are just taking advantage of the situation. Many landlords don't care for Tennant's the same way some Tennants didn't care about landlords during the COVID times. One lady was smart, She used her rent to pay student loans off. Now she owes a debt she can discharge later in bankruptcy. Landlord didn't like that. She definitely didn't care. Tennants are "paying" for new roofs, HVACs, windows with the rent increases. Some people rent went up $500 per month. That's $6000 per year extra on top of rent that was before. After 2 years, Landlord has enough to get a new 25 year roof and have some left over. Landlord got a pay raise. Tennant took a pay cut.
    2
  53488. The problem with me and many living in Colorado state, the rents are high. Just for a 2 bedroom run about 1600 to 2200. All i am doing is to get a good offer on a house and have owner pay for all cost. Also looking into getting house for a cheaper price.
    2
  53489. 👍🏼
    2
  53490. I pay $650 / month for rent. It's literally WAY cheaper for me to rent than to buy a house. I'm in Orlando, Florida Michael, thanks for debunking these white lies.
    2
  53491. My heart ❤ belongs to Anna Maria Island 🏝
    2
  53492. Some saying they going to introduce Digital Dollar 💵💲 July 2023. Rates go so high Economy CRASH.RESET.
    2
  53493. Last time that you didn't wear the sunglasses we thought somebody else had taken over the show.
    2
  53494. @13: 54-> 14:10.. beautiful roses, bearded iris, d hybrid roses🌹🌹🌹🌹. I used to own one it lasted for 3 -4 years then bid me adieu🥀🥀
    2
  53495. 👍✅🙀✅👍
    2
  53496. good to see you in Brandon video
    2
  53497. Harry Browne. How to live free in an unfree world. Great book
    2
  53498. Your dad is conducting EV car training. Plan to start walking after an hour of CHICOMURUSKIE EV car use
    2
  53499. I like that idea! All Americans can form a union and strike! 😂
    2
  53500. no need to spend money on security just hire more staff and get rid of self check out, what a concept!, these companies deserve all the theft for being greedy and hiring the least amount of employees...
    2
  53501. You’re not taking into consideration the fact thst you could have total losses very early into ownership. Imagine year 3 your house burns down. You’re wiped out
    2
  53502. Maybe go to the park or beach? 😁
    2
  53503. Love our walks together. 🙂
    2
  53504. They'll keep this going until after the election
    2
  53505. The only help for all of these people will be Gofundme. Lol. Good luck with that.
    2
  53506. Very confusing markets, thanks for your insight.
    2
  53507. Ok, I am not the sharpest tool in the drawer. I am not a Mensa member, etc. But I think the buying trigger for me, is when buyers stop getting gouged on "PRICE". I watch the PPSF in central Florida, and they are still ridiculous. The super, duper smart Realtors® are the ones that love to say "You marry the PRICE, and date the RATE, hee,hee,hee..." {Then I'm like, where is my barf bag, and go take a shower. Oh, by the way, I was a Realtor® meeself}
    2
  53508. Do they count all the illegal aliens that don’t have jobs
    2
  53509. Living in miami beach and visiting are two different things. Its a fantasy world real people don't exist its all smoke and mirrors it just takes time living here to understand
    2
  53510. Watch youtube strike his channel for having the wrong opinion
    2
  53511. Love your videos. Very helpful as I battle my buying decision. Crazy market, crazy, times, wow what a roller-coaster ride. Keep the videos coming. 👊 👍
    2
  53512. You're leaving just in time. Please make a beeline to Tulsa so you can help us move my mother in law from Mena, Ar to my house. We're starting on 07/10. I'd really appreciate the help. Atchison, Ks is where a brother in law of mine lives. Lol
    2
  53513. great video Michael. we are looking to move from New Jersey to South Carolina around the spring of 2024. I think your spot on with the housing price prediction. We may get less when we sell our paid off house but get a better deal on our new one.
    2
  53514. I think we can all agree we are in a recession! We don't need the feds to confirm this.. Maybe if they weren't manipulating the stock market then maybe they wouldn't delay the recession announcement!!!! Just saying
    2
  53515. What is Fannie Mae
    2
  53516. Mike you need an EV for these videos, its called a golf cart.
    2
  53517. Can't wait for those road trip videos in July Michael !
    2
  53518. Yes! I really liked that he did that with the map too! Great visual.
    2
  53519. Illinois taxes are getting crazy here as well as our insane governor. I have desired to move to Florida for a long time. The whole process just seems crazy and overwhelming. Don't even know where or how to start. 😵 thanks for the video :)
    2
  53520.  @MichaelBordenaro  thank you! I subscribed and now I'll be stalking all your vids later 😜
    2
  53521. Awesome info Michael! Let me buy you a drink one of these days! 305 baby! 🍻
    2
  53522. I live in vegas and my property taxes are less than a grand a year.
    2
  53523. That’s because they don’t wanna tell us they don’t want us to know the truth. It’s that simple. NWO
    2
  53524. Great video I was Was just dealing with the county commissioners hearing this week on the rise of property taxes. Your state legislature sets the rules on how the property taxes are collected where I live. Then your city council Or your county commissioners come up with a budget On how much money they wanna collect from each home owners property value.
    2
  53525. I bought my house in 2006. It was on the market for 3 years …. History repeats its self …. Get use to homes sitting 2 plus years ..
    2
  53526. 💯
    2
  53527. Hey, I like your style. I live in Sweden, not Miami. My God I want to live in Miami. I hate winters in Scandinavia. :)
    2
  53528. Selling for free and selling almost at cost are different things.
    2
  53529. ANOTHER !!SUPER VIDEO MIKE!! sooo true,,BEEN living here EAST COAST 20 yrs & VISITED westcoast & was shocked can get same HOUSE at HALF the price ,,so i did!!!A NEW HOME at SOUTHSHORE BAY A 5/3 2story with 5 ACRE LAGOON BEACH & only $75mnthly maintenace ,,where here im in 2/2 & payin $345mnth,, at WIMAUMA,,FL,new home cost me $270k now $380K WEST COAST !!! you are so right brother!!! 4.5 mnths ago south of TAMPA & now theres waiting list at 90% of NEW CONSTRUCTION,,,wish i would have discovererd this soooooner!!
    2
  53530. I find the scenario of someone having to sell their property in order to buy a different one to be insane. It shows an extreme lack of self-awareness. Such a person should proceed with selling their house and then rent because they are not qualified to be a property owner regardless of what the banks may tell them. And if a black swan situation forces the necessity to sell, then the new chaos and instability just further warrants the need to rent in order to be flexible. But for whatever reason, everybody has got to own a home in America. Homeownership is such a scam!
    2
  53531. Some people can't handle the truth.
    2
  53532. Another great video.
    2
  53533. Michael, from your mouth to Jerome Powell’s ears!
    2
  53534. Thanks!
    2
  53535. Last group of baby boomers with money buying now?
    2
  53536. Jerome wants us to feel pain
    2
  53537. I retired at 40, so I don't qualify for those over 55 communities.
    2
  53538. Mikey showing us what a post apocalyptic Miami Beach would look like😂
    2
  53539. Doing the RV life in central FL. Would like to finance a tiny home. Any tips on lenders who will finance the lot of land and the home?
    2
  53540. Called the Sunny Isles Beach "Shady Isles" back when i lived there in 2014. Two Bedroom on 16th floor, $1450, with Aventura View. West of Collins near the Regalia. Better than dark Ocean Views.
    2
  53541. ❤❤
    2
  53542. U seem like you want to leave anyway. U been there long enough, go change up your comfort zone....Well, it’s not that comfortable now so all the more reason!
    2
  53543.  @MichaelBordenaro  go get that ranch, have a lawn, privacy, garage to tinker in, more space, a new beginning
    2
  53544. 20 large A MONTH?!? rofl
    2
  53545. Whoa. Who are these people paying rent like that??!! Thank God I saved my pennies and never got Divorce Raped. I couldn't make it at today's standards. Golfed in 111 degree heat yesterday and shot a 79. Back to San Diego on the 17th. Thank god for freedom. Timmy C Arizona
    2
  53546. I used to dread our work Christmas dinners, even though they were usually at an expensive steak house.
    2
  53547. Great job Go get them
    2
  53548. First you price millennials out of homes. Then, you price them out of cars. After that, they'll be priced out of jobs, and then the Federal Government will have to print just to keep their heads on their shoulders.
    2
  53549. Security Insurance Company officials are lying. My insurance policy has increased by 100% 4:50
    2
  53550. What a nice video of your young mom. Interesting!
    2
  53551. Agree that you want to spend a 2-3 nights in each location otherwise you are stressed out with the hotels, moving your stuff, and never get to relax.
    2
  53552. Just wait for the recession to hit late 2023 to early 2025
    2
  53553. It looks like the major segment of future buyers will be made up of those of us who first must sell a property in order to buy the current properties listed. Where will the new buyers come from? I was initially concerned that unsold inventories would be gobbled up by these huge international groups like Black Rock & Vanguard. Now it appears that their (BR & Van) Real estate portfolios are in danger and their future investments will be in T-Bills or other assets with less risk. So if these big companies sell their positions we may see a huge amount of inventory being dumped into the market. The savvy Agents will be fine as long as they change their strategies and return to a Customer First attitude. If I were an agent I would create a Renters Brokerage and assist people not ready to buy or who are priced out of these expensive properties. Create relationships with Renters until the climate returns that will allow the Renters to become buyers. Great Channel!! God Bless.
    2
  53554. The gloom and doom is mitigated by the lovely streets.
    2
  53555. Oh, I hope you and Lizzie stopped into Strachan's ice cream shoppe. It's heavenly! Last time I was there, there were what seemed to be a zillion little geckos all over the trees and buildings. But hey, Florida, right? My friend has a condo on Indian Rocks Beach so we'd stop in on our way up to Tarpon Springs for Baklava cheesecake from the Greek Bakery near the docks. LOVE the West Coast Sunsets too!
    2
  53556. I appreciated seeing what those 10 things are that will need full reserves. My concern is that not all condos are created equal. Being on the ocean with the salty air corrodes a building faster than being inland. Most people won't be able to come up the assessment so the HOA is going to have to borrow the money to put into reserves and assess the residents who will have to pay high interest on the loan. There is no safe place to put money in this environment of super inflation so lets say there is a million dollars in reserves in the bank- in ten years that will be like $1000 for what it can buy. So there will never be full reserves when the value of money is decreasing in real terms. The price of everything is going up and the value of a dollar is going down. How are they going to be able to save the money in reserve from devaluation? Or from the board members stealing it? I think "pay as you go" makes more sense. Fix things as they need to be fixed with an assessment. My condo fee includes cable TV. Who needs that? It works out to $86/m per person. I watch internet TV. I hate having to pay for cable TV.
    2
  53557. Don't depend on FEMA. Biden and Harris gave most if not all of the hurricane relief money to Ukraine and the illegal immigrants.
    2
  53558. The world’s gone mad.
    2
  53559. Elevtric cars have a huge carbon footprint before they even hit the road its stupid.
    2
  53560. Glad to hear your foot is better. Can you do a video on the luxury condo (on the sand) market? Maybe in the Pompano Beach area. As the prices went from 200K to over 3.5 million for 2-3 BD units for new a pre construction condos/ townhouses. Thanks so much for your time/videos
    2
  53561. lawyers get all the class action money
    2
  53562. Michael Bordenaro How long is the rainy season in florida?
    2
  53563. Somebody call Gavin and get him onboard.
    2
  53564. Florida is freedom
    2
  53565. Stay safe out there you got this ^^
    2
  53566. $1,000.00 per month back then...distant memories of kinder days!
    2
  53567. That would be surprising but it’s definitely possible with everything taken into consideration
    2
  53568. The rental for $15k a month? Do you know what you can get in Malibu for that much?? That's ridiculous. Florida is not California. Lol. Michael, I have a thought here to ponder. Is it really a housing market crash when values go down 20% when that's actually the price that they should be at. The lock down created this housing shortage where the industry was booming. Properties were way overpriced. I'm struggling w/ the idea of a market crash down to the original price that homes should be if it were not for the lock down shortage. Do you know what I mean? It's like what's happening in the stock market right now. Some stocks were way overvalueed, for instance, Gamestop. It's now come down to where it should be. A lot of people got rich there too but Gamestop was never a company whose stock should be $350 bucks.
    2
  53569. What’s up with the Chris Igoe guy? I unsubscribed from him, name calling you, outing you.. whatever he was trying made him look pathetic. He wasn’t like this 10 months ago. Probably not selling home.. so disappointing because he knew my area in Broward well. Eh…
    2
  53570. Lisi, there you are!!! 🤗🩷 Michael, good to see you in the woods. Louisiana is getting hit by Francine. 😳 It is hitting my reservation head on. Many are without power.
    2
  53571. The Golden Girls is coming alive 😂. Btw I liked your informative video. Talk to you soon in Insta.
    2
  53572. The bill from Oregon Going to be D O A Good luck getting congress To support that from both house
    2
  53573. The large byers are getting it both ways. They don't have the money for a low interest rate, the homes they purchased are loosing value quickly and they can't manipulate because they don't have the money.
    2
  53574. Rain here is San Diego--we're @ PetCo park wondering if Padres game will be a Rain Out.
    2
  53575.  @MichaelBordenaro  thank you!
    2
  53576. First
    2
  53577. The oil from the reserve ends at the end of October. It's all public info!
    2
  53578. Love the peacock in the new (for us) neighborhood you walked through! Yeah, those electric cars, with not enough charging stations, isn’t practical yet. My husband says making them mandatory isn’t gonna work! Reverse mortgages seems dicey, especially if you outlive the value of your home.
    2
  53579. Welcome to California you’re about 40 miles from where I live in Sonoma county so now you know what the hot weather is like
    2
  53580. Scientific American Magazine: " The American Economy is Rigged"... Not making it up... Google it for yourself and read the article...
    2
  53581. GREED WILL GET YOU! LOVE TO SEE THESE HOUSE FLIPPERS TAKE A BEATING.
    2
  53582. Eureka is 50s to 60s all summer even July
    2
  53583. Florida's economy is tourism and people buying second homes....it's likely things in FL will be going down before much longer if these layoffs keep up and the economy crashes. Aren't most of the jobs paying on the low end in FL; how are people going to keep up with inflation.... Am I missing something?
    2
  53584. This drop is nothing , best thing people can do wich is what's happening , until house prices drop like it was and interest rate drops to 4 or 3 % nobody should buy , so let all the investors buy all they want. , Who they gonna sell to 😃😃
    2
  53585. Thanks!
    2
  53586. Another Great Video Michael. You're definitely, not just another pretty face.
    2
  53587. Great video man I feel the same!!!!
    2
  53588. The Federal Government is spending a trillion dollars every 100 days
    2
  53589. Judging by history, the bottom in real estate follows the peak in interest rates by about two years. So, if that was the peak, and there is time to determine that for sure, about two years from now would be a good time to buy.
    2
  53590. At least foreign nations will always get their money, right guys?
    2
  53591. -22 in denver today
    2
  53592. What the Fed is doing is only hurting the average hardworking American as it always does. The poor will still be poor and the rich will still be rich but maybe just not as rich
    2
  53593. Love the outdoors love fishing and love playing Guitar
    2
  53594. Fresno, CA still hot. 10k off from a 500k median house...this is the new norm.
    2
  53595.  @MichaelBordenaro  yeah been here for 3 years now biggest jump. Haven't decided if we will renew or not. This market is so out of wack.
    2
  53596. 11:09 that would be too inflationary and it could happen but bread will be $1,000 per loaf. Then the possible "R" word happens. They will also start to let the home go when it comes to the credit card and food and gas to get to work. Priority will be the credit card, food and gasoline. All the bailout programs is depleting growth, which creates inflation. The only way to deal with inflation is a recession or we grow our way out of it and with all these zombie companies how the heck are we going to grow? We aren't instead we are going to have a recession. We need to have a hard enough recession so that we can be low enough to grow. Everything is just so unaffordable and big that we can't grow. We are stagnant and the housing market is proving it with the lack of inventory.
    2
  53597. I LOVE HOA rules. I own two homes- one is in a public housing division with no HOA- the other is in a private community with HOA bylaws. My neighbor in the public subdivision thought it would be cool to paint his house bright blue. Yeah, that was bullshit. That would NOT be allowed in my HOA community. THANK GOD!@ Another reason why HOA rules are AWESOME. You know how in every neighborhood there is that one house that looks like shit? Lawn hasn't been mowed in months, looking third world while all the other homes are kept up nicely. That shit doesn't happen in my private HOA community. So say all the negatives on HOA rules BUT the only people who Don't like HOAs are hillrods and the type of people who love to paint their homes Blue and not take care of their property. They have a FU attitude that rules don't apply to them. Well, I've lived both ways- and it's a no brainer that HOA communities - at least the one I live in...Heaven on Earth. And F..J...B.
    2
  53598. Wall street journal has article in the last couple days discussing possible rates with economists and FED insiders. The slowing of the rate increases (last one 25 basis points) has been a mistake they expect the fed to raise the rates over the next through 2024 another 2 points, to a historical norms.
    2
  53599. Cool Michael, I didn't know you played guitar. I told my family if we ever have to evacuate, grab the gear first.
    2
  53600. 👍🏻
    2
  53601. People thinking the values of their homes went up, but what is really happening is the destruction of the U.S. Dollar’s Purchasing Power.
    2
  53602. Ridiculous pricing still happening in San Diego
    2
  53603. Experts my ass. They are lying to us just as they are saying the economy is booming. Duh
    2
  53604. Agreed Michael, not a fan of Zillow, unfortunately, a lot of RE colleagues, especially in Florida, give good agents a bad name.
    2
  53605. Michael........Is Florida humid, year round, or only in the summertime???
    2
  53606. Avеrage person is screwed in this economy like 10 times over😊🤣🤑
    2
  53607. The 40 year disinflation cycle is over! We are now in a LT inflationary cycle and higher interest rates. Forget the FED.
    2
  53608. We love you too!
    2
  53609. Price isn't bad but high maintenance and no parking is a deal breaker.
    2
  53610. Great information. Thanks
    2
  53611. Loved how he just crow barred the advertisement in there.
    2
  53612. Nice Amp!
    2
  53613. You didn't mention the name of the hotel. Is it The Romney Palace?
    2
  53614. there's cheap and then there's this....
    2
  53615. Thanks👍🏾 Very useful information
    2
  53616. As affluent as the part of Bergen County, NJ I lived in was, I hate the cold and would start getting depressed on Labor Day. I've lived all over the place including SoFla, and have settled in Oak Island, NC. Only 2 months when it's brutally hot and humid, July and August, and it's ideal the rest of the months. Even days in Dec. when I can wear shorts outside. What a POSITIVE effect on the mental health of NON-WINTER lovers!
    2
  53617. The study is lopsided. It doesn’t account for the fact that people going to the office everyday are covering and working for people who are working from home. I am spending more time at the office to make reports on something I can explain in 5 minute if everyone was at the office. And when I am looking for my coworkers, and they are never there. I am working off hours to accommodate the remote workers. The study does not account for the fact that people at the office are working longer and getting a lot more done. We don’t seem to get the credit for it.
    2
  53618. We never ever would use our HELOC for a purchase of a down payment second home, land or vehicle. However, people that have a HELOC and have good financial sense have access to funds that can be used for a "Side Hussle" (as they call it today). You see an item that costs X amount, and you know you can make 2-4 times your purchase A HELOC is just fine to use as additional funds that you wouldn't have to draw from savings. We are Blessed to have a HELOC, but only spend it wisely. It's all about flipping whatever quickly to take advantage of your credit.
    2
  53619. Oh yay!! You are in my neighborhood!!
    2
  53620. Congrats on year 3 for you and your channel Michael, I hope you have many many more. Well tomorrow morning will be a big indicator on the economy as the CPI data will be released. I agree that we are heading for some rough times, I don't agree either with these job numbers. We have many many companies announcing layoff's, and the government is telling us we are adding jobs. I don't believe these are new jobs, just the ones that were lost when everything was shut down. Time will tell, but you are spot on that the FED will keep on raising rates, they have mandate a 2% inflation rate and we are a long way from that. And that is the only tool they have,
    2
  53621. Does this decline have anything to do with the fact that its fall and not so many homes are sold?
    2
  53622. My electric bill doubled! Aug of 2021 was $225 and went to Aug 2022 was $460.
    2
  53623. Happy 5th UTube Anniversary 👏
    2
  53624. Fed is lying. Why pausing now and raise rates later?
    2
  53625. most of america's economy is parasitic; steal from whomever you can get away with it. just ask the banksters how it's done.
    2
  53626. whats your advice for good deal mid size car to lease
    2
  53627.  @MichaelBordenaro  thank you
    2
  53628. We know.
    2
  53629. For the algorithm.
    2
  53630. exceptional content!
    2
  53631. better yet, go barrow money and buy crypto!!!!!
    2
  53632. 3.2 Million...?😂😂😂😂😂😂😂
    2
  53633. One more shoe that I'm waiting to drop that NOBODY is talking about....the student loan PAYMENT moratorium. No, not SL forgiveness that you hear about. I'm talking about the fact that EVERY SINGLE PERSON WITH STUDENT LOANS, THAT'S 45 MILLION PEOPLE, haven't had to make any PAYMENTS for over 2 years!! Since the start of the pandemic!! It is ridiculous. All other moratoriums like eviction moratorium, etc., from the pandemic have long since ended, but not this one! So if you're a college educated person making like $100K per year, and in the past maybe you had to make a SL payment of $800-1000 each month, now instead for the last 2 yrs those people have used that money to buy 2nd homes, AirBnb's to rent out, etc., because they can practically pay a 2nd mortgage with what they're saving in SL payments each month, especially if they bought early in the pandemic. Think about how much housing price inflation that additional demand has caused! It was supposed to expire a year ago, but Biden keeps extending it, now it's until Aug 31. But that's close to the election, so you know he'll extend it even longer, rather than have people get hit by those payments re-starting around election time. And the media never mentions this, probably because many of them have SL's and are making a killing off of this! Google "student loan payment moratorium" to read about it...it is sickening.
    2
  53634. 22:00 are they SERIOUSLY FINALLY MAKing A PURPLE PARTY?! I’ve been saying we need this for over a decade! I’m Republican for some views and definitely Democrat for others!
    2
  53635. Thanks man. I enjoy listening to your info. Your real and no BS.
    2
  53636. This man is forever anticipating the collapse of the real estate market
    2
  53637. 👍🏼
    2
  53638. Man, I like your videos because of your honesty. It really comes though the videos that you are a humble, honest person. I feel the same way you do about Miami.
    2
  53639. San Francisco when you mentioned it I realized it’s been 2 years since I left there
    2
  53640.  @MichaelBordenaro  I am assuming they cannot afford the mortgage payment since he had to start working for Door Dash to make ends meet. Also not sure why but him and his wife are rushing on closing on a new build late this month. The new build they said they are going through offers to buy down the interest rate and are being given "good incentives" on closing cost. Plus they will get warranty on the whole house. Michael this doesn't make any sense to me and why a mortgage officer would make such moves vs selling and renting and waiting for house prices to go down. I really hope they don't end up with a house they can't sell and payments due on a new build simultaneously 😵‍💫
    2
  53641. I sold my humble abode HIGH and I bought my new - tiny abode - very low. Lucky for me, with the purchase from her, it wasn't about money, and it had everything on my list i.e., hurricane windows front and back, quartz countertops, opened up kitchen, shelving in the pantry, rebuilt bath, outside patio and more. It's even on the cannel/water! When the market declines, I'm pretty sure my unit will INCREASE in value and the same layout units- which btw can't even hold a candle to my place will decrease. Thank you Jesus!
    2
  53642. get better soon Elizabeth!!! 🏥
    2
  53643. Lovin' the weather!
    2
  53644. It looked like the car with the cover hit the gate?
    2
  53645. Is this about you, or is it about the building collapse?
    2
  53646. Buying a house now is crazy……I sure wouldn’t
    2
  53647. Inflation is going to skyrocket. The world's food production has been SERIOUSLY blighted by many factors and is continuously under siege by the "green" initiative. Food affordability will be the number one issue for many people.
    2
  53648. When is the shoe going to drop to give us all a break from inflation, mortgage rates, and housing costs?
    2
  53649. Great video!!! Where exactly are you guys walking? Is this the Miami Beach Boardwalk??
    2
  53650. I saw in some places that this is spooking the fed and they are not going to raise rates anymore. I wonder what this means for the housing market.
    2
  53651. Thank you Michael 👍
    2
  53652. The housing market nationally didn't bottomed yet, before the housing market getting any lower banks have to use all their tricks to gain much clients trough toxic loan or derivative products, then they will let it drop further down
    2
  53653. 👍🏻thanks for this
    2
  53654. Informative video as usual. My question I’m looking in Venice Fl (Wellen Park) at HOA communities but I’ll be there as a snowbird so I felt with Maintance and security I would be better off because I won’t be there all year round . Do you agree in my situation or not ? Thanks
    2
  53655. I knew this was to happen! It happened when we went off the gold standard in 70's. If you need to work withinb50 mile radius it's because your employer gets a tax break. This is a land grab of the wealthy. Give them the finger and find a local job where your house is. Let the MoFO's get fired by the board of directors 😅.
    2
  53656. Thanks!
    2
  53657. I don't understand where everyone got this idea there could potentially be 4 rate cuts? If we're lucky, we'll see one is my call and probably not until Thanksgiving.
    2
  53658. I haven't owned (or watched) a tv in almost 40 years. TV is a hypnotic conditioning tool that functions at many different levels to manipulate the mind. Time and distance can reverse the hypnosis. So, when I see these characters like "Powel" speaking to the masses, it's clear that he's out of central casting, and we are being gas-lighted. "Reducing inflation" by raising interest rates is a logical fallacy. (TV brainwashing bypasses the logical thinking mind, straight into the subconscious...implanting ideas which otherwise would not pass scrutiny.) On the one hand, "The government" has created over $11trillion, which effectively devalues ALL previously existing currency. Inflation is the "inflating of...or adding to" the monetary supply. The devaluation of the currency is an EFFECT of the inflation. Powel's job is to create multi-levels of confusion by controlling the narrative and the definition of the word inflation. We are in an economic war.....and the enemy is posing as a benevolent servant. Read Confessions of an economic hitman by Perkins to see the details of how this operation is being run.
    2
  53659.  @MichaelBordenaro  I wholeheartedly agree.
    2
  53660. You would be better off investing that insurance premium $ in R.E. or a passive income stream.
    2
  53661. Would there be alligators in that water if you walked to the island?
    2
  53662. Good luck trying to find ‘one good story’ for each episode Michael 😂 Simply keep it real you’re doing just fine! Thanks.
    2
  53663. It is what it is. Some get to win and some get to lose, especially if the seller is not being realistic and won't budge.
    2
  53664. The beach talk was awesome. 😁 I’m going to get another job to pay off debt. My hunch is this is going to get really bad. If it doesn’t get bad, I’ll still have the debt paid off. 🤷‍♀️
    2
  53665. I bid too low on a HUD foreclosure auction. I bid low bc it was well water, and dead of winter and could not test the water or plumbing..."as is"...too rush rush 4 me. But it had lots of potential. I hate gambling. HUD makes you sign onto agreeing you bought it to live in...for a minimum of 1 year I was told. Fine if you want to.
    2
  53666. If I were to have to pay for water, at a Apartment Complex RIGHT IN FRONT OF THE OCEAN, We Have A Problem.
    2
  53667.  @MichaelBordenaro  obviously lol i was joking 😂
    2
  53668. 🤣😂🤣
    2
  53669. Can I make offers on multiple house at the same time?
    2
  53670. It sounds quite reasonable because I can see some buildings that are is 3rd world country status
    2
  53671. Happy birthday Bordenaro Wife🎉 Thanks for your channel Michael. I appreciate the 20 minutes of "finger on the financial pulse of America." Perfect for my drive home from work in the afternoons.
    2
  53672. Don’t sell out. Keep it like it is.
    2
  53673. Hard assets are down.
    2
  53674. REDFIN gives only 5 years of data😂 obviously cause they're hiding what they Do Not want you to see.
    2
  53675. Ok my question is will it ever get better? I’m in field tech and I see on a daily basis renewed homes after Ian, not cheap once. Will it ever get to the point when the government will have to step in as it will get so bad?
    2
  53676. It's getting ridiculous with the lawsuits.
    2
  53677. Important topics. Great video!
    2
  53678. Unfurnished apartments in high-rise places like Miami/Beach are technically frowned upon by tenants. Moving costs to get new furniture up all those floors and back down again are extremely gouging. Some tenants do maybe want a unit unfurnished, but most are going to request furnished places due to the cost and logistics of high-rise buildings. Even myself if I was to move to Miami tomorrow, I would leave my stuff behind or in storage.
    2
  53679. I live in Burbank CA and knoe Florida pretty well (my stumping ground are the Keys) and am a RE Broker since ghe 70s . Your analysis is spot on ! I enjoy your presentation very much - thank you
    2
  53680. I read there's 3 realtors for every home for sale in FL.
    2
  53681. I am curious Michael, if you are now considering moving out of your condo and getting a single family?
    2
  53682. Thanks!
    2
  53683. good luck in SF
    2
  53684. What’s up with all the garage conversations on that street?
    2
  53685. it's election year, liars are working overtime to hide the truth about economy
    2
  53686. True happiness comes from within! Be like water my friend!
    2
  53687. Im not seeing the video link for your connection to George the real estate guy you recommended. Could you please post that link? Thank you for your response. Love and appreciate you and your channel...
    2
  53688. Rent cost?
    2
  53689. I hate HOAS.. The board nothing but stole..I had a 43000.00 Assessment on my unit.. I got out a loss .. The board was biggest bunch of jerks.. Buy a very small complex of 10 units or less ..
    2
  53690. I think it’s very sad what they r doing making people sell when they r not ready and maybe even planning on not moving maybe even retiring there for especially the older people
    2
  53691. Great content as always, Michael. Thank you for your research and sharing with us.
    2
  53692. We are on our way to Florida. 2nd time visiting St. John's county. Because of you we may end up moving to that area. Solely due to your advise back in April we spent 7 days in St. Augustine. We had A TON of fun in the quaint old town, but it is too small, too crowded and the houses too old for us. However, we love the vibe of the area so this time we're staying in Ponte Vedra Beach and exploring it and Nocatee in Ponte Vedra. Nocatee is a large planned community that is age versatile, smaller, newer and a bit more upscale than The Villages (this is my opinion based 100% on a web research I did of both communities, so take it with a grain of salt 🤣) Say hi to your Brazilian beauty.
    2
  53693.  @MichaelBordenaro  we love Nocatee. Purchasing a lot and building a house there next year. Exciting times!
    2
  53694. I pay $1,550 on the mortgage for my townhome which is much lower than the average rent.
    2
  53695. Good stuff Mike!! 💯👊
    2
  53696. 😁😁😁😁😁
    2
  53697. I looked everywhere in Florida prior to buying in Cape Coral. The primary reason was because it is still relatively small yet booming and the real estate prices are right... and its location to Sanibel Island, Marco Island Boca Grande couldn't be better amazing location amazing City and boaters paradise.
    2
  53698. People don't realize how much money was made in the stock market last 10 years ... all Capital Gains almost zero EARNED... Now with stocks and crypto crashing, all that MONOPOLY MONEY .. POOF !!! up in smoke...
    2
  53699. Great Info, we have family on both coasts and trying to decide what coast to go to , leaning towards west coast but am afraid of the heat. Do you get better breezes off the Atlantic?
    2
  53700. Buy the smallest house in good times and buy the largest house you can afford in bad times, but don't forget location.
    2
  53701. My two favorite you tubers
    2
  53702. I hope a crash is coming. I need to buy.
    2
  53703. Leverage is never the answer. Liabilities will at some point in time bite you! Be smart people. This is not the time for making Leverage mistakes.
    2
  53704. A gambling casino in this housing market today! Sick!
    2
  53705. I10 from El Paso to San Antonio is one horrible drive.
    2
  53706. You have really good gray hair Michael, very lucky!
    2
  53707. The government wont let these big banks and corporations fail because they are padding all the pockets of the parties and legislators !!!!!!!!
    2
  53708.  @MichaelBordenaro  Also PPP loans, EIDL grants and the child tax credits. If you have a family and a business, that's a lot of dough following in.
    2
  53709. I can fix Home Depot, pay labor based on customer service feedback, 💥
    2
  53710. Excellent show..
    2
  53711. Nope not nearly low enough rates for me .....
    2
  53712. LOL You'd better hurry up and move over here to SWFL soon, because we''re trying really hard to be just like Miami. The irony is always with people looking for a quieter lifestyle flocking to nice places in droves.
    2
  53713. Thanks Michael and Happy New Year 😀
    2
  53714. What neighborhood is this house in?
    2
  53715.  @MichaelBordenaro  I went over 60k asking price ($1.05MM), and lost to someone who bought it at $1.32MM. The property and comparables do not make any sense for that property to sell at that price. LOL
    2
  53716. About student loan, well they are being taken left and right anyway. Books at $300 because some one changed a paragraph and wants to call it a NEW BOOK! BS. I'm 66 and am not a student but this is highway robbery
    2
  53717. That sounds like straight up communism. Equalizing at the expense of those who do better.
    2
  53718. Now they should drop it 2 million. Still overpriced.
    2
  53719. 78 °F High Rosarito, Mexico
    2
  53720. I’m surprised but this looks like a great place to live . I like the idea of a town close by that has this kind of vibe.
    2
  53721. LMAO over the hat !
    2
  53722. Is it a good time to buy a short term property in Miami Beach? Where do you recommend?
    2
  53723. I agree with u, however as a Native floridian this does not apply to us. We have ppl moving here constantly paying cash for homes. Specifically Oakland Park ( east fort.lauderdale I personally saw 5 offers on a home last weekend for open house.. Large banks and Hedge funds migrating down. Goldman Sachs, Citadel Hedgefund. South florida I believe is a different animal which may not apply to the upcoming large shift.
    2
  53724. ✌
    2
  53725. 37% of Americans have maxed out their credit cards. Now add in how many have no credit. All this is in a debt based economy. Good luck.
    2
  53726. My fiance and I make great money and we're looking at these prices in miami to move out of our parents and it's honestly ridiculous and really sad. The average person in miami cannot afford to live here long term even looking at mortgages two average incomes cannot support it. What happens when people who work in support roles in different industries down here can't afford to set their roots here? We're going to have even more labor shortages.
    2
  53727. just saw this (Mikey). NICEEEEEE👍👍👍👍
    2
  53728. This will make it much easier for corporations to buy residential homes its probably why the lawsuit happened.
    2
  53729. Job numbers / unemployment numbers are completely BS !! The fed knows it and so do we. Just like the BS inflation figures, complete fabrication of lies, deception and BS !! FJB !!
    2
  53730.  @MichaelBordenaro  You’re a natural! 👍
    2
  53731. Michael , thank you for your work
    2
  53732. Now you can just "Fudge " it a little and qualify for that house.
    2
  53733.  @MichaelBordenaro  thanks for the sweet message
    2
  53734. When you start free money costs for rents will double.
    2
  53735. Outstanding video.
    2
  53736. I’ll gladly pay rent if I’m dumb enough to retire to Florida.
    2
  53737. Excellent video
    2
  53738. Hi Mike I am vacationing in Vienna and guess what their apartment price is very reasonable in Vienna and you DON'T see anybody sleeps on the street in a pmastic ⛺️ Such a beautiful city in Europe!! I can't believe we have politicians who turn many originally very beautiful cities into dump and ruins ...Sad !!
    2
  53739. Not spending anything these days! Hunkering down.
    2
  53740. Sacramento hits 104 106 sometimes lmaooo
    2
  53741. I’m surprised about ANY price/value decrease in Huntsville. I’m a recruiter that recruits engineers and Huntsville is one of our hottest markets and was voted the Best place to live in 2022
    2
  53742. When you get to CA, take a walk in Piedmont located in the east bay area, super beautiful homes amidst trees and gardens. Would love to see you do a Walk n Talk there!
    2
  53743. Keep up your diligent work, appreciated by tens of thousands of viewers 👍😊
    2
  53744. Buy Gold Not Houses!
    2
  53745. Great info. Thank you!
    2
  53746. My bank just extended my limits and lowered my interest
    2
  53747. The rich parts of town in Palm Coast are the gated waterfront communities...
    2
  53748. Suzie Orman is a "quack" investment "adviser". Follow her at your own peril. Ramsey, who is good at debt reduction and building wealth, should keep his nose out of stock market advice. He will be wiping "egg" off of his face soon. I've been in the trading markets since 1977. I know of what I speak.
    2
  53749. The Privately owned Central Bank known as the Federal Reserve is a Ponzi scheme. They control every aspect of the economy! The up's the down's.
    2
  53750. Bitcoin is a very over leveraged asset. No thank you. Hope it works out for you but I'm not buying.
    2
  53751.  @MichaelBordenaro  yes its crazy yet the model home is the exact model we are building with more options and they are selling it for 479k we are into our house for 402k. They said the next phase will be higher priced. I think we only got the deal we got because we were the first to sign in a 21 house development. Still I see almost no inventory on the market here under 500k and the people that I know buying are getting great deals. The new home builders here are all starting to offer big discounts. Pulte has a deal now similar to what we got with Ryan.
    2
  53752. Continue renting while renting continues to cost more ?😂
    2
  53753.  @MichaelBordenaro  Mortgages are usually fixed. Rents aren’t. Yes taxes go up in regards to home value. At least that’s how it’s supposed to work. You didn’t mention the insurance problem in Florida but I figured you might touch on it next time. I have a friend wants to move back to Florida but that mess is holding him back.
    2
  53754. Builders need to devise means of constructing quality homes at lower prices. They may need government help in the form of tax breaks, but some innovation would be helpful.
    2
  53755. Counties laughed all the way to the bank when they charged you double in property taxes. Your fake equity is their windfall. A $300,000 home went up to $600,000 would increase your property tax 100%. That's not fake. 🤣🤣🤣
    2
  53756. @16:43 Black Ferrari & Lamborghini 😍
    2
  53757. Yup Had a wonderful wonderful Thanksgiving AND enjoyed your video
    2
  53758. What about Weston Florida?
    2
  53759. This video is exactly why the fed will keep raising rates. The fed has a number in their head on how many people that are needed to be ejected from their jobs. I think once inflation equals unemployment they stop.
    2
  53760. Nope, Nope, Less Government involvement is always better for the fair market. # Private property rights...
    2
  53761. "Im here for you" ---- FED NOW
    2
  53762. Miami is also the only major American city founded by a woman (Julia Tuttle).
    2
  53763. ❤ Cali.
    2
  53764. What in the hell are you doing telling people the truth? That can get you into trouble.....
    2
  53765. Figures that condo building was owned buy a foreign company from a rich country. We are being sucked dry from the enemies both foreign and domestic.
    2
  53766. Why doesn’t Biden forgive cc debt instead of student loans - just as stupid of an idea lol
    2
  53767. At the 7 minute mark you show a nice condo on Ft Pierce Beach. I pulled up Realtor.com and found it. The condo fees are $742, with $409 in taxes. That condo was last sold in 2013, for $105k, which means the assessed value was reset at that time and has been subject to Florida’s 3%/year max increase. So when that unit sells again somewhere around the $293k asking price the assessed value will jump, and so too will the taxes, probably to around $600+ per month. You should do a video about this factor, or generally about all associated carrying costs when shopping for condos. After all, it’s total cost of ownership and not merely purchase price that counts. But great overview of condos along the east coast. Keep em coming.
    2
  53768. 👋 Mike N Lisi. ❤
    2
  53769. Yea you are now in the neighborhood where my dad lives. Coral Seas that is where my parents moved 10 yrs ago when they sold our house on Biscayne Point..It is on the Bay at the end of the road. It is an older I think 12 story building and it is blue and white... Three doors down you mentioned where they are building a new High Rise. I Just happened to be visiting my dad when they were demolishing the old building. Something you may not have been aware of the show "Dexter" was filmed at the two story building right before the lot that is under construction. That is where Dexter lived on the show. When you watch Dexter the bay view you see in that opening credits is right behind that two story building!! :) And you are right those condos are now twice the price that you mentioned just in a couple of yrs!!
    2
  53770. Good video, felt like I was right there.
    2
  53771. Another excellent video Michael.. you make a lot of great points. Looks like everything is tanking, including job loss, interest rate hikes, debt, inflation at 4-5% YoY, home insurance and taxes increasing. Seems every crash is worse than the previous. On the flip side will be bargains if you're patient!
    2
  53772. I hope it crashes. Rent needs to come way down to.
    2
  53773. Say hello to Jack Nicholson please ...
    2
  53774. Michael, IMO, the markets will bounce off the bottom by late March 2025. The return to somewhat normal will take an additional five years.
    2
  53775. I enjoy these videos but I do miss the videos of you outside, and of the beach and Florida videos in general. Is their a reason you dont make those type of videos anymore?
    2
  53776. I love you! Thank you for being brutally honest.
    2
  53777. I ❤️ just moved back to Miami with my mom. I sold in Vero Beach 5 weeks ago.
    2
  53778. My landlord in Miami is raising my rent by 50%. I have heard from friends that 30-50% increase in Miami is average.
    2
  53779.  @MichaelBordenaro  I also find that the last few plots in a community also tend to be the smallest or least-desirable for some reason….AND they’re overpriced! Just my experience.
    2
  53780. Here comes pennies on the dollar parade of homes.......
    2
  53781. Higher interest rates do not encourage people to list their homes. Inventory will not increase that much other than the bubble locations such as CA, ID, TX, AZ, and FL.
    2
  53782. I can give you an example of student loan debt and what the banks were pushing to borrow to the HILT to kids . I know someone (family) that took all they would give. NEW CAR, Best Apartment, whole food store prices , etc etc. Spending for 4,5,6 years without a job... $480,000.00 student loan Debt . 😢😢😢
    2
  53783. I sure enjoy your videos! Even my husband asks me, "So what does Michael have to say today?" I believe he likes your videos when he does watch.
    2
  53784. BIG FAT LIERS 😮❗️Everyone Just seems to want to take money out of your pocket and into theirs. Thank you Sir for another great video today. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  53785. In my opinion no computer can replace human
    2
  53786.  @MichaelBordenaro  Thank You!
    2
  53787. 561 in the house!!!
    2
  53788.  @MichaelBordenaro  thanks mike! 🤙
    2
  53789. I appreciate you doing this 🤙
    2
  53790. Michael if I had the crash, I would throw a low ball offer back to your lender
    2
  53791. Banks tightening lending policy is a good thing. They need to lend money to stay in business, but they also need that money repaid. Those homes in the meaty part of the curve aren't really decreasing that much. Everyone has a crystal ball but I don't think there will be a crash. Prices may stagnate (flatline) but there won't be a situation where house prices in that median range will drop 50% as people are hoping.
    2
  53792. Thanks!
    2
  53793. Lumbergh
    2
  53794. Run while you can !!!
    2
  53795. i am moving to miamy Beach this sommer maybe:) A frayed to be alone without my friends tho
    2
  53796. There is also the fire factor as well. We fear because we don't understand . I fear high rises and flying because human error and mother nature has no mercy. But very good honest message.
    2
  53797.  @MichaelBordenaro  And you're good with the camera/video too.....some really nice shots in there.
    2
  53798. How is the buses out there? Cause I don't drive
    2
  53799. Hey, the good thing is you don’t have to mow the lawn!
    2
  53800. But u dont even have kids...so ur part of the problem...
    2
  53801. Realistic! Thank you for saying that, I learned the hard way. Never again, and that was 7 years ago.
    2
  53802. They want to control the housing...
    2
  53803. We went to Maderia early March. Headed to Palm coast the end of this month have a great trip.
    2
  53804. Michael, I’ve heard (I’m from Illinois) that homeowners insurance and auto insurance in Florida is getting to be really expensive- if you can find an insurance company that is not out of business. Can you please talk about this issue?
    2
  53805. Sometimes I think someone is going to pop out on Michael and say I bought this overpriced house I'm stuck. Michael throw them in the water and say I didn't tell you to buy that house.
    2
  53806. Where’s Lizzie !!??? 😢
    2
  53807. The people with FOMO pulled the trigger -- but missed the target. 😮
    2
  53808. Merry Christmas to you and yours, Michael! My household is so grateful and appreciative for you and your content here. Thank you, thank you! And Happy New Year!
    2
  53809. They're manipulating the market to get people to be okay with that price.
    2
  53810. Sounds like whoever wrote this affordable housing bill was watching your channel and reading the comments! Even if you're against government intervention on principle, remember: affordable housing is the basis for a stable, prosperous society. People who are always moving and are always under financial strain are stressed, unhappy people who don't have an emotional investment in our society. Incentives, rather than price controls, allows the market to work within limits. We have all kinds of limits on capitalism: OSHA health and safety regulations, speed limits on roads, hygiene standards for restaurants, child labor laws, pollution regulations, etc. Libertarians will tell you that we don't need any of those, but none of us would really want to live in a society where anyone could do anything they wanted without limits. I haven't read this bill in Florida, but from your summary, it seems the main thrust of it is to make housing more affordable for families and individuals, not to fatten up investors, and that's going to be a good thing for the people of Florida. If you have a nice house that you can afford, you'll stay there, your neighbors will stay there, and you'll build a stable community. I grew up in a neighborhood like that in Kansas, and I still keep in touch with people I knew as a kid because we were all part of a real community. That's what this country needs. By the way, are you the real Michael? Because I wasn't aware that he owns any long sleeve shirts. Just seems wrong.
    2
  53811. Ok Michael lets pretend that you are in charge of fixing this problem. What is the remedy?
    2
  53812. Great content, Michael! Check your email - just sent you a message.
    2
  53813. Remember if you have a contract with all contingencies meet and ready for close, buyers back out they will loose their deposit going to the seller.
    2
  53814. Back tracking to hit like as I wasn’t signed in while watching before then had issues with Verizon. You’re not kidding about how windy Florida is even without hurricanes. I thought Chicago was the Windy City. Which reminded me of all the women trying to manage their hair in Miami.
    2
  53815. Not sure how you money back in this economy.. shame on insurance companies.
    2
  53816. These buy downs sound like a total gimmick.
    2
  53817. Housing crash incoming!
    2
  53818. Was that YOU in the suit and brown wig waving all those bills?? LOL Seriously, I'm loving your videos. We are still preferring the Broward County area for our retirement in 5 years or so. You are so right about the migration pattern between East and West Coasts of FL. We always feel like we're at home in Fort Lauderdale because we're from Philly. Our grandparents lived in North Miami Beach (before it became Aventura) and an uncle now lives in Boca Raton. Besides, we've been told that Broward-Palm Beach-Dade Counties are the best for LGBTQ+ couples and those of us of the "Jewish Tribe". Again, it's because of the migration pattern that you mentioned. Either way, you do have the best UNBIASED videos about living in FL!!!
    2
  53819. “Wow check this out guys. It’s like walking through a mini little jungle here.” My wife and I got a kick out of that. 😊
    2
  53820. They might as well ask $100k a month!
    2
  53821. Thanks for the video. I would love to know how much you think the land is worth.
    2
  53822. Thank you for your videos. They helped me convince me that Florida would be a great place for us to move to, over Texas, Tennessee and South Carolina. Then the videos helped me convince my wife that we needed to move to Florida. We ended up getting a house in your favorite choice, St Augustine (NW St Johns County) and get to move in next summer.
    2
  53823. They're trying to make the bubble so big that the pop will be greater than all nukes combined. This is going to be a very big bang. We'll all be vaporized instantly. Lol. Oh happy days.
    2
  53824. I just found out today that my hoa is saying they may allow adu's. Not liking it much. Our homes are in a quiet, peaceful, family community with nice backyards. Oh well. Just sad.
    2
  53825. I will only ever own a Internal combustion engine vehicle. Ever
    2
  53826. My jewelry order to be delivered by USPS show tracking as delivered but it never showed up. someone else has my jewelry
    2
  53827. Soudned like I herd a lambo!
    2
  53828.  @MichaelBordenaro  Yeah, I've been dying to move to Florida, still stuck over here with a freeze warning now in affect for tomorrow morning and my honda fit, man, the tires squeak even with the slightest rain. You see why. I want a simple life, I think somewhere in Davenport will suit me just fine! :D
    2
  53829. Happy #3 Michael.
    2
  53830. In Thailand foreigners can’t buy property. They may be changing this now to open up tourist areas to foreigners.
    2
  53831. Would live to see interviews with villagers people seem so nice and happy!
    2
  53832. SOMEONE GOT LUCKY AND MADE 11.35 MIL ON 6300 N. BAY
    2
  53833. Being a landlord is my favorite hobby
    2
  53834. Thanks, Michael! Watching you from Dubai, UAE, surprisingly we are mostly in pretty similar situation: mania, real estate rising while people are not getting proper wage growth
    2
  53835. And I just keep looking over your shoulder for an Alligator . That’s my biggest fear about moving to Florida.
    2
  53836. 🌲🌴 Merry Christmas Michael! I looked at the weather in Miami it was 🥶 but tank top still looks good 😂 I heard frustration in your voice over California! It’s a shame while other countries are advancing themselves we in America like to lower the standards in every which way! It’s scary to see every aspect of our society being taken down right in front of our eyes! California style of living coming to neighborhood near us as well if it’s not already there!😢
    2
  53837. Market goes up. Market goes down. Just be patience.
    2
  53838. 1) In the last 10 years 9 trillion was spent on quantitative easing. 2) Over $3 trillion spent/given with the covid response A lot of that PPP money That people bought houses,boats high end cars and RVs. This is not going to end well. That's a lot of business that was pulled forward.
    2
  53839. Waterproof microphone? Just saran-wrap it.
    2
  53840. The other side of going back to work after you retire is that after being retired for a while, you discover just how excruciatingly boring it is being retired. After the trips, fishing, golf, hobbies,,,, etc., You find yourself trying everyday to fill the day, besides wondering how you're going to entertain yourself. The rest of the world has someplace to be and something constructive to do, except you. if you're retired. There's no going back to being a kid where everyday is a playday. You're just waiting for the grim reaper.
    2
  53841. Michael is your condo two bdm 2 bath for 1600+ HOA fees
    2
  53842. Ty
    2
  53843. Would this be a good city for a 30-year-old? In terms of jobs, dating, etc.
    2
  53844. Survive do we!
    2
  53845. I'll do better on predictions if i just flip a coin. My brain can't handle the insanity.
    2
  53846. Love your honesty, I appreciate it very much!
    2
  53847. Your perspective on the RE market is always balanced and fair. I always watch your videos. I love the parking garage video probably one of my favorite backdrops you’ve done.
    2
  53848. Surprised !? I wonder why the title company didn't catch unpaid lien when they did title search ? ? The title seach in Florida is different from California ?
    2
  53849. I would like to see the nightlife. Can you walk thru some bars at night?
    2
  53850. Right before the bust in 2009, Fla home prices was outrageous. There were bidding wars on Townhouses, Single families and condos. Prices would increase by 50K in one day....this market was much safer and the no money down frenzy right before the crash. Many buyers have not recovered or gained enough equity to top what was purchased between 2005 -2008.
    2
  53851. Well the HELOC doesn't always apply the way you think. People could of took out 100k heloc at 5% because they the know the rates are going up to 10%. Maybe they want to use it as a down payment on a investment property once they market falls to the point where that heloc down payment makes sense. Maybe whatever they want to buy in the future like a car or boat will forsure have higher interest rate than their heloc. My problem with data is that YouTubers or the media just assumes everyone is dumb with their money and uses it wrongly no matter what.
    2
  53852. Have you ever been to Vegas in the middle of summer ie July or August? Everyone says it's better because it's a dry heat but the summers out here are brutal it's like stepping into an oven outside. It's so dry and hot that it burns your throat when you breathe. What would you prefer dry heat or humidity heat tbh I have never experienced humidity in my life I have no comparison. But I have been think of moving to Florida from Vegas I don't want to move from one hell to another. Vegas is very simple to live in but we hate the summers.
    2
  53853. We vacation in California every summer twice a year once in July once in August we stay right on the beach in socal we absolutely love California's coast. But living there is out of the question we just can't afford it, we want a place where we don't have to vacation from. Thanks alot for the response I told my husband I will go to Florida in the summer this year if I like it and can handle the heat then were moving as soon as we retire lol which we are starting to plan now.
    2
  53854. I understand Michael. Life is full of risks and you have to chose what’s best to be happy. I’ve lived in cities up North for most of my life and in most of those cities I got used to living in small buildings or houses. For example, when I lived in Boston the tallest building I lived in was only 3 stories high. I haven’t lived in a tall building since the 90s in NYC. Where I live in South Beach is only two levels. I can understand why people who live in those buildings would be concerned because of the tragedy. Let’s keep praying for those affected. 🙏🏽❤️
    2
  53855.  @MichaelBordenaro  Well said, that’s pretty much all we can do honestly, as scary as it might be. Thanks for speaking on this matter and being honest about how you feel. A lot of people feel the way you do. And yes I will continue to do so. 🙏🏽❤️
    2
  53856.  @MichaelBordenaro  Yeah, I only take a trip once every 2 or 3 years. Jim.
    2
  53857. I'm about to leave NYC.. Its dead thank to the communist and mandates!! Prices are out of control and it has become a typical socialist state!! RICH AND POOR.. I'm out!!
    2
  53858. ✔️😊
    2
  53859. Thanks!
    2
  53860. We live in Maine will put it up soon move to Florida hope sells fast
    2
  53861. Michael - Can you do a video about the # of real estate agents who are dropping out of the industry? I bet it's a full swing exodus
    2
  53862. Playing catch up on your videos I've missed today while at the DMV
    2
  53863. Here is rule for buying vs renting. .05 x cost of proper ÷ by 12 < or = to cost of rent per month. The cost has a long way to go (coming down) Personally I think the average house price across the country will drop by 30-35% minium from it's peak. Those people that are still holding out for big money are delusional. We are only a few months into the downturn, wait till end of 2023.
    2
  53864. Buying an airline ticket today doesn't guarantee you'll get there or get home!
    2
  53865. In Europe people are stealing the charging leads to strip the copper wire for scrap or selling online.
    2
  53866. Congrats on your plaque Mike!
    2
  53867. I looked back at one of your videos when you did a tour of a neighborhood where you mentioned they never get floodings due to the fact they have very good water pumps because you mentioned the flooding can get very bad in Florida, It was a little eerie hearing that considering the tragedy a few days ago. I’ve always been one of maybe a few who if I moved to Florida wanted to live as from the water as possible. I’m so sorry about your neighbors and pray more people are found alive.
    2
  53868. You have had several scam comments/threads on your channel as well, I and others have reported them. I hope no one believes them.
    2
  53869. People with half a brain knew what the inflation was from and that it was in fact not transitory. The "covid" emergency, the DEI, and the insane spending and war starting
    2
  53870. I live in a gated community, but we leave the gates open from 6AM -6Pm. They are only closed at night. I like it this way because there are so many deliveries that the gates would be open and closed all day long. At night you feel safe with the gates closed.
    2
  53871. Wrong, fed will reverse rates and we’ll be right where we started from !
    2
  53872.  @MichaelBordenaro  I'm selling my home at the end of the year, I bought a new home in Florida interest rates don't matter I will be paying cash for it. I purchased my current home new in 1994 for $224K we've invested another $300K in upgrades and doubled the square footage and we've had 3 appraisals of over $1m for so even if it drops some I'm still way ahead of the game and I should be fine.
    2
  53873. Good advice. I'm recently retired. My plan is to try out a couple of different areas for a month. Rent for a month. That should give me a decent idea and time to chat with the locals for pros and cons.
    2
  53874. Michael, your idea of summering in Marin County is a great idea! My sister has friends, married couple, who are "camp hosts" every year in the June Lake Loop area (up by Mammoth) and they love it. They just do it for the summer. I believe they also get paid for it. There are a number of campgrounds in California so lots of opportunities for something like that. :)
    2
  53875. Loving your long winded ness, well these outrageous prices are good for the diet, much love from Montreal!
    2
  53876. I know no one wants to think about it, but what if our country enters a period of w-ar (I am misspelling on purpose so you don’t get flagged)? How would that potentially affect the housing market and rates? Just curious because I think we are heading there.
    2
  53877.  @MichaelBordenaro  Thank you very much for replying and your Miami YouTube channel I appreciate your work! Can’t wait your live.
    2
  53878. Great video 👍 This a reflection of what has become of the USA everything has a fee no pay go away 😮
    2
  53879. Cool vid, Mike. I'm in Palm Coast too!
    2
  53880. WTF happened to FULL DISCLOSER ??????
    2
  53881. This is worst than being blacklisted at hop sings
    2
  53882. You have a person impersonating you on this channel with a whatsapp scam. Please warn people.
    2
  53883.  @MichaelBordenaro  Did you mean Clearwater somewhere near St. Pete?
    2
  53884. 🙏 O Dios ... es terrible
    2
  53885. State Farm in CA is not writing NEW policies in homeowners. Nor are they writing any changes in coverages. They are also not writing any new Workers Comp coverage... I had no idea the Farm wrote comp at all. For high risk properties that cannot get insured by a standard carriers, CA has the so-called "FAIR" plan which is expensive, high deductible and limited coverage.
    2
  53886. Love the riff!
    2
  53887. I never eat at McDonalds. The food quality is terrible. It was great some 30 years ago. They are currently building a 3rd one here in Carlsbad, NM. This town had a population of about 35,000 around 2018. Due to the oil field explosion, Carlsbad is over 200,000. If big oil should come to an end here. This town is gonna dry up.
    2
  53888. Great Channel
    2
  53889. I plan on moving to Florida in December/January
    2
  53890. Thank you Michael for all your videos 😊
    2
  53891. If they do not pay me and my family enough how am.I gonna buy a home for my kids? And where to go? Looks like I will still just observing or have how many jobs(again) to afford a house for my kids and me
    2
  53892. I did an appraisal inspection this morning in the subdivision (South Venice) that you are walking through. I wouldn't call it the average Venice neighborhood; this neighborhood is the least expensive (or one of the least expensive) in the whole town.
    2
  53893. Thanks, Michael. If we look at history we'll see that the feds agenda never changes. It's about engineered wealth transference. Nothing we are experiencing is organic. It's all carefully contrived. Mike Maloney has a superb presentation on this topic titled "The Eerie similarities of 1929 crash and today" on youtube. As electric cars being produced for the benefit of the populous....that exactly the original premise of the light bulb! There is actually an original light bulb at Thomas Edison's summer home (in fort myers), that still burns brightly today! Watch "The light bulb conspiracy" on youtube.
    2
  53894. always use Check ink that is specificly used to secure your check cannot be altered. the special ink is non-erasable, like regular ink that can be disolved with some chemicals easily available and that has been around for a long time.
    2
  53895. Great reply. You all rock!
    2
  53896. There has to be a cut off date from when the home sellers are losing or winning. Like sellers where houses bought in 2020 till today are losing or maybe even just 2021 till today are the only losers?
    2
  53897. There plenty more rate hike . Look at the schedule. The difference is will it be .75 or 0.50.. even if they did 0.25.. rate are going back till will have a recession. That is the only cure for inflation
    2
  53898. I’m so happy papa taught me how to cook! Thank you papa!!
    2
  53899. Love your channel My 12 year old son was in the know. I taught him everything I’ve learned in the last 4 year’s.
    2
  53900. For the algorithm.
    2
  53901. Thanks for the video I think the state of affairs will slowly dawn on people over the next 5 years. People have been FOMOing so hard into Real Estate because theyre not making any more land right !? Well with a declining population and boomers retiring/downsizing inventory will just keep coming online and few people will have money to buy. Prices will slowly just keep heading lower and many will regret their purchases. The real estate market wont come back for a loooong time IN REAL TERMS. (inflation adjusted)
    2
  53902. Michael, you are paying for this when they jack your rates.
    2
  53903. We dont realize we invest in our own dimiss with 401ks etc
    2
  53904. I put about $10,000 down on a $216,000 condo. What's the other $1,000 to 1,500 a month in expenses that you were referring to? My condo has a new refrigerator, microwave, dishwasher, stove, and air conditioning unit. The HOA pays the water, trash and sewer.
    2
  53905. We are NOT going to 5% inflation! We are going to hyperinflation! Ghana’s government recently announced plans to procure oil using gold rather than US dollars. And it is just one more country moving away from the dollar. Saudi Arabia is selling oil to China in Yuan, India is buying oil in Rupees or Rubles, Russia is selling oil in gold or Rubles. As more countries do this, and the dollar loses its reserve currency status, there will be an avalanche of dollars returning to the US...and hyperinflation...brace yourselves...
    2
  53906. What I like about you is that you are more interested in talking the truth rather than selling us something. Im a new subscriber and I’m out in CA and do not plan to go to Florida. I find you extremely interesting and insightful. Thank you!🎉😊 I forgot to mention I’m 70 and have been around the block and applaud you n
    2
  53907. Our government is handing out 100-billion-dollar gifts while just printing the money. There is nowhere near enough revenue to match these gigantic giveaways. The tune is 1 trillion overspend every 3 months. It seems they have already given up on any kind of limits. They have a rule where if they all vote the currency to no longer be supportable, they will take over our government and treat it like it is their private business. I'm thinking this has already happened.
    2
  53908. Gave up on Air BnB...dried up. Gave a great rent price to a young family. Covers low (under 3%) mortgage pmt.
    2
  53909. I don't see a crash coming anytime soon. We would need supply and demand to drastically change.
    2
  53910. I like this.
    2
  53911.  @MichaelBordenaro  It is. You're welcome!
    2
  53912. In order to juice sales, Rocket Mortgage recently went as far as to underwrite a mortgage product that requires qualified and eligible mortgage borrowers to put down only 1%. That type of creative lending speaks to how challenging this macro environment is right now for mortgage lenders.
    2
  53913. If you were 65 and divorced and had the resources to buy say a $180k home, how much past the 20% would you put down on the house? Should you keep a good margin in bank for added features and repairs or get it as close as can to very low mortgage payment? Also you talk about buying down the interest rate of loan, can you do that with a VA loan if you choose that route? How much extra do you need to put down? I've bought 3 different homes in my marriage time and put down little, much and mucho, but that's another story!
    2
  53914. Interest rates should drop towards 6 with the ten year treasury plunging right?
    2
  53915. looks exactly like Franklin's house in GTA V :)
    2
  53916. So true
    2
  53917. Overall the simplest answer is higher interest rates. Cheap debt causes an abundance of problems. Expensive debt knocks out many investors and zombie companies. Economic growth may slow, but it will be fundamentally healthier with REAL wealth. That’s the most pragmatic solution. A better solution is going back to sound money. But that will never happen. I’m also in favor of protectionist laws to slow foreign investment. Other countries are very protectionist and care more about their own citizens than our government.
    2
  53918. What about capital 1?
    2
  53919. Michael, Thanks for another great video. I can solve America's (and the world's) problems. Have financial people, engineers, realtors, builders, run these countries. The ones in charge are like controlled robots - no one steps out of line - for fear of losing their careers.
    2
  53920. reporting in from sunny calif things on this end are still booming everyone is living high on the hog houses are still sealing in one day at record highs no slow down in sight last night every store in town was packed shopping carts overflowing with food and goodies. gas is 550 a gallon people are filling their 90,000 dollar cars up to the top. i am still waiting for the big crash but I sure have been waiting a long time. man I could have made a lot of money waiting for this crash to happen.
    2
  53921.  @MichaelBordenaro  Thanks for the reply! That is a great idea to up it $100 for better options. I have been in contact with a few rental properties already where I am talking directly to the owner so I am not sure if they will let a realtor of my choice broker the deal if I end up leasing with them. But with that said you will definitely be my go to Realtor in the future or if I don't end up leasing with the owners I am in contact with. One last question, do you think if I offered to pay a landlord the full 12 month lease up front I could potentially get a discount? For example, a studio listing for $1,200 a month which comes out to $14,400 for a year and I offer a landlord $13,500 up front. Do you think any of them would go for it? I know in some markets that would work but I am not too familiar with the South Beach rental market like you may be. I am sure South Beach is a landlord's market
    2
  53922. Michael, it was nice to have this "old" vid show up on my recommended list. Great to see more photos of your wife and your young-self ponytail and goatee. Count your blessings, with your skin tones and blue eyes... your salt and pepper hair looks pretty awesome.
    2
  53923. One building with severe problems collapsed. Now all of the seniors living in a condo over 15 years are going to hardly able to survive, if they can. Sad and shame.
    2
  53924. Irresistible force (US Fed) meets Immovable Object (home prices) - there is a winner here and it is the Fed as home prices slide to pre-pandemic levels in 2023. Powell is not taking his foot off the gas, just yet so expect a 75 bps in December 2022.
    2
  53925. In Panama a doctor visit with drugs can be as little as 20 bucks. Kids still pray in schools. The dollar is strong there (canal?)
    2
  53926. Not affordable anymore. Price appreciation over 40% this past year.
    2
  53927. 🙏🏻🙏🏻👍🏻🙏🏻👍🏻 congratulations 🎈🎊🎉🍾
    2
  53928. As Biden's 10% inflation and mortgage interest rates increase above 6%, homes may become less expensive in 2023 and 2024.
    2
  53929. I would say, I am selling my condo near the beach in Hilton Head and holding on to my properties with fireplaces, wood and wells.
    2
  53930. This story from UK sounds like stuff that is happening here in US with rent back condition where one of conditions is that you let sellers live rent free for 3 month after closing
    2
  53931. Beautiful street with beautifully clean pavements, kudos.
    2
  53932. can we talk about that nice amp head behind u in the video! rock on brotha
    2
  53933. I have rental property in South OC Ca. The company that manages my property is called “Belong” They also guarantee rent and provide up to $15,000 in eviction costs. They charge 5% minimum to manage property below $4,000 and 5% above $4000. They aren’t going to market the property only to watch it sit. They also will advance you the full amount of the rent up front for a fee. They offer all repair services etc.
    2
  53934. Airbnb's have total active listings of over 2 million. When you take those out of the market, that alone is definitely causing some inventory problems which helped fuel the rising prices couple with low interest rates and bam, supply/demand factors played out. Now with rising interest rates and home prices not really falling in comparison, the average person is priced out of the market. Those that were approved for a 400-500K loan are now only approved for say 300-350K. I think the market is going to just be stagnant for a while until something really pops. I'm really curious to see how Airbnb's are going to hold up during a recession when people can't travel as much.
    2
  53935. Hi Michael. Someone mentioned that you edit and delete their postings. Is that true?
    2
  53936. Thanks for the honest opinion, love the guitar rig,
    2
  53937. Yes but there are only so many millionaires to buy the new, expensive places in the future
    2
  53938. MICHAEL ..... what about foreclosures ? Don't they take 6 months or more to do ? Banks can't throw you out tomorrow ... so you can sit there and wait
    2
  53939. We need another bedroom but only pay 1450 in Denver for a 🏠 so maybe next year
    2
  53940. Renting is certainly better if you are single. It allows the flexibility to move easier for better paying jobs. Anton Kreil has a great video about it. The Ten Secrets To Achieve Financial Success is my favorite.
    2
  53941. Love the attitude, common sense, and tells i like it is. Question,, what do you think of the Villages? Haven't heard you mention them. They are doing a huge any age area called middleton. My homeowners is 800 per year. Master planned so that golf courses flood first as well as draining of the retention ponds, we don't even need flood ins.
    2
  53942. The chart which indicates the increase of the number of people living pay check to pay check is scary, especially when you take in consideration it represents a period of less than a year. It's unsustainable and paints a bleak picture of the nearly term strength of economic growth. Yikes! Dayton, Ohio!?!?! Double yikes Michael!
    2
  53943. Thanks!
    2
  53944. I SAW TODAY ZILLOW IS OFFERING THE 1% THING
    2
  53945. No they shouldnt be involved as we see look what happened for us that are trying to sell we are stuck for those that want to buy they are declined because of the high interest rate they cant do the payments
    2
  53946. My taxes just went up a lot. I have escrow built in, but because of the property taxes exploding, it went into an escrow shortage... I had to mail in a huge check to the mortage company's escrow department to cover the escrow shortage. Or the alternative is that the mortgage amount would go up significantly, but I get jollies from trying to keep the amount as close to the same as possible. If anyone doesn't understand this, it is a fixed rate.
    2
  53947. ….I wish I would off known you this 20 years ago 😞
    2
  53948. Great video
    2
  53949. I was sipping coffee when it was breaking news. Prayers from Gulf coast ❤️
    2
  53950. Hanging tight!
    2
  53951. ❤ how you spend quality time w/your viewers and strive to make educational videos
    2
  53952. 💯💯💯👍
    2
  53953. Talking about scams… there are a zillion fake house listings in Facebook marketplace whenever is sale or rental. They list a place on marketplace that they see on zillow, specially places for rent. Then a person pay the application in advance then go see the property. That is the moment the person finds out it’s a scam.
    2
  53954. Really? I thought chase was the worst
    2
  53955. Talking of things you never think about, I never believed we would have the housing crash of 2008. I was a confirmed believer in real estate. That changed the way I will think forever. I know now that anything is possible.
    2
  53956. Food and gas started coming down where I am
    2
  53957. you can buy a 3500sq foot duplex condo in a high rise in Medellin Colombia with 4 bedrooms and 5 baths for 260K.
    2
  53958. I recently got let go. Are there any good websites to search for fully remote jobs? I work in marketing.
    2
  53959. Thank you
    2
  53960. Some of us turned our fake equity into realised gains in march 2022 because we saw what was coming ;)
    2
  53961. Just to clarify, the government pushing these EVs because they're better for the environment, yet they are charged using electricity produced by burning fossil fuels...yep that's definitely a government program FFS go for it guys and girls, buy an EV, but you're only allowed to charge it using electricity produced from solar and wind generation, oh wait that doesn't produce enough power for you does it? Oh well...that's a shame. Appreciate the content Michael, G'day from Sydney.
    2
  53962. You're right my brother still owns my Punta Gorda isles condo and the hoa doubled and its going to get worse. I bought a 3 bed home in nearby Port Charlotte. Taxes ready?? $950.00 a year. And I could get a 1/3 discount because I'm a Po boy on paper. No home ins needed I bought cash.
    2
  53963. This attorney agrees. But sounds like they have it under control going to cheap schools and saving half up during the interest pause.
    2
  53964. You look good standing next to Lemmy Michael LOL. I'm guessing that's at the Rainbow Room? I love LA so much. I love Florida also and have been here 33 years, not sorry I moved from up North terrible winters at all. But everything you said is true. One thing I will also mention is, good luck if you need any type of repairman down here. After owning four single-family houses and now a condo down here, we have had so many instances of plumbers, electricians, contractors, either not showing up at all for a scheduled appointment or they show up and give you an estimate and then completely blow you off for no reason at all. My guess is that it's because since this place is so transient and they're always also building so much that they can pick and choose jobs, and if they turn one down they have 25 more prospective ones. We presently need a new plenum for our air conditioning unit which we bought two years ago brand new, and today they're putting it in and it's costing $4,600! We know that's probably overblown, but our ceiling is falling, we haven't had air since Friday, ( thank God it's not the dead of summer!) and getting someone else to come for another estimate is a pain in the ass and almost impossible, and will probably be in that ballpark anyway. So good luck if you're not a handyman down here. Also, I can't believe how rents have risen. If I had to live alone down here I couldn't afford to. Luckily we bought our condo three years ago and we have a teeny mortgage even with our monthly maintenance. So while we don't have a lot of savings, we have a fairly inexpensive lifestyle that we're locked into thank goodness. Even renting a crappy apartment in downtown Lake Worth where we used to have a house cost about $1,500 now, and I mean crappy. Anyway, great video as always.
    2
  53965. It just a single family home being rented illegally to 15 people paying 2k a month, that's why the cars, all the other residents are at work or searching for food or a job.
    2
  53966.  @MichaelBordenaro  it might make for a good video topic, the differing interests of buyers versus owners. Buyers want to see reserves fully funded, maintenance fully up to date, no overhanging issues. Of course, as soon as a buyer becomes an owner, if they bought into a building where the reserves aren’t fully funded and maintenance is coming due, they often are of the mind to vote against fully funding reserves and delaying maintenance for as long as possible. At Porta Bella in 2009 I knew, from my brother who already lived there three years, that there were some pending issues. But it was 2009 and the crashed prices balanced out any potential assessments. He paid $268k in October 2006, I paid $181k in March 2009. Within two years of living there we started having elevator issues. An elevator would be under maintenance for weeks, but there were three elevators per building and I didn’t mind walking down the long hallway to the far end of the building to use the less frequently trafficked elevator near the pool but farthest from the lobby. Or wait for the other elevator at the lobby next to the one under maintenance. And not long after one was repaired, the other, overused during the time it was the only one working, would inevitably break down and need to be shut down for maintenance. The roofs had some leaks from air conditioning repair guys working up there on the condensers; they’d be careless and sometimes damage the tar by setting heavy condensers on it, off the side of the walkways, no doubt to set them out of the way when they were replacing a unit. This meant that the penthouse units would get water damage from leaks, but there’s a larger voting block in all the rest of the floors (the penthouse level is just one floor of many, of eight at Porta Bella). So minor patchwork repairs were made for years to a roof past its replace-by date. Rather than fix broken or loose tiles in the lobby, they waited until someone tripped and sued for a couple hundred thousand dollars. The seawall that failed had been visibly compromised for years, no inspection needed to see the ground between it and the building nearest the intracoastal sagging as water leached through the damaged sea wall. When they finally got around to addressing the issue, years after I’d sold, it turn out to be a very expensive fix. The list goes on. I benefitted, I guess, having had a few minor inconveniences in my seven years there and only that one $2500 assessment. But the bill came due for those who remained owners in the subsequent years.
    2
  53967. a friend of mine that had a great mortgage business for years in Folsom Ca moved to south carolina for that very same reason
    2
  53968. If your considering of buying a house built in the 60s and below look out for electrical and plumbing issues that’s only part of the problems , remember there could be a lot of hidden issues in the walls !
    2
  53969. Typical of "Wanna be" nouveaux rich skims that we have in Miami, in 40 years I have been buying real estate I have see this happen only in Miami. Who in their right mind, that cannot sale a home and then increase the price every other month, Only in Miami,the other thing they do in Miami is put their home for sale remove it and then re add the listing, hoping nobody will notice and increasing the price time and time again, Really!!!! This happens only in Miami in my opinion. Never seen people in NY, LA Austin or any other estate, crazy enough to think if they cannot sale a home for 2.2million, they can ask 3.2 Million hoping to sale it, Sorry but I call does people "idiots and ignorant" , no offense to anybody.
    2
  53970. Your Cam is hella fire now
    2
  53971. I lived in Monterey, California for several years but way back in the 80s. It was a fantastic experience. But I also have lived in Hawaii for 7 years. That was even more desirable. But, Florida is my home now. I wanted to own my own home and I just didn't see that happening in either of those states and still take a vacation or continue to dine out or go to a concert or play. The cost of living in Hawaii and California are unrealistic.
    2
  53972. Time to rent not a time to buy
    2
  53973. Wait until you notice that single people who file a simple tax return end up owing money for the first time in their career lifetime. I’ve been working for over 20 years filing single and this is the first year I owe taxes. Fml
    2
  53974. Hell yeah Michael. Nuts and Bolts rule. FOMO was toxic.
    2
  53975.  @MichaelBordenaro  As a licensed real estate agent, I think you're able to to get access a rental applicant's credit score, right? How do you do that?
    2
  53976. Micheal, I am so glad that you and Lizzy are safe. Prayers for those affected and families. Also may the community remain strong and heal. Please be safe my friend.
    2
  53977.  @MichaelBordenaro  🤝
    2
  53978. Michael, enjoy all your Contant. Please buy some XRP ! Now !
    2
  53979. Property bill Question What would an estimate be for the property tax bill for a new luxury construction Valued at approx 2mm condo in Miami Beach ?
    2
  53980. what does that shirt mean up Rhode island?
    2
  53981. yes, I would offer a bit low considering what may happen over next several months. Beware the falling knife.
    2
  53982. Once the velocity of money through the economy slows you will see changes.
    2
  53983. I work in Technology and work remote and cannot think of one reason why bringing in employees is a good thing.
    2
  53984. Nice video. I been following your channel for maybe 2 years now and I just realize that I was not subscribe sorry about that, but now I just subscribed.
    2
  53985. Appreciate your honesty Michael! Thank you😎
    2
  53986. Michael, In previous pivots, the market went mostly sideways for about 1-1/2 to 2 years, then it took off.
    2
  53987. It's not the debt product you use that is the problem. It's what you do with it. Using home equity could make you money or it could wipe you out.
    2
  53988. Thanks for the lift Michael! 😄
    2
  53989. The longer they delay it the worse it will be
    2
  53990. Michael take it from my wife who’s lived here her whole life and myself since I was 7 and I’m 53 that California is not the place it used to be. It’s drying out if you want warm water you’re not gonna get it up where you’re talking and the taxes and the bazaar policies/laws are horrendous! If you want a change of seasons and cooler winters and falls why don’t you go up to northern Florida specifically the panhandle and the emerald coast?
    2
  53991. First of all, I really am a fan of yours. I enjoy your sincere afternoon talks about real estate and, you are one of my favorites. That said, Michael, you may think prices will not drop in Miami, but I live in Houston. In '06 they said not here, but prices went to hell in a handbasket in Houston just like they did everywhere. Take away, "When they raid the whore house, they take the piano player too."
    2
  53992.  @MichaelBordenaro  Thank you for responding.
    2
  53993. With this high continuous inflation, real estate is a safe heaven. Of course, people who invested in real estate with somebody's money could have problems with returns below expectation.
    2
  53994. Newton's Third Law: Action & Reaction His third law states that for every action (force) in nature there is an equal and opposite reaction. If object A exerts a force on object B, object B also exerts an equal and opposite force on object A.
    2
  53995. yeah i have money. But thats because of proper money management. NOT because im one of those 70k plus rich people that get a break. Give me a chance to be rich like all you in that 70k plus range ill have millions on retire. So all you in that range can thank god on your knees you get that chance. ill probaly have it
    2
  53996. At what point does it all break?
    2
  53997. US, Aust, CAN, World hasnt even had a Recession yet so the fun has yet to really begin!!!
    2
  53998. These free money for down payment and closing cost programs are extremely inflationary.
    2
  53999. Wealth is measured in time not goods, not posh houses or cars, but how long can you live without earning money, are you 1 year rich, 2 years rich, 10 years rich, infanatley rich?
    2
  54000. Yw
    2
  54001. Congratulations 🎉 on your YouTube channel 🥳
    2
  54002. There is no solution to stupidity.
    2
  54003. Morgan Stanley is setting themselves up for pain.
    2
  54004. Im surprised you found any ocean front rentals on Florida's west coast. Thought the gulf would be in the way 😜.
    2
  54005. Delayed happy birthday to you Michael.
    2
  54006. Great video
    2
  54007. You are correct Michael. There will be more than enough rental inventory on the market for the short term future. However, in the long term, there will be a rental inventory shortage when The Great Reset or The Great Taking occurs. All part of a plan by the global elite to transfer equity from the American people’s pockets into their pockets.
    2
  54008. Hi in the state South Australia Adelaide city real estate is Hot as a cheaper state investers and home buyers are still going crazy over real estate.
    2
  54009. I just arrived near the Miami area. I don’t miss the cold weather.
    2
  54010. Good Point on historically low unemployment has preceeded every recession. Another one is Continuing Jobless Claims has increased to a level that always preceed recession.
    2
  54011. Culver's has such good burgers!
    2
  54012. Nice shades! i.e sunglasses in English English! Thanks for the great vids, watch all the time.
    2
  54013. its called direct drive
    2
  54014. Digital plates is do they can display stolen or expired
    2
  54015. 9/11 was what sparked high-rise fears in me. Before then, I never had any problems being in tall buildings. Actually, I enjoyed being way up high just for the views. Seeing the horror of people trapped in a burning tower changed that. I've never lived in a high rise. Or worked in one. But I've been in them. The last time it was for a job interview. I was fine until I was sitting, waiting for my interviews. It seemed to take forever (prob was only 20 minutes), and I started to freak out a little bit. I began to imagine working in that building which was almost brand new. I got up and left. I hate to admit being that afraid, because I'm sort of like you in that hey, when my times comes, that's it. I had a pretty good life, and I'm looking forward to being with Jesus, but... no thanks.
    2
  54016. Thanks for the Info
    2
  54017. Hey Michael u should check out Kendall and Miami shore Pinecrest and carol gables nice neighborhoods
    2
  54018. Surfsiders call Sunny Isles, Shady Isles. lol.
    2
  54019. Happy 4th Michael!
    2
  54020.  @MichaelBordenaro  Awesome! I will be doing that soon! :-)
    2
  54021. Michael, you should move to the Denver metro. It hardly ever rains or snows for more than a half hour. Then the wind blows and makes everything dusty/dirty. Great place to live if you like ugly. :face-orange-raised-eyebrow:
    2
  54022. Magnum P.I. says reverse mortgages are good
    2
  54023. Michael are they doing Owner finance yet that's big in hard times ??
    2
  54024. You are one of the only ones that brings up Rising costs of home ins , property tax, Heating and cooling costs
    2
  54025. Micheal. Welcome California. Can you talk about Prop 47 in California. I from San Francisco. It was suppose help stop violent shoplifters but now just increase lost and cost$$ from shoplifting under $950. Before prop 47 thefts use bring knifes, guns, or all kinds of tools over can coke and candy bar. Wasnt worth getting hurt but employees and people still got hurt when get into confrontation. What are your thoughts?
    2
  54026. I’m not surprised about the lies being told about the housing market.😄Anything for a buck, right ?
    2
  54027. I love that you put up listing ads as you see houses because that's what I like to do too 😁🙌
    2
  54028. Interesting because I JUST had my identity stolen 😓
    2
  54029. They redirected Covid funds. That's fraud. You and I would be in jail.
    2
  54030. Sounds good to me
    2
  54031. I hope you and Lisi have an awesome and safe trip home❤
    2
  54032. When I moved here my eye dr asked how did I like the weather then put his hand out and said wait 15 minutes and then tell me. Yes bipolar weather time of year It’s not greed selling it- my father told us to sell it to pay the estate taxes- my mom wouldn’t allow him to set up a trust way back- he was right the taxes were ridiculous and yes, it was very sad because I couldn’t buy it out from my brothers and keep it running - pretty big property- property taxes were high- I agree with you on a next property not being a Florida property, I didn’t ever imagine that the prices for insurance and would - including auto would catapult. I would like to buy more real estate in the future and I also know I wouldn’t want to risk it- weather, or try to keep up with the ins etc. Things will reveal themselves as we go on….
    2
  54033. Great information, really enjoy watching every episode.
    2
  54034. This is happening in close to every where. Demand for rentals is out of control
    2
  54035. If the government gets involved in people's businesses, the USA would become Cuba, Nicaragua or any of those communist and miserable countries, the USA should remain free and people have the right to charge what they want, another thing is that they will never rent it, but that's free market
    2
  54036. 4:52 🙌🏼 You are reporting it so right, Michael.
    2
  54037. I'm just curious, why not tax corporations/CEOs their fair share. We consistently receive reports showing these parties making record profits and not being taxed at all. Capitalism is good and all but not when its crony capitalism. It's like the gilded age all over again.
    2
  54038. Promoting precious metals is like promoting FTX.... JK. Metals are safest place to be besides cash right now.
    2
  54039.  @MichaelBordenaro  I heard it is very beautiful but parts are haunted. Honest!
    2
  54040.  @MichaelBordenaro  Miami is a hot spot for people to visit no question. In our younger days it was the go to spot for me and my friends. The water is among the nicest you'll find in Florida 👌🏻 I just have my gripes you know about with SB. This video was well edited with good visuals of the places on the list 👍🏻 I'm looking forward to more content on places you visit down there 🤙🏻
    2
  54041. Selling to foreign entities props up an arbitrary market that shuts out Americans. IT is ridiculous.
    2
  54042. It all goes back to the huge money printing. I know city workers in a blue city that were getting as much overtime as they wanted during Covid. It was a gigantic free cooky jar. Then the money began drying up and Human expectation refused to pull back. Those that raised their hopes and expectations need to realize that was just a short-term bubble.
    2
  54043. Michael Bordenaro in the video you said “ go back to basics “ could you elaborate on the basics for me?
    2
  54044. So great seeing where you grew up and learning more about you and your family. Nice town! Growing up in South Florida, I always preferred the bigger cities too, until about 5 years ago…. I’m Over the “rat race” LOL. Desire more peaceful and tranquil environments now 😊
    2
  54045. You certainly have done your homework. Thank you for intel 🙃
    2
  54046. Welllll alrighty then!! Time to get to work.
    2
  54047. Please no more malls. I couldn't concentrate on what you were saying.
    2
  54048. Imagine a car salesperson stating the same responses as Tom Ferry to wary customers--the dealership's GM would fire him immediately.
    2
  54049. I don't see an issue with them cracking down on nuisances. Not speeding, not cutting your grass, and not cluttering your yard with junk and inoperable vehicle should be common sense. Who wants to leave in a community where that's acceptable.
    2
  54050. Thanks for the video.
    2
  54051. Lol soft landing the pain train is coming
    2
  54052. My property taxes just went up by 2.5x here in central Florida. I thought it was an error. Called the county and they said it was typical and not an error.
    2
  54053.  @MichaelBordenaro  thanks! Loves your past luxury apartments tours, by the if i may suggest, i think ppl still would love to see nice apartments or condo for entertainment purposes 😀
    2
  54054. Yea, Check out Millionaires Row in North Shore/North Beach, also you have 57 Ocean condos at 5775 Collins Ave, and 87 Park condos at 8701 Collins Ave. Links are not allowed to post here
    2
  54055. Hi Michael! Please forgive my question as I don't know much about you. Are you a real estate agent? Is this place still available? Is the price negotiable being that's quite old? Can this be rented out upon acquisition? Any rental restrictions? When was the last 40 year evaluation done on this building? Thank you so much for your time
    2
  54056. Just another day of a golden video. Despite I still hate how much you hate rent control. lol
    2
  54057.  @MichaelBordenaro  I avoid driving in Chicago lol
    2
  54058.  @MichaelBordenaro  wow, seether.. saw them in a club right when they were starting to get a little name recognition, but at that time few people knew who they were
    2
  54059. Definitely only looking to buy. I'll reserve a consult time. Thankyou so much💯🇺🇸😁!
    2
  54060. Is it stilll 2007 all over again? All the same symptons based on fake growth coming out of reckess investment in financial garbage. Securitized mortgages, Crapto, falsely pumped up real estate, or tulip bulbs. Bubble, bubble, toil and trouble...
    2
  54061. Aloha 🌺
    2
  54062. Congratulations
    2
  54063. Looking sharp brother!
    2
  54064. there over 30 they are no longer on the payroll
    2
  54065. Let me recommend "The Great Taking" (free pdf./low cost hardcover/YT documentary) by David Rogers Webb. It will clarify that the financial issues we are seeing are part of a greater and long-term plan to rob all of us of everything.
    2
  54066. Water is much more clear than the Gulf! Red Tide is a big negative along the Gulf.
    2
  54067. Reality- thx for the video!
    2
  54068. Always an interesting video. I’m no expert, but I can assure you the parking fees there will never go down. $$
    2
  54069. Very informative...moving there in 6mos from vegas. Looking forward to a new start in life. Thank you!
    2
  54070. All the things listed I feel like have not been done at all by real estate agents anyways… especially if one isn’t looking for expensive places. Maybe they do if you have a big budget or used to, but that has not been my experience for the past 20 years.
    2
  54071. In Australia 99% of buyers do not use an agent. They foolishly believe the selling agent will look after them. In reality most agents are looking after their own interests. Profit is king 🤴
    2
  54072. Do the compilation video!!
    2
  54073. If that last house is a flip how are they getting a homestead exemption.
    2
  54074. I have an acquaintance in Florida that says he bought a house for $20,000 a couple years ago but more near the Interlachen area. Needed work obviously but with about $20,000 and his own labor, looks like a nice little place. Is that part of Florida really such a less desirable area that something could be that cheap up there in comparison?
    2
  54075. One thing they never seem to talk about with electric cars is that the grid cannot supply the electricity if the public moves heavily towards them. Blackouts and brownouts would be the norm, not the exception. Electric cars are not for the people, they are for the deluded eco-freaks. God Bless Us All
    2
  54076. The guitar playing is awesome! More of these endings! 😊please!
    2
  54077. I cut the cord no TV , no XM, Trying too save anywere I can, Food , coffee every thing going up weekly, I tryed to sell a few things no takers,
    2
  54078. Here we go now!
    2
  54079. GREETINGS FROM THE CALIFORNIA DESERT MICHAEL. 🏜😎🌴
    2
  54080. All I know east side of Florida the hurricane s don’t hit as much as the west coast
    2
  54081. Seems to me that 200k property tax is about fair...its a 13 million dollar house.
    2
  54082. Foreign buyer ban in Canada basically means "Chinese buyer ban". But a 10000 dollar fine on a property deal worth, say 2 million dollar, who is that going to deter? The fine will just be baked into the price, and as you say the rules will probably be broken continuously. Subsidizing mortages should be reserved for houses that sell under the median price of the area if you ask me - that is, if you should subsidize at all, which I am principally against.
    2
  54083. One really cool thing I like about living on the east coast of Florida is that you can go surf in the morning and go look for shells and just hang out on the Gulf in the afternoon.
    2
  54084. Keep up da content
    2
  54085. Oh my gosh! I love this guys! It was absolutely bonkers! 😅❤😅
    2
  54086. You rock! I just joined. You are the first YouTube channel I've ever joined, too. :)
    2
  54087. Sounds like a very motivated and intelligent man. I hope he stays in business. Great video Michael. Thx.
    2
  54088. Dude if thats what the neighbors look like IM IN!!! 🤟🏻😜
    2
  54089. I’m curious why you don’t ever mention Jacksonville Florida?! Is it that bad? 😂 Moving to the east coast in December
    2
  54090.  @MichaelBordenaro  moving to Florida from AZ at the end of the year! Loo
    2
  54091. Beginning stages of a recession????? NO NO< a total Collapse!!!!!!!!
    2
  54092. I just subscribed to this channel. Great job you doing sir. I like it
    2
  54093.  @MichaelBordenaro  ok but can I find anything decent under $200 and not in the hood?
    2
  54094. Michael, love the background. With all the guitars. Do you actually play? Would love to see a video of you jamming out sometime.
    2
  54095. Wow I was looking at that bldg to move into! Very familiar with The Collins too. I'm about to move to another condo a few blocks away but it's not a high rise
    2
  54096. What is your opinion on Indian Lake Estate on Lake Wales?
    2
  54097.  @MichaelBordenaro  yes need some practice for contacts!! Lol
    2
  54098. I don’t understand the Fed. How can they want unemployment to increase? How does anyone want people to be out of jobs and struggling to make ends meet? Who are these heartless bastards? Names?
    2
  54099. Great informations ⭐️⭐️⭐️⭐️⭐️⭐️ Thanks Michael
    2
  54100. Debt skyrocking to the moon and inflated asset keeping people illusion their wealth.. in paper not true income or productivity.
    2
  54101. I enjoyed the video. Thanks
    2
  54102. The Mortgage Twins
    2
  54103. Agreed. Even Jerome Powell said it. But tell that to the clowns in DC. Both sides are guilty!
    2
  54104. Thanks Michael for the videos. These are great. I hope your channel continues to grow!
    2
  54105. I am curious too. I would need to confirm, but I thought I read that crime might seem higher in touristy areas because they are counting the total crime of the area, but basing that per 100,000 residents and not including tourists. So, let's say 1500 of x crimes out of 100,000 residents, but maybe many crimes are not happening to the locals and if they included tourists, it might be 1500 of 1,000,000 people, so much less dangerous.
    2
  54106. What?!
    2
  54107. i was looking at moble homes in jersey almost 2k a month with everything that was 1 yr ago
    2
  54108. Look at the bright side. You could have put all your investment money in FTX stocks.
    2
  54109. All those localities raising your tax rates while housing values are skyrocketing is supper sketch if you ask me. I’d be very curious how they need to raise rates when they are already getting more money based on values…
    2
  54110. Dude that is totally f'ing illegal as hell for the realtors and the sellers!
    2
  54111. Thanks Michael 👍
    2
  54112. 20 is a warm summers day here lol, and 30 is the hottest day of the year
    2
  54113. I had to drop you a comment. Love your channel. The meta metaverse idea i believe is the expansion of online activity and video gaming. Old John Madden and the Madden football had a 30 yr run and 7 billion revenue. Fast forward to 2021 the video gaming industry was 180 billion. So add on online shopping and some of these crazy people see money and more money. Maybe wild to think but instead of shopping at Amazon you just pop into Nike's virtual shopping mall and get some sneakers. Or take a spin in a race car or fly on a dragon lol. But I do think reality is 11000 people being paid now to play in the metaverse may be premature. Did you ever think you could put out videos around the world and have so many people love them the way we do? Keep them coming
    2
  54114. If PPP loans can be forgiven, student loans can be forgiven too. Get over it.
    2
  54115. Tampa. The 575 sq unit above me just sold for $175k .... Up from 65k 2 years ago. My 100K unit I purchased in 2020 before the pandemic hit....... is running at around $200 k. I have two mortgage payments left because I bought half of what I could afford. Have had multiple offers to sell without appraisal. Rent in Tampa one bedroom running 1900. No way I will sell any longer without the keys to a new place in my hand. With a place paid off I can afford to overlap housing to protect myself.
    2
  54116. Nice small town tour. I would think you would like the wind or at least a breeze at the beach. That's a plus for cutting the hot humid suppressing stagnant air during the summer.
    2
  54117. I was skeptical about the “home warranty “ route but no more. Went with American Home Warranty…..smart move (in my particular case) In my primary home they have replaced refrigerator ($3k) pool pump ($500) and handled a few various repairs and plumbing issues ( about $1500 combined) ….all in one year! On my rental property they have replaced central A/c unit, refrigerator/ microwave/ in the wall mounted oven and plumbing issues. All together they have repaired/replaced about $38,000 worth of equipment and maintenance while I have spent about $7,000 on contracts with them. Not sure how they stay in business.
    2
  54118. It's going to be harder to buy a home in the future. We will be in a massive epic depression within the next couple of years. Tons of people will lose jobs and lose business.
    2
  54119. 100% facts!!!
    2
  54120. Lmao hot potato 🥔
    2
  54121. Great video Michael Encouraging for people planning on moving to fl As far as Orlando, investment companies are buying up homes there. This is why prices have gone up in Orlando.
    2
  54122. Awesome vid. I'm visiting this afternoon and trying go find an affordable house for my family. Love the historic area but may have to look on the outskirts. Let's see how it goes. As long as I get out of Jax soon!
    2
  54123. Check out Margaritaville in Daytona
    2
  54124. It was never a supply issue. The financial media keeps trying to prop up this housing market with that inaccurate narrative.
    2
  54125. I’m looking forward to your real estate observations in the months ahead. It’s unknown territory. Seeing the same inflated prices here in Massachusetts.
    2
  54126. Thanks for the videos 😊
    2
  54127. If you choose to have kids, you need to work extremely hard. Extremely hard. For many, many years. It is definitely rewarding though!
    2
  54128. Is this a gated community with full time on site security? I don't see any home there that would justify those crazy high prices.
    2
  54129. Estou feliz em ver vocês fazendo vìdeos❤
    2
  54130. great video as always. Question. do you already have any videos talking about upkeep and maintenance concerns with homes in Florida, that someone may not be aware of when moving from another state? For example is it true that the Florida air rusts and damages everything? I don't know if these are just myths or true but I've heard that things on the outside of the homes very quickly rust, But also things on the inside of your house (equipment, electronics) also become damaged if you let the outside air in. Also, do cars die sooner and have more repairs in Florida because of the salty air?
    2
  54131. Hey enjoying your content, are following Fort Myers at all? Wondering what is happening since the hurricane
    2
  54132. in the Bible it reads : build on the rocks not the sand. Unfortunately along the coast everything is build on sand/build on concrete. For you its next door which is scary. Just the thought that people entire families are still buried under the concrete chaos... I pray that they find survivors, and for the family members. You are confined to your floor that high up. Was telling my husband would it be better to be on top than the bottom I don't know... When I go to a hotel I always ask for the highest floor, for the view, not wanting to hear neighbors etc.... after the twin towers came down I changed that idea. Now this even brings it even closer to home being in Florida myself. This situation is horrible. It changed you forever ... I'm sure. The insurance companies are vulturs! Hang in there Michael your gut will lead the way!
    2
  54133. Another gem Michael plus gotta love the walking videos!
    2
  54134. California is the perfect example of how NOT to run a state
    2
  54135. Michael, Biden is making campaign promises he has no authority to fulfill.
    2
  54136. great video, great points
    2
  54137. What about moving to Sicily? Is that an option? Is there any city in Florida that has declared itself a sanctuary city? Does that thought even cross anyone's minds at municipal levels there? We are at war. It's not China, it's not Russia, it's not any country in the Levant. It's here. War has happened here. I stand with Texas.
    2
  54138. It would be great if those accepting an adjustable rate mortgage could hear about it from you. All they get is a sales pitch that, if they walked away from it, they would look like "the bad guy" who couldn't agree with the wonderful future the salesperson was offering them. And about the SAVE program. The Biden administration is implementing a new income-driven repayment (IDR) plan for federal student loans called Saving on a Valuable Education (SAVE).
    2
  54139. I am afraid to get a second remote job because if found out I would be fired with cause and at the very least get a bad reference. My employer is not giving inflation raises to remote employees though and cost of living in a big city like mine is up 25% easily. I feel quiet fired. Things are tight month to month and a few years ago my pay was considered good money.
    2
  54140. REIT’s will finish off the rest of the extra inventory in the coming years. Inflation and prices will not be coming down. If the skyrocketing taxes don’t price most out, the insurance premiums will. It’s not worth it for most.
    2
  54141. New Subscribers😊😊😊
    2
  54142. Jump the fence into Mexico and tell the Mexican Border Patrol that you are seeking asylum from this communist country, known as Biden’s Communist Regime. Demand the same benefits democrats are offering their people.
    2
  54143. Zabdi is just trying to prevent an all out panic.
    2
  54144. Interesting data! Thanks for sharing!
    2
  54145. The prices should have remained low from 2008 to the present had the government not bolstered the housing market. The prices of housing will definitely return to 2012, even 2008 levels. There is just not enough money in the universe for every home value to have doubled in past two years. It was always unsustainable. It was just a matter of how many suckers these home sellers were going to get to buy their overpriced homes. The number of home buyers willing to be house poor is soon approching zero. That's when home prices will plummet.
    2
  54146. you shouldn't be allowed to apply for a credit card until 25 yrs old young ppl have zero education on money management and that's a poor economic cycle on society
    2
  54147. In Miami a lot of agents do not divulge problems with the properties. Which is illegal to not disclose such issues. Friends of mine got a property in Soiuth point and have a lot if vibration issues on their penthouse for the AC units of the building and the neighbors units. The HOA is stating is not their problem when it is, and the broker and seller did not state such problems. LAW SUIT for sure.
    2
  54148. You are very good at what you are doing.
    2
  54149. Great info sir thx
    2
  54150. Yeah! Realtors are gonna quit.
    2
  54151. How much are they paying you to sell EVs?
    2
  54152. Michael!! Your subscribers are growing!! Right on💙💚💗 p.s. I left Lisi's birthday wish on your personal comment pinned at the top of this page 🙂
    2
  54153. If those houses were in Indiana they would probably be the same price😳.And Indiana is not a flashy place.So those are really good priced houses.
    2
  54154. Thanks!
    2
  54155. Gone are the days of 5%, 6%, (or more) listing fees! The future will be 2% to 3% fees. The homeowners (sellers) end up winning in the end!
    2
  54156. 😇Mike B. smiling sunshine state of mind😁🌷
    2
  54157. I miss your walking tours of Miami so much!! It’s so peaceful and relaxing, while educating.
    2
  54158. I just couldn't do it
    2
  54159. For the Post Office its simple to correct, business should receive their mail daily, individuals every other day because the volume is so low now, freeze hiring and slowly implement.
    2
  54160.  @MichaelBordenaro  I wonder that too. I am looking on Zillow right now, mainly at houses in the San Diego area. Seems that some of the housing prices in certain areas of San Diego, are FINALLY starting to level off. You can actually find a very few in the $500,000.00 range. They are small and in dicey areas though.
    2
  54161. 16 mil and that's the best cars they could afford?
    2
  54162. Hello Michael, my wife and I have been enjoying your video presentations for a long time… Question for you: do you think the forecasted drop in purchase price for housing will be as extreme for new construction as for resale’s. We’re looking at some new build homes in central Florida. Regards from nyc! Phil and Pattie.
    2
  54163. the "number" is phoney.
    2
  54164. What do u Do for Health Ins and $$ ?? Nice Sun Dress ? ALOHA😁😁😁😁😁
    2
  54165. home prices in good areas 1 mil here in california , no idea how regular people will be able to afford down payment
    2
  54166. Wow! You are two different people???
    2
  54167. I’m a “fear porn” addict. Rehab is for quitters!
    2
  54168. Ony sell to people on ebay with over 15 feedback . Thats my thouggt
    2
  54169. Figured you 2 would end up meeting up since both in California 😊
    2
  54170. I agree with you Michael. Low rates will not teach financial responsibility, nor induce people to save for those rainy days.
    2
  54171. Always a pleasure to listen to you Mike , btw you have a twin in the metro Detroit area ..keep up the great work ..
    2
  54172. Realizing you are not a financial advisor, what do you think about 6 month US Treasuries as a safe investment during current times?
    2
  54173. Saw it on the news... That's fucking crazy!!! How the hell this happened ! !! How long was the building built??
    2
  54174. Depends on your household size. For my wife and I (we have no kids). It costs us roughly $9,000.00 to move. We hired a moving truck to move the big furniture which costs around $5,000.00 because they weight everything. Then we needed a security deposit for our rent PLUS the first month of rent which was $2,600.00. Then we also rented a U-Haul trailer to tow the remaining items. Factor in gas for two cars for the trip and taking a trip to Florida to locate a place to live......it was pretty expensive. Looking back on it, I have no regrets.
    2
  54175. I live in Miami Dade and my insurance went up $1000 to $7300. I have a four year old roof and impact windows. The price to live in paradise.
    2
  54176. Yes. But it will take time.
    2
  54177. His name is Brian....good honest guy & not common to see these days with all Biden media narratives....good day
    2
  54178. You and Tim Dillon would have one hell of a podcast. Lol
    2
  54179. 😔
    2
  54180. Government testing sheep's how far they can go. I'm glad people start refusing.
    2
  54181. Dude, you hit the nail on the head. Sellers agents (the agent who lists the properties in the MLS) usually just lists the property and waits for the offers to roll in. The sellers agent isn't going to do double the work in a transaction just for their 3% of the commission. The buyer's agent does most of the work in the transaction behind the title agent/title company. These young Gen. Z buyers are in for a rude awakening...
    2
  54182. how disgusting! I’m so sorry!😢
    2
  54183. I would think the whole state of FL is a flood zone, isn't it?
    2
  54184. Nice, my Home Town
    2
  54185. Brother Travis had the same chart....Iron sharpens Iron....😊
    2
  54186. Can anyone tell me what’s the “Orange County” of Florida
    2
  54187. AN EXCELLENT VIDEO!😃😃
    2
  54188.  @MichaelBordenaro  Hey, when are you gonna show us your award from YouTube for making it to 100k subscribers? I was so happy for you. Who else wants to see it?
    2
  54189. Turn the offices into condos and sell your rental single family homes... problem solved for everyone.
    2
  54190.  @MichaelBordenaro  Also, they do not have that bad wood from China I have been hearing about from the 80s. Is this true....something about formaldehyde in the wood. Have you heard about this?
    2
  54191.  @MichaelBordenaro  Oh yes, Michael, you are right! It was the drywall. I saw this about three years ago out here in CA on TV on a program about real estate and thought, "I must remember this if I ever move to Florida!" That is another reason to buy the older properties. They said how people were becoming really ill because of it.
    2
  54192. Happy Thanksgiving, Michael.
    2
  54193. It is not negative or positive, it is reality! Michael is telling us the REALITY of things going on in our nation from his perspective. If that happens to be positive or negative in your view then that is on you. Michael is a realist. I watch Michaels channel to stay informed about what is going on economically. The information he provides helps me make personal and business decisions with my assets, real estate and money. Keep it coming Michael!!
    2
  54194. Why even live there!!
    2
  54195. That Poor Woman give her ur CC and the Jeep and let her SPEND ..V Bernie 😁😁😁😁😁😁
    2
  54196. It is going to get worse as the dollar continues to collapse, Americans continue to have fewer children and the federal government continues to incrementally abolish capitalism.
    2
  54197. Paying $6300 a month on rent is insane. Liberal commie California is definitely in a housing bubble. The state of California definitely needs at least 80% reduction in housing prices.
    2
  54198. We can label SF a buyer's market all day but as long as the majority of that population can't afford a home, then the term only applies to rich people. I think that's where the big disconnect is, labeling housing a condition a "buyer's market" only means something to someone that can afford to be in the game. Otherwise, terms like "crash", "buyer's market" is white noise to most as it isn't relevant to them. If homes that are 2 Million all of the sudden go on the market at 500k, then you can make believers out of the naysayers (I am neutral) but for the majority of the SF Bay Area, first time home buyers are basically screwed.
    2
  54199. I was the Buyer Agent in 1991 that got my buyers a home that had an assumable FHA loan with only "fog on the mirror" qualification. I believe the interest rate was 7.75%. BUT it was a good transaction because the buyer had good income, steady employment and fair credit and they were working on their credit. The buyer DID refinance when rates went down and they could prove a good income stream over a few years and the original borrower was off the hook for this debt. Looking back, A TOTAL MIRACLE! ABSOLUTELY an incredible situation scenario, but I was there and to have that happen again would be a miracle. People don't try to be honorable and take care of their responsibilities like in that situation.
    2
  54200. My family owns a condo unit in one of the buildings seen in this video!
    2
  54201. Excellent Michael! Always right on target with the key issues that affect us all.
    2
  54202. You really believe the “official” inflation rates?? Lol
    2
  54203. Well a bunch of yahoos drove up the prices of cars and houses over the last few years aided by ridiculous amounts of government money. Only way this unwinds is government keeps printing devaluing the debt, or a bunch of people get wiped out. My money is on the wiped out approach.
    2
  54204. My 57.00 haircut is now 75.00
    2
  54205. Thank you, Michael, you are correct on all points. Asset values were inflated for 20 years.
    2
  54206. Congrats! You are Awesome!!!
    2
  54207. Thank you Michael 👍😊
    2
  54208. Hey Michael is there still places like the one u showed for sale in that area for that price range. If there is let me know. I would love to see them. Im here in MIami. Thank u brotha
    2
  54209. So what's the deal u moving to Cali or not haha. I saw ur early videos and I was just like u I'm from Jacksonville fl and I was going to move to NY or Cali in the 90s I moved to New York and left as soon as I could. I think you both would do well here lol . Liz can find many dog walking setting work. Ots was ir dream u only live once. Go for it!.
    2
  54210. I heard of one young woman, graduated with $150,000 in student loan debt. Has a degree in philosophy.
    2
  54211. On the money! If only people would listen!
    2
  54212. Rent is high here but we can't get approved for a decent amount to buy anything so we will wait until 2024 or something.
    2
  54213. things were so bad in the 80s and earlier that you had to lay away stuff. today that extra tv for the kid is a couple hundred dollars or a day of pay. you probably have 5 of them in your house. today there isn't much at Walmart you would need to lay away. just another example of how easy things are now. that $400 vcr you had to lay away in 1985 was 100 hours of entry level labor.
    2
  54214. Walking around beautiful Florida, talking real estate, you have the life!
    2
  54215. legally the company is correct, just has never been enforced. now they are enforcing it bc they need the company. the employee signed the contract with a service commitment
    2
  54216. Suburban sprawl is a big problem. High taxes, and choking ttaffic are not great. The way cities were built since the 40s was a misallocation of resources.
    2
  54217. It is a joy listening to you sharing wisdom
    2
  54218. Smoking and vaping can lead to high medical costs besides the actual cost of cigarettes, etc.
    2
  54219. Simple solution, Bring a Physical cashiers check obtained direct from your bank and taken directly by you to the Escrow Agt/Co.
    2
  54220. There is not going to be any new stimulus money...ain't gonna happen!!
    2
  54221. Damn all these houses are still overpriced
    2
  54222. Great podcast self education is priceless
    2
  54223. I have been obsessively researching where we're going to live when we move down. Initially, Daytona was on my list, but after watching several videos that showed the ins and outs, I felt it reminded me too much of Coney Island in Brooklyn. And that is not a good thing at all. It doesn't look tropical, clean beachy. It looks kinda bootleg, and ghetto, so I moved on to other areas. Now I don't know what to think. Lol
    2
  54224. I have family in okc but I really want to move somewhere outdoorsy but I’m scared to move far from family
    2
  54225. Or governments could just authorized manufactured housing: quick, cheap, WAY more affordable.
    2
  54226. The trees with no leaves are the favorite food of the invasive iguanas. The trees have thrived here in South florida until the iguana explosion. If you look hard enough you might see them. They live in the branches of the trees well camouflaged
    2
  54227. Now you have high HOA ,taxes ,mortgage plus all the reasonability's comes with the building repairs and the condo, so buckle up!!!! How much did you put down payment?
    2
  54228. nice dash cam/good for you, great quality, like it. nice ride along, viewing from nys, much appreciated - thx so much!
    2
  54229. 4:30 next couple of months my dear. I can't wait for it.
    2
  54230. Relaxing credit standards is Crazy! People will walk in a millisecond when they realize they are upside down on their value and have high int. rate payments.
    2
  54231. Good advice at the end. I got my two degrees and now have a solid job. It took 5 years to get my B.S. done, entered job market in 2012 unemployed until 2013. Got my $15/hr temp job, went back to school for a M.S. in 2015 while working graveyard. My B.S. was paid by myself and financial aide, and my M.S. paid by my employer. MANY PEOPLE could not do it because they do not want to. It was meaningful to me so I went and invested more of my life for education. I would go back and do it again if I did not have to pay the $30-50k/year price tag. It took all this effort on my part postponing wealth, car, home, enjoyment to understand that college is not necessary for everyone. Those who go, great and its necessary for our society overall. For those that dont, good, goodluck, and thanks for doing the jobs I dont want to do. We need both kinds of people, but the education system in this country is corrupt and trash like the way our government is ran.
    2
  54232. I can feel the humidity thru the screen
    2
  54233. D.C. District of Criminals. Government is the root of ALL problems in the world.
    2
  54234. Nice. I'll be looking at a lot of houses in 2023.
    2
  54235. Very educational regarding insurance 🤔
    2
  54236. Businesses don’t lay off people when business is good , they hire people. They’re laying people off , because they need to bring in profits and/or they’re planning and saving money to expand in the future, and trying to ensure competitors won’t put them out of business. As you said Michael, firing employees is the fastest way for a company to save money. Just saw today CBS news clip that NY is now turning commercial real estate into residential apartments, and on a Vancouver news clip I saw that people are desperately trying to sell short term rentals . Went to the bank, the teller asked if I had a credit card, I said “yeah, and I don’t need another one, but thank you” , and he says “ oh, no, we’re not offering a credit card, but we are offering a balance transfer and can offer a good rate . Do you know what your rate is ? “ Banks are trying what they can to get folks to deposit money whether it’s ‘high’ rate CD’s , or now balance transfers .
    2
  54237. This market makes me sick!
    2
  54238. Michael- was this North Beach???
    2
  54239. I'm with you Michael!
    2
  54240. The most profitable industry right now is credit lending. It has exceed all real goods in the market. Many companies make more money off financing than the actual products they make. Financing though doesn’t increase real output, which means it always will cause an asset bubble, i.e. inflation.
    2
  54241. I watched 1 video. Of yours And you talked about how the mobile home parks were raising their prices. I know people that own. Own mobile home parks. After 20 or 30 years. All the pipes and infrastructure is rotten and needs to be replaced. The roads, the pipes all of it just gets rotten. It costs a lot more to reconstruct now than it did a long time ago. It's sad they have to raise their prices, but what are you gonna do? If costs are way up, it puts you right in. If you don't raise prices you. BM bankruptcy.. People might understand that. I think you leave a lot of information out, it's one-sided.
    2
  54242. you're becoming the can't miss channel!
    2
  54243. Hi, Michael! Hello from Naples, Florida. Bonita Beach is very nice. Downtown Historic Bonita Springs is great too....so peaceful by the Imperial River. Thanks for the video We enjoyed watching!!
    2
  54244.  @MichaelBordenaro  We used to live in the Boca Raton area, then moved to North Carolina for a few years and missed Florida and the beaches. Moved to Naples 5 years ago and love it!
    2
  54245. Michael so glad I ran across your channel. I think you are giving straight up GOOD info. And I agree with about the co-signing, insurance, solar panels. I’ve been giving everyone links to you. If someone I know wants to move down. Here listen to this guy! 🤣 Plus on other channels, I tell them hey go listen to this guy. Very good vid today! 👍 Thanks for being real !
    2
  54246. Companies like Blackrock operate in a anti-competitive manner. They distort the value that would normally happen in a true free market. This is precisely what government oversite is suppose to protect the market from, yet they do nothing.
    2
  54247. It's true, they can take it ALL.
    2
  54248. I like Subway!
    2
  54249. ... and another way of supporting the channel is of course by participating actively in the comments field ...
    2
  54250. A home warranty is absolutely worth every penny
    2
  54251. Thanks Michael 👍
    2
  54252. Can’t wait for your traveling videos.
    2
  54253. Gas is below $3 here in MN. It's looking inflation and other issues will not give us bonuses this year again.
    2
  54254. Do you know about Houston? Is it still affordable? I remember hearing that you can find an amazing HOUSE for a very low rent and low home buying options.
    2
  54255. 75% of homeless people are drug addicts. Shelters don't allow any drug use. Once drugs (especially opiates) get their hooks into you, getting your next fix is more important than shelter. Some states have had success arresting drug addicts and keeping them in rehab until they are clean. At least that gives them a chance to get their lives back.
    2
  54256. Making more money now with no kids so it’s different
    2
  54257. Yay congrats my friend
    2
  54258. I'm sorry Micheal but you were being way too complimentary of California. I have lived here most of my life. Only a tourist eats along the Sunset Strip. That food is over priced and terrible. You are gambling with your stomach if you eat it anywhee there unless ofcourse you are prepared to pay serious bucks for a clean but nothing special meal. Also, our beaches are toilets! As for the lecture on homelessness in L.A., consider that a cautionary tale for what could happen in Miami. Most of what you see today has only developed since the current Mayor came to office. This is a one party State and anything goes. Thanks for trying to be nice about California but those of us here already know its a toilet.
    2
  54259. Or they are Sam Bankrupt Fraud, of FTX fame! Create FAKE $ out of Thin Air!
    2
  54260. How is it that insurance companies sharing information isn't anti-trust behavior?
    2
  54261. All that is happen is a repeat of the seventies I remember not havingoney for food and you neighborhood groceries store would give you a tab and you would hon pay day
    2
  54262. Thanks for working together! It's always a pleasure seeing two great minds hard at work. Travis, your hair looks great just like Michael's!
    2
  54263. Thanks for the video Michael
    2
  54264. Financial education is too advanced for her, she need to go back to elementary school and get her algebra right first
    2
  54265. inflation is down, now we can buy that timeshare in boca raton.
    2
  54266. If the china mortgage problem gets bad enough it should cause the homes in America to crash.
    2
  54267. Have you seen what’s been going on in California and New York? They arent stealing out of desperation but because DAs are not prosecuting for theft.
    2
  54268. Good. My state is a mess. Thst is the cycle move somewhere, screw it up, move on. I do not wnt them back. I would rather live in the arctic.
    2
  54269. 👍
    2
  54270. Dang bro, you got some beautiful eyes! I don’t think I ever noticed that.
    2
  54271. More hot chicks in the videos!!!!!! JK, I just recently tripped over your channel and I love the format. Please keep them coming even if you can't get the eye candy to walk with you.
    2
  54272. Rent control doesn't work. Look at st Paul and NY. New supply stops being built and existing inventory falls apart
    2
  54273. Happy anniversary! 🎉
    2
  54274. Ft Lauderdale or Coral Springs? You never mentioned those?
    2
  54275. Michael Bordenaro 😉✌🏽....true lol...It’s a good video, I just love Ft. Lauderdale...
    2
  54276. You’re inspiring me to finally take that trip out to the desert!! Been on my list for a long time. Looks gorgeous out there.
    2
  54277. Lol
    2
  54278. You are not considering the lack of supply
    2
  54279. if you make that much you are going to be taxed also so on top of that omg yeah a crash is going to happen no doubt 🧐
    2
  54280. All we have is now
    2
  54281. I like your channel but you are incorrect. Credit cards are NOT always a bad thing. It's all about how you manage them. For example, I use them...at 0% interest (and while earning points)...to make certain investments that yield much more than 0%. Meanwhile, the interest-free minimum payments I make, while doing so, are tiny by comparison to what I earn by using them. I can pay them off any time I want but it makes no sense to do it for as long as they are 0%.
    2
  54282. They’ll wait to raise the rates until (if) Trump is elected
    2
  54283. Endless fiat currency printing means endless inflation. Simple! What debt? Private profit, public debt! CMBS products are fraudulent? You don't say!
    2
  54284. Adjustable’s are ok if you understand them. If you have a stable job with a upside potential of earning more, their not bad. If you cannot pay the increase if it should happen, don’t get involved. In the meantime, renting is not bad. I don’t like variables for owner occupied. However, I have three (3) older variables and their caps aren’t bad. It has been no problem paying the higher payment when rates go up. I do have sufficient reserves on hand. If you are putting everything you have as your down payment with no cash reserves, be careful with variables. Again, renting and saving some money, is not so bad. Live within your means. Perhaps live in a smaller home as starter then gradually move to the larger home.
    2
  54285. All this is happening because all the money spent on stimulus went to the housing market instead of production of good and services.
    2
  54286. Welcome to the Bay!
    2
  54287. I think we just need to give Ukraine a trillion dollars. Been working so far.
    2
  54288. nice walk always enjoy it . can you show us the property tax bill on the listings .
    2
  54289. I agree. A reset, at least in the hard hit areas, is the most likely Ian aftermath. You said you were doing this video from Bell Harbor. Is that the same as the exclusive Bal Harbor? I ask because I don't know the Miami area. And where do your condo, Miami or Miami Beach? If I recall, your condo is lovely, and very close to the beach too. Thanks, and best wishes for continued success.
    2
  54290. Just wish I did it (planned) more often than I actually do. There's always an abundance to do and take in. Doing the whole peninsula definitely gets gargantuan fast. I tried that with the entire globe, but yeah, now Bilbo wants to settle down. But I know that won't happen 😁 Time to ramble on 🎶🎵
    2
  54291. So they are considered chattel like a car so you don't pay tax like you do on other things because it's one square foot less than the requirements
    2
  54292. Notice the cars in the driveways in Illinois. No Bentley's / no Porsche's / no Mercedes Benz / no Lexus vehicles I saw ! Nice contrast to Miami. So its actually not a Gloom & Doom video but Michael always is able to find the dark clouds ! ⛈🌧Oh I saw a video from another Florida YouTuber talking about Citizens Insurance sending out Depopulation letters to the people who have policies with them. They are demanding the property owners to do a bunch of repairs or get another Insurer which will increase your costs 20%. Florida property owners just can't win. 😵Florida Insurer Citizens is not solvent !
    2
  54293. People in my area are definitely still trying to squeeze everything they can out of their listing (Dallas), but I really think that within the year, it’s all gonna drop and stay that way for a bit…
    2
  54294. I'm from the government and I'm here to help you😂
    2
  54295. Shakey ground worse than 2008.
    2
  54296. You are full of such good information. As an aside, you may want to wear a sun shirt when you're out walking. Sorry, as someone who lives in Hawaii, I am always telling my husband this. lol.
    2
  54297. Most people are still spending, do you see anyone buying less gas? No. Did you not hear 4 days of fireworks even though they've tripled in price? People complain about prices while consuming the same or more than before.
    2
  54298. Michael, I know car insurance rates are determined by zip code, as is health insurance. But it seems HO insurance is not by zip, otherwise hurricanes hitting Tampa would not impact rates in Dade or Broward.
    2
  54299. like the long videos, enjoy every minute (except anything about the potential of crypto)
    2
  54300. It's NOT MAKING SENSE? Open door and the likes are still buying everything they can get their hands on. Paying Top dollar as we discuss a market crash. What do THEY know that we don't? Perhaps nesara/gesara NATIONAL ECONOMIC SECURITY and recovery act is true. All debts cancelled! All mortgage debts forgiven because fraudulent banking practices.
    2
  54301. Been there and will never go back
    2
  54302. All these people stretching their income to buy these crazy expensive homes. What happens if there is a recession and their income shrinks? Oops!
    2
  54303. Ick comifornia, rather you shoot video from coastal Mexico.
    2
  54304. Interest rate hikes take years to have an real effect on an out of control economy and crazy Govt spending. Just look at how long it took Reagan to clean up Carter's mess it was 1985-86 till things got back to normal?
    2
  54305. McDonald is died to me. I stopped going there almost 2 years ago 😢
    2
  54306. I think you are 100% right about what is coming, Michael! Great video!!!
    2
  54307.  @MichaelBordenaro  I know you will. You are an honest guy.
    2
  54308. And I am sitting here eating my yogurt that appears to be a half filled cup from the usual portion… waiting for the housing market to shrink in price.
    2
  54309. #1 reason is people have no idea about Florida.
    2
  54310. Another great video thanks Michael 😊 👍
    2
  54311. I thought it was funny how many Teslas where in driveways in the background of your walk while you were talking about them. Having a level 2 charger at home (or in your apartment complex) is obviously critical to own any electric car.
    2
  54312.  @MichaelBordenaro You have artistic personality. You like to play guitar. You like to enjoy the moment. Today real estate agents not only work 24/7. Now agents form teams and have new agents work as telemarketers. The new agents work full time for peanuts with no benefits, they are unemployed, independent contractors. It's not easy to compete with organized teams. I am on your side. It's better to inform customers of the existing problems instead of puffering or misleading. Working solo you have better chances of finding loyal customers by disclosing the truth?
    2
  54313.  @MichaelBordenaro  The irony is that many people moving down to Florida believe that real estate sales is a great source of income. You are a realtor with ten years of experience in Miami. You know how difficult it is to compete with over 200 thousand active agents. According to Google the total number of Florida licenced agents including inactive agents is 5 million. There are not too many professions like that. What other profession does not pay a salary, does not guarantee even a national minimum income and charges for: fees, training costs and also takes away a share of your commission when you finally make a sale?
    2
  54314. You just described Sacramento Ca , only difference Sac is missing the Hurricane, Humidity, and Alligators
    2
  54315.  @MichaelBordenaro  In order to pass the exam the candidates need to answer 75 multiple choice questions out of a 100. It sounds a lot worse when you say they are allowed to fail 25 out of a 100. The irony again is that the foreigners that don't speak English (or the local version of English language) pass the test on the first approach with no effort, while the local people with all their language skills fail on the first approach. Sometimes they take a second and third approach with mixed results. I don't understand it. Why do the foreigners pass the test and the local candidates fail? I also noticed that people from foreign countries have unique advantage in sales. They apparently speak their native language and they may have a niche market. A real estate agent fluent in Spanish language and speaking basic English may have a better start in Miami real estate business than the local agents fluent in English. Do you agree?
    2
  54316. How can the Forward party not be a democrat party if it's started by a democrat?
    2
  54317. My Father never helped Me financially same as Him coming from Europe at the end of WW11 but now I just Inherited 400 K and it's a Headache.
    2
  54318. Biden hired 87,000 IRS agents to bust PPP fraudulent charges and bust YouTubers and EBAY sellers, because he needs the money to send to Ukraine as the 1 TRILLION DOLLAR Zelenski blackmail fee from the Biden family.
    2
  54319. If you can, refinance a 30 year mortgage to a 15 year.
    2
  54320. Colorado has 300 days of sunshine sorry buddy
    2
  54321. People who are complaining that their income is low or they deserve higher salary, they should create more value in the market. Update yourself with high income skills to be able to create more value into the market place to be paid well. a fellow creator,.,..,.,
    2
  54322. Buckle up. 2023-2025 will be 3 years of recession.
    2
  54323. Michael I just gave a 24,000 and an 36,000 home insurance quote to an insured last month and they started crying on the phone! This was in CA. It is horrible there. Due to the wildfire zonings.
    2
  54324. The house prices need to go back down to at least the 2012 levels. The Fed’s qt policy will make it happen by 2023. Even if one can afford to buy something right now, why would they?
    2
  54325. I've seen one too when I was visiting!
    2
  54326. Define deferred maintenance? That right there sounds a little shady and I'm sure there's something real shady about it that needs to be looked into. I don't see how this can be legal at all
    2
  54327.  @MichaelBordenaro  What is the logic of paying a house cash? Take a $350,000 home at 6% mortgage, after 30 years it has cost you $318,000 in interest. Invest the same $350,000 over 30 years with a return of 6% and you end up with 1.1 million. Even living through a stock market crash or two over a 30 year period you would come out way richer it seems to me.
    2
  54328. The events of 2020 all led to this, playing out just as the powers that be wanted. Covid did its job. Wiped out jobs, kicked people out of their homes. All for this.
    2
  54329. Here comes rents up. With this going on with the property taxes on houses..
    2
  54330.  @MichaelBordenaro  why only another year? What will change in a year? Will US Government pay off (or reduce) the debt within a year?
    2
  54331.  @MichaelBordenaro  I do not think the government is even trying to pay off the debt. The debt is only going up. (or am I missing something?) I do not see the reason to believe that the next year will be any different.
    2
  54332.  @MichaelBordenaro  I believe you can buy the product and do it yourself. If I get my condo in Panama City, I plan to get it because it takes the frizzes out.
    2
  54333. I don't know the future so I made sure to buy a house that I can pay off (possibly) in 5 years, I can't believe the majority is comfortable with a 30 year mortgage, a lot of "negatives" can happen in 30 years.
    2
  54334. How much is homeowners insurance in florida?
    2
  54335. I just don’t understand how people take out a ARM! The first thing i would want is a fixed rate definitely in this inflationary environment. Hopefully rates go back down but I doubt we will ever see 2% rates again !
    2
  54336. I have patience, but my money is running out every month that I wait.
    2
  54337. so i ordered a statue on amazon that usually sells for anywhere from $200-600 but the price when i went back and checked it was $50 and is being sold from xian china, but it was the real product link
    2
  54338. Any particulars on advantages / disadvantages of buying physical gold vs gold ETF like GLD or IAU?
    2
  54339. The same here is St. Petersburg is so creazy. Im a local, and I can not afford it, and the traffic is ridiculous .
    2
  54340. One of your best videos ever
    2
  54341. Thank you for sharing this video with us my friend...Cheer!! 🥰🥰🥰
    2
  54342. Musk probably pays more taxes than the whole country Uganda. Not a good example.
    2
  54343.  @MichaelBordenaro  hey Michael if you live in a hoa gated or non gated and you are renting your single family home with no lease restrictions do the hoa still do there research on that tenant whos renting your house?
    2
  54344. Got those payday loans working at the Shack
    2
  54345. The beard is lookin good….
    2
  54346. Regarding the time saving aspect; I wonder how many of those people who say they don't want to spend the time maintaining their home instead waste their time playing computer games or watching sports on TV ... The fact of the matter is that it's all about attitude. Swap the word "maintenance" for "care" and all of a sudden you are "taking care" of a place and a space that you have created for you and your dear ones. Do not underestimate the value of creating and having your own, private space to feel good in. It's not all value that can be measured in $$$
    2
  54347. The answer to everything is more money in politician pockets.😂
    2
  54348.  @MichaelBordenaro  Boy, ya got that right!
    2
  54349. Hold it, let me get this straight, you like Daytona but but do not like New Smyrna? New Smyrna must’ve been having a really bad day when you visited. Port Orange is a nice area right between Daytona and new Smyrna. You can have the best of both worlds!
    2
  54350. One lunch out at mcdonalds for the family = 1 ounce of silver😮
    2
  54351. You're growing fast my guy!
    2
  54352. Interest rates will also never be as high as they historically were. A bad rate today was a good rate back then. Baby boomers talking about back in their day like that’s gunna happen again but it’s not. We’re never seeing 15% again lol just never gunna happen in this economy/market. It’s a totally different world than the 70s/80s etc. We may see rates go a little higher but they’re gunna stay sub 10 and then go back down again as they always fluctuate
    2
  54353. So you're saying YouTube doesn't send you a W-2 form?
    2
  54354. Michael and one other investor I follow really helped me understand and get out of the mentality that owning a house is better than renting. It just makes so much more sense now. Thank you.
    2
  54355. i think the only people buying right now are old rich people or high income young people. you can do conventional loans with self employed, but something about your situation didn't follow conventional finances. probably did bank statement loan for your business.
    2
  54356. Why don't u do a Local 1 day seminar. In 1982 I went to one a 2 day $300 he had 1,000 people($300K)..He also had an investment club $50 per year all he did was put people in the Same Room.IF u had no help he had his people u could use a good system... He was like me I want Everyone to Make Money and be Happy 😁😁😁😁..ALOHA
    2
  54357. Thanks Michael. You always give us something to think about.
    2
  54358. Hey Michael, do you have any videos (like this) for Tampa, or anywhere on the west coast of Florida (ie., Clearwater and up)?
    2
  54359. They system is designed to keep people broke and dependent on an employer. Fallow Michael’s advice and you’ll beat the system. Keep learning and you’ll get better at it! Employers benefit from republicans and democrats in different forms. Over spending and becoming dependent on an employer takes away your freedom. They can look in the parking lot and know who they can take advantage of. They can look at your marital status and know who isn’t going to leave so quickly. They benefit when you can barely pay rent or if they know you have a house. I’ve seen some employees go through stuff or work at a job they don’t like because their money isn’t right, they have a lot of bills, or they took a pay cut/furlough. In some cases, because their money isn’t right, they lost the power to say “no”. Living low cost and investing creates freedom and peace of mind. The employee market is going to end employers will have power again. The past few years have been amazing for the employees who made career change to better their lives. I’ve made a change and I now have Experience in 3 trades and will learn another one. Also planning on maintaining all of my certifications.
    2
  54360. You should use absolute numbers not percentages. Even 39% increase is next to nothing. Records low foreclosure rates for the past two years. 39% off the basement isn’t very far.
    2
  54361. Thanks man.
    2
  54362.  @MichaelBordenaro  what about some of the over 55 communities? Have they gone up as much?
    2
  54363.  @MichaelBordenaro  ok! I was hoping to keep my condo, but maybe buy a small place in one of those communities and collect rent as a supplement. I'm kinda hoping for the market to go way down though.
    2
  54364. shout out to your wife for being loyal
    2
  54365. I don't completely agree. About 4.5 EV cars sold in the US & EU last year. This number may not increase rapidly going forward but it will stay in that range in the coming years.
    2
  54366.  @MichaelBordenaro  I agree. I don't own an EV car. My choice is still an ICE!
    2
  54367. You are 1000% CORRECT. I LISTED ONE LAST TUESDAY AND OFFERED WAS ACCEPTED TWO DAYS LATER.
    2
  54368. Prices are going up, wages aren't... I already barely spend money, i get like 2 haircuts a year, i buy bulk, only buy things on sale, i go see maybe 1 movie a year, not every year... i don't see, at all, that people are spending more money on frivolous things, the opposite is what i see, people saying "i know why I'm going broke" and cut things like fast food and expensive clothes. AI increases productivity, but it also puts a bunch of people out of work... does the fact that fewer people can then buy things matter? At what point will the loss of people with money make that increase in productivity a bad thing?
    2
  54369. I want to sell but they aren't lining up to pay 750k.
    2
  54370. Are there some hotels (not too expensive) on the beach (or within a few blocks of the beach) in North Beach? I used to go to South Beach for vacation but I want a change--something less wild. Thanks!
    2
  54371. Uuuugh. Looking at houses today... And man oh man its slim pickens
    2
  54372. they got to be kidding right? write less checks?
    2
  54373. Drug addicts love these kind of loans. People wishing for $200k. I'm wishing for 2009-2011 prices of $80-120k
    2
  54374. What kind of sunglasses are those? Looking good. Thanks
    2
  54375. Hi Michael. I'm considering moving to the Orlando area. Since you live in Florida, what are your thoughts on Hurricanes damaging/destroying your house? I hear they're getting worse every year and moving stronger further inland. Your thoughts?
    2
  54376. Thanks for sharing. I have a condo in Alameda county and I didn’t know they passed a law like that. This is insane.😢
    2
  54377. Congrats on 100k, Michael. You're crusing to 1 million. Great job!
    2
  54378. I'm gonna be paycheck to paycheck for a bit cause I just got 200 oz more of silver 😊
    2
  54379. thanks for keeping it real Michael
    2
  54380. I never knew the trend for Midwesterners and New Englanders moving to the west and exact coast. That's funny because as a current Indiana resident, I want to move the Southwest Florida. Mainly because I love the area (especially Naples and Sarasota). Love having sunsets over the water. Of course, applying to mostly all of South Florida, it is warm and I love palm trees.
    2
  54381. Those who can't take it will not make it. Please keep up the good work.
    2
  54382. Your right on the mark Michael
    2
  54383. Mike!
    2
  54384. I had a ballon Mortgage it started at 3% but year to year it went up fast. It gave me time to sell. But, To buy now makes no sense to have a balloon mortgage because rates are too high and may not be going down? You have to refinance or pay it offer Sell in 5 years:hand-orange-covering-eyes: So If they just bought a House it makes no sense!
    2
  54385. Michael, believe it or not tracker mortgages is as good as it's gets, not available in Ireland since the GFC, the banks claimed then they were loosing money on the tracker, as they borrow short and lend long, typically the trackers back then was ECB rate plus 0.5. - 2.0%,
    2
  54386. The best time to make the biggest impact professionally or for your business is during a recession. What I mean is: stepping outside your comfort zone and showing calm confidence. You will stand out, and people will like you more, trust you more, especially if they are anxious, afraid, and stressed because of the present market situation.
    2
  54387. We have been told that WE need to spend to keep the economy going. That's a lie. It only keeps the rich get richer.
    2
  54388. Michael, I wonder if this also reduces rent prices. Or do these post-pandemic rental prices stick?
    2
  54389.  @MichaelBordenaro  I'll stick around for maybe a Cat 1 or 2. A major hurricane and I will check to see how close the eyewall is coming to my area and if the Weather Channel crew decides to show up I'll head to their hotel because they never get blown away. It has been since 2004 since we had one go over downtown so might be due again.
    2
  54390.  @MichaelBordenaro  Yeah, I live in Punta Gorda and part of downtown is still empty because of Charley, which was originally predicted to pass us by but did a right turn. Consequently I keep an eye on any storm heading anywhere near Florida and a go bag ready. Oddly Irma only took out a solar light I had on a post in the backyard but my neighbor lost half his lanai roof. Storms do weird things.
    2
  54391. AMAZING !!! EVERGRAND BANKRUPTCY, CONTRY GARDEN stock worthless on the brink of BANKRUPTCY, they call it A CRASH.. WE call it different. ???
    2
  54392. Where are the AI boyfriends? LOL
    2
  54393. HOA? Cant really compare without knowing how much is HOA fee.
    2
  54394. These are all 1 bedroom. Is that all whats available on or close to the beach?
    2
  54395. Workers comp is expensive, business liability insurance went up fml!
    2
  54396. I heard 600k and you rent the land. Last I knew they were sold out unless there is a 2nd phase.
    2
  54397. I enjoy reading the comments on this channel. I feel like this is the last haven for interesting insight from real people not just a flood of repetitive comments from fake Bots .
    2
  54398. This video is Michael scouting out great spots to dump a body! And no, it isn't the people fault, it's the damn computers! Say I know a thousand people. Two of them are legitimately billionairs, and five others have a hundred million plus. They are the beneficiaries of computing, and the other nine hundred or so are fucked and out of luck due to the fact that computers are efficiency machines which destroy jobs, and greater efficiency also means less value falling between the cracks, or in over the transom, or off the back of the truck, or whatever expression one might choose to invoke. We are clearly and obviously heading to full automation as in no jobs. So, Michael, let us be reluctant to blame the victims of a forty-plus year full frontal assault on the value of humans, favoring instead some abstact notion of humanity with at the same time no practical limitation on a technocrat's ability to devour and consume the old world, supplanting it with software. I truly feel for parents. Because in twenty years their kids are going to be papering Google with reumes trying to land the final job, the overnight janitorial position, fighting it with millions of others for the honor of polishing the big machine.
    2
  54399. The Fed would not lie to us. Haha. Nice haircut! Mullet do is so out. Rock on real estate warrior 😎
    2
  54400. Hi Michael , jodonzi here on miami beach (sofi). I was in single family construction my whole working life. The "ORIGINAL SIN" of the construction industry is "Ferrous Metallic Rebar is NOT compatible with Concrete over the long run . This is widely known in the Architectual , Engineering , & Construction industries forever. The issue is simply that concrete is somewhat porous and steel rebar when exposed to moisture oxidizes (rusts). Rebar when it oxidizes expands and eventually cracks the supporting column , span , footing and / or foundation. There is really NO WAY to stop this process on concrete embedded with structural rebar and exposed to exterior damp or wet conditions. Sorry to post this opinion on your channel. A solution is being used in modern construction which is GRAPHITE REBAR , which does not oxidize - and is also lighter and stronger than steel rebar. Buildings on the ocean or bay and over 40 years are nearing the end of their safe useful life. This truth is not welcome by anybody at any level and will continue to be hidden. Older buildings suffering from spalling should be demolished and rebuilt to modern specifications and away from known or anticipated flood zones. Prayers to families and friends of the victims of the Champlain Towers tragedy. Cheers from joey d. , sofi , miami beach
    2
  54401.  @MichaelBordenaro  Yes Michael , thanks for your thoughtful reply. Condo and Co-op owners are loath to spend 100 dollars on a special assessment for concrete restoration , while simultaneously wearing a $100,000 Rolex & driving around in a brand new Bentley. When I was building homes on Long Island , many times a potential customer would say "I decided to buy a classic house that was built in the 1950's". Immediately I knew that the electrical system would not meet current codes , that all the cast iron drainage / heating pipes were close to rusting out , that the copper water mains would be failing soon , that all the original plaster and stucco would have been skim coated to hide all the stress cracks , and Michael this list goes on and on. 50+ year old multi family buildings are not different , everything we use in constructing a building has a specific and limited useful life - and the older the building the shorter that life will be. Believe it or not "most often a tear down is cheaper (and much safer) than a properly done restoration. Warmest regards from Euclid Avenue , joe donzi :-)
    2
  54402. That Florida weather.
    2
  54403. Wow, so expensive for the location. The a/c is in the closet right in the unit? Beautiful views but so not worth the money IMO.
    2
  54404. Good job!
    2
  54405. I just bought a 1 bed condo in downtown Miami for $890,000 and the HOA fee is only $1050 a month. I had to go over asking price by $90,000 to get this gem!
    2
  54406.  @MichaelBordenaro  That's your way to 100K People will see -pros and cons -how to find good area -the future of florida -florida vs (other states) This is the key for you to reach your goal 100k in 2021:)) And maybe one day you can make a personal YouTube channel about your life:))
    2
  54407. many depend on Lyft but many drivers are quitting gas tooooo high low pay . maint costs
    2
  54408. I think there are too many uninsured people driving. The increase started in 2021? Hmmm
    2
  54409. Hi Michael yes my Amazon Prime credit card was just cancelled because I wasn't using it!...
    2
  54410. Hi Michael 🥰 thank you for the information, sad to hear because the way it looks only the wealthy or the very wealthy will be enjoying the benefits of living in a house. I hope the Government steps in and makes some changes in the way people can price their homes. Also, the way these banks do business and make them much more liable for discriminating against families who are trying to obtain a home. 🥰
    2
  54411. So true!
    2
  54412. Still can’t afford in Francisco😱😱😱
    2
  54413. I don't need a 15 to 30 year sentence....
    2
  54414. This has a lot of resemblance to the last boom. People were cashing out on the enormous equities on their homes and buying new cars, boats, toys. Then the crash came and quite a few people went into reverse and lost their homes. Young investors argue with me on the idea of another crash. They feel that was a different crash and this will not happen in the present situation. I disagree, plus I'm sitting with these young adults in their thirties that were in high school during the last crash and thinking "you weren't even a part of this world during the last crash!".
    2
  54415. Lots of people will go under. It’s just unfortunate
    2
  54416. Michael, it's "Lo Siento" learn some espanol bro :)
    2
  54417. Nope.....TAXES are permanent!
    2
  54418. Where is the link for moving to Florida?
    2
  54419. Michael, Are these TEXT ME replies real or someone hacked in?
    2
  54420. I have a thyroid problem ( hyperthyroidism/graves) and I burn up from the inside out and the weather doesn’t help that’s why I stay inside but working at a Publix grocery store and I’m the only one getting carts I’ve almost passed out many times the seven years I’ve worked there. I lived in northern Indiana I miss the snow and negative temperatures that’s why I go to Chicago every year in January or February I rather be in the cold I’m much happier in Chicago and being in Florida I’m too depressed and people here don’t help because they’re rude.
    2
  54421. OMG! You took off the glasses…
    2
  54422. That is exactly where we need to go, 2012 adjusted for inflation and it may even be worse because the annual inflation rate of 7 to 8 percent will further force the values down even more......realtors better lawyer up ifbthey did not insist on home inspection, this is where the lawsuits will focus on........Oh Happy New Year to you and your wife 🥳
    2
  54423. Sounds like we’re in for a bumpy ride! Thanks for the great video!
    2
  54424. I wish you might do an update... I am wanting to move to Fl. I will have 2 cats & me. Right now saving/attracting $$$. I would like to be near a beach [ the place for my cats to be able to go outside}. I prefer a neighborhood rather than an Up-rise style. I am more natural and a kinda bohemian style. I use to like perhaps elegant and that is so very nice of course... but I would be happy with a Tiny House with a bath tube & outside shower... I am an artist; a oracle card reader and an energy healer. I was a trained actor and may return to small theater? but definitely would consider also writing again and perhaps screenplays BUT my overall thing is to help folks with energy & informations and delight so my art, cards, and quantum healing is key---- MY aunt lives in Boca Raton. I have some cousins around south Florida. My aunt is allergic to cats so we are not a fit even for a temporary stay to figure the logistics out... MY mother is in Rehab there. So I am gonna be on my own as I go--- I think I got "afraid" of the rents you know just adventuring out--- but something good will happen... I had thought of Stuart Florida [ i was there once and the dwontown is nice]. & Smyrna Beach...thanks for your report. You are right. Lots of internet info but hardly any real reporting of a location. TY
    2
  54425. Video quality is excellent.
    2
  54426. Trigger words to play both sides of the fence. "Unlikely, probably no, gut feeling, maybe, I think, potentially" .........man nobody knows.
    2
  54427. Dunedin is a great little town!
    2
  54428. did they mean 80k between 2 people 🤔 as a young person just entering work field I only make 45k before taxes and there is no a penny can be saved between 2000$ rent and 1000 in child care
    2
  54429. Love yor videos bro and love reading the comment section. What's up with all the crypto and Amazon spam stuff? Wish we could delete them faster. Lol
    2
  54430. facts bro I rely on a on alot of information on youtube thanks you guys for your hardworking. MY youtube algorithm is booming with info on being ahead
    2
  54431. I'm 43. I filed bankruptcy in 2010. (Earned 40k/yr) I make 130k per year now. I pay 1400 child support. I have no home. I have 30k debt. I have 60k stocks. With everything considered, I think it's time to doom spend. There's no point right now. I don't blame anyone for doing the same. The only advantage i have is restarting with decent income. I think experiences now will be better than having a retirement. However, I think I'll go to Thailand at retirement.
    2
  54432.  @MichaelBordenaro  between me and you my name is Ken LOL
    2
  54433. Good point, Michael. 45 million people having to repay student loans starting in August will take a lot of spending out of the economy. This will add to the recession.
    2
  54434. Dude I wake up between noon and 2pm... Ok, I go to bed between 5 & 6 am)..
    2
  54435. How are sales in Martin County in particular Hobe Sound
    2
  54436. This is just incomprehensible that something like this could happen. Did you hear the building fall?
    2
  54437. Same here in UK. I am selling my house and using the cash to buy in Orlando once my green card arrives. I need all the advice I can get. Never bought in US before.
    2
  54438.  @MichaelBordenaro  Ok I should be.able to put down $150K or a bit more but Im 57 and my wife is 46. And we.need a 4 bed. So correct me if I am.wrong but I would need a 10 yr mortgage as the base price for a 4 bed in orlando is about 290K ??
    2
  54439.  @MichaelBordenaro  yes I will definitely Micheal. The reason I said 10yr mortgage is because All the real estate sites I look at give you a mortgage calculator and they always show payments from a 10 15 or 30yr mortgage so I 'assumed' that this is possible. If they will give me a 15yr mortgage at my age also in my wifes name then I will save a bit per month obviously. Do you agree?
    2
  54440.  @MichaelBordenaro  I will. Ill keep watch on your posts. Thanks.for the advice.
    2
  54441. hank knaup Small world indeed!!!😄
    2
  54442. I live in Lancaster, PA. There are so many people moving here 😢. Who knew people wanted to live around the Amish 😂
    2
  54443. You said nothing about single moms benefting from divorce and fuckin men over. These young men have seen this happen for a few generations and are not going to do it.
    2
  54444. Stupidity and Greed seem to follow one another!!! Common Sense and Intelligence are gone!!
    2
  54445. I just retired and moved back to Florida after living in Germany for almost 34 years. I'm living in a small town in central Florida now to be close to my parents. I would love to live on Miami Beach. Maybe in the future.
    2
  54446. We are now in a world that seems to value money above all else. Money buys our politicians & judges, lets corporations break the laws, kick people out of their homes, poison the environment and collapse an entire economy. Hope I live to see all of it get turned around!
    2
  54447. You cannot compare the UK and USA Airbnb sectors, it is a far bigger part of the short term accommodation sector in the USA, because the UK has a culture of real B&B (Bed & Breakfast) accommodation. B&B is when the property owner renting out one or two bedrooms on a nightly basis (often providing home cooked meals), often found in rural and costal communities. As for the fact that you are limited as to where you can open an Airbnb here in the Miami area, what happened to Land of the Free?
    2
  54448. Square feet? I LOVE all the fireplaces. The remodel is wonderful, using neutrals and such. Also, to have a bathroom on the ground floor is a BIG selling point for older buyers. Get a home inspection anyway. Gorgeous. The price is a little shocking, even for me where I live. Make sure your comps come in to support the price. I’d love to snap this up, I LOVE old homes, but remodeled.
    2
  54449.  @MichaelBordenaro  I’m blind! Thanks for the redirect! Enjoyed your take on California vs Florida. Hope you enjoyed your trip.
    2
  54450. How much increase would be expected in your opinion from a house that last time sold in2015? So, a new listing, instead of a flip. I saw a house sold in 2015 for 467 k, now listing for 720 in coastal CA, Thank fon any answer
    2
  54451. Michael, if you can travel around the US again to make more of these videos, we are not in a recession.
    2
  54452. I was going to say, you are up early!! 😊 I watched your normal typical routine video so I kind a know your desired and usual schedule. 😁
    2
  54453. What a beautiful day, I ride my bike from 96 st and Collins all they way to you and sometimes have lunch at Monty's every other day. Enjoy the walk!!
    2
  54454. The BANKS should make a deal with these students.. Pay 50 % off and refinance the balance. 👍🍷
    2
  54455. Thank you
    2
  54456. The government is our enemy. It always was. Lie, and Gaslight.
    2
  54457. Thank You Michael and Happy Wednesday!
    2
  54458. grats man, well deserved. about the sign on bonus stuff, i don't believe it should be repaid. a sign on bonus to me is considered a speculative investment. when you go to the casino and don't like the outcome, you can't just demand your money back.
    2
  54459. Why don't you take a stroll down south Southlake Drive in Hollywood one of these days? I think you'll enjoy it.
    2
  54460. I know a lot of people in my neighbourhood that are in their mid 20s go to college, work a part time job and still live at their parents house!
    2
  54461. Don't bother with the feel-good story at the end. Your videos are perfect the way they are. I show them to my mom. She likes them too. You have very relevant information that you share that fuels good conversations between us about the economy! Keep doing what you are doing! ❤❤❤
    2
  54462. There is Japanese cell biologist Yoshinori Ohsumi who won the Nobel prize in Medicine in 2016 for his research on how cells recycle and renew their content, a process called autophagy. Fasting activates autophagy, which helps slow down the aging process and has a positive impact on cell renewal. Many cultures throughout history have fasting as a part of religion beliefs without knowing that the real reason behind it is health benefits. By the way long hair suits you so much better 😊
    2
  54463. Mahalo I’m bracing for UgLy🤙🏽👍🏽🌴🇺🇸🍍🌺✌🏽
    2
  54464. 👍👍👍👍👍
    2
  54465. Thanks!
    2
  54466. HOAs are at least $6k+ a year in most places...lol😂
    2
  54467. I’m the woodlands, tx . And at the beginning of this year, 2023, already went up 50%, same company and less coverage 😔
    2
  54468. Honestly, if prices don’t go down to what they wets in 2019-2020 that is fine. But I’d love to pay at least $500k for a 4/3 that doesn’t need much work at at least 4.5% rate. In broward county the area/homes we’re looking at were priced at $350k-$400k back in 2019
    2
  54469. Looked like 100,000 steps😳
    2
  54470. Real Estate brokers have a fiduciary responsibility to communicate correct process and due diligence to buyers. We can expect a rising lawsuit frenzy against greed-fueled brokers nationwide!
    2
  54471. How does this affect building a house? Is it becoming a good time to build?
    2
  54472.  @MichaelBordenaro  yeah definitely not the car for a road tripper
    2
  54473. Avoid commercial and residential real estate for a while because new requirements are coming for new installations or upgrades to buildings to have net-zero, carbon-neutral systems, including the building materials. This will include all internal systems of the building, such as HVAC, water heaters, filters, insulation, cooking, entertainment, pool cleaning and heating, and refrigeration. Insurance and property tax plus any special assessments are considerations as well. All of the equipment use and power consumption will be monitored.
    2
  54474. The Fed is running the show exactly the way they've planned it.
    2
  54475. Sad that this used to be LAND of the FREE until its RESOURCES were taken.... And the US doesn't think they are not going to pay for what its done? TIME IS UP...
    2
  54476. There are always people that made or make bad decisions
    2
  54477. Stay low don't buy anything. Jobs and income are shaky, prices are still way too high even when rates are low. Once you have no income none of these factors matter.
    2
  54478. Great video! How much public squalor can the wealthy endure?
    2
  54479. Squartter & criminals in NYC have more rights than the honest citizens, are we surprised?
    2
  54480. The prices went up to fast. So it need to fall
    2
  54481.  @MichaelBordenaro  excellent review
    2
  54482. I like your videos 👍👍😀
    2
  54483. This was a nice comparison of the two places, however, if you wanted to live on the beach homes start at 800,000 - If you are paying 500,00 you're probably going to be in a dump. Property taxes are rediculous too. I'm retired and looking for a cheaper place. California is for the younger generation & working people who have to work 2 jobs to survive. But, I love your comments - most of them were good - except cost of living in CA.
    2
  54484. The whole market is being manipulated, realtors, speculators in spectators, under writers, it's all one big scam.
    2
  54485. A family friend: the husband’s brothers became doctors, bought lavish homes. His father, same. He became a technical writer, realized he couldn’t afford a lavish home, so decided to wait and pray for another 2008. Instead, house prices nearly doubled. So now they are looking at moving to another state where house prices are low because it’s so undeveloped that demand to move there is virtually nonexistent.
    2
  54486. Of course the Court will find in favor of the State. Those Property Taxes pay the Judges salary and pension.
    2
  54487. Love your Vids Bro.....I'll be offering a Tee Pee building class soon....LOL
    2
  54488. Please Californians consider relocating to Florida. So much to offer here and you’ll be performing a good service bringing Florida out of the 1950s and into the 21st Century 👍. Florida needs a healthy dose of progressiveness to even the balance out! 👍👍👍. Did I mention ... no State income tax! 😉
    2
  54489. Why aren't the businesses bonusing employees? Why is the CEO and VP's keeping it all
    2
  54490. Woo Hoo you are on Biscayne Point again, but when you went by my childhood house on Cleveland Rd this time you were walking on the canal side of the street, but I loved when you showed the Bay side when you walked over the bridge to the circle. Did you know that Lenny Kravitz had a home on the circle yrs ago??. . Soo glad to hear that the weather is nice right now because We are coming down this Thursday thru Sunday. I know I told you that my dad now lives in Bay Harbor in the Coral Seas building, so maybe we will see you walking down that way!!! Loved that you were recognized on your walk....As always great video!!!! :)
    2
  54491. Wow - Michael B. supporting government regulations?? Never thought I would see the day!
    2
  54492. I'm with you Michael, short-term pain for long-term gain.
    2
  54493. Friend of mine in Orlando went up 72%
    2
  54494. I left Silicon Valley because the people are delusional!
    2
  54495. Seems like they should use raising taxes in addition to slightly lower interest rate hikes. Taxes dampen the economy and interest rates increase expenses for the government. So why not all work together and maybe hike less and raise taxes temporarily with a promise not to spend. Would be safer and probobly more effective.
    2
  54496.  @MichaelBordenaro  yes, we need marriage advice from our great great grandparents.
    2
  54497. The Treasury has <$50 billion and needs to payout $100 billion total on June 1st & 2nd. So the X-Date is June 1st. But, Yellen is issuing $170 billion in bonds next Tuesday and something about another $50 billion, so she's expecting the X-Date to extend out to June 5th. SS payments are $25 billion a week after the 3rd of each month.
    2
  54498. Great content as always, thanks Michael! When do you suspect the interest rates will start declining? I know nobody knows, but what’s your guess
    2
  54499. Their holding off on the crash so when Trump becomes president they'll flip the switch and blame it all on Trump.
    2
  54500. Yep, my home value went from $275k Oct 2020 to $403k in May 2022. Crazy! Now it is $380k. It peaked in May. Thank goodness my rate was 2.75% in 2020. Now I couldn't afford this home at 5% even. I don't see the feds lowering rates in the next 5 yrs but home prices will definitely go down. We have so many new home communities still going up. Right beside my neighborhood! 100s of lots! Unsold! Yea, never go with Open Door! There are realtors that don't charge 6% that are good. Or you can negotiate the 6%. I even sold my own home once and saved thousands but I don't recommend it for the average person. Hire a realtor, a very experienced one too with 10 yrs experience minimum. Btw, this guy knows what he is talking about!
    2
  54501. My financial planner says I can punch out of work next Spring. Perhaps that's a good thing as it gives the market time to shake out. Keep the updates coming.
    2
  54502. Hey but wait! We have over 2 million refugees who have entered the country correct? Then some of these who are families need a place to stay after they find jobs. So we need more and more apartments.
    2
  54503. Another really good video thanks...i love the walk and talk format very interesting
    2
  54504. I saw them in the Everglades on an airboat! But l always look too. Never saw them at Disney and l was there around when that child was snatched at the Grand Floridian.
    2
  54505. What would happen to a couple that built a huge house on land that belongs to her grandfather? This couple has a loan for building this house. Will their loan be affected with the house market going through this?
    2
  54506. You still look handsome - hope you feel better soon!
    2
  54507. Thanks bro! Rational Thought has left the building lol. I am in California and this drought is not good. Wether it be a man made problem or not. They tell us residential water is approximately 5% of the total water usage used here but we are the ones who get the shaft so to speak. Some articles claim a lot of are water flows straight into the ocean. Hard to believe nobody in 50 plus years can’t figure out a way to solve it but have no problem always coming with more asinine other rules and regulations. Politics suk here. But I digress, I have a question for you, why does all the concrete there always look so dirty or black ? Curious 🧐 thanks again for the video Michael
    2
  54508. What a weird economy we are in. 519k people finally got a new job, record unemployment. Yet, credit card debt went up 18% last quarter and is almost at a trillion dollars! Mortgage rates still high at 5.99% and inflation still going high. Gas at 3.49. All this free money really did he economy in, plus all shutdowns in China. I am they’re finally opening in China. It’s been almost 3 years now, it’s time to come out of your hiding and get back to work. And yes, I hate this heat lately but with climate change this is what we have to get used to. That’s why insurance has gone sky high. Multiple billion dollar disasters throughout the US and in Florida, they raise it on us, leave Florida, or go out of business. It’s crazy.
    2
  54509. san antonio actually okay cuz we have lots of military earners and war is are only growth industry
    2
  54510. Can u do a video on the Champlain towers? ( update and findings)
    2
  54511. I'm a different situation than most people I have $600000 cash and I'm waiting to jump in at the right moment
    2
  54512. Great video and analysis. The Government's unemployment numbers are just as bogus as their inflation numbers. As you indicate > 90M effectively unemployed and inflation including food and energy is effectively > 15%. Very misleading Government stats to keep the masses borrowing and spending. > 65% of US GDP is SERVICE!
    2
  54513. What is the name of the second apartment?
    2
  54514. Don’t worry home prices ARE going to drop 50% and more. No one in their right mind would buy now. Rent if you have to move. Hang on to property you own now if your able. Property values historically go up and down this is another down. Hang in there.
    2
  54515. So now FHA is sub-prime? Stop. FHA is not just for people with credit scores lower than 800.
    2
  54516. Hurricane season is just beginning. Imagine what will happen if this year a major city gets hit versus the usual poor gulf areas.
    2
  54517. Even with the 20% price reduction, Tesla are still selling EVs at a profit.
    2
  54518. 4th😊
    2
  54519. Merry Christmas 🎁🎄
    2
  54520. Hey Mike!
    2
  54521. Hi Michael, what city, state are you in now ?
    2
  54522. 10% decline in CA is a rounding error. There is a shitstorm asteroid strike coming to this economy. There are no 1st time buyers out there. They can't qualify. Not even close.
    2
  54523. Thank you for your enlightening videos! Too bad people who actually would benefit from your videos most likely buying houses now and will be watching your videos after the foreclosures😢😊
    2
  54524. Less tax means less money for the government. Catch 22. It's horrible for the country long term.
    2
  54525. I have to watch Michael B to get any common sense. I don't see much in my day to day!
    2
  54526. To clarify what I said earlier. I don’t think your videos are too long at all. I think they are full of interesting observations and well thought out.
    2
  54527. Sunset Beach walk is my favorite beach walk bcz I don't like to be cooked by sun light plus sunset is always beautiful before the sunlight goes out
    2
  54528. Morgan Stanley are there solely to relieve you of your currency as are the other Wall St ‘enterprises’…remember in 2008 when they all realised they had those worthless mortgage backed securities on their books…yeah that’s right they sold em to you..as many as they could anyway ..
    2
  54529. Four o'clock. Yaba-daba-Bordenaro time. I will buy in when both prices and rates fall. The prices should fall due to the ridiculous insurance ratings. Pencil it out folks. ALL of it. Nice to see you looked into the FAIR plan in Commiefornia. When there is nowhere to go but to the SR-22 Dumpster of Insurance you are out of options. Where does the SR-22 dumpster go when the Insurance Commissioner takes over? The insureds get screwed (again).
    2
  54530. DirtBikeRiders Sweet deal!!!👏😎🤓
    2
  54531. If my house wasn't all paid off, I would have left Florida too. Unfordable!
    2
  54532. Micheal, as an honorary guest on your channel, Travis should have been required to wear sunglasses and a tanktop. 😎
    2
  54533. 🙏🏻🙏🏻👏👏
    2
  54534. What if I have money for Life and want to move to Florida:) 300 range
    2
  54535. A 5% drop in housing prices? How about a 50% and more..DROP. We are witnessing the collapse of America. This is the era now of deception and betrayal. It is where all promises that have been made to citizens are broken. Very hard times are coming fast.
    2
  54536. Congratulations. Well deserved!!!
    2
  54537. Thank you for all your work and honest takes! We're in Boise now and our house is already off 20% from the peak. It looks like the boom markets are going to see much more than 20% drops, barring completely unexpected massive positive changes in the economy -- probably the global economy. If you live in a city that isn't the hippest and coolest, you're better off, I think. Prices that didn't double, probably won't be cut in half, either. 🙂
    2
  54538. Just closed on a house this weekend. Was a year in the making. Yep. Got hit with the increased mortgage rate.
    2
  54539. Thank you.
    2
  54540. Another way one could be trapped in the housing market is if one bought a home at it's peak price and now that the prices are cooling down, one cannot sell their home at lower prices even if they wanted to b/c the downward moving of prices would wipe out the equity value of their home
    2
  54541. M Styles Thank you 😃☺️
    2
  54542. M Styles I appreciate your comments. Yes he is one of a kind. We were really lucky to have met each other ☺️ Thanks for supporting his channel. Be safe & healthy 🙏💪
    2
  54543. I sold walk away with 388 k in my pocket I’m renting for now and hopefully price’s come down
    2
  54544. If the license plate is part of the car and not removable, my thought is it will help eliminate plate theft.
    2
  54545. Some government entities pension plans do include Cost of Living adjustment (COLA) like the federal government and State of California. Both are going broke.
    2
  54546. Massive lies! Awesome title
    2
  54547. Tales of the REAL ESTATE CRYP😠😠😠😠😠...
    2
  54548. OK I'll believe 'boomers' ae buying more homes. Who is selling the homes? I have a feeling many of these boomers are selling the old home cause the kids are gone and moving to downsize and or to the 'dream retirement' area. So it's more a one for one sell / buy than buying first time and taking all the housing.
    2
  54549. I would say wait it out until the time is right to get a house especially during a time of recession.
    2
  54550. I wonder if what is continuing to prop up the economy and supporting increased personal spending, is the results of so many refinancing home mortgages to extremely low interest rates of 3 percent interest thus freeing up hundreds iscretionary funds for house whole spending increased. Its going to take a long time before folks get over the shock of 6 & 7 percent mortgage rates. (which were relatively low rates when I was buying houses in the 80s and 90s) It could take awhile for the real estate market to recover if it is shock. Inflation is eating away at those increase discretionary funds now so its a double whamy.
    2
  54551. Beautiful! You would look fabulous in that condo Michael. Perfect for you and Lisi!❤️❤️😊😊
    2
  54552. The world we live in y’all. Our turn. But we will be ok like many of our grandparents who lived through the Great Depression. I treasure their stories. Imagine for dinner, One baked potato and a sliver of meat, that’s it. One story my grandfather told me. He lived to be 83 but he always told me, “I can’t go to bed hungry.” He always ate before bed lol! And stayed slender. And he loved his beer.
    2
  54553. So if you're young the east coast is better if you're retired the west coast is better. How about right in the middle?
    2
  54554. Is it okay to buy a multi unit investment property right now tho?
    2
  54555. I see a 45 percent reduction if we get any sort of meltdown. I saw 65 percent losses here in Norcal when everyone was bragging about how many homes they had and how the were going to retire rich. I did not go that route. I had commercial and did great with selling a historic hotel to buy a farm. My property had income . But these rental houses will rent for much less and the interest averages on multi units will affect the cap rates. A meltdown will result between 45 and 65 percent value reduction that won't recover for years. Many detailed points can prove this. Bank lending, government backing, real wage numbers and consumer sentiment. It's about to get real.
    2
  54556.  @MichaelBordenaro  ....Thanks for the quick response. I meant to ask if taxes increase automatically if your home value increases or only if the government imposes higher taxes.
    2
  54557. this would be a great video Mike!
    2
  54558. I think Mike might be trying to tell us he's in an open marriage 😉. Good stuff brotha 👍
    2
  54559. Summer in February. 🏖... are you in the southern hemisphere 😎
    2
  54560. Thank you for all your information videos 👍🏻
    2
  54561. Hey, the US needs an infrastructure update. Maybe the government will do a work-labor mandate to bail people out of their bad credit history.
    2
  54562. They just want comish.
    2
  54563. Metallica!! Rock on, dude!!
    2
  54564. 22:50 Wow Michael.. you just described the reason for the housing collapse of 2024-25 [Not intended to be Financial advice, Just Satire] Are you sure you are not a fortune 🔮 Teller? 🤔 Lol 😆
    2
  54565. Wishing for a crash and waiting on the sidelines
    2
  54566. These so-called experts are a day late dollar short I think they need to be watching your show and a few others and they would have known this a long time ago
    2
  54567. When are you coming to the northeast and New England You would be welcome with open arms 😎🇺🇸☘️👻
    2
  54568. A bit of re-hash never hurts 😉 On the latest jobs report. If you go into the details of it you will see that jobs increased in the low paying service sector (hospitality business, restaurants etc), but decreased for middle income earners. This means two things: Firstly, low income earners do rarely buy houses and middle income earners do so demand will drop leading to downward pressure on prices. Secondly, those middle income earners who lost/are losing their jobs will stop going on holidays and eating out or going to shows, this means, as a lag effect, that the earners in the hospitality industry will soon also be losing their newfound jobs. This should put downward pressure on rents too. How and when this whole recession thing ends is near impossible to say. But if we are hit with a black swan event like war with China over Taiwan in the next couple of years (which analysts are increasingly predicting), or if Republicans force a default on US debt payments just to make a point, then all bets are off and things will turn really ugly.
    2
  54569. we wont talk about how repubs wont agree to higher funding.
    2
  54570. We don't see many sqatters here in Arizona. I wonder why, lol.
    2
  54571. Fema down, Fdic down, people down, rents up, wall street up, The Rich up!!!
    2
  54572.  @MichaelBordenaro  Thanks!
    2
  54573. Thanks Michael 👍
    2
  54574. Might you do a visual review of Stuart Florida and TY for this I love it!!!
    2
  54575. The effective CA state income tax rate is about 7% for someone making $100k. I'm not sure where you're getting 13% unless you're talking about grossing over $400k — at which point you should be ponying up for your community. It is not a flat tax, you have to calculate it with deductions, standard allowances, and graduated withholding.
    2
  54576. My Realtor app just sent a rent to own notification 🥴
    2
  54577. Great video Michael. I'll add a couple of other tips. Check your policy to see how much coverage you have for contents. I had $400,000 of coverage for the contents of my home. If you add up everything I have in my house, you'd be lucky to hit a quarter of that. Also, check for 'other structures'. You might be paying insurance for decks, sheds, etc that you don't even have on your property. I was...
    2
  54578. No one in my family has a mortgage. We paid cash for foreclosures and ALL other bills ANNUALLY. Yes, you can do that. But why don't you mention the fact that KS has $60 million in unspent Covid money that must go back to the gov't, and MO has just as much. ALL of the states of unspent Covid money that has to go back to the gov't. But WHO is talking about that? Yes, let's give another $60 million to Ukraine, and then tell Americans who have worked all of their lives that you're stopping their retirement checks. GEEZ. No one NEEDS a million dollar house. Wake up. You need another circle of friends.
    2
  54579. Lets not forget we reached the debt ceiling, yet again.
    2
  54580. 👍🏻
    2
  54581. I like your videos because my neighbors are all Stepford wives, and I need someone like you, who lives in reality to keep me sane.
    2
  54582. People who dont live in CA or never been vote that CA is not a nice place to live. Even though we are the 5th largest economy in the world. HAHA. Do New York next.
    2
  54583. They are crooks for hire to get on screens and lie, that is pathetic. Discern listening, dont believe everything you hear. Thanks Michael for your authenticity and recording, stay cool 🧊
    2
  54584. Michael, I think you have to be a dad in order to be qualified to wear that lumberjack get up. You might want to check up on that!
    2
  54585. Woww thel beautiful place
    2
  54586. Scary times of corruption and desperation Michael. I don’t know anyone in the biz for shades but I will buy a pair to wear outside if you make your style. Keep sharing the truth.
    2
  54587. Mike, keep doing what you're doing. We need to know the truth no matter how bad or good it is.
    2
  54588. The way you say bureau is hilarious
    2
  54589. Nice content and shades 😎
    2
  54590. First
    2
  54591. Another Great Reality video, way too much quick buck greed out there. People always forget, owning property, is impaired, the cost of fixing things. Ac units go out, wood rots, if you're not handy type, contractors are very expensive.
    2
  54592. Thank you Michael 🙏Happy Healthy New Year 2023🎉Love all your videos ❤
    2
  54593. If you think those beaches in the LA area are wide, you should see the beaches where I live in Oceano Ca. Some sandy areas are over 2 miles wide during high tide.
    2
  54594. My son wants to buy a Tesla. He's rented three of them to play with. Each time he rented one it had problems. He had one and he was on the interstate going 75 miles per hour and the entire dash went black. He had nothing! He was on the north west coast, it was late at night and he couldn't find a working charging station. He had to turn his headlights off and anything else he could to save the battery. His car battery almost died. I don't need that crap. He still wants a Tesla. I've told him don't do it. He'll get one anyway and then I can sit back and laugh. Stupid is as stupid does. Oh my son is 24 years old and moved back in and then he eased his girlfriend in as well. Well after about a year, I told them to get out. I'm retired and I don't need my kid at 24 years old living me. He left. They both have really good jobs. It was BS to come live in my house. They have the money.
    2
  54595. SUCCESS.ACTIVASION.
    2
  54596. Im moving to CA from FL been here all my life. Jan 2022 is my move goal :)
    2
  54597. Congratz on the 5-year YT anniversary. Enjoy the fine dining evening, well deserved for @Lisithedogwalker after leaving her in the car yesterday! 🤣🤣🤣
    2
  54598. Miami is cool but it's overated!
    2
  54599. I read this article a few minutes ago.
    2
  54600. Thanks Michael, always look forward to your videos…
    2
  54601. I don’t think foreclosures are coming. I think government officials want to be popular and will order forbearance. I just don’t see where the inventory is going to come from. The amount of money on the sidelines is epic. Look at J.P. Morgan announcing billions, meet kevin announced 10 of millions. Tons of other similar groups are sitting with cash waiting. Not to mention all the 30-50k people who watch all of these videos. I want prices to come down more than anyone in the world, I just don’t see how it happens. There’s such a massive buffer. Maybe I have just lost hope, idk..
    2
  54602. Michael - This is what I call the "adjectivisation" of the sales pitch. Pick a good sounding adjective to create a positive feel and use a bad sounding adjective to create a negative feel. This is what the pundits would call "spin". But it's all about the adjective selection. In my opinion this is the true source of "fake news" which is really mainly promulgated by the left leaning national news front. In another word - propaganda. And you are right. I used to say that this kind of thing was "corrosive" but now it has become extremely dangerous. Consider that this is mainly targeting the internal population. The external populations have learned that the US is lying with everything they say. But the internal population either does not want to deny it out of fear of the consequences or is so ignorant that they accept this propaganda as truth. The national news organizations are MASTERS of this propaganda and they are the actual fascist entity that biden is attempting to foist on MAGA. Dig a hole and climb in. It isn't going to work for long.
    2
  54603. It’s gone for all but the very wealthy in California
    2
  54604. This analysis about price vs income needs to also take into account property taxes. Pittsburgh, for example, looks cheap until you take into account their 3+% property tax rate. Suddenly it also looks super expensive.
    2
  54605. Happy birthday 🎉
    2
  54606. We need housing we can afford it.
    2
  54607.  @MichaelBordenaro  Just looked it up. Average age in Flagler is 60. So yeah lol
    2
  54608. Moving truck :)
    2
  54609.  @MichaelBordenaro  I love it here totally I miss Miami but not the cost of living and the traffic
    2
  54610. This is good news 🎉
    2
  54611. I love how Travis busted out the tank top and sunglasses for this video.
    2
  54612. Right with you Michael!
    2
  54613. Is any part of California a good place to live?
    2
  54614. Our financial system will never get fixed because man is running it. Our financial systems have been broken for thousands of years. As long man is running it, out financial system will continue to be broken..
    2
  54615. Love the beach background! You seam to be be such a nice human being......your videos are great....thanks.
    2
  54616. We have them in our parking lot in Sai.t Augustine and Starke Floroda parking lot they come out of the lake or swampy areas once a month
    2
  54617. But if the Pivot comes before the Prunes aren't finished raisin'ing, won't they just leverage their leveraged leverages to kick the can once again?
    2
  54618. Are you not scared of Hurricane?
    2
  54619.  @MichaelBordenaro  where do you evacuate to?
    2
  54620. Price is to me number 1. Always date the rate and marry the price because if it leads to divorce (to sell or forced sale), the cost of seperating can be damaging. I would never want to have the feeling of being tied down to something that I need to detach myself from
    2
  54621. I enjoyed this conversation. Well done guys!!
    2
  54622. Unsustainable. Supply and demand always wins.
    2
  54623. Can newer homes drop below what they cost to build ? I bought for 604k in 2015. Can my value go below what it costs to build today if costs keep going up?
    2
  54624. What’s with everyone parking on their lawns??
    2
  54625. congrats!
    2
  54626. you know what else is getting hotter Michael? Your bitcoin investment !! good to see you
    2
  54627. Michael Sounds like you may wanna move to Orlando and not stay in Miami man, hell on the diversity part you can get pizza and pasta at McDonald’s in Orlando, most definitely speak English first too
    2
  54628. That Tesla situation is BAD!!!
    2
  54629. I like the Cheeca Lodge in Islamorada….. nice place to stay
    2
  54630. Ah .I guess we should put on our rose color glasses to belive this pipe dream.
    2
  54631. I’m at the point where I want an even older car. One that doesn’t have really any computer components at all. I’m married to an auto mechanic.
    2
  54632. Disagree with this strategy (sell and wait). Simple supply and demand tells you there can’t be a crash (yet). It’ll take 7-10 hours to build inventory out. Say 5 years from now this strategy makes a bit more sense.
    2
  54633. Hi Michael, I am surprised, because I have rentals in CA, particularly LA, and I have never heard anybody in CA charging 2 months deposits. And the deposit is equal only to one month rent. We always charge first, last and only 1 month deposit. not 2? News to me and I own 12 rental properties in LA. Also apartments and home are under different rules in CA, but not for the deposit. Also we do not use real estate agents in CA, that is extremely rare and only for extremely expensive properties, where the owner is well know by the brokerage firm. I think real estate agents should bot be involved in rentals which is what they do in Miami. I have 2 properties in Miami, which I have not been paid for 2 years and that is also very common in Miami, I just got them evicted after 2 years and now suing for the money owed + interest and Penalties. Was willing to negotiate but they refuse, People in Miami seem to think that they are not obligated to pay what they owe, I am sorry I am not a charity house, its a business. Tenants should always take photos / video of the place when moving in and out and have a walk around with owner or responsible person, my self never had any issues whit that as of now. In short, I have never heard about that in CA in 40 years. Always been first , last and deposit, no exceptions, And it is much easier in my opinion to rent in CA then Miami as an example, not sure where this info comes from. But as a landlord and part of the association in CA, I have not heard of any changes officially so far, I do what I want with my properties. In Florida they run your credit report, in CA that was not done but we can always run a criminal report, you do not complete the paper work I do not rent you the property, also the landlord can pick who the rent it to, when various potentials renters come to play.
    2
  54634.  @MichaelBordenaro  Yes maybe 4 months rent is to much, I agree, I never had done that and will not do it. People are already strapped enough to add more pressure. The only thing I do is due diligence, because I try to get the best renters that I can. One of my properties has 200 units, so always trying to get good renters. When you do not get paid is an issue. We also invest money to make money and will always have some greedy landlords and some very bad landlords as well. Nice Wok Michael. I am going back to Miami in February.
    2
  54635. I wish I had sold my house when the market was hot. I would’ve sat on that cash and waited fir the recession. Then purchase just like when I bought my current house. I got a good deal in 2011. My mortgage for my almost 3000sf 5br, 3.5ba home is less than $900 a month. The rent out here for a 2 br apartment Is now $1500-$1800 a month . I don’t see me paying that! Lord I thank you 🙏🏾
    2
  54636. I got bad news for you Michael, it only gotten worse in Denver.
    2
  54637. Hey Michael, Over in Naples our HOA went from $530 to $1400, we are townhouses have no property really, community small pool, no spa, not gated, no golf coarse. They mow the small lawns every 2 weeks, ladies do the flowers, no security. Lots of red tide, trucks and Extremely expensive restaurants which at this point is a joke. Lots of purse robberies now and vagrants walking around. Have no clue where they live.
    2
  54638. Insurance companies are regulated by the various states. States and municipality set the tax rate. This is a 5th amendment taking.
    2
  54639. If someone needs to sell their terminator cobra or lexus isf to pay off their debts then I'll gladly take it off their hands.
    2
  54640. And BTW , the SF city govt does not most certainly have a good heart, but I get it, you have to stay kinda neutral. Good info as always though!
    2
  54641. Unfortunately we are going to melt up. They might be able to slow it down, but they will not be able to stop it. Hyperinflation is here to stay for awhile. I hope all have stacked some real physical money.
    2
  54642. Banks don't want to foreclose. They charge a lot of interest. Mortgages are cash cows.
    2
  54643. My parents did not teach me about money…..I learned on my own…..I started babysitting at 12 yrs old and earned 50 cents an hour…(that should tell you about how old I am)…..I saved and bought things on Lay away programs….10 speed bike, stereo, clothes…..my kids learned by example from me that I worked hard to buy the things we needed…. I bought a home 7 yrs ago for $80k…my home will be paid off in 2 yrs…I am debt free outside of my mortgage and live on social security….I planned 10 yrs ago….the Lord said…..prepare for the last leg of the journey…😃
    2
  54644. northeast didnt see these kind of run ups ... unfortunately, we will probably not see a big drop
    2
  54645. The West coast actually has more of a tropical feel than the East coast.
    2
  54646. 😁😁 Same thing in 1985 I built my First house Total nightmare but1/2 price $$.. But lost a 5* GF so the next 4 new. I signed the contract and renters the Next Day and Went for It ..Use a Beard Groomer set at Lowest like Don did....Keep walking great views but Old Stuff 😬😬😬
    2
  54647. I have a question??? Are people paying attention to their 401K's ? Do they see what is happening to their retirement? That is what is going away and have to save more money for. Who wants to work more years to hit their goals????
    2
  54648. The story Michael tells from the UK is something that happens all the time here. If you buy in a chain you're exposed to everyone else's failures. Chains break down in normal times as people pull out or get forced to pull out. Sometimes people are in chains of 6/7 transactions that all have to close on the same day, it's ludicrous. This is why you should never buy in a chain and never create the chain yourself. Sell up first, get into storage and a temporary rental, and then start looking. It's a hassle but it will really help you to be an attractive buyer. For me it's led to lower prices. Also, make your offer dependant on the buyer doing the same. If you enter a chain you need your head examined.
    2
  54649.  @MichaelBordenaro  I will buy only maybe 2 new homes just in case home price collapses in the future. So far it hasn't!
    2
  54650. If the free market were to decide what is built, based on sound monetary policy, sound supply and demand fundamentals, instead of government manipulating the markets with bad monetary policy and the building code creating barriers to entry by over regulation, there would be no affordability problems. It's funny how governments create this problem, then make more rules to restrict foreign investment..........clown world.
    2
  54651. OMG!! - I hope you are ok Michael! Shoes would not have helped, plus you are in FL. Flip flops are standard shoeware!
    2
  54652. Core Logic is sold out to real estate interests. They were once an objective source. No longer.
    2
  54653. Where do you go to ok get the money
    2
  54654. Hopefully housing sales goes the same way as tesla leave out the middleman! Way too many hands in the pot! And then doesn’t need to be.
    2
  54655. Please keep doing the videos on sunny days! I love to get to experience sunny Fl from your videos even if that's not reality everyday.
    2
  54656. Great neighborhood. Love the sidewalk chalk . . . very heartwarming.
    2
  54657. No to Houston or Midwest
    2
  54658. Bigg up, they got blamed someone for the economy, to fall
    2
  54659. About the listing in Venice FL with a steep price cut. Is it possible that people or LLCs have been using real estate to launder money?
    2
  54660. 1% down is such a BAAAD idea. If all you have is 1%, how will you fix something when it breaks?
    2
  54661. Between lower home prices? And lower commissions how many more going to youtube?
    2
  54662. ❤Olà pessola, esero que a viagem seja ótima❤
    2
  54663. Hey Michael, I understand your passion, I've been through 15 presidents probably 15 recessions 5 successful businesses, you're preaching to the choir, stop trying to predict what will happen, most of the public does not care, basically SO WHAT! Go deeper my friend tell us why, not continual observation, Why do these things happen, not they're happening !
    2
  54664. If you put down that much $$$ or don't leave a safe amount of $$$ for the unforseeables you're going to be sol at some real tough times
    2
  54665. How about the local k-6 to See what lives there then the HS. LOOK OUT 10 to 15 years area going Down or Up ..$$$$$$$ A PKG deal Check everything OUT !!!
    2
  54666. Your next title should be to all the haters it’s not too late to say ypur sorry
    2
  54667. Oh yay Oh yay Oh yay Small-time power mad jerks, for DECADES.
    2
  54668. 1st
    2
  54669. Just pulled outta escrow in Surfside Fl after my insurance quote of 22-28k told me that insurance companies don’t want disaster area, zero sea level assets where 12 story buildings fall down nearby (sad:(
    2
  54670. It was a single family at 8926 Emerson, a mere 6 blocks from the collapse. I can send you the quotes if you’d like…. I think is due to flood coverage mostly -property is 0 elevation. I think insurance companies are pricing for actual cost of these disasters finally. Surfside is apparently reclaimed wetlands.
    2
  54671. The problem particularly is FL where most owners are boomers is that they want to cover stuff up cause they are at the end of their life and won’t get to see the benefit of repairs, renovations etc. They get control of the board and the committees and there is nothing anyone under the age of 70 can do cause they CONTROL everything and band together like rats. They know there are issues but couldn’t care less cause they don’t have the money and or don’t want to spend their final years pre nursing home dealing with repairs. They will lie and couldn’t care less.
    2
  54672. INDEPENDENT thinking! Realist mindset. Keep “grinding”.
    2
  54673. Here a big lawsuit coming. If you buy a home in past 3 years and a listing agent says you have to buy this home it so hot, but you can’t do an appraisal, this is wrong! If your negative on your principal you can sue the listing agent if they say markets are hot , you got to skip the property appraisal! You can sue a realtor for this!
    2
  54674. Another good one!
    2
  54675. When I first heard of this tragedy you immediately came to mind. My prayers are with those who lost their lives, homes, and loved ones. This is unreal...perhaps a sinkhole or there was construction going on. Yes anyone's guess. I've seen old tenements collapsing when I lived in NYC but never a high rise built on concrete and steel. I hope more are found alive.
    2
  54676. I have lived in south Florida since 1968. Changes here have only been for the worst, especially since 1980.
    2
  54677. Good stuff!!
    2
  54678. Michael, you're almost as good-looking as me without your sunglasses! Take us for a tour of Babcock Ranch in Florida and tell us a bit more about their success against Hurricane Ian. You're a great extemporaneous speaker which is a gift that very few people have. Keep up the great work you are doing. The information you are giving is invaluable.
    2
  54679. Trying to regulate water usage is so typical of how we do things nowadays. In the 1970’s when smog was becoming a problem they started putting catalytic converters in cars. If they used today’s mindset they wouldn’t do that. Instead they would try to limit engine displacement, driving days, car size, days of use and fund more public transportation that no one uses. So instead of trying to increase the amount of fresh water available we’re trying to limit it. Historically this never works out.
    2
  54680. Man you are getting me excited about moving back to Florida 🤓
    2
  54681. Absolutely not Michael and you hit the head head on the nail that’s the problem why we have so much corruption right down from the federal government all way down to the local government and politicians exactly who are you to go yourself or is this is the problem with our system of government it’s the system of government is corrupt the system of government and local government needs to change in the process and all people are elected to pay the people of the community in town should’ve asked whether or not they get a paid by the vote of the public not voting themselves for a raise that’s what things have to change at the local level that is despicable did they give themselves a healthy inflation raise Michael despicable
    2
  54682. I love my house and will die in it. I want the thing to be worth about 27 cents. I live in Florida by the gulf and my taxes and insurance is insane!
    2
  54683.  @MichaelBordenaro  It is very nice to sit and drive with you. I have been to Florida 3 times. One cruise trip to caribbean 2010. I was an exchange student from Iceland long time ago in Rome NY (up state). Went to High School there for one year have friends all over the USA. Keep on making videos, blessings to you.
    2
  54684. Great stuff, I used to stay at the Marco Polo now Ramada (20:32) in the video from 1984-1994 with my family during the summers and Christmas Holidays. The Waikki hotel was two hotels down from the Marco and we used to hang out there a lot as well. That area used to be called hotel row back in the day. Had a lot of good times there as a kid and teenager.
    2
  54685. Thanks for good content
    2
  54686. These low rates the fed were passing out like candy. Along with these mortgage ARM bandaid. Are basically the modern day "subprime loans?" 🤯 Brother Michael if you think Canada's housing market is bad. Take a look a China's? They're literally offering cars boats to get people to buy homes over there.
    2
  54687. I'm coming to Florida too. Sorry
    2
  54688. I’m trying to go to Los Angeles
    2
  54689.  @MichaelBordenaro  I finally watched this whole video. Sheesh, life threw me a curveball, and am just now catching up. This area looks so nice! I would love a house this close to the beach but that walking traffic so close to the property would make me not wanna sit outside on my porch area. I'd need a bit more of a buffer between me and the people because it doesn't seem private or quiet enough. LOL
    2
  54690. The reason for this situation is governments, the folks in power are the same that own those institutions, do you really think they're interested in regulating their golden goose? They're only interested in your taxes, and damn you if you fail even a cent. Potential solution imo: more decentralized goverment, power at the state level, defund federal power, in short, make it more competitive at a state/region level.
    2
  54691. Thanks!
    2
  54692. How can I contact you to help me find an apartment?
    2
  54693.  @MichaelBordenaro  thanks! appreciate the reply!
    2
  54694. Thank You❣️
    2
  54695. Most people in their 30’s that are working towards home ownership unfortunately have to live where the jobs are that align with their career. So 500k - 1 mil is more a of reality than you may expect. 500k is likely more house than they really need or in an area that is hip. But it’s not that far off from the reality.
    2
  54696. Very good Mike. I recently retired and bought a house in Deland. I’m from the NJ/NY area and am learning alot about the great state of Florida thanks to your videos. Keep up the good work!!!
    2
  54697. This is just the Beginning!!! We still have a few people from the Silent Generation. But! The Boomers are already in late 70s, hitting their 80s. Those are the times when more people start dying... Or moving to cheaper countries 👍 The next word on the menu is "DE!!!-FLATION" I wonder if Michael is going to shave his head???? once he looks into the number of properties that are likely to hit the market in the next 3 - 10 years P.S. Or we could just have a video chat if when he finds that I'm right 🙂
    2
  54698. Great video
    2
  54699. Me and Shooter McGavin are heartbroken we can no longer dine at Red lobster. What's next? Having to eat at the Country club for dinner? OMG. Joey is destroying everything we hold dear. Happy I am not. At least none of the Mexican food chains are going out of business.
    2
  54700. People need to take a financial IQ course before accessing invested money. If you are far from retirement, most of your stocks should be in growth. Closer to retirement (financial or age), more in reliable dividends can be beneficial.
    2
  54701. I love Dunedin. We stayed in an airbnb there last yr. If you’re looking to party it’s probably not for you. I’m 56, I come down to relax and chill out. lol It’s close to Palm Harbor so you have everything you’d ever need and it’s in driving distance to the beach & Clearwater. You can take the trolley to Clearwater.
    2
  54702.  @MichaelBordenaro  I think so too. I love the small town feel but yet so close to everything.
    2
  54703. 1
    2
  54704. Are you born and raised Floridian? Your, “I guess soooooo” sounded soooooo midwestern. 😹 sweet kitty!
    2
  54705. They're broke and their credit cards are maxed out
    2
  54706. They would fire him the first day, cause he makes too much sense! I swear they only hire people that only care about how much money THEY can make by screwing over the American people!
    2
  54707. The federal reserve only has 75 basis points rate cuts in there dot plot for 2024.
    2
  54708. The reason they report a low CPI is because increases in social security payments are tied to it.
    2
  54709.  @MichaelBordenaro  that is a real estate scam video
    2
  54710. Michael, Redfin's CEO was selling off his Redfin stock back in 2020. That's the opposite of transparency. He clearly knew something we did not know. When the CEO of a company sells off on his own company's stock. Run.
    2
  54711. That’s right about buyers paying more. The sales pitch by the government that it’s better for the consumer is a good sales pitch. Seems better for an owner (which I am). I just don’t see it as an overall good thing
    2
  54712.  @MichaelBordenaro  it works out for me personally. We have rentals as well as our primary. I just see it limiting options for agents to be able to try and get into the business. Generally they build business by helping buyers. It’ll be hard for a new agent to generate business this way.
    2
  54713. Hi from Australia and looks really nice over there and feel like flying there and walking with You and looking forward to The Stock Market going up this week.
    2
  54714. Lizzy has her dog sitter channel, very funny short videos
    2
  54715. You are right Michael, such a beautiful area, and biscayne bay looks awesome. As far as most economists saying there won't be a recession, I believe they are just playing with numbers, we need to have 2 consecutive negative GDP quarters and I'm not sure that will be the case, predictions are for flat GDP of 1 1/2 to 2 % growth, only time will tell
    2
  54716. Good thing we have NAR holding all their Realtors® to a stellar level of ethics...wait...
    2
  54717. 1% club entices the gullible to buy at overvalued levels so that they can wreck them in the future when home prices fall. Bankruptcy settlements are profitable.
    2
  54718. How can the water bills be so high in FL where it rains all the time - that's bananas. I would love to move to FL but the real estate taxes and insurance costs have become insane where it makes no sense to move to FL anymore.
    2
  54719.  @MichaelBordenaro  😄
    2
  54720. No that grey house doesn't have curb appear to me ...omg! $$1.345 million dollars!! This price is Landon or Paris price !! I hope in a few years my home will worth that much !!
    2
  54721. Thanks!
    2
  54722. You should see how highrise condos are built in Mexico. They’re about as sturdy as a house of cards yet people buy them. All it takes is one minor earthquake.
    2
  54723. I'm glad you said it about traveling. I totally feel the same way.
    2
  54724. Hey Michael; I just wanted to tell you that I just returned from Hollywood Florida area, which I was there nearly a month. You are incorrect about the masks. I was required to wear a mask every place that I went (which was posted on the all entry doors); Walmart, Publix, Target, Burlington, McDonalds, Wendy's, gas stations and Best Western, even the welcome center. I am fully vaccinated.
    2
  54725. Will you do a video on Bank of America's new loan program for People of Color. Not so much your opinion but see if you can find any fine prints to be aware of before taking loans like they are offering. No down payment, no credit check.
    2
  54726. Congrats!!!
    2
  54727. It’s FL, and in the high 80’s right now. Sleeves not required. Unless you like sweating. 🤣
    2
  54728. Thats because of inflation, appreciation and because landlords got screwed for 1-2 years straight. Property taxes and Insurance rates, especially in Florida have gone up a lot and this raises the market rate.
    2
  54729. I live in west palm and its not cheap to live her you can't find a house for 200k and the hoas are expensive
    2
  54730. My Insurance broker said UPC is not going out of business but dropping Florida and some other states and they are still taking policies and they are backed by Citizen securities and the state of Florida. My neighbor said his policy doubled from UPC.
    2
  54731. Do you know what kind of dating the archaeologist used to date objects found? This should slow down the progress of a high-rise building.
    2
  54732. I'm in PA and my insurance went from $624/6 months to $724/6 months.
    2
  54733. What about all the new home construction in Florida it's booming
    2
  54734. Moving for lower price home is dumb. If you do that tge wages will be lower and there will be less amenities. It is just chasing your tail.
    2
  54735. It’s actually much worse. I did market analysis as a residential real estate appraiser in the ‘08 crash. I’m also a statistician.  Reporting average or median (different things) prices is about as useful as that would be in reporting stock market trades in the same manner. A person usually has a certain amount they are willing to spend. So they are getting more home for those prices. A more useful thing to look at is price/square foot. That will be closer to reality and I guarantee that will show an even bigger drop.
    2
  54736.  @MichaelBordenaro  Much appreciated!
    2
  54737. Great commercial, Michael. 😀
    2
  54738. It sounds like FL state just destroyed the condo market in Fla.
    2
  54739. good to know.
    2
  54740. Love these vids man. Always getting great insights in a easy to understand way. Happy new year
    2
  54741. Collins Avenue Miami is XXX Hot Market now Provided you CAN afford HOA-frees, Property-Taxes and Enormous Insurance Hikes
    2
  54742. What a unbelievable beautiful beech
    2
  54743. I'm going to be relocating to Ocala, FL & I'd like to know about the living pros and cons of this 2020 experience.
    2
  54744. Third 😂😂😂😂
    2
  54745. no inventory papa! when is the finally going to happen!? my buy box is a joke....a listing a month at best complete joke. Housing is broken AF.
    2
  54746. Those examples in the video $900k to $1.7m are not exceptions either. Have found many examples in FL of these *** who bought a house for $400k and listing it at $780k. Just pure stubborn arrogant GREED. The market is going to slam these people soon.
    2
  54747. I just heard that flood insurance is going up 700%!!!! Holy S.....
    2
  54748. I like your factual & no drama style for the vids.
    2
  54749. Nice rectifier!
    2
  54750. They suck up most of the GDP. That is why people are poor.
    2
  54751. Yea it feels so weird having no debt. Fully funded emergency fund and a paid off house and car at the age of 29 atm.
    2
  54752. I really enjoy seeing the neighborhoods you walk through. Walking is a perfect way to take it all in. Telling us interesting information while you walk is like walking with a friend. It is a great idea to do videos like this. Good job !
    2
  54753. I clicked on this when it said "0" views on my browser. 6 hours later you know have 27000 views. That's impressive. It appears you are sticking to I-10, but Austin is real close just north of San Antonio on I-35. I worked in Austin/San Antonio for one year and didn't want to leave in 2012. But I had to go back to FL since I couldn't sell my house in Tallahassee at the time. I used to get that breakfast burrito wrapped in tin foil at "Rudy's", buy gas, then drive down I-35 to the job. A popular walking area is around the main Town Lake in Austin just south of the capital area. When I realized I had to go back to FL, I chose to work in Davie, FL then later worked just south of MIA. That walk in Miami you often did reminded me of the long run across the bridges from Miami to Key Biscayne which was fun early on Sunday mornings.
    2
  54754. Ive lived in Orlando for 31 years. Probably will always live here. Might move to New Symyrna beach when i get older which is only about hour away but very beatiful and have canaveral national seashore access and beautiful views of space x.
    2
  54755. Yet if renting gets popular guess who's going to raise the rents for more profits apartment/house owners renting because they can't just get a good profit but they're greed is too want and demand more!
    2
  54756. I wonder if you can get the taxes you paid on those rescinded bonuses back??
    2
  54757. It’s because money is controlled by the global elite in order to keep poor people poorer and the rich even richer so no surprise the worlds wealth is with less than 1% of the population! Most live paycheck to paycheck and are one paycheck from living on the streets!
    2
  54758.  @MichaelBordenaro  My girlfriend said you probably won a Morgan & Morgan lawsuit lol
    2
  54759. "A cheaper one like this one." 😢
    2
  54760. praying protection for all rescue workers, as well as victims and families of victims
    2
  54761. There will be an investigation into FTX and many are going to be surprised who was involved in this scam. But yes, not your keys not your wallet and stick to Bitcoin and Ethereum
    2
  54762. It’s crazy Michael. Let’s hope we are not in a world war next year. Things will get worse
    2
  54763.  @MichaelBordenaro  I am torn between a house in Orlando or a high rise condo in Miami
    2
  54764.  @MichaelBordenaro  Finding some on the west side, above Clearwater. On Zillow. One is in Yankeetown. If you search on there for homes only, and 1,200 or less, there seems to be a lot of dot markers (been looking more on the West side). Thanks, Mike
    2
  54765. You will curb demand for gas which is more inflationary...gas was pushed on the US years ago...take a lot less electricity. A tesla owner who Uber drives says he went from spending 600/mo on gas, to a $12.00 20 min to 80% charge once a week. Prices are pretty comparable to basic gas cars. They are investing infrastructure. I plan to get solar panels...there are also solar cars being developed. The tax credit for public transportation is subsidies....
    2
  54766. Loved this with your Dad, Michael. Thank you!
    2
  54767. Developers will buy and demolish then sit on an empty lot or a mostly empty new building when the inevitable market decline comes.
    2
  54768. I have always got paid overtime as a salary supervisor employee. Anything over 45 hours. I have never worked for an American company in the United States for 40 years. Canadian, South Korean and Sweden companies.
    2
  54769. You were talking about how expensive somethings were. If you think those are expensive, don't come to Long Island New York. You will have a heart attack.
    2
  54770.  @MichaelBordenaro  I currently live in Chicago, and am thinking about moving to Florida! It's already getting cold and rainy here... where would you recommend for a young couple wanting some night life, city/town like feel with good job opportunities, and in the cheaper range?
    2
  54771. Btw there is a part 2 to McClellan interview. It's going to shock u.
    2
  54772. Michael is a better predictor than Goldman Sacks
    2
  54773. A winning team ! T/C/E
    2
  54774. GTFO of Florida and come on over to California where it's more affordable bruh 🌴☀️🌴
    2
  54775. My family member works for UPS & their volume & profits are down for sure
    2
  54776. This is my Dad Hahaha, we knew that.
    2
  54777. That's called GENTRIFICATION. Let's talk about it.
    2
  54778. Only deal with and buy from a Born Again Realtor. If they try to screw you over God's wrath will lower their commissions. 😂
    2
  54779. EVs are an alternative, not a solution. Companies should be investing in hybrid until hydrogen is figured out.
    2
  54780. Phoenix area, some price cuts.
    2
  54781. Thanks!
    2
  54782. People say "shortage", but where were all these people living in 2018? I could see local markets getting hot due to a company relocating there....but the entire US? If a guy from CA leaves an apartment for Nebraska, then that apartment is empty. I feel corporations are sitting on empty properties to inflate the bubble.
    2
  54783. I think it's charming for someone who wants city style living near the beach. I'm all over the map looking for a rental income, but none of the numbers make sense with the prices right now. This seems to be the problem everywhere.
    2
  54784. Your intro had me 😭😭😆
    2
  54785. Obrigado 😊
    2
  54786. Hi, can i fit 3 people in these apartments?
    2
  54787. Great common sense approach. Congrats.
    2
  54788. Great Indiana story
    2
  54789. We barely just got started, "buyer's market is back on the menu bois" (coming soon).
    2
  54790. The “kiss of death” is not like it used to be. Government programs will keep many in their homes, banks/lenders will cut deals to keep people in their homes. And if they still can’t afford the home, they just walk away, they didn’t put any money down. And their credit will get swept under the rug and lenders won’t even care in a few years. And if there are a lot of foreclosures the big Money Funds will scoop up the homes at a discount.
    2
  54791. Thanks!
    2
  54792. Michael Bordenero. Sounds like an exquisite brand! I say, go for it!! 👍
    2
  54793. As Gordon Gecko said... "the illusion has become real, and the more real it becomes, the more desperate they want it"...That pretty much sums up the buyer mentality.
    2
  54794. Dude ..you didn’t even see bumble bee hawking you @ 15:20’s did you ? 😂 Anyway, good stuff man. Thank you
    2
  54795. Local market only dropping 8-9% here in Jacksonville, Florida. Watching closely.
    2
  54796. I hear it’s really humid there
    2
  54797. Ya. This is what we want to see. The end of government sponsored cartels.
    2
  54798. Those Porsche towers are emblematic of the whole problem with Miami.
    2
  54799. Thanks!
    2
  54800. Good info for weather. Hears Miami was 84 degrees December 7th
    2
  54801. wow, I'm in that 8%!! I knew I was "unusual", but I didn't know the stat. Great video, thanks!
    2
  54802. Our Future is being Stolen from us for votes
    2
  54803. What are you riding on?🤣 Great video, so now I’ll wait to buy!🇺🇸 😎
    2
  54804. Jobseekers can use the website Glassdoor to research companies and what former employees have to say about it.
    2
  54805. 👍
    2
  54806. Thanks!
    2
  54807. What camera are you using? No way your using a Go Pro Hero 9?? My hero 9 is no where near that crisp!! What camera settings, if you wouldn't mind sharing?
    2
  54808. The wildcard is what will the government do? My money is more of the same. Bailouts to prop up the economy, which will lead to hyperinflation. Homes, cars , food. Going up up up. The government will always print, always. We are done. Get bitcoin and maybe look into a second citizenship. You might need to make a quick getaway
    2
  54809. how did you do it can you share with me , thank you
    2
  54810. Omg I need a safe space …😂. This is why . 1980’s I bought my first house at 10% ! I had a new car, a boat and a motorcycle. I worked my ass off , overtime all I could handle . I just did it . I worked hard and played harder . I’m tired of hearing the whine …It’s hard , who wants to work 50-60 hours a week ..Boo Hoo waaaaa
    2
  54811. Gold and silver are very manipulated markets
    2
  54812.  @MichaelBordenaro  I'm not sure what you mean perse when you are trying to distinguish 'purchasing power' from 'worth in dollars' when both metals have little intrinsic value aside from some industrial use. The banks run the vaults with JPM being the biggest players. they basically have the pricing mechanism pegged as it serves there interests. Not pegged in a real sense but in that they don't let true price discovery to take place
    2
  54813.  @MichaelBordenaro  hi there, I understand what purchasing power parity is, I was just saying that PPP and currency's value are pretty much hand in hand and it is hard to create distinction. I was just engaging in technical semantics. Because gold and silver have no intrinsic value, like copper or nickel, it's only real purpose is to function like a currency. So it is hard to say that I don't look at it like a currency and then revert to PPP with USD being the baseline. So the mere fact goldusd is 1800 per ounce is the same as saying that USD purchasing power has gone down. But in the end I understand your point of view, as a long term investment. So that is clear My other point, which is still rather conducive to yours, silver should be above 30 bucks and gold above 2000, therefore furthering your argument that precious is a good inflation hedge, but every time it touches new highs they have the market capped for other reasons beyond this discussion.
    2
  54814. People on welfare get free public transportation .
    2
  54815. Any video on best time to buy or rent? I plan to move to Florida in another year. Is it cheaper during certain months?
    2
  54816. I’m from California, we will still be moving to Florida in 2024. Does Coral Springs, Coconut Creek area get very affected by hurricanes?
    2
  54817.  @MichaelBordenaro  thanks Michael!
    2
  54818. If you didn't pet that kitty! Almost lost a viewer! Whew 😅
    2
  54819. Great topic today. I come from a family of dream chasers. Always jumping on board the next hot investment (at its peak). One example: Back in the 1980's it was Ostrich and Emus, the next big thing! Wrong! Just recently, the 68-72 C10 truck market. Going bust fast. LOL
    2
  54820. Everything is fine. Stocks jumped. Go spend money
    2
  54821. 95% of the people are just delusional. Completely unrealistic.
    2
  54822. Please, inform yourself about big lot bankruptcy. Not because of labor cost increased entirely. Most part of it was due to private equity.
    2
  54823. why? simple location location location.
    2
  54824. A couple of things 1. Some of the layoffs you mentioned are not from companies in the United States 2. Some of those positions are base level positions that still have low unemployment levels..ie Amazon
    2
  54825. I was skeptical for a moment about your suggestion to hold on buying a property because my experience was always to ‘buy and wait rather then wait and buy’ but in this instance I think you are right. the FED definitely will prefer a recession over inflation and I agree with you that as long as people are still spending the FED won’t reduce interest rate significantly because it means that there is too much money floating around or people are just going into massive credit debts. So to answer your question, I would probably wait until 2024 before considering buying.
    2
  54826. Man, you’re spot on, love you’re insight!
    2
  54827. Habib is a slick salesman, who had little problem "predicting" things during an enormous overdone bull run (so difficult!) but is striking out left and right in the last year. He incorrectly predicted mortgage rates to be back to sub-5s in Q1, got it wrong. Then again in Q2, still wrong. He's a charlatan.
    2
  54828. Great video, thank you! I really want to move to St Pete in next 6 mos to a year, hoping I can buy a small house there before the market gets even crazier! I live in Arizona now, but love the tropical climate, more green lushness and beaches really call to me. I grew up in CT and I know cold winters are a no go, so it's either AZ, CA or FL for me! Its a big decision and so many moving parts!
    2
  54829. So glad you are both ok. Prayers for everyone involved. How awful.
    2
  54830. I agree with Don Johnson the price of cocaine in Miami is too damn high
    2
  54831. Didn't the banks sell forclosed homes in bulk in 2009? I'm guessing those big buyers back then bought them to fix and flip and not as rentals. I remember back then reading about foreign investors buying in lots. They probably got scared of miami falling over 50% tho and passed on those deals. haha San Francisco rules is a joke. Why everyone is running down to Florida.
    2
  54832. Your money is only safe up to the 250k in any one bank The # could have changed, but you get the idea.
    2
  54833. I will always remember that👍👍👍👍🙏🌹
    2
  54834. "Insanity you say?" Joe Biden: "Hold my beer, we got 0% inflation in July!"
    2
  54835. Yes I love free money 💴
    2
  54836. Were you going to broadcast from The Keys this weekend?
    2
  54837. your channel is awesome
    2
  54838. Insurance rates will be a deciding factor in the future FL RE market. IMO with affordability already at historic lows and the future increases in insurance premiums do not bode well for the FL RE market for the foreseeable future.
    2
  54839. san diego is schizophrenic. bidding wars in one area, housing sitting for a year in another (people refusing to lower their ask)
    2
  54840. 👍good info
    2
  54841. I wish making money were like finding autumn leaves. I just bag up a million dollars to pay for a house.
    2
  54842. Maintenance schmaintenance!!! Just make sure the HOA Karens are happy, that your grass isn't 1/4" too long, or that you're not parked a little crooked in your space!!!!!
    2
  54843. Lucky I sold before the downfall
    2
  54844. micheal all the people than complain about the maintenance they should get better jobs i dont understand how hard is that to figure out.
    2
  54845. Thank you for a very informative video!
    2
  54846. Glad I sold my home last year. Just moved in to my new home last week. Oi! What a joy it would have been with two mortgages.
    2
  54847. I've lived in a small town in southwest Florida for almost 7 years now and wouldn't move back north for anything. Less crowded, less crime, my car and house insurances are lower, no sky high gas bill for heat in the winter, my electric bill is lower here even in the summer and NO snow and ice.
    2
  54848.  @MichaelBordenaro  OuT oF cOnTrOl
    2
  54849. CALIFORNIA IS A SOCIALIST STATE
    2
  54850. Hi Michael, I Proclaim that America (and the rest of the World) is in a RECESSION!!!! Heading toward a DEPRESSION. The "leaders" only admit to things way after-the-fact. People need vacations to recover from all the abuse!!! I live in southern Calif. and life gets more shocking every day. A wave of layoffs is coming --- followed by a bigger wave of foreclosures. Where will people go??? Thanks for your great videos - lots of information - hope people learn from watching.
    2
  54851.  @MichaelBordenaro  I don't watch many vlogs - but I always enjoy yours.
    2
  54852. My Great Uncle lived in a super old historic home like that in Pensacola. Not as updated. Absolutely gorgeous I would live in one if I could afford it, the charm you get with these old homes is incomparable to the stuff they build in a month nowadays. I prefer the Victorians. Anyway Michael, thanks for all your videos I just moved from KCMO to Jax about a month ago. I definitely got a lot of helpful info from your videos. I try to keep up with what u post I have to say your desert video with the guitar is pretty cool, my husband and I went on a road trip to CO back in August/ Sept but we never have enough room to pack amp/ guitar. We love camping and we have two furry children that come along.
    2
  54853.  @MichaelBordenaro  Cool. Your helpfulness is definitely appreciated! 🙏
    2
  54854. Thanks for bringing paradise to our room via Youtube, here it is overcast and cold. One day I will be there. Edit: As always, thanks for telling the details, I love the warm breeze that place needs me ahah. Edit: Can't wait to see the CA beach and FL Beach comparison!
    2
  54855. Well, it's 32°F here today which is actually pretty warm for this time of the year. I feel hot right now. I know for some of you that looks like a really cold temp, not where you are used to negative temps. The market here is stupid still and probably is going to stay that way for a while. I paid the rest of my house off today, so I don't care. Buckling down and living below our means over the past 2 years has paid off and now we will just continue to wait for what we want. I'm not paying these stupid prices because I know what it should be here. I also know what wages are here for different jobs. I want all these CA and NY companies to leave.
    2
  54856. delusional exactly🤣
    2
  54857. Off to Newfoundland soon, iceberg chasing, same here in Québec with mobile homes...
    2
  54858. SoCal looks beautiful now its time to rent ...
    2
  54859. Thanks!
    2
  54860. Just loke the military,when sign on for x amount of years you are doing that time.Bonus is the same,dont do the time you pay it back depending on the fine print.
    2
  54861. I want to know Is miami safe place? And how there people are?
    2
  54862. Never buy under an HOA !!! The government likes to approve HOAs because they don't have to fix any of the streets, like paving or roads.
    2
  54863. It's pronounced Dun-ee-den. You should check out Honeymoon Island State Park and Caladesi Island State Park while you're there!
    2
  54864. 😎
    2
  54865. Do you know the percentage of rentals in Fl? I’m curious to know how many are renting versus those that actually bought.
    2
  54866. Good videos sir
    2
  54867. Oh, man…I think I’m five years older than you. I’m behind on moving to Miami. I’ve been there a bunch of times.
    2
  54868. RIP
    2
  54869. Greed!
    2
  54870. All great points, thank you! But on the other hand renting is not a great option these days either. It is hard to know what to do. I am currently renting in IL, but I want to own a home. I’ve been doing research and it seems like in my area the prices aren’t too bad and there is a good amount of inventory. Also in my area rent seems to be higher than any mortgage I would have and apartments are not as good as house IMO.
    2
  54871. Not only a house, teachers cannot afford the average new car payment and insurance. Cops, Firefighters, truck drivers and municipal employees can't afford an apartment or home in those markets. So, they will take their skills to the Midwest, or other markets where they can live comfortably.
    2
  54872. Real estate price doesn't concern me as much as sensible payment terms. "Mr. Owner, if you can be flexible on payment terms, then I can offer full value." "Mr. Owner, which is more important to you: How MUCH money you get or WHEN you get your money?" "Want to sell your property for 10% more than asking price? You can when you sell it to me!"
    2
  54873. Have a safe & fun trip!! Looking forward to the videos 😊
    2
  54874. shakthi shakthi Hello there. Down below on the description he has the answer for that. Good luck on your purchase 🙌🙏💪
    2
  54875. I like your videos man. I like your logic
    2
  54876. min 17:40 thats how an honorable person think,but our generation has just gone to shi..... now days is every animal for its self....
    2
  54877. Yes I agree, not talking about politics is best for your channel.
    2
  54878. This is what should have happened years ago! But they added more 0 down products and all types of programs to defer payments. We need the distress inventory and price crash this year. And laws to tax investors and major companies in single family real estate. Investors out people in 2025!!!
    2
  54879. Michael, Can you please send us more information on Biden's proposed national rent control E.O.? Thanks! David
    2
  54880. Imo get out of debt if you can.
    2
  54881. Congrats on 300k Michael!!🎉
    2
  54882. Can you get a reflective shield for the phone Micheal.
    2
  54883.  @MichaelBordenaro  it was much worse a few years ago if you can believe it, even within the last couple months they had to close civic center park because it was literally a campground for homeless people. Crazy.
    2
  54884. New subscriber and congrats on your 5 year anniversary!
    2
  54885. 1980s. Prices stayed flat.
    2
  54886. Yes, agent is to blame. But the lady needs to be accountable too. If you're not smart enough to do simple math to see if you can afford the mortgage, you are part of the problem.
    2
  54887. Thank you. The tree at 8:30 minutes looks like a huge elephant foot. Great catch.
    2
  54888. All I know is that when EVERYONE is talking about the collapse, it would never happen. It will only happen only when ppl start believing that we are out of the woods. I'm starting to hear the so-called experts saying soft landing is coming and no collapse. Just when ppl start going into FOMO again the collapse will happen.
    2
  54889. First like..!🎉
    2
  54890. I’m a home owner hoping for a crash so we can buy in Florida. I want a lower purchase price so the insurance and property taxes will be lower. I’m also hoping for higher interest rates because the country needs to get off this debt addiction. As the markets crash, the dwindling pool of buyers will continue to shrink even as prices come down. There will be deals, but less people who can buy them.
    2
  54891. Another great analysis brought to you by Michael !! Thanks Michael ! 🤓 Mark Zandi is either in denial !! Or he thinks by ignoring all the signes of economic downfall he can psychologically effect impact of recession !! In any case he is insulting people’s intelligence ! You don’t need to have a degree to see what’s going on and how it effects every facet of our economy and our life !🧐
    2
  54892.  @MichaelBordenaro one hundred percent correct Michael !! He is counting on his viewers ignorance which is pretty insulting.!!
    2
  54893. All of these agencies need to be bankrupted go out of business we need a big reset here this is a colossal mess that no one can fix until there's a reset a hard reset no help from the taxpayers let everything reset let it fall where it is supposed to fall
    2
  54894. what's the point of having insurance if i can't make a claim?
    2
  54895. Thanks!
    2
  54896. No. Too much.
    2
  54897. It could be the land of opportunity in America But also the land of the greedy landlord
    2
  54898. If I was in a building with issues..I would sell immediately..alot of old hi rise s in Miami
    2
  54899. Appreciate the informative content Michael.😀💯👍🏾💜✝️🙏🏾🇺🇸
    2
  54900. On a 1400 hundred square foot of land you own …. It’s like 400 bucks a year …
    2
  54901. $70 million for 1.5 acres on the water front. Cheesus Crust.
    2
  54902. ​ @MichaelBordenaro  people change theme yes but it's not like they click on a new theme and call it a day. The metadata of posts remains the same, yes, because posts are a general wordpress concept, but post metadata isn't even very important for SEO any more. Changing the theme of an website with SEO without knowing a lot about SEO is basically like using heavy machinery to rip out the engine from a car (just rip it out, don't even unscrew anything), then plopping in a new engine, and expecting the car to run. Most themes nowadays have a bunch of information fields you can add that are unique to the theme. Are you sure all of that transferred? Are you sure your schema markup didn't get deleted? Are you sure your accessibility aria tags and image alt text stayed the same? Are you sure your page load speed and lighthouse scores didn't tank? Page load is hugely important for SEO. Are you sure the new theme had images optimized with source-sets for different sizes depending on device screen size? Are you sure that in changing the theme you didn't lose caching and gzip compression? Are you sure the new theme used semantic html under the hood to allow google to understand the content? Are you sure the same headings stayed and they had the same html elements (h1 vs h2)? Are you sure the new theme optimized the way javascript and CSS are loaded and run? Are you sure the new theme doesn't have a number of JS and CSS files that exceeds the maximum thread count the browser will allow a website to use? Are you sure fonts were being loaded properly in the new theme? Outside of code specifics... did you even have any SEO plugins installed that would tell you how effective the website was for a given search term before and after the update? Did you even look at what the top search terms you were ranking for were? Changing the theme for a website that's had a lot of grey hat SEO done to it is basically like a heart transplant dude, and you tried to do it the Mortal Kombat way.
    2
  54903. A lot of people are also moving to the villages up by Ocala.
    2
  54904. If anybody thinks that the Fed who caused the inflation problem, who caused the asset bubble that led to the 2007 subprime crisis is on a mission to 'help' us, is gravely and utterly mistaken. Instead what will happen is that it will just get much much worse from here on. Interest rate hikes aren't stopping inflation, they aren't meant to do that because they have massively increased the money supply and interest rates along aren't going to automatically lower this supply without Quantitative Tightening. What it is doing though is killing demand. And it will trigger stagflation.
    2
  54905. Subprime mortgages verses what we have now..... Isn't it the same thing when the house costs 6 times the buyer's annual salary verses the safe 3 times? Who is buying these loans once the deal is completed? For zillow and rocket and whomever to write these loans, they must know they have a buyer lined up to buy them so who is buying mortgages at such a high LTV? Is it the FED?
    2
  54906. Awesome advice 🕉
    2
  54907. america, geting old and falling apart. condo auctions, on the beach june 2024.
    2
  54908. The wealthy never loose. It’s just so sad .. all around. We welcomed so many new comers during Covid and now most of us can’t even afford to remain in our little piece of paradise.
    2
  54909. Like Michael said....not everywhere in CA. I live in North Bay area, and everything here was as open as Wyoming (where I moved from)
    2
  54910. "These rich remote workers" are gonna' need robots, 'cause no one's gonna' be around or left to make, transport, stock, sell, or deliver any of their crap. The government is doing the worst job at "propping up making things look good right now." Lol.
    2
  54911. they just posted on you tube that a triple threat is hitting people in the tampa bay are and at the beaches. Red Tide , Bronchitis and covid..... just cancelled my trip to Indian rocks....
    2
  54912. Brokers tell the "truth" and paint everything pitch black, promoting gold and silver for a few hours of work. Is that true? Good vid man
    2
  54913. Going out of business , 😂😂 me 2 like that
    2
  54914. Good point regarding Morgan Stanley Mike Wilson is very cleaver and is 100% RIGHT WITH HIS PREDICTIONS. The second home market and especially the Condo's will flood the market with costs going up, as owners will not be able to justify the costs. Stocks and Shares collapse 50% in April/May. Used car sales will be the start followed by a large Bank closing.
    2
  54915. Canadian here. Wish I didn't have to wait until 2026 for the market to crash but at least it looks like a foregone conclusion at this point. Finally an end point is in sight.
    2
  54916. Congratulations on 300K! Walmart is my go to store.
    2
  54917. It will be more and more important to shop around and negotiate insurance that had limitations and high deductible. Disaster only insurance.
    2
  54918. Mike is this still for sale in Miami Beach?6855 Abbott Ave APT 302, Miami Beach, FL 33141
    2
  54919.  @MichaelBordenaro  You think is good location price for?
    2
  54920. I enjoy your videos! If you went just a mile further up from Cocoa Beach, the beaches in town of Cape Canaveral have FREE parking. Also, just a note...You mentioned natural sand barriers....Those aren't natural. Unfortunately, it's from repeated dredging the ocean floor to re-build the shoreline. It's been going on for years. You're actually in Central East coast, not northern Florida....of course north of Miami for you :) The water though is much nicer in southern Florida. It's murky here. :( Nice to see you in my area! :)
    2
  54921. Can’t believe I missed you , this is my hood! Love the show keep up the good work
    2
  54922. Same for Melbourne Australia, freestanding homes attracting a premium price
    2
  54923.  @MichaelBordenaro  someone told me today that San Diego is following suit with the masks, too, though I haven’t heard this yet. I haven’t looked at the news either, though. I had better do that soon! We’ll still go to Disneyland.
    2
  54924. Thanks for the insight 👍 great walk and talk. Appreciate you.
    2
  54925. Richey Rich. I haven't heard that in AGES. LOL. Love your content.
    2
  54926.  @MichaelBordenaro  how come Florida especially Miami is so taking it easy? I can see the beach is packed (through Earth cam). Looks like life is back there.
    2
  54927.  @MichaelBordenaro  I see. Thanks for the answer. Hope to drink a coffee together soon in Miami Beach. Still planning to go in February/ March. Just waiting for the lifting.
    2
  54928. Brian from ClearValueTax is the best source of news
    2
  54929. People in the 1950s and 1960s built cheap tiny houses.
    2
  54930. Good Video!!! I'm waiting!!! 2 months ago Las Vegas had only 2500 homes available. Now they have 6500!!!! I'm working the New Home Builder for NO LOT PREMIUM (40k last year) and upgrade credits
    2
  54931. Thank you for getting off Miami Beach
    2
  54932. I visited KB yesterday😁😁😁
    2
  54933. RE: Jet Flyovers - Michael, I'm all about cutting spending anywhere we can. That said, having spent 6-years in the Marine Corps Air Wing I can tell you that 1.) They need to get the flight hours in somewhere. The more they fly, the more proficient they are. 2.) They're gonna fly somewhere anyway. It could be over a desert or the ocean with no one to see. 3.) Morale matters. In fact, it matters more than anything and Lord knows our military and our people need all the lift they can get right now. 4.) Those jets flying on Memorial Day can do more for recruiting than ads costing twice as much. Young men and women, kids, will get it in their heart to be a fighter pilot watching that air show and go all the way. Like I started this rant, we can stop spending on TONS of stuff. Knowing what I know, this isn't the place to do it. Now, are the jet flyovers annoying AF? Especially when you're trying to shoot a video? Yes. Super annoying. Lol.
    2
  54934. Miami was always my plan if i ever became homeless. Guess i'll have to go west.
    2
  54935. Accidental fires will cure most of this.
    2
  54936. 6:55 *anecdote
    2
  54937. Congratulations Michael on hitting 300k.
    2
  54938. Michael, thank you so much for covering the insurance issue. It's extremely concerning to me & I'm trying to keep up with the latest info on it. I appreciate you walking in a park area. I'd love it if you walked in a marina so we could see some gorgeous boats! 🚤⛵️
    2
  54939. If they inforced the laws they couldnt claim the crime rates are down! Fact😎
    2
  54940. What does anyone think of building your own house little by little by paying cash for each step as you go, to avoid getting a loan? Is that a viable alternative to taking out a crazy high interest loan? Also,typically how long do you have to build your own house? BTW, I'm in Florida. Thanks for any answers!
    2
  54941. Thanks!
    2
  54942. Stuff insurance i'll take my chances
    2
  54943. Foreign developers are coming in and snapping up everything. Forcing old condos out with expensive regs, is accelerating this. Gov needs to cover the cost of meeting the bs regs for grandfathered condos. We need to stop the foreign developers from buying everything up
    2
  54944. It's gaining momentum in Florida. A lot of that.
    2
  54945. 😁😁😁😁
    2
  54946.  @MichaelBordenaro  I’m waiting for it. Your ratings will go THROUGH THE ROOF!! : )
    2
  54947. Being on the front line of the residential RE market in the Greater Tampa Bay Area . I have seen first hand how buyers where / are putting in cash offers above list price. With No contingencies SIGHT UNSEEN
    2
  54948. I never used TikTok and have no interest
    2
  54949. The jobs in Miami must pay a lot?...Workers at McDonalds must get at least $50 per hr right?
    2
  54950. I love the way you say “ price improvement”. Your inflection is perfect.
    2
  54951. We ALL make mistakes! You, at least, are honest to admit a small mistake. Your information and advice are priceless! Thank you for your work!!
    2
  54952. Love your work. Give use that data!
    2
  54953.  @MichaelBordenaro  You seemed totally comfortable in front of the camera like it was natural 👍 You brought up some key topics as well!
    2
  54954. I want to drive on all the UK motorways!!! I'm a Florida native (still here, too btw) who has **always** dreamt of living in the beautiful United Kingdom...sigh...xoxoxo
    2
  54955. 10:15 amen! Bailouts are outrageous!
    2
  54956. You wanna know what's more crooked, messed up, and broken then the sidewalks?? The local and state politicians.
    2
  54957. If u not planning to sell or move you're gonna be ok!
    2
  54958. Like it or not I just am not selling. I enjoy have a garden and growing fantastic food crops in my backyard, I get a Class A property tax exemption so I am paying $12 USD a year in property tax. Sorry I refuse to pay $2,500 USD a month in rent in my area when I can stay in my house practically free on retirement. When I am deceased my family can inherit my house. I would rather live my life as a free man rather than someone enslaved no thanks.
    2
  54959. I think we all are looking at huge recession which to most it will be a disaster. Prepare people this applies not just mortgages! Food, Auto, Households! God sake I don’t know how long and when everything to become stabilized. Feds have and continuing fucking things up with just a patch which makes it more worse!
    2
  54960. McDonald’s is Automating. That’s why.
    2
  54961. nice boat.
    2
  54962. The wage increases are causing inflation, higher wages hjgher prices!
    2
  54963. Very kind.
    2
  54964. we have had a higher demmand in internet upload speed per second of megabbytes for work from home jobs. had to upgrade internet to keep work from home
    2
  54965. "DO YOU WANNA LIVE IN DAYTON, OHIO?" Immediately edits to boats, ocean, and sunshine lmao
    2
  54966. Hey, just curious why you wouldn't want to live in Jacksonville. I was looking into that area (haven't visited yet).
    2
  54967. Another fabulous video Michael.
    2
  54968. Man, I love your videos...keep it up
    2
  54969.  @MichaelBordenaro  Yep that is a high price point to flip. Maybe they can accomplish it. We shall see what the market will bear.
    2
  54970. I've been getting letters from RE agents for a few years, but now they're weekly. I can't live any cheaper than I am now, so the letters mean nothing to me.
    2
  54971. That 1st house sold in 2017 for like 2 mil and they are asking 16 mil.. oh mmm ggg...
    2
  54972. Bulls and Bears make money but pigs get slaughtered. The home owners and agents trying to sale now are the pigs that didn’t realize they were on the way to the slaughter house. Pork chops are going to be tasty over the next year.
    2
  54973. Biden will sign it and Florida AG will sue. Florida is free market.
    2
  54974. OpenDoor soon to become ClosedDoor. This just proves how much ridiculously extra cash got pumped into the Economy starting back in 2020 from the Biden Stemmie Checks and the Federal Reserves Several Trillions of funny money they also put in the system on top of the Stemmie Checks.
    2
  54975. People say they won't live in an HOA, till ther partner threatens to be unhappy if you don't buy that house.
    2
  54976. Most of the super rich people dont know how to spend their riches, well they gonna get an eye opener when there is no food. When I do my analysis on life and watch videos etc. I always look in the back ground like the chairs the wood work, glass, cups,silverware, the list goes on and on. We are screwed. Pull up your panties we are in for a ride of your life if you can make it.
    2
  54977. It’s better to burn out than fade away Michael
    2
  54978. Preach, Michael!!! You are 100% right on everything you said! Glad you spoke your mind! I watch “California Insider” too. It is great! Glad to know you watch it too! Something has to be done! You know I live in California. I am currently in Navarre Beach, FL on vacation. We spent the day in Destin. It is so beautiful over here and so different than California, in a good way! Glad Florida is holding tight and not letting things get out of hand!
    2
  54979. For the algorithm.
    2
  54980. Maybe everyone doesn't get a happy ending. Start living for today.
    2
  54981. I've been watching your videos and have come to the conclusion that you are quite an amazing young man. Your outlook on life and positive attitude in general, are truly inspiring. Keep up the great work!
    2
  54982. In SoCal I see so many listings that are home flips and they always have the same cheap renovations. I'm finally seeing more listings and price reductions. 2023 will be very interesting and I hope these greedy investors get burned. I call out the realtors who promote mostly flip homes on Instagram and they delete my comments lol.
    2
  54983. I hate to burst your bubble Michael but that was obviously a form letter that they sent you with your plaque from YouTube. And speaking of returning bonuses, YouTube just called and said they want their plaque back. 😂😂😂
    2
  54984. No Not Interested Tried it by driving for Uber. HORRIBLE disfunctional experience
    2
  54985. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
    2
  54986. this is good advice. You buy a payment and not a property. Even in strong markets like in the Triangle NC, prices are leveling off simply because of the interest rates. What is your opinion on beach front condos that people buy to rent out ? are they dropping in price like everything else?
    2
  54987. Michael! I'm finally moving to st augustine. Wondering if you have any good resources to find a place there. I'm transferring with costco to the new store there. I'm looking for a place for my grandma and me
    2
  54988. Real cash buyers are less then 3%. majority have loans or credit lines to buy properties. Also in reality buyers are cash buyers as sellers get paid cash when the loan is approved?
    2
  54989. Poor Golfer. Terrible form caught on video. Sorry dude!
    2
  54990. This 76 mil house is such a joke!! lmao 😂
    2
  54991. Seniors, disabled have exception on taxes
    2
  54992. The inclusion of the State of New York in the policy of tax confiscation for failure of property tax and foreclosure without paying the equity for the difference of the tax bill is part of the corrupt Democratic administration policy and it does not SURPRISE the residents. JUST ONE MORE NAIL IN THE COFFIN FOR PROPERTY OWNERS IN N.Y.S .OR JUST ANOTHER RESON TO EXIT THIS STATE OF CORRUPTION THAT DEMOCRATIC RUN STATE HAVE .
    2
  54993. Damn another person that thinks like me. I would even go as far as telling government we want employers to pay us by percentage. Of course, a minimum wage, but also minimum pensions minimum medical just like we pay all city-state federal workers. Why are we the people last to get anything? I stay if you make under 60k you have a 60k standard deduction. As long as you spent everything
    2
  54994. Can i dowload pdf on my phone
    2
  54995. 👍✅🙀✅👍
    2
  54996. In Sweden we normally can get tickets to Metallica for around 80-100 $.
    2
  54997. mike you need to do a REAL ESTATRE MINDSET
    2
  54998. Good job keep it up thanks you are very good at what you do Tom
    2
  54999. My answer: no. And great weather year round = lots of homeless because they take advantage of that.
    2
  55000. Pre 1920's in the UK most folk rented. It was only the growth of the mortgage market and mass house building in the 1920's and 1930's that massively increased home numbers and ownership coupled with Rent Controls which began in the first world war and continued post war and was gradually extended pre second world war and extended further in the 1970;s virtually destroying the entire residential rental market. These factors made it uneconomic for developers/ landlords to build much for rent so they build and sold to owner occupiers. Now we are headed back there, but if there are new rent controls that will reverse the trend and landlords will gradually retreat from the housing market. At the moment there is no major rent control in the UK, but who knows ?
    2
  55001. I will drive one for free?
    2
  55002. Apparently Goldmach Sachs and BOA think the Federal Reserve is going to raise it's inflation target from 2% to 3%, but that just means they'll lower interest rates a few months earlier. Either way it's still a long way off.
    2
  55003. Most kids go to college because of their parents ego.
    2
  55004. Leave it like it is nice and easy going !
    2
  55005. Any house keeping job's
    2
  55006. I just can't wait to pay for a subscription that just lets me rent movies.......
    2
  55007. Thanks!
    2
  55008. Do you think opportunities for assumed loans will become more or less common as the economy worsens? It seems like if they become more common it could be advantageous for people sitting on real assets to scoop up.
    2
  55009. I have everything I need, I don't buy more than I need. I'm content 😌
    2
  55010. Jupiter lighthouse
    2
  55011.  @MichaelBordenaro  Exactly! Thanks for showing us all the lovely neighborhoods.
    2
  55012. Real estate will drown in Florida if the current governor is ousted
    2
  55013. again thank you for life advice!
    2
  55014. Thanks Mr.Florida!!! We appreciate you!!!!!
    2
  55015. He’s right ! Met my wife 2017 for a donut at Dunkin !you know in 5 min if you like each other ! Don’t blow a lot of money on a meet and greet!
    2
  55016. 100%. Realtors. Win
    2
  55017.  @MichaelBordenaro  I've been paying $75+ per month for water in a condo I've rented near the beach over the past 7.5 years. It just went up to $100 last month. FYI Melbourne Beach.
    2
  55018. Metaverse is a very long term investment. It's either take this very risky chance trying to invent the future or die a slow death trying to compete with a Chinese spyware company.
    2
  55019. 😂🎉 great show, keep everyone informed whst you see on the ground 👍
    2
  55020. youre one of the only ones who tell the truth, and you dont lie to protect a political party. If trump were president under the exact same economy all of the mainstream media would be saying the same thing you are saying right now but since they hate him so much they just lie. No i dont support trump or biden, i support me lmao
    2
  55021. Well I'm eastern VA I should tell you how it is over here
    2
  55022. They told Michael a storm is coming. Michael whispered back and said I am the storm. 👍🏽🤣
    2
  55023. I did that thinking I wanted to live in the mountains
    2
  55024. Yes, I would like to hear you play the guitar.
    2
  55025. Nice chat, thanks for the information and assessment.
    2
  55026. Great trees
    2
  55027. Michael, what are your thoughts on the homes baby boomers are beginning to phase out as they downsize or move into ALFs and or SNF?....will there eventually be an influx of available homes, flipping the supply and demand....ie Japan's birth rate has dropped so low they have many home sitting empty because there are not enough young people to move into them. Things will look quite interesting by 2030🤔
    2
  55028.  @MichaelBordenaro  Just 300K a month with No Money..🤣🤣
    2
  55029. Well at least it's not keeping up with credit card interest rates for those who live on credit
    2
  55030. I’m so early I’m going to buy a condo CHEAP
    2
  55031. Thanks!
    2
  55032. How low can they go!!
    2
  55033. Who is buying these multi-million dollar condos? There are so many in every city
    2
  55034. condos for a dollar in miami soon
    2
  55035. Nice for you😅
    2
  55036. Half the country going socialism communism n.w.o...my lord..they are so brainwashed..while fascism globalist brainwashing the whole usa since WEF was born
    2
  55037. LOL Michael B, what shake up your blood pressure by asking why, 'why ask why'. Everything is insane here lately.
    2
  55038. Awesome coverage on the state of the marke and economy! Nice to see you two tag teaming together. This was a great video!
    2
  55039. I like this guy but I just realized he like never breathes😂 when is he breathing when he’s constantly talking😂
    2
  55040. This rain is driving me nuts. Chasing roof leaks, I fix one and another appears. I think I just need to move and blow the place up.
    2
  55041. Doesn’t citizens max out at $1 million replacement cost in Miami dade v
    2
  55042. For the glasses, I bought the same pair from the same seller on ebay. You probably would have luck buying them through a producer overseas on alibaba or something.
    2
  55043. This is how they're going to get us to "own nothing and be happy". Not only will they raise interest rates, they'll raise insurance rates and property taxes to where it's impractical or impossible to own hard assets like property and a personal vehicle.
    2
  55044. Happy new year
    2
  55045. Recession is picking up speed. So do your math about supply and demand on real estate market. Should drop another 50% Imagine Wall Street dropping 30% and more…
    2
  55046. I invest 20% of every dollar I get in stocks. I have 401k thru job as well.
    2
  55047. I cant take much more of this. I gotta go to Walmart and get some anti-anxiety medication, then watch Lizzy walk the dogs.😀
    2
  55048. Michael, thanks for calling out Elon on inflation. While I’m sure he does have quite a bit of data supporting the case for deflation at this current moment, he is underestimating the severity of the inflation that has run thru our country over the last 18 months.
    2
  55049. Visit Yosemite, very beautiful.
    2
  55050. Boomers used to sell their house in the suburbs and move to the cities, but they are not safe anymore, so people are staying.
    2
  55051.  @MichaelBordenaro  I agree! It seems that everywhere I turn, people are in transit, and should Florida appear on my radar once again, you'll be the first person I reach out to. I have also taken the liberty of telling friends and family about not only your channel, but your style of expertise with Real Estate in Florida. Just in case any more of my 76 first cousins from both sides of the family, or their adult children, decide to move there.......
    2
  55052. Yo!
    2
  55053. Congratulations on your 3 year anniversary! Love watching your channel! Keep the great information coming!
    2
  55054. Where’s best for the women? 👀
    2
  55055.  @MichaelBordenaro  Thank you, Michael. So before the lockdown, the "droves" were already on their way? Interesting! Well, you're in one of the best States right now among South Dakota and Texas in terms of freedom. Imagine having to say that in America.
    2
  55056. Forced withdrawals starts at 70 in 401k
    2
  55057. Love this video Michael. Have to say I will take my chances any day with a shark instead of a gator. Those gators just freak me out.
    2
  55058. Hello , I’m in Puerto Rico and my house went up in price 230% since I brought it in 2018. I think the housing market it is on his peak (at least in Puerto Rico) and prices will have to come down. I listed my house for sell and luckily I got a reasonable offer, currently under contract. If everything goes ok, I’ll be moving out of PR to Georgia where I’m planing to rent ( maybe a year?) while I monitor Georgia housing market. Hopefully, I’ll be buying my next house with cash that I made out of the current house, if everything goes ok according to my plans (unfortunately not to good for the majority) I’ll be buying with a huge discount. I’m not planing to get over my head buying a property that I will have to be a slave to pay a high property taxes and home insurance.
    2
  55059. Michael, thanks for the report. How long can a buyer lock in their rate? I thought longest was about 45 days?
    2
  55060. As a nurse I’m willing to bet a lot of these remote workers well have more people end up even more overweight and unhealthy with heart issues and diabetes. Hopefully instead of commuting they’re going to the gym.
    2
  55061. I personally think that a HELOC loan to get out of debt makes a whole lot of sense with one caveat. You gotta figure out how to bring in more income and/or cut expenses so you don’t get back into the same debt situation you were in before you got the HELOC loan. Getting the loan should be the come to Jesus moment you need to make the kind of changes to your financial life necessary to make it sustainable. Worst case scenario is that you have both a HELOC loan combined with a mortgage combined with a bunch of new debt that causes you to default and eventually lose everything
    2
  55062. 😱😱😱😱😱
    2
  55063. Crap I live in Grand Rapids and stuff is so expensive now I hope it doesn’t keep going up man
    2
  55064.  @MichaelBordenaro  you can deposit cash for 3 flat fee to PayPal at Walmart. Other places I think so it but what town doesn't have a Walmart? This concept applies to any online bank. PayPal is free to have and you can just keep the money on PayPal if it's online shopping you do or transfer it to your bank for a small fee or free if you wait one day for the transfer.
    2
  55065. If you are depositing cash for savings, I would encourage you to go to Kitco and buy silver. Gold is good too as a way to preserve your wealth, but silver is ready to explode. Check out Peter Schiff's reports on youtube. Like Michael, Peter will tell the truth about how the game is being played.
    2
  55066. Half a mil for a house is nothing. I live in Vancouver Canada and that won't even get you a 500 sq ft condo. Houses are 1.5 to 2 mil in bad areas and 4-5+ mil in the good ones. I wish I could buy a house for that price.
    2
  55067. But water it IS a money issue. One thing that would reduce water consumption quickly is pricing (the same goes for CO2 of course); As an example, in Denmark (highest water price in Europe) you pay 2272$ for 60000 gallons on water, while in the most expensive place in the US for water, the Monterey Peninsula, the price was (in 2017) 1202$. Each American uses an average of 82 gallons of water a day at home, in Denmark that number is 26 gallons (no, we don't smell bad either...) Equally in DK the price of gas is over 9$ a gallon. People often say that increasing prices will make the US uncompetitive and destroy businesses. Why would that be the case in the US when not in a small country? It's about productivity. When things are cheap or free it increases waste, but when you have to pay, you start being a bit smart. On electric cars and inflation; you forgot to take into account that if demands shifts to electric vehicles (creating there an inflationary pressure) then a similar reduction will take place in demand for alternatives i.e. combustion engine cars reducing inflationary pressures there - AND on gas. Shifting demand does NOT increase overall inflation. Only increasing demand/falling supply does. It's correct that currently only 20% of US electricity comes from renewables. However in 2001 290 billion kilowatthours were generated by renewables, in 2020 that number was over 800 billion and growth continues on that front, now more than ever. "We are not ready for this yet", really? Imagine how the combustion engine market had evolved with this thinking. "OH" says the first guys contemplating buying this new fancy thing called a car "I am not going to buy until there are gas stations all over the US" - I think you can see where I am going. If there is HUGE demand for electric vehicles as there is how can you say it's "premature"? The more saturation you get, the more "filling stations" there will be, and as renewable sources keep increasing and battery development continues the better the entire situation will become. Also when it comes to re-usage of the components of batteries.
    2
  55068. Great info wow
    2
  55069. You hit the nail on the head! Gen Z and millennials are not going to save the day so the greedy boomers can keep all of their equities. Maybe we would buy if we were not getting raked over the coals in rent costs from these said boomers buying everything up. Take it from my experience....my wife and I have worked our asses off and doubled our incomes in the past 3 years but the cost of living goes up even faster. We both have over 750 credit scores with no derogatory marks but like you said our debt to income ratio and for what ever reason they won't finance us for the only decent homes now that run over 300k. We have had to move several times to new areas running away from skyrocketing rent prices but we can't escape it no matter where we go and still allow for good jobs. If I wasn't married I would definitely resort to moving back in with my parents to seek financial relief.
    2
  55070. This Thumbnail made me laugh because the Small palm tree 😆👌🏼
    2
  55071. Great video Michael!
    2
  55072. INFLATION is the hidden tax - without giving those paying it any representation -- inflation is created because those spending/printing the money creates money out of thin air and BTW - they do not have to pay it --- the US Senate is paid $174,000 starting salary from the tax payers ---
    2
  55073. FYI, Arizona has a prepaid rent and security deposit limit of 1 1/2 months (45 days) rent.
    2
  55074. Nice overview of real estate prices around the world. But I think you failed to take into account things such as this: "92% of high-net-worth Americans actively looked at real estate overseas in 2022, according to survey data from Coldwell Banker Global Luxury’s 2022 Trend Report, and 67% of those surveyed already own residential property outside the U.S. Data from Wealth-X included in the report shows that the number of high-net-worth-individuals who purchased a home overseas in 2022 is estimated to be 14% higher than in 2021 and 29% higher than in 2019.." Overall (that includes real estate as well as everything else) U.S. direct investment abroad was 6 trillion $US in 2020 while Foreign direct investment in the United States was 4.5 Trillion $US. My point is that is that if US real estate investors had to invest domestically instead of overseas US real estate prices would be even higher, so to those who say stop foreign investment, be careful what you wish for.
    2
  55075. Congratulations 🎉🎉🎉 on Your You Tube 100,000 Followers!!!😇🙏🎉I watch You (& Lisi) Everyday!!! Joann, from Fort Lauderdale, Florida!🌅🌞💖
    2
  55076. A few months ago I predicted you'd be at 125k by Christmas.......look at you right on target!!! CONGRATULATIONS!!!
    2
  55077. Liked your videos very concise and detailed, but it’s not too late for you to have a family, have one and no regrets at he end. BTW I like Trump to lead the country to run again.
    2
  55078. Can you be a real estate agent while pursuing a career in acting?
    2
  55079. I agree with most points here but for the airbnb landlords being forced to rent out their properties. To all viewers, I would advise checking the rental history before signing a lease. I was too eager to sign a lease last year and now when it comes to renewing the lease, my landlord is jacking up the rent by more than 10%.
    2
  55080. This episode had a Rod Serling/Twilight Zone vibe to it; particularly the beginning. Think they will come for a darker side of real estate program?
    2
  55081. I think the ideal car payment is about $1650/mo with an 8.7% interest rate.
    2
  55082. How does crashing the economy solve the debt crisis? Because they'll be able to lower interest rates again eventually to make servicing the debt more affordable? I'm not disagreeing per se, I'm just not sure I see the connection. The debt is still going to be there, they just can't print their way out of debt because inflation is out of control.
    2
  55083. What's the minimum to make à cashout ?
    2
  55084.  @MichaelBordenaro  did you get paid ?
    2
  55085.  @MichaelBordenaro  what is the next pay out day ?
    2
  55086. When i click on "like" a pop up comes up saying "unlike" happens on all vids i like. So i click on like again...then click again...and i get the "sparks"....why is this happening?
    2
  55087. Insurance for 3 cars I pay 600 a month 😂😂😂😂
    2
  55088. thank you! you got a new subscriber!
    2
  55089. I'm just here for the next cat or dog to attack Michael with their love lol
    2
  55090. Thanks for this great video, Michael! Sounds like things will get even worse for a while. Better have some serious fortitude!
    2
  55091. Id love to do the online banks but ive tried and ive been rejected I just turned 18 and dont have a credit card or a bank not sure what to try
    2
  55092. Thanks Michael! You're videos are always enjoyable and informative! I appreciate your efforts and the atmosphere on your walks!
    2
  55093. The entire financial situation in America is out of control!! The grand monopoly game in place has destroyed life for many!! The government and corporate America are the culprits!! And then the rest is due to easy money via credit cards and irresponsible spending! amen!!
    2
  55094. Those houses are probably around 575,000
    2
  55095. the reason banks are going under right now is because depositors are spending more of their cash. and the banks have lost because of bond markets. along with depositors reducing the amounts in the banks. Smaller banks cannot handle this kind of loss. Not meeting reserve requirements.
    2
  55096. Great info, as always, Michael!
    2
  55097. They want everyone on electricity so they can shut it off on us. Also, they don't want us having reliable heating when the electricity goes out from ice on the power lines, a downed power line, or a squirrel jumps into a transformer. In the midwest the electricity goes out several times a year due to those issues. At least when it goes out, my gas heater will keep my family warm during our brutal winters (30F to -50F).
    2
  55098. Bought my first place, a condo, in Eastern Shores neighborhood of North Miami bch. It's like the area where you're with expensive single family homes next to more affordable (at the time) condos. Bought it 150k in 2016 sold for 170k in 2019. I can't imagine paying the premium ppl are paying now to live in Miami. Might be cool for you to fo a walking tour there for us!
    2
  55099. HOA'S keeps out the riff raff. Worth it if you don't want a broken down car in your next door neighbors front yard. Just saying
    2
  55100.  @MichaelBordenaro  Thank so much for your quick answer mate. Looking forward to watch more of your videos about life in Florida!! ( Is that true that some people refuse to learn English there?)
    2
  55101. OK. I am here to help you think. You say that the "Giving Up" by the sellers is due to the high interest rates. Maybe. This is Not an Argument. But, rather, I tell you that what is happening is the "hive mind" is now, belatedly, coming to realize that what might be termed a "Low Ball Offer," is in fact, a realistic offer. In fact, it may be actually too high. Gimmie a break. Higher electric. Higher nat. gas. Higher propane. Higher Taxes, Higher Property Insurance. Higher Flood insurance. High priced contractors, if you need one. ETC. First Sale is your best sale. The days of Cheap Prices in Kali and Florida, (as in the early 1990's are so far away as to be absurd. To imagine a move up, higher, to the sky, of prices of 11 months ago, is pure nonsense!
    2
  55102. Think Taylor Swift's ticket prices were high? Can we imagine the situation if all four Beatles were still alive, regrouped, and decided to go on one final, fabulous tour? Or maybe it would be ONE concert, but pay-per-view, to keep it fair. I don't think they'd approve of scalpers.
    2
  55103. My man
    2
  55104. Hi 🙄I’m so saddened by this post 🥺☹️ I was an HHA/cna on my way to nursing befor my car accident.. I took care of the needed for 15 Yrs .. this is disgusting! I cannot believe any one could do this.. I personally would take her in to my own home.. please up date her situation 🙏
    2
  55105. I see so Many remote workers becoming tiktok content creators so they are living the dream! Having fun and making money!
    2
  55106. In the old west, when a crisis hit, people reached for their Winchesters or Colts. Nowadays the businesses who are losing money reach [donate] for their legislators to penalize businesses who allow total remote working, a possible wave of the future. When automobiles appeared, horse-related workers either adapted or fell by the wayside.
    2
  55107. NAR has an illness, irrational exuberance, it is the ayndrome that tells them that price will go up forever
    2
  55108. Keep doing your videos in this format. The walk arounds with an occasional property listing infographic is great.
    2
  55109. I purchased my 2nd home in 01/19, and rented out my other house. I kept debating to sell or not to sell. I decided not to sell my rental property 1)I have great tenants 2) I’d like to keep in the family since these prices are outrageous. Should my 2 boys decide to move out they have a place to go to and not pay and arm and a leg.
    2
  55110. I watch every single video from you. Thank you for many valuable lessons and knowledge.
    2
  55111. I love these beach videos, I could feel that beautiful day from cold and snowy Boston. Almost there.🙏🏾
    2
  55112.  @MichaelBordenaro  Yes it did Mike! 😎🌞🌴👍🏾
    2
  55113. My opinion is wait at least until issues in banking sector get resolved. Potential risk of bail ins and/or frozen accounts could be a wrecking ball. Ill wait until the smoke clears.
    2
  55114. I firmly believe there will be a fast market correction instead of a crash. But I wonder about those who bought at the highs that will now be up sise down in equity due to values dropping.
    2
  55115. Time for my daily dose of doom news lol
    2
  55116. You could Not get a mortgage on a Condo if their were more renters than owners in the complex. Don't know if that's true now?
    2
  55117.  @MichaelBordenaro  Way too many Scientologists in Clearwater. Headquarters is there as many know. Plenty of other nice areas to consider.
    2
  55118.  @MichaelBordenaro  Haha! Yeah I can imagine there is. But would seek out a happy medium. Not sure could tolerate a Scientology ridden town. 😅
    2
  55119.  @MichaelBordenaro  I'll be honest with you though. I think what gives Pinellas/Pasco counties such a pleasant vibe is because of the northern transplants from states like Michigan, Ohio, Illinois, Minnesota, etc... From my experience, the upper Midwest has nice people with manners. On the East coast of Florida you have more New Yorkers and those folks are a bit more rash and rough around the edges. Reason being I have noticed the West coast of Florida more laid back and chill compared to the Atlantic coast. It's just a different vibe over there. But that's just my take.
    2
  55120.  @MichaelBordenaro  you're from the Midwest? Yeah, you should definitely get out of Miami.
    2
  55121.  @MichaelBordenaro  where are you thinking of moving to?
    2
  55122.  @MichaelBordenaro  Daytona is nice! You should check out Ormond Beach and Flagler Beach too while you're there.
    2
  55123. Someone needs to tell my property management company, they raised My shit $50 in sept and I have lived here 5 years and never missed a rent payment.
    2
  55124. Super great show! How did you get Nick to come to Florida?! Love you guys so much!
    2
  55125. A federal judge in Texas just blocked Biden's student loan forgiveness, states it is unconstitutional. He gave Biden a tongue lashing and told him- "You can't rule the country with a pen and a phone"
    2
  55126. In Japan you finance homes for 2-3 generations.
    2
  55127. Awesome can't wait to hear what you have to say! Thanks for the reply brotha
    2
  55128. Michael I need you to do a story on the Cape Coral utility extension project they are robbing us taxpayers of a hard earned money and they want us to pay to put utilities in the ground and then we got a pay for new roads as well so I wish you would do a story on Cape Coral Florida I get they need to be exposed to Mayweather John he’s horrible you know we don’t get any federal assistance and nothing in Welland are paying for that project time to other people that own homes in there at 30,000 a piece it’s going to cost us probably $200 million so I wish you would do a story on Cape Coral Florida and how bad that townsmen Ronan and now we’re all going to get shafted with this saw utility extension project so if we should bring some late to work
    2
  55129. 1st?
    2
  55130. Can you send info about the Airbnb you stayed . ? 😎😇🤗🇺🇸🇵🇦
    2
  55131. There will be serious ramifications for Florida, especially the coasts, going forward. It's not just because of this tragedy, but I think this can only add to the mounting pressures on the area. 1. Insurance costs are going to climb dramatically. 2. Sales and rentals are likely to decline considerably. 3. Adequate legislation to monitor structures will be costly, but it's inevitable. This cost will have to be met by tenants. 4. Climate change is already impacting the FL coast and this is going to get worse. Storms are becoming more powerful and more frequent. Many buildings which were considered able to weather a storm 20 years ago are less able to manage it now. Vital changes will mean taxes will have to increase, all while revenue declines (think Detroit after car manufacturing left, you can't pay for vital services with decreasing tax revenues, and it becomes an exponential spiral as more leave because of higher taxes, more leave then because of rising crime and lower standards of living, etc) 5. Other buildings will *definitely* be found to be unsafe. I'm very worried about hurricane season this year. The weather is becoming more extreme and it's no longer just a theoretical problem to be dealt with in the future. It's happening right now in the US and there is nothing to suggest it's going to get any better. NOAA already predicts up to 20 named hurricanes this year, TWENTY. Several of them, as many as TEN, could be seriously damaging. I think this summer is going to be the last opportunity a lot of people have to sell up and recoup their investments. If a series of major storms hit FL this summer, as people now fear, it's going to quickly become impossible to sell up and move out.
    2
  55132. Unfortunately, hurricanes are becoming more damaging, more stress on buildings.
    2
  55133. Thanks Michael!!!!
    2
  55134. That's correct it depends on what your situation your age, where you live and how much money you have etc... heard rate is coming down to the 4 something territory.....wow!
    2
  55135. 8:45 correct , not passive at all... Lots of work on property and peoples brains , god knows.. Lord knows
    2
  55136. Sorry folks, that's why so many Brokers are "transactional"; as opposed to "Single Agency". If things go bad, they cut you loose, and come out smelling like a rose, while you're screwed. If I ever use a Realtor®, they will be "single agency and/or "flat rate". Heck, just hire a real estate attorney. You are going to be making your own decisions anyway with a "don't look at me if things go sideways" "transactional" Realtor®.
    2
  55137. Hi. I’ve lived in FL for 26 years and I gotta be honest, Miami has been one of my least favorite places to visit. Every single time. I lived in Orlando for 20 years and now I live in Tampa, which I love but has sadly become extremely overcrowded in the past year with all of the people moving here. However, I still prefer it to Miami. No offense, but the people there are just pretentious and rude! And It’s overpriced. As you’ve probably noticed, it’s a Totally different vibe than Orlando, N. Orlando, Tampa, the gulf coast cities and the keys. I recommend you visit a town called Safety Harbour over here near Tampa. It’s a dope little town in between Tampa and Clearwater Beach. Also, look at St. Pete. South Tampa is nice but getting really crowded. But either way, come on over to the gulf coast. We’re a lot nicer and more chill.
    2
  55138. Do you want to forever rent in FL Mike or do you eventually want to buy a house in FL? Are you still trying to leave the real estate job? I thought real estate jobs pay well in FL. What other job would you like to do for a career if you stay in FL? Any reasons that would make you move out of FL? 👌🏻
    2
  55139.  @MichaelBordenaro  I’m still in Florida. I visited West Palm Beach then swam at Fort Lauderdale Beach with my rental car. I was initially going to swim at Miami Beach today. All the unexpected heavy traffic prevented me from going to Miami today. I still was able to swim in South Florida today. My layover time in FL is almost over. I’m flying to Las Vegas later today. I’m all over the place on vacation. 👌🏻
    2
  55140.  @MichaelBordenaro  Wow, I thought real estate agents all made a lot of cash in FL. Does YouTube pay more than $40k a year? I would think YouTube was the side hustle. I use UberEats and a part-time job as side hustles. 👌🏻
    2
  55141. The last year reference and comparison is helpful
    2
  55142. Thanks for listing your sources. It's classy, and shows you're not just bloviating.
    2
  55143. You're so right we should be grateful for all we have 🙏🙏
    2
  55144. Good one,thanks.
    2
  55145. THANK YOU.👍🏾
    2
  55146. I bet The realtor love his/her commission!!!….and the sellers home was well overpriced anyway so the seller really didn’t loose out!!!!….the only way the buyer or investors loose out if all the comps in the area sell for about $200,000 or lower!!!
    2
  55147. Cats like you Michael. 😂🥰
    2
  55148. you think gold will go down?
    2
  55149. How much is rent for a month is in Manhattan Beach?
    2
  55150. Personally I wouldn't go too hard on mobile homes if you're over 55. Here in the Tampa area 55 plus mobile home parks are actually quite nice lot rents just shy of a grand a month. If you move to Lakeland, Zephryhills, or Ocala area, your lot rent may be cheaper than taxes on a home in your neighborhood. Fewer regulations than Condos. I have rented a house in Tampa and I have rented many mobile homes. In well ran parks there is not much of a difference. Unfortunately the Parks are being bought up like crazy. The new generation of buyers are nothing compared to the Mom and Pop owners of the Boomer generation. I have seen lot rents in Zephryhills under 600 a month.
    2
  55151. the pensions are underfunded and they are going to grab as much as they can.
    2
  55152. Biden just wiped more student loans, even know Its not allowed !
    2
  55153. 🎉 love that you have Jack on do more videos great teamwork. 🎉
    2
  55154. High rates kills flipping. Until recently people who didn’t have 100 or 200k cash to remodel a house we’re happy to just buy a remodeled flip because they had access to cheap debt. That’s over. A kitchen from 2004 is a lot better than a brand new kitchen you can’t afford.
    2
  55155. I’ve found you in late 2020 and I have enjoyed all the videos you have put out. Great work. Congrats Michael!!!
    2
  55156. Thanks!
    2
  55157. Hey Michael, who’s buying these houses that can afford to have them sit empty for two years? Blackrock is the only entity that comes to mind.
    2
  55158. HI MICHAEL . ⛽⛽ I WANT TO LET OUR ' AMERICAN FRIENDS KNOW , THAT THE FUEL IN THE USA , IS ..STILL.. A LOT CHEAPER THAN THE ..UK . HERE IS THE PRICES .. £1.62P [.A LITRE] FOR UNLEADED PETROL .. THATS ABOUT ' $9.28c a GALLON . THEN WE HAVE .. DIESEL . £1.92p a [LITRE] .THATS ABOUT $10.84c A GALLON U .S .A . THE REASON IM TELLING YOU THIS IS BECAUSE . ALL I HEAR IS THE . USA PRICES , IN FACT YOU ARE CHEAP . .... WE HAVE BEEN THESE PRICES FOR A LONG TIME , [WE BUY BY THE LITRE IN EUROPE ]..... IF WE ARE GOING TO DO THIS WE NEED TO PAY ATTENTION TO THE WORLD , .
    2
  55159. Super video from two intelligent men who really know what they are talking about.Thank you for what you are doing and illuminating many minds....kudos
    2
  55160. 60% to 66% of married couples are two income earners...maybe easier to purchase a house?
    2
  55161. He’s the only guy who could refer to his audience as “guys” and get away without sounding like a complete goofball!
    2
  55162. Oh! I forgot, I'm from Pa. from up north.
    2
  55163. Respect the hustle !!
    2
  55164. You're paying $4000 for mortgage and need that new car to look cool at $1000 month then student loan that will at some time start having to be paid at 7% interest rate yeah we're broke but the big bank guys say the US consumers have bank
    2
  55165. still looking good bro
    2
  55166. Spot on , To much leverage in the system .
    2
  55167. Wow! Very scary how people can steal your mo at these days! You’ve got to stay vigilant!
    2
  55168. Funny I can see those kids looking up your channel 👍
    2
  55169. Great video and info
    2
  55170. It is so important to understand the nuances of this market, and you definitely help us to do that! Thank you, Michael! So glad you knew how to time it, and were able to buy a condo for yourself and sweet Lisi!
    2
  55171. Not buying until mortgage rates go oversold. Simple for me. No need to speculate. Just waiting on the chart to show what I'm looking for then it's on!
    2
  55172. Any wonder why homelessness is on the rise ? Who can afford that in insurance and taxes ?
    2
  55173. Still waiting for those prices to drop in Texas. 😅
    2
  55174. Tax credit works only if you owe $7500 or more on taxes. Otherwise, you are not getting a tax credit.
    2
  55175. Hip Hip hooray ! You made it to 100k subscribers.Way to go Michael.l shared and l was praying to Jehovah God for you.l am very happy for you.🎉😊
    2
  55176. 3 months ago I was locked at 3.1% on a property, the seller couldn't clear title ,now 3 months after my rate is 5.2% ,How much did the feds raised it?
    2
  55177. Hi Michael. Thanks for taking us along on your walk. Hope you are using 50 SPF. These are very nice streets, but I did not see any storm sewers in some places. Is that typical in Florida?
    2
  55178. Writing offers contracts is not at all complicated and will obviously be instantly taken care of by AI for an extremely low flat fee 😂😂
    2
  55179. Michael, do you realize you are loving loving loving the weather there? You go there to check out some places for you two? 🙂💗 Hey Lisi, Happy Friday💛🧡💗
    2
  55180. lets these flipper holding the bag. Eventually if no one buy from them they will cut prices..
    2
  55181. so true...dont buy mobile home to put in a park dumb idea
    2
  55182. Just spend a couple Summers there see how you like it it might be more expensive but California's got some crazy laws going on right now I just saw now they're going to start taxing rule people to have water wells so you pay thousands of dollars to have a well dug then you got to pay taxes on it just one crazy law after the other hope it works out for you
    2
  55183. Gas in Sarasota is $3.55
    2
  55184. Crazy numbers! One third of home owners who purchased a home from 2021 to early 2022 paid over asking price. Of these, 12% paid over 30% for the home. Crazy!!!
    2
  55185. My impression was Flagler beach was more affordable than the rest of Palm Coast. Inland Bunnel is undesirable. Coast is more expensive but worth it for weather and scenery
    2
  55186. What a beautiful; neighborhood Michael. Maybe you can be Dave Rubin's neighbor one day. :-) Not sure where he lives in Miami but I'm sure it's spectacular.
    2
  55187. Great video. I’d also add that the last two years was obviously impacted by cheap money but also a rare case of high demand by boomers and millennials buying at the same time. With our population growth heading negative and boomers dying over the next few years that will add to the supply. Keep it up man
    2
  55188. Hello from expensive So. Calif. I am planning my retirement there is So. Florida. I'm a Beach bum! you got beaches. Yes it is hot here in the summer, but in the winter? I am cold. Not Illinois cold! but Cali. cold. I will deal with the heat and humidity there by being at the beach or pool! and a cold beer, :) I have been looking at Sunny Isles! but I think I will take a look at N. Beach. Sounds really nice. See you on the beach.
    2
  55189. What if blackstone keeps buying houses?
    2
  55190. Hey Mike with everyone overpaying i wonder how many houses are underwater right now.
    2
  55191. Thank you Michael For keeping us up to date with the latest news ❤
    2
  55192. "You'll own nothing and be happy."
    2
  55193. Home prices are going up .. buy and then sell it right away
    2
  55194. You should head over to Lehigh Acres Fl. when you get back home. It used to be a backwater, now there are several new homes popping up everywhere in the 33972 area. I see a new cleared lot everyday now. I’m hearing the ocean front people are looking inland now? My home 2 years ago, $197,000. Today, $400,000. I have a 22 year old roof, been through Charley through Ian, only lost 3 shingles.
    2
  55195. Well I guess in the future you have to go where the States are lenient...forget the rest. That's how they want it..
    2
  55196. There are a lot of people living in hotels also
    2
  55197. "stay alive to '25" sounds like the best advice ever. People going crazy over World War 3 right now have not even remotely thought what doing that means. Did Jamie Dimon get denied when he asked for his 100 plus million US Dollar stock sale in JP Morgan Bank of which he is CEO? So now someone thinks the way to get their business back moving in the right direction is to start demanding signing bonus' back publicly now? That doesn't sound like something in business.
    2
  55198. It’s no surprise sellers are so behind the curve. They’re just now wondering if the housing market is turning. It turned 4 months ago! Just look at Covid response. It was obviously a virus was coming and people just ignored it until it was spreading in the US. Remember them saying “the flu is worse!” Then 2 years later those same people are still afraid after everyone else has moved on. The reality is that the majority of people are just very slow to react to news or information. That’s why you have sellers daily saying “I don’t understand, my house has been listed for a week and I haven’t gotten a single offer!” It’s like yea bro wake up. Mortgage rates are 6%. In a month you’ll be lucky to sell at all
    2
  55199. $1,350,000 for a 1260 sf house built in 1950? It doesn’t even have a garage anymore. And only has room for one car to be parked on the property! And the house does not have a water view. A beautiful area, with amazing views. But not from this house.
    2
  55200. Happiest Birthday Lizzy! 🎂🎉 Really enjoy seeing both of you on these videos Michael!!! Great content, and thank you for your hard work! Blessings to you both!
    2
  55201. Are you going to move out of Miami?
    2
  55202.  @MichaelBordenaro  ok One good thing Florida real estate definitely on the rise I was reading today a lot of young people moving to Tampa
    2
  55203. If they are printing money to create liquidity keep buying the stock market cause money printing can overcome anything. They say nobody is bigger than the market, please, what an asinine statement. Fed has been bigger than the market for 15 years.
    2
  55204. Great video , u my fav florida youtuber, / y Grandfather looks young / initially I thought he was y dad
    2
  55205. That is crazy about Canada.
    2
  55206. Thanks for another great video!
    2
  55207. I lived in Mill Valley just down the road from Sausalito in 2022. I love all the house boats there! I looked into living in one in 2022. They were all roughly $3,500/month at that time and about 400 sq. ft.
    2
  55208. Clearwater Beach gets voted number 1 just about very year on Trip Advisor. They’re both super nice!
    2
  55209. More and more college degrees are not the insurance for one's success in financial independence 🙃
    2
  55210. Excellent
    2
  55211. Michael. Your smile, your Disco Stu finger point, and "see you in the next one", is all the cheerful I need. They call em truth bombs because they ain't warm and fuzzy. Keep doing watcha been doing. People don't want to hear the truth because they don't want their delusions destroyed.
    2
  55212. Why can’t this country use the existing filling station infrastructure and add fast charging stations to them? Why does anyone think reinventing the wheel will work in the long run? And, incidentally, keeping the government out of it would be the smart choice. Look how they f***k up everything they lay their hands on.
    2
  55213. Michael, I'm sure you've heard the expression, "You Plan and God Laughs." It's so obvious that u shouldn't be planning anything for the next several years.
    2
  55214. So tragic. My heart sunk when I saw it on our local new york news. My prayers are with all families involved. I have always said I wont live in any building more than 5 stories, not saying its safer. The local new said the building was sinking and the owners were aware. So sad.
    2
  55215. Agree totally, keeps going up all over the place..It’s draining. Turned 62, wanted to slow down,, working since age 16… it’s exhausting thinking of it all. My Statefarm car insurance went up too. My installments were 132.00 now 160.00, full coverage on my Honda & liability on my van.
    2
  55216. Is this just a super high value area phenomena? Appears that it only works if a builder can replace the building with super high-end condos. How about in lower values areas? Have they every gone bankrupt because the repair costs are so high that owners cannot pay their assessments?
    2
  55217. Like the look
    2
  55218. TRUE ,, it is DEAD economy , i guess how hard to find Jobs for pay $30/hr !!!! will it last long ???
    2
  55219. GOLD WILL END THE FED...........BUY GOLD AND SILVER !!!!!!!!!!!!!!!!!!!!!!!!!
    2
  55220. You cannot look at what the Fed does in isolation, like mortgage rates. What they do affects the world. Firstly the currency markets. Increased rates send the dollar soaring and commodity prices down. This is reversing sharply at present. It alters the treasury yield curve and this has implications for corporate borrowing of all types from Apple to Macy's and foreign dollar bond issuers and buyers. The foreign exchange traders and bond traders(i'm one of them) are playing chicken with the Fed. If we are wrong it won't be good for us or the mortgage borrowers.
    2
  55221. HEY...THEY GOTTA GET SOME DRUG MONEY....IT IS MIAMI YA KNOW....METH, COKE AND PARTIES
    2
  55222. SOUNDA LIKE THE BANK IS CONNECTING MULTIPLE BANKS TO SPREAD THE $250K SO THAT SMALL BANKS CAN COMPLETE. A FEW MONTHS AGO PPL WERE SWITCHING TO CHASE!!!
    2
  55223. Don't believe the numbers We're in a phony economy the trend The younger people are doing our run up the credit cards and just filed for bankruptcy They're young enough They can cover from it
    2
  55224.  @MichaelBordenaro  What happens if you buy a condo and then your neighbor has bugs and you get them? Are you responsible for the exterminator or is the building?
    2
  55225. Every point you have made is so very true!
    2
  55226. Awesome
    2
  55227. You can’t default on credit cards …. Banks made sure of that. ….
    2
  55228. Good to see Lizzy again and you are always complementing her, that is so nice to hear. You both make a great looking couple. Enjoyed the guitar playing even though I'm not a big rock fan but love music. It was really good, not that much. Thanks for everything you are sharing and it's really helped me in my 60's can you help me to understand and make some great decisions. Be safe and enjoy yourself.
    2
  55229. Imagine you going to a bankruptcy lawyer for your problems, and he owes $100,000 in student debt.
    2
  55230. If the builders can’t finish the neighborhoods for various reasons, including supply shortages, why do you believe institutional investors can somehow get these unfinished neighborhoods completed?
    2
  55231. Damn, I couldn't find anything to disagree with today 😉 Let's look at some drivers of inflation: a) high demand - this depends on how rich people are/or feel compared to their current asset situation. People have been feeling rich through skyrocketing asset prices - both equities and housing - and because of stimulus. This is coming to an end and will thus reduce future inflation pressure. But it always needs to be seen relative to b) low supply - driven by global supply constraints. Global Covid epidemic wrecked supply chains for a couple of years. China is still locking down and causing trouble on that front. If China decides to stop lockdowns and let the virus spread it risks plunging the country into a high spread situation with many sick and dying, which will again strain supply, and if they decide to keep locking down supply will also be strained. So no matter what we should expect this to be a future driver of inflation. c) high energy prices - have been caused by Russia's war on Ukraine. But prices increases have been tampered by China slow down. If China manages to get out of lockdown and avoid a massive local epidemic, they will need far more energy and prices will go up again. China will also need to support its own weakening economy (especially in real estate and construction) with stimulus. d) high commodity prices - are also very much a factor of China and Russia's war, so the same applies as in C. It is also driven by climate which affects food prices. e) low unemployment (local) - this especially drives inflation in the service sectors (because most manufacturing is done internationally). It is also driven by local demographics (more old people and fewer young) and labor participation rates. Lots of people in the 50+ group have left the work force after Covid, many feeling rich enough to retire, and are unlikely to come back. It is also driven by lack of immigration (politically driven) Will likely continue to be causing inflation. f) high labour cost (international) - low labor cost in China has for decades been a massive factor in keeping inflation low. This is now over. Furthermore countries are wary of depending on China for much of manufacturing and will bring it home which will add to labor force pressures and cause higher producer costs, ensuring inflation. g) higher inflation expectations - all the above cause us to expect inflation and set higher prices accordingly to be ahead of the curve, which in itself causes inflation. So all in all my prediction is inflation will remain stubbornly high for many years to come, and this will ensure higher rates than people are expecting at the moment.
    2
  55232. Michael, you talked about retirement before. If I remember correctly, your plan is rental properties. Do I have this right?
    2
  55233. Let there be light!!!!!!!!
    2
  55234. I'm one who does NOT regret buying our house in 2021. Why? Because we love our new house. A really desirable house in a very desirable location. And the fact that we sold our last home to buy the new. Although, suppose to be, we paid "too much" for new house.. BUT, we sold our last house for a MASSIVE amount. So in this case, it kind of offsets this
    2
  55235. No sir. I understood the question, and I still don't want to do that.
    2
  55236. TY. 👍
    2
  55237. Stop raising the debt limit and force a balanced budget that includes debt paydown!
    2
  55238. Hi Michael, my husband is very interested in moving from Boston to Miami. Tired of the long cold winters here in Boston. In perhaps 2 years, we will be visiting Florida.
    2
  55239. There are some real bad apples working in real estate. Telling buyers to buy now is tantamount to financial injury.
    2
  55240. ok so, until rates are lowered they arent, also inflation has not really gone down, also they will do whatever they need to do to stay in power, so they will lower rates for Biden which will release liquidity, and then make people vote for Biden, but overall make the economy worse, they've been not raising rates high enough to fix anything anyway to not let the real recession that we need to happen, its all bullshit
    2
  55241. News Flash 💥 There's pissy people everywhere
    2
  55242. Got the news flash and you are absolutely right.
    2
  55243. You should never borrow money on your primary residence if it's an investment property maybe ...I did mortgages once upon a time.
    2
  55244. I am so glad I am NOT participate in the employer sponsored 401K. I declined it AGAIN. Can make more money by investing in R/E and holding it (it will eventually appreciate, and you have a roof as an excellent hedge against inflation). CASH, METALS, R/E, COMMODITIES = THE BOMB
    2
  55245. Im flush. Have 12+ month emergency fund sitting in a high yield savings and my brokerage account sits in 5% MMF (cause the stock market is a ponzi ready to rug pull any day now) no debt other than a car payment (1% loan) and mortgage (5%). I was not interested in spending for black friday though. Data point for you is my main job is 140k year did around 250k total this year with a side hustle, I live in GA 36yr old M.
    2
  55246. No, Zillow price doesn’t include all type of utility costs and potential home maintenance and repair fee, that is big amount too.
    2
  55247. I contacted a car dealer about a car that they had sitting on there lot for about 45 days. They had just sold it. Now they call me 3 to 4 times a week trying to make a deal on another car. I just blocked t them. 😂. The reality is demand for goods has fallen off a cliff.
    2
  55248. yeah.. check the price of a new car.. or worse, the price of a new pickup truck.. There's some inflation.
    2
  55249. No sidewalks on that residential street??
    2
  55250. And thanks for the joke at the end:) need some pick me up after the doom and gloom
    2
  55251. I appreciate the video, destin/fort walton is the ONLY area I havent visited in all of Florida.
    2
  55252.  @MichaelBordenaro  Yep. Working remotely. It's an enabler.
    2
  55253. Here we go again, Michael! Silverlakes in Miramar just had 4 houses sold this week in less than 8 days in the market. South Florida is another animal.. all on an asking price or slightly higher... Middle class is just screwed in south Florida... Here will be the new California very soon.
    2
  55254.  @MichaelBordenaro  Very true. If you love beach, why leave!
    2
  55255. Thought you were going to say gingers. Lol.
    2
  55256. Consumer debt is at an all time high. Americans are spending big after two years of being locked down because of Covid 19. Once they have maxed out their credit cards and can no longer borrow money our Country’s economy is coming to a sudden stop. Debt free living is the only hope for individuals financial security.
    2
  55257. @MichaelBordenaro  what it means though is it will be postponed another year or 2 by people gearing cash out. Then the property goes down then they foreclose with no cash in home. Crazy!
    2
  55258. About to close a deal on a 165 acre alfalfa farm. Wish me luck! Much love Michael-
    2
  55259. Great video.
    2
  55260. First👏👏👏
    2
  55261. Pay check to pay check here and it's circle with no end. Raises from company I work for have not kept up inflation for the past 3 years. This company is worth many billions. Go figure. Thankful for job though.
    2
  55262. I just subscribed to your channel. Enjoyed listening to thoughts that I have believed for a while. We can't continue these schemes and gimmicks before reality hits us in the face.
    2
  55263. So there!
    2
  55264. Interesting questions. There are no easy answers to any of them that's for sure. We can pass a law that stops corporations and foreign investors from inflating markets. But all that will do is crash the economy. At least that is what it will do initially. Those guys would sell off for pennies on the dollar and write it off as a loss. Or file for bankruptcy with smaller firms and call it a day. In my opinion when the economy does tank is when we should pass legislation to fix this if it's even possible anymore. We all know millennials are going to lose it in the next crash. Many moved out of state or left California for greener pastures. Many of them want to move back to Cali or realize living in rural Idaho is fun for two weeks out of the year. Not full time. Most of them used mommy and daddy's money for the down payment. So they feel no real loss when they go under. It's just the truth of the matter. When you don't work for the money you don't care as much to see it go. Corporations are going to screw all of us in this but everyone knows that. And when the economy does finally tank we will be competing with the Chinese who are trying to get their communist money out of china. I dealt with them in so cal for many years. Smile to your face and stab you in the back type of business people. It is just so complicated right now and that's what drives me away from investing in real estate at the moment. A 6% cap should be acceptable in Los Angeles not St Augustine Florida lol. I see people jumping at 3% and it makes me cringe. 10 to 12% ROI used to be the norm in Costa Rica. Now reputable agents are selling things at 6% like it's the best deal on earth. 6% on a 100% cash down investment property is complete trash. And yet they push it like people are getting the cherry on top as well. We never even recovered from 2008 and we are back in it again so I can only imagine it will get worse this time around. I hope those who bought will keep their shirts but the sad reality is suicide rates and drug addictions are about to sky rocket.
    2
  55265. I'm with you in the first camp. I pay my balance in full the day I receive my statement. Paid before the due date
    2
  55266. More Pensacola/ Emerald Coast Please! (sorry but i'm moving in January and can't get enough)
    2
  55267. Cool, I'm moving there from LA. Looking forward to it.
    2
  55268.  @MichaelBordenaro  Greek food IS great, and another fun restaurant in Tarpon Springs is Crabby Bill's. Not right on the water but lots of great seafood - crabs in particular - and a real lively, fun atmosphere.
    2
  55269.  @MichaelBordenaro  It is likely a chain. After my great uncle's funeral, we went there and had a great time - lots of laughs, pretty loud, beers delivered in buckets, good seafood, and just a fun night!
    2
  55270.  @MichaelBordenaro  I looked it up and it appears there are 6. 8ndian Rocks Beach is the one closest to Clearwater (perhaps that is the one we went to, as Tarpon Springs is not listed). My great uncle lived in Tarpon Springs, but Cemetery service was in Curlew Gardens, Dunedin, and since I wasn't driving, I may have a foggy memory of where the restaurant was. They are in St Pete, St Pete Beach, Sanford, Indian Rocks Beach (just south of Clearwater Beach) and a couple other places further away. It is a winning concept, and a catchy name, so not surprised it is a chain. Indian Rocks is the original, and perhaps in August 1994 - when the funeral was - it may have been the ONLY one.
    2
  55271. Thanks!
    2
  55272. I love your vids. Yes! they are helpful. Keep up the great work!
    2
  55273. A group that is receiving a great benefit are Veterans with homes and they are 100 percent disabled. They do not pay any property tax. Florida alone is a boom in that regard. Also retired military with 100 percent disabled also can have their federal income tax reduced if not stopped.
    2
  55274. I would have liked a few more comments on the Cybertruck.
    2
  55275. Thankfully I can get around powered by burritos. I ride a bicycle :)
    2
  55276. Great informative video. Your right. I believe that the housing market is going to drop. Just like the airlines. Airlines are having problems keeping pilots and not many are replacing the ones that have to retire because of their age of 60. They will eventually have to that. It’s not the weather, or anything else. They are over working the pilots they have now.
    2
  55277. Guilty, we ordered out SO MUCH like I don't even know where most of our money went, well I do but yeah. We're good now cause we cut back because we had to and we don't have to worry about getting groceries anymore, we still have a good amount saved but not has much has before.
    2
  55278. I really like your walk and talks. You cover alt of what I’m interested in. Thank you for all the info!
    2
  55279. I know so many people that flew in from NJ to buy property in Florida.. A big percentage of the last wave of buyers was from other states , Countries.. The WORLD REALESTATE is collapsing, you don't think it will affect us ????? THATS THE BUBBLE we are in ...
    2
  55280. Junior did not disappointed😁👌👍
    2
  55281. Getting a job before moving to Florida would. be responsible. Why do that? Rent is extremely high down there based on what you get.
    2
  55282. Im watching this not for me for my friend I’m trying to get an apartment and I have my parents as co-signers and all that but my friend who I want as my roommate doesn’t have a co-signer but he has money saved up so should I just be like my roommate has money saved or what do you think I should do?
    2
  55283. In places like central Florida and Illinois prices are sky high. With such high interest rate it will become a struggle for people to buy considering average income in these kind of states. Prices in these markets will eventually give in my unprofessional opinion.
    2
  55284. Move to Parrish and raise a nice family. Parrish is one of the hottest towns to move to.
    2
  55285. I'm hoping they go to 23 percent like the good old days in 1981.
    2
  55286. The trickle down has begun for sure... some of its end of buying season, rest is 41% appreciation since 2020.. Last down took from 2007-2012 to bottom and start the trickle back up...not gonna be a crash...just a slow bleed like the natural cycle should be. I dont see 50% to bottom, maybe 20-30% when the consumer debt eats these over payers alive and forced to sell because the equity is gone and no longer able to use home as a piggy bank.
    2
  55287. Thanks Fiat Money And Nixon 💔💔💔💔💔💔
    2
  55288. Retired at 44; paid of house, pension plan, healthcare plan; not complaining. ❤🎉😊
    2
  55289. We are all going to be challenged by this downturn. However, if you genuinely cared for your customers during the good times, odds are that they will care for you during the hard times. No deal is a “one-time deal” if you do it right. Great video!
    2
  55290. 6° in Connecticut. Excited because it's going up to 19° I'm tuned in for the information and the scenery👍🏾
    2
  55291. Golfing sucks BUT its popular because it really is an excuse to get away from the wife and kids and hang with buddies for a few hours, grab some food and some beers.
    2
  55292. You are awesome, Michael. Love listening to you!
    2
  55293. Pick a lane, it's clearly a corporate grab and not the "government" or "socialism" - it's just capitalism and an attempt to pass through the losses
    2
  55294. You inadvertently hit on something. Gvmnt doesnt want us living an inexpensive lifestyle. Takes away tax dollars and makes us less reliant on the system.
    2
  55295. Thank you for this podcast. IMO it could be shorter and still convey the information.
    2
  55296. Excellent advise from someone who is living it. Thanks for sharing your experience.
    2
  55297. Michael, all that nonsense about twitter being in danger of crashing is "fake news". Twitter is doing just fine. In fact they are actually doing better after the swamp has been drained. The media is just trying to make twitter look bad and that's the long and short of it. Don't believe what they are saying.
    2
  55298. The american dream is over unless you win the lottery, the liberals in control want you poor and the elections are rigged in there favor so they will always be in power, ITS OVER!
    2
  55299. I mean usa spends 800+ billion on military a year while next leading country China only spends 250+billion . Talk about that no one ever wants to talk about all that money being spent . There needs to be a major allocation of those funds to help americans because we act like we don’t have the money to. Foreign aid is just a distraction to piss people off and make em not see the big picture.
    2
  55300. For the 30-minute consulting call... Is reviewing Miami Beach real estate market and investment related in 33139 a valid topic?
    2
  55301. I love your videos Michael! You seem very genuine and common sense realty is not as common as you think. It is really interesting to watch the differences of opinion about the RE market. Ramsey stated in one of his recent videos that now is the best time to buy a house because the trend is for overall housing prices to increase, which the overall trend is true but thats long term thinking .In the short term prices can fall. What I think is weird is that that logic can be applied to say "it's always best time to buy a house" if you think it will increase in price. 5 years from now, it will be better to buy than to wait 5 more years using the logic. What do you think Michael?
    2
  55302.  @MichaelBordenaro  thanks for the response! I think we may have seen that video you’re referring to. But yes I had that thought while watching his video. He has great ideas but that wasn’t one I agreed with! Thanks so much!
    2
  55303. Plus no guns in Portland, you get what you ask for
    2
  55304. Thanks Mitch! Mind your step! :D
    2
  55305. Everyone is trying to scame everyone else these days, not only linited to America. Worldwide.
    2
  55306. 100F and you never broke a sweat, impressive
    2
  55307. Agree beaches, Santa Cruz is closest you'll get fir Norcal surfing but it's really cold there compared to when I was surfing Orange County and Venice or Malibu
    2
  55308.  @MichaelBordenaro  Hi Mike. Do you know the actual names of those two parking garages? I was going to try to google them so I easily drive right to one or the other. I definitely prefer a less crowded garage in a safe, legit, secures location right next to a beach access water point. Thanks. 😃🌴🌞
    2
  55309.  @MichaelBordenaro  I just modified my FL trip for next week. When I fly back to Florida next week, I think I’m just going to stay in Orlando but visit St. Augustine and Sarasota. I can visit Miami again when I fly back to Florida later this year on a layover stop on my way down to Panama. FL is one of my favorite states to visit. Do you sometimes miss the change of seasons, higher up north wages and the mountains staying in FL all year? 👌🏻
    2
  55310.  @MichaelBordenaro  Thanks for your reply. I look forward to seeing what you learn in your road trip!
    2
  55311. Call Michael a minute it’s interesting to see the market in Miami but I think the market in Miami is pretty expensive for months and months I know I’m not an investor in Miami I mean I’m new investor in the southwest Florida area as far as investments Covid I don’t think I’ll be by in Miami
    2
  55312. Looking cool AF Mich! Thank you for this!
    2
  55313. As much as I enjoy living in Central and South America. I do miss the fitness parks as you are showing in Miami, and around the U.S. For the time being, I'll have to be content with hiking, biking and sailing.
    2
  55314. They call it the "American Dream" because you have to be ASLEEP to believe it. It's just now becoming more apparent that the country is totally subverted by global financial powers
    2
  55315. There might be an "issue" with that house (six months on the market).........
    2
  55316. It will take a year to fully crash out FYI....
    2
  55317. Had a DiGiorno with my Bordenaro tonight because I'm a cheap ass bastard and not paying $30 for a pizza
    2
  55318. Lmao you think tech laying off 5K people is bad wait until these small businesses fail and let go of 100K plus people
    2
  55319. Thousands of people in every city make more than $100k. Majority of thema are married and together make $200k. There arent millions if homes, these are the people buying them. Nowadays its time to find what career can get you $100k + per year. Start looking into it.
    2
  55320. US is following the fall of Ancient Rome! Look into history to see how many empires had fallen.
    2
  55321. That 35 year old's story...dear lord...he needs to grow up. I would've thought he was 19, hearing he was 35 blew my mind
    2
  55322. All properties around me (East ORL) have gone up 300% since 2017. The closer you get to the city it drops to 100%-200% since 2017.
    2
  55323. The Fed minutes was just released. They expect a recession this year after the bank collapse.
    2
  55324.  @MichaelGiordano777  thanks so much for your reply! We will definitely avoid them!
    2
  55325. Your videos are always on point much respect brother! I’m glad I found your channel ironically after visiting family in siesta. I wish more would be straight to the point and real when it comes to the market like you are!
    2
  55326. 3k is not expensive woow. I am dirt poor then !
    2
  55327. be for real....some modern conveniences ARE worth the taxes. fire fighters, ems, police, teachers are all paid on tax dollars. focus on the paychecks of the representative you send to the capital.
    2
  55328. Builders are taking a beating in Florida
    2
  55329. You want to own a home. Be prepard. 20% down and a 15 year loan is the way to go. That's $100,000 down And ~$3700/month payment And you should have about 6 months of salary in the bank at all times.. that's ~$100,000 Save, work as many jobs as you can... its possible.
    2
  55330. The new American dream being sold these days is “you’ll own nothing and you’ll like it”.
    2
  55331. wieners & beans = more disease= more prescriptions = more dead Americans diabetes addictions homelessness domestic abuse violence and crime suicide Micheal, it's already broken.
    2
  55332. First
    2
  55333. Fantastic advice the kind of
    2
  55334.  @MichaelBordenaro  I was told Feburary is cooler here usually . My first Feburary its hot
    2
  55335. Hello
    2
  55336. Hi. At first glance, you look like Gavin Newsom...Gov. of California 😂😂😂. I wish he was as smart and truthful as you. Thank you for the great work 👍.
    2
  55337.  @user-yy9be9mi6n  Right back at you!🙏
    2
  55338. Blackrock is an evil entity. You can control the real estate market by buying on the edges. It is now behaving much like the stock market. If weakness shows just bid it up with free money. Everywhere you look in the US you see corrupted markets. Market fundamentals with both stocks and housing are no longer relevant.
    2
  55339. Thanks for all sharing your thought 🙏 I learned a lot from this video🤓
    2
  55340. 👍🏻
    2
  55341. this makes me even more indecisive 😪
    2
  55342. More corruption from the insurance companies. Biggest ponzi scheme ever.
    2
  55343. I am terrified of my rent going up when my lease is up. I hope housing crashes.
    2
  55344. Is Florida home insurance becoming too expensive?
    2
  55345. My daughter has to sell and buy in June and July and isn’t sure what will happen or what she can do.
    2
  55346. Congratulations on the 3-year anniversary. You are the only channel I look forward to when I get the pop-up! I plan on relocating to SW FL.
    2
  55347. Get an e bike!
    2
  55348. it feels like doom and gloom because world is changing. You ain't making it up, look around, facts dont change the math.
    2
  55349. Michael I want to make a request for your music performance, anything by Hendrix ,Zeppelin, or even the Eagles! Both of you keep up the great work!
    2
  55350. Great Video , thanks for posting this~. Really enjoyed it.
    2
  55351. Correction. Mortgage broker here. We do not use any life events to make our decisions. We want to approve people that’s how we make money. The only time we will use life events is if it effects income like if you were fired, changed jobs or became self employed. As far as having a baby no one will ever deny or approve you if you had a baby, death int he family or had a divorce or separation. The only time we will question a divorce or separation is if the divorce is finalized, and also if there’s alimony you have a waiting period before we can use that as income. No lender is denying anyone based on what you said. Lenders don’t make money denying people they make money approving. And the 100% no money down is available for everyone. No income limit. There’s 3 different type of programs. No money down where you just pay closing costs, a program with a first and second mortgage to cover the down payment and than the third program with a grant from the city.
    2
  55352. Can you do a video specific to Miami
    2
  55353. Wait till they have to raise them to around 18% - 20% to stop inflation....like Volker did in the 70's.....if they don't raise above the inflation rate the currency will collapse...and turn into toilet paper
    2
  55354. thank you Michael 👍😉
    2
  55355. Hi Michael, I recently watched a local news segment on ABC here in Chicago that spoke about Rockford having the hottest real estate market in the nation right now... I remember that you posted a video here on YouTube over the summer of your visit to Rockford to see your parents.... I wonder if it would be an interesting article for you to look into and comment about in one of your upcoming videos... thank you for all that you do. I enjoy trying to watch your videos as much as possible on the way home from work
    2
  55356. You could say anything gained without labor or by owning a revenue generating business is “fake”. We bought low and sold high. It is what it is.
    2
  55357. A tight supply/demand situation is not enough to drive down prices, but it does mean the market is extremely brittle. Add any selling pressure at all, and prices will crumble. That selling pressure could take the form of layoffs, foreclosures, real estate investors fleeing, or retirees reaching retirement home age (82 years old). All of these are likely in the current setup, over the next few years. Hemingway described it best. It happens gradually, then suddenly. Just like the bank collapses.
    2
  55358. Maybe not a mortgage crash but more like a prolonged mortgage crush
    2
  55359. Look at the sorghasm.
    2
  55360. And I thought about idea renting a studio in high rise… just crazy
    2
  55361. Congratulations 🎉
    2
  55362. you are completely correct! but most HOA members are just spendthrifts! It's not their money.
    2
  55363. LOL
    2
  55364. Michael what are your thoughts on the central Florida area near Disney? Buying now a good idea w incentives? Talking new builds. Love the channel
    2
  55365.  @MichaelBordenaro  Tip - buy a home one year from now.
    2
  55366. GOOD ONE TODAY
    2
  55367. Recently the big corporations have had an advantage by getting their money at a lower rate on bonds than homeowners on a mortgage. If the economy causes bond defaults the bond interest rates may go up taking big corporations out of market. Don't expect this down cycle to be the same as the last. I lived in S. Florida in 1962 with cuban missile crisis, 1985 in Denver with the oil crash. Crashes are not all the same and changes come afterwards.
    2
  55368. Does paypal charge processing fees payout?
    2
  55369. Sage advice; pretty much what I heard from my accountant, immigrant father growing up in the midwest. Diversify diversify is fundamental principle. Passing this on to my son (hello there son). Prayerfully, he listens~
    2
  55370. Don't walk into an alligator 🐊 we all still want too ⌚ watch.. Hap birt day our new language 😁
    2
  55371. They standard of living is much too high in the US and there's all the untapped 401Ks and IRA'S waiting to be sacked by federal government. Of course the wealth has to be spread around Comrade!
    2
  55372. It Flooded in Michigan a couple years ago and this guy was just chillin on his roof in a lawn chair reading. He must have had good insurance.It was when the dam broke in Saginaw.I dont live there thank The Lord ,but we were there when it happened .Ambulances were going down the road with a loud speaker saying "The Dam has broke evacuate NOW!"people had literally minutes to leave there homes. It was awful and still not fixed.Good luck guys .
    2
  55373.  @MichaelBordenaro  Looked like way too much water.Poor Lisy still watchin over the pups .GoD bless her heart.
    2
  55374. Do both people get money?
    2
  55375. Well, Michael, be glad you don't live in oklahoma. I'm in the same age group as you, no accidents or tickets, and pay $240 per month. $0 deductible for acts of God and $1000 deductible for collision. I paid $180 per month before moving to oklahoma and I had a $500 deductible for collision.
    2
  55376. I think our real estate investment from January is up about 50% since we bought in January. I was really concerned at the time that it would go in the opposite direction, but location and price was key. Forest, VA is a hot market.
    2
  55377. I'm in this area many times throughout the year and I have to say that this is a great and accurate assessment of the beaches and parking! One of my favorites on Sanibel is Lighthouse Beach which you didn't mention. Parking is currently $6/hour which all of them have gone up to. Parking is somewhat limited but it's a great spot for seeing a lot of dolphins!
    2
  55378.  @MichaelBordenaro  I know, it's laughable. Denver has also experienced a growth boom with people moving to Denver (a western, mountain city with Native, miners & cowboy roots) and complain that it's not like NYC, SF, LA or Miami. Folks need to discover places as they are. Their experience is more enriched if they do, if not, then get out of our town! : )
    2
  55379. Beautiful Home at the beginning!!! There's a drought in the West and there will be rationing. Colorado River, Lake Powell and Lake Mead is drying up!
    2
  55380. That commenter Peter Liberty is a well spoken gent and lays it out just right.
    2
  55381. Thank you Michael for sharing 🥰
    2
  55382. Wow how cool that I just told you last week that I grew up on Biscayne Point, (when I first found you and subscribed to your channel )and that my parents owned my childhood home there for 50 yrs. When they sold it about 8 yrs ago it was demolished and a beautiful two story home is now on our old lot. It is 1811 Cleveland Rd on the Wide Bay side!! I was hoping that you would take a walk on BP since I recently saw that you took a walk on Normandy Isle and all I had to do was go back to your older Videos...Back in the day the R Bus came onto the island but doesn't any more and when I missed the bus it was a mile walk from Biscayne Elem to my house We were about as far back as you could go near Biscayne Point Circle. Back to watching to see if you walk past the house that is now on our lot....LOL...I just found it at 21:40 you commented that "it is a beautiful yard and a beautiful house", and I agree ... they really did do a great job when they demolished our old ranch style home and rebuilt that house. The owner now she is on my FB and she sent be a picture of all the dust from when the Champlain Tower collapsed, I Never realized that we could see that high rise from my old back yard if we looked to the right. I mention this only because it was because I was watching your video when it first collapsed and that is how I found you taking a walk in my old hood. Our son who is just a couple of yrs younger then you, had just been with our grandson visiting my dad who is living in Bay Harbor now, and a neighbor of ours on BP had a staycation at the towers that my dad had access to when he wanted to go to the Beach. He took my son and 5 yr old grandson there a mos before it happened and my son commented that he noticed when he was in the parking garage that it seemed that the building needed a lot of work. He also noticed in the lobby a notice on the Bulletin Board talking about the work that needed to be done. And then a mos later the building went down. So so horrible and lives were lost that were related to many people that I grew up with down there... Hard to believe that it has already been a yr. That is about the biggest tragedy that I know of that has ever happened in the neck of the woods where I grew up. I love that you said that you would live on BP.... back in the 60's and 70's when I grew up there it was really a close knit community and a such great place to live. I wish I Had not taken it for granted....LOL....
    2
  55383. What's the procedure for Canadian to have a property in Florida. Please let me know. Thanks
    2
  55384. When I was down in Miami scouting for a place to live I also checked out Miami Beach (many probably think Miami and Miami Beach are the same, but they are not) and I decided to drive from South to North to check it out. I quickly realized that was not a place I wanted to be; There are only two or three major roads and everybody has to go on those roads, so even in the middle of the day during working hours it's a jam. Thank you but no thank you mam. Stopping at a "hip" corner bar for some breakfast I got a good feel for the poor quality fare at a high price. (Makes me think of the joke: "The food is terrible, and the portions are so small!") It seems lots of people are willing to get ripped off as long as it's in an instgramable place, but I am too old for that crap.
    2
  55385. This was nothing more than a "loaded deck" from Day 1 as the U.S. Government put the real estate market on a Kamikaze mission!!!! People do not learn from 2008 housing market crash!!! This is a never ending cycle and people put less money down and paid way more for houses than what they were really worth!!! It is a shame that this is a never ending cycle....
    2
  55386. The housing bubble must be busted, too much speculation.
    2
  55387. We have been a gold buyer for years and bought it at all different prices, matters not just buy and hold.
    2
  55388. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Hi Michael 😊❗️Thank you for another great video 👏👏👏 I’m really amazed that some States can actually sell your house from under you. That sounds very scary. I feel for the elderly who might lose their homes because of other corrupt people who will take advantage of them. I’m watching the Sun ☀️ starting to set here in Central California and I’ve got the heater on outside trying to stay warm,So once again I’m JEALOUS ❗️ I really need to come check out your part of the Country. I’ve always loved the hot weather and I feel like I’m missing out. Anyways,,,, Thank you and God Bless,Carlos
    2
  55389. Michael B!!! Congrats 👏 👏 👏... and deservedly...So!!! Salute 🫡 ~*
    2
  55390. Since Im ready to retired I will look for a job on line 3 months before I move. I just want to work part time and enjoy the beach life with grandchildren. Thanks Michael!
    2
  55391. Thank you!!!!!!
    2
  55392. If a person retired and fines that the inflation is forcing them back to work, they retired without a plan. They did not have enough money and no plan.
    2
  55393.  @MichaelBordenaro  That's good news! We are so looking forward to seeing the rest of your West coast trip..now we can relax knowing that it'll be coming. Take your time and enjoy the rest of your trip.
    2
  55394. I just rented my older three bedroom out at $750 a month. -north of Pittsburgh Pa
    2
  55395. Thanks Michael.
    2
  55396. Where from Pennsylvania and we want to move mostly because is our cold and snowy weather here in Pennsylvania.and we saw that nursing is so much bigger in Florida and higher paying jobs in Florida then here. I’ll be 53 this June.
    2
  55397. Where is this boardwalk you guys are strolling down? Dont think I've ever seen it
    2
  55398. If I recall correctly 2025 is also when the Trump tax cuts sunset.
    2
  55399. Love those Semi-circular driveways..sooo nice!
    2
  55400. Excellent
    2
  55401. I guess Alabama looks better and better
    2
  55402. I also like watching your videos too much to stop! Please keep em' up!
    2
  55403. Janet Andrews VA love your content very informative.
    2
  55404. Move to Italy, Portugal, Mexico or South America if Seniors can't afford to keep up with the Cali-Dealers and their Sleepy Joe high inflated prices!
    2
  55405. The bag of Frito Lay Doritos that were .99 is now 2.29, in what life is 2% inflation coming back
    2
  55406. Bring your show to Seattle, WA. for a few days to a week buddy! I would love it. We all would. It's such a wierd market out here!
    2
  55407. All of those government numbers like CPI and GDP are not real. They use estimates which are made up and faked numbers. The sad thing is those lazy, useless federal government workers still keep their six figures jobs and nice pensions when they retire while the rest of the workers are struggling.
    2
  55408. I noticed that during your walk..... there is nobody around lots of empty parking spots 🤔 What percentage of those Condos, Homes are empty ???
    2
  55409. Florida is having a massive migration issue from people from all over the country and the world, That with low inventory is going to keep the market strong and prices high. We need more homes on the market for this to change
    2
  55410. There is no such word as "extra" when did you ever have any extra money, time?? Equity in a home is NOT CREDIT!! In our case - 77 years old on "fixed" income and our home insurance is triple what it was just 5 years ago. Property taxes went up more than the 3% in spite of having Homestead Exemption and have owned the home since 1990. Am going to find a way to increase my income in spite of knowing the income tax will be soaring when I do that! AVE MARIA
    2
  55411. My employer's vaccine booster mandate was the last straw. I had a bad reaction to the Vax that I'm still dealing with, so no way in hell was I getting a booster. So I quit my job and moved. It turned out 750 employees where I worked refused to get a booster and the decision was reversed. But I'd had enough for so many other reasons.
    2
  55412. I bet most of those Dollar Tree closings are due to theft.
    2
  55413. Hey this is from tirnidad i love your video bro. Keep up your good work🙏❤
    2
  55414. Great content, thank you
    2
  55415. When do you see the miami real estate market coming back down to reality?
    2
  55416. Zestimate was off by 14.000 in my case, Zestimate was 205.000 and the appraisal came in at 191.000
    2
  55417. Love the real estate details you share. More, more, more.
    2
  55418. Thank u
    2
  55419. Thanks Michael!👍 Appreciate your work I totally agree with you and the funny think is that someone out there just like me 😎
    2
  55420. I have no idea why they would file these lawsuits. It sounds kind of messed up to me.
    2
  55421. The home warranties he mentions are like the extended car warranties--most aren't worth the paper they're printed on. They make money by denying claims. Like he advises, it's better to put aside a monthly amount for maintenance and replacement.
    2
  55422. Flood insurance in Miami residential areas, gables, West Miami, etc is $200-$500 bc its federal, not more than homeowners. I believe you quoted incorrect info, not sure about Miami Beach, but that may be the exception. Ive Lived here my whole life in different homes and paid flood insurance at those homes.
    2
  55423. You pick the best part of Ocala to show buddy I live in Ocala right now buddy and you're in the Square Ocala is a dangerous place I'm telling you Ocala Belleview Summerfield the areas around Ocala or dangerous there's some crazy people here so don't get it twisted
    2
  55424. They said the same thing back in 08 🤣🤣🤣🤣
    2
  55425. Massive disaster is on the way!! My karma spells on all those who stole homes after 2008 are working!! Praise be!😄
    2
  55426. Thank you for prep me on this topic! we haven't thought about this at all since we are thinking about moving to FL for retirement.
    2
  55427. Agreed. We have people looking to buy in Florida literally waiting and hoping for prices to fall on homes that are not even For Sale.
    2
  55428. Awesome outdoor videos!! Keep it up. Very relaxing as a viewer, great scenery! Thank You!👊😀👍
    2
  55429. No one I know is doing well.
    2
  55430. If you have to take out a mortgage for a house, then you probably shouldn't be buying a house, lol
    2
  55431. I don't believe any information that comes from the federal government. After the last three years, how could anyone? If they're willing to tweak the definition of the word "recession" in order to protect the current administration, what else would they be willing to redefine (lie about)? Has the term "GDP" been redefined also? I just don't believe anything that comes out of the swamp. Everything should be taken with a grain of salt. We live in very strange times.
    2
  55432. I know I have mentioned it once before… I really love your market analysis. I can’t trust the news and media and it’s nice to hear a true and honest view on the market.
    2
  55433. Can't trust news organizations or the media but some guy on the Internet absolutely😂🤣
    2
  55434. If your buying a condo PLEASE read the hoa disclosure it should have the planned increases, i recently pulled out of a deal because the hoa fee was going from 277 to 850 in 4 years
    2
  55435. New York State is 680k? Because I’m sure that cannot be NYC
    2
  55436. Insane!
    2
  55437. I would imagine that the builders of that huge building with the expensive one bedroom, are gonna go bankrupt! I DO go to you for real estate news! Make any type of video that you want, Michael! You are a total pro!
    2
  55438. Slowly at first, then all of a sudden…
    2
  55439. Great video Michael, why do you think that Florida made the list for the most forecloses again? Also are you recommending to your clients to wait out the market, thanks
    2
  55440. Great video Michael! I think the winds of change are blowing harder and quicker than we think! Don't listen to what they say, watch what they do! Jamie Dimon just dumped $146 million of his OWN STOCK in JP Morgan Chase! You think he needs some drinking money? If you believe that I got a some Florida real estate for ya!!😅
    2
  55441. America is falling apart. Watch it continue.
    2
  55442. In Las Vegas, it's always the air conditioner breaking down, new compressor is $5000 easy, or broken water main, I've had all mains break on my properties, right now my condo complex has a broken water main today
    2
  55443. Happy April 28th! Thank you for your videos Mike. Property line issues can go back decades or a century more here in New England or NY.
    2
  55444. Many thanks. I love a good storm but I think I'll pass on moving to FL due to flying cockroaches, mosquitos, no see-ems and most of all the allergies. We don't have mosquitos here in Reno, nor do we have any of that other stuff, except allergies. It's why I wanted to move, to get away from desert pollen and all the sinus infections. I wanted to be near the ocean!
    2
  55445. Start in grade school teaching kids how to build their own home. Have a class on grading the lot, a foundation class , concrete finishing, plumbing etc. You get the idea. At the end of their senior year, they have to pass a comprehensive exam in all of the trades on the ability to build a shelter for themselves. They don’t have to grow up to be builders, but if they have to they can. Get rid of all of these woke study’s and other useless classes. After all it’s one of the biggest investments they will make. JMO
    2
  55446. Remember, there is no housing crisis, only an illegal immigration crisis. Deport and the "housing crisis" goes away.
    2
  55447. You have it figured out and I agree especially about the fake money dumped into the stock market.
    2
  55448. Go see the IMF report they put out in Fall of 07 of global economy (do it every year)….very very rosy.
    2
  55449. Why wouldn’t you live in Jacksonville?
    2
  55450. A million dollar home in Texas would make that house look like a dog house!
    2
  55451. 👍
    2
  55452. You present some really great information in this one. The points you make around 17 minutes maybe should have been right up front -- renting relatively short term during this bizarre time, and absolutely investing savings you have rather than just spend it all, are to me the biggest points of this video. something you left out for people in markets where the rent/buy difference is somewhat less extreme, is the tax savings of owning your primary residence. To qualify for the mortgages people making 2.5 to 3 times the cost of owning the home probably means they're paying a lot of Federal tax, and most states have state income tax as well. Unfortunately, this balancing act is so complicated!
    2
  55453.  @MichaelBordenaro  thank you brother! Happy New Year!
    2
  55454. Noticed on that 7548 house they reset days on market to 13 ... 😂
    2
  55455. The problem is greedy people, they can't be happy with just enough wealth they have to go and mess up the economy for everyone else.
    2
  55456. you can Day dream still
    2
  55457. You’re in my old stomping grounds. Corona Del Mar has always been a small elite area. Emerald Bay ( north of Laguna) is to have bays as beautiful as Hawaii. You have to know someone to get in thou
    2
  55458. You mentioned sellers raising the price after receiving initial offers. I went through something like that in Palm Springs. Made a full cash, no mortgage offer for the asking price on a new listing. The next day, I was told the seller had "decided to sell to someone else" -- no mention whether the price would be higher, but it probably was. Normally, in contract law, an acceptance to an offer creates a contract. I accepted their offer to sell at price X. When they refused, they breached the contract, and I could have sued them. However, there was nothing in writing at that point, just "he said she said". Verbal agreements are just as good as written agreements but hard to enforce because it's hard to prove that they happened. Lesson learned: Make your offer in writing (by email) and then save it.
    2
  55459. EVs in colorado during winter is a bad idea, doesn't matter if its 20 a month, they are rendered useless in the cold climates
    2
  55460. Same thing is happening here where I am in Sarasota Florida
    2
  55461. I sold my house in 2018 which I won’t ever get a house for that price and that size but an opportunity came in which sad in one part and great in the other part, but times are changing we need to learn to adapt people will work from home less hours less commuters and so I believe to free up space these commercial building will be converted into apartments/offices and people will flock back to that metro city life and will free up space in the suburbs. Cars will be less used so Uber,Lyft,Tesla and other will be a subscription based service and many other things to describe. But if we do have a recession or depression it will be the last one and who ever made it made it and who ever didn’t well didn’t. Now for homebuyers that have this money in their house I congratulate them but I ask if they sell their home what will they do with that money and they simply don’t know. So like you said they’re TRAP. “In this world you can have it all, but not all at once.” Oprah Winfrey
    2
  55462. No doubt that money printing has devaluated the US buying power, soo if renting is becoming more atractive than buying shows that property owners are the first to equalize with what is real....
    2
  55463. If you buy a house right now it may return to the previous high value in 20 years. The FED would have to go back to zero for that to happen. Hopefully they have learned their lesson and not screw things up again!
    2
  55464. ENJOY THE RESET RETAILERS, YOUR TIME IS NO MORE.
    2
  55465. Insurance (and FEMA) are a joke...
    2
  55466. Thanks!
    2
  55467. Well the customer looses on both.
    2
  55468. housing is so expensive in New Zealand it doesnt even feel like a democracy anymore
    2
  55469. Your are the best
    2
  55470. All that with no insurance and no public transportation. Being poor in Florida sucks more.
    2
  55471. Ghost town dungeon, I like that 👍👍
    2
  55472. When I sold, I let my realtor drive the sale. We set up the house like a home magazine and I would leave for a showing. I kept my buyers at arm’s length by allowing my realtor to buffer everything on the sale, that’s what I was paying her for. I learned that from trying to sale a n several occasions with hands off realtors , passing there work on me.
    2
  55473. its better outside as you said for videos.
    2
  55474. Should I unsubscribe so I can resubscribe and make it look like you asking really really really helped? 😂
    2
  55475. Hi Michael! Please check out this link to The US department of energy tool that describes annual CO2 emissions for EVs versus gasoline vehicles. It breaks down electricity production sources in each state and allows you to see if there is a potential environmental impact on choosing EVs over traditional cars. I agree that infrastructure to support the transition to EVs is incredibly lacking, but I’d hope to see gradual improvements in that infrastructure with the gradual transition in the general population. The entire US won’t switch overnight, and I don’t think that the infrastructure needs to support that out of the gate. Love the content man!
    2
  55476. nice work..once again.>!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    2
  55477. The HoJo color scheme was awesome! So seventies
    2
  55478. Now they know Trump will be President again …they the crocs admit about bad economy and also the mídia is talking about the covid is back 🤡
    2
  55479. Laws in NY must change. It's very hard to be a landlord there. The city just doesn't protect your rights against the bad tenants.
    2
  55480. Mr. Bordenaro, this is a great post! Thank you for this.
    2
  55481. Great news! This 10% median price drop from peak is massive. I don’t hear the media reporting this yet but hopefully they will be soon. Maybe they are waiting for year over year declines?
    2
  55482. Just go walking through Carol City next video, bet you wont!
    2
  55483. I kinda like these videos all the people in the background who've never seen a camera before
    2
  55484. Excellent presentation. Very informative.
    2
  55485. Michael how much longer do you have until you leave San Francisco? I think part of you would prefer to live there. Less hot all the time compared with Florida looks like.
    2
  55486. Keep these videos coming. Nice shades
    2
  55487. Condos will be unaffordable
    2
  55488. $2,300 per month for one bedroom in Miami? Are we talking about San Fran sicko? How is that sustainable Michael? I hate to say this but one huge hurricane and rent will drop like a hot potato. LOL
    2
  55489. Hello Michael, just come up here in Michigan, 10 Fahrenheit right now...
    2
  55490. im sorry but these houses are horrible
    2
  55491. You can not believe anything you hear from the Media...
    2
  55492. I just returned from lunch in Chicago IL. My drinks were $13 each and the restaurant was empty. I had a nice time.
    2
  55493. Lol instead of going down in price they kept going up 🤣 they don't want to sell they just want to flex to all the buyers.
    2
  55494. Homes are overvalued by as much as 700% depending on where you live. The ENTIRE real estate market in America is 100% based in fraud. MBS should be 100% outlawed. Home flipping should be prohibited. Your house doesn’t get nicer over the years, so should be depreciating and not appreciating. AND, there IS NO housing shortage, it’s a surplus. Anyone telling you otherwise is lying or confused.
    2
  55495. They have no other choice. Sooner or later they will work in order to survive.
    2
  55496. These properties aren't there for us. They are for capitol leaving the world for a more stable economy.
    2
  55497. Great job Michael. NAR is only trying to support the RE market by cherry picking details to support their narrative. What will they say when the crash becomes obvious?
    2
  55498. This is just the start... Forward 3 months what does that look like!!
    2
  55499. The whole eviction thing is the main reason I could never be a landlord. Personally, I'd be too torn to actually move forward with an eviction and throw someone out in the street.
    2
  55500. Deception & betrayal is the name of the game. Insiders win.....the masses lose. Period.
    2
  55501. 8:00 what about unemployment in the coming year? What about the aging & dying boomer population?
    2
  55502. Escaping the high costs of the north,,,well welcome to south florida……
    2
  55503. “Let’s look at the list in the Mid-West…but first let me show you the water!! Beautiful!” You answered your own question. Who wants to freeze their nuts off in the middle of nowhere? Siberia is even cheaper 😂😂😂
    2
  55504. Gotta do a video from SF
    2
  55505. Very much hope you are recovering and find people.
    2
  55506. I enjoyed beach walk Michael ! 2023 will be very interesting.
    2
  55507. I love to be outside! Your videos are very helpful for a wise decision!
    2
  55508. I guess some millenials will have to wait to inherit boomer money
    2
  55509. Raising rents is not going to work, my mortgage went from 20k a month to 30k a month I can not raise 10k rent a month it is illegal and not realistic, I can raise only around 500$ a month which no where near to cover the 10k.
    2
  55510. Democrats have the money and power just about everywhere. RFK JR...."70% of the wealth in the United States is owned by democrats. 30% Republican. Of the top ten richest counties in the United States, 9 of the ten are Democrat counties."
    2
  55511. Car payment video without @jackmorgan_rlp !? whut?
    2
  55512. We were paying no more than $325K for duplexes pre-covid when rates were in the 3% range. Rates for duplexes are now 7.25% and sellers are asking for $500K. HIlarious
    2
  55513. I wonder if there is a big difference in water temperature from miami beach to st augustine? Thanks for your videos. New Subscriber.
    2
  55514. "a person who has a comprehensive and authoritative knowledge of or skill in a particular area " this last part makes you an expert sir lol "or skill in a particular area" and you were right. so you got it right
    2
  55515. Well, you got one right. :/
    2
  55516. It helps to pick where you live. Don’t buy on the beach, no flood zones, no trees, home construction CBS or slab, hurricane windows and doors, metal roof all go into insurance and building costs.
    2
  55517. Guys, Why the “Wife Beater” shirts. Come on step up your game. Love ya.
    2
  55518. Great video man but when you said la and ny are probably the only places where you can sit in big TV audiences for free etc, maybe that's true for USA but I've lived in London England and there's similar opportunities there. Not a dig just saying :)
    2
  55519. Crash baby crash
    2
  55520. Amen!
    2
  55521.  @MichaelBordenaro  yup seems that way hey let me know when u guys are in cali.. its pretty deserted in part of la
    2
  55522. it should be ok there Los Angeles feels a lot different b cus ofnewsoe lockdowns never was the same
    2
  55523. This has more to due with evil boomers and their zoning laws. They won’t allow small homes/townhomes/rowhouses to be built in their neighborhoods
    2
  55524. Recession forces fake economy to go away. 👏🏻👏🏻👏🏻
    2
  55525.  @MichaelBordenaro  ... think of it like this ... boo gan vee ah. Sometimes when I have trouble remembering/pronouncing a word that I’m going to come across like that, I use my “note” tab on my iPhone and create a page with the proper spelling of the word bougainvillea and then next to it the pronunciation of it boo gan vee ah and next to it ... pretty colorful flowering bushes/trees.
    2
  55526. I came back to your channel and listening every day again your videos, grate clean info!!!
    2
  55527. No way am I buying a house with out natural gas To it. Gas stove is the only way to cook evenly and most chefs will tell you it’s nicer to cook with gas. Gas furnace and water heater and stove and back yard plumbed for BBQ in my house
    2
  55528. Social security and Medicare is running out of MONEY. US Government - Everything is OKAY. We are very good at BASIC MATH and SPENDING. We meant BUDGETING. You can trust us with your money. We will save it. INSIDE OUR POCKET 😂😂😂
    2
  55529.  @MichaelBordenaro  thank you! Try as I may my friend, safely is only a frame of mind 😎✌☀️
    2
  55530. Happy New Year!!
    2
  55531. I thought about you Michael when I heard about this. I am so glad you are ok. My heart and prayers go out to these families and friends.
    2
  55532. I was at the store the other day, i bought some thongs (flip flops). I had a $50 dollar note, a ten and a five. I pulled out the $50 to pay but they had a special on that i didn't know about. They were $14. I said oh ive got the change if you want it, young guy said no I've already put it through. So essentially its too much effort for these kids to press delete and re-scan an item. Its JUST too much WORK. When the boomers are gone so is the U.S. Here is my tip of the year for 2023 if you have had the attention span to read more than 1 paragraph. It comes as no surprise to me that Michael Burry is heavily investing in the prison system.
    2
  55533.  @MichaelBordenaro  yes thank you I was just a pay check to pay check but some how I made it through the ups and down
    2
  55534. what is better Orlando or Broward County ? seems Broward County ,Florida is the best place to live in Florida .
    2
  55535. I work for Musician Friend's. Sorry we got way too much inventory and backlog. We have to charge to stop the overflow.
    2
  55536. Wow......... (beach restoration)....
    2
  55537. The Bank of America guy is the CEO. The one line job description of any ceo, especially in financial services, is to maximize return to shareholders. As with so many things, we have got to look at the motivation behind the person.
    2
  55538. Right on, bro
    2
  55539. Thanks for this. This has been what I've thought since the market started to slide. The government is going to prolong the necessary correction, like they did 12 years ago. As a Gen Xer I have always known that the government will keep screwing younger generations to keep the Boomers rich. And that's what's going on. Gen Z sees a house as unattainable now, and Boomers are reaping the benefits at least until there's nobody left to buy houses at these prices. That may be now.
    2
  55540. Wellsfargo forced thousands to quit last year, including me. They sent our jobs to India/ Philippines. I was a Financial Crime Investigator, the bank doesn't give a shit about protecting your sensitive information.
    2
  55541.  @MichaelBordenaro  Bummer I like my little efficiency car. I had a HummerH2 for 8 years, such a gas guzzler ;)
    2
  55542.  @MichaelBordenaro  I'm thinking we need a video on the best Florida vehicles ;)
    2
  55543. Kewl. Did you see the new plans for the NB Park? They are going to redesign it and put a beachwalk through it.
    2
  55544. Well the talk is over. Its approved and should be completed in a year
    2
  55545. Merry Christmas Michael!!!
    2
  55546. That's crazy because as far as I know HELOC can get margin called.
    2
  55547. Alameda county CA -25% from peak in latest data... Lmao u don't get citizens insurance quote online or direct from them. Yes ban foreign buyers. Many condos will become coops in FL. Unlike NYC...banks don't lend on coop purchases.
    2
  55548.  @MichaelBordenaro  thank you and good luck! Ppl are afraid from the camera these days? Really? I thought we are fully evolved now 😁.
    2
  55549. great video but get that man a mic please!!!
    2
  55550. Do what makes you happy.😊
    2
  55551. No! Just had a 38% increase with citizens!!
    2
  55552. 5% is a nothing burger. These guys are in denial. 25 to 50% haircuts by this time next year guaranteed
    2
  55553. 86 in Feb? 😳😲
    2
  55554.  @MichaelBordenaro  I realize everybody has different job markets they have to survive, but mine is computers, so places like Tampa, Orlando, and West Palm down to Miami are of course going to be safer to get a job, and then replace it with one similar if the going gets rough. You might find paradise in Naples, for example, but then the job you moved there for, may not have an equal. I was surfing some bargains around Cape Canaveral at one point, but then found all the jobs were very space industry, above my education. I guess the ideal would be to see housing bargains on Zillow and lucrative jobs on Indeed.com in the same place. Some people just love to sit in a car, so they could live in say Sebastian in a brand new home for $250k and drive to West Palm for work, really work that arbitrage. A computer career means you really have to do the full 40+ hours of work, so a hard commute can be a time killer. I know I am just a sample size of one on the topic.
    2
  55555. MB for President :yougotthis:
    2
  55556. I'm targeting a ripe market in late 2024 to early 2025.
    2
  55557. @8:13 a better way to say "...actually very smart..." would be "...actually very evil..."
    2
  55558. Keep showing the crazy houses! Its amazing to see the sheer greed.
    2
  55559. Insurance and property tax expenses, etc., get passed on to renters.
    2
  55560. I like those sunglasses. Where did you get them?
    2
  55561. Happy Sunday!
    2
  55562. Bingo!
    2
  55563. Thull, they are the same NY/NJ people but they are very happy/mellow in FL & usually sophisticated bc it's their second home.
    2
  55564. Not for nothin', but I smell BS. Correct me if I'm wrong-- but I'm not. The appropriations for the new fiscal year just came out on Oct 1st. How can FEMA be out of money, they just got their new budget appropriations. Like I said, I smell BS. This is all BS. DC/Lex Gnosticos
    2
  55565. Good morning Michael, just wanted to say "thank you" for your informative videos. My wife and I watch you every morning while we have our coffee. We enjoy your honest common sense approach to the current market. We are on the Gulf side of Florida, in Naples. Thanks again and keep up the good work!
    2
  55566. This economy is about to take a turn for the worst…a lot of FOMO buyers are going to be hurting!!!
    2
  55567. In the 2008 crash, we didn't have homeless encampments until after the crash has occurred...... this new big "reset" is an accumulation of the 2008 crash residues and all the downfalls along the way....so it will be an EXPLOSION..... Big Bang....
    2
  55568. Thank you so much bro
    2
  55569. Thanks, Michael! Hi, Lissi!
    2
  55570. I predict that Janet Yellen will save the day with a bond buying program that will lower the yields and make mortgages go down. Thus will stop the bleeding and prop up the real estate business.
    2
  55571.  @MichaelBordenaro  Thanks for responding , have a blessed day!
    2
  55572. Interesting seeing the life guard stand with yellow and blue flag. @ 16:50
    2
  55573. I’m in Charlotte you’re right but we are currently building like a handful of giant new apartment complexes every month ..also a lot of the small biz are closing because of high rent but people lined up to take the spots
    2
  55574. Mick, get back to Property issues, not political tittle tattle repeats.
    2
  55575. Here in Houston home next to me sold for 450k last month. I rent and pay 1800 per month next door. I hate to imagine the mortgage payment on that 450k. Property taxes are Taxes are insane in Texas average of 3%.
    2
  55576. Love the walking tours. Which area is that?
    2
  55577. I still am confused about the NAR settlement so if I sell a house and hire a real estate agent .. who decides the % of the seller agent?
    2
  55578. I've read that Miami is now the most expensive place in the nation which you are doing a good job to illustrate. However, there are many other places in Florida where it is possible to find a nice house in good neighborhood for under $400,000. I live in St. Pete and while we have our share of overpriced properties, mainly on the waterfront, there is still good value here in beautiful, tree lined neighborhoods. Yes, taxes and insurance have gone up here but it is still possible for someone to buy a decent house and have a payment of around $700 a month covering insurance and taxes (with homestead, even less with portability). That is far preferable to paying around $2000 in rent for a decent 2bdr. apartment.
    2
  55579. I will be buying when the price is right with 20% down + positive cash flow and renter paid the mortgage for me:washhands::washhands:😂😂😂
    2
  55580. Oh yea, would love to see that implosion;) Thx
    2
  55581. "Inventory on the Rise" Feels good! I'll predict a 35% drop.
    2
  55582. I subscribed to you because I have so much respect for you for showing the gritty nitty behind Florida. People think it’s all beaches and palm trees when it’s so much greed and wickedness happening in the dark
    2
  55583. Is Florida and Hawaii the only states w good weather this week? Merry Christmas !!!
    2
  55584. I’m glad Michael Burry is calling out the Fed. My guess is the current Government elected officials want to delay a crash in the housing market (and elsewhere) until after elections.
    2
  55585. It’s true though. In wealthy areas (Newport Beach or Beverly Hills) there IS no recession and things have never been better. Two tier economy
    2
  55586. Enjoyed your pics of the previous condos and a younger you. You've gotten even more handsome with age! YES to the live implosion!
    2
  55587.  @MichaelBordenaro  thank you so much!!
    2
  55588. I love your long videos.
    2
  55589. Well I’m thinking about moving next year I’m going to try to get a hold of you and maybe you could help me find a house
    2
  55590. I'm from Matt Hallandale Florida now living in Lafayette Louisiana and you didn't mention what a drug on the market Condominiums are because of the special assessments and you have to pay him they can be thousands of dollars
    2
  55591. Michael, Greetings from Beautiful Las Vegas Nevada. Happy YouTube Anniversary. I watch your videos everyday. Great content.
    2
  55592. My recommendation would be NOT to rely on the stock market for retirement (40% declines). I would work, save, invest on your own, buy precious metals, and pay for a home and assets in cash. Be your own bank. Live simply. Stay nimble and flexible. I want to travel, so when I retire I may allow a friend to rent a room in my home (someone I know and trust). I don't purchase expensive cable bundles or memberships. That money is saved...!
    2
  55593. thanks for all the reminders to always be smart and on the lookout for scams
    2
  55594. Great video Michael very informative. Great to see you up in my neck of the woods 💯😁👍🏾
    2
  55595. I’m here for the 20 mins walks with you haha
    2
  55596. How many years did you have to study to obtain your real-estate license, and how much did that license cost you?
    2
  55597. I’m in Connecticut zoning will not allow mobile homes on property, only mobile home parks.
    2
  55598. Hi Liz you look beautiful!
    2
  55599.  @MichaelBordenaro  that’s been our problem we put in 4 offers for outbid by cash offers or investors. I’m so frustrated now we been looking since October 21 and we live in Indianapolis. We are looking along the outside of Indy but houses are only on the market a few hours. It’s so frustrating.
    2
  55600. America is for sale to the highest bidder, based on scam cash. What are voters to do?!?! What are American families to do?! Gov handouts coming, destroying the promise of cash….only Bitcoin is real money.
    2
  55601. 💙
    2
  55602. I will be recovering from surgery. Thank you Michael
    2
  55603. Just like I predicted, nothing will happen yet. The only way someone can hit those money changers where they live is to cut the fiber optic cables that connect the financial centers. The powers that be have so much control and will until a large number of people are hungry and angry. You will never get people together to stop paying property taxes unless we are in shtf.
    2
  55604. Y'all better hurry up. It will go up
    2
  55605. There's not much in Carrabelle. A quaint little seaside town. Its on the Forgotten Coast. Its not commercialized.
    2
  55606. Im biased as I moved from CA to Florida but yea CA has gone downhill. Very nice areas to visit but living there is awful.
    2
  55607. California is the worst Michael. My mom lived from Compton to Moralbay and La an so on. My buddy who moved out of California who makes 200k a year couldnt survive there. Now he lives in Japan and o man what a game changer. Even Compton house are 800k to 2 million bucks 😂
    2
  55608.  @MichaelBordenaro  Do you think everyone has this problem in Florida or just living right at the beach?
    2
  55609. I just wanted to hug your Dad
    2
  55610. $25 Starbucks coffee by 2025.
    2
  55611. My personal inflation rate is 200%. I want to buy a house but they more than doubled so infinitely beyond my ability to save a down payment. 22y with 60k cash and the best I can get is a shit shack condo that costs 200k and outrageous HOA fees. Imagine not having a life or any fun at all for 3 years just to share all your walls with some other clowns. 60k cash would of gotten a 2 story house in a nice neighborhood 3 years ago. I'm so annoyed. Of course EVENTUALLY I'll have 100k or 200k saved up or something but it should not take this much god damn effort to live on my own. Sorry just mad. People that were leveraged to the tits and had no business becoming wealthy just won the lottery overnight just by working a 9-5. Meanwhile we be out here grinding our ass cheeks off for the dream but may never see it because we were nerfed upon birth. For some people the "dream" is somebody dying so you can inherit their assets and that's just sad.
    2
  55612. Dear BOA tell that to my grocery bill that USED to be $200 a week is now $350 and that's WITHOUT the meat I used to get with $200 in 2020.
    2
  55613. 52nd WOOOOOHOOOOO!
    2
  55614. Michael, its not just banks over mortgages wanting people to pay back fast like what theyre pulling with you people my own bank did something that tipped me off theyre broke. I dont have a mortgage or car loan. I just have a personal loan, and two small credit limit cards and I just closed one of them as my goal is no debt in 2 years. Well I had called to get my balance on my personal loan, and its like $7000. They immediately said, "Oh, would you like to pay that in full we would really like that?" Theyre broke! They were so eager Ive never seen that before. Then this past week I did go pay off a balance of a Christmas loan of just a few hundred, and my Gosh they were so pleased and happy they couldnt stand it. They all desperate for pay offs from what I can see. Theres a reason I dont have a mortgage like lots of people. I was one of them that went thru the last foreclosure crisis when NOTHING would sell, and it trashed me financially. Then they wanted to turn around and give me another home loan, and I flat out refused. Well what I did was I took that negative situation, and I turned it positive. Ive never signed a large loan since then. I owe like $8500 in total right now, and in two years Im debt free. Im making great progress too. So my debt is minor compared to average, and as I head toward 60 years old theres not going to be debt. I knew many people in the last foreclosure crisis that did end up turning right back around doing the same crap all over again, and several of them are in serious trouble again. I just gave up that mortgage stuff what happened horrified me, it trashed me, but I never got back into it.
    2
  55615. It happened in Cocoa Beach in 1981🤍
    2
  55616.  @MichaelBordenaro  3 people died correct? I was only 5 then! But I live in Tampa and I'm looking to move to Miami. Now I'm avoiding beach high rises...Sadly.
    2
  55617. Freight brokers are next!!!!
    2
  55618. The car dealers are next
    2
  55619. Michael, thanks for videos. I also love your message "living happy".
    2
  55620. What a beautiful home! Thank you for sharing the area as well.
    2
  55621. $14 million 😳
    2
  55622. They were sold that crap in the early 2000s - no money down, ARM - don't worry your house will go up 20%...LMAO
    2
  55623. That’s me I sold high and stuck now in SoFlo. I am waiting out the market to see what happens by EOY. Let not even talk about rentals prices.
    2
  55624. AI girlfriend 😂😂😂
    2
  55625. Keep up the good work keep telling the truth. You’re doing a great job. I’m proud of you.
    2
  55626. Thanks Mich
    2
  55627. The FOMC should talk to Bordenaro!
    2
  55628. I like nice cars and not into golf carts yet😊
    2
  55629. A lot of the money in Miami consists of foreign investors............
    2
  55630. Hubs worked for Lowes in his early 20's. They told him to help customers if he was asked once he clocked out. One day he got hit in the face by a landscape timber during one of these unpaid times. Tens of thousands in dental work. They wouldn't pay because "you weren't clocked in" he should have sued but he was young...he is almost 50 and we are still fixing his mouth.
    2
  55631. Another Bank failed today US bank Heartland man people buying these homes are being led to slaughter by these clowns running the circus show
    2
  55632. Me either never seen any since I’ve lived as long as he has nor snakes but I’m glad though .
    2
  55633. Congratulations Michael and celebrate your tenacity 😮😢😢
    2
  55634. I am curious with banking liquidity problems if a halt on lending comes into effect? I remember trying to buy a Freddie Mac foreclosure and they literally rejected every deal I threw at them. They were getting federal money based off of losses at that time as well. Different situation but similar circumstances. Just a thought.
    2
  55635. I live where the first culvers was located and we have a huge park named culer park
    2
  55636. I eat better at home and it's a heck of a lot cheaper too.
    2
  55637.  @MichaelBordenaro  that is correct 😆 I find it interesting actually. The same layout from about the same time-period.
    2
  55638. Thanks.
    2
  55639. Are you saying that Trump is moving out of Florida?
    2
  55640.  @MichaelBordenaro  My profile pic is from the reef. The water and sea life out there is amazing. 3rd biggest reef in the world. The nicest water in the Keys is on the reef and at the islands off Key West. They're un-habited and very pristine. Some have massive sandbars with amazingly beautiful water. For regular beaches in Florida, it's hard to beat Miami on a nice day. It can be crystal clear with really nice color
    2
  55641. The big bad government doesn't force bad loan products onto people, it's the big bad Real Estate Industry that LOBBIES your Senators to LET the big bad Real Estate Industry offer these bad loan products. So who is at fault, is it the big bad government, or the big bad real estate BUSINESSMEN? I say it's the businessmen who lobby the government to do what the crooked businessmen WANT.
    2
  55642. EV uses lithium batteries and that is an issue. Lithium batteries will lose charge capacity over a rather quick period of time as they are used, so the range will be affected also. Also they are very expensive to replace. There are other issues as we all know, but I bring up the batteries because there is well known other alternatives to gasoline/diesel fuels but they are kept out of the "choices" we have for alternative energy. Many of these "fuels" would be very clean and inexpensive but still not considered... why? You can find them, you can look it up for yourself.
    2
  55643. I won't recommending touching people walking by, Mike. LOL
    2
  55644. my rent on my 450 sq ft studio in Tampa in 1995 was 55 hours of labor. and I made roughly double the entry level hourly wages. I don't know about it being hard work, but it certainly was long work. that very same studio and pay today would be about 40 hours labor. so no, I don't believe it is tougher now.
    2
  55645. Mikel all Corporate Banks are Theives would not touch them with a ten foot poll😢credit unions are the Best
    2
  55646. Merry Christmas Michael and Lisi. Thx for bringing us so much great info this year. Hopefully next year will be a better one. But with humans, i kind of doubt it. Peace.
    2
  55647. Red tag sales, lower interest rates, cash rebates, etc. But will it appraise?
    2
  55648. Look at you!! On the beach all by yourself!! Life is good in your hood!! Give the Creator praises for your blessings!
    2
  55649. This on top of homeowners insurance and property tax increases I'm reading out about......and not on the news. Some people are hit.
    2
  55650. Yes please!
    2
  55651. I’am looking for a cottage as a second home somewhere in the hundred thousand area it doesn’t have to be on the water. But within walking distance I would rather be close to restaurants and shopping for the wife since I’am a golfer .
    2
  55652. I enjoy your videos but it is hard to focus on what you are saying when you are out on the busy and loud street.
    2
  55653. I have no sympathy for fast food restaurants. With all the backing and marketing of corporate giants, franchise owners have some nerve charging so much for such an inferior product. A privately owned establishment has to pay for their own marketing, pay for all their supplies, on top of it pay for their own location's lease. Even though even privately owned restaurants went up too, they also kept the quality up and the portion sizes up as well. If they could make it, then how come a corporate fast food restaurant can't if not only for outright greed. At this point, why would a business owner want to buy into a franchise anyway? Hopefully this whole thing makes franchises a thing of the past. I personally rather see unique local restaurants that are budget friendly anyway. Not going to happen. These corporate giants are here to stay.
    2
  55654. Sounds about right
    2
  55655. Good observation. If you’re now renting for $2000 per month and you buy a house with a mortgage payment that is also $2000 in principal and interest, you still must additionally pay property taxes and full-coverage homeowners insurance. If your down payment is less than 20%, you’ll also have to pay private mortgage insurance (PMI) monthly. And don’t forget flood insurance if you’ve got a mortgage. The lender will require it if you’re in an area that has or may flood. Know ALL costs before buying.
    2
  55656. Very good commentary… it is hard to leave it all behind, especially if in a place that you already totally love… the fear of making a regretful mistake carries much weight… I’m a New Englander and love the seasonal changes so it’d be hard for me to be in a hot climate year round… but l love visiting Florida, seeing friends and relatives; then am ready to be home..🙂🌸☀️🌺
    2
  55657. Appraisal?
    2
  55658. do u have name of that 3d printing house?
    2
  55659. His name is Michael and he's not falling for the banana in the tailpipe.
    2
  55660. Hello Lizzy! So very nice to see you again with Michael. Hope all is going well, and enjoying some time away from the Miami 'sauna!' You'll be returning @ the most beautiful season in Florida. Be well & live your best life. Sending hugs & love to you both❤
    2
  55661. can you suggest any towns that are sorta in the sticks. that you can do beachfront property for like 400k ? I have never been to florida but we are so sick of the cold. We want to just pay cash not have no note and not worry about looking for a job. I want to retire there
    2
  55662. Majority of Americans are borrowing from the Future to pay in the Present. Eventually, the chickens will come home to roost. Everyone is balls deep in debt in this Country.
    2
  55663. I'm a millennial married 21 yrs.
    2
  55664. Focus on the national debt. Interest payment on that debt(which is constantly increasing) will overwhelm larger and larger portions of federal outlays. This can't go on for very much longer, otherwise the world investment community will lose faith in the ability of the U.S. to pay its debts.
    2
  55665. 😂Government spending for what? That is a critical question.
    2
  55666. Thank you Michael for all of your hard work! I would like to see what do you think about all these remote workers who have been earning a lot of money moving to a lower cost of living area. What do you think will happen with remote working during this recession?
    2
  55667. Love your show.
    2
  55668.  @MichaelBordenaro  That’s the real risk here. Every time they intervene the government makes the bubbles bigger and the situation that much worse. This time in order for the Fed to drop rates there needs to be blood on the streets figuratively. Hopefully not literally.
    2
  55669. It’s like everything else , there’s some good things but the bad from it will be way way worse than the good and that’s everything else also lol. It’s all an illusion everything, these psychopaths put the illusion of good with everything out front but the evil in the back is mind blowing just like everything else lol.
    2
  55670.  @MichaelBordenaro  The weather classification does change around Melbourne. This area has the best waves in Florida for surfing and one of the lowest hurricane rates of about 10%. You can also grow more northern plants such as azaleas for the spring which have a distinct pink color. Also,the sweet gum tree’s leaves change colors in the fall. I think you can still buy sea grape jelly and wine in Schnebly’s winery in Homestead Southern Miami-Dade County. Looking at and smelling the orange groves in Central Florida in the winter is an amazing experience. I had two close family friends who retired to Melbourne and lived there for 30 years after spending their first 50 years in Miami. All of this knowledge came from them. :)
    2
  55671. $8.49 for a dozen eggs 🥚 GTFOH
    2
  55672. Always use an agent you'll get the best price when selling. I have a friend that was selling her deceased father's home a couple years ago as a sale by owner. She couldn't believe the low ball offers she was getting. The house once listed with an agent sold quickly, under 30 days at $280K. She never had an offer over $200K when trying to sell it herself. She netted an additional $60K out of the house because she used a reputable agent.
    2
  55673. $400B in liquidity injected in the past 2 weeks just to cover bank runs ... good times coming 😆
    2
  55674. A lot of people don't know what interests rates really are😮
    2
  55675. Superb video😊
    2
  55676. Many people look at the S&P 500 and don't care that there are profound historical economic problems. They will tell you, "I'm living my best life. Leave me alone."
    2
  55677. No way I'm interested in buying anymore! Monthly mortgage is unbelievably expensive.
    2
  55678.  @MichaelBordenaro  😂🙌🙌
    2
  55679. it works. All the best. MM
    2
  55680. Great videos! Since you’re in real estate I was wondering what your opinion of the 55+ mobile home parks is? Thanks.
    2
  55681. Was it safe riding a scooter everywhere?
    2
  55682. I recently sold my Kawasaki Ninja 500 - too crazy out there!
    2
  55683. Great video, Michael! I’m sure lots of people here in California have used their homes like piggy banks. Never felt the urge to do that, fortunately! A shame the family that owns this beautiful Sausalito home and losing it.
    2
  55684. Wow. Wonder how many miles you're going to cover😱
    2
  55685. 77 sunny degrees today and only $350 a month rent for a 2 bedroom furnished apartment. Where am I living?
    2
  55686. Good to know things from realtor’s point of view!!
    2
  55687. You need a HD drone that follows you 😉
    2
  55688. Wow! Michael you live in a nice area.There are a lot of Time shares at these places.They tried to sell me one.
    2
  55689. This is great stuff. What is the average and median income of homeowners? This would be more telling of what people can "afford" as it is a bit of a bifurcated market. Additionally, I think it is important to note, that what banks consider "affordable" based on gross income is irrelevant in the long term because it is makes people think that they should be able to spend a bunch of money on a house and not save for retirement, which ultimately causes this system to break (if I have money in retirement and they don't, I am better situated and they may be forced to sell at a cost that the average person can afford, which won't be much). Half of all people have no retirement money, the other half have something around $150k to live out the rest of their life.
    2
  55690. Pumping a large volume of water across the western US is a huge engineering challenge. It will take about 5 nuclear units of electricity to run the system. Cost in the hundreds of billions of dollars to build.
    2
  55691. November 2021 and no price of a slowdown in the Miami Market. Everything keeps getting more expensive...
    2
  55692. Wait until artificial intelligence goes mainstream. There will be a few trillionaires and tons of billionaires and that’s it folks. 😂😂
    2
  55693. I got scammed like this, on the day my package was supposed to be delivered someone from Pennsylvania started sending money into a account in Washington from my bank account through the app remitly taking out like 3,000 without getting notified or any email from my bank and when i placed my order I specifically checked who it was shipped and sold by to make sure it said amazon, after my package was delivered i seen the box wasn’t from amazon when i checked again to make sure it said it was shipped and sold by amazon it had changed and said shipped by amazon and sold by some bs scammer called KUMU this guy had got my card info and tried wiping out my card
    2
  55694. ❤ the hedge fences
    2
  55695. If you have to get an ARM then it's best to rent until you can afford a conventional loan. Absolutely asking for disaster. Just my 2 cents.
    2
  55696. You would think that they could put a clause in your contract that if insurance and taxes go out of control that you could downsize to a less expensive house. Maybe I'm crazy but I think that should be an option.
    2
  55697. I also think that Sarasota has a cosmopolitan vibe and is worth mentioning when talking about exceptions to the sleepier feel of the west coast
    2
  55698. Biden silently spends 100's of billions tax payers money to buy votes.
    2
  55699. fantastic video. more information in 21:45 minutes than you would get listening to MANY other outlets. Jesus Louises.
    2
  55700. The host is right. Elected officials are not representing us and not working for us
    2
  55701. 💯💯💯👍👍👍
    2
  55702. That old Boy Scout motto is still relevant.
    2
  55703. The key to everything is, "banning together." But that'll never happen.
    2
  55704. Here in California they already announced in the news stimulus checks are coming. Le sigh. All this for votes. Smh! Thanks for keeping me in the loop and telling the ugly truth about things!
    2
  55705. One of the problems of comparing the gain/loss of different asset classes (gold vs S&P500 for example) is choosing the time horizon. While you are correct that gold has held up a lot better than the S&P500 YTD (year-to-date). Over 2 years gold is down 15% while the S&P is up 5.8%; over three years gold is up 9% vs 21% for the S&P and so forth. If you had invested 10.000 dollars in gold 40 years ago it would be worth 38.400 dollars today, but if you had bought the S&P500 those 10.000 dollars would be worth 254.000 dollars ... In all of this we have not taken into account the cost of storage of gold AND the dividends paid out on stocks which makes the gap even wider.
    2
  55706. It will be interesting if those polls asked by employers are getting an idea of what employees they need to let go if the market keeps going the way it is currently.
    2
  55707. Why not get a vacation rental like an Airbnb in California in the summers then spend the rest of the year in Florida?
    2
  55708. great talk Mike 👊
    2
  55709. I went from 3.9 to a 7.2 in literally 1 months time.
    2
  55710. Don’t a lot of countries have only variable rate mortgages and not a fixed rate. Like maybe Australia and Canada?
    2
  55711. Great sober analysis Michael 👍🏾👏🏾💯👌🏾
    2
  55712. The great problem of "work from home" is decentralized economy. You have businesses, not giving at large to the community, meanwhile their workers are there jacking home and rent prices up so high local work cannot afford to pay for what these remote workers are offering. If this was evenly spread it wouldn't be as bad, but if everyone in the country decides "this is the place", It is a living nightmare for everyone who has been living there.
    2
  55713. Canada here. Some context. Our rates have gone up we have a mortgage stress test which requires you to qualify for 2 5 -3% above the posted rate. This has allowed a lot of Canadians to be able to accommodate rate increases to 5-6%. That said, these are tough times but it's not as Dire as the US. A 30 year fixed is a definite plus so well done US with that one.
    2
  55714. Owning ALWAYS beats renting if the house is paid off, and you'll never have a paid-off house if you never buy one.
    2
  55715. Thanks again Michael for sharing another excellent review, I love the connection with Miami and Espania 🇪🇸Kind Regards to both of you from Scotland
    2
  55716. Well Done... Thank You
    2
  55717. Thank you?
    2
  55718. Thank you
    2
  55719. I do not agree. I think it's the important to get people with college degrees as much as possible. It's not useless! Even if you don't work in your field, you have a much developped critical thinking compare to others. Why tax payers should pay for student loans in the US? 1) This is the case in 100% of developped countries, only US doesn't 2) US college degrees are the most expensive in the world. Why? Governement doesn't regulate anything, and capitalism takes over and this is the result. 3) If anyone think your way, US will run out of doctors, scientists, teachers, the list goes on. 4) Why do you think healthcare in so expensive in the US? Because you have to pay doctors insane amount of money to make sure they can make a live and still can afford their exhorbitant student loans. So I think education is not a luxury, it should be a right for anyone!
    2
  55720. Interesting , The New Reserve Law will that require these older building to establish a min reserve fund...or what they cannot be insured or get a mortgage . They would be force to sell . Wow
    2
  55721. I still say NO to HOA's. My son has no kids and frankly seeing the world right now I'mm glad..CCD is community development payments
    2
  55722. Thanks Michael showing us this little slice of paradise. The town is very nice and clean. No riff raff there like you said! Kudos to you. Make more on the villages.
    2
  55723. Put a jacket on if u have one . 😁😁😁 Loan deals what was old is Now New..HaHa
    2
  55724. Just came in from the streets of Paris. Here it's 104 F with only 50% humidity; a scorcher. Especially considering that the vast majority of apartments here have no airco. Anyway, I see you'll be hitting 40K subs soon, and I am watching every day for when that milestone is reached; this week or next? I want add a few points to the lack of demand. That demand crunch must also be seen in the light of falling values of the share market. Lots of people were paper rich and could use their equity for large down payments. Fewer can now. Also, and especially in tech, a lot of income was from RSUs (restricted shares units). Vested shares are worth a lot less now, and many won't vest at all because they are performance based. This means two things a) less actual money in pockets and b) since the value of RSUs can be used to lower the debt-to-income ratio that is also no longer the case and people can't afford what they could before. Keep up the nice work.
    2
  55725. We moved to FL west coast from a coastal NE town, actually have two thoughts on that. First, peak snowbird season is Jan- Mar/Apr, Jan and Feb can sometimes be pretty cool for Floridians, so we don't do a lot of beach days then, also lots of fairs and events (in a non COVID year) during peak season so lots to do. We treat the winter in FL like we treated summer in coastal NE, tourist take over local restaurants and bars and jam up the roads, so we enjoyed the deck and the grill and down here do the same. Actually we find Apr-Jun really gorgeous weather and take full advantage of it and our local favorites.
    2
  55726. It isn't hard to understand. Globalism is over. People were warned moving manufacturing over seas was a mistake. Now we do not have the means to bring it all home. People wanted cheap crap at Walmart. Boomer mansions are also over. Strip malls done. Our old main street is being redeveloped. If you on the fringe, that property is worthless.
    2
  55727. That's a good point. There is a crash in the bay area to at least 2017 home values; why aren't those on the sidelines with cash swarming in and buying up the homes?
    2
  55728. i wonder if this reset will effect my mortgage? they would never use your asset to offset their losses right....
    2
  55729. I'm 62, Canadian and really hoping to live in Florida in a couple of years, for at least the Winters. You are just a youngster ...lol. but l find your videos really well filmed and informative. I can't wait to see your video on the Villages. Thanks for all you do! I live just South of Detroit and l do not plan on spending my winters locked inside! I usually cruise out of Florida a few times each year but with Covid l have had to rebook my cruises. So l do have 3 now coming in 2022, then l am taking my grandson to Disney world in 2023. Florida has everything l need!
    2
  55730.  @MichaelBordenaro  Lots of my colleagues say its the path to richness , it seems you are saying how it really is. Great!
    2
  55731.  @MichaelBordenaro  thanks for being honest! Yes, sand and hair in your eyes can def ruin a beach day lol. Growing up in San Diego, I always loved the Santa Ana winds because that was the only weather we got but it was only for a hot minute :)
    2
  55732. in my early 20 ties i worked as a framing carpenter at 1 dollar an hour wages . today at 75 years ( still got an ok bench press and turn the ladies heads) i a climbed mountain with ample money in the bank. i think their is a lesson in this.
    2
  55733. Miami is FULL of FAKE MONEY... Prices to fall a LOT... Then add insurance cost, maintenance, etc... It's going to be a bloodbath...
    2
  55734. Nashville is bursting
    2
  55735. I can’t image your videos are not great I think they are all great
    2
  55736. Hi Micheal, I think you came very far to just leave Florida. I would enjoy my status if I were you, especially now your comfortable and you are where you always wanted to be. California is not at its best right now too much going on and it's all negative. At least now you can reap what you've sowed. Enjoy it, and have fun with it! Love your videos 🥰
    2
  55737. So, you Always had the beard. U never were clean shaven?
    2
  55738.  @MichaelBordenaro  wow. I see... Cool. Well looks good on you. It's part of your personality. Thank u for taking the time to answer my question. Very nice of you Michael. Wish you the best in all your business.
    2
  55739. Thank you for your balanced, unbiased view on the housing market. You present FACTS. Keep up the great work. I am so glad I saw you on Dan's channel. I 👍, share and subscribe. Don't know if you are a man of faith but God bless you and yours ✌.
    2
  55740. Florida is shrinking as the ocean rises. Some countries are disappearing completely shortly. Google can confirm the first sentence by comparing past satellite pics vs recent ones.
    2
  55741. I am in NY and planning to move to Florida, when the dust settles in 2023 or early 2024. As of now I am renting and waiting.
    2
  55742. 👍✅😜✅👍
    2
  55743. It will crash. . The writings on the wall people are ignoring it just like 2008. … the next 3 years will bring more bankruptcies than then ..
    2
  55744. ☝️🧐,,PRICES NEED TO COME DOWN, ,,, "WHAT DO YOU MEAN, MY ASSESTS ARE WORTH LESS"? ,, hold on that's not what's supposed to happen 🤣
    2
  55745. Daytona's been really good value.
    2
  55746. It's not good for those who can't afford to ride out the storm.
    2
  55747. Not so up here in New England. Housing is very expensive and anything that comes on the market sells in a week. At best up here, the price increase of housing will slow but no way it reverses anytime soon
    2
  55748. 🔥👏 that last part
    2
  55749. My home in Florida, is no different than these. Similar design and sq footage. I paid $159k in 2018. Eff Miami.
    2
  55750. good idea
    2
  55751. I believe that one of the three Covid-related stimulus bills permitted people to withdraw up to $100,000 from their retirement account without paying the 10 percent penalty. The members of the younger generation whose motto is YOLO (“You only live once”) probably aren’t worried about the future. Unfortunately, the future for them is likely to be bleak, especially if they “invested” their retirement money in cryptocurrencies or lottery tickets. The new emergency withdrawal policy shows just how corrupt both political parties have become. Ronald Reagan had one policy that made sense—Trust, but verify.
    2
  55752. Hi Michael, great video as always. Can you explain that assumable rate process again? We will be using a VA loan we first time home buyers. I know you said it’s rare, but just curious
    2
  55753. SO DO I BUY OR DO I SELL? IM SO CONFUSED!!!
    2
  55754. Dan Jr How cute she was asking who Mike was... be safe and stay healthy🙏💪
    2
  55755. One thing I hate to disagree with you was the down payment requirement. It should never be more than 3% of the home. 30% as a high-end requirement would just bring cash buyers instead of a mortgage.
    2
  55756.  @MichaelBordenaro  Your right! , I had overlooked that portion since I bunched up all "ownership" properties. I mean after all, my moms condo was 3% down, but I did not know about the FHA part :P
    2
  55757.  @MichaelBordenaro  How's the sea weed now? 1:50 doesn't look much like a beautiful beach :(
    2
  55758. Ha, our first mortgage was 14% in 1984 so that was boomer fun?
    2
  55759. Michael is that still a 99 year payback??? I’m assuming so.
    2
  55760. Get Peter Schiff on your podcast.
    2
  55761. That is the motto of my life. "Plan for the worst hope for the best" you will never be disappointed. Stay DETACHED
    2
  55762. Beautiful couple!
    2
  55763. Very thorough content!!
    2
  55764. Unfortunately there purposely pricing everyone out the market by buying everything available. For instance blackwater and other companies are buying new and old houses, even whole neighborhoods from builders and then renting them out, where are they getting the funds to buy a whole neighborhoods of brand new houses? And why is the government not doing anything about it?. In a couple of years everyone who wants to buy a house will have to rent it.
    2
  55765. I moved out at 17 & never went back. I made it work. I had an apt which meant i had my own bedroom & bath, instead of sharing with 5 others. I never got an allowance!! I bot my 1st house in SoCal at 20 bc I was driven. Kept getting better & better jobs. Debt did get me for awhile & taught me how to scrimp wen needed. GenZ has had way more Opps to be wealthier than Boomers, they arent motivated. Each generation gets more lazy.
    2
  55766. Hi from St. Pete, FL 🙂 - been renting a long term unit with airbnb now for a year - next year the rate is going up $170 p/month for the same accommodations. ugh. not sure if i'll stay or not. since you asked for some suggestions on where to shoot videos i think your outside walks and camera shaking are distractions. Try to sit in your backyard or at a park bench where there's minimal bustle where more focus can be given on your convo rather than background
    2
  55767. Please send info in Fort Walton. Pool & near beach. 500k to 650k. Thanks
    2
  55768. So, if you are the seller, better hold some money for the possible tax bite.
    2
  55769. Thanks, Michael for all your advice and support.
    2
  55770. Nice scenery and very informative.
    2
  55771. War money spending ukraine and israel is moving GDP higher. Nothing to do main street economy.
    2
  55772. BONKERS!
    2
  55773. 🎉🎉🎉 In regards to the first part of this video, KARMA EXISTS!!! Thank you Michael for always sharing so much interesting information. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    2
  55774. As they say in a small, unimportant country "Der er ikke noget der er så skidt at det ikke er godt for noget" ... 😁 And to demonstrate why it's worthwhile holding gold; YTD gold in dollars is down 1.2% while the S&P500 is down 16.7%
    2
  55775. Why would the government ask the companies to have their employees come back to the office? What about the whole global warming/climate change narrative. I guess it is all about the money and those issues are hogwash.
    2
  55776. 👍✅😜✅👍
    2
  55777. Hi rise condo price drop !!
    2
  55778. All true, Michael. Probably the biggest scammer of all time is the US government (and the FED/IMF). I'm glad you mentioned George Gammon. He put out a great presentation about the fed being broke....and using bookkeeping games to look like everything's hunky dory. Imagine you calling your bank and saying, "I project my earnings over the next 10 years to be XXX, so please deposit that amount into my checking account".
    2
  55779. 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
    2
  55780. Thanks!
    2
  55781. To bad about Malibu!
    2
  55782. I forgive you! ❤
    2
  55783. It's amazing! The Fed (a private bank) and a criminal enterprise, is allowed to control lives globally, including global governments. This is the only entity on earth, that is allowed to counterfeit the U.S. currency. Our U.S. politicians are merely puppets for the Fed. Of course, you are not allowed to know that!
    2
  55784. Just checked my household Insurance and property tax info for my home in a nice suburb in Monroe County New York. My house insurance is $392 a year, and covers up to $589,000 in damage coverage. Since my house is only worth about 400K, and is all paid for, I'm covered just fine with that amount. My property taxes are $8,000 a year right now based on an assessed value of $200K. The town is reassessing the entire town in 2023, and all the new homes built on my street the last 2 years are selling in the 400-550K range. Don't think it's gonna be pretty. My assessment will go way up.
    2
  55785. Thanks for this content will watch more of these for a better transition in Fl
    2
  55786. First
    2
  55787. Michael, I agree with you and I would add the housing market is a slow train crash. The rate is still going up were just now starting to see the market shift. I'm waiting it out.
    2
  55788. The tenting is 4 bed bugs
    2
  55789. Michael, in your video you express an understanding why someone would need to buy but after reading many of your comments it’s an otherwise statement and very one sided. I hope you know that there are many market where rentals are insanely overpriced which may drive more people to buy instead. I’m seeing roommates on open houses looking to buy because it’s more “affordable” than renting. Stability and shelter are basic human survival. You damn if you do and you damn if you don’t.
    2
  55790. Yup my insurance for a home in New Smyrna Beach was 380/month for a home worth 200k, sad I had to sell cause my renters couldn’t afford it anymore
    2
  55791.  @MichaelBordenaro  again Florida is no joke when it comes to that stuff especially since it’s not the primary house and it was a rental. I was wanting to let it go for awhile cause I got tired of having to drive almost 2 hours if anything went wrong
    2
  55792. Yes, thanks for water views! Bank of America has been fined over ninety BILLION dollars. Just a reminder. Give bonus back? Hilarious!
    2
  55793. Careful what you wish for. CO did this now you’re paying HOA fees and your neighbors houses look like shit, cars all over being repaired, etc. 😂 A lot of money to pay to live in a nasty neighborhood.
    2
  55794. I don't live in the us but i don't think it's the hottest place on the us is it must be in the desert correct me if I'm wrong
    2
  55795.  @MichaelBordenaro  Thanks, Michael. Since you're a broker, would you be able to post a tour of the new Turnberry condo?
    2
  55796.  @MichaelBordenaro  Thanks, Michael. I assumed that you were a broker. Anyway, I love your South Florida videos!
    2
  55797. We really appreciate our host for this “dry” segment (stopped raining). You also are competing with the NFL Cowboys—Dolphins-game here at Hard Rock
    2
  55798. 2nd
    2
  55799. thanks dear
    2
  55800. Happy Birthday Michael..... Im a California Chick. I live in a Small city in Southern California Called Sam Dimas... My name is Vanessa. I enjoy your videos. You have great info and good opinions. 😉
    2
  55801. what do you think about DeSantis immigration bill ? will it effect the housing market or economy in florida ?
    2
  55802. Two people I know each bought a home at auction and turned out those houses had been foreclosed on by the HOA for lack of paying the dues. There was in each case a first mortgage the buyer was NOT aware of until AFTER taking possession of the house. The other house had a First & a Second Mortgage. OUCH -
    2
  55803. People are begging for 5% deflation
    2
  55804. What about mullet hairstyles? Any mention of that? This is the real threat, that must be considered before even thinking about moving to Florida! Mullets are endemic as the pandemic in Florida! You have been warned!
    2
  55805. It worked for us back in 2000. Took a 7.5% 3 year arm and refinanced at 4.75% 15 year a few years later.
    2
  55806. Also, have you seen the new Miami Tenant's Bill of rights that just passed?
    2
  55807. Low humidity ​ @Lisithedogwalker 
    2
  55808. I came to say this.
    2
  55809. I used to live in Bay Harbor Islands with my father from 1983-1985, when I was in 7th and 8th grade. I don't remember what our address was, but it was surely an apartment complex of some sort. I wonder if there is any way of finding it.
    2
  55810.  @MichaelBordenaro  Yeah, all it turned out I had to do was key in my name and Bay Harbor Islands and I got the info right away. It's an apartment complex on 103rd Street. Looks like it's still there, not that I would recognize it after all these years. No point in asking my dad as he is no longer with us.
    2
  55811. Take a look at the east coast of Florida the treasure coast Port Saint Lucie has 1000’s of new home coming in the next 6 months. developers have purchased large tracks of land in western Saint lucie county.
    2
  55812.  @MichaelBordenaro  Oh yeah, you can look at it that way. Like this kind of solution where everybody has to take the clot shot or they will be made homeless.
    2
  55813. Numbers don't lie ! Look at (GDP) of United Stats! It's at is lowest!! 🤔
    2
  55814. Good video
    2
  55815. Wells Fargo, the home of mortgage fraud and fake accounts, is back once again to separate the poor from their money. I'm sure there's nothing to see here because... this time it's different!
    2
  55816. Insurance, Property taxes and HOA they are all a Scam, If you don’t have insurance you can’t drive your vehicle or a semi truck or a mortgage loan. In other countries it’s optional, that’s why American Freedom its all an illusion.
    2
  55817.  @MichaelBordenaro  Certainly! There is a lot of state to cover, as you found out. It took me a good 3-4 years to visit all the state parks and historic sites that i wanted to see. If you do the state parks, get the passport book as well as the pass. You get stamps just like a regular passport. I managed to get all the stamps. I stapled my pass inside the passport cover, so I'd have both with me at all times. It's a cool extra incentive to visit all the state parks.
    2
  55818. All the taxpayer money spent on new irs agents should be spent investigating all PPP loans. For example a ton of building contractors got these forgiven loans and never stopped working and raised their prices, they were deemed essential businesses
    2
  55819. 😁😁😁😁
    2
  55820. Michael, the Hard Times are just starting !...I think so many people have been blinded by the Gov't. and media lying to them, into a false sense of security. The times we are living in Now , could be the Last of the "good times" , for many years to come....Sorry to be so Negative !....Time will tell, hope I'm wrong.....Take care..
    2
  55821. Good video Michael. 👍🏻
    2
  55822.  @MichaelBordenaro  You're probably right. And yeah Florida is definitely a big state!
    2
  55823. It was Hurricane Andrew that hit south Florida in the early 90's was when everything just started to climb and climb. My insurance back then was around 800 bucks a year.
    2
  55824. Very good coverage, Michael
    2
  55825. I love all your videos. I want to move to Florida, one day. I heard about the Bank of America home loan program. We can buy a home in black and Hispanic neighborhoods in Miami. Do you think this would be a good idea? Also, which part is better to buy in these areas?
    2
  55826. Ill tell you what I eat and you’ll know all you want to know. Cereal, bread with jam and cheese and pizza.
    2
  55827. VERY old advice Michael. I've been waiting since January of 2021 and STILL cannot afford a house. The prices keep climbing and climbing. Why? All the people fleeing failing states like California and Washington are POURING into my state, driving prices to record breaking highs. A crappy 40-year-old house in my parents' old neighborhood in Texas that cost less than $180,00 was put on the market for a heart wrenching $285,000. I give up. For the first time in my life, I am truly scared that I will be homeless.
    2
  55828. I wonder if the politicians in cities like Portland are intentionally allowing the homeless encampment to flourish. It greatly lowers the property value so much that large investors can buy the properties for pennies on the dollar and then donate to the politicians so they would then drive the homeless out once elected.
    2
  55829. One would think that the city had responsibility if they require inspections. Why else wait on the county inspection if they are not liable.
    2
  55830. Interest rate is wrecking everything!!
    2
  55831. This is very good commentary.Well done sir.
    2
  55832. Ackkkkkkk!!! 3 % interest rates are what got us in this mess. They need to be around 5 just to keep the economy sensible. Stop screaming for the same mess all over again!!!
    2
  55833. They try real hard to get people in debt for the rest of their lives.
    2
  55834. What's your monthly HOA fee ?
    2
  55835.  @MichaelBordenaro  what interest rate did you get? I was able to secure a 3.31% 30Y fixed
    2
  55836. I am waiting for a crash so I can pick up a second asset, cheap...!
    2
  55837. Thanks for another great video‼️
    2
  55838. You never passed by the Southgate Luxury Apartments? I wanted to see them. Do you have any video of that place?
    2
  55839. A better explanation for falling mortgage rates is that fewer people are buying a house and applying for a mortgage. Facing decreased demand, sellers (lenders) cut their price. If investors don’t want to buy MBS, the interest rate must go up via lower MBS price, not down. As far as I know, the Fed’s holding of MBS has declined, but not as much as I’d like to see.
    2
  55840. You made it to MDR! Mothers beach!
    2
  55841. Great idea, i think a rental property is good investment
    2
  55842. I like the sarcasm 🤣
    2
  55843. I'm considering a simpler way of living like a tee pee out on the prairie. My plan is to take out a Bison and then smoke dry the meat and figure that'll last me a year. I have no clue what I'm doing but I'll have to learn as I go.
    2
  55844. ❤ YouTube Premium
    2
  55845. Guessing buyers working without an agent, are going to have less flexibility when it comes to showings. May need to wait for open houses.
    2
  55846. CBDC will fail just like the fed itself will be totally reorganized.
    2
  55847. Michael "Mangrove" Bordenaro
    2
  55848. YOUR CHANNEL IS GOOD SINCE I'VE BEEN A BUILDER / DEVELOPER BUT I SHUT DOWN
    2
  55849. 1% down 🤦‍♀🤦‍♀🤦‍♀
    2
  55850. Here for the comments 🤣
    2
  55851.  @MichaelBordenaro  Thank you.
    2
  55852. Happy new year 🎉 2023 is another great year for stacking real money. Central banks can't print silver.
    2
  55853. Thanks
    2
  55854. I'm f#ck then. Anyways, nice content...new subscriber here. 😊
    2
  55855.  @MichaelBordenaro  I absolutely agree. Enjoy the beautiful weather in California. That’s pretty much the only good thing going for the state. Lol.
    2
  55856. This is aging very well, good job. Earned a new sub. Few people got things right but you have about nailed it with rates already close to 7 and still rising in oct
    2
  55857. Solar panels are another thing I researched and didn’t seem worth the investment. Around a $15-20K loan and you still have a small electric bill every month. No thanks
    2
  55858. Those are the CUTEST KIDS!! ❤️
    2
  55859. It's called the new normal, same here in Texas.
    2
  55860. Easy pickings. The powers that be can easily steal the equity of seniors through inflation and increased property taxes.
    2
  55861. Thank you for making these videos and showing us how beautiful Miami can be. I feel so calm now just by looking at the beach. Yes, you welcome ❤
    2
  55862. Cool
    2
  55863. And remember, they are giving illegals thousands every month.
    2
  55864. Race to the bottom? One percent down is just silly and bad planning.
    2
  55865. Only thing propping this market up is the nogs buying Jordans and Michael khors with buy now pay later options
    2
  55866. The YT person, "ClearValue Tax", video "Fed Pivot Explained" has an explanation for the $35 billion per month the fed stated they were going to start selling off. They are reducing MBS by $35 billion per month, but increasing M2 money supply by the same amount. Complexity reigns. Basically, he feels rates will stay down for a while to stabilize housing, but inflation will increase for the short term. I think I got it right. Watch his vid.
    2
  55867. Rich made mass profit ..now they gonna pay the price
    2
  55868. This guy fuxxx! 😎 🐊 Good food for thought video today!
    2
  55869. Three more rate increases this year. .75% .50% & .50% We use 2 out of 3 bedrooms for our work at homes offices.
    2
  55870.  @MichaelBordenaro  you would be a hit selling RE to the celebs from West Hollywood to Malibu!
    2
  55871. Unfortunately, in the past 15 years Flagler Beach has really taken a beating. The pier is nearly 1/3 the length it was originally and hurricanes take a chunk out of it each time one hits. Hurricane Matthew nearly destroyed the entire town, and Hurricane Irma did a number on it too.
    2
  55872. Micheal I am looking at houses in arkansas and they are not required to do a sellers disclosure. What would you do in this case if you were thinking of putting in a offer.
    2
  55873. $400,000,000 is not going to prop up Housing Prices for the whole state of Florida.
    2
  55874. Also, many seniors WANT a smaller place and cannot find it…
    2
  55875. Love this vlog. Thank you Mike😊
    2
  55876. Wall Street investment firms that buy residences to turn into short term Airbnb rentals, must be made illegal. Workers need to have a stable roof over their heads.
    2
  55877. I mean to each their own but where are all these free spirits going to live when they re 80, social security is non existent and rent is 4000 a month with inflation? I hope they're stashing a ton of money in retirement accounts.
    2
  55878. Sounds like it's all public record info that the software is just gathering from public databases.
    2
  55879. Boca beachfront is doing very good. Prices are up.
    2
  55880.  @MichaelBordenaro  I said younger version lol -
    2
  55881.  @MichaelBordenaro  I hope so! Thank u for replying 🙏🏼
    2
  55882. I moved to FL from NY in 2018..my house went up so much in equity I was able to refinance without an appraisal and got rid of escrow. Insane. I bought my house for $320k and it's worth $450k
    2
  55883. Great video mike. Your in Miami correct? That’s an expensive place to live. I’d like to know what it cost to own a house in say Sarasota or other hot spots in Florida. Obviously Naples is probably up there as well. I’d like to find a nice safe area in Florida that’s about half or a bit more than your paying now. Also you didn’t mention what insurance cost, or was that included in the price u mentioned.
    2
  55884. Is the Government actually behind these 'low income' mortgage loan programs? Sounds like an equity thing to me.
    2
  55885.  @MichaelBordenaro  Yes we have it has an amusement park also plus some rides at the Pier Park boardwalk . Great fun place to go . If you like steak or seafood try Saltwater grill it is a very good place , Angelos is a good steak house also.
    2
  55886. Hey Michael, can you address the “California dream for all shared application loan”
    2
  55887. Baby boomers will transfer $68 trillion to their children in the coming years. 17:07 it's just running the right type electric cable. You're blowing that one out of proportion. It's similar to what your AC requires. Much cheaper to do in New construction than later. .... and there will be a later.
    2
  55888. Yes I agree for safety But used the money for mental illness Housing Community development Yet we have money for war Yet most veterans are homeless or those who had a bad streak in life The rich politicians are saying thanks for your service stealing oil for us Now feed for yourselves with nothing to comeback to Unnecessary greed No other country treats there veterans or disable the way we do
    2
  55889. Another good one!
    2
  55890. Dont worry, as govt is getting ready to fire up the money printers to deal with variant of concern, or debt bubble.
    2
  55891. Thanks!
    2
  55892. people trying to get us to sleep and over extend ourselves .... the recession started before the pandemic it was put on hold by the flush of money
    2
  55893. The time for rude awakenings is near. So sad that people aren't educated enough to realize what they're getting in to.
    2
  55894. You forgot to mention the fact that fuel for the planes has doubled and employee salaries had to increase due to the mandated $15/hour minimum wage. Everything has gone up so that's why you're paying much more for airfare and meals out...etc.
    2
  55895. Welcome to the Peoples Republic of Illinois! Well since I saw your experience with the mall cop, I won't be bringing a DSLR into one, unless there's a camera fix-it store. They are paranoid because there have been incidents of crazy people trying to drive their cars through the mall or trying to shoot up the place. But still, a camera is not a gun! There's a vast difference. I haven't been in a mall for a long time. I must admit the first place I'd go to is Amazon or one of the local grocery stores. It's sad but it's reality. A sad reality!
    2
  55896. Housing still overpriced there, better off living traveling overseas, I've done it, saved money, quality of life much better
    2
  55897. If I had to compare the US economy to something in real life, it would be a plane that is out of control. When a plane is out of control, it loses altitude quickly and flutters around to the point where the wings might just fly off. Regardless of what happens, the plane will crash.
    2
  55898. Stay and get that unemployment or severance
    2
  55899. Lots of tik tok investors sold the dream of passive income by doing ponzi scheme like rental properties... But those tik tok "investors" were really realtors making a killing from the commissions selling to the suckers who dont understand finance.
    2
  55900.  @MichaelBordenaro  The famous tycoon newspaper owner William Randall Hearst back in the 30s was caught owing taxes so he got a deal with the government to give the worst part of his private property that took up like 1/2 of all of central California to pay off his tax debt. His luxurious home at San Simeon along the coast north of Moro bay holds daily tours. You should watch a YouTube tour of the castle. I used to drive my ex wife there for weekend getaway dates or there’s pictures online of the pool where movie stars went and visited him. The other awful Army base is Death Valley on the Arizona border for tank and armor training which George Payton arranged for the government to buy for the Army
    2
  55901. Home prices and rents are astronomical in Miami. Where do the local service workers live? The people who do not make hundreds of thousands like a restaurant server for example? A plumber, roofer, auto mechanic, pool tech, landscaper? You know, regular working people who have families to provide for? Not the bankers, mobsters and famous people. We don't care about them, they can afford it.
    2
  55902. ZILLOW IS FAKE: when I listened my place, comps showed these two identical places, at the same price. 2 bd3 ba1,551 sqft 705 W Queen Creek Rd UNIT 1027, Chandler, AZ 85248 Sold: $424,000Sold on 08/02/22Zestimate®: $420,300 —————————————————- 2 bd3 ba1,551 sqft 705 W Queen Creek Rd UNIT 1039, Chandler, AZ 85248 Sold: $355,000Sold on 11/10/22Zestimate®: $354,900
    2
  55903. Born and raised on Miami Beach . almost 50 ... I remember when it was a ghost town and the sidewalks were all cracked on Lincoln Road amd 395 was two way 1 lane per way E/W full of pot holes people were dodging them back and forth from work like the 3rd world
    2
  55904. Hey Michael, I enjoy following your videos ! I suggest making one for foreign buyers who wish to jump in the market and what you can suggest in terms of investment opportunities.
    2
  55905.  @MichaelBordenaro  I will need to save up :) thanks and keep up the great work !
    2
  55906. What if they slowed the raising of interest rates and started selling mortgage back securities instead? I think that would do more good than what they are doing now. Or better be exclusive to holding on to owner-occupied mortgages.
    2
  55907. I bought an electric car in 2014. We had that and a car I had since 2003 that finally collapsed last year. Love the electric car so much bought another and we are a 2 car all electric vehicle household. In 4 years when my son is driving age I plan on getting a third electric vehicle.
    2
  55908. Need refel code
    2
  55909. Hi Michael. I really enjoy watching your videos, especially as a former South Beach resident. I am a retired attorney and CPA and I wanted to make two comments about the adjustments the IRS just announced to the tax brackets and the standard deductions. First, the IRS does not design these adjustments. They were placed into the tax law as Internal Revenue Code section 1(f) by Congress. If your channel viewers feel the adjustments are insufficient, they should take it up with their representatves in Congress. Also, as you stated, the adjustments apply to tax year 2023. A taxpayer can take them into account beginning in January 2023 by adjusting their withholding or estimated tax payments. They do not need to wait until April 15th 2024 to feel the effect.
    2
  55910. Just my opinion, I’m not a fan of the red thumbnails.
    2
  55911. Michael. That exactly Why, I look forward to your news. Because i don't have brain space for people who don't bring super valuable information to us intelligent Americans. The arrows cannot pierce your armor.
    2
  55912. It will eventually spread everywhere, but some places won't see that much of a drop, while others will get hammered. Go check out Reventure Consulting, Nick has been on this show in the past. He explains it for you and tells you the areas he think will be hit hardest, and which won't. Right now, I am in an area that is getting hit big time in the Mid West.
    2
  55913. I ate gators at Everglades.... hope I didn’t eat the last ones had existed.
    2
  55914. Yes! I am terrified of heights to begin with, my late father always said when we moved to Florida he would never live above the 7th floor! And he grew up in Brooklyn NY! He was onto something!
    2
  55915. Happy Anniversary Michael!
    2
  55916. Everything in California is Dilapidated and wore out such a shame
    2
  55917. Not sure if anyone answered the question. I live in a co op in NYC. We get financing here. This unit I live in was 479k. Def can’t pay for that cash lol
    2
  55918.  @MichaelBordenaro  yes, that’s what you said in the video. You were curious about NYC and said Miami area doesn’t like to finance so you gotta buy cash. Here in NY the banks lend money for co ops. Never been an issue as far as I know
    2
  55919. On the PPP fraud - just imagine how many people got away with it.
    2
  55920. Enjoying this collaboration good info.
    2
  55921. The foreign entities will find a way especially since they have deep pockets.
    2
  55922. Brilliant interview! Thanks Mich!
    2
  55923. I live in Wisconsin iwas going to move tofla. In summer I. Looked at Miami weather. Each week. Every day from May to September was upper. 80 degrees with about 70 percent humidity. Feels like temperatures every day. We're. 98. To 104. Degrees. So do video. Is it cool in mourning. Is it cool on the beech with wind blowing from Atlantic Ocean. Do people just go outdoors in summer. In Miami much. Can you swim in ocean lay down on beach and stay cool that way. 5 months of unbearable heat. Seems. Bad. So in summer do Miami. People stay in ac. Living quarters 90 percent of time. Is going to beach fun in summer when temp feels. Like 100 degrees. High. Humidity Is that why there is so many bad car drivers in fla.. because. Thier. Heat stressed. Please comment.
    2
  55924. RIGHT :face-pink-tears: you finally called it out. All the while you've been doing these neighborhood walks I'm hearing the NON-STOP blowers, trimmers, mowers, and whatever else drowning out your sound. Lived in a neighborhood once like the ones you're showcasing, not on the same $$ level, but definitely on the same background noice level. From then on I always walk any new neighborhood I'm considering and if I hear more noise than minimal I keep it moving. Sound pollution--especially gardening noise--is worse than nails on a chalkboard. It completely ruins any beauty an area might have. Same goes for airport flight paths. When you are home--silence is golden. I want to be able to have a conversation with my windows open.
    2
  55925. Yes, living in a half way decent house isnt for the weak.....
    2
  55926. Mike you should be an enforcer
    2
  55927. The poor sees every opportunity as a scam while the rich keeps getting richer by investing.......... Invest and spend wisely also
    2
  55928. Despite the economic crisis I definitely think it's the best time to start up an investing especially with the current rise in Bitcoin price
    2
  55929. Michael; I subscribed to your channel a while back and am glad I did. Thoroughly enjoy your "walk and talks" as you impart a lot of info for us future South Florida residents. Personally, I plan on being ensconced completely in Fort Lauderdale by Thanksgiving.
    2
  55930. this channel is the epitome of misery loves company.. and yes I am miserable in my life... actually not really. Mike loves to gaslight us with his daily bad news.
    2
  55931. What we have to buy or rent. Housing is not a problem because it does not work because someone is always going o buy at a bad time. We can't know the future but we can go our best in the mean time.
    2
  55932. The "crazy hair" was okay, but was it the weather that brought the video quality down to 144p?
    2
  55933. Rampant roofing fraud and the lawsuits associated with them have driven 9 insurance companies into insolvency. Florida is responsible for 79% of all property insurance lawsuits in the U.S. Thats more lawsuits than all other states combined. One insurance company I do business with is receiving 26 lawsuits a day. 26 A DAY! 33 attorneys here in Florida are responsible for almost all of those lawsuits. Our governor is doing almost nothing. The reforms just passed in the special session are a band aide on a gaping wound. How this is allowed to continue is a good example that our political leaders are incompetent or corrupt or both. FYI, I am an insurance agent who has been selling homeowners insurance for over 30 years and I have never seen it this bad. I have a stack of non-renewals on my desk, and the pile is growing. Every one of these non-renewals is due to the age of the roof. Insurance companies are doing everything they can to shed these risks- those with roofs over 10 years old to avoid future roof claims. And the shady roofers just skate along destroying a whole industry facilitated by these shyster attorneys. If you have a policy in place and are offered a renewal and you have a roof over 10 years old, renew the policy-if you can afford the increased premiums. I could go on all day. If you are in the market for a new house, do not buy one with an old roof (one over 10 years old). Also, make sure that if you are buying a house that the plumbing, electric and heating have been updated. All insurance companies are now requiring 4-point inspections for houses over 20 years old. If you cannot show that the roof, plumbing, heating and electric have been updated, you are going to have a difficult time buying insurance. Your best bet is to buy a brand-new house.
    2
  55934.  @MichaelBordenaro  This has been a cash cow for unscrupulous roofers and lawyers for a long time. There's a cottage industry just on property insurance roofing claims.
    2
  55935. (At 6:07) Great old picture of "Gregg Allman"!
    2
  55936. 😂😂😂
    2
  55937. Goldman Sachs firing lots of people
    2
  55938. Great video bro
    2
  55939. Thanks Mitch
    2
  55940. The bulk of the house price increasing is suppose to be based on the work that the owner does to the house. Like new roof, new windows, updated wiring, and etc. With house prices rising to well over 1 million dollars just because its a house is not sustainable and should have not been allowed. I can stay that is one time the government should have placed caps temporary at this time and place a ban on business purchases of home real estate.
    2
  55941. Love the video! Subscribed! Please can you tell if 🐕 are allowed to be on the beach?
    2
  55942. I hate to use the term but, do you think these increases are “transitory”? If interest rates keep going up and the FL housing market crashes like I believe back down to 2019 prices, are the insurance companies good to go again? If we continue this recession, home prices have to come down. I know the legislature is working to fix this fraud claim problem. So hopefully when home prices drop and fraud claims go down, the cost of insurance will go back down. And a note on the market crash. Only one out of 64 economists got yesterdays CPI report correct. That is the story of the last two years. 99% of experts are wrong 99% of the time. It’s clown town USA.
    2
  55943. Great content! I have had all these same thoughts about selling my condo with lots of equity to upsize over the last 6 months into something detached. I was days from listing because I didn't think I had enough money for a down payment on the next place because you need 20% in Canada over 1mill and everything is over a million detached. And also a stress test makes it almost impossible with decent income but I found a way and wanted to pass on another scenario with a win win if you're looking to buy and hold your next place. I ended up with a HELOC on the condo which will rent at top dollar and adds to my income and 150k equity for a down payment on the next place. You must have years of equity to do this but Credit Unions will lend up to 85% value and convert to a mortgage. The best part is the tenant will cover the difference of the HELOC borrowing costs.
    2
  55944. markets go up and down, the narrative fits the market...if the fed stops with inflation at 8, the dollar will crash
    2
  55945. Take my advice, if ur tight on cash have a very small wedding and have a bad ass honeymoon. She will thank you later
    2
  55946. The American Dream got transformed into a buying scheme, and now increasingly into a neo-feudal condition where you will be happy to - pay, pay and pay for the 'honor' of whatever the thing of the moment is.
    2
  55947. I like that it’s in our American blood to be pioneers! You’re so cute!
    2
  55948. Ugh, I hear you! I work as a nurse on both day shifts and evening shifts. Day shifts begin at 6 AM so when I have to work those days, I have to get up at 4 AM. Waking up at that hour is inhumane 😫😫 ! Left to my own devices, I prefer to stay up until 11 PM or midnight and sleep until 7 AM. None of this early to bed, early to rise crap 🤣🤣 !
    2
  55949. michael, i have a modest single family home ( built in 1952) in the S.F. bay area current value is around 700K. just paid my all state annual homeowners policy of $1100.00 some areas (like the fire zones have been on a hit list for home owners insurance). no roofing fraud no hurricanes no tornados have earthquakes, insurance is voluntary. no one i know has this coverage too expensive, high deductibles, many things no covered. how about a conspiracy theory? maybe the insurance companies are going to divide up the country so there is less competition.
    2
  55950. Homes will become more affordable except that 3/4 of citizens don't have $500 saved. Most will not qualify with higher rates and no down payment. Millions are losing jobs. Many cannot afford energy bills. Small businesses are shuttering. Joe is running the country into the ground. Nothing that was will ever be the same. Prepare for survival.
    2
  55951. I only disagree with you when you say their hearts in the right place about wanting these properties filled with tenants because it leads to where I do believe in what you said, the corruption wins in the end. They set up an impossible situation for property owners, and after setting that up, they have their new laws in place to gain all that tax money and penalties. It’s all about the money. They don’t care about the property owners and they don’t care about the homeless on the streets. 10 years after they started with what was allotted to them for the homeless.
    2
  55952. Publix is crazy high …small bottle of veg oil $7 bucks used to be $3 or $4
    2
  55953. What makes me laugh all these companies are pushing solar panels--and homeowner's insurance is dropping people who get these. And good luck selling your house if you are under that kind of debt. Solar panels are not free.
    2
  55954. You are so right! Every penny counts. Thank you so much for making this video. I learned a lot.
    2
  55955. No sunglasses.
    2
  55956. That's retirement for the folks that move there all that traffic. All the noise.i would be a prisoner in my own home .at least NYC has a nice transit where you don't need a car.
    2
  55957. Have friends there and bought for under 100k in early 80's. It was a working class town...It's really dangerous now. Downtown is full of crazy homeless. They have huge street circuses there now, and the police don't dare go down there to break it up. I heard today they are bussing all those new border crossers up there...chaos, and collapse sadly.
    2
  55958.  @MichaelBordenaro  you skipped Jacksonville and Fernandina Beach?
    2
  55959. Hi Michael- It's Terri from Hesperia Ca. (Old mobile home on land). My opinion is you are just a very classy guy. Lizzy is a very classy lady. That is something that money just can't buy. My elderly father was robbed by a hard money lender for his house at the end of his life. It gave him heart problems & his house was stolen. Great job looking out for these eldery folks. They need a voice.
    2
  55960. I’d love to see a canal cruise 😃
    2
  55961. Great video. Perhaps on the next one you can also let us know about neighborhood highlights (restaurants, parks) and my favorite topic neighborhood schools. Nice shots of the flowers and greenery.
    2
  55962. Good one today. When things are softening even in Miami you know its a downturn. Hard to believe median prices is only in the mid 400K though for Mia beach. Also the benefits of living in Miami beach @2:00..! Thx
    2
  55963. So investing in Florida is still a great investment?
    2
  55964. Remember here in Florida I would guess Flood insurance and homeowners is going to go to the moon, add that to your mortgage payment.
    2
  55965. Don't trip and fall in.
    2
  55966. Funny shirt! 😁
    2
  55967. Been thru recessions and layoffs. The big difference here is that a lot of places are hiring. Getting laid off and getting another job is way better than being unemployed. Here in Indiana just in my area I see two new factories coming in. I see ads on tv for factories with good paying jobs.
    2
  55968. We rode out Irma in my condo in Fort Lauderdale. It was on the Middle River so we were concerned about flooding getting into the parking garage and flooding out our car, but we thought it was reasonably safe due to impact glass. Our neighbors had no concerns about riding it out in the condo. In fact, some said it was probably safer than a shelter because it was like a concrete bunker. While our unit went through it practically unscathed because it was facing the north side, the south side of the building had so much water intrusion from the storm pushing water through old cracks in the building that multiple units had substantial flooding. The condo then spent a year trying to repair all the cracks and repaint the building. But even then I never thought it was possible that a condo could completely collapse like that, even during a big hurricane. Now I'm not so sure. That condo was actually older than the Surfside condo. It was built in 1978. Fortunately, we got out of there last year. Sick of the politics of a condo board, and the lack of space and yard for kids, we moved to a house in Boca. While I wouldn't say I feel safer here during a storm than a condo, at least I won't have to worry about the thing collapsing on us in our sleep... and now surprise crippling assessments to deal with. I suspect a lot of people will try to sell their condo before they have to deal with the huge assessments coming soon for many of these buildings.
    2
  55969. We are building our house in 2 years no matter what. But it’s our forever house. We own 53 acres though in lower AL. I can’t pay $400K on a used house that was $320K over a year ago. My luck I would buy it, crash and now it’s worth lower.
    2
  55970. Michael, I'm a registered Democrat voter. Vote in every election, state and general. Not this year. I am done with politics and voting. Democrats take black people like me for granted. Democrats abandoned us. Ignore us. But not illegal immigrants who get prepaid debt cards and other benefits. I'm an independent voter now.
    2
  55971. Can you show an episode on condos around 300k?
    2
  55972. No way can afford if you are in fix income....the rate of tax increase is way over inflation.
    2
  55973.  @MichaelBordenaro  thanks for the explanation. Love your current format but also enjoying the older videos.
    2
  55974.  @MichaelBordenaro  Am I the only one who noticed the short Led Zeppelin tribute band clip from ''The Whiskey''?... I.saw the real L.Z about 43 years ago in Baltimore. Btw,...thank you for not saying anything ridiculous when describing your short acting/modeling career like ''you know guys sometimes being this good looking can feel like a curse''. L.o.l
    2
  55975. Umbrella 🌂 in the other hand?
    2
  55976. Another good video, is that area an HOA area?
    2
  55977. Bingo you are correct, New Cars, motorcycles VACATIONS !. Folks with Student loans are not saving it but spending it. Demos know that because that's their political pawn move. News Flash they will be paying back because big Institutions will now say we get payed or we go the routhe SVB !!
    2
  55978. Congress spends the vast bulk of our money! The President signs off on it.
    2
  55979. I didn't know ANY of those facts! LOL! Thanks for sharing the info. I may be moving there from Los Angeles this year and your videos are very helpful - thank you!
    2
  55980. I did not know the origin of the "Florida" name, and that is the kind of stuff I like to add to my trivia knowledge. When I first started coming to FLA, the license plates always began with a number signifying the county you were from - Iike 1 - Miami-Dade, 2 - Duval (JAX), 3 - Hillsborough (Tampa ), 4 - Pinellas (Clearwater/St Pete/Dunedin), etc. I then researched and found Duval was the largest county in area, right above Oklahoma City. It surprised me, as JAX does not seem big, even by FL standards, let alone compared to a place like LA or Houston, with massive sprawl, but I guess those others have multiple counties within the city. I only saw a crocodile at the Everglades, and they are more dangerous than alligators, but I will not be wrestling either! Anna Maria Island is beautiful, and I think it is due to some sort of bird refuge designation that forbids franchises or high rises. It is worth the drive, especially if one is in the Bradenton-Sarasota area. I love all the Art Deco in SoBe! The coastline trivia was on Jeopardy 1 night, but I thought it was for the Lower 48, as I think Alaska actually has the most contiguous coastline, as it is the biggest state, and most of it has water frontage, but I could be wrong. I will Google it. I know Canada has the longest coastline of any country in the world. I know Maine, due to all the inlets and peninsulas, is surprisingly long, while a state like CA does not has as many, relative to its length. I knew about the tomato crop being huge in FL, but Midwest soil grows the best tomatoes - just a short season. FLA is pretty close to CA in strawberries, too. The FL orange is the best "juice" orange and CA the best "eating" orange. Since America has such a huge population that is able to travel, and FL has consistently good weather, and closer to more population centers and cheaper than CA, I am not surprised, it is the world's most popular travel destination. It is now the 3rd largest state by population, where it was barely in the top 10 a few decades ago. With CA, NY, and IL (3 of the top 5) driving people out with high taxes and bad policy, FL will gain a lot of those emigres, too. I am one of those people that just gets an idea or question in my head, and can Google for hours lots of trivia. I DID think Louisiana got the most rainfall in the USA, but FL was always very high. Denver is actually the sunniest city, but the St Pete Times used to give all of its customers a free paper on any day the sun did not shine at all. In nearly 40 years of living in FL and being a subscriber to the Times, my grandparents only got a free paper about 4 days! However 5 min still counted, but all day gray or all day rain is rare, but when the rain comes, it is often a deluge, requiring "battening down the hatches", as they say. Interesting tidbits, Michael!
    2
  55981. The inventory for the local people in Florida is being held hostage by the wealthy who owns second third and fourth homes here. It’s not a very sustainable situation.
    2
  55982. Housing market is a bigger casino than stock market now. Has more volatility.
    2
  55983. one of the many reasons I'm leaving NY. I live in Queens. No one speaks English on the street. Drives me nuts!
    2
  55984.  @MichaelBordenaro  looking into these parts of Palm Beach Cty. (Jupiter, Palm Beach Gardens, Delray) hopefully, they still speak English there.
    2
  55985. Great video
    2
  55986. Great houses...poor gardens. The value on those houses not for normal middle class.
    2
  55987. My friends brother, who bought a condo in Miami Beach years ago for $250,000.00, said that his insurance has recently quadrupled!
    2
  55988. Would love to see you do a series on state parks and your thoughts on them!
    2
  55989. Prices need to come down
    2
  55990. Anyone here has moved from Australia to florida ?
    2
  55991. what about living on an all electric boat, are there good places to buy an ocean cruiser 30-40 footer, that you can buy to live on and rent a spot to house the boat?
    2
  55992. Were you rear Coldwater Canyon? Go down to Rodeo Drive shop and eat! You workin your way up to Malibu? I grew up in North Hollywood in the Valley! Aloha!
    2
  55993. Thanks
    2
  55994. Smart - only get a ranch. I still live in IL in a 2 story and can't stand it. Super hot in the summer and cold in the winter (2nd level). Plus a pain with the dogs and the kids. Never again, ranch 100% for the next home.
    2
  55995. It's strange how this virus has caused the same problem everywhere across the world. Australia, NZ, UK, USA...
    2
  55996. I Loved everything you said and agree all of it. I lived in Minnesota for 3 months , LA for 10 years and now 5 years in Portland OR and planning to go to Florida after 1 years of research and went there couple weeks ago to check out the area, yes I love it , I born and raised in Phuket island in Thailand and looking for a similar feeling in USA. Honestly a miserable people are around the world but if we feel right with the place we live and live where we think they have more joyful people that be ok for me now. First I thought Portland OR will fulfill my need but make me too depressed lack of 6 months nonstop raining, I am an activities guys😅 and honestly now have lots of problems here in Portland OR. Anyway thank you for this video, we need more joyful people in Florida and this World 🌎
    2
  55997. awesome video! first time here and subscribed!!😊
    2
  55998. Any good news? Ever? Lol
    2
  55999. Google is laying off employees to boost the stock prices, not much more to say about that. oh and they have been missing their revenue goals for the last 3 QTR.
    2
  56000. Your video was good and discussed many valid points on the economy but the real reason as to why we are having these issues wasn't even touched in your video. Currencies tend to have a 100 year life cycle. The reserve currency for the world was the USD. we have hyper inflated the dollar and took it off of the gold standard. The dollar will die and CBDCs will be put into affect. Everything that is going on has to do with implementing the new world reserve currency. Good luck and God bless.
    2
  56001. Yea, love it!!! It is not recession..just like its not summer. Thanks for saying this Michael!
    2
  56002. Wonderful walk 😁💕💕💕💕💕💕💕
    2
  56003. Illegal Corruption...Fraud...Legal Corruption >>>>Higher Higher Costs
    2
  56004. Have you tried a go pro?
    2
  56005. 18 floors? Omg, I remember that hurricane... that was the one close call that we had up here in the Tampa Bay area... that's one of the reasons that we moved to the Tampa Bay area... because of our location we're not too susceptible to hurricanes... I'm not saying that we don't get them but we haven't had a direct hit... I don't think since the 1960's.
    2
  56006. I 🤔 think the government should do something! Compies like Blackrock have ruined the real estate business
    2
  56007. As always top job. Of for 1 week to bulgary have fun
    2
  56008. Michael, Thank you so very much for your honesty! You have made it much easier for me make my decision. 😊
    2
  56009. It’s my understanding that there is no more physical gold or silver. It’s on paper. Is this correct?
    2
  56010.  @MichaelBordenaro  just like whats going on in Iran. Currency crisis.
    2
  56011. Nope i try to save every penny ontop looking for a place to live cheaper then my current state...
    2
  56012. If you can get a cheap Tesla you are doing great. It is 5 times cheaper to drive and EV and a gas powered car for local driving.
    2
  56013. I think I pay less than 5% of my income for rent I don't think I want to buy a house for a nice long while
    2
  56014. Give up some more of our money to build houses for homeless? We are already taxed to death, and now you want us to throw more money at a problem that keeps growing . Incentivize it?
    2
  56015. Go see German In Venice
    2
  56016.  @MichaelBordenaro  state taxes is why. There has been a state tax in California for quite some time that forces you to use 35% recycled glass when making bottles mainly. But it transfers over into other things as well. And when you can't make an item out of recycled glass because of California strict regulations. Well, you just got to pass that tax on the consumer.
    2
  56017. Thanks again
    2
  56018. Apparently new regulations on increased thickness of sheeting on roof is responsible..
    2
  56019. Great video!! I was trying to buy my husband a PS5. I finally bought one but fighting the bots to get one was awful. They would show up later on ebay or Amazon for double the price and show huge stack of ps5 boxes to sell. Ripping people off. Karma!!
    2
  56020. BAC is super horrible! AMEX is best... Agree 100%
    2
  56021. San Rafael isnt the best in Marin. Mill Valley, Tiburon, Belvedere, Ross those are the stops you want to be in
    2
  56022. Another great video today. Thank you Michael ✝️🙏❤️😊❗️
    2
  56023. Shit 💩has hit the Fan folks !! It’s all down down here from now on! Wake up people!!!!!!!
    2
  56024. The accountants will out a black letter warning on the financials. Caveat emptor!
    2
  56025. Dude walks around doom recording every single day.
    2
  56026. Michael, did you hear that there is a gold-backed currency bill in the Congress?
    2
  56027. Hi.. is it possible for foreigners to buy a house in Miami? What are the conditions?
    2
  56028. Relevant and informative
    2
  56029.  @MichaelBordenaro  : These investors might be using these properties to park money, depreciation and tax right off's. With no intention of having anyone rent their investment (and potentially trash it) they keep rent insanely high. Keeping it up for rent still qualifies it as a rental in the eyes of the IRS. A clever scheme perhaps? Just a thought.
    2
  56030. Great show. Thank you for your ongoing info. Very helpful with many good insights. And appreciate your beach walk during this hurricane. Watch you daily. Greetings from Southern CA, USA.
    2
  56031. housing shortages manifest over many years and don't just all of a sudden happen in 2 years....there are many forces and even some data that make it look like its a real shortage but i think we are all getting hoodwinked
    2
  56032. “Mad dog bill” gonna stab you 😂
    2
  56033. EV vehicles are heavier than gas vehicles due to battery density; therefore, the tires wear out faster. For environmental, once you mined the land fields, you can’t put the dirt back to grow trees or build houses on top. The left over products of a completed battery are toxic like lead, and the toxic waste must be stored somewhere. My wallet, my choice!
    2
  56034.  @MichaelBordenaro  haha thanks! I'll take your word for it
    2
  56035. Great message and fantastic beach! You've proved that you can enjoy beauty with your stroll down the beach without paying a penny for it.
    2
  56036. Got to find price of land payment vs lease cost and loss of investment w the land home package. Leased land and hoa is crazy
    2
  56037. What editing software do you use?
    2
  56038. This is awful as a condo owner
    2
  56039. Absolutely agree with you about the weather! Upper 50s - mid 80s with lots of sun is perfect. But there are not many places that fit that.
    2
  56040. Let the Ostriches leave the channel. We don't need any Pollyannas here. The reality is that we are all in Sh*tter's Ditch without a shovel. Never has there been a time in history that we needed realists more. This is a global catastrophe and no-one is going to come out unscathed. Listen up or sink.
    2
  56041. I’m like you, Michael, I like to wake up, drink my coffee & check my phone to see who has posted a new video. I don’t like leaving the house until around 11 or 12. However, if it’s a drs appt, I make those around 10am to get them behind me. On those days I’ll run errands. Your life is easy-going, not lazy. I can dig it! Lol
    2
  56042. My heart goes out to all the people affected by this tragedy. It’s beyond words. My first thoughts were of you and Lizzy. I’m so glad you both are ok. 🙏
    2
  56043. @michaelbordenaro Grind !!!! lets go man
    2
  56044. Election year. Less than 60 days. They are waiting to after election to start dumping. Manipulation at its best to get elected again.
    2
  56045. Insurance shortage, prices to the moon like everything else. I live near Pensacola and I am about to drop my insurance its so high. I have liability on one rental already.
    2
  56046. So that's the famous "Hull Over Inlet"?
    2
  56047. From the "experts," to the media, to real estate companies - they're all lying to protect the market. It's that way with the economy in general. They want you to look with your ears, and not with your eyes and logic. I don't know if you have seen it yet, but there's a "leaked" video out there of an FDIC meeting where the people in the meeting were saying among themselves that the public trusts the banks more than they do and stuff like that. It's all a big swindle, and they're trying their hardest to keep people doing stuff with their money that they wouldn't be doing if they knew half of the truth.
    2
  56048. I can tell how much my State and city cares for its citizens. They're actually building townhouses and condos in the ranges from $350-$500 a month. I love Oklahoma. I would never move to another state.
    2
  56049. I love this! Thank you for showing us the exact spot. That is so cool!
    2
  56050. Id love to live in fort walton area but what about the hurricanes?
    2
  56051.  @MichaelBordenaro I have so many questions. What about finding a husband/wife. Is it possible to settle down there? Also I’m wondering what the intellectual community is like. I’m just glad I found so much to do down there.
    2
  56052. Right...and now mortgage companies are trying to hustle the elderly with reverse mortgages.
    2
  56053. It's just going to take awhile. People are going to burn through their savings and 401Ks before they give up. I'd say a year or so before the CRASH. Prices will decline before then.
    2
  56054. Sounds like somebody's Cousin Bob handyman service was making a million dollars a year at the condos😊
    2
  56055. Is that a hotel in the background at about 12:21? Massive building
    2
  56056. Where are the jobs for our 12 million Biden illegal economic migrants? Are Denver, Chicago, NYC, Boston, San Diego going to take care of them forever?
    2
  56057. Safety first.........yep....building codes should be strict. period.....Such a luxury building...bet all thought they were safe......RIP !
    2
  56058. Selling in May,hope it won't be too crazy then. Got a new build ready mid July so praying for reasonable rate so our desired monthly is feasible. It is further out in a more affordable area and we are putting 45% down. No debt plus 6 month emergency fund and plan to pay off in 12 years .
    2
  56059. yeah I know a guy, he painted my house but I know him though other work since 2010 I guess, and he was buying XRP to be "life-changing." I told him that crypto should only be 1% of your port/3% of cash.
    2
  56060.  @MichaelBordenaro  I’m hoping to visit the non panhandle gulf side of Florida later this year. I’ve been to Pensacola but I haven’t been to any place south of Tallahassee on the Gulf side yet {beaches} just driving highways from Orlando to Tallahassee
    2
  56061.  @MichaelBordenaro  I wanted to take some photos of sunsets gulf side and golf courses to forward to my brother who’s never been to Florida but loves golf. I sent him a post card from the world golf hall of fame off highway 95 between St Augustine and Jacksonville
    2
  56062. I can agree w you on this been there yes great video
    2
  56063. That first place! How gorgeous! It reminded me so much of the nice Hawaiian neighborhoods! I would totally live there since I couldn't live in Hawaii(I just couldn't get over the fact that it was an island lol felt I was stuck on an island, no bridge! lol). Now to find a wealthy man looking for a good wife... lol
    2
  56064. I also live in the greater Chicagoland area and I'll say this... The way I see it, Harsh winters are the main reason the Midwest doesn't have the insane homeless encampment problems the West coast experiences all year round. Something to consider when moving to places with a year long warm climate. Be it the southern or western regions.
    2
  56065. The American Dream today you must be sound asleep to achieve ! Just live in the parent basement and wait for them to kick the bucket!
    2
  56066. Housing is reasonably unaffordable right now at 8% interest rate. Wait until it drops to 5% when it will be unreasonably unaffordable
    2
  56067. Mike. This is one of your best. "First Sale is your Best Sale." always. Forget about buying!
    2
  56068. The Fed has absolutely no idea what it is doing. Fueling inflation instead of helping. And home prices and rent are so insanely high homelessness is increasing everywhere. With the interest rates going up up up, it has the same effect as high home prices, yet prices are still not being lowered hardly at all. Destruction of America is their objective. Insanity.
    2
  56069. Would you ever consider moving back to Florida or Chicago is we’re home is at ... I stay in Ohio can’t wait to move bk to Florida
    2
  56070. Great to see you again today Michael!!!!!
    2
  56071. Every state has it's own dangerous stuff to look out for
    2
  56072. yep. this is exactly right. I had to overpay on a home in cash because it didn't appraise and I wanted the home. it is a bummer...there will be a slowdown for sure
    2
  56073. Good info ,,,thanks for the heads on the scammers ....Are you doing another video with reventure....good data.....
    2
  56074. What a nice place. Thank you for the great tour!
    2
  56075.  @MichaelBordenaro  you're welcome! I really enjoyed it.
    2
  56076. Tiny homes you can take with or abandon
    2
  56077. If the government really really really want to save planet from Climate Change hoax, force everyone to ride horses to places including politicians in all rankings and shutdown all airlines including private jets. Paris Accord is another BS, they want us stop using fossil fuels while they keep buying from Russia. Thank you for all your video, very very helpful.
    2
  56078. "Famous buyer" as in the ex of a ex patriot? 😆
    2
  56079. No worth it. House insurance is also going to be sky high if you could find it, due to hurricanes over there etc., also a 1937 build home has lots of wear and tear and lots of $ for the upgrade or maintenance. I feel sorry for who ends up buying this home.
    2
  56080. There are lots of dirty money out there. May be they are just moving that money to real estate. So, the purpose was not really to get it rented. If it is, with premium price tag.
    2
  56081. Good morning! Thank you for making these informative videos. We are looking to buy in Florida in the near future and these videos are beneficial! Have a wonderul day!
    2
  56082. 0:10 I saw a rental on Zillow in my town that has been listed for over a year. Think about how much revenue they lost because they have unrealistic expectations for the market (i.e. using Zillow to determine their rental price). It's only worth what someone is willing to pay.
    2
  56083. I could not imagine how scary it is living in a Florida high rise, hope you can get out and into a house soon.
    2
  56084. One of the first things you learn in studying water intusion issues is that protrusions in roofing is the highest hazard causes. This was one of the first things I thought about when rooftop solar started hitting the market. Imagine how they complicate re roofing projects. I personally would never do them.
    2
  56085. In Miami you can live in a Million dollar home and you can still have neighbors that are trashy. And so close that you can see and hear them from your backyard.
    2
  56086. 425k in my area
    2
  56087. hmmmm, I would not like to be the HOA Finance Budget (collector) guy, seems like a dangerous job. That 2025 100% Reserve Requirement, along with never ending rising insurance premiums, once again makes you question is Florida really the right place?
    2
  56088. good video keep it up
    2
  56089. I just Hope this world get's better and it must be nice Living in America. Commenting from Australia where here is full of Bludger's who expect everything by doing Nothing.Had it too easy here.
    2
  56090. Thanks Mike.
    2
  56091. Personally I don't think the goverment should have anything at all to do with flood ins. All these people building houses on the water where they should have never been built. If you can afford a waterfront house or something 2 blocks off the water then you should be able to afford the Ins! The tax payers don't need to subsidize low lying areas!
    2
  56092. You guys are awesome!!!
    2
  56093. 20% lower next year at this time is not bold its reasonable.
    2
  56094. Exactly. Stop selling to greedy investors.
    2
  56095. Yep very good Michael yes you make it back negative equity what a shame yeah well they should listen to Michael you give some good information out there as well but that’s why I never pay retail for anything any retail real estate never pay market value for
    2
  56096. If a person is shackled with high interest loans, especially credit card debt, at least using your home's equity can reduce/eliminate a lot of the interest. As pointed out so well by Mr. Bordenaro, you should never use the new loan as an excuse to get further into debt. Saving, and living within your means is always a wise move.
    2
  56097. Another great video. Check SFH 32168 under $300k Thank you
    2
  56098. Thank you Michael.
    2
  56099. I watch your videos even on vacation in Europe!!
    2
  56100. “This is America still. I think.” Indeed. Keep outing lies and evil. Be kind . Always.
    2
  56101. Great video Mike!
    2
  56102. Same! I’m thinking Tampa. I’ve already lived in Orlando and want to be closer to the water
    2
  56103. Hello..!
    2
  56104. I would be interested in a non “doom and gloom” story…
    2
  56105. Monday vid drop! Let’s go! 💪🏽🇺🇸💪🏽🇺🇸
    2
  56106. I am pretty sure the lack of a sim card slot is only in the USA, you can buy with a SIM card anywhere else in the world. I've read people have had success buying iphones with SIM card slots on Apple Canada and paying for international shipping.
    2
  56107. I noticed homes on Miami Beach in pre foreclosure and when I look them up it says they have an estimated mortgage of $0. And they are owned by investment llc's. How can they be in preforeclosure if they don't have a mortgage?
    2
  56108. in the 70s and 80s your house was your house ......During the Clinton Administration, the Government convinced the public that your house can be a bank account. this stimulated the economy and worked temporarily. Now it is the biggest Debacle we have ever seen and Houses should never be your bank account. they should only be your home.
    2
  56109. Michael, what camera/mount do you use? Do you use a wind sock on your mic? Thinking of doing a Northern version up here in the MN/Wisconsin area
    2
  56110. His equipment is in the description
    2
  56111. Thanks Michael 👍
    2
  56112. Voting to have no reserves is nuts! New HOA condo law makes obvious sense. People can be outraged all they want, but bills have to be paid, and I know of some HOAs who let deadbeats off the hook, making the responsible owners pick up the slack, when an unpaid assessment is needed. (So unfair.) Condo living is like living in a Marxist country.
    2
  56113. Is that the storm surge sign or another bull💩 incorrect "climate change" prediction?
    2
  56114. Good vid. People dont realize there is a difference. Haulover is my spot tho..
    2
  56115. All the politicians have FRIENDS and FAMILY in the electric car industry. Thats why they push it so hard!
    2
  56116. I mentioned earlier just Rent. At least for now and you can walk away especially if you get hit with a Hurricane and lose everything you own!
    2
  56117. Minute 07:45 . Oh crap, he is filming. Abort Mission🤨?
    2
  56118. @Michael Bordenaro  lmao. Really anywhere that is not a million dollars area is the hood? So you are saying everyone of your views that does not live in a million dollar beach house is in the hood. Come on man you are over exaggerating about the hood . You can't drive 30 min to a neighborhood with $600k houses and walk cuz your scared or lazy? A few people happy... how many of your views live in 5 million dollars homes??
    2
  56119. Is there a realtor that deals with foreign investors ? Been trying to get in touch with zillow but no luck .
    2
  56120. Yes, Done Eden. Visited there while living in Central FL, because I was interested in buying some fresh sponges that divers are known for harvesting. Have been using them for makeup removal for years.
    2
  56121. Well, then I suppose the Fed should go back to artificially keeping interest rates at zero and enter into QE-5. They saved real estate for 15 years - to the point that nobody in America can afford to purchase a house somewhere and the everything bubble has grown to unimaginable proportions. As Warren Buffett once said there is a pin waiting for every bubble. Today is the day - is that bad or just inevitable?
    2
  56122. I hear trailer homes are selling. People would rather park their trailer on a peice of land and get their own water 💦 and electricity. When they leave they take their trailer with them. No loss to them. People are willing to take the loss like a car 🚙 or a truck. Some are buying a trailer and renting it out to someone else to get the money 💵 back to pay off the loan.
    2
  56123. you are right " Homeless FUND " go to corruption , billion of $$$ go to to where, noone know!!!
    2
  56124. A bunch of lies the government loves spending our money im sure one of these years there will be a big crash...
    2
  56125. Love your very HD video...crystal clear 😎
    2
  56126. I really admire your honesty about your fears. I am happy you are considering moving. There is a scientist who came forward and said there were cracks in the structure in the past. And warned of disaster. And more alarming is the woman who was on the phone on the fourth floor with her husband said she saw the pool deck cave in then the phone went silent. 😿 I feel they are going to find this was a sinkhole. And the cracks in the structure in the past were the warning signs. Just my thoughts on this terrible tragedy. 😿 prayers! 🙏
    2
  56127.  @MichaelBordenaro , I will keep you both in my prayers. ❤️
    2
  56128. First
    2
  56129. Im not sure what all the fuss is about. My truck is 4%, Home is 2%, Credit Card is 9%. Home & Car ins went Down in 2024. Guess im the Unicorn 🤣🤣🤣🤙🏼🇺🇸
    2
  56130. The is wild seeing you two together. I've caught Jack a few times, good channel, and I think the asking of questions when he needs clarity is good for the channel, gives a little dynamics and multiple perspectives. I know many many people identify with being an investing noob. I too was there once and woke up when I hit 30 years old. Good stuff, keep it up.
    2
  56131. Since you work in that area, can you explain the economics of this area? How do people afford 10k a month rent or a mortgage on a 5 million dollar home in a normal residential neighborhood?
    2
  56132. It's only 112 here!
    2
  56133. Thanks Michael.
    2
  56134. Michael I'm going to be in Tiburon tomorrow let's do lunch
    2
  56135. Interest rates at 5% was a good thing in 2008 when interest rates dropped from 6%. Scary when it goes above 7% or to 10% as it was during the 1980s.
    2
  56136.  @MichaelBordenaro  That is the most important thing...your credibility and reputation.
    2
  56137. Michael you always make perfect sense -- property taxes, homeowners insurance etc. But what will happen in Northbeach - on the Boardwalk/Beachfront?
    2
  56138.  @MichaelBordenaro  yes I’m here in a rental, and love the area! I want to buy but there is no inventory and not sure if prices will ever come down - despite all the indicators it should . What do you think.. maybe it’s gonna be a few years?
    2
  56139. A huge fan of your channel... Can you please talk about the doubled insurance rates on homes? Im planning to buy a single house in orlando area this summer, how will it affect home close to coast vs mid state homes? Found this article online. https://www.reuters.com/article/us-usa-insurance-florida-idUSKBN2AC111
    2
  56140. It means nothing if people can't afford the routine payments, insurance and taxes.They know, They are just stealing peoples savings.
    2
  56141. This is a blessing in disguise . Fast food is unhealthy. 🏡
    2
  56142. It be nice, if companies would get rid of management first, instead of those doing their jobs when cuts need to be made. It is management, not the employees who got the company in the position it is in. And stop hiring and giving management any monetary packages when you get ride of them. They did not do the company any favors if the company is having problems and having to downsize.
    2
  56143. how did YouTuber house sell price double?
    2
  56144. And Elizabeth Warren doesn’t think a direct letter to Powell that is not political influence? One way street if I ever saw one.
    2
  56145. this is absolutely spot on, lotta people are gonna fall because of this
    2
  56146. Pensacola beach
    2
  56147.  @MichaelBordenaro  credit debt all time high, interest rates climbing, housing prices out of control, what could go wrong?
    2
  56148. You are not negative. you are real and honest and I think some people have difficulties hearing the truth because they will have to face the music when the economy tanks completely. Poor financial choices now=suffering later. Diversify. Secure your resources now. Because it is not a "if" it happens, it is a WHEN it happens. Yes, people will loose it all if they do not plan now. Better to be prepared now, than homeless and hungry and living in a tent.
    2
  56149. 1 Mil on the very low end. Many millions as you go up.
    2
  56150. Yay! You’re back in Florida!
    2
  56151. Thanks for educating the public. Those of whom haven’t had the chance to purchase a first time home, and those who have and are able to realize just how fortunate they are.
    2
  56152. What about cheap land in Orlando
    2
  56153. Electric cars would be quite viable if they managed to make SIGNIFICANT advances in battery technology. But alas. And that’s sad, because a lot of people put heart and soul into these vehicles making and owning them
    2
  56154. How about giving the first time/ one home owner some leverage versus I be store by allowing a reduced interest rate? Own a home and want a second home? Pay the higher rate.
    2
  56155. Great speech, delivery, and content. Thank you 😊like a breath of fresh. Straight talk, no fuss
    2
  56156. Opendoor is starting to heavily drop their prices..They're still too high lol
    2
  56157. Love da content keep it up. So what im hearing is that basiclly we are not FREE to do what we want in our OWN property it seems like America aint so free =/ sad .
    2
  56158. Great advice, thanks
    2
  56159. what a crock, no way the true inflation rate is down. my theory is biden and his merry band of fools are trying to fake it in an attempt to make the average joe 6 pack feel like the recession is over. in REALITY, strategic reserves were depleted to give the illusion the economy is rebounding.
    2
  56160. 4:00 really? That would be cool
    2
  56161. You talking about Sausalito reminded me of that song Sausalito summer nights by diesel . A rock n roll song .
    2
  56162. Cold in NJ🥶You are so lucky 🍀Waiting for rent to drop a little bit 👍🏻Thank you Michael 👍🏻
    2
  56163. Sounds like I need to create a condo complex, make friends with flustered condo property owners (the building owner not the tenants) and then create an insurance company to cover them after each complex invests into the company, like a secured credit card. With the savings hire a private military because anyone who comes after me is violating the 4th amendment and is committing treason.
    2
  56164. I’ll tell you what , Florida is still better than California.
    2
  56165. Algorithm.
    2
  56166. Isn't lending tree a bank? Aren't banks having problems right now?
    2
  56167. I am still watching but the job numbers are lies too, a ton of the added jobs are part time and also governmental jobs. The numbers are just not good.
    2
  56168. It's only April and things are going to continue to get Crazy!!!
    2
  56169.  @MichaelBordenaro  Thanks Michael. You have definitely been the driving force for me. This channel deserves way more subs then it currently has. There’s tons of knowledge here that everyone should be tuning into. Unfortunately, people don’t like facing reality, until reality catches up. Great work!
    2
  56170. Thank you for reporting Michael God Bless you.
    2
  56171. There are lots of variables I have looked at some but I see a lot of potential in buying a 1200 square foot metal building as a residence in getting it framed out. Of course everything would be brand new and I'm thinking I can do it for about 180,000 to 200k depending on location.
    2
  56172. Sausalito is legittt
    2
  56173. I won't believe "rate cuts are coming" or any fool that makes that unfactual claim, until 2 weeks after it has occurred. I have heard those words for 365 days + and I am really tired of hearing them for another year.
    2
  56174. I bet the building wasn’t properly maintained. I agree it was up to the Board and City to ensure it’s up to code. I would put money there are hundreds of other buildings in Miami just like this ready to crumble. Greedy owners not wanting to invest money for upkeep. Watch what happens to other buildings. HOAs will increase dramatically and condos will not sell as building codes are updated. Bad time to own a condo in Miami.
    2
  56175. I;m a Licensed Realtor and State Certified Real Estate Instructor in PA. I Couldn't agree with you more! I've been saying this for the past few years....
    2
  56176. Would love to see you on the road and hope you find a diamond in the rough town somewhere that may be a great place - price and beauty -
    2
  56177. SoCal here we’re definitely not racist against flip-flops
    2
  56178. Thanks Michael and happy for you your chanel it's growing 😊👍
    2
  56179. Shame on this condo board that allowed this crook to take over everything. They are just as guilty for not pushing back on this shady control freak. Based on my experience as a condo board member, most unit owners cannot be bothered to attend one yearly meeting. Nobody wants to get involved but yet they will be the first to complain.
    2
  56180. Who has electric vehicles as Micheal walks by a Tesla in his Miami neighborhood exactly as he says this ! I'm in Illinois & the Tesla dealer is 2 miles away. Considering a non self driving Model 3 is less than $36,000 New plus Chevy / Toyota / Hyundai & Kia all have cheaper electric vehicles not a BAD idea ! 90% of those new houses won't be sold anytime soon either. All the student loan debt that you say people won't pay back - ruin their credit. No new car / no new house / no credit cards / good luck finding a landlord to take you in with no credit !
    2
  56181. How about some help to afford insurance, roof and window replacement? No money left in fund to help with this stuff.
    2
  56182. Start a business now that "Everyone is Fearful". Great videon Michael!
    2
  56183. Close to my 2nd house in Seminole. Has everything we need close by but only a 20 min bike ride from the beach. And prices are lower than Dunedin. That place reminds me of Clearwater beach but less busy. Madeira beach & Indian rocks beach are our favorite in the area. Not a billion people like Clearwater & St Pete beach.
    2
  56184. Wow, The parts of Florida you're showing us Michael, they are beautiful! Absolutely Gorgeous real estate & trees, I'm sure Russia & China are sharpening their blades as I speak! You really don't think they want what we have enjoyed & abused for almost 247 years? Democracies last on average 200 years, so it's my opinion they're gonna eventually take over America. Anyone with an ounce of foresight can see this is the situation right now, and if they have the resources would be preparing ASAP to flee this sinking ship. You honestly don't think China (and Russia) aren't observing our weak leadership in Washington DC right now licking their chops? It's just a matter of time before the axe falls, all Empires collapse eventually, America's no different..
    2
  56185. I agree
    2
  56186. I’ll be one of those people who can’t sell their house. I can’t afford the rent here in NC. Sh$ts gotten ridiculous. Plus the interest rate too high to buy.
    2
  56187. BEEN WAITING SINCE 2015
    2
  56188. Great analysis!
    2
  56189. Even the WSJ is taking off its rose colored glasses about the economy. Consumers are tapped out, more workers are being laid off, credit cards are maxed out, and stagflation looks to be our future. I'm just glad it's going to be obvious to all Americans before Nov.
    2
  56190. I love your vídeos May God bless you Michael 😍😍😍
    2
  56191. Thats when i am moving as well in September... 😃
    2
  56192.  @MichaelBordenaro  I'll have to check out the video. Thanks. I knew it was a steep area. My daughter is set on that location though.
    2
  56193. What is the title of the video?
    2
  56194. Funny you mention that. I just got offered a job for 60K a year in Sacramento. If I can’t get the right offer on my property by the end of the month I’m going for it. I can pay this house off in 5 yrs.
    2
  56195. Hi Michael, your videos are great
    2
  56196. Wow you are full info. Thank you Michael😊
    2
  56197. Love your videos.
    2
  56198.  @MichaelBordenaro  Flagler beach is a bit chilly at times and the surfing isn’t great but it’s empty 99% of the time so I like going there to relax. Seems cheaper than anywhere else north of Daytona. But I have to be located by navy bases to use my veteran benefits so I’m limited to Jacksonville or Space Coast to use the commissary PX etc
    2
  56199.  @MichaelBordenaro  agree it’s has not much to do, often overcast and cloudy but it’s main and only redeeming value is no crowds and easy parking. No surfing either. It just a beach place you don’t have to fight over for parking or space on the sand. It’s cooler than the surrounding area so sometimes cuts a heat mitigation spot. I was unhappy about how hot St Augustine was this week not even summer but the weather report says the heat will be over in a week. Of course it’s small potatoes compared to Miami but California weather has spoiled me
    2
  56200. Good video
    2
  56201. ​ @MichaelBordenaro and let the peasants prosper I'm not holding my breath
    2
  56202.  @MichaelBordenaro  Thanks Michael. We had sunny weather today and about 79 degrees not to hot. The Lake Michigan is not warmer yet for people to really hit the water but we have to wait for that maybe next week for warmer.
    2
  56203.  @MichaelBordenaro  Hahaha. I hear you. Yes, I do love Chicago here in IL. I lived in New York but yes Chicago and Lake Michigan are nice.😊
    2
  56204. Florida has to be #1 for the state with the most delusional home sellers. California is a close second.
    2
  56205. I agree Michael, when it's your time ...it's your time !....Live Happy and appreciate the "small" things in life.....Time will probably cure your justified concerns.....Godspeed...
    2
  56206. I can live for 500 years with that money anywheres in the world
    2
  56207. Michael, why have so many of the homes converted their garages to rooms? Is it to increase the value?
    2
  56208. What about South America? Expat?
    2
  56209. Happy Birthday, Michael 🎉🍻🍺
    2
  56210. Shove Venice! We'll never fall for any of that again ... made three trips down in the last few years and got slammed by red tide every trip... total waste of money not to mention the kids were miserable the wife couldn't stop coughing dead fish everywhere and on the last visit in September we read a report how they're looking at long-term cognitive issues in humans because of red tide exposure.
    2
  56211. You have about a 2% chance of assuming a loan.
    2
  56212. In NJ new Car Insurance Policy up 16% my homeowners is due in December and already received a letter that it will go up 12% to 18% Currently paying $1,000.00 per year on Homeowners. Taxes are 10K per Year. I retired 3 years ago and was thinking of going to Florida but will not with all the issues of Taxes & Insurance. Looking at TN, GA, NC & KY now
    2
  56213. As always, thank you for this negative news.
    2
  56214. PRICE YOUR HOME APPROPRIATELY… smart words.. buyer passing bye…just waiting…😊
    2
  56215. Tbh I see my 401k as a supplemental income anyways. That's why I am stacking on presious metals and opening mutual funds accounts on the side when I can.
    2
  56216. It's the same game over and over,the people can not figure it out.INFLATE ,DEFLATE
    2
  56217. What's your opinion about Lake Placid in Central Florida?
    2
  56218. A lot of Realtors would not back that up even though it's true
    2
  56219. The eagerly touted, Soft Landing Is absolutely nothing but a wished for fantasy!
    2
  56220. Keep telling stories about the houses you walk by- real life examples = important teaching tool
    2
  56221. Just think you could have been putting that $12K annually in your Sep IRA for retirement.
    2
  56222. Marriage is the leading cause of divorce 😂
    2
  56223. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 You always have the BEST information. Thank you again for what you do. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴
    2
  56224. How do retired people who bought a house back in say the early 90's, and the equity has shot up so now their paid off house is "worth" 1 million but their property taxes/insurance are soooo much per month? How do they afford this ? ?
    2
  56225. I imagine that in the short term, the decreased supply from the hurricane will likely increase prices, though, if taken advantage of properly, developers can buy land at a discount and build any property type cheaper than if they would have had to compete in that area to demolish existing homes
    2
  56226. 👀🤘
    2
  56227. Great Channel. I think your analysis is correct, with one potential caveat. A reduction in commissions could cause a few extra sales at the margin. I agree completely that the seller will still take the max that the market will bear, however they will still be looking at total net proceeds after commissions. I think they will not lower the price, but they may be willing to negotiate a small amount more within the space of the change in commission. Overall, I expect this would have an effect, but a small one that would affect a handful of sales.
    2
  56228. 🙏🙏🙏
    2
  56229. This happened to my neighbors when they bought their condo in Palm Coast Florida. They had their 15,000 Deposit stolen from a fake email.
    2
  56230. My Advise on stock market …….Only when the tide goes out do you discover who's been swimming naked. ...
    2
  56231. Remember there was very high appreciation from Jan to about june to August 2022. YOY not telling an accurate picture. Much data comes from MLS and much of new construction is not on MLS. Even the turvis tumbler factory store here near Venice has a "up to 50% off" 4 day sale going on now. Truly a sign of economic times!
    2
  56232.  @MichaelBordenaro  👍😉!
    2
  56233. FL residents complained about car insurance and property taxes which I totally understand 😏 here I am in CT paying $ 1,300 a year for my car tax! Relocating to FL in 1 week 🤩 I am excited 🥳🥳 my car insurance will be $40 more in FL I am renting out my house in CT which will cover my mortgage and my rent in FL…
    2
  56234. Hi Mr.Bordenaro,do you visited World Equestrian Center at Ocala,you can make beautiful and instresting videos,is free entrance,also,that tour take you somes hours,because is big.
    2
  56235. California is waaaaaaay more scenic, Florida is scenic in a watery kind of way. Our lifestyle is based around the water. We eat out of the water, it rains everyday at rain:30 pm, humidity, fishing, beaches, and water parks. We are the water people. California is everything at once hills,water, palm trees, weather, and entertainment. I prefer Florida living but California is cool AF and the people are nice outside of population centers.
    2
  56236. Absolutely. No matter how much properly you have, if you don’t have peace of mind it’s not worth it. Mental pressure is one one of the reasons for Dementia or Altimers at early age. 🙏🏼
    2
  56237. Michael -- remote work is the second generation self directed work team. Remember those in the 90's? Trust everyone to work together and take out the supervisor which was the source of most of the anxiety. Everyone will work hard since everyone else does. Yea right! This remote work cancellation is predicated on correcting for slackers. I don't deny many will quit because of the circumstances but that's the employer being smarter than the employee.
    2
  56238. I don't know about the rest of the country but here in Nebraska I get offers for my house all the time at least every three months. They aren't low balled prices ether, there generally investment groups. Is that normal? Should I avoid them?
    2
  56239. Good Information!!!!! You definitely know ur homework.
    2
  56240. So I’m confused, how is the the Fed slowing the rate of hikes from 75 to 50 considered a pivot?
    2
  56241.  @MichaelBordenaro  No Offenses Intended!!! Mike, it's just not the same world we grew up in!!! Thank You for your reply and great channel!!!
    2
  56242.  @MichaelBordenaro  Thanks for your reply!!! ;-)
    2
  56243. 8th?!
    2
  56244. Love the water views but where are the birds? Are there any fish out there?
    2
  56245. 👍✅🙀✅👍
    2
  56246. Hay Michael / Great Financial Advice today. Boomer here I have been Prepping sense the 1970s before it was a Lifestyle, when we had Lines to get gas and you could only buy it every other day, I Saw The Writing On The Wall. I subscribed to a monthly newsletter called the Tightwad Gasett, It had great ways to save money. I got my House in order bought a House paid cash for Cars did not eat out much Saved a Ton of money Zero Debt ever since No Mortages on two Houses Now , 5 cars and a Airplane all paid off NO DEBT I bring in MiddleClass income and don't work retired at 57 . IT Can be done . It's better to Have it and not Need it than to Need it and not Have IT. Keep up the Good Fight/ Bommer Out
    2
  56247. The inflation number is a joke. It does not count the 3 most important things you need to live: Food, Fuel and Housing. So what the inflation number does will not really affect your budget.
    2
  56248. Gen Z here. Never expected for a minute that I'd collect social security, yet I still have to pay for it because it operates like a pyramid scheme. In my experience Gen Z has a lot of animosity towards the Boomer generation over things like that.
    2
  56249. Wow so sounds like florida has turned into nyc now. That's how a lot of sellers act here. Fire their agent just to relist again for more. Had this guy priced 1.7 mill back in April 2021 it probably would have sold. Now they are gonna wait another year just be forced to sell at 1.5 mill when the market keeps falling.
    2
  56250. They have to make a full disclosure or they can be liable.
    2
  56251. Amazing information, thanks you :)
    2
  56252. Even though offices are open mostly. Majority of employees need to be vaccinated. I myself will not be vaxxx. So my offers are limited. This whole place will implode. Be ready.
    2
  56253. Michael when I hear the word fly I think fly-by-night operation boy they give them selves away from being the shitty company just buy the first word in the companies name fly but a good contact Michael as usual do you were going to have to meet up sometime down in South Florida
    2
  56254. Michael, this economy is nowhere close to the bottom. We are strongly affected by what’s going on globally. China & Europe are already in deep decline. Inflation here will not be in control until interest rates move up in double digits. The Fed knows our economy today cannot survive it. We are screwed!
    2
  56255. All my insurances, including health, house, car, went up a lot. We will live in a new reality with inflation for long time. And it does not matter who will win in November. All politicians just want to make Wall Street happy.
    2
  56256. Homes in Western NC in the $400-$600K range are gone almost immediately and need money spent to update.
    2
  56257. Same here.....cant wait to leave Los Angeles it is killing me, nothing's great here anyway even the beaches in South FL are way better than around here where the water is freezing cold [even during summer] , full of seaweed, dirty and windy! I see you in FL bud !!
    2
  56258. My family has lived in Palm Coast for 16 yrs! Crime rare is low and we are in the F Section and is 15 minutes away from stores. Dollar General is just a few minutes away. Nice place to live!
    2
  56259.  @MichaelBordenaro  lol !! Michael my ex was a classical guitarist I never thought about learning guitar from him I was just to busy with my business ! Now that I have more time I’m thinking more about it and regret not trying to learn when I had a chance ! I listen to Estas Tone , I wonder if you know him ? Thanks :)
    2
  56260. if you go by the Fred mspus, it hasn't gone down at all. there will be an update later this month. do you want fast data or good data? the more data to compile and verify, the longer it takes. is redfin right enough for you? is case schiller right enough? are you day trading houses?!?
    2
  56261. It's more affordable. I'm a musician and I can work. Lived in LA for 24 years and worked full time as a singer. When that town was done with me...(the last four years it was uphill all the way), I moved back home to Tampa Bay. Yeah, it's an adjustment, I miss S. CA weather, but I don't miss that state picking me up, turning me upside down and shaking every dollar I had out of my pockets. The feeling is that, "Our state is the best and you will PAY to live in this splendor." LOL Well, yes and no. I don't miss santa ana winds, the traffic, feeling like I'm judged for my age at every turn and having to compete with every "super human" who moves there from all over the world to make it big. Hell, I milked it and had a great time. Sold my house there and now living cheaply in Florida, which gives me options. Able to get paid to make music, I'm not just seated in the audience applauding others who are doing what I moved there to do. I lived an element of my dream there...had high end touring gigs..saw the world and drank a shit load of good wine. Moving on!
    2
  56262. The Fourth Turning.
    2
  56263. Government intervention sucks..
    2
  56264. I’ve been eyeing St.Petersburg area for the past year. Prices went from low and mid $200,000 to mid $3-$400,000. Rentals are looking similar to my area in HI.
    2
  56265. Great perspective! Thank you for sharing!
    2
  56266. According to Redfin housing prices in my town in Massachusetts are up 0.5% compared to last year with on average sold after 13 days on the market. 60 % sold over the asking prices. Although less sold this year than last but not sure if that is because of low inventory. It is not clear that these conditions will change anytime soon, but I think it has too from past experience.
    2
  56267. $16t printed between this and the previous administration. The effects are here to stay, at least for a few more years.
    2
  56268. I am coming around to see silver and gold as an insurance policy for future use vice an investment. Speaking of investing, I had a co-worker that came out of retirement due to his 401 dropping so much, he could not live on it any longer at the age of 68. Thanks again for the video.
    2
  56269. fed is obviously incompetent and blind. Gdp will be down.
    2
  56270. Good one. Your view from the street is so refreshing compared to the people living in thier bubbles and clueless of what is going on. I agree 100%, this is unsustainable.
    2
  56271. All of us Jersey people are heading your way Michael be afraid be very afraid. We're going to take over the beaches we're going to take over all the Sizzlers there will be spontaneous Jersey parties. Gold necklaces tanned tattooed bodies complete debauchery
    2
  56272. Howdy Michael. Another Great Video. I'm not at all surprised regarding the changes that have taken place since Surfside. I assumed that there would be a flood of new listings in its sister building up the street, but I guess it never happened to my surprise. Keep up the good work.
    2
  56273. I'm surprised too. I wonder if they all came together and decided not to sell at that time, assuming they got it inspected and passed then that was a smart decision at that time.
    2
  56274. As you know Mike, the "unemployment rate" as currently computed is so full of statistical holes made by bureaucrats for their political overlords, it means nothing and is used to show a false positive to the gullible masses. Most people need to be reminded of this. Just read up on the many objections, made by economists, about this stat and why one needs to look elsewhere for a REAL statistical reflection of unemployment in this country. And the media makes too much of it as well. It is a false indicator of "true unemployment."
    2
  56275. Great sleuthing Michael! Do you ever find one-month vacation rentals for individuals? I'm having a very hard time finding an affordable Studio condo that looks like a joy to stay at anywhere within 25 miles of Palm Beach that's ocean view, balcony, elevator Feb 19 to March19 for a working vacation. Can you help or recommend someone? Thanks for the great youtube clips!
    2
  56276. Thank you, Michael. I appreciate the response! All the very best!
    2
  56277. Yes the FEDs want the prices to drop and I do too
    2
  56278. I knew it! Travis posted something telling us to guess who he was on the way to meet up with and I thought... Michael Bordenaro of course! 😅
    2
  56279. Congratulations! AGAIN!!! Keep it up.
    2
  56280. Joe Manchin wants to power you EV with his coal 💰💰💰💰💰🤫
    2
  56281. dam right ! left buffalo for good, the snow plows dropping salt rotted out my gas and brake lines on my vehicle, wonderful. GOODBYE
    2
  56282. Prop up what economy? They have the fucken brakes on it with high interest rates. It’s Florida that’s fucked !
    2
  56283. You are correct about the hotest day of the year. We are having the strongest heat wave in nearly 20 years! Head to the ocean!!! By Saturday the highs should be down to the mid 80s. FWIW it will be 20-30 degree warmer 20 miles inland.
    2
  56284. Glad you and your wife were able to enjoy Palm Coast. Miami and Miami Beach are in growth mode. I go to South Beach often.
    2
  56285. as I was watching this I checked out my area and found not many house forclosures, but many banks, home loans, loan cares, reverse mortage loans/lenders. the list is endless. that is scary, over 20 different bank buildings alone.
    2
  56286. It’s American capitalism! No mercy for anyone! You don’t want Socialism do you?
    2
  56287. Somebody should do an investigative report about how many small businesses have failed and filed for bankruptcy. Also how many personal bankruptcies have occurred in the last 4 years. That would be a real news story instead of DEI distraction stories.
    2
  56288. What are you talking about Michael, eat at home? Shoot it's so bad I'm eating my home. 😢
    2
  56289. Hi Maria, you should watch a little more of his videos... you would probably have a different opinion.😉 This one is a infotainment video.😄 Have a beautiful day!😎✌️
    2
  56290. Subbed! Wow that looks like a nice , quiet neighborhood
    2
  56291. First
    2
  56292. I liked the tree break
    2
  56293. Please tell me a year in history when government ever reduced their spending and collecting .... I'll wait ....
    2
  56294. Abbet Kinney is right around the corner go walk down that road see you
    2
  56295. Michael, one possible solution to the insurance industry lobby group in Wash. DC...is ...self -insurance. Allow the US Tax code to enable citizens the option to set-up insurance accounts with pre(un) taxed earnings.....Insurance Companies are basically "Risk" Casinos , similar to Vegas Casinos....where the insured "bets" against themselves.. Actuarial Science calculates the probabilities ( always in the ins. cos. favor...the "edge" or "odds")....Hope this helps...Thank you for another Terrific Video !....Take care..
    2
  56296. Thanks for the info
    2
  56297. actually MARKET CRASH HAS NOT EVEN STARTED! ITS GOING DOWN WORSE THAN 2008
    2
  56298. Thanks for the valuable information. I got laid off a month ago, so I am geussing it might be the start of recession if no one does anything to fix this economy.
    2
  56299. Welcome to the end of the world, and the beginning of the new world. : )
    2
  56300. Kristen Jo WOW, what a small world!!!😲☺️🙌
    2
  56301. The pandemic was a created crisis, just as the present shortages are.
    2
  56302. Awesome info and perspective! Merry Christmas, Happy Holidays and a Happy New Year to you and yours, Michael 😎
    2
  56303.  @MichaelBordenaro  thank you have a wonderful day
    2
  56304. Pretty sure when Don Johnson walks these rich hoods the drug dealers are like fuuuuck there goes the neighborhood.
    2
  56305. The Fed is bluffing. They are getting ready to pause next year, below the target, due to the deterioration in the economy. Also, rates above 5% would bankrupt the government in interest payments on the debt, can't have that.
    2
  56306. Maybe 16% of the population are Realtors…lol
    2
  56307. Doctors are loading 400,000$ in student debts plus more to build a clinic and half a million plus dollar home 😂😂
    2
  56308. Michael, happy new year 🎉🎊
    2
  56309.  @MichaelBordenaro  yes sir! And maybe recommend what to order from each place
    2
  56310. Can you provide an amazon link to the microphone you use ... does that bluetooth to your phone? Maybe do a full video on how to do videos the way you do.
    2
  56311. I love the way you honestly share your thoughts and feelings with us. I am from Illinois, not too far from where you grew up. I’m moving to Florida later this year. Can’t wait. Hugs to you. 🤗
    2
  56312. I love that area, the street you walking too it’s clean the surrounding. Curious how much median housing there thank you. I live in Las Vegas but I’m sure I can’t afford to buy a house there
    2
  56313. A house in Florida was 300k is now 800k — can’t wait for the crash
    2
  56314. 🌴🌴🌴 Airbnb was great about 10 years ago. But the US is banning so many of them across the nation. People need to do their homework before they buy! GREED is running this nation big time❗️ Also I’m not surprised that “Sellers” are offering to pay both sides parties to close a deal. Thank you Mike for covering this. Blessings from Paso Robles, California, Carlos PS, Hi 👋🏼 LISI 🎈🎈🎈
    2
  56315. Great video. Been looking at Jupiter Farms and things are crazy in terms of price.
    2
  56316. Politicians are gaming the stock market. Look at all the things they are forcing you to buy more of and then look at Pelosis's stock picks.
    2
  56317.  @MichaelBordenaro  we backed out of the contract. It didn’t feel right knowing he was an investor overseas and just bought the property late last year. But we did end up buying a home on a canal and are very happy about it!! The seller had been there for 10 years and did a fine job in upgrades. I feel better about giving my money to a true local.
    2
  56318. And I’m not paying $20 for a cheeseburger 🍔
    2
  56319. Congratulations Michael!🥳
    2
  56320. Yeah. They're like the collaboration of Hoovie and Doug Demuro, but for south Florida real estate wisdom.
    2
  56321. 22 here today too 😂
    2
  56322. Patiently waiting for resets and resulting foreclosures eventually…😅
    2
  56323. Great stuff Michael. Saw your comment on "Real Estate Mindset" LOL I have owned homes since 1991 before Hurricane Andrew and after retirement here in Miami I am priced OUT! Crazy Times, can't wait for a CRASH !!!!!
    2
  56324. Michael Bordenaro oh boy oh boy 😄
    2
  56325. Check dumpy areas in St. Petersburg, FL . These investors list saying $200K in cash only!
    2
  56326. Oxnard & Ventura are the best bet for studios near LA otherwise you have to go south to Oceanside which is way further drive into LA or stay in a neighborhood with crime if you have to work in Hollywood but most people are fleeing $6 a gallon gas high taxes etc.
    2
  56327. That $175K Condo assessment made CBS Miami TV..😁😁😁
    2
  56328. Thanks! Michael, Great content. Day after day. I know its a lot of work. Writing, filming, editing etc..
    2
  56329. I thought of you when I first heard. I am glad you are safe. It's a very sad situation for all involved. At the time I heard I was in Key West, I received an odd message from family back in California asking if I was ok, I was in Ft. Lauderdale/Miami just days prior. My friend is in a high-rise on the Intracoastal. I sent them pictures, which then frightened my family as they watched the news. From your past videos my main concern was flooding streets, with my car. Now as I am hunting for a place in St. Petersburg I am wondering about these high rise buildings as well as flooded streets. Certainly things to consider. I hope you update us as to the volume of condo listings that arise over the next few months. I'd be curious to see if it's normal volume, higher or fewer for year over year. As you said it will definitely be interesting to see how the market responds to this.
    2
  56330. Yea I hate it here, I’m in Philadelphia, the plan was always to move to Florida when I’m older, and have a bit more money, but I’m seriously considering making the move much sooner even if I’m not where I’d like to be financially yet.
    2
  56331.  @MichaelBordenaro  Michael, one last question. I assume you've addressed this but did the weather get you in a better mood? Yes, I am aware of the humidity but I am speaking of a general sense.
    2
  56332. Maybe U don’t understand, They want to raise the rent to - forced them out to put houses on the valuable property in question— Can U say Annexed 🇺🇸
    2
  56333. Also in California and Oregon you can't easily concealed carry. Here in AZ you don't even need a permit to carry concealed but it's still a good idea to get one. I did.
    2
  56334. According to my realtor friends over here, nothing is moving in Naples. Houses are just sitting with no bites and people cannot get approved for big enough mortgages to buy the homes that are for sale or to build a new one. The housing prices are also tanking. I wish we sold 7 months ago and took the money and ran but my boyfriend 86'ed it.
    2
  56335. We’re not ready for electric vehicles, and yet we’ve not done anything to get ready for the past several decades. So it’s not a matter of common sense being the argument to wait. We need to spur society toward upgrading our energy infrastructure and that’s what Tesla (primarily) is doing. That company is pushing the limits to force the issue. What common sense will get you in this case is a country that will fall behind other countries in a transition to a sustainable and clean energy future. As an example, here in The Philippines I pay $6/month for 5G cellular service with 3GB of data. If I need 30Gb of data on my phone I could pay just &20/month for that. Counties that went from very little wired phone networks straight to cellular leapfrogged countries like the US that had tens of billions of dollars invested in their wired infrastructure. Are we willing to let the rest of the world leapfrog us again, this time on electric vehicle technology and infrastructure? If we do, I can hear the republicans ten years from now complaining about loss of even more jobs overseas as the manufacturing and components and supply chains will be built there rather than in the US. Yes, it might be painful, but America has to start investing in its future or it won’t have one.
    2
  56336. Music is every night in 3 town squares ....each neighborhood is a village with it's own name collectively The Villages.
    2
  56337. 7 signs!🧤✈️🥭
    2
  56338. in these high-rise condos can you hear your neighbors upstairs? How is sound proof?
    2
  56339. Airbnb quality is such a mixed bag, but I feel for the hosts and landlords as well. Every single "mom and pop" landlord I know has stories about people partying, doing drugs, overdosing, stealing, not paying rent, destroying the property, and the list goes on. Even way before the pandemic eviction moratorium, the first month's rent might be the only time someone ever sees any rent money. Even though the mom and pop landlords tend to offer more competitive rates than corporate landlords, they get more easily burnt by bad tenants and the local governments.
    2
  56340.  @MichaelBordenaro  "Elsa"
    2
  56341. Its not cool no organic
    2
  56342. Jackie Gleason the old time actor lived in Miami and performed a lot at Miami hotels. He put Miami on the map for entertainment
    2
  56343. Nice.
    2
  56344. MY house in the hills o Clermont will be worth a fortune. It will be close to lakefront
    2
  56345. I live north of town and little traffic. I love it. Ok driving farther
    2
  56346. Sounds easy enough, live within our means, all we have to do is do it. Same for losing weight, exercise, education, social skills etc.
    2
  56347. It's looks better
    2
  56348. What do you think about In California I heard they are still allowing renters to have eviction protections. Individual investors landlords may loose their investment property. Some have not paid rent a few years. Is that correct
    2
  56349. At the rate they're going the FED is at risk of causing stagflation, but the current administration is at very high risk of getting shredded in the upcoming elections. So I would anticipate a very rocky year, then a slow climb out heading to 2024, after that, who knows.
    2
  56350. In technical analysis, price is always the most important metric. But the second-most important metric is volume as volume is supposed to confirm price. In the Boston area and a lot of New Hampshire, there aren't homes under $500K.
    2
  56351. Stop explaining to those who aren’t listening.
    2
  56352. Great report, thank you
    2
  56353. How about American Indian
    2
  56354. It’s hard to own a house these days. And dollar is depreciating fast. Check out BRICS countries ditching the dollar. Housing prices expected to go up
    2
  56355. you know your shit man, your def not just a pretty boy! good stuff... keep it coming!
    2
  56356. End the corrupt Fed and stop stupid governments interventions to prevent this crisis from happening again.
    2
  56357. Midwest / suburbs are very car reliant, not too many walkable big cities except for Chicago.
    2
  56358. Do you really want to know who's gonna fix the economy? The BRICS nations, possibly including Saudi Arabia. Destroy the dollar, and we'll all be working for Chinese Yuan and Russian Rubles!
    2
  56359. First comment. 👍
    2
  56360. That’s what the rich do. The home owner still made a profit, there’s no victim here. Sound familiar. 😡
    2
  56361. Michael, you've been talking about massive layoffs and company closures for a while, irrespective of financial reporting indicating that all is well. Financial reports are probably inaccurate based on the five-percent of the population doing ninty-percent of the purchasing/investing. Today I googled for three countries, USA, England, and Germany, 'layoffs in the xxxxx industry during 2024''. For the 'xxxxx' industries i entered technology, automotive, and another I don't recall. The results were staggering. I'm wondering if we're heading into another Great Global Depression like that experienced in the USA from 1929 to 1939. ?What do you, Michael Bordenaro, think will happen to us little people, and when? Scary. No?
    2
  56362. As a fellow Illinoisan, I can tell you that I also dream of Florida every day. I've always dreamed of retiring there. Now, with the political climate of the country, and the mass exodus from states like California, New York and Illinois, I don't know if it's going to be a possibility, by the time I retire. Grey skies for 9 months out of the year, only leads to depression! Congratulations for making your dream come true! Love the videos. Keep up the great work!
    2
  56363. Stack your $$$. It's almost time to eat.
    2
  56364. Haven’t been shopping and don’t plan to. I’ll give my kids some cash and a smoked salmon dinner. Merry Christmas!! I keep between 15 and 20k in bank account. No debt except 5.54% mortgage. Under 100k loan balance. Took pandemic money and started day trading. Shout out to JBravo. Have done really well and turned 19k of helicopter money into 80k Retired with a couple of pensions Insurance went up 60% this year on my real estate. Things are certainly tighter but overall things aren’t horrible at my house. Hope that helps with your question. Keep up the great work. Love the channel
    2
  56365. The market sets the price of housing. 20 years ago, I was trying to sell my crappy 3 year old Dodge Neon that was falling apart, but nobody wanted the car at any price. I ended up selling the car to CarMax for a few hundred dollars.
    2
  56366. Thank you so much!!!❤🙏 Wow!!! 30 years!!! 👏Congratulations!🎉 We need 15 more to catch up to you guys ☺️
    2
  56367. Merry Christmas
    2
  56368. So Michael, are you going to list your condo???
    2
  56369. Another driver of high insurance premiums in Florida is the high tort costs in the state. 2nd highest in the country. You guys would have a heart attack if you knew how many ridiculous and over inflated insurance related lawsuits are filed in Florida every month.
    2
  56370. Happy New Year Michael 🏖🎉
    2
  56371. How can we drop 50% i would have to sell mine for 150k i owe 100k what will i make nothing 20k for the agent ??
    2
  56372. Interesting video. Makes you think about all which is wrong with big business buying entire building properties for rentals. These are apartments which will never be sold privately, person to person ever again, effective ever reducing the number of homes available to buy. Even private landlords will sell eventually through circumstances, death, reinvestment etc. these apartments though will just be continually churned through as rentals forever. Blackrock and the likes should never have been allowed to control private homes to that extent.
    2
  56373. That buyer got FFFFUUUUUUUUUUUUDGED
    2
  56374.  @MichaelBordenaro  if we are in a recession, there will be others who do really well too. There's still money, the problem is the wealth gap... everything happening will create extreme wealth and extreme poverty and demolish the middle. Bad and good times are like the sorting hat in Harry potter or my husband job....up or out. It's been happening for decades now. I think the biggest problem Is that builders only build for the wealthy.... the under 2000 sf home is disappearing. Btw....i really appreciate your measured takes.... you aren't screaming fire, but not blind to shifts. You're advice isn't extreme and going to cause someone to buy a house they can't afford or pass on a house they can. Thanks for not clickbaiting or fear mongering like so many others. Also, its nice you take the time to respond to everyone.
    2
  56375. There is nothing wrong with being negative if the situations or circumstances justify being negative. Recognizing a problem is the impetus for positive change. If people went around all the time being happy and positive, then very few people would be living in reality. But don't ever recognize a problem without also offering a solution. My life experience is that people who seem to be happy all the time are usually the very same people who are crying inside.
    2
  56376.  @MichaelBordenaro  Just take things one step at a time. But I do suggest you consider living on Galveston Island. It is a beautiful island, though they definitely get hurricanes there. Look at some google images for Galveston and see how nice it is. It is a very historic city and it is hard to explain, but it has a kind of romance to it.
    2
  56377. Happy New Year
    2
  56378. Michael about to have them extra bulk and shredded delts holding up that camera for 20-30 minutes a day LOL. great content 👍👍👍
    2
  56379.  @MichaelBordenaro  there’s a bad section of San Francisco by the old Candlestick park off Paul street that has a lot of lower prices especially Hunters Point that brings the typical million dollar San Francisco prices down some but I read businesses and people have been moving out of California including San Francisco and home prices have dipped for the first time according to business insider
    2
  56380. TAURUS RULES!!!
    2
  56381. The Tiburon housing market will never crash. Prices may go down, but they will recover quickly.
    2
  56382. Some folks spent their entire lives living on the edge, one paycheck away just covering their expenses thinking this is how 'normal' people live then you hear cases where trailer parks get bought up and rents raised and they are told pay the new rents or move. Well their dilapidated homes are no longer mobile as they are typically 50 or more years old.
    2
  56383. Recession won't be felt until mass layoffs start occurring. Layoffs occurring now but are relatively small and there are still lots of jobs available. In 2000/2008, the economy fell apart when people start losing jobs en masse, leading to a snowball effect. We need to start seeing big firms laying off thousands and hitting the headlines. When 96% of people are employed and there are millions of job vacancies, it'll only be a recession on paper.
    2
  56384. My hometown it’s definitely a retirement place I recommend no young ppl move here
    2
  56385. Thanks for all the great advices Michael, you have and amazing Chanel here
    2
  56386. its the brain washing when u rent u can take any job any where... u can move to another place... u can travel (live only once)... u can play the RE cycle... u have freedom n never have to visit HD Lowes -- the time commitment is massive. u can live overseas get alway from the profiteering in US. i flip a lot of homes in the past but i love renting over being a homeowner. if i wanted to move to montauk for 6mos for striped bass fishing i do it...or Hawaii for 6mos i do it...
    2
  56387. The digital license plate is for the greedy it's AI!
    2
  56388. Inflation is not going down new cpi numbers came out today and inflation went up half of a percentage point. Yep, inflation went up %.5. Now that midterms are over dems/libs don't care no more. Whoever voted dem/lib ya'll got scammed and this is on ya'll. michael, is your mom a rural carrier or city carrier? I am guessing she's a rural carrier because rural carriers get paid by the route not by the hour, city carriers carriers get paid by the hour so I guess that's why you said your mom get's paid depending on the mail volume.
    2
  56389. Prep like your camping.
    2
  56390. ​ @MichaelBordenaro  Possibly, but the old homes can be remodeled to add a separate living space. Multiple families or vacation rental apartments seems to be a trend, right now.
    2
  56391.  @MichaelBordenaro  True. One has to have the remodel money upfront, or qualify for a much bigger loan.
    2
  56392. I live in Texas my nephew lives in fort Lauderdale and I asked him every year why do you live in Florida you need to move he always tells me auntie is not that bad here North Texas up by the Red River to counties away and yeah we get tornadoes and rain and crazy stuff like that
    2
  56393. Wow. Even the mortgage people cant say never. Remember after 2008 we will never ...
    2
  56394. road trip! i always wanted to do a cross country rv trip! 😮
    2
  56395. Michael,in a practical sense hybrid cars seem to make sense in my logical world.i have a friend who has one and never has to plug it in.the gas engine is the electricity😊
    2
  56396. I retired at 60 and moved to a cheaper country. My best decision ever.
    2
  56397. Great video!
    2
  56398. Condo HOA’s are pretty bad though right? Sort of lose purchasing power when that’s factored in.
    2
  56399. Grreat reporting.........makes a lot of sense........thank you
    2
  56400. Another epic video!!! 🎆🎇✨
    2
  56401. hurricane's could change some markets
    2
  56402. Yes, the 10 year bond dropped somewhat, so that's why there was a small drop in mortgage interest rates.
    2
  56403. I already subscribed
    2
  56404. Thank you Michael for sharing 😃
    2
  56405. First to Comment!! 🙂
    2
  56406. The FEDS have many tools to fight back against states that refuse the CBDC for instance how about all FED employees, retirees, Social Security recipients, file taxs ,etc must use the CBDC. How about no funds to states that refuse.
    2
  56407. Will the implosion of banks push the rates down? If not the spring season is dead
    2
  56408. I got scammed and I want to report the scammers they are yet selling their fake product on there
    2
  56409. I wouldn’t pay anywhere near that for those homes, they are awful and ridiculously over priced.
    2
  56410. Michael, I don’t know where people are getting money but out of complete desperation I decided (with my 4 college degrees) to become an Uber eats driver. Well I drive to very expensive neighborhoods and let me tell you! People are getting the money! Through drugs, porn, and the cop… I see a lot of rap names Chinese names and they are taking over all the expensive neighborhoods it’s so sad . I thought we were winning it sucks! I’ve given up
    2
  56411. Nobody with a QM loan is going to foreclosure if it happened after March 2020 due to forbearance. You can cash out refi QM and that is the way to do it. Where you run into trouble is HELOC and other non-QM.
    2
  56412. I’ve heard these homeless programs. They screen for drug use from what I’ve gathered. Too many just normal schlubs working and homeless. You are falling into the trap of what are homeless population is because of media and they drug addicts and mentally unwell are the most visual.
    2
  56413.  @MichaelBordenaro  🤣🤣🤣🤣🤣 he did have a crack actually. I nearly slipped a coin 🪙
    2
  56414. Living in plastic is extremely toxic to your health. That’s why we don’t want plastic in the ocean.
    2
  56415. Good for you, congrats and enjoy your new condo!
    2
  56416. The USA is in for a very rude awakening. The bottom is about to drop out from under the dollar. It will soon not be the world standard and when that happens the dollar will become worthless. We have nothing to back it up. Get ready for wishing for "the good old day when eggs were only $7.00 a dozen."
    2
  56417. Indpls going up same house by same builder, different sides of town marked up $65,000 over.i understand sales and profits but enough is enough..
    2
  56418.  @MichaelBordenaro  thanks
    2
  56419. inflation isn’t going down - fed is raising more - refi later ? in 10 years ? How DUMB!! Limit foreign investment
    2
  56420. @Michael Bordenaro You asked me to let you know how I made out with raising the price on my house. Last year in October I put in on the market for $425k and took it off after 2 months because I realized if it sold I’d me moving during winter. I did some work to the house and put it back on the market in June for $450k and immediately got a buyer. That sale fell thru so I did more work to the house and put it back on the market for $490k. I just accepted an offer of $480k and hopefully the sale goes thru. I know you said it was a mistake to raise the price and I’m well aware I probably got lucky.
    2
  56421. Bro bad take, paying 3 months rent is RIDICULOUS. Miami and California are some of most extreme rents of all the US. Also in California you can charge extreme premiums for a shack that anywhere else besides NY/TX/FL in the entire nation would cost 1/3 as much. So on top of paying 3x the rent, you also have to pay 3x the deposit?
    2
  56422. 💯💯
    2
  56423. as always great info.
    2
  56424. I knew it, that other guy was an imposter!!! EXPOSED!!!
    2
  56425. Not sure why Floridians feel that way cause I sure as hell don’t lol. This place is unaffordable as all get out……
    2
  56426. i want to buy those sunglasses and support your work, is there a link for that
    2
  56427. Usually in the drop down box up by title under “more”. The link is usually there . 👍
    2
  56428. Yes he has already provided the link before. They are really cheap, great , beautiful and cheap! Nice.
    2
  56429. I looked 👀. It’s not there. I think he said the guy was sold out a cpl. Weeks ago. 🤷‍♀️ michael needs to make his own brand
    2
  56430. Congratulations Florida! It's about time. Go to a homeless shelter or go to jail.
    2
  56431. wow, $500.00 increase in rent. That’s average of what is paid for rent as a whole here.
    2
  56432. You are right sir 🤘👏🤘
    2
  56433. why the fed isn't listing to your channel ?They should know that spending is killing this country. They kill us with lower interstate rate and they knew it what is coming because inflating the prices of anything government collect more taxes and is good enough for them
    2
  56434. I have a mobile home in MA and our home owners insurance is 182 a month.
    2
  56435. A lot of people are missing what the economy means for homes. People that bought a high home price think they will refinance at a lower rate....lol wrooong it means you will pay that mortgage until you collapse
    2
  56436. It’s funny they didn’t mention a wind mitigated roof lol
    2
  56437. Yea it takes about 45 minutes to fully charge a tesla
    2
  56438. Congratulations!!!
    2
  56439. The economic game: I have nothing! I want to be rich! When I get rich, I want to be wealthy! When I get wealthy I want to be rich again.
    2
  56440. Your father and I are the same age, my father past away when I was seven. For you to be able to sit down and talk with your dad is very special, cherish it. Your dad appears to be a wise man that can still impact his children’s life. Thank you for this candid interview. Bless you
    2
  56441. Paid 300$ for the first cars i owned..
    2
  56442. Nice haircut 💇‍♂️ Mike
    2
  56443. I am SO glad that this video was suggested to me by YouTube. Your story is inspiring, and really made me even more confident in my choice to relocate to FL.
    2
  56444. What state are you in?
    2
  56445. I’ve lived in California for 35+ years. Cost of living is expensive but I’ve managed by renting a 300sf room and cooking my own food and have a well paying job. Policies in OC is much more relaxed than LA. I don’t see homelessness being an issue here as much as LA. I can’t see myself moving anywhere else. California has everything there is to offer.
    2
  56446. I see a lot of old apt. buildings...looks maybe 40's & 50's even. How much are those per month?
    2
  56447. You guys are awesome 😎
    2
  56448. We are already in a recession, what do you mean when the recession hits? Don’t tell me you believe biden
    2
  56449. Better to be alone, than in bad company! The three unhappiest people I know, are that way because of abusive spouses, and incessant nagging definitely counts as abuse!
    2
  56450. Partition sale ordered by the court
    2
  56451. YUP! Remember that one! I always wonder about those kind of properties. Figured it was just someone with so MUCH MONEY... they didn't give a damn whether it leased/sold/ whatever. Crazy ... but that is what I assumed. Love your "Walks" Talking the TRUTH. More detail about the "History" of each property is QUITE entertaining. AND Educational. Thx
    2
  56452. Don’t spend more than you make. Don’t take out bad debt. Only take out “bad” debt for home and a reasonably priced vehicle. The other debt you could take out is good debt. A debt for business you are starting, a debt for cash flowing assets, etc.
    2
  56453. I live in Southern New Jersey, near Philadelphia, PA. Florida is definitely more beautiful.
    2
  56454. He sounds like a gender studies Dr😂😂😂😂😂😂😂😂
    2
  56455. I wonder is registering a motorcycle just as expensive
    2
  56456. Layaway 😆👍💯
    2
  56457. Powell massive dovish speech today. The FED has already surrendered🏳️ to their inflation master🤦🏻
    2
  56458. There are now planning to demo the remaining portion of the building under threat of TS Elsa. Condolences to everyone who lost someone 💔🙏🌹
    2
  56459. Any damage from Hurricane Ian now threatening Florida will need to be paid from Citizens and other insurance companies. That is, if you even have insurance. As Michael said, this can only exacerbate the insurance problems in Florida, and the premiums associated with policies. Let’s hope Ian isn’t too serious in the state.
    2
  56460. Good video. Thank you!
    2
  56461. Its not about the environment or climate change, its about $ an making people more confined to their areas , if had anything to do with pollution or the above mentioned, governments wouldn't dump so much trash an plastic in the oceans !
    2
  56462. Good Job Mike
    2
  56463. Prices are coming down, and will continue do to high rates, unemployment and repossession/ foreclosures.
    2
  56464. Walmart is the new Kmart 🤣
    2
  56465.  @MichaelBordenaro  cool. Thx for the vids. looking at Florida to eventually retire but with COVID, not easy to visit so looking at stats, videos of sceneries (sea, boardwalk, downtown areas, restaurnts, etc)
    2
  56466. 🎉
    2
  56467. Delray Beach is a great choice. I lived in Boca Raton and would often bicycle to Delray Beach, one of the many gorgeous beaches in that stretch of the South Florida coast. But property prices are out of control there recently. I hope you find a great home there at a reasonable price.
    2
  56468. There is a video ( current ) video on You Tube showing all the major stores and business have left downtown . He walks it.
    2
  56469.  @MichaelBordenaro  it was the same story in London. Prices keeps going up for the past 20 years. As long as the demand is there, prices will go up. The western world is a world of plenty where we live in the gold era to choose what we want. And everyone wants Florida apparently 😀👍🏻
    2
  56470. Because of the cost of buying or renting a Home. I believe More and More people will be living out of some type of vehicle sooner rather than later.
    2
  56471. Michael I'm a fan of your content but doubting the stock market and then praising crypto is nuts LMAO.
    2
  56472. Nice walking video. Beautiful background with the palm trees & pretty houses. I like the green, blue, and gray colors in the background. I always learn soo much from your videos about not only real estate but life in general. The information you provide is soo eye opening and out of the box. Thank you ❤💕💞
    2
  56473. M B as a landlord I just want to give you an online hug 🤗 Keep frightening ppl away from buying homes. Wait, wait, wait ppl. Home prices are going down. So sign here. "No don't worry about the pricetag on the next lease." Just concentrate on home prices going down"
    2
  56474.  @MichaelBordenaro  I think you're doing great 👍🏼
    2
  56475. I think you should make some better perks for us paying to support you 😉
    2
  56476. McDonalds was a big treat when I was a kid. My parents only took us there about 3 times. The food was actually decent back in the 70s. You would get a milk shake with your burger and fries. The burgers were actually decent size. Wendy's in ok, but it's really expensive these days. I can't handle fast food for the most part.
    2
  56477. Is flood insurance require obviously for area and fema zoning but if it’s not, it is still good to get it anyway since it’s most likely to eventually get your house flooded?
    2
  56478. Absolutely great channel I've learned alot watching you 👍 could you do a episode on the canadian housing market?
    2
  56479. I think it’s gonna be enough to slow things down in Florida Cuz if you can’t get insurance that’s gonna be a big problem and that’s gonna to a lot of people‘s mind to say oh maybe we don’t gonna buy in Florida I don’t know you know if it’s better if you go to the center of Florida Central Florida by the route you know the insurance company stick of all the roofing companies the scam the insurance companies hell shall I don’t blame you sure I jacked read double it if they don’t have no insurance company is left in Florida I think your insurance Michael up at least 3040%
    2
  56480. You covered so many topics in just 24 minutes👏❗️ Great to hear some GOOD NEWS every now and then. You always have the BEST thoughts and information. Thank you Michael and God Bless,Carlos ✝️🙏❤️😊❗️
    2
  56481. 😇Mike B.,please blurr-out your first check from 2010 b/c data is Luke skywalker big daddy F.A.N.G. and I used to be in check cashing business.Also,please get your website linked-up and running to make more royalties,you have a BraveHeart❤ aura😇🤴 common sens to help folks before+for the storm. Peace+Light!
    2
  56482. Good day. Thank you for the view of what's really happening in today's market. Even if the news isn't very good, one can make appropriate plans when they know the truth. Also, I like the walks you take. It's cool...just be careful of the metal plates on the side walks 😉.
    2
  56483. Beautiful thanks for the video. . However for some views who may not knoe, this is not thec30th year " Anniversary Edition." Its just a regular 1997 30th year, Z28 Camaro. The ",Anniversary Edition " came in white only with dual orrange racing stripes over the top bumper to bumper. For those who arent aware,there are many made to look like the Anniversary Edition by painting and rims, etc, etc. If lokking to buy, know what youre buying before getting punked. Btw.
    2
  56484. This looks like a lovely town with lots of things to do.. even if not a skier… looks like there’s a lot going on in terms of opportunities for activities…also… big cash is needed to live here…😞….really like these walking tours since I’m seeing places l will never travel to.. living on the East Coast…🙂🌸
    2
  56485. tell me who squats in an abandoned house with out water & electricity? it makes no sense for anyone to be able to take over property that they did not purchased.
    2
  56486. My vision is that most people don't want to face REALITY 💯
    2
  56487. some really beautiful shots
    2
  56488. I love the government! They’re going to cut gasoline taxes and save me a whopping $5 a fill up. So I’ll only pay $195 instead of $200 on my 28 gallon tank! Now they want to save me $50 on my $6000 mortgage!? I love being governed by such serious people who look out for us little guys!
    2
  56489. My home insurance only $1200 per year For fire and liability only No earthquake or sunami Or flood coverage
    2
  56490. Its time to get lean. Not spending more wait till 2024
    2
  56491. Never, EVER take out an ARM. That's a good way to get screwed by things completely outside your control. Just refinance if rates drop. You're welcome.
    2
  56492. Don’t tell people to rebel against property taxes, but rebel against the HOA system
    2
  56493. I wish you had driven on some of the canopy roads in Tally. Amazing! You could have also toured the Florida State University campus. Also, you can reach the coast in 45 minutes from Tallahassee but you can also go see the Mariana Caverns or Blue Springs or many other day trip destinations close to the city. I went to school at Florida State University and stayed in Tallahassee for a few years before moving to Atlanta.
    2
  56494. Michael, Nice Glasses lol. Happy New Year Brother. Love your Channel. God Bless.
    2
  56495. So heartbreaking. Thank you for updating us. Praying for a miracle. xo
    2
  56496. Unemployment controls the housing market “Crashs” normal ups and downs or somewhat what we see now isn’t overall a real crash (although some areas are dropping rapidly) When nobody has a job and the ones that do are working to break even…. Then it’s going to take a dive. But then Oprah and Tom Hanks will buy your property real cheap so don’t worry!!! 😂🎉
    2
  56497. And my savings in two years from 35k has shrunk to 15k in my savings and it’s all been needs not wants 🤦‍♀️live in miami kendal Publix prices r so high but I can’t eat meat from just anywhere I’m not eating out as much any more but Publix has been hard to cut but apparently I may need to start shopping at aldies for some stuff and maybe get the meat only at Publix
    2
  56498. Forecasts are made all the time and mean Zip!! Fact: Fed is in a tightening cycle not seen in decades with necessary QUANTITATIVE TIGHTENING. Commercial RE is currently in crisis with "firesales". Doubt these "experts" ever lived through a tightening cycle. Unless the Fed "chickens out", asset prices upside is clearly limited.
    2
  56499. HOA "leaders" in florida, suffer from Napoleon complex. They didnt get valedictorian, so now its open season o the neighbors bushes. No pun intended.
    2
  56500. We had wine bottle yesterday and the total cost was 4,45€ for the bottle. Greetings from Spain.
    2
  56501. Wow still can’t believe that I just met you on the boardwalk…. 🙏🏻talk about manifestation 🤯 You are amazing person… great energy… I wish you all success Michael🤗🙌🏻
    2
  56502.  @MichaelBordenaro  thank you so much 😊 Coming back very soon :)
    2
  56503. My condolences to all of the families this is so tragic
    2
  56504. Dang. I pay $63/mo. home owners insurance.
    2
  56505. Your advice is sound, Michael. But consider this: Human life on Earth is NOT about money and material possessions. If you realize that, you can remain focused on what life is really about: doing what makes you happy to do. Do that, and the money will follow. In addition, bc you do not crave money and material possessions, you won't feel deprived, jealous, etc., If you don't have lots of those things.
    2
  56506. Hey Mike u You did a mart😮 move😮 ur pretty wife seems like a keeper pal ❤ur luckier than I was theehee
    2
  56507. What do you think will happen with rental property ? Buying homes to rent?
    2
  56508. Good advice.. if you’re going to live in any city, crazy is out there.. the best scenario is knowing where you are.. good safe neighborhoods, public areas that are not a human zoo at night, etc.. you have to be smart about your surroundings and not making dumb decisions on the fly…🙂🌸
    2
  56509. Anything managed by the government is a mismanaged like Social Security. Too many people receiving benefits that never paid a penny into the system. I personally know a few.
    2
  56510. Thanks Michael for sharing your jam session. You’re pretty good. Very impressive.
    2
  56511. Home prices would be even more insane right now if they didn't raise rate. The car market would be on fire. The rates have 100% tempered demand for everything that takes a loan to purchase. Then you have the butterfly affect of the low rates and cash out refinance. Rates need to stay higher for longer
    2
  56512. Home prices should be at the year 2000 .
    2
  56513. The leafblower followed you to Texas
    2
  56514. ✔️ in ❤
    2
  56515. Hi Michael love your vídeos and you right when you talked about Eletric cars. When you said that in thirteen years there will be a new invention Is true. people are already working on it, Hidrogênio it’s a big possibility because electric will not go far.
    2
  56516. 35 years old? Really?
    2
  56517. !!!
    2
  56518. Great job keep the good work sir
    2
  56519. The perfect housing storm Crash...No Normal ' and the 2.8.-3.2%/FoMo crowd will be hit just as Hard to.when the Massive Layoffs start !
    2
  56520. Great job bud! Finally someone who makes sense explaining
    2
  56521. Yes, I am waiting for the r/e crash.
    2
  56522. Well said
    2
  56523. Congratulations on the award!
    2
  56524. Watch out for macro economic factors as well.
    2
  56525. The Fed holds 2 trillion in mortgages. Why would they "want" the value of the underlying assets to go down?
    2
  56526. That's crazy regarding that lady in Oakland Park
    2
  56527. Lol you are too funny 😁 Where do you normally get your thanksgiving dinner?
    2
  56528. Thanks Michael.
    2
  56529. I came here coz I saw something that doesn’t have any reviews not quite sure if I should I buy. My mom is looking for table decorations this Christmas 🔔
    2
  56530.  @MichaelBordenaro  yeah I stalked the seller but I’m suspucious about it coz it doesn’t have any purchases yet ratings or something
    2
  56531.  @MichaelBordenaro  btw where can I direct contact you and ask questions regarding about this Amazon stuff ? My mom really like that for Christmas tho Thanks in advance I’ll wait for the reply
    2
  56532. I don’t understand how it’s legal, for sellers to pick and choose,what kind of financing people have. That’s almost being financial bias, If that’s a thing. Because what’s the difference if you have all cash, FHA, or a conventional loan. If you’re approved, and it goes through the owners, get the money either way.
    2
  56533. Fantastic I like both your channels, is cool to see you two out on the pavement together.
    2
  56534. Prime Rates will go up to 14-18% before Inflation comes down to earth.
    2
  56535. Always love your updates! Keep it up!
    2
  56536. I'm better off renting my house out than selling it.
    2
  56537.  @leejeffers1240  Thank you!
    2
  56538. The biggest problem of that guy is his GF :)))
    2
  56539. Double Dip Recession
    2
  56540. Make your own environmentally friendly cleaning products recipes are on line. Even wash powder. Very easy you are paying for the advertisements. 😢😢😢😊
    2
  56541. 17:00 Bro until this moment I was starting to wonder if you were a robot or something I was like: "how is he not sweating?" 😂🤣😂🤣
    2
  56542. they don't clean the sea weed ??
    2
  56543. Wow! Very nice neighborhood!
    2
  56544. that's communism
    2
  56545. Itll be ok. There getting the printer ready 🤑🤑🤑🤑🤑🤑🤑🤑🤑 buy crypto
    2
  56546. Play the guitars
    2
  56547. Ok, thank you
    2
  56548. Michael, what's your sense of the backlogged inventory? Are there a lot of new homes that will be completed in the next year, they are just backed up due to the supply chain, and once they hit the market, prices will stop rising and maybe even fall a little, or is that backlog story overhyped? If it matters, I'm looking to move to Phoenix, Dallas, or Jacksonville. Maybe you should even specifically do a video on this topic, I always love hearing your analysis.
    2
  56549. We went self insurance 5yrs and for us it was the best thing we did. I told my wife when we pay this house off the insurance company is going to start raising the premiums, and at that time we paid $2500yr and insurance started raising it $500 a yr before we cut ties. We we're ok going into retirement with over $10k a month tax free/disable vet . Our mortgage payments $600 a month at the rate the insurance company was increasing the insurance was going to exceed the monthly payments,so we brought the bank out and we save over $30k in interest to the bank. Owning a home outright is worth it 😊
    2
  56550. Michael - I saw Barbara. She almost looked like a woman.
    2
  56551. So that house was worth $350,000 in 2017 and then four years later somehow it was worth $650,000 and then a year later somehow is worth $1.3 million.... 🤷🤷🤷 There's no way we don't have a housing correction, and a massive one... Cuz that's ridiculousness
    2
  56552. 💯💯💯👍👍👍
    2
  56553. Micheal.. When in CA, add some video clips of any great restaurant joints you try. A touch of Guy Fieri."Drive-ins and Dives". Have fun and thanks for keeping the videos going!
    2
  56554. Thanks, Michael! The soft landing is copium.
    2
  56555. Excellent show 👍
    2
  56556. Keep showing those outrageous prices on the ask and what people are actually paying.
    2
  56557. have you convinced any of your family members back in Illinois to move there?
    2
  56558. The big issue many of us are facing is we can’t even move to a new rental cuz rents has skyrocketed and they want 3x ur income. My current house asked me to show I make 9,500 a month! I definitely don’t make that much so I had to ask family to help me rent. Now I’m stuck here cuz moving to a new smaller place a year later is the same price!
    2
  56559. Not all real estate markets are dead. I just spoke with a friend who's looking for a house in New Hampshire. She said there was a bidding war. 12 people were bidding and she's finding that all over the state of New Hampshire. She's saying there's a bidding war because of lack of inventory available
    2
  56560. The whole "balloon story" saga is classic war hysteria. The US govt has for a long time been hijacked by the military industrial complex, and they are itching for war with both Russia and China. Expect more of this type of nonsense as their proxy war against Russia in Ukraine fails and as they try to ramp-up tensions with China over Taiwan.
    2
  56561. 2023 I think will have a world wide recession unlike anything we have ever seen in our lifetime. Hide some cash.
    2
  56562. lots of money laundering and chinese purchasing everything in Canada!
    2
  56563. Folks need their credit to buy food and gas now, and nobody with a low interest rate mortgage is going to trade their home any time soon; the new deck or kitchen can wait.
    2
  56564. Hi Michael, Question; Are credit card companies good for America ?
    2
  56565.  @MichaelBordenaro  Thank You 🙏 for your reply! 👍 yes that’s very true as well! I will def wait bc it’s too expensive and the interest rate is quite high as well.
    2
  56566. Heading for San Diego in a.m. for week 7 this summer. Perfect weather and sunny awaits. I'm thinking of getting a Job at a golf course per I'd get free golf if I did. Thank god I saved a few pennies years back from being a realtor. I forsee a mess in the future for anyone connected to real estate. Timmy C Arizona
    2
  56567. Great video but too much noise
    2
  56568.  @MichaelBordenaro  Thanks, there was a listing error on the page just in case it's your eBay page.
    2
  56569. Wow you have eyes.. am i dreaming. And a regular t shirt.
    2
  56570. Love the location and early morning timing for your video shoot. And always appreciate your content!
    2
  56571. Recommending Californians to get into real estate will drive up the cost of home ownership much like the state they're fleeing. I know of several areas where locals cant afford homes due to this; please bring the good of California, not the bad.
    2
  56572. Is daytona really good ? There are tons of places to rent right on the beach . Just seems saturated .
    2
  56573. Job well done mike... I enjoyed it
    2
  56574. appreciate your video, wish i could put a link on my Resume...
    2
  56575. On a completely unrelated note: yes, archaeologists have been finding evidence of human civilization and culture going back well over 6,000-7,000 years. Sometimes even more than 30,000, 40,000, or even 50,000 years ago. Highly, highly recommend the books of Graham Hancock, namely America Before: The Key to Earth's Lost Civilization. The show Ancient Apocalypse on Netflix is a great watch as well.
    2
  56576. LOL.. great video.. I though it was a sarcastic video tag or a coconut had fallen on your head. WOW.. I was thinking 2026 or 2027 .. also when the housing market gives up and it implodes.
    2
  56577. Affordable apts rent.and condos to buy, 200k to 250k east coast
    2
  56578. Great info thx. Also, Rockin’ some good looking grey hair. Welcome to the club.
    2
  56579. By time the 2 and 10 year yield rates invert and the fed pivots if you have a 620 or better credit score you won’t even be able to buy a candy bar. 🤷‍♂️
    2
  56580. $5,000/month. Busy traffic street right next door. Home construction down the street. LOL.
    2
  56581. Nice glasses . What brand are they ?
    2
  56582. 👍
    2
  56583. Open Door is big scam, somehow does not surprise me.🎉🎉🎉
    2
  56584. Any videos with condos on the beach for 499k?
    2
  56585. Nice beach!
    2
  56586. Michael congratulations on being blessed with a terrific wife. God Bless, HAPPY BIRTHDAY TO A GREAT LADY, TMP from N.J.
    2
  56587. Why so many leaves on the ground……sorry I watch for scenery
    2
  56588. I agree as a security concern around military and security infrastructure like water electricity, minerals, gas, agriculture no way.. Buying a home or anything else that isn’t a concern for security ok.
    2
  56589. Truck driving is very very stressful especially when you have these idiots on the road that don't know how to drive you have people from other countries that are driving cars they don't know our laws with no license no insurance that's a lot of stress for someone to take plus the shipping chargers sometimes are more than the Order it self people stop buying Whatever Because of the shipping charges rates will not be coming down only a few points
    2
  56590. My mom’s lane real estate agent cost her an immediate sale trying to get to wait for a bigger offer, and then the house didn’t sell for two years! Even then. She lost $20,000.00. That was back in the late 80’s though.
    2
  56591. There is a lot of mention of the "first time homebuyer" being priced out of the market but there is also the other side of the market - the "last time homebuyer". If someone is working making a decent salary they might buy a pricey home thinking they will pay it off over time, but the folk who are no longer working don't really have the luxury of paying off over time. Maybe they could put their monies into an expensive house and take out a reverse mortgage ??
    2
  56592. Love this guy!!! ❤
    2
  56593. crazy time indeed we are living!
    2
  56594. Janet Yellen, the propaganda machine. BTC is the answer.
    2
  56595. I have never liked high rise buildings..even in high rise hotels I feel very uncomfortable.
    2
  56596. Excellent point on credit card debt! No, no and no! Credit card companies ONLY benefit from an unpaid balance! Raising credit score by keeping a balance! Sick and profiteering by the credit card industry!!
    2
  56597. I know someone who lives in ClearWater. His homeowner's insurance is more than $8K. Auto insurance is around $600 per month for 2 cars. I don't know about property tax but it should be at least $25 grand.
    2
  56598. Investment tip: buy low, sell high 👍
    2
  56599. Any rentals that are reasonably priced in the 2-4k range even exist? If so, I bet they don't sit for a day.
    2
  56600. Unfortunately for a lot of people they believe this economist, which in reality as not that smart nor really understand the market nor the economy. Not sure how do they even get a job as economist as they always are way loss. SA,me with all this real estate agents and brokers with their exaggerations.
    2
  56601. Congratulations,,,,, should have a radio show
    2
  56602. I thought I was going to see a "This Old House" video, and what I saw was a "Hot Topic" video! 🤣 (Great job and info tho!)
    2
  56603. "This place is GIGANTIC!"😂
    2
  56604. Buyers remorse. In other words don't over reach for what you can afford & do your homework BEFORE you start looking. When I bought my home there was a list of things I wanted in the home. Gave that list to the Realtor so we were both on the same page. Interest rates were double digits when I bought so as soon as they started to come down a Refinance made the payments lower & the rest was a pay down in the mortgage amount. People rarely do this.
    2
  56605. Gov Ron took away the last 10 Weeks of The Federal $300 of Unemployment. Where did all that money go? Can these Governors spend this money anyway they want?
    2
  56606. Honestly, scary. I like high rises, but I’d rather not live in one now
    2
  56607. I only watch these videos for the sunglasses and the walk
    2
  56608. Thanks!
    2
  56609. Forbearance will be on their credit as a borrower who chose forbearance.
    2
  56610. None of these videos apply to the under $150k condos in Broward. Those all sell like crazy.
    2
  56611.  @MichaelBordenaro  I like it, you should start a band! Lol
    2
  56612.  @MichaelBordenaro  gotta put out that Michael Bordenaro merch, too! Lol. 😷🤠😎🎒🧢👕🤑😂
    2
  56613. No! Please keep showing us the listing prices and property taxes of these homes, I’m just shocked people can afford them😳
    2
  56614. It's not hard to outthink the government. During the good times save tons of money. Don't go out and party and buy unnecessary things. When times get bad then hunker down and prepare for the fire sales. Buy lots of assets and when times get good again then you party.
    2
  56615. Michael a very nice area you walked in today. The property taxes are also much lower than Miami.
    2
  56616. Do your history research ask people !! History repeats suck it up and ask people who have been through this !!! Research research !!!!! We all seen this coming come on we all seen this 2008 ??? I learned my lesson … happy New Years 🎉🎉🎉
    2
  56617. Wow I've been trying to reach out to you Michael theirs two SCAMMERS USING YOUR NAME....
    2
  56618. Thanks Michael
    2
  56619.  @MichaelBordenaro  LOL. I'm moving to the north/middle of Florida in a month and I am not looking forward to that humidity!
    2
  56620. The new shirt suits you! I’m a senior in my “Golden Years”. Not interested in buying or selling, just enjoy your walks through the 😊 neighborhoods and all the lovely trees and flowers.
    2
  56621. I'm looking to buy a house right now they're asking 600000 offered in 550 cash they seem to take it pretty easily. So now I'm telling them 530 if they take it I think that's a big enough discount for me to buy right now
    2
  56622. The people are too lazy to work because they know the agreement between workers and companies is dead and it's a total scam. They will kick you to the curb no questions asked if it makes the share holders an extra 1% profit. Workers have basically no incentive to work hard. In the past they had representation, they had pensions, they had at least a semblance of stability and the chance of having a future. You maybe felt, GM does good, America does good, I do good can buy a house have a family. Now it's, Company does good, Stock market goes down, Vultures come in, Fire you, No Pension, Can't afford a home, No family, Waiting for American capitalism to collapse in front of your eyes. Power dynamics have shifted too far in one direction.
    2
  56623. That place is only worth $400,000 tops!
    2
  56624. They better fix this housing mess. Otherwise the younger generation will vote for insane policies like housing/land wealth redistribution. This is what happens when you lock out a generation from prosperity. They snap and don't care if they destroy everything in the process.
    2
  56625. Remember there are only a few states where you can live in the winter (scarcity) and not shovel snow and there are a lot of baby boomers with sore backs
    2
  56626. Ego and winning… kills more deals and help that people could get than anything else. Being right means someone is wrong
    2
  56627. ❤
    2
  56628. Sounds like China with the way they are collecting and tracking personal data. The differences between the US and China is blurring more and more everyday.... Please make a video on what you can do to protect yourself from inflation. Thanks!
    2
  56629. The only way the housing market will crash is if there is a recession and people lose there jobs. Everybody buying homes is more then qualified for there purchase of a home it is not easy like the early 2000s
    2
  56630. The folks who own the $35 trillion national debt are the winners!
    2
  56631. Hi Michael, I enjoy your dashcam videos and talks along the way. If not a new YouTube channel, in the same channel if you can post dashcam videos by City, that would be great. Thanks for all the wealth of information you provide to your viewers. Your State-brother, Shailen.
    2
  56632. Yes! Stop the corporate bailouts/welfare.
    2
  56633. Thanks, will do!
    2
  56634. Anything under $220k in my MA town, you will be in the hood listening to gun shots
    2
  56635. Your subs growing boss!
    2
  56636. Student loans should be interest free. This predatory Student Loan System, which has enabled Universities to charge extreme tuition, is CORRUPT! PERIOD. Capitalism eh?
    2
  56637. Finally Mike is walking next to pretty houses 😊
    2
  56638. Congrats Michael on your 100,000 subs plaque— Looking fwd to your 1 M someday! We are at 121,000 subs but haven’t even applied for it yet..😜 .. anyway Keep up the great job Real Estate Bro .. Hi to Lisi& you from all of us in OC CA… P.S. We miss “Leaf Blower Man” today (Lol) 😂 .. // May we Trust the Lord .. such uncertain times 😊❤️🙏✝️
    2
  56639. If your a realtor, don’t you have to drive your car to meet clients?
    2
  56640. Good HOA our out of HAND..
    2
  56641. Congrats Mike!
    2
  56642. It’s very obvious that things definitely aren’t normal. Food prices are crazy, mall parking lots are empty, even my neighborhood is barren of Christmas lights and decorations, really a sad time. As far as groceries go, buy bulk to get better deals and try fasting, once you get used to it you won’t miss one meal.
    2
  56643. I'll buy if I can get a steal, like 30% off or more; only from a serious seller who needs to sell and wants out...It is mind boggling how, I will say it, 'stupid' these large investors are like blackrock. The writing was on the wall back in April but they continued buying up homes.
    2
  56644. You never need security until you do 😉
    2
  56645. Great info thanks
    2
  56646. Fed will be careful before election because it is politically skewed. They will do everything not to allow housing and economy to collapse before election. It is exactly opposite now from what we have seen in 2008 when it was politically beneficial to advertise economic crash that really happened in 2007.
    2
  56647. ive been following your page for a while and im looking into renting an apartment over in West Palm. definitely would rather purchase a home, but ive been told twice that my car payment being so high is negatively affecting the amount i qualify for for a mortgage. hopefully by December of next year when my car lease is up and my negative equity is gone ill qualify for more. 😬
    2
  56648. Inflation reports are meaningless. We all see prices go up, daily.
    2
  56649. Great video per usual
    2
  56650. It's only going down in the few hot markets. The non-hot markets still have their prices high with very little in price drops.
    2
  56651. Michael Bordenaro For sure!😂😅
    2
  56652. I'd feel sad to buy a luxury condo on the very ground where so many lives were lost. I don't know......... I guess the world moves on. Thanks for the footage.
    2
  56653. love and appreciate your wife's company! i wish i had curls like her =)
    2
  56654.  @MichaelBordenaro  Probably so in your market. I am under renting one home for $100 and under renting another for $200. The other two are fair. But in my market the over priced rentals are still unrented.
    2
  56655. The dumbest way to spend it is on a vacation or buying a expensive car I noticed on your walks lots of people bought fancy cars in neighborhoods. That were not that nice but had run up in price and I knew a lot of those people ran out and got a home equity loan to buy a fancy car to act like a big shot..😂😂😂😂 well nobody cares except mabe them.... hahahah
    2
  56656. Very nice looking house; love the big front porch. But old houses need a lot of maintenance. I assume central AC has been added. This house is very similar to my childhood home, a wood-frame 3-story, also built in the very early 1900s, in the suburbs of Boston with half an acre. My parents bought it in 1967 for $15K. My mom sold it in 1996, before she relocated to FL, for $135K. Zillow now values it at $550K and it looks good and is in good condition.
    2
  56657. Your best video thus far.
    2
  56658. Seeing you without sunglasses makes me uncomfortable. Like you look normal but I feel like my whole day is thrown of😂😂😂
    2
  56659. I recommend you watch the video again. My impression is that he's warning people of the risks and true costs of buying what you cannot afford. I think he'd all for buying where and when it makes good financial sense with sound judgment.
    2
  56660. 3 years baby !
    2
  56661. What I have done with some credit cards is just set them up for automatic payments for things like my internet or garbage hauling. Those payments automatically get charged to different credit cards each month or quarter, and I turned on auto pay so payments to those cards come out of my checking account on the credit card due date. Best to turn on notifications from the CC companies as a reminder to yourself of charges and when payments are taken out of your checking account
    2
  56662. Very good advice!
    2
  56663.  @MichaelBordenaro  I actually found it very nostalgic and comforting, as a throwback to my childhood in South Carolina. My dad would make each six of us kids, take an area (square) of the lawn, and mow it.
    2
  56664. Greed and corruption always destroyies the economy and drives many more into poverty
    2
  56665. The worse advice I ever was given was someone told me I was too young to worried about retirement . That said, remember there are many people out in the world that want to scam you out of that investment money . Talking from experience.
    2
  56666. Yep get a survey
    2
  56667. clients tell me I can't WFA, no no no you gotta go onsite! then they lay me off and hire offshore Indian contractor to WFA. American job market is DEAD
    2
  56668. 🍾🍻🍸
    2
  56669. A Sucker is Born Everyday! P.T. Barnum. $1.3M and zero garage....!!?? Timmy C Arizona
    2
  56670. Advertising revenue is a scam. What do they create? Nothing! Meta, Snap...etc. need to go away. The recession is a direct result of these companies over buying during the pandemic. Now they are stuck with inventory they cannot sell and therefore are not buying. That along with supply problems and inflation caused by high real estate and gas prices is the reason for the gloomy outlook. Don't forget, responsible people are buying less because they are saving for a rainy day. Surprise! We have a shrinking economy and the dire warnings of an impending recession. I don't see it, but I am just one person. I was around in 2008. If this is a recession, what the heck was 2008?
    2
  56671. In Fort Wayne Indiana area I’m averaging $2500 rent per $100K in house 🇺🇸
    2
  56672. Subscribed, I’ll be waiting on the economic crisis advantages!
    2
  56673. How can they just ask for their money back? They signed a contract.
    2
  56674. Let's hear some guitar
    2
  56675. Thanks!
    2
  56676. Hahahahaha your joking Right.. I would be shocked If he got $700,000.. It doesn’t have a garage..🤔 The gates to low .. But someone may buy it? People do things that are Sometimes not so smart...
    2
  56677. No the government shouldn’t. Maybe people need to work smarter. If I make enough to purchase another home to rent to people. That’s my job for me to have extra income.
    2
  56678. Film an episode in a Honky-tonk bar.....you might get lucky and a couple of the hillbillies get into a fist fight!! I remember Florida well!! Lol. Timmy C Arizona
    2
  56679. Your rent numbers for Utah are absolutely incorrect. I live here. $2500 would be considered very high rent.
    2
  56680. The thing is, I love everything about coffee...........BUT THE TASTE!
    2
  56681. I know me too, I don't like the taste but I need coffee
    2
  56682. Buyers and sellers get into trouble over their own pride and egos. If ya can’t afford a lambo don’t try to buy one. Stick to fords or wait for a new cheaper Tesla to come out. Lol 😂 good luck and don’t take such big risks. Remember you gotta pay water 💦 electricity ⚡️ sewer garbage , internet , and maybe alimony on top of your mortgage 💸
    2
  56683. Will PPP loan forgiveness increase inflation?
    2
  56684. Pittsburg's cheaper LOL?
    2
  56685. This is terrible and heart breaking! my heart go to the families and who ever got effected by this tragedy. I am shocked that this type of thing could actually happen in usa after the bridge collapsed 3 years ago in Miami. I can only hope that lessons will be learned and new regulations will be put in place.
    2
  56686. Bubble's a bubble". It makes zero difference what causes it. The symptoms and the contagion are always the same. Nothing is going to fix itself. I am happy to be sitting on the sidelines stacking cash.
    2
  56687. That's Exactly what you've been saying.... That Most Jobs are Not the Public Sector.... My area is Full of Hospital's... & They are Cleaning House also.... By Dumping over 250 jobs... & They Keep the Higher Paid Nurses... But then cut their Hour's... By sending them Home Early...
    2
  56688. Hi. I really look forward to your videos. Loan forgiveness, stimi checks and bailouts....the government giveth and the government taketh away. They are robbing peter to pay paul. If you really want to lose that house quickly, don't pay those property taxes on time.
    2
  56689. See what the Union Square area looks like. It used to be the fantastic place to go to shop in San Francisco. So sad what it has become. Beautiful city ruined.
    2
  56690.  @MichaelBordenaro  Yeah, he is only 15 and currently lives in cushy fantasy land! He'll learn! ;-)
    2
  56691. 🤔 THINK,,, if prices are to come down, that means you have to take a pay cut, the contractor takes a pay cut, the land seller takes a pay cut,,, all at a time when inflation and high interest rates are eating up the value of a dollar. It's not going to happen because everyone still has bills to pay.,,, The entire process will collapse as there are simply to many real estate agents, home builders ect, chasing to little money. Big shake up in the housing sector coming
    2
  56692. 1st
    2
  56693. Ouch...brown outs in the freezer session?! Perspective appreciated...
    2
  56694. Good video. I too live in a high-rise. There are many factors out of our control in a situation like this. E.g., what if my neighbor falls asleep with a cigarette? What if there is a water leak above me? My gut says foul play with Champlain Towers…I hope I am wrong. Think of how many towers along all of the Florida beaches… countless. First time I’ve heard of this. They are ALL exposed to corrosion, sandy soil, etc. and MANY are much older.
    2
  56695. This is great info. I am pulling the numbers out to use elsewhere. The beach walk is pleasant, but some graphics and charts would be helpful. Yes, I know I can get it elsewhere, but I think inserting graphics, charts, and tables in post editing would get your message across better. In any case, thanks for this. It's an election year, so the Fed, Foggy Joe, and Gov agencies are painting a rosy picture. But we see the news clips about overpriced cars not sellinh, banks in trouble, low office building occupancy rates, and high tech layoffs. Keep preaching, Bro.
    2
  56696. Great collaboration! Having said that. My son is just about 1 years old, and I already feel bad for him. Don't know if he'll ever be able to buy a house. I barely got into one and that's only because of the VA home loan. Tough times.
    2
  56697. This was a very Strong video. 100%
    2
  56698. happy new year, onward and upward....
    2
  56699. Everything that inflated this market will crash it. When people get called back to the office from remote work that will flood the markets. But the issue there is they will get 100s of thousands les then what they paid and might not be able to sell in time to make it back by the company deadline. They also may not be able to afford to move back in the market they need to move back into is still crazy high prices with higher interest rates then what they sold with at the beginning. The when the FED keeps raising rates that will only keep the pressure on and then when they actually get serious with QT that’s when they SHTF will really happen.
    2
  56700. It's a scam... The banks are trying to get people locked into a mortgage, so they can fail and go bankrupt someday.
    2
  56701. No need to cut spending. Just keep rates above zero for more than fifteen minutes and see if that works.
    2
  56702. I just saw a banner Welcome Blue Jays! Haha that’s nice of them!! I guess they do training there.
    2
  56703. 💯💯💯👍
    2
  56704. I guess this is yesterdays video ? cause you were filming in front of my house . Prairie , I dont see in this video but you were filming prairie ave. west bound
    2
  56705. That's why I got enough of renting, they raised my rent 450 usd for a S++++ Studio with no view nor anything, just decent location, so I'm planning on buying in the upcoming months since prices are decreasing a lot, so it will be way worthy than keep giving my money for nothing to these thieves. , By the way, is that north hollywood? It really reminds me that place. Thanks for the video
    2
  56706. Excellent 👌
    2
  56707. Congratulations on your 100,000 subscribers.😊
    2
  56708. Don't ever believe any numbers coming from our sick government - they are just trying to make the numbers look good, but tax paying American citizens know better just by going to the grocery store or gas station.
    2
  56709. I live in a high risk fire zone in Colorado, State Farm wanted over 10,000 a year to insure a 2 bedroom 1600 square foot house!!!! Insane. I did find another company to insure me, but yes soon it will be out of reach to get basic Home Owners .
    2
  56710. PS. That sand you are walking in looks so white it almost looked like snow as you were walking.
    2
  56711. Great content
    2
  56712. Great one
    2
  56713. Thank you for all this information!
    2
  56714. We're approaching the great stalemate. People sitting with 3 and 4% loans are not going anywhere unless they get paid and buyers can't afford 6 and 7%
    2
  56715. I just heard today that Caroline is seeing 45% increase in foreclosure s
    2
  56716. 12:42 it's great to explore like this! Definitely love the sights.
    2
  56717. Oh, is that the boat we are going on. Nice!
    2
  56718. Thank you for sharing those!
    2
  56719. Hawaii, has the best weather I been living in Cali for 35 plus years and the weather in Cali can't compete with Hawaii weather. Two things cali can't compete with Hawaii in is beaches and weather. I've been to Florida once and Florida definitely has better beaches than cali weather wise I was in Florida in March and Forida did have better weather another thing that Florida has better than cali no state income tax, low sales taxes, affordable housing and business friendly. So yeah I love Florida.
    2
  56720. You're Welcome... Enjoy your Prime Rib, you have earned it brother...
    2
  56721. Grifters gonna grift. We need more bagholders. You wanna help in the pre bailout of real estate? What is up with the weather? Rained all week the other week. Now its been windy all this week.
    2
  56722. Very informative. Thank you.
    2
  56723. Patience is a virtue
    2
  56724. Amazing beach
    2
  56725. I predict that people will be fighting over a tent instead of trying out bit each other on a house.
    2
  56726. Love your videos. What I’d like to know is if in Florida are m@sks optional in grocery stores and gyms? Does that rule vary from area to area?
    2
  56727.  @MichaelBordenaro  good to know. I wanted to take a $33 shuttle from the Orlando airport but they require masks. I will already have been masked for 8 hours with my flight and airports. The next options are a $400 car rental or a $380 (for 2 ways) uber. I thought fla was the no mandate state but I guess it’s not as open as I’d hoped.
    2
  56728.  @MichaelBordenaro  That’s sad, I thought when Desantis said no arrests for not wearing a m@sk that businesses had to honor that. I don’t really care if businesses are open if they won’t let me in without a bacteria collecting suffocation device.
    2
  56729. “They lie” to the masses. It’s up to you to do your own research and use your brain. Don’t believe everything you read. Morgan Stanley 🙄
    2
  56730. .. the cyber truck . OMG . It's all too much . I like what you stand for . T .
    2
  56731. love this stuff, thanks Michael! I live in Seattle and retiring soon so would like to spend some of my winters in South Beach, so much appreciate if you have any suggestions for short term rentals. probably be spending the other winters in the other places I love - Hawaii and Mexico. Seattle is to beautiful to not be there the rest of the year.
    2
  56732. Michael rates were never supose to be below 6% that's on the low end of normal ,the administration's didn't want a housing crash on their watch forcing the fed to keep mortgage rates low
    2
  56733. Omg!!!! That video was awesome!!!! Makes me wanna move right now!!! Much better than February in Michigan 😖
    2
  56734.  @MichaelBordenaro  Michael your videos are very important . keep them coming.
    2
  56735. More Bribemvilles on the way…..watch documentaries on the Great Depression of the 30’s….
    2
  56736. 04:01 looks good to me, very lovely view. Id take florida any day then winter boston where i'm at. planning to come down soon, hold the rain for me, looks beautiful.
    2
  56737. As always, the voice of reason.
    2
  56738. Great information, as always!!! Beautiful day on the beach!!
    2
  56739. Sounds good, Thanks Michael! :)
    2
  56740. Water cooler talk! Nobody likes that crap except the gossiping ladies
    2
  56741. Prices already too high. Any inflation will tighten the noose. If housing goes, everything goes and the reset button gets pushed with massive demand destruction for everything. Price reductions will prevail and then the fear of, and reality will be deflation. The cure for high prices is high prices. If real estate can go down in price, other things can as well.
    2
  56742. 5
    2
  56743. Great discussion/report Mike!
    2
  56744. 👋🏿❤
    2
  56745. It’s crazy how the stock market still continues to do well with a looming recession. When stocks do well the bond market (10 yr treasury) goes down bringing rates with it. We need to market to tank so bonds will sky rocket.
    2
  56746.  @MichaelBordenaro  i like it! Great job!!! 👏🏾👏🏾👏🏾
    2
  56747. Steering is illegal.
    2
  56748. Baby Boomers just don't seem to want to let go. They vegetate in government, and own most of the real estate. Yet they got what they have by being alive when things were affordable and now the Fed's constant inflation has broken everything. What puzzles me is who is buying their old, overpriced homes?
    2
  56749. Hey Michael! Been following for the last couple weeks and I'm getting more nervous. Wife and I started building a home in October of last year. Total cost of the build is 550k in Utah County, Utah. The prices are coming down and I'm considering backing out, but not sure. We're 2 months out from completion. Any thoughts?
    2
  56750.  @MichaelBordenaro  thanks for the reply! I don't think we're going anywhere anytime soon, so I'll definitely think more on it.
    2
  56751. I'm so glad to see the demotization of real estate as a store of value. Prices can finally fall to their utility value and be affordable for people.
    2
  56752. Awesome job 💯💯💯💯👏👏👏hi to the wife 🥰🥰🥰🙏🏾
    2
  56753. Thanks Michael 👍
    2
  56754. No offense but seems just the opposite is happening in 70% of FL, and will continue, and thats escalting prices not decreses. And lowering interest rates to 6% would make it worse. Far to many people with sub 4% rates arenr going to move/sell.
    2
  56755. Hi James
    2
  56756. My advice for being bored on the drive up A1a is to stop at many bars along the way and you will be in st Augustine as fast as bar time 👍
    2
  56757. The house I live, we're having a new floor done, taking out the carpet and putting in wooden and ceramic tiles. Near the center of the house, there are cracks in the foundation floor and once I saw that, sinkholes suddenly came into thought. I then began to check all doors to see if there are any miss aliments, appear to be very little or none and all open and close with no sticking. Checked rest of the floor and into the garage, no more additional cracks. Checked walls and no cracks found. Windows appear to be normal and are not sticking. Is this still something to keep alert about? I would think yes shoud more additional cracking occur and doors and windows are sticking.
    2
  56758.  @MichaelBordenaro  I think it's kind of a 'false' alarm, at least right now. That is it is no cause of an alarm at this time though I'll sure keep an eye on it. I asked co-workers who lived here most or all their lives and said it is normal that floors crack because the soil is quite sandy and shifts therefore causes frequent cracks, though not real big and wide ones. The cracks currently are no bigger than 1/5 of an inch wide.
    2
  56759. Why 99 cents store have to go ? They should stay for the cause of the economy right now !
    2
  56760. There are still liar loans out there that don’t require any income. But they are all targeted to the investor class. I guess they thought investors would be somewhat savvy. I guess they didn’t see the legions of “TikTok investors” coming. Now you have all these things investors that plucked down 20% with no income back checks and using STR rents for the liar loans. They then HELOC and use that money to leverage on the next one, rinse and repeat. The whole point of the 20% down is to protect from a large downturn. Well now if you have 10 of those a 2% downturn can be hugely problematic. That’s my high back of napkin math based on some real estate investor I saw explaining what they were doing. The whole thing was built using 2008 as a one off outlier.
    2
  56761. Thank you for the great videos! Looking to move to the Sarasota area in 2021!!
    2
  56762. Zillow Zestimate is broken, it's automated and values never drop
    2
  56763.  @MichaelBordenaro  I see homes overpriced below zestimates, it's almost as if Zillow has a incrementer adding value each week
    2
  56764. Never electric cars. Don't have 2 hrs when traveling to charge each time. And if 3 cars were ahead of me wouldn't that be great. And if you lived in Florida and had to get out for hurricane wouldn't be pretty.
    2
  56765. Beautiful!!!! Lisi has incredible hair!!!!!!!!
    2
  56766. GREETINGS MICHAEL 🌴🌄🌴
    2
  56767. You should be glad that prices are going down.
    2
  56768. Recession equals a lot of people losing their jobs
    2
  56769. Its great owning my home outright. Taxes and insurance are low here. The energy costs aren’t terrible. The most recent grocery trip was major sticker shock. I am with you about living below my means. While I am experiencing some of those inflationary issues, it is manageable. Famous last words? Could be. With luck, guys like you and me are at most mildly pinched and will prosper when things go down
    2
  56770. are they pulling out of Naples? 🌴
    2
  56771. It’s called a rescue package. It’s really money laundering. This is all by design to transition the U.S. into a one party communist government. Watch what happens to President Trump. We have Barrack Hussein Obama to thank. Sadly most of these handouts are going to the democratic base, (the majority of it), which are the very individuals enslaved to the Govt.
    2
  56772. I grew up in the Florida Keys. If you've got the guts you can live in the Keys for virtually nothing. I knew families that lived on boats. They would dock near (but not in) a harbor. They would steal water from people's hoses. I spent a lot of time out there. At one point it was so popular that the Jehovah's witnesses went boat to boat. No lie...
    2
  56773. 💥💸🏡 Admit it!
    2
  56774. Unless your a professional most people in apartments can't save any money....after the high rent you have car note, gas, food, utilites, insurance, and on and on
    2
  56775. Right on, Michael !
    2
  56776. Hey guys
    2
  56777.  @MichaelBordenaro  you’re welcome! Enjoy!
    2
  56778. The jobs data is fake. Your better then this.
    2
  56779. Ponce Inlet is a nice place just south of Daytona Beach
    2
  56780. Northeast Indiana has not crashed yet.... however no more refi's (I'm an appraiser in Northeast Indiana)
    2
  56781.  @MichaelBordenaro  Thanks
    2
  56782. That's a nice looking "affordable" neighborhood.
    2
  56783. Yeah I was born here too. I am an Illinois boy.
    2
  56784. P.S. I enjoy your channel.
    2
  56785. solid logic.....and people/governments can't run from logic forever
    2
  56786.  @MichaelBordenaro  wow I wasn't expecting that! Thanks for the info, I think this could be a good subject for you to make a detailed video. I was not aware that 1) it is called panhandle 2) it gets more hurricanes! Thanks again. P.S: When I said bugs, I meant only "No-See-Ums" ones. Pretty sure the other ones don't hurt, right? P.S 2: By saying "hurricanes", I meant the only ones that rip your house roof off.
    2
  56787. 100K will come very soon !!
    2
  56788.  @debbiec6216 Yes!!! 🎉
    2
  56789. Just like Hawaii 😁😁😁😁 ALL 30K will get rehired IF they want at non-union wages.They need to Ship China DUNG..ALOHA
    2
  56790. People should read books about history than reading and whatching stupid news about actors,singers and so on.... History is like a turning wheel...it repeats itself . One century or two ago,europeans used to emigrated to the Americas,than South Americans started to emigrate to Europe and very soon history will repeats itself with the europeans
    2
  56791. So green there, nice, thanks for taking us along
    2
  56792. Merry Christmas Michael Wishing you all the peace, love, and joy that this time of the season brings. Happy Holidays and Happy New Year too! Thank you for presenting an essential topic with helpful information for property owners. 👍👍
    2
  56793. Why do they sell their house to someone with a "we buy houses" sign nailed to a telephone pole? Pawn shop too busy? Those people vote too.
    2
  56794.  @MichaelBordenaro  I now live in coastal South Carolina and have contracted to build a cottage home in a 55+ community. I moved here 14 years ago from FL, and absolutely love it here (don’t tell anyone)!! Wishing you the best as you move forward with your life.
    2
  56795. Great video and info
    2
  56796.  @MichaelBordenaro  thanks I appreciate I saw your video positivity I agree ☝️ I have to make the jump and take risk and starting fresh putting somethings in the past meet new ppl adventur opportunity with a lil positive and prayers 🙏🙏
    2
  56797. Dry heat in the eighties is great. Otherwise definitely not!
    2
  56798.  @MichaelBordenaro  I like it in winter!
    2
  56799.  @MichaelBordenaro  These people in the comments,lol, bla bla "I can handle the heat". Maybe they can if they sit in the a/c all day. I've been a carpentry framer in Florida for 40yrs. Working outside in St Pete isn't any joke. People die.
    2
  56800. I use to live in flroida and at forts summer sacks but once you get use to it it's not bad amd I go outside a lot too to exercise and living in Indianapolis it gets hot here and Florida during the summer so I have a warm to hot summer either way unless I go WAY up north
    2
  56801. What's weird about FL is depending on where you live you get brutal hot summers and chilly winters. Like my parents live in Ocala. And I've been there July where midday easily hits 101 with a heat index of 110. But then I've been there in January and woke up to Temps in the upper 20s. So it really depends what part of the state your in how the season change up. Because south Florida definitely doesn't get that cold. But central and especially Northern parts of the state can and usually do.
    2
  56802. Where is this place ???
    2
  56803. Sounds like a broad based study. There are a lot of RE pumpers, FOMO artists, and echo chamber hosts who would be all too happy to control narratives they have for decades. The good thing about social media is you start to see other people who are thinking the same thing and the disgusting filth of media pumping real estate can rinse off.
    2
  56804. We wont see rates under 5 percent for years to come
    2
  56805. Long term, Florida has a lot of head winds. Boomers rapidly dieing off, cost of Flood and homeowners insurance exploding, Bigger more powerful hurricanes, overcrowding and pollution, higher taxes. Just to name a few.
    2
  56806. Latin Americans have been coming to Miami since the 1960's. They love the corruption, hot climate and the fact that English is not the language. Just wait until a big hurricane hits and they lose billions.
    2
  56807. AI at it's best. Folks it's not going to replace our jobs. These companies need consumers and if they lay everyone off in favor of AI then they won't have customers it's as simple as that and the lawsuits that AI is going to cause will end up being more expensive than what it's worth and paying a human to do the job will end up being less. If I was the person in that cab, I would be saying, "my neck hurts"
    2
  56808. Ty🌊
    2
  56809. 6:04 How will this effect the cost for these manufactured 🏡 homes? Will it cause them to inflate in price due to the ability for borrowers to obtain federally back loans for them (i.e. when the federal government started federally backing student loans in 1965, the cost for education Skyrocketed as a direct result). It's my understanding that the reason why manufactured homes are so affordable is because of the inability to get loans for them.
    2
  56810. You sound like me. I just laugh.
    2
  56811. Here in the Midwest , it's been raining today, tonight and moving to the East Coast >>>>>
    2
  56812. You missed one option on the equity line !!! Take the money out hold on to it just incase !! you have cash on hand .. and if you dont need the money put it back !!
    2
  56813. 'Aint got no T-home, [nor no credit card, tapped till I'm zapped].' A lot of this could be desperation as much as stupidity.
    2
  56814. Thank You
    2
  56815. Curious on YOUR thoughts on specific Miami alternative communities, which are more affordable. Maybe a video on this?
    2
  56816. You really ought to go after these scammers that post in the comments. These people are the scum of the earth.
    2
  56817. I just wanna move to miami but i'm scared about starting acting career and doing businesses so what should i do ?
    2
  56818.  @MichaelBordenaro  nice but i mean i will produce and directing my own films in miami is that will going to any way ?
    2
  56819. wife and no glasses Wooow!!
    2
  56820. DR Horton officially stopped doing the lottery for Ho'opilii homes and condos.😮 Also prices have not been raised for o er a year now.😮....I suspect they will be forced to lower the prices next😊.... This was a successful development till now.👀...going ro keep an 👁 on this coming potential opportunity....
    2
  56821. F Zillow!
    2
  56822. The signing bonuses have a prayer. The forgivable loan recipients are COMPLETELY hosed. Good thing they saved that money on checking with a lawyer 😅
    2
  56823.  @MichaelBordenaro  😃
    2
  56824.  @MichaelBordenaro  Let me know if you know someone that wants to buy a home in North Metro Atlanta. Are you still selling real estate in Miami area? I'll try to send anyone I know where looking in your area your way! One of my friends just moved to St Augustine, and another move to Tampa area last year I believe. Sorry I've been busy with work to watch all your videos ❤️.
    2
  56825. Uh oh. A Canadian man without hockey is a dangerous thing especially if he has to give up the 🍺 also. 😉😯
    2
  56826. I’m a renter. I guess I’m lucky my rent only went up $70 when I signed my 13 month lease back at the end of February. I really want to move into a two bedroom. The places I’d like to move to have no availability. It’s like everyone is staying put either because THEY can’t find a place with vacancies or they’re dreading the expenses of moving. Sometimes apartments ARE available , but the month they’re available is too soon before my lease is up or a few months after I have already had to decide to renew my lease.
    2
  56827. All of this was forecast years ago. The WEF/Blackrock/Vanguard people basically said it out loud. It will get far worse before it gets better and it will only get better with the right people in charge of key government positions such as President, House, and Senate. Then the hard work of dismantling all the bloated US government agencies begins and it must begin. The sooner the better. Did you know there are over 500 government agencies that are basically unaccountable? Yeah, that's a big problem.
    2
  56828. crazy that in Vancouver the average home is 2.6 million😶
    2
  56829. Where I live property tax actually go up! We asked why home price come down and property go up and the city simply said THEY NEED MONEY wtf
    2
  56830. I’ve always wondered what % you need to put down on a property to make a comparison between renting. What % did you put down on your place Michael ? I have friends who bought houses and tell me “wow it’s so much cheaper to own than to rent” and I tell them “ yeah dumbass because your parents put down about 50% and set it up that way for you.”
    2
  56831. Prices need to come way down, and with the boomers retiring capital will become more scarce, leading interest rates higher.
    2
  56832. I make $7800 a month and I find hard to make a mortgage of $2650 every month, I was thinking to buy a Condo instead but I don't know if that would be a good idea.
    2
  56833.  @MichaelBordenaro  is a Condo a good idea?
    2
  56834. In 1935. . . FDR made "65" the age to "collect" SS. Why? Because Americans lived to be 60. (Today its almost 80) And 70 MILLION BABY BOOMERS. . could be THE FIRST GENERATION to take FDR up on his GENEROUS offer "en masse". (Not a lot of babies were being born during the Great Depression/1935).
    2
  56835. Michael I’m gonna cook predict to curve inflation it’s going to be at 13% will be the magic mark to control inflation 13% will be will be at the control inflation Michael but good Contin I drive truck so I I like listening to you very good to contact
    2
  56836. I make 100k and my deposit to my bank account is 2600 after all of the bs fees so she has to make it close to 100k
    2
  56837. Every condo I see that is affordable ends up having a $1000 month HOA fee that you know is just going to balloon at some point due to the boomers having not done any any maintenance for 30 years because they figured they'd be dead or the condo would have been sold by then and ended up kicking the can down the road. It's kind of an allegory for the country itself lol.
    2
  56838. Thank you!!
    2
  56839. Prices increased again in Miami! What’s going on
    2
  56840. They put a ton of extra money into the economy. For things to correct, that money has to be taken back out of the economy. There are a number of ways for that to happen, none of them are fun.
    2
  56841. love the sunglasses, am def going to be picking some up. love your recent vids man. any thoughts on Nashville? things have been bonkers here for years.
    2
  56842. I bought a home a few years ago, but now I would not, even I told friends that if they didn’t get in 2021 when I got mine.
    2
  56843.  @MichaelBordenaro  yeah I've been watching since we decided to take a year off (I'm one of those buyers who decided to rent for a year) and it's been still pretty crazy. But it does look like houses are starting to at least sit on the market for a little longer so maybe it's not as much of a feeding frenzy as it was earlier this year. I just want there to be less competition honestly, I got beat out despite putting in large appraisal gap clauses..but hopefully next spring things are a little more calm. Also - can't imagine how some people might be paying these taxes nowdays considering they've probably been in their houses a long time and now all of the sudden their costs go way up. I see in my neighborhood some folks who probably bought the house 10-15+ years ago back when this area wasn't as good and I can see how they might be pressured to sell come next year.
    2
  56844. What makes you think that this is the TOP?
    2
  56845. Beautiful couple 🤩 thx for sharing
    2
  56846. Does anyone else out there feel like this is one of those "forced upgrades" like Microsoft does every few years? Upgrade your housing or live on the street!
    2
  56847. Great Video......Again...only the factors that cause owners to "Sell Now, to get Money" matter.
    2
  56848. @15:00, The storm does not have to be here, lol, for the market to tank! The view right there is beautiful and peaceful but you could die there in seconds. You try to swim across and midway you find out you can not make it across, now you face the same distance to come back as the same distance as to finish, you drown there regardless. Or an animal is there that you did not see and it can easily kill you! Even a boat that does not locate you swimming hits you and kills you. So people should appreciate people trying to warn them, no matter how brutally honest they are. I mean, would you not try to swim there, it's beautiful. I would swim there if I had the chance, but I would keep these ugly facts in mind so that I can repeat it many many times again!
    2
  56849. *I am looking forward to your videos about other areas to live in Florida. It will be interesting to see and hear your thoughts!* Great Job with your video productions and narration!😀😎
    2
  56850. Awesome videos. Wish you the best of luck, and hope I can get you to be my agent in a few years when it is time to relocate.
    2
  56851. Google, Amazon, and Snap announced another round of layoffs. I don’t see light at the end of tunnel in 2024. Wars are still going, petroleum prices are up. Gov prints more $$$ for Ukraine and Israel. Inflation is still creeping up in slow pace, but up!
    2
  56852.  @MichaelBordenaro  I have been watching and what you said does align. Dope content and thanks for all that you do!
    2
  56853. The shoreline location Michael walked along in this video is one of my favorites he visits in Miami! Reminds me of GTA Vice City!
    2
  56854. Can voters vote to get rid of all these nonsense taxes?
    2
  56855. Man things must be really bad in Alabama if they are giving 150 back. I mean that’s laughably low for most. I’d hate to imagine the situation where that’s meaningful. Sad.
    2
  56856. My Electric alone went up a Grand! This is totally Ridiculous.
    2
  56857. I hope it falls so I can buy a retirement home next year cash buyer.
    2
  56858. Utahan here! All the houses being built or plans to be built are for all the Mormons and their 5 kids per couple, and their children’s children and so on until every return missionary has a house for his wife and unborn children 🤷🏼‍♀️
    2
  56859. I’m saving up for 20% and working on fixing my credit
    2
  56860. Lol!! Robust job market !😂 Who thinks that do they live under the rock! 😼
    2
  56861. Man I move these examples ..of listing prices that don't make sense... Rental or flips
    2
  56862. Michael Bordenaro Florida needs some sort of seaweed to fuel conversion facilities. Then we can work on harvesting sharks to feed the hungry across the country, they too are out of control.
    2
  56863. After 30 years of marriage I got divorced in 2018 and my ex-wife kept our paid off home . I live in the Dallas metro area but didn't want to buy here because I didn't intend to stay here. Since Covid hit I've been making more money than I've ever made before. I've been renting for the last four years, saving all the money I could to buy a house in a different state. I've managed to save enough money to pay cash on a house, and I have been planning on quitting my job and buying a house on the gulf coast since Feb of 2022. Should I wait another 6 months or just do it now? How much will waiting another 6 months save me on a 400k house? I know you can't predict exact amounts, but what would be your estimate for the Alabama Gulf Coast or the east side of Mobile Bay (Fairhope, Daphne areas)
    2
  56864.  @MichaelBordenaro  I greatly appreciate your advice. As I listen to your videos, I haven't seen the same things happening down there.
    2
  56865. My house dropped in value I'm not worried about it because I'm not selling
    2
  56866. This is great bc you’re literally doing a “man on the street” reporting. You should come to LA, you’re mind would explode. No one can afford houses or condos here. It’s so depressing
    2
  56867. I am frustrated now making with my wife 100k together and i cant afford to pay 3k for rent. That means 30 years no life
    2
  56868. that is our problem and question is why Gov does not take action!! or some one controls it...we are trying to buy now and the house's that we put offer they pay so much more asking prices ..the house is not even worth of that.. we work so hard why must I pay so much more beacuse it is unccecery .the future of houseing market will be very sad..and our new generations will never owe a by property unless we all become millioners ..if nothing happen..
    2
  56869.  @MichaelBordenaro  I am asking are you a real estate broker or not. You mentioned in the video you link people up with agents.
    2
  56870.  @MichaelBordenaro  Oops, got the dates wrong. We made that offer in 2020! Our timing was really perfect ... managed to snag a really, really low interest rate too on the mortgage. It was funny to see the house across the street hit the market. It went on sale on Thursday. Friday saw so many potential buyers ... probably at least a couple dozen. Saturday was an open house and the street was filled with cars all day long. By Monday our neighbors had accepted an offer.
    2
  56871.  @MichaelBordenaro  when I was living there a year ago many people told me that it was about 20% Airbnb maybe a little higher, one guy told me he was making $1000 a night of his Airbnb house, he was booked solid a year in half ago. I knew it was going to be huge bubble.
    2
  56872. what are they going to pay the managers?
    2
  56873. I need your referral code
    2
  56874. Wow,...love all his positive energy!!
    2
  56875. Awesome Chanel. Suggestion; go around middle income neighborhoods($250k-$500k). 99.9% of people commenting and watching you channel will never own 1million home let alone 15million
    2
  56876. every1 hates CA now....I just been lucky that I have not in trouble before but there was closed call. 1 tenants went to rent board to file complain just tried to get some $$$ back but rent board favored on my side. I have been doing Airbnb instead for the past few years ... they only stay a few days, they won't or have no time to file any complain. I dont plan on getting another home in CA. CA sucks so bad
    2
  56877. Let's say I want to list a home next year after all this settles out. Given the likely reality of many unrepresented buyers, should sellers prioritize open houses and having an agreement with the listing agent on including representation of any naked buyers?
    2
  56878.  @MichaelBordenaro  last question honestly for someone 24 how is Tampa some videos seem like its boring and some like its exciting .
    2
  56879. Wow, tables have turned.
    2
  56880. I've been in Miami for 20 years, I want to try LA. The job pay is Miami is terrible, I don't have a masters degree. I am bored here and feel purposeless.
    2
  56881.  @MichaelBordenaro  thanks for responding
    2
  56882. Fact: what you said about the food. Food in Miami is not the best and you do get ripped off, you don’t get what you payed for. Opinion: what you said about the Spanish. Miami is the “melting” pot of Latin America and the Caribbean good or bad these adults have migrated to Miami and the majority of these immigrating adults speak Spanish. Truth is more people speak Spanish in the US than in Spain. Miami is a place with an extremely heavy influence from multiple latine counties and Cali does not have that same demographic influence. I understand how you feel but understand that it’s what makes Miami, well Miami.
    2
  56883. Michael Bordenaro I respectfully will agree to disagree and still enjoy your channel. Stay safe 🙂✌🏻.
    2
  56884. Breaking News tan handsome middle age gentleman "poor" seeking lady independent "wealthy" living in Florida.🌂🌂🌂
    2
  56885. This is another problem that wealth inequality creates nationally. The rich buy up all the good land and price out the middle class.
    2
  56886. Hello you have to visit good neighborhood like little Haiti and liberty city 😁😁 don't forget SWAT team... some parts of Miami Nw are getting better and the house are around 350k and 550k ,good informative video and don't forget visit Hialeah they drive very well over there
    2
  56887. Had a rental property in FTL for 20 years and never knew that about renters food insurance. Great video
    2
  56888. There is one more factor I think we need to take into account with regards to the West-to-East move: The climate. With drought, fires and floods hitting the headlines of California news - on top of everything else, of course - it would be unsurprising if some decided they'd better move sooner rather than later.
    2
  56889. New ridiculous "green" fees popping up. I went to order a tube of face cream at Topical. There was a mandatory "Sustainability & Coverage Green Shipping Protection" fee of $1.49 on my minimum order; higher fee with a larger purchase. No thanks! I was able to find the same product elsewhere with no such fee; however, I'm sure that fee will be applied to everything in the not so distant future.
    2
  56890. Hi Michael , Great Video.What do you think of Port ST Lucie,FL. place to live?
    2
  56891. Another common sense video full of words of wisdom. Thanks so much for making all the videos putting out such informative information. I agree 100% that real estate could drop to 2012 prices. As a matter of fact because of all the factors globally along with all the job loss going up daily we could easily see the market go even lower. Pension and retirement funds will be affected as well as job loss. We see it daily in the Silicon Valley. Many realtors trying to hang on are in complete denial. When we hit bottom and the snake clears there will be foreclosures all over the place at fire sale prices. Time to sell everything you don’t need. Pay off all debt as much as possible. Save cash. Keep credit score as high as possible. Those that do will get the rewards. Wait for the bottom! When you see blocks of empty homes in the next 18 - 24 months you will know when it’s time to buy.
    2
  56892. Everything is a lie. We live in a Truman show type reality.
    2
  56893. A great anecdote for what you're saying is looking at a majority of the vehicles sitting in front of the homes in the neighborhoods you're walking through...people been using their homes as 🐷 🏧 unfortunately 🫣😖
    2
  56894. Normal is better in July and August but Socal is better in winter especially December and January
    2
  56895. I saw air fare go from 1500 for 2 from Oahu to Orlando climb to 2100 so I paid for the air fare because I felt the price was going to skyrocket....We have to travel because it is a business conference....but we are going for an extra 2 days earlier so we can look around, price living expenses and look at area's of homes and investment properties for a thumb nail.....I'm listing our business for sale since my son's don't really want it...they want to get into real estate like their dad....LOL.
    2
  56896. Michael, Great deep dive on the local condo R/E market...Have you considered doing another Live Stream ?......Thank you...
    2
  56897. Does the new requirement for reserves apply to ALL Florida condos or just those that are 3 stories or higher income order to fund their engineering and repair reserves?
    2
  56898. I think some over-speculated areas like Phoenix, Austin, Tampa, Boise, Nashville where you have homes over-leveraged by "cash" investors aka speculators can drop 60-80% before it's safe to buy!
    2
  56899. Insurance is a scam they never pay out
    2
  56900. Wait -- the July Fed Meeting is not until the 26-27th...
    2
  56901.  @MichaelBordenaro  We forgive you! Keep up the great videos!
    2
  56902. I moved from south fl about 9 months ago. I do want to move back soon. I want to own a condo. I never wanted to own a house there though
    2
  56903.  @MichaelBordenaro  so is the hurricane insurance additionally to the home insurance listed on there? thanks!
    2
  56904. First comment 😎
    2
  56905. Great video Michael. We were in Key West a few days ago. Took the one hour trolley tour. Very interesting history and charming homes 🇨🇦❤️
    2
  56906. Thanks for all of the great suggestions, Michael! Most I’ve been to, but a few left to check out. Great job!
    2
  56907.  @MichaelBordenaro  yep, there are always tough days when traveling. But once you get back home you’re always thankful for the experience. Have a fun time. be safe.
    2
  56908. First.
    2
  56909. Yes I believe I wanted single-family home. Because in your own home you can control things for yourself much better. And with good neighbors things can be great. Positive changes to be more self-sufficient. I heard on the news if people who are close by to where this incident happened do not feel secure that there is help available. Praying for all those Frontline workers putting their lives at risk to help possibly find survivors🙏
    2
  56910. Love Scotty❤❤❤❤
    2
  56911. Loved this video. Makes so much sense.
    2
  56912. Two of my favorite real estate YouTubers meet 🥰
    2
  56913. I was watching a vlog interview w macro analyst... Their firm has BASE case terminal fed funds rate 7% lol
    2
  56914. Check back in October. Definitely by next April 2021 when the extension of forbearances become due. There’s a bubble down there. Plenty of property for sale in Georgia but with all of the other factors that goes into this, it’s got to crash. If you have no job, your company no longer exists, you can’t pay for your mortgage, your in forbearance, you can’t make the mortgage payment. The fuse is lit, the bang just hasn’t happened yet. All real estate professionals will tell you that everything is just fine. Not so much...
    2
  56915. HI Michael, another great video, have you made any vidoes on AirBnb or VRBO? We want to either do a rental with them or property management company. any help would be great!
    2
  56916. That was the first song you learned? How long did it take?
    2
  56917.  @evanlorezca6329  Ya know, that's a great question. If memory serves, a couple weeks or so. Then took a while once I learned it for it to sound effortless.
    2
  56918. Boy I hope not for the folks that bought last year and paid 3 times what they were selling for back then. I am going to hold off on any remodeling I would not get my money back.
    2
  56919. NOT touching my equity!!!!!
    2
  56920. Big game of hot potato. The government loves the high prices, more tax revenue. Yet they say they are trying to help lower housing. Gtfo
    2
  56921. Congrats on 3 years! 🎉
    2
  56922. Thank you Michael
    2
  56923. I don’t think they’ll drop that much. Especially not in miami where I also live. Dave Ramsey agrees that they won’t come down
    2
  56924. Great Video, I see alot of for sale signs going up and a big price drop! The unknown will always be in for front of people minds! It is a sign Michael! the Insurance, and buildings having to be forced inspections, who will pay for this? I believe the buyer! Im not an expert and hope this doesnt happen but change will Happen! God has put those gut instincts in all of us, either listen to them or roll the dice! God bless those beautiful people!
    2
  56925. Corporate Ca$h Offer$! The commercial loan on my 5-plex resets in less than a year. I'm guessing that's part of the reason I've been getting hit almost weekly via text, voice, and snail from friendly-sounding corporate outfits wondering if I'm "listening to offers". Thankfully I've been paying it down and a rate that's a few percent higher on the reset won't kick my payments any higher than they are now. It's a great incentive to keep making extra principle payments!
    2
  56926.  @MichaelBordenaro  you should go see Port Saint Lucie, Florida. I hear its super nice now that it is grown so much over the years. If you go there, let me know what you think.
    2
  56927.  @MichaelBordenaro  Boom because by now even taxi drivers know that the real estate prices in Florida are going up. Bust because the government can't print anymore bills, they are running out of paper.
    2
  56928. Lol. Michael ain’t risking it for nobody. Michael Miramar isn’t so bad. Just look for the good side of Miramar and you won’t have a problem lol. It’s safe here man and there’s plenty of affordable housing for under 500K. I’ve been living here and walking this neighborhood for 3 years.
    2
  56929. Yah I was one who had no solution, I am not that educated to have a solution, but foreigners should be more restricted in their purchasing American property.
    2
  56930. Excellent 👌 God bless you ❤
    2
  56931.  @MichaelBordenaro  Yes, sounds like a good plan😉
    2
  56932. lol....great!🤣
    2
  56933. oh man, the only thing im worry about is the bugs, specially that no see ums, they sound nasty
    2
  56934. Where are you Michael ? Northern Illinois , Minnesota , etc
    2
  56935. Not all AirBNB owners are slashing prices, in fact, we have gradually increased our rates over the past 5 years while maintaining a very high occupancy rate. Why? Because we are an owner occupied AirBNB and rent the lower level of our existing home with very little additional investment required. It has proven to be a great side hustle in retirement!
    2
  56936.  @MichaelBordenaro  Thanks for the info and advice! Appreciate it! 😊 I know Nocatee is a really nice new upcoming area pretty much next-door to St. Augustine But it looks really expensive. Thinking about checking into it though.
    2
  56937. Should I sell now ?
    2
  56938. interestingly the crazy rainfall mentioned in the video came from the precursor weather system to tropical storm Bertha which hit south carolina a few days later
    2
  56939. Great advice
    2
  56940. That tree you pointed out is in the right of way owned buy the state..!!
    2
  56941. I went to RTG to purchase a sale item last week and the sales person pushed the by now and pay in 60 months so much I was annoyed. I told him I did not believe in debt and was paying for it today no 60 months. I could not imagine paying for these items five years on credit. That is where we are heading it seems for many things.
    2
  56942. Michael, I love that you disagree because I think you are right on. Check out Mark Zandi's past predictions and you will see that he is not often right. Personally, I think he is a shill for the Big Banks. They do not want us to think that the case you are making could come to be.
    2
  56943. Thanks, Michael. Your videos aren’t only informative, but also educational.
    2
  56944. Michael.... Please Explain that.... We Pay Interest On Our Ntl... Debt....
    2
  56945. great video - no idea what is keeping housing afloat - rates need to go to %10.00 pronto
    2
  56946. $749,000 is average in Suffolk county Massachusetts
    2
  56947. Singapur controlled rent , encouraged ownership and prevented corporations from investing in the property market, avoiding the price accumulation. This is very interesting approach - as its clearly an issue everywhere - government should ask themselves a question: What is more important - stable society that WILL pay taxes and create growth, or more important is interests of corporations that avoid paying taxes and making few fat cats richer. Investment funds can find themselves other ways to make money, and stable society may require more regulations (although at least related to basic needs like shelter / food / medicines) - this is very interesting question and problem we may need to solve.
    2
  56948. thats where i live ;)
    2
  56949. Save your money! Home 🏡  prices will drop at least another 15% 👇 Be Patient! It's just of matter of time ⌚
    2
  56950. 41st to click ;) 1st to comment.
    2
  56951. Me personally.. im saving for a home and paying down my credit cards..so I'm not spending. I also got wind my job at UPS might be going away in January. I live in a very middle class area in MI. Lower middle class to Upper. No one I come across seems stressed. No one complains about food prices anymore. People seem to have no issue buying $300+ tix for entertainment. What they are doing at places like Best Buy, etc. I have no idea.
    2
  56952. Don't go to Oakland CA,,,,,, you will get robbed at the gas station.
    2
  56953. She have to said FOMO to the client.. she is good
    2
  56954. I've booked for the first week of August 👍 Thanks again, Michael
    2
  56955. Thank you for calling out the lies Michael. It will be very helpful to the innocent. God bless.
    2
  56956.  @MichaelBordenaro  Jacksonville is the youngest big city excluding Gainesville even younger than Miami but I doubt you’d like Jacksonville then Irlando is like 3rd youngest average age in Florida but I doubt living in Orlando would appeal to you. I’m over 40 so I’m about the same age as half of Florida’s non senior citizen residents. Very few Floridians are under age 25 but then all of America is aging just some states faster than others
    2
  56957. How about Washington state?
    2
  56958. Great video!! Very helpful 👌
    2
  56959.  @MichaelBordenaro  it's hilarious to me some of the ways I hear tourists pronounce it 🤣 I love the conversations that I have with them. They make this place have a constant flow of moving energy so being a local I just ride the vibe 🤙
    2
  56960. I can fix the problem, we will cut spending, then raise taxes on corporations, which will hurt their stock prices and the value of your 401k, we will also raise the taxes on regular people too, in order to start paying back the debt, and we will cut services and benefits to all, in order to bring the debt down. WHO IS WITH ME?
    2
  56961. $6,250 per . . .that is $75,000 per year on rent....... . who TF can afford that ?
    2
  56962. I'm totally fine with your 9:36 suggestion. Smart.
    2
  56963. GREETINGS MICHAEL 😃
    2
  56964. MB -Fill up at Costco on Rosecrans near 405!:)
    2
  56965. Nothing Impossible put 50% Down that's it.. 🤑🤑🤑🤑
    2
  56966. Too many people bought multiple houses with prior easy money that does not exist now. It takes time for the ship to turn. It will come The only thing that helps housing is the $$ is worth less 😢😂
    2
  56967. the FED made it very clear they are going to keep raising rates until we have many quarters of negative growth and profits... translated,, most homebuyers will be upside down within months.
    2
  56968. 1st
    2
  56969. Loving the tag team content this is BONKERS , let’s go TRAVIS!
    2
  56970. Money under the inspectors rug💵
    2
  56971. Another great video! Here is an idea for you to beat the Miami heat in the summer. I also am from Illinois (suburb of Chicago) so last summer my wife and I did the Lake Michigan Circle Tour. There are a lot of nice little towns all around the lake in Michigan, Michigan UP & Wisconsin.
    2
  56972. Michael, I retired early so I could do trips like this. Im pretty sure you will figure out a way to retire early too.
    2
  56973. Awesome episode bro. Very introspective .👊🇭🇲
    2
  56974. Great video. Thank you for all the information you provided.I really appreciate the video you put on.
    2
  56975. Finance should be taught in high school but then people might realize what the banks, wall street and the government do to them.
    2
  56976. When kids are being taught to not settle for anything less than their "dream job".... you get a a lot of regular jobs that need workers but no-one wants to do them because it's beneath them. Our system has a huge flaw. It's sad. When I was a teenager I got a job that wasn't glamorous, paid minimum wage, was hard work and made me sweaty and dirty by the end of the day. But I was grateful for a job. And even proud of it because I worked hard and earned my paycheck. We should teach kids it's more important to be a good, loyal worker than an instagram sensation. We need to go back to our great grandfather's ethics and values and apply it to today's workplace.
    2
  56977.  @MichaelBordenaro  Yes. It's so sad. I think it's because parents aren't present anymore. Not the way all generations past used to be. On a happier note... still having so much fun watching your florida videos! Looking forward to more when you return to CA.(why you'd go there now is beyond me! lol jk)
    2
  56978. Well said sir. Time is your ally. Save your 💰 and wait for 20%+ correction.
    2
  56979. Houses were and are way overpriced!!! Realignment time. There is going to be dropping prices through 2023.
    2
  56980. I've always felt like these county inspectors are full of crap. I haven't heard of anyone claiming they had an inspection done on a new construction and it came back rejected for anything. Yet all the time I hear these stories of piss poor build quality, structural issues, cosmetic issues, and warranty claims. So what the hell are these inspectors getting paid for??? It's about as much of a sham as realtors collecting 6% or more in commission for selling a house that sells itself! Real estate is a circus and we are just clowns in it. Forced to honk the horn and squirt the flower, even though we know it's bullshit. We have no choice.
    2
  56981. Govt does Not Own Water, No can do!! They tried it it Greenwich, CT also. However San Diego I believe under the bridge by Coronado has gotten away with charging a pretty penny.
    2
  56982. I subscribed to all of them
    2
  56983. Interesting, I bought a house in 2020 at 20 years old after 14 months of credit carding my way up to 750 score
    2
  56984. Michael, you mean an independent insurance agent. right?
    2
  56985. Another Great Video Michael. Always look forward to listening to you.
    2
  56986. The government already funded 1 failing pension the equivalent of $240k per pensioner...i dont see him stopping there, he wants those union votes.
    2
  56987. Thats a good idea… it should be at least 60 days before investors can get their hands on
    2
  56988. Thank you for the video Michael. You are looking vibrant and glowing. I'm glad to see that you are in good health sir. Keep up the great videos. 🙂 You should branch off to a grooming channel.
    2
  56989. The local median income in my area is 75k in doral, how much would you have to make to be able to qualify. I’m talking about doral in Miami fl if ur wondering
    2
  56990.  @MichaelBordenaro  sounds good 👌, thanks for replying my brother hope your having a good weekend 🙏
    2
  56991. I'd like to say you are soothing to listen to....not all the 'ummms' most Youtubers have on their videos when speaking.
    2
  56992. Thanks for the great Miami views. We are still rainy and in the 50's right now and all the way up till now in the PNW. Thanks for keeping it real. I started watching your channel b/c I was considering possibly moving to FL won't iin the near future as the prices and heavy population influx is not worth it. If I wanted that I'd move back to my home town of San Diego, which aside from liberal politics, those two above reasons were the reasons for my pre pandemic move to the PNW. I'll still watch you and keep an eye on FL though as I miss the ocean. However, I also do worry about the flooding issues there potentially getting worse.
    2
  56993. Daily doom and gloom. 😅😅
    2
  56994. Thank you Michael 🙏
    2
  56995. land is 100% up in 2 years wow that s for riches only
    2
  56996. Congratulations
    2
  56997. You lost your wife😅
    2
  56998. I live in Ocala Fl. My water bill is between $15-$17 a month. No lie.
    2
  56999. So, what happens like in 2008 no one could afford their houses, so you had all these people now renting and the rents sky rocketed. If you're a renter it's more often because you can't afford to buy a house, so it's really hard. I also watched commercial rents went up to, so my popular shopping street with little busines often things people might not be able to afford because you don't have any extra income. They tripled the rent when those leases were up, the business went out that was an anchor for the street, so the whole neighborhood went down while rents went up. Again great video
    2
  57000. Never had the courage to hang myself upside down. It is a long way down.
    2
  57001. Biden campaigned on infrastructure spending to bring the aging infrastructure up to current standards. Now, his Administration and donors want to skip straight to charging stations. How many highway rest stops have constantly broken bathrooms, yet they think that free chargers will solve everything?
    2
  57002. Hi Michael great content.
    2
  57003. Yes, south Florida horrible driving, but not so bad in Northern Florida. Also Northern FL you hardly see anyone wearing masks so depends where you are.
    2
  57004.  @MichaelBordenaro  bitcoin up to 27G's now :)
    2
  57005. What’s up with the parking stalls having the blocks at an angle 📐 😳?? Sorry from California never seen that and we are called crazy lol 😅time of video is around 2:30-2:43
    2
  57006. Thanks ❤️
    2
  57007. I am from Tampa . When I rented condo , I didn’t need to pay last month rent in the beginning . I paid only one month rent for security deposit which I got it back after ending the lease .
    2
  57008. Can you explain how property taxes go up when homesteader. It’s still only 3% of your assessed property value ? Or $450x3% - yes? Max !?
    2
  57009. Spot on❤
    2
  57010. Thank you for sharing this.
    2
  57011. You must be glad you bought your condo recently
    2
  57012. Insurance is THE WORST industry in the country. Better have it but better NOT use it!!! In some cases, you're required to have it. Premium increases all the time, whether you have claims or not. They'll cancel you for no reason, absolutely.
    2
  57013. I liked until you said, Its Maybe ok to squat for 5 years and then its yours. WTF. If something is mine, its mine, not yours. Who knows why its not lived in. Maybe a job in another country. If its yours and you pay your annual taxes ITS YOURS, PERIOD, END OF STORY. SHAME ON YOU.
    2
  57014. everyone is broke as you casualy walk past 40k 50k on up cars and trucks.
    2
  57015. If you go to a party without a gun, and somebody else has a gun, you get into an argument about sports or politics, he may use his gun and you loose. Thats the problem with guns. Its an arms race and you always have to carry it to be ready in case you need it. Why cant you under stand that? The point of security and metal detectors is to prevent you from having a gun and against your freedom to carry one. If everywhere had security to prevent carrying a gun, then it would defeat the whole purpose of the freedom to carry one. Why should colleges and grocery store be forced to accept customers by conceal and carry laws?
    2
  57016. So much more disaster is on the way!
    2
  57017.  @MichaelBordenaro  I already went through the 2008 crash when I owned a home in Orlando. Happy to be renting at the moment! Thanks for keeping everyone informed. Too bad no one was sounding the alarm back then. All I heard was "1,000 people a day are moving to Florida, so prices will keep increasing." People forget about the domino effect where so many factors are interconnected. Back then, home prices plunged, rents plunged and unemployment skyrocketed all around the same time. Who knows what this one will look like, but my guess is it won't be pretty.
    2
  57018. Great vid. Thanks.
    2
  57019. Real estate crash could pay off and IMO this can’t go on forever and if the wage goes up houses n cost of living will just like NY.
    2
  57020. 4:32 whats funny is you see the trend of higher lows till about early 2021 and after early 2021 the trend of higher lows is literally going the opposite direction. The lows are getting lower.
    2
  57021. Is better not to sell it and hold on to it
    2
  57022. There is a freeze on property tax for seniors.
    2
  57023. Great video! Really interesting to see a different area.
    2
  57024. BTW, I believe it is too late to wake up. It is over for 4-5 more years buyers and sellers.
    2
  57025. Drop house prices by 75% and keep interest rates up.
    2
  57026. the CPI was changed - it vastly undercounts inflation compared w/ measures used in the past
    2
  57027. High inventory is good 👍 So I can buy home for my kids 🤠
    2
  57028. I agree. We can only print so much money. The sad thing is the wealthy have taken it and what does the middle class to show for it? Nothing and they will rise up at some point. disgusting.Without the middle class we do not have an economy. Rents are no joke either.
    2
  57029. last couple months in my AO (middle of nowhere midwest/west). Some houses went under contract really fast (1 to 5 days) So they must be under contract at pretty close to asking. (no one is dealing after 3 days on the market) The then sit in pending for 6 to 8 weeks. Then then finally get to sold at a price 5 to 10% below the original asking. (sometimes close to 20%). I believe (and have heard of a few instances) that they are not appraising for the agreed upon deal. Where last year (or early this year) everything magically appraised at the agreed upon price.
    2
  57030. Hi Dad ❤
    2
  57031. Thank you Michael. I'd been thinking about selling for those reasons you described. You talked me out of it. I think I'll wait a little while. I was hoping I could move into a better neighborhood and a bigger place.
    2
  57032. Buy a duplex - have your renter pay your bills.
    2
  57033. ❤❤😊
    2
  57034. I dont think I've seen him without sunglasses 😎 so funny
    2
  57035. I think it all started when marijuana became legal
    2
  57036. Gorgeous water views on today’s walk!
    2
  57037. 2008 all over again. A lot of Seniors were forced out because property taxes skyrocketed.
    2
  57038. Thanks
    2
  57039.  @MichaelBordenaro  For renting ive noticed to be on the beach rather than 1-2 miles away the 1 bedroom prices were $1,000 and up for Cape Canaveral and Atlantic Beach near Jacksonville. For St Augustine beach there aren’t any apartments on the beachfront and anything rented is at least $1,200-1,400 minimum but that was when I looked last fall. I wonder if they’re higher now?
    2
  57040. Congratulations 🎊 Michael
    2
  57041. I appreciate your perspective. Much gratitude 😊
    2
  57042. Hi Michael 🥰 congratulations on your 3 years and hope many more! I started following you 1 year ago I wish I would have bumped into your channel 2 years ago. I’m glad I’m here and for many more. You are so informative I have learned so much from you, I was thinking of selling my home next year I need to down size into a townhouse or condominium. You think the market will be better to do that move? Please let me know what you think about that. ♥️
    2
  57043.  @MichaelBordenaro  Hawaii, too, but it is very expensive, and 5 hours by plane to the mainland - but a fabulous vacation spot!
    2
  57044. Maybe many new college graduates should start buying up properties in, say, Detroit and turn that area around. Then they can apply their liberal thinking into actually making a difference in the communities they are always talking about
    2
  57045. Question - if recently housing market really inflated housing prices due to lack of houses on the market, if the expected down turn doesn’t go lower than what the house was worth prior to the crazy upturn then a home owner should be ok, right?
    2
  57046. Can anyone confirm prices went up for normal things? I have not seen an increase in anything, and weirdly have been a 4% increase in my savings flow.
    2
  57047. Sea Grapes. I sold my condo at 1425 A1A SB in 2012 after 10 years and I moved back to Oceanside,CA.
    2
  57048. Over next 35 yrs I could spend 540000 in rent in apartment ...and all houses are over 500k in Texas..why would I buy a house
    2
  57049. I LOVE YOU TELL IT LIKE IT IS!
    2
  57050. Michael, what is the name of the development in Brickell you reference in the video? Thank You.
    2
  57051. As an aside, nice to see you play both a Les Paul AND a Strat. Impressed!
    2
  57052. what form of gold and silver to invest in
    2
  57053. ☝️🧐,, Black Swan Event? in China there are about 4 million complete cars (heading to 5 million) sitting and legally can not be sold. Google it,, EV and regular car companies over there (except Tesla) are going bankrupt. This will effect the world economy 😔,,, follow this story it's a big deal. Good show today 😊
    2
  57054. Oh I think you answered the question lol thanks though
    2
  57055.  @MichaelBordenaro  thank you
    2
  57056. HI MICHAEL ❤
    2
  57057. I bought a 3/2 house $100000 only at pace FL which is 15 mins away from bay and 20 mins to Pensacola and good school district and safely.
    2
  57058. after reset how do you think home loans will look? dont hear realtors discussing this. i will be spending some of my thousand ounces of silver ive but at stupid cheap prices. gold 1900; silver 25; 25 please and lots of it
    2
  57059. They didn't take the sign down feom a house sold in December? Guessing they dont live there. How much money is coming from abroad... Taxes on investors, now!
    2
  57060. How Do 10 people legally live in one home? How? In this climate everything is more stringent. Make 3to4 times the rent. Application fees for everyone over 18. It's no wiggle room anymore in renting. So what will the illegals do?
    2
  57061. Nyc lets squatters steal property, so rent is zero
    2
  57062. I think Alaskans get money every year because of the oil revenue..
    2
  57063. successful landlords know you need to have five years of capital built up before you even think about becoming a landlord, In other words you can't be a wealthy landlord for 20 grand 50 grand hundred grand or even a million, However lotta scammers out there selling their lies and getting these poor souls to take out the 1MM or below loans creating false artificial wealth creating inflation creating interest rate increases which will continue to bring real estate values down another 90%😂
    2
  57064. The lawyers are getting more than 1/3 of the total sum, isn't it?
    2
  57065. Real estate is over till the Fed is D._*D......
    2
  57066. Redacted. Now at least now I know the truth.
    2
  57067. i'm one of those people who sold just before interest rates went up but i'm no longer in the usa. i pay $400 a month for a studio apartment in japan so don't blame me for rents going up. Oh almost forgot to add that with the currency devaluation here in japan i'm getting a 30% discount on everything i buy using dollars. no fucking covid tax "inflation" here. life is good. If there is nothing holding you to stay in the usa, its the best time to get the hell out
    2
  57068. I freaken hope so, my rent went up $330 for 2023-2024, we either keep living here or move in with family(either one) to where to job market is lacking to say the least. Only people with some type of degree can move with family and "afford" to wait it out. Come cash in 2024 or even better late 2023.
    2
  57069. Did you go down the gulf coast after you left the panhandle?
    2
  57070.  @MichaelBordenaro  Cool! I look forward to watching those videos!
    2
  57071. Sure, on paper I’m doing well. However, things cost more, food, property taxes, home upkeep, etc. Luckily I live in a home that is paid for and I keep my credit card spending to a minimum and pay my credit card bills in full each month. Just proves that you STILL have to be careful with spending, despite others telling you to spend $$ frivolously. This is advice I NEVER heed. I only buy if I could afford to.
    2
  57072. Pensions are insured up to a certain amount.
    2
  57073. Thanks!
    2
  57074. How do you know if you are poor??? go to your local gold dealer. Bring your check book. Write a check for one ounce of 9999 pure gold. If your check bounces you are Joe dirt poor.
    2
  57075. 305 in the House
    2
  57076. Right again! A heloc is for a dire emergency, not an iPhone or to pay off a tesla or bmw thats just going to lose value. People at 6 figures and paycheck to paycheck aren't impressing ANYONE except themselves. Reality check people! Thx Mike, you don't sugar coat the truth.
    2
  57077. Check for DEPEND SALES in your area , the higher the sales , the more shit hitting the fan. 🥂
    2
  57078. You seem like one of the only ones speaking on behalf of buyer's.
    2
  57079. VA loans do not require down payments
    2
  57080. As they say in the White House even all these low paid jobs these no good jobs will be filled by our beautiful migrants
    2
  57081. 🎄🎁🎄🎁🎁🎄🎁🎄🎁🎄Before I forget, I’m Wishing you a Wonderful Merry Christmas 🎁🎄 to you and your family. Blessings, Carlos
    2
  57082. Thank you for these videos I really enjoy them. My husband and I and our cat are moving to the East Coast in the treasure Coast area. We are so excited to move out of New York and down there. We are in our 40s and don’t have kids we just need to find the exact sort of town that we can enjoy our lives in. Looking forward to your villages videos. My parents have a house down there and it’s very active. In fact if they don’t have the activity they will add it. They have all these different themed towns and bands that play almost every night. Along with the regular shops like HomeGoods and Walmart nearby. They have 15 more years in contract for building around the villages I heard so contractors will do really good in that area
    2
  57083. Lots of overbuilding in my area of FL north of Tampa in East Pasco. Expect rental rates to decrease significantly in next year as many decent looking apartment complexes are completed. Overbuilding of homes too and they are ugly and so are the home communities-so different from the beautiful homes with many community amenities that were built from 1995 about 2010 . No reason to buy new here at the moment. What a great video. I agree with all except buying treasuries.
    2
  57084. Happy Birthday, Michael! Happy New Year!🎉
    2
  57085.  @MichaelBordenaro  the Midwest went crazy. I have family in Des Moines, Iowa. Property prices hardly ever went up much. We were thinking of buying out there then c0vid hit. BOOM! Prices are so high out there now! South Central Pennsylvania where I live is quite the deal these days.
    2
  57086. Thank you to our host for these outdoor walk-around teaching and learning sessions. Looks like even in this RE market, some houses are moving. See you in the next one.
    2
  57087. if i could only get my dad to go outside and execise
    2
  57088. Congratulations on 300k 🥳🥳
    2
  57089. The New normal is higher prices higher inflation higher interest rates and shortage of good labor. That's everywhere in the United States
    2
  57090. can hear the members of the hood stampeding next tuesday to rocket,,,,gimmmmmeeeeee a house.....
    2
  57091. If a person has to sell, now if definitely the time to do it Waiting will only lead to further losses. . Home valuations in a particular neighborhood are set by the most recent sale. If you believe (as I do) that home prices will eventually fall anywhere from 25%-35% and you price aggressively (-10 to-15%) of peak values, in many markets the home will sell. The seller would still get say 85% of recent peak values. Depending when they bought, that's could still be a reasonable return. It'd free up capital and rid the seller of a falling asset. Making lemonade out of those lemons.
    2
  57092. Pesticide use on golf courses pose a significantly risk to human health.
    2
  57093. Thanks!
    2
  57094. So glad you clarifide the reality that inspite of all the bad news about insurance companies there are still some good ones..Most are ready to pounce on consumers with crazy rates.If you stick to your guns reasonable rate increases can be found. You just have to play their game and fight back....
    2
  57095. Never rely on the government to make your life easier or better. Never.
    2
  57096. Nice, I guess the beach authority is Quantitative SANDing..........sorry
    2
  57097. It's a participation trophy economy
    2
  57098. ''adjustable rate mortgage'' is a nice way to tell you we're gonna screw you up..!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    2
  57099. I call this the TTG [Tank Top Guy] channel. I would not recognize this guy if he wore clothes with sleeves.
    2
  57100. Is FPL having another price increase? 💡
    2
  57101. Wall street investers are about to unload inventory. That's when you will see lower prices
    2
  57102. The US will be sending billions to Lebanon, how can they do that if they are broke?
    2
  57103. The fed accidently let out a form showing recession by states for the 2008 fun time. Different states are definitely hit different. OK not sure it was an accident but it really showed alot more into how the fed thinks. If we can call it thinking.
    2
  57104. I grew up a few streets over on Hobart Rd. At the time there was only 3 homes on our road and the majority of the roads were unpaved (shell rock). Incidentally, my folks paid $17,000 for a new 3/2 in 1970. It was mini bike and dirt bike heaven. Make sure you take the ferry over to South Venice Beach.
    2
  57105. Go woke go broke
    2
  57106.  @MichaelBordenaro  I’m going to Atlantic Ocean in Jacksonville and Daytona Beach
    2
  57107. This is all so crazy! We are living in a pressure cooker!
    2
  57108. I live in Ohio I grew up here can’t take it no more I gotta move to Florida
    2
  57109. I enjoy when you talk about life
    2
  57110. My school taxes were 2200 a year. I would go for voting on the budget and would vote NO. The SAT scores were 30 to 40 % . I would be angry because we ste paying school taxes for what. The budget would eventually pass. I would mention the SAT scores yo my friends but they didn't say anything. Recently I have been talking to my son about that school. We moved out 5 years ago. He mentioned the area had 2 state institutions in the area and the kids were groomed to work for the state. Their goal in life was not leaving the area and work for the state. There was no incentive to do better. I knew what the school system was like and kept my kids out for as long as I could. The nearest private high school was 26 miles away and I could not afford the cost. Besides the kids would have to ride the bus to school. Not the school bus.
    2
  57111. My Main Want: no other rooftops within 2 miles :goodvibes:
    2
  57112. Wait does he play guitar at the end of every video? Have I never actually watched one of your vids to the end before.
    2
  57113. We really enjoyed your video with home owner Matt so cool.We watch you all the time and your information is so spot on We really appreciate you. Glenn owner of Suncrest Builders INC.
    2
  57114. Depression Era mind set here. I was not there, but I am here. Deja vu.
    2
  57115. Love you view. You really care about your viewer.
    2
  57116. It’s nuts, my realtor just told us yesterday it’s still a sellers Market . Because of the shortage of houses on the market. What do you see Michael? Is it a sellers market. We’re in Boise area.
    2
  57117.  @MichaelBordenaro  is it affordable to move there? Ive heard alot of rich ppl live there but i looked online n some of the houses dont seem too expensive
    2
  57118. Thank you for touring the neighborhood🙏🙏🙏
    2
  57119. Went to my former favorite Starbucks a few months ago. It was in a beautiful area, had a cozy interior as well as a nice patio. Although they had recently updated the decor, it was full of homeless just hanging out and someone was taking a bath in the sink in the men's room. Most of the seating was gone inside as well as outside. Will never go back
    2
  57120. Grow houses is the answer Micheal!
    2
  57121. Get ready, It’s about to go down
    2
  57122. Enjoying the videos! But for some reason I'm still no receiving notifications despite ringing the bell icon so much it's looking like the Liberty Bell. Is this a problem others are having?
    2
  57123. How do you protect your down payment from possible high inflation while waiting for a home price correction?
    2
  57124. No emergency rate cut the Fed's going to keep it where it is .big problems in New York a lot of looting.small businesses closing up Subway Mall is very very bad not safe at all even when the police are there san Francisco is getting bad It's getting like LA.we have been in a recession with the last two months we are going into a depression. Unemployment is rising but yet the borders are open the legals are coming in like crazy we will be getting a large surge of immigrants before the elections They are destroying our big cities with crime . looting and killing people This must stop think about what kind of a country this is going to be for your kids and your grandkids there won't be able to leave the house
    2
  57125. 850k for that vacant property! Yikes.
    2
  57126. Thank you for the video Michael. Keep it up sir. Such quality content. ❤️❤️👌🏿👌🏿😎😎🔥🔥📹📹
    2
  57127. One big “monopoly game!” Big investors trying to wipe out everyone else! Sick and not good for any society!
    2
  57128. It always takes people getting killed to wake people up to danger.
    2
  57129. And anyone complaining about accruing interest while they weren’t making payments is an idiot. My mortgage recently (a year ago) got sold to another processor, and when it was sold they sent me a letter saying I didn’t need to make any payments for six months. I set up payments immediately because all that would’ve happened is I would’ve racked up another $20,000 in interest in those six months. Because by their system, I am six months ahead of my payment due date, each month when I get my mortgage statement, it says payment due six months in the future. Worst case scenario I have bought myself six months of wiggle room by being six months ahead of the game. If something terrible happened, and I couldn’t make any mortgage payments, technically, my next mortgage payment is due in December this year.
    2
  57130. Thanks Mike!
    2
  57131. Thanks for trying Michael. The only gators I've seen are the ones at Gator Golf in Orlando and the sign is deceiving because it reads "Live Gator" however; if you look down into the incloser there's quite a few.
    2
  57132. Congratulations ! Silver Play button is such cool thing. Keep up the good work!
    2
  57133. Definately a Recession! Look at the children that are going hungry to bed. Bigger numbers than you even hear. Buying a house at 6.5 interest? Not good. We are in for tougher times than we thought! Gas, Rent & Food is crunching everyone. Prepare now! I've been saving for 14yrs. Banks may fold up? War hasn't helped the budget any...Sad... e
    2
  57134. It looks like when I build, itll he a home made out of dirt and stones
    2
  57135. At least people can get insurance for their homes in America. The issue no matter what type of insurance, make sure that it has a good reputation for helping out if the time comes to make a claim. When I went to Ischia, a beautiful island outside of Naples, Italy earlier that year had been an earthquake that desimated homes. Unfortunately, as locals told me there is no insurance for those types of natural disasters. So buyers beware.
    2
  57136. Preach, Michael!
    2
  57137. As I was leaving Home Goods in Palm Bay FL today, two Police officers were escorting an individual out of the store. I saw him calmly put both hands on top of the Police car. He was cuffed. You can draw your own conclusions. I kept walking.
    2
  57138. I'm sure that you will post the positive news when our economy improves for the positive. Yeah, right now under the current administration, the economy is messed up and yes, I agree that a big crash and correction is on it's way.
    2
  57139. 😆 OMGNESS!!! This totally made me almost spit my coffee out!
    2
  57140. 😆😆😆😆😆😂😂😂😂
    2
  57141. I just paid off my credit card, so I'm happy about that. But I still got a home equity line of credit to deal with. My regular mortgage is paid off. So I can just keep chipping away at that home equity line of credit. It's gonna take a few years, but I'll get there eventually.
    2
  57142. Lizzy probably just wants to chill out.
    2
  57143. You can not forsee the future cost of housing with todays numbers. With climate change, wind, fire and flooding you will have insurance increases as well as your carbon foot print potentially. Politically there will be a battle coming up. Today people see their home as an assett, and their vacation house as a retirement saving instrument, rules can and will always change. The home deduction will be in play, the federal goverment either extends benefits or provide tax cuts to the different income groups. Those with greater income get a tax cut average $35000 per tax payer, like home deductions. The less fortunate get about $25000 of benefits, like welfare. The problem is that the worker is getting a raise in wages and the landlord is saying thank you by raising the rent. A primary home should be taxed differently than an investment property. Pricing people out of there home or rental is not productive, few people win. Business's that do not provide a living wage are costing american tax payers because low wage workers need to subsidized by the government.
    2
  57144. survived Ian and agree beautiful weather now
    2
  57145. Congratulations 🎉🎉
    2
  57146. West Virginia is still affordable lol
    2
  57147. Great insight from Travis's experience
    2
  57148. Michael Love your videos!! Looking to move to Florida Saint Augustine area. Prices are outrageous right now. Listed prices seem to be the starting point for bidding wars. Have to wait this out for sure. Hopefully the Fed will wise up, stop printing money and raise interest rates a bit. Hope that this happens soon. Want to get out of this cold climate!!
    2
  57149. Hey Mike.... Can you find a nice neighborhood in Coconut Grove or Pinecrest to walk??? I lived there in the 2010's and Im super curious what your take is today.
    2
  57150. The property tax is supposed be used for garbage pickup, storm drains, road, unless you live in a gated neighborhood, and retention ponds, or maybe in Miami they don't even need retention ponds because the storm drains would just route the water back to the river. Also education is in there too. That should be all of the property tax is for, not to use for other government projects.
    2
  57151. the #1 reason not to move to Florida is not the alligators, the weather, or mosquitoes..it is Florida Man!
    2
  57152. my niece was always a cute girl,, I remember telling my sister she only needed to save enough money to put the girl through r/e agent school.. at the time was something like 6 weeks and about $1000....(sure its higher now and all kinds of industry fees,,, but its the best rate of return on education. the r/e agents over the years have been playing buyers and sellers while banking and walking away with no risk to themselves
    2
  57153. Good overview of the situation. Keep up the good work
    2
  57154. THAT PERSON BETTER GET SOME FINANCIAL SMARTS
    2
  57155. Corporate McD's will continue to do what they do until it hits the investors harder than corporate can blame on the recession. What recession? I'm told there is no recession. I am paying my electric bill and not eating Saturday but I'm sure were are doing just great. The TV told me so. The franchise owners will suffer and their investment fail, but the people higher up on the food chain (no pun) will only be slightly inconvenienced.
    2
  57156. Is shipping still free if you don’t have Prime?
    2
  57157. Farmers change is to get people to quit without paying unemployment.
    2
  57158. I went to college. Today I own my own landscaping business. I’m much happier.
    2
  57159. Must be nice to just walk around and shoot videos all day lol
    2
  57160. Is what they tell us wrong ---- or are they lieing? :/ Thanks for your work, Michael
    2
  57161. I would buy a house on it's own block of land and have it uninsured.maybe not on the beach but near enough is good enough as Condos send You Broke as it makes no sense.
    2
  57162. $7000 a month, $84,000 per year for that dump. I would Not live in it even for free.
    2
  57163.  @MichaelBordenaro  I just wanted to let you know, since I talked to you, I found a girlfriend and moved across the country with her. Things are good! Mostly living off of 3 years of saved up money, but I'll eventually get to my next goal. Thanks for helping me along the way.
    2
  57164. Your opinion is the best on youtube
    2
  57165. we run on a debt system; fed tapped out of goodies and needs to tighten; cant taper a ponzi scheme - max keiser
    2
  57166. You got a sponsor now?! Good,man!
    2
  57167. For the last 10-11 years, I've camped at Holiday Acres, just outside of Belvidere. It's a great little town!
    2
  57168. thank you for sharing. the question on my mind since the hurricane: if I decide to rent my home since the interior is fine, is MLS the best place for it ? does a homeowner need a different type of insurance once you rent it out ?
    2
  57169. I propose a simpler, less legally risky union. How about us prospective homebuyers unionize and say "we will not pay your asking prices!" 😆
    2
  57170. KIPPERS - Kids in Parents' Pockets Eroding Retirement Savings
    2
  57171. We are going back to 1998 - 2000 prices around 2025. Mortgages traditionally have predominantly pinned at 3 xs yearly wage. If most people can’t get that they turn to alternative forms of housing & if renting remains unaffordable that will crash as well even if you start seeing boarding house scenarios. Further no one has accurate numbers of the boomers & COVID fatalities that have taken massive numbers out of the market forever. It’s a 25 year house of cards built on too much money supply in the system.
    2
  57172. 👍👍🇺🇸
    2
  57173. Big companies are laying off, Google announces yesterday laying off 12,000 people.
    2
  57174. In England! You have to refinance every 3 years ! Not a chance…
    2
  57175. How many condos in the complex? If the deficiency is split by 1000 units not so concerning but if it 100 units it is a disaster.
    2
  57176. It's really inaccurate to call student loans "bad debt". Without student loans, we wouldn't have half of the professionals that our society needs. I'm a healthcare professional, self-employed, and make 6 figures annually. However, this wouldn't have been possible without going to grad school, financed by student loans. All of my colleagues, from doctors to mental health clinicians, all have student loans. Yes, it's taking a while to repay them (especially if someone doesn't qualify for loan repayment programs), but that's the cost of having a career that we love. Now, if someone is suggesting that nobody becomes a medical professional who has to rely on student loans, ok.... good luck finding medical help in the future. What's left of the American healthcare system will turn to dust, and the future generation of prospective medical professionals will go to countries where we're valued.
    2
  57177. Thanks!
    2
  57178. I've though about it and decided to throw in the Towel at this rate I'm never going to be able to accomplish my dream and move out to the rocky mountain states. I'll move to the Midwest where I can actually afford housing and the job market is good still need a few months to a year to get a down payment together so I'll keep my eye on Wyoming and Idaho in the hopes that housing becomes balanced with the job market.
    2
  57179. Hello MB. Happy New Year to you and yours. That "cash stuffing" is a great idea. I have been doing something similar for years. I pay myself a montly cash allowance to pay all of my bills and anything left over goes to an "escape" fund. If I ever use all of the allowance I just stop there. I never go to the bank to get extra money and I never use a credit card for unplanned purchases. This method has saved me tens of thousands of dollars over the years. I can leave the US in an emergency with just those funds and I will be okay. And, it's all after tax dollars...so the IRS can go kick rocks. ✌
    2
  57180. Thanks
    2
  57181. This has been coming down since 2003. I never thought I’d live to see it. It’s going to be ugly though. Really really ugly.
    2
  57182. You are very informative but your strong bias shows. You are very pro real estate agent with no empathy for people who have gotten "screwed" by real estate agents.
    2
  57183. my timing.
    2
  57184. Everybody is laying off--just wait until government starts laying off. This ride is just getting started.
    2
  57185. Michael, Buy-To-Let in the UK basically means buy to rent out, so becoming a landlord.
    2
  57186. 1st!!
    2
  57187. That could possibly be true, but they’re still going to have to pay back the loan, plus interest, or their home will be foreclosed on. I wouldn’t advise this retirement strategy to anyone. It would not end well.
    2
  57188. Thank You this was something I wondered about for the past few weeks!
    2
  57189. Love your videos watch them everyday, but most of all sometimes you walk down a street that takes my breath away with the shrubbery or trees. at the 10:38 minute you can see on this street big old beautifu trees. thanks for this.
    2
  57190. I did a shot every time I heard institutional investors and now have alcohol poisoning
    2
  57191. 😅🤣😂😹
    2
  57192. Its actually a very good video, ie flood and wind insurance. Most of the other vloggers aren't getting this detailed.
    2
  57193. Man!! You made me move to Miami now you want to move out!! 🤣🤣. Kudos to you, your videos are very informative 👌
    2
  57194.  @MichaelBordenaro  I hate August & September heat I barely make it thru July. I bought a bunch of linen clothes on sale this winter in preparation for next summer
    2
  57195.  @MichaelBordenaro  oh really? interesting. I'm leaning more in the other direction :) but I've yet to go there... next week. But def finding more single fam. homes in St. Pete than in St. Augustine. There is nothing in St. Augustine now
    2
  57196. Hey there. They all suck, mine is First Republic and it’s amazing, but my elderly friend has wells, was horrible, now chase , 10 times worse. He deposited lots of money from a inheritance and they keep declining his card all the time, but he wants a physical bank.
    2
  57197. Hey Michael. Miami/Dade taxes all the homes for schools and local services correct. Well the county and city coffers must be flushed with cash with all the taxes they collect from the really expensive homes. What are they doing with all these taxes. The services there must be first rate these days.
    2
  57198. Don't invest in the stock they will only steal your money. Look the insider Feds had to give their crook friends time to make a little more on leverage and give their other crook friends time to unwind their massive fraud deals. Thats the real reason they took so long Don't kid yourself they could care less about you and your pain.
    2
  57199. As rates rise the interest cost of your mortgage is stupid high. When mortgages go upside down as the economy continues to eat shit, some home owners will begin to walk away. I had my license for over 30 years beginning in 1988. My broker's license in '92. I think you are better off living with family even if you can move into their garage. Save your money. Wait for after the collapse. We could still be a year or so away from hard times. Don't buy a house now.
    2
  57200. Weird here in NY. Very little for sale and prices still inflated $100-999 thousand higher than 2018 prices.
    2
  57201. Happy Tuesday Michael, Thank You!!!
    2
  57202. The condo building where I owned was mainly absentee. So, no one really paid attention unless there was an expense or increase.
    2
  57203. Seems I missed spring break from youtubers.
    2
  57204. Naaaa...everything is gonna be fine, just fine. la la la...la la la...Michael you gotta stop falling for this doom and gloom conspiracy crap...la la la...
    2
  57205. I love being I formed and learning more thank you Michael
    2
  57206. Summagunn I gots a garage roof leak, new roof $3,500 quote from illegal aliens, just got 1st installment of $1,900 property taxes, just got $1,851 house insurance, car insurance of $460 due in January, another $1,851 Property tax bill due in March, Dentist work coming soon, Garbage Disposal just started leaking, I got a bucket under it, gotta watch how I just charge credit cards and toss money around, or do what my uncle use to do, go get a beer watch the game and dont worry about it, he threw his fist in the air and said goodbye to the world from cancer in 2009 with a beer in his hand, full of pain killers and the bank had his house and all the problems, so long Uncle Gene.
    2
  57207. Michael you have very good common sense videos thank you. Excellent
    2
  57208. Emerald Coast is the best Michael, except you been there in wrong time: yearly spring and late fall so next time remember this place is way north compared with Miami!!!
    2
  57209. So great to see sweet Lisi with you! Love her dress and hat! You guys both look so relaxed!
    2
  57210. Many legislators thinking of banning it now - remote working!
    2
  57211. Congrats on 💯k plaque.
    2
  57212. Sounds like you have to have a lot of money to own a condo. Even newer properties will be in need of repair and none of that sounds affordable even with multiple units kicking in. That with multiple fees, no thanks.
    2
  57213. Me deciding to buy a townhome a couple of months ago could turn out to be a solid decision in at least the short term. 😂
    2
  57214. Jamie Dimon isn’t cashing in for no reason.
    2
  57215.  @MichaelBordenaro  Thanks! My question answered, sort of! You are so right! A person moving to Florida does need to know these things! I am wanting to buy my first luxury car and will probably spend a lot of time on Biscayne Bay but certainly will travel to Miami Beach from time to time. Was your car parked outside all the time in direct line of ocean spray!? Do you know about the Bay - Brickell, Edegewater area? Is this a Florida thing?!
    2
  57216.  @MichaelBordenaro  Thanks for the reply! I've always been so reluctant to say anything on you tube, but I've realized what possibility it has! Thanks for your videos. I have listened to a lot of them :)
    2
  57217. Laws are for fixing problems and the American housing market has a massive amount of problems right now. The average American isn’t powerful enough to fight against hedge fund neighborhoods. “The free market will fix it” is only true if the powers are balanced. We would all be using AT&T and Standard Oil if the government didn’t balance out those markets. Institutional investors are currently too powerful and need to have limits placed on them. They have been a massive force in breaking our housing market.
    2
  57218. They’re all over Tampa right now. So gross
    2
  57219. Thanks for another great, truthful video. Please keep up the good work and be a blessing and savior for the general public! 🙏 I am a Realtor.
    2
  57220. Bankrupt State, Legislature turns out 1000 Bills and Regulations per year, crazy taxes, largest # of people living in poverty, largest homeless population, largest # of Commercial Properties in default, what else is there to love of Commiefornia?
    2
  57221. Michael, thank you for all the effort you put into your videos and discussion.
    2
  57222. It's a hard concept to teach children or even young adult children. To not spend when they don't have the money, to not eat out, not travel, buy clothes, trinkets, no. When prosperity has been good, it's hard for children, adult children to conceive it could take a while to get things back under control.
    2
  57223. So sad😢
    2
  57224. Your analysis needs to include news of where our tax dollars are going. Anyone who can look at where the money is going and is excited about working every day is struggling to have a positive attitude or needs to see more reality.
    2
  57225. So just a quick question I'm thinking about obtaining my real estate license what states are more favorable for real estate (requirements)
    2
  57226. Appreciate your videos. NICE JOB I enjoy your blogs
    2
  57227. 🙌🏼 Thank you, Michael! I just spent about 10 mins crafting a comment and guess what? Didn’t post. Grrr… YouTube is pissed that I subscribe to your channel but refuse to subscribe to them! Oh well.
    2
  57228. 🙏🙏🙏🙏🙏
    2
  57229. Money, if saved by charging vs fueling goes away if you factor the amount of your time. How much is your time worth? Add that to your charging time and see how expensive it will be.
    2
  57230. Buy a Dozen eggs get a free House
    2
  57231. Great content. Affordability is key.
    2
  57232. Love your video. Guess me and my twins will be living in our Rv for a while. M
    2
  57233. Great video thank you
    2
  57234. Love your channel
    2
  57235. Zoning and code enforcement is always the problem!!!!!!
    2
  57236. I actually couldn't disagree more. My husband's whole family lives there and we're moving there in about a month. From any one of his relatives houses (and they all live in different parts of the town), you can get to Palm Coast Parkway in a matter of minutes and there you can find every restaurant imaginable. You can find Italian restaurants, Mexican, Thai, Denny's, Cracker Barrell, Texas Road House, a Caribbean restaurant, more than one Dunking Donuts, diners and much more plus convenient stores galore. We live in Cape Cod Massachusetts now and we do not have that number of restaurants that close to us now. We have to drive much further now to get to some of those places I mentioned. In fact I'll have to get used to all the traffic and busyness of Palm Coast.
    2
  57237.  @MichaelBordenaro  not true. I live closer to rt 100 and there is plenty of shopping, restaurants etc. I don't disagree with your opinion totally, its definitely not for everyone, but I do think you missed alot of the area.
    2
  57238. Michael, really appreciate your realistic view of what's really happening in the housing market. I wish we had more like you here in Australia
    2
  57239. Marry Christmas man. Thank you for all the great content that you provide with verifiable information. Truly appreciate the work, thoughts, and creativity. Hope the cold drift does not hit the area severely. Stay warm and safe.
    2
  57240. I think more importantly is knowing your market. Waiting may not be the best option for some people. I was in the market for two years and got priced out by cash buyers. I waited a year and things are relatively worst since rates are higher and prices don't come down. I'm in the NE, which typically lags in following the rest of the nation in real estate. I also know my market which has had significant job growth so, waiting is not the best option. The key when you know your market is to keep checking and jumping on the right opportunity at the right time.
    2
  57241. Michael isnt this normal every 6 to 8 years ?
    2
  57242. 6:51 Tokenized RE also allows the owner to sell limited amounts of equity to individual investors, so, it can be a good thing.
    2
  57243.  @MichaelBordenaro  You are quite welcome, keep up the good work! 👍🏻 Can’t wait to make my Florida dream come true!
    2
  57244.  @MichaelBordenaro  Maybe do a walking tour ? But that be uncomfortable walking in the rain.
    2
  57245. It's funny how Vancouver and Miami have similar issues in spite of being on opposite sides of the continent.
    2
  57246. This!!! My brother and sister in law bought their 4/3 in a community w/ pool and park, decent size back yard and canal view in Oct of 2019 for around $375k. Homes in their community are going for $525k-$640k insane
    2
  57247. Michael, my wife and I enjoy all your videos, but we especially like the ones where you take us on a tour of an actual house or condo. We hope you can do more of those in the future.
    2
  57248. 2023 is going to be the year of the layoff--it's going to be epic--everyone will be too scared to leave their house, no one will be buying anything. Just look at how the pace is quickening .... normally, this time of year, retailers add temporary staff to cover the holidays. This year they started laying off into the run up for the holidays. What does anyone predict will happen after the holidays. Housing will collapse and take everything else down with it. Unfortunately, the US economy has nothing left but homes and autos.
    2
  57249. biden writing checks gives him an advantage over runners up and trump, when election time comes. as the country tanks, no one will remember much at poll voting time except who gave then money last month to save there car or house or children, similar to obama time, could you imagine if biden got in again !!!!
    2
  57250. GREAT TOPIC!!
    2
  57251. Common sense is Not common any more, Especially in SF !
    2
  57252. Most of US States are hostile to landlords. In the long run it hurts everyone including tenants.
    2
  57253. Great content! Do you foresee next year (summer '23) being a nice time to buy? I know it's different everywhere. Just curious of your thoughts as someone looking to buy soon.
    2
  57254.  @MichaelBordenaro  So many people refuse to believe until it’s too late.
    2
  57255. The package that the gov just approved is packaged inflation, lol. We might see above 8% interest rates.
    2
  57256.  @MichaelBordenaro  Try 7, plus a big ole dog! hahahhaha Our kids range from 29-13 with now 8 grandbabies
    2
  57257.  @MichaelBordenaro  Last time I had all 7 on a road trip to the lake I got a speeding ticket LOL. Be safe in Cali!
    2
  57258. careful also when walking on the street; always walk against traffic (left side of the road)
    2
  57259. 3 million wow, I'd rather live on the beach in California for that much.
    2
  57260. Yea time for my daily dose of doom and gloom
    2
  57261. Not in Australia they won't!! They just keep rising, and idiots keep buying.
    2
  57262. been watching you for a while your great on Real estate do your absolutely wrong on EV you need to do the research be you talk about something your not knowing facts on
    2
  57263. hi
    2
  57264. Thanks as always, Michael. Good summary and quick takeaway: Two out of three now: 1) Buy house; 2) Have kids; or 3) Retire.
    2
  57265. Thanks so much for this, Thank you
    2
  57266. Wow, a real estate agent who tells the truth. I saw a realtor in Reno say last month that average home prices will rise to 900k. Who will buy these homes? The average salary certainly does not support that. They are currently 615k, and headed down.
    2
  57267. PANTS?! Good for you, getting to enjoy a cool and cloudy day in Miami! Yeah, the stock market is bouncing around right now. I check it everyday. Not a pretty sight at the moment! Great video!
    2
  57268. I love Siesta Key! What a dreamy place!
    2
  57269. Big business is driving all of this and using the government as the tool to achieve the things they want
    2
  57270. Jersey prices are insane..I bought there Dec 2020 and there is NO way I could afford that same house now It helped I hanged ten on 3% APR Dan Golka is at Huntington Beach Pier where there is California Surfing Championship..Must be 100k people over there Hang Ten Surfer Dudes:oops:
    2
  57271. It all starts next year bro.. 2007 was a pre election year... This is a pre election year. The more people that keep F-ing up in the mean time.. The bigger and longer the crash.
    2
  57272.  @MichaelBordenaro  understood. Thank you 🙏 … really love listening to your market analysis. I actually stopped watching the news. I am only listening to ppl like you that watching the news (instead of me 😅) and analyse the reality of the market the way it is without an agenda. 👍🏻.
    2
  57273. Thanks! Can't wait till you come out to Seattle, WA. & Some surrounding areas. Keep up the great work buddy!
    2
  57274. Small building lower than 4 stories? , yes. Anything higher, no way. Costs of running and maintaining a building increase a lot with height and the more units the more dysfunctional the HOAs are when the huge assessment bills come due.
    2
  57275. Yeah.. I sure felt sorry for those pensioners when the rigged monetary policy allowed them to have 100% gains on their property values in last several years. I’m also retired.. I don’t care if my home drops in value. It’s paid for. These people had 30-40 years to figure sh!t out before they became “pensioners”. And if they are broke, maybe price decreases will help them move somewhere they can afford. Did anyone take a basic economics class ??
    2
  57276. Do FL vs NY, where I’m originally from
    2
  57277. More like 11 months.
    2
  57278. Thank you for the info! Very thoughtful insights!
    2
  57279. Ive got a couple of old neighbors. Seems like their mo is stop fixing the house and yard as part of their retirement funding strategy.
    2
  57280. You need lower standards if that's true.
    2
  57281.  @MichaelBordenaro  not much to go bad...I have changed opti-sparks out..that's about it...everything else is pretty Old school, and tough..won't break..
    2
  57282. Thank you!
    2
  57283. I heard this whole thing about the BRICs. Their currency is worse than the USD.
    2
  57284. Just read something about Sebring, Florida. Did you include that on your Florida tour series?
    2
  57285. Without the government involved here's how it's fixed. In an honest money system there would be no federal reserve to manipulate interest rates. One central institution cannot know what the price of anything, including money, should be. Mises explains this through the Economic Calculation Problem. When rates are artificially low, it leads to artificial booms like we've seen in the housing market. "The Skyscraper Curse" is a book that walks through the relationship between interest rates and construction. Furthermore, in an honest money system, there would be no fractional reserve lending, I.E. banks couldn't lend investment firms money that doesn't exist, meaning they have less ability to buy property in massive swaths. An honest money system would also mean no bailouts, meaning banks and investment buyers have to take much greater caution in what they buy. No one should be "too big to fail". The government should also eliminate property taxes which are nothing more than a punishment on those who want to own where they live instead of renting it from someone else. You can argue property taxes are such a small factor in the scheme of things, but why penalize property owners for owning property. The government already taxes people on their income... There's also so many legal instruments like 1031 exchanges that make property uniquely lucrative as an investment rather than a place to live that cause these distortions, but I'm not an expert on all the codes and legal loopholes involved in the real estate world. If you want the price of property to behave like the prices of other things, the tax and legal codes around it have to act like those for other things as well. Some additional food for thought: To me it's not a coincidence that America has become obsessed with real estate price because the largest voting block (boomer generation) are also the largest owners of property. Naturally those with the largest voting influence are going to push the system in a direction that favors their interests. Or at the very least, politicians have an incentive to keep that voting block happy by keeping their assets and in many cases, retirement secure. That's the nature of the voting system. Hope this comes off as answering the questions people have and not as confrontational.
    2
  57286. They know exactly what they are doing. Collapsing the dollar/economy so they (nwo/wef) can enact the programmable cbdc. Cause the crisis, manage the result. Worked for Hitler and Lenin. (Vlad not John).
    2
  57287. great vid.again your spot on
    2
  57288. If I were LEASING a car it sure wouldn't be their top of the line, it would be the cheapest one they had... especially since you don't go anywhere ($50/mo on gas). That's a really bad financial move IMO.
    2
  57289. The new norm will be around 5%. and that is with good credit. 5.5- 6.5% for those with average or less credit. We will never see 3.0-3.5 again... that is a thing of the past.
    2
  57290. Michael, concrete home weighing way more than wood home, I would think that weight difference could unsettle barrier FL islands and any types of soft soil areas. What's your thoughts?
    2
  57291. We are already in a recession But DON’T we have a labor shortage?! Laid-off white collars can just work in blue collar jobs, but will that keep their homes?
    2
  57292.  @MichaelBordenaro  The demand is there. Businesses will have to raise wages to attract more labors, unless they hire the inflowing illegal border crossers.
    2
  57293. I am waiting for a condo crash. As they are so expensive now.
    2
  57294. Michael what do you think about those that say we've hit peak inflation and deflation will be the main problem in 2023?
    2
  57295. good story Michael
    2
  57296. Thanks, y'all! I've seen a lot of listings in Golden Gate estates - I'll give them a more serious look. :)
    2
  57297. Another nice video Mike. Have you always worked in real estate down there since moving to FL from IL? Is the wife a real estate agent too? Ever make over $100k in one year in FL? I think the cost of living down there will depend specifically on the part of FL somebody moves to. As anywhere else, everybody will want their kind of quality of life too. 👌🏻
    2
  57298. Awesome Video!
    2
  57299. Here we go again. Staring reality in the face. 😂
    2
  57300. Thumbs up!
    2
  57301. They are admitting it, but nothing will be done about it.
    2
  57302. Bravo!👏
    2
  57303. What's the purpose of mortgage insurance if it don't protect the buyer in case of default
    2
  57304. Michael, ALL of the numbers being reported are bogus. You know it and have been saying it. Mass layoffs, small businesses failing yet unemployment is down? Inflation is only 5% yet food, fuel, utilities, etc, are up well over 12%. That's not in the 'numbers' so it looks better. Keep on telling the facts, maybe it will get through to more people that they are being lied to. Plus your integrity is the most valuable thing you have.
    2
  57305. Florida is not a place for people who are poor or middle class because the wages are very low and the notes being posted on the doors of rentals are notices that the rent is increasing by $500 that year. And then the next year you get another note on the door that it is increasing by another $500. And then the next year... (yeah, you get what I am saying here)
    2
  57306. Wish i could live in Florida..
    2
  57307. What about HOA fee ? 10K a month ?
    2
  57308. Lizard on the wall at 3:32 😆
    2
  57309. It's not just Florida. I just got a 44%e renewal notice here in Colorado from safeco. Bla bla bla, they declared colorado a high risk state (fire and hail). I disagree, they are trying to makeup on their bond losses on reserves. Same as what happened to the banks. Apparently, our state legislature is trying to form a state captive program. Won't work, just like erything else the gov gets involved In.
    2
  57310. Oh you are correct it is a game you’re right it is it’s a money game
    2
  57311. Property values in most parts of Florida are going to go back down BELOW PRE PANDEMIC levels .. Brace for it !!! The crazy behaviour days of FREE MONEY are over …
    2
  57312.  @MichaelBordenaro  agree. Even now some play that game blaming Biden for this like Trump didn’t start the money printing or the Feds ignored inflation last summer Both parties FAILED the American people. I no longer pick political sides. I look at candidates. I want the best president for America. I guess I m independent nowadays lol been like that for 2 cycles now. I didn’t vote for Trump and I didn’t vote for Biden I didn’t like any candidates
    2
  57313.  @MichaelBordenaro  🙌🏽 probably why I follow you. You are a human lol not a fkn democrat or Republican or a realtor. You are a HUMAN FIRST Thanks for being who you are. Once I m down in the area maybe we can grab a beer together. Would be awesome
    2
  57314.  @MichaelBordenaro  I got you. Beers on me. If you don’t mind send me a message on Instagram under same name
    2
  57315. Greed is a ugly demon. Why would anyone pay millions for a simple home. I am looking now but with caution.
    2
  57316. 💗💐🤩👍
    2
  57317. New subscriber. Thanks for the up-to-the-minute content on the real estate market. You’ve given me a ray of hope that I can still be a homeowner one day in these crazy times.
    2
  57318. Very educational video on buying and selling real estate!! Thank you.
    2
  57319. First 🥇🏆🥇
    2
  57320. Michael like your take, Only complaint showing all the great areas on your walk.
    2
  57321. That "war" in Israel has been going on for decades. For some reason tho it has attracted attention recently. On October 14 was when I first learned of it because there was a pro-Palestine rally in Seattle that I happened across when I was out to get groceries. The UN is being looked at by people to do something about it.
    2
  57322. Florida can't fail? I live here. I love it!
    2
  57323. Great video!!!
    2
  57324. Rates rose for 10 years in the past, this time it could be different, i doubt that.
    2
  57325. That house should sell for $800,000. Maybe it isn’t renovated as nicely inside as the house that went for 1.1 million. Maybe the realator is unavailable or hard to work with. I think empty properties should be listed at market rate after maybe three months or be given double taxes.
    2
  57326. Thanks!
    2
  57327. Thank you for the video Michael 👍🏿🔥🙏🏿
    2
  57328. Only with nuclear electric power do electric cars pollute less than gas cars!
    2
  57329. DIY
    2
  57330. Michael, You make the best and most informative videos on real estate on YouTube! Martin K - Schaumburg IL
    2
  57331. Name of apartments? Are they rentable?
    2
  57332. Shopping in supermarkets in the UK you use a hand scanner as you add items to your basket. Tech wise Europe is more advanced than the Americas.
    2
  57333.  @MichaelBordenaro  Can they do that? A lot of waterways have rules about time at anchor and an inspection policy.
    2
  57334. Nice neighborhood, beautiful day.
    2
  57335. What type of homes will sell and reduce price? Because once this seller sells and wants to buy again they will also be on the other side too exposed to higher loan interest rates as well. Some homebuyers are pulling out of the mark if they can't get their asking price. Not all real estate will crash everywhere at the same time. And inflation and interest rates keep hiking with every passing day.
    2
  57336. Its not too dark it looks super nice in the background, I appreciate the beach walk 😊
    2
  57337. 😂🙈😂
    2
  57338. Real person is Original and always different
    2
  57339. 100k signing bonus isn't that much when you consider that guy gave up another job to work for that lending company and now they fired him. He likely can't get the old job back in this market. How many companies gave millions in bonuses early 2008 before the market crash happened and they got to keep it even after bankruptcy. AIG got a bailout by the government billions of dollars and still paid out bonuses to high level workers. ooh Congrats on 100k subs!
    2
  57340. Taxation is extortion.
    2
  57341.  @MichaelBordenaro  wow thanks 🥰
    2
  57342. If that guy owns a Pretzel shop, he owns a bakery...
    2
  57343.  @MichaelBordenaro  I, for some reason, like seeing date and time.
    2
  57344. No thank you, give me a little house by a lake! because even the ocean waters are rising, that’s another story😫😫 but no thank you to high-rise condos !
    2
  57345. I was raised in Illinois and you missed the blizzard of 1967 and I was 3 and remember it. You missed the blizzard of 1979 and I was 15. In 1985 it was a negative 82 degrees below zero. I was 21 and working in a pizza place. I miss firewood smell too
    2
  57346. Too many expect hand outs & debt forgiveness. A generation doesnt want to work. Ask any business. Difficult to find relisble employees willing to accept positions below there expectations. Still living at home!
    2
  57347.  @MichaelBordenaro  You had a similar circumstance. Oh well I'll be there next weekend. Thanks Michael...Take Care
    2
  57348. Boy Scouts 💪you make Eagle ?
    2
  57349. This is being shot on an iphone? Quality is incredible.
    2
  57350. Thank you for this video! The desire is burning but logical plans will always make more sense. I’ll see a space of my own soon enough. ☺️💜
    2
  57351. Just checked Zillow. Prices still climbing in Brevard county Florida : (
    2
  57352. Hey Michael, is Youtube a good side hustle?
    2
  57353. I’ll buy an EV when they are cheap enough, just to have to drive around town and to work. It will sit in my driveway while my F150 Raptor R sits in the garage
    2
  57354.  @MichaelBordenaro  yea long trips are a no go for an EV. I drive from Sacramento CA to Boise every few months and will see EVs sitting on the side of the road where there are long stretches of road with no services around….
    2
  57355. Your home is a place to live I can't understand how people go into credit card debt and the reason was why did use the card get an extra job and do not go out for dinner or entertainment let's here it for Starbucks
    2
  57356. Golfed yesterday with 3 Canadians here in Arizona. None of them had mortgages on their homes and they also had the frugal and Thrifty mindset. I beat them all at golf...but then I'm always wonderful! Timmy C Arizona
    2
  57357. Which real estate company or REIT own those condos?
    2
  57358. Ocala, FL is sooo overpriced
    2
  57359. Good advice 👍
    2
  57360. Where are you in Dade? So nice to still see some beautiful original homes standing after this housing boom. Developers are destroying the character of our neighborhoods with the sugar cube homes 🤮
    2
  57361. Sellers disclosure
    2
  57362. Hello Young Man! Another great video. We are considering to pick up another unit in our building in Boca but are sitting tight waiting for a reasonable deal. In March 2021 we did buy a another 2B2B for 800, now they are asking is 1.2. Still have to make money and that price point is under 1M. IMO anyone looking to buy should hang tight. Love Florida ❤
    2
  57363. Will give you our -31 this morning from Canada
    2
  57364. Just don't buy at a peak market price. You can get trapped imo. Probably better off renting right now until the next housing crash comes, then buy
    2
  57365. We went thru there on the way to Tarpon Springs. The old town area was a hopping with people. Looked cute.
    2
  57366. Dude my house is bigger and I have a half acre and only payed 220.
    2
  57367. Government have zones for every inch of land. A residential home is not a business. If it is being used as a business then it should be zoned for that. Plus it should be taxed and regulated just like a hotel. Also, the owners need to also report any employees they hire for tax purposes such as cleaners, landscapers etc.
    2
  57368. What if the stock market just collapses one day…. And goes under
    2
  57369. Did you go to Mileys new years party?
    2
  57370. Everyone is faking it, miserable and in debt. Be Grateful! for what you have. Sacrifice today for tomorrow's betterment instead of stealing from your future. One of your best videos to date thank you.
    2
  57371. Yes, a video on predatory lending would be great.
    2
  57372. Sounds like good news for buyers. 🤙🏽🌴🇺🇸🇺🇸
    2
  57373.  @MichaelBordenaro  I think you both resemble each other. He could be your older brother. 😆
    2
  57374. I’m doing renovations here in Miami and I’m currently gutting (2) million dollar homes and installing some simple new finishes before they move in. Not my house, just doing the work. I have a ton more in the hopper. For what it’s worth in regard to rentals, it took me 2 full months to find a place to rent this April. We’re overpaying and it’s a corporate owned house. This rental market has got to cool eventually.
    2
  57375. I'm fro New York and I would not move to east coast florida. Too many New Yorkers there. I rather move to West coast florida. I'm considering Tampa or St. Petersburg.
    2
  57376. hell on earth has arrived.
    2
  57377. you should tell CHFA up here in Connecticut that....... mortgage applications are at a 30 year low, their status page keeps on growing for how many days they are behind underwriting loans that they received......
    2
  57378. I can't understand why people would think that the stimulus money or the $300 weekly plus the $275 weekly unemployed payments people in Florida were receiving would allow them to buy a house. Florida's unemployment benefits are the lowest in the entire country and ends in 12 week. Take away the feds $300. Is $275 per week enough for some to live on?
    2
  57379. $575 per week times 52 = $29,900 yes that might be a downpayment on some sort of a house, but how are they going to pay for it if they are not working. also people who are in low paying jobs don't have money left over after paying their bills to save. Florida's wage is $8.65 per hour.
    2
  57380. I hope you enjoyed your Culver’s cheeseburger. It must be tough not having many Culver’s near you. I’m from Illinois so we have plenty here. Another informative video Michael.
    2
  57381. The salaried worker increase is currently being challenged legally.
    2
  57382. Do you know how popular construction jobs are there? and where would the cheapest apartments be?
    2
  57383. People have no clue what inflation will do to their little 401k plans... they pretty much have NOTHING! Trickle Down Economics has destroyed this country... Thanks Reagan! Special mention to Greenspan, Bernanke, etc...
    2
  57384. I think it will be long slow down hill slide into 2025. I have approval for a mortgage, I don't want to take it as 70% of repayment go to the bank in interest. I will never pay it off!
    2
  57385. They want people to keep paying all this money up front in vain. Think of how many people pay these fees and what they get away with. For instance, even on homes now if it had an inspection done then that inspection should be good for the house and should be passed down for all the potential buyers but they make people keep paying for inspections over and over again so that people keep spending large amounts of money when they shouldnt be and just like the seller lawsuite with the NAR these inspector people just keep raking in the money. There should much better regulating laws for all this stuff. The world is screwed up in all these ways and then these people act like they are hard workers when they are just raping people for almost nothing. Its so unjust and so corrupt.
    2
  57386. Excellent analysis with facts! One of the best real estate YouTubers.
    2
  57387. Congratulations on 100K!!
    2
  57388. New buyers may not know about home warranties and inspections without the guidance of a realtor.
    2
  57389. “Buy real estate, buy real estate, no money down, cash out the equity and buy more real estate, it’s called leverage! “ lmao tides rising and their holding anchors for all those who fell for that “path to wealth”
    2
  57390. looking good bro
    2
  57391. Thanks for this one, get back to basics
    2
  57392. Micheal Why do you go by what redfin, zillow, etc says. They place a value on a house they have never seen before. I sold one that later got flooded, destryed the trees, and the roof, yet the price only went up. Good luck getting what they say it is worth. Can you do a video on the lawsuits against the National Realtors Association? In my opinion they shouldn't charge the seller for the buyers fees. They have the seller over a barrel, either pay say 5% or sell it yourself. Another video about the banking system might help. What is really going on? Thanks. Watch your videos a lot.
    2
  57393. That kind of income they could rent for a few yrs and pay cash for a home. But then they have the cc debt the BMW the nightly restaurant dinners etc etc
    2
  57394. Your videos and insight is awesome, please make a video and share your analysis on houses being bought and inventory of offerpad and opendoor kind companies
    2
  57395. Thank you again for your input. 👍🏻.
    2
  57396. The housing market hasn't even started to tank yet..... you're only going to need half of the housing three years from now because the population is going to be reduced by about two-thirds
    2
  57397. How to move forward? Multiple generations of a family living under the same roof. Live with your parents while you’re a young adult and live with your kids when you are old.
    2
  57398. It’s all by design Mike. They want us to fail. They are creating the problem and will happily provide the destructive solution. The sheep are being led to the slaughter
    2
  57399. Everyone saying that the market bottomed out and only way is up is listening to these banks and hedgefunds that are currently in hot water. They want you to buy a house so you can hold the bag when the market crashes. Stop listening to banks, hedgefunds and really main stream media. They are all in bed with each other. Start looking at the actual numbers and get educated on what's going on in the market. If you understood what happened in 08 and learned what went on then you'll be better off in the coming years. Good luck everyone.
    2
  57400. You are telling the truth the housing market is turned around we are sellers and buyers we bought the new property first to make sure we got what we wanted and then we decided to sell our property we got half of the appraisal price but we're happy
    2
  57401. 👍💐
    2
  57402. No matter what side you are on you can always cherry pick information to support your narrative.
    2
  57403. 🙄 it's a joke
    2
  57404.  @MichaelBordenaro  it is. Ant Man is ultra kool. Your his twin lol.
    2
  57405. A friend of mine is a RE agent in Miami. He just posted an article a few days ago saying that South Florida home sales have fallen by over 50%.
    2
  57406. which areas of Florida have to follow the strict 40-year-old inspection on buildings? how much do you think on average that would increase the HOAs for those buildings, or what do you think the surprise bill would be for a resident in one of those buildings to cover for the 40-year-old inspection?
    2
  57407. Good one, Michael!
    2
  57408. Water! We are getting rain here at high mountain desert forest plateau hideout NM. Storage tanks are full ready for more gardening. I sold homes for Centex back in the day and the homes were excellent. Very good builders with warranty. Bought out by Pulte Homes. Inspectors are the issue. Go after their bonds!
    2
  57409. Great video 😁😎
    2
  57410. I found you and started watching your videos before my trip to Florida this February. This was such a heart felt video. Very authentic. If I was in your situation I would be scared and would probably have a hard time sleeping!!!!....though my goal would be as you said to live each day fully. I almost lost my life several years ago and I am so grateful for every day. Life is so precious, and so so fragile! I can't wait to visit your beautiful state again. I fell in total love with Florida and actually cried when I left. Be blessed 🙌
    2
  57411.  @MichaelBordenaro  You're a beautiful soul. I agree with your decision....everyone deserves to know the risks. Stay true! Hugs
    2
  57412. Like in the 80 dirty money ,foreign money and speculators are paying for that let it crash
    2
  57413. It has been pretty empty than usual (before lockdown on March) and a lot of stores and restaurants went out of business 😞
    2
  57414. 900$ a foot for a 1600sf house built in 1950 is insane. Wife said today she wanted to move out of Florida to Montana.
    2
  57415. thank you! You saved me the drive today.
    2
  57416. Apmex has a lot of customer issues . Dont u open them bring to dealer make sure they r real? I'm so fearful of that part. Or check see scratches etc?
    2
  57417. Nice video!! Great job, thanks!
    2
  57418. Really powerful video Michael I apricate all your hard work...
    2
  57419. Everything I heard on the housing market is from your channel, now you said is all wrong 😆
    2
  57420.  @MichaelBordenaro  I know I know, 😀
    2
  57421.  @MichaelBordenaro  Agree especially with number 2. You're seeing REO's and pre-forclosers. That were either corporate rentals or owned by corporations. People on the higher end and luxury side of real estate. Look at these type of homes as liabilities they need to get rid of instead of assets to hold.
    2
  57422. I believe you two gentlemen are right, the pendulum is going to swing after the midterm elections. The smoke and mirrors that they have been using will turn into a reality check.
    2
  57423. More space more of your own space... priceless
    2
  57424. Looking Good! Thank you for braving the weather and showing us live pictures. I have family in Vero and Tampa. Tampa has avoided a direct hit for close to 100 years and it is believed it is due to some mounds created by Indigenous people.
    2
  57425. The fact that student loan payments haven't resumed after over 3 YEARS after the start of Covid is unbelievably disgusting. Tens of millions of people spending money on things, driving inflation up even more while they owe money, waiting for the taxpayers to pay a portion of their debt.
    2
  57426. Hello Michael thanks for the tour of this lovely town it’s the best IMO that you have visited. The man reason I follow you is your excellent walking tours I’ve learned so much about your country through you. Best Regards to both of you.
    2
  57427. I’ve noticed you forgot to mention properly taxes, could you touch up on the subject please! Jk jk 😂
    2
  57428.  @MichaelBordenaro  Like you said..save money first. Come down with at least enough funds for 6..8 months of rent, food, utilities and other essentials. You can always find an affordable short term rental. Also the electric company will ask for a refundable deposit if you never had an account with that company.
    2
  57429. Dude, grew up in Sonoma County, you’re like on my home turf bro! ❤
    2
  57430. 5:59 "underground handshakes" 🤣🤣🤣🤣🤣🤣
    2
  57431. I’m a Canadian citizen but I wanna move to California because that’s where my boyfriend lives but I need to apple for a Visa card and all of that. I currently have $5000 saved how much money what I need to have saved?
    2
  57432. I’m originally from the Baltimore, MD area, and have lived in New Mexico for going on 9 years. I like the drier air out here and the weather, but kind of miss dense tree and grass growth. I visited Colorado a few months ago to get a taste of it, and I’m pretty stoked to get myself out there. It was like my east coast home minus the humidity! Perfection. Mountains everywhere just like NM, but much more beautiful in my eyes.
    2
  57433. I’m from Louisville and really want to move to Florida it’s my dream to live there and I have a family I have experience with hotel maintenance and plumbing work but I don’t know how to start or rent a place to move in 😔
    2
  57434. hey michael! i am moving to either tampa or st pete. i went to tampa last week & lamded a job. back in md now getting things situated. i start on 8/9. soo excited. i am 53 & i need a change & new start. Loved my time in Tampa last week & going to make florida my new residence❤ lots of swimming & volleyball
    2
  57435. There’s a house on my street that’s been on the market for 200 days. Original listing was 725 K and now listed for 690 K. Looks they finally got an offer and are accepting backups. I guess in case the offer falls through.
    2
  57436. Lancaster County, PA is still unaffordable 😔
    2
  57437. Glad I found you
    2
  57438. Wait until 2025 when many experts predicted back in 2018 will be the bottom of the 2023 housing Bubble.
    2
  57439. 50% is about right for Groceries! I don't see a rate cut?
    2
  57440. I’m not sure how to say this but the reason AirBnB is in trouble is because the big hotels and casinos simply paid more graft money to politicians (who dutifully wrote the regulations to exclude AirBnBs and make them go out of business). AirBnB was once allied to Big Government, disallowing certain political persuasions from using their services and now…and now…they’re being put out of business by the same people they went to bed with. The irony is delicious.
    2
  57441. good video homie
    2
  57442. I wish I could be a snow bird
    2
  57443. Property tax on a 2 million dollar property is in unn affordable '
    2
  57444. When people think about real estate in Florida, they are usually thinking about the east coast or Orlando. That's a mistake. The area north of Tampa is where you should be looking at for long term gains and market stability. I bought here 10 years ago for $85k and now it's worth around $400k without an HOA.😊😊😊
    2
  57445. Regarding EV's, it's true that there will be growning pains during the transition. But as the battery technology improves in terms of functionality and cost and as the infrastructure becomes more robust, I believe some day we'll look back without any regrets. The demand for most EVs is high and therefore the Inflation Bill EV credit is not really necessary. The part of the bill about domestication of the EV supply chain is probably the good part of the bill.
    2
  57446. Never mind. You just answered my question 😂😂
    2
  57447. Close em all down. Fine by me. I use Chime. But back in the day- the early 80's I was living in Westwood CA. My bank was in the lobby of the Occidental Petroleum building. The coolest bank lobby I've ever seen. Epic experience just to make a deposit.
    2
  57448. All the government monthly numbers are bogus, all deceptions.
    2
  57449. Good time to make agressive offers on investment properties. I just got my last flip under contract. Break even and then just buy and holds.
    2
  57450. I live in Big Sur in the central coast of CA and have the big redwood trees, mountains and the ocean.
    2
  57451. I've had my eyes on this place for the last couple years.
    2
  57452. Thanks for the update!
    2
  57453. Same for me too but I’ve always wanted to try it!
    2
  57454. I was born in NW Indiana, one hour from Chicago. You will be much happier in Florida! You can say goodbye to Lake Effect Snow, long winters, and the cold. I'm in Jacksonville. I love that we don't have snow or ice or bitter cold. Jacksonville is very mild. Bear in mind that people's definition of HOT varies widely. People in Chicago and NYC think 82 is too hot. This is the south, it gets warm for sure. But as long as you have an open mind, A/C in your vehicle, and central heat and air in your home, you're going to love it. Our utility company is nonprofit so you will save on keeping cool. Nearly every home has a fireplace which is often enough to warm your house when it gets chilly. After a couple of years living in NC, our insurance dropped significantly after becoming Florida residents. Come visit the Jacksonville-St. Augustine area. Venture a bit west and south. You'll know where to move. Michael is right, have a game plan. Base your residence location on where you work and on your lifestyle. Avoid the coastal areas to save on homeowner's insurance and flood insurance, avoid living too close to the highway for more peace, and avoid HOA residences to save on fees, drama, and ridiculous rules. I will never understand why people pay money to jerks that enforce dumb rules like not displaying the American flag, no colored curtains or blinds, no Christmas decorations, and needing written authorization to replace your front door.
    2
  57455. what you forgot to mention, the suit and tie you are able to buy back then with a oz of gold was a fine bespoke (made and tailored just for you) and not some cheap $400 suit lol.
    2
  57456. Quote of the year! " And their taste is actually horrible, and no one will actually like it" lmao
    2
  57457. Thankyou.
    2
  57458. great content buddy you nailed it 👍👍👍
    2
  57459. Mobile homes are like cars, the value decreases as soon as you drive it off the lot.
    2
  57460. Staying the hell out anyway. Even it it bottoms ownership costs too much and I am far too old to landlord. If I did landlord I would stay the heck out of the major metros where regulations and the courts are out to get landlords. It would have to pencil out even with management company fees and a hefty reserve for doing battle with some sloppy mooch. Did I say THAT? You bet your ass. I represent landlords and have seen just about everything. Greed, obnoxious conduct, hoarding, drugs... see it every day. Edited for spelling.
    2
  57461. 12 acres in Miami. Costs what ! ?
    2
  57462.  @MichaelBordenaro  thanks for responding.. I appreciate what you do. … sir ..
    2
  57463. Hey Michael, how did you land such a fine lady? Well done player.
    2
  57464. Ever get over to Coconut Grove or Coral Gables?
    2
  57465. AS ALWAYS, EXCELLENT CONTENT AND ANALYSIS. THANK YOU MICHAEL. BLESSINGS 🙏 TO ALL.
    2
  57466. So, Don't skip the ad's!! lol...Renters pay Owners....Owners pay themselves!! aka mortgage principle!! 🙀
    2
  57467. 25% of the real estate purchased since the pandemic was by REIT’s.
    2
  57468. Great video Michael! I agree and find it hard to believe that the feds will be lowering rates. Banks will lobby Joe to stimulate the crap out of the economy again probably giving out child support checks out to the masses or something.. ”This will spark the economy!” The’ll say. We know it only digs taxpayers and the US deeper into debt.. by the way check out gold today $1997?? That is telling..
    2
  57469. If the government would take away taxes, he would have that extra money every month. No more taxes!
    2
  57470. I saw this 18 months ago in so paid off debt and last payment is next month. The mortgage has risen by $600 a month, but because i have rid myself of other debts i can afford the rise
    2
  57471. A lot of that money is gone and they don't have any savings. The ex employees will just BK after the judgement.
    2
  57472. Michael, can you recommend an rental agent in Hollywood or Dania Beach? Moving to Fl in early June.
    2
  57473. SS is one step worse than a Ponzi scheme, because in a Ponzi scheme, the schemers at least have collected some money from investors before paying out the first dollar. When SS started all those years ago, it paid full benefits to those of retirement age before the program ever collected a dime. There was no reserve to draw from; it simply created a massive and growing deficit from day one. On the bright side, there will be no negative consequences for anyone… among the crooked politicians who have allowed this happen for all of these decades. For starters, most of them are already dead, and there is no accountability in politics, regardless. When there is a price to pay for government stupidity, the one thing you can be sure of as much as you are of death and taxes, is that American citizens will be the ones to pay it.
    2
  57474. Yes, Michael, the Fed should keep the rates where they are because banks loaned money to large commercial real estate, and the bank got scammed because those properties are worth about half of what they were. Now, they're putting the squeeze on retail consumers. One of the crazy parts of the US economy is that banks and Wall Street constantly hound the Federal Reserve to make cheap money available by cutting the interest rate. Then, when the Fed does that, the banks and Wall Street grossly abuse the privilege EVERY TIME! Resulting EVERY TIME in a disaster. And the Fed never says, "Look what happened the last time you morons got cheap money! Why would we ever cut the interest rate again?!" For over one hundred years, the robber barons, through the Fed, have looted the middle class and working poor to fund their hubris and globalist agendas.
    2
  57475. All these delinquent property tax property values doubled or tripled within the past 4 years. Why would anyone buy and pay a hefty property tax? I bet the value of these homes will go back to where it was pre-pandemic in a few years.
    2
  57476. Hi Michael. Do you have a website besides YouTube?
    2
  57477. Haven't even watched the full video but the title is ABSOLUTELY the truth
    2
  57478. who cares what's the median price in a small town in Nebraska , in the east and west there is house shortage and they are selling of the market in no time. btw homes 1M+ in most of califnoria is just normal, its the lower end of price range. In my area home prices up 25% yoy per Redfin. it's just crazy out here. Bidding wars have started again.
    2
  57479. All these greedy i buyers and new investors were all trying to get in on the cash grab boom!!!
    2
  57480. Congrads Michael on the 300k. been watching you at just around 1000. You deserve it. Love your channel. And agree with most everything you say. 👍 Keep up the good work! 🥳
    2
  57481. Wait another month for another $10k price cut on the rent ?
    2
  57482. homes still cost too much , here cali crazy high
    2
  57483. I had a 10% mortgage in the 80's, don't think it can't happen again. Look at the average interest rate for the last 100 years.
    2
  57484. 17:44 ❤❤❤❤❤❤
    2
  57485. A house on my street sold 3 months ago....they made no improvements... it's back on the market for over 100k more than 3 months ago. Who in their right mind would overpay on a house like this?
    2
  57486. This man is 35? Bro I thought you were a suave 40? It has to be the hair.
    2
  57487. Everyone who buys a house today will see in one year that house is worth a lot less. 2023 worldwide recession. Rates are a lot higher than two years ago. Most stocks have dropped over 30% over the last 7 months. First time home mortgage applications have fallen off the cliff. Yes 100% for sure most home prices will drop over the next year.
    2
  57488. No none of that money comes back to the tax payers, it goes to the Justice Dept. to do with it as they Please.
    2
  57489. I did not know about where the phrase "American dream" comes from!, thanks for teaching something new every day!. Love your channel bro, it's relaxing seeing you walk and talk about these topics. Keep it up!
    2
  57490. Welcome to Cali!😊
    2
  57491. Sunglasses? Whatever you're feeling, dude. :hand-purple-blue-peace:
    2
  57492. So interesting that you made this video, Michael, showing the Champlain Towers. I was gonna suggest that you contact Nick Johnson for a collaboration and send him the video you made of Champlain Towers a while back. Then I started watching this video and see that you are featuring it again. Good video and important information. Thanks, as always!
    2
  57493. Hi Michael good one as usual . Im seeing lots of price cuts around the Raleigh area lately. Although prices still too high!
    2
  57494. Hey Michael! 🌴🌴🍀🌴🌴🌴🌴🌴🌴
    2
  57495. Michael, California beckons you!
    2
  57496. STUDENT LOAN QUESTION: I'm curious. How do you feel about the IDR Plans? They allow a lesser payment but the interest is still figured the same. So, if you can't pay the full amount of interest every month, they add it back into the loan. Then the next month it's the same thing. Over time, that loan increases instead of decreases. Is that predatory? I graduated Webster University in 1998. Started paying on my loan in 1999. I've been paying for 23 years now. I had no idea this is how they figured the interest. I grew up blue collar. First person in my family to graduate from college. Little to no financing knowledge. I thought I was doing everything right. My loan started at $40,000. My loan is now $152,000. I had no idea that payment plan was such a bad idea but I didn't have any other option either. I could go into default or take the IDR plan. That's the only two options I had. I've never expected anything for free. I just wanted my loan to be restructured. With 23 years of payments, I've already paid the $40,000 back AND THEN SOME. I worked 2 jobs. Got roommates. Are IDR Plans predatory? Shouldn't they be illegal?
    2
  57497.  @MichaelBordenaro  sweet
    2
  57498. What's the point of home insurance if they Just deny anything big anyway. It's like health insurance car insurance product insurance .......... We throw away so much money on straight fraud just like the government. 😂😢
    2
  57499. Great video, with some great information that seems to be the real reality of how it is.
    2
  57500. It's so obvious now-- we all know deep in our gut if Trump doesn't get in there on November 5th, practically every store chain in this red white and blue nation is going to have more trouble and closures. It's as simple as that. Anyone with any logic in their Noggin will agree.
    2
  57501. Michael Bordenaro thanks !
    2
  57502. One of those benefits of the higher purchase price (low interest) is no worries of any quicky hands trying to "steal" your house. Like in any lawsuits against you or those SCAMS I heard of people selling your house without you knowing
    2
  57503. GOOD BY, GOLDEN CORAL, HELLO SOUP KITCHEN.
    2
  57504. Thanks for sharing these thoughts Michael :)
    2
  57505. 14000 viewers makes 3000 a month you have 8 times more so you are pulling in at least 24,000 a month. Welcome to the big leagues.
    2
  57506. Thanks for the good video..
    2
  57507. stock piling cash -- as in the bank...or "under the mattress"....I have seen the bank runs in other countries and just saw issues with B of A....and a Bank in jacksonville...mmmm...
    2
  57508. Michael we've been watching your videos for a few months. This one is exactly what we are doing. We sold our home of 17 years with 5 acres in Idaho, kids are gone and I'm retired. We don't know where we want to be yet so we're living in our RV using our Thousand Trails membership to tour around at no cost with no bills other than fuel, food, internet, insurance, and a storage unit. Our house appreciated over 320% and we banked it to buy in a year or two. No rush to buy for us. Thanks for the helpful info.
    2
  57509. Who videos you? Are they walking backwards? Looks like you are going so fast!
    2
  57510. We are not In Kansas anymore!! 😕 This is a serious downward cycle and no matter how many cycles we have seen we haven’t seen anything like this one !! 🤔
    2
  57511. People need to be pro-active AGAINST electronic spying; it means biting the bullet and ridding yourselves of constant smart phone use, Facebook, Twitter, etc., Alexa, and all the dopey apps they carry around in their pockets every minute of the day! Otherwise put up with the consequences!
    2
  57512.  @MichaelBordenaro  It's a noticeable difference. I suppose running a channel is constant learning curve! Cheers.
    2
  57513. Yeah, the bank will lend money to anybody who doesn't need it. I have not even thought that phrase since about 2007. These reality checks are free wisdom.
    2
  57514. good luck buddy
    2
  57515. It's your signature looks😊
    2
  57516. if you live in realsville then you would admit that in 2 months banks are not healthy enough to be offering 30 year loans for under 5%. banks are bankrupt so no they dont have money or interest in your 30 year little house that you cant afford
    2
  57517. My husband and I have been hoping to sell our home in Charleston SC and move to the Orlando area, but you've given some good food for thought. We're in a comfortable place now and I do worry about getting burned when it comes to buying.
    2
  57518. You cannot defund the police without replacing them with something else.
    2
  57519. Where are all the people?Beaches with virtually nobody.
    2
  57520. I have lived in Florida most of my life and the biggest con is Miami
    2
  57521. Want to see a recession......look at Argentina.....
    2
  57522. Thanks Michael 👍
    2
  57523. Good report
    2
  57524. Powell is bluffing. There won't be any more rate hikes. Hold steady in 2023. 2024 cuts....election year.
    2
  57525. I like drawing analogies. Think of the Powerball box with the little white numbered balls flying around. This market has so many "variables" flying around, it's historic. The air flow feeding the box is starting to slow down, but I think there are forces at work behind the curtain keeping the air flow up. I just wish somebody could just take an axe and cut the airline in two, and let the chips, or balls fall where they may. Like I wrote earlier, hello fifth wheel Mr. B..
    2
  57526. We are living in a false economy Don't believe those numbers up there a lot of lot of people are hurting the average class in the below average class really hurting and it's getting worse as far as electric cars that's the thing way way ahead in the future You can't get an electric car today The battery's way a lot There's very few charging stations The shell of the car is not worth too much It's all about the batteriesPeople are getting wise they're not buying these electric cars People that live in Condos apartment buildings that don't have garages or it's very hard for them to Charge the batteries It's a thing of the future But not in the next 20 years
    2
  57527. my landlord just doubled my rent
    2
  57528. Boy Michael I hate seeing you so negative on agents. For someone who’s been doing real estate for a long time you know the agents who use those tactics don’t last very long in the industry. I know people say all sorts of things but tend to believe giving honest advice is the route to longevity
    2
  57529. If you ever decide change careers and become a rapper you must use the stage name MB$ 😂
    2
  57530. Some people started to do the tiny home thing, and they banned them. It's incredible how government wants to keep everyone poor and dependent....and the moment that someone achieves independence they try and take it away. Today's government is tyranny
    2
  57531. oh first
    2
  57532. Your wife, you said no marriage . Happy birthday !!
    2
  57533. No one needs a 2mill. House.
    2
  57534. I don't trust the banks and wouldn't trust the fictionalized real estate programs. Just sounds like a time share and those are rip offs because they are impossible to sell.
    2
  57535. You can be "dead right" or "dead wrong" but you're still dead!
    2
  57536. Interesting info, thank you
    2
  57537. I like your stuff, but would prefer a shorter format. 10 Min?
    2
  57538. Thank you for sharing another great video!
    2
  57539. sip5257 needs to dump his gf and sell some of the cars
    2
  57540. I’m new to you’re you tube channel and have been watching a lot of your video and am so glad you are making them. They are very informative and positive and encouraging as well. My husband and I are in our 50s from cold dreary Michigan and are seriously looking to move to Fl so glad to be Anne to learn about it more with videos like yours so thank you!
    2
  57541. Thank you Michael for your video honesty 🙏🙂
    2
  57542. I’ve seen homes in Vancouver Washington past month go down $$$ like reduced prices and then re listen for higher price $$ which don’t makes sense. Do you think house prices will go down in Vancouver, Washington or no it’ll just stay steady price how it is now.
    2
  57543. I don't believe that Ron disants is going to kick anything down the road and easy.Only one who has the power to change the rules. When the condo collapsed and a 100 people died, there is no going back.We have to mobilize all the st.Akehothere's to make sure that something like that doesn't happen again. If political leadership means anything and I believe those empower don't want to have that happen on their watch now that they've seen.What happens if you neglect the problem. The buildings will be condemned and the people will move out and they will be leveled and new buildings will be put in their place. They have a fifty year lifespan if you're lucky especially if you're right on the water.
    2
  57544. As for California politics, it's always been a progressive state and probably always will be. Most voters there (at least in the large cities) are comfortable with its politics and are far removed from the business, car, and motorcycle enthusiasts. Hence, more restrictive laws get passed.
    2
  57545. i'm waiting to pounce on stuff, maybe another 6-12 months
    2
  57546. You said where each house was as you listed them. But the cottage on the beach, you never mentioned where it was located? What town or area is it in?
    2
  57547. Rent is not going down in Winter Garden. Florida . In fact they said 10% of the cast members from Disney are homeless .
    2
  57548. Even if you get 4 percent interest on your savings, you’re losing every year. That’s why elderly people have a hard time, their money devalued as the years went by.
    2
  57549. What?! A 550% appreciation in 6 years?! That's completely illogical!
    2
  57550. Beautiful neighborhood! Enjoyed the walk-and-talk!
    2
  57551. Thanks!
    2
  57552. Thank you
    2
  57553. The fiat currency scam needs to be acknowledged, look into post WWII germany
    2
  57554. Michael, how is the weather like in Orlando in the winter? How cold does it get?
    2
  57555.  @MichaelBordenaro  Does it ever get colder than 50 degrees in Orlando, FL during both day and night time?
    2
  57556.  @MichaelBordenaro  Thanks
    2
  57557. Good information, thank you.
    2
  57558. Personally I believe if you don't plan on being on top of the association and or part of the board you probably should stay away from living in a condo. I owned a unit on the 54th Floor in a high rise in downtown Miami which I sold a few years ago. It was a brand new building built in 2008 and stucco was debunking/cracking on the walls of the building. They had to spend millions of dollars reinforcing the building because it could have eventually collapsed. The association didn't mention what was going on bc obviously it ruins the reputation of the building. The problem was eventually fixed but its crazy how everyone stays quiet when it comes to these dangerous situations. I feel the county needs to enforce stricter guidelines especially now that developers are building high rises left and right in Miami.
    2
  57559. Something stinks about that house it's drug money being laundered or it's a stash house...or some politician from south America is hiding the money he is stealing form his county...the IRS needs to look into that house foresure...you can't bullshit me I know something is up with that house and you can smell it from 20 miles away
    2
  57560.  @MichaelBordenaro  You could feed them chickens or something to see how they will eat it. All we can feed here is some stupid ducks and thats it 😒
    2
  57561. Thanks Michael 👍
    2
  57562. Great video Michael
    2
  57563. Straight Up Mike.
    2
  57564.  @MichaelBordenaro  yes, true, and lots of people are going koo koo dealing with it !!!!
    2
  57565. MABE THE AMERICAN DREAM WAS AT ONE TIME IN 50s
    2
  57566. Ha! I’m doing the same exact thing! Here’s to Florida and the Gulf coast! Cheers 🥂 Can’t wait to be back there again but going to try a new location. Any suggestions? Omg I love that apt too!
    2
  57567. Were you poor growing up that you couldn’t afford to go to college? I personally wouldn’t mind having a job while in college.
    2
  57568.  @MichaelBordenaro  I hated high school growing up too. In, fact I was an outcast every since the age of 11 transferring from school to school about 2 to 3 times a year and didn’t have any actual friends. By the times I went to high school in Ohio, I was sick and tire of being in school, so I got my GED instead. Now, I’m about a year and half away from getting my Bachelors degree.
    2
  57569. 1.2 million for a piece of bacon,dose it come with pancakes 🥞
    2
  57570.  @MichaelBordenaro  how was your Tour of Florida?
    2
  57571. Podocarpus, the official hedge of Miami........
    2
  57572. that open field is for sale at $70.000.000 an acre right.......
    2
  57573. Great video as always. IMO, based on historic data (i.e. 2009/2010), we will see home prices collapse back to where they were in 2011/2012. Right now things are being held up through Line of Credits, Credit Cards and Savings or the bank of Mom and Pop. Once people burn thru these (with CC data already showing that they are pretty much maxed out) and job loses start as many companies have already started their layoffs (banks, realty firms, mortgage companies, tech companies, etc.) home prices will drop like stones and the race to the bottom will begin. We also cannot forget how politics play in this as well. Since the House flipped back to the Republicans and the near 50/50 split in the Senate there will be no more huge money supply from creation of money out of thin air being handing to Jane/Joe Public. This is going to be bad. Not just there but everywhere.
    2
  57574. Hey Michael glad you survived your latest video adventure 😜, amazing what some people want for those houses. I get part of it is your paying for the weather but if that area is affordable I can't imagine what the $200,000 to $300,000
    2
  57575. @michaelbordenaro my husband's job wants him to move to Fl we are in southern Ga now about 2 1/2 hrs from jaxs and since I've been watching u I am very nervous. My hope is that the housing market will cool in the next several months.
    2
  57576. You had me worried!
    2
  57577.  @MichaelBordenaro  No problem! Eh don't put so much pressure on yourself, we're thankful for however much you share with us. Plus I'm sure a large chunk of area you're driving through is farmland or nothingness next to the freeway. The few times I've driven from Michigan to Florida via I-75, there really wasn't much to see at all. Even though I passed thru, and by, some big cities I've never been to, I just wanted to get there, so I didn't veer off and do any sightseeing along the way.
    2
  57578.  @MichaelBordenaro  Also, we don't know what we don't know LOL 😄
    2
  57579. A sucker born every minute.
    2
  57580. HOUSING MARKET is causing PEOPLE to be HOMELESSNESS. RENT is ridiculous high. Houses are way to high. THIS MESS NEEDS TO STOP. THIS MESS IS IUT OF CONTROL.
    2
  57581. I wonder how much of the rising credit card balances are caused by tacking on rising interest costs?
    2
  57582. It could have been as simple as they lost their job. Seems to me something unexpected happened.
    2
  57583. Home values are declining rapidly in Southwest Florida. My home has lost -8% on zillow last month alone. Sarasota County here.
    2
  57584. I would that restaurants are expensive because they probably front that their food is coastline fresh
    2
  57585. Is it age friendly 40 and 50 yr olds!?
    2
  57586. People are charging food since they can’t afford it, so the credit bills will be going up. We don’t have as much credit card debt but we owe on the house and the car.
    2
  57587. Your video are very good and not too long. twenty minutes is a very good length. Keep it up.
    2
  57588. Congratulations
    2
  57589. Thanks!
    2
  57590. Wait till the foreclosure ban lifts.
    2
  57591. Why you attack student loan forgiveness escapes me when in fact you should be addressing corporate loans given during the pandemic that were eventually forgiven. I can think of Congresswoman Marjorie Taylor Greens construction loan falling into that category. But corporate issues such as this are simply pushed under the rug.
    2
  57592. I finally decided to go on vacation after waiting for nearly 3 years, mostly for the room rate and airfare to come down--it didn't and it never will--so I said to myself --the hotel will never reduce the room rate to where it was in 2019 so I"ll go now and probably not come back for several more years
    2
  57593. I live in Kissimmee Florida ( 15 mins from Disney)Condo built in 2000. I’m 77 years old with no mortgage ——- 750sq ft condo——taxes $800———insurance $420——HOA $215. Thank you for your channel !
    2
  57594. Thank you so much thank you
    2
  57595. When I bought my first house a townhouse in 1989 for 99k at 10,5% fixed rate 30 year FHA loan. Rented out rooms to help with mortgage payment and utilities. This is the main tax shelter we have nowadays. I only go with Fixed Rate Mortgages even when I refinanced multiple times. My parents bought the house we grew up in 1960 and their 25 year fixed rate was 6%. Mortgage rates go up and down in the USA like a roller coaster since 1960 at least. Key is only buy what you can afford don't be house poor eating bread and water because your mortgage payment is too high. Have plenty of savings don't have credit card debt pay them off weekly. Have a realistic budget you can stick with and also have additional supplemental income ideas as a extra way to save plus have good stability at you main job / career so you sleep well at night 👍😎👍
    2
  57596. The * bigger * short
    2
  57597.  @MichaelBordenaro  Ugh, frustrating. Dallas has been so hyper inflated in both markets. People in CFE and Residential multifamily have been asking triple sometimes even quadruple of what their property’s worth based on the numbers. 😭
    2
  57598. This is an incredibly fast crash because the bubble blew up so fast. Even another 8-12 months before bottom makes it a fast crash and it's perfect timing for me because my lease isn't up until July. New builds and flips are already dropping by $100K+ and these aren't even million dollar homes, these are on $600K homes.
    2
  57599. Good for you brother, keep this info coming
    2
  57600. I haven't seen a letter YET lowering my amount available for use, but I'm sure it's coming now! That tree behind you though at 3:30? Duuude. 😆
    2
  57601. Umbrella.😂
    2
  57602. True paradise put up a parking lot then the parking lot became very expensive
    2
  57603. Venice Beach Homeless Crisis on Fox 7pm est. How current but just give them more money.. V Bernie😁😁😁😁
    2
  57604. Wow they have not built anything yet in that site? So what was the hurry to tear it down last year? Did they even look for bodies?
    2
  57605. Get ready for some "stagflation" guys! I can smell it in the air.
    2
  57606. So dont do the BRRR? I thought the refinance part was apart of that lol! Well.... in that case im !@@#
    2
  57607. Wherever I go, there I am.
    2
  57608. I am so looking forward to returning to South Florida. I'll be there in 4 days. Hope the weather is great like this day?
    2
  57609. Thank you
    2
  57610. Thanks!
    2
  57611. Great video! I’m here in Miami and I would’ve sold, but what do you buy?!
    2
  57612. I find your doom and gloom refreshing. Thanks for keeping it real!
    2
  57613. I'm not complaining, I'm just saying that that one section isn't all that there is and it is expanding so much every day. In the past 40 some years it has gone from 2 main roads ( Pine and Silver Springs Blvd) to so much more. Coming from Chicago I didn't even think Ocala was on a map. I sometimes feel it's getting to big and want it back to the way it was years ago.
    2
  57614. Is sounds absolutely criminal
    2
  57615. How about paying off his own employees houses?
    2
  57616. Every State is going to have differing treatments of "real estate" and legal. Florida has been trying and may have succeeded for DECADES to eliminate the people who live on their House Boats in the Florida Keys. Leaving aside the truly AWESOME Hurricane risk in living there it's really and truly behavior of type that is done by people who are incapable of having empathy. And this is why as a USA person you ALWAYS have a right to legal counsel ALWAYS. Is the money itself a legally binding contract? Well it used to be, absolutely this is true..
    2
  57617. Who needs Dave Ramsey when r have Michael Bordenaro 🤔. And we don't have to worry about lies about how the house prices have never gone down since Adam and Eve.
    2
  57618. Have a good walk me and my wife are headed to the pool in Key West
    2
  57619. Which state would you look to buy in?
    2
  57620. For the algorithm.
    2
  57621. Hello Mike from Gilroy California. Hope you are enjoying the NorCal!
    2
  57622. Lol rent. I’m in LA. Hell no. Just evicted by new LL for daughters to move in. Haha moving into storage.
    2
  57623. God I miss that beach and the 1 Hotel.
    2
  57624. I own a home inspection company. Many agents are working with Uber, Lift, and Grub Hub.
    2
  57625. I watch your video because they are about Florida. Thank you for doing that.
    2
  57626. Thank you for honest transparency to save people’s time and money!
    2
  57627. Looking forward to no snow and no polar vortexes! One more winter to go. I'm planning a move to Florida in the fall of 2022. I'm enjoying your videos Michael.
    2
  57628. HOAs suck rather you own a condo or a house. It's a money grab.
    2
  57629. Great guest love the content too
    2
  57630. Thanks for the silver tip didn't know I can get real silver as an investment
    2
  57631. What these first time home buyers do not understand that you have to have a excellent education and a good-paying job to be able to afford to purchase property. It's the new reality. Working for minimum wage doesn't cut it anymore as it used to and it never will anymore
    2
  57632. Demand/supply is better way to understand the price action than the affordability story. Keep in mind that you judge affordability by the defacto standard of living which can change easily in these difficult times.. See what is going on with rental prices and home affordability in EU and you will understand that USA situation on affordability is not bad at all.
    2
  57633. this will be forgotten in a month or two.
    2
  57634. That's like Walmart expecting me to pay part of the electric bill, if you want to sell your house factor that cost in, dah
    2
  57635. People can't handle the truth. Most are just children walking around in adult bodies. Florida is even more insane than where I live and its clown world insane where I live. Greedy idiots just refuse to admit reality, homes are too expensive, not by a little but a lot!
    2
  57636. I just looked up all of these properties, none were renovated just straight flips literally a couple of months later. Yep, whoever bought these, will be bag-holding for a few years. They’re lucky if they get out at break even, which is doubtful because they bought them for a premium to begin with.
    2
  57637. Thanks for keeping us in the loop of things. 👏👏 I love your channel and your walking videos! 💜💜 It shows me places I might not ever get to visit.
    2
  57638. Government probably planning going to raise minimum wage to $15/hr just in time for elections in 24' then keep the inflation going up to offset the national debt. This would make homes more affordable again. Just one possibility, and more likely because people will not want to take a loss on a home sale so they wait.
    2
  57639. I have a bordenaro to keep me updated ❤
    2
  57640. I decided to give up my 3% rate to refinance while my home value is still almost double what I paid 8 years ago. I paid off all debt and now only have my new mortgage which is higher - but is not a problem debt to income wise.
    2
  57641. The deductible is taken out of the insurance payout. They do try to recover it from the other party if it is a car accident claim.
    2
  57642. Man.... I love your rationale..your one rational dude...... concise AF.....I have a lot of the same outlooks
    2
  57643. Mike, Just don't get married then you don't have to worry about wedding expenses, divorce expenses, alimony, child support, and numerous aggravations.
    2
  57644.  @MichaelBordenaro Another start your own business idea, Courier Service either by van, car, motorcycle, bike.
    2
  57645. May be too crowded for you though.
    2
  57646. It's very much like 2008, but 401K funds and pension plans figured out how to bypass the banks and their new rules by buying the house itself, not the mortgage. Think about it.
    2
  57647. It's about dam time
    2
  57648. Michael I can’t see open door capital is going to get any new investors they’ve proven they have a bad track record and understanding the economy in the housing market was definitely over inflated by 30% Michael.
    2
  57649. Minneapolis=Crime central.
    2
  57650. Happy Holidays Michael ! Thanks again for your latest video. Any thoughts on the Broward County beach front condo market? My wife and I are still waiting to purchase one. However the prices continue to go higher. Especially new construction. Do you feel these prices will adjust lower and that more units will be coming on the market on re-sales in newer buildings ? Seems there aren’t many available up and down the east coast of FL.
    2
  57651. Don't forget there were thousands and thousands that refinanced with a low 2.25% slightly higher or lower that are not selling and will not for a very long time. Those did not refinance were sleeping at the wheel or could not afford to refinance due to job situation.
    2
  57652. My initials MB as well
    2
  57653. 1st
    2
  57654.  @MichaelBordenaro  That is my other favorite channel 👍
    2
  57655. HEY MIKE? YOU JUST CONTRADICTED YOURSELF IN A SERIOUS WAY HERE! IN THE MIDDLE OF THE BEGINNING OF YOUR VIDEO YOU SAID AND I QUOTE! ITS IS HOT HERE! FOR MOST OF THE YEAR, IT IS REALLY HOT AND UNBEARABLE OUTSIDE AND YOU HAVE TO STAY INSIDE WITH YOUR AIR CONDITIONING! THEN AT THE BEGINNING OF THE ENDING PARTS OF THIS VIDEO, YOU SAY HOW MUCH YOU LOVE LIVING THERE IN FLORIDA, BECAUSE OF ALL THE BEAUTY OUTSIDE! YOU LIKE TO GO OUTSIDE ALL THE TIME AND BE AROUND ALL THE BEAUTY FLORIDA HAS TO OFFER!!! : / BUT YOU JUST SAID HOW UNBEARABLE THE HUMIDITY AND HEAT IS EVERYDAY! WHICH IS IT MIKE????
    2
  57656. My fix for baby boomers would be barrow against your house and stay as long as you can live it up too! Then take your pension/ social security and move to Puerto Vallarta or some place much more beautiful and cheaper because it’s time to downsize anyway!😂 TaDa!
    2
  57657. I owned a TS with GM engineers 30 years ago .They were talking about EV I stated "No one Wants Them " he agreed .Good Luck I'll keep my 2 gas ones like 8 gals this year.HaHa😁😁😁😁
    2
  57658. Hi Michael, would you mind giving me advice if buying an apartment in "Centro Miami" to rent? There are really affordable apartments for sale but what makes me rethink if buying it or not is that there are 20+ apartments for sale on the same tower and I don't know why. Thanks!
    2
  57659. that is what they get when they get greedy. flip a house and try to get hundreds of thousands more. not in this market.
    2
  57660. When media says that “experts” warn about something, u know that they r preparing for the exact opposite. 😒
    2
  57661. 2290 hwy tax charje me 450 penalty for 18 wheeler
    2
  57662. WOW...GREAT VIDEO !!.......Terrific Macro and micro overview of R/E and Financial markets . Nick nailed the future of the Treasury Bond market. The Fed is way..behind...the...Curve , the Bond Vigilantes will "front-run" the Fed just like they did in the 1980's ! Thank you for this timely Intel !!
    2
  57663. And you just answered at 3:38 lol. I just needed to keep watching. Thanks!
    2
  57664. Great video
    2
  57665. Culver's is so good! What is the best kind of property to own with no maintenance, condo?
    2
  57666. What about the flood factor? and how bad the weather could be in Florida? I never been to Florida, so I have no ideas
    2
  57667. The housing market is gioing crash cause Job looses Too may people are pulling out their equity Many banks are going to go under and the government will take over and we will end up owning the government trust me the government wants full control that’s the reason why everything is going the way its going. Ya rates are going down but no one has a job to make the monthly payments
    2
  57668. Those builders who cancelled contracts will be sorry..
    2
  57669. I lived in Miami beach in 2012 and now been living in Michigan for 5 years. I HATE winters....
    2
  57670. My grandparents built their own home & lived in it till they died 50 yrs later. My parents lived in their one and only home till they died. Me? I buy them & rent them & I move about every 7 yrs. Florida is on my list but I think I like the Keys. I visit FLA a lot, just spent a few days in Miami & then Marathon. Its like SoCalif but more tropical. PS, another vlogger said 52% of American companies are laying off.
    2
  57671. People always say "no claims ever" .... That has ntg to do with insurance rate. There is a state insurance regulator..... U guys should be demonstrating in front of the office
    2
  57672.  @MichaelBordenaro  What about Florida VS Hawaii (moving to).
    2
  57673. The deadline is the November election. Then we’ll see the economy fall off the cliff.
    2
  57674.  @MichaelBordenaro  - we cannot hang onto the past - time for a new way of life! For me, it is not in Florida anymore, but I have and will cherish many fond memories!
    2
  57675. Got one in California AAA.
    2
  57676. The 1993-1994 Chevy Cameros were notorious of oil leaks between the engine and transmission. I use to own one.
    2
  57677. THE GHETTO CROWD 😆
    2
  57678. Congrats on your new home!
    2
  57679. Dang that's pretty cool! I recognized that pyramid building from your videos.
    2
  57680. And its getting worse. Food is getting insanely expensive with eggs over 6 dollars a dozen and milk over 4 dollars. With the government just ramming through ANOTHER nearly 2 trillion on top of the trillions already wasted
    2
  57681. This economy is death by a thousand cuts😢
    2
  57682. why do you have to look so much like that faktard Galvin Newsom? :( other than that, great video
    2
  57683. I’m from California, born and raised, and still live here. I probably would never move to a red state or any place that is overly conservative, prejudice, hood/ghetto, or doesn’t offer enough amenities (think coffee, gym, restaurants, etc.). Definitely wouldn’t move to any of the houses your showing to pay 5k+ per month for rent. I can get a mortgage right now for that in California, in a WAY nicer area.
    2
  57684. 😁😁😁😁😁😁😁😁 Toad u to branch out but not this far..HaHa a Hat maybe..☝☝☝
    2
  57685. Finally a video where the man is alone (not pun). Too many bullshit articles that convey that women are the ones alone. No they are not. I can confirm this is an issue only with men (mostly). I had same type of past as you Mike; was ripped from roots at age 11 and parents moved out to the country-side where I was be disconnected from society. It ruined me for years. I'm only beginning to put the pieces back together. Moving to Florida is a huge piece.
    2
  57686. @MichaelBordenaro  I think you brought up the fact that you live in a condo. I live in southeast Asia now. EVs are a novelty item. Home ownership is just a dream for many people. Rich people own most of the real estate on Earth. Regular folks are just trying to get by via renting. Even in China where they make a lot of EVs, there is a lot of EV car inventory build. Ebikes do seem convenient though if the battery can be removed and charged in the condo or room.
    2
  57687. ARMs are a small % of loans currently, like 5% of all mortgages. WOn't move the needle on pricing. Funny though that a mortgage broker got an ARM in last decade hahahaha
    2
  57688. Buy down is nothing but an ARM!!! 🤮🤮🤮🤮🤮🤮🤮
    2
  57689. Good video
    2
  57690. looking at gold and silver as savings is a pretty good way....and you're right it's not really so much an investment....i see it more like an insurance policy against a depression or worse
    2
  57691.  @MichaelBordenaro  arizona doesn't get the rain Florida does for sure as far as inches of rain I'm not really sure generally monsoon season in Arizona is in summer usually July they can get it all at once but Florida is warmer on average than arizona some people debate that but arizona has mountains Florida doesn't and it does get cold in flag staff and other mountain towns in Arizona. South Florida has a temperature of roughly 82 degrees year round that's Miami.
    2
  57692. Back to sleeveless....🙃
    2
  57693. Yes yes great. More like this
    2
  57694. MB revealed The Biggest Lie. It's all in the math. If you don't have equity, you can't refinance.
    2
  57695. So rn I'm studying to get my real estate license here im Florida Michael and they were talking about the red flags for fraud and if you ask me all these I buyers and appraisers should have a class action lawsuit for the fraud they committed these past 2 years.
    2
  57696. You don't get something for nothing. They can give money but you'll pay in another form. Don't trust banks government, it's all about screwing you so the rich get richer. It will never change unless people take action. Nick Melbourne Australia
    2
  57697. the stock market is always used as a barometer for success Biden is using it trump would brag about how records in stocks and profits were being broken all the time . just like he said unless you own stocks their record breaking profits dont matter
    2
  57698. Hi from Australia and I think this year will tell all.
    2
  57699. An alligator is the last thing you will ever see, so don't go looking for them. Same for pythons.
    2
  57700. I heard that the water at the beaches is warmer on the west coast. Is that true?
    2
  57701.  @MichaelBordenaro  I've been to Tampa/Clearwater St Petersburg area beaches and although white they are only ankle deep, lol Thats why it's so hot.
    2
  57702. And.. How many people who get into a house with only 500.00 are watching this ? Huge Consumer Information...
    2
  57703. Prayers for you! 🙏
    2
  57704. Very sad state of affairs all over! Someone went in my backpack 🎒 while it was on my back, at lights somewhere, luckily only 10 bucks in my wallet, scary druggy aboriginals here in Montréal too!
    2
  57705. Home prices need to drop significantly
    2
  57706. I LOVE your sun glasses reflecting the water and the shoreline with palm trees. Super cool! Besides that, I love even more your point of view on how to deal with finances. Pure common sense. ❤️
    2
  57707. I am patiently waiting.
    2
  57708. Selling my home. Not buying for a while. Was a sweet situation as we purchased a brand new home in 2020 at 2.5% interest. I couldn't turn down selling my home for 70% more than I bought it for. Reasons why we sold: A: money. Me and my wife come from working class families and never imagined getting a payoff so large B: my senior mother lives alone in a 5br 3500 sqft home C: expecting our first child in May D. We'll just use Fha again E: don't like the area we live in F: I'm a realtor too! Make the best decision for your family. Idc about a wood box, I want resources for my family. Last gem... You can always build your home using FHA or 10% down. Don't panic, be smart, get money
    2
  57709. Both sides are greedy. People are selling for a high price and people who are waiting on the sidelines want it too low.
    2
  57710. I heard flood insurance is going up near 400 % for new ins write-ups Oct 1st, and people with flood ins already will get an 18% increase per yr till they're satisfied with the amount of doe they're bringing in. In my book, FL is already beyond destroyed and unpleasant so I won't be moving there.
    2
  57711.  @MichaelBordenaro  yesss 😁
    2
  57712. Hi Michael . From Derek , in the..UK . weve spoke before . im retired , iv been watching and warning people since 2000 . about this new age spending we live in today . telling people it was unsatainable . we had the 2008 crash of no surprise. houses going way into a futuristic value beyond current wages . and DEBT . knowing consumerism was way beyond means . and keep replacing perfectly good belongings .we have FAR too many SHOPS FLOODED WITH goods really of no value , again disposable . look at the Land Mass filled with disposed goods used a few times . we have used more LAND /DUMPS IN 20 YEARS than in 100 . years . loans were too easy . as was mortgages /cars . too cheap . interest rates . should have been raised back to at least 5% after the low reduction of 1/2% in 2008 they dithered , and created this mess with FIAT currency . the difference between 1970s and 80s ... is People NEVER Had debt . it was a easier contented life . i could give a lot more examples , thanks again for your time you put i ...Derek from over the pond
    2
  57713. Michael, what neighborhood were you in in this video?
    2
  57714. AMEN
    2
  57715. You should not spend more than 10% of your income on a vehicle. Invest in assets not liabilities. Book Recommendation” The Millionaire Next Door”. Older but still relevant today.
    2
  57716. Thanks for the helpful content Mike. Congrats on your 3 year anniversary on YouTube.
    2
  57717. There's people in Florida that have jobs in California that get paid like they live in California🤔
    2
  57718. Hey Mike - wanted give you some feedback per your request. I think it was a really thoughtful video - my gut feeling as to maybe why its not doing well is that people don’t care if a recession is coming. They cant take anymore bad news so even though stocks are going down - people wont look at their balances. Even though gas prices are going up cut back a little. Its kind of head in the sand mentality. So if I see a recession (or bad news) vid I pass it over so I dont feel like crap lol
    2
  57719. Be careful around those Miami malls man 👽
    2
  57720. 05/08/24 - my bank guaranteed me 5.05% high yield savings account for next 12 months. So I agree interest rates rising.
    2
  57721. Great video and great explanation that residential squatters and prosecutors that ignore crimes are like squatters by taking their tax payers funded jobs doing nothing for their publicly funded paychecks. How long can this upside down world exist?
    2
  57722. Ah the news says inflation is down! Go out and buy stupid crap for Christmas! 😂😂😂 I do think people are getting more wise and not doing traditional consumerism for Christmas anymore. Most people I know buy one or two gifts for the kids and do a nice dinner/party. The end. No more stupid gifts. If it is something it is consumables and a gift card for dinner or groceries.
    2
  57723. Big tech layoffs on the horizon should also impact housing.
    2
  57724. There is no way there will be a crash next year. Its an election year, so the govt will do whatever they can to prevent it.
    2
  57725. this is what happens when claims are paid out on smart fires and smart storm damage and the perps are not required to pay...governments and their corporate masters are the perps...california, florida, wherever
    2
  57726. Congrats
    2
  57727. Your map does not display the Northwest.
    2
  57728. Who knows, maybe the people sitting on the sidelines are the absolutely smartest people in the country. The starter homes may be the $400,000 home that will be foreclosed on in the next 2-4 years that will sell for a starter home price of $200K. They are patiently waiting for foreclosures to start, liquidity to stall (many banks are slowing lending) layoffs/recession to kick-in, and the government to sell ALL of their MBS. The perfect storm for homes to decline by ~50%.
    2
  57729. How about an evening segment around a campfire? For us rural subscribers, you know?
    2
  57730. I'd live under a bridge before I paid $31,000 in property tax!
    2
  57731.  @MichaelBordenaro  Agreed. I love your commentary as well!
    2
  57732. My eyes on Florida. Could have saved $3000 in state tax this year from income tax 2021. California is ok but its a desert and highly over run with developement in all natural areas.
    2
  57733. Just heard, I did not confirm it, but I got it from another YouTube channel, that of the States moving into North Carolina the number 4 state in volume is Florida
    2
  57734. Great beach walk. Hi to Lizy. Happy to be retired as it is a jungle out there. Thanks❤
    2
  57735. I like Florida and have visited the state lots of times but it’s sad to see it get worse. When are you moving out of Florida Mike?
    2
  57736. How can you fault a guy for having a strong work ethic, Michael?😂😂
    2
  57737. Florida is like California minus the mountains, taxes and homelessness Basically
    2
  57738. Michael, like your channel a lot. I feel exactly as you do about so many things. Where is that website that you referenced in the video about Cape Coral? I'd like to do some research on different markets. Thanks! 007
    2
  57739. I like Michael’s videos before I watch them.
    2
  57740. I’ll have to see if my nearby Publix stores have cut back on their lighting as well. They usually have my coffee on BOGO every few weeks or so. Might have to wait until next Thursday. Normally, the bag of coffee is just under $10.
    2
  57741. I'm about to pay off my house mortgage in a year or so, would you recommend to pay off or refinance and pull some equity to buy investment property?
    2
  57742. I live in Canada (Ontario). We don't have 30y fixed. All mortgages are basically ARMs. So every 5y the bank can increase the interest rate.
    2
  57743. Good thumbnail.. it is true
    2
  57744. I see you are on Cleveland Ct in the C Section of Palm Coast... I remember your video when you didn't really like Palm Coast...
    2
  57745. Please show us how average person lives in Miami .
    2
  57746. Click edit to not give 2 different opinions:)))))
    2
  57747. ...can you imagine a HOA special assessment for 25k for foundation issues based on a questionnaire. You would have riots
    2
  57748. I went and posted your video on FB. I told everyone to go to your UT channel and subscribe 🙃🙂
    2
  57749. ❤❤❤
    2
  57750. 2:13 Excuse me did you forget something 😂
    2
  57751. No, I'd never burn 25k a month. So dumb
    2
  57752. I have seen this in my area since I moved here 22 years ago. People will shell out way more than they can afford for cars and houses. Even when I was 25 years old making great money with no debt I had a lifelong rule of NEVER paying more than $250 A month for a car or over $1,000 a month for a place to live. I never break those rules.
    2
  57753.  @MichaelBordenaro  can't wait to watch it.
    2
  57754.  @MichaelBordenaro  thanks just found out about your channel last night searching up Florida lol. I'm gonna take another longer-term trip out there and if I like it im moving.
    2
  57755. Great video, Michael
    2
  57756. Great content
    2
  57757. Another great walk-and-talk, with the birds chiming in, too! :-)
    2
  57758. Inflation is such a difficult thing to understand..i listen to a lot of intelligent people who have wildly differing views on it..CPI is a lagging measure though so it’s measuring in the rear view mirror..not out of the windscreen going forward👍🇬🇧
    2
  57759. I live in Auckland Nz and the average house price is now 700.000.00! Many are over and in the millions Rent is 500 per week for 2 bedrooms 600 to 800 for 4 bedrooms Grateful that I pay 1400 a month in a homemade funny home with wonder full Landlords :) But I am one of the FEW lucky ones I earn 34k per year I love Auckland NZ And will stay as long as I can :) 50 per month for water 50 per week for power! Glad my working son lives here to help :) $10 for 1 kg cheese $4.50 for 1 doz eggs Even the poor/rough south side is expensive now $2500 monthly for scary neighborhood... Still Grateful as my landlords are Christian and very kind and giving and try to keep my rent low as :) When I see your houses for sale for $400 .000.00That house in Auckland would probably cost $1.5 million Interesting ... I am still grateful and enjoy our Bubble and way of life even though it is far from perfect I have a decent life can't afford to buy a house in Auckland though Still love living here :) Your $400.000.00 houses look like mansions to us bro :)
    2
  57760. I said this same statement on 11/5/20.
    2
  57761. Michael, have Matthew Cox on..
    2
  57762. They couldn't keep us home with the mandates so now they are doing it with the prices! Lol.. if you can't live on 3400 a month you have a problem.
    2
  57763. Lol and they told folks it was better to invest the money than pay your house off. Im glad I didn't listen to the bull crap. My house is standing at 800k of which I paid 150k in cash back in 99. I'll wait for the discounts thats coming soon to a market near YOU.
    2
  57764. Winners win 🤷🏾‍♂️
    2
  57765. 10-12% above 2019 prices. Where it will fall by 2025
    2
  57766. Ciao Bello keep up the good content 👍
    2
  57767. Thanks for another great video Michael, glad you were able to report some good news for buyers are starting to happen. I'm still in the condo market for SWFL area and have been seeing a lot of price reductions coming thru on the MLS. Some units still remain high priced though along with some pretty high HOA and condo fees. Looking at making a trip down to SWFL in the October time frame, and wondering is the Florida real estate market seasonal like up here in MI. Any predictions on what the next 4 or 5 months will hold? Thanks,
    2
  57768. If you get a chance visit Balboa Island. Great place to walk around and have a “Bal Frozen Banana”. If you can go , weekends are packed you could sit in a traffic line just to get to the island and parking would be a nightmare. Take the ferry across the bay, if it’s still running. And the Crab Cooker is a fun place to eat.
    2
  57769. Hi Michael 😊 I heard that about 28” of rain fell in around 24 hours down there. Thank you for keeping up with your videos and I hope you stay safe and dry. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  57770. That's bad..... I see all these fancy cars from Mercedes, Lexus, Acura, Jaguar etc in this video all parked outside in the sun exposing to the salty air of Florida with no decent garage.... what's the point of spending so much of money to buy a house that does not even have a decent enclosed car garage.....or why buy a fancy car to just park it in the sun....bad financial literacy for these owners
    2
  57771. Love the wildlife, particularly the marine life of Florida. I used to fear the gators and Crocs because of the news. You have cleared up many fears as being unfounded. You need to be aware of the bodies of water that you might be near. Generally in any major city, there is no need to fear the wildlife. Some of the smaller critters are more afraid of us. Spiders and other creepy crawlers will make the wife concerned. I'm looking forward to the fresh fish....yum.
    2
  57772. Hopefully they'll be 50% off again this time. :)
    2
  57773.  @MichaelBordenaro  You’re welcome! I’m excited to see all of these beautiful places!
    2
  57774. I strongly believe the the housing prices may fall to pre-pandemic level in a few years due to all the reasons that Michael spoke all along.
    2
  57775.  @MichaelBordenaro  Totally enjoyed it bro, beach was beautiful.
    2
  57776. What about the Ocala area? Seems nice from the videos but I’m 3000 miles away in SoCal. So I need some eyes on the ground help. I just subbed by the way!
    2
  57777. Edit - I am guessing now, the "assessment" is not an additional fee, just the tax appraisal value of the property? Add this to the request for explanation about co-op. Thanks!
    2
  57778. Another great video content- thank you! My question is what is your advice for salary mortgage ratio? I.e. let’s say I earn $10,000 net a month, what should be the mortgage monthly payment? Thank you 🙏
    2
  57779. Smart buyers should negotiate the price based on broker selling own listing. Used to be done before the bubble.
    2
  57780. every time anyone mentions a zombie company I think Gamestop lol
    2
  57781. Let me see if I got this right. You spent money that is tangible for some money is digital and you don't have physically poseioson of it. I'll stick with gold or silver coins that I can actually trust to use later.
    2
  57782. It’s interesting that my energy bill went down. I believe utilities are regulated at least in Chicago so they can’t just go up. Yet.
    2
  57783. Sell now , rent for 24 months , buy at a much lower price. Prices should drop 40 to50 percent by 2025.
    2
  57784. Happy Thanksgiving 🦃
    2
  57785. I've seen a lot of people buying 15 million dollar homes get in financial trouble.
    2
  57786. Please tour beautiful Mill Valley before you leave the area!
    2
  57787. Egg now $3.75 a dozen Used to paid .99 a dozen Everything else more expensive in California 🤓
    2
  57788. 1965 often have aluminum wiring, which bursts in flames at loosened junctions ; death trap! Had one and got educated. New Manufactured home, on the other hand, can get u sick over time with rich outgassings. Formaldehyde etc.😬
    2
  57789. Mike I've been watching your videos for a long time, but you did have multiple videos revealing how awesome it is to live down here. 🤷‍♂️ Many other real estate agents are walking back their videos now. The secrets out now.
    2
  57790. Michael, I used to live in a house in the 102 W. area in Bay Harbor Is. with my grandparents a number of years ago. Visited them in many summers between college semesters. Always enjoyed their house, which unfortunately was taken down by the owner to put up a condo. They moved to the now-condo building at the end of 102 W, right off Biscayne Bay. on the N. side in Apr. 1967, when it opened after selling their house. That apartment complex converted to a condo in 1999, she couldn't afford it, and had to move to an apartment on Collins Ave. I really enjoyed seeing your walking tour. Oct.-Feb. is a terrific time to visit with the mild winter temperatures compared to the northern states, but between Apr-Sep. the heat-humidity combination is brutal, with the endless humidity the worst of it, and the sweating never stops when outside. I don't miss those big palmetto bugs that scurry under something when you turn on the light! Thanks again for the great walking tour!
    2
  57791. 19:14 You do a great service, Michael! 🎉
    2
  57792. Home prices in Philly and the Philly suburbs are still going up. It’s all relative to your location. Working class big cities are still increasing their median priced homes and I don’t see it lowering with increased interest rates. People are willing to put down more in $ to offset high interest rates. As long as the job markets strong buyers will have $$$ to spend
    2
  57793. The new IRS agents aren't going to take on the folks with legal representation. They'll go after the small guys and squeeze them.
    2
  57794. I would be on Haulover Beach!
    2
  57795. Not sure why Millennials are still in FOMO mode. What are they afraid of, missing out on paying too much for a house, are they eccentrics? I will miss out all decade long if prices stay high and just love it. Whatever... Mike, you hit the nail on the head with your analysis on around the 17:40 part of this vid. Perfectly said.
    2
  57796. So, by "making previously uncharged owners pay," we would charge houses the same way making previous owners pay. Then, we'd have to go to apartments, cars, trucks, RVs, and every other capital investment. No go.
    2
  57797. I see price massive price reductions everywhere. Still overpriced compare to 2019, so massive price reductions to be projected still. One thing funny, most of the listing says that the property is a great income property. So, the very crazy realtor is negating his own propaganda; because how come you are trying to sell (with massive price reductions) a property that its cash flow positive? Only a fool will sell this, or maybe there is no such cash flow positive, nor any of the beauty of the realtors are trying to picture. There is only debt, liability, foreclosure and pain!!
    2
  57798. How can Sales Boomerang get health information? What about HIPAA laws that supposedly make this info confidential?
    2
  57799. Good to hear your safe👍🏽🙏🏼 I was thinking about u when I heard that news-coz i saw some of your videos in that neighborhood
    2
  57800. Some surprising topics in this one. My company seems to be following the mass media on the WFH policy. I don't want to go back to the office. It has been 2 years, I have seen employees quit and resign, others get hired, not necessarily the ones I would have wanted. I have gotten pay increases, so going back to the office could be a painful return back to the starting block. They aren't asking for a "return" to the office, but a new ritual of going to office, and if this is about taxes, government, and wokeness, then it is just insult to injury. Thanks.
    2
  57801. I love red leather pockets
    2
  57802. That strategy makes no sense. If it's not selling you don't raise the price.
    2
  57803. please make one video on jacksonville city?plsssssssss
    2
  57804. No way a single mom or dad can afford a home with the rates and prices now
    2
  57805. Dude, catch up, not ghetto, hood 🤑🤑🤑🤣🤣🤣🤣
    2
  57806. Yeah man..! If you’ve got the time, video that implosion ! 😊.. that would be bad as_ !
    2
  57807.  @MichaelBordenaro  Thank you Michael. I'm going to plan on going there. You look so relaxed walking around the town. Can't wait for your next trip.
    2
  57808.  @MichaelBordenaro  Thank you!
    2
  57809. Whaddup Michael!
    2
  57810. Good point. Keep active. Hobbies like play an instrument, travel, gardening, or do like Michael Bordenaro, a good walk.
    2
  57811. Buy gold, silver, barter items, bullets, and guns....! The vast majority can not follow your advice, nor fathom what you are hinting at Michael (Prepping). Because in order to buy these assets, you need money. Money most do not have. The second thing you need is the prepper's mindset.... And most people do not have that either...... You are only going to get a tinnnnny fraction to listen, take note, and act. But keep preaching anyway Rev. Mick!!!!!......🕎🛐☸️☪️😁😁😁
    2
  57812. Once a Wire Transfer has been completed by a Bank.... It CANNOT be Reversed!!!!
    2
  57813. Know someone who brought a home directly from the seller that they were renting to for 5 years
    2
  57814. Happy birthday! Thanks for the info you present.
    2
  57815. And Poppos tacos has Poppo on the wall the Gpa.. We run a taco place here in Cali so we had to try it.. Very good vinegar slaw on the tacos and next to it The Donut Experiment where they come fresh off the press and u order on a form what u want on it.. Bacon..fruti pebbles.. Carmel! Because of covid only thing closed was the Museum and the Anna Maria island pier.. U can also. Rent Paddle boards and jet skis.. And do the dolphin sunset cruise $30 a person.. We did it all!! U must go for a day or a couple and ride your bike thru the town.. Island 7 miles long u could do it and or Most parts to go get food
    2
  57816. thanks sir so much. I am thinking about buying one when my son grows older as he plays baseball and he LOVES it. Btw, which is your best place for high school and college baseball? Gainesville? *I hope you know baseball very well ;)
    2
  57817. Agreed 💯%!!!
    2
  57818. Car sales are to lock low interest rates or lower lease rates. There are people who feel secure and want to take advantage b4 rate really go up
    2
  57819. Why are some of trees painted white about 6 ft from the ground? I saw this in Central America. Is this insect control or just cultural?
    2
  57820. 25 years ago real estate developers were using baby boomer statics to push their products. When is this generation too old to care about buying anything other than cookies?
    2
  57821. There’s alway a mean to the end 😊
    2
  57822. What about all the lay offs and illegals flooding into our country. The middle class is being wiped out.
    2
  57823. What’s the all in monthly nut for the house, if people in the area have to struggle to pay it, the smart ones are out!
    2
  57824. Your HEALTH and your MONEY -- no one cares but you. It's all on you. You cannot rely on anyone else. Be strong. Many people nearing retirement or retired will rely heavily on Social Security and Medicare. There are all kinds of debates on what should or should not be done with Social Security funding. If the U.S. Government can spend $13 trillion in four years on various "stuff," then it can modify SS and make it a solution. Arguing about SS running out of money with hair-on-fire theatrics is ridiculous.
    2
  57825. Bro it's 95F here in Orlando, got my balls permanently stuck to my leg. wth.
    2
  57826. Great Content Michael!! Thank you very much... Stay Well.
    2
  57827. I enjoy your walking Videos . It gives me a good feel for Miami...If I take the Brightline Train to Miami it is only 1 mile to the Bayfront is that were the Boardwalk is were you can go all the way to North Miami ....
    2
  57828. 👍✅😳✅👍
    2
  57829. I bet you don't even hear those sirens, they are so common.
    2
  57830. What do you think of that grant Cardone
    2
  57831. That's why I think it's HILARIOUS the asking prices for these place. They're LITERALLY falling apart. They're on the water, they say. Well. That's the last place I would want to be. The erosion is common sense obvious. I love the beach. But living in a Old, dingy Laughably overpriced money/Death Trap, I'm totally good on. I'll pass. All this is out of control in Florida.
    2
  57832. I was very very lucky a home in California I bought last year in November listed for 495k I put a offer in at 425k got it had paid off Solar with 10 years of warranty 3 bed 2 bath quarter acre lot long drive way all the way back for toys with a nice shop & detached garage and completely new floors water heater air conditioner paint house is beautiful and I love my 1$ a month power bill look for deals you will find them this house did not have the solar listed at all big mistake and it was appraised at 465k so easy equity Right off the start with my 20% down
    2
  57833. Check in margate fl mik home price about 500 with nice area. I live here and also margate they will redevelopment city to small downtown city walk.
    2
  57834. Next one, Pacwest bank? Some small regional bank might fallen?
    2
  57835. The correct language is as follows: ...The NUMBER of tenants...(not amount).
    2
  57836.  @MichaelBordenaro  Thank goodness! I also don't like hotels where the pool setting is giving off club vibes. I like family friendly places, where it is calm and safe. , but beautiful!
    2
  57837. That's tough love Mike.
    2
  57838. A good use of a 401k loan can be used towards the purchase of a house. I did that to meet the 20 percent down payment. It can be a win-win since you pay yourself the interest. Not a Charlie Monger fan. Look up what he said about mandating products by Pfizer.
    2
  57839. One of ur best videos!!!
    2
  57840. 8:51 wow that dude's crazy!
    2
  57841. I subbed, thanks for the good content. I watch your buddies channel also reventure consulting. Fellow Miami resident, waiting to purchase a home in Kendall, hoping for some inventory and decent deals in the next year or so.
    2
  57842. Not real estate a comment. If Tesla can cut prices by 20%. That shows how much they were over charging customers. Even with the cuts I am sure they will be profitable.
    2
  57843. So appreciate your channel. The fed WILL change rates to serve the current administration. They know now folks are stupid and they will spin it. “See. Look what I did with interest rates!!!” And use the lies that you mentioned…. “See I just gave you more buying power”. And so on. Thanks again Michael
    2
  57844. where in south florida is there room for brand new homes?
    2
  57845. HOA's were created by a bunch of bored old bastards who got their rocks off bossing people around.
    2
  57846. Lets be real here. A good 80% of jobs in the US are complete bullshit jobs. Passing papers to other people who pass papers to others who pass papers that get involved in some insurance company or some other bullshit that does not matter.
    2
  57847. Thanks for the Honesty 😊
    2
  57848. Everyone in the know understands that the fed is the only thing holding everything up. They no longer have the retail investor to hold the bag when it implodes. This is why they can never let this fall.
    2
  57849. I thought boats pay property tax. At least here in California, I thought they did?
    2
  57850. It's been in the news that many people from Colombia are now trying to purchase homes in Miami due to the political situation. I wonder how south Florida will play out one's the buble burst in other states?
    2
  57851. Your loses equal their gains 😂
    2
  57852. Keep up the great videos thank you.
    2
  57853. I have a question. You have told us all about what and why we should not do. I was about to go down to buy my mobile home. So in looking around what other choice do we have? Everyone is loosing job, not getting promotion or raise.
    2
  57854. Did they actually think that the work at home was going to last forever? Really? with abandoned work spaces and buildings that they have an investment in? They weren't going to do that forever. They going to get some usage out of this rented space.
    2
  57855. I will be sharing this with me Ex Because our biggest argument is how he constantly “puts down” our now 25 year old son…and ALWAYS has. The major negativity all these years has depressed him in a debilitating state and I have a hard time with my anger over it. (sorry for the negativity but just had to share) LOVE your relationship! Your Dad is a true Wise and dear Man, you are very lucky Michael!! He’s open and honest unlike so many others! ♥️♥️♥️
    2
  57856.  @MichaelBordenaro  yes it definitely can, my son is proof and it’s absolutely heartbreaking because he has a heart of gold and very talented in so many areas! And Ex doesn’t get that a son relates more with his father and needs love and understanding and approval whereas my daughter of course relates more to me and you can see the difference, me and my daughter are very very close unlike him and my son! My son and I are very close too but you know what I mean…
    2
  57857. Thanks both, for this video in beautiful woods..!! CME tool shows 86% probability for 0.25% cut after CPLie data today, but won't be surprised if it changes to 46% tomorrow morning..!! Market had fireworks.. Even god fails to understand what's going on.
    2
  57858. Well ya know they should make a million dollars reselling a house after a year. Nuts
    2
  57859. Excellent 👌 thanks 🎉
    2
  57860. @13:36 They won't house them. I've seen a couple of interviews. They believe in the ideal, yet don't practice what they preach.
    2
  57861. Congrats, you are such a good speaker!!!!
    2
  57862. I have a 2300 sqft home in Jax and pay $250 a month combined wtr/elec/swr and $40 for natural gas. Insurance is about $194 a month and property tax about $200 a month.
    2
  57863.  @MichaelBordenaro  just stay away from NW Jax and its pretty nice.
    2
  57864.  @MichaelBordenaro  yeah your honest I appreciate that.
    2
  57865. Wow Michael, yout guitar collection looks a lot like mine. My Les Paul looks just like the one hanging.
    2
  57866. There should definitely be a sort of “upgrades needed” list added to seller contracts. 💯 should be a law.
    2
  57867.  @MichaelBordenaro  😂 thank you!
    2
  57868. Could you please walk the Villages sometime.
    2
  57869. Great work, keep these videos coming!
    2
  57870. The real tragedy is how is $206,000/yr property taxes normal I don't care how much the house is "worth". Do they get extra services from the city?
    2
  57871. It's not a conspiracy theory that politicians make decisions based on the next election. Biden is pulling oil from our strategic reserve so that the price of gas will go down before the midterm elections. Clinton & Obama did the same thing.
    2
  57872. I knew you two were related! So what is it, 1st cousins or long-distance cousins 🤔
    2
  57873. Thanks for posting all of the info on what's happening in Florida. Haha yeah Zillow is way off it valued my house at $208K and I was planning on maybe $130K for a selling price. I've been waiting to retire for ten years now and just started researching house prices in the Tampa area and boy what a shock, a dumpy mobile home on a smaller lot sells for way more than my 1400 Sq Ft house on a 85 Ft x 150 Ft lot. Will be interesting to see how all this housing plays out over the next two years, maybe in 2024 I'll be able to buy something halfway decent for$130K-$150K. All I want is a small 500-800 Sq Ft house.
    2
  57874. How can you check that it is a real gold?
    2
  57875. omg ....love the freaking guitars awesome!! congratulations
    2
  57876. I wondered where Brady was when he made that announcement. I figured you’d know by the buildings in the background.
    2
  57877. Show us the “financial statements & balance sheets!!”…..greed & price gouging is @ a all time high!!!!!…2x is fair and reasonable but everyone wants 10x now!!!
    2
  57878. Good advice, I’ve always lived within my means.
    2
  57879. So hopefully you'll have a video on cities that you can move to where I can walk to stores, hospitals, etc., without using a car. I already know miami is one of those places, but I want to get a sense of other cities in Florida to see if it is feasible. By the way, I'm in New York, horrible quality of life. Already over 400,000 folks left.
    2
  57880. School of hard knocks!!
    2
  57881. I had 2 kidneys till the experts got at them...
    2
  57882. I live in Dallas and the job market here is good but it’s getting so expensive in housing and the weather here is so bad.
    2
  57883. Corporate Greed is in high gear right now. i agree they will try to squeeze every dollar possible out of tenants as long as possible.
    2
  57884. Agreed. People should pay more attention now rather than listen to mainstream news or info circulating around. Better to form individual perceptions of the things happening around us and not to always jump on the bandwagon.
    2
  57885. I would think your a geek looking at you
    2
  57886. Great Video.....Timely advice , in these crazy times.....We all have to be responsible and pay attention.....You and Lisi .....Take care and Godspeed..
    2
  57887. I’m not sure if we can compare this situation to 2008!There was no cover up and confusion in 2008!🤔titanic was sinking and we could see it! Unfortunately this time around the game is way more tricky is almost like game of poker!🤔♣️♠️♦️ Thanks! Good luck 🍀
    2
  57888.  @MichaelBordenaro  lol!! 😂That’s so true Michael ! Didn’t think about chess!! I guess they have advance to game of chess!! 🤓
    2
  57889. I wonder how much that Amityville Horror house is now,That movie when I saw it was so scary
    2
  57890. They day of reckoning is coming. You can’t have low interest rates and high inflation. No investor is going to loan money for 3% if inflation is 6%- that would be stupid.
    2
  57891. 👍
    2
  57892. You think that the Zoning and laws are difficult there?? Give California a try. 😮 Thank you Michael, Carlos
    2
  57893. There are a lot of seafront buildings that include ac (and in some cases all electricity), water and basic cable in the rent!
    2
  57894.  @MichaelBordenaro  many people are being asked to return to office with no good reason. As someone said on comments, half of companies are doing this to have people quit and not pay severance pay.
    2
  57895. Happy New Year!
    2
  57896. Hey Mike, your plan is now my plan too. I love Cali weather but hate the cost of living, congestion and taxes. My main concern with Florida and Miami is not sure how crazy people are. I'm looking for a San Diego (Old Town), Big Sur, Morro Bay, Maui vibe. I hate politics and being around crazy, aggressive or superficial people. Where can I find that in Miami or Florida for that matter?
    2
  57897. Great video, Michael!
    2
  57898.  @MichaelBordenaro  Do you have a favorite learning resource on how to earn revenue from YouTube?
    2
  57899.  @MichaelBordenaro  Thank you! I'll check those out.
    2
  57900. providing housing to the homeless is exactly the wrong policy. that is why there are so many homeless now in cali - the idiotic state government gives out $$ to homeless people. why not take your solution to the extreme, why not provide everyone with a beach house and a million dollars? why not make everything free? i know you know how that would work out. probably the cheapest solution would be to relocate all the homeless in the country, into one state, and then give them the basics to survive. Montana, Wyoming, and the Dakotas probably have less than 2m people in all 4 states combined. pick one and start moving the homeless there. you cannot imagine how much damage these human locusts do to the areas they are in. more than a couple of those wild fires were started by homeless people.
    2
  57901. They're probably being told to wait for some planned "black swan" event they can use to blame the recession on
    2
  57902. I went to a comedy show in Vegas in May and two drinks was $67. I went to a concert in Vegas last week and we bought two (double shot) drinks, total $88. Keep in mind the bartender was serving us for maybe 90 seconds total, and it was a mandatory 22% tip. Though I want to see concerts, that kind of discretionary spending is really is going to keep me away for a while! It's just too gouging
    2
  57903. It's absolutely insane we're approaching three years to which student loan borrowers never have to make a payment, and with no accruing interest. We'll probably never see any type of this loan pause ever again. The proper approach is to save up for the student loan (don't pay yet), see what happens with the Biden forgiveness programs, and then pay.
    2
  57904. Great video, stop at the Hollywood broad walk and get a margarita at the new Margaritaville
    2
  57905.  @MichaelBordenaro  can’t believe nobody was watching those, they were great
    2
  57906. Michael, Winter is Coming... It's going to get really rough... No way we are getting out of this one without at least deep wounds...
    2
  57907. Thn they sit there's no need to sell
    2
  57908.  @MichaelBordenaro  I love Dan's daily reports.
    2
  57909. Here in Arizona just like solar energy, electric cars work fantastic but we don't freeze often in the desert, in Chicago neither work efficiently or are practical. This is likely to be regional sales, so they'll have to drop EV prices to target Americans in the southern states of the country, I think the northern states have smartened up to the pitfalls of EV's.
    2
  57910. GREAT information, Michael. I also wonder, sometimes, if some of these places a person applies - are basically DATA MINING SCAMS...but that's maybe just me.
    2
  57911. ❤ you are fast becoming my favourite channel! I learn a lot every time.
    2
  57912. There was an X files episode concerning HOA's...😁
    2
  57913. Thank you for this video!
    2
  57914. People who think it’s a good time to buy: Mortgage Brokers Real Estate Agents Home Sellers Ignorant people
    2
  57915. Yes it’s called Social credit, they also look at your political affiliation etc. China is already doing this and Canada. Just sad 😞 makes you just want to go live off the grid. People stop posting stuff of Facebook. That’s the first place they go.
    2
  57916. Please check black stone 50 bil in single home Michael. Florida is renting market bro
    2
  57917. If you invest with cash in realestate the cap rate is great especially if you do short term furnished rentals!
    2
  57918. 13:10 can you keep us updated on this house please .... I'm curious to see what this person ends up doing
    2
  57919.  @MichaelBordenaro  you the man
    2
  57920. Thank you Michael you probably saved me from a big mistake. I've watched years of flip or flop and Property Brothers that I was pretty confident about making a move into flipping houses. I do love the real estate industry. It fascinates me and looks fun!
    2
  57921. Visit Kevin Grass at the Red Dot tent at Art Basil. He does the Lame Ducks series and a lot of social commentary in the photo realism style.
    2
  57922. 100% chance of a recession... Sounds about right.
    2
  57923. And its going to get worse because many countries are now dumping the dollar as their main trade money. I am my self taking a lot of money out and putting it in gold bars and Euros.
    2
  57924. Money money money
    2
  57925. When I was a kid, we'd surf at Zuma Beach and SCUBA Dive off Paradise Cove... great memories. But like everything in California, it has gone to hell. I'll take our Florida beaches any day and our weather is so much better too !
    2
  57926. I was expecting you to be offline for a week or two.
    2
  57927. Great knowledge. Florida is great. Am glad i ran across your video on pros and cons of moving to Florida. Put the reality back in my thinking. Keep up the great videos.
    2
  57928. Happy Birthday Lizzie !! My husband is retiring in a month and we are cutting out a lot. Eating out has gotten to be insane, and it does not matter if it is carry out or a sit down dinner at a family type place. When we cannot seem to get out of the grocery store for much less than 200 and we do not drink, smoke or buy a lot of luxury food items like steak and specialty items, it is getting a bit worrisome for us.
    2
  57929. Crash and burn is coming.
    2
  57930. Want it back lol , but we spent it 😮
    2
  57931. Excellent analysis with the medium home price.
    2
  57932. 🌴🌴🌴 Yup 👍. It’s happening… I don’t really care what you think but we are in a recession and we’ve been in one for quite a while now! The SHTF Is going on before your eyes! Save your money 💵, Get out of debt and Definitely get your credit score as high as possible. There’s going to be some awesome opportunities for us when the time is right. If you think it’s bad now, well let’s see what it looks like in a year from now. Thank you Michael, Carlos BTW, HI 👋🏼 LISI 😊. Are you missing your little furry ones yet? I’m sure that they’re missing you 😢.
    2
  57933. Hi Michael. Just recently US navy conducted huge explosion off the coast Florida. The blast was so strong registered magnitude 3.9. Is it possible shock waves could damage weakened structure of Champlain Towers South??
    2
  57934. When the currency is depreciating, citizens will not hang on to that currency. They will spend it to acquire physical assets that will only increase in price in the future. This happened in Wiemar Republic for example.
    2
  57935. There is ntg in fl with that background view of the ocean from above
    2
  57936.  @MichaelBordenaro  that walk w the high ocean view.... breathtaking
    2
  57937. No such thing as fake equity. I understand what your conveying but you surely could have come up with a more accurate term than fake. Maybe inflated...
    2
  57938. I kind’ve feel that se Florida like Palm beach county and broward won’t crash or even significantly drop in price due to the fact of the lack of land to build on. There’s pretty much no more land and most people that come to that area have Cali type money. You don’t see many price cuts in those two markets right now, especially Palm beach county.
    2
  57939. How can you go alone and get the same info/details found in the MLS and view homes? I have had sooo many bad experiences with real estate agents. On average they are lazy. A lot too are not up to try to negotiate beyond a small margin of the listing price. I always wonder how negotiations go… I have feared they do back hand deals with the seller agent to get the most money for themselves. Plus I haven’t always limited myself to one general area, most agents have a small radius they cover. It gets frustrating fast. If I could go it alone i would. I have often said there should be a system for do it yourself real estate that allows for mls info and to be able to easily contact the seller or seller’s agent for a viewing. There are sites to do for sale by owner, what about the opposite side of the equation?
    2
  57940. Okay, it looks like Florida is out. What state do you suggest?🌵 Arizona? New Mexico? 🏜️
    2
  57941. The West is best...My first cross country drive (NY to Ca.) convinced me.
    2
  57942. Clean and luxury that is me.
    2
  57943. Thanks for your videos! We hope to purchase a new condo soon (again) just waiting for the best time. Or when the market starts to adjust lower based on our budget.
    2
  57944. Musicians Friend may get a great shipping rate to send you gear, but if you have to return it, you'll find that residential shipping rates have gotten crazy. It may cost them four or five times as much to accept the return as it cost to send it to you, so they won't cover that anymore. Take a guitar in its case, measure and weigh it, and figure out how much it would cost to ship it to the midwest. It's an eye-opener.
    2
  57945. Another Awesome informative video thank you.
    2
  57946. Michael you should look into the bank token XRP, XLM, XDC, Algo, Quant. Everything is going to be tokenized.
    2
  57947.  @MichaelBordenaro  Thank you very much for your response.........
    2
  57948. great show mike do you need a referral agent in nj?
    2
  57949. We have elections in 12 months. Lets see.
    2
  57950. How were these people getting free money… I have heard they were but how?
    2
  57951. 13:52 funny how there's a Mercedes parked in the driveway of the "ghetto" house
    2
  57952. Truth. We are fleeing communism in Washington State and close on our new build in Vero Beach next month. Do not understate the desire for people to flee from the high tax, high crime, drug infested states. Although I took early retirement because because of the VAX mandate here in WA, do not worry Florida... I am bringing my guitars and guns. Gov DeSantis should be Real Estate Salesman of the year.
    2
  57953. Awesome Video Michael !!!
    2
  57954.  @MichaelBordenaro  You’re welcome, always great videos and topics that are helpful! It is a top question when looking to move to the area. And it’s about to be Winter down there! Favorite time in Florida! Lol.
    2
  57955. Mike,,you're are aware.......
    2
  57956.  @MichaelBordenaro  I know, I have to get with the Program !.....lol
    2
  57957. Let the capitulation happen .. people throwing up their hands and just buying at these high prices .... we are getting close to the reversal
    2
  57958. I’m loving these negative videos, Lol. Keep up the good work, Michael.
    2
  57959. I am guilty of using the "buy now, pay later" but I watch the interest rates A LOT, nothing I don't have to money for already or have 0% interest cause we needed new mattresses.
    2
  57960. How about the alligators in your swimming pool?
    2
  57961. Thanks!
    2
  57962. If you get dropped, just sign up with Citizen's. It's required to take you, right?
    2
  57963. Thank you for the video! We are planning to move to FL in 2022. How may I contact you ?
    2
  57964.  @MichaelBordenaro  Nothing fancy? If a nearly 3 million dollar home is on the cheap side, I’m way too poor to live there lol :-/
    2
  57965. Hawaii beats both hands down
    2
  57966. Shady stuff
    2
  57967. Negotiate at least 3% off the price no matter what and I'd say 5% off for being a greedy pain in the 🐴 and forcing me to be stuck with a realtor whether i know if i like them or not. (no offense to donkeys)
    2
  57968. Lol. They should have never existed in the first place.
    2
  57969. Wow, those clouds are cool
    2
  57970. Happy near year
    2
  57971. Greed is taking care of the sellers.
    2
  57972. Houses over $1m and few garages, no sidewalks, no curb , no storm sewer, car covers. This would not be allowed in my $300k house neighborhood.
    2
  57973. I'll invest in that area of Miami Beach just send me the street name and zip.
    2
  57974. Interest rates is the main reason for the slowdown. It jump from 3 to 6 very fast
    2
  57975. The real estate market has been manipulated for a long time. Artificially low interest rates, zoning regulations and then Covid restrictions and the expansion of the monetary base. They fucked things up, only way to fix things is to let things run by themselves and intervene as less as possible.
    2
  57976. Govt housing will be provided once things develop regarding sustainable development. Natural gas is about to be banned. If people don’t think the WEF isn’t driving policy in every country worldwide, they will soon.
    2
  57977. You should check out Punta Gorda..great restaurants, downtown area is cute,galleries,lots of activities and close to beaches :)
    2
  57978. Matt, could you do a video on home affordability related to income? Dave Ramsey approach or the Lender approach.. Thank you
    2
  57979. The media is working with corporations and government to squeeze every last dime out of the public before the boot drops. If people somehow made it to the end of last summer without realizing that they are being bamboozled, I don't know what to tell 'em.
    2
  57980. The risks of not getting payed our rents has pushed us to selling all of our remaining rental properties. So glad we got out, the govt. wants our whole economic system to collapse, the writing is on the wall. We liked most of our tenants, in fact, we helped many of our tenants purchase the property they were renting from us. But we also has a few very bad tenants, they tried to destroy us, literally. Thankfully God protected us and we got out and in very solid financial shape. Shelter is important, but the whole system is so corrupt and bloated it can’t go on much longer without a major collapse. Hope everyone selling gets out soon, my advice, drop your price and find the exit as quick as u can.
    2
  57981. Is that Eddie Vedder.. Oh no it's just Michael giving us another awesome video on the over-priced Miami real estate market.. 😎👍
    2
  57982.  @MichaelBordenaro  Excellent question, I'm planning on renting for the first year so I can get a feel for the different areas and then make a home purchase. Living in Miami sounds like it would be amazing for a short stint but I'm not into crowds or a hectic lifestyle. Juno / Palm Beach North seem like they are just outside of the city zone and I've founds a few new apartment complexes with great amenities. I may just have to flip a coin ;)
    2
  57983. Sounds like Florida is turning into California elites.
    2
  57984. It's too late for those people. They should have listed last NOV.
    2
  57985. like florida , you forgot a moskitos / aligators/ and how humid
    2
  57986. People are so broke they are buying houseboats and sitting on the water. 😂😂😂😂
    2
  57987. Lovely park!
    2
  57988. Another Stella video common sense video ,,but most people don't have any sense
    2
  57989. Hi Michael… I was actually going to reach out to you today to see if you lived near there, thought you did. So glad you and Lisi are OK! Praying for everyone!! 😢 💔 🙏🏼🙏🏼🙏🏼
    2
  57990. I didn't hear anything you said after minute 16...🎶 lady in reddddd I love Miami!
    2
  57991. Hope it helps with inflation
    2
  57992. Thanks for your stats,Today a home Berkely, Ca just went for over 2mil asking...in cash
    2
  57993. In NC I see so many 3bd3ba on small lots listed for close to a million dollars. They are pricing homes higher than they did when interest rates were 3.5%, the housing market is top-heavy rn, everything around 400-500k is selling quick still, but people are being greedy hoping for a fish to bite
    2
  57994. Congrats on 69K subscribers!
    2
  57995. Yes Michael of course Floridians pay the highest homeowners insurance premiums. Also florida auto insurance premiums are one of the highest in the nation. HOA dues are extremely high in Florida compared to what homeowners in other states get for the same amenities. One reason for this is the insurance. Communities have to insure these massive clubhouses just as individual homeowners have to insure their homes. Most people relocating to florida have not done their homework before actually making the move. Lots of people are having Buyer Remorse. Thanks for another video with such great content!
    2
  57996. This country needs a recession bad. And I'm saying this as someone with big exposure to the stock market.
    2
  57997. Thank you Michael 😊
    2
  57998. Great content and info as always Michael… Thank you so much! 👍🏻💯😇 I’m also pretty sure that Massachusetts has now implemented the “millionaires tax” as well… So it being an overall liberal state it is already starting to drive even more of their own citizens out of MA too. Luckily, we are up in Northern New Hampshire where our particular housing market is still in VERY high demand and doing quite well still. 👌🏻
    2
  57999. People still going to buy houses . I seen house price drop 250k on 4.5mil listing. Builders are NOT going to build it for free..
    2
  58000. Lower bill😂
    2
  58001.  @MichaelBordenaro  Wow, thanks!
    2
  58002. Mesa Boogie for the win
    2
  58003. That guy with all the spending needs a financial counselor and a new girlfriend.
    2
  58004. Ya there’s no shoulder there to pull over.. I like Melbourne, Port St. Lucie area a lot.. I live in California but have made trips to Florida to check it out.. I noticed prices on food at publix is higher than here though.. the big size toilet paper was like $29 wow..
    2
  58005. I’m planning on moving to florida Fort Lauderdale in the next 3 months but I’m looking to rent first !! What ideas will you give me ?
    2
  58006. so tropical storm (possible hurricane) Ian is coming at a really bad time then
    2
  58007. Hi Michael. Can you give some of the cross streets of this area you’re walking in today so I can check it out
    2
  58008. They used to cost $1500
    2
  58009. This seems quite orchestrated, sadly. Government has power over inflation- maybe they don’t want it to come down.
    2
  58010. Spot on! Nice one Mike!! 🔥💯
    2
  58011. $2500/mo is affordable.....? 🤣🤣🤣🤣🤣
    2
  58012. But don't the spring breakers hit all the Flordia ocean cities?
    2
  58013. Merry Christmas and looking forward to 2023 The Best Year.
    2
  58014. Doom and gloom bs, same storyline in every video
    2
  58015. MB is better than the bank. Some have uncle Sam. We have uncle Mike😉
    2
  58016. Mr. Bordenaro, best videos on YouTube 👍🏻
    2
  58017. Thanks for the on the scene update of the sad situation in Surfside. I was pretty sure that was not your building by the look of it. Condolences to those that may have lost anyone and best wishes to those injured and recovering. Seems like we need heroes to come forward more and more with the incidents that are happening. Thank GOD for true heroes and angels.
    2
  58018. I'm backtracking now, and have had you literally on all weekend. I can work outside when it's too hot to have the little dog out, and he's happy watching your videos. He likes your voice. I liked seeing Trader Joe's - my daughter's absolute favorite! She'd also be up for a chicken and avocado bowl - that's how she eats - nice and healthy.
    2
  58019.  @MichaelBordenaro  I do know there is disagreement among various economists about whether we could return to the gold standard. Most conclude that the US doesn’t, nor could it ever, own enough gold to cover any amount, whether it be money in circulation, the gross domestic profit or the national debt. Knowing the value of what the US has in reserves and the amount needed to be covered, I tend to agree that the gold standard could not in reality work. The US would have to buy a lot more gold and where does it get the money to do that without further increasing the national debt or raising taxes?
    2
  58020. It's famine and feast. Right ?
    2
  58021. Get married. Rent and save for 3 years. Housing will be much cheaper in 2026. Buying a house now is the worst time in history, but you already know that.
    2
  58022. She was a great guest, not sure if you've already had her back, trying to watch some of your many videos, but I would definitely have her back to discuss a different topic. You have good chemistry - I don't mean to imply in a boyfriend/girlfriend way, but you could talk about the different types of food/restaurants your area offers since she brought that up and which cultures those foods are related to - and why we might want to try them too if we haven't already. I'll be moving down to Florida soon, so I have been watching your channel to get the whole Florida vibe. You're doing a great job.
    2
  58023.  @MichaelBordenaro  i had just finished watching a beach video where you said the sand was very hot and that you probably wouldn't stop wearing your flip flops ... so your luxury home video carried that unmistakable sound l0l
    2
  58024. Throughout time an ounce of silver has always been able to buy you a steak dinner and an ounce of gold will always be able to buy you a nice suit. In medieval times it’s was actually a suit of armor for an ounce of gold.
    2
  58025. The Villages ??? Junk or ??
    2
  58026. 1
    2
  58027. I have been looking for well over 2 years, so this is welcome news. And, I will need to sell my house to buy another, but I am not selling at an exorbitant price.
    2
  58028. What is unethical about not working for free?
    2
  58029. Michael I enjoy your comments and info about real estate I just sold my house in Cape Coral bought in. 2010 so I did great love Florida,so I’m going to sit tight and when things calm down I’ll be back,just going to rent for a couple months in the winter keep up the good info thanks George C 👍
    2
  58030. California is an insane business environment anymore, and my state (Delaware) is following right behind them.
    2
  58031. Michael, regarding your statement about $1000+ car payments, you are a smart guy and I enjoy your analysis - Thank you - I do think though that there's another explanation than the amount of people paying that amount increased by only 2.2%. In actuality the growth was 14%. Think of it this way....In order to see 15.7 increased by 2.2, you have to divide 2.2 by 15.7 - the original rate. That gives you 14%. So, although the rate for car loans of this type was now at 17.9%, the actual growth was 14% to get there. Yeah, that's why people hate math!
    2
  58032. Maybe a weird question not related to housing prices or interest rates, but regarding the house you couldn’t find a listing on — why does that driveway stop several feet short of the curb? Would extending it be that expensive? May as well extend it rather than destroy the grass.
    2
  58033. More of an In-N-Out kinda person
    2
  58034. You have great content. Enjoy when your wife, Lizzy, joins you. LOVE your dress Lizzy, my style!
    2
  58035. here we go!
    2
  58036. already about to hit 200k SUBS!!!
    2
  58037. Thanks!
    2
  58038. WARNING!! Hammer it home Mike
    2
  58039. Enjoy watching both of you for information
    2
  58040. I live in the west, and its tanking in the cities and going up in rural areas. I pulled my home to hold longer.
    2
  58041. My daughter and I binge watched your walking and driving tours of NMB areas and neighborhoods yesterday, and I am definitely going to need your help. I'll be sending you an email early next week to discuss further. GREAT VIDEOS! THANKS!
    2
  58042.  @MichaelBordenaro  No problem! I've been binge sharing too, especially to people in NJ who I know have their short-term eye on FL!
    2
  58043. Amazing reach as usual!!! Extremely informative! In plain English! No excuses for blundering your home investment. Good job and thank you ❤
    2
  58044. luv your channel #1 fan ..I'm in California hope to see you and your lovely wife if you come back for a visit i grew up in palos verdes I can tell u all the great places to go..I rent in Redondo now! smartest thing to do now..hopefully I'll find my house someday
    2
  58045. Happy Birthday Ms Bordenaro ! : )
    2
  58046. buddy, I am a commercial real estate agent. I sold my condo in may, and am now staying in a one bedroom rental property that I own. My sale was pretty good, buyer was a professional who paid all cash for me. Life is good.
    2
  58047. I do think it is STUPID to go into debt paying for an extravagant wedding. Have a small family affair and save your money. Maybe live together first, THEN you can take your saved money to buy a house. Today people split up over small things in a heartbeat. I say don't buy the house OR have an extravagant wedding.
    2
  58048. Bought my 2021 Ram 1500 Laramie in Sep 2021, 0% interest for 48 months, $1100/month payment…wife works from home (sr. Fed govt civilian job), I’m retired from the military (and receive 100% VA disability). It’s our only vehicle (not including my 2 motorcycles that have been paid off for years). Even though we live in one of the highest cost areas in the US, (DC metro area—Loudon County Virginia) we’re doing pretty good…and we are still partially supporting a couple of our adult children.
    2
  58049. Damn, I left So. Florida in 2004 , moved to Santa Monica , CA and I couldn't believe how much more houses in California were than Florida , looks like Florida caught up.
    2
  58050. Hello Again Michael, your Beach walks are great, you have to be a realist and you cannot borrow yourself out of debt , i have been there when things were bad, now fortunately i am solvent, so steady as she goes :} and live within my means i have to being retired and on a fixed income ,
    2
  58051. They are destroying America. Open borders destroy our way of life. Lower wages crime gangs. Just look at Aurora Co. That is what the left embraces.
    2
  58052. You get a ❤, she gets a ❤, he gets a ❤, they get a heart, everybody gets a ❤.
    2
  58053. Californian welcoming you back with open arms.
    2
  58054. The Timing.... financially, the govt can keep delaying the inevitable as the world needs more dollars than ever to service existing debts etc. What will be problematic is how the further economic easing will be perpetrated because it is seldom fair. There will be even more people making more sitting on a couch than some who hold down a small wage job. Americans are outnumbering useful and purposeful occupations at this point.
    2
  58055. Citizens’ Insurance is borderline insolvent NOW! There better not be another hurricane for several years. How much money do ppl earn in Florida? Sale prices must come down substantially if the laws of economics are still valid.
    2
  58056. This is our east coast version
    2
  58057. In re PPP frauds. Only 1 out of, maybe, 500 cases, will ever be prosecuted.
    2
  58058. Your forgetting that these are potential rental homes if you buy now hence investment.
    2
  58059. Hey can you do more walking videos. If your still doing those!! I love seeing/ hearing nature ( birds, animals, flowers etc..)
    2
  58060.  @MichaelBordenaro  ok thanks
    2
  58061. Thanks, Michael! Where were you walking today?
    2
  58062. As soon as you said lending wow another wonderful big tree. never knew that the trees were so big and beauitful in Florida. Palm trees are everywhere and we all like them.
    2
  58063. You 2 real for the net mike😆🤣😆
    2
  58064. So True
    2
  58065. Greetings from Washington DC! Stay dry…
    2
  58066. Our own government are the ones sabotaging our country
    2
  58067. Striking eyes! Great video, great choice of location.
    2
  58068. thanks, and God bless you🙏🙏🙏
    2
  58069.  @MichaelBordenaro  very criminal,I agree. But I’m sure nobody in that building wanted to pay the assessments until the last minute which was this coming week. The work should have been much sooner and tragically it wasn’t. I don’t want to blame the buildings president or the board,at least not yet.
    2
  58070. When is the storm coming? I've been trying to buy a house for 2 years!!!! I'm tired 😫
    2
  58071. I’m crying about a hundred a month in NJ☹️☹️☹️☹️☹️☹️☹️☹️☹️
    2
  58072. Yeah for new leases. They won’t stop the ones they jacked up $400 a month
    2
  58073.  @MichaelBordenaro  I couldn't agree more!! It is a mess.
    2
  58074. Michael how about a video about AIRBNB/VRBO and the effect how short term rentals play havoc with the RE market?
    2
  58075. No body wants this ( and the pic of a cozy cottage, probably in Miami well , I would love to own it but they wouldn't want to sell for what I would offer 😉
    2
  58076. It's winter...don't need sunglasses or tank top
    2
  58077. Or, and hear me out. Boomers can sell their huge single family home and downsize like the previous generations did. Boomers should have more than enough cash if they did that.
    2
  58078. Lively discussion 😅
    2
  58079. And here comes student loan payments down the pike
    2
  58080. A lot of us Millennials aren’t thinking about retirement. That’s a compounding problem.
    2
  58081. Dont HOAs hire Property Management
    2
  58082. Airbnb in tiburon not doing well - cry me a river. Pains me to my soul
    2
  58083. 15:30 not just one house, but the next one too, a-holes parking their cars right in the middle of the sidewalk. Be a real shame to just stomp over their hoods
    2
  58084. Good news for everyone there ☺️
    2
  58085. I have a print of that striped lighthouse hanging in a bedroom. It is very neat!
    2
  58086. Great vid Mike! AirDNA data is so insightful. Lol stay yo ass off of Biscayne next to the auto store.:face-blue-smiling: I know exactly where you are...
    2
  58087. If these pandemic-era buyers are going back to their home states, does that mean, house prices in those home states, such as MA, will go up again? Phew...
    2
  58088. Literally haven't paid my first mortgage payment yet, already my loan provider sent me an offer for a HELOC loan! It was clearly AI generated as well SMH
    2
  58089. Do you think New York Community Bank will fail? Please have a look and let me know what you think.
    2
  58090. I just love hanging out and watching your videos. I must say, you look so good.😊
    2
  58091. Ha! And the rest of their income is going towards cars that cost 50k and 60k
    2
  58092. I am a senior and i have notice the last 2 years . Summer are harder to handle. I use to golf and cycle on a regular schedule in the summer months. Now I do not. I going to get an E Bike . You must be very fit to do all these summer walks .
    2
  58093. What I don’t understand about Chinese communism system is the purchasing power those people have. I came from a communism regime and we were so poor and private property was nonexistent. All property belonged to the government not anybody else. Nobody was rich to the point to be able to pay for education abroad or buy a property in a different country. What kind of communism system are they running over there in China? It sure is different from the old Soviet communism system. Not sure I understand.
    2
  58094. I’m closely watching this weekend’s open houses in Martin County. After this weekend, if properties are not going into contingent or pending, this will signal a downturn.
    2
  58095. Thanks for the heads up! and downs!
    2
  58096. Absolutely will no paid 1.5 mil for that shack!
    2
  58097. Good news for sure! It seems that proves are going down here in San Diego too, albeit slowly. Love Halloween! So fun!
    2
  58098. We been waiting a year for car prices to go down. May hold out til end of year…….
    2
  58099. “Exactly right.” Regardless who is in the seat of power, everything is rigged for the rich. Governments, globally, are owned by them. Shame. The world could be so much better if governments were actual stewards for humanity and not puppets for the machine.
    2
  58100. Here is the thing. Cost of living goes up and up yet wages do not. Business ALWAYS pass on costs to buyers when material prices go up. I've got no sympathy for the whiny/greedy employers that want the cheap labor yet pass on rising costs. Fk'em all.
    2
  58101. 😁😁😁😁😁
    2
  58102.  @MichaelBordenaro  I got the pro tip from you about audio in Miami videos if I ever make a YouTube video
    2
  58103.  @MichaelBordenaro  also I forgot to mention how hard core Miami is about masks and coronavirus compared to Jacksonville or even St Augustine where government facilities including libraries are mega strict no access it’s a lot like Los Angeles in Miami besides the beach lifestyle the politics or whatever mask is considered. I learned water fountains were turned off at parks because of coronavirus talking to a park janitor
    2
  58104.  @MichaelBordenaro  Glad you loved it!
    2
  58105.  @MichaelBordenaro  that seashore park is more than a beach, it’s huge and attracts campers, hikers etc. but I don’t care as surfing spots are where I spend my time at. That Cape Canaveral park is kinda the equivalent of Everglades park in a general way to frame it in a Miami comparison
    2
  58106. ❤
    2
  58107. This 3rd party seller sent my order to another state through Fedex, different from my shipping address! Was it a scam?
    2
  58108. You mentioned that you didn’t care much for Panama City. Why is that?
    2
  58109.  @MichaelBordenaro  Gotcha. Yes that’s exactly why I chose to go to Okaloosa island when I first visited over Panama City. Panama City is a tourist trap and the most active beach town in the Florida panhandle.
    2
  58110. I am surprised that Miami Beach was on the 10 most dangerous cities list. I haven't been there during spring break, but I have stayed in South Beach a number of times, and I have never had a problem. More recently, I have been staying up in Sunny Isles Beach, going to Haulover Beach and taking the bus down to South Beach. I am considering moving to Florida, but that area is pretty expensive for what I am looking for.
    2
  58111. The Eagles wrote a great song....Call Someplace Paradise, Kiss It Goodbye.....................................................
    2
  58112. geo cape Thank you! You are very kind.☺️❤️
    2
  58113. Uhm. You think 13 percent is high....Canada taxes their people at 15 percent for anything below 49k. And then it can get as high at 33 percent. We then have provincial tax rates on top of the federal. BC specifically i think is an additional 5 to 20 percent depending on tax bracket.
    2
  58114. Like your real time video as always. It's a short video because it's so damn hot right? jk!
    2
  58115. the Party city and Big lots locations in my area both closed not too long ago.....Big Lots went down just before Black Friday.
    2
  58116. A lot of investors claim the market won’t crash but keep going up. My question is where is the money going to come from with the buys? I especially with a inflationary recession potentially on the horizon. I question if these investors have a confirmation bias because they want to see it keep going. I understand people who think it’s to high have a confirmation bias also.
    2
  58117. Ain't enough Flex Seal to keep this thing afloat. I am out and staying out. Our "leaders" are ripping the public off... they might as well be giving is a sincere look in the eye... telling us it is raining... as they pee on our shoe.
    2
  58118. Yep the data never lies America will become a Nation of Debtors and Renters!!!
    2
  58119. Only buy with cash or forget buying it.... hell for Americans is coming for two generations... suicide rates will skyrocket..
    2
  58120. It's kind of hard to quantify how many hurricanes hit Florida compared to other states because you have to realize that Florida's Coach line goes from Alabama to Georgia..so if you stretch out the coastline you will find that it's probably longer than the coastline of Texas. Another thing is the fort Lauderdale / Miami area in terms of major hurricane hits: the last time this area has had a major hurricane hit was Wilma back in 2005 and before that was Andrew back in 1992. So that would be two hurricanes in 28 years. So the average person would think that two hurricanes in 28 years isn't that bad, however, the gold coast is in a hurricane 'drought', because prior to 1970 and going all the way back to the late eighteen-hundreds the gold coast would get hit hit by a major hurricane weather it came from from the Atlantic or the gulf about once every 6 to 8 years. So when I moved here my mother told me that hurricane Andrew didn't hit fort Lauderdale that bad and that Wilma was pretty bad but it wasn't Armageddon like everybody thought it would be. But I told my mother ( being a weather historian myself ) that this part of Florida has been very lucky for the past 40 years because if you go back to the earlier records you will find right off the top of my head 1926 1928 1936 1941 1945 1947 1949 1950 1960 1964 1965 and that is when it ended was in 1965 because the hurricane drought started; there were only two significant hurricanes after 1965 which was Andrew and 92 and Wilma in 2005. So if the gold coast meaning from West Palm Beach to Miami goes back to what was considered normal prior to 1965 people are going to freak-out thinking that there's something suddenly wrong with the weather here, where in reality the gold coast is just starting to get hit like it always did prior to 1965 and going back almost an entire century. Combine that with global warming and we have a major Exodus that will be happening here in the fort Lauderdale West Palm Beach Miami area because present-day modern people do not want to have to live with cat 3, 4, and 5 hurricanes hitting us every 6 to 8 years. Any weather historian will tell you that prior to 1965 and going back a century, Miami was the most hurricane-prone major city in the United States.
    2
  58121. When you live in a condo you need to go to all meetings and get involved. Ask questions. Question everything they do, they have to share everything they know it the law.
    2
  58122. Earthquakes aren’t really a thing in california. Only people who don’t live here think that’s a thing. Also tsunami isn’t really a thing either. But wild fires are crazy and an entire season every single year!
    2
  58123.  @MichaelBordenaro  the entire state prepares and experiences an entire season from the fires. We all know many displaced people and just wait for it to be “our turn”. We pack our valuables and put them by the door. The kids can’t go outside because of the smoke and we have to keep all doors and windows closed from august to December. Yo sucks!"
    2
  58124.  @MichaelBordenaro  the worst thing about living in california is the low wages, high cost of living EXTREEM HOMELESSNESS, and political atmosphere for anyone not on the super liberal train. Conservatives are openly treated like they are garbage and acceptability attacked
    2
  58125. This whole property thing is turning into a mugs game. Life is too short for this rubbish.
    2
  58126. 3:50. 325k. 😂
    2
  58127. great videos
    2
  58128. Michael, of course those economists are fudging the truth. The last time our country was in a recession was 2008-2012. The federal government waited one full year before letting us know. They kept it hush hush. Can’t keep this current recession hush hush. Everybody could see what is happening to our economy. Very informative video Michael. Thank you for not altering the truth about real estate, home owners insurance and soaring mortgage rates.
    2
  58129. I think that's an interesting system they had in the 80s as it seems like a great way to get Granny with a perfect score to buy a house and let you assume it with her lower interest rate. As for now, I don't understand how they think that lowering the credit score requirements will help because if someone has past due bills which is pretty much the only reason you have a low score, their creditors can try and sue and collect on the debt with your new asset. I think the thing they need to do is adjust the DTI requirements. I remember once years ago being turned down for a cheap home because my DTI wasn't super low as they wanted it and they assumed I couldn't afford it but didn't even consider that I'd been paying very high rent on time for years and the mortgage payment would have been less than half the amount I'd been easily paying in rent for years. It's very strange. I also think it'd help if they didn't count student loan debt into DTI. For example for years most lenders would calculate 1% of student loan balance as the payment, even if your income based payments were far less (they recently changed it to .5%). That pushed most student loans borrowers who didn't have a high income into being unable to purchase a home. That's one thing they should have to be required by law to explain in every financial aid office.
    2
  58130. It’s amazing that need to provide a signing bonus to hire someone. But I guess good sales people need charisma. So it’s not just anyone
    2
  58131. If you wait, the money in your bank will lose value, fast! Look at the inflation rate.
    2
  58132. A lot of houses will be hitting the market over Covid the banks could not foreclose now that’s over
    2
  58133. Offer Credit Suisse 75 cents on the dollar.
    2
  58134. A lot of "lower" priced housing is not for sale anymore - it's LEASE property. Full new subdivisions are LEASE only. What a scam.
    2
  58135. Up until the 1980's we had neighborhoods with those charming little homes. The drug money and Cuban invasion changed all of that. Be glad you are not in Miami Beach now, thos area is getting flooded by non stop rain!
    2
  58136. 👍👍👍👍👍👍👍👍
    2
  58137. I love that picture of the liar! Thank you for keeping it real with us!!
    2
  58138. Well done! Your comments about the real estate industry always painting a rosy picture was spot on. After all...what else are they going to say? Oh, by the way prospective home buyer prices will be plummeting soon? Yes, the Fed is hoping that home prices will dip and jobless claims will increase. But I find that hard to believe given the fact that 2.7 trillion dollars in taxpayer debt is being pumped into the economy. Based on this fact and the mediocre drop in home prices, JP will be forced to take the spiked punch bowl away from the alcoholics. My prediction: fed funds rate up 50 basis points in May 2023!
    2
  58139. Thanks! Will be there in a month!
    2
  58140. Nice guitar rig, by the way!!!!
    2
  58141. 👍🏻
    2
  58142. Michael, Do I see a startup franchise in the works here. Would be nice!
    2
  58143. I'm selling my house, and buying a boat. No property tax or hoa B.S.. I better ask my wife first.
    2
  58144. Wow! That house is amazing. I'm trying to figure out where to relocate (from Boca.) I'm going to check out your Pensacola video.
    2
  58145. Can you cover the different types of mortgages and closing assistance
    2
  58146. Electric Cars are too expensive. Solar panels don’t work at night. We need fossil fuels and coal mining!!
    2
  58147. Thanks, Michael. Great guest spot!
    2
  58148. Remember, Miami and Miami Beach are two quite different cities.
    2
  58149. Did you check out the latest Beatles record then and now it will make you cry just like the economy
    2
  58150. I was suprised that some lenders won't do a mortgage for an affordable 'fixer upper'. I thought it would be cute to buy a house that needs some work (nothing major but needs floors replaced, etc) and slowly fix it up over time like that movie 'The Money Pit'. A lender I was speaking to told me they can only lend if it just needs cosmetic work. That seems silly to think it's better to lend someone $200k rather than $65k when the payments would obviously be much easier to make. I just don't get it. I found a HUGE two-story house in North Dakota for $65k that sat on acres of land that needed some work (including electrical, cabinets, and appliances) as it had been abandoned pretty much for years. I think the payments would have been around $250. They refused so I called of my search for awhile.
    2
  58151. Both places - Sarasota in FL, and the mountains in Eastern TN are nice. If you can swing it financially, I would choose Sarasota or close by in the Tampa Bay area for 8-9 months, and then have a cabin you can escape to in the Smokies for those really hot months of late June through late September. I have hiked a lot in the mountains of TN and NC (I actually like NC better, but they do have an income tax, which TN does not). Many like Nashville (nearby Franklin to the south is fabulous), but I would miss the water, and central TN does not have many mountains, though not as flat as Florida. Asheville, NC is a real gem, but if you wanted to stay in TN, there are some nice small towns around Knoxville - though other than U of TN football games, I am not as big a fan of the city itself. The fall foliage in the Smokies is wonderful, and a bit later in Oct. than places like New England, the king of fall foliage!
    2
  58152. Major crash in Miami is coming.
    2
  58153. Great video as always, wish we could block fake accounts on this app or maybe someone knows how?
    2
  58154. Our last 4 home owner bills. Dallas house 1700 st ft $1300, home 30 minutes south of Dallas 3000 sq ft , $1100, $1600, now $2400
    2
  58155. I am the president of a highrise condo in N Florida. Our building is well maintained, but we still have a problem mostly because of our insurance. And general inflation, too. The same problem occurs with any house that needs maintenance . Of course you can sell, but who wants to buy into these costs? The full reserves issue is still up in the air. Of course our state legislature, and Gov DeDichead are only worried about woke. Frustrating. But we get few complaints from owners because we are transparent and they get it.
    2
  58156.  @MichaelBordenaro  I think more people like these type of videos than you think. 😊
    2
  58157. Housing in America is like a commodity, it's cyclical.
    2
  58158. I've come to the conclusion I'll never own a home and that's exactly what the Government wants. We will own nothing and be happy. And according to Bill Gates, we need to start eating bugs.
    2
  58159. Prayers to the family & friends who are missing their loved ones! 😥🙏💛
    2
  58160. Is more like it hasn't started the drop yet
    2
  58161. Awesome!
    2
  58162. Would love to see your analysis of coconut grove.
    2
  58163. Thanks Michael, got it! If you want to move to Floriduh....pay cash for a no-HOA property...
    2
  58164. Great information:)!
    2
  58165. Hey Michael! Since last year I am looking to buy a townhouse in zipcode 33014, 33015 and I think it is still overpriced! I want to wait to see if there will be a decrease in the next months but not sure those areas are in high demand 🤔 What you think?
    2
  58166. Or 80% of those people are avoiding the truth.
    2
  58167. I am in Hartford, CT. It's an expensive place to live in
    2
  58168. Great scenery Michael 👌
    2
  58169. I have invested in the stock market for 35 years. Like the real estate ,you make your money on the buy. Down markets are opportunities! No need to be scared:)
    2
  58170.  @MichaelBordenaro  to be honest not sitting in front of the computer or or phone of how you do your videos from home. Just felt like you had more umf if you know what I mean being out and walking around talking about it. Seemed like you were releasing some stress while you were walking around talking about the situations that most of us feel these days with terrible policies and government. I am subscribed and I'll see you on your next video. I'm in New Mexico so your message you give out is coming to me all the way over here from where you are. Although what you said about the houseboat does seem very intriguing lol. Wish I could do that!
    2
  58171. Happy Birthday 🎉🎊🎂
    2
  58172. Remember you were at the Phoenix airport hotel in July. It's occupancy is going to be vastly higher in winter. Not that I am saying the Hilton there is any good.
    2
  58173. I think it’s a bad decision that the government try to inject more money into the economy that’s a bad move don’t do anything nothing let it be you guys always Gotta try to make the pain go further it’s going to it just never got it don’t put any more money out in the marketplace no tax credits know nothing let everything be the way it is not getting into session so we are going to come out stronger but like you said my calendar election year they nd
    2
  58174. Low unemployment is what is making the Fed raise interest rates. So ultimately that is working against the housing market as well. Huge unemployment is coming from the construction industry--it's just lagging by more than usual--but the Fed can't wait & will raise the rates on low unemployment anyway. You want higher unemployment to stop the Fed from turning the screws.
    2
  58175. For me, HELOC doesn't make sense. I won't risk losing my house for anything. Taking a HELOC for college doesn't make sense. 529 plans are great for college saving, you just have to have the foresight to contribute. I have an emergency fund for the unknown expenses. HELOCs are there to make banks money and put you at risk of losing your home.
    2
  58176. Yes start paying down our debt. Once it's all paid off then start sovereign wealth funds.
    2
  58177. Off topic but thats a lot of sargassum. I keep seeing videos where Florida is about to get swamped with it.
    2
  58178. Flippers will renter the housing market as they snap up properties at auctions. I expect a new set of flipper shows on HGTV.
    2
  58179. Oh Michael! They have crushed the economy!
    2
  58180. History doesn't necessarily repeat, but it certainly rhymes......
    2
  58181. Americans buying things they don’t need, with the money they don’t have -George Carlin
    2
  58182. But what about using AI to assist in write contracts wouldn't that lower the price🤔
    2
  58183. I was waiting for that “Hotter Wife!” 😂 Men always go there.
    2
  58184. Insurers like Farmers are feeling the cost impact of climate change and are probably using return to office mandates to encourage attrition and avoid the expense of layoffs.
    2
  58185. Hi Michael, I appreciate the updates!
    2
  58186. FLA. = ridiculously high prices!!
    2
  58187. People are allergic to hard work and making good money these days,Its still very possible.
    2
  58188. Thanks!
    2
  58189. Americans aren't in the global bottom 90%
    2
  58190. Michael, what software do you use to edit videos?
    2
  58191. If You have a business , save yourself , isn’t that what republicans always tell poor ppl ?? Pull yourself up by your bootstraps 🤔 It’s hard when you can’t live on credit .. right ??
    2
  58192. Are you saying Bell harbor or Bal harbor?
    2
  58193. Would you rather our tax money go to pointless war and politicians’ salaries? Genuine question. Bc spending money on fun still goes back into the economy
    2
  58194. Congrats Michael .. truth telling on you tube for 5 years !! Pretty soon the FBI will be called in to check if your a foreign agent like Scott Ritter
    2
  58195. New construction is no bueno. I’d take older, more solidly built homes any day!
    2
  58196. Liberals policies in action thats what they voted for.
    2
  58197. lol you have been officially plagued by “ loud noise “ great job on reporting as usual 👍
    2
  58198. The alligators saw you.
    2
  58199. Dam, wish I would have seen you today in the hood walking down the main road. Excellent content
    2
  58200. Thank you for posting this video.
    2
  58201. For the algorithm.
    2
  58202. 💕it🤙great reporting stuff 😊
    2
  58203. Wow, I hardly recognize you from those photos.
    2
  58204. Insurance companies have an inherent conflict of interests, that's unsuitable or adaptable for climate extremes.
    2
  58205. I love the "INFLUENCER" title today... LOL. Worthles Fake Millennial BS. WTF is that?? LOL
    2
  58206.  @MichaelBordenaro  Because you are REAL and Present in the REAL World. That's why we watch.
    2
  58207. Yes Sir! Thank you!
    2
  58208. I love that you said you don’t talk about politics publicly but couldn’t help yourself. Completely reminds me of myself. I’m glad you talked about it. I have much the same feelings about all the things you mentioned. I’ve always fantasized about selling my house in the Bay Area and moving to Florida. I’ll hit you up if that fantasy ever becomes real.
    2
  58209. Insurance is a total scam. They're legalized confidence tricksters.
    2
  58210. 🤘🤘🤘🤘❤ always download Metallica free❤
    2
  58211. It's sad that so many still in their 30s don't want a family. Yes, having a family requires sacrifice, but the rewards far outweigh those sacrifices - love, belonging, purpose, precious memories.
    2
  58212. Another brilliant video.
    2
  58213. as always i appreciate ur time, ur insight an perspective on things !
    2
  58214. happy 5th!
    2
  58215. Damn be careful Michael 😳 But thank you for the footage.
    2
  58216. Yes, I've seen where they get married and right away. Have a baby which I think is crazy too. See if the marriage is gonna last first
    2
  58217. And property insurance prices up & up.
    2
  58218. Would love to know what actually happened. If I own this home and get in financial trouble... I sell... in Cali it's atleast 6 months before you go into foreclosure. I don't know of any program where you would get even 90 percent of equity. I watch all these numbers and have 115 units.
    2
  58219. Jesus Christ !!!!! Is there a scam that's not brought upon the American Citizen by these American corporations ?????
    2
  58220. You guys are great, a good example of how to live happily. Thanks for the excellent videos.
    2
  58221. You Get What You Vote For
    2
  58222. Congratulations!
    2
  58223.  @MichaelBordenaro  awesome continue do what you heart desires we love watching you're content take care we will continue to support your channel have a wonderful day!
    2
  58224. Welcome to........ The Purge!
    2
  58225. And music... did you watch it till the end?😜🎸
    2
  58226. "Whatever Happened to Penny Candy" ...get your kids to read this book.....very good explanation in understandable terms!
    2
  58227. How about a luxury campground or something like that.
    2
  58228. As a Miami resident, I can tell you that all those people did not mistakenly realize they were in the wrong lane and had to merge at the last minute. People here purposely drive all the way up in a cleared lane knowing it will either end or it's a turn only lane to bypass some of the traffic jam and get ahead. That's why I always try not to let them in. Sorry, gotta wait in line like everyone else. Miami drivers have very strong entitlement issues. Of course, that's probably most cities in the U.S.
    2
  58229. My sister lives in Fallbrook. I wouldn't mind buying a home over there! Hopefully a downward trend develops 🤞🤞
    2
  58230. Great real-time Intel...Thank you....
    2
  58231. Next to where I work is a huge, mile long mega development of zero lot line two story homes. I call it "Stuccotopia" Ive arrived at work early from time to time and toured a bit of this development. I see SO many cars in the new driveways with NJ, NY, tags. Recent arrivals that havent even registered their cars yet. Meanwhile, many many miles away where I live, the house next to mine sold last month. The new occupant? Escaped from NY. What else.
    2
  58232. Ton of videos on Lennar and DR Horton new construction nightmares during the pandemic
    2
  58233. As long as the federal government wants to continue sending our tax dollars overseas while ignoring our needs and infrastructure, things will only get worse. States have every right to handle the backwards thinking of this federal government.
    2
  58234. Hey I’m Canadian from Toronto and my family is thinking bout moving to Florida. Have you met or heard of people moving from Canada to FL? 🤔
    2
  58235. Thanks Mitch
    2
  58236. Good afternoon, real estate warrior 😎
    2
  58237. There are some true scumbags running our government. Hopefully, this election will change this at least slightly.
    2
  58238.  @MichaelBordenaro  what is included with the HOA? gas? Electricity? Cable? Water?
    2
  58239. The state will never teach children about money, finance or how to use money properly because they need financial idiots to pay high taxes, transfer wealth to government through inflation and feed the financial industry.
    2
  58240. My GF worked at Elgin State Mental Hospital for 25 years with a Master's Degree .I worked for R&D Thiel for 10 years as a foreman by ur Home..Be careful what u Share and take Them out for Lunch.CHEERs
    2
  58241. Stylist here Michael lol! 😂 where I live we are wearing Canada goose puffers Michael and still freezing 🥶,I take the long sleeve t shirt anytime ! You are even styling us according to the weather ! I definitely will bring my winter clothing when I eventually move there. I also have a story about a friend of mine who worked remote for 6 years after pandemic every one moved to to remote as a result the company lost the contract and gave the contract to a cheeper contractor and wanted them to work for much less even though she was with the previous company for many years ! Of course she did not accept lower pay but now it’s harder to find a job since more people working remote with less money ! The companies through contractors ruin peoples lives 😕! Great subject to bring up! I really believe in gold and silver not in some make believe money in form of crypto ! 😏
    2
  58242. Interest rate increases usually have a lagging effect, so 1-2 years for the full effect to be felt
    2
  58243. It depends every Market is different
    2
  58244.  @MichaelBordenaro  Absolutely! I like to think I was a decent boss , I always thanked people for their hard work and rewarded them with extra money even when I couldn't afford it. They didn't always appreciate it but I did it anyway. I knew it mattered to some of them because of what I had been through and jobs where I was treated like total crap. Once you work for yourself, it's almost impossible to go back! En Avant!
    2
  58245. Thanks for the info 🤩
    2
  58246. I acquired a property in May and I only paid 1,000 above appraisal price... but it was crazy what was going on and extremely hard to get an offer accepted if you didn’t have a lot of cash available to just give away freely... will be waiting and saving to snatch another one when the prices drop more... I should’ve waited for my first one, but compared to other people only paying 1,000 above appraisal price isn’t too bad, is it? 😆
    2
  58247. Hi Michael, thanks for taking us for a walk through your neighborhood! And I don't think many investors or home owners are calling you, the high school graduate for advice 😅
    2
  58248. House looks really nice! Haven’t texted in awhile. Vacationing at the Jersey Shore.
    2
  58249. Great content and good advise as always!
    2
  58250. Can you help purchase with crypto?
    2
  58251. They blew all their money traveling in 3Q, and now they are broke and either unemployed or soon to be unemployed. Meanwhile, their 401k and home equity are taking a nosedive.
    2
  58252. I'm rich! Thanks for the reminder!
    2
  58253. No loans = a serious hair cut. For a long time people were punching above their weight class.
    2
  58254. Those new rental apartment numbers is way off, there is like 500,000 new rentals in my neighborhood alone! Lol
    2
  58255. Builders want to build more homes & apartments but the federal & local government is stopping them!!!!……just like they pay famers not to grow certain crops or to much crops!!!!……it’s all about “CONTROL”!!
    2
  58256. Florida for sure. Cali to visit.
    2
  58257. FLORIDA !!!!!!
    2
  58258. If you even have to explain this to anybody.That just shows a lack of intelligence in this country...
    2
  58259.  @MichaelBordenaro  I hope to do another updated version next year.
    2
  58260. We bought our house just before the interest rate hike. $979 a month, that payment has now increased to $1423 a month and continues to rise with insurance increases. It's slowly becoming unaffordable with everything else we are paying more for!
    2
  58261. You're reported relevant and insightful news. Keep up the needed reporting. Thank you!
    2
  58262. Great video Micheal!
    2
  58263. that was a SOFTBALL "Diamond" (aka field)
    2
  58264. You might want to inspect your own building, Michael.
    2
  58265. Govt and medias would admit after November 8th 😃
    2
  58266. Michael, the American Dream is dead for most of us....especially the younger generation.
    2
  58267. C'mon Michael if you want absolute peace and quiet in Miami you need a $25 million+ home. lol!
    2
  58268. It’s not coming. It’s already here. In the next 8-12months it will be a frenzy again.
    2
  58269. Why not scare people! It is for their own good! Scare everybody now! They will decisions based on reality!
    2
  58270. No we don't have a hyperinflation problem.
    2
  58271. So true. And dont forget laundry.
    2
  58272. Hey Bordenaro, since you're Italian descent, are you automatically qualified for Italian citizenship and move to live in Italy ????? So many villages in Italy have empty houses that no one live in them.... you can literally get one of those houses for free or at a very little fee.....the catch is, you have to remodel the house...... and pay taxes.... I'm going...... to get my little piece of Tuscany.......
    2
  58273.  @MichaelBordenaro  so many villages in Italy are literally dying as all the young people have moved out to big cities such as Milan, Naple, and Rome and only the pensioners staying behind. Once the pensioners are dead, the houses become empty with no descendants to inherit them. So the mayors give them away for free as a way to attract new residents, including foreigners..... Italians oversea have first priority for these free houses, then EU citizens, then foreigners who meet certain criteria.....
    2
  58274. Keep it up Michael. if you ever need a referral partner for Palm Beach County I'd be happy to work with you.
    2
  58275. Did you check to see if parts were available for your washing machine?
    2
  58276. Are you for hire? And do you offer any insight on locations with best job opportunities?
    2
  58277. I bet that in 2023 there will be lesser homes bought than in 2022.
    2
  58278. I just informed Zillow that am putting off home buying indefinitely. Renting is like having a second income compared to buying a home now.
    2
  58279. Sunny isles beach isn’t that where the oligarchs live ?
    2
  58280. We are surrounded!
    2
  58281. I was robbed, no contact, on Friday night (the 8th) while shopping.
    2
  58282. Great analysis of current market condition.
    2
  58283. I paid cash for my car with 10,000 miles on it....i'll drive it till it dies....and...it's a stick "millennial anti theft device"
    2
  58284.  @MichaelBordenaro  lol...you're an exception
    2
  58285. Insuance, taxes, HOA dues are Seperate from the Mortgage.
    2
  58286. Excellent top 10 tips!
    2
  58287. Happy birthday, enjoy your vacay!
    2
  58288. Great info, thank you.
    2
  58289.  @MichaelBordenaro  I'm seeing big homes stay on the market longer (especially if they don't have a wood stove), because of the fast-approaching frigid winter (New England) and heating oil almost $5 a gallon!!!
    2
  58290. Michael why don't you go Indian Creek past Shuckers and through Miami Shores to I-95. Hit Indian Creek to 71st and then Miami Shores to Biscayne by the Miami Shores Country Club? Then hit 95 off of 135th or 163rd?
    2
  58291. Great news!!
    2
  58292. Thanks!
    2
  58293. Loved the video
    2
  58294. The majority of homeowners who had solid equity during the bubble market in 2020-2021, maximized their equity loan, with the lowest interest rate, to either work out their forbearance program or invest another rental property? Those primary homes used as ATM were not likely to be put in the market for sale. That was one of the reasons why inventory and labor participanting rate were so low. When it come to a train wreck, from inflation, high interest rates, assets value crash, to real estate correction, or upcoming layoffs, their primary homes, which were originally with low mortgage balance, become upside down, even if the market value drops 20%. Meanwhile, those individual investors might see rent delinquency rate will start to rise, and eventually a negative cash flow. The original 1 mortgage with high equity, become 3 debt loads that are out of control.
    2
  58295. Your updates are really the best!
    2
  58296. Like your content, keep it up.
    2
  58297. Thanks for the info...hey Michael are you ready for hurricane season?
    2
  58298. what a deal for that 1st house.. surprise no one snagged it yet!! PS, the US should go Nuclear station! Hydro is not good since your rivers are drying up!
    2
  58299. Housing in general is still 30% overvalued and the rate is still high. I rather wait after election. The current government and BS media report rosy numbers everyday.
    2
  58300. Michael did you see the story about the 3 companies that own many towns and all the rental properties in those towns in Georgie? It should be illegal.
    2
  58301. Great video.....Pensacola Beach looks like a chill place to stay. Maybe put it on your list of places to revisit! Lovely beaches and that on the ocean vibe' really thats what FL living is all about!
    2
  58302. Hey Michael we are closing as sellers this coming Thursday, we're actually making out pretty good on the return profit. I do have a question on where to put my money to get financial game. I have no experience in this department.. Do you recommend a particular financial institution on a high yield as you mentioned? We will be renting for at least 2 years or until the right time to buy
    2
  58303. Keep in mind that those stats are for cities... I am a longtime landlord in the pennsylvania mountains an hour and a half from both NYC and Philly, and as soon as something comes up for rent here, regardless of price, it is snatched up in days. People who can work from home are realizing that they can live in what is basically Mayberry, safe and with good schools, for a fraction of the price of any city. From what I see on Zillow my fellow local landlords are taking full advantage and jacking up rents to the max as they turn over a tenant, which I fully support as its about time our rental prices can increase to reflect the cost of doing business.... Landlording is not for the weak of heart, and the only reward is the $$ so why not max your income while you have the chance.
    2
  58304. Thanks a lot, lot I believe your all audience appreciate all this valuable time and effort, sincerely thanks for all
    2
  58305. i LOVE YOUR VIDEOS. Youre straight to the point , no frills.
    2
  58306. Great job very informative.
    2
  58307. I'm seeing bitcoin wealth declining. Alot of people bought homes with bitcoin wealth. Bitcoin is down 72% in one years time. Bitcoin is still over leveraged and has the least amount of real value.
    2
  58308. I agree with. Well said!
    2
  58309. Michael, if you could comment on my house-hunting experience in St. Augustine, I’d appreciate it.
    2
  58310. Michael can you do a video again to talk about the current mortgage market
    2
  58311. Look number one a Covid market correction was expected Covid main things happen that we never thought would happen before or that would be possible, and inflation has always been a problem and it’s going to continue to be a problem so yes there will be a cooler in the market but you can expect houses to keep rising in value throughout the years ahead because inflation has been a problem for over the last hundred years and will continue to be a problem, if these corporations are realizing how unsustainable the system is believe me they will start paying people more before they start giving money back! There is no housing crash and will be no housing crash there is just too much demand and not enough supply from under building the last 30 years, and interest rates is a big deal for people who can’t afford it but interest rates are not a big deal for people who have liquid cash and are able to put a bigger down payment or pay cash for the properties, I don’t see house prices falling too much because the housing market is very strong the whole country has good loans and good equity in their homes with low interest rates and not many people are willing to sell When it would be more expensive for them to buy a home today instead of keeping their home. And we are Seeing the biggest wages increase in history people are starting to make more money, also the United States has the best demographics there is a lot of young people that are coming into the market to buy their first home or second home. So I don’t see house prices falling too much at all even though they are coming down right now as we speak but is in no way a crash in any shape or form. To me business is going on I know if a property is over valued and obviously I’m not going to pay for a home that’s over valued the key is to buy a home under asking price with some good cash flow so then you can make money on the equity throughout the years as well. Now who it’s scary for is the first time homebuyers because a normal conventional loan allows you to buy a home at an 8020 loan, for first time homebuyers they only need to put 3.5% down so if there was a crash people with equity in their homes would be all right if they wait it out until the market recovers but the first time homebuyers would not be the case because they have no equity in their homes and they would go under big time!! So that’s scary!
    2
  58312. I would never buy insurance. Id rather rebuild the house from scratch myself.
    2
  58313.  @MichaelBordenaro  Can you cover that as a topic in a video? As I live in Norway I have been wondering whether I should buy a condo in a hotel as it might be easier to rent it out
    2
  58314. Michael Bordenaro awesome! Love your channel btw!
    2
  58315. You know what’s flashing red? Our patience with the government because they won’t stop spending
    2
  58316. TV "I want to buy your house" guys? What's up with that? THX Michael.
    2
  58317. I like your take on life work hard and play hard or just lay back😊 Like me ! 🇺🇸😎☘️👻
    2
  58318. Great job Michael, helps us Snowbirds get closer look at the many towns along the A1A. Keep going North town by town great info. As a sales pitch for Florida tourism sunny days are more inviting. THANKS again, stay safe.
    2
  58319.  @MichaelBordenaro  and keeping people aware is appreciated.
    2
  58320. Congrats on your milestone Michael ❤❤❤ Party on! Don’t you have conveyancing in USA? We have this in Australia and ensures any sneaky items get identified and called out
    2
  58321. The Canadians will eventually do like we did in 08, chuck the keys in the mailbox and walk away…. Little equity and no hope of the market coming back to a higher level for a long time. I believe Europeans use interest only loans, but at a fixed rate.
    2
  58322. EV owners have figured out they purchased low shelf life junk cars. 💣💥🔥🔥🔥
    2
  58323. Cross the pond 😹
    2
  58324. First 😂🤣
    2
  58325. Great show... appreciate your insights....
    2
  58326. the buyer IS paying his agent, it's amortized in their new overpriced loan. best part it costs 3X more than it should when you figure interest paid on the loan over 30 years. it's essentially usury. but you pay to play our funny money ponzy scheme all in the quest of the 'American dream'
    2
  58327. trying to keep the cc down is like digging in sand with a pitchfork...
    2
  58328. Great content 👍
    2
  58329. Another really good video...ok so ive been an electrician for 40 yrs and the last 2 yrs has been a bitch trying to find help but if you go to a job site and got a job in 4 yrs youd be making a decent living before your friends got out of college with huge doubt and youll be trained for free...and thats no sh%t.....
    2
  58330. I think you gave an excellent answer to the dude who questions your take on the economy. I suspect your response will give him second thoughts as he seems a decent person inwardly.
    2
  58331. Great video!
    2
  58332. Great video, Michael! Glad you shared those tips with us. We pretty much do exactly what you do, though we have three chihuahua’s. This is great! I think I am going to buy some gold for my son. Enjoy your weekend!
    2
  58333. the ban in Canada for foreign purchase is for 2 Years 2023-2025! Ontario gov is going to see how that is going to help the local citizens to access the houses
    2
  58334. How long does summer last?
    2
  58335. Geez michael! Daily rehash
    2
  58336. what is Safest Town to move to if Nuclear War.
    2
  58337. Great video
    2
  58338. It is a real racket. They don't want people to know. Nothing to see here. What about these reverse mortgages taking homes from older people buying back their house. NAR is in hot water. They are being sued for conspiracy and other malpractice by the DOJ. There are going to be big changes coming up if things continue. BTW if they erroneously report on your credit you can dispute it. You go on line to the agencies and click a box and explain why they are wrong.
    2
  58339. Great video. We're a sinking ship.
    2
  58340. Back in the day many many moons ago, I bought a home with a 3,2,1 Buydown mortgage. It allowed me to buy the home with a lot less money out of pocket early, and unlike a lot of mortgages, I knew in advance what my mortgage would change to each year as the mortgage was capped at 1% per year increase for the first 3 years, then fixed for the last 27 years, so in my case I got the mortgage at 3 points under market and it increased 1% per year for 3 years, so at the end of the 4th year, my rate was still below the market rates and stayed there as the rated continued to climb until I sold the home. I made a nice profit on the sale and moved back to Florida from the Dallas area. That kind of an adjustable rate mortgage is probably the only good one. I was able to plan for it each year, no surprises. It worked out perfectly for me, but I'm sure not many people look that far ahead. Thanks for sharing your information, I hope it helps a lot of folks that are still learning how this machine works.
    2
  58341.  @MichaelBordenaro  I know right !
    2
  58342. Keep these vids coming @Michael Bordenaro!! Fed chairman just said more hikes!
    2
  58343. I lived in a multi-story building for about 7 years. I hated it. I will not share walls with neighbors, ever. Except maybe in a cemetery.
    2
  58344. As a European it is so weird to me that your dad is walking behind you It would be considerably rude in my culture. Why just even show it?
    2
  58345. Yes traffic in Miami is bad! I had to drive from Kendal to south Miami (out of the city, into the city with the direction of traffic). IT TOOK 1.5 HOURS TO DRIVE 7 MILES! Large sections of the drive was through neighborhoods. Imagine living in those houses where it is bumper to bumper in front of your house and you are essentially are trapped there during rush hour.
    2
  58346. Hi. I just added the same comment. It takes me 1.5 hours to go from Lakes By Bay (Cutler Bay) to Pinecrest which is exactly 7 miles!! I pot the poor souls on I-95 or the Palmetto, especially during monsoon season May to October!
    2
  58347. i live in ON canada, its' not true about wages increased more than inflation....its bs......lying just like chinese gov
    2
  58348. Not to mention possibly burning your house down when your electric car catches on fire it's already happening
    2
  58349. Him: “insurance if you live in Florida” laughs while hiding pain
    2
  58350. People are WAY too intent on home ownership. Chill. Stop. Rent. Live a balanced life. Question “the American Dream”.
    2
  58351. …. Buy silver and gold coin , insurance
    2
  58352. They're talking about giving mortgages to the migrants in Cali. Maybe do a video on that topic.
    2
  58353.  @MichaelBordenaro  I could totally live there as well. Its a wonderful place!
    2
  58354. So useful, thanks on another great pan handle video......southern hospitality and beautiful beaches doesnt get much better than that for a place to live and enjoy!
    2
  58355. Is that area you are in where the Condo collapsed? The home prices in Florida are high. If you don't mind, can you tell me what the average wage is there? I live just west if Tulsa. The city and community here has alot to offer!! Its Beautiful here, lots if parks and lakes!! (Its not flat here unlike the thinking out there), We have Good schools!!
    2
  58356. I LOVE INSANITY PLEASE MORE OVERPRICENESS LOVE IT💋❤💚💜💙💛💗
    2
  58357. Happy B-Day Lisi! Spring Hill,FL - 2022 purchased 287K 4/2, 2k square feet, brand new home with vaulted ceilings and upgraded finishes. Appreciated 60K since last year. Good luck everyone!
    2
  58358. Its not a Housing crash. Its a Fire Sale. Lovely, aint it?
    2
  58359. The government is a 'Den of Thieves!'
    2
  58360. I thought it rains plenty in Florida? How come I see so many yellow lawns?
    2
  58361. Yes ,I live in a condo and it's got it's ups and downs. Mostly the people who break all the rules like letting their dogs crap everywhere and The HOA that aint doin nothing. Yes Its a great location 😂
    2
  58362. there is a 1/4 acre lot for sale 5 houses North of me 3.5M .. " no house " not on the water.
    2
  58363. Commenting about a year later on the Australian property market. To put it bluntly, a disaster for everyone. Investors, renters and mortgagees alike. Not outright property owners though. What's happening is interstate migration from larger and overpriced capitals like Sydney and Melbourne, to cheaper regional lifestyle areas and pricing locals out of the market. Crisis is an understatement. Rental vacancies below 1%, established builders going into bankruptcy mainly due to fixed price contracts, not enough housing supply, not enough trade workers, increasing rents and prices, material supply constraints. Immigration adding to the prices and need for housing. A lot of economists are tipping another rate rise in August due to sticky inflation figures. One of the most expensive property markets in the world. It's definitely not going well.
    2
  58364. look beter this way..!
    2
  58365. Half the listings in my neighborhood sold last week. Some are $3.5 mil. Plenty of money going around. Out of over 950 homes, there are only 11 listings all of which are in the millions. Extremely overpriced and still selling no problem.
    2
  58366. Ehy do u need MLs when u have the Zillow
    2
  58367. Pay Your Bitcoin Taxes! They will find out and tax you with penalties galore!
    2
  58368. Hi Michael, So after the collapse the decrease in avg selling price (850K) is due to the MLS error of the min. Price 392.50. The average is going to be less. With that being said, looks like avg prices across all these years pretty much remained same.
    2
  58369. Hello from Washington DC!
    2
  58370. Tell your wife happy birthday. So sweet that made her happy. Nothing better than being able to make one’s wife happy. Map is super interesting. I’m in Las Vegas, and yes we came down. The interesting thing is we’re seeing markets like last year now with multiple offers waiving appraisals. I didn’t expect another huge demand push. I felt like we had finally settled down, but not so sure. If we’re indicative of other areas the fed will potentially need to go further than just the next meeting raise which is what they’ve implied.
    2
  58371. Sometimes the road less traveled is less traveled for a reason.
    2
  58372. Read Klaus Schwab's book. Then you'll understand what these psychopath's are doing. The complete destruction of the poor and middle class. People are too stupid to put the pieces together. Time to wake up folks, you cant keep your head in the sand any longer becuz its going to affect EVERYONE, but the rich.
    2
  58373. I like your calm chill attitude dude & I like RE, so I subscribe to the channel
    2
  58374.  @MichaelBordenaro  my favorite of your videos is when you walk the neighborhoods and we get to see the character of all of the houses. This condo is too slick for me, though I know that style is all the rage these days. I’ll take a more comfortable honey house/condo any day!
    2
  58375. Many investors purchase properties through the County tax auction website.
    2
  58376. I just feel like you got a better lot in life because your name is Michael Bordenaro. Why couldn't my parents just name me Michael Bordenaro
    2
  58377. It is good to get people's perspective. Especially someone that is substantially wealthy like that man that you interviewed.
    2
  58378. Great subject but I am a little distracted by the beautiful scenery. I really enjoy all you videos.. they are a wealth of knowledge and thank you so much for sharing!!!
    2
  58379. Mortgage companies will become a thing of the past. Not only will we have low transactions for home loans but even if rates come down and 65% of your nations mortgages are 5% what are people going to refinance to? They’ll have absolutely zero business. They might as well pack up the bags now instead of bleeding more money that taxpayers will ultimately have to pay for (probably)
    2
  58380. Excellent show
    2
  58381. Crypto oh 👎
    2
  58382. Outstanding report!👍
    2
  58383. Why do Florida property owners (anywhere) think their property is worth more than it is... Realtor Advice?.. (or they don't care/need the money?) ... WTF is with the Florida Market?
    2
  58384. DON’T FOMO IN!!
    2
  58385. Just stay in Reality! If they dont want to hear the Truth about things they really just can go watch another channel.
    2
  58386. Question, I am wrapping some Software Engineering school and from the midwest and ill be looking to move to florida because of the things discussed in this video and more. What are the best areas that are clean and safe and not super crowded that I should consider?
    2
  58387. Should the gov......NO
    2
  58388. The definition of a recession has been changed to suit the party in power, especially this one. The goal posts keep getting moved. The good news of a robust economy and new jobs is due to Govt hiring and spending padding the numbers. Meanwhile the rest of us are going broke and can’t buy a home. Doubling the money supply thanks to Yellen during covid, the stock market has detached from the economic reality for those of us who aren’t rich.
    2
  58389. The foreign buyers will set up US shell companies to subvert the tax.
    2
  58390. I lived there for about 15 years and never experience one. Came close couple times.
    2
  58391. Awesome video!
    2
  58392. 3k a month should get you a 6 Bedroom Penthouse on the Beach lmfao 😂 I feel zero pity for Landlords. They sure weren't whining while rent's were skyrocketing since the 2008 Crash. You want to blame anyone blame the Federal Reserve For Pumping the artificial Equity Super Bubble with QE and Market Manipulation.
    2
  58393. It's all about programmed conditioning for CBDCs. The coming Global Beast government will have complete control. People need to understand that the USA is going to CEDE sovereignty to the UN in September 2024 via the Summit For the Future-a global political pact that completely usurps the US Constitution...
    2
  58394. Wait until the federal government starts buying housing for the Eleven million illegal aliens. Don't think that will happen? Should do wonders for home affordability.
    2
  58395. Hedgefunds buying up Real estate needs to be illegal. They are screwing over the American dream. Let the crash begin !!! Or correction if you like 🤔 50% should suffice , ha ha 🤣🤣🤣
    2
  58396. The possibility of illegal immigrants being able to buy a house here, and more easily at that, is so backwards!
    2
  58397. Up down all around real estate is a good place to invest your time and money.
    2
  58398. True, but one must also consider the financial return that could have been earned on the home's down payment. A 20% down payment on a $300K house would be $60K. At, say, a 5% return on $60K, that'd be $3000 (ignoring taxes).
    2
  58399. Yeah but they’ve been robbing money from the Social Security fund, so they should put that money back. Could you imagine robbing money from peoples private pension fund
    2
  58400. Thanks Michael!
    2
  58401. Thank you….its good to know that there’s still honest people in this world.
    2
  58402. Sometimes we just be around the world great video
    2
  58403. In CT prices are not down yet. It looks like there is a little more inventory but not much. I have seen 2 places on the market that said that you can’t see the inside. You have to buy it as a drive by. It looks like a manipulated market still. It’s hard to tell now. I imagine that people are adjusting the price for the increase in mortgage rates. Specially for the properties already in contract or they could lose the sale. It’s kind of scary this time as a crash might not yield in a significant reduction in price.
    2
  58404.  @MichaelBordenaro  The places where there is people with old money never will experience any of this. Most of CT has working class people and regular working class towns. There is also ghetto areas like everywhere else. The reason why I find these driveby’s so disturbing it’s because it’s being manipulated by the realtors as in 2008 the mortgages were being manipulated by the mortgage guys, where they woul just approve you for a mortgage over the phone. Realtors are Listing homes with the advertising that buyers have to buy with no inspection and or just seeing it from the outside. Manipulating the sale and forcing the buyer into a transaction of very little choice. It’s pretty disturbing. But, it’s different now because we can manipulate the information out there as we could not in the past. It’s interesting where and how this will play out. Your weekly videos are very important for the consumer. I hope people start evolving in their buying power in the real estate market an maybe look at the other options of real estate investment. I had mentioned the pure solar boxable modular that come fully equipped. It’s worth a look. I like your honesty. You seem like a great realtor. I can feel how much you love Miami and Florida. Keep up the great work.
    2
  58405. Sometimes people think we will be running out of water and etc. but that was always the case. We used to think that we would ran out of wood to warm the winter and here we are. Human are smart we can endure everything, a solution will emerge and the water would be resulted.
    2
  58406. Great content
    2
  58407. You make such great videos Michael. You are definitely like myself in that you are real about everything. I am getting close to retirement and I will be getting a pension which is unheard of today. I really feel bad for the younger generation and I always ask how in the world are they going to make it. America really needed to get its financial house in order 40 years ago but they didn't and now we are spiraling out of control and it's not going to end well for anyone. Also Michael I just had to add about the couple who wanted the loan and I thought the same thing. People make zero sense sometimes.
    2
  58408.  @MichaelBordenaro  I remember when they were finding squatters by the boatload in homes and crooked realtors taking advantage making money on the side by making fake leases to people, getting a security deposit of a few thousand bucks and giving them the keys. By the time the banks caught up or realized people were living in the homes, they had already been there for months or a year even. Banks were paying people to leave because these people were showing leases and recipes that were irrefutable even though they were fraudulent. This went on a lot in NYC and Maryland.
    2
  58409. The UK housing market is not sustainable and that's been plain for some time. Same problem as you have - unbridled greed and government interference. Where I live people are trying to double or more what they paid 2-3 years ago and the bottom line is, the properties are not worth anything near that and less and less people can afford them. Now with inflation, rising interest rates, cost of living rises across everything from food to fuel and utilities.....something has got to give and it's going to give in huge way. A few months ago houses were being snapped up almost as soon as the signs went up - not now, now they're sitting there with their ridiculous price tags and no takers. These are mostly pretty ordinary family homes I'm talking about, not the multi million pound top end stuff that's strictly for the very wealthy - that market doesn't really change much. The agents are in complete and utter denial and I'm sure many will go bust, the sellers are in denial right along with them. If there was ever a very unwise time to buy, this is most definitely it. The correction is long, long overdue and, no matter what those with skin in the game are trying to claim, it's going to be severe.
    2
  58410. The "experts" never give you advice that is good for you!
    2
  58411. The higher this market goes, the bigger the crash will be.
    2
  58412. DESERT GREETINGS MICHAEL 🏜😃👍
    2
  58413. You won't get mugged in that neighborhood.
    2
  58414. Did I read that right? That house was $480K in 2015 and in 2022 it’s $1.8M? So in 2029 it’ll be $7.2M?
    2
  58415. Hey Mike Love The New Format
    2
  58416. Sell now and rent.
    2
  58417. If unemployment goes above 8%, and if luxury homes tank for the next few years with these elevated rates, they COULD go back to 2012. But inventory needs to go way up and it will. Will definitely go back to 2015/6 levels without inflation...Good point with the baby boomers cause they will finally en masse begin to liquidate and downsize. We've been lucky with baby boomers since many aren't doing what the WWII gen did; once they turned 60, they went to the sunbelt(FL and AZ) in droves and boomers haven't really done that, yet. You think of the show Seinfeld, although a show, his parents moved down to Florida and there was so much of that going on in the 80s and 90s with the WWII folks. Of course those areas were much cheaper then.
    2
  58418. California is in down spiraling ... very sad...
    2
  58419. I live in Venice for 6 yrs...everything at least doubled services charge union labor rates while paying marginally skilled people peanuts. And when you pay peanuts YOU GET MONKEYS..Too much business scamming and they think its fine. Seriously thinking of relocating
    2
  58420. Just don't forget folks. We get the government we deserve. If you don't like it, do something about it.
    2
  58421. QT coming along with rate hikes. Next year we will get good deals.
    2
  58422. I watch Nick all the time
    2
  58423.  @MichaelBordenaro  it's the cheapest house in a very nice area. The neighborhood will grow the equity
    2
  58424. I found a house for $145,000 in Spring hill
    2
  58425.  @MichaelBordenaro  there will be more opportunities tomorrow! Are you able to sell in any part of Florida?
    2
  58426.  @MichaelBordenaro  when time comes, I will ask for referral. I'm planning to retire there! Soon!
    2
  58427. "The Government". When we talk about "the government" and what it can/can not or should/should not do we first need to look at what government we are talking about Federal, State or Local. If you want to live without government intervention, then there is a nice place called Somalia that's just right for you. The fact is that people are animals, and for the best of all of us we have decided to hand powers to a government to create a certain level of fairness. Perfect fairness does not exist. As far as I know most zoning laws are decided on a local level and often they are the result of local citizen pressure groups. One major problem is that housing has become an investment object rather than a place you live. People who live in a "nice", quiet and safe upscale neighborhood of single family homes with well manicured lawns will fight nail and tooth to prevent multi-family homes being built because that will bring lower income citizens and bring down housing prices. People who live in cheap, run down and affordable multifamily homes will not want their neighborhood gentrified because eventually they will be priced out. Everybody says "we should build more" but nobody wants it in their own back yard (NIMBYism). That's one problem. Should the Federal government intervene in local matters? Not many Americans will support that. Should foreigners be prevented from buying US real estate? Then what about the 35 trillion dollars of assets owned by US investors abroad? Blaming everything on "the government" is downright silly, because who elected the politicians who make the rules? And who keeps re-electing those politicians? And those who don't even bother to vote might as well not speak up to begin with. By not voting you have excluded yourself from both responsibility and the right to complain.
    2
  58428. Last minute LIzzie gave a flying kiss saying stay cool guys ...we're burning here in midwest couldn't mow the backyard gonna have a heat stroke..you two stay safe have fun:face-red-heart-shape:
    2
  58429. Plenty of houses sell for 200k. So it depends on what sort of house these buyers are expecting to buy.
    2
  58430. Loved the video. So sad to see homelessness in all major cities. i would still like to visit Denver in the future.
    2
  58431. i have changed my thinking on any highrise, hotel, apartment...
    2
  58432. I wonder why the government wants to tax UNREALIZED GAINS!!
    2
  58433. Greed is one hell of a drug ! Housing should not be for investing . Buy stocks !
    2
  58434. I see a new apartment complex going up in North Lakeland….across from the North Walmart. Not sure when they will be done. Says “Luxury Apts”. The second Bridgewater Complex opened. Maybe that’s why my overpriced complex has over a dozen unrented units right now.
    2
  58435. Damn, the water is beautiful! Thanks for sharing!
    2
  58436. My truck insurance went up 50% in September. $2500 a year for 2 trucks.
    2
  58437. There's also that possibility that people can't lower prices even if they wanted to. They might owe too much and not have the cash to pay off the loan even after the sale.
    2
  58438. Michael and others who bought Bitcoin when it was below 20K Im sure will pay capital gains tax on it, right?
    2
  58439.  @MichaelBordenaro  Right, I understand but how many people that have made money on Cryptocurrency and Bitcoin have paid their capital gains and how many will pay in the future? The IRS is going to crack down big time and that's why they're hiring thousands and thousands of more agents. I think a lot of people who sold and made huge profits on it think they're never going to get caught and have to pay.
    2
  58440. Isn't being unionized as a citizen just voting/democracy? There have been talks of general strikes for sure. The taxes are only going to go up and up and up. A huge portion of the suburban sprawl that was built is not sustainable. Once maintenance is required it will bankrupt many cities/counties. The tax payers/sq foot is not high enough to maintain it all.
    2
  58441. Michael, How do you rate In-N-Out vs Culver's?
    2
  58442. Another Great Video. My best friend just closed on his home in Vero Beach last week. They were asking $450K, and he got it for 435K. He looked in West Palm for 2 years and everything under 500K was a dump, so he went North. You look Great in Black Michael!!!!!!
    2
  58443. Great video
    2
  58444. @michael bordenaro r u still or do u recommend us to continue to invest in our Roth and 41k 25%. Besides precious metals … I’m doing both at moment I paused on gold because I buy in the dips but what do u think for 41k and Roths ?
    2
  58445. They are sea grapes not mangroves a natural preserve no one can touch them it’s against the law because they’re for the sea turtles to eat.😀💕💫
    2
  58446. U got a good face....but I prefer glasses--it's a cool, wow factor
    2
  58447. Catching up on older videos
    2
  58448. Thanks Michael, now when the home buyers in Texas call me to ask me if I want to sell my home, I will tell them I will sell it for $1.5 million dollars. My home is just a bit larger than the one you showed at the start of this discussion. It's paid for though. LOL
    2
  58449. Ive a house in port charlotte inherrited from my grandma. Its a decent location i like it
    2
  58450. The “Inflation Reduction Act” includes a $6.5 billion regressive tax on American energy companies that will be passed on to families in the form of higher energy costs - and could hike the average household’s natural gas bill by 17% according to the NY Post. The government is promising tax credits but delivering massive new taxes. It should be called the ‘Tax and Spend, Bait and Switch Act’. There’s a reason critical thinking skills are no longer taught in public schools.
    2
  58451. I hope you stay safe walking on those streets with those huge pickup trucks. Some of their tow hitches are blocking the green lanes. The danger does add some excitement but I prefer the calm tropical views that you share with us.
    2
  58452. Dude, what camera are you using? It is crisp! I love it
    2
  58453. Great advice, so based.
    2
  58454. Is this still the case now in 2022?
    2
  58455. You are telling it like it is. Keep updating us with the truth, I love it.
    2
  58456. Well I moved down here in 2006 but didn’t buy and didn’t think I would because everything was too expensive. Then housing crashed bought in 2009. Now I have over 300 grand equity mostly because of this boom. Honestly I hope prices come back down.
    2
  58457. people say pensacola isn’t a good area and that crime is high.. is that true?
    2
  58458. Informative and I agree. Do you think the snowbirds returning will help the Florida market in a good way?
    2
  58459. Well there's one thing I do consider I used to be a delegate and I had used to have to go vote for the state that I'm in and they've tried doing away the delegate vote and they're going to try to do that again and don't forget when it comes to the Democratic party the number one contributor funder of the party you're not ready for is George Soros and I know you know some of the history and the fact that he give so much money to his son and made it publicly clear that this was to crash the US economy so that's why he's enjoying spending his money on the Democratic party defunding the police and things like that
    2
  58460. Really good video Michael ! The thought of living in a high rent area but Buying in a lower priced area to supplement the income is really eye opening. Never thought about that. If Florida does give property tax breaks to lower income landlords it makes me think how will they make up for the tax loses ? Is it all Federally funded ? These Government programs can be very helpful especially to 1st time home Buyers. I remember getting a 3% interest rate break on my mortgage as a 1st time home Buyer ! A huge help when interest rates were OVER 12% when I 1st bought. Paperwork ? C'mon the real estate closing paper work was absolutely brutal ! It felt like my arm would fall off from all the document signing.
    2
  58461. 1:48. If you think it's too crowded now wait until you see the United States with its continuing open border from democrat voters.
    2
  58462. Nice shirts & sunglasses Guys
    2
  58463. The government steals money from citizens everyday and the justice system does nothing, civil asset forfeiture without any conviction is the norm. Stealing your real estate for failing to pay their extortion means nothing to them. A government of the people, by the people, for the people… what a joke!
    2
  58464. if you believe that inflation is really at 8.5% I have a bridge to sell you! Real inflation number is closer to 15% and everyone knows it. Open your eyes people it's not that difficult. Stop believing whatever mainstream media says. And do your own investigation and critical thinking!
    2
  58465. thank you for another great video Michael. I have a question (not specifically related to this topic) regarding Condos in Florida and Valet parking. When people live in a condo with valet parking (seems like most of them are that way), do they have to tip the valet person every time they take their car? How does that work? Do you tip the valet person every day, or twice a day if you do multiple errands?
    2
  58466. Michael the blow up sounds great
    2
  58467.  @MichaelBordenaro  I hope so, PCB was pretty cool back in the 80’s
    2
  58468. Look at this videos it’s kinda sad and eerie to see the Champlain towers standings and knowing what would happen to that building.
    2
  58469. You think is bad in the US!? In Canada the average price is 746k= 580K USD.😓
    2
  58470. Maybe buyers aren't going to be looking at 20 homes before they decide to buy.
    2
  58471. Yeah 2008-2014 Obama was bailing out Wall Street and the big banks while tens of millions Americans lost their homes.
    2
  58472. You’re brilliant!
    2
  58473. Michael- Are you still giving out the Delete Me Code? I wanted to try it. Thx
    2
  58474. One must make sound decisions at all times ..
    2
  58475. What kind of camera are you using bro?
    2
  58476. Hi from Australia so much Debt here and may buy some Gold as it is getting cheaper.
    2
  58477. walking throgh the mall was a good idea.
    2
  58478. I know of a great little town on the water that isn’t developed. But I’m not telling.
    2
  58479. The government and media lie? Balderdash. 😂😂😂😂😂
    2
  58480. There are fake accounts using your photo to scam people in the comments. Please block them.
    2
  58481. Shoe suggestion Mike... try a pair of HOKA Gaviota 5... They are excellent all around athletic shoe... should keep you on on your feet all day long... we all want to see you keep walking about...
    2
  58482. Keep on doing what you're doing. Unfortunately, there will be a percentage of people who don't listen until it's too late. It's happened every single crash and this recession will be no different. They believe if you don't talk about the recession it won't happen and their families will pay the price unfortunately. Many people who would otherwise end up with massive debt and own homes stuck underwater for 10 years will be spared that because of listening to you
    2
  58483. 6:00 Yea I concur with that assessment. Interest rate hikes up to 14%-20% until inflation is steady at 3-5% +/-. Then gradually bringing interest rates down overtime. 1970s and 1980s all over again.
    2
  58484. I agree but the background of your video does not support your thesis: an expensive marina, full of expensive boats, boats being renovated, jet skis, expensive housing, expensive cars launching expensive boats..... These folks don't seem to be hurting. Maybe consider walking through a middle-class neighborhood :)
    2
  58485. So what if their are foreclosures if they are not reflected in price. Inventory is also up for new homes and used homes, yet prices are barely dropping in most zoomtowns by more than 6-8%. Not sure what all the excitement is about. Alot of these on the sidelines cash buyers make posts like they are waiting for Santa to drop nearly free homes under the tree.
    2
  58486. That's so cool! beautiful beach. P.S: I low-key didn't know that the umbrellas could be cumbersome to use on a beach :P .
    2
  58487. I lived in idaho for 15 years, so sad to hear stories like this. In the town i lived in CDA idaho, all my friends who grew up there are leaving and moving due to the extreme costs of housing and limited selection, grew up there all their lives and cannot even come close to affording or finding a home. I hope tiny homes someday the laws are fixed.
    2
  58488. It won’t let me do “Thumbs Up”!
    2
  58489. Beautiful place to walk! This was fun Michael. I walk in nature just about everyday. So far this month I've logged 30 miles. I just sold a home with lots of gas appliances. It was great, especially for cooking. I rent a house that's 100% electric, cooking is not as enjoyable anymore.
    2
  58490. So Michael 2 comments (a) I vote for stay/more in-depth so people can decide if they want to further explore that focus city/area. (b) I hear ya on the tees. Mine were 10 yrs ok’d and looking so embarrassing. I saw an advert n FB for freshcleantees.com and thought WTH why not? I only ordered 3 because I didn’t want to be disappointed. OMG after I put the first one on, I immediately ordered 9 more in various colors. SOFT. COMFORTABLE. Not baggy but not super tight either. Launders beautifully. If you take the plunge, once you put it on, you’ll say damn Rob was right 👍🏻 Nope I don’t work for nor have a vested interest in them. Just thought I’d share my experience 😉
    2
  58491. Hey Michael, your first flowering bush was most likely oleander. Love all the flora that fills Florida. 🌺🌴🌊
    2
  58492. Thanks!
    2
  58493. Stay out of debt and take advantage of the opportunities. I've been waiting years for these opportunities. Gold and Silver Yeaaaa....Unfortunately, people do not understand it because its a very small community and miss understood.
    2
  58494. What REALITY do people giving away their money for very little benefit have in their minds?
    2
  58495. The scam is over. Air b and b scams are destroying the first time home buyers. That needs to stop. Over priced homes are also a scam.
    2
  58496. I worked on sanibel and Captiva islands and dealt with the red tide- it felt like when you accidentally breathe in pepper. Honey helps and CBC honey immediately stops the cough. I lived there for from Sept 2019- Oct 2020 taking care of my grandma- Now living North again.. I miss Florida and Ft Myers- or Bonita- Tampa is lovely. I might move back. Love these video because it allows me to explore other area… thank you
    2
  58497. I wish you would talk about FLORIDA, not other countries
    2
  58498. tech companies are all debt fiends of course high interest rates are gonna screw them
    2
  58499. Congrats!!!!💯👍
    2
  58500. Hey Michael, There is a reason people with three million would want a HELIC loan, they can claim the interest in their taxes. People with money do it all the time.
    2
  58501. It doesn’t seem that house prices have really gone down overall at a faster pace. So sad. They need to crash. Michael, when do you think the next financial boot will drop?
    2
  58502. I think they are hiding the history of homes because many people don't want a flipped house or a house that has been sold every year.
    2
  58503. Welcome to California, enjoy your stay🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
    2
  58504. Michael, our country is bankrupt already.
    2
  58505. Insurance has always been extortion and has artificially inflated values of everything, along with these lenders giving out huge loans with so much risk. Our economy is controlled by organized crime and they write the laws
    2
  58506. Is it the hurricanes that made it to where all these basement level condos are renovated lol ijs tho
    2
  58507. i love videos of people driving in FL! gives me a taste of what im in for! lol i did rent a car when i was in spring hill in january and i have to say the bad drivers must be in certain spots of FL because the drivers in the spring hill area werent much different from CT! im moving down at the end of july - i booked an airbnb for a month so i have a place to stay while i look at jobs and apartments. the thing im finding is that most apartment complexes want your income to be 3x the rent which sucks because the jobs i look at (that i can get with a college degree) dont make 3x the rent of places and i would make a few thousand more than income restricted apartment complexes! im so excited to FINALLY be moving after a year of craziness. i just hope i can get an apartment in a place i like with the income i will have!
    2
  58508. Lived in Miami and PBG for 15 yrs before moving to OC (Irvine) in 1998. I love living in OC but do miss my friends and certain aspects of what FL life offered (more laid back and people seem friendlier and more open minded esp. politics). We are fortunate and blessed to dodge many weather issues, never been significantly impacted directly by Hurricanes, earth quakes or wild fires. Much more Expensive to live in CA, your monies go much further in FL and we made less monies then but had more to enjoy lives than that in CA.
    2
  58509.  @MichaelBordenaro  I recently stopped down at SB in May and had to checkout of a really nice hotel. SB just didn't seem the same. It felt kind of unsafe to be honest. In fact, two people were shot down the street from the hotel after we left. Next time I'm going to checkout North Beach
    2
  58510.  @MichaelBordenaro  I'll definitely checkout North Beach! It looks just as beautiful without the craziness. Thank you again
    2
  58511. Unlike past recessions or bubble bursts this is shaping up to be brutal. So many industries affected. Almost a million tech layoffs, the bank failures leading to layoffs, retail stores closing everywhere, auto dealers that have been around 50 years are closing. It’s gonna be a nightmare. But you all created this by electing fools who just spend money and bailout banks and foreign nations.
    2
  58512. Thanks!
    2
  58513. Laugh out loud, you haven't even seen the first stage of the housing crash, by the third stage of it Holmes will be about 40 % of the price they are now, because there are millions of empty homes being held by investors they're tired of paying taxes on and they're going to have to eat it, the people are tired of being fooled and they're not going to keep letting these stupid prices, bargain prices are on the way.......
    2
  58514. You're right again, Michael.
    2
  58515. Love your content!
    2
  58516. Michael glad you got to see Metallica. That is the way I am about the Daytona 500. The prices are out of sight these days but it is only once a year and I will be going.
    2
  58517. OH, LUCKY ME I'M SINGING EVERYDAY NO RENT NO MORTGAGE HOUSE PAID OFF LOW TAXES LOW UTILITIES I FEEL SORRY FOR THOSE WHO HAVE TO LIVE TODAY
    2
  58518. Thank You for this Video. I would like to invest in Florida, i have some cash, not sure, but maybe i will need a small Credit. Must first get in touch with imigration Lawer........
    2
  58519. agree, lower price is better than a concessions because of taxes excellent point, concession is a realtor scam imo
    2
  58520. Michael did you go to Bitcoin conference in Miami Beach last week?
    2
  58521. When I see American streets I always wonder "where is everyone?"
    2
  58522. Very cool 😎
    2
  58523. You pose a good question, "why was housing affordable previously, but it's becoming less and less the case?". And if you dig deeper in this question, it shows that affordable housing is not the problem itself, but rather a symptom of something else. I think unaffordable housing is the result of 2 primary issues: 1. The declining value of fiat currency versus the stability of value with real estate. In other words, long-term inflation. And 2. An overall lack of financial knowledge in the general population. Bottom line, if the net result of financial education is a generational wealth legacy that can be passed down 3 or 4 generations, then the net result of financial ignorance is the exact opposite – a non-legacy that can barely last 25% of a lifetime. If someone obeys financial prudence, they will reap riches and assets. But the majority of society makes foolish decisions like buying more house than they can afford or signing up for risky variable-rate mortgages and this erodes at their wealth potential over the course of their lifetime. Today, the unaffordable housing dilemma is directly associated with the foolish risk-taking we saw back in 2007. Just like an eroding coast, we have eroding housing and just eroding affordability in general throughout society. Until we address the real issue, talking about making housing more affordable is a waste of time.
    2
  58524. Keep preaching that truth brotha!! It’s much appreciated. Much respect from Nor Cal’s Bay Area.
    2
  58525. The people who watch your channel already live the frugal life
    2
  58526. Altamonte springs where I live perfect location
    2
  58527. Your feelings are spot on. This is the best video that I’ve watched of yours.
    2
  58528. TGIF 🥇
    2
  58529. Wait. What happened to your wife. She couldn't keep up😂
    2
  58530. I'm in houston and I'm priced out trust me
    2
  58531. Can you get away from hurricanes on a boat?
    2
  58532.  @MichaelBordenaro  so dont go selling my car got it lol
    2
  58533. Not only those celebrities lost millions But the property taxes $$$,, insurance, maintenance, light bill Add another 3 million on top
    2
  58534. So basically Michael it appears that condo associations that have been playing “Extend and pretend “ with their reserve levels were finally called out by some high profile blow ups that made the news . Now it’s the law. What is Buffets comment -“ When the tide goes out we see who has no swimsuit on”
    2
  58535. Im in Vegas the Strip is Busier than ever....fools can't give money away fast enuff
    2
  58536. You're back just in time for those amazing winters down there 👌🏻 Florida does get very hot.. You'd be surprised though.. A lot of days this past summer we had higher temps than South Florida. 40+ days of 90+ degrees. I actually came back from down there in early June to mid 90s 😁 After just being in 80-84 all week
    2
  58537. “They “ are right , Bordenaro
    2
  58538. Sound of the surf going in and out soooo calming
    2
  58539. I also like it when you pick out the propaganda from the reality of the situation.
    2
  58540. They dont want anymore middle class
    2
  58541. Thanks for the laughing at your expense.
    2
  58542. Ok after seeing what actually happened instead of just the thumbnail, that’s really no laughing matter. Hope you’re ok! Homeowner should really fix that before someone else get seriously injured.
    2
  58543. This is intentional and put in place to help cover insurance companies losses.
    2
  58544. Hello Michael, thanks for another nice video with great information. It would be nice if you can do videos but showing houses that are on the market for sale or for rent. Also there's no way you can get that kind of beautiful and spacious apartments here in NY for $3,000 bcus NY apartments are really small and cost more then $3,000.
    2
  58545. Mike, you have become a real estate YouTuber. We will support you here
    2
  58546. Great points about ReitS!
    2
  58547. Awesome video.👌🏼 Love the view!
    2
  58548. Most People need financial literacy class Learn from your past mistakes not to repeat The same mistake 😕
    2
  58549. Who would believe a Word Janet Yellen says on inflation, the FED are the biggest boobs hired by GOVT. What most people don't know is that the Fed is Not a branch of Govt, they are hired contractors by the govt to keep the economy stabilized. Why do we need them, they screwed it all up, why are they not fired? And they should be fined for negligence.
    2
  58550. I live on the Gulf Coast of Florida. Sarasota, Florida. Most folks who live here have absolutely no interest in going to the beach...too hot. We locals stay indoors most of the year. Too humid and the fearce angry sun makes most of us binging Netflix in the A/C a pleasant way to live out our Golden years. My neihbors, people I work with look at me like I'm crazy if I ask them if they would go to the beach...lol
    2
  58551. People in San Diego go to the beach to exercise, play volley ball, bike on the boardwalk etc. Many times they don't even get in the water.
    2
  58552. That seller a greedy F imho
    2
  58553. Thanks Michael 👍
    2
  58554. SO BEAUTIFUL!!!!
    2
  58555. It was amazing!!!😍
    2
  58556. @13:25... 4 beds 3 baths not bad🌷🌷
    2
  58557. The positive from being under water mortgage is the ease in property taxes, as long as they are buying for long-term and able to keep paying for the mortgage, and hopefully, there is enough equity to refinance for lower rate to under 4% during 2024 depression. Here is another painful scenario I saw, bought in 2021 for 625k and being taxed over 1 million for 2022 (fake inflated depreciation). This property owner is a TX Realtor. Blindly buying and selling real estate is risky.
    2
  58558. Why Floridians more optimistic..? Sure, sunshine helps, but we know that we have the best governor in the country. 👍🏻 🇺🇸 Happy Independence Day everyone! 😁
    2
  58559. wowza.....Miami has extreme greed!! Hit sedona yesterday and heading back to San Diego next week. Keep up the great work! T.C.
    2
  58560. This was a very important vid. Great info. Thanks!
    2
  58561. Mike nice video. I been to dunedin. Did you go to the dunedin causeway? Right on the water! Also that Pinellas trail goes from Tarpon springs to st Petersburg. People bike n Rollerblade. Also dunedin is loaded with beautiful women. Lots of craft brewerys on main St
    2
  58562. 6:20 I live in Ormond Beach. It's cheap because no jobs. If you're not retired or working from home it's nothing but fast food or Publix.
    2
  58563. Nice shredding at the end!!!
    2
  58564. thanks
    2
  58565. So first, the way Worcester is pronounced is “WUSS TER” that’s the way it’s said in Ma. Second, when you mentioned best places to live you left out North Carolina…there are a zillion new sub divisions built and being built..townhouses too..everywhere! And they are all sold…some before completion. There are pharmaceuticals being built here and “IT” companies, schools too. Other than prices being higher, it’s like we are not part of the recession, it’s business as usual …everyday….love your videos, I look forward to them …💖….D💃🏻
    2
  58566. Algorithm
    2
  58567. I agree, everybody with a certain level of savings/investments should own gold (probably 5-10% if you have 50.000 or more). However, a couple of things to remember: You only have true "no counter party risk" if you take possession of physical metal. Buying ETFs or other forms of "paper gold" does not give you that guarantee. Even paying for having gold stored safely in someone else's gold storage facility means you have counter party risk. Secondly, if you buy silver, be aware that you are probably losing around around 15-20% of your investment right off the bat because of the spread difference (difference between buying and selling price).
    2
  58568. 3:00 if no one wants mortgage backed securities, doesn’t that meant mortgage rates should shoot up?
    2
  58569. Ok but is there even a chance that actually happens ?
    2
  58570. I love your videos, thank you.
    2
  58571. Thanks Mike
    2
  58572. Exactly. Why buy houses now when they're still hovering right beneath the highs while you already have 20% pullbacks in high quality stock equities? Which is why I'm buying the sht out of VIG, SCHD right now. I'll buy houses next year when middle class monthly payment affordability crisis hits. Great video great crossover guys!
    2
  58573. No way i move to Florida with no money... You gotta be crazy with all the people in competition for work and living arrangements, etc. adn not just any there to live. Some of Florida is nice and other parts are not good to live. It can expensive to live there also
    2
  58574. Spent a little time in St. Augustine, a nice little town. For those that don't know, St. Augustine is the oldest occupied city in the US. it was a Spanish colony and predates Plymouth Rock landing.
    2
  58575. Did you use an iPhone to rec this? Could you, please, give me the link for the "tripod" ? Thanks Michael!
    2
  58576.  @MichaelBordenaro  thanks, mate!
    2
  58577. Total propaganda coming from the mainstream media about our economy. Our economy is a 'Paper Tiger'.
    2
  58578. What a beautiful place. Michael, I highly highly highly recommend you to do 60 fps videos, you'll thank me later for that for sure. Extra tip: if you can adjust the shutter speed manually, do 1/120 to 1/250 while doing 60fps, it would unknowingly be more attractive for the viewers based on my experience. Extra extra tip: try to use a lower aperture value with higher iso when doing daytime videos as well for better videography. EDIT: For the sound and mic, use those feathered mic covers, the mics are also attachable to smartphones. You can also try using apps like "Cinema FV" which turns your phone into a 60fps video recorder and w/ manual shutter ISO and focus support - I'd say try the free "lite" version first and if it works then get the full version. Also, add some "saturation" to the videos. I think these things could make your videos eye-candy as cheap and effective as possible. - Best.
    2
  58579. The amount of foreign people trucking companies are hiring is exploding. I can't count the number of them that can't understand a word i say. Could be the reason there's a lot more accidents out here. The miles are great for the really good drivers with a lot of years out here. It's just avoiding the bad drivers that's the real problem.
    2
  58580. I use cash for all metals, firearms and ammo purchases amongst other things.
    2
  58581. Rates will come down next spring and will stay down all 2024. Remember Michael, it is going to be an election year and politicians will do everything they can to stay in power by being reelected.
    2
  58582. Condo association in Ohio are asking for more than the taxes on the property!! How’s that make sense ? Per month ..
    2
  58583. I live near a tornado path. Really afraid to live in a trailer.
    2
  58584. There's a lot more at that beach ..😂😂😂
    2
  58585. Well I can tell you that no building that is built near water doesn't require ongoing repairs. And one of the detriments to owning a home is that something is ALWAYS going wrong or needs to be fixed, even if you bought the home brand new. Owning a home is a money pit. What you don't spend on paying the mortgage or in property taxes, you will spend on insurance and upkeep/maintenance.
    2
  58586. Good video thanks
    2
  58587. you're probably right. although i quit my job in 2006 to work online full time so i guess i just take it for granted.
    2
  58588. Back when most mortgages were assumable and interest rates were high, people with a below-market rate mortgage could get a higher selling price for their house compared to sellers with a market-rate mortgage or no mortgage at all. Banks finally lobbied to end assumable mortgages.
    2
  58589. No way I would buy in Portland. One of my yt buddies was lamenting about campers parked up and down his street years ago. One day about 5 years ago, he disappeared. It’s a dumpster fire.
    2
  58590. I so agree
    2
  58591.  @soniadowney7427  Woww!! Good for you!👏
    2
  58592. Check out The Foundation of Economic Cycles based in Albuquerque. President Hoover appointed a man named Dewey (not that one) who studied the nature of economic cycles after Hoover wanted to know why we must apparently go through cycles of prosperity to recession to prosperity.
    2
  58593. To be able to purchase those homes in Allison Island, you would need to have at least $100M in asset to afford a $20M home. The issue with these expensive homes is about 1.2% property tax yearly. It would be about $250K property tax each year . To live in these homes, you would need another $20M cash to invest in dividend stocks with 5% yield to pay for the property tax, home and landscaping maintenance or you would need an executive salary to support the lifestyle. If you have extra cash (not for daily living of course), do not pour your money into black rock/stone, hedge fund, crypto and etc. To make it simple, buy this S&P500 Covered Call ETF (XYLD) instead as one of the strategies. Currently, it has around 12% yield (paying monthly dividend by selling a call option contract against the holding of shares which is called covered call). It should be fairly safe since the fund invests in the securities of the underlying index. Or you could learn how covered call works and do it yourself to save the fund expense cost. Yes, S&P 500 does go up and down like any investment, but it goes up over time after a big downturn. If it goes down, don't sell, keep the shares in the fund and continue to collect monthly dividend as an income. It's like buying a rental property. If housing market goes down, you would not sell the rental property (just collect monthly rent as usual). If you're living paycheck to paycheck, do whatever it takes to save a small amount of cash aside per paycheck and buy 1, 2 or 3 shares of XYLD (currently it's about $41 per share). Keep doing this for the next 5 years and you will be coming out ahead. Don't forget to reinvest the monthly dividend back. There are many investment strategies out there, but I think this one is simple and safe for an average person. Once you have more equity investment knowledge, seek for more strategies. Just my 2cents advice to be financial independent.
    2
  58594. Do realtors have to disclose what's going on with these buildings to buyers or is it ok to just let the current owners to find a bag holder?
    2
  58595.  @MichaelBordenaro  oh really! Well what the heck is up with that? Lol
    2
  58596. same here , recently subscribed as soon as i watched the first video .thanks again. love and peace all the way from freezing cold Canada
    2
  58597. I’m already seeing deflation in food prices here in Australia, it is the top end of buying as you would expect lamb cutlets have come down from $48 per kilo to $28 - $33, bacon down $13 to $8.80, chicken breast down $15 to $9.90. I’m also getting inundated with jewellery businesses having sales. The housing market is in a similar state to the USA but our mortgage brokers are doing okay as we have variable rate mortgages and people are refinancing to try and get a better deal.
    2
  58598. Awesome alott of info how can we contact you
    2
  58599. The problem is the bidding war/game. I would never have got a home if I bid in the market. I bought a new construction price is fixed. Rental price went up as well. But I don't have a closing date. I am a bit worried 😟
    2
  58600. First
    2
  58601. In the stock market wealth transfer is not always in your face….. This sale in the opening … is uber wealth transfer in our face.. bought @844k, +15 months, sells for $1,420k. I can quickly do that math in time and money. Hopefully the new owners can be equally creative in getting some of that 576k premium back 😢 For now they just transferred it on over to the previous owners and they are gone!!!!!! No one put a gun to anyone’s head saying give me $576k or your life? Not at all.. Who knows the stories behind the people in these situations, but I’d take the 576k, make that my max budget, and get another house, if needed, no mortgage on that front. Or wait for prices to drop more…
    2
  58602. Well what a better way for the FED unemployment to go up by inflation to go down supposedly per Powell like he wants then to bring down Bank's Tech sector and people losing many Job's thus Housing Market Downfall? Hmm..
    2
  58603. Michael, it sounds like you're going to be priced out of the market!:face-orange-biting-nails::eyes-purple-crying:............................../s/
    2
  58604. Michael, another great video as usual, since I'm currently looking to purchase a condo in the SWFL area this new questionnaire is concerning. I thought this was limited to condo's over 3 floors since the tragedy I'm Miami, also when applying for a conventional mortgage how do you know if Fannie Mae will be purchasing this loan, thanks
    2
  58605. Hi there Michael great video. I saw your video about price getting higher for houses, but I have seen much more apartments like these on sale on Zillow than before in Miami Beach, and some with lower prices, its a good idea to buy one of these Sinatra's era apartments? It will be easy to remodel? rent later for airbnb? Cheers.
    2
  58606.  @MichaelBordenaro  Thanks for the info
    2
  58607. OMG! Those boats are amazing!
    2
  58608. I am so glad they protect those lil baby turtles! 💚 Hey Michael! How long does the extreme heat last? And is it that hot the whole time? Also wondering if it would kinda compare to where I live now only swap it with rain. People don't like to be in the rain so you're hoppin from car to cafe(or wherever) trying to stay dry. Would that be like Florida? Do the businesses keep their places pretty cool for their customers? Wondering if people still go out... just in. Lol
    2
  58609. That water is so gorgeous! I’m up in Connecticut where our beaches are brown from the Long Island Sound😢
    2
  58610. Haziness from Saharan dust or west smoke fires?
    2
  58611.  @MichaelBordenaro  💯 That’s the reasoning behind it all. Feds will likely lower rates in 2-3 years. I rather swing a slightly higher monthly payment for a few years and refinance then being stuck in a house that is underwater with low mortgages rates. Low rates won’t help you if you need to sell. You will lose likely part of your down payment if you have to sell for less than you bought
    2
  58612. Where they going to go
    2
  58613. 🎉🎉🎉 Welcome Michael and Lisi to California 😊. Just to let you know… it’s 105* Out here in Paso Robles, California 🥵. I Love Larkspur and The Marin County in general. I was in Portland Oregon yesterday and it was also hot 🥵 up there. Thank you for another great video. , Carlos
    2
  58614. China is working overtime to make the yuan the world’s dominant reserve currency.
    2
  58615. Why they cannot be payed by hour,just like me?
    2
  58616. Lovin the beach scene murky or not
    2
  58617. This is how stupid we sound: Come on our Masters & Owners (owners of the private federal reserve who are dark occultists), God's of the printing press, our saviours because only you can print on paper and call it legal tender, although it comes from absolutely nowhere and is only trash, print us some more godpaper so we will be saved.
    2
  58618. Like the guitar collection. Neighbors must love the Mesa half stack. Think the used guitar market will soften?
    2
  58619. 😀Great & very informative video! Thank you for keeping us posted about Real Estate Trends. I also enjoyed learning about investing in Art/Paintings.
    2
  58620. Michael, give us another video on gold or cash
    2
  58621. Wow... Thought I was mis-reading the number of zeros on those EMPTY LOT water front For Sale Prices!.... Nope: 000,000 was correct!?? Holy Crap... There must be a whole different level of wealthy people out there that Realtors think they can realistically list a Skinny Ass water front property for that kind of money! That is a Wake Up to ME. Thanks.
    2
  58622. My solution would be to give up on ELECTRIC CARS!! It's not FEASIBLE!! Invest in HYBRID vehicles!! It's way more practical!! The government is only going TO WASTE MONEY and then go on to the next WASTEFUL PROJECT!! It's SHAMEFUL!!
    2
  58623. House Insurance up 250% in two year..any not unloading houses of compounding insurance for people, fire, and storm damages to self insure will regret that unless they will have money to throw away in 3 years...😮😮 and into rent/ wage increase needs? Or take your clot shot to leave the country!!!???
    2
  58624. Thanks for the acknowledgement 😎 and keep up the good work. PS: Today is such a good day to own the S&P500 Double Inverse ETF. It has helped keeping my portfolio in positive territory YTD while the S&P500 is down nearly 17%
    2
  58625. anyone seeing some dots connect? our cars will be controlled once we go electric, technology is having companies being able to track all we do to sell us more things, im not big on conspiracies, but sounds like we’re going towards all aspects of our lives being controlled , buckle up it’s gona get bumpy
    2
  58626. I like you with your 😎
    2
  58627. why eat greasy hamburgers and french fries when you can just run into any grocery store and they already have salads already made and they only run about 6= $7, we believe younger generation does not want the responsibility of owning a house Too much of a hassle too much of work too many bills high taxes they don't want it So they're going to stick with the parents for as long as they can and live with them for free ideal situation.And then just wait until they pass on and they'll have their house
    2
  58628. That is so nice of you.🙌Most people don’t even know about that and just skip it...😕
    2
  58629.  @MichaelBordenaro  Thank you, Michael. I just cringe at the logistics of the whole thing
    2
  58630. People are getting co-signers to help them buy a motorcycle. So many people are going to get hurt in this nose dive. Imagine being 40 and having your mom co-sign on a motorcycle loan.
    2
  58631. This just reinforces my decision to keep on renting away 🤣🤣
    2
  58632. Hello Real Estate Warrior 😎
    2
  58633. Michael don’t forget that when someone puts a down payment of less than 20% they will be paying monthly PMI insurance. FHI or conventional loan. Doesn’t make a difference you’re still paying PMI. Years ago PMI would be eliminated once the buyer paid down the loan and reached that 20% mark. Now I believe that once a buyer starts with PMI insurance they must pay that for the life of the loan. That’s not too promising
    2
  58634. The market is resilient and won't go down. Yeah, right. Looks like the stock market is crashing while the banks are borrowing at higher rates than they are lending. 3 month vs. 10 year. Unemployment is the outcome of this. We are at 2007 bond yield amounts, and in 2007 we had 8 trillion in debt. Today we have 33 trillion. What do you think the future holds with the same bond yields as 2007 but 4 times as much debt?
    2
  58635. Gold and silver prices has been dropping. It’s a good time to buy since prices have dropped
    2
  58636. Indeed she brightens up your videos.
    2
  58637. You are spot on … AGAIN!! You’re a breath of fresh air and thank you for seeing the truth in everything. Wait until everyone learns about our real history and how they lied to us. That’s why they are trying to cover up the Miami site. They don’t want us to find out. It’s heartbreaking what they’ve stolen from us.
    2
  58638.  @MichaelBordenaro  Thank you, I appreciate your best guess.
    2
  58639. 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
    2
  58640. Thanks Mike, yet another excellent video!
    2
  58641. Rate cuts coming starting in September. Inflation is dropping . Nasdaq up 2.64% today, S&P 500 up 1.58%
    2
  58642. Honesty is always the best policy - keep reporting the $hit show 🤡🌎
    2
  58643. Like the sunglasses, it's your signature but it is good to see you without, so we can see your eyes. What I like most about this channel is the walk and talk, with sunglasses or without, I'll still watch.
    2
  58644. I don't think low interest rates are gone forever. Interest rates is a flawed tool but it's one of very few tools at the FEDs disposal when it comes to impacting inflation. If they want to raise inflation again in the future then I wouldn't be surprised if they even go to negative interest rates again. But that will take time, possibly many years before inflation gets too low for comfort again
    2
  58645.  @MichaelBordenaro  me neither, I wouldn't be surprised if it happens in 5+ years from now but would very surprised if it happens within 3
    2
  58646. Soon all condominium's on the beach will only be owned by the very rich.
    2
  58647. I am so independent and always have been. I think its because l was raised with 4 brothers and no sisters. Lol. I love my alone time. Even while l was married (twice) l was still very independent and always maintained outside friendships and maybe that is why l never stayed married, who knows. Just reading, walking, riding my bike and even traveling on my own is just fine with me. Lucky for me l lived a 5 minute drive from Detroit ..yes rock city, so l went to concerts every week through the 70s 80s 90s and l even moved to Toronto on my own for 5 years before l got married. I was 21 and it was fun. So now l do what l want when l want and l love it. Being alive is such a gift and l can find a million things l love to do..so much so that the days fly by! Be your own best friend. It is worth it! ❤❤❤ l do have 3 kids and they are also very independent and sometimes they even hang out with me. My 23 year old and l play Pokémon together and that's fun too. I find you have to be positive and grateful. That is the attitude l have lived all my life even though many sad and awful things have happened as well. Ups and downs. That is life. Great video. 👍
    2
  58648. At first I thought it was saltwater, but it looks like rainwater.
    2
  58649. I just don’t think there will be a crash. Maybe a slow decline?
    2
  58650. Thanks brotha Mike! Great and amazing information as usual, we appreciate your insight!!
    2
  58651. Outstanding video. Never look a gift Horse in the mouth.
    2
  58652. Market manipulation by Blackrock & Vanguard to force homeowners out. They have their tentacles around the politicians, insurance companies & banks. It's disgusting.
    2
  58653. Interest rates were kept too low. The builders built the wrong things. Go look at the home of the 1970s. That is a normal house. The idea of starter home and moving a lot is over.
    2
  58654. Always love how you elaborate the things you tackle in your videos!
    2
  58655. 👍✅🙀✅👍
    2
  58656. so buying living away from the ocean you think a new car would not get salty air rust?
    2
  58657. Thank you. Four years ago my Brother wired money to my Son. He thought it was safe because they both did their banking with the same bank. The bank contacted my Brother that his routing # was stolen. The checks were changed not once, but twice. After that the bank told my Brother he should change to another bank. That's scary.
    2
  58658. My "freelance" mechanic said he might fix my car for $1489. Should it require more parts it will cost more. No guarantee any of it will work. Back over to Mr. Hyundai next.
    2
  58659. I’m currently in Toronto and I’m 19 looking to move to Vancouver, just went on vacation alone there for a week and I loved it. Need to find work there before I make the move, my girlfriend moved there from Toronto in august so I can stay with her and her mom for the first month. I’m in a toxic family household and it’s always keeping me back in trying to make the move in the next couple months hopefully I can do it. I loved your tips thank you!
    2
  58660. Awesome collab!
    2
  58661. Negotiating power is tactful right now. Lower pricing, rate buy-downs and emotional discipline are prevailing as sellers start to see their equity diminish with rate hikes. However, you can’t put a price on family safety, good schools and building a happier life. I’m buying right now with a nice down payment and great concessions from the seller. Scared money makes money. People who bought during Covid for example.
    2
  58662. Hey Mike I really appreciate and respect ur content and thank u for being so positive and informative"!! I'm a San Antonio Texas native and my family is originally from Corpus Christi Texas. So I luv the beach I grew up going there every summer. I always wanted to move out there to Florida especially Orlando because of Disney World. I have a growing family of my own. But we do want to make our way there soon. Right now we are wking on our credit score along with saving. My wife is finishing school and will be done in about 4yr or less with God's Grace.🙏. I sure hope u could help us with possibly when we are ready moving out there. More than likely we are needing to rent before buy.
    2
  58663. I never thought to ask if you’ve done V.A. loan videos or knew much about them as i qualify for those but since only 5% of people are veterans I assume most people have no experience with it
    2
  58664.  @MichaelBordenaro  saint augustine n saint peterson, which is better bro?
    2
  58665.  @MichaelBordenaro  ayt thanks. Appreciated.
    2
  58666. Thank you for the candor and clear explanations. You are very good at that ! Your new well-groomed look with the face and hair looks terrific and more appealing.
    2
  58667. A day without a leaf blower is like a day without sunshine😄
    2
  58668. Is it safe to visit would you say?
    2
  58669. Answer: Make, and have, a fuckload of money. Simples.
    2
  58670. I used to work on the Embarcadero and this guy probably walked at least 4 to 6 miles. Most of your other videos I never noticed how much you walked because it all looks the same. But having walked the Embarcadero and piers, this guy put in some real mileage.
    2
  58671. Warren Buffet is selling, India just announced they are dumping dollars.
    2
  58672. They already have a Dade county building code .. What's next 100 nails per square to hold roofing systems down ??
    2
  58673. Lolz at the cop that was following him
    2
  58674. Your example of the Woman who can’t afford her home is fairly common. It’s called “house poor”. She needs to own Her decision and enjoy it. The lender to me is more to blame.
    2
  58675. No luck for us seeing any either since we’ve been here in North Florida!
    2
  58676. Great Video - Love both your channels guys/brother 😅
    2
  58677. Michael everytime I see you walking like that it reminds me of Dustin Hoffman in the Midnight Cowboy trying to keep up with Joe
    2
  58678. The government is already too involved in our lives, if they want to continue to loose money on their investment and their investors money, that’s them. That’s not the problem, but only a symptom of the real issue, which is our money system itself and the crooks running it.
    2
  58679. It is clearly more energy efficient to not buy ANY new vehicles since it is wasting materials and energy to make, and this is clearly represented in the lack of overall savings most people would get from buying anything more energy efficient (unless you are perhaps a person or business who's overall use is much higher than most people)
    2
  58680. well Michael, fed did their hike today. said they want to reach 4.4% by year end with only 2 meetings left and 4.6% next year. ease to 3.9% in 2024 and 2.9% 2025....😳 they may back off that timeline, of course, but the fact we were sitting at roughly 0% during the boom this looks like it might confirm the bubble is going to pop and not just in housing. take care sir. another great video.
    2
  58681. Just beautiful.
    2
  58682. Back in 1970, my dad bought a 32,000 house with a 20,000 income. I've bought a 138,000 house with 56,000. I'm not sure why thats a big deal.
    2
  58683. Stockton was always a hard city, it's where Sacramento would send all the homeless and mentally ill since 1950. It has high crime, high violence, high gang, and high drug activity. It's generally unsafe in most places, even inside homes as bullets fly into windows and walls. Giving them money is attempting to placate the socialist masses who threaten even more violence without reparations.
    2
  58684. One thing that I want to point out is that a bunch of real estate “experts” were telling us that the market wouldn’t slow down and that housing prices would keep going up for the next decade because of the number of millennials. I told that this was nonsense because it wasn’t simply a matter of whether they wanted to buy but whether they could afford to buy, and they tried to argue with me using statistics about the number of millennials and the number of homes on the market. I told them that none of that mattered if people couldn’t afford to buy, because the desire to buy is nothing without the capacity to buy. Now look at what is happening with all of these millennials moving back home because they can’t afford to live on their own. I told the so-called experts that this would happen. Maybe sometimes they should listen to the proletariat with real boots on the ground.
    2
  58685. Great insights as always Michael
    2
  58686. Great video which e xplains a lot ...thank you
    2
  58687. Hi Michael, good or you, you where underpaying by a lot. I got a home in Miami upper east side for 500K and I am paying 17K today, another property that I got on foreclosure for 160K I am paying over 12K today. you where lucky to pay that small amount on a 600K condo.
    2
  58688.  @MichaelBordenaro  it’s not perfect by far but I’m a city girl at heart so it is what it is…west of Denver is just so breathtaking that I never get tired of it! Not looking forward to the winter coming up but the elevation really does help make it not so bad! The snow melts super fast.
    2
  58689. Somebody wrote they had like 7% of charge left on their Tesla, got to a charger, but it was so cold (-40C) the charger wouldn't charge the battery until it heated up the battery, by then he was out of charge. He had to call Tesla for a tow. Tesla said they'd tow it 600 km away to a Tesla service center. The owner said to take it to his house and he'll charge it in his garage. So you need home charging or your car is gonna get towed too far away. NYC morphed their electric garbage trucks into snow plows and they ran out of charge after 4 hours. It's not like it takes 10-15 minutes to recharge the truck.
    2
  58690. In many cases college is not worth the cost of the degree
    2
  58691. I love your videos that give hope to those waiting on the sidelines to buy! LOVE THEM! There are lots of videos on the economy but few cover the true story of the housing market like you do! You rock!!!!
    2
  58692. imagine a prolonged power outage in a high rise. especially if night time temps crash in February and there's no heat. Now the whole place is flooding with broken pipes. Heck, ask Texas. They know.
    2
  58693. Amen to loving freedom in FL!
    2
  58694. Love your work ❤
    2
  58695. Bob Iger doesn’t appreciate you describing his job as Mickey Mouse and he doesn’t know what the unemployment line is…
    2
  58696. Most of the people arguing with you bought their property in the last couple years and they can't fathom the fact that they are absolutely FUKED.
    2
  58697.  @MichaelBordenaro  my hometown is Los Angeles, but to be honest I love Florida better it's way cleaner and the beaches are clear & relaxing.
    2
  58698. Great reminders for all of us to stay diligent, Michael! Merry Christmas to you and sweet Lisi!!!
    2
  58699. Cool guitar. Reminds me of the sound of Randy Rhoads playing with Ozzy on Diary of a Madman! 👏👏👏
    2
  58700. Do people rent homes with pools because it seems dangerous that someone could easily get hurt on your rental property?
    2
  58701. It’s a depression Bro... When more than 70 million people are getting some sort of food assistance instead of food lines some of them on food stamps but some of them are going to food banks the difference is they have more food banks more food stamps so there’s no lines like during the depression... And the petro dollar has Already collapsed; they have more than $100 billion in debt from the hurricane and now another hurricane is on its way.. The floods were more like a tsunami but they probably don’t want the public to know... I used to live in Fort Lauderdale I’m glad I’m on the West Coast up in the mountains 🏔...
    2
  58702. I like Car Questions Answered channel!
    2
  58703. The hairstylist makes $80k a year and got low income housing?
    2
  58704. Vote out the politicians that keep raising your property taxes. Politicians use the increased revenue to raise their own salaries and pensions.
    2
  58705. Good call not driving into SF. If you have your car locked they will bash your window in so locals leave their vehicles unlocked and take out anything of value to avoid it
    2
  58706. Why do sellers care how much downpayment the buyers are putting down?
    2
  58707. I was wondering: Are the beaches still accessible by night?
    2
  58708. Ahhh, Indymac Bank of the future
    2
  58709. I think the main problem is many people today live in a bubble. They live in nice gated communities and so does everyone they know. I work with lower income people and have directly seen the effects this housing market has had on people here in Florida. There are some people who won't get it until they pull up at their pharmacy, local grocery store or amusement park and see the closed signs. The way things are now are not sustainable. People can only work so many jobs. Local governments have severe staffing shortages in many states because of the rapid cost of living, many of these are jobs required by federal law. It's a major problem in Florida! For example the City of St Pete has had to begin to offer $500 per month in rental assistance to its employees because they can no longer afford their rent on their salaries. Every time I post a link my post gets removed but you can search for it and find the page. This money will come from tax payers as there is no alternative. People that say 'let the market do its thing' are very deluded. This problem cannot go away or self-correct. I don't think building more will help as even if there were suddenly a few million more houses they'd just continue to be bought up by investors and foreign wealthy people. The government has to get involved and tax them heavily and use that to offset the necessary help if they don't want to 'deter' investors. There are already a lot of government sponsored first time home buyer programs that provide money to qualified buyers. I think every county has one at least. It's the only way they can hope to keep people working in these no longer affordable communities that still need people to work there. An entire city of wealthy SIlicon Valley home owners still needs people to work a Whole Foods, the gym and the spa, don't they?
    2
  58710. i live in northen ca
    2
  58711. Some have told me, that their taxes and insurance is in the process of selling because they couldn’t pay for it.
    2
  58712. How old are you Michael?
    2
  58713. Thank you Michael, great video. Good points about HOA’S. It’s something you really have to think about if you can afford to live in one.
    2
  58714. Bro the family is all messed up. I grew rough, most girls now have kid with some big loser and expect it all for her and the kid. They don't like if ur good with money and work hard. Dream about dumb Disneyland and vacations, new cars, ect. The tables finally turn and they will need shelter. Be careful
    2
  58715. History repeats itself
    2
  58716. Something will give houses will have to come down drastically,can’t afford if 8 percent interest! Won’t work people don’t make enough income especially with inflation… at least in 80’s interest was high but homes were affordable to income ! You can’t buy a 450k home 10 percent down and pay 8 percent and pay $3400.00 Aprox 30 years that’s suicidal….. Depression coming worse then 2008! Just a thought
    2
  58717.  @MichaelBordenaro  Darn right! Home movie night or game night is fun! As is taking picnics in a park... Spending time at a local lake. Maybe I can land that big bass that broke my line last time... Use our kayaks and enjoy our local lakes near where I live. Do some wildlife watching. I could sit in a boat and fish all day and watch the Osprey swoop down into the water and catch a fish... Dead silence except for a bit of wind and the sound of the water hitting the side of the boat and the sound of the screeching of the Osprey(or Eagle) flying over my head... Total peace. 😊
    2
  58718. Happy birthday Michael!
    2
  58719. Good video enjoyed it.. We Can't go back in time but if you're NOT a US citizen for 10 years, My rule would not allow ANY entities to purchase of any kind of house or land. To many Veterans fought for the freedom for the world and this country! millions died! My family came here 100 years ago around 1920 legally and worked hard. This s#$% going on in the government is wicked PERIOD. I remember visiting Miami every summer in the late 70's as a little kid, it was beautiful now it looks like crap. I am sorry what happened to the Native Americans..much love to you good people.. Ok i'm done.
    2
  58720. I didn’t get generational help .. but I’m ok .. opened several businesses closed several businesses.. keep on trucking along. . Been dept free for a couple decades.. left Florida in 2006. .. no regret s ..
    2
  58721. Just another regular day in the 305! Great info Michael! Lmk when you got a minute so I can buy you a beer at Monty's!
    2
  58722. The only real hope is when the bubble finally does defalte that the Fed is unwilling to restart QE. The great thing is that buyers in south Florida are the stupidest suckers on earth. We will be the last to deflate while other areas are circling the drain. Wait to sell your dump here until you find a better place someplace else.
    2
  58723. @3;43 Michael passed Jay Gatsby's estate.
    2
  58724. Thing about CBDC you can't save any money. It expires.
    2
  58725.  @MichaelBordenaro  Thank you! Your videos are incredibly insightful and you are killing other Youtubers trying to do the same thing.
    2
  58726. Wages will go up if we restrict immigration. No need for a crash if we stop immigration and everyone will be able to afford a home
    2
  58727. i am in the uk and houses arnt really selling like normal and starting to come down a bit to sell
    2
  58728. Hello make prices go back to 1960's. My dad bought a brand new 3 bedroom house 2.5 bath plus yard for $30k Hello. You people think you getting a bargain. Don't make me laugh. Here's another one my friend parents 1940's Brooklyn brownstone $45k Now those are prices!!! the brownstone sold for $1.5 MILLION after his parents died.
    2
  58729. Is now a good time to buy silver? Adjusted for 1980 inflation silver should now be closer to 190$ per ounce. Not including the premium!
    2
  58730. Very informative Michael
    2
  58731. I see a little increase in inventory in 32168. However, prices are still inching higher and homes are selling in days/ weeks. Still a sellers market. No new apartments here. New homes are being built. New apartments are being built in the Daytona area. Rental prices are out of range for local job market. The government, at all levels, is wasteful and not accountable. Thanks for a great update.
    2
  58732. I can't say where I work but I work 8 hours a week as a hostess at big chain restaurant. People walk out without paying the bill here and there. Or stealing in the store. We are not allowed to say anything to them. It's a safety concern. So even if you see them leave you have to tell them to have a good day. One server who worked at this chain in Florida for years. She said one man came in 3 times a week and never paid and no one was allowed to stop him. I figure for one this company believes in karma for sure. They don't want people to be hungry. There are homeless who come in at times to eat. If they need help the store helps them.
    2
  58733. Could it be that a property management company bought this ran into financial trouble because of mismanagement other assets, etc.?
    2
  58734.  @MichaelBordenaro  Let me clarify what I meant. The owners of a property management may have run into liquidity/solvency issue elsewhere, triggering a default with lenders who foreclosed other assets under the owner (this house could be one such example, despite it appeared well kept).
    2
  58735. Off topic but your shades are your signature on your thumbnail post always I catching. But great content as well 👍🏾
    2
  58736. The police should look into this $1.5 million transaction fund, where's the money come from? money laundering?
    2
  58737. SBF is down to a $1, 8hrs later and headed to prison...oof...
    2
  58738. I like to be on the west coast because it's more protected from hurricanes
    2
  58739. fort myers beach
    2
  58740. You won't see the lowest prices till 1-2 years from now. It's just the beginning. Sit tight.
    2
  58741. what about water out west, and fire
    2
  58742. Love this house
    2
  58743. wow my home insurance is literally under $500 a year for 400k! You people are rich rich
    2
  58744. Inflation is NOT going down, it remains steady if not increasing. Be smarter.
    2
  58745. I did it dude I moved to Melbourne Florida I miss my home Miami but I’m living in a luxury apartment for 913 a month with wrap around balcony in my bedroom and my living room same apartment if you can find it in Miami would cost 25 hundred to 3 thousand and in unit washer and dryer
    2
  58746. I enjoy all your videos keep up the great work. Home in Central FL and FL Keys so feeling these insurance rate hikes
    2
  58747. It’s funny how everybody is arguing over this settlement. If 3% is such an issue for seller or buyer…. They probably cannot afford the house anyway. Sellers have every right to offer what they want, and buyers would/should feel entitled to offer what they think their “agent” is worth. The only people upset are the people who have benefited from the collusion behind the scenes!
    2
  58748. The Fed will re-target the inflation rate from 2% to 3% in time for the Biden re-election
    2
  58749. What neighborhood is that. It looks familiar???!
    2
  58750. Hehe you changed the title of the video. This one is definitely more catchy.
    2
  58751. I went to college and paid the whole thing myself. I agree, Biden's actions are criminal. Taxation without representation.
    2
  58752. It’s been very windy 😊
    2
  58753. Really enjoy and learn from your channel! Daily listener. This video is so interesting Wonder what his view is now 6 mos later?
    2
  58754. Screw the Banks, They are the Evil doers!
    2
  58755. Debt doesn't matter if people are paying it off.
    2
  58756. You are totally right.
    2
  58757. Little did you know of the collapse prior to filming. It seems a ice place to visit and I know a few people have places down there, but for me not to live there.
    2
  58758. Would be my luck to get rid of flood insurance while living on the 10th floor and then the polar ice caps melt...
    2
  58759. Well now I feel obligated to tip you, Michael. 😂 😆 😂
    2
  58760. Groceries are so expensive now, have you checked the price of eggs!
    2
  58761. Problems are part of life and you have to deal with them.
    2
  58762. I worked for a large company the had a max 3% yearly increase. Good luck making any money there.
    2
  58763. FWIW Southern California started the year with 50k-100k price cuts in a fair number of houses for markets close to the coast. $800k houses in 2019 are around $1.1M today.
    2
  58764. Love the police boat 👍😁. Spot on commentary...!
    2
  58765. Michael, I know you’re not a big Dave Ramsey fan, (and some other commenter may already have beaten me to this), but he says most people don’t need to buy long term care insurance until age 60. He says a very tiny percentage need it before age 60. I haven’t gotten it yet, and I’m 63. It kind of got away from me. I do still want to get it. When I was first checking into it at around age 58, I learned it could cost about $200 a month.
    2
  58766. What are the factors that you see causing a crash in FL residential real estate?
    2
  58767.  @MichaelBordenaro thx. Keep hearing that is on the horizon but not sure what the indicators are. Many FL buyers now are cash buyers. Thx again!!!
    2
  58768.  @MichaelBordenaro  many people buying in FL now are paying cash. So that it seems neither of those points matter. Although the prices seem high to FL residents that have been here for a long time these prices are tame compared to CA, NY and Washington state marketings. We sold a home outside Seattle 6 years ago thinking we got a crazy high price for it. Just looked and the value of the same house is 1.5 million. 1600sf 3/2 in a typical neighborhood. No view etc.
    2
  58769.  @MichaelBordenaro  what seems relevant about that to me is that those buyers from other markets are flooding into FL. Markets might track somewhat together but a specific area can escalate while others are falling. That happened in NYC while FL house prices rise. The factor of people working from home will continue to be important.
    2
  58770.  @MichaelBordenaro  did not know that. It had been our goal for many years to move here. We were finally able to 6 years ago and have no thoughts of leaving FL🤣
    2
  58771. Insurance is a guaranteed rip off, don't do it! I agree with you Michael
    2
  58772. you are hearing "refi later" bc they want the sale & commission. another lie is 'its a good time to buy' only if u can afford the high payments now. i saw on u tubers site where she does "finances", she was SHOCKED they are including property taxes, haz & hoa in the qualification number
    2
  58773. Wow, early for rain there.
    2
  58774. Interesting idea of no commissions but instead of a hourly rate
    2
  58775. Rock on my friend ❤
    2
  58776. I went there before, the Emerald Coast was great!
    2
  58777. Michael,....well it is official,....you are a celebrity.Do I see a parade for you back in Belvidere ?Small town boy makes it big,..never forgot his roots,..stayed humble etc,etc.You know the drill.
    2
  58778. YA, The TRUTH, Is THE ONLY TRUTH, Everything Else Is BULL SHIIT!!! 👍😎!!! Good For YOU!!! 👍!!!
    2
  58779. OMG this video definitely makes me want to visit. I will in Orlando this weekend looking at apartments and will see how long that drive is . Thanks for doing this video Mr. Bordenaro!
    2
  58780. When we were looking for a new place in 2021. We are looking across multiple states / counties in those states. We would sign Buyers agent contracts that were line itemed for the counties the agent would show homes to us in. As agents did not want to waste a bunch of time traveling 2 hours to sites way outside their area. Plus we would limit the time. The contracts would say 6 months. It needs to be a equal equation agreement.
    2
  58781. Oil is not factored into the CPI.
    2
  58782. 8:30- Was that an SIB police car? They can afford to live over there? I'm surprised any police can afford to live over there...😊
    2
  58783. Tesla. Read this response again in five years.
    2
  58784. If the owners of the 25K a month rental are watching I can do a solid $1600 per month 😀
    2
  58785. Just saw this video and I have watched several of your other videos. I’m curious why you are a realtor in Miami and yet spend a lot of time researching homes all over the state of Florida? I assumed you would only be doing real estate deals in the Miami area. Do you do real estate deals in Sarasota as well? I’m planning to move to Sarasota in the next few months, and assumed that only a local realtor in that area would know the real estate there.
    2
  58786. the cost of the houses in your area for those houses are way over priced, those houses when build sold for 30000
    2
  58787. So you mean people from Europe come here to delivery baby's in order to stay here?
    2
  58788. Love the channel and your videos
    2
  58789. Thanks!
    2
  58790. Michael we went to look at a courtyard house that was renovated. Nice job. Was 980000 is now 920000. Cant sell it. Someone e offered 850000 which he refused. He is having a new house built in the same development. People who remodel their home and selling it do it to make money.
    2
  58791. Big reason for migration into FL, TX, TN are the low/no state income tax (paired together with the 2017 tax changes that stopped people from being able to deduct state and local income tax). I doubt that this migration, and the associated housing cost bump, will change until/unless those SALT deductions are allowed again.
    2
  58792. It was that dark at 4:46pm?
    2
  58793. Yup, those are all the Ty I checked for, what did they buy it for and when how much are they trying to make. Almost every time, it’s pure greed, 300k in 2 years etc
    2
  58794. Down to the river to pray song to get baptized scene right now.
    2
  58795. A lot of video game coders are laid off because the studios insist on producing woke content that no one wants.
    2
  58796. The American dream has become the American nightmare. Yes, blame inflation and not the politicians that create it.
    2
  58797. lol. The leftists gonna be mad. You know the people I'm talking about. The ones always trying to prop up the bottom 1%, but never take any of these people to their homes and let 'em sleep on their couch.
    2
  58798. Happy Birthday!
    2
  58799. Good luck to all this people making does ridiculous claims. Like I said before, dreaming is free.
    2
  58800. Boomers and following gen spent $ to keep the economy going. US GDP is 70% consumer spending.... so, if the boomers (et al.) didn't spend, where would the economy be? You can't spend and save at the same time (avg. Joe/Jane)... ipso facto, we are where we are... this is where pseudo-capitalism has gotten us ...
    2
  58801. Where is everyone 😮
    2
  58802. definitely DO NOT USE A BROKE AGENT
    2
  58803. does a credit crunch affect VA loans?
    2
  58804.  @MichaelBordenaro  Agreed! 👍
    2
  58805. Congrats on your channel! I always enjoy and appreciate your content!
    2
  58806.  @MichaelBordenaro  I also have a loving Brazilian wife....congrats. USD goes a long way there, in my mind I see us living there in the future in the event of the US financial system collapse. Cheers.
    2
  58807. I once lived in Pensacola. Florida in a 1990's modern apartment 🙌 building. I lived 15 minutes from the beach ⛱. Pensacola has crystal 🔮 clear white sand beaches 🏖 and clear ocean water 🌊. If you do visit Pensacola check out ✔ the local restaurant Rosie O'Gradys a local institution where you can get good food and live entertainment.
    2
  58808. I love my 3rd gen civic si. drove her off the lot!
    2
  58809. I like those glasses. Cool Sunglasses 🕶️
    2
  58810. Great video Michael. Let's get Michael to 1m subs by the end of the year!
    2
  58811. You only pay capital gains taxes on the amount over the exemption so selling early to avoid the tax makes no sense at all. You'll just get less but still more than you would if selling for less.
    2
  58812. Europe home prices are dropping because they’re all moving to florida
    2
  58813. A few years ago on the south side of Indy a guy left his gas on, his house exploded and leveled the neighboring houses. Nothing is 100 percent safe. Once they narrow down what happened and what should have been done to prevent it, people's qualms will subside.
    2
  58814. Oh welllllll
    2
  58815. Sounds like there is a liquidity crisis, yet we are told inflation is too high? Something doesn't add up here people. I don't think the "inflation" is due to too much liquidity out there.
    2
  58816. It's true that PPP money probably saved the economy. It's also true that it wouldn't have been necessary at all if the Cabal hadn't carried out the Plandemic.
    2
  58817. Micheal what’s with the issue and reason down in Florida that homeowners insurance companies are now canceling insurance if you have solar panels on your house? Is this another reason for insurance companies to leave Florida Seen the article on google and a news report on this down by you.
    2
  58818.  @MichaelBordenaro  Very informative. I’m Looking forward to a (hint hint) Miami Boardwalk talking video, at new cool temporary location since it’s closed, lol.
    2
  58819.  @MichaelBordenaro  I thought it was closed entirely? Maybe I heard it wrong lol
    2
  58820.  @MichaelBordenaro  thanks for the info, so my hint still stands! LOL!
    2
  58821. Great info! Thanks Michael.
    2
  58822. Obviously, it's still not high enough, because nobody is moving out. 😂
    2
  58823. Sounds like you made the right choice. I live in Arizona now (since 97) and I really want to move to Florida now for those same reasons! I miss the green/lushness there and also the beach of course.
    2
  58824. No surprise that NY is on the list. NY government is the most corrupt of all 50 states. Lived here all my life. No idea why I stay, all my friends have moved out.
    2
  58825.  @MichaelBordenaro  Great! Excited to see the rest of the videos, AND that you are getting to go out of town again, and will surely have MORE great videos for us! :-)
    2
  58826. Overall good video but I disagree about the tax credits and the landlord having to hold the bag. Landlords can’t afford their bills when their revenue gets cut from an eviction moratorium. It shouldn’t fall on the tenants either. It’s the fault of government intervention. So don’t let them get involved with tax credits either whenever their intervention is the reason we are seeing all of these problems. They need to gtfo and let the free markers work in my personal opinion.
    2
  58827. Your 2 scenarios Cash vs Mtg and that you make a higher percentage ROI by carrying a mtg... In your 2 examples the reason the Mortgage looks better than paying all cash as far as the percentage of ROI is because in your first example you combined the $1500 for each unit for a total monthly income of $3000. That gave an approx ROI of 11.07%. In the second scenario with the all cash and adding back in the mtg approx $900 for a total of $1500.00 and then doing the math only gives an ROI of 6% that's because you needed to use the full $3000 per month plus the amount of mtg savings and that would give you a higher ROI. These 2 scenarios weren't Apples to Apples. I totally agree that by having a mortgage frees you up to have more money for a second down payment and so on. I just wanted to bring this to your attention regarding the 2 scenarios. Love your videos by the way. Very helpful.
    2
  58828.  @MichaelBordenaro  Michael. Were you comparing the the cash ROI % to your first scenario Mortgage? Because in your mtg scenario your ROi was based on income of $3000 not $1500. That's where the confusion is because that would make the mortgage ROI comparison better than the all cash ROI scenario based on a $1500 monthly rent income before adding back in the mtg payment. That's how I understood your 2 scenarios. Thank you.
    2
  58829. Hey Michael , have you ever researched your surname?!
    2
  58830. In this coordinated MAX PAIN popping of the biggest coordinated worldwide bubble of everything... now with record inflation, spiking interest rates and sneaky mass layoffs of the highest paying jobs at the biggest and sexiest companies... prices will "fall" only 20%... to where they were just ummm... 1 year ago... to where they were in the middle of the euphoric 2 year blowoff top of the decade long housing and EVERYTHING BUBBLE MANIA??? This analyst also predict the Sun will rise again tomorrow? Recency bias extraordinaire!
    2
  58831. The least expected outcome is always within the realm of possibilities. You are right about that.
    2
  58832. Can’t argue with your thoughts and facts…
    2
  58833. What are your views on the Fed breaking something before they reach their goal employment, inflation, and TBill rates, and being forced to lower rates? (yes/no?)
    2
  58834. AI generated videos are the worst! Humans forever!
    2
  58835. Your popular. You just posted this video 10 minutes ago and already have 214 likes and 35 comments.
    2
  58836. Live stream?! When? I know you were in your office yesterday in your Metallica t-shirt. Was there another video that I missed?
    2
  58837. Done at 51 medical reasons . 😁😁😁😁😁😁
    2
  58838. California?
    2
  58839. Why couldn't the owner list the house on Zillow as a For Sale By Owner property? I've gotten buyers to pay my commission on a FSBO property. I go in and get them a deal that had the FSBO property owner hired an agent to list the property, they would have netted out a lot more money when everything is said and done. I've seen people get low balled over and over when they don't hire an agent. One woman selling her deceased fathers house back in 2021 finally took my advice and hired an agent to represent her. She got $60K more for the house than any offer received before hiring an agent. The house ended up selling for $275k.
    2
  58840. I love your sunglasses Michael. Btw! I loved to wooden boardwalk. Too bad they have demolished it all the way on the beach
    2
  58841. Hey, two of my favorites!
    2
  58842. "Business never stops."
    2
  58843.  @MichaelBordenaro  Michael, you didn't upload a video yesterday...and look what happened; a 7.4 earthquake in Taiwan.
    2
  58844. FUN FACT: There is NO time limit for the FDIC to pay lost deposit claims....so , keep that in mind folks..
    2
  58845. Unfortunately, I think they are in lala land where they are desperate
    2
  58846. Florida has always been the vacation spot for my family for many years and I have stayed in South Beach but now I live here full time and the one thing that stands out about Floridians is how they respect the wild life and take great care keeping the ocean and beaches clean SO when I saw that photo you put up with all that garbage on the beach left behind...it just screams total disrespect. I can't believe these people think that is okay. Can you imagine what it would look like if these same people lived here. The place would be unusable in no time. I like the quiet like you so thanks for the great video.
    2
  58847. Valuable information. Thank you. IMO, information could have been delivered more concisely.
    2
  58848. Very useful news! You saw it coming Mike!
    2
  58849. Thanks for showing Florida to me. God bless you and yours.
    2
  58850. Larkspur Co is pretty too.
    2
  58851. I don't believe In any climate change it's all bs and that it's not getting more hot naturally there's other reasons for that in the city's
    2
  58852. Do what they do in Italy, get up front payment for the full rental period plus security deposit
    2
  58853. Never have truer words been said “all eyes are on the feds”. Soon as Powell pivots is off to the races. Even if the housing market cools and loses 20% it’ll gain it back and then some in a few months. I don’t see any other situation happening. Eventually the pivots coming Powell won’t risk tanking the economy to create a Great Depression #2.
    2
  58854. This is the cause of a bunch of 3rd world people coming here and playing the same games they do in their country of origin (yes I have been to South America and this is the same games they play over there)!!!!! I am a long time Miami native so I have watched this all happen little by little and it’s at a boiling point, and the cops could give a damn less down here it’s sad!!!!
    2
  58855. adult children need to pay rent aslong as the do that they are fine. the big reason adults need to move out is adults need freedom and may not respect someone else's life choices
    2
  58856. Denver is crazy too
    2
  58857. Yeah that was an interesting video from George Gammon. That seemed risky of him to say back to 2012 levels but I am glad he said it. I get so much criticism for even saying that homes may not go up next year. I am getting pressured to buy right now but I am a first time home buyer. I have been saving for so long it just doesn't make sense. I am honestly a bit worried of what will happen in 2023. I am prepared but I wonder how bad it will be. it is difficult to know that because I could also see it going the other way too.
    2
  58858.  @MichaelBordenaro  Exactly, especially with the footage in multiple-locations!!
    2
  58859.  @MichaelBordenaro  Thank you Michael! Appreciate your content! 😀
    2
  58860. 1st oh my gosh
    2
  58861. On the ReFi - isn’t it mostly people who got in in higher rates in past two years just refi-ing into the lower rates. They lost 1,2yeara of payments, call it rent.. but they can bring the rate down by 1-2%
    2
  58862. May 2023 be a fruitful year monetary wise for you!!!
    2
  58863. Happy Birthday, I enjoy your content keep up the great work.
    2
  58864. Why are people on the northern border treated differently?
    2
  58865. Condos should have once in a while fire drill practice as the schools.
    2
  58866. Is it true that you’re first offer is usually the best offer ?
    2
  58867. Yes, price need to drop as they went up 100% of the price! Buyer need to stop buying until Builder Sellers drop the price!!!
    2
  58868. I understand your thinking about affordability but a recession? How does that square with the most recent jobs report and historic low unemployment?
    2
  58869. Even if The Fed pivots and holds off or reduces interest rates I predict the banks will not be quick to respond. The banks will linger at the highest possible rates for as long as possible
    2
  58870. Do you happen to know if in Sarasota County it's possible to put a tiny home in your front or backyard?
    2
  58871. How is the migrants leaving florida affecting hauseing
    2
  58872. A housing market crash would do damage to the momentum of building. And we need healthy building, it’s just that they’ve been focusing on building all the wrong things: too many luxury properties but where are all the people who can afford those? Last time I checked the job market anything worth any money required massive amounts of education and specialty skill. As far as prices, they’re already being said to be coming down substantially but whether or not that pattern advances remains to be seen. Tweak interest rates up or down all they want, but the class who can afford all these expensive properties are a minority of citizens
    2
  58873. The stock market is legalized gambling and the house always wins. I don't trust it ...ever. Would you play monopoly with a psychotic invisible player that controls the entire board? No, thank you
    2
  58874.  @MichaelBordenaro  once again, you're welcome, but do you have issues with the 13
    2
  58875.  @MichaelBordenaro  right, but seriously, you should post some videos on your second channel to see wether if the 11 pro max is actually worth it over the x in 2022! Don't get me wrong, I like the 11 pro max, it has some good benefits to consider when it comes to mind, but i prefer the 120hz displays of the 13 pro max over the 11 pro max's displays, though it didn't actually have an option to disable 120hz in settings like on the iPad pro, which the 13 pro series has!
    2
  58876. Mine went from $3,200 to $5,800. No reason. Never made a claim. Fucking bullshit.
    2
  58877. I’ll will stay where I am. No thanks.
    2
  58878. Exactly NO customer service. So if you Paid your workers more perhaps they would be more diligent. In fact they want all the money for themselves so they won't even hire cheap workers. How about they are Billion Dollar businesses so why not pay 3 off duty officers as security. Sorry NOT SORRY for Target!
    2
  58879. ❤️love your expertise I’m in Canada having my house all paid if’s I wanted to sell not the time to sell or buy just to get true these times living no depth is all better maintenance of the house 🏠 is another thing being a widow but I know having to fix it love your honesty off your Chanel ❤️
    2
  58880. People also want to get out of the cities and get into a safe place despite the cost. They know what the elites are planning for us.
    2
  58881. My favorite pitch is "the value is in the land" for a hoarded foreclosure priced like the fresh renovation next door.
    2
  58882. Houses in CA have dropped from $350k to $300k, not to mention apparently home building companies are being killed right now
    2
  58883. All politicians everywhere from either side of the uniparty hate you and your family, if you are middle class or soon ex middle class then they hate you MORE and want more for them and less for you and your ilk.
    2
  58884. I can't imagine a 60k annual tax billing, but THERE you are.~
    2
  58885. Beringer's is my favorite vineyard. It's beautiful! Their reserve cabernet is delicious, too.
    2
  58886. I recall 2011s in south Florida.....not pretty. rinse repeat recycle..
    2
  58887. Love all your videos 😊Great information Michael 👍🏻
    2
  58888.  @MichaelBordenaro  LOOOL, aw well they are trying! It’s good!!!
    2
  58889. Woo hoo! 300K🎉 🎉🎉
    2
  58890. Love the new shades.
    2
  58891. Everything is going according to feds plans so from their perspective this is great news. I'm sure they're busting out the champagne right now
    2
  58892. Wow! Miami so beautiful and I also love all those Spanish homes. Great inside and info that you're giving us.. thank you and take care
    2
  58893. I'm wondering if corporations are losing massive tax incentives because they are no longer raising the population, which brings in more taxes. 🤔
    2
  58894. Sir you are one of the sensible man on this earth. Not much like you out there. Wish more men were wise like you.
    2
  58895. I have seen better tool sheds than those homes you showed.
    2
  58896. @5:45 "... a $5,000 dollar expense ..."; bud, for some, that's a few months of daycare! Life is definitely way more expensive nowadays! BK
    2
  58897. PERFECT!!! I left California because of the mess there. They've spent billions in CA to "help the homeless" and just made it worse. Michael you say all the things I'm thinking. The system is designed to discourage people from taking care of themselves. No dignity for you.
    2
  58898. Dig a bit deeper Michael. The IMF is a nightmare. It’s in essence an EU-managed global loan sharking operation. This is not hyperbole, but fact. Many score of countries have been run into the ground, with populations emisserated and impoverished, social services, medical services etc cut to the bone due to arm-twisted IMF and/or World Bank dictates. The IMF steers national economies to structure in such a way as to favor the windfall profits of big international banks (mostly EU or US based), bond market speculators and big Western corporate investors. The IMF and world banks mercilessly bleeding countries dry for 70 years is exactly the reason why the new BRICS system is now proving so attractive to developing countries. Again, your intentions are good, some of your points on this subject are indeed on-target, but please do dig deeper before coming to any quick decisions as to the real import of any such statements or pronouncements by the IMF.
    2
  58899. To the FED, deflation is like concentrated kryptonite, they'll lose their power if people can afford anything
    2
  58900.  @MichaelBordenaro  I love your videos and those shades are cool to!
    2
  58901. Florida is going to end up having to self-insure and rates are going to be insane. When you pack this number of people into an area prone to disaster, you increase the cost WHEN a disaster occurs
    2
  58902. Happy 3 year anniversary you have come along way! The jobs report is fake people don't realize. More company are laying off. Thanks for the vid!
    2
  58903. 36:58 I`m here after the Champlin towers collapse. That closing lines shot turned out to be quite surreal.
    2
  58904. Craziness subject retirement
    2
  58905. Good afternoon Mike ! 😊
    2
  58906. Just stop trying to fix things. Every time they try to fix something they make it a lot worse. Require 20% down is basically all you need to do. Prices will drop to the prices they need to be for people to be able to afford them. You may have to go through pain to get to that point, but it beats the government trying to fix it.
    2
  58907. My sister lives in Pensacola. Been there many times.
    2
  58908. Buy a car before you move or after? I personally buy before I move. Thoughts?
    2
  58909. Hi.
    2
  58910. I am planning to move with my wife, who’s a teacher, to Palm Coast where my parents live. We are having a baby and we are from Washington state. Kind of tired of the crap politics of my state currently. Things are way too expensive lately to even live and Florida seems like the best fit for us in ALL categories of our life. I know we may take a pay cut but I am hoping we can make a decent living and have a quiet area to call home. I love Florida. So much to see and do. And I’m hoping to share it all with my new son and my wife. Does anyone know anything about the school districts here. Washington is really bad. I know Education is kinda bad everywhere these days, but can my wife get a job being a teacher in this county? Any hook ups to people who might be able to help would be great. Someone let me know. Would love to connect and talk with you. :)
    2
  58911. Ironically, Maison Grande, the time capsule on Miami Beach at 60th Street and Collins has now been identified after a City inspection as an “unsafe structure.”
    2
  58912. In most states you can't collect on it. You can't just ignore a debt and have it still be valid. Call their bluff. Maryland is probably a mortgage state, they'd havevto go to court 1st and get a judge to allow them to foreclose. They'll never spend thst kind of money to collect on a 2nd which is begind a big 1st mortgage. They paid pennies on the dollar.
    2
  58913. The storm is definitely coming. People that refuse to adapt to a new lifestyle and live off credit are going to cry "woe is me" Too bad for them, they don't have a clue to everything happening around them. They will get a big shock and wake up call.
    2
  58914.  @MichaelBordenaro  🎄🎅☃️🦌🥰💜💜🙏 I'm happy that at least we have this festive season especially for cold snowy weather up here. Keep safe, enjoy life.🥂💝
    2
  58915. Dammm , so many restrictions and laws , lol , make you think if is not better buy some land and build your little cabin somewhere and live free and no monthly payments , iv been thinking about that seriously , always great info and videos , cheers
    2
  58916. Lol. We just paid $200,000 for a 1,800 sqf manufactured home from 2003. We live 60 miles from a city.. not cheaper and there junk maid.
    2
  58917. Wonderful info! Appreciate it! lived in HOA environment for over 30 years! Good and bad both🙏💞
    2
  58918. Homebuyers move swiftly to 'lock in a good deal now': Mortgage rates continue to melt as economists dream of a real estate 'rebound' in spring what are ur thoughts
    2
  58919. There is No fear anymore. They should just close up shop in those cities and towns with no law and order.
    2
  58920.  @MichaelBordenaro  what happens if you type random numbers in the credit card while signing up for amazon prime?. Don't worry I won't do it and also I'm very sorry for these questions I'm just very curious and these unanswered thoughts of mine gives me anxiety
    2
  58921. Thank u for this. I feel like if I don't buy land or a house, ill be shit out of luck but ill wait :) ty! Honestly, I domt know what to do but ill wait :/
    2
  58922.  @MichaelBordenaro  thank you so much for this guidance. Means a lot.
    2
  58923.  @MichaelBordenaro  I sent an email a couple weeks ago and l left a voicemail (I think) a couple days ago. No biggie, I know things are busy.
    2
  58924.  @MichaelBordenaro  Sent a text and email on Monday -lemme know if you got it. No worries if you guys are busy, I hate to be a bother. Thanks!
    2
  58925.  @MichaelBordenaro  I appreciate ya, boss!
    2
  58926. Omg.....We are so similar. I have a 1997 camaro z28 6spd that im making my move in. Im coming from the wi/il border to clearwater beach. Your videos have def giving me more confidence in this move.
    2
  58927. 11,000 views in ONE hour
    2
  58928.  @MichaelBordenaro  thank you so it sounds to me like the best condo unit would be a penthouse corner unit 😆. No one above, and very little shared wall ...
    2
  58929. That is why I left California jobs are scarce and very expensive that's why I moved out of California but I moved to wrong state Colorado and it is expensive and no jobs so i moved from Colorado.
    2
  58930. Google sent 11,000 email and text layoffs today. Amazons 9,000 wow get ready for more crybaby tik toks vids. Little side note SVB top CEO's and directors all received loans equal to $290 million just weeks before the crash on top of dumping their stocks. Sound familiar hint hint FTX. Looks like the bank runs are done by the people running these banks not the depositors, throw some of the CEO's in jail and it all stops without any clown gov't official lifting a finger.
    2
  58931. Hey man idk if you're still replying to comments. But you seem level headed, im moving to Nashville in May and i want to pursue my music career there, i plan on working in distribution since that's what i did here in GA. Got a lil over 2k saved and another 2 k on the way. Any advice appreciated
    2
  58932.  @MichaelBordenaro  thanks man, im not really able to save more because my lease will be up soon. What's some of the best ways to meet new people (musicians especially) in a city you don't have any connections in?
    2
  58933.  @MichaelBordenaro  i also wanted to say that when you said to follow through with it i really appreciate that because im super anxious about it but i know it's what i need haha.
    2
  58934. Nice going Michael
    2
  58935. You may have gotten a low interest rate, They can lend that money for higher interest today.
    2
  58936.  @MichaelBordenaro  Exactly!!!
    2
  58937.  @MichaelBordenaro  Yes agreed, it’s great that you found your formula that works best!
    2
  58938. I agree there will be a big crash soon. People say that lending standards are tighter now, but I think people are doing cash purchases with HELOC loans and cash out refinances. Additionally what you mentioned about the institutional buyers with ARM loans is spot on
    2
  58939. LongBoat key is one of my FAVs
    2
  58940. Pink sidewalks..enjoyed the walk
    2
  58941. My home owners insurance covers wind.
    2
  58942. What time of year were you at that bitch
    2
  58943. Hi Michael, I discovered this channel along with Car Questions Answered a few months ago, with the amount of content it feels like much longer. It wasn't because I was looking to modify my mood one way or the other. I came here looking for facts and maybe little suggestions on how to move forward. I don't need you give me "feel good" stories that just are not true, even if those came to my house and tickled my privates does not change the affordability to live in this house. Keeps the facts flowing, if people can't handle truth there's nothing forcing them to watch this channel. Keep up the great work.
    2
  58944. I get to see different neighborhoods through your videos thanks
    2
  58945. Sarasota
    2
  58946. Someone bought that pos for 1.36m after it was proven not to be able to rent for 7k. The monthly payment on that with 20% down is $8200. add another 1% a year of purchase cost annually for maintainance maybe even 2% cause its old. Thats 10k a month to own a house that cant rent for 7. Even if they paid cash its a terrible investment. CDs pay more returns than that with 0 headache of roof leaks and ac repairs etc.
    2
  58947. Is that a Fadi Jak art piece in the background?
    2
  58948. Stop getting degrees. They're worthless. Get into a trade. A plumber or a carpenter never needs to worry about money.
    2
  58949. Looks very nice there
    2
  58950. Yep, I agree. I'm gloomy. Seems like the WSJ hit the nail on the head with that one. Question is..... How are we going to fix it?
    2
  58951. The only way you win in the housing market is when you buy a home, rent it and make a profit… If you can have at least 2 to 4 houses that you are making money on then you are winning. Otherwise, it’s a waste of money! I rent 2 homes in Jersey and the profit I make from those rentals literally pays for my rental in Central Florida. I’m not buying until the prices drop down to $100-$120/sq ft. 💪🏽💪🏽💪🏽
    2
  58952. Your video and information is Awesome!!!🙏🌞💐 NO AI for me! "Real People Video News" or "No-Deal-Fake-Robots will Brain Wash" the Public and content!!!😥🧐😏
    2
  58953. Michael...you have to watch the Car repo market. Car repo is up...back in 2008 the Condomarket crashed, 2022 is the Car market. Banks have bad Car loans on the books.
    2
  58954. yip...we are at the same spot as you are..I hope the prices goes done 🙏🙏 I worry a lot because we can not pay so much over asking price and we keep losing the houses we like ..it is so unfair.
    2
  58955. Hi Michael Can you please do a video why so many people are moving to Florida? Love your videos
    2
  58956.  @MichaelBordenaro  I imagine the 2 BRs get gobbled up more quickly (share rental possibilities) and/or push the price up due to demand. I used to be in property mgmt of huge apt complexes, and our 2 BRs always moved faster than our 1 BRs. Oddly enough, the studios (we did not have that many at any one property) really moved fast! We never had any available, but our company specialized in month-to-month rentals (most furnished), so the studio was perfect for someone on a short job assignment, or even just a month in Cali to escape someplace else. We had pools, Jacuzzis, gyms, great landscaping, complimentary Sunday brunch, activities, etc. We got snowbirds, business people and lots of young just venturing to CA for the 1st time.
    2
  58957.  @MichaelBordenaro  They were the Oakwood Apts, and I worked at the 2 largest - 1 in Woodland Hills, and the prettiest - in Toluca Lake, on the hillside across from Universal Studios and right around the corner from Burbank Studios and Disney. Bob Hope was one of the investors, and we had a few stars live there for brief periods - Lionel Ritchie (and his band, when they were touring), Vanna White, a couple of Dodger players before they found a permanent place to live are some that quickly come to mind - 1120 units in 23 buildings, so a big place to manage.
    2
  58958.  @MichaelBordenaro  I took a cross-country trip via Amtrak many years ago (they had a special pass of unlimited travel for 14 days for $150), so I combined staying with friends and a couple hotels (for showers and better sleep than a train seat allows), and went from Seattle to LA to KC to NY to Miami to Chicago to Mpls and back to Seattle. When in Miami, I stayed 2 nights at a Holiday Inn (probably a different hotel today) on North Miami Beach, and ate at Wolfie's Delicatessen - a huge place with great NY deli foods, so I was very close to where you now reside. Last time I checked (in 2013, when I took Amtrak to my cousin's 's wedding in CA) that unlimited travel pass was now $700, and had several restrictions. Yes, it is a small world! Cannot say I have ever been to Belvidere, but many trips to Chicago area, and drives through other parts of IL. Was involved with a group looking to buy the Pere Marquette Hotel in Peoria, when it (and the entire city) was having severe financial difficulties. That was 1985, and the good thing was (I stayed in STL right after), I got to see games 3, 4 & 5 of the NLCS with the Dodgers and Cardinals (LA had won the first 2 in LA - I was at game 1, but traveling east during game 2), but LA lost all 3 @Busch. Is Belvidere due West of Chicago? My brother graduated from chiropractic school at Palmer in Davenport, IA, so had to fly into the Quad Cities Airport. Also went to away cfb games at Illinois and Iowa, so stayed in Illinois then as well, butvloved going to NW games in Evanston (beautiful campus), where you could stay in a great hotel on the Miracle Mile, and take a train to the game. Did that 4x! I cannot say I am wild about IL, but Chicago is a great city for a weekend. The architecture tour on the Chicago R. is one of the best tours in America! The pizza (and entire food scene) is pretty great!
    2
  58959. Bidenomics in action 👌🏼
    2
  58960. Was reading an article ,,about the condo issue in Miami. Miami had the a massive amount of condo over 40 years old. close to the waterways and ocean. . There are almost 1.5 million condo in Florida and over 600k are over 40 years old..37% in Broward and Miami-Dade counties, with more than 16 percent Broward and more than 20 percent in Miami-Dade...Whta will happen when people get massive assessment ..can they take loans over time or will they be forced to sell
    2
  58961. Excuse my ignorance, how does one buy 2 yr treasury? Thank you Michael for all your great videos. Very informative and you're insights are greatly appreciated
    2
  58962. To bad majority of American are basically broke and leaving way over their means, and more in Miami. And savvy buyers will not buy with ridiculous prices and interest rates.
    2
  58963. Rent control doesn't work, but printing money to drive up home prices, and suffocate renters, works much less. The solution is really just to allow the market to crash, but the Fed has never let that happen. So, if they won't allow a crash, then rent control is the only option. You can't have your cake and eat it too.
    2
  58964. Let your listeners know how many new purchases Miami are paid in cash . Cash purchases up or down ?
    2
  58965. It's ridiculous. Next they'll be using psychics to find out what MIGHT happen to us in the future that will prevent us from repaying the loan.
    2
  58966. Excellent and getting better all the time. I feel you have the pulse of the ordinary person and speak from the heart and gut and I really enjoy your channel.
    2
  58967. Laid back chill area for sure. Gets busy on the weekends.
    2
  58968. This is a really good insight for this matter!
    2
  58969. Ill go back to Europe for retirement. Not perfect either, but much lower cost of living, practically free health care, etc...
    2
  58970. By the way in Canada they were buying them to increase the market $$$ amd were leaving them empty.
    2
  58971. yo I saw you today , i was they guy pointing ... ;) gray shirt
    2
  58972. Hey Mike, Is this area the Flamingo-Lummus area of Miami Beach? It's lovely.
    2
  58973. I talked to someone who’s exploring the idea of 3D printing a house
    2
  58974. Greetings from the U.K. We saw this on the U.K. news yesterday. Our thoughts are with all involved. Dreadful thing. Obviously some form of Major structural failure.
    2
  58975. houses roughly 3x over 20 years. recent decades this has dropped, but only to about 2.5. so that is normal.
    2
  58976.  @MichaelBordenaro  difficult to debate... as decades prior to 1960s isn't readily available (no Fred mspus) and quite frankly all those decades were a shite hole globally. wars, depression, etc. houses did go from 3k to 12k from 1900-1960...so its not like prices didn't go up some. I gave data based upon no gold standard and what we have today as normal. houses weren't a slam dunk in 1960. but you can replicate that easily today. 100k in Tulsa, making 50k. I'll just say it.
    2
  58977. 2 pleasant likeable guys with some great timely info and insights, enjoyable and enlightening. Superb.
    2
  58978. I'm curious how often do you see a snake in Florida?
    2
  58979. I'm not skeptical at all...I made a prediction that by end 2024, we will have homes listed that low 50%. The problem is most people would be jobless, hence no money to buy anything
    2
  58980. How would you define a market crash? 10%-20% down?
    2
  58981.  @MichaelBordenaro  That was a great shot, Lisi! 😎 that view looks amazing! Your cost breakdown shows living in Miami Beach is very attractive and attainable!
    2
  58982. 🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴🌴 Thank you for today’s video. I’m just wondering 💭 where do you get your information from??? It sounds very solid but just interested. One of the things on my bucket list is to go to Florida and check it out. I would love to retire there if possible. I bought a 2 bedroom 2 bath Condo just 3 blocks from the beach,marina and other great places down in Huatulco Oaxaca Mexico. It’s still under construction and I got in early at $263,K The weather there is hot and hotter. It’s only 15 degrees above the equator. I really think that i could deal with your weather there. Thank you for sharing all of this information with us. Blessings, Carlos ✝️🙏❤️😊❗️
    2
  58983. I appreciate you making these videos out on that heat. I too am a huge walker and love the heat so I can understand loving that kind of weather. Stay hydrated 😎
    2
  58984. This will never get better until we're on a gold standard again. Until then, it's all fake money inflating constantly.
    2
  58985. ...how come on ABCNews on the radio, Michael, I've never, ever heard the official rate of 19.3% inflation since 2019 mentioned, but every half hour, I hear a report about the Trump CRIMINAL trial?
    2
  58986. Then you’ll love all the 10 months of excessive heat and humidity. Starting a business in Florida is much more affordable then NY, I’m sure of that.
    2
  58987. Thats what I figured that is why I suggested a one on one, if it was Michael.
    2
  58988. Degrees are communist/ socialist idea, basically a license to work. Yes dr, lawyer, engineer, but most of actual jobs can be learned on the job. Trade schools that teach a skill... I don't have a degree. Did well in school but no$$ forcollege always been a hard worker and make more than most of my college educated friends. Not everyone's experience but not uncommon either.
    2
  58989. I disagree, the bottom will be around 27'/28'
    2
  58990. BEWARE OF SCAM GO FUND MEs, 75+ already reported. Be sure you Know who you are donating to.
    2
  58991. Great information. I love Culver’s too.
    2
  58992. Ok cool, but what are you going to do for next year when you need to come up with another 2k for rent?
    2
  58993. Let this whole thing crash off the people you have to and rebuild is that simple
    2
  58994. Most HELOs are adjustable, even with a big bank like BOFA. I didn't even know it until my payment shot up massively. Fortunately I could pay it off immediately.
    2
  58995. I live in Michigan right now. I want to move for music and help on my depression . I just want to move would 8k do it?
    2
  58996. My gross income is about $9600 a month. I am single. My mortgage payment with tax and insurance will be about $1700, which is about 18% of my gross monthly income. This is well below the 28% of gross income that they used to say. When I base it off my net income, I'm at 31%. But here's the rub. When I do the official debt to income calculation, based off of all my bills and my gross monthly income, I am closer to 43%. I am at 38% if I exclude gas and groceries. Those are about the only two things I can reduce on my list. Other than student loan and mortgage payment I have no debt. I just have my house payment, my student loan, utilities, HOA, auto insurance , cell phone, Internet, and natural gas. This number should actually be at below 33%. There's literally nothing I can do except earn more money in order to meet the threshold, which means getting a part-time job after working 40–45 hours a week. And the thing that really trips me out is I actually think I'm way better off than a lot of other people
    2
  58997. There are those who prepare and those who wing it. We've heard from the likes of you and others to have at least six months of extra money for hard times. So it comes down to either you do it or you don't. Be your own banker in times of hardship or turn to handouts from big brother tax payers. As for politics, I didn't vote last time and neither will I this time. The candidate who will win my vote is the man with a vision for our future. The choice is nil, none, nada, khong on the ticket. Ask any future or past president if he can relate to the story of Joseph sold to Egypt who interpret the pharaoh's dream of the seven healthy cows devoured by seven sticky cows. Trump won't fill my coffers
    2
  58998. You speak with common sense unlike most other YouTubers. Thanks for posting.
    2
  58999. Toronto market is going to implode
    2
  59000. And I still keep hearing about People VOTING for the Politicians Who caused this Mess, It's truly unbelievable You would keep voting for the people responsible for hurting YOU in the first place, The definition of INSANITY. Vote real freedom away from the Government Control Freaks. Vote RED 🇺🇸👍📈
    2
  59001. You look naked Michael! 😂
    2
  59002. I just want to be happy
    2
  59003. Great stats, crazy market!
    2
  59004. Thanks for doing all this homework for us my friends and I we talk about this every day so it’s nice that you let the public know the truth and the consequences
    2
  59005. All we hear about how great the jobs market is.
    2
  59006. hahahaha thats funny. I like how you didnt get out of your car in that one spot. Thats great man, you really listen to your audience.
    2
  59007. 👍😆👍 💰🥳💰
    2
  59008. Congrats!!
    2
  59009. 4:02 property tax suck... maybe at 300K I will buy it.
    2
  59010. Most veterans have lots of experience w/relocating and quickly adapting to new environments
    2
  59011. Moving to Naples in 2022
    2
  59012. 👍🏻
    2
  59013. Iguana!!!
    2
  59014. Oh that’s a shame it’s not for sale it’s pretty cool !!!
    2
  59015. Thanks, Michael for the great clip as always. I'm doing chores as I'm listening to you and occasionally glance at the video. You're the best ever!
    2
  59016. This has to drive house prices down even further.. I'm seeing my 1079 Sqf home go up in value over 50% since 2018. They wanna raise property taxes.
    2
  59017. By what year? People have been saying this for 30 years
    2
  59018. Even if i am ready to buy i wont in 2020 before covid the homes were i live in CA were between 150- 380k now they are between 500k- 1mil in 08 the home were about the same then they dropped to 100k -280k
    2
  59019. Such an important message, Michael! Man, that sure is the truth...don't get caught in the credit card trap, trying to keep up with the Joneses!!! It is hard to stay out of the rat race, but like you, I live in expensive San Diego, and my favorite thing to do is to walk in the beautiful neighborhoods, and enjoy the day, or walk along the beach!
    2
  59020. I have a question we had a mobile home its 1200 sq ft 3/2with an office area its an older home but we are in the process of tearing all the carpet out fixing the soft spots and putting in wood style flooring it will cost around 6000 but it'll be done right..anyway a realtor friend said ask around 75000 i thought about asking 84900 so id have wiggle room to drop price..was that a good move or not?
    2
  59021. You had me at “absolutely BONKERS”
    2
  59022. Very good info that’s all people need to do call talk not just email
    2
  59023. I think they will have no problem admitting that recession after the midterm elections. I think after the election everything will fall apart only to get cleaned up in 2024 for the presidential election.
    2
  59024. We don't need no stinkin rent control, that has ruined so many expansion plans that I have lost count , leave NY in NY
    2
  59025. I’ve been watching your show for a while now and I happened to watch this particular episode. I was born and lived in Illinois for 14 years, moved to Miami Florida where I got married and had three kids, living there for 20 years, then move back to the Midwest in Indiana to raise our kids, and finally I’ve been living in the very north part of California in a city called Eureka, population 30,000. I thoroughly enjoyed the video and I agreed with 90% of your commentary and also the comments from other viewers. I’m going to cut to the Chase here. Move to California while you are still young enough to adapt and afford it. When you are ready to retire, depending on your income level during retirement, move back to Florida on the West Coast, either in Marco Island or Naples. I can give you lots of reasons why I am planning to do that, and if you are interested, I can give you more information. I am a medical doctor, so some of my reasons have to do with retirement, health, and safety in old age.
    2
  59026. Michael, a few years ago my homeowners/auto insurance agent retired and a younger one took her place. One of the first things she said to me was, "don't ever make a claim, because we'll drop you if you do!" And she was dead serious. I would state the company, but I still have my rental property insured with them, so I better not.
    2
  59027. Imo Michael the blame for the accident is with the fire department. Even though it's an emergency vehicle it still has to obey the law. It have to stop at the intersections and then proceed with caution. The robo taxi thiugh for sure needs to improve on their software though to recognize emergency vehicles and give them the right of way.
    2
  59028. Michael, would you rather retire to the Villages or St Augustine?
    2
  59029. Mmmm. I'll tell you from Australia it's a a global economic mess. Wow in fact we're on the brink of WW3 and Australians are commanding the Red Sea, without military infrastructure. Are you crazy?
    2
  59030. Hi Mike.....Having lived in California for 50 years and visited Florida many times....this is my take.....Floridas beach plus's are these......if you just want to lay on the beach or swim Florida is fine......and it's a great place to hunt for seashells.....negative on a hot day (and Florida has plenty.)....swimming in warm water is not refreshing....plus you have to deal with heat and humidity.....California has a year round arid Mediterranean Climate.....So Humidity is rarely a problem.....on a hot day ....the colder water is superior and refreshing The scenic beauty if you include the whole scene (beach and seashore backdrop....is far superior in that California has many areas of high cliffs ....off shore rocks and tidepools ....if you like to adventure at the beach .....this is your place......Some of the most scenic below San Francisco are "Monterey"....."Carmel"....."Point Lobos"......"The Big Sur Coastline"...."Santa Barbara"......the area north of "Malibu"......South Newport and "Laguna Beach" and my favorite "La Jolla Coves And Caves" near Dan Diego which is teaming with seals and sea lions......But than again Florida is the only truly tropical area in the USA.
    2
  59031. No EV, I drive many times long trips.
    2
  59032. Real estate will not come down in no major cities do not bank on that there lil too no homes for sale at affordable prices
    2
  59033. The recession is here
    2
  59034. Happy New Year Michael!
    2
  59035. i live in california
    2
  59036. Good rocking at the end though. Now that i like. Big motorhead fan and Tool fan here. Nice work. Gifted.
    2
  59037.  @MichaelBordenaro  Enjoy your life in Florida!!!
    2
  59038. New York has never been a landlord friendly state. I’m surprised that’s news for you.
    2
  59039. It’s CRIMINAL that the repairs were not started back in 2018 knowing the specialist engineer’s report! I am glad that Mayor Levine Cava I
    2
  59040. 1st
    2
  59041. The drums say big builders are now paying 5% commission for bringing them a buyer.
    2
  59042. Good Video mate
    2
  59043. I thought about looking in the Melbourne area before because my job has a branch there that seems to be doing a lot of hiring. However, I went there in March and didn’t like it at all. I think it’s because I grew up in NY.
    2
  59044. 💯💯💯👍👍👍
    2
  59045. Hi I am very interested to see what happens next year
    2
  59046. Michael is a pleasure to watch. Especially since he’s from the Midwest and lives in florida.
    2
  59047. Sending prayers... 🙏😔 Love your videos and honest perspective... ❤
    2
  59048. You should look at Boxable.....instant home and now they have a few new choices and finishing materials
    2
  59049. Something to know about taxes is that they are NOT flexibly tied to value. They are tied to municipal budgets. If property values fall dramatically, the rate of taxation can increase so dollars are sufficient to cover these budgets. These are called "roll backs". Call your local tax collectors office to see how it works in your area. The value down=taxes down assumption is not valid. Budgets have to reduce to allow your taxes to reduce.
    2
  59050. Be careful sun is not good for your skin 😄🤗
    2
  59051. Agreed, if you have $3M why do you need a loan for $50K?
    2
  59052. Don’t go to SF!! I was there 10 or 12 years ago before there was supposedly even a problem. I swore I would never go back. It was disgusting back then!!
    2
  59053. Michael, don't take all the criticism personally. I think a lot of it comes from people who are afraid, as many, but not all, can feel how bad things are in this Country but may not be able to put all the pieces of the puzzle together of where this Country now stands to actually see how bad it really is. I think we are all very fortunate to have people like you giving us advice, especially in the real estate market. From what I've been seeing, the percentage of people who regret buying a house in the last 2 to 3 years, now really wish they had heeded much more of the advice you share with us. 'Keep on truckin'.
    2
  59054. superbubble is almost finished ..........Maybe another 10 trillion in helicoper money can make a new one?
    2
  59055. "iT raInS iN SumMER" Mocking from Seattle 😂
    2
  59056. Two eggs, plain hashbrowns & 2 pieces of toast To Go from Waffle House. Drum roll......$12. And they expect a tip.
    2
  59057. They’re not brainwashed with the virtue of working til 70 years old barely affording housing, a family, eating poisoned gmo foods, and probably a sick diagnosis.
    2
  59058. always on point
    2
  59059. This new deal s an other attack by the deep state to destroy the real state industry. Agents do need the 6% period. They need to make a living. I’m a home owner and when I’m ready to sell, I want every agent working hard to sell my home. This new law is going to make hard to sell or buying. It makes no sense. Absurd.!!!!
    2
  59060. Up almost a million dollars after 11 months? Nice job flipper
    2
  59061. How long do we have to wait?
    2
  59062.  @MichaelBordenaro  thanks, that is what I am thinking too, I’ll wait until after the June rate hike and see if it makes a difference but after that I will have to move. Maybe the rents will show a small decline too…
    2
  59063. So true, I just went to an open house here in Tampa, nobody was there i asked the agent when was the house listed and she said 2 weeks ago ... That same house would've had a line on an open house 3 months ago...
    2
  59064. When you made a reference to attractive female realtors, you were referring to Melanie Loves Tampa Bay, weren't you?
    2
  59065. Keep in mind that if everyone agreed that the market is crashing it would happen overnight. Even economists said the market was fine back in 2008
    2
  59066. If inflation is up and interest goes up - why don't we have more houses for sale? Aren't people selling because they're in financial trouble? Maybe because the job market is so strong?
    2
  59067. Aventura in D house
    2
  59068. I so shocked that Dave Ramsey doesn't know what he's talking about /s He's too busy checking to make sure his employees don't get pregnant while not married. Fireable offense.
    2
  59069. If you are looking for public accounting my firm has an office in Miami and ft lauderdale. All offices are working remotely right now too.
    2
  59070. I had a lifelong friend that just bought retirement home in Venice Florida at top of market March 22 Was that a bad idea?
    2
  59071. It provides an option. Maybe people want to refinance and haven't due to the PPP cost.
    2
  59072. I'm waiting for stock market crash, sorry to say but one of my stocks will rise big time if the market crashes.
    2
  59073. Michael, it's not "the government" that says let's default on the debt. Biden and the government are actually warning about devastating consequences if the US defaults. So far only one person has said that publicly and that is Trump. He also downplayed the consequences of a debt default, commenting, “It could be really bad, it could be maybe nothing. Maybe it’s a bad week or a bad day—who knows?” ; that is completely in line with how he has conducted business for decades, going bankrupt and not paid his debts.
    2
  59074. You are so handsome! 😉Anyway, I could not live in Florida because of the humidity.
    2
  59075. Words of WISDOM....Love it.🥰
    2
  59076. Hilarious rant, bravo “the grind!”. I aspire to be doing something like what you’re doing someday, strong work.
    2
  59077. Company loyalty died along with customer service when corporations started working for the "stakeholders", not so much the shareholders even - not the customers whom they started referring to as "consumers" much like consumption, the disease. Who cares so much about motivated and content employees when mega merger corps have a functional monopoly and are aided and abetted by U.S. Inc, a corporation, not a Republic. The government is a corporation with the trappings of a Republic. A suitable name for corporate-government union is "corporatism", according to the Fascist Mussolini.
    2
  59078. More great info on the housing market 👌
    2
  59079. I had to drop my home owners insurance I don't have a mortgage so my place is paid off I can't afford insurance i live in okeechobee call Ron Desantis and tell him Quit worrying about 2024 and deal with the insurance issue Trump will be the nominee in 2024 get it together Ron Desantis. Fema will help if you have no insurance but you have to own the place out right I have no hoa
    2
  59080. America gov protects the criminals instead of the victims!
    2
  59081. Congrats on your milestone plaque, Michael! I like it to the right of the joker, as it stands out more. Well deserved award!!! Very cool that a fan showed up to take a picture with you! (That yellow house for sale is pretty. I wonder why that have had trouble trying to sell it for so long. Seems like they should have been able to sell it somewhere along the line, if they were asking a reasonable amount.)
    2
  59082. Is that the Porsche design tower to the left? I think its further up into SI. I'm sick to my stomach. Prayers for everyone!
    2
  59083. Wow. I pay 1/4 of your bill for a house worth 50% more. Cash in, take your money and run.
    2
  59084. Have a nice 2bed tent for rent.vice fwy view cart parking. Close access to panhandling liquor store near by.
    2
  59085. Once at a board meeting someone asked for a copy of the reserve study. I didn't even know you could get this. Lots of useful information, and gives you an idea how underfunded they are and what you can expect in special assessments in the future.
    2
  59086. We love your videos! Thank you for your content!
    2
  59087. Cannot wait for you to go to Downtown SF!😁👍
    2
  59088. very nice beach!
    2
  59089. You actually meant no more gas cars by 2035
    2
  59090. It's too soon to see any real effect from the collapse.
    2
  59091. Trend price reductions with the downturn in local economies and unemployment rates. You have the perfect chart of synchronicity. Want to know how bad things are going to get in your local real estate market? Look at companies leaving, jobs leaving, and number of the population being pushed under the level of affordability.
    2
  59092. Enjoyed todays video Michael. Always look forward for the next one.
    2
  59093. FIRST
    2
  59094. Michael, love the videos. But as for property taxes, 9100 would be considered very low in NY, NJ or CT.
    2
  59095. In inflationary times, gold and silver actually go up in pricing not down.
    2
  59096. So it’s safe to say it wasn’t a good beach day?
    2
  59097. Anyways got any used EV for $2000..think about real hard..
    2
  59098. Um no still trying to stay smart and not doing stuff like going out to eat, and way less on Christmas.
    2
  59099. Question: if my mortgage is currently 1200 per month, and I want to look into turning it into a rental, how much per month extra do I need to make for it to be worth it? My property is currently worth 1500 per month in the rental market. I could maybe squeeze 1600 per month out of it. Would that be worth it?
    2
  59100. I've decided to stop eating 😊
    2
  59101. Banks are looking out for your best interest 😂
    2
  59102. Thanks Michael for educating your viewers on Land- tenant laws. Kindly set paid up classes on home ownership and rental investments, and laws governing land- tenant in different US states. You are always my hero!
    2
  59103. mike, would you ever consider doing a video on driving thru the florida keys?
    2
  59104.  @MichaelBordenaro  I used to live in Miami with my college roomate, then I decided to return to Chicago and never went back... terrible decision but my career held me back~
    2
  59105. Nobody wants to be the barer of bad news. They’re passing the buck they sit on their hands they don’t have the cojones to do their job and every month that is delayed the problem gets worse!
    2
  59106. Never got my 2 covid stimulus that everyone received - fing IRS kept saying they are working on it - there was a mix up when i separated from the military in 2020 never explained what it was … tax preparer cant do a damn thing
    2
  59107. Northern Michigan is beautiful in the summer, great escape from Florida summer heat and hurricanes, and it is affordable. Lakes and beaches are everywhere in Northern Michigan, the food is great everywhere, ( Traverse City is a well know foodie city , and on the lake) as a former Midwesterner ( as I am) you would feel at home. I agree with escaping Florida summers, they are brutal! I used to live in Southern California, as well, so I relate to all that you are saying. Really enjoy your videos, thank you.
    2
  59108.  @MichaelBordenaro  you haven’t? I am originally from Illinois as well, and believe me , you will love Northern Michigan and the Upper Peninsula. Visit Mackinac Island ( only horses , no cars allowed) , only accessible by ferry , and Victorian architecture. Touristy and crowded, but fun, you have to go to the Grand Hotel. Try Northern Michigan and the Upper Peninsula for an escape , it is a nice change. Also, the Mackinac Bridge ( connecting Lower and Upper Peninsula) is an engineering wonder, I love bridges myself. I have lived in Illinois, Southern California, South Florida ( where I live now) and Northern Michigan ( part time and for business) and of all of these places it is Northern Michigan that comes closest to rivaling California’s beauty. If you ever go to Northern Michigan or Upper Peninsula let me know and I can suggest some places for you. Maybe you can even do some videos if you like. Welcome to Florida. So good speaking with you. Thanks.
    2
  59109.  @MichaelBordenaro  that would be good. 😊Look forward to your adventures.
    2
  59110.  @MichaelBordenaro  That would be awesome! I live in a van and excited to see how van life in FL will be!
    2
  59111.  @MichaelBordenaro  definitely! Ive lived in mine for 2 years . Didn't know it was a thing when I got into it and since its exploded it seems. My first real adventure in it so any recommendations to stop are appreciated. But then thats kinda what this video was about! :)
    2
  59112.  @MichaelBordenaro Haha! Yes but I love it for the time being. omg thank you!!!!! I definitely will!
    2
  59113. MAKING CRIME PAY: "Steal from as many people as INDIRECTLY as possible. . .The less direct-the less personal-the more likely it is to get away with it". Rules Of Thumb (Tom Parker) NOTHING LESS PERSONAL than folks(not robots)who may not even exist yet
    2
  59114. I love that you guys are doing this sort of videos. "Exploring Florida so you don't have to". I will want to explore some day, but I'd rather use a base somewhere to settle before all that.
    2
  59115. Your voice never bores me Mr. Bordenaro, much less the info you give us 😊
    2
  59116. Housing crash is needed folks. Sorry about your big dreams. There is no way out. The future of the banking system is at stake, you will not get a dime over what you paid for the house, you maybe without house and being sued by the bank for the remainder of your debt ☠️
    2
  59117. One thing to consider is that a lot of investment groups will be exiting or stopping investing in RE. With the 6mo bond almost matching the CAP rate. It's a no-brainer to grab the bond vs RE. Until interest rates go down, we will see a lot less demand in the market.
    2
  59118. I guess they can afford to give some of that $2,300 profit back, huh? 😂
    2
  59119. Hello from the left coast. You make an excellent point about pipelining water from places that have a surplus to drought areas just like they do with oil. I have been telling my friends and family this for several years. Remember Mr. Kash-n-karry was involved in the 2008 financial mess 😉.
    2
  59120. I use to live in the Bronx in the 90s an 2000s an can sat that there's a reason why this borough the cheapest but Brooklyn has bad landlords too.
    2
  59121. Yeah! 100,000
    2
  59122. Going to where its supposed to? Of course it won’t. This is government.
    2
  59123. Nice wheelie dude
    2
  59124. California.. ain"t what it was that's for sure.. People are bailing right and left..
    2
  59125. Mortgage in Latin literally means “Death Grip”, just be wise people. Not to say not ever get a home, yet, be wise in your purchase or wait for a great deal.
    2
  59126. Is there a US deflation calculator
    2
  59127. Wall Street is "celebrating" 7.7% inflation. That's like celebrating for scoring a basket but still losing by 20 points. Desperate and pathetic and reaching for straws in a fake numbers marketplace. Meanwhile realtors are playing the "buy now before the pivot that will cause home prices to go up." More foolishness yet again
    2
  59128. Home values have to come down before foreclosure will start to process. Then it takes 1.5 to 2 years. End of 2024 into 2025/2026 we will start to see some again.
    2
  59129. Hi Michael, you are absolutely correct about everything you’re saying here again you’re right😊
    2
  59130. Wtf is wrong with that seller. Smh
    2
  59131. Maryland suburbs, just north of DC. Listings are not exploding, but they are increasing. Our area has always been sheltered from the ups and downs of the rest of the US economy since we have so many stable Gov jobs and Gov contractors. Two neighbors listed 4br/3ba house in my neighborhood. One listed at 760K, the other 730K. The lower priced one appeared to be much nicer in the photos. The lower priced house was sold < 2weeks. The higher priced one is still on the market and they have cut the price. I have been watching the market in my neck of the woods, it appears that properly priced homes will still sell. A properly priced home is what it probably could fetch 2 years ago. There are many sellers here trying to get 20-30% higher.
    2
  59132. I go to the Tulsa area every year to visit my cousin (Pawnee) and love it! Have yet to go in the summers, I hear it’s very hot.
    2
  59133. beautiful neighborhood
    2
  59134. Great video keep up good job
    2
  59135. beware though, you never actually sell your bitcoin. you just HODL your bitcoin
    2
  59136. Learn to live within your means .. What do we do with a household income of 50k? We totally stopped buying China junk..We cut our bills in half No cable tv switched car insurance set the thermostat a few degrees lower .. We raised our kids and NEVER took out a loan or financed anything ..We bought $5-6k cars and got years out of them.. Now with our budget trimmed we have money left over to take 2 or 3 cruise vacations a year.. Why waste money on China junk ..spend that money on experiences..We are lucky living in one of the last affordable places in this country .
    2
  59137. Dec 18 2020 - US Treasury FinCEN proposes anti-money laundering regulatory gaps are to be closed for virtual currency Bye bye crypto
    2
  59138. My new fav channel
    2
  59139. Stupid ones pay inflated prices.
    2
  59140.  @MichaelBordenaro  I hope so to Michael! You're in a good place right now.
    2
  59141. Like big pharma, insurance cos are pure evil.
    2
  59142. Very unfair for landlords. People and the gov forget tha landlords have expenses on the properties and do not qualify for most gov help programs. Taking people to a corrupt court system is also very unfair too.
    2
  59143. Hi Michael, I'm a real estate agent in NJand NYC, and I will move full time to Miami. Do you buy rentals in the Miami area or other parts of Florida, or other states?
    2
  59144. Hi Michael, here in Delray Fl. My home went up $50,000 since last year. Happy me!!!!
    2
  59145. I miss Naples. I never should have moved back up north. Really considering moving back.
    2
  59146.  @MichaelBordenaro  yeah. Sometimes that'd what it takes. U miss home, then once your home u realize u really weren't missing much. And u can always go visit back. It just takes getting used to new place. I missed my friends. But when came back, realized they weren't really that good of friends. So what was left to miss other then the formality of home, but you have to jump out of your comfort zone head 1st to grow. I was also in my 20s when I moved there and back, missed the hustle of the city back then. . Now just hit 40. So now I appreciate Florida being more laid back and I want to keep growing business wise. So many opportunities in Florida if your business minded and driven. I'm literally in lauderdale now looking for where I'm moving.
    2
  59147. the housing market drop that's all effects the economy more than likely a recession is happening quickly then expected
    2
  59148. The Fed crashed nothing. This crash is ALL due to the 10 year Ponzi trap fuelled by securitized mortgage debt plus the fallacy that value can never fall (again) fuelled by realtors and brokers alike. History repeating 2008. Housing became a true scam 20 years ago and got worse when governments bought up all the mortgage backed securities, forced crazy interest rates and insured far too many loans. Perfect recipe for a bubble.
    2
  59149. Winter is like hyper ac.... I also like the ski lodges and fireplaces and hot chili but yes it is a pain when the pipes burst, the roads are blocked and the heater goes out.
    2
  59150.  @MichaelBordenaro  thank you!!!
    2
  59151. That hit list was almost all Texas and Mississippi. Hard left people to avoid hitting the wall.
    2
  59152. Good thing I already payed my student loans off back in July 2019, and just in time before the pandemic too. Before that, I had others telling me I should do student loan forgiveness but I was already getting very close to few months paying it off so I figured it wouldn't make sense for me to do that when I'm not far of off of being debt free. I'm very glad I didn't went to forgiveness route.
    2
  59153. Great video ! I have been learning a lot about Florida from your channel. Looking to relocate to Tampa or Orlando and will definitely reach out when ready. Keep it up ! If your looking for a topic for the next one, I would be curious to know your thoughts about the best cities in Florida for tech jobs.
    2
  59154. Allowance ? 😂
    2
  59155. Good to see the contrast of different areas.
    2
  59156. Oh I see how it works. The Government can raise your taxes as high as they want to but you can only charge so much for rent. Time for a proposition to stop this theft. How in the world do they put up with it?
    2
  59157. I bought in Marin this year and it is about pricing but also about state. Marin can have some harsher weather and flooding. There are some cheaper options that sit just because there’s so much work to be done. The ones that are in good shape do go so quickly, so as a buyer it doesn’t feel like demand is lower because you’re fighting over maybe 2 or 3 decent options that come out per month. There was one in San Rafael this summer that had something like 15 offers and sold for 500k over asking (~1million).
    2
  59158. Lol. Like wells Fargo had to pay people from the fraud they committed on people in 2008 who were trying to short sell their house and they sat on the approvals so they could sell them at auction. The settlement was $200. I know. I got one
    2
  59159. A person could get a pay raise and put them into a different tax bracket that actually hurts
    2
  59160.  @MichaelBordenaro  libertarians support smaller government. Constitutionalism, lower taxes, less regulation. Even more so than the mainstream Republican party. Aka. "Classical Liberalism", unlike today's left that hijacked the word "liberal" when they are really just authoritarian. A lot of the Republican party consists of Libertarians/populists.
    2
  59161. There is no way out of this recession because the bond market is broken though out the western world. This is why CEOs and politicians are denying it.
    2
  59162. Congrats on 300k well deserved
    2
  59163. Where's your wife, Michael? She might enjoy the walk on the beach. May God bless you.
    2
  59164.  @MichaelBordenaro  in many scenarios the penalties are not strong enough. As you said in the video regarding another property, it was supposed to be torn down with wrecking balls but they just imploded it and paid the fine. It probably would have been less expensive to pay the fine than do it the correct way had there not been loss of life.
    2
  59165. Pregnant women do that all the time Michael. They get them selves into jail so that they’re taken care of.
    2
  59166. Car and home bubble
    2
  59167. You are lucky to live in that beautiful building in Miami with the love of your life!
    2
  59168. What part of Miami area is safe?Thank you Michael!
    2
  59169. Plus Aventura Mall has Ceviche105 Peruvian restaurant. Gotta try out Peruvian food if u are visiting South Florida
    2
  59170. Holy smokes on Nick's last video I told him to go to No Cal and hook up on a video with you.
    2
  59171. Im sure most of us are glad your safe. but i have to tell you when i found out the location , i knew you lived on that street but i was not sure were. could not stop thinking about it all day until like everyone we else seen your video post and knew at least it was not your building. for me when i finally move to Florida i was thinking of a highrise but NOW . WOW A BIG NO. i like being a land lover and will find a place closer to the ground. lol. anyways i hope you find a path that works for you and your other half. God Bless you and stay safe.
    2
  59172. Great video keep up good work
    2
  59173. The water warms up by June in the panhandle. After swimming in the Pacific in LA, I really appreciate warmer water.
    2
  59174. I want to leave Florida at this point lol I don't even own a house but it's become so expensive.
    2
  59175. More great information. I do not understand why Biden is fighting the Fed with his massive spending. Maybe it is to create a fake economy until after the election io hold congress,
    2
  59176. Awesome video! What camera and settings you using?Looks very high quality and professional!
    2
  59177. NAR dues are a bullshit hostage fee. They should abolish that scam.
    2
  59178. Lots of old boats in that marina all 1970/1980s
    2
  59179. Some are living in rv's or their vehicles to save $$$. The economy is unstable.
    2
  59180. Excellent analisis. Well done Michael.
    2
  59181. Fed broke the housing market now no one knows what to do.
    2
  59182. Somebody call Gavin and get him onboard.
    2
  59183. 3:30 someone was looking to buy a new guitar? 😄
    2
  59184.  @MichaelBordenaro  Thanks! Keep Rockin!
    2
  59185. Sounds like the Californication of affordable housing. It's either shared occupancy to share the rental or lease cost, or if you can't afford it, there's a tent on the street.
    2
  59186. The leaf blowers in Florida are out of control
    2
  59187. Congrats Bro.
    2
  59188. Mortgage companies, investors, insurance companies and some realtors are greedy. Regulations that should be in place to control gteed are successfully lobbied against. American citizens have to go on strike against greed. Maybe everyone should just quit paying their mortgage, credit cards and car payments until the terms are rewritten.
    2
  59189. Sellers being FOOLED into thinking that by taking their homes off the market, reducing inventory for sale , everything will go back up.. They ( realtors )are playing on sellers emotions.. TODAY , another 18,000 Amazon Layoffs, BED BATH BEYOND going BANKRUPT and so on and so on..
    2
  59190. 💗💗💗👍
    2
  59191. Me who’s planning on moving there from Texas that’s getting colder: good!
    2
  59192. A small wedding in a church is not expensive!! A dress, a tux, some witnesses, a few flowers, a cake!! Its not rocket science.
    2
  59193. Uhh no if you own it property you do what you want with it. This is USA no China. Property rights are top teir rights. If government can take your house next your car bank account, guns, dogs, kids, your wife your gold where would it stop?
    2
  59194. Being from Vancouver Canada, the whole state is cheap to me so hooray!
    2
  59195. Well you could spend 15k for paltrow candles self absorbed people lol c'mon dawg.
    2
  59196. I like the exposing of dummies. Nice vid/intro.
    2
  59197. I was thinking as I was watching wow that water does not look like Miami Beach 😂
    2
  59198. In the olden days the settlers were offered free land with the stipulation some of it would be used for farming and/or ranching livestock. It didn't do any good to settle the land with no food available other than what could be found or hunted.
    2
  59199. I feel bad for people but you have to exercise good judgement in who you hire and ask questions. Over the last couple of years alot of people got their real estate license and they're hungry to screw you over for a quick buck. I know because I was born and raised in miami and I'm seeing acquaintances get into the real estate business and they're scratching and clawing to sell whatever home to whomever and it's very disingenuous. I'm sure that refinance story has screwed over plenty of buyers in miami.
    2
  59200. I just got approved today for a Townhouse in Santa Rosa beach -rent for a 3/2 is 2750$ FYI Good to know the public entrance to seaside beach is west (closer to me!) - ty for that! I’ve never been to the panhandle-but grew up in ft lauderdale. It was here or Cali and this just looks waaaaaaaaay more relaxing - and cheap- and safer tbh Can’t wait to start exploring!
    2
  59201. There's not much to buy at low price points.
    2
  59202. How do you find out the local selling price, do we go off what Zillow says, or is this data only available through an agent? Want to see what my local area is selling for
    2
  59203. Like the Intro !
    2
  59204. Sold at the TOP last April; Now live with mom
    2
  59205. Just borrow and spend until everyone is homeless and broke .
    2
  59206. since i've seen this video there have come to light similar issues in other buildings in that very same area--some on the same street. michael, get out and do it today.
    2
  59207. Another great video. Michael. Very thoughtful!
    2
  59208. If you didn't need to worry about a claim before you had some reserves built up, self insuring would almost certainly be cheaper. Most insurance companies make a tidy profit after paying out claims. I've never heard of a really high deductible policy (i.e 10k deductible), but if those had significantly cheaper rates, it would probably be a better option than either a low deductible or no insurance. Since making a claim will increase your rates, you probably wouldn't make a claim for a 500$ or 1000$ loss anyway. Your math on leftover money is only correct if you don't make a claim until the 30th year. If you actually have 5 incidents, they will be spread out over 30 years and the expected return for self insuring will be significantly lower
    2
  59209. When one addresses real estate prices, insurance and taxes need to be a major part of that discussion.
    2
  59210. Those sellers are idiots. They think the RE will work for free. Although the behavior was wrong
    2
  59211. Problem is this time , the whole world is in trouble with bubbles , debt and winter with less heat and war keeping all staples very high. So rates going up draining peoples cash each month as rate rises monthly and more expensive goods ect. This with highest houses and debt in Aust and Labour at some wanting to spend spend spend as its their nature like the scorpion stings!! This crash prediction is tricky as WW, its a mess now and top half of world winter and most live up there and terrible costs for next 3-6 months as all gas taps turned off from Russia. This can only end with crash or total implosion as who can save it? Cant print anymore, no one or govt has spare cash and people are drained from each int rate rise....
    2
  59212. Thanks
    2
  59213. Excellent advice!
    2
  59214. That's why I don't ;listen to them:face-blue-smiling: I go by stats in my area. Talk is Cheap, Facts are True
    2
  59215. Holy crap: That DUMP at 13:00 was renting for ($9,000/mth USD !!!) That is just a plain BROKEN rental market. What kind of IDIOT would rent there at that crazy price???.......... It's not going to be a "Recession"... It will be the 2nd real USA Depression... and worse than 1929. If people have debt... they are DEAD .
    2
  59216. Michael, Outstanding job with your video content and presentation. A1. You''d also make an excellent "motivational speaker" and College Professor. Enjoyed your Metallica guitar video🎸🎶
    2
  59217. I think it’s MONEY LAUNDERING on a Large Scale
    2
  59218. Hi I'm looking for a house out here to buy and I need big land so I can planting flower
    2
  59219. Thanks!
    2
  59220. That means back to work for you as well Michael
    2
  59221. The stock market is the last to adjust for inflation.
    2
  59222. Why u hate us bro?😁😁😁
    2
  59223. Merry Christmas 🎄🎄🎄🎄🎄🎄
    2
  59224. T-Shirt Don !!!
    2
  59225. Thanks, Michael! There’s going to be lots of reorganization in the next 18 months.
    2
  59226. I'm not sure how anyone can afford condo these days. It's like paying for two condos with dues in texas
    2
  59227. Positivity is key 🔑
    2
  59228. Good job, thank you ❤
    2
  59229. 2008 ???? or Worse
    2
  59230. Love to see home appliances, prices come down, this year, mine are 10 plus years old, love to upgrade. You have great information.
    2
  59231. so men of culture are we just not gonna talk about the women in the background
    2
  59232. Hey Michael this guy Chris called r whatever his stupid name is was talking shit about you he is trying to copy you but he can’t
    2
  59233.  @MichaelBordenaro  Thank you! Appreciate it
    2
  59234. The GDP of the US is 30T Pa, I actually don't know if private interest feeds into GDP but 1.1T in one quarter is phenomenal as a grossed up % of actual GDP.
    2
  59235. I'll see you in the next walk!
    2
  59236. I’m from the UK, where would you suggest us to go?✨
    2
  59237. because I've spent so much time despising having to get up early, anytime I have the opportunity to get up late I absolutely love it. waking up early feels like a waste of a day. makes me sad to see people who could get up at 2-3pm getting up at 6am to do things that could be done at any time during the day ;-;
    2
  59238. I love this neighborhood
    2
  59239.  @MichaelBordenaro  Thanks for replying! Miami has always been expensive, only this time the c*vid m*gration increases really caught most renters off guard.
    2
  59240. I wouldn't even live in California, much less buy rental property. Same with Illinois, New York, and any other state full of freeloaders and their enablers in public office.
    2
  59241. ah I wondered when this piece of the puzzle would come out in the wash!
    2
  59242. Thank you Michael and Lisi
    2
  59243. Hi 😊
    2
  59244. Love your content! But, don't bet against America. In 2018 the housing market was positioned to crash in late 2019 or early 2020. What happened next? Covid The government is already planning for 2023.
    2
  59245. The tech sector is unique - they over-hired in order to hoard talent over the competition in anticipation of explosive growth in certain tech sectors such as AI, and now they're getting rid of those thumb-twiddlers doing nothing in the company at high salaries.
    2
  59246. I live in Manhattan so I have no other choice. But ever since I saw the condo collapse, every creak at night the building makes has me on edge!! I have to take those thoughts out of my mind - watch a tic tok or think funny thoughts or something! And that’s paranoia since my building is only 4 years old 🤦🏻‍♀️
    2
  59247. Not a great time for a lot of folks to buy a house. I'm not sure there will be one anytime soon
    2
  59248. I hear you bro. They just raised my HOA fees to $246 a month!!! I can't take it anymore. But I do have a lake and 18 hole championship golf course, but this sucks. I hate the high rates I pay in Illinois. My property taxes also went up on my 400K home and I now pay $3,000 a year. Gov Pritzker is a disaster.
    2
  59249. People only care about money anymore , no one cares about having a decent community. All they see is dollar signs . It’s disgusting!
    2
  59250. I’m currently living in shared property and was planning on listing it and selling but as you say it’s a double edge sword so I finally decided it was better financially to buy out my brothers and managed to lock in a 4.5% interest rate. I heard those rates could reach 6 to 7% by the end of the year.
    2
  59251. No one with a low interest loan is interested in selling. We are paying off our low interest fixed loans with those worthless inflated dollars. It feels good!
    2
  59252. Mom bring me some food i pay ur bills 😢💪🥹🔥🇩🇪 Love from Germany
    2
  59253. California is as close to Italy as any state can get. Italy has the beaches and the mountains and the Mediterranean climate. Italy is perfection. And California would be too, if it weren’t for their policies.
    2
  59254. I love your "Cynical" approach to Real Estate... Only because you are a Realtor! I listen to these Con Artist Liar realtors saying the market is fine and I should buy now..now...now. So Fake. I get it, they gotta make a living. BUT... Lying to a potential customer does not work long term. Thanks for your transparent honesty.
    2
  59255. Disagree I'm in CA, prices will tank in the next 12 -36 months
    2
  59256. Question.....Where did you buy your LED sign in the background?
    2
  59257. How come there is an influx of people moving to Florida given Colorado was invaded since 2014 with millions of pot heads from Florida, Texas, California, Midwest, Illinois etc
    2
  59258. N.C. did the same to me. There full of it. Ended up with the N.C. insurance commisioner giving me insurance. Another scam within itself. Unreal.
    2
  59259. I've made a good living projecting the market by simply doing the opposite of these knobs.
    2
  59260. Lovely area. Lots of pretty mid century modern architecture.
    2
  59261. Buy a house with a fee simple land!
    2
  59262. Thank you for this video, this is the main reason why I am leaving
    2
  59263. Michael, you should have went to work on Wall Street. You definitely have the mind for it. You are so much brighter than the average person.
    2
  59264. Don’t fall for it…they want everyone to panic and stick their money in the big banks…we need decentralized smaller banks all over the country…they want to put the small banks out of business and bring in their CBDC….it’s all us little people who have the money, the wealthy live on credit and loopholes
    2
  59265. Hay Michael, Good points , I enjoy your Videos, One thing that bothers me is I listen to a lot of talk radio and no one ever talks about how to solve this mess we are in. My Idea is have a 10% sales tax on anything purchased by anyone Bissness & Private that includes Homes Land & Stocks but not Food . You could get rid of the IRS make life simpler for the common man. The next thing start a National Lotery with a maximum win of 2 million there would be lots of winners every week . This 2 things would pay down the National debt.
    2
  59266. another fishy thing is how many insurance companies will drop you if you install solar energy panels.
    2
  59267. 8:55 - I think those are Baobab trees from Africa.
    2
  59268. 100% agree on the burning of the pensions. But dont' worry all the executives got all their golden parachutes. (/sarc)
    2
  59269. Like always Michael great information and your hardwork is greatly appreciated. But its funny how all these YouTube realtors. Are now doing reactions videos to real estate investors. Who are telling the real truth.
    2
  59270. First comment? 💪
    2
  59271. Love seeing the crazy house prices.
    2
  59272. So whether an item on a 0% payment plan is $7 or $70, if it’s a late payment, maybe it has a $5 late fee per payment plan, which is 70% interest on the $7 and 7% on the $70. And hey, it’s your fault for being late.
    2
  59273. Minute 2:05 ❤️
    2
  59274. How do these lenders think this crap up !
    2
  59275. Another good video,good info thanks.🤘
    2
  59276. Walking vids…Awesome!
    2
  59277. In 1980 if you had a job you could easily rent a house.. now you need a PhD.. in 1980 we lived in a house for free!! We moved in 1981, that house was $50 a month! 1983 rent was $450. 1984 my parents bought a house.. no doubt keeping a roof over your head is way more difficult today.
    2
  59278. 🥇
    2
  59279. I look forward to hearing the real estate tea from you every day. I would love it if you could talk about the "boom & bust cycle" everyone seems to talk about when they have lived in Miami for a while and your thoughts on it.
    2
  59280. PIkes peak .. Its nice 2 hrs
    2
  59281. Interesting that that home still has a "For Sale" sign out front, when it's been "For Rent" for a month? (Maybe the buyers also have it for sale at an equally insane "asking price," to offset short term capital gains, being marketed to foreign investors, if it was a foreclosure, or REO?) Also: Sothebys, etc. had many of those multi- million $ homes for insane STR rental prices, but I suspect ever fewer are still renting to execs, etc. for ridiculous month to month rates, in mid- 2022?
    2
  59282. Maga Mike is right on this point: Condos prices there are going to fall. Single family homes a bit inland will hold their value as they have individual insurance.
    2
  59283. Homes will be cheaper in the next few years, look who is our Pres.... Recession on the way.. I was around in 1981 interest rates were 18 %..... as far as the most expensive home insurance ??? SAN Diegans pay additional FIRE INSURANCE in most areas that can run 18,000 or more in addition to regular home insurance.
    2
  59284. Thank you Michael thank you
    2
  59285. Michael, I have to go against you on this one. I live in a 1300 home fancy neighborhood HOA in sw Florida. Been here for a year. No problems. But i guess that's because I am basically a rule follower and have zero interest in trying to express myself through the color of my home. Yes, there are rules but they are not arbitrary. I'd like to walk outside and pick a mango off my own tree but the HOA says no fruit trees because they encourage rodents. I dont like rodents. I'll buy my mango at the store - and for those of you guys that think they are going to survive in TEOTWAWKI from your fruits and vegetables..... I bring my garbage cans in within 24 hours. It's not hard. I like having the HOA working for me with the landscaping people, I like the community pool maintenance and taking care of the roads in side my gated, with guard, community. And I also like this: I came from California where even in really nice neighborhoods they are dealing with bad people moving in, stuffing a house with extended family and really lowering the quality of life of their neighbors and the police don't/can't do diddly. At least in an HOA if this does happen the HOA has rules that can begin fining the owner of the property - it's usually renters creating the havoc - and while the HOA might not be able to collect on it immediately they can put a lien on the property that grows significantly larger every month. I realize that might not be a collectable lien if the property goes into foreclosure as the bank might take everything from the sale price before the lien is honored. Not sure how that works in Florida, but that was case in California as was told to me by our attorney when I was the president on the board at our 16 unit HOA. We were fortunate to actually be able to collect on a lien because the problematic family ended up doing a short sale rather than going into foreclosure when they decided to sell the house they couldn't afford, even with their whole extended family living there. As for the idea that board members will have to take a course to get on a board... maybe that will work in Florida at my 1300 HOA with mostly retired guys from the Midwest, but I can tell you in a 16 unit HOA in California it was near impossible to form a 3 person board were the owners were 75% non native, non fluent in English, and not particularly community oriented people, or at least working too hard to have time to serve. The idea that you are going to require them to take a probably state run full of DEI course to serve on a board is unrealistic, to the extreme. And while I am fully onboard with catching, trying and punishing fraud and corruption on boards, the idea that someone is going to want to open themselves up to any liability to serve on a board for free adds another hurdle. Boards carry insurance for their board members but making it any riskier than it already is would completely wipe out anybody serving on HOA boards. If the goal is get rid of HOAs I can't think of a better way than to make serving on a board a liability. Or maybe just have the HOA board be run in receivership by legal firms as happens when boards can't be formed when you can't find people to serve. "Give Karen a break."
    2
  59286. This is one of the reasons in Miami when the next windstorm comes, the following year for policy renewal will be outrageous. Might have to sell the house. I went from $4500 to almost $12000. Buyer beware specially if you are out of state.
    2
  59287. You think it is hot in Miami, in February!😓 In Costa Rica, we entered our no rain 6 month dry season, and heat in the 90s. Those poor tourist that come to our beaches, have no idea the high UV rays are cooking them.
    2
  59288. You are a National Celebrity! Great content as usual.
    2
  59289. I just flew back from Vegas to Fort Lauderdale. I always use points to fly and if I dont have enough points I dont fly. My roundtrip to Vegas was free, however, my return trip was canceled and had to rebook for extra $150. I didnt complain as the points rolled over and got to spend 2 more night on Vegas comped. Flying to NYC to see my family in August, paid $100 including JetBlue points.
    2
  59290. Recession coming to a city near you.
    2
  59291. Another Great Video Michael. Always look forward to hearing you every day.
    2
  59292. ❤❤
    2
  59293. Forget the turkey, I am heading over to the canal with some bread and a net Muscovy Duck or what we call "Turkey Duck" is on the menu!
    2
  59294. Michael, isn’t this a ‘CRASH’ in inflation, in the same way you say home prices are ‘CRASHING’? Why you think one is a ‘crash’ while the other is just ‘a little less up’.
    2
  59295. The smaller investors are dumping the bachelor pad on the mls in Denver. 1/1 units are all over the map.
    2
  59296. You got a hair cut yesterday. Nice feathering. :)
    2
  59297. Don't get killed in SF..
    2
  59298. friend, the bottom line is they are banning people
    2
  59299. Been in FL for almost a year. It took me to PAY a ride on an airboat to actually see my first gator. If your looking for gators you wont find em unless its that small mating waindow in late April/May OR you just are careless and don't look.
    2
  59300. When you come to San Diego, make your way to Mission Beach.... MB
    2
  59301. More than 75%. More like 90%.
    2
  59302. What a beautiful day! Thank you, Michael! 🙌🏼
    2
  59303. How were the so see ums?
    2
  59304. CA may as well be another country.
    2
  59305. Michael, State Farm is trying to get in touch with you regarding a job opportunity!! LOL.
    2
  59306. Carl schwab says youll be happy when you oen nothing and youll eat the bugs we provide. Communism/feudalism.
    2
  59307. Dollar is losing value- government has screwed you
    2
  59308. Are you sure you aren't just looking at the discounted monthly rate?
    2
  59309. 😁😁😁 Don't worry Don is Don and Mike is Mike no Confusion..ALOHA
    2
  59310. Statistically, condos fair way better in hurricanes than SFHs. People go to bed in their ground structures and then get smashed by a tree or something to never wake up. And especially in the US, most SFHs are made of something close to cardboard. If a condo building doesn't have a flawed design, it's way better than a SFH safety wise.
    2
  59311.  @MichaelBordenaro  I'm sure! I just saw this morning another You Tuber (Daze with Jordan the Lion - he is a musician, too), who just bought a place somewhere in Florida. He is moving from LA. Said he was done with LA, as far as living there goes. He got a beautiful house! Also, You Tuber, Adam the Woo, just moved back to Florida from Orange County. There is another couple (You Tubers - Best Life and Beyond) who live in the LA area, but are currently in Florida, and are considering moving to Florida.
    2
  59312. I love the Doral area
    2
  59313. good one.
    2
  59314.  @MichaelBordenaro  Good I'm about to move to Jacksonville
    2
  59315. Housing downtown and depression just starting
    2
  59316. Gloom and doom? I call it reality! People are so afraid of the truth…I know because I was at one time…I awakened and see all the things I should have years ago…we’ll the dot’s definitely get connected now…people should be grateful that real deal info is able to be shared now. We didn’t have the tools before…and without the jab to add pause for a group of people…YouTube would not have grown to include experts like yourself. We should all be lucky we have access to you and other like you. In the past we had to either know someone or pay to get this info…or learn the hard way! I guess folks don’t respect things that are free…what a damn shame! Your channel should have 10 million subscribers instead of dumb mindless channels that show stupid pet tricks. Keep doing what your doing…I for one am truly grateful for you Michael! 👍🙏🔥🎯
    2
  59317. It's only going to get worse.. wheres this headed
    2
  59318. Love Cocoa hit it up a lot!
    2
  59319. Scottsdale $$$$$🤑🤑..Don't u Sleep=$$$$ ??? ALOHA 😁😁😁😁😁😁😁
    2
  59320.  @MichaelBordenaro  the best part of Northern California is farther north of San Francisco. Elk, Gualala, Mendocino...the Secuoyas.
    2
  59321. Redfin (R.E.) laid off 201 people on Tuesday in the Puget Sound.
    2
  59322. Pay all those fees and that amortized high interest..then refinance later and start all over again .. Great 😃
    2
  59323. Second
    2
  59324. I remember when I got my first house I thought I had a deal at 11% interest rate, mind you the house was only $120,000 in Los Angeles county at the time. Ebbs and flows. Yes I will be greedy if the market tanks and there is some deals out there. This my friends may be that time. I don’t like that word, greedy, but this may be that time.
    2
  59325. They lied about inflation rates because by law everyone on retirement would get that amount of an increase. With would have been around 18 %. That would have bankrupt the social security. But maybe I’m wrong but I doubt it.
    2
  59326. Amazon is just greedy
    2
  59327. Montana RealEstate prices are holding but sales are slow.
    2
  59328. I have a paid for new car and 5 year old car. Retired, no debt at all and doing fine!!!
    2
  59329. Awesome programming 👍.
    2
  59330. Thank you Michael, really appreciate your analysis as always :D
    2
  59331. Hurricane later this year? You guys are getting a hurricane next week!
    2
  59332. Greetings Professor Bordenaro. You have a great opportunity to completely change how Fla. and Ca. build homes by producing videos like this. Keep up the great lessons you provide! Thanks🎉
    2
  59333. The upcoming COLA is negligent in providing a notable increase in SS benefits. It's already evaporated based on this economy. Yet, there's always money for wars...
    2
  59334. I worked in construction since 1984 and it is not profitable to build crackerbox homes with the smothering code requirements. The only profitable homes are large sub mcmansions. Demand the building departments relax the pricey requirements that other countries don't have.
    2
  59335. Mike I go cheap when I travel even in abroad. I pay less than $50 per night
    2
  59336. Are the Realtors on Miami Beach having a hard time as well... currently?
    2
  59337.  @MichaelBordenaro  Yes, but I mean you both speak the same way...saying the same phrases, etc. When are you getting to California? Will you still be coming to San Diego?
    2
  59338. Ive made Tons of money betting Red or Black. High odds of hitting one or the other. Betting a number on Roulette is 35 to 1.
    2
  59339.  @MichaelBordenaro  Good to know. Need to hook up with some players...
    2
  59340. Miami is a tricky and fake market. Go online and read listing, they have the habit to put a house on the market and remove it, them re add it and so on. This is something that was done on the 80's and 90's to make believe that houses where selling quickly. Is a lot of houses in Miami for sale everywhere. I agree with Michael that you should wait, I have a very healthy bank account and savings to buy any houses that i want, but I wont. I will never play the game of the sellers or Brokers. The purpose of buying a home, is that you are comfortable and know that the house is actually worth the money you paying for it. Which is really not the case in Miami. If not rent, and buy somewhere else and rent that property or buy vacation rentals, you will make more money. Now when you rent, the landlord ad all his costs of maintenance, insurance, etc to the rent, so at then end it becomes the same that you rent or buy. cost based. Yes you will have maintenance and others when you buy, but if the house has been remodeled or in good conditions does fees are medium to long term, so save every month a small amount and you should be OK. Be aware that you are already paying does fees on a monthly bases on your rent. Now If you are in Miami, zone A good luck with insurance, particularly flooding insurance.
    2
  59341. Wait for a 40% crash house market before buying
    2
  59342. Great video, Michael and Travis!
    2
  59343. I have to admit, I do miss sunrise over the Atlantic.
    2
  59344. Hey guys....wow....😂😂😂😂😊😊😊😊🎉
    2
  59345. Man, that is an ok park, but definitely not the only one. There are at least a dozen more really nice parks.
    2
  59346. You’re hilarious! I’m the same schedule and never eat breakfast, only I gave up coffee years ago. I replaced with a green smoothie if anything. We are few and far between. Love your honesty! I’m needing to be a snowbird every year🙏🏽 Best of luck with your channels and thank you for all the fun info!!🎉🎈🎊🌈 🏝 ☀️
    2
  59347. Great Collab!
    2
  59348. I have lived in calif and Florida and I agree with you on the differences.. Good job
    2
  59349. The sooner you buy a house the better especially if you buy before having kids.
    2
  59350. Sleeping pods? $600 a month? 😱
    2
  59351. Excellent
    2
  59352. Only in those cities. That's a Wake up call.
    2
  59353. Greeting from Spain
    2
  59354. Lol I'm a millennial and I've never once paid 28% of my monthly income on rent. Sounds like a dream, throughout the years it's hovered around 35%-50% of monthly income... That's just normal for me
    2
  59355.  @MichaelBordenaro  buildings are being immediately checked now. No disrespect to your neighbors that are suffering,.
    2
  59356. Shades of LA. Palm Springs has been a nice alternative as far as traffic goes. People can be so inconsiderate, blocking lanes, driving extremely slow, holding up traffic, and not having the common courtesy of pulling over to let all the cars pass.
    2
  59357. You should pass by Hialeah people want $500K for a house that’s falling apart. We need a correction soon to get people back to reality.
    2
  59358.  @MichaelBordenaro  I do stand corrected Michael. The municipal monthly parking rate is $70 per vehicle, and there is a waiting list. I checked their website With proof of residency, registered Miami Beach residents will enjoy the discounted hourly parking rate of $1.00 per hour at on-street meters, off-street meters and garages. Additionally, residents are provided a discounted monthly rate at garages of $70.00/month plus tax. Please note that there are waiting lists for garage monthly permits. To place your name on our waiting list, please call
    2
  59359. They all collude…black rock bought up so many houses and it’s so many apartments building going up and the average person will not be able to purchase a home! Guess who profits???!!!
    2
  59360.  @MichaelBordenaro  Does he have a Instagram?
    2
  59361. You must be related to, or using the same playbook as Dan from iallegedly. He walks around S. California beaches and talks about the economic gloom as you do, but with a broader menu than just real estate. Must be a YouTube influencer playbook that y’all refer too 😂
    2
  59362.  @MichaelBordenaro  cool. I watch his videos too. I’m not sure I agree with all of his content, but I find the 20 mins. entertaining if nothing else. I’ll watch yours now too.
    2
  59363. I have three cars 98 Drango, 98 Mustang Cobra and a 99 S10. Take care my cars and so glad no car payments. Now retired and loving the cobra.
    2
  59364. The auto insurance rate was not just in Florida. I live in the middle of nowhere in Nevada and mine went up another 140 for no reason. We have so few people that we don’t even have stop lights. 🙄
    2
  59365. Hello everyone
    2
  59366. Shouldn't have shame promoting gold and silver since it has proven to be an attractive source of wealth for over 5,000 years...
    2
  59367. Wow you almost have to be a millionaire to live in Florida anymore.times are getting insane.
    2
  59368. Dear Michael, The answer is to build more housing. Not, more laws. Let the developer and investors build more housing by lessening capital gain taxes and fewer regulations on buildings. Build so many houses that the builders can't give them away. The housing crisis is created by excessive government regulations and taxes. Real Estate development is great for the economy.
    2
  59369. Hello from illegal immigrant infested Massachusetts.. we are spending $45 million a month on them so our taxes have doubled in the last 4 years.. so bad
    2
  59370. Used a cc for repairs! OMG
    2
  59371. the duration of a loan is supposed to match the duration of the asset.
    2
  59372. This is off topic but Michael looks like Andrew LaCivita or vice versa. yall might be related or same tribe lol.
    2
  59373. Could you make a video on how life’s differ from living in north vs south Florida. Cost of life, climate, animals, job market and house market could be some topics✋😃
    2
  59374. Bordenaro for Congress!
    2
  59375. I’ve experienced three earthquakes here in The Philippines that shook my building. The biggest was on July 8, 2018, when a quake struck the neighboring island of Leyte. My bed, with me in it, moved with the building at least six inches back and forth a few times. Laying there hearing the building creak around me, up on the 18th floor, was quite disconcerting. I generally feel safe here, and this building is fairly new and seems solidly constructed. There’s an infinity pool up on the roof, on the 28th floor. I could imagine the water sloshing around up there, and about a year later I saw a this video of a building in Manila. Yikes! https://youtu.be/azcTqhPUK5o
    2
  59376.  @MichaelBordenaro  many are built by Chinese construction companies, which doesn’t give me a lot of confidence.
    2
  59377. Buy house for 350000, put 70000 down, 6-7%, insurance and taxes, maintenance, for 30 years= 1 million. If the home is worth 1 million in 30 years you broke even.
    2
  59378. If you're going to be in the San Francisco area there's a beautiful stained glass mausoleum/columbarium at Cypress Lawn Memorial Park in Colma supposedly the largest necropolis in the United States. You have to leave your I.D. at the front desk to obtain the key.
    2
  59379. Everything the government touches...makes the situation worse and you know it.
    2
  59380. Sorry....Miami Beach does not even compare to the beaches of the Panhandle. Don't even try!
    2
  59381. Great video Michael!
    2
  59382. New subscriber, liking the content, great information, great visuals.
    2
  59383. it's not 100% doom and gloom, there's intermittent nature panoramas. if that's not celebrating the positives in life, what is?
    2
  59384. I can tell you right now the way things work is any PPE fraud funds recovered are going to be put “the general fund” and the damn general will spend it!
    2
  59385. I'm trying to keep up with you I didn't realize how many videos you had thank you so much
    2
  59386. My nephew wants me to buy a multi and live in it while renting out the other apartment. Then buy my own home after a few years. Similar to what you did. :)
    2
  59387. Mike I know you said the traffic is bad in Miami, but California is going to be a lot worse I know a lot of people that left California because of their traffic
    2
  59388.  @MichaelBordenaro  Michael As we age we like it quiet I would think you would definitely like St Augustine It’s a little cooler than Miami More of a change in seasons I know what you mean about California I was out there for one week years ago and I never saw one cloud in the sky I did like the fact that California gets nice and cool at night virus Miami Best of Luck on what you decide Joe Coletti
    2
  59389. This companies are the globalists behind it , you will own nothing and be happy , sounds familiar , new world order garbage . They want in the near future for people to rent everything. Hope it does not happen but is heading that way , cheers
    2
  59390. Doing contracts for buyers would be a good job for AI eliminating buyers' realtors altogether. After that, start sellers using AI. I doubt that idea is original.
    2
  59391. I'm amazed that many remote workers wouldn't have planned and/or tried to understand the risks and possibility that they would be required to return to their offices.
    2
  59392. There is no natural law that requires a deadline for a certain dollar level requirement . However , delaying the reporting requirement does NOT change the need to make the repairs that has been DELAYED for decades . Adding to the reporting requirements is that there will be a large number of condos that require repairs in a relatively short period of time . This translates into repair costs being much higher than before . Add in the probability that a major hurricane hits during the next few years , that property taxes and insurance rates keep on rising , condo prices will collapse
    2
  59393. Bubble had popped! We would need more stimulus above and beyond what has been injected over the last three years to save this train wreck. That isn’t going to happen. Anybody buying now is a complete sucker.
    2
  59394. Love your vid's....even though I like trolling the peeps in Miami about their insane drug induced ideals
    2
  59395. Inflation is going down, QT is tuning down based on latest fed statements, which means, our central bank will be buying government treasuries, which means, mortgage rates are going down Mike, you are a smart guy, so you should know it :)
    2
  59396. It may be a tax write off for the celebrities you mentioned when they sell at a loss. So, in the end, it may make some kind of sense for them.
    2
  59397. Remember Homes are selling for 750k At 7% If rates go to 10%, homes drop to 500% they still making more money from interest
    2
  59398. Mortgage Lender: Good news, you've qualified for 3k in closing cost coverage. Isn't that great? Seller's Agent: Good news, looks like we can increase the sale price by 3k exactly. Isn't that great? That's exactly what all the free money for poor people programs do. Don't believe me? Look at education. I say this as a working class single mom with unfortunately excellent credit.
    2
  59399. im a fed worker that is 100% telework. You are correct about the lease, but we have to wait for the lease to expire. We once 6 floors and now have 4 floors. The advantage to all digital - we don't need a mail room, shipping files, or mail room staff ( 5-10). We save about $5k a week on postage, copy paper, and shipping. I work for FHA, and say in 2000, we would receive paper files from lenders. So you want to go back to 2000?
    2
  59400. I'm going to have to disagree with you and the FED on this Michael. If you look at the sudden explosion in valuations, it coincides with a reduction in inventory which began in 2020. I think most of this is reverberations of the pandemic, people aren't making moves and hunkering down in place, so less available housing in the market. So even if demand remains constant, supply will drive prices. The exodus is coming from the cities, people are taking advantage of the work from home movement and snapping up any rental housing in more affordable suburbs. When you take a global crisis, add geopolitical conflict, international supply chain disruptions, and weak government, it's a perfect storm. This is going to take a few years to shake out.
    2
  59401. If you buy today and close on August 1st,do you have to pay realtor?Or will the seller will pay it?
    2
  59402. Another excellent and timely consumer awareness video. Thanks Michael.
    2
  59403. South beach tow don’t play that🤣🤣🤣🤣
    2
  59404. How about a video on where you can find the newest, energy efficient affordable homes in Florida?
    2
  59405. Is not just great ,... in ~ 1930 worker's made ~ 2400$ per year ,... a good real house was ~ 2500$ ,... but CAPITALISM CORPORATE,... thing is great no ?
    2
  59406. Leaving to go where? Lol
    2
  59407. What's up Michael crazy question here , what you think is going to happen to home owners equity on their property's with this great reset 2030 ??? Are houses will be confiscated from owners like their saying and everything will be rented , I'm pretty sure you Heard of this from DAVOS , let me know your opinion , should home owners sell down the line or??? This is some serious stuff , no conspiracy theories on this , thanks , always great videos
    2
  59408. If wages don’t go up by 50%, eventually the market will correct.
    2
  59409. Why should all of us in Middle America pay for all these Beach people to rebuild brand new houses in the same dangerous areas? Total socialism
    2
  59410. Im curious what is happening with the condo you own in Miami Beach? Are they charging you a special assessment or has your bldg been inspected? Thx so much
    2
  59411. Good Lord, I can hear Dave Ramsey screaming “SELL THE CARS!”
    2
  59412. I’ve been getting tons of notifications of homes “back on the market” after going under contract in south Florida Broward county. A few homes I loved have gone down to the value I like, but with these rates $5k a month is not it for us
    2
  59413. Cool. I am looking for a cheap adventure to the west coast! Maybe I will do a vid similar to this, but around where people have been fucked by neoliberal policies!! Enjoy!
    2
  59414. Good messaging, Michael. Like you, I prefer to live in reality, not the one the US government feeds us. I'm retired and glad not to read all the releases marked "Not For The Public" and the accompanying warning. You're trying to protect people (expendable lambs being led to the slaughter) and see the reality. Great job!
    2
  59415. I love this channel. Thank you for having the common sense and knowledge with sharing and teaching. New follower for life.
    2
  59416. Meanwhile, the emergency broadcast system goes off 😂. I switched my phone to airplane mode. Didn’t hear any of it. Maybe I’ll hear it next time. These rates aren’t going down for a while. Just call me “Sideline Sally” for the time being lol.
    2
  59417. Those jobs reports are pure fiction. Most jobs created are part-time or government. Illegals are outpacing US citizens in taking on new jobs. This government truly hates you.
    2
  59418. Hey Michael, I notice you have an amp and a guitar. I saw one of your videos. Can you play us a real estate song. We would love you hear you sing. I’m just assuming you’re a musician. l am musician myself. Forgive me if I’m wrong. We love your videos. Enjoy you trips! 😄
    2
  59419. Michael, the only logic I can see as to who can afford these homes is foreign buyers or corporate buyers like BlackRock trying to drive up the prices all over. Treating homes like stocks has already proved a disaster to the world economy...can you say GFC!!!
    2
  59420. Question, the mall you mentioned to be build as the largest mall in the mall, when do you think that mall is projected to be finished, and is it under construction right now?
    2
  59421.  @MichaelBordenaro  oh wow that’s crazy! Thank you Michael, I also wonder how’s the train process is going, this train is supposed to go from Miami to Orlando. I wonder how that’s going
    2
  59422.  @MichaelBordenaro  so this pandemic didn’t cause this train delay at all?
    2
  59423. I did enjoy this video and many other ones.....thank you blessings
    2
  59424. Wait till FED starts cutting interest rates cos stock Market is going down and rich people aka Wall Street not happy.. 2nd round of inflation will push millions of Americans into poverty and buying a home will be unattainable dream. Debt will be inflated away by FED and Government
    2
  59425. My two favorite you tubers together in person! I'm here for it!
    2
  59426. Hi Michael. I've just seen this video and very helpful for future trips to Florida. But passe grille was the exact same reason why we went there as original plan was to go st pete beach. Wow!. Love passe grille. The vibe was awesome. Definitely want to go there again.
    2
  59427. It’s winter for me :D
    2
  59428. Thanks, Michael! I’ve been thinking about what the results will be when the bottom drops out and all of those big money buyers are left holding the bag?
    2
  59429. The last 2 houses that I sold I used a flat fee realtor and saved so much money. I resent having to pay my realtors fees and the buyers realtors fees. With a flat fee realtor, y ou pay a flat fee. The last house I sold I paid my realtor $995.00 and then the buyers fees. That is the way to go when selling a house.
    2
  59430.  @MichaelBordenaro  No, don’t get me wrong, I think you put me into a category I’m not really in. It was a hypothetical question. I was under the impression that companies like Black Rock etc was preventing people from buying properties. I was happy with your answer, because it gives people stuck in other states hope of a better life. Thank you buddy, I really enjoy your channel
    2
  59431. First for cheap houses in FLA
    2
  59432. Good topic.👍😍
    2
  59433. there is no class how to make money room 101.
    2
  59434. Folks seem to have lost all sense of finanacial direction & common sense. The public schools & digital media have done their job. In their defense though, today's wage scale ain't cuttin' it either in modern times.
    2
  59435. Michael, you got out of Dodge just in time…. Northern California to Washington State expecting “A low-pressure system headed for Northern California and Oregon likely to bring extreme rain and strong winds” called a ‘bomb cyclone!’ The San Francisco area is expecting 70 MPH winds! Good timing kid!
    2
  59436. Only way out is a major crash (financial/housing) - its a ticking time bomb - it will happen soon - and everything will come down!!!!!!
    2
  59437. The realtors in my area of Palm Bay are all smoking the hopium,...and they love to pass the pipe around to any and all potential customers (which there are very view of right now).
    2
  59438. Pension Funds are going to Collapse by at least 50% this year and many will go out of business.
    2
  59439. I'll be moving from Chicago to Southwest FLA...love the vids keep em coming!
    2
  59440. I guess all of the malls have that white out look inside now. I remember the old 163 street shopping center when it was open, and Dadeland mall when it was a partially outdoor mall. I see that Aventura mall is quite busy now.
    2
  59441. The climate cultists are pushing electric cars. They don’t have common sense. They never let facts get in the way of their agenda. And they ignore how much damage the manufacture of car batteries does to the environment.
    2
  59442.  @MichaelBordenaro  I still prefer a southern cold snap versus and Iowa one. Where I’m originally from. I just couldn’t handle all that cold anymore. Too rough for me.
    2
  59443. Low interest rates in 2021 was better then trying to wait it out in a rental. It’s still is more expensive then a few years ago. The best way to do it,is to buy when you want to and enjoy it for a while. People waiting to buy(Timing the market) paid more in rent with no tax benefits. If John hangs onto the house, He’ll have more money for other things like investments then the other person because he done it right in the first place. Also, John is going to accumulate equity a lot faster than Carla would with each payment. If John had waited to purchase, he may not be able to afford anything today. I know people who screwed themselves while they chose to wait for foreclosures and they can’t afford much of anything today. It didn’t happen they way they thought and hoped and They are stuck renting for more then if they bought only a few years ago.
    2
  59444. A more compassionate and appropriate term is overweight. I played this video in yoga class in 6 people walked away after they heard the term fat. It's a mean, childlike word that sounds condescending. Please use overweight. It sounds like your truly trying to help than to shame.
    2
  59445. Cars and houses that are priced on the lower end are selling like hot cakes. THAT's the market. And that's what I own.
    2
  59446. I love your channel for a great pulse on things. ....Let me clue all into something without watching your vid first yet looked at the title; since I'm in the biz. Today's new house construction has wow factor upgrades in terms of energy conservation and modern amenities that pre-crash 2008 can't compare to. If you live in a municipality that has good building regulations and oversight, then you should not worry about the quality of construction. Be aware of ignorant home inspectors and low check and balance municipal areas. Good run counties have this in place. Some smaller cities within counties have a lot less professional knowledge structured in because of less budgeting revenue. ....New house construction is lowering prices yet many are targeting a renters nation.
    2
  59447.  @MichaelBordenaro  now the gas dropped to $2.49 and there two gas stations on that corner. That compete lol I like taking my little five mile drive that way to fill up too but yeah your right we can still find reasonable things out here 🙏🏽
    2
  59448. Love your videos.. so informative 👏
    2
  59449. Start a home-based business so that you may get some write-offs. Just be sure to workthru the tax effect up than including the sale.
    2
  59450. You are absolutely right Michael, people who put down 500.000, 1 million or more to buy a property in cash are not too worried about a recession, whether it's shallow or deep. The amount they put down is likely no more than 5-8 percent of their assets overall. As you know, I am personally researching Miami-Dade for future property buying (homestead) and I see big differences in price/sqf within the county itself. I find the $/sqf an important value measure and noticed that you used it for the first time today (?) since I have been following you. Because of the big difference in the $/sqf prices I see, I am not sure how overall relevant the median or average sales prices of property really is in terms of affordability when it comes down to it. Any thoughts on that? Keep up the good work.
    2
  59451. They're not building homes for first-time homebuyers because the laws make it impossible for the builders.
    2
  59452. I bought a condo in Naples in 2009, last year I changed my domicile to Fl. and I sold my duplex in Wi. I now spend about 7 months in Naples and the rest in Wi. If I had to work outside in the summer in Fl you are absolutely right, I would not live there.
    2
  59453. The reason why there is information that is confusing I believe they’re waiting for after the midterms
    2
  59454. Always do for Michael.
    2
  59455.  @MichaelBordenaro  Also, when you withdraw from your 401(k) you have to be careful about the amount in order to avoid jumping to the next bracket.
    2
  59456. Happy holidays Michael.
    2
  59457. The Biggest problem with the Federal reserve they became political !
    2
  59458. I live in Northern VA and our personal (vehicles) property taxes went up this year. So yes, I agree everything is going up. Really enjoy your content.
    2
  59459. Thats the thing you got a lower rate and it seem's like a good deal but you still overpaid for what you bought by at least 20-30%, if the prices now drop 20-30% you cant sell or your taking a huge loss, more than what your saved on your monthly payments. If your planning on spending the next 30 years in the house it might not matter, but if you looking to move or change in 5-10 years you got a serious problem, you might still be in inflation bigger than now and not to mention a house does depreciate with age... your incredible deal end up being an incredible nightmare.
    2
  59460. Michael have you gone to Balboa Island? If not you must go and do your video in front of the infamous Balboa homes
    2
  59461. Is that near HAULOVER INLET? Some of the best boating fails in there!
    2
  59462. The New Property Tax Assessments are INSANE. The Government is cashing in by raising Taxes ... especially on Condo's owned by Snowbirds. It is VERY Criminal and will change the FL market for the worse very fast. AND... THIS DOES NOT even cover the 25% increase on Property Insurance! Florida Rents should be MUCH HIGHER. Another Good Video Mike. Keep Exposing and Speaking the TRUTH. It is a Money Grab
    2
  59463. I wish the price goes back to where it was in pre pandemic
    2
  59464. Molly .....you haven't seen anything yet!
    2
  59465. Thank You for My Daily Dose of Doom and Gloom ☹️
    2
  59466. How many people on YouTube are walking around the neighborhood as they talk. You started a trend.
    2
  59467. What happens to a person who bought a house for 500k loosing their job and have to sell for 250k if house prices drops 50%? Will the person be in debt for 250k for the rest of his life without a house?
    2
  59468. You are so right Michael. Having pets can be very expensive. I have one cat and I spoil him rotten. Sometimes his food and supplies, like cat litter and everything else he needs costs more for the week than my grocery bill. But since I don't have kids or a partner, I have to love someone. He is it.
    2
  59469. Couldn't the lady rent her house to someone who can pay enough to cover the mortgage and in a few months when she heals up she can move back into her house? What is the down side of this?
    2
  59470. Wow, it looks similar to a house I lived in back in Massachusetts. Looks exactly like the street I lived on too, need to explore more of Florida, lol. Thanks for the video!!
    2
  59471. Hey buddy. “It’s a booming recession! Come on man!” We’re going to get your bank account shut down if you disagree with us on anything!
    2
  59472. Thank you for this video today. I've been wondering how everything is going with you.
    2
  59473. Oh my gosh! Welcome back! It feels like you’ve been gone such a long time. I hope you and Lisi enjoyed your trip. That house is nice and big, but so is the price. I’m sure a large family would appreciate it tho. Can’t wait to see what it sells for. Are there still bidding wars going on?😊
    2
  59474. Homebuyers really gotta be smart since some deals are made out of desperation to sell. Better to learn about the property they're about to buy personally. Saves 'em a lot of time Great advice, man! Keep up!
    2
  59475. thanks for the videos, look forward to all the beautiful land scapes.
    2
  59476. Michael I’m surprised you didn’t run into Alfred Montineer another YouTuber there at the inlet ; ) . Beautiful day to be there .
    2
  59477. In 1989 I got treated like a slave and only made minimum wage was $3.15 an hour I WORKED my a@@ off. Planting trees landscaping snow removal. so now days people makeing $20 or 30 an hr. are spoiled. I was making $21 an hr in 2010. when you have alot of money it becomes a pain in the a@@. Good luck people!!!!
    2
  59478. 100% agree on the restaurants ... more expensive and still really crowded. This is Massachusetts ( Boston area). Yes and the service is ok but a little off.
    2
  59479. ♥️ Awe hi mom! 👋😃
    2
  59480. What does Dave Rambles say about this data?
    2
  59481. Thanks for the video!
    2
  59482. I used to work for LA Public Library. Two patrons started an argument and a homeless guy got off one of the lounge couches and said "Hey! Do I act like this in YOUR home?" Because if we didn't close, he'd have never left.
    2
  59483. Sensible observations. Good to have narration of the pattern of what you are seeing, while it may be somewhat different in other areas. Thanks for sharing Daniel's idea as I think it is a great idea for making it more possible for homebuyers to buy a house as opposed to investors!
    2
  59484. The world needs to come back to reality
    2
  59485. Florida will soon become like California with tent cities everywhere. It is a state full of retirees on low fixed incomes and majority of the population working very low paying service/clerical jobs that are ridiculously out of sync with the high cost of living here.
    2
  59486. I like snarky Michael, he speaks the truth from his perspective. 👋👍👋👍👋👍👋👍
    2
  59487. Does the same apply to land lots?
    2
  59488. Give the $$$ back!
    2
  59489. I'll admit the new home builders are still building. They believe the media. Now as I see since the crazy building started in Trumps term when builders could make a huge profit because of record low inflation & mortgage interests % few new homes are occupied today. Today's way under reported inflation %%% is killing peoples bottom $$ line.
    2
  59490. I look forward to your videos everyday in that awful heat..thank you 😉
    2
  59491. Go walk in south miami and coral gables 👍
    2
  59492. Yes! People should stop buying everything for a economic protest.
    2
  59493. Someone got a haircut!
    2
  59494. Canon city is amazing
    2
  59495. Bumping along with the craziness of the times we are living in. We just all need to keep hanging in there!
    2
  59496. So many places in Florida that are amazing!
    2
  59497.  @MichaelBordenaro  let us know if y'all come by our way we would be happy to take you to some cool spots snorkeling and kayaking on the water. Three Sister's, Weeki Wachee and Rainbow River are two of Florida's top spring's to visit.
    2
  59498.  @MichaelBordenaro  feel free to check out some of our videos of cool spots we hit up. Some amazing places on our side of the gulf that are truly breathtaking!
    2
  59499. Am I seeing things. 😂😂😂
    2
  59500. Mike, i love your content, but i have to say im really here for miami walk arounds 😅,and i live in Florida 😂.
    2
  59501. Yoooooooooooooooooooooo. Stopp! I cannot believe this collaboration happened!
    2
  59502.  @MichaelBordenaro  this is why I sold my two rental properties and fixing up the third to unload, for me it's to much of a hassle for the few hundred that I try to make each month
    2
  59503.  @MichaelBordenaro  I've rented my house for almost 18 years now! It wasn't my intention but I moved in as a single parent when my girls were young and it became home. I didn't want to move them from home until they graduated high school. I will now(finally!) making the move from NJ to south Florida in February! .
    2
  59504. How about running away from snow and cold weather does that count??? Wisconsin...I'm over it 54 years born and raised..
    2
  59505. Maybe local governments can restrict how many houses can be rentals in their communities to slow these corporations down.
    2
  59506. We visited Disneyland in Southern California while there we drove to Huntington..gorgeous homes and beach..I would live there if I could afford it. I agree it’s tight poltically in San Francisco..I know I still live there. Still debating whether to stay or move to Nevada which has it’s water problem.
    2
  59507. Really appreciate you!
    2
  59508. Thank God my taxes went down this year here in Dallas Co TX. I am just anticipating the condo insurance hike due to all of these catastrophes that have happened. I was in that really bad tornado in 2019 and a tree fell on top of our kitchen...yes I pay an moderate amount of HOA a month. How much longer is this going to last? It's not going to be anything like those HOAs in FL. I am familiar with lawsuits that been going on since 2009 (in Escambia or whatever it's called) smh. I am just hoping they don't decide to do anything cute in the next coming years.
    2
  59509. Home prices always go up, it is called Inflation, the US dollar is constantly cheapening itself, There is very little value in the us dollar anymore
    2
  59510. This time, the struggling economy is different because I've never seen a recession in which: If two years ago, someone had said, "A lot of people are going to stop eating at McDonald's, not because it's unhealthy, but because it's going to be way too expensive," would anyone have believed them? I don't care what you think about McDonald's products. When did anybody doubt that McDonald's would be able to sell hamburgers?
    2
  59511. AMEN gross display of wealth. I have nothing against the success of others, but when you come into my neighborhoods and bulldoze everything to build McMansions that raise our property taxes and ruin the character of our neighborhoods…
    2
  59512. I live in a Mobile home on 3acers of land in Iowa and my property taxes are less than the plates on my F150.
    2
  59513. what about all those high-rises in tampa and st. pete? is it better to live in one of those than in a house, if you're worried about sinkholes?
    2
  59514. I'm so hoping there's a nice house under $200k with a Pool and close to the beach, no HOA's, when I can buy a house in Florida. I'm able to start looking at the end of May and need to move in by the end of July, do you think it's possible?.
    2
  59515. I'm guessing the lack of rentals in Miami is due to the oversaturation of vacation rentals. Just wait until those will explode back on the market
    2
  59516. I would like to know what these people are smoking, It sure must be some good stuff.
    2
  59517. It would be helpful if people formed some kind of cooperative coalition community collective, instead of shooting at each other in shopping malls & automobiles when they feel angry or betrayed.
    2
  59518. You are absolutely right,
    2
  59519. Goodness !! YOU are spot on 🤩 there are not many agents that council clients the way you do. This is exactly how I counsel my clients as well. I appreciate your videos and candor.
    2
  59520. Nobody should be loosing their home.
    2
  59521. Good points about institutional investors. I think the main issue with investor risk to the market is the preponderance of 'small fry' investors. They seem to be snapping up the most properties and at record rates compared to the last bubble. Many of these people have little to no experience in real estate which is perfectly fine so long as the housing bubble is soaring. With little to no experience and almost no effort, you can buy almost anything and print money. Then the bubble pops and these guys get wiped out. If there's twice as many as last time, probably falls twice as hard and fast...
    2
  59522. come down here to San Diego! nice breeze
    2
  59523. As someone who has lived here over 30 years from the Northeast, I can agree with all your points here. Overall I do love it here though, and the cons and negatives have never really bothered me much, other than hurricanes. I was through Andrew and also the last one in 2005, and it was not fun! And my 30 years I've lived in Lauderdale by the Sea, Boca, Lake Worth, and now back in Delray Beach where I lived 20 years ago. It's a beautiful little town with an amazing downtown which is similar to South Beach. Housing can still be very affordable here, and we were picked as All-American City. Beautiful ocean, Etc.
    2
  59524.  @MichaelBordenaro  I love Miami too Michael, had been there so many times but not for a while and I miss it. My significant other was literally born and raised on Calle Ocho, his aunt and uncle owned a Hotel in South Beach. His mom was married to the assistant chief of police of Miami and they recall some incredible Mad Men parties in the sixties LOL. He used to drive his bike from Calle Ocho to Bayside and eat at the Howard Johnson's where his father was the head of Howard Johnson's for all the Northeast and Florida. Great times from the old Jackie Gleason style Miami. Last time I was in Miami, I saw Morrissey at the Jackie Gleason Theater. Amazing.
    2
  59525. While it’s not everywhere, San Francisco has gone down in price so much that all of the equity from 2021 and 2022 has been wiped off.
    2
  59526. Really like your videos however it is too focused on the beach. The Ocala area where we moved to is growing quickly. Ocala was something along the lines of NSB in the pass, however many companies are relocating to the area. Along with this is the World Equestrian Center, beautiful historical downtown with a growing nightlife and amazing natural springs, parks and bike trails. Great area to raise a family.
    2
  59527.  @MichaelBordenaro  Please don't stop showing us the beaches!
    2
  59528. The question of the day is? No sunglasses or sunglasses . You are handsome either way.
    2
  59529. I think they’re liquidating to be ready for cbdc’s, if that makes sense. I really don’t know but they always know more than we do
    2
  59530. HI Richard I agree as a West side Angeleno. IN my area we do not see homeless either, but going to Santa Monica 3rd street, Palisades park and Venice they are all over as does city protects them, feeds them and gives them clothing and so on. so they sleep in the parks. Also they have become very aggressive.
    2
  59531. Sales is a stressful way to go. I was a sales person Dun Bradstreet in NYC. They had a sales contest monthly. The prize you get to keep your job for the next month. Then I went to a national paint Co. They wanted me to sell only Jewish paint contractors. I was the token Jew. Finally I went with GAF corp. They were decent to start with. I built the territory up and then they asked me to build up another area. I asked if my pay would be on par if I wasn’t moved . They said no so I formed my own company. At first it was one for me and two for GAF. Soon it 3 for me and none for GAF. That was sixty years ago and every company I worked for are gone. You have to weigh the risk and benefits of selling realist on your own. I was a sales professional and didn’t want any deal that didn’t benefit both parties. I don’t know you well enough to suggest, but I think self employment may be best.
    2
  59532. Congrats Michael & once again, someone whose opinion & knowledge I trust.
    2
  59533. Great info
    2
  59534. Me I want to move to Florida lol
    2
  59535.  @MichaelBordenaro  hopefully this Fall
    2
  59536. My waterfront FL east coast investment condo is underpriced at $1550 but I increased the rent by 10% on 9/1/21 and will do so again by another 10% on 9/1/22 (if I don't cash out and sell it first!).
    2
  59537. Government can’t do anything without screwing it up. Small Government is best. If you want to see a real mess, invite Government in. Free markets are best. Boom and bust cycles are almost always due to Government intervention…
    2
  59538. Woohooo congrats on the plaque
    2
  59539. You are trying to sell real estate in Florida and are coming across as Florida is not a good place.
    2
  59540. I love the houses that you are showing, but I'm seeing that they're all sold already 😁. Do you have any in this price range that are for sale with pools?
    2
  59541. Michael, you would think some of the people living in the expensive homes you are showing would power wash their driveways.
    2
  59542. It won’t be a recession, depression or housing crisis like any of old. The pending major crash will be due to multiple inflation types: demand-pull, cost-pull, creeping, galloping and hyperinflation.
    2
  59543. Patience is so key
    2
  59544. When the scared and financially illiterate are selling, I'll be buying. The reason why the rich get richer and the poor get poorer. Fools don't understand.
    2
  59545. Too bad you can’t get houses in Fla. for 300k near the beach anymore !
    2
  59546.  @MichaelBordenaro  you should do a video about that!
    2
  59547. Michael what do you do for a living? Your not a realtor no more so is YouTube your only job?
    2
  59548. I guess I'm not going there 😕 so turned off now. Wow
    2
  59549.  @MichaelBordenaro  full coverage ?? Explain
    2
  59550. Biden administration is lying consistently. Prices of groceries are up nothing is going down.
    2
  59551. Biden administration announced that inflation is down. That groceries prices are down. I guess nobody told the chicken. Anyways this will have a huge downturn in the housing market, if interest rates do not increase to curb inflation, homes prices will not come down to the price we all want.
    2
  59552. Wildfires are legit a problem in Cali but we don’t get many significant earthquakes and I’ve never heard of tsunami here.
    2
  59553. MOVE TO A 🏠 🏚 HOUSE...!!!!! 👍 YESS
    2
  59554. Really nice open house video Michael. Pensacola looks like Annapolis MD type houses a little. Very historic district looking. These type of houses command that type of money. That is what people are after. these days. They will always go up in value in the shot term until something bad hits the market. The historic/traditional look with modern features and amenities are on big demand. nice to see what is available there. Glad you made back home safe.
    2
  59555. Stop the rain, man. You know how. (Hint: Caddy Shack movie).
    2
  59556. YOU, the taxpayer, will ultimately be on the hook when these too big to fail mortgage companies fail. That's the PLAN anyway.
    2
  59557. They are doing this in Malibu alot now. Ocean front property and 8 can buy .. it's just another time share
    2
  59558. Thank you very much for your helpful information, really is a pleasure
    2
  59559. IMF = Money Printing LOL
    2
  59560.  @MichaelBordenaro  I agree Michael and it will be interesting to see how it all plays out whether you have skin in the game or not. I've been living in Mexico and sure there's been inflation here but they can't let it get so out of kilter with what the poor people can afford in order to survive and live here.
    2
  59561. My rent increased 10 percent last year and is going up 8 percent this year. $1600 per month in Oconomowoc Wisconsin for a one bedroom with den.
    2
  59562. i have been told several time 6% is the standard and there is no negotiation from real estate agents.
    2
  59563. Also you have to learn to do a lot of maintenance on your house your self because maintenance people will rob you blind
    2
  59564. Congrats
    2
  59565. Volker in the 70's held them high and it took 10+ years
    2
  59566. It's noisy in a neighborhood that we have a home in CA; almost nonstop and it's all year long...Creative financing should return but the problem is that those 1980's laws and frank dodd prohibit many things and makes it hard for sellers to sell in a slow market. unless you want to short sell, you really have to think outside the box to get to the closing table. Rent to owns, lease options, land contracts could be alternative solutions.
    2
  59567.  @MichaelBordenaro  I am probably the only person of your 3k subscribers who would enjoy watching a video where you compare what 499k gets you in Miami Beach compared to Rockford Illinois,.....just a thought.Lol
    2
  59568.  @MichaelBordenaro  Well shame on the 2999+ subscribers who don't know (or care) that Cheap Trick is from Rockford Ill,...Btw,...you should watch their Rock and Roll HOF acceptance speech from 2016 on Youtube. It is very cool and moving and they do mention Rockford. Also,....when we watch your videos my bodacious girlfriend always asks about your accent. I tell her it is an upper midwest accent,......not quite ''Da bears'' /Ditka'',...but close.
    2
  59569. Yah Michael! We got that yesterday. People outside of FL I don’t think have a clue what a down pour is! 🤣 Great vid, I think you give great advice & I also agree with you! Been saying this myself for a year to the FOMO people I know. I do send your vids out too to people I know looking or wanting to sell. 👍
    2
  59570. People will put kids in danger on purpose to sue they don't care if a crocodile eats them.
    2
  59571. I just got done commenting on another video exactly what you were saying that firms like black rock that have trillions of dollars at hand that are swooping in to buy up the American dream to hold it hostage forcing people to rent they have been aiding in driving up the bubble knowing when it burst they will gain more from the ashes
    2
  59572. You really do have a good channel...I'll say it again if your young or willing get a job in the construction industry youll be better off then most...show up and be the best employee you can be.
    2
  59573. Look how handsome you are without the sunglasses !! Thanks for the real estate education. I hope you are my realtor someday.
    2
  59574. Michael keeps it real with real life oersonal situations
    2
  59575. My 97-year-old father died last December and I inherited his house. And when I called to get my insurance rate, they said “oh your dad he was getting a good deal” ,when it goes in your name, it’s gonna cost a lot more. I’ve never made a claim or missed an insurance payment.
    2
  59576. Florida home insurance companies are going bye bye after next hurricane.
    2
  59577. Looks like the new bubble that rocks this economy
    2
  59578. 1:20 Kids on the scooter a paid endorsement 😂
    2
  59579. At 230-40 mark sounded like a car accident in the background off to the side
    2
  59580. How much are Single Wides going for? Trailer parks used to be a bargain.
    2
  59581. Great video, Michael.😊
    2
  59582. Is that Miami Beach? I’ve been a bunch of times, but I’ve never driven around the neighborhoods.
    2
  59583. It's like zillow's make me move price, this is someone's make me rent it price (I don't care if it's vacant)
    2
  59584. There are many who benefit from a booming housing market ( banks, realtors, mortgage brokers…) all are in favor of ever more transactions because they only benefit when a transaction occurs. Thus they all ride the party until the end an never admit the party is over. Even when buyers are un/poorly qualified they don’t care because there is no downside for them. None hold the mortgages, all are sold or insured by the gov.
    2
  59585. The strolling is the best part of your videos 😄
    2
  59586. Hello Michael , the computer will say no more and more , not good if that`s your only option.
    2
  59587. Thank you for this we are looking for a change of scenery, and better pay etc I have lived here for two years in the city I am now and people are terrible, we feel like we need a change thank you for this hun i appreciate the advice
    2
  59588. Everything is so expensive but things every day things like groceries. My husband and I went walked out with two bags of groceries at Safeway. No meat no milk no booze no cigarettes just every day. Food came to $91. Unbelievable we’re just shaking our heads wondering how families do that? We’re lucky it’s just me and my husband what does a family of five do? ??? :( 😮
    2
  59589. respect!
    2
  59590. Walking and talking videos are great. Very informative content. Keep it up.
    2
  59591. nothing wrong with getting financial support from your parents if you are providing value for money, ie. offering a reasonalbe rate of return on thier investment, it's good to do this, so that you realize how deep the hole is that you have dug for yourself and that you will make appropriate life decisions as a consequence.
    2
  59592. Unfortunately people can cut back. Reduce their lifestyle. Reduce their standards of living. But the one thing they will not be able to do is make their dollars have value. The federal reserve controls the value of dollars. Not the people. That's why people around the world buy gold and silver. Governments can not print it.
    2
  59593. Unless a senior has a sufficient amount of money to claim you're on a fixed income or you're retired is not to a person's advantage
    2
  59594. How much are HOA going up? I just bought a condo and they are $364 a month already
    2
  59595. This is coming from a woman to the 35 yr old guy. You need to get a little strength. Get rid of the girlfriend. If she is really caring she wouldn't be expecting so much from you. What did she do before she met you? You can not eat out every day.....its not an option anymore for even people who make more. You also need to get rid of all the cars, especially the 1300 one. You could turn this all around with some changes and will. Its all about responsible decisions.
    2
  59596. What he's Doing guys is he Finds deals just like I did 30 years ago.. But he can't buy them all SO Call him and SEE if it will work for YOU !! Just Make sure u can handle payments IN a Down Turn Market..😁😁
    2
  59597. The only person who is going to watch out for your interests is you. If something doesn’t feel right, don’t go through with it. She should try her best to stick it out and in the long run she will come out ahead. It will be difficult in the mean time.
    2
  59598. I enjoy these walks, and the info. Thank you.
    2
  59599. My pap always said save or buy on lay away. If you get introuble you can always go back and getvthe money. With a cc your screwed
    2
  59600. People moving overseas..rent way cheap down south
    2
  59601.  @MichaelBordenaro  cool. Just lmk would love to take you kayak fishing at villano beach!!!
    2
  59602. Parents just sold their house in Sedona , its amazing how they have ruined that city in the past 5-10 years.
    2
  59603. Love your Governor Michael. I have no idea why other Governors don't act the same. Last I knew they work for the people, not the other way around🤔
    2
  59604. Glad to hear that you and your wife are ok. So tragic, they need to update and really get stringet with the building codes and requirements. This happen many years ago in Philadelphia when construction practices were nit used correctly and a large wall fell onto a occupied building next to the construction. Philadelphia ended adopting new york codes and everything is tested and looked at twice and three times if needed be. Florida should do the same for every type of construction that conducted in the state.
    2
  59605. OF COURSE YOU ARE JOKING
    2
  59606.  @MichaelBordenaro  Thank you Michael! You are always so kind. It was so great to get to meet your awesome parents and learn more about you and your family/childhood.♥️
    2
  59607.  @MichaelBordenaro  Awwww, thanks Michael!! That’s so sweet! ♥️ I really enjoy your channel! 😊 Thank you!
    2
  59608. ouch is when you reduce your $5.000,000 house by $500,000 or drop from $54,000,000 to $52,000.000 so my $600,000 house went down $60k it willl come back long before the $52,000,000 house will go up if it ever goes back up, still better in the lower price points . and seldom do we , have to pay capital gains . my place in 20 yrs is up 3 times what I paid for it still have low low low property taxes . good video
    2
  59609. Can you please share what sunglasses 😎 you wear, I’ve always admired your shades!
    2
  59610. FED raised rates today. Buckle Up!
    2
  59611. the entire economy is a scam.. people have no clue what's coming.. they never do... it goes way beyond real estate
    2
  59612.  @MichaelBordenaro  They are all great areas, but Panama City Beach is a little more of a congested party town, though Destin is popular, too!
    2
  59613. Great video, thanks Michael!
    2
  59614. $249k seems cheap. The drawbacks are lots of stairs, no parking, and high HOA. I see this condo sold in 2005 for $255k, and again in 2009 for $195k. Why are condos in SoBe staying so low for years when all other parts of the country prices have gone up considerably? These places are cheap enough for the rich to buy them just for a weekend spot.
    2
  59615. 💨 House of Cards
    2
  59616. Recession
    2
  59617. 💯💯💯👍👍👍
    2
  59618. The CDC should hire you. 🙂
    2
  59619. How long was the elevator shut down?
    2
  59620. Perfect advice, heads up Michael
    2
  59621. Wow, I still learning. Thanks
    2
  59622. First of all, Happy Birthday to your awesome channel! Second of all, thank you doing this channel. You are in my top 3 of credible info when it comes to the housing industry. Lastly, this was a great clip! Wishing many more years and all the best!
    2
  59623. Air BnB dead in our area. Switched to 6 mo lease rental and giving nice price to a hard working responsible young family. Improve your income and history and landlords can be kind. If your employer hasn't given raises let them feel your pain
    2
  59624. Incredible deals continue to be found in Florida!
    2
  59625. Nice video as always Michael... keep them rolling !
    2
  59626. 5500 a month? It should be a quarter of that.
    2
  59627. Larry bought the island of Lanai ( Dole Pineapple). He remodeled the Four Seasons at Manele Bay then the Lodge at Koele in Lanai City. They said he spend more on remodeling than what he paid for island. Standard rooms went from $400 a night to $2000
    2
  59628. 🙏
    2
  59629. On debt, get rid of it asap and live within your financial means.
    2
  59630. Austin Texas is the next San Francisco. The liberals will screw that place up too! It's funny that they are running from a super liberal state like California, only to go to Texas and Florida and screw it up again. It seems to me that these techies are not that smart. They just don't want to pay the high taxes that they created in California. They are running out of places to hide.
    2
  59631. 100% LTV FHA mortgages, no way that will cause an avalanche of foreclosures.
    2
  59632. Rents rise/fall on supply and demand. What about all those people who could pay rent, but, didn’t because they knew they would not be kicked out. Property owners were forced to sell to institutional buyers to avoid foreclosures. Love your channel. Thanks for your point of view.
    2
  59633. stop playing and just let it do what it needs to do and CRASH. in spring we received 2% raise at hospital in broward County despite double digit inflation for 2 years when account housing.
    2
  59634. With no jobs crime will skyrocket!
    2
  59635. Appreciate your videos. Thank you for sharing
    2
  59636. I never believe any of the government numbers. We all realize inflation is WAY beyond the numbers reported.
    2
  59637. People Move to Florida for the cheap housing, no state tax and All The Theme Parks and Beaches.
    2
  59638. Get out of there Michael, move to Alabama somewhere near the water👌
    2
  59639. You are the man , Jesus got crucified for telling the truth, at the end your work will put you in another level , spiritual realm and blessings. You ere saving people’s live , with wisdom, thank you ..🙏
    2
  59640. I’m a landlord in So Cal and luckily for me all my tenants paid through Covid. However, the problem I see is that the state had a rental assistance which was in theory great, except the fact that the tenant could choose to have the check sent to the landlord or to themselves. I know so many people who got the 20k+ and still didn’t pay. I don’t know why that was even an option. Also, the landlord themselves could do the application and get the rent paid so in my opinion there shouldn’t be any landlords complaining they didn’t get paid because the state was paying everyone for unpaid rent. I helped a friend do it and it was a simple process and direct deposit was made timely. Also, I know someone in LA county who was evicted by her brother from the house she lived in her entire life and that was in 2022 so evictions are happening. Anyway, it was so easy to get the rent paid so if anyone didn’t then they didn’t try.
    2
  59641. Win the lottery tonight. 😁
    2
  59642. Unless you are mega rich no one can afford that
    2
  59643. The amount of gaslighting is off the charts. Government is our enemy and that includes the media.
    2
  59644. Mike , how do you keep your stress levels down?
    2
  59645. Great video but there is one topic i would really like you to make a video about: "shut down buildings in Miami". As an foreign investor I would like you to explain what the "shud down because of violations" mark, really mean and What risks are associated to such a buy.
    2
  59646.  @MichaelBordenaro  thank you for the encouragement
    2
  59647. The sunglasses always do look cool xD
    2
  59648. Just one big party in Miami, 7X24. When will it end?
    2
  59649. No video today? Hope you're okay @Michael Bordenaro
    2
  59650. Comment .......850K for a Crack house......LOLOLOLOLOL! This is all sooooo Stupid!
    2
  59651. If you don't pay in WA, your property will be delinquent. Same as TX but they will give you a little time with penalty of 6% and 1% interest. Other things to watch for is credit cards transaction fees when you try to pay property tax with card.
    2
  59652. 😂 this economy is so fake it's not even funny, even though I'm laughing lol
    2
  59653. Excellent video. I’m looking to buy a condo. Cannot afford a single home. Do you think that even if the building has good reserves for the projected repairs/maintenance they would still increase hoa fees radically one year to another?
    2
  59654.  @MichaelBordenaro  fingers crossed! :)
    2
  59655. I paid a realtor flat fee of $499 to list the house in MLS and paid 2.5% to a buyer realtor in VA a few years ago. The closing firm took care of the paperwork for the entire transaction with all fees, not a complicated process but I do have to show the property but I saved min 2%.
    2
  59656. 1st
    2
  59657. You look great, skin looking healthy 🥵🤩🤣
    2
  59658. Common sense helps, real estate Can stay flat after the bottom for years. It will revert to the mean. I see to much fomo.
    2
  59659. You two r the only ones I watch
    2
  59660. Australia did the same as what america did, handed out cheques during the pandemic, ultra low interest rates, real estate boom, rental shortage due to a number of reasons including holiday homes airbnb etc, and finally now we are in a price decline and high inflation. saving accounts are now paying higher interest rates and paying more every month. In a nutshell its all about human behaviour, fear of missing out and now we have a fear of paying too much. Blame it on the banks and the politicians who just want to win the next election!
    2
  59661. We all know it's going to be 3 years and at least 20% of home equity paid.
    2
  59662. My favourite Duo when it comes to the Housing Market and Economy 🤌🥳
    2
  59663. Thanks!
    2
  59664. Condo terminations per the Florida statute are very tricky--coming from a S.Fla. lawyer.
    2
  59665.  @MichaelBordenaro  could be a few unit owners holding out and litigation… could take years to finally go through. But, you’re going to see more and more condo terminations in the next 5-10 years in S. Fla. especially in the aftermath of Champlain towers collapse. I’m currently working on one in Miami Beach (your neck of the woods). Pm for details if you want.
    2
  59666. Mike, Thanks for speaking the truth! Our leaders are driving us over a cliff!
    2
  59667. congress members are piling out of the market. selling everything. I smell a rat I wonder what is happening in a certain part of the world xuckerberg is digging a hole to china in hawaii apparently but stay calm
    2
  59668. Our walgreens is closing.
    2
  59669. Automakers, especially American automakers, don't even make entry level cars anymore. I was ready to get rid of my beat up old car I'd been driving for 10 years... only to find there are no entry level cars anymore. I balked. I learned, manufacturers found that there are two big categories of car buyers: people who want to spend money on their car, and people who don't (or, "people who want to spend money on their car, and people who are smart" 😂). If youre an automaker or a dealer, can make so, so much more money from the category of buyers who are willing to spend. These are people who view their car as a status symbol, people who want to treat themselves to a nice car, people who have these $1k/mo payments, and peoplen who aren't financially savvy. If you are an automaker, you may as well ignore the other category of buyer, who doesnr want to squander money on a car and is price sensitive. This is because new entry level cars are competing with the used market. Automakers decided it's just more trouble than its worth, chasing entry level buyers. So, other than a few exceptions, they dont exist in the US. I saw that cheap, Chinese EVs are making US automakers sweat, because people are buyimg these things instead kf US cars. These Chinese cars are also priced like entry level, so they're meeting the demand created by this huge gap in the market.
    2
  59670. It's a perfect storm of economic collapse. Interest rates should be over 14% as they were in 1982 when inflation was at 11.6%. Raising interest rates now regardless if they are gradual or sudden will end up with the same result (a collapse of the financial system). It was a matter of "when" not "if" a decade ago. That "when" moment in time is now. Enjoy the Decline 😎 👍.
    2
  59671. Please do Michael live at Douville!!!!!
    2
  59672. So where in Florida does not get hurricane? Planning to go there for vacation this coming July?
    2
  59673. Thanks Mich
    2
  59674. LOL!!!!!!!! I am so you!!! I get triggered by backpack blowers!!!!!!!!
    2
  59675. Michael thank you for your informed vid. I love the architecture & landscapes of your walk arounds. I am thinking of selling my historic home to capture the market once again. But not sure if I will scale down with cash or rent for a bit?????? Moved 47x--sigh!
    2
  59676. had a solid job /living in Spain then covid/ housing bubble occurred so im stuck waiting here at my parents. I have 2 jobs and been grinding an preparing my own business to be able to support myself anywhere with no boss , gf n i want to move out and we live here in miami , have more then 25% down much more but waiting for moment very soon . may go to tampa in feb or somewhere up north we actually are going to argentina in january to try it for a month to save money .feels like shit but it is what it is
    2
  59677. Yes Michael it has i am scared of sink holes but i have God so that comforts me but yes there was a story that came out about this guy that was in bed i guess sleeping and all of a sudden his bed fell through floor and went so far they didnt find him or killed him i dont think they found him wander if u ever heard that it was somewhere in Florida there Scary
    2
  59678. ​ @MichaelBordenaro do you think we will see 2018 prices after everything settles down
    2
  59679. 😍both!
    2
  59680. the thumbnail brought me here
    2
  59681. I don't listen much to the loan experts from big banks like BoA, Chase, Wells Fargo, Fannie Mae and Freddie Mac, or Moody's. They simply state "everything looks good and strong" to get you hook for a 30-yr loan. Once SHTF, they would say it's not their control, and you're the one get bad credit and bankrupt. I stay on the sideline and watch market carefully and compare the home prices with my wallet, just in case of worst scenario I still can survive and feed my family for at least 6 months. Michael, I like you walk around those parks which are so beautiful and green. You won't find many parks like that in CA, that's why it's on Fire almost every summer :)
    2
  59682. Home Insurance, Life Insurance, Federal Taxes, and Property Taxes are four things I don't play around with. I plan for them throughout the year and when they are due, I pay them. "Render unto Caesar what is Caesar's." If you don't, you'll wish you had. Example: A car ran into the front of my home this September, the day before my birthday. I was calm and cool about it, because I knew if their insurance didn't cover it, mine would. The vehicle's owner was not driving the car. His wife, who was driving with the owner as a passenger, was not covered. Their insurance denied my claim. My home insurance did cover the damage, and my home is repaired and looks absolutely beautiful. I don't like the way the birthday gift was delivered, but it turned out nice.
    2
  59683. This is heartbreaking go to O'Reilly and lose your life lack of security drones flying in the air people on roofs shooting people, hope the family sues Who's ever in charge of security that day They weren't doing their job,This family has to be compensated for the rest of their lives if this happened to a president and a president supporter this could happen to anyone anywhere
    2
  59684. I agree with that,now i just have to give 1/2 away, I did once I can do it again.
    2
  59685. Lets be honest….The Central Bank Digital Currency is all about full control, and the people needs to reject it.
    2
  59686. Thanks for keeping us informed Michael! What an unbelievable nightmare for the couple in St. Petersburg. One of the things on the list that I would add is… If you smell anything unusual, don’t buy!
    2
  59687. house across the street sold for 1,069,800
    2
  59688. You really need an agent to protect you (contingencies)........
    2
  59689. How has it been 3 years since taxpayers got their interest and payments on student loans? Biden admin is stealing from taxpayers goimg amd coming.
    2
  59690. Congratulations on 3 years! I am a new subscriber and wished I had tuned in earlier. Aw, well. I am wanting to buy a condo for my daughter in Jacksonville next (co-sign). But will wait until it is a buyer's market, maybe next year.
    2
  59691. Investors should play second fiddle to owner occupants and should pay a hefty tax for owning multiple properties. Gtfoh with your greed, people need homes to live in and people should have the right and ability to do so in the market they live and work in. BTW Americans are not allowed to purchase in many countries while those same people are allowed to buy here.
    2
  59692. Brightline Rail, the private rail service in South to Central Florida begins construction on a 186 mph Electric Train between Vegas and L.A. next year.
    2
  59693. What happened to just "Wingin it?
    2
  59694. You are so right. Facts. I believe they are using the save the earth for their political reasons meanwhile they are flying in their jets. These are not good times. We need to use common sense. Mike we love your content. Very informative.
    2
  59695. Great videoy brother. Time for sellers to wake up at least in the markets where prices are being cut
    2
  59696. Nailed it
    2
  59697. Niiiick Very cool
    2
  59698. I lived in St.Augustine in 85 when I was expecting my daughter. I was a hairstylist at Regis in the mall. My husband was manager of the 1st Dominos pizza there. I used to walk that fort nearly everyday trying to go into labor! , lol. I was looking for the Dominos , or the mall , or even our house. We had a 4 bdrm , 2 bath , w fireplace , all brown wood outside. I was trying to see any of those on this video! Lol. Happy late birthday to you and Liz! 😉
    2
  59699. Perfect on the video schedule and reasons.
    2
  59700. Thank you Michael for your valuable time . I’ll live in west LA in a small 2 bed, apart. It’s cost me $2,300/month . This video looks really amazing deal!!!🤩😍👍 to moved down there .
    2
  59701. Michael Bordenaro Michael Bordenaro right but people who watches this channel are people who are thinking to move to Florida. Isn’t what this channel is all about? If I am already living in Florida I would even need to watch this channel to know about the real estate market.
    2
  59702. re: Prop 13 tax breaks. The $4.2 million house may not have been the primary residence of the owner and, thus, Prop 13 would not apply. Many of the beach houses in Manhattan and Hermosa are 2nd homes or rental/investment homes.
    2
  59703. because that was the saying in 2007 !!!!!!
    2
  59704. Happy holidays from Phoenix, AZ
    2
  59705. Cali needs to $$ to pay for the Homeless Industrial Complex. High paid consultants and administrators up the wazoo.
    2
  59706. if you think about it housing crashed hard in 2008, but it doesnt seem to helped anything with affordability.
    2
  59707. Thanks for your boots on the ground and educating yourself regarding the word ghetto.
    2
  59708. Very good video. Thanks for the clear truthful analysis.
    2
  59709. utubers Unite 😅how about we 🛑STOP censorship in police state USA🤬that would be a start😜STAND for the 1st Amendment😎STAND for the USA Constitution☯️ 🛑STOP legalized bribery
    2
  59710. Zillow is not accurate, it lowballs the actual market price and isn't accurate on HOA fees etc... Good luck selling your home on your own with this sue happy society we live. I had a FSBO across the street from my open sitting outside in a lawn chair asking people to come to his house. Everyone that came in to my open said that was creepy. Who's going to go to a randoms house? So many issues, YES there are shit realtors, their are shitty people everywhere. That's on YOU if you haven't done your research. Makes no sense you would blindly buy from a FSBO when they disclose nothing to you.
    2
  59711. Maybe the landlords will sell!
    2
  59712. Canada government sold every ounce of GOLD to buy mortgage back securities. They created a huge bubble
    2
  59713. Great video Mike hopefully your next stop is Oceanside/Carlsbad and see how things are thanks
    2
  59714. Soon we all will have 100 million dollar homes or more!!! kids flipping burgers will all be millionaires
    2
  59715. Gen Z wants YouTube money... just like you.
    2
  59716. One more nice video , thank you M.
    2
  59717. Wow, my hubby (sole income earner) makes just under $100k/yr and we are always struggling despite living very modestly...I cannot imagine trying to survive on $66/yr (or less!) unless you live in very rural, inland CA! 😳
    2
  59718. We love that chat and walk and looking at those beautiful views we really appreciate that a lot of us can't make it out to Florida or wherever but we really enjoy these views are beautiful just love the scenery and you're absolutely right are they asking senior citizens that are losing their homes because the taxes are too high inflation is more than the cost of living just like you mentioned Businesses are going out of business and laying off like crazy It hasn't hit yet it will Next month And the people that are working they don't want to work at their jobs Everything is messed up We need to change quickly illegals are being flooded in this country every major city here is having problems what are we doing
    2
  59719.  @MichaelBordenaro  Thanks Michael
    2
  59720. HAHA, The Mc Crispy? Never heard of this but still pretty humorous
    2
  59721. Shock horror...long sleeves and no sun glasses, hardly recognise you Michael. Hope you had an awesome Christmas, we had a hot 36C ... actually cranked up the air con for the first time this summer LOL...crazy for Aus!!
    2
  59722. You got it right!
    2
  59723. Very helpful video
    2
  59724. What about the real people who truly can not afford the rent not drug people? Do you throw them under the bus!?😂
    2
  59725. Congrats and Happy Birthday! Great channel!
    2
  59726. Nice, straight talk
    2
  59727. This is exactly right. We are going stage 2 to stage 3 now in different parts of the country. Some markets will go down and correct some will just give back some of the 17 percent Gaines we have seen this year. To his point just a couple minutes in... there is still going to be a ton of equity for anyone who purchased even 2 years ago.
    2
  59728.  @MichaelBordenaro  I agree. Well said. Good balance of market and market potential sharing all the data well done.
    2
  59729. Thank you Michael 🙏
    2
  59730. Beats 12k a month rent which that area went for
    2
  59731. ☝️🧐,, right now, I would rent till the market settles into a direction. If you do find the house of your dreams "CHEAP" ,, you will be saving so much money, you can offer your landlord xxx to agree to cancel the lease
    2
  59732. Preach! Austin, TX was much the same way as Portland until Texas banned street camping at the state level. The enforcement varies city to city though, with Austin still being quite lenient from what I've personally seen. Basically blue states or overly blue cities (most major cities are blue, but I think some people fleeing are coming to places that won't accept them having too extreme ideas)
    2
  59733. Great video Mike! Thanks for the Redfin tip!! 👍🏽👍🏽
    2
  59734. Same in Australia
    2
  59735. You can build hurricane proof homes, it's just going to cost ya...
    2
  59736. When do you leave on your trip Michael?
    2
  59737. You said a mouth full -- "When it's priced right" it moves. I think there's going to be a new price scale and most owners will find out they overpaid and that owner's equivalent rent is WAY BELOW their monthly payments and will be taking losses every month for years. This economy is going way down and it hasn't even started yet. No one wants American made anything anymore and the banks are out of tricks to prop up this phony economy. The smart money has already left the country. It's not like a rebound is waiting in 2024, don't kid yourself, our economy hasn't been healthy since the 1990s.
    2
  59738. Thank you , thank you so so much Michael , for confirming to me that I have never been a homeowner and live a very comfortable life I’m 70 years old and have never been a homeowner …
    2
  59739. Hi Michael, do you think with the NAR Lawsuit will that have any affect on loan mortgage business, commercial real estate, and home prices?
    2
  59740. you should go to Malibu and walk down the the Colony Where everyone who is someone in the entertainment industry lives on the beach, just north of the pier! your viewer's will love it! NO GATE as I remember 20 yrs ago. Charlie Harper of Two and a half men lived there!
    2
  59741. Reggaeton is awful. It's the same annoying beat in every song and it's a competition of who can make the most cringe worthy hook and chorus.
    2
  59742. Culver's to open University Drive in Davie. Read article in the Miami Herald today, Michael
    2
  59743. It's going to circle back to 2020 level soon because if prices fall many people will rush to buy so inventory will get exhausted or there will be more buyers than homes available. Guess what will happen then- bidding wars and we would be back to square one - artificially raised prices. People never learn and are creatures of habit!
    2
  59744. This video is one I could relate to more than most. Thanks for the advice, as I’m looking at moving to Florida.
    2
  59745. What do think of T Bills at this time to Park $ Cash for short time. A month by month Move $ , so am not Locked in.👤
    2
  59746. HOMES PERIOD TOO INFLATED
    2
  59747. 🥇
    2
  59748. Elon Musk is NOT the founder of Tesla. Electric cars are not necessarily a bad idea, but there are many aspects that many pretend don't need to be addressed. 1) what is the true cost of ownership 2) what will we do to dispose of all the batteries and who pays for it 3) how are we going to increase electrical grid capacity and reliability to accommodate everyone in an electric car 4) if we don't pay gas tax, what will pay for roads (electric cars weigh more than typical sedans and do more wear and tear) 5) if it takes 30 minutes to charge a car we need 5 - 10 times as many charging points as gas pumps. I don't trust that infrastructure project to Elon Musk who in my opinion is a scheister and charging companies are failing.
    2
  59749. Thank you for the videos, i work from the comfort of my home so its easy to move where ever i would like :) i like St. Augustine suggestion, maybe i can start with a vacation, then rent for a year or so, at the same time i can move around the area and build my own opinion as where to buy next, i will keep you in mind as you sound very nice and knowledgeable. im still watching all of you other vids so again thank you a lot
    2
  59750. Cryptos are crashing... this is going to decimate Miami
    2
  59751. Just do an Airbnb in California or cooler places during summers . Gives you freedom and less expensive
    2
  59752. 😂. Not sure if this is a joke but my insurance is $800/yr. $330k value in Volusia County FL.
    2
  59753. where are you waking today where is this ?
    2
  59754. The universities haven’t been given a good education in about 20 years. They are indoctrinating centers
    2
  59755. Great video
    2
  59756. i sold upper Florida property in august, didn't get rich, but was able to walk away with a lateral mortgage payment for a house I had built.I think if you keep your head on straight; you will be ok. Again; credit and equity is your main attack, as a home owner/buyer.
    2
  59757.  @MichaelBordenaro  I hope you made it to Drake's Beach & Muir Woods.
    2
  59758.  @MichaelBordenaro  Baker Beach in SF is another scenic beach. Great views of the GG. Santa Cruz has a boardwalk & fun wooden roller coaster. Many beaches along Hwy 1. In winter we get 30 to 40 ft. waves.
    2
  59759. good one
    2
  59760. Actually been to Denver several times and it was snowing a lot both times. When we first moved out west we lived in Ft Morgan CO and a tiny little town called Walden CO., then we moved to Vernal Utah.
    2
  59761. the property tax there is crazy. In Holland i just pay like 500 USD a year
    2
  59762. Have ONE credit card. Put everything on it. Pay before the due date. They will leave you alone, and credit score will be high. My score is about 817.
    2
  59763. Great video, Michael! That happened to my mom in the late 80's, after my stepfather passed away. Her real estate agent told her not to take the first offer on her house, which was a good one, convincing my mom that she could get a better deal. She did not, an d ended up not being able to sell her housed for TWO YEARS after that. When she finally did, it was $20,000.00 less than my mom and stepfather had originally paid for the house. Big lesson learned for her (my mom). Also, I DO agreed with you that if you have a house that you are not married to, and want to realize the big gains, and rent until prices come down, and be able to buy something you like with your windfall, then that is a good strategy. Happy fourth!
    2
  59764. Good info... I hope you are right..thanks for sharing...also don't forget the rising cost of home ownership...taxes, insurance, upkeep and repairs, utilities, internet acess...
    2
  59765. You and Lizzie have a very bless Happy New Year ❤️❤️
    2
  59766. Increase security measures. Stores are cheap.
    2
  59767. 15:19 I personally found this to be the best part of the video
    2
  59768. There will be a housing market crash. When stock market drops another 30%, people will be selling, right and left. Be right, and sit tight.
    2
  59769.  @MichaelBordenaro  Thanks!
    2
  59770. DeSantis gets it done! He is the most effective governor I have ever seen. It blows my mind he almost lost the gubernatorial race to Andrew Gillum, who was found in a Miami hotel with an overdosed male escort and copious amounts of crystal meth.
    2
  59771. Sold my home back in March. I was definitely stressed out, sleeping poorly, irritable. I can vouch for that study.
    2
  59772. These algorithmic real estate buyers deserve to lose
    2
  59773. Excellent video … AND excellent advice!
    2
  59774. I think that you would be a hoot to go on a house showing with. You say it like it is!
    2
  59775. I was searching videos on the "tiny houses' information in Florida, and guess, what? Your 2-year-old video popped up 😉..any updates on this topic? Thanks ❤
    2
  59776. Second! Happy Saturday Michael
    2
  59777. hopefully it crashes hard and i buy in Bay Harbour islands
    2
  59778.  @MichaelBordenaro  thats why prices aren’t going down lol
    2
  59779. Awwww You're so nice!
    2
  59780.  @MichaelBordenaro  Oh anything! I used to visit it as a kid but it's been years. I heard it has become much less Spring Break crazy and more attractive to an older crowd? Any chance you'll be visiting there?
    2
  59781.  @MichaelBordenaro  Interesting...thank you so much. :-))
    2
  59782. All those houses you walked by and no 2 car garages? Tiny. Several Mercedes’ Lexus & a Tesla parked outside . If you aren’t in the top 5%, this is really scary!
    2
  59783. You know how to appreciate life. And life loved you. 😘
    2
  59784. Price gouging is going way out of hand
    2
  59785. Those government economists that provide feedback…they don’t exist. It’s all made up !!
    2
  59786. You think investors are bad if the government decides They wanna take your property over. They really offer you crap. I don't believe in home associations at all it's a few people That tell everybody what they're doing wrong. What they can't do and how much they're gonna have to pay. And if you don't they will stick a lien on your condo. There was a condo in Palm Springs that was held up in litigation. For some situation like that over years I don't even know whatever happened
    2
  59787. Good choice.
    2
  59788. They want us dependent. It's control and lies. They want us to think like children, which most do.
    2
  59789. Awesome interesting video
    2
  59790. This was a good ass conversation 1 was coming with the technicals, the other guy was tying that shit in touch with real life situations
    2
  59791. Kiyosaki is the best !!!!!!!!
    2
  59792. Hey Michael that is shady how the mortgage company let your policy lapse…in Fl there is a 90 day grace period for lenders when it’s mortgage billed. Plus they should have received a copy of the Declarations page and they can easily request this from your agent directly. Just sounds that they were looking to stick you with a forced placed inferior policy at a higher premium. 😮
    2
  59793. People need to realize that it's just not politics that spew out propaganda. We have propaganda of success following your dreams because all your dreams can come true. Only those individuals born into wealthy families will have their dreams come true
    2
  59794. Overpriced 😂
    2
  59795. You do realize you made it clear purchasing a condo is a loss..
    2
  59796.  @MichaelBordenaro  Must be a rocker who had to do the sound. Noted your Mesa Rectumfryer in earlier videos. Had duals and triples. Metal machines.
    2
  59797. Michael get out of Miami Beach 5 thousand dollars amonth for average 3 be d. Room condo. High rise....ridiculous. plus this doesn't include ac. Utility bills... in Indiana. You can buy good house or condo. For 150 thousand dollars. Winters are short compared. To Wisconsin Michigan Minnesota Minneapolis. Plus summer s last 4.5 months without unbearable heat and humidity
    2
  59798. Great video! Thanks for saying!
    2
  59799. People forget the Fed wants inflation under 2%. 3.1% is still entirely too high!
    2
  59800. Lose the Girlfriend !!!...LOL...
    2
  59801. Those figures are insane more power to you buddy. My mortgage is relatively low at 1400 no HOA bs. I just sold a second house I have that was paid off and I'm looking to make a move and possibly rent out the current house I'm in.
    2
  59802. You don't have to refinance back to 30. I refinanced twice both times to a lower rate and shorter term. Not saying these guys aren't predatory lenders.
    2
  59803. trying to find a rental in naples 3000 a month budget;any advise on finding a place?not having any luck(vrbo)feb15 to april 15
    2
  59804.  @MichaelBordenaro  thanks for your advice;seasons greetings
    2
  59805. Mate your the voice of reason... I sure do like Dirty Harry
    2
  59806. Merry Christmas Michael, love your videos. I hope you continue to blow up in 2023!
    2
  59807. It's immoral. Simple as that.
    2
  59808. My gut tells me it will rival 1929. Michael watch the food stamp roles to see how fast they grow. No more soup kitchens but food stamps roles are way up.
    2
  59809. When talking about % increase or % decrease, it should always be relative to 2019.
    2
  59810. Whoa this awesome, what a surprise seeing two awesome bros!
    2
  59811. Started saving money. Great advice.
    2
  59812. Would love to see the trailer parks.
    2
  59813. humble brag….Thank god my wife and I save 4-6k a month netting 11k monthly
    2
  59814. Sweet lady there MB.
    2
  59815. I would bet that high-rise condos are selling real cheap now.
    2
  59816.  @MichaelBordenaro  thank you, Michael. Great channel 👍😃
    2
  59817. So you’re saying “free money” from the government was a bad idea? How dare you!!
    2
  59818.  @MichaelBordenaro  You’re my best economic reality I see on YouTube! I can’t wait to see what happens next month when the first student loan comes due! 🤣
    2
  59819.  @MichaelBordenaro  Yes, good point. Due to the assessments, prop tax, and HOA, and repairs & improvements, my ROI is only 3%. I could increase the rent by $300/mo, but my tenant is excellent. I've only heard from him twice in 5 years. I'm hoping the assessments are done. And once I move into the place in about 3 years, I can claim Homestead Exemption and that'll greatly reduce the growth rate on the property tax. Nonetheless, if I did sell, I'd pocket $150K in profit!
    2
  59820. CONSTANT MEDIA CIRCUS NOISE TO DISTRACT THE MASSES FROM THE IMPENDING FINANCIAL FALL OF THE DOLLAR. 🏜😎🌴
    2
  59821. Congratulations on your trophy
    2
  59822. Which park is that?
    2
  59823. Most likely your 401k will drop another 20% from there lows of 2022.
    2
  59824. The way I see it being a good situation when you have families of 4 and 5 living in a 1 bedroom in Los Angeles paying Only $1,000 it's doable they can buy something and Still paying up to 6 $7,000 in a mortgage if they would all work a lot of the time they won't work they get lazy
    2
  59825. Great advice Mike!!
    2
  59826. hello, I was referred by a friend to get 30 dollars cash back and last time I checked I did receive the money - that was on 16 oct. 2020- but when I checked now it was all done .. it happened for that friend too, do you know what the problem is?
    2
  59827. Nailed it brother!
    2
  59828. Why would i want to pay you 2,3,4,500,000 k more than you payed maybe 6 mos. to 1 yr. Ago
    2
  59829. I have coworkers that are so naive and believe fema being broke is misinformation. Astonishing how stupid people are
    2
  59830. Sadly that is happening in Europe too.
    2
  59831. I live in Michigan which the map shows as blue. But the majority of homes here are far overvalued the last year. Wages are terrible and stagnant here and homes have gone up like crazy. 2 bd 1 bath homes in downriver areas that are 750 sq ft are rolling for close to 200k in some spots . Some of these homes have no air, outdated electrical, no garage or driveway. It’s nuts. These homes were selling for half that a year of two ago.
    2
  59832. Did the contractor who noticed the building issues move out and sell the unit (if they were the owner)?
    2
  59833. 15:56 Well, you just solved the riddle. Teaching your kids to make good financial decisions and be and be financially savvy, is far better than giving them free money or loan that they won't be able to handle on their own. They should know the difference between wants and needs, assets and liabilities, expenses and investments and so on.
    2
  59834. Florida is ground zero for SCAMMERS. They bought a house in 2020 and try to sale it for twice the price a year later. You will be an ABSOLUTE fool to buy a house w/o checking the price history.
    2
  59835. Can't they just move the mobile home
    2
  59836. The news media is about to go full, blown “soft landing” because this is an election year and people only know what they are told.
    2
  59837. Im about to explode. In europe , this would be considerd a poor lifestyle. Why is it soo cheap in florida, it makes no sense .
    2
  59838. The mortgage interest deduction is not as important now, correct? The trend has always been to buy the biggest most expensive home that your finances can tolerate, with interest costs on a mortgage just a given? I understand this rational somewhat with young couples as they expect their income to increase, and they try to justify that big purchase, but that’s a big risk when job loss is a real possibility. I’m also surprised to see people at retirement still paying a mortgage, and hence interest costs. That is insane to me. My point is that why don’t people consider a 20 year mortgage with the goal of paying it off, or building real equity? How about a 15 year? Yes they would have to buy a cheaper house, but maybe that is not such a bad thing. I’m probably not going to win this argument with the crazy price of houses, but at the very least anyone who refinances should always consider a shorter loan if they can now afford it.
    2
  59839. But yet, every company that tells you, if you leave to Florida, you’ll get a pay cut because florida cost of living is really cheap.
    2
  59840. I,m retired and want deflation on groceries…but they will never get their prices reasonable again
    2
  59841. Thank you for the great video. I’m moving from San Diego to Florida because of the high cost of living in California. I had enough!
    2
  59842. Michael..WOW...This was one of your Best Videos !!...I hope young people starting-out will view and understand your advice and perspective....Today ,on youtube , one can receive lessons in Calculus, Computer sci., chemistry, physics, etc....College is not necessary for an individual who is Motivated and Determined to get an Education !....Entrepreneur doing the Day and a Scholar at night ..(lol)...Thank you..
    2
  59843. 10 % interest rates would be better sooner 6 months ago
    2
  59844. Hi Michael. Gold and silver are also going to lose their value. We are moving towards paperless economies around the world. The new movement is trading and interchanging among countries, and gold and silver are not included. What's the new gold and silver? WATER.
    2
  59845. The Fed is mainly responsible for the housing bubble by purchasing 2.7 trillion dollars of mortgage backed securities. In the past before Powell the Fed left mortgages to banks and the private sector. Buying the mortgages put the money back in system and keeping interest rates at near zero added fuel to the fire. They said that they were going to start selling off these mortgages and stop new purchases which will slow the flow of money. They have not done anything but kill the middle class.
    2
  59846. There are income requirements now in FL that now force you to work TWO fulltime jobs to afford a 1 bedroom. Shit is headed downhill fast. Also an article came out today on Spacecost News that NASA workers and all the "free stuff" retirees will be the only ones left in the state in a few years. There will be no workers to serve them. Maybe this state needs to make sure that the number of bedrooms matches the number of jobs.
    2
  59847. This is very good information 👍
    2
  59848. It's disingenuous not to take into account real money value. That house you mentioned at the start is basically the same price it was in 2004. You can make your point while staying credible; there's no need for any of that.
    2
  59849. If the gov. is in fact subsidizing these programs, then look no further then those politicians heavily invested in mortgage banking and real estate—ALL OF THEM!!!!
    2
  59850. I'd say inflation is as of current... 18% realistically
    2
  59851. Impossible to know what will happen because so much hinges on the Fed and what they do... just like you said.
    2
  59852. Today’s video was such an interesting contrast, discussing the real financial news, yet tons of people at the mall just spending away 💸
    2
  59853. My property taxes is 10k in California and the home prices are about 4000-5000 a month right now for a cheap home, that’s cheap!
    2
  59854. Rents are not going down in South Florida the market is tight. Plus many landlords down here are scumbags so that makes it even worse.
    2
  59855. I read through quite a few of the comments but I must have missed that one! I’ll definitely check it out. Thanks for reply 👍🏼
    2
  59856. The only way remote work will continue is if companies sell the buildings and reduce structural cost...otherwise remote is over soon...ITS JUST BUSINESS FOLKS
    2
  59857. Watching this for the 2nd time. I'm about to leave Illinois and my family here, and moving to St. Augustine. Been a dream for a long time now, but im sitting here wondering if I made the right decision. But I'll never know if I don't try.... and I think I'll be happy where I'm gonna be at. Just gonna miss my mom and dad so much. Thanks to face time I can always see them
    2
  59858.  @MichaelBordenaro  Yep, for sure I love visiting there , Temperature in London now is 70F , cloudy, 48% Humidity, UV Index low and wish I was where you are right now .😁
    2
  59859. You are right about Uber drivers. They only need GPS. Here in SE coastal Florida, some are Spanish-only speakers.
    2
  59860. Thanks, it’s nice to see a transparent channel for once, and not all the fake glam life.
    2
  59861. Fed is playing with fire... Ok to tame inflation, it's already happening, but being too aggressive will take us into a really bad recession...
    2
  59862. Thank you for the video Michael. 😮📹🔥😎❤️😊
    2
  59863. I liked the Delray Beach, Florida home for $199, 000 is that still available .. probably not! but something like that would be cool!
    2
  59864. Also, my fellow Canadians, I know that you guys only have variable rate mortgages. I am very interested in seeing how it plays out up there after the recent and significant rate hikes.
    2
  59865. I'm looking forward to your road trip adventures! You'll love the California coast and beaches for sure! ☀️
    2
  59866. California is for the young and tough. Old fragile people cant make it here. It not easy.
    2
  59867. Best thing getva side hustle and make money
    2
  59868. I love your neighborhood - I stayed at the Crystal Suites on 70th & Colin last summer.
    2
  59869. When we can't take care of our own citizens then we have no business taking in more people. The only people who benefit from them are the owners of large businesses and corporations that can continue to pay low wages. It creates a larger poor class of people for them to feed on. We need to secure our boarders and force companies to pay higher wages. It will hurt the rich stock holders but will help many more to slowly crawl out of poverty... JMO
    2
  59870. The reason the "Fed" private central bank is not interested in backing up every depositor, is because they only bail out Bankster's in a general sense. This is the Globalist's "Reset" designed to destroy the lower and middle classes once and for all. They want to take all the rest of your wealth they haven't already stolen from you and enslave you. Cull 90% of mankind and enslave the rest.
    2
  59871. I love this thinking of moving to Daytona one day love this little house
    2
  59872. My brother recently paid $6000.00 for his home insurance in Palm Beach County.
    2
  59873. you can start it up let it warm up then spray orange cleaner all over it let soak for about 5 min then hose it of with a water hose with a gun on the end of it once it dries I would spray aumor all very much all over the engine you will be amazed how well it will look
    2
  59874. 8:30 thats cause its only 1/8 acre 2 small for the price tag
    2
  59875. California housing market has been a quagmire for several decades.
    2
  59876. Banks is broke now
    2
  59877. I absolutely agree with everything single thing you said!
    2
  59878. Great more inflation and handing money to people that don’t even need it. Why only the past few years? This is such a scam because they know people are about to be upside down on recent purchases
    2
  59879. No, not all. Did you watch the video?
    2
  59880. Thanks for sharing all this excellent info Michael. FYI, our realtor (in FL) is now requiring us to sign a contract stating that we will pay her buyer's agent commission, if the seller will not agree to pay it.
    2
  59881. Learned a lot. Thank you!
    2
  59882. You are right Michael I learn something every time I watch one of your videos please keep up the great work
    2
  59883. K Michael easy on the Vit D svp! So will people in FL going to get flood insurance now? 😢
    2
  59884. Heck even Oklahoma City is above 200K if you want a decent 1800-2200 sq ft home 3 bed, 2 bath, 2 car.
    2
  59885. These newly high insurance and property taxes were. The sleepers I said would catch. A lot of these homeowners off guard and pretty much due folks in.
    2
  59886. Hello Michael, it is funny you mentioned living on a boat. I live in San Diego. Guess what? People live in boats out here too. In fact most people live in their boats while in the slip or dock. Not sure exactly what you call it, but they even pay rent to be docked. I suspect the rent might be cheaper than renting an apartment. I work for the local cable company and we have coax cable connections for the boats here. That means that you can have cable tv and internet too in your boat. In fact I have even installed it in many boats. Thoughts?
    2
  59887. Manufacture a crisis, then swoop in and save the day... Hmmm where have I heard that before...
    2
  59888. California will not be in the crosshairs because of the endless moratoriums. And if layoffs happen on an epic level in California than the socialist government of California will extend stimulus and moratoriums. Remember California has a tax surplus for this very reason.
    2
  59889. urban sprawl sucks...sprawl hurts us all!
    2
  59890. Some are actually starting to apply wisdom instead of fomo or believing what media says. Wow
    2
  59891. Thanks for sharing, like that real experience part about beach visiting frequency, so real! I was struggling a little in heart about my high expectations imagination of fun I will have at beach with the real ok experience living on beach. I don't feel that much excitement staying here and I guess that's just me myself. But this video is inspiring and let me see the people who really enjoy it. Btw Hawaii beach is pretty good, some of them are great for scuba diving, fun!
    2
  59892. I love everything about this video, was nice to see you visiting your grandpa❤️
    2
  59893. Two Housing Market Gangsters that we love ;)
    2
  59894. We will have to go thru a depression before it gets better ..
    2
  59895. Michael I will be waiting to see what happens in 2023 even if I have to wait until this time next year.
    2
  59896. Sacramento is now safer than San Francisco
    2
  59897. Try squatting oh not in florida...ha ha
    2
  59898.  @MichaelBordenaro  I live about 50 due south of Chicago...in the Kankakee area. Where were u at in Illinois?
    2
  59899. put your camera in a backpack, get a bicycle, head to the boardwalk, drive up and down the boardwalk and never be stuck in traffic again :)
    2
  59900. Do you see "the villages" taking a hit like other parts of Florida?
    2
  59901. Wait for the crash, it is coming and those who wait will succeed.
    2
  59902. Good start
    2
  59903. Thanks!!!
    2
  59904. Mike, love to listen to your videos and hearing about your analysis of housing market
    2
  59905. I can't find that listing you just showed us in the video...$1725000... Is it in Miami ?
    2
  59906. Commenting on the leaf blowers... this CRAAAZY California town next to me got so sick of leaf blower noise that they are BANNED. I wish my town would do it too. I mowed 20 lawns a week in high school and never used a leaf blower. Easily 75% of leaf blowing is pointless, futile and ineffective.
    2
  59907. So what they really want is for everyone to own no home and to pay for other peoples lifestyle choices 🤔
    2
  59908. 👍👍
    2
  59909. Deflation is actually having allot less money an everything you need to pay for becomes unaffordable. People are going to be really hurting losing their jobs an they can’t afford the bills or find and land another income opportunity. I call this financial terrorism because see what the economy can do if it happens to sour.
    2
  59910. Inventory will go through the roof once the boomer generation withers away. There is no generation to replace them.
    2
  59911. Michael need more info on fraudulent lot sale how can I contact you . Just went thru a 500k disaster
    2
  59912.  @MichaelBordenaro  I like them both. Just had to appreciate them from a different perspective. You do a good job, Michael! :-)
    2
  59913. I think the Fed is gaslighting. Playing it to cute trying to engineer a soft landing. They just purchased 700+ billion of treasuries and bought 116 billion in MBS a couple of weeks ago. Hence the rally.. They really don't want housing to crash from what I see. With recent market gains, people have more money and will buy more property. Now we have 700 billion in spending on top of that. I think we are going to see even higher inflation in my opinion. Maybe they'll do something after mid terms, but their foot is on the pedal right now. One reason is 1.7 Trillion in losses to pension funds with the most recent pullback. Sorry for the bad news.
    2
  59914. Used to be cheap, we will have to go to South Dakota or New Mexico or Kansas
    2
  59915. I'm in 4500 sq ft and when I am ready to downsize, I will sell for a big chunk of money. The keeping factors are that I designed the house myself and it has a beautiful view and is built like a fortress, while having tons of light and outdoor space. My husband thinks we will end up in a townhouse near Waco... we shall see. If we did a high end rental, we still would not have to dig into principal. Buh, bye property taxes. Of course, we are older and will eventually not want to deal with yardcare, etc. But, right now we still love it amd feel very blessed.
    2
  59916. 24:23 you meant thats called dual agency right, Michael? The transaction broker is an agent who works with neither the buyer nor seller, i thought?
    2
  59917. Any specials in indpls , greenwood thank you..
    2
  59918. A reverse crash is happening at the moment, look at Venezuela stock market, I feel this is happening now.
    1
  59919. Great content Michael and beautiful light and colours with the setting sun and lights on in the high rises
    1
  59920. As far as I've seen (mostly on YouTube) people are being consolidated into too few areas in this country (Agenda 2030 maybe shoving the masses of this country into 5 over 1 stack and packs). You can see on YouTube channels like The Daily Woo and The Steel City Storm that there are too many communities and buildings just rotting to the ground and people ( which I think are stupid) are flocking here to Florida spending trillions besides the overwhelming evidence that this state WILL be completely under the ocean in 30 years if not sooner. I'm planning to move to higher ground in the future. Start saving your money now for you're going to need it. Even though I was born here I know I will have to move in the future. We desperately need to build more towns and cities in this country and to stop spending money on destructive endless wars and useless garbage. If we don't start now BRICs WILL bury the west and relegate us to the dustbin of history.
    1
  59921. Great video Mr.Bordenro. Risking your life to get the truth out there. No one else is going to let us know what is happening. 👍🌀
    1
  59922. Thanks…we need to see ALL of Miami. Nice Michael.
    1
  59923. FOLKS IF YOU HAVE A SKILL, GOUGE YOUR COMPANY FOR YOUR SERVICES!!! You want me to do __________________, sure! The price for my services has gone up 75%. I'm tired of being squeezed.
    1
  59924. Well if it is a foreign entity that owns the home you WILL be asked to sign a document called FIRPTA... as long as the property is over $300 K... so therefore it will be disclosed.
    1
  59925. How many stages there are in total? 😂
    1
  59926. You could be in Baywatch, Michael.
    1
  59927. Ok, this really isn't related to this video, but I am wondering if anyone can answer this. We've had Wells Fargo for our mortgage for the past 4-5 years. We were just notified that our mortgage will now be with Mr. Cooper. I don't even know what this Mr. Cooper is. I looked it up and it says it's not a bank and is based in Texas. (We live in Minnesota) Should I be concerned with this happening? ?
    1
  59928. Good advice
    1
  59929. Michael, huge congrats on your 250K subscribers!! I really enjoy your content, you provide so much information and value.
    1
  59930. They have been doing that up in NJ for years. Pretty messed up stuff.
    1
  59931. Very good neighborhood.
    1
  59932. Oh my gosh I felt your pain. Yikes. Sorry 😣.
    1
  59933. Next year for German businesses will be a shocker. Industries will be closing. Germany's industrial base is under threat.
    1
  59934. 1st
    1
  59935. hydrophone (Ancient Greek: ὕδωρ + φωνή, lit. 'water + sound') is a microphone designed to be used underwater for recording or listening to underwater sound.
    1
  59936. Brilliant analysis as always, great channel to follow.
    1
  59937. you should consider meeting fans in some way along the way
    1
  59938. Great video. I appreciate those viewers who shared their data.
    1
  59939. Thank you Michael 🥰 I hope the politicians are hearing and plan to do something about the renters problems,otherwise it will affect the economy at some point. And that won’t be a good thing 🤨
    1
  59940. Hi Michael 💕
    1
  59941. I'll rent for $800
    1
  59942. P.s Where you get them shades guy??? Nice.
    1
  59943. Happy birthday Mrs Bordenaro
    1
  59944. This slowing inflation narrative is such a scam! It doesn’t mean prices are going back to 2020!
    1
  59945. As usual, great advice! Especially, for expats like myself, who are considering purchasing a residential/vacation home in the U.S. I'm having second thoughts about buying in Florida. It is so much easier, less restrictive and cheaper just to purchase property in Central America! The San Francisco story, makes you wonder about where property rights are heading!
    1
  59946. YUP, we're in a recession.
    1
  59947. "The whole world ran out of houses at once!!"😱 😁
    1
  59948. Michael, I have to say, I’m a little disappointed you say real estate is in jeopardy of losses and unsustainable but you go as close to pumping the real estate values in your own market as you can without saying it openly. If rent has peaked, maybe the condo market is not as attractive. The whole economy is dropping off. Why would developers have any more luck with huge condos unaffordable for most everyone? Seems like you want the valuations to stay high in your market but you are honest about the country as a whole.
    1
  59949. The tax paying people are supporting these people. Free housing Free food, they can start a tax free business, wake-up people
    1
  59950. Wow, your unboxing made me a little emotional. Congratulations Mike🎉🎉🎉🎉🎉. Thankyou for these very informative videos.😊
    1
  59951. DB, you should do your walk n talk on beach this week so we can enjoy the Spring Break eye candy while you give us the latest news 👀✌🏻
    1
  59952. Lol I moved to Florida so it could be a vacation like living during this time coming up. Being from TN I can handle the swampa$$ humidity and heat.
    1
  59953. Another good one. I agree with you. I like your style . Can you do one On When is the Best Time to Sell,,,to be in an equity position in a home that is alway good . If the home has an appraised value of $200k over what you paid, That is great security and you maybe better off to not sell and buy a new home with no equity, position. You never want to be upside down in home. The equity is a good asset . These houses in Miami that people purchase for $300K with a offer of $1,5 m Of course you sell unless you already wealthy. What say you
    1
  59954. Black Friday gun sales were an all time high.
    1
  59955. Great job !! 😂😂 It snowed here in Canada today.
    1
  59956. I predict that the economy will get worse in 2023. I predict before quarter 2 we will see restaurants closing for good and the stock market is going to do poorly and the housing market will get worse and houses will be on the market longer .
    1
  59957. Lovely part of Florida!
    1
  59958. The hell with Florida bruh!! I'm moving to California where insurance and taxes is way cheaper!!
    1
  59959. I'm in love with art deco! I saw South Beach in the late 70's and they were considering tearing lots of the hotels down. Activists saved South Beach! There's a fascinating book by Miamian Gerald Posner called "Miami Babylon." It is MUST reading.
    1
  59960. That’s right!The house prices have been inflated by 50%! Everybody talking about the biggest drop in home prices and the housing crash it’s all complete BS it’s simple the home prices were overinflated by 50%! They need to come back down by that much to get to normal levels. There is no crash
    1
  59961. Love your beach volleyball sunglasses
    1
  59962. Do you think home prices will drop in Fort Lauderdale next year?
    1
  59963. GDP can s up because it's credit cards spending.its artificial.
    1
  59964. Looks like a great neighborhood......... you crack me up Michael. Your content is valuable, thank you. :)
    1
  59965. In CA, it is law that the seller must give buyer the HOA packet during the inspections phase. Buyer can ask to see it prior to making an offer and seller might give it to them. In WA, it is not a requirement and buyer must make their offer contingent on that.
    1
  59966. Michael b. Address GOLD...
    1
  59967. What website do you use to find the listings and stuff?
    1
  59968.  @MichaelBordenaro  Makes sense! Thanks for the reply and keep up the good work👍🏻
    1
  59969. ❤❤❤❤
    1
  59970. Inflation on steroids
    1
  59971. How about a 0 yes zero credit score? What can I buy? I have paid cash for everything. I DO NOT have a credit score. But I have a decent amount of CASH
    1
  59972. what will be trending is earth houses. buy land and build your house subterranean. if its camoflagued it soundz tight
    1
  59973. Canary in the coal mine
    1
  59974. We're being ROBBED to pay for all this ILLEGAL immigration !!!!!
    1
  59975. Thanks same thing Peter Navarro was saying Trumps financial advisor, that the Fed has no options cuz late to the party.. So it's good to know...so not shocked, when Biden came in he said stagflation, I should of bought oil but love and learn
    1
  59976. In El Paso, it's cheaper to buy a custom new build than to shop the resale market. It's a buyer's market.
    1
  59977. Great content, and as always, LOVE the scenery. I could almost smell the saltwater! 😊
    1
  59978. That’s funny! Swiss Re is a garbage company themselves! This year they most likely have a loss or very small Profit. For the 7% dividend they will have to borrow to pay for it! Swiss Re is a reinsurance company poorly run at got hit by hurricane Ivan. You could do a video on this company!
    1
  59979. guys, I literally have millions and Im just here to brag.. ok jk. I have millions equivalent in DOGE though
    1
  59980. I sneezed this morning and your insurance went up. It's the only logical conclusion. I'm not sorry, it was a good sneeze.
    1
  59981. 👍🏼
    1
  59982.  @MichaelBordenaro  Thanks for answering that question. I always wonder what some people do to keep slim like you are. I know walking helps, but diet and exercise is part of it.
    1
  59983. Notice that old house with bars on the windows. Take a drive around Miami. Hmmm? Why is there bars on all the windows? I'll tell ya why. The crime is crazy. Those people down there steal everything.
    1
  59984. Climbing prices, where…?😂 Unless home builders can put up millions of homes over the next 6 months and eat half of the going interest rate, I’ll be shocked if prices don’t go down…another wild card is job losses. The real number is definitely being suppressed, coupled with the media rosy outlook, all numbers are being falsified.
    1
  59985. your the man!!! 💪
    1
  59986. Not cracking in West Palm Beach, Jupiter area, a 3000 sq.ft. Lot has a pending sale at $162,000 in a55+ community across highway 1 not far from the beach, just went in the market today! And properties are selling quick in this area with moderately high-high prices. I'm still waiting for the slow down, not yet here!
    1
  59987. Michael take the Ferry! Don’t take your car to The City! They might break into it at the ferry parking but doubtful
    1
  59988. It there is an ugly duckling property available that cash flows, buy it.
    1
  59989. No shades look way better...
    1
  59990. Give me some BLACK SABBATH !!!!!!😁
    1
  59991. Hi Michael. I am amazed there are people criticising you you do a fantastic job of giving truthful advise. The Crash is coming throughout US. Scams are just going to get worse you mentioned Zillow they will be finished this time next year. Any more info on the PPP loans where people have Fraudulently used the money for not investing in their business?
    1
  59992. Palm Beaches Paul did a great video about homes being built on an assembly line by a company called ONX. Worth a watch.
    1
  59993. Thumbs up 662!!
    1
  59994. Greetings from Washington DC!
    1
  59995. Be smart wait until it his an all time low, buy land and hire super cheap labor to build your own !
    1
  59996. Thank you for all your hard work ! 😘
    1
  59997. i got dibs on the grasshoppers in the n.e. guys
    1
  59998. Awful about those folk who got cheated and I hate insurance companies.
    1
  59999. hey it’s my two favorite guys!!!❤❤❤keep it real keep fresh and keep it rolling baby
    1
  60000. $500k down to$150 it's time lol
    1
  60001.  @MichaelBordenaro  I know.... because you're worthy for the content you create.... love your channel.....
    1
  60002. Most real estate have full disclosure lawws
    1
  60003. already have boat money ready to for next year!! just need to learn how to buy repossessed stuff.
    1
  60004. High jobs reports are bogus , all part time and who believes the government
    1
  60005. Senior housing needs to be built so they can sell their homes ( starter) and afford apts.
    1
  60006. Im old school at 54, and i love my manual transmission. EV's don't have those 😅
    1
  60007. I like the peace pole very uplifting
    1
  60008. I think I'd like to own a home and be able to retire minus the kids .
    1
  60009. 🏡🪳 I went to an open house today and they didn't even bother cleaning up the dead cockroaches🪳. I miss the days when open houses had hors d'oeuvres and cookies 🍥
    1
  60010. Great information!
    1
  60011. NOW THE GOVERNMENT IS GIVING THE ILLEGALS FIRST TIME BUYERS LOW OR NO INTERESTS HOME LOANS PLEASE SHED SOME LIGHT ON THIS NEW TOPIC.
    1
  60012. For the algorithm.
    1
  60013. Awesome collab man. I was waiting for this ❤️
    1
  60014. Hope you both had a Gr8 time.
    1
  60015. Great video Mike!👏👏👏. I love your walking videos ❤️❤️❤️❤️
    1
  60016. California is in a constant state of trying too hard. Its never satisfied of its accomplishments. Those they elect are now in a lockstep mindset of one party rule, who are arrogant and have a superiority complex. They know what’s best. If anyone dares to question their failings. They will gaslight you to know end. That’s why it’s in a fallen state the last 15 years. Progressivism is destructive and they should never ever be elected into positions of authority. They haven’t and logic or common sense. They lead with emotions. And we all used to know that when you lead in that way. Nothing gets done and everyone suffers.
    1
  60017. comment at 6:40 about pay cash only, do not carry debt..this is counter-productive; believe it or not the credit rating companies hold it against you if you pay off your debt on the spot! The credit ratings take it that the person cannot manage a budget, so cannot responsibly carry debt, so will actually lower your credit score to no higher than 780! You have to carry some debt and pay it off by end of month to have credit score over 800-
    1
  60018. Miami is one of m top three city’s I love in the us thanks for the videos keep up the great work informing us of the going’s on
    1
  60019. To many people out there trying to cut a fat hog.
    1
  60020. Great advice in these uncertain times. Thank you
    1
  60021. Michael, Thank You for keeping it REAL 👍. It does seem that some of these “Experts “ are living in a denial bubble 🤔
    1
  60022. Star island 🏝 is for the not so well off compared to FISHER ISLAND Let's not forget you only can go to FISHER ISLAND by fairy u can't walk or drive through Sir
    1
  60023. 2008 everyone was a contractor fixing up anything and selling like GOLD.. This time IT'S DIFFRENT, GO online and do a search for a short term rental , there are tons of APPS and 3rd party platforms listing endless properties... SAME STORY, SUPPLY AND DEMAND . OVER SUPPLY and CRACKDOWN on ILLEGAL SHORT-TERM RENTALS ,,, That makes it different this time. 🍷
    1
  60024. Well, you really don’t need to put 20% down. Yes you’ll end up with PMI but that will go away. And you don’t really need to buy a house until you’re much older. I didn’t get the house until I was almost 40.
    1
  60025. The law of supply and demand can never be circumvented forever just like trees don't grow past the sky. The price goes too high you loose your customers. If your customers don't make the monthly nut, they can't rent the unit. Michael you know the housing market is continuously fluctuating and just because it's hot today doesn't mean it won't get hotter or peak and start to cool. These people are trying to correlate housing with stocks. The fallacy is that stocks can change direction in milliseconds whereas the housing market may take a year or two years to turn. I worked as an appraiser in Chicago for 15 years. When you jack around the rates, the market will either heat up or cool down within a matter of months but the refi market will shut down in a day. We have a long way to go down before there's actually blood in the streets. Right now the professionals are jumping ship as they know what is to come. The investor class has already left and all that's currently left are the middle level investors because the lower level investors and people purchasing have been priced out. The only way I've observed the market to be circumvented is by having foreign investors trying to flee their native economies for what they perceive the safety of the US . However this too shall eventually dry up. So to say there's currently blood in the streets in my opinion is just a lack of understanding how the real estate market operates. If the fed doesn't reverse course and continues to tighten by year end we might see blood in the streets.
    1
  60026. see ya in the lifeboat
    1
  60027. I moved from Columbus Ohio to West Palm Beach Florida and 2007. Would never move back. I would prefer to sell my house and live in a studio apartment for the rest of my life before I would go back to the Midwest. Is just too beautiful down here.
    1
  60028. 100% of AMerican zip codes are in a bubble....2020 to 2021 prices are off the charts in every zip.....2022 they are peaking and due to many issues ( pointed out by these guys and many others) home prices will PLUNGE due to extreme bubble increase the past 2 years.....all zip codes
    1
  60029. Stagflation
    1
  60030. Considering the massive amount of money automakers and their dealerships made during the so-called pandemic, two things come to mind: 1) These automakers and dealerships should have banked these profits in the event of a downturn in the economy; 2) The American public has absolutely no sympathy for these automakers and dealerships after the way they price-gouged U.S. consumers during the so-called pandemic with prices way above MSRP.
    1
  60031. Nice playing and nice guitar
    1
  60032. Normandy Shores? Thanks Mike for the walk thru. Looks like huge homes for Miami Beach. How is Normandy Islands? That’s where I am looking for a condo.
    1
  60033. Love the videos but your audio is going from bad to worse with each video. You're getting a lot of digital distortion/clipping. I'm not sure how you're processing your audio and video but try turning the level down while recording if you can. Then raise it when you're editing. Great info and content as always Mike! I'm in West Palm Beach, FL so you're saying what we're all thinking.
    1
  60034. I want a gulf front condo in Panama City Beach. Maybe prices will come down there in the future.
    1
  60035. zillow did not become one stop title, loan , buying. like car home delivery. not saying that would have worked. but RE agents pay for zillow, right??
    1
  60036. Maybe you could stay home someday and your wife could talk to me...us...I mean US.
    1
  60037. I am doing ok. I have been only buying the needs and not the wants. Slowly paying off my debt. Only $27k left.
    1
  60038. The EV technology is just to primitive today. Maybe in 40-50 years. At least with a hybrid you still have a gas engine to go back to🤗
    1
  60039. I look at low stock prices as cheap gas. I'd rather buy things when they are cheap and on sale than over-inflated. This is why you buy and hold for the long term.
    1
  60040. A bonus that’s a loan? ⛳️
    1
  60041. Thank you for this information
    1
  60042. Tonight’s analysis is very good, but you missed a critical point. The reason that QE is so evil is that the owners of stocks, bonds, and real estate benefit from the Fed’s market manipulation when the sell their overvalued property to someone else. The buyers of that overvalued property (a/k/a the bag holders) get killed when the Fed ends QE and begins QT.
    1
  60043.  @MichaelBordenaro  my questions is who wants to even buy these MBS’s? Isn’t that why the fed had to buy them in first place, because no one wanted them? Lol
    1
  60044. I think the longer you wait the better the deal you will get.
    1
  60045.  @MichaelBordenaro  good hopefully it’s better soon 🙏🏽
    1
  60046. Feds are forcing it down. Good for low income folks to get a house...maybe
    1
  60047. Finance industry reforms were deferred during the last debacle (Obama prioritized health insurance reform). This time if we let private equity take all the foreclosures instead of giving families a chance we must admit the whole asset bubbles system is designed to siphon money from the working class to wall street. No need to sell your plasma. Wall street is already taking it.
    1
  60048. One man recession is another man's depression
    1
  60049. My water bill in NC is $40./month
    1
  60050. I'm shocked that those mideocre and none beachfront homes you show are selling for a million plus! I live and buy luxury beachfront homes in Costa Rica and Panama, ranging from $500,000.00 to $550,000.00.
    1
  60051. Great video, really helpful! I think a good video would be Regions close to Miami you can buy/rent if you work in Miami (as Miami is crazily expensive and sometimes going some miles away you can afford something much better), I'm moving from London and here you can find amazing deals when you go like 30 minutes away from London city.
    1
  60052. Its not a good idea to buy a condo EVER!!
    1
  60053. My friend Marshall works fir Douglas Ellie.
    1
  60054.  @MichaelBordenaro  keep up the good job Michael! 👍 Thanks for using your platform for real realstate news !🤓
    1
  60055. Bring back the layaway!
    1
  60056. I just moved from Palo Alto you should check out Backayard for Jamaican Food (Get the Chicken Plater with plantains) Sam’s Chowder House on Route 1 (Half Moon Bay) get the hot lobster rolls. That’s also right by Mavericks Beach where the massive waves are. Take the trail north of the weather radar dome (those are the best views to see the waves)
    1
  60057. Yes we have a few people in a private restricted HOA that tried to do AirBB on the side and got busted, Some of these excessive rents , are they Season or Yearly , when I lived n the Ocean people would rent either for the seasonal or yearly for two different fees. For the season was more expensive per month.
    1
  60058. Mmmmm yes, construction noises complete my day. 😆
    1
  60059. I'm glad you speak the truth!!, keep it coming, thanks Michael.
    1
  60060. I am inclined to think you are correct and that the Fed not cut rates this year. I also agree that Federal deficit spending is propping up the economy and fueling inflation. But nobody wants to pay more in taxes and nobody wants to see their government services or benefits cut. There is no leadership nor political will for either.
    1
  60061. The squatters situation in NY - the bad guys here were the cops that actually arrested the home owner! These are bad corrupt tyrants. We have big cop problems in America.
    1
  60062. There is no other option but to cut by 500bps. The market will force it.
    1
  60063.  @MichaelBordenaro  I never had children by choice not just because of the expense but because you have a responsibility as well
    1
  60064. After 3 years of not paying your property tax, they will take your house and everything left on the property. You will get absolutely nothing at all. Legalized theft. It doesn't matter if the property is paid for free and clear. That's government rent for you. You will own nothing and be happy.
    1
  60065. There should be a nationwide set of basic rules to keep track of everything that affects the owners of the condos.
    1
  60066. Must have been those $1,000 bad bunny tickets lol
    1
  60067. There's usually a waiting list for section 8 housing....
    1
  60068. Thank you
    1
  60069. Thanks!
    1
  60070. I’m from Brazil. We used to travel to USA to buy stuff. Not anymore. Prices in USA are insane!!! I pay 4k rent!!! To live ina 3bed house in California. I gave up buying a house. I will not retire here. You can live like a king in Brazil with 5k usd. I will just save money here and leave.
    1
  60071. You need a home office.
    1
  60072. Now you're going to see more squatters and there a nightmare getting them out or people going in and stripping empty homes saw this in the 2008 ressession
    1
  60073. its the purchasing power of the dollar manipulated to go down...thomas jefferson said if we let bankers manipulate our currency our great grand children will wake up homeless on the continent their forefathers founded. another thing is the stupid property tax which you will have to pay. example grandfather buys house in 1965 for $18,000 dollars, ends up paying mortgae for 30 years where he pays over 100,000$ dollars. plus taxes every year on top of all that. after mortage is paid off in 1996, still has to pay between $2000-$5000 a year for property tax for that house. years down the road the 95 year old wife thats on social security barely can make ends meet every month. it gets to a point that the property tax cant be afforded anymore and the gov takes that house. if a house can be in your family for over 60-70 years and it can be taken from you because you cant pay $2300 property taxes for that year its time for a revolution. do you know what the definition of a mortgage is? mort - means death, gage -means pledge. so your mortgage actually means death pledge.
    1
  60074. Amazing video
    1
  60075. Thanks to the $34 trillion dollar debt and the BRICS nations moving away from the dollar, prices will only get WORSE from here...
    1
  60076. Depends where you live if you live in the top five states according to forbes list where people are leaving blue states to these states economy is booming right now , homes being bought up like wild fire and sold so much building and flipping going on , many are selling there second and third and sixth homes to move to those 5 states and purchasing homes and bringing there money bags with them . If you are an entrepreneur and or own a service business that money is funneling through your hands , if your young learn a trade and learn business start a small business your landscaper or electrician could possibly make more than your family doctor .
    1
  60077. Nick and Mick.
    1
  60078. I’m feeling comfortable now that I have no more debt …. I may have to continue to live outside of the U.S. which is much cheaper …. and watch the U.S. tank …. But is worth it to me …. I may not have much left in the States ….. but at least am feeling comfortable in my life now .
    1
  60079. Great video! Sounds great for those patient and saving their money like me. But I’m worried for others who bought at the peak and FOMO.
    1
  60080.  @MichaelBordenaro  you’re welcome!
    1
  60081. Don't hate the player hate the game😂
    1
  60082. Who's paying for the housing of the millions of illegal immigrants congress is bringing in at border?
    1
  60083. My buddy’s cat swallowed a piece of plastic. 3000$. He’s ok now after the initial shock of the bill wore off.
    1
  60084. Nice Nick back in the game !!
    1
  60085. those 10% who said they will return to work either A) live near by or B)are afraid to say no because they'll get fired
    1
  60086. An eviction will ruin your credit history.
    1
  60087. It's beautiful up here. Hope you two like it and stay. Very quiet though compared to Miami. Ttraffic has increased in a big way too.
    1
  60088. Hi Michael. Once again you're right on the money.
    1
  60089. You got it. I've inquired on plenty of abandoned properties and pieced together tax manipulation is the reason why they hold onto these deteriating properties.
    1
  60090. My biggest impression? Nick wasn't nearly as offensive as he is on his own channel. Must be your calming influence, Michael. 😉 As someone who lived through the 70s/80, it was a freakin mess. And I don't give Volcker too much credit. He was late to the party like Powell and company. Inflation had already started to tick down without help from Volcker. Coincidence? Maybe, maybe not. Anyway, as far as 2022, I'm fortunate to not be as affected by inflation as many many others (including my adult kids and grandkids). We have a fixed house payment with Prop 13-controlled taxes and reasonable insurance, we have no other debt whatsoever, I work from home so we don't drive much any more, and we have solar panels on our roof (covers 90+% of our electricity). So other than food, our expenses remain under control. I actually intend to increase my buying into the stock market -- dollar cost averaging of course -- to take advantage of the bargains over the next couple years.
    1
  60091. One for you; one for me. Two for you; One Two for me. Three for you; One Two Three for me. That's where it goes.
    1
  60092. I still pay more for AirB&B to get the neighborhood feel. Staying at a hotel is usually pretty boring, you can't really experience the place your visiting. I know everyone likes different things, but just sharing my point of view.
    1
  60093. The couple with millions needing a 50k loan don't need it, doesn't make sense
    1
  60094. Money was spent on war companies.
    1
  60095. how can u own a local bank account in the USA if ur a foreigner it does not make sense? u didn't explain it?
    1
  60096. Sunglasses are dope Michael!
    1
  60097. End the corrupt Fed and stop stupid governments interventions to prevent this crisis from happening.
    1
  60098. Crash, please!!!
    1
  60099. Yo, Mike, what do you think is going to happen in Florida after this hurricane?
    1
  60100. Hopefully they won't hike your medical insurance for "climate change"...
    1
  60101. What's so great about San Jose that makes it so astronomically expensive?
    1
  60102. So I am gonna go in a different direction... what about Pensacola/Destin area? I've been to them several years ago and thought they're nice. Much less populated and less busy. However still beautiful because they're a tourist area too. Cost of living is much more affordable and you still get a bit of a winter...
    1
  60103. if you talk to most real state people they believe that prices will just keep going up and up and that nothing is wrong...
    1
  60104. You can't expect business revenue to stay as high as it got from crypto. When you say club 11 made 6 million, is that what they made year over year ? I expect home prices to fall but when an unusual amount of $ is made due to certain circumstances then that is abnormal and in many cases businesses get greedy and set expectations in an unrealistic world.
    1
  60105. 7th Mike - I did it; I showed up and listened
    1
  60106. You have to admit that this is a great neighborhood you’re walking through and probably is worth every penny.
    1
  60107. The pandemic and its rolling impact continues to be felt in the market. This includes supply chain issues both domestically and internationally, rapidly shifting demand to single family homes as result of the pandemic, and labor shortages that are exacerbated by the severe reduction in immigration. Millennials are also finally entering the market, after suffering a decade of income depression that was brought on by the great recession of 2008. All of this drove demand and pushed prices sky high. It certainly can't go up forever vis-a-vis incomes. As for the homeowners in SF, the issue is more complex than a conservative talking point and I believe that the homeowners had their fine removed. The city code only recognizes a driveway being in front of a garage, not a pad that ends at occupiable space in the house. In that case, it's considered the front yard, and the city enacted that code years ago to prevent the front yard of houses in the city ending up looking like most of Hialeah where a blade of grass or a plant in front of a house is more rare. The couple had gotten away with parking on that pad for decades before they were anonymously ratted out by someone.
    1
  60108. 8:30 $1.3mill?!? It doesn't even have a driveway. smh.
    1
  60109. 3 bed 1 bath for almost a million... suckers! lol
    1
  60110. 1st 😂
    1
  60111. A lot of people from New York, Ohio, Michigan move to Florida, but not from California. I lived there for many years and I don't intend to ever go back. the more people the more crime,period.
    1
  60112. M...again...all the communists in Washington do is lie...lie...lie....recession??? Depression down the road
    1
  60113. My Lakeland apartment complex just dropped the rental price on 2/2’s like mine by $60 per month. They’ve had three un rented for six months. They raised all units up $500 per month in December. Glad to see the decrease. My lease renewal offer comes in Oct for a Dec renewal. It was going to be an increase of $350 for me. Now, it would be $290. I hope it goes down even more. These prices aren’t sustainable compared to wages.
    1
  60114.  @MichaelBordenaro  Thanks Michael!
    1
  60115. The fed wants a recession to decrease inflation and deflate bubbles caused by the ridiculously low interest rates fostered by quantative easing policies.
    1
  60116. The downside of runaway real estate inflation is the increase in insurance rates... if the home value doubles, the insurance coverage doubles... plus losses due to claims from all causes... fraud, litigation, storms, and the uninsured.... expect the rates to triple!
    1
  60117. I love culvers!!! The concrete mixers are amazing!
    1
  60118. Mr. Bordenaro, thank you for your wealth of info. Yes, we want to pay in the $200,000-250,000 range.
    1
  60119. 👍👍
    1
  60120. Look at you walking my old neighborhood by the mall.
    1
  60121. Tell lisi to post more puppy content ❤ hope you guys are killing it
    1
  60122. HOAs are the privatizationof government! A real stupid idea.
    1
  60123. I liked. Maximum hussle. Bordenaro once again proves he is unstoppable.
    1
  60124. Another Cover Up by our great government.
    1
  60125. It looks boring haha! But I really enjoy your walking tours. Your voice and approach to narrating is so peaceful. Thanks!
    1
  60126. It will be interesting to see the earnings report tomorrow. Big banks start reporting. Wow, that Mall is packed! Thanks Michael, Happy Thursday!
    1
  60127.  @MichaelBordenaro  I'm very happy with the prices of both houses.
    1
  60128. Thanks again Mike for the info like I said we are surrounded. I’m going to move to Cambodia.
    1
  60129. well what goes up must come down.....used cars went waaayy up in the past couple yrs
    1
  60130. Tell david to walk down the street in a tank top and talk about the economy on video. It should be pretty funny
    1
  60131. Good info here, but there’s an element missing. I saved $70k extra to put a down payment on a house this year. At current interest rates, I have less buying power than I did last year. I would have been better off buying a house last year with $0 down at 3% interest, then I am this year at 5% with $70k down. Housing prices have to fall a lot to get back within most people’s budgets. There is no way the pool of buyers at this rate is as large as it was last year.
    1
  60132.  @MichaelBordenaro  I wish it were that easy. While we wait for prices to come down, we are on the hook if interest rates go up further, and I think they might unless inflation unexpectedly decreases. If I owned a house now but we’re looking to move, I’d probably stay where I am because I wouldn’t want to sell my house at 3% to buy another house and take on 5%. But right now I rent, so I am throwing away money each month. If home prices drop 20% over the next 12 months, I’ll have done well by waiting. But if prices drop 10% and interest goes to 7%, I’m screwing myself by not buying ASAP.
    1
  60133. Wow! Never knew you needed 40% equity to re-fi .... Yike for those who think they can ...
    1
  60134. We love you 🎉 thanks to excellent ideas 💡
    1
  60135. Michael, thank you you very sobering comments! When I say things like you people call me socialist and same people are not finding any solutions. Back in my origin country Poland they have renters tax, you can’t write off depreciation anymore, it’s straightforward 8,5% from rent income.What do you think about this idea. And yes even from Poland people were buying up houses in Florida in 2013, one of them is famous polish singer Beata Kozidrak, As I remember she bought 2 properties back then. One solution, maybe good one maybe not is to cut the red lines for new construction. We do not have big builders like here in Poland, people are buying a piece of land getting the permits and building their own homes. I’m shocked in Florida majority what’s build is over 2000sqf. Forget about affordable housing up to 1500sqf
    1
  60136. Don't Tread on Me
    1
  60137. 👍
    1
  60138. Fantastic video.
    1
  60139. @ 6:06 you know you are in a rich part of town.
    1
  60140. Good luck finding employees that want to come into the office. You will be surprised how many people only look for remote jobs. Working in a office is a Boomer thing. Get over it. Even if employees come into work, they are still tight on money. It won't help.
    1
  60141. I see more people walking to and from work this year, compared to practically no one last year.
    1
  60142. My CA home insurance, up 300%. Merry Christmas from Farmers
    1
  60143. The ocean sounds great
    1
  60144. Sellers agent represent only the seller that is their priority not the buyer. Reason that is always best to have a buyers agent, because he represent you and not the seller. Also agents commissions are negotiable, standard may be for example 6% but it can be negotiated. Commissions is not a fixed amount, Period. I do not think this lawsuit will go anywhere, is no precedent for the judge to do so.
    1
  60145. The reason why all these companies are pushing this "buy now, pay later" scheme is because money is tight and sales are falling through the floor. All these products that people are buying are going to cost less in the near future. They don't want to be holding the bag, so you "hold the bag, pay later (with interest)". Mind you, this is not deflation. When you see food and energy prices fall, you can claim deflation. This is simply shrinking credit that was the cause of rising prices for consumer goods over the last couple of decades; especially 2020/2021 where the big helicopter drop took place.
    1
  60146. This is literally communism. Take from people that worked for their money and give it to those that defaulted or didn't want to pay their debt so everyone is equal, right? Communism- you'll have nothing and you'll be happy...
    1
  60147. Comment to comment.
    1
  60148. Better have very good credit to buy.
    1
  60149. You were on the ..... X today, Great Content !!! Thank you !!!👏🏻🇺🇸👏🏻
    1
  60150. That Cardone is horrible. God help us, nothing will be affordable. Be careful out there.
    1
  60151. The big truck buys the house, and pays for itself too. But you can get into trouble quickly by not doing your homework.
    1
  60152. I sent this video to my realtor here in Hampton Roads. I bought my house with him in 2017. I recommended him talking to you about your service for agents.
    1
  60153. Another factor the market/RE Agents, home sellers haven't taken into consideration is: Cliff High says his indicators are: Many more homes are going to become vacant b/c of all the Deaths from C & etc. He predicts there are going to be MANY such cases & this will GREATLY affect the RE Market. PLUS, I watch Kerry Tarnow's videos on PREFAB Homes & THAT's WHERE the Market is! People are fed up with GREEDY RE Agents & Sellers & REALIZE they don't NEED huge houses. Some of these NEW PREFABS look VERY Interesting & inviting to say the least! I live in College town & they've been building like CRAZY for student housing. What they fail to SEE is: The World is CHANGING & students necessity for college housing is going away. ON LINE schooling is taking over. Now this town has High Rise after High Rise & for WHAT? SOMEONE failed to do their Homework & Look REALISTICALLY Into the FUTURE. Already many are sitting empty!
    1
  60154. Excellent, The insurance company has probability ×100 on their side, your the loser. Thanks for tell us where you walk.
    1
  60155. Good video Michael. You have covered a lot of areas and given a lot of good information.
    1
  60156. BIG MIKE, WHY DO I FEEL THAT COSA NOSTRA HAS TAKEN OVER ECONOMY.........OR IS IT JUST ME
    1
  60157. Same thing is happening in my area. Sadly, people are still buying these overpriced dumps. Obviously I’m frustrated. I think you math is a bit off on that 400k home vs income.
    1
  60158.  @MichaelBordenaro no, I saying that if it doesn’t happen by a certain date will you admit you are wrong. Also, how do you expect house prices to go down when everything else is going up. That is a contradiction
    1
  60159. Looking at the feds dot plot they say GDP will be .4 this year…Atlanta fed has GDP at 3.2 for q1….to get from 3.2 to .4 means? Yup -2.8% looks like q2 is the official start of the recession
    1
  60160. Housing prices going down property taxes going up
    1
  60161. Of course the prices will never come down … they would have to take the pay raises away
    1
  60162. Thanks, Michael, for the walk about.
    1
  60163. Canada's housing has already dropped 12-15% in most markets, I can think we can all feel the sea change, and certainly we are curbing our spending knowing things are slowing. Having grown up in Kendall and my parents paying 25k in 1970, I just am beyond blown away by the prices you're showing. Lots of spec money that I think will be getting tighter very soon.
    1
  60164. Become a “diversity hire” 😅 just claim to be 🏳️‍🌈 😂 they might just take the bait
    1
  60165. Always love the tiny house and they're so cute but in California you can't park them anywhere so I never got into that even in our mountains you're not allowed to have a trailer camper or tiny house on land or really in someone's yard ect crazy lame 😜 😩 But if you go to West Virginia where my bestie lives now she put a tiny house and built it there's no permits you can have a trailer camper doesn't matter there own the land and do what you need to do very cool .
    1
  60166. Great advice Michael 😎🌴
    1
  60167. But Michael, they can just start pulling equity out with HELOCS to replace the roof, HVAC system...oh wait....they won't have any equity. Does Countryside ring a bell?
    1
  60168. I expect AI to help solve many of these problems. It will make short work of writing up offers and probably more.
    1
  60169. I don't agree with all of your views but I appreciate your perspective.
    1
  60170. They'll finally admit we're in a recession 12 seconds after Gavin Newsome is sworn in.
    1
  60171. I got a kick out of the guy driving his cheap Mercedes in the flooded parking garage. He was alone in his car and had a mask on! Ha!!!!!!!!!!!
    1
  60172. great insight. looking at things from diferent aspects. good job guys
    1
  60173. @Michael Bordenaro Is it Apple’s Way or Apple Way, you said it both ways.
    1
  60174. Just 1 domestic car on that first street.... And that was a Tesla.
    1
  60175. Videos are great. Please consider some live interactive sessions
    1
  60176.  @MichaelBordenaro  As I’m sure you know, agents who know the true area home values and agree to list a home for a seller at a way too high price are likely to end up spending a lot of time (and advertising/money) for nothing in return. But I expect some less experienced and knowledgeable agents are a bit desperate for listings at the moment. Thanks for your factual and common sense information in the videos. Love seeing the royal poinciana tree blooms in all their glory. Only in south Florida!
    1
  60177. back in 1990's a two story house went for $35,000 in Wausau Wisconsin . . . . now it might be $350,000 . . . . . inflation has been around for along time . . . . these are depression numbers.
    1
  60178. Owner of 300 N Shore Dr. wants to rip a huge profit of $1.6m also! Whoever pays that price will have over $20K in property tax annually!! Looks like the home has been thru professional interiors renovation!
    1
  60179.  @MichaelBordenaro  this seller is too late to the game. Bet he would have sold it and gotten the price he wants say 6-10 months earlier
    1
  60180. Stick to this theme u will be correct !
    1
  60181. So who will show the house to the buyers, if they don't want to pay an agent. Do they just call the owner & will the buyers have access to all the MLS info, such as the sellers phone number?
    1
  60182. There is absolutely zero chance I would ever leave San Diego for any other location. End of story.
    1
  60183. Thanks!
    1
  60184. I am doing fine. Prices are going lower too.. I hear gas in your neck of the woods its under $3 a gallon. Housing is an issue. I agree, but other things a much better than people complain about.
    1
  60185. I moved to Texas from NJ. Love the summer heat in Texas but love Florida hot weather last longer😊Thank you Michael 👻🎃
    1
  60186. Enabling the mentally ill to pitch tents in your city is not helping them. It's enabling them.
    1
  60187. Bottom line is supply and demand With everyone flooding into Florida to escape the blue state tyrants, rent is insane all over Florida, even in shady trailer parks. Like $1200 month for a 2 bd , 30 yrs old trailer in the middle of nowhere. Most can't afford this. This is creating a crisis
    1
  60188. According to the Atlanta Journal-Constitution, three companies own 19, 000 houses in the Atlanta area. They want us to be renters.
    1
  60189. I kinda agree
    1
  60190.  @MichaelBordenaro  keep your good job my friend
    1
  60191. In the last video the uploader complained that the $20 minimum wage in California was too high. Now he’s complaining that young people don’t want to work anymore and their parents should throw them in the street? What? You can’t have it both ways. Why doesn’t the uploader get a job at BK making $7.25 an hour and see how it works out? Yeah I thought not. Try to get your message straight. I like the videos but let’s get real. 😮
    1
  60192. Nice tank top bro…
    1
  60193. Thanks again, Michael!👍🙏
    1
  60194. We will be 8% to 9% on home rates by the end of the year.
    1
  60195. @MichaelBordenaro  I'm still locking people in the 7's, they just are paying discount points. Par pricing, unfortunately, has become a thing of the past.
    1
  60196. Thank you for this! Much appreciated!
    1
  60197. ❤
    1
  60198. Minnesota Sucks. I got out when I was 18. My poor mother still lives there and puts up with the taxes and other BS that state doles out to its residents.
    1
  60199. according to many financial blogs/vlogs there are between 1 to 1.5 million vacant property's in Australia , many held of the rental market due to negative gearing/interest only payments , this squeezes the the available listings and ensures high rental / purchase prices , this is gov subsidies/ socialism allowing the uberclass & corporate politicians to further enrich themselves at the middle-lower class's expense .
    1
  60200. Undesirables making bad decisions. Story of everybody's life. You can't help these commoners. They are allergic to making smart financial decisions.
    1
  60201. How could we be in a recession we just got out of the 2-3 year covid crash.
    1
  60202. Chevrolet did build a few. I haul new cars and I've delivered a couple of new pos electric Silverados. I feel sorry for the people that bought them now knowing gm paused production
    1
  60203. I hear some about the Bitcoin wealth effect in Miami. Have you or can you do a video on that aspect ?? Thanks !!
    1
  60204. I don't know. The supply is getting smaller and the demand is getting higher considering we have 100,000 immigrants coming across the border every month. They have to live somewhere.
    1
  60205. It is necessary to start making sure that US citizens be able to have a home 1st before foreign investors! It's about time other US states and the US government put a pause on foreign investor purchases. Canada has already put a ban on for 2 years.
    1
  60206. Institutional investment will lead to Feudalism where the institution will own everything....which is what caused the French Revolution. As for Comifornia...I call it San Franshitsco....LOL....it's being prepared for Chinese Colonization according to The Golden Jackass...who I love listening to. As for inflation....to actually stop it you need to do a Paul Volker...raise interest rates to 20% or higher...which will collapse everything.....or they'll just print money and hyperinflate the currency into toilet paper......got any gold or silver?
    1
  60207. I have not seen the price of homes go down but, up, up, up, in my area Oklahoma, Tulsa:hand-orange-covering-eyes:Since the pandemic.
    1
  60208. are u in florida?
    1
  60209. You are so right --- Everything Americans are being told is a LIE!!!! Imagine, not being able to trust ur leaders. That's part of the reason America is going downhill - and getting worse by the day. I'm old, and I remember when America wasn't divided - prior to 2008. Can't imagine people buying houses.townhomes/condos without seeing it in person - They need to see the condition of the property - inside and out, hire an inspector and engineer to check out the house/property - I've heard of properties sliding; they need to speak to the neighbors and see what type of area it is; get the feel of the area (drive by several times a day - and during the night for several days); see what type of buildings are close by, ie, warehouses, retail stores, commercial buildings, vacant buildings, graffiti, etc. YES - walk by as well. This is a person's most expensive purchase - and most have no idea what they're doing.
    1
  60210. I’m going down on my 401k contributions from 15% to 8%. I just feel that I need more cash with me right now just in case.
    1
  60211. What is your opinion on staging a home in this market. My neighbor prior to listing was advise to do staging .I think he spend round $25K ...Most the the home sold in my community the new buyer have remodel the interior of the homes. The community is that Tuscany Mizner Style with travertine floors and Granite counter tops Oak kitchen Crown modeling ect They were build in 2007 ...In today market do homes need to be turn key and updated. even if they well maintained
    1
  60212. Sanibel has really gone downhill since we were there back in early 2000s. We stayed at a hotel that was on the beach, there were cabanas to sit in and the beaches were clean and, of course, there were the beautiful shells that kids enjoyed collecting. We went to Captiva for the day and the bird life along the beach was beautiful. Perhaps, all the storms over the years have stripped the beaches of its beauty. Glad we have our memories.
    1
  60213. Michael, this will automatically DESTROYS the ev car argument. Not everyone has a HOUSE. Just imagine if you live in a apartment complex. Everyone will be FIGHTING for maybe 5 - 10 charging station. Second our electric grid is old as a dinosaur 😂 But hey you can’t fix politicians that do not have COMMON SENSE. As long they give them election funds. This corrupt politicians are happy campers
    1
  60214. I’m still trying to make sense of how the stock market keeps going up. The metrics just aren’t really there to justify such a strong economy with climbing unemployment and rates and inflation. I don’t get it.
    1
  60215. I'd buy an EV car for local use (less than 150 miles up & down) if a new Model Y is available for less than $25K.
    1
  60216. Great suggestion having all the previous condo owners pay up to foot the bill. I am sure the state has historical records of all owners including trusts, corporations, and wall street (no one excluded). All previous owners made all the profits after selling.
    1
  60217. They need to kick out all the low life trash people who are not paying their rent. Why should the landlord have to take the loss when his tenants are not paying rent?
    1
  60218.  @MichaelBordenaro  some are paying most are still not paying. The moratoriums in California were lifted at the end of June. That means millions of residents were not paying. This is why they had to continue the moratoriums so unpaying residents would not be evicted. However California will not allow proceedings till September than an additional three months to evict when proceedings end. I’m sure it’s also being pushed far enough in order for another covid crises to occur so the moratoriums can be reinstated. To make things worse all of Los Angeles county is in a rental moratorium. And some parts will still remain in 2023. Now if you look for accurate numbers of these homes anywhere it’s either delisted from google or erased flat out or the government corporate media will not report it. When you do find news of first hand accounts the owners are going bankrupt all over the state. We have multiple class action suits here in California from owners against the state. A few class action suits have thousands of owners on one suit alone. The ammount of homes frozen by California fiat dictatorship is probably in the millions. This is why real estate is in such short supply in California. This will all collapse like a house of cards soon. California will go bankrupt because of it. Look at the pension crisis already happening here in California.
    1
  60219. Michael, I love your videos, but sometimes you drink the doomsday Koolaid without full context. For example, you note that there were over 15% (actually 15.5%) cancellations. What you didn't mention was that one year ago, that number was 12.1%. In a booming, low interest rate market. So all things considered, is 15.5% such a big deal? Is it enough of a big deal to state that it was a record number of cancellations like that is causa for concern? And is it really a record? Did you fact check that? All I'm saying is that headlines need to be taken with a grain of salt until they are viewed in context.
    1
  60220. Some many people will ask more questions and due diligence on a used car, but not on houses. 🤪🤪🤪
    1
  60221. Happy Anniversary Michael! 5 Years…Woohoo!!!🎉
    1
  60222. I watch you to hear the truth . I think just like you, the feel good stories are bs..
    1
  60223. what's the capital gains tax on selling your home?
    1
  60224. Why do they call experts experts! They are always wrong!
    1
  60225. Looking at Joe’s proposed $8 Trillion budget for FY25, there will be huge tax increases on workers at all levels. His inflation has already been destroying the middle-class.
    1
  60226. you don't need house prices crashing for it to be a negative to the economy just the fact that homes aren't selling and refi is done that alone will devastate the economy all that liquidity going into the economy from the housing market gone
    1
  60227. Blackrock and Blackstone are still buying up inventory.....And major homebuilders are canceling projects all over the country
    1
  60228. I appreciate your research and macro-economic point of view...however we'll disagree at your shock and amazement that certain states steal your equity...I'm not shocked or amazed but consider it par for the course. I expect our governments at all levels to steal every penny they can from us regardless of right or wrong...we are simply here as an ATM's for the few who control these things. Think about the power central banks (IE Jerry Powell) have over this economy...he is a non elected head of a privately held corporation of "shareholders" that siphon a portion of every penny this country produces...he is simply operating at the orders of his shareholders, not us!
    1
  60229. AUSTRALIA - MORE RATE HIKES TO COME! They said the rate hikes would stop here, sure!!! The new zealand reserve bank is still hiking and they starting raising rates about 6 months before any other country and they cant control inflation. They are still telling us here that everything is ok, we are not like other countries, everything is good and we won't have a recession. I DON"T BELIEVE THEM, DO YOU?
    1
  60230. Portland and mostly blue cities are going first it seems. Government there let's it happen cause they are behind and support the destruction of America. It's all be design...make no mistake.
    1
  60231. You can't see a recession because all the non-working people get welfare via ebdc cards, they don't want you to see all the unemployed & homeless living on the streets.
    1
  60232. Michael you're becoming a glutton for punishment . Maybe this channel isn't worth the misery
    1
  60233. I actually enjoy the beach walk but I guess you can’t please everyone
    1
  60234. It's sunny in LA
    1
  60235. Is a 264 credit ok......been looking in the Hamptons.....really really nice.....my boot in SS May do the trick. Thanks for the info Michael.
    1
  60236. Nice touch at the end ....
    1
  60237. Bankers see that they and all their silk stocking friends are doing well --so how could there be a problem in the economy...
    1
  60238. It's rough out there for land lords. I wonder if some of them will sell their excess homes to people who actually want to buy them to live in them and invest in an engineering degree for themselves so they can invent something and contribute to the economy instead of rent seeking. Sucks that CA might destroy the rent seeking industry for them :(
    1
  60239. Senior citizens can get an annual tax exemption which reduced their taxes to a couple hundred dollars a year. It’s a poverty exemption and must be filed every year.
    1
  60240. What’s there property taxes thou? Say it’s $20k a month in taxes and it sits for 1 year. That’s $240k u paid in taxes
    1
  60241.  @MichaelBordenaro  I wish I could show you all the rental developments in the DFW, that whole "own nothing and be happy" is becoming a thing at least in some areas like you pointed out .
    1
  60242. The Mesa sounds great!
    1
  60243. Excellent comprehensive dialogue !
    1
  60244. Many Thanks Michael Public ,Educator
    1
  60245. This shit has been going rampant since “Covid”. Houses and property prices have gone goddamn insane. The people still wearing masks are paying the price to the political oligarchs.
    1
  60246. Wow, what are people paying on those 2M homes! And then there is the Ins.! There are places in the Country were property taxes are not bad, but in FL they are high... just no income tax.
    1
  60247. 0:12 if they really didn't want to hear the truth they wouldn't bother with your Channel....🤔
    1
  60248. the lesson learned of these rescue programs is why follow the rules and why pay your debts? how would you feel if you were to student who paid his her loans back ahead of schedule or even on schedule?
    1
  60249. Laid back west coast Florida sounds like a great bet
    1
  60250. Amen to that brother!🙏🏼
    1
  60251. I hope Jerome raises it this month. It’ll be a good birthday present.
    1
  60252. you are the best ..... i watch every day!
    1
  60253. February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings. Highest foreclosure rates in South Carolina, Delaware, and Florida.
    1
  60254. Low wages too much traffic too many illegals too crowded too expensive ...... too hot
    1
  60255. 100% the fed will throw helicopter money into the economy again. When? 2025
    1
  60256. Hi Mike and Lisi; enjoy this weather! Thank you fir the updates
    1
  60257. Love it there in Key West .Islamorada is where to stay in Key West .Good video
    1
  60258. Evictions on tenants but not home owners - I am a property manager in CT and I still see back log of covid evictions on tenants - but I dont think this is for home owners
    1
  60259. Michael I would think that housing market overall is going to drop by 10% or better
    1
  60260. Thank you for the "well thought out" content Michael. Excellent coverage.
    1
  60261. How about if you buy an electric bike and mount the phone on it, people would be able to see more of the areas while you talk. 🤔
    1
  60262. Going forward Florida real homes prices will continue to fall from the age demographics quagmire. Let me explain. When the amount of people moving into the state equals the amount of people moving out of the state, (although it's still a slight net positive of people moving into the state, but with the carrying costs now exploding for homes the trend could be reversing) the influx of new people were enough to absorb the homes sold due to a homeowners natural death, (old age) plus all the new homes built each year. Over the next ten years the baby boomers retiring will become a baby bust. Florida will see an annual increase of supply from people dying and selling and there will be no new group of people to absorb this increase. Maybe an influx of South Americans or from Brazil will make up the difference. Plus a recession leads to job losses and real income decline making home purchase a real challenge. Florida real estate market will change from a sellers market to a buyers market.
    1
  60263. Throw in higher energy costs and maintenance to upkeep larger properties !!!! Wow !!!
    1
  60264. The housing business is a big sham a lot of these places are not worth the money
    1
  60265. I learn so much. Thank you for the talks and walks.
    1
  60266. Kick the can down the road till you get to the Sri Lanka indicator then abandoned ship
    1
  60267. Thanks Michael, for another one of your Great videos.
    1
  60268. Unfortunately they assume that there's just a pool of buyers sitting on the sidelines unchanged deposit in hand waiting for interest rates to fall. They don't realize that a good percentage of those previously qualified buyers are falling victim to job loss and increase living cost and many of them are the repo candidates your friend is talking about. They won't be back as buyers for 7 to 10 years. The second pool which has been forgotten are those being pulled into the new home purchase market by builder incentives. Many of those might have purchased a resale home later on but now they're out of the market and they will be for quite some time. The pool of buyers sellers are waiting on is being reduced rapidly over time while they're wait and no one is letting them know of the situation.
    1
  60269. the US is making lots of bombs and missiles.
    1
  60270. Zillow to the public: Everything is fine prices will appreciate infinitely. Zillow private meeting: They bought that right? Either way tweak the zestimate algo asap.
    1
  60271. Thanks!
    1
  60272. You keep mentioning BRICS. Most of them are barely functioning economies. I don't know how South Africa or Russia factor in.
    1
  60273. Nice video quality!
    1
  60274. the video is very clear and stable. What camera are you using?
    1
  60275. thanks again! yes we sold our home at record high and will re-enter the market when cool off 😊
    1
  60276. Surprised hearing about people leaving Georgia because houses are very affordable in the Atlanta suburbs. We’re just 6 or so hours away from the closest Florida border, then again people are mostly trying to get away from State Tax, can’t blame them
    1
  60277. Listening up! 💖
    1
  60278. Michael youll be back.. You can't stay away for two weeks.
    1
  60279. People need to realize politicians are not on any of the people’s side. Every politician, especially the ones “fighting” for you, are against everyone. It’s a trick so you don’t revolt. Government is a hydra and its heads are the parties.
    1
  60280. Let's face it we need high interest rates and no new US treasuries for ten years at least to pay off some Government debt.
    1
  60281. Good. Serves them right. Greed is not a good thing.
    1
  60282. 90% of our tax dollars are given to Israel...
    1
  60283. the world is gloom and doom, you can't escape reality. Life used to be great, even during the slow times because 90% of people didnt live 3 times beyond their means. We used to be really free and semi affordable. you think shit is bad now, wait till all these bank employees that are getting laid off hit the market, 8-10% of all major financial companies employees are getting the Boot because AI is taking their jobs. its not a layoff where you are more than likely gonna be rehired, these folks aint. they are gonna need a totally new career.
    1
  60284. It is still way too early.
    1
  60285. During the 2008 downturn, foreclosures lingered on court dockets a very long time. All the owner needed to do was make a periodic payment and the court would grant continuances.
    1
  60286. 28 yrs old, my wife and I have extra spending money while maintaining an avg saving/investing rate of 30%. We live in SD however we full proofed our lives during covid incase i lost my job by moving back home etc. However no debt and networth over 160k. Now I'm more worried about losing my job because I don't think my company is solvent.
    1
  60287. @MichaelBordenaro  thank you sir, decided to get my head out my ass a few years ago. Curious what's your opinion on bitcoin?
    1
  60288. 1
    1
  60289. People may gripe about NYC. But one thing that is very hard to do is buy into a co-op or a condo without the finances being disclosed to the buyer. If your lawyer and loan officer allow you to sign a bad deal...they also have some speakers that fell off a delivery truck and a bridge to sell you.
    1
  60290. In Surprise AZ a fool came out the gate with a 50k Increase 7/1 no takers, now they did a 51k reduced but still NO Takers, let them sit on that house!
    1
  60291. retirement is a thing of the past...it's going away...forever.... at the rate we're going the money saved from all these people will be eaten up by inflation in the next 6 months
    1
  60292. What it means is that prices are dropping and few are buying because they know massive reductions coming giving buyers more to choose from then LOWBALL 5 homes , someone will take it.
    1
  60293. Keep it 100% doom and gloom.
    1
  60294. Michael, We have to give credit to the Fed ----- they lie every time!!!!! I've learned more from the guys on U-Tube because they tell the Truth. The Fed follows the narrative - how can we make Americans suffer: let's raise interest rates, prices on food, gas, goods and services, new and used vehicles!!! Let's close down all small-to-medium-sized businesses so that people are out of work or they work part time - with no benefits. We'll send checks to them so they afford to buy a few loaves of bread and some milk. And - we'll give ourselves RAISES because we can!!!!
    1
  60295. It'd be a long story, but I had a good plan that made my dream come true using home equity.😊 excellent report ⭐⭐⭐⭐⭐ informative
    1
  60296. Agreed but companies like BlackRock will come in and buy them up. Bidens campaign contributor was bailed out and will continue buying.
    1
  60297. Thanks for the content.
    1
  60298. What happens when unstoppable force meets an immovable object? Well... something got to give... ☢
    1
  60299. Yeah im gonna say thats not true because people cant afford a house still. Its propaganda to try and push back price declines.
    1
  60300. some of those states, you can pay thier taxes an if they dont pay you back + a certain percentage within a timeframe, you get the property.
    1
  60301. Hi Mike n Lisi ❤
    1
  60302. You gotta wear the sunglasses....it's part of your schtick and I like it. If it's raining....sunglasses, snowing....sunglasses, at night.....sunglasses.
    1
  60303. You are so fortunate to have such a beautiful wife! I look forward to the day when you do these videos with Michael, Jr. in your arms!
    1
  60304. Catch up! The definition of recession has been changed. Recession means wonderful.
    1
  60305. First date is just to check the Chemistry. Coffee is max
    1
  60306. Bonkers! Great video! 🌸
    1
  60307. Do you Mike. Im enjoying learning through ur vids. We Are in a very bad and tough situation in America and we Need to hear the truth. Keep up the great consistent work
    1
  60308. Excellent walk 🐈🐈🐈 / take . On your game today / thinking cap 😊.Thank You!
    1
  60309. I never considered that these insurance companies quitting the business had debt. United Property and Casuailty Insurance Company’s $550 million dollars of debt will have to be paid by the people of Florida through higher insurance costs. Add hurricane Ian, the rising value of homes in recent years, more expenses for labor and material, and the situation of affordable homeowners insurance must be becoming critical.
    1
  60310. Only 577K in Sausalito? Im surprised you or someone there hasn't already snapped this up!!!😂😂😂
    1
  60311. Great information Michael! People need to prepare. It’s going to be rough road for many.
    1
  60312. So you're saying my heavy bags in Rocket Mortgage stock might actually moon someday when rates go down and Rocket has all the market share. SWEET!!!
    1
  60313. Inflation, thank goodness it's only "transitory".............
    1
  60314. 1
    1
  60315. Expat/veteran watching from Central America. I enjoy your channel. I'm waiting on the sidelines, to buy a vacation/residential home in Naples, Florida. Fortunately, I will not need to pay property tax. The wild card, will be homeowner insurance!
    1
  60316. In my Yonkers ny my home owners insurance went up 750 in one year with no claims. It used to be 50 a year. Then my flood policy in 3 years its up 480 so I dropped it.
    1
  60317. I'm glad that your ok Michael, sure was a stupid spot for an irrigation box, and yes I did have uncontrollable laughter, sorry, 🤣👍
    1
  60318. This roof insurance scam is also prevalent in Texas
    1
  60319. In Miami 1980 i paid 12% for a mortgage and we were rationing gas at the same time.
    1
  60320. You contradicted yourself from a previous video about buying a house at a high interest rate. You previously said if the asking price is low enough, then the high rate doesn’t matter. In a recession/inflation, you can always refinance when the rates drop in a year or two. Because the difference between the one or two years of high interest rate payments are going to be much less than a significant discount on a home.
    1
  60321. Solar panels are covered under coverage A but the limit will increase along with the premiums.
    1
  60322. Great information and reporting Michael. Thanks for all your good work. 💯👍🏾
    1
  60323. I see 200 ❤ next stop 500k
    1
  60324. Thumbs up 👍🙏💞
    1
  60325. Hi Mike and Lisi❤
    1
  60326. Just more proof that wages are not keeping up with living expenses. They don't want anyone having any upward mobility and instead make everyone's existence nothing more than a subscription service. This is all planned by the rich elite.
    1
  60327.  @MichaelBordenaro  in these times liquidity is king. And better than renting maybe getting the F out of this zombie economy and looking abroad for investment
    1
  60328. The affordable housing crisis is a symptom of the "free market". I doubt it will ever be fixed in the US.
    1
  60329. Greed leads to Altruism.
    1
  60330. I make 82k a year and don't make enough for a starter home unless I want a $2000 mortgage assuming I had 10% down for the cheapest homes an hour from the city
    1
  60331. 20% would constitute a crash? If most markets go down by 20% we're looking at 2021 prices. That is when everyone and their mother was predicting and waiting for a market crash. Also, there have been YouTube videos and posts on forums since 2016 predicting of a housing market crash next year. It never happened. If housing were to drop 40% tomorrow we are still at 2019 prices, where you still saw YouTube videos one after the other predicting a housing market crash and telling you real estate was overvalued.
    1
  60332. But will ordinary health insurance cover the injury due to an accident? I am not so sure about that...
    1
  60333. Michael I disagree with you the government to stay out of pick a winner loses their is affordable housing it’s called mobile homes in tiny home which will change the housing market forever converter box of all you got these tiny homes are coming online go on a mobile home to people can buy
    1
  60334. As soon as the 15% tax kicks in, the American people will just pay higher for the good the companies make and sell to us. That includes food, gas and everything else. The only way they could have fixed this was to cut spending years ago. Way to late now, it's toast.
    1
  60335. Remember all of the “uncertain times” and “challenging times” BS? Maybe it really wasn’t so bad!
    1
  60336. I’ve been hearing that banks say their loans are better then 08 because credit scores are higher then it was 12 years ago. Given that people can literally pay to have them fixed do you think that’s a fair justification? Any who, great video. Thanks for sharing this information!
    1
  60337. Portland’s murder rate is 4x higher than it’s 20 year average. This year it’s on track to surpass that for another new record. Defunding the police is really working out for them.
    1
  60338.  @MichaelBordenaro  the stats don’t lie, there’s a massive problem in every city that pushed the defund narrative. Even if they didn’t reduce the budgets, they can’t find police to work there anymore.
    1
  60339.  @MichaelBordenaro  For sure, that's actually our plan. We're shutting down our business so I can work in law enforcement. I would never consider working for the larger agencies here and would rather work in Florida Counties that still support good and fair policing and want safe communities.
    1
  60340. First!
    1
  60341. Mike , for people to appreciate your real estate sales wisdom, they would more or less need to be on the same page, and be able to accept what they see happening, then be willing to take the hard steps necessary. Fifteen years ago - it was Dave Ramsey I was able to listen to , and benefit from his 'Baby steps" approach. That said - now that he is leaving his ( considerable) business holdings to His Kids to manage- and much has changed as well, I don't relate to his Financial services focus. so , unless you want to repeat yourself a thousand times - you might need to do general "introductory videos !
    1
  60342. Colorado Springs has A LOT of hail storms that rip apart roofs of homes.
    1
  60343. In Lubbock, many Texas Tech students rent ADUs near campus. This helps homeowners pay their mortgage or supplement their retirement income.
    1
  60344. Thats still too much for that house. 420? Really? lol....insanity.
    1
  60345. All these problems spread from the anti-development mindset that spread from environmentalists from the 1960’s. Environmental rules limit growth and drive prices up. This acts like a wealth affect making people feel richer but it’s only for them as they are effectively cutting the rungs off the home ownership ladder. People don’t feel guilty because they think they’re helping the environment with housing bans that they call “open space” or “smart growth”.
    1
  60346. stimulus given NOT to seniors, but to green cards holders who got stimulus cks 2020, 2021probably 2022. green card R pushed to front of line for housing. thsts why its yrs waiting period for low income housing.
    1
  60347. Michael, you are a really sensible consumer - in other words, the exact opposite of how we Europeans normally perceive Americans - and all you say in terms of spending habits makes perfect sense. On top of that it helps you live a healthier life. If just one of your viewers decide to change their habits because of this video, then you have done enough good for a couple of days. I would like to add a habit of my own: buy quality products that cost you 2-5 times as much as the products you usually buy and buy fewer of those products. Firstly you are likely to think more about what you are buying and so you will be spending more sensibly. Secondly you are likely to appreciate your purchase more when you have put some thought into it. Thirdly it's likely to cost you less in the long run - the saying "buying cheap stuff is expensive" is true. Fourthly the product you buy is likely produced with more care for the environment, and lastly it is less likely made in China, and more likely made in the US or a country friendly to the US.
    1
  60348. great job, thanks
    1
  60349. The house will sell for $899
    1
  60350. As long as rates stay up, the heat is on...and they CANT go down either because of inflation. 4% is nothing. Imagine the problems if rates go to 8% or higher. Catch 22.
    1
  60351. We were landlords in San Francisco twenty years ago, and it was very very difficult to remove tenants once they were ensconced. Many landlords kept units empty for long periods because of this. I would never be a landlord there again. We moved to Cleveland and had several rental units. Always did credit checks and required first, last, and deposit. We also required twelve months of post dated checks so the rent was never late.
    1
  60352. I know 2 couples who's holding off , from buying a home at this time.
    1
  60353. I like the sunglasses
    1
  60354. There are shady people in every industry to carpentry, plumping, mechanics, doctors, lawyers, contractors, ect. At the end of the day she new what the payments were going to be if she thought it was too much then she should have backed out. Saying all agents are just out for the commission is just false she needs to take accountability she is a adult.
    1
  60355. Thank you for your honesty, I agree people need to use commen sense. My salary hasn't increased to keep up with the prices of new homes so I'm waiting.
    1
  60356. Elon Musk made it clear " You will come to the office, and you can imagine being somewhere else", ha ha. Something like that. But really, does an IT worker need to be on site? I think it depends on the job title. Some people do testing and support, in which every hour of the day counts to the bottom line. More creative workers might not really get more done out of more hours.
    1
  60357. Listening to the news is just propaganda. A trip to the stores will give you a real idea of what is happening. AND I've been reading about people being stupid by DOOMSDAY SPENDING!?! What do you think?
    1
  60358. Maybe not 2019 prices. But 2020 prices for sure
    1
  60359. South Scottsdale has over a thousand AirBNB. They’re getting hammered
    1
  60360. Outstanding video. Nice corvette.
    1
  60361. Werewolf of dogman? 🤔 Great video and great fun showing yard decorations.
    1
  60362.  @MichaelBordenaro  haha, I'll vote for you when you run for office.
    1
  60363. We do love the "going for walk" discussion. 👍👍
    1
  60364. Michael what do you think of veterans using a VA home loan? Good route?
    1
  60365. Where are the alligators?
    1
  60366. new subscriber...excellent content QUESTION...i see houses with people parking on their grass lawn...doesn't that diminish value? seems very odd
    1
  60367. Goog one
    1
  60368. How long before the crash ?
    1
  60369. Inflation is an extra tax on everyone.
    1
  60370. I'm looking to buy in Stuart, Jensen Beach, or Palm City. I want a two bedroom without stairs and with sidewalks to town. No serious flood zone. I have places in mind.
    1
  60371. my single brother living alone was receiving a $200 water bill in california about 10 years ago....i pressure checked the home for leaks...none...i went to check the meter that was made in the early 1950s it was under about 6 inches of hard dirt...no way was the meter reader was able to read it....after i dug it out so it could be seen.... the bill went down to $40 dollar's...im sure the reader was just guessing
    1
  60372. The Fed cannot quit printing or it would bring the entire economy down now. You know they are not fighting inflation. They are going to float this boat as long as they can to move us in to another system. There is no possibility that this debt will ever be paid. Dollars are beginning to flood back from foreigners. They do not want to support our debt any longer. If God doesn’t destroy Babylon II first, we are going to experience a lot of pain, a war or both. It will make us accept anything they have to offer.
    1
  60373. My neighbor pays for 448 square feet studio apartment $ 1.800 a month for rent In north tampa . A middle class neighbor We are on lalala times.
    1
  60374. Michael will you signals us When it time home 🏡 hit the floor 👍🤣🤣🤣🤣🤠
    1
  60375. Since you are in Laguna, wait till traffic dies down and make the drive to La Jolla
    1
  60376. Very good playing, love it man
    1
  60377. In my area the homes are still way overpriced!(Oklahoma). My hair stylist said she is getting more and more clients and they are relocating from California, Colorado and Upper East Coast to name a few. They are paying in cash too!
    1
  60378. Just gave a thumbs up put a thumbs down , for add be for video i massed u.
    1
  60379. Another Great video Michael. I would never pay lot rent on a mobile home for your exact reasons. I also just learned that you have to pay sales tax on a mobile home when you buy one. No way Hoe Zay.
    1
  60380. Good point Michael, people are ok with the government intervention when it comes to, for example, the stimulus checks and the pandemic restrictions, which made all that economical mess, but they want the 100% free market mechanism being engaged in that situations. Don't worry and go over the people's comments, because I feel like most of them are illogical. There is an estimate that the people like you are in a vast minority, approximately just 15-20% people are conscious of things that are going on around them, the rest is just the kinetics guided by emotions, that are being manipulated by whoever have influential power (media). So, don't be irritated, just let it go and don't let it get to you. ALL THE BEST TO YOU !
    1
  60381. Ye' old buying and selling in the same market.
    1
  60382. That's pretty sneaky...demolishing just enough of it to make it so the whole thing has to be demolished. Nobody has addressed the public health implications of an implosion. The implosion is going to generate a huge toxic cloud which is comprised mainly of respirable silica, heavy metals and mould. The dust cloud has the same pH as liquid Drano. It's caustic and when inhaled damages the lung. There are over 10,000+ cases of cancer due to exposure from the WTC collapse. An EPA scientist Cate Jenkins made the connection between the cases of cancer and the respirable silica in the dust cloud. They will make a big show of cleaning up the streets immediately adjacent to the hotel but thats where the big particles land, the finer, more respirable and more dangerous particles blow much farther away and they are the killers. Plus they don't clean off the roofs of buildings in the neigborhood and that dust will blow down for weeks and weeks.
    1
  60383. $5.69 for 87 grade at Costco in Chicago.
    1
  60384. Love the yellow C8 Corvette
    1
  60385. If u don't laugh,you'll cry😢😅
    1
  60386. 🍀👍🍀🤔
    1
  60387. Hi Del, Mike has a link in the description for the sunglasses.
    1
  60388. Interesting that as a seller of three houses n Virginia, we’ve never had to fill out a form regarding home issues. Just lead and termite disclosure.
    1
  60389. 🇬🇧 love the work your doing. It’s the same here!
    1
  60390. YEARS AGO Florida insurance companies left for good YES Florida is a transient place, worse even now GOOD point on the used car market, it's crashing too because peope bought new cars with the money they should have used to pay their RENT ........... from Brasil but not IPANEMA !
    1
  60391. Enjoy the info brother
    1
  60392. Another great video, Michael! Thanks for the update on the house! The one with the lush landscaping in the front yard is my favorite!
    1
  60393. Great Video! How will land be affected?
    1
  60394. Everyone let’s rent for 6 months until prices drop or move in with parents People need to stop buying and control the urge to buy in order for these prices to drop, people are making things worse by over bidding which in turn causes more damage to inflation
    1
  60395. I live in key west and watching this video makes me thinking of key west for sure . I’m about to visit and check out Dunedin in couple of hours . As of the housing , not even close to key west prices , 450k for the house is a dream never come true for key west :) Nice video
    1
  60396. Min 4;25 Beautiful piece of advice for the blind. Thanks for posting.
    1
  60397. ⭐⭐⭐⭐⭐ excellent work. You're a nice looking young man. 😁 Glad to see your face. But ... my opinion...I wonder why you use stuff on your hair?
    1
  60398. Sound money (Article 1 Sect. 10 US Constitution) solves a lot issues.
    1
  60399. im australian, im 41, i love americans
    1
  60400. IT IS VERY EASY TO CHOKE ON REAL ESTATE TAXES WHEN THE HOUSE IS PURCHASED WITH LAUNDERED MONEY 🌈💫
    1
  60401. As of 2022, the average homeownership duration has risen to roughly to 10.5 – 13 years according to First American Data & Analytics and Redfin.
    1
  60402. Bottom line everything is a ripoff. Doesn't matter they will empty your pockets anyway they can.
    1
  60403. Local governments love higher house prices. More tax revenue for them.
    1
  60404. Wow so glad u bringing stuff like this up because WE R SUPPOSED TO KICK the current elites out. If you wanna get smart n you happen to want to watch the msm HEAR THE SCRIPT it's to wake you up.
    1
  60405. The further I think back in my life, the further my dollar went. Hell, I remember when you could actually buy something for under a dollar. Candy bars and pop were both under a dollar. You cant tell me with these prices that inflation is only 2%
    1
  60406. Martha's vineyard ... they - have more than enough of available locations, in: A, B & B's listings and House vacancy's to "house" them all. Geeze ... for a "sanctuary" location combined with their "blinding shining light of brotherly love", they [includes ALL sanctuary cities i.e., Chicago, NY, etc...] sure gave THEM the boot - or - crying "loudly" for "help" quickly because it's "draining" their "resources" ....what two-faced jerks they all are...(and they think we don't see)...BTW ... great seeing you spotlight on condos. :) Not everyone wants to live in a house. :)
    1
  60407. 12:40 there are additional scenarios. They will roll out the 40 year mortgage, then the fifty, and sixty. The ponzi must go on
    1
  60408. Keep it 💯
    1
  60409. Happy Birthday Lizzy 🎉 Fellow Taurus here, we rock 😉 😊❤
    1
  60410. Theres a huge crocodile lurking around Black Point Marina in Miami. He even has a name. 😂😂
    1
  60411. People are going to lose it all
    1
  60412. My thoughts exactly. If they don’t like the channel…..well…..change the channel!
    1
  60413. I guess when you lose your job at Opendoor your butt really DOES hit the door as you leave. 😆
    1
  60414. Hi Michael, enjoy your podcast have a question regarding renting my house in miami. Wondering if you can help ?? Cannot air B&b since city of miami cracked down
    1
  60415. That makes sense. China isn't friendly to the U.S., and there's no reason to let them grab more power.
    1
  60416. He average American can not manage money! Look at apartment complexs. All the new $50,000 cars. I make over 100k and drive used BMW. Many Americans just pi$$ money away....I see them buying lots of lotto tickets. Crazy
    1
  60417. These stimulus bills are only going to make things worse when the SHTF than they would be had they stopped continuing to spend taxpayer money like there is no tomorrow.
    1
  60418. Appreciate your honesty.
    1
  60419. Miami is just completely out of touch.
    1
  60420. You are the best and smart guys I always watched nice to see you together
    1
  60421. Love your videos, full of facts and common sense... how refreshing! Happy Birthday to your beautiful wife!
    1
  60422. Thank you Darla!🥰🎉🎈♥
    1
  60423. If you can't pay the rent and HAVEN'T paid the rent, you should be evicted. "We're kicking them out from their homes". Uhh, no? It's NOT YOUR HOME, that would be the entire point of how you're getting evicted. People love saying "this is my home" when they dont FUCKING OWN IT. Stop. So what exactly is the problem here
    1
  60424. 🎉🎉🎉 You will own Nothing And be happy 😢😢😢 Stop this World 🌎 I would like a brake and come back in a couple years. I’m so glad that I’m not beginning my life right now because nothing makes sense. Thank you Michael Blessings,Carlos ✝️🙏❤️😊🇺🇸
    1
  60425. License plate idea is not good for us, but I am sure it gives the government more power over tracking you. I know states like NY have the plate or registration allow police to know when you are near
    1
  60426. BTW, be careful when believing increased jobs’ report. Those are government jobs and not private sector and others are part time.
    1
  60427. Michael can you address, in depth: Short selling I am told, correct I don't know, most banks will not easily do a short sale on anything except owner occupied - otherwise it is considered a business and you are sol How the average foreclosure process works About buying foreclosures and short sales. Thanks
    1
  60428. so what's up with the cop car in the driveway?
    1
  60429. I'm looking to buy a house, but I can't afford one. I rarely go out. The most I spend is 100 to go out to eat once a month
    1
  60430. I thought they forgave loans?
    1
  60431. Used to be called 'buying on time'
    1
  60432. Under contract on our condo in ST Pete making a nice profit, now renting in Anna Maria. I refuse to pay these prices. I’ll wait.
    1
  60433. I believe investors are cash flowing tge whole purchase price and rates wont matter. If anything when the market corrects, a direct reaction to higher rates and lesser mortgage applications, investors will scoop up more homes and bank on more renters in the maket than buyers. Just my 2 cents. Great vid!!
    1
  60434. Banks will get filthy rich after most Americans are under a 5,6,7% interest rate on a 30 year fixed. They will keep 70% of your monthly payment and you will never see your principal go down.
    1
  60435. good info Micheal ,iam from cal. the only things i havnt' lived in in my life is an airplane and a refrigerator , ive done what i have had to do. loved living in my sailboat for 13 years, Anyway 20 years ago i bought property in the Caribbean, completed my ocean front of grid home 6 years ago, iam not wealthy but very creative, retired last year, have no property tax, no home insurance( concrete home) no utility bills,do my own maintenance .live on 900 a month and manage to save a couple hundred dollars a month. I did plan years ago ,i saw how the living cost were out of control 20 years ago.not easy adapting to different culture and language, but its worth the work.take care
    1
  60436. Watch out for cotton mouth and coral snakes
    1
  60437. always interesting to hear from u.
    1
  60438. Michael seeing you walking around Miami Beach and surrounding areas areas reminds me when I used to go down to Miami Beach in the 80's nothing like what it is right now!!!
    1
  60439. Thank goodness, I was waiting for your next video. Keep feeding our minds with the truth. ❤
    1
  60440. My three favorite channels are Michael Bordenaro, The Young Turks and Secular Talk. They make my day. 🔥🔥🔥
    1
  60441. In Los Angeles new home builders list the models, for example in one community 6 models, but they have 80 of the houses available and they are not selling.
    1
  60442. We should not even provide health care to illegals. I had a buddy that went to Mexico on vacation where he experienced a diabetic coma. He was driven to the hospital and they would not treat him until his wife provided a credit card. Also, let's get rid of the anchor baby law.
    1
  60443. Positivity. 🤣🤣🤣🤣
    1
  60444. They are going to be charging for oxygen next. Smh! The number of repossessions and credit card debt will continue to soar even more. Lots of folks here in the sf bayarea California are driving Maseratis, muscle cars, Benz’s, BMW, Audi, Range Rover, Escalade and Teslas. The repo-man and his tow trucks are constantly out collecting vehicles everyday all over the Bay Area. Smh Those $600-$1,500 per month car payments aren’t sustainable long term. Attending a Lennar first time homebuyer class this week. New homes being built in the east bay part of the sfbayarea in Tracy starting at $628k and in Newark and Fremont starting at $1.25 million. Ugh.
    1
  60445. Home prices are too high. Interest rates are too high. Incomes aren't high enough to sustain these prices. That doesn't even account for massive job losses over the next year. Anyone buying now will get burnt.
    1
  60446. Our water heater, stove, dryer and central heater is powered by gas. It wasn't a problem until the climate change people said it was.
    1
  60447. Insurance, u really don't use it much, to save money raise the deductible sky high
    1
  60448. Another excellent video!
    1
  60449. Video idea. What is your price prediction knowing the 2025 HOA reserve regulation is coming fast? Will sellers be able to recover the HOA special assessments? What will happen to prices with rising HOA fees due to reserve compliance and high/rising interest rates?
    1
  60450. Tô our host, time to return to Florida. Ambient temps have dropped. Of course, it still is our rainy season.
    1
  60451. How many miles did you walk in those 4 years?
    1
  60452. You ARE your Persona. You are NOT "you!" So Of Course you cannot remove your Sunglasses. You need a manager. really. put the glasses back on NOW.
    1
  60453. Very interesting about FDIC changing the rules.
    1
  60454. Michael, I've been listening to you for well over a year and agree with most things you say and discuss... so from my point of view, please keep it real, do not compromise with the ney sayers. Take care and I really appreciate what you say.
    1
  60455. Divine connection wisdom God is using him for such a time like today
    1
  60456. Thank you for the video Michael. What a beautiful day. Enjoy sir. 🙏🏿🔥🙂
    1
  60457. as always great video
    1
  60458. 15:33 I am in that position after finishing arhitecture (B.Arch+M.Arch, 6years package deal). While having plenty of job offerings, the pay is MCDonald's +- 10%. context: Romania. People my age earn: doctors in residency (2-3x), mechanical engineers (2-3x), software engineers (3-4x), restaurant waiters (1-1,5x + tips) Architecture is an absolute shitshow! To anyone wanting to go into arch, I strongly recommend you not to. After talks with people all around the world, the money is trash to say the least. I've just quit the field, after wasting 10 years of my life. If you really want to do it, first search practices around you and ask YOUNG people around the office how is it actually like.
    1
  60459. I’m setting on lots of land in Ohio At 5 percent tax rate of Florida….. my 1 k of acres. Only cost 5 k a year for land tax !! You all in Florida are crazy!
    1
  60460. Great information video.
    1
  60461. Òtimo vídeo eu amo o canal!
    1
  60462. The government has to sell 10 billion dollars a day in bonds to finance the deficit. Interest rates have to go up to sell into the market to attract buyers of the bonds.
    1
  60463. I have told friends that they cant afford to buy a house because they dont make enough or bad credit. They said I'm wrong. They tried to quantify for a loan. No go.
    1
  60464. It’s kind of sad actually people aren’t even having kids because they can’t even afford there own life
    1
  60465. The actual inflation is more than 20%. Almost everything is up 40% plus in the past 4 years.
    1
  60466. Excellent advice. And by the way, very entertaining rock guitar!
    1
  60467. I know neighbors that took out a heloc to take a few vacations , and they used it to buy nonsense stupid stuff nobody needs, I have no sympathy for any of these ppl, all these ppl around me in Tampa area are stupid , they r spending money like it's burning a whole in there wallet . I'm going to have the last laugh when these ppl lose there house. Common sense folks and learn how to tighten up and learn some self control
    1
  60468. This recession is going to be different in that there won’t be any stimulus coming from the Federal government but don’t count out the states like California which is coming out with its own stimulus package to deal with inflation by pumping in more stimulus. It’s kind of like putting out a fire with gasoline.
    1
  60469. Some of the information in the first article (Fort Lauderdale Sun Sentinel 7/21/22) you linked to is a bit alarming. A leading realtor with Douglas Elliman realty in Boca Raton said, “What I see is that these new pandemic highs (in home prices), I see them holding steady and almost becoming the new normal. I don’t see our market returning to that pre-pandemic level (of lower home prices).” The article also said the “median sale prices in the tri-county area are still rising. In Palm Beach County, the median sale price (in June 2022) rose 24% from a year ago to $620,000. For Broward County, the median sale price shot up 18% to $590,000. It was similar in Miami-Dade County, where the median sale price was 15% higher than last year at $579,000.” Even though listings and price reductions were up in June, year-over-year prices were up fairly significantly. Of course, this is just south Florida, but prices in this area, at least in June, continued to rise. A better market for buyers will begin only when year-over-year prices start moving down fairly quickly, especially with mortgage rates more than doubling since January.
    1
  60470. Excellent details , great job !
    1
  60471. Michael..how is it that you dont sweat?? In that heat I sweat just going to the mailbox lol
    1
  60472. Thank you 🙏🏻
    1
  60473. In Los Angeles you would have to go back 5 years
    1
  60474. Always fantastic reporting, Michael! Good refresher course on how to decide of it’s better to rent or buy! I hope Portland will turn a corner! Beautiful city!
    1
  60475. My wife and I stop dining out. We order take out on the way home. No tip no delivery fee.
    1
  60476. Lol 😊
    1
  60477. Your videos touch on so many critical problems with sky high rents and mortgages that I believe realistically we are in a social humanitarian crisis. I believe employers and employees are all saying the root cause to wage and salary inflation is connected to the cost of housing has to to face a a long drawn out correction to the downside. Low wages and salaries means fewer people able to rent and take on home ownership. Job vacancies should be higher because people can’t afford to work for less money with todays inflation problems.
    1
  60478. For these high prices is probably why tesla took advantage of their tiny house going for 50k or so.
    1
  60479. Cheap lunch in the Kmart cafeteria. Grilled cheese tater tots.ham n cheese. 2.50 back n the day
    1
  60480. Great info! Think I'll just stay in Costa Rica. Everything is so much cheaper!
    1
  60481. I would wear the glasses. The glasses are cool. People don’t like to listen to the truth Michael so just keep giving us the truth no matter what.
    1
  60482. Hey Michael. They just evacuated a Condo in Jensen Beach, Florida here...Failed inspection.deemed unsafe.
    1
  60483. This tenant law is criminal. It's like persons without parenting skills allowed to raise children. It turns out horribly with terrible dysfunctional brats!
    1
  60484. I noticed a lot of vehicles parking on the grass parkways, are people not allowed to park on the street and can they just park on any grass parkway
    1
  60485. What neighborhood are you walking through?
    1
  60486. Hey bro! Thanks for all that you do. What are u using for the gray hair. It looks good. Thanks
    1
  60487. I love it that you took us to this beautiful, peaceful, intimate little park today, Michael! I was thinking that right before you said that you didn't really want to go to this one. It is so peaceful! Love the low water shot, too!
    1
  60488. Your closing comments, that future APPRECIATION at these hyper elevated (but locked in) price points is "history" ... in other words, will be the United States of the Midwest LOL Where housing is a place to live; not an asset with potential to make the owner wealthy. Right?
    1
  60489. I saw that same Senior Nest video clip from PBS. I would not want to live with a stranger. I would prefer a friend or partner. The lady that rents one of the rooms to college students, she was so nice.
    1
  60490. Citizens is desperate to get policies move to other insurers - a major hurricane wii force them to assess every other policy holder in the state (as Michael says). I believe this includes car insurance policies, that will be bad politics.
    1
  60491. Thank you Michael 😊
    1
  60492. We get hit with property tax in Nov every year in Florida
    1
  60493. Finally someone cares enough to actually make a rule against china buying up our land.
    1
  60494. 7 hundred thousand sounds good 😂😂😂
    1
  60495. Wow 6300.
    1
  60496. One of the best doing it right now 👏
    1
  60497. Eye protection is important
    1
  60498. Totally agree with the unauthorized data collection. Needs to be limits on it our give u the chance to collect money for it. I actually got one of those transponders for my car. We had three cars, the discounts were 5%, 10%, and 20%. U can guess which discount my teenage son got. That’s different, we agreed to it.
    1
  60499. Dude I've lived in Miami Beach for the last 12 years. We have very very few foreclosures down here in South Florida. We had so little foreclosures last year that a 183 percent increase is nothing. I understand you want to get views on your videos but please don't mislead the viewers making it sound like there are good foreclosure opportunities down here. The market is insanely overpriced down here and the demand for housing is extremely high. And this is not to say that your video was all bad bc you had some good points and facts about inflation.
    1
  60500. The "War Machine" is ramping up. Great if you're hooked into Raytheon, Lockheed, General Dynamics. Not great for the rest of us.
    1
  60501. Enjoyed the video, Michael. I've already seen some discounts in my area but it is summer so that could have something to do with it. There have also been quite a few price drops because they were initially listed really high like people were doing back in January.
    1
  60502. The Fed could care less about inflation, they are creating it! Their inflation target of 2%, is a covert tax to reduce your spending power. Their agenda is to be the lender and buyer of last resort. If you think it is bad now, wait until the Fed rolls out it's Central Bank Digital Currency, with the help of your politicians! Then, kiss your freedoms goodbye, and welcome the Chinese Social Scoring System.
    1
  60503. Cool. My child remembers the hardships and the creativity to get through it all. I will be writing a memoir about the good times which are not expensive vacations. I wrote about the good times in my book, Legacy of the Gold. It is priceless to have the poorer times more remembered with fun and cooperation.
    1
  60504. Good stuff, again.
    1
  60505. 10% of your portfolio in gold and silver. Nothing wrong with that.
    1
  60506. Yes accurate analysis.
    1
  60507. 10:50 our dollar is backed by petrol , when that fails simply cause our 100 year contract with the Saudis is about to expire , USA will have to either go to war or return to a gold backed dollar . MARK MY TYPING
    1
  60508. I make a decent income; I still feel squeezed a lot since last year. Everything is up by a minimum of 30%. I gave $399 just to fix a fallen shingle in the roof. Very less savings and if I take a vacation with family all savings will be gone!
    1
  60509. Always get hoa minutes and financials and talk to residents, board member if possible. Ask for utility bills and shop insurance and of course recompute property taxes. Good buyers agent should assist buyer in gathering info if they are worth a toot
    1
  60510. The eviction ban made no sense anyone who lost work got more than were making from the government but that wasn't enough they were also told you don't have to pay your bills that was a big mistake and we are living with the consequences now.
    1
  60511. These economists that make these predictions are either outright lying for a political agenda or just sniffing each others farts. Why is it so hard to have people on the ground interviewing normal, everyday people, and getting the story straight? I know our media is no longer interested in doing their job, but our government agencies? What the hell do they actually do there? You know, I don't expect the wizards of smart to get it right all the time, I understand, things happen. But to be this clueless? How else can you explain this?
    1
  60512. 😎 🐊 ☀️
    1
  60513. How is the median sales price only 500k if almost every house you show is 1 million or higher? Where are all the 500k and under homes?
    1
  60514. Love the beautiful, natural you guys are enjoying in this video. Glad you finally got to see and show us a gator!
    1
  60515. Years ago you needed a realtor as all the homes were listed in a MLS book. Now with the internet buyers can find the homes without a realtor. Just submit the offer to the sellers agent.
    1
  60516. You guys need Keeping It Keith on these walks!
    1
  60517. They run the condos just like the federal government
    1
  60518. Just a matter of time and even in FL virtually all new homes reflect a price reduction
    1
  60519. Thanks!
    1
  60520. Florida is full of transient people, partiers and scammers. Booms and busts are baked into its DNA.
    1
  60521. WTF does college cost so much? And it keeps going up… why?
    1
  60522. Excellent Info and Content . Thank-You.
    1
  60523. Epic
    1
  60524. You could probably get a side gig with Google for street view mapping 😂
    1
  60525. There is a problem for local business because there is too much remote work. Solution, get the government involved and increase the overall problem 10 fold.
    1
  60526. I love watching your videos!! I think you are great!!! I do not know if you believe in people that read the tarot!! They are saying, that California will be hit with an earthquake!!! I hope not!!! Just be careful!!! They are predicting this will happen after July 17-30!! Hopefully, GOD will be protecting you and your lovely wife!!! Be on guard!!! This message is not to scare you!!! I sincerely hope, they are wrong!!!!!!!!🙏🙏💋🙋‍♀️
    1
  60527. Corporations trying to buy a used homes and somehow make a killing? Which idiot would invest in companies like that? In early 2000 I heard about Walmart wanting to do used car business. People who invest in these used homes don't realized that all the homes are not the same quality and u need micro managing to make a profit. Big equals inefficient, like big govt!
    1
  60528. I never heard real estate agents say its not a good time to buy. Until now..
    1
  60529. I think that I will be happy and grateful for the things that I have and grateful for living in the greatest country on Earth and not worry about or judge what anyone else gets or has.
    1
  60530. Ok ok I get it there's bad news 😂
    1
  60531. Wow Tesla in every house you walk by 🤯🤯
    1
  60532. what causes the housing market to crash. if people choose not to sell their homes because they can afford them?
    1
  60533. New subscriber here. 💙👋👍Great channel! Very useful info, especially in these tumultuous times.
    1
  60534. The kids that have grown up today including a certain segment of the adult population were born into families that had no business starting a family because they didn't know how to instill what it takes to be a good moral citizen / adult into their offspring. For the most part they just liked to have sex 'cause it felt good , had kids with no clue how to raise them to become productive adults and perversion then takes over.
    1
  60535. 😂😂😂❤❤❤❤
    1
  60536. Florida isn't full of homeless people everywhere.
    1
  60537. Hang on hang on… so $1500 I am looking to move to Tampa specifically with my career in Neuroscience. Is $1500 for places that are in the hood and have bars on the windows, corner stores, packed out mini plazas, etc? Because I’ve been searching for approx 1.5 years pre-graduation (this sept) and that’s what I found for that price range (1500-1900) What about places like Carrollwood, University, Wesley Chapel, Lutz, Lakeland, Brandon, Mango? Because there are NO $1500 homes that are decent enough to thrive and raise potential children in there. I’m sure most of us are looking for something decent so I wanted to ask I would love to fill out the form in the link below. Moving to Tampa is happening either way…but I had to rip it up with a quick question first.
    1
  60538. I am always amazed at the way this guy speaks, not only am learning market but also English 😅 Thank you so much Michael
    1
  60539. ❤❤❤
    1
  60540. Five years of saying the same thing 1,000 times!!!
    1
  60541. Right on...
    1
  60542. 94 degrees today. You are leaving Miami for a road trip. Very nice! I would take a road trip except my vehicles are so old they would probably break down more than run, or just totally fall apart. In 2020 I set up a lot of small businesses with remote work and their profits went way up. Some have tried to go back to in office but they have all failed. One company that has remained remote does tech work and the individual techs work from home as well as drive to customer locations in their general area.
    1
  60543. Dang, Michael, let's go back to the trailer park for us poor folks... all those fancy boats make us feel bad... hahaha
    1
  60544.  @MichaelBordenaro  not really i live in texas and in one of the highest tax counties (woodlands), my tax rate is 3.2%, before homestead which bumps it down. not to mention they always assess way below the actual market value (around 100-150k less). Houston in comparison is 2% tax rate, before homestead...tought they assess much closer to market value also, we have 2 options for insurance. high deductible or low deductible, my insurance is around 670 per year for high deductible
    1
  60545. Trying not to spend anything, unnecessarily. Who needs the trouble debt brings?!
    1
  60546. The stupid politicans and the stupid lower salaried workers shoot themselves in the foot by demanding government mandated minimum wages. They get no where and neither do we.
    1
  60547. There’s some truth to what the agent said however, it’s a LONG TERM investment and the monthly payment is the key factor. If you can afford it and ride out a dip you can still win. Sounds like she was leveraging herself to the hilt.
    1
  60548.  @MichaelBordenaro  a nice furnished shack 😂
    1
  60549. Michael, open door here in Missouri had alot of listings in the st louis/st charles region. I checked several of those listings for what they paid and what they sold for and most were losers . I have been buying houses for a long time and this is something you can't use a computer algorithms and expect profitable results every time .
    1
  60550. T-Bills 5% wait like an Eagle..
    1
  60551. I am only here for the guitar shredding, what's with all the real estate talk?
    1
  60552. They are monetizing the national debt, including SS. There isn't enough young people paying in to keep the program alive, it is a ponzi scheme.
    1
  60553. Obfuscate everything - numbers, definitions, reports, etc. Makes it so they can just deny how terrible everything actually is.
    1
  60554. I don't think I would self insure. What if the house is completely destroyed. That's a lot of cost to cover. Just heard Biden's Socialist Mortgage Plan reversed by GOP Bill. The Bill is titled the "Middle Class Protection Act" passed in the House 230 to 189 w/14 DEMS joining. Thank You Michael and enjoy your weekend!
    1
  60555. Your walk today made me think of playing GTA 4 :)
    1
  60556. In 1974 I was in a microbiology and technology class and saw that the value of people going down in value. The hyper-rich have NO need for 7 billion people on the surface. So what are you going to DO?
    1
  60557. Coastal Georgia is still a KEPT secret ……there are great island beach communities that RARELY get hit because of how we are situated …… insurance companies galore will insure on the beach…. I do now see more MASS and NY plates unfortunately…it’s SO AFFORDABLE here but it’s getting discovered …..got great weather ….. and low crime
    1
  60558. I drive a 2018 Toyota Camry SE Hybrid with 82k miles. I will never buy new or a electric vehicle.
    1
  60559. I listed my home on Friday and I can confirm that the market is DEAD. No showings. No serious interest. Nobody buying. The buyers dried up overnight as soon as interest rates increased.
    1
  60560. Yep I redid my heloc while prices were at the top. Have used it for last 15 yrs to buy deals flip for profit to buy rentals.
    1
  60561. So an Asian guy born in Hawaii would have more in common with White guy in Florida 2024?
    1
  60562. The fed is not going to reverse rates until a housing crash is guaranteed. 2008 worked out too well for the people that rule this country. They want many institutions to fail so they can gobble them up at bargain prices. It’s a soft landing for the people that run this country, a hard landing for growing industries, and a crash landing for you.
    1
  60563. I don't pay property taxes since I haven't bought a home yet my rent is too cheap so I'm good for now
    1
  60564. Michael I just recently heard this month the median rent is 50 percent less than the median mortgage. I’ll save that 50 percent. I rent out 2 units under market because the studios are over my business. They are gold tenants. Their payments together equal my rent currently… I’ll buy something when the time is right. pS your wife is a beauty and looks happy, anyone who loves dogs has my heart!
    1
  60565. I totally agree with this, we can’t buy a house in China, and we shouldn’t have anybody that is a citizen of a communist country Holding property here. Especially not around our bases. and we don’t have enough houses for own citizens
    1
  60566. HAPPY BIRTHDAY!!! Watch you everyday with my wife enjoying the dink life. Have fun tonight!
    1
  60567. Saw this today: Orlando home sales rose in February for the first time in eight months, with prices going up as well, launching the spring selling season. ▶ WATCH CHANNEL 9 EYEWITNESS NEWS A new Orlando Regional Realtor Association report shows sales jumped 26.5% from 1,719 in January to 2,174 over the short month — ending a slump that began in June. However, sales still were below February 2023′s 2,240. The Realtor association’s report looks at sales in Orange, Osceola, Seminole and Lake counties.
    1
  60568. Handsome
    1
  60569. 34.4% of US households take home more than $100,000 in 2022. 15.3% of US households fall in the $100,000-$149,999 bracket The average individual income is $63,214. The median individual income was $44,225 in 2021. Just looking at these basic figures, you can see just how unaffordable a lot of housing is for average people. Eventually, the prices have to fall quite drastically and, if they don't, the numbers of prospective buyers will continue to decline. Ultimately property is only worth a) what people are prepared to pay for it and more importantly b) what people can afford. The way things are right now, buyers are in short supply and that supply is shrinking with each passing week, each passing interest rate rise, each job loss, each increase in the rate of inflation, each decrease in the value of our currencies...........
    1
  60570. Where can I find a WWHNKOSS-Widow With House No Kids Own Social Security?
    1
  60571.  @MichaelBordenaro  Thanks for answering my question! So the idea is to buy and the lowest price point possible and refi at a later point. Got it.
    1
  60572. Been watching credit card debt, auto debt, insurance, and interest all soar. People having an average car payment over 700/mo, ~1400/mo rent and everything else on a median salary of what, 41k? That's per capita too, the big/tiny fish are in that number, shave off the 5th and 95th percentiles on that and I bet that number is a bit scarier. Looking at gross averages alone, I would say people are, in general, leveraged well beyond their means. Payday loans went up 2% as well to ~21 bill...so there's that to consider among other things.
    1
  60573. Most of the car loans are being downed with the stimulus checks instead of from the $$$ saving up on saving accounts. This is a bad movement because there is no safe harbor to pay back the car loan if ones lost their jobs...
    1
  60574. Michael its becoming impossible to meet the cost of general expense, they are completely out of touch with the average workers. I work for FedEx Freight driving semi and although i make 80k a year we are cutting expenses left and right utility bills have doubled and electric is triple what it was 8 years ago. As a single income house hold our family cut all extra expenses cable/ Subscriptions/ vacations and recently dropping thousands to fix 15 year old car because the expense of purchasing a new one. FedEx gave a 3% pay increase at my facility this year not even keeping up with inflation. Most people like myself are spending more (not saving a dime for tomorrow) but its for basic needs not wants or conveniences. In this current economy its survival under $100,000 a year!
    1
  60575. The best recession indicator is yield curve inversion. When it un-inverts, the recession triggers.
    1
  60576. I don’t know, if you sell your house you’re gonna have to either go into an apartment that’s going to be at least $2200 a month for a two bedroom, or you’re going to have very little pic from because nobody with a 3% mortgage is selling their house, and you’re gonna end up with at least a 6.5% mortgage yourself if you do manage to find something.
    1
  60577. Spring hill thought because it is more up North I'm not sure maybe you can help To reasons like you said if I have to get out of the state I'm up North more and I can get out and go and/or I'm not really into the harrycane seen as I live outside of Chicago Illinois same as you used to so if you can help I'm getting ready to retire here and 4 months and I'm trying to get ideas of where I might wanna be I work in road construction in the Chicago land area all my life I just wanna get where it's warm
    1
  60578. I mean the only issue with "kick the can" is you'll see stagflation regardless. I agree the Fed is in a pickle, but if they don't act the economy will, and we'll end up like Japan in early 90s. Powell may not act (he's a joke) but if he doesn't the economy will sort itself out regardless in the long run and that will force the Feds hand (likely under different leadership)
    1
  60579. Happy Birthday Lizzy!
    1
  60580. I am not a landlord but does not the Government through its constant tax increases on non-homesteaded rental properties contribute to high Rents?
    1
  60581. Michael, which real estate app do you think is the most accurate?
    1
  60582. That makes two of us!
    1
  60583. Yout hit everything on the nail. 1) First right of refusal is a good policy. 2) Fed Reserve (banking cartel) monetized all the bank debts and we all get over priced housing. Stupidity upon stupidity. 3) Getting rid of public housing competing with private housing development has been a the mistake of many other nations, and they're in a similar boat... US more than other nations with millions literally living in RV's and tents and cars with FAMILIES children. 4) Use our tax dollars not for some oligarch private military to colonize various poor nations in Central and South America and in Asia and Indonesia, but to maybe build, develop roads and utilities. Instead of the bozo the clown method that many cities have adopted: developers are now required to build the roads and water works and sewer works and electrical to specifications to the local utility companies, they then hand the utilities and roads to the respective operating entities for "Free". It's not paid for by the city or municipality or by the private power company or gas company or private water company... it's all paid by the developer now who then has to pass that price of building the roads and utilities onto the buyers. Prior, home builders simply had to build the house allowing developers to build home homes, our taxes over time paid for all those utilities and road services. 5) Free market has failed. You're living thru it. Banks now own the market. Congrats. Government bad is the montra propaganda nonsense. A democratized nation you are the government, you gave that away to the banks and oligarchs. Congrats. 6) The problem without government any intervention, you would still not have enough housing supply... and we'd probably still be in a complete depression. But it was done horribly. Free markets you got what we got... it's fantasy.
    1
  60584. Thank you, Michael, for that last part where you countered Barbara Corcoran’s “advice.” Your points make so much more sense than hers.
    1
  60585. 40 yr. loan means all the money goes to interest for decades.The banksters take it all. They scavenge the field and take the sick and the fallen and take them into 40 year slavery.
    1
  60586. Until drivers can plug directly into the sun, we are not ready for EVs.
    1
  60587. to tell the truth, looking at the various homes you stroll past, i would be hard pressed to offer more than 50 cents on the dollar of the listing price for any of them......
    1
  60588. Inflation is here because of the spec houses somebody has to pay for their artificially inflated pricing at 60 million 100 million 200 million. AI at the moment artificial intelligence cannot solve that new algorithmic equation😂
    1
  60589. It is all about the election That is what the spin is there
    1
  60590. Thank you again Michael for your thorough information on the market. ❤️
    1
  60591. Larkspur...nice. look around. The redwoods you see are what's leftover from ancient redwood forests.
    1
  60592. I notice in your videos the new construction of luxury homes
    1
  60593. The fact that you're walking on the road makes me nervous.
    1
  60594. Loss of checks and balances in the political system causes the insanity in S.F. and elsewhere.
    1
  60595. Kicked out to the street? Really Michael ? More like stopped paying 6 months or more ago, saved at least $2000 a month = at least $12,000. The go look for to a brand new nice apartment with 2 months free rent incentive for $1400 a month more or less. Not exactly on the street, huh?
    1
  60596. It almost like all their effort is in propping up the stock market, everything else be damned.
    1
  60597. Thank you for your knowledge ❤it's sad that the government is our enemy👿 because they do not do what they should do to help the economy💰💰💰💰💰💰💰💰💰💰💰
    1
  60598. Tanks and Sun glasses are definitely unique to your internet persona lol 👌👌
    1
  60599. Bravo Michael… keep your integrity but make money.. you are entitled.. I agree.. 4.6 percent my foot
    1
  60600. It was a great video Michael. I won't try to repost my comments and replies but do want to add Happy Birthday to Lizzy!
    1
  60601. You can have all the education in the world; if you have no motivation. You'll go nowhere. MY boss Bill at Big Louies when I was 17.
    1
  60602. Uber might be a little more but the convenience and the speed of getting a ride make it still a better deal
    1
  60603. NAHB indicator is increasing. Delinquencies are coming in Thursday morning. The 2/10 inversion is still very real and large(over 50bips). Recession…..
    1
  60604. 😆 the dog.. If I live there that's what my dog would do😒
    1
  60605. Thanks for making video for us during the rain. You’re awesome!
    1
  60606. I'm in a small condo, I'm paid off, and I don't have insurance. I put in hurricane shutters and forgot about it. Now I'm nervous my HOA might require it. So far so good. 🤞
    1
  60607. What if inflation is 9% + 2% = 11 % Fed interest, in the 80's it was rate of inflation + 2, this would be devastating
    1
  60608. iNTereSt RAtEs arE cOMiNG DOwN sOOn. 😆😆😆😆😆😆😆😆😆
    1
  60609. Looks like no beach at high tide...what a drag!
    1
  60610. Could you do an update on these places now in Summer 2022 please? thank you.
    1
  60611. Two great value adds!
    1
  60612. 78 degrees in San Diego
    1
  60613. I’m so lucky. I’m refinanced my home for what I owe left at 2.85 % I can’t move if I even want to. Rent more than what I pay for a 5 br home 4.5 bath. I’d be under the water. I’m paying debt off. Keep my space just in case my kids have to come back home due to economics.
    1
  60614. Very good video and big like my friend Thank you for sharing .I like it Very nice
    1
  60615. I would like to see houses booming again but when I see the slow down for my own eyes, I don't need Michael or Travis to twist my arm. No I don't see a crash but it has certainly slowed down brother
    1
  60616. Financial stupidity of people just make me sick and you Michael have allot of patience talking and explaining the same thing Thanks for another good video 👍😊
    1
  60617. Thanks
    1
  60618. We couldn't believe the the woman that you're walking with is your mother She doesn't look old enough. but yes we would like to see a video on retirement would like to hear her views there's a lot of us right now that are just turning 62 And the way things are we don't know what's up or down things at Walgreens are just went too high People were just going there for refilling their drugs that's the only thing that's keeping them afloat we love your channel thank you so much for the insight
    1
  60619. Geopolitically where is a better place to buy Real Estate than the US? Couple that with the following, "A 2022 study projects that wealth transferred through 2045 will total $84.4 trillion—$72.6 trillion in assets will be transferred to heirs, while $11.9 trillion will be donated to charities. Greater than $53 trillion will be transferred from households in the Baby Boomer generation, representing 63% of all transfers." Until foreign investment is limited or banned is there really such a huge crash risk for residential real estate?
    1
  60620. Go with what you know and keep it straight .
    1
  60621. I thought you said if you make 70k you can’t afford a house?
    1
  60622. Michael, I want the truth. I can handle it.
    1
  60623. So the better your credit rating the more massively in debt you're allowed to go. 👍
    1
  60624. That water view before you showed the paddleboards,... Are there alligators in there ???
    1
  60625. Another great video.. thank you.. keep up the great work
    1
  60626. I don't think the people of California will embrace Florida type policies. The people sick of the left wing dictatorship leave and the ones who are ok with it stay or move there from elsewhere.
    1
  60627. First
    1
  60628. You would have to have room mates if you pay a mortgage like on the Golden Girls. But were to find a Dorothy and a Rose to share the expenses.
    1
  60629. I’m 35 I have a 115k remote tech job so I’m doing pretty good financially, I have a lot saved and keep on saving every paycheck and I have enough money to buy anything I want, around where I live in Chicago I see now hiring signs everywhere granted it’s for restaurants but still, I’m renting right now and only 15% of monthly income is on rent lol so life is good but still renting is getting pretty boring at this age
    1
  60630. Elon promised a 35k Tesla. Where is it?
    1
  60631. we look the other way, and when it hits us in the back of the head !!!! BAM.
    1
  60632. Well its easier then that , they are using the student debts to take back ownership’s … ppl bought houses in panic mode … at stupid prices … and now they are coming for you …. Its just a big game . At the end its all about choices … lets hope after 2008 and whats coming people will learn from it .
    1
  60633. Good video thanks
    1
  60634. It is exaxtly ecause goverments interfere in the economy there is a mess all over the world in the estate markets. It is all about controlling the mass population. The ridiculously low cost of money for big investors and the banks, which creates the enviroment for wealth distribution from middle class to mega rich. There should be a law that puts minimum interest rate on borrowed money. If the fed can lend to other banks at zero interest rates, the individual investors should be able to get the same rate. Same goes for the savings. Minimum at 6% for money that goverment collectect for retirement funding. And the saving accounts. If bank can collect 20-30% on credit card balqnces, they should be able to pay mini, on 6-8% on savings. What is the interest on outstanding income taxes if you "underpay" during the year ? It is not .05%. If the goverment can justify mini,um wages, putting minimum interest rates on savings, including the goverment itself borrows, should fix the problem. 4-6% over the inflation rate computed by independent institutions. This will help not only fight bubbles in realstate market, but in overblown goverment budgets and eliminate zombie companies.
    1
  60635. I would have to disagree with you. There are still some people listing $100,000 + above true value. However, I am seeing a lot of homes currently being listed 40 or 50k above where they should value. Months ago it was unheard of to list as low. I look at the entire states of Virginia and Pennsylvania. In addition, the quality of homes is improving. I have not run other states, but I am sure there are some others that are experiencing similar conditions.
    1
  60636. I like the houses you feature and seeing the prices where you are and the home styles where you are. For instance, I like Mediterranean homes and you are often walking in neighborhoods that feature elements of that style in their elevations. :))
    1
  60637. Hey man, stoner pics back then
    1
  60638. Could have 0% interest rates for 50 years like auto industry. As long as people willing to pay for property tax 👏👏👏. Must keep the real estate humming otherwise all bubbles 🫧 will pop .
    1
  60639. That house is just an investment owned by a party that has millions to invest. They may have more than just that property. They should fence it off to keep kids out. 😅
    1
  60640. That means you have been living a lie also
    1
  60641. The circle of life is in serious trouble. Rich people,corporations, and small businesses need the poor and middle class to spend money. The drastic rise of home and rental affordability is causing an enormous strain on the average household. In this great circle everyone depends on each other for their livelihood. The cost of shelter that has exploded by 40% in 2 years brought on by massive greed and fomo is going to have a huge snowball effect in all aspects of society. Hold on tight and pray!
    1
  60642. Hi - I like that - this is the “robbing Peter to pay Paul”economy - kicking the can down the road until the road runs out.
    1
  60643. I've driven a hybrid for the past 17 years and it has served me well. I have never understood all the EV hype. If I had a garage I may consider a PHEV but I would never compromise convenience to follow the latest fad and go full EV it makes zero sense at all.
    1
  60644. Lol rocking the disaster yard 🤣
    1
  60645. I have 6 figures in high-yield savings, solid checking/spending account, & zero debt - took me about 8 years to reach and dig out of from over 100 K debt. I am doing great, but I am not spending willy nilly. I am not spending much on the holidays either. I sense a storm brewing, but I don't know if I am Chicken Little or Noah. I rent a 3-bed 1-bath house at $1000 below market luckily. Getting pressure from wife to buy a house in an area where houses average an obnoxious750-800 K and with over 7% interest. Telling her no we aren't buying now. She can pout all she wants but I'm not crazy.
    1
  60646. Great DP 3 and DP 1 insurance information I will pass it along to my relocating friends
    1
  60647. Excellent information Michael. 🙃🙂
    1
  60648. The boldest crossover ever 🔥🔥🔥
    1
  60649. Agree 100% with what your saying here, I had 3 claims with Citizen's every single time they found a way not to pay anything. Not only that after doing the assessment for the damage and telling me they would not pay because the weather model said the wind wasn't strong enough to rip off my roof, they told me if it wasn't fixed to their standard, by their deadline then they would drop my coverage.
    1
  60650. When you own a house you at least own the land not with a condo or mobile home
    1
  60651. Nevada desert 🏜 109° to 117 ,hello you best of friends who are living here 🎉🎉🎉🎉😅❤
    1
  60652. Like your videos. Very informative. You think like me. Question why a Jeep? Expensive money pit of a car. 4 wheel drive??? Why
    1
  60653. Mike do you have a suggested resource buyers should read say 6-12 months out from anticipated buy date? Perhaps something like "Dummy Guide to Home buying" or "Home Buying 101", I just made those titles up but you get my point.
    1
  60654. Michael do you have any idea when 2/2 in Brickell will be back to 450k-500k?
    1
  60655. 😳
    1
  60656. You rock!
    1
  60657. 20:54 Michael, you look old. You look 40-45 years old in this video. March '09 was almost 14 years ago. You said you were 21 then. That would make you 35 years old now. Doubt it. I'd like to see proof. Love your videos! UPDATE: I just googled Michael Bordenaro, and it looks like you are 35 years old. You just look older than you are.
    1
  60658. there should be no property tax or income .. this only started in 1913 with the formation of federal reserve
    1
  60659. The Fed is destroying all markets and ushering us deliberately into a depression. They have caused everything happening right now financially.
    1
  60660. They can't raise the rates any higher. The national debt is so high that the interest payment would destroy the budget, either by crowding out all other spending or causing borrowing to accelerate to the point of hyperinflation.
    1
  60661. Have a great trip! If you can Pacific Beach is a nice walk
    1
  60662. An absolutely beautiful hike🎉. California has an abundance of fantastic State Parks. In Socal my goto parks --- Crystal Cove & San Onofre State Beach. The trek cushions the blow of your accurate but concerning economic data. Thank you Michael 🌊
    1
  60663. Just got back from Florida , Miami , Fort Lauderdale the shot over to the west coast Marco, Naples , Bonita Springs,Cape Coral even went up to Venice for the day. The east coast is to expensive and way to crowded. You have to pay for everything and parking is expensive. Even in Naples you can park your car for FREE on 5th ave but Naples is probably the most expensive town on the west coast that I saw to eat and or buy Real estate. Bonita springs was nice but Barefoot beach not so barefoot it’s hard as a rock and loaded with shells even Marco the beach had lots of shells not so nice and if your not looking for a beach the best town was Cape Coral great restaurants clean and easy to get around. If you like quite Marco is dead. The west coast has the Best Sunsets.
    1
  60664. I enjoy hearing your personal experiences.
    1
  60665. They are like travel agents before the advent of travel websites. Sure there are a few things that they do that simply cannot be done by a website like showing a home but nothing they do today warrants them getting paid the ridiculous sums they expect.
    1
  60666. Place your bids, long term buy and holders. Start at 10% below the ask! I’d rather rent out a home at a small monthly loss over a short sale.
    1
  60667. YES IT HAS in the past two years especially!
    1
  60668. The SO CALL CALIFORNIA DREAMING IT'S SO GONE!! THEN I WENT TO SANTA MONICA. WORSE!! VENICE.? THE SAME!! THE ONLY ONE I SEEN IT'S DONE SOME DESCENT REMODELING? HUNTINGTON BEACH BUT IS WAAY TO EXPENSIVE.4K TO 5 K A 2 BEDROOM. 2700 FOR 1 BDRM. SINGLES GOES FOR 1850
    1
  60669. I was wondering when you were gonna change your outro back to “see you in the next one” 😂😂😂 love your vids!!!
    1
  60670. Longtime listener and subscribe and pay monthly. Please keeping asking to hit the like button and subscribe just like your doing. We stopped watching the news. You are amazing
    1
  60671. 2 words discribe calif...2 expensive!
    1
  60672. (Not a political comment) What will it take to make America great again? Can big government save us??
    1
  60673. Michael, if I had your money I would burn mine.
    1
  60674. You think that’s a disaster yard? 😂😂 That’s funny man.
    1
  60675. Todays FOMC announcement is totally what is wrong with Central Banking. Lot of cheerleading in stock market to get main street to keep there money in the markets. All the economic data shows recession. Rate cuts will not change damage from inflation and uncontrolled spending. Badly run companies and banks will go under. A fast large basis point rate cut means something badly broke in the market. Hard crash landing is more likely than not at this point.
    1
  60676. Holy ish From 1,000 > 4,500 WOW why hasn’t he sold. That’s just ridiculous Is it because of cost to replace a roof or rebuild portions of a house now is way more expensive or is this because of these roofing scams? Or both? The second quote seems normal. I see more houses I look at paying 4-600 a month for insurance on a house between 800k to 1 million I learned something new about not having to pay home insurance if you buy cash. That’s good to know. Now the goal is to get to a point where I can buy a house cash in FL to avoid the expensive insurance lol
    1
  60677.  @MichaelBordenaro  I mean 4500 a month is 54,000 Maybe you need to replace a roof for 20-30k after 10 years of no insurance. I take those chances
    1
  60678. so how many houses are on market and how many are looking for a place? could these 'experts' doing that because they are being paid by the banks to manipulate the market for the banks benefit?
    1
  60679. calfi we have prop 13 property taxes are 1% -1.25% verys from city county,can only go up 2% a year that protects us .but on the sale the new owner gets a new tax base grandmas tax bill is $899 ,sale for $1,000,000 new owner $12,000 a yr ., insurance on homes not that bad if not on a canyon or fire risk
    1
  60680. They'll let it get to an " economic crisis " to usher in their Digital FED NOW crypto currency ...their " pivot " into it ?
    1
  60681. College tuition is over the top because LAZY, pampered, out of touch, narcissist, tenured professors get paid $250K to teach 2 classes a semester, and then get paid year long sabbaticals
    1
  60682. Investors and house flippers
    1
  60683. I bought my first home .. a garage Townhome- 2000 sq feet in a Lakeside community with pool/clubhouse...in western VA 6 years ago for $233,000 .. beautiful deck, granite countertops, wood floors everywhere, etc etc. (I'm surprised that the prices in TN are now very high.) Do you have your own home in Florida ?
    1
  60684. You provide a great service, thanks.
    1
  60685. 😁😁😁😁😁😁😁
    1
  60686. There are plenty of immigrants waiting in the wings for their opportunity to become Americans. The US will never have a declining population.
    1
  60687. LoL @ Umbrella chaser!
    1
  60688. 7:05 because if you give money to small businesses theyre gunna steal it.... remember the ppe thing everyone was stealing.....
    1
  60689. Very good info Michael. Please learn these lessons people at a young age and not by trial and error like this dummy 61 yo. This is why Michael is my go to guy. I really want to thank you for making these videos. You and Lisi have a great day.
    1
  60690. That leaf blower was quieter than a vacuum. Definitely a lot better than gas powered blowers.
    1
  60691. This is what happens when we feel sorry for corporations and give them all the breaks all the time. Anytime somebody wants to regulate corporations are being labeled as communist or fascist. But the truth is capitalism needs some breaks. You can’t just let it run away cause it’ll be a giant cancer.
    1
  60692. Wow. That would be a disaster for many. I live by many small lakes but hopefully they don't try this. Not a whole lot from I can tell with claims visually. Very few tornadoes and some no claim needed. A lot DIY around here if easy enough and no major damage. Getting a dead tree down before something happens. Too close to the house.
    1
  60693. I have some silver. more than willing to sell it to you at 1980 prices.
    1
  60694. Everything in my zip is $1mil + avg southern commiefornia nothing stays on mrkt longer than 2-3wks ppl still loaded 💲🤑
    1
  60695. Hey it’s Paul Puma 😂
    1
  60696. Perfect example of real estate agents taking high listings that they know won’t sell. The agents are are at fault just like the owners for that first house in your video. Good agents wouldn’t put their name on that house
    1
  60697. CHEERS 🥂 THE CRASH IS HERE!!! now how to fix unemployment 🤔
    1
  60698.  @MichaelBordenaro  if you can get data of percentage of homes that are owned by corporations and investors since 2010 the numbers will have probably be alarming. Obviously retailers didn’t create this bubble they just got forced into it, how it ends will be interesting to say the least
    1
  60699. Well , uninformed people do make stupid investment decisions and keep on doing so .
    1
  60700. I bought my house for 499k in 2013. I can sell it for at least 800k now. But why would I sell it now and become a buyer and get into bidding wars with people and overpay for a house and with the interest rates above 6% it doesn’t make financial sense to me! I’ll end up paying more of a mortgage than I am now!
    1
  60701. Amazon has also entered the RE market so there's that to think about.
    1
  60702. Nobody stops eating fast food. The problem is McDonald's has lost touch with the customers. They think cause they are big that they can do whatever they want and serve it any kind of way and it doesn't work that way. If you would have been fair with your prices like every other fast food place, there would be no issue.
    1
  60703. 659k viewed we all broke😁
    1
  60704. And most hoa fees are already sky high ridiculous. Then to find out due to fraud and mismanagement that hoa fees will need to increase even more for maintenance. This will implode or explode in a recession
    1
  60705. Only problem with saving cash is, if the true inflation rate is over 11%, the 5% gained in your savings plan is loosing 6% of its value. When this collapse happens in earnest later this month into November, expect the Dollar itself to crash 30%. So I'm stacking Silver as I expect the Dollar to go to zero over the next 3 years.
    1
  60706. I think people make-up amounts and fiqures on how much they have saved in retirement ; $350 K becomes...$ 3.5 M !...Mindset...your priorities change as you age ; Health and Time vs money/ income....The "trick" is this ..do the Fun, expensive things, when you're young ( 25 to 45)...save 45 to 65...after that ; 70+ do you really care where the "hel- " you wind-up ! (lol)......Thank you, Michael for another Terrific Video ....
    1
  60707. I want to move to lower Property taxes state And live off my 4 rental Still has 2 mortgage 100k total hope to paid off soon And be ready to buy more rental property
    1
  60708. Michael how do the owners of condos in these high-rises rent to retirees? Rather than buying a condo for millions of dollars and tying up your equity people would probably like to rent instead. How do condo owners qualify retirees?
    1
  60709. UPSIDE-DOWN, UNDERWATER, BAGHOLDER, OVERLEVERAGED , FORCLOSURE, BANKRUPT... Words you will be hearing A LOT !!! 🍷😳
    1
  60710. Homes will be affordable after most of the people are gone.
    1
  60711. THANK you so much! I do appreciate it.🌹🌻😊
    1
  60712. Outstanding video
    1
  60713. Another Great Video Michael. I'm addicted.
    1
  60714. Down and Out Broke W.W.
    1
  60715. Anyone in their right mind knows this economy in America sucks and so does our global economy
    1
  60716. If the 'money' we use is junk, like us dollars, then the interest rates are going up
    1
  60717. yAyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy yATZEE YOU GO mOM SHARE THAT LOVE tHANKS mIKE FOR SHARING THE LOVE "RESPECT"
    1
  60718. Hi Michael and Nick, nice to see you together again.
    1
  60719. Happy B-Day.🎉🎊🎂🍾🥂🥳🤗
    1
  60720. Thanks for your updates🙏💞
    1
  60721. First 🎉
    1
  60722. Trying to get a mortgage for 1500 and being turned down and then the 2500 people end up paying in rent should be a factor into credit
    1
  60723. The bottom line kids is common sense goes a long way. If you live in a condo request budget breakdowns and the minutes from the meetings. If you’re looking to buy a house be smart. Don’t buy just to say we own a home that you can’t afford. You don’t own it until it’s paid off in full. The condo mafia is so rare and hard to get away with.
    1
  60724. Simple solution to the driverless taxi accident in San Fracisco: Driverless car company sends fire stations and police stations transponder to be placed in every one of their vehicles that will automatically turn on when siren is on. The transponder broadcasts emergency vehicle position, direction, speed to all driverless cars in the area. Driverless cars know to avoid emergency vehicle(s). Problem solved!
    1
  60725. The economy is not struggling according all the records i found
    1
  60726. This thumbnail is exactly what I’ve been thinking for about three months now it’s a joke
    1
  60727. I purposely did NOT get any student loans because I knew I could not afford it. You can imagine how angry people like me are with the stupid student loan forgiveness! You signed up to make a lot more money than me with your degree so go do it and PAY YOUR LOAN!
    1
  60728. Thanks for the reality check!
    1
  60729. A total of 82,307 people were laid off from U.S.-based employers last month, the report says, with companies citing restructuring, closing, market conditions and cost-cutting as the largest reasons for dramatic staffing changes. With the exception of January 2023, when 102,943 job cuts were announced, last month saw the highest number of layoffs since January 2009, when 241,749 people lost their jobs.
    1
  60730. People can move to other communities,cities and states where housing may be more affordable.
    1
  60731. Everyone let’s rent for 6 months until prices drop or move in with family, People need to stop buying and control the urge to buy in order for these prices to drop, sellers need to stop being greedy and drop prices now before they keep raising rates
    1
  60732. Was told that black mold will grow at higher temperatures??
    1
  60733. some markets that have seen 150% + in appreciation in 10 years if they only drop 20% like you say in the video well thats still going to spell trouble thats still to much appreciation
    1
  60734. Great show. I saw that same video about the scamming going on in Canada. Wow. So sad... Enjoyed that back ground with the water. Keep walking and talking..
    1
  60735. You’re 💯 correct, if there’s not a change in institutional buying where congress steps in and creates some kind of tax bill that will stop them from continuing to buy homes and manipulating the pricing then nothing will change and prices will continue to go higher. The only people getting hurt with higher interest rates is retail, institutional buyers are cash buyers. There also has to be some changes in the Airbnb market as well because that’s what’s killing the Florida market
    1
  60736. Trickle Down Economics.... Pathetic...
    1
  60737. Many mobile homes go through multiple owners over the years who sell it instead of moving it. But mobile homes have a limited lifespan before they become dilapidated, and then should be scrapped.
    1
  60738. Get with the program…you don’t need to pay bills anymore, appeal any judgements against you all the way to the Supreme Court Trump style….if you are paying your bills you are a chump
    1
  60739. After our landlord got greedy in CA and doubled the rent, we had to leave. Decided to buy a home in a more affordable state. Now we own the home and hate it, waited too long to sale and are now stuck! Damned if you do, damned if you don’t so pick your poison wisely
    1
  60740. Thanks!
    1
  60741. Overall, who knows what the average housing price will do? However, Michael, it is different this time because the US has 12 million new people here who need housing. How can housing prices collapse?
    1
  60742. Congratulations 🎉on Your 100,000 subscribers ! Keep up Your great Work !
    1
  60743. Nice to see your eyes!
    1
  60744. If I walked around a neighborhood with a camera in my face my girlfriends would ditch me but I like this fellow
    1
  60745. I work for a big retailer in Australia, and we’re having the opposite problem with inventory. We haven’t been able to get the stock due to many factors, one being a shipping bottleneck. It’s made it difficult for customers to get the goods they’re after, and our shelves are looking a bit sad. Now, due to inflation, the prices of goods are increasing, and we don’t have the inventory to have massive sales. In regards to housing, we have a rental crisis. There is not enough inventory available for everyone, so of course that has pushed rent through the roof..especially in the city and areas that are rural, yet still within commuting distance to the city. We are, however, predicted to finally have our housing bubble burst soon. My daughter has been saving for a few years (she’s only 21), and is already waiting in the wings with a sizeable deposit ready. Earlier this week the reserve bank commented that our economy is fine, and we are unlikely to have a recession…so I just presume to brace for the recession impact.
    1
  60746. This is lovely seeing you take us along at the beach. You are so appreciated.
    1
  60747. The flipper and investor Ponzi scheme continues to drive the biggest bubble in history
    1
  60748. BREAKING NEWs forecast from a C student on housing next year$. Prices up on homes prices up on food prices down on tv and cars people losing jobs and every thing except homes will be on sale , and if they do drop really rich people will buy them first becouse rents an d home taxes will keep going up .
    1
  60749. I’m doing better now then when people had stimulus but that’s because the group of people my business targets is people struggling so I assume people are struggling that’s just based on my experience
    1
  60750. In order for the Feds to cut rates, something drastic has to happen, I'm thinking another bank fails and in a much larger scale than SVB, or the layoffs start rolling in in the tens of thousands per company.
    1
  60751. I have never counted on SS to live on....it's a ponze scheme to begin with and once the employment rolls start to decline the program will become insolvent
    1
  60752. Enjoyed it for sure
    1
  60753. Happy Birthday Lizzie! 🎂
    1
  60754. They probably Rent all those vets
    1
  60755. This is why the British lost the 13 colonies. Do we need to remind these bureaucrats who they work for. No tax increases without a vote!
    1
  60756. I up my homeowner's insurance due to the cost of time and labor. I also learned that major insurance companies are raising prices this year any where from 8% to 14%. And I seen mine increase this year. Thanks for the great videos
    1
  60757. They wanted 3 million for the house in the beginning with the black gate.
    1
  60758. I am renting a high rise condo in Aventura and my lease ends at the end of July. I want to re-sign another year lease but the landlord is kicking me out so he can sell the condo. I hate moving...
    1
  60759. Statue of limitation applies to unsecured loans not home equity maybe
    1
  60760. Madness. How much is rent now for you?
    1
  60761. ❤ Huntington Beach
    1
  60762. Can someone tell me.. how do you work 8 days a week.. I'm I the only one that caught that...Duh 🙄...who says that people with money are smart!!
    1
  60763. Hi guys!!!! I know there's a heat wave on the west coast Hope it tones down soon.
    1
  60764. price increases are coming through the summer in Tampa.
    1
  60765. This is completely unattainable for young first time home buyers.
    1
  60766. Housing will drop for the next two years before the pricing levels out.
    1
  60767. if $$ gets pulled from banks,, it has to go somewhere,, now the risk is not accounts under $250k,, its the accounts well above $250k,, that money will go to crypto, gold/metals, stocks, raw land in nonwoke areas. recession winner $nflx $342 if you are old,, $rblx $45 if you want to capture this generation of nflx. you can buy gold,, yet $x is $25+/- with $15 in cash per share,, the real 'hard asset'
    1
  60768. Lots of great info as always..,,food for thought
    1
  60769. Oh no, I'm melting. 😅😂
    1
  60770. Go to destin florida, the sand is pure white with no seashells. The water is extremely teal. I have a video walking on the beach here
    1
  60771. Older Americans are being kicked to the side for Gov't handouts to illegals- Socialism at its finest.Wake up Americans!
    1
  60772. Now I have no quarrel with what's being said here however, I'd like to point out that these type issues are not limited to our country or, the 'West' in general, as apparently even China, with its millions of well educated students and tens of thousands of successful companies, is having similar problems in its economy. The impact of technology and rapidly changing business and financial conditions has caused its own upheaval in ordinary peoples' lives and their future in their society. We are living in and through some strange times currently taking place in the world's economy. So, we have to find some successful way to deal with those issues and provide for our families. Not a fun place to be in but we will prevail as we are supposed to by the structure and demands of Nature itself. Not a Pollyanna view or position to assume - just an expression of Human tenacity to beat the odds and survive.
    1
  60773. You knew it was coming. Michael predicted it. Scott Walters predicted it. Orlando Miner predicted it. All MONTHS AGO when they also predicted the Crash, months ahead of the "experts" and media pundits.
    1
  60774. Yeah. This " revenge travel" will come to bite them in the butt.. how irresponsible. For their children as well..not thinking of their children. Smh
    1
  60775. Biden sending more money to Ukrain AGAIN 🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️ $$$ 725 MILLION will never recover with this economy
    1
  60776. They control the printer... £ ederal ® reserve @ ct 1913 🤣 They decide who gets $.
    1
  60777. As it should go down with almost a decade of unsustainable artifical stimulation created by the fed.
    1
  60778. I wish I had you to sell my house. I sold it already.
    1
  60779. Your a fantastic you tuber, so naturall real and informative, even for me, and l live in london UK. Thanks!
    1
  60780. 1st
    1
  60781. Michael -you are over the target. Well done.
    1
  60782. I have Amazon packages not arriving, too. Can't cancel the order either. Unrelated, but this is getting stupid.
    1
  60783. People like to say you get a tax write off by owning a home. You are really only getting a write off because of all the ridiculous interest you are paying. If you rent you could be saving the interest you would be paying.
    1
  60784. This is one of the best of all the great videos you have made. Run for office in Miami please :)
    1
  60785. Michael, I like your comments, the way you make your videos, and the way you speak due I’m not American, so it’s easier to understand. You fits well to be a teacher! 😃
    1
  60786. Mr. Miami 😀
    1
  60787. Homes are for living in, NOT to flip and not to trade.
    1
  60788. The Miami market to put it this way is “special”, it is fueled by funny cash reason why you see flippers try to sell at a 40 % or 50% returns on flip, maybe it worked for them once or twice but it is not the norm. The average American does not qualify for crazy loans and these high rates. There is news on a lender in Texas that foreclosed on a large multifamily portfolio. Would be nice to discuss what happens when these funds think they can just add hundreds of units to their portfolios that at the end of the day they can’t manage.
    1
  60789. Very cool view
    1
  60790. Happy Birthday
    1
  60791. Would love to buy in SWFL so I’m glad you covered it. Hoping the market crashes soon! Plenty of the builders in Lee country will not budge on their prices. They’re trying to sell 1900 square foot houses for 900k. That’s the biggest joke imo.
    1
  60792. Happy time's 😂enjoy the day.
    1
  60793. Too bad stupid BOA let some fraudster get an account with them in my name with NO verification!
    1
  60794. Not paying Commission can give more room to negatiate. of course sellers want to get the most for their property, but with or without a realtor they may be forced to lower the price anyway. I remember my first house house that I listed for six months and did not get an offer till just before the end of the contract. I had a gut feeling that this buyer would not qualify for a mortage, when the realtor told me that the buyer worked for AT&T but would not tell me how much she made at AT&T. turns out I was right so as soon as the contract for the realtor ran out I put the house on the market and got two offers within two days that were substantially better than the offer the realtor had without paying any realtor commission.
    1
  60795. Second
    1
  60796. we do not live long in this world find a place to live where your close to family and you can have disposable income to live....
    1
  60797. We have religion, and we have government corruption when the two mix there is war !
    1
  60798. How quick do the property taxes come down when the house sells for a lot less than tax appraisal?
    1
  60799. Fckn crazy, I know.
    1
  60800. same here in Canada may as well just save for camping gear houses are unaffordable and so are cars lol i cant even afford to drive let alone buy a house.
    1
  60801. You have to be Columbo now to buy a house. Wtg America.
    1
  60802. 7:00 Is it possible all those coming over the borders will fill those rentals. So rents will stay the same and continue to rise? All planned out ahead of time.
    1
  60803. Michael, I thoroughly enjoy your insight and expertise. It is a joy listening to you. Thank you for including real life experiences. Yes, I remember Lay-Away from stores that were around way before K-Mart!
    1
  60804. I seen that guy on ten floor with flood insurance. That's going to be a wave...
    1
  60805. A well-known insurance company asked me if I was interested in a device to track my driving and get a discount off of my quote. I declined by saying my driving record speaks for itself. It's a data collection scheme. They SELL your data😮
    1
  60806. Happy Birthday Lizzy🎉
    1
  60807. The deals are not deals with sky-high interest.
    1
  60808. i think that this core is estimated too high in that rents are coming down and that has not been priced into core. Give it two or three more months to become apparent.
    1
  60809. $170k two electric vehicles vs two $3-5k gas vehicles
    1
  60810. Well done Micheal. Your You Tube videos are enlightening and very helpful to the many people who do not understand real estate. We appreciate what you are doing.
    1
  60811. Cool idea for NJ! I’m all for it.
    1
  60812. The whole market is upside down.
    1
  60813. The numbers Michael is showing us, don't lie. But I've driven through Dallas, San Antonio, and Houston, and things look fine. People are at restaurants, the car dealership has a bunch of customers that I can see, and there are a bunch of nice cars on the road. Sure, people have loans, but those loans need to be repaid. People are still buying houses, are affording them, and still having parties and going to bars. I think people are doing overall ok. My problem is that Michael explains all of this like the economy will explode soon.
    1
  60814. So what about all the poeple that forbearance their mortgage loans, has that program ended or about to end anytime soon? What about when their payment is due and whoops lost your job cause "economy"? 2023/2024 is going to be crazy year for a lot things
    1
  60815. Try narrow each lane by 10 inches, double the amount of cars, add lots of scooters, motorcyclists and bicyclists doing lane splitting, white delivery vans parked everywhere, cars moving up in the left lane to the intersection just to make a right turn in front of you, while pedestrians are crossing red lights as if they were immortal. Imagine this happening ALL the time and you have a fair idea about what driving in Paris is like. Thankfully here we can't own guns, otherwise I would probably be incarcerated by now ...
    1
  60816. Congradulations on five years. Thanks for this vodeo. I think i will just say no to HOA. Its too easy to end up under water.
    1
  60817. “$1.2 Million for a piece of bacon.” ROTFL 😂😂😂
    1
  60818. Very good Info. Just a quick info, on their site they do state this: Minimum Down Payment Required As Low As 3%
    1
  60819. Thanks Michael for your hard work making these videos.
    1
  60820. With glasses
    1
  60821. Congratulation for your 5th Anniversary! well done... thanks for your nice videos!! so interesting! hello from Canaries Island, Spain
    1
  60822. Maybee we should stop funding the worlds wars and welfare!
    1
  60823. The "Everything Bubble" is real folks. Last 10 years look a whole lot like the Roaring 20's
    1
  60824. The big shot folks are LYING so we keep getting ripped off by them. Yup-buyer's remorse BIG time! EVERYTHING they did has to be torn out. My "inspector" missed TONS, though several code violations were noted. Nobody has ever SEEN such an inexcusable crapshoot job. Fortunately, the home itself is SOLID. I paid DOUBLE what the punk kids paid, but the 2019 market had me outbid, of course.
    1
  60825. In a collapsing market the banks will be owning more homes. When it's cheaper to rent than pay the mortgage, they will walk away if they have no equity. I know people that took loans just to walk away with something. Banks are not loaning money right now. Banks are going under every where.
    1
  60826. Love the Skittle C8 Corvettes callout. Good video in terms of content.😁
    1
  60827. Meanwhile.. Bitcoin all time high
    1
  60828. Happy Birthday, Mrs. Bordenaro. Madam, you must must have the patience of a saint to deal with this guy. ;) j/k Good video, Mike.
    1
  60829. I think prices are 15% high for ordinary houses. The most desirable houses will obviously still sell because there was a decade of slow home building and a shortage of newer homes.
    1
  60830. Michael , you forget the deductibles !2 , 5, 10% of the coverage amount . Better to self insure !! Yes pay cash !!
    1
  60831. First time on the channel you are very intelligent and well spoken. Last year I worked hard to heal myself of a shopping addiction then save my down payment but I got cold feet and ran away I just had a bad feeling about buying. Time will tell if my feeling to run was right
    1
  60832. Houses here in St. Louis are skyrocketing. Hyperinflation coming? 🐊 ☀️ 😎
    1
  60833. Lots of common sense.
    1
  60834. A lot of the private investors with rentals demand credit scores over 730, huge rents and deposits, and charge $20.00 more per month for every tenant over age 18 who doesn't have a high credit score so you get screwed for having young adult children who haven't had TIME to establish credit so its just an excuse to rape you for more money, and THEN they are playing undisclosed bidding wars and think their shit doesn't stink and act like they are doing you a favor by answering the phone at all for properties that they let look rundown on the exteriors. GREED has taken over a lot of private landlords and I for one am looking forward to seeing them get their just deserts. Unless these landlords are just being outright greedy, they have bought at the top of the bubble and that is why they are charging $3k mo for a 1000 sqr foot house! There should be regulation because landlords never lowered their rentals since the last downturn in 2008.
    1
  60835. On State Farm in California - I live in the 118,000 acre 2018 Spring Fire burn scar in Colorado. After the fire State farm stopped writing here, but did keep existing customers. A year or two ago I did hear that they have started to take some new customers in the area. I'm still with State Farm. My house was damaged in the fire, but not too badly. I think the big factor is how much fire mitigation was done. That saved my house and made me a good risk for State Farm.
    1
  60836. So what eventually happened with Bill and his neighbor?? Did the neighbors buy that piece of land? How much?
    1
  60837. First hand report, our interest rates dropped (!) I know a few others that that have gone down. None of us are lottery winners, though we wish we were. Ultimately I agree with your prediction that rates will continue to go up and the rest of the story.
    1
  60838. One more thing, my husband is remote and his salary DOUBLED in this past year! He's in a very high demand position in the Tech field. Remote isn't going to go away, but I hear you.
    1
  60839.  @MichaelBordenaro  true but it doesn’t seem to be bothering them so far…
    1
  60840. i think you are wrong on this one, there is still tons of room to grow for prices!!!!...have you seen Canada? yup...tons of room to grow, rates drop and prices will go up again, cheers
    1
  60841. That Mesa half stack is beastly! Mine is in storage atm as I wait to move 😎 can't wait to fire it up again
    1
  60842. I’ve owned my Florida condo for nine years. None of the condos in our community of several thousand units are more than two stories (garden-type apartment condos), so the new condo laws for buildings three or more stories don’t apply here. Our HOA has kept all reserves fully funded for the years I’ve been here. These are the types of Florida condos that people will be interested in buying. I have hurricane-protected window and door openings, which creates a large wind mitigation discount. My condo insurance for a 2 BR 2BA 900 square foot condo is a bit over $1200 annually. I shopped and switched the insurance this year and the premium stayed nearly the same as last year. Monthly HOA is $525. There are appropriate condos to buy for reasonable costs if you look long and hard enough. We are about six miles from the Atlantic Ocean and its beaches in Palm Beach County.
    1
  60843. bro the traffic in fl aint touching cali. one of the reasons i left 10 years ago. its awful.
    1
  60844. Hello again Michael ,just want to let you know of a couple of channels i watch on this platform that might interest you , first is PensionCraft , this drills down into worldwide property situations mainly in the Anglosphere countries , also Neil McCoy-ward, who also does economic outlooks and whats going on with the world in general, latest video looks at property and related topics, Neil lives in the lovely Isle of Man with his American wife :}
    1
  60845. There is no view and not even on the water
    1
  60846. I am in West Palm (palm beach county)....you have to make an appt online to get into dmv....ridiculous!
    1
  60847. Yes, everything is going through the roof. As the WEF says “we’ll own nothing and be happy” and this is how they plan to carry out their evil.
    1
  60848. When are the American people going to revolt against this corrupt and evil Government?
    1
  60849. That's exactly it. I'm only 1.30 into the video, and so what have we got here, an insurance scam? But to provide some reality on everything, it's not up to emergency services to provide essentials like water and food. That's for the Federal govt. My goodness, you need to get the corporates and government under control on behalf of the masses. Note from Australia, who is almost your 51 state.
    1
  60850. Lmao no.. I just stepped down as President for 40 units, no amenities. Why did I step up? Lazy members let the previous President run the show and 75k disappeared over a lawsuit he wanted to win. One large storm & claim later and our insurance cancelled, no updates for 2 decades and roofs shot. I worked my butt of setting the ship to rights but was ALWAYS the bad guy to…the LAZY members. I painted our speed bumps and did so many little things because we were broke- it’s ALWAYS someone else’s job to the squeaky wheels but it’s the memberships fault if they don’t hold the Board to their job or step up themselves 😂
    1
  60851. The '08 decline took 4+ years, we're not there yet.
    1
  60852. Another major issue with EV's is tens of millions of new EV's on the road will put a major strain on the nations electrical grid. Unless grid capacity is increased by a large amount to account for this reality, rolling blackouts will increasingly be part of our future and not just for the brief periods of high electrical demand. The future of EV batteries is in Sodium-Ion technology which charges faster, has more charge capacity, and most importantly is much more stable than Li-Ion batteries. The only drawback is the amount of charges before the battery dies which makes them unfeasible in EV's. However from what i've read though this issue has been solved so expect this technology to become the preferred mode of charging EV's within the next 20 yrs or so.
    1
  60853. Michael, About our so-called leaders paying off some people's student loan debt --- I read that it's being done - so that they have built-in voters. Have u noticed, they take a very small segment of people --- give them lots of money, free housing, free food, free medical/dental ---- and, bingo, they get more votes? They take from the majority of poor and middle-class and give freely to others - who are not deserving. Inflation is when the majority of Americans can't pay their cell phone bills and utility bills - and are shopping at the Dollar Stores (which isn't a dollar anymore.) While the people at the top are building mansions in several cities, buying expensive furniture, driving $100,000 vehicles, and are totally disconnected from real life --- because they're "entitled.". Thanks for your great videos -- You speak very clearly - I have a bit of a hearing problem -- and I appreciate all your hard work. Now I have to take my little lhasa for a walk. I'm in southern California - where the weather is gorgeous - every day!!!!
    1
  60854. I remember 18% RATES...?
    1
  60855. i have noticed as you walk. it looks like you are walking in place and someone is dragging you around on a cart, lol like a 1950's movie,
    1
  60856. I totally understand the frustration with illegal immigrants, but at the same time I also understand folks that came over at young age and didn't know better. I'm an American but my family is from Mexico. I to share the love for Mexico. My parents came to the USA in 1988. They worked in chicken houses. They would pick eggs from 6am to 6pm seven days a week. Could they have come to the United States with a visa? I'm sure they could have, but they didn't. All my mom and dad want is a DL to drive without fear. Not all Immigrants are drug lords or feeding off the government.
    1
  60857. Wow! Great insights into the housing market and the economy.
    1
  60858. FL high rise condos serious risk due to elements (seaside, rust, deterioration, etc....) high structural safety and investment risk...! You have n control over HOA and if they have adequate reserves. It's for the birds.
    1
  60859. You need an umbrella 🌂 👒. Like your outside walks. Keep it up.
    1
  60860. These neighborhoods are expensive.
    1
  60861. Childcare for me is closer to $1,600 a month
    1
  60862. Cool video
    1
  60863. When govt wants to increase employment #'s they just hire more federal workers - good for votes whe the opposition is calling for shrinking size of govt
    1
  60864. Add me to list of folks hoping for a housing crash. Not really sure if it will happen though.
    1
  60865. Thank you for sharing! We plan to purchase next Spring.
    1
  60866. Investors definitely buy up large amounts of properties in southern cali. I am in Anaheim (near disneyland) and at least 6 homes we offered on are sitting empty. Like you said, they seem to focus on lower priced homes that they can fix up and rent. Oh wel.
    1
  60867.  @MichaelBordenaro  Yes multiple big & small companies have went out of business. One of the most relevant one is YRC that was union, due to poor management & multiple bail outs they went out a couple of months ago. The most common are small independent ones rates are in the toilet. The housing crisis here in California isn’t better, I stay in the S.F Bay Area & affordability isn’t visible.
    1
  60868. Let me drop a hint doesn't matter who is president. The recession/depression is baked in the cake. Shows how ignorant the average American is.
    1
  60869.  @MichaelBordenaro  I believe many people waited because of the Idea of being able to buy a home for cheap through a 2008 style foreclosure.
    1
  60870. San Francisco downtown is 99% Empty almost all Retail is closed permanently Real Estate is in for the Ride of its life💀 There’s not that many Booming towns in America she’s Sort of lost her glitter ✨
    1
  60871. Min 20:37. ... You are right, making videos is not for everybody because not everybody has the confidence to speak in front of the camera and also a good voice. We all have different talents...
    1
  60872. The Cocaine Condo's built in the 80's 90's
    1
  60873. Hoa = Hell no
    1
  60874. I hope you brought your "Glad Rags" to wear for the wedding! I'd probably have to borrow something....
    1
  60875. This is the Florida Property Tax Law & in other States, forever in Years!!! You have to Pay the "Tax Man" First!!! After 3 years of not paying your property tax; it goes up for Sale by your county. You lose your property!!!!
    1
  60876. The government messed up the housing market so tax credits to get sellers off the fence I think is a good idea. We need inventory to get these prices back to tend. Let’s face it all the FOMO buyers that pushed prices out of trend, market needs to adjust. It only makes sense.
    1
  60877. Great recap/summary. We appreciate your timely, detailed, well thought-out, data-driven reports!!! The smart money on the sideline know the time to pounce will be: This Winter when a slew of financial dominos will finally fall over!!! This Winter will be the BIG REVEAL about all of the lies, hidden/suppressed/manipulated housing data. Have your money ready .....HUGE HUGE BARGAINS COMING!!!!
    1
  60878. Bingo again. In the last five days I have had five (5) lanlords come to me asking about notices of filing of petitions in bankruptcy. That's more than in the previous year. Feels like 2008-2009 all over again. How long until the FOMO buyers, laid off and under water, start into the cycle of Chapter 13 to try to hang on, while their incomes adjust to qualify to convert to a no asset chapter 7? There is no HAMP 1 or HAMP 2 to rescue them. They are headed for the abyss which truly does feel like 2008-2009. I just hope the top end buyers had the good sense to pay off their student loans while running up the cards and not paying the mortgage (there is a filthy dirty perfectly legal strategy here).
    1
  60879. Following for next video
    1
  60880. we will see much lower prices then 2019 .......if there is not buyers and interest rates go up enough you will see s2013 prices
    1
  60881. The executive order is bs. Let capitalism do its thing.
    1
  60882. Michael "Vogue" Bordenaro
    1
  60883. Austin City Limits prices are still inflated but lower than a year ago. The waiting should be further out than now. Maybe 2024.
    1
  60884. also do not agree with tax incentive. all it does is bail people out that made bad decisions and give them an out. then people like myself who did not overextend themselves are forced into overpriced homes. bottom of 2008 crash was 2012 not 2010 so there is still years left in this crash if they just leave it alone it will correct. plenty of single family rental inventory much of which is overpriced and will be on distressed home sale market soon enough! people just have to make sacrifices in their living situation for a few years to come out on top in the end!
    1
  60885. Bingo Statistics can be so misleading. Yes, spending is up because of inflation. And yes, 10 or 12 percent is what is needed.
    1
  60886. I read a bill has been introduced to both the house and senate making it illegal for hedge funds to own single family homes
    1
  60887. I spent 25 years in the medical field. A lot of healthcare workers don't save. They know that when they need care, the system will quickly deplete their savings. They also know that once the funds are depleted, state medicaid programs step in to continue to pay for the care.
    1
  60888. You know you can sue the City lol my buddy had a similar issue happen to happen little to no injury and got paid out. Best part is you got it on camera.
    1
  60889. im going there for m birthday im so happy pls wish me a happy birthday if u going there in august 16 im wearing a red top belly shirt and im wearing a pokedot bottom
    1
  60890. Just came across this video and love how real you keep it! Thank you!!
    1
  60891. there is a 26k year cycle coming and weather is reminding us
    1
  60892. Unfortunately, the decades of stagnant wages, exploitation, manipulation and enslavement of employees proves just how money hungry these wealth hoarding monster corporations truly are. Their greed is insatiable. The more profits these corporations make off the backs of hard working employees, the hungrier they grow, never to be satisfied. They’re pathetic. As a family of retirees, we’re so grateful for all our blessings. We happily live comfortably having the cash to buy what we need when we need it. Retirement is good. Praying and keeping our savior Lord Jesus Christ close. Be safe and God bless.
    1
  60893. There’s so much debt in the system, from the US, to China, to Africa and every developing economies.
    1
  60894. Michael, that's a beautiful area you're walking in today! I might have to visit the state again. I was there in Orlando at Universal Studios (Party) and Disney World (Tech Conference) in 1999. I played golf at the Falcon Fire Golf Resort. It was a beautiful place. That was the one and only time I played golf. I decided I better stick with tennis. Now, I can't even play that anymore due to age. 😁
    1
  60895. Right on! Congrats on 100k Michael.
    1
  60896. Well thank God that Florida has a great Governor that still believes in Freedom and doesn't shut people down
    1
  60897. Thanks for the video on the Miami Condo's. With the buying market still adjusting (lower) in SE FL. Condo market, would you look to rent this year?
    1
  60898. Day late ❤
    1
  60899. Yes but it would take a long time (sellers are stubborn). Years, maybe decades. Can the economy sustain "high" interest rates that long?
    1
  60900. Owning a home shouldn't be this expensive... this is slavery! Inflation is theft by the top 5%
    1
  60901. Congratulations 🎉🎉 5 years are wonderful
    1
  60902. I think they will allow Trump to become president once again because they need a fall guy when they collapse the economy. The ponzi economy is a house of cards on the verge of collapse already and they are just waiting on the right time.
    1
  60903. Thank God, Mrs. AMERICA RETURNS.
    1
  60904. Another good one Michael 🎉
    1
  60905. California doesn’t have anything on Miami with respect to crazy home prices.
    1
  60906. I actually enjoy your mellow and honest approach Michael..thank you
    1
  60907. I can't understand how people can't see that we are going to see a complete collapse in the price of houses , my God a million dollars plus for a small house that you'll never be able to pay off the writing is on the wall , just wait a year or two there will be houses for sale everywhere for pennies on the dollar
    1
  60908. nice, I bought my house for 60k so they could buy my whole block for the cost of two month rent. To each their own I guess.
    1
  60909. Ours is water sewage and trash, it was $40 when we moved to FL in May, but it just went up to $70 a month with price of gas/inflation. Our electric is around $300/mo (2100 sq feet house). Our home owners insurance is $1500/yr.
    1
  60910. Boynton Beach, FL in the house!!
    1
  60911. I heard yesterday that Walmart is getting into house insurance and car insurance supposedly working with another insurance carrier
    1
  60912. In 1982, I got a 30 year mortgage at 16%.....yes 16.
    1
  60913. TIME TO UPDATE THIS !!!
    1
  60914. didnt need proof to see with my eyes
    1
  60915. What would happen in states where dual agency is illegal? I live in one of those states...
    1
  60916. I still don't see how the stimulus help on that i had to pay it all back when I did my taxes and more🤔It didn't help me at all😏
    1
  60917. Gain equity on your home at the same speed as bailing out the Pacific with a Dixie cup.
    1
  60918. You should have asked the guy why he was selling?
    1
  60919. miichael is rockin"
    1
  60920. 1k like
    1
  60921. When you sign up for a student loan, the financial aid department forces you to attend a class that will explain the loan and what you’re getting yourself into.
    1
  60922. Need inventory badly!
    1
  60923. There are a lot of copy cats on YouTube, I won't name names. You are the best. I look forward to your next video.
    1
  60924. I know nothing about how to crowd fund the purchase of your Camaro for your buddy with the fabulous hair but, I believe in my soul that they were meant for each other. I went to school in Rhode Island in the 90’s, so I’m familiar with the look of high hair in a Camaro. Somebody make this happen. 🙏🏼🌴🐈🐈🐈🌴🏴‍☠️
    1
  60925. Maybe congress should pass bills and create laws sanctioning restrictions on foreign and corporate investors.
    1
  60926. That's not true. If there was a forclosure, it wipes out all liens behind it.
    1
  60927. Election year. All the stories will change post election.
    1
  60928. 🤴Mike you look so much better without the glasses,kind of like Superman without the glasses.Yeah,I know superman is always clean shaved but it's about the Aura😇.🤴Mike B. The Son shines on cloudy days and your voice is golden soothing😁. I thought you were Money GP$ brother but I picked up his book I bought 4 years ago and his name is David Q. Also by you walking on Miami beach you remind the song of Sting:"An Italian in Miami-Beach",oh no I'm breaking bad Miami vice:"An American playa' in Acapulco". Peace!
    1
  60929. Journeyman lineman for Power Companies, big money
    1
  60930. Wow, no tank top??
    1
  60931. Whattup RLP
    1
  60932. I believe the Wall street bailout has never been paid back yet.
    1
  60933. What a beautiful beach. Cheers
    1
  60934. ❤❤.
    1
  60935.  @MichaelBordenaro  Shocking 😂😂😂
    1
  60936. Aren,t all those new big buildings in downtown Miami for South Americans? Are big banks moving from New York?
    1
  60937. I can't help but think how much time and money I would have saved if You Tube, well, really specific information like you provide here, existed in the '80's when I started out with my first home purchase. I am also glad to see sources such as mentioned here, and Redfin, putting out realistic forecasts and advice about the possible market conditions now and in the next several years.
    1
  60938. I love your videos because they validate everything I have been saying and seeing within the housing market!! Lol (And they make sense 😊)
    1
  60939. So I don't get it if Tik-Tok is so bad why don't we just invent our own Tik-Tok verison 😮😊 it's just a bunch of people doing short reels of thing I don't get it maybe I don't entirely understand why we have to use Tik-Tok from China when we can just as well make one ourselves
    1
  60940. OMG, I have so much to say in response to what you said...first of all, I am glad that you appreciate where you live and your home. Nothing wrong with taking comfort in the familiar. Too many people feel that unless you are out traveling or exploring all of the time, you are not sophisticated. There is a real wisdom in appreciating and being content with where you are...provided you feel safe there. Also, my brother-in-law is in commercial real estate in Atlanta...his company even has properties in Miami. He is down there often. Anyway, my sister told me yesterday that life for them is super expensive these days, with two kids in expensive colleges, spending way more than they should, and him being straight commission, and the market softening. She is trying to work more, to help pick up the slack. That is a tough situation to be in. Also...my husband has gotten to where he basically only buys groceries at Walmart, as there is one right down the road from us. There is a grocery store in the same area as the Walmart, and when he does go to the grocery store once in a great while, he comes home complaining about how much higher the same items are at the grocery store than at Walmart. Pretty crazy! That percentage of grocery sales at Walmart totally makes sense though!
    1
  60941. When I saw the title I thought your channel was hacked 😂
    1
  60942. Sweet Mesa rig🤘😜🤘
    1
  60943. The whole point of an appraisal is to protect the lender incase of default. They want to make sure the the assets value is equal to the loan amount. If it come in too high well good for you, you just walked into some equity BUT if it come in lower then you got 2 options my guy. Either negotiate a lower price or put up a larger down payment. I suggest option 1 why? Because of negative equity! If by chance you had to sell the home you wouldn’t be able to because you’d owe more than the home is worth.
    1
  60944. next time you sell a house... offer 10% buyers fee to whomever brings their client and closes. then just stick to your bottom line and have them convince the buyers of signing a deal where it's worth a lot (+10%) to the agent personally. I'm just saying, put no cap. hell, split the difference with them above 3%. they have to have ethics. you don't. if you want 300k, who cares if the buyers agent makes 50k? close for 350k, you got a deal.
    1
  60945. I always use coupons, buy store brands, etc. I can afford to spend more, but why? I can buy stocks and T-bill and T-bonds with the savings.
    1
  60946. Who wants an SFH or TH for a few day's stay? It would cost thousands. I always prefer a hotel.
    1
  60947. Probably need business car ins for your door dash and 🍕 pizza delivery
    1
  60948. Opendoor was a great tip to go short on thanks Michael
    1
  60949. Hi Mike, Have a good day 😊
    1
  60950. Michael is back down to earth in this video. All other areas and Miami are unreal, and at some point, reality will set in, or the entire areas will be rapture to some where unknown.
    1
  60951. You mean: "Take Now, Pay Later". (LOL)
    1
  60952. Another reason why I, "love L.A.". Let's all move there. Yah!!
    1
  60953. I want to buy a moblie home in the tampa area. I seen the prices of them coming down with longer days on the market. Buy the lot rent is going up. And insurance rates are higher I would say. Florida is great but not right now. Love the videos and the great 411.
    1
  60954. Great vid packed full of info! 👍
    1
  60955. I would agree. I know California is very beautiful but it’s not worth a bang for the buck! the houses that you were showing us. You can move pretty much anywhere else other than Florida and get those houses for $200,000 to $400,000 all day long there’s a problem..!
    1
  60956. When it goes for 2,500 I'm your man 🍷
    1
  60957. It’s sad people actually believe the government and everything they say
    1
  60958. It’s time to ban hedge funds and foreign investors from buying up residential real estate. Hedge funds add nothing of value, they just ruin everything for everyone else.
    1
  60959. Great job covering hard topics
    1
  60960. The people of Portland OR are reaping the rewards ( sarcasm ) of their hippy liberal actions by voting these "leaders" into office. I knew a family of 7, 2 parents, 5 kids ranging from baby to 18 years old, who have fled the city and moved into the country because it was unbearable to stay there. Unfortunately Seattle area has the same problem. I haven't been in downtown for years now. Too much crime everywhere. They keep letting even murderers go free because the assailants have more rights than the victims around here. So every time I hear people from other states wanting to move to Seattle, I always have to caution them to stay far, far away if they value their and their families' lives and the safety of their property. And if you move, do not leave your UHaul truck unattended even for a second. They get stolen or robbed on the regular. When I see the listings for the several million dollar high rise luxury homes in Seattle, I always think, good luck with that. I would not live there if they handed me the keys for free. Just like you said Michael.
    1
  60961. I am a West Coast of Florida resident and retired from the property and casualty industry. Florida HO insurance is mess. The "pup" companies formed by the state legislators are going belly up. They were rated by Demotech, not A M Best. Thousands of homeowners are being forced into Citizens, the State owned insuror of last resort. There are three AM Best rated companies writing new Homeowners poilices in Florida: Farmers, Auto Club through AAA, and Hartford through the Nutmeg Agency(Conn is the Nutmeg State). Good luck. I'm lucky I have lifetime renewal. This year the coverage went up 8% and the premium went up 4%
    1
  60962. Keep up the good work. Wow. Thanks for the trip down memory lane...."Layaway" delayed gratification 👍😁. That's a good thing.
    1
  60963. Just think if we only had ev's and the internal combustion engine was just invented. Which one would you drive?
    1
  60964. It's 79° in northern Michigan today
    1
  60965. if u add rate buy down to effective new home sales price the avg new home price sold is now over 20% from peak see wolfstreet it was the talk in pulte homes earnings call 30 yr permanent rate buy down cost 6.3% of new avg home sales price
    1
  60966. You guys hook up with. I allegedly
    1
  60967. Very informative. DP3, DP1 policy is the way to go.
    1
  60968. Thats a positive no for me!
    1
  60969. About 7 months too late and they were warned.
    1
  60970. With $1.5 million you can easily receive $15,000 per month in dividends. That will get you 2 seconds in the restroom in that way overpriced house.
    1
  60971. Depends on where you are at. Highs will be 40%.
    1
  60972. I am calling your cutaways "brain breaks". really relaxing.
    1
  60973. Michael thanks for calling out the snowflakes... but don't forget about the buttercups to😅😂
    1
  60974. We're riding with ya.
    1
  60975. 👍4:30
    1
  60976. Good. That makes Florida more desirable.
    1
  60977. How did the PEs compare from 40 years ago? Even if the rates were much higher, the houses were so much cheaper. Did it even out?
    1
  60978. 23:45 eyesore
    1
  60979. You are correct. We saw this in 2007 -2010n. I begged my daughter not to buy a house in 2007. They were newly married and said "the prices will never come down." 2009, the value of that house had dropped 50%.
    1
  60980. They need to ban foreign investment in residential housing all over the world.
    1
  60981. Wow, nice views of canals and that was a beautiful large tree with the orange blossoms you went under.
    1
  60982. "Wanting something from nothing". You mean like paying outrageous and unconstitutional taxes? Id be more worried about all the government spending in random things, lining their pockets, funding bs wars, and crushing our economy over our student loans. Being out of touch with the lower classes doesnt justify your views on these things. You and many others just have this boomer need to point the blame at your fellow americans rather than the super obvious corruption going on. If we can get our student loans forgiven, then thats at least ONE thing that us as americans can benefit on. Everything else that the government is spending printed money on? We get nothing. So whatever.
    1
  60983. I read a case in Illinois ruled sellers dont have to pay both commissions.
    1
  60984. I can afford a home if price cuts 30% regardless of interest rates. Rates will go down, not sold prices!
    1
  60985. My son put $45,000 in solar panels on his roof . He saves about $200 to $250.00 a month . Doesn't really seem worth it to me but he thought it was a good idea 💡. My father-in-law installed a natural gas powered generator on the back of his house in the backyard ,looks like an air conditioner . The natural gas generator makes enough electricity to power the whole house and as you know natural gas is cheaper than electricity 😂. It wasn't really that much I think it was like $8,000 to have it installed . They are coming out with some really good windmills to me that's even better yet than solar and they're not that much money 💰. If you live in a windy area that might be the best thing . For me I haven't done anything I just suck it up and pay the bill and pretend not to cry 😢 lol
    1
  60986. Hi Michael 🥰 what does it mean to open door or window in real estate? If am not making sense you talked about it in this video. Thank you again Michael for the update 🥰
    1
  60987. Wall Street and any real estate company’s are just scammers which proves it when Michael talks the headlines.
    1
  60988. Can you discuss the insurance companies "reinsurance companies"
    1
  60989. Starting at 8:11. You are ABSOLUTELY correct. But how many people will actually internalize and not dismiss this is a different story. As a guy in his 20s, I’d be lying if I wasn’t tempted to hop onto the “Housing is only for the rich, and we’ll be a nation of renters forever” bandwagon once in a while, but I’m just not convinced that that’s actually going to be the reality. If EVERYWHERE in America becomes only affordable to the rich, then, well, you thought 2008 was bad, what happens will make that look like a cakewalk. Additionally, once the supply chain gets back to normal, lumber and steel prices will also normalize, making building a home cheaper than it is now. Thoughts?
    1
  60990. No tears for the greedy lemmings jumping on the airbnb train.
    1
  60991. we shouldn't sell to China!
    1
  60992. Concur!
    1
  60993. Not all the wealth lost in the stock market is fake because if you start buying stock with your save money this year and keep buying the deep, all your loses has come from your own pocket. At this time is not worth selling when you have lost half of all your original investment
    1
  60994. No EV for me
    1
  60995. Great video.
    1
  60996. you got it
    1
  60997. Unbelievable that her realtor told her that double whammy. To overextend herself & to assume she can refinance lower. I hear a lot of realtors giving this advice on fb lately. Things aren't looking good in this economy & people need to really look into what they're getting themselves into with these higher interest loans.
    1
  60998. I just got home from visiting family in Naples and didn’t see a lot of listings. The market is still strong in Naples and Marco Island area.
    1
  60999. Wow!!! I can't imagine paying that much of a mortgage!! Ours is $1000. Those Property Taxes are crazy high! Oklahoma is so much more economical in so many ways!!
    1
  61000. 100% doom and gloom!
    1
  61001. The Eviction Moratorium in Cali is basically the government seizing private property. It's why wars are fought.
    1
  61002. They said that about our millennial generation lol
    1
  61003. I'm confused. Everybody paid super inflated prices at super low interest. They cant sell if their value goes down[in most cases]. You marry the price, you date the interest rate.[Realtor® BS slogan]
    1
  61004. I don't believe"They". They have to lie & keep the numbers juiced up. It benefits them. I live in a larger town in Montana. It's definitely busy here. But that's because of all the wealthy out of Staters that have moved in here. Escaping their former cesspools. Major college football game this last weekend here. The stores we're busy. But from what I observed most people were paying with credit cards.
    1
  61005. We really enjoy your father's outlook his opinion we really value especially for the senior citizens he brought a lot of things up we weren't even aware of and we think him for that we really enjoy listening to your father. We were unaware of this Section 8 thing that's happening this is new to us it seems like they're trying to put the senior citizens out in the street the ones that own homes can't afford it
    1
  61006. Agree will not be looking at renting out ever
    1
  61007. Helocs can be called in by the bank at any time!
    1
  61008. That looks like a great neighborhood you're walking through. My question is where is the water where is the beach around that neighborhoodq It's february in new hampshire and i'm jealous
    1
  61009. Mike has guitar skills RIGHT NOW!
    1
  61010. Thank you for sharing all your info. It helps people so much. I live in Arizona and big changes have happened her in the past two years and I am sure more to come! I lost my home in 2016 and renting as of now, but the rent is high. I have to tell you where I live as of October 1st 2021 WALMART was already starting Black Friday!! LOL I was shocked to see this, as I never saw this before? My inner voice told me that they needed to do this to get "Sales" and get rid of stock that is not moving.
    1
  61011. Looking forward to the travel series this summer ❤
    1
  61012. I would hide from that sun. You will look like an old man sooner than you wish by letting your skin being irradiated.
    1
  61013. Wow one Hell of an of eye opener. IF ONE cannot acquire basic home insurance, what is the point of investing in your state.
    1
  61014. That guy complaining about his bills needs to be financially educated.
    1
  61015. The house prices you showed were INSANE.
    1
  61016. The media lies!! Thank you for the deep dives and examples of a failing housing market
    1
  61017. I think there's a huge percentage of people in Florida who do not have auto insurance.
    1
  61018. the system is corrupt, most people are willingly going along with it
    1
  61019. Yep. It's my turn. Just paid off my house and wife's car. No credit card debt either. Just sold my 42 acre farm too. I am now debt free with a large cash reserve. 25 years in the making, but I finally made it. I will just stay put. No need for a new house. Me and the wife are heading to Barcelona Spain, The Algarve, Lisbon and Porto in Portugal and Limoge France to check it out. See you on the flip side. Time to enjoy the fruits of my labor.
    1
  61020. Love your channel! I’m a local Public Adjuster in Miami, what the insurance company’s are doing rn is giant scam!!! They raise your prices regardless if you open a claim or not. Then they deny your legitimate claim and wait as long as possible to not pay you a dime. Now they’re starting the “Manage to Repair Program” where they cap all water damages at 10K or they can hire their own contractors to give you “15K” worth of work. So now you can’t pick who does the work for you in your own damn house… they’re stripping away the rights of homeowners and charging them a premium for it. What’s funny is the insurance company’s are currently playing the victim and asking the State for billions in relief. Where’s all the damn money they’ve been collecting over the years??? Especially when they’ve been denying a majority of homeowners claims… 😵‍💫
    1
  61021. I believe the insurance lingo for the hoa insurance owners have to pay for is termed as "wall in" ( covers only what's inside the walls to the unfinidhed drywall. or "wall out" which covers all the stuff outside the wslls, like cabinets and painting.
    1
  61022. EV cars are subsidized more than 50% by the government. Basically it costs the manufacturer zero to make it and ship/store it anywhere in the USA. They make their money on sales. BTW DOE also pays for those charging stations. In D.C. they see this as an infrastructure project.
    1
  61023. If you are a realtor and post a comment comment please state you are a realtor 1st, we can't see your lips
    1
  61024. I HAVE A PAID OFF HOUSE, AND IM PLANNING TO BUY A 55 YEARS AND OLD APT. 20% DOWN. PAY OF EVERYTHING IN 1 YEAR. DO YOU THINK NOW ISTIME TO DO IT?
    1
  61025. Two honest Americans right here - that's a rarity in the media these days...
    1
  61026. I am quite the YouTube veteran and I say you are the best!
    1
  61027. Building Integrity has a great in depth video on that building falling btw
    1
  61028. Tell it how it is man, this country is financially and morally bankrupt.
    1
  61029. Yeah, put some makeup on 💋, wear sexy boots 👢 and go make some money on the side to pay your mortgage 🤔
    1
  61030. Let’s be real.. anyone who thought open door was going to give you top dollar doesn’t have common sense. Offered me $150k less than I sold for on mls.
    1
  61031. Hey Brother, Wonderful content. Thank you the information.
    1
  61032. You should come to Boston Mike. We don't have all of these problems you talk about. If you want to live in peace move to a peaceful place.
    1
  61033. Try Florida Farm Bureau. Sunrise Florida, Ray Palheghi is the agent.
    1
  61034. Good video, your 100% correct but this administration just don't care!
    1
  61035. Thanks!
    1
  61036. LMAO. You earned that shirt. As the kids say "No Cap".
    1
  61037. Thank you for the daily information!
    1
  61038. And the White House says the border is secure 🙄 I don’t know how they except border states to take 1000 people a day when New York can’t even take 10,000
    1
  61039. Love your videos and your haircut looks great!
    1
  61040. Please read and study The Philosophy of Nietzsche, and give it some thought.
    1
  61041. Hello
    1
  61042. 🎉🎉🎉 Hey 👋🏼 Michael 🎉 I think that I will pop a bottle of champagne 🍾 for your success when you get to 150,K SUBSCRIBERS 🎉🎊🍾🎈🔥🔥🔥🔥🔥🔥❗️ I still can’t believe how fast your channel is growing and I’m happy to be part of that by following you for so long. Keep on filming and I’ll keep on watching. Blessings,Carlos ✝️🙏❤️😊🇺🇸 BTW, Please tell Lisi that I say HI 👋🏼.
    1
  61043. Thanks!
    1
  61044.  @MichaelBordenaro  great content Michael admire the integrity. You can lead the horse to water as they say
    1
  61045. where is my guuuubermint check?
    1
  61046. Sup Nick!
    1
  61047. If you get to San Diego look up Woody Henderson. He helped me sell my dads place and was an incredible Realtor who understands what current market is.
    1
  61048. You do a great job sir
    1
  61049. A "master lease" with an "option to buy" gives you possession, right to sublet, and locked-in price, so the appreciation is yours. People are crushing Airbnb in Mexico with this model, without all of the headaches of government overreach. If the situation goes wrong for you, then mail back the keys.
    1
  61050. You are absolutely right. I am 59 years old this year. I started to enjoy my retirement life when I was 36. Fortunately, when I was young, someone also reminded me of these behaviors that I should not follow the trend, so I did not waste money on these aspects. It is best to make more friends with older people when you are young. They have rich life experiences. Listen to them with an open mind, so that you can avoid many problems.
    1
  61051. Can you do one for Brickell ..about the lifestyle and cost of living, Brickell seems more Manhattan like , then south beach.
    1
  61052. Happy Birthday Michael ❤️🎂🎈🤩
    1
  61053. This video is not sponsored by Johnny Walker, but he still keeps walking.
    1
  61054. California does not care....all about $$$$$$
    1
  61055. Michael, If high school and college students would put into practice the advice you have proffered here - they would be miles ahead of their contemporaries in the coming years. My command and control of my own finances have loosely followed the items you have laid out with only a few differences to fit my particular situation. My accumulation of debt free/income producing homes ( 3 ) and especially land ( over 60,000 acres in 4 countries ) has been astounding even to me. The only thing I would add to your list is 1) Don't buy personal items that you don't have the "discretionary" cash to pay for. 2) When buying investment homes or land, look for the intrinsic value, if it can't at least carry its own debt, don't buy it. 3) Before pulling the trigger on any big purchase, RESEARCH-RESEARCH-RESEARCH. Historically, I have passed on 9 out of 10 deals I have considered. Great video.
    1
  61056. Difference between 2008 and today is that people are underwater with there homes. There asking big money but the homes aren’t worth it and the realtors are pumping it up
    1
  61057. Was that bumblebee? 🐝 🤖
    1
  61058. Saving money yeah ok that’s a joke right
    1
  61059. They just looking extremely dumb for doing that. Meaning the high expectations on such crappie property.
    1
  61060. Really enjoying your boots on the ground Mike. Everything here in New Zealand is happening before our eyes. So many flippers here are in trouble our mortgages are generally taken in 1,2 or 3 year fixed rates which are now coming off 3 % rates to 7 to 8 %. Our central bank follow yours and are mandated at a 2% average inflation which currently runs at about 8% but is for essentials more like 15%. A simple change like Sleepy Joe replenishing the tens of millions of $40 barrels of oil he stole from your strategic reserves and buts back at $90 a barrel will assist in boosting our oil prices adding to our inflation which push’s rates further while our authoritarian government spend like drunken sailors with their irrational fiscal policy completely against central bank monetary policy. Not long at all Mike great video mate very pleased we found you 🤙
    1
  61061. Good video something Different. U shaved more Don like and Happy birthday Lisi.Both Keep Walking..😁😁😁
    1
  61062. I think the states need to protect themselves since the Federal government won't. China doesn't need to be buying our agricultural land or the land near military bases.
    1
  61063. Happy Birthday Lisi! You picked a beautiful place for a getaway.
    1
  61064. Florida will crash, is inevitable. inflated and fake.
    1
  61065. Nice beach... very quiet
    1
  61066. ❤
    1
  61067. Greetings from France. I like your videos. France is in a bubble too. I'm going to wait instead of bankrupting myself. Greed is destroying everything. Thank you for your job.
    1
  61068. Glasses or not Michael, it doesn't matter. You are awesome and so is your content. It's appreciated.
    1
  61069. Don't buy a condo in a high rise. Less expenses.
    1
  61070. from Maine again: Coming from a rural mentality, bartering is the only way we can avoid the disfunction of the robotics of government… bartering and its attendant underground advantage. Maybe we could temporarily rent the house that we are selling with an agreement that a huge percentage of the rent would go toward purchase if the buyer fully intends to live there and make it home, i.e. if the person buying shows evidence of not being a flipper or a deep pocketed Investor. I’m still not making it possible with the suggestion, but almost. We’re all thinking about this with you, Michael it’s such a good idea. We’re trying to come up with at least one solution maybe many. Thanks for prompting this discussion.
    1
  61071. Look....there is no such thing as retirement but there is opportunities to do mild work....like I want to buy apartment buildings and have a management system in place that takes little work....I could never do nothing but I do want to take Delia and I on trips and take our kids and thier kids out to say Disney World....
    1
  61072. Former metal head, your jam is awesome! Were you in a metal band before becoming a real estate agent?
    1
  61073. Hi Michael. Completely irrelevant to the subject 😅but may I ask which camera stick do you use? Thank you 🙏
    1
  61074. 20% hahaha. I’m worth 32 million and it is coming down more than 20%. Petro dollar is gone, welfare hopefully will end because of it. We are fighting Russia because of the petro dollar but it is too late and Russia will also win that war and gain a lot of land. Russia already selling oil not using the petro dollar and china just signed with Saudi Arabia. 22 countries already applying for the brics $. USA cheap money is gone and thank God.
    1
  61075. The first rate cut will usher in the “official “ recession
    1
  61076. Preach bro!!!!
    1
  61077. Great video! found out about your channel from following Reventure Consulting and the collaborations you guys have done! Great Stuff! I'm curious could you do a video that focuses on the inventory that's going to result from the Birth Dearth (Ben Wattenberg) you mentioned the deaths out pacing the births. What are you seeing with that trend from a national perspective and how that will impact the economy and the housing market. I'm 35 and do not have kids as well am getting married this year. We want to have kids at some point, but are being strategic and waiting until we get to a point we can actually afford it. Would definitely appreciate if you could address that issue in a video, if possible. Thanks!
    1
  61078. Thank you
    1
  61079. The santander analist is right. I think we wont see considerable rate cuts or any until someone is in office and the pupet masters know who they have in office. Plus, if rates go down it is only to catch up with a downward pattern on the dollar index to prevent from falling too fast. Ij other words: lets get ready for aome pIn in the general economy before it looks brighter. 🐒
    1
  61080. I just got a 7 year on my Dodge Challenger.
    1
  61081. Thanks!
    1
  61082. Micheal Don't Banks and Home Owners Associations do the same thing it's my understanding they do. They take your house away you lose.
    1
  61083. I just want one child. People should start having one child. What do you guys think? You should be able to have a house and retire
    1
  61084.  @MichaelBordenaro  I was a housing executive in 2008 building 10,000 new homes per year. The real difference this time is the economic expansion came after the housing crash with Helicopter Ben, but this time we will get the Paul Volcker treatment. Tough Love! Home owners will be walking away from upside down mortgages all over Florida starting Q1 2023. Rents will also go down due to massive inventory of new homes and apartments coming available at the same time.
    1
  61085.  @MichaelBordenaro  my taxes increased $50 a month..so I raised rent $45 a month
    1
  61086. So, do you have any suggestions as to what we should do with our money. I have about half in a brokerage account. Do I cash it all in or move it?
    1
  61087. Great divorce advice!
    1
  61088. This just proves that this is a HUGE SCAM. TOTAL BS! Why ..? What reason do they even say as WHY these ridiculous increases? Any agents know? All of a sudden across the board ALL the various insuranes going up.
    1
  61089. Love you both!❤
    1
  61090. G'day young man. I'm sure you have encountered some condo associations in Florida with policies in place - cannot rent for 18 months or 2 years after purchase. As you discuss this is highly favorable to an owner occupied purchase vs an investor. The market is working, Yessir!
    1
  61091. This makes me sick. I'm retiring in a few years and want to finally own.
    1
  61092. I like your channel. my older brother lives in North Port, FloriDUH and working with Tampa Bay Rays spring training. my father and his wife are snow-birding in Kissimmee, FloriDUH. Im considering Lakeland, FloriDUH area but my fall back is The Republic of The Philippines and no WHITE KAREN's ALLOWED !!! Rep Of The Phils doesn't mess around with KAREN's or Ken's !!!
    1
  61093. Agreed. It's an arbitrary number and it's insane to be willing to put so much at risk in a politically motivated attempt get a 'win' by demanding spending cuts in a few areas. Spending should be negotiated when the annual budget comes up for review. You don't spend up to your self-imposed limit and then tell your creditors that your self-imposed limit means you are going to stop payments on what you already spent because the interest and obligations you committed to will take you over your own arbitrary limit.
    1
  61094. concur michael ... it is baghdad bob time in washington. All BS numbers from lying pols.
    1
  61095. Don't blame insurance companies. Blame fraud from people trying to get a new roof for free with a claim when it starts getting old. And blame contractors and roofers for over pricing what they are worth. A 10k roof is now 30k. Greed
    1
  61096. People make there own problems doesn't mean the us economy is gonna be worthless.Dont be a Mr look at me I'm driving a Porsche on a 90k income.
    1
  61097. Michael, my markets are AZ, FL, GA, CA and TX. In the DFW area many houses are snickered at 40% above what they were sold for or listed for in 2019, Arizona is the same, coincidently these are the two markets where institutional investors sucjed up over 30% of properties from 2020 to 2021. Renta in these areas have also increased 15% or more. Many homes are now showing $40,000+ reductions but it is still not enough.
    1
  61098. Many thanks for this valuable Info
    1
  61099. People park on the lawn in cali too michael. Have you seen the yards in cali? At least the lawn is mowed and the lawn is not made up of dog/ cat poop and any other animal poop you can think of in Florida. I've been to Florida there are lawns that need work but compared to the ones in cali even those ones look nice.
    1
  61100. Mike can you imagine Pulling Helocs and home values drop?
    1
  61101. Another day another doomsday by Michael. What a terrible way to live. Always a downer. Everyone I know is working and very happy. Sad so sad.
    1
  61102. 350K/2 =175K take home after income taxes. Now subtract school loan, mortgage, auto payments. That is why she is broke.
    1
  61103. love how much JM hates his shades 😅
    1
  61104. It's facts though. Prepare for it if anyone can anyway. And yeah I'm also independent or whatever.
    1
  61105. Nice walk guys. Hey Lisi. Happy belated birthday 🎉Vocês parece bons❤
    1
  61106. I have personally have invested in oil stocks which are up over 80% ytd. Sold my apple stock about a year ago.
    1
  61107. It seems NOT everyone will be lucky to have a lower mortgage. Remember, if you're getting a conventional mortgage and have a good credit score with 20% down. After May 1st you have been selected by the current administration to be part of the equity inclusion mortgage sharing law. Meaning, that you are now seemingly well off to the point you are required to make extra monthly payments to the government to help those with poor credit scores and no down payment. Therefore, on a $350,000 mortgage loan that was BEFORE 51/1/23 your principal & interest would have been about $1,750 - AFTER 5/1/23 that P&I payment will have increased to $3,062. Add, taxes and skyrocketed insurance premiums and you're over $4,000 per month. I'm sure people will feel good at heart every month as they make the increased mortgage payments knowing they are part of the Biden Equity Inclusion Program that will assist the 42 Million, the administration allowed to enter the US illegally. You're welcome ! It's like VP Harris said after being elected, "You get what you vote for" - Cackle cackle cackle
    1
  61108. Channel rocks. A regular guy talking economy, can't beat that. I've been sharing with friends.
    1
  61109. Cigs are gonna drop with your uncle sam talking about banning menthol
    1
  61110. wow, thank you
    1
  61111. Great content, that high edging is insane, beautiful, along those property lines, are they red robins, photinias.
    1
  61112. I know a guy that gave a dead beat renter $1500 just to move out.
    1
  61113. Naw brah u broke both your feet and I saw it... let's get this money 🤣🤣🤣
    1
  61114. Be careful with those HELOs, once the teaser rate burns off they're adjustable! Your payments could go from $1000 to $2000, $3000, who knows the skys the limit $$$$
    1
  61115. I find you worth following. I'm looking to move to FL within 1-2 years, suggestions on which part/city? I liked St. Augustine / Palm Coast
    1
  61116. if you do what i did you can buy a house I started on my road to no more financial worries when I was 35 years old. Work for yourself all profit goes to you. write off everything you can on taxes and of course under report your true income to the irs i was making about 50k a year from 1995 to 2018.Because I worked for my self the irs got about 3% of it bought house in 2000 it's paid off all my cars I paid cash for i have a boat and jet ski paid cash I have 200k in bank.I pay off my credit cards every month to avoid interest chargesI quit drinking and do not go out to restaurants or take pricey vacations no cabletv and i have a 70 dollar phone and pay 35 a month for service My internet service is 65 a month .I quit worrying about money 15 years ago it is a feeling of zero worries I collect ss now and still work..Save your money do not spend it on trendy stuff you do not need.All you need is time and discipline start now
    1
  61117. FYI. Randomly had a look and saw a house opens from 12 to 5, typically it is from 1 to 4. Anyways, I went after 4 and stayed there for half hour. Never saw any one else went. This is SFO Bay Area CA.
    1
  61118. SUN SHINE BABY🦈
    1
  61119. The most important thing in this video is that everyone should go to Culver's. :) It's the best
    1
  61120. Closed on my home sale during COVID by meeting the closing attorney in a restaurant parking lot then waiting for the wire transfer..
    1
  61121. We are in far worse shape now. Nobody wants to buy our debt now accept the Fed. At least in 08 we had China to buy our debt to keep rates in check.. Now the Fed is in far worse shape and losing credibility.
    1
  61122. You look much better wo those shades
    1
  61123. Watching the prices go down, and waiting to see what happens when staff are told to get back into the office. I foresee a lot of job changes!
    1
  61124.  @MichaelBordenaro  I understand. I guess my view is that we're living through one of the biggest dislocations in the last hundred years, at least. The pandemic magnified the number of remote workers while also shutting down the supply lines, including lumber and other materials needed to build homes, and while also locking down the workers and companies who would have built the needed new homes. It'll take some time to normalize from those outsized and concurrent issues. I just wouldn't want us to write permanent measures into law to deal with a temporary set of problems. Maybe some elements of a solution lay in some incentives to help kickstart affordable housing construction. I also very strongly agree with your assessment about the corporate takeover of the housing and rental market. We've seen it with mobile home parks, where they buy up whole parks and then jack up the lot rents. There's some economic activity that we've long regulated when in the hands of corporations (water. electricity, sewer, other essentials) and some we've outright banned private corporations from controlling (toll roads and bridges, national and state parks). Maybe there should be tight regulations associated with corporate control of the housing market. Without it, we'll see more of what you've been pointing out; big organized investment pools under corporate umbrellas effectively colluding to take over housing and charge an ever larger percentage of American's paychecks for the privilege of having a roof over their heads, while also damaging the competitive free market by unfairly competing with individuals in the housing market.
    1
  61125.  @MichaelBordenaro  I remember when you had less than 1k subs. I'm a fan because you have great insights and you communicate them well. You always offer a balanced view and you want only the best for your audience. Keep up the great work. You deserve the acclaim and success.
    1
  61126. Thank you to our host for this beautiful walk-around outdoor tour. Here in coastal SE Florida Broward-Miami-Dade, I’ve witnessed the rents increase way beyond the official inflation rate. I’m on a fixed retirement income and I’m priced out of properties which were within reach two years ago.
    1
  61127. Keep it up Michael ❤ Thanks
    1
  61128. Wow nice 👍. what a beautiful property is this one.i liked it
    1
  61129. Especially the Feds, they are not worry about spending, because they keep spending out their azz and want the poor working folks to bail them out.
    1
  61130. Do housing prices come down after a hurricane barrels through?
    1
  61131. Here’s something to watch out for: If BRICS adopts a new currency and ditches the US dollar in August, the same time student loan payments will resume, things will REALLY fall apart.
    1
  61132. Rhythm bump ❤
    1
  61133. 8:20 Another on-point message! Thank you, Michael! I’ve been renting the condo I live in for almost four years. This place is on their FIFTH property management company, since I moved in. I have witnessed a complete deterioration of facilities and grounds maintenance and management. It’s mind-blowing. Definitely a major factor in why I’m ready to move on to a SFH. This place is going down, and fast. I’m grateful I don’t own one of these units because I would likely be broke, insane, or both. The current company that holds the PM contract doesn’t even have on-site staff any longer. There is a “maintenance” person who appears, maybe once a week. Not sure what he does, other than maybe empty the dog poop station waste cans. There is garbage everywhere, the landscaping crew does an even more horrible job because there is no one on-site to keep an eye on the quality of work they are doing, the breezeways are filled with trash of all sorts. It’s a shame.
    1
  61134. Nice
    1
  61135. I am mildly interested in BnB issues. I'd watch it.
    1
  61136. Moynihan is a criminal. BOA is stealing deposits and kiting deposits. They’re insolvent. In short he’s a liar.
    1
  61137. 😂I am watching you more now. You hurt people’s feelings and I like that 😅.
    1
  61138. Michael, Regular Viewer here, You normally don't use click bate titles. Like Loan Rates Back to 3% . Hard time ahead thats for sure . Here In Ca we do some things right not many. There outlawing Gas driven gardening equipment .
    1
  61139. Since markets are local some areas will be much worse than others.
    1
  61140. Michael fed will keep the rates high for 10 years and my number is 9%
    1
  61141. You may get to refinance if you qualify and your homes property is where it needs to be. I’m holding out for a more friendly market and hopefully bitcoin will go up this November. You know it is since it’ll be the mid-terms. Suddenly the economy will be doing better. As far as the housing market, we have a demand problem not a supply problem.
    1
  61142. Inflation is down! 🙄Ya right!! lol! 😺😺😺
    1
  61143. Mike, have you sold any properties thru the videos you posted on YouTube? Just curious...
    1
  61144. Who in their right mind would invest in an LLC? Maybe I dont umderstand how all that works but it seems like it's not a very secure investment.
    1
  61145. Why do some people think that situation in Ukraine has influence on us house market? 🙂 The economy cycles exist no matter what happens around, just time for recession... Fed takes money from economy
    1
  61146. ButI bet those Disney trips inadvertently put the idea in your head to give Florida a chance. My family’s Florida trips from NJ did compel us to leave when it got too bad there. I think we all benefitted moving there at the time. Personally though, I like it here in Albuquerque even more these days. Definitely welcome back to Lissi. Been a while.
    1
  61147. Not for the cost of living, but for the experience and growth. I think everyone should move away from where they grew up and their young friends and their family to go and be a completely independent adult. When I was 20 I got everything I owned and put it in a backpack and with $200 came to America. I didn’t know anybody and I didn’t know where I was going, only that I had a ticket to Orlando and I was going to build myself a new life. My girlfriend only got to the United States last year but she did the same thing coming from nicaragua. Period. Unfortunately people are comfortable where they are and all they do is complain about what they have instead of changing it. Good for the woman who moved from California to Florida for taking charge of her life.
    1
  61148. Let me tell you, this is epic gold content. You and I allegedly you tube channel explains the real deal. And yes i agree, if you don't invest in proper financial education then one does not deserve to buy any house. They need to rent for life. LOL, very true 👍
    1
  61149. 16 months ago i purchased a vacant lot in Pasadena for $900k. Was using an investor pool hard money lender that I was pulling withdraws for my custom new construction home. The investors pulled their investment and the hard money lender went under. Had to tap into saving to continue the construction.
    1
  61150. BRIAN'S packing up the car now, heading for border !!!
    1
  61151. Congratulations
    1
  61152. I love shopping at Aldi. They are good prices at budget for most family 😎😎👍
    1
  61153. Today..the inflation is so out of control..these workers are jacked
    1
  61154. This was on! I'm up the road in Boynton Beach. Agree with both you guys.
    1
  61155. Just wait until wages fall and we are stuck with high prices, it will be worse than the great depression imo
    1
  61156. Great advice! Thanks
    1
  61157. dude, SF is crazy traffic!
    1
  61158. I’m literally moving there tomorrow from California lol
    1
  61159. Thank you Michael for this. Feel encouraged again.
    1
  61160. Most financial youtube channels agree that there is no way out of this mess. If and when the 30 Brics nation's have a gold backed currency, the us dollar is done for. Im retired and cant start over again.Bought my first ounce of gold in October and adding more when I can afford to, trying to protect the little I have.
    1
  61161. 17:23 The lottery is a tax on the poor, as inflation is a tax on wage earners.
    1
  61162. Thanks!
    1
  61163. just so everyone knows ... 900 euros p/m is 948.73 USD...that's criminal.
    1
  61164. I am not far from Boise and I am a realtor. I think we still have a ways to go. As rates keep going up the worst it will get in my opinion.
    1
  61165. Welcome to my world waiting for big fin firms to buy up these firms pennies on the dlr and bring in unlimited enemy cut rate coolie with lie streaming saying theres labor shortage.
    1
  61166. Very good and informative "Sponsor" explanation.
    1
  61167. Capitalism is a joke how many companies get the tax abatement this is a fucking joke no wonder we're broke
    1
  61168. I hate to say it, but the rich are just getting richer! It is so said that middle class people will become homeless, I can't believe no one can do anything about this issue! You can't even live in your car if you are making payments, because they will take that too just like your house if you can't make the payments!
    1
  61169. Welcome to life, if you don't get a solid education you may encounter problems when you have to reinvent yourself. Michael, what if you had a wife and kids counting on you? You really have hidden from taking life on.
    1
  61170. The reason home sales above 500k and 1 million are increasing is because those are the only homes for sale in top 10 metros good luck finding anything liveable under 500k
    1
  61171. THIS IS THE REAL DEAL IN REAL ESTATE >>>> TO WALK THE STREETS STREET BY STREET TO THE ONES THAT ARE JUST STARTING OUT>... TAKE NOTICE ...walk the streets ...street by street.. made me look at SALEM and not Providence Rhode Island
    1
  61172. Miami , has a lot of corruption esp in Sunny Isle of Miami plus Adventurous, Hallandale, Ft Lauderdale, Pompano and other areas. What a joke!👻☘️
    1
  61173. Hi Michael ❤
    1
  61174. 11:50 timestamp! 😂Michael you are wrong for that!
    1
  61175. well if you cant afford Florida, you can always move to Bug Scuffle Arkansas .....
    1
  61176. And don't forget about the massive strain all of the illegal immigration is having on the economy. It is becoming a perfect storm for a depression.
    1
  61177. well its not there is nothing for sale on Normandy Isle...it's just ridiculously expensive. Cheapest condo is $265k for only 600 sq ft. AND its old buildings. we are basically getting into the price range of places like Boston, San Diego, etc. Prices are not sustainable because wages are not there yet until we get more tech companies, etc., You have a lot of wealthier people moving in..but hey, try to find a housekeeper or employees for your store---not happening because they have been priced out of the rental market and moved. Same problem people have in long island, NY.
    1
  61178. I like the Peter Schiff formula for pricing in GOLD! He does that with the Stock Markets showing they're all down priced in GOLD.... 💰
    1
  61179. And student loan payments people are about to have a 500 a month payment soon or we are going to remove some and cause more inflation
    1
  61180. The explaining of lots of important information. Thanks
    1
  61181. Market was up today
    1
  61182. Do you have any information about tax deductions for first time buyers, such as deductions for moving or other expenses incurred? I'm hoping to close on my first purchase in September, God willing :)
    1
  61183. Good video.
    1
  61184. who needs a free list of grants to get their business off the ground must have an LLC and EIN and active bank to receive funds
    1
  61185. Congratulations! 8 is the number of money $$$$ Your 5 year Anniversary is on 8-8-2024(8) 888 $$$ I live in Miami & love your show.
    1
  61186. the "experts" aren't saying what they THINK rates will be x months from now. theyre saying what they WANT them to be as it benefits their portfolio, and hoping they can influence the markets in their favor.
    1
  61187. Why Michael? Because the current scumbag politicians are holding this hot mess together to cover their sorry azzes. THAT"S WHYYYY...!!! I don't see how it's any more complicated than that.
    1
  61188. Great video man
    1
  61189. 🥇
    1
  61190. I’d take the heat over the cold. It’s going to be 28 here in Tulsa Oklahoma. I hate the cold.
    1
  61191. Dude... time to up the SPF.
    1
  61192. Congratulations Visualize 1,000,000
    1
  61193. Hey Michael can you recommend a good book or resource on "How to purchase a property that will cash flow?" I want to jump in again on a second property when prices are at the bottom, possibly a year from now........:)
    1
  61194. Mobile home parks are becoming part of the past major investors are buying them up for the land in constructing condos or apartment buildings or houses in 10 Years trailer parks will be extinct
    1
  61195. if it was priced in bitcoin id buy at value. 4.4 million fiat is worth probably 2 or 3 bitcoin
    1
  61196. Why is your dad looking less Italian than you are?
    1
  61197. Why in salt lake City utah people pay 700,000 for a garage zise home? Sound silly to me.
    1
  61198. So tenants didn’t pay the bills, and now the landlord has to pay as punishment to him?
    1
  61199. Awesome videos! Keep up the good work!💪🏽👍🏽😎
    1
  61200. WTF! A 76% increase in property tax in one year! Lesson..never buy real estate!
    1
  61201.  @MichaelBordenaro  Maybe depends on the type of tickets? Will see the cost now as I am going to the Bahamas and then back to France.
    1
  61202. Love it, I was there back in October just for few hours. You did a great job 👏, this are my kind of videos.
    1
  61203. A heaping helping of Negative Equity, comin' right up! Yeh, rates will go down. Maybe. BFD.
    1
  61204. Mobile homes tend to have less appreciation over time than a standard home a standard home has. Therefore I don't think it is a good investment
    1
  61205. You’re way to cool to be a golfer.
    1
  61206. Get a pair of ' Yellow Lens' sunglasses like Bono from U2
    1
  61207. Janet yellen in today's wall street journal said that we will have a soft landing.
    1
  61208. Thanks for the info.! I know a lot of people racking up their credit cards because they know the current administration is going to bail them out just like they wiped out student loans. So what was once bad advice is good advice now. No consequences, SMH. 🙄
    1
  61209. Thanks!
    1
  61210. Michael; Would love to see a comparison of price drops and/or sale prices from 2019 to present. Imo, that is the real barometer on the current state of housing in the Miami - Fort Lauderdale area. Just sayin... :)
    1
  61211. I literally stayed for the last 2 minutes.
    1
  61212. Excellent.
    1
  61213. I have no idea how new investors are making money buying at these prices with the Florida native people who are mostly making $16 an hour. All the migration from California like Sly skyrocketed house prices with the insurance and property tax hikes, there is no way the natives will be able to cover these new costs and that's mostly who the renters are.
    1
  61214. You mentioned that you played guitar the other day when you said that you couldn’t bring your full guitar rig to the small house you are renting. I was like ok, cool, on top of all the talent Mike has, he also plays guitar. 🤘🏻
    1
  61215. TGIF! 😅
    1
  61216. This is about the time year our Canandian friends from Ontario start to move down to S FL (and TX). They come down in droves in November. Wonder if less will make the annual migration this year?
    1
  61217. Home Prices are crashing. Brazil here we come.
    1
  61218. Hello Michael. Thank you for these wonderful, and informative videos. May you always have success, health and happiness!! Keep informing us. We appreciate it!!
    1
  61219. Hi Michael, l want to buy a single family home in Miami Beach on the water l am waiting for the right time, can you help me finding the right home and the right location?
    1
  61220. 5:19 I live in Chicago I passed the Phillies or a bank every day and they've got so many abandoned commercial buildings it's ridiculous but yet Mr Google will be Aubrey whatever his name is the president of the Chicago for The Reserve Bank it's telling us that we don't have enough houses? That's not true if you believe that then they got you right where they want you!! I wouldn't dare buy a house I would not do it in cook county, lol so you're from Chicago to so you know how it is in Illinois.
    1
  61221. Michael, ditch the sunglasses....show those beautiful brown eyes! Yes!!!! (Hey, you asked!) On second thought, maybe keep them on, since without them, I'm not able to hear a thing you are saying! 🙂
    1
  61222. Reventure brought me here I'm subscribed now
    1
  61223. Did you know that 94% of people live paycheck to check
    1
  61224. I think the government should offer 5 percent mortgages, they’ll make money and it would help people and economy. They could do it when the market gets bad . Banks are greedy.
    1
  61225. 1sr
    1
  61226. I have been watching and I see what you’re saying. Thank you for always sharing great information! I appreciate you and like any video I see you put out. I think we are going to start seeing these house prices start dropping some also.
    1
  61227. Michael, once again, thank you for outstanding content. However your "problem" is you are too rational and you want things to make sense. Unfortunately most people are too irrational and they refuse to accept the reality. One troubling possibility us that the housing market will never return to being a somewhat reasonable- how can you expect someone to pay $40k a month for that house?
    1
  61228. The fake real-estate media want people to buy now because it's good for banks it's good for selling agents. Trying to trap people into higher mortgages right now! You are right the dropping price now is just the start of the crash hold the line and get a house for half the price of what's selling now.
    1
  61229. write a check for 13.3% of your income and give it to Newscum. then you will feel the COL difference.
    1
  61230. Dang Michael...I love your videos for real estate info but could do without your political viewpoints and opinions in them. Heard them in a few videos now. Just a tip from a fan of yours
    1
  61231. 2:24 ah man you mean you never received my $1000 donation you asked for?
    1
  61232. Insurance is a scam
    1
  61233. im in tampa, my homeowners was an insane $1200 a year in 2013 when i bought the house. it trickled up a bit but in 2018 it went up to $2500. in 2023 it went to $4500. i shopped around and got Kin insurance for $2900 in august just before mortgage payed the $4500. im expecting my mortgage payment to stay the same or drop for the first time since 2014. car insurance was $290 with progressive, got an "all minimum" policy with geico for $138. i also bought a side business thats making $2400 a month so far. you cant throw in the towel, you have to shop around and find a way.
    1
  61234. While they write blank checks to Ukraine and allow an open border!
    1
  61235. I bought my manufactured Home through a VA loan as a custodian with land under a foreclosure situation where the owner stop paying their mortgage. when buying a home. Buy what you need as needs and wants are two different things. And the more you spend to buy a home the more your property taxes and home owners insurance will be so keep that in mind when buying a home. And chances are your property taxes and your home owner insurance will go up every year. Note: Once you lived in your home for 10 years you can try and get your property taxes reduced for living in your home for 10 years. I also pay my overage from the escrow analysis every year to try and keep my mortgage payment down for the next year Tips I use. I pay off any credit cards ASAP so I have no outstanding debt other than my mortgage and I save up before buying most of the money needed, if not all before buying something I want. For example I am saving up to replace my old computer equipment which I use to share God's word on my facebook wall and will get it when I have it saved up enough or save up and buy when I am close to all of it being saved up. I hate being in debt. And I make total $2232.29 a month and am retired with a $522.53 per monthly mortgage and say $500 more for utilities so I pay around $1022.00 per month altogether and then the remaining is use for food, clothes and everything else that comes up during that month and save whatever I can. I am single and I have a high credit score. I might need to go back to work to get medical, dental and eye insurance or do without insurance since medicare/medicaid is too expensive and I am 64 now. I also buy in quantity when on sale things I will use sooner or later also. I feel effected by inflation when buying food and fuel prices. I can use the minivan for camping if need be or want to. I do not drive a lot and only when I need to. I bough a used 2000 Toyota minivan with 168000 miles on it about 6 months ago in case if I ever loose my home because of inflation or taxes being to high to afford so I will still have a place to live if I every lost my home. I have been single all of my life and The best thing a person can do is pay off their mortgage ASAP so you have a place to live. I owe $69000 on my manufactured home and land. And if I every come into a windfall which chances are that will not happen. I would pay off my place first thing and then only have monthly bills. like utilities, trash, food, clothing and misc bills month and home owner insurance. Micheal, kudos to you and your wife for paying off your home in Florida. Smart move. I have also though like I do as described above for a long time now.
    1
  61236. So many businesses are trying out these "loss leader" tactics, but most people aren't falling fot it. Businesses like Sheetz are successful because they offer a points program, and lots of daily, weekly and monthly promos/offers that are actually worth the money. And they haven't jacked up their prices like pretty much all of the other fast food restaurants have. And, several years ago, the Sheetz near our house opened, running on generators, after a hurricane went through. The entire area was without power for up to a week, but Sheetz was open, full service, until power was restored (almost 2 days for us). I still have the big bags of ice in our box freezer we bought from Sheetz when they opened. That earns loyalty.
    1
  61237. Michael thanks 🙏 god bless you
    1
  61238. How can it increase 13% if you have a homestead which can only raise 3%?
    1
  61239. Illegal immigrants pack about 8-12 people per household hold so no. What destroys the housing marketing is something that has power to do so, like money. cough Blackrock *cough
    1
  61240. I have extra money to spend and my rent cost less
    1
  61241. Still think USA is a great place
    1
  61242. Colorado is a nightmare
    1
  61243. I hope you are right Michael. I can't keep paying these astronomical rental rates in Austin.
    1
  61244. Car insurance has been going up everywhere.
    1
  61245. It feels like there is too many people predicting a crash. It’s probably about to go up. Markets always do the opposite of what people think. Something massive in the global financial system is brewing though. I believe the powers at be are going to make us join the war in Ukraine in order to turn the money printers back on. It’ll be the only way to trick the public into dealing with inflation! The system needs the printers to survive. Love your videos man! 🐊☀️😎
    1
  61246. $76M for a truckload of lumber. This is a new level of insanity....🤣🤣🤣🤣🤣🤣🤣
    1
  61247. I really appreciate your input. Please, would you have an opinion about the progression of you will own nothing and you will be happy*? Would it be worthy to buy a house anymore? We have been communists and I know that it could happen the state to just take *everything in its possession. It is a matter of one overnight law. Any opinion? Thank you.
    1
  61248. Hi from Australia and I just bought a used 2007 Mercedes SLK 350 for $20,000 AUD and I dont get insurance as being a Confident driver and this car is So Cool and Fast.
    1
  61249. Hi Michael, I live in LV. The first 3 zipcodes you put on the list are very bad neighborhoods. I agree that the market will crash hard. When these investors realize that this is not California they will be forced to sell. Casino workers are the best paid in the city and we all complain to each other because we are paycheck to paycheck. Most have side hussles like Uber/Lyft to make ends meet. It has to break.
    1
  61250. Sooo, let's see. In 2019 the St. Louis Federal Reserve's own numbers state that the median household income was $81,210 and in 2023, the last year for which they have complete numbers, they listed it as $80,610. A $600 decrease. Yet someone out there trying to shill for the government wants us to believe that a decrease is an increase and that when your income decreases and the price of goods goes up you are actually making gains. Gains that allow you to work less to buy the same amount of food. I guess the writer of this article was one of those no child left behind types that missed the bus. Everyday. There is a relatively small percentage of workers whose wages have increased significantly and those folks skew the average and the median upwards. But to say that their experience is the general experience of the entire country is foolish. Also, if someone was working a job where they were being paid $10 an hour and now they are being paid $16 an hour you can sound the trumpets about the 60% pay raise but they still can't afford groceries. And what is a weeks worth of groceries for an average family? Averages are the bane of economics. Using averages leads to failed policy and leave people in distress.
    1
  61251. thank you, michael <3
    1
  61252. Going out of Mcbusiness soon
    1
  61253. Just buy less stuff and inflation will fix itself
    1
  61254. 👍🏻
    1
  61255. This October in Naples was so hot I literally said 'never again'. September was bad as well but for some reason October was literally unbearable for most of the month. I couldn't believe it. Welcome home!
    1
  61256. The bigger problem is that the education system is a disaster. Nothing about basic economic. Most people can’t see that there is not need for a realtor with the social media we have today. Selling a house? Find out your comparables online, order an appraisal from a reputable local company , pay a lawyer to draft a contract if you don’t feel like using a standard one. By the way standard one is just fine. The title company will do the rest. If the buyer is financing the bank will also check everything. The realtor is most of the time useless and only friendly until you want to get out of the contract. lol.
    1
  61257. Get marrried but skip the big bucks wedding. All kinds of creative ways to have a beautiful wedding. Can buy wedding decor at a Dollar store. Cake and champagne reception at a home or free venue. Buy a house after the wedding....doing the steps backwards won't bring the blessings.
    1
  61258. Recession 2024, buckle up.
    1
  61259. Michael I just looked at a home in Palm spring California it went down 250K fron 595 K man I'm waiting for mor just after new Years
    1
  61260. Florida does not allow "Dual Agency'" Dual agency: a single real state agent to represent a seller and a buyer at the same time. Is dual representation legal in Florida? No Dual Agency in Florida In dual agency relationships, a realtor acts as the agent to both the buyer and seller of a property. Florida prohibits dual agency because it is impossible for a real estate agent to act in the best interests of both a buyer and seller simultaneously Same thing for rental/leasing contracts: In Florida an agent cannot represent both buyer and seller, or both tenant and landlord in the same property transaction. This is punishable by law and by the real estate association. You can lose your license and be fined to up to 10K for doing so in Florida. Some states like CA, do allow dual agency in specific cases with a dual agency contract signed by seller and buyer. CA for example rarely have use real estate agents do rental contract, nor in general will do it, it is very rare and only in very expensive properties and requested by owners, in general rental/leasing contracts are done by rental agencies, apartment managers or directly by landlords.
    1
  61261. The best Real Estate duo! Keep it up guys 👏
    1
  61262. How can I contact you about buying a condo in Miami or Fort Lauderdale
    1
  61263. Crucial topics... thanks brother.
    1
  61264. I love the info on your videos so much i think that the cut aways should increase to 99.99% of the video. ........ Bwahahaha jk. Let's get Michael to 100k people!
    1
  61265. I always wondered about beach restoration. In CA, the beaches come up within feet of waves crashing onto the front of homes. It is really close and seems risky and dangerous (erosion). Looks like you have a fair amount of beach frontage there in Miami.
    1
  61266. BTW Tesla just reported their earnings and projection and its not good! 😂
    1
  61267. If the rental bubble pops I am wondering if investors will stop paying there mortgages and hold the property while collecting rent until the property is foreclosed on (up to 2 years).
    1
  61268. When your parents are gone, so matter how much you came home to see them, one can feel very guilty and lonely.
    1
  61269. More bad news Bordenaro --- 😔 I feel like the more I listen to you - doom and gloom all the time - the more depressed I become.
    1
  61270. The bottom feeds the top
    1
  61271. Tooo Funny.... that empty plot of land that you were referring to here is right across the street from my dads building, and I never even paid attention to it, or wondered why it was still empty. I am always hoping that my dad will be walking out to his car when you are shooting in front of Coral Seas, (The older teal and white highrise ) but nope he was not....LOL...... and I was also hoping that you would go by Dexter's building (which is the second building past my dads) so that I could see how far along they are on the construction next door.... and wow so much has been done since we were there just 6 weeks ago. Soo glad that your watched some of Dexter, it is a great show, even if it is a bit gory!!!!!!
    1
  61272. Michael, let me know if you are game to talk 08 va today real estate market
    1
  61273. Please point out the best houses to buy drugs at. Asking for a friend.
    1
  61274. That's so true about the unemployment rate. Some people think an ultra-low unemployment rate is "good" - in fact, it's what happens every time right before the recession hits. And, when the recession does hit, the unemployment rate skyrockets. It's like a false sign and people are fooled by it, it is a lagging and contrary indicator.
    1
  61275.  @MichaelBordenaro  thanks I’ll be watching.
    1
  61276. Cool!
    1
  61277. Thank you
    1
  61278. Thanks!
    1
  61279. Thank you Michael for this much needed education on sound finances which goes beyond the scope of real estate. I also appreciate many the commenters here with level headed thoughtful analysis. We have a huge bilateral divide on many issues but unfortunately not on fiscal responsibility. Every administration provide handouts that only differ in the form of tax cuts or spending programs, and the difference of to whom the money goes to is the primary point of argument. But the general public is happy with having the cake and eat it too, such a big cake that we have nothing to worry about in our lifetime, right?. I’ll say it’ll be healthier to start thinking our country as our HOA, we’ll be making much better financial decisions and hold the board accountable.
    1
  61280. My town banned the leaf blower -- now people are complaining the leaves all over look shit.
    1
  61281. The strike was put on hold last night
    1
  61282. The homeowners of that building in Florida where the money was stolen are clueless morons.
    1
  61283. I think 1 out of 5 houses 🏡 are people who need to move because of “life”.. here in Northern California , Placerville, people are off loading their shitty houses to move to Idaho, Oregon, Montana, or somewhere cheaper. I just did the same thing, sold my house on the road, got a decent price and now I’m looking but can’t find a “good” house! Dam. no risk no reward, I’m still thinking of an island somewhere. Lol don’t settle, wait! Even if it’s living with your grandmother, learn something about a real depression 🤓 Good luck 🍀👍
    1
  61284. People need to start protesting taxes and put a stop to the insanity. What are the taxes paying for?
    1
  61285. Unfortunately, even if there is a foreclosure wave the taxes will not go down... is that fair???
    1
  61286. To quote the great philosopher Mike Tyson “all these Leftists have a plan until they get punched in the face.” I hope the southern states ramp this up as much as they can. It’s time for Sanctuary Cities to put their money where their mouth is because the rest of the country is tired of them never feeling the consequences of their policies.
    1
  61287.  @MichaelBordenaro  Exactly. Don't get me wrong, my wife is hispanic and her grandparents came from Mexico legally. They live on the border and crime has gotten so bad. Her cousin was murdered a couple years ago in drug/gang related crap. The flow of money, drugs, guns, and people is leaving so much devastation in it's wake. Sorry to get off topic on real estate. So many policies from Washington and political elites are making things worse and they don't have to deal with consequences until now.
    1
  61288. We have a housing bubble, and all bubbles eventually pop. The crazy inflation in house prices has a lot to do with house flippers greed. This is market working the way it should, and government should just sit on their hands and wait a bit. Florida's biggest industry id tourism. People moved there to retire and do nothing. Baby Boomers population is in decline and will not come back, they die. Florida will be the hardest hit because it was the choice retirement destination.
    1
  61289. Listening to you while driving my $65K truck, I mean real Turck ( Semi-Truck ). Making good money with it. Learn a lot from your channel 👌 👍 Thank you.
    1
  61290. Nothing goes straight up or down without interruptions. Look out below.
    1
  61291. Great episode Michael....!
    1
  61292. Fake inflation numbers allow government to calculate fake GDP, fake market booms, keeps payments down on pensions with lower cost of living adjustments, social security increases. And it allows lower bond yields which lets government keep borrowing at an unsustainable rate. Also keeps the stock market high and gold down, which allows the ponzi to continue.
    1
  61293. It sounds like the definition of a hippie movement? Sounds like the definition of a zoning violation.
    1
  61294. On a side note, a Manatee swam by while you were looking for the police boat. And yes, crash baby crash. Thanks Michael
    1
  61295. A lot of property / rental companies/corporations are are also buying out individuals all over the States and making their properties long term rentals.
    1
  61296. Michael....do you actually send messages for me to contact you is that just another scammer?
    1
  61297. Hello Michael, love the houses, we are coming to Florida in March. Let us know who to contact. We would like to look at houses that are in these price ranges. We also don't want to break the bank purchasing a home.
    1
  61298. I believe in stacking physical silver. When the private FED, IRS and the rest of the private western central banking system end, that will make both gold and silver skyrocket in price because it's real money. The issue is that they suppress the prices because they want their fiat currency look better than owning real money even though they stock pile it for themselves that they don't tell you about. If you look at the mining ratio of the gold to silver ratio than you will see that for every ounce of gold they dig up out of the ground they dig up about 7 ounces of silver. Currently the gold to silver ratio is about 90 to 1 ratio. When the system collapses, that ratio will go back to something like an 8 to 1 ratio. When this happens, silver will be worth about $275 an ounce if gold were to stay the same value it's currently at. I believe that silver will go well into the triple did-gets overnight and this will happen just after President Trump wins the next election. A nations wealth is measured on how much gold and silver they hold. Why not do the same thing for yourself. When this happens, I'm going to purchase an apartment building for that positive cash flow. In other words, silver is a much better investment than gold right now due to where the gold to silver ratio is at.
    1
  61299. I live in a suburb of Atlanta that thanks it's Disneyland. Everything must be new and perfect. The high taxes are like the cost of membership (and a way ti exclude "riff-raff.") Fortunately, we just voted in an exemption from school taxes for people over 70 years old, which reduced my tax bill by 60%. (I've supported the schools enough over the years for a guy with no kids.)
    1
  61300. I have my job to day. Tomorrow?
    1
  61301. Great video! Love listening to you both! 19:50 woman holding baby (walking on Nick’s side) realizes she’s on camera👀, stops and backups slowly.😂
    1
  61302. So when they buy get there tax bill will they get out or they like taxes and stay
    1
  61303. Nice Neighborhood you usually don't see them like that Anymore unless its gated😁
    1
  61304. i love that you provide info about home insurance, and all things with florida real estate. I’m planning on retiring in south west florida, and i’m always looking for any info that can help make the move easier
    1
  61305. Nobody believes in rehab of old housing stock , living in it for awhile and then moving up. These young people all want the newest thing right away. Inventory keeps shrinking as older housing stock gets burnt down.
    1
  61306. Home prices and mortgage rates coming down benefit zero for the broke society. It will get really dark and ugly this 3 years.
    1
  61307. !!
    1
  61308. I’ll be honest I’m waiting for them to crash it. I wanted to add a pool to my existing home in 2020 & couldn’t. Bank gave me the funding & I’m just sitting on it. Will keep the existing home & buy a second home. I’ll become a landlord.
    1
  61309. A lot of the wealthy investors are coming from countries like Russia and China. With the Cold War that’s brewing how many of these folks will be allowed to come here if there is a conflict breaking out. You have to look at where these people are coming from too. The whole thing about this economy is that we don’t have a real economy. We have bubbles scattered throughout the economy.
    1
  61310. We ended up finally buying. I was probably being a little overly careful in retrospect. Make 150-190 in Ohio and had 100k saved. Comfortably got a 4 bed new construction to raise our family in. Do not care if it goes down in value in the next few years. Still sucks because the house would have been 120k cheaper a few years ago. OH WELL.
    1
  61311. I closed in August and I’m wishing I had said “no.” Fuck it, keep my 1% deposit.
    1
  61312.  @MichaelBordenaro  lol pretty sure we'll be long gone by than .. if you know what i mean🤷‍♀️
    1
  61313. For years we've had people from FL moving here to NM, esp. after hurricanes...Go to Texass, please, if you are into DeSantis.😅
    1
  61314. Florida is a legend it was literally created by Laundered money from Cocaine/Wallstreet
    1
  61315. I like your videos and opinions but please don’t use click bait titles, you don’t need them
    1
  61316. Culver's has also kept a lid on prices, The places are clean, and the food is very good.
    1
  61317. Definitely like the idea of ending on a positive note. Wave of hope 🌊
    1
  61318. Michael I want to know if you are deleting my comments on your channel or are they being censored by you tube ? They were not political or offensive.
    1
  61319. Michael- we have a bet-I said you walk in flip flops!? Am I correct!?:)😂
    1
  61320. LOL You suspect correctly
    1
  61321. presidential election , they wont raise rates and will help people as much as possible , depression needed
    1
  61322. Core inflation will not stop until the labor shortage problem is solved. No one has the answer for that. Pandemic relief and stimulus money has long been spent and is not contributing to current inflation. Insatiable spending, who cares how much I go in dept, is the problem
    1
  61323. I am just happy i paid my house off in 2018. 5yrs ahead of time. My mind boggles with these put of control markets . It will be painful ..But , a crash is necessary to bring prices down. Will it happen ?. Who knows ??
    1
  61324. why is there a police car in that house?
    1
  61325. 10% T Bills😁😁😁😁😁😁
    1
  61326. Omg 😱
    1
  61327. Your comments about credit scores is going to offend some people, but It's true. There are instances that someone is dealt a bad hand and has bad credit. But, vast majority of the time it's the Individuals fault. My parents drilled into my head from a young age to have good credit and helped me start building it when I was 20. Can't thank them enough. Working on the down-payment for a home now. And hopefully in 2023 will be able to buy my first home in a more normal hopefully cheaper market. Not sure how confident I am in the market or the government, but I'm doing my part.
    1
  61328. Do the Venice video!
    1
  61329. Show Us Your Spouse. If U can.
    1
  61330. Yes that's happening everywhere in the US. People are not buying homes, they are afraid what may happen to tomorrow. People are not even buying new vehicles. Great job in always covering this. Now go take a break and the beach.
    1
  61331. Most people do it backwards. Buy what they want not what they need.
    1
  61332. Michael you mentioned in a past episode a website to look into area rents.
    1
  61333. Sad to say if the states return the money to the Federal Government this administration would never put it towards the national debt, no matter what they agree to. Cons and liars in the Swamp.
    1
  61334. Left side
    1
  61335. Happy Wednesday, Michael.
    1
  61336. Oh well I wont lose any sleep over
    1
  61337. I just came back from Del Rey Beach. My old friend lives there. I'm SO jealous!
    1
  61338. Good guitar riff, nice guitar too.
    1
  61339. Where are those "ALIENS".....I am not talking about the illegal ones either
    1
  61340. Spending can be on credit card. You need real disposable income to invest. So, what are retail investors doing?
    1
  61341. That’s why I pay cash…no payment no interest.
    1
  61342. Fucking awesome
    1
  61343. Seen plenty of examples in Estonia where real estate agents obviously have bought properties from private sellers and immediately put on sale again with higher price._
    1
  61344. As you know, the brick that breaks the camel's back is unemployment. As in 2008, when you got laid off or are worried that you will get laid off or you graduated college with no job hiring you'll tighten your belt and not make any new big purchases such as cars and homes which is happening now and people are cancelling their Netflix accounts 😬 their tightening. But in comparison to 2008, this time the Fed has raised rates quickly to numbers not delt with in decades and inflation is the highest in half a century 😟 the pain is coming without question 😕 unemployment is coming and the Fed has said as much. People will move in with their parents as before causing home prices and hopefully rentals to reduce to middle class affordability hence the great reset. Upsetting is that it didn't need to happen once again 😠🧐
    1
  61345.  @MichaelBordenaro  we are currently feeling stuck between a rock and a hard place and just trying to make the best descision since out situation is temporary getting locked into another 12 month lease at a huge price increase is not what we want to do..ive been watching alot of your videos as well as others trying to gauge our options.. what part of the midwest are you from.. we are michiganders born and raised.. i hear your accent (people are always telling me i have an accent too lol)
    1
  61346. Someone posted a clip showing 100s of Tesla cars parked somewhere in CA. Auto loan, credit card, rent and mortgage all sort of delinquencies are ticking up at alarming rate. I bet Elon is going put big sale event soon!!!!
    1
  61347. If sellers end up not willing to compensate buyer agents, buyers will have to deal with listing agents (only) and IF THEY ARE SMART (not pennywise and dollar foolish) will hire an appraiser to verify the value of the property and an attorney to draw up the contract (all that is needed to get the ball rolling is a non-binding "letter of intent").
    1
  61348. I’m a new subscriber, glad I ran into ur channel . Good info here .
    1
  61349. At 22:21 you mention that they are building multi million dollar condos who do you think is buying those condos where are they getting the money The IRS only cares about where are you get your money they don’t give two shits where these people get their money from we have enough housing in this country just stop selling to these foreign investors they are cleaning their money in our country Miami was built the same way in the 80s nothing has changed
    1
  61350. Our fiat currency in banks is not there. Makes sense to buy/have properties especially if you own it and not the bank. That way wealth is protected from the coming great depression engineered by our ruling elites. Don't listen to the fake news
    1
  61351. AirBnb will probably go out business anyway. HOA is still a parasite that should be disbanded everywhere.
    1
  61352. What about the dual agency situation where the same agent "represents" both sides? A good agent with knowledge of area, building construction, finance, and the whole package is invaluable. More common is the housewife who takes the quick course on how to fill out the paperwork and relies on the market to see the house.
    1
  61353. Feliz cumpleaños Michael 🎉
    1
  61354. So Michael, if I NEED to buy a condo this year, check the association reserve and renovation history to see if they are up-to-date? Right?
    1
  61355. mass imigration to florida has slowed due to affordability especially from midwest. what you will see now is mass emmigration of the middle class that refuse to live in what used to be low income housing areas. then it will become affordable again.
    1
  61356. The area and neighborhood will also dictate whether the price of that first home is warranted or not. Unfortunately, not everyone is smart with their money and it's pretty idiotic and greedy to overpay for an average house in hopes of selling it at an even higher price.
    1
  61357. Always great information
    1
  61358. Those sellers must not be really interested in selling, unless they can get an offer they can't refuse. They're more interested in a huge profit than they are in moving.
    1
  61359. What's the definition of a vessel? The boats floating out in the bay would need to anchor down; then take an inflatable or dingy into the dock.....
    1
  61360. Ignore the hate brother you are speaking truth and facts. There are a lot of delusional idiots out there that cannot handle the truth.
    1
  61361. Im buying a van down by the river.
    1
  61362. Economy 101 - Go to a bank and ask for a loan (cash). They will tell you that the cost of capital has double or triple since the beginning of this year. So if you put your brain to work you will find out that cash is more precious than ever. This means that if you want to trade a house for cash, you will have to give more house (liability) for the same amount of cash, because cash has double, or triple in value. It’s not the opposite, you want my valuable cash, you give more house, as the bank does with you now. Since you cannot give me more house you must cut the price in half minimum. Now, the buyer is the bank and seller is the bag holder. You got it?
    1
  61363. I gave up as soon as I heard china is buying up in Florida. I’ll stick with South or North Carolina. It should be banned for China to buy property in the US, because ain’t nobody in the US want to buy property in Communist China, that’s for sure.
    1
  61364. Michael, you sound frustrated and for good reason. You have a great deal of real estate knowledge and common-sense, but some people will not listen to you. Keep up the good advise. You are a smart man.
    1
  61365. In the middle of whole house remodel for me
    1
  61366. Oh God - America’s great past time - the Mall!
    1
  61367. I agree with yiu Michael. The fed needs to keep raising rates and stop playing games. They are just delaying the inevitable.
    1
  61368. Investors equal speculators should go bust. I don’t want to pay tax and insurance equal to rent or unable to qualify a down payment or a mortgage payment in an economy where you don’t know if you keep your job.
    1
  61369. Seems like we got a plucked temp post here 😂. Relax & enjoy the free information. If not, then no party poopers allowed.
    1
  61370. Absolutely please keep showing the crazy prices and houses. Especially now.
    1
  61371. Once again, even at the beach the word gets out to stay at home because Michael is doing a video.
    1
  61372. Seems thst everything is a scam.
    1
  61373. Does this benefit new construction??? 🤔
    1
  61374. The wealth effect is a fallacy, and always has been.
    1
  61375. I saw something on the WPTV about 100 people getting 100,000 each to purchase a home. You see this?
    1
  61376.  @MichaelBordenaro  wonderful collaboration and information as always Micheal! God bless
    1
  61377. Happy birthday Mike !
    1
  61378. Average house in Seattle is $750,000+. Average annual income is $75,000. 😅 I’d be excited to buy a house for $500,000. There will be layoffs and foreclosures.
    1
  61379. Does this apply to condos on Ocean Drive as well? I imagine developers can't buy out and erect new luxury condos in the Art Deco district right? Historical designations and all?
    1
  61380. Another great addition to my day! Thanks! I am curious about the long term impact of our current state of the economy on the future of the the generations coming behind yours. It seems to me that the rich people are painting themselves into a corner with paint that will never dry. The buyers of this economy are probably the most motivated buyers available - either now or in the future So, they take these "great" offers, go bust, then their credit is so bad, that they are then out of the market just trying to recover from bankruptcies. It seems like they are just scamming buyers for a short-term gain and giving up the future to do so. I'd be interested in hearing where you think all of this will end up. Great video and I always look forward to them.
    1
  61381. You can’t draw it out till your 59.5. All you can do is watch your 401 k drop.
    1
  61382. Liso ,I Wish you a beautiful Birthday!! Isla Morada is just gorgeous!! You make a beautiful couple!!! I love watching your husband’s videos!!! They are great!!! I do not know how to write it in English, so I am going to write it in Spanish Qué Dios siempre siempre los acompañe, los proteja y bendiga!!🙏🙏💋😘🤗🥰😍🙋‍♀️🇲🇽🎊🎂🎉
    1
  61383. Alright Michael, riffin' on the real estate and all the riff raff going on in the economy and then riffin' some rips on the guitar. Bravo man. Cheers.
    1
  61384. Before I even watch your videos I like them because you’re just that cool 😂
    1
  61385. No “dessert” at the end. Consume a balanced diet of Reality. No rose-colored glasses
    1
  61386. Michael, you passed by some cute condos. Saw for sale sign but you just walked by. Curious how much??
    1
  61387. I think you have added 2,000 more subscribers since you have been complying with the YouTube guidelines to request viewers to subscribe early in the video and hit the like button. It will be interesting to see how your experiment works out. Thumbs up Michael, I like your channel!!!
    1
  61388. The longer we live with inflation, the more dangerous it gets. As inflation gets normalized, it gets priced into future expectations and becomes sticky.
    1
  61389. You hit a homerun on all subjects related to the title today. Every little thing was touched upon with pithy commentary.
    1
  61390. CA probably changed the law and they are always looking for money
    1
  61391. I know a few people who purchased new homes recently. They are all having lots of issues. They are shoddily built. My friend told me they used day laborers to build her home. There are not skilled craftsmen out there doing the building like it was many years ago. And the wood is not great like it was when I built my home.
    1
  61392. Cool 😎 you brought your wife along. She looks nice and supportive. Another great show.
    1
  61393. I know someone who just bought a house recently despite high interest rates and housing prices. They definitely overpaid for their house and definitely went over asking price but their realtor told them they can just refinance once the interest rates come down. I really didnt think it was a smart move...what are your thoughts on someone doing that?
    1
  61394. I am a premium subscriber on YouTube😂. The music/youtube combination was a no brainer. I listen to so much music and watch too many videos. Probably the only subscription I don’t mind paying besides my PlayStation plus.
    1
  61395. Yes, the Dollar Tree Stores struggle to staff: cashiers and stockers and supervisors. Here in Broward and Miami Dade must be Spanish speaking
    1
  61396. Thanks for the good work Michael. Even though I don’t believe I would be affected by a recession/depression your daily videos are so very helpful so I can try to plan - thank you, again. My point this time is that you are exactly on target with the unemployment numbers being hidden by the Amazon door dash and uber eats positions. People loose their middle class job and are forced to feed their families so they take these minimum wage jobs out of necessity. This appears to be part of a plan to abolish all those middle class jobs and replace them with social security and minimum wage. I don’t believe this is temporary and I do believe the real jobs are gone forever……along with our middle class.
    1
  61397. 1bed/bath in ghetto Apt. Complex in orlando is $1700. Working to death just to have a roof and food. FJB. I won't convert my short term to long term because evicting is too much work and emotionally draining. 3months max.
    1
  61398. Happy New Years 2024! 🎉
    1
  61399. The was I see it..as far as the future economy and housing meltdown that is coming a la boom and bust.The market had been sucked up by a rush of buyer's...and because it happened so fast..ppl got into a buying frenzy. AND chances are they can't keep it, cause they overpaid. Supply and demand is sucked up in a opulent dinner party...burb...lol In 6 to 12 months the guest will start to get sick...lol They will be looking for a Toilet...but none open.. Also a supply and demand problem...lol
    1
  61400. I have a banana trees
    1
  61401. You'd probably love the mini doc on the Hunt brothers trying to corner the silver market, which has gone over ~$50/ounces multiple times since 80s. Silver was $7/ounce when I was in school, wish I'd have stacked them. Think it's called "Truth never told, hunt brothers"
    1
  61402. People that bought houses ,2021 to 2022 bought high,meaning that was not actual price of the house,the correction is coming,rates are rising & those homes are depreciating,now the house will appraised lower value & your property taxes decreased,that’s good but you look at what you paid for & what is appraised it can take years for you see appreciation,it also depends where u live ,in cali it can get pretty bad cause homeless are taking over these nice cities & communities,is getting worse as months go buy, inflation gas food,i keep hearing layoffs coming in all lines of work ,2020 was best year buying houses I believe,we don’t know where all this is going,timing right now is not a good time for any financial move,Im going to pay what I owe, & save more ,
    1
  61403. Very good point! They do need to work for the $$$. NO more free money bcos of customary agreements! Thank God!
    1
  61404. Love your channel
    1
  61405. How far out do you have to go to find a 250k condo?
    1
  61406. I bought my first home in 1983 and the interest rate was 12.4%. Like others have said houses were much cheaper but it was a challenge to make the $350 house payment. 🤷🏻‍♂️ The loan was assumable.
    1
  61407. So true: Work hard is false and fake😢
    1
  61408. Boo-hoo, multinational globalist companies making less money overseas because of a strong dollar is a good thing. It will force them yo bring back the jobs they shipped away for slave labor.
    1
  61409. As the BIG-TECHs are moving out of California the home prices will be falling down in real term! Another thing that keeps prices high is Airbnb and other short-term rentals. If the cities clamp down on STR's the prices will also collapse!
    1
  61410. Hi all. In my city (In Romania) some agencies have started withdrawing posters with apartments for sale at unrealistic prices. Something is starting to happen with the doors closed. I think they are quickly preparing for a correction placed in the future. There are real estate agents who 3-2-1 years ago had posters with real estate prices that increased exaggeratedly from 3 to 6 months for 3 consecutive years. in 2021 and 2022 they exaggerated quite a lot with the prices at some huts to jump even by 100% in 2 years.
    1
  61411. What a drag! 😢
    1
  61412. This is so freaking amazing and solid info
    1
  61413. Thank you for the content
    1
  61414. 👍👍👍💯💯💯
    1
  61415. Iron Man 7:58
    1
  61416. Thanks Michael
    1
  61417. Nice guitar playing. I'm getting vibes from Metallica and their late 90's Load album.
    1
  61418. I don't believe they will forgive PPP loans, no matter who is in office. It would accelerate our country towards bankruptcy.
    1
  61419. Don't know how much more the people can take? Things are about to get real. Prepare.
    1
  61420. Not sure dude ! ... this insurance fiasco smell like politics to me . The state is demanding increases on premiums and many agencies are closing shop . The Fed already reported that insurance is causing inflation , housing inflation . If HUD steps in ; the lawsuits are going to run high .
    1
  61421. New Jersey went up 🤬
    1
  61422. Wow, Michael. You're only 35??? Sorry but I thought you're like George Clooney's age....wow... the gray hair...wrinkles...etc really got me fooled your uncle George's age... it's got to be the sunshine...overly sunshine
    1
  61423. MB✅
    1
  61424. You should do another Florida Insurance video. The situation is actually worse than you described. As you mentioned, the rates are going to raise dramatically over the next few years before changes to improve the market are felt, assuming more companies eventually enter the market and competition drives the price back down as the lawmakers promised. You also mentioned the condo fees and assessments going up due to recent laws. You mentioned that the insurer of last resort, Citizens now requires all of their policy holders to maintain flood insurance but you did not link that to the Feds completely changing how they calculate the rates for Flood insurance. News flash, many will be required to pay for flood insurance that will double or triple if you live near the Florida coast. Existing policies are only allowed to go up by 18% per year but new policies will go up as much as 368% immediately compared with current rates in Port St Lucie and it will be ugly for many of us that live along the coast.
    1
  61425. If inflation is over, then why Eggs at Costco went from $4.95 to $6.95 yesterday? And is the same with many other products? also harder to get does products supplied now.
    1
  61426. Wow! “Friends” going all in to buy a home together! What a nightmare… No thanks! I’m happy with my mortgage-free house. Just me. : )
    1
  61427. Please continue demonstrating how the market reports are full of fiction....I love your precis on the ridiculous article suggesting future agents appear wealthy---when I was selling a home in the south I had an agent show up in a six figure German automobile with an over the top outfit; makeup a kabuki player would envy; heavy jewelry; big hair; and a ferocity that was over the top--she wanted me to stage my home ($3-6k) and have one or two open houses; she strongly admired my unique window curtains which were in fact modified shower curtains..I refused to sign an agreement....eventually undertook a successful FSBO ....
    1
  61428. That Sonoma story is scandalous! He needs to be in club fed! MB: be careful in the city of SF, there human waste, needles and garbage everywhere even on Market St.
    1
  61429. The Hammocks is the association name you were thinking of in Kendall.
    1
  61430. 25% in Jacksonville!
    1
  61431. Thank you Michael 🙏
    1
  61432. What you are trying to answer is really a 3 or 4 part question: first step; predict when the housing market bottoms.
    1
  61433. sure keep showing the crazy houses and their insane rental rates.
    1
  61434. FYI-Michael....you say "wait for a year and rent"...as someone who's just sold her home and tried to find a rental...finding a rental has been harder than buying a house. I kind of HAD to buy because the rentals have 1000's on the waiting lists.
    1
  61435. Just as bad here in the UK I don’t think people realise how the shit is hitting the fan on a colossal scale Families who are armed to the teeth and living in the desert and have bunkers with food for the next ten years aren’t so crazy now .🇬🇧🇺🇸
    1
  61436. I think you're correct about FED goal and wealth effect. As a banker, I disagree with your prediction for mort rates. Jumbos for credit will be below 5%.
    1
  61437. Many landlords have decided it is not worth renting as costs just don't add up if you take into account fees and refurbishment costs and replacement and servicing equipment.
    1
  61438. I wish we could wait for when the market gets better. Unfortunately we are a family renting a house out landlord is looking to sell so we need to move before the fall. With apartments not having availabilities for us or being so expensive we are going to buy. As FTHOs it’s been a crazy ride.
    1
  61439. That's crazy. Because if we're talking gross income, I make 12,500 a month on my take home after taxes, paying for benefits, paying into a health savings account, saving for retirement is 7500. 41% of 12,500 is 5,200. That means I would have 2300 left over to live on for the month. And I've got four kids.
    1
  61440. Michael, maybe you should wear one of those Camelbak hydration backpacks on your walks. Might be hot to wear since air doesn’t get to your back, but I guess it’s a bit of a trade off if you want to have pretty much hands-free way too stay hydrated on your walks. I also wonder why you don’t wear a wide brimmed hat on the walks.
    1
  61441. Maybe some of these people who are buying homes and reselling and the people who are buying the houses are drug dealers laundering their money?
    1
  61442. Congratulations on five years! Your videos are excellent.
    1
  61443. Thank you
    1
  61444. I thought the top selling car was a Tesla. 😂
    1
  61445.  @MichaelBordenaro  Haha I know. I was just busting on all the ev Lovers. Have a good weekend!
    1
  61446. I hate to say this! But I think everything is heading towards depression! 😟Looking back in history is 1934 sounds familiar! Scary stuff It can happen!! The world is in trouble in many ways and there is no solution except throwing money at climate change !🤔
    1
  61447. Real State industry should be more regulate or make them listen to your videos before buying a house!
    1
  61448. What's up with Miami Mayor and he is seeking higher office in the federal government. Will he bring the pains of housing market to 50 states?
    1
  61449. They dont want to call an official recession since they feel the jobs market is strong. Which of course it isnt really. Also I feel for any one trying to buy real estate in Florida now. Thx Mike!
    1
  61450. I'm 41, born in 81', and no way a millennial. X all the way... You're right, these property taxes you show are insane and they will no doubt go up if someone buys. Many buyers, and I'm sure their loan officers and Realtors, don't ever mention it.
    1
  61451. Nothing negative felt hear, just info of what is going on without the fluff and BS.
    1
  61452. Howdy Michael. Curious what your thoughts are on how much of the rental increases are due to 2 years of eviction moratorium? Renters not making payments. My rent just went up $495/mo and that’s on top of last year’s 224/mo increase. If they sting me again next year rent will increase $980/mo. All 13 month leases. I’m a remote worker as well. Waiting for employers to figure out they could be paying based on cost of living….which would mean a decrease for most folks like me that work in a small town getting paid urban salaries. Trying to save for a house. 😅
    1
  61453. The one good thing in our crazy real estate market in Ontario is that we have a rent control but it’s still has become a rental bidding war in Toronto. Some are saying there will be a housing crash - even if there is Toronto and cabada in general will still be one of the least affordable country / city from the G7 countries. They blame it on the Chinese so they made it illegal for non-Canadians to buy a property . It’s not the Chinese but it’s our damn policy! You have a government who says we will have 400k immigrants every year until 2025 but there are no infrastructure in place like housing! It takes about 6 years to finish building a condo .. apparently it’s not the case. I wouldn’t mind moving to the states just to own a property but I cherish today our healthcare system that it’s a death sentence for me to move to the states.. otherwise yiu guys have a great opportunity if you want to own a property !
    1
  61454. And yep you are correct about investing in art wine.. my husband is from the south of france and my North American mentality is trying to convince him to buy a small farm land and he just looks at me I’m crazy 😂. But I l Iove ur content . Keep it up
    1
  61455. Idfno, cuz the dollar is dying??? May be the intro to a new currency like cbdc will make a correction?
    1
  61456. Like Bend Oregon. Wonder if they'll do that. BTW what's wrong with a police boat, its probably farther than close places and frankly if they worked for their money, they should be able to take care of it. I'm SURE without it that area would be a huge target from burgals and maybe with weapons.
    1
  61457. The mortgage info you have for San Diego is accurate in that the size of the house is smaller. The rents in San Diego for a one bedroom are even higher than that mortgage rate you quoted. So insane! We are lucky that we were able to buy when we did...over 20 years ago. I don't know how people do it now. Glad there are still some affordable homes in Florida and elsewhere in the US! Great video, as always!
    1
  61458.  @MichaelBordenaro  thank you for saying that. 👍
    1
  61459. That looks like Gables
    1
  61460. 1999 prices
    1
  61461. I don’t see them winning in the appeal. In a free an open marketplace the seller should be the person setting the commission. This will be a race to the bottom for commissions. Everybody will be undercutting everybody else! You can’t fix prices!
    1
  61462. Thanks
    1
  61463. Your advice is sound. Thanks for your honest take on things ❤️
    1
  61464. When do you predict FL hitting bottom ?
    1
  61465. What all states should do is: Crack down hard on employers who hire undocumented workers. Every local community knows who is hiring those workers. The only incentive for people to come to the US is that they know there is always someone ready to hire them and pay them less than a regular resident would accept. It's like drugs: if there is no demand, there is no supply. It's like guns: if there are no guns there are no mass shootings.
    1
  61466. Distributed Blockchain.
    1
  61467. Hope the rent will go down too !
    1
  61468. Nice beach walk🎉🎉🎉 Michael just get other car insurance!!
    1
  61469. I just. Pay. almost $700 from Scottsdale to Florida. Chicago to Florida five $600 Michael who do you listen to?
    1
  61470. Micheal, I wanted to mention a video on YouTube by Crypto Casey about bank failures. Please watch and let us know what you think.
    1
  61471. I dont hate on MCDs, but they clearly forgot their place. I got a huge burger, fries, drink along with chips and salsa for $11 at Chilis.
    1
  61472. My last trip to FL we decided we would not be coming back until prices come down. Most of the state is no different than the rest of the country (heavy traffic, have to drive everywhere, etc). It really wasn’t worth it anymore. I worry about the property taxes for my parents. They r in SC, but even a small increase will hurt them. They live mostly on SS. Based on my conversations with them they believe the taxes never rise. They may be ok for awhile but Greenville continues to grow n u can only build so many houses. The irony is they left NJ bc of the high property taxes but will likely have the same problem in SC (I’m not saying SC taxes will match NJ , they make less so the smaller increase hurts more).
    1
  61473. we moved to FL 9/2021 and we have all state insurance, when did they stop covering FL?
    1
  61474. We talk about the "free market" but we've never had it. The free market requires price discovery and liquidity not be controlled. Those in control just won't allow that. This is a trojan horse capitalism, one side of the coin. The other side of the coin is socialism. Literally. Both sides of the coin end up controlling price discovery and liquidity, just with different narratives. Either way, we lose.
    1
  61475. I feel sorry for those folks who live out in those rural towns of the "Heartland" of America because when their local Family Dollar or Dollar Tree closes down they will be up the creek without a paddle so-to-speak. There is almost no business in those areas and the remains of better days continue to rot in the sun in places called "Main Street". A Post Office may show signs of life if a flag is flying out front. Since some of those towns have less than 1000 people those stores are their only local food source.
    1
  61476. Keep safe there!
    1
  61477. You actually believe Miami Beach is done with Spring Break? Interesting topic I hope you cover seeing your perspective being a local of the area.
    1
  61478. What song are you playing Michael? Sounds like it started out as “Sabbath Bloody Sabbath”!
    1
  61479. The biggest difference between crypto and CBDC is control. Crypto, like Bitcoin is decentralized and not controlled by any entity. CBDC will be totally controlled by the government. For example, the gov can decide to demerit your coins if they are used to buy certain things like alcohol. They can set a time that you need to spend your coins by starting them to lose value each month. This is very frightening and we should all revolt against this. The government wants total control over each of us.
    1
  61480. Stagflation
    1
  61481. I closed on a house in March 2022 and my rate is 3.50%. Yay :)
    1
  61482. Are you a cancer or Leo?
    1
  61483. The Feds kept interest rates too low too long so it was a pig fest for most.
    1
  61484. Yea man I get you brother. You a stronger man then me to with that traffic. Good video been following you for years now. Enjoy your vacation
    1
  61485. Really like the vids! Congrats on the you tube plaque!!
    1
  61486. Beautiful homes
    1
  61487. The US is one of the only western nations that allow foreign nationals buy properties without residing in them.
    1
  61488. What are those sunglasses? Oakleys? cool
    1
  61489. What the ....7:18 you still have neighbors like this walking around where you live in Florida??
    1
  61490.  @MichaelBordenaro  of course...but look closer to see what he has covering his face in 100 degree temperature...are you having air quality concerns there?
    1
  61491. Buying RE is never tricky in the USA if you follow and study macro economics. it takes effort and prices will drop to 2019 level at minimum. The era of artificial low interest and lending rates are done. That’s your present from the FED and they’ve created this massive bubble.
    1
  61492. Happy 5th Anniversary Mike Love Your Videos and How Helpful They Are God Bless You and Your Wife I'm in Tampa enjoy your stay In Cali 😘🌷🌹🎉☺️🌴🦋🌅🍀💞🕊️
    1
  61493. Most states require "material" disclosure, the rest protects the seller/agents covered under "due diligence". Some responsibility must fall on the buyer as well, it's why you have home inspections done.. Requiring sellers to disclose "everything" opens you up to crazy liability. This culture of, "nobody told me, or taught me", removes personal responsibility, and turns everyone into "victims". Imagine if YOU were selling a property, and failed to disclose something that you thought wasn't an issue, the buyer could sue you for the most benign things. Passing laws that, "protect the stupid", will absolve them of doing their own due diligence, and force YOU to do it for them.
    1
  61494. Get a higher deductible with GECIO
    1
  61495. Hi, Michael! You always mention that folks accuse you of being too negative. Well, I find you to be refreshingly optimistic. I’m happy to carry the burden for a post! I believe that if the Fed pauses or reverses their stance on interest rate hikes will be a glaring and clear distraction for the Main Street population. It’s like: “Look at this shiny thing you can have over here!”, while they are doing something disgusting, “over there”. They do it all the time. Main Street’ers don’t typically find out about it for years, but all is eventually revealed. I hope they continue with the hikes and do more than .25. I also think that people who are taking out these insane loans against their homes, just to pay bills, have already given up and resigned themselves to the possibility of losing everything. So, they believe they may as well go ahead and get everything they can because the consequences are already too high for them. I hope I’m proven wrong.
    1
  61496. Christmas.
    1
  61497. Another good one! I lived in Kendall back in the glory days.
    1
  61498. Just subscribed great videos brother
    1
  61499.  @MichaelBordenaro  exactly. Sad, because the quality of life in a SFH is so much higher than in a crappy condo 20 floors up with noisy neighbors and a dusty parking garage. So many ppl will never get to experience the feeling of a SFH.
    1
  61500. I work in the customer service field and have many heating/ac company accounts. You are absolutely right. Certified and trained, good hvac technicians make a lot of money. The service charges are very high in my area and if customers need after hours emergency service, they can expect to pay thousands for it.
    1
  61501. Bay Area here & it’s too hot!!
    1
  61502. Wells Fargo, Bank Of America...all crap banks run shoddily...toss in Chase too..
    1
  61503. But LOOK at that nasty STOCK MARKET!! Going up, still!!!
    1
  61504. I’m 4 minutes to the beach where I live currently. 4 hours to the coast from Reno is not appealing at all.
    1
  61505. We definitely need to see video like this Michael, Hi from Destin Florida, beautiful weekend here and also See Food Festival nice one week vacation here on Emerald Coast Florida !!!!
    1
  61506. I would have to work 24 hours a day to live on 20 per hour 😢
    1
  61507. Absolutely, buyers communist countries should be banned
    1
  61508. Love the LOCAL CELEBRITY tshirt And your videos too !!
    1
  61509. my family bought a luxury foreclosure in an exclusive gated community for 600k..property is beautiful and now worth 1.2 million
    1
  61510. You are so lucky you didn't really hurt your foot/ankle. I heard Volusia county has highest property taxes. My 1200 sq ft. Are $1200 yr KIN insurance is approximately $850 yr. Home inflated value is $275,000.
    1
  61511.  @MichaelBordenaro  , the video was remarkably clear.
    1
  61512. Okay let's all stop and think about it, all of us is homeless ( taxes, insurance )
    1
  61513. Hey buddy, if people can't afford the rents they won't pay them...
    1
  61514. They could consider self insuring and getting a stop loss policy.
    1
  61515. Thanks!
    1
  61516. Pink slips next year will absolutely devastate the housing market.
    1
  61517. I suspect most people don’t know about St Augustine being the oldest European founded city within the USA
    1
  61518. We just moved out of Charleston SC after 3 years due to skyrocketing housing costs! We did find a similar area where the prices are actually going down slowly.
    1
  61519. Thanks so much my friend
    1
  61520. Sprinkle of rain here st high mountain desert forest plateau hideout NM where it's been cloudy all day. Do you buy your weed from that cop? Ha ha.
    1
  61521. Happy Birthday Michael
    1
  61522. 🥓 is all we need😂
    1
  61523. Hey Michael as always I enjoy the Channel. years after Hurricane Katrina back in the mid 2000's, 20/20 or 60 minutes did a documentary on how insurance companies didn't want to honor the policy pay out's, citing that Katrina was a hurricane not a flood, How could they explain away the visible water markings left on house's up to 15" ft high or the visible markings on telephone poles also 15" ft high, Lake Pontchartrain levee's absolutely failed, making it a flood. People got screwed on that one for sure. Thanks for Sharing...
    1
  61524. Zillow says my home is up 3% in the last 30 days. Not that I trust zillow but its probably about right compared to recent comps. I remember when appreciation was 3% for an ENTIRE YEAR.
    1
  61525. I was wondering if you were going to do a video in the Tenderloin area
    1
  61526. boomers just kicked in to turbo mode towards the SS bankruptcy, they getting like 8.5% more a year making sure they get every last penny. Everyone knows the math too, its insolvent sooner than we think like within 10 years
    1
  61527. 👍👍 awesome young sir Stay the course
    1
  61528. What about refinancing a 3family to build a duplex?
    1
  61529. Michael, you mentioned 2008 when everything was looking great and then crashed. There is always a financial build up before the storm hits. Most individuals never see it coming. Living in California in 2006 I saw the storm approaching (housing market crash) and was able to sell my home in July 2006 for top dollar and moved out of state. Bank interest rates stayed near zero for more than a decade after 2008. Millions of people lost most of their 401k's. What is coming now will be far worse. Enjoy your, right on target videos. Hopefully many viewers will benefit from them.
    1
  61530. I'm down in AZ 2K a week for 2 months
    1
  61531. Michael, I want to give you some pointers from I allegedly Dan's playbook: You got the play-by-play part down regarding how they're going to knock a building down. But then, you need to interrupt your Dire narrative with a random comment about how peaceful the beach is or how wonderful the weather is. Then, return to your dire narrative and then finish your thought with "share your thoughts" Otherwise, you're killing it Michael! Onward and upward Miami Dan.
    1
  61532. These Crash Bros. are dead on. Do do, do, do do, do, do (SMB Theme)
    1
  61533. I miss the $5 footlong from Subway too Michael 😁
    1
  61534. Clearly That dude is a SIMP! A simp is someone who does everything for a woman, requiring her to do NOTHING… hoping they will appreciate it! lol 😂
    1
  61535. Just flew into Atlanta last night. My brother, who just bought a house in January, said he definitely sees home prices near his area going down. Thanks for another great video!
    1
  61536. I like you and Alex C because you guys walk around in nice beach areas!
    1
  61537. The same parents who put up the neon colored plastic SLOW kid sign. These fools expect you not to run over their kid they aren't watching that play on the street when everyone is coming home from work. "Hey kid, it's 4:30pm get out on the street. How do you expect me to get a million $ settlement if your not playing on the street between 4 and 6:30 pm?"
    1
  61538. If you don't like homeless camps of any sorts, just move here to MN. Our very cold winters insure that there will never be tent cities here!
    1
  61539. ❤😊
    1
  61540. I lived in Florida for about 4 years and I liked it, but I moved back to California for mountains, terrain variety, and micro climates. It sounds like San Diego would be a good fit for you.. some homeless but not like LA or SF ..during covid, there were some stupid, arbitrary rules there but not like LA or SF. Marin county is beautiful but it’s pretty chilly at night year round (not many warm nights during the summer).
    1
  61541. Save money by doing things around the house for yourself.If you don’t know how… There is a YouTube how to video about it
    1
  61542. Many reason why volume increased. may be result of seller capitulation and price drop combined with slight rate drop.
    1
  61543. You and a few chosen other blogging realtors are saying that there is an impending housing crash. Not hearing anything on the Main Stream Media at all. Why do think that is? It's like what you are saying about the crashing housing market and what we are not hearing from the MSM are two completely different things. I live in Scottsdale, AZ and I can tell you, that the realtors are being very quiet about not making any money. So it's very hard to believe that there is an impending housing crash anywhere. A huge amount of people are still moving to AZ, and so I am not sure that the crash is being broadcasted here.
    1
  61544. That is a sexy Marsala red 911 . Drooling.
    1
  61545. The national debt..............When you owe money to yourself...
    1
  61546. Were do all the worker bee live ,Like police ,fire ,teacher . It hard to be a working Bee these day
    1
  61547. A current president administration will do whatever there is in his power to stall a recession to not happen in his watch. That a huge stain in their career.
    1
  61548. If they do not pay the Buyer’s Broker, the Broker should be allowed to place mechanics lien on the property.
    1
  61549. Sorry bro. I’m not gonna be able to like your video today. But your signature sunglasses on
    1
  61550. Michael pronounced San-Raff-el Glad you liked The Ron aka Tiburon lol 😊
    1
  61551. I can't wait to get home every day and put my Michael B on.
    1
  61552. "jingle mail." people simply aren't being told that the actual price of a new car in the USA is starting to plunge with some sub $10,000 prices again... FOR NEW starting to appear. Don't even get me started on the whole "unicorn motorcycle mania" which is still raging away I might add 😤 😤 😤 😤 😤 😤
    1
  61553. I'm a trucker and i can vouch for how freight has slowed down. Probably around 20%.
    1
  61554. Fed is so stupid. They don't rase it high enough, start rasing rates too late, and put a $800billion bill thru when you shouldn't be spending a dime when In the (not it's a recession recession) total morons. Glad my parents taught me if you can't pay off something you purchase with the credit card at the end of the month, then don't use your credit card
    1
  61555. I’m a landlord of two single family homes and one condo in Austin Texas and the only reason I am willing to remain a landlord is that the laws favor landlords in Texas for now. With all the leftist ideology moving here from around the country I’m not sure how many more years this will last. Beto, the three time loser from El Paso is a communist who will turn into governor good hair from California the day after he finally wins an election. That’s when I will sell.
    1
  61556. Debt is always bad. No way you can make more than interest rate nowadays!
    1
  61557.  @MichaelBordenaro  yes they are.
    1
  61558. what is wrong with people. commerical real estate runs it all. It's so sad people are clueless.
    1
  61559. Wages increased 0.1 they'll be able to keep up with 23% inflation
    1
  61560. You record in those rich areas because you'll be mugged in the others
    1
  61561.  @MichaelBordenaro  Always entertaining, and informative. Thanks, Michael.
    1
  61562. Just looks gorgeous down there!!! Reminds me of the Venice neighborhood I vacationed at. Great vid. So on-point thanks
    1
  61563. I knew at one time they could do this. But I didn't think it was still a thing. Jeez
    1
  61564. I was like jack didnt invest my money when i was younger and just saved it. I started trading stocks January 2021 to hedge for the future, wished i started when i was 18, im 36 this year.
    1
  61565. 29k a year for property taxes . Wtf ? For what ?
    1
  61566. Back in 2008 we used to buy wholesale chicken nuggets. I think they were three or four cents apiece. What a deal.
    1
  61567. Excellent topic and content. The drive-bys are trying to bail out the banks wth misleading headlines and it isn't working.
    1
  61568. Your critical analysis is phenomenal. Thank you
    1
  61569. I enjoy both styles, You're a handsome fella so you can pull off both looks. I'm just glad to see you wear sunglasses and protect your eyes. So many are concerned with looking "friendly" so they forego their health, pfffft. For me, the biggest draw is your voice. You have a very soothing, personable voice with great inflection. I'd listen to you read the phonebook hahahaha. No way is this a doom and gloom channel, you simply relay information and always show the silver lining via your expertise. Keep it goin'!
    1
  61570. I did my roof myself. Got the permit and all that. The town said they'd do inspecting but I never had anybody do any inspections. The good thing I know it was done right I did it myself infact I did it better than required. But really it's screwed up they don't even show up to do any inspections.
    1
  61571. I love your vidéo! Until the end.
    1
  61572. I never turned my back on daughter.
    1
  61573. That's true but will The People allow it, politically? R they really gonna go back 2 work? According 2 the "antiwork" sub on reddit, that's not as much fun as space tourism & yachts so big u can't get out 2 c under the bridge
    1
  61574. unless you have a hybrid or reall goosd gas mileage car. Gas prices are high.
    1
  61575. It doesn't surprise me that government can afford to hire. But everybody else can afford to hire
    1
  61576. Better for a landscape business to make noise M-F vs homeowners marking noise all weekend.. and a 4 man crew makes noise for 30 minutes vs homeowner taking 2+ hours. Can’t have baller yards and no noise - pick one.
    1
  61577. Great one. But the continued walking gives me anxiety and can't concentrate in what is being said.
    1
  61578. 16:50 why would you want to buy where prices will drop? What keeps them from dropping after you bought?
    1
  61579. Oddly enough, I believe Bank of America on this one with a pretty BIG caveat. People I know that bank with BOA tend to be older & responsible. These people tend not to make big moves & sit on their cash, which would explain why there was only a 4% shift in cash according to the BOA CEO. This 4% shift is most likely to adjust with our current inflation. On the other hand, folks with massive credit card debt & use buy now pay later programs are mostly on their 4th or 5th bank by now. This would explain why we can't exactly pin point these folks savings, not only because they don't have any, but they're bouncing from bank to bank & credit card hopping to keep with the Joneses.
    1
  61580. lol I was waiting for you to mention Great Whites! I’m from the San Francisco Bay Area where the beach’s are too cold! I’ve been to Panama City Beach, Daytona Beach & Pensacola love every minute of it! if I had to pick a favorite beach in NorCal it would be Santa Cruz & Carmel….SoCal La Jolla , Coronado & Venice 🤙🏽
    1
  61581. I see Lisi wisely skipping the neighborhood walks😂😂 ❤
    1
  61582. I hear ya Michael. I finally got outta Dodge (Illinois), Talk about things going up!!!! I used to say youd think with the money they collect the streets shouldve been paved in gold. Nope. Nothing but potholes. :/
    1
  61583. Yeah you're right!
    1
  61584. My son taught himself how to play the guitar while working full time remote!! Lol
    1
  61585. Two other channels, similar to this one, top channels like this one: ‘I Allegedly’, ‘Jeremiah Babe’. ✅
    1
  61586. Bordenaro, Michael.
    1
  61587. Why should I pay your PPP loan off Michael I'm not your mother
    1
  61588. Great message. You're far more truthful than any mainstream media. The American Revolution was won by 2% of the population. The rest sat home, just like today. Only difference, 2% today is millions..
    1
  61589. Consumers are looking okay because boomers savings for retirement has accumulated. I think the working class is mostly debt spending.
    1
  61590. Google, Apple, Amazon, FB, Ford, GM many others have layed off. Only big gov is hiring no work no show liberal activist.
    1
  61591. why not move the mobile home to a cheaper place?
    1
  61592. Congrats
    1
  61593. Thanks.
    1
  61594. When economy is off they come with new regulations/assessments to make the building workers … work and keep some sort of money celerity.
    1
  61595. Hey Michael yesterday I got a call from Wells Fargo because I have my business account with them since 2016. They asked me how my experience with them has been. So I told him my thoughts then I asked him how the banking system was and of course he told me it's never been more solid lol. I chuckled and said yeah ok and that was pretty much the end of our Convo. What do you think how the banking system is right now? Bad, good or solid as this guy I talked to said?
    1
  61596. Woke and green culture is failing because in actual practice it does not work without directing huge sums of taxpayer money to fund it. The money runs out in 2024 and the fake green economy fails with it.
    1
  61597. Do you think it’s a good time to buy a 4plex to rent out with a fha loan since optics’s are going down
    1
  61598. That guy you’re walking with is literally me. 😂 I agree completely and he’s very correct.
    1
  61599. Thanks genius! study history? You don't say! Fiat currency collapsecontinues. Nice walk!
    1
  61600. College is awesome! It was the best 7 years of my life. I got my undergraduate degree at USC.
    1
  61601. @michael Bordenaro, That lady who had several dramatic rent increases sounds like what's been happening in California over the past 2 years. One lady from Los Angeles had to move into her station wagon and have her two children stay at her parents periodically. She was priced out of rent. The phenomenon of spiking rent by hundreds is still a problem.....what's next for the rent increases.....will they go down......will it affect people with increases in homeless as a side effect of such staggered increases?
    1
  61602. LOL BURNT TO CRISP!!!!!!!!!!
    1
  61603. Excellent content btw
    1
  61604. Thank you for the video, the area was so nice!
    1
  61605. The greed is out of control ppl trying so hard to take advantage of ppl Dog eat dog world
    1
  61606. Florida - The Sun Scam State. 🌞
    1
  61607. It took approximately 6 years or more for the last time where prices hit bottom. Approximately 2006-2012, maybe even longer counting the run up. If we're in a similar situation here (although a lot is different) then we are basically just in the 2004/05 of that. If it took 6 years prices won't bottom until maybe 2028 at earliest, but who knows. I'm seeing some price decreases around me at $20-25K. But the houses are still really expensive, and most of the price cuts were on homes that were outrageously overpriced and still are overpriced. Houses are still sitting, especially less desirable ones, and new construction. But okay priced and nice homes (but still very, very expensive) are selling quickly.
    1
  61608. We live in a 🤡🌍😂
    1
  61609. 🎉🎉🎉 I really wonder what it’s going to take to change this new normal?? Enjoy the ride to 150,K subscribers 🎉🎉🎉🎉🎉 Blessings,Carlos ✝️🙏❤️😊🇺🇸
    1
  61610. Those sleeping pods are better than the $800 a month ones in Palo Alto
    1
  61611. Hi Lizzy. Great to see you, again. You two enjoy the trip, and stay cool! 🇺🇲🌞😸
    1
  61612. Apparently many people want amenities...so unless u r wealthy you'll need communal amenities necessitating an HOS
    1
  61613. Love and appreciate your channel and content. Thank you Michael. I learn a lot from your videos.
    1
  61614. The real reason you don't hear how bad the economy is really tanking is because the middle class and poor Americans aren't commenting here on YouTube. They're probably so consumed with working just to barely scrape by, they don't have time like the rich who are always commenting on here saying how everything is great with this economy. The rich really are getting much, much richer due to the extremely inflated assets they own. And the hundreds of thousands of homeless Americans don't spend their day documenting here on YouTube how miserable their lives are.
    1
  61615. Of course we listen 💝 flippers are gonna have to be limited... especially the big investors.
    1
  61616. RE mantra, fake it till you make it !!
    1
  61617. Michael how the hell so many people at the park on a work week. Good walk today keep up the good works.
    1
  61618. Back in 2007 I bought a Bungalow house I fix the basement and attic for renting , I charge 1000 a month for each and I pay 1600 a month fir mortgage, that's the best way to go about I think.
    1
  61619. Are you seeing or hearing about excess hidden inventory propped up by new home builders? ie subdivisions of new homes with “For Sale” and “Sold” signs in front of many of them, a lot more than are listed on MLS
    1
  61620.  @MichaelBordenaro  Yep I went ahead and bought the camera that you have. You are right it has a great picture.
    1
  61621. That’s so weird I’ve been watching reventures videos and I noticed that lately he’s been walking around instead of in his office. Then earlier today I watched his video and I said to myself “so he must now be doing what Micheal is doing.” Lol and then here you are together In a video 😂. Talk about a coincidence.
    1
  61622. The madness continues...
    1
  61623. Thanks Michael 👍
    1
  61624. I’m in in flood zone X. 1500 foot above flood zone ..
    1
  61625. I am not unhappy with how the economy is going. Actually I'm doing well.
    1
  61626. T-I-M-B-E-R!!!!!!!!!!!
    1
  61627. Stop me if you already heard this one before in 2005-2007. Now all we need are negative amortization loans and NINJA loans (no income, no job).
    1
  61628. Around 70 million people in America work for the Government - State and Federal included. These people make More than the Americans being taxed to pay their salaries. Another shocking Stat - 80% of employed blacks work for the Government. Tax Paid Servants are the ones propping up the Consumer Market as they are the ones making the money and buying things - with money taken by force, at the end of a gun via taxes.
    1
  61629. Great video guys! Love watching you both, such good info from each of you. Really enjoyed this one; especially love how conversational it was. Thank you both!
    1
  61630. Never buy a condo! You're asking for trouble.
    1
  61631. There seems to be a huge disconnect between main street and wall street. The S&P 500 index is still too high.
    1
  61632. Solid information, Michael. Thank you.
    1
  61633. Our leaders don't work for us. Inflation is around 20% - they can't even tell us the truth.
    1
  61634. I said this same thing a month ago. Renting is more affordable period.
    1
  61635. The education system doesn't teach students about finances because they want those new freshmen college students to get ALL those credit cards. Watch a college campus the first week of fall. They LITERALLY set up tents to sign up kids to be in debt FOREVER
    1
  61636. Why can’t we have Congress people like you who actually have a brain
    1
  61637. You should've seen the pallets of 100 dollar bills left in Iraq.
    1
  61638. Michael, time to move to the Bay Area. Best weather ever. 😀😀❤️❤️🌈🌈🌈
    1
  61639. Profit before People is the mindset of the rich in America.
    1
  61640. what about Michael Bordenaro sick back hair gel?
    1
  61641. Good report Im in Navarre right now and im seeing Florida is in big trouble. You just watch desantis is gonna end up bailing out these condos otherwise the entire Florida market is going to sour and rot.
    1
  61642. America has screwed itself easy money days are going away no hope we are on a road of destruction.
    1
  61643. Hi Michael, Enjoy your informative videos in the Florida sunshine. Enjoy the sun as we enjoy the chilly rain in San Diego.
    1
  61644. Money laundering from the criminal and drug gangs.
    1
  61645. Glad to see you with 36k subs. Been following since 7k
    1
  61646. $8k for property tax on a condo 😮…I’m in uk 3 bed detached house £2k minus 25% discount so £1.5k because i live on my own…
    1
  61647. 1
    1
  61648. RE prop taxes are a joke...so a house that never sells reaps a windfall.........because it never bumps up.....but a home that changes hands gets RIPPED with a huge HUGE increase.....it makes no sense........there needs to be more balance and the govt needs to run on LESSSSSSS not MORE
    1
  61649. Great analysis of renting versus buying. We are holding off buying a second home for our daughter. Hate getting fined for good credit during closing. Here near Fort Bragg NC see housing cost still high. Military re-assignments are going on and military families need a home. What happens when the government defaults next month and military families can't pay monthly mortgage. Most live pat check to paycheck with NO emergency fund.
    1
  61650. It's the perfect storm
    1
  61651.  @MichaelBordenaro  Rock On, MB! :)*
    1
  61652. Outstanding video
    1
  61653. Well the next deadline coming up is going to be May 10th for property taxes wonder how many people's delinquency is going to be the point where the property sees by the city-state whichever is under but far as people being evicted the City of Albuquerque loves booting out those who cannot make their wage and they keep running over to Gallup thinking they're going to find some place and it's a legacy area here so if you're not going to stay with family you're out of luck
    1
  61654. The rent moratorium is theft by the government. The county is still collecting property taxes on properties while the landlords can't collect nor evict the tenants. If the landlord can't pay the taxes because they can't collect rent, the government still can seize the property on tax foreclosure.
    1
  61655. Why not lifetime mortgages?
    1
  61656. I won’t buy anything built after 1970. It’s all crap construction.
    1
  61657. Student loan debt , and rates at 8 pecent , just forget hoúsing, they can't even pay for a cup of coffee
    1
  61658. Yeah. Truth is hard and even harder to find. Thank God for the few people who have the courage of Michael Bordenaro. My life is better and safer as a direct result of following his advice. Even if he's totally off base I am safer and more secure. Build against the Dark Side in accordance with the Mighty Bordenaro, you cannot lose.
    1
  61659. Not to mention people are using buy now pay laters to cover everything anymore
    1
  61660. Here we go now 🥇
    1
  61661. I make half of $70,000 a year...I guess I can afford to do stealth camping as a roof over my head or continue to rent.
    1
  61662. Love your content! I’m a mortgage originator and would love to talk with you. There were a couple of things that were inaccurate. Your message was spot on though. How can we connect?
    1
  61663. Meatloaf said 2 outta 3 aint bad
    1
  61664. No EV for me Definitely cannot afford that battery cost
    1
  61665. CRITICAL NEWS UPDATE: TYSON FOODS FIRES AMERICAN WORKERS, PLANS TO REPLACE THEM WITH 52,000 MIGRANTS"
    1
  61666. I had 4 home paid less than 4k per years for home insurance earthquake insurance is optional With any insurance you must shop around For home insurance Single story cost alot less Than 2 story home If you had state farm insurance don't make claim on miner thing Make claim only on major things or they going to raise rate on home insurance
    1
  61667. Great Video !
    1
  61668.  @MichaelBordenaro  this isn't even Florida, Colorado. Zero fire threat...
    1
  61669. Sellers are liars, especially today: they know they missed the market peak but they are trying to pretend the market is still booming upward. Realtors and sellers pushing for waivers and earnest money as straight up non-refundable cash as a way to “show skin in the game.” Even when you point out their house has been on the market for months with barely a whisper and zero property maintenance for years. It’s going to probably take more layoffs, high tax bills, and wiped out retirement accounts, to crash the seller’s bubble.
    1
  61670. Hope you ok Michael! Thanks for another great video! 😀
    1
  61671. I wish 1st car $1300 2nd car 900 ins $600
    1
  61672. I dont know what you mean by "comp" at 40 sec. I am not a real estate agent.
    1
  61673. “comp” = “comparison” to a nearby home of nearly the same type and build
    1
  61674. The $5.00 scam meal is limited time only. lol wtf Shoppers get to new vehicles riot on lot & NOW we can watch high price junk crap food riot. Inflation = a lot of rioting going on here.
    1
  61675. When seniors get a COLA then Medicare raises premiums the same amount.
    1
  61676. Sure they said that don’t want to lose busy
    1
  61677. 🏘️🔨
    1
  61678. With all my THANKS and much appreciation .⚘🌻😊
    1
  61679. Boo, hoo, hoo!
    1
  61680. Ever since they raise the minimum wage everything has doubled if all these workers get their demands such as a 40% increase in salary what do you think their superiors will want a Raise also and so on so at the end of the day do you think the pizza guy is still going to charge the same amount of pizza he’s gonna raise his prices and the milk will go up cost to cut your grass will grow up everything will go up you will be back to square one Just making more and paying more The people that will suffer are retirees that are on a fixed income
    1
  61681. Breath taking view towards the ending
    1
  61682.  @MichaelBordenaro  Well ...that was a first Michael.Someone copy and pasted my original comment to their name,...and got over 250 likes that belong to me.I guess even the comment section is not immune from plagiarism.
    1
  61683. How about stop giving 50 million dollar bonuses. The whole system is a scam.
    1
  61684. About the insurance thing at 6 minutes: remember that insurance is the cost to REBUILD the property, not to buy the property. For example, a tin shack on the beach might sell for $3M but the construction value is $200k. In that case, $200k of insurance really does cover a total loss on that building. This goes the other direction as well. My condo is worth about half of the construction cost because It's a concrete building (expensive to build) but it's located in a poorer side of town (worth little when sold). You might need $200k of insurance on a $100k condo to cover a total loss. It's very important to understand construction cost vs sale price. Being in a cheap house or cheap condo does not automatically mean the insurance will be lower.
    1
  61685. They dumped too much free money into the economy. Just look at the amount of crypto bought during Covid.
    1
  61686. I'm at the point I'm keeping my jeep as repairs are cheaper in the long run than having constant car payments
    1
  61687. Michael I see you also like Revenge Travel! Nice road trip to California! Don’t forget we are in a recession!
    1
  61688. Birds love the channel! Chirp!
    1
  61689. Good 👍🏻
    1
  61690. Michael, this is all about buying votes. Same thing Biden did with the student loans.
    1
  61691. I'd love to buy you and Lizzy a cup of coffee on your back home through PHX...least I can do for all the hours of entertainment you've given me. Yea so that area you stayed near the Airport not that great but could be worse...better to stay in North Scottsdale to get a better room, and better restaurants nearby.
    1
  61692. Happy Birthday Michael’s wifey! ❤ nice destination! Are the Keys badly damaged?
    1
  61693.  @MichaelBordenaro  I am also seeing more houses priced too high with extended days listed. One seller dropped his asking price by $1000 dollars . 705k to 704k .... haha seriously like that's gonna matter.
    1
  61694.  @MichaelBordenaro  You are right in that you where able to sell fast even before all this. During regular market times. As long as the house was priced right. It seems like sellers that where sitting on the fence are now listing to try and catch the wave.
    1
  61695. When your property value goes down you still owe on your loan. Biggest bubble in history.
    1
  61696. Yup....banks will call in the Heloc loan....that will precipitate the crash plus add in the mortgage back securities being sold by the FED....
    1
  61697. The increased property taxes are going to increased wage and cost of running government. Just like a business, the inflation is taking a toll on bloated government. Take a Sheriff’s Office for example. Higher wages, increased equipment costs, increased utilities, increased fuel costs, increased benefits costs, etc. So yeah, we’re not really getting anything more from the higher taxes.
    1
  61698. Better question....start doing shows on who is actually hiring.....Ukraine army will be the only one.
    1
  61699. Michael where is that pool home
    1
  61700. New Spain fell in 1776, Germany fell in 1919, England fell in 1945, and America will fall by 2045..........im already looking into Shenzhen real estate the new USA
    1
  61701. Fascinating soliloquy
    1
  61702. Ai girlfriend chat. LoL!!😂
    1
  61703. The political party division is because the views are mutually exclusive. There is no viable center. Forget Yang. Issues like baby killing will always have strong opposing views. Common sense, bro.
    1
  61704. Call me weird but we like to look at homes in the rain. Want to make sure we’re not buying in a neighborhood that floods easily. We were mislead with our last house so we’re not taking any chances.
    1
  61705. i dont believe that #
    1
  61706. What kind of shit bird would rent something for over 20K/month??
    1
  61707. I'm 65 and never had kids. When young I didn't want them, then ended up divorced. No real regrets......especially the way our society is going. You already have grey hair.......why accelerate it with kids? Do you really want to have to explain the "they, them, he, she" crap to your kids when they are 5?!! Plus........how can most people afford kids now?!! Love your channel!!👍
    1
  61708. Increased of homelessness
    1
  61709. SoCal electric rates doubled. Lowest rate is .28C per kilowatt, in LV its .6C Why do u think Ins is REQUIRED? Bc they are owned by the Elites & are the wealthiest entiyies in the world (largest ones). My dad was an Ins guy, he told me all the inside stuff. Depends on the HOA, my last one was more lax than I preferred, some homes were weird blue etc.
    1
  61710. 👍🏻
    1
  61711. right now it's best to be debt free (if you can afford it ). And for everybody else , SAve $$$$$$$$ Supposedly Everything is going Up in Price $$$$$ Then you wonder why People has Anxiety, Stress or Both
    1
  61712. At the VERY MOST 3-5% drop in Miami and Ft Lauderdale area. High demand and no inventory will continue to drive prices SUPPLY & DEMAND. Still no Supply and won't be any for at least 2 more yrs.
    1
  61713. Why wouldn't you do home equity or HELOC for 10K @ 7-8% to pay off your credit card balance that carries 24% interest ?
    1
  61714. Trust no home prices data. Just a attempt to keep the market at the highest prices possible
    1
  61715. Hey Michael if you come to Tampa you should do a walk on Davis island and walk by the house on the bay that Derek Jeter built or stroll along Bayshore Dr. And see the mansions.
    1
  61716. These 2 jobbers you cut loose are a perfect example of how soft the younger generation is. “Pay my loans, I don’t want to hear bad news”. I’m a 70 year old that’s been thru a few ups and downs. Your guidance is the approach I used to wind up with a comfortable retirement. Keep your current format and if these people don’t like reality now, they’ll find out about it down the road where it’ll be very harder to swallow. Keep up the good work.
    1
  61717. Mobile home parks are a scam, you don't own the land and are at the mercy of the land owner. Some states have a limit of what rent can be increased
    1
  61718. Happy Birthday to your wife Michael.
    1
  61719. Great information!
    1
  61720. It's all bullshit. The properties will sell for pennies on the dollar
    1
  61721. Could be high EMF in EV's. And higher chance of fire or electricution in a flood. Explains high insurance costs along with auto pilot errors.
    1
  61722. This is a global problem Michael, everyone should be able to see it.
    1
  61723. Good video you said electrical and plumbing?? What if the home is 50 years old ?? What about the home inspection?
    1
  61724. Happy wedding day to the bride and groom and others in the wedding party.
    1
  61725. I had little social media when I bought my house. I bet some of these crazy buyers are listening to Dave Ramsey telling people to date the rate, etc. Some people hopefully will listen to you, Melody, Todd, and Murph Wilds.
    1
  61726. All heck is going to break loose. Global currency collapse
    1
  61727. This insanity will stop in 2024 and prices will decline by 25% maybe slightly more. I just sold the highest priced townhome in an investor friendly neighborhood 45 days ago. It appeals to middle class to slight lower than middle class. My unit was completely remodeled and stunningly beautiful inside PLUS a new roof, new HVAC, new navy blue and white exterior colors, new appliance with air fry slide in over and every countertop single color black granite, hardwood floors throughout. My unit was the highest price sale in the complex until last week when one sold for $50,000 more with less features. The person that bought the home had a 4.04% locked interest rate and offered $35K over asking to purchase the home for $395K before their rate lock expired. The townhome is 2 beds 2.5 baths and 1,700 sq. feet. The price for a 20 year old unit was $224 per sq. foot on the unit that sold last week. I purchased a brand new townhome in November for my portfolio six months earlier for $337K that is 2,300 sq. feet, all brick high-end townhome subdivision and everything is brand new and modern throughout with high-end finishes. The townhome that just sold for $395K in an older, lower income area that is 1 mile away from this brand new unit I purchased. If the townhome that just sold for $395K last week is the new normal, that means my new property has to be worth $550K-$600K with a $200,000+++ increase in SIX MONTHS. This insanity will stop and I have no doubt that unless the people paid cash for the $395K townhome that will be a foreclosure in 2 years, because it needs a roof and the HVAC is the original unit. Everyone that has a ~4% interest rate is paying WHATEVER in order to lock their rate. It is a terrible mistake that they will regret.
    1
  61728. It's hunker down time right now. The bifurcation between what the politicians and media will tell you is going on and reality has never been greater. If you have money, find a way to keep a hold of it right now. Spend as little as possible. Bad time to do anything big. Wait for the crash.
    1
  61729. Elon and the likes basically say, choose higher inflation instead of taking necessary medicine. Elon sells $60,000 that are purchased with high interest loans.
    1
  61730. People want to pack themselves into those big cities, then complain when they have to pay too much rent. Landlords charge that much because people will pay it.
    1
  61731. Hey guys, My niche is in single family fixer-uppers and until last year to determine if a property was under market I would compare it's listed $/ sq ft to the average sfh $/sq ft in that zipcode using 6 months of sold data on Redfin. With prices dropping should I use the sold data from 3 months back rather than the standard 6 months? I use 3 month solds when comping but this is just determine how much below marker it is compared to the average in that zipcode.
    1
  61732. That was a nice treat seeing that Camaro reminds me of the 67 red Camaro. I had with the black racing strikes win a trophy at the world of wheels and McCormick Place for best paint job and then my ex-wife KEYED THE DRIVER SIDE the day she left me. OH nothing like nice memories ha ha
    1
  61733. I loved your story about your grandmother..My uncle told me about the depression and grandmother
    1
  61734. Renting makes no sense unless you have a lot of income. Of course we all rent in the USA no exceptions. Many rent from a third party but I rent directly from the County.
    1
  61735. Don't change what you are doing Michael. You will never please certain folks, no matter what. It's so easy to watch something else if you can't take what you hear. I don't understand why people don't just do this and avoid all the whining and crying.
    1
  61736. Don't be surprised if foreclosures are sold to BlackRock and no one else!
    1
  61737. America can't fix this, we are in full retrograde.
    1
  61738. I wonder how many banks will feel comfortable in 2nd position right now.
    1
  61739. Exactly! The audacity of these people thinking they can get whatever the hell they want for these mediocre at best small houses in mediocre neighborhoods. I want to call them and tell them they look ridiculous and who wants to buy from people like this even when they inevitably need to drop the price anyway.... which they have been every week and I laugh. Its like take your house down 200k now and save yourself the wasted time because your house isn't worth it. Pricing it 200k less is what it will take for anyone to even consider your house with these high interest rates. Insane!
    1
  61740.  @MichaelBordenaro  I also believe the average home owner doesn’t know or understand how the residential market works. I guarantee you that they don’t know the how the housing values should be priced according to average income in their area. For years the guide for lodging (own or rent) should be 1 weeks income. I believe Michael went over this.
    1
  61741. Loved the content of this video. Michael I’m still confused how so many people were still able to buy so much over asking in last two years. Anyway to find out how this happened? Did they drain their 401k’s or what? I’m in the camp also if just rip the bandaid off and raise rates 2% on July 28th get it over with but I’m afraid Powell is a partisan hack and no balls to do what’s best for our future.
    1
  61742. Great info on your channel! You should go do your walk in Coconut Grove it’s beautiful there and I think your subscribers would love it.
    1
  61743. "This is America, still ... I think".
    1
  61744. Hello young man. Good to see Miami prices continue to inch up. Supply and demand, yessir. FYI there are some moderately priced condos in Delray, 200k, which are doing the same. What a difference a governor makes.
    1
  61745. Love the content in your channel! 👍
    1
  61746. Those houses are cheap because they are in the middle of NO WHERE 😅😂
    1
  61747. ok. OK! new concept 4 U to investigate; to wit. "Volume Peaks in the Middle of a Move." This you could test. Use Miami Area. List the Volume of Actual Sales, Month by month, Since 2018. Then, plot the Data. You will find that Volume of actual sales, per month, Peaked in the middle of the Price move Up. Just wait until this reverses...In the future, Volume will Peak in the Middle of the collapse!
    1
  61748. Yes here in Arizona so much the same on increases. Just wait for the spiral affect next year and 2025
    1
  61749. Don’t allow short term rentals in neighborhoods of single family homes But to be fair, ones already in existence, may continue to until they are solid again
    1
  61750. Yes Michael, still got in Florida! NO!!!…we never did accept an adjustable loan. It’s like a scratch off lottery ticket, you take a gamble. I did one thing right.🤣 Great to see you Lizzy! Michael you going to take us to Fast Food places and a supermarket? I can’t wait to see new listings and tax bills also insurance. Vacations? Lots of people won’t do a staycation. Lots of free things you can do in Florida though. The clowns running it and the ones who want to. Happy 4th! Our son has great memories and lots of money not wasted: camping, day camp, amusement parks, boating, water park,ect. Cheaper though 10-15 yrs. ago.
    1
  61751. Good, bad, or otherwise, it's only the facts that count.....seeing them is now a matter of perception.
    1
  61752. Happy to see you made it down to SW FL! Here's some areas you may want to do a walk through- Dearborn Englewood, Englewood Beach, Rotonda West! Great for viewing homes and to check out the craziness going down there at the moment. Still pretty much cheaper than Miami (big bang for your bucks!) 😎
    1
  61753. Thanks!
    1
  61754. Love Hollywood beach but way too expensive to live at the moment. I just closed today on my mother‘s old house, bought out my brothers at 5% interest rate for a $700 a month mortgage no neighbors beautiful scenery here in Naples NY.
    1
  61755. You are a guitar dude on the other side. Sounds good . Do it some more.
    1
  61756. Here in L.A. it is way cheaper to rent than to buy. Not even close
    1
  61757. thank you Michael 👍
    1
  61758. thx for the update on florida real estate, its crazy here in california, at least in florida theres lower cost of living.
    1
  61759. Meh, "let them eat cake" 😆
    1
  61760. Great information here. Thank you, gentlemen!
    1
  61761. People really need to take a hard look at training for the jobs that are really needed like the trades in today’s economy that can’t be replaced by AI. For too long young people have been told to follow their passion and get ridiculous student loans for such winning adventures as blowfish behavioral studies and squirrel domestic confrontational resolution specialist. Pretend doesn’t work anymore. Get smart and get busy. Time waits for no one.
    1
  61762.  @MichaelBordenaro  how long is the wait ? like 6 months?
    1
  61763. This woman had a desperate real estate agent who didn't care about the buyer only his commission.
    1
  61764. Re condo termination- you have to admire the mental agility of these lawyers turnng up these pesky bylaws in developers' favour. fFom your exposé I see a trend to ditch all these old condos and to rebuild new ones afresh worth for 40 years of enjoyment. I guess you can't stop business people to see a good profit in a time of great lodging needs. You can't stop progress. Change is the name of the game.
    1
  61765. Thanks to @chicken genius, I came to know about your channel
    1
  61766. My first cousins lived there in the 60's. It was modest, middle class living and Clearwater Beach has no high rises!
    1
  61767. You look like such an honest human... I dont know if I should believe you... its so damn rare this day... :)
    1
  61768. They can’t have laws that make it easy for some people to pay little or no taxes, while everyone else is paying the amounts that we have to , to try to save the planet It shows that the masses can’t even make the amounts that the excess wealthy have accumulated obviously not by working themselves
    1
  61769. I have seen several homes in my recession-proof market which are listed below pre-pandemic prices. One home was listed for a price lower than the price the seller purchased the home for in 2008. 🤣
    1
  61770. These buyers claiming sellers lied what is the home inspection for?
    1
  61771. The Cleveland buyers over paid by about $100K! Lol. Sorry, but I live and grew up around here...
    1
  61772. The shades are back.
    1
  61773. Whoops -36
    1
  61774. Happy New year to you and your family 🎊🎉🎉🎉
    1
  61775. Thanks!
    1
  61776. A good incentive would be to not pay capital gains tax if you sell to a person rather than a corporation.
    1
  61777. It won't be before the election because they'll just print money leaving us to deal with the inflation.
    1
  61778. That AI is super creepy. Reminds me of the terminator
    1
  61779. Wait a minute Michael these People aren’t cutting there Palms and there in million Dollar homes? I just had 10 palms cut in my yard.. There’s something called Palmetto bugs 🤔
    1
  61780. Wow! What a nightmare! Being Florida which is number in fraud in the nation, you need to make sure everything is conducted.
    1
  61781. Wow. I’m never first
    1
  61782. Michael I think you’re pretty great you’re bringing a great point polite to the people of South Florida to let them know that you don’t want to take these files because you’re just gonna push you right out of Miami and then I’ll I got to collect all the big money take care of all these ballots that happen they should just get all together and build a condo themselves I wouldn’t let the big developers come in it’s a good thing you should and laid on the big all the gods of the developers not being kind to believe me
    1
  61783. I understand everything you go over except- Why does the Fed want people unemployed? Less demand on homes and goods?
    1
  61784. the FED will bail us out soon! no worries
    1
  61785. Plus, the loan officer may skip town and go out of business. Are you buyers gonna handcuff yourself to the LO for no fees refinancing?
    1
  61786. Not only your mentioned fraud problem, but a totally, completely preventable plague of inflation is raising the cost on EVERYTHING. Car insurance the same. They'd rather total them than fix them , where they used to fix them. We ALL pay for that . Afa home insurance.. Check the lumber prices at a retailer these days.. Yikes ! WE had to shop new insurance this year.
    1
  61787. You walked right past a white ford bronco, and didn't say a word about OJ Simpson.
    1
  61788.  @MichaelBordenaro  blindly serving the clients is also not good. What if this client is a crook in their home country ( which has been the case mostly. There is a research why poor countries are getting poorer. It is because corrupt politicians loot the public money and bring it to USA, France etc). I agree that you have no way to figure this out. There is a news I heard that foreclosed properties will be offered to first-time home buyers first. It is a good step. I am not against small investors who want to buy 1 or two rental properties but big huge companies hogging all the opportunites is definitly unethical.
    1
  61789. I re-subscribed!
    1
  61790. they are now counting illegals on the payroll reports btw
    1
  61791. I can’t take that high-pitched noise what is that
    1
  61792. Great video as always. Can’t wait to see Venice next week I used to live in Nokomis ,,,next-door back in 1992 very laid-back I don’t know how it is today!?
    1
  61793. Michael, good video!
    1
  61794. Walk us start to finish with paperwork for first time buyers.
    1
  61795. Better have skills to be able to fix all your home repairs for it's not cheap to higher someone, especially when your savings is gone😭
    1
  61796. Corporate s started buying up MHP's in the early 2000's around my area of Wisconsin, Oh big profits such easy investment Yup They jacked up the rents through the roof and the last time I was through 4 of these parks just a couple months ago they where all over 1/2 empty all the really nice 16/80's that I brought in when I was in that set and deliver business where all gone Now just old 70's n 80's 14 wides left the roads are all falling apart, Junk non running vehicles all over
    1
  61797. I like your videos because you say it like it is no BS and have good information
    1
  61798. My home insurance is $526 a year with Allstate.
    1
  61799. Something it's very telling in your video... You're walking past a lot of docking space and there's no vessels tied up there. It's not generating revenue. Here in my little town we have dock space and all kinds of water space and it's all used. It's generating revenue. And there's actually people put their stuff in storage and live on boats.
    1
  61800. You want an EV? Lease it, don’t buy it.
    1
  61801. As to the Insurance Companies backing out of Florida, I believe if researched goes back to" Hurricane Andrew" if I remember that was a complete disaster with scams etc. Here in Hawaii, the insurance companies quit giving hurricane insurance several years ago. I was told that the hurricane cycle here is every 10-13 years. Insurance companies monitor these statistics. I do not own, and this is what a homeowner here told me. The State has had to subsidize a company to insure residents with their Hurricane insurance.
    1
  61802. Look better today. A big improvement
    1
  61803. The world is meant for married people with 2 incomes.
    1
  61804. Christians red light ticket story 6 years later is infuriating. These municipalities are picking people like vultures. They better back off
    1
  61805. 🎉🎉🎉 There are so many LIERS OUT THERE ❗️And all that they are doing is trying to get your money out of your pocket and into THEIRS 😯😯😯❗️ Prices will Definitely fall and Double Digits on Rates will also Definitely happen as well. It’s just going to take some time for things to get better. But I myself am saving my money,Getting my credit score as high as I can and hopefully I’ll be able to get some amazing deals. Thank you Michael 😊. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    1
  61806. 40 and 50 yr mortgages will be a thing soon, they did it with cars...theyll do it with houses
    1
  61807. The cost of the house is typically small compared to the cost of the land.
    1
  61808. @michaelbordenaro Sent you a message about my story here in LA where the numbers were inflated!
    1
  61809. I hate Florida but I don't about Miami?
    1
  61810. Michael, check out the video I just put into comments- RE: buying a house of 75 to 100 oz's of silver- explained by a Arcadia Economics
    1
  61811. Im living here in Mexico near Mexico City and Otis a Cat 5 hurricane hit Acapulco last night with 165 mph winds. Having also lived and grown up in Miami I'm just wondering if they had a direct hit besides the destruction what insurance rates would be like in the aftermath?
    1
  61812. love your content.
    1
  61813. That $420K home being "affordable" gave me a good laugh. At today's interest rates, you're looking at a monthly payment of about $2,500 and that's ASSUMING YOU HAVE A 20% DOWNPAYMENT. Heaven help a first time buyer relying on an FHA loan, they'd better have a damn good income (talking at least $8K a month if they want to abide by the 30% of income goes towards housing guideline). Nah, I'm gonna continue to sit on the sidelines and keep saving money until home prices are better.
    1
  61814. Congratulations
    1
  61815. In the 1960's I went to college in California. Five years cost total $2500. It was almost free. My son went to college in California. from 2000 to 2005. Total cost was $100000. The university system was built by the taxpayer. So the real question is where is all the money going? It's not a for profit institution.
    1
  61816. Yup, blow off some steam.
    1
  61817. Google; Home values tend to fall during a recession. So, if you're searching for a home, you're likely to find: Homeowners who are willing to lower their asking prices. Homeowners doing short sales to get out from under their mortgages.
    1
  61818. It may never recover. If and when interest rates drop, pent up demand will flood the market on what little inventory is available. Home prices will skyrocket even higher. The damage the idiots did that run this country could be permanent. The rest, (insurance, taxes, roofs), is really not even relevant because affordability will be off the scale. Unless you’re all cash and can self insure, forget Florida at least in the foreseeable future.
    1
  61819. Thank you, Mike.
    1
  61820. Are you telling me 10% rate on a $550,00 1800 sq ft home that is 40 years old in a mid-tier city is NOT a good deal for a family of 5?!?!
    1
  61821. Fact of the matter is, most people are financially ignorant. The thing is, it's all simple arithmetic. As I type this sentence you just reaffirmed my point, people are just dumb! (myself included, just not financially).
    1
  61822. Hey!! Yes speaking of insurance it was hard to find a good quote for my HO6 in SOBE for a condo and had no insurance for like 2 years cause was really too much expensive to get one! I remember I did asked you for a broker insurance at that time but couldn’t find a good deal then! Got finally one not so long ago since April for $654 a year with Citizens: Owner coverage 30K, personal property 10K, Loss assessment 2K and other deductibles and Hurricane for $500. Don’t know yet about my taxes? But did put on lease for 1 year 2beds 2 baths with parking space on Alton for $3200. Always great to follow you here!
    1
  61823.  @MichaelBordenaro  I agree with the scenario you point out for the best use of reverse mortgages. Anyone interested in one should also check out any up front and continuing fees connected with such a mortgage. Good idea to have a real estate attorney review the deal before you commit.
    1
  61824. they NEVER use taxpayer dollars to pay down the debt, Michael.
    1
  61825. Meridian/Boise Idaho was voted the best place to live a few years back. So many people moved here. Then it was listed as the most unaffordable. Interesting that those two titles followed each other to Miami….
    1
  61826. @MichaelBordenaro Above and beyond the first half of the mortgage being mostly interest, please talk about the closing costs of refinancing. Nobody ever mentions the closing costs and fees. They act like you can just Willy nilly refinance like it’s nothing.
    1
  61827. Nice video! I Allegedly-like. Yeah baby. Make your great talking points the whole beautiful walk.
    1
  61828. People have to be doing the same here in Columbus Ohio
    1
  61829. I pay PITI through my mortgage lender, so I always know the bill is paid. HOA I pay in one lump sum so they leave me alone. Actually they don't, since I was threatened with a fine for having a small sign on my lawn. I don't feel as bad about that as my neighbor, since the sign she was threatened about said "I Love Jesus." Yes, someone had a problem with Jesus. President Trump is in good company then, but I will be moving and taking my sign with me.
    1
  61830. Driverless car just got stuck in wet cement in SF recently.
    1
  61831. The current nonsense in the housing market is due to individual greed on a mass scale for decades. People wanted to make 50-100% every 20 years on their homes. It is literal generations stealing wealth from the each other. Add on to that foreign and domestic investors and you have a big problem.
    1
  61832. People saying rent is too high when it's literally half of what a mortgage is better get used to owning nothing and being happy because the Fed, Larry Finklestein and Co, and the BIS are coming after everything you have and WILL get their way
    1
  61833. Michael, Try a little survey, when you are talking to people ask them how much is a trillion dollars. I've asked about 10 people only one got it right and he admitted it was a lucky guess.
    1
  61834. Reality check
    1
  61835. Crime in a CHEAP Area !!!!
    1
  61836. Hi Michael 🥰 you can be funny 😄 with purchasing colone to smell good for your beautiful lady. 😄 if she is laten like me, we definitely love our men to smell good. 😄 Let me ask you question, these neighborhoods that you walk through have these homes always have been this expensive or was it the pandemic that cause this uprise?
    1
  61837. Nice collab, I watch both of u guys, now I don't need to watch 2 videos can watch both of u at the same time LOL
    1
  61838. What else are Americans aspiring for if one of their main goals in life is to be home owners? Keep playing with Americans and find out! Politicians on both sides need to pay attention. WEF agenda to turn everyone into renters. MFers going to find out! Future President of this country gonna find out real quick. Stop playing!
    1
  61839. Mike GETS it
    1
  61840. I used a 100 days same as cash on my tires. If I hadn't of paid off the $1300 off before the 100 days. My cost would have went up to 3300$ with interest. I made sure I hade them paid off before the 100 day mark but its still sketchy.
    1
  61841. Once again! Watch the 10 yr bond yield. Mortgage rates follow that!
    1
  61842. Great advice 🤙
    1
  61843. Just to give you a point of reference, my wife and I bought (in 1982) in Houston a very nice house in a very nice area of Houston for $700K, the going mortgage rate in '82 was 14% (30 yr loan) and we took it and were glad to take it. We are still in that house and it it now worth about $2M. Again at that time (1982) we were glad to buy at the 14% rate. Final note - we paid the house off in approx 10 total years making larger payments than were required each month. Real estate is pretty much always a very good long term investment, especially when it gives you a nice place to live and raise your kids.
    1
  61844. Those are seasonal rental decreases in northern cities
    1
  61845. Agreed mike. I have been around long enough (67) I have seen the downside of the "IF's
    1
  61846. Cap gains increase = 0 investment. What's the point
    1
  61847. Blackstone and similar investors will win from this!
    1
  61848. hey Mike, been a ...while. but at what specific date was this video produced?
    1
  61849. According to Democrats we are living in Bidenomics Paradise, economy is growing, jobs are increasing etc. But when people cannot afford housing, then maybe the future is not so bright.
    1
  61850. Will mortgages rates go to 9%? According Mark Mobius argues that 9% next year will shock many people into real estate submission. The market cannot operate with these high interest rates. There is no appreciation in Phoenix, Arizona and the latest demand drop has hit 50% in top overvalued cities. Many of these 2020-2022, new home owners are facing negative equity, no refinance possible, or heloc, high repair bills, high maintence bills, property taxes, make this a witch's brew.
    1
  61851. yes to implosion video
    1
  61852. Great video. Current administration is killing this country.
    1
  61853. Michae,l I think landlords in california need reparations
    1
  61854. Go to Venice then come to Santa Monica
    1
  61855. Hi Michael, Thanks for your great videos! Would you be able to do a video for the market on the west coast of Florida, especially Sarasota/Lakewood Ranch area....Thanks again!
    1
  61856. Living with your parents while you have a good paying job to save money for a house is a great idea for your finances. If you're a guy, it means you may have to postpone getting married and starting a family. Most young women fresh out of college would not want to date a man still living with his parents. Hypergamy.
    1
  61857. Wrong! Hard assets were down in 1984. 1983 was the Recession. Then we had the Savings & Loan debacle and the S&Ls were absorbed by the banks. President Bush got the BoA charter in Texas so his bank could start picking up assets for nothing. Nice guy? Do not for get the recession in the 70s. People in Texas had to leave and go up north to survive since no jobs were in TX. Think oil embargo.
    1
  61858. Some wise person once said “misery loves company “ 😂 That’s why I watch Michael
    1
  61859. Other lies that are coming out that everyone fell for.... The sun causes skin cancer. False. Salt is bad for you. False. Many don't get enough salt. Many who were told they have skin cancer were lied too. You don't need to have your wisdom teeth pulled. Im a prime example of that. Butter is bad for you. FALSE!! If you don't have a college degree you won't have a successful life. False The American dream was a cin job to keep people in debt. The American dream is what YOU want.
    1
  61860. The. U.S. and the economy are in a no win situation. No matter who gets elected President in 2024 the economy will weaken and Americans don't like any of their choices. The asset Bubbles in Real estate, the Stock market, and Cryptocurrency are all going to eventually pop sooner rather than later.
    1
  61861. Do it. North central east coast florida is pretty nice to live. Been 25 years here
    1
  61862. Fools pay the exorbitant cost to buy these homes, so, this money grab will continue.
    1
  61863. I remember when the 2008 house crash happened. Up until the very night of the Wall St. announcement there was every manipulation method fed to the consumer. Then the very next morning it all blew up and blew up Very Hard. I said for over 2 yrs that it was going to bust, but some agents kept telling me I was crazy. Well OK. Now the same bust is happening, the real difference is, now you're being told in advance. Take this news and accept it.
    1
  61864. Michael, this economy is complete trash!!!🙄😂
    1
  61865. It's like hot potato these days
    1
  61866. I think Florida will become a playground for the wealthy, especially the waterfront areas.
    1
  61867. Great conversation on the current climate of sales however, maybe should not bad mouth agents on assumptions based on what you observed in the MLS history of price change for a listing. More often its an agent who has no control over the seller who tells the agent they want to go up or down on the listing price, whereas the agent has no influence over that seller and is afraid to lose the listing and does what the seller asks. I say this because if that is actually a strategy of a listing agent, that agent has no clue what their doing. If its priced right, the deals will come and if bidding occurs then good for that seller. The South Florida market requires a skilled agent and no part timers. I think that's the biggest problem we have is agents who have a job and do real estate. No one wants someone part timing their investments!
    1
  61868. It looks like an opportunity for a new insurance company to evolve. I guess it’s also time for people who can, insure yourself. Just pay into a separate account for emergencies only. Idk, just my 2 cents
    1
  61869. How many stores are opening on line?
    1
  61870. Tons of great information in this video in money saving suggestions. A few I know I need to cut out on vaping and such to invest instead. Thanks for sharing.
    1
  61871. Another Great Video. Always important info. Glad I got my Michael fix for the day. Keep it coming bud.
    1
  61872. The U.S. is maxing out the credit cards, knowing full well they are going to file bankruptcy.
    1
  61873. Appreciate your perspective as media typically sugar coats everything for this current administration...
    1
  61874. heard it's a great spot for sunsets as well
    1
  61875. The high cost of food is going to present a business-case in indoor farming, and lab-grown food (and later lab-grown-everything). It will end well.
    1
  61876. You forgot to mention ground sinking. It's actually happening and is measurable but not as sexy to talk about.
    1
  61877. It looks really dry on your walk.Praying there won't be any fires there.
    1
  61878. My calculation is y’all walked about 1.5 miles lol. Great content thanks.
    1
  61879. Hey, that women likes ya. She's stalking ya 😁
    1
  61880. I was at Hollywood beach Saturday neighbor
    1
  61881. Florida Peninsula dropped me
    1
  61882. Some of the professions you reference have license requirements which necessitate education requirements. To be an appraiser now has some education requirements.
    1
  61883. Just an fyi, my credit score went from 830+ to 780 and the only thing that changed is too high a credit balance for one month even though I pay in full every month. Seems tightening is happening to me.
    1
  61884. So Michael when do you think the 45-50 year mortgage lol. Kicking the can down the road. When does the road end lol. Ridiculous! Soon it's just going to be the rich owning homes and everyone else will be staked up in apartments like sardines and paying high rent to these homeowners who will own the apartments.
    1
  61885. Working this hard just to keep a 3% interest rate will cause them to pay at the end as if they had a 5 or 6% rate, lol
    1
  61886. Corporated bond blow up means pension fund blow up
    1
  61887. inflation era 😮
    1
  61888. I've read entire pleadings, motions, etc., on over 150 foreclosure cases. Worked doing para legal work just on foreclosure defense. Every case had fraud by the plaintiff bank. You can't win in foreclosure but you can beat them to your financial benefit. Big banks have idiots for attorneys....they don't expect a fight, they don't expect discovery or being put on the defense. That's how you make it pay off big time. Avoid Venice Beach!
    1
  61889. One of your best shows ever Mike. Learned a lot. I think soon enough we're going to see robot waiters in restaurants. Then we'll have to question is this even worth it, since dining out is supposed to be a human experience.
    1
  61890. By the way, I won't lie. I miss the awesome weather of CA. But it just wasn't worth it any more. The worst part of California is there's no end in sight to the problems. The people in charge keep doubling down on the same policies and Californians keep voting these people in (or they elect new clones of them) again and again. They always think things will be different when a new left wing clone is elected, but it never is. Or worse, they embrace the policies being enacted.
    1
  61891. Keep showing these for sale houses please.
    1
  61892. Vote for no glasses.
    1
  61893. Many People who wants to buy now likely won’t be able to qualify if they lose their established job
    1
  61894. 2008- Difference this time. the World is in a bubble and govts and people are in massive debt although new jobs pay higher BUT MOST workers are still on 15-20 a hour but taking on 500-700K mortgages???? So can houses crash down to say ZERO as some did in the US in 2008+? Well if the maths says so then YES, Anything is possible and we are assuming all the big guys like Goggle and Facebook and these 150K salary places will all survive? Maths and data is what i use and why i profit and never get caught in these traps FOMO ect and this time the world is all in debt and energy is limited and its strangling everyones budgets and china is also in partial lockdown so anything is possible now money wise and price wise and i will be waiting this out for false bottoms and bear traps on the way down. This will be nothing like 1929 as that was just the SM. This is EVERYTHING AND WW AND UNIQUE!!!
    1
  61895.  @MichaelBordenaro  geeeeeze dude. Some people just refuse to listen. Great video, solid insights through out 👏
    1
  61896. I hope the prices drop on my rentals and my home!! I'm not selling so it doesn't matter to me. I just want my property taxes to go down!! Rents will stay high for a long time, they hardly ever go down much!!
    1
  61897. 75 basis points up. ANOTHER 75 Coming in September.
    1
  61898. There might be one or two EV’s that have a 150kW battery. Most are less than half that size.
    1
  61899. Great info.!! You sure do your homework !
    1
  61900. When will it be a buyers market? I am putting in offers at full price but sellers want to " wait because its only been on the market for 2 days."
    1
  61901. Hey Michael I think 300,000 or even 200,000 is all you need for a home I think anything bigger than that you’re just wasting your money because you’re not gonna have a utilize the space other than collecting junk to store them spaces that you don’t really need so I think given 200,000 a good price point tiny homes I’m working on the mobile home space lake as well
    1
  61902. Around 18:00 minute mark. I was one of those 583,000 moved to Florida, Volusia county, and Just moved here right after Christmas, drove almost 3000 miles from California, and the DMV here was not too bad, but registration for my truck was almost $400. But as a mechanic and car guy, No vehicle inspections in Florida is really nice.
    1
  61903. Back 2004-2007 there was always someone coming to the house and asking if my dad wanted to sell here in Brooklyn, NY. Then it was quiet for a few years. By 2011 it seemed like flippers were interested as the market was much cheaper. Everything happens in cycles it seems. Funny i thought about moving to Florida or Vegas back when I saw on the news how cheap a small house or condo were. People from nyc were telling me it was cheap for a reason and jobs would pay less etc. Well now it seems like they are the same people fomo buying in. How is Florida now more then a ton of nyc houses? When you factor inflation nyc has basically been flat since 2018. People running from one "up and coming" neighborhood to the next. When they say up and coming part of nyc you know its already overpriced. lol
    1
  61904. Crazy miami did a 3.5x move while Brooklyn barely doubled up in the same period. A lot of fancy upscale midtown buildings are still worth less today than 2006.
    1
  61905. I think you’ve maybe outgrown Florida, what excited or interested you at one point no longer does so and there’s maybe an urge to move on to new challenges and adventure. Despite the cons, you’re only going to know until you take that leap of faith and risk. It could work out amazingly so. I doubt that going back and forth between the states would really give you the chance to make a complete go of the move and fully invest your time and energy into the new place. Playing it safe is the easiest option but there could be a whole other amazing life that you give up in the gamble. Trust your gut and go with your heart, it will always lead you to the right place.
    1
  61906. Mike, thanks a lot for taking the time to look for all the information but also for sharing it with us.
    1
  61907. Wtf are these people thinking, wait their not.
    1
  61908. Michel ❤😂😂
    1
  61909. I'll give anybody that wants to sell a house 1$ each.
    1
  61910. Thanks!
    1
  61911. ❤❤.
    1
  61912. The freaking rent over here in arizona is the same as a mortage
    1
  61913. Hey Michael, I see you’re from northern Illinois, me too - Crystal Lake. What town are you from in Illinois?
    1
  61914. Word on the street is the Feds will end up raising rates. Welcome back to the stagflation of the 80's.
    1
  61915. 8:00 Iron Man scared me lol!
    1
  61916. 14:41 LOL
    1
  61917. 1 year since this video came out!!
    1
  61918. As long there is a good job market, I highly doubt prices would drop much since it cost so much for a new one. Also local govt will do anything to keep home price inflated to protect their budget so they will lobby congress let Fannie issue 40 yr mortgages. That is why Fannie exist, to support and inflate the housing market.
    1
  61919. Never going to buy a condo.
    1
  61920. The bubble will burst soon and shit will get back to normal
    1
  61921. The warning should of been issued in '71 when they ditched Gold. Considering Fiat currency has never worked for any civilisation in history
    1
  61922. Mike ,, long time viewer still waiting to a total crash or melt down before i just back in ..as for your axe playing nice but lets hear some heavy stuff , whiplash, blackened, dyers eve , so what ,but thanks just play the heavy stuff or old tallica cuz we can agree the LOAD albums were that a 2 loads of crap .could have been one good album
    1
  61923. Consequences for crimes would save a lot of businesses, but the Globalist elite’s goal is a controlled demolition of the USA. Thus they fund soft on crime DA’s. The globalists have no fealty to any nation.
    1
  61924. Ridiculous price especially now with no Russian oligarchs in the market. Seen way nicer houses in Ft.Lauderdale for a quarter of the price. Not sure your exposure of Miami real estate excesses is a positive for the area.
    1
  61925. I know the area well 35 years. Will crash softer and recover quicker. Too many people around the globe want Miami. The domestic buyers who bought site unseen to live there permanently, may find it to hot and too congested. Good job boys! :)
    1
  61926. Good video, Michael. I do have a question, though... What good is pending sales to a buyer or seller? Unless I'm missing something, it's like me saying, I think I might go to Walmart and buy a new TV. Okay. So? If Walmart heard that, would they rush out an order of TVs to replace the one I might buy? I can't think of any good it would do for a realtor, either. So, what if someone puts a pending contract on a house? What would an uninvolved realtor do with this information. What is it indicating? I guess I'm asking what good this information is to anyone.
    1
  61927. B. O. R. D. E. N. A. R. O.
    1
  61928. Love your video’s insightful ;informative and in simple words .I watch every video keep them coming.
    1
  61929. I hope she wins…let us know
    1
  61930. this will get so ugly
    1
  61931. Congratulation Michael ! And 5 more!
    1
  61932. Mike Queen Elizabeth II died today Charles is the king now
    1
  61933. Sounded a little like old black sabbath but not sure. 👍
    1
  61934. Those boats are Amaizing. Now that is some serious cash. U.S.A Envy of the world.
    1
  61935. Ive lived in Chicago (7th gen), Montana state, Naples FL, Scottsdale AZ, Amsterdam, and now back in L.A... moved back here for family. Had 9 gun incidences at my job in WeHo in past 2 years (3 shootings, 5 armed robberies, and a 20 person brawl where guns were pulled). 2 murders at homeless encampment across from where I live. ENDLESS crime. I am afraid to leave the house. Husband and I will move back to Scottsdale when we can. Marin should be nice. As long as you're not in L.A. or S.F. proper. OC has crime spilling in. Carlsbad & Oceanside are great! I love San Luis Obispo and Morrow Bay. Hear NorCal is beautiful! Other cons: Expensive, highest taxes, no freedom, gov't overreach
    1
  61936.  @MichaelBordenaro  Perhaps you could use your influence along with others such as Dan of I Aleged to push for such tax laws in every municipality. We need a fair and just way to end housing unaffordability yet still preserve Free Market Capitalism.
    1
  61937. Hey Mike: Bitcoin is a hedge against inflation! Learn about it
    1
  61938. Yes. The rot of greed has infected our world and is destroying it. The corrupt are running this country. These puppet politicians work only to benefit themselves and their greedy, insatiably money hungry, wealth hoarding monster corporate masters who continue exploiting, manipulating and enslaving employees. Stealing from us. The more profit they make off the backs of hard working people the hungrier they grow; never to be satisfied. They’re absolutely pathetic. The wealthy elites are lying to us as they create this runaway inflation to make their record profits. It’s all intentional. The system is broken and unsustainable. Hence “the Great Resignation”, many employees joining unions and striking; and many more retiring, business closures, layoffs, evictions, etc. A failing economy. Every structure crumbles and falls without a strong foundation. As a family of retirees, we’re living comfortably having the cash to buy what we need when we need it. So no worries or fear here. We’re so grateful for all our blessings. Praying and keeping our savior Jesus Christ close. God bless.
    1
  61939. little doggy
    1
  61940. My car payment is $648 a month for a 2023 Nissan Altima SR🤦🏽‍♀️
    1
  61941. What what!! First 🥇
    1
  61942. Did you mean to spell that as "BROKEN"?
    1
  61943. EV = Control. That's what it's ALL about folks.
    1
  61944. Sure hope that YouTuber can get the additional $350K.
    1
  61945. Live as a minimalist
    1
  61946. GRATEFUL I paid off my student loans, well before this pandemic!!!!😊💯
    1
  61947. 12:57 Our constitution doesn't give the president, or the federal government for that matter, the power to impose rent control.
    1
  61948. 40k per month 😂😂😂😂
    1
  61949. You’ve just shown me once more I couldn’t live in tall buildings or hi-rise whatever their called . I like you’re videos good job
    1
  61950. Congrats 😊 on your 5 yr journey. 🎉
    1
  61951. My main customer makes a billion a year and it's like pulling teeth to get paid.
    1
  61952. Realtors don't do anything that AI can't do today. And AI doesn't need a 6% cut.
    1
  61953. Agents will sell you their grandmother for commission, so nothing they say bears any realtion to reality.
    1
  61954. saw your background and I already know you’re a Metallica fan. I’m from Chicago but my family has a vacation home an hour away from tallahassee. I think if i can get a medical card, I’d move to florida.
    1
  61955. Probable better off living more north, further away from the mutant mosquito's they launched at the end of Florida. Plus think if they is some kind of emergency to get out of Florida fast, say a mountain size asteroid to hit in the ocean or something. You would be ahead of all the Miami traffic to try to get out.
    1
  61956. Our property taxes DOUBLED thanks to the everyone selling MUCH HIGHER on our block & I doubt they will "magically" come back down again after this nonsense dies down....I agree wholeheartedly but saw this crazy train coming a long way off & didn't buy into temptation. I'm in CA (now everywhere is top dollar like CA, even PHX & PDX) so will wait a bit longer to do ANY sort of investing, period. It feels more like 1929 (the 90's recession was most unpleasant so that's close enough) along with the crazy weather events at the same time, it was earthquakes killing the economy back then. KNOW where you are moving....better not be tornado alley for those that love Flatlandia....that concerns me as well with insurance companies less than happy to insure "reasonably" for fire, flood, and other disasters.
    1
  61957. AGREED Michael!!! Regardless of the amount of the next few rate hikes, the FED has repeatedly said that the FED Funds Rate will be at least 5 to 5 1/4%. Then they will pause for a few meeting to see what happens. If that holds mortgage rates will be at least 1 to 2% higher then that. That would put rates in the 7ish% until they begin to lower.
    1
  61958. Actually if inflation is 9 and you have a 6 percent raise that’s pretty good.
    1
  61959. ev tax credit is now non-refundable. it can only be used to reduce tax owed.
    1
  61960. Those cuts at Tesla will save them $1.4 billion in a year if they all made $100K
    1
  61961. not expensive FLL to SJO costa rica $400
    1
  61962. I enjoy your neighborhood walks; wish you'd venture down to Coral Gables too and talk about the market there.
    1
  61963.  @MichaelBordenaro  I know, and I am asking for purely selfish reasons ..
    1
  61964. We love Lizzie…have a wonderful time exploring those beautiful woods together. Love from sunny Florida ❤️☀️
    1
  61965. Michael, oh woe is me. Cheapskate billionaires don't want to pay workers, what else is new? The story of our lives. These workers need to file a class action for wrongful termination and go for the jugular. When people drone on about the sky is falling, generally the sky does not fall; bad things happen when bad things unexpectedly happen. All this crying and nashing of theeth likely will not go very far as Boomers have had their taxes lowered their whole lifetime. Most boomers own their palaces outright and have large wealth war chests to deal with our economic woes. Boomers don't care about interest rates, just about their next vacation. As an early GenX I've had to dance around Boomers and their "me first" beliefs; avoid being their victims of their repeated financial misdeeds. Boomers would love a fire sale; they love buying properties on the cheap. Unfortunately, Boomers could not rig the system like they did in 2008, previous banking and S&L crises.
    1
  61966. Thats because REAL inflation (include energy and food) was 4.9%.. Thru a series of smoke and mirrors the Administration claims inflation is 0 so all of those price increases are a result of increase in demand..which of course not true
    1
  61967. It's all a giant scam. The wealthy elite are training the subhuman doggies to get used to living with less .
    1
  61968. Greynolds park! 😎👍 I grew up in Miami and spent a lot of time there!
    1
  61969. Listen to Joe bideomics is working he told me if you got the kind of money I got from China and Ukraine you'd be doing all right too
    1
  61970. This is an awesome YouTube site this guy speaks the truth do yourself a favour and start listening
    1
  61971. Yup, Ecuador is looking better every day.
    1
  61972. The building blocks of what and why the market and housing interrelate are offered herein for those looking to capitalize accordingly. Sometimes I just go back and re-watch Michael's work to solidify my understanding. Everything's to gain here for the effort of careful listening.
    1
  61973. You Win by Losing, provided lessons are learned…
    1
  61974. We are the only ones that are guiding our buyers and sellers in this market.
    1
  61975. The economy is not in trouble FedEx is for shorting contractors go make up for an inability to profit. It is a business that does not innovate bc it can't. It has relied on squeezing employees, costumers and contractors. Big companies like this are going to be broken up for this uncompetitive behavior.
    1
  61976. Michael you said it 🤔“ ALL OR NOTHING “ seems to be the attitude of this new generation! But this is not only about buying houses it’s for everything else in life ! They just don’t like process!! You can see it in their relationships as well! I think part of this attitude is because of social media all fake and make believe with false hopes for young people ! Truly a disaster awaiting to happen ! 🤦🏼‍♀️
    1
  61977. Thanks Mitch!! Great content!
    1
  61978. Increíble how expensive fl ha become time for a good 2008 crisis
    1
  61979. Mike I'm working on a sponsorship model for the show... it'll pay as if you had millions of viewers. . I wrote the affordable housing model for the US through the Trump Administration.... after providing the affordable housing solution... I can tell you why there is a shortage and it won't ever be fixed... correctly.
    1
  61980. Totally agree, great video!
    1
  61981. Brother you been talking crash for years. Call me crazy but I don't see it.
    1
  61982. @MichaelBordenaro  I actually appreciate your logical thought out videos alot man. I just can't seem to see another crash any time soon. I bought my 1st house in 2011 after the 1st crash so im pretty knowledgeable. I definitely do think you do a really good job and seem to like the videos you do that aren't real estate vids lately more. I'm not bashing in any way shape or form.
    1
  61983. my dad had a 10% mortgage rate
    1
  61984. LOVE your honesty Mike, you and Nik are true PATRIOTS. All the rest like linda a nd jerry , karen and her hubby another clown , reesler mania, these ppl need to stay off you tube.their content is CRAP. Way too many misinformed uneducated ppl trying to make a difference and trying too sell the FOMO verbal garbage in the villages. It is ppl like this that cause non investment in Flo Rida.
    1
  61985. Hello Michael. Just letting you know how much I adore you and your videos. Can I make a request for ideas? Can you do some sort of videos on cases of buyer's remorse from recent real estate boom?
    1
  61986. I am in Palm Beach and I am looking at more affordable markets and I am looking at north Florida coastal areas and also looking at a move to Panama.
    1
  61987. 1.2 mil for a piece of bacon 🥓 😂 - I’d never! Even if I had it 100 fold.
    1
  61988. Wow, just wow on that letter!
    1
  61989. There is a very clear definition of recession. What's happening now is the recession is being masked by deficit spending by the Gov't which artificially makes GDP look positive when it isn't. Shenanigans.
    1
  61990. I mean you do know what mortgage translates to in latin don't you?
    1
  61991. Ridiculous prices for those homes, no pool, no garage, it’s the idiots buying these that keeps the market overinflated
    1
  61992. I’m an investor in south Florida I’m turning over my condo portofolio into single family soon because of all the assessments!!! Single family is where all the smart money is going. Investors DONT wait for crashes to make money we price that into our quote TODAY! Happy investing everyone - so flo investor
    1
  61993. 13:20 Fraud.. lots of Fraud. That's how. Enjoy the Decline 😎🍿
    1
  61994. I don't know else how to say this but I follow a few of you- including Jeremiah. I am not even of the same general political leanings/viewpoints as most of you but even I have to tell you- this economy and these reports are UTTER BULLSHIT. Shame on this government for manipulating everything to lie to us all. I don't know what else to say. So many folks are struggling. My rent went up 15% last year, and now 20% this year (in the northeast) No idea how life can keep going in this direction.
    1
  61995. WOW homepath website has thousands of home listed. in my area, right on my street, but when I look at the house you would never know it. why is that ?
    1
  61996. If the US government was pinocchio. Trust me, its nose stretches up to the moon 😂😂😂
    1
  61997. Florida is the scam state
    1
  61998. california is a tiolet i live here is southern california . It a third world country now plus our southern border tax crime school horrible . Just look up the area 1 million dollar home is real horrible areas 90032 90042 90011 etc etc
    1
  61999. Love the truth. Just stack and buy when you are ready
    1
  62000. Clear Value Tax had a good video today about the various ways to spend extra money. For example paying down mortgage vs saving in a CD.
    1
  62001. 100% right again Mike. HOA's Government corruption is real. the best example we all have is the election stealing squatter in the white house. He is guilty of numerous kickbacks, corruption, extortion, schemes. He has never been charged with anything, and these corrupt politicians need to be arrested and punished severly for the problems. Getting away with 1 trillion dollar deficit every 100 days proves they are corrupt and getting away with it. HOA's and Government need to be severely punished and it will stop. I'm voting for Trump to end this crap. One nice thing about Trump is he is a billionaire and too rich to bribe. Unlike the lackeys in Congress. By the way, the opposite of Congress is Progress. Very good show Mike. Your more knowledgeable than all the PHD idiots at the Federal Reserve. College is a wasted of time unless your an engineer, doctor, or highly skilled professional. A BS degree is just that, BS.
    1
  62002. HOA is also increasing which is a major issue
    1
  62003. Isn't CDFI similar to the Community Reinvestment Act?
    1
  62004. Wheres the sleeveless shirt?!
    1
  62005. Of course it’s up 180% from two years ago! The government was propping up the housing market!
    1
  62006. What a glorious peaceful Wednesday 😊…keep pushing on…
    1
  62007. Come on Michael, "free loaders?" 😂, You mean average people trying to get a decent paying job? If you want to talk about "Free Loaders" why don't we talk about all the millionaires and billionaires that got all that free PPP money? Why is that okay, no questions asked, but average people are "free loaders?" 😂 You know a lot of those same PPPers used that money to buy houses driving up the costs for everyone, but that average person saving 300-500 a mo on student loan debt is the problem 😂
    1
  62008. the problem is percentage fees. a flat fee is fine. but percentage % fees are not practical and arbitrary they only cause incentive to make the house more costly, more expensivie. YOU KNOW inflating the money supply because of arbitrary percentage. percent fees LOL, as if the realtor was there helping you all your life making house payments and repairs.
    1
  62009. There is always a stupid person who will post RE is coming back with rate dip
    1
  62010. The writing is on the wall. Every day it's a little clearer.
    1
  62011. You won't find older housing inventory in Reno NV unless you have closer to 1M on low end but maybe less if you settle for a flooded and burned out fixer.
    1
  62012. The 3 million dollar couple took the loan because they don't pay taxes on debt and the interest from the millions can cover the interest of the borrowed money...in my opinion.
    1
  62013. Come to Las Vegas Michael. It's 111 degrees in Las Vegas today. 😂
    1
  62014. Miami was expensive for food when I went there 4 years ago - excellent food but food was expensive 4 years ago. Cant imagine now
    1
  62015. Well california is a scam it self
    1
  62016. Hello Michael again all good points. As far as the property market the similarities the are the same as CarMax large overpriced number of cars where the sales have slowed down. CarMax unless the customer agrees to a lower figure. CarMax will have to downsized stop buying Luxury cars.
    1
  62017. Really enjoy the videos, keep them coming. I have two friends buying in this crazy market and tried to warn them but they don’t care🤦‍♀️ and no they don’t need to buy right now. One in Phoenix and one in Spokane, two of the markets guaranteed to crash in the next 6-18 months.
    1
  62018. Our government has proven without a doubt that US citizens are not their priority. Their party winning is their focus. They ignored all laws and common sense allowing over 8 million poverty stricken individuals in with no vetting. These are America's new poor...housekeepers, retail and hospitality workers. The neighborhood you are in will be the new lower middle class. They will offer incentives for billionaires from countries like Saudi Arabia and Abu Dhabi to buy property that will be 20 million. They have no other choice. The US is out of ways to delay the inevitable..they are broke. Money has to come in from outside of the US. The billionaires in the US will be foreigners.
    1
  62019. I'm surprised how fraudulent the banking system is ,people's 401k plans get taken in a bank run just like that
    1
  62020. The neighborhood you’re walking through looks real nice
    1
  62021. there will just be 10 banks down the line.
    1
  62022. Just look at what 90 percent of these homes sold for in 2020 they are asking over 50 percent more than what they paid for it just 2 or 3 years ago 😮That’s insane 😮
    1
  62023.  @MichaelBordenaro  what do you predict will there be duplexes available in miami for between 150-300k?
    1
  62024. Inflation has not gone down. The rate of inflation might have gone done. Don't people know what "rate" means?
    1
  62025. One thing to consider is in this type of neighborhood these are not starter homes. The buyer would likely come in with a lot of cash from the proceeds of the house they are selling Its conceivable that if you are buying a $1.8 million dollar home that you are moving up from one that sold for $1.1-1.5 million and are rolling in excess of $1 million cash into your next home
    1
  62026. 3rd
    1
  62027. Best video yet!
    1
  62028. Destroying the country, on several levels, is the plan. It's obvious.
    1
  62029. Thank you for your honesty Michael. I hope millennials eventually get a chance to buy a starter home, including me.
    1
  62030. Micheal I think you are wondering over the line here, although this is interesting it sounds like a conspiracy, true or not, nothing will change in almost all 7:11 cities,,counties , state nothing going to change.This guy is spot on, but I think you should stay in your lane, you don't need this kind of controversy on your affable video😢
    1
  62031. You got a good channel going. BTW, I own 4 leaf blowers. I'm not joking. But I own two houses on very large lots- paid in cash. I live in the rural Midwest.
    1
  62032. If the banks lower the interest rates they are stupid . If you want the price of a 4 percent interest rate.( 2 years ago) The house prices need to drop 40 percent. So Americans stop think and wait .
    1
  62033. Beautiful walk today ❤
    1
  62034. cool overdrive pedal in the back ground
    1
  62035. Remember Bankruptcy stays in your credit report for 10 years and is nothing you can do to remove it. That will affect drastically your potential to acquire any future credit or loans. The law also has changed when declaring chapter 7 Bankruptcy, many times now the Bankruptcy judge will not clear your debt and will make you pay back on a monthly payment basis.
    1
  62036. Imo I believe new construction is fairly valued. The cost of all materials have skyrocketed and have to be passed along... from the screws and nails to the appliances..
    1
  62037. Ya botched Wooster again !!😂 Try Woostah next time! Make sure ya have a lobstah in woostah
    1
  62038. Never ever buy an Ev the batteries are so bad for polluting the environment that it should be illegal to use them
    1
  62039. can you talk about the canadian market, specifically Toronto bubble?
    1
  62040. That is a brutal story.
    1
  62041. Jerome Powell is also not quoteworthy. He speaks in circles, tells lies like inflation is transitory and keeps dishonest books via the BS of the BLS numbers. Another point to make about higher interest rates is that the raising of interest rates is a hidden tax brought on consumers without legislative fiat. I am not in favor of your push for higher rates because they do not help control inflation. Inflation is primarily caused by: federal, state and local government spending that exceeds the taxes that are levied and paid by taxpayers.
    1
  62042. Travelers was cheaper for me for car insurance
    1
  62043. Once again Mike Making the call to clear out the area so he can make his videos. Lol! Stay safe brother.
    1
  62044. Definition of shacking up (with someone): 1. to have a one-night stand with someone; to copulate with someone. 2. to move in with someone temporarily, presumably for sexual purposes. I think you meant people moving in with roommates.
    1
  62045. Have fun at the wedding 💒
    1
  62046. Just skip by those comments your channel is focused on things we can’t get from media. These are your predictions of the upcoming coming housing market if 1% don’t like it then they have hundreds of sources that will paint a perfect picture of the state of housing. If your channel was around in 06 or 05 OMG I would be in a much better place. Now if you and I are wrong what really are we losing? Big down payment, better credit score, no debt. If I run out in this market and buy I’ll be up to my chin trying to make the payments and if any down turn happens I’ll be in the same boat as a lot of ppl were in 08. Keep reporting what you have that’s how your channel grew and will continue to grow.
    1
  62047. The wife had you wear the shirt to support 🇧🇷 for the cup!!! 🤪
    1
  62048. It is NOT rocket science, anyone who believes rates will go back down are smoking crack!!!!
    1
  62049. Didn't they learn from 2008?
    1
  62050. It was a shock to me during the 10th month of Covid not to see a real estate market collapse or more businesses go bust . There were scores of restaurants in the Washington DC area, that were forced to close their dining rooms and focus on servicing customers needs for carry out orders, Everyone was hunkering down in their homes. Due to a general lack of walk in activity in the streets, how many impulse purchases were not occurring? The economy is staying afloat, but the cell phone application information processing movement and the opening of more online store websites reduces business expenditures and erodes employment opportunities.
    1
  62051. Teslas are nkt sitting there lol EVs are up 50 percent year over year. Highest selling car is a tesla model y worldwide
    1
  62052. Very well presented.
    1
  62053. ❤
    1
  62054. 🐊🐊🐊
    1
  62055. Keep it 💯 doom and gloom my friend. People need to know the truth about the economy. The govt can't keep things propped up for long.
    1
  62056. Awwww!!!❤Thank you for the sweetest comment!🙏☺️🤗
    1
  62057. We may all have to move to West Virginia
    1
  62058. Love your videos, Michael. I have a question for anyone who might know. I was looking at the Denver house listings on Trulia and noticed that while a lot of previously owned homes are declining in value, almost every new construction home in Denver showed price INCREASES. What would be a possible reason for this? It seems counter intuitive.
    1
  62059. Let's go, they keep putting out inflated numbers. To depress, the United States citizens thoughts about housing so that corporations can come and scoop them all up.
    1
  62060. How much..holy..$9560.?..these cities and states are corrupt as hell..no wonder everyone broke
    1
  62061. Happy birthday Michael!❤
    1
  62062. Time to do some investigating 😅. Seems to me that it could have some dark 💩 happening?
    1
  62063. I prefer to live in a pod and to eat the bugs!
    1
  62064. Did you say people between 35-44 have on average $97k saved right now? If so is that including equity tied up in property? I only ask because I thought most Americans my age don't really have any savings. Love your channel, I'm a subscriber from England who hopefully will one day have a condo of my own in the sunshine state, albeit the Orlando region.
    1
  62065. I’ve worked hard and was given more work not more pay
    1
  62066. Welcome to the NWO - very sad indeed. Depopulate the world.
    1
  62067. Michael, To get good financial mgt. skills learn what Amish people do. Follow their ways will greatly increase net worth and be debt free. Call it old fashioned. I call it smart.
    1
  62068. Nailed it totally. Demand will plummet as financing costs climb AND inflation eats disposable income. In Canada 8 months ago you could get a 5 year loan with 30 year amortization at 1.9%. Today it is 5.4%. By end of year it will be 6.5% and could rise higher. A crash is coming and has started.
    1
  62069. Listen to Michael, he knows what he's talking about. All the other RE channels are focused on trying to make a killing. Michael is all about survival! Good job Mike!
    1
  62070. What are your insights on San Diego, CA and it’s housing market? where silicone valley is currently migrating too
    1
  62071. If I wasn’t living in Florida, I would be so jealous. So glad that I moved from Ohio to Florida. I love my warm winters.
    1
  62072. Said this morning that there is going to be another interest rate hike.
    1
  62073. Greetings from Costa Rica.🏖 Whatever they are smoking or drinking in Miami, I want some! I cannot believe, like you said shacks, are selling for a million dollars plus.
    1
  62074. IN florida do they not reappraise the homes every year regardless it the home was resold? weird that last home stayed low taxes since 1998, when the homes next door are multi million.
    1
  62075. I’d love to see you analyze some SWFL metro areas. I’m in Naples, which is an atypical market with a large percentage of cash buyers and usually sees a slowdown is Sumer and a pick up in winter due to snowbird season.
    1
  62076. Sorry, I’m in a home with an HOA, is that the same.
    1
  62077. i hope it crashes completely so every person can have a home.
    1
  62078. Thanks guys, really informative!
    1
  62079. Lower you budget? 😂 Most of us are paying more money for health, home and auto insurance than we pay for food because food is the only expense that can be shaved unfortunately. Pantry food
    1
  62080. Look at frame 0:36. Isn’t that the condo that imploded last year?
    1
  62081. The commission percentages won't change at all. I'm dealing with hundreds of realtors in New Jersey with this. So the selling agent will still show four 6% commission which they will split with the buying agent eventually. The buying agent just won't be listed on the contract anymore of the seller. This is a very easy fix it's nothing to be concerned about.
    1
  62082. did I miss the trifecta? 3 days without glasses.
    1
  62083. I watch every single one of your videos. Probably because we both have great slick back hairstyles. I have a paid off condo (plan to rent it out) and I'm looking to buy another property for my growing family and your videos truly help me and my patience with the process. Keep up the content brother! Happy holidays
    1
  62084. Rent’s due MFer
    1
  62085. don't believe any political party in power, all lying POS. FYI I am a small landloard in Florida. Between Taxes and Insurance it takes 5 mths to break even with no mortgages. Home owner is worse I have spent $100k this year on 2 AC Units, Roof and Windows. Lucky I can do it.
    1
  62086. Happy Birthday Lizzy 🎂
    1
  62087. Something needs to be done because it’s getting too expensive to be poor. Like why is car insurance allowed to charge you higher rates based on bad credit? Everything is paid ahead of time. If you don’t pay you lose coverage immediately. And we make fun of Chinas social credit score? Lol An eviction shouldn’t follow you around like a scarlet letter. Not unless the government wants to guarantee housing to the evicted. That being said it should be fairly easy to evict people (and in like 45 states it is except for our most economically prosperous ones so go figure). Eat
    1
  62088. People, give it some forethought before you heading out for special dinner, make sure you can afford it. We have $$$ Pappadeaux Seafood Kitchen prepandemic 1 lb Alaskan King Crab serve with garlic butter linguini (delicious!)$30-35, Now $99, it is fresh and best Seafood but is it worth spending $115 on an average dinner plate? And people are flocking in, some were pretty hefty 250-275 lbs. I was like, I hope you guys can afford to feed your hunger. We are in recession, watch your spending, stretch your dollar through the rainy days ahead, think twice before you heading out to eat for your own sake.✌️
    1
  62089. Glad ur ok Michael
    1
  62090. There been llc that are now selling homes because they try to rent them out and nothing. No one renting there more living in rv and such. So now there selling and no one is buying.
    1
  62091. Hello again Michael keep going fella ,its very informative to see whats happening over the water :]
    1
  62092. You two are adorable!! Great saving tips.
    1
  62093. FOMO sellers? So people that don't have to sell a property are going to do it on a downturn? Interesting.
    1
  62094. increase your deductible to $1000 instead of $500 and your car insurance bill should be lower.
    1
  62095. I made a meme today of a guy laying on a therapist couch that read "Is the website that tells you your home is worth that much in the room with us right now"
    1
  62096. I have friends in Las Vegas and their rent went up +15% this lease agreement. Apt 2bed/2bath 1035sqft on a decent area. Landlord haven’t make any upgrades in the last 10 years and rent keep going up EVERY.SINGLE.YEAR. Services in the apartment complex are getting worst, they claim they are short staffed and to fix anything take weeks. Is terrible, they raise because they can, thats why. Greedy fks !
    1
  62097. My sewer drain backed up 🤦‍♂️🏴‍☠️
    1
  62098. Take my fn money! I mean the banks money.
    1
  62099. A few months back I had to get some major car repairs that were over a grand. Thankfully had the money to pay for it. While I was waiting for my car I saw person after person having to finance basic repairs or services thru the repair shop. It's worse than they say
    1
  62100. Jaw dropped at car insurance costs. I just switched to progressive 6 months ago and after the renewal increase it’s around $560 for 6 months with uninsured motorist coverage on a 2023 Acura Integra.
    1
  62101. As someone who lives in California, I agree that the state is failing its citizens. However, what I notice is that people who bash California are blind to what is happening in their neighborhood. There is a quote from the Bible, spoken by Jesus Christ: "And why do you see the speck that is in your brother’s eye, but do not consider the plank that is in your own eye?" (Matthew 7:3) These problems are everywhere, and this country is on a downward spiral.
    1
  62102. I heard they can go 300 miles on one battery charge. I also heard they’re not good in cold weather. I live in the Midwest, so I would be worried about it not starting in the winters.
    1
  62103. I had a house in Normandy island. That location is gold….those houses will never be cheap or go down in price. We paid 125 k for our house in 1989, sold for 650k in 2009. Everyone wants to live near the beach therefore Normandy island won’t depreciate. Don’t be fooled…
    1
  62104. I'm trying to move to FL next year... with that being said I'm probably just gonna buy a trailer instead of a house... because of this shit market... I have a credit score of 789 and in PA I make 103k a year in FL I'll take a pay cut to 80k but it is what it is
    1
  62105.  @MichaelBordenaro  wife told me house or nothing haha! So we're looking to move in May of next year! What parts of Florida do you work with?
    1
  62106. I'm a custom builder and I won't participate in this bullshit. Haven't built a new home in 3 years.
    1
  62107. Miami property has increasing insurance costs . With declining values, looks like a double whammy .
    1
  62108. Love the stories Michael. I live debt free; however, I have a bud that lives fully leveraged. When I buy something (car , home, boat) I ask how much. My bud buys expensive stuff and his only question is, "what's my payment". He doesn't care about interest rates, debt, or terms. His only concern is keeping his monthly payment at a given level...A highly leveraged life. He's living like a king and I'm living an avg livestyle. Who is right? When we both croak, who was right???
    1
  62109. Another great video with invaluable information, however I see you didn't learn your lesson about those flip flops lol.
    1
  62110. I think what drives people toward destruction is status. Trying look like you can afford something that you can't afford.
    1
  62111. Hi I dont ever use credit as I save and pay cash and earn interest on My cash in the bank and buy free stuff with the interest but dont buy much as it is mostly made in china.
    1
  62112. I lived in L.A. too but this is nicer.
    1
  62113. Seeing 20-50% off all markets, anything less is just a attempt to keep this artificial bubble alive.
    1
  62114. Same here man it’s been raining the last few days in Gainesville
    1
  62115. You speak so well and drive a clear point so effortlessly with clear examples that back your conveyance that life is now different since the gov is done trying to hide their fuckup that drove/fueled the housing crisis of 2008.
    1
  62116. What I spent at Home Depot could've got me a Lamborghini 😂. Can't walk out without spending a minimum of 200. 3 houses sucked up a lot of money.
    1
  62117. Awesome video again! I'm just sharpening my knives while waiting for a good downturn 🙌
    1
  62118. maybe what the lawsuit with the buyer's agent is looking for is to have the buyer pay their agent's fee. I always thought that it was unfair to the seller to pay the entire commission. Especially that the buyer's agent does not incur almost any costs when compared to the seller's agent.I am all for having the agents paid, but not for the seller to carry the entire fee.
    1
  62119. Any home insurance updates ?
    1
  62120. This is funny. IMF used to impose restraints on 'Third World' government spending. And those countries regarded IMF as a tool of US 'Imperialism.' US is in BAD shape if IMF is warning this government!
    1
  62121. Government must lie because the politicians that caused this want to be re-elected.
    1
  62122. My grand kids think if you want something just buy it with a credit card. They get cash in their birthday & graduation cards but they never use it. Their parents take the money & put it in a savings account for college. Yet they have no idea how much things actually cost because they never use cash money.
    1
  62123. She has ego issue. Sale house, 2evs. Psy off shudent
    1
  62124. This economy provides opportunities for the people that take advantage. There's flow but the current is weak right now. Best asset class to be in right now is Bitcoin, but people love to hate things they care not to investigate about.
    1
  62125. 9k a month 😆 I'll sleep in a tree.
    1
  62126. Thank you.
    1
  62127. Reminds Me of George Carlin The Mall so many people eating but the people there look Trendy and look's like a nice Life style.Must be nice living there.
    1
  62128. As a poor millennial, I'm looking forward to buying a house in a year or two. It's way to expensive for people my age. Why would I buy something that will cost me 5x as much as it did my grandparents? Edit: nice guitar playing
    1
  62129. There won’t be a reset because we’ll have a new monetary system to learn and deal with. But this is where we’re at.
    1
  62130. Thanks Mich
    1
  62131. Would it be rude to try and negotiate $40k less than asking price if I am not taking out a mortgage and instead I can pay cash straight out? New England hasn’t experienced any market crashes yet. Prices are still overinflated and I just want fair pricing. I’m not sure if it will work but I will try.
    1
  62132. Thanks!
    1
  62133. Unmarried couples should never buy a house together, if they break up and it’s ugly someone is going to badly burned or both
    1
  62134. I’m frugal just like our host
    1
  62135. I heard that high rise condos in Miami beach were selling for $10k during the 2008 crash! Was that true? If so I would wait to bye in Florida 😊🐬🌴🐚🌺!
    1
  62136. You should come visit some of our listings. Come to my open house tomorrow at 600 NE 52nd Terrace for $1,599,000. I’ll be there Saturday 12-4 pm.
    1
  62137. Its a worldwide problem , After the GFC , Russian , China ,Brazilian and other foreigner bought properties in the USA . There economies were notes badly hit so their business were doing well .This time around there will not be foreign buyers ( Russia is banned , Chinese are in BIG trouble ) . Lots of Foreigners are actually probably going to sell soon as their own problems . Oil Price increases is NOT caused by Russia , Russian oil is still being sold . You will have a real food problem comming so food will get a lot dearer . No matter what you do raising interest rates will not lower food prices Oil prices , BUT it will cause a big drop in affordable homes and investment properties . As the saying goes "Don't Fight the FED" , it will do whatever it takes to get what it wants and has unlimited money to do so . The Fed drove the Stock market up and the real estate market , now it wants it down .. Bank of America shares hit $50 today they are around $31 , thats 38% drop this year . Real estate will follow the stock market down it just takes much longer . Would you buy a $1 million house today or would you like to pay $750K in a year or two maybe $600K in 3 years .
    1
  62138. Insurance has always been a Ponzi Scheme.
    1
  62139. I do remote work so I can't turn the a/c off (I also live in Florida) but I keep it at 78 and only run it from noon to 10pm and then shut it back off until the next day. I have a friend who does couponing (two actually) but these women get paid hundreds of dollars to take away the free stuff that overlows their carts but I can't just eat whatever (I do keto) but it's good for people who don't mind eating whatever is on sale that week and can be flexible. I don't have any debt and have been working on investments and savings. Great tips!
    1
  62140. congrats on your youtube success
    1
  62141. Excellent light Michael, the Golden Hour!!!
    1
  62142. people can't even afford their car payment, much less a mortgage. Folks are simply burning themselves in debt. Debt is your enemy and yet people just think they are thinking their debt to be an asset. You people don't understand that the worst is yet to come...
    1
  62143. CT native looking to buy an investment condo in FL. Gotta wait out the market before we drop the hammer!
    1
  62144. I have question: if one gets rent moratorium does the person have to pay back rent eventually or did they just lived for free.
    1
  62145. Prison terms for flippers and illegal investors coming soon as they are scamming banks,each other and burning and flooding homes illegally to try to scam insurance. Homes are supposed to be where people live and not used as a commodity for profit. Desperation on every level as the markets are shut. Game over. Only down from here. Not so much in Midwest but Florida is just a horrible situation. California been dead for a long time and NY is a catastrophe on its own. Even if they say the homes are up in value it doesn't mean anything. Because the reality is different. Only a matter of (short) time before the banksters are unable to land anything not even car loans.
    1
  62146. Nobody talks about how much money the Real Estate companies are making. Many large real estate companies are filled with very wealthy executives and plush offices. They are making 1.5% commisions are doing nothing and perhaps 3% if the buyers agent and sellers agent are from the same company.
    1
  62147. He is absolutely right. We started watching you 90 days ago. It just took us this long how to figure out how to comment..lol
    1
  62148. Congrats on 5, here's to 5 more!
    1
  62149. Whole magic show… lol.
    1
  62150. 🙏👏
    1
  62151. I drove busted down cars till my late 40's. Best way to save money don't poor it into cars
    1
  62152. You're spot on Mike, I know someone about to do this soon.
    1
  62153. He keeps it real and that's what I like about him. He's so cool. He's the type of guy you hang out with at coffee houses, where I have met some of my best friends.
    1
  62154. The consumer sentiment gauge is rigged, just like CPI, just like everything else. Don't trust your lying eyes!
    1
  62155. Great video and good point about insurance. California and Florida are the tip of the iceberg. Even "safe" places like the Midwest are vulnerable to various hazards. Look up the New Madrid, Missouri earthquakes of 1811-1812. It was so strong it reversed the flow of the Mississippi and range bells in churches in New England. And how many homes along the Mississippi have unreinforced (no rebar and concrete in the middle) brick walls, or basements into which the house can fall if the home moves a few inches to one side during a tremor. Add to that to tornados, ice storms, etc.
    1
  62156. Michael, curious what property taxes are doing there. Here, assessments are every 2 years and people who think their home is affordable when they bought at double the price with a low interest rate are going to be in for quite the shock.
    1
  62157. What this administration cant keep spending 1 Trillion every 100 days? From 2020 to 2022 the DNC printed 40% of the dollars in circulation in just 2 short years. Nuts.
    1
  62158. frist
    1
  62159. It's nice to know the reality of what we're all living in. But, it's also nice to have a little bit of hope. Ok, I'll pitch for a " piece of good news" once in a while 😊
    1
  62160. “ If you don’t grow/improve everyday . You will always a VICTIM of Rapid change “ - Brian Tracy This is 💯 FACTS
    1
  62161. don't you worry about me , I 'm not buying anything , The Prices are Sky High This is fit for Millionaires, Billionaires, and Trillionaires to buy their Luxury Toys.
    1
  62162. Love the content! Question. Should you blur out license plates in your videos, if it's on private property? Also, the Fed isn't out of touch as you alluded. We know it's optics, not ignorance.
    1
  62163. The free, easy, cheap money since the 2008 crash is now going away very quickly for sure. The rich got richer, and we had a serious sugar high. Now the clean-up begins with higher rates, layoffs, companies going BK. Every cycle has it's high and lows. We are at a record high in all financial assets, now we are heading down the curve. If you have money at the bottom you will see bargains, but worldwide I believe we are heading for a serious recession or worse. Buying when things get really bad is the hard part....best of luck to you all.
    1
  62164. Ha Ha ha!
    1
  62165. Michael See what Boy scouting did for you. I was one too . Always be prepared !! I sold my home 18 months ago Made a Killing . Now renting from a friend ( Great Deal ) Until the time is right !!! Great Video !!
    1
  62166. If the FED tires to cut rates into 4% inflation we will have double digit inflation again in short order. Cut rates and commodities, real estate and equities will see an instant bid
    1
  62167. Michael always tells us to check out this video right over here, like he's going to add a card with a suggested video, but nothing ever appears on my screen. Is he just forgetting to add the cards or are they being blocked on my device?
    1
  62168. Live poor be rich. I did concrete casting, red iron construction, drove OTR for 7 years, then did warehouse work. I am semi retired at 40 and am now 44. I tried full retirement and hated it after 3 months. I dont think I will ever fully retire. Work a brainless job 3 days a week maybe do a side hustle that you enjoy and be able to go to another brainless job tomorrow. Keeps you on a schedule with good health insurance. Gives you time with people and keeps stress low while being able to keep up with inflation increases as your wages increase.
    1
  62169. Condos are overpriced.
    1
  62170. Happy Birthday, Lisi and subbed 🐕.
    1
  62171. Thanks to the Most High that we have you keeping us informed.
    1
  62172. investing 6k a year in a roth account would be the way to go.
    1
  62173. This video was one of your best for educating both buyers and sellers of real estate. Your advice has just saved me negotiating a purchase this coming week. Your seasoned experience that you share daily is PRICELESS to me as an investor. Thank you again.
    1
  62174. the water off sausalito is murky, where to swim?
    1
  62175. We need a recession
    1
  62176.  @MichaelBordenaro  Thank you.
    1
  62177. You know who wins, Zillow Redfin ect..
    1
  62178. You can't base your argument on the notion that 'Something's really bad (too much government intervention) but since it's so bad already we might as well work with it.' No one has easy answers on how to reduce government especially since government is busy making everybody more dependent on them and as such pushing people to demand even more government. I think we have to put the main culprit here center stage. The Central Bank. This entity which isn't even public but private is meant to regulate the quantity of currency vis-a-vis hard assets to keep prices stable (although not entirely stable because they want 2% inflation officially). I like to hear that people favor a free market economy approach with less government intervention. That's certainly laudible. But we don't live in a free market economy with a Central Bank. This institution interferes in the market and doesn't let the market set the interest rate. This causes all sorts of distortions in capital allocation when rates are too low than what the market would set if it were freely allowed to do so (prior to 1913 the US had no Central Bank). And despite their interventions they haven't even kept prices stable. So why do we need them, their main mandate to keep prices stable is yet again failing (as it did back in the 70s and 80s and back in previous decades). So why continue to trust them with something as precious as our currency which we use every day? And because rates are comparatively lower and asset prices inflate such as real estate you will attract foreign investors trying to benefit from this. And believe me, even without foreign investment we would still be seeing these excessive prices just look at places such as Boise that most foreigners never even heard of. So while it's easy to blame the big investors abusing their power, we should ask how they were able to get so much money in the first place. The answer is simply. Cheap credit thanks to the Federal Reserve, allowing investors to indluge and grow bigger, while citizens get sucked dry. So no, more government regulation isn't the solution, but let's also admit we don't live in a free market economy with a Central Bank that is destroying our purchasing power every day!
    1
  62179. Oh that "rental assistance" sounds like a money funneling pick all your friends to get free rent/and your friends to get paid. Probably paying themselves these politicians are.
    1
  62180. Thanks, Michael!
    1
  62181. Affordability is a HUGE issue. Not only r interest rates up, but so r property taxes & insurance. When u tack that on2 the mortgage, it puts many people out of the running. Let's not even go n2 people losing their jobs. No1 wants 2 b house poor. If ur @ an age where u want 2 retire within a certain time period, an expensive mortgage is not something u want right now. It doesn't add up.
    1
  62182. its crazy that yous twos hooked up. I been watching the other dude for a long time
    1
  62183. Once again, right on the money Michael. As if the home owners insurance issue wasn't already bad enough in Florida before Ian, I can't even imagine what will happen after Ian!!!!! I think it's the straw that will break the camel's back.
    1
  62184. I hear you'll love Mexico 😂
    1
  62185. Wow!
    1
  62186. Well presented and thought out video.
    1
  62187. Still for sale 674k
    1
  62188. Such a shame there won't be any land to grow those great crops because development is out of control. Constant zoning changes allowing the developers to run rampant and a lot denser housing so more people per square area and they all have to drive cars which makes it even hotter. It's a shame that the commissioners will never turn down the developers bribes to have things go their way. Look at what the Bacardi family has done to the Calusa golf course and what's coming to the area. People are fighting, but I've never seen developers not get their way. :(
    1
  62189. You should do a video about FL rent. Planning on moving into a condo this fall, and wondering where it may go
    1
  62190. If you have a lease, and you pay on time and you follow the terms and condition of the lease. they can’t kick you out because they want to sell the property, the new owners have to follow the terms and condition of the lease to the lease is terminated.
    1
  62191. Michael after Jimmy Carter created all the inflation in the Reagan administration I had a 8% mortgage while my neighbor had 18%, the. Reason they got it back in shape is the national debt was like 2 trillion where as we're in deep 💩 because we have 33 trillion. In debt , and think about this when prime was like 2.75 % why didn't Janet yellin and the other criminals ,why didn't they refinance the national debt , they are taking B down America, this is controlled demolition. When this craps the losers won't be able to pay the winners ,everything will lockup , when you lose your jobs you will have to decide what you will let go , and I hate to break it to people your house is a liability no an asset , and it has about a minimum of 4 counter party risks , simple explination people that can take iyour house from. You
    1
  62192. BRO love the long videos. Keep it up!
    1
  62193. Lawrence Yun might now be telling the truth after these recent lawsuits that were unfavorable to the NAR
    1
  62194. Who can live anywhere in Florida? It anywhere. I'm in an one bedroom hud apt on Colorado ( so blessed). If i were to rent this place full price it is around $1,200 a month. I can't afford that?
    1
  62195. The media got everyone giddy about nothing. They're probably working with retail advocacy groups to squeeze more money out of Christmas shoppers.
    1
  62196. My brother bought two apartment units in nyc. I think he is crazy for doing so. Now I really feel bad after this video
    1
  62197. Those sidewalks need a couple of guys with leaf blowers!... lol
    1
  62198. LOL, the reason house prices are going up is because they guys with the leaf blowers don't have a mortgage yet. It's stupid money that still buying. You're right again. Its a temporary blip.
    1
  62199. MOST PEOPLE IN AMERICA IS BROKE!!!!!!!!!!
    1
  62200. If first time buyers are screwed then EVERYONE above them are stuck. No new buyer then no one moves up. Current owners better get ready to pay up or else... Starting to smell like 08 again. Bring it on man, full force. We all know there is no such thing as a free lunch FOR ANYBODY. Michael where the hell is the huge population surge to cover all these homes? Far too many have second and third homes who, I suspect, will let them go very fast when the shite hits the fan. Job loss could be the trigger as crypto is in a bear mkt and should be for another year or two. I suspect many cities will go after air bnb type such stuff for tax errors: zoning issues, ALL TAXES not just property taxes, etc.
    1
  62201. 100% never a truer word spoken. The surveillance and big brother is just starting!
    1
  62202. HI Michael, great to see you and Nick together in Miami.
    1
  62203. Check Australia mortgages', no more than 2 years long than it adjusts, Australia is going broke.
    1
  62204. T y Michael ( HELL NO ) ! : )
    1
  62205. Oh man you guys are spot on
    1
  62206. what is the tax liability on a 2.7 million dollar property
    1
  62207. How can anyone believe any government numbers? The Social Security COLA in no way has kept pace with inflation. They say wage growth has been about 20% and they claim that has kept pace with inflation. I call B.S.
    1
  62208. I used to love going up to that garage for the view…local’s secret!
    1
  62209. AT SOME POINT YOU GUYS WILL BE RIGHT 👏 👏 😎😎 lol
    1
  62210. Another really really Goode one..thank you..for Another barn burner
    1
  62211. THE FED IS SLEEPING....
    1
  62212. Nice area! I found out about the flood insurance this year, but I own and live in a building. My renewal came with a note stating that if I wanted flood insurance I needed to get a flood policy. As I said in the past, insurance companies are around to make money not pay out.
    1
  62213. I live in tank tops they are the best..that's why women where them constantly they are smart.
    1
  62214. Loan companies will go out of there way to come up with all kind of schemes. They have to if they do not want to go out of business. Besides. With Interest rates higher, they need someone to work for them. All the prior loans pushed there profits way down. Now they need any suckers they can find to take new loans at higher interest rates this way they can continue to make a profit with little to no risk. If you default, they will take the home and the money you used for down payment and re-sale the home. Longer payments, more money spent, higher interest rates more money spent, higher home price, more money spent. And who is paying for it us. They know people do not do the math but a home at 300k would be close to 600k when final payment is made on the loan. While rocket mortgage sits back and watch you work to pay them for the next 30 years....i would offer 1% loans to if i could sheeeeeed......😊
    1
  62215. Hopefully the era of overinflated bubble prices is close to over. I believe you will be rewarded soon for saving and you'll be able to buy what you want where you want it. That rubber band always snaps back even if it takes years/decades. Good luck.
    1
  62216. The future is getting rid of the fed...a private corporation that profits off of us, and auditing the IRS. And returning to the gold standard.
    1
  62217. Thanks Mich!
    1
  62218. Michael do you know anything about buying in St Thomas Virgin Islands? Wondering if it would be a good investment.
    1
  62219. My neighbor did a reverse mortgage on his property. Can he get out? House is worth about 750-800k, only owed 60k. It’s been about two years.
    1
  62220. I regret not buying bigger in 2016....We have two kids now with a 2 Bdrm house. Its cramped but CHEAP. House will be paid off in 3 years.
    1
  62221. I'm a veteran and I agree with you Michael. Government intervention and socialism may seem to be the right way to go at first, but it only weakens the system for everyone and creates moral hazard. This is NOT sustainable.
    1
  62222. "El Cajon" for those of you wondering. You welcome.
    1
  62223. Welcome to my neighborhood
    1
  62224. Great content Mike
    1
  62225. My dream to run into you and be invited on camera! Can’t afford Miami though 😅
    1
  62226. I wouldn’t be surprised if the appeal overturns this, just because judges are supposed to enforce the law rather than change it, and this ruling is a significant change to the previous legal norm.
    1
  62227.  @MichaelBordenaro  I heard somewhere there is an actual hunting season for alligators!
    1
  62228. First
    1
  62229. Hi Michael, I love your channel. We are looking to move from Orange County, California to Palm Harbor, Florida. Any knowledge you have about this area of Florida would be greatly appreciated. Thank you for all of your insight and great videos. 😊
    1
  62230. 👍 👍 👍 for the effort
    1
  62231. Real wealth comes from energy. For now long can the central bankers easy money scheme go before the shrinking energy supply leads to civil unrest and hungry people lose it?
    1
  62232. Nice Miata in the beginning of your video. I'm gonna apply for heloc to buy US treasuries, hahaha!
    1
  62233. 💯💯💯👍
    1
  62234. Wow.... a 1500sq ft house that sold for a million dollars!!
    1
  62235. All because of low interest rates where nobody can make money off them. If institutional investors could make 6% in a treasury, they wouldn’t be working for a projected 9% with all that work and risk
    1
  62236. We’re fine financially, but we’re not spending like we used to. Restaurants are not worth the costs anymore with kids, and we have enough stuff. Just buying the necessities, really.
    1
  62237. Lions, tigers and bears oh my 😂😂
    1
  62238. All the city has to do is outlaw airbnb
    1
  62239. Can't pay your bills? make more money. We call this person accountability. Don't have enough for retirement you should have saved more. Sadly Americans know more about their baseball team or about the Kardashians than about their money.
    1
  62240. Great video as always; hope Lisi had a great B-day; looks like she had some great weather and a fabulous view!
    1
  62241. Thank you for taking your very public stand on this subject. We, the 'silent majority'. don't have the vehicle to let our message out in a public manner as it's just not our thing. We pay our taxes, vote and speak up in our local communities but it's not the same thing as having the capacity and purpose to speak to a much broader audience. And, you do it very well and better than most of us.
    1
  62242. Additional comments on foreclosures. 1st, there is not enough inventory. 2nd, the cost of labor and construction is very high 3rd, the Cap Rate on average is less than what you can get on CD and Treasuries with little risk and effort. It is better to be patient and wait for a better time to buy real estate.
    1
  62243. The car is already registered to you Mike. The bank electronically removes the lien, so you don't have to re-register.
    1
  62244. “ before you think of beginning a “Criminal enterprise”😂….. i clicked “liked” b/c i got to see without sunglasses…and usually we don’t b/c you’re wearing sunglasses…should be more cloudy days in Miami for sure.
    1
  62245. Awesome guitar playing 🌟
    1
  62246. I really like what you have to say about the housing market,do you have any comments about Nevada,in particular Henderson? Thank you
    1
  62247. America can't manage to take care of Americans, let alone people from other countries, who should not be coming here but instead, encouraged to go back where they came from. In America, no veteran should be sleeping in the streets. We need to start converting unused commercial and industrial properties, into dormitory-style psychiatric facilities to house the mentally ill, or micro-apartments for the economically disadvantaged homeless. There are ways to match vacant properties with those who need shelter, but until we close our borders and start taking care of our own, this isn't going to happen.
    1
  62248. More and more businesses are closing new doors because of the theft that means more and more people will be out of jobs and you can't pay your mortgage if you don't have a job
    1
  62249. Yeah well, a 90yo was put out of her home recently. Being elderly means nothing.
    1
  62250. will the new condos be able to be insured?
    1
  62251. Michael, why are cars parked on grass and sidewalks all over the place? FL doesn't have laws on where you can park your car? We don't have this system in La Jolla, California
    1
  62252. Michael ,There is an alternative to buy out' Repair the building. I know, this can be done. Old University's , and Hospital's do it all the time at tax payers expense.
    1
  62253. I yolo'd 100K into Dogecoin in 2020...... hope to be shopping for a house in Miami by the end of 2025....and get some of those cool sun glasses.
    1
  62254. Look at all the iguanas!
    1
  62255. One way to lower homeowner insurance is to set hurricane deductible at 10% - by law the highest amount insurance companies must offer. My policy premium is $389 per year for $219,000 coverage limit, hurricane deductible 10% - $21900. Hurricane coverage portion of total premium $168. On property taxes if the property is a rental it can't get the Homestead exemption. Non-homesteaded property taxable value is set at full market value. The county Property Appraiser sets market value on January 1st for each tax year. Taxable value for a property with a Homestead exemption has a yearly 3% increase cap or the CPI % whatever is less. I'm in Florida, insurance company is Progressive.
    1
  62256. No garage for cars in a 16 million house? LOL!!!!!!!!!!! Clown World.
    1
  62257. AS A FLORIDIAN ... you missed the MOST INTERESTING town of all ..... but you were close- you missed TARPON SPRINGS just north of Dunedin and Clearwater. MY favorite exotic town. And you danced around MY favorite beach of all - BRADENTON BEACH. I used to drive down from St Pete to go there because it's so awesome Personally I don't like the east coast beaches because they are too rough vs the Gulf of Mexico being a lot calmer, warmer and safer. Best area in all of Florida to do some serious sailing, shallow crystal clear waters
    1
  62258. Gee, I'm starting to feel like we're dating.
    1
  62259. I enjoy the longer videos because I listen to them at work. Factory... it's boring out here.
    1
  62260. I think you're missing the point on the taxing empty homes thing. It most definitely would improve the situation for the overall "having places for people to live" thing. The tax would encourage owners to either 1) sell to someone who will live in the house or 2) put it up for rent. Either way, the house becomes a place for someone to live instead of a pure empty speculative asset...thereby increasing the effective supply of housing and driving down prices/rents. What the gov't ultimately does with the tax dollars is irrelevant to the macro economic effect that this mechanism would drive...though it would be nice if it was invested in low-income housing to further amplify the effect of the overall policy. It could be easily implemented as a surtax that extends the property tax in those localities that have one. It could potentailly work in sort of the opposite manner of the "homestead exemption" that Texas has, for instance. Meaning...in Texas you get a tax break (in the form of a capped effective tax assessment) if the property is your primary residence. The opposite of that would be increasing the overall effective tax assessment for a property that is vacant for "too long" during a given year which gives financial incentive to get it occupied either through sale to an owner-occupier or to rent it out. It is one of the lightest touches of government intervention as it doesn't exclude anyone from doing anything...it just imposes a "cost of doing business" for doing things contrary to the desired outcome. Even if it brought only 1% of the current shadow inventory across the nation back into play as being occupied versus sitting perpetually vacant, it would have an enormous effect on the market by bringing down both housing prices and rent.
    1
  62261. Now , be realistic and what happens when you have hail damage and need a new roof every five years which is very common here in Colorado. A roof is about 10 grand per pop and you’d be a little short roof, new paint and garage door ect all from a hail storm.
    1
  62262. 99 PERCENT OF HOMES ARE OVER PRICED..
    1
  62263. It's going to be worse because the government IS NOT going to bail anyone out.
    1
  62264. 🙋‍♂️ Wasn’t 30-60 days on the market normal before this auction market came on the scene?
    1
  62265. The Walmart in Aurora Colorado is in a pos area Colorado is doing ok besides the leadership 😂
    1
  62266. 💯
    1
  62267. It’s not a myth that those institutional investors were buying a home for 500k and flipping for 1M the following week to a FOMO family…Your data doesn’t show how many investors/flippers bought and sold to a family or Mom-n-Pop investor willing to overpay? And you just count the family / mom-n-pop owned in your stat. Who sold it to them? I agree with everything else you mentioned
    1
  62268.  @MichaelBordenaro  I see what what you mean. I guess what I meant was that greedy flippers took advantage media FOMO and families that didn’t know better… Then again I blame the families for not understanding a 100% price increase in 1 month wasn’t a realistic value to pay someone. Then I blame the Appraisers for overvaluing and getting the loans approved… Geeezus I guess there’s a lot of issues here 😂
    1
  62269. With a GOP House majority in 2023 -2024, don't expect any special help for the home owner or buyer. The economy will continue to erode for the next three years or more. Foreign money which has sustained real estate in the past will also come down as well.
    1
  62270. Lookin at a flip in coastal OR, someone bought 9/21 for 759k, listed for same now, so it won't appriase and your time is wasted. F**k flippers, rookies.
    1
  62271. In the Northeast heating oil costs tripled if not quadrupled. Just think about tagging another $1800 per month to heat your home on top of the 1K+ per month tax bill. Last winter the oil price hit hard during the last 1 1/2 heating months. Winter is coming and people will suffer.
    1
  62272. Fluctuating interest rates will not fix it because it is not inflation it is greed. Big oil and supermarket conglomerates have made a record profits, in the billions over the past few years. It is not inflation it is greed and yes the stock market is certainly benefiting.
    1
  62273. No one with any sense would borrow from WF 🙄
    1
  62274. Happy Birthday, Lizzy!!!
    1
  62275. The housing market go down because inflation will only get worse and hyper inflation is possible.
    1
  62276. Nice Mesa Boogie Mike 🌴
    1
  62277. Mike, I heard that the dock strike has a suspension 90 days
    1
  62278. Still way up from a year ago!
    1
  62279.  @MichaelBordenaro  agree! Can you recommend an agent eventually? We’re looking for an acre or two on or near the lake.
    1
  62280. I stopped looking too, I’m not interested in being fleeced any more than I already am.
    1
  62281. I agree he should travel around the state for comparison. Miami is such an outlier
    1
  62282. Michael,I would bring a bull in as a pet.👍😁🖕
    1
  62283. Ummm... There was the most compromising bill presented to a republican congress recently and it was shot down. It was shit down because they cannot bring themselves to give what may look like a Biden win to the dems. How can you say you aren't makingtaking a political slant after making a comment like, "maybe THAT'S why 'they' want to keep the border open." I appreciate the information you provide.
    1
  62284. I only disagree that it will be localized. You're not accounting for psychology and perception (which is what money is all about). Economic factors are not the only things that are relevant.
    1
  62285. The migrants here don’t need to rent homes. The liberal mayors and governors have them put up in 4-5 star hotels in NY.
    1
  62286. The housing crash is coming
    1
  62287. Happy BD :)))))))
    1
  62288. Irvine is nice but huntington beach where I live is better
    1
  62289. I LIVE IN A TRAILER PARK IN 2010 I ONLY PAID 325 A MONTH LOT RENT NOW ITS 525 . A MONTH IM RETIRED NOW PROPERTY TAXES 162..00 YR.
    1
  62290. These prices are beyond ridiculous in most places. I've looked at different states and also pulled up the demographics information to see pop, ages, average salary and so forth. It's all over priced to some degree. This market doesn't make any sense because it looks like CA prices everywhere at this point. All the new homes they are building around me are $1.5 mil. When you look at the salary average it makes that even more absurd. They aren't selling either. I think most people are going to just sit back and wait. All the financial people are saying just hold on to cash and wait. We have an election year coming up plus all the global unrest. Are we going to get the same guy again? If we get a new guy what kind of polices will he have? There's so much unknown until after the elections that I think most people are going to just wait. I don't plan on doing anything unless I find a unicorn which seems pretty unlikely right now.
    1
  62291. We definitely don’t live in a true “free market” when the Fed conducts QE and QT trying to steer the market.
    1
  62292. It would be nice if our congress wasn’t the most worthless entity in the world and would pass a bill banning large corporations, investors, and foreign buyers from purchasing single family housing. And make that the ONLY thing in the bill so that way it doesn’t get voted down by sneaking all kinds of extras like they usually do. And then, get rid of all the red tape that makes it unprofitable for builders to build small houses! After World War II, we had a housing shortage due to the baby boom. Did they sit on their asses for years on end wondering what they should do? No! Builders started building entire communities that people could afford on a single salary. Were the houses cookie cutter? Yes, but I’d take a cookie cutter house that I can customize later than paying 2x what a house is worth and being house poor forever. It’s just so stupid it’s laughable. How are we the most technologically advanced we’ve ever been in history, yet we can’t fix a supply issue? It’s long past the point where Americans need to get rid of the democrat and republican parties. They are both worthless and do nothing for us. Get political parties and candidates who actually do something to help us instead of every other country
    1
  62293. These higher interest rates may force the builders to build affordable homes. 🤔
    1
  62294. I just heard money(coin) or jewelry hit the concrete while you were walking. I hope it wasn't anything valuable. Wanted to let you know in case you're missing anything.
    1
  62295. 70 degrees only in the beach area but outside the beaches it can go above 100 degrees
    1
  62296. 18:20 Probably a result of eviction moratoriums.
    1
  62297. I'm not a fire fighter or a teacher, but I did stay at a Holiday Inn Express last night.
    1
  62298. What are these new fees (called) In a legal term to ask a hoa or seller
    1
  62299. Michael, women who do not have kids get such a high degree of regrets and remorse at an older age, after they realize that it is too late to become pregnant. life's of many ruined by not having kids. Many have depression till the end of their life. Do not fall under the "no kids" propaganda. Think through this from different points of view, Is it your thought or what you got from mass media. Of course we have a reducing population agenda. But you need to think about yourself, not the government. Thanks for the content !
    1
  62300. January was one of the largest months for layoffs in almost 15 years, a new report by Challenger, Gray & Christmas said Thursday, as more than 82,000 people, largely in the technology and financial services sectors, were let go from their jobs.
    1
  62301. You videos are awesome
    1
  62302. I think the number of people "gaming the system" is way, way more than "some". I'd even opine that a large majority of those facing eviction at this time are those who COULD have paid their rent, but chose not to because they knew they wouldn't be evicted for the foreseeable future. PS... An electric truck is still a no, even with a 21% price cut. And no, I probably won't buy an EV until A: I can fill it as fast as a gas tank, B: The charging stations are as common as present day gas stations, and C: I can go at least 500 miles on a charge without being down to the very last bit of electricity left, which would mean 30-45 minutes at speed of reserves. Though I'd be completely fine if those reserves are "hidden", much as they are now, since I've driven for quite a few miles with my car showing 0 left. Whoopsie!!
    1
  62303. Second time. Michael...look at your skin/face in your Wireshark add. Now look at your normal recording here. You need to get those moles checked.
    1
  62304. Hertz car rental company announced in January they are giving 20,000 electric vehicles the heave ho and replacing them with ICE vehicles. I think that says a lot.
    1
  62305. Great video ma man!
    1
  62306. They know exactly what they are doing because they are political hacks with an agenda
    1
  62307. I'm in that boat!
    1
  62308. Is it because of UKRAINE? Just a thought...
    1
  62309. Who are the people that buy those properties though
    1
  62310. Tell it like it is Mike
    1
  62311. If the building is uninhabitable, what kind of compensation can the residents expect? Do they have a say on an acceptable price a developer might offer?
    1
  62312. My sister talked her eldest blue collar son to buy a house right before rates went up. Think it was an $180k something house for 3%. We shall see if he can keep it ?
    1
  62313. Another Great vid Michael !!!! My body my choice....my debt my responsibility
    1
  62314. the fed will start tapering once the spring market is over and then blame the market when in all actuality there are no investors buying these loans and no investors have been in the market for 2 years, when the fed stops buying the train jumps the tracks!
    1
  62315. Your videos are great. Very informative. Thank you.
    1
  62316. Incredible information
    1
  62317. I watch you every day and my daughter was over here the other day and she said oh I hate that guy and we actually got into a fight about it. I think you’re doing a great job I was in real estate for 30 years and I never thought it was worth it to get a real estate agent, I would tell my customers wait for it. Wait two weeks before you put the sign out there’s probably a neighbor out there that watch your house.
    1
  62318. In Europe remote work is been done for over 20 years now. Particularly in Germany. I now people here in the US that do remote work and make over 100K per year.
    1
  62319.  @MichaelBordenaro  ok, thanks for your help.
    1
  62320. The fed is obsessed with the stock market. They only care abt their stocks. Just look at the correlation of stocks to something like umm say the RBOB (gas) or WTI (oil). The largest decline came once stocks dropped. They’re just sickening
    1
  62321. Now I have an idea how long it takes to edit your videos! I was dealing with rain here on Wednesday and was unable to work outside at all. No problem, because you look extremely attractive indoors! When Katrina and Wilma hit in 2005 it actually gave the real estate bubble some more air for two years! Florida is the home of the original real estate bubble (1926) and we are going to see the idiots come and go. Imagine what will happen when "The Big One " hits in the future!
    1
  62322. Nick sent me.
    1
  62323. You never use your home as an ATM machine,NEVER!.It's just monopoly money it means nothing.And live within your means.If your gonna invest,invest in yourself and your own situation.
    1
  62324. Meanwhile, the stock market is on fire. Why? In the end, aren’t people buying less?
    1
  62325. If you’re active duty military go apply for the AMEX Platinum as long as your active the $700 annual fee is waived!!! Never eat crappy airport food again. The lounges are worth the upgrade.
    1
  62326. $1200 car payment is foolish. I'm still driving a vehicle I bought for $1000 cash in 2005 and an $1100 motorcycle I bought 4 yrs ago.
    1
  62327. i still have a 19 inch TV on layaway at yellow front from 1981
    1
  62328. Hey we must be reek Latex cuz all that bothers you bothers me Haha
    1
  62329. Thanks Mich
    1
  62330. zillow and redfin aren't licensed agents there is no incentive for them to not provide bad data. no one is going to come tomorrow and make them stop. maybe the market but many months and years until the market catches up with them to punish their behavior?
    1
  62331. Hi Michael, Watch your videos daily and am wondering, when you speak of affordability, when you say your housing cost should not be more than 30% of your income, are you using gross or net pay?
    1
  62332. Just FYI, away from the coast in Marin County does have warm summers, typically in the low 80s during the day and mid to high 50s at night. Most people in Marin live on the Bay side of the county. There's not much housing on the coast of Marin County because they're very anti development and want to keep it a rich liberal enclave (even though they would deny it). People in Marin pretty much support the same left wing dictatorship policies as SF.
    1
  62333. Alot of them eviction fillings probably be for squatters to.
    1
  62334. 🥰🥰🥰
    1
  62335. JP Morgan is only there to pick the cherrys. They will take what is profitable while the US taxpayer will get to pay for all the liabilities. JP Morgan was also handed 50 billion dollars by the FDIC to ease the take-over. Ordinary citizens screwed again.
    1
  62336. You know who's taxes won't rise? Blackrock. They'll get tax breaks first dibs on other handouts. And no one is gonna do sh*t about it..
    1
  62337. In California, brick and concrete don't respond well to earthquakes
    1
  62338. So many empty houses while there are so many homeless people. And there is no resource for this.
    1
  62339. I'm sorry I will never think $3000 a month rent is pretty cheap much less ever pay that much.. Most Americans can no way afford that..I get the first and last month's rent... I really wanted to move to Florida when I retire, but it looks like my dream may never come true... I will stay in Texas in my existing home till I take my last breath before I would ever pay that much a month.. 300,000 for a home is too dang much! It breaks my heart that thanks to the puppet in office has crushed my dream!!
    1
  62340. Easy for me to choose when to buy because I simply can not afford anything but rent... No WAY I will buy at his price and interest rate.
    1
  62341. 20:29 The problem is that we're in The Gilded Age 2.0 with the CEOs making all the money while the rest of us squabble over their crumbs. This is primarily the reason for the layoffs despite the record profits. Citizens United allowed this to happen and is the bane of the actual US citizens.
    1
  62342. Take a look at a one-year chart of IAK, the US Insurance ETF.
    1
  62343. I wonder how much payments will change as property taxes also adjust to inflation and home values...
    1
  62344. Thanks
    1
  62345. Tree branches fell on my roof and totaled my home from neglect from community and they won’t trim the trees and I can’t insure my home because the dead tree branches overhanging my home?wtf!
    1
  62346. Michael! Talk aboit livimg on a boat?! Can you dig up info to do a show on this? Many have talked about selling everything and living on a boat. Boat slip rent, etc.?
    1
  62347. I bought my first 3 mo t-bill today paying 4.39%. Come on Fed raise those rates some more. I'm really enjoying getting paid for savings for a change.
    1
  62348. I think the American Dream horse left the barn years ago.
    1
  62349. Housing prices in America are outrageous , THAT house is going for $1.8M????!!!!! . Maybe its just in Africa but I could buy the land and Build a house for about the equivalent of $120000 and it would be a 4 bedroom duplex with a guesthouse beside it. You guys need to deflate your housing prices. I could build 15 high end houses for the price of that: how many rooms ? it cant have more than 3 bedrooms house. No seriously , you guys have problems .When will any buyer ever finish paying the mortgage on that place??!!!
    1
  62350. If my home is paid off but in a trust can I self insure?
    1
  62351. Don’t worry be happy 😊
    1
  62352. Always thought REITs were a scam, they invest in shit assets then take a management fee even if you lose all your money cuz they tried to squeeze blood from a stone
    1
  62353. So there it is: "Debt-based economy" was sold to the people as a magic carpet ride, and just keep consuming, cos it's all... "Safe and Effective" uh huh 🙄 Titanic Market
    1
  62354. Thanks!
    1
  62355. The Fed never said it was cutting rates now, The market interest rates are predicting July, IF they are cut. The statistics that are measured is what they are watching -- they are not watchin s Youtube channel who is coining money complaining. Why not come up with better indices that you believe are correct, The world needs Mike Bordenaro to save everybody.
    1
  62356. I bought a $600K house in 2006. It was very well built. Since that time, no repairs have been needed except we took out the white carpeting and installed new flooring. We have spent money on some upgrades and additional space outside we built a kitchen. But otherwise, it's as sound and nice looking as can be. We don't have children, maybe that's where the repair cost comes from?
    1
  62357. The Germans relied on Russian natural gas which has been cutoff. Also, the Germans are hyper focused on wind and solar and decommissioning their nuclear power plants which is causing a big bump.
    1
  62358. I can't imagine 20% drop being a modest estimate. Taking that into consideration with high inflation, energy crisis in Europe, protests in China and Brazil among many other issues....I'm afraid we (the world) are heading in same direction as in early 1930s.
    1
  62359. Here’s why the fed has to lower rates. The Government has 7.5 trillion that is ending and they will have to refi at a much higher rate. Our government can’t pay their bills now higher rates higher deficits. Because of our deficits are world dominance is coming to a end
    1
  62360. Naaa that kind of tax is a complete ripp off , is it worth Miami , don't think so , always great walks and info
    1
  62361. Lol, I wouldn't pay more than 1% commission. If they don't agree then I'll sell it myself.
    1
  62362. My next house will not be in an HOA because the Board Members typically get too power hungry & don't look out for the majority of the community & act like corrupt Congress
    1
  62363. Great educational video. My husband and I are planning to buy a condo somewhere in Florida.
    1
  62364. Liked the video. A lot of interesting facts.
    1
  62365. These politicians sure are generous when it comes to giving away other people's money aren't they?
    1
  62366. My medical provider got hacked - paperless and one of my credit card companies was hacked. All accounts were compromised. Reason I like paperless
    1
  62367. What mall is that?
    1
  62368. I run number a few months ago if I invest in rental multi family I will loose 7% every month if tenant pay. If they don’t pay it will be disaster. Better to just wait for now. Government also encourage renter not to pay. Cheat their way to freedom.
    1
  62369. I live in a highrise on Biscayne and I can see club 11 and space from my window. My wife and I made a joke of it calling the space crowd, zombies because they would leave the club around 7-8am looking like drugged yo zombies. This man is not lying I used to see the place with a line out the door around the building but NOW and this happened extremely quickly I see less and less zombies.
    1
  62370. Hmm, with the crash, it reminds me of the early 60's, sure it cost a penny yet who has one? Maybe the 70"s. When will we learn? When a single candy is no longer a penny, yet 39.cents, there is a problem, poor kids, I enjoy your videos, the Cape Caves seem to be adding roof's Thanks Banks.
    1
  62371. Good morning from the European continent 👍🏻
    1
  62372. How do you buy produce if you're only grocery shopping once a month?
    1
  62373. Michael, we really liked your walking tour of Bay Harbor Islands Florida, but we wish you could show us the inside of some houses. Hopefuly you can do that too. Good job! Thanks!
    1
  62374. We are here in Brazil watching your videos. We are from São Paulo, Brazil.
    1
  62375. If you had 50k in your bank account for a down payment would you hold off to buy or invest that in something when the recession hits??
    1
  62376. Dreaming of moving to Florida. Wife won't move away from her parents though.
    1
  62377. 2:53 its stuck on the market.......SUCKING AIR! -Scott walters
    1
  62378. I don't know anybody that is
    1
  62379. Vancouver BC Canada finally woke up and banned Chinese from buying property in BC…..Chinese buy property and basically abandon the properties and don’t take care of them…. Ban foreign investment in real estate, farms, industry everything….do ya think you can go buy real estate in China??? Think again about foreigners owning the majority of real estate and land in the US of A….
    1
  62380. I just wanted to say Thank you so very much for your video's I have learned a lot and have been doing a lot of thinking and decided to discuss this with my husband and mother in law. And we decided we are not going to buy right now we are going to rent as soon as we sell our property. Make investments with some of it for emergency's. We will be better off. And all your videos have helped me do so deep thinking on pricing. Keep up the amazing work.
    1
  62381. You guys are way too tan.
    1
  62382. If it’s hitting the 1% like you mentioned, you know it’s getting bad! Great content as always and another beautiful neighborhood. Keep us posted on the Miami “swiss chalet”😛. Should be interesting 🧐
    1
  62383. What’s the origin and profiles of the ambush buyers/developers? Foreign REIT’s? Just curious
    1
  62384. The problem is now that so many of the homes going into foreclosure were built prior to the 90s . Won't be worth putting $75 to $100,000 for energy retro-fit upgrade compliance codes because homes are not structurally sound and are infested with pest/termites ect. Frame work has been loosened by quakes, settling, and has all nailed connections that not approved! I think that the Government will blight them making money making opportunity not possible for investors!
    1
  62385. Good stuff bro 👍🏾🆙
    1
  62386. Hi Michael. I don't care with the other comment or say, I'd rather hear reality and what's really going on then someone that just makes light of everything and doesn't really tell you the truth. I think it's very positive because it helps us to decide whether we're going to buy a house a condo especially with the association dues and the fees you're warning us so you're actually helping us. I don't see why people don't comprehend that. You're saving us from maybe a very expensive mistake. So for me just keep on doing what you're doing .
    1
  62387. They are gonna have to sell your mortgage pennies on the dollar to other bigger institutions coz no one would pay in full to take it off their hands. Maybe you can counter their offer by saying that you can pay them back only 80% of your loaned amount and void the mortgage contract. Take it or leave it. 😂
    1
  62388. 👊👊👊👊👊👍👍👍 How is the "new home" market doing?
    1
  62389. Another great team up!
    1
  62390. I got cheated! I didn't get a 10% rate. I only got a 6.875% rate. 😂
    1
  62391. You left out IRRegular people who want to buy IRRegular cars...they must have issues doing so...🙂
    1
  62392. Hi ,your channel is very interesting, but be very careful with the sun, be carefull to exposure, don't want to get skin cancer. Good luck
    1
  62393. A no landing scenario is basically when Wile E. Coyote realiizes there is no ground below him🤪💀
    1
  62394. 60 k for property taxes😂😂 😮
    1
  62395. you look good without the shades too ya handsome devil. but put em back on when you can
    1
  62396. Mortgage rates aren’t falling. As a matter of fact they just went up a whole half a point in one week and they’re still going up 🤣🤣🤣
    1
  62397. Thank you so much for those informative statistic! It helps to educate people a very important financial lesson.
    1
  62398. I like your face without sunglasses. You have kind eyes. Enjoy your videos.
    1
  62399. These HOAs and condo owners make me absolutely sick…! Terrible
    1
  62400. Bought a house for 140k cash back in 2018 and I sold it for 280k I had no choice. I listen to my gut because my house my house may drop below 200k soon and I had to keep price cutting
    1
  62401. This is a debt based economy. The dollar is completely 100% dependent on new debt creation. These 'creative' financing schemes are necessary to keep this economy afloat. It's all about MMT and it's adoption by the FED and the US government. Our economy just cannot survive without more debt creation. It's just that simple.
    1
  62402. Very useful info thanks
    1
  62403. Money over humanity. It's always the case. Sadly, our currencies value has diminished to almost nothing. So, nothing is more than humanity. Sad but true.
    1
  62404. When do you think things will change in Miami?
    1
  62405.  @MichaelBordenaro  Yes, unfortunately this is so true. I wished that they would put into effect some kind of restrictions in government to not allow for this to happen. The middle class is being completely wiped out , and this is devastating. Thank you for your honesty and being more interested in helping people, rather than misguide! We appreciate you!
    1
  62406. Miami-Dade will stay hot for a very long time to come. Sure, some people will get underwater but most will make bank.
    1
  62407. Hilarious 😂
    1
  62408. SHIT IS HITTIN THE FAN IS WHAT'S HAPPENING
    1
  62409. Is there a timeline for the execution of these lawsuits?
    1
  62410. What about Portability? you can transfer some or all of your old home’s "Save Our Homes" benefit to your new home in an amount up to $500,000. Could save you more on taxes.
    1
  62411. Foreclosed property will wipe out all lower liens. The subordinate trust deed can cure the first and continue to foreclose. If there is no equity then it is not worth it. Title insurance should be liable (at transfer) if their was any liens not caught during the title search..good luck with that..
    1
  62412. Really interesting. My sister lives in Idaho and works at a hospital. Yesterday she told me that 15% of the staff were laid off. That was shocking to me. (Looking for info on Desin, Fla. I'll look at your video library.)
    1
  62413. Mesa amp/cab and metal... My people.
    1
  62414. This channel is not gloom and doom. There are plenty on YouTube that are. This isn't one. Beautiful park! Can that woman say budget and downsize? Rock on real estate warrior 😎
    1
  62415. Hang on. Won't be long now.
    1
  62416.  @MichaelBordenaro  Sadly, that's what has to happen. As you said, the Government handed out way too much money (a big contributor to the inflation problem), and people are used to simply paying the extra money that the sellers ask for.
    1
  62417. My goodness! From $155,000 to $1.5M! 😳
    1
  62418. Zellow is a scam period .they inflate prices out of no where. It makes me happy too. I like that. Good luck 😸🤞
    1
  62419. Oh man, I hope you are right on the prices dropping! I am waiting to buy a couple more rentals, but there is nothing available here. And I agree, I don't care if the value of all my rental properties drops, because I will continue to rent them regardless.
    1
  62420. Thanks
    1
  62421. Won’t pay student loans but forgiven PPP loans ok 😂
    1
  62422. More people ought to know this channel, subscription should be at least 100K
    1
  62423. Great video, Michael! You are right…college is not necessarily for everyone! My husband is an electrical contractor, which saved us during the pandemic. He was not into college either. Went for a semester, snd said they was enough for him. He has too much energy for a desk job. (Not that college means a desk job.). Not into the corporate culture either. He is very happy going what he does, and it pays well!
    1
  62424. Congratulations Michael, on your 100,000 subscribers! What an honor!
    1
  62425. I saw a article about ghost posting jobs. There are no morals during election years from either side. They are all crooked clowns to destract the masses.
    1
  62426. With an unlimited debt ceiling they will start printing more money in the next 1-2+ years, especially fast if democrats will win the 2024 presidential elections. So home prices won't go down by much simply because of very high inflation, they will even increase when people will realize dollar is becoming worthless. Imagine all the worst things that could happen to the value of the dollar and house prices, and they will happen. Regular people won't be given an easy life by this system anytime soon - even your intuition should be sounding the alarm and telling you that already. It's not like you'll wake up one day and think to yourself: "finally, houses are cheap now" - not going to happen. Dollar will continue to devalue rapidly, wages will be stagnating (below inflation), and house prices won't go down. It is harvest time.
    1
  62427. Pay your bill..... free money???? Really 😡
    1
  62428. Time to do some insurance shopping
    1
  62429. This was great. Thanks guys.
    1
  62430. Congratulations 5 years 💥 Great commentary.
    1
  62431. The more money in circulation makes each dollar worth less which means people have to spend more money to maintain their standard of living.
    1
  62432. Did the new law disallowing foreign investors go through
    1
  62433. You need to offer low income homeowners out of the area services to lower cost area within the state. Unfortunately the higher wage jobs are moving in and the demographics does not support low to moderatine incom areas. The pandemic brought the elite from California, New York and other hard locks down order states. Wealthy, cash rish people that just want to live in Florida.. Have to Love Miami and South Florida!
    1
  62434. A recession is when your neighbor loses his job. A depression is when you lose your job.
    1
  62435. Beautiful water views. Pay! Good outdoor work weather here today at high mountain desert forest plateau hideout NM. Not crowded.
    1
  62436. What are the taxes on gold and silver like?
    1
  62437. Just know this anybody that buys a house in this market is a sucker because it's all designed for you to crash and burn eventually from financial stress or physical illness because right now people are literally working themselves to death just to afford a monthly payment on a pine box that you will never own in 30 years because all they have to do is just keep rezoning your area and upping the value of the house with the tax adjustments and with that in motion eventually you will get the boot and then somebody behind you will do the exact same thing since fomo is literally on everyone's mind. I personally feel that renting is not shameful because right now I rather be paying way less in rent then risk trying to financially ruin myself by trying to keep up with the Jones's. Florida is going to have an extremely volatile market because for decades everything was compounding up to this point where literally a lot of the buildings and homes were built and the late seventies and early '80s so between 30 to 40 years people have been mismanaging their home/condos and right now the whole state is trying to upgrade itself which is not going to save anybody who doesn't have deep pockets to weather this storm.
    1
  62438. Wow very nice pls. Beautiful house.Thank you for sharing bro God bless
    1
  62439. Great video. Like your comment on automation taking jobs and then goods and services aren’t selling because don’t have money to spend. One step forward two back.
    1
  62440. Had to give a like just for the jamming at the end. I see you have a mesa cabinet and a dual rectifier head i think its hard to see what its called man i wish i can afford a head from mesa boogie. Anyway whats the name of that song
    1
  62441. If the middle class is gone, who will stand for us?
    1
  62442. Sound like they pushing government insurance in Florida
    1
  62443. I got out of the rental business I’ve had several tenants that were terrible awful people I think I’ve Only had one good tenant but I’ve had at least 5 evictions.. And they still tried to stay Of course it didn’t work...😏 I had a Tenant from West Africa they were killing goats in the bathroom In one of my units ... Can you imagine what my plumbing bill was from Goat 🐐 hair.. hahahahaha Nope these people have Lost there minds.. I hate to say this that the average person cannot afford to pay rent and eat..👁 Landlords are in for the Ride of there lives.. The devil you say😏
    1
  62444. Thanks!
    1
  62445. If someone finds that special property and is financially able to buy and plans on living in that home indefinitely I say BUY. Your situation can only improve as time goes by with wage increases, equity gain and eventually lower interest rates. In the long term you either win big in real estate or you win huge but win you will.
    1
  62446. "But it was in Cleveland, Ohio, so there's that" 🤣🤣🤣🤣🤣🤣🤣 hahahaha you ain't never lieeed!!
    1
  62447. I currently live on Normandy isle. I love it
    1
  62448. Hi Michael I watch your videos all the time you got videos
    1
  62449. Florida should not ban the Chinese from purchasing homes in Florida, no, the US should ban Chinese from buying property, including commercial and businesses across the entire Country. This is not about discrimination, that’s what the Chinese Communist Party (CCP) would have you think of it. It’s about NATIONAL SECURITY. When will people wake-up to the fact that the Communists across the globe use our very own freedoms and democracy against us. It’s not all about America versus China, again this is something the CCP want you and the world to believe through bombarding us with false stories and twisted narratives. Do you seriously believe the dollar is dead, if you do, then you have been fooled again by the hundreds of YouTube so called influencers who are paid by the CCP to spout this ridiculous claim. I’d like to see their homes confiscated too as ‘paid agents of the CCP.
    1
  62450. What's the difference between imprisonment and homelessness ❓65% of shares belong to Black Rock and the rest to Vanguard ❗why ❓because there's money for profit ❗and what about homelessness ❓well you guessed it / there's NO money for profit in homelessness _that's all we need to know ( but ) ask yourself * so what about the so called collapse of finances ❓yep * is all a scam and scheme to keep people slaves to debt 😮
    1
  62451. Hot and dry in SE Kentucky. Been having to water garden every day.
    1
  62452. I always enjoy your videos. Watching you walk around is very relaxing.
    1
  62453. That's why you need to make sure you have a realtor that knows what they are doing. You don't pay that agent to show you stuff. You pay them to know or at least ask the right questions. That's going to be a much bigger problem now that buyer will show up without representation.
    1
  62454. god damn right!!!
    1
  62455. Michael Bordenaro- whats your take on arizona? they have pretty good government and you can drive periodically to the ocean
    1
  62456. New home buyers have more to choose from but have to deal with higher interest rates and inflation. Most people won’t buy.
    1
  62457. Michael , what you are not taking into account is the changes in our tax laws passed by Republicans to punish the middle class. It used to be if we sold a property we could roll all the gains into another property. Now if we sell a property we get spanked to the tune of 20% gains over $500K + states taxes. This is very common for long term owners; its easy to have to pay $150,000 or more in federal and state taxes on a sale if the home was purchased before 2005. These taxes get added to the cost of the property, unless there is a 2008 financial crisis, prices will be higher. I know we moved last year, increased taxes are a huge consideration for a seller.
    1
  62458. The NY couple says 2029 because thats the last year before The Great Reset happens or doesnt fully.
    1
  62459. 👋
    1
  62460. Its like they are trying to make people homeless
    1
  62461. Michael, I love that background scenery today, but if I had millions, I still wouldn't pay to see it daily in Florida. It is gorgeous though. :face-blue-smiling:
    1
  62462. Investors offers are fairly competitive right now but just under acceptable offers imo.
    1
  62463. For sure Mary. Lissi will LOVE to hear from you🙏
    1
  62464. Don’t live in Portland but in a town 40 miles north, it is a mini Portland and the main reason we are looking to move to Florida. It is freaking disgusting up here in the northwest. And as a retired firefighter/paramedic I got to see the worst of the worst around here. Thank you for keeping me inspired to get out of this hell hole!
    1
  62465. Im a buyer in the Fort Lauderdale area. Ive been outbid on homes I offered full price on in the past couple of weeks. There is still demand in this area
    1
  62466. make more videos please
    1
  62467. I hope he never colors his hair! This is the REAL deal!
    1
  62468. On my way to Vero beach in about three weeks, I think I found a local insurance company there that seems pretty good. I was as honest as I could be on the disclosures when I sold. If you don’t know something about the house that’s the only excuse.
    1
  62469. What stimulus programs?
    1
  62470. This has more to do with American greed than inflation. They will keep trying to raise prices until they get serious push back from Americans.
    1
  62471. Like everything else new, they will work out the issues over time.
    1
  62472. owning a home should be easier! our parents and grand parents had a much easier time buying real estate. Americans don't want to rent they want to own their own property its a huge part of the American soul. its not people's fault. renting is awful!
    1
  62473. 👍👍👍👍👍
    1
  62474. It's interesting to hear what people are guessing about 2024, but the sad truth is that humans are very bad in predicting the future. I pay more attention to stats, perhaps due to my "professional deformation" (as the French say). As of NOV 2023, we had about 35% of cumulative CPI increase since 2019, with inflation far away from the annual 2% target thanks to Congress that just added $1.75T to the federal deficit, projected to reach $55T by 2030. Unions and lobbyists are pressing corporations to increase wages, and several have recently succeeded. In addition: - Housing inventory nationwide is at least 50% down from pre-COVID levels, at least 3 million units short. - New homes make up around 30% of it (in many areas taking 8 to 12 months for home builders to deliver, like mine), and home builders are still unwilling to build smaller, less profitable homes. - Current homeowners are now forced to pay 60% more in a new mortgage for the same-sized house if they are to move out. Life happens, but to expect EVERYBODY will forfeit a good mortage deal is unrealistic. - The largest number of prime-age homebuyers in decades (Nine million more millennials now than Xers in 2008, the legal ones who knows how many of the others), many who are priced-out and waiting. If not, competing for properties that boomers and investors also covet (as shown in FL). - NIMBY zoning is present in all big cities that will prevent new housing starts, unless from deep-pocket developers (who are not willing to risk their millions for little). - And investors continue gobbling up 15% of the meager supply, many backed by billions of Wall St dollars. Not to mention that old man from Omaha, NB that just poured hundred of millions into homebuilders’ stocks. To believe that the housing “will crash in 2024”… Is it just wishful thinking?? I would expect 10 or 15% drop from 2022 peak prices, and in certain regions, but it will be temporary thanks to all the factors mentioned above.
    1
  62475. All good to me, was planning on buying in a few months haha, hard part is gonna be timing it right
    1
  62476. Thank you for doing this video because I have Land and I got approved for a mobile home 🏡
    1
  62477. The reason why is their bleeding money.
    1
  62478. I'm guessing your mom isn't hurting. I bet she is going to get a postal pension that is 75% of her salary.
    1
  62479. Houses aren't selling as fast in my area. I also see reduced prices. Interest rates are slowing housing down. A local realtor advised me to hold off building right now
    1
  62480. 🥇The EV industry is one of the biggest scams of all time.
    1
  62481. Michael, We are already in a Recession --- going into a Depression in a few months. It's all in their Plan - to put people on the streets, under tents, under bridges and freeways. At the same time, all the laws/rules favor the Rich - ie, CEO's, Investors, Politicians. They do not care about America or Americans. Thanks for ur vlogs --- I'm in southern California - and it's just as bad here - or worse. It used to be that it was the leaders' jobs to Keep America Safe and Secure!!! All that changed.
    1
  62482. Aluminum Shed Living will take over the US!
    1
  62483. Terrible, yes people going to sell , but who can afford the taxes or insurance to purchase.. sounds like they trying to run people out. Is insurance for the insurances or is homeowners?
    1
  62484. Omg it’s beautiful out, the benefits of Miami are showing
    1
  62485. Keep the glasses, makes you look right out of Miami Vice.
    1
  62486. This is the eradication of the middle class. Carl Marx predicted this very accurately. In a consumer based economy, this, will cause economic decimation...and...ultimately destroy the. economy. Stock prices are based on consumption.. When people stop consuming, the house of cards will fall....
    1
  62487. My good friend I love your sunglasses 👓 what brand 😎 please let me know thanks
    1
  62488. His examples; bank accounts, and a strong Christmas spending season, is ridiculous. THAT'S what predicts a strong economy? People across the board have been trying to just keep their heads above water. We long for the return to normalcy, and the Holidays gives us the opportunity to do that. But I think we are very careful in ultimate decisions on actual spending. Maintaining a healthy Bank account is common sense and necessary NOW more than ever. Particularly for those of us that are saving to move. But life isn't easy st. Far from it. I can't believe this man's comment, strictly made with an agenda for Bank of America.
    1
  62489. 0% interest credit cards can be helpful as long as you’ll be able to pay them off completely by the time the promotion period ends, usually 12-18 months.
    1
  62490. After 1974 I have never been late to the game
    1
  62491. If they bought it as an investment property they could claim write offs
    1
  62492. Doesn’t the fed announce their numbers tomorrow? And if (when) they’re negative, doesn’t that “officially” put us in a recession? (I know we’ve already been in one)
    1
  62493. Are you aware that David Martin of Terra group is the one of the sharks buying all the units by the beach secretly, He buys the units under another name, Example. Company name: Mimosa + the unit number. He is the one of the crazies causing this problem in Miami, example: Building name: Mimosa, 4747 Collins. Be aware of this Miami shark. Broker Andrew Gurewitsch under regions acquisitions ! Also related group, does the same, many of this sharks are doing this, and causing the collapse of the market in Miami. They buy one apartment at the time, and at one point they will destroy the building. Terra was sued for the collapse of Champlain tower south tower and the insurance settle for 3.1 billion. I also heard Related Group, is trying to buy the Castle beach Club at 5445 Collins Avenue for 500 million. He does no even has the money! Now is up to the owners if they agree to sale to this person. (David Martin)
    1
  62494.  @MichaelBordenaro  I agree.
    1
  62495. i see no way we avoid the meltdown you speak of. I hope for the world it does not happen but this feels like what is coming will be much worse than 2008 because everything after the planned 2020 event is effected. I think we will see much lower prices. If so I will be buying.
    1
  62496. I wouldn't self insure, unless you are so wealthy that you burn money. Better to move to another area.
    1
  62497. Hey 2023. 2008 is calling. 😳
    1
  62498. Southern Florida is rapidly becoming the new California.
    1
  62499. Great video! All shot on iPhone with Gimbal? GREAT video quality
    1
  62500. Hey Mike I like the key points you are delivering on this take today . For one thing let’s be clear unemployment index is never going to include discouraged worker quotient which has been growing proportional to all claims filed without recouping virtually any real jobs gains , this is because the reported jobs gains is credited to temporarily work visas (government ) granted and healthcare/hospitality jobs sector which are both underpinned by undocumented worker influx . So while white collar has lost 15 million jobs nationwide in the last 18 months, the other sector gained 11 million jobs. That brings your other point, what’s really going on. Ever since I was laid off 2 years ago I have delved into Uber Taxi service and Turo to diversify income . Our garage medallion in Denver where we run commercial and uber operations out of was recently approach by the dept of unemployment asking to give us revenue credits to employ Venezuelan immigrants under temp work visa. Same thing happened to my friend at a freight airport and a roofing contractor . They’re giving incentives to hire out the 30,000 undocumented immigrants that had been brought to Denver in the last 7 months. On the other side of things I have released 4308 job applications in last 18 months with five 8 round interviews none of which resulted in an offer, I’m a technology senior manager with 20 years of exp. And I applied to take junior roles as well. All resultant interviews at these Fortune 500 companies said they cannot budget for the role I applied for . Out of 50 software integrators and engineers I personally knew who were laid off NONE have landed a job since the layoff . I managed them, I am in contact with them still. Strategically on the business side I think I understand what might be going on . A very powerful minority of the investment class (0.001% UHNWI) are replacing the U.S. consumer class population with a low skill service-level foreign population to create a plutonomy , there are old gold book release memos addressing this that can still be found but this is in fact the strategy in effect. I believe. God bless.
    1
  62501. Thank you so much. You always provide such great data. One thing no one is talking about is when the layoffs begin in earnest, there may not be unemployment left for some folks. It's usually based in a previous year's earnings so those that were not working during that period may not have recharged their unemployment insurance account. It's not the end of the world but you have to take soul crushing low wage jobs just to pay rent. There may be no safety net for a lot of people and they don't realize how it all works. They think the job that laid them off is responsible for it. But they only determine your eligibility. The amount available is a combination of your ending wage and the amount you earned during the period that your unemployment is based on. So you may be qualified for maximum benefits because your final wage was high, but if you were unemployed through most of 2020 and 2021, you may not have any benefits available to you in this benefit year. And next benefit year may be chump change. They burned through it all and there's no dough to bail them out.
    1
  62502. How is that legal. A bonus is a gift that’s quite officially a gift. Is it legal to give someone private property and demand it’s return. I find that hard to believe.
    1
  62503. Not only are prices in wealthy areas of Florida shot up, the poor areas were dragged up also
    1
  62504. Are they wanting the whole country to go bankrupt? I can't figure out wth is going on?
    1
  62505. Selling mortgages is common practice.
    1
  62506. 100% doom and gloom, please. Thank you. LOL. You are right, though. If someone doesn't want to hear what you have to say (which is reality!!) then find another channel.
    1
  62507. But that property tax bill gets revalued correct? Why not mention the approx bill going to the new owner at the sale price?
    1
  62508. Wouldnt surprise me if America totally runs out of toilet paper soon.
    1
  62509. Woahhh!!! Thanks Mich !!
    1
  62510. Michael i lost my house in 2008 in phoenix. So im hoping to redeem myself on buying a house. Im still waiting on a good price. This time itll be diffrent
    1
  62511. Thank you Michael 😊
    1
  62512. Mike, operating a vehicle anywhere in the US without insurance is illegal, and yes it is, too, LOL!!!
    1
  62513. Put the glasses on Don and clean up the seaweed too.😁😁😁😁
    1
  62514. 😂... this has been going on since real estate was first invented
    1
  62515. Unemployment is much more than 10% let alone the 4% that this administration says it is
    1
  62516. In a few years, America might be decorated with zombie houses again. Save your money and buy a couple.
    1
  62517. There's no miniature homes in Florida, Michael?
    1
  62518. Going to be easy to make big money taking advantage of all these sheep gathering into the stock market and housing market. I can't wait to short all this crap all the way back down, AGAIN!. All they did is reflate the bubble except now it's worst then it was January 2022. The only thing that saved the bank crisis in March was the Bank Term Funding Program that the fed initiated to reverse the crash. It was going to be over then, but they started up this program and that will be inflationary for sure. It's only a temporary fix.
    1
  62519. Yes Michael you're right I am very surprised the recession is not worse I called the tip top and sold.. But I cannot believe the government is still holding it together.. It will be a slow grind to the bottom.. They'll grind the inflation until we're all broke.. Then there will be the final crescendo of the real estate market..
    1
  62520. Don’t change a single thing about this channel!
    1
  62521. I've never paid over 415 for a mortgage payment in greater Cincinnati .....
    1
  62522. HoldOn!!! ... i already saw this video . Ooohhh!!! It got deleted by mistake ... Sorry to hear that ... 🎉
    1
  62523. The regional sales chart was very eye opening. I think it shows the rich are not nearly as affected by the inflation in our economy as the other economic classes
    1
  62524. With that much money, I would move overseas and still enjoy beaches and ocean at much more affordable prices. There are tons outside the U.S.
    1
  62525. Are you wearing ShadyRays sunglasses?😎
    1
  62526. Nice numbers for 12 mins❤
    1
  62527. Low inventory is keeping prices high, but slowing starting to drop.
    1
  62528. Michael, like your format and you tell it like it is. Black is black and white is white.
    1
  62529. Hi Michael. I have a small lot in Vero. Am I safe to say that I can finally find a builder to build my little bungalow? Until this time last year they wont even looked at me; the ones that did, wanted to build a mansion!
    1
  62530. Where we are now with housing prices, 40 % gets us back to fair. Then lower prices after that.
    1
  62531. You are effectively doing three things: Moving short term debt to long-term Borrowing on your future . If you are 40 … not too bad ….. if you are older …. Well, you are just tricking yourself and lied to yourself . STOP SPENDING $$$ Most hard-working people do not have an earning problem ….they have a spending problem
    1
  62532. Bag Holders ........ seemed like a good idear at the time.
    1
  62533. That home with 7K taxes was beautiful.
    1
  62534. Rent control functions like price controls, something autocrats with shitty economies favor introducing instead of cleaning up their act when inflation runs rampant. What happens with price controls in an inflationary environment is that producers, who themselves suffer from inflation in their production, simply stop producing because they are forced to sell at a loss. Nobody goes into business to make a loss, right? This in turn just means shortages and queues. Rent control does the same. First of all it gives construction companies no incentive to build new housing, and secondly it gives landlords no incentive to maintain or improve their properties, and what we end up with are shortages and slums.
    1
  62535.  @MichaelBordenaro  thanks that's still a mucho amount of money. Unless obviously... Its not.
    1
  62536. I’m glad I got my house when I did , but the insurance is scary and you’re going to need flood insurance also. So I’m ok if the stuff hits the fan but a lot of my neighbors are not.
    1
  62537. Jack is cool, uall look like high rollers.
    1
  62538. Welcome to Cali, Michael!
    1
  62539. Michael I don’t think it is great to be in a politician if you have a communist party or people like Russia you know any of the mother climate is countries they should be in them from buying any type of land in Florida I agree with that bill that’s it I agree of national security they need to do it with Shannon so long to fly a balloon roll national defense areas that’s bad so I mean like the bill mean I think it’s good Michael what are you every continent I enjoy listening to your Michael
    1
  62540. Thanks!
    1
  62541. We used to live across the street from Huntington Beach, CA. We saw huge pile of trash on the beach after holiday weekend. We would pick up trash because that’s the beach for all to enjoy. we also cannot let the trash get washed out to the sea and pollute it too.
    1
  62542. Mike! How many sales this month in Miami Beach compared to same month last year?
    1
  62543. Thanks for those great A1A driving videos.
    1
  62544. Hey man great channel. Glad you love Metallica too, Back in late 70’s used to listen to WAAF Boston (pretty sure) Monday was “Metallica Monday Monday Monday!” You had to know this right, 👊
    1
  62545. That guy deserves what he paid 2 years ago—maybe, not 800k over… This is where people have been fooled and a lot of buyer’s remorse from people who paid literally $500k over value
    1
  62546. Believe it or not, $9,000 in Silicon Valley is nothing. Remember these people earn $300K per person a year. A couple can earn around $600K. So it is not far off. There are so many other properties that don't require three months' rent to move in. I am a property owner, and I really don't care about the deposit too much. But there are so many idiot landlords who just go off like that. Those are not professionally managed and have lots and lots of problems. And they are the one that necessitates these legislation and rules. I wish the landlords realize going off like that it would eventually make things difficult to make profit with the income properties.
    1
  62547. 0:19 😂😂😂 that was hilarious I actually laughed out loud hahaha
    1
  62548. Miami has become the new LA for the east coast.
    1
  62549. It’s a global crisis, the entire world bought into Monopoly money. You know how that ends.
    1
  62550. Joe Biden has destroyed the US economy while giving billions to Ukraine and Israel and illegals. WTF.
    1
  62551. Usa turned into 1980s Japan..prepare
    1
  62552. Thank you sir for putting the real truth out there. To many government smoking mirrors to calm the citizens of the real truth. Were in trouble!
    1
  62553. Well you mentioned it companies like Blackrock are to blame, Im no fan of government regulation but this may be be an exception. Other western capitalist countries require homes to be owner occupied or rented out.
    1
  62554. Noticed California home insurance was cheaper than Florida. How could that be? CA has more mother nature attacks, e.g., mud slides, forest fires, earth quakes, arson, and flooding.
    1
  62555. Congratulations. Nice to see you without the sunglasses 😊
    1
  62556. I am glad I am not buying no house 🏡Thank you Michael 😃
    1
  62557. Cigs, alcohol, and ammo.
    1
  62558. nice video. I was wondering if a house has a 4 million asking price in miami beach what kind of offer whould you make. I know it depends of the property but just curious.
    1
  62559.  @MichaelBordenaro  Agree
    1
  62560. All you can do Mike is tell people and let them choose their own path. We pretend it's just teenagers who are hard headed know it alls but those teens becomes adults who remain hard headed most of their life until something really bites them in the butt. They will often change their ways but will never admit they were wrong.
    1
  62561. remember, if they can change the definition of a female....they can change the definition of a recession.
    1
  62562. You r the best!
    1
  62563. Median home price in Ohio is 80k
    1
  62564. HI Michael- another great video as usual. I'm wondering due to the market and housing market being what it is and what is coming up, would this be a good time to be in business as a loan signing agent? A former associate keeps trying to tell me anytime is a good time since people are always buying or selling. As a realtor in Florida are you seeing more loan signing transactions still being done in person at the closing table or via online thru Docusign and other similar programs? Re: Larry Ellison and your opinion on what you would do with that kind of money; yes, I too would do the same thing. We are all her on this planet to do well for our selves, yes but we are also here to do good for others. It would be such an amazing feeling to be able to do so much good for so many!
    1
  62565. its always a great idea to take a ride by of a property you find online. and stepout and walk around it if nobody is living there and it seems ok to do so. the pictures are usually not what you see in real life. sometimes yes, most times no, even if it is just the surrounding area. the pictures are always taken in the most advantageous way. just an fyi. then if it looks good you could call up to see the inside and get a detail listing on it.
    1
  62566. Home price haven't dropped really at all but there are still good families that have been looking for an affordable home to live in sense covid started but the problem is when affordable homes do come on the market there bought up by people who are willing to over pay to buy them for rental income who are keeing families who actually have been wanting an affordable home to live in from actually getting a home
    1
  62567. Congratulations on 100k. We have been watching for awhile and forgot to subscribe! Now you have 100,001.00! Ha ha. Great vids.
    1
  62568. Meanwhile, Bank of America is claiming that the consumer is strong because of their record high credit card debt (not using cash or debit cards). "We are bailing out our highest educated people from their student loan debts." -- Aaron Clarey
    1
  62569. I still think a lot of these people are banking on a bailout. Upcoming election….but history is not on the side of personal and small business bailouts.
    1
  62570. If mortgage interest rates are going to continue to rise, wouldn’t it be smart to buy now instead of waiting for lower rates?
    1
  62571. Great vid!
    1
  62572. maybe you can put away the money on the side instead paying insurance and if something happens you have the money to fix it thank you Michael 👍
    1
  62573. Someone has to do an Office-style pseudo-documentary about Condo living. "The Condo" complete with locksmith extraction of the Board secretary.
    1
  62574. $500,00 a year on alcohol! Mike you failed Alcoholism 101, trust me I know. Thanks for the link to Homepath I will monitor my area. Travis just put up a video about Blackstone and their 50 billion reserved for the housing slowdown. I'm not liking that at all. Currently I have no debt and a house I just paid off in June. I was hoping to buy in 2023 but I may have to focus on foreclosures. A good book to read is "The richest man in Babylon" by George S. Clason. He talks about the 5 rules of gold, so you're right about that. He wrote this book in 1930 at the beginning of the Great Depression. You and your wife are on a great path.
    1
  62575. The low savings rate isnt so much about being "finanically irresponsible" so much as everything costing more. Student debt, even for good degrees; healthcare and even housing during certain times. The leading cause of bankruptcy is medical bills. Not saying everyone is perfect but have a little more empathy...... just because you are doing well doesn't mean people who aren't all made bad decisions
    1
  62576. Funny all the people who are paying our loans who paid our own way through school get zero zip nada... No help for the regular JOE.... That's the real crime
    1
  62577. Officially 10% more homeless than an year ago. But there are more in real.
    1
  62578. Heh..interest rates are going back to the normal boom and bust cycle. As for 40 years from now…well, I don’t think I’ll be around to worry about that. That’s 2063 and I’ll be 108 that year!
    1
  62579. Yes keep up the good work!
    1
  62580. Maybe the rents are going down for some of you, for me they are going up--a lot--31% in my case. Several of my neighbors have been moving, there's a moving truck every other day. The Rents are not dropping fast enough and the vacancies are stacking up. No one is moving in--only out. Not exactly sure what landlords are thinking but they are going to be maintaining empty properties for a long time. It's really dumb to be raising rents right now. If you have a paying tenet it would be wise to keep them. If rents really are going down, I will believe it when I see it, they will be gone and not coming back.
    1
  62581. You can get a New Car Loan with a great credit rating for 19%, but hey they will shave 4 points for 90 day's. Hilarious........
    1
  62582. Congratulations to both and hello from OCALA FL
    1
  62583. 👍👍
    1
  62584. First
    1
  62585. It’s world wide because we control the world’s money supply. The FED prints money and exports inflation
    1
  62586. It does fluctuate up or down depending on the assessed value in the entire state of FL.
    1
  62587. How many points do I get for buying in Tampa? Is the 57th one free?
    1
  62588. We're riding with ya.
    1
  62589. The main reason GDP went up Michael is due directly from the influx of NGO cash infused into our ecomy through the hundreds of thousands of illeflgal aliens spending George Soros money at the markets. Next time you are in WalMart (if you even shop there) get behind a family that looks suspect for being in the U.S. legally, pushing 2 shopping carts through to the cashier and watch the woman pull out her wallet and pulls out 2-3 govt. issued 'debit' cards to pay for the bulk of the bill and then pull out new $50 U.S. dollars bills to pay for the remainder and then it will dawn on you like a new day. I've seen it every time we go to WalMart...
    1
  62590. Great video!
    1
  62591. I have noticed by in large the Florida wages have not kept up with the inflated properties due to influx of people and work from home . Keep the faith and hopefully it’s coming . Many times builders are required to build some homes in sub divisions as affordable housing . For instance I have dealt with lending in these areas in Massachusetts. This particular development 2 years ago homes were in the 550k range , if I remember the project had 12 or 13 homes . In order to get the permits they had to make 3 available to low to moderate income folks . The one I was lending on was 375k based on the area in Mass low to mod income. Michael is always spot on so great resource . A little used program through FHA 203k allows you to buy and fix up a home using after improved value . As foreclosures come on line ( and they will) you might see an opportunity so hang in there keep credit in check.
    1
  62592. Congrats on the plaque. I’m working hard to get mine. Almost there. It’s a lot of work.
    1
  62593. With all these doomsday videos are you thinking of doing a different job? I heard real estate agents are quitting
    1
  62594. Drug dealers laundering money. LOLOL
    1
  62595. Jerome Powell has a net worth of $112,000,000, so maybe his future looks different than the average American working taxpayer. He might not see the same economic bumps in the road as most of the rest of us. BTW, his fed salary is about $250,000 a year on top of his current net worth.
    1
  62596. I think I now get how they plan to demolish the building. They're buying out the one next door too. So they can collapse both of them at the same time toward the center of that combined property.
    1
  62597. The housing value is now worth more then the federal debt,SO now the government can or will take your home value . And pay themselves and leave us with no equity Gov. Will take it.
    1
  62598. Buy now Pay Later already hapened in Europe in the 1980s. As a student I worked in a store where they sold washing machines, stoves and refrigurators. About 20% of sales were Buy now Pay Later. People preferred that over bank debts and credit card debts. Creditcards still are not popular in the Netherlands ( Germany same story). They are hardly used, only for online shopping perhaps. If you are in social housing in the Netherlands the rent can only be raised by a percentage determined by the Government. Mostly a little over the official inflation rate.
    1
  62599. I'm a new follower of yours and I like your videos and advice. Just not split half-and-half with the wife lol that's one thing many disagree on... 1 marriage 1 bank account. But that's just me!
    1
  62600. So there it is: 30 years ago in the same industry I was making 50% of what I make now and a home was selling for $126K and now that home is selling for over $2,000,000? What is the disconnect and collusion?
    1
  62601. Mid 2023 - early 2024 is my prediction. Like you said, people are starting to back out- this is just the first of birthing pains. American savings are starting to dwindle as inflation soars. People are cutting back their spending already. Fed increasing rates will cause the economy to slow more. It’s a storm out here.
    1
  62602.  @MichaelBordenaro  agreed! I appreciate your knowledge ❤️ all love to you and your family
    1
  62603. Over half the driving populace doesn't live in a house with a garage (or some kind of charger where they live) which makes an electric car extremely impractical. If don't live somewhere you can charge (or if you are lucky and have an employer who will foot your electric charger and have enough for all their employee's as I have seen a hospital where people who had tesla's who had to do a schedule to charge up - which for an employer either you spend a fortune for a ton of chargers or you lose a ton of productivity with your employees shuffling and worried about charging their car instead of their job) you have to go out of your way for a charger and then depending on the charger have to sit there for half an hour to hours depending on the charger and then you run the risk of that station being full.
    1
  62604. I'm waiting for a home price That with 20% down and generate positive cash flow for my investment I can wait while paid off my mortgage soon
    1
  62605. I hope all is well and I wish you all an Happy New Year, Michael and you folks. I finally got a complement from a friend, a broker. Back in January I told him that by July 1st, Chandler AZ is getting crushed. He said, “NEVER HAPPEN, Tony. Intel is under construction and chip manufacturing is coming to your zip code. The worst that will happen is a slow market and prices will continue to rise, slowly.” Yesterday, he said, “I ignored all the other factors you talked about. I only looked at the pros, and you were right, it’s the cons that are more important!” And he still couldn’t say he was wrong. He found a way to avoid it by saying that he only looks at the pros, not the cons. Why are people so afraid of saying they were wrong?
    1
  62606. Great video once again! So many great topics, a lot of work much appreciated!!
    1
  62607. Myztic has the answer to your bewilderment Michael. "Why are people not changing their behaviors in light of, and in line with, the current reality?" Such behavior is classified as being pathological. Simple as that.
    1
  62608. Michael thanks for having your great guest on . You both had so much information to share and being so honest and up front with everything. Keep up the good work.
    1
  62609. My brother moved to Portugal, we from LA
    1
  62610. I like what you were saying about moral hazard Sir. The sad thing is having morals don't pay in this world we live in now. Also people in Argentina are not saving money right now because of inflation. People there have to buy everything they need as soon as they get money. Im in Brazil it will be the same here very soon, along with the rest of the world. I hope I'm wrong, but I am not🤣🤣😂🤣 👌🌎🏆✊🇧🇷
    1
  62611.  @MichaelBordenaro Doesn't necessarily have to be crime, dishonesty appears to pay more🤦😂😂🤣. Keep up the great work Sir. 👌🌎🏆✊🇧🇷
    1
  62612. Your T shirt is not ironed. What happened?
    1
  62613. And who's paying for the mediation? Us the taxpayers? Or is the tenant who is disputing paying for it? Also isn't it safe to say that the majority of Americans are on a fixed income? wages have been stagnant for quite some time.
    1
  62614. Glad I'm still renting.
    1
  62615. bro, this is the big one. 2008-2012 revisited.
    1
  62616. I lost money with this FTX. You cannot write it off until the bankruptcy is done. will take years!
    1
  62617. I appreciate your honesty and how you relay your lived experience in the real estate business. It is unfortunate that some people are listening, but they are not actually hearing you. These are the same people that are trying to deny reality by always arguing over the exceptions because they cannot handle the facts.
    1
  62618. Looking at the long term real estate always goes up. My parents bought a small house in New York for $28000 in 1964. They sold it 15 years later for double that. It seems that every property I have been involved with has about doubled every 15-20 years. Recessions, economic booms,wars, high and low interest rates, and elections come and go. Maybe that’s all going to change , but it will be a very different world if that happens.
    1
  62619. The richest people live in the most expensive areas, who would have guessed.
    1
  62620. Only a damn FOOL would believe these scam inflation numbers…a can of vegetables is literally over $1.35. They used to be $0.35!
    1
  62621. I want to purchase a tenplex or something around that size as soon as the market hits rock bottom again. Hopefully there will be a rental demand at that time because what I've heard is that Trump is planning on deporting all of the illegals which I totally agree with.
    1
  62622. Thanks!
    1
  62623. I have watched you over the years, been wanting to retire there? wanted to get out of Calif. Now I have no idea what I'm going to do?. motorhome and hit the road. beep beep. :)
    1
  62624. Why do you think we are being gaslit about the economy being good?
    1
  62625. CA. realtors and appraisers have been falsely inflating prices for years...they shoot themselves in their own feet, 2008 and now, again
    1
  62626. Socialism- paying someone that doesnt live in your home to live in your own home
    1
  62627.  @MichaelBordenaro  BLM land is all over the West. An America the the beautiful park pass is less than a 100 bucks a year. I camp on National park and Forest, BLM, Dept of Agriculture and other gov land all the time for free or close to it with that pass. It's just not deluxe. You need to have your own water and power.
    1
  62628. Dude, you look better with a tank top, however you would do better with a pair of Ray Ban Aviators.
    1
  62629. Presuming that a percentage of current home owners feel forced to sell due to these increments, are there that many people prepared to take on those costs by purchasing homes with inflated prices, insurance, property taxes, etc.?
    1
  62630. Love this. Would you wait to buy in Florida ?
    1
  62631. Not the right answer! HOA laws have changed since the one of two condos went down. So to FORCE Condo management to cover for something that might not happen.
    1
  62632. The market won’t be like 2008. To many Wall Street investors still buying high dollar homes.
    1
  62633. If you have an escrow acct you are protected. If you lose your home bc of taxes not being paid, apply to the Govt for the balance of your equity being refunded to you. Yes, wen you buy a home its paid for out of your Govt Trust tied to your SS#. If you sign up for a mortgage loan, you are buying your home twice. Why do that?
    1
  62634. I just had some friends of mine move from Georgia to Ocala FL.
    1
  62635. Were you in a band?
    1
  62636. I'm pretty sure every homeowner with a mortgage has to have fire insurance, but not everyone has to have flood insurance.
    1
  62637. Unless you know someone well, people who agree to rent may become "squatters" and you cannot get them out. Be careful...........
    1
  62638. Michael- was there this much complaining about money shortfalls when Trump was president?? The answer is NO The problem is the democrats green new deal and 10 million illegal aliens getting treated like they are on vacation on the taxpayers dime. Another company in Illinois John deer is laying off hundreds of employees today. Not sure what’s even left of that company anymore.
    1
  62639. Gotta say, $40,000 a month is a bargain. It has a garage, a real drive way AND a patch of real lawn. You rarely see any of that in these videos!
    1
  62640. Bordanaro does the talk then the walk!
    1
  62641. Yeah it's definitely a global economic phenonemon that's going to bring down a range of people. From banks to governments.
    1
  62642. I’m just about fed up to my eyes balls with all this housing shit. It’s annoying and I’m a responsible saver and investor for 12 years. My bills are low and the wife and I live very frugal. We have a huge net worth for our age mid 30s. I’m almost to the point now where it will be a better quality of life by moving out of the country and buying a small property somewhere else. Thailand is on my radar and right now the wife and I could live like kings and never have to work again if we moved there. I’m considering this thought just about everyday now. It’s not right when 2 people save and invest for years to put themselves in a very solid financial state and then the pandemic increases prices by 50% in some markets. It’s pathetic. If this doesn’t turn around to more of a normal market within 3 years, we are gone.
    1
  62643. Yes. Demand. The bank creates home prices.
    1
  62644. Yes, yes:!!! What we need is some more "Stimy cheques". LOL. Goose the economy. See, I find that when Alaska pays citizens for minerals depletion, America should pay the country some kind of "internet dividend" because, we're doing the clicking and the checking out and that's labor. Ronald Reagan famously said that the gov't. would no longer enforce the Sherman Anti-Trust act ... he did ... and, although it took many years for the affects to be felt, seems the gougers are pricing "through the roof". It should correct eventually ...or not. The internet is a boon to productivity, but who benefits?
    1
  62645. Of Two Minds chart very interesting.
    1
  62646. A lot of small towns have much much cheaper houses than that.
    1
  62647. Michael, love your industry insight as always! May I ask, would you consider making a video as a how to on foreclosure purchasing for first time home buyers? I really want to buy an abandoned sh*tbox (distressed property) in a decent area and fix it up myself and build equity.
    1
  62648. Thanks!
    1
  62649. keep doing what you are doing Michael, never mind the negative comments. some people can't handle the truth.
    1
  62650. what I can see is that business owners will not be able to keep their business last for another couple of years 🙄
    1
  62651. Great video. Lots of wisdom in this content.
    1
  62652. You're right, I'm actually writing this when you took my thunder. lol. You said why would anyone buy a MBS(at 6.5%) when you could lose your money or you can play it safer and just pay a respectable but lower rate of 4% and have a 99.99999% chance getting your money back(unless the US gov goes BK)... States should limit what attorneys can do. This country has too many and we make it too easy for them to profit. Our country has 60% of the world's attorneys; that should tell you something... Hey, I'm 1/4 hillbilly and that yard looked half way decent to me.
    1
  62653. Lindley builders - not good
    1
  62654. The funny part is over 90% of all charging stations are powered by burning coal...lol.
    1
  62655. 👍
    1
  62656. Thanks!
    1
  62657. fed raising rate next week
    1
  62658. JC, put the sunglasses back on
    1
  62659. tighten up...............
    1
  62660. San Francisco had affordable apartments allocated for teachers, fire fighters, etc... The wealthy confiscated those apartments illegally, which cheated community workers out of a decent place to live. When wealthy people are greedy, they take with no regard to others. Also, houses in the United States have been sold to wealthy overseas buyers.😢 I would love to see on paper how many overseas buyers own property in Florida and California.
    1
  62661. They are not telling the truth about jobs. Not buying in this market! It is insane.
    1
  62662. its coming
    1
  62663. Jobs report is useless data. Most of those "open" jobs are not high earning positions, they are low paying PT jobs. Who cares about open positions at McDonald's? That's not sustaining a household. Do not pay attention to the government data. They are pushing a false narrative.
    1
  62664. Damn you are jacked Michael, you should do fitness videos
    1
  62665. We bought in May 2023 before seeing the channel. Oh well…. I’m screwed either way. At least my mortgage is only 17% of my income.
    1
  62666. Excellent video Michael, this one hit home for me as I have mentioned I'm looking to purchase in the SWFL area. Since I'm in the market for a condo, I have been seeing a average of about $5,000 reduction in price, some have been higher. Just wish we had a crystal ball to know where the bottom is,
    1
  62667. You couldn't pay me to eat that mcDung
    1
  62668. We who live in “Realville” listen to our host. No sugar coating here
    1
  62669. if you had told me ata 18 that id be where im at now at 34 i would've laughed. then 2008 happened.... then covid.... the 25% inflation.... i guess im just fkd?
    1
  62670.  @MichaelBordenaro  I was a long time ad agency exec: The saying goes: "Everything's been said, everything's been done." Just have to have an archival system in place.
    1
  62671. I never go out never buy more than I need managed to save $ for My great grand kids I crochet hats & scarves than one toy for each h kid groceries are so very high go to grocery outlet & food bank bearly getting by
    1
  62672. By mid next year, FL cities like Vero, Ft. Pierce, and St. Lucie will be more affordable due to increase in inventory and price corrections. Due to scarcity,, I'd avoid the tri-county area (Dade, Broward, and Palm Beach) as you will have lack of appreciation opportunity for what you'll over pay. Taxes and insurance as well.
    1
  62673. ❤😊
    1
  62674. Yup Exactly
    1
  62675. Love all your videos Michael ❤️Thank you 🙏
    1
  62676. Great video....thank u
    1
  62677. 😎 I can slim that list down to three: Rule #1 - Always cover your own ass first. Rule #2 - Always keep your options open. Rule #3 - In case of emergency, refer to Rules #1&2.
    1
  62678. Michael, the great thing about getting older is that you basically have all the things you will ever need. LOLOLOL
    1
  62679. Another great video !!
    1
  62680. Thanks
    1
  62681. It makes my blood boil when people bid on houses that have a selling price.  For 1 thing, we live during the richest generation known in USA history. More people have inherited big money more than any other and retailers are seeing that.  No.2 the value of money doesn't mean anything to spenders, -no Im not talking about the printing money and inflation devaluating the usd, I mean people of all classes are spending it on the most stupidest of things, ie, paying 100K usd to dig up a tree in Louisiana and ship it out to CA, etc etc., No.03 There are 5 million people in their 30's looking to buy a home. No.04 -there are not enough homes to go around. A local contractor I know is selling homes 1900 Sq Ft for 350K before its finished. Unheard of prices for this area. And the materials are the cheapest quality ever with the highest prices ever -thats a crazy point. It isn't slowing down on buyers buying, they are going into debt like crazy. I hope they have the means to make the payments for 30 years.  And No.05, there are tons of investors with cash just waiting for foreclosures to go on the market, BUT they will be snatched up so fast, the prices will not come down for a bargain price. Older homes may be a bargain (outdated, out of code, needing lots of work, low ceilings, bad plumbing, etc), but lots of people buying because everybody wants in the housing market now a days.
    1
  62682. THERE IS NO MONEY IN TELLING THE TRUTH AS USUAL IN THE US... JUST LISTEN TO OUR GOVERNMENT LIE!
    1
  62683. That’s common in Ohio . Seller financing the lone .. 10 percent interest is the normal rate .
    1
  62684. Wow. This didn't even happen to me and I'm pissed! I mean they Robed you legally. And I was actually researching flippa all morning.
    1
  62685. 1st
    1
  62686. Jerome Powell gave a little hint to millennials he said and I quote it is not a good time for you guys to be buying a house right now give it some time. If that’s not a hint I don’t know what it
    1
  62687. Great vid! Now condo's 😃
    1
  62688. Lying and Stealing is the game. Who can do it best . . .
    1
  62689. Can you make an updated east vs west coast of FL living, especially with housing and the huge influx of people. We need an updated version! Would love that!
    1
  62690. dave ramsey is gonna sell his gold and buy some cheap houses. dave is brilliant. not
    1
  62691. I think folks are going to have to learn to repair their own stuff. Lots of great info on the internet. Self reliance and exchanging skills have to become more common.
    1
  62692. My property taxes shot way up at the peak of the market in my area. I’m not holding my breath waiting for them to come back down. The party isn’t over for the tax collector.
    1
  62693. The government should NOT be involved in this. The government is us. It's not my responsibility to take care of people I don't even know, Michael. Also, you and have I no idea what decisions led up to this consequence. Was she lured into buying the place by ultra-low interest rates back in 2017, or thereabouts? You can't isolate the consequences from the earlier decisions that may have caused them. Without knowing the whole story you can't make a good decision about going forward.
    1
  62694. In 2022 when I started paying attention to real estate again and was looking for investments; plus why real estate went up so much, I originally believed that a crash would come due to many not paying their property taxes since values ballooned and many would be in shock when assessments were reassessed higher. That is a nice area where you are and usually you see this happen in lower and lower mid neighborhoods.
    1
  62695. Michael where can I look for a super deal, of course i would pay your fee for one of these short sales or foreclosure? I like middle of fla. ft lauderdale I’d consider. Thanks
    1
  62696. Well done Michael. My comment is the government is lying to us on multiple issues. They just don't want to panic people. Not trying to be political, but this administration has destroyed this country. Scary times ahead for all I turn to multiple sources to get a feel of the pulse of this country and the world If you watch corporate media, your not getting the truth Keep up the good work. Love the format
    1
  62697. I live in Minneapolis Minnesota. The political landscape here is toxic.
    1
  62698. Well done ..
    1
  62699. HOA's often lie so you can't even trust the paper disclosures they give you. My condo HOA said there was no needed maintence but the very next HOA meeting after I moved in they wanted to do a major project. You need to do you're own research and decide if the HOA is telling the truth.
    1
  62700. Those neighborhood sounds enhances your videos, Michael. We expect to hear them. They do not take away from your message. ☺
    1
  62701. An economist in the media Is predicting rising interest rates are here to stay.
    1
  62702. I always appreciate your honest take on things. We love south florida, but it's become unaffordable. Looking more to the north of florida now.
    1
  62703. leaf blowers are the scurge of the earth. almost as bad as the wef
    1
  62704. work smart not hard. Einstein said that.
    1
  62705. Thanks Michael 👍
    1
  62706. My car insurance went up $207 due to "cost pressures affecting the entire industry"
    1
  62707. Good work 🎉 👍
    1
  62708. Happy new years! Stay healthy and well. You are so smart... Keep feeding that brain.
    1
  62709. The party over Michael it’s payback time
    1
  62710. The home office videos were happier videos.
    1
  62711. Love your style of videos! Appreciate your content🤙🏼
    1
  62712. Read an article today on Entrepreneur that said the demand for homes in Ft Myers will remain strong. The hurricane having a negligible impact to future demand.
    1
  62713. I mean, you can get married with a beautiful, intimate ceremony for family and closest friends, in a nice place like a building rooftop, a park, a private houses with yard, etc. A few bottles of prosecco and some nice food items. You do not need to spend $30,000 to have a beautiful wedding!
    1
  62714. The reason for No down payment for doctors is because they have a high pay coming in the future yet they likely have big student loan debt. It makes sense for a lender to do that. It’s weighing risk.
    1
  62715. Those HOA fees are such a scam.
    1
  62716. Who the hell pumps money in these stupid projects?🤦‍♂️
    1
  62717. Happy late B day to the wife 🎉🎉
    1
  62718. Good one!
    1
  62719. When do you thank the capital gains exclusion will happen, I’m in that situation? Thanks
    1
  62720. Fed wants to procrastinate so people adapt to the higher prices, and hoping they can memory hole the huge increase in inflation from the Plandemic. Fed can't afford the increased interest on the debt, they are stuck. Don't blame the Fed...BLAME CONGRESS!
    1
  62721. Happy birthday
    1
  62722. You were or maybe still are a real estate agent, just artificially inflating the market.
    1
  62723. Vernon, Florida is the undisputed capital of fraudulent insurance claims ironically. That was supposed to be the subject of the documentary until the film makers got death threats.
    1
  62724. Fed didn't know to print US$$$ in 2008 recession. They know now but they printed too much US$ already
    1
  62725. People aren’t Grateful
    1
  62726. ❤❤
    1
  62727. They overpay to outbid and falsely inflate the market. They should regulate foreigners buying residential.
    1
  62728. You can live off $1500 per month in retirement if you have everything paid for (cars, homes)! Everyone should strive to get this accomplished. Make every sacrifice you can now to get it done. Many seniors run into problems after retiring and are then forced to do reverse mortgage on their homes because they cannot afford it anymore.
    1
  62729. Yea the whole world has been lying to you. Do not listen to anyone and you will succeed in life. Good luck!
    1
  62730. 10:20 Yep. Quitting your job and just expecting a great new one to fall out of the sky because of the media's gaslighting about the labor shortage is a huge mistake. The Fed is now openly discussing how to eliminate jobs and drive up unemployment. If you have a decent job, hold onto it.
    1
  62731.  @MichaelBordenaro  They go up to the area you are talking about on their weekends. I'm not talking about the homeless people, I'm talking about the people that advocate for abolishing the police.
    1
  62732. Wait until Jan 1st and people have to pay on student loans again as the FED tightens.
    1
  62733. Collin County Texas home price is still up there.
    1
  62734. Nice hair cut 💇!
    1
  62735. we are seeing the communist manifesto enacted right in front of our eyes!
    1
  62736. Thanks!
    1
  62737. i love when you walk through neighborhoods i like seeing the homes
    1
  62738. None of the historic crashes happened instantly. They all took a year or two to get scary.
    1
  62739. Americans can’t compete with the foreign investors. If an American tries to buy a house the IRS is all over him on where he got the money if a foreign investor buys a house in America nobody cares. He just shows up with the cash and nobody cares where he got it that’s the problem we have to be on the up and up and they don’t The original idea behind this was it gives people construction jobs they build buildings foreign investors buy the property but now it’s backfiring because we can’t keep up they are buying everything like you said Miami is owned by foreign investors so is New York and other major cities
    1
  62740. I eillt bet that a good 80% of Air BNy owners eat shit in a recession. Most aren't making the bills as is. My hypothesis is short term rentals get walloped with forced sales and foreclosures . You have to be nuts as a short term owner to ride it into negative equity or a recession.
    1
  62741. Everything is fine...just fine. We have a whole 44 days before the government implodes. All the best.
    1
  62742. Uber sucks. Left me stranded on a rainy night last year NONE of their drivers would come....NEVER AGAIN
    1
  62743.  @MichaelBordenaro  Just a speculation I had from even before my incident, companies like Uber "novelty" for a while, screw up an established system( like regular cabs) then disappear after they peak, leaving a hole in that market at the expense of the customer base.
    1
  62744. Forget about black helicopters, Blackstone's got leaf blowers and rain-makers on the payroll. They're mission is to stop you from giving us real, and real-life information to help us make good decisions in this crazy world. Keep it up!
    1
  62745. Mcdonalds moving in that endless shrimp Red Lobster direction.
    1
  62746. Flood, Forest Fires, Hurricanes are too big to be insured at a state level. Need a national level insurance. Floods all ready have insurance at the national level. Time for the rest. Insurance is a game of probabilities, how many insurance policies are going to have a claim every year verses the amount of money collected in premiums. If you sell “windstorm” policies only in Miami and Miami gets hit by a storm you will probably not have enough premiums to pay all the claims. If you sell all across the state of Florida fairly evenly then you reduce your risk. If you sell all across the USA fairly evenly then you reduce your risk even more. The number of insurance policies is not as important as the distribution of those policies.
    1
  62747. Instead of consolidating into a new loan, people should always try to get a home equity loan. A few years ago, the bankruptcy rules were changed such that home equity loans can be discharged in bankruptcy, leaving only the 1st mortgage, but you have to have the house appraised lower such that the first mortgage is under water.
    1
  62748. What about C of O’s? There are city fire codes! These governments are creating a death trap for the very people they are trying to assist! And who will pay for all these bad decisions by out of touch politicians?!
    1
  62749. That has been happening for many decades and nothing new. Pretty much the norm and part of how homes are bought and sold.
    1
  62750. I saw a broken down ranch in Bonsal California for 699,000 .. It sold with a Stupid,,, give your bid by envelope Saturday 2pm.. Well it sold for 1,500,000. Today it went into FORCLOSURE... Bag 🎒 Holder.
    1
  62751. what is the difference between me printing money and the fed printing money? Apparently, The fed printing money is lawful.
    1
  62752. Insurance is such a scam.
    1
  62753. Happy Birthday 🎂 🥳 🎉 🎈 🎁..." GO stay in a NICE CLEAN AIRBNB..!😂
    1
  62754. Big property tax grab in Colorado, not just the Springs. They slyly did it up jacking up everyone's assessments by 50% regardless of whether it was warranted rather than raise tax rates. It's a total scam and the legislature is making some very minor changes to help people.
    1
  62755. Great stuff I agree with you, You have \very good marketing vision. Market greed is going the kill the America Dream ...Home values in a good economy should increase 3 to 4 % per years and with low inflation people can live the dream ....I had a Ocean front condo in South Palm Beach I lived there for 10 years . I purchase it for 125 k with a total; remodel for an additional 50k . a direct l panoramic ocean view from every room 1300 sq ft and full length baloney. . the taxes were low and HOA was under 300 per month. It was dream come true .I always wanted to live on the Ocean coming from the Midwest . I don't believe the good things are only for the very wealth, that will be a sad day. I also enjoyed your broadcast on condo life , very good and correct information. I had no idea when i purchase a condo , luckily i had a very good building and board, Which some can be a total nightmare .
    1
  62756. Well now the suburbs are turning into a highly cost of living. Every state is getting expensive.
    1
  62757. So much great info depressing as hell but very good
    1
  62758.  @MichaelBordenaro  But as you said, lowballing an offer almost never works.
    1
  62759. Thanks!
    1
  62760. I'll live in a van down by the river.
    1
  62761. Yesss run away from heat 👍👍👍I enjoy your videos thanks so much blessings
    1
  62762. I was ready to invest now I have to wait
    1
  62763. 350 k and she's in debt and wants to invest ? Nope 🙅‍♀️. Stop ✋️ spending . Pay off your debt. Lowest first. 350 k she should be able to pay off some decent debt. I make a fraction of what she does and I just bought a car for cash because I refused to pay interest. I also pay between 250-300 extra in principal each month so my mortgage will be paid off by retirement. ( I just bought my house 7 years ago, I want to retire in 8 years.)
    1
  62764. FEMA is a corrupt joke. As I write hurricane Milton is now a cat 5 hurricane bearing down on the Tampa coast. Meanwhile the US governnment is missing in action. Myorkais, FEMA head, has his finger in his posterior......
    1
  62765. Bitcoin provides the exit from the theft of the traditional financial system where the government steals your wealth through taxation and inflation.
    1
  62766. Thank you Mike, i have been watching for a while and just subscribed.
    1
  62767. Michael: keep going! You are the best.
    1
  62768. Haha I laughed when you talked about a tree hitting the house because that's what happened to my house in 2022. Huge 300 year old tree demolished part of the house.
    1
  62769. ARM is a disaster!
    1
  62770. 70 million, LOLOL< that is why still there.
    1
  62771. Thanks Michael 👍
    1
  62772. Hi Lizzy again.... It's Fun to see you both.... I'm guessing you found a safe parking place..... Just think... All those High Cost's.... But the Value really isn't higher.... So if you buy into these High Amounts.... You're already Underwater....
    1
  62773. I used to shop at ALDI back in the 80's & 90's wilst living in Germany. It wasn't known for being a discount grocer back then...
    1
  62774. The fed needs to do quantative tighting, and keep bumping interest rates. We are just digging a bigger hole. But hey what do I know?
    1
  62775. Great walk today buddy! Thanks man!!!
    1
  62776. Nothing coming down in the south
    1
  62777.  @MichaelBordenaro  I know. Just busting your balls. I see too many Peter Schiff shows. Love your content. Great channel.
    1
  62778. I listen to you because i really like your philosophy. I believe it's going to be a long time until people will feel financially safe again or ever. During the pandemic the US had no leadership on any front. Unfortunately, it's going to take a long time to settle down. Take a breath and SAVE YOUR MONEY.
    1
  62779. Thank you.
    1
  62780. Those 69 percent were around in 2008 and they can smell a bubble of when they see one !
    1
  62781. Call a lawyer!! Lol
    1
  62782. The supply side of the equation has become a disaster. We know that low supply + cheap money causes astronomical prices where investors win. Instead of building more to keep costs down, they're always trying to push higher loans on people. We've already had two bubbles in the past 22 years where the home price to income ratio has reached over 7x. It's been at 4-5x for over 50 years, and then in 2000 rates started to progressively go down and investors swooped in like vultures. If we can choke off the supply of cheap money to companies like Blackstone, then I'm all for it.
    1
  62783. You can get line of credit and buy a new car cash. Then deduct the loan on your taxes. better than buying on credit from the car dealer or a bank.
    1
  62784. Walmart CEO stated that if theft continues food prices will increase significantly or they will have to close stores. So if house prices drop we will still have food increases and job losses in 2023.
    1
  62785. Hey did I miss something related to the fed? You said they were meeting on Friday yesterday. I have on my calendar they’re meeting on next week the 26-27th for rate meetings.
    1
  62786.  @MichaelBordenaro  ha no worries sir just wanted to clarify maybe I missed something. Latest unemployment numbers came out last Thursday went up 7k more claims and I heard nothing on the cable news shows about. Was hoping I didn’t miss the fed too? 👍🏻
    1
  62787. Scammers all over the place down there
    1
  62788. You can’t afford not to buy a home. Even at todays ridiculous prices and rates bc tomorrows will be worse. People know that.
    1
  62789. Where are the sunglasses bro
    1
  62790. Oregon WAS beautiful a while ago, it’s time to Escape !
    1
  62791. Oil bill for December here in Massachusetts $775, I cried, we are retired, thank goodness, we don't have little children, we were going to move to Florida but Electric bills and insurance, will be just as high as here in New England,the savings is running out, and the only good thing is the house is appraised for $815, but where are we going to move to that is cheaper?😢
    1
  62792. Hey Michael I succeeded in my double close, selling in Northern California and moving to South Florida! I’m coming back home baby!!! 🌴 Yeeaaahhh!!! 😎
    1
  62793. Its more like sellers and potential sellers are digging their feet in; they will not be a proper slump until there is a recession
    1
  62794. Great info. Thank you
    1
  62795. I called this out over a year ago. I just thought it would take a few more years.
    1
  62796. Man it would be great to talk to you....staking cash big.....need some insight....you would like my story....
    1
  62797. Don’t walk away from a lawsuit if you have a claim against the sellers. Ensure you do your due diligence and not financially expose yourself to a dishonest sellers. Real Estate litigation exists for this very thing. Lots of these cases settle in mediation.
    1
  62798. This is a common real estate trick! They are going to get 2.7Mill. An ignorant buyer will see half a mill down from asking.
    1
  62799. A lot of Americans never missed a beat during covid..as millions..well we all are paying the piper now .for many generations to come ..america will fall soon
    1
  62800. Don’t send any money to any other country for the next five years. That will help.
    1
  62801. The paid off house is the first thing
    1
  62802. All good things revert to the long term mean...
    1
  62803. Good questions Michael.
    1
  62804. Please check Toyota's Hydrogen engine and mechanics behind this concept this is real engineering that is a good solution to a gas car Thanks!
    1
  62805. I think we will see a bigger crash in average cities. Not the case of most Florida as many many people moved there during the covid restrictions.
    1
  62806. Another solid video man. 🤙
    1
  62807. Good to see your videos coming more often with great info.
    1
  62808. And that 62 million doesn't matter anyway because it's crowd sourced. Like when local governments pay out for the misdeads of their employees. It's just tax payer money so whatever. It's all just the redistribution of wealth only not in the traditional sense.
    1
  62809. As for ticket prices, Peal Jam took Ticketmaster to court and lost. Pearl Jam wanted to sell tickets at a reasonable price. Concerts are a rip off and look at Ticketmaster's fees. I honestly don't know who can afford to go to these big rock shows anymore?. Are they crazy and using credit cards? It's a 2 hour show for hundreds if not thousands of dollars. The same thing goes for football games. Where are these people getting money to go to a football game? Then they complain about their rent and food prices at the grocery store.
    1
  62810. Playing the waiting game sucks. I'm a first time home buyer and getting impatient lol. Not sure how long I should wait and I live in florida.
    1
  62811. I just sold my house but I had the agent agree to a 4.5 percent commission. Commissions are negotiable people need to realize that.
    1
  62812. The videos where the personality tells lies and peddles hopium get 2, 3, 4 times as many views - and that's the problem. The root of all our problems is the fact that people like to have their ears tickled while we burn. Pastors do it at church, corporate leaders, main stream media, collage professors, politicians, economists, your 80 IQ neighbor, your family members...they all lie through their evil teeth, and the masses cling to every word.
    1
  62813. The Middle Class is growing in China, as it shrinks here.
    1
  62814. You admit that government IS the problem, but can't think of how it could make things worse. You lack vision - Any bill passed at the federal level will be heavily influenced by lobbyists. The only chance that a clean bill could pass is a voter initiative This isn't an option in many states, but even voter initiatives are either heavily influenced or controlled by special interests these days. The only way to make housing more affordable is to make it cheaper to build affordable housing. Fixing government, as unlikely as that is, is the only solution. The first step in fixing the problem is NOT for further government regulation. Its evaluating the impact of existing regulations and rolling back the ones that increase the costs the most. The government could roll back zoning rules or rules that increase construction costs. The FED is controlled by the government indirectly. Trump, Biden and Obama have all had a major impact on what the Fed actually did. Just compare the writings of the Fed members before they joined the Fed and what they actually did. They know what they are doing is wrong, but they aren't truly independent.
    1
  62815. Highly recommend a book titled dopamine nation or simply try to understand that poor nations don't suffer from depression/anxiety suicide because they have lower standard of living.
    1
  62816. I have a huge amount saved for a down payment. Im middle income. I rent a POS w slumlords but good neighbors/area. Renting anything else will cost 3xs the amount Im paying and still not be great or in a nice area. Im spending more than a house payment on food bc my kitchen sucks. Literally the worst kitchen ever-shower doesnt drain etc. I thought my bf and I would be moving in together and he constantly told me not to buy. We finally ended it as it was not moving but obviously I saw the prices as Id been looking the last 10+ years. So in my situation while I hate not getting a bargain(I shop sales and use coupons) but I need a place to live w out mold and that has a draining shower etc. In my situation I domt think renting is the best option. Oh also perfect credit:
    1
  62817. owner occupied only for SFH. only 1 acre max per person. government gives you it tax free. Done.
    1
  62818. People in trouble were living above their means. Variable rate mortgages ? Its another way to payless to Buy more but eventually the rates were bound to change & go higher. Were these people living in a fantasy world ? If you carry credit card debt & don't pay off the balance every month your living BEYOND your means. If you save money for an emergency fund to pay your Bills for 5 months .... the emergency will happen. You don't want to make a Bad decision when there is a crisis. Having a cushion allows you to sleep much better.
    1
  62819. Michael they think we are dumb!
    1
  62820. The consequences of the inflation crisis have been causing too much damage. It has been destroying the middle class since 2022.
    1
  62821. Killer analysis ❤
    1
  62822. Another great video. FYI: In the UK, every Council (district) will charge a tax on unrented/unoccupied properties. Not sure if that will work in US/FL…
    1
  62823. A low cost of living
    1
  62824. US shall have a legislation to prevent foreign investors, especially crazy Chinese investors pour in with "all cash offer and close in 5 days with contingency waved" and buy up all single-family homes with at least 100K above asking price. I think New Zeeland and part of Canada did that. Especially New Zeeland, stop selling real estates to Chinese from China. What left is local Americans compete with local Americans for affordable homes.
    1
  62825. I love it ! And I agree 100 percent
    1
  62826. They own specific metro area that affects the economy
    1
  62827. Your reporting is fact based, not doom and gloom. Apartments in my town in SE MI have stopped remodeling, vacancies are up and renters are watching to see what 2023 will deliver.
    1
  62828. Thanks
    1
  62829. congrats on your new Condo Michael! You will be just fine, and prosperous in life👏👏🍀🍀
    1
  62830. Auto insurance up 27% because, because
    1
  62831. The speculators can only keep this Ponzi scheme propped up for so long. How many times can you keep flipping the same homes? When the lights finally come on you will want a triple priced home like you want a hole in your head.
    1
  62832. Congrats on the five years 🎉
    1
  62833. Anything to keep the price too high, thats the banks, government, and Real Estate lobbies motto, for ya.. Squeeze the peasants. Make the drones slaves for 30 years. Real Estate has the biggest lobby bribing Congress to keep it that way. They ought to get rid of the interest deduction while they're at it, and then maybe we can let the market decide what the real value is. Government ruins everything they're so crooked they make the mafia look like choir boys.
    1
  62834. In Dunedin Fla. (suburb of Tampa) 2/2 refurbished condos are still listing for $225K which is $100K higher than two years ago. The main difference occurring during that time span is that the frenzy has subsided, because you're seeing these units on the market for weeks instead of literally 2-3 days like it was at the height of the bubble. How can there be 104 down votes for informative content like this? That's 10 percent. Some may be disgruntled buyers or sellers choosing to shoot the messenger.
    1
  62835. Beautiful area, Michael!
    1
  62836. I give it a year or two saving my money and looking for great foreclosures! Can you imagine people paying 800k for a cookie cutter house worth $450k Hahahhaha I am waiting!
    1
  62837. I live in St Louis and all of our grocery stores have the digital pricing on the shelves now
    1
  62838. Thanks for the tips
    1
  62839. We're doing okay, but I do think a recession is coming. We are retired and live on one pension and two social security checks for about $110,000 a year. We're debt free but for a $95,000 3 per cent mortgage. Our IRA is not needed, so it's our emergency fund. Every single day, I throw out two or three credit card offers. We owe nothing on our credit cards and I like that. We just sold the main expense in our budget, our 42 foot boat. We just decided it was a luxury we couldn't' afford any longer. Especially, since we think a recession is inevitable. I used to live in south Florida. The worst thing about living there, was seeing all the multi-millionaires and thinking because you weren't driving a Ferrari, with a ten million dollar house on the ICW, and a two million dollar boat tied up behind it, that you were losing. The wealthy congregate in south Florida. It's not real.
    1
  62840. I see you're in South Florida come to cape coral!
    1
  62841. You make me dizzy just stay in one place!
    1
  62842. Truth hurts……
    1
  62843. True. I was bidding high because interest rates were so low. Neighbors were buying new cars left and right. Bidding wars with lines around the block for an average house. Michael should be in charge of the FED.
    1
  62844. I use cash because I do marketplace a lot
    1
  62845. Don't forget cost of the new water in the Cape and if you're still on a well you're going dry for months if it doesn't rain! Infrastructure is terrible in the Cape for all these people! Our roads, crime,water, etc!
    1
  62846. Unless the mortage lender gives you a very limited amount of time to refinance if rates lower.. then that sounds like a great deal. Just read the fine print. If it looks good.. I'd do it.
    1
  62847. Hello Michael and Lisi !!! Those years, it didn't affect us , EXCEPT for 2023 -2024 . President Biden !!!
    1
  62848. Love the comment that everything is backwards and it’s time to start doing things backwards
    1
  62849. I'm only relying on myself. I knew 20 years ago that everything was going to crap. I have 2 houses and lots of land plus lots of gold and silver. My company does have a profit sharing plan and mine's up to a few 100k but I'm sure it'll be way down by the time i retire. Social security I'm not counting on. If it comes great, if not, oh well, f**k the government. Thx again Michael.
    1
  62850. My bank has been approaching me with home equity loan offers. It does seem tempting but having less debt is much more tempting. I have already seen a neighbor foreclose after doing something like that. No thanks!
    1
  62851. I really love you videos.
    1
  62852. 30 year fixed in 2006 to 2008 went from 5% to 6.5% (1.5% in 2 years) 30 year fixed in mar 2022 to jun 2022 went from 3% to 6.2% (3.2% in 3 months)
    1
  62853. The whole country is under water
    1
  62854. Great common sense info video, Michael!
    1
  62855. I want to leave because 600k gets you a dump of a home in South Florida. Plus high HOA fees, Taxes, home insurance etc.
    1
  62856. Hi looking forward to the news
    1
  62857. Just want to say thank u for your coverage!! I think your right about walking in the rain and having new scenery every second… and I love that you me sharing some analytics about your channel .. I wondered if asking helps and I go back and forth on my tiktoks with that .. have a great day!!!
    1
  62858. Thanks, this has been helpful for me to decide where to move .... I'm gonna continue with Florida, cuz I love to swim in clean warm beaches. I know I can handle the heat, cuz I lived in Texas.
    1
  62859. Thanks for another interesting video! I thought the CDD fees for new developments covered the cost of infrastructure, etc. Is that not correct? I'm guessing that the seller is supposed to disclose that CDD fees are owed?
    1
  62860. They raided their 401ks since there was no 10% penalty thanks to the Covid cares congress passed.
    1
  62861. Thansk for the news. Dig your style of video. Nice to see the beautiful Florida, although way too hot and humid for me, and always beats just watching someone at a desk.
    1
  62862. Companies will buy up the housing and the single income people will be renting forever.
    1
  62863. another great video, may need to visit Miami soon, I feel 6 months will be the time we invest more in real estate.
    1
  62864. The government officials are studying the investor movement into single family homes, because they want to figure how to get in on this action, and make money for themselves!
    1
  62865.  @MichaelBordenaro  if sellers only sold to end users and not big money investors.
    1
  62866. 5:00 💯%
    1
  62867. I'm chasing promotion interest rates with savings acconts.
    1
  62868. Correction: I think Zillow must have meant 63 hours per month. At an average wage of, say, $40/hour that would amount to $2520, or about $2040 after taxes (20% tax burden). On average a person works 173 hours per month (just over four 40-hour weeks in a month) and so this would mean the other 110 hours worked would go toward all other expenses/savings. Of course, if you aren’t making Aug least $40/hour then you’re either going to have more of your monthly work hours going toward rent, or you’re going to be living in a place that costs you less than the $2040/month average.
    1
  62869. Great video man thanks 🍻
    1
  62870. FRED has layoffs and discharges, total nonfarm. Nov 2023: 1.546 million, Dec: 1.607 million, Jan: 1.596 million, Feb: 1.681 million, Mar: 1.526 million. Low of 1.287 million in Jun 2021, high of 2.654 million Apr 2009. So layoffs and discharges aren't super high nor super low. One reason why unemployment remains low is that over 11,200 Americans will turn 65 every day from 2024 until 2027. That's 4 million people per year. And probably most of them will retire and employers will need people to take their place. Amazon has two main products: consumer and AWS. Margins on AWS are 30%. Their net profit margin is about 6.4% so margins are far higher at AWS compared to consumer. Everyone doesn't want lower rates. If you make a lot of income from Treasury bills, notes or bonds or bank CDs, then you'd be happy with higher rates as you can just spend the interest on consumption. The financial nickname is T-Bill and Chill.
    1
  62871.  @MichaelBordenaro  Granted, some remodeling was done in 1 month - new kitchen and 2 new bathrooms.. Maybe $15-18K of work done in total. Even then the flipper profit margin is nice. I cannot wait to get a fixer upper for under $160k which is my budget. Just need to find one that is not in the crack part of town that our lovely manlady mayor Castor bought up.
    1
  62872. Rodger
    1
  62873. You are the best 👍
    1
  62874. ❤
    1
  62875. Poaching everyone of their disposable income and then some.
    1
  62876. I'm using a HELOC under $60,000.00 for my personal home improvement, not as an investment. I don't have consumer debt and my remaining mortgage is a fixed 2.25 % for the next 7 years, then completely paid off. The HELOC is a fixed one. These can be dangerous, and if one is not responsible and very careful, one can lose the house. Just be careful, and Michael is right. If you bet the farm using a HELOC for an investment, and the investment goes south, you can lose everything.
    1
  62877.  @MichaelBordenaro  yes, let’s hope not but some of this is starting to feel calculated. Thanks for your videos.
    1
  62878. 07:02 And…WTF 😂 😂 😂
    1
  62879. That was a very well balanced viewpoint Michael. Right on.
    1
  62880. Boom, gloom and doom! These are learning exercises. It is a part of life that you must be able to address when they occur.
    1
  62881. Comment.......Good luck selling the new condos.....LOLOLOLOLOLOL!
    1
  62882. It's like the secret no fly list
    1
  62883. ❤❤
    1
  62884. I like that door @.30 video
    1
  62885. You might be underestimating how serious a 5% decline would be. If you live in a place where everyone is in a mad panic to buy real estate before it gets more expensive, seeing it drop by any percent is that "oh, really?" moment where people realize they don't need to buy right away. I'm thinking that's how it went in Toronto Canada. It started with 5% and then there's a mad rush for the door when everyone realizes it doesn't always go up. 5% quickly becomes 10% or 20%. It depends on the city, the mentality, who is buying, why they are buying.
    1
  62886. The Colombians will be returning home after they get their tax bills...lol.
    1
  62887. If somebody is creating fake docs for you and you go with it you got what you were buying for. Specially for someone buying a million dollars house. You definitively should know better at that range.
    1
  62888. Glad I invested in tulip bulbs at 29 cents - they went up to 39 cents - I bought 50 of them
    1
  62889. Hi. To your lovely missus 🎉 Best wishes from Singapore
    1
  62890. Or is this on the order of 1929? People were losing their homes to foreclosure at that time too.
    1
  62891. The gap is because price is capitalized to income. This is why prices go down quickly once rents drop, especially if organic price appreciation stagnates or drops. It's a perfect storm when that happens.
    1
  62892. Mike, $10K is a drop in the bucket for my daughter's med school college loan. But like you I am against the $10K student loan forgiveness only bcz Biden wants to beg 4 billion people's votes in November. This is not fair and criminal like you say here !!
    1
  62893. Still waiting for Nick’s app to launch.
    1
  62894. I have been looking for a house to buy for seven months. I have been patient. But I can no longer wait. The place I am staying has a leaking roof that no one has the money to fix. I found a townhome built in the 80s. It needs some updates but nothing major. I can be patient on upgrades too. I might take on a project or two a year. Everything I do will increase the value. I wanted to wait longer but that was not possible. I am happy that I will soon have a home. I am tired of looking. This one felt right and it came available at the best possible time for me. I was also tired of my temporary living conditions. It was a stressful market for buying a home. But I have seen that it is easing. Not as crazy as when I started looking.
    1
  62895. Thanks Michael 😊
    1
  62896. Thanks, Michael! You’re very funny, hahaha!
    1
  62897. Domino's falling worldwide
    1
  62898. Thank you so much for your helpful videos. Please keep it up. The information about Ecuador was very useful.
    1
  62899. Very rough times are coming
    1
  62900. they inflated the dollar away. all your hard work doesnt' mean anything anymore.
    1
  62901. Is it possible that the govt could help to remove or reduce the 10% penalty and/or the 20% taxes for 401k early withdrawals? This would really help with the inflation and high credit balances consumers are dealing with today.
    1
  62902. I think it all comes down to needs. I live alone in a condo downtown Toronto. 1. I never hear my neighbours, never see them, I don’t even know they have a party until I actually walk by their door. 2. Maintenance fee takes care of everything, including snow removal (I’m Canadian). 3. I have a 24h concierge receiving packages for me. 4. I feel save every year of the week and if I need anything I can ask my concierge. My man lives in a house and his neighbours know everything about everyone. He cannot have a loud party till late night or someone will knock at his door. 5. My utilities bills are certainly less pricey compared to a house. I can get Internet for little money with a deal for the building. My man in a house pays full price for everything. For me it comes down to two things: 1. Condo wins on being in perfect location and everything walking distance, feeling safe and never alone. 2. House wins in space to my ever growing closets and a potential backyard to raise a big dog and
    1
  62903. I watch both channels
    1
  62904. Something that you mentioned that I don't hear enough... People recently bought inflated priced homes, once your market declines by 10% or more, so does your home. If you want to sell, how does an appraisal support the value for a new buyer if they want to obtain financing? You need to have your loan paid off through the sale, but if the value is no longer there, how can you sell? That, I think, could lead to some short sales and/or foreclosures. Especially with the layoffs, people may need to find themselves needing to sell but cannot, so when do they just wash their hands?
    1
  62905. The cars driving by was buggin me out in my headphones lol Edit: cars, not cats 🤦‍♂️
    1
  62906. I’m broke maybe Brian can give me some of his money
    1
  62907. HERE WHERE I AM IN VIRGINIA..MARKET RENT FOR ONE BEDROOM US GOING FOR $1579.A two bedroom is going for $1679..IM TRYIN TO BUY AND MY MORTGAGE GOING FOR $1550..RENT IS CRAZY TOO
    1
  62908. 3:29 That would be the State of Oregon. Portland i've heard.
    1
  62909. Happy Thanksgiving, Michael!
    1
  62910. We need to make the BUY AmERICAN ONLY campaign on all grocery items 😊
    1
  62911. I'm van life for the next year to buy property. I use to live in Belvidere Illinois! Rock on
    1
  62912. I wonder if other states are doing the same thing?
    1
  62913. When you say the homes that where 250-300 and now 450-550 can u put a time frame. If it’s 10 years since that value isn’t that fair
    1
  62914.  @MichaelBordenaro  don’t feel bad, you look great 👍 I’m just a lucky 🍀 guy who looks younger to be 50 😅
    1
  62915. I watch his video but I think this take is not based in facts. Va loan have a low default rate and they are often zero percent sometimes the ratios exceed 100%. They even have high debt to income ratio. USDA loans are low down payment loans. Let's be real mortgages in the United States are not market rate loans no one is going to lock up their money for 30 at a rate slightly above inflation. And unless you putting 20% you Pettibone can't afford a mortgage. Any less than that you don't have enough equity to sell it without adding money.
    1
  62916. Future reference from an Oregonion. Oregon is just pronounced like “organ”.
    1
  62917. Fine with me if RE drops 50 percent😊 But not good for those who would be underwater with their mortgage and need to sell soon😢 I forget how much they dropped in last time things went south.
    1
  62918. Exactly... my starter home in Indiana just jumped up 4% this week. Makes sense to me. 3.5% rates were an Obama abomination designed to put people in homes they couldn't afford AND it drove down home values and rent prices for a decade. That's all over forever. Values are coming back because 6.65% mortgage interest was always considered an excellent rate, as it will eventually become again. The free interest rates are gone
    1
  62919. All fiat currency goes to 0 so hang on
    1
  62920. It has been that way for awhile. The laws are different everywhere. It can even be on a county by county basis.
    1
  62921. Great video Michael, and you are spot on with your content. The real estate market will still function regardless of interest rates. My first home purchase was a VA loan at 8.5% and we had to delay that purchase because rates were in the 14 to 15% range. The thing that was different is that the affordability factor was way better. With the absurd sky rocket of home prices and the raising of interest rates it will be interesting to see how things shake out. People that have huge equity in their homes will be forced to lower the price if they need to sell and move. Since the rates are only going to go up that means that the housing prices will have to come down.
    1
  62922. You do a great job! Great content everyday! Thanks for all you do to educate people.
    1
  62923. 3% is NOT a normal rate, 5% is Look at History. High prices NEVER go down . Trust a Boomer
    1
  62924.  @MichaelBordenaro  that's a good point.
    1
  62925. I love Michael's Page. I am a realtor in Florida and here is my perspective... Are there sellers that are out of their mind? ABSOLUTELY Will prices correct? NO QUESTION -YES! What will be affected most? I think condos on the beach and wealthy folks 2nd and 3rd homes. Those will be on sale in the coming months. But I think it is inaccurate to say there is a massive crash coming. At the end of the day...this is Florida and people are coming here every single day. The COVID era simply fast forwarded that migration. I've also done dozens of deals in the past year...every single buyer and loan has been legit. And if it were not for the rate hikes, the rapid buying would still be going. So how much of a crash is this going to be? We will all wait and see.
    1
  62926. Oh my goodness, I was just talking with my son who is 35 last night about how much has changed in 10 years.
    1
  62927. I think they only stay up on roof for a few hours at a time
    1
  62928. Great video Michael! You are walking in my favorite neighborhood Sunny Isles. I was renting a condo on the beach there to be close to my job in Aventura mall! I enjoyed being on the beach but after moving in I found out I didn't have a access to parking garage and getting my own car!! It was quite a headache every morning to wait for valet! No matter what I said, the condo association did not allow me to park my own car. I'm glad you mentioned parking, fortunately I was only renting but It was a quite experience with a garage! I will go back to Sunny Isles but this time I make sure I can park my own car and not needing valet every time ! Great advise on this video ! 😊
    1
  62929. I had a place in Pensacola Florida I dumbed it in 2011. .. bought in Ohio ..
    1
  62930. Maybe if the rich actually invested in productive things that help society, rather than speculate on real estate, things would be better.
    1
  62931. I come here just to get my dose of good lecture and I love the accent. It's like that uncle to tells you straight up.
    1
  62932. For example in texas tge lot value might be $40k on a $400k house. They will qualify you on $40k/12. Bit in reality most new homes are in a mud district with taxes being $3.50/100. Do the math on that one. $12k for taxes. But tge bank only has $1200 figured for your escrow. The following year when they pay the real taxes of $12k. They will want $12k-$1k=$11k for prior year the another $12k for up coming year. That an increase in your house note if $2k/MONTH (NOT YEAR). IF YOU CANT PAY IT THE BANK WILL FORECLOSURE ON YOU. Read your deed if trust & see what it says.
    1
  62933. You don't have any crypto sponsors which already gives you a significant bump in your credibility in my book! Great info thanks for the video 🙂
    1
  62934. I'm one of the ones who said we don't need new regulations. I didn't offer solutions because I think the free market is the solution. The market will fix itself. It's true that right now it's not a good time for a buyer to buy property, but over time the pendulum will swing and it will become a buyers market. If the gov't were to be involved, I think a couple solutions would be incentivize builders/developers to build new housing and for municipalities to make it easier for homeowners to add "granny flats" and for people to build tiny homes.
    1
  62935. I have read that the average debt on credit cards is $6K. Is this what you've found?
    1
  62936. Retail that’s there own fault a pitless effort to buy, but, buy. I heard 4 million students didn’t go back to college. Does retail watch the economy or watch your YouTube channel or IAllegedly if they did they would know. They going to lose money on theft as well. Good luck!
    1
  62937. Thank you Michael some economic sanity as usual. It's a frigging mess, not only in the US but internationally.
    1
  62938. I feel horrible 😂
    1
  62939. The money stays in the elite families. They’ve set it up that way a very long time ago. They own and operate all the major companies of the world. By design 100%. They just try to make us feel like we too can have all that if we just work ourselves to death. But noooooo…they come by it thru inheritance down thru the generations and they keep it locked down by doing it that way…all in the family. It’s known as the Roman Empire. That’s why we have the Eagle as our symbol. It never died…it just migrated to take over the Americas from the people that had been here for thousands and thousands of years. Our rulers actually aren’t the good guys.
    1
  62940. At 6:28 into the video, she is giving you a BA :) Got to love that. Michael, you would get way more views if you mixed some close up shots of bikini's into the real estate content. You could focus a little more on the lifestyle of Florida that way.
    1
  62941. What sucks worse, California or Florida?
    1
  62942. You have been the most reasonable person that have to talk about this crisis and the investors.
    1
  62943. LOL..."riding the thin line" that sounds like most of this country, and the surprise coming very soon for all too many. Best to all...I think we'll need it...
    1
  62944. You forget the cost of legal expense. Can you pay $500 an hour plus damages? Remember insurance does provide legal expense. I doubt $30,000 average liability claim includes legal. In insurance, the question you always need to add, how much are you willing to lose. Your argument loses credibility that people have the ability to save. Even the rich insure their assets. Now they may retain a higher % of the loss. The antithesis of your argument is relying up FEMA or the taxpayers to cover the loss. Ask the people in Ft Myers that didn't insure.
    1
  62945. I find it funny that the areas you walk through are worth billons and they have overhead power lines . My area was blight in the 70s no telephone/ power lines , With all the bad weather there I guess you guys enjoy living without Electricity, LOL
    1
  62946. Houses still flying...good ones at least...the price reductions are just from bad homes with greedy sellers...less than a month for a house to sell is still good
    1
  62947.  @MichaelBordenaro  You are one smart dude. Mine just went up 30 percent. Pissed me off.
    1
  62948. Michael I have a question. If I understand correctly, the federal government in the United States is paying off the national debt with new loans? Is this correct? If this is correct then high inflation is a blessing for the national government, right? The value of debt vaporizes before your eyes!
    1
  62949. I have a lot of rental properties and one of my insurance companies just went bust in Florida and the state of Florida’s insurance board sent me a refund check for the premiums.
    1
  62950. The rich pay cash a don't care about the apr also.
    1
  62951. I think you need a way to create income from this channel. I dont know if a course is the right solution because there are several other people like you talking about the housing crisis.
    1
  62952. ​ @MichaelBordenaro  Well, you are doing a great job and I think you're absolutely right. Maybe a course on the best way to capitalize on the crash, maybe a short sale or foreclosure. Just a thought, all my best.
    1
  62953. Consumer spending is up because of inflation.
    1
  62954. great talk !
    1
  62955. another great video!
    1
  62956. Big money is coming in to suck up all the crumbs that are left for the serfs... If they can't offshore your job, they will make you do the work of 3 people. Now Realtors are on the chopping block.
    1
  62957. Thank you
    1
  62958. Thanks!
    1
  62959. It is a reflection of how people vote. I'll also add it's not really an either party issue with some things. This is why it's important to actually read what the person stands for and wants before blinding voting for party like it's a sports team. This lawlessness and degeneracy is from useful idiots voting for it. If a business was run like some of these cities they would be out of business and for good reason.
    1
  62960. Insurance is a business that deals with risk. Insurance companies can't afford to rebuild small towns every two years. Hurricanes and flooding are facts that need to be understood as the owners risk of living in FL. A business seeking profits won't find profits insuring sitting ducks that masquerade as waterfront mansions.
    1
  62961. Outstanding video.
    1
  62962. In Puerto Rico, the houses are built with concrete(including the roof). This means lower maintanance costs, lower insurance costs, and fewer construction materials because your house lasts longer without repairs. But the goverment want to keep it that way due to special interests from banks and construction companies. They make a lot of money that way.
    1
  62963. COL going up but salary increases don't match
    1
  62964. This is going to be the biggest economic downturn in modern American history say the last hundred years. All the stars have lined up and it’s going to be a doozy.
    1
  62965. If I have need & can afford to buy home now, I jump on 6.5 rate.... cuz its long-term ride for me.... good day
    1
  62966. Michael i have question. If your house goes underwater, can you still refinance? My realtor said i can.
    1
  62967. 1
    1
  62968. So, you can have personal income tax or in lieu of that pay property taxes. The deceit that states offering no personal income tax is that the state will get their money. Those monies will be every tax that’s associated with living in an accommodation. Florida has this system and are pricing people out of the state.
    1
  62969. Consumer prices are rising 😮
    1
  62970. sold house n. bay rd. last year
    1
  62971. Good Morning from Australia
    1
  62972. $1M for a fixer upper? Definitely getting unaffordable. What are the property taxes on that for a non-retirement age person? How about the home owners and car insurance? Also, what are wages like and are they keeping up with costs?
    1
  62973. More Doom More Gloom
    1
  62974. That's where electricity belongs.....leaf blowers and lawn mowers not in automotive. Just saying.....
    1
  62975. I LIKE HEARING ABOUT THE CRAZY HOMES.
    1
  62976. We have no GDP it's all bulshit
    1
  62977. i’ve been watching your videos for about 9 months and most of the homes you show on your walks are no where near a million dollars. so if they are buying and rent there just because of the beach it only shows how stupid people are in that area
    1
  62978. Maybe because of the mid-term election on November the democrats could lower the interest rate to get votes.What do you think?
    1
  62979. I always put comments to try to help people out and say don't buy these 50k+ cars. I hear all the time from people that they regret buying an expensive car/truck and wish they kept their previous one. Getting the new thing always wears off shortly after purchase but people sometimes have to make that mistake to learn from it.
    1
  62980.  @MichaelBordenaro  when people say/remote workers everyone autothinks Tech workers. I’ve worked with a lot of people that are independent contractors in the medical field etc. salaries for Techies were going as high as $400k fresh out of IT school. Tech is laying off and requiring employees to come into the offices that are being paid for monthly
    1
  62981. As a retiree, those are places I don't want to go. A hot economy means rising prices for everything. I was in LA and San Francisco for over twenty years. I need a slower pace now, some place where leaving my turn signal on for several miles is normal.
    1
  62982. No, get married, rent, stay debt free, then buy the house.
    1
  62983. ONWARD
    1
  62984. that insurance story is crazy ill never buy a condo
    1
  62985. I had a real estate agent come through one of my homes years ago. One of my 1st questions to them was "What do you think I need to do to help sell" Fortunately it was only a couple of things that didn't cost me, just a little effort on my behalf. Sold quickly and got what I was asking. Listen to advice!
    1
  62986. You brought some heavy knowledge on this one. Great content 👍🏽
    1
  62987. Yayyy love seeing Lisi!! ❤❤ Happy Birthday!!
    1
  62988. HAPPY HAPPY Birthday 😊
    1
  62989. 🎉🥳🎈❤
    1
  62990. Hi Mike. What camera set up and mic are you using? The quality and sound is great.
    1
  62991. Hi Michael. When enough people can’t afford a home or a car I would think a serious correction would occur. I think the average car is around 47,000 new. I wonder what food and medicine will be. If you think things are high here they are, but UK is worse. I am lucky to have two countries where I have citizenship. England and USA. I could go to Israel to live. I have no desire. I have heard Mexico is very reasonable. I’ll stick with England or USA. 74 yrs old is no time to experiment with the world countries.
    1
  62992. Hearing parrots in the background 😊
    1
  62993. Thank you for uncovering what they're & trying to do to us!
    1
  62994. A ton of military personnel usually PCS this time of year too, so, they'll be selling and buying.
    1
  62995. There will be no more normalcy. This is the crash that brings in the beast system. CBDC.
    1
  62996.  @MichaelBordenaro  I guess I’m being optimistic that people aren’t this naive, which makes me hope you’re wrong about Americans because financial ruin is a special kind of suffering that I wish on nobody. It freaks me out sometimes to hear people are shooting the moon just to live. And that people could lose their homes. I think you’re right about this being FOMO though. I think I should also add that we are very astute with money, both of us, and don’t feel much need to impress anybody with our home or cars. We live well beneath our means and both have HYSA that we contribute whatever we can to every month to the tune of 5%. Merry Christmas sir, love your content!
    1
  62997. Love the details of your video!
    1
  62998. This recession could have people moveing out of Florida wich would make me very happy.
    1
  62999. As always Michael good content. On the housing length of ownership my parents have had the same house in Winter Park FL since 1972. I’m following suit at 60 been in our house for 24 years now so I guess it’s a matter of build wealth vs moving around unless you need to. On the stock market index funds are nothing more than a basket of stocks in which the fund manger selected for various reasons. They are so good in good times but terrible in times like these. I prefer utilities pipelines and solid divided payers with long histories of increasing payouts. I may have lost out on the highs of market euphoria but all of these are up in a bad market and paying dividends keeping up with inflation.
    1
  63000. All these housing problems and more going on, with our overall economy, keeping state pension and social security. alive, when fed pivot happens, the money printing will be insane.
    1
  63001. I'd say hard work only really pays off when you are self employed. You will never make as much working for someone else. I get that some people are just not the type to do that, so you need investments and proper financial planning for that. What I've seen is basically have 4 streams of income to get ahead.
    1
  63002. Agree!Thank you Michael!
    1
  63003. Its all over come October Nov first quarter everything is in shambles. They need the incoming president to take the blame for it. Its all a controlled game.
    1
  63004. Walking on the street is the latest trend. But I prefer seeing you in the studio settled and with less destruction.
    1
  63005. Michael I think we are a shot of fun and everybody on the channel should invest in it we should go after one of these condos and buy it and we should all make money off of these condos hangover and development or theorem down and build up a new one for all your followers we should create a bond
    1
  63006. The background is hilarious.
    1
  63007. Too much corruption and greed
    1
  63008. AGAIN, depends on WHERE. I’ve had 1 mortgage in 6 years. Everyone pays cash for their home. Not making life decisions on what a bank tells them to do. That being said YES middle class 2 million and under listings hurting as well as commercial properties. Be in business for yourself & have employees, you will be rewarded. Don’t be a slave. Have to add the Cali Info😂. You have to make as an individual in SW Florida 100k to qualify for an apartment. Cali must be the same or more. Typical job doesn’t pay that much now ah days as you know.
    1
  63009. I’ve learned to utilize my credit cards to purchase things with interest free financing usually over 18-24 months. I use it rarely and I pay things off in a few months and account for it in my budget. Keeps my credit accounts open, my balances low and it doesn’t wreck my credit or put me in a ton of debt but a lot of people don’t have the self discipline to have a 20k card limit with a couple hundred buck balance on it.
    1
  63010. Like our host, I have no consumer debt. I’m older. I probably have ten credit cards and “exercise” each one and pay to -0- each month. My Credit rating is the same as our host.
    1
  63011. was that the hammocks in kendall?
    1
  63012. Thanks for mentioning Santa Cruz
    1
  63013. Nice video. got here accidently, however it was a very pleasant one, it brought back some nice memories. I was an international student doing my masters in engineering at CSUN Northridge in SF valley in early eighties. I would on numerous occasions head down Topanga canyon and stop at Bob fishing and bait supply on PCH get my fishing gear and supplies and head north to Paradise Cove pier. The parking for a whole day was TWO dollars then. On multiple occasions filming sets would be there as this spot was popular for filming i guess. I sometimes would walk north and do some surf fishing up to Point Dume which separates a secluded not well known then NUDE beach from Zuma Beach. The exposed rocks and erosion of sand is a common scene in that area it is usually after a major swell and big waves that wash out the sands but they will be reclaimed back after a period of calm sea conditions. This is obvious in the video from the sea weed washed out on the shore. I've seen these variations on this stretch of beach. By the way Johnny Carson's estate is few hundred yards on a cliff north of the paradise cove pier . best regards.
    1
  63014. Thank you
    1
  63015. People please wait at least 6 months before you buy ... let the bubble pop.. most companies like Evergrande in China which is the world's 2nd largest property development company went down for over leveraging their loans.. this is whats happening to our markets in slow and painful fasion
    1
  63016. This place actually looks like any little town in northern Europe, except for the palm trees "and things like that" ;o)
    1
  63017. Split up and disband fanny mae and the fed.
    1
  63018. Imagine all that
    1
  63019. I'll wait until interest rates are 10%, Gasoline is $10/gallon & minimum wages are $35/hour. I can afford a NEW house and car in 2024, when this happens?
    1
  63020. I NEVER believed in the BUYER AGENT thing. I was either a listing agent or a transaction agent, never a buyer's agent.
    1
  63021. There are not out of touch with reality they think it's funny.. complete evil..
    1
  63022. I've lived in Rainbow Lakes Florida for about 7 years. It's a small quiet town. If you drive 15 miles east, there is Ocala. There you will find everything, restaurants, golf courses, horse farms and open land.30 mins North of that is Gainesville, which is a bustling college town. Home and land prices in these areas are much lower than the bigger cities AKA, Orlando or Tampa. I pay $830 a year in taxes on an acre of land with my own water well. It's also cheaper to buy a condo for rental income vs a high priced one. "It's not what you make..its what you keep".
    1
  63023. These great prognosticators do not amount to a hill of beans. That is why the stock market did so badly today. Wahoo!
    1
  63024. We don't need programs to help the poor. We need bankruptcy to clear out the crap from the system.
    1
  63025. thanks man. I like your forward thinking and provide some of the consequences.
    1
  63026. You can't key hopping on the fed and low interest rates. You said so at the beginning of your video that foreign investors were allowed to invest in homes in the US. I see money coming in from crypto, home investors, home flippers, and last but not least money laundering. Till this day I'm still getting phone calls and emails from cash investors. Airbnb is on the ledge and about to fall do you think the Fed will bail them out. Remember free market 🤣😂🤣😂
    1
  63027. Oh my! Too bad, but the woman you spoke of has not learned one thing from her circumstances, and it sounds like she is planning to go off the cliff. I thought I was ignorant re: finances. :/ Another great video! Thank you!!
    1
  63028. Awesome video, two of my favorite YouTubers. Thanks for posting.
    1
  63029. I'm ready and willing To pick them up after it fall And hit the floor But one thing I wouldn't do is Catching a falling nife 😂😂😂👍🤠
    1
  63030. People are still buying those hefty monthly payment cars. Have to have new. Won’t have a preowned. Used cars you get someone else’s problems. Same for boats and campers. If you can stay where you are living, do so unless there’s a life changing event. Told my wife no vacations till further notice…….our hours is fine. Stay home. Enjoy it. 2024 is and will remain very uncertain. Interest rates I think will be lowered and the trouble will begin. Great Michael!
    1
  63031. The Chinese that do manage to make it out and get over here remember have to give they're money to a person or exchange cause they can't move they're money in China, so essentially they have to be shady, so of course they look shady trying for first house. I totally understand what they're going for but man, we are a country of immigrants. Can't discriminate if they got credit/ job/ money/ family what's the problem! Love the videos
    1
  63032. Why don't you talk about Bitcoin, the biggest trade in history. The bull market is underway.
    1
  63033. I've been watching YouTube channel for awhile and I swear it's something " f**cked " up everyday.
    1
  63034. @12:15 doesn't that increase go to the owner of the EV itself?
    1
  63035. Who has that much money 😂 for those rentals if i was that person I’d just buy one for that
    1
  63036. I always look forward to these videos!
    1
  63037. Respect your hustle making 6 videos a week takes dedication ❤
    1
  63038. thank you friend
    1
  63039. Where do I buy gold and silver?
    1
  63040. I like your content. I also like your shades. Can you tell me the make and model?
    1
  63041. It's always about cost Michael you know that 😉
    1
  63042.  @MichaelBordenaro  Yes BP was a great place to grow up, we lived on the Bay and because of that I have to always live on the water. I know you have to be really enjoying your incredible view of the ocean!! Keep up the great videos about Fl. I love them!!
    1
  63043. I don't wanna loose ya now... I'm looking right at the other half of me...
    1
  63044.  @MichaelBordenaro  I thought i was only behind on your latest videos, maybe I missed that one too.
    1
  63045. 2nd 😂😂😂😂😂
    1
  63046. Those home buyers got horrible legal advice. In my case, they disclosed the house was built in 1997, when in fact the structure was built in the late 70s and it was remodeled in 97. My agent said that the sellers and their agent are potentially in very deep trouble. I "settled" by having them pay all closing and paying for my move (truck, packing, hotel stay ect) and a 5k buyers allowance to overlook this. I could have taken them to court and sued for massive amounts of money and cost the realtor his license.
    1
  63047. Could you tell us where the additional rental inventory is coming from. Thanks
    1
  63048. What area are you walking by? It looks like where my sister lives at...
    1
  63049. Words of wisdom from Michael. Price your home correctly and it will sell quick. I sold my rental, 2bd, 1 bath single family block home in Florida for asking price of $199 k at end of 2021. Right before peak hit . Paid 75k for it during 2008 . It wasn't in a good neighborhood either. Mix of older mobile homes and block homes . After I dropped price, it sold in 1 week
    1
  63050. Thank you Michael I like your videos
    1
  63051. Important to remember that a sanctuary city means the lack of cooperation with federal immigration enforcement. It doesn't mean free housing. If you look at the stats, California has the largest amount of immigrants out of any state (legal and illegal), and the largest economy in the US. The main problem is that desirable real estate doesn't mix with plenty of industries that are pivotal to a functioning region, and no one wants to waste expensive land to create "affordable" or free housing. Sooner or later, a lot of states in the US will have to decouple the idea of housing as investment in certain areas, and go massively into cheap prefabs and modular housing created at scale.
    1
  63052. Well done!!
    1
  63053. I certainly wouldn't be saving any money in dollars because dollars will soon be worthless! Things are a lot worse financially than people realize. Convert all the fake money (dollars) you can to precious metals or something with some intrinsic value.
    1
  63054. get a garden and chickens - barter to get by, I just bartered for a dental procedure!
    1
  63055. They want to drive all small business out of business just like with the covid bulshit
    1
  63056. I love the style of that home in your thumbnail pic. Such a typical south florida design.
    1
  63057. Two of the biggest personalities in Florida! Buckle up!
    1
  63058. Yeah...someone I know took a home equity loan out last May. Now that someone is complaining about the interest rates. Working an extra partime job to pay. What a life!
    1
  63059. Yay🎉 Thank you for sharing Michael, simply...Awesome! As Billy Ocean would say! I always look forward to your video's, total execution delivering so much we need to know in our daily lives, though unfortunately times have changed for the worse with the Media. Hopefully the people will elect D.J. TRUMP back in office,. I cannot imagine anyone opting for that position, especially after this Administration (if-it-can-be-called-one) tearing our Country a huge orfice...I have never, ever seen the likes of what we are experiencing across the board. Please pray folk's, because there are many people in all lot of hurt, many many suffering @ the hands of these tyrants. 2024 TRUMP/VANCE 2028
    1
  63060. I live in Illinois and you are correct. The socialist gov Prickster is the worst gov I have seen in over 40 years. And that's saying something, because IL is known for having some of the most incompetent Governors of any state. I'm retired and will do fine, but it's sad to see IL drive companies out of the state reducing tax revenue.
    1
  63061. !..Enjoyed..!
    1
  63062. You absolutely right those two the federal and the government are nothing but Crooks👿💰💰💰💰💰💰💰💰💰 they want a depreciate the dollar because they think they can hide their wealth😂 but the wealth is set up for the righteous😅💰💰💰💰💰💰
    1
  63063. It'll be nice if you could provide a snapshot of the data as you mention it.
    1
  63064. I hope you and Lisi have a lovely adventure together today and through the weekend. Thank you for all the research you do and for sharing it with us. 😊 I appreciate you two.
    1
  63065. Hi Michael, The government is "soft on crime" - and they work with these criminal companies that take advantage of its citizens. It's just a slap on the wrist for them. The hedge funds, BlackRock, BlackStone, Wall Street should never have been allowed to scoop up the foreclosures in 2008-2012 when prices were very low. They bought many homes in my area - Ventura County, southern Calif. These homes were fixed up and rented out --- for high rents. Families didn't have a chance to purchase them. With the next wave of foreclosures - around America - these groups will, again, scoop up family homes and apartment building - in desirable areas - and rent them out - at high rents.This is causing the downfall of the American Way of Life. Thanks for so much great information - people need to wake up and learn from your advice.
    1
  63066. what part of bay area is that, nice
    1
  63067. You are right; don't believe the "big" banks as they are tied in with the political establishment that will lie and cheat to keep a certain guy from draining the swamp and putting a bunch of the grifters in jail. The "economy is good" is just another election year psyop....
    1
  63068. Yep! Thank You FEDS...
    1
  63069. Great job
    1
  63070. That doesn’t look like a Florida beach. Wonder where he’s at.
    1
  63071. We don't drink a ton of alcohol, just 9/10's of a ton.
    1
  63072. Much of this should have happened a few years ago. Trump administration kept things artificially propped up, mostly to get reelected. Trillions of dollars flowed into the system through the pandemic and oh boy that created a massive imbalance. Biden inherited this disaster that was always going to happen no matter who was in power. The overall "mega cycle" is pretty normal, it will just be a lot harder on many folks, especially with these gas prices. Greenspan messed up and allowed bubbles to keep happening (2000's), now Powell waited too long. It will be a rough run.
    1
  63073. A year ago I thought I could get through a couple more bad years. Two yearS quickly became one year & it quickly becoming negative exponential growth. INVESTMENT?OMG
    1
  63074. In such a ritzy neighborhood why do so many people park on the grass? Don’t they have garages and driveways?
    1
  63075. Wingstop!? Last time I went there it tasted like garbage.
    1
  63076. National Association of Rackateers.
    1
  63077. Only 35% of the list, LOL.
    1
  63078. i paid 0 down traded 2020 for 2023 elantra limited last year. i pay $428 a month granted an 84 month loan but car payment is doable but car insurance is killing me
    1
  63079. We haven’t seen anything yet. Just wait till after the elections and the national debt interest comes due
    1
  63080. Michael, you think the hurricane to FL may make the housing market even worse?
    1
  63081. No economy + de-dollarization + inflation + high interest rates + high housing inventory + wars + mid term election = very bad everything
    1
  63082. Worked at a Quickie Mart "We always promote within." Maury Poach "That's a Lie."
    1
  63083. Wow! Dynamic Duo!!!
    1
  63084. Can you do a video on Margate, Coral Springs, Coconut creek area in Broward? Me and my husbands will be moving out there end of 2023 early 2024. I’m hoping things are better by then
    1
  63085. Did you just say "low ball"???? Oohhh, I love to low ball when buying houses.... at a time like what we are living in right now, I always make my offer for a house 30% below the asking price.......
    1
  63086. If the Fed can wrestle inflation and create a brutal recession we might see history repeat. If they capitulate and lower rates fast before a recession hits or inflation wanes, then the road gets very foggy.
    1
  63087. Ya i changed my bank account to another account number at my pension account to change my monthly deposit in my checking. The pension account did not send me my credit account for 3 months before I was able for me to get my pension amount, I was sent my first check but they did not send me the other two months.
    1
  63088. 28% property tax increase for 2022. San Antonio Texas
    1
  63089. Hey Michael what brokerage do you work for?
    1
  63090. "This guy is like a 150 years old"! 🤣 Come on Michael, that is Charlie Munger..... Are they actually Statler and Waldorf from the muppets?
    1
  63091. Wow. What a disaster! Maybe try renting a timeshare next time-rent for a week but do not buy. I'm sure you could make a whole video about that Micheal.
    1
  63092. Be thankful you live there embrace the suck !! Everyone has good and bad How warm is again ???
    1
  63093. Are you calling me out directly ? 😂😂😂😂😂 I pay 2200 a month for 2 of my cars😂 but I didn't go to college 😂
    1
  63094. Happy Birthday Michael.
    1
  63095. Sure appreciate you!
    1
  63096. Flyover insurance is cheap
    1
  63097. Michael, Great info and I love Florida. Hope to move as soon as economic picture on housing becomes more clear. I live in the Bay area - Tiburon in Main county. Some 35% or more of the $20mm+ mansions here are institutional owned and unoccupied.
    1
  63098. We looove Tiburon!😍
    1
  63099. In fact I still go to Dumpster guiding. I have chickens and I feed them dog food I pull out of the Petsmart dumpsters. Isn’t that funny I’m a multimillionaire and I go shopping at savers and dumpster diving on the weekends
    1
  63100. @13:28 A cooking ban in New York? Sounds more like Nazi Germany.
    1
  63101. I drive a 2020 Mazda 2 Hatchback here in The Philippines. I live in a big city with tons of traffic. My car insurance for a year is $430. Insurance for my 2022 motorcycle is $24 per year. It's been my plan to come back to Florida next year when I'm 62, buy a place, a car and then split time, 6 months in US eating healthy foods, breathing clean air and road tripping around the country, and the other 6 months each year traveling overseas. But with all the increases in the cost of living there, I tempted to cancel that plan. But my mom in Florida is getting old, and that's drawing me back there. I predict a major case of price and culture shock upon returning there after eight years overseas.
    1
  63102. Keep it going dont listen to the nay sayers...
    1
  63103. Your videos help keep me grounded, straight forward info. Thanks!
    1
  63104. There are many people who believe this economy is just fine. They believe that the United States, and it’s economy, is recession proof and dominates the entire world economy. They also believe that the US is winning the war in Ukraine. Over 200 million Americans lined up for Covid vaccines they knew NOTHING about. Due to lack of critical thinking this farce can continue for years. There is starting to be some push back from most of the rest of the world. Economic Kabuki theatre will continue as long as people believe the lies coming from the Federal Reserve and the US Treasury Department. Go with it…...
    1
  63105.  @MichaelBordenaro  It will be very interesting to see how things play out. I will be following your youtube channel for your informative videos, Thanks again
    1
  63106. Why do I never see any of this locally?
    1
  63107. Soon you'll see people to mountains to build small house and live in...I think not bad Idea
    1
  63108. True unemployment rate is 40% Job Quality Index has collapsed. $33 trillion national debt (all counterfeit money), $One trillion interest (real money taken from you). Worker surplus for 50 years on the way to universal unemployment by 2050 A.D.
    1
  63109. I think you're right, this is going to be a forever problem. There's a base price to everything. The profit comes from the add ons. Water, sewer, electrical hook up fees are the same whether it's a mansion or cabin. You make money by selling tile or hardwood flooring or the special sink. It's the reason there's a $30k price spread between a base Yukon to the Denali.
    1
  63110. Florida property taxes are WAY too high, how ever that number is calculated is a scam
    1
  63111. sorry but goods arent flat. just not true, I dont trust a lot of the data, just isn't true
    1
  63112. I appreciate you, you want to but don’t sensationalize info, keep it coming
    1
  63113. I wish the housing market would just crater and get it over with. I’m sick of being priced out.
    1
  63114. Love the Heavy!
    1
  63115. Guys, don’t play around with your home! Try your best to pay it off, and live below your means! That’s how the wealthy do it!
    1
  63116. Car market is the tank. DC communists are done with that crap. They are moving on. What will they fuck up next?
    1
  63117. Another beautiful day is Miami.
    1
  63118. Yes Michael the majority of buyers look at the payment and not the price, it is just like vehicles and not very smart IMPO. We bought a new mobile home in Texas 4 years ago (800 credit score) & put it in a park due to the astronomical property taxes here (near Houston). Rental shortages & regentrification of our apartment of 4 years pushed up our rent by over $400. Glad we did our buy before all THIS craziness! Love your videos!
    1
  63119. Hope you go to The Atlantic Grille in the Hammocks.....sit outside nice bar menu.....BIG TICKET in formal dinning area
    1
  63120. My home’s interest rate is approx 5%, it’s for a (refinanced) loan under $200k. Think I’ll be okay…
    1
  63121. Well, it could also be the case they are renting for 40k to themselves, like for their own business. It could be some tax evasion scheme, money laundering, or maybe a scheme where they can raise the price of the house by cooking their books with this overblown income, who knows. Because I don't think for a second this will be rented for this money.
    1
  63122. Party is over.
    1
  63123. PRICE IMPROVEMENTS! haha I’m hearing you say it in every video now. You’re welcome! It’s never too late to learn the latest RE Agent lingo haha.
    1
  63124. Philips curve experimetally validated!
    1
  63125. funny how the media and government just keep lying.
    1
  63126. That's me
    1
  63127. Basic view you don’t have 20% more to look at because interest rates eliminate options
    1
  63128. Great guitar player!
    1
  63129. I’m a condo owner in Miami as well, luxury building and security is a joke here too
    1
  63130. Thanks for continuing to do your walkabout approach to providing an interesting insight to our social and financial issues. Like the sharp dichotomy of bad stuff with beautiful homes and physical environment. Keep up the good work.
    1
  63131. I knew you were in my neighborhood!
    1
  63132. Living in paradise has its drawbacks. Your subscriber should sue the inspection company or seller if no inspection has actually occurred, as the problems were obvious in nature. I tell people to never hire a home inspector recommended by the real estate agent as the real estate agent needs the home to close just as bad as the seller.
    1
  63133. Open door stock might be a buy around 50 to 70 cents a share as they will be absorbed into another platform. They are under 2 dollars right now
    1
  63134. Also when real estate goes down it will eventually go back up. Just look at history. This crash is being manipulated into place and it is actually the crash that will not last.
    1
  63135. More evidence of the collapse of America and the West as a whole. This is no longer conspiracy theory. We are in it real time!!
    1
  63136. Have you seen the prefab $50K tiny house Elon is going to sell? Not bad, though handymen can probably build one for less. Cities are becoming more amenable to two houses on a traditional lot.
    1
  63137. Happy Birthday!!All the best
    1
  63138. I live on the West coast. They could convert the Naples Municipal airport into affordable housing. That idea will never fly.
    1
  63139. OMG Michael got his cow gear on just to heard sheeple and throw out red pills
    1
  63140. How do we know if delete me is not selling your information?????
    1
  63141. Most people who bought over a year ago, are still making a profit. If bought long ago, still making a huge profit even at lower prices and concessions. If expecting to flip, that’s different…but, that’s a risk of trying to make money quickly.
    1
  63142. In the age of information, maybe people choose to remain ignorant … financial information has never been so available
    1
  63143. Thanks!
    1
  63144. Elon lives in a $10,000 Tesla home.
    1
  63145. Please no collagen sponsorships! 😂
    1
  63146. Great analogy with the traffic light.. lots of good info in this video.
    1
  63147. Lol at his comment this house has like no yard its tiny. That's way more frontyard than mostly every new build has here in the Netherlands. You Americans are so spoiled for having endless space.
    1
  63148. Who is stealing these high property taxes your paying ???
    1
  63149. Mike, here in the Plain States, many people who own convertibles garage them over the Winter and only use them on weekends the rest of the time. They are insured for less than 10,000 miles per year at much lower cost. Used sparingly these vehicles lasta really long time so as older vehicles they pay even less in insurance. In my opinion, just keep the Camaro and use it in the Summer.
    1
  63150. Agreed and thanks for sharing.
    1
  63151. I have the exact same reaction when browsing through listings; some people are just clueless and totally lack self awareness
    1
  63152. Georgia is moving legislation to regulate HOAs.
    1
  63153. The person that asked if they should hang on to their cash needs to make a video on how they accumulated that cash. 😂
    1
  63154. Time to buy myself a nice car when all this people start to get repo and maybe a nice home with a pool for a cheap price. I’ve been telling people since last year that this was coming, to save up some money..
    1
  63155. Well saying! Totally agree! I hope buyers take your advise seriously. Are you helping buyer in Pensacola area?
    1
  63156. Mike - do you ever get chased out of the neighborhood by a dog ? I’m from Hialeah and dogs a loose in the street
    1
  63157. Thanks Mich!! Love the rain :D
    1
  63158. 4:47 This rental was off the market from October to May. Does that mean someone was renting for that outlandish price for less than a year?
    1
  63159. Hello, what about Aventura
    1
  63160. Love the walks of where I donr live, ha ha. Gator bait? Most folks.
    1
  63161. Sounds like GFC echoing.
    1
  63162. Money printer go brrrr
    1
  63163. Last chance, that is before it gets real!
    1
  63164. They gaslit us on silver isn't money since Kennedy. We are remembering mother's nature money
    1
  63165. Other youtubers are already warns about the housing market and I kinda get bored already. I would prefer to watch your life experience and knowledge in general.
    1
  63166. It is so ironic these days with the cheering state propaganda media extolling how good the economy is under Biden the zombie. So just look, if Trump wins, there will be an immediate switch to how bad the economy is and the propaganda will of course blame Trump.😂😂😂 you heard it first on Michael's channel.
    1
  63167. The government should stop trying to force EVs on us. Many car models have over 200 days inventory of overpriced cars sitting on lots.
    1
  63168. I only use Debit card never ever credit card.
    1
  63169. Thanks bro. I really hope we topped out. This is insane.
    1
  63170. The fed broke the housing market.
    1
  63171. good job
    1
  63172. I have my money in stocks, in pharmaceutical and medical. Last Friday I decided to look into my portfolio, and I realized that I’m down by 80%. One of the companies laid off 50% of the work force.
    1
  63173. Bad thing is the special assessment Usually in Miami are millions
    1
  63174. 7:04 I’m an Economist with International Honors. Any rate cuts would be a mistake with this excessively overvalued market.
    1
  63175. Michael I am not over the age of 29 years old !!! lol To many People are Materialistic, Like Keeping Up with the Joneses !!! Living Above Their Means !!!! It feels better to be Debt Free, especially now !!!!! That decision, I made back when I was 18 years old was the best thing, I ever done . Live below my means, Not ABOVE !!!! Debt Free !!! I would NEVER buy a home for $300K or more , that's nonsense ! What have more expense . Pass
    1
  63176. Michael, U Da Mannnnnn!!!
    1
  63177. Typical in Florida
    1
  63178. The real estate industry always distorted data. That is why the real estate does not go according to income.
    1
  63179. Enjoy the fall, GDP 120+% SS is insolvent etc etc. There's no coming back from this, the inevitable is upon us.
    1
  63180. Great video Michael!
    1
  63181. I'm against UBI or any tax payer funded handouts. You can't give to someone without taking from another. I have a heart and understand each person, situation is unique. However, nothing is free and you can't have a one size fits all. Eventually everyone will stop working because they too will be pissed off without receiving financial aid and paying for others. The day that happens we will fail as a nation. Illegals also do not deserve a single dime of tax payer funded programs, grants etc
    1
  63182. And it's just gonna be a dead cat bounce with the Spring home sales as its gonna go right back down again
    1
  63183. You wanted to sell your cool car? How dare you 😂
    1
  63184. This will keep prices high or drive them higher. This will increase the return so people will be willing to pay more for the investment properties
    1
  63185. I just started hitting 6 figures finally the past 3 years but honestly I lived better at 75k 5 years ago.
    1
  63186. That water in the parking lot is cant drain because the water is coming from the bottom up, just like the flooding in South Beach. SoFlo is on a limestone sponge, were screwed.
    1
  63187. Another great video!! So real and timely 🙏❤
    1
  63188. Oh boy Michael that all sounds like a nightmare 😣
    1
  63189. They will just print more money.
    1
  63190. You are wearing my sunglasses.
    1
  63191. You are very good at what you are doing. You are engaging with viewers because everyone can see time and effort you are putting in your videos. And you have a niche. Keep up with good work!
    1
  63192. Great points always good Thank you 😊
    1
  63193.  @ahmedareem9599  😂 dude these guys helped make me the youtuber I am today. I also wish I was collaborating with these studs.
    1
  63194. China owns its people and as such can't be trusted they won't try to obtain said USA properties from those owners.
    1
  63195. Mike: I have not heard you talk about owner financing. There are many owners, especially seniors, that would be willing to provide owner financing. You have to be creative based on what the owner wants to accomplish. Most buyers won't take the time to learn how to do OWC (owner will carry). The owner wins, the buyer wins, and the REagent wins. Zillow says 37%, and Attom Data 34% of homeowners have no mortgage. I bought my first income property with owner financing. Enjoy your content.
    1
  63196. Everything is going just as planed as far as they're concerned
    1
  63197. There’s no tax benefits for renting.
    1
  63198. But ,but ,but, That's why people want to be pennywise and Pound foolish they don't want to pay 6% comm. They want to save 1% or? By representing themselves. I'm a realtor and I really see no boundaries to peoples' ignorance. The rules of the game have changed. Let the games begin.
    1
  63199. Awesome guitar playing!!!
    1
  63200. Elon Musk likes Texas because it is a "right to fire you anytime we feel like it" state.
    1
  63201. GREAT video as always Michael! But what is the solution? How will this all end????
    1
  63202. The ppl that think these are bad news is the ones that are making money of families lol oooo also, a lot of ppl are DEPENDENT of the high rent raises because they are using that income to fund their NEW properties they bought 300-400k over asking… if rent goes down and they have to lower that means they have to pay that 5k mortgage out of their own pockets 😭
    1
  63203. Congratulations on your success! Best wishes for an even bigger, better channel in the years to come. 🥳🥳🎂🇺🇸🚀🍾
    1
  63204. Don't listen to the haters. No one is forcing anyone to watch! They can stick their heads in the sand. Tell the rest of us who actually don't want fake news.
    1
  63205. Michael looking good!
    1
  63206. There is a reason I am looking for a few acers of forest with a wood stove.
    1
  63207. What's going to happen? Empty out some large percentage of homes in Florida, move people into the Everglades for exciting Careers hunting Gators and Pythons? I don't know. The scale of the problem is so large we are going to need some big Debt Write Offs. If the Debt can't be paid it won't be paid. If you are struggling to pay a $250K mortgage, why not pull another $100K out? It's probably not a good idea to blow it on BS, but if the Ship is sinking, grab a Life Jacket while you can. The Scale of this is orders of magnitude larger than 2008, with some regional variation. Government is trying to help but it's like putting a Bandaid on a ripped Artery. We need some Debt Jubilee like Ancient Summeria. There will be a break point. When we can't know. Now's a good time to take up Gator Hunting.
    1
  63208. I’m from California, which zip code is NOT a flood zones area? ❤️
    1
  63209. When the federal government repealed Glass Steagal they turned a home into a corporate investment instead of an individual investment into a family's future. In 2008 they should have let the whole system burn to the ground. Instead they bailed out the banking system to the tune of TRILLIONS while saddling homeowners with debt. The home you used as an example would be worth about $300,00 here in St. Pete, which is still insanely high. The people in power know what is happening. If they don't they SHOULD. It's their jobs. When this happens again the banks will get bailed out and the homeowners will suffer again. Everyone's forgotten 2008. Could you, or have you, done a forensic study into what led up to the housing collapse? Which, by the way collapsed the WORLD economy. Again, great content. Keep educating all of us,.
    1
  63210. Make great sense
    1
  63211. Another nice video. I believe The true strength of the US is not its army or its economy, but when the USA come together. that is when the US is at its most powerful
    1
  63212. Auto theft detective - People are giving up their vehicles to theft to get out of payments. Its insanely risky especially when insur4ance companies catch wind.
    1
  63213. EV’s have horrible resale value because of battery replacement cost, higher insurance cost and soon because your aren’t paying tax when you buy fuel your will have to go to a state station (probably where gas cars are smog tested) where they will report your mileage to the state that will then road tax you each year (for road maintenance). Electric cars are heavier than gas cars requiring new tires much more often and cause more wear and tear on streets and highways. EV’s are the step between car ownership and riding a bike or the bus.
    1
  63214. I went to college & it became unbearably expensive. I’m an architect now but owe as much as a doctor Michael, I had no control over that
    1
  63215. You never want to end up "house poor." Furthermore, I always stick by my inner moral compass. 1. We NEVER get involved in bidding wars. 2. Don't let others suggest something that doesn't work for me. 3. Due diligence may require that I go above and beyond. If the Inspector (in your story) were tell me that a new roof would cost X,Y, Z ... realize that he isn't a roofer! One can always get an independent expert roofer to do their own inspection. Best to ALWAYS be safe and not sorry when buying a house.
    1
  63216. Still "STUCK" in California ,Huh?
    1
  63217. True indeed those who got pandemic money rightly and didn't spend it are now with this inflation. Definitely buying houses cash because its hard to get loans unless your credit is really good.
    1
  63218. Get a roommate and wait it out..
    1
  63219. Not everyone should own a home....
    1
  63220. The, "Experts " weren't wrong, they were just pulling the wool over our eyes so we'd spend more money.
    1
  63221. whoah dude! mention the stack stats! nice little setup you have. fender and a gibson?
    1
  63222. Mega Game is Tuesday and it is over $1 Billion dollars. If I win Mike, please find a house for me in Palm Springs. LOL !!!
    1
  63223. 👍💐
    1
  63224.  @MichaelBordenaro  higher pay= more inflation
    1
  63225. Michael, what is the Yield you pitch for ???, i saw today a 7% in one property, the first time i see that on Miami ( 7% Yield on investment with -$ 50 maintenance one month vacant accounted for) no bad start 15 will do it for me
    1
  63226. How do you apply for an exemption
    1
  63227. Those cracks on the dash board can be found in every single f body of that era no matter if it’s been wrecked or not 😂. I have a new dash pad for mine in a box I need to install.
    1
  63228.  @MichaelBordenaro  it could’ve happened during the wreck. It was probably so brittle it was just waiting for a reason to crack. Mine has a single crack and then within a few months it has spidered everywhere.
    1
  63229. High school education in money and banking, through in some basic plumbing and electricity.
    1
  63230. I hope you guys are enjoying the trip. I would say vacation but you work everyday ❤
    1
  63231. I guess can't apply for homestead
    1
  63232. Michael! Len in California! Just my opinion! This is exactly what the establish wanted ! It’s taken years , but their plan is starting to work ! This is exactly what the ones who really control everything really wanted ! When the pledge of allegiance is taken out of school /. And politicians getting away with whatever they want with few if anyone being prosecuted/. And U S. Allowing KILLING millions in babies every year ! We don’t deserve to be blessed by GOD anymore !
    1
  63233. This story is a few blocks from me. The Corp relented she is staying.
    1
  63234. You are spot on. Inflation is thru the roof. Gas is over $5.00 Most everything is overpriced. Yet we keep hearing inflation is going down? Going out to eat. Forget it. Just an iced tea is $4.29 now. Iced tea! They are lying about inflation. BTW. I couldn’t help but notice most all the people behind you have kids in toe. In LA it’s rare to see families with kids anymore. Its so backwards here.
    1
  63235. Wow, Wow, and Wow!😊
    1
  63236. I have a solution. Ready? DON'T LIVE IN FLORIDA FLOOD AREA! You're welcome.
    1
  63237. While hear in California you will need to visit Bakersfield and take Highway 178 up the Kern River canyon. Check out Lake Isabella and surrounding area’s. I can see you and yours migrating to the area.
    1
  63238.  @MichaelBordenaro  or Drunken sailors
    1
  63239. Michael, I grew up in Africa, in the heat without A/C. Then I moved to Arizona where I always think that I’m going to pop like popcorn. Yeah, I don’t blame you for wearing that. Thanks for the video.
    1
  63240. Inflation dame near over 16% on the low LoL
    1
  63241. Obviously the insurance demon is wreaking havoc with homeowners in Florida -- even so -- it is a great place and it's easy to understand why someone with a marginal financial capacity may be tempted to accept the risk and buy there. In the past you have spoken on the many reasons for a "forced sale" so what percentage of sellers do you reckon are in a forced sale that's solely related to insurance cost increases and the somewhat "iffy" performance of those companies when having to address a claim.
    1
  63242. Good to hear you're not in that building. At the Oxford Centre for Maritime Archaeology we've researched liquefaction pretty extensively, especially in Abuquir Bay near Alexandria, Egypt. Basically, with a lot of buildup and even with heavy piping and electricity placed underground, the salt water starts to creep in and, in effect, liquify the subsoil. Google Heracleion, and basically see why Florida is a new version of Atlantis.
    1
  63243. Yes because the Midwest is still going strong
    1
  63244. THANKS!! your content is GREAT!
    1
  63245.  @MichaelBordenaro  No Cut, No Shave ... Does have a ring to it.
    1
  63246. I’m tapped out. Not buying anything other than core needs. Need to concentrate paying down already existing credit card debt. No room for new loans. Plus don’t need anything.
    1
  63247. Wise advice, great example. Thanks.
    1
  63248. Great video with lots of info
    1
  63249. Its almost as if the "Government" is intentionally raising property values so they can get owners to sell at a higher rate and asap they/Gov can collect more tax dollar on real property , lets face it thats the G's cash crop (real property tax) yes corps pay a lot more but there are literally 5000 times more real properties sitting on this USA land than there are Corps , and the citizen tax dont amount to but pennies in comparison .
    1
  63250. Again, prices will not fall. If they do it will be a blip, a mini-dip, and then it will go up to new highs. Unless the cities are collapsing, unless there is a population drop, a severe financial crash that we haven't see yet, real estate will keep rising, and you can even say that in a way they are falling down right now trough price stagnation. If everything else is getting more expensive like groceries, gas, and so on, but real estate is stagnating, then we can say technically it is falling behind. But the actual price drop by 10-20% ain't happening.
    1
  63251. Love the Palm Coast!! It’s so chill…🌊
    1
  63252. Congratulations Michael on your 5 years ... we appreciate your effort ... very informative ... I watch daily ... sad the cost of housing is so high, really sad the condo people are getting hit so hard ... our economy is run by idiots
    1
  63253. Desantis wants to look good while he’s campaigning. He wants to get the democrats’ votes
    1
  63254. What about the biggest Apple Store in the world coming to Downtown Miami? Won’t that just create more need for housing and create more rent hikes, etc.? I’m just not sure anymore. Great channel by the way. Love your videos. Thanks for sharing your knowledge with us. Cheers.
    1
  63255. It's bad with worker's comp too. Even if you do everything right. The paid off judge gives you zero and blocks your unemployment.
    1
  63256. I want to pounce on raw land, in eastern Idaho, between Twin Falls and Jackson Hole, Wyoming. Waiting, watching........... (next 6-18 months)......
    1
  63257. Rates have been way too low for way too long.
    1
  63258. Sales are dow because of inflation. It's why inflation must be tackled. By the way, there isn't anything wrong with a little deflation as long as it doesn't get out of hand.
    1
  63259. A $1M House in Hawaii $3100 property Taxes or Lower.Ur looking the wrong way..ALOHA 🤑😍😍🤑🤑🤑🤑🤑🤑
    1
  63260. The FED meeting is not until July 27th.
    1
  63261. Thanks Mich
    1
  63262. Where is the condo owner bailout. Home owner got a bailout. Banks got a bailout Auto companies got a bailout 😢
    1
  63263. Thanks so much for a helpful video👍🙏💞
    1
  63264. My mom bought one side of a duplex back in 86. Brand new $75,000. 3 bed 2 bath at 7.75%. In 08 before the crash price climbed to $250,000. After the crash cash buyers came in and bought at low $70,000s. She stayed another ten years and sold in 2019 for $250,000 once the market came fully back. Took that money and bought in my state for $162,000 regular home. Now in 2022 her house jumped from that to $275,000 in 3 years
    1
  63265.  @MichaelBordenaro  I would love to see the areas where you think is a perfect balance. I am researching areas to hopefully make a move (once this housing craze settles down) and would love your opinion/advice on some well balanced areas. Thanks !
    1
  63266. Taxes go down as property values drop, until they raise the tax rates.
    1
  63267. looks peaceful
    1
  63268. Car Dealers and Real Estate brokers under fire !! Make the right Loans !
    1
  63269. The best business in usa: buy dry box 53 f long 8 ft wide 400 Sq. ft. Two trailers make 800 Sq. fr equal 1 bd. Apartment. One can move around of usa. Rent lot only
    1
  63270. most ridiculous rental places like that 40,000 are trying to do 1 month at a time vacation rentals. Hope people bought these VRBO type rentals in money HOA neighborhoods because otherwise lots of neighborhoods starting to eliminate them.
    1
  63271. The BIG LIE: They don't tell you that when you retire your standard of living decreases by 30-50%!!!! This rule applies to ALL income levels. Do you think a high-roller is going to retire and live a lower-middle class life. LOL They want you to just retire, go to your living room, sit on the couch, and wait to die.
    1
  63272. Lol Buffett 150 years old 😅
    1
  63273. Thumbs up for the video, but date is hilarious from corporations that have a dog in the fight so they lie. 1. sales prices by 2023 will drop 5% ...lol...I think by August 2022 it will be MORE than 5% , back on market listings skyrocketing with new listings 2. The number of people earning less than $30,000 accounts for 46.5% of the USA population. ...so these people about half the population need to double their income to qulify for a morgage at todays housing prices. Stop for a second and think. 3. Supply...wo wo wow 2.2 to 2.6 month is shy from reality since sales dropping while inventory growing simultaneously. We are passing that number fast and it goes like this if x=closing while 1.5X is new listing and 0.5X is back on market now within 24 hrs period (Mr. Bordenaro's market). If it stays like this prices will continue to drop and listings will increase even more and by end of August we are at buyers market with 6-7 months inventory. I remember 14-15 years ago some realtors and "experts" who had dogs in the fight said " I dont think there will be 50% drop in price" . The market is different, but to drop crazy numbers you do not need foreclosures. You need excessive inventory, layoffs, and so on... when people need money they sell. 7.9 million households in florida and 1.68 million empty homes about while financing about 250,000 ARM that is a ticking time bomb.
    1
  63274. Thanks Michael 😊
    1
  63275. You said it man. Glad I bought my Fiat 500 years ago. Winning.
    1
  63276. Save money, brace yourself for impact. Bigger the cushion, less you'll feel.
    1
  63277. It's always the case when we talk about helping average Americans (student loan forgiveness) we need to know exactly what they're spending it on so it's not "wasted" Yet how much did we forgive in PPP loans? Oh right 782 billion vs around 300 billion for student loan forgiveness estimates, no questions asked... Welfare for the rich, and I haven't heard you or pretty much anyone really complain about that, especially after several hedge fund managers had MILLIONS forgiven in PPP loans during one of the greatest performing market runs in history... Oh and this is ontop of the fact that recent studies showed 54% of inflation is a result of corporate profits. I normally agree with you on a lot of things, but this one I'll have to disagree with...
    1
  63278. You know who’s going to get the big money in this lawsuit??? The lawyers 🤣🤣🤣💰
    1
  63279. why would you have a mortgage on a vacation or a second home that you would leave vacant, that is a good way to wind up in the poor house!
    1
  63280. Good choice, Michael. Marin County is beautiful. I’ve lived in both Southern California and Northern. I would advise you to move to Marin.m because of weather. I also hate hot weather and to me the Bay Area weather is perfect.
    1
  63281. Insurance is ridiculous. It is insane.
    1
  63282. As much as I would love to stick a FOR SALE sign on my property in Central Florida and flee from my current neighborhood, I think I will wait until you say it's safe to sell/buy Michael. Keep this great information coming, really appreciate it.
    1
  63283. Buyers agent are good for less experienced buyers. But I could see why the experienced buyers dont want to pay a buyers agent. Im thinking the sellers agent will still get 3% but brokers will offer levels of assist for buyers from 1-3% depending on amount of service. I would always use an agent to sell as I'm too busy and safety oriented to meet buyers. Interesting
    1
  63284. Thank you for the video… what about Sarasota? It’s been on my list .. still hot market ? Should I wait? Thanks !
    1
  63285. Children like to live in La La land and we have a abundance of children in the USA at present. Unfortunately many of those in charge in the govts are children so it's no wonder we're in upside down world. I have been trying to warn friends and others but I think it has fallen on def ears. I wish them well. ps I had student loans too and I paid them off, those of you who think others should pay your loans off are parasites.
    1
  63286. Felt bad for the girl who was murdered last month in Miami Beach
    1
  63287. hi Michael, you were going over various reasons why people don't buy homes and gave your arguments either for or against what they said. I'm wondering about your opinion of someone older buying a home. I just sold my small old home in another state to free me up to move out of that state. I am renting now and I don't like it very much for all the obvious reasons. After hearing your latest video, I am wondering if I am too old to buy another home. I am close to 70 years old. Please share. I bet there are others out there like me.
    1
  63288. My favorite is when commercial landlords increase the rent to a point where their properties remain vacant...for years. I'm assuming they are taking depreciation/loss on their taxes or some other gimmick, because on the surface, it looks pretty stupid.
    1
  63289. have to get permission from the sate tax board here to even start by July 1start on odd numbered years which this one wasnt.
    1
  63290. Mike's never leaving Cali! 😂
    1
  63291. Postage stamps just went to 68 cents back in the 1982 ish the stamps were 22 cents
    1
  63292. I love your positivity.
    1
  63293. Yes!
    1
  63294. Mike spread out your walks to other locales. Your ready to expand your horizons. Otherwise you will end up being just like the others. Thanks
    1
  63295.  @MichaelBordenaro  Congrats, at least YouTube is paying off. Sorry about the air bnb .
    1
  63296. 35% drop reasonable
    1
  63297. Hey Mike, is this video applying to first time buyers or any residential buyers?
    1
  63298. @Michael Boardenaro how do the increased rates affect the FHA loan rates?
    1
  63299. This is why there is no such thing as owning your home. Why should you have a to pay tax on something you supposedly own.
    1
  63300. My three favorite channels are Michael Bordenaro, The Young Turks and Secular Talk. They make my day.
    1
  63301. I can tell you from living in WA state that even the ghettos is expensive. There was a house with the entire back half of the home burnt down to the ground. It was almost $500k. I saw boarded up/condemned looking places for $400k-$500k. There is also a program to help people pay up to $3k/month of their rent. You will notice on rental properties it sometimes mentions they do not accept anyone using this program. As for owning a home, I like to do a lot of different things. Actually I've been looking for a min of 5 acres for the past 4 years. I really want about 20 or more. I do not like people generally. I don't want to know anyone else exists around me. That and I don't want to have to get permission to have pets or do improvements. I consider renting a good choice if moving to a new state and not knowing the areas. This way if it sucks, I just move and don't have to deal with the headache and hassle of leaving a purchased home.
    1
  63302. The Ai gf subscription goes to how poorly men are treated in this country everyday by everyone, like if the same guy existing in the Philippines will have a totally different and better experience with women than any day or week living in the USA. People come here to the US w the promise of making money but are miserable.
    1
  63303. Looking at the streets, the lawns and driveways, this neighborhood looks filthy, not 1.5M to me! I feel sorry for those who buy and live here. It's funny that you can put up any price tags. Freedom of price 😂
    1
  63304. A company like compass making moves and statements like that is a sure sign. Yet, you have people going around saying "what housing crash? There's not gonna be a housing crash! This is seasonal fluctuations." 🤣
    1
  63305. There are a lot of stink going on right now everywhere. It’s not safe to buy right now.
    1
  63306. I never knew the origin of American dream. A friend of mine claims for most of American history that Americans rented not owned homes going back to the Revolutionary war times.
    1
  63307. We had rain alll day here yesterday at the high mountain desert forest plateau hideout NM. Far from the beach! Yes, enjoy seeing the areas there especially oceanfront. Helped mom in law sell condo so she could get a nice assisted care place in Ajijic, Mexico. Condo fees were escalating. Assassin Mike lives in the same place and we would exchange hellos. I worked as extra on a couple of Better call Saul but their food was very sub par, oddly. Anyway...years ago we inspected the condo books and they were just right! Not kidding! Still they had to raise and raise the fees. Albuquerque. Good explanation of what's going to happen. Those deveopers are waiting.... I'd sell and move to the hills and just visit the ocean.....
    1
  63308. Debt of any kind is not good. Best to live beneath your means, save and let your money work for you. i.e. short term treasuries at ~5.35% and no state tax on the interest.
    1
  63309. There is a housing BOOM going on where I live in N. Illinois and homes are still appreciating 18% a year. It's insane, but since I own my home- I like it. Glad I didn't buy a second home in Florida. Galena IL is alright with me. The only downside to living in a private community. A real lack of diversity.
    1
  63310. Even FL Gov. Ron DeSantis commented in an interview that he and his wife sold their (modest, middle-class) house to move into the Governor's Mansion several years ago, but now find they're priced out of buying a house again! His assets only put him in the middle class, so as usual, he speaks the truth, lol! He has been hit by inflation like the rest of us.
    1
  63311. Salaries and other expenses go up in price, even if you are a government entity. In some states, like SC, if you have no school age children you pay no school taxes. Of course, the public schools have a poor reputation in a many areas of that state. Underfunded for years…
    1
  63312. I personally want the system to crumble. Get prices back to the 1990s. americans pay a premium price while other nations dont pay half as much for similar products and services.
    1
  63313. Love that these guys made a video together!
    1
  63314. We most likely will find out how all these housing deals financial issues will pan out in spring/summer of 2023. I think interest rates will remain around 6-7 percent for the first part of 2023 to decrease later in the year to 5.5 percent but will never go back to below 4.5 percent.
    1
  63315. Your having fun making the videos and so are we watching them with your news updates! Keep em up doing a great job my friend 👍 👏
    1
  63316. Isn't what you were referring to at the end called a CDD?
    1
  63317. Do YouTube think that Buy....Land is still a good...idea?
    1
  63318. 1st?
    1
  63319. cant figure out where you are? Naples or Miami?
    1
  63320. This bill is not helping. It only helps the Super Poor (who are already being helped with food stamps and section 8, etc). And it helps the Rich get Richer. Does absolutely nothing for the middle class (who actually need the help)!!!
    1
  63321. How much to rent the port-a-potty on the curb?...
    1
  63322. Hey Michael don't be bragging on Venice Florida tell everybody how great the east coast is
    1
  63323. I know property taxes have gone way up, too. And I can't blame insurers for being hesitant to insure in FL with oceand rising and the hurricanes.
    1
  63324. Very brilliantly done video. A lot of other people are reporting a one way recession, this was a thorough explanation of the depth of the upcoming problems now hidden.
    1
  63325. I own a home in a flood plain, so that is additional expense
    1
  63326. From what you said, you would do great by a moped or 2. I used to drive a moped in Hawaii, ...rent a car 4 X's p/yr. Find a good 2 Stroke mechanic and away you go...faster than traffic.
    1
  63327. First
    1
  63328. Bottom 80% of all jobs are low class or 44% lower class..report said middle class is no more and shrunk 33% over decades..so where is the CPI growth coming from..I remember in the 70s..middle class was huge and only like 16% of all jobs where lower income jobs..little woman jobs who just made some side cash or picked farmer shit..today everyone divorced or in mass debt..now the upper class..well they gonna lose their ass..some are gonna file bankrupt..take huge loses or have to get into the lower class jobs..and lehman evergreen clowns..you ain't seen nothing yet..and these stock buy backs and derivate gambling supported by Jack of donkey cong..welcome to usa Mexico Panama papers..now real growth in usa is babyboom medical bills..that grew 300%
    1
  63329. McDonald’s is a joke these days. A very expensive joke 😮
    1
  63330. Parking on the grass is bad for your under carriage 😮
    1
  63331. What about condos?
    1
  63332. Its too bad some hosts give the industry a bad name. I own a rental condo and i run it like a business but also spend time there 6 or 7 times a year. I have a personal cleaner and a personal handyman. I get skeeved out if I see anything not up to 5 star par. It has to be what i would find acceptable to stay in. So i go through my place and various times throughout the year and buy new towels, sheets. Shower curtain liners, cleaning supplies. Everything gets washed every time. I buy new mattresses every 5 years and i buy top quality like beautyrest. My kitchen is stocked like my own home and i go through the cabinets a few times a year and throw out anything that looks worn or not new and i buy new. It has to be perfect and totally clean every time. But i put the $ into it to make it that way. I also manage it myself and i don't do nightly rentals.. minimum is a full week. I would be upset as well if I were you. But just know there are a few owners who really do maintain their rentals as they should be for guests. Guests are customers in my book and they are number one. Without them i have no business. My aim is for a top notch customer experience every time. As a host, you have to be hands on all the time. If you can't take responsibility then hosts shouldn't be in the rental business.
    1
  63333. Is St Augustine a good place to buy? My definition of good place..is there a gym, trader joes and a costco,??!😂
    1
  63334. Damn so if you own the home you still have to pay 52k in taxes?
    1
  63335. It’s all part of the plan. The United States government is in on it purposely collapse. The economy since its global dominance. Is it gonna collapse and they’re gonna issue in something new.
    1
  63336. Happy Thankgiving to you and yours MB.
    1
  63337. Lots of layoffs happening. That could be the next wheel that falls off this Biden bus. I was at Outback this weekend and was plenty busy. Had the steak and lobster tail. Very good and service was great.
    1
  63338. 👍
    1
  63339. love opinions
    1
  63340. No one can afford anything. We are not supposed to be a debter nation.
    1
  63341. Means , more foreclosure
    1
  63342. Michael, get the fuck out of Miami/Dade and come experience a more normal Florida. Our home is a little above the median you stated in this video, yet our taxes are barely $1,200 a year (though that did involve more than a bit of luck, and buying a foreclosure making it an Unqualified sale, meaning no reset from the lowest the taxes had been for quite some time when we bought), our insurance only went up by $6/mo., though our ins co did extort us into buying a new roof. Events of the last few years have been very good for homeowners, not so great for first-time buyers, but even back in my day buying a first home wasn't exactly easy, but the younger generations these days think that McD's should pay enough for a single income earner to not only make enough to buy a nice, nice home, but also support a family of four, which is abjectly stupid. You're right about some things, most notably the hyper ridiculous prices in your area that DO look more like NYC than the rest of the state, even the Tampa Bay area that is in many ways NYC south now isn't near that bad, with the less gaudy of the homes you show on your vids being well under a mill. I'll sell you my place for half that, and make out like I robbed you if you'd like. But you'll be paying a lot more in taxes than we are, even though I am a proponent of the complete elimination of property taxes, at least on primary residences.
    1
  63343. Wow now you look like you are from Michigan
    1
  63344. Home builders in Australia are going broke due to signing fixed price contracts and rising input prices. Also, house prices are starting to roll over particularly in Sydney and Melbourne.
    1
  63345. The new 2025 Toyota Camry LE starts at $28,599.
    1
  63346. Tent cities will be making a comeback....now that is an embarrassment.😓
    1
  63347. Waiting in Miami , to purchase. Listening and learning from you! Thank you for this valuable information!
    1
  63348. Another birthday already. Carry on!
    1
  63349. It seems like a lot of people with jobs that are connected to the tax base, public employees, med techs, etc. Laid low during covid. Cashed in and banked. Now they're buying cars and homes. With secure paychecks. They smile, eat out, plan vacations. Life is good. They may think they are smarter than the government that can "giveth and taketh away. You have your plan. They have theirs. Like P. T. Barnum said "a niece person is born every minute". And those who aren't can be conned into anything.
    1
  63350. Micheal not all. Many of them had money to pay rent bit didn't to get free rent for 3 years. I have neighbors who have been traveling to Italy and enjoying meals at fancy restaurants and all and have not paid rent. I would think half of them have savings from not paying rent bit no matter what all the money they have been spending in the economy will slow down with all these people now having to pay rent. So I see a big hot on economy soon
    1
  63351. All the listings in Phoenix for condos between $350K-$425K are either very small or just not desirable at all. Mostly remodels/flips
    1
  63352. Michael, I hate to be a dissenter but I hate public radio with its constant bull commercials. I like my 50’s , 60’ and 70’s music. My last 3 cars have had built-in XM radios. That’s my financial concession. And Howard Stern can kiss my butt. As always, good content.
    1
  63353. Nice Metallica cover
    1
  63354. They're all losing money yet, they have money for a bunch of SuperBowl ads. Paying Jake from State Farm, Flow from Progressive, The Emu and multiple celebrities. Smh.
    1
  63355. They need 10$ stores now😂😂😂😂😂😂
    1
  63356. Contractors used a little bribery?
    1
  63357. I work at a cardiologist clinic. I have a large window with the view to the main large parking lot! Every morning I see the wrecker guys picking up new vehicles like if is the end of the world!! Something ain’t right!????
    1
  63358. Man, you sure make Miami look good with your walks. Beautiful backdrop
    1
  63359. Go to Malibu next.
    1
  63360. Walk down the road in Fort Lauderdale on the eastern side of middle river. I have my home there.
    1
  63361. Michael, Cidadel a financial company was making noise recently that Miami was going into a boom period. Just saying... the fact that crime and expenses are so high in Chicago and NY, Florida is still attractive even though the area might be under water this century, ie the Bangladesh of America . Int rates will go much higher watch the fed
    1
  63362. Houses over one million dollars, which is most of them in Los Angeles, even in the ghettos, are up a huge 10% compared to this month last year.
    1
  63363. 2x respected youtubers 👊👍🥰. Personally, we listen and hear you. Plus research. Our research validates your input on here. 👊👊👊
    1
  63364. What year is the Camaro ? What model, Motor, trans. What do you have ? I was just down there a couple of months ago looking at a 06 Porsche 911s
    1
  63365. We spend trilluons a year in defense. Know what is cheaper? No enemies.
    1
  63366. Desperate times. Desperate measures.
    1
  63367. The ceiling on prices is hit when the credit dries up due to high rates. It effects everything. You cannot pull in that much demand without a gap to fill in the future...no free lunches and always tradeoffs....the Federal Reserve and Gov't should learn this but politicians only care about getting elected not the results. I always say that the highest paid folks are actors. They are everywhere disguised as politicians, executives, managers, and even the "real" actors in Hollywood.
    1
  63368.  @MichaelBordenaro  75, or 100 bps?
    1
  63369. If you have a mortgage and you can’t find an insurer, the bank will pick one for you but it may cost you a couple times more.
    1
  63370. Your plaque should be placed on the other side of the Joker pic. Congratulations! P.S. I just subscribed to your channel. Love your content. May your YouTube channel continue to grow.🎉😊
    1
  63371. It's in preparation for the US basically becoming a bifurcated society with the haves and have nots. This is how it is in places like India. Your more upper class who can afford to own a home basically gate themselves off from the poor people in the streets.
    1
  63372. Probably 4.99 is when their paying points to lower the rate
    1
  63373. Great video. You have complete clarity in what’s going on regarding the economics and housing. The problem with your views is that they are too rational. Liberals won’t get it.
    1
  63374. Are you sure about the elimination of buyer's agent Michael? There is nothing that prevents me as a buyer to hire an agent and pay him/her a commission based on purchase price based on this law suit as far as I can see. Which is what I have done in Europe when transacting.
    1
  63375. Sometimes soon I will wear a dress in my EV pick up truck
    1
  63376. 🎉
    1
  63377. Man you can jam!
    1
  63378. I been looking for a house to buy but the prices are well over inflated so I am going to wait and keep living in my older house that I payed off in 2019 and keep saving and see what happens maybe in 2025 things will be better
    1
  63379. Hi Michael Need you back here in fl to keep us on top of what the market is up to. By the way Lizzie is really cute😉
    1
  63380. 2030 is when CBDC comes in (apparently)
    1
  63381. Corporate America sucks ass! I would quit a job like that for 10 cents more an hour.thank you 😁😆😎
    1
  63382. Michael, you’re simply the best. Can’t tell you how much I enjoy your videos.
    1
  63383. 22:15 It's not a terrible thing to be a renter. I rented until I was age 40. Luckily at that time I found a secure stable job so I felt comfortable buying. If you buy at age 40, you probably won't be able to pay off the house by retirement age. But you might be able to build enough equity that you can sell the house, pay off the mortgage, and buy a small condo or mobile home for cash. That is, if the greedy HOA don't charge too much lot rent or HOA fees.
    1
  63384. Outstanding video.
    1
  63385. In all likelihood. There will be no soft landing. We will be stuck with high inflation for years due to one simple fact... our population is starting to shrink and they keep printing money. To get a recession they would need to wreck the economy to such an extent it will take years to recover. Millenials had a bunch of kids but it will take years before they start contributing to the economy.
    1
  63386. Dave Ramsey is out of his prime. HE'S DONE
    1
  63387. The way this is going to be fixed is by all debt will be cancelled and new money system backed by gold. Not the New World Order and their money system. Before this happens a stock market crash worse than 1929. The crash does not have to be in the US. Buy gold and silver.
    1
  63388. The FED doesn’t know what the he’ll they’re doing. Well said. Transitory. No recession. What a clown show. Also they said they’re selling MBS and they are still buying WHAT A JOKE! We are on our own.
    1
  63389. Please wear your sunglasses even when it’s overcast, the harmful rays can still damage your eyes. I learned this living in WA state for years.
    1
  63390. I keep saying it, those border walls aren’t for keeping people out, before long it will be keeping people in.
    1
  63391. Great commentary thanks❤
    1
  63392. You're almost there... the Fed hasn't been wrong: the rich are doing better than ever after crushing savers for the last 15 years. The bank bonuses and bailouts of 2008 took over a decade to be extracted from the economy by the Fed.
    1
  63393. Very worth watching, great info, 100% truth. Opportunity is coming if you're prepared.
    1
  63394. Why can't Martha's Vineyard the richest community in all the US, a sanctuary city, can't find housing for immigrants. That is complete BS! I hate 1% rich lying hypocrites. Do as I say and not as I do. It's all about votes... nothing else.
    1
  63395. Glad to see both of you on screen
    1
  63396. Some more big banks will fail this year. That will be the moment when the current insane incompetent occupant of the oval office will lose his job.
    1
  63397. We don’t need buyers’ agents. We need negotiators, paid by the buyer.
    1
  63398. The woman is Thi story is not living paycheck to paycheck. She’s living direct deposit to direct deposit
    1
  63399. Appreciate the honest insight…
    1
  63400. So, There IS a Debt Prison . Just like 17 century Europe. Incredible. 🙄😕
    1
  63401. This bill looks like any other bill: on paper is beautiful, in reality doesn't make a dent. When you say family of 4 less than 96k and show the apartments in downtown towers, the first that comes to mind: how anyone can pay 4k on a rent in those places? Definitely not a family of 4.
    1
  63402. A Dutch Treat Marriage......I approve!! Here in Phoenix Scottsdale all I have to choose from are Divorced Gold Diggers....all hunting her next resource provider! 😉
    1
  63403. 🎉Happy Anniversary Anthony,🎉 So much to be said for being @ this 5 years at a stealth level. Hoping for many more with you and your audience. Hoping you & Lizzy have a wonderful evening @ dinner❤
    1
  63404. What if SOMEHOW home values plummet in the next few years, are the insurance companies going to lower their premiums back down 40%? Doubt it! They like that profit margin!
    1
  63405. Are we just gonna ignore the 5 mosquitoes sucking this man dry?
    1
  63406.  @MichaelBordenaro  Makes more sense. Thanks for the correction, hope you’re alright!
    1
  63407. In 1988 I rented a 1bedroom, 1bath condo in a highrise by Washington Park in Denver CO for $400 per month. I got one month free because he could not get it rented!
    1
  63408. Thr crypto scandal is necessary for the plan that our Rulers have. They need EVERY american to know what crypto is & they want to bring regulations. Bam. How better to do it? Get it in the headlines. If the Govt didnt have future plans for Crypto they wouldnt be passing regulations for it. 🥰😘😍Miami, 🥰😍😘 BTC!
    1
  63409. We do Rent to own contracts here. It's simple, don't forfeit your agreement or you will loose the house, deposit, equity over time and be sued for damages. It is not at all geared for socialist minded people
    1
  63410. wouldn't the rental and property investments be higher in the coming colder months due to people escaping the cold.
    1
  63411. Check other houses first that the builder has finished and ask questions
    1
  63412. Here in Massachusetts most decent houses (quality and location) go for 800K to 1.5m. The taxes alone make this not do able. Houses that cost 400K are gross looking in the adds, somebody’s old dated house? Not valuable at all to me.
    1
  63413. remember transitory inflation? member housing crash 2008 member defaul credit swap hold on to your britches the shit is going to hit the fan
    1
  63414. Here in St Pete our condo insurance policy tripled.
    1
  63415. If the government does nothing, people complain and if the government does something, people complain. Let the foreclosure wave come because the cost to buy is way too overpriced.
    1
  63416. Powell is thru raising interest rates. I wished it would go to 10%, but rising rates are finished.
    1
  63417. great episode thank you wondering what you think of Social Security
    1
  63418. But are they kicking the can down the road, Michael?
    1
  63419. Don't get eaten by a python. 😳😂😂
    1
  63420. I'm in Ontario Canada and l will eventually join you in Florida...we are seeing massive drops in sales and homes are now sitting for months! Our rates are up to 5.9 - 6.2% ..you can't afford a 400,000 mtg at that rate.
    1
  63421. 21:36 they may have to slide a chunk of money to the condo owner holdouts to get 100%. It seems like they could buy out a few hold outs to get the condo.
    1
  63422. Thanks Michael for all great information. I am an active Real Estate Agent here in SW Fl. I M sharing yours and Reventure videos. You guys rock. Thanks again.
    1
  63423. Thanks!
    1
  63424. Good dude!:washhands::washhands::washhands::washhands:
    1
  63425. You answered a question I had in this video about holding or selling investment properties. Thinking of selling a couple of mine. Unfortunately the leases are up in August. Wish I could list them now.
    1
  63426. That is the best combination to Bankruptcy.
    1
  63427. I don’t know my average cost of a home is 1 million so at 6% and the realtor’s split that. That comes out to $30,000 out of the buyer’s pocket. Hell I’ll do my own checks or buy online. I believe with the current market you’ll be hard pressed to find any buyers willing to shell that out. If true it will hurt realtors bad a force ppl away from NAR and open the door for other services.
    1
  63428. 33 % of income for a mortgage payment.... NO MORE ... If you can't afford to buy a home ,,, RENT... live life, don't get stuck with a BALL AND CHAIN for 30 Years !!! Nothing wrong with renting 🍷
    1
  63429. Unfortunately 350 million Mer'cuns are developmentally arrested toddlers who aren't mentally mature enough to face the fact that recessions ARE the cure for inflation / stagflation. When you grow up getting participation trophy's, never getting you knees skinned, being told you a "special, perfect unique individual" you never lived in the world of reality to begin with. There are no adults in the country anymore.
    1
  63430. I was born in Florida, parents never had AC..just fans..wouldn't move there now too crowded.
    1
  63431. Dude. The capital gains on the 3.3 home is crazy, i get if they have a 1031 portfolio but theyre not even gonna break even once they drop it to 3 mill after closing, cap gains, and realtor fees.. i bet it goes for 2.4 too
    1
  63432. love your channel man! Do you have an idea when the crash will happen? I dont think current admin wants to rerun, but leave everything trashed before the next one.
    1
  63433. so informative...was looking in volusia county! ah!!...as retired missionaries who once lived on the streets of paris with back packs and sleeping bags...might just pay cash for land , put an rv on it and build little tiny houses as we go, with solar and a well...sheesh...they really mean it when they say we will own nothing an like it!! keep up the good work...I have never subscribed to a channel on youtube...but I am subscribing to yours today...( Pastor Dawn)
    1
  63434. I have great credit and I will probably never be able to buy because I am priced out of the market.
    1
  63435. Please walk around properties in the hood. Show viewers $800k shacks
    1
  63436. There was a middle class back then.
    1
  63437.  @MichaelBordenaro  Yes there's plenty wrong with your idea. 1. The only thing that your idea does is drain social security and allow people with means and knowledge invest, but everyone else will be exposed to risk, because the 401k system shows us how people end up without enough money. 2. In your system there is no Social security and if you make bad investment decisions, you won't even get that social security, we would be back to the 1920s before FDR's new deal. 3. The 401k system and other similar investment schemes allow for bad investments, and a possibility of losses even if you make good decisions. 4. Retirement funds should not be allowed to lose money they should be FDIC insured. 5. Since private corporations won't bring pension plans back, then the government should. Americans in general make bad financial decisions and should not be trusted with retirements.
    1
  63438. I am subscribed to both of these guys; happy they're bros. I left on a kayak fishing trip for a week when this video came out. They are informative and helped me buy a small house, which I move into in a couple of weeks. So much noise on You Tube, but these men are teachers.
    1
  63439. Wow Michael you’re bringing it❤
    1
  63440. Thanks!
    1
  63441. Oh, my. What a nightmare story about the couple who bought the "lemon" house. I have to wonder if a lot of brand new Realtors with no actual experience entered the market during Covid? Possibly that could account for situations as bad as the one in your story? I cannot imagine any Realtor that makes a long term living in the business ruining their reputation doing sleazy dealings like that.
    1
  63442. I paid my home 10 years ago🙏🙏and I am not even contemplating selling to buy another home but why do I watch this channel? Cause he is so cute😊
    1
  63443. Wow lucky you are not where the Stupid Hurricane got stuck, I guess if I had House on the Coast it would have to be Cat 5 built or better otherwise your shit ends up fish food.
    1
  63444. hI great video, am looking to move down from NJ, i prefer central FL , like your homes,
    1
  63445. Michael, are you doing any travels to Northern California (San Jose)? I got an excellent dinner spot (Grandview) for you and the wife if so.
    1
  63446. And will continue to increase, since the government continue to grow so the tdólar loses purchase power. The state needs to be cut 80%
    1
  63447. I don't buy home insurance because I have an old house which only has tear-down value. If it burns, it only effects me. But car insurance is different. I am responsible if I cause bodily image or vehicle damage to others. Liability insurance is required in my state, as it should be. Unfortunately, there are uninsured drivers, which drives up insurance costs for the rest of us.
    1
  63448. I have lived in 5 out of 7 continents. USA is up there.
    1
  63449. If paying cash is it unreasonable to ask seller to pay closing costs or am I crazy.
    1
  63450. Great video Michael ! 🥰
    1
  63451. Exactly who would be buying those MBS’s. China isn’t even going to help out with that. LOL
    1
  63452. I’ve got a good one for you?
    1
  63453. The only land lords in California tat will make money are he political insiders that buy when the regular owners are forced out😂😢 wake up maybe there going too be a lot of cash moving under the table becomes of all them crazy California taxes
    1
  63454. You are my favorite real estate channel. We make a decent salary but not that much...to think we sold our house for $574,900.
    1
  63455. Sounds kind of like "the meek shall inherit the earth" or however its said. From what I gather much of the debt is held by those of the "upper" class or rather those who appear to be upper class. It sounds like for the humble whether by circumstance or choice will be affected far less. Seeing a bit of this in the bay area at the moment with some people scared with regards to job security or rather insecurity. Michael, what do you think? How will the carpenter or teacher fare vs the programmer or financial analyst?
    1
  63456. love the footage of you walking around Marin! I paused a lot of external spending to invest in growth areas, grocery prices esp in CA are crazy! I also live in Florida which is much more reasonable. I recently spent $50 groceries in Marin and got half a bag, spent the same amount in Florida and got 4 full bags of groceries. DeSantis has made this state affordable ever though insurance is up other things are still reasonable (ie groceries, gas, home prices, private schools)
    1
  63457. The 2020 "pandemic" was the worst thing for the economy and the people as it gave many a false sense of security that the Government would bail them out, no matter what. That lead to people not paying their rent/mortgage thinking that some Government program would bail them out. Well, the bill has come due and that means job losses and homelessness for many of those folks. Free money is not free. Never is. For those who think UBI is going to come, I'm telling you that the Government would rather people starve and rely on food pantries and the church than give out MORE free money. UBI is a pipe dream, like free college and universal healthcare.
    1
  63458. Who would allow ten people to rent a home? They’d all have to sign the lease if they’re adults. What landlord would want to depend on all the adults being responsible for the rent?
    1
  63459. I definitely will anywhere you are honestly is fine for me I do enjoy the nature and the sunlight but the wisdom you are pouring out to us is amazing I prayed to find out wisdom on economy and real estate and to educate myself on My HOA , I found so many not giving the details I needed . So I stopped and prayed and I found u . My Board meeting of my HOA is tomorrow about the assessment fee; but when I saw the lady who manages HOA. In one conversation she said to me after I watched your video secretly from her …I’ve seen you have studied and done your research . So thanks again and my God yes my home owners insurance for inside. My home and even my car insurance doubled in miami Florida
    1
  63460. They should offer you a lower payback for incentive.
    1
  63461. Upon discovering what the US exported so much of any American should be genuinely concerned as well as angry. As I have said time and time again, politics and finances wont matter when everyone realizes the food & fuel is gone. Biblical times these worlds are in.
    1
  63462. Interestingly in the last three weeks every single empty lot around here is under construction. It looks like a suicide mission- probably everyone expects to be bailed out when things fail. Even the huge vacant land near West Kendall Baptist has a 6 foot fence with shade cloth. Unreal.
    1
  63463. They used to have a special Forida Panther license plate you could order in lieu of the regular one. The Miami NHL franchise does honor it with their name. I know lots of northern hockey fans think it is strange to name a Florida team after panthers.
    1
  63464. Excellent... love your humility and honesty...
    1
  63465. The mortgage company makes the money up front then they get the house on repo and do it over and over Bullshit
    1
  63466. Great video! Have a fantastic weekend.
    1
  63467. Also - great term - "shadow recession".
    1
  63468. andrew yang is not the answer and Republicans will definitely not be on board with that party. He's not a moderate. he is more of the same socialism/progressive agenda of the left. he is for universal basic income which could never work in America and is a socialist idea. A 3rd party option is a great idea but America is too polarized for a 3rd option unfortunately. It is now 1 team or the other. And that isn't changing anytime soon.
    1
  63469. 35 million 1113gals use a yuge amount of "affordable" housing stock
    1
  63470. Thank You Michael for showing us a different area, it's much appreciated. 😊❤️
    1
  63471. Proof you dont own your home...it owns you
    1
  63472. Michael come to my house and I'll show you the a quiet neighborhood !!
    1
  63473. Keep up the great work, everything that you always say is so true and no one wants to believe it. There's a lot of us that do appreciate the information and the time and effort that it takes to put out videos. Thank you.
    1
  63474. People don’t have money they’re mostly pay check to paycheck. That or going into debt. So I doubt it, I personally don’t have any debt and do have money. But whenever I talk to co workers or old friends, it’s pay check to paycheck
    1
  63475. Well ... 3 wives ... 3 divorces and all that goes with that horoscope .... gives you quite the life :)
    1
  63476. That house is 2.7 m in Miami Beach! 😂😂
    1
  63477. Here is the big difference with MB: he is a positive, kind person. The news isn't good but the messenger is. I used to subscribe to another show with the host walking around. He seemed a little snarky and spiteful.
    1
  63478. In 2011 when I moved to swfl, many Corp owned rentals still wanted too much for rent both residential and commercial. They stayed empty and didn't care to negotiate. I imagine they'll do the same. A new complex in the center of Bonita Springs has apartments and retail space. Built right before covid and has been empty except a few apartments. I inquired about retail space but the price was ridiculous. I don't understand . Are they just writing it off year after year?
    1
  63479. Recession USED to be two consecutive quarters of negative gdp growth. But ever since 2021, there is some other bs that has to happen too. Even the fed recently said govt payroll numbers are "a bit overstated" The numbers that these indicators are based on are bs.
    1
  63480. Same thing here in Michigan. $1300.00 for lot Rent per month !!!!
    1
  63481. TY for all your videos
    1
  63482. Wonder when they will declare evictions a national emergency?
    1
  63483. Location location location… I am not renting in freezing MN and not renting on OK where there is nothing to do
    1
  63484. Michael, I agree with you that illegals should not get any benefits at all, I also understand that illegals are good and also not spoken about when they are picking up tomatoes and potatoes of the ground. I don’t like your double standards. I like you a lot but you need to look at both sides of the coin.
    1
  63485. That empty lot will soon become a homeless encampment. bet
    1
  63486. no different under Obama. And the only ones saying inflation is coming down are the same ones claiming a year ago inflation was all a lie
    1
  63487. I don't know, people now have to have a lot of things (new vs used car, huge house, $1200 phones, etc) IMO if you go to a JC trade school and graduate debt free, skip the new cars and put that 15-20% into 401k you'll be fine. I just think people are spending on instant gratification rather than staying the course like previous generations did. (but ya, I'm skipping the houses in this market)
    1
  63488. Hello Michael! Thank you for the opportunity to join your channel. We joined today. My husband and I are "transplant retirees" from Western New York and we have a question for you. After watching your latest video here, we agree with most of your comments and most of your videos, and we are grateful we bought a new build spec house in a non-HOA community in N Central Florida. It is a Century Complete Home, and it does have a few issues; even though this house was completed last August 2023 we have decided to replace the sub-par roof that they built here and refuse to fix properly as they select their own interpretations of their 1 - year warranty, as do many other builders here, as you know. We will add extra sister support beams to the frame and add gutters that almost never come with new homes here. There is a fairly large Habitat for Humanity community quickly going up about 2.5 miles from our rural home with many small stick-built ranch homes with one car attached garages built very close together ... around 800 to 1000 homes. While we are not opposed to helping working populations that truly need affordable houses, our question to you is that since the government is requiring most new developments to create HOAs with the associated dues (which is what we thought we heard you say in this video), then why are the residents of this Habitat for Humanity Community NOT required to form any home owners association ... and yet ... while our residential neighborhood, and us, do not have the benefit of public sewers, requiring us to pay for septic services, they do not? From what we read, these residents also have home loan interest rates of 0% and would, most likely, not lose their home in Florida should they file for bankruptcy. So then, are we correct in assuming that they will have better roads, sewer systems, and more without any regulation from any HOAs that often serve to at least keep the neighborhood neat and clean, while we have a road full of ruts that only get patched and not repaired, etc? While we do appreciate the homestead property tax breaks here, especially since we are senior citizens living on fixed incomes, and we do, in fact, live in a non-HOA-dues-required deed-restricted community that does require all of us to maintain our properties according to county code laws, somehow, the definition of "disparity" seems to be rather subjective these days, as it appears that Habitat for Humanity residents are gifted some of the very best services offered by our shared county, while they pay lower taxes, have 0% home loan interest rates and other benefits. We look forward to your opinion about this, and thank you again for your videos, which helped us decide to live here, versus other parts of Florida.
    1
  63489. Delaware is tiny. How does it rank #2 in foreclosures?
    1
  63490. 10% 🤣🤣🤣🤣🤣 that would kill the economy !!
    1
  63491. Happy birthday y y y y y y y y y y y y y y y y y y y
    1
  63492. I am ok not going there. I like not having an upset stomach. My homemade burgers are cheaper and tastier! 😊
    1
  63493. Yeah, rag on the rich. It makes me feel better. Ha ha. Those are tough cities!
    1
  63494. Further, the Government has had to adjust down the actual numbers job creation numbers. Most people don't pay attention or care about it enough and only rely on mainstream media reporting. Getting ready for the final false flag and implosion of the world's Fiat economic system.
    1
  63495. Who do you contact when a senator like Wright ignores you? Waiting until its time to vote again is too long. He has to have a boss. His story is weird. Just looked him up. He ran under the deceased senators name....its just weird.
    1
  63496. Well there ya go.. It’s painfully obvious that absolutely nothing was learned from this same foolishness that was in 2008..
    1
  63497. A consistent or shrinking (or slow growth) population will make this ship sink. Hard to have bidding wars on anything when there’s not enough people to bid
    1
  63498. I had never heard of condo black list!!! I'm sharing this with one of my friends!!!
    1
  63499. Go into debt to get married. And then run the statistically high risks of divorce as per today's percentages of filings. Then go into debt forever...
    1
  63500. Dividend aristocrats pay on a regular basis, and don't fluctuate as much in price. Plus you don't have to deal with scummy renters or eviction moratoriums.
    1
  63501. ❤
    1
  63502. Best wishes for your safe healing with only positive results.
    1
  63503. Elon musk will never close on Twatter before the elections. He would have a $1 billion break-up clause unless Twatter lied to him. Lol, what’s the chance of that happening? Kabuki theater. I do really enjoy your channel, hope your foot is better.
    1
  63504. newbie question...what is FOMO???
    1
  63505. Fear Of Missing Out
    1
  63506. Videos about affordable areas are great. North Broward renter but rent is getting out of hand. Would like to own in the future but not likely in Broward or palm beach but would want to be reasonable driving distance.
    1
  63507. Impressive guidelines for the self employed.
    1
  63508. Foreign investors are not buying $300,000 homes, they are moving big money,
    1
  63509. Long depressed market to me. Is a long opportunity to buy even more cheap stocks in the market. Because the fed wants inflation. That means the fed WANTS prices to go up. They WILL make that happen just like they WILL make prices go down via interest rate hikes. 👌🏿
    1
  63510. It’s not what your asking it’s what someone is willing to pay. Sellers now missed the boat because in this environment, who is going to pay that. Even foreign investors are less likely to touch that with the dollar surging and a risk of a global currency collapse
    1
  63511.  @MichaelBordenaro  the patient and the wise who didn’t let greed blind them will soon be rewarded
    1
  63512. Can you please do the same video for homes near the beach, on the East Coast?
    1
  63513. Michael, I was looking for an older video from when you did your walking tour on North Bay Road and I came across this one that I had to watch because I had a feeling that this story was going to be similar to ours. Not only that but you are also on North Bay Road... YEA!!!! Too Funny!! Anyway We have now owned our condo in our high rise also on the water here in Bradenton for a yr this mos (Sept 2022) We moved here 13 yrs ago from Gainesville where we owned our dream home that we had just built 4 yrs prior to the crash of 2008. (We had our own business 2 /stores.showrooms in cabinetry.) and had to short sale our beautiful home when everything crashed. Fast Forward to now, we rented in our building which had just been built and we were the first to live in our almost 1800 sf unit. We had the first rights to buy, and RIGHT before the home market went crazy the owners decided to sell. We did pay more for it then what they were going for the previous year... but thankfully we did buy it.. because the unit right above us sold for 100K more then what we paid in just ONE month after we closed. Like you we also got a better deal because we were on great terms with our landlords AND they didn't have to pay a realtor. So we thank our lucky stars everyday that finally after what we went through in GVille back in 2010, we got a great break!!! :) :) :) Also Congrats on YOUR great deal, and now I need to find the video where you show the before and afters of all the work you did before you moved in!! :)
    1
  63514. I sure hope that wasn’t you in the Mercedes driving away by urself with a mask on ??…🤣…say it ain’t so Joe…😊
    1
  63515. You look great without the glass and dressed this way ❤
    1
  63516. The economy is doing great for CEO'S who take from a company but never contribute to it's expansion or growth to the company.
    1
  63517. Memory Remains was the first ever Metallica song I heard when I was a kid, it was the year Reload came out, I got the album for Christmas in 7th grade, and became a giant Metallica fan throughout my teen years. That's awesome, of all the songs they have, you played that one. 💯
    1
  63518. My favorite youtubers. Very impressed by all your posts. Very smart analysis. Your sincerity is appreciated. Thank you
    1
  63519. I'm a bit biased since I have student loans. 48k is what I got left of 90k plus all fed loans. One way I look at this is...this is election season and buden is gonna do whatever it takes to get his voters to vote for him again. Either pushing tje payment pause out further or the forgiveness. I aint 1 of his voters tho so I'm sure mine will resume
    1
  63520. Looks very close to my Aunts area around 8th and Michigan. Michael you should mention how that area gets during spring break. My lord. Gets pretty wild near south beach lol
    1
  63521. You’re welcome 😊
    1
  63522. The only thing keeping the car market alive, is people wanting the newest and best. There are so many cars out there. We could all have like 5 cars and still have cars in lots. Its artificially kept alive through rampant consumerism
    1
  63523. Again, inflation, reduction act what a crock of crap that is
    1
  63524. Hey
    1
  63525. Hey Michael where’s the location for this new homes.
    1
  63526. My car insurance up 40%. No fault no accident. My home insurance is up 28% no claims ever. I live in Cali.
    1
  63527. The Great Silent Lay Off. Corporate Recruiter for 25 plus years, it's happening now.
    1
  63528.  @MichaelBordenaro  sorry, tickets were for 2 adults 2 children at virgin Atlantic with Economy delight sits (not business or upper class)
    1
  63529. Many more homes coming on the market here in Volusia county.
    1
  63530. 100 percent keep going we need your point of view... go 110 percent at least like those in the 1 percent
    1
  63531. 8:10 So you have laws about what goes on in your bedroom? OMG. I should be able to put as many people in my bedroom as possible. Im sure thats in the constitution.... should be anyway.
    1
  63532. Crazy how many Tesla's are in that neighborhood..
    1
  63533. Wait a second... was it always wife or is that new???
    1
  63534. Geolocation: Holiday Inn Express Rock Falls, Illinois ;)
    1
  63535. HOAs in some of the condo communities in the south Denver area handed out notices to their residents that their fees were jumping from $350 a month to as much as $800. Happened to at least 3 condo/townhomes communities. Furthermore we had some HOAs a couple years ago foreclosing people’s homes. Got so bad the governor had to step in and launch an investigation
    1
  63536. Michael, thanks for bringing up the stress of selling/buying real estate for the average person. Getting your house ready for listing and then the showings whenever the agent calls. If you are living in the house you have to keep it ready and find some place to go when the buyers come. Never mind when you do sell you have to deal with packing moving and unpacking. When you’re buying you have to see a lot of garbage before you find something that you want to make an offer for. It’s a life changing event and the stress should not be overlooked. Not for the faint hearted. People should learn as much as they can about the process and do research. Watching your videos is very helpful and informative.
    1
  63537. Just like in the Titanic movie scene The people in lifeboats will feel bad watching the majority drowned
    1
  63538. Yesterday found out that stock market actually experiences big crash AFTER fed pivot. That was pretty surprising to me but stat and history clearly showed that's the case. Something intereating to take note.
    1
  63539. What do you think in general about crypto market?
    1
  63540. Work that are. Good job
    1
  63541. Holiday season bump. 1st of the year 2024 it will fall off a cliff.
    1
  63542. 100% inflation be like: you can buy $100 USD with your money. Next year you can buy $50 USD with the same.
    1
  63543. Excellent video!!
    1
  63544. Don’t change a thing. You offer a lot of good info. Your just calling it like you see it. I also agree totally, 2+2 does equal 4.
    1
  63545. I did that and also I’m a CGC and architect
    1
  63546. ✌️
    1
  63547. Looking forward to your road trip
    1
  63548. Great video shit helps me PIT ( pull it together) michaeal b thanks listen daily
    1
  63549. For real man. Things are great like Bite-me keeps saying. Lol
    1
  63550. Olà comentàrio para impulsionar o algorythim❤
    1
  63551. I have not heard anything about when Brics system takes effect to our home prices? And stock market too. Well all of America. Awesome Guitar playing Michael
    1
  63552. thanks for the critical information!! do you think rise of insurance price is correlated with inflation? or solely due to the lawsuits you mentioned?
    1
  63553. I purchase a ocean front condo and I was not informed that there was a upcoming major accessment for balcony salt errosion . Luckly i did not have intrusion into my unit. The accessment was 20K . I contacted an attorney , he said it was in the grey area,,,since the condo had not done an official vote for the project at the time of my closing, It worked out for the best i sold the unit 15 years later for a nice profit, but at the time i was devastated .
    1
  63554. The reason sales are decreasing for homes less than $500k isn't that folks aren't buying it's that there is little to buy in most metros for that price range. It's not that the rich or people with money are buying the expensive houses it's that if you want a house all that's for sale is more than $500k. I don't think the expensive homes are skewing the data. In Washoe County Nevada there is little under $500k a family could fit in.
    1
  63555. Thanks for the info always wondered how self employed got into a mortgage
    1
  63556. @michaelbordenaro Did you try putting your Camaro on a non-op? I did that on my car and canceled the insurance and didn't have any problems. You can always remove the non-op if you need to move the car. I don't live in Florida though, so maybe their laws are different.
    1
  63557. Dude I love your videos man! Keep putting this out!
    1
  63558. Michael, a correction is necessary so people can have a descent roof over their heads. Only the market will tell us how much equities will erode. Real Estate values usually are slow moving. It’s important to note, what happens in Florida may not happen in California. Real Estate is localized. Until Biden’s out, expect values to tank. Florida has excellent leadership, your Governor is on top of his game. Probable the best Governor in the U. S. The only problem, you might lose him to be either President or V.P. someday. I suspect he is headed for Washington.
    1
  63559. I wouldn't take an EV even if it was given to me for free! No thank you
    1
  63560. It already happened in my part of Texas.
    1
  63561. Yes, Micheal will do enjoy your commentary on other subjects other than real estate. Keep up the good work. 👍👍👌👌
    1
  63562. You're not using Gas in the jeep because you walk.😂
    1
  63563. 08:15 those people who don’t have to sell may be forced to foreclose when the layoff gets real bad. People always assume home owners will have steady income for ever. No, next “Big Short” is debt. That means companies, municipals, cities, and/or states go bankrupt. A lot of jobs at stake and given that sheepy Americans don’t save, wave of foreclosures are in sight. It’s coming.
    1
  63564. Michael. Even though your not "technically" qualified to make this prediction , you're likely 100 % correct !
    1
  63565. If Dems want to win they will have to lower rates. Even if it causes recession to fend off depression
    1
  63566. Please extend 🙏 unemployment benefits for another 58weeks 😢! Yours Truly, Dr.Doolittle.
    1
  63567. it was too late about 4-6 mts ago..... that's when the buying frenzy came to an end.
    1
  63568. May was the last true peak month 5% off peak ain’t bad though
    1
  63569. Michael... have a rewarding, safe trip back home.
    1
  63570. I remember when the IRS was politically weaponized against those rising up against Wallstreet. (Tea party). We all know tax codes offer big corporations and the wealthy enormous advantages so I'm pretty sure the new agents are not for them but will be for those who are outspoken and non compliant to the unconstitutional garbage unleashed. Nothing new under the sun.
    1
  63571. the housing situation is in a crisis, not only for the low income earners. I wish more apartment complexes would have a portion of their apartments with income based rental prices. Doubtful they will do it voluntarily.
    1
  63572. Hi Michael, is it the same there as it is here in Canada? When you buy a family home like the one you showed, the Municipal Tax assessment office will be looking to increase your taxes as per the purchase price, that's what they do here.
    1
  63573. The Biden Administration used the Department of Education to cover its student debt tax payer redistribution! Student loan forgiveness; BS.
    1
  63574. If this is the 3rd stage, we should probably just call it a fender bender instead of a crash.
    1
  63575. Shows just how much money was thrown into the economy.
    1
  63576. The only way is a black swan.
    1
  63577. The irony is that the government thinks it can build affordable housing. Government housing is the most expensive housing from a building cost standpoint
    1
  63578. Why should any physical good be measured by a dollar price given the fact that money is no longer earned into existence but just printed up, loaned out from nothing. It has no value so why give it value. It's a now outdated pricing mechanism. 'Money' is a psyop. People should not keep 'wanting' more of what is already flooding society, the artificial creation of too much 'money' that actually is no longer money in terms of storing consistent purchasing power over a long period of time. Money is best thought of as the liability that is the national debt more so than the 'asset' that gets you by another day...barely.
    1
  63579. I love that dock with the red boat on it; never seen that before; BTW just wondering, having been a past boat owner, can boat owners in Florida get insurance?
    1
  63580. Continue the crazy house segment!
    1
  63581. $999,000 and no garage! $1,350,000 and no garage! WTH!
    1
  63582. michael, what is the name of this beach you are doing your video at today?
    1
  63583. It’s 62 degrees here today … I’m freezing! 😳 Do you think I should move north to save a few thousand dollars a year ? No can do
    1
  63584. In Henderson NV New Apartment complex's are all over the place!...NO shortage here!
    1
  63585. Yes I'd consider buying now, because 2023 is unpredictable & Rates could very well Spike again ..I could probably settle with 5% & consider that fair but not 7. There has to be a point where there's not too much competition if the rates go below 5 again. Btw who else thinks Michael has a great voice :)
    1
  63586. now the chickens come home to roost finally for the USA ! the USA is crashing on all measures! now all americans will be humble beyond imagination ! welcome to the real worl !
    1
  63587. $6300 for a house that looks like the side ends are two 1963 trailers attached to a old shot gun home. IM DEAD!!!! 🤣 Not sure if all that sun is drying out people's brains cells. But Florida needs to get real. Most of these homes look like they couldn't even pass a HUD inspection. And they say ITS ON THE WATER as if that's a great thing. That's code for FLOODS INSTANTLY. The real estate market. Unreal in Florida amd Normandy Isle back in 2017 was low income and flooded with Homeless. I lived near and couldn't even go to the local North Shore Library because the overwhelming STANK of the unshowered homeless people hanging out to stay cool. I hope people come and observe the community and these raggedy homes before renting or purchasing. In Missouri that house would be SECTION 8 for around $650 a month.
    1
  63588. So the homes in my neighborhood doubled in 2 years but it’s going to take 3 to 5 years to come down 20% ? 🤔
    1
  63589. I want to move to Tampa bay. Is the market cooling off there?
    1
  63590. Look at mortgage rates get real
    1
  63591. More blown away by the fact we're the same age but you look a decade older than i do 😂 But in sll seriousness id rather be stuck here in IL than ever move to FL, TX or back to CA where im originally from. Yeah taxes here suck but much better than those places and home prices arent astronomical in my area compared to other places
    1
  63592. funny, you fell at exact time when you said " what's going to happen to the price of rent" It's going down. glad you're ok.
    1
  63593. Waiting for price to drop Where buying better than renting but if it doesn't sense I won't buy it I just paid down my mortgage be ready for debt free rather buying now
    1
  63594. It’s gonna take awhile for these greedy people to let down their pride and bring down the prices.
    1
  63595. Dude, it happened to me. You better get with the BMV on your Camero insurance. I had insurance on my 02 Camero from another state but Florida tags. Same letter I got and I ignored it cause car was insured. Florida suspended my license and I never knew. Was out of state, got pulled over and that's when I found out. Cost me tons of $ and took so much to get my license reinstated. MUST BE FLORIDA INSURANCE!!! Talk about a royal fucking!
    1
  63596. 90% of Chinese ppl cant afford property in the US. So only the rich are parking there money over here. They also cant buy property in there own country. They can only rent for 75 years. Sounds like a good bill.
    1
  63597. Hello again Michael, Randall here, I'm enjoying the videos still. I can't always comment with the things I have going on. I been with you almost from the beginning. I remember the Miami dating video you did. LOL My Mom almost went through this very thing with her house. I have a friend that inherited a house that did lose his house this way. Yes, it is common here in DC and also in MD, that you did not include, for people to get their house equity stolen from them. I think it is criminal. I believe some owners, especially the elderly, fall into this because they don't see their property taxes being paid because it is paid in their mortgage. When they get the property tax bill they must ignore it or something because they never had to pay it I suspect. Here in DC and MD they sell your lien to the highest bidder. It is a racket. What these companies do, they buy the lien, tack on all these legal fees and other fees hoping the owner can't pay. Then they get to foreclose on you and take every freaking dime you owed in taxes and your equity when they sell the property. This should be illegal anywhere in this country. I think these methods are also a tool used to gentrify and enrich these companies and change neighborhoods. It is not DC or MD doing this. These companies that buy these liens are allowed to do this. DC and MD get their money when the company buys the lien. In my mom's case, she just happens to read the papers and checks these notices regularly, she saw her house advertised as up for bid. It turns out my mom paid her property tax, but dumb old DC applied her payments to the wrong property somehow. It was easily resolved with her check records. Crisis averted. My friend was not so lucky. He just could not afford to pay and was ignorant. He could have sold the place himself, but he let it go too far and ended up losing an 800K+ house that he inherited free and clear!!! Can you imagine!!! 800K+ just gone from stupidity and a whack system designed to yank property and money from people. Luckily, he didn't lose the apartment buildings he also inherited and did well selling those. He moved to Europe and got employed fortunately.
    1
  63598. Michael what do you think these insurance companies pay annually in advertising?
    1
  63599. One solution in some areas could be to rezone and refurbish to split the larger homes into two or three smaller units? I think the market for studio and 1 bedroom apt./condos is very high in the coming decades.
    1
  63600. "Mcd's takes the cake" I think you mean they take the "hot apple pies"
    1
  63601. I love your true content and honesty I have been watch every video and your right. That other guy needs a wake up call on the student loan program it’s not free money. If you don’t know that he’s got issues. And your informative to.
    1
  63602. Which countries do you think will suffer the most. Any outlook on India and it's economy ?
    1
  63603. I used to do lease option assignments. Trying to get back into it. Still have trouble getting sellers to do lease options even as the market shifts.
    1
  63604. Don’t worry, everything’s fine…
    1
  63605. Thanks….
    1
  63606. The answer: FEW people can afford the new normal. It is out of control. Reality is setting in slowly but surely. There isn't enough money flowing around to perpetually increase prices. Attitudes have shifted drastically since the pandemic. Squeezing your fellow human is the new thing. The idea is that eventually the government will step in the void and pay the bills.
    1
  63607. Informative! Thanks, Michael!
    1
  63608. Hi Mike, Since I will be 81 next month, I have seen quite a few of these default threats. Usually, people will get their SS checks. What they will do is furlough Federal employees and when they go back to work they will receive pay for when they were off. They will close the National Parks and any other thing they can think of to piss people off. It usually happens when there is a Republican House and a Democrat President, and people end up blaming the Republicans since most of the press is on the left. I know you don't want to get political on your channel, but you and I know that we can't keep spending as we have been. We will be paying over one trillion in interest at the current debt level. It will not affect me since I am an old fart, but my grand and great-grandkids will sure feel it.
    1
  63609. 🤣
    1
  63610. How about instead of tapping into the equity of your house...aka taking a loan against it...pay it off and free up your income. That is true equity.
    1
  63611. Sold my home in late 2020 and informed my insurance agent multiple times to cancel before we closed- Guess what? He never cancelled it despite my emails and multiple messages. I got a bill a year later for renewal. I called and emailed the closing docs and they refunded my $1600. At closing I must have asked the question about the insurance being cancelled 3-4 times. Assured it was. The title company who handled the closing had a fit that I wanted a check and it took another 90 min to close to get a check. At that time some of the ach transfers were mysteriously getting "lost" in transaction so I wanted a hard check to take to the bank in the morning and get the cash. BTW - I was low on funds and took a chance and sold my home by myself (first time doing this) I was warned that Missouri realtors would not work well with me and let me tell you, that was true. I worked with a broker and it was 100% legal and I saved about $3-5k. It was extra work but the money came in handy in moving.
    1
  63612. My dad, a Canadian, semi retired there in the nineties with his new wife who was from Florida. They had a simple bungalow in Fort Lauderdale. Things were affordable for them. Life there seemed to be less demanding compared to up north. Has that way of life changed there?
    1
  63613. And yet they vote Democrats over and over
    1
  63614. You're in my town!
    1
  63615. In the State of New Jersey the homeowners are taxed when it rains. The state says it's for runoff into drains. What bull crap.
    1
  63616. We have one (1) mobile home park in Aventura off of Biscane Blvd near Aventura / Hallandale off of Biscane blvd across from gulfstream park and casino..... very unusual location. Its called the Royal Pal, 55+ community. I often wonder how they are holding on.
    1
  63617.  @MichaelBordenaro  Exactly, I think too many crashers don't factor that in 👍🏼
    1
  63618. Hearing about this rent going up makes me glad I bought in 2020. Had I listened to the person who told me to wait for a crash in 2019, I’d be in a worse situation and have regrets. Rents are high in my area. My mortgage went up $50 while rents went up $700. I’d be paying more than my mortgage in rent.
    1
  63619. A large tree removal runs about $3,000
    1
  63620. The VA is an enourmous fraud machine. Every DV licence plate around here has a cadillac or 85000 dollar truck attached to it. FRAUD.
    1
  63621. You can't just "take money out" of the equity in your home without incurring a note. There will then be a lien on the property if they give you cash, and you will have a mortgage loan. It's not free money.
    1
  63622. This was a great conversation. Thanks for sharing guys. Also the walking was very refreshing 🌿🌴
    1
  63623. they should buy a house in their budget instead of aiming at the smallest just to say we bought a house...
    1
  63624. Thanks, Michael Long time listener ......... I was rehabbing houses in LA and got out of my last one in January. Been buying gold the last year. I think it will be worth more in a year then money in the bank , what do you think?? FEAR motivated buyers not long ago so maybe it will also motivate sellers?
    1
  63625.  @MichaelBordenaro  They will know when they find out conventional mortgages can't be written. After that they need to inform future clients looking to buy.
    1
  63626. Eating healthy is way cheaper, I mean by a lot than fast--food and on top it's well, way healthier. The only caveat is it requires you to actually put more effort in food prep and making. Starbucks tbh was never cheap, always overpriced.
    1
  63627. Nice guitar 🎸 playing 🎉
    1
  63628. Hey, Mike Just love your channel and educated through experience content..totally enjoy how you walk and show us beautiful Miami areas! Hopefully can visit soon..so you did the sunset clip now you gotta finish what you started man..gotta do the sunrise over ocean clip! Git'er done!😎
    1
  63629. Thank you Michael 😊
    1
  63630. 3:00 The county should assess that house as the asking price that is listed on the MLS. It makes the assessor's job very easy. If the seller tries to contest, the county could pull up the MLS and argue that both parties agree that the house is worth the asking price.
    1
  63631. Very laid back and safe in this area. Lmao what happened in here 1:51 . The white suv driver side and trunk was open. And Mercedes front hood was open without anyone.. 😮
    1
  63632. With you 100%. Definate line needs to be drawn. Biden & his administration have no morals
    1
  63633. So sad they should be sued. Someone needs to advocate for the marginalized folks in our society. They do what they want to the poor, elderly or anyone actually and get away with it. Everything is about capitalism, greed, and more greed. At the expense of anyone they could care less.
    1
  63634. I doubt truck drivers want EVs
    1
  63635. Facts man.. Be careful, they will censor you.
    1
  63636. 19:23 Sorry, got to ask, is that some kind of sports car garage? Because you are not fitting anything under that door.
    1
  63637. There are more Airbnbs in the Florida panhandle right now than there are available rentals.
    1
  63638. Biden’s crew will pass another extension on when the student loan payments are to restart……. mark my words.
    1
  63639. There are pros and cons to both rent and buy, it's a matter of timing, Yes I know you can't time the market, but if this was 2019 numbers with record low interest, it would be ideal to buy, where as in 2023 with almost 7% interest, Renting seems more appealing since Renting you don't worry about interest rates, housing crash, property taxes, high insurance rates, commission, move elsewhere easy, etc. I lived in 4 states, California, Texas, Arkansas, and Now Florida, and Texas, Florida look like California prices almost with both buying and Renting.
    1
  63640. Thanks Mitch
    1
  63641. The U.S. doesn't have enough affordable housing period and giving tax breaks so homeowners can list their house for 2 million and up won't help people who aren't already wealthy or high income. Where's the plan for affordable housing in the U.S? Builders aren't ever going to build affordable homes they're going to ask $500K and up.
    1
  63642. Merry Christmas! 🎅 🎄 and a blessed investor new year!
    1
  63643. Enjoy the AC bill but keep walking .Feel sorry for the dogs a long Hot season.😁😁😁😁😁
    1
  63644. Yang is just creating a new political party to siphon off votes from the republican party so the democrats can maintain control. We've seen this movie before in the 80s with Ross perot, Bush number 1 and Clinton.
    1
  63645. This problem certainly doesn't exist in the Dakotas and Nebraska. It's not so crowded and noisy, either.
    1
  63646. Australian Housing is getting worse especially renting and Building companies are going bust not completing homes leaving people in Hell but You allready covered this but look's like the homeless situation here will be just like there soon.
    1
  63647. Holy smokes! That’s like or worse then living on Long Island New York taxes on a Condo or some houses. At least here they don’t reassess properties like that when they sell like in other states like Florida. Crazy!!! I just went through all the listings for $600,000 or less and prices here are starting to drop here like $10,000, $20,000, $50,000, $81,000 and more and homes staying on market now substantially longer.
    1
  63648. You're likely right about the job loss crowd though.
    1
  63649. I think of lot of these million plus properties are the wealthy folks taking their money and investing in real assets. The economy is very bad shape and if you have money then you move it to the safest place you can. The Fed and the banks are basically insolvent, the wealthy know this and when the rest of the country figures this out it will be a mad scramble to retain whatever you can. I hope people wake up before they lose almost everything.
    1
  63650. Great beach video.😎🏝️🏖️👍
    1
  63651. No disrespect to condos or owners of them. To me it seems these are for buyers that dont want to be personally responsible for their own walls outside. No thanks. I'd rather keep my house
    1
  63652. 16:36 that house has no windows on either side of the front door, weird
    1
  63653. Corporations are scum
    1
  63654. I really like your videos, but it will be nice if you could put a map of the area that you are walking not need for your actual walk but just the area in general. Thank`s.
    1
  63655.  @markmansel9899  yep👍
    1
  63656. IM NOT GETTING 6 FIGURES BUT IM PAYING $14K ON $200K SALE & NET $65K
    1
  63657. My area shows a 15% growth LOL
    1
  63658. You mean take debt to pay debt like the givernment ?
    1
  63659. Another killer episode!
    1
  63660. I'm on social security. I have a car payment. I can no longer afford a home. We're hanging by our fingernails and can't afford to move because everything is so expensive. I have a good tent! I guess that's next
    1
  63661. People believe prices have gone up. The truth is the dollar is worth less (worthless). That's how they can gaslight you with a straight face.
    1
  63662. Average full charge is 40 kWh's
    1
  63663. This guy is a ROCK STAR !
    1
  63664. Stop spending money just to impress others, start saving your money so you can retire comfortably.
    1
  63665. Appreciate your content brother thanks for the valuable insight
    1
  63666.  @MichaelBordenaro  I believe this trend will accelerate.
    1
  63667. Seems like everything's a con and or scam in America now. Really pathetic.
    1
  63668. In what part of Florida are property taxes reasonable? does it make a difference if you are close to the ocean?? And do you think this is going to make a difference with values of property being sold now - as in contributing to falling value...
    1
  63669. @Bryan T I should know this...moved from louisville ky..so taxed 3x..old city (urban services), city, county...
    1
  63670. Whoever gets out NOW ,,,,, will be very happy ..at any price.
    1
  63671. You are the hype man! 🎉👏🥳🍾🙌🎊
    1
  63672. Politicians pushing MMT and spending to the moon thinking there won't be any inflation. Both sides down for it.
    1
  63673. Do you know how many people are backing out of contracts in Miami and Broward? Thanks for your consistency of all your videos, keep up all the valuable real estate info!!!
    1
  63674.  @MichaelBordenaro  thank you appreciate it, that would be very valuable information! Stay safe!
    1
  63675. Another Great Video Michael. Glad to see you posted one today. I was starting to have withdrawal symptoms. Keep wearing the tanks, they look GREAT!!!
    1
  63676. 100% we are in a recession.
    1
  63677. First!
    1
  63678. I like how the dog walk out and was like who he talking too lol.
    1
  63679. OH, I FORGOT TO MENTION I ALSO HAVE A NICE CAR PAID OFF 😀
    1
  63680. No one knows what is going on. You have to question even the data that reports and trends are based on. Interpretational bias at its finest...
    1
  63681. My favorite duo, Batman and Robin
    1
  63682. Yeah all the retirees moving to Florida is putting a lot of stress and burden on the health care system....they don't pay taxes, if they do, it's very little...but are sucking a huge amount of resources out of the state.... not good....Florida ought to pass a law to BAN retirees from moving to Florida just like the way the USA ban old people from foreign countries from coming to the USA....
    1
  63683. 15:10 - Hey @LisiTheDogWalker - this lady could use your help ❤️😂 Lol
    1
  63684. Some idiot in San Jose set a home depot on fire so he could steal a cart of tools he started the fire but was stopped at the door It became a huge fire and burned up the whole store to the ground.. This idiot while the was burning went accross the street and shopliffted at macys.. I actually saw the fire.I got there before the police.
    1
  63685. Michael, which side of Florida's coast get's the most hurricanes east or west?
    1
  63686. There are definitly a ton of sellers who still think it's 2020/2021. For some I think it's just delusional thinking and not understanding markets and how the economy works. But i.have a suspicion that for most it's that they can't afford to go lower because they probably paid a lot for the house with all the inflation fomo after the pandemic. Now the economy is going through a downturn and they can't keep up with the house payments or whatever, and they have no choice but to sell, but don't want to lose money so they are selling high and just hoping and praying someone will be stupid enough to overpay. The amount of houses on the market, at least where I am, is getting surprisingly large.
    1
  63687. That's why the housing market going to tank people paid to much upkeep is going to overwhelm them your going to see alot of foreclosures in a few years.
    1
  63688. I agree. Pretty much everything government, media, schools, and science tell us are lies.
    1
  63689. Always the leaf blower lol.
    1
  63690. 👍😊
    1
  63691. Rocket Mortgage (formerly known as Quicken Loans), has clearly taken the biggest hit among the four real estate titans that dropped off the Fortune 500 list (a list of the 500 biggest publicly traded U.S. companies by revenue). Over the past year, Rocket Companies' revenue has fallen -54%, compared to -24% at Zillow, -6% at Compass, and -14% at Anywhere Real Estate. Rocket Mortgage, which has been hard hit by the decline in the purchase and refi markets, hasn't just given up its pandemic sales gains—it has even fallen below its pre-pandemic revenue figures (see chart above). Not to mention, it's losing money right now, including a $493 million loss in Q4 2022 followed by a $411 million loss in Q1 2023.
    1
  63692. So in one of the richest countries in the world, Greed is taking over. May God have mercy on us. U.S.A. Where are these people going to go ?
    1
  63693. Thank you so much for this video, Michael. I think I am still better off to wait it out a little longer the way things are going. I wish these big houses that no one can afford and stay abandoned were taken down and smaller more affordable houses were built.
    1
  63694. i bought a flat in the uk in the 1980s and in 1989 in think the year was my property and everyones came down 50 per cent overnight and my morthage rate went up 5 years later almost doubled over night
    1
  63695. Another good video thanks a lot
    1
  63696. Total ripp off to have to get home insurance in condo if is pay off , it's like a robbery but legal , the system is rigged
    1
  63697. I see little to know changes in the Lutz & Odessa , Fl housing market. Michael , would you consider speaking on my local area, please ? Local realtors are still saying the market is not slowing down
    1
  63698. Hey Michael it sounds good 🥰 I like what I’m hearing even though I own my own home in Connecticut. I have been keeping my eye out for Wildwood, NJ for their condos for the near future. Thank you for sharing great news ♥️
    1
  63699. I love watching your videos, I'm hooked. I was just thinking it would be funny for you to be walking/talking and as you pass a car, open the door, get in, have a buddy drive you 2 blocks and get out, continue walking without breaking thought about your point. LOL 😆
    1
  63700. Hey Micheal thx again for all you do
    1
  63701. Sounds like the author of the article has made the wise choice to watch your videos & take your message to heart! Nothing wrong with patience & clarity so you can jump when it is to your best advantage.
    1
  63702. Finally the government is looking into this before it gets too late.
    1
  63703. Great analysis.
    1
  63704. Neato! Boats and water. Ha ha if you borrowed money to pay for useless degree. There is great opportunity right now for problem solvers.
    1
  63705. The Youtube channel "Epic Economist" publishes vids daily mostly concerning retail sales. Everything is taking a dump, big time. imo what's coming is going to make the past crash look like a cake walk.
    1
  63706. 25-35 thousand per month lol😁
    1
  63707. Happy Sunday Michael, Thank You!
    1
  63708. Decided to do fire and liability only. My additional house, not a rental, is paid for. Decided it's time to self-insure the wind and hail. Just put on a new 30 year roof. Will spend savings on new storm proof windows.
    1
  63709. Thank you 👍
    1
  63710. He'll my rent is under a grand
    1
  63711. ❤ Happy Belated Birthday Mrs. B
    1
  63712. Buying with $15 million on a mansion with plenty of noise and light pollution? Hah!!! 🤑😝🤭 its ok, nah...it would ruin my sleep methinks. 😴😳
    1
  63713. If I am some foreign government official who stole money from my small third world country, yeah, why not? I would buy a burnt down million dollar home in Florida.
    1
  63714. Fed broke the housing market. We will be punished for it
    1
  63715. I live above my means. 😢 But it's going to be ok ❤
    1
  63716. HOAs are mini governments, meaningnyou can and do end up with mini dictatorships.
    1
  63717. We’ve been listening to you and find so much wisdom and common sense in what you say. We are in the Northwest (eastern WA) where home prices usually don’t fluctuate much but we’re hoping prices tank. We’d like to get our daughter in a larger home for her expanding family. But we aren’t going to be stupid and buy at this peak market.
    1
  63718. The one thing you can count on is that the deep state Fed is going to shape its policy in the months leading up to the midterms to delay the massive deleveraging that years of Fed mismanagement have necessitated. They're looking to delay the housing and market crashes that are coming so as not to further damage the Democrats in November. This will ensure that the recession we're already in will deepen and elongate.
    1
  63719. BIG SCAM IN SAN DIEGO (PROP13 ) People buying at these high inflated prices are paying 23,000 taxes on 1.8 mil house while the house next to it valued at 700g (same house) paying 8,000 in Taxes...that person with low taxes can transfer that tax base to another home 🤔😳 don't forget mandatory FIRE INSURANCE on 80 % of homes, could be additional 15k per year on top of regular home owners insurance. TOTAL MADNESS. They were right when they say IT'S NOT LIKE THE LAST BUBBLE.... IT'S WORSE... 🍷
    1
  63720. Not sure of punishing people who are investing. I understand if you meant investment corporations like Blackrock
    1
  63721. Apartment complexes are ripping off tenants as well. Lots of people moving out. Not sure where they’re going but it’s out of here. I’m obviously renting because cash buyers are beating me with every home I bid on. Not good.
    1
  63722. this is happening on the gulf coast as well south of Tampa....
    1
  63723. As a seller I’m already happy with my 2.2 interest rate
    1
  63724. I will be buying my 3rd house if this happens!
    1
  63725. The downturn needs to happen sooner, than later. The longer the inevitable is pushed out, the worse I fear it will be.
    1
  63726. thanks for the truth
    1
  63727. What neighborhood are you in?!
    1
  63728. U are the metaverse, me watching you on youtube is the metaverse, the layoffs are for other sectors of meta not the metaverse they are building, elon started a fad, you dont have to have high paid useless employees to attract investors
    1
  63729. Michael, if you walk in the tenderloin in San Francisco, watch your back ! Be careful, it’s a sh.. h…!
    1
  63730. Not so they can give it to Ukraine! I do agree with you but this administration doesn't care about the national debt.
    1
  63731. I looked at the underwater stats for New England and it's 0.8% for Vermont, 1.1% for Rhode Island and New Hampshire, and 1.3% for Massachusetts.
    1
  63732. I think the crash is almost guaranteed at this moment. So adjusted for inflation, and this is the key, prices will go bellow 2019 as average.
    1
  63733.  @MichaelBordenaro  Thanks for your great videos and info, I appreciate sharing your info on your sunglasses
    1
  63734. In the Chesapeake Bay area of Virginia where I have my US location--Redfin doesn't present a lot of color but just in the last two weeks I have noticed a marked increase in houses (400K to 700K) on the market. The houses already present on the market appear to be moving slowly if at all and many of the buyers I know have turned into spectators waiting to see what's going to happen. Some are still actively looking but "caution" seems to be the by-word.
    1
  63735. Landlords should take part of deposit for a rental being left filthy! I take pictures!!!!
    1
  63736. Great reports - thank you Michael
    1
  63737. Many real estate in Miami Beach went up by 3 to 4 times. I am thinking they should have a good reason besides their greed to go that high. Is there any one buying it at that price .
    1
  63738. I got two 75 dollar tickets for parking in my driveway in Long Beach , Ca….. I tripped out the first time and the second time I moved back home and that’s Florida lol 😂 classic
    1
  63739. Michael, Thank you for listening to us. I think you might be the only really utuber out her and I am learning something with every video you produce. we are hear to hear you tell us the truth.
    1
  63740. Happy New Year Michael. Enjoyed todays video bud.
    1
  63741. do you offer assistance to someone moving there from Canada? Its my friend’s daughter and she will be moving there and probably will start with renting
    1
  63742. My favorite 2 Youtube fellas! Enjoy your time!
    1
  63743. "delusional" sums it up. Thanks.
    1
  63744. You are not negative. You are truthful
    1
  63745. Keep the truth coming. Your fellow Floridian follower. These immigrants will do work that Americans won’t do because they’re lazy. More people need to hear the truth. 100% doom and gloom. We are ready! Thank you for your work!
    1
  63746. The "Forward" Party sounds like a great idea. The temptation for greed is too great for Politicians. They sell out the American people. They don't do their jobs. They don't work for us.
    1
  63747. What type of sunglasses do you wear I want get a pair!
    1
  63748. Interested!!!.... NOT "Be fearful when others are greedy." - W. Buffet
    1
  63749. will be more CRIMEs ,
    1
  63750. Gold is a great investment I paid 210 bucks for my first ounce . It’s what today !
    1
  63751. Most importantly though, "Renting is not a waste of money, guys." This is why I love your work. Thank you. You have a big pair of brass. I respect you. Keep them coming. Great content.
    1
  63752. Your opinion banks are taking on too much risk. Banks are audited all the time Banks are leveraged about 60 percent less compared to 2008. Banks never completely fail. Who picks up the losses ? You and me via higher fees, taxes, etc Great channel.
    1
  63753. WTH, there are floating ads in the ocean now when you go to the beach?
    1
  63754. HOA’s are robbing people now BAD‼️ remember people we must walk through the darkness to get to the light
    1
  63755. Must be awkward when people are walking behind you.
    1
  63756. Thank you Michael...!!!🤩🥰
    1
  63757. Hey, you walked in front of my house!
    1
  63758. why not a $100,000 umbrella policy. it covers my home ,cars, boat, side by side etc.
    1
  63759. Look back to 1925, 5 usd per swamp land acre.
    1
  63760. Also about the stock market....if it drops, the Fed has plenty of room to drop rates and then BOOM...houses start selling in a race to get in on low rates and the market V's to to SPY500
    1
  63761. it's said 1 in 4 residential properties are bought or owned by institutions as an investment.
    1
  63762. Mike, you are actually a good-looking guy without the glasses!
    1
  63763. I love your videos Michael, great format with just walking the FL neighborhoods. I am considering a townhome in Naples for the winter months (I live in NJ). As just a town, what do you think of it lifestyle wise?
    1
  63764.  @MichaelBordenaro  I was wondering if you thought it would be too high. I'm getting it at a deal, the house was built in 1962 but it's been completely remodeled by my uncle and comes with 1.60 acres with 2 sheds and an old barn. I feel like I'll be able to sit on the property for a few years then potentially sell it
    1
  63765. A weird thing happened. You started talking about one positive item, and the channel went blank.... wierd. Nevertheless, keep feeling free to say what you think, Don't have a contrived form for your content. This is my advice. And, keep it up!
    1
  63766. Thinking we are getting a deal by paying govt via taxes to do most things that it does supposedly "for us" is the biggest grift invented besides the central banks with fiat currency! We would be better able to pay to service ourselves by doing so privately or in groups on our own in most cases compared to the poor return on value we get when the funds go to govt and sometimes come back to us. Just like investing well compounds dramatically over a long period of time, so do the losses to our lives when govt keeps stealing our money over long periods of time and they invest it poorly or waste it. The net sum is such a massive loss to ourselves and society it is actually a bit mind boggling to comprehend when you imagine these resources and what they could be now over the past 50yrs+ invested wisely vs what was wasted over the past 50yrs+ thanks to govt.
    1
  63767. JP Morgan Bank is a Primary Bank. 10 primary banks actually make up federal reserve Federal Reserve is not public. Not all records of federal reserve are open to review. Like the Vatican, they tell you only what they want u to know
    1
  63768.  @MichaelBordenaro  well thank you, been retired pretty much since 2015. That is when I started investing more in real estate after selling my company.
    1
  63769. 🍀😊🍀😊
    1
  63770. People who are perhaps 15 or 20 years older than you bought cars and houses at interest rates ranging from 5% to 12% back in the day. The problem you have nowadays is that artificially low interest rates and loose credit and lending standards for at least a generation allowed people to borrow way too much money to overpay for houses and cars ... government regulations have also added to the skyrocketing of prices for these. Like it or not, you were screwed by the Boomers' (even if unintentionally) and Xers' inability to defer gratification and live the so-called "salad days" like mom and dad did until they could scrape together 10% or 20% down payments, coupled with banksters more than willing to financialise and break the system in order to pocket a fast buck today, and now you are being brow-beaten to lower your expectations to save the climate, which is a polite fig leaf to hide the ugly truth.
    1
  63771. I recently had to cancel abank check thatnever arrived at its destination in another state, and re-issue another one. Expensive. Willnever mail a check from my mailbox again; only from the post office itself. Not every place accepts ACH and/or credit card, unfortunately.
    1
  63772. I agree a lot of buyers are fatigued. But also while showing our home, a lot of traffic reduced bc buyers had covid or didn't want to get out in the heat....i think some will rejoin the hunt in sept this year. We had an early market this year in Texas. Jan and feb were stronger than usual and may and June weaker. I think sept-nov will be stronger than usual. People trying to not look during traditionally peak times. At least in my experience. My realtor said her buyers have all said they just want a month or 2 break. Or they currently have covid P.s. i love the comments on these videos, very interesting takes and engaging participation Micheal, as usual, perfect take. Not gonna get something for nothing, but it's about too get better
    1
  63773. When the 99.9% of people who have to PAY for groceries who used to buy a piece of meat for $15 now pay $45 see because the government cuts lending rate for what 30% who are home buyers and as a result have to pay $65 for meat. Well the controlling party will lose big. Not happening.
    1
  63774. The best cycling place in Fla please?
    1
  63775. more like 'American Nightmare'
    1
  63776. I know someone that went online and took an offer from a mortgage company offering 3.8% rate. But since then problems started! Fixed rate, yeah right!
    1
  63777. 👍🏻
    1
  63778. Hi Michael, I am in Florida right now I hesitate to buy here because of one a big things that worry me. What do you think about the increase level of water in Florida and global warming and his effect on the potential impact in Florida, price, building etc. Thx
    1
  63779. My wages went up8% 😂 I don't know who's went up 20%
    1
  63780.  @MichaelBordenaro  Thanks for the info, I did prefer not increase the rent to much to my renters, I think is fair to let them breed some then to be greedy, I have good renters. I have not been forced to get section 8 at all.
    1
  63781. i feel for that woman cuz i have been there and her sounds worse than mine back in early 90/s my home halved in value and then a few years ater morgage rate doubled from 10 per cent to 17 oer cent
    1
  63782. I might look for a house in 2024 or 2026🙂
    1
  63783. Trigger warning for the❄️, 😂 yesss
    1
  63784.  @MichaelBordenaro  I agree. We still use paper statements and my wife still sends checks in the mail. 😉 Companies of all sizes will try to squeeze any profits they can. If they have 500,000 customers still on paper statments, that's $3.5 million per month in cost, so it can be substantial. Citi, BoA, Wells, etc. will have a lot more than that on their books still.
    1
  63785. This site is dope thanks
    1
  63786. Absolutely spot on...
    1
  63787. Cut food, fuel and housing numbers out of the data i.e. essential household expenditure, to make the government inflation numbers look good. What next! Insurance is already a scam. Media subscriptions, privacy, copyright, and associated IT/security scam next. Right, the economy is a total disaster however you want to look at it.
    1
  63788. right on man
    1
  63789. Thanks
    1
  63790. awesome collaboration! thank you!!
    1
  63791. Crash is coming
    1
  63792. I watch both of you, good job!👏
    1
  63793. Im late to the party but figured Id see if you noticed Iron Man at 7:57. Take care Michael!
    1
  63794. Do people live these homes? When I was a kid we would live in homes. People would raise children in them. They would live in them for years or even decades.
    1
  63795.  @MichaelBordenaro  Have you checked how safe your building is? What year was it built?
    1
  63796. Next step on the housing market is FRAUD,desperate flippers/investors that are loosing everything they made in last year,are going to star looking for fake buyers to defraud lenders and try to get some money back,later they will just stop paying mortgages and boom,,,,2008 again.........the worst of this will be in 6 months,this is going to get very ugly.....home values are going down 50% in 6 to 8 months
    1
  63797. Click bait Michael. Houses are not going to drop by 50% You can dream all you want. Next week It'll be 75% what a joke.
    1
  63798. I get your point but Not spending money will not help the economy. It's a double edge sword.
    1
  63799. I notice all the lawns in your videos are burned up. No one waters? I had a house in FL, well water for lawns and I didn’t need to water in the summer-enough rain to keep The lawn lush. The dead lawns surprises me in the summer!
    1
  63800. 10:55 ... The Booty Boat! 😎
    1
  63801. Two stars in one video. This is great!!!
    1
  63802. Yea it’s ridiculous
    1
  63803. Looking forward to your upcoming videos
    1
  63804. Wonder if folks will decide to squat in their own foreclosed homes 🤣
    1
  63805. Zombie companies (owned by politicians) will be around forever.
    1
  63806. Congrats on your 5rg your fith anniversary. Keep up being the voice of reason.
    1
  63807. Ongoing consistent backward downward revisions is well known already as a not good trend to be having, in itself.
    1
  63808. Good afternoon my friend I have been following your blog and videos and I want to congratulate you for the way you talk and how good you explain the facts. I want to get my real state license and get ready for the future of the market in South Florida, any recommendations in where and how to start ?. Thank you for your time and advice.
    1
  63809. After reading the title my brain automatically filled in: Spend $44bil to buy a poop-show of a social media business and then proceed to tear it apart in a public spectacle.
    1
  63810. Buy gold jewelry when you have money, and sell it when in tuff times
    1
  63811. There’s no data, but this is part of the problem 🤦🏻‍♂️ cmon Mike! First video that I had to smh from you
    1
  63812. The ranking should be only the ones with inexpensive parking.
    1
  63813. Wish inventory would go up in the neighborhood I'm interested in...trickle rate listings...🤷 FED broke housing...low rates locked ppl in.. So l no incentive to sell for many ppl (real estate local of course)
    1
  63814. CONGRATULATIONS 🎊🍾🎉🎈
    1
  63815. It's nice to see young people make so much sense and speak so much wisdom.
    1
  63816. Michael what do you think of Ventura watch Florida I don’t know if I’m pronouncing it right but what do you think of that area it’s on the outskirts of Orlando Florida
    1
  63817. I would love to have a walkthrough
    1
  63818. What kind of sunglasses are those?
    1
  63819. Big Fan ❤ u make my depressing days due to the economy feel better
    1
  63820. Excellent information about debt and what we can expect…and did you see all those beautiful yachts Michael was walking by?
    1
  63821. I'm two and a half minutes in I wish you would tell us where he lives I live in Louisville Kentucky thank God I bought a small house my tax bill for the year is a little over a thousand dollars for my 1,000 square feet quarter of an acre
    1
  63822. Hey Michael, yes, I am interested in your sharing of the Air B B adventures you have had. I love the show, love to see my old hometown.
    1
  63823. We need 1500 sf 3/2 homes in schools with 7 ratings instead of 3000 sf 5/3 in 10 school districts. Not profitable four builders, government needs to incentivise with tax rewards
    1
  63824. Sleeping in those small rooms you showed is better than Sleeping in the streets and not having available showers.
    1
  63825. Hi friend, this is my first video of yours I have watched and just wanted to share one important fact with you. Raising fed funds interest rates by the central banks are INflationary in high debt financial environments such as what the whole world is in currently. As you correctly stated we are the most in debt ever which is why higher rates on said interest force ALL costs of goods and services production up. Not down. In a low debt environment maybe higher rates ACTUALLY work to suppress demand. But even that is not proven.
    1
  63826. Thanks so much for your great videos! I love them so much !!!!! I wish to buy not far from Plantation , fl, where a family lives, I love these apartments. Thanks so very much!!! I will continue watching all your videos!!! Thanks!!
    1
  63827. Where in Florida is that? South Miami?
    1
  63828. January increase .4%, by EOY that =6%................... Hoard carrots and potatos
    1
  63829. I wonder what percentage of people really believe the realtors that say prices will keep going up. Talk about gullible. Happy Father's Day everyone!
    1
  63830. Nothing will change for the better until we reduce the size of government and that...... will never happen.
    1
  63831. Love your videos! I look forward to them :D Thank you Mich!
    1
  63832. I thought my dog had done something in the kitchen and I ran to see and it was Michael's video playing in the background...I died 🤣
    1
  63833. 16:25 That 6.2k a month 1789 sq ft house!? insane.
    1
  63834. it's way more then 5%
    1
  63835. I have been on the side line waiting. I really appreciate your time. However , I wish you can give your opinion on lots. Should I buy a lot now and build later? Do you think lots will also decrease in price?
    1
  63836. I’m waiting for the crash
    1
  63837. You mean Tesla did not give their employees a 2 week notice?
    1
  63838. I love this style of video with you guys walking and talking.
    1
  63839. Ohhhhhh man, really? 40 years? It's definitely the end..... but prices will go up first. Gross
    1
  63840. If you have good credit and pay your credit cards on time the FED instead of rewarding you, starts stealing even more from your line of credit by jacking with the interest rates for their own benefit. In short they are literally punishing even the people who have always taken care of their bills on time and managed their credit wisely. And these people aren't and weren't the ones who screwed up the economy.
    1
  63841. I'm not one to interupt US politics or policies usually, but see how it goes. The Fed is surely going to cut mortgage rates by 25 basis points on Wednesday. That's my prediction. Not sure this US economic setting is right, given data discrepancies.
    1
  63842. Excellent feedback, as always 👍 😀
    1
  63843. Who is this imposter? We want the real Michael Bordenaro. 😂
    1
  63844. There's no getting out of this , The USA has become home of the rich only !
    1
  63845. Those were great suggestions please include map of your walks to identify the neighborhood. Good job with the video.
    1
  63846. As a fellow Miami resident I joke about how bad FPL is. We used to call it Florida flicker and flash. The neighborhood power grid is a 65 year old hodgepodge of equipment patched up with baling wire. At least once every 2 months the power goes off. Thankfully I have bikes and Diesel truck and van. Diesel can last decades, and the engines don't go bad from being in storage. I am waiting until we finally (after almost 100 years) get cat 3+ hurricane winds in Miami and lose power for weeks or months. Imagine all of the EV's that will be flooded in condos, catch fire and cause those high rises to collapse like the Twin Towers. No power, no water for firefighting. I have had to repair and upgrade outdoor charging ports installed by electricians that have burned up from high current. Those cars have little value when used due to degraded batteries. The gas gauge senders like to fail in my old cars, but you can always walk to the gas station with a 5 gallon container and refill it.
    1
  63847. Orlando has got a lot of wealthy Brazilian as well as Venezuelan investors.
    1
  63848. Loook at that banker Chad with deal sleds at 1:14 ! Ask him about the crisis
    1
  63849. Great work, Michael. Keep it up!
    1
  63850.  @MichaelBordenaro  I'm thinking Of moving out of California but every time I think of going anywhere nothing looks good to me. I was all set ti go to Florida and then everything looks so crazy there you couldn't drag me there now my friends moved there from palos verdes that's where I grew up...beautiful there but crazy prices..just come visit more.... the traffic here is HORRENDOUS 😳
    1
  63851. The income tax is 13% they should be able to put done of that toward the homeless population
    1
  63852. What if you are using solar panels?
    1
  63853. Such a coincidence
    1
  63854. You're far from ruthless Michael. You're only being real. These complainers are going to get blindsided. And they'll be saying "wha happen?"
    1
  63855. Long in depth vital information!
    1
  63856. No hurricane in CA?
    1
  63857. They're either right or not: JUST IN: 88% of economists believe the US economy is heading for a soft landing in the next 12 months. Only 1 economist out of 43 surveyed by Bloomberg expects a recession in the US. By comparison, 10% of polled economists expect a hard landing but not a downturn. This comes as the Fed has been projecting a soft landing since July 2023. Meanwhile, 56% of Americans currently believe the economy is in a recession.
    1
  63858. Michael, it sounds like a credit card to me!! Buy now, pay later was in use before they allowed women to have credit cards without the signature of their husbands. Women were basically second class citizens like minorities until the early 1970's. However, I am talking primarily about white women. Minority men and women were considered not credit worthy back then.
    1
  63859. That mcdouble patty and small fry bag is about to get smaller just watch
    1
  63860. Thanks!
    1
  63861. Left LA last year to live in the town I grew up in, snow belt. Cheaper, cleaner, peaceful and beautiful. And plenty of cheap utilities cause we got lots and lots of water. Cali and the southwest are literally drying up and dying. You would have to be nuts to move there today.
    1
  63862. Lol Michael with all your advise you should be a parent, you will raise great children who will not smoke , drink or buy lottery ! They also walk dogs instead of owning one ! Good luck with that ! I actually do all those things you said but it's not possible for everyone! Good luck teaching it ! Lol! 😹
    1
  63863. common sense is long gone since you know what starting from 2020 😅
    1
  63864. All this as I see it is self inflected, one cannot destroy jobs for 24 months or longer, rehire a work force and call it recovery, one cannot print unlimited money ,give away money ,tighten up the money supply and expect a flourishing economy. This is the fault of the people as they elected a federal government that did this. ( my opinion) On local levels across the nation if one sells property to wealthy foreign investors at 4 times the actual market rate because of greed ( yes greed ) and this happens all over one part of a state and many areas across the nation what does one really expect to come from this? Saddens me greatly to say I see a true economic recovery for the entire nation a few years in the future and no time soon . I do enjoy your channel and thougful insights.
    1
  63865. Thanks for the video
    1
  63866. My masters program will cost me about 70k
    1
  63867. THE LOVELY HOMES your walking past...do those People actually DO SOMETHING to make a Living? You See so many millions of very well off Home Owners that seem to Just have Money and Produce Nothing...do not go to a Job...a class that seems suspicious in their Prosperity.
    1
  63868. i learned how to cook my favorite meals and i saved A whole bunch of money on eating out. CHA-CHING.
    1
  63869. Reminds me of ski resorts flying in foreign nationals from overseas to work ski season because no US workers could or would. They housed and fed the foreign staff and gave them a small pay wage but the foreign staff got free ski tickets and a chance to see America
    1
  63870. not all real estate agents are bad, after all, if you are on this channel on a regular basis and are at least a decent judge of character then you know Mr. Bordenaro is a pretty cool dude and one of the good guys. As a pharmacist i can spot bad people 99% of the time after a 1 minute interaction usually with myself saying very little. hope i get a chance to work with him some day. 👍🏻
    1
  63871. It’s beautiful there thank you for showing watching from Las Vegas Nevada
    1
  63872. AirBNB has always been a greedy rip off!
    1
  63873. As the Eminem the great once said "Are you smoking crack?! Before I pay that I'll beg Mariah to take me back!" 😂
    1
  63874. I watch your channel from Costa Rica.🇨🇷 I enjoy your walk-around. Last time I was in Miami, developers and city officials were trying to obtain the properties in Little Haiti, by any means.
    1
  63875. I’m so tired of hearing flipping people gotta do their homework and not overpay for a house it’s been painting again inside
    1
  63876. Great video guys
    1
  63877. Absolutely, inflation is going to soar. These fake goals are Fed actors playing roles. The Fed has caused all this inflation and want more. The whole pivot thing is a joke. We are going BACK to nothing. We are witnessing the downfall of America.
    1
  63878. LOve your video's by the way...and now I've subscribed
    1
  63879. 2 consecutive quarters of negative news hit the headlines today but White House response is claiming that doesn’t mean we’re in recession because of the unemployment rate but as far as I know most economists determine a recession based on quarterly growth rates. CNBC has the news article that I read about this today.
    1
  63880. Other than sqft. Are beds and baths the same? Does it have a pool or something the other doesn't?
    1
  63881. Keep this up; and there will be millions of Americans living large cardboard boxes in the streets; and squatting in abandoned buildings; and living in unregulated homeless encampments; and the homeless motorists will be camping overnight in Walmart; and Costco parking lots; and other big box store’s parking lots!
    1
  63882. I've been a landlord for 40 years. My advice is that you better have a fat bankroll in this day and age before you decide to to buy a rental. If your just keeping your head above water, you can get buried fast. Good luck folks
    1
  63883. government over prints money and the people have to pay for it by higher costs to absorb that excess paper. its criminal.
    1
  63884. No use raising rates, going to make housing inflation even worse, you already know that rents and home prices weren't coming down much after eleven rate hikes, if I were the Fed, I'll stay put with rates and see what happens. But, that timid J Powell likes to listen to the opinion of his colleagues and can't even make up his own freaking mind...Do you remember dude almost got fired by Mr Trump in 2018? Well, Trump is the one that brought him in as Fed chair at first.
    1
  63885. Maybe the mobile home and condo people should shack up with each other and could save that way 🤣
    1
  63886. 1st
    1
  63887. These are high risk times we are in. Stocks, bonds and real estate are risky risky to be in right now. Some won't be affected, but many people will be hanging on hooks and lose.
    1
  63888. that wasn'T funny but scary to be honest.. imagine snapping your ankle in there!
    1
  63889. sounds too good to be true--I'm packin' my bags right now
    1
  63890. Thank you! Another enlightening video.
    1
  63891. A Michael, Gentlemen’s Bet, Housing will not drop by 50%. Reason our currency is so bastardized it is the only real non liquid money for most people. People will always need a place to live barring any advance in technology. The inflation rate report today showed a massive drop in inflation for now. Sometimes the medicine seems worse than the disease, including our current economic situation. Check for yourself if needed. Nobody really knows what the future holds, I am more optimistic than you for now that’s all. If you still sell real-estate maybe you should not be apocalyptic for sales reasons. Michael, picture that since 1971 till 2020 approximately I was similar to you. In spite of myself I managed to run a international printing co. for 52 years. The glass is half empty not half full. So, what say you.
    1
  63892. I am in Canada and ready for the deal of the decate!🤑
    1
  63893. Foreign investors: money laundering, tax evasion, foreign crooked oligarchs, etc... Pathetic...
    1
  63894. People ask stupid questions is 106 come on now
    1
  63895. Looking at The People to see who is in Shape and who is Not.
    1
  63896. so where is that guy supposed to park if he can’t park in driveway??
    1
  63897. Michael , I am not one for central banks including the Fed. The only thing you said about the Fed.not trying for a soft landing may be wrong to the best of my knowledge. I used to be an advisor for the Fed when I was with the economics department at Temple University in PHL. I asked a few economists at UC Berkeley and I think nobody knows for sure. The general concession is a mild recession to no recession. I don’t know any better than you with all my degrees and neither does anyone else. Just stay out of debt like you said . That is never a bad thing. Stay free.
    1
  63898. The Fed causes inflation to finance billionaires. Inflation squeezes people. Those people become increasingly desperate and do whatever is necessary to survive.
    1
  63899. I remember the wash your mouth out with soap days. Ironically the same cities that let criminals rob with impunity will fine the law abiding people 100,000 dollars for having your grass tall. The places with the junk cars on blocks, weeds and animals are the same places where criminals are afraid to go. Had no idea you were a cigarette smoker.
    1
  63900. Need to know how you get away with playing a Mesa Rectifier and full 4x12 in a condo. What are your secrets? On a side note....the Fed could just do absolutely nothing and it would be better in the long run. Let the markets set the rates and prices. It would only take 1-2 years to get to equilibrium. Every time the central planners think they can turn knobs and control the markets, they make it worse. They are captains of the Titanic who are used to Ferrari handling but still do not have their driver's license.
    1
  63901.  @MichaelBordenaro  That is awesome you are able to still play the "rig" in the condo and your neighbors are cool with it. Love the guitars and content! Thanks for the vids!
    1
  63902. Lol, average age in Venice is 95 years old...
    1
  63903. Stock market's looking good because companies have been laying people off.
    1
  63904. Does anyone know the percentage of houses in Los Angeles and Miami that are owned by foreigners?
    1
  63905. Insurance regulators work for them too, believing the regulators may care for consumers is naive
    1
  63906. Solid facts, Thanks Mike.
    1
  63907. Ok if all the new home buyers in Florida are looking at these large tax bills due to new valuations what the heck are the taxing authorities doing with his new rush of cash. They should be lowering millage rates but are they? I would probably have bought one or two more homes in Florida except for the massive tax step up I would be facing. Real estate taxes here are messed up! Oh I think we are in a recession by any definition of the word and when we see how high prices will be a few years from now we will all believe it.
    1
  63908. Lots of folks out there singing ricky Martin living laveda brokea.
    1
  63909. Low interest rates really only help the wealthy, and those who have a bigger borrowing power. The last administration was key in pressing the Fed to make interest rates zero. Couple that with tax cuts, and you get inflation…everyone keeps blaming the checks cut to Americans making less than 100k, as if they’re the problem. 😂
    1
  63910. I predicted that Years ago, even in my predictions video 🙂 People laughed @ me And according to the comments, things are already starting to shift
    1
  63911. Keep it a 100% doom and gloom, right now that is more realistic
    1
  63912. Thank you
    1
  63913. You need to get insurance on that car. People are going to want to test drive it.
    1
  63914. In TX property taxes are 5K on a 200K house. 🤦🏻‍♀️
    1
  63915. We're riding with ya.
    1
  63916. And people are always going to nursing homes, dying and family has to sell properties
    1
  63917. Making the last payment on my wife's jeep next month $778mo payed off 2 yrs early.
    1
  63918. We pay our bills cause we can't move since you have to make 3 times the rent ..I'm forced to stay in apartment I cannot even qualify for...so we eat less. Make 20.00 less per hour since COVID..Houses are 600000k and up... 60k to live in apartment 1 bedroom... No money to save 2024. Moving to car
    1
  63919. So the guy that bought the property on N. Bay Road for $21 million in February was trying to sell it now (in July) for $24.5 million! 😂🤣People have lost their collective minds. Unless he buried $3.5 million dollars worth of gold in the backyard, you’d have to be the worlds biggest fool to pay those prices. It sold for $10 million in 2019!
    1
  63920. Michael ,I watch you on a Kindle fire ,hot spot from my IPhone and I get NO YouTube adds .Hot spot Coast $ 10.00 a month . I get adds when I use my IPhone ,hence I use the Kindle . ( 10 Inch screen ,nice a )
    1
  63921. 202k and can't afford it? Where I live the average house is 595k
    1
  63922.  @MichaelBordenaro  I have read that over 4 million illegal immigrants have entered the US since Biden was elected. I think the numbers come from the border patrol. I think the real number is likely larger.
    1
  63923. I need a few acres / more of an oversized shed to live in ( on a slab ) / and my shop would be larger than my house . . . . . . . because I don't make money sleeping 🤣
    1
  63924. What should we look up to find out what our state does?
    1
  63925. Hey! While your there, stop in Spinnakers for a Chowder... Best In the Bay...Ciao...
    1
  63926. Just got a notice saying my utility bill is going up 10 percent due to the hurricanes! Hello from Tampa
    1
  63927. houses in the miami market are way over priced
    1
  63928. Horrible
    1
  63929. I wish I could afford to live in California. Yet, if I could I couldn't stomach it and would buy a sprawling property in CO or WY with change left over.
    1
  63930. It is worse than 2008, because back then was only involve the real state market and some jobs, now is the real state, jobs, food, gasoline. 2008 will be a walk on the park compare to this one. Hold on to your seat this will be a rough jumping ride.
    1
  63931. I ain't buy anyone christmas presents. Moved to a new Location and I gotta hold my savings until my house sells. Then I gotta buy a house.
    1
  63932. I don't see why we can't do the same as Canada, which is reasonable, considering you must advocate for your citizens and create affordability. Canada banned foreign buyers from purchasing real estate for two years. This is an effort to cool the market; essentially, the goal is to create affordability with its citizens. The U.S. needs to ban ALL foreign buyers. The data shows that: Chinese buyers had the highest median purchase price, at $476,500, and more than a third – 34 percent – bought a property in California. (I would argue a possible reason why certain areas in CA are seeing cuts due to over-inflamed prices) Foreign investments: All-cash sales accounted for 44% of international buyer transactions, nearly twice the rate (24%) of all existing-home buyers. Non-resident foreign buyers (60%) were twice as likely to make an all-cash purchase as resident foreign buyers (30%). Source: NAR, Forbes.
    1
  63933. Hey Michael check out for whom the bell tolls from the blue eye samurai soundtrack if you haven't already.
    1
  63934. Glenn Kelman has absolutely no clue of what is talking about and just showed that fact on his message. another lunatic. Actually a lot of commercial is been retrofitted to residential as well.
    1
  63935. 2:19 I mean the banks did the exact same thing in 2008 and they got more money from the tax payer than all student loans combined
    1
  63936. By the way another home insurance company called it quits in Florida. Prices will go up. Beware.
    1
  63937. Yeah the rent has doubled. I had to move and pay double to stay in MB. If you're not rich or well off then you have to go to Hialeah. Welcome to the new MANHATTAN!
    1
  63938. What are you thoughts on the White House bill - Renters Bill of Rights? Basically federal rent control on those with a federal backed mortgage.
    1
  63939. Mexico has a higher rate of home-ownership than the USA because they do not allow foreign ownership of their land. Also, Hungary does not allow foreign ownership of Hungarian real estate. Home ownership is also high in Hungary.
    1
  63940. Thanks, Michael! LISSI!
    1
  63941. Thank you for explaining the difference between tax sale vs foreclosure bank sale. I appreciate this information 🙏🏾
    1
  63942. The country is $63 Trillion in debt right now (business, consumer). When Obama was in office he jacked it up to $9 Trillion, and we thought that was horrendous. We are in bad shape. Crash it.
    1
  63943. He didn't miss it violation he took the money.
    1
  63944. Those listings are way, way, way overvalued. I live in California, so I am familiar with high home prices. With that said, those homes are going to take a whopping haircut. I'm an appraiser and have seen it all over my 28 years in the occupation, but those prices are just ridiculous (along with the rates of appreciation).
    1
  63945. Congrats on your anniversary yesterday!
    1
  63946. every major insurer has pulled out of florida, whatya got now, this citizens thing? no insurance, no mortgage. That was BEFORE IAN and NICOLE too.
    1
  63947. Mike, what is the commission in other countries? How do we compare, and why?
    1
  63948. Hey Michael, I need your thoughts on an offer that I made two days ago that THEY accepted. Today, THEY now say they made a mistake and can only accept an additional $3,930. Bait and switch?
    1
  63949. What about putting money in a treasury bill ?
    1
  63950. it'S a cash buyer heaven that is coming!!
    1
  63951. The current housing market with sky-rocketing prices can't be sustained. Basic science~!
    1
  63952. Always great info! Seeing the nice neighborhoods always adds to the interesting conversation too!
    1
  63953. 😎
    1
  63954. Renting in San Francisco. It’s crazy to think I could just legally stop paying rent. My landlords trying to pay me to move tho
    1
  63955. Great content! Much appreciated!
    1
  63956. I have a realtor I know who says things are slow. Not like before.
    1
  63957. Liked!
    1
  63958. No, no, the buyer will just be charged the buyer's agent commission at the closing.
    1
  63959. that atlanta story probably isnt the worst pne
    1
  63960. Prices have already dropped 5-10% where im looking.
    1
  63961. Cd s are a great. Solid no lose choice.. 100k cd. It’s actually kinda crazy ..
    1
  63962. You have beautiful eyes ser. No more sunglasses, you don't need them, even if it's blinding you. Good day.
    1
  63963. have you seen what all in podcast said about wework? its worth buying in bankruptcy. they are going back to the landlords and offering only 60¢ to the dollar. If the landlord accepts they will continue, if rejected they have lease brake rights due to bankruptcy status. landlords will accept because it's easier to keep a tenant then to find a new tenant.vif they can pick up all the offices and all the customers and work it out just right it will be profitable but it definitely needs to go through massive painful changes.
    1
  63964. We just firmed our adjustable rate HELOC @ 6.75% about 8 weeks ago, which will be about a normal rate soon if it’s not already. We wish that we would have then turned around and re-financed that 6.75 % through Navy Federal CU before this Administration said ‘hello folks’. Oh well, too late.. that ship has now sailed.. pardon the pun 😀.
    1
  63965. Circle back!!😂😂
    1
  63966. Spot on.
    1
  63967. Certain areas are also super expensive to insure and many multi million dollar units are in disaster areas (hurricane/flood). Alot of people are either under insured or have none and figure FEMA or the federal government will step in and pay in the event of a catastrophic event because it will wipe everyone out, not just them. But yes, insurance rates are insane in Florida to the point where right now it's completely off my list for a retirement destination, regardless of the states politics.
    1
  63968. Michael you’re the Dan @ I allegedly of the east coast lol. I love the walks various topics you hit on. Real estate is great but gets a bit boring sometimes.
    1
  63969.  @MichaelBordenaro  that would be awesome.
    1
  63970. I'm looking for a second home now lol deals are to be had
    1
  63971. Good info buddy they are away from reality… also just ordered a pair of sunglasses thank you from las vegas
    1
  63972. Yes, and we're also in the, "let's take it off the market and wait until the "market improves again" phase. By October there should be a whole lot of reality settling in.
    1
  63973. Everything in this society is designed to make you a debt slave. Revolt peasants!!
    1
  63974. As a U.S. expat buyer of properties in Central and South America. I would say. Watch what happens in Florida, when cash buying Chinese aren't buying the million dollar plus homes, or other realestate! And, don't forget, politicians are attracted to bribes.
    1
  63975. Landlords need common sense. The longer it remains empty the more the loss of rental income Renters and buyers will be able to negotiate soon.
    1
  63976. If the Buyer wants a AGENT to represent THEM then THEY should have to pay for the privilege. If a buyers agent brings SO MUCH value to the table then the BUYER should be more than happy to PAY for those services THEMSELVES. If I SUE someone and I WIN I shouldn't have to PAY for the other party's representative! The BUYER is CHOOSING to PURCHASE those services. Why do I have to PAY FOR IT??
    1
  63977.  @MichaelBordenaro  I’m in IT. Analysis is always on. Regardless keep being awesome.
    1
  63978. HELOC's are risky. The minimum payments are for interest only. On a 10 year HELOC the principle is DUE at the end of 10 years.
    1
  63979. Such great info….. hey Michael, are you familiar with meet Kevin Paffrath and his house hack company. He is actively building relationships with realtors around the country so he has a net work of people to work with when buying real estate in the future contact house, hack, and meet Kevin and he will fly his jet down there to Florida and do a video with you guys checking out houses that would be some killer content. He is originally a Floridian.
    1
  63980. 👏🏿
    1
  63981. Can we talk about the 400 lb gorilla in the room, err, on the roof?
    1
  63982. Terrific Video, Michael !....Buyer Beware !......Today, it seems , people are tougher to deal with.....You buy a nice property and "everybody" is picking your pocket...lol....Thank you..
    1
  63983. Do you know of a resource that shows liens on a given property? Ownerly is no good IMO. I love this channel Michael. Paying now. Thanks
    1
  63984. I like and agree with what you say about real estate and interest rates but you walk around some REALLY ugly houses, even though I know they're worth $$$millions....those houses are UGLY....!!
    1
  63985. I would like to get a house but living in FL with insurance seemingly walking on thin ice and population increasing, it seems like the future could be a mess. I may save but been thinking about west virginia as it is way cheaper.
    1
  63986. 20:00 I understand the Gold stability theory yet I’m not going to stash away that much $ into gold thinking it’s a revenue ‘investment’, more like an emergency reserve and definitely long term is needed.
    1
  63987. get a tenant
    1
  63988. That views again! I live in a rent control area, and I had no idea about this great information
    1
  63989. EV’s need an easily replaceable battery that you can change in ten minutes. In Asia there is a company doing this with scooters. I have a Toyota hybrid because I take quite a few long road trips. If there was an electric car that I could get “recharged” in ten minutes, that would be a game changer.
    1
  63990. Outstanding video. This is our government. I'm with the government and I'm here to help.
    1
  63991. 👍👍👍👍👍👍👍
    1
  63992. Anna Maria Island is awesome, you should check it out.
    1
  63993. Totally against all the free stuff the government gives.
    1
  63994. Tbh I’m pending in Tampa & would’ve gotten the same net from opendoor if I went with their offer in late may/early June. Hell if I managed to negotiate some repair fees maybe I would’ve been better off, still making out well especially for having the property for a little under a year but OD can be on the money.
    1
  63995. That's funny you brought up a tree falling on a home, as the first thing I immediately had to do (when I got my house) was have someone remove a tree. Previous owner didn't keep a palm tree watered for who knows how long and the trunk was rotting away.
    1
  63996. I don't recognize you without sunglasses. 😎
    1
  63997. Michal, what if you had a home built and moved into it 2021, would you still anticipate a higher tax bill to come?
    1
  63998. I want to buy my dream house in the Palm Beach area in 2025. I hope the market will be in favor of buyers!!
    1
  63999. My greatest concern is that 2024 is election year and so the economy will get juiced. If people pile in then in 2025 they may get seriously burned.
    1
  64000. Older people understood working and being self sufficient is how you earn things this new generation just wants handouts and cry about capitalism and the environment screwing themselves our younger generation is falling for the government will help you crap.
    1
  64001. Happy birthday to your wife ! Great content as always, Michael .
    1
  64002. Good overall, analogy there, Michael As far as Sirius XM radio. My son just purchased a truck used Had Sirius XM radio with it. he opted out of it. Because it's kind of a luxury item. And he's looking to save money and I think that's probably why sales are down .🤔
    1
  64003. Hope your wife had a great birthday she did a great job picking the getaway out
    1
  64004. I wouldn’t be surprised if the current administration comes up with a mortgage relief plan for those having trouble making payments. VP Harris needs those votes.
    1
  64005. If I have the math right. so , half went to purchase cost, insurance, loan payments until sold, total reno (1/4), and then , maybe 1/4 of price as profit. I don't see how that is really unreasonable. 🤔 Yes, that's a lot of money. However,that was a lot put out by him. Just as you were saying , people want turn key and not DIY. 25% profits from a business is right on track by business scales.
    1
  64006. Is that home owner on crack? He bought the home March 2021 for 1.4 mil. then 7 months later listed it for 3.9 mil. after no one wanted to rent it for 45K/month, talk about optimistic.
    1
  64007. dude that was hilarious. good video. yup market's crashing hard
    1
  64008. Facebook is full of ads for 2023 cars they can't sell
    1
  64009. Keep showing prices.
    1
  64010. Well, summer vacations are over, so it's not surprising that AirBNB has many open listings.
    1
  64011. Rent control is not the solution either. Just take a look at the cities that have gone that path. Smh
    1
  64012. like the mid century homes there ...but have to look at the high rises in the back yard and a ego monument next door
    1
  64013. Michael it’s for example, the printer don’t cost much, it’s the dam ink cartridge
    1
  64014. How do you think 401K's will hold up during this endeavor? This is the part that scares me the most. I grew up with pensions, not this 401k crap JW Bush signed us into. Which is now controlled by robot traders in the stock market. I personally think with the BRIC nations starting their own currency, we have BIG problems coming, and with the collapse of our banking systems. YouTube
    1
  64015. From CA you are so appreciated
    1
  64016. It is like u can't win. Rents is very high today. An food is just as high as rents.
    1
  64017. Well Done …THANKS!
    1
  64018. Happy birthday and congratulations for all you did 🎁
    1
  64019. I'm watching the market deny reality, double down on insisting that the Fed must drop rates. Like everything else - persecution of political enemies, media lies, the Jim Cramer effect - it really seems to be working more than it should. Is that just a temporary phenomenon? Because it looks to me like the Overton window just gets pushed and pushed with no pushback from reality.
    1
  64020. I live in Pembroke Pines, Fl and the prices are so insane for a dump it is mindbogg;ing. They have to come down!
    1
  64021. Why is that, because the macro sucks.
    1
  64022. Apples are 2 bucks each NOW brother!!!L??
    1
  64023. Hi Michael Im Charlie , i like your channel and I watch your videos everyday. I lived my whole life in CA and moved to Hollywood Beach FL in 2020 I would like for you to mention to your viewers on the next video that the weather in Southern CA, specially in The San Fernando Valley, isn't what you're experiencing on the coast, you keep saying you love the weather there but the coast doesn't represent the regular people living in regular places, take a little drive to The San Fernando Valley on the other side of the hill and experience the weather there, the coast is only for a privileged few You must stay true and honest, the weather in Southern CA is extremely hot and never rains Believe me I lived 53 years there and the last 30 years in Simi Valley Now super happy in Hollywood Beach literally by the beach and loving every minute of it I turned my son into a Bordenaro video watcher and he's loving it , he just finished residency and now has an MD job in Panama City Thanks for all your research and valuable real estate and economy information Keep up the good work, we love it, but get off the coast and go where the common folk live, and you'll see it aint that rosy, Ive been to Manhattan Beach and Newport Beach and Laguna 10000 times but that doesn't represent the common working class dealing with extreme weather in The Valley Enjoy your vacation with your wife and thank you again Michael !!!
    1
  64024. Foreigner's? Who cares if they get hit. They invested to get rich. Let them take their hits like any other investor.
    1
  64025. I've read the average net earnings for a McDonalds franchisee is 5-7% of sales. Annual sales are between 2 to 3 million. They take home about 100k plus to less than 200k on average. That's why franchisees on average own six restaurants.
    1
  64026. Excellent advice.
    1
  64027. For $177 million you could possibly buy enough political will to change zoning to ALLOW tiny homes , that would solve the home affordability problem real quick
    1
  64028.  @MichaelBordenaro  I’m not a motivated seller. This just pushes me to get the house in better shape. I’m still the cheapest house in a very affluent area. No one here is dropping their prices. I don’t have to sell but I wouldn’t mind moving where there are less liberals. 🙂
    1
  64029. Any floods like fort Lauderdale by u
    1
  64030. Real estate investors who GOT GREEDY are going to get crushed in this downturn, worse than 2008. If the central bank changes course and Prints more cash, then we’re going into HYPER inflation. Why I just buy (and Hold) Bitcoin.
    1
  64031. Good information, thanks!
    1
  64032.  @MichaelBordenaro  Please place a note on those expensive rentals and let them know I will house-sit. I have a dog and I won't do any cleaning. 😄😄😄🐾🐾
    1
  64033.  @MichaelBordenaro  Always enjoy your videos, Michael! :-) It will be interesting to see how long these houses remain empty, or decrease in price, before they are able to rent them.
    1
  64034. Just trucked SB on the 15 thru SLC UT tonight, and there's a billboard for 'Home Equity Line of Credit'! 🙄 ... Who in their right mind would borrow money out of their house right now, let alone lend money for that???
    1
  64035. Great video
    1
  64036. Don't tone it down. Just tell it like it is.
    1
  64037. Here in fort myers some manu home owners pay $1000 a month in land rent and landscaping. this is outragious
    1
  64038. I have a home in NE Colorado (green valley ranch) and homes are at an all time high, my neighbors just listed their home and are buying a new built in Aurora and from what they tell me they got a good deal, it’s made me consider selling but I don’t think I want to since I’m about to be debt free🎉 yay!!! Cashing out does sound good though 🤔 what to do what to do? Any thoughts
    1
  64039. Thanks!
    1
  64040. FEMA funds have been diverted to illegals. Remember that when you vote. VA funding too.
    1
  64041. I totally agree Michael I don’t trust this government at all!
    1
  64042. my public zestimate is 550k. my private zestimate is 780k. what's up with that?
    1
  64043. You’re describing a shell game. Just like what the Federal government goes.
    1
  64044. All the fed has to do is print more money, and they know it. But we have to be convinced we need to keep paying taxes to keep ourselves broke, when they can just print the money! Don’t have a fix for that.. Secondly, no one should have been living beyond their paycheck, their means. It will probably take decades to get thru this, but, who knows..everything is a lie.
    1
  64045. Gdp growth is going to fall next year.
    1
  64046. I like the Pacific ocean better it's the biggest ocean and the deepest nothing to compare not even Atlantic ocean
    1
  64047. Guess what? A woman who sold the site for the World Trade Center in downtown, actually got the land by tax deed. I don’t know how much she paid for the tax deed, but she made a fortune from that small investment 😅
    1
  64048. Michael Bordenaro 1st to do the walk and talk😊 Now Alex Cristofaru from The Duran Vlog to also do this in Greece😅. People see a good thing and are being influenced by your great Vlogs 👍🏽 👌
    1
  64049. I built my dream home in Texas, but fortunately kept my home in Marin just in case. Needless to say, I’m enjoying the summer in Marin. Every day since July 1st has been perfect weather. I’m looking forward to returning to Texas, when the weather is bearable in November.
    1
  64050. Thanks Michael for alerting us we believe you're absolutely right on all fields
    1
  64051. Good video Michael
    1
  64052. Foreclosures have been held since covid. In a typical yr they make for about a million homes on market. What will they account for when they come to market finially?
    1
  64053. Leaf Blower Man (with the large "L" on his costume's chest) took his vacation the same time as you!
    1
  64054. Please continue showing all the ridiculous property pricing....will be great references when everything tanks.
    1
  64055. Nothing will make me move out of San Diego. The Midwest? That’s why it’s expensive here. I am hoping prices to go down so I can buy.
    1
  64056. Congratulations Michael. You deserve it. I like seeing some of your guitar collection. I like seeing those old Florida homes with just a few improvements. Nothing too flashy.
    1
  64057. Who wants to set down roots somewhere for 30 years ? 😂. That lifestyle is dead. It’s a lifestyle choice for sure. I own homes and investment properties abroad in countries where “the dream” is more easily attainable. I’m a single guy and don’t care about putting down roots in Miami. I value flexibility over stability. Let this market crash and buy as a short term investment only.
    1
  64058. Thank you for your continued update. In Ocala, my wife and I would like to buy a single family home for investment however the numbers are too high. Waiting it out.
    1
  64059. Not all tech workers are the same. You must have discipline which most do not.
    1
  64060.  @MichaelBordenaro  But there's Always Next Year !!!😝😝😝😝
    1
  64061. Yes!! Make a video from a boat in the canal!!!!!!
    1
  64062. traditionally big money should be parked in treasury bonds.
    1
  64063. It will get rented by someone who could have some say in employees in their company getting raises but changes their mind and keeps their own interests first
    1
  64064. Do you trust the goverment at all? Do they have your best intrest in mind? What's wrong with this goverment?
    1
  64065. Your comment "who's going to be left" is spot on.
    1
  64066. Recession is already here, look out for a depression. How many times have their predictions been right? Zero.
    1
  64067. Do you think we under corruption. They want tax and control
    1
  64068. Squirrels shots are amazing!
    1
  64069. Is he exhibiting a chicken little mindset? The dude's just spitting facts calm as can be. I don't know what you're watching.
    1
  64070. On the condo reassessment fees; shouldn't the HOA have some kind of slush fund? Surely they don't spend 100% of what the take in. There has to be some accountability for the HOA.i may be wrong, but I feel like this should be their problem
    1
  64071. Nice man cheaper houses that are not ghetto
    1
  64072. Zillow and Redfin, are the guilty parties and reason why the real estate has become so expensive. Many people use their valuation software that is a fraud and does over evaluate property prices. I know 4 people suing them, because they claimed the prices where XX, and could no sale for that money, so they are suing Zillow for fraud and over evaluation of their properties. Wake up, we do not need Zillow nor Redfin, they want to make money at our expense. They can go get a real job like all of us. I believe that building, its been build by Terra group.
    1
  64073. Im interested to know, who makes those shades? What’s the name of the brand and model?
    1
  64074. Great funny video! Because it’s true!! They all have Mercedes BMW or Audis!! You have to have roots in the Bronx or Queens.
    1
  64075. The USA lost the trade war so now the USA is preparing for war against BRICS
    1
  64076. Similar here, western NYS.
    1
  64077. You don’t sign up to be a firefighter to get student loans payed. What a weenier . Firefighter is a calling. Yes I am a retired FF. Love your channel. Def struggling with my young adult kids. Things like opportunity are far harder than when I paid for college with my paper route.
    1
  64078. WOW ‼️
    1
  64079. This is the biggest banking crisis...so far. Don't worry. Our government won't reel anything in. Won't punish, or regulate or do anything to prevent this from happening again. So we'll see this repeat again in another 15 years or less.
    1
  64080. Thanks
    1
  64081. Nice guitar work my man, keep the videos coming!
    1
  64082. Floridians make sure you have replacement cost policy for everything on your property
    1
  64083. I had that owner finance
    1
  64084. Dont sell this beauty!!! You will regret it!!! Maybe talk with your dad about solutions!! Maybe he can take it for a while!!
    1
  64085.  @MichaelBordenaro  oh ok, I see what you're saying. That makes sense.
    1
  64086.  @MichaelBordenaro  go to Cozumel... n do some snorkeling
    1
  64087. I love your channel. It keeps me on track literally Lol. @michaelbordenaro
    1
  64088. Lmfao…. Clueless on EVs… Model Y the best selling car in the world is cheaper than a brand new…… charging infrastructure is not there….. you can charge at home…can you get gas at home?…. Lol…clueless… Thais is not going to age well..in 2 years you are going to get a tesla EV for under $25K
    1
  64089. Thanks Michael 👍
    1
  64090. Great job Michael!! Warnings are coming in now. Because they have to be able tell you "we warned you" after the fall. Of course they Never did any such thing for Decades, but Encouraged all the wrong behaviors en force. Now at essentially the 'last minute' they will say, "you were warned." So that way it's mostly 'your fault' and not theirs. As for complaints, Michael, people never hear the truth about anything anymore. So it's troubling to them, now. Anyway....
    1
  64091. Capitol 1 also reported high numbers of card defaults. Everyone’s stimi checks are gone. Time for the chickens to come home and roost.
    1
  64092. + $500 billion dollars in commercial real estate loans are due for refinancing in '24 & '25. Foreclosures will be like a Tsunami. Be careful.
    1
  64093. I believe what you say is true. Everything works in cycles though, and it may come back to a degree, but I don't believe it will ever be like it was because the middle class has been destroyed. The days where our parents worked simple jobs on the assembly line or at Kodak or a factory and could support the whole family and send the kids to school and buy a house and car, are pretty much done. Technology is a blessing and a curse and I believe it is mostly going to turn out to be a curse. I honestly think we might be destroying ourselves. After owning five homes over 35 years in South florida, we are more than seriously considering selling our present one and moving back up north. I hate winter, but I have lots of family and friends up there, I am afraid of the increasing threat of hurricanes in florida, and we will have a nice nest egg from the sale of our present place. No more buying for us, we can rent a two-bedroom fabulous apartment in my hometown of Rochester, New York with hardwood floors in a fabulous old building in a beautiful neighborhood with the planetarium and museums and art galleries and restaurants, for between $1200 and $1400 a month. And rents there do not increase like they do down here or other places like LA or san francisco. It will be a trade-off for sure, but we're no spring chickens and it's all about priorities. I think people need to change their thinking and not be pressured by societal so-called requirements like buying a home or a hot shot car, etc to consider themselves to be a "success."also when buying a home, people don't necessarily factor in the repairs and maintenance you're going to put in through the years. It can be astronomical and sometimes bank breaking. I have friends and family who have taken on gigantic mortgages and to me that is terrifying. What happens if they lose their job or their present gig where they're making so much money dries up? We have gutted the Earth, and in the future, if we survive, I believe people will be living differently, maybe even family style communes. Anyway, I'm rambling lol, but as usual you are spot on Michael.
    1
  64094. Not only should your investment analysis include those you mentioned, but also a buffer for the possibility that rents can drop, especially if the economy turns down and unemployment increases.
    1
  64095. Someone else may have mentioned this already but... that house in Pensacola was bought to be flipped. It's been redone and now listed at $399,000. Kudos to the buyer. But dang... missed opportunity.
    1
  64096. How about constructing smaller homes - like 2 bedrooms. No need for 5 beds, 4 baths?
    1
  64097. You are saying it right enough.
    1
  64098. Most HOA’s are nothing more than legal robbery 😮.
    1
  64099. Michael, It's only 3 degrees in Spencerport NY
    1
  64100. Happy 5 years Michael!
    1
  64101. My two guys together on one show 🥰🥰🥰
    1
  64102. Great info, thank you 🙏
    1
  64103. Fake Equity=Crypto Currencies! Value based on Hype! FTX, is the tip of the iceberg. Created $32 bil on FAKE value in 3 yrs! Same types of scams that ran rampant, prior to the 1929 Crash. Those that Don't learn from History, are bound to Repeat it!
    1
  64104. Great video Michael!… thanks for sharing this information!
    1
  64105. Just curious… what is the lifespan of a typical high rise building on the ocean? Or are we just now starting to find out? I just bought a unit in a 1962 building. It’s maintained meticulously and looks to have been built very solidly. I have noticed that some of the neighboring buildings, which were built some years later, have structural poles attached to the balconies and are undergoing extensive concrete restoration. 😮. Perhaps 55-60 years is the expiry date! Or longer if the build quality is good.
    1
  64106. Thanks!
    1
  64107. I noticed as you walk that the terrain is flat with no storm drains. Where does all the rainfall go?
    1
  64108. A lot of good tips. Did you mention subscriptions? Those can add up.
    1
  64109. It's the tides.
    1
  64110. beautiful couple I wonder if you get more views on this video lol
    1
  64111. I grew up on the island back in the 80’s, you took me back in time. Great video. You nailed it.
    1
  64112. Who pays 1.3 mil usdee, where the floods are going to be? LoL Great video, thanks!
    1
  64113. Solution - stop forcing electric cars on people let the market work
    1
  64114. Great insights into the economy and good advice.
    1
  64115. California has California Fair through the state.
    1
  64116. Not spending much and still saving,Life is managable if you are smart and just preparing for the future with cash behind Me as saving now gives a good interest rate so making the most of it.
    1
  64117. “Buy downs” are for idiots.. an adjustable rate loan? Being able to refi after 3 years isn’t a given… rates could still be high or you might not have enough equity to qualify. If you can’t refi your payment is going to jump big time! That’s a massive risk make them lower the damn price.
    1
  64118. Great video, usually critical on economic videos,but it was very good on the Palit, very well articulated. Excellent reasoning
    1
  64119. I can already envision is….you go to an open house, use an app in your phone to open the door. You’re met my a voice through a speaker or a robot that introduces you to the house and answers your questions. You leave, it locks the door and you never even interact with a real person. AI does up the contract, title work, insurance….everything. It eliminates the need for all the people, who hold jobs in the real estate market. Hope y’all are ready for it because it’s coming in every industry. Be prepared to battle millions of people on the unemployment line, battling for scraps, when it comes to jobs. The good news is AI can’t pick up poop in yards yet, so we’ll still be able to hire humans for that job.😳
    1
  64120. How did you get gray hair at 35 with no kids? LOL 😂 I had 4 kids by 32 and was a grandfather at 37. Different strokes, eh?
    1
  64121. In 12-18 months we will realize the full effects of the economic crash. Waiting for one large Technology company to come forward with its "dirty laundry" and file for bankruptcy. Remember about 60% of American companies are "Zombie" companies, meaning they are not profitable. That is a high number!
    1
  64122. the entire 'housing' market is ponzi scheme, completely broken, and about to unravel .. the idea of paying 1/2 a million dollars for a pile of wood, copper, and plastic on a mound of dirt is one of the biggest shams perpetuated on mankind
    1
  64123. Inflation is about the fed printing money during the so called pandemic, so lazy people could stay home and watch Netflix and eat fire cheetos.
    1
  64124. thanks Michael
    1
  64125. Only thing causing this market bubble is greedy investors passing it to each other within their crime circles creating bubbles and artificially inflating home values and then passing it off on a buyer. Even companies like Trulia and redfin are in on the grift. It's 2008 all over again except worse. Everything will be a bubble bust until corruption is fixed and the Fed is removed
    1
  64126. In the future there will be only rich and poor. The poor will be living on socialism. The rich will live off the poor. There will be virtually no middle class at this rate.
    1
  64127. only question i got is it gonna be worse than 08
    1
  64128. Something about %age commission seems off. Theoretically, an agent should work just as hard to sell your 200K home as he does another’s 3M home. I’m sure he wants you to think that. But I doubt he does. Maybe it would be better if agents were paid a flat rate for each property. I don’t know. It just seems a little ridiculous for an agent to receive 200K for selling one home.
    1
  64129. I’ve recently tapped into your videos, i always struggling listening to people giving information online as it never seems to apply to me. You being in south Florida talking about what’s going on puts things in a different perspective and I appreciate it man thank you. PS it’s been HOT AS HELL
    1
  64130. Hi Michael, how is that you can walk without sweating in that heat and humidity. :)
    1
  64131. Confusion reset! It's all a scam.
    1
  64132. I so wish Michael would come to Fresno, California, and do a video here. That way, you would all get a REAL LOOK at what Real Estate.. really looks like in California. Here, We have the best and worst of both worlds, all taking place in one reasonably existing City. Until he does, you're not getting the real picture of Life today, in beautiful California, lol. Good Luck Michael. You may not believe how a dysfunctional city actually Thrives and Dies, with happy happy news reports here each day 😅
    1
  64133. I’m curious with taxes and the cost of home ownership maintenance if the place wasn’t being rented out how much do you think They spent . On the house since 2011? Another mill maybe?
    1
  64134. Michael, one should say as follows: ...these people would have been evicted if it WERE not for these programs (not was). Subjunctive.
    1
  64135. I agree with your point of view. Hi from cuba.
    1
  64136. Hello Michael, i bought a smaller property in 10/21. Made offer same day at a price i was comfortable and told my realtor i was not going to participate in a bidding war. I got the property i think due to 50% down with excellent credit score. Mortgage was 2.5%. Decided to rent at a very reasonable price after my realtor worked hard. He received over 50 calls for the property. Tenant and i are happy with agreement. Long term holding.
    1
  64137.  @MichaelBordenaro  thank GOD! crazy as city man lol
    1
  64138. Thank God I have no debt. Modest home paid for. 21-year-old truck gets job done. No credit cards. VA med coverage. No serious health problems. BUT, fixed income (ret. & SS) declining in purchasing power. Do your best. God bless.
    1
  64139. They’re refinancing at higher rates because they’re trying to keep the foreclosure monster in check; why else😮🤔
    1
  64140. In palo Alto motor leaf blowers are band
    1
  64141. They're asking for $1 - 1.5 Million for those little properties!!? They don't look over $120K.
    1
  64142. @michael border. I REALLY appreciate the warning about debt but even more so the truth in reality because s*** does and WILL happen. What you want vs what you NEED are 2 different things. Spend wisely and live below one's means. Priceless advice. Thanks!
    1
  64143. I just heard today that the gov is going to pay downpayments for the illegals to be able to buy homes. Those loans will never be paid back!😮
    1
  64144. Things don’t go well true colors Michael
    1
  64145. Sue the county..
    1
  64146. im a realtor in the tampa bay area. one thing ive noticed about the listings here is that around 30% of the active listings were bought within the last 1-4 years. and when you look at new constructions homes built within the last 5-6 years, that percentage is way way higher
    1
  64147. the courts have BLOCKED biden's loan cancellation. it's now moot.
    1
  64148. I am absolutely not convinced a housing crash is coming. Of course, default rate is going to increase. It might even double or triple. Even then, it has never been so low. And banks are very inclined to extend loans duration. Also, owners would need to have 0 or negative equity in their home. If they have equity and cannot pay the mortgage, they can just sell at current prices. Interest rates are probably going down summer-fall 2024. Don't get me wrong, I would like for prices to drop, but tight inventory will probably prevent this. However, I do believe a housing price correction is going to happen. Just nowhere near a crash.
    1
  64149. I've been saving and working hard. can't wait to buy a house. bring on the crash/recession!
    1
  64150. The affordable housing crisis cannot be fixed . It took decades to get this bad.
    1
  64151. wonder if more sellers also bring down price and do sale by owner to cut out the crooks
    1
  64152. @3:44 You said the seller had not learned a lesson from the neighbor down the street..Yes you are correct. BUT, both houses have the same problem going on, and that is the agent are conditioning sellers to list a price. Agents condition sellers by talking about comps and the house should be listed at whatever the agent says. O yea, the seller has the final say in the list price, but the seller is already influenced by the agent. If the housing market in an area capitulated overnight by 75% the agent would still influence the seller to list at 3x what the house is worth.
    1
  64153. Michael..really like your videos but I have to disagree with you on this woman. IT WAS HER FAULT! The big mean real estate agent did not FORCE her to buy the house.
    1
  64154. Thank you for your interesting and informative videos. You are helping a lot of people with the information you share.
    1
  64155. Micheal Hi it's Barry from Virginia. I keep seeing you talk about all of these rentals for outragous rents. My only question is why in the world do people rent these. It would seem to me if someone can afford that kind of rent they could just go ahead and buy. What am I missing???
    1
  64156. I pay the equivalent of 350 dollars a year in my country. Americans are just being absolutely scammed at this point. Disgusting.
    1
  64157. I WISH YOU BROADCAST LIVE♥❤💚💜💙💛💗💋
    1
  64158. Heard mortgage rate dropped a lot ... right ?
    1
  64159. Michael, I don't know how you do these videos in the Miami heat. I truly enjoy them from my home office in Miramar with my a/c on 76. God bless you.
    1
  64160. Your channel is my new favorite!
    1
  64161. What would be the best financial advice for a 23year old who has about 25k saved up in today’s market?
    1
  64162. I'm now a remote worker - it's not my job to make sure local businesses have customers, I work to benefit my life. For those thinking "remote work will be shipped off to India" are wrong. Why? Because jobs have already been shipped out. If a business wanted to ship these jobs out to save money, they would have done so years ago. Not every job can be shipped out.
    1
  64163. The beauty of a hotel room is, if you find things broken and they can't fix right away, they'll move you to a different room.
    1
  64164. Apparently most of the average Joes in this neighborhood aren't so financially average anymore.
    1
  64165. Money is not "printed," it's borrowed into existence. The (bipartisan) stimulus payment money wasn't printed. It has to be payed back with interest. Stop saying money printing. The banks want you to blame the government. But how much inflation do credit cards cause?
    1
  64166. Baby boomers could sell their house, invest the money with a reputable finance company and rent a place instead of buying.
    1
  64167. I know plenty of first time home buyers that had money some folks like myself did not want a house yet cus I wasnt sure where i wanted to be now I know there are many reasons why ppl wait to buy.
    1
  64168. Thank you Michael for all the information 😃
    1
  64169. I really like your walk and talk!!
    1
  64170. My guess is that banks are going to start financing the buyer commissions with the mortgage loan.
    1
  64171. We will see 7% interest by the end of the year.. Prices are dropping now and will continue to drop 👍..
    1
  64172. Thanks for your input. 👍
    1
  64173. Paying stupid high interest for a "Depreciating Liability". You're losing on both ends just to impress people who could care less.
    1
  64174. I was one of your viewers to bring up the capital gains tax. Part of the reason I'm not selling my home is because of it. Own a place worth $500,000, owe $200,000. 4% interest rate. I'm part of your "golden glove" crowd.
    1
  64175. Great video loved it
    1
  64176. The young are the ones which will get burned as they don’t have history or read. It’s all smoke and mirrors.
    1
  64177. I see an open house in Orlando this weekend and the agent advertised he will have tacos . Free lunch at the expense of the seller. People will eat the food but not interested in the house . People scan open house ads for free food and make tik tok videos on these free food open houses
    1
  64178. This is exactly what happened before the last crash. Excellent info.
    1
  64179. Mike, you are going to be a national business news big time star. But you are doing everything you can to screw it up. You are charismatic, well spoken, funny, and soon to be on every business news channel there is. Stop plugging ads during your daily walks. It makes everything you say illegitimate. Your "base" believes what you say, dont lose that for the quick $. You, whether you believe it or not are worth more than that, regardless of an agent. YOU WILL GET THOSE BIG TIME SHOWINGS BECAUSE YOU TRUE. I shouldnt have to tell this to you, you know. Anyways good luck, I'll see you on MSNBC or FOX BUSINESS i guarantee 💯
    1
  64180. 10X since 1985, but really, it's not worth $5m, smdh.
    1
  64181. Stay safe! Ft. Lauderdale is completely flooded out! LOL everyone in that mall is using a c.c.
    1
  64182. Freedom Premium.
    1
  64183. I want to thank you for 5 years of insightful real estate news, common sense, and the TRUTH. Too much deception in the real estate market from the media, realtors, lenders, and uninformed politicians. You are my daily dose of reality for my real estate business.
    1
  64184. Not a bad deal for people who make 20k a month
    1
  64185. Averages and middle values work that way! A billionaire buys 5 multi- million dollar homes, that tends to move the needle. Everyone else is just coattail riding hoping someone will buy.
    1
  64186. It’s just starting
    1
  64187. Michael preaching at the 12:40 mark is sheer honesty brilliance, thanks for the video
    1
  64188. I am no longer supporting Airbnb. Not only are they hurting the housing market, any and everyone thinks they have what it takes to be a host. The last one I stayed in was obvious that it had not cleaned between guests. Then when we complained about it to airbnb, the owner started sending us passive aggressive messages. We ended up cancelling the booking due to the overall filth that we couldn’t get over. We had to fight tooth and nail with Airbnb to finally get it refunded even though we had documented proof of the state of the booking when we got there. We ended up going over to a hotel which was not only cheaper and CLEAN, but had breakfast. I’m over Airbnbs.
    1
  64189. Phx is getting an 8% tax CUT. Everywhere is diff guys. The sky is not falling, check your target city, and thats a DUH statement. You always do this.
    1
  64190. ❤Jack!!
    1
  64191. Indian scammers??? Nooooo, really?! 98% of the times that I get a phone call and it's someone with an Indian accent, it's a scam.
    1
  64192. They bought the LOT… For a Maga Mansion
    1
  64193. People have money until they haven't, which is soon. All at the same time.
    1
  64194. renting an expensive house @1% seems like a stretch. more like 0.5% or less.
    1
  64195. Coolest couple, thanks for telling the truth
    1
  64196. Happy birthday Mrs. Bordenaro!
    1
  64197. "dont worry Bob, you take the 5-1ARM now, and after the rates pull back a little we will refinance you into a low fixed rate. By that time you will probably build some equity, and we could probably do a cashout, if you want!"
    1
  64198. Fake news but if a Republican was president you would see the opposite headlines Btw love your videos …..All so true ……your not the fake news lol
    1
  64199. For the love of GOD
    1
  64200. Michael, architectural steel houses now look pretty nice and can be built for almost the same cost as wood frame construction. I would still prefer cinder block with brick although steel looks pretty good these days and will neither rot nor burn 🔥 You would think California has the money to afford cinder block and brick.
    1
  64201. It's NOT safe to park cash in bank now since many banks are at risk of failing ... it's a catch -22 situation... bcz I wouwht
    1
  64202. "Mentally ill"! "Delusional"! "Psychosis"! You're throwing down the gauntlet in this video! Love it. People are truly off their rockers.
    1
  64203. Things that make you say hmmm 😂
    1
  64204. I don’t think too many buyers who bought in the last year with mortgages will have buyer’s remorse. Due to interest rates being 100% or more higher now than then, those who bought then have monthly payments that are still considerably lower than they would have been now. They may have paid more, but if you have to get a mortgage now, it’s doubtful you’ll have a better monthly payment deal than those who bought 5-12 months ago. Interest rates are the key factor for most buyers. Keep an eye on them.
    1
  64205. Oh Michael, you sound so 2008🤣
    1
  64206. Michael I also known as Don Johnson Jr is throwing truth bombs I think we all need to hunker down for a spell of bad shit.
    1
  64207. Happy birthday, Lizzie!
    1
  64208. Do a video at coral castle.
    1
  64209. I’m surprised to hear you bought your condo in February despite your foresight into prices coming down in the near future. What made you decide to buy in February? Catching the low interest rates before they went up? Right deal in a hot market?
    1
  64210. Credit Suisse is not going bankrupt. They are trying to replace their low interest rate mortgages with higher rate mortgages. They are picking low hanging fruit with this offer and out of thousands of mortgages, some will take the offer, believe it or not.
    1
  64211. Taylor Swift, became a 'Billionaire".
    1
  64212.  @MichaelBordenaro  I think we may a small correction, but I believe your pandering to other regions..primarily west region of country. I saw the collab you did with Reventure Consulting last week. He seems to be heavily invested that the sky is falling! Lol
    1
  64213. Always on those nice walks man. Thanks for the information.
    1
  64214. Do they charge a fee to cash out?
    1
  64215. I like this………………..
    1
  64216. Agree with you Michael! Government is destroying our economy and we think they are experts. The middle working class will disappear soon if they continue playing this game with us.
    1
  64217. Five dollars for a meal. Sounds like horse meat to me.
    1
  64218. The national debt is a scam man....
    1
  64219. Very informative. (and interesting) material you present. Thank you!
    1
  64220. Born and raised in Florida and lived all over. These are good suggestions however, a bit West Coast heavy. There are many excellent options in Central Florida, and the Treasure Coast and Space Coast as well.
    1
  64221. Thank you Michael and Nick for a great and informative video.
    1
  64222. If you are healthy, have someone you love, have a roof over your head and food on the plate every day, then you have no reasons for regret. "Could have. Would have. Should have." is for unhappy people
    1
  64223. 30 years underwater yeah that's why insurance companies and elites have no problem buying them or insuring them. Remember they put in a president with dementia stop listening to them.
    1
  64224. Greed is a ugly thing to witness.
    1
  64225. I don't see median houses falling very far. Just got another bump in ownership costs due to insurance company quoting my unit as $75k more to rebuild. $300k for the quad. Maybe the realtors can get jobs at insurance companies
    1
  64226. Thx Bro, you got a really nice wife. Happy Birthday to her! About the digital price tags. They should also indicate the time.
    1
  64227. Thank you Michael 😊
    1
  64228.  @MichaelBordenaro  I hope so 😬
    1
  64229. Giving people more money to fight inflation.... let's be honest... this is all on purpose. Savers are directly being robbed.
    1
  64230. Mainstream experts are BS. They get paid for beautiful reports that get home buyers in trouble!
    1
  64231. You are right on what is going in Florida.
    1
  64232. Beautiful beach walk! You are blessed to live in Miami! You do feel like our friend, Michael! We appreciate and enjoy listening to your tips! You always give great advice!
    1
  64233.  @MichaelBordenaro  We are glad for it too! 🙂
    1
  64234. I've been a R.E. Broker/Agent for 40 yrs, and watch your videos daily. I suggest that you speak to an informed R.E. Atty. in Fla. about giving legal advice, as an agent or broker. Your R.E. advice about interpreting contracts, could be construed as such. CYA!
    1
  64235. Love the sound of the bugs as you walk around
    1
  64236. Michael whatever you need to DCo , do it there will always be people who cannot handle the truth
    1
  64237. The dynamic duo!!
    1
  64238. We don’t need more section 8 vouchers. We just need places to live that don’t have granite countertops and a pool or a clubhouse with tennis courts.
    1
  64239. Thanks!
    1
  64240.  @MichaelBordenaro  I’m in the Cocoa Beach area. I’ve bought and sold properties over the years in addition to my regular employment. I now own my home and own a condo that gives me additional income. I did invest a little in real estate. Plus my retirement accounts. I am blessed. Thanks 👋🏽
    1
  64241. Bitcoin fixes all of this !
    1
  64242. 👍
    1
  64243. I plan to buy Philip Morris stock for great dividend pay.
    1
  64244. Nice to see you without sunglass..🇨🇦🇨🇦
    1
  64245. Where are you getting this info from regarding Facebook and the reason for layoffs 🤔 yes it’s been made clear they are going to be laying people off but it’s a stretch to say you know why, when you really don’t 😅
    1
  64246. state farm ceo.....Tipsord's salary of $2.4 million was 14% higher than his 2021 salary of $2.1 million, according to the filing. His bonus of $21.9 million was slightly below the 2021 bonus of $22.4 million.
    1
  64247. I looked at a house the other day that sold for $88,000 in 1988. If you adjust for inflation that same 88K in today's money is supposedly like $236,000. I wish. The home is priced at just under 700K and it's going to sell.
    1
  64248. HEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL NNNNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!! I want no tent or bum on my lawn, my property or neighbors one!
    1
  64249. I’m with Michael, I don’t think the Fed will lower rates this year. We are in the minority thou.
    1
  64250. What happens when grid goes down like after Hurricane or over in TX?
    1
  64251. Really glad I found this vlog. Learning a lot
    1
  64252. 16:30 Floridians don't like to make full and complete stops.
    1
  64253. Thank you for that list of do’s and don’t. Makes perfect sense.
    1
  64254. Politicians will lie and gaslight as much as it takes to get reelected -etc
    1
  64255. Long video is more commercials yay
    1
  64256. Another reality of the Pandemic era. Not only did many people choose to not paying rent when they actually could have, but (as I'm sure we've all heard) these same people were buying new cars, boats, going on vacation... Now many people are not only getting evicted, but now they won't even have a car to live in being homeless as many now are, or soon will be.
    1
  64257. Nice to see you in pleasant weather- ours in Maine is NOT
    1
  64258. How easy is it to sell a condo that is 60 years old?
    1
  64259. very low inventory
    1
  64260. I'm with you Michael. All of financial coddling by the Fed has caused Trillions of Miallocated Capital. Proof in Point is the large number of Zombie Companies related in the last 20 years. The Govt. Bailed Out Big Banks in the 2008 crash
    1
  64261. looks like Redondo beach, might be a beach town that time has forgot , might have street parking ,old beach homes that takes one back to the 1930s-50s , ck out san Mario Huntington library ,old money homes .same with the nicer areas of Pasadena , my fav beach towns ,Del Mar, laguna beach or Coronado if I could choose id be on a beach on the baja coast or the outer banks of NC if I wanted to live cheap near the beach
    1
  64262. From the same people that brought you 2 weeks to flatten the curve, inflation is transitory, there will be no financial crisis in our lifetime, 4.9% GDP
    1
  64263. 40 years should be illegal
    1
  64264. Faking the fact that the economy is really sputtering is not good for anyone. It makes the inevitable crash so much worse because no one is prepared. It's so funny that we have to be told we are in a recession or not when we can see it. I think they could tell us anything and our dumb asses will believe whatever they say.
    1
  64265. The housing market is broken. Most people are broke. Lots of bad behavior. I rather have higher interest rates, live overseas, and not using my money to reward bad behavior ... sellers - brokers - indebted buyers ... it really needs to collapse 💯💯
    1
  64266. Beautiful
    1
  64267. I live in Fort Myers Florida and I agree with you totally $25 for 2 hours is way out of line but that's how everything's getting in Fort Myers rent has gotten ridiculous
    1
  64268. This and your other video are solid lists and I like your approach! I've been around the state for 26 years. In Naples now, definitely agree that the night life is weak. Winter Garden and Mount Dora are worth a look if you like towns with character like St Augustine. Smaller scale
    1
  64269. Michael I think u will move to CA soon
    1
  64270. Why give up low rates? Just to escape California!
    1
  64271. Hit the LIKE for the scorching Heat 👍👍
    1
  64272. Those foreign buyers are in the money laundering business.. watch out for that
    1
  64273. This whole shitshow was created by easy money loans, government programs that help you but not help you because you couldn't afford it in the first place. If you don't have 20 percent down and a 680 or higher score you don't qualify. Simple. The foreclosures are starting and they will pick up momentum and I'm joining the billionaires buying this shit up with a lot of cash, just on a smaller scale. Plus I'm a 40 vet of construction, new and remodeling and can buy shit they won't.
    1
  64274. 😂😂😂 I can't imagine living in a building full of vegetarians. 😅😅😅
    1
  64275. Every single thing is more than it should be. Even medical. Same thing but charge more. Surprise bills. Little mad money left. Just go out eat once in awhile. More meals at home. Less going out on weekends.
    1
  64276. I don't hear anything you cover as negatitive- it's more informative regarding what is going on & where we might be headed - I really like it & I think you are educating a lot of people- Im not an expert on any of your topics so it's really interesting to hear what you have to say based on all your research & statistics & you have a gift for gaining people's trust- I've never felt like you have an ulterior motive or are trying to take advantage of anyone which is not the norm with most of the internet In my 33 years of purchasing/inventory management job I always had to plan on 2-3 things going wrong in the supply chain - price/quality/ delays which meant I was late & we ran out of product. So either the owner/ management was upset with me or the shop/ production was mad If I got caught up in the drama I was more likely to make mistakes- I was less efficient second guessing every decision I made I was still positive - we had 98% of everything we needed which was really hard to do. So I would listen to the complaining but had to keep it in perspective based on how many good decisions I made compared to the few mistakes or things that were out of my control Anyway, I could tell you were an optimist- counting your blessings even though you report on some pretty challenging subjects If you did want to satisfy the folks who need something fun at the end of a video maybe something you are thankful for- your health, marriage, someone you helped or that helped you, charities you like, something fun you want to buy, wisdom you got from your parents growing up, something dumb you did but they let you off the hook, etc Thank you Eric
    1
  64277. Same in Germoney. Except we do not have any oil or gas here.😂😂
    1
  64278. Michael! It's almost Friday 🙂 Lisi🤗💟
    1
  64279. @0:02->0:08...beautiful mansion, my dream house:face-red-heart-shape:..Michael, seen u got a new haircut...
    1
  64280. Thank you Michael 👍😊
    1
  64281. Yes indeed! We are in a recession. Inflation will continue too!
    1
  64282. Realtors will not quit in mass they’re getting fired. They have no job as nobody wants to sell or buy real estate these days
    1
  64283. And there's other states where they have common sense when you get to 65 you don't have to pay property taxes Georgia is one of them I don't know the others but there's quite a few
    1
  64284. When I go it will be enjoy my money like I enjoyed making it.Good Luck !!! 🤑🤑
    1
  64285. You’re always spot on !!
    1
  64286. Happy Birthday 🎉🎉🎉🎉
    1
  64287. Always informative. Thanks for keeping us up to date.
    1
  64288. How are the poor people going to take advantage of this new Home loan law? They are going to kill the hard working stiff.
    1
  64289. Good stuff Micheal! I came across your videos a few weeks ago and I just started binge watching while I work. Appreciate your insight and knowledge! Here’s to the next 100k! 🍻
    1
  64290. Michael when you say that 28% of your income can be used for a house payment does that number include monthly taxes and insurance too?
    1
  64291. Last year fraudsters got My business checking information They created a fake check using my name my old address and my business account They 2 check One in the amount of $9500 and $8500 It happened during Christmas 🎄 lucky My bank give me back the money Now I use credit card to pay instead of writing a check
    1
  64292. Low interest rates allowed more people to be in the market for homes they can't truly afford. Simple as that.
    1
  64293. Can't you find out if those homes were purchased by corporate or private entities ?? Interested persons can get Florida property tax records by querying the county appraiser's office. Many offices provide an online property search page that the public can use to perform remote searches
    1
  64294. My sister and her (now passed) husband were looking for an affordable snowbird option a couple years back. Hotel/ monthly rentals options were better for same or way less. They initially were looking to buy but saw same issues covered here. It's obviously obscene taking advantage of old/ credit iffy/ and financial illiterates. No one with options, and due diligence, would have picked Florida's lot rentals options for the past decade or so, from all appearances to me!
    1
  64295. There pumping prices So the government can make there tax money revenue they keep printing It’s a slavery You don’t own anything in America It’s leased by the government at a fee of labor for 40 years then your left with old age and misery
    1
  64296. Much better videos less is more
    1
  64297. It's all fake. GDP reflects transactions, not actual production. Smoke and mirrors.
    1
  64298. And now dealers are dropping used car values on trade ins....its no coincidence. Gotta be kids.
    1
  64299. Nice seeing Brandon in this video! You're both people I actually listen to when you speak 😂
    1
  64300. You walked by my old parking spot 🥲
    1
  64301. Yup
    1
  64302. and who is to blame for the economy being so bad ,,seriously whose fault????
    1
  64303. Everything was fairly ok about 2 1/2 years ago, what happened........
    1
  64304. I think they will bring inflation to the point where nobody can afford anything anymore and then they will give them an option to forgive all debts in return for accepting digital dollar with quaccine requirement attached to it.
    1
  64305. There not gouging dude. They are strategically playing inflation. They will raise too.
    1
  64306. I feel like that I'm watching an episode of Miami Vice.
    1
  64307. yes !Q!! 101 SMART we all get 101!
    1
  64308. Financial literacy was removed from the education curriculum in 1904. The Rockefeller’s did not want people understanding finance. The same reason they funded womens liberation movement - to bring women in as taxpayers and break the family nucleus so they can indoctrinate the children - look at the rise in dual working families and the divorce rate. They succeeded but will not win.
    1
  64309. Affordable? Not in my book historically in Florida. Bottom of GFC this would be $165k ish
    1
  64310. I just purchased $40,000.00 in physical gold and silver.😊.I don't trust the dollar or this sick country.🤗
    1
  64311. What road trip are you going on?
    1
  64312. If you are not a citizen why can you buy land in the U.S.? I say ban all countries from buying residential, commercial, and farmland. They drive up prices for U.S. citizens. It's crazy China can send over kids to go to school here and steal U.S. intellectual property and report back to the Homeland. Meanwhile, rich mommy and Daddy own property and never come here. Ban all foreign buyers.
    1
  64313. Silver just hit 32 and climbing fast.
    1
  64314. The small house shown in the video ($20K mo rent) is in Miami Beach not in South west Florida, but it doesn't matter, it's South Florida, a market full of speculators (so called investors) and where the same behavior from the (2004 - 2008) years is repeating all over again.. And yes, they live and breathe in another world , the world of who can we rip off as soon as possible.... The bankruptcy and foreclosure lawyers are already sharping up their teeth as they prepare for the next feeding frenzy,.
    1
  64315. Regarding renting vs buying I think you forgot an important aspect of owning property "According to US News and Freddie Mac, homebuyers should actually budget up to 4% of the property's value in annual maintenance costs. That's $12,000 for a $300,000 home or $1,000 per month. ". So if your property value goes up by and average of 3.6% you'd actually be losing money/ On the flip side if you don't maintain your property you'll not get the price that you expect.
    1
  64316. 20 an hour is good wage.try working fast food in today's world of unending online orders coming in,etc.the millionare owners will have to reduce there incomes to compensate.
    1
  64317. Whoh, is that a new camera? The video quality is... weird. Like a "soap opera effect."
    1
  64318. 20% discount/apartments - Denmark
    1
  64319. "Freddie May" sounds like a rock promotor--"Freddie May presents--ABBA--The Comeback Tour!"
    1
  64320. $9,000 a month rent….lol Insane
    1
  64321. Robinhood is being acquired by a crypto company, it was announced today..........
    1
  64322. I concur michael.....the mania is everywhere...Have your read the madness of crowds and other popular delusions?.... human nature never changes
    1
  64323. October’s Christmas 🎉! Lol
    1
  64324. You'll only lose if you sell. And for those who overpaid for property, you may wan t sell now if you can. Personally i dont wish anyone to lose , but I am also hoping pricing keep falling and falling . It creates opportunity. Best time to 2x , 4x and more your wealth is it times like this. When rates come down or begin to drop over the next 12 to 18 to 24 months, prices will be where they belong and affordable for many again.
    1
  64325. It makes you wonder why anyone would then live in central CA. If you are already far from the beach and also have the more extreme weather because you further from the ocean, why live there when you can simply live in Nevada. I know many are fleeing to NV but after really thinking about it and after telling that guy's story, you'd think it would be many more.
    1
  64326. Mcdouble, mchicken and a large fry was almost $11. Im done with it all. Taco Johns is the highest for what you get.
    1
  64327. A recession is two or more quarters with negative GDP growth. It's a pretty standard definition.
    1
  64328. As 18 years realtor totally agree with you. ✅️✅️✅️
    1
  64329. Once again enjoyed your video. Your haircut looks Great Too!!!
    1
  64330. Once again, Michael, you hit it on topic!
    1
  64331. You are not broke , it's all in your head. Sure ! Remember those 12 millions "new" jobs, well they are mostly part time. And people have two part time jobs because they can't get a full time job that pays decent.
    1
  64332. Why would anyone be penalized for paying off their loan early??
    1
  64333. Im from London and i love your shit
    1
  64334. These condo laws are unconstitutional , and the reserve causes are ripe for fraud . Do you think a Reserve Clause requirement for repair to be done in 25 years make any sense. There will still be a special assessment even if the a general Reserve Fund, because the whenever that reserve fund money is use ,, has to be replaces. If in 5 years if there is a project . yes the money will be there but even own will still get a special assessment to replace the monies used. The reason repair are not being done have nothing to do with Reserve requirements ... there is no legal protection for the owner from the Board , these reserve fund are under the 100% control of the Condo Board and they are not professional money managers and there is no government regulations ...You should not have to pay now for Repair to be done 10years from now , That is insanity ...These laws are unconstitutional...what if they did the same for single family homes or Hotels or Apts ....these law will ruin the condo market , which is the affordable option, Can you imagine the govermnet regualtuin repairs in people homes like storm window , the goverment tells you you have to replace your roof ...This is after all private property . Keep the government out ,,this is hot mess
    1
  64335. With all due respect Michael forget the ideas. We need them to show us through action. Talk is cheap.
    1
  64336. Dont forget mortgage interest write off
    1
  64337. Americans are OK with all that they are still going to continue voting for the candidates that don’t support America watch November 24 who is going to be an office.
    1
  64338. If prices don't drop I'll just have to save. I shouldn't pay both high price and high rates.
    1
  64339. I don't own a home I pay rent to people who provide me housing. If I owned a home life would be good.
    1
  64340. I CANT BELIEVE IT! Our last house sold for $452000!!!!! 1007 23rd st San Bernardino CA. 1942 3 bed 1 bath. I'm so surprised, and the new owner is freaking lucky they were able to get out with a profit in an area like that. Is San Bernardino the new L.A or something? What gives!
    1
  64341. So True! I BELIEVE this will be another set UP!
    1
  64342. Awesome Metallica fan ! 😆
    1
  64343. I want to get a used tesla i live offgrid and can drive it for free I just like cash in the bank more right now lol. No debt
    1
  64344. This case is going to get overturned in the appeals process everyone relax….This decision isn’t helping anyone but the greedy lawyers and probably corrupted judge involved trying to get a big payday
    1
  64345. Ken Pozek’s YouTube channel about the Orlando RE market seems to present a far more optimistic outlook than you do and indicates healthy current RE conditions in Orlando..including appreciations of 5% in the next 12m. What are your thoughts?
    1
  64346. Clown world kool-aid
    1
  64347. The housing reset is a slow motion train wreck, no major event needed. As buyers are approved for less money due to high interest rates, they will make lower offers, which will eventually impact comps. Because of all the stimulus money in the system, I wouldn’t be surprised if this cycle takes 10 years to hit bottom rather than the quick 5 years we saw during The Great Recession.
    1
  64348. Great investment if all of these are satisfied: 1. You can pick a building where the land is sufficiently valuable to get you a big buyout. 2. You can afford all of the assessments that will likely occur before they give up on the building. 3. You have the patience to wait what might be decades while efforts are made to keep the building above code until it finally fails. But for those who get the payout and don't care about remaining living in the area, $4 million will buy you a whole neighborhood in North Carolina. 😁
    1
  64349. Remote work will cause higher wages in these remote hot spots with lower wages. Just may take some time for wages to catch up for the locals in those areas. I agree 100% with the analysis. Well done.
    1
  64350. do you think the houses will drop in price after this hurricane?
    1
  64351. An alternative to FOMO: You can rent a condo off the proceeds of your paid for (in cash) rental properties
    1
  64352. Regarding the tax breaks in New Jersey; guess what the influence of office real estate investors has been on that legislation ... If people work from home, real estate investors are the ones who suffer. I don't think this has anything to do with pressure from the local sandwich shop ... On Powell and "transitory inflation" you must take into account that the Fed said this before Russia decided to invade Ukraine. That threw a lot of assumptions out the window; oil and gas supplies have been severely affected as have shipments of basic foods. These are two factors that account for almost 50% of inflation. Also nobody could have predicted that China would continue to lock down hundreds of million of people based on a few Covid cases. This has severely disturbed supply chains and had a negative effect on inflation too.
    1
  64353. Please tell your wife “thank you!” from me!!!! I also refuse to spend a lot of money on beauty treatments as well even though a lot of people in Miami judge others for not getting their nails professionally done or having fake eyelashes every month. That stuff can add up to over $500 per month and Id rather invest that money in real estate period.
    1
  64354. Plzzzz let us know when is good time to buy again new construction.. thx
    1
  64355. The bottom line is: there is no such thing as a free lunch. We should not forget that COVID stimulus was (lend) money injected into the economy to keep the markets afloat, but needs to be paid back some day in the future (at a high(er) interest rate). Due to suppply chain constraints (COVID, energy crisis), combined with all this 'free' money, several markets were inflated to rediculous levels, such as the housing market, cars, crypto currencies and the stock market to name a few. It gave many people the idea that markets had no limit. The housing market is typical market with a long cycle of many years. Housing has more or less become a speculative investment instead of a basis necessity (for all). Money still needs to be earned by working and not by speculating. Ultimately, the lack of affordability and loss of buying power (due to inflation i.e. price increases) will crash the markets (globally), which is a logical pattern as a result of inbalances that have been created in the past.
    1
  64356. Love love you; your data backed information, the way you present it and your opinion!! No one talks about New York (not NYC or Upstate🙁 I live in the Northeast, Suffolk County Long, Island New York. Home listings prices have gone COMPLETELY INSANE over the past couple years!! 100k to 300k and more than what they are worth! As of today July 18, 2022 people are still listing at those STUPID PRICES! People are still closing paying above list price, not quite as bad as it was. There have been price reductions — off of the STUPID INSANE INFLATED PRICES, many insignificant 10k some 50k 100k, still not enough! Do you think listing prices will go down close to pre-pandemic prices? I would LOVE YOUR opinion on this area. I’m on the sidelines waiting to buy. Thank you 😊
    1
  64357. Great advice on the marriage thing, but then again why the hell get married for🤷‍♂️just live together and be happy forever after…😂
    1
  64358. Food and Gas is not in the inflation numbers that the Feds go buy. They take fuel and food out. The real inflation can be found on shadow stats...inflation is really 18% to 20% percent...
    1
  64359. facts , i had my home listed for a few months like 6 years ago an literally had someone complain about "MY" curtains, hello stupid they dont come with the home lol needless to say i took my home off the market an im still here kinda hard to complain about a 1/2 million $ home in the most desirable part of my area when im out in the country but 10 mins from a major city , but if ur gonna cry about my curtains to try an get a better deal well lol plus i paid 190k cash in 08 an im not hurting i retired @24 , i do kinda wish i would sold over the last 2 years for a crazy profit but its wtvr im 42 an i have custody of my 10yo an id like her to grow up in the home she knows an loves !
    1
  64360. Men this conversation is pure Gold!! Good times are coming for those who save money
    1
  64361. The odds of a huge housing correction are low unless there's a major financial catastrophe, which would not be good for anyone. Some markets will never be affordable, because of wealth, zoning, not enough space, and too many people. We have two real options: move or compete with everyone else in that market. I imagine most of the growth over the next few years will happen in regions that have multiple mid-level industries, plenty of space with good zoning, and a good cost of living to quality of life ratio. Without that balance, places either turn into post industrial wastelands, or playgrounds for the wealthy.
    1
  64362. Beautiful couple! A perfect match in life and finances decision, congrats and best wishes ❤️
    1
  64363.  @MichaelBordenaro  agreed!
    1
  64364. I enjoyed your discussions of the various topics that affect the Florida/Miami real estate market, and "walked" along with you. I found one more thing to like your talk - because you were a former scout and you applied what you've learned from scouting. I found there are a number of similarities between the Florida/Miami and Nevada/Las Vegas real estate markets. For example, there is no state income tax; both locations have strong tourist industries; both locations do not have sufficient high paying jobs for the locals to afford the multi-million dollar houses/condos (many of the listings are catered for people from other states or countries); and both locations are very hot in the summer. For the three houses you've shown in this video, those sellers (especially the one tripled the price in 3 years) had wishful thinking that some tourists will take the bait. Those sellers should be reminded that the people who can afford that kind of price are smarter than them.
    1
  64365. ' don't this so, this theory applies to all locations, as prices and demand way above what normal market it,
    1
  64366. Do you get a referral fee ?
    1
  64367. Wow at 6:29 I was the Photographer for this home twice, So glad to see you walk by it. A gorgeous home, thanks for all the great videos Michael!
    1
  64368.  @MichaelBordenaro  Yes you have a great memory, I must say that my quality of life has gotten substantially much better and I love Miami, I moved to Brickell from Chicago and I am very busy shooting Real Estate and Head Shots. Most everything I have learned in Chicago does not apply here, the people, Real Estate and weather are at a different level!
    1
  64369. It's called a recession even if You don't believe it, You will SOON.
    1
  64370. My sister is an agent in southern Cali and she always advises her clients for their benefit even if it goes against hers. She is always her sellers advocate and buyers too but she is mostly a listing agent.
    1
  64371. the cost to produce will never return to 2019. too much permanent damage has been done to the supply chain and to the labor supply. the wage gains won't reverse, which exponentially increases the cost to produce. there are fewer workers not just domestically but globally. the only way inflation will be reduced will have to be automation and to find the next new lowest-cost to produce center in the world.
    1
  64372. Why would a senior citizen sell their mortgage free house , buy a smaller less expensive place and get a mortgage?
    1
  64373.  @MichaelBordenaro  If someone owns a 4,000 sq ft house on a 9000 sq ft lot in Brentwood, Bel Air , Holmby Park, Hancock Park thst worth at leadtv$4,000,000 they could sell and buy a 2200 sq ft house for $2,500,000 and pocket lots of money and keep their former property taxes if theyre over 50.
    1
  64374. You look better without the sunglasses.
    1
  64375. Nice neighborhood
    1
  64376. Insurance, what a SCAM. Politicians have sold out the people to these thieves.
    1
  64377. Insurance will continue to rise indefinitely and deductibles will increase there will be more VOID claims
    1
  64378. No house headaches. I want a condo in Normandy Island.
    1
  64379. "The American people don't believe anything until they see it on television'.....Richard Nixon.......our rulers know they can say anything and it will never be questioned....so we have 24/7 propaganda.....probably trying to sucker in few more stragglers before pull plug and steal everything
    1
  64380. Me too. Even if I love the house I have no problem moving on. I will let someone else deal with that
    1
  64381. Nice buddy commentary Michael! You should have more guests. Sometimes you look lonely walking alone. 😪
    1
  64382. Who needs gifts from people who can't afford to buy them? Isn't Christmas supposed to be for kids? If I want something for myself, I'll buy it. But there's not much that I need.
    1
  64383. Michael I have been looking at the scenery the last several weeks. The scene looks rural even though it is in Miami.
    1
  64384. Rant on❤️
    1
  64385. Yeah,Al Capone can afford the american dream,for sure👀😎.
    1
  64386. bandaids are gone
    1
  64387. Jaws huh. :)
    1
  64388. Oh, wow, Michael. So glad to hear that you and Lizzie (sp?) have each other for support and respect one another. That’s also hard to find these days! You mentioned, a few posts back, that you would love to move to the St. Augustine area one day. Let me know if you guys do! The Bridge of Lions is in the background of my profile pic! I could be one of Lizzie’s first customers! I have a Belgian Malinois. My busy, work from home, job makes it hard for me to get her out to work her like she loves. This condo complex is not dog-friendly, either. Another reason I can’t wait to get out of it. I’ll have to push it out to winter because SFH rental prices are batsh** crazy here in Jacksonville - still. Almost every single one is corporate- owned and I refuse to help them swindle consumers. 😉
    1
  64389. I literally just got back into my town Saturday from being in San Francisco for a week!
    1
  64390. I would bet in California third parties look far any monies "owed " the stae and get a % for finding them. It's like a debit card, you have to fix a mistake, meanwhile we have your money. Justto add additional pressure on banks, their incopme from loans will drop greatly. No real estate sales, no new mortgages. I asked; my Circle K won't take gold. Now is not the time to buy bonds. As interest rates increase, the value of the bond you hold decreases. It a mathmatical formula and cannot be changed by the banks or government. SVB had to sell $20 Billion plus in bonds. They lost over $2 Billion, because the bonds had gone down in value in the short time they had them.
    1
  64391. Since 60% of the population is paycheck to paycheck a housing bust is coming
    1
  64392. I live in Dallas and I can not believe how small ugly 1050s houses like those sell for millions. ridiculous...
    1
  64393. The financial and real estate media can attempt to prop up prices, but it really can’t work. Only the invisible hand of the market can determine prices.
    1
  64394. If its true, then interest rates will not be coming down. That will crush home prices, as inventory builds. At the very least it will be much more competitive.
    1
  64395. Very impressed with Michael's macro economic research. He's in my top 5 go-to along with Pete Schiff, George Gammon, Andy Schectman , and Danielle Dimartino Booth.
    1
  64396. I hate when people say that the Seller pays the Buyer Agent. That's never been true. The Seller pays the Seller Agent, who then agrees to split the commission with a buyer agent who brings a buyer as a "Thank You". If I'm a Listing Agent, I don't have to offer a split for a Buyer Agent, or I can just offer a flat rate of that percentage if I want. If you are a Realtor and act as a Transaction Broker and facilitate the transaction between the buyer and seller, the commission paid isn't split in half, the listing agent is paid the full commission as agreed per the listing agreement.
    1
  64397. The gov't will rescue First Republic and sell it before the opening bell in the morning to another bank! Stay tuned!
    1
  64398.  @MichaelBordenaro  thank you.. wow, mold in your camaro
    1
  64399. student loans should only be forgiven if, the ones that chose not to take on blind debt receive the average forgiven amount.
    1
  64400. Deflation is imminent!
    1
  64401. Great deal❤
    1
  64402. I heard that opendoor is a Chinese investment group , I don’t know if they are or not, but it wouldn’t suprise me if it’s true.
    1
  64403. No one is going to ask about a police officer living in a $6,300 a month home?!
    1
  64404. Madness!
    1
  64405. Another reason for not buying a house now - better investment options with better net returns.
    1
  64406. Supply and Demand simple math, Great video...!!!
    1
  64407. Yet young ignorant people listen to legacy media who tell everyone the economy is great! The numbers are being manipulated for political reasons. The economy is terrible. Schools are more interested in social justice BS and not teaching real-world stuff. The country is 34 trillion in debt, we have open borders allowing anyone in. Food, gas, rent, homes etc... it's all going up. Printing more money - increasing inflation. Yet, these young kids run around with Harris hats and shirts, hoping for socialism. The government can't even run the government, if you really think they're going to fix your problems guess again.
    1
  64408. Michaellll.. u daaaaa Man!!!!
    1
  64409. Emergency funds have very possibly gotten used in the past 18 months so maybe they had a nest egg and 2022 2023 happened?
    1
  64410. Michael would you think in the future that you were a venture off the other parts of Florida say central Florida
    1
  64411. After Michael mentioned a possible "request to borrow" from others, I immediately wondered about the future. My husband suddenly passed two months ago. My heart is broken and will never be the same. As he always said - We were 'two peas in a pod' and our love for each other was deeper than any I have ever seen!! Thankfully, we had put ourselves in a good position financially over the past 5-10 yrs by paying off all debt, living well below our means, saving a large portion, and obtaining life insurance of substantial amounts on each of us. He has blessed me in not having to worry about future finances. However, I do wonder what may happen in the future with family that did not prepare financially (excessive living). Although, I have not mentioned my net value, it seems they have a good idea. Michael's comment struck me as possible foreshawdowing. Home Owners Insurance: I am moving to Florida in roughly 2 months. I have been looking in the Tampa area and am concerned about what insurance will look like for me as a home owner as it appears changes are on the horizon. In addition, I am considering investment property. This is flying off the shelf at top dollar with many just being purchased 2-6 months back and now back up for sale with the price being doubled. How are these investors going to get any ROI? What if or when insurance rates increase? My understanding is taxes and insurance will have a considerable increase in the very near future. How can I purchase investment property without knowing the "new rules"? Also, I am waiting for the prices to come down.... way down.
    1
  64412. Happy Birthday from Virginia.
    1
  64413. Michael, why is the area you're walking so void of people? As gorgeous as the scenery is you would think a lot of people would be out taking in the beauty of that place.
    1
  64414. Can you do a video about the Florida Keys
    1
  64415. Inflation always wins It's one of the first things to learn in life
    1
  64416. I plan to move from my restrictive, leftist hellhole (NY) to FL at some point. It would be sooo sad to lose you, but here are my thoughts: As I listened to you, I felt that no matter the logical argument, you still feel such a strong pull towards Cali. I can't blame you; it's gorgeous. Though, while it is naturally stunning, it is hostile to business, restrictive, crime-ridden, oppressive, and expensive. However, I think you just need to try it, so you'll know. Sublet your condo, and rent something there for a year. If you love it, sell your condo, and try and purchase something permanent in Cali, or continue to rent. But if the cons outweigh the pros, at lease you 'll have had the experience, and you can come home to FL. You don't have children, so you are more portable at this time. I think you need to get it out of your system. That's just my two cents. 🙂
    1
  64417. Back to the tank top. That’s the Michael we know. And yes, would like to see the pros and cons of this expected housing crash.
    1
  64418. Nice work, Michael!
    1
  64419. National debt / number of people in the country = debt per person in that country.
    1
  64420. Thanks Mich
    1
  64421. could you imagine california with florida government? 1/3 of the country would live there.
    1
  64422. I was hired as full time remote. If I can do anything about it I wouldn't take a job to go back in the office. Remote is way more time effective.... think about all the time wasted chit chatting by the water cooler, driving in traffic, etc. It's a labor revolt.... the idea the govt doesn't give a crap about how you spend your time but they want to get reelected based on forcing people to come back in is not capitalism.
    1
  64423. $11K per month 😳😳😳😳😳
    1
  64424. Unbelievable buy for $976 and sell for over $3mil!
    1
  64425. Michael, love your channel ! You speak common sense truth .
    1
  64426. Since I was a kid I always heard you don’t own your land or your home. Just don’t pay your property taxes and you’ll find out.
    1
  64427. !! you🎉
    1
  64428. Silicon Valley was another place in which half the work force is from overseas to compensate for the comparatively lowered wages but high cost of living around San Francisco
    1
  64429. Home Depot owns quite a bit of Land on the low
    1
  64430. Thank you so much! You have given us such good advice and wisdom. Keep telling us the truth!
    1
  64431. The ending😂
    1
  64432. That home you showed for 1.2 Mil will probably still sell unfortunately. I'm sure all the remodeling cost a lot but not twice the value!. I would hate having to try and insure a house down there now. Thanks for the info!
    1
  64433. In Florida you're allowed to get double commission?
    1
  64434. Michael, I watch you because I feel exactly how you do about the market? My family has been in real estate for a long time and very successful over the years. However, since march 2020 they have been making one bone head decision after another! Very Sad!
    1
  64435. Do you think Trump if voted in will help with all this? Just curious, I have no political affiliations, prefer to vote the issues etc…
    1
  64436. Michael grew up in West Kendall and have buddies who used to live on South/North Beach, Surfside , Aventura and Bal Harbor. I moved out of Dade cause the prices and traffic got to be too much. I'm hearing rumors about Fannie,Freddie and Ginnie Mae might guarantee approval 40 year mortgage's like FHA allowing 40 year mortgage modifications. If that's done wouldn't that spike the markets and prices. Have you heard anything from your side as a real estate agent regarding 40 and or 50 year mortgage's being rolled out. People don't care how long as long as the monthly payment is affordable.
    1
  64437. Long-term mortgages 30-year were meant to help Veterans after WW2. Then smart dishonest bankers caught on and made it something ugly.
    1
  64438. That is a lot of beaches. Excuse my fresh of the boat English that I may hear differently😂
    1
  64439. No offense but I'll live in one of those small cabins without air conditioning or heating in the RV park where I have to walk a mile down the street to take a shower before I move to the Midwest.
    1
  64440. Ever since the US became a ‘consumer economy’, unfortunately the only real shot at people taking back control would be a massive boycott of ALL things not absolutely needed for survival. Good luck with that, people are too self interested to make that overt a sacrifice.
    1
  64441. Thanks Michael 👍😊
    1
  64442. 6:58 RE entertainment spending: Post-pandemic, EVERYONE is going on tour, including a raft of "farewell tours" from 80s bands. People are spending huge money to see them one last time before they keel over on stage. Not to mention that tickets themselves cost a fortune. 7% increase? That's probably just Taylor Swift.
    1
  64443. Another Great Video as usual. Love seeing my bud walking the streets of Miami.
    1
  64444. Love the listings
    1
  64445. The government and its actions prove you have no say and you are a slave.
    1
  64446. Thx Michael.
    1
  64447. No sir sing it true! My daughter is in the real estate business. Just got her license a few months ago...shes already feeling the pain. Her market is the Ft Walton Beach/Destin area which isn't as bad as some.
    1
  64448. ty
    1
  64449. My mortgage is too damn low!
    1
  64450. Hello from the space coast prices up here are from Miami investors trying to make 100k or over on every home and I’m sure a handful of investors own everything available in town
    1
  64451. Michael, artificial intelligence and technology itself will be the death of man
    1
  64452. I pay a premium total live in a walkable area with good transit. Most people in the world do. America is way behind on that, but looks like they might be catching up.🤞 But in saying all that, we definitely need more affordable walkable neighborhoods. Livable neighborhoods. Not MasterPlan communities 20 minutes inland. I live at the beach right now because I enjoy the community feel and that I can ride my bike to dinner and run my errands…plus get a workout in at the same time . I don’t even own a car anymore. But everybody has different priorities.
    1
  64453. I use an equity line to purchase excellent deals that I come across (real estate, tax liens, vehicles). Make a profit. Put it back . Do it again. Over and over again. No closing costs, Once it is open. Pay it back to zero and look for the next deal. Have been doing it for years. Easy way to make $$$$ if you know what your doing.
    1
  64454. Welcome to Miami, where you own a multi million dollar home and people park on your grass, that makes me so happy. OH and yes they all say is public property, yes, it is in every city and state in the US is PUBLIC Property. that does not give you the right to park on it. try to park on the grass in CA< they will not only give you a ticket they will tow your car, even if you park on the grass inside your property. But ignorance is blessed in Miami. By way it does affect the price of your property.
    1
  64455. I will never understand how anyone living in California would vote for a democrat 🤔🤔all that “progressive” decision making is socialism boarding on communism 🙄🙄
    1
  64456. I feel like this guy was lying. They want these people to leave so they can build condos or other luxury homes. I feel like someone figured out a legal way to make sure cities look like how they want them to look, pushing poor people into small, rural midwest areas and out of eye range of the affluent.
    1
  64457. Wow 5 years...that's a lot of walking!
    1
  64458. You Have to Make $8-12,000/month Just to Start Renting 😂😢 Thats a Husband and Wife's Salary 😅 if your single you Cant make It period....
    1
  64459. I was considering a home in Portland, OR and had a home inspection done. There was a settlement on a product called Hardy Board siding. The seller took the money from settlement, but never replaced the siding. Once my home inspector caught it, they offered us a $5K discount. It would cost over five times that to replace and paint the new siding. We declined. I wonder if they disclosed it to future buyers.
    1
  64460. Incredible video! You nailed it.
    1
  64461. Prices are too high, and no one can afford to buy the interest rates that are high 🙃
    1
  64462. Just paud $475 fir liability and $317 for fire. Dumped tge $4100 Wind from Citizens in Louisiana in my little 1100 sq.ft. house. Tired of being ripped off.
    1
  64463. If you want a burger, make it at home.
    1
  64464. I don’t think working remotely is REMOTELY responsible for the issue. Pun intended 😝. I think companies and people who look to take advantage of others will; no matter if the Sun shines or not. It’s time to revamp how we engage and move professionally, socially and personally. And working from home anywhere in the world is the new reality. That’s what inevitably going to happen. You must be flexible in this new world, and grow into the new way. Bloggers and YOUTUBERS are able to do it and have been for a long time. So can others who are primary working via computers and the internet. Zoom is now and friend and is invited to all the family cookouts 🧑🏾‍🍳 🍗. Many of us landlords are trying to recoup the money we / they lost by increasing rents to create a cushion in case this unexpected situation occurred again in any way. Luckily I haven’t had increase rents more then 2% annually. I appreciate your channel, information and the beautiful neighborhoods you walk though 😀. Keep them coming 😎👍🏽!
    1
  64465. You are correct, Michael. Politicians don't care about the spending, they will do it no matter what. At least, Trump gave rapid growth economy and kept inflation almost zero. My pocketbook issue matters to me.
    1
  64466. Hi
    1
  64467. I don't know how you put up with living in a multi unit building. That would be a nightmare for me. Yesterday I saw a big storm east of here but we had no rain at all in Westwood Lakes. When I lived in Key Largo I was happy that we did not flood like Miami beach. With the inflation the Fed created in 2020, we are going to suffer for a while to come. I doubt that he majority of people will wake up, ever! I just hope that I can find the right rural location so I can enjoy my life and have a steady supply of meat.
    1
  64468. Simply put: two bad ass real estate analysts.
    1
  64469. 3.1m property rent for 25K? 12k would be reasonable
    1
  64470. I biked onto Star Island many years ago and I was actually surprised that we weren’t stopped from entering the area
    1
  64471. Flippers are just absolutely bonkers! 🍄
    1
  64472. Thanks Michael for another great video and the honesty you bring to this real estate market. I heard you mention this Dave Ramsey guy and this is twice I heard his name and both times it wasn't good. I watched a video from Travis and talked about how this guy was misleading people about the market.
    1
  64473. Everything is cyclical. It will come back by 2050. 😆 🤣
    1
  64474. 👍✌️
    1
  64475. Yes. The rot of greed has infected our world and is destroying it. The corrupt are running this country. The system is rotten to its core and is unsustainable. Working remotely is not the problem. The greed, insatiable hunger for money and wealth hoarding is the problem.
    1
  64476. Have you ever had to sue a buyer to get a judgement to have a judge force them to perform?
    1
  64477. I have cash when the best time to buy house thank you
    1
  64478. Michael!!! There's no escaping the casino unless you are rich!!! House always wins and you lose!!! Even when you play by the rules they can change the rules and do whatever they want to you! And politicians do nothing!!!
    1
  64479. I, literally, live in the middle of Nebraska! And you are right: I'm moving to Florida!
    1
  64480. Same as the last wave. Your guest is using all the same concepts as "foreclosure fairness mediation" replete with NPV tests, BPOs. 40 year terms, burying arrearages as a zero interest balloon at the end of the extended term. About the only thing missing now is a phony interest rate of 2% just like HAMP 1. BTW the technical bottom of the Great Recession was mid 2009, but foreclosure madness did not really set in until 2010-2011. I repped one of the largest (at that time) corporate flippers. The time to get in is when the market is bouncing along the bottom.
    1
  64481. No landing means we crash and burn
    1
  64482. Who in the actual f* can afford those rents?
    1
  64483. Who is sponsoring this bill? Hopefully something like this has bipartisan support!
    1
  64484. Well hello there!!!🤗
    1
  64485. They will do ANYTHING and EVERTHING in their power to fool the American consumer on how great everything is till November 6, 2024.
    1
  64486. The only way to block out noise in nyc is ear plugs or air buds, inside with music on loud and AC
    1
  64487. Maybe chick guests instead?
    1
  64488. Really if you think about it most of us are living in a third world country look at parts of LA San Francisco look at Philadelphia.
    1
  64489. Excuse me did you just say $9k a month. OMG unreal.
    1
  64490. Alot of people have soaring rent to pay!
    1
  64491. NO additional government spending or aid. F' em. Let the market figure it out. People manipulate their income and cheat all over the place. I shouldn't be penalized for having a higher stress job. Leave your liberal ideas in California.
    1
  64492. CRIMINALS "They say you wanna revolution, yeah..."
    1
  64493. There is not such a thing as Free Market That’s 100% Bolognese crap 💩 Same thing with Free Trade agreements
    1
  64494. Recessions keep the economy healthy. Foreclosures keep the economy healthy. Kicking the can down the road is bs. It ruins all incentive to ever pay back a loan. One day the system will fail completely. The dollar will be worthless. The government will fail.
    1
  64495. Nope. They are buying up trailer parks and jacking up the land lots, water and sewage free, and charging junk free. There is no where to escape.
    1
  64496. With the stronger dollar, not sure those international buyer are going to be very abundant. It should be illegal for the city to tell tenants they don't have to pay their landlord and force the landlord to keep paying the utility bill. Ridiculous.
    1
  64497. Wildfires and residential areas are a horrible combo. In Oregon we practice defensible space but fires create their own winds etc and hurl debris farther than one would expect. Surprised any insurance carriers would want to be in certain areas here. We are already heating up. Broke temp records in May!
    1
  64498. I don't believe that BS about the "Forward" political party for one second. If it's Andrew Yang, it's Socialism. It's an obvious astroturf attempt by the left to create something that appears unifying. Don't be fooled. It's not grassroots; it's manipulated.
    1
  64499. Michael and Nick are my market go to. For me, this is "Deja Vu" of 2008 collapse. People were "ATM ing" their inflated market values on their homes in last bubble. I worked with individuals in 2006 & 2007 that were buying above their means with the intention of flipping 2 yrs later???!!! If you are going to play the market. learn the market! I remember TV ads by Mortgages telling people to continue buying because the market was not going to stop. Also, both bubbles were people caught up in a "Buying Frenzy"! When people thought they were worth all this money from their homes they saw themselves as "rich". As I said to a couple recently who were buying a $1.9 mil home in the Bay area of California, "if everyone's home is appraised at a million dollars, then what is a real Millionaire?"
    1
  64500. Corporations own the news outlets.
    1
  64501. I enjoyed it. I could see the school I used to go (EF language school), the hotel we stayed at last February (4 palms now Radisson). The video quality was great. Miami Beach is a real paradise. I love how tropical it is. Thanks for the video.
    1
  64502. Hi, Michael I enjoy your videos camera is great thanks for giving us a tour
    1
  64503. I don't really care what Powell does. I'm hoping he will crash the economy and stamp out inflation. I want one more great bull market before I retire. I swear I won't screw this one up. By the way that's when you make money is after the crash.
    1
  64504. A friend of mine said Florida governor Desantis wants to put a prison next to Disney World?? Michael Is this true?? This guy wants to run for President and he wants to put criminals next to our children?? This has to be fake news!
    1
  64505. Wow, I was just talking to my fiance about this haha! It's definitely different versus when we were younger. The night time heat this summer in fort lauderdale left me wondering!
    1
  64506. Will the market slowing down potentially bring down interest rates within a year or two? Will the fed ease off?
    1
  64507. Depends on inflation, or even scarier, stagflation.
    1
  64508. If somebody is eager to buy a house with cash, and doesn't want to wait a year or longer, should they still wait a few months to see if prices have fallen, or would the difference within that short of a time-frame not be enough to worry about?
    1
  64509. They're just casting the line looking for a few fish w/ these temp interest rate drops.
    1
  64510. So nice to see someone NOT using Airbnb. In my opinion the worst way to spend your money and not contributing to the local economy. Most airbnb's are dirty and ill taken care of. No professional cleaning and zero security. Will ALWAYS stay in hotels.
    1
  64511. I am no real estate expert, but this just seems like another consequence of hyperinflation. In 2024, the median house price in the USA is $420,000. That is absurd!
    1
  64512. I'm confused. Someone who is extremely wealthy enough to afford a $700k home would be making somewhere around $200k per year. So, I would think 4 thousand a month in insurance would be no big deal to them. But, even assuming they're someone who's buying more home than they can afford (like someone who's only moderately wealthy at $100k per year), can't they just drop the insurance to save money? 40 year mortgages? Any loan longer than 10 years should be illegal.
    1
  64513. Average family pays $32,258 per year in interest or $2688 per month 1.1T per quarter is 4.4T per year 2.5 people per family 341M people in the US
    1
  64514. I like the number YOY. thanks. but I just feel like for 50% of the market who buy on payment, the payment has inflated. that's their cost. raising interest rates doesn't necessarily stop inflation... so it seems. house prices have to go down enough to drop the montly note to be deflation.
    1
  64515. I dont get it. Why are people not watching when you say the address?
    1
  64516. Hay Michael missed your Video for Monday , Hope all is well ..
    1
  64517. IMF global projections for 2023 show a serious downturn. It would be illogical to jump into real estate now and well into next year and possibly 2024. Now the banks are manipulating mortgage rates more just to get needed revenue. It is a fools' bargain. Beware!!!
    1
  64518. I recently had a friend from Florida visit me in Michigan. I mentioned your channel and what you say about the situation in Florida, and he confirmed that you are exactly right about the conditions there now, versus what the state was like, 30 years ago, when he first moved there. He said that quite a few people that he knows in Florida are looking at North & South Carolina to move too based on affordability compared to Florida, including him moving there.
    1
  64519. 20% of couples asking for money for a home shows just how strong the American housing cult is right now. Holy guacamole!
    1
  64520. Steven Covey -"Begin with the end in mind." The best advice I ever read in a book. Plan for the end at the beginning. It works! My former colleagues lost all the money in their 401(k)'s when the company we worked for folded. I was long gone with my paid for advanced degree and later received a pension, the others failed to receive. You have to know when to bounce!! The real tragedy occurred with the ones that left before I did. They left their 401(k)'s with the company and when the company filed bankruptcy, they froze the 401(k)'s, preventing people from cashing out and they watched their years of savings be reduced to pennies. It was quite unbelievable. I had warned my colleagues before I departed but they didn't believe me, although I was the one reading the Wall Street Journal everyday and read the annual reports. Advice: When you see senior executives leaving the company to "spend more time with their families." it is time to make preparations to secure your funds.
    1
  64521. Are you talking about the Miami market?
    1
  64522. 😭
    1
  64523. We are still considering Cape Coral area but prices are still too high compared to 2 years ago. Never going back to those prices but still too high for the area. Especially new builds.
    1
  64524. I’m not sure where you are filming in this video, but in a way, it’s much more peaceful than where you live in Florida. Have you ever thought of making your homebase there and living in Florida only in the winter time! Just an impression that I’m having, it seems like a nice place where you’re walking around
    1
  64525.  @MichaelBordenaro  man. This is crazy. Fomo is what I feel everyday
    1
  64526. Good information ...thanks
    1
  64527. Miami = huge investor market. More volatile because of the absentee dollars coming into the market. Speculative buying and selling. As well as flipping.
    1
  64528. My wife and I own our own home , debt free retired, Not spending or borrowing, We do not believe the economy is doing well do not trust the government praying for Donald J Trump to win the election. Everything is way too expencive, News media cannot be trusted. I'm getting my news from your channel and other YouTube channels, I'm 70 born in 1953 lived thru ¹1973 Arab oil embargo things are worse now then at anytime in my 70 years. Have money in bank but not spending. We are ok but worried about what is coming,??????
    1
  64529. I don’t even have a garage let alone nice weather
    1
  64530. Ouch! Glad you’re ok
    1
  64531. Are you a big MAGA Republican? Or just a big republican voting for Trump for a third time?
    1
  64532. Sounds like you may be a fan of yt channel Grimm Life Collective. That guy and his wife go to all the filming locations of awesome movies.
    1
  64533. Sorry no $25 soy burgers for me
    1
  64534. Michael the numbers being FUDGED is an understatement it's worse than that.
    1
  64535. I read Melbourne FL is crashing
    1
  64536. You would think that the board could get an engineering inspection of the condo complex and that should be acceptable.
    1
  64537. Even money is created by private sector. Loans are deposits
    1
  64538. Awesome 😎
    1
  64539. Very needed video.
    1
  64540. Michael, Your analysis is incorrect. ALL of this spending by the government is causing all the issues in this country. The numbers released by the government are all lies. The huge deficit spending is driving up food prices, insurance, housing prices, car prices, and everything else going on in the US economy. The FED raised interest rates too quickly, and that caused everything to skyrocket and make living impossible right now. Now the prices are snapping back
    1
  64541. Here for the riff….nice
    1
  64542. I'm seeing homes in Ocala, FL. selling now for $150k with potential rents at $1400/month. That's nearly double the monthly mortgage. As forclosures increase demand for rentals should remain strong.
    1
  64543. Michael I think they want to limit foreign investors from buying up real estate in America I think that’s a great idea I think your point of affordable housing I think is more geared towards the tiny home possible home I think that’s what you’re going to see the new evolution of affordable home and because I don’t think you need the big space because most people with big space just collect more junk if you just buy the space you need to live in every day you’re good so I think tiny homes is the solution to affordable living
    1
  64544. Always great content brother. Also, how do you stay fit?
    1
  64545. I would love to know who gets that money
    1
  64546. I don’t know. I’m pretty busy again.
    1
  64547.  @MichaelBordenaro  hopefully it stays that way. Feels much more normal. My main concern is I’m seeing people get into multiple offers again. Hopefully stays normal, but we’ll see
    1
  64548. In the 70’s we had stagflation. Here in the 20’s we have stagflation.
    1
  64549. Inflation is the consequence of not living at or below your means, which is the majority of the country. Impulse is the ultimate downturn.
    1
  64550. Happy Birthday Lizzy enjoy the Keys!🍾🥂
    1
  64551. People need to quit looking at their bank accounts and watch more NeWZ so that they can understand how great the economy is.
    1
  64552. The real estate association never really did much. I used to be a broker in Boston in the 1980s and early 90s. We would use them for templates for lisa's or british and sale agreements offer forms that's about it
    1
  64553. Red Lobster has filed for bankruptcy as of recent.
    1
  64554. Yes inflation is killing us
    1
  64555. Been there before Bought in 02 Only to see it drop below What I paid for in 2012
    1
  64556. Australia interest rate Pause.Torture Postponed for 30 day's
    1
  64557. Thanks for your usual insightful videos.
    1
  64558. Hi Michael. Everybody should watch yesterday's video by Crypto Casey the interview with Janet Yellen. It is time to get worried.
    1
  64559. Always love watching you walk and talk and muse about all these topics that I think about too! LOL. Any chance buyer's remorse in Florida will be in the form of newcomers who moved there in the last 2 years realizing they can't stand the hot humid summers, leading to a large migration outward? Have you ever heard of this being a reason for a significant number of people wanting to leave, or is it too uncommon to make a significant difference?
    1
  64560. One condo association in FL hit the homeowners with 100k assessment for repairs needed due to the condo collapse laws.
    1
  64561. I think all the AirBnbs SFHs will come to market for sale soon! That'd be a housing glut.
    1
  64562. In some Asian countries , they want a minimum of 5 months to move in. In high demand areas, it can be much more than that. But they are usually honest and will only actually keep one months for wear and tear , then return the rest to you. Still the start up cost is high. In Korea , many owners will give you a low rent if you pay your lease up front in cash. Every place in the world is different.
    1
  64563. Wake up they’re trying to move everything digital duh!
    1
  64564. I pay $525 a year. New home worth $450,000. But our car insurance went $400 a year. 2 cars. I live in Michigan
    1
  64565. Nice houses in that street
    1
  64566. If you decide to go with no insurance on your home, you better take that money that would have gone into the insurance and squirrel it away in a safe place. If disaster strikes, hopefully you will have enough savings to cover the cost; if no disaster happens before you sell, great, you are sitting on a bundle of cash.
    1
  64567. Thank you
    1
  64568. complete diy with nice gear vaping $4/month including lifetime supply of ejuice & nic. (for 2 people,, heavy vapers) as for the lottery,,,,,,,,you are right,, google the people still waiting to get paid from Illinois I have the advantage over your generation,, this isnt our 1st 'recession'-- & I was pounding the table on gold when it was $350
    1
  64569. There is at least one other realtor in Florida, he has a you tube channel as well, he’s telling everyone, hurry up and buy, rates will go down and the bidding wars will start! You can always refinance a high rate!
    1
  64570. The current debt is more than $30.5T. The problem is aready impossible to fix (without destroying the whole sysyem).
    1
  64571. The are NOT Mobile Homes. These homes don't move. They are Trailers!. Sheesh. Only suckers pay rent. I live for free on the streets of LA in my cool tent. Biden Harris 24!
    1
  64572. Breaking Layoffs Hit 10-Month High As Financial And Tech Companies Slash 39,000 Jobs Mary Whitfill Roeloffs Forbes Staff Mary Roeloffs is a Forbes breaking news reporter covering pop culture.
    1
  64573. Congrats. 5 year anniversary...and going strong. T.Y.🎈🎇🎉
    1
  64574. I don't think clients should know the selling history of a house for sale
    1
  64575. I am retired and doing well. We travel and spend pretty freely. Our net worth is the highest it has ever been. Sorry, Mike, 😢, but I'm good...
    1
  64576. Thanks!
    1
  64577. You are seeing the downfall of animals either people don't have the money or there are afraid to go because of the violence that's happening in the malls
    1
  64578. Wow look at those prices and NO ONE on the street even has a garage.
    1
  64579. I don't know Michael. Here in PBC Fla, there are less listings. We just don't have forced sellers this time around. Less buyers+less sellers does not equal lower prices. What I see is a crash in transactions, not prices. But hey, I'm sitting in cash waiting for a great deal and when fear hits home in the next couple of months, sellers will make bad decisions. I'm ready baby.
    1
  64580. Is having homeowners insurance required in Florida?
    1
  64581. Discrimination IS discrimination, no matter how it's spinned...
    1
  64582. $1000 a mo. in Sacramento CA and you need to pass background check that includes no felonies, no evictions, 2 year job proof, earning three times rent. Benefit to mobile park living......lots of space and you do not share a wall with neighbors.
    1
  64583. everyone leave what you have run into. Vinegar was my price shocker at Publix grocery store. Just a little bottle.
    1
  64584. The greed can only go so far
    1
  64585. Worse than a funeral, possibly. Worse than a divorce, NEVER!
    1
  64586. 14:00 there is also the fact that teachers are now putting themselves in danger ⚠️ to teach our children
    1
  64587. Thanks for the great insight! Did you move? Are you not in North Miami?
    1
  64588. I'm a SiriusXM casualty from over a year ago... got the free sub with new car purchase, then when time to renew, the price increased each year after. I'd call and negotiate a lower cost until this last time when they wouldn't budge. I explained I was an senior who only listened to ONE channel (*69 elevator music) because I hate hearing yakking peeps in my car. No help. I've received tons of We want you back type mailers since.
    1
  64589. “Let’s put it into perspective”home prices were $70k back then but the avg household earned $25k a year.
    1
  64590. That's the SAME LINE they sold buyers in 04-06....
    1
  64591. Thanks for the information on not painting the bricks!😅😅
    1
  64592. Many recenet homeowners underwater will have issues due to homeowners insurance modification requirements. For example, they might be required to replace their roof which is easily $30,000.
    1
  64593. Thanks for presenting and explaining your real estate facts by backing them up with real estate statistics. Appreciate your habit of explaiining and citing national and regionial real estate statistics.
    1
  64594. Call them up and offer to pay it off at 75 cents on the dollar LOL
    1
  64595.  @MichaelBordenaro  don’t you only get the homestead after a year of living there?
    1
  64596. I'll tell you this honesty is truly the best policy...you have a great channel and thats why it will grow
    1
  64597. Another great video, Michael. Thank you.
    1
  64598. She maybe could get traveling nurses to rent a room.
    1
  64599. What are your thoughts on REITs? I have seen that a handful of billionaires are placing their holdings in REITs.
    1
  64600. Do property taxes apply to all home owners regardless of a fixed loan or there are exceptions.
    1
  64601. 11:43 I also heard this many years ago that after so many months they stopped counting you for being unemployed!! This was in Michael Moore's documentary called Fahrenheit 9/11 It was a part talking about how our social security system is messed up and everything in the unemployment numbers then the lady said that after 6 months they don't count you anymore I don't know how true that is now considering that movie's almost for 18 plus years old.
    1
  64602. Hi Micheal , I think is a good idea to talk about the institutional investment in rental housing, for me is not quite clear that all institutional investmen combined are just about 1% of whole market. Of course taking a look just to specific markets - neighbourhoods like NY, Houston, Miami, etc. Markets where they{re full penetrated. People is concerned for the first time since 70´s inflation is higher than mortgage rates. So for me Banks are no longer in good shape to continue in Housing mortgage business.
    1
  64603. Of course the establishment is going to claim that a crash is off the table. They want to keep their prices astronomocally high.
    1
  64604. Thanks!
    1
  64605. No ones buying here either. interest rate 7% with perfect credit and 20% down, i know if i had waited to move until now, i wouldn't have been able to afford it, my mortgage would've been double.
    1
  64606.  @MichaelBordenaro  even the globalists are dreaming that we will all work 40 hours a week for their unbacked CBDC. its muppet world eh lol ? if only money really did grow on trees...
    1
  64607. Virtual walking right next to you and listening to what you're saying is a fun thing to do every morning. It could be a part of my morning ritual. Just keep up the good work!
    1
  64608. 🎸👏🏽
    1
  64609. There has to be a reason why these states are causing people to leave. It just makes no sense.
    1
  64610. If the thieves keep it up , the customers will end up paying for it and soon, the GROCERY STORE will close it's doors. It has happened in the Next State over !!!! Soon there will be a SHORTAGE ON GROCERIES the rumor has it !!!! Went to a Grocery Store today, the place was so Packed, THE police were directing the Traffic. This wasn't the first time !!!!
    1
  64611. Thanks Michael for being real. Let the truth be known now and not tomorrow.
    1
  64612. Is it time to take the tiny house concept serious and allow them into all city limits?
    1
  64613. I’m glad you brought up the portable solar panels on route people I want to save money and then that’s another thing with the insurance company will get built it with the cost of a necessary claims because people are drill holes in the roof so good point I’m going to bring it up and I’m glad the insurance companies are dropping them
    1
  64614. Awesome
    1
  64615. I would file bankruptcy .
    1
  64616. Yea and home depot and wally world are owned by Blackrock. So is Lowes. Support local mom n pop..
    1
  64617. Major condos have been paid off, along with most homes built before the yeat 2000. Who are you paying all that money to now? And what will stop then from matching inflation because they can take more money off people.
    1
  64618. I believe the corporate landlords are hoping the government bail out the renters. Subsidized government rent.
    1
  64619. I’m all about the truth, don’t tell me what I want to hear, say it how it is! I’m a big girl, trust me, can handle it.
    1
  64620. Those who live in cute little denial bubbles will be the first to show up at your door willing to do whatever it takes to get everything you have. Good picks and shovels are a great investment for........gardening.
    1
  64621. A 20% correction is not bad considering how much housing has gone up since 2020. If someone bought at the top of the market they'll just have to hang in there long term.
    1
  64622. 👍🏻
    1
  64623. Happy Birthday to your wife.🎊 🎊 🎉
    1
  64624. Local law 97 the environmental law passed in 2019 in NYC will go into effect in 2024. Lots of buildings in NYC will be affected with penalties if not implemented! Lots of Condo's or Co-op's as well as any building over 25,000 square feet.
    1
  64625. Nice guitar shredding
    1
  64626. Excellent! As always!
    1
  64627. video game professionals would be considered non-essential, but not to me
    1
  64628. Insurance is out of control like everything else!!! Total insanity!
    1
  64629. Look at that lady on the wall saying let's jam together 👍
    1
  64630. $70k a year is not a lot of money when minimum wage is $30k a year.
    1
  64631. It's the American way
    1
  64632. I just found your channel and really enjoy it! Liked and subscribed!
    1
  64633. Hey Michael, with or without the shades you do great videos! About a year ago I texted with you about home prices hopefully falling in Florida at least 20% , as it looks now it may be coming true , some places maybe even More! All I know is I got my eye on moving to Florida West Coast, in about year and a half from now🤞 What say you?
    1
  64634. When is your crash coming 😂😂
    1
  64635. That is very nice of you, but no, you don’t need to pander. Who has time for good news when it won’t really help.
    1
  64636. No offense, I hope you're right but everyone has been expecting people to wake up for way too long.
    1
  64637. Michael......low interest rates are a scam....give me a chance and I will explain to you how Government uses that to scam the consumer.............let me know...I live in West Palm and work in Miami.....
    1
  64638. Let's get on with it...let the crash begin. I've been hearing about this crash for a year now.
    1
  64639. It's all been a big lie. America sucks and it's all gunna crash like a mofo 😮
    1
  64640. of course the white collar job losses come first, then the lower paid jobs after shit really gets bad
    1
  64641. You're dead on why on that graph people had to stay in their homes longer than usual. They were trapped in their homes. I know many who bought at the top in 05-07 were finally free of being underwater as late as when the pandemic started. Not too much principal is payed off in the first half of a 30 year mortgage; it is mostly interest paid.
    1
  64642. Great advice! Thank you for your videos.
    1
  64643. You should have called the number on the for rent sign and posted the asking rent.
    1
  64644. thats what im trying to figure out is what my taxes will be.
    1
  64645. Loophole on the taxes. Check, well said.
    1
  64646.  @MichaelBordenaro  sf bay area is a very unique market
    1
  64647. Another lesson of economics i love that :) very hot today here in Montréal,Québec 32 Celsius and very humid :)
    1
  64648. Wow, nice playing
    1
  64649. Yes prices are coming down now "which hurts current property owners" and interest rates are increasing "which hurts future property owners", therefore a No-Win N0-Win situation. The Win will go to Tax collector because they will not lower the tax evaluation and if they do then they will raise the Tax rate.
    1
  64650. I follow Dutch Sense he is the earth quake guy and he posted yesterday about a 5.0 quake in Cali, did you feel it? and heard there are wild fires & hurricanes. so glad that you & lizzy are having a great time.
    1
  64651. Trump-change 😂 good one! I’m still laughing hard I’ve got to rewind again. 😅
    1
  64652. We are spending more because EVERYTHING costs more. A very simple example. I was in the grocery store the other day and a family size box of corn flakes was just over 8 bucks! As far as frivolous spending, not right now. I think this data is fluffed up a bit. Remember the 2008 false narrative the banks were putting out until they could no longer hide the collapse? 2008 2.0
    1
  64653. For fire resistance, the best construction material is AAC (autoclaved aerated concrete) I have a bbq/fire pit built out of reject blocks from the factory that I used to live near, and it is still 'fireproof' after successive intense fires burning off Aussie hardwood waste ! Stuff is 'bullitproof' Ha !
    1
  64654. Thank you for exposing the truth of what is really going on and not sugar coating it! When told the truth and grow our knowledge we can then make informative decisions about our lives.I appreciate you and all you do. Thank you!💰🏠🪜🌽✌️
    1
  64655. I made the same mistakes with money. Credit cards are basically bait and switch; lure you in with a $4K open line of credit (hoping you have 5% left on your balance and then they increase your NEW BALANCE to $9K) then once you hit the peak here comes the switch—NO MORE INCREASES!!!! They want their money! I learned don’t fall for this trap. It’s so easy for them to hold you hostage for 20 (maybe 30) years.
    1
  64656. Don't worry about doom and gloom your doing a better job then the news! At least we are getting facts. Good or bad they are facts. Keep it up and we all appreciate you 🙏
    1
  64657. That is great Michael. You two are doing great....:)
    1
  64658. I understand your frustration with the Student Loan Forgiveness ($400 Billion), but I need that same energy when businesses get bailed out too. Wall St got bailed out in March 2020 due to covid (4 TRILLION)! BBB loans were also cancelled out ($800 BILLION)! Not to mention 2008. The difference is Wall St and businesses get socialism and WE Americans get real capitalism. I don't mind your disgust at bailouts, but be consistent across the board.
    1
  64659. It doesn’t matter how much wealth you have….do not over pay unless it makes sense on a sentimental level or strategic level!!!….only trillionaires can afford these inflated prices!!!
    1
  64660. Hot topic again Michael!❤
    1
  64661. Very fortunate you can lock in your rate
    1
  64662. So. California homes are selling at asking prices. I know because I’m attending open houses.
    1
  64663. Fantastic!! Best location. And two of you are great!! Very informative and entertaining.
    1
  64664. It’s a dog and pony show. They have to project the illusion that there are two parties. This debt ceiling debacle was hashed out many months ago. I even sucked up some more treasuries paying close to 6%. Some years in the future everyone will eventually lose faith in the system and a war will break out. When? Unknown. Even stumped my magic 8 ball. But I think we are close within 10 years.
    1
  64665. Not totally true. I was still writing FHA fully assumable with no qualification in the late 80's. It wasn't until late in 1989 that they started requiring lender approval to assume the loan. On the credit thing, it is really annoying that good rental history is almost never reported to the credit agencies. (This is a lot the fault of the agencies. As a landlord I looked into it and it is next to impossible to report. Experian now has a "rentbureau" application but you have to signup through a rent payment service for it.
    1
  64666. 7:16 "What's gonna save us this time around?" Falling prices..............................
    1
  64667. Doesn't matter where your buy a house in the end you're at the mercy of the government and I cannot allow that to happen in my life..... and all of the other variables including unexpected insurance rate premium increases property tax increases and a lot of other variable circumstances like bicycle Lanes being put in beside your house resulting in traffic snarls the list goes on and on and on
    1
  64668. USA damn, u buy some apartment and years later u millionaire 😁
    1
  64669. Including me, that would be 70%!
    1
  64670. They want to ban natural gas for political power purposes through pricing people out. If the power goes down, you can at least cook and generate heat as appropriate with gas stoves and fireplaces. Natural gas is the greenest energy source on the planet outside of Tesla's tech, hidden because it can't be metered, it would be free and there's no profit in "free". SO they use relatively crude and certainly more expensive means to sell metered electricity when electricity should be free.
    1
  64671. Thank you, Michael....A lot of Great advice !......FOMO is now starting to lead to PLMO ( Please let me out)......Take care..
    1
  64672. Check most of the negative comments and see that they are made by those tied to the Real Estate market...and are suffering. So they go against anything representative of the truth...like Mike's videos. They need the spin zone to make money again...and this channel isn't about that. Truth hurts. Or, you can rely on what tge government says....
    1
  64673. Um, reading between the LIES. LIES from the elite's fork tongues.
    1
  64674. “With home prices crashing, what’s going to happen to rents…” [sounds of metal and pain] Timing is everything.
    1
  64675. we go one step further than walking the neighborhood ...we talk to the neighbors...found out on one house we were looking at that a meth dealer was the previous owner. ..you can test for meth but have to know where to test...we got a big education on meth houses and how people buy them and never know its in all the vents in the house...also found out about haunted houses that way...
    1
  64676. 🥇
    1
  64677. Its inevitable that housing prices go down. Politicians wont let it happen before the next election, though. The next guy will be the patsy. Its even possible if another Democrat wins that it could be 5 years before it corrects. All this wealth being gained without work is not sustainable.
    1
  64678. I think by Q4 heading into the winter months is when we see the true SHIFT in the market. All the bad economic data, even more inventory hitting, demand will still decline with interest rates likely hitting a true 6-7 percent in the short term....will capitulate the market and the first real "deals" will start to emerge. Everyone needs to remember these deals will only be beneficial to people who remain gainfully employed, have a decent down payment, and have great credit to afford that barrier to entry. Build that foundation now before it's too late.
    1
  64679. I live in calif, the unknown migrants are living high on the hog with free everything and I do mean everything, trust me. end of story. I almost forgot and your hard earned tax dollars are paying for it. vote smart.
    1
  64680. Yup ,you're right,,corruption is being held out of sight,,,duh
    1
  64681. hopefully some butthead doesn't kick you out of the Aventura mall
    1
  64682. Check the taxes before making that decision. State tax bracket, sales taxes and property taxes.
    1
  64683. Daaaaang. You did the flames.
    1
  64684. Michael, when will we see rents go down in SE FL? if ever? I'm not referring to Luxury living rentals!
    1
  64685. Spoken in nice easy layman terms it's over. When a plane loses its engines in the sky there is no fucking soft landing
    1
  64686. I don't know, maybe Zillow is correct. How many people predicted the stock markets would be sitting near all time highs right now?
    1
  64687. 214k to 2 mil...why?
    1
  64688. Look like a nice place but even if I could afford it, I wouldn’t pay $25k/month. Geezus :-)
    1
  64689. 12:00 ‘A computer can’t tell you how much your home is worth’….the AI algorithm just needs to be trained and learned and code adapted is what they’ll say in their defense. The bubble has burst on AI technologies including self-driving cars (which was supposed to be in full swing by now according to 2015 estimates).
    1
  64690. Happy Birthday to your wife🎉
    1
  64691.  @MichaelBordenaro  Yes, I’m sure of that. All my properties mortgages have gone up because of T&I.
    1
  64692. Invest in education during a recession; much better than tobacco stocks. Families will still send their kids to school and lessons even when times are tight. Also people who are underemployed may decide to develop skills and get in on some better employment.
    1
  64693.  @MichaelBordenaro  The economy comes in waves. People should make an effort to live well below their means so they have extra money and they're not cash strapped and struggling during the downturns. During the lean times when it's likely that they might have a lot of free time on their hands, they can try to position themselves to better catch the next wave. Its the way to get ahead.
    1
  64694. Gov't backed student loans ....... and look what happened. Gov't low interest rates and look what happened. We can defy basic economics for a while but eventually the Piper wants his pay.
    1
  64695. Michael Welcome to the South Bay and have a meet up!!
    1
  64696. Thank you, I have just been listening to your channel (I adore YouTube ) like non stop since yesterday when I found it- your knowledge of money and being willing to tell us about it is great. It’s feels good to hear the truth, like my husband and I have two kids and have been living in a apartment for years but going to a home feels like a huge commitment right now when I don’t trust the economy lol
    1
  64697. Yes I do like a Video like this because it's informative, We need smarter American's not dumber 👍🇺🇸.
    1
  64698. Or .. a manipulated Stock Market "Melt Up" ... watch ... it is coming. The the death blow
    1
  64699. The raised property taxes must be passed along to renters but I've never seen a renter complain to the taxing authorities.
    1
  64700. Rocking a half stack in a condo 🤘🏻 Is that a Mesa Boogie rig?
    1
  64701.  @MichaelBordenaro  I assume these pod renters are able use some common areas (besides bathrooms) that make it somewhat more enjoyable to live there. 20 bucks a night, inclusive, ain’t bad.
    1
  64702. Best vid location. 😎
    1
  64703. It would take a multi-millionaire to buy that house. If I had that much money, would I not build my own house? Why would I buy a used house with issues and wear and tear?
    1
  64704. You sound like you have learned alot. Keep it up.
    1
  64705. But Michael, I would like to remind you that it's a lot healthier to be delusional in the real estate market than to think they are some top drug dealer by doing all the drugs they can get their hands on. Why I say that, well it's the same type of people that end up pulling this kind of stunts. With tax and insurance that almost $3600 dollars for the credit difference, that in turn is actually $4000+. Essentially your giving up a brand new car payment per year for the next 30 years.
    1
  64706. “Predictions” will never be right. Because any type of “market” data this based on national numbers is worthless. Every city is vastly different. Every neighborhood in each city is vastly different. Even blocks and streets in each neighborhood is different. National data is 100% worthless and useless.
    1
  64707. Yeah, inflation will make 2 million dollars in 10 to 20 years worth a lot less than today. I retired at 65 with 300K and own everything. I've invested in Gold and silver and has been very very good to me. I'm comfortable. Just be smart with money.
    1
  64708. The whole thing was trapping you into thinking you own something when the whole time it's just a money pit that eats money .taxes means if you get sick and can't pay it's gone .
    1
  64709. The irony might be the insurance company's will eventually own the properties and rent back !
    1
  64710. Inflation will eat up your saving...the way thing's go is 20k might not be enough..
    1
  64711. Lol bro ain’t the same without the shades and cutoff shirt
    1
  64712. Lmao how the hell do the fed think this too be true …. Most of us are making the same or less even from hours being cut from “covid has cut our budget so we can’t give you a raise but the white collar workers got a bump but the person who does the actual physical skilled trades labour makes the same with less hours paid then pre covid … Back asswords!
    1
  64713. Thank you Michael. Great video as always. I love to see your walks through too through the neighborhoods of Miami 😊
    1
  64714. The ’recapture rule’ may apply if the just/market value of the property decreases. The assessed value will still increase by 3% (homestead) or 10% (non-homestead) annually until it reaches the just/market value. Assessed value can never be more than just/market value. When the just/market value increases, the applicable cap will again limit future increases of the assessed value. Only 7 times in the past 27 yrs has the 3% cap been invoked. I find no meaningful increase in millage rates in Sarasota County over the past several yrs in a brief search.
    1
  64715. Happy Birthday and wishing many more to cone
    1
  64716. I’m a believer that Florida is not for everyone. My brother lived in Miami Lakes, and thrived. Me? Not so much. I like the Midwest and the seasons. I respect and support those who can make a life there and be happy. We do like Universal Orlando, so we’re happy to help the economy. :) I like your channel.
    1
  64717. I am on a plane to San Diego as I type this. (Coming back from a week in Atlanta.). It was so nice being in Atlanta…so lush and green, all of the houses were beautiful, better prices, great, true friends there. No graffiti or homeless (at least where I was in the northern part of Atlanta.). I found myself telling my husband that we should move back there (I grew up there.) He said maybe when we retire. That being said, San Diego is awesome! We have a house there, and the weather is damn near perfect! Much milder. I am now happy to go home to San Diego and stay there. California can put you through the paces, but for now, for me, it continues to be worth it!
    1
  64718. Good thing I got my house at the end of 2018
    1
  64719. You’re welcome 💐
    1
  64720. Patients is a virtue
    1
  64721. Hedge funds have completely ruined mobile home parks. Wherever hedge funds have come in and bought up MHP's - they essentially financially rape the lesees who cannot move. These hedge funds trap people and extract all their money - then evict them and fill the space with the next victim. Unless you own the land, mobile homes are now more expensive than renting an apartment. It's so sad how many people are losing everything because of these greedy heartless bastards who are no better than slave owners. These evil predatory "investors" are perfectly happy to live the high life off the backs of the powerless.
    1
  64722. Happy birthday Michael 🎂 🥳
    1
  64723. Sounds a lot like the Libor rigging of interest rates circa 2007
    1
  64724. There's no room for compassion in capitalism
    1
  64725. Can we get a walking steps map of the route they took?
    1
  64726. Wow Michael, as cool as it was in the Tampa area and in your area, I expected you to be wearing sleeves today.
    1
  64727. I don;t know about other people. I choose to work in an interior windowless office because I get totally controlled light and minimal distractions. The guy I replaced had a massive office with wall to wall 10 foot windows and a view out over Seattle. I's still vacant. I cannot imagine working from home (aka living in my office). I have done that before and did not like it. We're so damn busy there is zero time for blather at a water cooler or office politics. I am just lucky to work with a hell of a team. Can't wait for your Grand Tour.
    1
  64728. I, for one, still use Zillow extensively. But if I ever buy something in your neck of the woods, I’ll be coming straight to you, my man. 😉
    1
  64729. isn't Canada tried to tax foreign investors heavily and finally they had less foreign property buyers...?
    1
  64730. Can you live in Class A motorhome on your own property? Or does Florida have some law against that?
    1
  64731. ​ @MichaelBordenaro  if the house is in a developed neighborhood most cities have codes against it. There is much drama going on now in Broward county over this exact thing. A plot of land out there not amongst other houses is different. At least this is what I am hearing from people going through this in Coopercity, Plantation and Coral Springs.
    1
  64732. "u ready?" --- Student Loans
    1
  64733. They all want to be instagram and YouTube famous, like you.
    1
  64734. No accountability. The government is the cause of all our problems. Unless where in a bull market.
    1
  64735. You need a dancing Kitty That will make everything better😂😂😂If you want to know Amazon's doing that now If something didn't go for a rite on Amazon and animal pops up What's very cute😂😂 Go give it a try That's how Amazon does there errors You get cat or dog cute Picture
    1
  64736. Talking about that 1% northeasters. Everything is golden here ✨🌟💪🏼🌊
    1
  64737. The horse has already bolted on remote work. I reckon employees are fed up with corporates controlling where they live and how they work. It's a bygone era. Commercial reality is definitely in trouble as a result.
    1
  64738. I hope people realize that the number of Boomers retiring is going to be above 11,000 a day according to the latest calculations heading into the mid 2030s. Where ever the Boomers dominate the housing market it’s risky buying homes in those subdivision neighborhoods. The Boomers have to start failing to sell off millions of homes an buying into their neighborhoods is going to be a plague of unwanted problems.
    1
  64739. Great vid! Thank u!!
    1
  64740. Bitcoin is gonna pay 💰 off
    1
  64741. Stagflation buddy ..
    1
  64742. DE-flation is MUCH WORSE than inflation!!
    1
  64743. I was at Taco Bell last week for take out. I was shocked $24, for 2 crunchy wraps and 3 tacos no drinks. $24 Really! Whatever happened to the $5. box.
    1
  64744. I have 120k for down payment and can't find a house where I want to live. I don't want to live in the ghetto. I am looking at Broward County, well really west palm beach area all the way down to Miami, I like Clearwater beach too. If I were to stay in cali I only want to move to Orange County because that is about the only place in cali that isn't ghetto but a studio in Orange County, CA cost 550k and above.
    1
  64745. -Everything is leveraged. Everything is fake. And THAT, folks, is the real heart of the problem.
    1
  64746. Why tie all your money up in purchasing a home. When you are older and unless you have money to burn, it makes no sense to purchase another place and be house poor because of it.
    1
  64747. Michael please say the price of the houses you show. I am often driving. Thanks
    1
  64748. Use to live in CA now in OR. OR is only marginally better. The area that could tempt me is the Paso Robles to Morro Bay/ San Luis Obispo Area. If you like the low key style of Marin you should check it out.
    1
  64749. 4:18 when the value of land is double of the value of the building on it smells speculation what probably made to enforce a population change in miami.
    1
  64750. Thanks for your fabulous update..😍
    1
  64751. Why don’t you have instagram?
    1
  64752. Hi Michael.Thank you again for all your good work hope 2023 is good for you. You are right 2023 will see all properties prices will fall some by over 60% in 2023. Spot on with comment on houses being sold just for the land.
    1
  64753. Here is a situation when people will choose a mobile home over an apartment: Animals, having several pets, big dogs.
    1
  64754. Many seniors and many younger Americans can’t afford to live in their paid off homes proving the point that the home owns you.
    1
  64755. I really like your channel man, that’s why I chirp. You are a kind smart guy. Ty for your videos
    1
  64756. I love Marina Del Rey my best friend lives there.. Really nice 👍🏼
    1
  64757. ❤❤
    1
  64758. majority of people do not have the discipline to self insure and not use the money for something else. that's the problem.
    1
  64759. THIS IS WHERE I SOLD MY CONDO 6WEEKS AGO. $402,000 2 bd3 ba1,551 sqft Price cut: $22K (9/15) 705 W Queen Creek Rd UNIT 1039, Chandler, AZ 85248 This is the condo OpenDoor bought for $453K and listed it for $485K
    1
  64760. This was happening in California in 1978 big time! Property taxes were going up exponentially and forcing people out of thier homes even after the were paid for.... Jarvis-Gann puts stop to that BS immediately. People who want to repeal Jarvis-Gann are clueless and short sighted.
    1
  64761. Looks just like Mission Beach, San Diego.
    1
  64762. They won't get that price. They won't from anyone that has some smarts?
    1
  64763. I live in Charlotte county and it's the same. 3 people in my neighborhood have been trying to sell for a year, one refuses to budge on their 375,000 asking price. The others just have zero interest which is a shame because one has a basketball court.
    1
  64764. It’s election year, nobody will admit anything
    1
  64765. Not much blue on that map.
    1
  64766. Oh my goodness - Kmart layaway - what a blast from the past! Many years ago when I was a struggling divorced mom, Kmart layaway how I managed to get Christmas presents for my daughter. I was really grateful to be able to pay a small amount, over time, without interest. I'm glad that I don't have to rely on that type program any more.
    1
  64767. Great video and research. I am in NY and renting and planning to move to FL in end of 2023 or 2024 when everything cools down.
    1
  64768. I saw a condo that was published a few months ago for 239K they are flipping it. 325K is a big jump. They dropped it to $310K. I would make a offer of 270 including the future. They did work, sure, but not that much. The HOA is 300.00
    1
  64769. Hedges in Miami are beautiful! You should do a segment on the landscape lol
    1
  64770. It looks like you’re in Rockford Illinois. I worked there for one year and that looks like the sidewalk I used to walk on.???
    1
  64771. Map great idea!
    1
  64772. FIRST!!! this has never happened to me, I’m excited
    1
  64773. The numbers are full of pucky
    1
  64774. AND THEN, some people brag about having a paid off house. NEVER exactly paid off folks
    1
  64775. I self-insured for the seven years I owned a condo in Boca Raton. I’d paid cash for the place and at that time the master policy covered reconstruction of the building to the interior studs. I estimated it would cost about $40-50k to rebuild the interior and so I took the chance of not holding insurance. The building never burned down or collapsed into the intracoastal so my gamble paid off. I wouldn’t self-insure a free-standing house as the cost to rebuild would be significant and entirely on my shoulders. It’s a bridge too far. Luckily, having lived in SE Asia these past six years I’ve refined my lifelong minimalist lifestyle. I’ve been living in studio apartments, well-appointed but small, about 250sqft. So I won’t need much space when I eventually re-establish myself back in the USA. And that’s probably the best advice on this topic. Learn to be happy with less. All that extra stuff and space to store it just weighs you down in life.
    1
  64776. Michael, I bet that stupid Alice AI girlfriend app was designed in the state you are visiting and spending money in. Come back to Florida, please! SOS
    1
  64777. Its just like Potus said earlier this week: NO REGERTS
    1
  64778. 😮 keep on Rocking brother 🎸
    1
  64779. Redefining terminology is an Orwellian tactic and has been practiced by all communist and totalitarian regimes throughout history, and to this day with activist pukes in the President Houseplant Administration. 'Undocumented Immigrants' vs. Illegal aliens.. 'Economic downturn' vs. Recession.. 'Transitory' inflation vs. long-term inflation.. 'Gender neutral' vs. male and female. Continuing on with this madness will ultimately redefine murder as simply 'advanced aggression'. Then it's truly over.
    1
  64780. I like the listing that have a sale less than 1 yr prior, the price is 100K higher and the house now has a gutted kitchen from a botched DIY home depot renovation. Good Luck with that!
    1
  64781. The liberal media says everything is wonderful!
    1
  64782. Michael, how do you feel about buying foreclosed property at auction?
    1
  64783. Great content...What brand are your sunglasses?
    1
  64784. When you see so many cars in a driveway, it means , MULTIPLE FAMILIES living there... BAD SIGN. Homes in San Diego hitting 50% , JUST NOBODY TALKING ABOUT IT, Maybe just Maybe people will start paying 20% over asking again. 😅🤣😅🤣😅 NO Inspection, No appraisal, NO questions. When i saw that , I knew people Done Lost Their Minds... (im talking million + dollar homes. going to be slow and BRUTAL... Check out 5757 Linea Del Cielo, Rancho Santa Fe, CA. That in San Diego County.
    1
  64785. Michael, there is another Karen out there,CODE ENFORCEMENT.they can be more brutal.i lived in cape coral ,Florida for 28 years .I use to call them code Nazi's.😎😁.
    1
  64786. Always Great to see you Michael.
    1
  64787. Nice
    1
  64788. LOL just wait, buy a house this year an next year taxs, HOA, insurance and CDD Escrow started at 457 per month in 2023. Now in 2024 it's 930 per month due to higher everything. Total Joke and it's a complete ripoff.
    1
  64789. 200k in May🎉🎉🎉❤
    1
  64790. Actually New Jersey is a high investment state. If a foreign buyer wants to invest, but stay at bay in a relax area they come here, but travel to NY. Also Netflix is opening up a production area here in NJ so even more booming.
    1
  64791. Michael in the jungle…. we got fun & games!
    1
  64792. I sold real estate from the 70’s and I lived thru them all and learned from all. My house is mortgage free,no credit card debt. No debt at all. I listen
    1
  64793. Good point. Payroll is a huge part of your bottom line. Layoffs will inflate profits to make it seem like things are normal. While keeping firings quiet. The consumer doesn’t care about companies layoffs, only value.
    1
  64794. Evicting a 93 year old woman is criminal. Minnesota loves their immigrants more than they love their native Minnesotans.
    1
  64795. We are in a housing crisis. These homes are no longer affordable. It's all greed
    1
  64796. god forbid all of those government "workers" who are supposed to investigate fraud and such actually did something. anything. Nah, that's crazy talk.
    1
  64797. Thanks again for another great video! How you can talk 20 straight and keep it interesting is a gift! Thanks MB ❤
    1
  64798. Your love affair with Cali is extremely funny. The state is falling apart
    1
  64799. 1st
    1
  64800. Informative video. Do most people get Sinkhole Insurance in FL?
    1
  64801. You need sun block on. Just saying.
    1
  64802. Michael I was told by a realtor that the large increases are only applicable to condos over 2 stories high is that true?
    1
  64803. 😁😁😁😁😁😁
    1
  64804. At least gas as surged down....
    1
  64805.  @MichaelBordenaro  When you put it that way, I ask myself, is it more likely that the original seller just paid for fake clicks in a clickfarm, or is it more likely that they had highly effective SEO embedded in the theme choice, (which they somehow chose to sell for $2k while they could easily charge $5k a month to do that service for any company) and then a new SEO professional couldn't replicate the results? Occam's razor would hint that you're probably right, and the original seller was simply a scammer. Either way, you do a good service by telling your listeners that it was a mistake not to get added to the analytics account. If you had done that you could have easily spotted all the fake clickfarm traffic coming from somewhere in Asia. Another thing that's valuable (which you don't mention explicitly but anyone reading between the lines can see) is that it pays to start small. Lots of websites out there selling for 500k+ and some of them are pretty clearly borderline scams. It makes a lot of sense to start small with business acquisitions and learn lessons at the price of $2000 instead of paying the price of homelessness/bankruptcy.
    1
  64806. Micheal where can I purchase some gold and silver???? Like is it through a company or stock ???
    1
  64807. It must be very bad.
    1
  64808. Michael, really like the way you paint the picture on the housing situation. With the lumber prices dropping and builders not working, I’m thinking of buying land in a year and build what I want. Currently I rent and have no debt, looking to use that to my advantage. Keep up the good work hope the nea sayers leave you alone.
    1
  64809. God help you if you buy with an adjustable rate mortgage & its a new house withba lot value in your property tax escrow. You will see more foreclosures as a result of this issue on the property taxes.
    1
  64810. Let us know what the South Florida market looks like now! Thanks
    1
  64811. Interesting approach suing the insurance company, why not just switch? Both my insurance policies two different companies tried to double my premium last year. Found a great insurance broker, he was able to LOWER my premium, now paying 750/year and 850 per year instead of 1650 each. Shop around!!
    1
  64812.  @MichaelBordenaro  thnx for the answer.
    1
  64813. What is going to happen to Airbnbs when no one can go on vacation?
    1
  64814. Corporate GREED everywhere! This is what makes societies collapse!
    1
  64815. would love to see a focus on miami & miami beach entry level homes and also just for interest another one miami to west palm showing several entry level homes in each area. (up to 350,000) -single family
    1
  64816. It’s the situation carriers are in. Either the rates shoot up to keep up, unfortunate case of higher bonuses issued to CEOs, separate to that most carriers lost millions in 2023. Aggressive push to increase rates substantially all over the country. Bad underwriting got carriers into the predicament they’re in. Cherry on top was the economy being fucked up at the same time.
    1
  64817. You can't trust Big Government data. How can people be "flush" with cash when credit card debt is skyrocketing? Q1 2021 consumer credit card debt was at .79 trillion. Q3 2023 consumer credit card debt is at 1.079 trillion dollars.
    1
  64818. It would be good for you to go to a place where you are not miserable in any type of weather... it will be fun to see you mix it up at different places.
    1
  64819. 🌴🎄🌴🎄🌴🎄🌴🎄🎄❗️🎄🌴 Thank you Michael for another very informative video. I get so jealous still every time I see you walking In a tank top. The escrow on my restaurant should close soon and then I just might fly out there. I need warm weather. Thank you 🙏
    1
  64820. Thanks mike.
    1
  64821. Only a congratulations to Sarah,no congrats to your new brother in law? Guess you aren't a fan of his! :)
    1
  64822. Who has this kind of money for these miami houses 🤣🤣. Also miami starting to sound like california. I mean california still has a median home price of like over 800,000 but still.
    1
  64823. Show the houses. Keep doing what you’ve doing.
    1
  64824. Lots of loose money still out there
    1
  64825. Use of the term “skyrocket” has skyrocketed lol
    1
  64826. Plane ticket from Knoxville Tennessee to Sacramento California Paid $900.00 on 6-1-2022 to fly this Saturday
    1
  64827. The market is speaking.
    1
  64828. I saw a video the other day.With government figures from the UK.He said there is an excess death rate of 17%.And,Its happening world wide.Started happening a couple years ago.Not sure why.People are just leaving.Very weird.Lots of vacancies here and on the horizon.
    1
  64829. What a farse! Talk about mental gymnastics. Groceries are our #1 expense every month (family of 4). More than our mortgage...
    1
  64830. $200×12×30 = $72,000. Nice but not incredible.
    1
  64831. My insurance /taxes on 2 homes in SD is ~ $10K😮but now I feel better🙄
    1
  64832. Nice, what a crew. Like it!!!!
    1
  64833. I wish they would stop lying about the numbers, but that won't happen. They only know how to lie to control the narrative.
    1
  64834. Whoever bought that Bay Islands home overpaid for it.........:)
    1
  64835. Just think of all the people who will walk away from these homes.
    1
  64836. Michael 100,000 in Tn after taxes and rent is not 86 ,000..Fed takes $ 14,260.50 social security tax 6,200 medicare tax 1,450 total 21,910 in Tn. Then rent/mortgage after all that your looking 53,000 left not 86,000
    1
  64837. Why isn't someone stopping this??!! We are going to have TONS of homeless that go to work everyday. How can this be??!!
    1
  64838. NEVER work with recruiting companies. All they want is your resume and contact names.
    1
  64839. I Hope it drops 30 percent so I can buy without being upside down in a mortgage.
    1
  64840. For 1 car
    1
  64841. We've had a bubble everywhere else....why not an insurance bubble next?
    1
  64842. I love the collab!
    1
  64843. Hollywood Beach has a bunch of old buildings also.
    1
  64844. Michael, you give the real deal info. I think like that long before this housing situation. But I am feeling left out bc I never owned the house and still love single family homes. Now at almost 64 I may never experience that. Thanks for looking out for other folks. Giving the real deal talk.
    1
  64845. This new series of videos are really cool, you are sharing so much knowledge!!! Why the insurance is so expensive?! Do you really need insurance? I would reinforce my home - instead of paying insurance company, i would try to make my home more I dont know - water / wind proof?
    1
  64846. My rent went up $300 this year.
    1
  64847. A couple homeowners insurance companies stepped into CA and are offering high risk policies. These guys are going to mint money. Due to past coverage shenanigans they know claims will be way down. I had one policy go up by 30% and another up by 10% Pretty expensive but I'll gladly take it. No CA Fair Plan!.
    1
  64848. It lasts about 11 and a half months
    1
  64849. I give them 450K cash. In Miami, only a small percentage of people can buy a house over 1 million. (Only about 10% of the population. Regardless if you think Miami will be saved by people moving in, I doubt that, only dreamers will think that. People in Miami are way over extended trying to live a life they cannot afford. It's all a facade. Welcome to Miami. Feds do not get scare, and the reason its because they do not care about anybody, why would they! Property taxes may go down if your home get reappraised, even in Miami not that easy. I think its the same almost everywhere, but the trick is to get the house reappraised but the city.
    1
  64850. Thank you Michael, another brutally honest video. I love it! The insurance segment tells it like it is.
    1
  64851.  @MichaelBordenaro  hahaha 😆 Lol I'm in the same state as you. Tampa fl
    1
  64852. I used to be a HOA manager but left the profession mostly due to irresponsible homeowners.
    1
  64853. 250,000 for a home may as wel be 1,000,000. I can’t afford either.
    1
  64854. so the property taxes aren't going up... it's just the price of the house we are buying is alot more expensive today...hence higher property taxes.
    1
  64855. There's another agent who suggested to come in low and shoot to be the secondary offer, the backup offer, so when the first offer gets rejected and the buyer walks from the greedy seller, that the second buyer can have more negotiating room with the seller, reminds me of being at a bar and its near closing time, you hit on the hot chick and she turns ya down, before the lights come on, you go for the left over chick lmao p.s very good points on big companys laying people off because the 'real numbers' stem there, what the general public's number is, is questionable like you said about the real inflation numbers, very key point. Great video again, and nice shades man...what kind are they? I'm gonna bite your style lol
    1
  64856. Nice to see your wife found work in cali walking dogs. Haha. Just kidding. Keep up the truth Michael.
    1
  64857. They aren’t saying no to electric cars, they are saying no to prices of new vehicles. Interest rates are too high for people’s monthly payments. Watch the second boom happen when the rates drop.
    1
  64858. Acquiring the last 6 months of Homeowner Association minutes seems like a great idea under any circumstances, for both buyers and lenders.
    1
  64859. TGIF. 🍻
    1
  64860. Michael is going mainstream, got that hair cut.
    1
  64861. Actually that is pretty normal in CA, as we only pay 1.26% property tax all included and Insurance is much cheaper then in Florida. In CA you need to have Earthquake insurance pretty much everywhere. My home in Brentwood CA, pays less taxes that I pay for the house in Upper east side and its worth 5 million + today and my insurance its about 9K per year. Miami is much more expensive as property taxes in Miami-Dade Broward country is about 4.6% all included and insurance is much higher as well. At the end even with more taxes, higher sales taxes in certain areas plus income tax, CA is actually cheaper then Miami (Not real estate). Why: Best shopping in the country, this is a fact, cheapest shopping, better restaurants and Bars and they are much better priced, Labor is based on real rates and not imaginary ones like in Miami, Vegetables are about 1.5 dollars less then in Miami, Gas is more expensive in CA, but at the end it even out. and so on. Both have great things to offer, but CA as it all, Mountains, Snow, Desert, beaches (definitively Florida wins in the latest, as the 2 best beaches in the country are in Sarasota, Siesta keys and Lido beach) Maybe I should keep my home there.
    1
  64862. Bank of Canada and Australia paused the interest rate hike last time and just yesterday they had to increase it because the inflation has increased again! Hiking of interest rates is creating to crash economy , to cool it off or we will be stuck with the inflation forever and become poor and then the economy disappears
    1
  64863. As for Florida, is the sunny warm weather new? I don't have the answer for Florida's consumer confidence moving up but I would suggest it isn't the weather.
    1
  64864. bro, great depression unemployment numbers were 25%. the great recession of 08 data was 10%. we are at about 4% unemployment rate as of May. .04% higher than a year ago according to you. you really driving this home as a great recession heading towards great depression territory? is that your final answer?
    1
  64865. I don’t believe any info the govt is putting out. They manipulate the numbers to make the economy look better. It’s in the tank now.
    1
  64866. Dude i see you make these videos it appears you are only one in Florida left. Where are the people and cars I rarely ever see any cars or pedestrians walking around?🤣
    1
  64867. I’d love to see a Florida mall please 🙏. (From Toronto)
    1
  64868. Yeah, homeowners don’t want to hear that their house is decreasing in value. Once upon a time everybody wanted their house to be worth $1 million and in your area they wanted to be worth $4 million or 10 million. Miami doesn’t represent this country anymore so they can have it. but the rest of the country needs the median house to come back down to about 230. And realtors, don’t you tell them that this is not the best time to buy in world history because they’re a bunch of little twats in general. I deal with them all day long nothing against you. You’re awesome! I hate to say it, but when Trump comes in, everything‘s gonna go up even higher. I think this country needs to crash and burn and I really think it’s about to. We need to get rid of black rock and all of those investment firms that interfere with the average person buying a normal home.I don’t know how but some big changes need to happen. And yes, printing money and giving money to other countries so that we can produce more arms is not helping the citizen. I booked around quite a bit in my life and I’m happy to be in Florida at the moment. Born and raised in Miami Beach and Miami. I definitely have a love-hate relationship with it.
    1
  64869. 👍
    1
  64870. You are exactly right 👊🏻
    1
  64871. Every bit of this insanity has been caused by politicians and the voters who put them in office. Americans have proven to be susceptible to propaganda for failed policies. The Peoples Republic of New York is a failed state that gets more and more despotic by the day. This entire societal structure is not sustainable.
    1
  64872. Gotta love Metallica!!!
    1
  64873. We have a price problem but Airbnb just sucks
    1
  64874. Go into more debt for Christmas gifts smdh
    1
  64875. As usual you always have everyone enjoy the free party food and drinks then comes the hangover!
    1
  64876. The court system can easily overturn an assignment of benefits rider on a case of fraud..
    1
  64877. You have brought up a very good point and I will use this forum to raise awareness about this. Corrupt politicians from the third world countries steal the public money thru white-collar corruption and bring them money to the West and North America buying real estate. These people should NEVER be encouraged. They are CRIMINALS. This is what is going on in Pakistan right now. These corrupt political leaders and the army generals support each other in corruption. They have looted Pakistan of 1000 billion dollars and have brought their money to the WEST. Many of them own shopping malls, and other expensive real estate. You should NOT be greedy as a realtor. I feel that it is our obligation as humanity to discourage corruption. Sell first to the first-time home buyers (fulfilling American dream), then to the US investor. You should NOT allow any foreigners specially from Africa, Pakistan, (and other 3rd world country) to buy property here.
    1
  64878. Seems like we’ve outgrown our communities’ ability to protect against risk.
    1
  64879. Insurance is legalized extortion. The insurance companies bribe congress with a lot of money to make it illegal for you, if you don't have it. Lobbying should be illegal. it is nothing more then legalized bribery.
    1
  64880. I believe we are already in a recession. I have seen this play out before a few times. The government will NEVER announce this we are in a recession before a mid term elections, only after the elections to secure votes for the party in power.
    1
  64881.  @MichaelBordenaro  correct, by the time July comes around, and domestic earnings from some large companies are already contracting, a mild recession may have already started. The government in DC will always try to spin a positive narratives and talk about other great reports.
    1
  64882. Finally, some T&A. If needed, FDIC will pay out within two business days, but they never do because another bank buys the failing bank. Per FDIC.
    1
  64883. You're usually right & I'm waiting... it will be a buyer's market soon enough...Thanks Mike!
    1
  64884. It was 96 degrees two days last week and it got up to 95 degrees at my house today! So I am staying inside going through things with Youtube on the TV. Our rainy season was cut off in June so we are locked into the horrible weather. That's another reason I have my house surrounded by trees. The for sale signs are popping up here in Westwood Lakes and I see them in Glenvar Heights and Sunkist too.
    1
  64885. Depreciation deduction generators and Krazy listings... is there a connection? I sure hope you did not stop stand or loiter just after 12:00. Teaser rates suck canal water... Venice canal water.
    1
  64886. When i die I want to go with the knowIedge I never hurt or screwed anyone over. Love you brother.
    1
  64887. California is trying charge income on those who left. Blue state migrants could potentially screw Florida up as bad as the state they moved from.
    1
  64888. It’s only doom and gloom if the shoe fits. 😂
    1
  64889. Thank you
    1
  64890. As for whether in recession, Atlanta Fed (who is tasked to predict GDP) has the most recent (06/15) GDP growth forecast for 2022Q2 at 0%, down from 0.9% at the beginning of June. It's been a down trend revision for a while. Overall, Atlanta Fed has a good track record. So very likely they'll announce 'official' recession is here once Q2 number is out.
    1
  64891. Inflation is definitely putting a squeeze on everyone. Besides food and basic living expenses, all of my business expenses are WAY up and rising at a much higher rate than the "official" rate of inflation.
    1
  64892. Another relevant and great video
    1
  64893. Hubby's so lucky, I stole him from 1) A Karen and 2) She resided in/was a TO resident.... 😮 😂
    1
  64894. mortgage bankers always say for free. they just roll in charges into equity . they mean no out of pocket. there are closing cost no matter what. It will cost you at least 2k to refi
    1
  64895. My two Heros !
    1
  64896. Similar in McAllen,Tx . We just got a Special Assessment and unable to get a breakdown for Special Assessment
    1
  64897. Florida Is too much going on there The rich get rich then get there money out screw everyone else It’s time due
    1
  64898. When you come out to the SF Bay Area - I'd recommend walking the Ballena neighborhood of Alameda, for a nice waterfront vibe. Very low poop zone.
    1
  64899. Isn5 the medium income a relative term —- it has to be area , tow, it or state. That was the way I look at it. Yes Austin is going down, I’m in the Dallas area, we have gone Dow, the problem with Austin most moved to an area or Texas when we had a work and live anywhere, now the companies have told them come back to the office so they had to sell.
    1
  64900. $50 or $70 per month is less than a cell phone monthly service
    1
  64901. Youtuber James Briggs is from Torrance CA Definitely head over to Redondo Beach ..you wont regret walking on that beach!
    1
  64902. It is an odd concept that the seller pays the full commission, it's an antiquated system that needs to change.
    1
  64903. Reminds me of a divorce situation where party A has to pay for his/her attorney AND also for the attorney for the opposing party (B). Party A is actually paying someone to work against him/her. Yeah, that doesn't make sense at all. And in this situation, the seller is funding the abilities of the agent that's working against him/her, as well as the agent that's representing him/her. I gotta say, based on that scenario, this law suit is right. If a buyer "hires" a buyer's agent, then they should have to pay that agent.
    1
  64904. Hi Michael,I am from Canada who have been looking for property in Florida since a year ago so you think Which time is good time for me to buy? please
    1
  64905. I was just about to purchase a small mobile home park in bad repair just before Covid hit. The sellers backed out at the last minute, which was fine. In debt before a crash is not the best position to be in.
    1
  64906. Ty
    1
  64907. Hey Micheal what about all the PPP Loans that Real Estate Agents took for 100's of thousands of dollars and do not have to pay that money back - Who is paying that?????
    1
  64908. Big shortage in apartments that are affordable. Tons and tons of luxury complexes (like grant cardone's) popping up all over the place and vacancies are increasing. The rental crash will occur with single family homes and luxury apartment buildings. Middle of the road apartments continue to creep upwards
    1
  64909. I have sold 8 houses and paid well over $100,000 in realtor fees. But I always bought a house at the same time so the buyer’s agent got paid. I know a young man in New York City who just agreed to pay $3,000 to a realtor for an apartment in Harlem! Maybe something in between the two would work best
    1
  64910. Hell yeah love his channel!!!!
    1
  64911. Regular Aldi shopper. Good prices.
    1
  64912. Thanks for keeping us up on the trends. Like the guitar work.
    1
  64913. Insurance rates for home and auto aren't any better in Texas 😂. Raise those deductibles to help decrease the costs.
    1
  64914. Great video! Thanks for sharing.
    1
  64915. Native CA Santa Cruz area beach mountains Carmel, Big Sur , Monterey , perfect weather...
    1
  64916. I put on my welding mask and had a perfect view. Unfortunatly it filtered out the super powers!
    1
  64917. So buying a condo now is a big trap! Thanks for the info!
    1
  64918. Should visit Huntington Beach while you're in Cali brotha, it's a great area
    1
  64919. How can I get a job in Florida out of state?
    1
  64920. The banks lent the money, just to make a quick buck, then, they say they are responsible lenders, blah, blah, blah!. I think there is more truth coming out of the chinese government than western governments. Inflation is far higher than what they keep telling us. Now they are importing cheap student labour from asia to keep wages down, and there is a housing shortage, go figure, so the rich can get richer. Dennis from Australia. Keep up the good work Michael.
    1
  64921. The government is printing money and overspending. It's them doing the damage. It wants everyone's credit score to drop. You will own nothing.
    1
  64922. If anything, the HOA by laws, CCR's, and financials should be made accessible through agents for prospective buyers PRIOR to offers/escrow. It's not the seller's or agent's responsibility to interpret what the documents reveal. If you as a buyer can't do your own analysis of a simple P&L statement, then you shouldn't own property, much less vote in this country.
    1
  64923. The reason why they won’t crash the economy is when an empire dies it goes to war and they need cash to finance it like the British empire last century and to get their cdc slave money plumbing in place.
    1
  64924. can greed be fixed
    1
  64925. Banks are continuing criminal enterprises. Search term " bank consent orders". Nice marina walk. How about a fun gator walk?. Ha ha. What does history say is next?
    1
  64926. It’s called a “free market” for a reason. It works itself out in every way…… if you let it
    1
  64927. Desirable is all in the eyes of the beholder. I hopefully will never live in Florida because its way too hot and humid. And I hopefully will never live in a big city because I hate traffic and dealing with lots of people. I have lived me whole life in the deep southeast but not Florida. When I retire I want to live in the North Georgia Mountains, the best kept secret of cooler low humid summers and not extreme cold winters like the North. So if you are conservative please move to south Florida to enjoy the sunny beaches. If you are liberal, California is absolutely the very best place to live and you will love their Governor. 😎🏖🌞
    1
  64928. The FXT guy would like to start another ponzi scheme-to pay off the suckers he feels so bad about.
    1
  64929. I thought you're protected when the lawyers do a title search?
    1
  64930. In Atlanta here, $580k listing price sold at $700k !! I am out for that.
    1
  64931. Well I wouldn't trust anything from Wells Fargo
    1
  64932. Good video and analysis. Where was this filmed? Beautiful scenery
    1
  64933. Thank you.
    1
  64934. Save Our Homes limits the assessment increases. Homestead is being confused with that. They are commonly applied together, but the SOH has way more value over time than "homestead". My property taxes were $2050 in 2011. They are $2100 now. My SOH assessment is mid $150k. The house is worth mid $600k. The tax just value is mid $400k. I get taxed on the $150k SOH assessment minus $50k homestead, or a little over $100k. My millage is $19.xx (something). It has actually gone down as my assesment has risen. Thats how I get $2100. So its all about how corrupt the tax office is on millage, combined with how dumb or gullible the citizens are. As we vote for the tax appraiser here in Pinellas. Miami, or any rising tax area, is just full of (relatively) stupid and lazy people. Enjoy.
    1
  64935. HOA's have similar power to lien or foreclose your property when they want to collect a fine, etc
    1
  64936. Corporations instead of laying people off in mass which would require them to give an advance notice e and maybe a severance, are just firing people every month to avoid that. Once a month someone gets let go.
    1
  64937. their lies on the economy will only get greater and greater as we get closer to the economy. the next day the depression!
    1
  64938. Still looking good! You don’t need glasses to look cool
    1
  64939. svb deposits abd 401k are fine i think. they should be poof because they are a garbage bank that should have failed 100% but once again taxpayers are apparently on the hook again for all the accounts over the fdic limits. the ability of the fed and treasury to do this without even congress consent is straight up tyranny.
    1
  64940. My wife and I are in shitty spot. 8 years ago we bought a 2 bed 1 bath and never planned on having kids. We’ll now we have our 2nd child on our way and we need a bigger house. Now we’re not sure what to do. We desperately need more room but I don’t want to buy and overpay. We have $100k in equity but damn buying a big expensive house will kill us on taxes and now mortgage rates. We have the money buy I guess we’re too cheap.
    1
  64941. Upgrade to Platinum handcuffs
    1
  64942. If you really wanted to shoot videos in the rain, you could buy a waterproof rain jacket like frog togs. I am a vendor and I'm in and out, sometimes I work outside for several hours and that's what I use. Just an option instead of the umbrella.
    1
  64943. Thanks!
    1
  64944. Dad, you have the coolest son (just like I do :)
    1
  64945. Bruh I subscribed and then YT unsubscribed me on some bullshit… resub tho
    1
  64946. I actually watch it from Russian, and here the situation is pretty close , but the interests rates are actually almost 20% and the precises have gone up significantly since before pandemic. Feels like situation isn't going get better down the road
    1
  64947. Seniors in my neighborhood are in their 80's. Modern medicine prolongs life. The jab might change that. Time will tell.
    1
  64948. Hi! The first 2 minutes of the video were you walking past North Beach Elementary? Looks like the exact neighborhood I used to live in.
    1
  64949.  @MichaelBordenaro  Fantastic! I’m the one who reached out here and on IG to you and requested that neighborhood. Greatly appreciated! I’m back in Las Vegas now so this was an extra special walk & talk update for me. ❤️
    1
  64950. Thank you for pronouncing "veteran" correctly.
    1
  64951. Wait 12 to 24 months then you will see like before houses on the market super cheap
    1
  64952. Nice upload sir, keep them coming😃
    1
  64953. Well done gents. The best video for both of you!
    1
  64954. I tried to buy a motorcycle. They were trying to get me at 10.49% apr. they said if I had lower credit I would have gotten a better rate. I just walked out.
    1
  64955. We are just waiting....no rush 😊to buy
    1
  64956. Good video Michael Ive been telling my youtube friends about your channel so i hope it helps you. I wonder if Ron DeSantis passed that squatting law for those Floridians getting forced out of thee homes ? I only say that because we dont have a big problem with squatting over all YET😮
    1
  64957. Retired person don't need a lot by the way roof ,food and heat all the remaining is obsolete for them don't forget and poor planning for some of those with low income
    1
  64958. Wall Street buying up mobile home parks and jacking up prices.
    1
  64959. If buyers are required to pay the buyers brokerage fee that will effect the amount of money they need to come up with. FHA and Conventional with 3-5% down are a struggle for many buyers. Imagine them having to come up with another couple percent.
    1
  64960. The landscaping is amazing there...are there codes limiting height of houses there? they could be blocking someones view..
    1
  64961. Wow! Very helpful information. My sister has always tried talking me into being a landlord-owner occupied duplex sort of thing. On paper sounds financially seems pragmatic but I told her my gut instinct -hard pass. I would not want to deal with tenants not paying rent, repairs, etc. Glad the companies cannot buy houses unfair to those like me waiting. Not sure about Florida now with home owner insurance increase so I will investigate NC or Georgia. I’m in Fairfield county CT like Miami low inventory and prices have come down by like 10-15k still way inflated.
    1
  64962. Love scorpions ! Nice job
    1
  64963. Captain of the Titanic, after hitting iceberg. "We'll be okay."
    1
  64964. Damn, nothing funny in that man, u could have broken your leg ! Can you sue them?
    1
  64965. Whoa! Michael’s wearing a shirt with SLEEVES! He must be enjoying our recent cooldown in Florida.
    1
  64966. Great content new sub thanks for the work.
    1
  64967. A recession is two negative GDP quarters in a row. Problem is, they lie about our GDP numbers.
    1
  64968. LMFAO 11%? Wow, that is some magical fantastical math right there. Homes that used to be around $500k are now between $1.2 - $2 mil here. Please, I'd love to know how they got 11%. Someone has 20 acres around the corner from my house at $1.75 mil right now. That's better then the clowns that had .63 acre lots for $1.1 mil with no house, nothing paved, and only utilities at the front. Have fun building anything because it's a 3 year waiting list.
    1
  64969.  @MichaelBordenaro  Yeah! It's good to see a young guy with some brains!
    1
  64970.  @MichaelBordenaro  My son in law and daughter dumped $12 million here in Las Vegas in 2008 and are about to dump another $12 million. My son and daughter in law are about to dump $500,000 on two properties here. He is only 47....still maturing (apparently). No one wants to listen.....all this could have been avoided if they would have listened. I enjoy your videos and agree 100% with you. Most of my daughter's properties are in Calif. this time around. That's a real nightmare. They just passed a new law there. When you evict a tenant for nonpayment you have to pay the tenant a months rent.
    1
  64971. Credit check is going to be a much bigger issue when renting. ..... and security deposit.
    1
  64972. I'm old and living in California my Bill's have not been increasing knock on wood ,but when its 70 in the house with the back door opened why do you need to heat LOL.
    1
  64973. Beautiful area! Love that pale green and peach house that you began and ended the video on. Greedflation…my sisters and I were talking about that the other day. Also…I paid more money this year for my son and I’s tickets back to the south than last year. Oh well…. Have a great weekend!
    1
  64974. Mike, subscribe and like your video sometime in the first part of the video not just at the end.
    1
  64975. Michael, We were fortunate to buy when rates were low. We live in one of the hot markets you speak about with outrageous gas and food prices. We watch these videos and ask ourselves if moving to a "cheaper" area is worth it or even feasible on the balance. We look at formerly reasonably priced areas in the South and sadly realize those areas are not the deals they once were. Also, I am not as young as I used to be. Changing jobs on a whim isn't a solid plan.
    1
  64976.  @MichaelBordenaro  100%
    1
  64977. 👍👍👍
    1
  64978. All the things that your wife is doing I'm doing really helps thanks for telling me I'm doing a good thing saving is the best.....feels very good 🤗🥝💛
    1
  64979. EV's are a rich mans toy and a poor mans burden. 25k+ to replace the battery packs when they eventually go bad.
    1
  64980. We have way more inventory then we need in Nashville right now
    1
  64981. These condo buyouts are the private version of eminent domain takeovers. If we continue to be ruled by corrupt leaders, the government will do the same with property taxes to those of us who still own our properties. You will own nothing and you will be happy--it's the [cabal's] plan.
    1
  64982. the recession has been here for at least a year .... they have been playing kick the can for decades.... Finical Reset incoming.....the Fed is not going to rate cut... if they do that means the collapse is just one step away.... they need to too push the economy the world economy to the point of breaking inorder to attempt their reset
    1
  64983.  @MichaelBordenaro  I THOUGHT you'd say something like that!
    1
  64984. Hmm... why are the parks there always so empty? Hardly any people. I live in a small Canadian town, and we usually have 200-400 people in our parks.
    1
  64985. You look more cool with the shades.
    1
  64986. Ahhh.... Bordenaro time. Citizen's must have some serious special protections to be able to simply run up the rates like that. They get rating requests get shot down by the Commissioner because it is the Commissioner's job to protect the policyholders from rapacious market practices. Nobody gets to simply run up the rates to pay the consequences of any carrier having the underwriting practices of a horse's ass. I do not know enough to understand the whole idea of "assessments" to cover stupid practices. Hopefully I will make it to FL and figure this out...
    1
  64987. demographics timebomb , silver tsunami , depopulation... what ever you want to call it. We have more old people than young people and its going to get worse.
    1
  64988. Wow you can rock
    1
  64989. If they had a previous homestead in Florida, then through portability, they can carry forward the save our homes benefits will carry to the new home up to the assessed value of the previous house.
    1
  64990. My husband and I are living on social security only. No pensions. I am a retired RN and my husband is retired from his own remodeling business and a few years at the end working for Home Depot. So we are living on shortly over $20,000 a year. With land values increasing so abruptly though, property taxes are endangering our totally paid for land and house.
    1
  64991. For the algorithm.
    1
  64992. im 42 and yea it gets so much worse lol
    1
  64993. Micheal , is this Millionaire issues, not paying their property taxes ?
    1
  64994. There are more laws now too for foreclosure to continue. Fha hud
    1
  64995. How can I not trust a guitar player......:) and yea, I left Florida in 2022 after 25 years... I lost about 60 grand on probably selling myself. BUT, I took the money and built a place on land I bought in the northeast and for about 300 K. Insurance jumped from 6 k to 14 k there. Same old story of living in Fl. (I could tell you more, but, I am sure you seen it).
    1
  64996. I couldn't agree with you more you're 100% correct
    1
  64997. Michael who would pay $1.6 mill for 1600sft house. Is it on the beach? Can you talk about different types of contingencies?
    1
  64998. It turned out well, but why do people think buying at the top in the middle of a pandemic was a good idea?
    1
  64999. I like how you showed prices of local goods.
    1
  65000. Sometimes the truth hurts. If your haters just want fluffy stories about unicorns and rainbows, they should definitely leave this channel.
    1
  65001. I quote you all the time
    1
  65002. AT LEAST THE 1ST 5 CITIES ON THAT LIST ARE PLACES THAT PEOPLE ARE LEAVING USUALLY DUE TO CRIME. WAITING FOR THE NEXT WAVE
    1
  65003. The Party is Over! Greed is good. Mr. Gordon Geckko 1987.
    1
  65004. I think right now we couldn’t TRUST the government to step in and do the right thing. Leave it to them, they’d buy it all up and over charge us too lol. But I do get your point. It would be nice if they could. Foreign buyers could/can be unsafe in some ways.
    1
  65005. @22:27 Did you just walk under that lift? Bro you're crazy
    1
  65006. South Florida is breading ground for greed and scams. And the local government is just bending over and letting all developers do whatever they want.
    1
  65007. Saw an ad today and it said that no one is buying these stupid cars. they should be used and bought as a novelty not a requirement.. The people of this country need to call our stupid current president and giving him shit.
    1
  65008. Biden told students their student loans will be scrapped thanks to the taxpayers 😡
    1
  65009. I suggest Agura Hills & Thousand Oaks CA. They are both beautiful suburbs of LA. The Mall in Viera in Brevard county is packed and a new Mall is being planned. Also more Millennials own then rent in Brevard. More people are moving into my neighborhood from Miami, then anywhere else in the country.
    1
  65010. Another great video! Thanks Michael!
    1
  65011. “The Straight Dope” with Mike
    1
  65012. Second.
    1
  65013. I am in Gatineau, Quebec and has a letter delivered stating someone wants to buy my house. It was from a reputable agent. Debating on whether I should see what the deal it. I built custom and it's my forever home so not a chance I'd sell.
    1
  65014. I would just get a good inspection. The other thing is educate yourself. Don’t ask the owner. I would not believe the owner anyway
    1
  65015. Hi Michael, can you please do an updated walk tour of surfside and some listings there. Thanks!
    1
  65016. THE ONLY PROJECTS COMING UP DURING THIS SUMMER THAT HOME DEPOT CAN DEPEND ON IS DUE TO HURRICANE SEASON. BUYING MATERIALS TO PROTECT THEIR HOMES/PROPERTIES PERIOD.
    1
  65017. INSANE BRO
    1
  65018. 60k = 100k salary after taxes in places like NY, NJ, CA. Think this is what the women you mentioned in this video meant.
    1
  65019. In Phoenix,Mutual of Enumclaw pulled out and I had broker find another carrier It was about $20 more a month for same coverage-car,home,and umbrella coverage
    1
  65020. Great solution !
    1
  65021. California has earthquake..bricks won’t do will for home structures..they will crack easily
    1
  65022. most employment agreement has clause that says you can't work at other companies.
    1
  65023. Now I know how scabs like Uber managed to undercut all the traditional outlets. I did realise what went up would come down. They were hardly buying homes, home is a concept. The nonsense in 2008 affected the monopoly game, this time it's all for real. Good point about the government rescues, though, the winners did it to acquire more wealth for themselves. Very interesting about investors, I've never believed the majority of them had any money, it's all about asset owning. They have more than me mind you, It's the same with energy companies in Britain, the monopolies were broken, small companies took over, but it the case of the energy companies in Britain, they eventually got their monopoly back. That could happen across the board, but this is less likely as time passes, because the economy might not improve for a very long time. I'm not sure what the trick is, but I suspect the world will be dominated more and more by fewer people, at least for decades, then they might get bored with the monopoly game. The population will be well diminished by then and a lot of them will be robotised. I have wondered how the powers intend to balance ''consumerism'' with the cuts in wages, they still want people to buy and buy. I like you point about the promise, but it isn't good news by any means. As for savings it depends on how much you have to save.
    1
  65024. Hey Mike would you happen to know how long an HOA takes to foreclose on condo owners who haven't paid their monthly dues in almost 2 years? I know in Florida an HOA can file a lien if it's passed 30 days late but not sure as to when an actual foreclosure can occur if at all
    1
  65025. ​ @Lisithedogwalker God bless you (and Michael, of course)! lol
    1
  65026. ​ @Lisithedogwalker  Please ask Michael if he would consider (if u would want to), doing a video now and then w/the 2 of you. Maybe on economic subjects fm a woman's (You) point of view. For example, if you do the grocery shopping, tell us whatvyou are seeing, etc .. you may be too busy. He might want to keep his current format. Idk. But I thought I would put that out. Bye
    1
  65027. I believe they must have money to take risks like that. They are the reasons why the car manufacturers pushed the prices of cars to the limit and we all are suffering.
    1
  65028. Cool
    1
  65029. Love your vids! Straight to the point and only facts. Keep up the great work.
    1
  65030. Very good video . I have a suggestion I enjoy the walking videos they are a nice touch , They provide a better view point of life in Miami ,,,,It would be worth considering and bike to add to the tours. You do the walking and a few road trips, A bike maybe a nice addition. for that up close and personnel view point.I have learned about Miami real estate from your excellent youtube presentations.
    1
  65031. I’ve shed “all” my nonessential ‘s.
    1
  65032. We do NOT live in an absolute free market capitalist system, ESPECIALLY when it comes to real estate, as most mortgage loans are LITERALLY backed by Government. Also, Builders and developers are incentivized through tax credits, tax abatements, etc., so an ABSOLUTE “FREE MARKET” (as it relates to real estate) is a huge MYTH and LIE. If we let the absolute Free market roam free, home prices would plummet 95% over night, since the credit interest rate would skyrocket to 40%APR (for non-government backed PRIVATE loans).
    1
  65033. Thanks!
    1
  65034. It's just BS as most the money goes to general funds acct.
    1
  65035. 5:40 excellent points here
    1
  65036. Crazy how when companies find out you found away to game the system for your own best interest to improve your life, and they fire you. People need to do what they have to do now. If productivity is not an issue, what is the problem? Sick of the tyranny to us broke.
    1
  65037. Thank you, Michael, for what you are doing. My husband and I only watch a few select YouTube channels and have completely boycotted the MSM and television in general.
    1
  65038.  @MichaelBordenaro  Just like Hitler's did should tell u something..ALOHA
    1
  65039.  @MichaelBordenaro  thank you, Michael. But my wife deserves all the credit!
    1
  65040. You went and “did your own research” oh man CNN would be do upset with you.
    1
  65041. Happy 4th of July to you and your wife. Be safe
    1
  65042. Wow... The firefighter that signed up to be a firefighter just for the loan forgiveness must be a fucking joke... I have been paying student loans for 10 years and definitely never tried to get a government job to get around paying my debts.
    1
  65043. Whatttt??? 2 leaf blowers! 😂
    1
  65044. Thanks!
    1
  65045. Yeah I think they’re going to have to agree but the fourth quarter comes in lol yeah they have to they have to acknowledge it and they have to like I said before Michael I think the interest rate at the ultimately will be at 14% of 15 before we have a correction
    1
  65046. So with take home pay pretty much flat, when do we start seeing these homes go from assets to debts and the default rate starts to rise to that 8% figure? I mean I think it's kinda low right now but with these prices it's going to be hard to keep up soon.
    1
  65047. Everyone should have had condo insurance, that's what I pay for. But the condo association should have insurance on the structural and outside portation of the building. These people will be ok, they have money to relocate. We had a fire and the tenants got two full payouts from two different insurance company's now their all snooty with all that cash.👀👀😂😂💰💰🏧🏧💸💸💹💹🤑🤑🧧🧧
    1
  65048. Thanks!
    1
  65049. Fewer marriages, kids, families. School loan service delayed. Interest is invisible rent. No one buying in suburbia at these prices.
    1
  65050. I was with you all the way till the end
    1
  65051. There is nothing normal about this market and this shouldn't be either
    1
  65052. Thanks much for the advices!!
    1
  65053. Bro they all lie. Of seen some hilarious ones. Like they in a local newspaper quoted “I can’t sell this house or rent it out due to sewer back flow “ LOLOOOOL
    1
  65054. Eventually we will reach an unemployment critical point in certain areas where home prices will start falling. Basically, you need enough desperate sellers to drive selling prices down. As homes become more affordable, it will release stress on the rental market and rental prices will drop. The forced conversion by employers from remote to on-site will naturally keep purchase and rental markets high in those areas.
    1
  65055. Please do a video on the flooding…
    1
  65056. 👍🏻
    1
  65057. Excellent show...
    1
  65058. I was on Zillow looking in FLA .. I never realized how many mobile home parks there are down there.. Those are affordable but i'm sure the lot rents are outrageous
    1
  65059. I'm just saying man larry ellison worked for his money he can do whatever he wants to do with it. I'm not taking sides here man. But be honest and real if you were larry ellison you would do that too again that's his money he worked for it he can do whatever he wants with it as long as he not hurting anybody. If I had that kind of money to be honest I would go buy a a big ass house too and maybe throw in a yacht, leary jet and a tank too just because I can afford to do so.
    1
  65060. Thanks for the information, Michael!
    1
  65061. All the cybertruck flex fools trying to get out of prospective flipper tesla delivery contracts, desperately.
    1
  65062.  @MichaelBordenaro  And they can be sued for slander, defamation etc if they tell lies. FOX claims to be satire when they get sued.
    1
  65063.  @MichaelBordenaro  Its looking good so far.
    1
  65064. I agree no more institution investments
    1
  65065. Excellent points!!!
    1
  65066. Boomer goes the house prices😂
    1
  65067.  @MichaelBordenaro crazy stuff Michael. I only went to college because back in 2004-8 I was making money and wanted to get out from the restaurant biz. Fast forward….. big mistake. At least I was able to invest in Europe. But that’s not how America should look like. Anyways, keep uploading great content, I am big fan.
    1
  65068. Telling Truth!!! Thank you!
    1
  65069. It is an incredible view. Nice change of pace.
    1
  65070. Thanks, Michael! It never hurts to have good sense reinforced.
    1
  65071. I am sure you know Michael. There are 2 currencies resets in play. The CBDC where you own nothing and be happy. This is why the inflation is going up to crash the stock and housing market . This is to usher in Socialism/Communism. The other CBDC is the BRICS with abundance of wealth. Gold back asset back currency. CENTRAL BANK/ BANKING DIGITAL CURRENCY. The Biden administration is giving out a stipend for not working . This is part of Socialism/Communism. Yes it is a good video. .
    1
  65072.  @MichaelBordenaro  probably. I’m down in the desert area…. Right in the center of it all!! I’m bracing for impact! Lol I’m preparing, but last I heard this morning she’s headed straight for me!!
    1
  65073. Jacksonville Florida is crazy high in the good areas. some areas home prices have doubled in 18 months, and rents up 50%. Pretty much everywhere east to the river.
    1
  65074. Michael, with or without sunglasses , I will keep watching your videos, keep up the good job.
    1
  65075. Really genuine feel today 🥇🏅🎖️
    1
  65076. A lot of foreigners with questionable cash are out pricing the local South Floridians by tenfold
    1
  65077. Okay, sorry for double post. Went and took a look at this. Vastly overpriced at $1.67 mill. In my opinion of course. I’m with Michael on this one. Looks like maybe it’s an AirB&B. Terrible layout on addition also. Not even close to beach!! Maybe I’m wrong. Let’s find out okay?
    1
  65078. 👍
    1
  65079. Happy Birthday! Thanks for your videos
    1
  65080. Even if I was to buy with cash....I would still pass on buying now. No way!
    1
  65081. Shared out on my social media channels: Facebook, Twitter, and emailed a couple of friends I think would enjoy your channel.
    1
  65082. Well in my market median price fell 11% from June to August. So I definitely think they will come down at least to pre pandemic prices.
    1
  65083. 1600 square foot house for $1.6m is absurd. My garage is nearly as big as that house.
    1
  65084.  @MichaelBordenaro  my house here in Massachusetts is going on the market in a few weeks. Market value is $1.1m we are listing it at $975k which I feel is more than reasonable especially for what they are getting. 4200 square foot home with 4 bedrooms 3 bathrooms 7 car garage and parking for 19 cars total and a 20x40 heated in ground pool in a few weeks In a Prime location !
    1
  65085. Hello Michael, we are still waiting it out Til market slows the roll, Ha, But any advice on .. when we will be buying with cash Are the deals better, Or should we wait a little longer?
    1
  65086. Flash from the past- Paul Krugman, Nobel laureate from Harvard-' Printing money does not cause inflation'?😅More gaslighting from shills and hacks paid to write this economic bather.
    1
  65087. When I was getting ready to buy a home in 2013, I did a lot of research & found out that I couldn't afford what the pre-qualified calculators said I could afford. Look in particular at realistic utilities costs. The calculators factor those in as x% of the property cost (which is bs). If you can't afford the property you want in the location you want, you're going to have to compromise. I'm going to sit on the thick stack of cash I got for selling my Clearwater house last fall ... probably til 2025, then I'll buy (maybe in a small town in the Midwest, as long as it has good internet & is 30 min from a hospital and 1.5 hrs from a major airport).
    1
  65088.  @MichaelBordenaro  That, I am! You can count on me! ;-)
    1
  65089. "Moved into their own place during pandemic". I did the opposite, I thought my income was at risk..resulted in 1st time moved with roomate. HATED IT. I moved out despite the higher rent. Headache.
    1
  65090. I work a time job in healthcare job and run a part time small business sharpening knives and hair shears. My business has been down 20%, some of the country clubs and caterers I have as clients are scaling back. I am in the Detroit area in the northern burbs and even the home market we're im at is dead. Might be better in other parts of the Metro area but not mine.
    1
  65091. For the algorithm
    1
  65092. The cape coral guy is probably the best example why we have a problem. Insurance should pay for the % of the roof that is damaged. It should only cover storm damage. Not damage that happened because you didn't put a tarp over the damaged roof and didn't run ac or fans on a generator to prevent mold etc. ..... pool cage should be extra item in the policy. Please let there be a home damage value only rate. ( non profit state wide for everyone) Roof is the biggest scam around. ... inland is a trap. Florida is flat . One big tropical storm and inland becomes everglades.
    1
  65093. Yeah ~ Washington State HOA reserves are already legaally required. The premiums are nuts. My parents condo got ahead of it about 10 years ago. There are a few cheaters, but the only buyers are all cash because the banks won't lend on a unit in a building that has insufficient reserves. They are easy to spot because they are just sitting on the market,,,, and sitting,,,, and sitting until some sucker with cash comes along. Self insurance is always possible, but generally requires a whacking big cash bond. At some point risks are uninsurable.
    1
  65094. Dave Ramsey just put out a video a few days ago saying the exact opposite: that interest rates have nothing to do with prices. He reiterated that it is purely supply and demand. We'll see.
    1
  65095.  @MichaelBordenaro  He has a whole army of ELPs (endorsed local provider agents) to help and it would be a downer to announce that the market is coming down. I think those agents pay for leads, right? I wonder how he'll spin it when it starts becoming obvious that prices are coming down?
    1
  65096. I am certain that renters across the country truly feel sorry for homeowners who only get to exclude $500,000 of capital gain from taxable income. More to the point, the housing market will not be fixed until the stock market crashes, which will slow spending and home buying by the Top 20 Percent.
    1
  65097. I have worked hard to keep my credit high so for Biden to hurt people to help people that don't take care of their credit is wrong.😮
    1
  65098. KFC - buy now and pay later!! LOL
    1
  65099. 🤘🏽🤘🏽
    1
  65100. Around here is mostly people gaming the system the biggest thing is people selling off their welfare cards you know the food stamp money for 50 cents on the dollar and then also the navajos don't report the Dead when being my brother had a pawn shop together we sometimes have the old ladies come in it was not uncommon for one old lady to have as many as 14 different legal IDs in her name of course not all the same name it's because they don't report their dead the relatives just take the information and update it and continue on when it comes to the federal handouts most everything around here is state and federal other than the jewelry business there's not much else the railroad yes but locally they don't do much
    1
  65101. People who drop auto insurance makes tough on the people who chose to pay for auto insurance. Now we'll have to pay more. How you stupid people might ask? Well, our underinsured/noninsured coverage goes through the roof. Thanks. Well done.
    1
  65102. Great video! Not sure how I missed it!
    1
  65103. No market that has a price run-up will escape a serious downturn, even Miami. If you think that, your deluding yourself. The question is whether or not the coming downturn will in fact, be a significant one. With so much money having been printed recently (500% plus increase in M1 in a little over two years), this might buoy real estate values, even with rapid increases in interest rates. My own opinion is that their will be a downturn in real estate, but I won't make a prediction as to whether or not it will be a major downturn. Instead, the coming downturn may just become a buying opportunity for investors to "buy the dip". The Fed's recent monetary policies are experimental. They have never printed so much money. Short of a hyper-inflation event, which is a possibility, nobody really knows what printing so much money so fast will do to the economy, not even the members of the Fed. The last time the Fed experimented this much was back in the 1960s and 1970s. Nobody knows what is going to happen. Only those who are novice and naive real estate investors would "pretend" to know what is going to happen with certainty in this market set-up. Real estate is cyclical, but monetary policy is something that is not predictable with certainty. Since all asset behavior is influenced by monetary policy, certainty about the behavior of the markets going forward does not exist. Also, incomes are not the only driver of real estate values, mortgage interest rates are also a factor. Really, affordability and availability of purchase money mortgage capital are the primary long-term drivers of real estate values, not just income. Affordability is based on incomes and mortgage payments and mortgage payments are dependent on interest rates. Over the long-term, money printing should eventually start driving rapid rises in incomes. I don't know how long the lag would be between the time money is printed and the time where that printed money starts to drive-up incomes rapidly.
    1
  65104. Wished you had stopped by Las Vegas on your West coast trip.
    1
  65105. That’s is way too overpriced. It shows how greedy people can be.
    1
  65106. The Fed's unlimited cash printing has set real estate on fire. Now they're trying to crash it with interest rates, but I think we're near the terminal top rate.
    1
  65107.  @MichaelBordenaro  fair enough yeah I assumed so. Informative vid anyways dude!!!
    1
  65108. The world is getting grimier and grimier everyday. Not a lot of people left who don't worship money. Money is God today.
    1
  65109. This is why I never use a Airbnb when I travel.... I prefer to pay a nice hotel
    1
  65110. Sad times for so many Americans. Yet we send billions overseas to fund wars.
    1
  65111. Another informative video, thanks.👍🏽
    1
  65112. you make great videos very personable i disagree withyou on lots of good content creators most just fear mongering with real estate not strsight talk - keep on going friend
    1
  65113. Texas is enjoying nice warm weather too Michael! Apartment rent is falling faster here than the national average. Ya'll come on down!! Caveat: It might not last long. We normally have ice storms in February.
    1
  65114. Best video
    1
  65115. McDonalds Monopoly turned out to be a scam, the security guard in charge stole Boardwalk and all the prime winners and gave them to his family
    1
  65116. 2007-2024 = ongoing depression
    1
  65117. Michael, Invite Lawrence Young to come on your channel to explain the home run of a refinance. Guaranteed no-show..
    1
  65118. I sold my house recently that I had bought in 2014. Just waiting on the sidelines until this stuff corrects. It’s out of control.
    1
  65119. Michael, Not sure you read all these comments. However, I will relate my concerns as to weather wars being HAARP produced at direction of g.o.v.t., especially when it comes to Florida for many reasons I suspect I need not elaborate here.
    1
  65120. Go to a small town's mobile home. Advice is to live in a senior community. It's actually pretty nice. Most of my patients lives there, even the outside is nicely decorated.
    1
  65121. when you say crash you don't mean 50% drops in selling prices right? or over 50% in a year or 2? because that generally doesn't happen in the US. even in the credit crunch of 2008 overall prices dropped about 1% I think
    1
  65122. I am young and single and put down 27k for my studio apt in south of fifth. No sweat - thanks Bitcoin 😊. Enjoyed every moment but then had to come back to the office in San Francisco.
    1
  65123. $400k is still twice what my family can afford. We make decent money. It's hopeless.
    1
  65124. I'm very happy to hear this news about lender distress.... it's about time.
    1
  65125. A lot of people are living in their cars too and using gym memberships to shower and workout.
    1
  65126. Insurance in Florida is a racket
    1
  65127. These types of "Pay Later" Apps merely FUEL the "Debt Based Economy" model. More of the same.
    1
  65128. I'm waiting for black Friday!!! Saving is my thing 👍👍😄
    1
  65129. State of California defaulted on their $18.6BILLION debt & are charging business owners for it!
    1
  65130. Companies greatly miscalculate the abilities and value of humans. This derives from modern management. Most management views employees as cogs in the mechanism, not realizing or acknowledging their talents and dynamism. Significantly, the ability of humans and language to filter noise and clutter (sound and words). That is an excellent tip when submitting an employment application or résumé; companies gather and sell all the information!
    1
  65131. Wow, the video is great.... love how you wonder around un the neighborhood and showing more of Florida.... I feel like I was there walking along with you.... thanks... can you do a video on the Redneck Riviera????? Love to see what it looks like now, now that MTV got kicked out and banned from hosting spring break party in the beach....
    1
  65132. Hello Michael. Randall here. I'm a car guy, this is a common issue on some cars sometimes when we don't attach or close the gas door properly or we get some bad gas. I have had the problem with my Chevy and with our Jeep Compass. Glad you had just the minor sensor issue or whatever. You can really pump the weights, way to go man Bro. I love Mama's Pancake Breakfast at Cracker Barrell. We always hit pone when we see them on the road. Enjoy and let that stress of the car roll off.
    1
  65133. I do like your channel will keep giving you 👍👍👍👍👍
    1
  65134. As an agent I do not give any financial advice as I am not a financial expert.
    1
  65135. The Cross Gates Mall, in Albany NY is a good mall, but, it is surrounded by a lot of smaller malls and Big Box stores.
    1
  65136. Inflation rates are fake anyway and everyone knows it. Biden is going to redefine the method of calculating CPI. Magical inflation goes below 2%.
    1
  65137.  @MichaelBordenaro  Hey I'm your EV and mobile home guy. 😂 If you have to register it at the DMV.... 😆
    1
  65138. I just heard that Joe Biden wants to hike payments for good credit homebuyers to subsidize high-risk mortgages! Those with scores above 680 will have to pay more!
    1
  65139. You're normally fairly smart, however, your logic on evictions makes Zero sense. If in 2019 the government "allowed" people to be evicted and those people we LUCKY enough to find new housing, in reality, today in 2023 they would Still be paying 30+% more for rent than they were in 2019. Net Net, there really is no difference. (note, i am an owner/ landlord of 18 rental homes in Michigan)
    1
  65140. Please don't end your video message with a feel good story or you'll be just like the evening news major networks. They all do the same lame thing along with the same news.
    1
  65141. Its pretty much for profits, its like the shortages a couple years ago, pure profits. They are knocking out the bottom end home owners. There's going to be a homeless issue soon. My wife bought a house in the Philippines, I hate to think its a plan B.
    1
  65142. Really moral people don’t use debt except for emergencies. The middle class was built in Levittown, NY with only 1100 sqft homes, no ac, garages, 2br1ba, with 20 year mortgages. Now, most Americans are greedy and materialistic.
    1
  65143. 9th
    1
  65144. You are a super positive channel for people who want to buy value. You are doom and gloom for greedy people who want to grift off others through flips, etc.. Way to many amateur investors in residential real estate who are going to lose their shirts. They know it, and are not happy. Nothing you can do about that. Everyone knows inflation is close to 20% for the things they need.
    1
  65145. Always money for wars and illegal aliens but not for American born citizens. We're getting screwed by our "leaders".
    1
  65146. PropTaxe...reduction in CA too. BUT you must request it.
    1
  65147. Michael there is a slow motion crisis developing with the old condo buildings that won’t be able to cobble up the necessary reserves as mandated by state law. People are going to lose their homes and the GOP legislator is letting it happen because fat cat investor's want to steal people’s property for free and the politicians are on the take!!!!
    1
  65148. Another government scheme in the U.K. was ‘help to buy’. Some people took out 75% with up to 25% added by the gov, so they owned part of your house effectively. Only problem is that the piper has to be paid back at the higher of the amount ‘loaned’ or prevailing value of the share taken, within 10 years. Now imagine prices going down… a recipe for disaster for people who couldn’t/shouldn’t have been able to afford the house in the first place. Crazy housing schemes.
    1
  65149. When you put in BS numbers you will get results to match.
    1
  65150. Electric cars can be controlled and that's what the government wants
    1
  65151. I don’t really even know how these buy now pay later if things work anyway. I am on generation Z.
    1
  65152. Thanks!
    1
  65153.  @MichaelBordenaro  Thank you 😊 Michael
    1
  65154. Give it time there will probably many homes under $250.000 in a year or 2
    1
  65155. You're feeling more optimistic because of your governor
    1
  65156. No inflation rate is OK. The idea we have accepted them a 2% theft rate per year in our hard earned purchasing power is laughable. The Fed is dead. Bitcoin will continue to be the best money the world has ever seen.
    1
  65157. One of the things missing from the push by employers to bring remote workers back is the costs to employees. I save a TON of money WFH. With inflation and the cost of housing, it is going to be a huge financial burden for people to have to go back to the office. It's too much to explain the reasons why here. Even my electricity costs are much cheaper, which seems counter intuitive until I explain. I have to say my employer will not make me go back into the office. Just the nature of my employment situation. But, the reason I listen to this channel is because I am trying to move closer to my employer. I don't like being stuck in my house ever day. There is just financial costs some who haven't experienced this don't see. For example, gasoline prices are going to go up if you return to the pre-pandemic full commuting.
    1
  65158. How Low Will It Go Mr. Market has Mr. MARGIN Occupied
    1
  65159. It's been happening to places like Miami for years. Several families are forced to share a home. RV's, (even old RV's) used as extra rooms for rentals. Collectivism and socialism boomed after the Great Depression so the worse this thing gets, people will turn to that system as the only way to get through tough economic times. You would expect real estate to get more volatile the more it has become a commodity. Fortunately, unlike healthcare, the govt and the Fed has the means to control prices. They never had the desire to until inflation forced their hand. If you can predict how long inflation will last, you'll know how this all ends. If it's like the 1970's, then we're no where near the half way point.
    1
  65160. That is a SHACK and sold for $1.5MM !!! Bought for $150K in 1996!?? Proof that there is a sucker born everyday. Your "Street Walk" videos are VERY interesting. Continue those... They/You will be successful. Thanks!
    1
  65161. Hello Michael and everyone. I am finding it difficult to find information on predictions and opinions on the impact of sea level rise on the Miami real estate market. It doesn't seem to be affecting people or the market at this time. I want to buy my first investment property and my choice would be Miami but isn't it dangerous to buy a property now in Miami if in 30/50 years my children won't even be able to take advantage of that property because the Florida market will have depreciated so much? What do you think?
    1
  65162. Salary reductions! I don't believe it, from what I read on the NYTimes, the economy is so hot that you'd burn your hand on it. It's never been better!
    1
  65163. We joke about being like Michael. We moved to The South and have been getting a lot of sunshine and humidity.
    1
  65164. Remember people if you are talking out new loans your leave money on the table. The wealthiest people in the world will not be the people taking out loans. The wealthiest people will be the people with ounce. Always take delivery. Never buy gold or silver from 3rd parties
    1
  65165. All this economy is due to govt spending that money we don't have. Biden's inflation is crippling average families since 2021.
    1
  65166. buying ev now is like buying a plasma tv 20 years ago for 12k....now you get a 70" tv for $500. Ev and solar are money grabs...nothing more...
    1
  65167. I wish culvers existed in california 😭 always go out of my way to go there whenever i visit my family in michigan
    1
  65168. Michael, I love that you provide links to the articles you reference. Great video. Than you.
    1
  65169. 👍👍👍
    1
  65170. Outstanding video. The truth is a sour word anymore.
    1
  65171. Do new buyers of mobile homes have to have a new roof? to get homeowners insurance?
    1
  65172. Jerome Powell this, big gubmint that. This is so stupid. Macroeconomics are driven by businesses. When you have a ton of shitty companies with access to cheap cash that don't need to compete you get this thing. No one forced gas companies to raise prices or any other businesses to be greedy. Corporate profits are 50 years high. "On December 1, 2008, the National Bureau of Economic Research (NBER) declared that the United States entered a recession in December 2007, citing employment and production figures as well as the third quarter decline in GDP." It took them a year last time around.
    1
  65173. Miami 70 degrees is perfect. I’m surprised it’s so cool in October.
    1
  65174. I've been saying this stuff about EVs for a couple of years.
    1
  65175. I will not being getting medicare/medicaid when I turn 65 because of the monthly cost of it and I will be 65 in less than a year. which means I will have no medical insurance at 65 because I cannot afford it even though they took money out for it all of those years. And I still need to have my teeth done which I have put off because of how expensive the dentist is. And as everything gets more and more expensive across the board. More and more people will just have to do without. I make $1670.00 per month from social security and I have my mortgage and owe around $68,000 for my home. No credit card debit and No outstanding loans and everything I have I own because I paid it all off. And my current monthly mortgage $522.53 per month which my other two retirement checks cover. So I only have utilities, gas, car insurance, gas, internet, trash, cell phone bill, food bill, clothing, and anything else that comes up that the $1670.00 covers each month.
    1
  65176. Look at days on market and start low balling. Find what neighborhood sold for 4 years ago as a reference point
    1
  65177. Happy B day!
    1
  65178. Don't change Mike. You do not know how relaxing it is just to lay back and stroll with you while listening to all your knowledge.
    1
  65179. Happy Birthday to the missus :)
    1
  65180. 👋
    1
  65181. If you are a 100% P&T service connected veteran some states will give you a complete property tax exemption. I am not sure if Florida is one of those states but South Carolina is one, wich is where I plan on moving.
    1
  65182. I personally use my credit card for everything but religiously paying it off every month. I made credit card mistakes a while back and will never do it again. Stress from that was off the charts. Now debt free and continuing to save for retirement.
    1
  65183. Mr. Musk's concerns are for his workforce's affordable lifestyles too.
    1
  65184. Good job Michael. 😃
    1
  65185. Michael, I’m happy to see you up and about. 👍🏼
    1
  65186. Mike , We follow you for a long time and you are spot on many issues you discuss...I am a real estate broker in california and I am also an insurance broker ...
    1
  65187. Rates went down because the supply of MBSs dried up. The supply dried up because home sales plummeted. As soon as sales pick up again, mortgage rates will resume their rise as long as the FED is tightening.
    1
  65188. They keep lying to us... They think we are dumb the government.......
    1
  65189. $6,300 is a lot of money for a place that can be hit by hurricanes any time. Will rents ever go down??
    1
  65190. I hired the seller to sell not the buyer's agent. Considering the commission and capital gains taxes and everything else it was totally unfair when the house sold. WILL everyone who sold through Remax 2 years ago get some money back? I couldn't be that lucky. I am glad put a dent in that racket.
    1
  65191. Mike appreciate your work but god damn these back to back titles are so negative any good news buddy ? 😂
    1
  65192. Last week I signed a contract for an apartment complex in Melbourne but the very next day I realized that I wasn’t going to be able to make this move I’m having an epidural done which will require physical therapy but the complex is telling me I still owe them 6K, that I cannot get out of this even though I told them the following day, WTF
    1
  65193. The weekly doom and gloom report 😂
    1
  65194. The apocalypse is real. Michael is not wearing his sunglasses again,lol! Thank you for your time and content Very informative!
    1
  65195. The flooding in California will not help things at all.
    1
  65196. Great info
    1
  65197. I am 58 and this does not feel like ANY of the other recessions in my lifetime. No other recession hit EVERY part of the economy at the same time! Covid worldwide shutdown has pushed all debt and inflation to its zenith. Nobody and nothing make it out unscathed from this thing.
    1
  65198. IT DOESN'T MATTER what the last guy was paying... If you buy a home for double what the last guy payed 4 years ago , your taxes going to double. . Anybody paying more than 33% of their income towards a mortgage is going to get burned... THIS IS ONLY THE BEGINNING.. Biden says ZERO INFLATION !!!! 😅🤣😅🤣🤣🤣.
    1
  65199. How can ANY debt be considered a good thing, whether 3% or 8%? The goal should be zero debt, as early as possible in life. This comes from one who has been in the homeowner (& consumer) debt cycle for decades. Now retired and, you guessed it, still have debt! Best advice is to reduce expenses, get some side gigs, and pay off debt NOW! Traditional debt benefits many other parties, is a sham, and becomes a hard cycle to break.
    1
  65200. I hope this video wakes up American citizens that have not realized government agencies are putting foreigners ahead of those native born or naturalized in this country.
    1
  65201. Love the scenery in this video..alot of people with very little financial sense. 😏
    1
  65202. Has the Fed dropped rates? I haven’t heard that news.
    1
  65203. About charging stations, the non-electric cars also need re-fuel, why do you think electric cars are so difficult? Somehow, I think the electric charging stations are easier to maintain than the gas stations because no need to haul gas to the station once the electric lines are in, also, should be cheaper to build. Anyway, not trying to be critical, just my understanding.
    1
  65204. Michael, you are such a lucky man. You have everything in life including a gorgeous wife.
    1
  65205.  @MichaelBordenaro  hello again Michael, you take your good looks from your Italian conectionn
    1
  65206. Best Regards Peter! 🤗 Thanks for watching!😉
    1
  65207. You look like a Californian to me and I lived there for 23 years. I can’t afford it now I’m retired but imho you should go for it at your age.
    1
  65208. I bought a home that was in Florida 2010 for a mere 28;000 plus I had to pay a few thousand on taxes. I bought it sight unseen except in a TV auction video!! I wanted to do something to have for my retirement on what little was left from my 2008 IRA. I moved to Florida not knowing a soul!! I'd lived all my life in the Midwest. That home is worth 165;000 now
    1
  65209. yeah of course inflation is going down....
    1
  65210. Have you seen the plan for 15 minute cities and pushing people into small enclaves? it is the published plan.
    1
  65211. Demand Side Management through higher interest rates will prevail. It took two years of Money Supply Inflation to get here, and it will take two years to reverse the effects. That will bring us back to 2019 pricing. Further pain to come to bring pricing back to affordable levels from there.
    1
  65212. Welp u read my miiiiind 😅
    1
  65213. 37 degrees snow muxed with rain. We'll be down soon. With economy may have to stay in the swamp hunting boas, but more beta than the North east
    1
  65214. I see over and over.. people are buying and double or triple the price in a flip.. no shit.. this crap is INSANE!!! a puny drop of 6% is NOTHING,.
    1
  65215. 🤘🏼
    1
  65216. Of course we listen to you, Michael!
    1
  65217. Great videos your videos Are the best you have the best information Just try to cut them down to 10 minutes
    1
  65218. It’s all a scam. Mortgages are a scam. One huge scam, and it’s all coming out.
    1
  65219. Why dont u want to sell realestates anymore?
    1
  65220.  @MichaelBordenaro  Does Suck it's called the Real World..:face-red-droopy-eyes::face-red-droopy-eyes::face-red-droopy-eyes::face-red-droopy-eyes:
    1
  65221. What you said about what is driving the economy is gold.
    1
  65222.  @MichaelBordenaro  Yes. I saw you on iAllegedly and started watching you too.
    1
  65223. In the 1990s the Japanese we’re buying everything in California and there was a ton of outrage. When the market crashed it was the Japanese who were left holding the paper on worthless properties. To this date their economy has never recovered. I know this because I was there. Know your history and use that knowledge.
    1
  65224. I started driving, racing and repairing cars at 14 years old. Back in 1974 I knew that batteries do not like cold or high temperatures. IF, we find a planet that is 74 degrees everyday then that's were you want to have an EV car. LOL The CEO at Toyota is going hydrogen because he knows all this and an EV is NOT good for the environment hydrogen is.
    1
  65225. Have you notice Florida insurance is rising and some home owners decided to be self insured?
    1
  65226. You're right that home prices may stay flat for the next 5-10 years and inflation eats away the value of the home, but who wants to wait 5 or 10 years?? People don't want to wait another 5-10 years before they can have their American dream. Think about it, you're 30 and not until you're 40 can you have a place you call your own. That's asking people to be patient a long time.
    1
  65227. YES!, Please, continue showing the houses. Thank you!
    1
  65228. We should not be surprised prices coming down will reverse pandemic boom normalize rents and then life can move forward in normal way. Any one want to tell us where are all the renters coming from for all those investor owned homes condos and multi units ?
    1
  65229. Yes the markets are down But not the ones I SOLD .HaHa ..😁😁😁😁 I like that area the houses seam a little bit higher and they did a much better job on the parking . Black Benz at start 🤑🤑
    1
  65230. Gosh, everything you said in here is true and thankfully my agent is my brother in law and he wasn't trying to screw my wife and I over he was trying to get us into a house. Thank God we came down on the price range we felt comfortable with and he definitely was awesome helping us get it done. It's just everything you said about it not being an asset is exactly opposite of what him and the lender were saying. We got it few years back @4% with a first time buyers zero down so we missed the refinance window with this rate hike and that was my fear when we bought the place, they told my wife and I it's was basically a garuntee and I guess it would have been. But like my grandpa always said wish n one hand shit in the other see which gets full first! So now with inflation and my kid being a growing child, I'm not sleeping at night and constantly worried because what if the value drops, I sunk 70,000$ into repairs. Windows,doors, appliances, foundation and it was fine the value went way up......... Untill what a month ago...... As I said above incase my bro reads this, I love him and I don't blame or think he pushed us. It's just I don't think people in that buisness prioritize the buyer and they're future, over that rip of commission. Thank God he is family and didn't try to push us into more EXPENSIVE place cause we were definitely approved. A shady person probably would have gotten us to go all in. But good video and I feel it's gonna resonate with a lot of buyers. There's gotta be people in my situation where everything was great till last month.... Literally 8 months away from refinance eligibility we get interest rate almost double on us so now what's the point right!
    1
  65231. 18:37 wow orb?! 😅 I did get in my photos recently.
    1
  65232. It seems like between mortgages and special assessments being added to the payments and no way of knowing if another is on the horizon, the cost can exceed income pretty quickly.
    1
  65233. BUUUUUUUURRRN BABY BUUUUUUUUUUUURRRRRN
    1
  65234. Love it! Great information 🙏🏿
    1
  65235. Nick!!!
    1
  65236. Here in the UK sales signs are everywhere and still no customers.
    1
  65237. Service ? What's that?
    1
  65238. Sadly high unemployment is the only thing I can see that will cause a national housing crash this time around.
    1
  65239. "High Five" on 5 Micheal!🖐🎉
    1
  65240. Let a free market fix the problem. That is what made America Great.
    1
  65241. Happy Nee Year Michael
    1
  65242. Longshoreman have some of the best paying jobs in the US. The pay is betweeen 160-200K per year plus benefits. IF they are wanting more money because they can't afford things today, what does that mean for most Americans? Yeah, Bidens FREE money wasn't so free after all. F.J.B and Cumalot Harris. They suck.
    1
  65243. You're o.k. Michael, the heck with the negative comments. Its been my experience, that people have ZERO empathy for others plight, if they personally don't experience.🤷
    1
  65244. The bill and melinda gates founation contributes money to support gay and trans education among others things gay and trans
    1
  65245. Great job 5 years
    1
  65246. Thanks Mich !!
    1
  65247. Waiting for the great crash.
    1
  65248. Another good video,thanks.
    1
  65249. You 2 make a complimentary duo. Good video.
    1
  65250. It is interesting that the Blackstone Hedge Funds plans to raise $50 Billion to cash in on the housing crash. They plan on cornering the foreclosure, short and falling house prices. They are convinced we are heading to a major housing depression and plan to get rich on the backs of working people. Truly shocking!
    1
  65251. Powell will not hike rates before the election. He's hellbent on cutting rates to support keeping Biden. No way he wants to help the crazy liar get back to the top job. These 2 choices must be the worst choice for a president in US history.
    1
  65252. ALL GOOD POINTS
    1
  65253. These houses nor the neighborhood look like million $ properties. Does not matter the location. Good old American greed.
    1
  65254. Almost all homes sold now were sold with a buydown.
    1
  65255. The neighborhoods you walk through are absolutely gorgeous.
    1
  65256. You’re better without the glasses if I’m going to listen to somebody especially when they’re talking business I prefer to see the rise besides those sunglasses they don’t suit you my opinion but are you regardless of the sunglasses you do good work trying to educate the masses unfortunately most of them are asleep I lost the house during the financial crisis due to predatory lending it was my first home and I was ignorant that one got repossessed it took me 10 years to get back on my feet to buy a mobile home flip that into 30 acres in northern Wisconsin long story but I learned a great deal the hard way and if anybody’s listening You might save them some heartache
    1
  65257. Oh !the stock market is not the real world for most people. As we will soon see.
    1
  65258. Omg..Michael, Pembroke Pines is monsoon time all day.
    1
  65259. Do you think is going to go down by 50% in miami?
    1
  65260. Citizens had a mandate several years ago to begin depopulating and it worked for awhile. Those new regulations could negative impacts but the question is: how will they enforce? Not sure how many policy holders they have, but that will be a monumental task..
    1
  65261. Pretty sure the only reason home prices are still going up is because the vast majority of purchases being made are high dollar homes by people with f#*! you money who don't cate about the price or rates. That will drive average transaction price up. Definitely agree with other comments that Wall St, Zillow, etc should be regulated. But FOMO works in reverse too, & eventually these hedge funds, companies, & BNB owners are gonna flood the market with inventory. It's only a matter of time.
    1
  65262. I backed out of renting quite a while ago and moved in with family. I know more than a few people that have done so. Some like myself did it by choice but others are doing it out of necessity. Still of lot of deniers out there saying that there isn't a problem and the only people with problems are just the irresponsible ones. Blatantly ignoring that good credit middle class Americans are struggling and simply focusing on the obviously irresponsible people out there.
    1
  65263. I think the price out of paradise in the south where it’s warmer means more now when the people who have lower paying jobs can’t stay living in increasingly expensive areas. That creates a ugly labor shortage an is bad for businesses which need lower income workers. Eventually the failure of not understanding that will doom homeowners. I see young people today getting hired at the lowest of wages an there’s no way they can make it on their own if they don’t stay with their parents. That’s pretty scary regarding the rising cost of homes and rental apartments. It’s really insane the parents are not freaking out with what’s going expect these kids to do well out there where they can start a family. I think the rising homelessness problem will only get much worse but that’s the good news because eventually people are forced to see the reality of what’s necessary to cut the cost of living.
    1
  65264. I live in East San Diego and I can say Michael has it down. Micro climates, beach weather, inland heat. Good vid.
    1
  65265. Great video! You guys are very knowledgeable about what is going on with the economy. Keep up the good work 👏 🙌🏻
    1
  65266. Happy Birthday!
    1
  65267. Good video and very good comments
    1
  65268. Payday has come. The low cost of FL living USED TO BE the draw. No más.
    1
  65269. I thought property taxes adjust every year.
    1
  65270. CBS 4 in Denver ran a story about this. Gunnison mobile home park rent almost doubled.
    1
  65271. Michael, always appreciate your videos. Can you perhaps do one specifically looking at SFHs vs condos? At least in So Flo, I feel like there will barely be any dip in SFH prices.
    1
  65272.  @MichaelBordenaro  thanks!
    1
  65273. It's bad for everyone. The people who are selling are still having a hard time because the interest rates are so high. Many people who are buying or being crushed by inflation. I'm glad I bought my Condo in june of twenty twenty one.
    1
  65274. I been slap as a small business and I don’t give a damm anymore
    1
  65275. Thanks!
    1
  65276. Great, because then we can buy cheap houses and rent them out, love it 😀
    1
  65277. Dynamic Duo. You guys need capes
    1
  65278. I agree with you that college debt being wiped out is crazy, however not being able to wipe out college debt with bankruptcy is also crazy......... Also, why isn't there any analysis of the degree and future earnings for the loan, mortgages require income. The government should do an analysis of the degree for the loan.... You've got PMI for loans and etc. College loans need a lot of work. It's certainly interesting what is happening, I remember reading that many places across the USA are lowering the requirements for teaching children. Another thing to consider is China's economy and how much Chinese investors are buying up real estate in USA. I know locally here in CA they are a large percentage of the market. With China beginning to devalue their currency and the housing market there collapsing, they might just continue buying up real estate here. =/.
    1
  65279. Wonder how many are living in those boats at the dock?
    1
  65280. Great collaboration
    1
  65281. People don't realize that free government money is taxable under capital gains meaning you can lose the house through back taxes
    1
  65282. how much of the 2.6 billion in 2022 was before they jacked up interest rates?
    1
  65283. Oh well the chickens have come home to roost. Cock a doodle do! They have made millions of dollars for decades for over priced homes getting commissions. 😊
    1
  65284. That year over year number is such a silly stat. Real estate is such a slow moving industry that why in the world would anyone put any perspective on the trends with a stat like this which would go back one whole year. That is a very long time.
    1
  65285. Metro Atlanta YOY Existing home sales from November are down 51%.
    1
  65286. You would love NY! LOL
    1
  65287. 👍🏼👍🏼👍🏼
    1
  65288. When 40-50year olds with half paid 8ff houses, and seniors only paying escrow, and new well-employed buyers, cannot stay/keep/get in those homes because of homeowners insurance... Realtors, banks, mortgage companies and municipalities depending on winter tourism if golfers, that are not lavish beach-mansioned dwellings... Should sue the f--k out of the insurance industry cartel stubbornly clenching onto our suffocating Floridians in lock step of policy prices--and wrecking our 100yr history of habitable paradise We need the Erin Brochovitch of gouging after a storm...and blaming every other residential or woodsy township on it, forever. Sultans and Kings can't afford it. And Forced Hazard at 4 tunes the exorbitant rate and only covering the note should be illegal--thats a funders stop loss expense. Come on--either you cover the house with a policy or the bank pays their own risk...and they usually own that starfish company writing the policy.
    1
  65289. 👏🏼👏🏼👏🏼
    1
  65290. Enjoy the videos, great info always
    1
  65291. Absolutely right on the letter. WTF. LOL.
    1
  65292. The dirty little secret they aren't telling us, is that to fix inflation, unemployment has to go up, and so do interest rates.
    1
  65293. They should reset all existing mortgages to the current market rate and allow people to negotiate new two-year mortgages. This will remove the incentive for homeowners to stay put and not move, but will also allow the system to reset to a dynamic market value.
    1
  65294. So envy you with such beautiful weather 👍
    1
  65295. Sir, The Californians have blown the market out of the water. Salt Lake UT is ruined, Boise ID ruined, You could have put a fork in Sedona 10 years ago. Phoenix went from reasonable too ridiculous. None of the wages have kept up in these areas. There is a hedge fund that owns 30,000 single family starter homes in Phoenix. Young couple can't get a start.
    1
  65296. Michael, have you heard that builders are now offering huge interest buy downs so buyers can have a lower payment? Huge 100k to 200k buy downs being given to the buyer so they can purchase. They are purposely not discounting the sale price to keep the comps high! Insane!
    1
  65297. Hi there...I like both your walk around and good info! But I have no idea where to go for Flood insurance. Got a letter today from my Lender that I either her my own or they do. I know you don't want to throw out names of specific company's but since you also own a condo maybe you can post a few link's that you know of are good..
    1
  65298. Great vids m8. Keep them coming. Watching from UK.
    1
  65299. Es the price of home 🏡 going Up property taxes going up So landlord have no choice But to raise the rent 🤠 Can't blame the landlord They want to make profit 📈 Off their investments
    1
  65300. I really like Michael's solution. The free market doesn't exist, it's imaginary, and if it does exist a regular dude sure isn't going to be able to compete w/ billionaires who mostly get their wealth via monopolies. Best of both worlds IMO.
    1
  65301. No sympathy for these greedy flippers
    1
  65302. Chatham County, NC is pronounced more like Chattum or Chattem.
    1
  65303. Wow Michael. i have Progressive car ins too. What you pay for 6 mnths. that’s my pymt for the year. My renews in Oct. am sure it will be “interesting.” 😱. I think being In Miami probably factors into your bigger hike as well.
    1
  65304. BTW. Keep up the great work!
    1
  65305. Happy birthday to your woman. Looks like you'll get lucky.
    1
  65306. M...the crooked politicians don't care...why should they...their ALL loaded with $$$....if gas is up, food, housing, insurance they simply don't give a rats butt...they can afford to pay it...and they get paid and bennies on our backs!!
    1
  65307. Who requested a guitar clip? No one😂😂😂
    1
  65308. Michael, please don't waste your time going to Venice. There is really nothing to see there other than homeless people and drugs. Don't go to Hollywood either. My recommendations for places to visit in Southern California are: Malibu, Santa Monica, Balboa Island and The Wedge in Newport Beach, Catalina Island, Belmont Shore, Crystal Cove, Laguna Beach, Huntington Harbor, and Huntington Beach.
    1
  65309.  @MichaelBordenaro  absolutely. It is different from zip code to zip code, but when it comes to general rules like forced HOA climbs and insurance abuse due to Cyclical weather, then it can be negative at a larger scale. Such as in Florida
    1
  65310. What kind of phone are u using for your videos the quality is amazing
    1
  65311. Do you still think it's time to sell home
    1
  65312. I love my EV. Charging at home and torque baby torque. Once I get that new home, I'll be installing off grid solar. Free transportation. Didn't have any issues in the recent Denver storm. Still think your real estate analysis is sound. 😂 😂 😂
    1
  65313. Much nicer neighborhood than last video.
    1
  65314. Epic colab!
    1
  65315. Hi Michael! Great video as always. I would love for you to do your own take on how to get a foreclosure as a first time home buyer.
    1
  65316. $400 won’t even even get your finger in the splint at the emergency room. Let alone anything catastrophic. But the bright side is 10 million S. Americans have free healthcare so that’s pretty cool.
    1
  65317. Those cars roaring in the back ground?.. reminds me of my teenage years growing up, haha
    1
  65318. Ohh wow your in my neck of the woods but I’m sorry but these prices are still way to high 😮
    1
  65319. michael a lot people in cali thinks that they are a super star so they try to live like it and then they complain about living pay check to pay check when they make 350k a year. People in cali is so ridiculous and so fake.
    1
  65320. We have become 3rd century Rome. The America you remember is over.
    1
  65321. san fran hands out over 4 million needles a year going by the googles. that's around 18 per person a year.
    1
  65322. Horrible to hear about your Mom's check.
    1
  65323. I cannot believe they are still denying a recession! It is all a trickle effect!
    1
  65324. It's not because they can. Go deeper, food insecurity, inability to make enough money. I do not condone the behavior, but It would be nice if CONGRESS stepped in stead for looking the other way.
    1
  65325. I own a condo in Daytona Beach. No issues yet.
    1
  65326. Yes, you lost numeric equity, but the house you're moving into will also have lost value. Let prices fall. Please no insurance fires.
    1
  65327. I checked listings in my area, Cape Cod MA, and didn’t see any price drops, actually a couple had increased prices which seems illogical to me.
    1
  65328. Do not trust a product just because it's sold by Amazon I bought an iPhone 13 pro max you can guess how much that costs I received a fake one returned and now they want me to prove that I received a fake one and did not change the phone and just send them the fake one how the hell can you prove that ? Still didn't get a refund so guys be very careful anything that's very expensive just go to a physical store avoid online all together stay safe
    1
  65329. Property taxes are insane here in Cook County Illinois
    1
  65330. If more houses come on the market because the insurance on them is unaffordable, who is going to buy such houses whose insurance can’t be afforded by the buyer? Consequently, more houses on the market because of high insurance costs doesn’t mean there will be more sales. Also, so long as insurance companies require roofs to be no more than 10 years old, homeowners would have to get a new roof every 10 years. Over time that’s unbelievably expensive.
    1
  65331. I’m trying to decide wether to sell my house in Massachusetts and move to florida. We really love Fla and want to go but the prices there are higher where we live and my house is right near the beach
    1
  65332. Micheal, a rate cut of 0.25% will help the stock market to surge so yes it will be very helpful. Most likely this will happen after the election in November. Some of your viewers have investments.
    1
  65333. If they can't comply, auction off the building. Residents split the proceeds.
    1
  65334. Housing equity will help until people use it all and they can't afford the payment with today's rates.
    1
  65335. I have a small lot on a canal and have been checking around for anyone who builds small houses, so far none!
    1
  65336. Own rentals in the midwest and travel the world
    1
  65337. Don't buy, keep renting folks, the landlords need you!!! They will buy it for you :)))
    1
  65338. A mc chicken 4 piece chick nuggets Used to be on the dollar menu
    1
  65339. Yes mortgage rates are higher than rental price here in California. No one can pay more than x ammount for rent. It’s crazy!
    1
  65340. Michael, in my opinion this look suits you better than the tank tops. It makes you look more professional. It contributes to your ethos in a positive way.
    1
  65341. Part of the issue is the scam of pulling the dollar off the gold standard in 1971. Now we are constantly getting poorer due to our government printing money.
    1
  65342. That is because the government changed the definition of recession and whatever is going to happen is going to happen. I would be more concerned about my relationship with God as all of this is temporary and Jesus is the only way by which mankind can be saved. Your hair looks whiter and whiter.
    1
  65343. Personally I would love the interest rates to remain high but will never happen because the USA cant even pay the interest on the debt. So they print more money and devalue everything, this is getting out of control but I m not a big globalist shit fuck ruining this country.
    1
  65344. Who the hell pays $3000 for a bed????? And what kind of bed is that???? If you're overweighed and have back pain, there's no bed can solve that.... my parents got me a $300 bed from a Mexican muebleria (furniture store) and I slept just fine on it..... now I sleep on a Japanese bed, which is basically a mat on top of a platform frame, and I sleep deep and fine with no back pain....... $3000 for a bed is financially illiterate ....
    1
  65345. 🤗👋♥️
    1
  65346. OK, I'm selling one of my homes and just signed up for your free service. I guess we will see what it can do for me.
    1
  65347. Michael don't worry about the negative nancys the doubting Thomas's the Jennifers and the Johnnys the snowflakes and buttercups.. please keep preaching the truth to the masses!!!
    1
  65348. Question: Trump told us that when he is president again that he will deport all the illegals. When that happens, there will be a lot of vacant homes and apartments all over America. I would bet that the vacancy rate will mostly be in the city and suburbs. I'm assuming that most of these places will take at least ten years to fully occupy all of these empty dwellings as America needs to grow in population to fill these empty homes and apartments. My question is that if this happens than what type of investment should we park our money in if the rental market is dead for about eight to ten years? I'd like to put my money into something rather than keep it in a bank or put it in the stock market and pay capital gains on that money which wouldn't grow as fast as real estate has in the past if you purchased at a low point.
    1
  65349. Apparently inflation has peaked! Next step will be wage rise pressures,.Does that mean inflation has peaked? This is just the beginning! Denis from Australia!!!!
    1
  65350. Michael you are great today. Just let this guy rant.
    1
  65351. Great video, Michael!
    1
  65352. I was born in Los Angeles and raised in the east San Gabriel Valley. I still have relatives there. They're starting to see a LOT of issues and now they won't be easily able to get out due to housing market/interest rates. The bums/panhandlers/druggies/mentally ill are everywhere. Per the homeless issue: Not only the crime, drugs, smell, and eyesore from the swarms of homeless on the West Coast, Michael.... but also they are, due to living conditions, spreading diseases. Some waterborne, some mosquito-borne, some from human waste. I predict typhoid epidemics and I would NOT be surprised to see yellow fever make a comeback. Third-World conditions indeed.
    1
  65353. Take three million and earn $150000 in just cd’s. Does not compute taking the heloc. I would have rolled that money from the 401k to an ira regardless. 401k investment options suck
    1
  65354. do you think it be would be safe to purchase in 2026?
    1
  65355. Will property taxes go down after 2022 if the market crashes like it is supposed to?
    1
  65356. People that rely solely on the mainstream media are complete NPCs.
    1
  65357. Zombie companies, looking at you Gamestop
    1
  65358. The upcoming real estate crash should be the least of our worries.
    1
  65359. Live off $75k? Lol, the Fed needs to try living less than that! I'm doing just fine off $35-40k. It's doable.
    1
  65360. With today's interest rate the price of homes should be cheaper than a year ago because now you cant afford that same house even though the price is the same as last years'
    1
  65361. Number 2 from Russia
    1
  65362. Thanks for putting up the map.
    1
  65363. Great content for today's video Michael, I also agree with you. We will see prices come down but I don't believe they come down to 2019 levels. I think we will see at least 20% reduction in prices, and that still give people a lot of equity unless they just recently bought and paid over asking price. People that decide to sell will just have to reduce their profit margin in order to sell. The people who just recently bought for whatever reason and paid top dollar are the ones that are going to get hurt the most.
    1
  65364. Such Awesome info Michael. Thank you 🙃🙂
    1
  65365. UK sure has the same troubles as the USA
    1
  65366. This is the thing, the economy is so messed up thanks to distortions created by Trickle Down Economics and Central Banks, money laundering, etc, that the rich have NEVER had it so good at the expense of the working class... They get trillions in bailouts while saddling the middle class with the national debt and now inflation... Pathetic...
    1
  65367. Your right Michael America is a lie and always has been just keep telling the truth.
    1
  65368. Michael you need to have a son
    1
  65369. Thx, Michael - and btw, rainwater puddles are not flooding evidence. Just say'n.
    1
  65370. Great video Michael!!
    1
  65371. If you been laid off from a good paying job and a year later dozens of people are still looking to get another good paying job that actually pays you enough to pay your living expenses than it’s a recession
    1
  65372. I wouldn’t sweat the jobs numbers during winter months because business is often slower with colder conditions across the US. Plus new hire typically out of high school, trade school and colleges have yet to graduate. That’s a lagging indicator that won’t be counted until later on. Plus, the US is going through the Boomer Retirement Crisis so when the Boomers do retire from their jobs there will be more job opening to fill each month going into the 2030. The US lacks higher birthrates meaning job openings will be larger then at current levels if AI and Automation don’t fill the role. The housing market is doomed tho because the future economy has to become more mobile meaning more relocations of the peak peak years earning cycle will be necessary to cover more job openings across the U.S.
    1
  65373. You can not be sued for property you do not own. Sidewalks are owned by the city and it is their liability. If they try to sue you. Counter sue them. That is what property taxes are for, to maintain city properties.
    1
  65374. WOW that's insane. Who in their right mind would pay $19,000 month to rent a house? That's 1/3 of most yearly salaries.
    1
  65375. If the government is deficit spending meaning borrowed money wouldn’t higher rates only fuel the fire of inflation in order to repay that debt at high rates how will they repay it…more deficit spending you drop rates and credit becomes cheap then they borrow oodles more money into existence inflation is programmed in until the entire system changes but seems to me the real issue is government deficit spending. That’s just my crackpot theory anyway I’m certainly no genius
    1
  65376. Prices were way to high even when interest rates were at 3%. Investors drove everything up way to high. You can’t expect prices to double and think the average buyer will be able to afford it. Just need to be patient and let the fools who over paid pay the price.
    1
  65377. Love your work I’m learning a lot .Oh love the leaf blower comments so funny . From Australia Kalgoorlie.
    1
  65378. There is a heavy dose of virtue signaling in people who buy EVs. Most people want a car looks nice and gets them from point A to B with minimal maintenance issues. EV buyers are mostly buying to fight the good battle - the fictitious climate change.
    1
  65379. People need a dose of reality check. Buckle up. Thanks for for giving us a head start with these videos.
    1
  65380. Add a positive story or two. No matter how small. It gives people something to think about.
    1
  65381. First! 🎉😊 love your videos ❤
    1
  65382. Great video
    1
  65383. LoL, but how to find a greater fool these days to purchase that dump of a house at $500k more than just a few months ago .. That ship has sailed
    1
  65384. Easier LOLOLOL wait till they try to get financing!!!!!!!!
    1
  65385. Is the 20% prediction including prolonged oil and supply line and food shortages? When people are shortly going to have to pay more than their mortgage to maintain a significantly lower standard of living, no one will be buying a house. Whoever paid top dollar for a house in the past 2 years had better plan on living in it for the next 30 and even then you will be luck if you can recover the real, not nominal, value. Fed fueled artificial booms are over for the foreseeable future... they have no more levers to pull. This is what collectivist economics does.
    1
  65386. 1:31 That’s sounds right- according to “their” new math. 😂
    1
  65387. In the mid to late 70's, rates were 17-19%. That really sucked.
    1
  65388. That's how you know I'm really leaning on your channel for my market updates 👍. I caught that from past content. Keep up all the good work, Sir.
    1
  65389. These folks that pulled EQUITY out to buy and spend are going to be SORRY !!!!!!
    1
  65390. As a blue collar working American I want the Home values to go down as well. I make $150,000 a year and am priced out of the market at the moment. I was a Customer Relations manager for Pulte/Del Webb from 05-07 and lost my job in that housing market correction/crash. Much of the same irresponsible borrowing behavior on the part of homeowners/home buyers/consumers is present once again and much of the same lending behaviors on the part of the banks are present again. I do not feel sorry for those that thought all this funny money was free and are going to pay the price. Because like before I paid the price last time and lost my job due to the actions of others snd this time I’m a family man who needs to buy a house and I’m priced out of the market despite a good income and secure employment. But this time when the correction happens I’ll be buying a correctly priced home and paying it off within a 10 year time frame all I’m doing now is stacking my money and paying off the family car. I own my commuter. Can’t wait
    1
  65391. People's Trust just sued my friend's mother because they did repairs...after People's Trust never paid, never answered them or their public adjuster after Hurricane Ian. She's 93. Avoid that company and shun the people who run it out of society.
    1
  65392. 7:06 ah good ol American freedom 🇺🇸🇺🇸
    1
  65393. I had a large storage room under the stairs of my condo/townhouse. Buyer’s inspector would not go inside to inspect, tight space. Not always seller’s fault if something is found out later.
    1
  65394. They’re just going to charge up their credit cards and claim bankruptcy
    1
  65395. Dump all dollars before it is toilet paper
    1
  65396. Absolutely!
    1
  65397. Michael, the banks were NOT bailed out. As a matter of fact SVB - which actually is the shareholders - lost all equity and the management was fired. It was (more or less) unsuspecting depositors that were "bailed in" and for one reason only: to avoid an unnecessary bank run on the entire banking system. As I stated when SVB went down and Credit Suisse shortly after was taken over by UBS, they were very specific individual cases and not systemic like in 2008. More local banks may fail due to poor management decisions, but the large banks, like J.P. Morgan are well capitalized and better controlled and overseen.
    1
  65398. I've seen them go up. Do look off in some. The HOAs are not that old and looking ratty fast. May be uneven windows, doors and outside parts looking old fast. Though these HOAs are often known to be poorly made. An area that never allowed building because of flooding decided to let someone build and nonstop flooding in these houses. Greed. Hah. They take out a loan and knew it would have been paid. I can't get away not paying my equity loan, mortgage, bills, etc.
    1
  65399. YOU NEED TO VISIT EUROPE THE BEST, PREFERABLY ITALY
    1
  65400. Welcome to Cali Mike…u didn’t bring the heat..we turned it up to keep u from coming back😅
    1
  65401. 1.5M for that home? that's overpaying a lot!
    1
  65402. Even if you pay your so called house in full, you are still a slave to the county for the rest of your life.
    1
  65403. I bought cash in Port Charlotte 6 years ago. Nice 3 bed home for 62 grand no ins necessary. Property tax less than a grand a year. 4 miles away from a boat ramp & good stuff. The current housing crash should keep the property tax from going up. Here comes the Monkey pox....
    1
  65404. I think we are going to see hyper inflation and double digit interest rates . Argentina has 100% inflation and the deposit rates are over 60% . These entire economy issues are global . Michael is right and has Been all along . Remember folks there is alot of FAKE NEWS .
    1
  65405. Thanks!
    1
  65406. Nothing lasts rules are always changing. You win some and lose some
    1
  65407. Love the car and color. I have a 2001 manual hardtop.you’ve really have kept it up well especially red. How often do you wax it? So did you decide to keep her?
    1
  65408.  @MichaelBordenaro  so happy to hear you kept it.and yes there a blast to drive. Been trying to teach my youngest son to drive manual in my Camaro.Hopefully he learns without damaging the clutch.😎
    1
  65409. Storm surge, sure, just ask Ft. Myers. Won't stop them from building right on the beach though. lol
    1
  65410. Although I enjoy zillow redfin for research I MUST talk to a person face to face to find someone I can trust. This makes it hard to buy remotely but if the agent can use facetime, teams or skype to do a face to face. If I am in N.M. and the house I want is in the Gainesville, FL area, I need to trust someone on site to make sure everything is done right especially when it is hard to travel for health reasons. That is a BIG leap of faith to make!!
    1
  65411. gen x and millennials will come out on top eventually.
    1
  65412. One correction. Medical bills cannot be wiped out thru bankrupcy along with student loans and alimony, child support
    1
  65413. What should’ve been done to prevent all this turmoil?
    1
  65414. I heard the Biden Admin was not allowing reporting of delinquent student loans. Perhaps you can verify or refute that.
    1
  65415. Motorized leaf blowers should be outlawed, should be electric only. Using a rake is actually faster. I live near a golf course and the mowers are running 2-3 days a week before sunup cutting the greens and tees.
    1
  65416. At least we won't get any hurricanes here in Wisconsin along the shores of Lake Michigan, or land slides, flooding, and forest fires. The worst that could happen is that the large tree next us could fall on the house during a storm. And tornadoes are usually inland, away from the lake. Our premiums did not (yet) go up. They may in the future, but hopefully not by too much.
    1
  65417. Gotta have your dyes otted. Teeheehee.
    1
  65418. Hi Mike, You tell us the truth about the current economy, life just is so tough
    1
  65419. Just like rich dad poor dad 1 billion in debt 😂 going by the bible being debt free is the only way to live by owing no money to anyone. A man with no bills is a rich man😮
    1
  65420. Those millage rates don't look that insane actually. Your problem is the assessment value.
    1
  65421. I know this long time ago from realtor She told me some state has A taxes lien sell Because home owner owed property taxes to the state
    1
  65422. Great videos Michael. I really enjoy your content and it shows your dedication and hard work! Have a nice evening!
    1
  65423. that beach looks beautiful. Fishing looks good there.
    1
  65424. Affordable housing - if you own land the state will give you a 0% loan to build apartments and as long as you have the loan you are locked in to a low rent ( min 10y)
    1
  65425.  @MichaelBordenaro  thank you - I’m going to likely end up in an older building in the sand…. Anything newish is cost prohibitive- just need make sure no giant assessments are going to be coming my way!
    1
  65426. I Just wanted to say to you that I am proud of you and all that you have accomplished with hard work and without a college education.
    1
  65427. You never own your house or anything else. If you don't pay your taxes, even the IRS will come and take everything you have.
    1
  65428. In Salt Lake city, there's a lot of new listings and some are lower than older listing 400k amd under, and some are above and beyond price over 750K when the house is really worth 250k to 350k.
    1
  65429. Love it Michael.❤ its always good to have music to fall back on. Thank you for that great ending.
    1
  65430. Michael, get one to use for us viewers and give us your input.🫨 Owning one in Florida should be fine. Not ice cold.🤣
    1
  65431. South Point is a great area to walk! I took my morning walks there several times! Great videos Mike, I enjoy your content!
    1
  65432. I believe way more inflation has been baked into the system.
    1
  65433. 612Sq Ft for 577.000 my shed is bigger than that. Hard to believe anyone would buy that...
    1
  65434. Congrats Mike!
    1
  65435. Only 8 more days left to buy I Bonds at 9.62% from the US government at Treasury Direct.
    1
  65436. Will def be paying attention to this, though foreclosures are still insanely low right now, esp compared to 10-15 years ago. Data is hard to come by too.
    1
  65437. Thanks MB! Be sure to make TicTok shorts!!!!
    1
  65438. Its great seeing you both. I watch both of your channels.
    1
  65439. Insurance agent here - Rates are up at about 50% in Florida since last summer, tri county FL up to 70%. Your renewal rates will be insane.
    1
  65440. McDonald’s food sucks. I got a free cheeseburger took two bite then threw it away. Their free food sucks.
    1
  65441. I am not so sure. In Silicon Valley, everyone left town during the Covid lock down. I reduced the rent by 30%. Now everyone is coming back. The rent went back up by 25% for the new tenants. It is still lower than before. And the current tenants are paying much lower, since we had only increased by 7%. I just don’t understand why some landlord is raising the rent by more than 10% to 40%. It really doesn’t make sense.
    1
  65442. Condos Condos? Any updates?
    1
  65443. Happy birthday to your wife
    1
  65444. How about 1980 prices ⤵️
    1
  65445. That tax bill is ridiculous, robbery!!
    1
  65446. 👉 22:00 to end... good wrapup of bottom line of RE crisis going on! "They" lie to us 24/7. Thanks Michael. 👌👍
    1
  65447. Hi Michael, I'm in Australia, I can't understand your property taxes! When we purchase a property in Australia, we pay a fee called Stamp Duty, it's 10% of the purchase price of a property, which goes to Govt, once off payment! Every year after that we pay Council rates "local govt" which is approx. a fee of $2000 a year, this covers, waste pick up, local parks, infrastructure, etc. I don't understand your tax system, when you mention these thousands of dollars a year, it just blows my mind!
    1
  65448. Well, I must say it is nice to see your handsome face without sunglasses.
    1
  65449. People have such Unbelievable behavior! Better them than me.
    1
  65450. $25,000????? Some people only make that a year after taxes
    1
  65451. Anyone stupid enough to think that eliminating the buyer's agent is a good thing shouldn't be buying or selling a home. I have helped hundreds of buyers get a good deal because I had their best interest in mind not that of the seller.
    1
  65452. Thanks!
    1
  65453. i saw the chilli peppers in knoxville in '98 for like $60. but Ticket Master was already at it even back then....so much so that pearl jam openly revolted against them and Bush screwed their own fans over with them. i still remember people wearing "BU$H" tee shirts
    1
  65454. Really liked the video Michael, as always a lot of good information. I don't see much disparity in the info you give between buyers or sellers, I think there is more risk on the buyers right now in this unstable market and more info is needed.
    1
  65455. Ima pounce on an investment property when it drops. The trick will be to time the bottom.
    1
  65456. CRE loans require 49% downpayment
    1
  65457. 90 k to living in frickn Jacksonville? Yea fckn right !
    1
  65458. 4:20 LOL $60/month is a small gas tank or a lunch at a nice restaurant for 2....
    1
  65459. It's the same ole boom and bust cycle, where the elitists take the lions share. Look @ what they have destroyed since the plandemic.
    1
  65460. Big Mike are u Open to Doing a podcast with a RE owner Broker with a 5* Podcast ?? IF ur Going to Sacramento CA. ??? 😁😁😁😁😁
    1
  65461. I’d say he’s 99.9% correct This building like many other Buildings in Miami need to Be torn down.. I know where this building is I use to frequent Miami.. When you build a state On mostly Limestone’ it Will have many problems Originally Florida was in The Jacksonville and Tallahassee area and the rest was just plain ocean research the history and do the math and then you’ll come up with a plan... not trying to sound condescending but I’ve known this for many years.. And actually those on the West Coast of Florida we’re fortunate maybe?🤔 Very Informative Channel.. I still have many relatives In South Florida..👁
    1
  65462. The UK have a standard 20 year mortgages just like we have in the USA
    1
  65463. I was hoping to hear a few words from your lovely wife...
    1
  65464. Its becoming NYC or San Fran/LA
    1
  65465. Congratulations!! Michael. 🥩🥩
    1
  65466. Michael, My lifetime dream of getting a job at either Dollar General, 99 cents store or Red Lobster have now been totally dashed. Im really depressed now.😮
    1
  65467.  @MichaelBordenaro  check out the video I dod on Phoenix, the institutional investors are the real problem and it is INSANE.
    1
  65468. And abnormal house prices vs income.
    1
  65469. Social inflation. What the hell does that even mean?
    1
  65470. Michael, do you know how hard it is to find a woman that can make pancakes?! 🥞
    1
  65471. Hi Michael maybe they doing this on purpose raising the price on the house and that way they can pull some money out of it 🤔 Thank you for your videos 👍🙂
    1
  65472. New Jersey is just begging companies to leave that sorry ass state. Let's see how that works out.
    1
  65473. Wait the upcoming crash should fix this.
    1
  65474. I love how the higher ups are finger pointing and placing blame all because they can’t accept that the economy is only good for the few and it will trickle down. It’s not something we are doing it’s something eclectically going on it’s gotta stop
    1
  65475. We are basically get r@ped from all everybody. Let’s face it, America isn’t a capitalist society. If we were the large banks would have been allowed to fail after they made the economy crash in 2008. We live in a corporate socialist society. America is just one big corporation protecting its corporations and the people are it’s slaves.
    1
  65476. Oh yeah good timing on your vacation out of Miami hope you won't need a boat to get back home
    1
  65477. It’s official, recession announced in the news today.
    1
  65478. Working for others sux. I believe I work way more working for myself but I believe it's worth it.
    1
  65479. keep going the way your going Michael very good channel
    1
  65480. Was fortunate to be well positioned in 2012. Holding strong after fully extending but ready again for growth
    1
  65481. Grant Cardone is a evil greedy man, he tells the average person not to buy a house or somewhere to live just rent so you can move when you want to....meanwhile he OWNS thousands of rental properties
    1
  65482. 11:39 Good point
    1
  65483. All the issues that were mentioned in the video sound good to me... what happens when sellers cant sell their house... they usually lower the price to attract buyers... sounds like a win for buyers to me... u can find lots of contracts and templates online these days... If real eatate agents offer value, they'll still get paid
    1
  65484. On a walk myself listening to this new content.
    1
  65485. Just discovered your channel, I have listened to several of your videos. I have a very random off-topic question, but I’d like to get your opinion on it if you feel like you know anything about it. What do you think of bitcoin as astore of value, I’m not interested in any of the other cryptocurrencies only bitcoin.
    1
  65486. I would rather buy a class A motor home. I do internet work. We can go live by the beach or just down by the river(rip Farley)❤😂
    1
  65487. Everyone wants some magical flash crash where prices drop 50% then BOC comes out and says yay we fixed it here, have 2% interest rates again. How about more like, rates just stay at 5% forever and property values slide down wards year after year after year every home owner keeps losing money year, after year, after year, until nobody but investors want to buy property any more.
    1
  65488. More competitive my ass. People are loosing their careers by the 10,000s .... and this is just getting started. Just wait 6 months. Real Estate is going to unwind like crazy and will pull everything down with it.
    1
  65489. All thanka to desantis' leadership and people fleeing democrat states for FL
    1
  65490. 😊❤✝️👍
    1
  65491. Michael, I bet you hit a million subscribers this year!!
    1
  65492. Thank you
    1
  65493. Home prices did drop in the summer season last year
    1
  65494. The new motto will be : Date the Rate, but Marry the Realtor. 😂
    1
  65495. Thanks!
    1
  65496. I know all of that. Did you expect me to keep renting? 😂
    1
  65497. Thanks for doing this Video up there I liked it, I think others did as well, Great Content as Usual 👍🇺🇸.
    1
  65498. There is no "American Dream" any longer. Hasn't been for quite a while. Our supposed "leaders" have seen to that.
    1
  65499. I thought of you when I saw the address but I know your view and it didn't look like it was from that building. Crazy though!
    1
  65500. Why dont chinese buy homes in their on homeland?. why jack up home prices for floridians so foreigners can buy homes?
    1
  65501.  @MichaelBordenaro  oh I’m well aware. You should look into our own backyard of evil evictions out of these parks though. Waaaay less rights…they wouldn’t have had a prayer of this lawsuit and it’s already happening statewide.
    1
  65502. We just love your channel and absolutely right your friend Dan is right they're not only lazy and don't want to work when they do get jobs they're lazy on the jobs and they don't want to work their job and because of people like this it affects other people on the job businesses are losing a lot of money because of these not working people that don't want to work and when they have a job they don't work on the job that's why a lot of businesses i'm losing a lot of money and they're going out of business there is no cloudy control anymore Who's in charge No one No one cares how the product is put out on the market whether it works or not Nobody cares
    1
  65503. Car Accidents is all true. Miami and broward county drivers have no driving courtesy. They don’t speak English
    1
  65504. Black Rock and Open Door type companies should not be able to exist! What a sick business model!!!! We need a economic revolution!!
    1
  65505. it's the radiant heat coming off the buildings if you go to the beach are a rule area is 5 to10 degrees cooler at night
    1
  65506. When you say a “lost decade”, that’s bad for people already invested. It’s not bad for the people investing now
    1
  65507. Funny that you pointed out that wall. My home has a wall made of large painted bricks. It has hardly aged. Its not a big fence but it would cost a fortune to build now. My home is 40 years old.
    1
  65508. FHA DTI 47%
    1
  65509. The angle you miss in all your videos is America sucks a lot less than everywhere else on earth. The worlds rich are moving to America and bringing their money with them.
    1
  65510. 1st
    1
  65511. 2023 won't be the issue. The government is still pumping billions into the economy.. I'd be more concerned about 2024.
    1
  65512. When does one consider housing a place to live versus a gambling casino!!! Normal appreciation comes over time and within reason! And with value!!!
    1
  65513. Yes, keep working until you drop dead.
    1
  65514. With all this talk of house flipping, airbnb, concert ticket bots, etc, ...there is one overriding theme that jumps out : ONE NEEDS TO HAVE MANY MILLIONS TO LIVE IN THE USA.
    1
  65515. You were maybe 3 blocks away from my sister's house, lol.
    1
  65516. I've said it before and I'll say it again .. interest rates should've been raised to 10%. But you can blame the banks lobbying not to make this happen. I doubt home prices will decrease, but you can live off that interest - best feds can do.
    1
  65517. Good thing you said that because I get what I guess looks like you messaging me to call you or WhatsApp you never did lots of scammers out there
    1
  65518. What I am going through right now, Michael.
    1
  65519. Great points. I simply add that when cost of living goes up workers should seek an employer that has the heart and true ability to give cost of living wage increases. Where is the passion for folks to improve their situation? Dave Ramsey gets criticized but he doesn't pander to those with no ambition
    1
  65520. Great video and have a GREAT birthday too!
    1
  65521. Can you start your own insurance if you keep say 200 grand cash in reserves?
    1
  65522. California will vote the same way.
    1
  65523. 2 cool dudes
    1
  65524. Given your service expectations, l don’t think you are complaining at all. I’ve never rented an Airbnb . There’s always opportunity to learn from hearing about others experience, Thanks
    1
  65525. Wow, You make too much sense. Only if we could multiply you good sir.
    1
  65526. What brand sunglasses are those?
    1
  65527. What about Canadians ?
    1
  65528. Too many variables involved besides the current economy is built on sand.
    1
  65529. Living in Texas we have no problem with range and charging.
    1
  65530. Damn that is a sweet idea. 60 days for owner occupant right to bid. Something on title stating that not transferable to LLC, second entity not the original purchaser. Only upon death of the individual for a set number of years. I figure 8 to 10 years. 50% penalty of the original purchase price if you breach contract signed at purchase and all court costs...
    1
  65531. Debt slave is going to wish he bought gold and or silver.
    1
  65532. I haven’t watched your whole video yet, but were you thinking of reporting that cover-flipping problem where your foot went inside of it? You are really lucky you didn’t break an ankle or something. But somebody else might. I’m glad that you seem to be OK. As far as your video, you always give great info. Thank you! 🤗
    1
  65533.  @MichaelBordenaro  Hi - I would guess it would get reported to the city hall of Miami Beach?? You could take a photo and send it to them. Also, the thing you stepped into may be marked with what company to contact..?? Again, so glad you're ok. Why are those things in the middle of a sidewalk anyways?? 🙄
    1
  65534. "The Big Short"....
    1
  65535. Good about Tesla laying off and any of these other companies that hire middle-management that are absolutely worthless all they are is glorified babysitters
    1
  65536. Excellent video.
    1
  65537. Martin County and Palm Beach County still have decent pricing. Owning the land would be preferable, and that is expensive.
    1
  65538. Prostitution and drugs is wear it's at Mike! In any economy!
    1
  65539. There is no way in hell I would pay that for Rent much less a house pymt.. I obviously will never live next to a beach.. If I ever move to Florida which I do want to..I will drive to the beach from inland.. Who the hell can afford that kind of monthly pymts!! Most of us are middle class blue collar workers!!
    1
  65540. since when are we sold on an idea of paying interest for 30 to 60 years till we die and still owe on the house when we die. its a money scam ponzi scam. because lenders lend out over up to 40 years the prices of realestate go up in price because of it
    1
  65541. I got a reverse mortgage and used the money to buy a shit load of pre 1933 gold coins, since I get VA and ssdi disability I get $5,000.00 a month and I got the va property tax exemption also, since I have no kids and my wife has already passed it made since to me and when I die the mortgage company takes the house.
    1
  65542. once the prices get whack, they never go back
    1
  65543. I did my TIME in Tampa/Clearwater. Paid through the nose to escape North.
    1
  65544. SO SO SO sick of these freakin house prices. Bought in 2015 for 300k and now they want over 1million. Makes my azz tired.
    1
  65545. Mike, I love your videos. I have to point out one thing when referring to 2008. It's not quite the same. In 2000's, the banks bundled bad mortgages into CBO (Collateral Bond Obligations) and sold them to private investors as investments grade assets. Today, the banks are bundling bad mortgages into MBS (Mortgage Backed Securities) and selling them to the Federal Reserve. During President Obama's term, Treasury Secretary, Timothy Geithner, and the FED spent tens of trillions on CBO. Investment Bankers became billionaires overnight. Currently the President Biden's administration and the FED are purchasing billions of dollars of MBS every month. It explains why Rocket doesn't require PMI, they are selling the mortgages to the FED, dollar for dollar, no haircut. They are washing their hands of the bad loans. Underwriting will not save them. The system is broken, and the Federal Government are making predatory loans to the poor. Again, the FED is buying bad mortgages every month (MBS). With the FED buying bad mortgages, it's not the same as 2008. The housing market might not react the same as 2008. We are in new territory. Thanks again for your videos!!! Joe
    1
  65546. Of course you haven't inherited a house from your parents, as they are still very much alive! We saw them, in your video 2 weeks ago! Bet you will inherit their house in due time, correct? So you haven't inherited a house yet. But you should do very well at that time as Florida should still be a draw, although maybe only for well heeled buyers due to all the rising associateted costs like insurance and property taxes.
    1
  65547. You think that guy with the hot cars in his driveway is selling cars out of his home?…..his RENTED home😂😂 ??
    1
  65548. 14:30 That architecture style is classic Miami.....South West Florida too. Listed as a tare down is sad. Beautiful home 🏡💕
    1
  65549. when the right money finds the right wallet, then the approvals arrive.....sad but true.....so many examples of the moral decline of the entire country.....THE COUNTY is reprobate.
    1
  65550. Thank You for sharing the truth with us.
    1
  65551. Michael speaks truth and common sense and people get butt hurt and think that changes reality.😂
    1
  65552. He's not being harsh, you're speaking reality, if the feds keep spending and printing money just like Germany or just like Greece or just like Venezuela eventually the US dollar will be worthless. Kind of like 1929. The feds have destroyed the real estate market with their 2% interest. And of course the government loves it cuz the property taxes have doubled. And house flippers aren't helping. And the quality of their work on a flipped house is zero.
    1
  65553. My question is why does it seem to take 2 years for Florida construction companies to build a house? Like there's a dozen houses being built in my grandparents neighborhood in NSB and all of them have been under construction for more than a year. They seem to work a week and come back 4 weeks later I don't know 🤷‍♂️ are materials that limited? Or do they just take their sweet time?
    1
  65554. The politicians in control now don’t give a shit about the citizens in this country, if a depression hits, they and their families will be fine
    1
  65555. Thanks
    1
  65556. It's Milpitas, CA :))
    1
  65557. Just signed up for Costco I was getting gas at costco without Membership but I heard that was changing
    1
  65558. Lol…. Remote work is great! Businesses should allow employees to work in a way in which they are most satisfied… Restaurants located around corporate offices must deal with that reality! This will become a new way of life with many companies with much more satisfied employees!!
    1
  65559. As long as dudes are open to accepting that their local market is seeing a price correction, we are not ok! For example Miami dude thinks Miami is fine and Austin bro thinks Austin is actually booming etc. As long as we have bros not accepting reality, prices will continue to fall. These bros will only wake up when the worst is over.
    1
  65560. Even in affordable markets, cap rates barely justify capex value-add properties need. Prices will have to come down to make sense.
    1
  65561. 🌟🌟🌟🌟🌟 for the second oldest tree.
    1
  65562. You guys are right on
    1
  65563. We NEED a crash so we can FINALLY retire. Its torture 😫 We are ready to start but cant afford the prices
    1
  65564. 👍👍
    1
  65565. yea were gonna have a great crash! also what camera do you use?
    1
  65566. Thanks for keeping it real!!!
    1
  65567. maybe a staircase up...
    1
  65568. But Mike interests rates are going up very fast.most people don't qualify with rates going up.
    1
  65569. Another way to suck up more money. Taxes plus.With all the other issues associated with This Associations. Nothing but trouble.
    1
  65570. I didn’t know deposits over $250,000 would not be bailed out at First Republic Bank. I heard it here first.
    1
  65571. California is overpriced for everything. The government is terrible and the homelessness and soft on crime laws is causing people to leave the state.
    1
  65572. Great info, what type of camera and lenses did you use for this video....
    1
  65573. Just an FYI to help your channel. Keep your videos under 20 minutes. People tend to zone out at 15 minutes.
    1
  65574. 2 of my channel faves!
    1
  65575. Wow I use to go to school there in the 70s perry school . And lived right the bridge . When I saw your video I froze wow it been a minute. Ive been in florida since. Lol thanks for sharing.
    1
  65576. Human overshoot will continue to destroy all.
    1
  65577. If you didn't get b+ or a s if your not an above average student you shouldn't go to college furthermore don't get a bs degree
    1
  65578. That condo story is insane. I can see that in a co-op but not in a condo association. I hope this doesn't happen to you Michael.
    1
  65579. Sunglasses always for the walking vids. Miami style dawg. (What if its the first time someone is watching your video? ) Sunglasses optional for podcast style vids 🤘🏽😎
    1
  65580. Michael, you’re very correct in what you were saying about Canada, it’s a real dilemma because people cannot lock their mortgages in for 15 or 30 years and many people are absolutely astounded at what their renegotiated monthly payments are. Plus as in your area, real estate costs it going up unbelievably, Toronto and Vancouver are unbelievably expensive, where the average real estate price is 1.1 to $1.3 million Canadian. My family is there and I am from there originally. Incredibly though, the last months real estate reports are showing that prices are up again in Canada 10 to 15% over last month, after dropping. Quite unbelievable, but real estate just keeps going up and up despite the interest rates. People are just saying I might as well just buy now and deal with it in Canada.
    1
  65581. This buy down deal really sounds like a Ponzi scheme to me. And some of these people are buying what they can't really afford
    1
  65582. What? You’re 35? Oh lord. Not trying to be rude but I thought you were in your 40s for sure.
    1
  65583. Definitely holding off myself ❤
    1
  65584. Love you!! 😊💕
    1
  65585. The uber rich are going to find out what it's like when the people you pay to do all the shit you don't want to do can't afford to stay and do those jobs. There's going to be a mass exodus from Places like Florida/California and eventually from the US as a whole because the Rich have all the money and the poor can't afford to live here anymore.
    1
  65586. Hello again
    1
  65587. So, people in other countries only have adjustable rate mortgages? Bummer. SUPER bummer.
    1
  65588. Government created an entitlement behavior from corporations and consumers..everyone thinks they can get bailed out just like what happened during Covid…
    1
  65589. At 1:41, that cat's humming "Can't Find My Way Home" (Blind Faith, 1969).
    1
  65590. They stupidly overbidded, now they're paying the cost.
    1
  65591. To lease a space in mobile phone park 1200.00 and up
    1
  65592. They've had 100-year mortgages in Japan for quite some time.
    1
  65593. I’m afraid that this is just the tip of the iceberg! Wait until after the election. The 💩’s gonna hit the fan. btw, did you say Bodega Bay? Beware of unprovoked bird attacks!!! Lol
    1
  65594. This is all by design. Agenda 2030. 15 minute cities. Decoupling from the central bank mafia and fiat currency is the only answer.
    1
  65595. They tried to sell it for 1.3M back in May lol
    1
  65596. He plays the guitar too?!
    1
  65597. And most people are foolish. They don't care.
    1
  65598. 🎉🎉🎉 You’re Crushing it Michael. Love the content. Blessings,Carlos ✝️🙏❤️😊🇺🇸
    1
  65599. The investment company is Gunna be in for a real shock in Jacksonville....those houses were available because no one wants to live there....giant s hole...on the real....crime through the roof....with limited work
    1
  65600. If your not making claims for what your paying for and paying out of pocket. Then why have it. Seriously asked your self. Folks needs to start thinking outside of the box and start asking why??.
    1
  65601. WE NEED TO GO BACK TO THE GOLD BACKED CURRENCY
    1
  65602. Home values will go down at least 40% and more. Some places more.
    1
  65603. Something to consider, if there’s a need for teachers and first responders what’s the best way to incentivize them to move to the area or stay? More pay? Down payment assistance? More benefits? Whichever you choose, it’s going to increase the cost of something as they’re mostly tax payer funded. I don’t have a problem with the hometown hero’s act and haven’t heard really anyone else. What I do hear about is the massive shortfall in filling those positions in Florida.
    1
  65604. Congrats Your home owner’s insurance on $400k property ?
    1
  65605. Been to Florida lately, the mobile home capital of the world.
    1
  65606.  @MichaelBordenaro  Please give us a time frame. It’s been around 18 months so far. Will it happen in 2024, 2025, or 4 years from now? Where have the goal posts been moved this time?
    1
  65607. Your funny about those sunglasses! 😅😅
    1
  65608. Sponging off your friends and family isn't smart; That's the mentality underlying the entire mess. Your friends and family have to pay. They're getting the money from somewhere, and it isn't dropping out of the sky.
    1
  65609. I don't agree with all of what you said about how to shop for homeowner's and auto insurance. Yes, I AGREE that it IS very productive to work with an agent. However, along with this, it can be very productive to contact insurers who do not work with independent agents such as Progressive and Allstate. It is possible that say Progressive will quote you a better rate than your independent agent can. Agreed it is not productive to contact say Travelers (who works with agents) directly.
    1
  65610. Typical California
    1
  65611. The Zestimate is only good at predicting market price because buyers are trusting in the Zestimate as supporting evidence of home value when justifying overpaying.
    1
  65612. The court stopped the student loan forgiveness nonsense. It was found to be illegal.
    1
  65613. I follow you both and love your videos. I have changed my mind about investing in a property in Florida. I could not thank you both more, I am a retired realtor living in Canada, Honesty is the best policy. I listened to the end. You are a great team.
    1
  65614. It’s hotter than a brick oven pizza in Coca beach 🏖 today feels like 106 🤣🤣 I’ve been here long enough now that 82 and below is winter weather for me 😂
    1
  65615. Live where you can live more cheaply. Just moved away from Cultureless north San Diego County but did love the weather.
    1
  65616. Lol come back and let’s know. Lmao 😂
    1
  65617. Looking so cool Mich!
    1
  65618. Always thumbs up from me
    1
  65619. America is the largest third world country right now. The fact that the IMF has to warn the U.S. about spending proves it. The U.S. federal reserve has held the interest rate high for to long and people are suffering because of it. Next the American dollar crashes then the Chinese yuen becomes the world currency.
    1
  65620. After Hurricane IAN I think all insurance companies are going to leave.
    1
  65621. those sellers on the first house have a drug habit to support...and they're smoking up their product
    1
  65622. Congratulations 💥🎉👏 Buddy 🤓
    1
  65623. Thanks!
    1
  65624. Not spending on Christmas presents or dinner out.
    1
  65625. Maybe charging the Seller a percentage of their proceeds would be a fair commission???
    1
  65626. Nice backdrop!
    1
  65627. I think consumer sentiment is up because there seems to be a lot of weed down here. I can smell it almost everyday, even going down the road.
    1
  65628. US gov just don’t want to rely on Russia as we buy so much natural gas from them
    1
  65629. Michael, thank you for mentioning how whenever buyers move from somewhere more expensive they can basically throw you out of your neighborhood. Thats why the whole "move where its cheaper" thing doesnt work that everyone keeps pushing
    1
  65630. Congrats boss!!!
    1
  65631. I'm a Kiwi. Back in 1997, myself and some other travellers took a trip in a little cheap rental Daihatsu to the Everglades. We parked the car near a swamp, smoked a big doober and walked right up to a fence with about six alligators on the other side😂. But as we walked along the fence, we realised, in our absolutely stoned state, that the fence ended and we were kinda standing next to the alligators😂. I drove that little Daiihatsu outta there like David Hasselhoff. We stopped at a little local diner and ate some little conch fritters and drank cheap beer. It was fun. 😂
    1
  65632. Great video!
    1
  65633. Kids aren't taught any life skills like balancing a budget, saving money or how credit cards work. And by not knowing these things you ultimately become enslaved to the system. A lot of adults are not exempt from this either and thats why we find ourselves in this predicament. The same idiots run our government!
    1
  65634. Your correct im from sf & certain areas & neighborhoods have very small driveways & its a fine if you block the public sidewalk or stop wheelchairs from getting bye but the market is have the highest equity ever! Over $150K in 9-15 months & even when market acts up for some reason SF holds its own dip or no dip & thats facts
    1
  65635. All these companies buying homes just to AIR BNB them. Shoulda bought a nice house just to rent along side your regular home. Home chores is such a waste of life.
    1
  65636. In France they have a system I think is genius: As an elderly person you can put your house for sale "viager". That means that you sell your house at a huge discount to the market (easily 50% below market value) BUT, you get to stay in your home AND the buyer PAYS you a monthly amount. WHY? Because the buyer gets the house at the price he paid WHEN THE SELLER DIES and obviously the monthly payments stop. So as a buyer you can either be very lucky and the seller dies the day after he signed the contract, in which case you have doubled your investment overnight, or he can be very unlucky and buy from someone with good genes and excellent health who outlives the buyer (although buyers are mostly institutions). It's great for the seller as he can capitalize on his home and get extra income on top of his pension; not so good for his children who hope to inherit ...
    1
  65637. Love that you stay real for real people,Michael !!!!
    1
  65638. Their plan is to get rid of those too. They don't want them anymore and have said so plainly.
    1
  65639. The ULTIMATE CRASH 💥 Will happen in time. I’m so glad that I got my house in order several years ago and am set up with a great mortgage, low car payment and very little debt. First time home buyer’s BEWARE ❗️ Thank you Michael for doing so much research and bringing it to us. Blessing’s, Carlos ✝️🙏😊❤️❗️
    1
  65640. A lot of different agendas to breakdown society. Soros NGO’s for one. Good video Michael 👍
    1
  65641. Lots of listings have disappeared lately, especially from Redfin and many are still top dollar (look at the tax history for details) realtors are dreaming....
    1
  65642. What do you think about the Naples / Marco Island market? Is it worth buying a condo now in that area? Thanks!
    1
  65643. I have no idea why that woman would seek a house in an inflammatory environment she had enough saved to find another month to month. She ate up everything her realtor said, even when it didn't make sense. I'm not bidding for no house. Especially above ask.
    1
  65644. Michael Formula: Fax-Data-Cool Reventure Formula: DATA-DATA-DATA (No wonder he's too uber smart for Youtoob) 😂🤣😂🤣👌🏽
    1
  65645. To used to the glasses I say stick with ‘em!
    1
  65646. Chinese company just bought IMG academy
    1
  65647. I moved hear to St Petersburg,FL from Roanoke,VA 11 years ago and I love it!
    1
  65648. Who even knows what A lender is telling you if you're a average guy and you don't know what your credit rating is and it's very difficult for you to get access
    1
  65649. You’ll never know what you’re missing not having any kids. It’s not easy work all the time, but neither is being financially successful. I’m sure you’re happy for the latter, and just not giving the former a chance.
    1
  65650. Gold and Silver prices are 100% manipulated and kept down so panic doesn't ensue. Once the PMs take off everyone knows the US dollar is dead.
    1
  65651. Michael, my opinion on section 8 is the government wants to print money to give people to spend. It will lead to higher rental prices because that’s what happens when the government subsidizes programs. (Healthcare, food, and utility costs come to mind as other sectors subsidized by the govt).
    1
  65652. CONGRATULATION,S MICHAEL ON YOUR 5 YEARS OF YOU TUBE AND GREAT CONTENT!!!!!!!
    1
  65653. If you got the funds to do a new build its a good business and a fair business. If I could afford a 6M house on Miami Beach i would pay for it and live in the heart of things with all new house in modern style. Especially these new houses are elevated and the roof is 100% concrete and rebar that is if your doing a 2M new build house . if you want wood roof its cost 500k less
    1
  65654. What is that place called? That waterfront is beautiful.
    1
  65655. Make sure to swing by Hog Island for some oysters Michael!
    1
  65656. Just had Father"s Day lunch on Pensacola Beach at noon. Severe weather for sure. Sat next to my dad's wife, who owns a real estate company locally. She stated that her agents are bringing in NO money. I believe it. I've been through tough times as a real estate agent. And as Michael has said, he started in a downturn, as did I in early 1990,s. It's like a bomb went off and you're trying to patch up people financially. Best of luck.
    1
  65657. The Rich congressmen wouldn’t like this idea because it’s a you scratch my back I’ll scratch yours for foreign investors. Many of them own fancy places overseas
    1
  65658. Our taxes are probably going to increase because we need to provide housing for all these people.
    1
  65659. Between rent, prop taxes, homeowners insurance & HOA fees, living in FL is financially uncertain at the moment. OTOH Florida has a rich boom/bust real estate history to help even the playing field.
    1
  65660. When the entire system is based on theft and lies at the highest level (the FED, government), it makes sense that it will also be done at lower levels (condo associations). If we had a system based on truth and fairness at the highest level, then I'd bet that this wouldn't be happening at lower levels.
    1
  65661. I prefer southern ca because of the variety of cultures. I have friends and family there. I do not like the state I live in now. Southeast Arakansas.
    1
  65662. The system is rigged to fail the economy so the central banks will be all the more powerful to by the debt and make you slaves of the system.
    1
  65663. YOU should go to a real estate auction today..... the courthouse steps had 300 people bidding and nothing was truly discounted, per se..... all these buyers have cash and probably the same people not watching the hair on fire channels..... imho
    1
  65664. Yes, keep us posted on overpriced houses!
    1
  65665. I never made any money working for someone else. I think that I took that route for 15 years.
    1
  65666. Karen is in Patrol.
    1
  65667. It’s going lower than 2019. The Fed has created distortion beyond belief. No Fed stimulus, no market. The foundation of our economy is sadly housing.
    1
  65668. Once a week can yiu do a positive story... there has to be something positive in this world....I've been a listener for awhile and I dont live anywhere near Florida but your post are sounding like Political Parties....every thing great when they are in office and every thing bad if he not it....Just something good occassionally....its like sunshine in Alaska....
    1
  65669. Definitely the "Cheap Sunglasses" 😀
    1
  65670. My only precious daughters birthday is April 28. A special day for sure.
    1
  65671. Love the good morals and values from a young person!
    1
  65672. They like the hot weather and sun. Plus Miami was built with cocaine money.
    1
  65673. great insight and pragmatic viewpoint
    1
  65674. Thank you 🙏 for the rock out 🎸 sign off epic
    1
  65675. Prime example of a smart homeowner. The homeowner in this video who is in no hurry to sell unless he or she gets his or her price. Bc where is the buyer using a mortgage going to run? Capitalism is the system we chose. So we gotta suck it up and deal with it
    1
  65676.  @MichaelBordenaro  I believe he's going to get top-dollar. Good condition in prime location and a lot of patience
    1
  65677. The biggest issue about keeping it on the market is carrying cost. Someone mentioned taxes, but there’s also insurance (homeowners and flood), maintenance and probably utilities. If it’s mortgaged, the owner has another likely big payment per month. Most of these can be deductible expenses if the place is held for investment purposes, but ultimate capital gains taxes could be sizable. Revenue producing properties with no revenue are technically called wasting assets.
    1
  65678. Sounds like Black Sabath.
    1
  65679. Waive prepayment penalty ha! They should give you a 25% discount on the principal.
    1
  65680. Small businesses get stuck with the bill..less business cause their customers have less money..their broke
    1
  65681. This is as the saying goes that we may be living in interesting times now, we're slaving our lives away just so we could sleep with a roof above our heads.
    1
  65682. It could be argued that the buyer should pay his/her agent's commission. After all, that agent represents the buyer's interests. Why should the seller have to pay both sides ? It's not fair. Each side should carry their weight. Enough of the mollycoddling.!
    1
  65683. I imagine the Federal Reserve will love this program so much they'll raise rates even more. I wonder if this will solve the inventory shortage.😂
    1
  65684. Algorithm
    1
  65685. Hey keep up the good work. I'm an investor in the markets. I saw the demise of the market on the major indexes and the perplexing value of the dollar propelling upwards. You give me clarity as to why this is happening. Too the "can't handle reality folks out there" good luck in dream land...I wonder what color the sky is in your world
    1
  65686. There is a limit to financial engineering and the Ponzi scheme - it will come back to haunt you?
    1
  65687. Did anyone catch Alice's phone number?
    1
  65688. Great information. Thank you.
    1
  65689. Congrat Europe for buying into the climate changes hoax and getting rid of their own energy independence. Cold winter is coming.
    1
  65690. Hello.
    1
  65691. I saw so many of ARMs during the pandemic, 5/5 those are going to hit next year 😔
    1
  65692. My Current rent is $1350 for 3 bedroom 2 bath and That's to much IMO I'm looking for less when our lease is up
    1
  65693. Great music ,Dude.👍👍👍
    1
  65694. Those prices are insane for what's going on !!!!!!!!
    1
  65695. 💯💯💯👍
    1
  65696. I work IT in a trucking company and things have been very very busy since YCR went out of business
    1
  65697. A house went up for sale last month in my neighborhood it sold for $100000 over asking. Insane the most expensive house on our block. $900,000. We bought in 2009.
    1
  65698.  @MichaelBordenaro  we did get a great deal. We also feel like it will pull back in the next year. The problem is I see interest rising and banks not lending due to recession. So people will still be priced out and first time home buyers will be fighting with cash offers.
    1
  65699. Nope I’m broke and do not eat out even to McDonalds
    1
  65700. I have 40k in student loans, I pay $100 a month. A 20k credit is nice, and will definitely help me, but only about $110 a month. Those on the right are crying it’ll drive more inflation, come on now! Socialism for the rich, and rugged individualism for the working class.
    1
  65701. Michael, I live in north Oxnard, CA - Ventura County. We need RAIN so badly. It rained for 10 minutes a few days ago and I was ecstatic. Other areas of Calif. got more rain. Thanks for doing such great vlogs --- and giving us a glimpse of Florida.
    1
  65702. please discuss the HOA complaints, law makers may have conflict of interests when it comes to enforcement of state laws finally on the books after decades of issues. this is huge in terms of the affordability of homes and other impacts on home owners. This is the guerilla in the room. Also County influence on building codes ??? Who serves on these Planning commissions etc.
    1
  65703. Oh Michael I was talking with a few oldtimers, even here in Pennsylvania and Ohio, average care payment’s, 500.00 a month, rent much more, it goes back to no quality living wage jobs. Young people are living for today in many respects, hey if they can pay for the car, or whatever they just give it back. It not even about wrecking your credit, Michael nobody can come up with 20% or down payments. I almost understand how they think, Michael it’s not that everyone is living above there means, it’s standard inflation , most folks will never completely pay off loans etc, why jobs aren’t reliable. Michael everyone is living for today, they understand the consequences, it’s simply I doesn’t matter what makes sense, it’s happening, thankyou
    1
  65704. do you own any rental properties?
    1
  65705. It's funny. Owe 69k and mortgage company keeps mailing me about refinancing. Double the monthly rate.😂. That's the difference an interest rate can do. Nice view. No highrises in the background. Holidays just doing food. Only one kid to buy for. Limit to the kids. Your own save if buying a computer than credit. Though got mine on 0 percent interest if paid in a year.
    1
  65706. For the algorithm.
    1
  65707. I hear ya about plp saying you're negative. YOU'RE BEING HONEST. Thank you for that! I agree with you about student loan too. 100% Keep your same format the same. J Brovo, Nobody Special Finance, Jack Morgan RLP, and others argee with the 'doom' messenging. Because its true. Our economy is crashing in slow motion. Thank you!
    1
  65708. Double Trouble
    1
  65709. They could build townhouses without an HOA - (unsure about condos though). I live in a townhouse in Baltimore County, MD and it was built in 1958. No HOA fees. The homes in my neighborhood go super quick when on the market.
    1
  65710.  @oscarsanchez9240  I’m 52. To me I’d say 45-48. It’s all good though. We all go gray or worse, bald, eventually. A lot of women like the whole silver fox thing. He wears it well.
    1
  65711. how long should i wait? I sold my home in 2018 and made a profit but now things just kept exploding, I finally bought a house during Covid but it is way smaller than I wanted so now I am waiting to buy a home that is big enough
    1
  65712. 350k 😆😆😆
    1
  65713. Cool location bro
    1
  65714. Great job on having Nick with you
    1
  65715. $16.9 Million and they wanted $2.65 million in 2016, that's quite a price jump.
    1
  65716. $1.6M for 3,000 sq ft is also a joke.
    1
  65717. Renting parking spots seems a bit shady. A rich person with 5 vehicles can rent 5 spots. The guy with one vehicle has no place to park cause all parking spaces are taken. 😢
    1
  65718. Real world....prices continue to climb to new records. 😢
    1
  65719. We all need to understand that we never can rely on government. They only make things worse.
    1
  65720. Thanks!
    1
  65721. 😁😁😁😁😁
    1
  65722. Mike you have nice eyes! When it's not cloudy, you don't have to wear shades!
    1
  65723. Wow $35k per month! Dumb
    1
  65724. It is a valid risk, but they said the same when i bought an 06 prius in 2013. Never had a better car an battery health 5 years later same as it was the day I got it. Teslas are an amazing deal bought used with the 4500 tax credit.
    1
  65725. I want to complain. There ain't enough ads. Can I pay for more ads???
    1
  65726. Good to see your lovely 🥰 wife.
    1
  65727. HOA= Heavenly Oasis of Amazingness
    1
  65728. What if we bought our home in June 2020 our taxes already went up this year $375 because they went of the price of the house when we bought it so we pay $7k a year. Is our taxes also going to go up another 70% or no only if you bought in 2022?
    1
  65729. theres 2 teams during the reset of america " THE TRUTH'S and "THE LIAR'S ha ha hs im to much. good video mike !!!
    1
  65730. This is why people should STEER CLEAR of Condo HOAs at all costs! I lived in a condo community in CA; the Board held absolutely no reserves on the books- been siphoning off money for years. Homeowners have no control. I sold condo and moved ASAP.
    1
  65731. Zuma Beach in Malibu probably the nicest beach in LA county worth the drive from Manhattan beach 👍🏼
    1
  65732. Your insurance was inexpensive even at $1,300. I pay $1900 gor 6 months in Southern California
    1
  65733. Geico usually operates homeowners insurances thru subsidiaries... like let's say we have it in Virginia via Travelers
    1
  65734. Independent? Forward sounds good!
    1
  65735. Michael what are your thoughts on Northwest Florida real estate?
    1
  65736. Free market capitalism has been hijacked, it all began in 1913, when control of the currency was taken over from the govt. by the for profit bankers. This is ground zero for all corruption, as government was 'bought out' by the few for the detriment to the many.
    1
  65737. You could always just refinance your house to pay off your 100k of student debt, then go bankrupt and buy a new one again in a few years once the market is tanked? lol. j/k kinda.
    1
  65738. Great video.
    1
  65739. 1 trillion every 100 days. 😂
    1
  65740. Money is like sex. Some have it and some don't. Like it has always been.
    1
  65741. Ban credit cards and financing for items under $2,000. That would stop a LOT of consumer debt.
    1
  65742. Don’t tone it down.
    1
  65743. The sellers agent will have to make sure to attract and walk the buyer through the buying process.
    1
  65744. Michael, I like tgat you have opened tge conversation to other topics, it's good to debate all current issues
    1
  65745. This is happening in Calif... average rents for spaces are $1000+ now. New homes are made so poorly, I would never buy a new home. I hear they may have new 10 yr car loans so people can afford the payments. That is a beautiful, quiet neighborhood on this video...can you tell me where this is filmed? I would consider buying a home in a nice area like that. I appreciate how you don't exaggerate the news. I hate the gloom and doom channels... that try to instill fear in everyone.
    1
  65746. So when you buy a house in Florida the county doesn't keep making property tax higher?????????? They freeze it?
    1
  65747. Up in Seattle, the "progressive" types have heaped on intricate layers of not-quite-consistent regulatory hoops for landlords to jump through. Lots of mandatory boilerplate to include in everything that must be served "just-so". The whole idea is to just plain make it harder and more expensive to get to an eviction. Multiple tries are virtually guaranteed. About 80% of our incoming cases get rejected because of some tiny defect (or two). Our people put huge efforts into auditing the incoming ... for nothing. Nobody is taking new clients. A fool would become a landlord here.
    1
  65748. Hey Michael...thank you for this report...thank you for your presentation style. (Hi Lizzie!! ALWAYS nice to see you!) Greetings from Finland
    1
  65749. do you think rent will go down too?
    1
  65750. She's not happy but she's definitely renting.
    1
  65751. CNN just announced layoff with unknown amount, but the insiders said somewhere 4K-4.5K employees. We only heard of big guys' layoffs, not mid/small size companies. Many companies pays their laid-off employees with full benefits from 1-3 months plus unused vacation hours. Once the full benefits end, you'll see the chaos. The layoffs started in Nov this year, you'll see the shockwave comes sometimes in February 2023. I can't forget "Bernie Madoff" cold hearted case, many people killed themselves because of loosing their entire life savings. This FTX could be same Ponzi scheme. People borrow/take $$$ from different sources to gamble big in FTX, some might take home equities.
    1
  65752. Michael I know its not politically convenient for you but look at the american rescue plan under BIDEN, yes, BIDEN, saved a lot of critically underfunded pension plans... Hey! what a great idea... lets's save some of the lower/middle income pensions instead of a tax break for the already financially well-healed.... Cutting edge stuff !!
    1
  65753. Wow, common sense could make a comeback. At least for those figuring out what responsibility actually means. Not that realtor associations didn't milk the fomo either
    1
  65754. I have no interest in EV, will never buy one as long as I possibly can. That being said with the world we live in now and the globalist elites deciding what's best for us, they'll probably make it impossible to use unless you pay a ridiculous amount of taxes.
    1
  65755. Northern Virginia is slashing prices now.
    1
  65756. I believe many can't pay an expense of 30K out of pocket, fortunately I could. I would rather not have to. It would take away from my rainy day fund. Basically, the items you listed sound like the owner kicked the can down the road until they had to bite the bullet. I say, if possible, fix it when you first notice the issue. For example if you have a gutter overflowing, fix it before it cause some other problem. This way you don't create the secondary problem. Delaying repairs generally costs you more down the road when it comes to issues.
    1
  65757. Mike, fix your title. 2 LLs in WILL. Hurry up!! They’re all gonna laugh at you!!!! : /
    1
  65758. Maybe the seller was trying to generate their own FOMO.
    1
  65759. Supply / Demand ... BLOOMBERG: By the end of 2022 over 420,000 new construction apartments are expected to be delivered nationwide. Second year in a row that the industry tops 400,000 units, a mark that was last reached in 1972. Half of the top 20 metropolitan areas ranked by construction are set to reach five-year highs in apartment deliveries this year. And more to come 2023. ... so yes, easily supply will impact rental rates it appears
    1
  65760. ❤
    1
  65761. I really like your videos, I think rates need to go up, and they need more quantative Tighting.
    1
  65762. 500 bucks/yr on alcohol...I'm at like 1500 😅
    1
  65763. Enjoy your updated mike keep them coming
    1
  65764. At what point do you think wages will inspire this nonesense?
    1
  65765. 🎂🎊Happy Birthday, Michael!🎉🧁
    1
  65766. Michael thank you as me and my family are in the position that we can buy a condo but the seller is being greedy . I mean I know that I am stupid to buy in this market paying interest rate and seller sitting on my money. What a joke , now I know why so many homeless , we just can’t survive. I told my realtor I can’t compete with the banks or rich people. I’m just a regular mom trying to make a good life in US. I was thinking the same in everything you said.
    1
  65767. Complainers about you can’t handle the truth.
    1
  65768. Recession is when your neighbors are going broke. A depression is when you have gone broke.
    1
  65769. Another good one Michael!
    1
  65770. We are living in a false economy all these signs help for wanted it's all phony people are losing their jobs How can they afford these condos when they are losing their jobs
    1
  65771. Facts!
    1
  65772. Infinite mortgages 😂
    1
  65773. Did I see Christmas nutcrackers in front of someone's house ?
    1
  65774. so far my wife says we are homsteaded and capped at 2% increase. Im not the financial part of the family, lol
    1
  65775. I know somebody likes paper statement, however, paper statement would get lost and all information got stolen. Myself prefer paperless bank statement and read the transactions online. Also, online payment is the best, you don't have to worry about losing mail, or someone steals your check.
    1
  65776. Thanks!
    1
  65777. “Tell me and I forget, teach me and I may remember, involve me and I learn.” ― Benjamin Franklin
    1
  65778. You said some very wise things today about money and raising kids. When r u going to have one?
    1
  65779. Do you have a Patreon? I’d honestly be happy to financially support your channel. I watch your videos nearly every day and I find you very informative.
    1
  65780. Half of Americans are now poor as hell and growing..have and have nots..thank the globalist and rich folk
    1
  65781. Mike when do you think Ukraine is going to pay the US taxpayers back for all the high tech equipment 🤔🤔🤔
    1
  65782. Yeah Michael how much is a greedy developer going to make another greedy developers not generous it’s a business so I just want to know how
    1
  65783. Basically every seller is going to be an FSBO almost.. they'll have the seller sign an agreement to pay a buyer's commission, then they'll show the property..
    1
  65784. " Ex-NYPD union boss delays fraud sentence with re-entry class while collecting six-figure city pension " yes people in authority are worse than average idiots
    1
  65785. suggestion: do descent real estate deals that seem fairly priced once in a while
    1
  65786. A prime example of the vulture mentality of "investors".
    1
  65787. ❤😊
    1
  65788. Bless you Michael and your wife as well. 💯❤️❣️great video as always. My financial news. 😎
    1
  65789. Stop living above your means. Time to become a sheepherder not a government sheep.
    1
  65790. Michael, what do you think is going to happen in Miami/Ft.Lauderdale area?
    1
  65791. Michael what do you think about buying gold? Thanks
    1
  65792. Wondering if on your walking tours, we'll ever see a police car in the corner of the frame slowly following you, lightbar flashing..."Sir, who are you and what are you doing here...we got a complaint..." Hope not.
    1
  65793. Need some boat docs near their. No stats though on home equity loan applications?
    1
  65794. If citizens is going to make everyone get flood insurance are flood insurers going to lower the premiums? Flood ins is so expensive!
    1
  65795. My wife and I enjoy your channel. Stay with it and keep up the good work.
    1
  65796. What about metro Atlanta ?
    1
  65797. Is your dad married❤?
    1
  65798. Heloc puts a lein on yhe property and forces insurance both a plus. heloc interest is tax deductible while a gain from an investment sale is a taxable event. im 35 too happy birthday btw im due in August. if you leverage the heloc payment you can have a tax write off offsetting the gains and you can extended how long much of a tax impact you will absorb because your withdrawal increments are insignificant. 50k heloc is a lot cheaper then rent or any other option.
    1
  65799. Take note that for those interested in buying a property as a secondary home e.g. a Florida condo, HomePath will only accept buyers using the property as their primary residence during their 'First Look' period (30 days once the listing is posted). After that I believe it's wide open.
    1
  65800. The Truth Hurts, The Top One Percenters Rule the Economy, not the Politicians, all they have to do is create a conflict between two groups of people let’s just say for the sake of argument Republicans and Democrats, so they take there eye off the ball and do what they want what’s best for them
    1
  65801. This economy is good for the wealthy and elite... nobody else
    1
  65802. I appreciate all You do. congratulations to your sister and family ❤
    1
  65803. Daily ritual of watching Michael nail it!...
    1
  65804. Thanks!
    1
  65805. I didn't want to retire but I had to due to health problems. I am making ends meet in an $1100 a month (including utilities) rental in North Carolina. I feel very, very lucky. But lots of people who work in the town can't afford to live here so they are in the category of getting help from family members.
    1
  65806. When do you think the bottom of the housing market will be? 18 months? 2 years?
    1
  65807. If rents come down. It's good news to me.
    1
  65808. Thank you for mentioning that your Family still is a priority in your life. Time with loved ones is often far too short!
    1
  65809. Good show today
    1
  65810. In 2021 Powell was too busy trying to get reappointed. Therefore, no rate hike. Just another example of how politicians are working for themself and not for all of us.
    1
  65811. "some people should be renters for life" - I love that comment....you are exactly right!
    1
  65812. Need to figure out is I should buy now or throw another $15k in the trash paying rent for the next year.
    1
  65813. Go visit Sedona AZ every other home is Airbnb drove the housing market way up there.
    1
  65814. awesome video
    1
  65815. Great video
    1
  65816. Michael, what do you think about paying extra on the principle on the mortgage, as opposed to saving in a Certificate of Deposit (CD)?
    1
  65817. Are you a Single Agent or Transactional?
    1
  65818. Thank you sir.. Great info
    1
  65819. Owner of the red car :finger-red-number-one::finger-red-number-one::finger-red-number-one:genius way to save money.
    1
  65820. They aren't finished because real estate agents actually do a whole lot of work and make the sales happen. They might change but 6% on a $3 million house is too much.
    1
  65821. Everyday I learn something new or see another perspective.
    1
  65822. I thank GOD I'll never have to pay property taxes as a 100% service-connected disabled veteran. Unfortunately, it only applies to my primary residence.
    1
  65823. These Climate Change Elites who fly around in their private jets couldn't care less about the environment and the poor schlubs who have to pay for their B.S.
    1
  65824. We are seeing the country fall apart in front of our very eyes. What are your thoughts on a second Great Depression? I believe after the 2028 budget showdown we are heading towards it. I believe 2030-2036 will be the next Depression
    1
  65825. Vegas price cuts are next!!
    1
  65826. Yes, we could afford a 31,000 expense but we are minor league 1%-ers.
    1
  65827. It doesn't matter what team you're on the red team or the blue team First of all we have to do a secure this country We have to close that border our jobs are going,more crime You cannot track these illegals down if they commit a crime. it's a mess inflation sky high over everything We're starting to see more people going to places like Walmart Pu fill up the c a r t s and then just leave, They don't pay anymore And it's going to get worse We need stronger laws And give the power back to the police
    1
  65828. Inflation is higher than the fed has said. It's at least 20% and higher. You can never believe the fed nor people in government.
    1
  65829. I know what will fix it let’s give Billions to Ukraine and pay all their salaries!
    1
  65830. Ouch 46% of people can not afdord... at thie rate in 6 months that number will be over 50% prob.
    1
  65831. 2008 coming all over again on steroids and no FED backstop for RE and stock market. If you’re smart … you liquidate like many did before 2008 and rebuy in the recovery When will that be ? In a generation. So you’re stuck either way. Stay in your overvalued home soon to be devalued. The 1m question is how much will that devalue be. Scary when you think about it … most of Americans wealth is tied up in their RE. the FED created one Hell of a mess. And they don’t have an exit plan but to raid your wealth.
    1
  65832. On macro and micro economics I agree with that assessment.
    1
  65833. Miami housing market sounds like a hype nft project. =(
    1
  65834. What’s the prices per sq.ft.???…What’s the rent rates for those homes in that area?What is the “CAP” rates?
    1
  65835. The whole system is a sham! all of it.....Government is slavery.
    1
  65836. i by my mobilehome just $38000 2010 my space rent is $480
    1
  65837. Couldn’t the seller agent just be both agent
    1
  65838. Please tell me Ur sunglasses
    1
  65839. I'm three-quarters of the way through the video and I knew you were going to go Skynet and Terminator shit your the man Michael
    1
  65840. Yeah, I'm down for FORWARD part...
    1
  65841. Well the strike is resolved till January 15th 2025..how convenient.
    1
  65842. Keep it up Michael, from Fire Station 76 Bay Harbour
    1
  65843. Yea no thanks on the EVs!
    1
  65844. Bordenaro!
    1
  65845. I can't wait until the greedy people get no more money they deserve it.
    1
  65846. My brother just told me today his insurance went up $260 per year. Mine is due in June so I'll find out soon.
    1
  65847. Congratulations on 5 years, been following you from Canada for at least 3 years. You consistently put out top informative videos. Thanks and good luck on the next five years. I will be watching.
    1
  65848. Lots of cross generational social and financial information to enliven the public consciousness of how they compete with their peers. Thanks
    1
  65849. Steve Antonioni !!! The kid is brilliant. Everyone could take a lesson or two from that Canadian.
    1
  65850. I went to college and grad school. I never took out a penny. Worked insane hours and went to school my whole life. Now the friends of mine who were irresponsible with money during college and beyond are getting paid lol Good for them! I should have just borrowed a ton instead of working three jobs while in college. I’d be getting rewarded now.
    1
  65851. About the Portland situation, I wish you showed some sympathy to the homeless and maybe had suggestions to improve the situation there.
    1
  65852. I have no pity for people who make dumb decisions from a point of ignorance. Self inflicted pain. Oh well.
    1
  65853. I rarely use checks, if ever. I use all online, I do not use Zelle either, is garbage. PayPal much safer.
    1
  65854. Are these the so called REITS? I have seen a certain youtuber promoting them before as good investment...
    1
  65855. Time to buy ? Or time to bye 👋?
    1
  65856. Insurance companies and government officials are in cahoots IMO.
    1
  65857. Have you seen what Chipotle's stock price is. The last I saw it it was 3,200 a share of course they're getting ready to split 50 to 1
    1
  65858. Honesty is always the best policy.
    1
  65859. 👍🏻
    1
  65860. I don’t believe these crooks are stealing because they’re desperate. I believe they feel as though they have free rein to steal whatever they want cuz the democrats won’t prosecute anybody.
    1
  65861. 10% Inflation would Kill the Housing Market!
    1
  65862. In todays day n age ppl are woke and fed up
    1
  65863. I listen to Peter schiff. He’s a big bullion fan. Philip Morris is a huge dividend payer and typically a safe investment if you like fixed income. Agriculture is meh mostly cyclical
    1
  65864. Beginning of the 1970's...very few women brought home a paycheck...end of the 1970's...A LOT of women brought money home. So the asset inflation + household wage inflation of the 70's actually made a ton of sense if you think about the workforce doubling while chasing the same amount of "stuff". Today, it's asset inflation, but with a whole lot less wage inflation, so that's why I believe you guys are right.
    1
  65865. Thank you
    1
  65866. I would thing that current zoning laws would prohibit most airbnb's and single family rentals. Residential areas aren't zoned to have people running businesses out of their houses. I'm in the process of by a duplex, and it's only zoned as a single family. As of now the deal is not going to go through because of the zoning.
    1
  65867. Lets get ready to rumble😅
    1
  65868. I love the beautiful clouds on non-rainy days and all the lakes in FL
    1
  65869. Amazing footage. Especially the older apartments at the end!
    1
  65870. What do you make of these strange house fires that are taking place now? Pre foreclosure fires to collect insurance.
    1
  65871.  @MichaelBordenaro  It' a three story
    1
  65872. All these numbers are cooked. Its all for a certain event around next November. But I don't think ppl believe the dinner numbers anyways.....
    1
  65873. Thanks, Michael! MICHAEL IS IN THE HOUSE!
    1
  65874. Happy birthday
    1
  65875. Great video Michael!!
    1
  65876. They’re buying it for the property Michael
    1
  65877. This was fun to watch and reminiscence about the good ole days. I'd hate to see what those rents are now.
    1
  65878. The housing crash is gonna happen because of all these people who over bid by thousands on houses that weren’t even worth it, and I blame it on a bunch of realtors who advised people to over bid on those homes those people r gonna be soooooooo upside down
    1
  65879.  @MichaelBordenaro  You still have youth on your side. It is probably still the best game in town for a younger person.Good luck!
    1
  65880. I honestly think that the current administration is doing everything they can to crash this country badly. Because then they can blame the next guy. Five years ago I would’ve called him that statement a conspiracy. But I swear to God, that’s truly how I feel now.
    1
  65881. Investors aren't buying bonds...The Fed is. When the 10 year reached 3.5% a month ago, the ECB announced their unlimited bond buying program the next day. Of course, The Fed followed suit. The whole game is rigged now even worse than before. Now we have rigged job numbers where since March the establishment survey is 1.8 million jobs higher than the household survey which basically means all jobs gained since March are people working more than one job.
    1
  65882. Hi Michael. We love your videos. And we will be using your services in the next few weeks as we relocate there. Have you made any videos about Ft. Lauderdale? And if not, what are your thoughts about living in Ft. Lauderdale there days?
    1
  65883. My Realtor did not do explain that on the Appraisal I got Screwed I paid $10,000 more than I should have.
    1
  65884. Your exactly right, have been watching the market in our area closely and its the same story here, low priced homes arent selling and dropping prices all around
    1
  65885. 9K rent for a wreck? Un believable! My mortgage, taxes and HOA are less than 1K/ month here in S W AZ . I live in a nice area of Yuma, East of Hell , Hell being El Centro CA.. It is mostly a dry heat in the summer and beautiful for the remaining 8 or 9 months of the year. I can do a lot of travelling on the 8K savings per month!
    1
  65886. I like the overall market news coupled with deep dives on individual listings, great content!
    1
  65887. Home values are declining rapidly in the Tampa, FL area.
    1
  65888. Looking forward to your trip video’s. Have a great time!😊
    1
  65889. When I was a kid I loved going to visit my grandparents in palm coast. They had a really nice ranch house with a inground pool that was on a canal. It's a shame that they passed and we had to sell their home. That would have been nice for the whole family to hang onto a florida place to go on vacations too.
    1
  65890. What if we all get a 25% wage increase like the railroad workers along with a $11K bonus? Thank God we have brilliant people to lead us.
    1
  65891. The fallout is mainly due to inspection finding issues combined with the Buyers taking their rose-colored glasses off and no longer putting up with homes that are not well maintained and or nicely renovated. The Buyer is now owning the market and doesn't have to put up with it. They can and will move on.
    1
  65892. Yeah , millionaire liberal arts grads 😂
    1
  65893. There are a lot of affordable homes, townhomes, and condos in other parts of the country.
    1
  65894.  @MichaelBordenaro  I live in the Twin Cities. I a lot of people say this is an expensive area to live in, but there are actually quite a lot of affordable homes in areas that are not as trendy or desirable. I'm not talking about living in the ghetto. If people would be willing to buy homes that need work, only have a one car garage, are on a less than desirable street, be willing to buy a townhome etc. they could easily become a homeowner in this area.
    1
  65895. Thanks!
    1
  65896. EV cars are not viable, its a pipe dream, only wealthy people w house and garages can support this, they also usually have a few other cars, if you live in a city and use the car as a normal car and trips it wont work
    1
  65897. Gotta love leaf blowers 🍃
    1
  65898. As of July 22,2022 This is crazy what’s going on?! Why are people (agents) still listing their houses at STUPID HIGH prices?? Yes there have been list price drops - insignificant 20k, Should be more like 50k-200k. Some people doing larger price drops but it’s no where near what they should be doing 😑 This is in the Northeast New York Long Island, Suffolk County. People are still paying OVER LIST PRICE !!! When is this INSANITY going to STOP 🛑??
    1
  65899. I live in Florida in St. Pete and I'm gonna move somewhere that is not a tourist destination. Everyone thinks it's awesome but its not. Everything is crowded, driving around you got to watch out for drunk people on scooters, going to dinner is always packed. Traffic sucks.
    1
  65900. 🔥🔥🔥
    1
  65901. The economy will be doing well until November! I'm targeting next year to move to FL!
    1
  65902. She is a doll. Thank you for all you do.
    1
  65903. Always good!. Appreciate it
    1
  65904. I agree taxes without a budget is a scam, yet if we even just decrease paying our taxes on properties all of the levies fail including local gov. bonds, police, firefighters, ems, contracts for mail services, contracts for fixing and building infrastructure, standards for buildings and homes, accountability for crime and civil issues, a school system... unless those reading this are willing to take care of all of these things personally they shouldn't complain and I believe the corruption has gotten so bad, because the Gov. knows most want their help and for them to be responsible for us. -- Love ya' all. Keep growing. ❤
    1
  65905. YES, sooner than you think.
    1
  65906. The Credit Crisis is looming for Americans. I am a RN, we make decent money, NONE of my immediate peers have savings. They are all living on Credit Cards, HELOCs, while also paying on Auto Loans and Student Debt. They all think I am a loser for being a home body, debt free and saving the last 2 years. Maybe they will be right, Maybe all debt will be forgiven and They will come out ahead. Maybe we end in a Hyper Inflation bubble bust and cash will be trash and real assets will be of real value. More likely they all lose their homes as .GOV takes ownership of the house if they cannot make payments but let’s them live in it and They will own nothing and be happy. Buckle up, we live in interesting times. BTW I am looking but waiting as in OR price reductions not enough from this ridiculous bubble high. I live rent free now so easy decision.
    1
  65907.  @MichaelBordenaro  I've been in my home for at least 2 years. Should I apply for a equity loan just to have it for the coming recession?
    1
  65908. Anybody that has 30 thousand dollars a month for rent will buy a house not rent it. These are just greedy morons!
    1
  65909. Just left California Dana Point San Juan Capistrano.. born and raised 53 years now with 2 school aged children I can no longer afford private school, a roof, food and clothes for them.
    1
  65910. You guys are really good
    1
  65911. I am not a millennial and no I don't make 85000 a year
    1
  65912. I have SPS as well. Let's see what happens
    1
  65913. MEMORY REMIANS!!! LA DADA DA LA DADA
    1
  65914. Doing well but as usual live below means but dont deny self anything . Dont know even one unemployed person.
    1
  65915. Love the beach walk and talk today!
    1
  65916. Johnny says play at your own risk
    1
  65917. That is very true……. But they are also taking a chance and with current market trend, investors who got in late in the game are losing. True winners are the lucky homeowners who’s repair/maintenance have been neglected, and were not able to sell to end users due to condition of the house, found opportunity to find a buyer with huge appreciation.
    1
  65918. Here in NJ it's about 13 farenheit with the wind chill at about zero!!!
    1
  65919. I live in SD. When I bought my property in 2011 property taxes where $2700. Now my taxes are $7100. It more than doubled in 10 yrs. At this rate when I retire in 20 yrs my property taxes will be $20k plus per year.
    1
  65920. I used to see gators relatively frequently right off Old Cutler at Matheson Hammock Park. Happy birthday to Mrs. Bordenaro.
    1
  65921. I'll try to work everyday this month between both jobs. Saving .....
    1
  65922. you live in Miami, just go without insurance like more than 40 percent of the population does there.
    1
  65923. Hey that’s where my Mom lived for over 20 years!
    1
  65924. 3:28 I love your analysis Michael. I'm not saying it's Aliens but it's Aliens (I'm not saying that owning is a lifestyle choice, but it's a lifestyle choice) Lolz 😎👍
    1
  65925. Blueprinted
    1
  65926. A friend of my gf’s daughter is what I call a professional student. He’s in his late 20’s doesn’t hold a job his parents pay for his apartment across the street from college and he’s taking one class which he’s flunking out of. Plus he blew his engine on his WRX a multi thousand dollar repair. so guess what? His parents rent him a BMW to drive around in. A nice guy but lazy and unmotivated. He always has time to come over but not enough time to study and pass one class. None of my business but what the hell? The kicker is that he had worked construction which maybe he felt that he was too good to work with his hands. So college isn’t the end all I learned a trade which makes well into the six figures.
    1
  65927. MICHAEL is telling you. There will be many hungry RE agents. Do your own due diligence. And keep them insurance premium in mind.
    1
  65928. Never heard anyone talking about that... And i have spent a stupid amount of time on different channels on YouTube..👍
    1
  65929.  @MichaelBordenaro  spending conservatively is also less stressful 😊
    1
  65930. The government benefits from a high CPI almost as much as from a low one. If the CPI is high the FED increases interest rates and most of that extra interest income is then transfered to the government. (If it's low then the FED does QE and buys up treasuries.) Either way the FED will fund the government.
    1
  65931. Tell us some day, or we’ll look at other videos, why you left or don’t want to return to working in real estate, which you seem to know, have much experience in…
    1
  65932. Great video!
    1
  65933. Especially in Florida The government has forced people to spend there life saving just to afford basic living food gas rent Yes people have abused it by drinking party Florida The government did it by trying to surplus the economy by creating demand in supply The can has been kick the demand supply is not balanced devaluation of our money wars wars wars unnecessary Over taxation Rich politicians getting richer Yet everyone is living a lower standard than our parents 1960 did All these buy backs Loan forgiveness Is not free Jobs don’t pay a living wage Layoffs are coming By greed corruption politicians
    1
  65934. Having a commisions-based buying agent creates an inherent conflict of interest. First, no sale = no pay. It is in the agent's interest to drive for a sale even if the client's interest are not best served. Second, higher purchase price = higher pay. Client will want to minimize price paid but it is in the agent's best interest to maximize sales price to maximize their own pay.
    1
  65935. The term “crash” is somewhat undefinable and maybe a bit too loaded. Maybe “significant reduction” in prices might be more descriptive. In most areas, prices are in a slowdown, not undergoing significant reductions overall. Crash would seem to mean a reduction of average prices overall of about 20-30 percent. We’re not nearly there yet, but it could happen. Then again it might not. Things are volatile.
    1
  65936. I have a request… can we have a positive video? I know it might not be popular, but it would be a nice change of pace lol
    1
  65937. Michael could spin some positives that come out the reckoning. Usually some really crappy and corrupt companies go bankrupt.
    1
  65938. I totally agree with you as far as international investors.
    1
  65939. My stepsister and her husband and two dogs live in an RV. They are comfortable with it, but I couldn’t do it. Too cramped for me! Also…visited a McDonald’s today, and the only way to order food and pay was via a vertical screen. Couldn’t tell who the workers were, and the uniform was inconsistent and not really descriptive. Many people racing back and forth on the floor wore yellow plastic zip-up vests either reflector’s (they weren’t zipped up though.). Turns out they were some of the employees! No name tags, no golden arch on the vest. It was like they were men who did roadwork. One guy said they wore them for when they had to take food outside, so people would see them snd not hit them. I thought, “Was that a problem before?” Anyway, I told him I didn’t like this and asked him if they got a lot of complaints about the full automation inside of the orders and payment, and he said, “Yes!” I’ll bet! I would not think that this will help their stock!
    1
  65940. I am very grateful to you for informing us of this very important info related to Miami condos. I am definitely going to buy one eventually. But great to have this info.
    1
  65941. Your videos always give me motion sickness.
    1
  65942. Fannie Mae predicted 30 year fixed rate mortgages would PEAK at 3.4% in 2022...we are in the 6-7% range in april....all the "experts" predicted 30 year to PEAK in the 3.4-4% range by end of 2022....they either didn't see this coming or lied?
    1
  65943. You guys cruising down the street just making all kinds of sense! Always good input guys
    1
  65944. Another way to look at inflation. Our money is being diluted when the Fed prints more money without the economy producing more goods and services. So our money is buying less with our diluted dollars. Here's an example; lets say we play a poker game and 6 guys buy in for $100 each. So the banker collects the $600. Now imagine the banker passes out more chips to his friend in the game. The pot isn't right and all the chips are now worth less than when you started the game because the pot is still only $600, but there are now more chips in the game. So instead of the government paying expenses with collected taxes, it continues to overspend and pay the bill with printed money. And the people get screwed with currency worth less everytime the Fed prints more money. The people are paying for government spending with the inflation tax.
    1
  65945. Regarding fix-ups, it is doable but one must consider the cost of building supplies and materials. Building and remodeling supplies are through the roof, if you can get them. So I would not recommend fix-ups right now. Better to pay a little more and get a nicer move-in (ish) type home (no grungy carpet)!!
    1
  65946. Why is South Florida so unaffordable? Can you post the remote work article link? Glad you said something about political climate. In Florida you could literally be on a street with proud boys and conspiracy theorist Trumpers.
    1
  65947. I’m sure those celebrities who have sold their property at a loss—- CERTAINLY reported that loss on a tax return.. THEY didn’t lose. Guessing it’s a write off-especially in THAT tax bracket.
    1
  65948. You need insurance if someone get hurt,
    1
  65949. Companies should offer liability only, and liability + home - roof, and liability + home + roof, but only up to the limit they deem appropriate considering the age and damage to the rool. And no assignment of benefits ever..
    1
  65950. Florida was more purple, till recently.
    1
  65951. Those are great ideas but Michael doesn't understand that the political class works for the capitalist class, they will not band together to do anything. They do not work for "US".
    1
  65952. You need to play in the band with Wolfgang Van Halen, Mammoth WVH. Same style! Sounds good 👍
    1
  65953. Talk about the herd instinct with that Seattle property ! Oh yeah it’s the same type of people saying we are headed for a soft landing 🤨. Any guesses what the average outstanding SBA loan is ticking over at now ? (Prime +3). How about 10.75%? Over the falls for sure.
    1
  65954. I've decided that at the age of 77 I must go get the insurance license because of inflation in my retirement -- am going to change this COST CENTER into a PROFIT CENTER -- Bendito - no quiero estár comiendo pasteles solamente -- WEPA
    1
  65955. My thoughts are they have already surrendered to inflation. They are increasing rates and increasing government spending. You can't raise rates while increasing spending. They made a decision and already surrendered to inflation. If they wanted to reduce the labor market they would layoff or cut salaries of government workers.
    1
  65956. Why do all the big beach homes behind you look barren and empty? And the beach is empty too. Weird. It's like you terraformed Mars and you're the only person on the planet.
    1
  65957. Hell of an ending! 🤘… Long time listener. First time commenting. 👊 … when it becomes too much, let it rip! 🎸
    1
  65958. I think that sweet little cat may have been pregnant. Maybe she was going to try to find some place to have her kittens. There is another YouTuber (German in Venice), who is back in Germany now, visiting his mom. He mentioned that they are being asked to turn their heat down, but that his mom keeps it on all of the time. Great subject, Michael! Beautiful area too!
    1
  65959. We're hosed Michael!!!!!!!!!!!!!!!!!!
    1
  65960. I love that neighborhood you're walking through, with the enclosed yards and brick driveways/patios. The cars parked on the grass do look tacky, but paved parking spots or wider lanes could preclude that.
    1
  65961. Wealthy investors are feeling the pain and want their money back kinda like the crypto FTX debacle.... Blackstone says not so fast.. Blackstone's $69 billion real estate fund for wealthy people said it will limit redemption requests after breaching limits this quarter,
    1
  65962. The new print and spend bill exempts hedge fund managers and other big Democrat donors from a tax hike. And more money in circulation guarantees more inflation. Have we learned nothing from Venezuela? Throw the bums out!
    1
  65963. 👍
    1
  65964. Thanks to you- I have paid all my credit cards- I now only have my mortgage, car pymt ( next to get paid off) and utilities & food etc.. it’s such a relief.. if I can’t afford it- I don’t buy it.. I eat at home way more than I used to- it’s such a relief not having debt hanging over my head!!
    1
  65965. 8:44 don't use these terms genz, milennial.. its only made to divide the society a smaller parts and turn against eachother. this is an old comie tactics to make society controlable. in hungary its called salami-tactics because they cut up society the way you slice salami. they r boys, faters and gradfathers a member of same family.
    1
  65966. Well they won't buy a house then
    1
  65967. Hi Real Estate Warrior 😎
    1
  65968. 19:56 " It's not going to be fun watching your fellow Americans go into poverty" Thank you man. So much. It is not fun, and it is not my fault they are in the position they are.
    1
  65969. Michael ! you should become a politician and never retire even if you have a lots of money! That’s the solution for your boredom and guess what you don’t have to worry about any physical work either! I say run for office! Lol!😁
    1
  65970. 15k - 20k per month and coming up short each month, digging into savings for over a year...time to sell some toys
    1
  65971. Nailed it in this video, Michael. Inflation reports and charts, housing problems, and pushing reality past the election. Good work.
    1
  65972. Wow! We are dumping our expensive Ft. Lauderdale home and building a huge house with a pool on 2 1/2 acres in Naples East with zero out of pocket!
    1
  65973. Boston market is still hot as hell. I just had buyers today go 75k over and got blown out on a 570k house. 🤷🏻‍♂️
    1
  65974. Florida got expensive fast. Then throw Bidenomics on top of that.
    1
  65975. A few of Tesla employees made tik toks about their honest opinion of Elon Musk & employment. they said an ear full. :0 😜
    1
  65976. How is this first house even real
    1
  65977. If we can get everyone on board , we should “all “max out our credit cards simultaneously .
    1
  65978. How about a long slow bust ? 10-12 years.
    1
  65979. 1984 will be complete by 2025.I stopped using the mail 3 years ago because of lost mail!
    1
  65980. how bad is the flooding? has it reached up to palm beach county?
    1
  65981. Do you think the prices may not come down as much as some expect due to the FED printing so much money in the last 3 years. They created so much money that our perception of cheap and expensive has been distorted. If there is more money and fixed amount of goods does it mean prices won’t really drop?
    1
  65982. 😮
    1
  65983. These sellers are smoking crack rock rude awaking is kicking them in the ass big time! I’m watching Bay Area realestate fall fast 20-30% lower prices from 6 months ago! And the party is just getting started. Florida is next
    1
  65984. The economy is very very bad
    1
  65985. Appreciate your videos. Thank you for sharing
    1
  65986. It is true Michael. Just got a quote from multiple agents, yearly 3500-4500 for home insurance, flood insurance at yearly 3700-6000. Home is only 1700 sq ft. And not property tax yet. Home insurance even try to say they don't want any roof with 15 years old. Man I will move back up north 😆 🤣 Maybe keep renting for now as my rent is cheap!
    1
  65987.  @MichaelBordenaro  , especially in Baltimore County, Maryland. I have this conversation with people all the time.
    1
  65988. 6% is only a lot because houses are so incredibly overinflated. as it turns out, when your house goes up 50% in 3 years, so do your fees associated with selling it! math that! also, if sellers stop paying the 3% to buyers agents, as they've always been allowed to, either the buyer will pay and negotiate a 3%+ less expensive offer, or they will accept a 3% upfront fee, or they wont make a bid on the house. It's as simple as that. these transactions have always been negotiable in every way possible. If your agent didn't show you houses because they'd get a lesser commission, well that's human nature, sorry people suck what can i say. No matter what you do, a crap person will look out for themselves above all, and realtors as a field is susceptible to these kind of snake like people. Either way, they get paid from closing a deal. do you think they care more about you, or making a payment on their fancy car? be honest
    1
  65989. You're the best🎉 Michael. Thank you for the awesome updates and personal touches!! We're having a lot of price reductions in SO Cal too!
    1
  65990. You have a good fellas vibe going on.
    1
  65991. PPI NUMBERS CAME OUT TODAY Slight increase !!??? It’s so funny, in brackets next to PPI numbers showed ( except for food energy and industrials aka real estate ) These numbers are such a sham
    1
  65992. The real estate party is over in Canada. Listings are up again and alot of people have been caught with high prices. Pre Con has trouble as many people won't be able to close. As people started to buy first with no conditions they expected to sell their own homes at the high price of late January and February. Now the market is not the same prices. We are going to have bunch of lawsuits coming into play because you can already see failed closings in the near future. Plus, the valuations are now reflecting current prices and now you have shortfall on the principal mortgage amount you thought you would get approved for. Real messy right now in some parts of Canada.
    1
  65993. People... This South Florida Real Estate Expert KNOWS the market and conditions! He can be Trusted.
    1
  65994.  @MichaelBordenaro  the other question ks, if trucking rates are being cut, why aren't we seeing price reductions on the shelves?
    1
  65995. Love this type of video ! You speak the truth.
    1
  65996. Great surprise, respect both of you!
    1
  65997. I'm a day late and 6 dollars short❤
    1
  65998. SELL NOW !!!!!!!!!!!!!!!!!
    1
  65999. Choice riffage my man!!! Nice!!!
    1
  66000. **💯💪💯**
    1
  66001. No thank you for informing everybody of the corruption on the housing market, and congratulations.
    1
  66002. You should look into the tax increases O'Biden is planning to present this year in regards to the Capital Gains tax. Planning to ask for an increase from 20% (?) to 46.4%. Even the death tax, will go from 0% to 46.4%. The guy was explaining that if you inherit a house from your parents, pricing will be based on current market price and that they will have to sell it to pay the IRS 46.4%!!?? Got to love FJB!?
    1
  66003. The painful but necessary daily dose of wisdom and reality. I wish you had been arount when I was 30 (wheels were square and you might have been in kindergarten). I hope young people are dumping the illusion that they are bulletproof and walk on water. Misery in old age is preventable. BTW I pimped this channel out on a couple other favorite economic and real estate walk and talks. I hope that helps.
    1
  66004. You do explain things very well in that I don't get too swept away with the beautiful views in your backdrop. I spent a bit of time touring the bay area and wished I could've live there growing up in Boca Raton. Even a bit now. Austin, Tx is a nice place to call home though.
    1
  66005. It ain't over until it's over.
    1
  66006. I’m the complete opposite - I’m investing $10-20,000/month into Fidelity’s premium MM fund paying over 5%. I’m making thousands per month just in interest.
    1
  66007. Great vid Mike!
    1
  66008. The very people you get your paychecks from took out debt to build their businesses (not talking small mom and pop). Debt is ok as long as it’s used properly.
    1
  66009. Tesla is the only EV car I would ever buy. That new cyber truck is ugly.
    1
  66010. That's vary true about foreign investors but the state also need to stop anyone from moving to Florida. That's the problem that was affecting California. Now it's Florida. California had the tech jobs and the lifestyle. Florida has "no state income taxes" and the lifestyle which is very nice and attractive. Immigration and migration drove prices up and kept wages down. Too many people competing for the resources. Same thing is happening to Arizona and Texas. Politicians don't care because that's more tax $$$ coming in and they're not competing for jobs, apartments and even freeway space. Adding lanes don't even make a difference in LA anymore.
    1
  66011. I’ve been a minimalist for decades. I laugh at people who overspend like fools.
    1
  66012. I sold as much to Chinese and Iranians as American families Utah Broker 8 years). Wake up people! I will give up the money to save my country
    1
  66013. Recession- not—global depression- yes! Economic denial!- absolutely here and major avalanche is underway!
    1
  66014. We need Paul Volcker!!
    1
  66015. 100% truth Michael....God says "the truth will set you free"...maybe that's knowing what's coming so you CAN do something about it????
    1
  66016. Accentuate the positive eliminate the negative and settle on Mr. In- between.
    1
  66017. Be safe out there and enjoy the time of your wife when you're getting around walking through the bad neighborhoods
    1
  66018.  @MichaelBordenaro  well. Depends on who you ask. At the time I got them they were considered to the normal person a “bad” deal
    1
  66019. ​ @MichaelBordenaro  yup
    1
  66020. Great informative news. Thanks!
    1
  66021. Is it a recession or market correction?
    1
  66022. Happy Birthday to the lovely wife! Blessings 🙌
    1
  66023. By the way things are going... Everybody is going to live in a van down by the river soon. Cause all those in power don 't care anymore, they claim victory over inflation, pat themselves on the back and move on to other things. It's obvious they don't care if you live in a tent or a van down by the river.
    1
  66024. we watch you from Canada i am in Toronto
    1
  66025. Sell to who? Who can afford this?
    1
  66026. This is bad news:(
    1
  66027. The people who will be hurt most by this are pensioners as they see the equity in their homes vanish. Sure, older millennials like myself (38) could and will be hurt, but I still have time to weather this and recover whereas my parents who have just retired don't have 10-15 years for the cycle to run its course and recover. Alot people panic selling will be people in my parents generation 55-65 who are going to try to sell/downsize before all the equity leaves their current home.
    1
  66028. Yeap, I was getting tired of it, too. YOY is still up, they were saying... It should have been current versus the high, which was in the first half of last year.
    1
  66029. I feel sorry for retirees they r the ones who have too pay. Everybody is going sell
    1
  66030. before the rates went up. People are buying houses like pancakes. when prices go down these same people plus the people waiting for the crash will buy all these houses and supply will be low again so prices will gradually go up again and before you know it high priced house with high interest rate will be the norm. lucky are those who will time it right.
    1
  66031. Glad I found your site.
    1
  66032. Bring in Connor McGregor as Substitute Teacher see what happens then.
    1
  66033. McDonalds free since 2020.
    1
  66034. You two guys work well together thanks. Northern California Solano county Contra Costa county prices need to go down too many overbidding if everyone work together like these two gentlemen our economy will benefit from a new housing boom for 1st time home buyers. So if you own houses sell to 1st time buyers and let us remodel the house which will increase value in the market. Price need to drop need more inventory and investors should take a back seat allow the average Joe to purchase property, foreclosures included. Open the inventory for 1st time home buyers ONLY give us a break
    1
  66035. Belated happy birthday wishes to your Brazilian beauty!
    1
  66036. What neighborhood are you walking thru?👍
    1
  66037. Your a national treasure
    1
  66038. Gold and silver are cool and all, but it’s taken quite a long time for this recent move to happen. Same with those saying the “collapse was coming” in the early 2000’s and onward. Regardless of what happens here, I suppose the most likely scenario is a collapse like Japan in roughly 1990, where asset prices essentially reset. It would be devastating for retirees and the economy as a whole, along with young people (there are simply not enough to support the aging population). I would much prefer that scenario though to hyperinflation.
    1
  66039. I'm about your age, maybe a little older. When I was in high school in the mid-1990's all I heard from teachers, counselors and adults was that I had to go to college. Not going was portrayed as failing. I had around $45k in student loan debt which I finally paid off last year. Am I upset I didn't get the $10k forgiveness? Not at all.
    1
  66040. Dude the numbers are fake as hell. Much much worse...
    1
  66041. The attorneys are probably getting 30% of the $3 billion
    1
  66042. Very interesting... How much time do you think we have left before shit hits the fan?
    1
  66043. Happy Birthday Girl Hope you had a great one!!
    1
  66044. Don Johnson here.. still strolling around window shopping 😄
    1
  66045. You know what I just started watching your video but I have to disagree with you with in regards to the homeless people some of those people are veterans they fought and lay their lives on the line for you to be able to do what you do and be able to walk around in that neighborhood bring it down a notch
    1
  66046. Three types of Foreclosure. There are the Pandemic Foreclosure, Frenzy Foreclosure and the Flipper Foreclosures. The Pandemic Foreclosure are the people who could not/did not pay their mortages during 2020-2021. They are being processed now. The Frenzy Foreclosure are the people that got caught up in the hype like those in 2008. They wont be processed until later on as it can takes months for the process to be completed. The Flipper Forecloser is the guy that has a mortage. He's the one that will show up next. He's not living in the home but paying a mortgage. He's one of the two types of sellers (Flipper, or Investment Seller) that has to turn a profit therefore he won't drop his prices. His problem is time. The more time passes the more he loses. When he runs out of money he will enter into foreclosure. The Investment Seller has to watch out for Wall Street This whole crash thing is nasty..... You have to go back in time and read the headlines...... In the second quarter, Zillow bought 3,800 homes and just announced it will not buy any more for the rest of the year. Zillow will honor its commitment, however, to buy all the homes currently under contract......See this one of the sellers....
    1
  66047. If I had to move it would be out of the country for Shure , buy cheap and cash , and fha is no good , you better of usda
    1
  66048. Oi pessoal
    1
  66049. There but the grace of God go any of us. I wish them well. One word of advice. FIGHT!
    1
  66050. 2001-2003 you could buy an oz of gold with less then $400 gold was just at $2,400 an oz that's a $2000 profit for every oz remember people precious metals is long term you exchange your $ for it and never touch for the next 30+ years you make a lot on it and it is a hedge against inflation that's why i told my company to stick their 401k where the sun doesn't shine every penny i would put into my 401k went into physical gold
    1
  66051. Let's go!!!!
    1
  66052. Leary capital? that's nice!!!!!!!!!!!! Congrats if you're getting paid
    1
  66053. 5:23 lot of this going on
    1
  66054. WEF Agenda 2030 in action. By bankrupting people through skyrocketing property taxes, insurance and interest payments it won't be long before people will no longer be able to afford owning a house or a car. But the WEF says we will own nothing and be happy so I guess it's okay.
    1
  66055. Me too, I am happy all that artificial housing appreciation are out. The world is a safer place without the money hungry wampirers (R.E. developers/builders/investors/short-term Airbnb/stocks/scammers) hopeful we will weather inflation soundly. Thanks for the glimpse of hope in your talk today. Be safe 🙏
    1
  66056. If you are gonna be a flipper and ask 5 million for your house, make sure the first thing a prospective buyer sees is a completely lunched out asphalt driveway. Screams high end - LOL! Delusion!
    1
  66057. I just want to thank you Michael for all your videos, it killed the "i gotta move to Florida bug" i had for the last couple years after my military service. I was fortunate to be able to buy back in late 2020, so i am sitting happy. But i appreciate your perspective. We will what the economy and housing market will do over the next few years, a lot of volatility 👍
    1
  66058. My neibors followed his job to Utah - he rented the house here - new tenant from up north wants to buy it - I told owners he was interested - they got together - yankee was updating me and said putting down very little ( oops ) - I mentioned , in a neighborly way - well, you should put more because you dont want to be house rich & pocket poor - he looked at me like I was from another planet - bet he doesn't understand big mortgage / no fun 😅
    1
  66059. I very much enjoy the content you have with Reventure Consulting there're extremely informative. I think you are very ethical and the data from Reventure is very insightful. I totally agrees with your perspective . I am also from the midwest .. Mpls Minn. I live in Boca now....I moved to Florida about 35 years ago . What i hear from you and Reventure make sense.....I am a fan . I enjoy your walk throughs around Miami and drive arounds. I agree there is a recession on the horizon .
    1
  66060. In some Cities in Europe you need a license to list your Appartement at Airbnb. Hamburg 🇩🇪 Berlin 🇩🇪, Madrid 🇪🇦, Palma de Mallorca 🇪🇦, Barcelona, Amsterdam 🇳🇱, Paris🇫🇷.
    1
  66061. This is America what do you mean we take loans out and have to pay them back? Do stupid things get Stupid results
    1
  66062. Isn't Orlando a major draw for foreign investors because of the mouse's house?
    1
  66063. 60 % of the people wishing for a crash, probably coudn't still offord it if it happens. taxes and insurance will not decrease and that most of the monthy payment.
    1
  66064. We know Michael that's why we listen to you.
    1
  66065. THE LESS YOU SPEND THE MORE YOU HAVE! 💰
    1
  66066. Totally agree with you Michael as always. We have been very lucky in a fairly modest level in real estate, the timing was always right for us and I attribute that more to luck than any shrewdness on our part lol. We were just commenting several days ago on the ridiculous prices they're slapping on houses. I remember about 2005 I think it was talking to a realtor down here in South Florida and he was saying how things are going to keep going up up up and I countered that I thought there was going to be a crash in the real estate market and he said never will happen in South Florida. We know how that turned out. I feel especially sorry for my friends in the service industry down here who have been renting and now have literally been priced out onto the street and don't know what they're going to do. Paying 1900 a month for a 600 square foot studio in a not great neighborhood. So glad we bought our condo 4 years ago, our mortgage with taxes and insurance and HOA is a thousand a month for a two-bedroom two-bath on the water 5 minutes from downtown Delray. Again, luck. We are retired living on social security, no pensions and a modest savings so the equity in our condo is our nest egg. The problem is that when we sell, what will we be able to afford? We will definitely have to move out of state more than likely after many years down here. Anyway great job as always.
    1
  66067.  @MichaelBordenaro  that's the plan! Maybe. Lol. I'm really amazed though at these two bedroom one bath homes with a carport in a not so great area and they're asking $550,000. It's crazy. Thanks Michael!
    1
  66068.  @MichaelBordenaro  P.S. in 2004 or so we bought a really cool loft style home with a guest house and a pool in Lake Worth. We paid $200,000. 3 years later we sold it right before the crash for $270,000. The person that bought it lost it within 6 months and it subsequently sold shortly thereafter for $70,000.
    1
  66069. This Student loan forgiveness scam makes no economic sense to me. It will be inflationary and increase the cost for the the next group. And is unfair to almost everyone else. past and future. Do you know about portability in Florida . people use that to reduce the tax base they pay on a new purchase. Biden is just buy votes it is terrible in my opinion. The only real winner are the Universities selling the loans . which they strongly promote to the student . There should be a law it is predatory lending .
    1
  66070. Sams is discount store ?
    1
  66071. Non-disclosures are what a home warranty is for. Get a home warranty and there’s no issue.
    1
  66072. It would be nice if you had sponsors to pay you for advertising. As for gas I am happy I have not had to buy any since 2021. Still running on stored and homemade Diesel. A real estate collapse would really help me as lower property values mean lower taxes, which is my main expense each month.
    1
  66073. Negative? Your videos are very insightful and I watch them every morning with my cup of coffee. I don't know how you're able to put out this much content, with links, and reply to 400 comments. I rely on your videos to keep me up to date.
    1
  66074. 80 trillion dollars in debt are not on any balance sheet of any bank, business, or financial firm in the world. It’s derivatives.
    1
  66075. @Michael You need to walk at the beaches just like...... Dan @ ....IAllegedly......we need eye candy ; )
    1
  66076. We really appreciate your mom's wisdom,She gave us a lot of good points That we don't think of she is so wise Beyond her years, and yes there is a thing called being aged out of the market another words you're too old to be trained to their ways and standard Which is a shame another word you have high values and worth ethics in which you don't need today we hope to hear more from your mom before you leave she really gives good advice thank you thank you so much
    1
  66077. Michael, Fed will have to slow down or we go into a depression...
    1
  66078. It’s reality!
    1
  66079. In summation: A fool and his money are soon parted, and godliness with contentment is great gain. I'm on SSI and food stamps. I have affordable housing but wish to move, I have food. I do the ADD OCD method of financing in that I run right out and pay rent and other major things off the top, then focus on easier to obtain things
    1
  66080. You're welcome here in Naples Michael!
    1
  66081. Michael. Listen to your own words.....You are smarter than you realize. Sequence. The top, and the smartest guy sells. His buddies say he is stupid. hehe. Then prices slowly start to drop. The Wise guy Flippers do not hit the bid. These all think they are smart. Then, the flippers suddenly wake up. They finally sell, barely able to get even. THEN, the real crash will only happen if/when the regular, longer-term owners have to sell, just to get cash. Remember, a lot of them are owners of 2-3 places. Right now, this last group is not worried, at all. Just Wait, Henry Higgins!!!! Just you Wait!
    1
  66082. In Oregon, if your spouse passes away and didn't put your name on an asset and didn't specify that it goes to you... guess what, the State gets it. I was not surprised to hear Oregon come up on the list. It's a commie state in SO many ways!
    1
  66083. What’s up Michael! Love your videos brah! 🇺🇸 👋
    1
  66084. When you guys are saying stock pile cash do you mean literally hold cash or just save money as in an acct rn?
    1
  66085. Like your video as usual and don’t like your sunglasses as usual too. 🤓
    1
  66086. I have found an item sold by 3rd party seller but is ship by amazon. I'm not sure if this is legit, because their rating is very positive but only 3 people have bought from them.
    1
  66087. Thanks!
    1
  66088. Great advice! You wife sounds like a unicorn............🤣
    1
  66089. The government just doesn’t care about the people on the bottom. They will give enough welfare so that people don’t riot and they will suppress energy aka steal wealth from opec countries to prop the stock market. Depression cases will continue to sky rocket as we continue to print and make life harder for those who actually try
    1
  66090. Mike, Apartment complex I just moved into has not paid my real estate agent for 4 months!!!
    1
  66091.  @MichaelBordenaro  my parents retired with close to $700k in their account... Late 90s...they are in their 80s now and living in government housing... I have no idea how much that would be nowadays but it would be substantial... And they are not spenders... That tells you everything you need to know...
    1
  66092. Very edifying presentation, Michael. There seams to be a well orchestrated narrative being propagated, "We've turned the corner on the temporary downturn: Happy days are just around the corner". I think that people who get their "news" from tv and real estate advice from their local hungry realtor all believe this to be true.
    1
  66093. Finally I see your beautiful eyes, I started to follow you about a month ago. Getting ready to buy a home in Michigan…😊
    1
  66094. But Inflation is "transitory"..... LOL
    1
  66095. Marvel team up
    1
  66096. Another banger my guy
    1
  66097. I think all this recent like half a dozen local and international banks failing is like the 'Bear Stearns' fat oversized 'canary'. And the more they save their 'system' temporarily, the bigger the break later. And remember, from the 'Bear' it was only six months to a systemic seizure last time. So the 'Lehmans [Month]' is probably still ahead, and it's gonna' be bigger than Ben Hur. Love your practical, no-nonsense facts, Michael.
    1
  66098. Most Don't even know what a HELOC is. Every house of mine I moved into I got one and I Don't need one.Had 5 I got cash ect for getting one and U Must Keep ur options OPEN. Today u can only write off a $100k so that's what I got.Then u have to Open it or THEY will close it Get it ? I'm paying $7 a month So What and then a Fee $100 per year So What !! How about a $100K vette for $50K BINGO !!! Remember Daddy may not to be around to save ur AS but ur HELOC is then just pay it back..ALOHA😁😁😁😁😁
    1
  66099. I hope that they will learn the lesson and no one buy that overpriced house.
    1
  66100. Jerry didn't pivot. His most recent speech was actually very hawkish its jut that the stock market misinterpreted what he said. He's been saying for a long time he was going to reduce the rate of increase in Dec and continue at the reduced increase probably until he breaks something then we'll see the QE and mortgage backed securities purchasing start again. As MB pointed out the FED rate is still increasing which is not good for housing.
    1
  66101. Starting to grow a bit of a mullet Mr Bordenaro? Keep up the great work enlightening the people. Happy Thanksgiving
    1
  66102. 6:24 that’s Miami today…
    1
  66103. I'm also someone who is in favor of technology; Tesla was my countryman; I dislike the misuse of his name but like the legacy. - However, the fanaticism of electric vehicles has put me off that technology and not just that. Last summer my husband and I drove through Europe. The dystopian landscape of solar panels and wind turbines covering the entire Denmark and Germany left us gasping. You should have witnessed it driving the German Highway.... Oh, my God. The horror. Not only that... the climate mafia has been installing these windmills and solar cells all over the world. We were in shock for weeks. Then the news about German industry collapsing. The insanity of that statement. How vicious those minds are who have come up with such a scenario?!
    1
  66104. After what I just heard we need to denounce our citizenship sneak ourselves across the border 10 get sent to Martha's vineyard so you can sue them for it and get away with it then go to New York and get $10,000 and have the government pay for your rent
    1
  66105. They are always the same at times, fat cows, the poor lose and lean cows are not even talked about because the rich are richer and those who pay all are the ones who need it most.
    1
  66106. Idk why anyone would rent a single family home for like 20k per month. It makes sense to rent a place on a high-rise for like 2k-5k because its usually right on the beach, might have nice amenities and better location.. but if you are paying 20k a month you can easily buy a home cash somewhere.
    1
  66107. im a flipper in nashville and similar situation happened to me house was old and didnt have crawl space but still had inspection and they were supposed to disclose any major issues i paid cash and didnt have any loans or hard money loan had like 50k left over and come to find out it was ate up with active termites and i had termite inspection they passed it ended up causing so many problems with repairs and budget i wanted to sue owners and termite company for that bs this rehab took years off my life span smh
    1
  66108. I heard the big banks poured billions back into the small banks to make the whole banking system look good.
    1
  66109. 8:10 is there any legal recourse she can take? Since this is literally the same line sold in the last crash, one would think government regulation would try and prevent it.
    1
  66110.  @MichaelBordenaro  I hope you’re right.
    1
  66111. Hoping first look is still high. People just have to make sure they are in a position to buy.
    1
  66112. Judt to add to this, most investors use bank money and variable interest rates, as rates increase investment is more costly
    1
  66113. Mahalo 🌴
    1
  66114. There's the problem... bought it for 1.9 million, and 2 years later want 2.9 million for it... only a fool would buy it.
    1
  66115. Wow! Hope you are ok today! Like your common sense and comments. It's crazy how rents are going up.
    1
  66116. Inflation is 25-50% in my experience.
    1
  66117. Hey Michael, you're right about the inflation caused by free money circulation. The other reason why the US Govt wants inflation to continue is that they are using inflation to reduce the US national debt. I'm from the UK and our economy has the same problem.
    1
  66118. So true. I used to live between two giant lawns and the mowers were constant and always at the most inconvenient times.
    1
  66119. Spend! Spend! When the rock finally drops, gonna drop heavy and hard. Now we have 'tis the season' of debauchery coming up, so, of course they want you believing all's well.
    1
  66120. In the mid to late 1980's, mortgage interest rates went to 17%! In Houston TX, $3,000/mo rent, will get you about 3,500 Sq ft.
    1
  66121. Illusions have been destroyed! That's what I feel anyway
    1
  66122. I feel the sunglasses are icon but I understand if not everyone can pull the "I wear my sunglasses at night" vibe. (Sarcasm). Love your videos!
    1
  66123. I love your idea about first right of refusal for owner/occupant, Michael. That is fair. Great idea!
    1
  66124. And again we get to pay for the boomers greed
    1
  66125. I made more money than I have ever made (about 40,000 more than I did last year) and I feel broker than I have ever felt. This inflation is crazy and it is way worse than the current administration will admit. My income is up and somehow my quality of life is down. Its time for a change in our government. Need the socialists out
    1
  66126. About the birth rate. I think we need that. Population is exploding overall in the world. People in developed countries know better than having tons of kids
    1
  66127. Housing Market TIPPING POINT is Here. for sure, with inflation over 9% and climbing!
    1
  66128. By saying "transform it into something else" implies somebody else will buy it but i think that's not it. I firmly believe it will be transformed by homeless people slowly moving in and transforming it into their space.
    1
  66129. Always remember Will Rogers quote,"I buy land, because they ain't making anymore of it".
    1
  66130. Who pays for our military spending, which is more than the next ten nations combined? I didn't hear the big corporations or rich people complaining when they were getting pandemic bailouts. Money spent on housing people isn't an expenditure, it's an investment in our future. If you don't believe in that, you don't believe in building a society.
    1
  66131. There will be crash don’t agree with the broker
    1
  66132. Exactly what NYC has been since the late 80s. Take over old buildings, knock them down. Then the empty lots keep getting flipped and resold for more and more. Finally a developer gets the funding to make the super upscale condos. The sad thing seems to be the higher the rents go up the more the transplants/hipsters are killing to pay it. They don't like an area until its expensive and "up and coming". Locals scream scam for years but agent tells the transplant how its a steal so they pay it. Everyone needs to agree rent is too high before they will lower it. Right now its just a suckers game. The big landlords will sit on empty apartments for years before they lower the rent. Once they fill enough units at the overpriced rent they sell the building to an investor and brag about the profit/loss statements.
    1
  66133. Speaking of grur's. What are you thoughts on Ryan Serhant always on tv saying now is the perfect time to buy? He started his career at the bottom of the market in 2009 but doesn't admit at some point it won't be a good time to buy. LOL As more area's gentrify the super rich will be less willing to overbid for the previous exclusive neighborhoods. Not sure if this could happen for areas just outside miami. =)
    1
  66134. Loved that mansion lol
    1
  66135. The Teslas are awesome. They drive great. But you do need a home charger or at least to be able to charge at work. Also they need to sort out the battery situation. They need to make it easier to replace parts of the battery pack instead of the whole battery pack.
    1
  66136. Sell high but then there's capital gains if you don't reinvest.
    1
  66137. Good analys. Intressting content.
    1
  66138. In Japan - they are accustomed to 100 year mortgages for their residences.
    1
  66139. Wife and I make over 250k a year in Miami.. and we still struggle.
    1
  66140. Who o whom are the genius that keep bleeding our pockets: Home and car insurance up Hoa up, properties taxes up, rent up, groceries up, utiliies up, gas up etc. No wonder thousands of seniors getting Social Security are moving to Mexico. ggg
    1
  66141. You have great content. I really enjoy listening to people have been in the business to learn more about real estate.
    1
  66142. From Bloomberg Aug 25, 2022: "Home Partners of America, the single-family landlord owned by Blackstone Inc., will stop buying homes in 38 US cities, becoming the latest institutional investor to back away from an overheated housing market. The company, acquired by Blackstone in June 2021 for $6 billion, told customers that as of Sept. 1, it is pausing applications and property submissions in Boise, Idaho; Fresno, California; Memphis, Tennessee, and 25 other areas. It will go on hiatus in 10 additional cities on Oct. 1. Blackstone, in a statement, said it and Home Partners continue to actively buy homes in more than 20 of the country’s highest-growth markets."
    1
  66143. You are right on regarding 40y vs 30y mortgages.. What's next? 50 then 60 then 70 then you are renting but paying all the carrying costs too then you die.
    1
  66144. Very informative. You've saved me a lot of personal stress. Don't thing I want to go the condo route again...thank you so very much
    1
  66145. The hedge fund vulture bros have ruined mobile home living in many markets. Hedge funds improve nothing - they are designed to strip all the cash possible out of their acquisitions. They know they are ruining peoples lives with massive lot rent increases to tenants who are trapped. They have no morals or cares. We need to change tax and investment laws rules and regulations. Residential properties need to shed their gold class investment status and return to being about having housing available to the masses.
    1
  66146. What did house cost in a Sears Catalogue 1917!
    1
  66147. A lot of what you’re sad is so true websites like Instagram and Pinterest always showing million dollar views and homes make everyone want them when only a select few can afford them.
    1
  66148. On the bright side, I just closed on a fixer upper house today for 70k in Illinois 1 hour SW of Chicago 940 sqft. Needs about 5-10k in fix/seal/clean the crawl space after contractor estimate. Needs cleaning/TLC but nothing else major. Paid cash on a 12 day close. Will be my home base when everything is fixed then sell my current address. No interest in being in forever debt in 500k homes.
    1
  66149. This is what i have been wanting to do as well i have been to plenty of different beaches in Florida and i love the salt life. I'm at this same beach right now as i write this 😃
    1
  66150. You know what i can't believe @13:00 someone got that high priced car just sitting outside under a tree. Lol they can't afford even a shed wtf? They better not have a tire blowout and need an oil change at the same time. 🙄
    1
  66151. Michael I have no idea how you can endure those kind of temperatures ? Stay hydrated Sir .
    1
  66152. Thank you
    1
  66153. Liked the banner tows going by . Great info as usual!
    1
  66154. They probably would send national guard out to put everyone out there home if property taxes not paid
    1
  66155. I saw does on the comments, for you and Nick. I reported and blocked them all. Regarding sellers asking prices: we should all do the same and make this seller ridiculous offers. for example is a house that they are asking 850K, I offered them 450K and told them that its all the money is worth to me, of course they wont sale it to me, but I am an all cash buyer no financing, and if we all do that then lets see what happens. They are asking ridiculous prices we can make ridiculous offers
    1
  66156. The Fed wont let it happen this year maybe next year 2025 they keep the economy propped up this year....
    1
  66157. Wrong Michael, your wife did contribute to the video...my first thumbs up clicked buddy. Keep going!
    1
  66158. You sir,have a broad sense of knowledge that most folk including me can only hope for,,,,thanks for sharing,,maybe some will rub off by osmosis….
    1
  66159. How did it go there thru the hurricane?
    1
  66160. I Like That...
    1
  66161. Pray for a recession and not a depression
    1
  66162. Do you think I should sell my home Florida I just bought or keep it and wait it out? There is roughly 60k appraised over sell price.
    1
  66163.  @MichaelBordenaro  sounds like he's worried about negative equity but no, don't sell unless you are flipping and reinvesting that money
    1
  66164. Michael please update us on how insurance rates in Florida will be adjusted upward due to this devastating hurricane. Please hope and pray everyone recovers. Thanks MG 😊
    1
  66165. I got Bjs membership for the gas prices 🙋‍♀️ Btw your foot looks a little crooked, I hope you didn’t break your big toe 🙃😝
    1
  66166. Land flippers are a major factor for this current bubble.
    1
  66167. Love malls about as much as drag queen story time. At $120.per square ft. what a suckers game.
    1
  66168. Foreclosures creating inventory.
    1
  66169. I make 83k and I can't buy anything in Houston Texas unless I want to live in the hood. Redicilous
    1
  66170. Metals..,gold silver lead
    1
  66171. Those teardown or remodles sometimes take years to finish, so those people are renting also. Not everything is move in ready.
    1
  66172. Love the videos! Watch them everyday that they come out. Love from Sarasota 🌴
    1
  66173. You are preaching regarding new employees wanting to work remotely. They are not profitable yet demand so much
    1
  66174. The Fed continues to buy MBS and manipulate the market, they should just get out, stop buying..
    1
  66175. Economies are always heading for disaster, it's part of life now tell us something we don't know? Clicks and views, fear sells.
    1
  66176.  @MichaelBordenaro  uhg, I'm buying more Bitcoin....
    1
  66177. This is a good take, people are cooking from home now. Current prices have left consumers unable to afford fast food.
    1
  66178. What can you do about bad neighbors? I interview neighbors if they're home but you never know. Some stupid cow with a little dog that barks all the time. Some a-hole with loud car and thumping base. There's no escape. It's never safe to buy a house to live in until you have enough to have no neighbors which takes a while. Buy to rent or invest in something else.
    1
  66179. I can't wait until this is everywhere. So sick of all the high-horse people who refuse to see reality.
    1
  66180. Curious about your thoughts and opinions about South Miami-Dade. Crazy apartment building along US-1 area between 200th to 288th street. On top of that more townhomes being built. Also seen a lot of Lennar and DR Horton developments in the Homestead area.
    1
  66181. Will this be worse or same as 2008?
    1
  66182. Good content. You got new subscriber and thumbs up.
    1
  66183. HI Michael it is your choice :) Glasses or not. Many people do not like to hear things they do not agree with, particularly in Cities like Miami. Majority of people in Miami have a very particular mentality. Been in Miami for almost 5 years I still do not really understand the business mentality in this town, I arrived to the point that been crooked is a must. Example: One thing they do not follow is the accounting principles, regardless if you are private or public, it is mandatory not an option and this particularly in the real estate industry, but one day it will hit them in the head like a tone of bricks, because it is the law,. This behavior is so not acceptable, that I took all my investment and all my investors money ( My investor are multi-billion companies) out of Miami and to other states and even Europe. Right now we are at a stand still in the US and buying in Europe,
    1
  66184. I love your videos, trust me, im afraid to go to the grocery store.
    1
  66185. This is just more evidence that the fiat money system, is coming to an end and a global government bond collapse is upon us. Bonds, fiat money, insurance is all connected. This is just the last flailings before its inevitable death. Also, if people don't know, motorcycles and scooters are not mandated to have insurance. Some of my tenants have a 150cc scooters. My car insurance went up 15%, I only have the bare minimum because I don't have debt on them. I self insure my home, so I'm very fortunate not to get caught up in this debacle. I figure living in central Florida, the risk is fairly low that I'll have any damage due to a storm, or at least nothing beyond my skillset that I can't fix.
    1
  66186. I guess if you think that real estate is going to crash and you want to move to west Florida, why not sell your condo in Miami, move west, rent for two years and buy in when the prices are low. Put your cash in a high interest earning account in the interim.
    1
  66187. We are still SOOOO early. People are still talking like this is just another "blah blah yadda yadda" recession.
    1
  66188. Currently buying a home. 2240 Sq ft, 2 story. Built in 87. .5 acre of land. Columbia SC. Home was listed Oct. 22 fpr 290k. Was reduced in price through December to 265k. No takers. Was delisted and owner installed new, cheap appliances in the kitchen. Relisted same price. We offered 255k. They accepted. Did a full home inspection. Home needs about 30k in New siding and windows and about 50k in repairs and remodeling inside. We offered 250k and they bring 10k to table plus do some of the more minor repairs. They don't want to do the repairs and just want to give us more concessions. Hoping for 245k purchase price and 20k at closing!
    1
  66189. Interesting point. How can HOA folks get a decrease or discount in their property taxes? 🤔 Propose a new bill or law? How?
    1
  66190. 187% where? Miami? Florida? National? Please clarify, thanks
    1
  66191. Never build your life around a job, the rules can change on a dime. I chose to work in a job where i can work anywhere eitber in person or remote for a reason.
    1
  66192. there's 2 more videos in reflections off your sunglasses :yougotthis:
    1
  66193. Michael————I’m living the good life————read my ABOUT PAGE
    1
  66194. Hi Michael! I am new to your channel and just subbed today. I enjoyed your walk and talk, and wanted to ask you about what your thoughts are about some places we are considering moving to in Florida. Some of the cities are on the Gulf side, like Bradenton, Sarasota, and the other places both north of Bradenton and south of Sarasota. Also, more inland, like Parrish. On the Atlantic side, what are your thoughts and recommendations? Thanks!
    1
  66195. Well said Michael
    1
  66196. 3:58 Great point!!
    1
  66197. Wow! Thank you for the advice. Now I can ask lot owners about renting & HOAs, pricing & %age. What's really going with the government & mobile lot association!?!
    1
  66198. love your channel. questions: what is the brand and model of ypur sunglasses?
    1
  66199. its poison no matter what price they charge
    1
  66200. 7:05. here come the private boat lifts for mid 30 footers. things must be sooo tough there.
    1
  66201.  @MichaelBordenaro  Hopefully things turn where 'most' families can afford a beachfront condo to retire to. Thanks for your videos!
    1
  66202. Thank you
    1
  66203. Let me explain the way the real estate market really works. You said it "thirty four trillion dollars" (I spelled it out because it would be more characters to actually put the digits) that isn't backed by gold or anything. The property within the united states will be inflated to justify the money they print.
    1
  66204. The home pricing isn't really the problem maby to some people it is but the interest rates are what's pricing people out and even if a seller drops there price that interest more than makes up for it, those like myself that bought pre covid and before the price increases and then refi when it was at its lowest are now have no incentive to sell our homes, example 300,000 dollar home when bought with a 2.3 % interest rate and now valued at well over 400,000, if owner was to sell and move the money made off of sell wouldn't cover the difference on a new home at current rates so basically if people don't sell and upgrade then older homes at lower prices won't hit the market
    1
  66205. Definitely a sign of the times when Walmarts are closing 😮
    1
  66206. You should look at Portugal. You're lucky to have a Portuguese speaking wife. Lisboa or Aveiro.
    1
  66207. Don’t forget that some of the republicans like mtg got loans during Covid, some over a million dollars, and got loan forgiveness. Why are we having to pay the loans that the rich took out and got loan forgiveness for ?
    1
  66208. Yes, a hoa might deliver some advantages, but it's just not worth it the amount of monthly fees youre paying just for the community pool and some one mowing the lawn. There are far more disadvantages, i rather save the money and mow the lawn myself!
    1
  66209. I am in Ocala, and I have noticed this as well. Nighttime lows are warmer in the last several years. Our A/C runs more at night than it used to.
    1
  66210. 35,000-45,000$ is good if you are single and don't own a home.
    1
  66211. Meta RIF will pay a good severance. They be ok for a while, unless they dumb.
    1
  66212. I’m renting and saving money because I really don’t have a choice, probably for many years to come. Maybe I should move to Memphis. Not
    1
  66213. Liking this channel more and more everyday. Thank you!
    1
  66214. It "How Many WILL Fail" not Wil, you got that thumbnail screenshot title wrong. But anyway, good video, keep up the good work!
    1
  66215. Can somebody tell me, in CA whan tennents stop paying rent, how does the land lord pay morgage and maintennece costs? I was thinking of buying and renting out in CA, is this a good or bad move? Any better alternative, please, suggest ?
    1
  66216. Great channel, deep understanding of the us economy and real estate. And there's the global economy. Real estate in the us is not going to crash, probably flat, demand supported by world money.
    1
  66217. Amortization is front loaded. So pay two lenders a bunch of interest in two separate contracts? Unless there are other advantages than face value, this phrase is a scam
    1
  66218. Post BUBBLE Contraction Under Way with It's Credit Crisis.
    1
  66219. That is a cool werewolf
    1
  66220.  @MichaelBordenaro  I have done much homework on the areas. I agree with you on Ft Walton. My son lives there. My biggest concerns are the schools. I’ve narrowed it down to Niceville, Crestview, & Navarre. They seem fairly equal. Although really not sure. Is it possible to tell me how much a home would cost if you paid $1600.00 month mortgage?
    1
  66221. Self insure.
    1
  66222. Flood insurance is super expensive.
    1
  66223. I use to live in Belvidere I remember all this was 16 years old then I was also in the Tornado that hit the high school on april 21st. 1967 I lived there for about 12 years have since then moved to Calif. do you remember the ( Sandwich Shop ) a small little stand best burgers I ever ate they were 25 cents back then owners name was Harold not there anymore though, I went back there to see my brother in 2019 but could only stay for about two hours but what a memory
    1
  66224. In other words, Michael, what they're saying is all this happy talk. It comes down to being brainwashed.🤔
    1
  66225. All spot on my brother, an absolute home run on every point! I'm heading back to New York City and the northeast come December, certainly a nice place to visit, but unfortunately I'm not meant to live here....
    1
  66226. 500 to a million is not what we need, not affordable, 300 thousand range homes are better
    1
  66227. I live near the bright line station . But the reason the property values are going up is because it is near the water I live four blocks from the water that is why not because of the train.
    1
  66228. Great Video, Michael🌟🌟🌟🌟🌟 I especially enjoyed viewing the Memorah Sculpture on your wall. Always admire the landscape while you are walking. Excellent point 🌟🌟🌟🌟🌟🇬🇧
    1
  66229. Mike, can't you buy title insurance to protect you from any potential liens?
    1
  66230. $350,000 a month..................I mean come on that is funny...............lol...............they think that someone can a. afford that, and b. even if someone could afford that no one is that stupid to rent something that high wen they can buy a house like that
    1
  66231. Your comment on the dresses: the USA used to have layaway. This concept seems largely forgotten. But the store would hold an item for you, and you'd make payments (interest free) until you fully paid for it, at which point you'd get the item.
    1
  66232. Yes do research on the air bb
    1
  66233. As an analyst, I don't agree with the figures either. Haven't for some time.
    1
  66234. Insurance companies are also going to raise rates due to 'solar flares', eclipses, and when Mercury is in retrograde. Tighten the belt, and pay up.
    1
  66235. For the algorithm.
    1
  66236. great movie .... "Too Big To Fail" ....you'll get a "visual" as to what's "kind of" happening...
    1
  66237. That's why they paused the rate hike.....to stop the bank runs
    1
  66238. Jesuz, the level of government corruption here in the USA is just as terrible as that of in Italy.....maybe worst...
    1
  66239. ❤
    1
  66240. Maybe in 7 years this will be more expensive - and thats what they thought? In 7 years they may sell it for 600-700k ? That was the reasoning I reckon!
    1
  66241. I live in South Florida and it will be very interesting to see this year's property tax statements.
    1
  66242. Appreciate you Michael!
    1
  66243. Imagine living in a van at 80 years old and in failing health...now that's scary 🤤.
    1
  66244. Dude, next video can u do it riding a 🐊 instead of walking? 😎 Thanks from California.
    1
  66245. Thank you, Michael.....terrific intel and advice. I agree with your plan to "hit the Bid" and rent ; no one has ever gone broke taking a profit !..
    1
  66246. Funny thing is Americans are buying properties in Columbia and Mexico. There is a big exodus from the USA to those places you just actually mentioned. Those countries are growing and have a upside. The night life is amazing similar or actually better than Miami.
    1
  66247. another lie 401k is a trap,they did away with pensions and obummercare did away with workplace insurance.the big bussiness and insurance companies cashed out
    1
  66248. Buy gold, buy silver, invest in long term storage food, have a plan for water and for God's sake, figure out a way to protect it all!
    1
  66249. 17:18 I think “they” want it to crash.
    1
  66250. Happy birthday 🎈
    1
  66251. I had an adjustable rate mortgage years ago on a condo. Paid the whole thing off when it came due..
    1
  66252. Lol in my country we rarely do insurance mostly for houses but not for apartments. The tax for 2bd is $300. We literally pay nothing.
    1
  66253. In the case of the $25,000/yr. insurance rates, it would be better just to self-insure and save that money in a high interest savings account. What's the odds of their being a total loss? In the end, I'll bet they'd come out ahead because at this rate, it'll be more than that from here on.
    1
  66254. We had to put a new roof on in Denver because of hail damage: $40K for a medium sized roof.
    1
  66255. I have a deposit down on a eco RV resort that's gonna be beautiful. I can staycation there, live there or rent it. For certain retired people or even younger that want to travel and not be locked to one place Rv lots are the way to go. You get a space, insurance is super low on RVs and lots and for the most part HOA fees are super low with full access to amenities.
    1
  66256.  @MichaelBordenaro  I know exactly which one you're gonna post. Islamorada sun outdoors. 😊
    1
  66257. Great video.
    1
  66258. Why would I sell my home, when I could rent it for 3X my mortgage payment? I'm in S FLA. This will keep prices high because people won't sell, unless they are forced to sell. They will hold and inventory will stay low.
    1
  66259. The only thing that makes it hard for me to predict what the direction of the market is headed is the fact that it is election cycle. Will they keep raising the interest rate and stop giving out free money in order to fix the economy OR will they cave in and ruin the economy in the long run just to get elected? 🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️
    1
  66260. The feds and our government have no clue how to fix this, maybe it all needs to come crumbling down!
    1
  66261. Is this real or nominal GDP?
    1
  66262. Lol 😆 you tube fanatics count me in. You are one of the YouTuber I religiously watch.
    1
  66263. Probably won't be long until digital license plates are hacked--and appear blank.
    1
  66264. I’m glad I live in Alabama. Nobody cares about us. No crazy rent.
    1
  66265. Your videos make me happy!
    1
  66266. I had to live at my Grandma's house for a few months back in 2000. I was studying the stock market heavily at the time, and was always getting cut off as she was picking up the phone. These kids don't even know inconvenience!
    1
  66267. People are calling out McDonald’s if it was a medium size drink or fries then It would be a deal breaker permanent stay.That a scam the 5 limit only for certain store and it only going to last one month in June .not giving people free refills anymore.i don’t eat at McDonald’s haven’t eaten at McDonald’s since 2015 .
    1
  66268. I'm confused. We've sold & bought many houses, in 3 states. The listing/ selling agent's commission is what it is - home seller & listing agent negotiate that. The listing agent determines how much of their commission they'll offer to the buyer's agent. It's usually right there on the listing. I don't see how that is relevant to a home seller? I never cared who got what %, all I knew was what commission I needed to pay my listing agent. I don't really understand this scenario? As a seller I'd pay one agent a commission, I'd never pay more than the standard 6% or 4% whatever it is. I've never known any other way! 6:18
    1
  66269. So glad to hear that Sedona is at least attempting to do something to encourage homeowners not to do Air B&B. It may not be the best solution, but perhaps this will help the situation, and other towns will follow suit. Great video!
    1
  66270. thanks for another video! The real estate there is high value, lots of taxes paid and the pavement looks like something from a third world country. Makes me want to puke!
    1
  66271. If people ever learn to read between the lines - you might have to improvise some new riffs - if not keep on -to the "turn a round" !
    1
  66272. 1
    1
  66273. Florida does have some cool city names. Hollywood, Jupiter, Naples, Marco Island, Port St. Lucie
    1
  66274. The prices are insane. Over 5 million for a small water front lot.
    1
  66275. Your making too much sense
    1
  66276. people that want to sell cannot afford to buy.. lol.. you know what this means??? the major icing on the poop cake..
    1
  66277. At least put on a car cover.
    1
  66278. beautiful view! love it!
    1
  66279. Lol! Nothing is guaranteed. Only the clueless say they know about what will happen
    1
  66280. Yea! So great to see sweet Lisi! Happy birthday, Lisi! 😊
    1
  66281. “Rent control does more harm than good” For sure. Anytime the government steps into a capitalist system it becomes less efficient.
    1
  66282. They should just increase the rate and get over it faster 😒 STOP chasing for a UNICORN 🦄 called SOFT LANDING 😂 GOVERNMENT spending needs to be TRIMMED and Increase or hold high interest for longer. I agree with Michael. YOU NEED TO EXPERIENCE FINANCIAL HARDSHIP TO LEARN. It not being doom and gloom. It OUR REALITY right now. " Leader ANTICIPATE, Losers REACT " 💙
    1
  66283. Here in Texas folks are selling because of the increase in property tax value.
    1
  66284. Michael no need to be afraid of the hood. You have the complexion for the protection, for the collection 😩“Paul Mooney”
    1
  66285. I am ready
    1
  66286. Michael, you're talkin about that guy that was in his twenties on the house for a few months and sold it. I think what he meant by that that he didn't want to take care of himself on the maintenance was paying for the repairs,not actually fixing it yourself.when I owned my house I did most of the repairs to save money and learn. I think the commenter on your channel was talking about something else,he was talkin money.
    1
  66287. I have enough rules imposed upon me by my little suburb city without having more imposed by a neighborhood HOA.
    1
  66288. Dang! Those Property Tax bills. Here in Hawaii average homes up over million would like mine pay 2,500.00 a year!!!😊
    1
  66289. Michael. the VA band aid approach for our Vets is debt on debt when more likely the house went into foreclosure since it was upside down with no equity and no buyers. Why in the heck would one take out more debt with no equity and no buyer. The gov would be better off in allowing the Vet to walk away but be allowed to purchase again when the market returns to a proper affordability index. One thinks the gov is compounding the problem. The Biden admin is curtailing the "interest accrued" as another tactic to get around SCOTUS ruling that Biden must go to Congress on debt management. The gov knows they are doing this despite the SCOTUS ruling and is basically illegal, but the political desperation move to reign in young voters and put Congress into a corner will fail because the younger voter has seen this before in other "foregiveness" scenarios eventually overturned by SCOTUS. Smoke and mirrors.
    1
  66290. Infinity mortgage lol, I like it.
    1
  66291.  @MichaelBordenaro  I'll travel around the country, and meet many different people from the Midwest. The Northeast and Florida is their final destination, mainly older couples and their late '40s '50s and early '60s They're not going to stop coming
    1
  66292. Well done gentlemen well done!!
    1
  66293. Hey Michael what are your thoughts on why those cities have such a high probability of price decline? What could drive the price decline there vs let's say Miami?
    1
  66294. Micheal, not forever, just to get by the Nov elections. Political, pure and simple. But, the clear-thinking & common-sense US taxpayer sees right through this political scam. Look for a Reagan like landslide in Nov. Bank it.
    1
  66295. Michael, I appreciate your content and insights, but I believe you are overlooking a crucial factor in the Miami real estate market. In 2022, there was a large influx of migration from South American countries, specifically over 140,000 Cubans, the largest migration from Cuba in six decades. Additionally, there was an influx of migrants from Venezuela, Haiti, and other countries, as a result of the pandemic. These migrants are not likely to be the driving force behind the market's growth, as many may struggle with affordability and could potentially vacate their units, causing a surplus of vacancies and contributing to a downturn in the market. This, combined with other macroeconomic factors and trends, could spell difficult times for landlords and regular citizens alike. I have been closely following the data for years and have found your channel to be informative and insightful, but I believe there are other factors that should be considered in this situation. I wish you all the best and keep up the great work!
    1
  66296. Progressive sent me a boat renewal, bust out another thousand...........Texas, very low weather or really anything risk area
    1
  66297. @Michael I hope the wedding was great fun! 🩷 Blessings to the Bride & Groom 🩷
    1
  66298. We all need to boycott all high rental and housing prices. Let's all buy tents and stay in them until they make it affordable. Who's with me?
    1
  66299. Oh. Happy birthday Lizi. Cool. Like the videos.
    1
  66300. Best DUO
    1
  66301. Boomer parachutes keepin it real! Big Pharma need$ another c○v¡d bump, shareholder profits r most important 😅
    1
  66302. Haha, that north Miami home owner who bought for 1.5m in 2021 out of his budget, airquotes "wants" to sell for 3.4m in 2023 and never will, and now cannot afford the 30k/year property taxes is laughable. Sounds like a drug dealer trap house operation if you want my honest opinion.
    1
  66303. Not only is Bitcoin finite, the government doesn't control it.
    1
  66304. You guys look like brothers 😂
    1
  66305. I live in Midwest, my family's economy never been better and those around me. I get these stories but there is another side too and we need to look out for ( as a society! ) for those who aren't
    1
  66306. With interest on the debt over $1T/yr, and we're now borrowing to pay interest, the fed is risking losing control of the currency. Its not just prices going up, its also the dollar going down due to more dollars in circulation.
    1
  66307. Great question, especially for people who live in california. If your home burns down, do you still have to pay the mortgage, if it physically doesn't exist anymore? And if your house Burns down, wouldn't your property tax? If your house is gone, will you even have to still pay the taxes, If there's no thing there of value like a physical building?
    1
  66308. I hope you're right on the increased inventory
    1
  66309. Almost positive CA taxes are based on PURCHASE price and RAISE EVERY YEAR BY 2-3%
    1
  66310. Do you think REOs will be available for the individual buyer soon, or will the best deals get snatched up by the big boys? Assuming they come available like they did in 2010/11.
    1
  66311. Word
    1
  66312. Affordable neighborhoods come with no sidewalks.
    1
  66313. Be safe Michael!
    1
  66314. Make a video on your survival tips.
    1
  66315. Like your content.
    1
  66316. The real truth stop buying certain foods in the quantities that you used too and when their sales go down sharply then you force to market to lower prices. Less demands, high prices, means lower prices! Don't buy cars prices go down, don't buy houses prices go down and the same with food. Start a garden, start looking for deals. America is all about Greed now!
    1
  66317. Great content. These rate increases are going to break the economy. Look out below.
    1
  66318. I’m a real estate agent, and told my clients to wait to buy..
    1
  66319. $6K to $7K rent per month for 2k sq ft? Hey, are you guys nuts or something? What? Insane! Edit to add: After seeing those cars in front of that kind of house I perceive you guys are living in a different world then my own. My place there must be worth $100M?!?! <scratches head>
    1
  66320. Insurance companies are working wirh corporations to phuk us. Look at what they do to renters now? They are forced to get insurance to cover their own stuff.
    1
  66321. Ticket Scam Master's for Ukraine! Glory Hole!
    1
  66322. My parents helped me when I was 23 and I was and am and always have been very financially responsible and successful.
    1
  66323. COVID eviction restrictions are still going on in parts of California? Ridiculous!
    1
  66324. At 2:49 “the more debt you have, the more money goes each month to servicing that debt” Maybe the US government should listen to that advice and stop raising the debt ceiling each year !!
    1
  66325. Hi Michael that's why I like to lesson to you cuz you don't repeat what's on TV you research and find out stuff what's really happening not like most people Appreciate and happy there's more people like me 👍🤗
    1
  66326. Happy birthday 🎂🎊🎁🎈🎉
    1
  66327. Happy birthday!
    1
  66328.  @MichaelBordenaro  Yeah i got the same problem with Arizona summers.
    1
  66329. You know what gets me is seeing all these ignorant comments below me talking about living in areas they can't afford. If you can't afford to buy a house in your area, you can't afford to live in your area. It's pretty simple. Most of these folks in Florida are complaining about the cost of living. Why are you living there then? Common sense.
    1
  66330. This house was a tax exemption purpose or a laundry money purchase, Since when an owner prefer losing an entire year of passive income just because he refused to put a reasonable rental price! That makes no sens. He literally prefered getting no money out of this house for an entire year, than getting a little something out of it! And we dont even talk about the property tax yet. It is clear that this house was bought with dirty money waiting the property appreciation over time, but that economic crisis hit at the wrong time for them
    1
  66331. I've always wondered about this. What do you think about offering a homeowner the amount of money that they paid for the home originally just so they can recover some of their investment and get out of their home. Do people ever do that?
    1
  66332. They will just put homes on mls and only offer $1 if they want but they have to offer something. It will never be zero
    1
  66333. Fed will backstop banks again with taxpayer money. Lending standards will be more stringent. Prices will dip with tighter lending
    1
  66334. Beautiful ugly old Chevy truck 😂
    1
  66335. Florida will eventually only be for the rich.
    1
  66336. Word
    1
  66337. I’m thinking of moving my investments. This is not good for the market. I’m not alone.
    1
  66338. My question of the day is...how long will it take for the prices to come down???? Besides that re insane housing princes...no offense....I know you are a Realtor yourself, but there are plenty of agent's that are fueling the market. So I wouldn't but the crazy housing market at the sellers alone.
    1
  66339. Why aren't you running for president? Nevermind you tell the TRUTH.
    1
  66340. 1.35M for that house lol, that's a rip-off.
    1
  66341. What is worse is realtors, and auto dealers and all that encouraged people to borrow. My ebay sales flatlined.
    1
  66342. I can't stop watching your videos! Thank you.
    1
  66343. Dont take it if you cant re-pay it!! Not the taxpayers problem!
    1
  66344. The Intercoastal waterway looks like the calm before the storm ⛈... It’s going to Be a blood bath...👁
    1
  66345. Hi Michael I have some to add to those who doesn’t believe in gold: my father used to say that “in the end we will trade gold for food “
    1
  66346. People have always helped their kids get a house.
    1
  66347. ALL CONDOS' ACTIVITY MUST BE CHECKED BY LAW ENFORC. I KNOW IN BARCLAY ARMS CONDO IN HOLLYWOOD OWNERS HAVE BEEN DEFRAUDED FOR DECADES
    1
  66348. You want to talk about insurance increase, here is one for you. A friend of mine that owns various hotels, just received an insurance increase for one of them. 2023 Previous insurance 457K a year, new 2004 insurance 1.25 Million a year now. Yeaa Welcome to Florida. And that its only one of them, how do they expect this hotels to make any money?
    1
  66349. This is all paving the road to a currency reset with subsequent introduction of the CBDC which will be promoted as the remedy, no?
    1
  66350. Janet Yellen told us inflation is transitory. She really meant maybe a decade or two. 😂
    1
  66351. Does a HELOC make sense to finance a remodel? I've seen many folks I know take equity out of their house to pay for a nicer kitchen / bathroom, etc, but I think the idea that you'd get your investment back in terms of even higher equity is pretty dang dubious
    1
  66352. Home prices will drop until they are at or around 10-15% of pre Covid values.
    1
  66353. If your remote job was added due to an increase in business as a result of the pandemic you will likely find yourself unemployed. This isnt specific to remote work, even the on-site workers are seeing this, i.e., office workers in the real estate industry. My employer actually just reiterated that we will continue to be full remote, especially those of us originally hired as remote workers. The key is to be in a niche role or field if you want to remain remote, of course this may vary by employer or region. Furthermore, my employer has a clause in the employee/employer agreement that forbids us from working for another company or taking on additional work from outside entities without it being cleared by HR. I imagine this will be the standard, especially when conflicts of interest start to surface which may lead to potential lawsuits.
    1
  66354. Love you guys! You do great videos together!
    1
  66355. Walmart word salad... Stores are underperforming...
    1
  66356. Millennials, Gen Z spend money like water. They need to start saving like squirrels. Unions used their members. They would have been better off with Roth and 401 KS.
    1
  66357. Your twin brother had a baby?? You never told us...
    1
  66358. Michael....buying a home to live in is not an investment.....an investment generates cash flow....like Rent and itnis a depreciating asset on the ledger because of that along with business expenses
    1
  66359. Great video thank you 🙏🏻 Can you share what company makes your sunglasses? they’re pretty cool 😎
    1
  66360. My cousin sent me the weather forcast for Sacramento area for this next week. All over the 100’s all week. Let us know is there a difference between 90’s and high humidity. Or over 100’s and no humidity. Happy 4th!
    1
  66361. Happy Birthday!!!😎😎😎😎
    1
  66362. Was that 70 Million for a lot you've got to be kidding
    1
  66363. Love your content! But I'm so used to the glasses that it feels odd when you don't wear them lol
    1
  66364. If you are health conscious just spend $20 to buy 2 salad kits from Costco. That's enough to cover your dinner for 5 days.
    1
  66365. I think it's good you're not selling because even if people can double their money, unless they have another place to live, they'll end up having to pay double for their new place, too.
    1
  66366. Don't move. my husband and I live in Jacksonville Florida area, he was itching for better weather and we moved to Hiawassee Georgia (GA Mountains), lived there for 1.5 years, but it didn't work out because he couldn't find a remote job, so we moved right back. He got his old job back and we're doing exceptionally well. Just because you can, doesn't mean you should.
    1
  66367. Michael why aren’t you making any more Florida videos need to be adding more variety
    1
  66368. Don't be so hard on people michael you have 2 understand them, we are living in one of the worst times in history when it comes to the economy they live with that every single day maybe they barely have enough to buy food or pay rent i get thatits like watching or in this case listening to your life uuuff that's hard man!
    1
  66369. NEVER buy an Ev because the liberals/socialist ramming this crap down Main Street throats. Let the auto industry EVOLVE over time. With not taxpayer "bribes".
    1
  66370. Unless the federal reserve says print baby print. Stay away from housing.
    1
  66371. Another phenomenal vid! Thank you.
    1
  66372. Sounds like some old school Black Sabbath. Love it, rock on man!
    1
  66373. Good video, good advice!
    1
  66374. Hopefully this place dont tell you "you cant film here as well"
    1
  66375. michael. put down the crack pipe. housing will go down atleast 45%
    1
  66376. When you say wait it out how long one year two years? How long do you think
    1
  66377.  @MichaelBordenaro  that's exactly my timeline and what I am banking on
    1
  66378.  @MichaelBordenaro  Honestly think shortly after next election will be best time to buy I suspect next two years atleast in Miami area we will see a slow increase with interest rates but not a drop in price with zero supply.
    1
  66379. If the prices of homes are about the same I’d take the west coast of Florida. You can keep that shitty NY attitude and the Miami trash. Give me the kindness and friendliness from all the Midwest people that moved there.
    1
  66380. Thanks a lot I really appreciate all effort you make to let us know so much important information, you're the best.
    1
  66381. I don't do Amazon period. I'm too compulsive.
    1
  66382. Thanks Michael 👍 😊
    1
  66383. Very good report Michael!
    1
  66384. Sometimes we just need to -- Rock On!
    1
  66385. Well Michael, I read alot of comments. And see no one commented on your question about the sunglasses. 🤣 Ok, you look like the good looking realtor without them. With them, you look like the Cool good looking realtor. 🤣👍 Have a great day.
    1
  66386.  @MichaelBordenaro  I do believe sw Florida around Cape Coral, Lehigh acres and other parts where there’s lots of land to build on may have a bigger affect. They’re building like crazy over there
    1
  66387. There's zero traffic in your 'hood..
    1
  66388. Home sellers, if you want to see home prices start going up fast in your area, cancel your listings.
    1
  66389. On individual finances, there's always choices.
    1
  66390. one thing to do before your economy has hyperinflation of its currency is borrow a lot of money at a low rate like a mortgage since you can pay it back in 2034 dollars instead of today's dollars, and get some walmart stock before it splits 3-1 this month.
    1
  66391. 17:52 😂
    1
  66392. They will give them the option of paying a fine instead and differ the reserve fund for 5 years, and they will pay the fine again 5 years later. Essentially it will become a tax.
    1
  66393. The owner of 1042 ne 95th st made a profit of $1.7m no tax right ? Owner bought the home 29 years ago ! He can take that $1.7m and have a good life !
    1
  66394. 👍😎
    1
  66395. Good morning! I saw that 60 minute special last week. I knew something all along was not right! But, glad they expose the fraud! The entire system is rigged 🤬¡!😡🖕🏼
    1
  66396. DON'T move to Jackson! I've toured there and it's crime ridden.
    1
  66397. The state and the county They know what's going on They make it so expensive To build home 🏡 In turn home getting more expensive plus it a win win For state and county In terms of collecting higher Property taxes So there is no incentive To make it less expensive To build home 🏡 The higher the home price The higher Property taxes 🤠
    1
  66398. The Chinese will just use blind corporations. The issue the UK has is, the Chinese buy property for investment but don't live or rent out the houses. Many areas in London are now ghost sectors which doesn't help the local communities.
    1
  66399. What about increasing everyone's social credit score if they don't choose to finance their life with debt (good or bad)? There should be some type of reward or "added value" to a persons profile for such an accomplishment. Thoughts?
    1
  66400. Michael, this today from our Apartment Complex: “ Dear Residents, It's not too late to sign up for FLEX to cover your monthly November's Rental amount! Flex is a 3rd party company we partner with that pays your rent on the 1st of the month and you pay them back throughout the month, based on your pay days! This helps avoid late fees and can even help build your credit! You do have to already have a $0.00 balance to be approved- check out the attached flyers and apply today to get access for next month!“ I guess people aren’t making their Monthly Rent on time. Paycheck to paycheck. Luckily I don’t need to use this.🙏
    1
  66401. the splurge spending that you mentioned is based on nihilistic "end of times" doom mentality. Credit card, home equity, personal debt expansion that can only be explained by recognition of the mass psychosis phenomena afflicting American society now. Eat, drink and be merry for tomorrow we die.
    1
  66402. Hi Michael I watched your video on California. I know you mentioned Marin County as your favorite area. I live one county north in Sonoma County. After 20 years living in San Francisco, where I live is paradise. I live in Guerneville but there are other small towns ,Monte Rio and Rio Nido near me. This is the wine country grapes all around. Not cheap, but less than San Francisco to rent or buy.
    1
  66403. Thanks!
    1
  66404. We eat at mom and pop shops. We used to be chain store people. We haven't eaten at one in three years.
    1
  66405. Thanks!
    1
  66406. They’ve joined forces!
    1
  66407. The FED moving to a 4 or 5% inflation target bankrupts the Federal Government and a lot of corporations and households. Who’s going to loan the Federal government money at 3.5% when inflation is 5%? Yes, investors are currently buying bonds under the inflation rate but only because the current high inflation is perceived as temporary. That completely changes once the FED tells investors 5% is the “new normal”.
    1
  66408. Pple like meet Kevin sayin a rate cut in September.
    1
  66409. I said screw it. $23 cheesburgers, $8 beers, $140 an hour for boat labor, $7000 a year in insurance for the house, $2000 more for insurance for my 2016 Tacoma. The florida dream is not for people that make a measley $90k like me. I'm going somewhere tourists and snowbirds don't go drive up prices.
    1
  66410. Not a great layout. I really don't like the way the bathroom door opens up directly into the dining area... If you absolutely must have a toilet there, the door should open towards the kitchen area, or even better, have the entire toilet somehow connected to the laundry room.
    1
  66411. welcome to the retrace of the usa - not the land of milk and honey
    1
  66412. Only thing more corrupt is our government
    1
  66413. Where can you work to save 100,000 per year for 36 years? Even if you have a business not everyone will make it with successful business
    1
  66414. Wow! NJ trying to attract business? I left my garbage home state of NJ in 1995 in my 20’s. It can rot. Also, I am a remote worker. That Pandoras box can’t be closed. Those businesses will just close and flip NJ the bird
    1
  66415. Avg household that age better not have a mortgage.
    1
  66416. I agree 😂
    1
  66417. Nearly 3 million dollars? Is that a nice neighborhood or are the prices that high in your area?
    1
  66418. These "analysts" working for those companies you mentioned are just mba's that are up in their high floor offices playing with numbers on spreadsheets. they're detatched from the big picture. Guys like you are seeing the big picture. You're interacting with us and traveling to see other markets firsthand. The most recent and blatant example of their disconnect from reality was just right before the pandemic when some medical people on youtube were telling us to prepare for a pandemic and yet the stock market was not recognizing the threat. The market only tanked after the WhO declared a pandemic. Oh and Goldman Sacs is offering a 10 year note with 7% coupon and they're encouraging investors to skip the treasury auction and buy their bonds. What is GS up to? They've lost billions underwriting the apple card and are loaded down with delinquent credit card accounts. Lots of banks turned down this deal but GS was dumb enough to do the deal
    1
  66419. ❤😊
    1
  66420. Largely agree with the increased costs. Still trying to feel out the financial and real economy. Maybe we’ll experience a non-recessionary deflation first. It depends on how the standoff ends between deficit-hawk Yellen, inflation-hawk JPow, and an administration that wants to be re-elected. They may take turns, but unemployment might also have a say.
    1
  66421. This looks like a beautiful neighbourhood. Where is it?
    1
  66422. I didn’t use an agent when I bought in 2011 but it was new construction so I just dealt with the sales office.
    1
  66423. Can someone please explain to an uneducated person like myself how are foreclosures up with all the price appreciation in the last few years? With prices at all time highs can’t someone just sell their property on the market and make money?
    1
  66424. So I don’t make 200k I make 100k my rent doubled! Gas doubled my food well you know where that’s at… and NP I can definitely afford to stock pile money 😂😂🤣😢 no we’re on the balls of our *ss! Here! Even though we’re making double of what a 2 income family makes in our area saving is next to impossible! I have 800+ credit scores and trying to hold on to my down payment but the reality is inflation is killing the middle class. That’s the plan and it’s working! We’re screwed I didn’t FOMO so I’m renting and before these idiots realize their not selling their 250k home for 450k I’ll probably be broke!
    1
  66425. So 1.2 million Citizens customers are all going to suddenly all at once start shopping for private insurance?
    1
  66426. I love your videos. You always make a lot of sense and keep things simple. Your video seem very honest and very insightful
    1
  66427. Mega mansion 2016: 2.6 million, 2022: 17 million ...... thats just ridiculous
    1
  66428. Do either of you know if PPP money is still going out? I heard somewhere that the IRS is only half way through the Employee Retention Credit and billions are still going out. A kind of shadow money printing.
    1
  66429. How come Danish citizens don’t have this housing problem?
    1
  66430. Property disclosure forms aren't worth the paper they are printed on.
    1
  66431. Also, most people don't even know the difference between the furnace and the water heater.
    1
  66432. Some of the woke banks are starting to do this as well, to make minorities own a home. Which I believe sets a trap for the buyers with 0 to 1% down.
    1
  66433. IT'S ALL ABOUT TO BLOW.....
    1
  66434. Thanks!
    1
  66435. I live in an older condo with HOA. New mangers just started last month. Hmmmmm.
    1
  66436. 0:19 "With a..." glorious shirt That's one of my favourite patterns. Burle Marx nailed that design!
    1
  66437. Renters have no Capital Gains.
    1
  66438. Great efforts and understanding Michael I suggest to rename this channel to sound economics related channel to reach more people Also I hope you to talk about other countries Greetings from Egypt
    1
  66439. 🚨 RECESSION 🚨 !!!!!! ⚡️IMMINENT ⚡️
    1
  66440. Home depot gives a 10% discount to veterans You also get free interest on a business card when you buy orders over a few hundred dollars
    1
  66441. Wishing you well Michael 😊
    1
  66442. Concealed carry - no permit necessary......God bless Texas!
    1
  66443. That's why this RE mkt is bubble... Credit driven
    1
  66444. I receive regular emails from a real estate agency in Clermont, Fl (Orlando suburb). They stated one insurance company (I believe state farm) are no longer insuring homes built prior to 2003. Insane.
    1
  66445. Michael, keep informing people as best you can. Things are cooling off. I expect this cooling off to take sometime, perhaps as long as 12-24 months. If Biden gets back in, expect at least a recession if not a depression. His administration has caused most of these increases in prices. He has attached the energy sector which effects everything. Biden is a complete failure, plain and simple.
    1
  66446. Hello Michael..
    1
  66447. It's caused by the Cantillon Effect. Our debt-based currency incentivizes people to mainly speculate on real-estate since most people have a hard time out picking the stock market. Not investing your money at all is bad too because your money will inflate and loses its value. It's a game. The money system sucks.
    1
  66448. Real estate in private communities in the Midwest are Booming. I know- I live in such a place. So much building going on and houses are appreciating 12 percent a year and have been for a decade. But it is a PRIVATE community- with a gate. No homeless, no crime- but no diversity. Oh well, you can't have it all.
    1
  66449. Harder and harder to own anything.. but every one can own some Bitcoin.
    1
  66450. Michael..do you know why car insurance rates go by thw zip code where you live( costs to repair vary by zip code) that makes sense. BUT ...Homeowners insurance does not go by zip. Wht not? Why are these rates be impacted by claims in other zip codes, even other states?
    1
  66451. For those of us with great credit, no debt and low economic time preference the Recession can't come soon enough and the bigger and longer the better.
    1
  66452. Nice video, what neighborhood is that?
    1
  66453. Inflation is simple, there is no single number. There are different numbers for specific types of cars, hot dogs, paint, iPads, 2x4's, frozen pizzas, legos, car insurance, airline tickets, etc. all these things have vastly different and unique inflation rates. Compiling them into any kind of aggregate number is the Con. There's shrinkflation, bulk rates, regional variances, and even the individual needs, etc. as mentioned. And all these different numbers change constantly.
    1
  66454. Thanks Mikey. 😊
    1
  66455. Watch the people behind him. What is going on in that Food Court?! And the bald guy gave such a dirty look 😮
    1
  66456. ✔️ great vid
    1
  66457. Hi Michael, I see you out in the sun a lot. I can help you with your skin it may help a lot. Before going out, eat one heaping table spoon of Virgin Organic Coconut oil refrigerated by Dr. Bronner's. I get it at the whole foods, I think Publix sells it too. ✌️
    1
  66458. If you cant come up with a down payment you wont come up with rent either....fact
    1
  66459. i think they did mess up, they should have paid for an inspection before closing.
    1
  66460. If the buyers buy the home for cash, how do their payments continue to increase?
    1
  66461. I recently moved out after 13yrs renting in one of those 60yr old condos in 2022 just before the shit hit the fan. Run by the ‘Soprano’ wanabes I named the ‘Buffalo Brigade’!!! HOA fees only were under $150./mo now it’s at $450./mo not to mention taxes, insurance, etc. They’re currently redoing the entire roofs & lord only knows the assessment for that!!! It was in Ft Laud, FL & it’s happening all over the SoFla region I’m short term renter & would NEVER buy in the entire state!
    1
  66462. Good list, although many of those places I have not lived in so can't really say anything, god or bad about them. I have however lived in West Central FL for 25 years. Largo, Clearwater, Palm Harbor, Tarpon Springs and St. Pete. Have spent lots of time in Tampa as well. St. Pete is what I call home but currently not living in. When we move back, we will only consider St. Pete and will not be looking at any others, even in the near vicinity.
    1
  66463. I resepct most of your researches and informative Videos. But Michael you are naive thinking that Gold and Silver is not manipulated. Come on ,you should know better than this. I had been trading both to know that there's a ceiling for Gold and Silver.
    1
  66464. The entire economy since the 90's has turned into a sick opiate-addicted, cancer-ridden old gambler with a book from multiple big-time loan sharks, based on crooked unseaworthy 'ships coming in' that never had any credible cargo routes in the first place. It has to go down, and a 'London Fire' conflagation has to flash thru' it to clean out the dead undergrowth. Otherwise, the little fella' will never, ever, have a 'decent go' again. The only way up is from the clean, cleared out basement.
    1
  66465. Here I am again, griping about the same general thing: curb appeal — regarding that 3.75 million dollar home. House is “done to the nines”, but were there any photos online of that DRIVEWAY?? Was it in the process of being re-done? A little hard to tell from what I could see.
    1
  66466. You rock!
    1
  66467. Thanks for the Sunday doom & gloom.
    1
  66468. They call it the "American Dream" because you have to sleep to believe in it. - George Carlin In the corporation known as America slaves can't own anything. Like always Michael my man great analysis.
    1
  66469. Congratulations!!!
    1
  66470. Guess I'll be calling the listing agent to see the house. ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯
    1
  66471. Thanks Michael
    1
  66472. "Here, we have another hot potato🥔 property."😂 Michael, thanks for a little humor to lighten my day...🤣
    1
  66473. Inflation + 10yr expected forward returns (in real terms) on most major asset classes are not great from current valuations. IMO the stock market run from 2009-2022 was largely the boomers last ditch attempt to save for retirement. The avg boomer retires in….2022! Now they all start drawing down on their accounts. So many boomers in US/EU/east Asia all piling into bonds with their 60/40 also helped give us such low interest rates for a decade. Global phenomena.
    1
  66474. Globalist buying up everything..hiding their wealth..plus mass asians and hedge funds to charge high rent on them broke Americans ..you'll own nothing and be happy paying high rent
    1
  66475. 11:24 geez you can't even buy a foreclosure?!!! I thought this was one of your shadow inventory Michael?
    1
  66476. FIRST!!!!!
    1
  66477. These guys can walk and chew gum @ same time . Great Stuff fellas ...
    1
  66478. Thank you Michael for the info 👍😊
    1
  66479. What is this going to do with refi’s? Wondering the new angle on this trick.
    1
  66480. The scariest Halloween decoration one can put in front of their house these days is .. signs of their SELLING PRICE and CURRENT INTEREST RATES 👻👻👻👻👻😯😯😯📈📈💸💸💸💸
    1
  66481. i see you walking out your house so many days...we call you the walking man
    1
  66482. if everything was broke in the house, wouldn’t that open up to the disclosure statement
    1
  66483.  @MichaelBordenaro  Yes! Guy I know thought he knew better. Bought a house with no inspection. When the septic tank company came out to empty it, they couldn't because it wasn't up to code or was too old or something. Needed a new one. So much for saving $150 on an inspection. 😂😂😂
    1
  66484. What do you mean people pay 14k per year for rates? Is that interest rates they pay?
    1
  66485. I have the bell to receive all notifications but don't get any
    1
  66486. Not sure about Miami. But I know in NYC people rented apartments they normally wouldn't have been able to afford. Because of the pandemic rental price drops. Now the rent prices are returning to normal and those that can afford it stay. No end in site.
    1
  66487. Correct, the trick is the language. You can call a cat a dog, it is still a cat. Even the playing field. Do you folks who want to "leave government out of everything" want them to stop the fat cats from owning our republic with dark money PACS? Freedom is slavery, you really think we have a capitalist system?
    1
  66488. Still haven’t figured this out yet? We are intentionally being destroyed. Americans are sleeping through a war we are losing because they don’t see guns and bombs. We see political battles between actors that truly control nothing but distraction…
    1
  66489. Very good information love your videos
    1
  66490. There will be tons of foreclosures. Tons of Evictions. Lots of vacant houses. Way less Airbb. High interest rates. The market will be completely different than it is now one your from now.
    1
  66491. Owners of a home in Las Vegas, NV have a capped annual property tax increase rate on a residential property at 3%.
    1
  66492. People have to realize that Florida is changing. The days of small cheap little retirement homes, living in rv’s or house trailers are going away. People now are building large expensive homes. My neighbor said she can’t believe she paid $50,000 for her condo but $75,000 for her car.
    1
  66493. Post office pensions are adjusted for inflation yearly.
    1
  66494. Did she fall at her home? Has she looked into PI if she fell outside of her home?
    1
  66495. I am so glad that I have invested in gold 😂
    1
  66496. Great content guys
    1
  66497. Aldi works.
    1
  66498. America in oxygen support / we're NOT in a recession _ we're in life support 😮
    1
  66499. I sold my house in 2021. My realtor brought a total of ZERO people to look at the home. EVERYONE came with a realtor from a different company. When i asked each person where they saw the listing, all said they saw it on zillow and asked their agent to see the house. If the market is strong, you definitely dont need a realtor. Next time i will list it myself and just use a lawyer, and I'll keep the $18k+ commission. FYI, my house sold despite my realtor taking the worst pictures, writing the most basic description, and getting information wrong about my house. I complained about the pictures and the incorrect information, and most of the problems were never corrected. One prospective buyer had done their homework and asked me "i thought this house had oil hot water baseboard heat?" I had to tell him no, it actually has gas hot air heat.
    1
  66500. What a horrible story about the house in St Pete! It sounds like the buyers made just about every mistake possible & definitely didn't do their due diligence. The insurance situation in FL is really getting concerning. We want to move to SW FL in the next year or so, I'm hoping there will be some insurance companies still in business! 😱
    1
  66501. LOL. After seeing the prices on some of those decades old, small dumps... err, houses you walk by, it appears that the owners could cash out, leave the Florida heat and humidity, move to beautiful San Diego, and get a really nice 3,500 sf house for a million bucks less. Who'd thunk it?
    1
  66502. Hey Michael, those property taxes seem high for sure in Miami, since your taxes are based on mils, how many mils are assessed your area, and the homestead options will exempt so many mils
    1
  66503. The taxes and insurance as well as possible HOA reserve assessments are sure to keep me away from FL. Personally I am not in favor of starving buyer agents. I hate to say it, but this calls for some kind of a regulatory formula based on factors you likely know but do not. Buyers paying their own agent is pure fantasy. Flat fees are earned up front - at least that is how it works for us dirtbag lawyers. 'Excessive resort to legalism is the beginning of the end of all great societies."
    1
  66504. Howdy Michael: More great info for all of us. 40 years???? Crazy!!! So glad I paid off my 30 years mortgage in less than 8 years.
    1
  66505. Mike if you ever have kids your opinions on these things will change. You really should, there is more to life than living for yourself. You'd be a good Dad!
    1
  66506. High interest rates, high house prices, and because of these reasons, I'm out.
    1
  66507. Great job Michael, just found your channel and love it and your mindset! I’ve been watching your previous videos 👍
    1
  66508. I looked it up and the average amount of kilowatt hours needed to charge an ev is between 40-70 so u wouldnt have to do 150 hardly ever, still interesting regardless
    1
  66509. 🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🎸🎸🎸🎸
    1
  66510. The thing that most people don't realize is Obama created this problem with the student debt by eliminating the Federal Loan Guarantee for private lenders to give low interest loans. Obama had the government giving out the loans instead, and then this created a massive increase in the student debt, and the colleges started to increase the tuition. He also expanded the "Pay as you Earn" program making it easier to not pay back the money. And now Biden is also going to expand it even more so there will be even more in default. This money give away that Biden did is a slap to the face of all taxpayers and people who paid their debt or decided to not go to college,
    1
  66511. People with 401k's are being raped with management fees in many cases not to mention inflation. They will get nowhere trying to save.
    1
  66512. That guy that wants to buy an investment property in Memphis is a fool. Memphis is run by liberal socialist criminal sympathizers who favor bad tenants over landlords. Crime is out of control in that city and it's on the decline. I'm not buying anything right now because everything is too expensive and doesn't make sense at these interest rates and asking prices.
    1
  66513. Great 👍 videos good work 😊keep it up 🎉
    1
  66514. Miami is officially unaffordable if you haven't bought a home 3 years ago
    1
  66515. California McDonald’s have to pay people more so the landlords can get their extra money. Landlords got a pay raise before minimum wages went up. California doesn’t have much rent control as people think they do and that’s why rents went up so much. I don’t think minimum wage would have increased the way it did if people’s rent didn’t increase so much in a short period of time. People are going to keep fighting for increased minimum wage and rent control now.
    1
  66516. Yeah-_ they are not stupid. This is all by design. The people are clueless and think voting will change things. We’ll see— maybe trump will help, but someone has to dissolve the Fed reserve— not an easy task given the criminals on both the left and the right. We may be too far gone.
    1
  66517. I think like with any industry changing lawsuit, the real estate industry will just adapt and evolve if it stands. Some of the buyer broker business model ideas mentioned in this video might very well be part of the next version of the industry. Definitely don't want the courts to lay out a new business model as the legalese alone would destroy the capitalist incentive. Time will tell.
    1
  66518. Great video!
    1
  66519. I'm in Florida now but moving to St. Lucia
    1
  66520. Love your informative videos. Can you do a video on the SE Florida condo market. Is it as strong at the SFH market there? Appreciate all you do!
    1
  66521. Yes, thank you and thank you Michael...your one of the few that tell the truth...Sachs realty are truth tellers as well....your one of the few I listen to anymore...the immerikans have been sitting fat and bloated for years...party's over folks....time to pay the piper....and, the laughable part (if, you can laugh anymore) is that this was completely avoidable...its called apathy, laziness and greed....now you cannot undo what is coming and yes, it was caused by the illiterate gov't "workers" (they don't) ...I would say its time to get off your butts but I think that's not even possible...so, down we go....following all the other stupid's in history...yes, history repeats itself and no, people do not learn...
    1
  66522. The usual suspect strikes again 😂😂😂😂 I am surprised they locked him up he will get out after 6 months max
    1
  66523. Congratulations on 5 years!🎉 Great progress!!
    1
  66524. one of the big questions with all this is how much pain the fed is willing to induce? i hope a lot because interest rates never should have been that low and especially for that long. they should always be between 1-3% but markets are already predicting an interest rate pivot as early as 1st quarter of next year! but with our national debt being so high theres no way they could pull a paul volker even if they wanted to. what a dumpster fire
    1
  66525. Gas is 3.15 a gallon in PHX so it's not all bad
    1
  66526. My first video. Subscribed! Loved all the nuggets of gold you are spilling!! ❤❤
    1
  66527. Wow! I was unaware about the property tax situation. Thank you Michael!
    1
  66528. We all pay for wars none of us want. We are paying for one right now that we are not even fighting.
    1
  66529. You can say the same thing about real estate . Returns might stay flat or even negative
    1
  66530. Sounds like a Ryan Home 😂
    1
  66531. Our government will curb inflation not by raising interest rates so there’s less money chasing goods. Unemployment is the plan and a government handout will fix it all.
    1
  66532. Buy a 2024 Chevy Trax , $26,500. A fantastic car. Look them up. They are selling like hotcakes. I financed mine for 6.5%, six years, $421 a month. 😉
    1
  66533. "Common sense isn't so common". Voltaire
    1
  66534. Martin Shkreli but with housing
    1
  66535. I think "buy now pay later" is a trap. I also think that leasing a car is getting a fleecing.
    1
  66536. I hope that you don’t mind… I watch your videos for the scenery. It’s interesting the driveways to nowhere. I prefer the circular driveway configuration. Every driveway has a different texture. Most are of beautiful material design. Our housing market in Maine has not dropped price wise at all. They keep coming on higher in fact. It is a bit stagnant but eventually houses go u/c. Background: the average house in our county sold for 240k in 2019, now 440k. Nothing lists under 325k unless it is total junk. So… all of these YouTube channels touting that the market is changing: you guys will be able to ride this wave a very long time. Snails pace if at all. Meanwhile I enjoy the scenery.
    1
  66537. Just keep giving the facts and dropping gems. Be blessed my brother. 👍
    1
  66538. Mexico we can live for 1000.month with rent bills food 🥑..
    1
  66539. This made me happy! 🎉❤😂
    1
  66540. O.k., so it's a recession. Now what? Does that change anything? I was out shopping yesterday in the suburbs of Chicago and I saw several (at least 5) "now hiring" signs at many franchise and local businesses. Call it what you want, I won't be too concerned until I start seeing the national unemployment rate increase by a sizeable amount.
    1
  66541. It's called American GREED ... the US is on a pawthway to collapse Th rich get richer, the poor get poorer
    1
  66542. Mike, After IAN... What do you think about the SWF (Ft. Myers/Cape Coral) Rental market for the next 1-2 years? Specifically... the Waterfront rental properties that are well intact from the damage of hurricane IAN?
    1
  66543. Thank you for your videos!
    1
  66544. BRIAN, those are the cartel's accounts, thats why youll be closing your own account.
    1
  66545. I'm more surprised people aren't FREELY living in box trucks. Future magazines had people living in class B motorhomes with wifi and all these engineered spaces. Life is so much better without paying rent.
    1
  66546. House FOMO....I gotta buy a house...I gotta buy a house.... or else I never will be able to.......🤣
    1
  66547. What is your favorite city in CA to visit?
    1
  66548. Ya I'm in northern alberta Canada oil patch.its dead slow.but if u can't make a go of er in north American u not go n make a go of er anywhere.
    1
  66549. If you ever come here to Westwood lakes, you can walk with the tallest quacker in Miami!
    1
  66550. They do the same with the sidewalks in Denver
    1
  66551. The decrease of dollars in the market will slow down price growth. Price growth 📈
    1
  66552. With Obamacare it was $10k deductible and people thought this was good.
    1
  66553. Is it time we can begin offering $25+k less ? Can you take us thru some $200-$300K neighbohoods ?
    1
  66554. Really enjoying your u tube! I am with ya on your prediction!
    1
  66555. No....in regard to that Indianapolis apartment, the landlord depends on the tenants to pay their rent monthly so he can have the money to pay the water bill...... landlords operate on a very small margin of profit, so when shtf, they're screwed... their ability to maintain the mortgage and other bills depends on the tenants paying their rent.... I don't hold the landlord accountable for the water shut off.....and I don't blame them.... my Sicilian mother has had some very bad tenants before with one of apartments in Oakland......they had no money to pay rent, but yet they drove Mercedes and Escalade while my mom cruised around in her 1995 Toyota Landcruiser..... eventually, she got every tenant evicted, including the good ones...she sold the apartment "as is" to a Chinese property investment firm..... it's hard to get bad tenants to vacate a property in the San Francisco area....
    1
  66556.  @MichaelBordenaro  the landlord probably has other good intention..... he probably wanted the tenants out so he could sell the apartment to corporate investors.... I've seen how hard it is to get the tenants out when the landlords want to sell their properties in San Francisco and the whole Bay Area.... landlords operate on very small profit, so when the tenants don't pay, they're in deep financial problems.... now the corporate landlord of that Indianapolis apartment probably under deep water already when the tenants decided not to pay rent.... we have to know the details in order to judge....nevertheless, I still think tenants need to be responsible on their end of the contract..... too many freeloaders nowadays ....
    1
  66557. So if you have the cash can't you pay off the mortgage right after the place is purchased? Probably not.
    1
  66558. Do a vid on the homes you have and if you sold them or are you waiting for the price to keep dropping 😂
    1
  66559. The $500,000 income exclusion for married homeowners is one factor that has driven house prices sky high. Doubling the exclusion is beyond stupid, but the politicians of both parties always look for ways to benefit their wealthy constituents. A more sensible approach is eliminating the $500,000 exclusion after 2023, which will give homeowners with a lot of equity an incentive to sell their house in 2023. FYI, the tax credit for first-time homebuyers was plagued by fraud. In addition, home sellers and their agents captured all or most of that tax credit by raising asking prices.
    1
  66560. I wish I knew a old timer down there sitting outside his house when Mike walks by and yell, Hey quit walking around and talking to yourself get a job!🤣
    1
  66561. I just wanted to say THANK you.🌻😊
    1
  66562. This is one of the best channels on YouTube, fuck whatever people talking about
    1
  66563. Jerome Powell : Holy sh it!! I didn't know printing $ like Zimbabwe will turn my country into another Zimbabwe!! 😂
    1
  66564. I am suddenly seeing homes flood the market, mansions in particular. I am not seeing them bought. Zillow IS delusional!
    1
  66565. they are low level jobs that were added....something a little better to look at are average hours worked which decreased
    1
  66566. Yes it happened to me
    1
  66567. For the algorithm.
    1
  66568. Electric cars have not been properly thought out. I guess no one is aware of the parking garage that caved due to the weight of EV's. The roads and places like parking garages haven't been engineered for the weight. Those cars are on average twice as much weight. Do I need to explain how poisonous the cobalt mines are too? People like to get on these "going green" rants which are so beyond ignorant. The fact is you are charging it with what you claim you are against is hilarious and paying on average about $17/gallon when you do the math. Just look up the cobalt mines in Africa and see the Chernobyl level of birth defects. It's pretty horrific. Lastly, go to other states and find out what cold weather is like. EV's would be stupid and worthless for a good portion of the year where I live. Batteries do not like cold. I've had a battery charger in my garage for years now for when that happens. People need to come back to reality. January 13th it was -27°F= -32.77778°C where I live.
    1
  66569. Then there is no need to list it, they will sell it today/
    1
  66570. Aren't there a lot of new people immigrating from Africa and South America? Don't they head for the sunnier states? surely they're procreating? Also don't believe CNN! The Democrats currently are Communists. Things were getting solved with Trump but he didn't get enough time. The Democrats will be behind this 'new' party because they have got a bad name. thank you. 😊
    1
  66571. Congrats on being big enough for a sponsor. The VPN advantage is more about the ISP not being able to spy on you than anything else. The ISPs all watch everything that everyone does now. Ever since Napster, internet service providers are effectively nothing more than spy agencies who occasionally can stream Netflix competently as a side effect. Sad but true.
    1
  66572. The coolest videos!! Why??? Because it’s awesome to see that “Chicago like” common sense come out walking in Florida…. 00:01:28
    1
  66573. Nothing will save us. The culprits are fully committed to wide spread theft. And as long as they get away with it is as long as they’ll do it. And the reason?? As a people, as Citizens , we are simply blind to it. It looks normal. And for decades we have been trained to think it is normal. Wake up
    1
  66574. Graduated high school in 89'. Could have gone to college and had it paid for. Became a handyman after learning a skill working for others. Bought a house as friends graduated with loans or with degrees they didn't use. Bought fixer uppers with sweat equity. I figured this game outlong ago. Buy GOLD/SILVER.
    1
  66575. I vote yes for changeups in the video venues. I know its a long shot but if you could consider one stroll down memory lane with some famous Collins Ave Miami landmarks such as the Fountainbleau Hotel. (Was going to mention the Deauville too, but just read that its now being demolished). The old Jackie Gleason Theater is another. Thanks.
    1
  66576. I am a semi pro guitar player and been playing guitar since 1977 after seeing Led Zeppelin at Madison Square Garden and buying a guitar the next day. So you have a serious axeman about to watch you play.
    1
  66577. 😂
    1
  66578. Are you still renting in Miami Beach? A while ago you had some interest in buying something in St. Augustine. Is that off the table now?
    1
  66579. Flipper bought it in 2021 did nothing to it and then wants 300k on top of what they bought it for
    1
  66580. I haven’t had a credit card for 20 plus years. .. cash baby..
    1
  66581. Happy Birthday to the wife. Great video, as always
    1
  66582. Michael, what's going on with the Cricket Club in Miami 😮 a third of the place is F.S. this could be worse than the 1970 condo crash last time in all of S.Fla
    1
  66583.  @MichaelBordenaro  unfortunately I’m not so sure it was a deal because aren’t appraisal prices inflated prices? 😆 hey, it is what it is, I messed up. Thanks for the reply... love learning and listening to people’s perspectives
    1
  66584. Love the Combination of both of you on your Channel. Thank YOU 🙏 Blessings,Sir Carlos ✝️🙏❤️😊❗️
    1
  66585. In riverside California I saw 5 mobil homes being moved last week.5 years ago seeing one moved in a year was a big deal because it was rare..
    1
  66586. A real estate agent " suggested" I get a reverse mortgage when I buy the Condos I was considering. I said NO. I could live longer than 20 more years. I will be 84 in 20 years.
    1
  66587. Im getting me a triple wide
    1
  66588. Do hell with zillow and redfin
    1
  66589. To that add the complexity that not all nefarious activities is flat out traditional "theft". A lot of the "misappropriation" ends up being contracts awarded to people who you have conflicts of interest with (the janitor for the condo is uncle Fred, the plummer is your niece Emma and the landscaper is your brother in law George). And because they are family, you tend to look the other way if the rates they are charging are a bit steep or if the work they are providing is below average. Even in the absence of flat out theft, the funds of condo whither away if most of the maintenance/upkeep is being performed in a sloppy manner or at ridiculous rates.
    1
  66590. Well this looks like a nice house how much would be the tax per year on this one
    1
  66591. Doing OK. No extra spending --- saving for my down payment on the new home i am seeing in the next 2 yrs.
    1
  66592. Even if you buy land unless it has utilities you can spend another $30k on that.
    1
  66593. Anyone know the name of the tall tree in the background at 3:43 ?
    1
  66594. People cant wrap their heads around the idea that its a ponzi scheme backed and promoted by those we are suppose to trust.
    1
  66595. That’s me, we’re delaying having children until my student loans and various other debt is paid off. I’m hoping to be debt free by next year, besides the mortgage. Wish me luck!
    1
  66596. @Liam Thompson - He said management was already doing things ahead of time. Sounds like he’s in a good building where they’re staying on top of things, being PROACTIVE.
    1
  66597. cheaper housing just starting in sydney . I believe we are a few months behind you
    1
  66598. Michael, I squat every day! ... on the toilet.
    1
  66599. Hi Michael, I too have YouTube premium cause I don't like my videos interrupted. 😂 Not sure what sponsors people are talking about, guess I missed something. You talk about buying gold and silver, what are you buying? Is it jewelry, or something else? Hope I don't sound ridiculous for asking, but I really don't understand. Are there gold bars for sale? 🤔🤔🤔
    1
  66600. The LACK of affordability (absurdly widespread) is the biggest reason why this so different and worse than 2008…
    1
  66601. This is only because of government spending and inventory surges. It’s effectively meaningless
    1
  66602. utilities are sky high too! in my park people are living w no heat or ac+even w no electricity. gawd... apt downtown vs mobile home? lol ill take the apt ....
    1
  66603. High, The boardwalk is across the road by the big Sea Shell 🐚. Welcome to my hometown 😁
    1
  66604. Thanks!
    1
  66605. MARINA DEL RAY!!! 😂🫶 So, I've been getting home quotes for ins. One company was charging $200 bucks just to add Ordinance of Law, another only $50. We're being ripped off if we're stupid. Don't be stupid.
    1
  66606. What a absolutely beautiful day you are in. It looks so beautiful there 🥰 I wish, of course, that I was there. Wonderful picturesque and serene. Kinda weird, if only a little, I watch your videos because somehow your walking and talking has a calming, reassuring effect on me. And for that, thank you!!🎄🎄✴️✴️✴️🌞🌞😄😄🐻🐻🐻
    1
  66607. I bought one brand new car in my life. I was 18. Never again. I’m 64 now. I would have a stroke with a $1500 car note. Cars, to me, need to be reliable forms of transportation, cold a/c, reasonably comfortable. Don’t need or want all the hi tech gadgets I will never use and or don’t know how to work to begin with. I don’t need or want to pay for a rear camera for backing up. I can turn my head and use my mirrors. Don’t need satellite tv. Heck I don’t watch tv at home anymore, it’s all commercials and garbage, so why in a car where it’s not safe to watch anyway? And flashing directional Side view mirrors? What $1500, $2000 a piece if one gets knocked off? No thanks. Every few years change the measurements on the nuts and bolts on sealed compartments so also every few years mechanics need to buy expensive specialized tools just to work on that model year? Scam.
    1
  66608. Chinese EV car sell for $25k-$30k per car and Tesla EV car sell for $55k-$80k per car there is no way Tesla can't compare lower price EV. This week Germany government meet with Chinese President they want chinese EV car sell in Germany country too.
    1
  66609. That WeWork guy is laughing his azz off on his yacht in St. Martin right now.
    1
  66610. I have never seen so many expensive cars sitting in front to so many multi-million dollar homes, and so much trash and just pure garbage on the streets and driveways.
    1
  66611. It would not surprise me if the insurance companies have gone woke and are going after Florida to erase the Governor’s amazing growth and success in Florida by jacking up the costs under the guise of “climate change” just a thought
    1
  66612. Michael I do not fit your narrative for why interest rates need to go up. I have no debt that I cannot pay in full every 30 days. So high interest rates would not affect me there. I don't keep money in the banking system because it is broken. High interest paying CD accounts do not thrill me nor do they attract me as I do not want to pay IRS taxes on my interest earned. How about I just buy gold and silver so I can sell it when I want. I will keep the profits and losses to my myself. Winning!!
    1
  66613. The property taxes are astronomical.
    1
  66614. California is a permanent JOKE with CORRUPTION running ramped, You won't be able to repay $20 million in losses Not going to happen, Because those Rents are already High to begin with.
    1
  66615. In CA a 2.3 million is in every corner basically.
    1
  66616. If u believe in the American Dream, you're dreamin.
    1
  66617. Left Cali in May this year because we were tired of the rat race...it is beautiful but not a fan of paying sunshine taxes. The mountains are beautuful when they arent burning down. I can go on...
    1
  66618. Fantastic video! Love both channel!
    1
  66619. Incredible and important vid, many people pay cash for deluxe condos believing they will be paid for exterior upkeep and improvements . Cash back every month. No no no that's not how it works.
    1
  66620. we are in the midst of a 500 yr western debt economy that is about to pop. the beast is starting to eat its own tail. fed debt system is done/collapsed. experiment failed. time for liberties and hard money
    1
  66621. Great info Michael. Wish I could go to the grocery store once a month. My gremlins raid the pantry.
    1
  66622. 10:04 Four excellent reasons. They’re all based on a faulty Fiat Currency System.
    1
  66623. I hope viewers make it to the end of this one, that is a really interesting point you make about housing supply. Most of what passes for affordable housing today was built post-WW2, when our government provided tremendous incentives both to housing builders and buyers. The unfortunate rules they chose sadly led the transition from walkable downtowns to car dependent suburban sprawl, but aside from that mistake, my parents generation could all afford a nice, single family home of their own, thanks to the US government.
    1
  66624. make a list of must have things in house you want
    1
  66625. I think 2 negative quarters of GDP is the best definition - of course you can never trust the Governments numbers bc they manipulate everything.
    1
  66626. 300 G for Rent per year ?? That ship had sailed..
    1
  66627. Actually Michael. I think you do a great job on everything you talk about. Because you are talking $$$, investing, housing etc. Hitting on everything. I’ve thrown your link out to all my friends here in FL. They all like you, alot and have also subscribed. I think you give great advice actually, are real and also just straight out. 👍 That’s what I want. The simple truth. Thanks. I like your channel and pretty much watch every new vid you put up. Good job!
    1
  66628. My only "investments" in the markets are nowadays are ultra short etfs; srty, tmv, kold, even drv which is a real estate ultra short etf as a hedge against any drop in my RE equity. Ive been doing reasonably well. 401Ks been in cash for almost 2 years. I own an apt here in MB and every day Im kicking it back and forth whether I want to sell it or hold it. The neighborhoods getting more crappy. Ppl just dont give a sh*t. Dog poo, homeless, trash, sewer smell, etc. Either Im getting old or this just isn't the same sexy MB it was years ago (maybe a bit of both). I was just watching your Best Places FL videos and Im not sure its any better anywhere else. Sure I can get cleaner but then its mostly dead. My girl and I thinking moving to china. Its beautiful (not like the show you here in the west) and its safe. And it's different. I think Im just getting tired of being bamboozled by those in control. Anyway, thanks for your content. I appreciate it!
    1
  66629. Happy Birthday Lisi 🎉 Enjoy 🙂
    1
  66630. I live 25 miles south of Atlanta. My home is valued at $506,000.00. I just got my annual property tax and insurance bills this week. Property taxes are $6,317.00 and homeowners insurance is $2,780.00.
    1
  66631. I bet a lot the buyers for the homes Michael was walking by are going to be foreign. They want to get money out of their country which may have a high tax rate or political seizure of assets and use the home asset as a way to buy a golden U.S. visa. If you invest money in the US and employ a certain number of people you jump right to the front of the line. They have similar programs in many other countries.
    1
  66632. 😁😁😁😁😁😁
    1
  66633. Mike...Don't try this at Home . I did 2 houses on my Word No Money Down. The contract 2 weeks later and Closing 2 weeks after that.🤑🤑🤑🤑
    1
  66634. Curious what these multi million $$ homes you show as you walk would have sold for just 5 years ago !!!!???
    1
  66635.  @MichaelBordenaro  It's SSDI: Social Security Disability Insurance. Different from old age insurance (the technical term for what we call SS).
    1
  66636. In AZ, was looking since Feb 22 and willing to wait longer but I stumbled on a bargain that was difficult to pass on. Purchased for 50k under the comps in a nice neighborhood with concessions and inspection came back clean. Chose to buy down the rate, closing in two weeks. I'm curious what the market will look like a year from now
    1
  66637. if you don'T get an inspection bfore buying, you are truly delusional.. ESPECIALLY IN THE WORLD WE ARE LIVNG NOW!
    1
  66638. Thanks you Michael .. tell me a BIG lie = TRUE ,, all INCREASE by Inflation kill all Pension/ Saving $$ / 401K/IRA ... i wonder how people are buy million $ -House .... i think that $$$ is not from WORKING hard = must be from !!!! bad-evil-business???
    1
  66639. Nah man. Best video yet. The beach is super dope at sunset. Great to see your eyes. And the content of this vid is the best yet. It’s nice to know I’m not crazy, despite what the mainstream garbage forces us to believe. Thank you for the excellent content. And the Nick episode was dope too. People don’t want to believe. They are afraid. They are fat. They are comfortable. The are in debt. WINTER IS COMING. Always looking forward to the next show. E
    1
  66640. An EV may be workable for local commutes. I would never go on a road trip. What if you pull in to Pretty Prairie, Kansas, to recharge and there are two EVs ahead of you in line?
    1
  66641. I'm searching for 1999.
    1
  66642. If the fed continued to raise interest rates it could fall 90%, just as it would have in 2008 had they not did a helicopter drop. However, it's not going to fall that much in terms of dollars because as soon as the economy goes into a capitulation, the fed is going to panic and do a helicopter drop, even though inflation is still sky high. Now in terms of gold & silver, that's a different story. Prices will fall through the floor.
    1
  66643. Missouri 3 years behind on your property it's going on the courthouse steps.
    1
  66644. Federal banks with foot on the brake while governments are hitting the accelarator. Definintely not in economic synch.
    1
  66645. I said this on one of your videos about six months ago. When these new homeowners. Get those newly high inflated property taxes and insurance bills. These FOMO buyers won't be able to pay them and. This will be one of triggers for the tsunami foreclosure wave. Now in the corporation known as America slaves can't own anything.
    1
  66646. I have been harassed for decades because I hate the Fed. I have called the IMF the international mafia fund but even they make more sense than the US govt. There are two main reasons I watch and comment on this channel. 1 we live in the same county, 2. We both shine a light on the fed. Inflation has been understated for decades, but sooner or later reality will bite.
    1
  66647.  @MichaelBordenaro  Same here, keep on giving your daily dose of reality!
    1
  66648. I think just buy house not expensive and fix little by little save money for loans, closing, and tax……
    1
  66649. The real test to giving people "cash" to buy a house is not doing them a favor. Nor the taxpayer. State or Federal housing scams never work. 2008 Obama giving homes to his ho's & bro's totally collapsed. Sad. Had to send lackies from the Treasury Dept to buy back all this delinquent bundled loans he dumped on Europe. Very works.
    1
  66650.  @MichaelBordenaro  exactly so I see a competitive disadvantage for someone to live in a high cost of living state if their job can be done remotely, especially if it already is and being done well remotely now. Remote work could bring some outsourcing challenges as well which is never really mentioned either.
    1
  66651. Those business owners in Sedona need to house their essential workers, and not expect other people to cut their incomes. There's a big, empty desert where they can build some low income housing or they can pay their workers a decent wage.
    1
  66652. Actually great lighting in the ambiance at 19:45 of this video
    1
  66653. How the Hell can an average Person afford a million dollar Bungalow !!! Michigan her my 14 room house wouldn't sell for over 150 grand. A million !!! Crazy
    1
  66654. I have seen so many homes being listed VERY below what I know they could sell for. It’s a very sneaky tactic realtors are doing now to keep the bidding wars going.
    1
  66655. In California we’re being choked out. Our government is not representing the people now. That’s combined with the myopic view of the average American thinking it’ll all blow over. Worldwide depression folks. That’s reality
    1
  66656. Idk. Maybe both parties arguing is just smoke and mirrors. Maybe one party wants to take it to the edge as a way to try and kick start this recession. Completely tank the economy before 2024 aka election year. 🤷 Just 10 days away... I still don't see it happening. But...I've also thrown logic out the window 7 yrs ago.
    1
  66657. Your video make so much sense better that half of all people will hate you.
    1
  66658. Michael, are you watching the sidewalk hazardous traps/potholes? I worry you tripping again 🙄
    1
  66659. Yep not buying 💩
    1
  66660. While correct in stating that interest rates are at or near the historical average, home prices are seriously inflated. Back in the 80's and 90's interest rates were 8-10% and the national average for the price of a home was $135K. In 1989, you could buy a new home in Phoenix, AZ for $65K. Back then a person making $28K per year could afford to buy a new house. Today, the average home price is $430K and you need to make at least $140K to afford the average home. Do the math, the average salary in America is currently $59,428.00, so over a period of approximately 35 years (1989-2024) salaries have doubled, but homes prices have tripled and in some case quadrupled or more.
    1
  66661. BRIAN'S A LIAR !!
    1
  66662. 0:47 - Just my luck 🤦🏻‍♀️
    1
  66663. I've been getting txts from multiple buyers (flippers), asking if I'm willing to sell my house. They are desperate for some reason.
    1
  66664. Oooops I replayed and got the State Farm info Thanks
    1
  66665. Prices just need to fall
    1
  66666. My 2.8% mortgage is way lower than current rent. Selling or forfeiting my house is not an option.
    1
  66667. Keep reporting facts.
    1
  66668. My wife has a beautiful 1951 Wedgewood gas stove. It isn't going any where.
    1
  66669. Agree Michael, plus remote work doesn’t necessarily mean a save on the environment. Living more rurally involves longer commutes to grocery store, doctors, dentist, etc. Plus shopping online may be a necessity for items not available in your area… this involves lots of carbon. Your employer offers health insurance so you can address your mental health (?).
    1
  66670. 👍😎👍
    1
  66671.  @MichaelBordenaro  we should try the actual free market. Free from gov artificially inflating anything. It never ends well hence why we've been living bubble to bubble. The federal reserve was designed to prevent things like this yet here we are drowning in cheap money due to good intentions and bad consequences. We're fckd either way
    1
  66672. if there is a statue of limitation one a loan then why will one pay back any loans
    1
  66673. i'm moving to europe, see ya :text-green-game-over:
    1
  66674. I LOVE the pink sidewalks. So "Florida".
    1
  66675. Why don't you use a drone for some aerial views? You always walk anyway.
    1
  66676. I think it's better to rent cheap. And have investment properties. That gives the most flexibility in a dynamic economy.
    1
  66677. What a What a striking fence that neighborhood enjoys. I assume it is coral rock and not simulated concrete. Either way, it must take a great deal of care to maintain and repair.
    1
  66678. 1 mil plus for a schack, people have truly lost their minds. Covid must have impacted common sense.
    1
  66679. Hi Michael ! Do you know about real page law suit ? 🤔
    1
  66680. Stay outsider Michael, much better!!
    1
  66681. Sounds like fueling more fire 🔥 when fire is too high already.
    1
  66682. Nothing but the Truth ! Thank You Always !
    1
  66683. It was long but good , thanks guys.! People need to remember investors also borrow money and with the rates they will stop.
    1
  66684. Raising interest rates to combat inflation, while printing trillions of dollars, is like taking a drug to combat the effects of another drug.
    1
  66685. Congrats on your 100k!
    1
  66686. Michael technically they cannot foreclose on a second mortgage. They are all hurting and are looking for money.
    1
  66687. Im paying my debt off. Quit making other companies rich.
    1
  66688. Is it better to buy a high priced home at a low interest rate, or a low priced home at a high interest rate?
    1
  66689. According to Biden, everything is fine with the economy.
    1
  66690.  @MichaelBordenaro gotcha, thank you Michael. That makes sense.
    1
  66691. Hey Michael, As someone who lived in a forest for a while, brick, block, and concrete don't fare much better than wood. A forest fire can get so hot that it will vaporize moisture in the concrete and mortar and things just fall apart. Imagine the house being in a pottery kiln. The best defense is the keep the property free of brush and plant debris; and mitigate any places for hot embers to enter the structure. I really enjoy the videos, keep up the great work!
    1
  66692. Do a piece on Ghost Jobs/Phantom Jobs.
    1
  66693. Thank you so much Michael. I have been enjoying your videos over the years.
    1
  66694. Work part time at fedex. Our hours down from 5 hours a night to 3 hours a night
    1
  66695. Big government creates more problems than it solves.
    1
  66696. You couldn’t pay me to live in CA. I’m begging my daughter to move out of San Diego and move closer to me. 🤞🤞🤞 And you think CA weather is so great but when you get to my age the dry weather in CA makes my wrinkles have wrinkles. I found the humidity has its benefits.
    1
  66697. I’m sure many millions of baby boomers like myself are well secured financially. I have never touched a dime of my “ money” since retirement at 58.5 years. I receive monthly Income from income property pension Interest on my savings RMDs since 70.5 yo.
    1
  66698. its just amazing to see both of you guys at the same time 🙌🙌🙌🙌🙌🙌🙌🙌💯💯💯💯💯💯
    1
  66699. So i prices dropped about 20 or 30% but interests stay around 5% is it a good time to buy?
    1
  66700. I'll give them 500k if that. Lol 😆
    1
  66701. Rent vs Buy … Great Analysis. Another great contributor to available homes for sale are those who must sell and enter assisted care.Time keeps on ticking for all of us
    1
  66702. Variety is the spice! ❤🧡💛💚💙💜🖤💥
    1
  66703. Plus when R.E. taxation increases catch up, homeowners payments will cause foreclosures, forced sales, etc. Layoffs will exacerbate it as well.
    1
  66704. I dont want to work anymore either.
    1
  66705. Need to stay away for at least a year... its going to take a while to bottom out again
    1
  66706. FED has no choice but to crash housing market prices to save long term economic growth.
    1
  66707. I LOVE my condo!! STOP IT!! my dues every month is ONLY $1699 a month so... yeah... love my condo!!ALWAYS!
    1
  66708. Is everybody in that mall latino? Jeezus LOL
    1
  66709. I am in good shape so far, but worry about the govt wanting to take control of everyones bank acct money, inflation making money worthless, etc. 6 houses sold in my old Florida neighborhood for 275k, 450k, 675k, 780k, 990k and 1,875,000 list price. During 2023. I thought that after Ian prices would go down due to so much damage in the flood zone. It seems crazy to me. They must have money to burn. My house brought $422k before the storm. A house like mine 2 houses down pretty much destroyed brought $450k listed price. Is that nuts or what? It isn't sitting on any sort of high ground either. Here in my Illinois hometown of about 1200 pop. houses are selling fast when one comes available. One even brought more than asking price. Utubers keep talking about prices of everything collapsing but I don't see it happening yet.
    1
  66710. As teachers when we retire, they take part of our Social Security as an offset. If we get a pension, even if we paid into the social security system for most of our lives, they take $512 per month as a penalty. That's over $6,000 per year. I came from a family of educators, but I would not recommend that the next generation teach.
    1
  66711. I feel really bad for condo owners. My house is old but at least no one is looming over me with these terrible assessments.
    1
  66712. Boss
    1
  66713. Pay off your house and you wont be required to have homeowners insurance... Prices will continue to skyrocket the next few years. The reason being the purchasing power of the dollar is rapidly decreasing. If the US keeps printing $$$ and the BRICS nations stop using the dollar, expect no relief any time soon...
    1
  66714. Love how you make this complicated economy simple! Enjoy your.presentation! Jon
    1
  66715. Funny...my company in SWFlorida...is hiring 4+ employees.
    1
  66716. Congratulations Michael. You are the first youtuber that I've heard use the D word. I've been preparing for a depression for two years now, sounding like a crazy person. I don't know what it will be like, but it will be worse than the GFC for sure and will likely be accompanied by food shortages and civil unrest. The Fed MAY have other 'tools' in their arsenal, but it will just be kicking the can down the road a little longer. One side note: After the GFC, they implemented QE for the first time. They had QE1, 2, 3, & 4 combined with the lowest unemployment on record, but they still had no inflation. My point is the covid money printing alone did not cause prices to rise. The shutdown broke the supply chains and caused irreparable damage, so it was a combination of the money printing and the supply shortages finally causing prices to rise IMO. QE did result in asset prices to rise like homes and stocks because that is where the majority of printed money flows.
    1
  66717. Hi Michael, Will the Feds attempts at preventing a Recession cause a Depression or something similar in severity and scope?
    1
  66718. Hey Michael!😊 👋👋
    1
  66719. No flying right now, too stressful (passenger outrage) and costly. Not worth it. Hunkering down for 4 more years, saving. Focusing.
    1
  66720. And mortgage companies are firing employees by the hundreds. As you say, the upper 5% or so have done extremely well. The other 95%, not so good, esp with food, gas, etc soaring in price. Nice video. Thank you.
    1
  66721. It’s crazy how much housing is in Florida, just Wow..
    1
  66722. Coral Gables 🌴🇺🇸 DILLUSIONAL 👎 More fake news.
    1
  66723. An EDUCATION gives you the OPPORTUNITY to COMPETE in a particular field. Still up to the INDIVIDUAL to put in the hard work along with their EDUCATION to make it in their field. Not all will for various reasons. Just like not all will in jobs without education requirements.
    1
  66724. So many good points! Thanks, Michael.
    1
  66725. mortgage lenders only get paid after the deal CLOSES
    1
  66726. I couldn't live in Fl for the high water bills alone. I pay $26 per month here in Mi.
    1
  66727. It's a trickle-down effect due to out-of-control inflation. Everything has started since 2021-22. Even though I make a decent income it still squeezes my budget and I have to cut some needs every month. That's the case for most of us I guess.
    1
  66728. All of the REFIs I have seen come across my desk are for PMI removal. These are higher end homes for my area $800k-$1.3m. People are going from 5.5 APR to 7.5APR yet even with high rates it is still dropping the PMI and saving them on average $400 a month from what I have seen.
    1
  66729. The guy make 250k in 2021 in loan depot and is broke now? I could make that last 2-3 years. This why is always good to be conservative if you got lucky one year
    1
  66730. The value of money is crashing. When money crashes everything crashes. Inflation is through the roof. That is money crashing. The Fed and the government are in a corner. They cannot rescue the money, the value of money. Money crashes and so does everything attached to it. Real assets, gold, continues to go up. No real economy without real money.
    1
  66731. Happy belated birthday Michael, sorry I missed it Sunday
    1
  66732. Gas is $4.89 for unleaded at AmPm or $5.22 at Chevron in California. Minimum wage for healthcare workers and fast food workers in California will be at $21 starting January 1st.
    1
  66733. Let the rates come down and watch the inflation reach new time highs. We have no property left to buy and Cost of everything will outpace wages. Congrats america. The fed should pivot so this circus collapses sooner than later. Pivot let the government write more stimmy checks until a loaf of bread is 800 dollars and gas is a hundred a gallon. 👍
    1
  66734. People that take helock loans to pay off other debts are stupid. They are exchanging UNSECURED DEBT for SECURED DEBT. In case of a BK they will lose their home. But YOU CAN'T FIX STUPID!!
    1
  66735. I saw Stansberry Research today. The guest on the show said we were in a bull market. So many things going on today so many opinions. I wonder who is right. Everything is a weapon, or a business or both. Nobody knows what’s going to happen.
    1
  66736. I lived there a long time ago! I went to spring break and stayed 2 and one half years! ❤
    1
  66737. Property taxes are absolutely disgusting
    1
  66738. Close door , you are right 1 dollar chair
    1
  66739. Name some corporations or private equity groups that are not greedy, especially folks at top. Major reason for inflation too.
    1
  66740. Hey shades! I luv your channel because you dont sugar-coat it. Don't listen to those entitled snowflakes😂
    1
  66741. Great insights!
    1
  66742. Please watch minority mind set if you want to talk about stock market .
    1
  66743. Haha see you at YouTube anonymous
    1
  66744. its accounting 101. Bankruptcy anyone?
    1
  66745. Loved how he just crow barred the advertisement in there.
    1
  66746. It was not really a lie as much as a simplified model. Reality is more complex, and we're in a market economy. Way back then I decided to study about computers, many people I knew preferred to take easier studies. Turns out there was more need for computer geeks than English Majors... Oh well.
    1
  66747. Great video.
    1
  66748. Hey, Michael, don't you live in a condo!
    1
  66749. Howdy howdy
    1
  66750. Thanks for all of your information ❤️.
    1
  66751. GOOD GDP is good for the economy 😂😂😂😂😂
    1
  66752. I would never buy anywhere that had an HOA!
    1
  66753. Yes, incredibly hard to find a good plumber & handyman. The good ones have long wait lists.
    1
  66754. It's funny, the way they trick the average person is they say "Don't worry, inflation is going to come down." The problem is prices don't actually come down until DEFlation happens. No one is ever taught the difference, so they assume all this "inflation is transitory" nonsense means their standard of living problem is only temporary.
    1
  66755. He’s not wrong. We used our home warranty to replace our water heater. It took 30 days. 30 days! Their installer went on vacation and we had to wait until he got back. What’s worse is they sent a different installer so we were like, where’s the original guy who you said was on vacation. They were like 🤷🏽‍♀️
    1
  66756. I've been watching your videos for awhile now. And been looking at house for almost a year. Patiently waiting. Nashville is starting to come down, but being a first time home buyer, I need it to come down a whole lot more.. please keep making videos. I learn so much, and waiting for you to say, now is the time to buy! 😆 patiently waiting. Would like to know what you think about the Nashville TN area, and what you thinks going to happen here. Thank you for everything you do Michael!
    1
  66757. 100%
    1
  66758. This is such an unrealistic picture of any real estate in the country. Florida is an international destination. Locals are not funding the majority of these homes. Money is no object for the wealthy of the world so don't compare yourself to them
    1
  66759. Don't do it , it's a catch !!!!!!!
    1
  66760. Power of Sale is somewhat different than foreclosure. However, the mortgage, even if it has a short term, can be called at the end of the term. Power of Sale requires the lender to sell the house but must remit the difference between the sale price and the loan plus interest. Foreclosure does not require such remittance. I would think that in the case you cited that the mortgage came due and the owner could not get another mortgage. The lender had 2 options to get his money back and chose Power of Sale which is faster but has its limitations too.
    1
  66761. College is NOT education, it's indoctrination...
    1
  66762.  @MichaelBordenaro  … HAHAHAHAHAHA And the biggest is the Rainbow House in DC.
    1
  66763. You can get home owners insurance but they don't cover damage from storms or hurricanes so they are pretty much useless.
    1
  66764. The entire pyramid game called the US economy is collapsing. I am in the financial industry and people bleed there is no money. All the wealth is thin air.
    1
  66765. I will look in earnest this spring unless rates are like 8%. Willing to keep renting. I’m in north NJ and I don’t think it gets hit like those other places.
    1
  66766. First time I have seen your face without sunnies!
    1
  66767. I just sent a seller in california this video.
    1
  66768. Idea: You should show the MAP location (like in the MLS) for each of your crazy price Walk Properties. We could then search it ourselves without having to get the listing. That would be great fun!... and probably greatly increase Subs?
    1
  66769. Honestly, do they think this is L.A.?? I am sure they are hoping for the California and New York buyers - interesting to see what people expect to get for their homes. Eventually, reality will really hit when there are no comparables for the appraisals - and then we see a drop! I'm sorry but who would pay the gap in this market!
    1
  66770. Your cash buyers in FL are money launderers from Colombian coke proceeds. Jimmy and Josephine from NJ ain’t buying mansions in cash.
    1
  66771.  @MichaelBordenaro  I'm talking young people who bought a few years ago and now have 100k equity. if they believe. old people don't need to do anything. and don't worry about credit. you can get a fha with a 500 score after a year of no late payments. or take the loan out and switch spouses on the next app. just an alternative scheme if 2008 was to repeat.
    1
  66772. "It's like 90" lol. It's 115 in Phoenix right now. What a Nancy! j/k, love your channel, but yeah..90 isn't bad.
    1
  66773. Rule #1. ONLY BUY IN HOA AREAS IF YOU HAVE A WRITTEN AND SIGNED CONTRACT THAT YOU ARE EXEMPT FROM THE HOA .
    1
  66774. Thorough video
    1
  66775. Got the ivory soap and a belt across the fanny.. but not at the same time 😂. For different punishments.
    1
  66776. 🤣🤣🤣👎
    1
  66777. The only notification that is more exciting than your new videos is a payday reminder😊
    1
  66778. Thank you for the info!! ❤️
    1
  66779. I can see a large number of renters facing eviction (from the end of the moratorium) or unable to afford their increased rent, and having to share a rental. Either way vacancy rates INCREASE for those certain locations. These are also people who will not be able to buy because of limited income or the inability to qualify for a home loan. It's not a zero sum game (rental vs. home purchase).
    1
  66780. ❤😊
    1
  66781. You hear about bill being written up for illegal immigrants to buy/own homes in California with state assistance. WTF
    1
  66782. Love your channel!
    1
  66783. Florida has become unaffordable
    1
  66784. Good down to earth agents will survive. The bad ones will be out. Doesn’t kick in until July, we will see how it shakes out.
    1
  66785. Awesome vid!
    1
  66786. is this a new sub-genre of crash bros? Guido Bros?
    1
  66787. I heard this guy stole my money from a friend of our who was buying. He showed them property that wasn’t his, and stole the down payment.
    1
  66788. Even under contract maybe will no longer qualify due to interest increase and insurance increases. The bank may no longer give them the loan at a lower interest rate. Some contracts last over 1 + year before they finish and take possession, by them they no longer qualify.
    1
  66789. Oh I read that article. Nuts
    1
  66790. even with good credit score youget burned
    1
  66791. I lived in Normandy Island, on bay dr. That’s a beautiful location. That area is NEVER going to be cheap…
    1
  66792. We need to ban foreigners who are NOT US citizens to buy property, land, businesses etc. I can't just go in other countries and buy land either.
    1
  66793. Wyoming
    1
  66794. As liberal as I can be and not a fan of DeSantis ....I agree
    1
  66795. Thank you for your analysis, Michael. Totally agree, except I have concerns about buying precious metals at these prices. BIG FAN of Aldi as I've been shopping there for years. Hopefully the merger between Kroger and Albertsons will stay blocked (thanks largely Khan at the FTC). Like you, I think it's a COMPLETE JOKE that the actors pretend the 2% target is close. Here's how I look at it: 3 (current rate roughly) minus 2 (target) equals 1 (difference between current rate and target). 1 divided by 2 equals .5 or 50%. So right now, at 3%, we are 50% away from the target!
    1
  66796. Outstanding video. When can you ever trust the government with our money. Why do they have to over spend all the time and then ask for more.
    1
  66797. They steal it especially in Miami
    1
  66798. 👍🏻
    1
  66799. My homeowners insurance on a Paid off $280K home in TX, is $200 a month? Is that bad or good?
    1
  66800. I do mortgages, offering 1/3 the profit for the same loans we did in 1st half of 2022. all mortgage companies just trying to break even.
    1
  66801. Never live in a place without a well known professional management company. Even those companies have questionable ethics and maintenance practices.This is an industry that definitely needs more regulation just to meet the requirements of basic Landlord Tenant Laws. Unfortunately, their industries have deep pockets to pay off inspectors, and those in office to help tenants.
    1
  66802. Was First got Deleted 😝😝😝😝
    1
  66803. I always enjoy the research and simple Econ 101 MB preaches...the only question is when will the collapse occur...this zombie economy could last a couple of more years...
    1
  66804. Everyone thought the pandemic was due to a virus that destroyed people's health, little did they know that it was to create a virus to destroy people's minds
    1
  66805. I'm not an economist and I am by no means an expert in the field. But I think there are some things to consider here. Firstly, the "buy low, sell high" concept is not new or original and if you're one of those "I'm going to time the market" types, then chances are, you're not alone. I can see some initial shocks to the system while the high interest rates take their toll, but I don't see this lasting for long or causing a profound crash in pricing (although specific overheated markets may see some more significant declines). This is because high rental prices will create a high floor for housing prices and housing demand cannot be switched on and off like a switch. If housing sales decrease for a period, pent up demand will cause a dramatic overcorrection at some point. Also, given the horrific performance of the stock market at the moment, combined with rapid inflation, real property, especially if it is sanely priced based on fundamentals, is a conservative hedge against the devaluation of investments and savings; in other words, even if the cost of housing decreases, it's not decreasing as much as the stock market or decreasing as much as inflation is increasing. Of course, all of this assumes that there is no outright "depression" and tens of millions of adults are suddenly out of work, which is a totally different ballgame. But from what I can tell, the basic fundamentals of the economy remain strong and the recovery from the pandemic is still being driven by high consumer demand. High interest rates and high gas prices may shock the system and cause a mild recession, but it will be nothing like we saw in 2008.
    1
  66806. Cool touching on investing… Are you a Robinhood user? It’s been a real game changer for me.
    1
  66807. idk Mike, seems like it got even heavier there at the end 🤘
    1
  66808. The Middle Class is gettin fleeced so badly that governments will be forced to give away more cash,…this is destroying the value of each dollar. The inflation will continue and so will the pain….and Bitcoin will continue to skyrocket.
    1
  66809. I’m thinking the same thing I have cash in the bank and really thinking about buying 3 or 6 month bonds which just just reduce current interest rates for homes buying and homes get a little more expensive or don’t go down as much
    1
  66810. Happy Birthday. Michael always speaks highly of you.
    1
  66811. To me you're the realist voice on YouTube 😮
    1
  66812. The government incentivizes irresponsible behavior and the responsible tax payers have to pay everyone else's way.
    1
  66813. As soon as we're no longer the world's reserve currency, which we know is going to happen, things will drastically change. No more printing press to sustain their pufffed-up lifestyles.
    1
  66814. Is it the right time to buy a house in the Miami area later next year?
    1
  66815. 12:30 Dude made me laugh and then cry at the same time. Subbed Fellow 35 year old Floridian
    1
  66816. Good job ..awakening people..
    1
  66817. Something else I’ve been thinking about: rates go up to 7-8%, people decide not to move because they don’t want that interest rate hike… so we have higher rates and still no inventory. Builders aren’t going to build because the new home buyers (at those higher prices) are move up people that don’t want to move!
    1
  66818.  @MichaelBordenaro  true, but im speaking about the masses, not individuals. I do believe it will be cost prohibitive for the average person to upgrade in the normal 7-10 year cycle.
    1
  66819. With a name like that, he is scamming 💯
    1
  66820. Hi Lizzy . Good to see you again .
    1
  66821. Tariffs are a tool that a country can use incrementally across markets. Globalists always trash tariffs because they don't care if an individual country's markets or the entire country is destroyed by targeted dumping of government-subsidized products from richer countries. All countries leverage their currency! The BRICs? Look up their GDP. Examine their recent actions? I wish you good luck with that.
    1
  66822. What you are referring to is communism. The govt creates the problem and then is there to solve it. Our sovereignty and solvency are in peril. Not much time left to right the ship….learn about the candidates before Nov so you can vote for prosperity. All of our problems now are because of the current policies of the idiot sitting in the WH.
    1
  66823. The people who have left California usually make around 40-70k. Most people that make over 100k have not left……….. yet.
    1
  66824. I Enjoyed the Dusk Video with Hotels/Condos glowing alive in the Background. Keep up the good work Michael :face-blue-smiling:
    1
  66825. Nice outfit Lizzi! Looks like Calili is agreeing with you! You tan makes Michaels skin look pink! Aloha!
    1
  66826. 🎉 Congratulations 🎉
    1
  66827. Wells Fargo is going down. 60% of assets held to maturity and the highest exposure to commercial real estate of the big banks. The top 6 banks will feast on the carcass after the fdic steps in
    1
  66828. Hi Michael
    1
  66829. I told my realtor that I noticed prices were dropping on homes. They said, the market was “normalizing” but not to get that confused with low home prices. They also told me that it’s important for me to buy sooner than later because interest rates are going up. I have 30k saved to pay off my student loan balance, should I feel pressured to buy a home instead? Thoughts on this?
    1
  66830. Many people are going to see the value of the biggest purchase they have made in life, dissapear into thin air. Man, that FOMO really is a mother F***er.
    1
  66831. I'll stay in WV.!!!!
    1
  66832. Try not to panic ... rent , morgage rates, stocks, crypto it's like a roller-coaster ride. You just have to know when to get off. And when to get back on... or stay on to the moon.... 😃
    1
  66833. Elon fighting for a 50 billion dollar package, while laying off people.
    1
  66834. As a ex- EX Realtor I found that many many are lairs and snakes, they will steal deals overhearing you in the office asking the broker for advice, even got into property management, same kind of snakes in a different way.
    1
  66835. All good stuff Michael. Cheers from Scotland.
    1
  66836. Henry Ford filed bankruptcy twice before he started his successful car company Never give up people
    1
  66837. if it was only the crisis we had to fight.. there is a 😈cult of insane rich people doing everything to creat as much chaos as possible
    1
  66838. If they'd pay my interest I'm down!
    1
  66839. Anything over 10 % ran out the door.
    1
  66840. Happy New Year.
    1
  66841. I used to live in MANHATTAN BEACH!!!! My hometown is TOPANGA CANYON!!
    1
  66842. The hood walks are great. Keep it up. Makes the channel unique.
    1
  66843. If everyone lived like warren buffett the economy would stop. No one would spend. There is a sucker born every second.
    1
  66844. For the algorithm.
    1
  66845. The housing market in my area in SoCal has completely ground to a halt. I’ve seen dozens of houses with price cuts 25k-75k. Seller panic is starting.
    1
  66846. If I were you, I would spend a full summer in your dream place in California, and then you will be able to see clearer of what you truly want.
    1
  66847. Thank you for the podcast. IMO it is longer than necessary: parts are repetitive.
    1
  66848. This whole country is one huge SCAM!
    1
  66849. That's graceful gray hair......more like "Gray Romana".....pretty cool.....
    1
  66850. We need more thumbnails with 🦆 instead of 🔥
    1
  66851. The associations really screwed up. Low interest rate over the past 30 years, and now financing a condo retrofit a today's interest rate 😢 That why the Dem's over the past 30 years were pushing for infrastructure repair through out the nation while money was basically 'free', but were always stopped and labeled as big spenders. You have to look farther than the end of your nose people
    1
  66852. there is an apartment for rent in Manhattan, one bedroom, and the line of people wanting that apartment went down 3 flights of stairs, out the door, and around the block. Rents are high because demand is out of sight for apartments.
    1
  66853. What are your solutions?? :if you have no solutions. You don't have a problem:
    1
  66854. cash buyers are still getting hit with predatory politicians charging property taxes.
    1
  66855. Algorithm
    1
  66856. Unfortunately we will see 1980 s rates 14 to 17 percent on home loans ! To bring inflation under control.. if your credit was perfect in the 80s. Your golden so you got a 10 percent home loan with 25 percent down..
    1
  66857. 900$ per month back in 2008 was heck of expressive during the 2000s glorious days
    1
  66858. A six figure salary is very attainable. Our young people are pursuing the wrong careers. There is no excuse. Get into construction, sales, even cops are making six figs now. Welders, start a business that is in demand. Hell u can make $100/hr cutting grass. Don't let these wierd economic times stop u. There is plenty of opportunity out there
    1
  66859. 1st
    1
  66860. Blame Govt Policy. 👈Root Cause.
    1
  66861. I was tired of them telling me the market is hot .
    1
  66862. There will be a massive crash in housing stocks and the car market …I predict housing will fall by 50 to 70 per period …
    1
  66863. Homebuyers? or people who would like to buy homes? And are they saying no or being forced to say no because they cant afford it because of high prices, no stimulus, tighter lending, 70% less excess savings, high interest rates and/or higher insurance,maintainance and property tax?
    1
  66864. Wow, so scenic
    1
  66865. Look up Logan Square sausage lady…. It talks about a street vendor that got kicked out from her mobile home because she couldn’t pay the $1,000 lot fee. The math isn’t mathin on the mobile home rents. Even if u own your mobile home out and clear u still have a minimum $800 lot fee. So I don’t see renters paying $542 a month in rent at a mobile home because that doesn’t even cover the lot fee.
    1
  66866. Stock market about to give up the gains - prepare drops imminent
    1
  66867. I shop around every year, and have saved every year from what I would have paid.
    1
  66868. Honest intelligent advice . Thanks
    1
  66869. This was a great conversation. You guys should do news interviews or something. I agree that RE is not a good inflation hedge this time around. RE is leveraged, and with increasing rates I think the underlying will drop unless wages increase.
    1
  66870. This is gonna be like the late 90s
    1
  66871. Haha 😂my groceries are still expensive and i buy all cheaper brands
    1
  66872. Rent $40k for that? It's on the canal (not a sandy beach), across from a condo building and next to a busy highway. Unbelievable Tell 'em good luck with that.
    1
  66873. House in Canada is even less affordable than US like you said. The crazy immigration we suffer (legal and illegal) made thing worst. Market is still pretty resilient and price don't flinch, we are fucked.
    1
  66874. An answer to the by-ups is ROC, Resident Own Communities. ROC USA will help the mobile home owners buy their parks.
    1
  66875. Quit depending on the government to help and instead, start educating yourself on these politicians running for office and vote for the one that is going to help the country and its people.
    1
  66876. what a realistic advice, thanks toTravis and Michael!
    1
  66877. very good video Michael!! yes, please continue with your walking videos !! stay dry :)
    1
  66878. When corporations know most people are living on a limited budget they know nothing will be done. The odds of the poor getting an attorney and taking them to court is high unlikely. That’s why they pull this crap.
    1
  66879. Michael thanks for all the work you do. Hey can you go walk around and show us neighborhoods must of us can afford? Coral Gables, South Miami etc. Thanks
    1
  66880.  @MichaelBordenaro  I understand, thanks for replying. I love your videos
    1
  66881. Oh Michael this is good… 😂
    1
  66882. 17 Million?!? 😂🤣😂🤣😂Q
    1
  66883. Interesting comments Michael about people wishing for a market crash. $30k is only going to get them in to more trouble than they will know. It’s a bit like the cryptos, buying when you think they have bottomed when in fact they are just having a minor correction and heading south again soon. And they don’t sit there hoping that the market can’t go any lower. I feel sorry for the poor people who have been suckered into any of these markets, housing, cryptos, stock market etc if you haven’t realized yet that we are completed the first wave and currently at the top of the second wave correction then you will be absolutely smashed in the next wave down and don’t think it will be over then either because there is more to this story people. Totally agree with your comments Michael It’s not good either!! Take care we are in a dangerous period here. Stay safe.
    1
  66884. How is NY Long Island looking
    1
  66885. ty
    1
  66886. 3 percent of 400,000 dollars is what, 12,000 dollars? A seller can now lower his price by 12,000 dollars to move the property, or he can be stubborn and let his property sit, incurring added costs each month it sits. Sellers choice, stay greedy or lower the price to help move it faster.
    1
  66887. I read where CA is now giving loans to illegals to buy a home.
    1
  66888. Love the videos, and I don't even live in the US. Congrats on the 5 years on YT 🎉
    1
  66889. Michael, I will miss California for sure. Will miss the Mediterranean climate!
    1
  66890. I think those investors buying out the mobile home parks want people to leave because I think they want to use the land to build less affordable places to live and they probably have no intention of keeping it a mobile home park. Or, maybe they want to turn it into an expensive RV vacation like place instead. I think people with RV's probably have money and own other properties besides RV's.
    1
  66891. Great info!
    1
  66892. And that’s just the mortgage payment. That doesn’t include the increased gas cost which is taking a few hundred dollars a month out of everyone’s pocket
    1
  66893. That broker got lost in his own sauce
    1
  66894. It's not too dark, man. Love the video, the beach is beautiful! Keep it up!
    1
  66895. Congratulations on your award and hitting 100K subscribers.
    1
  66896. Inflation, property taxes, home insurance, utilities, mortgage rates, house prices, everything is up and a recessionary economy. The worst time to buy ever.
    1
  66897.  @MichaelBordenaro  that’s not to say it isn’t the right time to buy for certain people/circumstances. Dave Ramsey made such a massive impact on my life, but he’s not infallible. I disagree with some of his dogmatic or rigid views on certain financial things. I like your more balanced approach to the housing market.
    1
  66898. Hi from Australia 9:00 AM having a cup of tea watching this show to start My day seeing the latest from There.And We dont get the good Bourbon here from there Early Times Bourbon not available here.
    1
  66899. How would it feel at Christmas time
    1
  66900.  @MichaelBordenaro  oh, I agree. Thank you for your response & the great videos.
    1
  66901. Hi Michael. I don’t always see your channel when you are live, but I do watch you later. I enjoy when you do your walkabouts and I like when you are inside. I love seeing the outdoors, but I think it’s easier for you to see comments and answer us when you are in your office. All I know is I enjoy your channel and learning new perspectives. Keep up the good work. I appreciate you! 👍
    1
  66902. LOL!! Awesome collab.
    1
  66903. Thank you mate!!
    1
  66904. If it can’t continue forever it has to end
    1
  66905. Opendoor, Zillow and others jumped in the market to snatch houses from people and look at what happened....
    1
  66906. Check out the iguana...that's definitely a sign of a recession 🤣
    1
  66907. Oh what, we gotta pay our debts now? The government can pay for it!
    1
  66908. Mike from real estate mindset was on the beach doing his version of the 4th. stage. He's out of shape compared to you and Dan.
    1
  66909. To hell with that. I'll just rent for the rest of my life. I seem to have more money in my pocket when I rent than when I own anyways by a bunch. That down payment for a house is instead working for me in a gov't bond making over 5% to pay for my rent anyways. So my savings that are also invested bonds making 5%, are also working for me and social security earnings are all gravy.
    1
  66910. Amazes me RE prices could double in a year. Reminds me of the tulip mania. What a super bubble. Also of note that the Fed does not set longer term rates, they only follow the trends. This has been charted a number of times. They only move with the markets not ahead of them.
    1
  66911. Ty
    1
  66912. Government spending is the reason for permanent hyperinflation FED hopeless helpless
    1
  66913. Tell her happy birthday 🎉🎉🎉
    1
  66914. 70 million for that lot. Wtf
    1
  66915. Haven’t been in a McDonalds since fall of 1975. With the money I’ve saved I’m healthier, wealthier and wiser.
    1
  66916. What's the penalty for driving without insurance? Is it less than the cost of insurance? Just put all assets in an LLC
    1
  66917. if your into manufacturing idea chat hit me up. how do you want to make your glasses. 3d printing? laser cut wood frames? injection molding? many types of options boss. also you reusing a lease type or do you want to make your own custom lenses.... happy to help discuss options you could use.
    1
  66918. Michael where are you on Vacation?
    1
  66919. I’ve been listening to your videos and waiting patiently for rates and prices to drop with my 🍿❤❤❤❤
    1
  66920. Congratulations MB 👍🏼
    1
  66921. Meanwhile I paid 52k for my house in pa lol.
    1
  66922.  @MichaelBordenaro  the trade off is harsh winters.
    1
  66923. ty
    1
  66924. Michael you are on point with your analysis. My analysis is the power to be has decided the Gentrification of large Swaths of America 🇺🇸 major cities. Sad very 😔. 💯🇺🇸👍🏾
    1
  66925. welcome to gen Xs issue. have no sympathy whatsoever. if republicans want to destroy medicare, we are all screwed because what 60+ year old will be able to afford private insurance?
    1
  66926. Inflation? A dozen eggs $9 in California for the cheapest brand @ Food 4 Less. Gov must not factor eggs into the CPI.
    1
  66927. For the algorithm.
    1
  66928. I was starting to question if you were actually ever there when you compared AMI to South Beach. I fell outta my chair. I run on this beach 4-5 times a week. ... Longboat Key is less crowded because 99% of it is private access. The beach is most crowded where you see the food and tiki bar over on Holmes beach and the . where there's the free public parking, food spot where the free bus picks up everyone when Coquina turns into Cortez. The Northern tip at bean point is quaint b/c you have very limited public parking on that end. And dont sleep on that calm water at the northern tip. That's where the Gulf and the Bay meet up and there's an incredible rip current at Bean Point
    1
  66929. Don't hesitate to tell the obvious things. We pay by inflation for all of those cool guys like veterans, business owners, students, Ukraine, Israel etc.
    1
  66930. Thanks!
    1
  66931. My wife cleans air b and b and I can tell you that the business is slowing down significantly.
    1
  66932. WOW. I live on the beach in Myrtle Beach IN a 3 bed 2 bath and my taxes are 360.00 a year
    1
  66933. I do not agree with property tax exemption on owners who rent to low income families. These families have lots of children and remember here in Florida schools are funded on the backs of property owners. The property tax can be reduced to the level of perhaps homestead exemption type discounts to the landlords.
    1
  66934. First! Hi Michael 👋 👋 👋
    1
  66935. I think we tied. 😅
    1
  66936. If you are going to be in the stock market, you need to know how to use options. It's kind of like how when you drive a car, you need to have insurance. Options function just like auto insurance but for stocks. I can control a stock like Tesla, which is all over the map and dropping like a brick. I can own shares and if the price drops, not my problem.
    1
  66937. Greetings from POLAND. I'm watching your every video. In Europe we have the same problem with rent and home prices and affordability.
    1
  66938. There are a great many unprincipled weasels in your chosen field - that's just a plain old fact. No doubt there are some with integrity and a genuine desire to help people by giving them good, independent advice and guidance but I would have to say they are in a minority. Commission driven earnings always breed greed and dishonesty in a lot of people - sad but once again, true.
    1
  66939. Our own seniors are becoming homeless due to high rent yet our government gives free housing to illegal people Spell What’s Wrong with this picture⁉️⁉️⁉️ 💔
    1
  66940. Go heavier with condo insurance fees . Interview condo owners, including hoa fee outlook
    1
  66941. Paying less even with rising prop taxes and ins?
    1
  66942. In regards to the 401Ks. Taking a loan from your 401K is one thing as you are putting it back in with each monthly payment. Taking a withdrawal is where you actually take it out, pay taxes on it so your 401K goes permanently down as much as your withdrew.
    1
  66943. Remote workers were always around…think expats in South America making salaries in US$$. They live like kings, paying in local money for services and real estate.
    1
  66944. FACT: The US is performing much better than many other wealthy nations when comparing economic growth and inflation rates.
    1
  66945. Wealth inequality is still alive and well in America, Michael.
    1
  66946. I thought I was part of the upper middle class but now I'm thinking I can only afford a van down by the river. ( channeling Chris Farley)🤪😜
    1
  66947. I found your channel very educational and worth subbing. thanks for the apploads ! a fellow creator..............
    1
  66948. I had universal,evil to the core🪤
    1
  66949. They really don’t have adequate charging stations for EVs. Most people I know that have Hybrids like them, but full EVs are a different story. I know they say it is “green” but how green are they really? When you consider all the batteries and solar panels that will eventually end up in the dump and all the mining that must happen to create them in the first place. Mining pollutes water, soil and air. Is it really any better than other fuel sources?
    1
  66950. Man, the surf sucks there!
    1
  66951. If people stoped buying at stupid prices and rates it would correct but their not apparently . Somehow they are convinced everything RE goes up and at best stabilizes but doesn’t loose money. Some big New construction builders are buying down rates to attract buyers to mid 5% rates certainly affects the bottom line but what does that tell you they have built into these prices . Stop voting democrat because you don’t like the other guys personality . We have no business sending money anyplace , we are broke $33 trillion in debt .
    1
  66952. Hello, here's a question for you all out there. We need a bigger house very soon. Is it smarter to sell and upgrade now while things are still hot in my area, or wait until things cool down. I will be paying cash. thanks
    1
  66953. No, I don't believe that NIMBism is the number one obstacle to more affordable homes being built. If that were true then why are all the apartment buildings going up. No, its because the builders are still making more on McMansions. That's the reason. Don't get it twisted.
    1
  66954. 0:34 thats why its the median and not the mean. When even the median is skewed we know its reslly fcked up 😂
    1
  66955. Not disagreeing with you on the spending and the IMF statement. That does worry me. Good news is Japans economy is structured very much like ours and their Debt/GDP is just under twice as much as ours. So we will know our limits when Japan collapses and can hopefully put in a hard limit to avoid falling off a cliff. But as far as housing crash happening it will be highly unlikely unless we get a 10-15% unemployment rate(which isn’t impossible). Even if we go into a recession it’s highly unlikely the housing market will crash as most of the loans are fixed rate and not ARM’s. ARM’s accounted for just under 40% of the total mortgages back in 2007 before the Fed started hiking interest rates. They are making a comeback but this isn’t concerning since interest rates are higher. Also you have to consider NINJA loans was fuel to the ARM loans fire in 07 and was pretty much eliminated after that unless you are ultra wealthy and the bank knows your history.
    1
  66956. It feels lime the summer never left this year,scorching temperatures in the 85 during months November and December. Never been like this in Florida in over 20 years
    1
  66957. yes...hubby and I decided to stay where we are and save...we hope to buy in maybe a year ..we want to move to FL but not having luck with being an out of town buyers...so we will save and then when we get close to moving we will drive down and go around and hopefully pay cash for a dump and fix it up...and yes we know it will have to be rural FL...just hoping not to get too too far from the beach...
    1
  66958. Allow me to note that Jim Grant is a "Perma-Bear", a negative, depressing guy CNBC rolls out once every fifteen years when the bull market is crapping out and people are willing to listen to pessimism. That said, here we are again, another bull market is crapping out. Thing about interest rates is this though: never underestimate a corrupt and degenerate government's desire and ability to "prime the pump."
    1
  66959. ❤👍❤
    1
  66960. Mr. 10X is going to federal prison. It's not if.. It's when. Not for what you mentioned. For front running his investors on properties & fraud.
    1
  66961. Nice guitar playing🤘🏻
    1
  66962. housing isn't affordable because of the government--buying votes by promoting too much immigration illegal or otherwise than can be absorbed by the economy. Too many new people without enough houses being built to match.
    1
  66963. I think I read this story on Reddit 12:41
    1
  66964. I applaud your stance on banning foreigners to buy homes...I live in LA, and a lot of rich foreigners are using American real estate as banks to store their money....When I mention the ban, people thinks its a radical idea..
    1
  66965. I don't see buyer's paying any Agents or Attorney's upfront fees. ~50% of them will go directly to the listing agent inducing Dual Agency (illegal in 8 states) and the other ~50% will use an Agent and pay indirectly via seller concessons directed to a commission at closing.
    1
  66966. In NE area they are going up
    1
  66967. Thank you for the breakdown on what is selling. Of course it makes sense only the million dollar homes are selling screwing the market sales as being up. Up for the rich but not for the rest.
    1
  66968. REALLY? Your going to believe BofA? Lmfao! I trust what they say, as much I trust our Governments word.
    1
  66969. Mike, JESUS LOVES YOU!
    1
  66970. No Michael, Thank you! Beach walk is fabulous ….
    1
  66971. that's not true rent is not going up
    1
  66972. 30 years ago, you could by a small house in some places at that price!!
    1
  66973. The Florida lower cost of living isn't true at all (outside of Chicago) no state income tax in FL but it makes up the cost in every other way.
    1
  66974. Micheal what’s going on with your own brand of sunglasses?
    1
  66975. Great video Michael. I enjoyed you with Brandon on his channel, by the way. Very enjoyable video.
    1
  66976. I really enjoy your videos. Good for you to have your wife with you on this one celebrating her Birthday. Hope you had a good day together. I agree with what information you are telling people. Getting them to listen is a different thing :). Keep these videos coming.
    1
  66977. We have money to give or buy weapons then give to UKR but cannot help out old lady.
    1
  66978. I love that you tell the truth ! Sorry we have so many snow flakes
    1
  66979. I think one of the differences for those public positions is wage increases have to go through a lot of bureaucracy. Sometimes they don’t get raises for years. The Florida highway patrol for example was only getting $33k a year until recently when it was stepped up to $37k and finally $50k this year. Still not enough and they’re short at least 300-500 troopers. There’s a massive need for these positions and unlike the private sector, they can’t just raise prices to increase wages.
    1
  66980. Algorithm
    1
  66981. Couldn't agree more with you Michael!
    1
  66982. Know: Excellent Florida forclosure market film: 99 Homes👌
    1
  66983. Nice guitars bro!!!
    1
  66984. 💯💯💯👍👍👍
    1
  66985. I know someone that is based out of Seattle and gets paid at that rate $73k but lives in Az $69k. They required them to return to the office 19 June at least one day a week so now she flies twice a month to Seattle which wipes out any excess she makes living in AZ. People are going to be in quite a pickle soon.
    1
  66986. It’s great to know this about “ALDI” and “Walmart”❣️ Hoping more grocery stores will do the same or starting even before Thanksgiving with other food and beverage items. Thanks for keeping us informed. 👍😍
    1
  66987. Stay safe man , hurricane looks crazy right now !
    1
  66988. Hopefully everyone has their powder dry, water stocked and food stored!!
    1
  66989. ticket master can stop this because recently I tried to resell some tickets due to lack of time and it something on there where I couldnt resell them
    1
  66990. GIVECARBACK
    1
  66991. I’m ok with doom and gloom as long as when things recover then you tell us “ok NOW is the time to buy”
    1
  66992. The Pandemic Laws SUCK❗️ California is just nuts! Thank you Michael for sharing this news. Blessing’s, Carlos ✝️🙏❤️😊❗️
    1
  66993. Be careful about posting your résumé to a competitor company. Managers talk! Oh God, how they talk. It will get back to your company! When you post your résumé, you should know you're leaving your current company.
    1
  66994. Michael you explained that very well as far as what the average baby boomer is dealing with in this housing market..So why be upset with us for wanting to keep a roof over our heads..
    1
  66995. Use voice isolation mode on iPhone. That will have zero wind noise
    1
  66996. So I'm in the beginning and you're talking about a guy who wants to leave Portland because of the weather... and when you say weather, what I hear is homeless people breaking into everything, pooping and peeing everywhere, and pretty much the entire population of that place being ultra-liberal loonies in which there are almost no conservatives left to keep everything sane and grounded and now it's time to leave and go vote some conservative Place into a liberal hellhole
    1
  66997. The change in interest rates 65% of people have reneged on their purchases
    1
  66998. And EVs are not much cleaner than ICE vehicles. It takes a few ten of thousand of miles to cancel the extra pollution required to make them and that is only if electricity is not produced by coal or other fossil fuels which mainly still is. Therefore, right now there is a good chance that by the time the EV needs a new battery, it has not even been cleaner than a ICE vehicle. It basically just transfers pollution outside of the city. Maybe the next generation of battery, solid battery or another technology will make EVs clean and practical to use, but for now, it definitely is the biggest bullshit of the century.
    1
  66999. 🔥🔥🔥🔥
    1
  67000. 27000 dollars a month! Fugetaboutit
    1
  67001. They don't want to repair the economy. They really want to debase the dollar so that paying back the $34T+ can be done in nominal $s which aren't worth toilet paper. The awake/sleep analogy is good. I also liken it to being a patient in a hospital where the doctors are determined not to let the patient exhale under any circumstance. "Just inhale" they tell their patient. Guess who's going to die.
    1
  67002. Great job gentlemen!!
    1
  67003. Michael, have you ever run across any gaiters walking through any communities yet? Just curious?...
    1
  67004. Hey Mike, I gotta give you another one from Dan's playbook over at I allegedly. You almost got it in this video, but not quite. You see, you got the animal part, but it was a CAT walking away from you. The Dan way of doing things is to get a DOG coming up to you. Something to think about! Otherwise, you got the common sense part down. And you're doing a good job having those imaginative arguments over how stupid some imaginative person is for thinking nonsense. Keep it up!
    1
  67005. The government is addicted to Opium(OPM)…other people’s money. They will never stop spending or printing money no matter if they raise rates or not.
    1
  67006. Downstate Illinois is becoming more affordable, regardless of the high property taxes.
    1
  67007. Michael,,that’s why I’m retired and living in sea....nice apartment 300. 00 mo, inc until. Impossible to afford back in Chicago.......doing a good job, keep up the good work...
    1
  67008. We have the worst food in the developed world thanks to FDA the shit we have in our food they won't even allow in Europe
    1
  67009. I think the FED threw the markets a bone to test the waters and the herd ran over the cliff - as expected. Rate cuts are extremely unlikely.
    1
  67010. I have been buying more but we have no kids and almost 50 years old but have never got my losses back from the stock market, still over 70% down I live in michigan and have been in my house for 25 years
    1
  67011. Although I dnt recommend this to anyone, I would get rid of my insurance if I didn’t have a mortgage. These companies do this because regardless ppl still gonna pay.
    1
  67012. lol damn that a nice check !
    1
  67013. At this point, just self insure if you can.
    1
  67014. Everything in your country is a MAKE BELIEVE! People seems to be living in a bubble! Rapture by Hollywood and sports! Every 4 years one of the candidates,running for President,come out with a catchy slogan like: YES WE CAN or : MAKE AMERICA GREAT AGAIN! And the zombies run to vote!😂
    1
  67015. Early only 19 seconds
    1
  67016. Thank you so much Mich!! Really appreciate you Thank you!
    1
  67017. I find your videos very informative and helpful 👍🏾 Thank You
    1
  67018. All the government figures are lies.
    1
  67019. Congratulations 🎉
    1
  67020. If I wasn’t a 100% disabled veteran I wouldn’t live in Florida
    1
  67021. Michael, here in FL, counties issue tax deed if property owners don’t pay property tax, then tax deed will be auctioned, the winner of the auction buys certificate, pays property tax, wait for three years, and if the owner of the property doesn’t pay the tax within those three years, the deed to the property will be given to the owner of the certificate. Property owners still have opportunities to pay missed taxes for three years, so it is much better than the story you mentioned in your video, but once tax deed owner received the deed to the property, the property owner who missed to pay the taxes looses everything.
    1
  67022. You know I use to like your vid's , But now I feel half of what you say is just negative . Such as sale one house and buy two, maybe if your house was 100% your's. Since most home's our not pay off.And I agree Biden green market sucks, but things aren't as bad as you say.And all I receive SSDI and I'm not crying. I'm 55 and I have seen it like this few times. So if you don't cry more people will listen.People just need to wait till times are better.Give them something to look foward to.
    1
  67023. What we all have to do is offer 40% less of asking price or offer 2018 value. Whichever is the cheaper. This is the only to bring real estate back to reality. Housing in my area (Cali) has increased in a lot of cases 450k in two years.
    1
  67024. FED is not going to come out and announce hey we are going to cut rates in March because that would just cause stock market to go much higher which they are trying to avoid. As you had said the economy is in trouble, the jobs we are adding are meaningless . Most of them are in service industry that people have multiple jobs to make meet ends. The cuts will happen because they'll have to cut. Don't be surprised if they'll even start stimulating again.
    1
  67025. Hey Michal cover Hialeah..Overtown the real Miami..besides it will be where the masses will have to move
    1
  67026. 7:05 Speaking of flippers.....
    1
  67027. That guy doesnt have a hardship... he is just horrible with money. I make 89k base thats no OT, and i travel for work so also doesnt include mileage or perdiam. I pay about 2500-2600 for rent "utilities and internet included" and have a 1200 a month truck payment. Things are tight, but we are making it. However houses are 550k-700k in my area. I cant wait for these prices to crash.
    1
  67028. I always take a higher deductible, saves some money. If you make a claim they will either drop you or raise your rates sky high now. Can't win either way. Nice beach there Michael. Thanks for the video and Happy Sunday to you and Lisi!
    1
  67029. WHAT?!! You mean the CORPORATE media doesn't have my best interest at heart when doing stories to promote the financial interest and products of other corporations? I had no idea!!! 😆🤣
    1
  67030. You sound exactly like me. We live in an instant gratification society. No impulse control. I want it and I want it NOW. I'll worry about it later. Look at the retirement crisis, people have no savings plus debt. Very frustrating for those of us who are responsible.
    1
  67031. 🙂
    1
  67032. You're aware that they (the Fed) are lying about that right?...
    1
  67033. Keep up the good work Michael. Pay no attention to the snowflakes out their.
    1
  67034. If you won't put 70% of your take home into a house ... You just don't want one that much. Enjoy renting then. Just don't cry to me in a decade.
    1
  67035. Michael, I am at the Schwab conference in Philadelphia. The banks are shitting their pants. They are not lending. All the private lenders are stepping in. Rates are headed to double digits and higher. Just look at the TTT today.
    1
  67036. If I owned a house in California and it was.paid off, i would sell and retire in latin America
    1
  67037. House or marriage? If you have to ask please do not get married.😂
    1
  67038. Hi Michael. Just wanted to share a video I watched today on YouTube. His name is George Gammon. He talks about the economy. The video I watch first of his was the truth about the crypto crash revealed
    1
  67039. bad news now for many -- Thanks Michael!
    1
  67040. Unrealistic goals get corrupt politicians the votes. It's easy to over-promise when they are not the party to deliver the results.
    1
  67041. You know what you are doing Michael!! You are documenting the collapse of the US...
    1
  67042. Hello Michael, We very much appreciate your insights and tours. We're looking at properties in NE WI. Could you help us understand why brand new houses are on the Homepath sight? We thought Homepath was for foreclosures & reo's. Thanks!
    1
  67043. Subsidies ENABLE high prices to continue and Inflate more, bypassing the law of supply and demand. Housing. Medical insurance too. Take Obamacare….subsidies have enabled insurance companies to more that DOUBLE monthly premiums. If people couldn’t afford these rents, maybe they’d go down. Smh
    1
  67044. Thank you! If I talk about it ppl bury their head in the sand.
    1
  67045. I agree, so many problems all at once.💯
    1
  67046. Come to Pensacola! Nice 1,800 sqft two house for under $700,000.00
    1
  67047. Timeframe for explosion? ☺
    1
  67048. I love your videos I start my day everyday watching you are very knowledgeable and I fully agree that the csn keeps getting kicked down to road to prolong the enevedible many people don’t think prices will come down but I don’t agree only way it can be affordable is to drop rates diwn to 4% but ofcourse if that happens it will shoot prices up and that will seriously crash in my opinion
    1
  67049. 18:54 united we stand..
    1
  67050. Mortgage rates going up for over priced homes, for people with no savings, is a disaster in the making. Most people are overweight over priced homes.
    1
  67051. Hi everyone, it is absolutely bonkers lol
    1
  67052. Oh man. You as a Metallica fan made me think of the whole ‘Pay Lars’ thing sometime back when you were talking about yt premium. I pay for it. I refuse to ever watch commercial programing again. If I go broke then the tv goes.
    1
  67053. We need a 90% crash (this kind if housing should be under $300 month)
    1
  67054. 65 k pr yr in NYC is poverty level
    1
  67055. UT is upping 23 different taxes in salt lake county. Fuel is 5.42 a gallon for the low end. Car insurance has gone up as well. Right now it's cheaper to buy meat from the butcher then store. It is crazy
    1
  67056. Those people in your example are saving like $4,000 per month!! They arent living paycheck to paycheck in the true sense, they're saving nearly 25% of their money. Many people are living off 4k a month or less. Plus the $1,000 in discretionary coukd be saved if needed. I would say a solid 2/3s of the country would be happy with that situation in one the wealthiest countries in the world.
    1
  67057. Michael, The housing market and the dream for many of owning a home will just be more collateral damage. The residents of the city of Portland, like so many other cities, are getting what they voted for. The liberal democrats that are ruining these cities and states didn’t elect themselves, the residents voted them in and are now paying the price. In my 39 years I have seen the intellect of the average voter fall to that of a corn flake and it only gets worse every year. I only spend about 6 months a year in the US so I have a world view of the problem and it’s not just the US, it’s everywhere. In my opinion, we have already passed the tipping point and I can see the same uninformed voters electing the same uninformed dilettantes to public office until there isn’t much left worth having. Many of the founding fathers especially Jefferson and Franklin were terrified this would ultimately happen and you can see it unfold daily on any channel or on any street corner. It breakes my heart to say it but it’s happening in my home country of Scotland as well.
    1
  67058. US is over due for a recession plus stock market crash !! Say by 10y !
    1
  67059. Prices are crazy in Los Angles County.
    1
  67060. if you are paying taxes on the property you supposedly bought you really don't own it.
    1
  67061. When I’m craving leaf blower ASMR, this is my channel of choice.
    1
  67062. It all comes down to greed just because they can up the rent doesn’t mean they have to
    1
  67063. Hi Michael, lets see what happens in Miami, because I think they will go lower or about 2019. Example Opendoor has a home for sale off Dixie Hwy on the upper east side on NE 8th CT for about 6 months now and still nobody wants it. Many other homes for sale in that area, not sure how is no inventory, just in 2 blocks is 3 houses for sale.
    1
  67064. Fall behind. 2 months your out .. that’s what’s happening in Ohio .. oh there’s no loan on the house the owner is dept free .. got a down payment charge 10 percent interest…. Win win for the actual owner that’s dept free .
    1
  67065. OMG! The kids dangling their feet near the croc sign??!!! This is a BIG, HUGE WTF????!!!!!!
    1
  67066. Wow! I never, and I mean never, bought any of my properties in Costa Rica and Panama, that were in HOAs!
    1
  67067. There's a great invention called an umbrella. It works pretty good as a back-up even if you aren't able to carry it at the same time as the camera 😁
    1
  67068. Agree! 👍
    1
  67069. I bought a condo with my daughter's Dad, - not married. A few years later we bought another condo. He got one and I got one. We split up. I've been renting rooms for 24 years, and not even to friends ! I had no choice. But a couple of refis and a pay down, and I've finally got possitive cash flow after all expenses. So it can be done. 😅. But i wouldn't want to share ownership with anyone. 😮
    1
  67070. And here comes ANOTHER hurricane.
    1
  67071. China buying up farmland and now they are looking at real estate properties. How greedy will elites get? How long will Americans tolerate it?
    1
  67072. I can't thank you enough for bringing up the high yield savings account which I just opened today and will be getting more and more away from my nearly no yield account which isn't doing much.
    1
  67073. Buying a house priced at 675 but waited and getting it for 80K less. Love the house much and its in a really great area. Closing by Sep 1
    1
  67074. I went to Kalahari resort in pa and they had bottles of water for 5 and they where just normal plastic bottle of water lmao i dont think so
    1
  67075. Hi Mike, looking to buy on long island N.Y. Renting now at like $3,200 a month 🤯 and not creating any equity. So should I wait or is it really going to matter. Prices will come down but interest rates going up. 🤔 what should I do if i find a nice place at a decent but not fantastic price. Market here doesn’t seem to be dropping that much like Nevada, Texas and Arizona. Any advice. Thank you
    1
  67076. Nice quiet walk.
    1
  67077. I make 76000 a year and can getting out bid on rentals. Here in lake havasu city. And completely priced out to buy a home. Average here is 400000.
    1
  67078. Could video keep them coming.😁
    1
  67079. Floridians are optimistic because everybody is retired. Of course everyday is a sunny day.
    1
  67080. Florida being the top travel destination in the world was surprising!
    1
  67081. We’re getting rain on this side of the bay. How about you over there in Tiburon? Any rain coming down?
    1
  67082. Fantastic analysis Thank you Sir Brilliant discussion You do a wonderful of of shining a light on truth. Main stream media is officially over! Thanks Mike
    1
  67083. Did you hear about Red Lobster?? People showed up to work and their restaurant shut down with no notice, the company is slowly facing Chapter 11 Bankruptcy! 16 Red Lobsters were shut down in Florida the other day alone! “More than 80 Red Lobster locations in at least 27 states were listed as "temporarily closed" on the restaurant's website. Workers at the shuttered restaurants shared their disbelief on social media and said they received no notice whatsoever. A liquidation company announced it is conducting an online auction of Red Lobster kitchen equipment and other contents of the closed restaurant locations. The closures come as bankruptcy rumors circled the seafood restaurant chain in recent weeks. Red Lobster has been searching for a buyer to avoid filing for Chapter 11, multiple media outlets reported last month.”
    1
  67084. I thought it was bixzare when the interest rates were close to 0. I am in favor of higher interest rates.
    1
  67085. About 75% of the stimulus money went to the top 10% someone can correct me on the figures if they have a better source. Yes most the money went into stocks and real estate.
    1
  67086. The question is why are people stealing from retail stores. Duh they are BROKE!
    1
  67087. Never see this much homeless over Florida west coast.
    1
  67088. Michael,....slightly off subject again,...but,.....since Bitcoin is currently almost exactly (price-wise)at when you bought it. Any thoughts?
    1
  67089. ✌️✌️✌️✌️✌️✌️
    1
  67090. I live here in Daytona Beach, moved down here permanently in 2016, from North Carolina, before that we had a second home on Orchid Island, vero beach, Sebastian area, I'd live here in Daytona hands down than any other place in Florida. We live in a water front condo and we are directly on the Halifax river which is also the intracoastal water way. We bought a year ago in December. We got this place cheap compared to other places in Florida! Ya can't beat living here ! Our real estate prices have gone up like other places but, not as high! Our condo to buy it now, would be double what we paid for it and, it's still cheap compared to most cities in Florida! Houses way cheaper than where you're at or, where our son lives on the west coast of Florida! And Ormond beach is beautiful and reasonable too. Just my 2 cents!
    1
  67091. So if investors are buying the mobile home parks, wouldn’t land taxes go up a lot, thus forcing people to charge more?
    1
  67092. USA is becoming a renting nation owning is no longer american dream
    1
  67093. Great economic insights.
    1
  67094. THEY said JOE BIDEN was sharp as a tack- then they got rid of him because he had dementia. Lying is an artform today among democrats. 40 MILLION Americans will vote for Kamala Harris. You can't fix stupid is the only truth left in the world.
    1
  67095. I think I stopped in a 5 guys about 2 years back. I remember looking at those prices and thought - I can, literally, go to a sit down restaurant and pay the same thing. It's insane. A single cheeseburger with fries was pushing $14 at that time. I have no idea what it's at now, haven't been back since. The fact most of these companies continue to utilize ingredients in their products that are illegal in other countries make patronizing them completely pointless.
    1
  67096. Louis DeJoy is running the post office.... right to the ground, that is the only reason he is still there.
    1
  67097. Those shades are fire!! 🔥🔥🔥
    1
  67098. 103 grand 30 years ago to 850k! for that???
    1
  67099. This is where I get all my negative real estate news
    1
  67100. 👍
    1
  67101. I didn't know the significance of 100k subscribers! You will get to 100k soon.
    1
  67102. I can tell that if I buy real estate right now I’m going to have buyers remorse immediately. That’s a feeling you sense only from having good and bad experiences with real estate. People, forget FOMO right now. You’ll thank me later.
    1
  67103. Moved to Boise a few days ago from Charleston SC and today the wife and I went house shopping. I’m so happy to be out of SC and now in Boise. I knew the home prices here are still very elevated but today I got a first half look at what 450k will get you here in the south east Boise area. Let’s just say I’ll be sitting this inflated market out for a while and today we signed a 1 year lease rental. Renting here is literally less than half of what is to buy here. Buying here makes ZERO sense right now. It’s so inflated it’s disgusting. For the first time, renting here make total financial sense.
    1
  67104. I haven't seen " the rent is too damn high " yet in comments ☹️
    1
  67105. This is awesome. Will share. Just saw your video with Reventure Guy on a stroll through the neighborhood. Keep up the great work. Thank you.
    1
  67106. Is that your wife and baby in the background walking along?
    1
  67107. Great Video but why did you walk in a circle saw the same boats 3 times ? All this started when Nixon took us off the Gold Standard its been all downhill since then . 50% of the USA are DEBT slaves it's all about the Banks. Don;t be afraid to say the word Depression were almost there.
    1
  67108. 73% of people say they are confident in their financial situation. Your viewers are mostly from that 27% group that has always been behind and never gotten their money right.
    1
  67109. So are you suggesting we YOLO in the casino on black? Got it; red is out, so it must be black. 😂 Great video, thanks for sharing your thoughts.
    1
  67110. Michael it's a scam.. there's no fixing anything.. you're helping the owners with rebuilding the condos over again.. and you're paying HOA fees to help mow the lawn, maintenance of the pool, paying for higher priced AC units so forth and so on!!! make it make sense 🤔 to buy a condo!!!
    1
  67111. I thought they ended tax credits the first of the year. When they over produced and priced electric cars like crazy,
    1
  67112. 1783 treaty of Paris. Franklin, Jay, and Adams gave all the land back to the German Royalty and international banksters. thus you will find yourself out the land if duty is not paid. you can move your house if you want to.
    1
  67113. Better (maybe) if USA defaults triggering a political change by the people taking back power instead of pentagons perpetual war economy and it's 800+ military bases.... just imagine the prosperity if US stops war and get along with the world and China, that would be a glorious day
    1
  67114. Right, I'm selling my home with a 3.5% mortgage. So, I can move to a new home with an 8% mortgage...
    1
  67115. Michael good video, fits current American Society well. Since the 80's the birth of millennial generation have been getting screwed. From a high level point of view, the USA cost of: 1) Education. 2) Housing and 3) Medical is all out of whack. The USA has changed to 'money nation', and when you look at what drove these cost of life is an unending desire for cash flow. And where do these big companies and institutions get their money from...us the consumers. The American Living Standards has peaked with Baby Boomers, has gone downhill for the Millennials. The Baby Boomers generation will pass, and will leave wealth behind, hopefully offseting this situation.
    1
  67116. I'm not Repub or Dem, either. Cheers to all who think for themselves!
    1
  67117. That's messed up.
    1
  67118. Some of the stuff you says is on point. Some is just so ignorant it’s painful. The reason the west coast has tons of homeless camps is Martin V. Boise. Please read it…TLDR: 9th circuit court made it illegal for police to imprison the homeless. So now, you can camp out without fear of being cited ir prosecuted in any 9th circuit jurisdiction if you are destitute.
    1
  67119. 200 is nothing when looking for a great paying job. I applied for over 1,600 before I got one and it was a really good one!
    1
  67120. The vilain of the story are not the students, but banks and financial institutions. They are the one that hikes the cost of living by allowing high price loans that people won't be able to pay back. What happened with the subprime in 2008 its exactly what happening today, but this time, is not with the mortgages failure to payment, but with the student and car loan failure to payment. Never forget that banks DONT, and NEVER make money on their own, they need YOUR money to make theirs. Each granted loan you receive its because other clients put their hard work money in that bank. So blaming the students for your taxes is not fair, when the real cause is bank's greed that lend money that they don't really have so they cane make larger profit.
    1
  67121. I guess I got lucky, I havent seen any thing breaks for the first 3 years., I m not in FL though.
    1
  67122. We need honest realtors, and unfortunately, some are not ! Thank you for sharing your information and educating us! I have cut down and done just want you’ve suggested!
    1
  67123. Sounds like great depression here from globalist mass inflation backed by nothing
    1
  67124. 4% of all loans are adjustable rate loans......thats alot
    1
  67125. Most people just can't live within their means, They have been spoiled by Low interest rates for too long. People spend recklessly And don't save.very much if any at all. They want their Starbucks coffee everyday And eat out at the restaurants way too much,and wonder why they are broke. It takes a lot of sacrifice To get ahead And most people just can't do it. They spend money like rockstars,and charge the rest. It takes more than 40 hours a week to get ahead, I worked 60-70 hrs per week for years and used my vacations to work on my place instead of going to Hawaii. Try driving a car you can afford.All I can say is,it's worked for me.
    1
  67126. Just commenting on the leaf blowers. It's a very dumb way to move leaves from one place to another instead of sweeping or vacuuming the area.
    1
  67127. What's great about the government is how they take care of the old folks. In every state, once you are over 65, you don't have to pay property taxes. You just go down to the the FED building, fill out the forms, and no more property tax payments. The gov won't take your home until you die. HOW GREAT IS THAT! Biden Harris 24~!
    1
  67128. Will you make more specific videos to Florida? It seems like new listings are actually going down even though overall months of inventory is going up. Especially in SW and SE Florida.
    1
  67129. There will still be assumable mortgages; but it will be a different kind of assumable mortgage. The seller will have to assume that he's not going to sell it for anywhere near what the mortgage he holds on it cost.
    1
  67130. Congratulations ❤
    1
  67131. My spending is through the roof. I just had to spend a fortune fixing my vehicle.
    1
  67132. Loved your show.
    1
  67133. Yeah retirees already put their time in DA!
    1
  67134. 14:02 Go back on a weekend when the Rail Railroad & Ferry Depot Musuem are open. Lot of history in Tiburon serving as the southern terminus of the Northwestern Pacific Rail Railroad.
    1
  67135. House prices will probably drop another 18 % this year.
    1
  67136. Your right on target! 😉
    1
  67137. I think the demographic shift going on in the country is making the market confusing. Seems like free states are flourishing and lockdown states are losing.
    1
  67138. What a lot of people don't realize is that the architects of this new economy activated the death of the old economy starting in 2020. We've been living in a zombie economy since then but the public didn't get the memo. That's why they keep thinking things will get back to normal. They can't grasp that we ain't going back to normal. We're headed towards the matrix 🙄
    1
  67139. ❤ thank you
    1
  67140. Just wondering how accurate is Zillow Zestimate of a property. +/- 5% or +/- 10%? I bought a property in Northeast FL in August 2021 and I checked my property on Zillow to see whether I'm under water or not (just curious). I'm currently living in HOA community and I do have to maintain my lawn/trees. I received a warning when my palm trees having a lot of dead leaves on them.
    1
  67141. Many, many more years of success!!! 🎊 🎉👏🏻👏🏻👏🏻👏🏻👏🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻⭐️⭐️⭐️⭐️⭐️
    1
  67142. Crazy
    1
  67143. Michael - I’m in WPB right now. Until the 24th. We are looking to purchase a property. The neighborhood you are walking in is interesting to us - Where in Fla are you? Thanks Steven
    1
  67144. Yes, Canada will have a bigger housing crash than the USA.
    1
  67145. PS. You are right, my ex room mate in the UK moved to San Francisco In November last year and has taken regular trips to Los Angeles aswell and she’s in absolute shock at the amount of homelessness there is and how people are living. We did not experience anything to this degree in the UK and I said the same thing to her, I can’t believe that a first world country like America is experiencing these types of things on mass scales. There will always be some form of poverty levels everywhere but nothing quite like some of the states are facing( and very popular areas too). You’d expect it more in my country, but not the states.
    1
  67146. The morning hours are notorious for noise from gardeners. I typically exercise (ride my bike( in the afternoon. After work. 😆
    1
  67147. $480.00 per year on a 30-year mortgage is an additional $14,400.00 that must be paid bringing NO VALUE to the mortgage holder. Up yours, CCP Biden. I hope this gets struck down by SCOTUS. (it's a pipe dream, I know in the new USSAmerika)
    1
  67148. Not sure which is worse, a neighborhood where you have to watch out for feces on the sidewalk, or a neighborhood with no sidewalks at all.
    1
  67149. I love Jack
    1
  67150. Sounds like 2008 all over, but with “complete visibility” with consumers. It’s insulting. It’s like doing something you know is 100% wrong, knowing there will be unimaginable consequences, then saying, “Oops! Sorry.”, when it all falls apart. Gross negligence. 😡
    1
  67151. There is nothing like own your house, not matter what, is sheaper to Own a house in the long run.
    1
  67152. 10% of the Orlando homes being bought by investment firms = 10% decrease in housing stock. Another way to think of it.
    1
  67153. 100,000's headed to unemployed. Ugh
    1
  67154. I won't sign a contract with a buyers agent if that's a thing. I'll find another way.
    1
  67155. Listen to Mike if you are a Millenial or Gen Z that is banking on the great wealth transfer from Boomer to them. There will be nothing left. You will be actually left with a huge ballon mortgage payment on the house you inherit...plus your mortgage....plus your student loans....plus your car.....plus your cell phone......plus your ....you get it. There is going to be nothing left. But bugs. Which might be the plan.......
    1
  67156. Thank you Michael 😊
    1
  67157. Amen!!! You nailed it, Michael!!
    1
  67158. ohh my gosh why would they have that there dang haha
    1
  67159. Great info!
    1
  67160. Does are loopholes in the law, if people do not want them, then change the law! We all use then as they are legal. You probably have used some as well in a smaller scale to pay less taxes, right? We can't complain for something that is allowed under the law. Then, when gone people will complains that is no longer a way for them to save money on their taxes. So what is the solution that would make everybody happy?
    1
  67161.  @MichaelBordenaro  Right. A loss is almost NEVER better than a gain.
    1
  67162. What part of miami is this, looks really nice?
    1
  67163. How is it paycheck to paycheck if she is actively saving a lot of her money. She is maxing out her IRA’s, and contributing to her 401K. I think she’s confused on how some people live.
    1
  67164. I live in Westfield Indiana a great place to live with good quality of life, except for the weather. I was trying to convince my husband to retire in Florida. We went on vacations there and people is saying they are ready to Move from Florida because with so many people moving from California and New York to Florida houses have raised their prices too much. Also my hubby scared me with the flying cockroaches and alligators He said are coming to my house in Florida LOL
    1
  67165. Would you please talk abouth the market in Quebec
    1
  67166. San Fran has become Detroit.
    1
  67167.  @MichaelBordenaro  I guess both supply and demand are in a mutual relationship, isn't it? However, this sounds like it will lead some to personal financial disaster from buying at peak inflated prices and increasing your debt ceiling with cheap money. When valuations eventually moderate, we'll no doubt hear the cry that they're underwater and want the government to bail them out.
    1
  67168. At this point,it's cheaper to build better constructed houses. You can build houses that can withstand 150 mph sustained winds ,flooding and fire.
    1
  67169. State of California will cover the costs. Now corporations must forgoe their Profit and work for the community for a minute.
    1
  67170. Does your audio feed right into your camera or do you have to edit in a separate audio and video track?
    1
  67171.  @MichaelBordenaro  ok thanks for the reply... I'm trying to figure out how everything works still... I walk around a lot like you in my videos and can't get the sound to work for me... You seem to have it nailed!
    1
  67172. I think all sort of delinquencies, tax, homeowner insurance, inflation and other cost of living will bring down the home prices back to pre-pandemic level from next year onwards.
    1
  67173. Love the new haircut!
    1
  67174. Government used to protect against rapacious institutional home buyers. Now it is in bed with them. This is because national government is being eroded by New World Order governance.
    1
  67175. @Michael Bordenaro Being in Real Estate I imagine you see a lot of the back end of the equations. Could you do a video detailing some of the stories of how people are able to million $$$ homes? Is it that buyers came from money already or what's their stories? How are people financing these homes able to afford them? I do pretty well at $130k a year with no debt but still could not afford $1 Million.
    1
  67176. Clearwater Florida .. WALMART Bought Out a Mobile Home Park on Gulf to Bay Blvd, For the LAND in Order to Build a "Neighborhood Market" .. ONLY GAVE HOMEOWNERS $5,000.00 For Their Homes .. REGARDLESS OF How Old or How New or How "Upgraded" a Place Was! .. 10 YEARS LATER, And the Lot REMAINED EMPTY .. It Took 12 YEARS Before a Stripmall Was FINALLY Constructed
    1
  67177. Doesn’t that ruin their credit to not pay rent for three years in California?
    1
  67178. OK> OK> OK> If the State of Florida has to subsidize the Insurance Companies, them DUH!!!! Eventually Florida will need to impose a STATE INCOME TAX.....That, Michael, should be the topic for a new Video. Anybody take a look at the State of Florida's real books, lately????
    1
  67179. At the beginning of April, just as the market was beginning to turn We sold our first home in the suburbs for near double what we bought it for 3 years earlier. We had put 100k downpayment so we had a lot of equity in the house. Then we took the profit and we bought our new house cash, no mortgage, good plan? We made sure to buy in our budget, cause our goal before we sold was to buy mortgage free. Btw, our second home, we paid more for it then we did our first home, and it dies need more renovations, also further from the big city, but still not in the middle of no where.
    1
  67180. I enjoy your videos but I’m a novice in this topic so I understand more of it because of how you break it down for those of us not as knowledgeable as you, although I probably can’t truly grasp all the points you’re making. Sometimes I re-watch one of your videos a year later and finally understand a point you made.
    1
  67181. Thank you for the video Michael. The overcast days are the best for filming too. 🔥👌🏿😎
    1
  67182. Hanging in for the guitar demo. I know how housing is going, at least out here.
    1
  67183. Love that a fan saw you out there! How nice!
    1
  67184. The reason is simple . American investors are not allowed to buy land in China.
    1
  67185. Great video as always.
    1
  67186. This cold snap really got us down here in Georgia. Georgia power is also going to raise the rates on us come Jan 2023. Just ruthless 😆
    1
  67187. 6,300 a month for a little ranch , totally crazy
    1
  67188. Mannnn this student loan thing pissed me off. My parents didn’t help me so I pay as I go. I’m trying to not take loans out and it’s taking time dishing out the cash. But hey let’s bail out ppl who took loans out. Shit ain’t fair.
    1
  67189. LOVE Culver's 😍 we live in Indiana & are lucky to have one about a 1/2 mile away !
    1
  67190. Money isn’t worth as much. It’s the same price with inflation and our fiat money!😢
    1
  67191. Why is there not one soul in the water at the beach on a Sunday, Michael? Insane.
    1
  67192. Michael, your videos are addictive. Thank you for keeping us informed.
    1
  67193. Nebraska Kansas are much cheaper on housing prices. Yeah there is no oceans by us and you have winter here but if your really wanting a cheaper place to live
    1
  67194. MIAMI made you STRONG mike
    1
  67195. 1. There is only one way out of a bad neighbor: move. If you think, "I'm not moving. This is my property" you will give up years and maybe make the problem worse. That's why I am not buying again. 2. The only hope for insurance is highest deductible they offer. Never use it. Put the money saved into a 4 percent 11 month CD in case you have an accident.
    1
  67196. First!
    1
  67197. Michael, how do you feel about the Utah housing market?
    1
  67198. Deflation is getting ready to hit us!
    1
  67199. Home price in my state is 60% to 70% over what the normal people here make. Shot alot of the city's and county are uping there properties taxes by 110% and sending out people to assets the property value. Alot of the new tax will be an extra 300$ at least if not more. New home builders have been hearing silence. Home that haven't been updated in 20 year or more.. well there just sitting on the market shot I been seeing more and more sitting for 90 days or more. Almost 1/2 of the home contract are falling through. My state has tec workers here a lot of them are losing there jobs. An California who moved here 5 years ago are haveing to move back to California for there jobs. Open house are dead hardly any one will go to one. The people 55 or older are not happy with haveing to pay 2300 or more for there yearly taxes on home on 1/3 Acre that's its only about 1600 Sq feet house. Gas is still 5$ where I live the cheep stuff maybe 4.89$ a gallon. A lot of people in my state are using food banks because food to expensive. We have a water shortage in my state so people are not watering there grass and getting extra 300$ fines by the city for haveing a dead front yards. Or if you do droughts resistance yards some of the city are fines on them over that as well.. it's a crap show. We have a joke here we are becoming the new California with everything going on. Ugg
    1
  67200. Michael Bordenaro , the best realtor on youtube.
    1
  67201. You da man.
    1
  67202. On a macro level, anytime home prices rise faster than personal incomes.... a crash is coming. Of course it's regional, but it will happen.
    1
  67203. Thanks!
    1
  67204. Great advice on should someone buy in 2022!!
    1
  67205. Open Door. basically manipulated sellers into doing large ticket item "fix-ups" (paint, roof, windows, etc...) and told them they needed to do those improvements in order to receive the offer. Many sellers did this, thinking they would save on seller fees and also glean much more from the sale as a result. I believe the sellers came out with less than they would have made on the open market.
    1
  67206. 12 X 40 is 480 (:
    1
  67207. Just to let you know, your video isn't showing on the feed ... kinda ba**ed
    1
  67208. I love your video, not only the information but the outside walk
    1
  67209. Rents only go down when u move not if ur a current tenant for years
    1
  67210. You should take your wife to Italy and Spain from May to October! Trust me!😊
    1
  67211. A big reason people are coming to Florida and feel more optimistic is Gov. DeSantis, who refused to lock down the state and kept it open for business. As for retirees being in trouble, I think they'll be okay as long as they own a home that is paid off and don't have to worry about mortgage payments. If they're squeezed for income, they can get a reverse mortgage (if they're not planning to move in the future). By the time you retire, you should not have any significant debt. I live in a condo that is fully paid for. The only loan I've taken out is for a new car. I also relocated to a less expensive area in California and my property taxes can only go up 2% a year (although the Democrats would like to change this...) If worse came to worst, I'd move out of the country. The possible need to do this in the future has stopped me from getting a reverse mortgage.
    1
  67212. First.. Comment.
    1
  67213.  @MichaelBordenaro  thanks for the encouragement.
    1
  67214. I wouldnt bet on prices falling because that is betting on a fiscally responsible government 😂, before anything deflates th fed will just start printing quadrillions, thats why it doesnt make sense to short the stock market. You could short it against gold but not against the dollar 😅
    1
  67215. I think part of the problem why some of these sellers believe they can charge “top dollar” for lower quality properties is that they don’t have enough financial literacy to understand that their property isn’t a rock solid savings account like they were promised because of a false narrative spun in the 80’s. When the reality is that most real estate is a risky investment like a volatile stock. In good years with scarcity you can sell shabby or middling houses for numbers that look like phone numbers, in “bad” years it’s a buyers market and you have to hope a buyer wants what you’re selling.
    1
  67216. Homes in demand yes I agree but just like everyone wants a Lamborghini but hardly anyone can afford one, save your money people
    1
  67217. Florida will turn into California soon.
    1
  67218. Thanks, Michael. It's always interesting to hear your perspective on things.
    1
  67219. Seems crazy that landlords would want to keep their rents so high that people can't pay. Don't know what the advantage that would be??
    1
  67220. AKA-reality check
    1
  67221. I worked in the fast-food industry for 4 decades. It is true that sales are the ultimate measuring stick but equally important is how you obtained those sales. If increase sales come via increasing menu prices, that's not a good sign. Increasing transactions is essential for building loyalty and long-term success. Bringing more people into your restaurant or through the PUW seeking good service and value AND increasing visit frequency is far more important.
    1
  67222. In America one can rob another Legally and Illegally.
    1
  67223. Michael looks like you’re looking at the Eichlers in Marin county.
    1
  67224. if u want get rents down u must stop NY and cali people coming to FL first . amen
    1
  67225. Ive been trying to explain this to my Baby Boomer father, who stupidly keeps taking equity out of his home he bought 50 years ago for $100k. He is still paying mortgage on it today.
    1
  67226. I’ve read that the two markets where institutional investors have bought the most houses are Phoenix and Atlanta. Other areas aren’t apparently affected by investor purchases nearly as much
    1
  67227. Wait, renting is now cheaper than owning. Why aren’t people taking advantage of this?
    1
  67228. Water is life :)
    1
  67229. Thx again for such great info. Best channel on YouTube. Almost at the 200k mark.
    1
  67230. Sounds like Grant wants to catch a falling knife
    1
  67231. Enjoy the videos!
    1
  67232. All the inspectors are related to the builders in some way or another. The time inspectors put into home inspections is just a joke. They usually take about 2 hours or less depending on how hot it is in the attic. I have bought several boats in my time and all of them took longer to survey (a survey is what boaters call an inspection) then any of the four houses I purchased and lived in over the years.
    1
  67233. Theres absolutely no way they can or will raise rates again before a cut!
    1
  67234. Lol Glad to see you didn’t fall in to any potholes or what ever those utilities covers are called and bust your flipflop on this walk 👍🏻🙂
    1
  67235. Well, where IS this condo you bought? Maybe I missed ……, but I’m hearing all this info and numbers about, but where are you?
    1
  67236. Finally. Great News!
    1
  67237. Thank you
    1
  67238. Great Video, thank you!
    1
  67239. DAN FROM I ALLEGEDLY YOU TUBE, JUST SOUTH OF YOU IN ORANGE COUNTY, HAS A FRIEND DOING FORECLOSURE AUCTIONS IN SANTA ANA.
    1
  67240. Bidenomics and the Dems actually believe in Modern Monetary Theory, MMT and that printing more fiat currency and running up infinite amounts of debt is no problem and they believe that's the solution to the economy.
    1
  67241. Now June 5th. Um, um, um. SMH!
    1
  67242. Michael the issue with Sam Bankman is that he was scamming everyone with a Ponzi scheme. So he is going to Prison and just filed for bankruptcy. And on his way down he took a bunch of people with him. Crypto and blockchain is the future but scammers ruin it for everyone. Thanks for your awesome videos.
    1
  67243. Subbed
    1
  67244. ROCK&ROLL MAN 🤘
    1
  67245. Never say never. But have no plans to lower the price IF I decided to sell . People are still making lots of money .
    1
  67246. This is why you don't put something you own on land you don't. I saw great prices on mobile homes all over Fla, The lot rent has gone sky high, it would cost a fortune to move them to owned land as well as insurance going high too. Investors are buying lots left and right, evicting the people living there and building multi family duplexes, tri plexes, 4 plexes and single family homes that are build to rent not build to own. It's going on nationwide, mobile home parks are indeed valuable land.
    1
  67247. What we DON'T have is a "plan" to fix the problems. Soneone will have to take it on the chin...and it will be the poor (or even "average") folks. NOTHING will change for the rich and well connected. Citing the problems with the way things are being run is great...and needed. Everyone is in favor of "fiscal soundness" and the required cuts to make that happen...as long as it doesn't affect them.
    1
  67248. New subscriber here. Great videos and information. We own properties in SW FL and appreciate the info/insight from a different perspective. All about people & property. In our quest for peace of mind and happiness during our stays in FL it helps to go with the best information available #$$$. Thanks! Keep up the good work.
    1
  67249. U don’t need any sunglasses today because Inflation has blocked the ☀️
    1
  67250. @Michael Bordenaro, I have friends that is thinking about living Dallas, Texas and moving to FL, since I follow you, would it be okay to give them your name YouTube info. Not sure if your a Broker/Realtor.
    1
  67251. Finally a good video to prove inflation is keep climbing .So buy your car and house soon Especially house !!!
    1
  67252. Dam , a plain house 1.5 mil , Jesus ,
    1
  67253. "government brainstorming" A contradiction in terms.
    1
  67254. Car bubble 🫧. That’s all going to pop.
    1
  67255. My realtor told me of an investor who put a paragraph in their offer on a small first time buyer house. $10k above whatever top offer there is! Wow!!
    1
  67256. Hilarious! I've been saying this for years, if you keep raising the prices so high that no one can afford it, guess what happens? No one will buy it!! 😂 I have zero sympathy for those people.
    1
  67257. I’m a millennial who could easily settle and buy a nice home. I don’t want to because the home I could have bought for the same price would have been twice the size 2 years ago. Hard to feel good about that or get excited. Instead we are waiting.
    1
  67258. You are one heck of a tour guy without actually moving.😊 The way you explained all the ins and out was so perfectly narrated, I could listen to you all day.👍👍🤩
    1
  67259. Hope you got a bit more room in Miami Michael. 3 days ago — Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, ... LOL
    1
  67260. 🎂
    1
  67261. Hey Michael check to see if those million-dollar houses for sale have a homestead credit on their property tax bills
    1
  67262. The Unemployment rate for February 2024 according to the Government U-6 was 7.80%.
    1
  67263. Are you ending up in San Francisco? That would be A fascinating walk.
    1
  67264. Stop spending 💰 stop inflation.
    1
  67265. So is good news or not?
    1
  67266. I detected sarcasm 😂😂😂😂......is the market a herd of wishful thinkers or commissioned salesmen !.......not good 👍
    1
  67267. Sorry for the multiple questions but what is the % increase coming from other states. Retires move from Ohio to Florida all the time.
    1
  67268. Outstanding video.
    1
  67269. Oh wow pov ( watching you )a realtor add came through talking about how 1. home prices won’t drop 2. Rates might rise or if they drop prices will go up 3. Buy now so you won’t have to deal with bidding… what is happening 😂 Are they paying for YouTube adds to tell us the housing market is OK 😂 it’s getting wild
    1
  67270. The Democrat open borders policy is causing insurance rates to skyrocket.
    1
  67271. Beware guys...the "What's app" person replying to posts is a scammer trolling YouTube posing and trying to get money from people.
    1
  67272. Michael you are right it's all going to h e double hockey sticks; but I think we'll get there faster under Trump and the Republicans than under Kamala and the Democrats.
    1
  67273. How much is it to build a house ? + vacant property. That's the bottom. When talking rent ... what rent? Short term? House? Gated? Look at the area you are in . Plenty of people with money. ( pre pandemic would be good 👍) Look at a graph since 1970 and adjust for exponential growth. Nice straight line up.
    1
  67274. Those with buyers remorse are like the drunk that gets a tattoo then wakes up the next day wondering, what the hell did I do?
    1
  67275. I'm in NJ, which of course has the highest property taxes in the country. Our taxes do not go up and down with massive swings like many other areas - it stays steady regardless of how the property value goes up or down. Then again, the people in the capital know with the average tax bill about $9,500 it would not be a wise move to have it go up 50% if the home values go up, conversely they do not want to give anyone a break if the values go down. There are $250k homes in marginal areas that cost $10k a year and have schools that rate 2 or 3 out of 10.
    1
  67276. What website are you using for property history?
    1
  67277. This time me we got a tech bubbleand real estate bubble and covid stimulus bubble all in one! Can't wait for the crash.
    1
  67278. Soooooooooo.... it's too bad and hard and sad for Martha's Vineyard and New York City.. to absorb 50 people or a thousand people Etc.. but it's okay for Texas to absorb hundreds of thousands of people??🤯
    1
  67279. Thank you very much for the informations. Could you give some opinions for the Carson city and nearby areas in Nevada please? We are intended to buy a house over there.
    1
  67280. Paperless statements with alerts are great. Set up alerts and they send an email when your statement has posted, then you can check to make sure its correct. You can even set up autopay to pay the balance in full on the due date and get an alert telling you when they took the payment. Save lots of money on stamps and dont have to write checks
    1
  67281. Check out what california did to the solar industry. Ripping off people that have solar power.
    1
  67282. Hi Mike, I enjoy your videos, your presence and personality. It's very interesting to learn about the housing market where you are and by extension where I am at in Minneapolis MN . I may get a settlement soon so maybe I will have the money to buy a house or condo. I would love a home of my own. Everyone does right. Anyway I love your videos and will keep watching .
    1
  67283. Los dos Italianos on a crusade in the barrio....
    1
  67284. Exactly Michael! Barbara doesn’t get it that we are in a different world now and her boots are not on the ground!
    1
  67285. No...normal would be 2019 prices plus factor in an additional 10% for normal inflation
    1
  67286. Don't forget 88,000 trucking companies gone under. That of course includes Yellow which was around 30,000. So yes this economy is really going down. Amazing that the stats they're putting out is 3.9% unemployment. Hope most people are preparing because this is going to get real ugly.
    1
  67287. Foreclosures almost up 200% get ready folks it's about to get Ugly 08 will look like a picnic! Thanks for the content and data Mike you're awesome! You live a very humble lifestyle. Thanks for sharing your personal expenses.
    1
  67288. I own a home but the truth is; I pay the mortgage company. I pay taxes. I pay HOA So the reality is, I only own the payments, I own the receipts documents and I own the repairs on the house. If you call that an ownership of a house then What a Fxxxxx way to own a house. It's a Big fat lie. The true and real owners are the government and Banks. Wake up everyone.
    1
  67289. This is turning into the jersey shore
    1
  67290. LOWER vehicle price. Interest rates are ok.
    1
  67291. A price cut from such a ridiculous price. I am waiting.
    1
  67292. Looks like a sketch area good thing you have your body guard with you 😎
    1
  67293. roof rats are killer. Use traditional snap traps, bait with peanut butter, and tie string to trap so rat doesn't run away with it.
    1
  67294. 1) I'm not sure why fees aren't already bundled in with the home price. 2) Won't they just charge the same amount and simply have the commission for the buyer's agent be "paid" directly from the seller's agent?
    1
  67295. These people are just too greedy and unrealistic and will end up losing more money because of it !
    1
  67296. Hey Michael, You're on my street!!
    1
  67297. You have to be honest, because its better to feel the heat of some reality than face the cold being homeless on the streets. Basically people should get their financial affairs in order. If there's an economic storm approaching don't blame the weatherman!!
    1
  67298. Who makes the majority of the money when prices increase? The people who lend it out? Or those that have to borrow it?
    1
  67299. Happy Birthday 🍷🍰🌹 Elisabeth
    1
  67300. pretty close :)
    1
  67301. Tell the truth and shame the devil Michael. Keep up the great work, brother. ✅️👍🏾💯
    1
  67302. The US never recovered from the 2008 crash. It just printed worthless paper money drowning the US in national debt. The trade war with China & COVID19 was the perfect storm that exposed all the flaws & corruptions in the US economy & it's about to get a lot worse. This is just the beginning of the deep dive. Time to pay the piper.
    1
  67303. Stuff like this is why the government fools people into engaging in identity politics. If the majority of people told the government to kick rocks, we wouldn't have to be paying property taxes at all.
    1
  67304. Check out the videos on Biden's fiscal year 2025 tax increases!! If they get pushed through Congress we're royally hosed even more so than now... smh
    1
  67305. Again what’s the difference Michael between a mobile home park and a condo? You don’t own the land .. like your channel good advice. But I’m a realist.. at the end of the day … own the land .. your price doesn’t go up .. comparing it to condos or trailer parks ..
    1
  67306. All this means is inflation will continue.
    1
  67307. hey Michael! I saw you at manasota beach the other day walking towards the pavilion/beach from the parking lot 🤩 maybe you saw me “a blonde girl staring you down trying to figure out if your Michael!” 🤍😂
    1
  67308. Is failing, just slowly
    1
  67309. 150 years old 😂
    1
  67310. Thank you. Great thoughts on the fact the government is already involved and saying that we should just let markets be markets is not a valid answer. also liked your thought on how most government policy backfires. the 30y fixed rate mortgage is the prefect example of that. started with great intentions of everyone being able to have a house but turned into 500k studio apartments, people living in cars and RVs who have decent full time jobs. At this point the government is the only party who can clean up the mess they have made.
    1
  67311. Michael Congratulations on 5 years absolutely love the channel keep up the great work and go enjoy that prime rib dinner make sure to take the Mrs...
    1
  67312. I just closed on my 2nd property 6 weeks ago with 4.375 interest rate. I am happy with my purchase because house had 2 ADU with potential Airbnb. Just one ADU I can make 5k a month will cover my mortgage and 600 cash flow. I’m not going to advise to just buy without doing research or plan. All I can say is make sure you have savings, pay mortgage comfortably and based it on one income and make sure you have great credit.
    1
  67313. Ventura County,CA Average home insurance cost $1200 a year. Combined with prop 13 winning!!!!!👍😎
    1
  67314. Wow now I am glad that Texas gives disabled veterans 0% on property taxes.
    1
  67315. The truth is good to know about our lying government....
    1
  67316. We are in Michaels Twilight Zone
    1
  67317. Yes… delusional. Absolutely.
    1
  67318. I live in California, rents here are insane and the money isn’t that great . We pay a ton in taxes so it doesn’t leave a bunch for most people to save . I’m lucky to have a bunch in savings but I’ll be honest , you shouldn’t speak for these younger people . What they are having to go through is not even in your comprehension. We had life good , these 20 year old now are having it hard ! 3 months is too much to move in , first and last should suffice . Back in the day when we rented places it was cheap , move in was cheap . Now it’s more than 50% of what they take home per month . I feel for these kids .
    1
  67319. 1st
    1
  67320. I remember Miami Shores being high end back in the day . Either way wouldnt pay 2 mil for 1978 home with pool. Thx!
    1
  67321. Few buyers will want to pay a buyer agent commission.
    1
  67322. Milwaukee is cool, but it has quite a bit of crime now.
    1
  67323. Michael I'm not accusing you of cognitive dissonance but half of the video concerns spiking home insurance costs while in the other half you're rather dismissive (being kind, because you used the word 'stupid') of landlords who feel compelled to substantially raise rents. I've been a landlord since 1987. The insurance carrier for my rentals has raised premiums every year AND I received notice of an 18% increase effective this November. So 3 to 5 percent rent increases don't cut it anymore, due to out of control operating expenses. Plus look at material costs. I recently paid $29.99 at Home Depot for a basic light fixture that cost about $8 two years ago. Bought (8) 12 ft. sticks of shoe molding for a property yesterday at HD.. cost $126.. should be 1/3 that price. I could give a thousand more examples. We all pay. I'm not in the rental business to lose money or break even. Perspective.
    1
  67324. 40,000 a month. how is that even legal. where do i put in my application for those jobs
    1
  67325. I’m sure AI is capable of doing the entire transaction of selling a home. Just like it’s taking over all other job markets, it will steal jobs from realtors, as well. I sure love that AI….says no one…except the big cheese at his company, who eliminates 90% of his workforce with AI…and can upgrade his billion $ yacht. Real estate will see the same demise through the integration of AI.
    1
  67326. There is lots of new money in BIG PHARMA, CDC, AND THE UKRANE!
    1
  67327. Good to know your Not in The Witness Protection Program (sunglasses removed). I had my doubts when you did video on Palm Coast when only your voice could be heard, LOL! Love this channel Michael. NEVER MISS A SUNRISE OR SUNSET!
    1
  67328. Regarding low unemployment: Over 100 million people, age 16 and over, are not even counted in the labor force. So, they are never counted as unemployed. Now, of course, some are in school, and some too old to work, or disabled. But not all of them. The Not in the labor force group has been growing most every year. I guess the government has found a way to keep unemployment low.
    1
  67329. Hi Local Celebrity Hi Thanks for standing out there in the rain just for us
    1
  67330. Corporate media is going to do a lot of this in the next ten months to try to help Biden. Make everything look good while avoiding the truth.
    1
  67331. good video . thank you
    1
  67332. Don't pander.
    1
  67333. Nice video. You've gotta wear your sunglass at night! So you can, So you can see See the light that's right before your eyes. Tell us what the lights saying!
    1
  67334. In the end I'm planning moving from nyc to LA in the upcoming months, and the prices there compared to the ones in nyc for a 2-3 beds in a good location are incredibly lower, so even though I might pay more if I buy this year than next year for an APT, the math it still better, because I'm paying 3500 usd for a horrible studio in Midtown Manhattan per month, and the price will rise again next year who knows how much, but in LA it will be a 2-3 beds apt in West Hollywood, counting everything including taxes and HOA and the interests of the LOAN and everything, I will pay 4560 USd aprox per month, so it would be something a little bigger than my current rent, but it will be mine and it will be way better, since LA is way more cheaper than NYC, nyC it just crazy in every sense and why LA and not other cheaper states? Well I'm an actor, so is either NYC or LA and I think I'll do better in LA. Anyway thank you for your videos as always.
    1
  67335. Negotiation, Negotiation .Negotiation!!!!! This is something the public schools should be teaching our kids. instead of transgender politics. Public schools should be abolished as they have failed our children .now adults for decades. The first thing is to make a deal that both parties will be happy with. I don't know why people don't negotiate but they need to make a deal they can be happy with. If we all did that ,we could probably lay off 90% of the Real Estate Salesman, Car Salesman, and Lawyers, tomorrow. We could also eliminate lobbyist to Congress. I don't know what the solution is, but it isn't working now. The corruption is so embedded in the system. I don't think it is. We the people need to become independent and make our own deals. 6% is ridiculous. A 60,000 dollar commission for a million dollar house is too much. People need to start to learn how to negotiate to an agreement. What is fair to me may not be fair to you. Make an agreement you both can live with, it isn't that hard.
    1
  67336. People always tout the no income tax in FL. Nothing is free folks. Looks like property taxes are making up the difference in the state's coffers.
    1
  67337. My house payment is not even close to that wow
    1
  67338. Is there a way to find how much tenured professors earn over their career. I know public school teachers salaries is public information in my state. I have seen teachers salaries actually printed in the local paper.
    1
  67339. If the insurance cost increases apply to all investment properties, that would cause the market rate rent to increase, so it might not be so bad (for the landlord).
    1
  67340. Ask you a question could you walk around 132nw 205 terrace miami garden. I lived in the neighbor 1979 - 1982 bought house for 67k sold for 76k zillow shows property now is worth 432k don't know if this is true.
    1
  67341. Congratulations on 5 years Michael!
    1
  67342. I just keep waiting to see the prices really drop, but like you said, that may be a while longer. Great video!
    1
  67343. Happy birthday Lizzie God bless you and your family.
    1
  67344. LOL @ 12:37 - actually, according to some journalists, prices CAN go up and down at the same time. I know, that's been a new one for me too
    1
  67345. Who can live in Florida anymore
    1
  67346. You either sell right now, or for several years hold on to your home.
    1
  67347. @MichaelBordenaro  there's just so much going on to investigate in the world, we can't expect everyone to do the"hard work " to educate themselves on all matters of life and the cost that comes with it. People need to do their best to do as much research on any large purchase. I personally love the research you do to spread the word. However it's up to the individual to take things like this and make an informed decision. Elections have consequences.
    1
  67348. why are you limping?
    1
  67349. Bravo Michael! I agree-- there is great opportunity to learn a lot out there on YouTube...if you have a discerning mind, are a critical thinker by nature, have learned the lessons that history teaches us. I have a list of regulars who appear on YouTube from whom I've enhanced the quality of my life and how I spend my time and assets. I have recently added you to my list, and I enjoy your walk 'n talk approach. You're a gem!!
    1
  67350. Living near water in Florida you will pay so much more for insurance then living inland! Stay away from water and should be good to go!
    1
  67351. Its all money laundering on those overpriced houses. The mob and drug dealers.
    1
  67352. and how much condo owner get when they sold building?
    1
  67353. Mike I know your a camaro guy. caught ya checkin out that F body at the beginning of the video lol
    1
  67354. I think they're holding off until the election
    1
  67355. McDonald’s gave me a free hash brown with my breakfast sandwich this morning
    1
  67356. " SOFT LANDING " aka Sex Panther Cologne by Jerome Powell and Janet Yellen - They've done studies, you know. 60% of the time, it works every time. 😘
    1
  67357. ✔️✔️✔️
    1
  67358. Seriously, this crappie government is bailing out other countries. This is printing money government!!!!!
    1
  67359. Loved you brought jr with you today 😅
    1
  67360. Houses are not worth current prices.
    1
  67361. The EV people are out of their minds. That technology is not ready for prime time. The larger the vehicle, the more it has to transport, the heavier the batteries are. It’s a snake eating its own tail. It makes no sense. CA is pathetic.
    1
  67362. I tried living in a travel trailer and we did for a year. The hardest part about it was the legality with the government. And it was still expensive. It was hard to get mail / license / foodstamps. Our payment was 340 and our land lease was 750. We ended up getting pregnant, and discovered that you can get reported to CPS for living in a travel trailer. So we choose to move and sell it.
    1
  67363.  @MichaelBordenaro  I agree with you Michael and really enjoy your daily videos. You're a straight shooter.
    1
  67364. Thanks again for your video. The area I am pooling to move is too LBS and Pompano Beach area. But the prices are extremely high. Hopefully the market softens where I can buy a place like I use to have back in 2009 where condos were selling for around USD300/ sq. ft. not these astronomical prices we see now. And you are so right about the high end hotel chains management of new condos on the beach. I can only imagine the HOA on these places.
    1
  67365. Look to Tulsa OK, beautiful place and lots of perks for remote workers.
    1
  67366. The thing about lies is that it just delays the bad news while the bad news grows bigger until it blows up more devastatingly than it would have.
    1
  67367. I would suggest you have your own news show but that's all propaganda crap. Your videos are much better quality than that thank you it's the only news I can get in real estate anyway
    1
  67368. I know it might be the end of the world and everything but is there any way we could see some of those killer Miami sports cars??
    1
  67369. Congratulations on 5 years on you tube!!🎉🎉 I watch a lot of your videos
    1
  67370. Your Huge!Rite on brother.
    1
  67371. I miss the sunglasses, they ate 😎 cool
    1
  67372. 0.5 % does nothing.... it's like fairy dust
    1
  67373. Lee County Florida, thoughts and prayers.
    1
  67374. Money is fungible. No buyer in his right mind will pay the same price for a house regardless of whether the seller pays the commission or the buyer pays the commission. If buyers start paying the commission, the comps will adjust downward to reflect this reality.
    1
  67375. To address your question, I’m from the Midwest and live here in a modest and comfortable house that we can thankfully afford. A friend of mine just bought a lovely house as well and we were talking about how fortunate we are to be from here because it’s not a shock to continue living here. I do think that if you were used to a sexier environment though that the Midwest might seem very dull and boring to some.
    1
  67376. How can a person contact you?
    1
  67377. Spot one! The big D is coming. Your finances in line while you can. Get out in front of it.
    1
  67378. 😁😁😁
    1
  67379. The whole world is a scam
    1
  67380. In Sweden we have the same problem with the energy costs. The price is on the worst time-spikes, from ordinary price up around 25 times, yes that's sick! So electricity is sky-rocketing here now.
    1
  67381. Technology is continuously evolving and improving but as long as people reject this monstrosity now and tell the dictatorship in the WH to shove it , the citizens of this nation dictate the market place and we will decide how and when this is to play out
    1
  67382. Bubble is bursting
    1
  67383. What about new construction homes being built now that will be up to code and with new elevations, will they get lower rates?
    1
  67384. Congrats
    1
  67385. I'm in the comment section. Unlike your other followers, I'm not anywhere near smart. I'm just here as a fan of Michael Bordenaro. ;-)
    1
  67386. I mean I see Florida prices Coming down but not in the north east
    1
  67387. Yes, the Federal Reserve was late in starting to raise rates. All of Wall Street saw those coming and cried, whined, and screamed for the FED to not raise the rate 'cause Wall Street needed cheap money! BTW Michael you are on fire in this video.
    1
  67388. Thanks
    1
  67389. Your vid from last week said people need to work 63hrs a week which is 12.6hrs a day in a 5 day work week. Using the 195k from this vid means a person needs to make $64.48 per at a rate of 12.6hrs per day. If my math is off please correct me but also to anyone watching this vid it should be very clear which way the wind is blowing. Very few jobs pay that in America.
    1
  67390. oh 1% down, I was where can I get 1% apr? but no such luck.
    1
  67391. EL NINO!!! (chris farley 😅)
    1
  67392. iN aUSTRALIA aT 5% INTEREST, YOU WOULD TRAMPLED IN THE STAMPEDE OF HOMEOWNERS TRYING TO REFINANCE
    1
  67393. sorry...but horrible seeing high rises right on the waterfront ruining the view for everyone but them. We need accountability for the IRS... they get away with crimes too often.
    1
  67394. Always appreciate the steady content and good info
    1
  67395. Crash , no, market correction yes , jobs drive real Estate market
    1
  67396. Oi am moving to Portugal! The best place for retirees
    1
  67397. Rates in 2023 will be between 8-10%
    1
  67398. To do well is no luck.
    1
  67399. We have justice of peace to get married 😊
    1
  67400. If house values go down, you can't refinance.
    1
  67401. Americans have always been into buying overpriced vehicles, homes to mostly impress their own kind. They can see, but, don't care, everything is only getting worse, never better, but, keeping the faith, are sure, their government will save them, so no worries.
    1
  67402. Lenders will only lend to people who have the disposable income to make monthly payments, it is not automatic.
    1
  67403. I do appreciate your videos, thank you so very much.
    1
  67404. (16:53) And another tip, you can keep your auto maintenance cost really really low by never ever driving it. It'll stay low--guaranteed!! 😆😄😉
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  67405. We would be nuts pivoting w the same resolve isn’t that insanity
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  67406. The government is giving too much to too many lazy people that are not productive for no good reason.
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  67407. Check out Flagler and Ormond by the Sea. We love it there and hope to retire there soon.
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  67408. Thanks for finally mentioning New Jersey!😊
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  67409. All stats put out by governments are all fake now
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  67410. 1.2 million for a piece of bacon… 😂😂😂😂😂
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  67411. I think it's time to yank the Fed rate to 25%!! And stop this corporate rape and pillage of the USA!! Bring it to a screeching HALT!
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  67412. The four stages of economy h o p e
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  67413. The point of a rental correction is also interesting. I rented my 3/2 waterfront house in West Sunrise, FL in 2018. Nice neighborhood next to Weston. It was listed for only $2300 per month. It took almost 1 month to rent and demand was picky and slow.
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  67414. Insurance is a Ponzi scheme just like banking.
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  67415. Michael, You hit the nail on the head describing the NY market. Same thing for Bucks County PA because of its proximity to both NYC and PHL. There is a lot of commercial activity along the Boston to DC I 95 corridor. The winters in Philly are not real harsh like you might think. We have the Gulf Stream to our east to buffer the climate and the mountains to our west that temper the climate. NOAA refers to this area sub tropical. For what it is worth Miami is not easy to grow a buzz. I could on average make a 100 new business calls in NYC, NJ, PHILA., WILMINGTON, ETC. and make a thousand calls from Dade to PBC and maybe get one or two. So if you get discouraged sometimes it could be your environment.
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  67416. Michael what if the Fed does not tighten it's balance sheet and start offloading the mortgage backed securities. Thanks for the video again sir
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